Jan 12, 2009

One of those days when nothing works. You do your best to lose money, and succeed. We succeeded.

[08:11] {Threei}  Good morning

[08:12] {Threei}  PALM activity

[08:12] {Threei}  DRYS activity

[08:14] {Threei}  LEN defense

[08:14] {Threei}  RELEASES STATEMENT CONCERNING RECENT STOCK PRICE ACTION

[08:14] {Threei}  To protect our investors, the information we are disclosing today confirms the following:

[08:14] {Threei}  -- COO Jon Jaffe, did not receive a mortgage on his home or any other indebtedness connected to the company.

[08:14] {Threei}  - Lennar never "treated its joint ventures like a Ponzi scheme." -

[08:14] {Threei}  - Lennar has never siphoned cash from one joint venture to another.

[08:15] {Threei}  etc

[08:15] {Threei}  a lot of lines starting with "we never"

[08:15] {patience} good morning  :)

[08:15] {Threei}  patience :)

[08:21] {Threei}  CHYRSLER CEO NARDELLI: CHRYSLER WILL SELL ELECTRIC VEHICLES BY THE END OF 2010, SEES SELLING 500K ELECTRIC UNITS BY 2013 - CNBC INTERVIEW

[08:21] {Threei}  CEO: EXPECTS SUPPLIERS TO FACE CHALLENGES IN FEB, MARCH - CNBC INTERVIEW

[08:21] {Threei}  - Planning for oil at $130-160/bbl in the future, sees switch to smaller vehicles continueing over time.

[08:27] {Larisa} good morning :)

[08:28] {Threei}  Larisa :)

[08:28] {Larisa} threei :)

[08:32] {dptl} good morning all

[08:32] {Threei}  dp :)

[08:32] {Threei}  BALTIC DRY BULK INDEX UP +1.9%, A FIFTH STRAIGHT ADVANCE

[08:34] {KSystems} Hello wizeman

[08:35] {Onix} Good morning all

[08:35] {_wizeman} test

[08:36] {Threei}  Omix :)

[08:36] {Threei}  good morning wizeman, you are OK

[08:36] {_wizeman} thanks

[08:36] {dptl} is there any way to hide activity like: whoever join room or got kicked out?

[08:36] {Threei}  yes

[08:37] {Threei}  right click, Event

[08:37] {Threei}  look for boxes Joins, Quits

[08:38] {Threei}  select Hide

[08:38] {Threei}  found it?

[08:39] {dptl} right klick where?

[08:39] {Threei}  on the button in upper bar saying #discussions

[08:40] {dptl} got it ty :)

[08:40] {cosmo} mIRC no worky

[08:40] {Threei}  mirc worky

[08:40] {cosmo} nobody there

[08:40] {cosmo} 'cept magoo...

[08:40] {Threei}  sure, you connect old room

[08:41] {geo} gm all

[08:41] {cosmo} k

[08:41] {Threei}  while we all migrated to new one

[08:41] {Onix} hi geo

[08:41] {Threei}  tell magoo to get with the program...

[08:41] {Threei}  geo :)

[08:41] {cosmo} figures...

[08:41] {Threei}  have you guys gotten an e-mail??

[08:41] {KSystems} magoo decided to stay on Bermuda instead :)

[08:41] {Threei}  or have you been here on Friday when we all tested new room?? :)

[08:41] {Onix} anyone know hw i may enlarge the script here please?

[08:42] {Threei}  you are using mirc or hobbit Onix?

[08:42] {geo} i gotone saturday

[08:42] {hawkfan4} got the email vad

[08:42] {Threei}  great... onviously magoo doesn't read his...

[08:42] {Onix} it says mibbit irc

[08:42] {Threei}  OK... I don't know that one, sorry

[08:43] {geo} so i paid and go rif of mirc registration

[08:43] {KSystems} one sec onix

[08:43] {Threei}  cosmo, told magoo to go read the instructions on new login?

[08:43] {geo} they were running a 10 dollar lifetime special

[08:44] {cosmo} new?

[08:44] {geo} hmm I thougt magoo was kidding about his pc skills

[08:45] {Threei}  I think he missed the whole thing geo

[08:45] {geo} ahhh

[08:46] {_jamie} Good morningVad

[08:46] {Threei}  morning jamie

[08:47] {geo} i logged in old room and left him the instructions link

[08:47] {Threei}  and I sent him e-mail

[08:47] {cosmo} do i have to download a new mIRC ?

[08:48] {Threei}  yes cosmo

[08:48] {geo} yeas i think

[08:48] {cosmo} k

[08:48] {Threei}  look for instructions at that page and follow them literally

[08:48] {Threei}  you'll be fine

[08:48] {i2romantis} any thoughts on palm today?

[08:48] {i2romantis} and morning everyone :)

[08:48] {Threei}  i2r :)

[08:50] {Threei}  not sure about PALM at this point

[08:50] {Threei}  its Fri high is 6.58

[08:50] {i2romantis} i have an overnight pos at 6

[08:50] {i2romantis} so I'll exit then

[08:51] {Threei}  if it consolidates close to that high for a while then breaks it with solid volume, that would likely indicate another leg up starting

[08:51] {Threei}  with overnight, your question to yourself is:

[08:51] {Threei}  self, did you want a gap or swing trade?

[08:51] {KSystems} Onix: i am trying to find it out, give me a few mins please

[08:51] {Threei}  if gap, you got it, take your profit and don't get too cocky

[08:52] {i2romantis} gap

[08:52] {i2romantis} k

[08:52] {Threei}  if swing, then let's see where your indications are for a) trade failure b) continuation

[08:52] {i2romantis}  ok

[08:52] {Threei}  and place stops and targets accordingly

[08:53] {i2romantis} one thing though, during premarket i'm not able to put an automatic stop, does your system allow you to do that?

[08:53] {Threei}  hmmm... anyone tried?

[08:53] {Threei}  I don't know, really... I rarely if ever use them even in normal trading

[08:53] {i2romantis} i'm out now

[08:53] {i2romantis} ok

[08:53] {i2romantis} thx vad

[08:54] {Threei}  my guess would be, stops limits should work

[08:54] {Threei}  stop markets, not sure

[08:54] {Threei}  because technically there is no market until it's open

[08:54] {i2romantis} true

[08:54] {Threei}  could be different for ECNs though, don't know

[08:54] {i2romantis} ok

[08:59] {Threei}  morning spotlight, welcome

[08:59] {_stoplight} thanks

[09:05] {Threei}  keep an eye on PALM, trying to make its way to Fri high

[09:05] {Threei}  DRYS, pullback is a bit too deep for my taste

[09:05] {Threei}  but we will see

[09:06] {Threei}  if those huge offers at 6.50 get taken on PALM, probably deserves a shot

[09:06] {dptl} with stop under .40?

[09:07] {Threei}  premarket is tricky thing

[09:07] {Threei}  I'd rather go for half lot and wider stop

[09:07] {dptl} mised it anyway

[09:07] {Threei}  breaking Fri high

[09:08] {fernp} Hello everyboy

[09:08] {Threei}  fern!

[09:08] {KSystems} Onix: You cannot change font size on-the-fly at the moment

[09:08] {Threei}  welcome back

[09:08] {fernp} thank you

[09:09] {dino} i2r, pre and after hours stop limits not allowed for me either

[09:09] {Onix} ty ks

[09:09] {dino} gm all

[09:09] {Threei}  morning dino

[09:09] {dino} this room only today

[09:09] {Threei}  did magoo get lost in cyberspace?

[09:09] {lisa_jay} Good Morning.

[09:09] {Threei}  lisa :)

[09:10] {Onix} hi lisa :)

[09:10] {lisa_jay} Hi Guys.

[09:10] {KSystems} Good morning everyone!

[09:10] {Threei}  ks :)

[09:11] {Threei}  anyone went for PALM, feel free to sell half or take scalp here

[09:12] {dino} magoo is lost in space

[09:12] {Threei}  sigh

[09:12] {dino} he's trying

[09:12] {Threei}  tell him his manner to ignore me finally caught up with him {G}

[09:13] {cosmo} getting lost?

[09:14] {Threei}  who partialled out, trail PALM balance stop to .45 and try to catch an exit on the next spike

[09:14] {Threei}  closer to .80

[09:18] {Threei}  dino... tell mago to use browser connection for now, he is trying to use old mirc and it connects him, naturally, to old room

[09:19] {KSystems} OK...replay is now working for mibbit users

[09:19] {Threei}  and while you are at it, can you put your elbow in his ribcage? I will owe you debt of gratitude

[09:20] {dino} lol

[09:22] {Threei}  want to skip first minutes after opening

[09:22] {brian3579} gm all

[09:23] {Onix} hi brian :)

[09:23] {Threei}  market feels like typical Monday so far - not sure what it looks like, looking at itself in the mirror, trying to remember its name and why it drank so much and with whome

[09:23] {Threei}  brian :)

[09:23] {Onix} :D

[09:23] {Threei}  wow

[09:23] {Threei}  magoo made it

[09:23] {Threei}  dino's elbow helped I bet

[09:24] {magoo} JESUS lol

[09:24] {Threei}  ese is still wandering the cyberspace

[09:24] {magoo} now what vad

[09:24] {magoo} MIRC?

[09:24] {Threei}  how about you get to it later?

[09:25] {Threei}  it's challenging... for the Monday morning hangover

[09:25] {i2romantis} probably because ese trying to use a diff nick?

[09:25] {magoo} i used to click an icon on my logup screen for old room

[09:25] {magoo} is that what i need to download?

[09:25] {Threei}  that;s how it will be when you onfigure new one

[09:25] {magoo} ok..later

[09:26] {Threei}  yeah

[09:27] {Threei}  watch DRYS here

[09:27] {Threei}  16.60 area is support

[09:27] {Threei}  if sels into it or sharply spikes lower, should be easy scalp

[09:30] {Threei}  quote from Oct 29:

[09:30] {Threei}  [12:23] {Threei} (RU) RUSSIAN AMBASSADOR TO EU: RUSSIA IS "TOO CIVILIZED" TO CUT OFF ENERGY SUPPLIES TO THE EU

[09:30] {Threei}  [12:24] {Threei} let's remember this 'too civilized"

[09:30] {Threei}  [12:24] {Threei} my prediction is, come winter we will have a few occasions to return to this sentence

[09:30] {Threei}  OK, DRYS

[09:30] {Threei}  prepare half lot entry

[09:30] {Threei}  next sharp spike down

[09:31] {Threei}  .55 long

[09:31] {Threei}  if stays above .40

[09:31] {Threei}  that ws fast

[09:31] {Threei}  no chasing

[09:31] {Threei}  if you missed it you missed it

[09:32] {magoo} i tried but moissed

[09:32] {Onix} missed it :/

[09:32] {geo} in .5 out .7

[09:32] {geo} nice vad

[09:32] {geo} wow

[09:33] {Threei}  a bit early out eh?

[09:33] {geo} against Q... Ill never understand drys

[09:33] {hawkfan4} thx vad, in .54, out .99

[09:33] {Threei}  wth hawk

[09:33] {geo} hehe hawk

[09:33] {Threei}  wtg

[09:33] {hawkfan4} :)

[09:33] {geo} using the laser eh?

[09:33] {hawkfan4} yep, love it

[09:33] {Threei}  and apparently loving it

[09:34] {Threei}  watching PLD, want one more pullback before breaking .50

[09:35] {Threei}  idea is to take half lot on .50 break with stop under .30

[09:36] {dptl} in .54

[09:37] {ese} hmmmmmm  i think i'm in

[09:37] {Threei}  yes, good morning

[09:37] {Threei}  half out PLD

[09:38] {Threei}  want to try and milk second half

[09:38] {Threei}  market strengthens, it has potential

[09:38] {dptl} out  ty

[09:38] {ese} long APWR .24 1/2

[09:38] {Threei}  missed DRYS pullback into 16.80... ugh

[09:40] {Threei}  PLD stop to .45 of course

[09:40] {Threei}  don't like this sharp drop in the market but like how PLD is holding... so still want to give it a chance

[09:42] {magoo} DRYS holds too

[09:42] {KSystems} out PLD

06[09:42] * geo feeling wierd

[09:42] {Threei}  out second half PLD

06[09:43] * geo is used to being kicked out a few times by now

[09:43] {Threei}  lol

[09:43] {KSystems} PLD - out 1/2 .70 - rest .45

[09:43] {Threei}  yes KS, that's the way to structure it

[09:43] {lisa_jay} HOLX salmon

[09:43] {Threei}  DRYS

[09:43] {Threei}  good pullback

[09:44] {Threei}  I'd love to get it closer to 16.80

[09:44] {Threei}  with this market drop we might just get it

[09:44] {Threei}  half lot, volatile opening

[09:45] {Threei}  in

[09:45] {Threei}  stop under .60

[09:45] {ese} stopped apwr-.23

[09:45] {Threei}  nope

[09:46] {dptl} stopped

[09:46] {Threei}  closer to .40 then

[09:46] {Threei}  fuirst strength from here

[09:47] {Threei}  got .35, stop under .20

[09:47] {magoo} .45 here

[09:49] {Threei}  offer half about .60

[09:50] {Threei}  feel free to take profit into this spike

[09:50] {Threei}  out .80

[09:50] {geo} drys is crazy

[09:51] {i2romantis} out.80

[09:51] {tomg} thanks vad

[09:51] {i2romantis} thx vad

[09:51] {Threei}  welcome guys, good reflexes

[09:51] {Threei}  and nice resolve

[09:51] {hawkfan4} nice vad

[09:51] {i2romantis} fast reflexes :)

[09:51] {Threei}  not always easy to re-enter stock that just stopped you out

[09:51] {Threei}  takes cold blood

06[09:52] * Threei in now known as lizard

[09:52] {Threei}  watch RIMM pullback

[09:52] {Threei}  interestingly strong

[09:52] {Threei}  stays green while all markets are red

[09:53] {Threei}  wow... that was a bit out of blue

[09:54] {ese} long apwr  .97 1/2 capitulation play

[09:54] {Threei}  too jumpy, can't get relaible read on it

[09:55] {ese} i know the feeling peter

[09:55] {Threei}  something isn;t very convincing about LEN defence in market eyes

[09:56] {Threei}  let's see where this bounce tops out

[09:56] {Threei}  maybe we can get nice short setup at 8.55

[09:56] {Threei}  .70 is resistance so far

[09:57] {Threei}  RIMM

[09:57] {Threei}  HEARING GOLDMAN MAKING POSITIVE COMMENTS (TIMING UNCERTAIN)

[09:57] {Threei}  broke .70... no setup for now

[09:58] {ese} out APWR .23 +.26

[09:58] {Onix} ;)

[09:59] {geo} drys JBE?

[10:01] {Threei}  well

[10:01] {Threei}  .85 break if stays above .70...

[10:01] {Threei}  somehow I am not delighted

[10:01] {geo} sigh

[10:01] {Threei}  ok, good, invalidated anyway :)

[10:02] {magoo} .40 seems like good support drys vad

[10:02] {Threei}  sometimes setup is formally there but it just doesn't feel right

[10:02] {Threei}  bands are tightening on it

[10:02] {Threei}  sharp move is coming

[10:02] {Threei}  and my feel is, down

[10:04] {Threei}  I would be looking for panic selling into .50 and just under for entry

[10:04] {Threei}  if it choses up from here, will let it go

[10:05] {magoo} rimm looks goiod here..opinion?

[10:06] {Threei} Consider Buying:  RIMM  .30 break if stays above .15, half lot

[10:06] {dptl} are you in?

[10:07] {Threei}  market is still donwticking

[10:07] {Threei}  don't want to enter against it

[10:08] {Threei}  invalidated

[10:09] {cosmo} HOLX

[10:09] {cosmo} salmon

[10:09] {Threei}  headfake RIMM

[10:09] {Threei}  whatever

[10:10] {Threei}  HOLX had news

[10:10] {Threei}  01/12/09 07:02am

[10:10] {Threei}  [HOLX] Hologic, Inc. Raises Q1 EPS guidance to $0.30-0.31 v $0.29e ($0.29-0.30 prior), cuts Rev guidance to $428-429M v $437Me ($441-443M prior)

[10:10] {Threei}  - The 3% decline in anticipated revenues from its initial guidance is principally due to reductions in revenues in Hologic''s Breast Health segment.

[10:10] {Threei}  - The Company attributes this decline primarily to cost pressures faced by hospitals, due to the worldwide economic instability which has resulted in longer sales processes and delays of capital equipment purchases.

[10:11] {Threei}  DRYS is getting there

[10:12] {Threei}  quick dive under .50

[10:13] {Threei}  OK... if not losing .40, can try .50 break, half lot

[10:14] {dptl} in

[10:15] {Threei}  this is one of those "if stopped be ready to re-enter on sharp drop"

[10:15] {Threei}  should be fine though, looks like it shook out enough

[10:16] {Threei}  GM

[10:16] {Threei}  CHEVY VOLT BATTERY TO BE MANUFACTORED IN US

[10:16] {Threei}  who makes those?

[10:17] {Threei}  come on already DRYS

[10:17] {Threei}  don't like it when it takes so long

[10:18] {dptl} nope

[10:20] {dptl} pld?

[10:22] {Threei}  not sure

[10:22] {Threei}  nothing shapes up on it

[10:23] {peterg} ok I'm in!

[10:23] {peterg} morning all

[10:23] {Threei}  morning peter

[10:23] {peterg} hmm. everybody's type is blue but mine

[10:23] {_jamie} "How dry I am..."

[10:24] {Threei}  DRYS double bottom, who is up to try

[10:24] {Threei}  .80

[10:24] {peterg} nope, vad is blue

[10:24] {Threei}  with stop under .65

[10:25] {Threei}  invalidated

[10:25] {_jamie} double bottom in what timeframe?

[10:25] {Threei}  1 min

[10:27] {Threei} Long Setup:  RIMM  .20 half lot

[10:28] {dptl} stop under 48?

[10:29] {Threei}  yup

[10:29] {dptl} in .22

[10:31] {Threei}  stop to under .10 RIMM

[10:32] {i2romantis} PLD, what a nice move

[10:32] {Threei}  DRYS too

[10:32] {_jamie} excellent call on drys

[10:32] {Threei}  missing a bit too many of those today

[10:33] {Threei}  mised its reversal actually

[10:33] {magoo} wippy vad

[10:33] {ese} that was a nice move by pld romanis.....were you in

[10:35] {dptl} stopped rimm

[10:35] {i2romantis} nope

[10:35] {i2romantis} was watching it

[10:35] {Threei}  yeah, tightened stop was a good idea

[10:35] {Threei}  look at it now

[10:35] {dptl} yeah

[10:35] {Threei}  if it wanted to work, it should have worked much sooner

[10:37] {_wizeman} test

[10:37] {Threei}  passed

[10:40] {Threei}  can't get a rythm today

[10:40] {Threei}  eithere there is none or I am overrelaxed on weekend

[10:41] {Threei}  not sure which it is but it must be magoo's fault

[10:42] {i2romantis} PALM is pretty low

[10:47] {Threei}  it's likely to make double bottom if market finally establishes upward direction

[10:47] {ese} long APWR .11 full lot

[10:48] {i2romantis} waiting for it

[10:48] {Threei}  first bottom was just outside of lower band

[10:48] {Threei}  if second remains inside, 6 is holding, market reverses...

[10:48] {i2romantis} k

[10:48] {Threei}  all those conditions are needed

[10:49] {Threei}  STKL?

[10:49] {i2romantis} wow, that was huge on stkl

[10:49] {Threei}  I don't see news

[10:50] {Threei}  .13 was last high on the bounce on PALM

[10:51] {dptl} so .14 long?

[10:51] {Threei}  looks like

[10:51] {i2romantis} lower high, waiting for second bottom

[10:51] {i2romantis} maybe this is it

[10:52] {i2romantis} i'm already in, looking to add

[10:55] {KSystems} are you calling this, vad?

[10:56] {Threei}  do I have to?

[10:56] {KSystems} ;)

[10:56] {Threei}  well, if we get market spike, it should work for a scalp

[10:56] {_jamie} no....to me palm isn't happening yet...I want it to...

[10:58] {dptl} in .13 stop under 6

[11:04] {wishbone} ydtysryuayau

[11:04] {Threei}  you think?

[11:04] {hawkfan4} exactly

[11:04] {_stoplight} agreee

[11:04] {wishbone} lol

[11:05] {Threei}  quite yawny market today

[11:05] {_jamie} I'm bored

[11:08] {fernp} I'm short in HBAN 6.40 . Vad, do u think can toucj 6.00 or is too optimistic?

[11:09] {Threei}  if market continues dropping, most likely

[11:09] {fernp} ty

[11:09] {Threei}  if you have enough shares, protect ha;f

[11:09] {Threei}  half

[11:09] {fernp} i did it

[11:09] {Threei}  :)

[11:09] {Threei}  nice entry

[11:15] {Threei} Long Setup:  AMZN  53 break if stays above 52.80, half lot

[11:19] {magoo} vad, if amzn goes prob rimm too correct?

[11:19] {magoo} same conditions

[11:19] {dino} deck decked

[11:19] {Threei}  likely, yeah

[11:20] {Onix} :D

[11:20] {Onix} dino

[11:21] {Threei}  see that big offer at .98 AMZN?

[11:21] {Threei}  that's your indication

[11:21] {Threei}  if taken, grab it

[11:22] {Threei}  market still looks like cow on ice

06[11:22] * geo wonders where vad saw that in real life

[11:22] {_jamie} yeah vad doesn't the bad indexes call the long trade into question?

[11:22] {i2romantis} lol, never seen a cow on ice 

[11:23] {i2romantis} unless it's a disney presentation

[11:23] {Threei}  jamie... not if you find a stock that is holding strongly while market drops

[11:23] {Threei}  notice how AMZN stopped going down with market

[11:23] {_jamie} Yeah AMZN looks great...I have an order form all filled out.   I never saw a cow on ice but I saw a coked up bull in a Peruvian Bullfight.

[11:24] {Threei}  order form? gosh, what do you use for a broker?

[11:24] {_jamie} scottrade 

[11:24] {_jamie} is it a long yet for us or what?

[11:25] {Threei}  it hasn't triggered yet

[11:25] {geo} order form hmmmmmm

[11:25] {Threei}  needs to take that fat offer at .98

[11:26] {_jamie} i see

[11:27] {dptl} in 53

[11:27] {Threei}  here we go

[11:27] {dino} still trying to picture that coked up bull

[11:28] {Threei}  no shaking out AMZN, okay?

[11:28] {wishbone} stop?

[11:28] {Threei}  under .80

[11:28] {wishbone} ty

[11:29] {i2romantis} me too on coked up bull

[11:29] {Threei}  oh come on

[11:30] {Threei}  what is it, day of fakeouts today?

[11:30] {_jamie} blooduckera

[11:30] {Onix} :s

[11:30] {Threei}  sheesh

[11:30] {KSystems} rude

[11:31] {dptl} damn   stoped -.25

[11:31] {dino} afam holding well today

[11:31] {dino} rate goes +

[11:31] {Onix} my head is all bumpy & lumpy from all the hits on it by the market this morning!

[11:31] {dino} these have been killed over last 4 days

[11:31] {_jamie} !Bloodsuckers!

[11:32] {dino} sookie

[11:32] {Threei}  I guess we had it too good for too long, market has to win sometimes too

[11:32] {peterg} everytime I hit mouse, IRC window disappears. Comes back when I click onit

[11:32] {Onix} :D

[11:33] {Threei}  tell it to stay on top, peter... right click on the top blue bar

[11:33] {Threei}  check On top line

[11:33] {dino} 3i, imo, same as last 4 months window dress last week each month, week 2 destroy them. been happening since september

[11:33] {KSystems} hes on mibbit vad

[11:33] {Threei}  oh... he said IRC

[11:35] {dino} 9000-8300s

[11:35] {i2romantis} palm couldn't take the beating

[11:35] {wishbone} peterg

[11:36] {peterg} yah?

[11:37] {wishbone} jmb recommended keep windo w on top @ http://www.delayedreaction.com/freestuff/index.html

[11:37] {peterg} back soon

[11:40] {Threei}  DRYS

[11:40] {Threei}  .50 support, see if you can get it closer to it

[11:41] {Threei}  fernp got his 6 on HBAN

[11:43] {lisa_jay} ?

[11:44] {Threei}  he was short it from 6.40 lisa

[11:44] {Threei}  ask if it had a shot at 6

[11:45] {lisa_jay} the auto away is kicking in..i am still here.

[11:45] {Threei}  what's autoaway?

[11:45] {dino} -7% s&p since wed, 7% ndx, 6.2% dji 

[11:45] {Threei}  fernp... covered your HBAN?

[11:46] {fernp} yes 6.05

[11:46] {Threei}  :)

[11:46] {KSystems} are you catching drys here vad?

[11:46] {dptl} are you in drys Vad?

[11:46] {Threei}  if holding .59, .56 is long

[11:47] {Threei}  if holding .50 that is

[11:48] {dptl} got .57

[11:50] {ese} right shoulder forming of inverted head and shoulders pattern on indexes..... imo  

[11:50] {Threei}  sigh

[11:50] {dptl} stopped

[11:50] {KSystems} stopped

[11:50] {ese} daily charts

[11:50] {Threei}  things are simply wrong today

[11:51] {ese} yep...would agree with that

[11:52] {ese} although it's a slow sell down.......not many majors left to sell i don't think

[11:53] {ese} correct me if i'm wrong....indexes up against the upper1/3 of their 3 month ranges range

[11:53] {ese} ranges range???

[11:54] {Threei}  lol PALM

[11:56] {i2romantis} i sold PALM and got back in with lower pos at lower $

[11:56] {i2romantis} PALM is showing good strength compared to market drops

[11:59] {dptl} can't beleive that drys 

[12:07] {Threei}  what about now?

[12:07] {magoo} vad, news FSLR??

[12:07] {Threei}  nothing freshj

[12:08] {KSystems} welcome to the gang, elepet!

[12:09] {dino} fslr down on oil imo

[12:09] {dptl} holx?

[12:11] {dino} eps up, and upgrades

[12:19] {Threei}  market tune seems to be changing

[12:20] {magoo} in genral as bad..or in today as bounce?

[12:20] {Threei}  today as bounce

[12:20] {magoo} ok..ty

[12:22] {magoo} market hasnt bounced in years

[12:22] {dino} gaps dji 8487, ndx 1177 s&p 870 area

[12:22] {magoo} will never ever go up again

[12:22] {dino} 12/30

[12:24] {dino} not until those gaps fill magoo

[12:25] {magoo} u may be correct dino

[12:27] {elepet} hello everybody.

[12:27] {Threei}  hi elepet, welcome back

[12:27] {_jamie} :D

[12:28] {elepet} why does this look different? is it better than MIRC?

[12:28] {Threei}  just another way to connect new room

[12:28] {Threei}  to use mIRC you need to configure it

[12:29] {Threei}  instructions are on the website, right under instructions you used to get here

[12:29] {i2romantis} i still use mirc, bought it actually, i prefer using mirc

[12:30] {geo} same here.. they were oferring a 10 dollar one time lifetime

[12:30] {Threei}  ok... going to start trying again

[12:30] {Threei}  .30 break DRYS if holding above .20

[12:30] {dptl} in

[12:31] {magoo} in

[12:31] {KSystems} in .32

[12:33] {Threei}  over 1:1

[12:34] {magoo} vad..w/drys u looking much more than that right?

[12:34] {dptl} half out

[12:34] {Threei}  yes mags, but protecting half

[12:34] {Threei}  today is too brutal shakeouts wise

[12:34] {magoo} i mean..could go over 16

[12:35] {Threei}  if market recovers for real, it can

[12:36] {KSystems} it worked this time....entry i mean ;)

[12:37] {Threei}  if you are comfortable, try to start exiting closer to .60

[12:37] {ese} signing off see ya'll tamara.....

[12:38] {Threei}  take care ese

[12:38] {ese} is there any particular way to og out

[12:38] {ese} log out

[12:38] {KSystems} yes ese

[12:38] {KSystems} takes a few hours

[12:38] {KSystems} if you dont wanmt to go through that procedure

[12:38] {ese} how do you mean

[12:38] {KSystems} just close the window :)

[12:39] {KSystems} no really, just exit

[12:39] {ese} tks

[12:39] {KSystems} take care

[12:39] {larisa} no trout in mibbit ? :)

[12:39] {Threei}  half out magoo

[12:39] {Threei}  please?

06[12:40] * Threei slaps magoo around a bit with a large reminder of risk control

[12:40] {KSystems} hrmmm larisa

[12:40] {KSystems} good point

[12:40] {KSystems} I'll add one

[12:41] {larisa} lol, I actually wanted to slap you gently, so may be you do not want to add it :)

[12:41] {Threei}  guys, it's all well and nice to hunt for a big bounce on such stock as DRYS, it often gives such opportunities... but do protect partial profits

[12:42] {Threei}  move from .30 to over .50 is not a small feast for such brutal day

[12:43] {magoo} how u get as slap?

06[12:43] * geo slaps magoo around a bit with a large trout

[12:43] {geo} like this

[12:43] {Threei}  see? easy

[12:43] {geo} i love this...

[12:43] {magoo} do i need to be in the mirc?

[12:43] {Threei}  disarmed magoo? :)

[12:43] {geo} magoo is unarmed

[12:43] {magoo} yep

06[12:43] * dptl slaps magoo around a bit with a large trout

[12:43] {geo} mirc magoo

[12:43] {geo} intructions posted

[12:43] {magoo} ooh n

[12:44] {Threei}  see how quickly those profits can evaporate?

[12:44] {i2romantis} vad was right on DRYS, nice

[12:44] {geo} thanks guys... lost some today.... distraceted.... have a great day

[12:44] {dino} dino will post "slap" when needed

[12:45] {Threei}  take care geo, gotta give back some now and then

[12:45] {geo} yup

[12:45] {Threei}  first losing day this year

[12:45] {Threei}  third since Nov 15

[12:45] {Threei}  lol

[12:45] {KSystems} hey its not even over yet

[12:45] {Threei}  true also

[12:45] {Threei}  I just have written it off

[12:46] {dino} cya geo

[12:46] {Threei}  and if it gives recovery chance, great

[12:46] {Threei}  if not, in my mind it's already accepted

[12:46] {_jamie} Pas de problème ..... c'est un étrange marché.

[12:47] {Threei}  oh great

[12:47] {Threei}  now I have to learn french?

[12:47] {_jamie} hehehe

[12:47] {Threei}  no chance in da world

[12:47] {Threei}  I learn one new language every 40 years

[12:47] {KSystems} LOL

[12:47] {Threei}  next one will be in 28

[12:49] {_jamie} I'm uni-lingual.

[12:49] {Threei}  btw, stop on DRYS balance is just under .30 now

[12:52] {Threei}  if market continues recovery, aim to exit 1/4 more DRYS above .60,

[12:52] {KSystems} Hi cujo

[12:52] {_cujo} hello

[12:52] {KSystems} welcome!

[12:52] {_cujo} thanx

[12:52] {Threei}  stop under .30 protects from loss at this point

[12:52] {_cujo} how are things going today}

[12:52] {_cujo} ?

[12:53] {Threei}  worst case scenarion, you got profit on half lot, stopped about breakeven on another half

[12:53] {Threei}  not stellar cujo

[12:53] {Threei}  but welcome to the room nonetheless

[12:54] {brian3579} hal

[12:54] {brian3579} sorry wrong window

[12:55] {Threei}  I bet chaeron is logged in old room and looks around in bewilderment

[12:58] {magoo} thats what i did

[12:58] {Threei}  F

[12:58] {Threei}  CFO: SEES GOOD CHANCE FOR US AUTO SALES RECOVERY IN SECOND HALF OF 2009

[12:58] {Threei}  {GM}

[12:58] {magoo} then even new room was just me lol

[12:59] {Threei}  that was old one mags... you just didn't recognize it with all the furniture moved out

[12:59] {_cujo} sry, new here.  What is the diff between Discussion 25 and floor 24?

[13:00] {Threei}  i2r, you still holding PALM?

[13:00] {Threei}  #discussions is where we all talk, cujo

[13:00] {Threei}  #floor is where my comments are being echoed, with no chatter

[13:00] {_cujo} got it.  thanks. 

[13:00] {Threei}  so if you need to track down some call, you have less scrolling to do

[13:01] {elepet} is there anything else on the table besides DRYS?

[13:01] {Threei}  not at the moment

[13:02] {elepet} o.k. so i didn't miss anything.  When the market is like this does anyone short anything?

[13:02] {Threei}  we had one inmind but it never triggered

[13:02] {Threei}  well it did actually but invalidated setup first

[13:02] {Threei}  LEN

[13:03] {Threei}  it performed admirably for us on Friday on short side

[13:06] {magoo} ive been studying DRYS..seems its first move at open always pushes WAY farther than scalp..usually thruwhole number  and fails in ..30 are

[13:06] {Threei} Short Setup: HIG  14.94 half lot if stays below 15.10

[13:06] {magoo} then a dissappointer most of rest of dayt

[13:08] {Threei}  invalidated

[13:11] {magoo} i truly miss when we could count on a 300 point reversal

[13:14] {elepet} Is there anyway or making this screen smaller by minimizing all the  green space on the left but keeping the message space wide?

[13:16] {dptl} agu?

[13:17] {Threei}  can't tell dp, this kind of setups snaps back too often today

[13:17] {i2romantis} PALM out +.2

[13:17] {dptl} i see

[13:17] {Threei}  wtg i2r

[13:22] {Threei}  FED'S LOCKHART: IT WOULD BE A STRETCH TO CALL FED POLICY "AN INDUSTRIAL POLICY"

[13:22] {Threei}  who is calling it that?

[13:22] {Threei}  we are caling it idioticv policy

[13:22] {Threei}  so yeah, to call it industrial would be a stretch

[13:22] {Onix} :D

[13:24] {fernp} CSCO in short, vad?

[13:25] {Threei}  well, it's likely to drop is market does... but there is not much of a play on its own merits

[13:25] {Threei}  is = if

[13:27] {fernp} 10 cents stop. worth a try

[13:38] {_jamie} today is so blah

[13:38] {Threei}  truer words were never spoken

[13:39] {Threei}  what can you say about the market where the best peforming stock from its opening price is SAY

[13:39] {dino} indeed

[13:40] {_cujo} Vad, what do you see in RIMM? 

[13:40] {fernp} out CSCO +.10 

[13:40] {Threei}  wtg fern

[13:40] {fernp} quick scalp

[13:40] {Threei}  nothing really cujo, it follows the market second half of the day

[13:41] {_cujo} got ya

[13:41] {Threei}  started out strong, then fizzled out

[13:41] {fernp} market helped

[13:42] {Threei}  even USO, notoriously volatile one is locked into relatively narrow range today

[13:44] {Threei}  hmmm

[13:45] {Threei}  as soon as I noticed it, it started moving

[13:50] {Threei}  OK guys, I will operate under working assumption that we start a bit more serious bounce now

[13:50] {Threei}  watching RIMM for long on pullback closer to .50

[13:50] {Threei}  and DRYS for consolidation and break of .50

[13:52] {Threei}  USO pulled back from 31.20

[13:53] {Threei}  small shares for bounce

[13:53] {Threei}  volatile one, don't oversize it

[13:53] {KSystems} right here?

[13:53] {Threei}  on market strength, if holding above .90

[13:55] {dptl} got .07

[13:55] {KSystems} .07 here as well

[13:57] {Threei}  RIMM didn't give a chance

[13:58] {Threei}  sharp down market

[13:59] {dino} 2:00 area, been going down

[14:00] {dptl} got out uso

[14:00] {Threei}  RIMM is getting there but wait for market to show bounce

[14:00] {_cujo} ok

[14:00] {Threei}  GM

[14:00] {Threei}  NORTH AMERICAN SALES CHIEF: EXPECTING 500 FEWER DEALERS IN 2009

[14:00] {Threei}  yikes

[14:01] {Threei}  FED'S KROSZNER RESIGNS, EFFECTIVE JAN 21

[14:01] {Threei}  is that why matket got upset?

[14:02] {dino} dji filled

[14:02] {_jamie} enuff already

[14:03] {KSystems} uso stopped

[14:07] {dino} c{6

[14:08] {fernp} DELL short? or too extended downside

[14:08] {Threei}  same thing as with CSCO

[14:10] {fernp} don't like it too much. I'll pass

[14:11] {Threei}  yeah, this is kind of uncertain point in a very uncertain day

[14:11] {Threei}  tough to commit on any side

[14:11] {Threei}  market was totally ready for bounce when this wave of selling hit

[14:11] {dino} s&p pretty much filled

[14:11] {Threei}  and it looks news-caused

[14:12] {fernp} Yes, better be in the safe side. (just looking) :-)

[14:19] {elepet} what's happening with drys?

[14:19] {Threei}  just jumping up and down with not much rhyme or reason

[14:23] {dino} ok s&p

[14:23] {_jamie} goodnight Irene

06[14:26] * Threei slaps laserdave around a bit with a large reminder to read his e-mails

[14:26] {laserdave} howdy

[14:26] {Threei}  very well, thank you

[14:27] {Threei}  confess... have you gone to the old room and looked around thinking where we became invisible or you were still too drunk to see us?

[14:29] {Threei}  or magoo was all alone under the palm tree we forgot in the corner?

[14:29] {laserdave} yup i got to admit it

[14:30] {Threei}  must be quite an experience... mkind of sci-fi or horror movie about the end of the world

[14:30] {Threei}  you wake up, population's gone

[14:31] {Threei}  just couple zombies wandering the streets

[14:36] {larisa} laserdave please see DCC 

[14:36] {i2romantis} DRYS sm l .9

[14:38] {Threei}  i2r... that's not fair

[14:38] {Threei}  you got the stock 1 cent above day low

[14:39] {Threei}  if you continue to trade like this, market won't come out and play with you tomorrow

[14:39] {i2romantis} hey, we'll see what it does and figure out if it's fair :)

[14:39] {Threei}  gosh, you already got over 20 cents profit

[14:40] {Threei}  whatever it does next, you got good play on your hands

[14:40] {i2romantis} ty

[14:41] {Threei}  dave, dcc please

[14:44] {larisa} with this market PLD can actually get to Merrill's target of 11 and we did not believe his downgrade :)

[14:47] {dino} - 7% dji from tues.

[14:47] {dino} which was the high for jan, dec., and nov.

[14:48] {dino} well, more like the highest high in  months

[14:48] {Threei}  actually I don't mind such pullback

[14:48] {Threei}  more upside for us when market resumes

[14:49] {Threei}  as Bob Farrell said,

[14:49] {Threei}  Bull markets are more fun than bear markets

[14:49] {dino} agreed, still in buy dips(8300-8400) sell rips (9000) mode

[15:03] {i2romantis} DRYS +.32 out

[15:04] {Onix} gj :)

[15:06] {dino} gj i2r

[15:07] {i2romantis} thx :)

[15:07] {i2romantis} one more test, DRYS .08 very sm l

[15:08] {Threei}  good pullback, should be one more scalping opportunity as soon as market recovers

[15:08] {Threei}  same for PLD

[15:08] {i2romantis} stop under .85 for DRYS

[15:09] {i2romantis} PALM, very nice pullback

[15:10] {Threei}  F

[15:10] {Threei}  MARKETING CHIEF: FIRST TWO WEEKS OF THE YEAR HAD STRONGER-THAN-EXPECTED SALES

[15:10] {Threei}  what did they expect, to sell 2 cars a week?

[15:10] {Threei}  and sold 4?

[15:11] {magoo} .

[15:11] {i2romantis} lol

[15:11] {larisa} you are so mean

[15:11] {Threei}  I am

[15:11] {Threei}  how is it news for anyone?

[15:11] {KSystems} again, she wishes she could slap

[15:12] {larisa} I can now KS :)

[15:12] {KSystems} darn

[15:12] {Threei}  lol

[15:12] {dptl} pld .20?

[15:12] {Threei}  nah

[15:13] {Threei}  I prefer to buy this kind of bounces clower to support

[15:13] {Threei}  it was a play around .10 but kind of impossible to call

[15:15] {i2romantis} PALM, no takers?

[15:17] {Threei}  took .92 but for scalp only

[15:17] {i2romantis} good call

[15:18] {Threei}  out for measly 10 cents

[15:20] {Threei}  took DRYS .75

[15:20] {Threei}  stop is under .70

[15:21] {Threei}  ah come on, at least tag .90 or above

06[15:22] * Threei is kicking DRYS in the rear with heavy duty army boots

[15:22] {i2romantis} it listens to you 

[15:22] {Threei}  it better

[15:22] {KSystems} or else!

[15:22] {dptl} got .78

[15:23] {i2romantis} target?

[15:24] {Threei}  offering half .90

[15:24] {Threei}  hard to believe that 15 cents is "too greedy"

[15:25] {Threei}  we have famous dino bounce at 3:40

[15:25] {Threei}  maybe it helps

[15:26] {Threei}  if takes .88, should jump

[15:27] {Threei}  big if, eh?

[15:27] {dino} ouch pot

[15:27] {Threei}  yeah, -10

[15:27] {Threei}  and counting

[15:29] {dptl} am out drys

[15:33] {Threei}  ok dino

[15:33] {Threei}  let's start your bounce

[15:33] {Threei}  or not today?

[15:33] {KSystems} stopped drys

[15:34] {Threei}  lol, even asking for 15 cents was too much

[15:35] {dino} not betting on 3:40 bounce, the grind down to syeady imo

[15:35] {dino} steady

[15:35] {Threei}  yeah, looks like today no such thing as up

[15:36] {dino} slow bleed

[15:36] {dino} would like to see 8364, 1158, 857 hold

[15:36] {Threei}  in .46

[15:37] {Threei}  no way

[15:37] {i2romantis} in .41, stop below 25

[15:37] {i2romantis} wow

[15:37] {dino} otherwise back to dec lows around 8118,1096,818

[15:38] {Threei}  whatever

[15:38] {Threei}  this day is irrepairable

[15:38] {i2romantis} out

[15:38] {i2romantis} lol

[15:39] {dptl} yeah.....have a good evening all

[15:39] {Threei}  take care dp

[15:39] {dino} cya dp

[15:44] {Threei}  what can I say... this day was ours to lose, and we did our best

[15:44] {larisa} lol

[15:44] {_cujo} tough day all around.  See you all tomorrow AM. 

[15:45] {Threei}  take care cujo

[15:45] {KSystems} seeya cujo

[15:45] {dino} later cujo

[15:46] {Threei}  great... not this slimy thing staged decent bounce

[15:46] {Threei}  not = now

[15:46] {i2romantis} dino's bounce was not on schedule :)

[15:47] {Threei}  yup... must be magoos' fault somehow

[15:47] {dino} 30 pts or so, just late

[15:47] {i2romantis}  do you see it going to 15 or staying mid 14s?

[15:47] {Threei}  today?

[15:47] {dino} in should just come in at 3:30

[15:48] {Threei}  we have 13 minutes left

[15:48] {dino} in=i

[15:48] {dino} mygn spike

[15:48] {i2romantis} PALM seems ok too, no? we'll see

[15:48] {Threei}  for overnight?

[15:49] {Threei}  I don't want to take anything home

[15:49] {Threei}  what's the need

[15:49] {i2romantis} no until 4 pm

[15:49] {dino} 50\

[15:49] {Threei}  10 minutes

[15:49] {Threei}  how much can this stock move in 10 minutes?

[15:50] {i2romantis} i have it at .2

[15:50] {i2romantis} need to recover some :)

[15:50] {Threei}  it's not DRYS, it's a generally slow one

[15:51] {Threei}  classic trap, DRYS... wears you out, then finally bounces

[15:52] {KSystems} sigh

[15:53] {Threei}  90 cents bounce

[15:53] {i2romantis} ok fully out

[15:53] {Threei}  shoot me now

[15:53] {i2romantis} not bad

[15:54] {dino} gj

[15:54] {i2romantis} and of course it jumps more ;)

[15:54] {i2romantis} overall plus today, i'll leave it that way :)  learning from you guys ;)

[15:54] {Threei}  if you learned from us today, you would be in minus

[15:54] {Threei}  what kind of student are you anyway

[15:55] {dino} lol

[15:55] {i2romantis} lol

[15:55] {i2romantis} kept my stops this time

[15:55] {larisa} he is contrarian learner :)

[15:55] {i2romantis} and it was a beauty

[15:55] {dino} gj i2r, i pretty much sat today out

[15:55] {i2romantis} ugly one at first

[15:55] {i2romantis} :)

[15:55] {i2romantis} wow

[15:55] {i2romantis} DRYS is insane

[15:56] {Threei}  it's great trader, I just got it all wrong today

[15:56] {magoo} ii hate DRYS:)

[15:56] {dino} would be nice if these were the "new" higher lows

[15:57] {wishbone} good nite all

[15:57] {Threei}  OK guys, I'll go to the wall calendar to criss-croos this day

[15:57] {Threei}  have a good evening, see you tomorrow

[15:57] {KSystems} you too vad

[15:58] {dino} cya wish

[15:58] {larisa} see you

[15:58] {KSystems} got something to digest tonight

06[15:58] * larisa slaps KSystems around a bit with a large trout

[15:58] {KSystems} there we go

[15:58] {KSystems} just what i needed

[15:58] {larisa} :)

[15:58] {nemo} Did I make it

[15:58] {Threei}  sure did nemo

[15:58] {Threei}  welcome

[15:59] {nemo} Bad penny shows up again

[15:59] {magoo} vad, how i set upmirc?

[15:59] {Threei}  ummm

[15:59] {Threei}  first, you need to know how to read...

[15:59] {nemo} I just went through it there's a pdf file, send email I'll send it to you

[15:59] {Threei}  then you go to the page with instructions...

[16:00] {Threei}  and follow it

[16:00] {magoo} wheres that?

[16:00] {Threei}  on the same page from which you connected

[16:00] {hawkfan4}  first, you need to know how to read...  Now i know why i couldn't figure it out

[16:01] {nemo} doesn't "magoo" mean "I can" in Russian?

[16:01] {Threei}  hawk... now, ask me how I know that was a requirement

[16:01] {Threei}  yes nemo

[16:01] {hawkfan4} how do you know that's a requirement

[16:01] {Threei}  'cause I didn't exactly fit?