Jan 13, 2009

Day started out nice, with a few good trades, notably ADBE short. Then things turned into repetition of yesterday so we cut down on activity. Took couple stops, took couple scalps - all in all, we could finish the day after first morning trades just as well.

Session Time: Tue Jan 13 00:00:00 2009

[07:08] {nemo} guten morgen

[07:55] {Threei}  Good morning sleepless souls

[07:56] {nemo} Age...

[07:56] {Threei}  yup

[07:56] {nemo} vodka

[07:56] {Threei}  nope

[07:56] {nemo} 5:00 am there?

[07:57] {Threei}  uhhu

[07:58] {magoo} morning

[07:58] {Threei}  mags :)

[07:58] {Threei}  (US) S&P REAFFIRMS USA SOVEREIGN RATING AT "AAA", OUTLOOK STABLE

[07:59] {nemo} guten morgen

[07:59] {nemo} Hah!  they must have had a gun to their heads

[08:00] {Threei}  magoo, managed to configure mirc?

[08:00] {magoo} i tried to get the mIRC up and running...i have an icon on screen but window pops up "about mIRC" evualation copy:30 days and a register /continue button

[08:00] {magoo} SORRY

[08:01] {Threei}  right, click continue

[08:01] {magoo} than window says unable to connect

[08:01] {magoo} i know i am computer illiterate, but i almost made it sigh

[08:01] {Threei}  sure, if you haven't configured it yet to connect this room

[08:03] {magoo} ok...i got a pop up  mIRC Favorites

[08:03] {magoo} enter channel name?

[08:04] {Threei}  maags... follow that pdf file instructions step by step

[08:04] {magoo} in all serious vad..i ap[oligize

[08:04] {magoo} but boy i want to get this figured out

[08:04] {magoo} i did

[08:05] {Threei}  I did it a bit differently since my mirc already had some configurations, so I had to change them rather than do anew

[08:06] {magoo} i could start anew and ask where i am confused

[08:06] {magoo} but i thik its here..see there isnt even this pop up in instruction.."mIRC FAvorites

[08:07] {magoo} anyone else get that window?

[08:08] {Threei}  just kill that wondow

[08:08] {Threei}  window

[08:08] {Threei}  and start from pouint 3 in instructions

[08:09] {magoo} alright

[08:09] {magoo} ill try again

[08:11] {Threei}  FED CHAIRMAN BERNANKE: FISCAL STIMULUS ALONE WILL NOT DRIVE A LASTING ECONOMIC RECOVERY, BUT STIMULUS COULD PROVIDE SIGNIFICANT BOOST TO ECONOMY

[08:11] {Threei}  - Other policy measures are needed to stimulate the economic recovery.

[08:11] {Threei}  - More government bank captial injections may be needed. Fed could purchase longer-term securities.

[08:11] {Threei}  - Asset-backed lending program will boost private lending. Program is scheduled to begin in February, 2009

[08:11] {Threei}  - It is not easy to set a target for Fed policy under these conditions, policy issues poses a communications challenge

[08:11] {Threei}  communications challenge eh?

[08:12] {Threei}  - Fed's policy approach differs from that taken by Japan in 2001-06

[08:12] {Threei}  - Must significantly shrink the Fed balance sheet quickly and automatically, shrinking the balance sheet won't be hard.

[08:12] {Threei}  - Fed credit facilities do not expose the Fed to very much risk. Will end credit facilities based on analysis of market conditions.

[08:12] {Threei}  - Inflation will likely moderate even more, sees little risk from inflation in near term.

[08:12] {Threei}  shrinking the balance sheet won't be hard - this I beloieve requires some additional explanations

[08:13] {nemo} yeah, merely a flesh wound

[08:17] {Threei}  BALTIC DRY BULK INDEX RISES +2.5%, SIXTH STRAIGHT INCREASE

[08:27] {magoo} man..having troubles

[08:27] {Threei}  what's happening?

[08:27] {magoo} im going to uninstall current mIRC

[08:27] {magoo} caught in loop

[08:27] {Threei}  that's always a good idea

[08:28] {Threei}  mirc copies settings from previously installed copy

[08:28] {magoo} i hate tis techno crap..give me a liquid cooled 2 stroke motor and ill rebuild it in an hour in the rain at the motocross track

[08:28] {magoo} but this stuff...UGGGGG

[08:30] {Threei}  NOV TRADE BALANCE: -$40.4 V -$51.0BE

[08:30] {Threei}  (CA) CANADA NOV INTL MERCHANDISE TRADE: C$1.3B V C$3.0BE

[08:35] {Onix} Good morning all

[08:35] {Threei}  onix :)

[08:36] {larisa} threei, onix good morning :)

[08:36] {Threei}  larisa :)

[08:36] {_cujo} morning

[08:36] {Threei}  cujo :)

[08:37] {Onix} hi larisa; cujo

[08:38] {_cujo} morning Onix.

[08:45] {Threei}  NASDAQ clawed its way back to almost breakeven

[08:47] {KSystems} magoo?

[08:48] {geo} Gm fellow speculators

[08:48] {geo} for those of you who want to highlight in mirc

[08:48] {Onix} hi geo

[08:48] {geo} right click on the username and click info

[08:49] {geo} then click the high light tab

[08:49] {KSystems} Magooooooooooooooooooooooooooooooooooooo

[08:49] {Onix} yes Vad, some early mornig strength somehow

[08:49] {geo} Clicka Add button and add the username

[08:49] {geo} you can choose sound and color them

06[08:50] * nemo slaps nemo around a bit with a large trout

[08:50] {_cujo} Thanks Geo.  Appreciate the help. 

[08:50] {geo} sure thing

[08:51] {Threei}  geo :)

[08:51] {KSystems} good one geo, didnt even know it was there

[08:51] {geo} yeah thats the primary reason i use mirc

[08:51] {geo} have a sound alert oon vad

[08:51] {KSystems} i mean the fact that is was located THERE, so easy to reach

[08:52] {KSystems} i always clicked my fingers bloody before i found it

[08:52] {geo} yeah they moved it from the old one

[08:52] {geo} exactly :)

[08:53] {cosmo} ZGEN

[08:54] {cosmo} ...pulling back

[08:54] {cosmo} 5.20 pre mkt high

03[08:54] * Looking up KSystems user info...

[08:57] {dptl} good morning all

[08:58] {Threei}  dp :)

[08:59] {magoo} i got another issue, be back in a half

[09:00] {KSystems} if you still need help with mirc then, dcc me magoo

[09:00] {KSystems} OK good morning everybody :)

[09:00] {Threei}  KS :)

[09:02] {KSystems} geo any progress with hydra?

[09:02] {geo} actually i gave up :)

[09:02] {Threei}  yeah... geo cut off all her heads

[09:02] {KSystems} oh ok

[09:03] {geo} some things needed to be done by editing xml files....

[09:03] {KSystems} wow

[09:03] {geo} so i switched to mirc

[09:03] {Threei}  so far, 4 days on a new server, no single disconnect

[09:03] {geo} sorry had told vad... should have to ld you too

[09:03] {Threei}  let's acknowledge great work by KS

[09:03] {fernp} hello everybody

[09:03] {geo} hiya fern

[09:03] {geo} long time

[09:03] {KSystems} hey fern

[09:04] {Threei}  although by no means we forfeit the right to slap him with trout and other heavy objects

[09:04] {Onix} hi dp; ks :)

[09:04] {Threei}  fern :)

[09:04] {fernp} yes

06[09:04] * KSystems slaps Threei around a bit with a large canon or nikon

[09:04] {fernp} working hard

[09:04] {geo} hey K

[09:04] {Threei}  I shoout with Olympus, ks

[09:04] {geo} do your custom slaps work the same way in new mirc?

[09:04] {Threei}  yes geo

[09:05] {geo} cool

[09:05] {geo} umm which folder to put em in again?

[09:05] {nemo} ksystems-just don't use a Hasseblad!

[09:05] {cosmo} SP-565

06[09:07] * geo slaps Threei around a bit with a large trout

[09:08] {geo} dissapointed...

[09:08] {Threei}  US SEN LEVIN: REQUESTING APPROX $1.0B IN FEDERAL AID FOR DEVELOPMENT OF CAR BATTERIES

[09:08] {Threei}  - note: Levin is a Democratic Senator representing Michigan{GM F ABAT HIT JCI HEV ALTI}

[09:08] {wishbone} morning all

[09:08] {Threei}  wish :)

[09:08] {KSystems} i dunno geo, you have to replace a file with it

[09:09] {Threei}  note the list of stocks related to battery issue

[09:09] {geo} yeah did something wrong

[09:09] {geo} will figure out after mkt hrs

[09:09] {Threei}  some potential players in that list at some point

[09:12] {elepet} good morning all. 

[09:12] {Threei}  elepet :)

[09:13] {_cujo} morning elepet

[09:13] {Onix} hi fer; wish; elepet :D

[09:13] {elepet} is there any way to make this more readable..change color etc

[09:13] {Threei}  guys,, things got finalized for the Bahames conference

[09:14] {Threei}  go to our homepage, click on a banner to read final agenda, dates, costs etc

[09:14] {Threei}  elepet, for familiar look go with mirc

[09:15] {fernp} my router CISCO doesn't allow mirc services

[09:16] {fernp} incredible but true

[09:16] {fernp} there are a lot of forums about this topic, but no solution at the moment

[09:16] {Threei}  wow

[09:16] {fernp} old versions are supported

[09:16] {geo} personal router cisco fern?

[09:16] {geo} or linksys

06[09:16] * Threei sends fernp a hammer and linksys router

[09:17] {fernp} CISCO ATLANTA

[09:17] {geo} llinksys is owned by cisco vad :)

[09:17] {Threei}  whatever... it doesn't mind mirc :)

[09:17] {Threei}  be back in 5

[09:18] {elepet} I tried mirc and it said i wasn't registered.

[09:21] {elepet} and for some reason, i can't keep this window and my broker open at the same time.  It was so much easier as a trial member.  

[09:22] {Threei}  install fresh mirc and configure it according to websiote isntructions... it will work

[09:22] {KSystems} elepet: in order to use mirc, you'll have to follow the pdf doc on the RT website

[09:22] {cosmo} pdf?

[09:24] {KSystems} http://www.realitytrader.com/mIRC%20room%20connection.pdf

[09:24] {Threei}  DNDN

[09:24] {Threei}  STRENGTH ATTRIBUTED TO RENEWED CHATTER THAT DNDN MAY ANNOUNCE A PARTNERSHIP WITH A BIG PHARMA COMPANY

[09:24] {Threei}  - LLY rumored as a potential partner

[09:25] {Threei}  NVDA

[09:25] {Threei}  CUTS Q4 REV -40-50% SEQUENTIALLY LOWER (IMPLYING $438.8-538M V $805.5ME)

[09:25] {Threei}  - Cites further weakness in end-user demand and inventory reductions by NVIDIA''s channel partners in the global PC supply chain.

[09:25] {cosmo} thx KS

[09:25] {ese} Ok......i think i like the option where i won't have to sign in.....can i still set that up vad?

[09:25] {Threei}  yes ese

[09:26] {Threei}  [09:24] {KSystems} http://www.realitytrader.com/mIRC%20room%20connection.pdf

[09:26] {Threei}  [09:24] {Threei} DNDN

[09:28] {dino} gm all

[09:28] {Threei}  dino :)

[09:30] {magoo} back

[09:31] {lisa_jay} .

[09:32] {wishbone} vad .....is replay working in this room?

[09:32] {Threei}  no

[09:32] {wishbone} does it work with mirc?

[09:32] {Threei}  no

[09:32] {Threei}  wow

[09:32] {Threei}  DRYS

[09:33] {Threei}  pullback to about 14.70 is of interest

[09:35] {larisa} PLD dollar bounce off bottom, missed it

[09:37] {Threei}  RIMM, watching for pullback entry around 46.40

[09:42] {Threei} Long Setup:  PLD  12 break

[09:42] {Threei}  if stays above 11.85

[09:42] {Threei}  GM

[09:42] {Threei}  VICE CHAIRMAN LUTZ: WE JUST CANNOT SELL SMALL CARS RIGHT NOW, PEOPLE ARE BUYING TRUCKS AGAIN

[09:42] {Threei}  - Falling oil prices are "messing up" hybrid development plans{F}

[09:43] {Threei}  isn';t it what we predicted a week ago

[09:43] {dino} lol

[09:43] {geo} 1:1

[09:43] {Threei}  PLD hit over 1:1 quickly

[09:43] {fernp} ty Vad

[09:44] {Threei}  welcome

[09:44] {Threei}  half out .24

[09:44] {Threei}  offering second half .35

[09:44] {magoo} out .25 TY boss

[09:45] {Threei}  stop just under 16

[09:46] {geo} all out .35

[09:46] {geo} thats vad

[09:46] {Threei}  out in full

[09:46] {wishbone} out pld .21, .34 ty vad

[09:46] {tomg} thanks vad

[09:46] {Threei}  good reflexes guy, break was fast

[09:46] {Threei}  but gave ample chance for entry as it danced back and forth around 12 after break

[09:47] {Threei}  so if you had an order 12.03, it would get hit in any case

[09:47] {KSystems} PLD - out 1/2 .15 - out 1/4 .35 - out rest .27

[09:47] {Threei}  RIMM got away

[09:48] {Threei}  pullback was a bit shallow

[09:48] {Threei}  and I really really didn't want to go for a break on it

[09:48] {magoo} drys too

[09:49] {magoo} Q too

[09:49] {magoo} heck they all went

[09:49] {Threei}  DRYS was for personal consumption so to speak

[09:49] {Threei}  meaning, if you got a feel for momo on it, it was p;ossible to play, but no way to call it

[09:50] {Threei}  time for pullback, market

[09:50] {Threei}  relax a little will ya

[09:50] {magoo} vad, qas temp stop gap here, how i get this room screen to stay on top of window..as in when i click reaklmoney this windsow is covered?

[09:50] {magoo} not mIRC here

[09:50] {Threei}  jmb suggested workaround last week

[09:51] {Threei}  wishbone, do you have url handy?

[09:51] {wishbone} yes one sec

[09:52] {wishbone} http://www.delayedreaction.com/freestuff/index.html

[09:53] {wishbone} download keep on top

[09:53] {Threei}  OK, finally some pullbacks

[09:53] {Threei}  NVDA

[09:53] {Threei}  7.60 zone for bounce scalp

[09:54] {wishbone} i put in system tray open trading sotware and mibbitt then run always on top and select program

[09:54] {wishbone} have to do every morning

[09:55] {magoo} i miss the old room hhe he

[09:55] {Threei}  ELN

[09:55] {Threei}  FIRM RUMOURS BEIGN DISCUSSED BY CNBC'S FABER

[09:58] {Threei}  ADBE

[09:58] {Threei}  short candidate

[09:58] {Threei}  want bounce into .80 or so

[09:59] {Threei}  if can't break .70 anymore, half lot short .63

[10:00] {magoo} u feeling lucky vad?

[10:00] {Threei}  hmm?

[10:00] {geo} he has trout

[10:00] {Threei}  OK, bounce it is

[10:01] {magoo} cant trout in the non mIRC correct?

[10:01] {magoo} how about dcc?

[10:01] {geo} missed

[10:01] {Threei}  stop above .90 ADBE

[10:02] {dptl} nvda?

[10:02] {Threei}  actually, want NVDA a bit lower

[10:02] {magoo} PLD pulls back

[10:02] {Threei}  doesn't feel safe unless goes closer to .40

[10:03] {Threei}  cover half ADBE

[10:03] {Threei}  scalpers take profit

[10:04] {hawkfan4} nice vad, thx

[10:04] {Threei}  :)

[10:04] {_cujo} out NVDA thanx Vad

[10:04] {geo} sniff

[10:04] {Threei}  whatcha got hawk? .77 here

[10:04] {Threei}  cujo :)

[10:05] {Threei}  ADBE balance stop to above .70

[10:05] {hawkfan4} beat me, .69 to .20

[10:05] {geo} ??

[10:05] {Threei}  ugh, missed PLD nice pullback

[10:05] {hawkfan4} adbe geo, in .69, out .20

[10:06] {geo} it went that low....

[10:06] {geo} hmmm

[10:06] {geo} gotta reset charts

[10:06] {Threei}  +.20?

[10:06] {hawkfan4} lol, i was trading amzn, sry :)

[10:06] {geo} wow you bottom ticked it

[10:06] {Threei}  lol

[10:06] {geo} oh ok

[10:06] {geo} lol

[10:07] {KSystems} omg

[10:07] {Threei}  you guys...

[10:08] {Threei}  risky one:

[10:08] {Threei} Long Setup:  EGLE  7.20 break

[10:08] {Threei}  volatile, can shake hard

[10:09] {KSystems} stop where?

[10:09] {Threei}  if dives sharply into 7, grab it for immediate snapback

[10:09] {Threei}  under 7 KS, but easy to get shaken

[10:09] {KSystems} yea

[10:09] {KSystems} ty

[10:10] {KSystems} in .23

[10:10] {_cujo} .22

[10:11] {dptl} did you get nvda?

[10:11] {Threei}  no

[10:11] {geo} target  vad?

[10:12] {Threei}  just play it by the book

[10:12] {_cujo} out .26

[10:12] {geo} wow cujo

[10:13] {Threei}  DRYS is kind of leading indicator for EGLE

[10:14] {fernp} EXPE long if break 8.95, Vad?

[10:14] {Threei}  a bit narrow

[10:15] {Threei}  but if market regains strength, likely to follow

[10:15] {fernp} ok

[10:16] {Threei}  half out EGLE guys

[10:16] {Threei}  a little bit under 1:1 but DRYS is pulling back

[10:16] {Threei}  want to protect profit on too volatile stock

[10:17] {Threei}  and decrease risk

[10:17] {Threei}  stop to .15

[10:17] {dino}  apol

[10:17] {wishbone} egle .10 ty vad

[10:18] {Threei}  ADBE stop for balance to just above .60

[10:19] {Threei}  should have covered near .40... missed it

[10:20] {Threei}  out ADBE in full

[10:20] {Threei}  .40, +.37

[10:20] {magoo} where u like DRYS vad?

[10:20] {Onix} wtg :D

[10:21] {Threei}  not sure mags

[10:21] {magoo} it left some scars from yesterday..understood

[10:21] {Threei}  market pulls back, ad DRYS tends to do exaggerated moves

[10:22] {Threei}  so, I'd say bounce off 15

[10:22] {Threei}  but at the moment it seems ridiculously far from here

[10:22] {Threei}  so I better not say anything for now :)

[10:23] {_cujo} PLD Vad?

[10:23] {_cujo} would you short here?

[10:23] {Threei}  PLD 11.50 zone for watch

[10:24] {magoo} market needs to decide here..up or down

[10:24] {_cujo} thanks

[10:24] {Threei}  short is kind of 50/50

[10:24] {geo} out elge

[10:24] {geo} EGLE

[10:25] {Threei}  covered ADBE a bit too soon

[10:26] {magoo} man..15 not out of questuon now

[10:26] {Threei}  here comes hard drop DRYS

[10:27] {Threei}  yeah, 15 doesn't look that ridiculous anymore, does it? :)

[10:27] {Threei}  don't jump oln these little bounces

[10:27] {Threei}  not worth the risk

[10:28] {magoo} i think EGLE leads

[10:29] {Threei}  SENATE MAJORITY LEADER REID: SENATE MUST VOTE ON TARP BY SUNDAY

[10:34] {Threei}  sharp drop is coming on DRYS it feels

[10:35] {Threei}  how about that for sharp drop

[10:35] {KSystems} and here comes 15

[10:37] {Threei}  and most likely under

[10:38] {Threei}  the way DRYS usually does it is, it comes into obvious support, makes a little bounce, not very profitable but tempting,

[10:38] {Threei}  than dives sharply under support, shaking out premature buyers... and jumps right back up

[10:41] {Threei}  what's with FRPT?

[10:41] {Threei}  52 week high

[10:42] {geo} hey vad

[10:42] {geo} laserdave slacking?

[10:42] {Threei}  astute observation:

[10:42] {Threei}  IMF'S STRAUSS KAHN: EXPECTING 'SHARP' FALL IN FORECASTS IN GLOBAL GROWTH

[10:43] {Threei}  what am I, lasredave's keeper

[10:44] {geo} AND WHY NOT?

[10:44] {geo} oops

06[10:44] * Threei slowly unholsters the trout

06[10:45] * geo pulls sushi knives out

[10:45] {wishbone} mmmmm....sushi

[10:45] {fernp} LMDIA breakout?

[10:46] {Threei}  only if stays above .50, and half lot

[10:47] {fernp} ty

[10:51] {ese} missed it but perfect ascending triangle 1min chart ILMN.......picture perfect...

[10:51] {fernp} PDLI on highs

[10:52] {dino}  algt sm l .00

[10:53] {fernp} out LMDIA +.10 

[10:53] {Threei}  :)

[10:53] {dino} decl sm l trig .00

[10:55] {dino} deck i mean

[10:57] {magoo} dino lol

[10:57] {magoo} i was wondering

[10:57] {Threei} Long Setup:  RIMM  .75 if stays above .60

[10:58] {magoo} in

[10:58] {KSystems} in

[10:58] {fernp} in

[11:00] {magoo} need naz bounce

[11:01] {dptl} in.75

[11:01] {Threei}  no worky

[11:01] {KSystems} stopped

[11:01] {fernp} stopped

[11:01] {_cujo} ditto

[11:01] {dptl} stopped

[11:02] {geo} out

[11:02] {magoo} out

[11:02] {lisa_jay} ESE can i dcc you please...thanks.

[11:05] {fernp} out PDLI +.10

[11:05] {Threei}  nice steady scalping fern

[11:06] {fernp} you taught me

[11:06] {magoo} what size femp

[11:06] {magoo} 1k

[11:06] {fernp} no, 300

[11:07] {magoo} ok..ty

[11:07] {magoo} egle lead drys that time

[11:09] {ese} early day...see you all tomorrow

[11:09] {Threei}  take care ese

[11:09] {magoo} bye ES

[11:09] {fernp} bye ese

[11:11] {Threei}  NY JUDGE REPORTEDLY DISMISSES AMAZON SUIT OVER NY STATE INTERNET TAX COLLECTION

[11:12] {dino} algt stopped

[11:20] {Threei}  waiting out uncertain period

[11:20] {Threei}  morning worked nicely, even with all the restrains I put on my calls in order to minimize the risk,

[11:21] {Threei}  right now we are in period of stops accumulation if continue pushing

[11:22] {geo} flat here...

[11:22] {dptl} masi?

[11:22] {Threei}  Chaeron!

[11:22] {geo} mised the adbe which was a killer

[11:22] {Threei}  you found us

[11:22] {geo} hiya chaeron

[11:22] {KSystems} same here geo

[11:22] {Threei}  ADBE was fairly easy trade...

[11:22] {Chaeron} hey all... sorry about yestereday. Been so swamped

[11:22] {magoo} cjia broil:)

[11:23] {Threei}  bounced right into resistance, stalled...

[11:23] {Threei}  yeah right... you just couldn't figure out where we went

[11:24] {magoo} i miss old room

[11:24] {Chaeron} yeah well, you tried hiding but Larisa pointed which way you went

[11:24] {Threei}  I can see you standing in the middle of empty room, looking around

[11:24] {Chaeron} ditto magoo

[11:24] {magoo} i cant dcc..cant slap

[11:24] {Chaeron} well, it was very peaceful there Vad....

[11:24] {magoo} cant get mIRC up

[11:24] {Threei}  mags... as soon as you install mirc, this one will be just the same

[11:24] {geo} its magoos nightmare

[11:24] {magoo} wasted half hour

[11:25] {Threei}  we have girls here so I'll refrain from comments... but trust me, it's not easy

[11:26] {magoo} chaerons a girl?

[11:26] {Threei}  mags, really... we have quiet time in the market, ask Geo or Raven or KS for help

[11:26] {Threei}  it's easy

[11:26] {Raven} lol

[11:26] {Raven} RTFM magoo

[11:26] {Threei}  sorry R... I just had to involve you :)

[11:27] {magoo} ravens still mad about that crow remark

[11:27] {magoo} lol

[11:27] {Raven} sigh

[11:27] {Raven} R

[11:27] {Raven} T

[11:27] {Raven} F

[11:27] {Raven} M

[11:27] {Threei}  (US) SENATOR VITTER (R) FILES TO PREVENT RELEASE OF SECOND $350B TRANCHE OF TARP FUNDING

[11:27] {magoo} what the hex that mean?

[11:27] {Raven} Read the Fuc**** Manual

[11:28] {Threei}  read the fabulous manual

[11:28] {magoo} reality trader for men?

[11:28] {dptl} half out masi +.10

[11:28] {Raven} (instructions)

06[11:28] * Raven slaps magoo around a bit with a large trout

[11:28] {Threei}  why not dp... :)

06[11:28] * Raven slaps Threei around a bit with a large trout

[11:28] {Threei}  what did I do?

[11:29] {Raven} exposed me to Magoo?

[11:29] {Threei}  ah

[11:29] {Threei}  it was worth it...

[11:29] {Raven} lolk

[11:29] {Raven} oops

06[11:29] * Raven slaps Chaeron around a bit with a large trout

[11:29] {Raven} that's for being swamped

[11:29] {magoo} GS green..i maerket tell imo

[11:30] {magoo} raven bold whilest magioo cant retaliate lol

[11:30] {Raven} rofl

[11:30] {magoo} im slapping dino literally to relieve thisangst

[11:30] {Raven} magoo can't even spell magoo ... sigh

[11:31] {magoo} ROFLOL bird

[11:31] {Raven} poor dino

[11:31] {Threei}  lol

[11:31] {magoo} vad, i cant even paste here

[11:31] {magoo} and it was budsiness

[11:31] {dino} ouch

[11:31] {dino} ge smackdown

[11:32] {Threei}  it had news earlier

[11:32] {Threei}  11:11am [GE] Hearing weakness being attributed to estimates cut at Barclays (timing uncertain)

[11:42] {Threei}  market start s getting a feel of rally preparation

[11:43] {magoo} big move RIMM

[11:45] {Threei}  (US) SENATOR DURBIN (D): GETTING SENTATE APPROVAL OF THE SECOND $350B TRANCHE OF TARP FUNDING WILL BE CHALLENGING

[11:45] {dino}  like it won't happen, just posturing

[11:47] {Threei}  killing market meanwhile

[11:48] {Threei}  just when it consolidated for a break

[11:54] {Threei}  watch DRYS here

[11:55] {Threei}  if not losing .50 and market jumps back up, should be good for a scalp

[11:57] {Threei}  Chaeron... your FRPT is real hero today

[11:59] {dptl} in drys .54

[11:59] {Threei}  .60 break should provide spike for exit

[11:59] {Threei}  or half

[11:59] {Threei}  your choice

06[12:02] * Threei kicks market in the rear

[12:03] {geo} DRYS series of lower highs vad?

[12:03] {Threei}  if market resumes upward, DRYSS will reverse this pattern

[12:04] {Threei}  need NQ to break 1210

[12:05] {Chaeron} .

[12:05] {geo} stop .4?

[12:06] {Threei}  depends on your objectives

[12:06] {Threei}  under .45 for a scalp trade

[12:06] {Threei}  under .40 otherwise

[12:06] {dptl} out drys -.06

[12:06] {dptl} damn it......

[12:07] {Threei}  wow... such strong emotions for 6 cents stop?

[12:07] {dptl} lol.....

[12:07] {larisa} you kicking market all the time with no emotions vad ? :) 

[12:07] {Threei}  no, I just enjoy kicking

[12:08] {dptl} it's just funny i missed all morning plays and have to pick two loosers rimm and drys 

[12:08] {nemo} enjoyent is an emotion

[12:08] {geo} same here dp

[12:08] {geo} net neg now

[12:10] {dino} once again, i haven't done much today

[12:10] {hawkfan4} smart dino, this is one tricky mess of a market

[12:11] {dino} too tight of range

[12:13] {magoo} frustrating mkt..u gota hit the first 15 mins and last

[12:15] {geo} BNI

[12:15] {dino} frustration incorporated

[12:18] {Threei}  we are approaching another uncertan period with all the fighting about stimulus package and TARP after inauguration

[12:18] {Threei}  not unlike we had in Sept-Oct

[12:19] {dino} and ironically, it will be tossed around for week or so and ultimately approved, but...damage everything in the way in the process

[12:19] {Threei}  true

[12:19] {Threei}  just like back then

[12:20] {nemo} that will probably move trading to the long short etfs

[12:20] {Threei}  this relentless selling pressure yestyerday was total remiscenses of those days

[12:21] {Threei}  wehandled it well back then by being careful and picky... will do the same this time around

[12:21] {Threei}  then bull wave will come

[12:21] {Onix} hope springs eternal :)

[12:22] {Threei}  wanna bet?

[12:22] {dino} imo, range bound for many more months 8300-9000

[12:22] {dino} time will tell

[12:22] {larisa} i say we will have rally starting late today into inauguration day. hen another rally for stimulus and another rally for obama's new puppy. ( lets try to be positive !)

[12:23] {Threei}  hmmm

[12:23] {Threei}  pappy rally

[12:23] {Threei}  puppy

[12:23] {Threei}  sounds good to me

[12:23] {Onix} a totally new one

[12:23] {magoo} prob is vad..seasonality..mkt will blow until june..then summer blows..only bull will be 12 days in december

[12:23] {Threei}  lol

[12:23] {i2romantis} lol

[12:23] {dino} lol larisa

[12:25] {dino} rally coming soon magoo, cramer whining nothing works

[12:26] {magoo} true dat dino..he been good contra

[12:26] {dino} he had everybody buying at 9k again, and now selling at 8400

[12:26] {dino} been doing this since he bragged about the july lows being the ultimate lows

[12:27] {magoo} im surprised hes not wearing a bullet proof vest on the show

[12:27] {hawkfan4} lol, no kidding

[12:28] {Threei}  lol

[12:28] {dino} it's a hologram

[12:28] {Threei}  AMZN

[12:28] {Threei}  MOODY'S PLACES RATINGS ON REVIEW FOR POSSIBLE UPGRADE

[12:28] {Threei}  - The review for possible upgrade is prompted by Amazon's announcement that it had achieved its best holiday sales performance ever.

[12:29] {Threei}  Amazon's ability to achieve sizable sales growth with a reasonable level of profitability during a very challenging retail climate is strong evidence of the stability and success of Amazon''s business model.

[12:31] {Threei}  don't trade it, let's just see whether my feel for the market is right... feels to me like sharp spike is coming

[12:34] {Threei}  meanwhile, I feel deeply confused... e-mail from a russian girl looking for a man, name in address is evangelina... e-mails starts with:

[12:34] {Threei}  Hello. My name is Olga

[12:34] {Threei}  and ends with:

[12:34] {Threei}  Tired from loneliness Evgenija

[12:34] {Threei}  ummm

[12:35] {Threei}  which of three is it??

[12:36] {nemo} all three?

[12:36] {geo} GS and JPM breaking

[12:36] {hawkfan4} I'm guessing Olga is the real name

[12:36] {dino} bi-polar gal

[12:36] {KSystems} her sisters are coming as well, vad

[12:36] {geo} lol

[12:36] {Threei}  ah

[12:36] {geo} K has it

[12:37] {wishbone} ya and her photos are real too

[12:37] {dino} twins perhaps

[12:37] {Threei}  you europeans know your neighbours :)

[12:37] {geo} ahhhh bck in back nicely

[12:37] {dino} deck finally moves

[12:37] {geo} i like my bank JPM

[12:38] {geo} back in black

[12:38] {Threei}  what did you do geo?

[12:38] {geo} bought pullback in JPM watching GS

[12:38] {geo} the scans uses option vol as filter

[12:39] {Threei}  look at GS volume

[12:39] {geo} ?

[12:39] {Threei}  half day, volume is equal yesterday's already

[12:40] {geo} yup

[12:40] {geo} i am trying to reduce breaking candidates by option vol

[12:40] {geo} just experimenting

[12:40] {geo} apol gap filling

[12:41] {geo} was there news?

[12:41] {geo} not in it

[12:42] {Threei}  lol... spike was dismall and not very very sharp

[12:42] {geo} no mojo

[12:42] {hawkfan4} 13-Jan-09 10:11 ET In Play Apollo Group drops over 2.50 in past few minutes; weakness attributed to Citron Research report saying growth is more of a one-time bump than a sustainable trend and discussing lawsuit disclosure (84.02 -2.50) -Update :  

[12:42] {i2romantis} c'mon vad, we rely on you, our oracle!

[12:42] {dino} -6

[12:43] {dino} was up 10 fri i think

[12:43] {Threei}  after strong morning we are back to yesterday's pattern of seling pressure

[12:43] {geo} yes yes

[12:44] {geo} I hav some puts that ned to go in money

[12:44] {Threei}  waiting it out, don't want to accumulate unnecessary stops

[12:44] {i2romantis} looks like a bull flag on DRYS, wavy, slow winds, some precipitation

[12:45] {dino} record low temps, and snow here

[12:45] {Threei}  yes i2r, it's just it's unlikely to do much without market help

[12:46] {patience} mild again here dino, songbirds are back

[12:48] {dino} apol gap around 77.40

[12:48] {dino} nice patience

[12:49] {patience} i don't do winter well dino, although snow motivates me to trade  :)

[12:52] {Threei}  YHOO

[12:52] {Threei}  WSJ: CAROL BARTZ TO BE NAMED CEO -

[12:53] {Threei}  YHOO likes him

[12:53] {KSystems} him?

[12:53] {larisa} lol

[12:53] {Threei}  her?

[12:53] {geo} my god

[12:55] {Threei}  scalpable on pullbacks

[12:55] {Threei}  - Carol Bartz is current ADSK Chairman and former CEO of ADSK

[12:55] {Threei}  - Note: This appointment has been speculated by a variety of sources including the WSJ over the last week{

[12:56] {Threei}  wow

[12:56] {Threei}  no more pullbacks?

[12:56] {Threei}  one to .30 I grabbed

[12:56] {Threei}  sold .46

[12:57] {Threei}  back in

[12:57] {Threei}  .44

[12:58] {geo} confused

[12:58] {KSystems} wheres your stop here?

[12:58] {Threei}  scalping stop, under .40

[12:58] {Threei}  not giving it much breathing room

[12:59] {Threei}  market is too weak

[12:59] {Threei}  out

[12:59] {KSystems} stopped

[13:00] {geo} in .39

[13:01] {geo} out not sure... .44

[13:01] {Threei}  yeah, shortlived news effect

[13:01] {Threei}  fizzles out wquickly

[13:03] {Threei}  all the way back

[13:05] {Threei}  I guess company fundamentals changed over last 15 minutes greatly to the upside and then to downside

[13:06] {larisa} DRYS wants 15 ?

[13:06] {i2romantis} looks good so far :)

[13:06] {Threei}  almost there

[13:08] {Threei}  PLD is holding fairly well

[13:16] {Threei}  not aymore

[13:20] {Threei}  ADBE is not selling with market, consolidates under .20

[13:20] {Threei}  if stays here, becomes a long candidate on .20 break if market shows strength

[13:20] {Threei}  which is a biiiig if

[13:22] {Threei}  with loss of .10, not terribly interested anymore

[13:23] {Threei}  selling accelerates

[13:23] {KSystems} this day is "zh" again

[13:23] {Threei}  DRYS 15

[13:29] {i2romantis} PALM looks interesting, i think

[13:30] {Threei}  pretty much market dependent i2r

[13:31] {Threei}  it has lost its own mojo as it usually happens with news-impacted stocks

[13:31] {Threei}  they become market followers when news effect wears off

[13:31] {KSystems} welcome, lexo

[13:31] {Threei}  look at its chart today

[13:31] {Threei}  pretty uch market miror

[13:31] {Threei}  hi lexonet, welcome

[13:32] {_lexonet05} hi there

[13:34] {Threei}  big offer at 15 DRYS

[13:34] {Threei}  break is scalp trigger

[13:34] {Threei}  if holding above .90

[13:35] {Threei}  chewing

[13:35] {magoo} in

[13:36] {Threei}  keep stop under .90 if for scalp, under .85 if want to try for more

[13:36] {Threei}  we formed double bottom

[13:37] {Threei}  just confirmed by break of the top between lows

[13:37] {Threei}  BBs shaped up right too

[13:37] {Threei}  main concewrn is general market mood that hasn't seen any silver lining in hours

[13:38] {Threei}  since first 30 minutes after opening actually

[13:39] {Threei}  hit 1:1 for a jiffy... really hard to tell whether it has a chance for bigger recovery

[13:40] {Threei}  chomping through that offer, you'd think it must have more enthusiasm than this eh?

[13:40] {peterg} software issue: has anyone been able to enable MIRC? I think the instructions on the RT website do not compute.

06[13:41] * geo is insulted

[13:41] {peterg} could be a start

[13:41] {geo} where was that monastryd? again va

[13:41] {Threei}  most are on mirc here peter

[13:41] {geo} shesh

[13:41] {peterg} ahso

[13:42] {geo} where was that monastry again vad?

[13:42] {Threei}  wow... something just tripped market

[13:43] {peterg} I go to mirc; connect brings up different looking page, with nickname greyed out.

[13:44] {peterg} pluss at top of page reads IRC servers; Connect to IRC server

[13:45] {peterg} File / connect/

[13:45] {KSystems} stopped

[13:45] {Threei}  no staying power whatsoever

[13:46] {Threei}  see PALM, i2r?

[13:47] {peterg} hmmmm

[13:48] {Threei}  PREVIEW: DEC MONTHLY BUDGET STATEMENT DUE OUT AT 2PMET

[13:48] {Threei}  **consensus expectations: -$83.0Be

[13:48] {Threei}  I guess market doesn't expect it to be record high eh

[13:53] {i2romantis} yeah, PALM is funky, gaven in to the market

[13:54] {i2romantis} given*

[13:56] {Threei}  brutal smakdowns one after another

[13:57] {dino}    8364, 857, 1158 support 12/29

[13:57] {Threei}  IMF OFFICIAL: CURRENT CRISIS MAKES THE NEED FOR CHINESE FX REFORM MORE URGENT

[13:57] {Threei}  China: you guys think you have right to teach anyone how to run economy?

[13:58] {Threei}  IMF... yeah... sorry

[14:00] {Threei}  DEC MONTHLY BUDGET STATEMENT: -$83.6B V -$83.0BE

[14:00] {Threei}  under the circumstances, sounds like the best we could hope for

[14:03] {Threei}  one of these bounce attempts finally is going to chew through the attempt to smack it down again, and to start menaningfyl bounce

[14:04] {geo} CVS

[14:05] {geo} wow fast

[14:08] {Threei}  dontrend is broken on intraday

[14:10] {Threei}  to try this pullback: RIMM .70 break, half lot

[14:11] {Threei}  with stop under .60

[14:12] {Threei}  1:1

[14:12] {jmb} thanks vad

[14:12] {Threei}  :)

[14:12] {magoo} u timed rimm great vad

[14:12] {Threei}  missed DRYS quick trip to 15

[14:12] {magoo} i caught drys

[14:13] {magoo} missed rimm

[14:13] {KSystems} out RIMM .89

[14:13] {Threei}  OK, considering your hatred for DRYS and love RIMM{ this is highly ironic

[14:13] {Threei}  DRYS explosion

[14:13] {magoo} i hate rimm today..i fickle

[14:14] {geo} all out .88

[14:14] {Threei}  gosh... your passions are so fleeting

[14:14] {_jamie} iwent long drys back around 15

[14:14] {geo} thanks vad

[14:14] {Threei}  good entry jamie

[14:14] {Threei}  control your reisk if you haven;'t sold yet

[14:14] {Threei}  protect profits by partials

[14:14] {_jamie} ok

[14:15] {Threei}  who prefers to partial RIMM and try to ride it, stop to under b/e and try to offer around 46.20

[14:16] {Threei}  serious bidder at .88

[14:17] {Threei}  real too

[14:18] {Threei}  DRYS nice pullback

[14:19] {_jamie} im still 1/2 in it seems kinda bullish

[14:20] {Threei}  as always with this one... it's in market's hands

[14:21] {Threei}  and market lost will to live again

[14:21] {_jamie} ok out

[14:25] {_jamie} so Vad, a good trade these days last how long?  a minute and half?

[14:25] {Threei}  lol

[14:25] {Threei}  I measure them in cents rather than in minutes

[14:26] {_jamie} right on

[14:26] {_jamie} that was a nasty little selloff

[14:26] {Threei}  I mean, trying to remember last time when saleperson suggested that I pay in time units instead of dollars, I have hard time recalling any

[14:26] {_jamie} haha

[14:26] {Threei}  so what do I care how long it takes :)

[14:27] {Threei}  {Market, melancholically} what's life? what's happiness? are there any?...

[14:27] {_jamie} sure there are

[14:28] {Threei}  tell that to market

[14:28] {Threei}  'cause it certainly doesn't think so

[14:28] {_jamie} market is just people, no?

[14:28] {Threei}  market is this big fire-breathing dragon we are out to slay

[14:28] {Threei}  and right now it has bellyache

[14:29] {_jamie} lemme strap on my suit or armor

[14:29] {_jamie} market is a pissed off dragon

[14:29] {Threei}  you better, because when it has heartburn...

[14:29] {geo} how low can BNI go?

[14:30] {Threei}  not much... just 65 bucks more

[14:31] {Threei}  so, if today is repetition of yesterday to any degree, DRYS should sell down a buck more, than rally back here into close

06[14:32] * Threei bids DRYS 14.01

[14:33] {Threei}  WSJ: SENATORS RAISING QUESTIONS ABOUT TIMOTHY GEITHNER NOMINATION; AT ISSUE IS IMMIGRATION STATUS OF A HOUSEKEEPER

[14:33] {Threei}  - also at issue is a report Geithner failed to pay social security taxes for a number of years

[14:33] {Threei}  - Geithner's nomination hearing is scheduled for later this week.

[14:33] {magoo} is there a Q long trigger vad???

[14:33] {Threei}  not really

[14:33] {Threei}  chaotic up and down

[14:34] {Threei}  (US) SENATE MINORITY LEADER MCCONNELL (R): REPUBLICANS ARE NOT SATISFIED WITH SUMMERS LETTER ON TARP PROGRAM, WANT TO HEAR MORE ABOUT TARP RENEWAL PLANS

[14:34] {Threei}  with all this mess, it's a miracle market stages any upticks whatsoever

[14:35] {Threei}  secretary of treasury not paying taxes?

[14:38] {geo} wow they had no probs when he served republicans

[14:38] {geo} my house keeper in an independent contractor

[14:38] {Threei}  US) SENATE MAJORITY LEADER REID: BELIEVES THERE ARE ENOUGH VOTES TO PASS THE SECOND TRANCHE OF TARP FUNDING

[14:38] {Threei}  there you go

[14:38] {geo} and drives a better car than me

[14:38] {Threei}  total repetition of first TARP passage days

[14:38] {geo} sheesh

[14:39] {Threei}  every 10 minutes new turns of events, or rumor, or speculation,

[14:39] {Threei}  and market jumping up and down on each and every of them

[14:39] {patience} when have politicians ever had difficulty spending taxpayer's money

[14:40] {Threei}  anyone held RIMM?

[14:40] {Threei}  feel free to dump it around here

[14:40] {magoo} out .32 DRYS + .32

[14:41] {_jamie} there's a rally breaking out

[14:41] {Threei}  if you observer market and DRYS together, you can see interesting pattern of delay

[14:42] {Threei}  market spikes sharply, DRYS repeats it with delay enough for entry

[14:42] {Threei}  scalpable pattern

[14:42] {Threei}  14:41 markmet spike

[14:42] {Threei}  DRYS sat under .30

[14:42] {Threei}  next minute or two spiked to above .40

[14:43] {Threei}  usually impossible to call in tyime, see if ytou can get a feel for those on your own,

[14:43] {Threei}  major rule is:

[14:44] {Threei}  do not react on each market tick,

[14:44] {Threei}  what you want is sharp spike of a decent size

[14:44] {Threei}  that 11:41 candle is what you are looking for

[14:45] {nemo} which index vad?

[14:46] {Threei}  anything tracking NASDAQ

[14:46] {Threei}  NQ, QQQQ, NDX

[14:46] {Threei}  10 cents on exactly this kind of delay just now

[14:46] {Threei}  .33 - .43

[14:46] {Threei}  this is pure scalping footwork

[14:47] {Threei}  if you do not scalp, have slower broker.... stay away from this kind

[14:48] {Threei}  C

[14:48] {Threei}  SET TO ANNOUNCE A MAJOR REORGANIZATION - WSJ CITES SOURCES

[14:48] {Threei}  - Note: Earlier today CNBC's Gasparino commented on Citigroup's potential plans to rid themselves of the 'supermarket' model, and focus itself

[14:53] {magoo} read on DRYS vad??

[14:53] {larisa} market does not care if Geithner will lose nomination ? it ran up like crazy when he was nominated

[14:54] {Threei}  there is no read on it per se mags

[14:56] {magoo} gonna depend on mkt

[14:56] {Threei}  yeah, and market changes on a dime today

[14:57] {Threei}  market spike

[14:57] {Threei}  and drop

[14:57] {Threei}  all within one minute

[14:57] {Threei}  now tell me what the read is {G}

[14:58] {magoo} cant remember any opther way boss

[14:58] {Threei}  on and one more spike

[14:58] {Threei}  same minute

[15:04] {nemo} Have to go.  Probably going to miss the excitement.

[15:04] {Threei}  US) SENATOR HATCH (R): NOTES HE HAS "NO PROBLEM" WITH GEITHNER NOMINATION AS TREASURY SECRETARY

[15:05] {Threei}  take care nemo

[15:05] {Threei}  hewre comes the excitement

[15:07] {magoo} pick something 

[15:07] {magoo} but be correct

[15:07] {Threei}  hmm?

[15:07] {larisa} it's a trap vad

[15:08] {Threei}  I don't even know what I am supposed to pick

[15:08] {Threei}  market direction?

[15:08] {Threei}  shoelaces?

[15:08] {dino} down

[15:09] {dino} feels like yesterday's action, dji

[15:09] {Threei}  very much

[15:10] {dino} charts similar

[15:12] {dino} if i had to bet, tomorrow 100+ pts up djo, 20+ndx, 20+ s&p

[15:12] {Threei}  the only difference is, DRYS never dropped to 14

[15:12] {Threei}  too bad

[15:13] {Threei}  my 14.01 bid is not getting filled

[15:13] {Threei}  I think it's a borker's fault

[15:13] {dino} because oil and baltic up, maybe

06[15:13] * Threei slaps laserdave around a bit with a large and angry question why no fill on a bid a dollar beow the market

[15:16] {peterg} ok prev problem was with older version of mirc. Now the new one has connected me with a group discvussion about Norway.

[15:16] {Threei}  cool

[15:17] {Threei}  new body of knowledge

[15:17] {peterg} I am going to use this pplatform for now. exhaustion factor

[15:17] {Threei}  instruction starts with line:

[15:18] {Threei}  download fresh copy of mirc

[15:18] {peterg} did so, but it did not overwrite old one

[15:18] {peterg} thought it did

[15:18] {peterg}  it seemed to imply it did

[15:18] {peterg} owell

[15:18] {geo} comon peterg

[15:18] {geo} old one installs in c:\RTC

[15:18] {dino} bbep

[15:18] {geo} new one in program files/mirc

[15:19] {geo} you clicking the old shortcut?

[15:19] {peterg} no more buddy

06[15:19] * geo switched to iphone from blackberry and has been freed

[15:19] {dino} i'm w/you peter, couldn't get it

[15:19] {geo} no comparison

[15:21] {geo} umm vad.. anyway we can make instructions simpler/shorter?

[15:21] {Threei}  asking me?

[15:21] {geo} didnt you do some shortcuts?

[15:21] {Threei}  write simpler instructions, I'll put them up there :)

[15:21] {dino} wynn nice double bottom, daily

[15:21] {geo} lol

[15:24] {Threei}  SAY

[15:24] {Threei}  TICKING HIGHER, HEARING CHATTER CIRCULATING ON POTENTIAL GOVT BAILOUT

[15:24] {Threei}  wow

[15:24] {Threei}  bailout for fraud??

[15:25] {Threei}  lol, look at this

[15:25] {Threei}  SENATOR CORKER (R- TENN): CHRYSLER HAS TO MERGE WITH SOME OTHER COMPANY, OR 'GO AWAY'

[15:25] {Threei}  - Concerned that GM may not meet its restructuring targets due to its 'unsustainably high' debt load

[15:25] {Threei}  - Note: Sen Corker was among those in in November who advocated a GM/Chrysler forced merger

[15:25] {Threei}  - Note on 1/12: GM COO remarked that GM has "too much work on its plate" to consider a merger with Chrysler. {GM F}

[15:26] {larisa} if we rally into the close as I promised, vad will have to stp kicking spitting and cursing.

[15:26] {larisa} stp=stop

[15:26] {i2romantis} i agree

[15:26] {Threei}  why??

[15:26] {larisa} my conditions, or no rally

[15:28] {Threei}  next thing I know I am forbidden to throw stones in neighbor windows??

[15:28] {Threei}  come on, there should be room for fun in life

[15:28] {Threei}  and my personal definition of fun includes all three you are trying to take away from me

[15:29] {i2romantis} any message on greed? when enough's enough?

[15:29] {i2romantis} contemplating to do a trade, but don't want to overtrade :)

[15:29] {dino} greed, for lack of a better word, is good

[15:29] {Threei}  G. Gekko

[15:29] {i2romantis} ic

[15:30] {Threei}  C

[15:30] {Threei}  BOARD APPROVES BROKERAGE JV WITH MS

[15:30] {dino} peter getting kicked around a bit

[15:31] {Threei}  wow

[15:31] {Threei}  now what?

[15:32] {Threei}  SQNM

[15:32] {Threei}  big spike with volume

[15:32] {Threei}  CNBC hype?

[15:33] {larisa} second time today

[15:33] {Threei}  yeah

[15:33] {Threei}  TICKS HIGHER ON POSITIVE MENTION BY A FUND MANAGER APPEARING ON CNBC

[15:34] {dino} because fund managers have been so right for so long

[15:35] {dino} 3:35-40 bounce

[15:35] {magoo} or  crash

[15:35] {magoo} worx both ways

[15:36] {Threei}  anyone got this scalp on DRYS on a trick I described earler?

[15:36] {Threei}  .34 was big offer holding it down when market spiked

[15:37] {magoo} me vad

[15:37] {Threei}  easily available

[15:37] {Threei}  cool beans mags

[15:37] {Threei}  it's just a scalp trick, don't oversit

[15:37] {magoo} out boss

[15:41] {Threei}  FED'S KOHN: FED IS TAKING A HARD LOOK AT THE MUNI MARKET TO SEE WHETHER FED FUNDS COULD HELP

[15:42] {dino} why don't they just form a fed insurance company and provide insureance for premiums

[15:48] {dptl} have a good evening all

[15:48] {Threei}  take care dp

[15:50] {Threei}  I may have gotten the best of both worlds

[15:50] {Threei}  I never gave up kicking and cursing

[15:50] {dino} well we got the 3:40 rally

[15:50] {Threei}  yet got rally

[15:50] {i2romantis} partial exits are awesome!

[15:50] {dino} 80+ points, yesterday had one too 3:45ish

[15:50] {i2romantis} of course on the upstream

[15:55] {Threei}  how about one more parting spike, market?

[15:55] {i2romantis} was married to PALM today, and it worked out well

[15:55] {Threei}  no comments by anyone please

[15:59] {larisa} bye all   :) 

[15:59] {i2romantis} bye larisa

[15:59] {Threei}  ok guys

[15:59] {wishbone} good nite all

[15:59] {Threei}  as nice as morning was, the rest of the day was tiring

[16:00] {Threei}  tomorrow should be better

[16:00] {Threei}  or not

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening

[16:00] {_cujo} have a good one

[16:00] {Threei}  see you tomorrow

[16:00] {KSystems} you too

[16:00] {i2romantis} see you 3i

[16:00] {KSystems} and thank you!

[16:00] {magoo} ty vad

[16:01] {geo} ended the day in green .... am gratefull in this wierd market

[16:02] {geo} thanks 

[16:02] * Threei slaps geo around a bit with a large reminder to stop with pesimism, and things will work out much better

[16:02] {geo} lol

[16:02] {Threei}  question

[16:02] {geo} sorry

[16:02] {geo} ?

[16:02] {Threei}  have you ever in your life

[16:03] {geo} didnt know being gratefull was pessimism

[16:03] {Threei}  seen a person who said "it's too hard, I can't do it, I am useless" etc, along these lines

[16:03] {Threei}  AND succeeded?

[16:04] * geo mutters he was happy to be green and now has to ponder meaning of life

[16:04] {Threei}  lol

[16:04] {Threei}  no, I am mostly addressing earlier remarks

[16:04] {geo} from me?

[16:05] {dino} if you think you can, or can't, you are right

[16:05] {Threei}  (whispering) do I care who was it who uttered them?

[16:05] {Threei}  eqzaktly dino

[16:05] {geo} They saw with time even a rope drawing water from a well leaves marks on stone walls

[16:05] {geo} say

[16:05] {Threei}  can't tell you how often I heard:

[16:05] {geo} hows that for a saying !

[16:05] {Threei}  no matter what I do, it doesn't work

[16:06] {Threei}  or

[16:06] {Threei}  any trade I take is sure to turn against me

[16:06] {Threei}  or

[16:06] {Threei}  it's like market just waits for me to enter, and turns around right away

[16:06] {Threei}  etc,. you know the kind

[16:06] {geo} lololol

[16:06] {i2romantis} lol

[16:06] {geo} its that guy I was talking about

[16:06] {i2romantis} I've said that before 

[16:06] {Threei}  what I never ever saw is

[16:06] {geo} he just said that yesterday

[16:07] {Threei}  someone succeeding while thinking along these lines

[16:07] {Threei}  I am not saying positive thinking magically turns things around by itself, far from it

[16:07] {Threei}  but it's a foundation

[16:07] {Threei}  without it you have nothing to build on

[16:08] {geo} i dont know too many neagative sucessfull people

[16:08] {Threei}  and one more thought to leave you with for the night

[16:08] {geo} actually none

[16:08] {Threei}  it's actually going to be a quote from my next book, consider it sneak preview

[16:08] {dino} uh oh

[16:08] {i2romantis} next book? sounds good !

[16:09] {Threei}  even fear, one of the most impedimental eemotions,

[16:09] {Threei}  has some useful applications.

[16:09] {geo} true

[16:09] {i2romantis} true that.

[16:10] {Threei}  But self-doubt is the most wasteful and useless state of mind, accompl.ishing nothing but total and absolute waste of time and energy.

[16:10] {geo} true....