Jan 14 2009

Not being a stellar day, it nonetheless was much better. A few tight stops, and three sizeable wins, two on RIMM and one on ACOR. Still a lot of fear in the market though, so our commitment stays fleeting.

Session Time: Wed Jan 14 00:00:00 2009

[07:00] {nemo} Hah! woke up at 3:30 this morning.

[08:01] {Threei}  Good morning

[08:03] {magoo} morning

[08:03] {Threei}  magoo :)

[08:03] {Threei}  any luck with mirc?

[08:03] {magoo} anyone up to walking me thru this mIRC again {sigh}

[08:04] {magoo} rady to try again

[08:04] {magoo} gotta be something little..i am close

[08:04] {Onix} Good morning all

[08:04] {Threei}  do you know where your mirc folder is?

[08:04] {Threei}  onix :)

[08:04] {magoo} i deleted it

[08:05] {Threei}  should be C/Program files/mirc

[08:10] {Threei}  nemo :)

[08:11] {Onix} hi nemo

[08:11] {nemo} onix :)

[08:12] {Threei}  PREVIEW: DEC ADVANCE RETAIL SALES AND RETAIL SALES LESS AUTOS DUE AT 8:30 ET

[08:12] {Threei}  - Advance retail sales: consensus expectations are -1.2%e; The prior number was -1.8% (analyst range of estimates from -0.3% to -3.5%)

[08:12] {Threei}  - Retail sales less autos: Consensus expectations are -1.4%e; The prior reading was -1.6% (analyst range from -0.4% to -2.6%)

[08:13] {Threei}  mags?

[08:14] {nemo} maybe you shoulda' taken mags belt and shoelaces away?

[08:14] {Threei}  it would be a good idea but I am careful with guys who carry hunting rifle with them at all times

[08:15] {nemo} must be a helluva' holster..

[08:15] {Threei}  his car is his hlster...

[08:15] {magoo} sorry phone call

[08:15] {nemo} mags is my kinda' guy

[08:17] {Threei}  BALTIC DRY BULK INDEX +1.0%

[08:17] {Threei}  (SEVENTH CONSECUTIVE GAIN)

[08:21] {Threei}  that batlic index is good in a sense that DRYS has no its own bad news... need market help to go, or at least stable market

[08:21] {_cujo} Good monring all. 

[08:21] {Threei}  cujo :)

[08:22] {_cujo} morning

[08:25] {Onix} hi cujo :)

[08:26] {larisa} good morning :)

[08:26] {Threei}  larisa :)

[08:28] {ese} goooooood morning......

[08:28] {Threei}  ese :)

[08:28] {Threei}  see what DRYS does?

[08:28] {Threei}  follows market almost precisely

[08:28] {ese} really enjoyed watching your scalping video course vad.....

[08:28] {KSystems} nemo :) alles klar und selbst?

[08:29] {Threei}  good to hear ese :)

[08:29] {Threei}  you are done with it in full already??

[08:29] {ese} have gone through it twice

[08:30] {Threei}  DEC IMPORT PRICE INDEX M/M: -4.2% V -5.3%E; Y/Y

[08:30] {Threei}  DEC ADVANCE RETAIL SALES: -2.7% V -1.2%E; LESS AUTOS: -3.1% V -1.4%E

[08:30] {Threei}  - Prior Advance Retail Sales revised from -1.8% to -2.1%

[08:30] {Threei}  - Prior Less Autos revised from -1.6% to -2.5%

[08:36] {ese} one of the things I really enjoyed vad was listening to your commentary on the trades and in particular.....your analysis of level 2 and how you used it to analyize risk in terms of how many shares you bought.....

[08:38] {ese} definately.....I intend to go over and over and over it again........to catch full meaning of everything

[08:39] {Threei}  we have also oil inventories today at 10:35

[08:40] {Threei}  I don't expect it to be a market mover

[08:40] {Threei}  maybe short-lived initial knee-jerk reaction

[08:40] {i2romantis} can't believe Nortel's song is sung

[08:41] {ese} what do you mean romantis

[08:41] {Threei}  08:24am

[08:41] {Threei}  [NT] Nortel Networks Corp Officially files for Chapter 11 in U.S. as speculated

[08:41] {Threei}  - States company has more than $1B worth of both assets and liabilities.

[08:41] {Threei}  - Note on 12/09 WSJ reported company had hired advisers to explore a potential bankruptcy if its plan to restructure is not effective, and last night that a bankruptcy filing was likely

[08:41] {i2romantis} bancruptcy

[08:42] {ese} wow

[08:42] {i2romantis} i kind of thought it would turn around

[08:42] {i2romantis} but down to .08 in premarket

[08:42] {i2romantis} from .31

[08:42] {ese} whats the symbol

[08:42] {i2romantis} nt

[08:43] {ese} tks

[08:43] {_jamie} Well there he is

[08:45] {ese} hows nortel doing on the canadian exchange.......

[08:45] {Threei}  I don't suppose it's making new all-time highs ese... :)

[08:48] {ese} at .08 per shs.....heck ........i noticed somebody bout 27 mil of it

[08:48] {magoo} nope

[08:48] {ese} bought

[08:48] {cosmo} # Ericsson first to implement mobile broadband into cable-TV networkMarketwire(Wed 8:05am)

[08:48] {cosmo} eric

[08:52] {gen} gm all

[08:53] {gen} Vad :)

[08:59] {_jamie} I am wondering if this will be a 1 Vicodin or a 2 Vocodin morning....

[08:59] {ese} Ok question for the whole room.........can anyone tell me if airline traffic is going to be up or down this summer (august) in particular and whether or not they think that fares will be discounted?

[08:59] {KSystems} brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[08:59] {cosmo} good luck mags

[09:00] {ese} am taking my high school rhythm and blues band to copenhagen in august for a festival;

[09:00] {_jamie} cool

[09:00] {_stoplight} first half of the year is steeply on sale in comparison to last year

06[09:00] * Threei slaps magoo around a bit with a large RTC icon

[09:01] {wishbone} good morning

[09:01] {_jamie} what's your instrument ese?

[09:01] {Threei}  wish :)

[09:01] {ese} wish

[09:01] {dptl} gm all

[09:01] {Threei}  dp :)

[09:01] {wishbone} hi ese

[09:01] {_stoplight} would imagine the second half of the year airline prices will continue to slip

[09:01] {ese} I play drums myself...I have a degree in percussion performance with a history/mathematics minor

[09:02] {Threei}  REPORTEDLY, CHRYSLER HAS ANNOUNCED IT WILL NOT SELL JEEP UNIT; DENIES PRESS REPORT ABOUT NISSAN-RENAULT TALKS

[09:02] {Threei}  - Says is in discussions with partners regarding non-earning assets

[09:02] {Threei}  - Looking to sell tooling and liscnenses for discontinued models

[09:02] {Threei}  - Denies talks with Magna along with Renault-Nissan

[09:02] {Threei}  - Reminder: On 01/13, it was reported that Chrysler is in talks with Renault-Nissan regarding an asset sale - CNBC

[09:03] {ese} here is my professional band website jamie  www.themidnights.com

[09:03] {_jamie} so you actually know how to play...I grew up playing with a drummer who wished he had been Neil Peart...and who played like Ringo I will check your site out...

[09:03] {_jamie} I really like Keith Moon these days

[09:04] {ese} yes indeed 22 years of playing symphony here in canada 

[09:04] {_jamie} wow

[09:04] {magoo} ok..no work..but lets stop so u can do your morn prep to make otheres money today...lets try again tomorrow or tonite

[09:04] {nemo} Funny, I was standing in a "Head Shop" when I heard about Keith Moon's death.

[09:04] {_jamie} What did they sell Nemo?  Hats?

[09:04] {Threei}  dcc KS, set a time, he will walk you through this over the phone

[09:04] {ese} head shop?

[09:05] {magoo} how do i make this window stay on top when i click another window for now..thats easy i think

[09:05] {_jamie} Vad is today the day we're gonna make history?

[09:05] {Threei}  hmm?

[09:05] {_jamie} as in earn profits

[09:06] {cosmo} head shops are where they remachine engine parts.... 

[09:06] {Threei}  pressure pressure

[09:06] {_jamie} not become historic...not make historic lossess...

[09:06] {elepet} I am about to give up on the whole thing. When I use this one, my brokerage window isreplaced. So I paid my $20 to sign up with mirc, and I can't get past "choose a channel name for favorite. I want none of the above. I guess others are having problems but i haven't folloed the explanations. so for now i have to use 2 computers. Aagh.

[09:06] {magoo} thanx for your time vad..really apoligize for my computer illiteracy here

[09:06] {lisa_jay} Good morning RealityTraders

[09:06] {_jamie} Lisa_Jay!

[09:06] {Threei}  lisa :)

[09:06] {_cujo} morning Lisa

[09:07] {ese} liiiiiissssssaaaaa!!!!!!!!!

[09:07] {Threei}  elepet... there are a lot of people connected through mirc

[09:07] {elepet} Good morning

[09:07] {cosmo} i miss mirc...

[09:07] {ese} ele  .......

[09:07] {magoo} el..thats where i get stuck too

[09:08] {elepet} so what is the matter with me? why can't i make mirc work?

[09:08] {lisa_jay} Hi guys.

[09:08] {elepet} maybe it's a california thing.

[09:08] {magoo} ES..im using 2 computers now also

[09:08] {fernp} hello everybody

[09:08] {magoo} used to use one 

[09:08] {Threei}  fern :)

[09:08] {magoo} stuck same place

[09:09] {ese} fern

[09:09] {elepet} but i leave for Mexico next week and hate to bring 2 computers

[09:09] {Threei}  ele... talk to KS, set time so he walks you through thuis

[09:10] {magoo} i have yet to get it to work..COS, u cant either

[09:10] {ese} Mehhh heeee cohhh

[09:10] {magoo} btw vad, i cant dcc here to get KS 

[09:10] {ese} nice holiday?

[09:10] {Threei}  ??

[09:10] {elepet} thanks. after market close would be better. how do i find KS?

[09:10] {nemo} mags: email me at mark (at) tao dot org maybe I can help

[09:10] {Threei}  ksystems... jst dcc him

[09:11] {dino} .

[09:11] {KSystems} magoo you can

[09:11] {KSystems} on the left side is the nick list

[09:11] {KSystems} right-click my name, select "PM"

[09:11] {Threei}  dino :)

[09:11] {KSystems} may be right side

[09:11] {KSystems} and good morning everyone :)

[09:12] {elepet} thanks. i'll try after market closes. to much for now.

[09:12] {ese} Ksys......good morning to you

[09:12] {fernp} you need mirc 6.1.6 or higher to work with the new server

[09:13] {magoo} KS, on left.i do not have pm choice in pop upUG

[09:13] {fernp} and some routers are not compatible with current version

[09:13] {KSystems} fernp thats not right I'm afraid

[09:13] {KSystems} you can connect with older

[09:13] {dino} gm all

[09:13] {KSystems} just have to configure

[09:13] {ese} dino.....

[09:13] {fernp} I tried with old and can't connect

[09:14] {fernp} and with 6.1.6 I can do it

[09:14] {KSystems} then its some router issue as well

[09:14] {fernp} now I am using 6.3.5 and can connect

[09:14] {Threei}  updating mirc is a good idea anyway, old one is not very safe these days

[09:16] {Threei}  be back in 5

[09:16] {_jamie} Hey Nemo.....Been to the head and Foot shop?

[09:17] {nemo} They closed those long ago in Massachusetts

[09:17] {_jamie} swear to God...they sell sneakers and pot pipes...yeah they're closed now too bad.

[09:17] {geo} gm fellow speculators

[09:17] {_jamie} my dad used to go there for....close out sneakers

[09:17] {_jamie} Geo

[09:18] {_cujo} morning Geo

[09:18] {_jamie} this market looks el-stinkaroo today...not to judge.

[09:18] {_cujo} yeah agreed...

[09:19] {cosmo} you'll need a good pair of sneakers too...

[09:20] {dino} ua blood

[09:20] {KSystems} hey geo

[09:20] {KSystems} did they halt NT?

[09:20] {KSystems} got funny quotes here

[09:21] {Threei}  geo :)

[09:21] {peterg} mirc new install no worky

[09:21] {Threei}  DRYS has this habit of insane jimps after open

[09:22] {peterg} instructions need to cover the final movement of each  step; OK, or ADD or whatever.

[09:22] {Threei}  risky one

[09:22] {magoo} ROFLOL peterg..join my nitemare

[09:22] {magoo} 2 mornings in a row wasted now from 8 a.m till 9 a.m

[09:22] {peterg} I am sure it is grustrating frustating for the vadster, but hey its hi8s job to make this possible sorry

[09:22] {elepet} and mine.

[09:22] {magoo} done for now..need to mkt prp

[09:23] {peterg} ill take some prp

[09:23] {peterg} does it taste good

[09:23] {dino} when magoo figures it out, i will switch

[09:24] {peterg} ditto

[09:24] {Threei}  guys... please dcc KS to set time for him to walk you through this

[09:24] {KSystems} magoo we can do it on market close or when it gets a little calmer

[09:24] {KSystems} yeah

[09:24] {magoo} see dino personality is he doesn't care..hell wait...he only asked me how to slap last week after 2 yrs he he

[09:24] {magoo} me..its driving me nuts..enough said

[09:25] {_jamie} mordeduras de este mercado

[09:25] {peterg} technological solutions always more complicated which is good for redundancy and safety but hell to get working

[09:25] {peterg} H guyford Stever told me that

[09:25] {dino} hmmmmmmmm, not sure what to say to that, but oh well

[09:25] {peterg} me either, just quote

[09:26] {dino} be calm at open guys/gals, remember your edge, don't force things

[09:26] {Threei}  .30 big offer on DRYS if taken, is your indication for a possible jump - risky trade

[09:27] {elepet} anyone been watching exm?

[09:27] {_jamie} "Don't force things" is great advice for us...now tell my car payment and landlord not to force things:) 

[09:32] {peterg} Nice! Keystroke causes Mibbit screen to vanish when not on Mibbit screen.

[09:32] {Threei} Long Setup:  PLD  .65 if stays above .45

[09:32] {peterg} I not frustrated

[09:33] {KSystems} in pld

[09:33] {magoo} in

[09:34] {magoo} long Q here

[09:34] {magoo} stop .97

[09:35] {Threei}  PLD 1:1, half out

[09:35] {magoo} Q beauty entry .13

[09:36] {peterg} out for .07 tks

[09:36] {nemo} mags: send me an email.  I have to leave this afternoon, but I'll help when I get back tonight or tomorrow morning

[09:36] {magoo} ok..later TY

[09:36] {Threei}  stop to .55 for PLD balance

[09:37] {dptl} it hit 1:1?

[09:37] {geo} no

[09:37] {Threei}  ?

[09:37] {Threei}  it hit .78

[09:37] {dino} 8118 dji dec lows

[09:37] {geo} .85 1:1 no?

[09:38] {KSystems} PLD - in .67 - out 1/2 .74 - out rest .53

[09:38] {dptl} 1: is .85 no?

[09:38] {Threei}  .60 + .15 = .75

[09:38] {Threei}  no?

[09:39] {dino} 818 S&P, 1096 NDX

[09:39] {KSystems} [15:32] {&Threei} Long Setup:  PLD  .65 if stays above .45

[09:39] {dptl} 65 if stays above 45

[09:39] {geo} .20 stop

[09:39] {Threei}  what the... I thought I tyoed .60 break

[09:39] {Threei}  sorry guys

[09:39] {lisa_jay} sqnm

[09:40] {dptl} stopped pld

[09:41] {KSystems} one of the rare occasions when mistake pays out...

[09:41] {Threei} Long Setup:  DRYS  .50 break

[09:41] {magoo} in drys .45

[09:41] {KSystems} in drys

[09:42] {KSystems} stop?

[09:42] {Threei}  stop under .35 for hardcore scalpers

[09:42] {Threei}  I'd prefer a bit wider one on this but gotta decrease size then

[09:42] {Threei}  with market help it's capable of more than scalp

[09:43] {Threei}  market help is questionable thing though

[09:43] {Threei}  makin higher lows so far

[09:44] {dino} WHOOSH COMING

[09:44] {Threei}  yeah

[09:44] {Threei}  grrr

[09:44] {KSystems} stopped drys

[09:44] {dptl} stopped

[09:45] {Onix} stopped drys

[09:45] {_jamie} the market's crashing

[09:46] {geo} patience here?

[09:46] {geo} no

[09:46] {_jamie} Nemo get me my life preserver

[09:47] {_jamie} Unfortunately Mibbit doesn't support that yet.

[09:47] {_jamie} Mibbit the strange rabbitt

[09:47] {dino} it's a frog

[09:48] {nemo} frabbit? rabbog?

[09:49] {nemo} sqnm double bottom?

[09:49] {Threei}  too far from bottom for entry here

[09:49] {nemo} ty va

[09:49] {nemo} "d"

[09:50] {Threei}  has potential for 24.50 or so, just too hgh risk

[09:50] {_jamie} SQNM is an FDA play

[09:50] {nemo} bounced on acquisition announcement yesterday and will bounce on trials at eom

[09:51] {Threei} Short Setup: ADBE  .50 break if stays under .60

[09:51] {KSystems} in

[09:52] {nemo} stop on adbe?

[09:52] {Threei}  if stays under .60 - meaning both, condition for entry and for stop placement

[09:53] {nemo} ty

[09:57] {dino} eqix sm l .98, risky wide stops today

[09:57] {dino} mcd sm l .85 same deal

[09:59] {dino} rate afam algt rimm all pos.

[09:59] {dino} itri

[10:00] {Threei}  NOV BUSINESS INVENTORIES: -0.7% V-0.5%E

[10:02] {Threei}  market doesn't look like it wants down anymore

[10:02] {_jamie} adbe don't seem to have any "down" in it

[10:02] {Threei}  no

[10:02] {Threei}  covered

[10:02] {KSystems} adbe stopped

[10:02] {dptl} stopped adbe

[10:02] {_jamie} momofuko!

[10:02] {_jamie} hehehehe

[10:02] {_jamie} i HATRE that

[10:03] {_jamie} stopout!

[10:03] {Threei}  who doesn't

[10:03] {_jamie} caramba

[10:03] {dino} apol

[10:03] {_jamie} mama mina!

[10:03] {Onix} stopped ADBE

[10:03] {dino} battleground

[10:04] {fernp} EXPE holding well on highs

[10:04] {Threei}  RIMM

[10:05] {Threei}  pullback long around .80

[10:05] {magoo} cramer mentioned it pos

[10:05] {_jamie} RIMM looks potentially very interesting

[10:06] {dino} isrg 52 week low

[10:08] {ese} bstop ZGEN .30

[10:08] {KSystems} didnt get rimm vad, still valid?

[10:09] {Threei}  yes, with stop under .60, but use market strength for entry

[10:09] {Threei}  not on price alone

[10:09] {KSystems} ok

[10:10] {ese} 1/2 L zgen filled .28 cool

[10:10] {Threei}  good pullback

[10:10] {ese} stop .18 

[10:11] {fernp} breakout NVDA Vad?

[10:11] {lisa_jay} APOL

[10:11] {Threei}  as much as breakouts can be trusted today...

[10:12] {cosmo} ERIC hod = 7.02   ...so far

[10:12] {Threei}  market just can't make up its mind

[10:13] {dino} going to find out here

[10:14] {cosmo} looks mindless to me...

[10:14] {_jamie} vad, market is belching again...market ate chili last night

[10:15] {Threei}  I don't know how much of it it must have eaten to act like this

[10:15] {_jamie} there is a ferocity to the selloffs lately 

[10:16] {fernp} Thanks Vad. NVDA was a trap

[10:16] {Threei}  yeah, market saw to it'

[10:16] {nemo} with the ass whippin' over the last few months, nobody is taking chances

[10:17] {cosmo} give it a week more ...

[10:17] {nemo} adbe setting up again?

[10:17] {Threei}  it's this period of political posturing nemo

[10:17] {Threei}  same as with original TARP

[10:18] {nemo} inaugurational no-man's land

[10:18] {Threei}  can't tell ADBE

[10:18] {Threei}  no clean chart

[10:19] {fernp} double bottom or good moment for a quick short on QQQQ?

[10:19] {cosmo} obamarational

[10:19] {Threei}  looks like short to me

[10:19] {geo} patience dcc pls

[10:19] {fernp} me too

[10:21] {ese} zgen   stopped -.10 1/2 lot

[10:22] {nemo} mmmhhh?  oil inventories soon

[10:22] {Threei}  US TREASURY SEC NOMINEE GEITHNER'S SENATE HEARING MOVED TO JAN 21 FROM JAN 15

[10:25] {dino} -9% dji, -8% ndx, -10% s&p in week

[10:25] {lisa_jay} TEVA

[10:27] {dino} wonder why...not

[10:27] {dino} new senate swore in

[10:30] {nemo} mmmhhh? S&P flirted in the 845 area, see if it holds

[10:30] {dino} beat spike

[10:30] {Threei}  DOE CRUDE: +1.14M V +2.5ME

[10:30] {Threei}  GASOLINE: +2.07M V +2ME; DISTILLATES: +6.35M V +1ME; UTILIZATION: 85.2% V 84.1%E

[10:31] {Threei} Short Setup: RIMM  .40 break if stays under .55

[10:31] {nemo} WOW! well, at least the refineries won't have any problem doing maintenance this year.

[10:32] {KSystems} in RIMM

[10:32] {fernp} RIMM no available here

[10:32] {Threei}  1:1 in a hurry

[10:32] {nemo} nice vad

[10:33] {Threei}  half or scalp

[10:33] {Threei}  your choice

[10:33] {Threei}  covered half .21

[10:33] {_cujo} thanks Vad

[10:33] {Threei}  out baalance

[10:33] {Threei}  .07

[10:33] {Threei}  welocme cujo

[10:34] {Threei}  finally nailed something decent

[10:34] {KSystems} RIMM - in .39 - out 1/2 .25 - out rest .10

[10:34] {Threei}  wtg KS

[10:34] {KSystems} you have my permission to go ahead like that vad

[10:35] {Threei}  I just wanted to ask

[10:35] {KSystems} you better do

[10:35] {geo} hmmm

[10:35] {geo} we have a new admin in town

06[10:35] * geo bows and scrapes

[10:36] {Threei}  {KSystems} you better

[10:36] {nemo} ooohhh, ride that baby down

[10:37] {nemo} looks like oil might have taken down the market

[10:37] {Threei}  looking for bounce scalp RIMM

[10:37] {fernp} out QQQQ +.15 (too slow to be a quick scalp)

[10:37] {Threei}  a bit overextended

[10:37] {nemo} just got a hangman

[10:38] {Threei}  hey, I might get that bid at 14.01 on DRYS filled

[10:38] {Threei}  not sure I still want it though, lol

[10:38] {Onix} :)

[10:39] {nemo} nope

[10:39] {wishbone} rimm ty vad

[10:39] {Threei}  welcome wish

[10:39] {wishbone} held on to that

[10:40] {Threei}  how much did you get??

[10:40] {wishbone} 62

[10:40] {Threei}  and be informed, we do have policy of trouting for indecent profits

[10:40] {wishbone} on last 1/4

[10:40] {nemo} ay comrade

[10:40] {nemo} how do you define "indecent"?

[10:40] {Threei}  .62 is not very decent... but OK, this time you are forgiven

[10:40] {Threei}  sin no more though

[10:41] {Threei}  OK, watchi for double bottom RIMM

[10:41] {Threei}  holding above .50 is precondition

[10:41] {Threei}  market strength is needed (I know, tall order)

[10:42] {Threei}  jumped...

[10:42] {Threei}  tough to find entry, had to go on pure faith

[10:42] {dino} gj wish

[10:42] {wishbone} ty dino

[10:43] {lisa_jay} SQNM sold off 

[10:43] {dptl} .

[10:45] {nemo} almost 300 down on the dow-feels...normal...

[10:45] {Threei}  feels Octoberish

[10:47] {Threei} Long Setup:  RIMM  .55 if stays above .40

[10:47] {Threei}  discretionary one

[10:47] {Threei}  kind of "could take a few tries"

[10:49] {Threei}  half out .72

[10:49] {Threei}  stop to .49

[10:51] {Threei}  stop to .55

[10:52] {Threei}  out in full .95

[10:52] {Threei}  +.38

[10:52] {fernp} excellent Vad. ty

[10:52] {Threei}  life looks a bit brighter

[10:52] {Threei}  fern :)

[10:52] {dino} gj

[10:53] {nemo} give it a minute, vad

[10:53] {KSystems} RIMM - in .59 - out 1/2 .69 - out rest .95

[10:53] {Threei}  ks :)

[10:53] {Threei}  lol nemo, eternal optimist eh?

[10:53] {nemo} realist. use psychological vaseline at all times

[10:57] {Threei}  this dive to .50 was so quick on RIMM, I didn't have a chance to even start typing alert

[10:58] {nemo} adbe setting up?

[10:58] {Threei}  for .31 long trigger?

[10:59] {nemo} you asking or telling?

[10:59] {Threei}  elaborating on your question :)

[10:59] {nemo} yes, for long-that's what I was thinking...I think I was thinking

[11:00] {Threei}  I like your thinking

[11:00] {Threei}  I think

[11:00] {Threei}  chart wise it's a valid setup

[11:00] {nemo} so, you belong in an institution also?:)

[11:00] {Threei}  with stop under .20

[11:00] {Threei}  belong??

[11:00] {Threei}  I run it!

[11:00] {Threei}  main question with this setup is,

[11:00] {Threei}  whether market is ready to start recovery

[11:01] {nemo} ahhh, inmates running the asylum-well the nas looks like it's fighting to climb

[11:01] {nemo} oh, good movie 9th configuration

[11:01] {nemo} eh..setup might be keeling over

[11:03] {dino} pattern says start buying around these levels, selling around 9000

[11:04] {nemo} missed drys double bottom with hangman

[11:11] {Threei}  DRYS is not making new lows with market

[11:11] {nemo} if rimm holds bottom?

[11:11] {Threei}  unlikely to go up without market help but firmed enough to be a long candidate on bounce

[11:12] {Threei}  RIMM's bottom is under .30

[11:12] {Threei}  need a trigger

[11:13] {nemo} nas droppin'

[11:13] {Threei}  mostl;y it looks like it's oing to revisit the low

[11:13] {nemo} oops

[11:13] {Threei}  there

[11:13] {nemo} almost a schadenfreude

[11:14] {Threei}  DRYS kept above .60 so afr

[11:15] {Threei}  and topping out around .67

[11:15] {Threei}  so... play starts shaping up

[11:15] {nemo} look at rimm

[11:15] {Threei}  .68 - .70 long if holding .60

[11:16] {Threei}  I just dodn't see how to structure RIMM play during that sharp drop

[11:17] {Threei}  it would be simply buying into selloff arbitrarily

[11:17] {Threei}  not my idea

[11:18] {dptl} in drys .69

[11:18] {nemo} ind drys .68

[11:18] {KSystems} in drys

[11:18] {nemo} check that not in was ready

[11:18] {nemo} now in 

[11:19] {Threei}  huh RIMM

[11:20] {Threei}  it starts moving against the market

[11:20] {Threei}  backing off, no leading indicator for it

[11:20] {nemo} adbe getting to break?

[11:20] {Threei}  if anything, it's a short

[11:20] {Threei}  RIMM that was

[11:21] {Threei}  I am not jazzed about it nemo...

[11:21] {nemo} ty

[11:21] {Threei}  NQ went up 7 points, ADBE couldn't make couple cent?

[11:21] {Threei}  just what kind of move does it want from market and how likely are we to get that kind of move?

[11:22] {nemo} tna

[11:22] {Threei}  maybe it's just delayed

[11:22] {Threei}  slow

[11:22] {Threei}  retarded

[11:22] {nemo} sorry, two computers

[11:22] {nemo} stop calling me names!

[11:22] {Threei}  soprry... Larisa already told me I am too rude

[11:22] {nemo} hurt my feelings :(

[11:22] {Threei}  half out DRYS, over 1:1

[11:23] {nemo} out drys +.10

[11:23] {nemo} don't trust market

[11:23] {dptl} out half .+.10 ty

[11:23] {Threei}  can't blame you

[11:24] {nemo} i have issues

[11:24] {Threei}  but I have this naive faith in humanity

[11:24] {Threei}  so I will offer the rest above .90

[11:24] {Threei}  and close my eyes

[11:24] {nemo} looks like you might be vindicated

[11:24] {Threei}  and wait for machnine-gun-like sound of order getting filled

[11:24] {dino}   don't bet this, but gut feel is end green

[11:25] {nemo} you have sound effects with laser

[11:25] {Threei}  yes sir

[11:25] {Threei}  and can share

[11:25] {nemo} please.  look at adbe

[11:25] {Threei}  I don't want to

[11:25] {nemo} can't force you

[11:26] {nemo} it's your bat, ball, and field

[11:26] {Threei}  that's a welcome relief from magoo's approach

[11:26] {nemo} which is?

[11:26] {Threei}  he phones me and calls me names if I don't do what he tells me

[11:26] {nemo} he's got a rifle

[11:26] {KSystems} how rude

[11:27] {Threei}  rude and proud of it

[11:27] {nemo} nicht geduldig, ksystems

[11:27] {Threei}  US) HOUSE MAJORITY LEADER HOYER (D): EXPECTS THE HOUSE TO PASS THE TARP RENEWAL BILL TODAY, SEES SENATE VOTING ON BILL SOME TIME THIS WEEK

[11:27] {KSystems} ganz und gar nicht

[11:27] {Threei}  here it starts again

[11:27] {nemo} uberhaupt nicht

[11:28] {nemo} there you go vad

[11:28] {Threei}  1/4 more DRYS out .88

[11:29] {nemo} adbe's falling over

[11:29] {Threei}  good

[11:29] {Threei}  lol

[11:29] {nemo} tna

[11:29] {nemo} did it again, sorry

[11:30] {Threei}  CHRYSLER SAYS PLANTS ARE ON TRACK TO REOPEN AS SCHEDULED ON JAN 19-20 - WSJ

[11:30] {Threei}  - Chrysler said could change plans if auto sales stay weak{GM}

[11:30] {nemo} that's definitive

[11:31] {Threei}  DRYS stop for the last portion is .65

[11:31] {Threei}  back in black

[11:32] {KSystems} hrmm not yet

[11:32] {KSystems} me at least

[11:32] {nemo} AC/C fan?

[11:32] {nemo} AC/DC

[11:32] {Threei}  you in DRYS still ks?

[11:32] {KSystems} yeah. one quart

[11:33] {nemo} wow drys

[11:33] {KSystems} but i also took one RIMM trade that wasnt really there. meaning, i saw market strength at one point where you didnt :)

[11:33] {KSystems} thats the reason

[11:33] {Threei}  with two sizeable RIMM wins and this DRYS, should be in black

[11:33] {Threei}  oh

[11:35] {Threei}  RIMM is remarkably weak

[11:35] {dino} lphi bloody, thin one

[11:36] {nemo} tza

[11:36] {nemo} damn

[11:38] {dptl} have a good rest of the day all......got to go...

[11:38] {fernp} bye dp

[11:38] {Threei}  take care dp

[11:39] {Threei}  FED'S PLOSSER: US WILL NOT BE A 'HOSTAGE' TO CHINA'S EASING GROWTH - COMMENTS TO REPORTERS

[11:39] {Threei}  - Notes wants the balance sheet to look better

[11:43] {KSystems} cujo, yould you look up in your top bar? there should be a PM from me

[11:44] {lisa_jay} ctxs

[11:44] {KSystems} jamie?

[11:46] {nemo} jaimie is seine geheimname

[11:47] {KSystems} ;)

[11:49] {lisa_jay} sqnm

[11:50] {hawkfan4} was just gonna type that lisa, 24.05 break for a scalp, risky

[11:50] {larisa} good alert earlier on SQNM bottom lisa

[11:51] {ese} alright....who cut me off.........why aye otta.......

[11:51] {lisa_jay} I am in, so please Hawk your buying power would set it off.

[11:51] {lisa_jay} Thanks Larisa.

[11:51] {hawkfan4} lol :)

[11:52] {KSystems} nemo just doubleclick my nick

[11:52] {KSystems} and use that window

[11:57] {Threei}  guys, quick comment while it's relatively quiet

[11:57] {Threei}  bahamas conference agenda is finalized, aith dates and venue

[11:58] {Threei}  use banner from our homepage to read the details

[11:58] {Threei}  and make sure to let me know who decides to attend

[11:58] {Threei}  officially, so we shake hands, chat, have a drink... in reality, so I could hide from you

[11:59] {Threei}  (magoo oarticularly)

[11:59] {nemo} Drinks plural

[12:00] {Threei}  certainly in Russian

[12:03] {nemo} Don't worry, he can't get the rifle to the Bahamas

[12:04] {nemo} ehh...shoulda' played ADBE

[12:04] {Threei}  he has elbows... and I asked dino to put his elbow in magoo's ribcage on my behalf too many times

[12:05] {nemo} I'll protect you.  My rates are reasonable

[12:07] {dino} will do

[12:08] {nemo} Vaddddddd...How you gonna' hide...you're presenting!!!

[12:08] {Threei}  I'll wear ski mask

[12:09] {nemo} Ahh...you can always send your nice twin...

[12:09] {geo} you mean the thin twin

[12:10] {nemo} I wasn't going there

[12:10] {Threei}  lol

[12:10] {Threei}  first who says smart twin gets bludgeoned wqith trout

[12:10] {nemo} smart TWIN

06[12:10] * geo slaps nemo around a bit with a large trout

06[12:11] * Threei practices restraint

[12:11] {geo} orders are ordes

[12:11] {nemo} look behind you geo :)

06[12:11] * geo ducks

[12:12] {lisa_jay} Hawk...SQNM looking like a bear flag now to me...not moving.

[12:12] {nemo} Vad...what's read on market.  Seems to be steadily recovering

[12:13] {Threei}  yes... not sure about lunch time moves though

[12:13] {hawkfan4} i still like it if it breaks .05 lisa, under .80 not so much

[12:13] {nemo} Understand.  Volumes seem to be steady

[12:13] {lisa_jay} I was a bit premature....entered on break of .04.

[12:14] {dino} deck big turnaround

[12:14] {lisa_jay} Now it cant do it again.  Stop is under .80...losing .90 is shaky now.

[12:15] {nemo} lisa...you playin' sqnm?

[12:15] {Threei}  can DRYS break 15?

[12:15] {lisa_jay} yes Nemo

[12:16] {lisa_jay} Might get stopped out i think.

[12:17] {nemo} gonna' be close

[12:21] {Threei}  DRYS is trying to form C&H

[12:22] {Threei}  US CONGRESSMAN LEVIN: EXPECTS OBAMA ADMINSTRATION WILL LOOK AT ALL OPTIONS TO PUT PRESSURE ON CHINA TO REVALUE THE YUAN

[12:23] {nemo} What...devalue the $ and thus devalue their treasuries...they ain't stupid.

[12:23] {lisa_jay} APOL coiled.

[12:23] {Threei}  DRYS ruined setup before triggering

[12:25] {nemo} yeah...apol looks interesting lisa

[12:25] {nemo} lunchtime market souring a bit

[12:26] {Threei}  so far just listless drifitng

[12:26] {nemo} a Bohemian afternoon

[12:30] {dino} inflate that debt away 3i

[12:30] {Threei}  yup... and commodities deflation helps

[12:31] {i2romantis} took PALM at .37 sm l and EGLE at .44 sm l, selling at around 3:30 or so.

[12:31] {Threei}  i2r firmly sawitched to trading in time units

[12:32] {i2romantis} that's when I don't have enough time for scalping

[12:32] {i2romantis} by the way, went through the CDs, morning tune up etc, what a great concept, really loved it

[12:33] {Threei}  :)

[12:36] {nemo} Vad, vodka o.k. for morning tuneup?

[12:37] {Threei}  and afternoon polish-up

[12:37] {nemo} and evening dust up

[12:38] {dino} indeed nemo

[12:38] {nemo} I was just going to say are we getting an HS top on ADBE

[12:38] {i2romantis} lol

[12:39] {dino} asei spike, thin

[12:40] {i2romantis} I don't know if everyone went through the entire program, by I wish I had access to this back in 2003, i'd be in a lot better shape now

[12:40] {Threei}  I may have to take it...

[12:40] {i2romantis} Has anyone played with stops that simply are about to die, i.e. bancruptcy cases?

[12:40] {Threei}  my shape is wanting

[12:40] {i2romantis} stocks*

06[12:40] * geo rushes to heal vads hand

[12:40] {i2romantis} lol

06[12:41] * geo thinks too much patting may have damaged it

[12:41] {nemo} What's vad talking about?

[12:41] {dino} no, most likely they will get wiped out, halted, etc

[12:41] {nemo} Is that his bad shoulder?

[12:42] {i2romantis} k

[12:42] {geo} y

[12:42] {nemo} jelly

[12:42] {wishbone} lol

[12:42] {wishbone} quick wit

[12:43] {nemo} that was kind

[12:43] {wishbone} roflol

[12:43] {wishbone} that was awesome nemo

[12:43] {geo} lol

[12:43] {nemo} broken clock. I'm usually right twice a day

[12:45] {Threei}  long time no see - FMCN

[12:45] {Threei}  climbing against the market

[12:45] {nemo} they got in a lot of trouble in China for cell phone spamming

[12:47] {nemo} lisa, did you get stopped?

[12:48] {Threei}  FSLR

[12:48] {Threei}  HEARING PIPER JAFFRAY MAKING POSITIVE COMMENTS

[12:50] {dino} they need to unload some

[12:57] {_cujo} drya near 15 again

[12:57] {_cujo} drys

[12:57] {Threei}  yes cujo... problem is, it didn't form its own setup

[12:57] {Threei}  simply drifted with market

[12:58] {_cujo} got ya

[12:58] {Threei}  it's scalpable if it gives a delay vs strong market move

[12:58] {nemo} ty vad

[12:58] {Threei}  not really this case

[12:59] {Threei}  a bit earlier when it formed C&H,

[12:59] {Threei}  if it finished the formation and broke wikth market help, that would be a very valid play

[12:59] {nemo} vad, on sqnm that volatility between 12;42 and 12:50, was that to shake out stops?

[13:00] {Threei}  well, not a malicious plan

[13:00] {Threei}  thin stock does this kind of things easily

[13:00] {Threei}  and market drifted lower at the time

[13:01] {nemo} ty

[13:01] {Threei}  resault is just the same though

[13:01] {i2romantis} nevermind, took PALM and EGLE profits and set buys lower for later play

[13:01] {Threei}  FED'S STERN: CREDIT STRAINS ARE REAL, MARKET CONCERNS ARE AFFECTING ECONOMY RECOVERY, PLENTLY OF TIME TO BRING DOWN FED BALANCE SHEET

[13:01] {Threei}  how exactly do they plan to bring it down?

[13:02] {Threei}  WSJ REPORTS THE STIMULUS PACKAGE IS CURRENTLY REACHING A TOTAL OF $850B

[13:02] {Threei}  merely?

[13:02] {Threei}  by the time all pork-seekers are done with it, ijt will be 1.5T

[13:05] {dino} as a % of gdp not even our highest.

[13:05] {Threei}  no

[13:06] {Threei}  my point is... at any point in time, do these guys intend to tell us

[13:06] {Threei}  what they did with everything they got so far

[13:06] {dino} and, don't kid yourself, they are planning to de-value $ by up to 30%, sothat will take care of 1/3 of it

[13:06] {Threei}  and everything they ask for?

[13:06] {wishbone} whatever happened to m3 reporting?

[13:06] {dino} no on your point.

[13:06] {Threei}  lol

[13:06] {Threei}  OK

[13:06] {Threei}  just asking

[13:07] {dino} they don't really care, every administration puts it on a future one

[13:07] {dino} they care about elections, plain and simple

[13:07] {Threei}  wait

[13:07] {dino} wasn't obama going to balance this in his campaign? see...

[13:07] {Threei}  you mean main thing politician carees about is election??

[13:07] {Threei}  noooo

[13:07] {Threei}  tell me it isn't so

[13:08] {Threei}  my world is crashing

[13:08] {dino} promise the world, but do as you please

[13:09] {larisa} just like men

[13:10] {lisa_jay} apol

[13:10] {dino} lol, tell them what they want to hear larisa

[13:10] {Threei}  and make sure lipstick is very red

[13:11] {Threei}  wow DRYS

[13:11] {Threei}  brutal drop

[13:11] {Threei}  breakout buyers just got

[13:11] {Threei}  umm

[13:11] {Threei}  what's the word

[13:11] {dino} deck blood

[13:16] {Threei}  look ACOR daily

[13:16] {Threei}  what a beautiful breakout formation

[13:16] {Threei}  I wish market had a bit more confidence, I'd take this play in a heartbeat

[13:17] {Threei}  and for much more than a scalp

[13:17] {Threei}  25 is written all over it

[13:19] {Threei}  selling wave is coming ost likely

[13:20] {Threei}  watch DRYS for these quick trips down about 10-15 cents, usually provides small scalp opportunity on bounce

[13:20] {lisa_jay} Beige book at 2.

[13:21] {Threei}  the way it looks lately, it should be named black book

[13:21] {dino} pandora's box

[13:25] {Threei}  FED'S STERN: THERE WERE NO GOOD OPTIONS TO SAVE LEHMAN

[13:25] {nemo} acor

[13:25] {nemo} damn

[13:25] {Threei}  ?

[13:26] {nemo} two computers

[13:26] {Threei}  ah

[13:26] {nemo} trying to get the gps coordinates of your office

[13:28] {Threei}  watch DRYS for losing .80, quick drop and immediate bounce

[13:29] {nemo} resistance?

[13:29] {Threei}  PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET

[13:29] {Threei}  **reminder: the last Beige Book, released on 12/3 stated:

[13:29] {Threei}  - the economy weakened across all districts since early October, manufacturing declined in most districts, lending contracted, loans terms got tighter.

[13:31] {Threei}  C, what a disaster

[13:32] {nemo} Prince Alaweed must be BS!!

[13:32] {Threei}  why didn't we short 5 breakdown?

[13:32] {nemo} Your running the asylum, remember?

[13:35] {dino} lol

[13:39] {_jamie} bbbbbbbbbbbbbbbbrrrrrrrrrrrrrrrrrrrbbbbbbbbbbbbbbbbbb!!!!!

[13:39] {dptl} back

[13:45] {dino} ..

[13:45] {Threei}  closest resistance for C is 4.80

[13:46] {Threei}  worth watching, maybe short will shape up

[13:54] {lisa_jay} .

[13:54] {Threei}  market is locked in 5-10 points

[13:54] {lisa_jay} :-)

[13:54] {Threei}  anyone's guess which way it breaks

[13:54] {Threei}  when it does

[13:54] {Threei}  and if it does

[13:55] {Threei}  I mean, may be it never breaks... just stays here forever

[13:55] {larisa} you still can not retire

[13:56] {Threei}  sigh

[13:58] {i2romantis} lol

[13:59] {i2romantis} but he's going to bahamas

[13:59] {larisa} that he can do as soon as he comes back :)

[14:00] {larisa} soon=long

[14:00] {larisa} english is so hard

[14:01] {peterg} anguish languish

[14:01] {Threei}  FED'S BEIGE BOOK: GENERALLY WEAK CONDITIONS IN MANUFACTURING AND HOUSING, ECONOMIC CONDITIONS WEAKNENED FURTHER IN LAST MONTH

[14:01] {Threei}  I don't know Larisa... some never return from that place...

[14:02] {Threei}  must be dangerous

[14:02] {Threei}  Wages pressures have remained largerly contained, layoffs continue in most districts

[14:02] {Threei}  - Sizeable price discounting seen during holidays

[14:02] {Threei}  - Seeing lending activity has fallen with tighter conditions; credit quality still a concern

[14:02] {i2romantis} this isn't your first visit there, Vad, is it?

[14:02] {Threei}  bahamas first

[14:02] {dino} trojan attack hit system, just blocked

[14:03] {Threei}  I am mostly Hawaiian guy

[14:05] {Threei}  as expected, Beige book is not much of event

[14:07] {Threei}  whis strange actually

[14:07] {Threei}  I mean:

[14:07] {Threei}  layoffs continue, prices drop, lending falls, etc

[14:07] {Threei}  how come we don't rally yet?

[14:09] {Threei}  I start getting feeling we are about to

[14:10] {Threei} Long Setup:  ACOR  23.16 break half lot

[14:10] {Threei}  if stays above 23

[14:14] {dino} giddy-up\

[14:14] {larisa} please market, not all the way down

[14:14] {Threei}  with poullback forst, but feels like generally giddy up

[14:14] {Threei}  oh boy

[14:15] {Threei}  my typing seems to be getting worse by minute

[14:16] {Threei}  PRES ELECT OBAMA: EXPECTING TIMOTHY GEITHNER TO BE CONFIRMED AS NEXT TREASURY SECRETARY

[14:17] {Threei}  squeeze is coming IMO

[14:18] {Threei}  unless of course someone in political circles opens their big mouth again

[14:20] {Threei}  NQ needs to break 1170

[14:21] {Threei}  QQQQ corresponding level is .85

06[14:24] * Threei kicks the market in the rear with heavy duty army boots

[14:24] {KSystems} ACOR valid even with market dropping?

[14:24] {Threei}  higher chance of shakeout

[14:24] {Threei}  but with half lot, worth a try

[14:25] {Threei}  it want market support but it's not exactly market follower

[14:27] {KSystems} in ACOR then

[14:27] {KSystems} .18

[14:32] {nemo} am i back?

[14:32] {KSystems} yep

[14:32] {nemo} vielen dank

[14:33] {peterg} hmmm.......I seem to have been gone, too

[14:33] {Threei}  ACOR hit 1:1

[14:33] {peterg} diese ganze verfluchte systeme

[14:33] {KSystems} yep out ACOR .36

[14:34] {KSystems} thank you :)

[14:34] {Threei}  sure

[14:34] {nemo} verdammte!

[14:34] {Threei}  and market starts squeeze I was talking about for so long..., like Bolshevik about revolution

[14:34] {peterg} genau!

[14:34] {Threei}  guys, I'd advice to set up mIRC

[14:34] {Threei}  or advise

[14:34] {peterg} would if could

[14:35] {peterg} 3

[14:35] {Threei}  hobbit is still a third party

[14:35] {peterg} x now

[14:35] {nemo} sorry I missed the revolution

[14:35] {Threei}  talk to KS

[14:35] {Threei}  he will help

[14:35] {peterg} ill try tmo am

[14:35] {Threei}  it's not really that hard, just had to gnaw through it one time

[14:35] {peterg} before open

[14:35] {Threei}  ACOR is coming into 1:2

[14:36] {KSystems} I'll be here early tomorrow

[14:36] {peterg} tks

[14:36] {nemo} Yeah, but early for you is really lunchtime KS

[14:36] {KSystems} huh? you in china, nemo?

[14:39] {Threei}  OK guys, make your decision on ACOR

[14:39] {Threei}  I still believe it has more upside in general,

[14:39] {Threei}  but it spiked vertically

[14:40] {Threei}  and we are still in a very shaky market

[14:40] {Threei}  1:2 is nothing to sneeze at

[14:41] {wishbone} anyone else lose connection to room?

[14:41] {KSystems} everybody connected via mibbit did, wish

[14:41] {hawkfan4} yes wish

[14:41] {Threei}  yes wish, KS was power-hungry and decided to demosntrate everyone on hobbit he can kick

[14:41] {wishbone} ok ty

[14:42] {dino} y wish

[14:42] {Threei}  again guys... go once through this pain and set up mirc

[14:44] {nemo} I got disconnected on the mirc

[14:45] {Threei}  that must have been ping delay

[14:45] {Threei}  all others who are on mirc stayed connected

[14:45] {dino} or pong

[14:45] {Threei}  or that

[14:45] {nemo} yeah my ping's a little short

[14:45] {wishbone} lol

[14:47] {Threei}  ok, ACOR firmed the day as green... now it's mine to lose

[14:50] {peterg} rude

[14:50] {peterg} peremptory

[14:50] {peterg} haughty

[14:59] {Threei}  ACOR nice run... 60 cents from trigger

[15:00] {dino} somebody slap me, thinking of long swing trades

06[15:00] * Threei slaps dino around a bit with a large reminder it's not a bull market yet

[15:01] {dino} ty

[15:02] {nemo} gotta' head out and miss all the last minute excitement.  Hate to have to pull out early

[15:03] {patience} what are you thinking of trading dino?

[15:04] {dino} gg, mcd, wmt, t

[15:04] {patience} short?

[15:05] {dino} maybe safer to just buy some s&p

[15:05] {dino} no thinking bounce time 

[15:05] {dino} of course, maybe we do not hold

[15:05] {Threei}  ED

[15:06] {Threei}  10 CONED SUPERVISORS HAVE REPORTEDLY BEEN CHARGED IN KICK BACK SCHEME OVER CONSTRUCTION PROJECTS

[15:06] {patience} what i know for sure is that there are too many unknowns out there, scalping works right now

[15:07] {dino} -11% on s/p, dji, 10% ndx

[15:07] {dino} since 01/06

[15:07] {dino} safer yes

[15:08] {dino} i'm just seeing the pattern, 8100-8300 to 9000

[15:08] {Threei}  ED... .20 break probably worth a try on a short side if stays under .30

[15:13] {KSystems} in ED

[15:13] {magoo} baxck

[15:13] {wishbone} in ed

[15:13] {Threei}  you missed ACOR mags?

[15:13] {magoo} ED price looks a lil soft

[15:13] {magoo} yeah

[15:13] {Threei}  grrr

[15:14] {magoo} tech difficulties here

[15:14] {Threei}  was your kind of play

[15:14] {magoo} points?

[15:14] {Threei}  about 60 cents

[15:15] {magoo} nice

[15:15] {Threei}  die ED

[15:16] {Threei}  ACOR just goes

[15:16] {Threei}  told ya it wasn't a scalp

[15:17] {Threei}  ED almost 1:1 on last dive...

[15:18] {Threei}  full dollar ACOR

[15:19] {larisa} lol, can get to 25 

[15:19] {dino} patience, pull up 3 or 4 month index charts, see what happens starting week before expiration.

[15:20] {Threei}  [13:17] {Threei} 25 is written all over it

[15:20] {dino} gj

[15:20] {Threei}  hit 24.94

[15:21] {dino} and see what happens last week of month

[15:21] {Threei}  sheesh ED... 1 cent shy of 1:1

[15:21] {Threei}  and bounced all the way back?

[15:21] {Threei}  aggressive entry was the way to go on it... near .30

[15:21] {Threei}  hindsight is always 20/20

[15:22] {larisa} it ignored news, followed market though

[15:22] {Threei}  yes

[15:22] {wishbone} stopped ed

[15:23] {patience} looking now dino

[15:23] {KSystems} ed stopped

[15:25] {magoo} easy 25 acor vad

[15:25] {magoo} and more

[15:26] {Threei}  well... with original call at 23.16, I am a bit hesitant to get it here :)

[15:26] {Threei}  but here is my 25

[15:26] {larisa} how did you find ACOR vad ? it had no volume.

[15:26] {hawkfan4} beauty vad, call that is

[15:27] {Threei}  thank you for elaboration hawk

[15:27] {Threei}  scanner lasrisa

[15:27] {larisa} do not call me that

[15:27] {Threei}  sorry

[15:27] {larisa} lol

[15:27] {Threei}  :)

[15:28] {Threei}  with my typing skills, I call a lot of people a lot of things

[15:28] {Threei}  to be fair, they do the same to me

[15:28] {larisa} I do not, so expect same from you

[15:28] {Threei}  strict gal...

[15:30] {dino} week before -5%to -10%+ then end of month spikes 5%+ to 10%

[15:30] {Threei}  with inauguration and some steps being announced immediately after, dino...

[15:30] {Threei}  anything can happen

[15:31] {dino} 3:35-3:40 time

[15:31] {dino} since oct. tho, this is the pattern

[15:32] {dino} major window dress at end of month (fed says, don't worry about it, keep investoprs from seeing truth, wink wink)

[15:32] {Threei}  interestingly, DRYS didn't follow the market down this time

[15:32] {dino} then major hits start week before expiration through exp.

[15:33] {patience} and i've scalped options on this pattern but it feels like it is changing

[15:34] {dino} ok, at least you see what i see, i wanted to know if it was just me

[15:35] {dino} altho, not sure on changing, jan right on so far

[15:35] {dino} do you feel up change or down chgange patience

[15:35] {patience} down

[15:36] {dino} meaning breaking down lower?

[15:36] {patience} y

[15:36] {dino} ok

[15:36] {wishbone} vad us in acor?

[15:36] {Threei}  no

[15:36] {wishbone} ok ty

[15:38] {KSystems} may i ask where you exited?

[15:39] {Threei}  me? ACOR?

[15:39] {KSystems} yeah

[15:39] {Threei}  .34 and .65

[15:39] {KSystems} oh

[15:39] {KSystems} ok

[15:39] {patience} dino, just remember i was one who believed you would never see oil below 80 again or the u.s. dollar gaining

[15:39] {larisa} lol

[15:40] {fernp} RIMM lod

[15:40] {dino} you may be right here on markets

[15:41] {dino} and i understand, just respect your feel

[15:42] {patience} my sister and i, just because we're cheap, decided to cash in our bonus points with various programs for gas coupons, etc.    who knows how long those programs last when redemption requests hit them.....  lol

[15:42] {dino} makes ense

[15:44] {Threei}  barring some geopolitical developments, I start getting this feel that oil won't hold above 30

[15:45] {Threei}  and if not for Gaza war, it would probably be there already

[15:47] {dino} and ironically, we are challenging record lows in my area today, tomorrow and sat.

[15:48] {Threei}  that's a matter for Al Gore

[15:48] {KSystems} well :) russians didnt cut off your gas, did they :))

06[15:48] * larisa slaps KSystems around a bit with a large trout

[15:48] {KSystems} not you!

[15:48] {larisa} lol

[15:48] {KSystems} tey really did

[15:49] {dino} no

[15:49] {larisa} you are cold KS ?

[15:49] {Threei}  12:23] {Threei} (RU) RUSSIAN AMBASSADOR TO EU: RUSSIA IS "TOO CIVILIZED" TO CUT OFF ENERGY SUPPLIES TO THE EU

[15:49] {Threei}  [12:24] {Threei} let's remember this 'too civilized"

[15:49] {Threei}  [12:24] {Threei} my prediction is, come winter we will have a few occasions to return to this sentence

[15:49] {dino} but u.s. is going thru major freeze right now

[15:49] {Threei}  08/29

[15:50] {wishbone} vad how did u find that so fast?

[15:50] {patience} i'll do my part dino...sending you the giant container of vodka martini's that sits next to the diet food - emergency energy supply

[15:51] {dino} nice

[15:51] {Threei}  knowing I'll have my fun with it come winter, I saved it :)

[15:51] {wishbone} lol

[15:51] {Threei}  anyway, can you be "too covolized"?

[15:51] {Threei}  civilized

[15:51] {wishbone} but now u told secret and i'm not as impressed

[15:52] {larisa} not Russians of course, Ukranians can :)

[15:52] {Threei}  well, you are supposed to be impressed by my prophetic powers, not by fast search :)

[15:52] {wishbone} like magician showing secret to trick:)

[15:52] {dino} rumors mark to market repeal

[15:53] {Threei}  again?

[15:53] {Threei}  I am telling you... we are totally back in September

[15:53] {Threei}  or October

[15:53] {Threei}  which I don't mind actually

[15:54] {dino} it should be repealed, they are marking these assets at 10-20% on the $, ridiculous

[15:54] {Threei}  the farther this uncertainty pushes market down, the hugeer our rally will be

[15:55] {Threei}  or enormouseer

[15:55] {KSystems} ouch

[15:55] {KSystems} unbelievabler?

[15:55] {dino} lol, word

[15:55] {larisa} lol

[15:55] {Threei}  double e, KS

[15:55] {KSystems} unbeelievabler?

[15:55] {Threei}  unbelieavbleer

[15:55] {KSystems} what does it have to do with bees

[15:55] {KSystems} oh

[15:56] {Threei}  and that should have been a question to Shakespear... he tried to count bees with his famolus "Two bee or not two bee"?

[15:57] {larisa} ok, this one IS funny

[15:57] {Threei}  FINALLY!

[15:57] {KSystems} yes i have to admit

[15:57] {Threei}  my life purpose is acheieved

[15:58] {KSystems} still no time for retirement

[15:58] {KSystems} FORGET that

[15:58] {Raven} {-------- faints

[15:58] {Threei}  what retirement? I can die happily now

[15:58] {Threei}  sorry R... I know it must have huirt

[15:58] {KSystems} even this is cosidered form of retirement and requires approval

[15:58] {Threei}  I wonder how peter took that

[16:00] {Threei}  OK guys... not easy by any means but much better day than last two

[16:00] {Threei}  thank you all

[16:00] {larisa} see you  guys, KS stay warm, sorry about russians :)

[16:00] {Threei}  have a good evening

[16:00] {_cujo} thanks Vad

[16:00] {_cujo} you too

[16:00] {Threei}  see you tomorrow

[16:00] {wishbone} good nite all

[16:00] {Threei}  nag KS about that mirc

[16:00] {_cujo} bright and early

06[16:00] * KSystems slaps larisa around a big with a large russian

[16:00] {larisa} lol

[16:00] {Threei}  the more you tire him the less he will object against my retirement

[16:01] {dptl} gn all