Jan 16 2009

Beautiful end to a questionable week. Even though our working assumption (strong rally) did not materialze till later in the day, and was not anywhere as strong as we anticipated, trades worked out nicely. Trade of note was almost all day long PALM hold for almost a dollar gain on relatively big shares; a few scalps throughout the day done in accordance with umbrella concept allowed to increase the profit from this trade even more.

 

Session Time: Fri Jan 16 00:00:00 2009

[07:40] {nemo} mornin'

[07:57] {nemo} Where's the sleepless asylum boss

[08:01] {Threei}  here

[08:02] {Threei}  good morning :)

[08:03] {nemo} whoa! looks like my cold broke last night.  One day was enough...I'm such a p**dah.

[08:04] {Threei}  lol

[08:04] {nemo} How are you today

[08:05] {Threei}  alive

[08:05] {Threei}  which is a nice surprise every morning

[08:05] {nemo} another day above ground, huh?

[08:06] {nemo} Eh, how do we know?

[08:06] {Threei}  eqzaktly

[08:06] {nemo} Oh, I think Georgy was what Zhukov used to call Stalin

[08:06] {_cujo} good morning all. 

[08:06] {Threei}  cujo :)

[08:07] {nemo} dog :)

[08:07] {_cujo} grrr windows restarting....  brb

[08:20] {nemo} Futures up on the roof

[08:21] {Threei}  yup... rally mode

[08:22] {nemo} funny...financials down...

[08:23] {Threei}  not really a big surprise

[08:23] {Threei}  financials is not what is going eventually leads us out of this mess

[08:23] {Threei}  to lead us

[08:24] {nemo} no, I suppose...they'll be down for a while.  For all intents and purposes, there are no financials.  Just Potemkin Villages called banks

[08:24] {Threei}  lol

[08:24] {Threei}  good reference

[08:24] {nemo} Catherine was quite a girl

[08:31] {ese} "People all over the world"  "Join hands"  "Start a love train....LoveTrain"  "People all over the world" my moring hello by the O'Jays.

[08:31] {Threei}  morning ese :)

[08:31] {ese} hey vad

[08:32] {Threei}  serious bidder PALM

[08:32] {nemo} what stocks watchin' this mornin'

[08:33] {Threei}  on a day like this you can watch pretty much whole market...

[08:33] {Threei}  PALM, DRYS, RIMM

[08:33] {_cujo} If you don

[08:33] {nemo} thought you might say that,  slw auy probably the solar's too

[08:34] {_cujo} If you don't have any scanning software how many stocks can you watch with enough detail?

[08:34] {Threei}  it has potential to turn into whole day non-stop rally

[08:35] {Threei}  not sure I understand the question cujo

[08:35] {Threei}  as many as your attention span allows? :)

[08:36] {nemo} 1

[08:36] {_cujo} sometimes when i have north of 10 names in quote monitor and trying to watch all 10 I start missing things on the chart.  How many names do you suggest we have and try to actively watch?

[08:36] {Threei}  I can;t answer that simply because this is not at all how I do things

[08:36] {_cujo} got ya

[08:38] {Threei}  there is a general notion in psychology saying that human attention starts breaking down by parts when trying to keep up with more than 7 objects

[08:38] {nemo} I lost it trying to keep up with 1 wife

[08:38] {Threei}  people during the party talk as a group if there are 7 and less of them for instance,

[08:38] {Threei}  but exceed this number, and party will naturally break down by two groups

[08:39] {Threei}  Put up to 7 subjects on the table, and most people can count them without actually counting

[08:40] {Threei}  just gauging by a single glance

[08:40] {Threei}  Exceed 7, and most people will have to actually count

[08:40] {i2romantis} morning everyone :)

[08:41] {Threei}  that would explain why your attention starts breaking them down by gropous when you observe about 10 stocks

[08:41] {Threei}  i2r :)

[08:41] {i2romantis} 3i:)

[08:41] {wishbone} good morning

[08:41] {Threei}  wish :)

[08:41] {_cujo} makes sense

[08:43] {i2romantis} what is going on with PALM

[08:43] {i2romantis} i sell it and it goes up another $1? that's just not cool :)

[08:43] {Threei}  lol

[08:43] {Threei}  it has become a market follower

[08:44] {Threei}  if we get the kind of rally I suspect we get today, I won't be surprised to see it gaining another buck

[08:46] {Threei}  daily chart wise, it has no significant resistance up to 9

[08:48] {i2romantis} ok

[08:49] {Threei}  doesn't mean it can get there without broad market rally

[08:49] {Threei}  but today so far looks like we will get just that

[08:49] {Threei}  08:17am Baltic Dry Bulk Index -3%, a second straight decline

[08:49] {Threei}  DRYS is gapping up solidly despite that

[08:52] {Threei}  closer to opening I'll suggest a strategy for today to try and utilize the day's potential to its fullest

[08:52] {Threei}  meanwhile, refresh quickly in memory umbrella concept

[08:56] {Threei}  ALERT: ALL NYC, CHICAGO CUSTOMER PHONE LINES ARE DOWN.

[08:56] {Threei}  -Network engineering has a ticket open with Verizon they appear to have a NYC area switch failure. No ETA.

[08:56] {Threei}  wow

[08:57] {nemo} wonder if that's data lines too

[08:59] {ese} that can cause a panic....turn a day from positive to negative in a hury

[09:04] {lisa_jay} Good Morning.

[09:04] {Threei}  lisa :)

[09:06] {ese} lisa

[09:07] {Peterg} good morning

[09:07] {Threei}  as long as it's not a terrorist act, should be of no consequense ese

[09:07] {lisa_jay} Hi Ese.

[09:07] {Threei}  peter :)

[09:07] {elepet} good morning

[09:07] {Threei}  elepet :)

[09:07] {Peterg} will we ever get history?

[09:07] {Peterg} of chat?

[09:07] {Threei}  peter... success connectiong on autopilot today?

[09:07] {Peterg} Yep

[09:07] {Threei}  OK

[09:07] {Peterg} tks

[09:08] {Threei}  doubt on replay, it's not a feature of server-side software

[09:08] {Peterg} so is this better than the old way, kemosabe?

[09:08] {Threei}  what I can do is, repost in the floor important parts of pre-market conversation, close to opening

[09:08] {KSystems} Morning!

[09:08] {Threei}  KS :)

[09:08] {_cujo} morning KS

[09:09] {Threei}  no, it's worse

[09:09] {ese} ks......

[09:09] {Threei}  but you don't think we have switched to new server in order to get rid of that feature?

[09:09] {Peterg} what, the record feature?

[09:09] {Threei}  replay

[09:10] {Peterg} assumed quest was for stability of platform

[09:10] {Threei}  that's korrekt

[09:10] {elepet} thanks I was about to ask the question how do i find out what happened before I logged on? is replay the answer? if so, how?

[09:10] {Threei}  or is it korreqt?

[09:10] {Peterg} really don't know why, basically following orders

[09:10] {Peterg} like both variants

[09:11] {Threei}  you can't elepet

[09:11] {Peterg} in the new world there is no history only the eternal now

[09:11] {Threei}  right

[09:11] {Peterg} good for trading mentality

[09:11] {cosmo} each moment, once created, exists for all eternity

[09:11] {hawkfan4} gm all

[09:11] {Peterg} oooh

[09:12] {Threei}  cosmo, that deep

[09:12] {Threei}  hawk :)

[09:12] {cosmo} sorry

[09:12] {Peterg} very good!

[09:12] {dptl} gm all

[09:12] {Threei}  dp :)

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

[09:13] {dptl} :)

[09:13] {Peterg} so perhaps one should leave discussions permanently on...?

[09:13] {Peterg} 24/7

[09:13] {Peterg} then history is recorded

[09:13] {Threei}  why not

[09:13] {Threei}  you were out for a few days when it developed peter... old server started literally falling apart

[09:14] {Threei}  5-10 disconnects a day

[09:14] {Peterg} uh oh, dino is getting booted

[09:14] {Peterg} yeah vad I missed the disintegration

[09:16] {Threei}  KS led us to safety, over the span of two days

[09:16] {Threei}  building things on the go

[09:16] {cosmo} parting the waters. etc.

[09:16] {Peterg} Our own Moses, leading the tribe

[09:17] {Threei}  there you go.... some appreciation fiinally :)

[09:17] {Threei}  be back in 5

[09:17] {cosmo} and for the next 49 years...

[09:17] {cosmo} 40

[09:18] {Peterg} yeah, I remember that part, too :)

[09:18] {Peterg} I will then be at the age at which I will have been dead for a while

[09:18] {Peterg} So meanwhile lets make some money

[09:19] {Peterg} have some fun  (cue song, all I want to do.....)

[09:21] {ese} "If I had a million dollars......i'd buy me a fur coverd sink"

[09:21] {Peterg} whats that singers name?

[09:21] {ese} "If I had a million dollars....I'd buy me an electric dog pollisher"

[09:21] {elepet} are we watching anything except DRYS?

[09:21] {ese} Bare Naked Ladies

[09:22] {Peterg} and all I want to do?

[09:22] {elepet} oh my goodness gracious

[09:22] {ese} hmmmmmmmmmm

[09:22] {cosmo} be friends?

[09:22] {Peterg} ah, blanking on singer's name, all I want to do is have some fun

[09:22] {Threei}  elepet... PALM{ RIMM, and actually whole market

[09:22] {Threei}  working assumption for the day:

[09:23] {Threei}  broad rally

[09:23] {ese} drys palm and rimm i think ele

[09:23] {Threei}  probably with some volatility and possible pullback at the open

[09:24] {Threei}  if that starts materializing, I'd suggest to think of utilizing umbrella concept,

[09:24] {fernp} Hi everybody

[09:24] {ese} fern....

[09:24] {Peterg} Googled line; Cheryl Crow is singer 

[09:24] {Threei}  taking core position in a stock you like, PALM for instance

[09:24] {Threei}  and as and if it goes in your direction

[09:24] {ese} aahhhhhhhh!!!

[09:24] {Threei}  keeping that position while scalping on another lot when setups shape up

[09:25] {ese} i wouldn't have got that...

[09:25] {cosmo} i thot it was Cher

[09:25] {Peterg} Sheryl

[09:25] {nemo} I was wondering about that last night.  As ascending charts create additional set-ups.  I suppose it works in reverse too

[09:25] {Peterg} dino got kicked again

[09:26] {Peterg} I feel his pain

[09:26] {Threei}  that concept is illustrated in scalping video course nemo

[09:26] {Peterg} or perhaps empathy is based on memory of own pain

[09:27] {Peterg} Heinz Kohut thought so

[09:27] {dino} test

[09:28] {KSystems} you got it!

[09:28] {ese} dino.......

[09:28] {dino} how do i save this/

[09:28] {Threei}  dino :)

[09:28] {Peterg} welcome dino you had us worried

[09:29] {cosmo} DRYS pre mkt high = 15.50

[09:29] {nemo} laddering up. Yep...I'll order the whole-shbang this weekend

[09:29] {cosmo} fwiw

[09:29] {Threei}  07:29am [PALM] Price Target raised to $7.50 from $2.50 at BofA/Merrill Lynch, maintains Neutral rating

[09:30] {dino} thx peter, had to re-enter everything again

[09:30] {Peterg} about fifty times

[09:30] {Threei}  PALM 7 break

[09:31] {Threei}  with stop under 6.90

[09:31] {dino} yeah

[09:31] {Threei}  invalidated

[09:33] {nemo} Vad, do you have Will and Ariel Durant's series?

[09:34] {Threei}  DRYS, either pullback into 7 or .30 break if holding .15

[09:34] {Threei}  watch market for lead

[09:35] {Peterg} 7?

[09:35] {lisa_jay} DRYS or PALM?

[09:35] {Threei}  DRYS, 15

[09:35] {Threei}  if market reverses to upside

[09:35] {Threei}  and DRYS holding 15

[09:35] {Peterg} and fat lady sings

[09:36] {KSystems} nope

[09:36] {Threei}  not yet

[09:36] {nemo} fakeout so far... except for basic materials gold an silver

[09:37] {Threei}  15 re-cross if holding 14.90

[09:37] {KSystems} even with market downticking?

[09:38] {Threei}  no

[09:38] {KSystems} k

[09:39] {Threei}  some green

[09:39] {Threei}  in

[09:39] {KSystems} in

[09:39] {Threei}  stop is obvious

[09:40] {Threei}  PALM, .75 if holding above .60

[09:41] {dino} aapl not following

[09:41] {nemo} jobs

[09:42] {nemo} maybe more profit taking from yesterday's rally

[09:43] {Threei}  market looks greener

[09:43] {dino} gaps above 8448, 1190, 867and below from yesterdays' close

[09:44] {nemo} anybody grab palm?

[09:44] {KSystems} yep

[09:44] {hawkfan4} y

[09:44] {dino} jpm blood

[09:44] {Threei}  PALM half out

[09:45] {Threei}  1.4 more out

[09:45] {Threei}  1/4

[09:46] {Threei}  out in full

[09:46] {KSystems} can you kick drys please

[09:47] {Threei}  not too shabby for %7 stock

[09:47] {wishbone} ty vad

[09:47] {Threei}  welcome

[09:48] {hawkfan4} wowza, thanks vad

[09:48] {Threei}  :)

[09:48] {nemo} DRYS might be held back by the shipping rate drop

[09:48] {Threei}  I guess

[09:49] {Threei}  IMO... unless market reverses hard, PALM will see 8 and above today

[09:49] {Threei}  consider reentering on pullback

[09:50] {nemo} long weekend, might be a pullback @ end of day. Nobody wants to get caught with knickers own

[09:50] {nemo} own=down

[09:50] {Threei}  well... neither many want to be caught short into inauguration rally

[09:50] {nemo} straddles

[09:51] {nemo} that's right up the ETF alley then

[09:51] {nemo} Considering how bad things might really be, is the inauguration "sell the news"

[09:52] {Threei}  DRYS no worky

[09:52] {Threei}  needs deep dump

[09:52] {_cujo} stopped drys

[09:52] {Threei}  PALM is coming into support zone

[09:52] {Threei}  between 7 and 7.20

[09:53] {dino} out mcd swing +1.30

[09:53] {Threei}  wtg

[09:53] {hawkfan4} nice dino

[09:53] {Threei}  in PAL

[09:53] {Threei}  .06

[09:53] {dino} lucky

[09:53] {Threei}  PALM

[09:54] {KSystems} PALM - in .76 - out 1/2 .99 - out 1/4 .12 - out rest .18

[09:54] {KSystems} palm stop under 7?

[09:54] {Threei}  beautifull

[09:54] {cosmo} obamarational

[09:54] {Threei}  different ways to play it

[09:54] {Threei}  one is stop under 7 and be ready to reenter

[09:55] {Threei}  another is wider stop and building core position

[09:55] {Threei}  JAN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 61.9 V 59.0E

[09:55] {patience} +.60 slw overnight hold.....my atm

[09:56] {lisa_jay} nice

[09:56] {hawkfan4} nice

[09:57] {magoo} morning

[09:57] {dino} gj

[09:58] {Threei} Long Setup:  BRCM  17.10 break if stays above 17

[09:58] {Threei}  mags :)

[09:58] {Threei}  half out PALM .32

[10:02] {KSystems} in brcm

[10:03] {Threei}  half out BRCM on spike over .20 is the plan

[10:06] {Threei}  here we go, half out .23

[10:06] {nemo} C&H on BRCM?

[10:06] {Threei}  kind of yeah

[10:07] {dino} sm l cpla .05, stop lod

[10:07] {Threei}  COALITION OF INSURANCE COMPANIES AND INDEPENDENT MARKETING ORGANIZATIONS FILE LAWSUIT AGAINST THE SEC OVER NEW ANNUITIES REGULATION

[10:07] {Threei}  - A coalition of insurance companies and independent marketing organizations has filed suit in federal court to overturn Rule 151A, the newly published rule by the Securities and Exchange Commission that classifies indexed annuities as securities.

[10:08] {magoo} vad, u watching RIMM?

[10:08] {fernp} out TIVO +.10 out ARRS +.10 out CDNS +.10

[10:08] {Threei}  not at the moment mags

[10:08] {Threei}  beauty fern

[10:08] {fernp} one day I will grab .11 and that day... :)

[10:09] {lisa_jay} Fernp you are a true SCALPER....very impressive.

[10:09] {fernp} ty

[10:10] {KSystems} PALM - in .10 - out 1/2 .25 - out rest .06

[10:10] {Threei}  BRCM second half is stopped

[10:11] {KSystems} BRCM - in .12 - out 1/2 .24 - out rest .07

[10:12] {Threei}  don't like market action so far - we have expnading range

[10:12] {Threei}  should jump back up now

[10:13] {nemo} looks like S&P wants to close the gap up

[10:13] {magoo} BAC bouncer vad?

[10:13] {fernp} DPTR braking 5.00, Vad?

[10:13] {Threei}  a bit too narrow...

[10:14] {fernp} ok

[10:17] {nemo} slw falling

[10:18] {dino} axys

[10:18] {patience} just bought slw for a scalp nemo

[10:18] {nemo} your favorite :)

[10:19] {patience} i want the new toys to go wit the new tv   :)

[10:19] {nemo} ahhhh materialism  :)

[10:20] {Threei} Long Setup:  PLD  .25 break

[10:21] {KSystems} argh too late

[10:21] {_cujo} grrrr

[10:21] {Threei}  that was fast

[10:21] {Threei}  should pull back

[10:21] {Threei}  don't chase

[10:22] {KSystems} where would the stop be?

[10:22] {magoo} Q bounce vad?

[10:22] {KSystems} in PLD

[10:22] {ese} long NUAN .55

[10:22] {Threei}  under .10 originally... after such jumo I'd says under .15

[10:22] {ese} aggressive

[10:23] {Threei}  feels so to me mags but my initial working assumption is not materializing so far

[10:23] {Threei}  not confident

[10:23] {magoo} right

[10:23] {ese} stopped nuan.....just like that .49

[10:24] {nemo} options expiration into long weekend

[10:24] {magoo} still so far it was a suckers open

[10:24] {nemo} fit's me perfectly mags

[10:25] {magoo} lol

[10:26] {magoo} circuit city being liqwuidated

[10:26] {magoo} i liked those

[10:26] {patience} announced it before christmas

[10:27] {nemo} they just opened a store near me.  Funny...

[10:27] {patience} my newphew got a christmas job there, me: make sure you get a paycheque

[10:27] {magoo} 35k workers out

[10:27] {nemo} surplus proletariat

[10:28] {magoo} announces record bonusis to still be paid to mangt

[10:29] {magoo} that was a joke

[10:29] {dino} cpla stopped

[10:31] {KSystems} pld making me bite my nails

[10:31] {Threei}  that's unhealthy habit

[10:31] {Threei}  germs...

[10:32] {Threei}  half out PLD .45

[10:32] {magoo} can aapl bounce vad, or even more neg news?

[10:32] {Threei}  I'd stay away mags

[10:32] {Threei}  with all the concerns about Jobs, this one is under constant pressure

[10:33] {magoo} yeah..agree

[10:33] {nemo} Mmmmhh...makes me wonder...if Cramer were to take ill...would "The Street.com" stock go up???

[10:33] {magoo} a bad health announcemt and down 10

[10:34] {dino} lol

[10:34] {ese} aapl sure is geting close to crucial support at 80 though....

[10:35] {Threei}  OK, this I can't forgive myself

[10:35] {ese} steve jobs can buy health......no worries

[10:35] {Threei}  RIMM, typed alert at 49.60

[10:35] {Threei}  and heistated

[10:36] {nemo} Don't be so hard on yourself Vad...at least it gives that shoulder joint a little time to heal :)

[10:36] {Threei}  lol

[10:36] {fernp} you hesitated? are you human?

[10:37] {nemo} SLW is developing the same chart formation as RIMM

[10:37] {Threei}  not really but I have to pretend

[10:37] {ese} vad question.....when a stock touches higher bollenger band is that a go long signal for you...do you wait for that?

[10:37] {Threei}  no ese... not really

[10:37] {Threei}  that's too general way to shape the queation

[10:37] {Threei}  really depends on the type of the play

[10:38] {ese} just wondering......rimm was around that area for your alert

[10:38] {Threei}  for bounce I'd rather watch for lower band

[10:38] {ese} tks

[10:38] {Threei}  for breakout, uppoer, but it's just one of conditions

[10:38] {Threei}  a lot of other considerations should be taken

[10:39] {fernp} market is not as strong as we thought. no?

[10:39] {Threei}  nope

[10:39] {Threei}  PLD second half stop is under .30 now

[10:40] {magoo} its expiration day

[10:41] {Threei}  I still can't shake out deep inner feeling that rally is in cards

[10:42] {patience} guru's webcast i just listened to said rally for now, followed by retest of lows

[10:42] {dino} itri, axys

[10:42] {magoo} i been tellin dino same...bear mkt bounce due

[10:42] {magoo} 'might be tues tho

[10:42] {nemo} Probably starts Tuesday...too much can happen over the long-weekend

[10:42] {magoo} ah nemo

[10:43] {nemo} think alike...you must be a hunter too

[10:43] {KSystems} monday is a holiday?

[10:43] {Threei}  yeah, let us not forget that this period, last few days before power transition were deemed by security experts as most dangerous period

[10:43] {Threei}  yes KS

[10:43] {KSystems} oh cool

[10:43] {nemo} I'll have vodka at the ready

[10:43] {KSystems} I'll see girlfriend again

[10:43] {magoo} are u a hunter nem?

[10:44] {nemo} yep. 

[10:44] {Threei}  so, there will be probably some seliing pressure coming from those who don't want to hold longs into possible terrorist scare

[10:44] {magoo} ditto here..bowhuntr also

[10:44] {nemo} bow. rifle. shotgun. muzzleloader

[10:44] {magoo} ditto

[10:44] {ese} what do you mean by power transition vad?

[10:44] {Threei}  {--- 2x4

[10:44] {Threei}  US administration ese

[10:45] {magoo} stones, snowballs

[10:45] {KSystems} vad's a hunter too. i just doesnt shoot, he kicks

[10:45] {KSystems} i=he

[10:45] {Threei}  looking to exit PLD balance closer to .60

[10:45] {nemo} mmmhhh...should watch the options to see if there are any terrorist/assasination plans...remember a few days before 9/11

[10:46] {KSystems} hey wish

[10:46] {wishbone} hi KS

[10:47] {wishbone} i got the boot there for a sec

[10:47] {Threei}  BAC is getting dumped

[10:48] {fernp} in BAC 7.99

[10:48] {nemo} "Bank of America agreed on a deal to receive an additional $20 billion in support from the government. The bank will also receive guarantees to cover up to $118 billion in losses on loans and securities backed by residential and commercial real estate."

[10:48] {nemo} Recently the government also agreed to cover losses on 300 Billion of C's liabilities which are about 1/3 of C's questionable assets.

[10:48] {nemo} If we assume the same level of Guarantee for BAC that means they ha

[10:49] {Threei}  US TREASURY'S PAULSON: ANY TARP PROFITS SHOULD GO TOWARDS DEBT REDUCTION, SUPPORTS RESTRICTIONS ON COMPENSATION AND DIVIDENDS

[10:49] {Threei}  - Citi restructuring should provide time

[10:49] {Threei}  - REmarsk that Term lending facilities can lead to expansion to include CMBS, among other

[10:49] {fernp} out BAC half 7.79

[10:49] {nemo} oh, you shorted Fern

[10:49] {Threei}  whew fern... I wasn't sure whether you wqent long or short

[10:50] {fernp} yes

[10:50] {Threei}  got scared

[10:50] {fernp} classic DBI

[10:51] {Threei}  yes

[10:51] {fernp} stop now over 7.86

[10:53] {nemo} faz

[10:53] {nemo} oops

[10:53] {fernp} out 7.70

[10:53] {Threei}  time to start that rally, market

06[10:53] * Threei kicks PLD in the rear

[10:53] {magoo} rally monkey ready?

06[10:54] * Threei kicks palm in the rear

[10:54] {Threei}  you PALM, wake up... we have 8 to take today

[10:56] {nemo} triple bottom on SLW patience?

[10:56] {patience} looks like it

[10:56] {patience} price of gold is just holding doing nothing, so silver will lag it

[10:57] {nemo} silver just dropped...oops

[10:58] {fernp} bounce time??

[10:59] {Threei}  fern... I can't really tell, being "inside my mind" so to speak, whether it's my bias or my intuition,

[10:59] {Threei}  but it feels to me like preparations for stunning upward move

[10:59] {patience} dropping imo

[10:59] {patience} i want vad's outcome

[10:59] {Threei}  PLD makes chomp chopm sound

[10:59] {fernp} i think dropping too

[10:59] {nemo} Sounds like a movie, "Being Vad Graifer"

[11:00] {Threei}  who was it with that theory

[11:00] {Threei}  german philosopher

[11:00] {Threei}  don't know how to spell hia name

[11:00] {nemo} which theory..

[11:00] {Threei}  lemme do a search quickly

[11:00] {Peterg} Wittgenstein

[11:00] {Threei}  color perception

[11:00] {Peterg} not sure of sp

[11:01] {Threei}  http://en.wikipedia.org/wiki/Immanuel_Kant

[11:01] {wishbone} ks

[11:01] {nemo} well, it sounds like Goedel's theorem applied. 

[11:01] {Threei}  out second half PLD

[11:01] {Threei}  .65

[11:01] {Threei}  +.38

[11:02] {patience} nice vad, keep saving up for my drinks in the bahamas

[11:02] {Threei}  ks, out yet?

[11:02] {KSystems} PLD - in .28 - out 1/2 .35 - out rest .60

[11:02] {KSystems} yes

[11:02] {KSystems} thanks :)

[11:02] {Threei}  :)

[11:03] {Threei}  the reason I rememberd about Kant,

[11:04] {Threei}  one of important aspects of his philosophy was that there is no way for an inside observer to define how realistic his perceptions are

[11:04] {fernp} deep

[11:04] {nemo} are you talking manure fern?

[11:04] {patience} that would be about me and my waistline vad

[11:04] {Threei}  thus, without verification by independent and objective measurement located outside of observer's sphere of influence

[11:05] {nemo} test, test, test

[11:05] {Threei}  I can't tell whether my rally perception is governed by what I see in the market action

[11:05] {Threei}  or by my bias.

[11:05] {fernp} What about you next book, Vad?

[11:05] {nemo} action and experience

[11:05] {Threei}  corect way to consume vodka

[11:06] {nemo} liberally

[11:06] {Threei}  ummm... scratch that

[11:06] {Threei}  not a chance for wide audience

[11:06] {dino} feels like markets want to fill op en gaps

[11:06] {nemo} depends on how the economy goes, Vad

[11:07] {Threei}  fern... my intention is to put together a book on trading psychology,

[11:07] {Threei}  but I want it to be vastly different from anything written on the topic

[11:07] {dino} ahhh, sort of like cramer's coffee table book on coffee tables

[11:07] {magoo} vad, good $$ for u writing books?

[11:08] {Threei}  hehe

[11:08] {Threei}  no mags

[11:08] {Threei}  it's not a money producer

[11:08] {Threei}  first, I want it to be very practical, no psychobubble,

[11:08] {Threei}  no deep involved theory,

[11:08] {Threei}  things that every trader can relate to,

[11:08] {magoo} i want to write my biograpphy someday

[11:08] {Threei}  can say "this is what I lived through"

[11:09] {Threei}  can say "this guy looked over my shoulder or what"

[11:09] {Threei}  and provide very practical things to do for a trader.

[11:09] {Threei}  second,

[11:10] {Threei}  all too many books on the subject focus on poure trading specifics

[11:10] {magoo} my title"mr. magoo...the greatest trader that never was'

[11:10] {Threei}  leaving aside or touching briefly the fact that in order to adjust one's mindset for trading

[11:10] {dino} they can put that in cartoon format magoo for your movie

[11:10] {fernp} seems very interesting, Vad

[11:10] {Threei}  one has to change himself in general.

[11:10] {magoo} i know

[11:11] {patience} like quitting smoking

[11:11] {Threei}  Thus, important aspect of the book must be about much more than trading

[11:11] {Threei}  In my dream, one who goes through the book

[11:11] {Threei}  and applies it successfully

[11:12] {Threei}  should be able to say not only

[11:12] {Threei}  "it helped me become a better trader"

[11:12] {Threei}  but also "it changed me"

[11:12] {nemo} trading/life is simple, proper execution...that's another story...

[11:13] {fernp} not for newbies, no?

[11:13] {fernp} Psychology is something which is not intended at first

[11:13] {Threei}  well

[11:13] {nemo} better for newbies than people who have built bad habits

[11:13] {fernp} that true, nemo

[11:13] {wishbone} Vad, I will never forget the things you taught me!

[11:13] {Threei}  newbies are less likely to benefit in full from this kind of the book for a very simple reason:

[11:13] {wishbone} anyone see CSI last night?

[11:14] {dino} nope

[11:14] {Threei}  one doesn't fully appreciate the role of psychology in trading until actually hits the brick wall

[11:14] {dino} saw the office

[11:14] {wishbone} oh that vad comment would've made more sense

[11:14] {wishbone} Grissom left the show

[11:14] {nemo} Well, if they've hit the wall in other things in life I think they might appreciate it. It amounts to how much pain you've suffered.

[11:15] {Threei}  look at our PLD exit

[11:16] {nemo} How's the shoulder?

[11:16] {Threei}  thing of beauty

[11:16] {Threei}  in pain nemo

[11:16] {Threei}  permanent dislocation

[11:16] {patience} slw chart says its either going to break below 7.38ish and drop to fill gap or market help (and tsx keeps dropping), it will pop.   i'm getting ready to bail

[11:16] {nemo} There's a price for success...

[11:16] {KSystems} it is amazing how much pain people need before learning curve kicks in

[11:17] {nemo} K, not really...it's always been that way...you realize it once it happens to you...that's why all philosophies/religions talk about pride

[11:18] {dino} you guys are "deep" today

[11:18] {nemo} trained in philosophy for 20 years

[11:18] {Threei}  don't worry dino, we will revert to "tree good, fire bad" soon enough

[11:19] {Threei}  depth of thinking is not what we practice for very long {G}

[11:19] {KSystems} of course its always been like that....its just amazing me time and time again

[11:19] {Threei}  mags, about book writing and reward... this is niche theme,

[11:19] {Threei}  not porn, not fiction,

[11:20] {Threei}  fairly limited buyers layer so to speak

[11:20] {nemo} K..jung

[11:20] {Threei}  trading book selling 5K copies in its first year is considered smashing success

[11:20] {wishbone} trading is like sinning......you know they're wrong, but at the end of the day you can still count the rules you broke

[11:21] {larisa} mix trading book with porn probably? 

[11:21] {Threei}  that would be good idea

[11:21] {nemo} the old "in and out"

[11:21] {Threei}  but I need models

[11:21] {magoo} vad..to increase your readership...put pics o you in the nude lol

[11:21] {Threei}  if you go with biog publisher, like McGraw Hill

[11:21] {_cujo} sold

[11:21] {KSystems} ouch

[11:22] {Threei}  royalty oper copy sold is laughable

[11:22] {Threei}  if you self-publish, it's much better but you sell way less

[11:22] {Threei}  so, the reward is different for this venue

[11:22] {Threei}  and is not monetary

[11:23] {nemo} Yeah, but the way this stuff is getting sold...Amazon is as good as a bookstore

[11:23] {nemo} The only financial stuff you see in bookstores (most) is coffee table stuff

[11:24] {Threei}  this is kind of :what I leave whan I leave" thing

[11:24] {nemo} looks like rally pressure might be building

[11:24] {Threei}  PLD

[11:24] {Threei}  bounce scalp I guess

[11:25] {Threei}  with stop under .20

[11:25] {magoo} wow..with conviction (not lol)

[11:25] {dino} cedc sm l .06, stop .74

[11:26] {Threei}  BAC hit under 7.50

[11:26] {Threei}  that was a good shiort fern

[11:27] {Threei}  or short

[11:28] {KSystems} target on PLD, Vad? 1:1?

[11:30] {magoo} long rimm .30

[11:30] {magoo} small

[11:31] {magoo} .90

[11:31] {magoo} stop

[11:33] {magoo} out rimm

[11:33] {magoo} no like mkt action

[11:33] {KSystems} PLD stopped

[11:33] {wishbone} pld stopped

[11:34] {dino} cedc tighten to .95 mkt drop

[11:34] {dino} watching axys

[11:34] {dino} itri

[11:35] {Threei}  RIMM is holding quite well on these market drops

[11:37] {Threei}  gap is filled on NASDAQ

[11:37] {Threei}  and S&P

[11:47] {Threei} Long Setup:  RIMM  .25 if stays above .10

[11:48] {KSystems} in

[11:48] {wishbone} in

[11:48] {magoo} in

[11:49] {larisa} :)

[11:50] {magoo} GS would be a good market tell

[11:50] {dino} axys sm l .07

[11:51] {Threei}  half out RIMM

[11:51] {wishbone} 1/2 out

[11:52] {_cujo} RIMM + .15 thanks Vad

[11:52] {Threei}  :)

[11:52] {_cujo} tading in 100 lots today so no half outs for me

[11:53] {magoo} rimm im thinking .68

[11:53] {_cujo} would AAPL be a long set up at 81.40?

[11:54] {magoo} stay away aapl

[11:54] {Threei}  chart wise yes but I'll stay away

[11:54] {_cujo} got it. 

[11:54] {_cujo} staying away

[11:54] {_cujo} how about GOOG ;)

[11:55] {Threei}  yikes

[11:55] {KSystems} only with double-lots

[11:55] {KSystems} everything else is no fun 

[11:55] {Threei}  yeah... and if anything, GOOG looks like shiort to me

[11:55] {_cujo} of course

[11:55] {_cujo} he he

06[11:55] * Chaeron slaps laserdave around a bit with a large trout

[11:55] {Chaeron} hi all

[11:56] {larisa} hi Chaeron :)

[11:56] {lisa_jay} Hi Chaeron.

[11:56] {Chaeron} Hi Larisa! Lisa! Have to run, but I'm leaving window open so I can lurk :)

[11:56] {Threei}  chaeron :)

[11:56] {dino} ipar

[11:56] {Chaeron} hey3i

[11:56] {dino} chaer on ignore

[11:57] {dino} :)

[11:57] {Chaeron} dino - I saw that :P

[11:58] {Threei}  RIMM balance stop is under .20

[11:58] {nemo} market action rates right up there with flossing with barbed-wire

[11:58] {Threei}  lol

[11:58] {Threei}  I have vivid imagination

[11:59] {nemo} you're a closet sadist also

[11:59] {nemo} or masochist in this case

[11:59] {Threei}  if I were, I'd continue your analogy with toilet paper

[12:00] {Threei}  WHITE HOUSE FORECASTS REAL GDP +0.6% IN 2009, 5% IN 2010, UNEMPLOYMENT AT 7.7% IN 2009

[12:01] {Threei}  I want what White house is smoking

[12:01] {nemo} what are they smokin'

[12:01] {magoo} yeah..like they know

[12:01] {larisa} is it still Bush forecasting ? :)

[12:01] {nemo} This place is scary...it's like finding home.

[12:02] {ese} outta here for the weekend....too busy a week....didn't get much trading done..take care all

[12:03] {Threei}  take care ese

[12:03] {magoo} bye es

[12:03] {Threei}  have a good long weekend

[12:03] {Threei}  want to see QQQQ spike with break of .06 - .10 zone

[12:03] {Threei}  would be nice catalyst for a few upside legs

[12:04] {patience} lunch hour crazies are just lining up their victims

[12:05] {cosmo} its always lunch hour

[12:05] {cosmo} ... these days

[12:05] {dino} cya es

[12:05] {patience} i'm not talking about traders, i'm talking about politicians

[12:06] {dino} hmmmm

[12:06] {cosmo} yes... they still do lunch...

[12:07] {cosmo} the old fasion way

[12:08] {dino} itri bloody

[12:09] {Threei}  MICROSOFT CEO BALMER HAS REPORTEDLY MET WITH YHOO CHAIRMAN BOSTOCK

[12:09] {Threei}  {MSFT}

[12:10] {cosmo} for lunch?

[12:10] {Threei}  I guess:

[12:10] {Threei}  - note that the WSJ reported this morning that Balmer and the new CEO have had very informal conversation with nothing specific covered

[12:10] {nemo} in a Hannibal Lechter kinda' way?

[12:11] {Threei}  PALM became interestingly paralysed

[12:12] {dino} nice

[12:13] {dino} itri sm l .50 risky

[12:16] {nemo} RIMM going for the double bottom?

[12:16] {Threei}  will pretty much deoend on market action

[12:17] {Threei}  I have this nagging suspicion that my rally hasn't started yet

[12:17] {nemo} I meant at support

[12:17] {Threei}  rather yes... it's still solidly above its low while market makes new ones

[12:18] {nemo} but it has also tripple topped at resistance since 11:00

[12:18] {nemo} triple

[12:19] {Threei}  PALM makes me think my quotes need to be checked

[12:19] {Threei}  how can it be nailed to this .19 - .20 for so long

[12:19] {_cujo} 7.19 weird

[12:20] {hawkfan4} it is very strange

[12:20] {nemo} got it at 7.18 on Fidelity also

[12:20] {nemo} now 7.17

[12:22] {nemo} yesterday's drop felt like fear...today feels like the unknown

[12:22] {_cujo} RIMM bounce?

[12:24] {Threei}  not yet...

[12:24] {nemo} has to test support i think

[12:25] {Threei}  .50 re-cross if holding above .30, but not very confident yet

[12:25] {Threei}  only if market spikes furiously

[12:25] {Threei}  not convinced, honestly

[12:25] {_cujo} y

[12:27] {dino} well back to the average 300 point ranges

[12:29] {Threei}  PALM

[12:29] {Threei}  I am teling you... this thing is going to see 8

[12:29] {magoo} this month??

[12:29] {Threei}  (unless I am under the same spell that keeps me seeing non-existing rally)

[12:30] {nemo} Do you see large rabbits also?

[12:30] {nemo} Sorry...doubt you saw that movie

[12:31] {Threei}  no but pink elephants are flying all over the room

[12:31] {dino} man eating rabbits

[12:31] {nemo} Harvey

[12:32] {nemo} dino...that's Monty Python..or a really bad 70s movie called "Night of the Lepus"

[12:32] {dino} monte python/holy grail (showing my age)

[12:32] {nemo} "He's got teeth..."

[12:32] {dino} :)

[12:32] {nemo} Thou shalt count to three

[12:35] {dino} jpm ouch

[12:41] {wishbone} rimm ty vad

[12:41] {nemo} got your wish.hehe

[12:41] {Threei}  :)

[12:45] {Threei}  disclosure:

[12:45] {Threei}  I have 3K PALM left after a few morning scalps

[12:45] {Threei}  and I intend to be strong and hold it for the march toward 8

[12:46] {nemo} te moritori salutamos

[12:46] {nemo} might be "morituri"

[12:47] {dino} why march 8th?

[12:48] {nemo} march TOWARD 8

[12:48] {Threei}  lol

[12:48] {dino} lol, i know

[12:48] {dino} you guys are serious today

[12:48] {nemo} oh..jokes on me

[12:49] {larisa} are you serious about 3K ? 

[12:49] {Threei}  yes ma'am

[12:49] {Threei}  now... I need to stop watching it

[12:50] {nemo} geez...look at palm go

[12:50] {Threei}  to resist temptration to take profit

[12:50] {Threei}  which with my average cost basis at 7.05 is considerable

[12:51] {magoo} are we chasing PALM here if u thinkin 8

[12:51] {Threei}  ugh mags

[12:51] {Threei}  you know how I like chasing things...

[12:51] {nemo} RIMM vad

[12:51] {nemo} only women...right Vad

[12:51] {Threei}  I outlined plan for it from the start of the day

[12:52] {Threei}  and harped on it a few times more

[12:52] {Threei}  who liked the idea, should have been in at much lower prices

[12:52] {magoo} not my style trade

[12:53] {Threei}  putting sale for 2500 at 7.95 and going for a smoke

[12:54] {Threei}  can I be that lucky that it's hit while I am away, so I don't get tempeted to sell lower

06[12:54] * KSystems slaps Threei around a bit with a large Fort Knox

[12:58] {Threei}  ouch

[12:58] {Threei}  that hurt

[12:58] {Threei}  it'smore of hawk's style play mags

[13:00] {Threei}  these sharp pullbacks are suitable for scalps in umbrella spirit

[13:00] {Threei}  while holding core position

[13:00] {nemo} C&H is playing out on RIMM

[13:01] {patience} slw doing ok, i'm watching it from the treadmill

[13:02] {wishbone} i like your style patience:)

[13:02] {wishbone} exercise and print money

[13:03] {Threei}  .30 break PALM for scalp

[13:03] {Threei}  if stays above .20

[13:04] {Threei}  OBAMA REITERATES PREVIOUSLY ANNOUNCED PLAN FOR ALTERNATIVE ENERGY INVESTMENT

[13:05] {cosmo} any symbols?

[13:05] {Threei}  I looked at solars... no real reaction

[13:05] {Threei}  just drift with market

[13:05] {larisa} old news cosmo

[13:05] {cosmo} yea

[13:06] {cosmo} i'm just ... waiting for obama anyway...

[13:06] {larisa} need details now, which company gets what

[13:07] {patience} these are the ones i follow  aens, ande, adm, bg, mgpi, peix, stkl, ghnh, 

[13:07] {patience} gnh

[13:07] {cosmo} pbw?

[13:07] {larisa} you typing while on treadmill too patience? :)

[13:07] {patience} y

[13:08] {patience} it shows?

[13:08] {hawkfan4} lol, now that takes talent

[13:08] {larisa} no way, good job, just be careful :)l

[13:08] {patience} bg i meants

[13:08] {KSystems} in PALM

[13:08] {KSystems} .33

[13:10] {Threei}  CALIFORNIA CONSIDERING DELAYING TAX REFUNDS AND OTHER PAYMENTS - WSJ

[13:10] {Threei}  {MUNIS}

[13:10] {nemo} Your money is our money

[13:11] {nemo} RIMM C&H

[13:11] {magoo} i just took rimm off 49

[13:11] {magoo} 49.00 that is

[13:11] {Threei}  nice mags

[13:12] {magoo} i think its going over 50 if IF mkt rallies just a smidge

[13:12] {magoo} not a smidge of temperature daddy {its a wond life}

[13:12] {nemo} market has been stair stepping up  for last hour

[13:13] {dino} apol

[13:16] {Threei}  nice pullback APOL

[13:16] {Threei}  right into support

[13:17] {magoo} still scalpers mkt

[13:17] {magoo} sigh

[13:21] {nemo} I as gonna' say that looks like a bear flag on palm

[13:23] {nemo} so much for that observation

[13:24] {_cujo} long APOL 89?

[13:25] {Threei}  hard to tell...

[13:25] {Threei}  thing is stron but still needs market directional help

[13:25] {_cujo} thanks

[13:30] {Threei}  CHRYSLER FINANCIAL RECEIVES $1.5B LOAN FROM US TREASURY

[13:30] {magoo} out rimmhere .72 +.70 somuthung

[13:31] {Threei}  beauty

[13:31] {hawkfan4} nice mags

[13:31] {magoo} i have been execrcising ty

[13:31] {patience} magoo, did i tell you how much i missed you yesterday

[13:31] {Threei}  out PALM scalping part +.16

[13:31] {magoo} now long 100 sh gs at 72

[13:32] {KSystems} PALM - in .33 - out .45

[13:32] {KSystems} ty Vad

[13:32] {Threei}  :)

[13:32] {magoo} dino said no one even asked

[13:33] {patience} repeatedly i called in vain for you

[13:33] {magoo} nice

[13:33] {nemo} dino lied

[13:33] {dino} and i intentionally told him no one asked

[13:33] {nemo} I would do the same thing

[13:34] {magoo} i came into office around 1 pm

[13:34] {nemo} Punch line: "No, no..no talk to sheep...sheep lie."

[13:34] {dino} the way i see it nemo, is plain and simple...he drinks all of my beer, and does not re-stock it

[13:34] {magoo} started drinking immediately he he

[13:34] {Threei}  14:48] {Threei} and magoo misses this day

[13:34] {Threei}  [14:48] {Threei} this is his kind of range

[13:34] {Threei}  [14:49] {patience} i miss magoosky dino, send him in tomorrow

[13:34] {Threei}  there you go mags

[13:35] {nemo} need a hanky mags?

[13:35] {magoo} getting all terry eyes here...lets get a drink

[13:35] {dino} thinnking of sending him to the moon (bang zoom aka ralph cramden)

[13:35] {patience} that'a boy

[13:35] {magoo} im thinking points on gs

[13:35] {magoo} 73 .12 first exit

[13:36] {Threei}  my rally... a bit late but it's coming

[13:36] {larisa} sigh

[13:36] {patience} someone pinch slw in the butt...it knows it wants to leap up over .50

[13:36] {magoo} ruimm vad..see my 50 call

[13:37] {dino} sm l ipar .77

[13:38] {Threei}  to comment further on umbrella applied to PALM - my average cost dropped to under 7 after this scalp

[13:39] {nemo} a light breeze must cause that arm to flop around

[13:41] {dino} magoo whimping out, paperwork filed for happy hour and he's not committing

[13:41] {magoo} vad how i paste here ?

[13:41] {Threei}  copy from somerhere... click in the posting line and paste...

[13:41] {nemo} ctrl-c  ctrl-v

[13:41] {Threei}  yeah

[13:41] {Threei}  or rightclick and Paste from drop down menu

[13:42] {Threei}  next leg up in the making

[13:42] {nemo} is RIMM setting up ANOTHER C&H?

[13:42] {magoo} no i mean like in old room...i highlite my pic but no paste

[13:42] {nemo} nope

[13:42] {nemo} blew right through

[13:43] {dino} you still in other room?

[13:43] {magoo} a point on GS

[13:43] {dino} nice

[13:43] {magoo} and i gavre u real time entry

[13:48] {nemo} PALM!

[13:48] {nemo} Vad might see 8 today

[13:48] {Threei}  I am not watching

[13:48] {Threei}  not watching

[13:48] {Threei}  not watching

[13:48] {nemo} are you fibbing?

[13:49] {Threei}  I am whistling

[13:49] {larisa} also, next time you say {r} word, i will slap you gently, you are jinxing it all day :)

[13:49] {nemo} How do ya' do that with a mouthful of vodka?

[13:49] {Threei}  can I say 'ally?

[13:49] {larisa} yes

[13:50] {_cujo} l gs .36

[13:50] {nemo} could say anti-rout

[13:50] {Threei}  .50 break on PALM was another scalp setup which I missed

[13:51] {Threei}  rofl, and while typed that, missed entry under .50 on pullback

[13:51] {Threei}  dufus

[13:51] {nemo} that's what you get for not looking

[13:52] {Peterg} not, doofus?

[13:52] {Peterg} oops sorry slipped

[13:53] {nemo} phonetic spelling

[13:53] {Peterg} korekt

[13:53] {Threei}  you mean fonetik?

[13:53] {nemo} probably shoul have had an umlaut

[13:53] {nemo} shoor

[13:54] {Peterg} palm

[13:54] {dino} out itri .28, +.78

[13:54] {Threei}  puling back with market

[13:54] {KSystems} lexonet?

[13:55] {hawkfan4} nice dino

[13:56] {dino} ty

[13:57] {Threei}  good boy PALM

[13:57] {Threei}  .50 - .63 scalp

[13:57] {Threei}  cost basis continues dropping

[13:58] {_cujo} out GS + .10

[13:58] {_cujo} nothing exciting

[13:59] {Peterg} I always takes the dime--good work cujo

[13:59] {dino} celg sm l .40

[14:00] {magoo} well..it gace a buck

[14:00] {magoo} gave

[14:02] {fernp} have a nice weekend everybody

[14:03] {hawkfan4} u2

[14:03] {magoo} u2 bro

[14:03] {Threei}  take care fern, have a great long weekend

[14:03] {Threei}  see you on Tuesday

[14:03] {dino} cya fern

[14:06] {Threei}  ok PALM... it's time

[14:06] {Threei}  see market 'allying?

[14:06] {magoo} vad..repost my GS call please..i cant

[14:06] {magoo} i said points

[14:07] {Threei}  13:35] {magoo} im thinking points on gs

[14:07] {magoo} see i cant do that

[14:07] {Threei}  [13:31] {magoo} now long 100 sh gs at 72

[14:08] {magoo} ok out here

[14:08] {magoo} + 1.55

[14:08] {magoo} looking to reload

[14:09] {nemo} Rimm getting that look

[14:18] {dino} partial out axys .47, +.40

[14:18] {larisa} nice dino

[14:19] {dino} ty

[14:19] {dino} watching itri again

[14:21] {dino} ipar stop to .99

[14:27] {nemo} anybody there?

[14:28] {patience} i am

[14:28] {nemo} thought I was disconnected, thanks

[14:29] {dino} i'm not

[14:31] {Threei}  ok PALM, time to take that .75

[14:35] {dino} out ipar .97, +.20

[14:46] {Threei}  not watching PALM

[14:46] {larisa} sell it!

[14:47] {nemo} He sounds like Gollum, "Not listening!"

[14:49] {dino} lol

[14:49] {dino} my precious

[14:49] {magoo} into bell..up or down vad?

[14:50] {dino} up

[14:50] {nemo} Shhhhhh...he's not watching PALM

[14:50] {magoo} ARE U CRAZY?

[14:51] {nemo} yeah...

[14:52] {Threei}  mags... I've been harping on 'rally whole day...

[14:52] {Threei}  still do :)

[14:52] {dino} gandolf take a chill

[14:52] {nemo} sorry:(

[14:52] {dino} :)

[14:52] {magoo} ok vad..but i did noyt realize u meant from 3:40 till 3:47 

06[14:52] * larisa slaps Threei around a bit with a large trout

[14:53] {Threei}  neither did I mags

[14:53] {Threei}  no chance larisa

[14:53] {Threei}  7.95 or bust

[14:53] {dino} celg stop to .80

[14:54] {nemo} Here comes Secretariat (PALM) around the 3rd turn...

[14:54] {patience} oh a horsey person  :)))))

[14:54] {dino} stoppeed celg .80, +.40

[14:54] {nemo} yeah, my ex has 3 Belgian Draught

[14:54] {patience} gorgeous, lots of money to keep them happy

[14:55] {dino} axys stop to .66

[14:55] {nemo} yeah, sweet though, 

[14:55] {dino} 3 drafts beers huh?

[14:55] {nemo} yeah, beers...ugh.

[14:55] {dino} stopped out remaining axys .66, +.59

[14:56] {dino} lol

[14:56] {dino} anybody trading besides me?

[14:57] {patience} moi

[14:57] {nemo} in TNA

[14:57] {Threei}  2 cents left PALM

[14:57] {dino} [13:58] {_cujo} nothing exciting

[14:58] {dino} hmmm

[14:58] {patience} in kinross, silver wheaton, goldcorp....good day

[14:58] {KSystems} WTG :)

[14:58] {Threei}  our 2500

[14:58] {Threei}  500 left

[14:58] {patience} should have played agrium

[14:58] {larisa} good job PALM

[14:58] {magoo} in gs long

[14:58] {hawkfan4} impressive trade vad, great call

[14:58] {Threei}  ty

[14:59] {Threei}  I have my moments :)

[14:59] {nemo} yeah, regularly

[14:59] {Threei}  out in full

[14:59] {Threei}  8.10

[14:59] {Threei}  whew

[14:59] {_cujo} great trade

[14:59] {hawkfan4} me too, full point on the second half, nice

[14:59] {Threei}  umbrella.. haven't done that in quite a while

[15:00] {magoo} and u WOULD not let magoo chase .41

[15:00] {magoo} u bastard

[15:00] {Threei}  I knew it was your kind of trade hawk!

[15:00] {hawkfan4} :) sure was

[15:00] {Threei}  it returnd to under .30 after that mags

[15:00] {Threei}  and I posted entry

[15:00] {magoo} nice call boss

[15:01] {magoo} im busy nursing GS for mehga pts

[15:02] {i2romantis} wow, vad, you are right, it had no real barriers to go up to 9, not a bad performance so far on PALM

[15:02] {i2romantis} were*

[15:02] {Threei}  the lot I took on it illutrstaes the degree of confidence...

[15:03] {wishbone} r u out palm vad?

[15:04] {Threei}  yes

[15:04] {wishbone} nice trade

[15:15] {dino} amed sm l .00

[15:17] {_cujo} RIMM at day highs

[15:18] {dino} gmcr

[15:21] {dptl} have a good weekend all

[15:21] {Threei}  take care dp

[15:22] {wishbone} bye dp

[15:22] {patience} you too dp

[15:22] {nemo} P&Q

[15:27] {dino} dpppppppppppppppppp, enjoy

[15:27] {dino} getting thirsty magoo

[15:31] {Threei}  PAL continues against the market

[15:31] {Threei}  probably last spike in cards

[15:31] {nemo} PAL or PALM?

[15:31] {Threei}  PALM

[15:31] {Threei}  PAL is useless piece of crap with no volume

[15:32] {wishbone} lol

[15:32] {nemo} PAL must be canadian spelling

[15:32] {wishbone} vad do u go to costco?

[15:33] {Threei}  yes

[15:33] {Threei}  why?

[15:33] {wishbone} there is an earth atlas for sale there. have u seen it?

[15:33] {nemo} where's he goin' with this..?

[15:34] {Threei}  no... but I will be there today

[15:34] {Threei}  will take a look

[15:34] {dino} got me?

[15:34] {wishbone} either way it's hude like 18"x24" awesome photos

[15:34] {wishbone} thought u might appreciate

[15:34] {dino} must have photos of me then

[15:34] {Threei}  ty, will look

[15:34] {wishbone} hude=huge

[15:34] {larisa} couple more PALM trades and vad will need it to find a place to retire :)

[15:35] {wishbone} lol dino

[15:35] {_cujo} Bora Bora is nice ;)

[15:35] {nemo} no broadband

[15:35] {_cujo} ha ha ha

[15:35] {_cujo} he said retire no relocate :)

[15:35] {dino} :)

[15:36] {nemo} short palm :)

[15:36] {Threei}  fnny as it is, all my 'ally calls eventually came to us coming right back where we staretd the day, lol

[15:37] {nemo} Yeah, look at the charts for SLW RIMM  

[15:37] {nemo} big circle

[15:41] {nemo} I was half joking..shoulda' shorted PALM

[15:43] {Threei}  you have it available for short?

[15:43] {Threei}  not available here

[15:43] {dino} magoo loaned me his

[15:44] {nemo} Have no idea, I was just looking at it and it says to me, "I'm going down"  actually, none available on Fidelity either

[15:45] {nemo} Oh Oh!! I think stocks are talkin' to me.  Oy weh!

[15:45] {dino} that's known as "gut"

[15:45] {Threei}  that's disturbing

[15:46] {nemo} I heard the voices, just like the ones that tell me, "Stay home from work today and clean your guns."

[15:46] {nemo} Actually saw that on a bumper sticker

[15:46] {dino} i see dead people

[15:47] {Threei}  I see dead pixels

[15:47] {nemo} Must be late Friday afternoon

[15:47] {larisa} you can afford new monitor now  :)

[15:47] {nemo} Ooohh good one

[15:47] {Threei}  why... I enjoy seeing them

[15:47] {larisa} lol

[15:47] {Threei}  they are of primary colors

[15:47] {Threei}  very bright

[15:48] {nemo} you still play with crayons, don't you?

[15:48] {Threei}  yes but it's hard... I can't keep within lines :(

[15:48] {nemo} Wait a minute, you're an engineer

[15:49] {nemo} maybe it's vodka withdrawals

[15:49] {nemo} hands shake, brow sweats, you see dead people

[15:49] {Threei}  and general lack od discipline

[15:49] {nemo} I'd settle for 20% of your discipline

[15:50] {dino} out amed .40, +.40

[15:50] {Threei}  good one

[15:51] {dino} ty

[15:51] {magoo} quit trading anf bring magew a brew DINOOOOOOOOOOOOOOOOOOO

[15:52] {Threei}  can we be that lucky and get PALM drrop to 7.50?

[15:52] {Threei}  I'd take it overnight

[15:52] {dino} on it magoo

[15:53] {nemo} through the weekend?

[15:53] {Threei}  opnly on deep pullback

[15:53] {dino} 3 day weekend for markets

[15:53] {Threei}  and just 1 one lot

[15:54] {nemo} oh...10,000 shares

[15:54] {dino} god help ya

[15:54] {nemo} wrong direction

[15:55] {patience} have a good weekend guys, was a rather good day

[15:56] {dino} you too patience. good day for me too

[15:56] {hawkfan4} i second that emotion, enjoy the weekend all

[15:56] {Threei}  OK guys

[15:56] {Threei}  thank you all

[15:56] {nemo} P&Q

[15:56] {lisa_jay} Thanks Vad.

[15:56] {Threei}  we finish the week well

[15:56] {Threei}  and it was not the easiest week by any means

[15:56] {_cujo} thanks Vad

[15:56] {Threei}  have a great relaxing long weekend

[15:56] {nemo} Nice weekend all

[15:56] {Threei}  see you on Tusday!

[15:57] {KSystems} bye :)

[15:57] {magoo} TY vad

[15:57] {dino} how do i save this set up, or must i reconfigure every time

[15:57] {hawkfan4} thanks vad

[15:59] {Threei}  ask KS dino

[15:59] {Threei}  no need to reconfigure

[15:59] {Threei}  it's saved

[16:00] {Threei}  I just don't know how you did it

[16:00] {Threei}  if you do according to pdf file, it's saved

[16:02] {larisa} see you all tuesday :)