Jan 23 2009

Very strong finish of a nice week. Gap down in the morning was a gift. Some of usual suspects (DRYS, STT) plus GERN made a day. Had a chance for some educational chat with real time illustrations as well.

Session Time: Fri Jan 23 00:00:00 2009

[07:44] {cujo} good morning

[07:46] {elepet} someone else awake! Where do you live and what time is it there?

[07:50] {cujo} New York

[07:50] {cujo} 7:50 AM

[07:50] {cujo} where are you at?

[07:51] {elepet} it's just about 5 here in northern california.

[07:51] {cujo} no Cal... San Fran?

[07:51] {elepet} petaluma...north of there.

[07:52] {cujo} ahhh, in the Emerald Triangle?  Did you see the special on CNBC last night?

[07:53] {elepet} nope. what was it?

[07:53] {cujo} oh, i think you are south of it anyhow

[07:53] {elepet} where?

[07:53] {cujo} it was called "Marajuana Inc"

[07:53] {elepet} not far i believe.

[07:53] {cujo} special about all the legal medicinal weed being grown in northern cal 

[07:54] {cujo} mendocino i think was the center of it?  or at least a big part of the whole thing..

[07:55] {elepet} that's about 2 hours north of me.

[07:55] {cujo} got ya. 

[07:55] {cujo} must be nice to get done trading and have the whold day left to yourself

[07:56] {elepet} did you happen to notice GERN this morning pre market?

[07:57] {cujo} looking now

[07:58] {cujo} wow

[07:58] {elepet} i held overnight.

[07:58] {cujo} get out of here?  REally?  Nice trade man

[07:59] {elepet} haven't sold yet. i have trouble selling.

[07:59] {cujo} I always sell too early :)

[07:59] {cujo} at least right now.  Trying to get over it. 

[08:00] {elepet} it's a bit of a crapshoot. I held DRYS. about same loss,

[08:00] {cujo} Higher on news?

[08:01] {elepet} big news. i forget what it is, but it 's big.

[08:01] {elepet} when i woke up, it was at 7.20 and i thought i was still asleep.

[08:02] {cujo} ha ha... It was all just a dream

[08:04] {elepet} and drys was at 9.00. a nightmare this time, but it seems to be moving up a bit.

[08:06] {elepet} why does magoo keep getting kicked off?

[08:07] {magoo} morning

[08:08] {elepet} hey...another early riser. why do you keep getting kicked?

[08:09] {cujo} morning magoo

[08:09] {magoo} u know..i spent 3 days to finally get into mirc

[08:09] {cujo} fun times

[08:09] {elepet} traders taking profit on GERN pre market. wonder if i should.

[08:09] {magoo} but something isnt quite setup correctly

[08:09] {cujo} 24% not too shabby el

[08:09] {magoo} it doesnt save and open instantly

[08:10] {cujo} room settings or wondow size?

[08:10] {cujo} brb

[08:10] {magoo} i need KS i guess...

[08:10] {nemo} mornin'

[08:10] {magoo} but was tired  of messing with it

[08:10] {nemo} mornin'

[08:11] {nemo} mags, am I registering?

[08:11] {magoo} EL..imo..take profit into green spike...can always reload it on a pullbk

[08:12] {magoo} morning ES

[08:12] {elepet} what is a green spike?

[08:13] {cujo} profitable spike

[08:13] {cujo} if you are long 

[08:13] {magoo} u have minute charts up correct?

[08:14] {magoo} a candlestick bar

[08:14] {elepet} no.

[08:14] {magoo} huh? no charts?

[08:14] {hawkfan4} morning 

[08:15] {cujo} need hte charts

[08:15] {patience} good friday morning  :)

[08:15] {cujo} morning HAwk

[08:15] {magoo} el..u must have charts??

[08:15] {magoo} BIRD:)

[08:15] {cujo} see any trades in GS in the future?

[08:16] {magoo} beauty on GS hawk

[08:16] {cujo} I gotta have me some cowbell, cowbell = charts

[08:16] {nemo} mornin'

[08:16] {hawkfan4} i'm sure i will, i like that stock. mags you actually reminded me to keep a close eye on it

[08:17] {elepet} I thought i was leaving for mexico and cancelled  my data feed with charts. now just watching lvel 2 on broker site. Gern has gone up .25 as we've been speaking.

[08:17] {magoo} actually..i trade it most days too...its a good market indicator also

[08:17] {magoo} markets cant go up without GS 

[08:18] {magoo} see, imo..u got 5 green bars in row gern

[08:18] {magoo} a red is coming

[08:18] {elepet} and keeps going up. guess i'll wait till market opens and see what happens.

[08:19] {elepet} i can visualize it from level 2

[08:19] {hawkfan4} there's the red

[08:19] {magoo} [08:18] {magoo} a red is coming

[08:19] {elepet} and there it is.

[08:19] {magoo} see u could exit..then reenter

[08:19] {magoo} make it twice

[08:19] {magoo} over n over

[08:20] {magoo} without risking a stop out neg

[08:20] {magoo} no guarentees in this mkt

[08:20] {magoo} people may take profit and not come back

[08:20] {magoo} need COFEE

[08:20] {hawkfan4} me 2

[08:21] {elepet} o.k. i get it. there will no douht be another green spike when market opens. new people will read the news. I think. i had coffee an hour ago. woke up at 3:00 am

[08:21] {magoo} youve lost 60 cents

[08:22] {magoo} 6.90 to 6.33

[08:23] {magoo} please..do not be offended..just a different way to manage the trade

[08:23] {elepet} think there will be another 8.90 or so?

[08:24] {elepet} should i put in a limit order at that price? seems to be moving up again.

[08:25] {Threei}  Good morning

[08:25] {larisa} morning :)

[08:25] {magoo} 8.90??

[08:25] {Threei}  larisa :)

[08:25] {magoo} morn boss

[08:25] {Threei}  magoo :)

[08:25] {cujo} morning Vad

[08:25] {elepet} hi there vad.

[08:25] {Threei}  cujo :)

[08:26] {Threei}  BALTIC DRY BULK INDEX + 3,7%

[08:38] {magoo} end of world today i guess...sigh

[08:38] {cujo} yeah sounds like it. 

[08:38] {hawkfan4} .

[08:40] {magoo} man..i keep duct taping my house..then world doesnt end...tear it off...then end comes again like today and i gotta redue all that work

[08:44] {i2romantis} morning everyone

[08:44] {cujo} morning i2

[08:44] {i2romantis} not sure what I missed in the last two days, but seems that markets are taking a big dive

[08:44] {i2romantis} hi cujo

[08:45] {Threei}  i2r :)

[08:45] {i2romantis} 3i:)

[08:46] {i2romantis} we are supposed to keep the recession away from our doors, what is this :)

[08:46] {nemo} Vad...what watchin' this mornin'?

[08:47] {Onix} Good morning all

[08:47] {Threei}  don't have candidates so far except usual suspects

[08:47] {Threei}  onix :)

[08:48] {nemo} How about GOOG :)

[08:48] {Threei}  not in cards :)

[08:48] {nemo} Heard that one before...

[08:49] {nemo} whoa...those futures???

[08:52] {Threei}  GERN is morning hero

[08:52] {Threei}  nice beating DRYS

[08:52] {cujo} el held GERN overnight!

[08:53] {elepet} and still have it.

[08:53] {hawkfan4} nice

[08:54] {Threei}  I took 2K at .20

[08:54] {Threei}  dumped one

[08:54] {cujo} nice trade 3i

[08:54] {Threei}  will see if I can't get over 7

[08:55] {Threei}  (EU) EU'S BUTI: ECONOMIC CRISIS IN EU 'NOT A BLIP' BUT RATHER STRUCTURAL; NOTES RECOVERY WILL TAKE A WHILE

[08:55] {Threei}  - Sees potential for fiscal crisis in EU

[08:55] {Threei}  - Notes US, Europe economies are not in 'V-shaped' recovery

[09:00] {Threei}  GERN all the way back

[09:05] {elepet}  just sold slw +.20 but waiting till market opens to sell GERN. in at 5.21. doesn't make sense does it?

[09:05] {cujo} eh, mkt looks ugly

[09:05] {cujo} at least in the open

[09:06] {patience} gold stocks doing ok, gold is up overnight

[09:06] {elepet} investor mentality. don't know if i'll make it to trader.

[09:08] {Threei}  gotta learn to take profits

[09:08] {nemo} who? you vad?

[09:09] {Threei}  ?

[09:09] {Threei}  talking to elepet

[09:09] {dino} gm all

[09:09] {nemo} nevermind...

[09:09] {Threei}  dino :)

[09:09] {dino} end    of    days    (again)

[09:09] {cosmo} friday?

[09:10] {elepet} sometimes i do. then stock goes up after i sell.  sometimes i don't and it goes down. bizarre.

[09:10] {cujo} will always happen, unless stocks stop moving ;)

[09:10] {dino} feels like last friday

[09:10] {Threei}  really... you want to be right everey single time?

[09:10] {hawkfan4} EOD part XXIIVI

[09:10] {cujo} Is that in the BVO Vad?

[09:11] {Threei}  what is?

[09:11] {cujo} The "right every time package"?

[09:11] {Threei}  no... that's platinum membership

[09:11] {cujo} he he

[09:11] {Threei}  secret room

[09:11] {cujo} nice

[09:11] {dino} ndx gaps 1136, and 1085; s&p 800

[09:11] {Threei}  unfortunately I lost keys

[09:12] {cujo} :(

[09:12] {nemo} get lapdances in there?

[09:12] {cujo} KS, you got the keys?

[09:12] {cujo} forgothe is away

[09:12] {dino} did someone say "lapdances"

[09:12] {nemo} no...wrote it

[09:12] {dino} lol

[09:19] {Threei}  dumped second K on GERN

[09:19] {Threei}  what the heck, I am starting the day with 2.5K profit

[09:19] {Threei}  why mess with it

[09:19] {Threei}  and that's after that yesterday's %500 gift from GOOG

[09:19] {cujo} nice room to move.  That including the GOOG from yesterday?

[09:19] {Threei}  no

[09:19] {Threei}  yesterday is yesterday

[09:20] {Threei}  who wants to laugh at my expense, feel free:

[09:20] {Threei}  when I woke up and looked at GERN,

[09:20] {Threei}  I didn't realize at once there was a handle change

[09:20] {Threei}  thought I got 40-50 cents gap

[09:20] {Threei}  when sold, couldn't understand where the much bigger profit came from

[09:20] {dptl} gm all

[09:21] {Threei}  then saw it was 6, not 5 anymore, LOL

[09:21] {Threei}  dp :)

[09:21] {hawkfan4} lol, nice surprise

[09:21] {cujo} those are the nice trading mistakes ;)

[09:21] {patience} spending money for the bahamas  :)

[09:21] {cujo} or oversights i should say

[09:23] {dino} when you get lucky bokk it, livermoore

[09:23] {Threei}  oh yeah

[09:23] {Threei}  that's a gift

[09:23] {ese} good morning

[09:23] {Threei}  horse... teeth..

[09:24] {Threei}  ese :)

[09:24] {wishbone} good morning

[09:24] {Threei}  wish :)

[09:24] {Threei}  DRYS nice price, and dry index is up again...

[09:24] {Threei}  will be a player at some point, just very risky

[09:25] {hawkfan4} a quick trip under 9 would be nice

[09:30] {dino} so would a quick golf trip

[09:30] {Threei}  lol

[09:30] {hawkfan4} lol, would be even better

[09:30] {Threei}  here is 9

[09:31] {dino} john thain spends $1 million re-decoirating his office, then gets canned

[09:31] {dino} 22k on drapes

[09:31] {Threei}  tough

[09:32] {Threei}  DRYS formed the setup... 9.20 break if holding 9

[09:32] {nemo} Thain was a buddy of mine's roommate at MIT

[09:32] {Threei}  scary one

[09:32] {Threei}  at your discretion guys

[09:32] {Threei}  risk is not to be underestimated

[09:32] {Threei}  if go for it, keep your size reasonable

[09:33] {magoo} in

[09:33] {Threei}  who would have doubt

[09:33] {Threei}  magoo and risk

[09:34] {Threei}  twins

[09:34] {nemo} he's the evil one

[09:34] {Threei}  almost hit 1:1

[09:34] {Threei}  then market hiccup pulled it back

[09:34] {cujo} Thanks Vad.  +.12

[09:35] {magoo} yeah was wait .45 hity .38

[09:35] {Threei}  welcome to gamblers list cujo

[09:35] {cujo} thanx

[09:35] {Threei}  it it can hold 9 during this market dump

[09:36] {Threei}  I'd say it has much more in it on market bounce

[09:36] {Threei}  try to partial mags

[09:36] {Threei}  if it jumps again I mean

[09:36] {dino} watching mcd, wmt, & aapl for gap

[09:36] {Threei}  with any market strength I won't be surprized to see 10

[09:37] {Threei}  wow GERN

[09:38] {cujo} Vad, STT?

[09:38] {Threei}  need one more steep leg down

[09:38] {Threei}  18.50 at least

[09:38] {cujo} got it.  thanks

[09:39] {Threei}  volatile stock as it is, and we have very volatile opening

[09:39] {Threei}  so I am double-careful on it

[09:40] {Threei}  half out DRYS mags?

[09:40] {Threei}  jumped over .40 for 1:1

[09:40] {magoo} not yet

[09:40] {magoo} waiting .87

[09:40] {Threei}  aren't you a greedy one

[09:40] {magoo} i like the way its acting

[09:40] {Threei}  profits are to be cherished

[09:40] {Threei}  protected

[09:41] {Threei}  give it a room if you like it, but protect part

[09:41] {magoo} indeed

[09:41] {nemo} that's what I thought about women

[09:41] {Threei}  sigh

[09:41] {magoo} i lwas telling EL this morn

[09:43] {dino} mcd sm l .40

[09:43] {Threei}  I am out half .47

[09:43] {magoo} SSTSTT

[09:43] {magoo} STt

[09:43] {magoo} sigh

[09:43] {magoo} STT

[09:44] {Threei}  jumped from exactly 18.50

[09:44] {Threei}  well... 18.46

[09:46] {Threei}  from under 18 this time

[09:46] {magoo} u make call

[09:46] {magoo} UGLY

[09:46] {Threei}  market sharp red bar

[09:47] {Threei}  but overall STT is ready

[09:47] {Threei}  one more setback, shallow one this time,

[09:47] {Threei}  then break of 18

[09:47] {Threei}  ideal scenario

[09:48] {Threei} Long Setup:  STT  half lot 18 break if stays above 17.80

[09:48] {magoo} in

[09:48] {Threei}  keep your stop as if your life depended on it

[09:48] {Threei}  this one is not to toy with

[09:49] {Threei}  if fails you can find yourself being a dollar or two down in no time

[09:50] {Threei}  stop on DRYS is trailed for the balance, right?

[09:50] {magoo} yup

[09:50] {Threei}  good

[09:50] {magoo} waiting .87 drys

[09:51] {magoo} .63 stt

[09:51] {hawkfan4} waiting .86

[09:51] {Threei}  lol

[09:51] {hawkfan4} kidding

[09:51] {Threei}  OK STT... it's time

[09:51] {dptl} waiting 19

[09:51] {Threei}  move you lazy butt

[09:51] {Threei}  over 1:1

[09:51] {Threei}  half out .23

[09:52] {Threei}  scalpers are scalpers, they took their profit and laugh at us

[09:52] {Threei}  umm... now we laugh at them

[09:52] {Threei}  I am out in full

[09:52] {Threei}  1:2

[09:52] {cujo} out .25

[09:53] {tomg} thanks vad stt

[09:53] {dptl} half .40

[09:53] {Threei}  .25?

[09:53] {Threei}  oh, sorry, confusing my stocks

[09:53] {Threei}  welcome guys

[09:53] {cujo} no worries

[09:53] {cujo} great call

[09:53] {Threei}  morning panic proves to be quite profitable event for us

[09:53] {magoo} out STT .69 TY 

[09:53] {magoo} +.69

[09:54] {hawkfan4} 1/2 out .63

[09:54] {Threei}  OK, I need to mark this day in calendar... I made magoo happy

[09:54] {magoo} yesterday u did{remember all compliments+beauty}

[09:54] {nemo} it's early yet...

[09:54] {Threei}  I thought you were just hitting on me

[09:55] {dino} lol

[09:55] {dptl} out 19 +1.00 ty

[09:55] {dino} tough task you have vad

[09:55] {Threei}  sheesh dp

[09:55] {magoo} nah..i like women

[09:55] {dino} wow dp

[09:55] {Threei}  I so do dino...

[09:55] {hawkfan4} out .98 rest, beauty(call)

[09:55] {dino} gj

[09:55] {dptl} [06:51] {&Threei}  OK STT... it's time

[09:55] {dptl} [06:51] {dptl} waiting 19

06[09:55] * Threei slaps dptl around a bit with a large reminder to be humble and not to take all the money there is in the market

[09:55] {magoo} kickin DRYS

06[09:56] * Threei slaps hawkfan4 around a bit with a large the same reminder

[09:56] {larisa} CNBC hype CSIQ

[09:56] {Threei}  huge jump

[09:57] {dino} don't listen to him guys, make hay when the sun shines

[09:57] {Threei}  very true

[09:58] {Threei}  don't listen to me, just let me know when you all don't anymore

[09:58] {Threei}  so I retire :)

[09:58] {Threei}  DRYS, needs to break .60

[09:58] {hawkfan4} 1/2 out drys .51

[09:58] {Threei}  that will take us into 1:2 territory

[09:59] {Threei}  and clear path for more

[09:59] {magoo} STT reload area?

[09:59] {Threei}  so make up your mind, to take it off or let it trade and try for something closer to 10

[09:59] {Threei}  on clear bottoming signal mags, yes

[09:59] {Threei}  like recross .50

[09:59] {Threei}  after little consolidation

[10:00] {Threei}  so far suppoert is .30

[10:00] {magoo} missed that

[10:00] {Threei}  1:1 in a hurry

[10:00] {Threei}  no chasing

[10:01] {Threei}  let it come to you

[10:01] {Threei}  we made a nice profits yesterday by fdoing just that,

[10:01] {Threei}  same thing with today's morning trades

[10:01] {Threei}  you buy breakouts in a bull market

[10:01] {Threei}  in what we have now you wait for the market to come to you

[10:02] {Threei}  good boy DRYS... now go

[10:03] {Threei}  PRESIDENT OBAMA AFFIRMS TARGET FOR ECONOMIC STIMULUS IN LATE FEBRUARY, STIMULUS IS 'ONE LEG OF THREE LEGGED STOOL'

[10:03] {Threei}  - Notes another leg of stool is 'waste and accountability'

[10:03] {Threei}  and third leg?

[10:03] {nemo} sawed off

[10:08] {magoo} he he nemo

[10:09] {nemo} or, do they turn it upside down for you...

[10:10] {hawkfan4} out drys .56

[10:11] {Threei}  just tired of it hawk?

[10:11] {Threei}  'cause exit is kind of

[10:11] {Threei}  not here not there :)

[10:11] {Threei}  I mean, if you trail stop, it shpould be under .40 now

[10:11] {hawkfan4} yeah, thing gets me too many times, wanted to lock it in

[10:11] {Threei}  if you wanted to take 1:2, spike over .60 was the time to do it

[10:12] {Threei}  OK

[10:12] {hawkfan4} yep

[10:12] {Threei}  that's valid reason too

[10:13] {hawkfan4} +2800 in 40 minutes, wanted to step back and regroup, sold everything

06[10:13] * Threei slaps hawkfan4 around a bit with a large roll of cash

[10:13] {nemo} not a bad morning so far...

[10:13] {Threei}  what are you talking about nemo... hawk is horribly underperforming this morning

06[10:14] * Threei is hiding under rock

[10:14] {nemo} Well hit him with something else then...such performance can't go unpunished

[10:14] {hawkfan4} :) lol

[10:14] {Threei}  grrr

[10:14] {Threei}  GERN over 7

[10:14] {Threei}  when will I learn to hold

[10:15] {nemo} when you want to start taking more losses?

[10:15] {Threei}  lol

[10:15] {nemo} so...does that mean you have to punish yourself?

[10:17] {Threei}  I am not going there

[10:17] {nemo} self flagellation is in order

[10:17] {Threei}  this line of discussions too often turns umm... non-family-friendly

[10:18] {nemo} I'll send you a cat-o-nine-tails and a salice

[10:19] {magoo} risky..like RIMM over 52

[10:19] {magoo} as in to go over

[10:19] {magoo} in .55

[10:20] {cujo} MSFT short .44

[10:23] {magoo} out 04 TY vad

[10:23] {magoo} +.60

[10:23] {Threei}  on what?

[10:24] {magoo} or .59

[10:24] {magoo} RIMM

[10:24] {Threei}  hmmm

[10:24] {magoo} [10:19] {magoo} risky..like RIMM over 52

[10:24] {magoo} [10:19] {magoo} as in to go over

[10:24] {magoo} [10:19] {magoo} in .55

[10:24] {Threei}  why thank me... I haven't called it

[10:24] {magoo} auto ty button

[10:24] {Threei}  lol

[10:25] {nemo} must be nice twin today

[10:25] {Threei}  elepet... you booked your GERN yet?

06[10:26] * magoo slaps nemo around a bit with a large book on how un nice i can be

[10:26] {Threei}  STEM... never though this dog had any bark left

[10:26] {nemo} you mean leaflet?

[10:26] {nemo} I'm really at a disadvantage here

06[10:27] * magoo slaps nemo around a bit with a large grinn knowing nemo has no ways -n- means of retaliation

[10:27] {Threei}  that book is like Marx's Capital nemo... 4 rather thick volumes

[10:27] {nemo} Yeah, every page says, "All work and no beer makes mags a dull boy!"

[10:27] {magoo} any interest in STT vad

[10:28] {magoo} dont have to worry avbout that nimo

[10:28] {Threei}  well, .50 break is obvious setup... I just would like tighter consolidation so we could have smaller stop

[10:30] {magoo} vad..its inVestor,..not inWestror he he 

[10:31] {Threei}  hmm?

[10:31] {nemo} hit 'em!

[10:33] {cujo} out +.10 MSFT

[10:33] {larisa} for russian ear there is no real difference between french, asian and woman's {investor} :) 

[10:34] {Threei}  what are you all talking about?

[10:34] {nemo} larisa must have been having a "private" conversation...I'm interested, though.

[10:35] {larisa} you need watch TV more :) funny advertisement

[10:35] {Threei}  I am lost starting with

[10:35] {Threei}  [10:30] {magoo} vad..its inVestor,..not inWestror he he

[10:35] {tomg} thanks, vad, was a good week. see yall monday

[10:35] {dino}  it is a good commercial

[10:35] {nemo} Too much TV rotted my brain

[10:35] {Threei}  take care tom, congratulations and have a great weekend

[10:35] {cujo} see ya tom

[10:37] {dptl} .

[10:39] {Threei}  CHINA ISSUES STATEMENT: 'NOT MANIPULATING' CURRENCY

[10:39] {Threei}  - Reminder: Last night a chinese official rejected FX manipulation claims from Treasury Sec Nominee Geithner that Obama believed China was manipulating its currency, arguing that the US was trying to manipulate China's currency

[10:40] {Threei}  I am lost

[10:40] {nemo} Isn't pegging manipulation?  What's the big deal?

[10:44] {hawkfan4} GERN holy smokes

[10:45] {fernp} Hello traders

[10:45] {fernp} Interesting morning?

[10:46] {larisa} for crazy part of the room : yes :)

[10:46] {nemo} cute

[10:47] {dino} mcd out .90, +.50

[10:47] {magoo} dinoooooooooo:)

[10:47] {dino} slowwwww

[10:47] {hawkfan4} nice

[10:47] {dino} ty

[10:48] {Threei}  fern :)

[10:48] {Threei}  beautiful morning.. too bad you missed

[10:49] {fernp} yes. sorry, I've been working

[10:52] {Threei}  SENATE FINANCE COMMITTEE: TO EVALUATE STIMULUS PACKAGE JAN 27, WITH REGARDS TO TAXES, AID FOR JOBLESS AND STATES

[10:52] {nemo} It's a 10 year spending plan.  Stimulus my a$$.

[10:54] {elepet} gern oh my . and i never sold

[10:54] {Threei}  you better start

[10:54] {elepet} gern. and i never sold.

[10:54] {hawkfan4} mama mia, nice

[10:54] {cujo} nice call el. 

[10:54] {cujo} i'm all doom and gloom

[10:54] {cujo} don't listen to me ;)

[10:54] {elepet} i cant. fingers frosen

[10:56] {hawkfan4} even i would sell at least half here

[10:57] {Threei}  elepet... profits are to be taken

[10:57] {Threei}  what is it you want to wait for?

[10:57] {Threei}  15? 20?

[10:57] {wishbone} vad please forward text from [10:47:37] {hawkfan4} nice, having connection issues

[10:58] {dino} "gut" call, close green

[10:58] {larisa} how green ? 

[10:59] {Threei}  I don't see it wish

[10:59] {dino} 100, 15, 20

[10:59] {larisa} nice :)

[10:59] {wishbone} ok ty...not sure when conection  is lost is all

[10:59] {dino} not fact larisa

[10:59] {larisa} lol

[11:00] {Threei}  GERN is pullback- ready

[11:00] {cujo} what do you see as an entry on GERN?

[11:01] {Threei}  7.50 - 7.60 zone

[11:01] {dino} dia sm l .70

[11:05] {Threei}  with all the morning hoopla on DRYS and STT and GERN, forgot to check up on my yesterday's candidate for mojo return... UAUA

[11:09] {Threei}  US HOUSE REPUBLICANS ARE PROPOSING A SEPARATE PACKAGE FOR TAX BREAKS IN LOW INCOME TAX BRACKET, INCLUDES SMALL BUSINESS TAX DEDUCTIONS AMOUNTING TO 20% OF INCOME

[11:09] {Threei}  - Package may also include provisions to make unemployment benefits tax free

[11:09] {dino} ndx and comp going green

[11:09] {dino} darn aapl, wanted 83 area gap

[11:11] {Threei}  SEC HEAD SHAPIRO: AGENCY REQUIRES MORE FUNDING TO HAVE BETTER OVERSIGHT, REQUIREMENTS MUST BE INCREASED ON BROKER DEALERS FOR STRONGER NET CAPITAL

[11:11] {cujo} do you see some consolidation in RIMM Vad?

[11:11] {Threei}  US TREASURY SEC NOMINEE GEITHER: MUST CONSIDER REGULATORY OVERHAUL, REGISTRATION FOR HEDGE FUNDS, AGENCY CONSOLIDATION

[11:12] {Threei}  I am not delighted by it cujo

[11:12] {cujo} ok

[11:12] {Threei}  it will go up if market does... but overall, it's a bit weaker than broad market

[11:13] {Threei}  look how close NASDAQ is to its high

[11:13] {Threei}  and how RIMM is solidly below its

[11:13] {cujo} yeah

[11:13] {dino} comp green, ndx flat

[11:14] {dptl} abx?]

[11:15] {Threei}  probably worth a try... hard to tell really

[11:15] {Threei}  doesn't spike with market this time

[11:17] {magoo} DRYS dead vad?

[11:17] {Threei}  not dead exactly but not worth the risk in my eyes

[11:18] {dino} dia hard stop to .40

[11:18] {Threei}  CNN talking about stem cells

[11:19] {dino} eqix strong

[11:19] {Threei}  GERN went through some consolidation

[11:19] {Threei}  looks like 8.05 long if stays above 7.90

[11:19] {dino} stopped dia .40, +.70

[11:20] {dino} too tight

[11:20] {Threei}  GERN CEO on

[11:21] {Threei}  US SEN MAJORITY LEADER REID: NO CONCERNS OVER WHETHER REPUBLICANS MAY SEEK TO BLOCK STIMULUS

[11:21] {magoo} in GERN

[11:22] {Onix} such a beautiful rally with nothing to trade

[11:22] {Threei}  CEO sounds a bit questionable

[11:23] {Threei}  nothing to trade?

[11:23] {magoo} out

[11:23] {Threei}  yeah

[11:23] {Threei}  he starred talking about "not being a miracle" etc

[11:24] {Threei}  who needs to hear that

[11:24] {fernp} out here too

[11:24] {dino} he has feb puts on it

[11:24] {dino} getting killed

[11:24] {Threei}  lol

[11:24] {Threei}  explain to me your expectations guys... 'cause I am lost

[11:25] {Threei}  you want to make money or you want to trade all the time?

[11:25] {Threei}  if former, that's what we are doing here, I thought

[11:25] {Threei}  if former, I can call new trade every 3 minutes, and you will have something to trade all the time

[11:26] {Threei}  but forget about being profitable then

[11:26] {nemo} STT pullback

[11:26] {hawkfan4} completely agree, my pnl is so much better when my commisions are lower

[11:29] {dino} why the explain lecture?

[11:29] {nemo} Repetition is the mother of all teaching

[11:29] {Threei}  it's just that comments like "such a beautiful rally with nothing to trade" confuse me

[11:30] {Threei}  either I don't manage expectations right

[11:30] {Threei}  or don;'t fulfill what I promise

[11:31] {dino} ok, missed that

[11:31] {dino} i only did 2 trades so far 2 for 2

[11:31] {dino} "chuck" most likely wondering why commissions are dropping

[11:31] {Threei}  GERN HEARING UPGRADED AT NEEDHAM, PT $9 (TIMING UNCERTAIN)

[11:32] {hawkfan4} just do what u do, it works.  everyone can find their own setups if they want to trade more

[11:32] {Threei}  where was Needham when it was at 4?

[11:33] {Threei}  aren't these guiys supposed to do a research,

[11:33] {Threei}  go to the company, find out about upcoming develoments

[11:33] {Threei}  build their ideas based on information they analyse

[11:34] {Threei}  instead of issuing their upgrades and downgrades after the fact and after the price move

06[11:36] * Threei slaps KSystems around a bit with a large roll of cash

[11:36] {KSystems} Hey :)

[11:36] {KSystems} that was fast

[11:36] {cujo} Hey K

[11:36] {nemo} Wie gehts Jung!

[11:36] {cujo} how are things?

[11:36] {Threei}  scalper's reflexes, you know

[11:37] {KSystems} did i miss much?

[11:37] {larisa} Vad, i need  new clothes for my vacation, so call someFing... safe, profitable,  5$ mover, no pullbacks

[11:37] {larisa} morning KS :)

[11:37] {KSystems} larisa!

[11:38] {Threei}  yes KS

[11:38] {Threei}  sorry to say

[11:39] {Threei}  DRYS approaches that 10

[11:39] {KSystems} any open calls?

[11:39] {Threei}  no

[11:46] {hawkfan4} back in gern .04

[11:46] {Threei}  STT pullback for bounce scalp

[11:47] {Threei}  wait for market strength

[11:49] {Threei}  STT .90 break if holding .80

[11:50] {Threei}  half lot, this kind of trades may require multile tries

[11:51] {KSystems} in

[11:51] {Threei}  over 1:1

[11:51] {Threei}  nice and easy

[11:52] {fernp} was easy. TY

[11:52] {Threei}  :)

[11:52] {jmb} thanks

[11:53] {KSystems} thanks!

[11:53] {cujo} thanks Vad

[11:53] {Threei}  sure thing

[11:53] {Threei}  lunch tyime scalpingh

[11:53] {cujo} + .13

[11:53] {Threei}  sorry larisa, it's not $5

[11:53] {Threei}  won't help with full wardrobe

[11:54] {larisa} bikini may be :)

[11:54] {Threei}  but, let's update it one thing after another

[11:54] {Threei}  right

[11:54] {larisa} k

[11:54] {Threei}  that was one piece

[11:57] {Threei}  wish, look dcc pls

[12:02] {Threei}  wishbone?

[12:03] {wishbone} yes

[12:03] {Threei}  look dcc please :)

[12:03] {Threei}  STT did same thing again... .50 - .60

[12:03] {wishbone} this mirc isn't workin quite same as old one....having technical difficulties.

[12:04] {Threei}  just doubleclick on my nick

[12:04] {Threei}  it's the same

[12:06] {Threei}  let's di a quick educational piece guys

[12:06] {cujo} y please

[12:06] {Threei}  so you know how to structure this kind of play in case I am distracted, fell asleep, got drunk, got hit by the bus etc

[12:07] {dino}   hmmm

[12:07] {Threei}  we took STT with structure .80 - .90 last time around,

[12:07] {Threei}  then it dropped into .50

[12:07] {Threei}  formed .50 - .60 setup.

[12:08] {Threei}  Why there was no setup at .60 - .70?

[12:08] {Threei}  or .70 - .80?

[12:08] {Threei}  as soon as you answer this for yourself, you know how this kind of ounces is played

[12:09] {cujo} no past support at those levels?

[12:09] {Threei}  one thing, yes

[12:09] {Threei}  another is,

[12:09] {nemo} no resistance or drop in volume?

[12:09] {nemo} support

[12:09] {Threei}  it never formed any kinf of range between those levels

[12:09] {fernp} no consolidation

[12:09] {dptl} no consolidation

[12:09] {Threei}  it was simply ticking through them

[12:09] {Threei}  fern and dp get the door prize, to be determined yet

[12:10] {Threei}  look what it did when it hit .50

[12:10] {Threei}  a few oscillations back and forth

[12:10] {Threei}  forming resistance,

[12:10] {Threei}  then breaking it

[12:10] {Threei}  That gives you setup structure:

[12:10] {Threei}  trigger (broken resistance)

[12:11] {Threei}  and stop (support level)

[12:11] {Threei}  Sometimes we get so lucky that additional factors come in play

[12:11] {Threei}  one is our standard:

[12:11] {Threei}  market directional support

[12:12] {Threei}  look at NASDAQ at the moment, you'll see it starting to uptick

[12:12] {Threei}  anotger is rare luck

[12:12] {Threei}  but when we get it, effect is multiplied:

[12:12] {Threei}  big offer right at the resistance level

[12:12] {Threei}  we had this kind yesterday,

[12:12] {Threei}  I think on DRYS

[12:13] {Threei}  if such offer gets eaten AND resistance broken AND market helps...

[12:13] {Threei}  you got your play

[12:14] {Onix} thank you for your trouble Vad, really appreciate it:)

06[12:14] * Threei shuts up and falls asleep

[12:14] {Threei}  always, onix

[12:14] {fernp} thanks for sharing your knowledge

[12:14] {cujo} was very educational.  

[12:14] {Threei}  what knowledge... I just invenetd this stuff

[12:14] {Onix} :D

[12:14] {Threei}  :)

[12:15] {fernp} lol

[12:16] {larisa} same setup on HIG this morning, PSE was selling at 13 all you want, not moving. Once it broke, vertical up. 

[12:17] {larisa} wrong window

[12:17] {larisa} sorry :)

[12:17] {dptl} so...stt now consolidates...right?

[12:17] {Threei}  hmmm... who did you intend to inform about that larisa?? :)

[12:18] {Threei}  yes dp, but this is diferent kind of play

[12:18] {larisa} notes for myself, learning your setups :)

[12:18] {dptl} thats where i get confused

[12:18] {Threei}  let me disperse the clouds then

[12:19] {dptl} ok :) pls

[12:19] {Threei}  the play we discussed was a strcture for the bounce

[12:19] {Threei}  kind of mini-bottom fishing

[12:19] {Threei}  what we have now in STT is more like mini JBE

[12:20] {Threei}  we have upward movement

[12:20] {Threei}  then consolidation range to break

[12:20] {Threei}  see the difference?

[12:21] {dptl} yes,so it's still legit set up?

[12:21] {Threei}  sure

[12:21] {dptl} got it :)

[12:21] {Threei}  it's just done in different type of market movement and with different expectations

[12:21] {Threei}  bounce scalp is bounce scalp

[12:22] {Threei}  breakouts tend to take a stock into new territory when happen at the day high

[12:22] {Threei}  not the case right now with STT,

[12:22] {Threei}  but overall, if on bounce scalp I tend to take scalp and be happy,

[12:22] {Threei}  especially in lunch time and especially when it's clear countertrend trading

[12:23] {cujo} what if it is an upward move and consolidates below the high of the previous move.  Is the peak of the chart the resistence of the move out of consolidation?

[12:23] {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?

[12:23] {larisa} lol cujo

[12:23] {Threei}  breakouts if done in according type of market often carry bigger potential

[12:23] {Threei}  btw, while I typed all this stuff,

[12:23] {Threei}  STT got stuck with big seller at 19

[12:23] {nemo} Is DRYS setting up for breakout?

[12:23] {Threei}  I took break, put sell ay 19.15

[12:24] {Threei}  continued typing and was taken out

[12:24] {Threei}  multitasking at its best...

[12:24] {Threei}  ok, back to questions:

[12:24] {dptl} so,it has more odds to be good if happens at the days high? jbe

[12:24] {Threei}  cujo, generally yes,

[12:24] {magoo} ok..what the hell u talking about 

[12:25] {Threei}  just pay attention to the chart formations and type of the move

[12:25] {Threei}  what I mean by that is:

[12:25] {Threei}  magoo, give me a minute, I'll slap you when answered all the questions

[12:25] {magoo} ok

[12:25] {Threei}  no, wait

06[12:25] * Threei slaps magoo around a bit with a large trout

[12:25] {Threei}  ok

[12:25] {magoo} lol

[12:25] {Threei}  by chart formations I mean things like

[12:26] {Threei}  is it C&H? is it JBE? is it double top? is it third test of the high?

[12:26] {Threei}  out of let's say second test and third, which one has better chance to break?

[12:27] {Threei}  that was actual question, not rhetoric

[12:27] {dptl} 4th

[12:27] {Threei}  while you are thinking

06[12:27] * Threei slaps magoo around a bit with a large trout

[12:27] {magoo} 3rd

[12:27] {Threei}  right

[12:27] {Threei}  and by the type of movement I mean:

[12:27] {Threei}  how did stock come into resistance?

[12:27] {Threei}  slowly climbed into it or spiked sharply?

[12:28] {dptl} slowly better

[12:28] {Threei}  in former case I like my breakout, especially with extra bacon, thank you

[12:28] {Threei}  sharp spike into resistance, nope,

[12:28] {Threei}  I want another pullback first,

[12:28] {Threei}  not going to buy euphoric spike

[12:28] {magoo} hey..i am eating bacon right now blt

[12:28] {magoo} no kid

[12:29] {Threei}  great.. magoo did it... no more q/a, I am hungry

[12:29] {Threei}  {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?

[12:29] {larisa} have an apple

[12:29] {Threei}  OK, this one is eaxctly why I called it "mini JBE"

[12:29] {Threei}  usual JBE is whole day chart

[12:30] {Threei}  have a look at HIG

[12:30] {Threei}  consolidation around 12.50, broken at 10:55 roughly

[12:30] {Threei}  is normal JBE

[12:31] {Threei}  that setup STT formed from 12:00 to 12:15 is mini JBE

[12:31] {Threei}  little piece of chart

[12:31] {cujo} sey guys, what is JBE?

[12:31] {Threei}  less reliable, having larger constraints on it

06[12:31] * Threei slaps cujo around a bit with a large book of Techniques of Tape Reading

[12:31] {nemo} Jump Base Explosion

[12:32] {magoo} ill sell u mine cujo

[12:32] {Threei}  and DBI is Drop - Base - Implosion

[12:32] {cujo} 10-4

[12:32] {magoo} photogeneric memory here

[12:33] {magoo} um,er pghotogymnastic memory

[12:33] {cujo} thanks magoo

[12:33] {Threei}  what else do we have

[12:33] {Threei}  {dptl} so,it has more odds to be good if happens at the days high? jbe

[12:33] {cujo} have it, just lent to friend

[12:33] {Threei}  generally, yes, in the right market

[12:33] {Threei}  mini JBE occuring somewhere in the middle of the chart has additiojnal resistance levels

[12:33] {Threei}  from this same day

[12:33] {magoo} if u lend it..u cutting out vad sale

[12:33] {Threei}  again, that mini JBE on STT

[12:34] {cujo} MU Vad, .40-.45 entry?

[12:34] {magoo} i keep pulling up JBE symbol and gets nothing vad

[12:34] {Threei}  apparently had a resistance around .20 - .25 from 11;40 roughly

[12:34] {Threei}  see it?

[12:35] {Threei}  and look where it topped at 12;23

[12:35] {magoo} and i cant find STT setup in your book

[12:35] {Threei}  finally:

[12:35] {magoo} its almostr like u have them backwards

[12:35] {Threei}  {magoo} ok..what the hell u talking about

06[12:35] * Threei slaps magoo around a bit with a large roll of cash

06[12:35] * Threei slaps magoo around a bit with a large scalping course

06[12:36] * Threei slaps magoo around a bit with a large daytrading course

06[12:36] * Threei slaps magoo around a bit with a large Master Profit Plan

06[12:36] * Threei slaps magoo around a bit with a large chart of uptrending market

[12:36] {wishbone} lol mags

06[12:36] * Threei slaps Threei around a bit with a large trout

06[12:36] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading

06[12:36] * Threei slaps magoo around a bit with a large everything your imagination could describe

[12:36] {Threei}  have I answered all questions now?

[12:36] {cujo} y

[12:37] {dptl} yep ty

[12:37] {Threei}  cool.. falling asleep

[12:37] {Threei}  magoo, pick yourself up from the floor...

[12:37] {wishbone} vad that was awesome....helps put peices together ty

[12:37] {Threei}  sure thing...

[12:37] {magoo} dino dailing 911 here..magoo knocked onconsciuos

[12:38] {nemo} he needs a brain to have a concussion

[12:38] {nemo} GERN vad?

[12:38] {Threei}  GERN is a toughie... it becomes an exhausted momo

[12:39] {Threei}  for normal technical stuff to start working on it, it needs serious pullback

[12:39] {nemo} triple top shows exhaustion?

[12:39] {Threei}  and elepet... what can I do to convince you to start taking at least partials on GERN

[12:40] {Threei}  triple top with last one lower than first two...

[12:40] {Threei}  volume configuration has changed

[12:40] {magoo} seriously here {as i pick myself up off floor}  GERN avail short tolaserheads

[12:40] {Threei}  not volume is increasing on drops, not on advances

[12:40] {Threei}  trying again:

[12:40] {Threei}  now volume is increasing on drops, not on advances

[12:41] {Threei}  hype was already practically everywhere

[12:41] {Threei}  news wires, CNBC, even CNN

[12:41] {Threei}  and stock is not advancing anymore

[12:41] {Threei}  tells you something?

[12:41] {Threei}  add its history:

[12:41] {Threei}  GEREN is serial disappointer,

[12:41] {Threei}  it moves nicely but rarely sustainable

[12:42] {Threei}  look at the news itself:

[12:42] {Threei}  it's just first phase trial approaval

[12:42] {Threei}  how long till it becomes something of subtance, if at all?

[12:42] {Threei}  will funding flow or will some group in Senate block it again?

[12:43] {Threei}  it's stem cells, controversy is abundant

[12:43] {Threei}  now... with all this, isn't it "take your profits" case?

[12:43] {Threei}  PALM

[12:43] {Threei}  BEST BUY MOBILE EXEC: WE ARE HOLDING TALKS TO SELL PALM'S PRE SMARTPHONE, NOT YET READY TO ANNOUNCE RETAIL DEAL

[12:43] {Threei}  - says also in discussions with Sprint

[12:45] {dptl} .80 short .90 stop stt?

[12:47] {dptl} or......90 long .80 stop..lol

[12:48] {Threei}  with market spiking... :)

[12:49] {Threei}  if you don't have clear indication from maret at the moment, there is just no readable play

[12:50] {Threei}  don't fall into trap thinking that any and every move can be read

[12:50] {Threei}  this is frequently made mistake

[12:50] {Threei}  when someone tells you:

[12:50] {Threei}  if you are so smart, tell me what XYZ is going to do next

[12:51] {Threei}  you know you are talking to someone who has no clue

[12:51] {Threei}  trading is not about reading everything all the time,

[12:51] {Threei}  trading is about waiting for the market for form something you can read

[12:52] {dptl} i see :)

[12:54] {dino} if i may; good trading is not about being right, it's about trading right

[12:55] {Threei}  yes dino, but this is answer to different question

[12:55] {Threei}  and you leave me with no powder if that one comes up :)

[12:55] {dino} oh, uh sorry boss

[12:55] {wishbone} dino...can i clone u? so you're clone can sit beside me and help me learn:)

[12:55] {wishbone} i promise to feed him, give him a home....

[12:56] {Threei}  lol

[12:56] {dino} lol, could get expensive, i drink alot

[12:57] {wishbone} that's ok me too...besides totally worth investment

[12:58] {wishbone} except....will he smell funny?

[12:58] {wishbone} and will he be polite?

[12:58] {wishbone} lol

[12:58] {dino} hmmmmmmmmmmm, wondering what magoo has been saying behind my back

[13:02] {Threei}  LOL DRYS

[13:02] {Threei}  I said 10... who knew it had 11 in it too

[13:02] {magoo} i did

[13:03] {Threei}  STT forming minirange

[13:03] {Threei}  if market spikes, .20 break long trigger for a scalp

[13:04] {dptl} in .22

[13:04] {magoo} 21 in cards if IF market spikes 

[13:05] {magoo} dino cakked green finish

[13:06] {dptl} stop under .10

[13:06] {Threei}  well, in that range low was .15

[13:06] {Threei}  so formally, stop would have to be under that

[13:06] {dptl} ok 

[13:06] {Threei}  but feels way too tight

[13:07] {Threei}  in any case, it spiked into 1:1 almost immediately

[13:07] {Threei}  why not half out into sharp spike

[13:07] {magoo} mkt not committed up yet

[13:07] {magoo} careful here

[13:07] {dptl} missed that exit

[13:08] {Threei}  holding well while market is downticking

[13:08] {Threei}  fairly nice trade

[13:10] {Threei}  even if your original stop was under .10, after tagging 1:1 twice it's fair to trail it to under .15

[13:10] {dptl} ok

[13:11] {Threei}  and it starts looking like more than scalp if market helps

[13:11] {Threei}  this market bounce should take it over .30

[13:11] {dptl} thinking the same

[13:11] {Threei}  here it comes

[13:12] {Threei}  half out .34

06[13:12] * Threei yawns... making money becomes too easy and boring

06[13:12] * Threei misses a good fight

[13:12] {Threei}  1;2

[13:13] {magoo} missed that onee'

[13:13] {Threei}  must be my fault mags

[13:13] {Threei}  you are still dizzy from all that slapping

[13:13] {magoo} reading real money..missed making "real money" ironic

[13:13] {dptl} out .47 ty

[13:14] {Threei}  welcome sir

[13:14] {dino} cedc sm l .50

[13:14] {Threei}  isn't it perfect... we discussed all that theory,

[13:14] {Threei}  and trade structured just like texbook example came about in the next 30 in

[13:15] {dptl} :)

[13:15] {KSystems} Thanks Vad!!

[13:16] {Threei}  :)

[13:20] {dptl} ah..was thinking to get on pull back at .40 with .30 stop and missed it

[13:21] {dptl} that stt was good to us last couple of days

[13:22] {Threei}  always happens

[13:22] {Threei}  one momo runs out of gas, another is right around the corner

[13:22] {Threei}  used to be UAUA

[13:22] {Threei}  then DRYS came about

[13:22] {Threei}  the STT

[13:22] {Threei}  PLD

[13:22] {Threei}  HIG

[13:22] {Threei}  LVS

[13:23] {Threei}  familiar symbols? :)

[13:23] {dptl} ye...hated uaua though.....i am also watching plc last two days

[13:24] {dptl} pnc...sorry

[13:24] {Threei}  that's OK, magoo hated both UAUA and DRYS

[13:24] {Threei}  but as they say... if you hate squirrels, you just don't cook them right {G}

[13:25] {dptl} :)..ye i know that one

[13:25] {wishbone} squirrels are rats with fur!

[13:25] {wishbone} imo

[13:26] {dino} [10:59] {dino} 100, 15, 20

[13:26] {dino} theres the ndx 15

[13:28] {Threei}  powerful move SLW today

[13:28] {nemo} slw auy tck

[13:29] {dptl} abx gg also

[13:29] {Threei}  not really wonder with metals and PMs being strong today

[13:38] {dino} out nat .47, +.47

[13:42] {Threei}  WHITE HOUSE PRESS SECRETARY: ECONOMY WON'T GET BETTER OVERNIGHT; STIMULUS WILL HAVE RAPID EFFECT; 75% OF STIMULUS WILL BE FELT IN THE FIRST 18 MONTHS

[13:42] {Threei}  I say:

[13:42] {Threei}  if they don't do ahything at all,

[13:42] {Threei}  and leave the economy well alone

[13:43] {Threei}  positive impact wil be felt in the first 18 months

[13:43] {Threei}  get out of the way, stop fixing it, and it will fix itself

[13:43] {Threei}  painfully but fast

[13:43] {Threei}  their way is painful and slow

[13:45] {cujo} ANy read on STT VAD?

[13:46] {dino} i am w/you vad, let the markets work it out. the strong survive, the rest go away

[13:47] {dino} they have messed w/the fundamentals of capitalism

[13:48] {Threei}  and long term consequences of that will be much worse than any today's trobles

[13:48] {Threei}  well, STT...

[13:48] {Threei}  for a breakout, I'd like to see consolidation clower to 20

[13:49] {cujo} no short set up?

[13:49] {Threei}  if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter

[13:49] {Threei}  maybe... I just hate shorting uptrending market

[13:50] {ese} well my goodness......i can get in this way from work....how bout that .....

[13:51] {Threei}  kewl

[13:51] {ese} ami i in?

[13:51] {Threei}  yes sir

[13:51] {Threei}  STT won't even drop with market

[13:51] {cujo} yeah

[13:51] {cujo} weird

[13:51] {Threei}  no way I'd short this thing

[13:52] {ese} couldn't do this via the old board

[13:52] {Threei}  old board was meaner

[13:52] {Threei}  this one is tree-hugging bleeding heart, soft as baby food

[13:53] {ese} definately......had to give another exam this morning....left abruptly this morning

[13:53] {ese} so whats a happenin

[13:53] {ese} interesing recovery looks like

[13:54] {Threei}  not much... made a lot of money, had a fish fight with magoo...

[13:54] {Threei}  another day in the office

[13:54] {ese} what did ya make money on?

[13:54] {Threei}  poker, bridge...

[13:54] {Threei}  oh, you mean in the market

[13:55] {ese} yes indede

[13:55] {Threei}  GERN, STT, DRYS... something else

[13:55] {cujo} yeah stt no likey short

[13:55] {magoo} i think im calling it a day

[13:55] {magoo} up good, got things to do

[13:55] {dptl} thinking the same 

[13:56] {Threei}  let's make it tradition... 30 min trading, making monety, going away

[13:56] {dino} thats no good, i usually don't start until 10:00

[13:56] {dino} i'll be here alone

[13:56] {magoo} well..i hate giving back on a friday..stew over it all weekend

[13:57] {Threei}  you need to stop living in rearwiev mirror mags {G}

[13:57] {cujo} market goes up STT drops...  hmmm

[13:58] {Threei}  stewing over something that is in the past already, can't be changed, can only demoralize tyou...

[13:58] {magoo} ty boss...see u all monay

[13:58] {Threei}  take care, have a good weekend

[13:59] {Threei}  cujo, just leave it alone for now

[13:59] {dino} dji +

[13:59] {cujo} yeah

[13:59] {Threei}  as we said earlier... not everything can be read

[13:59] {cujo} just perplexed at this point. 

[13:59] {cujo} not trying to trade it

[14:00] {Threei}  this one lost clean patterns for now

[14:00] {cujo} cigar is just a cigar

[14:00] {Threei}  (said Bill Clinton)

[14:00] {dino} [13:26] {dino} [10:59] {dino} 100, 15, 20

[14:00] {dino} [13:26] {dino} theres the ndx 15

[14:00] {larisa} nice :)

[14:00] {dino} we were -170 dji on the call lets see oif we get the +100

[14:01] {Threei}  quite amazing

[14:01] {Threei}  that morning gap down was a gift

[14:01] {Threei}  good thing we took it

[14:01] {dino} next week, mark-ups. will be watching for the 4 month pattern, rock-n-roll to 8900+

[14:02] {Threei}  looking at intraday,

[14:02] {ese} what news vad changed the market around  

[14:02] {Threei}  can you believe we were long DRYS at 9.20?

[14:02] {Threei}  no news ese

[14:03] {wishbone} vad dcc please thank you

[14:03] {dino} nothing es

[14:04] {hawkfan4} grr, remind me not to schedule appointments during the middle of the day!

[14:05] {Threei}  lol

[14:08] {dptl} how about now stt......   .90 - 20?

[14:10] {dptl} ok.....have a good weekend all...ty..and see ya monday

[14:10] {cujo} catch ya later DP

[14:10] {fernp} bye dp

[14:10] {Threei}  take care dp

[14:13] {dino} cya dp

[14:18] {nemo} Well, guess the floor is in on oil.  After yesterday's announcements and SLB talking bad earnings and poor outlook, the stock is up 10%

[14:18] {Threei}  GERN is coming into bounce zone

[14:18] {Threei}  one more sharp drop and I'll get interested

[14:19] {nemo} into support @ 7 or so

[14:19] {Threei}  alternatively, 7.10 break if not losing 7 anymore

[14:25] {cujo} in .14

[14:27] {Threei}  breifly hit over 1:1

[14:27] {Threei}  hard to tell if has more in it

[14:27] {KSystems} half out .20....yes

[14:28] {cujo} out .17

[14:28] {jmb} thanks

[14:30] {Threei}  6.60 zone I'd me more enthusiastic about it

[14:31] {Threei}  elepet... I really hope all my begging made you sell or partial

[14:32] {nemo} why 6.60?  start range?

[14:32] {Threei}  it stgruggled around that range before starting its run

[14:32] {Threei}  closest natural support

[14:33] {cujo} when covering accidentally went short an extra 100

[14:33] {cujo} ha ha ha

[14:33] {Threei}  thwere is some support around 6.80 but it doesn't feel like holding

[14:34] {Threei}  STT is coming into support too

[14:35] {cujo} on its way through looks like...

[14:35] {Threei}  most likely

[14:36] {Threei}  not rushing in, want to see more selling

[14:36] {cujo} y

[14:37] {elepet} buying GERN?

[14:37] {Threei}  nah, not safe enough here

[14:37] {Threei}  not very convincing bounces

[14:38] {Threei}  elepet... you sold any?

[14:39] {elepet} long ago.made $3000 very tense though.

[14:39] {Threei}  whew

[14:39] {Threei}  why tense

[14:39] {Threei}  be tense when you lose money

[14:39] {Threei}  not when you make it

[14:40] {elepet} totally focused all day. hard work. except i made and drank some wheat grass juice.hehehe

[14:40] {Threei}  better choice than vodka anyway...

[14:40] {cujo} you have a wheat grass machine in your house?

[14:40] {Threei}  even though dp would disagree with me

[14:40] {nemo} I would disagree

[14:40] {cujo} stt

[14:40] {Threei}  there... dp got a comprade

[14:41] {cujo} this enough selling for you?

[14:41] {Threei}  nope

[14:41] {cujo} ;)

[14:41] {Threei}  13:49] {Threei} if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter

[14:41] {cujo} ahh memories

[14:41] {elepet} now watching HIG. another 2 day hold over.finally green. yes i do have wheat grass juicer.

[14:41] {Threei}  both, market ad STT is mini downtrend now

[14:41] {Threei}  I need more convincing that this to go long

[14:42] {cujo} yup

[14:45] {elepet} GERN again? I kind of miss it.

[14:45] {elepet} we joined at the hip today.

[14:45] {Threei}  I don't have firm read on it here

[14:45] {nemo} yeah, bounced off that 6.80

[14:45] {Threei}  kind of flaky

[14:46] {elepet} I know.

[14:46] {elepet} but so am i

[14:46] {Threei}  you have this way of marrying the stock elepet...

[14:47] {cujo} ok, through .50....  where next...

[14:47] {elepet} this one i didn't just marry. I merged. not all of them though.

[14:47] {nemo} I wonder if it's "Friday afternoon-don't want to go into the weekend long" syndrome

[14:47] {cujo} divorce?

[14:47] {nemo} vulcan?

[14:47] {Threei}  don't know cujo.. I am not getting signal I would want to see

[14:48] {Threei}  so I write it off as "no read"

[14:49] {elepet} vulcan it is. not sure i know what you mean, but i think i get the idea.

[14:49] {nemo} melded with the stock

[14:49] {nemo} merged...sorry

[14:49] {Threei}  amalgamation

[14:50] {elepet} ah so.

[14:50] {nemo} nah...amalgamation is a mess

06[14:50] * Threei faints in awe of his vocabulary

[14:50] {Threei}  better STT

[14:50] {nemo} sesquepaedalian

[14:50] {Threei}  comeon, drop

[14:50] {cujo} drop it like its hot...

[14:51] {Threei}  sesquepaedalian reminds me of chronoclastic infundibula

[14:51] {nemo} I'll have to google that one

[14:52] {nemo} how about "omphalos skepsis"

[14:52] {Threei}  Kurt Vonnegut... Sirens of Titan

[14:52] {dino} hmmm, just like yesterday

[14:53] {nemo} well, Vad, you said that on November 29, 2007  not quite yesterdya, but close

[15:01] {nemo} look at GOOG today Vad?

[15:03] {Threei}  UAW CONFIRMS DISBANDING OF CHRYSLER JOB BANK ON JAN 26, AS PREVIOUSLY AGREED

[15:03] {Threei}  nope

[15:07] {Threei}  GERN on CNBC again

[15:08] {Threei}  irtching to short it

[15:12] {nemo} things just kinda' drifting

[15:12] {Threei}  yup, aimless wandering'

[15:12] {nemo} Feels like everybody pulled a magoo

[15:12] {Threei}  and those who didn't, pulled dp?

[15:13] {nemo} yeah, but I'd rather talk about Magoo when he's not here.  We had a saying.  Blame the guy who's not here, he can't speak up to defend himself.

[15:14] {dino} lol

[15:14] {fernp} very valuable info today in the room. Thank you very much Vad.

[15:14] {fernp} Have a nice weekend all. see you on monday.

[15:15] {Threei}  and we had a saying: before beating up on someone, you gotta try and walk inhis shoes. This way you get to do both, beat him up AND get his shoes

[15:15] {Threei}  great to hear fern

[15:15] {Threei}  take care and have a great weekend

[15:16] {patience} quite a remarkable day vad...made 7 separate gold scalps...think there is another 40 bucks to go in it but don't want to hold over the weekend...and 7 out of 7...won't push my luck

[15:16] {nemo} Yeah, I think the term translated is "walk on him"

[15:16] {Threei}  wow

[15:16] {Threei}  fantastic performance patience

[15:17] {patience} ty, it was a great momo day

[15:19] {nemo} Funny culture between Ukraine and Moscow somewhat similar

[15:19] {elepet} you can short it now. GERN) I'm out +.15. and of course it went up. a lot. but i want to turn off the computer.

[15:20] {Threei}  good practice selling your darlings elepet

[15:20] {Threei}  wtg, have a great weekend

[15:20] {elepet} i know. it strikes me as silly, but i guess it's the rule of this game

[15:23] {nemo} attachments create irrationality

[15:23] {Threei}  silly?

[15:23] {Threei}  taking profit?

[15:23] {Threei}  I'll need some serious explanation as to how it can be silly :)

[15:23] {nemo} some whackin' due here

[15:23] {nemo} hit him with Livermore's book

[15:27] {nemo} What in't you see on Gern that you were looking for Vad?

[15:28] {Threei}  just nothing convincing one way or another

[15:29] {nemo} I notice those last two radical drops weren't accompanied by any climactic selling.  Was that an issue

[15:29] {nemo} ?

[15:29] {Threei}  one of, yes

[15:29] {Threei}  want to see exhausting selling

[15:30] {nemo} which needs volume?

[15:30] {Threei}  or at least some change of pace

[15:30] {Threei}  instead it just drifts up aand down with not much of indication

[15:31] {Threei}  I am not junmping on whatever moves without clean setup

[15:31] {nemo} not stocks anyway

[15:31] {Threei}  ummm... it sounded better in my head

[15:31] {nemo} understood

[15:36] {dino} ok, gotta hop, kids want to go skiing. take care all, cutting cedc here

[15:36] {Threei}  take care dino, have a good one

[15:36] {larisa} bye dino :)

[15:36] {dino} :)

[15:37] {nemo} computers must be trading now

[15:38] {nemo} Peace & Quiet folks.  See you Monday, insha Alah

[15:39] {Threei}  take care nemo

[15:39] {cujo} have good weekend

[15:49] {Threei}  OK guys, let's call it a day... and a wekk

[15:49] {Threei}  very nice day and week at that

[15:49] {Threei}  thank you all

[15:49] {Threei}  have a great weekend

[15:49] {Threei}  see you all on Monday

[15:49] {larisa} you too :)

[15:49] {KSystems} you too :)

[15:49] {cujo} have a good one 

[15:49] {cujo} see you all monday

[15:49] {KSystems} a good relaxing one...