Nov 05 2009

Nice and active day with a lot of successful plays and very few stops. Most of trades were on RIMM and HIG, RIMM being played both long and short

Session Time: Thu Nov 05 00:00:00 2009

[08:04] {magoo} mcmorning

[08:12] {Threei} US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:12] {Threei} - Expectations for initial claims are 522K v prior release of 530K (range seen from 510K to 535K)

[08:12] {Threei} - Continuing claims seen at 5.750M v prior 5.797M (range seen from 5.730M to 5.860M)

[08:13] {Threei} good morning

[08:13] {Threei} they seem to be set in expectations of losing half mil jobs every week

[08:14] {Threei} so much for "we will create or save"...

[08:25] {KSystems} he has the nobel prize

[08:25] {KSystems} dont critisize him

[08:25] {KSystems} or else.

[08:26] {Threei} I will soon too

[08:26] {Threei} I applied for it, referring to my intention to write the most significant book in history within next 5 years

[08:26] {Threei} and since those prizes are being given out for the intentions these days I fully expect to get it

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 512K V 522KE; CONTINUING CLAIMS: 5.749M V 5.750ME

[08:30] {Threei} *(US) Q3 PRELIMINARY NONFARM PRODUCTIVITY: 9.5% V 6.5%E; UNIT LABOR COSTS: -5.2% V -4.2%E

[08:31] {Threei} this is so bizarre

[08:32] {nemo} you looking in the mirror 3i?

[08:32] {Threei} btw magoo... will you help me with spelling for that book?

[08:32] {Threei} look who woke up

[08:32] {nemo} look who just got in

[08:32] {nemo} I was sitting in a tree for a couple of hours

06[08:32] * Threei slaps nemo around a bit with a large mirror because both nemo and his, Threei's reflection are simply irritating

[08:33] {nemo} no...mine's disease-inducing

[08:37] {nemo} so much for the big crash, huh?

[08:38] {Threei} ?

[08:38] {nemo} yesterday had that nice drop after I left, now big bounce

[08:38] {Threei} who said we were going to open down?

[08:39] {Threei} trading day is ahead still, no?

[08:39] {nemo} the voices in my head

[08:39] {Threei} oh

[08:39] {cosmo} you too nemo?

[08:39] {strider} morning crazy people

[08:39] {nemo} pot calling kettle black?

[08:39] {Threei} {--- makes a point of not answering strider

[08:40] {strider} and good morning to Vad, also.

[08:40] {nemo} Bird man chime in yet Vad?

[08:41] {Threei} hi strider

[08:41] {nemo} [08:39] {&Threei} {--- makes a point of not answering strider

[08:41] {strider} :)

[08:42] {Threei} nemo... getting lost in my motives and their changes?

[08:43] {nemo} your whimsical vaccillations?

[08:43] {nemo} vacillations

[08:43] {Threei} oh well... I didn't think it was so hard to figure out but...

[08:47] {magoo} vad, u got a sec?

[08:47] {Threei} depends

[08:47] {magoo} my system puked and i lost everthing, so setting p new laser screen here

[08:47] {Threei} ouch

[08:47] {Threei} need my layout?

[08:47] {magoo} which level 1 u use? is it board view?

[08:48] {magoo} nah, getting there

[08:48] {Threei} I don't

[08:48] {Threei} boardview is a list of stocks with L1 quotes

[08:48] {magoo} so u only follow stox thru charts and lev 2?

[08:48] {Threei} right

[08:48] {strider} Do you maybe have it saved as remote layout, magoo?

[08:49] {magoo} i did, total system crash-a-roo

[08:49] {magoo} ok, vad..where i fuiind the hard stop window/blotter

[08:50] {Threei} OMS module for stops

[08:50] {Threei} under Modules

[08:50] {magoo} ah..ok ty

[08:50] {strider} I thought remote layout was saved on Laser server.

[08:50] {Threei} blotter is under View

[08:50] {Threei} yes... mags, when you are done remaking it, save it as remote as well as local

[08:50] {strider} ah..can't get to it.. I see. sorry .

[08:50] {Threei} strider is correct

[08:52] {magoo} oh,ok i only saved local

[08:53] {magoo} so vad, curious..how u watch alot of potential stox with no lev 1/ how many charts u got up?

[08:54] {Threei} why would I want to watch A LOT of potential stocks?

[08:54] {Threei} procedure:

[08:54] {Threei} scanner spits them,

[08:54] {Threei} I surf through them,

[08:55] {Threei} when something looks good for setup, it stays on one set of L2/charts/T&S,

[08:55] {Threei} I surf further via second set,

[08:55] {Threei} when something appeals to me, it stays on second

[08:55] {Threei} do I really want to watch more?

[08:55] {Threei} how many positions at the same time can one manage?

[08:57] {Les} "Don't interrupt your brain's work by thinking". hmmm this place will be harder than I thought.

[08:57] {Les} gm :)

[08:57] {Threei} lol

[08:57] {Threei} morning

[08:57] {Threei} how is it hard?

[08:57] {Threei} most people find it easy not to think

[08:58] {Threei} couple more beers and they are there

[08:58] {magoo} how many lev 2 u got up

[08:59] {Threei} 2

[09:00] {dptl} morning

[09:00] {Threei} dp :)

[09:00] {fernp} Good morning everybody

[09:00] {Threei} fern :)

[09:01] {magoo} how many open positions u do vad

[09:02] {Threei} depends on how fast stocks are

[09:02] {magoo} vad, charts setup here

[09:02] {Threei} I can manage two relatively fast ones at the same time, with one or two more slow ones sitting on a background,

[09:03] {Threei} if we are talking about hystreically fast, just one

[09:04] {Threei} what about chart? I have Volume and BB, price is in Candliesticks

[09:04] {Threei} bar width 2

[09:05] {magoo} candle width? 50 and 200 mioving

[09:05] {Threei} only 20 moving on intraday

[09:05] {Threei} 20 and 50 on daily

[09:06] {Threei} bar width 9 on daily

[09:06] {magoo} i minute right

[09:06] {Threei} on intraday yes

[09:11] {dino} gm all

[09:11] {Threei} dino :)

[09:11] {Les} afternoon dino

[09:12] {lasertrev} morning

[09:13] {Threei} trev :)

[09:14] {dino} :)

[09:15] {larisa} gm :)

[09:16] {Threei} larisa :)

[09:16] {bkhmd} gm all

[09:16] {Threei} bk, welcome back

[09:16] {bkhmd} ty

[09:16] {Threei} people need to srtop taking vacations

[09:17] {bkhmd} i wished it was vacation

[09:17] {bkhmd} lol

[09:17] {Threei} don't ruin it for me

[09:17] {Threei} I was going somewhere with this

[09:17] {bkhmd} continue

[09:17] {bkhmd} lol

[09:17] {Threei} make a few reproachful remarks about someone's vacations,

[09:18] {Threei} preparing ground for mine :)

[09:18] {bkhmd} not allowed

[09:18] {Les} no vacation for you vad

[09:18] {Threei} see?

[09:18] {larisa} I am taking one next week, so go ahead

[09:18] {Threei} thank you!

[09:18] {bkhmd} wasnt larisa just on vacation?

[09:18] {Threei} you are my only beam of light in the kingdom of darkness

[09:19] {nemo} it's your frickin' kingdom!

[09:19] {larisa} I wish i was bk :)

[09:19] {Threei} but it's dark

[09:19] {Threei} andf hey, don't ruin it for me

[09:19] {bkhmd} you hVE ONE COMING UP IN jANUARY WARM TROPICAL PLACE vAD

[09:19] {bkhmd} ooops fat fingers

[09:19] {Threei} I just found a good solid reason to make a compiment to larisa

[09:19] {ese} well my goodness......i'm hooked in from cloudy downtown kelowna BC

[09:19] {bkhmd} now i cant give vad rude comments on his typing

[09:19] {Threei} ese :)

[09:20] {ese} hey vad....

[09:20] {bkhmd} ese

[09:20] {Threei} that's not a vacation bk, that's hard work

[09:20] {bkhmd} yea sure it is

[09:20] {Threei} speaking for two days in a row

[09:20] {ese} I WISH Larisa......were doing that Stevie Wonder tune

[09:20] {bkhmd} its your story

[09:20] {ese} BK

[09:20] {Threei} yes, and I am sticking to it

[09:21] {bkhmd} I have wanted to tell vad to take off the gloves for the longest time then i hit the caps lock ruined my future dig

[09:22] {Threei} see? there is a reson why god doesnt give horns to aggressive cows

[09:22] {bkhmd} lol

[09:22] {cosmo} i thot he does

[09:23] {cosmo} oh wait... wrong species

[09:23] {Threei} not very good translation of russian sayiong... vbut the best I can do on the fly

[09:23] {bkhmd} btw i read the post from room last few days ... congrats and good calls vad

[09:23] {bkhmd} sorry i missed them

[09:23] {Threei} ty

[09:23] {bkhmd} keep the good calls coming today

[09:24] {Threei} no pressure eh?

[09:24] {bkhmd} hahaha

[09:24] {bkhmd} scared money here

[09:24] {bkhmd} lol

[09:24] {Threei} two things I want to try and catch morning pullbacks on:

[09:24] {Threei} HIG and RIMM

[09:26] {strider} With analysts saying that its share price had fallen too far, Research In Motion Ltd. /quotes/comstock/15*!rimm/quotes/nls/rimm (RIMM 59.22, +1.61, +2.80%) announced Thursday it would repurchase $1.2 billion of its stock.

[09:26] {Threei} yeah

[09:26] {Threei} I don't put much weight into buyback itself

[09:27] {Threei} most of them never happen

[09:27] {Threei} other than create nice soundbite

[09:27] {Les} wow hardened cynic you are vad

[09:28] {Threei} why? it's just a fact

[09:28] {Threei} 80-90% of announced buyback never come to fruition

[09:28] {dino} agree 3i, most never get completed. and usually the ones that do are completed at highs, not lows. they usually issue at lows

[09:29] {Threei} there you go

[09:29] {nemo} why is it realists are called cynics?

[09:29] {dino} plus, w/rimm, i feel the risk is the 48 gap coming into exp

[09:29] {Threei} RIMM gets initial pop out of it but mostly will simply move wit market

[09:29] {Les} so no thinking. cynicism is realism (wait, I'm just writing all these down):)

[09:30] {Threei} and no drinking hard liqor before 10 ama

[09:30] {Les} lol

[09:30] {Threei} now your mantras for the day are complete

[09:30] {bkhmd} nice gap

[09:30] {Les} oops my bad.

[09:30] {strider} here we go

[09:30] {ese} man this is bad news with rimm back at 59

[09:31] {ese} well.....i won't give up hope for 50

[09:31] {Threei} need deeper pullbacks on both

[09:31] {nemo} aig ballistic

[09:31] {Threei} initially thought of RIMM under 59 but happened too fast

[09:33] {Threei} I know it's really early but... guess who is onTV

[09:33] {nemo} Selma Hyek

[09:33] {Threei} OK, here comes HIG

[09:33] {Threei} you wish

[09:33] {cosmo} jerry springer

[09:33] {nemo} gag

[09:33] {Threei} dive into .10 should be it for HIG

[09:34] {Threei} and RIMM, doub,le bottom

[09:34] {Threei} 59 recross long'

[09:34] {Threei} .85 stop

[09:35] {Threei} .10 recross HIG long

[09:36] {Threei} stop under 24

[09:36] {Threei} HIG 1:1

[09:36] {bkhmd} ty

[09:36] {fernp} missed RIMM, still valid Vad?

[09:37] {bkhmd} same here

[09:37] {Threei} RIMM stalled a few cents under 1:1

[09:37] {Threei} yeah, same setup

[09:37] {dino} pru

[09:37] {Threei} with .85 being invalidation

[09:37] {fernp} ty for HIG

[09:37] {Threei} :)

[09:37] {Threei} HIG will be new setup very soon

[09:37] {Threei} argh

[09:37] {Threei} missed

[09:38] {dino} sm l .50 pru

[09:40] {dino} out pru .96 +.46

[09:42] {dino} .

[09:42] {fernp} RIMM and fern are imcompatible

[09:42] {Threei} RIMM, if works - changing to not a scalp for me designation

[09:42] {Threei} intend to partial

[09:43] {strider} out +.1w partial

[09:43] {strider} 12

[09:43] {Threei} 1:1

[09:43] {dino} pru retesting

[09:43] {Threei} half out .17

[09:43] {fernp} ty Vad

[09:43] {Threei} see fern? compatible

[09:44] {Threei} just give it a chance

[09:44] {Threei} maybe some marriage counselling

[09:44] {fernp} maybe...

[09:44] {fernp} I don't like the way it moves

[09:44] {Threei} 1/4 more .25

[09:45] {Threei} stop under b/e

[09:45] {Threei} offering the rest .35

[09:45] {nemo} ty

[09:45] {Threei} welcome giys

[09:45] {Threei} direct hit

[09:45] {Les} rimm

[09:46] {strider} out in full...thanks vad

[09:46] {Les} sorry wrong screen

[09:46] {strider} that was a struggle

[09:46] {Threei} {fernp} I don't like the way it moves - what is it a pole dancer?? :)

[09:46] {Les} stopped out on HIG Vad. was moving fast and messy exit

[09:46] {dino} pru sm l .00

[09:46] {Threei} magoo, tell me you got it... totally your kind of tade

[09:47] {Threei} les... on the very first entry, 10?

[09:47] {Les} yeh

[09:47] {dino} theres the +100 3i

[09:47] {Threei} it went to .28, how do you get stopped on that?

[09:47] {bkhmd} i didnt know it reached .85

[09:48] {Threei} yeah dino... my bet stays though

[09:48] {dino} pru stop is .67 fwiw

[09:48] {Les} didn't get order filled. was trying to sell when realised hadn't even bought. something new to learn... entry and exits

[09:48] {Threei} ummm

[09:48] {Threei} I am lost

[09:49] {Threei} if you haven't entered how sdo you take stop?

[09:49] {Les} makes two of us

[09:49] {nemo} you and 3i lost together...how romantic

[09:49] {Threei} ok, that desrves a slap, but I am laughing too hard

[09:49] {nemo} Hig long coming?

[09:49] {Les} late fill. distracted by kids in background. should have cut the buy order

[09:49] {Threei} yikes

[09:50] {bkhmd} who is 3i?

[09:50] {bkhmd} no kids allowed page 43 of the book

[09:50] {nemo} hig .70 break stop under shit

[09:50] {Threei} entering on original trigger on the way back is questionable even after 1:1 is reached, let alone 1:2

[09:51] {strider} good call dino, pru

[09:51] {nemo} I don't see it Vad

[09:51] {Les} sounds like laser is good for scalping, but I'll practice with IB on paper. Will see how it works out for me entering/exiting fast trades like that

[09:51] {dino} ty strider

[09:52] {Threei} Short Setup: RIMM .35 break, half lot

[09:52] {Les} double bottom on HIG?

[09:52] {nemo} Nothing about kids on pg .43

[09:52] {Threei} if stays under .50

[09:52] {Threei} no on HIG

[09:52] {nemo} too fast rimm

[09:52] {fernp} too fast

[09:53] {Threei} yeah... too bad, quick 1;1

[09:53] {strider} {--------oh ye of little faith.

[09:53] {bkhmd} wrong page?

[09:53] {bkhmd} NEMOOOOO u looked?

[09:53] {strider} didn't believe RIMM

[09:53] {nemo} classic double top 2nd inside bollingers

[09:54] {strider} still good?

[09:54] {strider} not now

[09:54] {dino} out pru .38, +.38

[09:54] {dino} back in 30

[09:54] {Threei} plus staying under itshigh while NASDAQ made new high at 9:51

[09:54] {Threei} good job dino

[09:55] {nemo} HIG holing while qs spy dropping

06[09:55] * strider slaps strider around a bit with a large a copy of Techniques of Tape Reading

[09:56] {nemo} nothing on 44 either

[09:56] {bkhmd} lol

[09:56] {bkhmd} im sure its there

[09:56] {Les} :)

[09:56] {Les} :)

[09:58] {Threei} I start thinking of HIG as short

[09:59] {Threei} .50 break is obvious trigger but we are too far from there,

[09:59] {Threei} something more aggressive would benicer

[10:00] {nemo} unless you get lower high here?

[10:00] {Threei} need clean setup

[10:00] {fernp} HIG is holding while FAS is falling

[10:00] {Threei} yeah, ruined

[10:00] {Threei} leaving the idea

[10:01] {Les} so u were suggesting big sell off today vad

[10:01] {strider} GLD looking restrained this morning.

[10:01] {Les} still thinking that?

[10:01] {Threei} and bet some beer to dino on that

[10:01] {Threei} thinking? you are flattering me

[10:01] {nemo} aig double top?

[10:01] {Les} shit. my bad

[10:02] {Les} oops I said naughty word sorry

[10:02] {Threei} GLD... this one I'd short with pleasure

[10:02] {Threei} but I asm biased

[10:02] {Threei} I always see it as short, lol

[10:03] {nemo} $ down oil down ???

[10:03] {strider} GRMN bouncing today...interesting daily chart

[10:03] {strider} down up down up

[10:03] {Threei} and gold donw

[10:03] {nemo} mind out of the gutter strider

[10:03] {Threei} remember I said recently they are likely to decouple soon?

[10:04] {nemo} more innuendo

[10:04] {Threei} what's with ENMD?

[10:04] {Threei} moves day after day, no news since August

[10:05] {Threei} and this is that same ENMD that gappen from 11 to 80 once in 1998 I think

[10:05] {strider} Yeah, I see what you were saying about nemo,Vad

[10:05] {strider} (when he wasn't here)

[10:05] {Threei} I don't remember what I said but I vote with both hands for that

[10:09] {Threei} Short Setup: HURN .90 break half lot

[10:09] {Threei} if stays below 27.05

[10:10] {Threei} eeck

[10:10] {strider} some bad spreads there

[10:10] {nemo} yeah...boom

[10:10] {fernp} jumpy

[10:10] {Les} i was gonna say. like a lead bloody balloon

[10:11] {Threei} oh well

[10:11] {Threei} next

[10:11] {Threei} this fish got away

[10:11] {Threei} look at it dropping

[10:11] {nemo} go fishy!!!

[10:12] {strider} LEAP dbl bottom or breakdown

[10:12] {Threei} RIMM short was beautiful idea... look at it

[10:13] {nemo} too painful

[10:13] {Threei} good

[10:13] {nemo} fyvm

[10:14] {Threei} good manners is the latest victim of our dimming civilization I see

[10:14] {Threei} LEAP is rather breakdown, strider

[10:14] {nemo} For Your Virtuous Magnificence

[10:14] {Les} HIG setting up for another go?

[10:14] {Les} rimm

[10:15] {Threei} HIG is losing gas I believe

[10:15] {strider} hmin?

[10:16] {strider} I know it's thin

[10:16] {Threei} thin and jumpy

[10:16] {Threei} ok, there must be a short in HIG somewhere

[10:16] {strider} LEAP Vad?

[10:16] {dino} pru lod

[10:16] {Threei} [10:14] {Threei} LEAP is rather breakdown, strider

[10:17] {strider} reasonable stop?

[10:17] {Threei} I don't even see a reasonable entry, lol

[10:17] {strider} That's very reasonable

[10:18] {strider} hgsi?

[10:18] {Les} U find bambi Nemo?

[10:19] {Threei} FNM Announces 'deed for lease' program to assist homeowners - CNBC

[10:19] {Threei} - allows homeowners facing foreclosure to remain in their homes (

[10:19] {Threei} ok, who is ready to try, HIG

[10:19] {Threei} .60 break

[10:19] {Threei} if stays under .70

[10:19] {nemo} Not close enough...to does about 60 yards through brush

[10:19] {Threei} HGSI is rather a momo stock

[10:19] {Threei} not really technical read

[10:19] {Les} A doe?

[10:20] {Les} A deer?

[10:20] {Les} A female deer?

[10:20] {nemo} here it comes

[10:20] {Threei} invalidated HIG

[10:20] {Threei} les leave it for later please

[10:20] {larisa} at least first hour can we guys stay focused?

[10:20] {Threei} market is still active

[10:20] {nemo} range forming on qs and spy

[10:21] {Les} ok

[10:21] {nemo} rimm at bottom of open

[10:21] {strider} rimm lod

[10:21] {nemo} big gap under

[10:22] {Threei} RIMM is double bottom/bounce here

[10:22] {Threei} more selling later on but should be good for a scalp

[10:22] {nemo} hig staying under BB MA

[10:23] {Threei} Long Setup: .75 rimm

[10:23] {Threei} if stays above .60

[10:23] {Threei} Long Setup: RIMM .75

[10:23] {Threei} there... looks better

[10:26] {Threei} invalidated

[10:26] {fernp} FITB interesting for short here

[10:29] {strider} c&h stld

[10:29] {strider} big range

[10:29] {Threei} RIMM starts looking like short at will and let it drop

[10:30] {Les} QCOM ready to drop into gap?

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 260M shares, about 7% below its three-month average; advancers lead decliners by 6.2:1.

[10:31] {Threei} - NASDAQ volume 535M shares, about 5% below its three-month average; advancers lead decliners by 3.3:1.

[10:31] {Threei} - VIX index -4.5% to just under 26.50

[10:31] {Threei} QCOM looks like short on 43 break to me

[10:31] {Threei} I'd just prefer to do it with market dropping

[10:31] {Threei} but looks good

[10:32] {fernp} lots of candles w/shadows in BAC. bizarre

[10:32] {nemo} battleground

[10:33] {Threei} plenty of out of bounds prints on it for some reason

[10:33] {fernp} look at the current candle goes from .85 to .95 continuously

[10:34] {Threei} look at T&S

[10:34] {Threei} you'll see why

[10:34] {fernp} y

[10:35] {Threei} RIMM... down and down

[10:35] {Threei} so much for that buyback?

[10:37] {Les} and someone came to rescue QCOM

[10:37] {bkhmd} where did that surge come from

[10:37] {Les} spy

[10:38] {nemo} aig making 2nd attempt at r1 .52

[10:40] {strider} nemo, what charts are you using for pivots?

[10:41] {nemo} freestockcharts.com...uses Microsoft Silverlight, which can be an issue

[10:41] {strider} OK. I've been using that some also. No problems with silverlight. I use Firefox if that makes a difference.

[10:42] {nemo} can stick a bit with firefox...I run it in Chrome

[10:42] {strider} haven't had any problems so far

[10:42] {nemo} kewl

[10:43] {Threei} Long Setup: AIG .20 break half lot if stays above .10

[10:44] {nemo} ba quotes again

[10:45] {fernp} something is happening with financials today, i am trading WFC and FITB and both make out of bounds prints very often... better i leave them alone

[10:45] {fernp} AIG too

[10:45] {Threei} yes

[10:46] {Threei} seems to be widespread quote problem

[10:46] {Threei} trev... any insight?

[10:46] {nemo} it's them again

[10:46] {nemo} excuse me...it's they again

[10:46] {fernp} i am out .25

[10:46] {Threei} 1:1 AIG

[10:46] {lasertrev} checking into it now

[10:47] {strider} I got out flat...can't trade with those stupid quotes

[10:47] {fernp} yeah

[10:48] {Threei} watching RIMM for short setup

[10:49] {Threei} Short Setup: RIMM .70 break half lot

[10:49] {Threei} if stays under .85

[10:49] {dino} mxwl .50 sm l

[10:51] {lasertrev} quoteserver 8 works well

[10:51] {Threei} held by fingertips RIMM

[10:53] {strider} stop dino?

[10:53] {dino} lod

[10:54] {strider} thx

[10:54] {dino} eyes on pru again

[10:55] {dino} stride, mxwl may take awhile, put hard stop on it and move on to other imo

[10:56] {strider} thx

[10:59] {Threei} come on market, let's start selloff

[10:59] {Threei} I have that beer on the line

[11:00] {bkhmd} after lunch

[11:00] {Threei} in case it's important for someone:

[11:00] {Threei} *(HU) HUNGARY OCT BUDGET BALANCE YTD (HUF): -1.04BV -1.1B PRIOR

[11:01] {Threei} die RIMM

[11:02] {strider} out RIMM +.10

[11:02] {strider} not the best exit

[11:02] {Threei} 1:1

[11:03] {Threei} taking scalp

[11:04] {Threei} dino... I believe I still have a shot at that beer, but just n case... what kind you prefer?

[11:05] {bkhmd} dont give up vad its coming after lunch just not sure which day

[11:05] {bkhmd} lol

[11:05] {bkhmd} lol

[11:05] {Threei} 15:59] {dino} vad, a beer bet, up 100+ tomorrow's close

[11:05] {Threei} [16:00] {Threei} my bet for tomorrow is red close

[11:05] {Threei} [16:00] {Threei} beer it is

[11:05] {Threei} [16:00] {Threei} I'll take my favorite

[11:05] {Threei} [16:00] {Threei} Innis&Gunn

[11:05] {bkhmd} did you specify day?

[11:06] {dino} becks

[11:06] {strider} Got to read up on hard stops in Laser. Anyone use them?

[11:06] {Threei} only if I have to leave opwen position

[11:06] {bkhmd} ohhhhalways

[11:07] {Threei} it's quite intuitive to set up

[11:07] {Threei} OMS module

[11:07] {dino} but the day is young 3i, we lost this much yesterday

[11:07] {strider} stopped mxwl

[11:07] {Threei} and panel is pretty much like your typical VCR

[11:07] {dino} yes strider, sorry

[11:08] {strider} yeah....see it....select 'stop' and enter price, then click buy or sell?

[11:08] {strider} Hey, dino...nobody's twistin my arm here. I'm riding your coattails:)

[11:08] {Threei} no

[11:09] {Threei} after you set the order and clicked OK,

[11:09] {Threei} use green arrrow to activate order

[11:09] {Threei} red square to stop it

[11:09] {strider} I'm in the wrong place..don't seee what you're talking about. Where is OMS module?

[11:10] {Threei} ok

[11:10] {Threei} look at the menu

[11:10] {dino} understood

[11:10] {Threei} Modules

[11:10] {Threei} OMS module

[11:10] {strider} whoa..

[11:10] {strider} there tis

[11:10] {Threei} in the new window that pops up,

[11:10] {Threei} third button from the left is Add a new order

[11:11] {Threei} set all parameters,

[11:11] {Threei} click OK

[11:11] {strider} gotcha.

[11:11] {strider} what if price jumps stop price?

[11:11] {Threei} now use arrow and square to activate or desactivate order,

[11:11] {Threei} Modify button to change it

[11:11] {dino} fsys

[11:11] {Threei} etc

[11:11] {strider} do you set it as market exit?

[11:12] {Threei} I do the same as I do manuals,

[11:12] {Threei} a few cents leeway

[11:12] {strider} k

[11:12] {Threei} if it's very thick stock, I use market

[11:13] {dino} same here

[11:13] {fernp} when I use stops, I enter them directly from Level2, route-}stop, type-}stop, the stop price... and seem to work fine

[11:13] {dino} when you want to get out, get out

[11:13] {dino} tkes all emotion away

[11:13] {dino} takes

[11:14] {dino} and we know what emotion is....

[11:14] {Threei} I am not sure how that thing works fern

[11:14] {Threei} I mean I don't know mechanics

[11:14] {fernp} i think the difference is these stops are client side and OMS ofers server side stops

[11:14] {strider} fern...do you have to click sell or buy after entering stop price?

[11:14] {fernp} offers

[11:14] {Threei} I'd prefer trev to explain that

[11:15] {fernp} yes strider

[11:15] {Threei} last time I looked into that one it was mostly non-functional

[11:15] {Threei} and software guys told me it was in works

[11:15] {Threei} it was a few versions back andf I never asked again

[11:15] {strider} but it's working for you, fern?

[11:15] {fernp} this monday worked well

[11:16] {Threei} as a market order?

[11:16] {Threei} and how it routed?

[11:16] {fernp} Stop or StopL

[11:16] {fernp} StopL -} limit

[11:16] {fernp} stop -} market

[11:17] {strider} so stop and stopL works for either side of trade? Profit exit or loss exit?

[11:17] {fernp} yes

[11:17] {Threei} huh... I don't have stopL

[11:17] {strider} Can't do both though?

[11:17] {Threei} only stop

[11:17] {fernp} no profits is a limit order

[11:18] {strider} I've got Stop , StopL, and StopT===I guess trailing

[11:18] {strider} I'll go back and watch the videos.

[11:19] {Threei} funny... I don't even understand where you see those :)

[11:19] {strider} have to use advancedd style mouse menu.....

[11:19] {strider} lvl ii

[11:20] {dino} pru getting interesting again

[11:22] {strider} as long }

[11:22] {strider} ?

[11:23] {dino} y

[11:23] {dino} imo

[11:24] {dino} break of ,75 or on a whoosh down to .25ish

[11:24] {dino} break it is sm .75 l

[11:25] {dino} stop is .43

[11:26] {dino} tighten that to .49

[11:29] {strider} just watching PRU

[11:30] {dino} not working

[11:32] {strider} trying to stay afloat

[11:32] {dino} stopped

[11:33] {dino} that darn 11:00 curse

[11:34] {strider} FAST consolidating

[11:34] {strider} narrow range

[11:37] {dino} look whoosh to .15, gut was right

[11:37] {dino} brain was wrong

[11:38] {bkhmd} did u see 3 minute chart Dino?

[11:38] {dino} y

[11:39] {bkhmd} 3 min looks much different set up

[11:43] {dino} what do you see

[11:43] {dino} breakdown, whoosh, bounce i see

[11:43] {dino} wfmi app. lod

[11:43] {dino} lamr strong

[11:46] {dino} breaking down now pru

[11:47] {bkhmd} i wanted to short it when it fell below .62 but was scared lol

[11:49] {Threei} let the selling begin

[11:49] {Threei} I really want that beer

[11:50] {strider} HIG headless horseman

[11:50] {dino} you were right

[11:50] {dino} 42.52ish gap aug.

[11:50] {dino} strange tho, significant guidance raise

[11:51] {Threei} kay guys, my view is clouded by beer bet,

[11:51] {Threei} but

[11:51] {strider} wfmi interesting

[11:51] {Threei} if you feel selling is in cards

[11:51] {Threei} QID is our vehicle

[11:51] {Threei} either .80 long if stays above .70

[11:52] {Threei} or shorting market into bounce by attempt to catch QID long closer to .60

[11:52] {Threei} word of warning: can cost a stop or two while downtrend establishes

[11:53] {Threei} SRS is another option

[11:53] {Threei} .30 break

[11:54] {Threei} with stop under .20 for scalpers, under .15 for day traders

[11:55] {strider} quotes stuck again

[11:55] {bkhmd} its not ur system

[11:56] {Threei} quotes look OK here

[11:56] {strider} Had QID lvlii stuck

[11:56] {Threei} there are some odd prints but I don't think it's Laser

[11:56] {bkhmd} i froze also Stride but ok now

[11:56] {strider} wasn't in sync with t&s

[11:57] {Threei} see these wird ones at .67 on QID?

[11:57] {Threei} they are out of bounds

[11:57] {Threei} not real

[11:57] {strider} I think I remember that Qcharts had some routing options.

[11:58] {strider} when these problems arose

[11:58] {Threei} but whatever the reason is, let's not miss this golden opportunity:

06[11:58] * Threei slaps lasertrev around a bit with a large out of bounds prints

[11:59] {strider} long QID .81 small

[11:59] {fernp} is Laser Vad, in my other plataform there are no problem and charts have not those shadows

[11:59] {bkhmd} why lasertrev fault?

[11:59] {Threei} ty fern

[12:00] {Threei} all the more reasons to slap trev

[12:00] {Threei} Market Internals update at 12:00pmET

[12:00] {Threei} - NYSE volume 470M shares, about 3% below its three-month average; advancers lead decliners by 4.7:1.

[12:00] {Threei} - NASDAQ volume 980M shares, about 3% below its three-month average; advancers lead decliners by 3.2:1.

[12:00] {Threei} - VIX index -5.3% to just under 26.50

[12:00] {fernp} .81 long?

[12:03] {strider} me, ferN/? yeah. Wasn't that the call?

[12:03] {strider} or one of them?

[12:03] {fernp} i think so

[12:03] {strider} I',m sm shares...may average in if looks like a bounce at .60

[12:04] {magoo} what internet access u guys using? cable , adsl?

[12:05] {strider} I've got cable, with DSL backup

[12:05] {nemo} cable

[12:05] {Threei} cable

[12:05] {magoo} what speedtest resulyts u have ?

[12:05] {strider} may drop the dsl in a few months.

[12:05] {magoo} u too vad, speedtest it please

[12:05] {Threei} what do you use to measure speed?

[12:05] {magoo} speedtest.net

[12:06] {Threei} let's compare on the same soirce

[12:06] {nemo} pcpitstop

[12:06] {Threei} ok, lemme try

[12:06] {magoo} mega bites per sec mb/s

[12:06] {fernp} i have both with a network balancer (try to do that w/windows) lol

[12:06] {nemo} 15

[12:07] {dino} missed pru, phone call

[12:08] {Threei} 19.14

[12:08] {larisa} I have cable, test shows download 28 mb/s, upload 5.5 mb/s. Almost never have problem with quotes.

[12:09] {larisa} unless laser has them of course :)

[12:09] {magoo} mine so bad, thats what ive been up too this morn, just made appointment to nswitch too cable next week

[12:09] {dino} thx, going cable next week

[12:09] {magoo} vad, upload or download speed?

[12:10] {Threei} download

[12:10] {larisa} you need to worry about download mostly

[12:10] {Threei} yeah, upload is mostly irrelevant

[12:11] {larisa} at the beginning of trading era I was trading through dish that would only download. Upload was diap up :)

[12:11] {Threei} what are you getting magoo?

[12:12] {nemo} aig volatility

[12:13] {Threei} PRU Hearing defended at UBS (timing uncerrtain) (44.01, -2.55, -5.48%)

[12:13] {magoo} what was your upload vad because im switching and curious?

[12:13] {Threei} takes a while to develop from the frozen state, but unless shakes us out first, should be a good downtrend

[12:13] {Threei} 3 mags

[12:13] {dino} whippy

[12:14] {strider} Vad, what's your nominal download, e.g., what isp says you're buying?

[12:14] {Threei} if things go as I feel they should, it won't be a scalp

[12:14] {Threei} I see QID going to 23.20, and possibly higher,

[12:14] {nemo} QID vad

[12:15] {Threei} but then again, it may be beer bet talking

[12:15] {dino} slurring

[12:15] {Threei} I don't remember strider... been quite a while since I signed up with them

[12:15] {Threei} nemo?

[12:16] {nemo} answered

[12:16] {strider} Nice bull flag on QID (he says, hopefully)

[12:16] {magoo} vad, our test shows .64 download mb/s UNREAL..theres the issue

[12:16] {strider} triangle, rather

[12:17] {Threei} .64???

[12:17] {Threei} sheesh

[12:17] {magoo} yeah

[12:17] {Threei} there you go

[12:17] {Threei} that's the root of your quote problems

[12:17] {magoo} yup...unfortunately after smashing 2 computers and buying the fastest mothers out there

[12:17] {strider} It's going to vary a lot, depending on where the server is you're pinging.

[12:18] {Threei} it's less than larisa was getting with half-shot satellite rusted from outside and inside

[12:18] {magoo} wed next week enter information age

[12:19] {Threei} you can use postal pigeons with the same success

[12:19] {dino} then i can make mistakes much faster

[12:19] {Threei} hehe

[12:19] {strider} and get shat upon for your efforts.

[12:19] {nemo} janitor!

[12:20] {nemo} you guys are so close to NY too

[12:21] {nemo} everybody I know who has had dsl hates it

[12:22] {dino} we do now too

[12:22] {dino} and get this, cable will be less$

[12:22] {fernp} mags, could be someone downloading movies, software, etc... if someone is using p2p programs can saturate bandwidth

[12:23] {Threei} you mean, magoo downloading porn will negatively affect dino's trading?

[12:23] {bkhmd} hahahahah

[12:23] {bkhmd} hahahahah

[12:23] {fernp} EXACTLY

[12:23] {fernp} you read my mind, but i am a bit polite

[12:23] {nemo} not on dsl...cable

[12:24] {bkhmd} downloading is not the problem viewing is what creates the problems bad for eyes

[12:24] {Threei} count on me for being impolite

[12:24] {dino} roflol

[12:24] {Threei} btw, during initial DSL/cable war this argument of shared pipe was main one cited by DSL

[12:24] {Threei} never really happened

[12:24] {nemo} back to the thumb joke?

[12:25] {Threei} AFAIK, cable winds handily

[12:25] {strider} lots of outside the market trades on QID also.

[12:25] {nemo} Vad on this last aig rise you've got descending volumes at peaks and at resistance

[12:26] {Threei} I don't see any significance to it

[12:26] {Threei} it's a listless time

[12:27] {Threei} things move in narrow range up and down with no rhyme or reason

[12:27] {nemo} yeah, but dropped big at 11:40

[12:27] {Threei} until we see decisive break, nothing is really readable

[12:29] {Threei} for a change, Jon Voight on TV

[12:29] {Raven} I have AT&T DSL bundle with TV and VOIP ... download speed 6M ... workslike a charm

[12:29] {nemo} slow download

[12:29] {Raven} 6M is slow?

[12:30] {nemo} very

[12:30] {Threei} 19 here R

[12:30] {Threei} 28 for larisa

[12:30] {nemo} I average 15

[12:30] {bkhmd} 13 here

[12:30] {Raven} I can get 20M if I pay more ... does not seem necessary

[12:30] {nemo} the US has the slowest average internet speeds in the developed countries

[12:30] {Threei} well, you don't have brother downloading porn next to you

[12:31] {Raven} there is that

[12:31] {bkhmd} hahahah

[12:31] {bkhmd} hahah

[12:31] {bkhmd} takes all the bandwidth

[12:31] {Raven} I ditched cable long ago ... the speed varied all over the map

[12:31] {bkhmd} i would think it would depend on area

[12:31] {Raven} DSL is rock steady

[12:32] {nemo} cable architecture siphons bandwith as users are added

[12:32] {Raven} and yes ... the area makes a difference for sure

[12:33] {Raven} right nemo ... and my neighbors must have been downloading a lot of porn

[12:33] {bkhmd} If your close to the DMARC then DSL is great

[12:33] {nemo} farther away from the cities slower cable is also

[12:33] {Raven} like most shit ... everything is local;

[12:34] {bkhmd} HIG trying to break?

[12:34] {nemo} quoting Tip Rraven?

[12:34] {Raven} I guess

[12:36] {strider} Don't interrupt your brain's thinking by working.

[12:41] {nemo} C&H on Hig?

[12:41] {strider} Anyone besides Vad know what their nominal download speed is from ISP? I need to upgrade mine, and don't want to under-or -overbuy.

[12:41] {nemo} or, no lunch-time break outs

[12:41] {Threei} it's so little

[12:41] {Threei} I don't think I'd trust it

[12:41] {nemo} 15

[12:42] {strider} k

[12:42] {Raven} 6

[12:42] {dino} going to 15

[12:42] {strider} Nemo, you''ve still been having 'issues', though, haven't you.....with freezing.

[12:42] {bkhmd} 13

[12:42] {bkhmd} 13 but i pay lil extra i wanted more speed for the porn

[12:42] {bkhmd} lol

[12:42] {bkhmd} lol

[12:42] {bkhmd} hate waiting

[12:42] {bkhmd} lol

[12:43] {nemo} only in Laser, everything ele works fine

[12:43] {strider} I've only got 5 at the moment....but I used to run MBTrading and 7 screens of QCharts on 3 mg and never had freezin problems.

[12:44] {strider} Not hving problems now with MBT either.

[12:44] {nemo} o.k. I bring up board view in LASER but the header so I can move the window is above the upper border of LASER..what do I do?

[12:44] {strider} I'm thinking it has to do with one of the nodes of the route Laser takes to get to us.

[12:45] {strider} Nemo..have to temporarily change resolution of your monitor to get it.

[12:45] {strider} Increase resolution.

[12:45] {strider} Or you might be able to go into monitor settings and move screen around .

[12:46] {nemo} no, it's not above my monitor, it's above the LASER desktop

[12:47] {strider} in that case, you're screwed.

[12:48] {strider} Vad are you in QID?

[12:48] {strider} If so, what's your stop}

[12:49] {Threei} half strider

[12:49] {Threei} with intend to add second half around .60 if it strengthens from there or get stolpped if loses it

[12:49] {strider} Nemo...can you change Laser to full screen? Square box at top right? that might do it.

[12:49] {strider} thx vad

[12:50] {magoo} in anything else

[12:50] {Threei} kind of trying to combine two strategies in one

[12:51] {_vgdanger} hello..im new to this room. had a question on the hig play off he open was it a capitulation play or low bb play? also was hurn play euphoria?

[12:51] {Threei} hi

[12:51] {magoo} hi

[12:51] {Threei} HURN I remember,

[12:52] {Threei} that was JBE failure kind of setup,

[12:52] {Threei} loss of support of consolidation range

[12:52] {Threei} HIG first play I need to referesh

[12:52] {_vgdanger} i see

[12:52] {Threei} let me look

[12:53] {Threei} ahha... 59 trigger

[12:53] {Threei} no

[12:53] {nemo} hig was capitulation

[12:54] {Threei} 24.10

[12:54] {Threei} yes, capitulatory selloff

[12:56] {nemo} sort aig .99

[12:59] {_vgdanger} now du have have hard 15 cent 10 outs for most of your plays..im having a hard time figuring out the logic behind your break and stops..are they base on your own risk management?

[12:59] {_vgdanger} kind of different from your book and scalping course

[13:00] {Threei} there is nothing different, it's the same system and those same setups

[13:00] {Threei} show me a particular play so I could explain the logic of stop placement

[13:04] {fernp} nemo to drag that board view, you can go to window --} cascade. But all your others windows are going to mess

[13:04] {nemo} ty

[13:04] {_vgdanger} ure....how bout the hig? i understand the play but the low from what i remember was below 24...like around 23.84 based on the candle unless im getting the time of call and relevant 1 min candle messed up

[13:04] {nemo} i'm in the middle of aig right now

[13:05] {fernp} good luck then :-)

[13:05] {Threei} 09:35] {Alert} Threei .10 recross HIG long

[13:05] {Threei} [09:36] {Alert} Threei stop under 24

[13:05] {nemo} mesed up the stop

[13:05] {Threei} this one?

[13:06] {_vgdanger} thats the one

[13:06] {Threei} HIG lost 24 only on 9:38

[13:06] {Threei} at that moment 24 was unbroken low

[13:07] {Threei} and it went up to .28 after breaking .10

[13:07] {Threei} which constitutes solidly over 1:1 for a scalp

[13:07] {_vgdanger} gotcha

[13:08] {Threei} :)

[13:10] {_vgdanger} ive noticed you play hig quite a bit based on the trading logs....any particular reason.? just a good read on it i suppose?

[13:10] {Threei} I tend to stick with what works until it stops working

[13:10] {Threei} and HIG behaves amaZingly well lately

[13:10] {_vgdanger} that does make sense

[13:11] {Threei} one day it will stop and I'll drop it like 17 years old drops his girlfried if she stops dying her hair

[13:11] {_vgdanger} lol

[13:11] {nemo} never heard that one before

[13:11] {Threei} because I just came up with it

[13:12] {nemo} let it be the last time

[13:12] {Threei} and believe me I had 3 less politically correct versions

[13:12] {nemo} dcc please

[13:12] {Threei} it reallt changes

[13:12] {Threei} really

[13:12] {Threei} I remember periods whehn different stocks worked for aheile

[13:12] {Threei} then stopped

[13:13] {nemo} wow, what butchering

[13:13] {Threei} UAUA was our hero for a while,

[13:13] {Threei} DRYS

[13:13] {Threei} PALM

[13:14] {_vgdanger} so now ts hig and rimm,,,i remember cat was a frequent play on your logs

[13:15] {Threei} right

[13:15] {_vgdanger} so now its^

[13:15] {Threei} then CAT became so jumpy

[13:15] {Threei} I am hesitant to play it these days

[13:15] {fernp} also some solars vad

[13:16] {Threei} yeah... ESLR, when it was a decent stock and not today's cheap piece of crap

[13:17] {Threei} and AIG, oh my dear AIG

[13:17] {Threei} how beuatiful you used to be

[13:17] {Threei} but along with those usual suspects now and then scanner spits out something new

[13:17] {Threei} like NTRI a day ago

[13:17] {nemo} waxing poetically here 3i

[13:17] {Threei} that's me... all poetic

[13:19] {_vgdanger} also what is your criteria on buying on pullbacks on a one minute? what makes you decide to play an aggressive entry in general.

[13:20] {Threei} a bit too general question... there are variations

[13:20] {Threei} oullback into clearly defined support for instance

[13:20] {Threei} pullback

[13:20] {Threei} it's easy to show on the chart

[13:20] {_vgdanger} i see

[13:20] {Threei} aggressive entries are not always pullback entries by default

[13:21] {Threei} sometimes it's simply entry "in advance", before actual breakout

[13:21] {bkhmd} RIMM recovered

[13:21] {Threei} btw, guess who is on TV - and this time it's not Jon Voigt

[13:22] {bkhmd} Melissa Lee?

[13:22] {nemo} aig momo again?

[13:22] {Threei} it is

[13:22] {Threei} mags

[13:22] {Threei} see AIG?

[13:23] {_vgdanger} do u use all the scanner windows that come with scanner. any ones that are used more frequently than others?

[13:23] {_vgdanger} there are quite a bit

[13:23] {Threei} lookk at AIG 1 min

[13:23] {Threei} see support at .50?

[13:23] {Threei} pullback to it would be a clean example of pullback entry

[13:24] {Threei} and if it behaves like it does when momo comes, it goes to 39.50 soon

[13:24] {Threei} at least

[13:24] {nemo} Qs and spy's flattening...faz DB?

[13:24] {Threei} scanner windows - not all at once of course

[13:25] {Threei} they are good for different markets

[13:25] {Threei} breakouts, breakdowns

[13:25] {_vgdanger} i see what u mean with the aig

[13:25] {Threei} 39 be taken

[13:27] {Threei} like hot knife through margarine

[13:29] {Threei} pullback after break

[13:29] {Threei} rather normal for this animal

[13:29] {Threei} support is right here

[13:29] {Threei} around .70

[13:30] {Threei} see the middle line of BBs?

[13:30] {Threei} touched it and bounced

[13:30] {_vgdanger} yes i see it

[13:30] {Threei} this is not a very strong support but it dropped very fast into it

[13:30] {Threei} I wouldn't consider it an entry if it slid slowly

[13:30] {Threei} but fast vertical drop, yes

[13:31] {Threei} kind of hard to comment this kind of fundamental things on so fast stock, but just trying to describe what I am l,ooking for

[13:31] {Threei} immediate resolution helps to see how concepts work

[13:31] {nemo} market and $ decoupled to . $ barely down

[13:32] {Threei} .50 - .55 next support

[13:32] {_vgdanger} would you ever consider pay once the 39 lifted originally?

[13:33] {_vgdanger} hoping for a run to 50c?

[13:33] {Threei} buying 39 break?

[13:33] {Threei} no, not on AIG

[13:33] {Threei} AIG is much better play on pullbacks during momo

[13:33] {Threei} on breakouts it tends to shake out hard

[13:33] {nemo} this not as strong momo as Tuesday though

[13:33] {Threei} what magoo calls heavy breather

[13:34] {nemo} that's after he's downloaded

[13:34] {Threei} and I don't want to even think where he got the reference

[13:34] {fernp} lol

[13:34] {magoo} :)

[13:34] {Threei} now look how it paused

[13:35] {Threei} this I don't like as a forecaster of bounce after pullback

[13:35] {Threei} I want it to dive into support rapidly

[13:35] {Threei} this is more like slide in AIG terms

[13:35] {Threei} I wouldn't try to entr near .50 now, rather wait for fast break

[13:36] {Threei} and see if you can get .35 - .40

[13:37] {larisa} 39 38.50 short AIG scary as hell

[13:37] {Threei} wtg larisa

[13:37] {Threei} you are fearless gal

[13:37] {larisa} stopped out 38.95 -39, shorted again :)

[13:37] {Threei} shorting into such momo takes dino's guts

[13:38] {dino} gj lari

[13:38] {larisa} I am always early

[13:38] {Threei} bounce eventually worked but this is not my cup of tea

[13:39] {bkhmd} {---slaps larisa with Jewels Flowers and whatever else she wants

[13:39] {bkhmd} good call

[13:40] {Threei} whatever else she wants? someone's smitten...

[13:41] {larisa} 13.31 bounce top was much safer short

[13:43] {larisa} I dunno if it shows on time bars though, i use ticks for scalps like that

[13:43] {strider} yo8 buying here vad?

[13:43] {dino} sm l ddm .00

[13:44] {Threei} buying what?

[13:44] {strider} QID

[13:44] {Threei} not into selling

[13:44] {Threei} if it strengthens and starts upticking yes

[13:45] {Threei} lost support instead

[13:45] {strider} I'm out

[13:45] {Threei} yeah

[13:47] {nemo} think you're going to owe beer today Vad

[13:47] {larisa} what was the bet?

[13:47] {Threei} that'll be very unfortunate

[13:47] {Threei} dino bet on +100 close, I bet on red

[13:48] {larisa} I wanted red today too

[13:49] {strider} HIG c&h?

[13:49] {dino} remind me not to send you xmas card larisa

[13:49] {dino} :)

[13:50] {Threei} yes on HIG

[13:50] {larisa} lol

[13:50] {larisa} I did not know about your bet :)

[13:51] {dino} in that case, all is forgiven

[13:51] {larisa} ty

[13:51] {dino} you are going to laugh, but "gut" is saying up 250 or so today

[13:52] {Les} various tech analysts were looking for retest of long term trend line today. guess its playing out

[13:53] {larisa} 10k enemy line :)

[13:53] {Les} that's aggressive talk :)

[13:55] {Threei} 'em are fighting words

[13:56] {dino} pru sm l .30

[13:57] {Threei} what the heck is going on with USD?

[13:57] {_vgdanger} whats ur out on pru?

[13:57] {Threei} you see this on UUP?

[13:58] {bkhmd} wghat was that Vad

[13:58] {nemo} holy shit

[13:58] {Threei} that was my question bk

[13:58] {dino} .98

[13:58] {Threei} unfair to throw it back at me

[13:59] {nemo} you want fair.duh

[13:59] {Threei} must be some data error

[13:59] {Threei} I've never seen anything like this

[13:59] {Les} strange. no change in dollar index

[14:00] {magoo} look RIMM here boss

[14:01] {Threei} hmmm

[14:01] {Threei} something with data today, all over the map... I don't feel comfortable

[14:01] {magoo} oh shit..vad, i need that trade "click" sound when i fill...no longer there

[14:02] {Threei} dcc me your e-mail, I'll send it to you

[14:02] {fernp} look at FAA (airlines etf)

[14:02] {fernp} 4 prints all day

[14:02] {magoo} sent

[14:03] {Threei} sent back

[14:03] {nemo} I just sent it also

[14:04] {magoo} oh oh..another setup issue

[14:04] {magoo} in trade settings vad, Route out "check all of them correct"?

[14:05] {Threei} yes

[14:05] {magoo} Reserve {in center} uncheck all correct?

[14:06] {magoo} reserve vad?

[14:06] {Threei} your choice

[14:06] {Threei} I have them checked

[14:06] {Threei} might be my general sneakiness

[14:06] {magoo} and Default..what u doing there?follow lev 2 "check?

[14:07] {Threei} unchecked on mine

[14:07] {magoo} nasdaq ?listed?

[14:07] {bkhmd} RIMM DB?

[14:07] {Threei} no

[14:07] {bkhmd} ty

[14:07] {Threei} okay... we start looking like selloff coming again...

[14:07] {Threei} a bit torn here

[14:08] {Threei} don't want to try same thing again and again

[14:08] {magoo} in default, u write anything in box after nas and listed?

[14:08] {Threei} and don't want to miss it when it comes

[14:08] {Threei} I am not sure mags, it seems lkike a lot changed... ask trev is it still matters

[14:09] {larisa} chart spikes all over the place, it is not only Laser problem

[14:09] {magoo} ok

[14:10] {nemo} it's they again

[14:10] {larisa} always :)

[14:10] {Threei} I suspected as much, it didn't look like platform problem

[14:11] {Threei} it's feed that creates such strange discrepancies

[14:11] {fernp} Have to go. good evening everybody. see u all tomorrow.

[14:11] {larisa} tired of clearing up the spikes today :)

[14:11] {larisa} bye fern

[14:11] {Threei} in such cases, sometimes all platforms are affected, and sometimes some of them

[14:11] {nemo} noches fern

[14:11] {Threei} take care fern

[14:11] {lasertrev} later fern

[14:12] {bkhmd} tc fern

[14:12] {dino} cya fern

[14:12] {magoo} vad dcc quick

[14:14] {nemo} calm before the storm

[14:15] {fernp} btw strider, vad, i was stopped out QID using a hard stop placed with level2... and worked

[14:15] {fernp} i am late, bye

[14:15] {Threei} ty fern

[14:26] {Threei} Short Setup: RIMM .50 break

[14:26] {Threei} if stays under .60 - .65

[14:27] {nemo} look at uup now

[14:27] {dino} whoa

[14:28] {Threei} I am beyond lost

[14:28] {Threei} dollar just doesn't move like this

[14:28] {nemo} yeah...relationships are breaking down

[14:28] {dino} run out of new shares uup

[14:28] {magoo} AIG

[14:28] {Threei} neither USO or HLD reflect anything even remotelyresembling what's going qith UUP

[14:28] {dino} could make uup run up higher than underlying value

[14:29] {dino} needs sec clearance foe more shares

[14:29] {nemo} scary, but could signal confidence in the economy

[14:29] {Threei} AIG momo may come

[14:30] {Threei} RIMM 1:1

[14:30] {bkhmd} out ty vad

[14:30] {Threei} welcome

[14:30] {dino} nemo, no uup out of shares, same thing happened w/other indexes, gas, etc. drives them up

[14:31] {jmb} thanks vad

[14:31] {Threei} :)

[14:31] {Threei} despite losing beer bet dramatically, our hit rate looks very nice today

[14:31] {Threei} I haven't counted though... just from memory

[14:33] {magoo} perfect time for AIG squeeze

[14:33] {magoo} '

[14:33] {Threei} how would you know, 5 minutes ago you didn't even have sound alert on executed order

[14:34] {bkhmd} lol

[14:34] {magoo} but i do now :)

[14:34] {larisa} lol

[14:34] {bkhmd} rofl

[14:34] {Threei} hehe

[14:34] {magoo} in .38

[14:34] {Threei} this si so illogical, I just couldn't resist

[14:34] {magoo} if IF takes 40 its ON

[14:34] {Threei} it will

[14:34] {magoo} i mean today

[14:35] {Threei} may breathe ard again, but it should tag 40 today

[14:35] {magoo} 3rd try ..near it yester morn

[14:35] {magoo} and tues

[14:42] {magoo} long CVS ,50

[14:43] {magoo} AIg

[14:47] {strider} +.40 AIG

[14:47] {strider} thanks for the head's up magoo

[14:47] {Threei} wtg

[14:47] {bkhmd} awsome

[14:47] {magoo} welcome

[14:47] {magoo} methodical grinde up here

[14:47] {magoo} bodes well for more

[14:47] {dino} wtg strider

[14:47] {Threei} no guts - nice lookinf waist

[14:48] {strider} as you can imagine, was very small

[14:48] {magoo} 3k?

[14:48] {strider} not tiny!

[14:48] {magoo} 1:2 CVS

[14:49] {dino} giddy-up

[14:49] {Threei} whew

[14:49] {Threei} out .85 AIG

[14:49] {Threei} no way I touch it today again

[14:49] {magoo} SEE stripper

[14:49] {Threei} here comes my 40

[14:50] {larisa} where did you enter? around 14.40 double bottom?

[14:50] {Threei} how did you know?

[14:51] {larisa} I would enter right there. But I fed up with AIG for today :)

[14:51] {Threei} :)

[14:51] {Threei} well, at least I made enough to buy that beer

[14:51] {larisa} still 10 min, do not give up

[14:51] {dino} lol

[14:52] {Threei} 10 min?

[14:52] {dino} 10 beers

[14:52] {larisa} oops, I thought we are done for the day

[14:52] {Threei} what planet is your market on?

[14:52] {dino} then again, lots of time

[14:52] {Threei} or you forgot to move your watch?

[14:52] {larisa} this is why did not want to take AIG

[14:53] {nemo} why? because it makes you say silly things?

[14:53] {dino} you see 3i, i joined forces w/stewie on his time machine

[14:53] {larisa} thought it is almost 4pm

[14:53] {Threei} that's unfair dino... I'll have to tag Doc and go back to the future then

[14:54] {dino} gl

[14:54] {nemo} got an extra flux capacitor?

[14:54] {Threei} and he is truly mad

[14:54] {nemo} smoked too much dope on Taxi

[14:54] {dino} and delorean

[14:54] {Threei} no, we use gravitsapa to move pepelats out of garage

06[14:55] * nemo pulls out Threeish dictionary

[14:55] {Threei} no use nemo

[14:55] {Threei} that's for Russians... movie reference

06[14:55] * strider slaps Threei around a bit with a large copy of Oxford English Dictionary

[14:56] {Threei} don't know if Wiki has it... look up Kin Dza Dza

[14:56] {nemo} Zaire?

[14:56] {Threei} OK, who gave strider that script, lol

[14:56] {strider} Now I'm armed!

[14:56] {nemo} you told me to

[14:56] {Threei} RIMM more downside... who knew

[14:57] {Threei} I thought you understood newspeak nemo...

[14:57] {dino} wall at .70 on pru

[14:57] {dino} tag/drop/tag/drop

[14:57] {Threei} when Stalin told his security "take this guy out, make sure he is comfortbale, show him our best hosipitality", guy was dead in 5 minutes

[14:58] {dino} here comes +200

[14:58] {Threei} http://en.wikipedia.org/wiki/Kin-dza-dza!

[15:00] {Threei} Pepelatz an interplanetary spacecraft

[15:00] {Threei} Gravitsapa a component for the pepelatz which allows intergalactic travel

[15:00] {Threei} there

[15:01] {Threei} Tsapa a component for different machines. A big tsapa is a very important component for the pepelatz. A small tsapa is a component for the gravitsapa; without the small tsapa, a gravitsapa will not work. Tsapa is similar to a very rusty screwnut

[15:01] {dino} we just say rocket fuel and rocket

[15:01] {Threei} well, try for this last part then

[15:01] {strider} Gravitsapa -sounds like what you eat with mashed potatoes.

[15:01] {dino} grappa

[15:03] {bkhmd} AIG wow

[15:03] {dino} 10k

[15:03] {nemo} so much for the correction

[15:04] {Threei} look at RIMM

[15:04] {Threei} so much for shares buyback

[15:04] {Threei} who called me a cynic?

[15:04] {nemo} whoa

[15:05] {larisa} AIG is so scared of 40 :)

[15:05] {Threei} AIG bounce time

[15:05] {nemo} I caught that last downdraft, need a crowbar

[15:05] {Threei} (US) House approves homebuyer tax credit and unemployment benefits extension; bill awaiting President Obama's signature

[15:05] {Threei} - Note: Senate approved the bill yesterday

[15:05] {Threei} - jobless benefits extended for up to 20 weeks; current homeowners are now eligible for credit

[15:07] {nemo} rimm just closed gap

[15:07] {nemo} and then some

[15:07] {Threei} AIG right on cue

[15:07] {Threei} if you go for these bounces, keep it to scalps

[15:07] {nemo} got a crowbar?

[15:07] {Threei} RIMM a dollar down from short call

[15:07] {Threei} why did we ever bother to cover?

[15:21] {dino} out ddm .25

[15:21] {dino} +.25

[15:22] {larisa} nice

[15:28] {nemo} gotta' go, you can start talking about me behind my back

[15:28] {bkhmd} LATER NEMO

[15:28] {nemo} Ow

[15:28] {bkhmd} oops caps

[15:28] {larisa} bye nemo

[15:28] {Threei} take care nemo

[15:29] {magoo} that nemos pain in arse ey vad :)

[15:29] {Threei} sure is

[15:29] {lasertrev} later nemo

[15:30] {Threei} dino's right, UUP spike is new shares registration issue

[15:30] {Threei} meaningless move in terms of USD reflection

[15:31] {dino} say that again please, i don't hear that much

[15:32] {dino} pru to flat, distracted w/hess

[15:32] {Threei} I can't dino, I am busy researching option for beer home delivery

[15:39] {dino} DDpB

[15:40] {Threei} larisa... think I still have as chance?

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 905M shares, about 2% above its three-month average; advancers lead decliners by 7.3:1.

[15:40] {Threei} - NASDAQ volume 1.81B shares, about 3% below its three-month average; advancers lead decliners by 3.4:1.

[15:40] {Threei} - VIX index -7.5% to just over 25.50

[15:40] {Threei} volume is not impressive

[15:40] {Threei} selling is to resume tomorrow or Monday, I am sure

[15:41] {larisa} lol

[15:42] {Threei} scalped UUP 23 break

[15:43] {Threei} really didn't want to call it, this thing is so strange

[15:45] {dino} it could be a squeeze

[15:53] {Threei} my ultrawide angle lens has arrived

[15:53] {Threei} see you all in two weeks

[15:53] {bkhmd} lol

[15:54] {Threei} or, is it's all it's crancked up to be, in a month

[15:54] {Threei} if

[15:54] {larisa} need another spelling bet

[15:54] {Threei} no way

[15:54] {Threei} if I amlosing trading bets, what chance do I have at spelling?

[15:56] {Threei} I don't fight at enemy's territory... not competing with Raven at grammar or with nemo at obnoxiousnes

[15:56] {Threei} with larisa I am not competing, period

[15:56] {dino} wel vad, 210 was about all it could go

[15:57] {Threei} it's twice what you bet on still, lol

[15:57] {Threei} your bet was 100

[15:57] {dino} yes, mid day thought we'd get 250

[15:57] {Threei} so at 200 I'd say I owe you not one but, get this,

[15:57] {Threei} drumroll please,

[15:57] {Threei} two, yes, TWO beers

[15:57] {dino} q is tomorrow. gut says pop and drop

[15:57] {bkhmd} lol

[15:57] {Threei} tomorrow is red

[15:57] {patience} i'm with you dino

[15:58] {dino} being the nice guy i am, i'll take two

[15:58] {Threei} you must

[15:58] {Threei} it's nemo who claimed the obnoxious spot

[15:58] {Threei} you have nice only left

[15:58] {dino} lol

[15:59] {bkhmd} good night all

[15:59] {bkhmd} thanks vad

[15:59] {Threei} okay guys

[15:59] {Threei} nice day

[15:59] {Threei} thank you asll

[15:59] {larisa} sigh

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {bkhmd} is it cold up there?

[15:59] {bkhmd} Vad?

[15:59] {Threei} no why?

[16:00] {larisa} bye all

[16:00] {dino} snow flurries here tonight

[16:00] {Threei} yikes

[16:01] {patience} roses still blooming here

[16:01] {patience} one of those winters where you have to mow the lawn throughout

[16:01] {Threei} so far, yes

[16:03] {dino} chris grey asks on realmoney; "if deficits and money printing don't matter, why do we need interest rates and taxes?" lol

[16:03] {Threei} good question actually

[16:06] {dino} he goes on "why not borrow an infinite amount of money at zero rates and never pay it back? then we would all be rich, right?...:)

[16:06] {Threei} no need even to borrow

[16:06] {Threei} if oprinting doesn't mattre, print

[16:07] {dino} hopefully the politicians don't really believe this

[16:08] {Threei} many left ones do

[16:08] {dino} unfortunately true