Jan 30 2009

Finally a nice day. Started out with some scalps, couple stops, slightly positive but nothing earthshaking. Then FAS gave us a string of quick scalps making a day much nicer. Glad to finish otherwise tough week on a winning note.

Session Time: Fri Jan 30 00:00:00 2009

[07:49] {hawkfan4} morning

[07:49] {Threei}  good morning

[07:50] {hawkfan4} hey vad, are you able to log in to Laser this morning?  

[07:50] {Threei}  not yet

[07:50] {hawkfan4} ok, thanks, me either

[07:51] {Threei}  I guess quotes are disgusted with themselves

[07:51] {hawkfan4} as they should be :)

[07:51] {hawkfan4} brb

[08:07] {nemo} GM

[08:09] {Threei}  nemo :)

[08:09] {Threei}  JPM

[08:09] {Threei}  CEO JAMIE DIMON: WE WILL NOT SELL ASSETS TO "BAD BANK"

[08:09] {Threei}  - Mark to market accounting exaccerbated crisis but did not cause it

[08:11] {magoo} morn

[08:11] {Threei}  magoo :)

[08:13] {magoo} amzn holds so far

[08:14] {Threei}  BALTIC DRY BULK INDEX +3.3%

[08:19] {magoo} GERN ngapping vad

[08:19] {magoo} any read pre?

[08:19] {Threei}  not yet

[08:19] {magoo} could make its best move pre

[08:19] {magoo} with lower volume

[08:20] {Threei}  this animal is not easy to read even during market hours, lol

[08:22] {cujo} Happy Friday.

[08:23] {magoo} cujo

[08:23] {Threei}  cujo :)

[08:23] {magoo} vad, any news AA{L RIMM

[08:24] {Threei}  no, other than this:

[08:24] {Threei}  01/29/09 07:04pm [DELL] May seek to move into the mobile phone business as early as next month

[08:25] {magoo} ty

[08:26] {hawkfan4} morning all

[08:26] {Threei}  hawk :)

[08:26] {Threei}  no idea what's driving GERN this time

[08:27] {nemo} samething that drove oil:)

[08:30] {Threei}  *Q4 EMPLOYMENT COST INDEX: 0.5% V 0.7%E

[08:31] {nemo} what story just drove FAS?

[08:31] {Threei}  Q4 ADVANCED GDP ANNUALIZED: -3.8% V -5.5%E; PERSONAL CONSUMPTION: -3.5% -3.5%E

[08:37] {Threei}  maniak-depressive market

[08:37] {Threei}  from extreme depression to elation and back in minutes

[08:41] {nemo} larisa :)

[08:41] {larisa} good morning :)

[08:41] {Threei}  pre-emptive greeting, nemo?

[08:41] {Threei}  larisa :)

[08:41] {nemo} ESP

[08:41] {larisa} nemo, threei :)

[08:41] {Threei}  RIMM

[08:41] {Threei}  PRICE TARGET RAISED TO $85 FROM $62 AT BROADPOINT, MAINTAINS BUY RATING

[08:42] {nemo} so...sell?

[08:48] {Threei}  4.2 earthquake in Seattle

[08:49] {hawkfan4} yikes

[08:52] {Threei}  4.6

[08:52] {dino} gm

[08:53] {Threei}  dino :)

[08:53] {cosmo} http://earthquake.usgs.gov/eqcenter/recenteqsus/Maps/US2/47.49.-123.-121.php

[08:53] {Onix} Good morning all

[08:53] {dino} ks dcc please

[08:53] {Threei}  onix :)

[08:56] {Threei}  got e-mail from someone who reads our trading logs saying:

[08:56] {Threei}  in case you are wondering what is behind PALM move,

[08:56] {Threei}  it's about to become a subject of bidding war

[08:56] {Threei}  initiated by DELL seeking entry in smartphone market

[08:57] {Threei}  and continued by AAPL and RIMM trying to prevent DELL from getting hands on PALM's echnoogy

[08:57] {elepet} good morning

[08:57] {cujo} morning el

[08:57] {Threei}  elepet :)

[08:58] {hawkfan4} i heard PALM tries really hard to keep their echnoogy a secret

[08:58] {elepet} and PALM moving up again

[08:58] {Threei}  not that I put any faith into "insider secrets" disseminated by e-mail

[08:58] {nemo} very logical though

[08:59] {Threei}  or have enough industry knowledge to evaluate the probability

[09:00] {dino} dell did announce phone entry last night

[09:00] {Threei}  01/29/09 07:04pm

[09:00] {Threei}  [DELL] Dell Inc May seek to move into the mobile phone business as early as next month - WSJ

[09:00] {Threei}  - Company is said to have a team of engineers working on the phones for over a year, focusing on "smart-phone" models

[09:01] {nemo} No.  But if you look at Dell, it runs from back office to desktop to mobile computing, that's basically what a PALM is, mobile computing.  Apple is primarily desktop, and with the Iphone-mobile computing.  RIMM-mobile computing.  Dell is in both business and consumer.  Apple-primarily consumer, RIMM-primarily business

[09:01] {Threei}  doesn't sound like they are gunning for PALM

[09:11] {ese} god morning

[09:11] {Threei}  ese :)

[09:11] {dino} complex

[09:11] {ese} Vad ,patience Dp.......you guys feel the earthquake about 5:20 am heere?

[09:12] {Threei}  no... reports said 4.6 in seattle

[09:12] {magoo} vad..whats the setup AMZN today?

[09:13] {Threei}  what do you mean today

[09:14] {Threei}  it's not like there is one setup for the day :)

[09:14] {magoo} well..its gonna be a player

[09:14] {magoo} but it may pullbk..or at open may run

[09:14] {Threei}  yes... but I don't know how to answer your question :)

[09:14] {Threei}  it will shape up to something

[09:14] {magoo} are u moody AGAIN

[09:14] {Threei}  again?

[09:14] {Threei}  ALWAYS!

[09:14] {magoo} ok ALWAYS

[09:15] {Threei}  there

[09:15] {nemo} battle plans only survive until initial engagement

[09:15] {magoo} there we go thinking alike

[09:15] {Threei}  ese, you felt it?

[09:17] {dino} you guys are tense today....take a chill

[09:17] {ese} ya thats what got me up

[09:17] {Threei}  we are dino... earthquake, you know :)

[09:17] {Threei}  wow... how come I haven't heard anything

[09:18] {Threei}  it's not like we are that far from each other

[09:18] {ese} I hate earthquakes.....any other disaster OK but earthquakes..........

[09:18] {Threei}  you would think if quake felt at your part from as far as Seattle, I should have felt it too

[09:18] {ese} at least you can see other things and have a chance to react.....but not an earthquake......

[09:19] {Threei}  sooo... our candidates so far PLAM, GERN, FAS

[09:19] {ese} it just hits you.......not time to react......give me tornados over this

[09:19] {Threei}  AMZN a bit later I think

[09:19] {Threei}  gotta let it calm down a little

[09:20] {dino} you see on trhe moon where i live, no earthquakes, tornados, etc. just snow, ice, cold

[09:20] {ese} I'll take it!!!!!

[09:20] {Threei}  nah... I'll take earthquake over ice and snow

[09:21] {cosmo} i like snow

[09:21] {Threei}  that's because you see it once every 15 years

[09:21] {cosmo} 25

[09:21] {Threei}  I've had my share... won't miss it it for another 25 years

[09:21] {Threei}  and then I die

[09:21] {Threei}  happily

[09:21] {fernp} Hello everybody

[09:21] {Threei}  fern :)

[09:22] {ese} fern

[09:22] {ese} anyway......whats the focus for this morning

[09:22] {Threei}  PREVIEW: JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET

[09:22] {Threei}  **consensus expectation: 61.9e v 61.9 preliminary

[09:22] {Threei}  - analyst estimates range between 60 and 65

[09:23] {Threei}  PALM, GERN, FAS, RIMM, AMZN

[09:23] {Threei}  and whatever scanner spits out

[09:23] {nemo} If you play FAS doesn't that bring FAZ in also...why or why not?

[09:24] {nemo} I mean...Yin and Yang, if you're into that sort of thing :)

[09:24] {Threei}  FAZ is much more volatile, thin, much hardcer to control risk

[09:24] {Threei}  look how much it dropped vs FAS spike

[09:25] {Threei}  60 cents on FAS vs 4 bucks on FAZ

[09:26] {nemo} yes, although there chart's are mirror images (almost)?

[09:26] {Threei}  sure

[09:26] {Threei}  you can play it if you are into that sort of thing, using FAS for read

[09:26] {Threei}  as it has smoother charts and easier triggers and stop to define

[09:26] {nemo} yeah, I like pain

[09:27] {nemo} oh "their charts"  damn english

[09:27] {cosmo} JNPR

[09:28] {cosmo} 15.43 hod

[09:36] {Threei} Long Setup:  RIMM  .50 break half lot

[09:37] {Threei}  stop under .30

[09:39] {Threei}  1:1

[09:39] {KSystems} took scalp

[09:39] {KSystems} thank you

[09:39] {Threei}  welcome

[09:40] {Threei}  GERN nears 8.50 resistance on daily

[09:40] {cujo} thanks Vad

[09:40] {cujo} great call

[09:40] {Threei}  in its usual jerky manner

[09:41] {Threei}  pullback to about .30 would be safer way to try it

[09:41] {dptl} gm all

[09:41] {Threei}  but overall, starts shaoing up as a runner

[09:41] {Threei}  dp :)

[09:42] {magoo} ty rimm bosds

[09:42] {Threei}  welcome

[09:42] {Threei}  AMZN, mama mia

[09:42] {Threei}  8.50 wall of offers gives GERN a pause

[09:42] {Threei}  but it should bust through it

[09:43] {Threei}  here is pullback

[09:43] {Threei}  maybe this way:

[09:43] {Threei}  half lot near .30

[09:43] {Threei}  stop under .10

[09:44] {Threei}  and add half lot if breaks .50

[09:45] {Threei}  AN CHICAGO PURCHASING MANAGERS INDEX: 33.3 V 34.9E

[09:45] {dino} larisa you nailed cat breakdown

[09:46] {Threei}  she is off today, will be back on Mon

[09:46] {Threei}  ok, who got GERN, you have options

[09:46] {Threei}  scalp, hold for break and run or add on break

[09:48] {Threei}  bring down that wall GERN

[09:48] {nemo} Thank you Mr. Gorbachev

[09:48] {Threei}  not yet...

[09:48] {Threei}  but should soon

[09:49] {cosmo} no thanks UBSS

[09:49] {cosmo} so far

[09:49] {magoo} a reload .30 area vad?

[09:49] {Threei}  you sold?

[09:49] {magoo} scalp..i am what i am

[09:50] {Threei}  don't know mags

[09:50] {Threei}  hard to tell

[09:50] {magoo} mkts got me in dime mode this week

[09:50] {Threei}  it should be breaking now

[09:50] {Threei}  amgn

[09:55] {Threei}  JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 61.9E

[09:57] {magoo} p[rttyu good RIMM pllbk vad

[09:57] {magoo} Q pullsbk

[09:59] {magoo} lovely mkt 

[10:00] {nemo} yeah like poison ivy

[10:01] {hawkfan4} DRYS crushed again

[10:01] {fernp} cover FITB +.10

[10:02] {magoo} look at AAPL minute chart vad

[10:03] {magoo} 11 red bars

[10:04] {Threei}  not sure what you are trying to derive from that

[10:04] {ese} drys is a buy around that 5 bill mark though

[10:05] {magoo} ugliness

[10:07] {ese} market down days are less and less prolifick do ya mags...?

[10:07] {ese} do you think?

[10:08] {ese} seems to me anyway that we are getting to that point where there are less and less sellers....????

[10:09] {magoo} dunno ES..i kind o f think a retest of lows in feb

[10:09] {magoo} ugly

[10:10] {magoo} skeerry to us mere mortalls

[10:10] {nemo} mags, you lookin' in the mirror in the bathroom?

[10:10] {magoo} THAT DOES IT

[10:10] {nemo} Yeah, pick on the little guy!

06[10:11] * magoo slaps nemo around a bit with a large large heavy book of proper etiquet for newbies with fish smelling name

[10:11] {ese} i'm betting that around Jan 1 we had the right should pu in of a reverse head and shoulders pattern.....

[10:11] {ese} Jan 21....make that

[10:11] {nemo} right in the dorsal...thanks

[10:12] {elepet} palm dying?

[10:12] {Threei} Long Setup:  DRYS  .50 break ig stays above .40

[10:12] {dino} 1194 gap open

[10:13] {Threei}  just goes with market at this point elepet

[10:13] {dino} weekly lows fwiw, 8023, 1169, 827

[10:13] {ese} in 

[10:13] {magoo} in

[10:13] {ese} DRYS

[10:13] {KSystems} in

[10:14] {magoo} that pullbk no effect AMZN

[10:15] {magoo} Q bounce candidate somewhere..not yet

[10:15] {cujo} in

[10:15] {magoo} GERN dead i guess vad

[10:16] {Threei}  for nowe, yeah

[10:16] {dino} ok ndx filled

[10:16] {magoo} half out DRYS here?

[10:16] {magoo} LOL

[10:16] {magoo} scalpers joke

[10:17] {magoo} 60 magnate AMZN..NOT IN

[10:17] {Threei}  market finds no footing

[10:19] {nemo} I'll take one for the team..heading to the powder room

[10:20] {Threei}  magoo's restroom indicator becomes popular

[10:21] {ese} funny mags ....real funny........

[10:21] {magoo} l Q here .40

[10:23] {nemo} no worky

[10:23] {magoo} it is working

[10:23] {magoo} go again

[10:23] {hawkfan4} lol

[10:24] {Threei}  EIA: US NOV OIL DEMAND (REVISED) -7.7% Y/Y

[10:24] {Threei}  Nov?

[10:24] {Threei}  who cares?

[10:25] {ese} have dinos gut feeling from yesterday today........it's gonna be an up day by the end of it...i think the pressure is that way

[10:25] {patience} end of the month selling today

[10:25] {ese} OK mags i'm out half here for .01 profit

[10:26] {ese} just kidding....!!!!!

[10:29] {Threei}  another sharp drop Qs

[10:29] {nemo} good nite Irene...

[10:29] {dino}  feeling the same es. waiting for "bottom"

[10:30] {dino} watching mcd, cat, vsec, deck

[10:30] {nemo} fas closed opeing gap

[10:30] {Threei}  RU) RUSSIA HAS REPORTEDLY SPENT APPROX $4B IN SUPPORT OF ROUBLE IN CURRENT WEEK

[10:31] {ese} the rouble is rubble.......

[10:31] {Threei}  FED BUYING AGENCY DEBT OUTRIGHT; SEEKS DEALER BIDS BY 11AMET

[10:32] {ese} drys....stopped .-11

[10:32] {fernp} stopped DRYS

[10:32] {fernp} cover RF +.10

[10:32] {magoo} stop Q

[10:33] {Threei}  look at AMZN

[10:33] {Threei}  quite remarkable

[10:34] {magoo} if mkt went green it would hit 75 lol

[10:36] {fernp} cover BAC +.21

[10:37] {KSystems} hl l OII .24 stop .88

[10:39] {hawkfan4} CECO .92, stop under .70

[10:39] {magoo} any read GS hawk/

[10:39] {magoo} ?

[10:40] {hawkfan4} not yet, scalped it a bunch, feels stronger today

[10:40] {hawkfan4} but i was way off on it yesterday

[10:40] {magoo} let me knpow

[10:40] {hawkfan4} will do

[10:42] {KSystems} hl l FULT .41 stop .28

[10:44] {dino} mcd sm l .45

[10:44] {hawkfan4} 83 should get it moving mags, like it if market moves

[10:45] {hawkfan4} in .88

[10:47] {magoo} ty

[10:49] {ese} """YOU"""" are not permitted...........to funny that thing

[10:49] {Threei}  just move it to Tatus window ese

[10:49] {Threei}  Status

[10:49] {Threei}  AMZN wants to continue higher

[10:49] {Threei}  however strange it it may look

[10:50] {Threei}  FAS

[10:51] {Threei}  this pullback into .50 looks like entry point

[10:52] {nemo} stop under .35

[10:52] {cujo} in .52

[10:54] {hawkfan4} CECO stop to .84, not thrilled with it

[10:55] {Threei}  feel free to take profit FAS

[10:55] {cujo} out thanks vad

[10:56] {magoo} nice one vader

[10:56] {Threei}  AMZN... another shallow pullback and then break of .50...

[10:57] {Threei}  wanna try small shares?

[10:58] {hawkfan4} out GS .30

[11:01] {hawkfan4} too soon

[11:03] {magoo} in amzn

[11:03] {magoo} waiting .84

[11:03] {magoo} take .60

[11:04] {magoo} kickin it

[11:10] {ese} double bottom in the Q's dino.....up we go ?

[11:11] {dino}  y

[11:12] {KSystems} s sm AMP .99 stop .26

[11:13] {hawkfan4} stopped ceco -.08

[11:14] {dino} good stop

[11:14] {hawkfan4} thx dino ;)

[11:16] {KSystems} s hl BMRN .31 stop .51

[11:23] {Threei}  wow DRYS

[11:23] {Threei}  bottomless

[11:24] {hawkfan4} fugly

[11:25] {nemo} you in the bathroom too Hawk?

[11:25] {hawkfan4} lol :)

[11:25] {dino} under weekly lows

[11:25] {Threei} Short Setup: KLAC  .40 break if stays below .55

[11:26] {dino} 7909,1136, 804 line in sand imo

[11:26] {Threei}  (EU) EU'S JUNCKER: ECB HAS THE SCOPE IT NEEDS TO CUT RATES, EUROPEAN INFLATION HAS DROPPED SHARPLY

[11:26] {Threei}  - ECB should worry less about price stability.

[11:26] {Threei}  - Understands the debate over taking rates close to zero.

[11:26] {Threei}  - Suspects that banks are manifesting a "total aversion" to risk.

[11:26] {Threei}  - G7 will discuss financial market regulation

[11:36] {hawkfan4} GS .32 stop .18

[11:38] {hawkfan4} GERN kinda forming a little bottoming triangle over .77 

[11:38] {dino} this pork fake stimulus plan is being figured out by market players. they do not like it

[11:38] {Threei}  "buy american" too dino

[11:39] {Threei}  recipe for Great Depression, take II

[11:40] {magoo} out .75 TY hawk

[11:40] {hawkfan4} :) cool beans

[11:40] {Threei}  good job guys

[11:41] {magoo} nice read..never negativew

[11:41] {hawkfan4} out .73

[11:41] {KSystems} OII out half +.36

[11:41] {magoo} on hawks part

[11:41] {dino} gj

[11:41] {hawkfan4} thx

[11:41] {Threei}  I jusy saw on TV: Zimbabwe in crisis

[11:42] {_buyemsellem} don't worry they have the trillion dollar note now

[11:42] {Threei}  ty... I feel better

[11:42] {Threei}  started actually worrying for a min

[11:42] {Threei}  MORGAN STANLEY CALLS 3 YEAR US, UK, AND EUROPEAN NOTES 'ATTRACTIVE'

[11:42] {hawkfan4} in GERN , stop .66

[11:47] {dptl} .

[11:48] {Threei}  V

[11:48] {Threei}  second day of indecent strength

[11:52] {dptl} .

[11:52] {dptl} test

[11:52] {Threei}  pro-labor executive orders are coming, per CNN

[11:54] {hawkfan4} watching GS pullback around .55-.60 mags

[11:54] {magoo} k

[11:54] {hawkfan4} in .63, stop under .50

[11:54] {magoo} would like pullbk 

[11:54] {Threei}  KLAC almost 1:1

[11:55] {Threei}  KLAC 1:1 without almost

[11:56] {Threei}  US TREASURY 'S GEITHNER AGREED WITH UK'S DARLING THAT INTERNATIONAL ACTION WA REQUIRED FOR GROWTH; WILL REPORTEDLY MEET TODAY WITH FDIC'S BAIR AND THE FED'S BERNANKE OVER REFORM IN FINANCIAL INDUSTRY

[11:56] {Threei}  - Geither to attend G7 meetings in Italy on Feb 13 and 14

[11:57] {Threei}  UK'S DARLING - sounds so funny

[11:59] {Threei}  anyone holding part of KLAC?

[11:59] {Threei}  or took scalps?

[11:59] {dptl} me

[11:59] {Threei}  ok... stop is trailed of course

[12:00] {dptl} yep

[12:00] {Threei}  and it does look like more weakness is coming

[12:00] {Threei}  wouldn't even try to bounce woth market last time

[12:01] {Threei}  interesting stock just popped up on a scanner

[12:01] {Threei}  unusual for me, too

[12:01] {Threei}  ATHX

[12:03] {dawg} KLAC breaking down again still in

[12:03] {Threei}  here goes KLAC

[12:03] {dawg} alright!

[12:04] {KSystems} AMP out half +.28

[12:04] {Threei}  1:2 is within spit distance

[12:04] {dawg} yessir

[12:04] {dptl} bidding 20

[12:04] {hawkfan4} good call mags, stopped -.13

[12:04] {Threei}  KS puts out irritatingly strong performance for the second day in a row

[12:05] {dino} ks is in the zone (don't mess w/it

[12:05] {KSystems} OII out rest at be

[12:05] {Threei}  I never mess with the guy who has on/off server switch within arm length

[12:06] {Threei}  SENATE REPUBLICANS REPORTEDLY EXPLORING ALTERNATIVE STIMULUS PLAN THAT COULD INCLUDE A PAYROLL TAX CUT

[12:06] {Threei}  - Note: The House vote 2 days ago on the stimulus package passed, yet with no votes by Republicans

[12:07] {Threei}  btw, KLAC stop should be trailed further here

[12:08] {Threei}  to above .30

[12:10] {dawg} OK

[12:11] {Threei}  something just propped the market

[12:11] {Threei}  don't see any news

[12:11] {KSystems} FULT stopped -.13

[12:11] {dawg} luck got out at .13 thank you sir

[12:11] {Threei}  even DRYS is erecovering

[12:11] {Threei}  good job dawg

[12:11] {dawg} ).

[12:15] {Threei}  s far so good

[12:16] {Threei}  not a stellar day by any means but more or less decent, even though not very active

[12:16] {Threei}  I just don't want to push too much, this week was fairlty cold one

[12:17] {Threei}  so, plan at this point is to trade at reasonably low level of activity until performance picks up again,

[12:17] {Threei}  then increase activity

[12:17] {Threei}  sounds good?

[12:17] {hawkfan4} yessir

[12:18] {Threei}  too bad DRYS and FAS got away

[12:18] {Threei}  but that was kind of suckers game at guessing the bottom

[12:18] {dino} lstr

[12:20] {Threei}  good afternoon vinthhombre, welcome

Session Close: Fri Jan 30 12:21:23 2009

Session Start: Fri Jan 30 12:21:23 2009

Session Ident: #discussions

02[12:21] * Disconnected

02[12:23] * Attempting to rejoin channel #discussions

03[12:23] * Rejoined channel #discussions

[12:25] {KSystems} BMRN stopped -.13

[12:27] {Threei}  good afternoon vinthhombre, welcome

[12:28] {_vinthombre} Good afternnon, thanks

[12:28] {Threei}  about that ATHX

[12:29] {Threei}  I don't have clear recipe how to play this kind of stock

[12:29] {Threei}  it's too weird for me

[12:29] {nemo} I'll leave that alone

[12:29] {Threei}  at your discretion guys, who sees play - fine

[12:29] {Threei}  from the way it trades, it's probably not a day trade

[12:43] {Threei}  58 is closest chart support for AMZN

[12:43] {Threei}  it's likely to break it iof tested though, I wouldn't jump in it for bounce just yet

[12:43] {Threei}  rather let it break and look for bounce from under 58

[12:49] {dino} real$ is cracking me up. all the writers wanted obama and dems in the election. now, since they see what garbage they are pushing in the 800 b bill, they are all complaining about same old same old. so much for "change"

[12:49] {nemo} Anyway to play break of resistance on FAS?

[12:50] {Threei}  nemo, it's a valid play but I would prefger to play it conservatively

[12:50] {Threei}  wait for pullback

[12:50] {Threei}  if none comes, you miss the play, big deal

[12:50] {Threei}  but nothing went up without a few shakeouts this week

[12:50] {nemo} Mrs. Lincoln again...bet she wishes they missed the play :)

[12:50] {Threei}  lol

[12:52] {Threei}  9.75 - 9.80 zone is closest support

[12:52] {Threei}  if you tried 9.90 break, you would be in doubt at this point

[12:53] {Threei}  entry closer to .80 gives you beter stop and more comfort

[12:53] {nemo} mighta' just got euphoria spike

[12:55] {Threei}  (RU) RUSSIAN CENTRAL BANK RAISES RATES ON REPO LOANS BY 1%, IN AN EFFORT TO CONTROL INFLATION AND STABILIZE THE EXCHANGE RATE

[12:55] {KSystems} s EAT .91 stop .01

[12:55] {nemo} amazon right now looks like my eeg

[12:56] {nemo} flat

[12:57] {dino} aapl sm l .90

[12:57] {Threei}  your GERN is working nicely hawk

[12:57] {hawkfan4} very

[12:58] {Threei}  there you go nemo... .81 - 82 entry works like charm

[12:58] {dino} they have an inflation problem w/oil's drop?

[12:58] {Threei}  you are already over 1:1

[12:59] {Threei}  compare it with .90 entry... enduring 10 cents pullback and being uo now just 3-5 cents

[12:59] {nemo} yeah...too much gray hair already

[13:00] {Threei}  this kind of entries is the way to go in this market

[13:00] {Threei}  way safer, easier on nerves and more profitable

[13:00] {Threei}  out +.16

[13:00] {Threei}  anyone went for it?

[13:00] {nemo} yeah, trends are 5 minutes...about my attention span

[13:00] {magoo} break up trigg AMZN vad?

[13:00] {Threei}  yup, mine is one of a moth too

[13:01] {hawkfan4} yeah, i much prefer early entries.  can always add if it starts working

[13:01] {nemo} that's insulting the moth

[13:01] {Threei}  can't tell mags

[13:01] {dino} trends? are there any that last more than minutes?

[13:01] {KSystems} AMP rest out b/e

[13:01] {Threei}  dino, their inflation is of different nature

[13:02] {Threei}  rouble drops like crazy vs USD

[13:02] {nemo} just like old times

[13:02] {dino} ahhhh, makes sense or cents

[13:03] {Threei}  deflation of commodities leads to currency inflation in commodity-based country

[13:03] {Threei}  (in a perverse way)

[13:04] {nemo} value of GDP based on commodities, therefore currency follows suit

[13:05] {KSystems} EAT stopped -.11

[13:06] {Threei}  US SENATORS HAVE PROPOSED BILL TO LIMIT EXECUTIVE PAY FOR COMPANIES WHO RECEIVED GOVT BAILOUT FUNDS

[13:06] {Threei}  how come that wasn't a string attached to orginal TARP?

[13:06] {nemo} Paulson?

[13:07] {Threei}  ok... what the heck happened?

[13:07] {Threei}  no news to warrant this

[13:08] {nemo} progras programmed to trade to pivot points on neutral days?

[13:09] {elepet} Remember PAL? I just bought some because it's cheap and I had to buy something. market is too insane.

[13:10] {elepet} and it went up after i bought it.

[13:10] {Threei}  questionable reason for entry, elepet...

[13:10] {elepet} I know. but not much to lose. LOL

[13:10] {nemo} He's having flashbacks to the tech bubble...or maybe a previous life during the tulip craze.

[13:11] {KSystems} s hl AYE .79 stop .01

[13:11] {Threei}  watch FAS pullback

[13:11] {Threei}  long entry from under 10

[13:11] {dino} aapl stop to .45

[13:12] {dino} mcd stop to .85 - all dayer

[13:14] {nemo} fas didn't come to me...like my old dog...bitch

[13:14] {dino} aapl to .55

[13:15] {dino} out aapl .55, +.65

[13:15] {Threei}  wtg

[13:15] {cujo} nice dino

[13:15] {hawkfan4} nice 

[13:16] {dino} ty, sitting around all day...tough to do

[13:16] {Threei}  calling stocks names helps nemo

[13:16] {nemo} I didn't know that?

[13:16] {KSystems} s hl SYKE .08 stop .31

[13:17] {dino} mcd stopped .85, +.40

[13:17] {Threei}  FAS arrived

[13:17] {cujo} in

[13:17] {Threei}  stop under .85.85

[13:18] {Threei}  seeing double

[13:18] {nemo} huh?

[13:18] {magoo} in

[13:20] {Threei}  there you go... patient waiting for the market to come to you works once again

[13:21] {KSystems} s MRX .13 stp .21

[13:22] {Threei}  since it hit over 1:1 for .92 entry, I'd trail stop to under .90

[13:22] {magoo} hawk GS read?

[13:22] {Threei}  {hawk} G and S

[13:22] {hawkfan4} kinda psycho right now, not sure

[13:23] {magoo} i hit long ,68\

[13:23] {Threei}  no need to call me names hawk

[13:23] {hawkfan4} lol :) we're all a little crazy

[13:23] {nemo} Can you imagine if we were all in a room together...not pretty

[13:23] {Threei}  well, I actually took offense at "right now"

[13:24] {Threei}  as if there are times when I am not

[13:24] {nemo} you're bi-polar

[13:25] {Threei}  don't take FAS here this time

[13:25] {Threei}  goes lower most likely

[13:27] {magoo} stopped

[13:27] {KSystems} AYE out half +.21

[13:28] {nemo} FAS!!!

[13:28] {Threei}  told ya

[13:28] {Threei}  no touchie

[13:28] {nemo} no feelie

[13:28] {Threei}  :)

[13:29] {Threei}  tell me this market is not bipolar

[13:29] {hawkfan4} really is

[13:29] {nemo} O.K.  the market isn't bipolar

[13:29] {Threei}  spike out of nowhere, then sharp drop out of that same place

[13:30] {dino} scalpers market only

[13:31] {Threei}  totally

[13:31] {Threei}  look at GS

[13:31] {KSystems} MRX out half +.08

[13:31] {nemo} bounce at 81.6

[13:31] {hawkfan4} oh yeah, mags, down :)

[13:31] {Threei}  CNBC'S GASPARINO: ACCORDING TO SOURCES, GOVERNMENT 'BAD BANK' IDEA MAY HAVE HIT A SNAG; THE IDEA IS "ON HOLD"

[13:32] {Threei}  now we know for sure, market wants bad bank

[13:32] {hawkfan4} guess he kept his job after dropping the f-bomb yesterday

[13:32] {nemo} Did he say F***** Bad Bank today

[13:32] {nemo} hawk

[13:32] {Threei}  that's third confirmation, can't be coincidence

[13:33] {hawkfan4} dunno nemo

[13:34] {Threei}  the second they say bad bank goes ahead, I just hope we have a fraction of second to buy all FAS we can afford

[13:35] {nemo} Thank god for margin...but they'll do it over the weekend

[13:35] {Threei}  then we will be left in the dust

[13:36] {Threei}  but if we get so lucky, make sure you took out second, third and fourth mortgae, sold family posessions, wife and kids, and bought all FAS you could

[13:36] {nemo} Bad bank will have all the banks in accumulation mode.  Willain's stuff...

[13:37] {KSystems} SYKE half out +.23

[13:37] {nemo} Reminds me of joke.  "My wife said, "You either stop hunting, or I'm leaving."..................."I'm gonna' miss my wife."

[13:38] {nemo} That croaked the small cap triple also

[13:38] {Threei}  mine jujst read these lines, musingly asked where the buy button is, where to type FAS, and went to phone someone asking whether she could sell me to them

[13:38] {nemo} hehehehe

[13:39] {Threei}  drop is not done yet

[13:39] {dino} i guess i am an idiot, but fdic insures banks, they should be pre=packing bankruptcies and letting the strong pick up the leftovers. i know alot of our local bank officers...they are going gangbusters picking up loans they never had shpts at before. let the system work

[13:40] {Threei}  you are coming from assumption that capitalism should have a chance dino... it's not assumption they operate on

[13:40] {dino} also, ford hasn't taken govt. $$$ but chrysler and gm have. its unfair, let them pre-package bankruptcy, ford picks up the slack. c'mon!

[13:40] {Threei}  whoa GS

[13:41] {dino} but you know what vad, capitalism has worked here for 220 years, one or two bad years should not alter the entire model

[13:41] {Threei}  moreso, it was not capitalism that failed

[13:41] {Threei}  it was injection of socialistic ideas in it

[13:42] {Threei}  but, who are you going to tell that? to socialists?

[13:42] {KSystems} AYE out 1/4 +.42

[13:42] {dino} yes! 

[13:42] {Threei}  KS, this is really irritating

[13:42] {KSystems} wooo-hoooo

[13:42] {dino} and ks, gfj again

[13:42] {Threei}  stop that

[13:42] {KSystems} thanks dino

[13:42] {Threei}  btw guys notice:

[13:42] {Threei}  financiaals drop like there is no tomorrow

[13:42] {Threei}  look at KLAC for instance

[13:43] {Threei}  RIMM

[13:43] {Threei}  nowehere that bad

[13:43] {dino} this is your market ks

[13:43] {Threei}  and some are actually holding nicely

[13:43] {Threei}  this is our clue to the future rally,

[13:43] {dino} but vad look at aapl and many others

[13:43] {Threei}  most likely led by other sectors, not finjancials

[13:44] {Threei}  AAPL barely came to prvious low

[13:44] {Threei}  look at GS

[13:44] {Threei}  buck and half below previous low before first bounce attempt

[13:45] {dino} still dropped hard imo

[13:45] {Threei}  ok, let' watch FAS for pullback and double bottom

[13:45] {Threei}  sure... I am talking about relative strength

[13:48] {Threei}  pullback under .20 was too fast and shallow to get in

[13:49] {Threei}  I was waiting for something close to .10

[13:55] {Threei}  jeez

[13:55] {Threei}  I started typing FAS at .21

[13:56] {Threei}  and it was above .30 before I could finish

[13:56] {Threei}  what the

[13:56] {Threei}  who said what where this time?

[13:57] {cujo} fas makin moves

[13:57] {hawkfan4} nutty

[13:57] {Threei}  moves?

[13:57] {Threei}  leaps of crazy anthelope

[13:57] {KSystems} drunken kangaroo?

[13:58] {Threei}  who got turpentine injection in the butt

[14:02] {Threei}  WHITE HOUSE SPOKESPERSON: PRESIDENT OBAMA WILL DO WHAT IS NECESSARY TO PASS A STIMULUS PACKAGE

[14:02] {Threei}  dissolve senate

[14:02] {Threei}  issue decree

[14:02] {Threei}  done

[14:03] {magoo} form new socialist party

[14:03] {Threei}  we are so close to USSR model, why not just go ahead and make it official

[14:10] {cosmo} how's 'silicone curtain'?

[14:11] {KSystems} s sm PKX .10 stop .51

[14:14] {KSystems} i have never even heard about those companies...

[14:18] {Threei}  KS... saw those prints that took .10 out?

[14:18] {KSystems} no

[14:18] {Threei}  a minute ago?

[14:19] {KSystems} nah, didnt watch it

[14:19] {Threei}  anyway... you are welcome

[14:19] {KSystems} i put my strategy in, not touching it anymore

[14:19] {KSystems} lol

[14:19] {KSystems} need some market help to the downside

[14:20] {Threei}  market is not much about help this week, any direction

[14:21] {cosmo} its coiling?

06[14:23] * Threei pokes PKX with sharp stick

[14:26] {Threei}  hmmm... I am afraid that was wrong side

[14:26] {Threei}  sorry ks

[14:27] {KSystems} AYE out rest +.27

[14:27] {KSystems} MRX out rest -0.01

[14:28] {KSystems} PKX stopped -.55

[14:28] {Threei}  another crazy jump FAS

[14:31] {KSystems} l hl EQY .87 stop .64

[14:40] {KSystems} s sm SAFM .74 stop .01

[14:46] {Threei}  WHITE HOUSE PRESS SECRETARY: REVIEWING 'BUY AMERICAN' PART OF STIMULUS BILL; RECONSIDERING A FOREIGN STEEL BAN IN THE BILL - SUMMARY OF COMMENTS

[14:46] {Threei}  Canada is up in arms about that

[14:48] {dino} protectionism is not the answer

[14:50] {Threei}  it is - if you look for way to trurn recession into depression

[14:52] {nemo} feels like market is just going to fizzle to the close...then again...wouln't be the first time I was wrong today.

[14:52] {Threei}  really?

[14:52] {Threei}  hmmm

[14:52] {Threei}  I for one am never wrong

[14:52] {Threei}  I am early

[14:53] {Threei}  or fashinably late

[14:53] {nemo} look at volume...

[14:54] {KSystems} EQY stopped -.25

[14:56] {dino} so, let me see, the plan is to 1) keep insolvent companies alive 2) keep their current (mis)management 3) add protectionism 4) give unions more power 5) increase welfare payments 6) tax the income earners even more

[14:57] {dino} sounds more like a kingdom than a country

[14:57] {Threei}  7) limit trade with other countries

[14:57] {dino} "change is coming" just forgot to mention towards socialism

[14:58] {magoo} I THOUGHT THIS WAS A TRADING ROOM

[14:58] {Threei}  then again... e new it from the campaign, didn't we

[14:58] {Threei}  magoo, don't yell

[14:58] {dino} my apologies magoo, just not seeing any trades

[14:58] {Threei}  you almost rendered me deaf

[14:59] {magoo} you guys do this EVERY OTHER DAY

[14:59] {Threei}  'cause we enjoy our jaundicity

[15:00] {dino} saves me $

[15:00] {Threei}  if you see any worthy trade, feel free to share

[15:00] {dino} feels like yesterday so far, big down may be coming

[15:03] {dino} aapl sm l .90

[15:04] {dino} stop is .57

[15:05] {Threei}  FAS is about to dive under .20

[15:06] {Threei}  looking for entry

[15:06] {Threei}  ideally around .10

[15:08] {Threei}  didn't give a chance

[15:12] {KSystems} SAFM stopped -.51

[15:19] {nemo} geez

[15:20] {dino} stopped aapl -.33

[15:20] {nemo} feel like any plays now might be  sucker's bet

[15:20] {Threei}  (CA) CANADIAN FIN MIN: CANADA DOES NOT NEED A "BAD BANK" TO ABSORB ASSETS

[15:21] {dino} -5% since wed. all 3 averages

[15:21] {_vinthombre} FAS entry?

[15:22] {Threei}  one more leg down

[15:22] {Threei}  closer to 9

[15:22] {magoo} AMZN long  vad?

[15:23] {Threei}  crossback over 58 mags

[15:23] {magoo} if mkt bounces

[15:23] {Threei}  if holding above .85

[15:24] {magoo} unreal; strenght it has

[15:24] {dino} i should've stayed w/my gut feel

[15:24] {dino} [15:00] {dino} feels like yesterday so far, big down may be coming

[15:25] {Threei}  FAS almost ready

[15:25] {Threei}  in .96

[15:25] {Threei}  astop under .90

[15:26] {Threei}  half out .07

[15:26] {nemo} had orer at .91 damn

[15:26] {cujo} thanks Vad.  

[15:26] {Threei}  :)

[15:27] {Threei}  stop .99

[15:27] {Threei}  should have take .14

[15:28] {Threei}  out

[15:28] {Threei}  oversat a little

[15:29] {Threei}  closer to .80 this time

[15:32] {Threei}  in

[15:33] {Threei}  stop under .75

[15:33] {Threei}  keeping it very tight

[15:36] {Threei}  stop to under .80

[15:36] {Threei}  hard to tell, wanted over .90

[15:36] {Threei}  maybe should have just grabbed 10 cents scalp

[15:37] {Threei}  out flat

[15:37] {jmb} thanks vad - took 10 cent scalp

[15:37] {Threei}  like hot potatoe

[15:37] {cujo} same here

[15:37] {Threei}  jmb :)

[15:37] {cujo} thanks Vad

[15:39] {Threei}  okay, that was idiotic trade on my part

[15:39] {nemo} you were just early

[15:39] {Threei}  yes, forgot

[15:40] {Threei}  okay... feeling better

[15:41] {Threei}  took .88 - 9.01

[15:41] {Threei}  total feel of hot potato in hands

[15:41] {magoo} me to vad 9.02

[15:41] {Threei}  :)

[15:41] {Threei}  see? and you screamed at me as if I stole your beach towel

[15:41] {magoo} u think AMZN closes strong?

[15:42] {Threei}  when something comes around we wake up

[15:42] {Threei}  I don't know about AMZN... thing is hirribly overtraded today

[15:42] {Threei}  no way tyo tell who wants out more

[15:42] {Threei}  let's better do one last FAS

[15:43] {magoo} k

[15:43] {Threei}  .90 was it but we talked too much

[15:43] {Threei}  lol

[15:43] {magoo} :)

[15:45] {Threei}  ok... pullback to 9 or just under

[15:46] {KSystems} l hl BVN .91 stop .69

[15:46] {Threei}  in .92

[15:46] {magoo} 95

[15:46] {cujo} missed.  Darn.

[15:46] {Threei}  out

[15:46] {Threei}  9.07

[15:46] {magoo} out 08

[15:46] {cujo} nice

[15:47] {Threei}  I need a creme for those burns

[15:47] {Threei}  wow

[15:47] {Threei}  thing had even more in it

[15:47] {Threei}  didn't expect it at the end of the day

[15:47] {Threei}  but hey

[15:47] {Threei}  end of the day turned fun

[15:48] {cujo} was a goo dlittle run of scalps. 

[15:48] {Threei}  dino... when you walk by magoo, put an elbow in his ribcage on my and your own behalf... so he knows better next time than yell at us while we exercise our grumbliness

[15:49] {Threei}  too bad we have to limit ourselves to these tiny scalps

[15:49] {Threei}  but there is time for everything

[15:49] {magoo} tough week

[15:49] {Threei}  when market stops being this paranoid, our real plays will be back

[15:50] {Threei}  oh yeah, I am happy ti finish this week on such note

[15:51] {Threei}  3-4 quick scalps for 10-12 cents each

[15:51] {Threei}  that's your 400 bucks to finish the week right there

[15:52] {cujo} or 40 if your the FNG... (f'ing new guy) :)

[15:52] {Threei}  again... there is a time for everything

[15:52] {Threei}  training wheels...

[15:52] {Threei}  then you take them off

[15:53] {Threei}  and start getting real bruises :)

[15:53] {cujo} ha ha ha..  can't wait. 

[15:53] {Threei}  you have MPP

[15:53] {Threei}  go over last part

[15:53] {Threei}  Practical Trading

[15:53] {Threei}  procedure for increase shares

[15:53] {cujo} yup. 

[15:53] {Threei}  criteria when and how to do it

[15:53] {cujo} have right in front of me.  

[15:53] {Threei}  just follow it... you'll be fine

[15:54] {cujo} sounds like a plan. 

[15:54] {Threei}  how do you like videos btw?

[15:54] {cujo} the scalping one is good

[15:54] {cujo} only through disc 1 right now. 

[15:54] {Threei}  one?

[15:54] {cujo} disc 2 tonight

[15:54] {Threei}  there are desons of them :)

[15:54] {Threei}  dosens too

[15:55] {Threei}  okay... then you haven't gotten to real meat yet

[15:55] {cujo} not yet

[15:55] {cujo} soon.  what disc real meat at?

[15:55] {Threei}  like I remember

[15:55] {Threei}  2 and 3 :)

[15:55] {cujo} :)

[15:55] {cujo} funny, remember that room member i was asking you about a long time ago "burn"?

[15:56] {Threei}  yes

[15:56] {cujo} he is on the screen shot in the video 

[15:56] {cujo} when yo go over the chat room

[15:56] {Threei}  :)

[15:56] {Threei}  4th disk is actual seminar recording

[15:57] {Threei}  don't look at my image if you have troubles sleeping

[15:57] {cujo} that could be interesting.  Live Workshop?

[15:57] {cujo} ha ha ha

[15:57] {Threei}  yes

[15:57] {cujo} many more demons keeping me awake at night...

[15:57] {Threei}  main screen is slides that I had on the screen,

[15:58] {Threei}  and me in the corner

[15:58] {Threei}  talking, gesturing

[15:58] {Threei}  and generally spoiling the mood

[15:58] {cujo} he he

[15:58] {Threei}  okay guys

[15:58] {magoo} ty vad

[15:58] {Threei}  let's call it a day

[15:58] {nemo} gnite

[15:58] {cujo} have a good wknd all.  

[15:58] {dptl} have a good weekend all

[15:59] {hawkfan4} enjoy all

[15:59] {dawg} thanks vad and all

[15:59] {Threei}  glad to finish this week, honestly... first one in many months I had so much troubles with

[15:59] {Threei}  thank you all, have a good weekend

[15:59] {_vinthombre} thanks all

[15:59] {Threei}  take care wnthombre, see you on mondau

[15:59] {_vinthombre} sure,thx

[16:00] {fernp} tough week here. Have a relaxing weekend all

[16:00] {_vinthombre} i enjoyed being in chat rm today

Jan 29 2009

Many room members found quite a few nice plays; I was mostly sitting things out. Other than GERN nice run-up and something unusual happening with PALM, not much interesting.                                                                                                           

Session Time: Thu Jan 29 00:00:00 2009

[07:39] {hawkfan4} poor DRYS

[08:08] {nemo} mornin'

[08:08] {hawkfan4} morning nemo

[08:08] {Onix} Good morning early birds :)

[08:09] {hawkfan4} Onix :)

[08:09] {nemo} it's late on the east coast

[08:09] {Onix} 5 am over here

[08:09] {nemo} it's after lunch for ksystems

[08:09] {hawkfan4} where are you Onix?

[08:09] {KSystems} *burp*

[08:09] {KSystems} yeah, just finished

[08:09] {Onix} Vancouver, Canada

[08:09] {nemo} na ja...sei geduldig

[08:09] {hawkfan4} Ah, cool

[08:09] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:09] {nemo} und auch gnadig

[08:10] {hawkfan4} whew, was wondering about that

[08:10] {Threei}  :)

[08:10] {Onix} sounds likeAfrikaans nemo?

[08:10] {hawkfan4} scalped 8.85 to 9.19

[08:10] {nemo} nope...but related

[08:11] {Onix} dutch?

[08:14] {cosmo} i'll buy

[08:14] {nemo} Deutsch

[08:15] {nemo} well, my approximation of what I can remember, Ksystems is probably squirming in grammatical disgust

[08:20] {KSystems} by comparing german to africaans?

[08:20] {KSystems} no

[08:20] {KSystems} just ignoring you from now on ;)

[08:21] {KSystems} DRYS blood...

[08:21] {KSystems} news?

[08:22] {nemo} no meine Fahigkeit

[08:22] {hawkfan4} yes, 500 million$ offering of shares, + a downgrade this morning

[08:30] {Threei}  practically doubled shares

[08:31] {larisa} morning

[08:31] {nemo} that's what happens when banks aren't lending-inwestor dilution

[08:31] {Threei}  larisa :)

[08:31] {nemo} larisa :)

[08:31] {larisa} threei, nemo :)

[08:32] {Threei}  INITIAL JOBLESS CLAIMS: 588K V 575KE; CONTINUING CLAIMS: 4.776M V 4.620ME

[08:32] {Threei}  - Prior jobless claims revised from 589K to 585K

[08:32] {Threei}  - Prior continuing claims revised from 4.607M to 4.617M

[08:32] {Threei}  DEC DURABLE GOODS ORDERS: -2.6% V -2.0%E; DURABLES EX-TRANSPORTATION: -3.6% V -2.7%E

[08:32] {Threei}  - Prior Durables revised from -1.5 to -3.7%

[08:32] {Threei}  - Prior Durables Ex Transportation revised from +0.6% to -1.7%

[08:35] {larisa} DRYS is not nice, hope elepet sold 

[08:36] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:36] {larisa} good :)

[08:36] {cujo} g'morning

[08:36] {Threei}  cujo :)

[08:36] {nemo} You ought to try your other arm, Vad...

[08:36] {larisa} good morning cujo

[08:36] {cujo} morning larisa

[08:36] {nemo} dog...

[08:36] {cujo} nemo

[08:37] {Threei}  anyone here is a fan of Lost?

[08:37] {nemo} Hey Hawk...Bruins might actually make some serious noise this year...only been 20 years

[08:37] {nemo} No

[08:38] {hawkfan4} They are looking good.  i'm just glad the Hawks are finally starting to get it together.  It's been a long time since they've been even decent.

[08:39] {nemo} I can empathize

[08:39] {hawkfan4} i am Vad

[08:40] {KSystems} Yes Vad

[08:40] {KSystems} love it

[08:40] {Threei}  :)

[08:40] {Threei}  creators said befofe this season start, they are in answers mode now,

[08:40] {KSystems} but dont spoil me =) recent two seasons havent aired in germany

[08:41] {Threei}  yeaterday's episode, if anything, only adds questions, lol

[08:41] {Threei}  oh, wow

[08:41] {Threei}  that's a bummer

[08:41] {Threei}  IMO, last two are the best

[08:41] {ese} morning

[08:41] {Threei}  ese :)

[08:41] {hawkfan4} hey es

[08:42] {Threei}  they are on internet somewhere I believe KS

[08:42] {Threei}  ad before the episode had url

[08:44] {Threei}  http://abc.go.com/primetime/lost/index?pn=index

[08:45] {Threei}  oh, great

[08:45] {Threei}  only for USA veiwers

[08:46] {nemo} maybe a torrent site

[08:46] {Threei}  but that would be commerial-free

[08:48] {ese} hey hawk.....was down on the floor doing stretching exercises

[08:48] {i2romantis} morning everyone!

[08:49] {Threei}  i2r :)

[08:49] {cujo} morning i2r

[08:49] {hawkfan4} that actually sounds like a good idea es

[08:50] {Threei}  (RU) RUSSIA PM PUTIN REPORTEDLY SETS OIL EXPORT DUTY AT $100.90/TON

[08:50] {Threei}  great... now we have to convert ton to barrel

[08:51] {nemo} The Tsar is back....

[08:51] {nemo} that's like $25 a barrel

[08:52] {Threei}  with abundance of oil on the market, sounds like surefire way to render themselves irrelevant

[08:52] {nemo} or give others ideas

[08:53] {cosmo} why burn oil when you can burn bridges?

[08:53] {nemo} Only temporary cosmo

[08:54] {cosmo} yes... fires eventulaly die

[08:54] {Threei}  I saw Gore on TV yesterday... he told me we are at the tipping point

[08:54] {cosmo} eventually

[08:54] {cosmo} cheers then

[08:55] {Threei}  I expected the sentence to end with "... frm warming to cooling"

[08:55] {Onix} you spoke to Gore on TV Vad?

[08:55] {Threei}  well, they talk to me... sometimes I try to asnwer

[08:55] {Onix} :D

[08:55] {Threei}  but my answers are rarely suitable for women and children

[08:56] {nemo} Yeah, archeologists centuries from now will find him frozen in a glacier

[08:56] {Onix} :O

[08:56] {Threei}  and considering how rich Russian is in swearing department...

[08:58] {Onix} you don't have one of those rubber bricks you can throw at the tV?

[08:59] {Onix} it works better than throwing the remote ... trust me

[09:01] {Threei}  no, I don't go that far

[09:02] {Threei}  swearing at TV is relaxation tchnique to me

[09:03] {nemo} I was at a party once where the guy who owned the place got up and put a 1 wood right through the screen...relaxation I guess

[09:03] {nemo} nice swing actually

[09:04] {cujo} what was showing on the TV that made him that mad?

[09:04] {cujo} and by 1 wood, do you mean a Driver or a 1 iron?

[09:04] {hawkfan4} i'm guessing it was CNBC

[09:04] {cujo} ha ha ha

[09:05] {nemo} I was "rather drunk at the time" to quote a favorite Pom.  I don't remember 1 wood=driver, yes.  Sorry....OLD school.  Nah, twenty years ago.

[09:05] {cujo} ha ha ha.  that is funny.  

[09:06] {nemo} Yeah, good thing I was driving...could barely walk

[09:06] {dino} gm all

[09:07] {nemo} dino :)

[09:08] {dino} gm nemo

[09:09] {Threei}  dino :)

[09:09] {cujo} morning dino

[09:09] {cujo} you make the McDonalds run this morning?

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {elepet} good morning all

[09:11] {nemo} little C&H on FAZ just broke

[09:11] {Threei}  good morning elepet, congratulations on timely DRYS exit

[09:11] {hawkfan4} no kidding, nice job

[09:11] {dino} no cujo, magoo's upset

[09:12] {cujo} :(

[09:13] {dino} sidetracked, daughters' at my office skipping school

[09:13] {cujo} ahh, bring your kids to work day.  

[09:13] {cujo} Dino jr.

[09:13] {ese} am still long DISH  .29 from yesterday....am gonna dump at open

[09:13] {dino} no, he got on the bus

[09:14] {Threei}  12.29?

[09:14] {elepet} thanks. i wasn't sure anyone saw that post. it really was sstrange. 6 minutes before close i sold half. 3 minutes later i had a panic call and sold the rest. not at the price i wanted but enough. whew.

[09:14] {ese} 13.29

[09:14] {cujo} great call el

[09:15] {Threei}  I saw elepet, was happy to see

[09:15] {ese} should have gotten rid of it at .45 to .50 but wasn't near my computor

[09:15] {ese} hanging defeats purpose of the trade ...was just a day trade

[09:16] {cujo} Vad, outside of usual suspects, anything you think we should keep a close eye on this AM?

[09:17] {Threei}  not at this point, I don't see anything trading in unusual enough way to warrant special attention

[09:17] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[09:17] {Threei}  sheesh... magoo, torture is forbidden now, haven't you heard

[09:17] {Threei}  so id self-torture

[09:17] {Threei}  in which you are engaged

[09:18] {dino} well; hell is repetition (storm of the century)

[09:19] {cujo} s qqqq .01

[09:19] {Threei}  as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:19] {ese} the only way that little message could be more annoying is if they put in capitols and highlighted the word "YOU" are not permitted etc etc

[09:19] {Threei}  lol

[09:20] {nemo} Or...they lifted your name and inserted that..

[09:20] {magoo} you are not coming up in floor today vad

[09:21] {Threei}  I am

[09:21] {Threei}  [09:19] {Alert} Threei as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:21] {Threei}  [09:19] {Alert} Threei lol

[09:21] {Threei}  [09:21] {Alert} Threei I am

[09:21] {Threei}  that's from floor

[09:22] {i2romantis} he is, as far as I can tell

[09:22] {i2romantis} maybe config on your end, mag

[09:22] {magoo} not in mine

[09:22] {i2romantis} odd

[09:23] {nemo} Yep...I get vad 5x5

[09:23] {KSystems}                                                                                                                                                                                                                                                                                                                                         whats happening magoo?

[09:23] {KSystems} oops

[09:23] {i2romantis} markets are also odd this morning, opening below the waist

[09:23] {nemo} that's where magoo thinks

[09:23] {nemo} a pimple on his a$$ is a brain tumor

[09:23] {nemo} had to...sorry

[09:25] {magoo} i need help K..but later ok?

[09:25] {KSystems} sure

[09:25] {magoo} vad type sdomethging

[09:26] {Threei}  sdomethging

[09:26] {hawkfan4} lol

[09:26] {cujo} he he he

[09:26] {nemo} type it vad...not copy/paste

[09:26] {Threei}  {magoo} i need help {--- I waited for this admission for years

[09:27] {magoo} ty..weird..fist time flloor been dead..its open ..just says im in that room which is diferent too

[09:27] {nemo} were you sitting down?

[09:27] {magoo} but wanna trade 

[09:27] {magoo} so later

[09:27] {Threei}  skipping first min utes guys, don't see anything trade-ready

[09:29] {i2romantis} my hunch is that DRYS is too low, we'll see

[09:29] {Threei}  could be i2r, it's just first reaction on such dump is violwent,

[09:30] {Threei}  risk is large, and this was not a very safe stock to begin with

[09:30] {i2romantis} true

[09:30] {dino} secondary $500m drys

[09:30] {Threei}  I would prefer very sharp selloff on it, one of those "out of anything remotely reminding sensible"

[09:31] {Threei}  those produce more readable scalps

[09:31] {dino} might be easier to play tbsi, nat

[09:31] {Threei}  or prolonged consolidation, digestion of selling pressujre, then break

[09:32] {Threei}  FAS nice jump

[09:32] {Threei}  watching if it pulls back again to form double bottom

[09:32] {dino} ndx gap 1194, 845, 8083

[09:33] {hawkfan4} nice heads up on DRYS vad, thx

[09:33] {hawkfan4} wow

[09:33] {Threei}  wild one

[09:34] {Threei}  drop to 9.20 will probably be wort a try

[09:34] {Threei}  and FAS to about 11

[09:35] {ese} L SYMC .60

[09:35] {ese} stop .50

[09:36] {ese} out dis by the way at .20 -.09

[09:36] {Threei}  DRYS

[09:36] {ese} DISH

[09:36] {dptl} gm all

[09:36] {Threei}  in .17

[09:36] {Threei}  stop under 9

[09:36] {Threei}  half lot

[09:38] {Threei}  stop to under .10

[09:39] {Threei}  out

[09:40] {ese} Symc stopped 

[09:40] {ese} .01 -.09

[09:41] {ese} thought that it had the moxy to go....

[09:41] {Threei}  wow POZN

[09:41] {i2romantis} DRYS is staying above water while the rest of the market is taking a dive

[09:41] {Threei}  06:06am [POZN] Informed by FDA That Endoscopic Gastric Ulcer incidence continues to be an acceptable primary endpoint

[09:42] {Threei}  yeah, I guess was worth holding a bit

[09:42] {ese} long SEPR .40

[09:42] {Threei}  anyway, if you are still in, start taking profit

[09:42] {ese} full lot

[09:43] {ese} out SEPR .60 +.20

[09:44] {Threei}  good one

[09:44] {Threei}  and qwuick

[09:44] {ese} like quick for sure

[09:45] {Threei}  FAS

[09:45] {cujo} c & h drys?

[09:46] {Threei}  coming into bounce zone

[09:46] {dino} sigi

[09:46] {Threei}  as close to 11 as possible

[09:46] {Threei}  to 11.10, sorry

[09:47] {Threei}  not really on DRYS, cujo

[09:47] {cujo} got it

[09:48] {dino} sqnm

[09:49] {ese} long STX .98

[09:49] {dino} cat hap fill

[09:50] {Threei}  FAS

[09:50] {KSystems} in .05

[09:50] {Threei}  in .05

[09:50] {magoo} .10 here

[09:50] {cujo} .05

[09:51] {Threei}  stop under 10.90

[09:52] {Threei}  come on, that's serious overstretch

[09:52] {Threei}  bounce already

[09:52] {Threei}  grrr

[09:52] {KSystems} stopped here

[09:52] {dino} watching cat, sigi, sqnm, t, mcd

[09:53] {larisa} APOL is only happy one thi smorning

[09:54] {nemo} Mags...go to the bathroom

[09:54] {hawkfan4} watching HIG

[09:54] {magoo} need another cup joe first

[09:55] {Threei}  16 break on HIG hawk?

[09:55] {hawkfan4} .05 for me

[09:55] {magoo} in HIG 16

[09:55] {cujo} got back into fas .83

[09:55] {cujo} out .93

[09:56] {Threei}  wtg

[09:56] {hawkfan4} drys holding nice too

[09:57] {ese} OK Vad need your guidance on STX     had 2 1/2 lots at .98   real quick stop .94 I'm up .02   any thoughts

[09:57] {ese} not had ...have

[09:58] {ese} looks up....

[09:58] {Threei}  no idea es... trades too slow to tell anything

[09:58] {hawkfan4} watching GS for dbl bottom too

[09:58] {ese} tks

[09:59] {nemo} Battle of Hastings moment for FAS

[10:00] {Threei}  DEC NEW HOME SALES: 331K V 397KE

[10:00] {cujo} thanks hawk, caught that bounce for + .10

[10:00] {cujo} GS

[10:00] {hawkfan4} nice :)

[10:00] {Threei}  (-14.7% M/M)

[10:00] {cujo} rimm fast selling

[10:01] {Threei}  HIG looks better now

[10:02] {Threei}  FAS is probably ready

[10:02] {fernp} cover HBAN +.10

[10:04] {ese} out STX .06 + .08 

[10:04] {dino} sm mcd l .50

[10:04] {ese} 2 1/2 lots couple a hyndred bills....nerve racking

[10:05] {KSystems} l FAS .57

[10:05] {ese} don't trade with size like that very often.....

[10:05] {KSystems} out FAS +.10

[10:05] {hawkfan4} in HIG

[10:06] {hawkfan4} stop under .80

[10:06] {dino} cat sm l .00

[10:06] {KSystems} took HIG from .01 to .10 thanks hawk

[10:07] {hawkfan4} np :)

[10:08] {cujo} Hawk in fuego

[10:08] {magoo} i was thinking .43 area exit HIG

[10:08] {hawkfan4} me too mags

[10:09] {magoo} lowest i saw was .88

[10:09] {dino} mstr

[10:10] {dino} axys

[10:11] {magoo} no mkt help hawk

[10:12] {ese} mstr long dino?

[10:12] {dino} no

[10:12] {dino} liking axys for bounce

[10:13] {ese} was looking at LRCX

[10:13] {ese} for bounce

[10:14] {dino} you remind me of bruce es

[10:14] {dino} compliment. he mad me $

[10:14] {ese} purquo?

[10:15] {ese} long LRCX 1/2 .24

[10:15] {dino} lrcx pretty good miss

[10:16] {dino} wynn good drop, coming into 5 day support

[10:16] {Threei}  COCO 52 weeks highs

[10:17] {ese} if QQQQ heads up i may stay with LRCX....but i might have missed the momentum

[10:18] {dino} trade the plan es

[10:19] {ese} ya...good point stop is at .10

[10:19] {Threei}  SQNM

[10:19] {Threei}  CEO: BELIEVES SELL OFF TODAY ATTRIBUTED TO REPORT OF A FALSE POSITIVE IN DATA RELEASED YESTERDAY - CNBC COMMENTS

[10:21] {dino} sort of like a preg scare

[10:21] {hawkfan4} definitely no lose on HIG now

[10:21] {dino} real$ saying same 3i

[10:21] {ese} stopped LRCX .07

[10:22] {ese} -.17 on 1/2

[10:22] {ese} auchhhhhh du myaa!!!

[10:23] {cujo} l MCD .44

[10:24] {ese} looks good on pullback cujo

[10:24] {ese} could be triple botom

[10:25] {magoo} long Q .85

[10:25] {magoo} .74 stop[

[10:25] {magoo} kickin HIG

[10:25] {magoo} taking too long

[10:26] {hawkfan4} GS 85.10 break should help

[10:26] {hawkfan4} nice

[10:26] {magoo} wow..nice kick

[10:26] {cujo} out mcd .50

[10:26] {Threei}  hig looks to me a better play as entries on those gut-wrenching pullbacks and sell into spikes

[10:27] {ese} good one cujo

[10:27] {cujo} thanks ese

[10:27] {magoo} id say it applies to all today vad

[10:27] {Threei}  yes mags, I mean as in multiple plays vs. hold

[10:28] {magoo} mkts a biut overbought here...4 days up...weak volume

[10:28] {magoo} bit

[10:28] {magoo} risk is  to downside

06[10:29] * dino slaps magoo around a bit with a large trout

[10:29] {Threei}  APOL and COCIO non-stop

[10:29] {magoo} what for ding dong?

[10:29] {Threei}  I wonder if CECO want to play catch-up

[10:29] {dino} exp week, gaps almost filled, -140 dji, short is risky imo

[10:30] {dino} probabilities

[10:30] {larisa} CHK no pullbacks too 

[10:30] {dino} wynn sm l .50

[10:31] {magoo} news APOL vader?

[10:31] {dino} n.gas -186 bcf

[10:31] {Threei}  no... general strength in education sector

[10:32] {magoo} ill go get some bananas to dangle over coco "the monkey" if u choose to enter

[10:33] {dino} cpla not following, watching it

[10:33] {ese} L SEPR .18 3/4

[10:34] {Threei}  here comes anohtre one of those HIG pullbacks

[10:34] {Threei}  quick .24 - .38 scalp

[10:35] {hawkfan4} 1/2 out .44

[10:35] {ese} out SEPR .36 +.18

[10:36] {dino} gj

[10:36] {ese} tks

[10:37] {cujo} Vad, missed the HIG, would you get back in on another pullback to .20s?

[10:37] {Threei}  can't tell in advance cujo

[10:37] {Threei}  it's kind of tick by tick read

[10:37] {KSystems} in current uptrend could be around .30 as well?

[10:37] {magoo} anyone take Q call? let it trade

[10:37] {magoo} should see 30

[10:37] {Threei}  right KS

[10:37] {cujo} ok

[10:39] {dino} larisa close +150ish

[10:40] {larisa} i like optimists :)

[10:40] {dino} next week i'll switch sides

[10:41] {hawkfan4} .40 stop for the rest of HIG

[10:41] {dino} cpla may try to catch up w/esi coco, apol on break of .00

[10:42] {Threei}  HIG is break-ready

[10:44] {KSystems} got +.10 on HIG thanks vad

[10:45] {Threei}  :)

[10:46] {KSystems} s hl LBTYA .74 stop @.96

[10:47] {dino} axys sm l .78

[10:47] {Threei}  sheesh... can you believe FAS?

[10:49] {Threei}  HIG

[10:49] {Threei}  watch pullback

[10:49] {Threei}  won't be possible to call on the go most likely,

[10:50] {Threei}  what you want to see is this instant teleportation 10-15 cents lower

[10:50] {Threei}  pause for entry, then quick ramp back up to dump into

[10:51] {Threei}  GS

[10:51] {Threei}  TO REPORTEDLY SELL 10 YEAR NOTE NOT BACKED BY FDIC - UNCONFIRMED REPORT

[10:51] {KSystems} s hl AFG .17 stop @.39

[10:52] {dino} apei joining ed stocks move

[10:54] {ese} L CENX .70 

[10:55] {dawg} thanks magoo got .30

[10:55] {dawg} Q's

[10:56] {magoo} nice dawg..welcoime

[10:56] {dawg} ).

[10:57] {hawkfan4} sold rest hig .53, getting sleepy staring at it

[10:57] {fernp} cover MWV +.12

[10:57] {dino} gj

[10:57] {magoo} out too .50 hawk

[10:58] {ese} indeed nice doughggg

[10:58] {hawkfan4} nice mags

[11:05] {dino} axys stopped -.38

[11:05] {Threei}  FED TO PURCHASE AGENCY DEBT TOMMOROW

[11:05] {Threei}  {FNM FRE}

[11:08] {Threei}  HIG is practically indifferent to market selling here

[11:12] {Threei}  aiming for 17

[11:15] {dptl} grabbed .75 to .95 hig

[11:15] {Threei}  :)

[11:16] {KSystems} s IYW .92 stop @.02

[11:17] {dino}  stuck in tight range

[11:17] {dino} markets that is

[11:18] {larisa} dino, took several CAT scalps .10 -.25. ranging nicely. you still in ?

[11:21] {dino} gj larisa, yes, feeling .60s

[11:22] {dino} nice base tho, you may have the better idea

[11:22] {dino} markets coiling, big move coming

[11:23] {nemo} yeah, but which way ino

[11:23] {larisa} too close to 52W low. I am watching for CAT to break down. pessimist here :)  

[11:23] {larisa} but want it to hit .60 first for you :)

[11:23] {dino} lol

[11:23] {Threei}  WFC

[11:23] {Threei}  HEARING VAGUE CHATTER CIRCULATING OVER POSSIBLE SPOT SECONDARY OFFERING

[11:23] {nemo} not you too Larisa

[11:24] {dino} if markets get a bid, it will to, otherwise.......

[11:24] {Threei}  HIG seems to be done for now

[11:24] {Threei}  scalps on bounces, but no more new highs for a while

[11:25] {Threei}  PALM, something started happening here

[11:26] {nemo} There's somethin' happenin' here...what it is ain't exactly clear...

[11:30] {nemo} FAS vad?

[11:30] {Threei}  one more leg down would be nice

[11:31] {nemo} volume hasn't capitulated?

[11:31] {ese} see you all in about 1 1/2 hrs

[11:31] {Threei}  it generally tends to go a bit more just when it seems to be ready to reverse

[11:32] {Threei}  take care ese

[11:36] {hawkfan4} PALM

[11:37] {Threei}  I don't see news

[11:37] {Threei}  but something was breweing

[11:37] {cujo} that is me covering my short

[11:37] {hawkfan4} me either.  got .96

[11:38] {cujo} :)

[11:38] {hawkfan4} and missed that spike, doh

[11:39] {Threei}  that was speed of light

[11:39] {Threei}  but continues climbing

[11:39] {hawkfan4} i move more at the speed of syrup

[11:40] {Threei}  US HOUSE SPEAKER PELOSI: LOOKS FORWARD TO ANY REVISIONS CONDUCTED BY SENATE ON FINANCIAL BILL PASSED YESTERDAY

[11:40] {KSystems} IYW out 1/2 +.01

[11:40] {KSystems} blah

[11:40] {KSystems} +.10

[11:41] {larisa} :)

[11:43] {Threei}  holding well

[11:43] {Threei}  .20 and then .30 break should sky-rocket it

[11:44] {Threei}  unless it's some kind of stupid rumor that gets denied quickly

[11:44] {magoo} what stok vad?

[11:44] {cujo} palm

[11:44] {magoo} ty

[11:45] {KSystems} AFG out half +.22

[11:45] {hawkfan4} yeah, torn on selling, sold .14, but want it back

[11:46] {Threei}  GEORGE SOROS: EURO MAY NOT SURVIVE WITHOUT GLOBAL PLANS TO DEAL WITH ECONOMIC CRISIS

[11:49] {Threei}  if not for this decreasing volume on daily, I would confidently say PALM is looking for 9

[11:49] {hawkfan4} back in .12 avg

[11:50] {dino} soro is short the euro obviously

[11:50] {nemo} Vad's short the euro

[11:51] {magoo} and nemo's just plain short 

[11:51] {nemo} stuck my chin out on that one

[11:51] {Threei}  I am pretty sure euro is in grave danger

[11:51] {dino} lol

[11:51] {Threei}  .20 is taken

[11:52] {dino} could be vad, of course the $ was too a few months ago. cycles imo

[11:52] {Threei}  well... euro has additional risks that $ doesn't

[11:52] {KSystems} in PALM

[11:52] {nemo} yeah...how many countries?

[11:52] {dino} yes, members may get out

[11:53] {Threei}  right... EU cohesion is a big risk factor

[11:53] {nemo} no, germany will want to get out...euro=deutschmark

[11:53] {nemo} stimmt herrn K?

[11:55] {magoo} restroom indicator still in force

[11:55] {dino} t getting interesting

[11:55] {magoo} represents UP

[11:56] {magoo} long MCD .35

[11:56] {Threei}  remember NURO mentioned around 1.30?

[11:57] {hawkfan4} GS cup/handle 85-85.10 break, extra risky

[11:57] {cujo} b MCD .36

[11:58] {magoo} half out here cujo LOL

[11:58] {cujo} ;)

[11:58] {dino} roflol

[11:58] {hawkfan4} vad, u in NURO?  Was looking at it yesterday, it's nonstop

[11:59] {Threei}  no... took at at .33 when mentioned but sold .5 something

[11:59] {Threei}  looks aiming for 2 at least now

[12:01] {KSystems} palm stop is {.10 ?

[12:01] {Threei}  I guess... it's hard to place stop on momo movers, technicals do not really apply... but gotta have it somewhere

[12:02] {KSystems} IYW out 1/4 more +.20

[12:02] {Threei}  nice

[12:02] {hawkfan4} yeah, mine's under 8, see what happens if it gets there

[12:02] {larisa} gj KS

[12:02] {cujo} stopped mcd

[12:02] {KSystems} thanks

[12:02] {hawkfan4} don't want to end up married to my palm ;})

[12:02] {KSystems} stopped PALM

[12:03] {Threei}  FAS is getting spmewhere now

[12:03] {hawkfan4} HIG big pullback

06[12:06] * KSystems is listening to Yes - Changes

[12:06] {KSystems} encountered it a few days ago, this is a big one

[12:06] {KSystems} before you pick on my age Vad, I knew it before, just FOUND it again

[12:06] {nemo} My God...I remember when the first came out!

[12:07] {nemo} Mood for a Day

[12:07] {elepet} PALM...is anyone in it now? i'm in at 8.00

[12:07] {Threei}  KS, that won't help you much... I am going to pick up on you anyway, simply because that's what I do

[12:07] {hawkfan4} i am elepet, 8.12, scalped it once already

[12:08] {KSystems} thats just my foolish optimism

[12:09] {dino} pearl jam here ks

[12:10] {magoo} this has got to be 1 of your hardest weeks vad

[12:10] {nemo} playing "Over the Hills and Far Away" here

[12:10] {Threei}  in quite a while, yes

[12:12] {hawkfan4} trying HIG .25, stop .19

[12:12] {dino} evenflow nemo

[12:13] {dino} but it's a 90s alt. rock station so changes

[12:13] {dino} sm t l .65

[12:13] {Threei}  should be good for above .40 if market doesn't die hawk

[12:15] {hawkfan4} thx, i'll take it. GS needs to stop dying b4 the market rallys imo

[12:17] {hawkfan4} stopped HIG

[12:17] {KSystems} sm l ALK .59 stop @.38

[12:21] {magoo} very confusing mkt here

[12:22] {magoo} thought crash coming....now seems like trying

[12:24] {nemo} ascending triangle on FAS?

[12:26] {dino} it's a winnie the poo market, very confusal

[12:30] {KSystems} ALK half out +.21

[12:37] {magoo} someone wake vad..mkt moving

[12:37] {Threei}  where?

[12:37] {magoo} Q rIMM GS MCD

06[12:37] * KSystems slaps Threei around a bit with a large tape

[12:38] {dino} gj ks

[12:38] {KSystems} ty dino

[12:38] {Threei}  FAS is honestly trying

[12:40] {Threei}  not very successfully though

[12:40] {Threei}  so... where is it market moving?

[12:41] {larisa} I like this guy who is selling his system on CNBC:) claiming he made 100+K a day trading live in NY in front of customers. Offering his system for free, just s&h :) Why does he even bother to sell anything, just make 100K a day and be happy.

[12:41] {KSystems} ALK out rest +.10

[12:41] {magoo} [12:40] {Threei}  so... where is it market moving?

[12:41] {magoo} false alarm...again sigh

[12:42] {magoo} go back to sleep..ill wake u if

[12:42] {Threei}  I can go back to sleep?

[12:42] {Threei}  cool

[12:42] {larisa} no, talk to us

[12:42] {Threei}  I just don't want to jump on each tick

[12:42] {Threei}  they all get faded both directions

[12:43] {dino} kid rock

[12:43] {KSystems} AFG out 1/4 more +.44

[12:44] {Threei}  KS is killing it

[12:44] {KSystems} should have done this way earlier probably...

[12:44] {dino} nice

[12:55] {Threei}  (US) SENATOR SCHUMER (D): EXPERTS SAY "BAD BANK" COULD COST $1-4T

[12:55] {KSystems} LBTYA out half +.22

[12:55] {Threei}  there you go

[12:55] {Threei}  whole rally was based on hope for that bad bank

[12:58] {fernp} cover QQQQ +.10

[12:58] {dino} dji gap filled

[13:02] {Threei}  siting it out

[13:03] {Threei}  no way to tell whether we get worhy bounce or just crash'

[13:09] {Threei}  PALM is more or less holding

[13:21] {Threei} Long Setup:  GG  .40

[13:21] {Threei}  if stays above .30

[13:31] {Threei}  V?

[13:32] {Threei}  what's with this dog?

[13:32] {KSystems} l NJR .83 stop @.68

[13:33] {Threei}  HOUSE REP WAXMAN: EXPECT TO INTRO NEW TOBACCO REGS WITHIN WEEKS

[13:33] {Threei}  welcome to big nanny state

[13:35] {dino} yes.

[13:35] {dino} worse, the gov't subsidizes the tobacco growers, then taxes the manufactiueres. makes alot of sense...not

[13:35] {dino} manufacturers

[13:37] {Threei}  we nationalize banks and failed businesses, decide what you smoke, what you eat, what you earn, whether you can possess a gun... I am right back to USSR

[13:37] {dino} gets worse every year

[13:37] {cujo} see ya all.  Going to call it a day. 

[13:37] {cujo} catch you in the morning

[13:38] {Threei}  take care cujo, I don't think you'll miss much, lol

[13:38] {cujo} :)  HOpe not. 

[13:38] {dino} cya

[13:38] {dino}  brb

[13:38] {magoo} bye cujo

[13:38] {KSystems} NJR stopped -.17

[13:46] {magoo} gun to head...UP

[13:47] {nemo} Mow!

[13:47] {magoo} u in MOW?

[13:48] {nemo} No, you said gun to head, made me think of the vietnamese guy in Deer Hunter

[13:51] {KSystems} LBTYA out 1/4 more +.44

[13:53] {Threei}  not good KS

[13:53] {KSystems} ???

[13:53] {Threei}  market suffers... you should suffer with it

[13:53] {KSystems} oh

[13:53] {nemo} duck KS

[13:54] {KSystems} does it help saying its just on paper?

[13:54] {larisa} it is ?

[13:54] {KSystems} yes

[13:54] {KSystems} you didnt trade it did you?!

06[13:54] * larisa slaps Threei around a bit with a large trout

[13:54] {Threei}  hmmm... what was that for?

[13:55] {larisa} i am bored :)

[13:55] {Threei}  oh

[13:55] {Threei}  that's valid reason to slap people in your opinion?

[13:55] {larisa} it is

[13:55] {Threei}  okay then

[13:55] {nemo} wonder what's i her closet?

[13:56] {Threei}  AKM 47 I suspect

[13:57] {nemo} what's the "M" stand for?

[13:57] {KSystems} only suitable for "male" targets nemo

[13:58] {Threei}  modernized

[13:58] {nemo} Automat Kalishnikov, I just don't know what the M stands for.  She'd probably be better off with the '74

[13:58] {nemo} oh

[13:59] {Threei}  http://world.guns.ru/assault/as01-e.htm

[14:00] {magoo} im running into restrm nnow to help mkt

[14:00] {Threei}  I am hesitant to make a call on it, but PALM feels like something is ahead still

[14:04] {Threei}  if not for the general market conditions... 9 is the least it could do

[14:04] {Threei}  most likely more

[14:05] {elepet} i'm still in from 7.96 anad it feels strong for some reason.

[14:05] {Threei}  very

[14:05] {Threei}  S) SENATOR DODD (D): PRESIDENT AND FDIC MAY ANNOUNCE NEW ASSISTANCE FOR HOMEOWNERS AS SOON AS NEXT WEEK

[14:05] {Threei}  - says Obama may ask for more TARP funding beyond $700B, but would have to make a strong case for it.

[14:05] {Threei}  heh

[14:09] {Threei}  the way PALM trades makes me think some news is coming, and we see a result of leak

[14:10] {elepet} it actually has been going up steadily for the past couple of weeks.

[14:11] {Threei}  original gap and run was news

[14:13] {Threei}  01/23/09 12:37pm

[14:13] {Threei}  [PALM] Palm, Inc Best Buy Mobile Exec: We are holding talks to sell Palm's Pre smartphone, not yet ready to announce retail deal

[14:13] {Threei}  - says also in discussions with Sprint

[14:13] {Threei}  maybe these talks are getting somewhere

[14:15] {hawkfan4} had to run out for a bit, glad i survived PALM 

[14:17] {dino} what were you doing?

[14:17] {magoo} try hand lotion hawk

[14:18] {Threei}  meanies

[14:18] {hawkfan4} :) lol, i stepped right into my own trap

[14:18] {nemo} glad I wasn't...nevermind

[14:18] {dino} lol

[14:19] {elepet} I'm getting hungry. Please babysit PALM while I'm gone.

[14:19] {Threei}  just in case, lut in sell order at 8.95

[14:19] {magoo} im up 17 dollar menu cheeseburges here

[14:19] {elepet} good idea

[14:20] {Threei}  who knows wat happens while you are out... would be a shame to return to see it ran and droped

[14:21] {Threei}  VP BIDEN: CHINA MUST PLAY BY THE RULES LIKE ALL OTHER MAJOR PLAYERS

[14:21] {Threei}  sigh

[14:21] {dino} biden, please shut up

[14:22] {dino} the v.pres. should be seen and not heard

[14:22] {Threei}  GERN some activity

[14:23] {cosmo} PALM needs to hold

[14:23] {cosmo} or its a double top

[14:23] {cosmo} imho

[14:24] {cosmo} 8

[14:25] {Threei}  holding 8 and returning to high would be C&H

[14:25] {dino} vsec

[14:26] {hawkfan4} tomy

[14:26] {cosmo} palm needs a handle tho

[14:27] {dino} vsec was the -20 mover last week on contract loss

[14:28] {hawkfan4} news on it

[14:28] {dino} 389m contract 2 yr win

[14:29] {KSystems} LBTYA rest out +.25

[14:29] {hawkfan4} yep, have briefing on a diff computer right now, can't post

[14:29] {magoo} any read GS HAWK?

[14:29] {Threei}  some encouraging talk here:

[14:29] {Threei}  WHITE HOUSE PRESS SECRETARY GIBBS: Q4 GDP DATA TOMORROW COULD BE "STAGGERING"

[14:29] {Threei}  - note: Q4 advance GDP data due out at 8:30amET Friday (this is the first of three readings on Q4 GDP)

[14:30] {hawkfan4} gut is it recovers some, long over 84.30 should get it going

[14:30] {magoo} TY bud

[14:30] {dino} these politicians are idiots. like anybody expects good gdp #s

[14:30] {hawkfan4} np, i'm watching it

[14:30] {Threei}  GERN... on daily, 7.50 is important resistance to break

[14:34] {hawkfan4} HIG trying off .50

[14:37] {hawkfan4} nice VSEC dino, took 100 shrs 27.72, thx

[14:37] {dino} gj

[14:41] {KSystems} AFG out rest +.36

[14:43] {Threei}  laserdave, dcc

[14:49] {dino} ks in the zone today, gj

[14:50] {Threei}  yeah, KS and hawk are truly irritating today

[14:50] {larisa} lol

[14:50] {Threei}  :)

[14:50] {hawkfan4} hey! :)

[14:50] {dino} lol

[14:50] {hawkfan4} every dog has his day

[14:50] {KSystems} hey thank you

[14:51] {KSystems} was about time though

[14:51] {Threei}  and the only reason it bothers me is that it's usually my place, pleasure, right and privilege to irritate people

[14:51] {Threei}  I am good at it... and now I feel competition

[14:52] {KSystems} difference is, vad, YOU dont have to be profitable to be irritating

[14:52] {hawkfan4} lol

[14:52] {larisa} rofl!

[14:52] {Threei}  yeah, it comes to me naturally

[14:52] {Threei}  kind of built-in feature

[14:53] {larisa} sometimes you guys can be funny..

[14:53] {Threei}  funny - sometimes... iriitating - aleays. That's my credo

[14:55] {KSystems} s hl FLIR .13 stop .26

[14:56] {hawkfan4} PALM trying for the handle

[14:57] {Threei}  unless market ruins it... volume shaped up for the cup

[15:03] {Threei}  GERN

[15:03] {Threei}  how about that

[15:03] {magoo} u in PALMN?

[15:04] {KSystems} FLIR stopped -.13

[15:04] {Threei}  ashamed to say, yes

[15:04] {magoo} where?

[15:04] {Threei}  anyone took GERN on break?

[15:04] {Threei}  right here mags

[15:04] {Threei}  8.01

[15:04] {tomg} i did vad

[15:04] {Threei}  cool beans tom

[15:04] {tomg} still have 100

[15:05] {Threei}  if protected most of profit, I wouldn't care about 100

[15:05] {tomg} ok

[15:05] {Threei}  7.40 is clean support

[15:06] {Threei}  let it trade with stop under .40 for that last 100

[15:06] {tomg} ok, ty

[15:07] {Threei}  just don't chase it anyone

[15:07] {nemo} I miss anything the last 5 minutes...power out

[15:08] {Threei}  it's not on the stage of the move where chasing is allowed

[15:08] {nemo} what stock, Gern

[15:08] {nemo} Hey KS, you like "Gern"?

[15:08] {KSystems} sigh

[15:08] {Threei}  yes nemo

[15:09] {nemo} sorry k

[15:09] {KSystems} *G*

[15:09] {KSystems} i was wondering who'd be the first to ask

[15:11] {nemo} they'd have to have some background

[15:18] {hawkfan4} GS waking up a bit

[15:19] {magoo} u in?

[15:19] {Threei}  stage

[15:19] {Threei}  huh

[15:19] {magoo} [15:18] {hawkfan4} GS waking up a bit

[15:19] {hawkfan4} not yet, want decisive move over 84 area, keeps getting hammered down

[15:24] {nemo} Charlie Gasparino let go an "Fbomb" on CNBC?

[15:24] {dino} lol

[15:25] {nemo} tp://vodpod.com/watch/1321036-gasparinos-f-bomb-its-a-stupid-fucking-gasp-then-pause-its-a-stupid-debate-?pod=misstrade

[15:26] {dino} i guess cnbc will use that for the reason the markets dropped today

[15:26] {nemo} His last day on the job...at the end of the segment you hear, "Hello, YouTube."

[15:27] {nemo} financials dumping but palm holing...so far

[15:28] {Threei}  ag

[15:28] {Threei}  never mind

[15:29] {nemo} frustrating...huh Vad?

[15:29] {Threei}  ?

[15:29] {nemo} the day

[15:29] {Threei}  not really

[15:29] {nemo} o.k.

[15:29] {Threei}  just sitting out days when I am cold as cucumber

[15:30] {nemo} So...is palm on a cliff, or a springboard?

[15:30] {Threei}  trading for many years, you don't put much significance in any given day

[15:31] {Threei}  look at FAS

[15:32] {nemo} cliff

[15:33] {dino} s/p gap filled

[15:38] {nemo} love this on the market"

[15:38] {nemo} Were seeing a bit of indigestion, said Larry Dyer, a U.S. interest-rate strategist with HSBC Securities (USA) in New York, one of 17 primary dealers that are required to bid in Treasury auctions. Its a mini bear market, and were underwriting in it.

[15:39] {nemo} mini-bear market

[15:42] {hawkfan4} wow, hig dump

[15:43] {Threei}  NY INSURANCE REGULATOR DINALLO: PLANS TO VOTE AGAINST LIFE INSURANCE RELIEF AS MAY NEGATIVELY IMPACT POLICYHOLDERS

[15:43] {Threei}  {LNC HIG MET GNW}

[15:45] {larisa} who said yesterday  HIG goes to 21 nonstop ??? 

[15:45] {nemo} I dunno'?

[15:45] {larisa} the one with 3 eyes

[15:46] {nemo} geez larisa...talk about kickin' a guy when he's down!!!

[15:47] {nemo} I don't think an AK is the only thing untoward she has in her closet

[15:47] {larisa} he is not down :)

[15:47] {Threei}  [13:28] {Threei} frigin HIG will never stop

[15:47] {Threei}  [13:28] {Threei} ever

[15:47] {Threei}  [13:28] {Threei} it will just go to 19... 20...21...

[15:47] {larisa} see ? :)

[15:47] {Threei}  :)

[15:47] {larisa} I never trust men again, even vad

[15:48] {nemo} masochist/sadist

[15:48] {Threei}  right... my today's take is:

[15:48] {Threei}  HIG will never recover

[15:48] {Threei}  ever

[15:48] {Threei}  it will drop to 15...14...13...

[15:48] {larisa} ahha

[15:48] {nemo} Oh, well, if it weren't for women, we'd still be in the frickin' Garden of Eden!!!

[15:48] {larisa} not you nemo..

[15:49] {nemo} stuck my chin out again

[15:49] {dptl} gn all

[15:49] {Threei}  take care dp

[15:49] {nemo} me to bye!

[15:49] {dino} cya dp

[15:49] {larisa} bye :)

[15:49] {Threei}  wow GERN

[15:50] {Threei}  PALM absorbed an awful lot of selling here

[15:50] {nemo} yeah, in the market downswing

[15:51] {nemo} bye folks

[15:51] {elepet} decision time PALM...take $10 profit or hold?

[15:51] {larisa} lol

[15:51] {Threei}  take care nemo

[15:51] {Threei}  elepet... my suggestion:

[15:51] {KSystems} bye nemo

[15:52] {dino} looking as if the funds don't have the funds to mark up any more. the pattern is broken

[15:52] {Threei}  take position small enough not to hurt if something bad happens

[15:53] {Threei}  if it shows more strength tomorrow, you will have ample opportunity to add

[15:53] {dino} cya nemo

[15:53] {Threei}  FAS death was anything but painless

[15:54] {elepet} i have 1000 shares from 7.97.  tendancy is to hold.

[15:54] {Threei}  if it can gnaw through 8 before close, would be a nice encouragement

[15:55] {dino} well thats what you get w/cramer ranting all day yesterday to not fight the fed

[15:55] {Threei}  guy is amazing

[15:55] {Threei}  lookie lookie PALM

[15:56] {dino} i wish they would just say; "let the markets work it out, no more $"

[15:56] {Threei}  no chance

[15:56] {Threei}  they are determined to fix it

[15:57] {elepet} guess i'm holding.

[15:57] {KSystems} IYW out rest +.55

[15:57] {Threei}  wtg ks

[15:57] {KSystems} ty :)

[15:58] {dino} wtg ks good job

[15:58] {KSystems} lucky...

[15:58] {dino} lol

[15:59] {Threei}  hawk... see NURO?

[15:59] {dino} out cat -.09, out t +.10

[16:00] {hawkfan4} yes, bot a little .76 ;) couldn't stand it anymore

[16:00] {Threei}  lol

[16:00] {Threei}  ok gys, thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {hawkfan4} nite all

[16:00] {larisa} good night

[16:01] {fernp} good nite all

[16:01] {patience} goodnight guys, another good day in gold  :)

Jan 28 2009

Somewhat tiresome day. One of those where you have the right read on the market yet hard time utilizing it. Only toward to end of the day things started working out and gave a few nice trades on HIG, FAS, RIMM, DRYS

Session Time: Wed Jan 28 00:00:00 2009

[07:29] {hawkfan4} 'ally

[07:31] {Threei}  "bad bank" inspired?

[07:31] {hawkfan4} that and i think europe and asia up nice

[07:32] {hawkfan4} haven't had enough coffee yet 

[07:32] {Threei}  that's wrong 'rally

[07:32] {Threei}  IMO

[07:32] {Threei}  will fizzle out

[07:32] {Threei}  but who cares... we will take it while it lasts

[07:33] {hawkfan4} think so too, fed day, who knows

[07:33] {Threei}  yeah, and mainly... I just don't think any rally led by financials is going to last

[07:34] {Threei}  recovery in real economy, reversal in job market etc is what needed,

[07:34] {Threei}  thus rally led by techs, yeah, yhat I believe

[07:35] {Threei}  and other stuff like that,

[07:35] {Threei}  stocks that forecast recovery in their respective sectors in real economy

[07:36] {hawkfan4} someday they'll show their hand, but i agree, the financials are a fade at some point

[07:38] {hawkfan4} need more coffee, back in a few

[07:52] {nemo} Gruess dich!

[07:56] {Threei}  nemo :)

[07:58] {nemo} Wie geht's heute (nachmittag?) Jung?

[07:59] {Threei}  umm... who are you talking to? :)

[08:00] {nemo} Oh yeah, it wasn't K that responded.  Morning vodka pick-me-ups might not be a good idea.

[08:00] {nemo} Vad :)

[08:01] {nemo} Oh, the Post Office tried to deliver the  BVO yesterday...to my next door neighbor....

[08:01] {Threei}  lol

[08:02] {Threei}  BAC is trying

[08:02] {hawkfan4} ugg, still looking at my order for BAC at 7.39 that i didn't send

[08:03] {Threei}  C is knocking against 4.30

[08:03] {nemo} Yeah, I heard financials took off last night on talks of the bank

[08:05] {KSystems} hi nemo ;)

[08:05] {Threei}  01/27/09 05:04pm

[08:05] {Threei}  (US) US bad bank plan may be announced next week - CNBC's Liesman

[08:05] {Threei}  - Also reports sources say a bank insurance plan similar to the arrangements given to BoA and Citi is in the works, though sources say it will not be "systematic."

[08:05] {Threei}  - Follow Up as of 11:54 PM EST: Reportedly, the FDIC's Chairman Bair wants to run the bad bank.

[08:05] {Threei}  - Reminder: Senator Dodd confirmed earlier that the Obama Administration is mulling a "bad bank" solution

[08:05] {nemo} K :) guten Nachmittag.

[08:07] {nemo} RIMM not doing too badly either

[08:10] {hawkfan4} morning nemo, all

[08:10] {hawkfan4} BAC .70 break Vad?

[08:11] {Threei}  well... as much as technicals can be trusted premarket

[08:11] {hawkfan4} :) true

[08:11] {Threei}  look at DRYS

[08:12] {Threei}  C chewed through .30... and stalled

[08:13] {Threei}  trying now

[08:14] {Threei}  BALTIC DRY BULK INDEX +1%

[08:15] {Threei}  FAS is up big

[08:16] {Threei}  one of the ways to play financial sector

[08:17] {nemo} Maybe can pay for the Bahamas toay :)

[08:17] {nemo} today

[08:17] {Threei}  FAS is FINANCIAL BULL 3X

[08:17] {hawkfan4} yep, FAZ 3X bear

[08:17] {nemo} Yeah, watch FAS regularly, and it's small cap brother TNA (gotta' love the call letters)

[08:17] {hawkfan4} TYH 3X tech bull

[08:18] {nemo} ERX, ERY energy

[08:18] {nemo} hawk-from Chicago?

[08:19] {hawkfan4} yessir

[08:19] {hawkfan4} where are you?

[08:19] {Threei}  WFC, mama mia

[08:19] {nemo} Hull, Esposito, Makita

[08:19] {nemo} Boston

[08:19] {hawkfan4} Orr

[08:19] {nemo} or was Hull Detroit? getting ol

[08:20] {hawkfan4} Borque

[08:20] {nemo} Yeah, I grew up watching Orr...absolute Magician

[08:20] {hawkfan4} Bobby Hull chicago

[08:20] {nemo} Bourque was such a stalwart class act.  When he won the cup with Colorado, he brought it to Boston to share with the fans.  He settled here

[08:21] {hawkfan4} yeah, i liked him

[08:21] {nemo} on a market note...so, does everything rocket out of the gate, or do we get the proverbial "pull back"?

[08:22] {Threei}  yes

[08:22] {nemo} helpful

[08:22] {nemo} definite maybe I see

[08:24] {Threei}  we are getting first pullback since 8 am in financials

[08:25] {Threei}  if we get so lucky to see C 10-15 cents lower, worth considering

[08:25] {Threei}  BAC, 20-25 cents

[08:28] {nemo} larisa :)

[08:28] {larisa} good morning :)

[08:28] {Threei}  larisa :)

[08:28] {larisa} nemo, vad :)

[08:29] {elepet} good morning all

[08:29] {Threei}  elepet :)

[08:30] {Threei}  not much of pullback so far

[08:31] {Threei}  maybe double top and finally some dip

[08:33] {Threei}  if C holds .45 and breaks .52, that would be little C&H

[08:33] {cujo} morning 

[08:34] {Threei}  cujo :)

[08:35] {cujo} started watching the swing trading video last night.  

[08:35] {cujo} picture of your trading room is funny. 

[08:35] {Threei}  why?

[08:35] {cujo} its the picture of you in what looks like an old submarine...

[08:36] {Threei}  hmm?

[08:36] {cujo} the fake picture in the beginning...

[08:36] {Threei}  I am lost

[08:36] {larisa} time to rewatch your own course :)

[08:36] {Threei}  there is no picture of me in swing trading video as far as I know

[08:37] {larisa} scalp course

[08:37] {cujo} sry.  In the beginning there is a fake photo.  You have a cut out of you on top of some old picture of what look slike a war room or something...  

[08:38] {Onix} Good morning all :)

[08:38] {cosmo} YHOO active at premkt high

[08:38] {Threei}  onix, cosmo :)

[08:38] {cosmo} 12.12

[08:38] {cosmo} 3i:)

[08:40] {Threei}  double top scenario so far

[08:41] {Threei}  cujo... why fake... that's my actual trading environment

[08:41] {cujo} really?  nice...

[08:43] {larisa} and i am Marilyn Monroe

[08:44] {Threei}  carefull... I am very gullible

[08:44] {nemo} doing well from the grave Larisa...

[08:44] {larisa} lol

[08:46] {hawkfan4} BAC getting there

[08:46] {Threei}  C too

[08:51] {nemo} How's ele's "pet" doing?

[08:51] {magoo} morning

[08:51] {Threei}  magoo :)

[08:51] {nemo} mag :)

[08:52] {dino} gm all, here come the 800 point markups (3 days to go)

[08:52] {Threei}  dino :)

[08:52] {Threei}  I see dino won mirc war... magoo is still in combat

[08:52] {nemo} dino :)

[08:52] {cujo} morning magoo, dino

[08:52] {dino} we'll see tomorrow

[08:52] {nemo} dog :)

[08:52] {magoo} sigh

[08:52] {dino} lol nemo

[08:53] {nemo} c'mon Mags, suck it up!

[08:53] {cujo} morning nemo

[08:53] {Threei}  this could be one of those openings when DRYS does its thing

[08:53] {magoo} u pushing your luck lil man {soup nazi to george}

[08:54] {nemo} don't pick on me because I'm short...

[08:54] {nemo} I have a complex

[08:55] {magoo} ahhh nemo..5'1 isnt short he he

[08:55] {nemo} yeah, but it was the perfect height when I hugged my six foot girlfriend

[08:55] {hawkfan4} lol

[08:55] {magoo} UHHHHHH

[08:56] {elepet} old pet gone(gern). not reliable. new pets  dsx and old faithful drys. holding from yesterday. both up  alot this morning.

[08:56] {dino} vprt?

[08:58] {dino} another 5" of snow and still falling. getting tiresome

[08:58] {magoo} where u live dino?

[08:59] {nemo} yeah' we're getting whacked by another bout of white global warming...errr...climate change

[09:01] {hawkfan4} same here dino, got 3 or 4, i'm ready for spring

[09:01] {nemo} we're supposed to get a foot, then rain on top

[09:02] {cujo} hate winter

[09:02] {cujo} sux

[09:02] {magoo} where u live hawk..nemo?

[09:02] {nemo} boston

[09:03] {magoo} ahhhh..been there

[09:03] {magoo} nice city

[09:03] {elepet} you can all come visit me in mexico after Feb 9. . lots of sunshine. 84 degrees. 

[09:04] {nemo} Yeah, it's pretty cool...but the older I get the farther away I want to be from the huddled masses.  I'll take the mountains during hunting season thank you

[09:04] {nemo} Guess I'd have to switch from Vodka to tequila...the worm...

[09:04] {hawkfan4} chicago mags

[09:04] {nemo} where are you Mags

[09:06] {magoo} nort east pennsy

[09:06] {nemo} Oh, jeez...you've got so many deer down there, they're pets!!

[09:06] {magoo} yup

[09:06] {magoo} bear too

[09:07] {magoo} largest black bear in entire country

[09:07] {nemo} how big is that?

[09:07] {magoo} 650 lbs

[09:07] {nemo} yep

[09:07] {nemo} big

[09:07] {cujo} that is a big bear

[09:07] {cosmo} do you get any Bigfoot?

[09:07] {nemo} they hate the cold

[09:08] {cosmo} oh?

[09:08] {nemo} now their cousins the Yeti, on the other hand...

[09:09] {Threei}  if DRYS opens around this level, one of two scenarios is likely:

[09:09] {Threei}  first (my preferrable) is, sharp drop, probably to 11.70- 11.80, then strong rebound

[09:10] {Threei}  second, more risky, break of 11.30 and big jjump

[09:10] {nemo} 11.30?

[09:10] {Threei}  12.30

[09:10] {nemo} ty

[09:12] {elepet} I'm betting on the latter.  hehehehe. that's why i'm still holding.

[09:13] {magoo} just keep in mind...sell this pop could be in the cards

[09:13] {magoo} not saying it is

[09:13] {magoo} but keep in mind

[09:14] {magoo} vad..u watching any of the banks?

[09:14] {Threei}  C, BAC

[09:15] {magoo} WFC C UBS JPM STT

[09:15] {Threei}  you may want to watch FAS also

[09:15] {Threei}  x3 financials

[09:16] {magoo} a long fund?

[09:16] {Threei}  yes

[09:16] {Threei}  FAZ is short one

[09:16] {magoo} faz a short fund correct?

[09:16] {magoo} as i typed

[09:16] {hawkfan4} FAZ is the short 3X financials

[09:16] {magoo} u read my moind

[09:16] {Threei}  scary

[09:17] {nemo} psychic cellmates

[09:17] {Threei}  I have to say for the record, I strongly disagree with most I see in there

[09:17] {nemo} hehehehe

[09:17] {nemo} is it that affinity for sheep vad?

[09:18] {dino} xlf 2x

[09:18] {Threei}  I'll leave it to mags to comment on that

[09:19] {nemo} uyg too Dino

[09:19] {dino} ty

[09:20] {nemo} It's almost like they're all milling around the starting line

[09:21] {dino} fed 2:15 today

[09:21] {Threei}  yeah

[09:21] {nemo} I think the only news that could come out of that is neutral or bad

[09:21] {dino} imo, just relax at open, lets see where it wants to go

[09:21] {Threei}  although I don't know what can come out of it that would be of any surprise

[09:21] {nemo} raising interest rates

[09:22] {dino} lol

[09:22] {Threei}  seems pretty much predetermined non-event

[09:22] {nemo} I agree...that's what scares me...that's what I logically think should happen

[09:22] {Threei}  as far as rates policy goes, we are bound to stall for a while

[09:23] {Threei}  no room to cut and no one is so crazy to start raising just yet

[09:24] {dptl} gm all

[09:24] {Threei}  dp :)

[09:24] {ese} morning

[09:24] {cujo} morning

[09:24] {fernp} hello everybody

[09:24] {Threei}  ese :)

[09:24] {Threei}  fern :)

[09:25] {Threei}  DRYS so far holds the level

[09:25] {Threei}  C and BAC pulled back a bit

[09:26] {Threei}  I'll repost on DRYS for late joiners

[09:27] {Threei}  08:13am Baltic Dry Bulk Index +1%, seventh consecutive increase

[09:28] {elepet} all components are way up today. 

[09:29] {Threei}  FAS is trying to consolidate under 11.20

[09:30] {Threei}  hopefully opening ranges will form over couple minutes, immediate breaks are tough to play

[09:30] {Threei}  DRY seems to go for the first scenario

[09:31] {Threei} Long Setup:  DRYS  .15 if holding above 12, half lot

[09:32] {Threei}  FAS jumped

[09:32] {KSystems} in DRYS

[09:32] {Threei}  big offers there KS... don't be first to buy

[09:35] {KSystems} and out

[09:36] {larisa} STT

[09:36] {Threei}  yup, switches to deeper drop and bounce scenario

[09:36] {Threei}  STT is pure crazy

[09:36] {ese} CENX dino...downgraded from strong buy o buy

[09:36] {nemo} perfect for Mags

[09:37] {Threei}  DRYS is ready

[09:37] {Threei}  .90 break

[09:37] {dino} sm eqix l .00

[09:37] {nemo} look at the orer at .90

[09:37] {nemo} order

[09:38] {Threei}  that's why its break is long trigger

[09:38] {nemo} missed it

[09:39] {Threei} Long Setup:  PLD  11.30 break

[09:39] {Threei}  stop under .20

[09:41] {nemo} what's stop on DRYS .80

[09:41] {Threei}  .75

[09:42] {Threei}  PLD no worky

[09:43] {nemo} lot ov overhead @12 on DRYS

[09:44] {nemo} no worky=invalidate?

[09:45] {hawkfan4} means stopped

[09:45] {Threei}  STT

[09:45] {Threei}  REPORTS EQUITY ASSETS UNDER ADMINISTRATION AT $138B

[09:46] {fernp} cover C +.15

[09:47] {dino} sounds like stt is putting itself up for sale

[09:49] {dino} out eqix .50, +.50

[09:49] {hawkfan4} nice

[09:49] {dino} apol not participating

[09:49] {nemo} Vad would there be  a lot of selling @ this level of DRYS because of the gap up overnight?

[09:50] {dino} ty hawk

[09:50] {Threei}  who cares about whys?

[09:51] {hawkfan4} FAS .25, stop 11

[09:51] {Threei}  C

[09:51] {Threei}  GOVT OF SINGAPORE DISCLOSES PASSIVE STAKE

[09:51] {nemo} probabilities

[09:52] {hawkfan4} stop to 11.10 on FAS

[09:52] {dino} are you sure its not pass the steak?

[09:52] {Threei}  GEORGE SOROS: BAD BANK MAY NOT BE THE BEST WAY TO DEAL WITH FINANCIAL CRISI

[09:52] {dino} talking his book

[09:52] {Threei}  I understand he has a better idea

[09:53] {dino} they need a "bad trades" bank too

[09:54] {cujo} ha ha ha.  error acct bank?

[09:54] {Threei}  market is shaky here

[09:54] {dino} watching t, vz, apol

[09:55] {dino} massive gap ndx from open

[09:55] {Threei}  would hate to see repetition of this yesterday's sharp up and down with no rhytm

[09:55] {fernp} DRYS is forming a DBI

[09:56] {Threei}  either that or double bottom

[09:56] {nemo} hope it's a salmon?

[09:56] {Threei}  nah

[09:56] {dino} gap fill and rock after fed mtg my bet

[09:56] {Threei}  DRYS is practically never a salmon

[09:57] {Threei}  who is uncomfirtable, just scratch it

[09:57] {Threei}  it's around breakeven

[09:57] {nemo} trade the plan

[10:01] {Threei}  FAS looks better and better for you hawk

[10:01] {Threei}  hope I don't jinx it

[10:01] {magoo} RIMM vad..reading it?

[10:02] {hawkfan4} agree, stop under .20 now

[10:02] {Threei}  looks like .90 break on RIMM mags

[10:02] {KSystems} should drys stop be trailed?

[10:02] {Threei}  if holding .70 and if market helps

[10:03] {Threei}  .80 held a few times KS

[10:03] {Threei}  so, it's reasonable

[10:05] {Threei}  lost support

[10:06] {KSystems} stopped

[10:06] {fernp} stopped

[10:06] {dino} t sm l .00

[10:06] {Onix} stppped

[10:06] {nemo} stopped

[10:07] {dino} apol filling gap

[10:09] {Threei}  HIG woke up

[10:09] {Threei}  long time no see

[10:10] {ese} L DISH .80 3/4

[10:10] {Threei}  remember my yesterday's "odd call" on NURO?

[10:11] {hawkfan4} yep, strange stock

[10:13] {Threei}  HIG, sharp pullback into .50 will be interesting for bounce

[10:17] {Threei}  partialing any on FAS yet hawk?

[10:17] {Threei}  or you are in till insane numbers?

[10:18] {Threei}  NURO... sheesh

[10:18] {hawkfan4} gonna dump 1/2 if i see .45 bid

[10:20] {hawkfan4} now .55

[10:20] {hawkfan4} out 1/2 + .30

[10:20] {ese} OUT DISH .04 +.24

[10:20] {Threei}  wtg

[10:21] {ese} tks

[10:22] {hawkfan4} dumped the rest .55

[10:23] {Threei}  .35 - .40 is probably re-entry

[10:26] {nemo} drys back on?

[10:27] {Threei}  on pullback, maybe\

[10:27] {Threei}  breakouts don't work so far

[10:27] {magoo} agree vad

[10:28] {nemo} alot want out at 12

[10:28] {dino}  algt waking up

[10:28] {dino} hod trig imo

[10:29] {hawkfan4} watching BAC .60 break

[10:30] {Threei}  *DOE CRUDE: +6.2M V +2.7ME

[10:30] {Threei}  GASOLINE: -121K V +1.5ME;

[10:34] {Threei}  anyone took FAS on pullback into .40?

[10:35] {cujo} caught that one hawk.  Thanks. 

[10:35] {hawkfan4} got back in .63, nice cujo

[10:36] {cujo} yeah in .62 out here 1:1

[10:36] {cujo} drys making moves

[10:39] {dino} ughhhhh es, we screwed up apol

[10:40] {dino} was waiting 77.22

[10:40] {Threei}  PRESIDENT OBAMA: CONFIDENT IN CHANCES FOR APPROVAL OF ECONOMIC STIMULUS PACKAGE

[10:40] {Threei}  - A congressional Vote is scheduled for today

[10:42] {Threei}  HIG's pullbacks are not as deep as we would want

[10:42] {Threei}  closer to 17 I'd feel safer

[10:43] {Threei}  but if market stages another break, probably won't happen

[10:45] {cujo} l GS .11

[10:46] {dino} obama meets w/ceo's "hey guys, what will you give me if i get you tax $"

[10:48] {Threei} Long Setup:  CHK  .47 if holding above .35

[10:49] {magoo} in

[10:49] {KSystems} in

[10:50] {fernp} in

[10:51] {cujo} in

[10:51] {cujo} target Vad?

[10:51] {dino} out algt .68, +.18, markets pull back

[10:52] {Threei}  as always

[10:52] {Threei}  half out around 1:1

[10:52] {cujo} thanks

[10:52] {Threei}  .50 break should give a spike

[10:53] {dino} wmt, mcd negative

[10:53] {Threei}  HIG better pullback

[10:55] {magoo} as with anything mkt related

[10:55] {magoo} the bathroom indicator has switched today

[10:55] {magoo} if go in restrm..mkt goes up

[10:56] {magoo} so play accordingly

[10:56] {Threei}  just let us know

[10:56] {magoo} yup

[10:57] {Threei}  missed HIG by 1 cent

[10:57] {Threei}  anyone caught it?

[10:58] {cujo} nope

[10:58] {hawkfan4} nope

[10:58] {magoo} nope

[11:00] {KSystems} nope

[11:03] {ese} have enjoyed watching this move by DISH.....classic cup and handle...consolidating...should take off from here

[11:03] {dino} lol

[11:03] {Threei}  market looks ready for a break

[11:03] {ese} bstop 1/2 at .30

[11:04] {ese} should help dish

[11:04] {Threei}  which probably in terms of last day or two trading means we will drop500 points in the next 2 minutes

06[11:04] * KSystems slaps CHK around a bit with a large chart of uptrending NQ

[11:05] {dino} laughing at your "have enjoyed" comment es

[11:05] {Threei}  it pretty much behaves KS

[11:05] {Threei}  just needs market break

[11:05] {Threei}  didn't pull back anywhere as deep as market did

[11:06] {KSystems} i didnt kick it...was just a slap between friends

[11:06] {Threei}  hmmm

[11:06] {Threei}  you mean you don't kick your friends?

[11:06] {ese} make that bstop .29

[11:06] {KSystems} no Vad, I'm a nice guy

[11:06] {cujo} only when they are "down"

06[11:06] * KSystems crosses his fingers

[11:06] {Threei}  my idea of friendship must be different...

[11:07] {dino} throw some salt over your shoulder

[11:07] {magoo} [11:06] {cujo} only when they are "down"

[11:07] {magoo} would have expected that out of nemo lol

[11:08] {cujo} he he he

[11:08] {nemo} I'm so short I'm hitting them in the kneecaps anyway

[11:08] {Threei}  series of promises that actually speak of true friendship

[11:08] {nemo} where'd you get that?

[11:08] {Threei}  1. When you are sad -- I will help you get drunk and plot revenge against

[11:08] {Threei}  The sorry bastard who made you sad.

[11:08] {ese} long .29 dish

[11:09] {Threei}  4. When you are scared -- I will rag on you about it every chance I get.

[11:09] {Threei}  5. When you are worried -- I will tell you horrible stories about how much

[11:09] {Threei}  Worse it could be until you quit whining.

[11:09] {Threei}  6. When you are confused -- I will use little words.

[11:09] {Threei}  7. When you are sick -- Stay the hell away from me until you are well

[11:09] {Threei}  Again. I don't want whatever you have.

[11:09] {Threei}  8. When you fall -- I will point and laugh at your clumsy ass.

[11:09] {Threei}  9. This is my oath.... I pledge it to the end. 'Why?' you may ask;

[11:09] {Threei}  'because you are my friend'.

[11:09] {Threei}  now, guess who sent that to me

[11:10] {nemo} Vad lies

[11:10] {KSystems} now it may be time for some kicking CHK

[11:10] {Threei}  I don't like this CHK hesitance

[11:10] {dino} the rich guy from africa that wants to use your checking acct

[11:11] {Threei}  let's trail stop to under .40

[11:11] {KSystems} out

[11:11] {cujo} out

[11:11] {Threei}  it should have been at .60 by now if it wanted to go

[11:11] {magoo} i thought it was his wedding vows lol

[11:11] {cujo} ha ha ha

[11:12] {Threei}  my wedding vow was,

[11:12] {Threei}  I don't promise you'll be happy with me... but I do promise you won't be bored

[11:12] {magoo} my was..."i swear i used a condom..but hey...here we are at the altar"

[11:12] {fernp} stopped

[11:12] {nemo} His wife:What's ours is mine, what's yours is mine, and what's mine is mine Vad:  What's ours is yours, what's mine is yours and what's yours is yours

[11:13] {dino} ahh the 3 rings of marriage, the engagement ring, the wedding ring, and the suffering

[11:13] {nemo} which leads to hallway sex

[11:13] {hawkfan4} lol dino

[11:13] {Threei}  FDIC SPOKESPERSON DECLINES COMMENT ON POTENTIAL FOR VARIOUS 'BAD BANK' MANAGEMENT BY GOVT AGENCIES

[11:13] {dino} :)

[11:13] {nemo} FAS on steroids today

[11:14] {magoo} [11:13] {nemo} which leads to hallway sex

[11:14] {magoo} standing on a chair nemo?

[11:16] {nemo} mags' I sent you a personal message

[11:16] {magoo} in dcc?

[11:16] {magoo} ROFLOL

[11:18] {dino}  mcd sm l .50

[11:19] {dino} opps .49

[11:19] {dino} thx chuck

[11:20] {magoo} out GS .75

[11:20] {magoo} TY cujo

[11:20] {cujo} nice

[11:20] {dino} gj

[11:20] {cujo} you got in? 

[11:21] {magoo} yeah..u brought too my attention

[11:21] {cujo} cool.

[11:21] {Threei}  IRANIAN PRES AIDE: NO PLANS TO HALT NUCLEAR WORK IN LIGHT OF US CALLS FOR HALT WITH REGARDS TO UN RESOLUTIONS

[11:22] {Threei}  UPDATE: GM CANCELS CONTRACTS TO BUILD NEW ENGINE PLANT IN FLINT, MI; DOES NOT MEAN THE END OF THE VOLT HYBRID VEHICLE - FOX BUSINESS NEWS

[11:22] {Threei}  HIG

[11:22] {Threei}  trying hard at .50

[11:23] {nemo} HIG's president leaves for Obama's staff

[11:23] {dino} iranian pres., "if obama gives us a few hundred million, we will stop nuclear work for.....hmmmmmm... let's say 6 months

[11:23] {Threei}  that;'s why stock so happy?

[11:24] {nemo} I have know eye deer

[11:24] {magoo} GM to start building nuclear weapons grade for IRAN.."CEO...what the hell..auto indudstry blows"

[11:24] {nemo} mags dcc

[11:24] {magoo} OY

[11:25] {dino} out t .40, +.40

[11:25] {dino} lol magoo

[11:25] {dino} more $$$$ in it

[11:25] {Threei}  if market breaks again, HIG becomes a .50 break play

[11:27] {Threei}  FAS non-stop

[11:27] {magoo} how about pullbk vad?

[11:27] {magoo} hig

[11:28] {Threei}  sure it that's what happens

[11:31] {Threei}  prez on TV

[11:31] {magoo} vad..u ditch CHK?

[11:32] {Threei}  yes

[11:32] {magoo} DAMMIT

[11:32] {Threei}  ?

[11:33] {magoo} just funnin

[11:34] {dino} deck

[11:34] {Threei}  HIG pulled back about 20 cents

[11:35] {Threei}  GM

[11:35] {Threei}  CONFIRMS WILL CLOSE JOBS BANK ON MONDAY

[11:37] {ese} just finished looking at a whack of daily charts.....a ton of double and triple bottoms been put in....

[11:37] {nemo} C&H on DRYS?

[11:38] {Threei}  don't know on DRYS

[11:38] {nemo} probably a bit ragged

[11:42] {Threei}  that was one spectacular bounce HIG

[11:42] {elepet} is anyone still in drys?

[11:42] {hawkfan4} geesh, was trying to get an order ready on HIG and it was gone

[11:42] {magoo} not i

[11:43] {cujo} yeah lot of names just bounced. 

[11:43] {Threei}  hawk, what are you, typing in datek order form?? :)

[11:43] {hawkfan4} lol, no, i fax it to my broker ;})

[11:44] {nemo} what? no carrier pigeon?

[11:44] {hawkfan4} i've upgraded

[11:44] {dino} lol

[11:44] {nemo} carrier hawk?

[11:44] {hawkfan4} exactly

[11:45] {ese} It's traditional for the Canadian finance minister to buy new shoes before a new budget is released.......rumor has it that our guy bought some CROC's.........

[11:45] {nemo} as in Taurine Excrement

[11:46] {cujo} mmmmmm...  taurine......

[11:46] {ese} maybe nemo......ya just never know up here

[11:48] {nemo} we can be more sure down here....definitely!

[11:54] {dptl} we have airline etf now..faa

[11:56] {magoo} DRYS is different today vad imo.........its gonna surprise to upside just to p*ss magoo off

[11:56] {dino} deck a bit crazy

[11:57] {dino} taunting me, like a siren sog to short it

[11:57] {dino} song

[12:01] {Threei}  HIG broke

[12:03] {Threei}  watching for pullback

[12:03] {Threei}  you are thinking .20 reak on DRYS still mags?

[12:03] {elepet} magoo..are youa DRYS fan?

[12:04] {i2romantis} CHK?

[12:04] {Threei}  not sure about it i2r

[12:05] {magoo} more like antiDRYS here

[12:05] {elepet} sae same

[12:05] {dino} sm l wmt .74

[12:05] {nemo} so....wetships?

[12:05] {elepet} I can't seem to sell it. in from 11.82 yesterday.

[12:06] {nemo} emotionally attached again elepet?

[12:06] {elepet} yup.

[12:06] {Threei}  it's just a symbol

[12:06] {Threei}  4 letters

[12:06] {Threei}  what to be attached to

[12:07] {nemo} must have been somethin' in his childhood

[12:07] {cujo} going to run some errands.  See you all in a few. 

[12:07] {Threei}  in all fairness, it does form the setup... .10 - .20

[12:08] {magoo} agrre vad..but really do hate it

[12:08] {Threei}  AAPL strength

[12:09] {Threei}  HIG is ready for sharp dive

[12:09] {nemo} getting right shoulder on FAS?

[12:11] {Threei}  looked like dive under .50, HIG... held above

[12:13] {i2romantis} out CHK +.15

[12:14] {dino} gj

[12:15] {i2romantis} learning to be emotionally detached from price going up after i sell :)

[12:16] {magoo} out .71 CHK

[12:16] {magoo} TY vad

[12:16] {Threei}  HIG... .75 break if breaks are back

[12:16] {Threei}  can't tell whether they are...

[12:16] {Threei}  .50 one worked

[12:17] {Threei}  so did CHK

[12:18] {dino} i2r, exactly, a scalp is a scalp

[12:18] {i2romantis} yep

[12:23] {i2romantis} funny, if i followed the strategy for raising stops (which I did in my mind once i sold), i'd be selling it at .83, another +.2 with no risk, so that's another learning, not trying to jump ship when already in profit zone

[12:24] {i2romantis} but a great thing about scalping is that another trade is pretty much around the corner :)

[12:25] {Threei}  partialling out is the answer for this kind of situations, i2r

[12:25] {dino} i2, good job

[12:25] {dino} always a hundred trades out there.

[12:25] {dino} thats why i trail tight w/stops, expecially when in the $

[12:26] {i2romantis} ok

[12:26] {dino} thin atm machine

[12:26] {dino} think

[12:26] {Threei}  HIG revisited .50 once again

[12:27] {Threei}  DRYS broke, and makes new highs slowly

[12:27] {magoo} must confess took .24 DRYS

[12:28] {elepet} passed .30. now what?

[12:28] {magoo} prob disappoint

[12:28] {magoo} time for RIMM to catch up

[12:29] {magoo} ketchup??

[12:29] {Threei}  it's already above 1;1

[12:30] {Threei}  anyone took HIG this time?

[12:31] {hawkfan4} not me, just watching for now

[12:37] {Threei}  all I see is microscalps

[12:37] {Threei}  7 cents here, 12 cents there

[12:38] {Threei}  market is consolidating for another leg up, and most likely that's what is going to happen

[12:38] {nemo} are you talking today Vad?

[12:38] {Threei}  yeah

[12:39] {nemo} ty

[12:42] {dino} leg up? pretty much stuuck in tight range

[12:43] {dino} time will tell

[12:43] {larisa}  I will pretend i am dino and say we finish DJI +45 today again :)  dino, pretend you are you, what you say ? :)

[12:44] {dino} +300

[12:44] {larisa} wow

[12:44] {dino}  end of day fri 8900

[12:44] {Threei}  I am with dino

[12:44] {dino} next week -6%

[12:44] {dino} that's the pattern

[12:45] {dino} they hasve to paint the tape so mutual fund statements don't look so bad. $ needs to stay in. fed says (win-wink) we are not paying attention to that right now

[12:56] {nemo} HIG hiccupping

[12:56] {Threei}  HIG became a regular bouncer off each selloff

[12:57] {Threei}  RIMM... if market helps, 58 break for a scalp

[12:57] {larisa} 56?

[12:57] {Threei}  56

[12:58] {magoo} in 58

[12:59] {Threei}  overp[aid a bit I'd say

[13:00] {nemo} nice dump fas

[13:01] {Threei}  HIG almost ready

[13:02] {Threei}  got .26

[13:02] {Threei}  .19 stop

[13:03] {Threei}  half out .35

[13:06] {Threei}  stop to .23

[13:06] {nemo} Mags?  Gotta' go to the bathroom yet?

[13:07] {larisa} lol, what a spike :)

[13:07] {magoo} ok talkin from my keybd in restrm

[13:07] {larisa} stay there magoo :)

[13:07] {Threei}  lol

[13:07] {Threei}  out in full .49

[13:07] {hawkfan4} out HIG +.14, thx vad

[13:08] {jmb} thanks vad

[13:08] {i2romantis} very nice 3i

[13:08] {Threei}  here is that next leg

[13:09] {magoo} out here .57 TY

[13:10] {Threei}  nice

[13:10] {Threei}  more patience than I have

[13:11] {dptl} grabbed .23 on stt bounce

[13:11] {Threei}  wtg

[13:12] {Threei}  I just couldn't bring myself to call it

[13:12] {cujo} miss anything?

[13:12] {dptl} ty

[13:13] {Threei}  just one HIG scalp cujo

[13:13] {Threei}  not much

[13:13] {cujo} thanks

[13:13] {hawkfan4} but it was for 4 dollars

[13:13] {nemo} DON"T TELL HIM THAT

[13:13] {Threei}  for very patient, 4.03

[13:13] {nemo} You guys are mean

[13:13] {hawkfan4} :)

[13:13] {Threei}  and proud of it

[13:13] {dino}  mcd stop to .85

[13:14] {hawkfan4} trying AKS .26

[13:15] {dino} ti .89

[13:17] {Threei}  stop under .20 hawk?

[13:17] {hawkfan4} yep

[13:17] {dino} stopped mcd .89, +.40

[13:18] {Threei}  lol HIG

[13:18] {Threei}  overstretches bands in both directions

[13:19] {nemo} dripping volume on last rise

[13:19] {nemo} dropping

[13:19] {gen} hi everybody :)

[13:19] {Threei}  I like dripping

[13:19] {Threei}  hey gen

[13:20] {cujo} DRYS 12.25?

[13:20] {gen} Vad :)

[13:20] {Threei}  not at the top of such spike

[13:20] {Threei}  let it pull back

[13:20] {Threei}  hig

[13:21] {Threei}  pullback time

[13:21] {Threei}  feels like less deep this time, and then .75 break

[13:24] {hawkfan4} 1/2 out .90 from .75

[13:24] {magoo} read AAPL vad?

[13:24] {Threei}  A

[13:24] {Threei}  A

[13:24] {Threei}  then P

[13:24] {Threei}  then L

[13:25] {Threei}  I can't get any kind of read into such spike mags...

[13:25] {Threei}  no way to tell where it reverses

[13:25] {Threei}  either pullback or consolidation

[13:26] {Threei}  btw hawk... last 1000 shares at .27 on AKS that lifted the offer, remember?

[13:26] {hawkfan4} :) thanks

[13:26] {Threei}  you are welcome

[13:26] {dino} brb

[13:27] {hawkfan4} took a double.  also NUE from 44.26

[13:27] {Threei}  well... who didn't believe me that market was getting ready for the next lift-off, raise your hands

[13:27] {nemo} I'll keep my fins down, thankyou

[13:27] {Threei}  AKS over 1:1

[13:28] {Threei}  frigin HIG will never stop

[13:28] {Threei}  ever

[13:28] {Threei}  it will just go to 19... 20...21...

[13:28] {Threei}  +170 DJI

[13:28] {Threei}  larisa, you start believeing in +300?

[13:29] {larisa} +45

[13:29] {Threei}  aren't you a stubborn one

[13:29] {Threei}  I am out AKS hawk, thanks

[13:30] {Threei}  idiotic day for me... getting right read and having hardest time utilizing it

[13:30] {hawkfan4} nice, my pleasure

[13:30] {nemo} I guess you gotta' keep Mags in the bathroom (or closet)

06[13:31] * Threei prepares the trout for magoo who prepares to say "that's because you are an idiot"

[13:31] {nemo} not nice mags

[13:31] {Threei}  well nemo... last thing we want to see is nice magoo

[13:31] {cujo} l slw .45

[13:31] {Threei}  that wouyld ruin my world

[13:33] {hawkfan4} sold 1/2 aks +.16, out rest HIG +.28

06[13:33] * Threei slaps hawkfan4 around a bit with a large roll of cash

[13:33] {hawkfan4} officially a really nice day

[13:33] {Threei}  sorry hawk... I just had to slap someone

[13:34] {Threei}  and magoo is not giving me an excuse

[13:34] {hawkfan4} np, anytime

[13:34] {Threei}  hmmm... as if I really need one...

06[13:34] * Threei slaps magoo around a bit with a large absence of excuse to slap him

[13:34] {magoo} out RIMM .34

[13:34] {magoo} TY 

[13:35] {Threei}  here is my excuse!

06[13:35] * Threei slaps magoo around a bit with a large roll of cash

[13:36] {dino} i should shovel more often, moves markets up

[13:36] {magoo} hang onnnnnnnnn....i gotta pee .......mkts gonna go BALLISTIC

[13:37] {hawkfan4} LOL

[13:37] {nemo} that you have to go to the bathroom is sufficient

[13:38] {Threei}  I am overwhelemed by the details we get to learn here

[13:38] {i2romantis} lol

[13:38] {nemo} I suppose it could get worse

[13:38] {i2romantis} Dino, you can come shovel some more over here

[13:39] {Threei}  yes nemo but that doesn't matter much - aftre certain level you just go numb

[13:39] {Threei}  kind of that question, you know... C and F are the same at -40,

[13:39] {nemo} that's the challenge to go where you break the numbness

[13:39] {Threei}  how to calculate below that?

[13:39] {Threei}  answer is, who cares? It's too fikin cold to do any math

[13:39] {nemo} I was talking sensibilities not temperature

[13:40] {Threei}  no one appreciates the fine metaphore these days... sigh...

[13:40] {nemo} Yeah, I wouldn't be able to take my fingers out of my mittens so I could count

[13:40] {Threei}  right, and counting with limbs you can't go beyond 4

[13:40] {Threei}  which impedes math abilities

[13:41] {nemo} Here's one for you.  Hey Mags, helmet or anteater?

[13:41] {dino} no thx i2r

[13:42] {Threei}  just as we started picking up worthy plays, Fed time approaches

[13:42] {Threei}  oh i2r, you are in Quebec, right?

[13:42] {Threei}  TV said it's brutal today

[13:45] {Threei}  gen dcc pls

[13:45] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET

[13:45] {Threei}  **consensus expectation is for the rate to remain at 0.25%.

[13:45] {Threei}  **Expectations on today's FOMC statement vary widely, from no change to speculation the Fed could make specific announcements about new actions ranging from buying Treasury securities to adopting explicit inflation targeting. Given the substantial rate cut and additions to the December statement, however, the FOMC may hold off on any major changes in its statement today as it continues to discuss and review alternative actions and awaits the follow through and impacts of the government's TARP and stimulus packages.

[13:47] {cosmo} .50% cut?

[13:47] {magoo} restroom WORX

[13:47] {Threei}  into negative territory?

[13:48] {cosmo} yes....negative

[13:49] {cosmo} its a theory only

[13:49] {i2romantis} yes, in qc

[13:50] {i2romantis} freezing here, as usual

[13:50] {hawkfan4} out rest AKS .37

[13:53] {Threei}  +7 here, sun, warmth...

[13:54] {Threei}  market is p;ulling back befoe announcement

[13:55] {Threei}  if HIG's history today is any indicator, should drop to .70 or so before trying bounce

[13:59] {Threei}  US TREASURY'S GEITHER: NEED TO PRESERVE PRIVATE BANKING, NEW RESCUE PLAN TO COME 'RELATIVELY SOON'; TARP CONTRACTS TO BE VIEWABLE ONLINE

[13:59] {Threei}  - speaking at a TARP oversight meeting

[14:04] {dino} rebel yell

[14:05] {Threei}  ECB'S ORPHANIDES: DANGEROUS FOR CENTRAL BANKS TO 'SAVE' THEIR AMMUNITION, LOW RATE 'AVERSION' MAY AFFECT ACTIONS, MUST PAY ATTENTION TO QUANTITY OF MONEY

[14:05] {Threei}  - Notes that it is a false belief that low rates are ineffective.

[14:05] {Threei}  - stresses these comments are his own opinion and not those of the ECB

[14:05] {Threei}  why is he speaking on behalf of ECB then?

[14:06] {Threei}  it should read: private citizen Orphanides says...

[14:11] {Threei}  Court: cheerleader can't sue a teammate who didn't catch her

[14:12] {Threei}  between that and inability to sue Madoff for lost faith in humanity, there goes my dream to make millions in court

[14:14] {Threei}  FOMC time

[14:15] {Threei}  FOMC HOLD RATE AT 0.25%;

[14:15] {Threei}  {SPY SHY TLT EUR/USD USD/JPY G

[14:15] {magoo} unchanged

[14:16] {Threei}  here comes HIG

[14:16] {Threei}  prepare half lot

[14:16] {Threei}  PREPARED TO BUY LONGER TERM TREASURIES IF COULD IMPROVE CREDIT MARKET CONDITIONS, RATE MAY BE AT EXCEPTIONALLY LOW FOR PERIOD OF TIME

[14:16] {Threei}  - Reiterates inflation could persit below desirable rates

[14:16] {Threei}  - Vote was 8-1 (Lacker Dissented, preferring to purchase US treasuries)

[14:17] {Threei}  - May see gradual recovery in the economy later in 2009, some conditions in financial markets have improved

[14:17] {Threei}  - Discount rate remains unchanged at 0.50%

[14:18] {i2romantis} +.12 in 30 seconds, what a great catch on EGLE, would be nice to have these kinds more often

[14:19] {Threei}  .76 was it on DRYS...

[14:19] {Threei}  too fast to catch

[14:19] {cujo} anyone get in? 

[14:19] {fernp} too fast

[14:19] {larisa} HIG you mean

[14:19] {Threei}  grr

[14:19] {Threei}  HIG

[14:20] {i2romantis} yeah, such a nice sell off at times, if you are quick

[14:20] {i2romantis} I missed second run on EGLE

[14:21] {dino} 80 to go

[14:23] {i2romantis} #3 for EGLE

[14:24] {cujo} rimm

[14:25] {hawkfan4} HIG .82 1/2 lot

[14:27] {hawkfan4} stop .69

[14:28] {dino} gg sm l .10

[14:29] {hawkfan4} stopped -.13

[14:32] {Threei}  FAS fast selling

[14:34] {cujo} thanks Vad

[14:34] {Threei}  caufght it?

[14:34] {cujo} +.06

[14:34] {cujo} nothing amazing but still worth it 

[14:34] {cujo} not bad for 10 sec worth of work

[14:37] {dptl} leaving early....have a good night all

[14:37] {Threei}  take care dp

[14:37] {cujo} see ya dp

[14:39] {dino} cya dp

[14:39] {Threei}  ok market... bounce time

[14:41] {magoo} candidates?

[14:41] {Threei}  FAS, HIG

[14:41] {Threei}  RIMM

[14:42] {Threei}  all jump too ffast for precise call

[14:42] {Threei}  FAS worked twice off 12

[14:45] {Threei}  MS

[14:45] {Threei}  TICKING HIGHER AFTER JIM CRAMER MAKES POSITIVE COMMENTS

[14:48] {dino} kiss of death for it

[14:49] {cujo} short 1 MS .29

[14:50] {Threei}  1?

[14:50] {cujo} 1 lot

[14:50] {Threei}  okay :)

[14:50] {cujo} ;)

[14:50] {cujo} out +13

[14:50] {cujo} .13

[14:50] {hawkfan4} nice

[14:50] {Threei}  you are not fooling around are you

[14:51] {cujo} you mean kidding?

[14:51] {Threei}  nice drop

[14:51] {cujo} yeah, should have held :(

[14:51] {cujo} oh well

[14:52] {Threei}  not necessary held, stock is fast and furious... but partial was probably worthn try

[14:54] {Threei}  FAS back into support and lower BB

[14:54] {cujo} Dino's "{dino} kiss of death for it" inspired me...

[14:54] {Threei}  yes

[14:54] {Threei}  Jom's picks do that regularly

[14:54] {Threei}  Jim's

[14:54] {cujo} think FAS long at 12.00?

[14:55] {Threei}  I doubt it will get that far on this leg

[14:55] {dino} lol

[14:56] {Threei}  it's pattern after announcement was, drop into lower BB, stretch itit a little, then bounce for a scalp

[14:57] {cujo} got ya

[14:58] {magoo} dino turn to bring in egg mcmuffins tomorrow   yummy

[15:00] {dino} rock n roll

[15:00] {cujo} you all trade together?

[15:01] {dino} same floor in building, one door down

[15:01] {dino} kindda sucks for me

[15:01] {cujo} nice to have company. ha ha ha

[15:01] {magoo} HEYYYYYYYY

[15:02] {dino} well, he does have a habit of drinking the beer w/o replacing it

[15:02] {magoo} this is tru

[15:02] {nemo} dino...beer is the same color as...

[15:02] {dino} uh oh

[15:07] {cujo} fast sellling MCD

06[15:07] * magoo slaps &Threei around a bit with a large sugggestions to make a real pick..engage maverick.ENGAGEEEEEEEEEEEE

[15:07] {dino} cut gg .95, -.15

[15:08] {nemo} doin a flyby mags?

[15:08] {Threei}  gotta let this play out mags

[15:08] {magoo} watched top gun last nite with son

[15:08] {Threei}  I don;t like this chaos

[15:08] {nemo} ahhhhh the zen master

[15:08] {Threei}  US HOUSE REP MINORITY LEADER BOEHNER (R): DISAPPOINTED WITH STATE OF STIMULUS PACKAGE

[15:08] {Threei}  see?

[15:08] {magoo} doesnt have to be a long vad

[15:09] {Threei}  this idiotic up ad down on each comment again

[15:09] {Threei}  doesn't matter long or short... just can't read this other than for little scalps

[15:09] {cujo} +.05 mcd

[15:10] {Threei}  see FAS touching under 12, bouncing for quick 10 cents

[15:10] {Threei}  this kind I mean

[15:10] {Threei}  but they are impossible to call

06[15:10] * magoo slaps &Threei around a bit with a large copy of magoos never touched techniques of tape reading to help vad

[15:10] {Threei}  never touched eh

[15:10] {Threei}  that explains it {GGG}

[15:10] {dino} i think that guy was on "growing pains" sitcome

[15:13] {larisa} -100

[15:13] {Threei}  sigh

[15:13] {magoo} i only need 5 winning trades into bell

[15:13] {Threei}  mags, watch FAS

[15:13] {Threei}  you'll get its rhythm

[15:13] {Threei}  rhytm

[15:13] {Threei}  rythm

[15:14] {Threei}  whatever

[15:18] {magoo} from rocky "u cant train me like colored trader{fighter} lol 

[15:18] {magoo} i have no rythm

[15:19] {Threei}  burt you can spell it

[15:19] {magoo} ROFLOL..actually looked and copired yours

[15:19] {larisa} lol

[15:19] {Threei}  hmmm... how did you pick one of three then?

[15:21] {magoo} any read HIG?

[15:21] {Threei}  breakdown

[15:21] {Threei}  drop into .30 roughly after losing .50

[15:21] {Threei}  bounce from just under it most likely for small scalp

[15:21] {Threei}  then have to reevaluate

[15:22] {nemo} taking FAS w/it

[15:22] {dino} cat going for gap fill

[15:22] {Threei}  FAS closer to .80

[15:22] {dino} meow

[15:23] {Threei}  here comes the bride

[15:23] {Threei}  err HIG

[15:24] {Threei}  first strength from here

[15:24] {Threei}  in

[15:24] {magoo} .17

[15:24] {Threei}  stop under .10

[15:25] {Threei}  takes too long...

[15:25] {Threei}  this kind of selloff should bounce faster

[15:25] {cujo} stopped

[15:26] {hawkfan4} BAC short under .20?

[15:27] {Threei}  hard to tell

[15:27] {KSystems} fas

[15:27] {Threei}  we are getting a bit overstretched

[15:27] {dino} 3:40

[15:27] {magoo} out

[15:27] {nemo} well, there was the gap up overnight...plenty of room for profit taking

[15:28] {Threei}  back in HIG .92

[15:29] {Threei}  half out

[15:29] {Threei}  .10

[15:30] {cujo} out HIG +.12

[15:30] {cujo} Thanks

[15:30] {Threei}  out in full

[15:31] {Threei}  too soon

[15:32] {nemo} good profit in a fast market though...as you said...every little comment

[15:34] {magoo} .92 was a sweet entry

[15:34] {Threei}  and it surprizingly sat there for quite a fedw seconds

[15:34] {magoo} lonf Q here

[15:35] {magoo} .12

[15:35] {magoo} small

[15:35] {magoo} lookin for 3:40 bounce

[15:35] {magoo} ala ding dong

[15:36] {cujo} Thanks magoo

[15:36] {Threei}  why did I ever sell HIG?

[15:36] {magoo} huh?

[15:36] {cujo} +.10

[15:36] {nemo} fear and greed?

[15:39] {dino} both

[15:39] {magoo} greed much stronger

[15:40] {dino} giddy-up 3:40

[15:40] {Threei}  FAS explosion

[15:41] {Threei}  should p;ullback closer to .10 now for another leg up

[15:44] {Threei}  lol

[15:44] {Threei}  A Russian "cyber-militia" has effectively knocked the central Asian republic of Kyrgyzstan offline in recent days

[15:44] {Threei}  A spokesman at the Russian embassy in Washington couldn't be reached for comment. The Kyrgyz government couldn't be reached for comment. U.S. officials couldn't immediately be reached for comment.

[15:44] {Threei}  all for different reasons I assume

[15:44] {magoo} in TOP GUN..russians pilots stunk

[15:44] {hawkfan4} lol

[15:44] {Threei}  Kyrgyz government in particular because of being offline

[15:45] {magoo} thats a tru story u know :)

[15:45] {Threei}  who caught FAS?

[15:45] {cujo} here

[15:45] {Threei}  :)

[15:45] {dino} they have to get them on the phone or by mail

[15:45] {magoo} im nursinhg Q

[15:45] {cujo} yes, :) indeed

[15:46] {Threei}  ideal pullback rioght into support and immediate bounce

[15:46] {dino} no comment because server out

[15:46] {magoo} that wasnice vad

[15:46] {magoo} saw it

[15:46] {hawkfan4} i got FAS +.11

[15:46] {dino} c'mon, that was funny

[15:46] {Threei}  great reflexes guys

[15:46] {magoo} TY

[15:47] {cujo} thanks.  great call.

[15:47] {Threei}  day slowly becomes brighter

[15:47] {Threei}  too bad it's over, lol

[15:47] {magoo} lets trade AFTERHOURS

[15:47] {dino} larisa, only 120 to go

[15:47] {magoo} drink beer to

[15:47] {cujo} any suggestions for something to hold overnight?

[15:47] {magoo} NEVER DINO

[15:47] {larisa} my way too, dino :)  nobody wins :)

[15:48] {Threei}  cujo... I have some, but this is family-oriented room

[15:48] {cujo} ha ha ha

[15:48] {cujo} punny

[15:48] {nemo} I was waiting for that

[15:48] {nemo} no cujo puny

[15:48] {Threei}  who are you calling punny?

[15:49] {cujo} should have known i was setting myself up for that....

[15:49] {magoo} Q baby

[15:49] {magoo} kickin

[15:49] {magoo} puillin

[15:49] {Threei}  well, you did walk right into that :)

[15:49] {magoo} punchin

[15:49] {magoo} pinchin

[15:49] {Threei}  magoo is having fun

[15:49] {magoo} SIGH

[15:50] {Threei}  or should I say, his version of marital realtionship

[15:50] {dino} unusual

[15:50] {dawg} thanks magoo +.14 Q's

[15:50] {nemo} back to the sheep again

[15:50] {magoo} DAWG:)

[15:50] {Threei}  nice bounce everywhere

[15:50] {dino} 100 larisa, need 10 pts/min.

[15:50] {Threei}  told ya we were overstretched

[15:51] {hawkfan4} nice call

[15:51] {larisa} I think you are one day late, dino, tomorrow  +300:) 

[15:51] {Threei}  one day early you mean

[15:51] {magoo} [15:50] {Threei}  told ya we were overstretched

[15:52] {magoo} thanx to me getting u back in a plane

[15:52] {larisa} right 

[15:52] {Threei}  I thought your method was to go to restroom, mags...

[15:52] {fernp} good evening all

[15:53] {magoo} vad..your trading room mate will be assigned to u in bermuda...and if no one wants it...give me a call...ill fly,er um, trade with ya

[15:53] {Threei}  take care fern but FAS is trying to break

[15:53] {fernp} too late for me. see you all tomorrow

[15:53] {Threei}  okay :)

[15:53] {dino} good  evening fernp

[15:54] {Threei}  for the last one, waatch FAS qwuick drop to .20 or just under

[15:55] {Threei}  .40 break is right one chart wise, but so close to eod, I wouldn't go for it

[15:56] {Threei}  what do you know, even that worked

[15:56] {dino} 95 larisaaaaaaaaaaaaaaa

[15:56] {larisa} +200 all you get. no arguing!

[15:57] {Threei}  she is strict dino

[15:57] {dino} indeed

[15:57] {magoo} tell me about it

[15:58] {dino} mr. jones cranking

[15:58] {magoo} still in Q

[15:58] {magoo} from god knows where

[15:59] {nemo} goin'for the FAS pullback......not

[15:59] {Threei}  no

[15:59] {Threei}  1 min left

[16:00] {dino} out wmt .72, -.02

[16:00] {nemo} thus the "......not"

[16:00] {Threei}  tired as hell

[16:00] {Threei}  somehow today was exhausting

[16:00] {hawkfan4} me too

[16:00] {nemo} liquid rejuvenation

[16:00] {Threei}  have a good evening guys, see you tomorrow

[16:00] {larisa} see you tomorrow guys

[16:00] {cujo} see you all tomorrow. 

[16:00] {nemo} nite

[16:01] {hawkfan4} thx vad, nite all

[16:01] {magoo} ty vad..all

Jan 27 2009

Empty day, slightly down to breakeven  to slightly up depending on position size. SAtarted with successful scalps, moved to successful stops, then hit two good ones on RIMM (about 50 cents) albeit on half lot position, then took couple small stops on that same RIMM... all in all, not much to show for a day's work

Session Time: Tue Jan 27 00:00:00 2009

[07:56] {nemo} Gruess Gott Herrn K.

[08:05] {Threei}  Good morning

[08:05] {cujo} morning

[08:06] {Threei}  cujo :)

[08:06] {nemo} Vad :)

[08:06] {Threei}  nemo :)

[08:13] {magoo} morning 

[08:13] {larisa} good morning :)

[08:14] {Threei}  magoo, larisa :)

[08:14] {magoo} hi all..hey K..u want to see if we can get me up correctly? i must be close

[08:15] {hawkfan4} morning all

[08:16] {magoo} hawk:)

[08:16] {hawkfan4} mags :)

[08:16] {Threei}  hawk :)

[08:17] {hawkfan4} vad :)

[08:17] {Onix} Good morning all :)

[08:18] {Threei}  onix :)

[08:18] {hawkfan4} morning Onix

[08:18] {magoo} bidu news vad? up 8 +

[08:19] {hawkfan4} GERN gap down, don't see news

[08:19] {Threei}  I don't see anything on BIDU mags

[08:19] {magoo} do theyreport maybe?

[08:20] {Threei}  nope

[08:21] {magoo} bizarre...it has been really under performing of late

[08:21] {Threei}  neither do I hawk, trying to gauge if it's done or has more in it

[08:22] {magoo} real money commentators were negative on GERN yesterday

[08:22] {Threei}  ahhh

[08:23] {Threei}  big guru himself or his minions?

[08:23] {nemo} minions i think

[08:23] {Threei}  this stock never held its gains.... but there is something about this time

[08:23] {magoo} his bio analysst

[08:23] {Threei}  can't quite put my finger on it

[08:23] {Threei}  but feels different

[08:24] {Threei}  will keep an eye on it for a while

[08:29] {elepet} good morning

[08:29] {magoo} X rockin..news?

[08:29] {Threei}  elepet :)

[08:30] {Threei}  X

[08:30] {Threei}  REPORTS Q4 $2.00 V $0.71E (EX ITEMS), R $4.56B V $4.27BE

[08:30] {Threei}  - Results for Tubular in Q109 are expected to decrease significantly from Q408, although we expect to remain profitable. Shipments and average realized prices are expected to decrease in line with market trends.

[08:30] {Threei}  - Flat-rolled results for Q109 are expected to decrease substantially from Q408 primarily due to further declines in shipments as a result of lower customer demand, lower average realized prices and reduced effects from LIFO liquidations.

[08:30] {nemo} Britain is going to a 3 day work week

[08:30] {magoo} what?

[08:31] {hawkfan4} {==packing up and moving to Britain

[08:32] {nemo} Yep.  So many firms are ratcheting down. They want firms to cut back to avoid unemployment and the government to pick up the other two days.  It's being referred to Soviet Britain.

[08:32] {nemo} food sucks

[08:33] {hawkfan4} Vad or mags, what do you guys set your route to on Laser's level 2?

[08:33] {Threei}  on NASDAQ stocks, I keep it unchecked, letting laser to chose

[08:33] {Threei}  on listeds, I prefer ISLD

[08:34] {hawkfan4} ok, that helps, thanks :)

[08:34] {Threei}  on listeds left to chose laser sometimes goes to MLCO

[08:35] {Threei}  and their execution varies from instant fill when marketable order

[08:35] {Threei}  to what feels like end of the queue when I try to offer or bid

[08:35] {hawkfan4} yeah, that's why i asked, had a few times where i couldn't figure out why i didn't get filled, was always MLCO

[08:35] {Threei}  yup, try ISLD

[08:35] {Threei}  these ECN-infested days, it's as instant as NASDAQ

[08:36] {hawkfan4} cool beans, save me some head scratching

[08:37] {Threei}  originally, Laser was designed as NASDAQ-oriented software

[08:37] {Threei}  since listeds were kind of last century in terms of electronic fills

[08:37] {Threei}  Laser's routes to NYSE did best possible at the time

[08:38] {Threei}  but natural limitations of the exchange still used to keep NYSE/AMEX fills below the part vs NASDAQ

[08:38] {Threei}  then progress came to listeds

[08:38] {Threei}  and Laser's configuration became as relevant for them as it was for NASDAQ

[08:38] {hawkfan4} it's such a great platform, i'm sorry i resisted it for so long.  I still haven't figured out the auto stops, but i don't need them very often anyway

[08:38] {Threei}  kind of, mountain came to prophet

[08:39] {nemo} lol

[08:39] {Threei}  there is nothing to figure out, really :)

[08:39] {Threei}  dcc me when things slow down, you'll know how to use them in 3 minutes

[08:39] {magoo} vad, where do u have those settings so i can confirm

[08:39] {hawkfan4} cool, i will, thx vad

[08:41] {Threei}  mags, you can right click Level 2 and in Default Method type ISLD for listeds

[08:41] {magoo} in defaualt..i have INET typed in NAS

[08:41] {magoo} Listed blank

[08:42] {Threei}  if you ever see it going to MLCO, means it still has some feedom of choice in certain circumstances

[08:42] {Threei}  then just chak box Route On/Off, and pick ISLD in dropdown menu

[08:42] {magoo} so leave NAS blank and type ISLD in LISTED?

[08:42] {Threei}  it will nail execution to ISLD for sure

[08:42] {Threei}  why leave NAS blank?

[08:43] {Threei}  leave it INET, as it is

[08:43] {Threei}  [08:41] {magoo} in defaualt..i have INET typed in NAS

[08:43] {Threei}  leave it as it is

[08:43] {Threei}  type ISLD in Listed

[08:43] {hawkfan4} watching X for a bounce

[08:43] {hawkfan4} in .55

[08:44] {Threei}  but with listeds it's not always that straightforward

[08:44] {magoo} ok, but cant type it in...how i get the pop up?

[08:44] {Threei}  so chacking that box and picking ISLD is surefire method to keep your route where you want it

[08:45] {Threei}  can't type it in?

[08:45] {magoo} which box? sorry

[08:45] {Threei}  Route On/Off in execution panel

[08:45] {Threei}  see it?

[08:46] {Threei}  right in the middle

[08:47] {magoo} in the middle of lev 2 trading sttings?

[08:47] {Threei}  execution panel

[08:47] {Threei}  where your buy/sell buttons are

[08:47] {hawkfan4} right above the Limit Buy button

[08:47] {Threei}  in mysetup it's to the right of Cancel button

[08:49] {magoo} my set up only has sell cancel

[08:49] {magoo} buy buttons

[08:49] {Threei}  nice catch on X hawk

[08:49] {Threei}  ok mags, to see the same panel as I see, do this:

[08:50] {Threei}  in Menu, click:

[08:50] {Threei}  View

[08:50] {Threei}  and make sure following two lines are checked:

[08:50] {Threei}  Level II Mouse style

[08:50] {Threei}  Level II Button style

[08:51] {Threei}  now you should see buttons: Limit sell, limit buy, market sell, market buy, cancel

[08:51] {magoo} i see that

[08:52] {Threei}  in the middle, you have box Route On/Off

[08:52] {Threei}  check it, dropdown menu under Route goes live

[08:52] {Threei}  pick your route

[08:52] {Threei}  uncheck it, laser will pick route by itself

[08:52] {hawkfan4} out X .79, +.24

[08:53] {Threei}  got it?

[08:53] {dino} gm

[08:53] {magoo} i checked it..

[08:53] {Threei}  dino :)

[08:53] {Threei}  that's not godd hawk... we are asleep yet and ou zalready are making money

[08:54] {elepet} drys moving up

[08:54] {Threei}  08:16am Baltic Dry Bulk Index +0.9%, sixth straight increase

[08:54] {magoo} so ii pick island under route..then uncheck route on/off?

[08:54] {Threei}  no

[08:55] {Threei}  don't unchek it unless you want to allow laser to pick the route

[08:55] {Threei}  keep it checked while you are on listed

[08:55] {Threei}  on NASDAQ, it doesn't really matter

[08:55] {Threei}  I prefer to keep it unchecked when on NASDAQ,

[08:55] {Threei}  because on market orders it behaves somewhat differently

[08:55] {magoo} oh ok

[08:55] {Threei}  and gives better fills if picks route itself

[08:56] {Threei}  not that I use market orders much

[08:56] {Threei}  but emergency sneaks up on you when you least expect it

[08:56] {magoo} TY

[08:56] {nemo} vad...how do you set font size again?

[08:57] {Threei}  right click Level 2, tab Level II style

[08:57] {nemo} duh? ty

[09:00] {Threei}  NOV CASE SHILLER HOME PRICE INDEX: 154.59V 158.16 PRIOR;

[09:00] {cosmo} NFLX:   Netflix profit jumps 45% as expenses decline

[09:00] {cosmo} 5:59 PM ET, Jan 26

[09:01] {KSystems} Good morning!!

[09:01] {Threei}  ks :)

[09:01] {nemo} Hey, who bought X.  Might as well take the rest of the day off

[09:06] {patience} good morning RT   :)

[09:07] {Threei}  patience :)

[09:09] {fernp} hello everybody

[09:09] {Threei}  fern :)

[09:11] {KSystems} good morning buyemsellem

[09:11] {_buyemsellem} good morning

[09:12] {Threei}  morning buythem, welcome

[09:12] {_buyemsellem} thank you

[09:12] {hawkfan4} gm buyem

[09:16] {Threei}  I don't see clean opening plays yet

[09:17] {Threei}  SLW got a bit by aftermarket news... gotta let it trade to see how market reacts

[09:17] {Threei}  AUY, chart wise, pulled back into that C&H break that we played yesterday at the open,

[09:18] {nemo} that news was net positive for trading...gets the fiscal noose from around SLW's neck

[09:18] {Threei}  but it did dip to 7.80 yesterday

[09:18] {dptl} gm all

[09:18] {Threei}  that's the working assumption nemo, yes... just want to see market action confiriming that

[09:18] {Threei}  dp :)

[09:19] {nemo} yeah..Bill's opening commentary this morning

[09:21] {brian3579} today or tomorrow is my last day just wanted to thank everyone for the help.  I learned so much from just following everyone's setups.  Thank you again and good luck to you all

[09:22] {Threei}  good luck brian, you knowwhere to find us when you miss us

[09:22] {dino} good luck to you brian

[09:22] {hawkfan4} take care brian

[09:22] {dino} welcome to the jungle buy&sell

[09:23] {magoo} take care brian

[09:24] {Threei}  keeping an eye on ABAT

[09:24] {brian3579} :)

[09:24] {Threei}  in case it becomes tradeable spread wise

[09:24] {nemo} see DRYS?

[09:24] {Threei}  electric batteries for cars

[09:25] {Threei}  (US) SENATOR JACK REED: A "BAD BANK" IS SOMETHING CONGRESS MUST CONSIDER

[09:25] {Threei}  no fresh news on DRYS

[09:26] {magoo} drys personna has changed last few sessions

[09:26] {gen} gm everybody :)

[09:26] {magoo}  not as powerful off the opening bell

[09:26] {Threei}  gen :)

[09:26] {Threei}  yeah, former clear pattern of stunning jump was not there lately on DRYS

[09:27] {Threei}  3 zone is a breakout for ABAT...

[09:27] {dino} use drys on nat, tbsi

[09:27] {gen} Vad :)

[09:27] {Threei}  spread is horrific

[09:28] {nemo} Yeah, I already have too much gray and too little overall to trade THAT!

[09:29] {Threei}  guy who bought 3.45 - 3.50 wonders what the hell he was thinking

[09:29] {nemo} Been there, done that, got the scars to prove it.

[09:29] {dino} t smackdown

[09:30] {cujo} RIMM strong selling

[09:31] {ese} morning

[09:31] {Threei}  ese :)

[09:31] {Threei}  NURO...

[09:31] {Threei}  impressive gap

[09:31] {Threei}  colatile thing

[09:31] {dino} afam spike

[09:31] {Threei}  volatile too

[09:32] {cujo} he he

[09:32] {Threei} Long Setup:  DRYS  .85

[09:32] {Threei}  stop under .70

[09:33] {KSystems} in

[09:33] {cujo} in

[09:33] {magoo} in

[09:34] {Threei}  let's move stop to under .75

[09:35] {ese} in

[09:35] {Threei}  want to control it tight, and if those big bids get hit we have no business to be in

[09:36] {Threei}  1:1 DRYS

[09:36] {Threei}  make your choice

[09:36] {KSystems} half out

[09:37] {tomg} ty vad

[09:37] {Threei}  welcome tom

[09:37] {ese} out on 1/2 lot

[09:37] {Threei}  if trying to hold second half, stop to under .80

[09:37] {ese} .99 tks vad

[09:37] {Threei}  ese :)

[09:38] {Threei}  if breaks 12, stop to breakeven

[09:38] {magoo} im trying to catch a move with it

[09:38] {Threei}  and see if you get a sharp jump to exit into

[09:38] {Threei}  DRYS is sure capable of one

[09:40] {cujo} out 1:1anks Vad

[09:40] {cujo} thanks

[09:40] {Threei}  cujo :)

[09:40] {dino} eqix strong last couple days

[09:40] {cujo} BTW got the BVO

[09:40] {Threei}  cool beans

[09:40] {dino} 55 trig sm l imo

[09:40] {Threei}  let me know how you enjoy it as you go through it

[09:41] {_buyemsellem} nice call thank you

[09:41] {cujo} will do. 

[09:41] {Threei}  12 broken, no real jump

[09:41] {Threei}  stop to breakeven, do NOT lose money on this trade

[09:41] {Threei}  welcome buythem

[09:41] {Threei}  or em

[09:42] {Onix} ty Vad, got some in DRYS

[09:42] {dino} algt interesting

[09:42] {Threei}  onix :)

[09:42] {_buyemsellem} thank you, that's a fine welcome

[09:42] {Threei}  now, watch where it bottoms out if not stopped,

[09:42] {Threei}  and as it breaks 12 again trail stop to under that new bottom

[09:43] {dino} sm l algt .50, risky, wide

[09:44] {nemo} slw might be double bottoming from low of yesterday

[09:44] {Threei} Short Setup: LLTC  .35 half lot if stays under .50

[09:44] {Threei}  actually

[09:44] {Threei}  .37 is even better trigger

[09:45] {Threei}  lol, 1:1 in a hurry

[09:45] {Threei}  if missed, do not chase

[09:45] {magoo} missed//it was .40

[09:45] {magoo} thebn boom

[09:45] {Threei}  that was really fast

[09:47] {cujo} that was fast 

[09:47] {cujo} got out before i even put my stop in

[09:47] {Threei}  you caught it cujo?

[09:47] {cujo} great call

[09:47] {Threei}  good reflexes

[09:47] {cujo} yeah +.10 thanks

[09:47] {cujo} i'm jumpy if nothing else

[09:48] {Threei}  sheesh NFLX

[09:48] {Threei}  HEARING DEALREPORTER SAYS SNY MAY BE INTERESTED IN ACQUIRING CRXL

[09:48] {dino} gj

[09:49] {Threei}  GERN has identity crisis

[09:50] {cujo} thanks dino

[09:50] {Threei}  "am I a runner? am I dead in the water?"

[09:52] {tomg} ice storm here, lights dimming, so will just watch for rest of day. got lltc, ty vad :) 

[09:52] {Threei}  tom :)

[09:53] {dino} gj tom

[09:54] {tomg} ty dino

[09:54] {Threei}  ADBE

[09:54] {Threei}  half lot long as close to 20 as you can get

[09:54] {Threei}  watch market for upticks before you enter

[09:55] {Threei} Long Setup:  BBY  .35 half lot

[09:55] {Threei}  if styas above .20

[09:55] {Threei}  stop under 20 ADBE if you caught it

[09:59] {Threei}  bounce time market

[09:59] {Threei}  JAN RICHMOND FED MANUFACTURING INDEX: -49 V -50E

[10:00] {Threei}  JAN CONSUMER CONFIDENCE: 37.7 V 39.0E

[10:01] {Threei}  no worky ADBE

[10:01] {ese} L STLDE .40 3/4

[10:01] {ese} STLD

[10:02] {Threei}  for some wierd reason market got all upset by bad numbers

[10:03] {Threei}  BBY is holding surprisingly well while market sells down

[10:03] {nemo} no competition with Circuit City going out of business :)

[10:03] {fernp} cover RF +.15 and DELL +.15

[10:03] {Threei}  nice scalping footwork fern

[10:04] {dino} beauty fernp

[10:04] {fernp} ty

[10:04] {Threei}  awww... BBY gave up

[10:04] {cujo} stopped BBY

[10:04] {Threei}  stopped

[10:04] {Threei}  most likely shakeout

[10:04] {Threei}  but what doesn't work, doesn't work

[10:06] {fernp} what happened with BBY -30 cents in two seconds 

[10:06] {Threei}  airpocket...

[10:06] {fernp} stopped

[10:06] {Threei}  one of reasons you don't use hardwired stops

[10:06] {dino} gaps filled

[10:06] {cujo} what are hardwired stops?

[10:07] {Threei}  manual will give you normal fill just under .20

[10:07] {Threei}  software stop will most likely take you out much lower on such sharp spike down

[10:07] {nemo} pre-set orders cujo

[10:07] {cujo} ahh thanks. 

[10:07] {fernp} if I only have one open position then I use manual stops

[10:07] {gen} bye everybody i'm done  have to come back to work :(

[10:07] {Threei}  take care gen

[10:08] {cujo} se eya gen

[10:08] {gen} :)

[10:08] {ese} out STLD  +.03   don't what market wants o do

[10:09] {fernp} but with 3 open positions i feel safer with stops limit orders 

[10:09] {Threei}  STLD is a salmon

[10:09] {ese} bad decision...up .20

[10:09] {nemo} 'xplain salmon in this context?  Swimming up river?

[10:10] {ese} salmon?  I must have missed that discussion

[10:10] {Threei}  yup

[10:10] {Threei}  against the current

[10:10] {nemo} they die after sex too

[10:10] {ese} ah ha

[10:10] {cosmo} exactly

[10:10] {nemo} better than male black widow spiders, they get eaten by the females

[10:11] {dino} apol again es

[10:12] {dino} esi holding

[10:14] {cujo} ALGT forming a big cup?

[10:14] {ese} L HLTH .91 3/4

[10:14] {Threei}  ALGT is beyond my risk tolerance

[10:14] {ese} hmmmm that probably should have been a 1/2.....we'll go with it

[10:15] {dino} yeah, a bit jumpy

[10:17] {dino} todays the day we close up 200

[10:17] {cujo} in HLTH as well es .91

[10:17] {cujo} stop at .75?

[10:18] {ese} and were off

[10:18] {ese} setup looks good....a little market help would be nice

[10:18] {cujo} yup

[10:19] {ese} have got my stop at .84.....because i probably should have been 1/2 lot on this one

[10:20] {cujo} thanks

[10:21] {Onix} AKS?

[10:21] {dino} only 199 to go

[10:21] {larisa} lol

[10:21] {dino} :)

[10:22] {ese} actually cujo...this is a cup and handle setup on the 1min chart.....just noticed that...should work in our favor

[10:22] {Threei}  nothing compelling here onix

[10:22] {Onix} ty

[10:23] {dino} fyi fed today and tomorrow, not that any changes should occur

[10:28] {Threei}  STT got perky all of a sudden

[10:29] {ese} stopped HLTH -.07 

[10:30] {Threei} Long Setup:  STT  .90 break if holding above .80

[10:30] {nemo} feels like flossing with barbe wire out there

[10:30] {Threei}  lol

[10:30] {Threei}  I have too vivid imagination

[10:30] {nemo} too many experiences from homeland

[10:31] {KSystems} in STT

[10:32] {cujo} in as well KS

[10:32] {Threei}  market can't find firm footing

[10:33] {Threei}  ok, bounce time

[10:33] {magoo} cant remember last session it could sigh

[10:33] {Threei}  you are kidding

[10:33] {Threei}  we had very strong recoveries on regular basis

[10:34] {magoo} your dreaming

[10:34] {Threei}  eeck

[10:34] {Threei}  were you even here?? :)

[10:34] {nemo} take your meds mags

06[10:35] * Threei kicks stt in the rear

[10:35] {cujo} harder

06[10:37] * Threei kicks STT in the rear harder per cujo's request

[10:37] {magoo} nice kick

[10:37] {ese} long TWTC 3/4 .06

[10:37] {cujo} thanks

[10:37] {nemo} how long your boots last with all this kickin'?

[10:37] {ese} cujo you still hangin in hlth

[10:37] {cujo} nope

06[10:38] * Threei quietly thinks that with nick like that cujo could be very effective in this violence thing

[10:38] {cujo} out flat

[10:38] {cujo} you?

[10:38] {Threei}  market is ready for the next leg up

[10:38] {ese} nope out -.07....it hit my stop

[10:38] {Threei}  don't shake us out STT

[10:38] {magoo} try being nice to it

[10:38] {magoo} it worked yestyer

[10:39] {ese} was still a good trade...setup was right

[10:39] {Threei}  I exhausted my niceness yeaterday, mags :(

[10:39] {cujo} stop

[10:39] {Onix} stppoed STT

[10:39] {nemo} well doesn't this just suck

[10:40] {KSystems} stt stopped

[10:40] {cujo} grrr

[10:40] {cujo} ehh

[10:40] {Threei}  oh great... go in the depth of desperation

[10:40] {Threei}  you guys...

[10:40] {nemo} see this: http://www.bloomberg.com/apps/news?pid=20601087&sid=a6VFHYPYRB9k

[10:40] {Threei}  stop these overly emotional reactions

[10:40] {nemo} Putin's got a mommy complex

[10:41] {cosmo} TLAB may test hod ...cheer up

[10:41] {nemo} yeah...and I'm tall

[10:41] {Threei}  Dont ask for anything and dont complain about anything... heh

[10:41] {Onix} stops saves us from bigger losses

[10:42] {Threei}  this is actually Russian prison saying

[10:42] {nemo} who's the prison "chicken"

[10:42] {cosmo} sounds chow lin to me

[10:44] {cosmo} shaolin that is

[10:44] {nemo} buddhists...

[10:45] {cosmo} sorta

[10:46] {nemo} yeah...sorta' not, makes nice cover

[10:46] {Threei}  so much for Geithner rally

[10:47] {Onix} :D

[10:47] {Onix} no market saviour in sight

[10:47] {Threei}  knight in shining armor is coming

[10:48] {Threei}  I am sure

[10:48] {cosmo} k then, ... let go / let budda

[10:48] {nemo} You got a fever vad?

[10:48] {dino} apol sm l .20

[10:48] {Onix} i think his horse went lame :/

[10:49] {hawkfan4} i've got a fever, and the only prescription is...more cowbell!

[10:49] {dino} stop is .87

[10:49] {nemo} Cowbell?  huh?

[10:50] {Onix} Off to work now, try and have some fun while i'm away

[10:50] {hawkfan4} saturday night live skit

[10:50] {Threei}  take care Onix... if you meet that knight stay away from him

[10:50] {nemo} sorry, haven't watched SNL since the 70s

[10:50] {Threei}  I have a feeling he will finish the market off with his slavation attempts

[10:50] {Onix} :D

[10:50] {nemo} merely a flesh wound vad

[10:51] {Threei}  let's hope

[10:51] {hawkfan4} i used to do drugs in the 70's, now i don't care what the temperature is

[10:51] {cujo} ha ha

[10:51] {cujo} nice

[10:51] {hawkfan4} :)

[10:52] {Threei}  RIMM, double bottom

[10:52] {Threei}  umm... jumped

[10:52] {nemo} I can't remember if I did drugs in the 70s...I guess that's a clue right there

[10:52] {Threei}  no chasing, see if you can get pullback closer to .30

[10:52] {Threei}  ugh... was available .31 -.32 when I spotted it

[10:53] {cosmo} nemo... do you still care about the temoerature? ... hawk doesent...

[10:53] {cosmo} temperature

[10:54] {nemo} no, Vad's temperature when he talked about the savior

[10:55] {nemo} as in "fever"

[10:55] {Threei}  so far, useless day

[10:55] {Threei}  threading water

[10:56] {Threei}  why was I late on RIMM... such clean play

[10:56] {hawkfan4} very, lousy action so far

[10:56] {nemo} fever?

[10:56] {cosmo} walking on it is better

[10:56] {cujo} fever for more cowbell

[10:57] {nemo} we need help

[11:00] {cosmo} TLAB hod = 4.26  fwiw

[11:03] {Threei}  if market jumps up here, DRYS is a candidate for recovery

[11:03] {Threei}  .40 is pronounced support

[11:04] {Threei}  hopefully holding above .50 to provide us with tighter stop

[11:04] {Threei}  .57 big offer

[11:04] {Threei}  .59 too though, lol

[11:04] {Threei}  discretionary trade guy

[11:05] {Threei}  take it if feel like it... ignore if don't

[11:05] {Threei}  best scenario would be pullback closer to support and scalp on bounce

[11:05] {dino}  apol stop to .63

[11:05] {Threei}  NSXX chases down with his offer

[11:06] {Threei}  good thing actually

[11:06] {Threei}  would be lovely to see him chasing it down under .50 and getting taken there

[11:06] {dino} stopped +.42

[11:06] {hawkfan4} nice

[11:06] {Threei}  gives us much better entry point and tighter stop

[11:07] {nemo} he's gone to .52

[11:07] {Threei}  yes

[11:07] {fernp} stop is under .40, no?

[11:07] {Threei}  if triggers, yes

[11:08] {dino} ty hawk

[11:08] {Threei}  ok

[11:08] {Threei}  in

[11:08] {hawkfan4} aks .47

[11:08] {Threei}  market jump

[11:08] {Threei}  gotta take it somewhere

[11:08] {Threei}  got .51 - .53

[11:08] {Threei}  .60 is clear resistance to break for the next leg up

[11:09] {Threei}  half out .63

[11:09] {Threei}  beauty of aggressive entries

[11:09] {Threei}  stop to .45

[11:12] {fernp} out if full .62

[11:12] {fernp} in

[11:12] {Threei}  natural born scalper eh?

[11:12] {fernp} +.09 ty

[11:12] {Threei}  good reflexes fern

[11:12] {Threei}  that NSXX was dead giveaway

[11:13] {Threei}  and sharp market spike shaped it up

[11:15] {Threei}  I'll be anal-retentive and trail stop to .49 here

[11:15] {Threei}  not that 4 cents matter all that much on remaining half lot, just doing things by the book

[11:16] {magoo} go mkt goooooooooo\

[11:16] {magoo} prove my whining wrong

06[11:16] * Threei envisions magoo kicking market with both feet

06[11:17] * magoo slaps &Threei around a bit with a large with spear magoo took from rambo after rambo was done using it to get wild boar

[11:18] {Threei}  did you clean that up to avoid infections?

[11:18] {hawkfan4} out aks .69 +.22

[11:18] {Threei} Long Setup:  RIMM  .40 half lot if market spikes again

[11:18] {Threei}  and RIMM stays above .25

[11:19] {magoo} yup..heated it in rambos warm fire coals first

[11:19] {Threei}  ty

[11:19] {Threei}  that's very considerate of you

[11:20] {cosmo} tlab test

[11:20] {Threei}  no pun intended cos?

[11:20] {cosmo} always

[11:20] {Threei}  RIMM is ready

[11:21] {magoo} in RIMMbo

[11:21] {Threei}  market will decide its fate as always

[11:21] {Threei}  but stop is tight enough

[11:21] {Threei}  and NASDAQ looks ready to 'ally

[11:22] {cujo} in RIMM .43

[11:22] {Threei}  come on NQ, break 1195

[11:23] {Threei}  and jump like crazy antelope

[11:23] {KSystems} drys stop for the rest still .49?

[11:23] {nemo} being chased by lion

[11:23] {Threei}  yes KS

[11:24] {Threei}  RIMM is very willing, needs just a nod from NASDAQ

[11:24] {Threei}  and guys... I know, RIMM is volatile animal

[11:24] {Threei}  but it does look like more than scalp

[11:25] {Threei}  maybe sell 3/4

[11:25] {Threei}  about here

[11:25] {Threei}  and just leave the rest

[11:25] {Threei}  53 is real possibility

[11:26] {cujo} out +.14 thanks Vad

[11:26] {Threei}  welcome

[11:27] {magoo} waiting .87

[11:27] {Threei}  DRYS lost connection with market

[11:28] {Threei}  RIMM{ on the other hand is stronger than market

[11:28] {cujo} strong like bull

[11:28] {Threei}  over 1:2

[11:30] {magoo} out .87 TY boss

[11:30] {Threei}  out .92

[11:30] {Threei}  +.50

[11:30] {cujo} nice trade

[11:30] {Threei}  day becomes brighter

[11:30] {magoo} i may rekload it pulls back

[11:31] {cujo} top tick ;)

[11:31] {Threei}  no... .97 is top

[11:31] {hawkfan4} +.49 rimm, thx vad

[11:31] {cujo} what area you thinking magoo?

[11:31] {Threei}  hawk :)

[11:31] {cujo} for reload .50?

[11:31] {Threei}  [11:25] {Threei} 53 is real possibility {--- crystal ball got clear for a second here

[11:32] {Threei}  shoulder though is in pain

[11:33] {nemo} it hasn't been that great a day

[11:33] {cujo} better second half

[11:33] {nemo} still morning...got time

[11:33] {magoo} cujo..need to watch couple things..pullsback...and mkt strength resumes

[11:34] {cujo} thanks magoo

[11:34] {KSystems} thanks for RIMM Vad!

[11:34] {magoo} so if gets near .50 and mkt resumes..

[11:34] {Threei}  so what nemo, I use every good trade to exercise that back-patting motion

[11:34] {Threei}  ks :)

[11:34] {nemo} self-gratification

[11:34] {magoo} see Q chart red bars..so no go here

[11:35] {cujo} ouch on the NAZ chart

[11:42] {Threei}  another drop is coming

[11:42] {nemo} in RIMM market both all?

[11:42] {Threei}  market

[11:43] {nemo} Vadrodamus

[11:43] {Threei}  RIMM is a follower for the most part

[11:45] {Threei}  drop, jump

[11:45] {Threei}  no rhythm

[11:46] {KSystems} and .70

[11:46] {KSystems} sorry

[11:47] {hawkfan4} STLD .73, stop .59.  1/2. volatlile thing

[11:50] {dino} apol sm l .40

[11:59] {Threei}  listless action in the market

[11:59] {Threei}  liking how RIMM is holding though

[12:01] {Threei}  US CONGRESSMAN FRANK: OPEN TO INCREASING SIZE OF TARP IF THE ADMINISTRATION CAN DEMONSTRATE A NEED FOR IT

[12:01] {Threei}  suuure

[12:01] {Threei}  what's a hundred billions between friends

[12:01] {nemo} a lot of toilet paper

[12:03] {Threei}  let's watch RIMM for forming new support close to break level, for 53 long trigger on market bounce

[12:03] {larisa} can i have a roll of 4-ply :)

[12:03] {nemo} what grit?

[12:04] {Threei}  .85 support so far

[12:05] {Threei}  over 1:1

[12:05] {Threei}  half out who got it

[12:05] {Threei}  or scalp

[12:05] {magoo} i did

[12:06] {Threei}  can't tell with these market jumps

[12:06] {dawg} i did ty

[12:06] {Threei}  welcome

[12:06] {Threei}  typical salmon play

[12:06] {_buyemsellem} yes, ty

[12:06] {Threei}  :)

[12:06] {Threei}  who partialled, stop to under 53

[12:07] {cujo} out .27

[12:07] {magoo} out .25 TY boss

[12:07] {Threei}  good job guys

[12:08] {Threei}  that's the way to handle the day

[12:08] {magoo} nice call

[12:08] {Threei}  just plug along on valid setups

[12:08] {cujo} thanks Vad

[12:08] {Threei}  shrug off stops, they mean nothing - as long as you keep them

[12:08] {Threei}  REPORTEDLY HOUSE REPUBLICAN LEADERSHIP ARE URGING MEMBERS TO VOTE AGAINST THE STIMULUS BILL

[12:12] {dino} i vote that way too. let capitalism work

[12:13] {nemo} hehehe...no such thing here

[12:14] {Threei}  nah dino... haven't you heard? capitalism discredited itself

[12:14] {Threei}  it's all governement now

[12:14] {Threei}  'cause it knows best

[12:19] {dino} 124 to go

[12:19] {Threei}  I wonder whether we hear about 5 years plan soon

[12:20] {magoo} RIMM strong

[12:20] {Threei}  mags... stop that... Master of the Obvious is MY title

[12:20] {dino} it's a 3 year as it is $26b this year

[12:21] {magoo} but u taught me that

[12:22] {Threei}  in a perverse way... it actually makes sense

[12:22] {hawkfan4} out STLD .93, +.20.  Watching it for 12 break

[12:22] {Threei}  good one hawk

[12:22] {cujo} nice one hawk

[12:22] {hawkfan4} thx :) steels following X, keeping one eye on it

[12:23] {dino} gj

[12:24] {Threei}  way to find correlations

[12:24] {hawkfan4} been a while

[12:24] {hawkfan4} thx dino

[12:25] {Threei}  this is very unusua; stock for me to bring to your attention... but hard t ignore this slow steady buying

[12:25] {Threei}  NURO

[12:26] {nemo} awful thin though

[12:26] {nemo} scarrrrry

[12:26] {cujo} scalp?

[12:27] {Threei}  I don't know cujo... like I said, not my normal stock

[12:27] {Threei}  showing it to you, who sees a play in it, will use it

[12:27] {cujo} got ya.  Thanks. 

[12:28] {dino} theres 100

[12:29] {Threei}  can I get a do-over and change 53 to 54 in my RIMM read?

[12:29] {magoo} u and magoo both

[12:31] {hawkfan4} STLD .99, skeery one, tight stop

[12:34] {hawkfan4} nah, dumped .96, rather wait for the break

[12:42] {Threei}  doesn't feel like we will get next leg up now

[12:42] {Threei}  market rather feels ready to roll over

[12:43] {nemo} time to short????

[12:44] {Threei}  not confident enough to short, but staying away from trying to go long here

[12:44] {Threei}  RIMM didn't even try to touch high on this last market little spike

[12:45] {Threei}  neither did STLD

[12:45] {hawkfan4} yep

[12:45] {nemo} RIMM was runnin' up against recent resistance also

[12:46] {Threei}  quite sharp downturn

[12:46] {hawkfan4} great read vad

[12:46] {Threei}  ty

[12:50] {_jamielee} when's your last position of RIMM out, Vad? at around .30?

[12:50] {Threei}  yes jamie

[12:51] {_jamielee} ty Vad

[12:51] {Threei}  sure

[12:52] {dino} apol stop to .82

[12:52] {dino} to .90

[12:54] {dino} stopped apol .90, +.50

[12:55] {cujo} nice trade dino

[12:55] {hawkfan4} nice

[12:55] {dino} ty

[12:56] {nemo} Interesting...S&P kissed 850 twice...looks like it might headed back to try again

[12:57] {dino} wants 857-862 imo

[12:58] {dino} whippy today

[12:59] {hawkfan4} very

[12:59] {larisa} not if you bought in the morning and waiting for dino's +200 :)

[13:00] {dino} lol

[13:00] {dino} 3 hours to go

[13:01] {dino} i guess i was 1/2 right so far

[13:02] {larisa} hey! do not cheat :) 

[13:02] {dino} ;)

[13:05] {dino} apol new lows

[13:06] {dino} esi dump

[13:07] {Threei} Short Setup: RIMM  .40 if stays below .50

[13:07] {KSystems} in

[13:08] {Threei}  no worky

[13:08] {Threei}  feels like short still

[13:09] {KSystems} out

[13:09] {Threei}  aggressive entry is probably better way to try it

[13:12] {Threei}  with next market drop should go to 53, but finding entry is tricky

[13:15] {Threei}  same setup is valid again... third try of the bottom is more likely to break

[13:15] {fernp} IN

[13:15] {KSystems} half lot this time, wider stop

[13:15] {dptl} stop stil .50?

[13:16] {Threei}  topped at .52

[13:16] {Threei}  so .55

[13:16] {dptl} ok ty

[13:17] {dino} apol sm l .00

[13:17] {dino} risky

[13:17] {Threei}  die RIMM

[13:18] {dptl} it will...bidding 53

[13:18] {Threei}  ok, bidding 53.01

[13:18] {dptl} :)

[13:18] {KSystems} no partialling?

[13:18] {cujo} :)

[13:19] {hawkfan4} .04

[13:19] {Threei}  hmmm... no .02 or .03?

[13:20] {Threei}  come on RIMM, you are in downtrend now

[13:20] {fernp} 53.01???? if touch 53.25 I am out

[13:20] {cujo} down with RIMM

[13:20] {Threei}  they are greedy fern

[13:20] {dptl} greed is good

[13:22] {Threei}  sigh

[13:22] {cujo} RIMM evil

[13:22] {dptl} stopped

[13:22] {KSystems} stopped

[13:23] {fernp} stopped

[13:23] {Threei}  this market spike broke the trend

[13:25] {Threei}  the only thing I can attribute this spike to is:

[13:25] {Threei}  (CL) CHILEAN FINANCE MINISTRY NOTES IT IS NOT PLANNING TO ISSUE A $600M EUROBOND

[13:29] {Threei}  who is plugging and unplugging market every 3 minutes?

[13:30] {nemo} Where's Paulson now?

[13:30] {Threei}  you think Geithner forgot to take the button from him?

[13:31] {nemo} hehe

[13:31] {larisa} new guy is playing with it..

[13:31] {Threei}  or they just through quick training?

[13:31] {Threei}  "lookie here Geithner0buddy, push it to drop the market

[13:31] {Threei}  or this one to prop it"

[13:31] {Threei}  "can I try it paulie?"

[13:32] {Threei}  "sure, go ahead"

[13:32] {Threei}  and we sit here trying to read it

[13:35] {dino} sm l wynn .60

[13:36] {dino} cvtx drop

[13:36] {Threei}  US) PRESIDENT OBAMA: STIMULUS PACKAGE WILL NOT GET 100% SUPPORT, CONTINUES TO WELCOME GOOD IDEAS FOR THE STIMULUS

[13:37] {Threei}  PIMCO REPORTEDLY DISAGREES WITH LIKELIHOOD THAT US BANKS WILL BE NATIONALIZED

[13:37] {dino} shocking......not 100%. who does he think he is expecting 100%

[13:38] {Threei}  (US) HOUSE REPUBLICAN LEADERSHIP NOTES TODAY'S VOTE REPRESENTS THE FIRST STEP IN PROCESS OF PASSING A STIMULUS PACKAGE

[13:38] {nemo} PIMCO  BFD

[13:38] {Threei}  the one dino?

[13:38] {nemo} Geez gotta' put a stake in RIMM

[13:39] {Threei}  and use garlic

[13:39] {nemo} silver bullets

[13:39] {Threei}  thing got new lease on life

[13:39] {dino} as in neo?

[13:39] {nemo} Gollum

[13:40] {dino} matrix i was thinking, the one

[13:40] {nemo} I understand

[13:40] {Threei}  54 be broken

[13:41] {dino} out apol .70, +.70

[13:41] {Threei}  I have no slightest idea how to read these sudden jerks

[13:42] {dino} buy the blood

[13:42] {Threei}  but there is slightest indication where it ends

[13:42] {dino} or were you talking about nemo?

[13:42] {Threei}  lol

[13:42] {dino} i crack me up

[13:42] {Threei}  it bounces and drops off random points

[13:43] {nemo} funny, I was wondering that myself...and what's worse, I can't retaliate

[13:43] {dino} i prefer perculiar points

[13:43] {dino} wow, misspelled that

[13:43] {nemo} huh?

[13:44] {Threei}  misspelled is nothing... try this for a size:

[13:44] {Threei}  {dino} i crack me up

[13:44] {larisa} lol

[13:44] {nemo} wonder if his shoulder hurts too?

[13:44] {dino} well i did

[13:46] {dino} :)

[13:48] {nemo} dino, coming to the Bahamas?

[13:49] {dino} i can't,. will be in myrtle beach

[13:49] {Threei}  i2romantis does

[13:49] {nemo} does what?

[13:49] {Threei}  comes to bahamas

[13:49] {nemo} ohhhh

[13:50] {dino} cat getting hit

[13:50] {Threei}  who just bought 43K of RIMM?

[13:50] {Threei}  hawk, you partialled in?

[13:50] {hawkfan4} took a 1/2 position ;)

[13:51] {Threei}  yeah, thought so

[13:51] {hawkfan4} i'll add the other 43k if it pulls back a bit

[13:51] {Threei}  or if breaks the high?

[13:52] {nemo} DRYS look like it's bottoming?

[13:52] {Threei}  coin toss

[13:53] {Threei}  can drop more just as easy

[13:53] {larisa} was looking at it in case it breaks 0.25. never did

[13:53] {larisa} 0.05 range for looong time, freaky :)

[13:54] {nemo} "loooong time" reminds me of Thailand

[13:55] {Threei}  hmmm

[13:55] {Threei}  this is very very disturbing

[13:56] {Threei}  "Cosmo was convicted of a federal charge of felony fraud and swindle in 1999 and sentenced to 21 months in prison. He was released in August 2000, according to the U.S. Bureau of Prisons."

[13:56] {Threei}  http://www.reuters.com/article/newsOne/idUSTRE50Q0EQ20090127

[13:56] {Threei}  guess when cosmo has joined realitytrader

[13:57] {hawkfan4} lol

[13:59] {Threei}  now I understasnd why he asked with how many passports I travel abroad... and why he was so surprised to hear "just one"

[14:00] {Threei}  this is the wierdest market in quite a while today

[14:00] {nemo} I thought FSB guys always carrie multiples?

[14:00] {dino} wynn stopped -.35

[14:01] {nemo} DRYS sprung a leak

[14:01] {nemo} must be those pirates

[14:02] {magoo} u know DRYS really does stink

[14:02] {Threei}  today, totally

[14:02] {Threei}  lost all will to live

[14:02] {Raven} leave poor cosmo alone :)

[14:02] {Threei}  poor?

[14:03] {Raven} jailbird

[14:03] {magoo} its like there atre only 5 traders out there..and they are only buying RIMM

[14:03] {Threei}  we are talking $400 million

[14:03] {Raven} hmmm ... stinkin' cosmo never offered to share that

[14:04] {cosmo} back .... had to get my passport photo taken

[14:04] {larisa} lol

[14:04] {Raven} lol

[14:04] {cosmo} again...

[14:04] {Threei}  lol

[14:04] {Raven} and again

[14:04] {hawkfan4} geez, get out of prison, and 9 years later he has 400 million.  I must be doing something wrong :)

[14:05] {cosmo} they said i needed one with a turban

[14:05] {Raven} when did they let you out hawk?

[14:05] {cosmo} go figure...

[14:05] {hawkfan4} lol, i escaped

[14:05] {Threei}  they didn't raven

[14:05] {Raven} nice

[14:05] {Threei}  I had to drive over there with big ladder

[14:05] {Threei}  and shovel

[14:05] {Raven} over and under

[14:06] {Threei}  jeez

[14:06] {Threei}  look at this

[14:06] {hawkfan4} pure chaos

[14:06] {Threei}  what the hell is goling on with market today?

[14:06] {Threei}  I haven't seen such jerky trading in I don't know how long

[14:07] {Threei}  it's like they really are practicing with those buttons

[14:07] {magoo} same yestrerday

[14:07] {Threei}  not even close

[14:07] {magoo} yes it was

[14:07] {Threei}  sigh

[14:07] {Threei}  ok, it was

[14:07] {nemo} Here we go

[14:08] {magoo} remember  now?

[14:08] {Threei}  remember what?

[14:08] {magoo} [14:07] {magoo} same yestrerday

[14:09] {Threei}  what happened yesterday?

[14:09] {Threei}  and who is magoo?

[14:09] {magoo} this

[14:09] {dino} chaos

[14:09] {Raven} volume today even lighter than yesterday ... nobody playing

[14:09] {nemo} maybe it's ragnaroc

[14:10] {larisa} volume is coming into market. Up from here or down ?

[14:10] {nemo} yeah, volume is light

[14:10] {magoo} [14:03] {magoo} its like there atre only 5 traders out there..and they are only buying RIMM

[14:10] {Threei}  yes larisa

[14:10] {larisa} lol

[14:10] {dino} up larisa, up

[14:11] {larisa} you know dino, 1/2 right  is good in this market :)

[14:12] {dino} it's the half wrong that's the problem

[14:12] {dino} 2:00 drop

[14:13] {dino} axys

[14:28] {Threei}  US SEN DODD: OBAMA ADMINISTRATION IS MULLING POSSIBILITY OF A SO-CALLED 'BAD BANK'

[14:28] {Threei}  FED CONFIRMS APPROVAL FOR FORECLOSURE MITIGATION PROCEDURES ON MORTGAGE ASSETS OWNED OR CONTROLLED BY THE FED

[14:28] {Threei}  {FNM FRE}

[14:34] {nemo} 'ally?

[14:34] {Threei}  not 'eally

[14:35] {nemo} such a wit

[14:35] {Threei}  so''y

[14:35] {magoo} 'odger 'abbet on tv

[14:35] {nemo} yeah...right

[14:35] {Threei}  it's not a directional trading right now, not range either

[14:36] {nemo} schizo

[14:36] {Threei}  it's chaotic up and down

[14:36] {cosmo} tlab tests 4.40

[14:36] {magoo} mkts wearing me down day after day..month after month

[14:36] {magoo} herky jerk

[14:36] {elepet} is anybody else getting a little seasick?

[14:37] {dino} bear markets don't end with a bang, they wear you out

[14:37] {cujo} ehhh

[14:40] {magoo} vad..its inVESTor...not inWESTor 

[14:41] {Threei}  I do elepet

[14:41] {Threei}  or I am

[14:41] {Threei}  mags... not in my vocabulary... no idea what it means

[14:41] {elepet} good grammer.

[14:42] {magoo} well..at least pronounce it correctly he he

[14:44] {dino} apol sm l .00

[14:50] {magoo} rimm prob 55 today

[14:50] {magoo} if IF mkt pushes up into bell

[14:51] {dino} 70 minutes for 130 pts

[14:52] {magoo} if IF dino correct ill be correct

[14:52] {magoo} if not..he is wrong

[14:53] {Threei}  US ECONOMIC STIMULUS BILL CLEARS PROCEDURAL VOTE IN THE HOUSE

[14:54] {magoo} GS strong

[14:54] {Threei}  RIMM is crawling toward high too

[14:55] {Threei}  it's just that we don't know when the next sudden wave of selling out of nowhere comes

[14:55] {Threei}  these sudden waves were the only theme today

[14:55] {Threei}  for the world of me, I can't read this

[14:56] {Threei}  other than for micriscalps

[14:59] {magoo} micriscalps

[14:59] {magoo} i know..like .07 cents is it

[15:00] {larisa} dino, thanks for APOL entry post, scalped it

[15:00] {Threei}  yeah

[15:00] {magoo} just when i decided to let winners win...

[15:00] {magoo} i used to scalp

[15:00] {magoo} now wads trying for a lil more'

[15:00] {Threei}  not today mags

[15:00] {magoo} nada

[15:00] {Threei}  things change on a dime

[15:00] {dino} gj larisa

[15:01] {hawkfan4} literally, every 10 cents stocks change directions

[15:02] {dino} i had .80 on apol, didn't hit it, now .40 only, fast

[15:02] {larisa} selling hit the market again

[15:03] {Threei}  told ya

[15:03] {larisa} you usually sell on spike with volume or have target in mind? 

[15:04] {dino} yes, but was at .90

[15:04] {dino} only hit .80

[15:04] {dino} last time went to .00

[15:04] {dino} laying out at .80

[15:05] {dino} c'mon

[15:05] {dino} pappa needs some new shoes

[15:05] {larisa} Gucci shoes :)

[15:06] {Threei}  manolo blanik?

[15:06] {cujo} farragamo

[15:06] {dino} lol

[15:06] {larisa} vad  not only a beauty, but into fashion, too

[15:07] {Threei}  me?

[15:07] {Threei}  beauty?

[15:07] {Threei}  larisa... you have serious taste issues...

[15:08] {larisa} I know, this is what makes me unique

[15:10] {dino} out apol .80, +.80

[15:10] {larisa} good job playing the range

[15:10] {dino} ty, lucky

[15:11] {dino} uaua waking up

[15:18] {Threei}  poor GERN

[15:20] {elepet} i haven't looked at it since i divorced it for good yesterday +.15 for the last bit.

[15:21] {elepet} it was fun while it lasted.

[15:21] {nemo} squeezed some alimony out of it

[15:21] {elepet} yeah.

[15:21] {nemo} hallway sex at the end

[15:21] {elepet} LOL

06[15:22] * Threei blushes, closes his eyes, pretends not hear anything

[15:23] {dptl} anybody know, what symbol to use in laser for indexes like $sox $xal....???

[15:23] {dino} huh

[15:24] {nemo} soxx maybe?

[15:25] {dino} i can't help you nemo, not in it

[15:26] {fernp} in realtick is ^SOX

[15:26] {fernp} dont know in laser

[15:26] {dptl} ye in esignal its $sox

[15:26] {magoo} need the proper data feed

[15:27] {magoo} ask laserdave

[15:27] {Threei}  laserdave says nobody wears soxx with sandlas

[15:27] {dino} you're pushing it little man, :)

[15:28] {Threei}  no soup for me?

[15:28] {magoo} last person who crossed magoo does 

[15:28] {dino} ok larisa, +100

[15:28] {nemo} In the nursing home..ah asylum I'm in they do

[15:29] {larisa} nemo, how old are you :) know so much about relationships and nursing homes :)

[15:31] {dino} 12

[15:31] {nemo} it's not the years necessarily, the miles

[15:32] {dino} some are born older

[15:32] {nemo} dino-I age like a dog.  How's it feel to have the same name as a pet dinosaur?

[15:35] {dino} not bad, kind of like the name. just busting on you nemo, you crack me up

[15:37] {dino} ok, 3:40 approaches

[15:38] {nemo}  my father's name is Dino Tristano

[15:38] {nemo} Dino "the sad one"  makes sense because he had me as a son

[15:38] {dino} remember the wwf wrestler

[15:38] {nemo} Nah...haven't watched that stuff since I was a kid

[15:39] {dino} thats when he was around. the 80s

[15:39] {nemo} I grew up before the 80's

[15:39] {nemo} chronologically that is

[15:39] {larisa} lol

[15:40] {nemo} I might even be older than Vad

[15:40] {nemo} thus the nursing home...er...asylum comment

[15:45] {nemo} Enough of watching paint dry gotta' go.  Peace & Quiet 'til mornin' all

[15:46] {Threei}  take care nemo

[15:46] {cujo} see ya

[15:46] {cujo} have a good one nemo

[15:46] {larisa} bye :) did not mean to ask impolite age questions

[15:47] {dino} cya nemo

[15:47] {dino} larisa, doesn't look like the 200

[15:48] {fernp} ok. good evening all, see you tomorrow

[15:48] {Threei}  take care fern

[15:48] {larisa} we will get it tomorrow dino, today is horrible day.

[15:49] {dino} cya fern

[15:52] {Threei}  OK guys, thank you all

[15:52] {cujo} have a good one. 

[15:53] {Threei}  "horrible" is overstatement, but a very wierd day

[15:53] {cujo} see you tomorrow. 

[15:53] {hawkfan4} thx vad, odd one for sure

[15:53] {dptl} gn all

[15:53] {Threei}  should get back to norm, whatever norm is,

[15:53] {Threei}  after Fed, and after all this back and forth is over with stimulus

[15:53] {Threei}  have a good evening, see you tomorrow

[15:54] {larisa} bye

[15:54] {magoo} gonna be a long tough year

[15:54] {dino} cya cujo, dp

[15:54] {Threei}  sheesh

[15:54] {Threei}  mags

[15:54] {Threei}  stop it

[15:55] {Threei}  it's going to be the best trading year since 2003

[15:55] {larisa} YHOO reports in couple min, are we interested ?

[15:55] {magoo} im watching

[15:55] {Threei}  I'll post

[15:56] {magoo} usually doesnt do much

[15:56] {Threei}  yesah

[15:56] {Threei}  not really a mover anymore

[15:56] {Threei}  nor shaker

[15:56] {magoo} pop abnd stall

[15:56] {magoo} or fall and stall imo

[15:56] {dino} yajunk more like it

[15:57] {Threei}  or drink and stall

[15:57] {magoo} im in

[15:57] {magoo} for drinkin that is

[15:57] {dino} lol

[15:57] {Threei}  (US) WHITE HOUSE SPOKESMAN: SAW GENERAL SENSE OF COOPERATION BETWEEN ADMINISTRATION AND CONGRESSIONAL REPUBLICANS; EXPECTS SUPPORT FOR STIMULUS PLAN

[15:58] {magoo} i wish obama would get caught in compromising "a la clinton" lol

[15:58] {dino} as in a cigar

[15:58] {magoo} yup

[15:58] {larisa} different type, never :)

[15:58] {magoo} he has a GOD complex

[15:58] {Threei}  eeck

[15:59] {Threei}  larisa... man is a man

[15:59] {dino} wolf is always at the door larisa

[15:59] {Threei}  there is only one different type of man

[15:59] {Threei}  it's a woman

[15:59] {larisa} my Obama is different

[15:59] {larisa} not like all of you

[15:59] {dino} then you must tempt him

[16:00] {dino} :)

[16:00] {Threei}  YHOO is spiking but nothing on wires

[16:00] {larisa} did we miss YHOO, it is moving

[16:00] {larisa} ok

[16:01] {Threei}  just impatient speculators I guesss, all the way down now

Jan 26 2009

The day started with 4 trades, 3 of which were nice wins (SLW, AUY, DRYS) and one small stop (GERN). The rest of the day was fuzzy and mirky, not much to read and trade. Nice profitable day but could quit after first hour just as well.

Session Time: Mon Jan 26 00:00:00 2009

[07:42] {cujo} Good morning

[07:47] {hawkfan4} gm cujo and the gang

[07:47] {cujo} hey hawk

[07:47] {cujo} how are ya

[07:48] {hawkfan4} not bad for a monday, u?

[07:48] {cujo} good

[07:48] {cujo} check out CAT this morning

[07:48] {hawkfan4} yes, lamenting my order to short it a t 32.75 that i chickened out of

[07:49] {cujo} ehh

[07:49] {cujo} wow

[07:49] {cujo} big print going of...

[07:50] {cujo} you think there might be a bounce in here?

[07:51] {hawkfan4} yes, but still pretty thin.  

[07:51] {cujo} yeah

[08:06] {Threei}  Good morning

[08:06] {cujo} Morning

[08:06] {hawkfan4} hey Vad

[08:06] {Threei}  cujo, hawk :)

[08:06] {cujo} ;)

[08:07] {Threei}  watching GERN for possible continuation

[08:07] {cujo} Some big moves in MCD and CAT this morning

[08:08] {Threei}  CAT earnings disappointment

[08:08] {cujo} y

[08:09] {Threei}  DRYS

[08:09] {Threei}  01/26/09 02:29am

[08:09] {Threei}  Shipping firms seek new economies of scale to survive historic declines in global trade levels - WSJ

[08:09] {Threei}  - Article notes that global trade has declined at rates not seen since WWII, experts see trend continuing through 2010

[08:09] {Threei}  - Shippers are seeking newer, larger vessels that carry up to 13.8K containers, seeking expanded economies of scale

[08:09] {Threei}  - Shippers will be able to sell space at cut rate prices to fill vessels, average rate for Europe-Asia route has recently fallen to as low as $300 per container

[08:09] {Threei}  - Drastic rate cuts and introduction of increasingly large vessels has placed pressure on smaller firms, with industry giants seeking to use period of macro-economic decline to squeeze out competitors

[08:17] {Onix} Good morning all

[08:17] {Threei}  onix :)

[08:17] {nemo}  Happy Monday...mmmmh...that's an oxymoron

[08:17] {Threei}  nemo :)

[08:17] {nemo} Vad :)

[08:18] {Threei}  FMCN

[08:18] {Threei}  HOLDER FOSUN INCREASES STAKE TO 21.3% FROM APPROX 17% PRIOR - FILING

[08:18] {Threei}  serious bidder on GERN

[08:18] {Threei}  absoerbed all the selling

[08:19] {Threei}  BALTIC DRY BULK INDEX UP 1.5%, FIFTH STRAIGHT INCREASE

[08:21] {Threei}  interesting test at 7.60 GERN

[08:22] {Threei}  it has a chance to turn from one day wonder into a momo runner... so, watching it to try and gauge if this is what's happening

[08:23] {Threei}  inhaled that offer

[08:23] {hawkfan4} watching like a hawk

[08:23] {Threei}  :)

[08:24] {Threei}  on a positive side... nice news, support for the field coming from new administration...

[08:24] {Threei}  on a negative - after all it's that same GERN that used phrases like "fountain of youth" in its 1990s self-hype

[08:25] {Threei}  and failed to hold any gains for many years

[08:25] {Threei}  CAT

[08:25] {Threei}  ENTERS INTO $2.25B REVOLVING CREDIT FACILITY WITH BANK OF TOKYO-MITSUBISHI UFJ, LTD - FILING

[08:35] {hawkfan4} vad, u still have a cat?

[08:36] {Threei}  it's my son's girflried's cat... we babysat it while they traveled over SE Asia, now the cat is a guest on frequent occasions

[08:36] {magoo} morning

[08:36] {Threei}  magoo :)

[08:37] {hawkfan4} ah, i'm trying to get used to trading with 2 kittens crawling all over me :)

[08:37] {patience} good monday morning RT  :)

[08:37] {Threei}  patience :)

[08:37] {Threei}  my biggest problem was, the space behind monitors is very lucrative place for a cat,

[08:38] {Threei}  and when she tried to stand on her legs, she runs a risk to turn the monitor over, lol

[08:38] {nemo} When I visit my ex the cat's decide to hop up and lay down on the keyboard.

[08:39] {Threei}  that's why I don't use keystrokes

[08:39] {hawkfan4} lol :) i keep a can of the compressed air handy, good for scaring them off if they got too wild

[08:39] {nemo} enough cats on keyboards you either go broke or get Shakespeare (maybe tolstoy in your case)

[08:41] {Threei}  at this point GERN looks to me like a possible play on squeezing premature shorts

[08:41] {cujo} CAT +.22

[08:42] {hawkfan4} nice cujo

[08:42] {cujo} thanks hawk

[08:45] {Threei}  SLW broke it's high from previous run in Dec

[08:45] {Threei}  if commodities strength continues, there is no real resistance for SLW up to 8

[08:52] {Threei}  one more very interesting chart in the same field: AUY

[08:52] {Threei}  see this C&H on daily?

[08:52] {cujo} y

[08:53] {Threei}  8 break launches it

[08:53] {hawkfan4} nice

[08:53] {cujo} to 11?

[08:54] {Threei}  chart wise, there is some minor resistance at 9, then clear to 11

[08:54] {Threei}  but this is commodities field

[08:54] {Threei}  requires continuous strength in PMs

[08:55] {nemo} wasn't slw significantly higher before when silver was at this level...or doesn't that matter?

[08:57] {elepet} good morning

[08:57] {Threei}  elepet :)

[08:58] {Threei}  I don't know nemo... I am not really a fundamental trader, and this is not a straightforward stock

[08:58] {cosmo} CAT comes back  ...the very next day?

[08:58] {hawkfan4} geesh, ROH

[08:58] {Threei}  requires a research much deeper than I am willing to do and capable of doing

[08:58] {hawkfan4} lol cosmo

[08:58] {elepet} auy one of my beat down "investments". noticed jump this morning. any explanation?

[08:59] {Threei}  commodities strength elepet

[09:01] {Threei}  ROH, Dow Chemical cancels the deal...

[09:01] {Threei}  was supposed to be at $78

[09:03] {Threei}  look at this news item and tell me, is it any wonder all these banks and brokerages are so beaten up:

[09:03] {Threei}  CITIGROUP ANALYST: CANADIAN DOLLAR COULD WEAKEN FOLLOWING ELECTION

[09:03] {Threei}  - Maintains short position in USD/CAD{EUR/CAD CAD

[09:04] {Threei}  first, what election? there is none on horizon

[09:04] {Threei}  second, if he thinks CAD could weaken, why does he maintain short in USD?

[09:04] {hawkfan4} he's perfectly hedged against possibly making any money

[09:05] {Threei}  rofl

[09:05] {nemo} maybe it was an accidental re-run of a story from before the US election.  Seen that happen before.

[09:10] {KSystems} good morning :)

[09:10] {Threei}  ks :)

[09:11] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {Threei}  ok you guys, mags, dino... do talk to KS when he and you have time to fix this mirc issue you are having

[09:12] {Threei}  must be tiring to type in all this stuff every morning

[09:13] {dino} understatment

[09:14] {Threei}  be back in 5

[09:19] {ese} good morning

[09:19] {Threei}  ese :)

[09:19] {Threei}  want to see some tight consolidation, then break in AUY and SLW

[09:19] {ese} hey vad

[09:19] {Threei}  want to see nice deep pullback in STT

[09:19] {Threei}  not sure what I want to see in GERN but I'll know when I see it

[09:20] {dptl} gm all

[09:20] {Threei}  dp :)

[09:22] {nemo} BAC and C moving up

[09:22] {fernp} Hello everybody

[09:22] {Threei}  yeah... these two, I don't have a firm read on

[09:22] {Threei}  fewrn :)

[09:25] {Threei}  let me do quick recap in #floor for late joiners

[09:28] {nemo} Did I freeze up again

[09:28] {Threei}  not that I see

[09:28] {nemo} oh, saw the quick recap thing and then nothing, thought I was toast

[09:28] {Threei}  recap itself was posted in #floor

[09:30] {nemo} ty

[09:31] {Threei} Long Setup:  AUY  8.08 if stays above 7.95

[09:32] {magoo} more than scalp?

[09:32] {Threei} Long Setup:  SLW  7.25 if stays above 7.15

[09:32] {Threei}  I think so mags

[09:33] {magoo} DRYS?

[09:33] {KSystems} in AUY .09

[09:34] {magoo} in both

[09:34] {magoo} in DRYS now .50

[09:34] {KSystems} in SLW .25 out half .35

[09:35] {Threei}  SLW 1:1, half out

[09:35] {Threei}  AUY 1:1 half out

[09:35] {KSystems} both half out @ 1:1

[09:35] {KSystems} AUY quart mkore out 1:2

[09:35] {Threei}  AUY is actually way above 1:1, lol

[09:36] {Threei}  GERN pullback into .60 is entry zone

[09:37] {Threei}  SPOT GOLD AT SESSION HIGHS AND APPROCHING ITS DOWNTREND LINE FROM MAR 2008 HIGHS

[09:37] {dino} itri

[09:37] {Threei}  GERN is asking what's pullback?

[09:37] {magoo} big Q spike

[09:38] {nemo} tck running also

[09:38] {Threei}  AUY, offer 1/4 more above .40

[09:39] {Threei}  OK GERN, better

[09:39] {Threei}  prepare entry half lot

[09:39] {dino} eqix 

[09:40] {dino} markup week, lets look for previous pattern

[09:40] {Threei}  if no more donticks GERN, let's try .81 with stop under .65

[09:41] {Threei}  if loses .65, want entry closer to .50

[09:41] {magoo} exit SLW?

[09:41] {Threei}  SLW, offer 1/4 above .40

[09:42] {Threei}  good boy SLW

[09:42] {KSystems} in GERN

[09:42] {magoo} out SLW .42 TY out AUY .34TY

[09:42] {dino} gj

[09:43] {magoo} in GERN 

[09:43] {Threei}  wtg mags

[09:43] {cujo} out .40 SLW 

[09:43] {cujo} thanks

[09:43] {Threei}  welcome

[09:43] {Threei}  market seems to be ready to pull back

[09:43] {magoo} waiting near 12 DRYS

[09:44] {Threei}  let's tighten GERN to under .70 if uncomfortable

[09:44] {Onix} ty Vad, made some $$ in both SLW & AUY 

[09:44] {Threei}  :)

[09:45] {Threei}  SLW looks stronger than AUY

[09:45] {Threei}  AUY stop to .14 for the balance

[09:46] {dino} out itri .25, major slip, +.65

[09:47] {Threei}  GERN lost support

[09:48] {Threei}  SLW stop to under .30 for the last portion

[09:49] {dino} watching mcd

[09:51] {ese} Long MRVL 6.89

[09:51] {ese} sm 300

[09:54] {Threei} Long Setup:  STT  20.11 half lot if stays above 19.95

[09:54] {magoo} news RIMM vad?

[09:54] {hawkfan4} yes mags, WSJ article about lackluster sales of new bberry

[09:55] {Threei}  01/25/09 08:19pm

[09:55] {Threei}  [RIMM] Research in Motion Ltd Clues into the demand for the new BlackBerry Storm are expected from Verizon's Q4 reports, particularly in light of some reported complaints from users about the product's technical bugs - WSJ

[09:55] {Threei}  - Despite a marketing campaign that cost more than $100M, the smart phone has gotten off to a bumpy start.

[09:55] {Threei}  - Some early buyers have complained about technical bugs with RIM''s first touch screen BlackBerry, although others say most new gadgets have problems that need to be ironed out.

[09:55] {magoo} ok TY hawk

[09:55] {ese} even better 6.8873.....

[09:56] {Threei}  AUY

[09:56] {Threei}  HSBC CUTS AUY TO UNDERWEIGHT FROM NEUTRAL

[09:56] {nemo} no worky STT?

[09:56] {cujo} nope

[09:56] {Threei}  it never triggered

[09:57] {Threei}  puts it in "invalidated" category rather than "no worky"

[09:57] {nemo} Lot of excitement out of the gate and now fade

[09:57] {Threei}  we grabbed our share of excitement

[09:57] {nemo} yep

[09:58] {Threei}  moved to cash, waiting to see what's next

[09:59] {Threei}  DEC EXISITNG HOME SALES: 4.74MM V 4.40ME (+6.5% M/M)

[09:59] {Threei}  wow

[09:59] {cujo} exciting morning

[10:00] {Threei}  been quite a while since home sales looked positive

[10:00] {Threei}  DEC LEADING INDICATORS: 0.3% V -0.2%E

[10:01] {nemo} hehe STT triggered

[10:01] {Threei}  STT... why did you have to invalidate the setup before triggering?

[10:01] {dino} all is well again

[10:01] {nemo} I said no worky...you said invalidate

[10:01] {Threei}  yup

[10:02] {Threei}  no worky means triggered and stopped nemo

[10:02] {dino} wmt sm l.20

[10:02] {Threei}  actual loss

[10:02] {Threei}  invalidated is simply no play

[10:02] {nemo} o.k.

[10:02] {nemo} Couldn't find "no worky" in dictionary

[10:02] {cujo} any read on HOV Vad?

[10:03] {Threei}  wrong dictionary... gotta look in Threeiish

[10:03] {Threei}  nah

[10:03] {nemo} anything like elvish?

[10:03] {Threei}  gotta hunt for pullback entries after such spike

[10:04] {Threei}  DRYS closer to .50

[10:04] {Threei}  STT closer to 20.10

[10:04] {Threei} Long Setup:  DRYS  .56

[10:05] {Threei}  stop will be defined by the low of this pullback

[10:05] {KSystems} in

[10:05] {Threei}  under .50 for scalpers

[10:05] {Threei}  under .45 for the sane traders

[10:06] {Threei}  under .40 for super-optimists

[10:07] {Threei}  if market resumes upward move and DRYS breaks .70, 12 shouldn't be a problem

[10:07] {ese} go Obama go....solar screen greener than the first day of spring!

[10:09] {dino} lol

[10:09] {Threei}  ok market... let's show the next leg

[10:09] {Threei}  and start day-long 'ally

[10:10] {magoo} straight up 550 points

[10:10] {dino} -3 f at bus stop today, spring can't get here fast enough

[10:10] {magoo} -4 in my bedroom

[10:11] {Threei}  if it's any consolation dino... Winnipeg is much colder

06[10:11] * Threei kicks DRYS in the rear with steel-toed heavy duty army boots

[10:11] {dino} it is not.........:)

[10:11] {Threei}  scalpers have theit 1:1 and more

[10:11] {magoo} nice kick

[10:12] {fernp} ty Vad

[10:12] {Threei}  welcome sir

[10:12] {cujo} out

[10:12] {cujo} thanks Vad

[10:12] {ese} added another 600 shs at .86 and scalped MRVL for .10 out . .88

[10:12] {Threei}  cujo :)

[10:12] {Threei}  sane traders: half out here DRYS

[10:12] {Threei}  stop to under .50

[10:13] {Threei}  let's see if it has legs to take us over 12

[10:14] {dino} gj es

[10:17] {Threei}  STT really left us in dust

[10:19] {Threei}  CNBC'S FABER: ROH TO FILE SUIT AGAINST DOW IN DELAWARE CHANCERY COURT WITHIN THE HOUR

[10:19] {Threei}  {DOW}

[10:19] {Threei}  DRYS stop can be trailed to under .55 now

[10:20] {Threei}  preserve us from lower high scenario and minimize stop to practically breakeven for the balance

[10:21] {Threei}  someone tell STT it's not really kosher to act like this

[10:22] {dino} hod's

[10:24] {Threei}  we already know violence works today... let's see if "nice" does too

06[10:24] * Threei sends DRYS a postcard with invitation to visit 12 and nice image of flowers

[10:24] {dino} cpla sm l .95 wide

[10:25] {nemo} tell STT what to do, and auy slw while you're at it

[10:26] {Threei}  new high DRYS

[10:26] {magoo} its working vad lol

[10:26] {Threei}  odd :)

[10:27] {nemo} so, you gonna' switch over from the dark side?

[10:27] {Threei}  even super-optimists have 1:2 on DRYS

[10:28] {Threei}  I doubt it nemo... I enjoy kicking things too much

[10:28] {dino} out t .10, +.40

[10:30] {Threei}  stop to under .60 on DRYS balance, no lose territory

[10:31] {Threei}  chart wise under .70 is valid too... it's just that knowing DRYS I like to give it a little more breathing room

[10:31] {Threei}  but if you cheris every cent of profit, trail it to to under .70

[10:31] {Threei}  cherish

[10:32] {larisa} GERN woke up

[10:32] {Threei}  yeah... grrr

[10:32] {hawkfan4} great calls vad, thx

[10:32] {dino} out wmt .60, +.40

[10:32] {Threei}  welcome hawk... I wish I got GERN right

[10:33] {Threei}  have this nagging feeling it prepares a big surprise but actual reading of the entry is not a small feat on it

[10:33] {Threei}  STT

[10:33] {Threei}  HEARING STRENGTH ATTRIBUTED TO TAKEOVER CHATTER

[10:34] {Threei}  LOL!

[10:34] {Threei}  IMF'S STRAUSS-KAHN: SURPRISED USD HAS NOT WEAKENED

[10:34] {Threei}  market prognosticators my a$$

[10:34] {Threei}  pardon my french

[10:34] {Threei}  these guys are beyond ridiculous when they start expressinbg their opinions on market

[10:35] {Threei}  GM

[10:35] {Threei}  TO ANNOUNCE ADDITIONAL PRODUCITON CUTS, MAY AFFECT APPROX 15 PLANTS IN US AND CANADA

[10:35] {Threei}  - Production cuts could cost 2K jobs

[10:36] {Threei}  pres speech... waiting it out other than nursing DRYS balance

[10:36] {ese} bstop APOL .32 sm

[10:37] {Threei}  we are 3 for 4, don't want to push during live speech on economy

[10:37] {ese} in .31   nice

[10:37] {ese} stop .00

[10:38] {nemo} aren't you 3 for 3 stt didn't trigger accoring to system

[10:38] {Threei}  4 calls, 3 worked, 1 stopped

[10:38] {nemo} oh.

[10:38] {Threei}  GERN stop

[10:38] {Threei}  DRYS, AUY, SLW worked

[10:38] {hawkfan4} nice heads up on MCD dino, took +.18 on it but unfortunately sold it about 1.30 ago

[10:38] {Threei}  ENER...

[10:39] {dino} gj, i was too stingy, never filled

[10:39] {Threei}  trying to break while prez speaks of energy independence

[10:39] {ese} Apol   stopped....88

[10:39] {Threei}  new standards for cars starting 2011

[10:40] {ese} ya win some...ya loose some....

[10:40] {Threei}  40% increase efficiency?

[10:40] {dino} need to switch to natural gas

[10:40] {nemo} 40% in two years...see ya" GM CHRYSLER AND FORD!!

[10:40] {dino} clne moves on his talk

[10:40] {Threei}  PRESIDENT OBAMA: CONGRESS SHOULD SET 35MPG STANDARD FOR CARS BY 2020

[10:41] {hawkfan4} GERN pulling back

[10:41] {magoo} way to kick the auto industry while its down imo

[10:41] {Threei}  - would be a 40% fuel efficiency increase.

[10:41] {Threei}  - says fuel efficient cars must be built in the US.

[10:41] {Threei}  hmm

[10:41] {Threei}  text says by 2020, I swear I heard 2011

[10:42] {nemo} DTs?

[10:42] {ese} long APOL .80

[10:42] {ese} pullback

[10:42] {Threei}  yeah mags, GM CEO likened this to making a cancer patient run marathon right after finishing chemo

[10:43] {ese} stop .50  apol

[10:44] {Threei}  see how tough GERN's read is

[10:44] {Threei}  chart wise, 8 was the entry point on pullback

[10:44] {Threei}  I kept away

[10:45] {Threei}  suspecting it will be much worse than that

[10:45] {Threei}  sure enough is stretched bands much further

[10:45] {Threei}  now, 7.80 is screaming buy

[10:45] {Threei}  but I am in doubt

[10:47] {ese} ahhhhhhhh...stopped apol .49  

[10:47] {Onix} :(

[10:47] {ese} god thing sm shs....thought it was gonna bounce

[10:48] {Threei}  I guess players hoped for stem cells research to be mentioned

[10:48] {Threei}  market quieted down

[10:48] {ese} are you looking at STEM vad

[10:49] {Threei}  with dusgust

[10:49] {Threei}  lol

[10:49] {Threei}  out of stem cell plays, none other than GERN looks legit to me

[10:50] {Threei}  STEM and ASTM - honestly I find it hard to believe they are still around

[10:50] {Threei}  have a look at GERN...

[10:50] {ese} ok

[10:50] {Threei}  BCON

[10:50] {Threei}  SIGNS AGREEMENT FOR FLYWHEEL TECHNOLOGY FOR GRID APPLICATIONS

[10:51] {Threei}  - executed an information sharing and performance evaluation agreement with the energy utility company National Grid.

[10:51] {Threei}  - Under the two-year agreement, the companies will share technical, performance and economic data associated with Beacons flywheel energy storage systems and their potential operational value to National Grids electricity transmission networks. Objectives of the agreement include National Grids evaluation of Beacons flywheel energy storage systems not only for fast-response frequency regulation, but also for wind-related ramp mitigation another potential large-scale grid stability application.

[10:52] {Threei}  glad I didn't bite GERN... looks very shaky to me

[10:52] {ese} indeed

[10:52] {ese} like this flywheel tech though

[10:55] {dino} reminds me of flies on a ribroast

[10:55] {ese} ?????

[10:55] {dino} :)

[10:55] {Threei}  lol

[10:58] {dino} apol blood

[10:59] {Threei}  ROH

[10:59] {Threei}  CONFIRMS FILED SUIT AGAINST DOW TO CLOSE THE MERGER AGREEMENT AT $78/SHR IN CASH

[10:59] {ese} bounce dino?? apol

[11:00] {dino} apol gap around 77.22

[11:00] {ese} ahhhh

[11:02] {dino} esi blood

[11:02] {ese} bstop ADP .01

[11:03] {dino} thinking yes, but where?

[11:03] {dino} at gap imo, if it gets there apol

[11:03] {ese} hmmmmmmm

[11:03] {dino} esi, soon

[11:04] {dino} esi filled and then som

[11:04] {dino} some

[11:04] {dino} 107.60s

[11:04] {dino} think, think think

[11:05] {ese} nice

[11:05] {ese} could bounce huge

[11:05] {ese} after 110

[11:07] {dino} points, imo

[11:10] {dino} you in es?

[11:15] {Threei}  activity just died

[11:15] {Threei}  wait-and-see mode

[11:16] {nemo} waitin' on Geithner tomorrow?

[11:17] {Threei}  who knows what market is waiting for... Me, I am waiting for the market

[11:18] {nemo} Just throwing it out there...nothin else to do...too early to start drinking, although Ksystems could :)

[11:18] {Threei}  fern too

[11:19] {KSystems} at 5??

[11:19] {nemo} sorry if I insulted magoos sensitivities :)

[11:19] {Threei}  I'd say, you are couple hours late

[11:19] {nemo} nah, malzeit

[11:21] {dino} almost noon here

[11:23] {fernp} 17:21 here. Going to the refrigerator to grab a beer :)

[11:24] {ese} hi dino had to step away from the computor....not in ....am still wating on ADP though

[11:25] {ese} ESI looking good now though

[11:28] {dino} fernp making me thirsty

[11:28] {ese} are you in ESI dino

[11:28] {dino} 110 es was the area, i chickened out wanted 109.50

[11:29] {dino} ugh!

[11:29] {ese} up a bill now almost....still pretty damn good

[11:30] {dino} gj

[11:30] {ese} not me ...you

[11:31] {ese} wheres lisa these days

[11:32] {Threei}  taking family-related break

[11:33] {larisa} is everything ok ?

[11:33] {larisa} oh, Lisa does..

[11:33] {dino} mcd pretty good pullback

[11:34] {Threei}  just can't get GERN's rythm

[11:37] {Threei}  shapes up as 8.10 break if stays above 8

[11:37] {hawkfan4} it has about as much rythm as i do on the dance floor

[11:37] {Threei}  lol

[11:37] {Threei}  I can relate

[11:38] {magoo} dont sell yourself short hawk lol

[11:38] {Threei}  let's consider it sa discretionary call, half lot

[11:38] {nemo} too much kickin' Vad?

[11:38] {Threei}  no such thing

[11:39] {ese} dino...esi is gonna shoot for the stars and your in man.....well done

[11:39] {Threei}  chews through big offers

[11:39] {ese} nice round bottom.......usually big up move ensues

[11:42] {KSystems} well... in .11

[11:43] {dino} not in es, wanted 109.50, did not fill

[11:44] {dino} chtt?

[11:45] {Threei}  07:34am [ACV] Reports Q1 $0.41 v $0.34e (ex items), R $352.8M v $350.3Me; Raises quarterly dividend to $0.075 from $0.065 prior

[11:45] {Threei}  related to CHTT

[11:45] {Threei}  not its own news

[11:46] {dino} ok

[11:47] {nemo} slw showing signs of life?

[11:47] {Threei}  not very much

[11:48] {dino} cat drops

[11:49] {KSystems} gern stopped

[11:57] {dino} cat sm l .45

[12:03] {magoo} vad..any read drys, sttor gern?

[12:05] {Threei}  I don't see any pattern at the moment

[12:05] {Threei}  market is doing nothing... why push it?

[12:06] {magoo} because i missed 3 of my own...so im down a lil

[12:07] {Threei}  missed as in didn't get, or lost on them?

[12:07] {magoo} lost on my own pics

[12:07] {cujo} drys selling off a bit here

[12:08] {Threei}  all the more reasons not to push, right?

[12:08] {magoo} true..obviously not  seeing it

[12:12] {cujo} Vad, MCD, any set up forming

[12:12] {Threei}  pullback into 58, will be worth a look...

[12:13] {dino} seeing the same cujo, just said it to magoo couple minutes ago

[12:13] {cujo} nice

[12:14] {nemo} I suppose this is bad but how's the MACD on MCD?

[12:14] {KSystems} there is your pullback :)

[12:15] {dino} dk dc

[12:18] {Threei}  watch for market strength for entry

[12:18] {Threei}  .85 is closest support for stop placement

[12:19] {cujo} in .07

[12:21] {magoo} in .12

[12:21] {Threei}  half out here

[12:21] {Threei}  or scalp

[12:22] {cujo} out +.20

[12:22] {cujo} thanks vad

[12:23] {Threei}  feel free to take profit in full here

[12:23] {Threei}  solid 50 cents move

[12:23] {Threei}  clean example of "let market come to you"

[12:24] {dino} gj cujo, magoo on mcd

[12:24] {Threei}  and you GERN... you really are irritating creature

[12:24] {magoo} yeah..gern stopped me

[12:25] {Threei}  took profit on MCD mags?

[12:25] {magoo} waiting 61..too high?

[12:26] {hawkfan4} lol

[12:26] {Threei}  frikin GERN is aiming for 9 with any market help

[12:27] {Threei}  broke yesterday's high

[12:29] {magoo} out .55 here TTY

[12:30] {Threei}  :)

[12:31] {magoo} to close to miss

[12:32] {Threei}  (US) OBAMA ADMINISTRATION ENVOY: FAVORING 'VIGOROUS DIPLOMACY' WITH IRAN

[12:33] {dptl} was it a double bottom on stt ?

[12:34] {Threei}  where?

[12:35] {dptl} bounced twice from .60 and then broke .75

[12:35] {dptl} 12:20 12:27

[12:36] {Threei}  not really clean formation... just moves uop and down with market

[12:36] {dptl} ok ty

[12:43] {tomg} intc vad?

[12:44] {Threei}  don't see anything compelling on it

[12:44] {tomg} ok ty

[12:47] {Threei}  EU'S JUNCKER: UNHAPPY WITH FOREX VOLATILITY

[12:47] {Threei}  Prozac?

06[12:53] * Threei slaps laserdave around a bit with a large chart of GERN

[13:01] {ese} outta here.....catch you all later....am long ADP swing trade 38.01...hit my bstop

[13:01] {Threei}  take care ese

[13:01] {ese} see ya vad

[13:01] {cujo} see ya ese

[13:01] {tomg} take care ese

[13:01] {ese} cujo...tom

[13:03] {dino}  cya es

[13:08] {dino} fast fall

[13:08] {dino} stopped cat -.35

[13:10] {cujo} double bottom on gern here?

[13:10] {Threei}  so far, yes

[13:10] {Threei}  but it will really depend on market whether it works or fails

[13:10] {cujo} understood. Thanks Vad

[13:10] {Threei}  GERN wants up badly...

[13:11] {Threei}  but to find an entry on it is daunting task

[13:14] {Threei}  EU'S JUNCKER: DO NOT SEE ANY RISK TO EMU COHESION

[13:14] {Threei}  no?

[13:33] {Threei}  amazing how little was available after first morning plays

[13:34] {KSystems} MCD back at 58

[13:34] {Threei}  not en entry here yet IMO

[13:35] {Threei}  unless market jumps up sharply

[13:36] {Threei}  feels to me, it's going to bust through 58

[13:45] {dino} markets in rinse mode

[13:45] {patience} it's monday

[14:02] {Threei}  selling accelerates

[14:02] {Threei}  some opportunities should be appearing soon

[14:02] {larisa} {yawn}

[14:04] {Threei}  DRYS .15 for a scalp if holding .10

[14:07] {Threei}  changing to from under 11

[14:08] {larisa} what does it mean ? needs to break 11 for scalp ?

[14:09] {Threei}  if loses 11, pauses, holds above .90 and re-crosses 11 with market bouncing

[14:10] {larisa} lol, need to learn threeish

[14:11] {dino} 3ism he prefers

[14:12] {larisa} lets not spoil him dino :)

[14:12] {Threei}  bruce says hello

[14:12] {dino} lol

[14:13] {dino} rimm, hmmmm

[14:15] {Threei}  WHITE HOUSE PRESS SEC: FED HAS 'FIRED' MOST OF ITS BULLETS ON POLICY

[14:15] {Threei}  that sounds inspiring

[14:16] {Threei}  not like we didn't know that

[14:16] {nemo} faz skf anybody :)

[14:17] {dino} now why must they always say things like that

[14:17] {Threei}  NEED FISCAL STIMULUS AT THE MOMENT

[14:20] {dino} sm l mcd .75

[14:24] {Threei}  DRYS is holding 11 well

[14:24] {Threei}  unless NQ makes new lows, should be a scalp off it

[14:25] {Threei}  USO went red

[14:25] {Threei}  who would have thought

[14:25] {Threei}  auy

[14:25] {Threei}  and SLW

[14:25] {Threei}  lost their support as well

[14:25] {Threei}  remember I said in the morning,

[14:26] {Threei}  no matter how nice their charts look,

[14:26] {Threei}  they need general commodities strength

[14:26] {Threei}  look at our exits on them

[14:27] {Threei}  those morning moves practically exhausted the potential for the day

[14:29] {larisa} both calls were great

[14:31] {Threei}  bands are tightening

[14:32] {Threei}  feels like another quick move down beofre eventual recovery

[14:32] {Threei}  WHITE HOUSE PRESS SEC: PRESIDENT OBAMA DOES NOT BELIEVE OIL AND ENERGY PRICES REMAIN AT CURRENT LOW LEVELS

[14:32] {Threei}  - Comments in response to questions regarding the President's alternative energy plans{USO OIH UNG TAN FAN}

[14:32] {Threei}  now president is a trader and price forecaster

[14:33] {KSystems} invite him!

[14:36] {magoo} he certainly is arogant

[14:37] {Threei}  USO responded by retesting the low

[14:37] {dino} easy to bet when it's not your money

[14:45] {hawkfan4} CAT .16, stop .09 1/2

[14:47] {Threei}  what an unlikely mover today... NURO

[14:47] {Threei}  haven't heard this symbol in ages

[14:48] {Threei}  2006 I think was its starry-eyed year

[14:49] {Threei}  remember it in $30s-40s

[14:51] {Threei}  (US) SENATOR LEVIN: URGES TREASURY TO LOOK INTO CITI'S PURCHASE OF A $50M CORPORATE JET

[14:54] {Threei}  didn't catch this market reversal

[14:55] {Threei}  somehow it didn't feel like that was it

[14:55] {Threei}  pace wasn't really changing

[14:55] {hawkfan4} out cat .49, +33

[14:55] {magoo} i took that sob {gern} long off 8

[14:55] {Threei}  wtg haw

[14:55] {Threei}  k

[14:55] {hawkfan4} thx ;)

[14:55] {Threei}  don't oversit mags

[14:56] {Threei}  I don't trust it at all

[14:56] {Threei}  it does literally whatever

[14:57] {magoo} ok

[14:57] {magoo} btw vad...its inVestor...not inWestor  

[14:58] {Threei}  not only I casn't spell it... I don't know the meaning of the word

[14:58] {Threei}  ummm... correction:

[14:58] {Threei}  not only I can't spell. Period

[14:59] {dino} gj hawk

[14:59] {magoo} out .18 

[14:59] {Threei}  but fortunately it's not really needed

[14:59] {Threei}  lookie here:

[14:59] {cujo} nice one hawk

[14:59] {Threei}  i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frs it and lsat ltteer be in the rghit pclae.

[15:00] {hawkfan4} thx 

[15:00] {Threei}  The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt!

[15:01] {hawkfan4} lol

[15:01] {dino} hawk, i owe you one on cat

[15:01] {Threei}  hmmm

[15:01] {Threei}  market spike... neither DRYS or GERN follow

[15:02] {larisa} really azanmig..

[15:02] {Threei}  lol

[15:02] {hawkfan4} nice dino :) no worries, you've paid in advance with your calls

[15:02] {dino} :)

[15:03] {Threei}  beautiful exit on GERN mags

[15:03] {Threei}  1 cent under the high

[15:06] {magoo} lucky

[15:27] {magoo} i here?

[15:27] {larisa} nope

[15:27] {Threei}  you here

[15:27] {Threei}  I not

[15:27] {dino} out mcd .35, +.60

[15:27] {cujo} nice trade dino

[15:28] {Threei}  wtg dino

[15:28] {hawkfan4} nice

[15:28] {dptl} gn all

[15:28] {dino} out cat .85, +.75, thankkkkk youuuuuuuuu hawk

[15:28] {hawkfan4} lol, np

[15:29] {dino} ty guys

[15:29] {Threei}  STT

[15:29] {Threei}  .46 long half lot if you want a try for a scalp, with stop under .35

[15:30] {KSystems} in

[15:31] {Threei}  market should bounce from here

[15:31] {Threei}  and take STT with it

[15:33] {Threei}  1:1 is coming

[15:33] {Threei}  decide for yourself to scalp or partial guys... truly no idea here, lol

[15:34] {Threei}  ever since first hour I couldn't get a feeling for the market today

[15:34] {cujo} thanks Vad

[15:34] {cujo} small scalp on that STT

[15:35] {Threei}  stop to under .40 who is holding

[15:35] {KSystems} that would be me

[15:35] {Threei}  okay

[15:36] {Threei}  risk is very small here

[15:36] {Threei}  so why not

[15:36] {KSystems} I am offering at .57

[15:37] {Threei}  here comes market bounce

[15:38] {Threei}  here follows STT

[15:38] {KSystems} out +.11

[15:38] {KSystems} thank you Big V!

[15:38] {jmb} thanks vad

[15:38] {Threei}  I hope that wasn't nice way to call me fatty

[15:38] {Threei}  welcome though :)

[15:38] {KSystems} :)

[15:39] {Threei}  wow

[15:39] {Threei}  what a timely exit

[15:39] {KSystems} lucky

[15:39] {Threei}  something pulled market hard

[15:39] {larisa} how is weather in Germany, KS ? hurricane affected you ?

[15:39] {Threei}  STT is still okay, but why get stuck in what was designated as a scalp from the beginning

[15:39] {KSystems} hurricane?

[15:40] {KSystems} what hurricane?

06[15:40] * KSystems looks out of the window

[15:40] {Threei}  hey.... what jkust happened?

[15:40] {KSystems} see, I dont have TV so I dont really know, sorry larisa

[15:40] {larisa} lol

[15:40] {KSystems} its rather cold though

[15:40] {Threei}  this looks like news-related

[15:40] {dino} ah, sorry, tripped over extension cord

[15:40] {Threei}  ahhh

[15:40] {KSystems} hardest winter in ages, larisa

[15:40] {Threei}  that's global warming KS

06[15:41] * larisa slaps Threei around a bit with a large trout

[15:41] {Threei}  prepare for more warmth

[15:41] {KSystems} happens when CEOs use their private jets too much

[15:41] {KSystems} i know

[15:41] {KSystems} also known as butterfly effect with CEOs

[15:41] {KSystems} CEO in Japan uses privjet, = winter in GER

06[15:42] * Threei wipes fish slim off his face and signs favorite song of his childhood "ain't scared of al gore"

[15:42] {Threei}  oh wait... that was "gray wolf"...

[15:42] {dino} the resorts?

[15:43] {dino} or the enery company?

[15:44] {dino} smts

[15:45] {Threei}  wow

[15:45] {Threei}  nasty close

[15:45] {larisa} complete reversal of friday it feels like

[15:45] {Threei}  market remains green

[15:46] {larisa} 15 more min

[15:46] {dino} rinse market, back to scalps

[15:50] {Threei}  yup

[15:50] {Threei}  and no rhythm whatsoever

[15:50] {Threei}  chaotic up and down

[15:51] {Threei}  GERN finishes up a buck

[15:52] {Threei}  probably a gapper again tomorrow morning

[15:53] {dino} wow i really screwed up missing esi

[15:55] {Threei}  MERRILL LYNCH GLOBAL WEALTH MGMT TO LAY OFF 'ROOKIE' BROKERS

[15:59] {dino} i gues they are not bullish on america

[15:59] {dino} guess

[15:59] {Threei}  ok guys, thank you all

[16:00] {cujo} thanks Vad. 

[16:00] {Threei}  have a great evening

[16:00] {cujo} See you tomorrow. 

[16:00] {nemo} nite

[16:00] {Threei}  see you all tomorrow

[16:00] {KSystems} thank you Vad

[16:00] {KSystems} have a great evening

[16:00] {larisa} bye :)

[16:00] {KSystems} thank you all, too, and seeya again tomorrow!

[16:00] {dino} thx all, out of here

[16:01] {hawkfan4} thx all, enjoy

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...

Jan 22 2009

This is pure traders market. With our new hero STT aand some of traditional performers (why, DRYS of course) it shaped up as a great day. icing on a cake was little after hours GOOG gamble for quick $5.

Session Time: Thu Jan 22 00:00:00 2009

[08:02] {Threei}  Good morning RT

[08:04] {hawkfan4} good morning vad, all

[08:04] {Threei}  hawk :)

[08:06] {magoo} morning

[08:06] {Threei}  magoo :)

[08:06] {i2romantis} morning all :)

[08:06] {Threei}  i2r :)

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 543K v prior release of 524K (range seen from 450K to 594K)

[08:10] {Threei}  - Continuing claims seen at 4.534M v prior 4.497M. (range seen from 4.500M to 4.580M)

[08:20] {Threei}  Two men are being sentenced to death over China tainted milk scandal

[08:20] {Threei}  boy... they are not fooling around over there

[08:20] {patience} surprised it is only 2

[08:20] {cujo} Good morning all. 

[08:21] {Threei}  cujo :)

[08:21] {Onix} Hi cujo

[08:21] {Onix} Good morning all

[08:21] {cujo} Hey Onix.  

[08:21] {Threei}  onix :)

[08:22] {Threei}  BALTIC DRY BULK INDEX + 5.0%, 3RD STRAIGHT INCREASE

[08:25] {nemo} mornin'  "Tag" fuer Ihnen nach Malzeit.

[08:26] {Threei}  nemo :)

[08:30] {Threei}  DEC HOUSING STARTS: 550K V 605KE; BUILDING PERMITS: 549K V 600KE

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 589K V 543KE; CONTINUING CLAIMS: 4.607M V 4.534ME

[08:31] {Threei}  took .77 DRYS

[08:31] {Threei}  for bounce scalp

[08:31] {Threei}  full dollar drop in one swoop is wirth a try

[08:31] {Threei}  small shares, so will try to hold it

[08:32] {Threei}  ummm... it has its own news

[08:32] {Threei}  ANNOUNCES SIGNIFICANT REDUCTIONS IN CAPEX AND SUSPENSION OF THE DIVIDEND EFFECTIVE FOR Q4 2008

[08:32] {Threei}  not a good idea

[08:32] {Threei}  leave it alone for now

[08:32] {Threei}  sold .46

[08:33] {Onix} what a drop in that DRYS hey!?

[08:34] {Threei}  should be good for a bounce somewhere but considering its volatility, no need to rush in

[08:34] {Onix} ok

[08:35] {Threei}  if it was a pullback on job numbers, that would be valid entry

[08:35] {Threei}  with its own news, who knows

[08:36] {Threei}  - Transactions include:

[08:36] {Threei}  (1) the disposal of three Capesize newbuildings

[08:36] {Threei}  (2) the cancellation of the acquisition of nine Capesize vessels (including five newbuildings) previously agreed to by the Company.

[08:36] {Threei}  -These two transactions will reduce the Company''s capital expenditure commitments by over $1.5 billion in initial transaction value.

[08:36] {Threei}  - Company will suspend dividend payments on its common stock.

[08:36] {Threei}  - Based on these transactions and policies, the Company expects to improve its balance sheet and enhance cash flow that will provide the Company greater financial flexibility in this challenging environment.

[08:37] {Threei}  I am not even sure if it's a good news or bad, lol

[08:37] {Threei}  matter of interpretation

[08:39] {Threei}  STEM...

[08:39] {Threei}  speculation on stem cells hopes I guess

[08:39] {Threei}  GERN is probably better candidate if this turns into micromania

[08:47] {i2romantis} DRYS, just on earnings warning, it seems

[08:47] {nemo} test

[08:47] {nemo} test

[08:48] {nemo} test

[08:48] {nemo} back?

[08:48] {Threei}  08:30am [DRYS] Guides Q4 EPS $0.63-0.71 v $1.29e

[08:49] {Threei}  watch this 5.70 offer GERN

[08:50] {Threei}  FULL SENATE CONFIRMATION VOTE FOR GEITHNER NOT LIKELY UNTIL NEXT WEEK - CNBC

[08:51] {pita} gm everyone

[08:51] {Threei}  pita :)

[08:54] {elepet} good morning

[08:54] {Threei}  elepet :)

[08:54] {Threei}  you all out of DRYS yesterday I hope?

[08:55] {Threei}  for adrenaline junkies, 11.50 break on DRYS... smaaal shares

[08:55] {Threei}  scary trade really

[08:56] {Threei}  not setting up anyway

[08:56] {hawkfan4} whew :)

[08:56] {Threei}  hehe

[08:57] {Threei}  what a dump

[08:57] {Threei}  11.30 now

[08:57] {Threei}  again... only if you feel very very adventurous

[08:58] {KSystems} stop under .00?

[08:58] {Threei}  that, ot 11.10

[08:58] {KSystems} ok, in

[08:58] {Threei}  bottomed out at .12 so far

[08:58] {Threei}  OK{ now we know who leads the list of gamblers

[08:58] {KSystems} where is your target?

[08:59] {Threei}  there is no really technical read to this thin premarket trading

[08:59] {larisa} never would think KS is one of them :)

[09:00] {magoo} ChanServ is one heck of a sargent in arms vad

[09:00] {Threei}  lol

[09:00] {magoo} sergant?

[09:00] {Threei}  you guys never set it up right

[09:00] {cujo} KS you still in this?

[09:00] {magoo} impossioble to do

[09:00] {hawkfan4} is there a way to turn that noise off?

[09:01] {Threei}  mags, what are you talking about... a lot of people did

[09:01] {dptl} gm all

[09:01] {Threei}  joins/quitsd, hawk?

[09:01] {Threei}  dp :)

[09:01] {hawkfan4} yes Vad

[09:01] {Threei}  sure

[09:01] {Threei}  right click on #discussions button

[09:01] {Threei}  Event

[09:01] {Threei}  kill all you don't want

[09:02] {Threei}  or move to status

[09:02] {Threei}  MSFT

[09:02] {hawkfan4} great, thanks :)  

[09:02] {Threei}  REPORTS Q2 $0.47 V $0.49E, REV $16.3B V 17.1BE CUTS 5K JOBS

[09:02] {Threei}  - We are planning for economic uncertainty to continue through the remainder of the fiscal year, almost certainly leading to lower revenue and earnings for the second half relative to the previous year.

[09:05] {cujo} Vad see anything in MSFT?

[09:05] {KSystems} out DRYS

[09:05] {nemo} test

[09:05] {magoo} msft just releades early

[09:05] {KSystems} dont like what i see in mkt

[09:05] {magoo} wtf

[09:06] {KSystems} +.05

[09:06] {Threei}  I don't intend to trade it cujo

[09:06] {cujo} got ya. 

[09:09] {fernp} Hello everybody

[09:10] {KSystems} ok

[09:10] {Threei}  fern :)

06[09:10] * KSystems officially wishes a good morning to everyone

[09:11] {ese} good morning....but mine is only semi official

[09:11] {Threei}  ese :)

[09:11] {Threei}  DRYS is trying for double bottom

[09:12] {Onix} 11.66?

[09:13] {Threei}  you realize how dangerous this stock is, right?

[09:13] {patience} DRYS just suspended its 4th quarter dividend

[09:13] {dino} gm all. end of days all over again

[09:13] {Onix} o ja

[09:13] {Threei}  dino :)

[09:14] {dino} :)

[09:17] {Threei}  onix, if you went for it, either offer .95

[09:17] {Threei}  or try to hold for 12 break and spike

[09:18] {Threei}  RU) RUSSIAN CENTRAL BANK CONFIRMS PRESS CONF AT 10.00 AM EST TODAY

[09:18] {Threei}  uh oh

[09:19] {patience} they want your roubles vad

[09:19] {nemo} geez...hope they don't default again

[09:19] {Threei}  that was the rumor earlier nemo

[09:19] {Threei}  DRYS broke 12

[09:19] {nemo} well, short the financials

[09:19] {nemo} ehhh...short the market

[09:22] {Threei}  if anyone went for adrenaline-rich ride on DRYS, no way you'd let this profit slide away

[09:22] {hawkfan4} nice alert on DRYS vad, thx. in .65, out .12

[09:22] {Threei}  make sure you book it or trail stop tightly

[09:22] {Threei}  wtg hawk

[09:22] {Threei}  my list of gamblers is gaining

[09:22] {hawkfan4} :) lol

[09:22] {Threei}  KS, hawk

[09:23] {ese} vad do you remember what happened in 87/88.....what was that all about a devaluation?

[09:23] {Threei}  magoo was never off the list actually

[09:23] {Threei}  it was default, ese

[09:23] {ese} ah.......

[09:23] {Threei}  banks couldn;'t pay their obligations

[09:23] {Threei}  savings evaporated

[09:24] {Threei}  DEALER CHATTERING SPECULATION THAT RUSSIAN CENTRAL BANK WILL ANNNOUNCE CURRENCY DEVALUATION AND INTEREST RATE HIKE

[09:24] {nemo} monetize their way out of this

[09:29] {Threei}  let's sit quietly first minutes

[09:29] {Threei}  let the dust settle

[09:29] {hawkfan4} sounds like a good plan

[09:29] {Threei}  onix, you went for that DRYS?

[09:31] {Onix} oh no, i amtoo chiken :(

[09:31] {Threei}  OK :)

[09:33] {Threei} Long Setup:  GERN  5.40 - 5.45 if holding 5.30

[09:34] {Threei}  could be a slow trade, rather day trade than scalp

[09:34] {Threei}  possibly swing

[09:34] {KSystems} in

[09:35] {KSystems} .42

[09:36] {Threei}  stop under .30

[09:36] {Threei}  not a scalp for me

[09:36] {KSystems} do you still partial out at the usual levels?

[09:36] {Threei}  I won't

[09:36] {nemo} ? with Russian announcement coming, why do a slow trade?

[09:36] {Threei}  aiming for a first partial around 5.70

[09:37] {Threei}  with stop about 15 cents... I don't feel particularly in danger

[09:38] {fernp} in 5.44

[09:38] {Threei}  and this trade is based on things not very relevant to anything but speculation on Obama's policies in stem cell field

[09:39] {larisa} wow STT

[09:39] {Threei}  TREASURY SEC NOMINEE GEITHER: BEST OUTCOME IS FOR BANKING INDUSTRY TO REMAIN IN PRIVATE HANDS, MORE RESOURCES MAY BE NEEDED IF BANK CONDITIONS BECOME WORSE

[09:39] {Threei}  - Notes that there are no current plans for more rescue funds

[09:39] {Threei}  - Comments that Obama believes that CHina is a currency manipulator

[09:40] {Threei}  jeez

[09:40] {Threei}  try and read this, lol

[09:41] {Threei}  STT

[09:41] {Threei}  FITCH CUTS RATINGS TO A+ FORM AA-, RATINGS WATCH NEGATIVE

[09:41] {Threei}  - Was cut at S&P and Moody's earlier in week

[09:43] {dino} tyd

[09:43] {dino} tdy i mean

[09:43] {Threei} Long Setup:  CECO  .55 half lot if stays above .40

[09:44] {Threei}  RECENT STRENGTH IN STEM CELL STOCKS ATTRIBUTED TO SPECULATION PRESIDENT OBAMA IS BEING PRESSURED TO LIFT RESEARCH RESTRICTIONS

[09:44] {Threei}  {GERN AVII ASTM}

[09:45] {Threei}  we kind of guessed

[09:46] {nemo} how's the arm, vad?

[09:46] {Threei}  fine, thank you

[09:46] {nemo} that's good

[09:47] {Threei}  if CECO sets up, stop would have to be under .35

[09:47] {Threei}  adjust shares accordingly

[09:47] {KSystems} in .55

[09:48] {Threei}  with any market help, has 22 in it

[09:50] {dino} geeze 3i, don't hurt your arm before the superbowl

[09:50] {nemo} You mean the gray cup dino?

[09:50] {Threei}  what's with widespread worries about my arm

[09:51] {dino} of course

[09:51] {nemo} we have real football own here

[09:51] {nemo} "down"

[09:52] {Threei}  APOL drop

[09:52] {Threei}  not very good for CECO

[09:52] {dino} gg l .40 sm

[09:53] {Threei}  holding decently so far

[09:55] {Threei}  (RU) RUSSIA CENTRAL BANK: STOPING ROBLE WIDENING

[09:55] {nemo} huh?

[09:55] {Threei}  no idea what it means

[09:55] {dino} ??

[09:55] {Threei}  *(RU) RUSSIA CENTRAL BANK: STOPING ROUBLE CORRIDOR WIDENING AT RUB41 AGAINST BASKET

[09:55] {ese} what the "H" does that mean   "widening"

[09:56] {nemo} too much polymeni

[09:56] {Threei}  lol

[09:56] {Threei}  STT just goes, lol

[09:56] {dino} what's rouble?

[09:57] {Threei}  EURO FIRMS AFTER RUSSIAN CENTRAL BANK SETS NEW UPPER LIMIT

[10:00] {Threei}  CECO tagged 1:1 briefly,, let's trail stop to under .40

[10:00] {Threei}  just want to keep things tight while market is so uncertain

[10:00] {Threei}  and with this huge offer at .70, who knows if it has enough drive to break it

[10:01] {Threei}  US) NOV HOUSE PRICE INDEX: -1.8% V -1.2%E

[10:01] {Threei}  but if does... even 22 can be too conservative target

[10:05] {cujo} Vad, what system do you use for quotes? I don't see a .70 offer

[10:06] {Threei}  Laser

[10:06] {Threei}  INCA

[10:06] {Threei}  over 10K offer

[10:06] {Threei}  big for a thin stock

[10:07] {dino} talking heads/mark haines, ragging 10% drop in home prices since 2007.....heck of a lot better than stock market drops imo

[10:07] {Threei}  no kidding

[10:07] {dino} perspective is way off

[10:08] {cujo} he he

[10:08] {Threei}  APOL forms C&H

[10:08] {Threei}  scariest stock on the planet

[10:08] {Threei}  if breaks 88.50 and goes, should helo CECO

[10:09] {Threei}  ok CECO... it's time

[10:10] {Threei}  INET either canceled that offer or went reserve

[10:10] {Threei}  half out .74

[10:11] {Threei}  stop to .45

[10:12] {Threei}  are you guys breathing out there?

[10:12] {KSystems} zzzZZZzzzZZZ

[10:12] {nemo} cough cough

[10:13] {Threei}  OK... partialed on CECO?

[10:13] {nemo} schlaf gut...K

[10:13] {KSystems} yes

[10:13] {ese} too funny ksys......feelin same

[10:13] {nemo} gute Traume

[10:14] {Threei}  if falling asleep, just buy STT... Iguarantee immediate awakening

[10:14] {nemo} o.k. in 10k stt...not

[10:15] {Threei}  some comments on currency:

[10:15] {Threei}  RUSSIAN CENTRAL BANK CURRENCY ANNOUNCEMENT

[10:15] {Threei}  - Chief European dealer noting that the announcement from Russian Central Bank to end of the band widening and some form of capital controls most likely takes a source of daily usd demand out of the market

[10:15] {Threei}  - FX Chartist notes that 1.3070 remains pivot point on daily NY close basis

[10:15] {Threei}  out CECO balance

[10:15] {nemo} I've got $ up .64 and climbing

[10:16] {nemo} fast

[10:16] {Threei}  so much for Chief European dealer

[10:16] {nemo} as you said before... upgrade sell...downgrade buy

[10:19] {elepet} you still in GERN?

[10:20] {Threei}  yes

[10:20] {KSystems} kick it more

[10:21] {nemo} msft missing 2q profits

[10:22] {dptl} still same stop on gern ? or can we raise it to under .40?

[10:23] {Threei}  matter of taste really...

[10:23] {Threei}  chart wise trailing makes sense

[10:23] {Threei}  and it hit over 1:1

[10:23] {Threei}  the question to answer is,

[10:24] {Threei}  if you trade it like this, why wouldn't you take partial over 1:1?

[10:24] {dptl} i did

[10:24] {Threei}  see what I mean, in terms of structuring the trade?

[10:24] {Threei}  oh, okay then

[10:24] {Threei}  trail by all means

[10:25] {dptl} ok ty

[10:30] {dino} dji lod

[10:30] {Threei}  (CA) BANK OF CANADA MONETARY POLICY REPORT:SEES GDP CONTRACTING BY 2.3% IN Q4

[10:31] {fernp} DBI C?

[10:31] {Threei}  it is... kind of 50/50 though

[10:32] {dino} s/p lod

[10:32] {pita} jbe stt?

[10:33] {Threei}  not really... it's JBE high is 19.50, too far from here

[10:33] {patience} vad, oil numbers soon?

[10:33] {Threei}  2 min

[10:34] {larisa} i heard 11AM, may be mistaken

[10:35] {Threei}  you are right

[10:35] {Threei}  they canged usual time too, not only day

[10:35] {patience} ty

[10:36] {Threei}  BAC

[10:36] {Threei}  CEO LEWIS TO HOLD 'EMERGENCY' MEETING WITH THAIN OVER FUTURE AT FIRM - CNBC'S GASPARINO

[10:36] {Threei}  that's very confidence-inspiring

[10:38] {dino} the future is forward

[10:39] {Threei}  careful dino... title of the master of the obvious is mine, and I will fight for it

[10:41] {dino} lol

[10:41] {cujo} anyone want to contango?

[10:42] {Threei}  I would but I feel awkward moving in backwardation

[10:42] {cujo} ha ha ha

[10:42] {nemo} slow day

[10:44] {magoo} ya think?

[10:45] {nemo} master of the obvious...just call me Howard Cosell

[10:46] {Threei}  STT doesn't drop with market...

[10:46] {Threei}  feel bored mags? STT 19.10 long if stays above 18.90

[10:46] {Threei}  scary as hell

[10:47] {dino} nat sm l .00

[10:50] {Threei}  stop to under 19

[10:50] {magoo} in

[10:51] {Threei}  you know it's a trade against boredom, not for profit, right?

[10:51] {dino} gg stopped

[10:51] {Threei}  half out or scalp into this spike

[10:52] {KSystems} STT out .35

[10:52] {KSystems} thanks Vad

[10:52] {cujo} nice KS

[10:52] {Threei}  sure

[10:52] {KSystems} was on scaringly small shares though

[10:52] {Threei}  hawk... you are last in the list of gamblers who didn''t report

[10:52] {Threei}  anyone else so I keep my list updated?

[10:53] {Threei}  1/4 more out here

[10:53] {Threei}  .43

[10:53] {hawkfan4} lol, passed, but keeping with the gambling theme i'm in drys

[10:53] {Threei}  offering last portion .70

[10:53] {Threei}  okay then, you are forgiven

[10:53] {Threei}  DRYS keeps you in the list

[10:53] {hawkfan4} whew

[10:54] {dptl} offering last portion .70   what stock?

[10:54] {Threei}  STT

[10:55] {dptl} where did you got in?

[10:55] {cujo} i believe it was a 19.10 long set up.  

[10:55] {Threei}  [10:46] {Threei} feel bored mags? STT 19.10 long if stays above 18.90

[10:55] {Threei}  wake up dp

[10:55] {Threei}  of lay off vodka that early

[10:55] {cujo} i didn't play :(

[10:56] {dptl} oh ..missed it somehow...

[10:57] {Threei}  lol, 6 cents shy?

[10:57] {Threei}  topped at .64

[10:57] {dptl} oh ..i see ..i got disconected right at this time.... funny

[10:57] {dptl} [07:51] * Disconnected

[10:57] {dptl} [07:51] * Attempting to rejoin channel #discussions

[10:57] {Threei}  yeah, ping timeout

[10:58] {Threei}  your connection slowed down

[10:58] {dptl} must be that russian tv..

[10:58] {Threei}  that and porn sites will do that

[10:59] {dptl} porn at lunch time only..lol

[10:59] {hawkfan4} lol

[10:59] {nemo} slow day

[11:00] {Threei}  DOE CRUDE: +6.1M V +1.3ME

[11:00] {Threei}  oh boy

[11:00] {Threei}  we are swimming in oil

[11:00] {Threei}  GASOLINE: +6.47M V +1.7ME; DISTILLATES: +790K V 0.0E;

[11:00] {nemo} arket tanking

[11:00] {Threei}  and gasioline

[11:01] {nemo} petrol too

[11:01] {Threei}  USO fell of a cliff

[11:01] {cujo} bounce, or too vol?

[11:02] {Threei}  on USO?

[11:02] {cujo} y

[11:02] {Threei}  I hate it, honestly

[11:02] {cujo} got ya

[11:02] {nemo} honesty?

[11:02] {hawkfan4} it is a nasty one

[11:02] {cujo} the stock, the look or both?

[11:02] {Threei}  stock

[11:02] {Threei}  volatility is incredible

[11:02] {cujo} y

[11:02] {Threei}  sometimes worse thanGOOG

[11:03] {Threei}  can lose your shirt faster than say mama

[11:03] {cujo} or momo

[11:03] {Threei}  or that

[11:03] {nemo} rodina

[11:03] {Threei}  faster than dp switching channels when wife walks in

[11:04] {dino} lol

[11:04] {dptl} lol

[11:04] {dino} and she grabs remote and hits previous

[11:04] {KSystems} wouldnt she walk just in and say "Hey, can WE do that please??"

[11:04] {Threei}  no sane woman will try to take remote from a man

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

[11:05] {nemo} my puritanical New England upbringing can't take this

[11:05] {Threei}  sheesh... my memory fades obviously

[11:06] {Threei}  totally forgot of the easiest lay off opil numbers

[11:06] {Threei}  look at UAUA, .70 break with stop under .60

[11:06] {Threei}  was that a given or what

[11:07] {ese} L NITE  .01  full lot

[11:07] {nemo} all that talk about porn

[11:07] {Threei}  good one fern

[11:07] {Threei}  a bit too much work but hey

[11:07] {Threei}  profit is profit

[11:07] {fernp} yes, not too much

[11:08] {fernp} slow day

[11:09] {ese} stop .80

[11:09] {Threei}  you obviously skipped STT :)

[11:09] {Threei}  that's my today's cure for boredom

[11:09] {fernp} yes too dangerous for me :)

[11:09] {Onix} what is happening in our GERN Vad?

[11:10] {nemo} triple bottom?

[11:10] {Threei}  you think I have some other quotes, different from yours? :)

[11:10] {larisa} i am creating my list of sane traders, fern  is N1 :)

[11:10] {cujo} Vad, drys, long set up above .20 cents?

[11:10] {Onix} :D

[11:10] {Threei}  yes

[11:11] {Threei}  STT really wants to hit my .70

[11:11] {fernp} ty larisa :)

[11:11] {cujo} in drys .23

[11:12] {Threei}  direct hit

[11:12] {Threei}  +.59 on the last portion

[11:13] {dptl} stop for drys where?

[11:13] {hawkfan4} Laserdave DCC when u can

[11:13] {Threei}  under 12

[11:13] {dptl} ty

[11:15] {Threei}  US HOUSE SPEAKER PELOSI: AIMING TO PASS A BANKRUPTCY REFORM BILLL AT SOME POINT THIS YEAR

[11:16] {Threei}  for scalpers, stop on DRYS is under .10 actually

[11:16] {magoo} entry was?

[11:16] {Threei}  .20... not so much of a call as answer to the question

[11:16] {Threei}  STT... sheesh

[11:17] {KSystems} half out DRY 1:1

[11:17] {KSystems} drys

[11:17] {magoo} yeah..scalped it

[11:18] {cujo} out +.10

[11:20] {Threei}  my job protecting my prominent position among masters of the obvious becomes tougher by day:

[11:20] {Threei}  (CA) BOC'S CARNEY: FINANCIAL MARKET STABILITY REQUIRED FOR A RECOVERY WORLDWIDE

[11:21] {Threei}  no, really?

[11:21] {hawkfan4} more competition for master of the obvious

[11:21] {elepet} still in gern?

[11:21] {Threei}  and what a strong competition

[11:21] {Threei}  no elepet, stopped

[11:22] {elepet} stopped where?

[11:22] {magoo} rimm bounce toime vad?

[11:23] {Threei}  stop was under .30 from the very beginning of the play

[11:23] {Threei}  those who went for 1:1 partial trailed it to under .40

[11:23] {Threei}  those who held for more, got stopped under .30

[11:24] {Threei}  not sure mags... I would feel more secure on .50 break and drop

[11:26] {Threei}  GEITHNER NOMINATION APPROVED BY SENATE PANEL

[11:28] {ese} out NITE at .16 +.15 full lot bee back in an hour and a bit all

[11:30] {KSystems} out gern...puts me red for the day so far

[11:31] {Threei}  15 cents stop?

[11:31] {Onix} join the club KS

[11:31] {KSystems} yeah, but was my only full lot trade today

[11:34] {Onix} Good call on NITE es:)e 

[11:35] {pita} day job calls, see you all later

[11:36] {Threei}  take care pita

[11:36] {larisa} 8000 again

[11:37] {Threei}  and under

[11:39] {cujo} STT short set up if it breaks 19.60 Vad?

[11:40] {dino}   7936, 1136 (gap on ndx), 804 are lows of week

[11:40] {cujo} stt short if breaks 19.60 vad?

[11:40] {larisa} :)

[11:40] {cujo} sry, repeat.  thought i lost connection

[11:41] {Threei}  too far from there cujo

[11:41] {Threei}  stop would have to be too wide

[11:41] {cujo} ahh, underestood

[11:44] {Threei}  US SEN SCHUMER AND SHELBY SEEKING APPROX $110M TO INCREASE STAFF AT SEC, FBI AND DOJ FOR FRAUD INVESTIGATIONS

[11:45] {larisa} may be train existing ones

[11:45] {Threei}  adding jail capacity too?

[11:45] {nemo} they'll investigate but will they do anything?

[11:55] {Threei}  BAC

[11:55] {Threei}  JOHN THAIN HAS AGREED TO LEAVE THE COMPANY IMMEDIATELY WITH THOMAS MONTAG - CNBC

[11:56] {larisa} his driver is sorry, he had 200K+ salary..

[11:57] {dino} feels like i'm stuck in club dead (dead in dixie)

[11:58] {dino} feels like we break weekly lows

[11:59] {Threei}  YHOO: MSFT CEO: STILL INTERESTED IN DOING A SEARCH DEAL BUT NOTHING HAS CHANGED - CONF CALL

[12:02] {nemo} C&H forming on STT?

[12:03] {Threei}  pretty much... .50 break was long trigger but broke while I typed

[12:03] {dptl} Vad would be luv short at .40 if stays below .50?

[12:03] {nemo} yeah, just as I finished typing...about right for today

[12:04] {Threei}  yes dp

[12:04] {dptl} ty

[12:04] {Threei}  watch STT for sharp pullback for long entry, half lot

[12:04] {Threei}  .50 - .60 area

[12:07] {Threei}  in

[12:07] {KSystems} in

[12:07] {cujo} in .57

[12:08] {Threei}  stop under .40

[12:08] {nemo} lower bb is below .40

[12:08] {magoo} in 52

[12:08] {KSystems} .54 here

[12:09] {KSystems} out half .65

[12:10] {Threei}  come on market, little help?

[12:11] {wishbone} laserdave DCC please

06[12:12] * wishbone slaps laserdave around a bit with a large trout

[12:13] {Threei}  half out .8

[12:14] {Threei}  stop to under .5

06[12:14] * dino slaps wishbone around a bit with a large trout

[12:14] {Threei}  market spike is coming

[12:15] {Threei}  unless I am totally submerged in wishful thinking

[12:15] {magoo} out 89 beauty vad:)

[12:15] {dptl} out +.30 ty

[12:15] {Threei}  ummm

[12:15] {Threei}  welcome of course

[12:15] {Threei}  but don't call me that

[12:15] {cujo} thanks vad

[12:15] {KSystems} is it done?

[12:15] {cujo} got out on 1:1

[12:15] {Threei}  IMO... no

[12:15] {Threei}  it's bound to break 21

[12:16] {dino} gtxi

[12:16] {Threei}  or wishful thinking again :)

[12:18] {cujo} Vad  UAUA?

[12:18] {Threei}  too late

[12:18] {cujo} yeah

[12:18] {Threei}  not chasing such sharp spikes

[12:18] {cujo} kinda thought i missed the boat

[12:18] {Threei}  (RU) FITCH NOTES RUSSIA'S SOVEREIGN RATINGS COULD BE CUT IF ITS FX RESERVES FALL FURTHER

[12:19] {cujo} BAC?

[12:20] {Threei}  I don't want to touch this POS

[12:20] {Threei}  not with 10 ft pole

[12:20] {cujo} ha ha ha BAC=POS

06[12:25] * Threei kicks STT in the rear with steel-toed heavy duty army boots

[12:25] {magoo} u have some left?

[12:26] {Threei}  just 300

[12:26] {dino} gtxi pain

[12:26] {Threei}  with almost b/e stop and most of profits booked, want to give it some breathing room

[12:26] {Threei}  hmmm... was it rear? or I confused sides

06[12:27] * Threei turns STT over and kicks it again

[12:28] {Threei}  it should wear a pin or something

[12:28] {Threei}  can't tell front from rear

[12:29] {magoo} u have to smell both ends vad

[12:29] {Threei}  sigh

[12:29] {Threei}  advice I get

[12:29] {hawkfan4} lol

[12:29] {Threei}  I would understand this coming from cujo or dawg...

[12:32] {magoo} well mr magoo can't see so well..heightned senses here

[12:34] {Threei}  market picks up

[12:35] {dino} gtxi resistrictions on teremifene cancer drug

[12:36] {Threei}  oh come on STT

[12:36] {magoo} really

[12:36] {Threei}  out 200 more

[12:37] {Threei}  just 100 left, more like a game

[12:37] {Threei}  will it... will it not....

[12:38] {Threei}  nope, not wishful thinking... reality... loud and clear

[12:38] {Threei}  out last shares

[12:38] {Threei}  .25

[12:39] {Threei}  +.70 or something

[12:39] {cujo} nice trade

[12:39] {magoo} out .31 here TY

[12:39] {Threei}  :)

[12:39] {Threei}  ks?

[12:39] {magoo} i reloaded after asked u if u were in

[12:39] {KSystems} scalped at .65 :(

[12:39] {magoo} from .77

[12:40] {magoo} so beauty vad :)

[12:40] {Threei}  sigh

[12:40] {magoo} and u know i said that on purpose

[12:40] {Threei}  I am scared to ask what the purpose is....

[12:41] {Threei}  and if you go to Bahamas, I cancel

[12:42] {magoo} feels like 25 nbext boss

[12:42] {magoo} withh some help

[12:42] {Threei}  25?

[12:42] {magoo} of course

[12:42] {Threei}  it has 22, 23 and 24 before that :)

[12:42] {magoo} oh DUH

[12:42] {magoo} 22

[12:42] {Threei}  lol

[12:43] {Threei}  now... THAT'S wishful thinking

[12:45] {Threei}  and magoo... stop dccing me qith this inquiry, for the 1000th time: I am NOT trading in my tutu

[12:45] {magoo} WHAAAA???

[12:45] {dino} nasty that you even have one

[12:46] {cujo} what is tutu?

[12:46] {magoo} whats a tutru?

[12:46] {Threei}  I don't dino... someone left it after hawaiian party

[12:46] {cujo} ohh skirt.

[12:46] {Threei}  grass skirt

[12:47] {dino} denial is a river in egypt

[12:47] {KSystems} oh the one you're always trading with?

[12:47] {Threei}  sigh

[12:47] {Threei}  abuse I take

[12:47] {patience} toile vad, not grass

[12:47] {Threei}  I don't even know what toile is

[12:48] {hawkfan4} sounds like French for toilet

[12:48] {Threei}  lol

[12:48] {Threei}  did I start all this?

[12:48] {hawkfan4} u did

[12:48] {patience} damn, on the treadmill and slw jumping, gotta scalp it

[12:48] {Threei}  nah, must be magoo's fault

[12:49] {hawkfan4} GS, finnies rallying a bit

[12:49] {dino} the problems patience must deal with

[12:49] {Threei}  STT really wants 22

[12:49] {magoo} out STT .57 gfrom .20

[12:50] {Threei}  wtg mags

[12:50] {ese} YO!   am back for a bit

[12:50] {Threei}  wb ese

[12:50] {dptl} in.21 out .61 stt

[12:50] {Threei}  dp :)

[12:51] {Threei}  this is kind of things giving me the most moral satisfaction... you guys seeing these setups and taking them on your own

[12:51] {magoo} beat me dpp:)

[12:52] {Threei}  if only magoo stopped asking me for a photo of me in tutu...

[12:53] {magoo} WHA THEEEEEE??

[12:55] {Threei}  'ally

[12:55] {Threei}  well... 15 points NQ...

[12:55] {Threei}  not 'eally 'ally

[12:56] {Threei}  but these days I'll take even that

[12:56] {Threei}  endless selling pressure is tiresome

[12:59] {magoo} brb

[13:03] {Threei}  while there are no clear trades,

[13:04] {Threei}  I decided to try and make a very banal photo, with high degree of platitude

[13:04] {Threei}  http://www.flickr.com/photos/36948132@N00/3217633575/

[13:04] {Threei}  succeeded?

[13:04] {nemo} {&Threei}  if only magoo stopped asking me for a photo of me in tutu...

[13:04] {Threei}  no, not that

[13:04] {nemo} you mean you have one?  scares me more?

[13:06] {nemo} phewww...you take that?

[13:06] {Threei}  yes... who else

[13:06] {nemo} what kind of guitar?

[13:07] {Threei}  hmmm... what kinds are there?? :)

[13:07] {nemo} Martin Dreadnought?

[13:08] {Threei}  you'd have to ask my son... it's his

[13:08] {hawkfan4} i have that Nemo

[13:08] {nemo} you have a dreadnought hawk?

[13:08] {hawkfan4} yep

[13:08] {nemo} kewl...

[13:09] {nemo} the stradivarius of guitars

[13:09] {fernp} I like the photo, Vad

[13:09] {nemo} yeah, makes me think flamenco for some reason

[13:10] {Threei}  ty fern... technically, it's good... theme is... ummm... :)

[13:10] {nemo} oh, shipped those Butchard pictures around to oohhs and ahhhs

[13:10] {fernp} Did you use photoshop? ...Probably yes :)

[13:11] {Threei}  sure

[13:11] {Threei}  isolation on white

[13:11] {Threei}  some cleanup of the glossy deck wqhich always has some fingerprints on it

[13:11] {fernp} nice result

[13:14] {Threei}  NQ looks like dropping to 1150 before bouncing... which gives us RIMM roughly 51.50 area for bounce scalp

[13:16] {nemo} stt setting up again?  

[13:16] {Threei}  I am not sure about it... could bounce, could drop...

[13:17] {nemo} definite maybe...

[13:17] {Threei}  I would prefer much deeper pullback before getting interested again

[13:18] {nemo} ty

[13:18] {Threei}  notice how it lost connection with market

[13:18] {Threei}  while it moved in unison, wqe had a leading indicator for it

[13:19] {Threei}  now that it started ticking on its own merit, the only conclusion I can make is, it's tired, needs fresh influx of buyers, and deep pullback is the only way to create just that

[13:20] {Threei}  more accurate would to say: the only way tbhat I could read

[13:20] {Threei}  DRYS

[13:20] {Threei}  HEARING JEFFERIES REITERATE BUY RATING (TIMING UNCERTAIN)

[13:20] {Threei}  Jefferies stuck from 70s?

[13:21] {Threei}  my sympathies... but I am not in a hurry to bail them out

[13:22] {magoo} back

[13:24] {hawkfan4} lol, dueling analysts : 13:20   DRYS DryShips: Hearing DRYS downgraded to Sell at Cantor  (39.71 -0.33)  -Update-

[13:24] {Threei}  Cantor shorted at 4?

[13:25] {Threei}  lok how willing STT is

[13:37] {hawkfan4} GS nice consolidation

[13:40] {Threei}  STT

[13:40] {magoo} nice alert hawk

[13:40] {magoo} caugt .50

[13:40] {Threei}  21 break half lot if holding .85

[13:40] {KSystems} in

[13:40] {magoo} out here .98

[13:40] {hawkfan4} nice mags, .47

[13:40] {magoo} ty bro

[13:41] {hawkfan4} :) cool

[13:41] {Threei}  1:1 in a hurry

[13:41] {Threei}  wow, nice catch GS guys

[13:42] {KSystems} STT just a scalp?

[13:42] {Threei}  1:2

[13:42] {Threei}  just take profit

[13:43] {cujo} nice call vad

[13:43] {cujo} thanks

[13:43] {Threei}  lunch time money

[13:43] {cujo} ;)

[13:43] {Threei}  GTXI

[13:43] {Threei}  HEARING DEFENDED AT WACHOVIA (TIMING UNCERTAIN)

[13:44] {cujo} Hawk, nice GS call.

[13:44] {hawkfan4} thx cujo

[13:46] {magoo} we got a dawg, a hawk, allz we need in room is a beaver '

[13:46] {dawg} lol

[13:47] {Threei}  don't forget camelot

[13:47] {Threei}  cujo is not for faint heart either

[13:47] {KSystems} STT out .17 and .30

[13:47] {cujo} ;)

[13:47] {Threei}  wtg ks

[13:47] {KSystems} thank you :)

[13:47] {cujo} nice KS

[13:48] {dptl} in.17 out.46 stt

[13:48] {Threei}  on retracement?

[13:48] {dptl} yep

[13:49] {Threei}  :)

[13:49] {hawkfan4} out GS .81, +1.34

[13:49] {Threei}  wow

[13:49] {cujo} nice!!!

[13:49] {hawkfan4} lucky, sat thru a big retrace

[13:49] {patience} very nice hawk

[13:49] {hawkfan4} thx :)

[13:50] {dptl} nice...beer is on you Hawk :)

[13:50] {cujo} that would have driven me nuts

[13:50] {hawkfan4} lol, only if i spill

[13:52] {Threei}  with any more help from market STT aims for 22

[13:53] {Threei}  .65 big offer to take

[13:53] {Threei}  MSFT

[13:53] {Threei}  CFO: AIMS TO INCREASE STAFFING IN SEARCH, MOBILE PHONE SOFTWARE, CLOUD COMPUTING

[13:53] {Threei}  - expects some executives to leave the company, won't specify who; some projects will be canceled

[13:53] {Threei}  wow... MSFT is reinventing itself

[13:54] {Threei}  setups is structuring itself practically

[13:54] {Threei}  .50 - .65 STT

[13:55] {Threei}  with .65 being a trigger

[13:55] {Threei}  invalidated

[13:55] {Threei}  for now

[13:58] {Threei}  watch RIMM too, pullback entry under .50

[13:58] {Threei}  in synch with NQ

[14:00] {magoo} i hit .64

[14:00] {magoo} mkt started up

[14:00] {Threei}  on RIMM?

[14:00] {magoo} yup

[14:00] {Threei}  stop under .50 then

[14:00] {Threei}  PRESIDENT OBAMA AID: PRESIDENT TO MAKE DECISION ON A LARGER ECONOMIC PACKAGE SOON

[14:01] {Threei}  STT changes on the go... better play is aggressive entry if market spikes

[14:02] {Threei}  took .46

[14:02] {magoo} .50 here

[14:02] {Threei}  things are fast and furious

[14:02] {Threei}  half out .65

[14:03] {magoo} out .88 TY

[14:03] {Threei}  welcome

[14:03] {Threei}  half out RIMM

[14:03] {Threei}  or scalp

[14:04] {magoo} scalpin

[14:04] {magoo} out 99

[14:04] {magoo} ty both

[14:04] {magoo} u beatuful

[14:04] {Threei}  eeck

[14:04] {Threei}  definitely tell me if you plan to attend Bahamas

[14:05] {Threei}  STT pulled back right into .50 support

[14:05] {magoo} WOW i got 88 on stt..was laid out there

[14:05] {magoo} look top

[14:06] {magoo} no speedo on u alease

[14:06] {nemo} too visceral mags

[14:06] {Threei}  I'll make sure to wear knight armor if you go

[14:06] {nemo} tutu

[14:06] {Threei}  alternatively, I'll change destination to Antarctica

[14:06] {nemo} shrivel effect

[14:08] {Threei}  .50 break again

[14:08] {Threei}  break only

[14:08] {nemo} on STT?

[14:08] {Threei}  yes

[14:08] {Threei}  stp .35

[14:08] {Threei}  stop

[14:09] {nemo} half or full

[14:09] {Threei}  depends on your risk tolerance and execution speed

[14:09] {Threei}  fast stock

[14:09] {nemo} slow nemo

[14:10] {Threei}  need .50 seller to get cleared

[14:10] {magoo} mkt pulkking back too

[14:10] {Threei}  yes, but STT is holding close to resistance

[14:11] {Threei}  so still good for break

[14:11] {nemo} is that a cross between pulling and puking mags?

[14:11] {magoo} roflol

[14:12] {KSystems} in STT

[14:12] {Threei}  give up already ARCA

[14:12] {Threei}  break only KS

[14:13] {magoo} in

[14:13] {Threei}  sheesh... now .55 seller to clear

[14:13] {dptl} oh look at .55 offer

[14:13] {cujo} in.55

[14:14] {ese} off to give an exam.....see ya tomorow....anybody want to take my math exam ehhhhhhhh?

[14:14] {Threei}  big offers get taken

[14:14] {cujo} stopped

[14:14] {Threei}  hope buyers don't run out of juice prematurely

[14:14] {Threei}  why stopped?

[14:14] {Threei}  never lost support

[14:15] {Threei}  only touched it very briefly

[14:15] {cujo} had stop at .35

[14:15] {Threei}  auto?

[14:15] {cujo} what level should it have ben at?

[14:15] {cujo} manual

[14:15] {cujo} too close?

[14:15] {Threei}  now it's stopped

[14:15] {Threei}  let's let it chill out a bit

[14:16] {nemo} glad I missed it

[14:16] {Threei}  it can't decide wither it's coming or going

[14:16] {nemo} it's been going a long time

[14:16] {nemo} big offer at .49

[14:18] {nemo} whoa blasted through

[14:18] {Threei}  hard to read this

[14:19] {dino} ndx green

[14:19] {nemo} looks like the final stages of..ahhh...eh..mmmm.intimacy, yeah, intimacy.

[14:22] {magoo} pretty good turn around from 266 down

[14:22] {Threei}  does it quite often lately

[14:23] {Threei}  frightening drop, then stunning recovery

[14:23] {hawkfan4} it's the DRYS of the financials

[14:24] {Threei}  lol

[14:25] {Threei}  CA) CANADIAN PM AIDE: DEFICIT TO BE APPROX C$34B IN 2009, DEBT/GDP RATIO FORECASTED AT 28% IN 2010

[14:27] {magoo} 22 comith..but risky

[14:33] {wishbone} .

[14:33] {nemo} ?

[14:33] {magoo} ..

[14:34] {Threei}  poor chaeron

[14:34] {Threei}  he sweeps the floor after hours

[14:34] {nemo} I thought he pilote the boat

[14:34] {nemo} piloted

[14:34] {Threei}  he is multitasking

[14:35] {nemo} RIMM?

[14:35] {nemo} too late

[14:37] {Threei}  .60 break STT

[14:37] {Threei}  ughh'

[14:37] {Threei}  late

[14:38] {magoo} missed that one

[14:38] {nemo} you need voice activated typing

[14:38] {nemo} that understands ukranian accent

[14:38] {Threei}  YHOO

[14:38] {Threei}  SUSPENDS ANNUAL PAY RAISES FOR ALL WORKERS - CNBC

[14:39] {nemo} pink slips next

[14:40] {cujo} any trade if drys pulls back?

[14:40] {Threei}  nah

[14:40] {Threei}  DRYS has no mojo today

[14:41] {Threei}  US) REPORTEDLY US HOUSE PANEL HAS APPROVED $3B IN INTERNET SPENDING AS PART OF STIMULUS BILL

[14:41] {Threei}  what does that mean?

[14:42] {hawkfan4} for porn sites

[14:42] {Threei}  oh

[14:42] {hawkfan4} :)

[14:42] {nemo} infrastructure improvement

[14:42] {cosmo} education

[14:42] {Threei}  porn ed?

[14:43] {nemo} I refrained

[14:44] {cosmo} me too

[14:45] {wishbone} what's porn?

[14:45] {Threei}  I wondered myself

[14:45] {cosmo} 101

[14:45] {wishbone} it won't come up in my charts

[14:46] {wishbone} haha lol

[14:46] {KSystems} ok we need a CEO with guts...

[14:46] {nemo} we need adult supervision

[14:46] {cosmo} from space

[14:46] {wishbone} looks like it nemo

[14:48] {magoo} he he..yeah symbol porn

[14:48] {larisa} not all the way to 8000 please

[14:49] {nemo} Larisa or Patience have to step up and take control

[14:50] {magoo} about an 80 point drop here dow

[14:50] {Threei}  nice STT dump

[14:50] {nemo} RIMM too

[14:51] {larisa} nemo, if I kill your demons, your angels will die too, so just try not to be too .. bad ? :) 

[14:52] {Threei}  that's deep

[14:52] {larisa} very

[14:52] {nemo} not many would answer that way...interesting

[14:55] {wishbone} deep thought: If you drop your keys in a river of molten lava..........kiss them goodbye, cause man.....they're gone!

[14:56] {Threei}  wow... this is just a wisdom overboard today here

[14:56] {nemo} yeah one-eyed people in the kingdom of the blind.

[14:56] {Threei}  I feel grossly inadequate

[14:56] {hawkfan4} lol wish

[14:56] {magoo} just remember...early bird gets the worm...BUT second mouse gets the cheese

[14:57] {nemo} first mouse gets the trap...

[14:57] {Threei}  lol

[14:57] {nemo} Actually, had major problems with mice eating the cheese without tripping the traps.  Had to balance one corner on a stack of pennies...that did it.

[14:58] {patience} double bottom on slw, we'll see if it bounces up

[14:58] {cosmo} so ... it would be better to come back as a bird?

[14:59] {Raven} {}

[14:59] {nemo} yeah, see the world as targets, cosmo.

[14:59] {Threei}  why would you want to come back at all

[14:59] {Raven} to turn out the lights?

[15:00] {Threei}  I'd just flip the switch on exit

[15:00] {Raven} plan ahead

[15:01] {cosmo} i'll take mine with me

[15:01] {Threei}  switch?

[15:01] {cosmo} lights

[15:01] {dptl} lol..you guys....

[15:04] {magoo} big night tonight...GOOG reports

[15:04] {magoo} usually swings 40 points...no kidding

[15:05] {larisa} magoo, did you uplay AAPL yest ?

[15:06] {larisa} after close I mean

[15:06] {magoo} no...i usually do...but could not get a feel for it

[15:06] {larisa} k

[15:06] {magoo} i was off yesterday..remember all my complaining he he

[15:07] {dino} bmrn

[15:07] {Threei}  GOLDMAN SACHS SUGGESTS US TREASURY MAY NEED TO BORROW UP TO $2.5T

[15:07] {nemo} FROM WHOM!!!???

[15:07] {Onix} from whom?

[15:07] {nemo} too funny

[15:08] {nemo} actually...not funny

[15:08] {Onix} great minds think alike :D

[15:09] {nemo} or require institutionalization

[15:09] {hawkfan4} looks like Cantor won the battle of the analysts on DRYS

[15:09] {Onix} :)

[15:09] {Threei}  lol

[15:10] {tomg} ebay short setup, vad?

[15:11] {Threei}  I wouldn't tom... it's locked in too narrow range

[15:11] {tomg} ty

[15:11] {Threei}  just cvan't tell whether it breaks for real if does, or immediately snaps back into range

[15:12] {Threei}  serious dump DRYS

[15:12] {tomg} yeah, i was thinking at about .70

[15:12] {cujo} what about long MSFT if holds .23?

[15:13] {Threei}  I hate MSFT

[15:13] {cujo} i ahve an ability to pick stocks you hate ;)

[15:14] {Threei}  wow

[15:14] {Threei}  DRYS is getting a bit overdone

[15:15] {Threei}  poor jefferies

[15:16] {dptl} have a good evening all

[15:16] {Threei}  take care dp

[15:16] {hawkfan4} u2 dp

[15:16] {magoo} STT held remarkably well

[15:16] {dino} cya dp

[15:16] {wishbone} take care dp

[15:16] {cujo} drys still on the move

[15:16] {KSystems} drys more blood ...

[15:16] {magoo} bye dp

[15:17] {Threei}  panic

[15:17] {cujo} next support 9.40?

[15:19] {Threei}  .40 break if holding .25

[15:19] {Threei}  half lot naturally

[15:20] {magoo} out ,50 TY

[15:21] {magoo} i was skeered

[15:21] {cujo} know that feeling

[15:23] {Threei}  half out .70

[15:24] {KSystems} partialed out half at .55, quart at .70

[15:24] {Threei}  :)

[15:24] {KSystems} rest out

[15:25] {KSystems} in the past i let profit evaporate too easily i guess

[15:25] {KSystems} expensive mistakes that were

[15:25] {Threei}  missed STT dive under 21

[15:28] {Threei}  CHRYSLER TO ANNOUNCE "MAJOR NEW INSCENTIVES" TO BOOST SALES - WSJ

[15:28] {Threei}  nope... still Nissan here

[15:30] {Threei}  1/4 more out .77

[15:30] {Threei}  wow

[15:30] {Threei}  UAUA

[15:31] {Threei}  what happened there?

[15:32] {hawkfan4} don't see news

[15:33] {Threei}  neither do I

[15:33] {Threei}  and it's not like USO did something particularly remarkable last 20 min

[15:36] {Threei}  .60 break DRYS isd gholding .50

[15:36] {Threei}  if

[15:38] {KSystems} probably not...

[15:38] {Threei}  changes to .40 - .50 rather

[15:38] {KSystems} .50 break?

[15:39] {Threei}  noty holding .40 anyway

[15:40] {cujo} missed STT 20.90

[15:40] {dino} 3:40

[15:41] {magoo} oh oh 3:540

[15:42] {dino} 50 pts so far

[15:43] {Threei}  gotta keep an eye on UAUA... maybe getting its mojo back

[15:44] {dino} 60

[15:45] {Threei}  no way to alert in time but if you got the idea of the play, you would take .40 break on DRYS with stop under .30

[15:45] {Threei}  had big offer there too

[15:45] {wishbone} bye all

[15:45] {Threei}  take care wish

[15:47] {dino} 75

[15:47] {magoo} vad..u taking 500 shares goog here into call?

[15:47] {Threei}  huh?

[15:48] {Threei}  I am not eve putting it on my screen

[15:48] {magoo} come on..u gotta watch

[15:49] {cujo} the guy behind me is trading it.. 

[15:50] {Threei}  I am afraid even to ask where you are

[15:50] {Threei}  I mean I am not sure I want to know

[15:50] {cujo} ha ha ha

[15:50] {cujo} not that exciting of place. 

[15:50] {cujo} unfort

[15:51] {Threei}  ummm

[15:51] {cujo} come on drys

[15:51] {Threei}  place where people trade GOOG can't be not that exciting

[15:51] {Threei}  monitors flyiong... walls splashed with ink and blood of sacrificed chicken...

[15:51] {cujo} ha ha ha

[15:52] {Threei}  windows regularly broken by bodies

[15:52] {cosmo} sounds like a goog evening

[15:53] {Threei}  another day in the office

[15:53] {Threei}  successfully cujo?

[15:53] {cujo} ehh 50/50

[15:53] {cujo} him or me?

[15:53] {Threei}  him

[15:53] {Threei}  unless you trade GOOG too

[15:54] {cujo} nah

[15:54] {Threei}  ummm... why then

[15:54] {cujo} he is ok

[15:54] {Threei}  ah, OK

[15:54] {cujo} i don't trade it

[15:54] {KSystems} Vad taking the risk that my question sounds funny, is GOOG so much different from "ours" if you just watch trading size?

[15:54] {Threei}  it is

[15:54] {Threei}  watch it trading

[15:54] {Threei}  you'll see

[15:54] {KSystems} ok

[15:54] {Threei}  even with 100 shares you can get get hurt beyong recxognition in not time

[15:55] {magoo} me and laser used to bang on GOOG

[15:55] {Threei}  hmmm

[15:55] {Threei}  isn't it very private information, between you and laser

[15:57] {magoo} sorry i guess..not really anything specific given there

[15:58] {Threei}  does it usually announce right after?

[15:58] {Threei}  or I have to wait 30 minutes again?

[15:58] {magoo} yeah

[15:58] {magoo} 40 points just no way of knowing which way

[15:58] {hawkfan4} i think goog is right away

[15:58] {magoo} i believe it is too 

[15:59] {magoo} yesterday i guessed UP aapl

[15:59] {magoo} i think UP gun to head..not trading it

[15:59] {Threei}  shortable

[15:59] {Threei}  so can play both ways

[16:00] {magoo} prob w/GOOG is its up 20+ points from yesterday already

[16:00] {fernp} good evening all

[16:01] {Threei}  take care fern

[16:01] {Threei}  well

[16:01] {Threei}  let's watch

[16:01] {magoo} up 21

[16:01] {Threei}  REPORTS Q4 $5.10 V $4.95E, R$ (EX-TAC) V $4.11BE

[16:02] {Threei}  lol

[16:02] {Threei}  I just made 500 bucks on GOOG magoo

[16:02] {Threei}  this is your fault

[16:02] {cujo} nice

[16:02] {Threei}  315 in

[16:02] {cujo} ha ha ha

[16:02] {Threei}  319.99 out

[16:02] {Threei}  100 shares

06[16:03] * magoo slaps &Threei around a bit with a large roll of cash

[16:03] {cujo} are you really in good?

[16:03] {cujo} goog

[16:03] {Threei}  [16:02] {Threei} 315 in

[16:03] {Threei}  [16:02] {Threei} 319.99 out

[16:03] {hawkfan4} nice vad

[16:03] {cujo} nice

[16:03] {Threei}  so not in anymore

[16:03] {magoo} u DOG

[16:03] {cujo} got ya

[16:04] {Threei}  what a pure gambling

[16:04] {Threei}  look at it tanking

[16:04] {Threei}  could do that just as easily with me onboard

[16:04] {magoo} i saw 325

[16:04] {nemo} whoa...guess you'll have to inclue yourself in the group.huh vad

[16:04] {Threei}  yes, but I bought on pullback, after that

[16:04] {larisa} what for ? :)

[16:05] {Threei}  that completed very good day

[16:05] {Threei}  making if very very good

[16:05] {cujo} yeah, thanks again Vad.  See you tomorrow. 

[16:05] {Threei}  thank you all

[16:05] {larisa} later guys :)

[16:05] {Threei}  have a great evening

[16:05] {Threei}  see you tomorrow

[16:05] {nemo} How's the arm

[16:05] {KSystems} Thank you :) I will miss first few hours tomorrow

[16:05] {hawkfan4} u2

[16:05] {magoo} u topo vad

[16:05] {KSystems} join you later then

[16:05] {Threei}  thank you nemo, just fine

[16:05] {magoo} too

[16:05] {Threei}  I exercise it regularly

[16:06] {Threei}  ok KS

[16:06] {Threei}  we will miss you

[16:06] {KSystems} lol

[16:06] {KSystems} that i doubt

[16:06] {Threei}  I promise

Jan 21 2009

Lukewarm start of the day (4 trades, 2 wins 2 stops) was sudden;y followed by a very strong performance. Some of usual suspects (DRYS is impossible to omit) plus some unlikely trading candidates like STT made the day nicely profitable.

 

Session Time: Wed Jan 21 00:00:00 2009

[08:00] {cujo} good morning all. 

[08:11] {Threei}  good morning

[08:12] {cujo} morning

[08:14] {magoo} morning

[08:15] {Threei}  cujo, magoo :)

[08:17] {Threei}  BALTIC DRY BULK INDEX +3.2%, A SECOND STRAIGHT ADVANCE

[08:21] {nemo} Gruestig, mornin'

[08:21] {Threei}  nemo :)

[08:22] {magoo} just missed drus move

[08:22] {nemo} look @ stt

[08:22] {magoo} i believe AAPL after bell ...any other biggies vad?

[08:22] {magoo} what about STT?

[08:23] {nemo} DCB from yesterday's debacle

[08:23] {Threei}  01/21/09 01:25am

[08:23] {Threei}  [STT] State Street Corp "Heard on the Street" looks at STT's bond-related losses and capital levels

[08:24] {Threei}  - The article comments on STT's higher than expected losses. The company had mark-market losses of $6.3B in Q4, which was well above Morgan Stanley's estimate. In addition, STT reported higher paper losses on its bond holdings.

[08:24] {Threei}  - Citigroup and JP Morgan also reported large paper bond losses in Q4. The system-wide bond losses by banks could show that there is a lack of appetite for certain types of bonds, such as corporate bonds.

[08:24] {Threei}  - WSJ notes that Obama's administration may have to increase the Fed's commitments to buy bonds and possible expand the types of bonds that the Fed can buy.

[08:24] {Threei}  - With respect to State Street's capital levels, the company has a Tier 1 capital ratio of 20.5%, but its tangible common equity as a percentage of tangible assets, including off-balance sheet vehicles, is 1.05% of assets.

[08:26] {patience} gm RT

[08:26] {Threei}  patience :)

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

[08:27] {Threei}  latisa :)

[08:27] {Threei}  ummm

[08:27] {Threei}  t=r

[08:27] {Threei}  I guess

[08:27] {elepet} good morning to all.

[08:27] {Threei}  elepet :)

[08:27] {larisa} threei, elepet :)

[08:28] {elepet} I figured out what 1:1 means. slowly learning. What is link to Baltic dry bulk index?

[08:29] {Threei}  link?

[08:29] {Threei}  I don't think there is any

[08:29] {Threei}  at list not real time

[08:30] {Threei}  or you mean explanation what it is?

[08:31] {elepet} so how do you find out information? I think you once mentioned it here. I did find out what it is.

[08:31] {Threei}  I have real time news feed

[08:41] {KSystems} elepet you may find a good explanation of what the Baltic Dry Index is at http://en.wikipedia.org/wiki/Baltic_Dry_Index

[08:44] {pita} Hello everyone, been awhile since I visited.....

[08:44] {Threei}  hi pita, welcome back

[08:44] {cujo} hello

[08:45] {pita} hi cujo, ty Vad

[08:49] {hawkfan4} good morning all

[08:49] {Threei}  hawk :)

[08:51] {magoo} anyone know who of significance reports after bell ? i believe AAPL

[08:52] {elepet} I did that already. have a list of others besides drys and am holding one or two for medium long term. 

[08:52] {Threei}  EBAY mags

[08:53] {pita} AAPL at 4:30 est, I believe

[08:54] {cujo} http://biz.yahoo.com/research/earncal/20090121.html

[08:54] {magoo} AAPL always good for 20 point move

[08:54] {cujo} I use Yahoo for earnings Cal.  Not sure if it is what you are looking for. 

[08:54] {magoo} never know which way tho

[08:54] {magoo} IBM went up 5 last nite

[08:55] {magoo} dow been down last 9 of 10 correct?

[08:56] {elepet} SST  pre market. up quite a bit.

[08:56] {magoo} TY btw 

[08:57] {nemo} stt (echo,echo,echo)

[08:58] {magoo} if OIF we are to move up today...GS is the mkt tell

[08:58] {elepet} oh yes. not typing so good this morning. pretty early.

[08:59] {Threei}  PALM is trying to chew through 8 time and again

[09:00] {magoo} 8.30 arra turned it back 2 sessions ago i believe

[09:00] {KSystems} Good morning!

[09:01] {nemo} Gruess Gott Herrn K!

[09:04] {Threei}  ks :)

[09:07] {dptl} gm all

[09:07] {Threei}  dp :)

[09:07] {gen} gm all

[09:07] {Threei}  gen :)

[09:08] {Onix} gm all

[09:09] {Threei}  onix :)

[09:09] {KSystems} nemo how's your trouting?

[09:09] {KSystems} did it work?

[09:09] {nemo} nope

[09:10] {Threei}  I guess someone up there doesn't want you to be armed

[09:10] {nemo} I reinstalled the whole shbang.  nuttin'  Leaves me kinda empty. :(

[09:10] {nemo} I'll settle for coffers full of money

[09:11] {fernp} Hello everybody

[09:11] {Threei}  fern :)

[09:11] {magoo} so u are vulnerable nemo?

[09:11] {Threei}  nemo... duck

06[09:12] * magoo slaps nemo around a bit with a large big grinn knowing retaliation not an option

[09:12] {ese} morning.....

[09:12] {Threei}  ese :)

[09:12] {Threei}  gen... dcc please

[09:13] {nemo} I use a Nightforce magoo and practice at 1000 yds.

[09:14] {nemo} Well, not in all this snow

[09:15] {Threei}  yesterday's high is 14.05 for DRYS

[09:16] {Threei}  on some openings it rallies like crazy, on some it makes a steep pullback, then big bounce

[09:17] {Threei}  can't really tell which scenario develops today... I would love big pullback

[09:17] {Threei}  over last week or so it pulled back from 17+ highs on decreasing volume, looks like bull flag on daily

[09:18] {Threei}  but the gap is already too big

[09:18] {Threei}  so, most likely let's go with pullback scenario and try to catch it if materializes

[09:19] {Threei}  if no pullback, let's watch for opening range break

[09:20] {cujo} what price would signal a pullback?  around 13.95 on increasing vol?

[09:20] {Threei}  that's a bit too shallow for a pullback

[09:21] {Threei}  if 13.95 is all it can do on the downside, than opening range break is the way to go

[09:21] {cujo} ok, keeping eyes open. 

[09:21] {cosmo} PALM

[09:21] {cosmo} tests

[09:22] {dino} gm

[09:23] {magoo} on drys..it should hit 15 if breaks up..psattern is to run much farther than scalp

[09:23] {Threei}  dino :)

[09:23] {Threei}  very true mags

[09:24] {Threei}  PALM... .30 - .40 zone is highs of two days

[09:25] {Threei}  usually it forms nice solid consolidation before break and run

[09:25] {cosmo} including open breaks?

[09:25] {Threei}  so, if this one wants to continue its rally, I would think we will have enough of advance warning

[09:26] {Threei}  not sure cosmo, did't track open breaks on it

[09:26] {cosmo} seems like its been years...

[09:28] {Raven} it has ...

[09:29] {Threei}  lol

[09:30] {cujo} Drys moving lower

[09:30] {Threei}  13.60 or so, I am interested in pullback

[09:31] {Threei} Long Setup:  PALM  8 break if holding above 7.85

[09:31] {Threei}  scalpers can keep stop under .90

[09:31] {KSystems} in

[09:31] {fernp} in

[09:31] {magoo} in

[09:33] {cujo} in

[09:33] {Threei}  stop to under .90 in any case

[09:33] {elepet} in

[09:34] {Threei}  8.05 becomes critical level

[09:35] {Threei}  no worky

[09:35] {KSystems} out

[09:35] {fernp} stopped

[09:35] {cujo} stopped

[09:36] {Onix} what you ean by 8.05 is critical level on PALM Vad?

[09:36] {Threei}  it tested it twice

[09:37] {Threei}  became a resistance defining the future of the trade

[09:37] {ese} bstop WGOV. 24.50 1/2

[09:38] {Onix} ty

[09:38] {Threei}  DRYS losing support

[09:41] {ese} wgov  invalidated

[09:45] {ese} HBHC dino?

[09:45] {Threei} Long Setup:  DRYS  .65 break half lot if stays above .50

[09:45] {magoo} any read RIMM ?

[09:45] {KSystems} in

[09:46] {Threei}  RIMM, want deeper pullback

[09:48] {Threei}  DRYS 1 cent shy of 1:1? come on

[09:52] {Threei}  DRYS over 1:1

[09:53] {dino} hbhc blood

[09:53] {KSystems} half out .81

[09:53] {Threei}  stop to under .60

[09:54] {Threei}  and try to exit second half around 14

[09:54] {Threei}  offer .96 - .97

[09:54] {Threei}  out

[09:55] {Threei}  ks?

[09:55] {KSystems} DRYS - in .66 - out 1/2 .81 - out rest .97

[09:55] {Threei}  good

[09:55] {Threei}  between PALM and DRYS, we may have stayed in bed just as well {G}

[09:56] {ese} l hbhc .75

[09:56] {ese}  1/2

[09:56] {ese} sorry thats 25.78

[09:57] {ese} out .12 

[09:57] {ese} +.34

[09:58] {ese} dino your my idol man!!

[09:59] {Onix} ty Vad, i got 30c in DRYS

[09:59] {ese} went long after that first reversal on 1min chart high was .76 got .78....you live a dangerous life though

[09:59] {Threei}  :)

[09:59] {Threei}  nice one ese

[10:00] {magoo} is there a breakout play DRYS?

[10:00] {Threei}  14 break is obvious setup on it

[10:00] {Threei}  hate the way it pulls back though

[10:01] {Threei}  it's usually fine when there is a real momop

[10:01] {Threei}  momo

[10:01] {Threei}  but it's a bit labored today

[10:02] {nemo} stt 

[10:02] {dino} gj es

[10:04] {ese} tks dino

[10:04] {dino} idcc

[10:05] {ese} indeed

[10:05] {ese} where....

[10:05] {Threei}  GE

[10:05] {Threei}  MOVES BELOW NOVEMBER LOW TO TRADE AT LEVELS NOT SEEN SINCE 1996

[10:06] {Threei}  no kidding

[10:06] {ese} and thats a pretty solid company

[10:07] {Threei}  ok... if DRYS is not losing .85 anymore, 14 break become more palatable

[10:07] {Threei}  (not less scary, mind you)

[10:08] {ese} thats a 10 month high on IDCC also dino

[10:08] {Threei}  invalidated

[10:08] {Threei}  kind of relief, to say honestly :)

[10:08] {Threei}  didn't feel easy about that break

[10:08] {Threei}  RIMM is holding interestingly strong on this market pullback

[10:09] {nemo} is that an unequivocal maybe?

[10:09] {Threei}  you lost me right after "is"

[10:10] {Threei}  hey, Geithner paid his taxes

[10:10] {Threei}  how nice of him

[10:10] {nemo} poor sense of humor-me

[10:11] {Threei}  no clear setup on RIMM

[10:11] {Threei}  a bit listless chart

[10:12] {ese} arghhhhh...wasn't paying attention WGOV missed 24,50 

[10:13] {ese} ah well...more where that came from

[10:13] {fernp} QCOR holding. Any read, Vad?

[10:14] {Onix} stoppe in PALM, thought the 7.70 would hold it

[10:14] {Threei}  chart looks right fern... it's volume that I hate

[10:15] {Threei}  trades by appointment

[10:15] {fernp} Yes, I see. ty

[10:15] {Threei}  PALM is losing will to live Onix, leave it well alone for now

[10:16] {Threei}  couldn't even stage a decent bounce when market made new highs

[10:16] {Onix} for sure!

[10:19] {ese} L hbhc again .38

[10:20] {ese}  1/2

[10:21] {Threei} Long Setup:  PLD  .40 break half lot

[10:21] {ese} out .57

[10:21] {Threei}  if sets up from here, stop is under .30

[10:21] {Threei}  .20 invalidating level

[10:22] {ese} weird fill +.19

[10:22] {ese} was showing .42

[10:22] {Threei}  aggressive entry is probably a good idea if cmes closer to .20

[10:23] {ese} WGOV.....nice move after .50 breakout

[10:23] {Threei}  pretty much a market follower so keep an eye on the broader market totime it

[10:23] {ese} almost up 1 pt

[10:26] {ese} speaking of weird fills vad....was watching time a sales  and didn't even see .57...how does a broker do that without posting on the time and sales ...in house?  cand they do that

[10:26] {fernp} invalidated or good moment to jump in w/stop under 11.00?

[10:26] {Threei}  to me, feels right for entry fern

[10:26] {fernp} ok, in

[10:26] {Threei}  on what ese?

[10:27] {ese} hbhc ....my last rade

[10:27] {ese} fill on my 1/2 ;ot was .57

[10:27] {Threei}  sorry, didn't watch it...

[10:27] {ese} but didn't see posted on time and sales

[10:28] {ese} was just wondering if they can do that....brokers that is

[10:28] {Threei}  not really without posting print

[10:28] {ese} do a fill without posting on time and sales

[10:28] {Threei}  market sharp drop

[10:29] {ese} maybe missed it 

[10:30] {fernp} stopped PLD

[10:31] {dino} cohu

[10:31] {ese} check out pattern on ERIC vad......textbook...from your book......10 cent range

[10:33] {Threei}  too narrow

[10:33] {Threei}  not sure it hasd a play in it

[10:33] {ese} too narrow.....no breakout either side

[10:36] {Threei}  STT huge pullback

[10:41] {nemo} on stt, is that an ascending triangle or diving board!

[10:41] {Threei}  can't tell really

[10:42] {dino} celg sm l .02

[10:54] {magoo} pie*e sh*t market

[10:54] {nemo} gotta wonder if the markets are getting readly to keel over hard.  It's like the Grinch and the sleigh

[10:54] {gen} :( have to go do my job :(

[10:54] {gen} by everybody

[10:55] {fernp} bye gen

[10:55] {Threei}  take care gen

[10:55] {magoo} bye gen

[10:57] {Threei}  FORMER FED CHAIR VOLCKER: US IN 'SERIOUS RECESSION', NO END IN SIGHT; USD CONFIDENCE MAY POTENTIALLY BE 'UNDERMINED'

[10:57] {Threei}  helpful comments eh

[10:57] {nemo} understatement

[10:57] {dino} s&p gap fill

[10:57] {dino} 1136 ndx gap

[10:58] {magoo} every f'n day if u shorted opening spike

[10:58] {magoo} dammit

[10:58] {Threei}  relax mags

[10:58] {magoo} its so obvious its stupid

[10:58] {Threei}  what's with emotions

[10:59] {dino} rally next week magoo, mark-ups. happens every month

[10:59] {cujo} even in mkts like this?

[10:59] {nemo} apocalypse next week..no markups

[10:59] {dino} 1000 dji pts., 140 ndx, 120 s&p

[11:00] {dino} nemo, check last week oct, nov., dec

[11:00] {magoo} it wears on ya vad..enoughs enough with this sh%t mkt

[11:00] {nemo} dino-you mean markups! never mind my sense of humor

[11:00] {dino} getting close magoo, need more people thinking that way

[11:01] {nemo} mags-what shit market...Vad's been makin money for months

[11:01] {dino} ok nemooooooooooooo

[11:01] {Threei}  I am at loss

[11:01] {Threei}  really

[11:01] {dino} it's all good

[11:01] {Threei}  what's wrong with market where we run such percentage?

[11:01] {Threei}  it's not very tradeable today so far, so what?

[11:01] {magoo} figure it out..maybe u have but i haven't

[11:02] {Threei}  all my calls and trades are posted

[11:02] {Threei}  I don't know what it is I need to figure out

[11:02] {Threei}  don't take it out on me, ok?

[11:02] {nemo} nothin' to figure out other than what you do right now.  Yesterday was great, today so, so...tomorrow...somethin' else.

[11:03] {dino} i'll say this, i've traded less this month than a usual week. lots of sitting for me

[11:03] {cujo} think this is head fake on the bounce?  

[11:03] {cujo} indicies

[11:03] {Threei}  no read for now cujo

[11:03] {Threei}  I want to let this selling sort itself out

[11:03] {dino} cujo, need that ndx gap filled, or we come back to it later

[11:03] {magoo} figure out+maybe u up but i not..i don't just follow u blindly {although maybe i should}

[11:04] {Threei}  every bounce got smacked so far, no need to guess on each f them

[11:04] {dino} 1136

[11:04] {cujo} yup, not making a move.  Just in interesting territory.

[11:05] {nemo} Seems I remember reading in Livermore's book he actually had to go back to work for awhile because the market was doin' nothin'.  

[11:05] {Threei}  I don't want to be overactive on a day when trades don't work out with high percentage

[11:05] {dino} it's doing something, 15% ranges

[11:05] {Threei}  look at two days to compare:

[11:06] {Threei}  yesterday almost all of them worked, we did around 10 trades, adn I continued pushing when valid setups presented themselves

[11:06] {Threei}  out of 3 today's, only one did

[11:06] {dino} i would like to buy a hambuger

[11:06] {nemo} So, the weak morning tells you the stars aren't aligned for you today

[11:06] {nemo} Dino...will you pay for it Tuesday?

[11:06] {Threei}  so I don't want to overtrade until things start looking more readable

[11:06] {dino} think in terms of probabilities

[11:07] {dino} i will gladly pay you tomorrow for a hamburger today

[11:07] {nemo} I figgered

[11:07] {nemo} I've had all I can stands and I can't stands no more!

[11:08] {larisa} traders are way more emotional these days :)

[11:08] {dino} lol

[11:08] {nemo} valium helps

[11:08] {magoo} let me set my rage straight...i am not getting on your case...i just think this mkt sux...worste jan in long time./..pretty lame seasonality in dec...i am sick of it...cant even get 2 days up straight ovr 100 pts 

[11:10] {magoo} christ dow under 8k

[11:10] {magoo} mkt sux

[11:10] {ese} adtn...

[11:12] {dino} ahhh, magoo, the vodka is in the freezer, have a shot or two

[11:12] {magoo} im gonna dino....im GONNA

[11:12] {dino} there he goes down the hall

[11:13] {Threei}  DRYS, looks ready for bounce scalp

[11:13] {Threei}  based on market bounce only

[11:14] {Threei}  .35 closest support

[11:14] {Threei}  try to catch it on one of these quick trips down

[11:15] {Threei}  if holding well on this market pullback, will be capable of more than scalp

[11:16] {Threei}  good offer at .42 for entry indication

[11:16] {magoo} in .33 just now

[11:16] {nemo} ah shit Laser dumped on me

[11:17] {magoo} dave what???

[11:17] {Threei} Long Setup:  DRYS  .42 break if holding above .30

[11:18] {ese} tick and trin index are showing people buying today......this thing go crazy by the end of the day....although Vochkers comments didn't exactly help....that guys a war monger i think

[11:18] {Threei}  you have seriously over 1:1 here mags

[11:19] {ese} qqqq double bottom...hmmmmmmm

[11:20] {ese} i hear mags pain though......

[11:20] {magoo} to be clear..vad IS doing great in a terrible market

[11:20] {dino} me too (literally)

[11:21] {magoo} problem is..i am a momo trader and miss the MOMO

[11:21] {nemo} ahhhhhh...an adrenaline junky

[11:21] {Threei}  that's magoo

[11:22] {Threei}  momo will be back... but momo markets are not a very high percentage of time

[11:22] {nemo} Magoo you ever heard the story of the young bull and the old bull?

[11:22] {Threei}  DRYS half out

[11:22] {wishbone} lol nemo

[11:22] {Threei}  lol

[11:22] {ese} noope

[11:22] {ese} what is it

[11:22] {magoo} no..but dino always giving the hair vs rabbit story

[11:23] {ese} tick +1200 trin -2.8 thats big buying...could be bigger but it's big

[11:23] {dino} and the lesson of the rocking horse winner

[11:23] {nemo} ese check your windows

[11:24] {Threei}  stop to .39

[11:24] {ese} whats up?

[11:24] {Threei}  try to exit second half DRYS on a spike above .60

[11:24] {ese} i'm looking through a fog?

[11:24] {magoo} i can relate to rocking horse winner...thats magoo to a tee

[11:24] {Threei}  STT... was temoted to call 16 break and hesitated

[11:24] {nemo} ese, you on mirc?

[11:25] {magoo} there must be more money....must be more $$

[11:25] {ese} no.....

[11:25] {nemo} ahh, that's a problem.  I can't really tell you the story in a public forum

[11:26] {ese} caught it....

[11:27] {dino} cvtx

[11:27] {magoo} now im mad........dino out of vodka

[11:28] {dino} scotch on the file cabinet

[11:28] {nemo} try rubbing alcohol, mags

[11:28] {magoo} over ice?

[11:28] {nemo} with cranberry juice

[11:28] {magoo} ok..on it

[11:29] {nemo} too bad can't get ludes anymore

[11:29] {magoo} l rimm here ,.48

[11:29] {magoo} l q here .30

[11:30] {magoo} lets getter' done

[11:30] {Threei}  DRYS stop to .45

[11:30] {Threei}  here comes out break

[11:31] {dino} mcd sm l .18

[11:31] {Threei}  out in full .62

[11:32] {Threei}  50/50 again... lol

[11:32] {Threei}  threading water

[11:33] {magoo} no laughing..cant focus :)

[11:33] {Threei}  you took profit on your DRYSS??

[11:33] {magoo} nope

[11:33] {Threei}  shrug

[11:33] {KSystems} yes :)

[11:33] {Threei}  you have unrealistic expectations for this market magoo

[11:34] {magoo} was tyhinking .80?

[11:34] {Threei}  so partial

[11:34] {Threei}  why risk whole thing?

[11:34] {Threei}  you see waves changing on a dime

[11:34] {nemo} adrenaline?

[11:34] {Threei}  some idiot comes out with some idiotic remark,

[11:35] {Threei}  whole market dumps next second

[11:35] {Threei}  why be a victim of idiots?

[11:35] {nemo} one in hand mags

[11:35] {Threei}  protect your profits

[11:35] {magoo} out

[11:35] {magoo} TY

[11:35] {Threei}  didn't we go through the parade of idiots commenting on things they had no slightest idea bout, yet influenced market greatly, a few months back?

[11:36] {magoo} oyt RIMM .68

[11:36] {magoo} TRY

[11:36] {cujo} I wan't here a few months ago.  Was that The Jim Cramer Biography?

[11:36] {magoo} TRY=TY

[11:36] {Threei}  and all this emotional hoopla totally threw me off re: STT

[11:36] {Threei}  grrr

[11:36] {dino} lol cujo

[11:37] {Threei}  lol cujo

[11:37] {cujo} ;)  I try

[11:37] {Threei}  no... although it could have easily been

[11:37] {dino} pretty much short anything cramer says to buy

[11:37] {Threei}  I referred to the situation we had on hands when TARP was debated

[11:37] {cujo} yeah "The Cramer Effect"

[11:37] {cujo} ahh TARP

[11:37] {Threei}  every 15 minutes new comment would appear

[11:37] {Threei}  approved

[11:37] {Threei}  not approved

[11:37] {Threei}  approved but with conmditions

[11:38] {Threei}  these seators do not agree with cnditions

[11:38] {Threei}  these do

[11:38] {dino} T(total)A(azzhole)R(re-election)P(plan)

[11:38] {cujo} he he

[11:38] {Threei}  and market would drop or jump like crazy with every comment

[11:38] {Threei}  try to trade when it's such a mess, lol

[11:38] {cujo} it was crazy then. 

[11:39] {nemo} that 850b dem stimulus plan is spread out over 10 years, by the way

[11:39] {Threei}  now, guys

[11:39] {Threei}  let's restore the balance a bit, shall we

[11:39] {Threei}  we are at 50 % so far today, 4 trades,

[11:39] {Threei}  2 wins, 2 stops

[11:40] {Threei}  nothing remarkable, I mean I wouldn't run around telling pretty girls about such achievement in hope to excite them by my trading prowess,

[11:40] {Onix} is that a good balance?

[11:40] {Threei}  and nothing to be desperate about

[11:41] {larisa} how did you want to play STT vad?  16 break to upside  afer bottoming under 15.50 ? just curious.

[11:41] {Threei}  I mean emotional abalnce and perspective on things

[11:41] {KSystems} where was the first stop?

[11:41] {KSystems} or rather, _when_?

[11:41] {nemo} Vad, expectations, expectations, expectations. 

[11:41] {Threei}  yes larisa, with stop under 14.80

[11:41] {nemo} Emotions are the enemy of execution...as you said STT

[11:41] {Threei}  15.80

[11:41] {larisa} 15.80 you mean/ pullback too big and 16 too far off bottom, just wondering what was your vision

[11:42] {Threei}  PALM ks, right after the open

[11:42] {KSystems} ok, that one i got

[11:42] {KSystems} then the other one?

[11:42] {Threei}  PLD

[11:42] {KSystems} wow it didnt even trigger for me

[11:42] {Threei}  was hesitant call, but asnwering a question on it it could qualify as a call nonetheless

[11:43] {Threei}  no, it was more like a pullback entry

[11:43] {KSystems} ok, ty

[11:43] {Threei}  larisa... setup I mean was:

[11:43] {Threei}  after bounce off 15.50 it consilidated a bit under 16,

[11:44] {Threei}  then broke it with low of the consolidation range about 15.80

[11:46] {hawkfan4} am i here?

06[11:46] * magoo slaps hawkfan4 around a bit with a large roll of cash

[11:46] {Threei}  I am very tempted to say no

[11:47] {nemo} beat me to it vad

[11:47] {nemo} Vad, if STT breaks .80 likely to test spike in an up market?

[11:47] {hawkfan4} lol :)...finally conquered mirc

[11:47] {Threei}  lol

[11:47] {Threei}  mirc proves to be worthy adversary

[11:48] {Threei}  people fight it for weeks

[11:48] {nemo} I want my mirc attacks!

[11:49] {magoo} i only beat it yesterday

[11:50] {cujo} Free traders expo in NYC in FEB.  Anyone in the area?

[11:50] {Threei}  UAUA COO: CLEARLY SEEING LESS DEMAND FOR AIR TRAVEL; CUSTOMERS ARE FLYING LESS AND TAKING COACH MORE OFTEN - CONF CALL

[11:51] {Threei}  don't waste your time cujo

[11:51] {cujo} really?  Ugh.

[11:51] {Threei}  I used to give seminars on thoswe

[11:51] {Threei}  there was a good reason why I stopped

[11:51] {Threei}  turned into total vendorfest

[11:51] {Threei}  no substance, just selling

[11:52] {cujo} got it.  Yeah there are a ton of vendors there. 

[11:52] {Threei}  that would fine,

[11:52] {Threei}  after all, expo must turn profit somehow

[11:52] {Threei}  but there must be some value delivered as well

[11:52] {cujo} yeah

[11:53] {Threei}  and that part disappeared when new Expo owners started treating speakers as commodity

[11:53] {dino} evep

[11:53] {cujo} well, saved me 2 days in the cold treking to midtown ;)

[11:53] {Threei}  unless you want a lot of sale pitches

[11:53] {nemo} miss any calls?

[11:54] {Threei}  no

[11:54] {cujo} nah, would rather sleep ;)

[12:05] {Threei}  AAPL

[12:05] {Threei}  SEC OPENS INQUIRY INTO DISCLOSURE OF CEO STEVE JOBS' HEALTH - WSJ CITING SOURCES

[12:06] {magoo} kind of old vad

[12:06] {magoo} read this morn

[12:06] {Threei}  another YHOO/MSFT rumor, no slightest reaction this time

[12:06] {cujo} boy who cried wolf. 

[12:09] {dino} wasn't cujo a movie about wolves?

[12:09] {cujo} ha ha ha

[12:09] {cujo} a big slobbery rabid dog

[12:10] {nemo} Saint Barnard actually

[12:10] {cujo} ;)

[12:11] {cujo} possible c & h starting to form in AAPL?

[12:11] {magoo} my Q finally ovwer 1:1

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

[12:12] {cujo} got ya. 

[12:12] {Threei}  if market goes up strongly it could follow of course

[12:12] {cujo} y

[12:12] {Threei}  but looks iffy

[12:16] {Threei}  IDCC

[12:16] {Threei}  big offer at .20

[12:16] {Threei}  long half lot if taken

[12:16] {Threei}  stop under .30

[12:19] {magoo} dam xploded

[12:19] {magoo} i caught .28

[12:20] {Threei}  hmmm

[12:20] {Threei}  a bit high

[12:20] {magoo} yup

[12:20] {Threei}  what do you use market orders??

[12:20] {dino} out mcd .78, +.60

[12:20] {magoo} NO

[12:20] {cujo} +.10

[12:20] {cujo} IDCC

[12:20] {cujo} Thanks Vad

[12:20] {Onix} gj dino!

[12:20] {Threei}  lol cujo... that's relentless profit grabbing

[12:20] {Threei}  wtg

[12:20] {cujo} sry

[12:20] {magoo} u dog cujo

[12:20] {cujo} gun shy

[12:20] {Threei}  lol

[12:20] {magoo} i prob bought yours

[12:20] {cujo} he he he

[12:21] {cujo} sld .29 and .32

[12:21] {cujo} maybe?

[12:21] {dino} ty onix

[12:22] {Threei}  half out .40

[12:22] {Threei}  stop to .15

[12:24] {Threei}  how about this market dump

[12:25] {Threei}  stop to just under .20

[12:25] {Threei}  out

[12:25] {Threei}  .24 and .22

[12:26] {magoo} mkt jkilled it

[12:26] {Threei}  yeah, it had more in it

[12:26] {Threei}  maybe still does

[12:27] {Threei}  but I am not taking chances on a thin stock

[12:28] {magoo} markets show no confidence

[12:36] {magoo} vad..i got weird feeling DRYS going over day high

[12:37] {magoo} just way its hangin around

[12:37] {Threei}  can't tell anything here

[12:37] {Threei}  IDCC, yeah, this thing is full of determination

[12:37] {Threei}  DRYS, don't know

[12:37] {cujo} stt testing support?

[12:38] {Threei}  losing is more like it :)

[12:38] {cujo} short set up?

[12:38] {Threei}  not here

[12:38] {Threei}  .50 breakdown was

[12:38] {dino} idcc, bad memories, couple years ago held 3k shares overnight, opened  minus 8

[12:38] {Threei}  yikes

[12:39] {dino} yeah, it kind of sucked

[12:39] {larisa} :(

[12:39] {magoo} oh yeah...it was a stock tip from lefty

[12:42] {Threei}  who?

[12:43] {magoo} a fraternity friend of ours

[12:43] {magoo} he gave us the tip[

[12:44] {Threei}  TREASURY NOMINEE GEITHNER: CURRENCY MANIPULATION IS A SIGNIFICANT ISSUE

[12:44] {Threei}  {USD/CNY}

[12:44] {magoo} who needs enemies lol

[12:44] {hawkfan4} is he still a friend? :)

[12:44] {hawkfan4} lol

[12:45] {Threei}  see hawk.,.. you think of mags better than I do... question that crossed my mind was is he still alive?

[12:46] {dino} my fault, i put the trade on

[12:46] {cujo} lunchtime

[12:46] {cujo} brb

[12:46] {hawkfan4} lol vad

[12:46] {dino} like a semester at harvard

[12:47] {nemo} doin' the deed's not the problem.  Gettin' rid of the body...that's a problem

[12:47] {hawkfan4} been there dino

[12:48] {dino} it's a strange profession we have undertaken

[12:48] {wishbone} good friends will help you move

[12:48] {dino} lol

[12:48] {wishbone} the best of friends will help you move the body

[12:48] {Threei}  lol

[12:49] {hawkfan4} :) 

[12:49] {nemo} ekzaktly

[12:49] {nemo} really, really good friends bring the acid

[12:49] {wishbone} gettin' kinda dark in here

[12:49] {Threei}  misspelling a bit nemo... eqzaktly is more elegant way to spell it

[12:49] {wishbone} :)

[12:49] {nemo} scuse me

[12:50] {wishbone} lol

[12:52] {dino} grrrrrr

[12:55] {Peterg} Well, team, I have been putting off facing that this is my last day for now as an RT trading room member. I am going to give a tearful speech shortly explaining how much I have learned and how I will miss you all and so forth. In fact, if you don't want to read the speech, this will suffice..

[12:55] {Peterg} I will be thanking the boss for his counself, and perhaps throwing a few affectionate barbs here and there.

[12:56] {Peterg} But being in this group has been a great experience. Thanks all.

[12:57] {Peterg} Talk about me frequently; I will be reading the transcripts.

[12:57] {magoo} gonna miss ya bro:)

[12:57] {Threei}  we will peter

[12:57] {ese} out for the day all take care....

[12:57] {Threei}  good luck to you, and you know where to find us

[12:57] {wishbone} cya ese

[12:57] {ese} definately

[12:57] {Threei}  take care ese

[12:57] {Peterg} Thanks all, hope to return !

[12:57] {wishbone} take care pter

[12:57] {magoo} as long as vad doesn't keep switching the room lol

[12:57] {Peterg} Make money & have fun. Lrned a lot

[12:58] {cujo} bye Peterg.  Best of luck

[12:58] {dino} best of luck to you peter

[12:58] {Peterg} Snifff. gotta go & do the day job. Tks again

[13:00] {Threei}  AN NAHB HOUSING MARKET INDEX: 8 V 9E

[13:06] {Threei}  matket picks up some strength

[13:06] {larisa} for real this time ? :)

[13:06] {Threei}  good question

[13:07] {dino} epiq

[13:08] {cujo} euphoria on stt Vad?

[13:08] {Threei}  it just goes up and down with market

[13:10] {Threei}  should pullback now... around .50 looks to become a bounce scalp

[13:12] {wishbone} vad got disconnecte which symb

[13:12] {Threei}  answering about STT wish

[13:12] {wishbone} symbol?

[13:13] {wishbone} ty

[13:13] {elepet} u[];ianyone in drys?

[13:15] {_gman} I am on the trial

[13:15] {Threei}  hi gman, welcome

[13:15] {_gman} free trial sorry

[13:15] {_gman} hi

[13:15] {cujo} hello gman

[13:16] {Threei}  ok, STT is almost there

[13:16] {Threei}  .50 is closest support,

[13:16] {Threei}  watch market for reversal uward top grab it

[13:17] {dptl} why .50 Vad?

[13:17] {Threei}  meets rising lower BB there

[13:18] {dptl} ok ty

[13:18] {Threei}  needs market in any case, it mirrors market last few hours

[13:20] {dino} apol

[13:21] {Threei}  in

[13:21] {KSystems} in

[13:21] {Threei}  .27

[13:22] {KSystems} .31 here, do you have a

[13:22] {Threei}  stop under .20

[13:22] {KSystems} 20 ok

[13:23] {cujo} in .29

[13:25] {Threei}  half out .39

[13:25] {cujo} out .36

[13:25] {cujo} small lots, no half :(

[13:25] {cujo} thanks vad

[13:25] {Threei}  welcome... training wheels?

[13:25] {cujo} yeah 100 still

[13:26] {cujo} till i can get emtions under more control

[13:26] {Threei}  out balance

[13:26] {cujo} then will move up from there. 

[13:27] {Threei}  bounce off 16 is next

[13:28] {Threei}  no market help for now

[13:29] {Threei}  in

[13:29] {Threei}  .04

[13:29] {Threei}  stop under 16, ridiculously tight

[13:31] {Threei}  am I too greedy?

[13:32] {cujo} never

[13:32] {Threei}  half out .20

[13:33] {Threei}  offering balance .35

[13:33] {Threei}  stop to .19

[13:33] {magoo} nice trade

[13:34] {Threei}  ty'

[13:34] {cujo} great call.

[13:34] {KSystems} absolutely

[13:34] {cujo} wish first bounce as large as second bounce ;)

[13:34] {cujo} but can't win 'em all...

[13:34] {Threei}  out balance

[13:35] {Threei}  shakeout...

[13:35] {Threei}  wow DRYS

[13:35] {Threei}  missed break

[13:35] {Threei}  you in elepet?

[13:36] {Threei}  ummm... can I have my STT back?

[13:36] {elepet} yes

[13:36] {Threei}  mulligan?

[13:36] {magoo} man..look at q chart

[13:37] {elepet} from  13.42

[13:37] {Threei}  time to partial elepet... at least

[13:37] {cujo} rockin

[13:37] {Threei}  don't chase aything here, pullback is coming

[13:37] {cujo} short the pullback on the qqqq?

[13:37] {Threei}  nah

[13:38] {cujo} sitin tight

[13:38] {Threei}  long on pullbacks is the way to go today

[13:39] {Threei}  UPDATE: PRESIDENT OBAMA SETS HIRING FREEZE ON TOP CABINET MEMBERS, CALLS FOR ADDED TRANSPARENCY WITHIN GOVT

[13:40] {Threei}  if market spike sharply here, DRYS 14 break and STT .50 break

[13:41] {Threei}  STT stop under .40

[13:41] {Threei}  DRYSunder .90

[13:41] {elepet} couldn't do it. (sell any drys) it felt like it was going up.

[13:42] {Threei}  volatile thing

[13:42] {Threei}  in volatile market

[13:43] {Threei}  keep stops tight and watch for re-entry if pullbacks are deep

[13:46] {Threei}  dizzy yet?

[13:46] {cujo} y

[13:46] {magoo} yea

[13:46] {cujo} thing moves

[13:46] {Threei}  these quick up and down are seasickness-inducing

[13:47] {nemo} drink more

[13:48] {Threei}  STT 1:1

[13:49] {Threei}  1:2

[13:49] {Threei}  me out

[13:49] {magoo} out .69 TY

[13:49] {Threei}  your turn DRYS

[13:50] {Threei}  {DRYS} yes sir

[13:50] {magoo} magoos kickin it

[13:51] {magoo} drys kickin back

[13:51] {Threei}  last pullback on DRYSS bottomed out at .95

[13:51] {Threei}  if you want to control risk really tight, trail to under it

[13:53] {Threei}  if this day doesn't turn bright all of a sudden...

06[13:54] * Threei squints in magoo's direction

[13:54] {nemo} was waiting for that

[13:54] {Threei}  Very Big Grin

[13:54] {nemo} mags is turning all red

[13:54] {Threei}  lesson of the day:

[13:55] {magoo} ive found that when i complain in room..i usually am wrong which inevitably helps our cause:)

[13:55] {Threei}  leave useless emotions at the door,

[13:55] {Threei}  take valid setups,

[13:55] {Threei}  plug along as market goes,

[13:55] {Threei}  no matter how this or that trade or day or even week turns out,

[13:56] {Threei}  you will win in a long run as long as you adeploy valid system and execute it flawlessly, relentlessly and with no second-guessing

[13:56] {nemo} past is prologue, future may or may not come...all is now

[13:56] {Threei}  eqzaktly

[13:57] {Threei}  two secondary lessons:

[13:57] {Threei}  don't spell right

[13:57] {Threei}  and when you absolutely don't know what to do, do this:

06[13:57] * Threei slaps magoo around a bit with a large roll of cash

[13:58] {Threei}  bad spelling has two additional advantages

[13:58] {Threei}  it irritates the hell out of Raven

[13:58] {Threei}  and it will irritate the hell out of peter when he reads our logs

[13:58] {nemo} among others :)

[13:59] {Threei}  and heavens know I love irritating people...

[14:00] {Threei}  DRYS 1:1

[14:00] {Threei}  isn't it irritating

[14:00] {nemo} makin' money no...not understaning eqzaktly why it's working...yes

[14:01] {Threei}  oh, and if you think I am exaggerating - just ask patience... she knows herds of people I irritate to no end {G}

[14:01] {larisa} you can stop now :)

[14:01] {Threei}  come on nemo... there is not much to understand really

[14:01] {Threei}  I can't larisa, sorry...

[14:01] {Threei}  I have my quota of people to irritate per day

[14:01] {Threei}  and I haven't fulfilled it yet

[14:02] {Threei}  btw, I hate to admit that but magoo was right on DRYS

[14:02] {dino}  dino places 3i on ignore

[14:02] {nemo} I ever tell you about my "disgruntled-postal-worker-fantasy list?

[14:02] {cosmo} also... its better to feel irritated than feel nothing at all...

[14:03] {Raven} {}

[14:03] {larisa} i dunno cosmo, can i disagree? :)

[14:03] {magoo} 12:36] {magoo} vad..i got weird feeling DRYS going over day high

[14:04] {cosmo} born to suffer here...

[14:04] {Threei}  that'ss what I meant mags

[14:04] {Threei}  larisa... you can disagree but xosmo will be very irritated

[14:04] {larisa} lol

[14:05] {Threei}  dino... this is one single time I admitted he was right... and you place me on ignore? next time will be in 2010, I promise

[14:05] {cosmo} xosmo is no friend of mine

[14:05] {KSystems} vad , are you still in DRYS?

[14:05] {Raven} lol

[14:05] {Threei}  no

[14:05] {Threei}  took 1:1

[14:05] {elepet} went over and pulled back. will it do it again? Drys HOD?

[14:05] {Threei}  maybe will regret

[14:06] {Threei}  but I move into scalping mode for the next hour at least

[14:06] {magoo} no regrets..been total scalp or lose day

[14:10] {dino} cedc

[14:10] {Threei}  I have this nagging feeling that one more bigger trade must be in cards today

[14:11] {Threei}  don't want to push it, and don't want to miss it... lol

[14:11] {magoo} could it be RIMM?

[14:11] {larisa} you can annoy us with this one :)

[14:11] {Threei}  lol

[14:12] {cosmo} on the edge of my seat here

[14:13] {magoo} could it be DRYS to 15??

[14:13] {elepet} and thar she blows( drys)

[14:13] {Threei}  if market explodes, it can

[14:13] {Threei}  DRYS potential really hard to overestimate

[14:14] {cosmo} i'm in it simply for the stimulus

[14:14] {Threei}  this thing knows how to move

[14:14] {Threei}  lol cos

[14:14] {magoo} like pulp baby

[14:14] {Threei}  watch it busting through .20 like it's nothing

[14:19] {dino} cedc tempting

[14:19] {magoo} news CEDC vas

[14:19] {Threei}  HEARING DOWNGRADED TO MARKET PERFORM FROM MARKET OUTPERFORM AT AVONDALE (TIMING UNCERTAIN)

[14:20] {dino} ty

[14:20] {magoo} sheesh..kiss of death

[14:20] {Threei}  that's it??

[14:20] {Threei}  such drop on one downgrade by no-name?

[14:20] {dino} he had a name

[14:21] {magoo} well hes still idiot

[14:23] {Threei}  small shares in

[14:24] {Threei}  stop under 13.90

[14:24] {elepet} drys in retreat?

[14:24] {Threei}  market is

[14:24] {Threei}  so is DRYS

[14:26] {dino} out celg .62, +.60

[14:27] {Threei}  out CEDC for now

[14:27] {Threei}  there is something else behind this dump

[14:28] {Threei}  maybe traders overloaded on CEDC product

[14:30] {Threei}  market is ready for a 'ally

[14:31] {Threei}  US HOUSE FINANCIAL SERVICES COMMITTEE HOLDING TALKS WITH AGRICULTURE COMMITTEE OVER COMMODITES OVERSIGHT

[14:32] {Threei}  {DRYS} what's .20?

[14:32] {magoo} i just reloaded DRYS .15

[14:33] {magoo} just do not rinse me

[14:34] {Threei}  where is your stop?

[14:34] {magoo} .06

[14:34] {magoo} feels 15  

[14:34] {magoo} but nasty

[14:35] {magoo} RIMM hangs around

[14:37] {Threei}  'ally

[14:37] {magoo} thats twice u said'ally he he

[14:37] {Threei}  offer part above .30

[14:37] {Threei}  what can I do... Larisa forbids me to say rally

[14:38] {magoo} ah..remember those days

[14:38] {nemo} you just said it

[14:39] {magoo} no i didn't

[14:40] {nemo} Vad did

[14:40] {magoo} waiting .29 ug

[14:43] {Threei}  LIBYA'S KHADAFI: MAY NOT OBEY OPEC QUOTAS DUE TO LOW OIL PRICES

[14:43] {Threei}  woohooo

[14:43] {Threei}  way to go guys

[14:44] {nemo} knew that was coming...

[14:44] {Threei}  (IQ) IRAQ SOUTH OIL COMPANY TO INCREASE OUTPUT BY APPROX 400K BPD BY END OF 2010

[14:44] {Threei}  - Plans to drill up to 400 well over three year span

[14:44] {dino} out axys .21, +.46

[14:44] {nemo} That's why we invaded...

[14:45] {dino} pump 'em dry

[14:45] {nemo} Crank up the 4-wheel Drive!!!

[14:46] {dino} suv suv suv

[14:49] {nemo} somebody whack laserdave, I can't

[14:49] {Threei}  with what nemo?

06[14:49] * magoo slaps laserdave around a bit with a large trout

[14:49] {nemo} thanks mags

[14:50] {Threei}  see, I wanted to customize the smack on your behalf

[14:50] {Threei}  cater to your specifications

[14:51] {magoo} i went with traditional vad'

[14:51] {Threei}  that works too

[14:54] {Threei}  next leg is coming

[14:54] {Threei}  a bit torturously but...

[15:04] {nemo} smelling a retracement

[15:05] {magoo} its the power hower

[15:05] {Threei}  .30 be taken

[15:06] {Threei}  'ally be continuing

[15:07] {magoo} IDCC vad?

[15:07] {Threei}  can't tell

06[15:08] * magoo slaps &Threei around a bit with a large ability to answer magoos questions more satisfactoriy

[15:08] {Threei}  lol

[15:08] {Threei}  see DRYS?

[15:08] {Threei}  what I can tell I do

[15:08] {magoo} in 

[15:09] {elepet} my word. going for 15?

[15:10] {magoo} excuse me...it was MY word he he

[15:10] {Threei}  you guys... stop guessing and start managing trades

[15:10] {elepet} even palm is finally moving.

[15:10] {magoo} HUH?

[15:10] {Threei}  didn't I ask you to partial out above .30?

[15:10] {Threei}  practically begged

[15:11] {magoo} how would i know? i have u on ignore

[15:11] {Threei}  oh

[15:11] {Threei}  got it

[15:11] {hawkfan4} lol

[15:11] {nemo} no good deed goes unpunished Vad

[15:11] {Threei}  never

[15:11] {Threei}  but I am fine with it

[15:12] {Threei}  being ignored is my natural state

[15:12] {Threei}  and natural outcome of being irritating {G}

[15:13] {magoo} ok out .34

[15:14] {nemo} whoa mags, floor just dropped...good deal

[15:16] {dino} did you say something

[15:19] {Threei}  DOE: OBAMA'S DECREE TO HALT BUSH PLANS MAY AFFECT OFFSHORE DRILLING AND OIL SHALE DEVELOPMENT PROGRAMS

[15:19] {Threei}  - Note: on 1/16 it was reported that the US Administration was preparing to push proposals to allow offshore oil drilling in certain sites previously restricted

[15:20] {nemo} FAS up 23% sheesh

[15:21] {Threei}  BAC

[15:21] {Threei}  UPDATE: LATE DAY STRENGTH ATTRIBUTED TO CEO KEN LEWIS DICLOSES PURCHASE OF ABOUT 200K SHARES

[15:21] {Threei}  lol

[15:22] {dino} good, when they wipe out the common he will get hit

[15:22] {Threei}  if he bought at 7, its 1.4M

[15:22] {nemo} Oil Rises as Equities Rally on Bank-Rescue Plan Speculation 

[15:22] {Threei}  what % of his bonus is that?

[15:22] {nemo} .0032%

[15:23] {Threei}  there you go

[15:23] {Threei}  and happy ytradfers buy BAC?

[15:23] {Threei}  nice pullback DRYS

[15:23] {Threei}  should be scalpable

[15:24] {magoo} u got the ball vad..make the call

[15:24] {Threei}  now mags...

[15:24] {Threei}  where is my "thank you" for making you sell above .30?

[15:24] {nemo} Come to think of it, the news that could really rocket the market is a "national bank"  Grab an ultra financial long and hold on

[15:24] {magoo} thank u...humbly spoken:)

[15:24] {Threei}  you are welcome kind sir

[15:24] {magoo} u were right allday...i was wrong to despair

[15:25] {Threei}  no call on price DRYS... watch market for bounce

[15:25] {nemo} Hey mags, it's either a light at the end of the tunnel, or an oncoming train-either way, it's over soon.

[15:25] {magoo} that does itttttttt

[15:26] {nemo} I'm ducking!

06[15:26] * magoo slaps nemo around a bit with a large a um, er,um i dont know what to add

[15:26] {nemo} book by H.L. Mencken

[15:26] {magoo} hard pull drys

[15:29] {larisa} DRYS is irritating

[15:30] {magoo} GS was the tell

[15:30] {magoo} animal

[15:32] {KSystems} 14 break?

[15:32] {Threei}  only if market spikes sharply

[15:33] {nemo} things seem to be quieting down a bit

[15:33] {patience} oil number tomorrow vad?

[15:33] {Threei}  yes

[15:33] {patience} ty  :)

[15:34] {Threei}  they moved to Thu because of holiday on Monday

[15:35] {nemo} Oh excrement! look at this:

[15:35] {nemo} With the market down about 9% year-to-date, everyone is looking at making money shorting the market. It's not easy: the downside potential is unlimited. Stocks sold short can be called away by the brokerage firm while a position is at a loss, thus, realizing the loss.

[15:35] {nemo} In particular, people are piling into short ETFs. However, qualified-account holders such as IRA investors who are buying short ETFs can run into the headache of unrelated business taxable income (UBTI).

[15:35] {nemo} Shorting stocks can only be done in taxable accounts and not qualified accounts like IRAs. However, IRA investors can buy ETFs like the ProShares UltraShort Financials (SKF - commentary - Cramer's Take), the Rydex Inverse Russell 2x Leverage (RRZ - commentary - Cramer's Take) or the Federated Prudent Bear Fund A (BEARX - commentary - Cramer's Take).

[15:35] {nemo} However, activities inside of these funds can cause the shareholder to file taxes even if they are bought inside an IRA. This occurs when a tax-exempt entity participates in business that is not deemed tax exempt by the Internal Revenue Service as part of the Employee Retirement Income Security Act of 1974 (ERISA).

[15:35] {nemo} According to the IRS, "Securities purchased on margin are considered debt-financed property if the liability incurred in purchasing them remains outstanding." Much of the law is directed towards investors using self-directed IRAs for purchasing property, but this can also be an issue for master-limited partnerships.

[15:35] {nemo} Many funds do not merely short stocks, but lever up to amplify returns. However, leverage is not allowed inside an IRA, and if it occurs, the IRA owner must file a tax return. In the money management business, if this happens to your uninformed client, you'll end up with egg on your face when the client's CPA calls you with questions.

[15:35] {nemo} According to the website 990.com, Form 990-T, "Exempt Organization Business Income Tax Return," must be filed if over $1,000 in income of this type is earned. A CPA's advice is needed for such an obscure subject.

[15:35] {nemo} Make sure you know what you are doing if you try to buy a short EFT. It is not the same as buying 1,000 shares of Coca-Cola (KO - commentary - Cramer's Take) and holding for 40 years. These investments must be watched like a hawk -- many ETFs are full of swaps made with shaky investment banks. These esoteric securities are trickier than you think. 

[15:35] {Threei}  STT

[15:36] {Threei}  ugh... late

[15:36] {Threei}  was a scalp off 17.10

[15:38] {Threei}  grrr

[15:38] {Threei}  hat was beautiful setup... I was unforgivably slow on alert

[15:39] {cujo} no worries

[15:39] {Threei}  double bottom, small risk, and STT gave delay for entry vsmarket spike

[15:40] {nemo} mags, did you get back into DRYS?

[15:40] {Threei}  MOODY'S PUTS STATE OF CALIFORNIA ON WATCH NEGATIVE

[15:41] {Threei}  careful cosmo

[15:41] {magoo} no

[15:41] {Threei}  I must say, that was highly unusual day

[15:41] {Threei}  encouraging too

[15:43] {nemo} that's because you didn't say 'ally

[15:44] {Threei}  anyway... glad we could fix it after lukewarm morning

[15:44] {nemo} I'm just glad mags is feeling better

[15:44] {Threei}  is he?

[15:45] {Threei}  I gotta fix that too...

[15:45] {nemo} well, richer

06[15:45] * Threei slaps magoo around a bit with a large chart of uptrending market

[15:45] {dino} crazy days. -350 yesterday +250 today

[15:46] {Threei}  Sept-Oct swings are back

[15:46] {dino} reading my mind

[15:50] {nemo} Well see ya' tomorrow.  I'm off like a herd of turtles

[15:50] {KSystems} cya nemo

[15:50] {Threei}  take care nemo

[15:50] {wishbone} bye nemo

[15:50] {dino} cya nemo

[15:52] {Threei}  oh boy

[15:52] {Threei}  STT

[15:52] {Threei}  SHARES CUT TO HOLD FROM BUY AT ARGUS, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:52] {Threei}  I swear financial world is run by idiots

[15:52] {hawkfan4} no kidding

[15:52] {dino} real value added

[15:53] {Threei}  this is beyond funny

[15:53] {dino} let's downgrade it 70 points off summer highs

[15:53] {cujo} it is run by idiots... confirmed

[15:53] {cosmo} seller's remorse?

[15:53] {Threei}  lol cos

[15:53] {cosmo} :)

[15:54] {dino} trust no one in this business

[15:54] {Threei}  watch STT for bounce from under .40 if you are inclined to try one last scalp

[15:54] {cujo} :)

[15:54] {Threei}  but don't lose track of time

[15:54] {Threei}  6 min lweft

[15:55] {Threei}  there you go

[15:55] {Threei}  touched under 40 and jumped like crazy antelope

[15:55] {Threei}  if you were faster than your own blinking, you could catch it {G}

[15:55] {cujo} thanks Vad

[15:55] {cujo} out +20

[15:55] {Threei}  you got it cujo?

[15:56] {Threei}  jeez

[15:56] {larisa} lol

[15:56] {Threei}  King knew what he wrote about...

[15:56] {cujo} was hairy

[15:56] {magoo} NICE dsog

[15:56] {cujo} thanks

[15:56] {dptl} gn all

[15:56] {dino} gj

[15:56] {dino} cya dp

[15:57] {cujo} goodnight all.  Thanks for that last one Vad. 

[15:57] {magoo} ok vad..u taking 1k aapl here?

[15:57] {dino} l8r cujo

[15:57] {KSystems} wtf

[15:57] {Threei}  lol

[15:57] {dino} lol fs

[15:58] {Threei}  take care dp, cujo

[15:58] {dino} ks

[15:58] {cujo} later dino

[15:58] {fernp} good evening all

[15:58] {Threei}  larisa

[15:59] {Threei}  2 min left

[15:59] {Threei}  can I say rally?

[15:59] {Threei}  no chance to break anyhting anymore

[15:59] {Threei}  fern :)

[15:59] {dino} later fern

[15:59] {dino} i guess all is well in world again

[16:00] {larisa} lets not risk it, may be we will have continuation tomorrow if you do not :)

[16:00] {Threei}  sigh

[16:00] {dino} ditto

[16:00] {elepet} -i finally partialled drys at .37

[16:00] {Threei}  wtg elepet

[16:00] {Threei}  don't know how you can hold them for so long

[16:00] {Threei}  but paid off well

[16:01] {KSystems} !daV "rally" yas yam uoY

[16:01] {Threei}  oh boy

[16:01] {elepet} it was a struggle.. don't forget, i've been a long term investor. years.

[16:01] {Threei}  scary thought

[16:01] {Threei}  Ok guys, thank you all

[16:01] {larisa} see you guys tomorrow :)

[16:01] {Threei}  have a good evening, see you all tomorrow

[16:02] {KSystems} good night!

[16:02] {hawkfan4} nite all

[16:02] {patience} thanks vad and all, a modestly successful day but good nonetheless   :)

[16:03] {magoo} u not waiting for aapl fireworx vad?

[16:05] {Threei}  what time?

[16:06] {magoo} might be 430

[16:06] {Threei}  well

[16:06] {Threei}  if I don't fall asleep

[16:07] {dino} yes, thx all didn't do as much as i should have (3 for 3) but didn't feel the rally lsting

Jan 20 2009

 Every time we have a great winning day while market suffers like this I feel a bit ashamed... but, here goes: 9 calls, 8 of them are wins, one stop of negligible 11-12 cents... Doesn't get much better than this.  

Session Time: Tue Jan 20 00:00:00 2009

[07:26] {nemo} morgen...

[07:34] {nemo} mornin' patience

[07:58] {cujo} good morning.

[07:58] {Threei}  Good morning RT

[08:04] {cosmo} 3i:)

[08:04] {Threei}  cosmo :)

[08:04] {cosmo} what's the url for the mIRC video (old)

[08:05] {cosmo} ?

[08:05] {Threei}  looking

[08:08] {Threei}  http://www.screencast.com/t/Wj9rVYsgPP3

[08:09] {cosmo} thx:)

[08:09] {hawkfan4} morning all

[08:09] {Threei}  hawk :)

[08:10] {Threei}  RBS... sheesh

[08:11] {hawkfan4} wow, that's nasty

[08:21] {magoo} morning...i thinkj im in the mIRC room today

[08:22] {magoo} hello?

[08:22] {cujo} hey magoo

[08:22] {cujo} you are here. 

[08:23] {magoo} thanx cujo:)

[08:23] {magoo} been a struggle :)

[08:24] {Threei}  magoo :)

[08:24] {Threei}  welcome aboard cujo

[08:24] {magoo} vad:)

[08:24] {cujo} Thanks.

06[08:29] * KSystems writes onto the board "THIS is the right channel. THIS is the right channel"

[08:29] {KSystems} hello cujo

[08:31] {wishbone} good morning

[08:31] {Threei}  wish :)

[08:31] {cujo} hey KS

[08:32] {cujo} how are ya

[08:38] {Peterg} Morning all; this is early

[08:38] {Threei}  peter :)

[08:40] {magoo} stt

[08:40] {magoo} news

[08:40] {Threei}  07:11am [STT] Reports Q4 $1.18 v $1.14e, R $2.67B v $2.46Be

[08:41] {Threei}  01/19/09 06:23pm [STT] WSJ reports that the bank is facing potential losses in key areas

[08:41] {magoo} but it beat?

[08:42] {Threei}  STT had $5.5B in unrealized losses as of December 31, 2008

[08:42] {Threei}  - As of December 31, 2008, there were $5.5B of after-tax net unrealized losses associated with our portfolio of investment securities available for sale and held to maturity

[08:42] {Threei}  - In Q4 08, we recognized a $78M charge to earnings as a result of other-than-temporary impairment determinations

[08:42] {Threei}  - At December 31, 2008, the net asset value based upon market value of our unregistered cash collateral pools ranged from 90.8c to $1.00, with the average weighted net asset value on such date being 95.5c.

[08:42] {Threei}  - A substantial portion of the decline in the market value of these assets occurred in Q4 08.

[08:46] {magoo} so vad, in your opiniion is this over sold down or more pain all day?

[08:47] {Threei}  my working assumption is, selling pressure at first, then strong snapback

[08:47] {Threei}  but you know...

[08:47] {Threei}  we will see

[08:48] {magoo} right

[08:50] {Threei}  btw,

[08:51] {Threei}  while we were mesmerized by PALM action on Fri,

[08:51] {nemo} faz

[08:51] {nemo} oops

[08:51] {Threei}  have you noticed DRYS didn't participate in recovery at all, and finished at the low?

[08:53] {nemo} drys

[08:53] {nemo} oops

[08:55] {Threei}  for Canadians who enjoy nice exchange rate when book their profits:

[08:55] {Threei}  KEY TECHNICAL LEVELS AHEAD OF BANK OF CANADA INTEREST RATE DECISION

[08:55] {Threei}  - Resistance3 seen at 1.3030 Early dec 2008 stal zone

[08:55] {Threei}  - Resistance2 seen at 1.2920 is 100-month mvg avg

[08:55] {Threei}  - Resistance1 seen at 11.2730 is former 2004 and 2005 pivot

[08:55] {Threei}  ***Current Level 1.2640

[08:55] {Threei}  - Support1 seen at 1.2560 - Former Q4 reflection point

[08:55] {Threei}  - Support2 seen at 1.2370 - Late Dec, early jan pivot zone

[08:55] {Threei}  USD/CAD

[08:58] {Threei}  wow, I just noticed... magoo, you made it via MIRC??

[08:59] {Threei}  that's a serious technical achievemnt on your part

[09:00] {Threei}  (CA) BANK OF CANADA CUTS BY 50BPS TO 1.00%, AS EXPECTED

[09:00] {dptl} gm all

[09:00] {Threei}  dp :)

[09:01] {Onix} Good morning all

[09:02] {Threei}  onix :)

[09:03] {Threei}  closest natural support for PALM is 7 - 7.20 area

[09:04] {Threei}  big offer at 7.50... if consolidates close to it and chews through it, will be a long trigger

[09:07] {magoo} [08:59] {Threei}  wow, I just noticed... magoo, you made it via MIRC??

[09:07] {magoo} [08:59] {Threei}  that's a serio

[09:07] {dino} gm

[09:07] {Threei}  dino :)

[09:08] {magoo} thank u...thank u....

[09:08] {dino} dino hooked him up

[09:08] {dino} he's buying

[09:08] {fernp} Hello everybody

[09:08] {Threei}  one thing to keep an eye on is UAUA... seems to restore its connection with the market

[09:09] {Threei}  fern :)

[09:09] {magoo} pundits said 72% of time mkts end down on inaug day

[09:09] {magoo} where the hell was the obama inaug rally?

[09:10] {Threei}  well... it seemed to be in cards until RBS came and ruined everything

[09:10] {cosmo} ...he needs to 'earn it'

[09:12] {dino} why do we get one, really nothing has changed, things are terrible financially

[09:13] {Threei}  it's all about perception as always...

[09:13] {magoo} mkts just react to psychology...not looking for bull...but jeez...shorts cant win all the time 

[09:13] {Threei}  and perception is, everything's gonna be fixed in the next few hours

[09:14] {Threei}  hangover takes full 24 hours to pass sometimes, ya know... {G}

[09:16] {magoo} oh..i know

[09:16] {Threei}  lol

[09:16] {nemo} I've had 3 day hangovers

[09:17] {Threei}  that's an achievement in and off itself

[09:17] {nemo} dubious at best

[09:17] {dino} ouch nemo

[09:18] {nemo} wayward youth

[09:18] {Threei}  so far PALM manages to hold 7.30 - 7.35

[09:21] {ese} morning......

[09:21] {Threei}  ese :)

[09:21] {i2romantis} morning everyone

[09:21] {Threei}  i2r :)

[09:22] {Threei}  repeating for canucks"

[09:22] {Threei}  [09:00] {Threei} (CA) BANK OF CANADA CUTS BY 50BPS TO 1.00%, AS EXPECTED

[09:24] {patience} gm RT, and Ese... AGU gave me +.72 yesterday...slow and steady

[09:25] {Threei}  patience :)

[09:25] {Onix} hi patience

[09:25] {patience} gm guys  :)

[09:25] {patience} scalping gold plays this morning

[09:25] {elepet} good morning

[09:25] {Threei}  elepet :)

[09:26] {Onix} hi elepet

[09:26] {KSystems} morning :)

[09:27] {magoo} i never had 3 day hangover because if it wasnt getting better by noon...i resume the bottle

[09:27] {KSystems} Good morning camelot!

[09:27] {Threei}  i2r, look dcc please

[09:27] {nemo} hair of the dog never worked for me

[09:28] {Threei}  let's stay inactive at the very open

[09:28] {magoo} STT looking at becoming teenager again

[09:28] {Threei}  want to let things settle down and start showing something more or less indicative

[09:31] {Threei} Long Setup:  PALM  7.50 break

[09:31] {Threei}  stop under .30

[09:32] {magoo} in

[09:33] {magoo} took .47 aggress

[09:33] {Threei}  sharp spike into 1:1 area

[09:34] {Threei}  let' book half, or take scalp

[09:34] {Threei}  half out for me

[09:34] {dptl} out +.20 ty

[09:34] {Threei}  welcome sir

[09:34] {hawkfan4} out +.24, thx

[09:35] {cujo} out +.28

[09:35] {cujo} thanks 

[09:35] {magoo} out .82 TY

[09:36] {Threei}  welcome guys

[09:36] {Threei}  1/4 more out

[09:37] {Threei}  am I too optimistic?

[09:37] {Threei}  nope :)

[09:37] {Threei}  out in full

[09:37] {Threei}  8.10

[09:37] {magoo} nice

[09:37] {Threei}  +.58

[09:37] {Threei}  can I go home?

[09:37] {magoo} what do u thin?

[09:37] {i2romantis} very nicely done!

[09:38] {dino} gj

[09:39] {Threei}  STT

[09:39] {Threei}  EXEC: AFTER HOLDING CONFIDENTIAL DISCUSSIONS, HAVE DECIDED NOT TO RAISE ADDITIONAL EQUITY CAPITAL - CONF CALL

[09:39] {Threei}  - Note that in its earnings release, STT noted it is "determined not to raise equity during current market conditions."

[09:40] {ese} Ntrs dino.....

[09:40] {Threei}  watching DRYS for 13 break and sharp dump

[09:40] {dino} watching pcln, axys, itri

[09:41] {dino} wynn

[09:41] {ese} l 45

[09:41] {ese} small

[09:41] {ese} out 

[09:41] {patience} tsx down quickly  -135

[09:41] {ese} 46.10

[09:41] {ese} whoaaaaq

[09:42] {ese} + $1.10 on 300 shs

[09:42] {Threei}  wtg ese

[09:42] {patience} very nice ese

[09:42] {ese} man that was fast

[09:42] {cujo} nice ese

[09:42] {ese} had no time to type

[09:43] {ese} tks

[09:45] {Threei}  MYGN 52 week highs

[09:45] {magoo} RIMM strong vs mkts vad

[09:45] {Threei}  UPDATE: GOLDMAN SACHS RAISED PALM TO NEUTRAL FROM SELL

[09:45] {Threei}  - pre-open

[09:46] {Threei}  RIMM pulled back nicely into support

[09:46] {Threei}  bounce candidate with market

[09:46] {ese} Ntrs   still running

[09:46] {Threei}  52 recross, half lot

[09:47] {Threei}  if stays above .85

[09:47] {KSystems} in

[09:48] {Threei}  1:1 in a hurry

[09:48] {Threei}  half out

[09:48] {Threei}  .24

[09:48] {cujo} out +20

[09:48] {cujo} thanks again

[09:48] {Threei}  scalpers take profit and be happy

[09:49] {tomg} thanks vad

[09:49] {Threei}  welcome

[09:49] {Threei}  .95 stop for the balance

[09:50] {Threei} Long Setup:  DRYS  13.10 half lot if stays above 13

[09:51] {KSystems} in

[09:52] {Threei}  out balance RIMM

[09:52] {Threei}  market weakened

[09:52] {Threei}  wow

[09:54] {Threei}  nice resilience DRYS

[09:54] {Threei}  just don't shake us out

[09:54] {magoo} DRYS triggered?

[09:55] {Threei}  yes

[09:55] {Threei}  come on market, little help

[09:55] {magoo} in .09 then

[09:55] {dino} stt "does not need to raise money" heard that before

[09:55] {Threei}  uhhu

[09:55] {Threei}  they all don't

[09:55] {Threei}  until they do

[09:56] {Threei}  ok DRYS, it's time

[09:56] {Threei}  move your butt, will ya

[09:59] {Threei}  1:1

[09:59] {Threei}  half out .23

[09:59] {Threei}  scalpers know what to do

[10:00] {dino} lod

[10:00] {magoo} i keep forgetting if i am a true scalper

[10:00] {nemo} use a rusty knife mags?

[10:00] {dino} sm l itri .60

[10:01] {dino} sm l pcln .60

[10:01] {Threei}  that's between you and trading gods, magoo... I am not getting involved

[10:02] {magoo} i sacrificed 20 squirrels to the trading gods this weekend

[10:02] {nemo} gotta' be people

[10:02] {Threei}  can use bats

[10:02] {magoo} in rome..they sacrificed bulls

[10:02] {nemo} squirrel's pretty good

[10:03] {nemo} look where that got them

[10:03] {dino} 7995, 1141, 817 thurs. lows

[10:03] {Threei}  bats play significant and often overlooked role in witchcraft

[10:03] {nemo} Shamanism

[10:03] {nemo} Vad-using such hyperbole gives Shamans a bad name

[10:04] {magoo} Q bounce time?

[10:04] {magoo} in .69

[10:06] {dino} lost over here, don't know how to respond

[10:06] {Threei}  OK, enough of a good thing

[10:06] {Threei}  out DRYS in full

[10:06] {magoo} quote server vad?haveing issues

[10:06] {Threei}  .35, +.25

[10:06] {Threei}  7

[10:07] {Threei}  looks fine

[10:07] {magoo} ty

[10:07] {KSystems} RIMM - in .00 - out 1/2 .22 - out rest .88

[10:07] {dino} celg sm l .25

[10:07] {KSystems} DRYS - in .09 - out 1/2 .23 - out rest .35

[10:07] {magoo} out drys .37 TY

[10:08] {Threei}  good job guys

[10:08] {Threei}  but why so low on RIMM KS?

[10:08] {Threei}  we trailed stop after 1:1 was hit

[10:09] {KSystems} to .95?

[10:09] {KSystems} yeah and i wasnt watching when it broke

[10:09] {magoo} it was fast fall rimm

[10:10] {dino} giddy-up

[10:12] {magoo} 1:1 Q

[10:12] {Threei}  PALM non-stop

[10:14] {magoo} drys has that feel vad

[10:14] {Threei}  PALM too

[10:15] {cujo} Vad, is RIMM in range 51.50 to 51.86?

[10:15] {Threei}  RIMM range narrows down

[10:15] {Threei}  see how bands tighten up?

[10:15] {Threei}  will break violently soon

[10:15] {cujo} got ya.  thanks. 

[10:15] {Threei}  now... which way is another matter

[10:16] {cujo} ;)

[10:16] {Threei}  will largely depend on a market,

[10:16] {Threei}  but the point is right now,

[10:16] {Threei}  do not try to pay range on it

[10:16] {Threei}  it's likely to break it

[10:16] {cujo} got it.

[10:18] {cujo} premature to float a buy stop at 52.03 on RIMM?

[10:18] {Threei}  ugh, I would prefer a pullback entry on it

[10:18] {cujo} ok

[10:20] {Threei}  .65 if holding above .50 and if market spikes

[10:20] {Threei}  very small risk

[10:21] {Threei}  there you go, 1:1 in a matter of seconds

[10:21] {Threei}  and above

[10:21] {Threei}  power of aggressive entries

[10:21] {cujo} ugh missed it. Moved a little before i could get in.  

[10:21] {cujo} lesson learned

[10:21] {Threei}  this kind if hard to alert in time, not always possible

[10:21] {cujo} y, but do appreicate. 

[10:22] {Threei}  if I manage to describe the concept andf ilustrate it as close to real time as possible, you will be able to spot it yourself next time

[10:22] {cujo} teach a man to fish...

[10:22] {Threei}  which actually is the purpose anyway

[10:23] {Threei}  teach a man to fish, and he will drink beer on his boat all day

[10:23] {cujo} ha ha ha

[10:23] {Threei}  (magoo's version)

[10:27] {magoo} quotes are REAL bad here

[10:27] {Threei}  hmmm

[10:27] {Threei}  fine here...

[10:27] {Threei}  need any quote?

[10:27] {magoo} nah

[10:28] {magoo} just clunky

[10:28] {dino} celg stop to .89

[10:28] {dino} stopped +.64

[10:29] {Threei} Long Setup:  PLD  near 12

[10:29] {Threei}  stop under 11.90

[10:30] {KSystems} in

[10:30] {cujo} in .05

[10:33] {magoo} in .99

[10:34] {ese} sqnm

[10:34] {ese} L .55

[10:34] {ese} 1/2

[10:35] {ese} stop .40

[10:39] {Threei}  market lost will to live

[10:39] {magoo} again...sigh

[10:39] {dino} out itri .12, +.52

[10:40] {Threei}  wtg

[10:40] {dino} ty

[10:40] {Threei}  no worky PLD

[10:40] {KSystems} stopped pld

[10:40] {cujo} stopped

[10:45] {Threei}  things slowed down considerably

[10:45] {Threei}  we are 3 for 4

[10:45] {Threei}  can relax a bit and wait to see what's next

[10:53] {Threei}  HEARING CSFB SPECULATES STT COULD BE WORTH $40/SHR IN A TAKEOVER SCENARIO

[10:53] {cujo} USO possible bounce VAD?

[10:53] {dino} tighten pcln to .20

[10:53] {Threei}  sure... but USO is a pain central

[10:53] {Threei}  volatility is a killer on it

[10:53] {cujo} y

[10:54] {dino} agreed

[10:55] {dino} stopped pcln .12, +.52 slippsage

[10:55] {ese} out sqnm     .79

[10:56] {magoo} my quotes so bad gonna try a rebopot

[10:56] {dino} re-test lod coming imo

[10:56] {ese} +.24.......really dumb on my part if your waqtching.....

[10:56] {ese} should have been out on the first run up

[10:57] {dino} whippy es, don't beat yourself up

[10:57] {dino} i should've had more on my 3

[10:57] {Onix} gj anyhow ese :D

[10:58] {ese} tks

[10:59] {dino} [10:56] {dino} re-test lod coming imo

[11:00] {cosmo} ANDS 5.50 resistance   fwiw

[11:00] {dino} watching pcln, itri, axys, celg

[11:05] {dino} gut says "up"

[11:06] {dino} axys partial at .50 l

[11:07] {dino} mygn

[11:08] {ese} outta here for the day all........contrats to all of you south of the border....making history today.....take care    

[11:08] {fernp} bye ese

[11:08] {hawkfan4} l8r es

[11:09] {patience} bye ese

[11:10] {dino} like a run dmc market

[11:10] {Threei}  take care ese

[11:11] {nemo} all the traders must be watching inauguration coverage

[11:13] {patience} trading programs still working though nemo...i'm in slw,kinross and goldcorp.  slw creeping up nice and slowly

[11:13] {Threei}  nice C&H on SLW at 6.30

[11:14] {patience} i'm trading it on cdn side and 5 minute chart

[11:15] {Threei}  pullback to 6.20 - .25 is worth a try

[11:20] {cujo} c & h on apple around 80.20?  

[11:20] {Threei}  not really clean formation

[11:21] {nemo} describing my mind or apple?

[11:21] {Threei}  don't overestimate my mind reading powers

[11:22] {nemo} I thought your "third eye" :)

[11:22] {Threei}  it's inward looking one

[11:23] {Threei}  it has 'I don't care" written on the eyelid

[11:23] {dino} lod

[11:23] {Threei}  SLW chose another break instead

[11:25] {Threei}  looking around to see what's holding steady while market hits new low

[11:25] {Threei}  PALM does, so far

[11:26] {dino} markets feel nervous

[11:26] {Threei}  in fact, it starts forming the same pattern as it did on Fri

[11:26] {Threei}  stays nailed to the same price for a while

[11:26] {Threei}  it was 7.20 for a few hoirs, the explosion

[11:26] {Threei}  then

[11:30] {hawkfan4} PALM kinda forming an asc tri if it moves up from here, top of tri is 8.30ish

[11:30] {cujo} RIMM doing something here...

[11:30] {Threei}  on daily you mean

[11:31] {hawkfan4} no, on 5 min

[11:33] {nemo} When's Europe close?

[11:34] {magoo} that palm flatliner does look same vad

[11:35] {Threei}  let's see if we get pullback into .80... if not, 8 break becomes a long trigger with stop under 7.90

[11:35] {Threei}  break is more risky

[11:41] {KSystems} in

[11:41] {Threei}  first strength from here on PALM

[11:41] {Threei}  got .79 - .80

[11:41] {KSystems} .81 here

[11:41] {Threei}  :)

[11:42] {KSystems} stop under .70 ?

[11:42] {Threei}  ether that or .60

[11:42] {Threei}  depending on your target for the trade

[11:43] {Threei}  it hit over 1:1 if .70

[11:52] {Threei}  PALM exhibits strength while market downticks

[11:52] {Threei}  half out .92

[11:52] {Threei}  want to try and milk it

[11:52] {Threei}  you KS?

[11:52] {KSystems} half out as well

[11:53] {Threei}  okay

[11:53] {Threei}  let's see if it has another stunning rally in mind

[11:53] {Threei}  sorry larisa... it's 'ally

[11:53] {dino} itri sm l .60

[11:54] {larisa} :)

[11:55] {Threei}  stop is to .75

[11:55] {Threei}  hate the idea of being shaken out of this trade but gotta do things by the book

[11:56] {Threei}  SLW

[11:56] {nemo} slw-oops

[11:56] {Threei}  .15 closest support

[11:56] {Threei}  first strength is long

[11:57] {Threei}  with stop under .15

[11:59] {cujo} in .25

[11:59] {KSystems} when you say first strength...do you mean MKT strength or SLW?

[11:59] {Threei}  SLW

[11:59] {dino} uh oh, forgot, pcln sm l .25

[12:00] {Threei}  when we are talking about a stock that is clearly market follower, market help is needed by default

[12:00] {Threei}  SLW is not really a market follower though

[12:00] {KSystems} in .slw

[12:03] {dino} obama, late as usual

[12:03] {Threei}  lol

[12:03] {Threei}  good boy PALM

[12:06] {Threei}  is it not a beautiful feeling, to be on the smart side of the trade... to take shares from scared hands and then feed them into hopeful ones

[12:06] {dino} you are a machine

[12:06] {hawkfan4} it is, it truly is

[12:07] {Threei}  above 8, you are at 1:2 with .70 stop and 1:1 for .60 stop

[12:08] {Threei}  come on dino... I like to think of myself as warm, fuzzy, teddy bear...

[12:09] {Threei}  ummm... wait a few minutes for me to finish laughing hysterically, I'll be back in 5

[12:09] {dino} lol

[12:09] {nemo} that likes to watch animals rip each other apart

[12:09] {Threei}  no way

[12:09] {dino} and i'm the kid

[12:09] {Threei}  I like animals

[12:09] {Threei}  people, that's another story

[12:09] {nemo} didn't say you did it...watch it...yeah, me too on the people

[12:12] {Threei}  scalpers who had SLW stop under .20 and treated it as scalp type 1 have 1:1

[12:13] {Threei}  if you took normal size, probably not worth the bother to take profit here

[12:13] {Threei}  and you PALM... enough games, we have 9 to tag

[12:13] {Threei}  {PALM} you are crazy, right?

[12:14] {Threei}  when stock talk back to me, it's a sign of what?

[12:15] {dino} hear it comes, "re-inflate"  echo bubble

[12:15] {KSystems} SLW slowly moving toward day trader's 1:1

[12:18] {Threei}  it hit so close tyo it that trailing srtop to under .20 is justified, IMO

[12:18] {Threei}  ummm... my typing gets worse as day progresses...

[12:19] {Threei}  GM

[12:19] {Threei}  HEAD ON CHEVY NORTH AMERICA: BEGINNING TO SEE CREDIT MAREKTS LOSSEN UP A LITTLE

[12:21] {dino} yeah, because they just got 15b

[12:22] {Threei}  give me 15B and I will see no problem with credit market whatsoever

[12:22] {Onix} ;)

[12:22] {dino} looened for them

[12:22] {dino} loosened

[12:23] {dino} losened

[12:23] {dino} ??

[12:23] {Threei}  see dino? not having 15B makes us struggle with spelling

[12:23] {dino} indeed

[12:24] {KSystems} not that 15B would make our spelling better...just US care less

[12:24] {Threei}  if we did have it... well, not tat our spelling wwould be any better but we wouldn't care

[12:24] {Threei}  lol KS

[12:24] {KSystems} ummm

06[12:24] * KSystems is afraid of what just happened

[12:24] {nemo} palm squeezing...which way?

[12:25] {Threei}  yeah KS... having same train of thought as I do is highly disturbing thing

[12:25] {dino} starting to think ks is 3i

[12:25] {Threei}  europian version

[12:25] {patience} hey dino, good speech...you think we rally this afternoon?

[12:25] {Threei}  younger, more energetic and, sad to admit, better looking

[12:26] {dino} lod

[12:27] {Threei}  and sharp seling

[12:27] {patience} y

[12:27] {cujo} who what is going on...?

[12:27] {dino} dk patience. the way i see it, everybody did, so not

[12:27] {Threei}  who knows cujo

[12:27] {Threei}  just sit it out

[12:27] {Threei}  we have very tight stop on SLW, not much risk there

[12:27] {cujo} got ya :)

[12:28] {Threei}  we have solidly in the money remaining half lot on PALM

[12:28] {Threei}  so let those who want to foght do so to their heart content

[12:28] {Threei}  I am not in trading to make my life tense and nervous

[12:28] {KSystems} stop for remaining PALM portion still .75 ?

[12:28] {Threei}  just the opposite

[12:29] {Threei}  for me, yes

[12:29] {cujo} yeah, rookie nerves here...

[12:30] {Threei}  you are not in anything that can hit you hard

[12:30] {cujo} nope

[12:30] {Threei}  you don't have to rush in the battle when there is a lot of fog over the battlefield

[12:30] {Threei}  enjoy the safety and profit taken earlier,

[12:30] {Threei}  eait for the fog to lift,

[12:31] {Threei}  be relaxed and comfortable

[12:32] {cujo} taking deep breaths

[12:32] {dino} celg

[12:33] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[12:33] {cujo} do you see a decreasing volume reversal in SSO?

[12:34] {Threei}  mags... you sure you are OK? :)

[12:34] {magoo} i have same issue as dino

[12:34] {Threei}  decreasing volume reversal?

[12:34] {Threei}  volume spiked like crazy when it dropped into 21.80

[12:34] {cujo} guess not

[12:34] {magoo} doesnt save what i did o find this room

[12:35] {Threei}  it sure does if you did it right...

[12:35] {Threei}  as KS for help pls

[12:37] {dino} pcln stop to .77

[12:37] {dino} to .85

[12:37] {dino} out slippage .81, +.56

[12:39] {Onix} gj dino

[12:42] {Threei}  second flatlining on PALM today, this time at 8

[12:44] {Threei}  (RU) KREMLIN ECONOMIC AIDE: RUSSIA'S RUBLE CORRECTION IS COMING CLOSE TO THE END

06[12:44] * Threei rushes to convert all his life savings into roubles

[12:48] {dptl} got to go...have a good evening all

[12:50] {Threei}  take care dp

[12:50] {Threei}  SLW 1:1

[12:51] {KSystems} half out .35

[12:51] {Threei}  6 for 7

[12:51] {Threei}  me happy

[12:51] {cujo} nice

06[12:53] * nemo slaps laserdave around a bit with a large trout

[12:53] {nemo} sorry

06[12:53] * Threei slaps laserdave around a bit with a large reminder that martket opened a few hours ago

06[12:54] * magoo slaps laserdave around a bit with a large roll of cash

[12:54] {laserdave} owdy

[12:54] {Threei}  lol... dave can't complain about lack of creativity in the room

[12:54] {Threei}  ti et slapped with so vastly different things within a span of one minute

[12:56] {nemo} I'd have slapped him with Obama's speech, but all I've got is the trout...

[12:56] {KSystems} oh nemo

[12:56] {KSystems} i can help you there

[12:56] {nemo} vielen dank

[12:56] {dino} ty onix

[12:57] {dino} sookie stackhouse

[12:58] {KSystems} ARGH i deleted my own script

[12:58] {nemo} that's a bitch

[12:58] {KSystems} a couple of people have it around here, nemo. someone will probably be able to send it to you

[12:58] {Threei}  we diversified from trout when found out Realityttader gets high raniking among fishing sites, nemo

[12:59] {nemo} would somebody send me the script

[12:59] {magoo} i luv sookie :)

[13:00] {nemo} mmmm...Vad....PALM setting up for another entry???

[13:00] {Threei}  sent nemo

[13:00] {Threei}  I think so

[13:00] {nemo} privyet

[13:00] {Threei}  stays at this new consolidation levekl while market is dropping

[13:02] {dino} in protest, i'm staying w/trout

[13:02] {Threei}  protest against what?

[13:02] {Threei}  give me a woirthy cause and I will join

[13:02] {KSystems} nemo: just replace the file in your mIRC directory with the new one

[13:02] {Threei}  SLW baby

[13:03] {dino} protesting all sorts of change

[13:03] {Threei}  I am right there with you

[13:04] {dino} as i expected

[13:05] {Threei}  KS, you want to try and ride second half of SLW?

[13:05] {KSystems} sure

[13:05] {Threei}  stop to .24 then

[13:05] {KSystems} allright

[13:07] {Threei}  isn't it ironic... 7 trades, 6 wins - and all of them are on the long side on a red day

[13:08] {patience} does that mean we are smart money?

[13:08] {Threei}  whatever... main thing is, we are making it :)

[13:09] {magoo} only smart dino is ..is smartass

[13:09] {nemo} what director that ini file go in vad?

[13:09] {Threei}  mirc

[13:09] {Threei}  adbe

[13:10] {nemo} duh...boy! did I just have a Homer Simpson MOMENT!!!!

06[13:11] * magoo slaps nemo around a bit with a large marge large hairdue

[13:12] {Threei}  SEN GRASSLEY: CERTAIN SENATORS HAVE VOICED CONCERN OVER GEITHNER AND THE TARP PROGRAM

[13:12] {Threei}  and here it starts again

[13:13] {Threei}  didn't take long for the bickering to resume

[13:13] {nemo} Plu Cest Change plu cest le meme chose

[13:13] {elepet} are you still in slw? I am.

[13:13] {Threei}  KS is

[13:14] {Threei}  I am not... I have patience for one sl,ow stock, not for two

[13:14] {patience} i'm still in it

[13:14] {patience} suits my style...i'm washing the floors and can check on it occasionally   lol

[13:14] {patience} sorry, just funny to me

[13:15] {elepet} as for me i am dancing around the living room.

[13:16] {Threei}  OK... I'll be singing then

[13:17] {elepet} i never am quite in sync with you vad, when did you get out of slw?

[13:17] {Threei}  at 1:1, .35

[13:18] {Threei}  [12:50] {Threei} take care dp

[13:18] {Threei}  [12:50] {Threei} SLW 1:1

[13:18] {Threei}  [12:51] {KSystems} half out .35

[13:18] {Threei}  [12:51] {Threei} 6 for 7

[13:18] {Threei}  [12:51] {Threei} me happy

[13:18] {elepet} ok i'll try thst if it gets back up there

[13:19] {Threei}  why not partial even if you intend for a longer hold

[13:19] {Threei}  you know your 1:1s, don't really need my alert

[13:19] {gen} hi everybody

[13:19] {Threei}  gen :)

[13:20] {gen} Vad :)

[13:20] {Threei}  missed beautiful morning

[13:21] {gen} I had to go to my regular job :(

[13:21] {elepet} you forget how new i am. i don't even know what you mean by 1:1

[13:21] {dino} pcln sm l .09

[13:22] {dino} risk:reward

[13:23] {Threei}  you need MPP or scalping course elepet... or both

[13:25] {gen} AMZN ?

[13:25] {Threei}  nothing familiar

[13:25] {Threei}  exceopt symbol :)

[13:33] {dino} pcln stopped -.33

[13:34] {Onix} :/

[13:34] {KSystems} SLW - in .26 - out 1/2 .35 - out rest .24

[13:36] {dino} too tight pcln

06[13:38] * nemo slaps nemo around a bit with a large trout

[13:43] {Threei}  gen look dcc please

[13:45] {Threei}  (RU) RUSSIA 2009 BUDGET DEFICIT APPROXIMATED AT 8.5% OF GDP ASSUMING OIL AT APPROX $40/BBL

[13:45] {Threei}  maybe I won't switch to roubles...

[13:51] {dino} celg sm l .15

[13:54] {patience} out slw -.04

[13:55] {gen} I am leaving now 

[13:55] {gen} back to work :(

[13:55] {Onix} best of luck gen

[13:55] {gen} happy trading everybody

[13:56] {Onix} thanks

[14:00] {Onix} the Dow going for another bounce @ 8000?

[14:01] {Threei}  SLW selling getting exhausted

[14:03] {dino} cya gen

[14:08] {Threei}  starts looking like marketis ready to reverse

[14:09] {Threei} Long Setup:  RIMM  .86 stop under .70, half lot

[14:10] {Threei}  lol

[14:10] {Threei}  VIDE

[14:10] {Threei}  AYDIN SELECTED BY GENERAL DYNAMICS FOR CDS DISPLAYS

[14:11] {Threei}  look at level 2

[14:12] {Threei}  RIMM invalidated as a break but becomes an aggressive entry, as close to .60 as possib;e

[14:12] {Threei}  with stop under .50

[14:13] {KSystems} out PALM

[14:16] {nemo} SLW double bottoming?

[14:16] {jmb} thanks vad RIMM

[14:17] {Threei}  :)

[14:17] {Threei}  looks like, SLW... hard to tell in this muddy market

[14:18] {Threei}  waves of sudden selling out of nowhere

[14:18] {Threei}  heistant to trade against them

[14:18] {KSystems} are you still in RIMM Vad?

[14:18] {Threei}  just a quick scalp, .59 - .76

[14:19] {Threei}  it's a counter-trend trading, not hanging around for too long

[14:19] {KSystems} allright

[14:19] {Threei}  bite you easy piece, get out

[14:19] {Onix} please help, i can not understand it: we are in this global financial crisis because banks lent too much too easy, now governments want to encourage banks to lend more?

[14:20] {Threei}  hehe

[14:20] {Threei}  it's like healing hangover with shot of vodja in the morning Onix

[14:20] {Threei}  vodka

[14:20] {nemo} onix, watch the standards this time around.  If there are no credit lines, there is no business.

[14:21] {Onix} ;) Vad

[14:22] {nemo} this is gettin' ugly

[14:23] {Threei}  depends on your definition of beauty

[14:23] {Onix} going to test 8000 level on Dow

[14:24] {nemo} Like the Bulgarian definition?

[14:24] {Threei}  that, or ostrich once

[14:24] {nemo} ostrich taste good

[14:24] {Threei}  head in the sand, whatever happens outside me no care

[14:25] {nemo} unless you have a shotgun pointed at your alimentary canal

[14:27] {Threei}  will VSEC ever bounce or is it a dead duck?

[14:27] {nemo} dead ostrich?

[14:27] {Threei}  not that I am interested, not my type of stock

[14:27] {Threei}  dino may be though

[14:28] {dino} hmmm

[14:29] {cujo} vad +.17 on RIMM.  Thanks.  Forgot to post when it executed.  

[14:29] {Threei}  wtg cujo

[14:29] {cujo} tnkx

[14:29] {dino} gj cujo

[14:29] {dino} army not looking at vsec bid

[14:42] {Threei}  yeah

[14:43] {Threei}  nice bounce SLW

[14:43] {Threei}  anyone went for it?

[14:43] {cujo} nopers

[14:43] {patience} does a duck swim?

[14:44] {Threei}  unless pond is frozen...

[14:44] {patience} good point

[14:45] {patience} wait a sec, didn't you tell me yesterday felt like summertime?

[14:45] {patience} no frozen ducks

[14:46] {Threei}  it did... I just make a general statement

[14:46] {Threei}  I have to maintain reputation of master of the obvious, remember

[14:46] {Threei}  I worked long and hard to earn it

[14:47] {Threei}  PIMCO'S GROSS: REITERATES THAT TREASURIES ARE OVERVALUED

[14:47] {dino} celg stopped -.36

06[14:47] * Threei reaches for all his treasures hidden in the attic and sells them

[14:52] {Threei}  Sen Kennedy collapsed during luncheon

[14:53] {cujo} bounce time?

[14:53] {nemo} Have you seen his belly?

[14:53] {larisa} he has brain cancer

[14:53] {Threei}  hard to tell cujo, need some more definitive action than this

[14:54] {nemo} RIMM getting off the mat?

[15:00] {Threei}  two senators actually

[15:00] {Threei}  Robert Byrd too

[15:00] {Threei}  what's going on... senators are dropping like flies

[15:02] {Threei}  banks got seriously killed today

[15:03] {Threei}  and in fact are what mainly weighs on the market

[15:03] {Threei}  compare % down for the financials and indices

[15:05] {Onix} all the government props of financials are breaking under the weight

[15:06] {Threei}  confirms the notion that financial sector is not what is going to lead the market on the way up

[15:06] {Threei}  IMO, they will lag

[15:07] {dino} breaking jan. and dec. lows

[15:07] {nemo} hide the women and children

[15:07] {Onix} you think the market will ever go up again Vad :O

[15:08] {nemo} I guess the inauguration was "sell the news"

[15:08] {Threei}  not really Onix... it's going to drop eternally

[15:09] {nemo} Yep...right into 2012...we're all gonna' die

[15:09] {Threei}  of course when 'ally sta'ts I will assu'e you we will neve' eve'; even pull back anymo'e

[15:09] {Onix} :D

[15:14] {nemo} Hey mags...see this:    http://www.telegraph.co.uk/scienceandtechnology/technology/apple/4297205/Sniper-rifle-software-launched-for-iPod-touch.html

[15:16] {Threei}  watch DRYS scalpers

[15:16] {Threei}  likelt to lose 13, dive quickly and provide scalpable bounce

[15:16] {dino} s&p -14% in 9 trade days, dji -12%, ndx-11%. pretty brutal

[15:16] {Threei}  not likely to call it in time, will be quick

[15:16] {dino} there goes my b-day again

[15:16] {Threei}  either you get a feel for it or stay away

[15:16] {Threei}  and keep to half lot, no need to spoil a goosd day

[15:18] {Threei}  held 13...

[15:18] {Threei}  oh well

[15:20] {Threei}  PALM is getting hit brutally

[15:20] {Threei}  7.50 break for a quick scalp

[15:20] {nemo} from golden boy to readheaded step-child

[15:20] {Threei}  hehe

[15:21] {Threei}  yesterday's darlings...

[15:22] {nemo} jaime was right...not

[15:22] {Threei}  take scalp

[15:22] {jmb} thanks vad PALM

[15:22] {Threei}  sure thing

[15:22] {Threei}  easy money to be picked up

[15:23] {Threei}  missed DRYS, 13 was such a tempoting support to break, was pretty sure it would

[15:24] {nemo} RIMM vad?

[15:24] {Threei}  I'd stay away from it for now

[15:24] {nemo} yep

[15:34] {dino}  -5% ndx, s&p today

[15:34] {dino} crazy, when average yearly is only 6%

[15:34] {dino} idcc

[15:35] {dino} good thing cnbc was talking the obama rally and bottom early january

[15:35] {Threei}  lol

[15:40] {dino} 3:40

[15:44] {Onix} i think i see blue blood flowing in Wall Street today with the royal financials being slaughtered royally

[15:45] {Threei}  look at FSLR and other solars, and you'll se green blood too

[15:45] {Onix} :)

[15:45] {nemo} skf up 27% today...that's green

[15:46] {Onix} unbelievable!

[15:47] {Threei}  look at BAC

[15:48] {dino} c 2.88

[15:48] {Onix} BAC & C close to dropping off the charts into the abyss

[15:48] {Threei}  yeah... jeez

[15:49] {nemo} yeah...they'll trade with FNM and FRE

[15:50] {dino} close to being nationalized

[15:50] {Threei}  hey... maybe this way we will get rid of fed?

[15:50] {nemo} you dreamin'

[15:51] {dino} nope, they are insolvent as it is

[15:51] {Threei}  nationalize them all, then let them go private keeping central bank functions belonging to state

[15:51] {nemo} too much power to give up

[15:52] {dino} markets not liking the tax, spend, more regulation administration

[15:52] {dino} plus, the 3:40 bounce is not working under them

[15:53] {dino} :)

[15:53] {Threei}  that's upsetting

[15:53] {Threei}  I jusr learned how to play it

[15:53] {Threei}  stop changing game rules on me

[15:53] {Threei}  wait... changing the rules IS the rule

[15:54] {Onix} :D

[15:56] {Threei}  finshing at the low

[15:56] {Threei}  yikes

[15:56] {Threei}  DRYS

[15:56] {Threei}  too close to eod :)

[15:58] {wishbone} good nite all

[15:58] {Threei}  take care wish

[15:58] {larisa} good night :)

[15:58] {Threei}  ok guys, tell me please

[15:58] {dino} cya wish

[15:58] {Threei}  should we be ashamed to say "nice day" when markets are bleeding like that?

[15:59] {Threei}  or let's keep our head high and say it anyway?

[15:59] {Threei}  no one even talking to me...

[16:00] {Threei}  whatever... I won't talk to you either

[16:00] {nemo} I'll talk to you...vad

[16:00] {patience} i'm just thankful we aren't down 700 or 800 points...hate those days

[16:00] {cujo} sry vad, watching mkt tank

[16:00] {Threei}  other than say, have a nice evening, see you tomorrow

[16:00] {Threei}  but tomorrow I am not talking to any of you

[16:00] {KSystems} bye :)

[16:00] {KSystems} and thank you

[16:00] {Threei}  exdept nemo

[16:00] {Threei}  patience

[16:00] {cujo} Have a good one

[16:00] {Threei}  cujo

[16:00] {patience} :))))

[16:00] {Threei}  and KS

[16:00] {Threei}  lol

[16:00] {dino} ?

[16:01] {Threei}  never mind dino... I am having my end of day fun

[16:01] {Threei}  I mean, fun as I understand it

[16:01] {nemo} Yeah, and it's just after lunch for you

[16:01] {Threei}  which is, you know... dubious at best

[16:01] {fernp} see you all tomorrow, good evening

[16:01] {Threei}  fern :)

[16:02] {dino} hmmmmm

[16:03] {dino} in any case, calling it a day

Jan 16 2009

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

 

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

[07:40] {nemo} mornin'

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

[08:01] {Threei}  here

[08:02] {Threei}  good morning :)

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

[08:04] {Threei}  lol

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

[08:05] {Threei}  alive

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

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

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

[08:06] {Threei}  eqzaktly

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

[08:06] {_cujo} good morning all. 

[08:06] {Threei}  cujo :)

[08:07] {nemo} dog :)

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

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

[08:21] {Threei}  yup... rally mode

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

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

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

[08:23] {Threei}  to lead us

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

[08:24] {Threei}  lol

[08:24] {Threei}  good reference

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

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

[08:31] {Threei}  morning ese :)

[08:31] {ese} hey vad

[08:32] {Threei}  serious bidder PALM

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

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

[08:33] {Threei}  PALM, DRYS, RIMM

[08:33] {_cujo} If you don

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

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

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

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

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

[08:36] {nemo} 1

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

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

[08:36] {_cujo} got ya

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

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

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

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

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

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

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

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

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

[08:41] {Threei}  i2r :)

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

[08:41] {wishbone} good morning

[08:41] {Threei}  wish :)

[08:41] {_cujo} makes sense

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

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

[08:43] {Threei}  lol

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

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

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

[08:48] {i2romantis} ok

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

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

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

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

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

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

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

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

[08:56] {Threei}  wow

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

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

[09:04] {lisa_jay} Good Morning.

[09:04] {Threei}  lisa :)

[09:06] {ese} lisa

[09:07] {Peterg} good morning

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

[09:07] {lisa_jay} Hi Ese.

[09:07] {Threei}  peter :)

[09:07] {elepet} good morning

[09:07] {Threei}  elepet :)

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

[09:07] {Peterg} of chat?

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

[09:07] {Peterg} Yep

[09:07] {Threei}  OK

[09:07] {Peterg} tks

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

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

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

[09:08] {KSystems} Morning!

[09:08] {Threei}  KS :)

[09:08] {_cujo} morning KS

[09:09] {Threei}  no, it's worse

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

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

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

[09:09] {Threei}  replay

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

[09:10] {Threei}  that's korrekt

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

[09:10] {Threei}  or is it korreqt?

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

[09:10] {Peterg} like both variants

[09:11] {Threei}  you can't elepet

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

[09:11] {Threei}  right

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

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

[09:11] {hawkfan4} gm all

[09:11] {Peterg} oooh

[09:12] {Threei}  cosmo, that deep

[09:12] {Threei}  hawk :)

[09:12] {cosmo} sorry

[09:12] {Peterg} very good!

[09:12] {dptl} gm all

[09:12] {Threei}  dp :)

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

[09:13] {dptl} :)

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

[09:13] {Peterg} 24/7

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

[09:13] {Threei}  why not

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

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

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

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

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

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

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

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

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

[09:17] {Threei}  be back in 5

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

[09:17] {cosmo} 40

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

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

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

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

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

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

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

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

[09:21] {ese} Bare Naked Ladies

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

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

[09:22] {ese} hmmmmmmmmmm

[09:22] {cosmo} be friends?

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

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

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

[09:23] {Threei}  broad rally

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

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

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

[09:24] {fernp} Hi everybody

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

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

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

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

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

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

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

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

[09:25] {Peterg} Sheryl

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

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

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

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

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

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

[09:27] {dino} test

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

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

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

[09:28] {Threei}  dino :)

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

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

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

[09:29] {cosmo} fwiw

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

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

[09:30] {Peterg} about fifty times

[09:30] {Threei}  PALM 7 break

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

[09:31] {dino} yeah

[09:31] {Threei}  invalidated

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

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

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

[09:35] {Peterg} 7?

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

[09:35] {Threei}  DRYS, 15

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

[09:35] {Threei}  and DRYS holding 15

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

[09:36] {KSystems} nope

[09:36] {Threei}  not yet

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

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

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

[09:38] {Threei}  no

[09:38] {KSystems} k

[09:39] {Threei}  some green

[09:39] {Threei}  in

[09:39] {KSystems} in

[09:39] {Threei}  stop is obvious

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

[09:41] {dino} aapl not following

[09:41] {nemo} jobs

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

[09:43] {Threei}  market looks greener

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

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

[09:44] {KSystems} yep

[09:44] {hawkfan4} y

[09:44] {dino} jpm blood

[09:44] {Threei}  PALM half out

[09:45] {Threei}  1.4 more out

[09:45] {Threei}  1/4

[09:46] {Threei}  out in full

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

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

[09:47] {wishbone} ty vad

[09:47] {Threei}  welcome

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

[09:48] {Threei}  :)

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

[09:48] {Threei}  I guess

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

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

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

[09:50] {nemo} own=down

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

[09:50] {nemo} straddles

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

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

[09:52] {Threei}  DRYS no worky

[09:52] {Threei}  needs deep dump

[09:52] {_cujo} stopped drys

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

[09:52] {Threei}  between 7 and 7.20

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

[09:53] {Threei}  wtg

[09:53] {hawkfan4} nice dino

[09:53] {Threei}  in PAL

[09:53] {Threei}  .06

[09:53] {dino} lucky

[09:53] {Threei}  PALM

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

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

[09:54] {Threei}  beautifull

[09:54] {cosmo} obamarational

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

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

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

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

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

[09:56] {lisa_jay} nice

[09:56] {hawkfan4} nice

[09:57] {magoo} morning

[09:57] {dino} gj

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

[09:58] {Threei}  mags :)

[09:58] {Threei}  half out PALM .32

[10:02] {KSystems} in brcm

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

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

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

[10:06] {Threei}  kind of yeah

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

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

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

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

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

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

[10:08] {Threei}  beauty fern

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

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

[10:09] {fernp} ty

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

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

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

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

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

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

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

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

[10:13] {Threei}  a bit too narrow...

[10:14] {fernp} ok

[10:17] {nemo} slw falling

[10:18] {dino} axys

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

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

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

[10:19] {nemo} ahhhh materialism  :)

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

[10:21] {KSystems} argh too late

[10:21] {_cujo} grrrr

[10:21] {Threei}  that was fast

[10:21] {Threei}  should pull back

[10:21] {Threei}  don't chase

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

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

[10:22] {KSystems} in PLD

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

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

[10:22] {ese} aggressive

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

[10:23] {Threei}  not confident

[10:23] {magoo} right

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

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

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

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

[10:25] {magoo} lol

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

[10:26] {magoo} i liked those

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

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

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

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

[10:27] {nemo} surplus proletariat

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

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

[10:29] {dino} cpla stopped

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

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

[10:31] {Threei}  germs...

[10:32] {Threei}  half out PLD .45

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

[10:32] {Threei}  I'd stay away mags

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

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

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

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

[10:34] {dino} lol

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

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

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

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

[10:35] {Threei}  and heistated

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

[10:36] {Threei}  lol

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

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

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

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

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

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

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

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

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

[10:38] {ese} tks

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

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

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

[10:39] {Threei}  nope

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

[10:40] {magoo} its expiration day

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

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

[10:42] {dino} itri, axys

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

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

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

[10:42] {magoo} ah nemo

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

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

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

[10:43] {Threei}  yes KS

[10:43] {KSystems} oh cool

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

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

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

[10:44] {nemo} yep. 

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

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

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

[10:44] {magoo} ditto

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

[10:44] {Threei}  {--- 2x4

[10:44] {Threei}  US administration ese

[10:45] {magoo} stones, snowballs

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

[10:45] {KSystems} i=he

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

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

[10:46] {KSystems} hey wish

[10:46] {wishbone} hi KS

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

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

[10:48] {fernp} in BAC 7.99

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

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

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

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

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

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

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

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

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

[10:50] {fernp} yes

[10:50] {Threei}  got scared

[10:50] {fernp} classic DBI

[10:51] {Threei}  yes

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

[10:53] {nemo} faz

[10:53] {nemo} oops

[10:53] {fernp} out 7.70

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

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

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

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

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

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

[10:56] {patience} looks like it

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

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

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

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

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

[10:59] {patience} dropping imo

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

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

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

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

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

[11:00] {Threei}  german philosopher

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

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

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

[11:00] {Peterg} Wittgenstein

[11:00] {Threei}  color perception

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

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

[11:01] {wishbone} ks

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

[11:01] {Threei}  out second half PLD

[11:01] {Threei}  .65

[11:01] {Threei}  +.38

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

[11:02] {Threei}  ks, out yet?

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

[11:02] {KSystems} yes

[11:02] {KSystems} thanks :)

[11:02] {Threei}  :)

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

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

[11:04] {fernp} deep

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

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

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

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

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

[11:05] {Threei}  or by my bias.

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

[11:05] {nemo} action and experience

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

[11:06] {nemo} liberally

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

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

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

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

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

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

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

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

[11:08] {Threei}  hehe

[11:08] {Threei}  no mags

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

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

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

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

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

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

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

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

[11:09] {Threei}  second,

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

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

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

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

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

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

[11:10] {magoo} i know

[11:11] {patience} like quitting smoking

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

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

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

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

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

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

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

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

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

[11:13] {Threei}  well

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

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

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

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

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

[11:14] {dino} nope

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

[11:14] {dino} saw the office

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

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

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

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

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

[11:16] {Threei}  thing of beauty

[11:16] {Threei}  in pain nemo

[11:16] {Threei}  permanent dislocation

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[11:21] {Threei}  but I need models

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

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

[11:21] {_cujo} sold

[11:21] {KSystems} ouch

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

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

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

[11:22] {Threei}  and is not monetary

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

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

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

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

[11:24] {Threei}  PLD

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

[11:25] {Threei}  with stop under .20

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

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

[11:26] {Threei}  BAC hit under 7.50

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

[11:27] {Threei}  or short

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

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

[11:30] {magoo} small

[11:31] {magoo} .90

[11:31] {magoo} stop

[11:33] {magoo} out rimm

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

[11:33] {KSystems} PLD stopped

[11:33] {wishbone} pld stopped

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

[11:34] {dino} watching axys

[11:34] {dino} itri

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

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

[11:37] {Threei}  and S&P

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

[11:48] {KSystems} in

[11:48] {wishbone} in

[11:48] {magoo} in

[11:49] {larisa} :)

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

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

[11:51] {Threei}  half out RIMM

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

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

[11:52] {Threei}  :)

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

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

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

[11:54] {magoo} stay away aapl

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

[11:54] {_cujo} got it. 

[11:54] {_cujo} staying away

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

[11:55] {Threei}  yikes

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

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

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

[11:55] {_cujo} of course

[11:55] {_cujo} he he

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

[11:55] {Chaeron} hi all

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

[11:56] {lisa_jay} Hi Chaeron.

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

[11:56] {Threei}  chaeron :)

[11:56] {dino} ipar

[11:56] {Chaeron} hey3i

[11:56] {dino} chaer on ignore

[11:57] {dino} :)

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

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

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

[11:58] {Threei}  lol

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

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

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

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

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

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

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

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

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

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

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

[12:03] {Threei}  take care ese

[12:03] {magoo} bye es

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

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

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

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

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

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

[12:05] {dino} cya es

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

[12:06] {dino} hmmmm

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

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

[12:08] {dino} itri bloody

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

[12:09] {Threei}  {MSFT}

[12:10] {cosmo} for lunch?

[12:10] {Threei}  I guess:

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

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

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

[12:12] {dino} nice

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

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

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

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

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

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

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

[12:18] {nemo} triple

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

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

[12:19] {_cujo} 7.19 weird

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

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

[12:20] {nemo} now 7.17

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

[12:22] {_cujo} RIMM bounce?

[12:24] {Threei}  not yet...

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

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

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

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

[12:25] {_cujo} y

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

[12:29] {Threei}  PALM

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

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

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

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

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

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

[12:31] {dino} man eating rabbits

[12:31] {nemo} Harvey

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

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

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

[12:32] {dino} :)

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

[12:35] {dino} jpm ouch

[12:41] {wishbone} rimm ty vad

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

[12:41] {Threei}  :)

[12:45] {Threei}  disclosure:

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

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

[12:46] {nemo} te moritori salutamos

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

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

[12:48] {nemo} march TOWARD 8

[12:48] {Threei}  lol

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

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

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

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

[12:49] {Threei}  yes ma'am

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

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

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

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

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

[12:51] {Threei}  ugh mags

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

[12:51] {nemo} RIMM vad

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

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

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

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

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

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

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

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

[12:58] {Threei}  ouch

[12:58] {Threei}  that hurt

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

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

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

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

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

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

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

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

[13:03] {Threei}  if stays above .20

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

[13:05] {cosmo} any symbols?

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

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

[13:05] {larisa} old news cosmo

[13:05] {cosmo} yea

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

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

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

[13:07] {patience} gnh

[13:07] {cosmo} pbw?

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

[13:07] {patience} y

[13:08] {patience} it shows?

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

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

[13:08] {patience} bg i meants

[13:08] {KSystems} in PALM

[13:08] {KSystems} .33

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

[13:10] {Threei}  {MUNIS}

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

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

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

[13:11] {magoo} 49.00 that is

[13:11] {Threei}  nice mags

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

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

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

[13:13] {dino} apol

[13:16] {Threei}  nice pullback APOL

[13:16] {Threei}  right into support

[13:17] {magoo} still scalpers mkt

[13:17] {magoo} sigh

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

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

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

[13:25] {Threei}  hard to tell...

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

[13:25] {_cujo} thanks

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

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

[13:31] {Threei}  beauty

[13:31] {hawkfan4} nice mags

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

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

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

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

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

[13:32] {KSystems} ty Vad

[13:32] {Threei}  :)

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

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

[13:33] {magoo} nice

[13:33] {nemo} dino lied

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

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

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

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

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

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

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

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

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

[13:34] {Threei}  there you go mags

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

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

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

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

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

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

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

[13:36] {larisa} sigh

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

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

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

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

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

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

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

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

[13:41] {nemo} ctrl-c  ctrl-v

[13:41] {Threei}  yeah

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

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

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

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

[13:42] {nemo} nope

[13:42] {nemo} blew right through

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

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

[13:43] {dino} nice

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

[13:48] {nemo} PALM!

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

[13:48] {Threei}  I am not watching

[13:48] {Threei}  not watching

[13:48] {Threei}  not watching

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

[13:49] {Threei}  I am whistling

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

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

[13:49] {Threei}  can I say 'ally?

[13:49] {larisa} yes

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

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

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

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

[13:51] {Threei}  dufus

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

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

[13:52] {Peterg} oops sorry slipped

[13:53] {nemo} phonetic spelling

[13:53] {Peterg} korekt

[13:53] {Threei}  you mean fonetik?

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

[13:53] {nemo} shoor

[13:54] {Peterg} palm

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

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

[13:54] {KSystems} lexonet?

[13:55] {hawkfan4} nice dino

[13:56] {dino} ty

[13:57] {Threei}  good boy PALM

[13:57] {Threei}  .50 - .63 scalp

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

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

[13:58] {_cujo} nothing exciting

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

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

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

[14:00] {magoo} gave

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

[14:03] {hawkfan4} u2

[14:03] {magoo} u2 bro

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

[14:03] {Threei}  see you on Tuesday

[14:03] {dino} cya fern

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

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

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

[14:06] {magoo} i said points

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

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

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

[14:08] {magoo} ok out here

[14:08] {magoo} + 1.55

[14:08] {magoo} looking to reload

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

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

[14:18] {larisa} nice dino

[14:19] {dino} ty

[14:19] {dino} watching itri again

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

[14:27] {nemo} anybody there?

[14:28] {patience} i am

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

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

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

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

[14:46] {Threei}  not watching PALM

[14:46] {larisa} sell it!

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

[14:49] {dino} lol

[14:49] {dino} my precious

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

[14:50] {dino} up

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

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

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

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

[14:52] {Threei}  still do :)

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

[14:52] {nemo} sorry:(

[14:52] {dino} :)

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

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

[14:53] {Threei}  neither did I mags

[14:53] {Threei}  no chance larisa

[14:53] {Threei}  7.95 or bust

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

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

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

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

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

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

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

[14:55] {nemo} yeah, sweet though, 

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

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

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

[14:56] {dino} lol

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

[14:57] {patience} moi

[14:57] {nemo} in TNA

[14:57] {Threei}  2 cents left PALM

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

[14:58] {dino} hmmm

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

[14:58] {KSystems} WTG :)

[14:58] {Threei}  our 2500

[14:58] {Threei}  500 left

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

[14:58] {larisa} good job PALM

[14:58] {magoo} in gs long

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

[14:58] {Threei}  ty

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

[14:59] {nemo} yeah, regularly

[14:59] {Threei}  out in full

[14:59] {Threei}  8.10

[14:59] {Threei}  whew

[14:59] {_cujo} great trade

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

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

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

[15:00] {magoo} u bastard

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

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

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

[15:00] {Threei}  and I posted entry

[15:00] {magoo} nice call boss

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

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

[15:02] {i2romantis} were*

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

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

[15:04] {Threei}  yes

[15:04] {wishbone} nice trade

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

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

[15:18] {dino} gmcr

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

[15:21] {Threei}  take care dp

[15:22] {wishbone} bye dp

[15:22] {patience} you too dp

[15:22] {nemo} P&Q

[15:27] {dino} dpppppppppppppppppp, enjoy

[15:27] {dino} getting thirsty magoo

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

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

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

[15:31] {Threei}  PALM

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

[15:32] {wishbone} lol

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

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

[15:33] {Threei}  yes

[15:33] {Threei}  why?

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

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

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

[15:34] {Threei}  will take a look

[15:34] {dino} got me?

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

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

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

[15:34] {Threei}  ty, will look

[15:34] {wishbone} hude=huge

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

[15:35] {wishbone} lol dino

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

[15:35] {nemo} no broadband

[15:35] {_cujo} ha ha ha

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

[15:35] {dino} :)

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

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

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

[15:37] {nemo} big circle

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

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

[15:43] {Threei}  not available here

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

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

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

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

[15:45] {Threei}  that's disturbing

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

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

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

[15:47] {Threei}  I see dead pixels

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

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

[15:47] {nemo} Ooohh good one

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

[15:47] {larisa} lol

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

[15:47] {Threei}  very bright

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

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

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

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

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

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

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

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

[15:50] {Threei}  good one

[15:51] {dino} ty

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

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

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

[15:52] {dino} on it magoo

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

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

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

[15:53] {Threei}  and just 1 one lot

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

[15:54] {dino} god help ya

[15:54] {nemo} wrong direction

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

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

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

[15:56] {Threei}  OK guys

[15:56] {Threei}  thank you all

[15:56] {nemo} P&Q

[15:56] {lisa_jay} Thanks Vad.

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

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

[15:56] {_cujo} thanks Vad

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

[15:56] {nemo} Nice weekend all

[15:56] {Threei}  see you on Tusday!

[15:57] {KSystems} bye :)

[15:57] {magoo} TY vad

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

[15:57] {hawkfan4} thanks vad

[15:59] {Threei}  ask KS dino

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

[15:59] {Threei}  it's saved

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

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

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

Jan 15 2009

Finally - after three days of boredom and lukewarm performance, today we got it right. Day started out pretty much in the same key - couple scalps, couple stops... then IDCC short brought 40 cents and AMZN long gave 50, so the day immediately become nice and bright.

Session Time: Thu Jan 15 00:00:00 2009

[04:04] {fernp} this is a link to a video (2 minutes) showing how to configure the old (and free) mIRC to connect to the new server

[04:04] {fernp} http://www.screencast.com/t/Wj9rVYsgPP3

[04:04] {fernp} hope will be helpful for those who have not been able to connect to the new server using mirc

[04:04] {fernp} good morning from Spain

[07:25] {Onix} Good morning

[07:25] {Threei}  hi onix

[07:25] {Threei}  you managed to switch to mirc yet?

[07:26] {Onix} not yet, thats why i am up so early :/

[07:27] {Onix} i need you or KS to assist me please

[07:27] {Threei}  [04:04] {fernp} this is a link to a video (2 minutes) showing how to configure the old (and free) mIRC to connect to the new server

[07:27] {Threei}  [04:04] {fernp} http://www.screencast.com/t/Wj9rVYsgPP3

[07:27] {Onix} thanks

[07:48] {Onix} what happened to that video link?

[07:49] {Threei}  what do you mean?

[07:49] {Threei}  it's there

[07:49] {larisa} good morning threei, onix :)

[07:50] {Threei}  larisa :)

[07:50] {Threei}  I am viewing it right now

[07:50] {Onix} i went out and did all as directed in the the little video

[07:50] {Onix} but am not so if i must be on the old or the new site

[07:51] {Onix} sure

[07:52] {Threei}  you lost me :)

[07:52] {Onix} i came back to this new site and the link you gave me earlier is not here?

[07:52] {Threei}  http://www.screencast.com/t/Wj9rVYsgPP3

[07:52] {Threei}  it's here, it's just that there is no replay

[07:53] {Onix} thanks, thats OK

[07:53] {Onix} so, all i have to do is go into the old site and make all the changes while staying logged into this new site?

[07:54] {Threei}  you need to open old mirc if you still have it, and configure it as shown in video,

[07:55] {Threei}  in order to connect to this room you need to disconnect your mibbit, otherwise you will get a message that your username is already in use

[07:55] {larisa} lol! you had to do video for the new MIRC setup ?

[07:55] {Onix} thats what happened

[07:56] {Threei}  fernp did, to help those who have troubles following pdf file

[07:56] {Threei}  and KS is going to do the same for new mirc

[07:56] {larisa} nice :)

[07:56] {Onix} where can i find the pdf file please?

[07:57] {Threei}  you have old mirc or new mirc?

[07:57] {Onix} both?

[07:58] {Threei}  ok, if you want to use old - use video instructions

[07:58] {Threei}  if new - pdf, http://www.realitytrader.com/mIRC%20room%20connection.pdf

[07:59] {Onix} thanks

[08:08] {_cujo} good morning

[08:13] {Threei}  cujo :)

[08:17] {i2romantis} morning all :)

[08:17] {Threei}  i2r :)

[08:17] {Threei}  REPORTEDLY, STEVE JOBS HAS NO RECURRENCE OF CANCER - NYT

[08:17] {Threei}  - Reminder: On 01/14, AAPL Sent media advisory, Steve Jobs notes health issues more complex than thought, will take medical leave of absence until June

[08:20] {_cujo} story with Jobs seems to change daily...

[08:20] {Threei}  yeah, one of those neverending sagas

[08:20] {Threei}  like YHOO/MSFT

[08:21] {_cujo} yeah, you see there being knee jerk selling right at open?

[08:21] {Threei}  anyone's guess

[08:22] {Threei}  bearishness is in the air

[08:22] {_cujo} :)

[08:24] {Threei}  JPM CEO DIMON: STILL EXPECTS $1B FROM BEAR STERNS IN 2009, PRIME BROKERAGE IS DOING VERY WELL - CONF CALL

[08:24] {Threei}  - Banks are actively out making loans, some banks continue to make loans to each other. TARP is helping this process.

[08:24] {Threei}  - We are trying to follow the intent and spirit of TARP

[08:25] {Threei}  {BEAR STERNS} somebody is still expecting something from us?

[08:26] {Threei}  my favorite part though is this:

[08:26] {Threei}  banks continue to make loans to each other

[08:26] {Threei}  aren't we glad they care about each other so deeply? isn't it touching?

[08:30] {Threei}  DEC PRODUCER PRICE INDEX M/M: -1.9% V -2.0%E; PPI EX FOOD&ENERGY M/M: % V 0.1%E

[08:30] {Threei}  NITIAL JOBLESS CLAIMS: 524K V 503KE;

[08:30] {Threei}  CONTINUING CLAIMS: 4.497M V 4.611ME

[08:31] {Threei}  JAN EMPIRE MANUFACTURING: -22.20 V -25.0E

[08:34] {Threei}  not sure what in those numbers caused such enthusiasm

[08:34] {Threei}  initial claims are up once again

[08:35] {Threei}  continuing are down a bit but is it because people find job or stop looking?

[08:38] {nemo} mornin'

[08:38] {Threei}  nemo :)

[08:38] {_cujo} morning nemo

[08:38] {nemo} actually :( sick as a dog

[08:39] {nemo} anyway to see stuff I missed cujo :) (funny greetig a rabid dog that way)

[08:39] {Threei}  [08:30] {Threei} DEC PRODUCER PRICE INDEX M/M: -1.9% V -2.0%E; PPI EX FOOD&ENERGY M/M: % V 0.1%E

[08:39] {Threei}  [08:30] {Threei} NITIAL JOBLESS CLAIMS: 524K V 503KE;

[08:39] {Threei}  [08:30] {Threei} CONTINUING CLAIMS: 4.497M V 4.611ME

[08:39] {Threei}  [08:31] {Threei} JAN EMPIRE MANUFACTURING: -22.20 V -25.0E

[08:40] {_cujo} ha ha ha

[08:40] {nemo} thanks, bark! bark!

[08:44] {Threei}  any luck Onix?

[08:50] {nemo} Tag Herrn Ksystems

[08:52] {KSystems} hey :)

[08:53] {peterg} morning all

[08:53] {peterg} Thanks for looking for me yesterday vad but I was off

[08:53] {peterg} Now, ks, lets take a look!

[08:54] {Threei}  hi peter

[08:54] {Threei}  try this:

[08:54] {Threei}  [04:04] {fernp} this is a link to a video (2 minutes) showing how to configure the old (and free) mIRC to connect to the new server

[08:54] {Threei}  [04:04] {fernp} http://www.screencast.com/t/Wj9rVYsgPP3

[08:56] {ese} morning.......ok get this .....while logging onto the reality trader web page i was trying to scrole down to the chat room log on.....I accidentally grabbed vads picture at the top of the page....realeased it.....and I was staring at a gigantic size Vad on my screen.....talk about big brother!!!!

[08:57] {Threei}  ese, that must be scary... and very traumatizing experience

[08:57] {ese} holy canoly..........your everywhere vad

[08:57] {peterg} ok jhave to download new adobe browser, shut off everything else back soon 

[08:57] {Threei}  I for one try not to look in the mirror for about couple hours before going to sleep

[08:58] {Threei}  adobe broswer?

[08:58] {hawkfan4} lol, morning all

[08:58] {Threei}  hawk :)

[08:59] {peterg} yes

[08:59] {Threei}  no such thing...

[09:00] {patience} good morning RT, how are pre-markets this morning?

[09:00] {Threei}  was down more... now down less

[09:00] {Threei}  but still down

[09:00] {nemo} vad, maybe you should wear the ski mask when you're at home...

[09:01] {Threei}  it's an open question what is scarier, nemo

[09:02] {nemo} It's not for me to judge.  trying to be helpful

[09:05] {cosmo} ASML

[09:06] {ese} saw that as well cas

[09:06] {ese} cos

[09:07] {Threei}  01/15/09 01:01am

[09:07] {Threei}  [ASML.NV] ASML Holdings Reports Q4 Net -88M v -35Me, R 494M v 477Me

[09:07] {Threei}  - Guides Q1 Net Sales 180-200M v 249Me (guidance on Q1 sales was 180-250M) Gross Margins "around" 8%

[09:07] {Threei}  - Q4 New Machine bookings 13 units, book value 127M

[09:07] {Threei}  - Q4 Backlog 755M

[09:07] {Threei}  - Took restructuring and impairment charges in the Q4 of 138M

[09:07] {ese} reports loss bigger than expected....what else is new these days

[09:07] {geo} gm all

[09:07] {Threei}  07:06am [ASML.NV] ASML Holdings CFO: Expects to be cash positive this year, 450M break-even point corresponds with 20-25 unit sales - conf call more.. 07:06am [ASML.NV] ASML Holdings CFO: Expects to be cash positive this year, 450M break-even point corresponds with 20-25 unit sales - conf call

[09:07] {Threei}  - Not mulling partial buy back of 2017 bond.

[09:07] {Threei}  - To cut R&D investments if clients indicate cuts in their R&D.

[09:07] {Threei}  geo :)

[09:08] {ese} this is a good sign though re ASML......when stocks start going up after reporting bad news

[09:09] {ese} geo

[09:09] {cosmo} :)

[09:11] {lisa_jay} Good morning 

[09:12] {KSystems} good morning!

[09:13] {dptl} gm all

[09:14] {dino} gm all

[09:14] {Threei}  lisa, dp, dino :)

[09:15] {dino} :)

[09:16] {fernp} hello everybody

[09:16] {Threei}  fern :)

[09:16] {Threei}  thank you for your help earlier

[09:17] {fernp} welcome :)

[09:17] {Threei}  I am overwhelmed by mutual support

[09:17] {Threei}  for those who are stuggling with mirc configuration:

[09:17] {Threei}  [04:04] {fernp} this is a link to a video (2 minutes) showing how to configure the old (and free) mIRC to connect to the new server

[09:17] {Threei}  [04:04] {fernp} http://www.screencast.com/t/Wj9rVYsgPP3

[09:17] {wishbone}  good morning ks....is there a way to turn these messages off?* peterg (Mibbit@jtc-db5af7fb.static.iphouse.net) Quit (Quit: http://www.mibbit.com ajax IRC Client)

[09:18] {KSystems} yes

[09:18] {fernp} old version IT IS compatible with my router

[09:18] {KSystems} look on the top bar

[09:18] {KSystems} where the channel names are listed

[09:18] {KSystems} right-click them

[09:18] {KSystems} click events

[09:18] {KSystems} and select what you want to see

[09:20] {wishbone} ok ty ks

[09:20] {Threei}  REPORTEDLY HOUSE DEMOCRATS ARE CIRULATING AN $825B STIMULUS PACKAGE

[09:22] {cosmo} ASML should hold 16.10

[09:23] {cosmo} 16.30 pre mkt high

[09:26] {elepet} good morning. i checked in earlier and then got lost in the depths of trying to make MIRC work, and when i came back here, all messages earlier than 6:11 have gone. anything important?

[09:27] {peterg} any luck mirc?

[09:27] {peterg} Dino, magoo, mirc?

[09:27] {Threei}  no elepet

[09:27] {Threei}  you tried that video peter?

[09:28] {peterg} yes

[09:28] {Threei}  and?

[09:28] {elepet} I tried video and it did not help.

[09:28] {peterg} its for the old model, i deleted it

[09:28] {Threei}  KS will prepare same video for new mirc

[09:28] {dino} peter, i'll try after close

[09:29] {peterg} went back in time and found old model, now looking for video

[09:29] {Threei}  or if you prefer I can upload old for you

[09:29] {peterg} so far over hour +++ spent having fun

[09:29] {Threei}  http://www.screencast.com/t/Wj9rVYsgPP3

[09:29] {dino} magoo m.i.a. so far

[09:32] {Threei} Long Setup:  AMZN  .90 break half lot if stays above .70

[09:34] {Threei}  not holding

[09:36] {nemo} understatement

[09:37] {Threei}  DRYS is finally coming into that 14, with two days delay

[09:39] {peterg} coming along, can I use nick on both mbt and mirc simultaneously?

[09:39] {peterg} Says already in use on mirc

[09:39] {Threei}  no

[09:39] {Threei}  one connection with one nick

[09:39] {peterg} ok so bye for now here. hopefully see you later

[09:41] {dino} ndx breaking yesterday lod

[09:42] {dino} dji, s/p too

[09:43] {cosmo} ASML tests hod

[09:44] {cosmo} salmon   

[09:44] {Threei}  brutal selling DRYS

[09:44] {geo} vad is there a way to reach dave apart from mirc?

[09:45] {Threei}  phone

[09:45] {geo} ty

[09:45] {dino} dec lows dji broken

[09:45] {fernp} RIMM broke lod

[09:46] {Threei}  VRSN is almost indecently happy

[09:48] {Threei}  one more leg down on DRYS, then bounce hunting in order

[09:48] {Threei}  or half lot on .50 break

[09:48] {Threei}  if holding .30

[09:48] {Threei}  I'd prefer another drop

[09:49] {peterg} back

[09:49] {KSystems} theres your drop

[09:50] {KSystems} sort of

[09:50] {Threei}  yeah, more or less holding

[09:50] {KSystems} still valid .50 ?

[09:50] {Threei}  yes

[09:50] {KSystems} in

[09:51] {fernp} stop under .25?

[09:51] {Threei}  yup

[09:52] {Threei}  if takes this offer at .50 should be fine

[09:52] {dino} -11% dji, ndx; -12%s&p since 01/06

[09:52] {Threei}  market strengthened a bit

[09:53] {dino} getting a bit extreme

[09:53] {Threei}  come on DRYS, show how you can do it

[09:55] {Threei}  ASML new high

[09:55] {KSystems} i hope noone of you had a stop market order above .50 drys

[09:55] {Threei}  good boy DRYS, don't stop now

[09:56] {Threei}  that would be a suicidal tyope of order

[09:57] {Threei}  ok, half out DRYS

[09:57] {Threei}  scaloers know what to do

[10:03] {KSystems} stop to under .70?

[10:03] {Threei}  a bit too tight IMO

[10:03] {KSystems} hrmm ok

[10:03] {Threei}  under .60 is my preference

[10:03] {Threei}  but it's a kind of personal preference

[10:03] {KSystems} you were so right

[10:04] {KSystems} would have rinsed me

[10:04] {Threei}  still may...

[10:05] {Threei}  it's just that knowing DRYS personality I want to give it a chance to show the character

[10:05] {Threei}  it can go to 13 or to 14.5

[10:06] {Threei}  and with profit protected, I am comfortable with sacrificing second half

[10:06] {Threei}  if you aren't, just take profit

[10:06] {Threei}  market sharp drop again

[10:07] {Threei}  good test for DRYS

[10:07] {Threei}  either it can hold against it or who needs it

[10:11] {Threei}  REPORTEDLY US HOUSE STIMULUS BILL INCLUDES $20B FOR ALTERNATIVE ENERGY TAX CREDITS AND CUTS

[10:13] {KSystems} out drys

[10:13] {Threei}  yup

[10:14] {KSystems} DRYS - in .53 - out 1/2 .74 - out rest .56

[10:15] {peterg} back; adress banned from mirc, whatever that means. Got in, got password, could see names, then rejected. Man there is only so much of this I can take

[10:15] {peterg} thanks for help fernp

[10:15] {fernp} :)

[10:15] {peterg} two hours of rejection plus trying to make a buck

[10:15] {peterg} yikes

[10:16] {Threei}  I would think it's an after-hours work

[10:16] {Threei}  KS stayd here to help

[10:16] {peterg} yes--the mibbit thing has a conflict with laser

[10:16] {KSystems} nobody needs me *wheep

[10:16] {peterg} whenever I click on laser, mibbit disappears.

[10:16] {peterg} talk about ridiculous

[10:16] {ese} peter.....your butt must be sore by now?

[10:17] {peterg} it is not my butt that is maximally sore............

[10:17] {peterg} but I will calm down

[10:17] {geo} too much detail

[10:17] {peterg} slowly

[10:17] {peterg} you mistake my meaning

[10:18] {peterg} my head is sore; I am a sore-head

[10:18] {wishbone} peter you can install small program that will keep mibitt on top of laser: keep on top.exe

[10:19] {wishbone} if you like can send website

[10:19] {peterg} pls!

[10:19] {peterg} I think you did this yesterday, too, wish, but I din't get it.

[10:20] {wishbone} http://www.delayedreaction.com/freestuff/index.html

[10:20] {wishbone} d/l keep on top

[10:20] {wishbone} have laser and mibitt running

[10:21] {wishbone} run keep on top and select mibbit from scroll down and click keep on top, minimize keep on top

[10:24] {patience} ou est magoosky?

[10:25] {larisa} are we interested in PLD at 10 ?

[10:25] {Threei}  depends... certainly worth watching

[10:26] {Threei}  C goes to zero or what

[10:27] {Threei}  both C and BAC are shortable...

[10:27] {nemo} market kinda' like a black diamond piste

[10:27] {ese} either that or this turns out to be a double botom.... 

[10:27] {Threei}  let's see if we get some worthy bounce

[10:27] {dino}  gs bloody too

[10:28] {peterg} well thank g*d for that program, my sanity will hold out because the chat now does not disappear with every single gddmn keystroke!!Many thanks wishbone!!

[10:29] {peterg} Now I can seethe in some comfort and style

[10:29] {wishbone} thank jmb...he hooked me up. glad your suffering is over, I went thru the same thing:)

[10:30] {peterg} Thanks JMB

[10:30] {geo} free software is always more work

[10:30] {peterg} yes mother

[10:30] {wishbone} ya peter you'll have to do this everytime you set up laser and mibittt

[10:30] {geo} i would have raher used paltalk but vad did not want users to pay a monthly charge.... 

[10:30] {Threei}  IMF: NOTES THAT RECESSION IN EU IS LIKELY TO STEEPEN, ECB RATE CUT LEVEL WAS APPROPRIATE

[10:31] {geo} and he is he bossman

[10:31] {peterg} I hope MIRC oneday

[10:31] {peterg} I like the simplicity of the program

[10:32] {Threei}  anyone wants to be nickeled and dimed on additional software monthly chagres??

[10:32] {geo} i get it vad :)

[10:32] {Threei}  you are practically set up peter, it must be some small error at the end

[10:32] {geo} i am just pointing out the reason why 

[10:32] {peterg} I almost got it

[10:32] {Threei}  mistype of password

[10:32] {KSystems} what instructions did you follow peter

[10:33] {wishbone} btw geo thnks for the mirc tutorial, never would have figured out the install without it....

[10:33] {peterg} Tried new and old MIRC; fernp movie, pluss per4wsonal help when she found me locke3de into the old room

[10:33] {peterg} can I try at night?

[10:33] {geo} fernp is a she?

[10:34] {KSystems} sure server will be up

[10:34] {peterg} I dont know; possibly false assumption

06[10:34] * geo will watch his language

[10:34] {fernp} no geo

[10:34] {geo} lol

[10:34] {larisa} you still have to watch it geo :)

[10:34] {Threei}  lol

[10:34] {Threei}  C...

[10:34] {geo} i had that coming

[10:34] {Threei}  3.40 breakdown for short.

[10:35] {KSystems} in

[10:35] {Threei}  with stop above .50

[10:35] {geo} lot?

[10:35] {Threei}  thing keeps getting hammered

[10:35] {wishbone} c approaching november low

[10:35] {Threei}  10 cents stop geo?

[10:35] {geo} sorry

[10:37] {Threei}  BAC is bouncing

[10:38] {Threei}  C not so much

[10:39] {Threei}  one of these breakdowns must become a final one

[10:39] {Threei}  nail in the coffin so to speak

[10:39] {Threei}  descending triangle

[10:40] {Threei}  ugh

[10:40] {KSystems} stopped

[10:40] {wishbone} stopped c

[10:40] {fernp} stopped

[10:42] {geo} dcc pls vad when time

[10:47] {lisa_jay} ESE DCC please if you have a minute.  Thanks.

[10:48] {nemo} jpm caught bis

[10:48] {nemo} bids  damn "d" key

[10:53] {hawkfan4} SQNM .05 break part II, stop under .90 if it triggers

[10:53] {dino} capitulation bounce maybe

[10:56] {Threei}  larisa, you took PLD off 10?

[10:56] {wishbone} ese checked out your website last nite.....

[11:00] {larisa} I did, but sold for +.15 . Did not like that bottom at 10

[11:03] {Threei}  FORMER FED MEMBER VOLCKER: FINANCIAL SYSTEM NEEDS OVERSIGHT, COMPENSATION LED TO EXCESSIVE RISK TAKING

[11:05] {geo} hello back

[11:06] {geo} am i connected?

[11:06] {Threei}  yes

[11:10] {dptl} .

[11:11] {nemo} oops missed C&H on JPM

[11:12] {Threei}  it's right back into trigger

[11:12] {nemo} like New England weather, wait a minute, it'll change

[11:13] {wishbone} has anyone ever had laser error: executor connection lost, and have to log back in?

[11:13] {wishbone} happens when entering orders

[11:13] {Threei}  sign of your connection going down

[11:13] {Threei}  at some point earlier

[11:13] {wishbone} still have graphs and level 2 data

[11:14] {Threei}  yes

[11:14] {Threei}  they reconnect automatically

[11:14] {wishbone} don't know connection is lost until i try to enter order

[11:14] {Threei}  executor doesn't

[11:14] {wishbone} oh

[11:14] {wishbone} can i set alert my executor connection is lost?

[11:15] {Threei}  no idea, sorry... you'll have to ask dave

[11:15] {wishbone} ok thanks anyway

[11:15] {Threei}  JPM is trying to bounce off 26

[11:15] {nemo} And now, for a Mrs. Lincoln moment:

[11:15] {nemo} LONDON (Reuters) - Societe Generale said on Thursday that the United States' economy looks likely to enter a depression and China's could implode.

[11:15] {nemo} In a highly bearish note, veteran cross asset strategist Albert Edwards said investors should now cut equity exposure after a turn-of-the-year rally and prepare for a rout.

[11:15] {nemo} He predicted that the S&P 500 index of U.S. stocks could be set for a fall of around 40 percent from recent levels.

[11:16] {wishbone} vad do u run connection thru router or directly to modem

[11:16] {Threei}  router

[11:16] {Threei}  linksys

[11:17] {wishbone} me too

[11:17] {wishbone} r u wireless

[11:17] {_cujo} have to run an errand, c ya ina bit

[11:17] {Threei}  no wish, hardwired

[11:18] {wishbone} ya me too

[11:18] {dino}   vad, we need a few more "experts" saying sell now at -12%, that will get us to bounce. cramer complaining too

[11:18] {Threei}  I guess that's exactly what is going to happen... they all come out of the woods with grim predictions when we drop

[11:19] {Threei}  and babble like champagne when we are up 20%

[11:19] {dino} yes, remember last week dec. and first 3 dats jan. worst is over declared

[11:19] {dino} days

[11:20] {dino} happens every last week of month

[11:20] {nemo} so much for the JPM trigger.  not surprised FAZ turned up

[11:25] {lisa_jay} dltr

[11:26] {gen} hi everybody

[11:27] {Threei}  gen :)

[11:27] {gen} Vad :)

[11:28] {Threei}  RIMM

[11:28] {Threei}  starts looking like break coming

[11:28] {Threei}  if market helps of course

[11:28] {Threei}  closest support is .20

[11:37] {larisa} LLTC watching 22 break, but want market  to  bounce toomarket does not help for  

[11:37] {larisa} wow

[11:37] {larisa} wii try again :)

[11:38] {larisa} LLTC watching 22 break, but want market  to  bounce too

[11:38] {larisa} lol

[11:38] {Threei}  I dunno what the need was... I got it perfectly first time

[11:38] {larisa} ok

[11:39] {larisa} you are too nice to me

[11:39] {Threei}  I may have derived wrong meaning though

[11:39] {Threei}  there was something about steak, right?

[11:39] {lisa_jay} nuan

[11:39] {Threei}  medium raw

[11:40] {larisa} exactly

[11:40] {Threei}  anyone went for RIMM around .30, half out on this spike over .50

[11:42] {nemo} faz is looking like their might be a downleg in the financials coming

[11:42] {i2romantis} medium rare?

[11:43] {i2romantis} and Vad, are you actually planning to get some sun when at Cara's?

[11:43] {i2romantis} seems that you are in almost every session

[11:43] {Threei}  hmm?

[11:48] {Threei}  wow

[11:48] {Threei}  power interruption

[11:48] {KSystems} no wish

[11:48] {Threei}  back now

[11:48] {Threei}  what did I miss?

[11:48] {KSystems} phew

[11:48] {KSystems} welcome back :)

[11:48] {wishbone} KS i can't respond to DCC

[11:49] {nemo} 3 years have passed Rip Vad Winkle

[11:49] {wishbone} KS get this message when trying to type in DCC: /msg: insufficient parameters

[11:50] {KSystems} wish: I sent you one...please try to reply

[11:50] {wishbone} i did this is what happened........top tab reads messages...not specific to nick

[11:52] {KSystems} what version are you using?

[11:52] {wishbone} Dawg did keep on top put an icon on your desktop?

[11:53] {wishbone} ks v6.35

[11:53] {KSystems} and you get that error message when JUST typing text into a private window?

[11:53] {wishbone} yes

[11:54] {Threei}  i2r... I will have a day or two around conference

[11:54] {wishbone} ks this is what i got:

[11:54] {wishbone} [11:49:17] *KSystems* test

[11:54] {wishbone} * /msg: insufficient parameters

[11:54] {wishbone} * Use /msg in this window

[11:54] {wishbone} * /msg: insufficient parameters

[11:55] {KSystems} i have never encountered that ever before

[11:55] {KSystems} is it a clean install? no previous versions?

[11:55] {wishbone} yes

[11:56] {wishbone} when i try to dcc tab on top reads persons nick

[11:56] {KSystems} did you tweak any options or scripts? :)

[11:57] {wishbone} and in text window: Chat with nick, waiting for acknowledgement

[11:57] {KSystems} ahhh

[11:57] {KSystems} that is a native DCC...a real one

[11:57] {KSystems} that wont work

[11:58] {KSystems} when we talk about DCC we usually dont mean the real DCC, sorry for the confusion

[11:58] {KSystems} initiate a "DCC" by double-clicking the nick in the channel's nick list

[11:58] {KSystems} OR by typing /query {nick}

[11:58] {KSystems} do NOT use mIRC's designated DCC feature

[12:08] {fernp} 1,2,3...

[12:09] {Threei} Short Setup: IDCC  .90 breakdown smaller shares

[12:09] {Threei}  stop above 26.10

[12:09] {KSystems} in .88

[12:20] {Threei}  downticking despite market strength... so far so good

[12:22] {Threei}  hit 1:1 for a second... not really enough to cover

[12:22] {Threei}  unless order was in

[12:22] {KSystems} you trying to cover in full?

[12:22] {Threei}  no, want to try and partial

[12:22] {Threei}  it's really weak

[12:22] {KSystems} ok

[12:23] {Threei}  ok, half covered

[12:23] {Threei}  stop to just above b/e

[12:23] {larisa} nice

[12:23] {KSystems} still waiting at .68

[12:24] {Threei}  it hit .67, you haven't got your fill??

[12:24] {KSystems} sent order shortly after

[12:24] {Threei}  oh

[12:24] {Threei}  ok, it's coming

[12:25] {KSystems} oh come on will ya

[12:25] {KSystems} out half .68

06[12:25] * Threei sends message to unknown seller to hurry and hit KS's bid

[12:25] {Threei}  see... nice request works sometimes

[12:25] {Threei}  although I still prfere violence

[12:25] {Threei}  even though Larisa won't approve

[12:25] {nemo} man after my own heart

06[12:26] * Threei hits IDCC over the head with 2x4

[12:27] {Threei}  see??

[12:27] {Threei}  more effective!

[12:27] {nemo} Conan the Destroyer:  "What is good? To crush your enemies.  See them driven before you, and here the lamentation of their women."

[12:27] {Threei}  lol

[12:27] {nemo} The guvernator himself

[12:28] {Threei}  your discretion guys, to try for more or cover

[12:28] {Threei}  hard to tell is it has more in it

[12:28] {Threei}  dive to .50 was quick

[12:30] {Threei}  if holding, probably worth moving stop to above .80

[12:30] {Threei}  to make sure it stays positive trade no mater what

[12:32] {jmb} thanks vad idcc

[12:32] {Threei}  jmb :)

[12:33] {peterg} The historian sez: the Conan quote was originally uttered by our hero, Ghengis Khan

[12:33] {Threei}  let's try again...

06[12:33] * Threei hits IDCC over the head with 2x4 with rusty nails all over

[12:37] {Threei}  oil new day low

[12:38] {Threei}  rememer my "out on a limb" about it going under 30?

[12:38] {nemo} have to be a strong limb?

[12:38] {Threei}  nah, just need good 2x4

[12:38] {nemo} oops!

[12:40] {Threei}  stop can be trailed to .75 IDCC

[12:41] {Threei}  OK... sorry larisa, but I am firmly in violence camp

[12:41] {Threei}  it's just more effective

[12:41] {nemo} Funny, I might be going to Ulan Bator this year.

[12:41] {larisa} one day some stock will hit back

[12:41] {Threei}  kind word and gun - much more effective that just kind word

[12:42] {nemo} To live in peace, prepare for war

[12:42] {Threei}  you have 40 cents on IDCC second portion guys

[12:42] {Threei}  (if my math is correct)

[12:43] {Threei}  if not covering yet, stop to above .60

[12:44] {Threei}  tighter trailing will guarantee profit maximizing and limiting the evaporation

[12:44] {Threei}  notice how it continues downticking even during market bounce

[12:44] {Threei}  this is what moved me to prtialing instead of taking scalp

[12:46] {Threei}  nice offers

[12:47] {Threei}  and larisa... I am not convinced... some will hit back, sure... but the % of those that just don't get it when asked nicely is still higher

[12:48] {larisa} all you need is love

[12:48] {Threei}  and strawberry fields?

[12:48] {larisa} :)

[12:52] {dino}    education stocks moving up

[12:52] {nemo} ooh...didn't see rimm coming

[13:03] {KSystems} IDCC - in .88 - out 1/2 .68 - out rest .62

[13:03] {KSystems} thank you

[13:04] {larisa} good job KS

[13:04] {KSystems} thank you larisa

[13:04] {KSystems} small lot though

[13:04] {larisa} thats ok, day is tough

[13:05] {Threei}  it called for a smaller lot, a bit on a thin side

[13:05] {Threei}  one of those that if went against you, could be devastatingly explosive

[13:07] {larisa} now you tell us :)

[13:07] {dino} gj

[13:07] {Threei}  why, I said smaller shares from the get-go :)

[13:09] {Threei}  (RU) USGS: MAGNITUDE 7.7 EARTHQUAKE HAS STRUCK NEAR RUSSIA'S KURIL ISLANDS

[13:09] {Threei}  - no tsunami warning issued

[13:10] {KSystems} hey guys here is a message from mibbit concerning the disconnect yesterday

[13:10] {KSystems} Sorry for the recent downtime

[13:10] {KSystems} The latest updates to Mibbit, along with the growth, have meant that things are slightly less stable than they should be.

[13:10] {KSystems} There may be a couple more restarts in the next day or 2, to get things running smoothly.

[13:10] {KSystems} Thanks in advance for your patience 

[13:10] {Threei}  oh just install that mirc already and fortget it aall :)

[13:11] {KSystems} yes

[13:16] {Threei}  want AMZN long

[13:16] {Threei}  and struggle with choice

[13:16] {Threei}  between b reak and pullback

[13:17] {Threei}  break of .55 if holding .40

[13:17] {Threei}  not my favorite

[13:17] {Threei}  or pullback into .35 area

[13:17] {Threei}  with stop under .25

[13:17] {KSystems} break it is, then

[13:17] {KSystems} in .57

[13:20] {Threei}  wow PALM

[13:23] {Threei}  come on market, time to bounce and break

[13:24] {Threei}  bounce is good... now break

[13:25] {Threei}  US) CALIFORNIA GOV SCHWARZENEGGER: REITERATES CALIFORNIA FACES INSOLVENCY WITHIN WEEKS, IS IN "STATE OF EMERGENCY" - STATE OF STATE ADDRESS

[13:25] {Threei}  - California has been incapacitated by budget crisis, calls on lawmakers to work the problem out together.

[13:25] {Threei}  wow... what obedience by market

[13:26] {Threei}  unfortunalely not for long, lol

06[13:29] * Threei kicks AMZN in the rear with heavy duty army boots

[13:29] {Threei}  1:1

[13:29] {peterg} connect mirc via eu.undernet.org (6667) is this correct?

[13:30] {peterg} of course cnctn rejctd

[13:30] {Threei}  eu.undernet.org??

[13:30] {Threei}  no

[13:30] {KSystems} nope peterg

[13:30] {KSystems} must be irc.jastech.de (6667)

[13:30] {Threei}  out AMZN .93

[13:30] {peterg} so why mirc no take jastech

[13:30] {KSystems} type /server irc.jastech.de

[13:30] {peterg} i have inserted it 50 times

[13:30] {peterg} no joy

[13:31] {_cujo} great call Vad

[13:31] {Threei}  yeah, I have my moments

[13:31] {Threei}  lol

[13:31] {Threei}  out yet ks?

[13:31] {_cujo} ;)  hopefully more moments to come

[13:31] {KSystems} nope

[13:31] {KSystems} half still in

[13:31] {Threei}  50 cents from your entry

[13:31] {jmb} thanks vad

[13:31] {Threei}  welcome :)

[13:32] {larisa} LLTC nice on 22 break

[13:33] {larisa} I took it on pullback to .80 though and sold at 22 :)

[13:33] {larisa} lol

[13:33] {Threei}  it spiked into 22 sharply larisa

[13:33] {Threei}  can't blame you

[13:33] {larisa} right

[13:33] {Threei}  maybe I'd partyial aggressive position into that,

[13:34] {Threei}  but no way I'd take that break

[13:34] {KSystems} AMZN - in .57 - out 1/2 .76 - out rest .10

[13:34] {KSystems} thank you vad

[13:34] {Threei}  beautiful trade ks

[13:34] {Threei}  welcome

[13:34] {KSystems} beautiful call 3i

[13:34] {KSystems} :)

[13:34] {Threei}  with these two, IDCC and AMZN, we sem to finally break this pattern of dull days with thousand of papercuts

[13:35] {KSystems} I begin to discover the delights of manual stops and exits instead of automatic ones

[13:35] {Threei}  haha

[13:35] {i2romantis} green is such a beautiful colour!

[13:36] {Threei}  not that it was a long standing pattern,

[13:36] {Threei}  started just this monday

[13:36] {Threei}  but annoying nonetheless

[13:37] {Threei}  watching how little DRYS did on this market move, I have to conclude that our momo mover is probably done for now

[13:37] {Threei}  gotta look for another

[13:37] {Threei}  they all work for a while, then become boring

[13:38] {Threei}  used to be UAUA

[13:38] {peterg} How exit and remove nick from mibbit list?

[13:38] {KSystems} peterg have you closed the mibbit window?

[13:38] {Threei}  now it can't wealk 5 steps without crotches

[13:38] {peterg} did but was stopped

[13:38] {peterg} nick in use

[13:38] {peterg} just close window?

[13:39] {KSystems} yep

[13:39] {peterg} k

[13:41] {KSystems} Peter :)

[13:41] {KSystems} congrats

[13:42] {Peterg} jss h krst!

[13:42] {Peterg} is this it?

[13:42] {KSystems} yeah

[13:42] {Peterg} No memory & funny type

[13:43] {Peterg} well that was a four hours (i exaggerate slightly) well spent

[13:43] {Peterg} would some one else talk so I believe I have arrived?

[13:43] {KSystems} what was the error?

[13:43] {Threei}  lol peter

[13:43] {Peterg} I think I never got jastech selected as server

[13:43] {Threei}  congratulations

[13:44] {Threei}  didn't ckicl Add as last step probaly?

[13:44] {Peterg} not sure dont care

[13:44] {Peterg} lets party

[13:44] {Peterg} can I change the font?

[13:44] {Threei}  break out the vodka

[13:44] {Threei}  yes... right click on button #discussions

[13:44] {Threei}  Font

[13:45] {Threei}  nice market rally

[13:45] {Threei}  there was more to be had, aside of AMZN... RIMM, DRYS etc

[13:46] {Threei}  but you'll understand my hesitation to overpush it after three lackluster days

[13:46] {Peterg} Also thanks to gentleman fernp, for assistance in wilderness

[13:46] {Threei}  thank you all guys for help

[13:46] {Threei}  KS, geo, jmb, fernp

[13:46] {Peterg} you tood vad 

[13:46] {Peterg} too

[13:46] {Threei}  group hug

[13:47] {Threei}  love is in the air

[13:47] {Peterg} way to go

[13:47] {Threei}  strawberry fields forever

[13:47] {Threei}  especially considering fire-dousing mode we found ourselves with old server crash

[13:48] {lisa_jay} CPKI

[13:48] {Threei}  great job with mutual support

[13:48] {Threei}  FED'S LOCKHART: REITERATES MARKETS AND ECONOMY MAY STABILIZE IN 2H09

[13:48] {Threei}  see, Lockhart is happy too

[13:49] {Threei}  Lockhart's plot... for Bolshevok revolution history buffs...

[13:49] {Threei}  ) HAMAS REPORTEDLY WOULD AGREE TO A ONE-YEAR CEASE FIRE THAT INCLUDES OPEN ALL GAZA CROSSINGS

[13:49] {Threei}  - no comments from Israel yet on possible cease fire agreement

[13:49] {Threei}  even in that corner of the world there is some silver lining

[13:50] {Threei}  one party pooper:

[13:50] {Threei}  FED BOARD NOMINEE TARULLO: DEFLATION IS A BIGGER THREAT THAN INFLATION AT THIS TIME

[13:50] {Threei}  - commenting at his confirmation hearing today; Tarullo is slated to replace Kroszner on the Fed board

[13:52] {Threei}  NQ went green briefly

[13:52] {Peterg} two things: first name now capitalized

[13:52] {Peterg} how shrink margin on left of outer box

[13:53] {dino} pcln rocking

[13:54] {dino} mcd green

[13:54] {Threei}  pullback is coming but we are probably not done yet

[13:55] {Threei}  DRYS is worth consideration near 14

[13:55] {Threei}  APOL

[13:55] {Threei}  HEARING MORGAN STANLEY MAKING POSITVE COMMENTS ON EDUCATION STOCKS (TIMING UNCERTAIN)

[13:55] {Threei}  - Note cites details on funding for student loans in draft stimulus bill.

[13:55] {Peterg} no timestamp for remarks on mirc?

[13:56] {Threei}  right click on the same button

[13:56] {Threei}  Timestamps in menu

[13:56] {KSystems} dawg

[13:56] {KSystems} any luck yet?

[13:57] {Peterg} got it

[13:58] {Threei}  SQNM

[13:58] {Threei}  scary one

[13:59] {Threei}  25 break

[13:59] {Threei}  smallish shares, really dangerous

[13:59] {_cujo} where stop on that one if breaks 25?

[14:00] {Threei}  low of the pullback before break

[14:00] {Threei}  so far .80

[14:00] {Peterg} old mirc would dominate; new one disappears beneath laser; keystroke sensitivity issue any ideas?

[14:00] {Threei}  right click on blue bar on top of mirc

[14:00] {Threei}  check the line On Top

[14:01] {Peterg} tks

06[14:01] * KSystems proposes vad to create a mirc knowledge base

[14:02] {Threei}  probably some customization tips

[14:02] {Threei}  on the most FAQs

[14:03] {KSystems} yep

[14:07] {KSystems} in sqnm

[14:07] {Threei}  DRYS, I take my words back

[14:07] {Threei}  you are still capable one

[14:07] {KSystems} stop still .80 or .90 vad?

[14:08] {Threei}  .80

[14:08] {Threei}  market pulls back...

[14:08] {Threei}  I'd like to see more enrthusiasm on this kind of break

[14:08] {Threei}  really huge offer got taken

[14:09] {Threei}  no go

[14:09] {KSystems} stopped

[14:09] {Threei}  most likely just a shake

[14:09] {Threei}  but risk is too high

[14:12] {Peterg} awfully fat Left Hand margin; how shrink ?

[14:12] {Peterg} does anyone have a small mirc box?

[14:13] {Peterg} hah

[14:14] {wishbone} peter

[14:14] {Peterg} yah wish

[14:14] {wishbone} right click top blue bar

[14:15] {Peterg} k

[14:15] {wishbone} select view and uncheck treebar

[14:15] {dptl} or use compact mode

[14:15] {wishbone} no not compact mode

[14:17] {Peterg} treebar? Only got move size minimize maximize

[14:17] {dptl} why not

[14:17] {Threei}  peter, menu - view

[14:17] {wishbone} sorry dp thought that was peterg

[14:18] {Peterg} im getting it thanks to all. Further group hugs soon

[14:19] {dptl} that compact mode will save some space...nice feature,didn't have it in ald version

[14:19] {dptl} old

[14:22] {Peterg} The long night is finally ending; I have mirc, small, adhesive and timed.

[14:22] {Peterg} and vad......

[14:22] {Peterg} if you ever put me through this again..........

[14:22] {Threei}  lol

[14:23] {Threei}  how is it my fault... :)

[14:23] {Peterg} you da owner; everything is your fault

[14:23] {Peterg} My son knows whenever anyhthing goes wrong its his fault

[14:23] {Peterg} You will learn in time

[14:24] {Peterg} Goind for a celebratory chocolate bar & diet coke BRB

[14:29] {Threei}  C

[14:29] {Threei}  COMPANY OFFICIALS DENY ANY TALKS REGARDING NATIONALIZATION - CNBC'S GASPARINO

[14:31] {dino} sounds familiar....denied no funds needed, etc

[14:31] {Threei}  very

[14:35] {Peterg} OK; Hershey's SKOR chocolate with crisp butter toffee;

[14:35] {Peterg} Diet Coke with Lime

[14:35] {dino} good bye common stock

[14:35] {Peterg} taste extravaganza

[14:35] {Peterg} Now taking recommendations for best font contest

[14:36] {KSystems} wingdings

[14:36] {KSystems} size 172

[14:36] {KSystems} bold

[14:36] {dino} mmmmmmm

[14:36] {KSystems} green on yellow, please

[14:37] {Peterg} wingdings wow!

[14:38] {nemo} yodels

[14:39] {hawkfan4} 1/2 out SQNM +1.15

[14:39] {lisa_jay} wow

[14:39] {Threei}  that's indecent

06[14:39] * Threei slaps hawkfan4 around a bit with a large roll of cash

[14:39] {i2romantis} what a nice green day!

[14:39] {hawkfan4} :) 

[14:40] {dino} gj hawk

[14:40] {Peterg} wtg

[14:41] {hawkfan4} thanks

[14:42] {hawkfan4} keeping it tight on the rest, don't know if it can break the 25 strike this week

[14:42] {nemo} Yeah, see how Chavez is brownnosing the Oil companies again

[14:47] {dino} c'mon another 100 pts

[14:48] {dino} need 400 range

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

[14:48] {KSystems} dino: you dont trade below?

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

[14:49] {dino} ks?

[14:49] {KSystems} j/k "[20:47] {dino} need 400 range", and you didnt post a trade today i think ;)

[14:49] {Threei}  ok... really time for pullback

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

[14:50] {patience} out slw (cdn) +.65   nice slow, steady ride up

[14:50] {dino} traded, but no posts, my entries have been off, working ot out

[14:50] {KSystems} oh i see

[14:50] {dino} got caught by the 8100 break

[14:51] {dino} magoo is showing a house he has for sale

[14:51] {patience} that's important...but he must be missing us terribly

[14:52] {Peterg} dawg, you m ade it onboard?

[14:52] {hawkfan4} out the rest +1.32

[14:52] {dino} yeah, he's complaining. he had to snow plow this morning, stopped in for lunch and split to house

[14:52] {dino} nice hawk

[14:52] {hawkfan4} thanks, getting back into the swing of things

[15:05] {i2romantis} wow halk, very well done!

[15:05] {i2romantis} hawk*

[15:05] {hawkfan4} thx I2

[15:06] {_cujo} test

[15:06] {_cujo} just got disconnected. 

[15:11] {dawg} no peter thought i would work on it after close

[15:11] {dawg} KS has been helping also 

[15:13] {Peterg} good luck

[15:14] {dawg} what a nightmare!

[15:14] {dawg} it is more frustrating then trading

[15:14] {Threei}  jeez

[15:15] {dawg} will not quite that bad Vad but not going to give up KS  has new video coming out

[15:16] {Peterg} what makes it worse is knowing everybody is together having fun making money and you are in prison in the doghouse in hell in purgatory no sound no voice no music money or joy

[15:17] {dawg} you got it in particular these last few days

[15:17] {Peterg} it quickly becomes personal, even though you know you are being paranoid

[15:19] {dawg} Yes so true

[15:19] {Threei}  why paranpid... it is personal

[15:19] {Threei}  we made a point not to make it easy for you two

[15:19] {Threei}  market spike

[15:19] {Threei}  in DRYS

[15:19] {Threei}  stop under .50

[15:22] {Threei}  come on, one more leg for rally

[15:23] {dptl} gn all

[15:23] {Threei}  take care dp

[15:24] {Threei}  nah... tired

[15:24] {Threei}  unless bounces from here, done

[15:28] {Peterg} ks, did you tell someone how to skip departure notes being printed on mirc? 

[15:29] {Peterg} remember how elegant and simple old mirc was?

[15:29] {Peterg} except for occ. dump problems.

[15:29] {Peterg} so we are here for.....stability?

[15:31] {dptl} right klick on channel----events,Peter

[15:32] {Peterg} channels list?

[15:32] {dptl} no,floor or discission 

[15:33] {dptl} r cklick on top of discission window

[15:34] {dptl} and then select events

[15:34] {Peterg} k

[15:35] {Peterg} and hide them

[15:35] {Peterg} ?

[15:35] {lisa_jay} Is monday a holiday for markets?  Thanks.

[15:35] {dptl} hide whatever you don; want to see

[15:35] {Peterg} got it thanks

[15:36] {dino} yes dp

[15:36] {dptl} ?

[15:37] {dino} opps lisa, yes holiday

[15:38] {lisa_jay} thanks Dino.

[15:38] {dino} c'mon 3:40 

[15:42] {Peterg} hey dawg, just wrote you

[15:43] {dino} amed

[15:43] {Peterg} gotta get that first server choice right

[15:43] {nemo} armchair quarterbacking, but people booking profits after such a swing makes sense

[15:43] {Peterg} also I think choice seven is incorrectly written; I think you choose options from beneath connect/servers, not through tools

[15:44] {Peterg} fire alalrm just went off in building.

[15:44] {Peterg} I think i'll stay put

[15:44] {Peterg} bet its false

[15:44] {Threei}  it's the same spot peter... just twoways to arrive there

[15:45] {Peterg} i had trouble with it it pulled up a previously selected screen

[15:45] {Peterg} the #6 screen

[15:48] {Threei}  PALM is pretty unbelieavble

[15:48] {Threei}  I was sure it was so done, you could put a fork in it

[15:49] {Peterg} What is the line between 1445 and 1448?

[15:49] {_cujo} repeating you wow about palm...

[15:50] {Peterg} pagination?

[15:53] {Threei}  quite amazing day

[15:53] {Threei}  good to see market regained stamina

[15:53] {patience} was very nice in the afternoon

[15:54] {Threei}  even if we are to see more of downside, the ability to stage such comebacks tells volumes about underlying impatience of the sideline money to jump into action

[15:55] {dino} 3i, forever the optimist

[15:55] {larisa} 7 down days.. i say they are too patient :)

[15:55] {Threei}  they waited for dino's support level

[15:55] {patience} i think it is jack be nimble, jack be quick trading types...not here to build up a big rally

[15:55] {Threei}  not yet

[15:56] {nemo} I'll let you know the next time I have to lie down to get the rally started

[15:56] {Threei}  but this is different from time when we saw weeks of this relentless selling

[15:56] {dino} they blew through it on dji, i must start using s&p more. it is much more supoortive. dji going by wayside, imo, getting sort if irrelevent

[15:56] {Threei}  cycles shorten

[15:56] {Peterg} stock transfer tax talked up in NYT

[15:57] {nemo} dji is weighted towards larger stocks.  Kinda' useless

[15:57] {Peterg} yesterday

[15:57] {Peterg} make the speculators pay

[15:57] {dino} agree w/you nemo

[15:57] {dino} speculators are not the problem. the boards and ceo's are the problem

[15:58] {nemo} and the market structure

[15:58] {dino} without speculation, there are no markets

[15:58] {Peterg} Sadam used to say, if there is a person, there is a problem

[15:59] {Threei}  guess who he took the words from

[15:59] {Peterg} ?

[15:59] {nemo} stalin

[15:59] {Threei}  yup

[15:59] {Peterg} birds of a feather

[15:59] {nemo} Georgy was his hero. Had a room dedicated to him.

[16:00] {Peterg} right, now that you mention

[16:00] {Threei}  Joseph you mean

[16:00] {Peterg} Palm ends up at .14

[16:00] {Threei}  amazing strength

[16:00] {nemo} I think it was a nickname because he was Georgian

[16:00] {Peterg} thnks all group hug day job calls cu tmo

[16:00] {Threei}  nickname was Koba

[16:01] {wishbone} good nite all

[16:01] {Threei}  ok guys, thank you all

[16:01] {Threei}  have a good nigh, see you tomorrow

[16:01] {larisa} see you :)

[16:01] {hawkfan4} thx vad, all

[16:01] {KSystems} bye everybody

[16:01] {nemo} take care

[16:03] {dawg} Peter is this a good time to email you?

[16:07] {dino} thx all

[16:14] {dino} test

[16:14] {dino} am i in?

[16:14] {_cujo} you are in

[16:14] {dino} so i finally got it right

Jan 14 2009

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

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

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

[08:01] {Threei}  Good morning

[08:03] {magoo} morning

[08:03] {Threei}  magoo :)

[08:03] {Threei}  any luck with mirc?

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

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

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

[08:04] {Onix} Good morning all

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

[08:04] {Threei}  onix :)

[08:04] {magoo} i deleted it

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

[08:10] {Threei}  nemo :)

[08:11] {Onix} hi nemo

[08:11] {nemo} onix :)

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

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

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

[08:13] {Threei}  mags?

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

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

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

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

[08:15] {magoo} sorry phone call

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

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

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

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

[08:21] {_cujo} Good monring all. 

[08:21] {Threei}  cujo :)

[08:22] {_cujo} morning

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

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

[08:26] {Threei}  larisa :)

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

[08:28] {Threei}  ese :)

[08:28] {Threei}  see what DRYS does?

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

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

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

[08:29] {Threei}  good to hear ese :)

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

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

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

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

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

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

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

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

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

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

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

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

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

[08:41] {Threei}  08:24am

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

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

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

[08:41] {i2romantis} bancruptcy

[08:42] {ese} wow

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

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

[08:42] {i2romantis} from .31

[08:42] {ese} whats the symbol

[08:42] {i2romantis} nt

[08:43] {ese} tks

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

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

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

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

[08:48] {magoo} nope

[08:48] {ese} bought

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

[08:48] {cosmo} eric

[08:52] {gen} gm all

[08:53] {gen} Vad :)

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

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

[08:59] {KSystems} brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[08:59] {cosmo} good luck mags

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

[09:00] {_jamie} cool

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

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

[09:01] {wishbone} good morning

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

[09:01] {Threei}  wish :)

[09:01] {ese} wish

[09:01] {dptl} gm all

[09:01] {Threei}  dp :)

[09:01] {wishbone} hi ese

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

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

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

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

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

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

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

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

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

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

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

[09:04] {_jamie} wow

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

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

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

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

[09:04] {ese} head shop?

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

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

[09:05] {Threei}  hmm?

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

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

[09:06] {Threei}  pressure pressure

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

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

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

[09:06] {lisa_jay} Good morning RealityTraders

[09:06] {_jamie} Lisa_Jay!

[09:06] {Threei}  lisa :)

[09:06] {_cujo} morning Lisa

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

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

[09:07] {elepet} Good morning

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

[09:07] {ese} ele  .......

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

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

[09:08] {lisa_jay} Hi guys.

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

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

[09:08] {fernp} hello everybody

[09:08] {magoo} used to use one 

[09:08] {Threei}  fern :)

[09:08] {magoo} stuck same place

[09:09] {ese} fern

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

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

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

[09:10] {ese} Mehhh heeee cohhh

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

[09:10] {ese} nice holiday?

[09:10] {Threei}  ??

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

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

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

[09:11] {dino} .

[09:11] {KSystems} magoo you can

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

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

[09:11] {Threei}  dino :)

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

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

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

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

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

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

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

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

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

[09:13] {dino} gm all

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

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

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

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

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

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

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

[09:16] {Threei}  be back in 5

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

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

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

[09:17] {geo} gm fellow speculators

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

[09:17] {_jamie} Geo

[09:18] {_cujo} morning Geo

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

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

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

[09:20] {dino} ua blood

[09:20] {KSystems} hey geo

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

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

[09:21] {Threei}  geo :)

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

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

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

[09:22] {Threei}  risky one

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

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

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

[09:22] {elepet} and mine.

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

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

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

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

[09:24] {peterg} ditto

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

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

[09:24] {KSystems} yeah

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

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

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

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

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

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

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

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

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

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

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

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

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

[09:32] {peterg} I not frustrated

[09:33] {KSystems} in pld

[09:33] {magoo} in

[09:34] {magoo} long Q here

[09:34] {magoo} stop .97

[09:35] {Threei}  PLD 1:1, half out

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

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

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

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

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

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

[09:37] {geo} no

[09:37] {Threei}  ?

[09:37] {Threei}  it hit .78

[09:37] {dino} 8118 dji dec lows

[09:37] {geo} .85 1:1 no?

[09:38] {KSystems} PLD - in .67 - out 1/2 .74 - out rest .53

[09:38] {dptl} 1: is .85 no?

[09:38] {Threei}  .60 + .15 = .75

[09:38] {Threei}  no?

[09:39] {dino} 818 S&P, 1096 NDX

[09:39] {KSystems} [15:32] {&Threei} Long Setup:  PLD  .65 if stays above .45

[09:39] {dptl} 65 if stays above 45

[09:39] {geo} .20 stop

[09:39] {Threei}  what the... I thought I tyoed .60 break

[09:39] {Threei}  sorry guys

[09:39] {lisa_jay} sqnm

[09:40] {dptl} stopped pld

[09:41] {KSystems} one of the rare occasions when mistake pays out...

[09:41] {Threei} Long Setup:  DRYS  .50 break

[09:41] {magoo} in drys .45

[09:41] {KSystems} in drys

[09:42] {KSystems} stop?

[09:42] {Threei}  stop under .35 for hardcore scalpers

[09:42] {Threei}  I'd prefer a bit wider one on this but gotta decrease size then

[09:42] {Threei}  with market help it's capable of more than scalp

[09:43] {Threei}  market help is questionable thing though

[09:43] {Threei}  makin higher lows so far

[09:44] {dino} WHOOSH COMING

[09:44] {Threei}  yeah

[09:44] {Threei}  grrr

[09:44] {KSystems} stopped drys

[09:44] {dptl} stopped

[09:45] {Onix} stopped drys

[09:45] {_jamie} the market's crashing

[09:46] {geo} patience here?

[09:46] {geo} no

[09:46] {_jamie} Nemo get me my life preserver

[09:47] {_jamie} Unfortunately Mibbit doesn't support that yet.

[09:47] {_jamie} Mibbit the strange rabbitt

[09:47] {dino} it's a frog

[09:48] {nemo} frabbit? rabbog?

[09:49] {nemo} sqnm double bottom?

[09:49] {Threei}  too far from bottom for entry here

[09:49] {nemo} ty va

[09:49] {nemo} "d"

[09:50] {Threei}  has potential for 24.50 or so, just too hgh risk

[09:50] {_jamie} SQNM is an FDA play

[09:50] {nemo} bounced on acquisition announcement yesterday and will bounce on trials at eom

[09:51] {Threei} Short Setup: ADBE  .50 break if stays under .60

[09:51] {KSystems} in

[09:52] {nemo} stop on adbe?

[09:52] {Threei}  if stays under .60 - meaning both, condition for entry and for stop placement

[09:53] {nemo} ty

[09:57] {dino} eqix sm l .98, risky wide stops today

[09:57] {dino} mcd sm l .85 same deal

[09:59] {dino} rate afam algt rimm all pos.

[09:59] {dino} itri

[10:00] {Threei}  NOV BUSINESS INVENTORIES: -0.7% V-0.5%E

[10:02] {Threei}  market doesn't look like it wants down anymore

[10:02] {_jamie} adbe don't seem to have any "down" in it

[10:02] {Threei}  no

[10:02] {Threei}  covered

[10:02] {KSystems} adbe stopped

[10:02] {dptl} stopped adbe

[10:02] {_jamie} momofuko!

[10:02] {_jamie} hehehehe

[10:02] {_jamie} i HATRE that

[10:03] {_jamie} stopout!

[10:03] {Threei}  who doesn't

[10:03] {_jamie} caramba

[10:03] {dino} apol

[10:03] {_jamie} mama mina!

[10:03] {Onix} stopped ADBE

[10:03] {dino} battleground

[10:04] {fernp} EXPE holding well on highs

[10:04] {Threei}  RIMM

[10:05] {Threei}  pullback long around .80

[10:05] {magoo} cramer mentioned it pos

[10:05] {_jamie} RIMM looks potentially very interesting

[10:06] {dino} isrg 52 week low

[10:08] {ese} bstop ZGEN .30

[10:08] {KSystems} didnt get rimm vad, still valid?

[10:09] {Threei}  yes, with stop under .60, but use market strength for entry

[10:09] {Threei}  not on price alone

[10:09] {KSystems} ok

[10:10] {ese} 1/2 L zgen filled .28 cool

[10:10] {Threei}  good pullback

[10:10] {ese} stop .18 

[10:11] {fernp} breakout NVDA Vad?

[10:11] {lisa_jay} APOL

[10:11] {Threei}  as much as breakouts can be trusted today...

[10:12] {cosmo} ERIC hod = 7.02   ...so far

[10:12] {Threei}  market just can't make up its mind

[10:13] {dino} going to find out here

[10:14] {cosmo} looks mindless to me...

[10:14] {_jamie} vad, market is belching again...market ate chili last night

[10:15] {Threei}  I don't know how much of it it must have eaten to act like this

[10:15] {_jamie} there is a ferocity to the selloffs lately 

[10:16] {fernp} Thanks Vad. NVDA was a trap

[10:16] {Threei}  yeah, market saw to it'

[10:16] {nemo} with the ass whippin' over the last few months, nobody is taking chances

[10:17] {cosmo} give it a week more ...

[10:17] {nemo} adbe setting up again?

[10:17] {Threei}  it's this period of political posturing nemo

[10:17] {Threei}  same as with original TARP

[10:18] {nemo} inaugurational no-man's land

[10:18] {Threei}  can't tell ADBE

[10:18] {Threei}  no clean chart

[10:19] {fernp} double bottom or good moment for a quick short on QQQQ?

[10:19] {cosmo} obamarational

[10:19] {Threei}  looks like short to me

[10:19] {geo} patience dcc pls

[10:19] {fernp} me too

[10:21] {ese} zgen   stopped -.10 1/2 lot

[10:22] {nemo} mmmhhh?  oil inventories soon

[10:22] {Threei}  US TREASURY SEC NOMINEE GEITHNER'S SENATE HEARING MOVED TO JAN 21 FROM JAN 15

[10:25] {dino} -9% dji, -8% ndx, -10% s&p in week

[10:25] {lisa_jay} TEVA

[10:27] {dino} wonder why...not

[10:27] {dino} new senate swore in

[10:30] {nemo} mmmhhh? S&P flirted in the 845 area, see if it holds

[10:30] {dino} beat spike

[10:30] {Threei}  DOE CRUDE: +1.14M V +2.5ME

[10:30] {Threei}  GASOLINE: +2.07M V +2ME; DISTILLATES: +6.35M V +1ME; UTILIZATION: 85.2% V 84.1%E

[10:31] {Threei} Short Setup: RIMM  .40 break if stays under .55

[10:31] {nemo} WOW! well, at least the refineries won't have any problem doing maintenance this year.

[10:32] {KSystems} in RIMM

[10:32] {fernp} RIMM no available here

[10:32] {Threei}  1:1 in a hurry

[10:32] {nemo} nice vad

[10:33] {Threei}  half or scalp

[10:33] {Threei}  your choice

[10:33] {Threei}  covered half .21

[10:33] {_cujo} thanks Vad

[10:33] {Threei}  out baalance

[10:33] {Threei}  .07

[10:33] {Threei}  welocme cujo

[10:34] {Threei}  finally nailed something decent

[10:34] {KSystems} RIMM - in .39 - out 1/2 .25 - out rest .10

[10:34] {Threei}  wtg KS

[10:34] {KSystems} you have my permission to go ahead like that vad

[10:35] {Threei}  I just wanted to ask

[10:35] {KSystems} you better do

[10:35] {geo} hmmm

[10:35] {geo} we have a new admin in town

06[10:35] * geo bows and scrapes

[10:36] {Threei}  {KSystems} you better

[10:36] {nemo} ooohhh, ride that baby down

[10:37] {nemo} looks like oil might have taken down the market

[10:37] {Threei}  looking for bounce scalp RIMM

[10:37] {fernp} out QQQQ +.15 (too slow to be a quick scalp)

[10:37] {Threei}  a bit overextended

[10:37] {nemo} just got a hangman

[10:38] {Threei}  hey, I might get that bid at 14.01 on DRYS filled

[10:38] {Threei}  not sure I still want it though, lol

[10:38] {Onix} :)

[10:39] {nemo} nope

[10:39] {wishbone} rimm ty vad

[10:39] {Threei}  welcome wish

[10:39] {wishbone} held on to that

[10:40] {Threei}  how much did you get??

[10:40] {wishbone} 62

[10:40] {Threei}  and be informed, we do have policy of trouting for indecent profits

[10:40] {wishbone} on last 1/4

[10:40] {nemo} ay comrade

[10:40] {nemo} how do you define "indecent"?

[10:40] {Threei}  .62 is not very decent... but OK, this time you are forgiven

[10:40] {Threei}  sin no more though

[10:41] {Threei}  OK, watchi for double bottom RIMM

[10:41] {Threei}  holding above .50 is precondition

[10:41] {Threei}  market strength is needed (I know, tall order)

[10:42] {Threei}  jumped...

[10:42] {Threei}  tough to find entry, had to go on pure faith

[10:42] {dino} gj wish

[10:42] {wishbone} ty dino

[10:43] {lisa_jay} SQNM sold off 

[10:43] {dptl} .

[10:45] {nemo} almost 300 down on the dow-feels...normal...

[10:45] {Threei}  feels Octoberish

[10:47] {Threei} Long Setup:  RIMM  .55 if stays above .40

[10:47] {Threei}  discretionary one

[10:47] {Threei}  kind of "could take a few tries"

[10:49] {Threei}  half out .72

[10:49] {Threei}  stop to .49

[10:51] {Threei}  stop to .55

[10:52] {Threei}  out in full .95

[10:52] {Threei}  +.38

[10:52] {fernp} excellent Vad. ty

[10:52] {Threei}  life looks a bit brighter

[10:52] {Threei}  fern :)

[10:52] {dino} gj

[10:53] {nemo} give it a minute, vad

[10:53] {KSystems} RIMM - in .59 - out 1/2 .69 - out rest .95

[10:53] {Threei}  ks :)

[10:53] {Threei}  lol nemo, eternal optimist eh?

[10:53] {nemo} realist. use psychological vaseline at all times

[10:57] {Threei}  this dive to .50 was so quick on RIMM, I didn't have a chance to even start typing alert

[10:58] {nemo} adbe setting up?

[10:58] {Threei}  for .31 long trigger?

[10:59] {nemo} you asking or telling?

[10:59] {Threei}  elaborating on your question :)

[10:59] {nemo} yes, for long-that's what I was thinking...I think I was thinking

[11:00] {Threei}  I like your thinking

[11:00] {Threei}  I think

[11:00] {Threei}  chart wise it's a valid setup

[11:00] {nemo} so, you belong in an institution also?:)

[11:00] {Threei}  with stop under .20

[11:00] {Threei}  belong??

[11:00] {Threei}  I run it!

[11:00] {Threei}  main question with this setup is,

[11:00] {Threei}  whether market is ready to start recovery

[11:01] {nemo} ahhh, inmates running the asylum-well the nas looks like it's fighting to climb

[11:01] {nemo} oh, good movie 9th configuration

[11:01] {nemo} eh..setup might be keeling over

[11:03] {dino} pattern says start buying around these levels, selling around 9000

[11:04] {nemo} missed drys double bottom with hangman

[11:11] {Threei}  DRYS is not making new lows with market

[11:11] {nemo} if rimm holds bottom?

[11:11] {Threei}  unlikely to go up without market help but firmed enough to be a long candidate on bounce

[11:12] {Threei}  RIMM's bottom is under .30

[11:12] {Threei}  need a trigger

[11:13] {nemo} nas droppin'

[11:13] {Threei}  mostl;y it looks like it's oing to revisit the low

[11:13] {nemo} oops

[11:13] {Threei}  there

[11:13] {nemo} almost a schadenfreude

[11:14] {Threei}  DRYS kept above .60 so afr

[11:15] {Threei}  and topping out around .67

[11:15] {Threei}  so... play starts shaping up

[11:15] {nemo} look at rimm

[11:15] {Threei}  .68 - .70 long if holding .60

[11:16] {Threei}  I just dodn't see how to structure RIMM play during that sharp drop

[11:17] {Threei}  it would be simply buying into selloff arbitrarily

[11:17] {Threei}  not my idea

[11:18] {dptl} in drys .69

[11:18] {nemo} ind drys .68

[11:18] {KSystems} in drys

[11:18] {nemo} check that not in was ready

[11:18] {nemo} now in 

[11:19] {Threei}  huh RIMM

[11:20] {Threei}  it starts moving against the market

[11:20] {Threei}  backing off, no leading indicator for it

[11:20] {nemo} adbe getting to break?

[11:20] {Threei}  if anything, it's a short

[11:20] {Threei}  RIMM that was

[11:21] {Threei}  I am not jazzed about it nemo...

[11:21] {nemo} ty

[11:21] {Threei}  NQ went up 7 points, ADBE couldn't make couple cent?

[11:21] {Threei}  just what kind of move does it want from market and how likely are we to get that kind of move?

[11:22] {nemo} tna

[11:22] {Threei}  maybe it's just delayed

[11:22] {Threei}  slow

[11:22] {Threei}  retarded

[11:22] {nemo} sorry, two computers

[11:22] {nemo} stop calling me names!

[11:22] {Threei}  soprry... Larisa already told me I am too rude

[11:22] {nemo} hurt my feelings :(

[11:22] {Threei}  half out DRYS, over 1:1

[11:23] {nemo} out drys +.10

[11:23] {nemo} don't trust market

[11:23] {dptl} out half .+.10 ty

[11:23] {Threei}  can't blame you

[11:24] {nemo} i have issues

[11:24] {Threei}  but I have this naive faith in humanity

[11:24] {Threei}  so I will offer the rest above .90

[11:24] {Threei}  and close my eyes

[11:24] {nemo} looks like you might be vindicated

[11:24] {Threei}  and wait for machnine-gun-like sound of order getting filled

[11:24] {dino}   don't bet this, but gut feel is end green

[11:25] {nemo} you have sound effects with laser

[11:25] {Threei}  yes sir

[11:25] {Threei}  and can share

[11:25] {nemo} please.  look at adbe

[11:25] {Threei}  I don't want to

[11:25] {nemo} can't force you

[11:26] {nemo} it's your bat, ball, and field

[11:26] {Threei}  that's a welcome relief from magoo's approach

[11:26] {nemo} which is?

[11:26] {Threei}  he phones me and calls me names if I don't do what he tells me

[11:26] {nemo} he's got a rifle

[11:26] {KSystems} how rude

[11:27] {Threei}  rude and proud of it

[11:27] {nemo} nicht geduldig, ksystems

[11:27] {Threei}  US) HOUSE MAJORITY LEADER HOYER (D): EXPECTS THE HOUSE TO PASS THE TARP RENEWAL BILL TODAY, SEES SENATE VOTING ON BILL SOME TIME THIS WEEK

[11:27] {KSystems} ganz und gar nicht

[11:27] {Threei}  here it starts again

[11:27] {nemo} uberhaupt nicht

[11:28] {nemo} there you go vad

[11:28] {Threei}  1/4 more DRYS out .88

[11:29] {nemo} adbe's falling over

[11:29] {Threei}  good

[11:29] {Threei}  lol

[11:29] {nemo} tna

[11:29] {nemo} did it again, sorry

[11:30] {Threei}  CHRYSLER SAYS PLANTS ARE ON TRACK TO REOPEN AS SCHEDULED ON JAN 19-20 - WSJ

[11:30] {Threei}  - Chrysler said could change plans if auto sales stay weak{GM}

[11:30] {nemo} that's definitive

[11:31] {Threei}  DRYS stop for the last portion is .65

[11:31] {Threei}  back in black

[11:32] {KSystems} hrmm not yet

[11:32] {KSystems} me at least

[11:32] {nemo} AC/C fan?

[11:32] {nemo} AC/DC

[11:32] {Threei}  you in DRYS still ks?

[11:32] {KSystems} yeah. one quart

[11:33] {nemo} wow drys

[11:33] {KSystems} but i also took one RIMM trade that wasnt really there. meaning, i saw market strength at one point where you didnt :)

[11:33] {KSystems} thats the reason

[11:33] {Threei}  with two sizeable RIMM wins and this DRYS, should be in black

[11:33] {Threei}  oh

[11:35] {Threei}  RIMM is remarkably weak

[11:35] {dino} lphi bloody, thin one

[11:36] {nemo} tza

[11:36] {nemo} damn

[11:38] {dptl} have a good rest of the day all......got to go...

[11:38] {fernp} bye dp

[11:38] {Threei}  take care dp

[11:39] {Threei}  FED'S PLOSSER: US WILL NOT BE A 'HOSTAGE' TO CHINA'S EASING GROWTH - COMMENTS TO REPORTERS

[11:39] {Threei}  - Notes wants the balance sheet to look better

[11:43] {KSystems} cujo, yould you look up in your top bar? there should be a PM from me

[11:44] {lisa_jay} ctxs

[11:44] {KSystems} jamie?

[11:46] {nemo} jaimie is seine geheimname

[11:47] {KSystems} ;)

[11:49] {lisa_jay} sqnm

[11:50] {hawkfan4} was just gonna type that lisa, 24.05 break for a scalp, risky

[11:50] {larisa} good alert earlier on SQNM bottom lisa

[11:51] {ese} alright....who cut me off.........why aye otta.......

[11:51] {lisa_jay} I am in, so please Hawk your buying power would set it off.

[11:51] {lisa_jay} Thanks Larisa.

[11:51] {hawkfan4} lol :)

[11:52] {KSystems} nemo just doubleclick my nick

[11:52] {KSystems} and use that window

[11:57] {Threei}  guys, quick comment while it's relatively quiet

[11:57] {Threei}  bahamas conference agenda is finalized, aith dates and venue

[11:58] {Threei}  use banner from our homepage to read the details

[11:58] {Threei}  and make sure to let me know who decides to attend

[11:58] {Threei}  officially, so we shake hands, chat, have a drink... in reality, so I could hide from you

[11:59] {Threei}  (magoo oarticularly)

[11:59] {nemo} Drinks plural

[12:00] {Threei}  certainly in Russian

[12:03] {nemo} Don't worry, he can't get the rifle to the Bahamas

[12:04] {nemo} ehh...shoulda' played ADBE

[12:04] {Threei}  he has elbows... and I asked dino to put his elbow in magoo's ribcage on my behalf too many times

[12:05] {nemo} I'll protect you.  My rates are reasonable

[12:07] {dino} will do

[12:08] {nemo} Vaddddddd...How you gonna' hide...you're presenting!!!

[12:08] {Threei}  I'll wear ski mask

[12:09] {nemo} Ahh...you can always send your nice twin...

[12:09] {geo} you mean the thin twin

[12:10] {nemo} I wasn't going there

[12:10] {Threei}  lol

[12:10] {Threei}  first who says smart twin gets bludgeoned wqith trout

[12:10] {nemo} smart TWIN

06[12:10] * geo slaps nemo around a bit with a large trout

06[12:11] * Threei practices restraint

[12:11] {geo} orders are ordes

[12:11] {nemo} look behind you geo :)

06[12:11] * geo ducks

[12:12] {lisa_jay} Hawk...SQNM looking like a bear flag now to me...not moving.

[12:12] {nemo} Vad...what's read on market.  Seems to be steadily recovering

[12:13] {Threei}  yes... not sure about lunch time moves though

[12:13] {hawkfan4} i still like it if it breaks .05 lisa, under .80 not so much

[12:13] {nemo} Understand.  Volumes seem to be steady

[12:13] {lisa_jay} I was a bit premature....entered on break of .04.

[12:14] {dino} deck big turnaround

[12:14] {lisa_jay} Now it cant do it again.  Stop is under .80...losing .90 is shaky now.

[12:15] {nemo} lisa...you playin' sqnm?

[12:15] {Threei}  can DRYS break 15?

[12:15] {lisa_jay} yes Nemo

[12:16] {lisa_jay} Might get stopped out i think.

[12:17] {nemo} gonna' be close

[12:21] {Threei}  DRYS is trying to form C&H

[12:22] {Threei}  US CONGRESSMAN LEVIN: EXPECTS OBAMA ADMINSTRATION WILL LOOK AT ALL OPTIONS TO PUT PRESSURE ON CHINA TO REVALUE THE YUAN

[12:23] {nemo} What...devalue the $ and thus devalue their treasuries...they ain't stupid.

[12:23] {lisa_jay} APOL coiled.

[12:23] {Threei}  DRYS ruined setup before triggering

[12:25] {nemo} yeah...apol looks interesting lisa

[12:25] {nemo} lunchtime market souring a bit

[12:26] {Threei}  so far just listless drifitng

[12:26] {nemo} a Bohemian afternoon

[12:30] {dino} inflate that debt away 3i

[12:30] {Threei}  yup... and commodities deflation helps

[12:31] {i2romantis} took PALM at .37 sm l and EGLE at .44 sm l, selling at around 3:30 or so.

[12:31] {Threei}  i2r firmly sawitched to trading in time units

[12:32] {i2romantis} that's when I don't have enough time for scalping

[12:32] {i2romantis} by the way, went through the CDs, morning tune up etc, what a great concept, really loved it

[12:33] {Threei}  :)

[12:36] {nemo} Vad, vodka o.k. for morning tuneup?

[12:37] {Threei}  and afternoon polish-up

[12:37] {nemo} and evening dust up

[12:38] {dino} indeed nemo

[12:38] {nemo} I was just going to say are we getting an HS top on ADBE

[12:38] {i2romantis} lol

[12:39] {dino} asei spike, thin

[12:40] {i2romantis} I don't know if everyone went through the entire program, by I wish I had access to this back in 2003, i'd be in a lot better shape now

[12:40] {Threei}  I may have to take it...

[12:40] {i2romantis} Has anyone played with stops that simply are about to die, i.e. bancruptcy cases?

[12:40] {Threei}  my shape is wanting

[12:40] {i2romantis} stocks*

06[12:40] * geo rushes to heal vads hand

[12:40] {i2romantis} lol

06[12:41] * geo thinks too much patting may have damaged it

[12:41] {nemo} What's vad talking about?

[12:41] {dino} no, most likely they will get wiped out, halted, etc

[12:41] {nemo} Is that his bad shoulder?

[12:42] {i2romantis} k

[12:42] {geo} y

[12:42] {nemo} jelly

[12:42] {wishbone} lol

[12:42] {wishbone} quick wit

[12:43] {nemo} that was kind

[12:43] {wishbone} roflol

[12:43] {wishbone} that was awesome nemo

[12:43] {geo} lol

[12:43] {nemo} broken clock. I'm usually right twice a day

[12:45] {Threei}  long time no see - FMCN

[12:45] {Threei}  climbing against the market

[12:45] {nemo} they got in a lot of trouble in China for cell phone spamming

[12:47] {nemo} lisa, did you get stopped?

[12:48] {Threei}  FSLR

[12:48] {Threei}  HEARING PIPER JAFFRAY MAKING POSITIVE COMMENTS

[12:50] {dino} they need to unload some

[12:57] {_cujo} drya near 15 again

[12:57] {_cujo} drys

[12:57] {Threei}  yes cujo... problem is, it didn't form its own setup

[12:57] {Threei}  simply drifted with market

[12:58] {_cujo} got ya

[12:58] {Threei}  it's scalpable if it gives a delay vs strong market move

[12:58] {nemo} ty vad

[12:58] {Threei}  not really this case

[12:59] {Threei}  a bit earlier when it formed C&H,

[12:59] {Threei}  if it finished the formation and broke wikth market help, that would be a very valid play

[12:59] {nemo} vad, on sqnm that volatility between 12;42 and 12:50, was that to shake out stops?

[13:00] {Threei}  well, not a malicious plan

[13:00] {Threei}  thin stock does this kind of things easily

[13:00] {Threei}  and market drifted lower at the time

[13:01] {nemo} ty

[13:01] {Threei}  resault is just the same though

[13:01] {i2romantis} nevermind, took PALM and EGLE profits and set buys lower for later play

[13:01] {Threei}  FED'S STERN: CREDIT STRAINS ARE REAL, MARKET CONCERNS ARE AFFECTING ECONOMY RECOVERY, PLENTLY OF TIME TO BRING DOWN FED BALANCE SHEET

[13:01] {Threei}  how exactly do they plan to bring it down?

[13:02] {Threei}  WSJ REPORTS THE STIMULUS PACKAGE IS CURRENTLY REACHING A TOTAL OF $850B

[13:02] {Threei}  merely?

[13:02] {Threei}  by the time all pork-seekers are done with it, ijt will be 1.5T

[13:05] {dino} as a % of gdp not even our highest.

[13:05] {Threei}  no

[13:06] {Threei}  my point is... at any point in time, do these guys intend to tell us

[13:06] {Threei}  what they did with everything they got so far

[13:06] {dino} and, don't kid yourself, they are planning to de-value $ by up to 30%, sothat will take care of 1/3 of it

[13:06] {Threei}  and everything they ask for?

[13:06] {wishbone} whatever happened to m3 reporting?

[13:06] {dino} no on your point.

[13:06] {Threei}  lol

[13:06] {Threei}  OK

[13:06] {Threei}  just asking

[13:07] {dino} they don't really care, every administration puts it on a future one

[13:07] {dino} they care about elections, plain and simple

[13:07] {Threei}  wait

[13:07] {dino} wasn't obama going to balance this in his campaign? see...

[13:07] {Threei}  you mean main thing politician carees about is election??

[13:07] {Threei}  noooo

[13:07] {Threei}  tell me it isn't so

[13:08] {Threei}  my world is crashing

[13:08] {dino} promise the world, but do as you please

[13:09] {larisa} just like men

[13:10] {lisa_jay} apol

[13:10] {dino} lol, tell them what they want to hear larisa

[13:10] {Threei}  and make sure lipstick is very red

[13:11] {Threei}  wow DRYS

[13:11] {Threei}  brutal drop

[13:11] {Threei}  breakout buyers just got

[13:11] {Threei}  umm

[13:11] {Threei}  what's the word

[13:11] {dino} deck blood

[13:16] {Threei}  look ACOR daily

[13:16] {Threei}  what a beautiful breakout formation

[13:16] {Threei}  I wish market had a bit more confidence, I'd take this play in a heartbeat

[13:17] {Threei}  and for much more than a scalp

[13:17] {Threei}  25 is written all over it

[13:19] {Threei}  selling wave is coming ost likely

[13:20] {Threei}  watch DRYS for these quick trips down about 10-15 cents, usually provides small scalp opportunity on bounce

[13:20] {lisa_jay} Beige book at 2.

[13:21] {Threei}  the way it looks lately, it should be named black book

[13:21] {dino} pandora's box

[13:25] {Threei}  FED'S STERN: THERE WERE NO GOOD OPTIONS TO SAVE LEHMAN

[13:25] {nemo} acor

[13:25] {nemo} damn

[13:25] {Threei}  ?

[13:26] {nemo} two computers

[13:26] {Threei}  ah

[13:26] {nemo} trying to get the gps coordinates of your office

[13:28] {Threei}  watch DRYS for losing .80, quick drop and immediate bounce

[13:29] {nemo} resistance?

[13:29] {Threei}  PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET

[13:29] {Threei}  **reminder: the last Beige Book, released on 12/3 stated:

[13:29] {Threei}  - the economy weakened across all districts since early October, manufacturing declined in most districts, lending contracted, loans terms got tighter.

[13:31] {Threei}  C, what a disaster

[13:32] {nemo} Prince Alaweed must be BS!!

[13:32] {Threei}  why didn't we short 5 breakdown?

[13:32] {nemo} Your running the asylum, remember?

[13:35] {dino} lol

[13:39] {_jamie} bbbbbbbbbbbbbbbbrrrrrrrrrrrrrrrrrrrbbbbbbbbbbbbbbbbbb!!!!!

[13:39] {dptl} back

[13:45] {dino} ..

[13:45] {Threei}  closest resistance for C is 4.80

[13:46] {Threei}  worth watching, maybe short will shape up

[13:54] {lisa_jay} .

[13:54] {Threei}  market is locked in 5-10 points

[13:54] {lisa_jay} :-)

[13:54] {Threei}  anyone's guess which way it breaks

[13:54] {Threei}  when it does

[13:54] {Threei}  and if it does

[13:55] {Threei}  I mean, may be it never breaks... just stays here forever

[13:55] {larisa} you still can not retire

[13:56] {Threei}  sigh

[13:58] {i2romantis} lol

[13:59] {i2romantis} but he's going to bahamas

[13:59] {larisa} that he can do as soon as he comes back :)

[14:00] {larisa} soon=long

[14:00] {larisa} english is so hard

[14:01] {peterg} anguish languish

[14:01] {Threei}  FED'S BEIGE BOOK: GENERALLY WEAK CONDITIONS IN MANUFACTURING AND HOUSING, ECONOMIC CONDITIONS WEAKNENED FURTHER IN LAST MONTH

[14:01] {Threei}  I don't know Larisa... some never return from that place...

[14:02] {Threei}  must be dangerous

[14:02] {Threei}  Wages pressures have remained largerly contained, layoffs continue in most districts

[14:02] {Threei}  - Sizeable price discounting seen during holidays

[14:02] {Threei}  - Seeing lending activity has fallen with tighter conditions; credit quality still a concern

[14:02] {i2romantis} this isn't your first visit there, Vad, is it?

[14:02] {Threei}  bahamas first

[14:02] {dino} trojan attack hit system, just blocked

[14:03] {Threei}  I am mostly Hawaiian guy

[14:05] {Threei}  as expected, Beige book is not much of event

[14:07] {Threei}  whis strange actually

[14:07] {Threei}  I mean:

[14:07] {Threei}  layoffs continue, prices drop, lending falls, etc

[14:07] {Threei}  how come we don't rally yet?

[14:09] {Threei}  I start getting feeling we are about to

[14:10] {Threei} Long Setup:  ACOR  23.16 break half lot

[14:10] {Threei}  if stays above 23

[14:14] {dino} giddy-up\

[14:14] {larisa} please market, not all the way down

[14:14] {Threei}  with poullback forst, but feels like generally giddy up

[14:14] {Threei}  oh boy

[14:15] {Threei}  my typing seems to be getting worse by minute

[14:16] {Threei}  PRES ELECT OBAMA: EXPECTING TIMOTHY GEITHNER TO BE CONFIRMED AS NEXT TREASURY SECRETARY

[14:17] {Threei}  squeeze is coming IMO

[14:18] {Threei}  unless of course someone in political circles opens their big mouth again

[14:20] {Threei}  NQ needs to break 1170

[14:21] {Threei}  QQQQ corresponding level is .85

06[14:24] * Threei kicks the market in the rear with heavy duty army boots

[14:24] {KSystems} ACOR valid even with market dropping?

[14:24] {Threei}  higher chance of shakeout

[14:24] {Threei}  but with half lot, worth a try

[14:25] {Threei}  it want market support but it's not exactly market follower

[14:27] {KSystems} in ACOR then

[14:27] {KSystems} .18

[14:32] {nemo} am i back?

[14:32] {KSystems} yep

[14:32] {nemo} vielen dank

[14:33] {peterg} hmmm.......I seem to have been gone, too

[14:33] {Threei}  ACOR hit 1:1

[14:33] {peterg} diese ganze verfluchte systeme

[14:33] {KSystems} yep out ACOR .36

[14:34] {KSystems} thank you :)

[14:34] {Threei}  sure

[14:34] {nemo} verdammte!

[14:34] {Threei}  and market starts squeeze I was talking about for so long..., like Bolshevik about revolution

[14:34] {peterg} genau!

[14:34] {Threei}  guys, I'd advice to set up mIRC

[14:34] {Threei}  or advise

[14:34] {peterg} would if could

[14:35] {peterg} 3

[14:35] {Threei}  hobbit is still a third party

[14:35] {peterg} x now

[14:35] {nemo} sorry I missed the revolution

[14:35] {Threei}  talk to KS

[14:35] {Threei}  he will help

[14:35] {peterg} ill try tmo am

[14:35] {Threei}  it's not really that hard, just had to gnaw through it one time

[14:35] {peterg} before open

[14:35] {Threei}  ACOR is coming into 1:2

[14:36] {KSystems} I'll be here early tomorrow

[14:36] {peterg} tks

[14:36] {nemo} Yeah, but early for you is really lunchtime KS

[14:36] {KSystems} huh? you in china, nemo?

[14:39] {Threei}  OK guys, make your decision on ACOR

[14:39] {Threei}  I still believe it has more upside in general,

[14:39] {Threei}  but it spiked vertically

[14:40] {Threei}  and we are still in a very shaky market

[14:40] {Threei}  1:2 is nothing to sneeze at

[14:41] {wishbone} anyone else lose connection to room?

[14:41] {KSystems} everybody connected via mibbit did, wish

[14:41] {hawkfan4} yes wish

[14:41] {Threei}  yes wish, KS was power-hungry and decided to demosntrate everyone on hobbit he can kick

[14:41] {wishbone} ok ty

[14:42] {dino} y wish

[14:42] {Threei}  again guys... go once through this pain and set up mirc

[14:44] {nemo} I got disconnected on the mirc

[14:45] {Threei}  that must have been ping delay

[14:45] {Threei}  all others who are on mirc stayed connected

[14:45] {dino} or pong

[14:45] {Threei}  or that

[14:45] {nemo} yeah my ping's a little short

[14:45] {wishbone} lol

[14:47] {Threei}  ok, ACOR firmed the day as green... now it's mine to lose

[14:50] {peterg} rude

[14:50] {peterg} peremptory

[14:50] {peterg} haughty

[14:59] {Threei}  ACOR nice run... 60 cents from trigger

[15:00] {dino} somebody slap me, thinking of long swing trades

06[15:00] * Threei slaps dino around a bit with a large reminder it's not a bull market yet

[15:01] {dino} ty

[15:02] {nemo} gotta' head out and miss all the last minute excitement.  Hate to have to pull out early

[15:03] {patience} what are you thinking of trading dino?

[15:04] {dino} gg, mcd, wmt, t

[15:04] {patience} short?

[15:05] {dino} maybe safer to just buy some s&p

[15:05] {dino} no thinking bounce time 

[15:05] {dino} of course, maybe we do not hold

[15:05] {Threei}  ED

[15:06] {Threei}  10 CONED SUPERVISORS HAVE REPORTEDLY BEEN CHARGED IN KICK BACK SCHEME OVER CONSTRUCTION PROJECTS

[15:06] {patience} what i know for sure is that there are too many unknowns out there, scalping works right now

[15:07] {dino} -11% on s/p, dji, 10% ndx

[15:07] {dino} since 01/06

[15:07] {dino} safer yes

[15:08] {dino} i'm just seeing the pattern, 8100-8300 to 9000

[15:08] {Threei}  ED... .20 break probably worth a try on a short side if stays under .30

[15:13] {KSystems} in ED

[15:13] {magoo} baxck

[15:13] {wishbone} in ed

[15:13] {Threei}  you missed ACOR mags?

[15:13] {magoo} ED price looks a lil soft

[15:13] {magoo} yeah

[15:13] {Threei}  grrr

[15:14] {magoo} tech difficulties here

[15:14] {Threei}  was your kind of play

[15:14] {magoo} points?

[15:14] {Threei}  about 60 cents

[15:15] {magoo} nice

[15:15] {Threei}  die ED

[15:16] {Threei}  ACOR just goes

[15:16] {Threei}  told ya it wasn't a scalp

[15:17] {Threei}  ED almost 1:1 on last dive...

[15:18] {Threei}  full dollar ACOR

[15:19] {larisa} lol, can get to 25 

[15:19] {dino} patience, pull up 3 or 4 month index charts, see what happens starting week before expiration.

[15:20] {Threei}  [13:17] {Threei} 25 is written all over it

[15:20] {dino} gj

[15:20] {Threei}  hit 24.94

[15:21] {dino} and see what happens last week of month

[15:21] {Threei}  sheesh ED... 1 cent shy of 1:1

[15:21] {Threei}  and bounced all the way back?

[15:21] {Threei}  aggressive entry was the way to go on it... near .30

[15:21] {Threei}  hindsight is always 20/20

[15:22] {larisa} it ignored news, followed market though

[15:22] {Threei}  yes

[15:22] {wishbone} stopped ed

[15:23] {patience} looking now dino

[15:23] {KSystems} ed stopped

[15:25] {magoo} easy 25 acor vad

[15:25] {magoo} and more

[15:26] {Threei}  well... with original call at 23.16, I am a bit hesitant to get it here :)

[15:26] {Threei}  but here is my 25

[15:26] {larisa} how did you find ACOR vad ? it had no volume.

[15:26] {hawkfan4} beauty vad, call that is

[15:27] {Threei}  thank you for elaboration hawk

[15:27] {Threei}  scanner lasrisa

[15:27] {larisa} do not call me that

[15:27] {Threei}  sorry

[15:27] {larisa} lol

[15:27] {Threei}  :)

[15:28] {Threei}  with my typing skills, I call a lot of people a lot of things

[15:28] {Threei}  to be fair, they do the same to me

[15:28] {larisa} I do not, so expect same from you

[15:28] {Threei}  strict gal...

[15:30] {dino} week before -5%to -10%+ then end of month spikes 5%+ to 10%

[15:30] {Threei}  with inauguration and some steps being announced immediately after, dino...

[15:30] {Threei}  anything can happen

[15:31] {dino} 3:35-3:40 time

[15:31] {dino} since oct. tho, this is the pattern

[15:32] {dino} major window dress at end of month (fed says, don't worry about it, keep investoprs from seeing truth, wink wink)

[15:32] {Threei}  interestingly, DRYS didn't follow the market down this time

[15:32] {dino} then major hits start week before expiration through exp.

[15:33] {patience} and i've scalped options on this pattern but it feels like it is changing

[15:34] {dino} ok, at least you see what i see, i wanted to know if it was just me

[15:35] {dino} altho, not sure on changing, jan right on so far

[15:35] {dino} do you feel up change or down chgange patience

[15:35] {patience} down

[15:36] {dino} meaning breaking down lower?

[15:36] {patience} y

[15:36] {dino} ok

[15:36] {wishbone} vad us in acor?

[15:36] {Threei}  no

[15:36] {wishbone} ok ty

[15:38] {KSystems} may i ask where you exited?

[15:39] {Threei}  me? ACOR?

[15:39] {KSystems} yeah

[15:39] {Threei}  .34 and .65

[15:39] {KSystems} oh

[15:39] {KSystems} ok

[15:39] {patience} dino, just remember i was one who believed you would never see oil below 80 again or the u.s. dollar gaining

[15:39] {larisa} lol

[15:40] {fernp} RIMM lod

[15:40] {dino} you may be right here on markets

[15:41] {dino} and i understand, just respect your feel

[15:42] {patience} my sister and i, just because we're cheap, decided to cash in our bonus points with various programs for gas coupons, etc.    who knows how long those programs last when redemption requests hit them.....  lol

[15:42] {dino} makes ense

[15:44] {Threei}  barring some geopolitical developments, I start getting this feel that oil won't hold above 30

[15:45] {Threei}  and if not for Gaza war, it would probably be there already

[15:47] {dino} and ironically, we are challenging record lows in my area today, tomorrow and sat.

[15:48] {Threei}  that's a matter for Al Gore

[15:48] {KSystems} well :) russians didnt cut off your gas, did they :))

06[15:48] * larisa slaps KSystems around a bit with a large trout

[15:48] {KSystems} not you!

[15:48] {larisa} lol

[15:48] {KSystems} tey really did

[15:49] {dino} no

[15:49] {larisa} you are cold KS ?

[15:49] {Threei}  12:23] {Threei} (RU) RUSSIAN AMBASSADOR TO EU: RUSSIA IS "TOO CIVILIZED" TO CUT OFF ENERGY SUPPLIES TO THE EU

[15:49] {Threei}  [12:24] {Threei} let's remember this 'too civilized"

[15:49] {Threei}  [12:24] {Threei} my prediction is, come winter we will have a few occasions to return to this sentence

[15:49] {dino} but u.s. is going thru major freeze right now

[15:49] {Threei}  08/29

[15:50] {wishbone} vad how did u find that so fast?

[15:50] {patience} i'll do my part dino...sending you the giant container of vodka martini's that sits next to the diet food - emergency energy supply

[15:51] {dino} nice

[15:51] {Threei}  knowing I'll have my fun with it come winter, I saved it :)

[15:51] {wishbone} lol

[15:51] {Threei}  anyway, can you be "too covolized"?

[15:51] {Threei}  civilized

[15:51] {wishbone} but now u told secret and i'm not as impressed

[15:52] {larisa} not Russians of course, Ukranians can :)

[15:52] {Threei}  well, you are supposed to be impressed by my prophetic powers, not by fast search :)

[15:52] {wishbone} like magician showing secret to trick:)

[15:52] {dino} rumors mark to market repeal

[15:53] {Threei}  again?

[15:53] {Threei}  I am telling you... we are totally back in September

[15:53] {Threei}  or October

[15:53] {Threei}  which I don't mind actually

[15:54] {dino} it should be repealed, they are marking these assets at 10-20% on the $, ridiculous

[15:54] {Threei}  the farther this uncertainty pushes market down, the hugeer our rally will be

[15:55] {Threei}  or enormouseer

[15:55] {KSystems} ouch

[15:55] {KSystems} unbelievabler?

[15:55] {dino} lol, word

[15:55] {larisa} lol

[15:55] {Threei}  double e, KS

[15:55] {KSystems} unbeelievabler?

[15:55] {Threei}  unbelieavbleer

[15:55] {KSystems} what does it have to do with bees

[15:55] {KSystems} oh

[15:56] {Threei}  and that should have been a question to Shakespear... he tried to count bees with his famolus "Two bee or not two bee"?

[15:57] {larisa} ok, this one IS funny

[15:57] {Threei}  FINALLY!

[15:57] {KSystems} yes i have to admit

[15:57] {Threei}  my life purpose is acheieved

[15:58] {KSystems} still no time for retirement

[15:58] {KSystems} FORGET that

[15:58] {Raven} {-------- faints

[15:58] {Threei}  what retirement? I can die happily now

[15:58] {Threei}  sorry R... I know it must have huirt

[15:58] {KSystems} even this is cosidered form of retirement and requires approval

[15:58] {Threei}  I wonder how peter took that

[16:00] {Threei}  OK guys... not easy by any means but much better day than last two

[16:00] {Threei}  thank you all

[16:00] {larisa} see you  guys, KS stay warm, sorry about russians :)

[16:00] {Threei}  have a good evening

[16:00] {_cujo} thanks Vad

[16:00] {_cujo} you too

[16:00] {Threei}  see you tomorrow

[16:00] {wishbone} good nite all

[16:00] {Threei}  nag KS about that mirc

[16:00] {_cujo} bright and early

06[16:00] * KSystems slaps larisa around a big with a large russian

[16:00] {larisa} lol

[16:00] {Threei}  the more you tire him the less he will object against my retirement

[16:01] {dptl} gn all

Jan 13, 2009

Day started out nice, with a few good trades, notably ADBE short. Then things turned into repetition of yesterday so we cut down on activity. Took couple stops, took couple scalps - all in all, we could finish the day after first morning trades just as well.

Session Time: Tue Jan 13 00:00:00 2009

[07:08] {nemo} guten morgen

[07:55] {Threei}  Good morning sleepless souls

[07:56] {nemo} Age...

[07:56] {Threei}  yup

[07:56] {nemo} vodka

[07:56] {Threei}  nope

[07:56] {nemo} 5:00 am there?

[07:57] {Threei}  uhhu

[07:58] {magoo} morning

[07:58] {Threei}  mags :)

[07:58] {Threei}  (US) S&P REAFFIRMS USA SOVEREIGN RATING AT "AAA", OUTLOOK STABLE

[07:59] {nemo} guten morgen

[07:59] {nemo} Hah!  they must have had a gun to their heads

[08:00] {Threei}  magoo, managed to configure mirc?

[08:00] {magoo} i tried to get the mIRC up and running...i have an icon on screen but window pops up "about mIRC" evualation copy:30 days and a register /continue button

[08:00] {magoo} SORRY

[08:01] {Threei}  right, click continue

[08:01] {magoo} than window says unable to connect

[08:01] {magoo} i know i am computer illiterate, but i almost made it sigh

[08:01] {Threei}  sure, if you haven't configured it yet to connect this room

[08:03] {magoo} ok...i got a pop up  mIRC Favorites

[08:03] {magoo} enter channel name?

[08:04] {Threei}  maags... follow that pdf file instructions step by step

[08:04] {magoo} in all serious vad..i ap[oligize

[08:04] {magoo} but boy i want to get this figured out

[08:04] {magoo} i did

[08:05] {Threei}  I did it a bit differently since my mirc already had some configurations, so I had to change them rather than do anew

[08:06] {magoo} i could start anew and ask where i am confused

[08:06] {magoo} but i thik its here..see there isnt even this pop up in instruction.."mIRC FAvorites

[08:07] {magoo} anyone else get that window?

[08:08] {Threei}  just kill that wondow

[08:08] {Threei}  window

[08:08] {Threei}  and start from pouint 3 in instructions

[08:09] {magoo} alright

[08:09] {magoo} ill try again

[08:11] {Threei}  FED CHAIRMAN BERNANKE: FISCAL STIMULUS ALONE WILL NOT DRIVE A LASTING ECONOMIC RECOVERY, BUT STIMULUS COULD PROVIDE SIGNIFICANT BOOST TO ECONOMY

[08:11] {Threei}  - Other policy measures are needed to stimulate the economic recovery.

[08:11] {Threei}  - More government bank captial injections may be needed. Fed could purchase longer-term securities.

[08:11] {Threei}  - Asset-backed lending program will boost private lending. Program is scheduled to begin in February, 2009

[08:11] {Threei}  - It is not easy to set a target for Fed policy under these conditions, policy issues poses a communications challenge

[08:11] {Threei}  communications challenge eh?

[08:12] {Threei}  - Fed's policy approach differs from that taken by Japan in 2001-06

[08:12] {Threei}  - Must significantly shrink the Fed balance sheet quickly and automatically, shrinking the balance sheet won't be hard.

[08:12] {Threei}  - Fed credit facilities do not expose the Fed to very much risk. Will end credit facilities based on analysis of market conditions.

[08:12] {Threei}  - Inflation will likely moderate even more, sees little risk from inflation in near term.

[08:12] {Threei}  shrinking the balance sheet won't be hard - this I beloieve requires some additional explanations

[08:13] {nemo} yeah, merely a flesh wound

[08:17] {Threei}  BALTIC DRY BULK INDEX RISES +2.5%, SIXTH STRAIGHT INCREASE

[08:27] {magoo} man..having troubles

[08:27] {Threei}  what's happening?

[08:27] {magoo} im going to uninstall current mIRC

[08:27] {magoo} caught in loop

[08:27] {Threei}  that's always a good idea

[08:28] {Threei}  mirc copies settings from previously installed copy

[08:28] {magoo} i hate tis techno crap..give me a liquid cooled 2 stroke motor and ill rebuild it in an hour in the rain at the motocross track

[08:28] {magoo} but this stuff...UGGGGG

[08:30] {Threei}  NOV TRADE BALANCE: -$40.4 V -$51.0BE

[08:30] {Threei}  (CA) CANADA NOV INTL MERCHANDISE TRADE: C$1.3B V C$3.0BE

[08:35] {Onix} Good morning all

[08:35] {Threei}  onix :)

[08:36] {larisa} threei, onix good morning :)

[08:36] {Threei}  larisa :)

[08:36] {_cujo} morning

[08:36] {Threei}  cujo :)

[08:37] {Onix} hi larisa; cujo

[08:38] {_cujo} morning Onix.

[08:45] {Threei}  NASDAQ clawed its way back to almost breakeven

[08:47] {KSystems} magoo?

[08:48] {geo} Gm fellow speculators

[08:48] {geo} for those of you who want to highlight in mirc

[08:48] {Onix} hi geo

[08:48] {geo} right click on the username and click info

[08:49] {geo} then click the high light tab

[08:49] {KSystems} Magooooooooooooooooooooooooooooooooooooo

[08:49] {Onix} yes Vad, some early mornig strength somehow

[08:49] {geo} Clicka Add button and add the username

[08:49] {geo} you can choose sound and color them

06[08:50] * nemo slaps nemo around a bit with a large trout

[08:50] {_cujo} Thanks Geo.  Appreciate the help. 

[08:50] {geo} sure thing

[08:51] {Threei}  geo :)

[08:51] {KSystems} good one geo, didnt even know it was there

[08:51] {geo} yeah thats the primary reason i use mirc

[08:51] {geo} have a sound alert oon vad

[08:51] {KSystems} i mean the fact that is was located THERE, so easy to reach

[08:52] {KSystems} i always clicked my fingers bloody before i found it

[08:52] {geo} yeah they moved it from the old one

[08:52] {geo} exactly :)

[08:53] {cosmo} ZGEN

[08:54] {cosmo} ...pulling back

[08:54] {cosmo} 5.20 pre mkt high

03[08:54] * Looking up KSystems user info...

[08:57] {dptl} good morning all

[08:58] {Threei}  dp :)

[08:59] {magoo} i got another issue, be back in a half

[09:00] {KSystems} if you still need help with mirc then, dcc me magoo

[09:00] {KSystems} OK good morning everybody :)

[09:00] {Threei}  KS :)

[09:02] {KSystems} geo any progress with hydra?

[09:02] {geo} actually i gave up :)

[09:02] {Threei}  yeah... geo cut off all her heads

[09:02] {KSystems} oh ok

[09:03] {geo} some things needed to be done by editing xml files....

[09:03] {KSystems} wow

[09:03] {geo} so i switched to mirc

[09:03] {Threei}  so far, 4 days on a new server, no single disconnect

[09:03] {geo} sorry had told vad... should have to ld you too

[09:03] {Threei}  let's acknowledge great work by KS

[09:03] {fernp} hello everybody

[09:03] {geo} hiya fern

[09:03] {geo} long time

[09:03] {KSystems} hey fern

[09:04] {Threei}  although by no means we forfeit the right to slap him with trout and other heavy objects

[09:04] {Onix} hi dp; ks :)

[09:04] {Threei}  fern :)

[09:04] {fernp} yes

06[09:04] * KSystems slaps Threei around a bit with a large canon or nikon

[09:04] {fernp} working hard

[09:04] {geo} hey K

[09:04] {Threei}  I shoout with Olympus, ks

[09:04] {geo} do your custom slaps work the same way in new mirc?

[09:04] {Threei}  yes geo

[09:05] {geo} cool

[09:05] {geo} umm which folder to put em in again?

[09:05] {nemo} ksystems-just don't use a Hasseblad!

[09:05] {cosmo} SP-565

06[09:07] * geo slaps Threei around a bit with a large trout

[09:08] {geo} dissapointed...

[09:08] {Threei}  US SEN LEVIN: REQUESTING APPROX $1.0B IN FEDERAL AID FOR DEVELOPMENT OF CAR BATTERIES

[09:08] {Threei}  - note: Levin is a Democratic Senator representing Michigan{GM F ABAT HIT JCI HEV ALTI}

[09:08] {wishbone} morning all

[09:08] {Threei}  wish :)

[09:08] {KSystems} i dunno geo, you have to replace a file with it

[09:09] {Threei}  note the list of stocks related to battery issue

[09:09] {geo} yeah did something wrong

[09:09] {geo} will figure out after mkt hrs

[09:09] {Threei}  some potential players in that list at some point

[09:12] {elepet} good morning all. 

[09:12] {Threei}  elepet :)

[09:13] {_cujo} morning elepet

[09:13] {Onix} hi fer; wish; elepet :D

[09:13] {elepet} is there any way to make this more readable..change color etc

[09:13] {Threei}  guys,, things got finalized for the Bahames conference

[09:14] {Threei}  go to our homepage, click on a banner to read final agenda, dates, costs etc

[09:14] {Threei}  elepet, for familiar look go with mirc

[09:15] {fernp} my router CISCO doesn't allow mirc services

[09:16] {fernp} incredible but true

[09:16] {fernp} there are a lot of forums about this topic, but no solution at the moment

[09:16] {Threei}  wow

[09:16] {fernp} old versions are supported

[09:16] {geo} personal router cisco fern?

[09:16] {geo} or linksys

06[09:16] * Threei sends fernp a hammer and linksys router

[09:17] {fernp} CISCO ATLANTA

[09:17] {geo} llinksys is owned by cisco vad :)

[09:17] {Threei}  whatever... it doesn't mind mirc :)

[09:17] {Threei}  be back in 5

[09:18] {elepet} I tried mirc and it said i wasn't registered.

[09:21] {elepet} and for some reason, i can't keep this window and my broker open at the same time.  It was so much easier as a trial member.  

[09:22] {Threei}  install fresh mirc and configure it according to websiote isntructions... it will work

[09:22] {KSystems} elepet: in order to use mirc, you'll have to follow the pdf doc on the RT website

[09:22] {cosmo} pdf?

[09:24] {KSystems} http://www.realitytrader.com/mIRC%20room%20connection.pdf

[09:24] {Threei}  DNDN

[09:24] {Threei}  STRENGTH ATTRIBUTED TO RENEWED CHATTER THAT DNDN MAY ANNOUNCE A PARTNERSHIP WITH A BIG PHARMA COMPANY

[09:24] {Threei}  - LLY rumored as a potential partner

[09:25] {Threei}  NVDA

[09:25] {Threei}  CUTS Q4 REV -40-50% SEQUENTIALLY LOWER (IMPLYING $438.8-538M V $805.5ME)

[09:25] {Threei}  - Cites further weakness in end-user demand and inventory reductions by NVIDIA''s channel partners in the global PC supply chain.

[09:25] {cosmo} thx KS

[09:25] {ese} Ok......i think i like the option where i won't have to sign in.....can i still set that up vad?

[09:25] {Threei}  yes ese

[09:26] {Threei}  [09:24] {KSystems} http://www.realitytrader.com/mIRC%20room%20connection.pdf

[09:26] {Threei}  [09:24] {Threei} DNDN

[09:28] {dino} gm all

[09:28] {Threei}  dino :)

[09:30] {magoo} back

[09:31] {lisa_jay} .

[09:32] {wishbone} vad .....is replay working in this room?

[09:32] {Threei}  no

[09:32] {wishbone} does it work with mirc?

[09:32] {Threei}  no

[09:32] {Threei}  wow

[09:32] {Threei}  DRYS

[09:33] {Threei}  pullback to about 14.70 is of interest

[09:35] {larisa} PLD dollar bounce off bottom, missed it

[09:37] {Threei}  RIMM, watching for pullback entry around 46.40

[09:42] {Threei} Long Setup:  PLD  12 break

[09:42] {Threei}  if stays above 11.85

[09:42] {Threei}  GM

[09:42] {Threei}  VICE CHAIRMAN LUTZ: WE JUST CANNOT SELL SMALL CARS RIGHT NOW, PEOPLE ARE BUYING TRUCKS AGAIN

[09:42] {Threei}  - Falling oil prices are "messing up" hybrid development plans{F}

[09:43] {Threei}  isn';t it what we predicted a week ago

[09:43] {dino} lol

[09:43] {geo} 1:1

[09:43] {Threei}  PLD hit over 1:1 quickly

[09:43] {fernp} ty Vad

[09:44] {Threei}  welcome

[09:44] {Threei}  half out .24

[09:44] {Threei}  offering second half .35

[09:44] {magoo} out .25 TY boss

[09:45] {Threei}  stop just under 16

[09:46] {geo} all out .35

[09:46] {geo} thats vad

[09:46] {Threei}  out in full

[09:46] {wishbone} out pld .21, .34 ty vad

[09:46] {tomg} thanks vad

[09:46] {Threei}  good reflexes guy, break was fast

[09:46] {Threei}  but gave ample chance for entry as it danced back and forth around 12 after break

[09:47] {Threei}  so if you had an order 12.03, it would get hit in any case

[09:47] {KSystems} PLD - out 1/2 .15 - out 1/4 .35 - out rest .27

[09:47] {Threei}  RIMM got away

[09:48] {Threei}  pullback was a bit shallow

[09:48] {Threei}  and I really really didn't want to go for a break on it

[09:48] {magoo} drys too

[09:49] {magoo} Q too

[09:49] {magoo} heck they all went

[09:49] {Threei}  DRYS was for personal consumption so to speak

[09:49] {Threei}  meaning, if you got a feel for momo on it, it was p;ossible to play, but no way to call it

[09:50] {Threei}  time for pullback, market

[09:50] {Threei}  relax a little will ya

[09:50] {magoo} vad, qas temp stop gap here, how i get this room screen to stay on top of window..as in when i click reaklmoney this windsow is covered?

[09:50] {magoo} not mIRC here

[09:50] {Threei}  jmb suggested workaround last week

[09:51] {Threei}  wishbone, do you have url handy?

[09:51] {wishbone} yes one sec

[09:52] {wishbone} http://www.delayedreaction.com/freestuff/index.html

[09:53] {wishbone} download keep on top

[09:53] {Threei}  OK, finally some pullbacks

[09:53] {Threei}  NVDA

[09:53] {Threei}  7.60 zone for bounce scalp

[09:54] {wishbone} i put in system tray open trading sotware and mibbitt then run always on top and select program

[09:54] {wishbone} have to do every morning

[09:55] {magoo} i miss the old room hhe he

[09:55] {Threei}  ELN

[09:55] {Threei}  FIRM RUMOURS BEIGN DISCUSSED BY CNBC'S FABER

[09:58] {Threei}  ADBE

[09:58] {Threei}  short candidate

[09:58] {Threei}  want bounce into .80 or so

[09:59] {Threei}  if can't break .70 anymore, half lot short .63

[10:00] {magoo} u feeling lucky vad?

[10:00] {Threei}  hmm?

[10:00] {geo} he has trout

[10:00] {Threei}  OK, bounce it is

[10:01] {magoo} cant trout in the non mIRC correct?

[10:01] {magoo} how about dcc?

[10:01] {geo} missed

[10:01] {Threei}  stop above .90 ADBE

[10:02] {dptl} nvda?

[10:02] {Threei}  actually, want NVDA a bit lower

[10:02] {magoo} PLD pulls back

[10:02] {Threei}  doesn't feel safe unless goes closer to .40

[10:03] {Threei}  cover half ADBE

[10:03] {Threei}  scalpers take profit

[10:04] {hawkfan4} nice vad, thx

[10:04] {Threei}  :)

[10:04] {_cujo} out NVDA thanx Vad

[10:04] {geo} sniff

[10:04] {Threei}  whatcha got hawk? .77 here

[10:04] {Threei}  cujo :)

[10:05] {Threei}  ADBE balance stop to above .70

[10:05] {hawkfan4} beat me, .69 to .20

[10:05] {geo} ??

[10:05] {Threei}  ugh, missed PLD nice pullback

[10:05] {hawkfan4} adbe geo, in .69, out .20

[10:06] {geo} it went that low....

[10:06] {geo} hmmm

[10:06] {geo} gotta reset charts

[10:06] {Threei}  +.20?

[10:06] {hawkfan4} lol, i was trading amzn, sry :)

[10:06] {geo} wow you bottom ticked it

[10:06] {Threei}  lol

[10:06] {geo} oh ok

[10:06] {geo} lol

[10:07] {KSystems} omg

[10:07] {Threei}  you guys...

[10:08] {Threei}  risky one:

[10:08] {Threei} Long Setup:  EGLE  7.20 break

[10:08] {Threei}  volatile, can shake hard

[10:09] {KSystems} stop where?

[10:09] {Threei}  if dives sharply into 7, grab it for immediate snapback

[10:09] {Threei}  under 7 KS, but easy to get shaken

[10:09] {KSystems} yea

[10:09] {KSystems} ty

[10:10] {KSystems} in .23

[10:10] {_cujo} .22

[10:11] {dptl} did you get nvda?

[10:11] {Threei}  no

[10:11] {geo} target  vad?

[10:12] {Threei}  just play it by the book

[10:12] {_cujo} out .26

[10:12] {geo} wow cujo

[10:13] {Threei}  DRYS is kind of leading indicator for EGLE

[10:14] {fernp} EXPE long if break 8.95, Vad?

[10:14] {Threei}  a bit narrow

[10:15] {Threei}  but if market regains strength, likely to follow

[10:15] {fernp} ok

[10:16] {Threei}  half out EGLE guys

[10:16] {Threei}  a little bit under 1:1 but DRYS is pulling back

[10:16] {Threei}  want to protect profit on too volatile stock

[10:17] {Threei}  and decrease risk

[10:17] {Threei}  stop to .15

[10:17] {dino}  apol

[10:17] {wishbone} egle .10 ty vad

[10:18] {Threei}  ADBE stop for balance to just above .60

[10:19] {Threei}  should have covered near .40... missed it

[10:20] {Threei}  out ADBE in full

[10:20] {Threei}  .40, +.37

[10:20] {magoo} where u like DRYS vad?

[10:20] {Onix} wtg :D

[10:21] {Threei}  not sure mags

[10:21] {magoo} it left some scars from yesterday..understood

[10:21] {Threei}  market pulls back, ad DRYS tends to do exaggerated moves

[10:22] {Threei}  so, I'd say bounce off 15

[10:22] {Threei}  but at the moment it seems ridiculously far from here

[10:22] {Threei}  so I better not say anything for now :)

[10:23] {_cujo} PLD Vad?

[10:23] {_cujo} would you short here?

[10:23] {Threei}  PLD 11.50 zone for watch

[10:24] {magoo} market needs to decide here..up or down

[10:24] {_cujo} thanks

[10:24] {Threei}  short is kind of 50/50

[10:24] {geo} out elge

[10:24] {geo} EGLE

[10:25] {Threei}  covered ADBE a bit too soon

[10:26] {magoo} man..15 not out of questuon now

[10:26] {Threei}  here comes hard drop DRYS

[10:27] {Threei}  yeah, 15 doesn't look that ridiculous anymore, does it? :)

[10:27] {Threei}  don't jump oln these little bounces

[10:27] {Threei}  not worth the risk

[10:28] {magoo} i think EGLE leads

[10:29] {Threei}  SENATE MAJORITY LEADER REID: SENATE MUST VOTE ON TARP BY SUNDAY

[10:34] {Threei}  sharp drop is coming on DRYS it feels

[10:35] {Threei}  how about that for sharp drop

[10:35] {KSystems} and here comes 15

[10:37] {Threei}  and most likely under

[10:38] {Threei}  the way DRYS usually does it is, it comes into obvious support, makes a little bounce, not very profitable but tempting,

[10:38] {Threei}  than dives sharply under support, shaking out premature buyers... and jumps right back up

[10:41] {Threei}  what's with FRPT?

[10:41] {Threei}  52 week high

[10:42] {geo} hey vad

[10:42] {geo} laserdave slacking?

[10:42] {Threei}  astute observation:

[10:42] {Threei}  IMF'S STRAUSS KAHN: EXPECTING 'SHARP' FALL IN FORECASTS IN GLOBAL GROWTH

[10:43] {Threei}  what am I, lasredave's keeper

[10:44] {geo} AND WHY NOT?

[10:44] {geo} oops

06[10:44] * Threei slowly unholsters the trout

06[10:45] * geo pulls sushi knives out

[10:45] {wishbone} mmmmm....sushi

[10:45] {fernp} LMDIA breakout?

[10:46] {Threei}  only if stays above .50, and half lot

[10:47] {fernp} ty

[10:51] {ese} missed it but perfect ascending triangle 1min chart ILMN.......picture perfect...

[10:51] {fernp} PDLI on highs

[10:52] {dino}  algt sm l .00

[10:53] {fernp} out LMDIA +.10 

[10:53] {Threei}  :)

[10:53] {dino} decl sm l trig .00

[10:55] {dino} deck i mean

[10:57] {magoo} dino lol

[10:57] {magoo} i was wondering

[10:57] {Threei} Long Setup:  RIMM  .75 if stays above .60

[10:58] {magoo} in

[10:58] {KSystems} in

[10:58] {fernp} in

[11:00] {magoo} need naz bounce

[11:01] {dptl} in.75

[11:01] {Threei}  no worky

[11:01] {KSystems} stopped

[11:01] {fernp} stopped

[11:01] {_cujo} ditto

[11:01] {dptl} stopped

[11:02] {geo} out

[11:02] {magoo} out

[11:02] {lisa_jay} ESE can i dcc you please...thanks.

[11:05] {fernp} out PDLI +.10

[11:05] {Threei}  nice steady scalping fern

[11:06] {fernp} you taught me

[11:06] {magoo} what size femp

[11:06] {magoo} 1k

[11:06] {fernp} no, 300

[11:07] {magoo} ok..ty

[11:07] {magoo} egle lead drys that time

[11:09] {ese} early day...see you all tomorrow

[11:09] {Threei}  take care ese

[11:09] {magoo} bye ES

[11:09] {fernp} bye ese

[11:11] {Threei}  NY JUDGE REPORTEDLY DISMISSES AMAZON SUIT OVER NY STATE INTERNET TAX COLLECTION

[11:12] {dino} algt stopped

[11:20] {Threei}  waiting out uncertain period

[11:20] {Threei}  morning worked nicely, even with all the restrains I put on my calls in order to minimize the risk,

[11:21] {Threei}  right now we are in period of stops accumulation if continue pushing

[11:22] {geo} flat here...

[11:22] {dptl} masi?

[11:22] {Threei}  Chaeron!

[11:22] {geo} mised the adbe which was a killer

[11:22] {Threei}  you found us

[11:22] {geo} hiya chaeron

[11:22] {KSystems} same here geo

[11:22] {Threei}  ADBE was fairly easy trade...

[11:22] {Chaeron} hey all... sorry about yestereday. Been so swamped

[11:22] {magoo} cjia broil:)

[11:23] {Threei}  bounced right into resistance, stalled...

[11:23] {Threei}  yeah right... you just couldn't figure out where we went

[11:24] {magoo} i miss old room

[11:24] {Chaeron} yeah well, you tried hiding but Larisa pointed which way you went

[11:24] {Threei}  I can see you standing in the middle of empty room, looking around

[11:24] {Chaeron} ditto magoo

[11:24] {magoo} i cant dcc..cant slap

[11:24] {Chaeron} well, it was very peaceful there Vad....

[11:24] {magoo} cant get mIRC up

[11:24] {Threei}  mags... as soon as you install mirc, this one will be just the same

[11:24] {geo} its magoos nightmare

[11:24] {magoo} wasted half hour

[11:25] {Threei}  we have girls here so I'll refrain from comments... but trust me, it's not easy

[11:26] {magoo} chaerons a girl?

[11:26] {Threei}  mags, really... we have quiet time in the market, ask Geo or Raven or KS for help

[11:26] {Threei}  it's easy

[11:26] {Raven} lol

[11:26] {Raven} RTFM magoo

[11:26] {Threei}  sorry R... I just had to involve you :)

[11:27] {magoo} ravens still mad about that crow remark

[11:27] {magoo} lol

[11:27] {Raven} sigh

[11:27] {Raven} R

[11:27] {Raven} T

[11:27] {Raven} F

[11:27] {Raven} M

[11:27] {Threei}  (US) SENATOR VITTER (R) FILES TO PREVENT RELEASE OF SECOND $350B TRANCHE OF TARP FUNDING

[11:27] {magoo} what the hex that mean?

[11:27] {Raven} Read the Fuc**** Manual

[11:28] {Threei}  read the fabulous manual

[11:28] {magoo} reality trader for men?

[11:28] {dptl} half out masi +.10

[11:28] {Raven} (instructions)

06[11:28] * Raven slaps magoo around a bit with a large trout

[11:28] {Threei}  why not dp... :)

06[11:28] * Raven slaps Threei around a bit with a large trout

[11:28] {Threei}  what did I do?

[11:29] {Raven} exposed me to Magoo?

[11:29] {Threei}  ah

[11:29] {Threei}  it was worth it...

[11:29] {Raven} lolk

[11:29] {Raven} oops

06[11:29] * Raven slaps Chaeron around a bit with a large trout

[11:29] {Raven} that's for being swamped

[11:29] {magoo} GS green..i maerket tell imo

[11:30] {magoo} raven bold whilest magioo cant retaliate lol

[11:30] {Raven} rofl

[11:30] {magoo} im slapping dino literally to relieve thisangst

[11:30] {Raven} magoo can't even spell magoo ... sigh

[11:31] {magoo} ROFLOL bird

[11:31] {Raven} poor dino

[11:31] {Threei}  lol

[11:31] {magoo} vad, i cant even paste here

[11:31] {magoo} and it was budsiness

[11:31] {dino} ouch

[11:31] {dino} ge smackdown

[11:32] {Threei}  it had news earlier

[11:32] {Threei}  11:11am [GE] Hearing weakness being attributed to estimates cut at Barclays (timing uncertain)

[11:42] {Threei}  market start s getting a feel of rally preparation

[11:43] {magoo} big move RIMM

[11:45] {Threei}  (US) SENATOR DURBIN (D): GETTING SENTATE APPROVAL OF THE SECOND $350B TRANCHE OF TARP FUNDING WILL BE CHALLENGING

[11:45] {dino}  like it won't happen, just posturing

[11:47] {Threei}  killing market meanwhile

[11:48] {Threei}  just when it consolidated for a break

[11:54] {Threei}  watch DRYS here

[11:55] {Threei}  if not losing .50 and market jumps back up, should be good for a scalp

[11:57] {Threei}  Chaeron... your FRPT is real hero today

[11:59] {dptl} in drys .54

[11:59] {Threei}  .60 break should provide spike for exit

[11:59] {Threei}  or half

[11:59] {Threei}  your choice

06[12:02] * Threei kicks market in the rear

[12:03] {geo} DRYS series of lower highs vad?

[12:03] {Threei}  if market resumes upward, DRYSS will reverse this pattern

[12:04] {Threei}  need NQ to break 1210

[12:05] {Chaeron} .

[12:05] {geo} stop .4?

[12:06] {Threei}  depends on your objectives

[12:06] {Threei}  under .45 for a scalp trade

[12:06] {Threei}  under .40 otherwise

[12:06] {dptl} out drys -.06

[12:06] {dptl} damn it......

[12:07] {Threei}  wow... such strong emotions for 6 cents stop?

[12:07] {dptl} lol.....

[12:07] {larisa} you kicking market all the time with no emotions vad ? :) 

[12:07] {Threei}  no, I just enjoy kicking

[12:08] {dptl} it's just funny i missed all morning plays and have to pick two loosers rimm and drys 

[12:08] {nemo} enjoyent is an emotion

[12:08] {geo} same here dp

[12:08] {geo} net neg now

[12:10] {dino} once again, i haven't done much today

[12:10] {hawkfan4} smart dino, this is one tricky mess of a market

[12:11] {dino} too tight of range

[12:13] {magoo} frustrating mkt..u gota hit the first 15 mins and last

[12:15] {geo} BNI

[12:15] {dino} frustration incorporated

[12:18] {Threei}  we are approaching another uncertan period with all the fighting about stimulus package and TARP after inauguration

[12:18] {Threei}  not unlike we had in Sept-Oct

[12:19] {dino} and ironically, it will be tossed around for week or so and ultimately approved, but...damage everything in the way in the process

[12:19] {Threei}  true

[12:19] {Threei}  just like back then

[12:20] {nemo} that will probably move trading to the long short etfs

[12:20] {Threei}  this relentless selling pressure yestyerday was total remiscenses of those days

[12:21] {Threei}  wehandled it well back then by being careful and picky... will do the same this time around

[12:21] {Threei}  then bull wave will come

[12:21] {Onix} hope springs eternal :)

[12:22] {Threei}  wanna bet?

[12:22] {dino} imo, range bound for many more months 8300-9000

[12:22] {dino} time will tell

[12:22] {larisa} i say we will have rally starting late today into inauguration day. hen another rally for stimulus and another rally for obama's new puppy. ( lets try to be positive !)

[12:23] {Threei}  hmmm

[12:23] {Threei}  pappy rally

[12:23] {Threei}  puppy

[12:23] {Threei}  sounds good to me

[12:23] {Onix} a totally new one

[12:23] {magoo} prob is vad..seasonality..mkt will blow until june..then summer blows..only bull will be 12 days in december

[12:23] {Threei}  lol

[12:23] {i2romantis} lol

[12:23] {dino} lol larisa

[12:25] {dino} rally coming soon magoo, cramer whining nothing works

[12:26] {magoo} true dat dino..he been good contra

[12:26] {dino} he had everybody buying at 9k again, and now selling at 8400

[12:26] {dino} been doing this since he bragged about the july lows being the ultimate lows

[12:27] {magoo} im surprised hes not wearing a bullet proof vest on the show

[12:27] {hawkfan4} lol, no kidding

[12:28] {Threei}  lol

[12:28] {dino} it's a hologram

[12:28] {Threei}  AMZN

[12:28] {Threei}  MOODY'S PLACES RATINGS ON REVIEW FOR POSSIBLE UPGRADE

[12:28] {Threei}  - The review for possible upgrade is prompted by Amazon's announcement that it had achieved its best holiday sales performance ever.

[12:29] {Threei}  Amazon's ability to achieve sizable sales growth with a reasonable level of profitability during a very challenging retail climate is strong evidence of the stability and success of Amazon''s business model.

[12:31] {Threei}  don't trade it, let's just see whether my feel for the market is right... feels to me like sharp spike is coming

[12:34] {Threei}  meanwhile, I feel deeply confused... e-mail from a russian girl looking for a man, name in address is evangelina... e-mails starts with:

[12:34] {Threei}  Hello. My name is Olga

[12:34] {Threei}  and ends with:

[12:34] {Threei}  Tired from loneliness Evgenija

[12:34] {Threei}  ummm

[12:35] {Threei}  which of three is it??

[12:36] {nemo} all three?

[12:36] {geo} GS and JPM breaking

[12:36] {hawkfan4} I'm guessing Olga is the real name

[12:36] {dino} bi-polar gal

[12:36] {KSystems} her sisters are coming as well, vad

[12:36] {geo} lol

[12:36] {Threei}  ah

[12:36] {geo} K has it

[12:37] {wishbone} ya and her photos are real too

[12:37] {dino} twins perhaps

[12:37] {Threei}  you europeans know your neighbours :)

[12:37] {geo} ahhhh bck in back nicely

[12:37] {dino} deck finally moves

[12:37] {geo} i like my bank JPM

[12:38] {geo} back in black

[12:38] {Threei}  what did you do geo?

[12:38] {geo} bought pullback in JPM watching GS

[12:38] {geo} the scans uses option vol as filter

[12:39] {Threei}  look at GS volume

[12:39] {geo} ?

[12:39] {Threei}  half day, volume is equal yesterday's already

[12:40] {geo} yup

[12:40] {geo} i am trying to reduce breaking candidates by option vol

[12:40] {geo} just experimenting

[12:40] {geo} apol gap filling

[12:41] {geo} was there news?

[12:41] {geo} not in it

[12:42] {Threei}  lol... spike was dismall and not very very sharp

[12:42] {geo} no mojo

[12:42] {hawkfan4} 13-Jan-09 10:11 ET In Play Apollo Group drops over 2.50 in past few minutes; weakness attributed to Citron Research report saying growth is more of a one-time bump than a sustainable trend and discussing lawsuit disclosure (84.02 -2.50) -Update :  

[12:42] {i2romantis} c'mon vad, we rely on you, our oracle!

[12:42] {dino} -6

[12:43] {dino} was up 10 fri i think

[12:43] {Threei}  after strong morning we are back to yesterday's pattern of seling pressure

[12:43] {geo} yes yes

[12:44] {geo} I hav some puts that ned to go in money

[12:44] {Threei}  waiting it out, don't want to accumulate unnecessary stops

[12:44] {i2romantis} looks like a bull flag on DRYS, wavy, slow winds, some precipitation

[12:45] {dino} record low temps, and snow here

[12:45] {Threei}  yes i2r, it's just it's unlikely to do much without market help

[12:46] {patience} mild again here dino, songbirds are back

[12:48] {dino} apol gap around 77.40

[12:48] {dino} nice patience

[12:49] {patience} i don't do winter well dino, although snow motivates me to trade  :)

[12:52] {Threei}  YHOO

[12:52] {Threei}  WSJ: CAROL BARTZ TO BE NAMED CEO -

[12:53] {Threei}  YHOO likes him

[12:53] {KSystems} him?

[12:53] {larisa} lol

[12:53] {Threei}  her?

[12:53] {geo} my god

[12:55] {Threei}  scalpable on pullbacks

[12:55] {Threei}  - Carol Bartz is current ADSK Chairman and former CEO of ADSK

[12:55] {Threei}  - Note: This appointment has been speculated by a variety of sources including the WSJ over the last week{

[12:56] {Threei}  wow

[12:56] {Threei}  no more pullbacks?

[12:56] {Threei}  one to .30 I grabbed

[12:56] {Threei}  sold .46

[12:57] {Threei}  back in

[12:57] {Threei}  .44

[12:58] {geo} confused

[12:58] {KSystems} wheres your stop here?

[12:58] {Threei}  scalping stop, under .40

[12:58] {Threei}  not giving it much breathing room

[12:59] {Threei}  market is too weak

[12:59] {Threei}  out

[12:59] {KSystems} stopped

[13:00] {geo} in .39

[13:01] {geo} out not sure... .44

[13:01] {Threei}  yeah, shortlived news effect

[13:01] {Threei}  fizzles out wquickly

[13:03] {Threei}  all the way back

[13:05] {Threei}  I guess company fundamentals changed over last 15 minutes greatly to the upside and then to downside

[13:06] {larisa} DRYS wants 15 ?

[13:06] {i2romantis} looks good so far :)

[13:06] {Threei}  almost there

[13:08] {Threei}  PLD is holding fairly well

[13:16] {Threei}  not aymore

[13:20] {Threei}  ADBE is not selling with market, consolidates under .20

[13:20] {Threei}  if stays here, becomes a long candidate on .20 break if market shows strength

[13:20] {Threei}  which is a biiiig if

[13:22] {Threei}  with loss of .10, not terribly interested anymore

[13:23] {Threei}  selling accelerates

[13:23] {KSystems} this day is "zh" again

[13:23] {Threei}  DRYS 15

[13:29] {i2romantis} PALM looks interesting, i think

[13:30] {Threei}  pretty much market dependent i2r

[13:31] {Threei}  it has lost its own mojo as it usually happens with news-impacted stocks

[13:31] {Threei}  they become market followers when news effect wears off

[13:31] {KSystems} welcome, lexo

[13:31] {Threei}  look at its chart today

[13:31] {Threei}  pretty uch market miror

[13:31] {Threei}  hi lexonet, welcome

[13:32] {_lexonet05} hi there

[13:34] {Threei}  big offer at 15 DRYS

[13:34] {Threei}  break is scalp trigger

[13:34] {Threei}  if holding above .90

[13:35] {Threei}  chewing

[13:35] {magoo} in

[13:36] {Threei}  keep stop under .90 if for scalp, under .85 if want to try for more

[13:36] {Threei}  we formed double bottom

[13:37] {Threei}  just confirmed by break of the top between lows

[13:37] {Threei}  BBs shaped up right too

[13:37] {Threei}  main concewrn is general market mood that hasn't seen any silver lining in hours

[13:38] {Threei}  since first 30 minutes after opening actually

[13:39] {Threei}  hit 1:1 for a jiffy... really hard to tell whether it has a chance for bigger recovery

[13:40] {Threei}  chomping through that offer, you'd think it must have more enthusiasm than this eh?

[13:40] {peterg} software issue: has anyone been able to enable MIRC? I think the instructions on the RT website do not compute.

06[13:41] * geo is insulted

[13:41] {peterg} could be a start

[13:41] {geo} where was that monastryd? again va

[13:41] {Threei}  most are on mirc here peter

[13:41] {geo} shesh

[13:41] {peterg} ahso

[13:42] {geo} where was that monastry again vad?

[13:42] {Threei}  wow... something just tripped market

[13:43] {peterg} I go to mirc; connect brings up different looking page, with nickname greyed out.

[13:44] {peterg} pluss at top of page reads IRC servers; Connect to IRC server

[13:45] {peterg} File / connect/

[13:45] {KSystems} stopped

[13:45] {Threei}  no staying power whatsoever

[13:46] {Threei}  see PALM, i2r?

[13:47] {peterg} hmmmm

[13:48] {Threei}  PREVIEW: DEC MONTHLY BUDGET STATEMENT DUE OUT AT 2PMET

[13:48] {Threei}  **consensus expectations: -$83.0Be

[13:48] {Threei}  I guess market doesn't expect it to be record high eh

[13:53] {i2romantis} yeah, PALM is funky, gaven in to the market

[13:54] {i2romantis} given*

[13:56] {Threei}  brutal smakdowns one after another

[13:57] {dino}    8364, 857, 1158 support 12/29

[13:57] {Threei}  IMF OFFICIAL: CURRENT CRISIS MAKES THE NEED FOR CHINESE FX REFORM MORE URGENT

[13:57] {Threei}  China: you guys think you have right to teach anyone how to run economy?

[13:58] {Threei}  IMF... yeah... sorry

[14:00] {Threei}  DEC MONTHLY BUDGET STATEMENT: -$83.6B V -$83.0BE

[14:00] {Threei}  under the circumstances, sounds like the best we could hope for

[14:03] {Threei}  one of these bounce attempts finally is going to chew through the attempt to smack it down again, and to start menaningfyl bounce

[14:04] {geo} CVS

[14:05] {geo} wow fast

[14:08] {Threei}  dontrend is broken on intraday

[14:10] {Threei}  to try this pullback: RIMM .70 break, half lot

[14:11] {Threei}  with stop under .60

[14:12] {Threei}  1:1

[14:12] {jmb} thanks vad

[14:12] {Threei}  :)

[14:12] {magoo} u timed rimm great vad

[14:12] {Threei}  missed DRYS quick trip to 15

[14:12] {magoo} i caught drys

[14:13] {magoo} missed rimm

[14:13] {KSystems} out RIMM .89

[14:13] {Threei}  OK, considering your hatred for DRYS and love RIMM{ this is highly ironic

[14:13] {Threei}  DRYS explosion

[14:13] {magoo} i hate rimm today..i fickle

[14:14] {geo} all out .88

[14:14] {Threei}  gosh... your passions are so fleeting

[14:14] {_jamie} iwent long drys back around 15

[14:14] {geo} thanks vad

[14:14] {Threei}  good entry jamie

[14:14] {Threei}  control your reisk if you haven;'t sold yet

[14:14] {Threei}  protect profits by partials

[14:14] {_jamie} ok

[14:15] {Threei}  who prefers to partial RIMM and try to ride it, stop to under b/e and try to offer around 46.20

[14:16] {Threei}  serious bidder at .88

[14:17] {Threei}  real too

[14:18] {Threei}  DRYS nice pullback

[14:19] {_jamie} im still 1/2 in it seems kinda bullish

[14:20] {Threei}  as always with this one... it's in market's hands

[14:21] {Threei}  and market lost will to live again

[14:21] {_jamie} ok out

[14:25] {_jamie} so Vad, a good trade these days last how long?  a minute and half?

[14:25] {Threei}  lol

[14:25] {Threei}  I measure them in cents rather than in minutes

[14:26] {_jamie} right on

[14:26] {_jamie} that was a nasty little selloff

[14:26] {Threei}  I mean, trying to remember last time when saleperson suggested that I pay in time units instead of dollars, I have hard time recalling any

[14:26] {_jamie} haha

[14:26] {Threei}  so what do I care how long it takes :)

[14:27] {Threei}  {Market, melancholically} what's life? what's happiness? are there any?...

[14:27] {_jamie} sure there are

[14:28] {Threei}  tell that to market

[14:28] {Threei}  'cause it certainly doesn't think so

[14:28] {_jamie} market is just people, no?

[14:28] {Threei}  market is this big fire-breathing dragon we are out to slay

[14:28] {Threei}  and right now it has bellyache

[14:29] {_jamie} lemme strap on my suit or armor

[14:29] {_jamie} market is a pissed off dragon

[14:29] {Threei}  you better, because when it has heartburn...

[14:29] {geo} how low can BNI go?

[14:30] {Threei}  not much... just 65 bucks more

[14:31] {Threei}  so, if today is repetition of yesterday to any degree, DRYS should sell down a buck more, than rally back here into close

06[14:32] * Threei bids DRYS 14.01

[14:33] {Threei}  WSJ: SENATORS RAISING QUESTIONS ABOUT TIMOTHY GEITHNER NOMINATION; AT ISSUE IS IMMIGRATION STATUS OF A HOUSEKEEPER

[14:33] {Threei}  - also at issue is a report Geithner failed to pay social security taxes for a number of years

[14:33] {Threei}  - Geithner's nomination hearing is scheduled for later this week.

[14:33] {magoo} is there a Q long trigger vad???

[14:33] {Threei}  not really

[14:33] {Threei}  chaotic up and down

[14:34] {Threei}  (US) SENATE MINORITY LEADER MCCONNELL (R): REPUBLICANS ARE NOT SATISFIED WITH SUMMERS LETTER ON TARP PROGRAM, WANT TO HEAR MORE ABOUT TARP RENEWAL PLANS

[14:34] {Threei}  with all this mess, it's a miracle market stages any upticks whatsoever

[14:35] {Threei}  secretary of treasury not paying taxes?

[14:38] {geo} wow they had no probs when he served republicans

[14:38] {geo} my house keeper in an independent contractor

[14:38] {Threei}  US) SENATE MAJORITY LEADER REID: BELIEVES THERE ARE ENOUGH VOTES TO PASS THE SECOND TRANCHE OF TARP FUNDING

[14:38] {Threei}  there you go

[14:38] {geo} and drives a better car than me

[14:38] {Threei}  total repetition of first TARP passage days

[14:38] {geo} sheesh

[14:39] {Threei}  every 10 minutes new turns of events, or rumor, or speculation,

[14:39] {Threei}  and market jumping up and down on each and every of them

[14:39] {patience} when have politicians ever had difficulty spending taxpayer's money

[14:40] {Threei}  anyone held RIMM?

[14:40] {Threei}  feel free to dump it around here

[14:40] {magoo} out .32 DRYS + .32

[14:41] {_jamie} there's a rally breaking out

[14:41] {Threei}  if you observer market and DRYS together, you can see interesting pattern of delay

[14:42] {Threei}  market spikes sharply, DRYS repeats it with delay enough for entry

[14:42] {Threei}  scalpable pattern

[14:42] {Threei}  14:41 markmet spike

[14:42] {Threei}  DRYS sat under .30

[14:42] {Threei}  next minute or two spiked to above .40

[14:43] {Threei}  usually impossible to call in tyime, see if ytou can get a feel for those on your own,

[14:43] {Threei}  major rule is:

[14:44] {Threei}  do not react on each market tick,

[14:44] {Threei}  what you want is sharp spike of a decent size

[14:44] {Threei}  that 11:41 candle is what you are looking for

[14:45] {nemo} which index vad?

[14:46] {Threei}  anything tracking NASDAQ

[14:46] {Threei}  NQ, QQQQ, NDX

[14:46] {Threei}  10 cents on exactly this kind of delay just now

[14:46] {Threei}  .33 - .43

[14:46] {Threei}  this is pure scalping footwork

[14:47] {Threei}  if you do not scalp, have slower broker.... stay away from this kind

[14:48] {Threei}  C

[14:48] {Threei}  SET TO ANNOUNCE A MAJOR REORGANIZATION - WSJ CITES SOURCES

[14:48] {Threei}  - Note: Earlier today CNBC's Gasparino commented on Citigroup's potential plans to rid themselves of the 'supermarket' model, and focus itself

[14:53] {magoo} read on DRYS vad??

[14:53] {larisa} market does not care if Geithner will lose nomination ? it ran up like crazy when he was nominated

[14:54] {Threei}  there is no read on it per se mags

[14:56] {magoo} gonna depend on mkt

[14:56] {Threei}  yeah, and market changes on a dime today

[14:57] {Threei}  market spike

[14:57] {Threei}  and drop

[14:57] {Threei}  all within one minute

[14:57] {Threei}  now tell me what the read is {G}

[14:58] {magoo} cant remember any opther way boss

[14:58] {Threei}  on and one more spike

[14:58] {Threei}  same minute

[15:04] {nemo} Have to go.  Probably going to miss the excitement.

[15:04] {Threei}  US) SENATOR HATCH (R): NOTES HE HAS "NO PROBLEM" WITH GEITHNER NOMINATION AS TREASURY SECRETARY

[15:05] {Threei}  take care nemo

[15:05] {Threei}  hewre comes the excitement

[15:07] {magoo} pick something 

[15:07] {magoo} but be correct

[15:07] {Threei}  hmm?

[15:07] {larisa} it's a trap vad

[15:08] {Threei}  I don't even know what I am supposed to pick

[15:08] {Threei}  market direction?

[15:08] {Threei}  shoelaces?

[15:08] {dino} down

[15:09] {dino} feels like yesterday's action, dji

[15:09] {Threei}  very much

[15:10] {dino} charts similar

[15:12] {dino} if i had to bet, tomorrow 100+ pts up djo, 20+ndx, 20+ s&p

[15:12] {Threei}  the only difference is, DRYS never dropped to 14

[15:12] {Threei}  too bad

[15:13] {Threei}  my 14.01 bid is not getting filled

[15:13] {Threei}  I think it's a borker's fault

[15:13] {dino} because oil and baltic up, maybe

06[15:13] * Threei slaps laserdave around a bit with a large and angry question why no fill on a bid a dollar beow the market

[15:16] {peterg} ok prev problem was with older version of mirc. Now the new one has connected me with a group discvussion about Norway.

[15:16] {Threei}  cool

[15:17] {Threei}  new body of knowledge

[15:17] {peterg} I am going to use this pplatform for now. exhaustion factor

[15:17] {Threei}  instruction starts with line:

[15:18] {Threei}  download fresh copy of mirc

[15:18] {peterg} did so, but it did not overwrite old one

[15:18] {peterg} thought it did

[15:18] {peterg}  it seemed to imply it did

[15:18] {peterg} owell

[15:18] {geo} comon peterg

[15:18] {geo} old one installs in c:\RTC

[15:18] {dino} bbep

[15:18] {geo} new one in program files/mirc

[15:19] {geo} you clicking the old shortcut?

[15:19] {peterg} no more buddy

06[15:19] * geo switched to iphone from blackberry and has been freed

[15:19] {dino} i'm w/you peter, couldn't get it

[15:19] {geo} no comparison

[15:21] {geo} umm vad.. anyway we can make instructions simpler/shorter?

[15:21] {Threei}  asking me?

[15:21] {geo} didnt you do some shortcuts?

[15:21] {Threei}  write simpler instructions, I'll put them up there :)

[15:21] {dino} wynn nice double bottom, daily

[15:21] {geo} lol

[15:24] {Threei}  SAY

[15:24] {Threei}  TICKING HIGHER, HEARING CHATTER CIRCULATING ON POTENTIAL GOVT BAILOUT

[15:24] {Threei}  wow

[15:24] {Threei}  bailout for fraud??

[15:25] {Threei}  lol, look at this

[15:25] {Threei}  SENATOR CORKER (R- TENN): CHRYSLER HAS TO MERGE WITH SOME OTHER COMPANY, OR 'GO AWAY'

[15:25] {Threei}  - Concerned that GM may not meet its restructuring targets due to its 'unsustainably high' debt load

[15:25] {Threei}  - Note: Sen Corker was among those in in November who advocated a GM/Chrysler forced merger

[15:25] {Threei}  - Note on 1/12: GM COO remarked that GM has "too much work on its plate" to consider a merger with Chrysler. {GM F}

[15:26] {larisa} if we rally into the close as I promised, vad will have to stp kicking spitting and cursing.

[15:26] {larisa} stp=stop

[15:26] {i2romantis} i agree

[15:26] {Threei}  why??

[15:26] {larisa} my conditions, or no rally

[15:28] {Threei}  next thing I know I am forbidden to throw stones in neighbor windows??

[15:28] {Threei}  come on, there should be room for fun in life

[15:28] {Threei}  and my personal definition of fun includes all three you are trying to take away from me

[15:29] {i2romantis} any message on greed? when enough's enough?

[15:29] {i2romantis} contemplating to do a trade, but don't want to overtrade :)

[15:29] {dino} greed, for lack of a better word, is good

[15:29] {Threei}  G. Gekko

[15:29] {i2romantis} ic

[15:30] {Threei}  C

[15:30] {Threei}  BOARD APPROVES BROKERAGE JV WITH MS

[15:30] {dino} peter getting kicked around a bit

[15:31] {Threei}  wow

[15:31] {Threei}  now what?

[15:32] {Threei}  SQNM

[15:32] {Threei}  big spike with volume

[15:32] {Threei}  CNBC hype?

[15:33] {larisa} second time today

[15:33] {Threei}  yeah

[15:33] {Threei}  TICKS HIGHER ON POSITIVE MENTION BY A FUND MANAGER APPEARING ON CNBC

[15:34] {dino} because fund managers have been so right for so long

[15:35] {dino} 3:35-40 bounce

[15:35] {magoo} or  crash

[15:35] {magoo} worx both ways

[15:36] {Threei}  anyone got this scalp on DRYS on a trick I described earler?

[15:36] {Threei}  .34 was big offer holding it down when market spiked

[15:37] {magoo} me vad

[15:37] {Threei}  easily available

[15:37] {Threei}  cool beans mags

[15:37] {Threei}  it's just a scalp trick, don't oversit

[15:37] {magoo} out boss

[15:41] {Threei}  FED'S KOHN: FED IS TAKING A HARD LOOK AT THE MUNI MARKET TO SEE WHETHER FED FUNDS COULD HELP

[15:42] {dino} why don't they just form a fed insurance company and provide insureance for premiums

[15:48] {dptl} have a good evening all

[15:48] {Threei}  take care dp

[15:50] {Threei}  I may have gotten the best of both worlds

[15:50] {Threei}  I never gave up kicking and cursing

[15:50] {dino} well we got the 3:40 rally

[15:50] {Threei}  yet got rally

[15:50] {i2romantis} partial exits are awesome!

[15:50] {dino} 80+ points, yesterday had one too 3:45ish

[15:50] {i2romantis} of course on the upstream

[15:55] {Threei}  how about one more parting spike, market?

[15:55] {i2romantis} was married to PALM today, and it worked out well

[15:55] {Threei}  no comments by anyone please

[15:59] {larisa} bye all   :) 

[15:59] {i2romantis} bye larisa

[15:59] {Threei}  ok guys

[15:59] {wishbone} good nite all

[15:59] {Threei}  as nice as morning was, the rest of the day was tiring

[16:00] {Threei}  tomorrow should be better

[16:00] {Threei}  or not

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening

[16:00] {_cujo} have a good one

[16:00] {Threei}  see you tomorrow

[16:00] {KSystems} you too

[16:00] {i2romantis} see you 3i

[16:00] {KSystems} and thank you!

[16:00] {magoo} ty vad

[16:01] {geo} ended the day in green .... am gratefull in this wierd market

[16:02] {geo} thanks 

[16:02] * Threei slaps geo around a bit with a large reminder to stop with pesimism, and things will work out much better

[16:02] {geo} lol

[16:02] {Threei}  question

[16:02] {geo} sorry

[16:02] {geo} ?

[16:02] {Threei}  have you ever in your life

[16:03] {geo} didnt know being gratefull was pessimism

[16:03] {Threei}  seen a person who said "it's too hard, I can't do it, I am useless" etc, along these lines

[16:03] {Threei}  AND succeeded?

[16:04] * geo mutters he was happy to be green and now has to ponder meaning of life

[16:04] {Threei}  lol

[16:04] {Threei}  no, I am mostly addressing earlier remarks

[16:04] {geo} from me?

[16:05] {dino} if you think you can, or can't, you are right

[16:05] {Threei}  (whispering) do I care who was it who uttered them?

[16:05] {Threei}  eqzaktly dino

[16:05] {geo} They saw with time even a rope drawing water from a well leaves marks on stone walls

[16:05] {geo} say

[16:05] {Threei}  can't tell you how often I heard:

[16:05] {geo} hows that for a saying !

[16:05] {Threei}  no matter what I do, it doesn't work

[16:06] {Threei}  or

[16:06] {Threei}  any trade I take is sure to turn against me

[16:06] {Threei}  or

[16:06] {Threei}  it's like market just waits for me to enter, and turns around right away

[16:06] {Threei}  etc,. you know the kind

[16:06] {geo} lololol

[16:06] {i2romantis} lol

[16:06] {geo} its that guy I was talking about

[16:06] {i2romantis} I've said that before 

[16:06] {Threei}  what I never ever saw is

[16:06] {geo} he just said that yesterday

[16:07] {Threei}  someone succeeding while thinking along these lines

[16:07] {Threei}  I am not saying positive thinking magically turns things around by itself, far from it

[16:07] {Threei}  but it's a foundation

[16:07] {Threei}  without it you have nothing to build on

[16:08] {geo} i dont know too many neagative sucessfull people

[16:08] {Threei}  and one more thought to leave you with for the night

[16:08] {geo} actually none

[16:08] {Threei}  it's actually going to be a quote from my next book, consider it sneak preview

[16:08] {dino} uh oh

[16:08] {i2romantis} next book? sounds good !

[16:09] {Threei}  even fear, one of the most impedimental eemotions,

[16:09] {Threei}  has some useful applications.

[16:09] {geo} true

[16:09] {i2romantis} true that.

[16:10] {Threei}  But self-doubt is the most wasteful and useless state of mind, accompl.ishing nothing but total and absolute waste of time and energy.

[16:10] {geo} true....

Jan 12, 2009

One of those days when nothing works. You do your best to lose money, and succeed. We succeeded.

[08:11] {Threei}  Good morning

[08:12] {Threei}  PALM activity

[08:12] {Threei}  DRYS activity

[08:14] {Threei}  LEN defense

[08:14] {Threei}  RELEASES STATEMENT CONCERNING RECENT STOCK PRICE ACTION

[08:14] {Threei}  To protect our investors, the information we are disclosing today confirms the following:

[08:14] {Threei}  -- COO Jon Jaffe, did not receive a mortgage on his home or any other indebtedness connected to the company.

[08:14] {Threei}  - Lennar never "treated its joint ventures like a Ponzi scheme." -

[08:14] {Threei}  - Lennar has never siphoned cash from one joint venture to another.

[08:15] {Threei}  etc

[08:15] {Threei}  a lot of lines starting with "we never"

[08:15] {patience} good morning  :)

[08:15] {Threei}  patience :)

[08:21] {Threei}  CHYRSLER CEO NARDELLI: CHRYSLER WILL SELL ELECTRIC VEHICLES BY THE END OF 2010, SEES SELLING 500K ELECTRIC UNITS BY 2013 - CNBC INTERVIEW

[08:21] {Threei}  CEO: EXPECTS SUPPLIERS TO FACE CHALLENGES IN FEB, MARCH - CNBC INTERVIEW

[08:21] {Threei}  - Planning for oil at $130-160/bbl in the future, sees switch to smaller vehicles continueing over time.

[08:27] {Larisa} good morning :)

[08:28] {Threei}  Larisa :)

[08:28] {Larisa} threei :)

[08:32] {dptl} good morning all

[08:32] {Threei}  dp :)

[08:32] {Threei}  BALTIC DRY BULK INDEX UP +1.9%, A FIFTH STRAIGHT ADVANCE

[08:34] {KSystems} Hello wizeman

[08:35] {Onix} Good morning all

[08:35] {_wizeman} test

[08:36] {Threei}  Omix :)

[08:36] {Threei}  good morning wizeman, you are OK

[08:36] {_wizeman} thanks

[08:36] {dptl} is there any way to hide activity like: whoever join room or got kicked out?

[08:36] {Threei}  yes

[08:37] {Threei}  right click, Event

[08:37] {Threei}  look for boxes Joins, Quits

[08:38] {Threei}  select Hide

[08:38] {Threei}  found it?

[08:39] {dptl} right klick where?

[08:39] {Threei}  on the button in upper bar saying #discussions

[08:40] {dptl} got it ty :)

[08:40] {cosmo} mIRC no worky

[08:40] {Threei}  mirc worky

[08:40] {cosmo} nobody there

[08:40] {cosmo} 'cept magoo...

[08:40] {Threei}  sure, you connect old room

[08:41] {geo} gm all

[08:41] {cosmo} k

[08:41] {Threei}  while we all migrated to new one

[08:41] {Onix} hi geo

[08:41] {Threei}  tell magoo to get with the program...

[08:41] {Threei}  geo :)

[08:41] {cosmo} figures...

[08:41] {Threei}  have you guys gotten an e-mail??

[08:41] {KSystems} magoo decided to stay on Bermuda instead :)

[08:41] {Threei}  or have you been here on Friday when we all tested new room?? :)

[08:41] {Onix} anyone know hw i may enlarge the script here please?

[08:42] {Threei}  you are using mirc or hobbit Onix?

[08:42] {geo} i gotone saturday

[08:42] {hawkfan4} got the email vad

[08:42] {Threei}  great... onviously magoo doesn't read his...

[08:42] {Onix} it says mibbit irc

[08:42] {Threei}  OK... I don't know that one, sorry

[08:43] {geo} so i paid and go rif of mirc registration

[08:43] {KSystems} one sec onix

[08:43] {Threei}  cosmo, told magoo to go read the instructions on new login?

[08:43] {geo} they were running a 10 dollar lifetime special

[08:44] {cosmo} new?

[08:44] {geo} hmm I thougt magoo was kidding about his pc skills

[08:45] {Threei}  I think he missed the whole thing geo

[08:45] {geo} ahhh

[08:46] {_jamie} Good morningVad

[08:46] {Threei}  morning jamie

[08:47] {geo} i logged in old room and left him the instructions link

[08:47] {Threei}  and I sent him e-mail

[08:47] {cosmo} do i have to download a new mIRC ?

[08:48] {Threei}  yes cosmo

[08:48] {geo} yeas i think

[08:48] {cosmo} k

[08:48] {Threei}  look for instructions at that page and follow them literally

[08:48] {Threei}  you'll be fine

[08:48] {i2romantis} any thoughts on palm today?

[08:48] {i2romantis} and morning everyone :)

[08:48] {Threei}  i2r :)

[08:50] {Threei}  not sure about PALM at this point

[08:50] {Threei}  its Fri high is 6.58

[08:50] {i2romantis} i have an overnight pos at 6

[08:50] {i2romantis} so I'll exit then

[08:51] {Threei}  if it consolidates close to that high for a while then breaks it with solid volume, that would likely indicate another leg up starting

[08:51] {Threei}  with overnight, your question to yourself is:

[08:51] {Threei}  self, did you want a gap or swing trade?

[08:51] {KSystems} Onix: i am trying to find it out, give me a few mins please

[08:51] {Threei}  if gap, you got it, take your profit and don't get too cocky

[08:52] {i2romantis} gap

[08:52] {i2romantis} k

[08:52] {Threei}  if swing, then let's see where your indications are for a) trade failure b) continuation

[08:52] {i2romantis}  ok

[08:52] {Threei}  and place stops and targets accordingly

[08:53] {i2romantis} one thing though, during premarket i'm not able to put an automatic stop, does your system allow you to do that?

[08:53] {Threei}  hmmm... anyone tried?

[08:53] {Threei}  I don't know, really... I rarely if ever use them even in normal trading

[08:53] {i2romantis} i'm out now

[08:53] {i2romantis} ok

[08:53] {i2romantis} thx vad

[08:54] {Threei}  my guess would be, stops limits should work

[08:54] {Threei}  stop markets, not sure

[08:54] {Threei}  because technically there is no market until it's open

[08:54] {i2romantis} true

[08:54] {Threei}  could be different for ECNs though, don't know

[08:54] {i2romantis} ok

[08:59] {Threei}  morning spotlight, welcome

[08:59] {_stoplight} thanks

[09:05] {Threei}  keep an eye on PALM, trying to make its way to Fri high

[09:05] {Threei}  DRYS, pullback is a bit too deep for my taste

[09:05] {Threei}  but we will see

[09:06] {Threei}  if those huge offers at 6.50 get taken on PALM, probably deserves a shot

[09:06] {dptl} with stop under .40?

[09:07] {Threei}  premarket is tricky thing

[09:07] {Threei}  I'd rather go for half lot and wider stop

[09:07] {dptl} mised it anyway

[09:07] {Threei}  breaking Fri high

[09:08] {fernp} Hello everyboy

[09:08] {Threei}  fern!

[09:08] {KSystems} Onix: You cannot change font size on-the-fly at the moment

[09:08] {Threei}  welcome back

[09:08] {fernp} thank you

[09:09] {dino} i2r, pre and after hours stop limits not allowed for me either

[09:09] {Onix} ty ks

[09:09] {dino} gm all

[09:09] {Threei}  morning dino

[09:09] {dino} this room only today

[09:09] {Threei}  did magoo get lost in cyberspace?

[09:09] {lisa_jay} Good Morning.

[09:09] {Threei}  lisa :)

[09:10] {Onix} hi lisa :)

[09:10] {lisa_jay} Hi Guys.

[09:10] {KSystems} Good morning everyone!

[09:10] {Threei}  ks :)

[09:11] {Threei}  anyone went for PALM, feel free to sell half or take scalp here

[09:12] {dino} magoo is lost in space

[09:12] {Threei}  sigh

[09:12] {dino} he's trying

[09:12] {Threei}  tell him his manner to ignore me finally caught up with him {G}

[09:13] {cosmo} getting lost?

[09:14] {Threei}  who partialled out, trail PALM balance stop to .45 and try to catch an exit on the next spike

[09:14] {Threei}  closer to .80

[09:18] {Threei}  dino... tell mago to use browser connection for now, he is trying to use old mirc and it connects him, naturally, to old room

[09:19] {KSystems} OK...replay is now working for mibbit users

[09:19] {Threei}  and while you are at it, can you put your elbow in his ribcage? I will owe you debt of gratitude

[09:20] {dino} lol

[09:22] {Threei}  want to skip first minutes after opening

[09:22] {brian3579} gm all

[09:23] {Onix} hi brian :)

[09:23] {Threei}  market feels like typical Monday so far - not sure what it looks like, looking at itself in the mirror, trying to remember its name and why it drank so much and with whome

[09:23] {Threei}  brian :)

[09:23] {Onix} :D

[09:23] {Threei}  wow

[09:23] {Threei}  magoo made it

[09:23] {Threei}  dino's elbow helped I bet

[09:24] {magoo} JESUS lol

[09:24] {Threei}  ese is still wandering the cyberspace

[09:24] {magoo} now what vad

[09:24] {magoo} MIRC?

[09:24] {Threei}  how about you get to it later?

[09:25] {Threei}  it's challenging... for the Monday morning hangover

[09:25] {i2romantis} probably because ese trying to use a diff nick?

[09:25] {magoo} i used to click an icon on my logup screen for old room

[09:25] {magoo} is that what i need to download?

[09:25] {Threei}  that;s how it will be when you onfigure new one

[09:25] {magoo} ok..later

[09:26] {Threei}  yeah

[09:27] {Threei}  watch DRYS here

[09:27] {Threei}  16.60 area is support

[09:27] {Threei}  if sels into it or sharply spikes lower, should be easy scalp

[09:30] {Threei}  quote from Oct 29:

[09:30] {Threei}  [12:23] {Threei} (RU) RUSSIAN AMBASSADOR TO EU: RUSSIA IS "TOO CIVILIZED" TO CUT OFF ENERGY SUPPLIES TO THE EU

[09:30] {Threei}  [12:24] {Threei} let's remember this 'too civilized"

[09:30] {Threei}  [12:24] {Threei} my prediction is, come winter we will have a few occasions to return to this sentence

[09:30] {Threei}  OK, DRYS

[09:30] {Threei}  prepare half lot entry

[09:30] {Threei}  next sharp spike down

[09:31] {Threei}  .55 long

[09:31] {Threei}  if stays above .40

[09:31] {Threei}  that ws fast

[09:31] {Threei}  no chasing

[09:31] {Threei}  if you missed it you missed it

[09:32] {magoo} i tried but moissed

[09:32] {Onix} missed it :/

[09:32] {geo} in .5 out .7

[09:32] {geo} nice vad

[09:32] {geo} wow

[09:33] {Threei}  a bit early out eh?

[09:33] {geo} against Q... Ill never understand drys

[09:33] {hawkfan4} thx vad, in .54, out .99

[09:33] {Threei}  wth hawk

[09:33] {geo} hehe hawk

[09:33] {Threei}  wtg

[09:33] {hawkfan4} :)

[09:33] {geo} using the laser eh?

[09:33] {hawkfan4} yep, love it

[09:33] {Threei}  and apparently loving it

[09:34] {Threei}  watching PLD, want one more pullback before breaking .50

[09:35] {Threei}  idea is to take half lot on .50 break with stop under .30

[09:36] {dptl} in .54

[09:37] {ese} hmmmmmm  i think i'm in

[09:37] {Threei}  yes, good morning

[09:37] {Threei}  half out PLD

[09:38] {Threei}  want to try and milk second half

[09:38] {Threei}  market strengthens, it has potential

[09:38] {dptl} out  ty

[09:38] {ese} long APWR .24 1/2

[09:38] {Threei}  missed DRYS pullback into 16.80... ugh

[09:40] {Threei}  PLD stop to .45 of course

[09:40] {Threei}  don't like this sharp drop in the market but like how PLD is holding... so still want to give it a chance

[09:42] {magoo} DRYS holds too

[09:42] {KSystems} out PLD

06[09:42] * geo feeling wierd

[09:42] {Threei}  out second half PLD

06[09:43] * geo is used to being kicked out a few times by now

[09:43] {Threei}  lol

[09:43] {KSystems} PLD - out 1/2 .70 - rest .45

[09:43] {Threei}  yes KS, that's the way to structure it

[09:43] {lisa_jay} HOLX salmon

[09:43] {Threei}  DRYS

[09:43] {Threei}  good pullback

[09:44] {Threei}  I'd love to get it closer to 16.80

[09:44] {Threei}  with this market drop we might just get it

[09:44] {Threei}  half lot, volatile opening

[09:45] {Threei}  in

[09:45] {Threei}  stop under .60

[09:45] {ese} stopped apwr-.23

[09:45] {Threei}  nope

[09:46] {dptl} stopped

[09:46] {Threei}  closer to .40 then

[09:46] {Threei}  fuirst strength from here

[09:47] {Threei}  got .35, stop under .20

[09:47] {magoo} .45 here

[09:49] {Threei}  offer half about .60

[09:50] {Threei}  feel free to take profit into this spike

[09:50] {Threei}  out .80

[09:50] {geo} drys is crazy

[09:51] {i2romantis} out.80

[09:51] {tomg} thanks vad

[09:51] {i2romantis} thx vad

[09:51] {Threei}  welcome guys, good reflexes

[09:51] {Threei}  and nice resolve

[09:51] {hawkfan4} nice vad

[09:51] {i2romantis} fast reflexes :)

[09:51] {Threei}  not always easy to re-enter stock that just stopped you out

[09:51] {Threei}  takes cold blood

06[09:52] * Threei in now known as lizard

[09:52] {Threei}  watch RIMM pullback

[09:52] {Threei}  interestingly strong

[09:52] {Threei}  stays green while all markets are red

[09:53] {Threei}  wow... that was a bit out of blue

[09:54] {ese} long apwr  .97 1/2 capitulation play

[09:54] {Threei}  too jumpy, can't get relaible read on it

[09:55] {ese} i know the feeling peter

[09:55] {Threei}  something isn;t very convincing about LEN defence in market eyes

[09:56] {Threei}  let's see where this bounce tops out

[09:56] {Threei}  maybe we can get nice short setup at 8.55

[09:56] {Threei}  .70 is resistance so far

[09:57] {Threei}  RIMM

[09:57] {Threei}  HEARING GOLDMAN MAKING POSITIVE COMMENTS (TIMING UNCERTAIN)

[09:57] {Threei}  broke .70... no setup for now

[09:58] {ese} out APWR .23 +.26

[09:58] {Onix} ;)

[09:59] {geo} drys JBE?

[10:01] {Threei}  well

[10:01] {Threei}  .85 break if stays above .70...

[10:01] {Threei}  somehow I am not delighted

[10:01] {geo} sigh

[10:01] {Threei}  ok, good, invalidated anyway :)

[10:02] {magoo} .40 seems like good support drys vad

[10:02] {Threei}  sometimes setup is formally there but it just doesn't feel right

[10:02] {Threei}  bands are tightening on it

[10:02] {Threei}  sharp move is coming

[10:02] {Threei}  and my feel is, down

[10:04] {Threei}  I would be looking for panic selling into .50 and just under for entry

[10:04] {Threei}  if it choses up from here, will let it go

[10:05] {magoo} rimm looks goiod here..opinion?

[10:06] {Threei} Consider Buying:  RIMM  .30 break if stays above .15, half lot

[10:06] {dptl} are you in?

[10:07] {Threei}  market is still donwticking

[10:07] {Threei}  don't want to enter against it

[10:08] {Threei}  invalidated

[10:09] {cosmo} HOLX

[10:09] {cosmo} salmon

[10:09] {Threei}  headfake RIMM

[10:09] {Threei}  whatever

[10:10] {Threei}  HOLX had news

[10:10] {Threei}  01/12/09 07:02am

[10:10] {Threei}  [HOLX] Hologic, Inc. Raises Q1 EPS guidance to $0.30-0.31 v $0.29e ($0.29-0.30 prior), cuts Rev guidance to $428-429M v $437Me ($441-443M prior)

[10:10] {Threei}  - The 3% decline in anticipated revenues from its initial guidance is principally due to reductions in revenues in Hologic''s Breast Health segment.

[10:10] {Threei}  - The Company attributes this decline primarily to cost pressures faced by hospitals, due to the worldwide economic instability which has resulted in longer sales processes and delays of capital equipment purchases.

[10:11] {Threei}  DRYS is getting there

[10:12] {Threei}  quick dive under .50

[10:13] {Threei}  OK... if not losing .40, can try .50 break, half lot

[10:14] {dptl} in

[10:15] {Threei}  this is one of those "if stopped be ready to re-enter on sharp drop"

[10:15] {Threei}  should be fine though, looks like it shook out enough

[10:16] {Threei}  GM

[10:16] {Threei}  CHEVY VOLT BATTERY TO BE MANUFACTORED IN US

[10:16] {Threei}  who makes those?

[10:17] {Threei}  come on already DRYS

[10:17] {Threei}  don't like it when it takes so long

[10:18] {dptl} nope

[10:20] {dptl} pld?

[10:22] {Threei}  not sure

[10:22] {Threei}  nothing shapes up on it

[10:23] {peterg} ok I'm in!

[10:23] {peterg} morning all

[10:23] {Threei}  morning peter

[10:23] {peterg} hmm. everybody's type is blue but mine

[10:23] {_jamie} "How dry I am..."

[10:24] {Threei}  DRYS double bottom, who is up to try

[10:24] {Threei}  .80

[10:24] {peterg} nope, vad is blue

[10:24] {Threei}  with stop under .65

[10:25] {Threei}  invalidated

[10:25] {_jamie} double bottom in what timeframe?

[10:25] {Threei}  1 min

[10:27] {Threei} Long Setup:  RIMM  .20 half lot

[10:28] {dptl} stop under 48?

[10:29] {Threei}  yup

[10:29] {dptl} in .22

[10:31] {Threei}  stop to under .10 RIMM

[10:32] {i2romantis} PLD, what a nice move

[10:32] {Threei}  DRYS too

[10:32] {_jamie} excellent call on drys

[10:32] {Threei}  missing a bit too many of those today

[10:33] {Threei}  mised its reversal actually

[10:33] {magoo} wippy vad

[10:33] {ese} that was a nice move by pld romanis.....were you in

[10:35] {dptl} stopped rimm

[10:35] {i2romantis} nope

[10:35] {i2romantis} was watching it

[10:35] {Threei}  yeah, tightened stop was a good idea

[10:35] {Threei}  look at it now

[10:35] {dptl} yeah

[10:35] {Threei}  if it wanted to work, it should have worked much sooner

[10:37] {_wizeman} test

[10:37] {Threei}  passed

[10:40] {Threei}  can't get a rythm today

[10:40] {Threei}  eithere there is none or I am overrelaxed on weekend

[10:41] {Threei}  not sure which it is but it must be magoo's fault

[10:42] {i2romantis} PALM is pretty low

[10:47] {Threei}  it's likely to make double bottom if market finally establishes upward direction

[10:47] {ese} long APWR .11 full lot

[10:48] {i2romantis} waiting for it

[10:48] {Threei}  first bottom was just outside of lower band

[10:48] {Threei}  if second remains inside, 6 is holding, market reverses...

[10:48] {i2romantis} k

[10:48] {Threei}  all those conditions are needed

[10:49] {Threei}  STKL?

[10:49] {i2romantis} wow, that was huge on stkl

[10:49] {Threei}  I don't see news

[10:50] {Threei}  .13 was last high on the bounce on PALM

[10:51] {dptl} so .14 long?

[10:51] {Threei}  looks like

[10:51] {i2romantis} lower high, waiting for second bottom

[10:51] {i2romantis} maybe this is it

[10:52] {i2romantis} i'm already in, looking to add

[10:55] {KSystems} are you calling this, vad?

[10:56] {Threei}  do I have to?

[10:56] {KSystems} ;)

[10:56] {Threei}  well, if we get market spike, it should work for a scalp

[10:56] {_jamie} no....to me palm isn't happening yet...I want it to...

[10:58] {dptl} in .13 stop under 6

[11:04] {wishbone} ydtysryuayau

[11:04] {Threei}  you think?

[11:04] {hawkfan4} exactly

[11:04] {_stoplight} agreee

[11:04] {wishbone} lol

[11:05] {Threei}  quite yawny market today

[11:05] {_jamie} I'm bored

[11:08] {fernp} I'm short in HBAN 6.40 . Vad, do u think can toucj 6.00 or is too optimistic?

[11:09] {Threei}  if market continues dropping, most likely

[11:09] {fernp} ty

[11:09] {Threei}  if you have enough shares, protect ha;f

[11:09] {Threei}  half

[11:09] {fernp} i did it

[11:09] {Threei}  :)

[11:09] {Threei}  nice entry

[11:15] {Threei} Long Setup:  AMZN  53 break if stays above 52.80, half lot

[11:19] {magoo} vad, if amzn goes prob rimm too correct?

[11:19] {magoo} same conditions

[11:19] {dino} deck decked

[11:19] {Threei}  likely, yeah

[11:20] {Onix} :D

[11:20] {Onix} dino

[11:21] {Threei}  see that big offer at .98 AMZN?

[11:21] {Threei}  that's your indication

[11:21] {Threei}  if taken, grab it

[11:22] {Threei}  market still looks like cow on ice

06[11:22] * geo wonders where vad saw that in real life

[11:22] {_jamie} yeah vad doesn't the bad indexes call the long trade into question?

[11:22] {i2romantis} lol, never seen a cow on ice 

[11:23] {i2romantis} unless it's a disney presentation

[11:23] {Threei}  jamie... not if you find a stock that is holding strongly while market drops

[11:23] {Threei}  notice how AMZN stopped going down with market

[11:23] {_jamie} Yeah AMZN looks great...I have an order form all filled out.   I never saw a cow on ice but I saw a coked up bull in a Peruvian Bullfight.

[11:24] {Threei}  order form? gosh, what do you use for a broker?

[11:24] {_jamie} scottrade 

[11:24] {_jamie} is it a long yet for us or what?

[11:25] {Threei}  it hasn't triggered yet

[11:25] {geo} order form hmmmmmm

[11:25] {Threei}  needs to take that fat offer at .98

[11:26] {_jamie} i see

[11:27] {dptl} in 53

[11:27] {Threei}  here we go

[11:27] {dino} still trying to picture that coked up bull

[11:28] {Threei}  no shaking out AMZN, okay?

[11:28] {wishbone} stop?

[11:28] {Threei}  under .80

[11:28] {wishbone} ty

[11:29] {i2romantis} me too on coked up bull

[11:29] {Threei}  oh come on

[11:30] {Threei}  what is it, day of fakeouts today?

[11:30] {_jamie} blooduckera

[11:30] {Onix} :s

[11:30] {Threei}  sheesh

[11:30] {KSystems} rude

[11:31] {dptl} damn   stoped -.25

[11:31] {dino} afam holding well today

[11:31] {dino} rate goes +

[11:31] {Onix} my head is all bumpy & lumpy from all the hits on it by the market this morning!

[11:31] {dino} these have been killed over last 4 days

[11:31] {_jamie} !Bloodsuckers!

[11:32] {dino} sookie

[11:32] {Threei}  I guess we had it too good for too long, market has to win sometimes too

[11:32] {peterg} everytime I hit mouse, IRC window disappears. Comes back when I click onit

[11:32] {Onix} :D

[11:33] {Threei}  tell it to stay on top, peter... right click on the top blue bar

[11:33] {Threei}  check On top line

[11:33] {dino} 3i, imo, same as last 4 months window dress last week each month, week 2 destroy them. been happening since september

[11:33] {KSystems} hes on mibbit vad

[11:33] {Threei}  oh... he said IRC

[11:35] {dino} 9000-8300s

[11:35] {i2romantis} palm couldn't take the beating

[11:35] {wishbone} peterg

[11:36] {peterg} yah?

[11:37] {wishbone} jmb recommended keep windo w on top @ http://www.delayedreaction.com/freestuff/index.html

[11:37] {peterg} back soon

[11:40] {Threei}  DRYS

[11:40] {Threei}  .50 support, see if you can get it closer to it

[11:41] {Threei}  fernp got his 6 on HBAN

[11:43] {lisa_jay} ?

[11:44] {Threei}  he was short it from 6.40 lisa

[11:44] {Threei}  ask if it had a shot at 6

[11:45] {lisa_jay} the auto away is kicking in..i am still here.

[11:45] {Threei}  what's autoaway?

[11:45] {dino} -7% s&p since wed, 7% ndx, 6.2% dji 

[11:45] {Threei}  fernp... covered your HBAN?

[11:46] {fernp} yes 6.05

[11:46] {Threei}  :)

[11:46] {KSystems} are you catching drys here vad?

[11:46] {dptl} are you in drys Vad?

[11:46] {Threei}  if holding .59, .56 is long

[11:47] {Threei}  if holding .50 that is

[11:48] {dptl} got .57

[11:50] {ese} right shoulder forming of inverted head and shoulders pattern on indexes..... imo  

[11:50] {Threei}  sigh

[11:50] {dptl} stopped

[11:50] {KSystems} stopped

[11:50] {ese} daily charts

[11:50] {Threei}  things are simply wrong today

[11:51] {ese} yep...would agree with that

[11:52] {ese} although it's a slow sell down.......not many majors left to sell i don't think

[11:53] {ese} correct me if i'm wrong....indexes up against the upper1/3 of their 3 month ranges range

[11:53] {ese} ranges range???

[11:54] {Threei}  lol PALM

[11:56] {i2romantis} i sold PALM and got back in with lower pos at lower $

[11:56] {i2romantis} PALM is showing good strength compared to market drops

[11:59] {dptl} can't beleive that drys 

[12:07] {Threei}  what about now?

[12:07] {magoo} vad, news FSLR??

[12:07] {Threei}  nothing freshj

[12:08] {KSystems} welcome to the gang, elepet!

[12:09] {dino} fslr down on oil imo

[12:09] {dptl} holx?

[12:11] {dino} eps up, and upgrades

[12:19] {Threei}  market tune seems to be changing

[12:20] {magoo} in genral as bad..or in today as bounce?

[12:20] {Threei}  today as bounce

[12:20] {magoo} ok..ty

[12:22] {magoo} market hasnt bounced in years

[12:22] {dino} gaps dji 8487, ndx 1177 s&p 870 area

[12:22] {magoo} will never ever go up again

[12:22] {dino} 12/30

[12:24] {dino} not until those gaps fill magoo

[12:25] {magoo} u may be correct dino

[12:27] {elepet} hello everybody.

[12:27] {Threei}  hi elepet, welcome back

[12:27] {_jamie} :D

[12:28] {elepet} why does this look different? is it better than MIRC?

[12:28] {Threei}  just another way to connect new room

[12:28] {Threei}  to use mIRC you need to configure it

[12:29] {Threei}  instructions are on the website, right under instructions you used to get here

[12:29] {i2romantis} i still use mirc, bought it actually, i prefer using mirc

[12:30] {geo} same here.. they were oferring a 10 dollar one time lifetime

[12:30] {Threei}  ok... going to start trying again

[12:30] {Threei}  .30 break DRYS if holding above .20

[12:30] {dptl} in

[12:31] {magoo} in

[12:31] {KSystems} in .32

[12:33] {Threei}  over 1:1

[12:34] {magoo} vad..w/drys u looking much more than that right?

[12:34] {dptl} half out

[12:34] {Threei}  yes mags, but protecting half

[12:34] {Threei}  today is too brutal shakeouts wise

[12:34] {magoo} i mean..could go over 16

[12:35] {Threei}  if market recovers for real, it can

[12:36] {KSystems} it worked this time....entry i mean ;)

[12:37] {Threei}  if you are comfortable, try to start exiting closer to .60

[12:37] {ese} signing off see ya'll tamara.....

[12:38] {Threei}  take care ese

[12:38] {ese} is there any particular way to og out

[12:38] {ese} log out

[12:38] {KSystems} yes ese

[12:38] {KSystems} takes a few hours

[12:38] {KSystems} if you dont wanmt to go through that procedure

[12:38] {ese} how do you mean

[12:38] {KSystems} just close the window :)

[12:39] {KSystems} no really, just exit

[12:39] {ese} tks

[12:39] {KSystems} take care

[12:39] {larisa} no trout in mibbit ? :)

[12:39] {Threei}  half out magoo

[12:39] {Threei}  please?

06[12:40] * Threei slaps magoo around a bit with a large reminder of risk control

[12:40] {KSystems} hrmmm larisa

[12:40] {KSystems} good point

[12:40] {KSystems} I'll add one

[12:41] {larisa} lol, I actually wanted to slap you gently, so may be you do not want to add it :)

[12:41] {Threei}  guys, it's all well and nice to hunt for a big bounce on such stock as DRYS, it often gives such opportunities... but do protect partial profits

[12:42] {Threei}  move from .30 to over .50 is not a small feast for such brutal day

[12:43] {magoo} how u get as slap?

06[12:43] * geo slaps magoo around a bit with a large trout

[12:43] {geo} like this

[12:43] {Threei}  see? easy

[12:43] {geo} i love this...

[12:43] {magoo} do i need to be in the mirc?

[12:43] {Threei}  disarmed magoo? :)

[12:43] {geo} magoo is unarmed

[12:43] {magoo} yep

06[12:43] * dptl slaps magoo around a bit with a large trout

[12:43] {geo} mirc magoo

[12:43] {geo} intructions posted

[12:43] {magoo} ooh n

[12:44] {Threei}  see how quickly those profits can evaporate?

[12:44] {i2romantis} vad was right on DRYS, nice

[12:44] {geo} thanks guys... lost some today.... distraceted.... have a great day

[12:44] {dino} dino will post "slap" when needed

[12:45] {Threei}  take care geo, gotta give back some now and then

[12:45] {geo} yup

[12:45] {Threei}  first losing day this year

[12:45] {Threei}  third since Nov 15

[12:45] {Threei}  lol

[12:45] {KSystems} hey its not even over yet

[12:45] {Threei}  true also

[12:45] {Threei}  I just have written it off

[12:46] {dino} cya geo

[12:46] {Threei}  and if it gives recovery chance, great

[12:46] {Threei}  if not, in my mind it's already accepted

[12:46] {_jamie} Pas de problème ..... c'est un étrange marché.

[12:47] {Threei}  oh great

[12:47] {Threei}  now I have to learn french?

[12:47] {_jamie} hehehe

[12:47] {Threei}  no chance in da world

[12:47] {Threei}  I learn one new language every 40 years

[12:47] {KSystems} LOL

[12:47] {Threei}  next one will be in 28

[12:49] {_jamie} I'm uni-lingual.

[12:49] {Threei}  btw, stop on DRYS balance is just under .30 now

[12:52] {Threei}  if market continues recovery, aim to exit 1/4 more DRYS above .60,

[12:52] {KSystems} Hi cujo

[12:52] {_cujo} hello

[12:52] {KSystems} welcome!

[12:52] {_cujo} thanx

[12:52] {Threei}  stop under .30 protects from loss at this point

[12:52] {_cujo} how are things going today}

[12:52] {_cujo} ?

[12:53] {Threei}  worst case scenarion, you got profit on half lot, stopped about breakeven on another half

[12:53] {Threei}  not stellar cujo

[12:53] {Threei}  but welcome to the room nonetheless

[12:54] {brian3579} hal

[12:54] {brian3579} sorry wrong window

[12:55] {Threei}  I bet chaeron is logged in old room and looks around in bewilderment

[12:58] {magoo} thats what i did

[12:58] {Threei}  F

[12:58] {Threei}  CFO: SEES GOOD CHANCE FOR US AUTO SALES RECOVERY IN SECOND HALF OF 2009

[12:58] {Threei}  {GM}

[12:58] {magoo} then even new room was just me lol

[12:59] {Threei}  that was old one mags... you just didn't recognize it with all the furniture moved out

[12:59] {_cujo} sry, new here.  What is the diff between Discussion 25 and floor 24?

[13:00] {Threei}  i2r, you still holding PALM?

[13:00] {Threei}  #discussions is where we all talk, cujo

[13:00] {Threei}  #floor is where my comments are being echoed, with no chatter

[13:00] {_cujo} got it.  thanks. 

[13:00] {Threei}  so if you need to track down some call, you have less scrolling to do

[13:01] {elepet} is there anything else on the table besides DRYS?

[13:01] {Threei}  not at the moment

[13:02] {elepet} o.k. so i didn't miss anything.  When the market is like this does anyone short anything?

[13:02] {Threei}  we had one inmind but it never triggered

[13:02] {Threei}  well it did actually but invalidated setup first

[13:02] {Threei}  LEN

[13:03] {Threei}  it performed admirably for us on Friday on short side

[13:06] {magoo} ive been studying DRYS..seems its first move at open always pushes WAY farther than scalp..usually thruwhole number  and fails in ..30 are

[13:06] {Threei} Short Setup: HIG  14.94 half lot if stays below 15.10

[13:06] {magoo} then a dissappointer most of rest of dayt

[13:08] {Threei}  invalidated

[13:11] {magoo} i truly miss when we could count on a 300 point reversal

[13:14] {elepet} Is there anyway or making this screen smaller by minimizing all the  green space on the left but keeping the message space wide?

[13:16] {dptl} agu?

[13:17] {Threei}  can't tell dp, this kind of setups snaps back too often today

[13:17] {i2romantis} PALM out +.2

[13:17] {dptl} i see

[13:17] {Threei}  wtg i2r

[13:22] {Threei}  FED'S LOCKHART: IT WOULD BE A STRETCH TO CALL FED POLICY "AN INDUSTRIAL POLICY"

[13:22] {Threei}  who is calling it that?

[13:22] {Threei}  we are caling it idioticv policy

[13:22] {Threei}  so yeah, to call it industrial would be a stretch

[13:22] {Onix} :D

[13:24] {fernp} CSCO in short, vad?

[13:25] {Threei}  well, it's likely to drop is market does... but there is not much of a play on its own merits

[13:25] {Threei}  is = if

[13:27] {fernp} 10 cents stop. worth a try

[13:38] {_jamie} today is so blah

[13:38] {Threei}  truer words were never spoken

[13:39] {Threei}  what can you say about the market where the best peforming stock from its opening price is SAY

[13:39] {dino} indeed

[13:40] {_cujo} Vad, what do you see in RIMM? 

[13:40] {fernp} out CSCO +.10 

[13:40] {Threei}  wtg fern

[13:40] {fernp} quick scalp

[13:40] {Threei}  nothing really cujo, it follows the market second half of the day

[13:41] {_cujo} got ya

[13:41] {Threei}  started out strong, then fizzled out

[13:41] {fernp} market helped

[13:42] {Threei}  even USO, notoriously volatile one is locked into relatively narrow range today

[13:44] {Threei}  hmmm

[13:45] {Threei}  as soon as I noticed it, it started moving

[13:50] {Threei}  OK guys, I will operate under working assumption that we start a bit more serious bounce now

[13:50] {Threei}  watching RIMM for long on pullback closer to .50

[13:50] {Threei}  and DRYS for consolidation and break of .50

[13:52] {Threei}  USO pulled back from 31.20

[13:53] {Threei}  small shares for bounce

[13:53] {Threei}  volatile one, don't oversize it

[13:53] {KSystems} right here?

[13:53] {Threei}  on market strength, if holding above .90

[13:55] {dptl} got .07

[13:55] {KSystems} .07 here as well

[13:57] {Threei}  RIMM didn't give a chance

[13:58] {Threei}  sharp down market

[13:59] {dino} 2:00 area, been going down

[14:00] {dptl} got out uso

[14:00] {Threei}  RIMM is getting there but wait for market to show bounce

[14:00] {_cujo} ok

[14:00] {Threei}  GM

[14:00] {Threei}  NORTH AMERICAN SALES CHIEF: EXPECTING 500 FEWER DEALERS IN 2009

[14:00] {Threei}  yikes

[14:01] {Threei}  FED'S KROSZNER RESIGNS, EFFECTIVE JAN 21

[14:01] {Threei}  is that why matket got upset?

[14:02] {dino} dji filled

[14:02] {_jamie} enuff already

[14:03] {KSystems} uso stopped

[14:07] {dino} c{6

[14:08] {fernp} DELL short? or too extended downside

[14:08] {Threei}  same thing as with CSCO

[14:10] {fernp} don't like it too much. I'll pass

[14:11] {Threei}  yeah, this is kind of uncertain point in a very uncertain day

[14:11] {Threei}  tough to commit on any side

[14:11] {Threei}  market was totally ready for bounce when this wave of selling hit

[14:11] {dino} s&p pretty much filled

[14:11] {Threei}  and it looks news-caused

[14:12] {fernp} Yes, better be in the safe side. (just looking) :-)

[14:19] {elepet} what's happening with drys?

[14:19] {Threei}  just jumping up and down with not much rhyme or reason

[14:23] {dino} ok s&p

[14:23] {_jamie} goodnight Irene

06[14:26] * Threei slaps laserdave around a bit with a large reminder to read his e-mails

[14:26] {laserdave} howdy

[14:26] {Threei}  very well, thank you

[14:27] {Threei}  confess... have you gone to the old room and looked around thinking where we became invisible or you were still too drunk to see us?

[14:29] {Threei}  or magoo was all alone under the palm tree we forgot in the corner?

[14:29] {laserdave} yup i got to admit it

[14:30] {Threei}  must be quite an experience... mkind of sci-fi or horror movie about the end of the world

[14:30] {Threei}  you wake up, population's gone

[14:31] {Threei}  just couple zombies wandering the streets

[14:36] {larisa} laserdave please see DCC 

[14:36] {i2romantis} DRYS sm l .9

[14:38] {Threei}  i2r... that's not fair

[14:38] {Threei}  you got the stock 1 cent above day low

[14:39] {Threei}  if you continue to trade like this, market won't come out and play with you tomorrow

[14:39] {i2romantis} hey, we'll see what it does and figure out if it's fair :)

[14:39] {Threei}  gosh, you already got over 20 cents profit

[14:40] {Threei}  whatever it does next, you got good play on your hands

[14:40] {i2romantis} ty

[14:41] {Threei}  dave, dcc please

[14:44] {larisa} with this market PLD can actually get to Merrill's target of 11 and we did not believe his downgrade :)

[14:47] {dino} - 7% dji from tues.

[14:47] {dino} which was the high for jan, dec., and nov.

[14:48] {dino} well, more like the highest high in  months

[14:48] {Threei}  actually I don't mind such pullback

[14:48] {Threei}  more upside for us when market resumes

[14:49] {Threei}  as Bob Farrell said,

[14:49] {Threei}  Bull markets are more fun than bear markets

[14:49] {dino} agreed, still in buy dips(8300-8400) sell rips (9000) mode

[15:03] {i2romantis} DRYS +.32 out

[15:04] {Onix} gj :)

[15:06] {dino} gj i2r

[15:07] {i2romantis} thx :)

[15:07] {i2romantis} one more test, DRYS .08 very sm l

[15:08] {Threei}  good pullback, should be one more scalping opportunity as soon as market recovers

[15:08] {Threei}  same for PLD

[15:08] {i2romantis} stop under .85 for DRYS

[15:09] {i2romantis} PALM, very nice pullback

[15:10] {Threei}  F

[15:10] {Threei}  MARKETING CHIEF: FIRST TWO WEEKS OF THE YEAR HAD STRONGER-THAN-EXPECTED SALES

[15:10] {Threei}  what did they expect, to sell 2 cars a week?

[15:10] {Threei}  and sold 4?

[15:11] {magoo} .

[15:11] {i2romantis} lol

[15:11] {larisa} you are so mean

[15:11] {Threei}  I am

[15:11] {Threei}  how is it news for anyone?

[15:11] {KSystems} again, she wishes she could slap

[15:12] {larisa} I can now KS :)

[15:12] {KSystems} darn

[15:12] {Threei}  lol

[15:12] {dptl} pld .20?

[15:12] {Threei}  nah

[15:13] {Threei}  I prefer to buy this kind of bounces clower to support

[15:13] {Threei}  it was a play around .10 but kind of impossible to call

[15:15] {i2romantis} PALM, no takers?

[15:17] {Threei}  took .92 but for scalp only

[15:17] {i2romantis} good call

[15:18] {Threei}  out for measly 10 cents

[15:20] {Threei}  took DRYS .75

[15:20] {Threei}  stop is under .70

[15:21] {Threei}  ah come on, at least tag .90 or above

06[15:22] * Threei is kicking DRYS in the rear with heavy duty army boots

[15:22] {i2romantis} it listens to you 

[15:22] {Threei}  it better

[15:22] {KSystems} or else!

[15:22] {dptl} got .78

[15:23] {i2romantis} target?

[15:24] {Threei}  offering half .90

[15:24] {Threei}  hard to believe that 15 cents is "too greedy"

[15:25] {Threei}  we have famous dino bounce at 3:40

[15:25] {Threei}  maybe it helps

[15:26] {Threei}  if takes .88, should jump

[15:27] {Threei}  big if, eh?

[15:27] {dino} ouch pot

[15:27] {Threei}  yeah, -10

[15:27] {Threei}  and counting

[15:29] {dptl} am out drys

[15:33] {Threei}  ok dino

[15:33] {Threei}  let's start your bounce

[15:33] {Threei}  or not today?

[15:33] {KSystems} stopped drys

[15:34] {Threei}  lol, even asking for 15 cents was too much

[15:35] {dino} not betting on 3:40 bounce, the grind down to syeady imo

[15:35] {dino} steady

[15:35] {Threei}  yeah, looks like today no such thing as up

[15:36] {dino} slow bleed

[15:36] {dino} would like to see 8364, 1158, 857 hold

[15:36] {Threei}  in .46

[15:37] {Threei}  no way

[15:37] {i2romantis} in .41, stop below 25

[15:37] {i2romantis} wow

[15:37] {dino} otherwise back to dec lows around 8118,1096,818

[15:38] {Threei}  whatever

[15:38] {Threei}  this day is irrepairable

[15:38] {i2romantis} out

[15:38] {i2romantis} lol

[15:39] {dptl} yeah.....have a good evening all

[15:39] {Threei}  take care dp

[15:39] {dino} cya dp

[15:44] {Threei}  what can I say... this day was ours to lose, and we did our best

[15:44] {larisa} lol

[15:44] {_cujo} tough day all around.  See you all tomorrow AM. 

[15:45] {Threei}  take care cujo

[15:45] {KSystems} seeya cujo

[15:45] {dino} later cujo

[15:46] {Threei}  great... not this slimy thing staged decent bounce

[15:46] {Threei}  not = now

[15:46] {i2romantis} dino's bounce was not on schedule :)

[15:47] {Threei}  yup... must be magoos' fault somehow

[15:47] {dino} 30 pts or so, just late

[15:47] {i2romantis}  do you see it going to 15 or staying mid 14s?

[15:47] {Threei}  today?

[15:47] {dino} in should just come in at 3:30

[15:48] {Threei}  we have 13 minutes left

[15:48] {dino} in=i

[15:48] {dino} mygn spike

[15:48] {i2romantis} PALM seems ok too, no? we'll see

[15:48] {Threei}  for overnight?

[15:49] {Threei}  I don't want to take anything home

[15:49] {Threei}  what's the need

[15:49] {i2romantis} no until 4 pm

[15:49] {dino} 50\

[15:49] {Threei}  10 minutes

[15:49] {Threei}  how much can this stock move in 10 minutes?

[15:50] {i2romantis} i have it at .2

[15:50] {i2romantis} need to recover some :)

[15:50] {Threei}  it's not DRYS, it's a generally slow one

[15:51] {Threei}  classic trap, DRYS... wears you out, then finally bounces

[15:52] {KSystems} sigh

[15:53] {Threei}  90 cents bounce

[15:53] {i2romantis} ok fully out

[15:53] {Threei}  shoot me now

[15:53] {i2romantis} not bad

[15:54] {dino} gj

[15:54] {i2romantis} and of course it jumps more ;)

[15:54] {i2romantis} overall plus today, i'll leave it that way :)  learning from you guys ;)

[15:54] {Threei}  if you learned from us today, you would be in minus

[15:54] {Threei}  what kind of student are you anyway

[15:55] {dino} lol

[15:55] {i2romantis} lol

[15:55] {i2romantis} kept my stops this time

[15:55] {larisa} he is contrarian learner :)

[15:55] {i2romantis} and it was a beauty

[15:55] {dino} gj i2r, i pretty much sat today out

[15:55] {i2romantis} ugly one at first

[15:55] {i2romantis} :)

[15:55] {i2romantis} wow

[15:55] {i2romantis} DRYS is insane

[15:56] {Threei}  it's great trader, I just got it all wrong today

[15:56] {magoo} ii hate DRYS:)

[15:56] {dino} would be nice if these were the "new" higher lows

[15:57] {wishbone} good nite all

[15:57] {Threei}  OK guys, I'll go to the wall calendar to criss-croos this day

[15:57] {Threei}  have a good evening, see you tomorrow

[15:57] {KSystems} you too vad

[15:58] {dino} cya wish

[15:58] {larisa} see you

[15:58] {KSystems} got something to digest tonight

06[15:58] * larisa slaps KSystems around a bit with a large trout

[15:58] {KSystems} there we go

[15:58] {KSystems} just what i needed

[15:58] {larisa} :)

[15:58] {nemo} Did I make it

[15:58] {Threei}  sure did nemo

[15:58] {Threei}  welcome

[15:59] {nemo} Bad penny shows up again

[15:59] {magoo} vad, how i set upmirc?

[15:59] {Threei}  ummm

[15:59] {Threei}  first, you need to know how to read...

[15:59] {nemo} I just went through it there's a pdf file, send email I'll send it to you

[15:59] {Threei}  then you go to the page with instructions...

[16:00] {Threei}  and follow it

[16:00] {magoo} wheres that?

[16:00] {Threei}  on the same page from which you connected

[16:00] {hawkfan4}  first, you need to know how to read...  Now i know why i couldn't figure it out

[16:01] {nemo} doesn't "magoo" mean "I can" in Russian?

[16:01] {Threei}  hawk... now, ask me how I know that was a requirement

[16:01] {Threei}  yes nemo

[16:01] {hawkfan4} how do you know that's a requirement

[16:01] {Threei}  'cause I didn't exactly fit?

Jan 9 2009

It was a good day until LEN short came along... and the day became fantastic - not every day scaleprs make $1.40 on a single trade in minutes. All in all, first trading week of 2009 is a pure beauty - no single losing day.

[08:59] {Threei}  08:12am Baltic Dry Bulk Index up 6.2%, a fourth straight advance

[08:59] {Threei}  DRYS looks like another rally in cards

[08:59] {Threei}  likely to bust through resistance now

[08:59] {Threei}  there... .93 offer is taken in one gulp

[08:59] {Threei}  16 wasn't a big problem either

[08:59] {Threei}  if we get so lucky to have a shot at it on pullback into .40-.50 area...

[08:59] {Threei}  DEC CHANGE IN NONFARM PAYROLLS: -524K V -525KE; CHANGE IN MANUFACTURING PAYROLLS: -149K V -100KE

[08:59] {Threei}  - Prior Nov Nonfarm revised Lower from -533K to -584K

[08:59] {Threei}  - Prior Nov Manufacturing revised from -85K to -104K

[08:59] {Threei}  DEC UNEMPLOYMENT RATE: 7.2% V 7.0%E

[08:59] {Threei}  - Prior revised from 6.7% to 6.8%

[08:59] {Threei}  - last 7.0% reading in unemply rate was Jun 1993

[08:59] {Threei}  how about that, DRYS

[08:59] {Onix} Good morning all

[08:59] {Threei}  onix :)

[08:59] {Threei}  cosmo, look dcc please

[08:59] {i2romantis} morning guys

[08:59] {Threei}  i2r :)

[08:59] {i2romantis} yes, DRYS, that's just crazy

[08:59] {hawkfan4} gm all 

[08:59] {Threei}  hawk :)

[08:59] {Onix} hi hawk

[08:59] {hawkfan4} morning Onix

[08:59] {Threei}  looking at numbers, I am not sure I see what caused such enthusiasm

[08:59] {Threei}  OCNF got away

[08:59] {lisa_jay} Good morning.

[08:59] {Threei}  lisa :)

[08:59] {dawg} gm all

[08:59] {Threei}  dawg :)

[08:59] {lisa_jay} Hi Dawg.

[08:59] {dawg} hi Lisa

[08:59] {Onix} hi dawg

[08:59] {dawg} hi Onix

[08:59] {Larisa1} good morning :)

[08:59] {Threei}  Larisa :)

[08:59] {Larisa1} threei :)

[08:59] {Onix} morning Larisa

[08:59] {Larisa1} gm Onix :)

[08:59] {wishbone} good morning

[08:59] {Larisa1} wish :)

[09:00] {wishbone} hello Larisa

[09:03] {Threei}  wish :)

[09:06] {_jamie} hello

[09:06] {Threei}  hi jamie

[09:06] {Threei}  welcome

[09:06] {_jamie} Hi.

[09:06] {KSystems} hey jamie

[09:06] {patience} good morning RT  :)

[09:06] {Threei}  patience :)

[09:07] {_jamie} Hi everybody..i have looked at this blog many afternoons, wishing I had been here earlier.

[09:07] {Threei}  well... what kept you?? :)

[09:07] {_jamie} Ok, a couple of weeks worth then:)

[09:07] {dino} gm all

[09:07] {Threei}  dino :)

[09:08] {Geo} good morning fellow speculators...

[09:09] {dino} welcome jamie

[09:09] {_jamie} Hi there dino

[09:09] {Threei}  geo :)

[09:11] {Onix} morning wish; jamie; patience; dino & geo

[09:12] {_jamie} :)

[09:12] {patience} tgif Onix   :)

[09:12] {dino} :)

[09:12] {dptl} good morning all

[09:13] {wishbone} hey onix

[09:13] {Onix} tgif patience?

[09:13] {Onix} hi dp

[09:14] {dptl} :)

[09:14] {Threei}  dp :)

[09:14] {magoo} mornink comrades

[09:15] {dino} apol beat, maybe coco (the monkey) and cpla will react

[09:15] {Onix} hi magoo :)

[09:15] {wishbone} anybody see spies like us w/ chevy chase and dan akroyd?

[09:15] {hawkfan4} doctor, doctor, doctor, doctor...

[09:15] {wishbone} lol....exactly......hawk

[09:16] {dino} ebs

[09:16] {hawkfan4} :) 

[09:16] {Threei}  magoo :)

[09:16] {dino} long time ago wish

[09:16] {wishbone} i think of that scene every morning

[09:16] {hawkfan4} me too wish, cracks me up

[09:17] {wishbone} me too

[09:17] {Threei}  OK guys, clearly DRYS is a player again

[09:17] {ese} morning team......

[09:18] {Threei}  ese :)

[09:18] {Onix} hi ese

[09:18] {Threei}  ese, you missed yesterday's warning about switch to another chat host coming

[09:18] {magoo} have u taken DRYS premkt boss?

[09:19] {Threei}  please send me an e-mail with "login: in subject line, and your nick and password

[09:19] {Threei}  yes mag

[09:19] {magoo} u in noiw?

[09:20] {ese} anyone made mention of APOL......up 10....price target of 100 ...was at 77

[09:21] {Threei}  just 100 shares left mags, fed it out on the way up

[09:21] {hawkfan4} [08:15] {dino} apol beat, maybe coco (the monkey) and cpla will react

[09:21] {Threei}  but I was in at 15.85

[09:21] {ese} what does that mean vad?....switch to another host

[09:21] {Threei}  so don't even think about chasing it here

[09:21] {Threei}  current chat host experiences technical difficulties and doesn't seem capable of resolving them

[09:22] {wishbone} never bought pre-market. is it the same as during trading hours with margin or do u have to use cash? anyone

[09:22] {Threei}  it's been 9 years with them so no one can call me disloyal :)

[09:22] {Threei}  but it's time to switch

[09:23] {ese} gotta do what ya gotta do.........

[09:24] {Threei}  yes

[09:24] {Threei}  we are aiming to do the switch over the weekend

[09:24] {Threei}  if everything goes smoothly, we will:

[09:24] {Threei}  1. send an e-mail to all of ya

[09:24] {Threei}  2. post new way to connect at www.realitytrader.com/tradingroom

[09:25] {Threei}  bortom of the page, where login instructions are

[09:25] {magoo} wish, pre & post same as normal margin..BUT mkts thin..extremely volatile

[09:25] {wishbone} ok ty magoo. cash only applies to overnight then.

[09:27] {magoo} correct

[09:31] {Threei}  DRYS is beyond this universe

[09:32] {magoo} its leaving the station without us

[09:33] {Geo} de\

[09:33] {Geo} de

[09:33] {Threei}  OK

[09:33] {Threei}  pullback into .50 .60 area

[09:33] {Threei}  half lot

[09:34] {Threei}  get ready

[09:34] {Threei}  one more leg down

[09:35] {Threei}  if no more, .85 long with stop under .70

[09:35] {Threei}  OK, this I like more than break

[09:36] {Threei}  in

[09:36] {Threei}  .45

[09:36] {Threei}  stop under .30

[09:36] {Threei}  not yet

[09:36] {KSystems} stopped

[09:37] {Threei}  argh

[09:37] {Threei}  shake

[09:37] {dino} afam

[09:37] {dino} ebs lod

[09:37] {Geo} heheheh

[09:37] {Geo} got it

[09:37] {dino} gtiv

[09:37] {Geo} was late on stop out

[09:37] {Threei}  that was rude

[09:38] {_jamie} in 16.50

[09:38] {Geo} out .67

[09:38] {Threei}  take profit jamie

[09:38] {Threei}  risk is too high here

[09:38] {_jamie} ok just did

[09:38] {Threei}  wtg

[09:38] {_jamie} at .75

[09:38] {Geo} wierd spiky rinse

[09:38] {_jamie} I didn't like the indexes

[09:39] {Geo} OK DRYS is certifiable

[09:39] {dino} gg

[09:39] {Threei}  let it be for now

[09:40] {wishbone} wow gg

[09:40] {Threei}  commodities are not very happy

[09:41] {Geo} FAN highest sector

[09:41] {_jamie} palm rising more

[09:41] {wishbone} what's fan geo?

[09:41] {Threei}  yeah. PALM resurrection

[09:41] {Threei}  LEN

[09:41] {Threei}  HEARING 'FRAUD DISCOVERY INSTITUTE' RAISING RED FLAGS CONCERNING THE COMPANY (TIMING UNCERTAIN)

[09:41] {Geo} wind

[09:42] {Onix} what about that RIMM hey

[09:42] {Threei}  let's see if we can find LEN short entry

[09:42] {Threei}  .60 breakdown

[09:42] {Threei}  if stays under .80

[09:43] {dino} 8651; 1223, 896 all lod yesterday

[09:43] {Threei}  if triggers from here, stop .75

[09:43] {dptl} in

[09:45] {Threei}  let's partial, this one is capable of more than scalp

[09:45] {Geo} half out

[09:45] {dptl} out +.15 ty

[09:45] {Threei}  nicely over 1:1

[09:46] {Threei}  covering 1/4 .25

[09:47] {Geo} all out .2

[09:47] {Geo} .4 thanks lord vader

[09:47] {Threei}  welcome sir

[09:47] {Geo} hmm not listening to indexes

[09:47] {_jamie} How about drys long?

[09:48] {hawkfan4} sorry, have to do it, beauty Vad

[09:48] {Geo} lol hawk

[09:48] {_jamie} oh my gosh

[09:48] {wishbone} len cov 1/2 +.14, 1/4 +30, 1/4 +.65 ty vad

[09:48] {Geo} wow scalpers regret

[09:49] {KSystems} this is getting kinda boring :)

[09:49] {Threei}  all out 9..20

[09:49] {Threei}  help me with math

[09:49] {Geo} 1.4

[09:49] {Threei}  +1.40?

[09:49] {_jamie} WOW

[09:49] {wishbone} nice

[09:49] {Threei}  can I go home?

[09:49] {KSystems} LEN out 1/2 .43 out 1/4 .27 out rest 9.23

[09:49] * Geo slaps _jamie around a bit with a large golden sceptre

[09:49] {KSystems} marveillous, vad

[09:50] * Geo slaps Threei around a bit with a large gold sack

[09:50] {tomg} thanks vad

[09:50] {Geo} sorry jamie

[09:50] * Threei slaps KSystems around a bit with a large warning not to make too much money lest market gets scared and stops playing with him

[09:50] {hawkfan4} out last 8.52, holy moolah

[09:50] {Threei}  jeez hawk

[09:50] {dino} s&p break

[09:50] {wishbone} nice hawk

[09:50] {_jamie} no it's cool...I didn't go short and I'm quite upset..

[09:50] {hawkfan4} thx :)

[09:51] {tomg} me too 8.52 

[09:51] {hawkfan4} nice

[09:51] * Geo banging his head against wall

[09:51] {Threei}  why no jamie... just 15 cents stop, horrible news, breakdown

[09:51] {Threei}  can it get any better for short?

[09:51] {Threei}  sheesh PALM

[09:51] {_jamie} Incredible job Vad....i am not presently as conversant with the short side

[09:52] {KSystems} jamie dont worry, more will follow ;)

[09:52] {wishbone} ok Vad lesson learnt

[09:52] {Threei}  it's the same as long, just revresed order

[09:52] {dino} mygn sm l .02

[09:52] {Threei}  going long you buy first, sell later

[09:52] {Threei}  going shoet you sell first, buy later :)

[09:52] {_jamie} I know it....this is an amazing day...lots of plays. 

[09:52] {Threei}  WOW

[09:53] {Threei}  I just noticed what market did while we played with our toys

[09:53] {Threei}  US REP FRANK: DRAFT OF TARP BILL INCLUDING COMPENSATION LIMITS, AID TO COMMERCIAL REAL ESTATE AND AUTOMAKERS TO BE RELEASED LATER TODAY

[09:53] {Threei}  - Updates to TRAP will need to have 'certain minimum amount' set aside for home foreclosure aide

[09:54] {Threei}  look how resilient DRYS is

[09:54] {dino} mygn stop .92 -.10

[09:55] {hawkfan4} COCO coiling

[09:55] {Threei}  mama... we are 25 minutes into trading day, and might just as well go home

[09:56] {Onix} please don't

[09:56] {_jamie} Things have quieted down...who's ready for lunch?

[09:56] {Threei}  lol

[09:56] {Geo} i think vad's sneakyly sstarting a new trend

[09:56] {Threei}  sneakily?

[09:56] {Geo} throw money at the guys and leave

[09:56] {Threei}  I am crying about retirement for years

[09:56] {Geo} guys/gals

[09:56] {KSystems} LOL

[09:56] {dino} -5% since wed

[09:57] {Geo} retirement is for slackers vad

[09:57] {Threei}  geo... would you rather prefer I stay and bring no money? :)

[09:57] {Geo} i didnt say it was bad

[09:57] {Geo} you caould then stay and "guide"

[09:58] {Threei}  PALM...

[09:58] {Threei}  break or double top...

[09:58] {Threei}  grrr... break

[09:58] {KSystems} too fast for me

[09:58] {Threei}  it's been so long since this thing traded with any decency, I unlearned to trade it

[09:58] {_jamie} Palm has a daily gap bigger than the Snake River

[09:59] {tomg} len again vad?

[09:59] {Geo} just realeased a new gadget

[09:59] {Geo} suppossed t be good

[09:59] {Threei}  I wouln't tim

[09:59] {Threei}  tom, sorry

[09:59] {tomg} ok ty

[10:00] {Threei}  OK, when was last time you had a portion of bs poured on you?

[10:00] {Threei}  here comes:

[10:00] {Threei}  (US) WHITE HOUSE PRESS SEC: ACTIONS TAKEN TO AIDE ECONOMY WILL TAKE TIME BEFORE THEIR FULL EFFECTS ARE FELT

[10:00] {Threei}  - US citizens need to 'have faith' that the economy will recover

[10:00] {Threei}  need to have faith?

[10:00] {Onix} like every day!

[10:00] {Threei}  we have faith it will recover if you stop screwing with it

[10:01] {cosmo} a fifth?

[10:01] {Threei}  RIMM

[10:01] {Threei}  aww

[10:02] {Threei}  late

[10:04] {dino} wynn sm l .95

[10:08] {Threei}  some more details on LEN

[10:08] {Threei}  HEARING 'FRAUD DISCOVERY INSTITUTE' RAISING RED FLAGS CONCERNING THE COMPANY (TIMING UNCERTAIN)

[10:08] {Threei}  - Red flags addressed concern company's joint ventures allegedly operating like Ponzi schme, and company has continued to provide vague and less than transparent responses to the SEC about off balance sheet and joint venture debt

[10:09] {Threei}  I would stay away from short side

[10:09] {Threei}  too high risk of denial, CNBC comment etc

[10:09] {Threei}  can jump very fast

[10:10] {Threei}  US BANK INDUSTRY GROUP REITERATES OPPOSITION TO PROPOSED BY US SENATE PLAN THAT WOULD ALLOW BANKRUPTCY JUDGES TO ALTER MORTGAGE TERMS

[10:10] {Threei}  - Note: 1.08 -Senators release details of mortgage modification plan: Asking to modify bankruptcy laws to allow for additional mortgage modifications

[10:10] {Threei}  - Would incentivize banks to rewrite mortgages to try and prevent bankruptcies

[10:10] {Threei}  US bank industry group dares to oppose something?

[10:10] {Threei}  where the hell is my machine gun

[10:11] {hawkfan4} lol

[10:12] {tomg} palm vad?

[10:13] {Threei}  I would feel much safer with deep juicy pullback

[10:13] {tomg} ok ty

[10:13] {Threei}  this thing was abandoned and almost written off for sop long,

[10:13] {dino} take the cash and flip them off

[10:14] {Threei}  its re-entrance in market with some relevant product caused a lot of enthusiasm

[10:14] {Threei}  but still, it's not 1999

[10:14] {Threei}  such extended moves rarely get extendeer, if I may say so

[10:16] {Threei}  OK, that's better

[10:17] {Threei}  can start trying for bounce

[10:17] {Threei}  stop narturally under 6

[10:17] {Threei}  take scalp or partial if got it around .15

[10:18] {Threei}  I don't call it exaclly, this is different kind of play

[10:18] {Threei}  either you got a feel for bounce in the area I can outline, or stay away

[10:18] {Threei}  DREYS sharpo drop

[10:19] {Threei}  DRYS

[10:21] {ese} DAAAAAAA......HWAY.....always the spread of 5 to 10 cents from11.80 on up ....could not get in

[10:21] {Threei}  from under 6 now

[10:21] {Threei}  if holding above 5.90, then on re-crossing 6

[10:22] {Threei}  if loses 5.90, look for 5.60 area

[10:22] {Threei}  aren't you glad we didn't believe in another break on PALM

[10:23] {dino} celg sm l .85

[10:23] {KSystems} palm stop?

[10:23] {dptl} in palm .00

[10:24] {Threei}  come on... :)

[10:24] {Threei}  under 5.90 of course

[10:24] {KSystems} would have said 80

[10:24] {KSystems} ok

[10:24] {Threei}  [10:21] {Threei} if holding above 5.90, then on re-crossing 6

[10:24] {Threei}  this is where it bounced from

[10:24] {Threei}  last support becomes stop level

[10:24] {KSystems} some idiot filled me at .10

[10:24] {Threei}  and it actually went to 1;1

[10:24] {KSystems} wow

[10:25] {_jamie} vad are you liking palm here or no?

[10:25] {Threei}  for scalp only jamie, but you are late

[10:25] {dptl} ahh didn't get it

[10:25] {Threei}  I described the p,lay above

[10:25] {Threei}  KS, that was rude... here is politically correct way to say it:

[10:26] {Threei}  thank you unknown buyer!

[10:26] {KSystems} jeez

[10:26] {Threei}  1:1 is upon us again

[10:26] {dptl} ok out .10 ty

[10:27] {Geo} man i bailed early again

[10:27] {wishbone} me too

[10:27] {tomg} ty vad out .17

[10:27] * Geo needs a chat with vad

[10:27] {dptl} i dont even care profit is profit

[10:28] {Geo} no i missed the first 1:1 so bailed at 5 cents :(

[10:28] {dptl} ohhh 

[10:29] {wishbone} geo..did the same thing

[10:29] {KSystems} PALM - out 1/2 .10 - out 1/4 .20 - out rest .13

[10:29] {Geo} was too focussed on keeping the drys and len money

[10:30] {wishbone} i chickened out at vads comment.....,but you are late!

[10:30] {tomg} great read on palm vad

[10:30] {tomg} and no, you can't go home :)

[10:30] {Threei}  ty tom

[10:31] {Threei}  wish... that was comment with meaning do not enter here

[10:31] {Geo} same here wishbone

[10:31] {wishbone} i realize that now:)

[10:31] {Threei}  doesn't necessary mean bail out here, as long as you are comfortable with risk

[10:31] {Threei}  what's with fearing 10 cents stops??? :)

[10:31] {Geo} youre right vad..... as always

[10:31] {wishbone} i don't know.......:(

[10:31] {Threei}  or you guys intend to learn to trade with no stops at all?

[10:32] {dino} afam sm l .60, risky

[10:32] {ese} dino...howd you do on AFAM?

[10:33] {Threei}  if anyone manages to do that, don't forget to teach me

[10:33] {Geo} sarcasm

[10:33] {dino} just bgt it

[10:33] {Onix} can't be done

[10:33] {dino} so far not good

[10:33] {Geo} hey buy and hold investors did it all 2008 :)

[10:33] {Threei}  although I'll submit, one who learns to trade with no stops can rightfuly claim title of god - only gods defy odds, right?

[10:34] {wishbone} lol geo

[10:34] {ese} thinking bounce?

[10:34] {dino} y

[10:34] {ese} been following it......want to go long sm...300 maybe

[10:34] {dino} -7 pts since 3:30 yesterday

[10:35] {ese} it's now hooked onto thQQQQ so if Q's bounce it might

[10:37] {dino} y

[10:37] {dino} patience; gg?

[10:38] {patience} got a downgrade today, i'll look at the chart

[10:38] {dino} gold turning up

[10:39] {tomg} palm ?

[10:39] {patience} 5 minute chart looks good for a bounce

[10:39] {Onix} you are ABSOLUTELY spot on about the no stops Vad

[10:40] {patience} i got burnt this morning on gold dino...stocks not behaving

[10:41] {dino} ok, thx

[10:41] {dino} thought it was just me missing something\

[10:42] {ese} limit .60 sm  gonna give it a try AFAM

[10:42] {dino} :)

[10:42] {ese} thats me sitin there at .60 for 300

[10:43] {Geo} on arca ese?

[10:43] {ese} y

[10:43] {Geo} for nasdaq stock?

[10:43] {ese} anybodys stock.....

[10:43] {Geo} ok

[10:43] {Geo} you on laser?

[10:44] {ese} cancelled it......

[10:44] {ese} was worth a shot

[10:44] {Geo} yup

[10:45] {ese} no....useless canadian company....Questrade

[10:45] {Geo} laser is the amazing

[10:46] {ese} y...am thinking about changing when things settle down

[10:46] {hawkfan4} it's great es, just started with it on monday and already loving it

[10:47] {Geo} i only know one more as fast... but it has glitches during fomc and needs retail margin... so i bailed out

[10:52] {ese} one of them day late dollar short type of days...missed palm,ocnf,hway, and afam......somebodys telling me something here

[10:52] {_jamie} Good call on Palm Vad

[10:52] {Threei}  :)

[10:52] {dino} my entries are way off es, tricky market

[10:53] {wishbone} aplm call?

[10:53] {wishbone} palm

[10:54] {ese} napalm.........

[10:54] {wishbone} lol

[10:57] {lisa_jay} .

[10:58] {Chaeron} Hi everyone

[10:58] {Geo} hiya chaeron

[10:58] {hawkfan4} hey Chaer

[10:58] {ese} CCCCCCHHHHH BABY!!!!!!!!!

[10:59] {Chaeron} heheh... hi ese, hawk, Geo... is Lisa connected or is she just littering?

[10:59] {dino} v sm wide deck .75 l

[10:59] {_jamie} Pleasure 

[10:59] {lisa_jay} :-)

[10:59] {Chaeron} nice to meet you too Jamie

[10:59] {_jamie} :)

[10:59] {wishbone} '

[10:59] {lisa_jay} Not sure Chaeron.

[11:00] {wishbone} did i get disconnected then reconnected

[11:00] {KSystems} yes wish

[11:00] {Chaeron} look ok from here lisa... you too wish

[11:00] {lisa_jay} Microwave was on earlier...so just checking to see if i am alive.

[11:00] {dino} lol

[11:00] {wishbone} anyone else?

[11:02] {Threei}  chaeron :)

[11:02] {Chaeron} hi Threei

[11:03] {ese} littering?????   ha ha ha ....haven't heard that line before...funny

[11:04] {Chaeron} you need to get out more ese...

[11:04] {Chaeron} pru

[11:20] {patience} nice bounce in goldf and slw

[11:20] {dino} yes, missed it wanted 26.40

[11:20] {wishbone} ya caught a bit of that on gg patience:)

[11:20] {patience} no wish, was getting ready to go out for a run

[11:21] {wishbone} sorry i caught a bit of it:)

[11:21] {dino} -4 lbs so far, need -20

[11:21] {Threei}  watch DRYS for pullback into .50 area

[11:21] {Threei}  possibly establishing scalpabkle range between .50 and .70

[11:25] {ese} ICLR...%$#@%$@.....can NOT!!! seem to deal with these spreads today

[11:27] {dino} size down

[11:27] {ese} hmmmmmmmm....why didn't i think of that....?

[11:29] {ese} seems dumb.....but i didn't ithink about it.....wrong mind set.....was looking full lot on most everything

[11:30] {dino} i and thought you were being sarcastic

[11:30] {ese} no weirdly enough........

[11:32] {ese} dino....yo da women!!!!  ahhhhhh man!!! 

[11:32] * dino slaps ese around a bit with a large trout

[11:32] {dino} sxci drop

[11:32] {tomg} still looking at drys for range scalp vad?

[11:32] {ese} I knew that was coming......i just knew

[11:33] {Threei}  yes tom

[11:33] {tomg} k

[11:33] {Threei}  not in a big hurry though

[11:33] {Threei}  things slowed down considerably

[11:34] {tomg} think i'll stop then, have a good weekend everyone

[11:34] {Threei}  good idea if you up nixcely

[11:34] {Threei}  have a great weekend

[11:34] {tomg} yes, best day this week, ty :)

[11:35] {Threei}  :)

[11:35] {dino} cya tom

[11:35] {dino} gj

[11:36] {hawkfan4} nice tom

[11:40] {Threei}  LEN

[11:40] {Threei}  EARING DEFENDED AT SOLEIL (TIMING UNCERTAIN)

[11:41] {Threei}  LENCFO: FRAUD INSITITUTE'S MINKOW IS AN 'ANGRY LITIGANT'; DOES NOT COMMENT ON OR DENY THE SPECIFIC ALLEGATIONS MADE BY MINKOW - CNBC

[11:45] {Threei}  watch DRYS and market

[11:45] {Threei}  market stabilizes and recovers, DRYS is a buy off support for a scalp

[11:47] {dptl} in .56

[11:48] {dptl} stop under .50

[11:55] {Threei}  don't oversit dp... just a scalp

[11:55] {Threei}  little lunch money

[11:57] {dptl} out +.10 ty

[11:57] {i2romantis} got out of palm too early, but +.20 is not bad

[11:57] {i2romantis} 1:2

[11:58] {i2romantis} out of drys at +.12 ty Vad

[11:58] {i2romantis} i had palm at 5.71 and didn't see it jumping so much back up

[11:59] {i2romantis} but i won't complain :)

[11:59] {dptl} grabed hway +.31

[11:59] {i2romantis} nice

[11:59] {Threei}  good job guys

[12:00] {dino} celg stop to .25

[12:00] {ese} outta here for the weekend all...see ya monday

[12:00] {Threei}  take care ese :)

[12:00] {dino} cya es

[12:01] {wishbone} drys +14 ty vad

[12:01] {Threei}  wish :)

[12:01] * Threei is soo ready to retire

[12:02] {i2romantis} must be nice :)

[12:02] {KSystems} no way 3i you still have to punch in loads of user accounts :P

[12:02] {Threei}  lol

[12:03] {dino} out celg .29, +.44

[12:04] {Threei}  you guys fgind your plays just fine... that's my door to retirement

[12:06] {dino} you retiring?

[12:06] {Larisa1} in his dreams :)

[12:06] {dino} ohhh

[12:08] {Larisa1} I know threei for many years and he was dreaming of retirement for all these years, just ignore :)

[12:09] {dptl} lol

[12:09] {Threei}  sure... go ahead and ignore me

12:09] {Threei}  everyone esle does...

[12:09] {Threei}  why not you

[12:09] {Geo} vad this IS retirement

[12:09] {Larisa1} lol

[12:09] {Threei}  in a way, yes, lol

[12:12] {wishbone} yousers DRYS

[12:13] {Geo} ended this week really well courtesy vad....... off to work... have an excellent weekend all

[12:13] {hawkfan4} u2 geo

[12:13] {Threei}  take care geo, have a good one

[12:14] {dino} cya geo

[12:14] {dino} rmbs

[12:15] {Larisa1} do not see news

[12:16] {wishbone} vad u catch that bounce in drys

[12:19] {dino} you find rmbs news?

[12:23] {dino} micron case, rmbscannot enforce

[12:23] {dino} from boards so careful

[12:28] {dino} v sm l rmbs .81

[12:28] {hawkfan4} 12:16   RMBS Rambus drops 1 pt amid surge in volume following Bloomberg headline indicating that Rambus has lost a chip patent case against Micron  (16.77 -1.71) 

[12:30] {dino} stopped

[12:31] {Larisa1} falling knife

[12:33] {magoo} VAD RMBS bounce?

[12:37] {Threei}  beyond risky for now

[12:39] {hawkfan4} wow

[12:39] {Threei}  uhhu

[12:41] {magoo} quite a percentage hit here

[12:54] {dptl} drys .80?

[12:57] {Threei}  ok... this time is safer if pulls back again

[12:57] {Threei}  .40 is likely to hold

[12:57] {dptl} rmbs?

[12:57] {Larisa1} bad thing it does not want to provide any bounces

[12:58] {dino} how much were they supposed to get/

[12:58] {hawkfan4} wants 50 day at 11.70, at least

[12:58] {Threei}  not holding again

[12:59] {Threei}  sheesh

[12:59] {Threei}  didn't eve pause around .40

[12:59] {i2romantis} yes, very nervous

[13:00] {dino} is mu the other company

[13:01] {dptl} drys?

[13:01] {Larisa1} missed HIG because of freaking RMBS, glued to it :)

[13:02] {dino} rmbs maybe 10 magnet

[13:12] {Threei}  hawk, dcc pls

[13:21] {Larisa1} signs of real panic

[13:21] {Threei}  yup

[13:22] {Threei}  pure joy to see

[13:22] {Threei}  traders have passion

[13:26] {dino}  rmbs 10s

[13:35] {Threei}  ok guys

[13:35] {Threei}  let's test new room connection

[13:35] {Threei}  so we have less confusion come Monday

[13:35] {Threei}  first, simplest method

[13:35] {Threei}  go to address I will post, enter your username and password

[13:35] {Threei}  http://widget.mibbit.com/?settings=1751cb31976f0adcb5507411d8ee92ac&server=irc.jastech.de&channel=%23floor%2C%23discussions&promptPass=true

[13:36] {dino} ncit sm l .15

[13:37] {Geo} cois this web based only?

[13:38] {Threei}  no

[13:38] {dptl} i've benn kiked out

[13:39] {Threei}  wrong password

[13:40] {wishbone} keeps scrolling up and can't read most recent text

[13:40] {dptl} in

[13:41] {dptl} is anybody there?

[13:42] {Threei}  I don't see you there dp

[13:43] {dptl} well it's says i am here...and alone lol

[13:44] {patience} i see you there dp

[13:44] {Threei}  there you go

[13:44] {dptl} there now i see 

[13:45] {Threei}  OK now

[13:45] {Threei}  if you want mirc

[13:46] {Threei}  you need to download new one from www.mirc.com or whereever they give away mircs these days

[13:46] {Threei}  connect to a server by /SERVER irc.jastech.de 6667

[13:46] {Geo} wow hosted in germany

[13:46] {Geo} fancy

[13:46] {KSystems} lol

[13:46] {Threei}  then login using /msg nickserv IDENTIFY {password}

[13:47] {Geo} too complex... anyway we can save all this info in irc in future?

[13:47] {Threei}  then joing channels by commands /join #discussions and /join #floor

[13:47] {Geo} like current

[13:47] {Threei}  not channel join commands

[13:50] {_jamie}  Vad is there something I need to be doing now to go to the new room, I had to step away?

[13:50] {Threei}  just go to http://widget.mibbit.com/?settings=1751cb31976f0adcb5507411d8ee92ac&server=irc.jastech.de&channel=%23floor%2C%23discussions&promptPass=true

[13:50] {Threei}  enter your nick and password

[13:52] {Geo} hey K

[13:52] {Geo} i closed my browser

[13:52] {Geo} and trying to connect with mirc

[13:52] {Geo} it says geo already in use

[13:52] {Geo} unable to join

[13:52] {Geo} address is banned

[13:53] {KSystems} geo

[13:53] {KSystems} you tried to login with the nick Geo1

[13:53] {KSystems} thats not registered

[13:53] {Geo} thats alternate

[13:53] {Geo} ok

[13:53] {KSystems} try again as Geo :)

[13:53] {Geo} ill remove

[13:54] {patience} hey dino, what are your thoughts on how we end the day? ty

[13:55] {Threei}  lol geo

[13:55] {Threei}  ks just doesn't like you

[13:55] {Geo} ah come on i am trying hard.... mirc newbie

[13:55] {lisa_jay} are you logged in GEo?

[13:56] {Geo} not in the new room

[13:56] {KSystems} geo dcc on new room plz

[13:59] {dino} patience, feels down

[13:59] {patience} yup

[14:09] {patience} back in silver wheaton (slw)

[14:14] {Threei}  so guys... since everything seems to be rolling smoothly, come Monday we are in the new room

[14:14] {Threei}  deal?

[14:14] {Onix} where?

[14:14] {Onix} patience

[14:15] {patience} ?

[14:16] {Onix} in SLW

[14:16] {patience} yup, just for something to do

[14:16] {KSystems} jmb dcc please, on new system

[14:16] {patience} 7.49 on cdn side

[14:16] {Onix} ty

06[14:21] * dptl slaps Geo around a bit with a large trout

[14:22] {dino} out ncit .97, +.82

[14:22] {patience} very nice dino

[14:23] {dino} ty

[14:26] {wishbone} has any figured out how to keep mibbitt on top of other applications?

[14:33] {brian3579} i missed it all again vad whats going on

[14:33] {Threei}  lol

[14:33] {Threei}  testing new room

[14:33] {magoo} vad, doesnew room habve icon on screen to log in like old one

[14:33] {Threei}  the easiest solution for now:

[14:34] {brian3579} do you need me to do anything

[14:34] {Threei}  [13:50] {Threei} just go to http://widget.mibbit.com/?settings=1751cb31976f0adcb5507411d8ee92ac&server=irc.jastech.de&channel=%23floor%2C%23discussions&promptPass=true

[14:34] {Threei}  [13:50] {Threei} enter your nick and password

[14:34] {Threei}  just use this link magoo

[14:34] {Geo} could we keep both on for a while?

[14:34] {Threei}  not really

[14:35] {Geo} sigh

[14:35] {Threei}  I can't type in both, and it's highly confusing

[14:35] {Geo} let me copy all the instructions from this room then

[14:35] {KSystems} you could vad, just shutdown laser

[14:35] {Geo} lol

[14:35] {Threei}  lol

[14:35] {dptl} roflol

[14:35] {KSystems} instead of entering order, you do second chat

[14:35] {Geo} we could open a social networking site

[14:37] {Geo} vad one concern....

[14:37] {Geo} i am not endorcing hydra

[14:37] {Geo} as i hav only "heard" its good

[14:37] {Geo} which one do you want documented

[14:38] {dino} out wynn .35, +.40 all day

[14:38] {Threei}  President Ford: I wish everyone in my surroundings had just one hand

[14:38] {brian3579} go to this new room on monday?

[14:39] {Threei}  yes brian

[14:39] {Threei}  old one is holding by fingertips

[14:39] {brian3579} lol

[14:39] {Threei}  can crash any day

[14:39] {KSystems} even did, few days ago

[14:39] {KSystems} remember?

[14:39] {Threei}  and problems causing it are pratcically unfixable

[14:39] {Geo} i am documenting mirc

[14:39] {Geo} not sure about hydra right now

[14:39] {Geo} can add later

[14:40] {Geo} it has most userbase

[14:40] {Threei}  I am looking at reviews geo

[14:40] {Geo} YOU tell me boss

[14:42] {wishbone} geo DCC pleas

[14:43] {Threei}  geo

[14:43] {Geo} y

[14:44] {Threei}  reviews are good, it all comes to how convinient it is and whether there are some configuration quirks that are important for our particular case

[14:44] {Geo} we also have to be mindfull if your old scripts port vad

[14:44] {Geo} mirc is easier but they want money

[14:44] {Threei}  what do you say if you try it for a day or two to make sure it can do everything we need

[14:44] {Geo} only you or K can try out your call scripts etc

[14:45] {Geo} i can try as normal user

[14:45] {Threei}  yes, but no one else needs scripts

[14:45] {Geo} yes

[14:45] {Threei}  so let's testg it for the room members,

[14:45] {Geo} hydra?

[14:45] {Geo} ok

[14:45] {Threei}  and we will check into script side

[14:45] {Geo} works for me

[14:45] {Geo} ill get on it

[14:45] {Threei}  worst case scneario, you'll use hydra and I'll remain on mirc

[14:45] {Geo} ill crawl back then

[14:45] {Geo} lol

[14:45] {Threei}  and automate it as you did

[14:46] {Geo} cool

[14:46] {Geo} makes sense

[14:46] {Geo} ok boss

[14:46] {Threei}  ty

[14:46] {KSystems} currently, hydra has no scripting capabilities

[14:46] {KSystems} according to its wiki

[14:46] {Geo} crap

[14:46] {Geo} you could move to the paid mirc

[14:46] {Geo} something like 40 yr

[14:46] {wishbone} are MIRC and Hydra just different chat softwares.....VAD?

[14:46] {Geo} we all be freebies on hydara?

[14:47] {Geo} you keep scripts

[14:47] {Threei}  yes wish

[14:47] {Geo} bet of bot worlds

[14:47] {Threei}  I guess that's the way to go if you test hydra OK

[14:47] {Geo} i am downloading 

[15:03] {patience} god willing no one else bought slw...watching moss grow is faster

[15:11] {Onix} i did but took a tight stop ty

[15:23] {Geo} vad dcc pls

[15:24] {patience} out slw -.10

[15:24] {Onix} aah

[15:27] {Onix} i thought there would be quite a bit of short-covering by this time

[15:28] {patience} i think there are private wealth funds dumping this week onix

[15:28] {Onix} oh thats whats happe'ning

[15:28] {Onix} ty

[15:28] {patience} just guessing, i'm not one of their clients   :)

[15:29] {Onix} lol

[15:29] {Threei}  *CITIGROUP AND MORGAN STANELY IN TALKS TO MERGER BROKERAGE UNITS - CNBC

[15:29] {Threei}  {MS}

[15:30] {dino} wynn sm l .51

[15:31] {Threei}  DRYS

[15:31] {Threei}  if not losing .40, long on .50 break

[15:31] {dino} markets whipping around

[15:31] {Threei}  let's do half lot, why risk spoiling perfect day

[15:32] {Threei}  invalidated anyway

[15:42] {hawkfan4} gotta run, have a great weekend all

[15:42] {wishbone} take care hawk

[15:43] {Threei}  take care hawk

[15:43] {dino} cya hawk

[15:53] {Threei}  Ok guys... no more trades as you probably gathered

[15:53] {Threei}  excellent start of the new year

[15:54] {lisa_jay} Thanks Vad.

[15:54] {Threei}  6 trading days, 6 wins

[15:54] {Threei}  let's have a great relaxing weekend,

[15:54] {Threei}  start new week in new room

[15:54] {dptl} have a good weekend all

[15:54] {Threei}  I'll see you all on Monday

[15:54] {lisa_jay} Bye everyone.

[15:54] {Larisa1} see you

[15:55] {dino} out wynn -.35

Jan 08 2009

The day started out very well with RIMM and DRYS, got inactive later on with little scalps here and there. Then as we hit two nice wins on PLD and DRYS about an hour before close and decided to finish the day lest we get too cocky.

Session Time: Thu Jan 08 00:00:00 2009

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 467K V 545KE;

[08:30] {Threei}  CONTINUING CLAIMS: 4.611M V 4.483ME

[08:35] {Larisa1} good morning :)

[08:35] {Threei}  Larisa :)

[08:36] {Larisa1} oh oh something happened with echo in #floor, go feed the hamsters :)

[08:37] {Threei}  just a sec

[08:37] {Threei}  test

[08:37] {Threei}  there you go

[08:37] {Larisa1} thanks :)

[08:39] {i2romantis} morning :)

[08:40] {Threei}  i2r :)

[08:52] {Onix} Good morning everybody

[08:52] {Threei}  onix :)

[08:55] {brian3579} gm all

[08:56] {Threei}  brian :)

[08:56] {Onix} hi brian

[08:59] {brian3579} whats up

[08:59] {wishbone} good morning

[09:00] {Threei}  wish :)

[09:00] {Threei}  BALTIC DRY BULK INDEX +4.1% (THIRD CONSECUTIVE GAIN)

[09:02] {lisa_jay} Good morning.

[09:03] {Threei}  lisa :)

[09:06] {Onix} hi wish; lisa

[09:06] {lisa_jay} Hi Onix

[09:06] {wishbone} hi onix

[09:07] {Geo} good morning fellow speculators

[09:07] {Onix} hi geo

[09:07] {wishbone} geo

[09:08] {Threei}  Geo :)

[09:09] {dino} gm all

[09:09] {magoo} morning

[09:09] {Threei}  dino, mags :)

[09:10] {Onix} hi dino; magoo

[09:10] {hawkfan4} morning all

[09:10] {Threei}  hawk :)

[09:10] {Onix} hi hawk

[09:10] {hawkfan4} hey Onix :)

[09:12] {dptl} good morning all

[09:12] {Threei}  dp :)

[09:13] {Onix} hi dp

[09:13] {dptl} :)

[09:14] {Threei}  test

[09:15] {dptl} what is that floor window?

[09:15] {Threei}  my comments only, echoed

[09:16] {Threei}  free of room chatter in case you need to scroll and find my alert

[09:16] {dptl} oh...i see :)

[09:16] {Geo} well vad that takes care of our noise...

[09:17] {Threei}  on a third day dp noticed barn lacked 4th wall and he can escape

[09:17] {Geo} how about your chats?:)

[09:17] {Threei}  sorry, can't be helped

[09:17] {Threei}  neither can my slaps

06[09:18] * Threei slaps Geo around a bit with a large prohibition to stop him from chatting

[09:18] {ese} morning all

[09:18] {Threei}  ese :)

[09:19] {Onix} hi ese

[09:19] {magoo} ISRG hit 93 last nite

[09:20] {Threei}  01/07/09 04:05pm [ISRG] Guides Q4 R $232M v $255Me; Guides FY09 sales +15% y/y

[09:21] {magoo} cramer was pushing it at 180 lol

[09:21] {Threei}  oh boy

[09:21] {Threei}  what a total kiss of death

[09:25] {ese} ISRG dino -17.00

[09:26] {dino} was watching it afterhours es

[09:26] {Geo} hey lisa... you there?

[09:27] {dino} not sure, but feels lower

[09:27] {lisa_jay} Hi Geo.  

[09:27] {Geo} TOS got bought out by ameritrade

[09:27] {Geo} dont know if its good news if they centralize

[09:27] {lisa_jay} Oh..

[09:27] {dino} shld

[09:27] {lisa_jay} Havn't heard any changes yet...will look into it.

[09:28] {Geo} it will take some time

[09:28] {Geo} they announce yesterday

[09:30] {lisa_jay} Thanks Geo.

[09:31] {Threei}  DRYS pullback to .40 area for possible long

[09:32] {Threei}  no chance, just broke instead

[09:33] {dino} rumors oxps in play over real$

[09:34] {Threei}  09:16am [OXPS] Friedman Billings Initiates OXPS with Market Perform, price target: $15

[09:34] {magoo} no volume

[09:36] {Threei}  DRYS pullback to .60 area for possible long

[09:36] {Threei}  .40 would be even better

[09:37] {dino} deck again

[09:37] {Threei}  alternatively, .80 break

[09:37] {Threei}  with sdtop under .70

[09:38] {Threei}  over 1:1

[09:38] {Threei}  out 13

[09:38] {tomg} thanks vad

[09:38] {Threei}  welcome

[09:39] {magoo} out .14 TY

[09:39] {Threei}  :)

[09:39] {lisa_jay} Out .19 Thanks Vad.

[09:39] {Threei}  good job guys

[09:39] {Geo} out.21

[09:39] {Threei}  nice reflexes too

[09:39] {magoo} caught .80

[09:39] {Threei}  wow... that's a lot more than I expected

[09:40] {Threei}  all I wanted was finger-warming scalp to start the day, lol

[09:40] {Threei}  quick drop to 13 or just under and I'll be interested again

[09:41] {dino} watching itri, deck, shld, wynn

[09:41] {Threei}  RIMM

[09:41] {Threei}  half lot .85 long

[09:41] {Threei}  if holding .70

[09:41] {dino} 86-73 deck from tues

[09:41] {Threei}  invalidated

[09:42] {dino} itri trig .50 imo

[09:42] {Threei}  what's with DRYS?

[09:42] {magoo} having one of those days

[09:44] {Geo} vad is there a way not to see premarket on charts?

[09:45] {dino} itri on your own anyone took it

[09:45] {Threei}  click on chart,

[09:46] {Threei}  look for button Chart Expand and Chart Contract under the menu line

[09:46] {Threei}  two horisontal arrows with two vertical lines

[09:46] {Threei}  use those to manipulate the chart

[09:47] {Geo} got it thanks

[09:47] {Threei}  RIMM, watching again

[09:47] {dino} out itri .87, +.41

[09:47] {Threei}  .60 closest support

[09:48] {Onix} nice dino

[09:48] {dino} rate showing strength, -7 in 3 day

[09:48] {Geo} ahh that just zooms in and out... i was wondering if it removes premarket... easier to see gaps

[09:48] {dino} ty onix

[09:48] {Threei}  gaps are easier seen on daily

[09:49] {Geo} ok ty

[09:49] {ese} just looked at that dino .....nice one

[09:49] {dino} ohh mannnnn (swiper) missed deck, wanted 73.50

[09:51] {Threei}  DRYS, watching for 13.40 area for bounce

[09:52] {Threei}  RIMM .45 long

[09:53] {Threei}  half out

[09:53] {Threei}  scalpers take profit

[09:53] {dino} eqix hmmm 

[09:53] {lisa_jay} Vad, what would be the stop for Rimm, did not take it though.  Thanks.

[09:53] {Threei}  .35

[09:54] {dino} mkt wants 8500 area imo

[09:54] {Threei}  it went up to first target faster than I could type stop, lol

[09:54] {Threei}  so was no need

[09:54] {tomg} ty rimm vad

[09:54] {Threei}  tom :)

[09:54] {dino} shld animal

[09:54] {Threei}  out in full RIMM .70

[09:55] {Geo} all out .72

[09:55] {Geo} thanks vad

[09:55] {Threei}  sure thing

[09:55] {dino} gj

[09:55] {Geo} beauty.... was in .41

06[09:55] * Threei honestly hopes geo didn't just call him beauty

06[09:56] * Geo only has eyes for wife of 10 yrs

[09:56] {Geo} my wife that is

[09:56] {Threei}  timely addition

[09:56] {Geo} lol

[09:57] {Geo} has visions of nailed 2/4

[09:57] {Geo} hmm rimm

[09:58] {Geo} wow SHLD

[09:58] {Geo} DRYS break?

[09:58] {Threei}  risky as hell

[09:58] {Threei}  it acts against all sensible patterns today

[09:59] {Threei}  so hard for me to evaluate the odds

[09:59] {dino} mcd, wmt

[10:01] {Threei}  half lot DRYS day high break long if not losing 14 anymore

[10:02] {Threei}  stop .95

[10:02] {Geo} .14?

[10:03] {Threei}  should take .20 this time

[10:03] {Threei}  yup

[10:04] {Threei}  half out .30

[10:04] {Threei}  or scalp naturally

[10:05] {Threei}  stop to under .10

[10:06] {lisa_jay} Thanks Vad, got 15c.

[10:06] {Threei}  stop to under .15

[10:06] {Threei}  :)

[10:08] {magoo} out .43 TY boss

[10:08] {Threei}  out in full .43

[10:08] {magoo} yup

[10:08] {hawkfan4} nice one

[10:08] {Threei}  I am getting nervous... too easy money today {G}

[10:09] {dino} t hl l .20, stop .93

[10:10] {KSystems} DRYS out 1/2 .30 out 1/4 .43 out rest .32

[10:11] {magoo} RIMM low of day vad

[10:11] {Threei}  gj

[10:12] {magoo} mkt feels strong

[10:13] {Larisa1} Obama to speak in 45 on stimulus

[10:13] {Geo} v

[10:13] {Threei}  dude, where is my bailout?

[10:15] {cosmo} i wish they had those stimulants when I was in school....sheesh

[10:15] {Larisa1} lol

[10:15] {cosmo} :)

[10:18] {magoo} so much for my strong mkt feel

[10:18] {Threei}  lol cosmo

[10:19] {dino}  lod

[10:19] {ese} Historic times for you all down there.....he's either going to be the greatest president you've ever had or the worst...don't see any in between.....

[10:19] {Threei}  RIMM doesn't follow market down

[10:19] {dino} pulling bids, feels "off"

[10:20] {magoo} neither does DRYS vad

[10:20] {Threei}  .50 break was too fast to alert

[10:23] {Geo} anyone take?

[10:23] {magoo} took .50 now

[10:23] {magoo} if mkt goes bounces

[10:23] {Geo} me too

[10:23] {magoo} should go over 46

[10:24] {magoo} if mkt helps

[10:25] {Threei}  just keep stop under .40, totally valid trade considering how small the risk is

[10:26] {dino} confusion

[10:26] {magoo} im kickin -n-kickin here

[10:26] {Threei}  come on dino... no need to broadcast to entire world my normal state of mind

[10:27] {dino} eqix sm l .15

[10:27] {Geo} enh...... took scalp

[10:27] {Geo} profit protection....

[10:27] {Geo} all out .7

[10:28] {Threei}  DRYS prepares .50 break or what

[10:28] {KSystems} take it?

[10:28] {dino} deck

[10:28] {dino} gj geo

[10:28] {Threei}  half lot with stop under .40 and 50/50 odds

[10:28] {Geo} ty... vads call

[10:29] {magoo} hurt myself kickin

[10:30] {Threei}  invalidated for now

[10:30] {KSystems} pretty invalid now i guess

[10:30] {KSystems} anyone still in RIMM?

[10:31] {dino} deck sm l .38

[10:31] {dino} gappy

[10:33] {Geo} i feel bad.... about rimm

[10:33] {Geo} it pays so well and i am abandooing it for iphone

[10:33] {magoo} u won on it this time

[10:33] {magoo} i still in

[10:34] {dino} rimm putting a "hit" on geo

[10:35] {Threei}  I am with you now mags, grabbed .45 on this last retreat

[10:35] {Threei}  half out though .65

[10:42] {magoo} bumped out

[10:42] {magoo} waiting out for RIMM @ .08

[10:43] {ese} the machine has to learn to speak properly ....dis'CAR'nected   ...what is a dis carnected...ehhhh 

[10:44] {magoo} out RIMM .95 changed mind

[10:44] {magoo} TY vad+.45

[10:44] {Threei}  :)

[10:44] {Threei}  ok, I am out too

[10:50] {magoo} .

[10:50] {magoo} am i here

[10:50] {Threei}  nah

[10:50] {dino} out deck .10 +.72

[10:50] {magoo} dammit

[10:50] {magoo} ill reboot then :)

[10:52] {magoo} can u hear me now?

[10:53] {dino} grrr cyber, change delayed, thru sell, stating pending

[10:54] {dino} out eqix cyber screwed me wanted .25, gave me ,15, +1.00

[10:58] {dino} tough crowd

[10:59] {Threei}  we are just so sorry for that screw up dino... :(

[10:59] {Geo} i hate cyber !!!

[10:59] {Threei}  trying to cope with all the grief about +$1

[10:59] {Threei}  you think it's easy?

[11:00] {dino} my point exactly

[11:01] {ese} early day....am outta here....see ya all tomorow

[11:01] {Threei}  take care ese :)

[11:06] {Geo} laserdave slacking today?

[11:06] {magoo} RIMM always dishes out scalpers regrett

[11:07] {Threei}  so far

[11:07] {magoo} do not want to see him today after my halt fiasco last nite

[11:09] {magoo} just kidding..always like to see him'

[11:10] {dino} ncit

[11:10] {Geo} what halted?

[11:12] {Larisa1} crxl did halt on buyout news { just do not want geo to feel ignored :)}

[11:13] {magoo} are u sure u aren't my ex...answering for me now lol

[11:14] {Larisa1} still thinking about it magoo :) you ok with crxl ?

[11:14] {magoo} out..took a hit tho

[11:15] {magoo} i was short

[11:16] {Larisa1} yes, I saw, glad it was not too bad.

[11:17] {Geo} wow

[11:20] {dino} ditto

[11:20] {magoo} ditto..dino..whats the diff lol

[11:25] {dino} hnsn sm l .37

[11:26] {dino} deck drop

[11:30] {dino} nnds pop, but very thin

[11:32] {dino} conn

[11:33] {Threei}  guys, listen up

[11:33] {Threei}  you noticed these frequent disconnects lately

[11:33] {Geo} yeah

[11:33] {lisa_jay} yes

[11:33] {Threei}  short story is,

[11:33] {Geo} its you stepping on the power cord?

[11:33] {dino} v sm, s nnds .53 stop .01

[11:33] {lisa_jay} not my microwave.

[11:33] {Threei}  machine server is being run on by host is aging and falling apart,

[11:33] {Geo} sad

[11:34] {Geo} what happenned to good old virtualization?

[11:34] {Threei}  and software that supports our connection mehtod is old and incompatible with newer OSs

[11:34] {Geo} i really think there are better chat softwares out there now

[11:34] {Threei}  we are preparing new way to handle it in case things stop working altoghetr

[11:35] {Geo} paltalk hot comm etc etc

[11:35] {Geo} you dont have to enable voice

[11:35] {dino} deck lod

[11:35] {Threei}  you want to pay for it mnthly geo?

[11:35] {Threei}  those are paid

[11:35] {Geo} honestly? 

[11:35] {Threei}  with existing way RT is the only side that pays, not user

[11:35] {Geo} paltack 20 bucks i will

[11:35] {Threei}  under those, users pay

[11:36] {Geo} no snart comebacks... ill only pay for mysekf

[11:36] {Geo} lol

[11:36] {Threei}  I want to avoid that if possible

[11:36] {Threei}  so listen further

[11:36] {Geo} i understand

[11:37] {Threei}  your login information is in database,

[11:37] {Threei}  however many of you are here for years,

[11:37] {Threei}  some changes were made with your username and/or passowrd

[11:37] {Threei}  on e-mail echange basis

[11:37] {Threei}  that were never reflected in database.

[11:38] {Threei}  In order to avoid confusion here is what I need from you:

[11:38] {Threei}  e-mail to me

[11:38] {Threei}  subject lihe: login info

[11:38] {Threei}  message body: your username and password

[11:38] {Threei}  no more text, just two words

[11:39] {Threei}  now, if you are on autoconnect for very long and don't remember it:

[11:39] {magoo} where we find our password?

[11:39] {Threei}  simply send your username and NEW password that you will remeber

[11:40] {Threei}  but use existing username please

[11:40] {Geo} we migrating new digs?

[11:40] {Threei}  deal?

[11:40] {Threei}  we are preparing them

[11:40] {Geo} cool... sent

[11:41] {magoo} my user name is magoo right?

[11:41] {Threei}  no

[11:41] {Threei}  magooevsky

[11:41] {Chaeron} Magoo makes me wonder how we've managed to not go extinct as a species

[11:42] {Geo} hiya chaer

[11:42] {Chaeron} Hi Geo :)

[11:42] {Threei}  chaeron :)

[11:42] {Geo} i like to think of it this way.... when there is a war we send him and vad

[11:42] {Chaeron} Hi Threei

[11:43] {Threei}  one more thing on this

[11:44] {Threei}  we hope for smooth transition with ample time to alert you when time comes,

[11:44] {Threei}  but if machine falls apart suddenly overnight or overweekend

[11:45] {Threei}  the place where new instructions will be placed is http://www.realitytrader.com/tradingroom/,

[11:45] {Geo} can we get email?:)

[11:45] {Threei}  scroll down to Trading Room Login

[11:45] {Threei}  I will send it but not everyone gets it

[11:45] {Geo} ok

[11:45] {Threei}  same issue: some addresses changed,

[11:45] {Threei}  not reflected in database

[11:46] {Threei}  some ISPs block unknown sender address

[11:46] {Threei}  and some people do not bother check their e-mails {G}

[11:46] {Threei}  or instruct their webmails to keep RT messages in Inbox

[11:48] {Threei}  now, while things slowed down greatly, I gotta try this

[11:48] {Threei}  read a joke couple days ago that only Russians could come up with

[11:48] {Threei}  not sure it translates... but let's see

[11:49] {Threei}  On some hot day I wanted go to the creek to drink.

[11:49] {Threei}  But didn't wuite make it... got drunk on my way.

[11:49] {lisa_jay} lol

[11:49] {Threei}  ty lisa

[11:50] {lisa_jay} :-)

[11:50] {KSystems} is it in rhymes in russian?

[11:50] {Threei}  no

[11:50] {KSystems} oh

[11:50] {Threei}  there is a rhytm but no rhyme

[11:50] {dino}  cov nnds .00, +.53

[11:50] {Chaeron} nice dino... at least someone here isn't slacking

[11:50] {hawkfan4} nice

[11:51] {dino} lol

[11:51] {dino} ty

[11:51] {Threei}  :)

[11:51] {dino} wynn interesting

[11:51] {magoo} where is the email button in laser bar?

[11:51] {magoo} HE HE

[11:52] {Threei}  thank you magoo... there IS someone with worse sense of humor than I

[11:59] {dino} 3i, i am slow, you need a NEW password?

[11:59] {Threei}  old will do

[11:59] {dino} ok

[11:59] {Threei}  new only if you don't remember old

[12:02] {dino} it is done

[12:04] {Threei}  I have 6 e-mails

[12:04] {Threei}  the rest doesn't want to connect

[12:08] {Threei}  7

[12:08] {hawkfan4} i was waiting, wanted to be 7th :)

[12:09] {Threei}  10

[12:14] {wishbone} dno 69 size bid hnsn?

[12:14] {wishbone} dino

[12:15] {Larisa1} this is so embarrassing, I was singing in my office { really loud}, UPS guy delivered a package, looked at me when i opened the door, said : is everything ok ? probably thought somebody is killing me. 

[12:15] {KSystems} what song?

[12:16] {Larisa1} russian song.. I only can sing when hubby is at work, he hates it too

[12:16] {dino} lol 

[12:16] {Geo} killing me softly with his song...........

[12:16] {dino} wish?

[12:16] {KSystems} :))

[12:16] {wishbone} r u in hnsn?

[12:17] {dino} y

[12:17] {dino} seems like days

[12:17] {wishbone} lol

[12:17] {wishbone} what do u make of bid @6.3?

[12:17] {dino} guess where stop is

[12:18] {wishbone} .2?

[12:18] {dino} behind the .11

[12:18] {dino} the 6.9k bid, don't trust it

[12:18] {dino} gone

[12:18] {wishbone} like that

[12:19] {dino} go meat

[12:20] {dino} liking wynn deck

[12:21] {dino} wynn giddy-up sm l .80

[12:25] {Geo} wynn in .6

[12:25] {Geo} correction .63

[12:26] {Geo} whats your exit dino?

[12:29] {dino} .20

[12:29] {dino} upside .37 down

[12:31] {dino} sorry geo

[12:31] {Geo} :)

[12:31] {dino} stopped

[12:32] {dino} moving over to deck

[12:36] {Threei}  you know how they say it's never one cockroach

[12:36] {Threei}  (Reuters) - The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission said on Thursday it has charged a Philadelphia investment fund manager and firm for an alleged $50 million Ponzi scheme.

[12:36] {Larisa1} 50 mil is nofing these days :)

[12:37] {Onix} more & more coming out of the woodwork

[12:37] {Threei}  yeah, that was small cockroach

[12:37] {Threei}  but their name is legion

[12:37] {Geo} cant be better than satyam

[12:37] {Geo} which means "the truth"

[12:38] {Threei}  what irony

[12:38] {Larisa1} lol

[12:41] {Threei}  I have 11 e-mails

[12:41] {Threei}  what are the rest waiting for

06[12:42] * Threei slaps Alert around a bit with a large trout

[12:42] {Threei}  oh wait, you are a bot

[12:43] {lisa_jay} Did you get mine...thanks.

06[12:43] * Alert slaps Three around a bit with a large user database

[12:43] {Threei}  yes lisa

[12:43] {brian3579} i was gone for a minute what happened who do i have to email and why

[12:43] {Alert} +i

[12:43] {Threei}  sheesh... that's one defensive bot

[12:43] {Threei}  look in #floor brian

[12:47] {Geo} can you imagine saty as auditors and has harvard board members

[12:48] {Geo} SAY has pwc as auditors

[12:49] {Geo} still in wynn dino

[12:49] {Geo} my stop was lod

[12:49] {dino} mygn sm l .00

[12:49] {Geo} dont know to hold or pitch

[12:49] {Geo} 200 only

[12:52] {Geo} i guess holding

06[12:53] * laserdave1 slaps magoo around a bit with a large roll of cash

[12:53] {Geo} stop to .35

06[12:54] * laserdave1 slaps Threei around a bit with a large book of Techniques of Tape Reading

06[12:54] * Threei slaps laserdave1 around a bit with a large and urgent request to read the #floor and send an e-mail with his login info

06[12:55] * magoo slaps laserdave1 around a bit with a large trout

[12:55] {magoo} oldie but goodie

[12:58] {Threei}  i2r, you here?

[12:58] {Threei}  dawg

[12:59] {Threei}  tom

[12:59] {Threei}  cosmo

[13:03] {Threei}  HIG, interested in bounce scalp if goes closer to .50

[13:07] {magoo} q bounce vads

[13:10] {Threei}  pure guess mags

[13:10] {patience} past couple of days, i'm trading right, good picks, but choking on committing to full lots or letting winners run...sigh

[13:10] {Threei}  or intuitive read on the go

[13:10] {Threei}  imp[ossible to call in time

[13:10] {dino} hnsn wearing me out, stop to .26

[13:10] {patience} which means i'm making coffee money, grumble

[13:11] {dino} iris lod

[13:14] {Threei}  last couple days or so pattern for me is, if you miss morning trades you are not likely to get much later

[13:14] {dino} patience, still not hitting fulls, but system tweaks are working muc better

[13:15] {patience} glad to hear dino and yes, vad you're right

[13:15] {magoo} diito vad

[13:16] {Threei}  all my aftrenoon attempts came out as flat at best

[13:16] {Threei}  or ate a little into orning profits

[13:16] {dino} lol, and i still lag in mornings

[13:16] {Threei}  :)

[13:16] {magoo} im going up good mornings and giving it back afternoons

[13:16] {Threei}  good thing we don't own a cat togteher dino

[13:17] {Threei}  between us and our different ways to skin a cat it would have much chance to save its fur

[13:17] {Threei}  woudln't

[13:17] {dino} wynn, deck lod

[13:17] {dino} lol

[13:18] {patience} at the rate the markets going, i wonder what will implode today

[13:18] {magoo} dino been referred too as a fat cat

[13:18] {dino} it's like king midas as i was told, every morning trade for magoo turns to gold

[13:19] {magoo} but push your luck i respond...and you end up drowning in a pond

[13:19] {Threei}  so you guys should combine your accounts, let magoo trade morning and dino - aftrenoon

[13:20] {dino} no wayyyyyyyyyyyyyyyyyy

[13:20] {dino} better plan, magoo leaves at 11:00 am, dino arrives at 11:00 am

[13:20] {Threei}  jmb, i2r, cosmo, dawg, tom

[13:21] {Threei}  [11:38] {Threei} e-mail to us,

[13:21] {Threei}  [11:38] {Threei} subject lihe: login info

[13:21] {Threei}  [11:38] {Threei} message body: your username and password

[13:21] {Threei}  [11:38] {Threei} no more text, just two words

[13:22] {Threei}  anyone took HIG for scaklp off .50?

[13:23] {Threei}  I haven't monitored it at the moment to reiterate alert

[13:23] {magoo} long Q here

[13:23] {magoo} full lot..stop .16

[13:25] {magoo} i did vad

[13:25] {Threei}  cool

[13:25] {Threei}  worked nicely

[13:26] {magoo} thats it u mean?

[13:26] {Threei}  no idea... this is scalp time for me

[13:27] {Larisa1} HIG is ranging .50-.75 for a while, nice call off support and lower range

[13:28] {KSystems} is HIG valid once more?

[13:29] {Larisa1} made triple bottom already at .50 , a bit scary for me. dunno how vad thinks 

[13:30] {KSystems} your probably right, thanks

[13:30] {Threei}  yeah, pattern kind of wears off

[13:46] {lisa_jay} .

[13:46] {magoo} lASER is so so good..just fills me out never evenb saw prints

[13:48] {Threei}  you mean you sold HIG at 20?

[13:49] {magoo} no no no

[13:49] {magoo} in another trasde...but i lay out..and i hear our gun click go off 20 cents higher than lev 2 quotes

[13:50] {Threei}  happens sometimes, especially on listed stocks

[13:51] {Threei}  nasdaq usually is more accurate in this regard

[13:51] {magoo} how'd u like that "no..no..no.."?

[13:52] {Threei}  I don't like hearing no even once, let alone three time

[13:53] {magoo} dino are we going get 2-2:30 crash..we have ceeped up

[14:04] {Threei}  VENEZUELAN ENERGY MINISTER: ADDITIONAL OPEC CUTS IN 2009 ARE NOT LIKELY

[14:04] {Threei}  yeah, cut a bit more snd you have nothing to sell

[14:08] {Threei}  market gets ethusiastic about something

[14:09] {Larisa1} I think it CNBC did  that : anticipate and buy what they buy, only do it first  {need a shot to undersand it } :)

[14:11] {Threei}  DRYS for small scalp from under .50

[14:11] {dino} yeah, anticipating really paid off well in '08 idiots

[14:12] {Threei}  is the some diffferent breeedof '09 idiots?

[14:12] {Threei}  me thinks they are the same :)

[14:13] {Threei}  US TREASURY'S KASHKARI: OBAMA ADMINISTRATION WILL REQUIRE USAGE OF FULL $700B TARP PROGRAM - Q&A

[14:13] {Threei}  see?

[14:13] {Threei}  I rest my case

[14:14] {Threei}  isn't economy funny thing when both friedman and keynes principles get applied to it at the same time

[14:17] {magoo} out DRUS .73 TY boss took .51

[14:19] {Threei}  :)

[14:21] {Threei} Long Setup:  PLD  15 break if stays above .90

[14:24] {dino} hnsn stoped -.11

[14:28] {Threei}  quite amazing recovery DRYS

[14:30] {Threei}  AUTO BAILOUT DEAL IS BLOCKING UAW FROM STRIKING AGAINS GM AND CHRYSLER - WSJ

[14:30] {Threei}  lol... can they really want to go on strike in this situation?

[14:30] {Larisa1} and demand what ?

[14:31] {KSystems} end of crisis

[14:31] {Larisa1} I am on strike then!

[14:31] {Threei}  me too

[14:31] {KSystems} no vad please

[14:31] {Larisa1} lol

[14:31] {KSystems} how shall i feed the children when your gone

[14:32] {Larisa1} no strike, vacation or sleep for vad

[14:32] {Threei}  OK... I'll just get drunk then

[14:32] {KSystems} again?

[14:32] {Threei}  wait... I need to get sober first

06[14:32] * KSystems runs

[14:35] {Threei}  REPORTEDLY A MAGNITUDE 6.2 EARTHQUAKE HAS STRUCK COSTA RICA -

[14:35] {Geo} still pld vd?

[14:36] {Geo} vad

[14:36] {Threei}  yeah

[14:36] {Threei}  DRYS isn't even noticing market anymore

[14:37] {dptl} in pld .01

[14:37] {KSystems} in PLD

[14:40] {KSystems} pld is a slow mover?

[14:41] {Threei}  varies

[14:41] {Threei}  can be very fast when it feels likel it

[14:41] {Onix} especially when you are not in it :)

[14:42] {dino} shld hod

[14:43] {Threei} Long Setup:  DRYS  .10 break

[14:44] {Threei}  if stays above 15

[14:44] {dptl} in .12

[14:45] {Threei}  PLD 1:1

[14:46] {magoo} out dlp

[14:46] {Threei}  DRYS 2 cents shy of 1:1?

[14:46] {Threei}  come on

[14:47] {Threei}  DRYS stop to .04

[14:48] {dptl} out pld ty

[14:50] {dptl} ou drys ty

[14:50] {Threei}  DRYS 1:1

[14:50] {Threei}  welcome

[14:51] {KSystems} were they meant as pure scalps?

[14:52] {Threei}  hard to tell... discretionary

[14:52] {KSystems} ok

[14:52] {jmb} thanks pld and drys

[14:53] {Geo} out thanks vad

[14:53] {Onix} ty Vad, i got some $$ in both PLD & DRYS

[14:54] {KSystems} DRYS out 1/2 .21 out rest .32

[14:54] {hawkfan4} ditto, thx

[14:54] {Threei}  beauty... welcome guys

[14:54] {Threei}  I have a suggestion

[14:54] {Threei}  let's finish the day as we started it - with a bang

[14:54] {magoo} OY

[14:54] {dino} vsec

[14:54] {Onix} great!

[14:54] {KSystems} accepted

[14:55] {Threei}  really, do we need to risk and spoil this near-perfect day?

[14:55] {Geo} smaller shares?

[14:55] {Onix} :)

[14:56] {KSystems} or double-lots geo, now we know its a perfect day

[14:56] {Geo} lol

[14:56] {dino} vsec a bit thin and spready

[14:57] {KSystems} PLD out 1/2 .11 out 1/4 .22 out rest .13

[14:57] {KSystems} thank you Vad

[14:57] {Threei}  welcome

[14:58] {Threei}  Ok guys

[14:58] {Threei}  let's have nice relaxing evening

[14:58] {Threei}  those who still haven't sent me their logins please

[14:59] {Threei}  i2r, cosmo, dawg, tom

[14:59] {Threei}  see you tomorrow!

[14:59] {Larisa1} you go, we will have last hour rally  {BIG ONE}

[14:59] {dptl} have a good evening all

[15:00] {Larisa1} bye dp

[15:00] {dino} 3i, it's 3 not 4 o'clock

06[15:00] * magoo slaps laserdave1 around a bit with a large big thank you

06[15:00] * magoo slaps Threei around a bit with a large big thank you too

[15:08] {dino} v sm risky, wide, thin, s vsce .60

[15:10] {KSystems} vsce?

[15:11] {dino} vsec

[15:11] {KSystems} sorry should have noticed

[15:11] {dino} np

[15:13] {dino} ener

[15:13] {Larisa1} cramer hyped it

[15:14] {dino} ahh

[15:14] {dino} then we should short it

[15:15] {Larisa1} I would not :) solars can be dangerous on short site next several weeks

[15:16] {dino} never know 'til you bet (jesse)

[15:16] {Larisa1} lol

[15:16] {Larisa1} you play reversals mostly dino ?

[15:16] {magoo} jesse james?

[15:16] {dino} livermore

[15:17] {dino} yes 

[15:17] {dino} seems to be my edge

[15:17] {Larisa1} most exciting plays, require courage though

[15:18] {dino} depends on how you look at things i guess

[15:19] {dino} ener should have gone more towarfds 30 strike

[15:20] {wishbone} dino...30 strike?

[15:22] {Larisa1} ENER having real hard times gaining momo again. 15% moves spirit is broken for now :)

[15:22] {dino} watch uso w/it

[15:43] {dino} options expiration next week, they start to push stocks around the 5s and0s, imo

[15:43] {dino} wish

[15:43] {wishbone} ahhh....ty dino

[15:55] {wishbone} good nite all

[15:56] {dino} gn wish

[15:59] {dino} o0ut mygn +.10

[16:00] {dino} out t -.02

[16:11] {dino} gn all

[16:16] {hawkfan4} nite all

02[16:39] * Disconnected

02[16:39] * Attempting to rejoin channel #discussions

03[16:39] * Rejoined channel #discussions

05[16:39] -Threei- [Welcome-#floor] Welcome to the RealityTrader Floor. This room is read only. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

05[16:39] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[16:39] {Threei}  me too

[16:39] {KSystems} no vad please

[16:39] {Larisa1} lol

[16:39] {KSystems} how shall i feed the children when your gone

[16:39] {Larisa1} no strike, vacation or sleep for vad

[16:39] {Threei}  OK... I'll just get drunk then

[16:39] {KSystems} again?

[16:39] {Threei}  wait... I need to get sober first

06[16:39] * KSystems runs

[16:39] {Threei}  REPORTEDLY A MAGNITUDE 6.2 EARTHQUAKE HAS STRUCK COSTA RICA -

[16:39] {Geo} still pld vd?

[16:39] {Geo} vad

[16:39] {Threei}  yeah

[16:39] {Threei}  DRYS isn't even noticing market anymore

[16:39] {dptl} in pld .01

[16:39] {KSystems} in PLD

[16:39] {KSystems} pld is a slow mover?

[16:39] {Threei}  varies

[16:39] {Threei}  can be very fast when it feels likel it

[16:39] {Onix} especially when you are not in it :)

[16:39] {dino} shld hod

[16:39] {Threei} Long Setup:  DRYS  .10 break

[16:39] {Threei}  if stays above 15

[16:39] {dptl} in .12

[16:39] {Threei}  PLD 1:1

[16:39] {magoo} out dlp

[16:39] {Threei}  DRYS 2 cents shy of 1:1?

[16:39] {Threei}  come on

[16:39] {Threei}  DRYS stop to .04

[16:39] {dptl} out pld ty

[16:39] {dptl} ou drys ty

[16:39] {Threei}  DRYS 1:1

[16:39] {Threei}  welcome

[16:39] {KSystems} were they meant as pure scalps?

[16:39] {Threei}  hard to tell... discretionary

[16:39] {KSystems} ok

[16:39] {jmb} thanks pld and drys

[16:39] {Geo} out thanks vad

[16:39] {Onix} ty Vad, i got some $$ in both PLD & DRYS

[16:39] {KSystems} DRYS out 1/2 .21 out rest .32

[16:39] {hawkfan4} ditto, thx

[16:39] {Threei}  beauty... welcome guys

[16:39] {Threei}  I have a suggestion

[16:39] {Threei}  let's finish the day as we started it - with a bang

[16:39] {magoo} OY

[16:39] {dino} vsec

[16:39] {Onix} great!

[16:39] {KSystems} accepted

[16:39] {Threei}  really, do we need to risk and spoil this near-perfect day?

[16:39] {Geo} smaller shares?

[16:39] {Onix} :)

[16:39] {KSystems} or double-lots geo, now we know its a perfect day

[16:39] {Geo} lol

[16:39] {dino} vsec a bit thin and spready

[16:39] {KSystems} PLD out 1/2 .11 out 1/4 .22 out rest .13

[16:39] {KSystems} thank you Vad

[16:39] {Threei}  welcome

[16:39] {Threei}  Ok guys

[16:39] {Threei}  let's have nice relaxing evening

[16:39] {Threei}  those who still haven't sent me their logins please

[16:39] {Threei}  i2r, cosmo, dawg, tom

[16:39] {Threei}  see you tomorrow!

[16:39] {Larisa1} you go, we will have last hour rally  {BIG ONE}

[16:39] {dptl} have a good evening all

[16:39] {Larisa1} bye dp

[16:39] {dino} 3i, it's 3 not 4 o'clock

06[16:39] * magoo slaps laserdave1 around a bit with a large big thank you

06[16:39] * magoo slaps Threei around a bit with a large big thank you too

[16:39] {dino} v sm risky, wide, thin, s vsce .60

[16:39] {KSystems} vsce?

[16:39] {dino} vsec

[16:39] {KSystems} sorry should have noticed

[16:39] {dino} np

[16:39] {dino} ener

[16:39] {Larisa1} cramer hyped it

[16:39] {dino} ahh

[16:39] {dino} then we should short it

[16:39] {Larisa1} I would not :) solars can be dangerous on short site next several weeks

[16:39] {dino} never know 'til you bet (jesse)

[16:39] {Larisa1} lol

[16:39] {Larisa1} you play reversals mostly dino ?

[16:39] {magoo} jesse james?

[16:39] {dino} livermore

[16:39] {dino} yes 

[16:39] {dino} seems to be my edge

[16:39] {Larisa1} most exciting plays, require courage though

[16:39] {dino} depends on how you look at things i guess

[16:39] {dino} ener should have gone more towarfds 30 strike

[16:39] {wishbone} dino...30 strike?

[16:39] {Larisa1} ENER having real hard times gaining momo again. 15% moves spirit is broken for now :)

[16:39] {dino} watch uso w/it

[16:39] {dino} options expiration next week, they start to push stocks around the 5s and0s, imo

[16:39] {dino} wish

[16:39] {wishbone} ahhh....ty dino

[16:39] {wishbone} good nite all

[16:39] {dino} gn wish

[16:39] {dino} o0ut mygn +.10

[16:39] {dino} out t -.02

[16:39] {dino} gn all

[16:39] {hawkfan4} nite all

Jan 07 2009

 Very strong start of the day with DRYS and OCNF trades, couple decent scalps later on. The action got iffy and we cut down on activity going into profit preservation mode.

Session Time: Wed Jan 07 00:00:00 2009

[08:10] {lisa_jay} Good morning everyone.

[08:11] {patience} good morning  :)

[08:11] {Threei}  Good morning

[08:15] {i2romantis} morning all :)

[08:15] {Threei}  *DEC ADP EMPLOYMENT CHANGE: -693K V -495KE

[08:15] {Threei}  itr :)

[08:26] {Threei}  nasty numbers... and market didn't shrug them off so far

[08:35] {Onix} Good morning all

[08:36] {Threei}  onix :)

[08:37] {Larisa1} good morning :)

[08:37] {Threei}  Larisa :)

[08:38] {Larisa1} threei :)

[08:38] {Threei}  in some perversed way I am glad to see DRYS gapping down

[08:38] {Threei}  it was somewhat painful to see it gapping up day after day, and never taking it overnight

[08:39] {Onix} gi Larisa

[08:39] {Onix} i mean Hi

[08:39] {Onix} fingers still asleep

[08:40] {Larisa1} morning onix :)  

[08:48] {cosmo} FFIV

[08:48] {Threei}  cosmo :)

[08:48] {cosmo} # F5 Shares Up Despite Lowered Estimatesat TheStreet.com(Tue 5:54pm)

[08:49] {cosmo} 3i:)

[08:56] {Threei}  poor SAY

[08:56] {Threei}  I mean poor SAY holders

[08:56] {patience} poor investors

[09:00] {Threei}  INTC cuts forecast

[09:02] {Threei}  CUTS FORECAST, Q4 REV AT $8.2B V $8.74BE

[09:02] {Threei}  - Q4 gross margins at low end of estimates at 55% +/- 'a couple points'

[09:02] {KSystems} Good morning !!

[09:03] {Threei}  ks :)

[09:06] {ese} morning.....hmmmmmm intel cuts ehhhh.......gonna be a down day per chance

[09:06] {Threei}  ese :)

[09:07] {Onix} hi ks; ese

[09:08] {ese} onix morning....

[09:08] {geo} good morning speculators

[09:09] {ese} gggggeeeeeooooo

[09:09] {Threei}  geo :)

[09:09] {Onix} hi geo

[09:10] {ese} you realise geo that you have a stock named after you....GEO "The GEO Group"

[09:10] {geo} except they dont pay me dividends

[09:10] {ese} inc.   no less

[09:11] {ese} 19 bucks a share and up .03 so far this morning

[09:11] {wishbone} good morning

[09:12] {ese} the daily chart looks good on it too....maybe you can will the stock price up

[09:12] {ese} wishbone....

[09:12] {wishbone} hi ese

[09:12] {hawkfan4} morning all

[09:12] {Threei}  wish, hawk :)

[09:13] {Onix} hi wish; hawk

[09:13] {hawkfan4} Onix :)

[09:15] {tomg} good morning

[09:15] {Threei}  tom :)

[09:16] {wishbone} hey onix

[09:17] {Onix} hi tom

[09:19] {magoo} morn, iced in here bad

[09:20] {Threei}  magoo :)

[09:22] {Onix} hi magoo

[09:22] {magoo} holy moly SAY???

[09:22] {ese} morning mags....

[09:22] {ese} where are you again mags?

[09:22] {ese} philly area?

[09:23] {magoo} north east pa

[09:25] {magoo} news SAY vad??

[09:26] {Larisa1} Indian ENRON

[09:26] {geo} lol Larisa

[09:26] {geo} but true

[09:26] {hawkfan4} CEO resigned, basically admitted that the whole company was a scam

[09:28] {wishbone} founder and chairman of Satyam : "I am now prepared to subject myself to the laws of the land and face consequences thereof,"

[09:28] {geo} sure

[09:28] {wishbone} ....laws of the land..

[09:29] {Threei}  yeah, accounting scandal

[09:29] {Threei}  overstating earnings etc

[09:29] {wishbone} part of india's Sensex index and dropped 7+% as a result of this

[09:29] {geo} he started off as a smalltime politicaly connected fixer

[09:30] {cosmo} plastic surgery is still an option....

[09:30] {Threei}  RUSSIAN PM SPOKEMEN: DECISION TO CUT GAS TO EUROPE WAS MADE IN UKRAINE

[09:30] {Threei}  - Their is a danger of reaching a point where it is impossible to stop a 'irreversible process'

[09:30] {Threei}  DRYS sharp drop

[09:30] {geo} like kenny boy?

[09:30] {wishbone} kenny boy?

[09:31] {geo} kenneth lay ceo of enron... that was his nickname given to him by Bush

[09:31] {wishbone} oh..lol

[09:33] {geo} OXY tanking

[09:33] {Threei} Long Setup:  DRYS  .92 if stays above .75 half lot

[09:34] {Threei}  feel free to take profit

[09:34] {magoo} in out TY

[09:34] {Threei}  out .25

[09:34] {magoo} out .20

[09:34] {tomg} thanks vad

[09:34] {Threei}  welcome

[09:34] {magoo} WOW 

[09:34] {lisa_jay} Thanks Vad.

[09:34] {magoo} less than 30 seconds

[09:34] {Threei}  :)

[09:35] {magoo} RETURN OF THE KING

[09:35] {Threei}  not that I claim that title, but have I ever gone anywhere?

[09:35] {magoo} oh oh..hes cranky

[09:35] {magoo} thats a compliment

[09:36] {Threei}  ain't I always?

[09:36] {Threei}  :)

[09:36] {geo} MON

[09:37] {Threei}  IRAQI SHIITE CLERIC AL-SADR URGES ACTIONS AGAINST US AS REPONSE TO ISRAELI ACTIONS IN GAZA

[09:38] {Threei} Long Setup:  OCNF  4.50

[09:38] {Threei}  stop under .40

[09:39] {Threei}  half out above .60

[09:40] {Threei}  offer second half .75 or so

[09:40] {Threei}  stop to under .70

[09:40] {Threei}  out in full

[09:40] {lisa_jay} beautiful.

[09:41] {Onix} ty Vad got some in both drys & ocnf

[09:41] {geo} thanks vad

[09:41] {Threei}  can I go home?

[09:41] {geo} nope

[09:41] {geo} i need thos bling rims on my car

[09:41] {magoo} nope..i missed that one..phone call

[09:42] {tomg} ty vad

[09:42] {geo} drys reloading?

[09:42] {Threei}  remember hawaiian rule #6 geo

[09:42] {Threei}  He who dies with the most toys - still dies

[09:42] {wishbone} ocnf +32 ty vad

[09:42] {Threei}  :)

[09:42] {KSystems} OCNF out 1/2 .60 out 1/4 .70 out rest .71

[09:42] {geo} but he dies happy

[09:42] {KSystems} thank you!!

[09:42] {Threei}  not sure about DRYS here

[09:42] {Threei}  lol geo, true

[09:43] {ese} dino ....opinion....TSCO

[09:44] {ese} dinos not even here....

[09:44] {geo} wow mon

[09:49] {peterg} morning group

[09:50] {Threei}  peter :)

[09:50] {Onix} hi peter

[09:50] {peterg} now we have on #floor All Vad All the Time!!

[09:50] {peterg} Onix

[09:52] {ese} L FFIV .23

[09:52] {ese} pullback

[09:52] {Threei} Long Setup:  DRYS  .75 if stays above .60, half lot

[09:55] {Threei}  stop to under .65

[09:55] {ese} stop to break even .23 FFIV

[09:56] {Threei}  out DRYS

[09:56] {dino} gm all, running late, dentist

[09:57] {ese} FFIV at 3 day high Vad....should go a bit

[09:57] {Threei}  dino :)

[09:57] {KSystems} gotta run to buy a power supply ;) be back in a few

[09:57] {Threei}  I like the look of it ese

[09:58] {geo} cal strong

[09:58] {ese} Out FFIV .53 +.30 lot and a half

[09:59] {Threei}  nice

[09:59] {ese} nice day ....in spite of the rain

[09:59] {patience} gj ese

[09:59] {Onix} gj!

[09:59] {wishbone} nnice ese

[09:59] {ese} ts

[10:00] {ese} tks...that is

[10:00] {peterg} tks is at 8.32

[10:00] {Threei}  RACK

[10:00] {Threei}  HEARING CANACCORD MAKING POSITIVE COMMENTS; REITERATES BUY RATING (TIMING UNCERTAIN)

[10:01] {dino} tsco es, i like it long somewhere

[10:02] {dino} good spot imo

[10:03] {Threei}  MON

[10:03] {Threei}  BOFA/MERRILL LYNCH MAINTAINS BUY RATING, PRICE TARGET $115

[10:03] {Threei}  uh oh

[10:05] {Threei} Long Setup:  SQNM  above .80, half lot

[10:05] {Threei}  stop under .60

[10:05] {Threei}  risky one, volatilie

[10:05] {Threei}  I'd prefer pullback on it

[10:05] {Threei}  but it doesn't want to so far

[10:07] {Threei}  take scalp

[10:08] {Threei}  thing can drop in a blink of ey

[10:08] {Threei}  out .97

[10:08] {peterg} got .05 on best execution; .01 on one

[10:08] {peterg} good exit

[10:08] {Onix} me too ty Vad

[10:08] {geo} out .95

[10:08] {Threei}  solidly over 1:1, no excuses to lose on it

[10:12] {magoo} MON short somewhere vad?

[10:13] {Threei}  well, considering who upgraded it... {G}

[10:13] {Threei}  we saw how their downgrade worked yesterday, lol

[10:13] {Threei}  don't know mags, tough read

[10:18] {dino} fwiw 8760 dji '09 low

[10:19] {ese} tks dino.....important

[10:21] {dino} 8364 prior week

[10:21] {ese} dino TSCO opinions

[10:21] {dino} watching algt, lndc, tsco cpla

[10:25] {ese} L SQNM .76

[10:25] {ese} risky should have waited for next higher low

[10:25] {ese} or QQQ to conlfirm

[10:26] {Threei}  I would have played it differently a bit ese... rfemind me when you close it, I'll show how

[10:26] {ese} OK.....am also not liking the spread......i might be outta here soon

[10:27] {ese} my wife got her .02 in.....says they've develped an important procedure not invasive thing

[10:27] {ese} for trisomy 21 in first trimester of pregnancy

[10:28] {peterg} and it will leap tall buildings at a single bound

[10:28] {peterg} and hunger will end

[10:28] {ese} yes

[10:28] {peterg} load me up!

[10:29] {ese} will pick up a couple of viles and send em over

[10:29] {peterg} am I vile?

[10:29] {ese} hmmmm nice jump in price

[10:29] {peterg} true

[10:30] {ese} see...should have waited for that higher low

[10:30] {dino} tsco waiting 32.60s

[10:30] {dino} 31.60s

[10:30] {ese} give me 24....thats all i want

[10:32] {Threei}  *DOE CRUDE: +6.67M V +1ME; GASOLINE:+3.3M V +750KE; DISTILLATES: +1.8M V +1ME;

[10:32] {ese} ahhhhhhh haaaaaaa.....i can read dinos mind ..........

[10:32] {Threei}  ugh

[10:33] {Threei}  felt strongly about DRYS bounce from under 14... didn't want to overplay it so refrained from call

[10:35] {ese} come on Q's........

[10:38] {magoo} Q read vad??

[10:38] {Threei}  up

[10:39] {geo} CAL

[10:40] {dino} mygn sm l .65

[10:40] {dino} -4 yesterday

[10:40] {ese} out SQNM .97 +.21  

[10:40] {geo} its funny.... transports up all day oil companies getting hit...... and the inventories are announced later

[10:40] {dino} tsco waiting 32.20

[10:41] {Threei}  wtg ese

[10:41] {Threei}  now when you have time to look around,

[10:41] {Threei}  1 min chart on SQNM

[10:41] {ese} tks.......should have played that a litle smarter though.....got lucky a little

[10:41] {Threei}  look at these two bars:

[10:42] {Threei}  10:18 and 10:21

[10:42] {Threei}  both bottom out at 23.47,

[10:42] {Threei}  but first one does so outside of BBs

[10:42] {Threei}  while second one is inside.

[10:42] {Threei}  This is often a very powerful double bottom signal

[10:43] {ese} yes 

[10:43] {ese} gotcha

[10:43] {Threei}  and with aggressive entry around .50 offers a very tight stop

[10:43] {magoo} interesting vad

[10:43] {ese} yes

[10:43] {ese} tks vad

06[10:44] * Threei slaps magoo around a bit with a large scalping course

[10:44] {Threei}  there is a video on double bottom that shows exactly this

[10:44] {geo} what wee the setting..... never mind

[10:44] {ese} what is it?

[10:45] {dino} itri -5 in 2 days

[10:45] {ese} whats that video vad?

[10:45] {Threei}  one of videos in scalping videocourse

[10:45] {Threei}  wait... I think it's among free samples on the webpage

[10:46] {geo} WFC exihibited  the same vad

[10:46] {Threei}  yup

[10:46] {Threei}  http://www.realitytrader.com/video/doublebottom.html

[10:46] {Threei}  all samples are at http://www.realitytrader.com/video/

[10:46] {ese} forget that....I'lll just buy the video

[10:47] {magoo} of what/what are you talking about again??

[10:48] {magoo} the Q's up?

[10:48] {Threei}  IMO, yes... torturously though

[10:48] {ese} dino are you Long TSCO

[10:48] {Threei}  not that happy bubbling upward march we came to love so much

[10:49] {ese} no matter....missed it anyway

[10:51] {dino} not yet es, waiting for pullbacl to .25-.40 range

[10:51] {dino} watching lufk, waiting at 35.60, may adjust

[10:52] {dino} still have mygn

[10:53] {dino} cx lufk

[10:55] {magoo} tech hammered today

[10:55] {magoo} intc

[10:55] {magoo} cause

[10:55] {magoo} hard for naz to bounce

[11:02] {geo} .

[11:03] {dino} out mygn .10, +.45

[11:03] {hawkfan4} nice dino

[11:04] {Onix} great dino!

[11:04] {dino} thx

[11:05] {dino} itri sm l .00

[11:08] {geo} intc filling gap?

[11:09] {dino} from today? no

[11:09] {dino} opps thought you said itri

[11:11] {Threei}  see this market move?

[11:12] {Threei}  generally up, but groaning and moaning

[11:12] {Threei}  just as forecasted

[11:12] {geo} rode WFC up on small shares.. painfull

[11:12] {dino} amag

[11:13] {Threei}  SAY

[11:13] {Threei}  NYSE NOTES COMPANY UNDER REVIEW, HALT WILL REMAIN UNTIL FURTHER NOTICE

[11:13] {dino} deck bllod

[11:27] {dino} itri stop to .65

[11:29] {dino} to .80

[11:32] {magoo} look at RIMM vad

[11:32] {dino} out itri .85, +.85

[11:33] {Threei}  hard to play it with no leading indicator mags

[11:33] {Onix} most excellent

[11:33] {Threei}  it's alone up there

[11:33] {dino} ty

[11:38] {dino} rotation game, bio's killed yesterday and popping today

[11:39] {Threei}  something's driving RIMM

[11:41] {dino} mygn pullback

[11:43] {Threei} Long Setup:  RIMM  47.10

[11:43] {Threei}  if stays above .95

[11:44] {magoo} in bvad

[11:44] {Threei}  BVAD - no symbol found

[11:44] {Threei}  over 1:1, half out

[11:45] {Threei}  offer balance above .40

[11:46] {Threei}  out .45

[11:46] {magoo} out here .56 TY

[11:46] {dino} watching deck for l

[11:47] {Threei}  mags :)

[11:48] {Threei}  anyone else took it?

[11:49] {wishbone} no...i suck!

[11:49] {wishbone} :)

[11:49] {dino} people suck; don't make it personal

[11:49] {wishbone} lol

[11:49] {Threei}  lol

[11:52] {dino} deck, pcln pullbacks

[11:52] {Threei}  btw magoo, dino... stumbled yesterday of anothger powerful flick, long standing favorite of mine, thought I'd mention

[11:53] {Threei}  Fallen with Densel Washington

[11:53] {magoo} oh, never saw it

[11:54] {Threei}  really?

[11:54] {Threei}  you will love it

[11:54] {Threei}  (judging from the fact you like Storm of the Century)

[11:54] {dino} nope

[11:54] {wishbone} my mom loves Densel

[11:54] {wishbone} lol

[11:56] {magoo} breifly, whats it about?

[11:56] {Threei}  no way I'd do that to you

[11:57] {Threei}  watch it, you'll love it

[11:57] {Threei}  would you want someone to tell you what was it Lenoge wanted in order top go away?

[11:57] {dino} no

[11:58] {Threei}  there you go

[11:58] {Threei}  just one hin, so you don't have to watch it twice

[11:58] {Threei}  pay attention to narration at the very beginning

[11:58] {Threei}  and recall it it at the very end

[11:59] {Threei}  now... nothing I'd love more than RIMM sharp dive into 47

[11:59] {geo} seen it... reallly good

[12:00] {magoo} in storm..what was significance of word "croaton"?

[12:01] {Threei}  what is it, movie trivia? :)

[12:01] {Threei}  watch that RIMM

[12:01] {Threei}  panic is coming

[12:01] {geo} adbe salmon

[12:02] {Threei}  looks nice geo

[12:02] {Threei}  get ready RIMM

[12:02] {Threei}  don't jump in too soon

[12:03] {Threei}  want it as close to 47 as possible

[12:03] {geo} umm long right?

[12:03] {Threei}  and willing to miss it rather than be in too soon

06[12:04] * Threei slaps laserdave1 around a bit with a large can't decide what

[12:05] {Larisa1} furst pullback of the day, a bit too optimistic to wait for 47 ? 

[12:05] {dino} pcln sm l .66

[12:06] {Threei}  maybe... see, the thing is,

[12:07] {Threei}  otherwise I simply don't feel safe enough for entry

[12:07] {Threei}  so if no deep pullback I'll simply miss it

[12:07] {Threei}  not a big deal, there are thousands of movements every day that I miss

[12:07] {Onix} lol

[12:08] {dino} deck sm l .00 wide risky

[12:13] {lisa_jay} .

[12:16] {Threei}  nice ADBE

[12:17] {Threei}  the more I look at RIMM the more I think 47 won't be it... lower

[12:30] {dino} es, amag

[12:31] {dino} sm l .09

[12:36] {i2romantis} vad, how about DRYS, waiting for confirmation of support break?

[12:36] {Threei}  I don't see ay play on it at the moment

[12:37] {i2romantis} k ty

[12:37] {Threei}  RIMM rejected my wish

[12:38] {Onix} sniff

[12:38] {Threei}  breakout scalp maybe

[12:38] {Threei}  discretionary

[12:41] {Threei}  if you went for it keep stop under .90 and aim to partial or scalp above .20

[12:42] {Threei}  YHOO neverending saga

[12:42] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER OF A POTENTIAL NEW TAKEOVER OFFER

[12:42] {Threei}  - Chatter concerns investment group backed by Microsoft could make a bid for YHOO with 20% premium, according to TechCrunch.com.{MSFT}

[12:42] {Threei}  {--- crying

[12:42] {Onix} rflol

[12:44] {dino} amag stopped .74-.35

[12:45] {ese} it's been real....se you all tomorrow.

[12:45] {Threei}  take care ese

[12:46] {dino} he's fast

[12:59] {Larisa1} RIMM is selling  with market

[12:59] {Threei}  yup, getting interesting

[13:09] {dino} out deck .63, +.63

[13:10] {dino} too soon

[13:10] {Onix} well done dino

[13:11] {dino} ty

[13:20] {dino} eqix

[13:21] {Threei}  yawn ©

[13:22] {dino} what!?

[13:24] {dino} eqix sm l .90, stop .62

[13:40] {lisa_jay} .

[13:44] {dino} lod

[13:45] {Threei}  just 15 years 4 month and 3 days after the call for 47, RIMM finally got there

[13:45] {dino} pcln stopped +.09, .75

[13:46] {Onix} lol

[13:46] {Threei}  (we day traders have our own time count, you know)

[13:47] {Onix} twilight zone?

[13:48] {dino} watching pcln for re-load, deck, cpla

[13:48] {dino} mvco

[13:50] {dino} twilight book series

[13:50] {dino} eqix stopped -.30

[14:02] {dino} fwiw watching; eqix, mvco, pcln, deck, celg, cpla

[14:17] {dino} sm l itri .46

[14:20] {dino} too soon

[14:21] {dino} deck interesting

[14:21] {dino} eqix too

[14:22] {dino} missed deck

[14:27] {dino} eqix sm l .95 risky

[14:30] {Threei}  OK, RIMM is almost ready... want it to pull back once again, make higher low and break .75

[14:30] {Threei}  her is pullback

[14:31] {Threei}  stop under .60 is trigers from here

[14:33] {Threei}  no go

[14:33] {Threei}  REPORTEDLY MICROSOFT CLAIMS IT IS NOT INVOLVED IN ANY EFFORTS TO FINANCE A NEW BID FOR YHOO

[14:33] {Threei}  {MSFT}

[14:36] {magoo} look at Q chart..this mkt has yet to bounce

[14:38] {dino} 8960, 01/02/09 low holds so far

[14:38] {dino} 1208 ndx, 930 s&p

[14:38] {dino} 899 s/p

[14:39] {wishbone} what is ticker for s&p500 in laser? anyone!

[14:40] {dino} $spx 

[14:40] {Threei}  slash sp9h

[14:40] {wishbone} ty

[14:44] {Threei}  shakeout RIMM

[14:46] {magoo} vad, gut feel..can Q bounce?

[14:46] {Larisa1} today if possible ? :)

[14:47] {Threei}  sure

[14:47] {Threei}  and most likely will

[14:47] {Threei}  not sujre ultimate bottom is in but we should see nice bounce

[14:48] {magoo} is there another play on RIMM"?

[14:48] {Threei}  pullback into .70 area

[14:58] {magoo} just grabbed .76

[14:58] {Threei}  market is not strenghtening yet

[14:59] {magoo} need the Q to power up

[15:02] {Threei}  DRYS, watch for sharp selloff

[15:06] {Threei}  one more leg DRYS, please

[15:09] {wishbone} .

[15:09] {Threei}  .20 was it... I sensed .10 was coming

[15:10] {dino}   8664 12/31

[15:20] {Chaeron} Hi all... jsut got in... grab DRYS short? :)

[15:20] {Threei}  in DRYS

[15:20] {Threei}  stop under .15

[15:21] {Threei}  can take a few tries

[15:21] {Threei}  hey Chaeron

[15:22] {Threei}  half out .31

[15:23] {Threei}  stop to .19

[15:23] {Threei}  out

[15:23] {Threei}  ugh, nice tail to enter but no time

[15:23] {Threei}  teleported

[15:24] {Threei}  anyone did the trade from .20?

[15:24] {magoo} nope

[15:24] {jmb} thanks vad

[15:24] {Threei}  :)

[15:25] {dino} deck sm l .45 stop lod

[15:28] {magoo} bumped

[15:28] {Threei}  {--- crying

[15:28] {Threei}  what with frigin hamsters feeding

[15:29] {dino} have to switch to sled dogs

[15:30] {Threei}  investigatingthis possibility

[15:30] {Threei}  turns out it's not that simple

[15:30] {Threei}  not without us changing software to connect to the room possibly... losing some features possibly

[15:31] {dino} more food too

[15:31] {Threei}  lol

[15:31] {magoo} drys now vad?

[15:31] {Threei}  not really

[15:31] {dino} ok any time now for the bounce

[15:31] {Threei}  casn't tell mags, it's jumping up and down

[15:31] {magoo} so am i

[15:32] {Threei}  looks like it's best played on teleportation setup

[15:34] {magoo} RIMM vad?

[15:34] {Threei}  on poullback into .50, maybe

[15:34] {Threei}  here, too flaky

[15:37] {Larisa1} Chaeron is shorting heck out of DRYS :)

[15:37] {dino} crxl

[15:38] {dino} news

[15:38] {Chaeron} someone pays attention to my posts

[15:38] {Threei}  WYE IN TALKS TO ACQUIRE THE COMPANY - WSJ

[15:38] {Larisa1} half  dollar spread

[15:42] {dino} cyber said "no" to my short

[15:42] {dino} at 21.80

[15:46] {Threei}  hatled

[15:47] {magoo} i short 

[15:48] {Threei}  CRXL??

[15:48] {dino} we're not getting the dec. 3:40 80-100 pt bounces in jan.

[15:48] {magoo} yeah

[15:48] {magoo} that pisses me off

[15:48] {Threei}  what price?

[15:48] {magoo} this bullshit of halts

[15:49] {dino} wynn blood

[15:50] {wishbone} wynn

[15:50] {wishbone} oops

[15:51] {magoo} 19.35 vad

[15:51] {magoo} im f'ed

[15:52] {Threei}  you'll know when news is published

[15:53] {Threei}  WYE IN TALKS TO ACQUIRE THE COMPANY IN A DEAL THAT COULD VALUE CRXL AT OVER $1.35B - WSJ CITING SOURCES

[15:53] {Threei}  - Note: This morning the WYE CEO on a conf call mentioned that their cash position put company in a strong position to make biotech acquisitions

[15:54] {Threei}  gotta find shares outstanding to see how much per share it is...

[15:54] {magoo} im dead

[15:56] {dino} out deck .85, 

[15:56] {dino} +.40

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a good evening, see you tomorrow

[15:59] {Larisa1} see you tomorrow

[15:59] {dino} out eqix .00, +.05

[16:11] {dino} thx all, best day of year for me

[16:12] {dino} another great cramer call, isrg all last month buy buy buy, -23 right now

Jan 06 2009

The market acted somewhat nervously today but still presented enough of opportunities. We got nice wins on RIMM, AMZN, PLD, HIG... and a few stops, weel controlled and tight enough not to make any difference to what shaped up as a very good day.

[08:01] {magoo} morning

[08:02] {Threei}  Good morning

[08:12] {Threei}  look at DRYS

[08:12] {magoo} isa there a play premkt'

[08:13] {Threei}  who knows... it has this manner to make a sizeable move before open but in terms of technical read, no

[08:13] {Threei}  it's above yesterday's high

[08:14] {Threei}  which can be considered a breakout

[08:15] {Threei}  already moved about 70 cents...

[08:16] {Threei}  will it pull back or just continue, no way to tell

[08:16] {Threei}  08:13am Dry Bulk Index +0.4% (first gain in 8 sessions

[08:26] {i2romantis} morning guys :)

[08:27] {Threei}  i2r :)

[08:28] {Threei}  how are you enjoying the courses?

[08:28] {i2romantis} really enjoying :)

[08:28] {i2romantis} went through scalping yesterday

[08:28] {Threei}  good to hear

[08:29] {i2romantis} I can't believe how great this stuff is

[08:29] {Threei}  whole thing??

[08:29] {Threei}  4 videodisks in one day??

[08:29] {Threei}  man

[08:29] {i2romantis} and I love the idea of the videos

[08:29] {i2romantis} almost, have a few pages left for scalping and one more CD

[08:29] {i2romantis} 3 so far :)

[08:29] {Threei}  yeah, I can't believe whole trading world doesn't rush to buy it {G}

[08:29] {i2romantis} just can't get yourself away from the computer, it's well explained

[08:29] {i2romantis} I've been waiting for this kind of explanation for years!

[08:29] {Threei}  I mean, where else do you find real trades recorded

[08:30] {i2romantis} exactly

[08:30] {Threei}  one after another, day after day

[08:30] {i2romantis} I think it should be advertised on facebook, with facebook group for reality trader

[08:30] {i2romantis} that would get an influx of buyers :)

[08:31] {i2romantis} But I sincerely appreciate what you've done so far, it's very helpful!

[08:31] {Threei}  ty, good to hear

[08:31] {i2romantis} ps: i just received the course stuff yesterday

[08:31] {Threei}  I wonder why not so many, or to be precise none, of "gurus" ever did that

[08:32] {Threei}  seems to be so obviious,

[08:32] {Threei}  if sitting next to a trader who knows what he is doing is the best way to learn

[08:32] {i2romantis} I agree, but a lot of them keep the "secret" so to speak, to themselves or something like that

[08:32] {i2romantis} i agree

[08:32] {Threei}  then this kind of course must be next best thing

[08:32] {i2romantis} yep

[08:32] {Threei}  granted, it's a tiresome process

[08:33] {i2romantis} the learning?

[08:33] {Threei}  and my memories of making it is a mix of joy and grunt

[08:33] {Threei}  no

[08:33] {Threei}  recording the plays

[08:33] {i2romantis} oh ok

[08:33] {Threei}  see, the problem is

[08:33] {Threei}  when a trade starts

[08:33] {Threei}  you never know whether it's going to be useful from educational point of view or not

[08:33] {Threei}  so you record much more than you use in final product

[08:34] {i2romantis} makes sense

[08:34] {Threei}  also, you can't record everything

[08:34] {Threei}  meaning, trades sometimes take much longer than expected

[08:34] {Threei}  if a stock doesn't do anything meanignful for an hour

[08:35] {Threei}  you won't be making your viewer to sit and watch it doing nothing for an hour, right?

[08:35] {i2romantis} yep

[08:35] {Threei}  you are going to skip this part,

[08:35] {Threei}  record couple minutes of with comment that it sat here for an hour

[08:35] {Threei}  but it's not possible to completely switch this process to editing

[08:36] {Threei}  first, some other play may come along meanwhile, and you want to record that

[08:36] {Threei}  and second, recording software is fairly heavy thing which slows down computer considerably

[08:36] {i2romantis} but that's in the end what's great about this, you are recording real sessions

[08:36] {Threei}  so, you have added element of pausing it and taking it off pause

[08:37] {i2romantis} of course editing is quite a bit of work, it's understood

[08:37] {Threei}  which can be very distracting

[08:37] {i2romantis} yep

[08:37] {Threei}  during real trading

[08:37] {Threei}  but whatever, it was great fun and the final result is absolutely unique course

[08:37] {i2romantis} i agree :)

[08:37] {Threei}  of which I am proud

[08:37] {i2romantis} and i'm glad you did it

[08:37] {Threei}  me too

[08:38] {Threei}  I like being p;ioneer

[08:38] {i2romantis} :)

[08:38] {i2romantis} have to step out, be right back

[08:49] {Onix} Good morning all

[08:49] {Threei}  onix :)

[08:51] {magoo} RTP newqs vad?

[08:52] {Threei}  01/05/09 07:15pm [RIO.AU] Has resumed iron ore mining operations in Pilbara region

[08:56] {Threei}  mags, if you grabbed DRYS, sell half at least here

[08:56] {hawkfan4} gm all

[08:56] {Threei}  hawk :)

[08:56] {ese} Harrrr  Maties.....

[08:57] {Threei}  ese :)

[08:57] {Threei}  watched some pirate movie yesterday?

[08:57] {ese} yup....

[08:57] {Threei}  parrot on my shoulder says Ahoy mate! while I readjust my wooden leg

[08:57] {ese} the kids got Pirates of The Caribean 

[08:59] {ese} vad.....whats dino's scan parameters for his DBI and JBI screens...do you know

[08:59] {dino} gm all

[08:59] {Threei}  he found and destroyed cameras I installed in his opffice... sorry

[09:00] {Threei}  dino :)

[09:00] {i2romantis} dino:)

[09:00] {dino} :)

[09:01] {Onix} hi dino

[09:01] {ese} dino......did you see my previous question.....I know it's 2 + or - but what else .....if you don't mind me asking

[09:03] {dino} ok es, here is the well guarded secret ...keep it simple.

[09:03] {wishbone} good morning

[09:04] {Threei}  wish :)

[09:04] {Onix} hi wish

[09:04] {dino} .06 jumps on scanner either up or down (cuts out noise), then look for multiples of them for spikes/capits.

[09:04] {Onix} hi hawk

[09:05] {dino} also, top 10 dji %gainers/losers and top 10 naz % gainers & losers.

[09:05] {wishbone} hi onix

[09:05] {dino} now you know it all

[09:05] {Threei}  little morning entertainment... e-mail overnight from one of readers of our trading log, essentially saying:

[09:05] {Threei}  I thought you guys run professional trading room,

[09:06] {Threei}  and I see so many jokes, how can you maintain focus... I am disapointed

[09:06] {dino} and then throw your bids/asks out a bit further than your mind thinks it could go for entries

[09:06] {geo} gm all

[09:06] {Threei}  geo :)

[09:07] {ese} tks dino.....

[09:07] {dino} "expect to lose" and move on to next trade

[09:07] {Threei}  I answered: if you don't enjoy the process, can you really count on a good result?

[09:07] {ese} am gonna try and reconfig DBI or JBI

[09:07] {Threei}  what's with taking themselves so seriously, sheesh

[09:07] {dino} in the end my "system" is simply a probabilities game

[09:07] {Threei}  "whistle while you work" comes to mind

[09:08] {Onix} :)

[09:09] {Threei}  and if light mood, enjoying trading and keeping some irony and self-irony about whole thing is a sin, I am guilty as charged

[09:09] {dino} aldn?

[09:09] {Threei}  who wants trading to be constipation... free to do so but I am not joining in

[09:10] {Threei}  don't see any news dino

[09:10] {dino} thx

[09:10] {dino} i am searching

[09:10] {dptl} good morning all

[09:11] {dawg} gm all

[09:11] {Onix} hi dp

[09:11] {dptl} :)

[09:11] {Threei}  dp :)

[09:11] {KSystems} Good morning :)

[09:12] {Threei}  ks :)

[09:12] {patience} good morning RT   :)

[09:13] {Threei}  patience :)

[09:14] {Onix} hi ks; patience

[09:19] {peterg} morning all

[09:19] {i2romantis} vad, does laser platform allow trading only on nasdaq or also nyse, tsx etc?

[09:20] {Threei}  NYSE, AMEX,

[09:20] {Threei}  TSX was introduced a while ago

[09:20] {Threei}  but I never looked

[09:21] {Threei}  peter :)

[09:21] {Onix} hi peter

[09:21] {Threei}  TSX wants much more for datafeed than US exchanges

[09:25] {ese} man DRYS up again....

[09:25] {peterg} the serious side of trading: traders as a group of nuclear scientists grimly staring at the bubbling mass that might explode any minute.....

[09:26] {peterg} Don't forget white coats

[09:26] {geo} bubbling mass

[09:27] {geo} sounds like my wife's cooking

[09:27] {peterg} lol

[09:27] {Onix} lol

[09:28] {Threei}  man, you guys can't be serious

[09:28] {geo} pun intended vad?

[09:29] {Threei}  I mean can't stay serious for one minute

[09:29] {geo} we only have one min before bell

[09:29] {peterg} And why should we?

[09:29] {geo} then we put game faces on

[09:29] {peterg} grim faces

[09:29] {Threei}  yes please

[09:30] * Threei stares at DRYS wth grim face

[09:30] {Threei}  watching for 15 break

[09:30] {Threei}  second break is long if stays above .90

[09:31] {Threei}  invalidated for now

[09:32] {Threei}  pullback is idea now

[09:32] {Threei}  closer to .60

[09:33] {peterg} RIMM

[09:33] {Threei}  not clear here

[09:33] {Threei}  DRYS that was

[09:33] {peterg} do you feel lucky?

[09:34] {peterg} ans: not that lucky

[09:34] {Threei}  RIMM, long on 44 break

[09:34] {Threei}  if stays above .80

[09:36] {ese} Ok dino.....how bout endp

[09:38] {Threei}  stop to .85 RIMM

[09:38] {Threei}  DRYS risky long .20

[09:38] {dino} v sm risky, s aldn .16

[09:38] {Threei}  if stays above 15

[09:40] {Threei}  half out RIMM

[09:40] {Threei}  .25

[09:41] {magoo} out .31 TY rimm

[09:41] {Threei}  offer 1/4 more above .40

[09:41] {Threei}  out 1/4 .45

[09:41] {geo} all out .41 TY  

[09:42] {magoo} oops..got .38 rimm

[09:42] {KSystems} rimm out 1/2 .22 and 1/4 .44 thanks you!

[09:42] {Threei}  welcome

[09:42] {dawg} all out RIMM ty sir

[09:42] {Threei}  last portin closer to .60

[09:42] {geo} thats serious greed

[09:42] {Threei}  me seriously greedy

[09:42] {Threei}  stop under .20

[09:43] {Threei}  out .57

[09:43] {dino} missed endp

[09:44] {KSystems} me too

[09:44] {Threei}  greed is good. G gekko

[09:44] {KSystems} beauty

[09:45] {geo} wow rimm

[09:46] {magoo} thats what it does

[09:46] {Threei} Long Setup:  GERN  5.15 break, stop under 5

[09:46] {Threei}  can be slow

[09:46] {magoo} all dayer?

[09:47] {Threei}  LLTC, pullback to .10 - .15 zone is long

[09:48] {dino} qdel

[09:49] {geo} bought the drys pullback

[09:49] {Threei}  around .80?

[09:49] {geo} .84

[09:50] {Threei}  :)

[09:50] {geo} out now

[09:50] {Threei}  not sure about LLTC anymore

[09:50] {Threei}  stalled

[09:51] {dino} algt sm l .20

[09:52] {geo} xto chk hal

[09:54] {Threei}  GERN, for scalpers stop is under day's low

[09:56] {magoo} target?

[09:57] {Threei}  it broke major resistance levels

[09:57] {Threei}  uncharted territory for quite a while

[09:58] {Onix} in gern .16

[09:58] {Threei}  watching ADBE

[09:59] {Threei}  pullback to .80 would be good, to .60 ideal

[09:59] {Threei}  but if market jumps again, 24 break can be a break trigger

[09:59] {Threei}  providing it holds above .85

[09:59] {ese} s ENDP 1/2 21.50

[09:59] {magoo} thoughts DRYS?

[10:00] {Threei}  holding well so far

[10:00] {Threei}  not sure about new 15 - 15.20 setup yet

[10:00] {Threei}  DEC ISM NON-MANUFACTURING COMPOSITE: 40.6 V 36.5E

[10:00] {Threei}  NOV PENDING HOME SALES M/M: -4.0% V -1.0%E

[10:00] {Threei}  - prior revised from -0.7% to -4.2%

[10:02] {magoo} RIMM news vad?

[10:02] {Threei}  nothing fresh

[10:02] {magoo} good sh scalp if mkt pullsbk

[10:04] {dino} algt stopped -.30\

[10:04] {geo} CELG punished bad today

[10:05] {ese} cover endp 21.32 +.18

[10:06] {Threei}  not much of pullback RIMM

[10:06] {magoo} i sh .55

[10:07] {magoo} waitingg .07

[10:07] {geo} nice magoo

[10:08] {magoo} covered

[10:08] {magoo} changed mind +.25

[10:08] {geo} cuz og Q?

[10:08] {magoo} it is strong

[10:09] {magoo} dam

[10:09] {dino} wina

[10:10] {magoo} dam..theres 07

[10:16] {KSystems} .

[10:17] {Threei}  no worky GERN

[10:17] {Onix} stopped gern

[10:17] {Threei}  BRCM... breaks while market drops

[10:17] * geo thanks magoo for dozing him into not entering

[10:17] {Threei}  interesting

[10:17] {geo} i only take trades that work

[10:18] {geo} pharma wierd today

[10:18] {geo} LLY and CELG getting beaten

[10:18] {geo} DNA rising

[10:18] {dino} risky v sm wina s .50, stop .03

[10:21] {Threei} Long Setup:  QQQQ  .31 if stays above .25

[10:24] {dino} gaps to fill 1st imo

[10:24] {Threei}  something's brewing on BRCM

[10:26] {geo} out

[10:26] {Threei}  pullback entry under .10 if goes there

[10:27] {dino} dji filled

[10:28] {Onix} stopped q's

[10:28] {Threei}  market is not very happy

[10:28] {wishbone} q's stopped

[10:30] {i2romantis} i agree, market is not happy at all :)

[10:31] {Threei}  pulled back to fill the gap

[10:31] {Threei}  now the question is, whether it bounces and proceeds making new highs or breaks down

[10:31] {magoo} 10:30 pullbk

[10:32] {magoo} 'very common

[10:36] {magoo} u in BRCM vad?

[10:36] {Threei}  no

[10:36] {Threei}  didn't pull back deep enough

[10:36] {magoo} me either

[10:36] {Threei}  and I am not sure this market is good for breaks

[10:36] {Threei}  if it goes without me, so be it

[10:37] {magoo} maverick, um, without US

[10:37] {dino} endp l .23

[10:37] {dino} sm

[10:38] {dino} stop is .93

[10:39] {i2romantis} although rcrc did a good run today

[10:41] {dino} wina bstop to .36

[10:42] {geo} MS

[10:45] {Threei}  BOSNIA REPORTS THAT RUSSIAN GAS SUPPLIES HAVE BEEN HALTED (BOSNIA AND SERBIA ARE 100% SUPPLIED BY GAZPROM)

[10:49] {Larisa1} 9000 is good, do not be afraid { whispers gently }

[10:50] {Threei}  {DJI} you promise?

[10:51] {Larisa1} afraid to promise :)

[10:54] {Threei}  NDAQ

[10:54] {Threei}  SEEING INTEREST RATE SWAP CLEARING SERVICE AS PROVIDING MAJOR SOURCE OF REV IN COMING YEARS

[10:54] {Threei}  - Expects to be able to clear interest rate swaps in non-US dollar denominations by end of 2009

[10:54] {Threei}  - Note: 1.06 NDAQ: Launches a derivatives clearinghouse - WSJ

[10:55] {dino} endp stopped -.30

[10:57] {dino} celg

[10:58] {dino} taking them to 5s and 0s; week before exp again

[11:03] {Threei}  market needs to decide something

[11:04] {Threei}  ALDN

[11:04] {Threei}  STRENGTH ATTRIBUTED TO REPORTS OF A NEW BUYOUT OFFER

[11:05] {dino} wina bstop to .06

[11:05] {dino} expect slippage

[11:05] {Threei}  RIMM

[11:05] {Threei}  want to see a little bounce, then 45 break for short

[11:06] {dino} aldn bstop to .23, thx vad

[11:06] {Threei}  no bounce... didn't want to short right away

[11:07] {dino} wina bstop to .92

[11:08] {Threei}  OK, either .90 break short if stays under 45

[11:08] {Threei}  or bounce closer to .15

[11:09] {dino} stopped slipped to .02,cov. +.48 wina

[11:09] {Threei}  in, stop 45.05

[11:10] {Threei}  cover half 1:1

[11:10] {Threei}  scapers take profit

[11:10] {dino} s&p gap filled

[11:10] {Threei}  stop to .95 for balance

[11:11] {peterg} ty got my .07

[11:11] {peterg} in late

[11:12] {Threei}  in hindsight, best entry would be near 45, conservative entry on retrace

[11:12] {Threei}  didn't think of it at the moment

[11:15] {geo} http://online.wsj.com/article/SB123125518158857415.html?mod=googlenews_wsj

[11:15] {geo} german billionaire committed suicide after the volkswagon short squeeze

[11:15] {geo} my question is where is the shame in wall street?

[11:16] {geo} they just palm off the losses to someone else

[11:16] {peterg} thank hank

[11:16] {peterg} he acts for all of us

[11:16] {Threei}  out balance

[11:16] {geo} i think its a more general malaise

[11:16] {geo} no sense of responsibility

[11:16] {peterg} end of the empire

[11:16] {peterg} and all that

[11:17] {peterg} in India, have seen ruins of temples from different eras, all gone with the wind

[11:17] {peterg} are we different?

[11:17] {peterg} Naaaaaaaaa

[11:17] {peterg} maybe this will be serious enough for overnight readers

[11:18] {geo} lets call it "who would have known" excuse

[11:19] {geo} for anything that goes wrong

[11:19] {dino} celg sm l .50

[11:19] {dino} stop .18

[11:29] {Threei}  market went boring and uneventful

[11:29] {Threei}  no fireworks

[11:31] {dino}  aldn bstop to .06 thing is stuck

[11:31] {dino} algt sm l .85

[11:33] {ese} outta here for the day all see ya tomorow

[11:33] {Threei}  take care ese

[11:33] {hawkfan4} cya es

[11:33] {dino} cya es

[11:35] {dino} syna

[11:35] {Threei}  ENI: RUSSIAN GAS SUPPLY HAS FALLEN 90%, GAZ DE FRANCE NOTES ITS RUSSIAN GAS DELIVERIES HAVE FALLEN 70%

[11:37] {dino} getting chilli over there i bet

[11:37] {Threei}  AMZN looks salmonish

[11:38] {geo} hehehe yup chilli keeps me hot too

[11:39] {dino} :)

[11:39] {Threei}  half lot long AMZN .15 break

[11:39] {dino} hot wings today

[11:39] {Threei}  if stays above 56

[11:40] {magoo} in

[11:40] {Threei}  1:1 easy

[11:40] {Threei}  can do more, partial

[11:40] {geo} hmmm what was your entry vad?

[11:41] {geo} i got .18

[11:41] {tomg} thanks vad

[11:41] {Threei}  welcome guys

[11:41] {magoo} .15 here

[11:41] {jmb}  thanks

[11:41] {Threei}  jmb :)

[11:41] {wishbone} amzn 18 ty vad

[11:41] {geo} i waited for break

[11:41] {geo} half out thanks vad

[11:42] {Threei}  1:2

[11:43] {magoo} out here .52 TY bodss

[11:43] {Threei}  1:3, out in full

[11:43] {geo} all out .58

[11:43] {geo} thanks lord vader

[11:43] {Threei}  welcome

[11:43] {magoo} return of the king he he

[11:43] {geo} linking new year

[11:43] {geo} liking

[11:43] {Threei}  patient waiting for your game pays

[11:43] {Threei}  we got beasutiful early RIMM play,

[11:43] {Threei}  then couple small stops,

[11:44] {Threei}  then little RIMM scalp

[11:44] {Threei}  nothing stellar, right?

[11:44] {dino} out celg .95, +.45

[11:44] {Threei}  sit and wait for clean safe play to come along

[11:44] {Threei}  don't jump on anything that moves

[11:44] {dino} cov aldn .96, +.20

[11:44] {Threei}  that will only amass unneeded stops

[11:45] {Threei}  wtg dino

[11:45] {magoo} any read Q here aregon?

[11:46] {Threei}  who's aregon?

[11:46] {magoo} [11:43] {magoo} return of the king he he

[11:46] {magoo} u

[11:47] {Threei}  cultural references mostly get lost on me, ya know {G}

[11:47] {geo} eragon

[11:47] {geo} king of elves

[11:47] {magoo} no...king of men

[11:48] {magoo} hang on..dino went in our restroom to pee

[11:48] {magoo} mkt pulls back

[11:48] {geo} too much detail

[11:48] {Threei}  that's trading signal geo

[11:48] {geo} oh ok

[11:48] {magoo} its a heads u

[11:48] {Threei}  magoo tracks this pattern for a while

[11:49] * geo puts shorting hat on

[11:49] {magoo} magoo yellling get out DINOOOOOOOO

[11:49] {magoo} ok hes out

[11:49] {geo} lol

[11:49] {geo} amzn pullback vad?

[11:50] {Larisa1} PLD volume

[11:51] {Threei}  too late geo

[11:51] {Threei}  .50 was it

[11:51] {geo} yeah :(

[11:52] * laserdave1 slaps Threei around a bit with a large chart of uptrending market

[11:52] {dino} ohhhh mannnn

[11:52] {Threei}  look who got technologically advanced

[11:52] {dino} that kind of talk is just wrong

[11:53] * laserdave1 slaps magoo around a bit with a large Threei

[11:53] {Threei}  hey!

[11:53] {hawkfan4} lol

[11:53] {laserdave1} pulling out all the gems here

[11:54] {magoo} thats alot of smack u just hit magoo with bud :)

[11:54] {laserdave1} :)

[11:54] {laserdave1} wow is this market slowwww

[11:54] {magoo} did u get chaer DCC yesterdasy dave?he asked us to let u know

[11:55] {laserdave1} yup all good

[11:55] {laserdave1} ty

[11:55] {magoo} ok..

[11:55] {geo} snif AMZN

[11:56] {magoo} pass me tissue geo

[11:56] * geo hands out the box

[11:56] * magoo slaps geo around a bit with a large very discusting used tissue

[11:56] {geo} ewww

[11:57] {geo} that was a setup !

[11:57] {geo} in the meanwhile AMZN

[11:59] {dino} endp interesting

[11:59] {Threei}  i2r... laserdave here is your guy to ask about Laser

[12:00] {Threei}  in case you haven't gathered it from his nick :)

[12:00] {Threei}  you may have mistakenly think it means he is sharp and focused as laser

[12:01] {magoo} which would be wrong assumption

[12:02] {magoo} LASER is best system by far

[12:02] {Threei}  very

[12:02] {magoo} and i been in about 6

[12:03] {magoo} heres my progression.....

[12:04] {magoo} schwab..datek..ameritrade...TD...mbtrade...genesis...LASER

[12:04] {geo} welmostly retail magoo

[12:04] {geo} well mostly

[12:04] {magoo} yup..started there

[12:05] {geo} laser KILLS on nasdaq

[12:05] {magoo} can u imagine

[12:05] {geo} prob the only platinum certified partner available to us

[12:05] {Threei}  I don't see any difference between NASDAQ and listeds anymore

[12:06] {Larisa1} we missed HIG and BRCM breaks , that e-mail guy was right, you  guys ARE distracting :)

[12:06] {geo} oops

[12:07] {Threei}  and proud of it

[12:07] {magoo} WOW larisa:(

[12:07] {Larisa1} I know :)

[12:07] {geo} i am here for social networking

[12:08] {Threei}  I am here to tell you I don't know why I am here

[12:08] {geo} dino

[12:08] {geo} youre fav PRU

[12:10] {magoo} im here to keep vad honest lol

[12:11] {Threei}  yeah, I am known as a big liar when left unsupervised

[12:11] {magoo} no..not that...i just remind u of the trades i hate

[12:11] {geo} booohoohoo

[12:11] {geo} AMZN

[12:11] {geo} its going to the moon

[12:12] {magoo} vad hooked a pointer there

[12:12] {magoo} nice rerad aregon{king of men}

[12:13] * Threei slaps magoo around a bit with a large book of slow cooker recipes and suggests to keep within this short list of reading

[12:13] {dino} endp sm l .40, stop .09

[12:14] {Larisa1} LLTC too smooth, just hanging at high doing nothing,  no matter what market does

[12:14] {Threei}  yeah, I am not delighted

[12:15] {dino} pcln

[12:17] {dino} hmm pru up cb down

[12:18] {geo} amgn

[12:19] {dino} pru taunting me to short it

[12:19] {Larisa1} PLD not happy

[12:19] {Threei}  HIG, bounce entry arounbd here on firast strength

[12:20] {Threei}  with stop under 19

[12:20] {Threei}  got .11

[12:21] {Threei}  half out

[12:22] {magoo} missed

[12:22] {Threei}  offer balance above .30

[12:22] {Larisa1} nice bounce call HIG

[12:22] {magoo} that was nice

[12:22] {Threei}  ty

[12:23] {Threei}  clean bounce off touching rising lower BB

[12:23] {geo} vad no trouts pls

[12:23] {geo} but what was the BB val again ?

[12:23] {Threei}  13 and 1.7

[12:23] {wishbone} amzn 12 ty vad

[12:23] {Threei}  save that layout finally, will ya?

[12:24] {geo} hehehe

[12:24] {Threei}  just now wish?

[12:24] {wishbone} no the bounce

[12:24] {Threei}  :)

[12:25] {Threei}  PLD

[12:25] {Threei}  SHARES DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT MERRILL, PRICE TARGET $11

[12:25] {wishbone} soory that was hig

[12:25] {Threei}  oh... I was wondering why I was getting credit :)

[12:25] {Threei}  but I took it anyway

[12:25] {Threei}  lol

[12:26] {Threei}  anyway, who is Merril to downgrade anyone?

[12:28] {KSystems} do they actually rate themselves?

[12:30] {dino} ahh mother merrill, getting re-married

[12:34] {Threei}  this HIG bounce I missed totally... grrr

[12:35] {geo} NOV crazy strong

[12:42] {Threei}  if market shows new strength, RIMM .43 long if stays above .35

[12:42] {Threei}  want semi-aggressive entry with tight stop

[12:42] {Threei}  with .50 consequent break as launching paf

[12:43] {geo} nov 31 break vad?

[12:43] {Threei}  paf = pad

[12:43] {Threei}  can't tell geo

[12:44] {geo} TY

[12:46] * Threei tries to kick RIMM in the rear over .45 barrier

[12:48] {magoo} nice kickaroo

[12:48] * Threei , inspired by success, tries to kick RIMM in the rear over .50 barrier

[12:49] {magoo} magoo notices 3i getting tired..starts helping him kick

[12:49] * geo introduces himself to people as someone who benefits from vad's violence

[12:49] * Threei kicks RIMM just for the fun of kicking

[12:49] {magoo} ouch..3i kicks magoo

[12:50] {KSystems} wheres your first target if i may, vad?

[12:51] {geo} hmm i took some off at .53

[12:51] {Threei}  closer to .60

[12:51] {geo} as his top was less than 10

[12:51] * Threei endorses geo's endorsement of violence as legit trading approach

[12:51] {Threei}  hmmm

[12:51] {Threei}  ok, out half.54

[12:52] {Threei}  market may pull back here easily

[12:52] {Threei}  want to secure some

[12:53] {magoo} ditto

[12:54] {geo} out

[12:54] {geo} day went rather well.... nibbling is good

[12:55] {Threei}  sure... but it still looks strong, why not leave 1/4 to give it a chance

[12:55] {geo} q pulled

[12:55] {Threei}  exactly

[12:55] {geo} and rimm didnt

[12:55] {geo} sigh...

[12:56] {Threei}  Qs pulled back, and RIMM didn't even lose .50

[12:56] {magoo} vad..u following AMZN?

[12:56] {dino} algt stop to .19

[12:56] {Threei}  not right now mags

[12:56] {Threei}  kind of nursing RIMM

[12:56] {magoo} point pull here

[12:56] {dino} out .22, +.37

[12:56] {geo} short?

[12:57] {magoo} ok room..dino chant

[12:57] {magoo} dino

[12:57] {magoo} dino

[12:57] {magoo} dino

[12:57] {Threei}  it won't work magoo... I tried that, he is trading well anyway

[13:00] {dino} risky sm s pru .25, stop .53

[13:00] {Threei}  out balance

[13:01] {geo} its almost like the black box algos deided in RIMM that Q didnt rise so move on

[13:03] {geo} pullback vad?

[13:03] {Threei}  ?

[13:03] {geo} rinn

[13:03] {geo} mm

[13:04] {Threei}  nah

[13:04] {Threei}  gotta let it digest something

[13:04] {Threei}  no rythm

[13:04] {Larisa1} what rythm if you kick it all the time..

[13:05] {Threei}  AAPL

[13:05] {Threei}  DOCTOR FROM MAYO CLINIC SPECULATES THAT CANCER MAY HAVE RETYURNED - SILICON VALLEY INSIDER

[13:06] {Threei}  sorry Larisa, I can't help it

[13:06] {Threei}  I like kicking things

[13:06] {Threei}  can you believe this bs?

[13:06] {dino} pru stopped -.33

[13:07] {Threei}  unnamed doctor "speculates" - AAPL and market with it drop like crazy

[13:07] {Threei}  no one een know whether this doctor saw Jobs

[13:07] {Threei}  maybe he is just sitting on the porch, speculating about this and that

[13:08] {geo} hey vad you wanna know trivia?

[13:08] {Threei}  is she pretty?

[13:08] {geo} sheesh

[13:08] {KSystems} sigh

[13:09] {geo} his dad is asyrian arab

[13:09] {geo} syrian

[13:09] {peterg} symmetric:asymmetric. Syrian: asyrian

[13:10] {geo} dad just gave him up for adoption and went back

[13:10] {geo} very barackish

[13:11] * geo was a triavia champion in high school

[13:11] {geo} trivia too

[13:12] {Threei}  if I were smarter I'd buy GERN under 5 and hold it all day

[13:12] {geo} you still in?

[13:12] {magoo} if i were more patient

[13:12] {Threei}  no

[13:13] {Threei}  still think this thing has a lot more upside

[13:13] {Threei}  but tough to get into its manner of moving

[13:13] {geo} wow more tha 25% up

[13:13] {geo} less than a month

[13:14] {Chaeron} Hi all... just checking in :)

[13:14] {geo} hiya chaer

[13:15] {Larisa1} hi Chaeron :)

[13:15] {Chaeron} Hi Geo! Laris :)

[13:15] {Threei}  DOCTOR FROM MAYO CLINIC SPECULATES THAT CANCER MAY HAVE RETURNED - SILICON ALLEY INSIDER

[13:15] {Threei}  - Article notes" most likely scenario, based on Steve's history and his description of his condition, is that his cancer has returned. If so, this news is not necessarily devastating, and the treatment could still be "simple and straightforward," as Steve suggested. "

[13:15] {Threei}  - "If a patient came to me with [Jobs’s] history, the two big questions that would come to mind are: 1) is this a [recurrent] tumor, and 2) was there sufficient pancreas removed with the original surgery that he’s gradually lost his ability to digest and absorb food,"

[13:15] {Threei}  - "The third option, when you take out the pancreas and see weight loss like this, is that it’s diabetes,"

[13:15] {Threei}  chaeron :)

[13:16] {dino} pru big old rinse

[13:16] {Threei}  so, this doctor is not seeing Jobs

[13:16] {Threei}  and it maybe diabetes

[13:17] {Threei}  and there are three options

[13:17] {Threei}  and it's not neccesary devastating

[13:17] {magoo} doesnt jobs need to tell the truth? as in he already said what it was

[13:18] {Threei}  whatever... I don't want to trade this story on any side

[13:18] {Threei}  geo, you are familiar with mirc, right?

[13:18] {geo} not too much

[13:18] {geo} ?

[13:19] {dino} magoo, when do the ceo's tell the truth

[13:19] {Threei}  just thinking, if there is a way to make my comments echo in #floor

[13:19] {Threei}  so they would be there distilled, without room noise

[13:19] {dino} think all of the banks that said they did not need capital

[13:19] {geo} Ksystems?

[13:19] {Threei}  or GM saying they don't conmtemplate bankruptsy

[13:19] {KSystems} :)

[13:20] {KSystems} not out-of-the-box

[13:20] {dino} rimm sm s .42

[13:20] {KSystems} but its a good point, I can build you something that does vad

[13:20] {dino} stop .76

[13:20] {geo} what i do is i have a sound for vad 

[13:20] {Threei}  ty... nothing urgent

[13:20] {geo} and i ignore the others 

[13:20] {KSystems} lol

[13:20] {geo} respectfully of course

[13:22] {dino} but of course

[13:22] {geo} problem is if i =dont get others i loose context of trade sometimes

[14:01] {Threei}  GERN...

[14:01] {peterg} dumpd

[14:01] {Threei}  sigh

[14:01] {dino} geo, ignore me don't boot me out

[14:01] {Threei}  geo has serious ignoring power

[14:01] {peterg} lets see who notices they are gone

[14:01] {Threei}  lol

[14:01] {geo} hehe

[14:01] {dino} rimm stopped -.37

[14:01] {magoo} bumped out

[14:01] {Threei}  geo did that mags

[14:01] {magoo} ty geo

[14:01] {dino} rate sm l .85

[14:01] {magoo} rimm animal

[14:01] {magoo} aapl losing it

[14:01] {peterg} tell me about it

[14:01] {peterg} made some, then lost some more

[14:01] {peterg} rrrr

[14:01] {peterg} sniff

[14:01] {magoo} very rumor sensitive

[14:01] {Threei} Long Setup:  TM  .40 break small shares

[14:01] {Threei}  stop under .20

[14:01] {wishbone} anyone there?

[14:01] {geo} got kicked out hard

[14:01] {KSystems} wooohoooo

[14:01] {wishbone} hello?

[14:01] {wishbone} man, what was that?

[14:01] {magoo} me too..out awhile

[14:01] {wishbone} it was like disconnected techno robot....:)

[14:01] {Threei}  sigh

[14:21] {Threei}  anyway... you can't say I don't make you money while disconnected

[14:21] {Threei}  TM worked like charm

[14:21] {Threei}  over 1:2

[14:22] {Threei}  GAZP.RU: CEO: IT IS BECOMING POINTLESS TO SEND ANY GAS VIA THE UKRAINE

[14:22] {Threei}  - Reiterates claims that Ukraine is siphoning off gas meant for European customers.

[14:24] {Threei}  wow PLD

[14:24] {Larisa1} downgrade worked nicely for it :)

[14:24] {Threei}  yeah... case of "consider the source", lol

[14:24] {Larisa1} lol

[14:25] {Threei}  non-existing broker downgrades someone?

[14:25] {Threei}  buy the heck out of it

[14:27] {Threei}  anyone traded TM anyway?

[14:27] {KSystems} yes :)

[14:27] {Threei}  :)

[14:29] {Threei}  PLD

[14:29] {Threei}  half lot long .30

[14:29] {Threei}  if stays above .20

[14:30] {magoo} in

[14:32] {magoo} never recall bidu & goog so diverged

[14:32] {magoo} bidu should catch up

[14:33] {Threei}  dunno mags... could be reflecting country risk

[14:33] {dino} anything can happen

[14:33] {Threei}  no worky PLD

[14:34] {magoo} out pld - dime

[14:36] {Threei}  lol

[14:36] {Threei}  shakoeout

[14:37] {magoo} out BIDU + point

[14:37] {magoo} from my mention

[14:38] {Threei}  look at PLD

[14:38] {Threei}  or better don't

[14:39] {KSystems} Vad :) say something

[14:39] {Threei}  something

[14:40] {Larisa1} test if it filers me

[14:40] {Threei} Long Setup:  SOMETHING  at any price

[14:40] {Threei}  it works

[14:40] {Larisa1} KS, i love you

[14:40] {Threei}  everyone sees #floor?

06[14:40] * KSystems is melting away

[14:40] {Larisa1} vad too of course :)

[14:40] {magoo} where??

[14:40] {Larisa1} thanks guys

[14:41] {Threei}  that's OK larisa, I am comfortable with being unloved

[14:41] {Larisa1} lol

[14:41] {Threei}  thank you KS

[14:41] {KSystems} very welcome

[14:48] {magoo} we are rockin

[14:50] {dino} rate stop to .29

[14:51] {dino} tighten it

[14:51] {dino} out .35, +.50

[14:52] {Onix} beautifully done!

[14:52] {Threei}  very

[14:53] {Threei}  OK guys, realize limitations of #floor echo please

[14:53] {Threei}  if you want to track my call, it's fine

[14:53] {Threei}  scrolling with no surrounding noise for instance

[14:54] {Threei}  but when I answer someone's question on some stock, you may not get a context

[14:54] {Threei}  I will try to mention symbols when I answer, to keep it as uniform as possible

[14:56] {Geo} nice K

[14:56] {Geo} great job

[14:56] {dino} celg sm l .01

[15:00] {Threei}  ok... let me get a smoke and see if we get some esy scalp for the last hour

[15:01] {KSystems} thanks geo

[15:04] {Threei}  btw hawk, how do you like laser so far?

[15:05] {hawkfan4} i like it, just getting used to it a bit, but it really is incredibly fast

[15:05] {Threei}  told ya :)

[15:06] {hawkfan4} :), yeah, i'm impressed

[15:06] {Threei}  light years ahead of anything I traded with

[15:07] {Threei}  and I started with direct access when most still used datek etc

[15:07] {Threei}  most fond memories I have though are those of Castle... when they implemented NITE garanteed executions

[15:08] {Threei}  gosh, we robbed poor NITE blind

[15:08] {Threei}  Larisa must remember :)

[15:08] {Larisa1} i do :)

[15:08] {hawkfan4} :)

[15:08] {Threei}  on a quiet afternoon when we are bored, remind me... I'll tell the story

[15:12] {Threei}  one more leg down, and playable bounce should be in cards

[15:12] {Threei}  if this is the bounce I prefer to miss it, a bit too iffy

[15:13] {Threei}  want to see Qs near .30 or just under

[15:18] {magoo} .

[15:19] {Threei}  getting close

[15:20] {magoo} looks like .25 

[15:20] {magoo} aapl low

[15:21] {dino}  celg stopped

[15:22] {Threei}  in

[15:22] {Threei}  stop under .25

[15:22] {magoo} where? .31 here

[15:23] {Threei}  .30

[15:23] {magoo} dl?

[15:23] {Geo} sigh... now the vad highlight sound plays twice

[15:23] {Threei}  lol

[15:24] {Threei} Long Setup:  PLD  half lot 16.02

[15:24] {Threei}  stop under 15.95

[15:29] {Threei}  wow PLD... what a battle

[15:31] {magoo} we need dino 3:40 power up

[15:31] {magoo} in pld

[15:31] {magoo} 16

[15:31] {Threei}  half out .15

[15:32] {jmb} thanks pld

[15:32] {Threei}  :)

[15:32] {magoo} TY BOSS

[15:33] {Threei}  welcome guys

[15:33] {Larisa1} downgraded  from "king" ?

[15:34] {Threei}  out .23

[15:34] {Larisa1} nice call

[15:34] {Threei}  ty

[15:35] {Threei}  come on Qs, don't you know about dino

[15:35] {Threei}  s bounce?

[15:35] {Threei}  wow PLD... underestimated bounce a little

[15:36] {Threei}  MCGC?

[15:37] {Threei}  what happened there

[15:37] {Threei}  out Qs

[15:37] {Threei}  US REP FRANK: OBAMA AGREES WITH REGARDS TO CONDITIONS OF SECOND TARP RELEASE

[15:38] {Threei}  WFC

[15:38] {Threei}  MOODYS TRIMS RATINGS TO AA3 FROM AA1

[15:38] {Threei}  - Cites closing of acquisition of Wachovia and complete ratings review

[15:38] {Onix} stopped Q's but got some $$ in PLD ty Vad

[15:38] {Threei}  yup... that's the dance we are doing

[15:38] {Threei}  keeping small losses, getting nice wins

[15:39] {Threei}  7 cents stop on Qs vs over 20 cents win on PLD

[15:39] {Threei}  same with our earlier RIMM, AMZN etc plays

[15:39] {Onix} excellent ratio

[15:39] {dino} ok time to move up

[15:39] {Threei}  my guess is, if not for this WFC news, Qs would have worked too

[15:40] {Threei}  look at WFC

[15:42] {dino} there's 28 pts

[15:42] {dino} rate sm l .11

[15:44] {dino} strange day for an up day, lots of stocks down coulpe points

[15:45] {Threei}  yeah, breadth must be questionable

[15:45] {Threei}  who is observing those TICKs and TRINs

[15:45] {Threei}  enlighten us pls

[15:45] {magoo} breath 2:1 positive

[15:46] {Threei}  whose breath?

[15:47] {magoo} dinos

[15:49] {dino} there's 45

06[15:49] * magoo slaps laserdave1 around a bit with a large roll of cash

[15:51] {magoo} trading was jumpy today..players are nervous

[15:52] {patience} i'm thinking a really good pullback is waiting for us

[15:52] {Threei}  whatever... nice profitable day, that's all I care about :)

[15:53] {magoo} dcc quick vad

[16:00] {Larisa1} bye all :)

[16:02] {wishbone} great calls vad..good nite all

[16:02] {Threei}  thank you all

[16:02] {Threei}  have a good evening, see you tomorrow

[16:02] {magoo} nite everybody

[16:02] {hawkfan4} thx all

[16:02] {KSystems} good night!!

Jan 05 2009

Very strong day, quite a few nice sizeable wins in the morning, then mostly scalps in the aftrenoon. RIMM, DRYS and a few others behaved well.

Session Time: Mon Jan 05 00:00:00 2009

[08:03] {magoo} morning

[08:03] {Threei}  good morning

[08:03] {Threei}  01/05/09 07:12am

[08:03] {Threei}  [NFLX] Netflix Inc Enters into pact with LG Electronics for broadband TV projects

[08:03] {Threei}  - Would enable the real-time viewing of Netflix films.

[08:04] {Threei}  DRYS is unstoppable

[08:04] {magoo} vad, i watched storm of century yesterday, it was on sci fi network

[08:05] {Threei}  I have dvd

[08:05] {magoo} forgot how good it is

[08:05] {Threei}  pretty powerful, isn't it

[08:10] {magoo} whats up with DRYS?

[08:11] {Threei}  no news

[08:11] {magoo} used to be shortable..not now

[08:14] {patience} good morning guys  :)

[08:15] {Threei}  patience :)

[08:15] {magoo} patience:)

[08:26] {magoo} what u stalking vad?

[08:27] {Threei}  DRYS, EGLE, PLD

[08:28] {i2romantis} morning guys!

[08:28] {Threei}  i2r :)

[08:28] {i2romantis} 3i:)

[08:29] {i2romantis} any thoughts on dds.to and gm?

[08:30] {Threei}  GM is stay away other than for scalps

[08:30] {Threei}  not playing TSX at all

[08:30] {i2romantis} yes, I was scalping GM 

[08:30] {i2romantis} If ind tsx stocks moving thinly

[08:31] {Threei}  AAPL

[08:31] {Threei}  JOBS HAS HOMRONE IMBALANCES THAT CAUSED WEIGHT LOSS

[08:34] {Threei}  .20 break DRYS, half lot for scalp with stop under .10 - for adrenaline-deprived

[08:36] {KSystems} argh too late

[08:36] {Threei}  no chasing

[08:36] {Threei}  there was a big offer at .20... scrolled through just as I typed

[08:36] {KSystems} are you out already?

[08:36] {Threei}  missed it while typed

[08:36] {KSystems} uck

[08:37] {Threei}  FMCN upgrade, 13 target

[08:38] {Larisa1} good morning :)

[08:38] {Threei}  Larisa :)

[08:39] {Larisa1} threei :)

[08:39] {Threei}  ugh... 1:1

[08:39] {Threei}  ok, let's consider it my call warm-up :)

[08:50] {ese} good morning all.....

[08:50] {Threei}  ese :)

[08:50] {Onix} Good morning all

[08:50] {Threei}  onix :)

[08:50] {ese} onix

[08:50] {Threei}  ese, you asked about MA crossover alert in iscan

[08:50] {ese} ready for the new year vad?

[08:50] {Threei}  you know it's there now?

[08:51] {Threei}  a few of them actually

[08:51] {Threei}  ready? we already made money on Jan 2nd :)

[08:51] {ese} yes awhile ago

[08:51] {cosmo} ... a brave new year...

[08:51] {Threei}  have a look at last 20 pics or so:

[08:51] {Threei}  http://www.flickr.com/photos/36948132@N00/

[08:52] {cosmo} gee ... ufo's on the runway..

[08:53] {Threei}  I want what you are smoking

[08:53] {cosmo} from yesterday?

[08:53] {Threei}  pics?

[08:53] {Threei}  Dec 31

[08:56] {cosmo}  do you have a special 'night light' auto setting?

[08:56] {Threei}  on camera?

[08:56] {cosmo} for exposure...?

[08:56] {Threei}  yes but I don't use that

[08:56] {cosmo} k

[08:56] {Larisa1} beautiful. is it naked woman  or just icicle on 16 :)

[08:57] {Threei}  naked woman, just a bit stony

[08:57] {Larisa1} poor girl, she is cold

[08:58] {cosmo} looks blue

[08:59] {Threei}  which is only natural, come to think of it

[08:59] {Threei}  although I believe your monitor needs calibration {G}

[09:00] {cosmo} violet?

[09:00] {Threei}  beige

[09:01] {KSystems} Good morning!

[09:01] {Threei}  ks :)

[09:01] {cosmo} oh..

[09:01] {Threei}  so weird to see snow in Butchart Gardens

[09:02] {Threei}  but the effect is to die for

[09:04] {dino} gm all

[09:04] {Threei}  dino :)

[09:05] {geo} gm and a happy new year all !

[09:06] {Threei}  geo :)

[09:06] {Threei}  ty, same to you

[09:06] {KSystems} happy new year geo, thank you

[09:06] {Onix} hi dino

[09:09] {Onix} hi geo

[09:09] -} *services* REGISTER wishbone maranello

[09:11] {geo} so vad ummmmm wheere are teh people in the pics?

[09:11] {geo} or is this how canada is?

[09:11] {Threei}  what people?

[09:11] {geo} dia ya take the pics 3 in the morning?

[09:12] {Threei}  lol

[09:12] {dawg} gm all

[09:12] {Threei}  if I photograph a place with no desire to have people in it, there won't be any people

[09:12] {Threei}  dawg :)

[09:14] {Onix} hi dawg

[09:16] {Threei}  for just-connected and too lazy to scroll up: http://www.flickr.com/photos/36948132@N00/

[09:17] {wishbone} good morning all

[09:17] {Threei}  wishbione :)

[09:18] {dawg} Hello Onix

[09:18] {Onix} hi wishbone

[09:18] {wishbone} hello onix

[09:24] {Threei}  intend to start with bounce scalps until we see that market repeats Frida's steady climb

[09:27] {Threei}  RIMM of 42 on watch

[09:28] {Threei}  DRYS doesn't want to pull back very much

[09:30] {cosmo} JASO holds 4.90   so far

[09:31] {Threei} Long Setup:  RIMM  42 break

[09:31] {Threei}  if stays above .80, half lot

[09:31] {Threei}  sorry, .90

[09:32] {Threei}  feel free to take scalp

[09:32] {Threei}  over 1;1

[09:32] {tomg} thanks vad

[09:32] {Threei}  good reflexes tom

[09:32] {tomg} ty

[09:34] {Threei}  sheesh DRYS

[09:34] {Threei}  if you went for RIMM second time, half out

[09:35] {ese} bstop QQQQ .87

[09:35] {Threei}  has chance for more this time

[09:35] {ese} small

[09:35] {magoo} out here vad TY rimm

[09:35] {Threei}  there... 1:3

[09:35] {magoo} .37

[09:35] {Threei}  I mean 1:5

[09:35] {ese} in

[09:35] {Threei}  I mean... oh, whatever

[09:35] {Onix} ty Vad, got some in RIMM

[09:35] {Threei}  :)

[09:36] {dino} whats up w/algt -8 pts in 2 days

[09:36] {geo} wow... all out .33

[09:40] {Threei}  bounce from under 42 again RIMM

[09:40] {ese} stoped QQQQ's  .75 -}10

[09:41] {Threei}  half lot, stop under .85 this time

[09:42] {dptl} good morning all

[09:42] {Threei}  dp :)

[09:42] {Threei}  out .25

[09:43] {geo} all out .34

[09:43] {geo} thanks vad

[09:43] {geo} good start to the new year

[09:43] {Threei}  a bit late though... we had one already on Friday :)

[09:43] {geo} yeah saw that...

[09:45] {KSystems} out .58 on rimm, amazing Vad. thank you

[09:45] {wishbone} rimm +48, 62 ty vad

[09:45] {Threei}  welcome guys

[09:45] {Threei}  DRYS bounce candidate off .40

[09:45] {Threei}  half lot

[09:45] {Threei}  no chasing

[09:46] {Threei}  touched .45 and jumped too fast

[09:46] {Threei}  should dip under .40 this time

[09:47] {Threei}  knowing its nature, I'd be hapy to catch it closer to .20

[09:47] {Threei}  otherwise too risky

[09:47] {ese} bstop AAPL 94.50 small

[09:47] {Threei}  try .25 or so, if doesn't go that low let it go for now

[09:49] {ese} has to stay above 94.00 AAPL

[09:49] {ese} invalidated

[09:49] {dino} is 9027 dji high correct?, dec high was 9026

[09:52] {KSystems} drys

[09:52] {Threei}  yes

[09:52] {Threei}  still valid off .20

[09:52] {Threei}  just keep shares reasonable

[09:52] {KSystems} stop under .10 ?

[09:52] {Threei}  volatile

[09:52] {Threei}  yes

[09:53] {Threei}  you caught it?

[09:53] {KSystems} not yet

[09:53] {Threei}  touched .25 precisely

[09:53] {KSystems} didnt want it above .25

[09:54] {Threei}  hmmm... not sure this time

[09:54] {Threei}  if dives again, likely to go lower than .20

[09:55] {Threei}  ok.. under 13 or not interested

[09:56] {Threei}  got 12.98

[09:56] {Threei}  stop under .90

[09:56] {Threei}  anyone caught it?

[09:56] {KSystems} no

[09:56] {Threei}  ok, no chasing, just a scalp

[09:57] {Threei}  out .18

[09:57] {magoo} looking at Q 

[09:59] {Threei}  ELON?

[09:59] {Threei}  what the

[09:59] {dino} algt sm l .95 stop lod

[10:02] {Threei}  10:01am [NTRI] Affiliating with Cosco, will make product available in all retail stores

[10:04] {geo} anr vad?

[10:04] {Threei}  underestimated DRYS strength

[10:05] {Threei}  not sure geo

[10:05] {geo} USO steady climb today

[10:06] {patience} i completely messed up entries into su (suncor) and cnq (canadian natural resources), kept waiting for pullbacks

[10:07] {wishbone} anyone from victoria get snow?

[10:07] {Threei}  no

[10:07] {patience} no

[10:08] {Threei}  that's local snowfall over your backyard, wish

[10:09] {wishbone} no none my way either, apparently Vancouver got it and duncan has a foot

[10:09] {Threei}  dp?

[10:13] {dptl} ye wet snow here

[10:13] {ese} dino ...you still L ALGT

[10:14] {magoo} DRYS read vad?

[10:15] {Threei}  if no pullback, then .50 break

[10:16] {Threei}  I'd prefer pullback to around .30

[10:17] {dino} y es

[10:17] {Threei}  half lot

[10:17] {Threei}  in, stop under .20

[10:18] {ese} i joined you.....small lot  at .99

[10:18] {ese} just wondering what your trigger is for getting out

[10:19] {dino} down $ was feeling a buck or so

[10:19] {dino} needs mkt help tho

[10:20] {dino} down$4

[10:20] {KSystems} drys half out .40

[10:20] {ese} yeow za......

[10:20] {Threei}  half out DRYS .41

[10:20] {Threei}  stop to .25

[10:20] {Threei}  let's see if we get .50 break

[10:21] {magoo} lil mkt help here

[10:21] {wishbone} drys =20 ty vad

[10:21] {magoo} waiting .54

[10:21] {Threei}  wish :)

[10:21] {wishbone} +20

[10:21] {dino} gj

[10:21] {ese} am gonna exit here at .50  

[10:21] {ese} out

[10:22] {ese} +.51...150 on 300 shs

[10:22] {dino} es trail stop to lock in something ok

[10:22] {ese} gonna watch you in action for the rest

[10:22] {dino} to .38 for me

[10:23] {dino} gj

[10:23] {dino} i took 300 too

[10:23] {dino} stopped .37, +.42

[10:23] {ese} dino what was you scan for finding this type of stock

[10:24] {dino} will watch again for pullback

[10:24] {dino} -$2+

[10:24] {ese} any volume requirement

[10:24] {dino} have separate scanner, top 10 up/downs

[10:25] {dino} no, you know me and vol.

[10:25] {dino} control w/size

[10:25] {ese} $2 either way  up & dn

[10:25] {dino} yes

[10:26] {ese} it's making another nice move to 41....well done dino

[10:26] {dino} vz interesting

[10:26] {Threei}  JRCC

[10:26] {Threei}  .35 half lot long if stays above .20

[10:26] {dino} i was too tight, thing jumps 25cents

[10:28] {magoo} SIGH JRCC

[10:28] {Onix} aaahhh missed it!

[10:28] {Threei}  thin one

[10:28] {wishbone} Wahh JRCC

[10:28] {dptl} +.15 jrcc ty

[10:28] {KSystems} wow

[10:29] {Threei}  wtg dp

[10:29] {KSystems} +.15 JRCC

[10:29] {KSystems} thanks

[10:29] {Threei}  ks :)

[10:29] {wishbone} nw dp

[10:30] {dino} es, look at kb, rcrc, gsic, hlnd

[10:31] {ese} will do

[10:31] {KSystems} JRCC out 1/4 more .65

[10:31] {wishbone} patience do you trade EWZ?

[10:31] {ese} I like rcrc

[10:32] {Threei}  market regained strength

[10:32] {ese} and gsic

[10:33] {KSystems} JRCC remaining 1/4 stopped at .70

[10:33] {Threei}  beauty

[10:34] {KSystems} (c) vad

[10:34] {dino} algt goes over 41

[10:35] {ese} ya just saw that

[10:35] {dino} me too, but where

[10:36] {ese} wow za  almost 41.50

[10:37] {ese} just think.....if you'd had a 10 000 shs lot ehhhhhhh

[10:37] {dino} crying

[10:38] {ese} opps........I know that must have hurt.......i'll be more sensitive next time

[10:38] {Threei} Long Setup:  ADBE  half lot first strength from here

[10:38] {dino} my own fault

[10:39] {Threei}  stop under .75

[10:39] {Threei}  DRYS babay

[10:39] {Threei}  out second half

[10:39] {Threei}  .55

[10:39] {magoo} out drys here .63

[10:40] {Threei}  offer half ADBE above .90, scalpers just grab your profit

[10:41] {Threei}  out DRYS second half ks?

[10:41] {KSystems} i want even in

[10:41] {KSystems} want=wasnt

[10:41] {Threei}  [10:20] {KSystems} drys half out .40

[10:41] {tomg} ty drys vad

[10:41] {Threei}  tom :)

[10:42] {KSystems} 2nd half was stopped b/e

[10:42] {Threei}  someone has early Alzheimer it seems

[10:42] {Threei}  :)

[10:42] {KSystems} :(

[10:42] {Threei}  too tight trailing, I suggested under .25

[10:42] {Threei}  ADBE over .90

[10:42] {Threei}  half out .92

[10:43] {Threei}  stop .79

[10:44] {Threei}  OK, over this one I am crying for real:

[10:44] {Threei}  thought of alert long CTDC 2.85

[10:45] {Threei}  and decided against it, was so thin

[10:48] {Threei}  PLD, I want 14.60 break tom

[10:48] {Threei}  but it's a bit too far from there

[10:48] {Onix} aaahhh!

[10:48] {tomg} ty

[10:48] {Threei}  not sure how to straucture it

[10:49] {Threei}  ADBE stop to .84

[10:50] {Threei}  not willing to give anything back

[10:51] {magoo} booted out there

[10:53] {dino} eqix pop

[10:56] {dino} kb sm s .74, stop .13

[10:58] {geo} .

[11:00] {Threei}  out balance ADBE

[11:01] {Threei}  YHOO

[11:01] {Threei}  HEARING STRENGTH ATTRIBUTED TO TAKEOVER CHATTER

[11:01] {Threei}  lol

[11:01] {geo} that porridge is cold

[11:05] {geo} hmmm

[11:07] {Threei}  PRESIDENT ELECT OBAMA: EXPECTS A "SOBERING" JOBS REPORT THIS WEEK

[11:07] {Threei}  - Note that current expectations are for a loss of around 500K jobs.

[11:07] {Threei}  sobering?

[11:08] {geo} polite for panicwothy

[11:08] {geo} panicworthy

[11:08] {Threei}  as if we were merrily drunk about state of economy

[11:08] {dino} algt

[11:09] {Threei}  discretionary one:

[11:09] {Threei} Long Setup:  DRYS  .70 break if stays above .60

[11:10] {Threei}  kind of 50/50

[11:11] {Threei}  small stop and strength of stock make it worth a try - only if you are fine with equal odds of taking stop and making money on this one

[11:14] {Threei}  this consolidation feels to me like a forecast of explosion coming

[11:14] {Threei}  if my gut feeling is right 14 and above

[11:14] {Threei}  I mean seriously above

[11:15] {magoo} need dino gut confirmation

[11:15] {Chaeron} good morning all and stop talking about guts... we all need to lose that holiday weight, ok??

[11:16] {magoo} in btw

[11:16] {KSystems} got .72

[11:16] {Threei}  Chaeron :)

[11:16] {KSystems} small shares

[11:16] {magoo} chachachachaer

[11:16] {Larisa1} hi Chaeron :)

[11:16] {geo} hey chaer... sensitive arent we?

[11:16] {Chaeron} poke me in my gut and see how sensitive I am geo :)

[11:16] {Threei}  you would be too if you missed such morning as we had

[11:16] {geo} gross

[11:17] {Chaeron} hi everyone...

[11:17] {magoo} nice humility vad :)

[11:17] {Threei}  always

[11:17] {geo} he has the money to prove it

[11:17] {geo} lol

[11:17] {Chaeron} well, I'm in DRYS so make it up to me Vadster

[11:17] {magoo} read RIMM vad?

[11:17] {KSystems} drys stop...below 60?

[11:17] {geo} in drys .71

[11:17] {Threei}  yes

[11:17] {Threei}  none at this point magoo

[11:18] {dino} rcrc stopped -.38 slipped

[11:18] {Threei}  if drops into 43, I'll be interested

[11:20] {lisa_jay} .

[11:22] {Threei}  stopped

[11:23] {wishbone} blaaah stopped drys

[11:23] {geo} su

[11:24] {magoo} just when i was warming up to DRYS

[11:24] {geo} lol

[11:24] {geo} you still have a bone to pick with DRYS magoo?

[11:24] {Threei}  sheesh... thing made us pile of money, and you get upset over 15 cents stop??

[11:25] {magoo} its like when u havent seen someone u dislike in awhile...go out for beers and realize why u hate them lol

[11:25] {geo} lol

[11:25] {wishbone} lol

[11:25] {Threei}  {--- never goes for beer with magoo

[11:28] {dino} sm l algt, .60 forgot order

[11:29] {dino} kb stop to .34

[11:30] {dino} cov kb reverse slip .33, +.41

[11:32] {dino} out algt .00, +.40

[11:32] {Threei}  wtg

[11:32] {dino} ty

[11:32] {dino} just scalping around

[11:33] {Threei}  going to try DRYS .50 break

[11:33] {Threei}  again, highly discretionary

[11:33] {dino} rcrc broken

[11:34] {Threei}  as with last one, don't do it if not fine with 50/50

[11:34] {dino} micc strong

[11:34] {geo} missed

[11:35] {geo} man i feel rusty..... n just 10 days

[11:35] {dino} vz lod

[11:36] {Threei}  half out

[11:40] {Threei} Long Setup:  NFLX  31 nreak half lot

[11:40] {Threei}  stop under .85

[11:41] {KSystems} in

[11:42] {geo} in .0050 hmmmm

[11:44] {Threei}  CASINO STOCKS STRENGTH ATTRIBUTED TO DEUTSCHE BANK ANALYST NOTE SUGGESTED BOOKINGS IN LAS VEGAS WERE STRONGER THAN EXPECTED FOR THE NEW YEAR HOLIDAY

[11:44] {Threei}  {LVS}

[11:46] {Threei}  nice move LVS

[11:47] {geo} hmm my INET got stuck in NFLX for a sec

[11:47] {geo} wierd

[11:49] {geo} vad... whats you bod?

[11:49] {geo} shesh

[11:49] {geo} bid

[11:49] {Threei}  .88

[11:49] {geo} ok TY

[11:49] {Threei}  out

[11:49] {geo} out

[11:49] {KSystems} out

[11:50] {Threei}  OK, looks like easy money is made for now

[11:50] {geo} su unstoppable

[11:51] {geo} hi patience you there?

[11:51] {patience} yup, just kicking my self

[11:52] {geo} what were the gold stocks.... whose options you trade?

[11:52] {geo} :)

[11:52] {patience} mostly goldcorp right now

[11:52] {geo} call put buying or spreads?

[11:52] {patience} call put

[11:52] {geo} in the money with delta .8? or OTM?

[11:53] {geo} if you dont mind......

[11:53] {Threei}  I am not studying one more language... English was enough

[11:53] {patience} geo, you are totally out of my knowledge base...i just scalp them

[11:53] {geo} i used to trade options 5 yrs ago.....

[11:53] {patience} and your opinion of options is?

[11:54] {geo} scalp.... whaich strike price month?

[11:54] {peterg} hello all, late start today back in frozen land

[11:54] {Threei}  welcome back peter

[11:54] {geo} hey peter

[11:54] {geo} my opinion is vads 1:10 has nullified a lot of leverage advantage of options

[11:54] {patience} was in april, july is more my comfort zone now

[11:55] {Threei}  {--- always appreciates July, especially in th dead of the winter

[11:55] {geo} ahh so you hold..... in the money or out of money? 

[11:55] {geo} pm patience? please?

[11:55] {patience} usually buy just out of the money

[11:55] {geo} whenever you have time

[11:55] {patience} sure

[11:55] {patience} now works, i'm just sulking over my agrium trade

[11:55] {geo} lol

[11:56] {dino} ottr

[11:57] {Threei}  HEARING DOWNGRADED AT DA DAVIDSON (TIMING UNCERTAIN)

[11:58] {dino} ottr?

[11:58] {Threei}  yup

[11:58] {dino} ty

[12:00] {dino} pcln smack

[12:04] {Threei}  NSTR, what do I miss

[12:04] {dino} algt held up better on that mkt drop

[12:04] {Threei}  got halted, announced liquidation, opened up?

06[12:13] * laserdave1 slaps Threei around a bit with a large book of Techniques of Tape Reading

[12:13] {dptl} lol

06[12:13] * laserdave1 slaps Threei around a bit with a large magoo

06[12:14] * magoo slaps laserdave1 around a bit with a large big happy new year to ya buddy

[12:14] {laserdave1} u2 my friend   :)

[12:14] {Threei}  that's what I call dramatic entrance

[12:15] {laserdave1} Happy New Year to everyone!!!!!!

[12:15] {geo} hey dave... happy new year

[12:15] {laserdave1} And hey Merry Christmas everyone!!!!!!!

[12:15] {KSystems} happy new year dave!

[12:15] {laserdave1} ty

[12:16] {magoo} nice to see u dave, been awhile:)

[12:17] {laserdave1} i have been lurking around

[12:19] {Threei}  out second half DRYS

[12:19] {Threei}  +.18

06[12:19] * Threei slaps magoo around a bit with a large reminder that personal unpleasantness of some stocks is not a reason not to profit from them

[12:23] {dino} vz sm l .25, stop .96

[12:27] {dino} ottr sm l .80 gappy one

[12:29] {magoo} FSLR just nuts...up 13 friday..9 today

[12:30] {dino} or is it

[12:32] {dino} es, bottom on rcrc?

[12:36] {dino} ottr stop to flat mkt drop

[12:40] {dino} out ottr .90, +.10

[12:50] {Threei}  DRYS is back to high again

[12:53] {ese} first day back at school...see ya tomorow

[12:54] {Threei}  take care ese

[12:54] {magoo} boy he exits fast

[12:58] {patience} is the market even breathing?  is everybody asleep?

[12:59] {Threei}  no and yes

[12:59] {Threei}  SCO

[12:59] {Threei}  dino, could be your client

[13:07] {dino} client, lol

[13:08] {Threei}  :)

[13:09] {Threei}  TM

[13:09] {Threei}  REPORTS DEC US SALES -37%

[13:09] {dino} and asks us for $$$$$$$, :)

[13:10] {Threei}  lol

[13:11] {Chaeron} if anyone wakes up Dave, tell him to see his DCC... I have to go everyone... see you tomorrow. Thanks Threei, all

[13:12] {Threei}  take care chaeron

[13:14] {i2romantis} anyone watching rc2 by any chance?

[13:15] {Threei}  tell us what that is first

[13:15] {i2romantis} rcrc

[13:15] {Threei}  lol

[13:15] {i2romantis} dropped $2 today

[13:16] {Threei}  and doesn't look like done dropping

[13:16] {i2romantis} k

[13:17] {Threei}  believe it or not CTDC makes new highs...

[13:18] {patience} vad, if you still have that 2 x 4 around, agrium needs some momo please

[13:19] {Threei}  can we pick something faster? :)

[13:19] {Threei}  AG trades by appointment

[13:19] {patience} today it does, the sod

[13:19] {Threei}  yeah

[13:20] {Threei}  CTDC is going to bust through .80

[13:22] {dino} rcrc yes i2

[13:23] {KSystems} drys at hod *sigh*

[13:26] {patience} ty vad, nice buying now in agrium

06[13:26] * Threei drops 2x4 on the ground, wipes sweat

[13:26] {magoo} read RIMM vads?

[13:27] {Threei}  break, if holding above .30...

[13:29] {Threei}  DRYS should go over 14 with any market help

[13:30] {patience} out agu +.60    what a dumb trade

[13:31] {magoo} but will 14 launch it?

[13:40] {Threei}  if it consolidates here while market is retreating and breaks with market bounces, most likely yes

[13:40] {Threei}  NSANY

[13:40] {Threei}  REPORTS NORTH AMERICAN DEC VEHICLE SALES AT 62,100 -30.7% Y/Y

[13:45] {Threei}  GM

[13:45] {Threei}  REPORTS DEC VEHICLE SALES -31% V -41%E

[13:47] {Threei}  anone took it?

[13:47] {dptl} drys?

[13:47] {Threei}  yeah

[13:47] {dptl} me .00

[13:47] {Threei}  half out yet?

[13:47] {dptl} out +.15 ty

[13:47] {Threei}  :)

[13:49] {dino} gj

[13:49] {dptl} ty

[13:57] {dino} sm l ottr .80

[13:57] {dino} sm l rcrc .95

[14:07] {lisa_jay} .

[14:07] {Threei}  why did I listen to magoo and ignored GERN

[14:08] {i2romantis} what is "sm l", if I may ask?

[14:08] {Threei}  small

[14:08] {dino} no....lol

[14:08] {dino} sm-small size=300

[14:09] {Threei}  l = long

[14:09] {dino} l=long

[14:09] {i2romantis} oh ok thx :)

[14:09] {dino} s=short

[14:09] {i2romantis} so with 300 shares it's worth getting in?

[14:10] {dino} imo 

[14:10] {Threei}  dino usually plays for bigger moves than we do on average

[14:10] {i2romantis} I'm trying to figure this all out and the position sizing, so don't mind me asking, I'm still a newbie :)

[14:11] {dino} but rcrc stop is .78 because somethings' up

[14:11] {i2romantis} ok

[14:11] {dino} np, but understand i trade my own thoughts mostly. just throwing them out there

[14:12] {Threei}  also, unlike most of us dino does have thoughts

[14:12] {i2romantis} understood

[14:12] {i2romantis} :)

[14:12] {dino} my bread and butter are capitu;ation and euphoria plays

[14:12] {Threei}  as far as I am concerned, thinking is strictly prohibited

[14:12] {i2romantis} that's actually what I do mostly as well

[14:12] {i2romantis} capitulation most of the time

[14:13] {i2romantis} ic

[14:14] {dino} i like to get .40+ out of those

[14:14] {Threei}  and I've been told my "thinking face expression" is no different from toothache one

[14:14] {i2romantis} ic

[14:15] {dino} rcrc stopped

[14:15] {dino} 0for2 on it, off my screen

[14:27] {wishbone} djqreth

[14:30] {Threei}  this is family room wish

[14:31] {wishbone} oh sorry...dang kitty cat! :)

[14:31] {Threei}  lol

[14:33] {Threei}  14 break is valid setup on DRYS

[14:33] {Threei}  if holding above 13.90

[14:33] {Threei}  market is nervous

[14:33] {Threei}  hard to tell the odds

[14:34] {magoo} drys likes to pullk too

[14:34] {Geo} pullback? puke?

[14:35] {Geo} i guess puke it is

[14:35] {Threei}  pull back, but after magoo takes it out for beer all bets are off

[14:35] {Threei}  that's more interesting

[14:36] {Threei}  .60 zone is better support

[14:36] {dino} classic 2:00 drop

[14:39] {dino} dspg, ensg spikes

[14:46] {Threei}  wow

[14:46] {Threei}  we are dropping sharply why?

[14:47] {Onix} Cramer on CNBC?

[14:48] {wishbone} lol

[14:54] {Threei}  DRYS half lot ready to jump for a scalp

[14:55] {Threei}  in .55

[14:55] {magoo} shit .61

[14:55] {Threei}  out .66

06[14:56] * magoo slaps Threei around a bit with a large gggggggggggrrrrrrrrrrrrrrrrrrrrr

[14:56] {Threei}  sheesh... he is in the money and unhappy

[14:57] {Threei}  can I win at all?

[14:57] {Threei}  there

[14:57] {wishbone} laserdave DCC please

[14:57] {Threei}  1:1 even with your entry

[14:58] {magoo} out .74

[14:58] {Threei}  magoo the capricious

[14:58] {magoo} u were getting out where i was getting in

[14:58] {magoo} hence..grrrr

[14:59] {Threei}  so how is it my fault?

[14:59] {dino}  it just is vad, accept it

[14:59] {Threei}  solid reliable call, it went over 10 cents more even after your exit

[14:59] {Threei}  yeah dino

[14:59] {Threei}  my destiny

[15:00] {Threei}  abuse I take

06[15:00] * Threei removes himself to remote corner and stands facing the wall

[15:01] {wishbone} time out for Vad?

[15:01] {dino} lol

[15:02] {Threei}  shhh wish, this is how I get my smoking recess without telling anyone :)

[15:03] {patience} hey vad, my daughter bought cigarettes at organic health food store yesterday, you want me to get you some?

[15:03] {Threei}  CHRYSLER REPORTS US DEC SALES -53% Y/Y

[15:03] {Threei}  - Reports full-year sales -30% y/y

[15:03] {Threei}  hmmm... why?

[15:03] {Threei}  are they healthy?

[15:03] {patience} 3 bucks a pack

[15:04] {Threei}  that's cheap... question is, are they inhalable? :)

[15:04] {patience} don't know...they look like regular cigarettes...probably inhaling lemon balm or something

[15:04] {wishbone} ther's an oxymoron: ciggies at ahealth food store

[15:05] {patience} no kidding

[15:05] {patience} at the Lifestyle market wishbone

[15:05] {wishbone} do they have mint flavor?

[15:05] {Geo} lifystyle market.... apt name

[15:05] {wishbone} i'm gonna check that out....:)

[15:06] {Larisa1} do they sell cookies that make you lose weight too ?

[15:07] {dino} you guys smoke too much

[15:07] {KSystems} lol

[15:07] {KSystems} No, Larisa, but they have chocolate that does

[15:07] {wishbone} not professionally....just part time

[15:07] {Geo} smoke too much dino?

[15:08] {Larisa1} that will work KS, do not even want to know what its made off though :)

[15:08] {Geo} i thought one cig was too much......

06[15:08] * Geo is california healthy

[15:09] {Geo} man.... not even one trout..... what has the world come too

[15:09] {dino} it is geo, no cigs for me

[15:09] {Geo} only beer and red meat !!!!!

[15:09] {dino} indeed

[15:09] {wishbone} lol

[15:09] {Geo} i have a 2 vice only rule

[15:10] {hawkfan4} I'm Chicago healthy, ie, i can chew tobacco while eating a polish sausage

[15:10] {dino} you forgot the vodka and tequilla

[15:10] {Geo} as somene said....... if you give stuff up its not like you live longer......

[15:10] {Geo} IT just feels longer !!

[15:10] {dino} lol

[15:11] {wishbone} lol...hawk

[15:11] {Threei}  hawk, where have you been? :)

[15:11] {hawkfan4} :)

[15:11] {Geo} hiya hawk

[15:11] {Threei}  AAPL

[15:11] {Threei}  SPOKESMAN: COMPANY HAS A CEO SUCCESSION PLAN; NOTES THE PLAN IS CONFIDENTIAL

[15:12] {hawkfan4} took a little time off, was helping out my dad.  It's been nice but i'm ready to get back to it

[15:12] {Threei}  :)

[15:12] {dino} giddy-up hawk

[15:13] {dino} in my cramer voice

[15:13] {hawkfan4} hey Geo, dino, and all :)

[15:13] {Threei}  DRYS will be ready again soon

[15:14] {hawkfan4} cool, cuz i want to test this Laser out finally

[15:22] {patience} here is an explanation supposedly for oil and gold moves  http://jessescrossroadscafe.blogspot.com/2009/01/jp-morgans-forecast-of-commodity-price.html

[15:24] {dino} ottr stopped -.33

[15:24] {Threei}  in half lot

[15:25] {Threei}  could take a few tries

[15:25] {Threei}  stop under .35

[15:27] {i2romantis} can I ask, what software/brokerage is everyone using? I am open to trying different ones, as I'm having a few restrictions on the platform with TD active trader plus platform that I don't see in others, and I feel ready to explore others

[15:28] {Threei}  http://www.realitytrader.com/laser.html

[15:29] {Threei}  DRYS can't make up its mind

[15:30] {Threei}  takes too long for my taste

[15:30] {Threei}  stop to under .40

[15:30] {Threei}  better hunt for reentry

[15:31] {Threei}  out

[15:31] {wishbone} out drys

[15:33] {Threei}  .30 break if stays above .25

[15:33] {dino} cpla sm l .00

[15:33] {dino} thin one

[15:34] {Threei}  half out .40

[15:35] {Threei}  or grab scalp and let it be

[15:35] {Threei}  matter of taste

[15:36] {Threei}  out balance.47

[15:37] {Threei}  tightening stop and getting lower entry was right idea

[15:37] {dino} bounce time

[15:37] {patience} as usual

[15:38] {Threei}  wow

[15:38] {Threei}  that was case of out too soon

[15:39] {dptl} have a good evening all

[15:39] {KSystems} bye dp

[15:39] {Threei}  take care dp

[15:39] {wishbone} cya dp

[15:40] {Threei}  seriously... why did I sell it right before "dino's bounce"?

[15:41] {Threei}  40 cents move

[15:41] {dino} sqnm strong

06[15:41] * dino slaps Threei around a bit with a large trout

[15:41] {dino} 2-2:15 drops, 3:35-40 bounces

[15:54] {dino} .

[15:56] {Threei}  gotta remember dino's bounce from now on

[15:56] {Threei}  50 cents

[15:58] {Threei}  okay guys, thank you all

[15:58] {patience} in Teck Cominco

[15:58] {Threei}  very nice day all in all

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {patience} overnight hold

[15:58] {patience} thanks vad

[15:58] {KSystems} you too, bye!

[15:58] {Larisa1} bye all

[15:58] {dino} out vz .40, +.15

[15:59] {dino} out cpla .25, +.25

[16:00] {wishbone} good nite all

[16:00] {dino} thx all

January 2, 2009

Perfect start of a new year. Noticeably more active trading, more trades, nice win ratio as well. Let's consider it a sign of things to come.

[08:32] {Threei}  Good morning

[08:33] {i2romantis} morning to all

[08:33] {Threei}  i2r :)

[08:33] {Threei}  impressive gap DRYS

[08:33] {Threei}  especially consiering this:

[08:33] {Threei}  08:03am Dry Bulk Index falls 0.1% (sixth straight decline)

[08:34] {Threei}  CNBC'S MONEY MANAGER SURVEY FOR 2009, 69% OF THOSE SURVEYED SEE APPROX 10% OR MORE POSITIVE GAIN IN S&P 500

[08:34] {Threei}  - 53% of those polled remain bullish on Obama

[08:34] {Threei}  - Give Bernanke a 'B' rating

[08:34] {Threei}  - 56% of those polled see oil in $50-$75 level

[08:34] {Threei}  - Analysts polled expected to see a 1.2% drop in Q4 earnings and a 9.5% drop in Q1 09 earnings

[08:34] {lisa_jay} HI Vad..you still have a position from Wed right? in Drys.

[08:34] {Threei}  no

[08:35] {Threei}  unforunately

[08:35] {Threei}  lol

[08:47] {lisa_jay} hope at least Magoo has one.

[08:51] {Onix} Good morning everybody

[08:52] {Threei}  onix :)

[08:54] {lisa_jay} hi onix

[08:55] {Threei}  GAZP.RU: UKRAINE DECLINING MORE NEGOTIATIONS - CO. SPOKESPERSON

[09:01] {KSystems} Good morning!!

[09:01] {Threei}  KS :)

[09:02] {Onix} hi KS

[09:03] {KSystems} hey Vad, Onix

[09:06] {Larisa1} good morning :)                                                          [09:06] {cosmo} so far

[09:06] {Larisa1} hi cosmo :)

[09:07] {cosmo} brave new year, ya know ... :)

[09:07] {Threei}  Larisa, cosmo :)

[09:07] {cosmo} 3i:)

[09:07] {Larisa1} threei :)

[09:09] {Threei}  Butchart gardens Christmas lights are always magic display, but this year it was as I've never seen it, with some snow on the ground still

[09:10] {Threei}  I'll post photos in a few days, you won't believe it

[09:10] {cosmo} real snow?

[09:10] {Threei}  yes, lol

[09:10] {cosmo} :)

[09:11] {Raven}  Good morning ... and YUK on that snow :)

[09:11] {cosmo} DRYS hold 11.25   so far

[09:11] {Onix} hi Raven

[09:11] {Threei}  Raven :)

[09:11] {Raven}  O, T :)

[09:11] {Larisa1} morning Raven, onix :)

[09:11] {Raven}  L:)

[09:11] {Threei}  I am right there with you on YUCK on snow but in this case I appreciated rare imagery

[09:11] {Larisa1} THAT lazy ? :)

[09:12] {Onix} hi Larisa

[09:12] {Raven}  YUCK or YUK ?

[09:12] {cosmo} do you take along a baggy to pick it up?

[09:13] {Threei}  pick what?

[09:13] {cosmo} the yuk

[09:13] {Raven}  my cats take care of that issue themselves

[09:13] {Threei}  I am confused but that's my normal state

[09:13] {dptl} good morning all

[09:13] {cosmo} sorry....i'll focus

[09:13] {Threei}  dp :)

[09:14] {Raven}  focus is good

[09:14] {Onix} hi dptl

[09:15] {Raven}  dp:)

[09:15] {dptl} :)

[09:16] {dino} gm all                                                                              [09:16] {Threei}  dino :)

[09:17] {Raven}  d:)

[09:17] {dino} :) r

[09:17] {ese} god morning....

[09:17] {Threei}  ese :)

[09:17] {cosmo} i'll say

[09:18] {Threei}  lol

[09:18] {Onix} hi ese :)

[09:18] {ese} onix

[09:22] {gen} hello everybody :)

[09:23] {Threei}  gen :)

[09:23] {cosmo} DRYS tests pre mkt highs

[09:23] {Threei}  DRYS and EGLE look like potential plays so far

[09:23] {gen} Vad :)

[09:24] {Threei}  one more to keep an eye on:

[09:24] {Threei}  01/02/09 06:43am

[09:24] {Threei}  [CTDC] China Technology Dev Announces new JV with QNE to build 30MW solar power station in Qaidam Basin - filing

[09:24] {Threei}  - Have signed an agreement with local government of Qinghai Haixi Mongolian-Tibetan Autonomous Region to build a 30MW on-grid solar power station in Qaidam Basin of northwestern China.

[09:24] {Threei}  - Company is a provider of solar energy products and solutions in China focusing on a-Si thin film technology

[09:24] {Threei}  this is one of those that either fizzle out or become a big runner

[09:25] {Onix} hi gen

[09:26] {Threei}  broke resistance at 2 on Wed, topped out at 2.30 before dropping back into new support where it finished the day

[09:26] {gen} hi Onix

[09:26] {Threei}  if it gets good volume and momentum, 2.30 will be interim resistance, and then next, more important one is 2.50

[09:27] {Threei}  don't be in a hurry on this one, let's see first whether it gets real interest, not just daytraders scalping each other

[09:31] {Threei}  DRYS, drop into 11.20 is certainly of interest,

[09:31] {Threei}  and if not, .75 is risky long trigger

[09:31] {Threei}  aww, broke while I ytped

[09:31] {dino} utek

[09:32] {Threei}  don't chase

[09:32] {Threei}  11.50 - 11.60 zone is nearest support now

[09:33] {Threei}  EGLE half lot long

[09:33] {Threei}  great, this one upticked too before I could type the price

[09:35] {Threei}  try to bid it 7.30 - 7.35

[09:36] {Threei}  and DRYS around 11.90

[09:37] {Threei}  half lot as well

[09:37] {lisa_jay} still ok to bid egle

[09:37] {Threei}  yes

[09:37] {Threei}  UAUA

[09:37] {Threei}  .35 long

[09:37] {Threei}  half lot

[09:38] {Threei}  stop under .20

[09:39] {lisa_jay} in uaua

[09:40] {lisa_jay} sigh stopped (or rinsed) in uaua

[09:40] {Threei}  that was quick teleportation... we don't sell into those, remember?

[09:41] {ese} long DRYS .25

[09:42] {dino} hot sm s .50, stop hod

[09:44] {magoo} drys is gouing fr 13 imo

[09:44] {ese} DRYS stop to break even

[09:44] {ese} .25

[09:46] {Threei}  egle

[09:46] {Threei}  brewaks instead of pulling back

[09:47] {Threei}  UAUA 1:1

[09:47] {Threei}  half out or scalp

[09:47] {lisa_jay} :-(

[09:47] {lisa_jay} sob.

[09:47] {Threei}  if half, trail stop under .30

[09:48] {Threei}  offer balance above .60

[09:49] {ese} out DRYS .48 +.23 full lot

[09:49] {Onix} gj

[09:50] {ese} tks

[09:50] {dino} gj

[09:50] {Threei}  finally decent pullback DRYS

[09:50] {Threei}  should drop to about 12.20

[09:51] {Threei}  prepare half lot entry with 12.25 limit

[09:52] {Threei}  in

[09:52] {KSystems} in

[09:52] {lisa_jay} in

[09:52] {Threei}  stop under 12.10

[09:52] {lisa_jay} stop?

[09:53] {Threei}  market is still downticking

[09:54] {Threei}  Qs should start bounce now

[09:55] {dino} hot stopped -.27

[09:56] {Threei}  no worky DRYS

[09:57] {Threei}  right on que Qs bounce but DRYS needs a bit more selling

[09:57] {lisa_jay} stopped

[09:58] {Threei}  shakeout

[09:58] {Threei}  oh well

[10:00] {Onix} ty Vad, i got some $$ in EGLE, UAUA & DRYS

[10:00] {Threei}  *DEC ISM MANUFACTURING INDEX: 32.4 V 35.4E; PRICES PAID: 18 V 20.0E

[10:00] {lisa_jay} Nice Onix.

[10:00] {Onix} ty

[10:01] {Threei}  take 2 on DRYS: .30 long if stays above .20

[10:01] {Threei}  half lot

[10:01] {magoo} in agg

[10:03] {Threei} Long Setup:  SLW  .56

[10:03] {Threei}  slow one

[10:03] {Threei}  stop for hard core scalpers under .50

[10:03] {Threei}  for day trade under .45

[10:04] {KSystems} egle buy .30 still valid, Vad?

[10:05] {Threei}  half lot, yes

[10:05] {KSystems} stop {.10 ?

[10:06] {magoo} is it still following DRYS vad?

[10:06] {Threei}  on and off

[10:06] {Threei}  generally yes but not on tick by tick basis

[10:08] {dino} hot last try sm s .35, stop hod

[10:09] {Threei}  scalpers have 1:1 on SLW

[10:09] {cosmo} apwr

[10:10] {Onix} ty Vad, 1/2 out .64 SLW

[10:10] {Threei}  daytraders have 1:1 on SLW

[10:10] {Threei}  on EGLE I'd keep stop under .20

[10:10] {Threei}  don't want to get stuck in tired trade

[10:11] {KSystems} thx

[10:11] {lisa_jay} Thanks vad, got 10c in SLW.

[10:11] {Threei}  :)

[10:11] {Threei}  over 1:1 EGLE

[10:12] {Threei}  beautiful SLW

[10:12] {Threei}  start feeding the balance in portions intho these spikes

[10:13] {Threei}  1/4 more out .73

[10:14] {Onix} i took my 2nd 1/4 early on .67

[10:14] {Threei}  offer balance .81 - .83

[10:15] {Threei}  if you partial EGLE, try offer above .50

[10:15] {Threei}  should break it and jump

[10:15] {Threei}  stop under .30 now of course

[10:15] {Onix} you maybe see $7 for SLW today?

[10:16] {Threei}  DRYS .30 is valid again

[10:16] {KSystems} half?

[10:16] {Threei}  yeah

[10:16] {KSystems} in

[10:16] {Threei}  stop under .20 for scalpers, under .15 for sane traders

[10:17] {ese} long DRYS .34 lousy fill...wanted .29

[10:17] {magoo} hows volume so far anyone??

[10:17] {dino} hot stopped done w/it too strong

[10:17] {Threei}  don't know on SLW onix... I am not guessing that far on this one

[10:18] {Onix} tkx

[10:20] {Threei}  stop to under .70 or .65 SLW

[10:20] {Threei}  mine is under .70

[10:21] {ese} if DRYS gets through .50 this time...13 is real possibility imo

[10:22] {Threei}  DRYS 1:1, half out

[10:22] {Threei}  yes, want to try and hold second half for break

[10:22] {Threei}  scalpers know what to do

[10:23] {Threei}  pssst SLW... break that .80, I am waiting for you just couple cents above

[10:25] {Threei}  second part DRYS stopped

[10:25] {Threei}  scalping rules in the world of shakeouts

[10:28] {ese} if QQQQ's get by .30 DRYS will be OK if not i'm out

[10:28] {ese} that crappy fill is buging me just a little

[10:29] {lisa_jay} ese are you using Laser?

[10:29] {ese} not yet but the  plan is too

[10:30] {lisa_jay} Ok, thanks.

[10:31] {Onix} i used to be with QT as well ese, and find Laser way better

[10:31] {Threei} Long Setup:  HIG  .40 if stays above .25

[10:35] {Threei}  here is .50 break on EGLE

[10:35] {Threei}  out in full .55

[10:36] {Threei}  1:1 HIG

[10:36] {Threei}  half or scalp, your choice

[10:36] {dptl} ty   hig

[10:36] {Threei}  sure thing

[10:36] {Threei}  SLW, enough thinking

[10:36] {Threei}  move your behind

[10:36] {ese} come on DRYS.....get the%$#$ going

[10:36] {Onix} ty Vad, i took quick scalp of 14c in HIG

[10:37] {Threei}  :)

[10:37] {dptl} oh and ty for slw

[10:37] {Threei}  welcome

[10:39] {lisa_jay} Thanks Vad, took 8c in HIG.

[10:39] {Onix} any read on SNDK please Vad?

[10:39] {Threei}  if it gets closer to .50 I'd look for bounce sdcalp onix

[10:39] {Onix} tkx

[10:40] {magoo} crying here

[10:40] {magoo} i scalped 2k Q out 29.99

[10:41] {magoo} i took wqhen u called q bouince time vad

[10:42] {Onix} great job!

[10:42] {Threei}  good boy SLW

[10:42] {Threei}  full out

[10:42] {Onix} gj

[10:43] {ese} i'm out of DRYS   -.03

[10:43] {magoo} anywho...good Q call vad..TY

[10:43] {Threei}  welcome

[10:43] {Threei}  very nice strong steady move so far in the market

[10:43] {Threei}  nice to see

[10:43] {Threei}  I am not ready to trust it today to the degree of buy and hold,

[10:44] {Threei}  it's just a Friday between holiday and weekend

[10:44] {Threei}  but it's indicative of what we can expect

[10:45] {Onix} hope springs eternally                                                   [10:55] {dino} sm l optr .09, stop lod

[10:55] {Threei}  DRYS is trying

[10:56] {dino} sm s wlt .46

[10:57] {Threei}  if you feel like cowboy

[10:58] {Threei}  .50 meltdown is DRYS's springboard

[10:58] {Threei}  risky as

[10:58] {Threei}  ummm

[10:58] {Threei}  taking beer from magoo

[10:59] {dino} you must distract him

[11:00] {magoo} in .50

[11:01] {Threei}  offer half above .60

[11:03] {Threei}  1/4 above .70

[11:03] {Threei}  then close your eyes and pray

[11:04] {Threei}  while offering last portion above .90

[11:05] {Larisa1} praying is daytrading tool too ? :)

[11:05] {Threei}  with momo runner, certainly

[11:06] {Threei}  second target is reached

[11:07] {magoo} yup

[11:07] {Threei}  now let's see the power of that tool

[11:08] {Threei}  anyone else took this one? or magoo's hunger for adrenalin is unique?

[11:09] {KSystems} i didnt

[11:10] {magoo} vad, find  my earlier call on it please

[11:11] {Threei}  can I finish the trade first?

[11:11] {magoo} yup..of course                                                                [11:22] {ese} Long NIHD 3/4 .95   same apttern as the one dp and i were in yesterday

[11:24] {ese} need to use proper term...."SETUP"....there

[11:25] {dino} amag sm l .31

[11:28] {Threei}  oh come on already DRYS

[11:35] {Threei}  anyway...

[11:35] {Threei}  [09:44] {magoo} drys is gouing fr 13 imo

[11:38] {lisa_jay} .

[11:38] {ese} out NIHD .04 +.10

[11:39] {lisa_jay} Nice Ese.

[11:39] {ese} tks

[11:39] {lisa_jay} Vad, when things get a little slow, DCC please.  Thanks.

[11:40] {Threei}  they are slow :)

[11:46] {Onix} Vad, what settings do you use on your Bollinger Bands please?

[11:47] {Threei}  13

[11:47] {Threei}  and 1.7

[11:47] {ese} long HERO .03 full lot ....risky

[11:48] {Onix} ty

[11:56] {magoo} am i here?

[11:57] {Threei}  nash

[11:57] {Threei}  nah

[11:58] {magoo} nash bridges?

[12:00] {dino} denny crane

[12:01] {magoo} sonny crocket

[12:11] {magoo} then u say capt kirk

[12:16] {dino} captain pike

[12:19] {magoo} u are flunking the IQ test here dino

[12:20] {magoo} see...sonny and nash are played by don johnson

[12:20] {magoo} kirk and denny are played ny will shatner

[12:24] {dino} lol

[12:28] {wishbone} Russia's Gazprom accuses Ukraine of 'stealing' gas: reports 

[12:30] {Threei}  Ukraine accuses Gazprom of vague definition of the word "stealing"

[12:30] {wishbone} russia and ukraine not get along Vad?

[12:31] {Threei}  not really

[12:31] {wishbone} russia shot off gas supply to Ukraine yesterday?

[12:31] {Threei}  then again... try to list the states Russia does get along with

[12:31] {wishbone} lol

[12:31] {Threei}  going to be fairly short list :)

[12:37] {dino} vad, y9ou ever see "enemy at the gate"? good flick

[12:38] {Threei}  no... was going to but somehow never got around

[12:38] {dino} you'd like it

[12:39] {Threei}  ty, will do

[12:39] {dino} some historical stuff in it

[12:39] {Threei}  it's Stalingrad story, right?

[12:40] {wishbone} dino my brother was talking about that movie the other day...says it's awesome

[12:40] {dino} it is. 

[12:40] {wishbone} true story....apparently the rifle is on display in museum....

[12:41] {Larisa1} true "Hollywood" story :)  Jude law is sexy though :)

[12:41] {dino} lol

[12:42] {wishbone} lol

[12:43] {magoo} great war movie

[12:46] {magoo} big scalpers regrett day for me

[12:47] {Threei}  on Qs?

[12:47] {magoo} yes and aapl ..exited 87.87

[12:47] {dino} quit whining

[12:47] {dino} the day is not over yet

[12:47] {Threei}  nor is year

[12:48] {magoo} been awhile since we had follow thru like this

[12:48] {dino} 8961 12/17 hod

[12:48] {dino} 9026 for dec.

[12:51] {Threei}  if Qs continue this upward march, RMBS is .95 break long

[12:52] {Threei}  if pullback is the scenario, then entry near .80 is the one to watch for

[13:12] {lisa_jay} in tmbs

[13:12] {lisa_jay} sorry In RMBS

[13:12] {Onix} in

[13:13] {Threei}  PLD activity

[13:13] {Threei}  pullback to .20 area would be ideal

[13:15] {lisa_jay} Vad, RMBS stop would be where.  Thanks.

[13:15] {Threei}  depends on your objective

[13:15] {Threei}  if go for a scalp, under .90

[13:15] {Threei}  if more, .80

[13:15] {lisa_jay} ok, thanks.

[13:16] {magoo} man..strong mkt today boss

[13:16] {Threei}  very

[13:18] {Threei}  if PLD never loses .30, then break of .40 becomes long trigger

[13:23] {KSystems} in pld

[13:23] {Threei}  new high NQ

[13:25] {lisa_jay} in pld

[13:26] {Threei}  PLD has 14.60 resistance from its recent run, nicely shaped ascending triangle

[13:26] {Threei}  if it moves, consider exiting half closer to that resistance and attempt to let the other half run

[13:27] {Threei}  market is fairly strong for this

[13:27] {lisa_jay} ok thanks

[13:27] {dptl} 14.60? i have 14.75 on daily

[13:28] {dptl} dec 26

[13:28] {Threei}  14.59 high on my chart

[13:28] {dptl} on 26?

[13:28] {Threei}  yeah

[13:29] {dptl} hmm .73 here

[13:29] {Threei}  anyone with another data to verify?

[13:30] {dino} amag stop to .92

[13:30] {lisa_jay} .73 here too

[13:30] {dino} out slip ave .87, +.56

[13:31] {Onix} well done dino!

[13:31] {Threei}  ty, don't know why my chart shows .59

[13:32] {dino} ty, took awhile

[13:32] {Chaeron} Happy New Year all

[13:32] {Threei}  Chaeron :)

[13:32] {Threei}  let's go NQ

[13:32] {lisa_jay} Hi Chaeron

[13:33] {Chaeron} Hi Lisa - hope you're doing well

[13:33] {lisa_jay} Yes.  And you.

[13:33] {Chaeron} great thanks. PLD still valid on 40 break?

[13:33] {Threei}  yup

[13:34] {Threei}  wow

[13:34] {Chaeron} I helped break it I think..... sorry... put it on my tab

[13:34] {Threei}  I didn't mean for you to buy all PLD there is

[13:35] {Threei}  but while you are at it, feel free to take that .45 offer as well

[13:36] {Chaeron} ok

[13:37] {Threei}  thank you, you are real friend

[13:37] {lisa_jay} lol

[13:38] {Chaeron} sure thing, my pleasure... exit?

[13:38] {Threei}  now, don't dump all your position for 5 cents profit please :)

[13:38] {Threei}  either scalp around .55 which is over 1:1... or half

[13:38] {KSystems} in fact, Vad's gonna tell you where and when to exit ;)

[13:38] {Threei}  hehe

[13:38] {Threei}  here is 1:1

[13:39] {Threei}  here is .55

[13:39] {lisa_jay} half out at .55 Thanks Vad.

[13:40] {Threei}  sure

[13:40] {Threei}  btw RMBS

[13:40] {Threei}  get up from your own behind

[13:40] {Threei}  and go

[13:41] {Threei}  RMBS solidly above 1:1

[13:41] {Threei}  nice to see them listening and obeying

[13:41] {Threei}  spiked right on demand

[13:41] {dino} cpla sm l .75

[13:41] {KSystems} Chaeron, you can stop buying now

[13:41] {Onix} lol

[13:41] {Threei}  you exited any of RMBS lisa?

[13:42] {Chaeron} :) 

[13:42] {Threei}  and Onix?

[13:42] {KSystems} rmbs waiting 1/2 at .10

[13:43] {Onix} i was too impatient, grabbed a few $ in both RMBS & PLD thanks Vad

[13:43] {Threei}  welcome

[13:43] {lisa_jay} yes vad.  Thanks half out.

[13:43] {Threei}  cool beans

[13:43] {Threei}  we ended last year well, and starting this one fairly nice

[13:44] {Threei}  if I dislocate my shoulder with all the patting myself on the back, you know why I stopped typing

[13:45] {KSystems} out half rmbs .10

[13:45] {KSystems} thank you

[13:45] {Threei}  welcome sir

[13:45] {dptl} ty for pld...                                                                        [13:46] {Threei}  :)

[13:47] {Threei}  look to dump the rest of RMBS into the next spike

[13:47] {Threei}  and stop is trailed of course

[13:47] {Threei}  which is routine, I don't even mention it unless there are some modifications to a particular case

[13:49] {Threei}  same for PLD naturally

[13:49] {dino} gold sm l .02

[13:49] {Chaeron} Thanks for PLD Vad - took .16 out of it... in .40 out .56

[13:49] {Onix} gj

[13:49] {Threei}  in full?

[13:49] {Chaeron} yes

[13:49] {Threei}  ok

[13:50] {Threei}  welcome, glad I helped start out your year

[13:50] {Chaeron} have to go soon

[13:50] {Threei}  that's fine, as soon as you leave we intend to start discussing of the degree of your adorability

[13:51] {Threei}  and dynamics of its change from year to year

[13:52] {Chaeron} gag

[13:52] {Chaeron} I am going to strive to be more like magoo in 09

[13:52] {Chaeron} being a nice guy hasn't gotten me anywhere :)

[13:52] * KSystems slaps laserdave1 around a bit with a large trout

[13:52] * Chaeron slaps laserdave1 around a bit with a large trout

[13:53] {laserdave1} that was fast

[13:53] {laserdave1} nice

[13:53] {lisa_jay} you are popular with us ladies Chaeorn.

[13:53] {Chaeron} I am?????

[13:54] {lisa_jay} yes!

[13:54] {Chaeron} *faint*

[13:55] {Threei}  yes chaeron... I can confirm, they all dcc me asking for your phone number

[13:56] {Threei}  I naturally ignore requests, pretending that I guard your privacy but actually just out of jealousy

[13:56] {Chaeron} you must be guarding it with your life or giving them the wrong number.......

[13:57] {Threei}  and there is a dark secret I wasn't going to let you in...

[13:57] {Threei}  but I feel very open today so here goes

[13:58] {Threei}  some of men do the same...

[13:58] {Threei}  (heavy duty log editining in order)

[13:59] {lisa_jay} Out all rmbs at .17

[13:59] {Chaeron} oh geeeesh

[14:00] {Threei}  I guess your adorability knows no borders...

[14:01] {wishbone} lol

[14:01] {lisa_jay} out all pld at .48

[14:02] {Onix} gj lisa

[14:03] {lisa_jay} thanks Onix...

[14:12] {Chaeron} bye everyone... have a great weekend

[14:13] {Threei}  take chaeron, you too :)

[14:13] {Threei}  take care

[14:14] {dino} sm l dxd .15

[14:23] {Threei}  ugh

[14:23] {Threei}  missed ADBE break

[14:23] {Threei}  was easy scalp

[14:23] {dino} outdxd -.25

[14:23] {dino} too soon

[14:24] {Threei}  not sure about this NQ spike though, not many stocks followed

[14:32] {KSystems} .

[14:33] {Threei}  US DOE WILL REPORTEDLY RESUME STRATEGIC PETROLEUM RESERVE PURCHASES, PLACE 12M BARRELS OF OIL IN RESERVE

[14:33] {Threei}  {USO OIH}

[14:41] {lisa_jay} .

[14:43] {Threei}  SEC REPORTEDLY INVESTIGATING MANAGER ASSOCIATED WITH $1B PONZI SCHEME - UNCONFIRMED REPORT

[14:43] {Threei}  Dow over 9000

[14:44] {Threei}  not bad climb for this half-holiday friday

[14:44] {KSystems} bears still at home today

[14:45] {Threei}  and bulls are running free

[14:45] {Threei}  free range bulls

[14:45] {patience} vad, is day a full day?

[14:45] {Threei}  yes

[14:45] {patience} ty

[14:46] {dptl} well it's a year of bull...isn't it

[14:47] {Larisa1} lol

[14:47] {dptl} :)

[15:12] {dptl} ok...have a good weekend all :)

[15:12] {Threei}  take care dp :)

[15:12] {Larisa1} bye dp

[15:13] {Threei}  PLD 

 [15:13] {Threei}  long on first sign of strength for a scalp

  [15:13] {Threei}  with stop under .20

[15:14] {magoo} in .27

  [15:14] {Threei}  good reflexes

[15:15] {Onix} in .31

  [15:16] {Threei}  just a scalp

  [15:17] {Threei}  me out

[15:17] {KSystems} took .28 to .38 thank you vad

  [15:17] {Threei}  :)

  [15:17] {Threei}  easy money

  [15:17] {Threei}  sin not to grab

[15:17] {magoo} out .43 TY nice one

  [15:18] {Threei}  I prefer to be called profitable onw

[15:18] {Larisa1} how adorable :)

  [15:18] {Threei}  lol

[15:23] {dino} out gold .49, +.47

  [15:23] {Threei}  wtg

[15:25] {dino} ty

  [15:39] {Threei}  DRYS fast selling

  [15:39] {Threei}  looking for bounce scalp if makes another sharp leg down, to about .20 - .25

06[15:40] * magoo slaps laserdave1 around a bit with a large a huge magoo hangover

[15:42] {lisa_jay} LASERDAVE if free DCC please.  Thanks.

[15:50] {dino} algt sm l .40

  [15:55] {Threei}  everyone made money today?

[15:55] {Onix} yes, thank you Vad

  [15:55] {Threei}  was kind of hard not to

[15:56] {dino} out algt .80, +.40

  [15:56] {Threei}  dino is killing it

[15:56] {lisa_jay} only an idiot like moi.

[15:56] {dino} not, went 0 for 3 on a.m.

[15:56] {Onix} wtg dino!

  [15:56] {Threei}  morning was a little shaky, then things stabilized and went smoothly

[15:57] {magoo} i made $$...but could have tripled it if let winners run

[15:57] {dino} yeah, 4/5 in p.m.

[15:57] {magoo} but, scalps have been the savor in 08

  [15:57] {Threei}  don't let it bother you yoo much

  [15:58] {Threei}  it's a first day of new year,

  [15:58] {Threei}  and inbetween holiday and weekend

  [15:58] {Threei}  was tought to go all out right out of the gate

[15:58] {magoo} but few easy days...and really it should or was easy

  [15:58] {Threei}  we were more active than all last week or two

[15:58] {magoo} straight up

  [15:59] {Threei}  just controlled risk tighter than we will when full blown bull arrives

  [15:59] {Threei}  thank you all

  [15:59] {Threei}  have a good weekend, see you on Monday

[15:59] {KSystems} thank YOU

[15:59] {magoo} there is a big brown bear lurking vad

  [15:59] {Threei}  got bear trap?

[15:59] {KSystems} enjoy the weekend everyone

[15:59] {magoo} u too va

[16:00] {dino} u2

[16:00] {wishbone} good weekend all:)

[16:00] {lisa_jay} thanks Vad.  Bye all