Wednesday, January 16, 2008

January 16, 2008

Session Start: Wed Jan 16 00:00:00 2008

Session Time: Wed Jan 16 00:00:00 2008

[05:25] {Threei} Good morning
[05:25] {hawkfan4} good morning Vad, all
[05:26] {Threei} hawk :)
[05:27] {Threei} good gap down
[05:27] {Threei} nice to see
[05:30] {Threei} *DEC CONSUMER PRICE INDEX M/M: 0.3% V 0.2%E; CPI EX FOOD_ENERGY:M/M: 0.2% V 0.2%E; CPI NSA: V 210.086E
[05:34] {Threei} don't see LLTC news... up nicely in a sea of red
[05:34] {cosmo} food inflates, it seems
[05:35] {cosmo} ... less filling...
[05:35] {hawkfan4} watching it, earnings
[05:38] {Threei} why less cos? inflates - increases in size - fills more of a stomach?
[05:38] {cosmo} ORCL buys BEAS
[05:39] {Threei} yeah, end of seemingly endless saga
[05:39] {cosmo} fills more of a stomach
[05:39] {cosmo} inflated food is easier to ration too
[05:41] {cosmo} NITE
[05:42] {cosmo} TLAB up grade from neutral to buy @ UBS
[05:47] {magoo} morning
[05:47] {cosmo} INTC tests 20 pre mkt ...fwiw
[05:47] {Threei} magoo
[05:53] {magoo} today promises to be interesting, i predicted last nite to cdino that @ precisely 2:15 today big ben surprises {will it be a surprise really?}
[05:54] {Threei} 2:15?
[05:54] {cosmo} INTC tests 20 pre mkt ...fwiw
[05:54] {magoo} crushes shorts, then back down for the rest of our natural lives
[05:54] {magoo} yep, 2:15 eastern time
[05:55] {Threei} OK :)
[05:55] {magoo} i know u know i know:)
[05:55] {magoo} brb
[05:55] {BillyD} morning RT
[05:55] {BillyD} and magostradomus
[05:56] {Threei} Billy :)
[05:56] {BillyD} lol
[05:57] {dptl} good morning all
[05:57] {Threei} dptl :)
[05:57] {BillyD} dp:)
[05:59] {BillyD} Vad, have you ever heard of Murreymath trading software
[05:59] {Threei} nope
[05:59] {Threei} what's that?
[06:00] {BillyD} dk, went to website and was so confused and thought you might have come across it to enlighten me
[06:01] {BillyD} starts talking about circles, lines, supposedly some relation to Gann
[06:02] {Threei} gosh
[06:02] {Threei} and you need this stuff why?
[06:02] {BillyD} Vad, I couldn't begin to comprehend it
[06:02] {BillyD} no, I don't need it lol
[06:03] {BillyD} a friend told me about his friend using the software and ask me to look at the site for him
[06:03] {cosmo} ASML tests 24.5
[06:03] {Threei} tell him life is too short
[06:04] {Threei} and between good scotch aand another website devoted to surefire winning system you pick scotch
[06:04] {BillyD} his friend is telling him he is hitting 85% win ratio
[06:05] {Threei} yesss!
[06:05] {Threei} finally
[06:05] {Threei} search is over
[06:06] {BillyD} anyway, I couldn't make anysense out of it and left the site
[06:07] {Threei} that was your second best option
[06:07] {Threei} first of course was to never even go there in a first place
[06:08] {magoo} back
[06:09] {esemde} morning all
[06:09] {esemde} Vad dcc please
[06:10] {Threei} ese :)
[06:14] {Threei} CAPACITY UTILIZATION: 81.4% V 81.2%E
[06:15] {dino} gm all
[06:15] {Threei} dino :)
[06:16] {dino} gann, elliot, blah, blah, blah bd
[06:17] {BillyD} don't know those guys dino
[06:17] {BillyD} have heard their names here or there
[06:18] {dino} waves, circles, etc for prediction. problem is, dfuring the last 4 year bull they missed badly
[06:18] {magoo} cramer very very negative on realmoney this a.m
[06:20] {dino} most cash since 1990, 6 months of pain
[06:21] {bruce} sgms dino
[06:24] {dino} looking for news
[06:26] {dino} lost pa lottery?
[06:27] {magoo} playbk..down..up...down...finish up
[06:28] {magoo} bidu near 300
[06:29] {dino} downgraded too
[06:29] {dino} sgms
[06:31] {dino} fslr under 200
[06:32] {bruce} dcc dino
[06:32] {dino} l meli 58.00
[06:33] {Threei} LLTC, half lot long on pullback
[06:34] {Threei} if any
[06:34] {Threei} if no pullback, waiting for whatever shapes up
[06:34] {Threei} don't want to chase it here
[06:34] {Threei} rather willing to miss a trade
[06:35] {bruce} meli stop dino?
[06:35] {dino} rvbd l .11
[06:35] {dino} .48
[06:35] {dino} rvbd .78
[06:37] {dino} tighten meli
[06:37] {dino} but it wants 2 bucks
[06:37] {Threei} no pullback
[06:37] {Threei} oh well
[06:38] {bruce} out meli +.88
[06:38] {dino} beauty
[06:38] {Threei} not horrible at all
[06:39] {BillyD} wtg bruce
[06:39] {bruce} thanx dino
[06:39] {bruce} thanx billy
[06:39] {dino} np, you pulled the trigger
[06:40] {bruce} you see dcc?
[06:40] {dino} ?
[06:40] {dino} thx
[06:43] {Threei} LLTC .65 long half lot if stays above .50
[06:43] {magoo} in
[06:45] {magoo} hhiding arca here, bad quotes
[06:46] {Threei} yep
[06:46] {BillyD} yeah, kind of messed me up on LLTC
[06:46] {magoo} ok, glad not my system
[06:46] {dptl} missed it with arca issues
[06:49] {Threei} 1:1
[06:49] {magoo} out .90 TY
[06:49] {dino} nyx l .60
[06:49] {dino} stop lod
[06:50] {Threei} welcome
[06:50] {Threei} 1:2, out
[06:50] {bruce} all out lltc +.25
[06:50] {Threei} not good bruce... horrible I'll say
[06:51] {magoo} he he vad..yeah ours not good
[06:51] {Threei} :)
[06:51] {magoo} i dsid hit the easy button tho
[06:52] {bruce} true vaD
[06:52] {bruce} you're forgiven
[06:52] {Threei} mags, you have your own now or still sneaking in and hit dino's?
[06:52] {bruce} out rvbd - .23
[06:53] {magoo} i got one for xmas from dino
[06:53] {Threei} oh wow
[06:53] {dino} rvbd stopped -.3
[06:53] {magoo} hje no like his missing all the time
[06:53] {Threei} you have one generous brother
[06:53] {magoo} he go on vaca and return to find it missing:)
[06:53] {Threei} lol
[06:54] {dino} nyx stopped
[06:54] {Threei} Dow is actually green?
[06:54] {Threei} or my quotes lie?
[06:55] {BillyD} green
[06:55] {Threei} want deeper pullback from LLTC
[06:55] {Threei} it keeps forming new consolidations
[06:56] {Threei} and breakout setups are valid on it, my concern is:
[06:56] {Threei} when the next one fails, it's likely to drop fast
[06:56] {magoo} my not want to lose any ching ching
[06:56] {Threei} with nasty slippage
[06:57] {Threei} so, let's keep size top half lot
[06:57] {Threei} so far, 29.06 next trigger
[06:57] {Threei} if holding 20.90
[06:58] {Threei} NQ is likely to bounce very soon
[06:59] {Threei} - Says stimulus package will not pass if included with extension of tax cuts
[07:00] {Threei} probably one more leg down
[07:00] {magoo} vad, watching aapl for bounce aslo
[07:00] {bruce} nyx again near here dino?
[07:00] {Threei} LLTC lost support, let it offer better pullback
[07:00] {magoo} vad, when naz bounces..aapl shopuld too
[07:01] {Threei} yes... I'd think somewhere under 164
[07:01] {bruce} jaso dino
[07:02] {magoo} another leg down imo
[07:02] {dino} nyx off of .oo imo
[07:03] {dino} dk jaso
[07:03] {Threei} QID
[07:03] {Threei} .51 long
[07:03] {magoo} here it is
[07:03] {dino} feels like 55 area jaso
[07:03] {dino} edu strong today
[07:03] {bruce} k
[07:03] {Threei} .39 stop
[07:04] {dino} market not helping
[07:04] {dino} aapl lod
[07:05] {dino} edu l sm .50
[07:05] {dino} out 67.60, +1.10
[07:06] {magoo} long aapl smnall .30
[07:06] {lumdus} magoo playing with the monster outch !
[07:06] {Threei} stopped QID
[07:07] {dptl} stoped qid
[07:07] {dino} meli blood
[07:07] {magoo} was good to us yesterday
[07:07] {magoo} out .90, + .60
[07:08] {magoo} LLTC held that pull well
[07:09] {dino} strange morning, really big drops out there
[07:09] {magoo} people scared
[07:09] {magoo} emotions running high
[07:10] {dino} gj magoo
[07:12] {magoo} another naz drop coming
[07:13] {Threei} too tight QID stop eh?
[07:13] {dptl} ye about 6c shake
[07:13] {BillyD} yeah, was just thinking we just missed
[07:13] {magoo} yeah
[07:13] {Threei} but it lost next support at .35 too
[07:14] {magoo} been the scenario of late, nasty rinses
[07:14] {Threei} where do you place a stop for it to be reasonable when it's so shaky
[07:14] {magoo} yours good..don't want 1 trade to kill us
[07:14] {Threei} no way
[07:14] {magoo} could have reversed hard there
[07:15] {magoo} scalpers market until further notice..HIT-N-RUN baby
[07:15] {Threei} today will be covered with dead bodies of heroes
[07:15] {BillyD} lol
[07:15] {magoo} look aapl now
[07:15] {magoo} sheesh
[07:15] {Threei} but of course we will hear only from "I made a killing today" crowd
[07:16] {dino} jaso approaching 55
[07:16] {magoo} jaso tough magoo more than i got it
[07:16] {BillyD} IDIX Vad
[07:16] {Threei} AAPL mags?
[07:17] {magoo} watch
[07:17] {Threei} IDIX goes to 5, at least IMO
[07:17] {Threei} and most likely much higher
[07:17] {BillyD} just hard to enter it
[07:17] {BillyD} here
[07:17] {Threei} but just as with SEED call, I can't make a precise entry call
[07:17] {Threei} not my type, can't time it well
[07:18] {BillyD} yep
[07:18] {Threei} Roman had a nice early call on it
[07:18] {Threei} so, for this type of mentions to be clear:
[07:18] {Threei} I have no particular read,
[07:18] {Threei} I give my general view
[07:18] {Threei} for those who do have tools to read it better and want to try
[07:19] {Threei} (hawk with his disgusting SEED profits comes to mind)
[07:19] {dino} sigm l .25, stop .89
[07:19] {hawkfan4} lol, that'll get my attention :)
[07:19] {Threei} I knew it :)
[07:19] {magoo} aapl getting interesting vad
[07:19] {dino} my entries are off today
[07:20] {dino} stopped sigm
[07:20] {dino} taking break
[07:20] {Threei} mags, AAPl is a bit weaker than overall market
[07:20] {magoo} good point..agree
[07:20] {magoo} can kill too
[07:20] {dino} aapl to 160 imo
[07:21] {magoo} strike dino?
[07:21] {dino} thinking yes
[07:21] {magoo} bidu losing big 300 vad
[07:21] {magoo} psychological level
[07:22] {magoo} this plays well for my prediction @ 2:15 p.m
[07:22] {Threei} if you can handle its volatility, it's most likely a big short
[07:24] {Threei} COIN small shares long
[07:24] {Threei} stop under 12
[07:24] {dino} wow sgms
[07:25] {magoo} coin entry?
[07:26] {Threei} not higher than .20
[07:26] {magoo} u in?
[07:26] {Threei} was available at .16, 19 and .20 at the moment
[07:26] {Threei} yes
[07:26] {magoo} k
[07:30] {Threei} *DOE CRUDE: +4.26M V +1.2ME; GASOLINE: +2.2M +2.5ME; DISTILLATES: +1.15M V +1.5ME; UTILIZATION: % V 90.3%E
[07:30] {lumdus} in qcom 40.97 stop 39.99
[07:32] {lumdus} -.07 on qcom
[07:32] {Threei} half out COIN .50
[07:36] {Threei} stop to under .20
[07:40] {lumdus} in appl 162.05
[07:41] {lumdus} stop b/e
[07:41] {lumdus} outch !
[07:44] {Threei} dino, you may want to watch MON for bounce
[07:44] {magoo} dino called aapl 160 strike
[07:44] {magoo} he out the door vad, back in awhile
[07:45] {Threei} so, jump at his comp and buy something for him using full margin
[07:45] {Threei} aren't you keeper to your brother
[07:45] {bruce} micc dino
[07:45] {dptl} lltc holding well
[07:46] {magoo} that would get me thrown out the second floor window by force
[07:46] {Threei} I chickened around .50 support dp...
[07:46] {magoo} and thats NOT high enough to kill, so major prolonged suffering vad
[07:46] {Threei} yikes
[07:47] {Threei} ok then... if he is so violent, let him sit with no help by you
[07:47] {Threei} IDIX, look at this stubborn climb
[07:47] {Threei} blazing speed too
[07:47] {magoo} bidu 291
[07:48] {Threei} you sdhorted mags?
[07:48] {magoo} no, i am waiting for vbounce
[07:49] {magoo} may never get it evsr again
[07:49] {lumdus} i came in mindset for long and didn't find setups - nothing much to do.
[07:50] {Threei} lum, are you a trend trader or reversal trader?
[07:50] {lumdus} both ..
[07:50] {Threei} MON up 2 bucks since mention
[07:51] {Threei} dino would be all over it
[07:51] {lumdus} i see no reversal and no trend going up
[07:51] {magoo} why not give monto magoo then vad? he he
[07:51] {Threei} told ya, buy it for dino
[07:51] {lumdus} in lltc 29.17 sto 20.07
[07:52] {magoo} u pushing your luck lil man{soup nazi}
[07:52] {bruce} $9 stop lum?
[07:53] {lumdus} 29.07out
[07:54] {lumdus} out lltc - crap
[07:55] {Roman} long PAAS
[07:55] {Roman} 34.32 capit play
[07:55] {Threei} lum, I didn't understand this stop p[lacement at all
[07:55] {Threei} why 20.07?
[07:56] {Threei} 29.07
[07:56] {lumdus} yeah, was crap
[07:56] {Threei} there was no support there
[07:56] {Threei} to signify trade failure
[07:57] {Threei} seems just arbitrary, not by chart
[07:58] {lumdus} was just to limit exposure in this crazy market
[07:58] {Roman} SOLF
[07:58] {Roman} bouncer
[07:58] {Roman} long small
[07:58] {Roman} CSIQ bouner
[07:59] {Roman} out PAAS +.45
[07:59] {Roman} out SOLF scalp
[07:59] {Threei} ty PAAS Roman, got it too
[07:59] {Threei} lum, not the way to do it, sorry
[08:00] {lumdus} ok, thanks for watching me.
[08:01] {Roman} OMTR capit
[08:01] {Roman} play super small,
[08:01] {Roman} in .62
[08:02] {Roman} out +.42
[08:02] {Threei} 5 cents from bottom
[08:02] {Threei} disgusting
[08:02] {BillyD} nice roman
[08:03] {Roman} ty
[08:03] {Threei} you know if you continue trading like this, noone will come out and play with you tomorrow, right?
[08:04] {Roman} don't get this one Vad
[08:04] {Roman} got to explain
[08:04] {Threei} he who wins every time... :)
[08:05] {magoo} gets snmacked
[08:05] * magoo slaps Roman around a bit with a large trout
[08:07] {dptl} lltc?
[08:08] {Threei} don't know what to say dp... it looks like continuing slow climber
[08:08] {Threei} but pullbacks are not really readable
[08:08] {dptl} ok
[08:10] {Roman} QMAR
[08:10] {Roman} long small
[08:10] {dino} trying to go green imo
[08:12] {Roman} in .38 QMAR small
[08:14] {Roman} stopped
[08:14] {Roman} biatch
[08:15] {dino} dnex
[08:15] {dino} lol rfr
[08:17] {Roman} looking for capt on QMAR bidding 15.5
[08:17] {bruce} stopped qmar -.46
[08:18] {Roman} in. 50
[08:19] {Roman} out .96 +.46
[08:19] {Threei} nice comeback
[08:20] {dino} gj
[08:21] {esemde} yesterday and todays market is for the real PRO"S.......haven't participated much just watching you work
[08:22] {dino} gs strong today
[08:22] {magoo} mkts staging nice come back here
[08:22] {esemde} could todays market end up...UP....
[08:23] {magoo} look at my earlier posted playbook ES
[08:23] {magoo} vad, pullup playbok
[08:24] {dino} es, always remember..."anything can happen"
[08:24] {dino} edu held well
[08:25] {esemde} tried to find it it the one that said there would be a bounce
[08:26] {bruce} nyx reversal here dino?
[08:26] {magoo} down ...up...down...finish UP
[08:26] {magoo} no worries...its in the "book"
[08:27] {dino} waiting for 78
[08:27] {esemde} thats's in the "why don't you read the book dummy"
[08:27] {esemde} why do you figure it's going to end UP today mags
[08:28] {magoo} watch and see
[08:28] {magoo} i am magoostradamas
[08:28] {dptl} lol
[08:29] {esemde} ha ha ha that was really funny!
[08:35] {Threei} see LLTC dp?
[08:35] {dptl} ye
[08:35] {Threei} disconnected, no real read
[08:35] {Threei} started rifting aimlessly
[08:35] {Threei} drifting
[08:36] {lumdus} mlnm trying to break
[08:38] {Threei} IBM half lot long
[08:38] {Threei} stop under 102
[08:38] {Threei} first uotick from here
[08:38] {Threei} if holding 102
[08:39] {dptl} in .02
[08:41] {Threei} out
[08:41] {dptl} stopped
[08:41] {dino} can you tell we're in an election year, lol
[08:41] {bruce} same
[08:41] {bruce} nice small stop vad
[08:41] {dptl} -3c
[08:42] {dptl} brcm?
[08:42] {magoo} vad, look right
[08:42] * magoo slaps LaserDave1 around a bit with a large trout
[08:42] * Threei slaps LaserDave1 around a bit with a large trout
[08:43] {Threei} IBM, want bounce still
[08:43] {Threei} .50 is closest support
[08:43] * LaserDave1 slaps LaserDave1 around a bit with a large trout
[08:44] {Threei} .51 long
[08:44] {Threei} if holding .40
[08:44] {Threei} over 1:1
[08:45] {dptl} missed
[08:45] {Threei} out +.25
[08:45] {bruce} same - missed it
[08:45] {bruce} drat
[08:45] {Threei} :(
[08:45] {Threei} sheesh, too soon
[08:45] {Threei} full 50 cents bounce
[08:46] {Threei} BRCM... brewak seems legit
[08:46] {Threei} 23.01
[08:46] {bruce} yes
[08:46] {bruce} very nice bounce
[08:46] {Threei} just remember, it's in NQs hands
[08:46] {Threei} nice C&H on intraday
[08:47] {dptl} stop?
[08:48] {dptl} .84?
[08:48] {Threei} yeah
[08:50] {magoo} how about nvda}?
[08:50] {dptl} offering .18
[08:51] {dptl} out ty
[08:51] {Threei} out .21
[08:52] {Threei} not sure NVDA mags
[08:54] {BillyD} strong mkt move here
[08:55] {magoo} LLTC trying
[08:56] {magoo} COIN trying
[08:56] {Threei} NVDA feels like short candidate
[08:56] {Threei} wouldn't move with market strong power-up
[08:56] {magoo} LLTC new ghigh
[08:56] {Threei} stop .22 NVDA
[08:57] {magoo} u mean brcm?
[08:57] {Threei} no, NVDA
[08:57] {magoo} whered u short it at}?
[08:58] {Threei} right here
[08:58] {Threei} aggressively, with very tight stop
[08:58] {Threei} I'd say, with laughably tight stop
[09:01] {dptl} stopped nvda
[09:01] {Threei} -4 cents
[09:01] {dptl} -5c
[09:01] {Threei} wait for me while I am crying over my ruined budget
[09:02] {magoo} dam..missed LLTC
[09:02] {magoo} was stalking .32
[09:08] {dino} nyx stop to .00
[09:08] {bruce} nihd long vad?
[09:08] {Threei} don't see anything on it
[09:14] {dptl} how about .50 nvda?
[09:14] {bruce} missed nyx dino
[09:16] {Threei} sorry dp... not much I can say about it
[09:16] {dptl} ok
[09:17] {dino} np, i'm boring today
[09:19] {bruce} lol - not a lot of big spike plays yet today
[09:21] {dino} cvco
[09:22] {dptl} is arca better now i have my turned off?
[09:23] {BillyD} no
[09:23] {dptl} i see...thnx Billy
[09:23] {BillyD} :)
[09:27] {dino} missed cvco short
[09:33] * Chaeron slaps LaserDave1 around a bit with a large trout
[09:33] * magoo slaps Chaeron around a bit with a large trout
[09:33] {Chaeron} good to see you to bro :)
[09:34] {Threei} what about me?
[09:34] {magoo} gjfhgfhfnff
[09:34] * Threei slaps Chaeron around a bit with a large trout
[09:34] * magoo slaps bruce around a bit with a large trout
[09:34] {Chaeron} feels good to be loved.........
[09:36] {esemde} half zeeee grate ves of de day....ya'll
[09:36] {dino} cya es
[09:36] {magoo} bye es
[09:37] {Threei} ese exited while I was decoding his message
[09:37] {dptl} ye me too
[09:39] {dptl} o...i got everything but "ves"'
[09:40] {Threei} I would too but I fell asleep
[09:40] {Threei} that "zeee" got me, I am programmed to fall asleep on the first Z sound
[09:41] {dptl} lol.....come on Vad have some scotch
[09:41] {Threei} no way... not before 10 am
[09:41] {dptl} ok 20 min left
[09:48] {dino} nyx stop to .50
[09:52] * bruce slaps magoo around a bit with a large trout
[09:54] {dino} out nyx +.50
[09:54] {bruce} nice dino
[09:56] {dino} ty
[10:00] {Threei} *JAN NAHB HOUSING MARKET INDEX: 19 V 19E- prior month revised from 19 to 18
[10:03] {Threei} ok fess up time... anyone took IDIX?
[10:03] {dino} meli, heck of a daily range
[10:03] {magoo} not my style
[10:03] {BillyD} took it earlier for about a dime
[10:03] * Threei pretends not to be looking at hawk
[10:03] {Threei} billy :)
[10:04] {hawkfan4} lol, nope
[10:04] {BillyD} you see mkt straight down and you go long knowing it is really not your type.....guesswhat? tape wins again
[10:05] {Threei} yup
[10:11] {magoo} mkts rollling over
[10:49] {dptl} .
[10:49] {dino} ..
[10:50] {magoo} ...
[10:50] {patience} don't want to feel left out ....
[10:51] {dino} lol
[10:52] {patience} crying bitterly into my green tea....potash was over $152 CDN yesterday, dropped to $127 range this morning...what a trade it could have been
[10:54] {BillyD} HIMX...a slow one
[10:54] {bruce} a shame patience
[10:54] {dino} it happens, kicking myself for missing meli bottom
[10:54] {bruce} magoosky's fault
[10:55] {bruce} he should have alerted you since hes clairoyant these days
[10:55] {dino} you're correct, it's magoo's fault
[10:56] {bruce} you bet - blame mags blame mags
[10:56] {bruce} damn you mags
[10:56] {patience} only trade i have made today is selling my british pound shorts for a profit
[10:56] {dino} gj, not much for me either today
[10:56] {bruce} ah - well good to be green
[10:56] {dino} cyno spike
[10:57] {bruce} I'm down $2.00
[10:57] {bruce} mags fault
[10:57] * bruce slaps magoo around a bit with a large trout
[10:57] {dino} lol
[10:59] {bruce} how do you keep track of all the diferent execution programs you use patience?
[10:59] {bruce} do you have like 12 monitors or something?
[10:59] {patience} one laptop
[11:00] {patience} phone
[11:00] {bruce} wow - you trade stocks futures options and forex all from one laptop sccreen?
[11:00] {patience} yes bruce
[11:00] {patience} used to have 4 monitors
[11:01] {bruce} that seems like a lot of information to try to keep track of
[11:01] {patience} but with my lifestyle that was hopeless....i am gone from my house quite a bit during the day
[11:01] {patience} well....i manage to pay all my bills and paying down mortgage on a rapid basis....
[11:02] {dino} gj
[11:02] {bruce} obviously works for you
[11:03] {bruce} you have all those programs open at once and tab thru them?
[11:03] {patience} took me couple of years to figure out style for me
[11:03] {patience} yes
[11:03] {bruce} k
[11:03] {dino} market really whipping around
[11:04] {Threei} and goes nowhere very fast
[11:05] {bruce} congrats to you patience - Im still working to trade stocks without tying all that other stuff
[11:07] {dino} you're getting better bruce, stick w/what works
[11:08] {bruce} thanx dino
[11:08] {bruce} doing a lot of yoru style trades these days
[11:09] * magoo slaps bruce around a bit with a large trout
[11:09] {bruce} is bernanke on now?
[11:09] {dino} doesn't matter who's style, just find your edge, manage the risk, be consistant, and keep it simple. good job
[11:09] * bruce slaps magoo around a bit with a large trout
[11:10] * bruce slaps magoo around a bit with a large trout
[11:10] {bruce} and again
[11:10] * bruce slaps magoo around a bit with a large trout
[11:10] {bruce} take taht!
[11:10] {Threei} no?
[11:10] {Threei} since when?
[11:11] {bruce} they don't want too much investment going into lternatives to oil vadster
[11:11] {Threei} QATAR OIL MINISTER: NO NEED FOR OPEC TO BOOST OUPUT AT FEB MEETING- Says OPEC must be cautious as it is facing a Q2 seasonal demand drop and the possibility of a US recession
[11:12] {bruce} for goood measure
[11:12] * bruce slaps magoo around a bit with a large trout
[11:12] {Threei} LIBYA OIL CHIEF: NO NEED FOR OPEC TO RAISE OUTPUT AT FEB MEETING- Notes OPEC needs to gauge new OPEC supply, Q2 demand
[11:14] {dino} rvsn
[11:16] {dino} missed at .80
[11:16] {bruce} some kind of ne3ws on it?
[11:17] {dino} not that i see
[11:18] {bruce} l at .94
[11:18] {dino} would've had a buck
[11:21] {dino} bruce, so you know i was going short at 11.80, no fill
[11:22] {bruce} k
[11:22] {bruce} good timing
[11:23] {bruce} I went long 10.94
[11:23] {bruce} stopped .-.32
[11:25] {dino} spikes i like to short
[11:25] {bruce} thought it would have second push up
[11:28] {dino} it is
[11:28] {bruce} yup -baqd entry my part - should have waited a bit longer
[11:32] {dino} rock-n-roll up
[11:41] {dino} bpop
[11:43] {dptl} nvda?
[11:45] {Threei} it's in its own world today
[11:45] {Threei} what's with ZIXI?
[11:45] {Threei} I see no fresh news
[11:45] {dino} dk, don't like the little ones]
[11:45] {dino} no news
[11:45] {Threei} quite a move for a little bugger
[11:48] {dino} another 200pt plus day
[11:48] {dino} about 100 pts shy of avverage
[11:48] {lumdus} yeah, a bugger . wish i was in it . quack
[11:57] {magoo} vad, what u got into last hour here?
[11:58] {lumdus} short rimm 90.22
[11:58] {lumdus} stop b/e
[11:59] {dino} gj
[11:59] {dino} abcw
[11:59] {lumdus} covering rimm by next drop i gues
[11:59] {lumdus} out .77
[12:00] {lumdus} +.55 ?
[12:00] {dino} over already
[12:00] {lumdus} yes, i scalped .. that's it
[12:00] {dino} nice one lum
[12:00] {Threei} looking at DEAR
[12:00] {lumdus} vad told me you don't become a millionare just take what you got and go
[12:01] {dino} agree
[12:01] {Threei} don't see any reason for it to be up that much
[12:01] {dino} this is my paycheck lum
[12:01] {dino} having chart issues
[12:02] {dino} seems banks popping vad
[12:02] {dino} dear, abcw, etc
[12:02] {dino} back in 10
[12:02] {Threei} yesterday's news on it:
[12:02] {Threei} 01/15/08 07:01pm [DEAR] Reports Q4 $0.05 v $0.29 y/y: ROE: 1.13% v 7.43% y/ymore
[12:09] {Threei} QID half lot long
[12:09] {Threei} .65
[12:09] {Threei} under .50 invalidated
[12:10] {dino} issc
[12:10] {dptl} in
[12:11] {dino} vrus animal
[12:13] {Threei} come on NQ, drop
[12:15] {Threei} sigh
[12:15] {dptl} stopped
[12:17] {bruce} stopped her too dp
[12:17] * bruce slaps magoo around a bit with a large trout
[12:22] {dptl} not great today .....missed all winners and picked losers of thouse days
[12:22] {bruce} blame mags dp
[12:23] {magoo} might as well
[12:23] * bruce slaps magoo around a bit with a large trout
[12:23] {bruce} vadsters going to find us a .60 win dp
[12:23] {bruce} he's runningout of time though
[12:25] {lumdus} yeah, we all banking on him
[12:25] {Threei} guys don't do it
[12:25] {Threei} this is exactly how you push me to look for trades that just are not there
[12:25] {lumdus} ok, everybody behave now. got that
[12:26] {Threei} then we get those annoying stops that could be avoided if I didn't feel this pressure to find something
[12:26] {bruce} heaven forbid we would push you vad
[12:26] * bruce slaps magoo around a bit with a large trout
[12:26] {Threei} if I see a trade that is worth the risk I don't hold out on you
[12:26] {magoo} what the ..........
[12:27] {Threei} but to look for a trade actively is not what I want to do
[12:27] {Threei} and not what you want me to do, believe me
[12:29] {lumdus} yeah, don't want to push it.
[12:30] {lumdus} done for the day - have a nice day everyone - see you on friday.
[12:30] {magoo} bye lum
[12:30] {bruce} bye lum
[12:31] {lumdus} vad, i am glad you told me about the stop loss on my portfolio.
[12:31] {lumdus} this am did very well and pm just lost a drop and quit for the day. very happy take care
[12:31] {Threei} protecting profits?
[12:31] {lumdus} yes, protecting my profits from the am session
[12:32] {dino} gj lum
[12:37] {bruce} any feel for cree breakout here vad?
[12:37] {Threei} market seems to aim down here
[12:37] {Threei} not that CREE has much to do with market today but still
[12:38] {bruce} k- lat4e in dayt for brakout any way
[12:38] {Threei} this is that same breakdown which I targeted with that QID long
[12:39] {bruce} there we go - nice 15 c drop - false breakout
[12:39] {Threei} yup
[12:40] {bruce} spoke too soon 40c drop
[12:40] {Threei} can I express my honest opinion about it?
[12:40] {Threei} here goes:
[12:40] {magoo} please do
[12:40] {Threei} @#&^^%!
[12:41] {dino} lol
[12:41] {bruce} 55c drop
[12:41] {Threei} NQ did exactly what I envisioned with .65 QID entry
[12:42] {Threei} but not before two shakeouts
[12:42] {bruce} well - glad I didn't try that breakout fakeout
[12:42] {magoo} that reminds me...takeout
[12:43] {Threei} chinese?
[12:43] {magoo} yup
[12:43] {magoo} fav dish..wanna guess?
[12:44] {Threei} pig ears
[12:44] {magoo} magoo guy pan
[12:45] {bruce} sheeshe - 80 so far -waht a wonderful short
[12:45] {bruce} -$1
[12:45] {Threei} come on bruce... continue thoroughly enjoying not going long on it, don't spoil the joy by thought "why didn't I short it" :)
[12:46] {bruce} lol
[12:46] {bruce} but that was my buck vad
[12:46] {Threei} leave grief to me, I have better reason for it
[12:46] {Threei} seeing the trade and going for it, and being right - but still taking stop because of being too early
[12:46] {bruce} that was one nasty pullback
[12:47] {bruce} sorry to hear vadster
[12:47] {bruce} thats never happened to me
[12:47] {Threei} that's not a pullback if you mean CREE... that;s disaster
[12:47] {Threei} obviously caught a lot of traders by surprize
[12:48] {bruce} thats a lot of longs getting royally @@#$%
[12:48] {Threei} if it wasn't 10 min to eod, I would start looking for long on it
[12:48] {bruce} hey mags
[12:49] {magoo} .
[12:49] {bruce} don't forget the4 sweet andsour magoo balls
[12:49] {magoo} UGHGHGHHGHHGHG
[12:49] {Threei} don't disturb him, chewing roasted pig's ear is a hard work
[12:49] {bruce} lol
[12:49] {bruce} geesh
[12:49] {bruce} I feed them to my dogs
[12:50] {patience} me gets gas from them though
[12:50] {bruce} Ithi9nk cree is reaonable tlong here
[12:50] {bruce} but too late in day
[12:50] {bruce} my dog gets ggas from regular dog food patience
[12:50] {Threei} well, if we had enough time, I'd say one more sharp leg down
[12:51] {patience} toronto is tanking
[12:51] {bruce} looks like your right vad- pretty crappy bounce
[12:51] {Threei} but being so close distorts things
[12:51] {Threei} people who don't want to be in it on any side start exiting not because of chart but because of time
[12:51] {bruce} maybe my dog could be alternate energy source?
[12:52] {bruce} harness all that methane gas
[12:52] {Threei} so read becomes pretty much useless
[12:52] {dino} nwpx
[12:52] {magoo} now come on...this was tough day to trade, right?
[12:53] {magoo} and the all of january
[12:53] {magoo} yes? no?
[12:53] {patience} today felt different magoo....i could see the train coming down the tracks for me on every trade i conbsidered
[12:54] {BillyD} like getting run over patience ?
[12:54] {Threei} I don't know how to chose between two answers mags:
[12:54] {patience} first time this month that i don't want to hold overnight
[12:54] {Threei} first is, yes january is much tougher
[12:54] {bruce} january sucks
[12:54] {dptl} i am still down for the month :(
[12:55] {bruce} just my opinion ohgh
[12:55] {Threei} and second: entire fall was so giving, maybe market just returned to the norm
[12:55] {bruce} me too dp
[12:55] {magoo} if this is norm, its gonna be tough year, and i am uptoday, but only 500
[12:55] {Threei} but yeah, emotions are pretty high
[12:55] {Threei} oh poor you
[12:55] {Threei} we all are crying
[12:55] {bruce} porr porr maoggosky
[12:56] {Threei} no, this is not a norm
[12:56] {bruce} yes
[12:56] {bruce} tears streaming down face
[12:56] {Threei} this is very nervous market
[12:56] {magoo} i remember ole days..vad spitting out so many trades
[12:56] {Threei} I mean, just look at NQ daily
[12:56] {magoo} i can't keep up..he braggs hes 10 for 10
[12:57] {bruce} when was that mags?
[12:57] {Threei} starting from say 12/28
[12:57] {Threei} down 300 points with barely two green days
[12:57] {Threei} sorry, 3
[12:58] {BillyD} we down about 10% this year overall?
[12:58] {bruce} yes- frustrating though - you'd think we'd see lots of opportunity with those moves
[12:58] {magoo} even the wins are hard fought tho
[12:58] {Threei} bear market is not as generous on opportunities as bull
[12:58] {Threei} it's not just about direction
[12:58] {bruce} I like shorts
[12:59] {magoo} me too
[12:59] {Threei} who doesn't
[12:59] {bruce} speaking of shorts
[12:59] {bruce} should have shorted cree
[12:59] {Threei} but there is more to it than bull market - go long, bear market - go short
[12:59] {magoo} better than long pants in summer
[12:59] {bruce} I hate cree
[12:59] {Threei} try to do a trend trading on a long side in bull market,
[12:59] {Threei} try to do trend trading on a short side in bear,
[13:00] {Threei} you will find the latter much harder
[13:01] {Threei} ok guys, thank you all
[13:01] {bruce} k
[13:01] {Threei} have a good evening, see you tomorrow
[13:01] {bruce} night vad
[13:01] {magoo} good nite vad
[13:01] {dptl} have a good evening all
[13:01] {BillyD} bye]
[13:01] {bruce} gonna get me some deep firied magoo in black bean sauce
[13:02] {dino} later all
[13:03] {dino} wow nazdaq -17% from highs in oct
[13:04] {bruce} yes - isn't 20%considered a bear market ?
[13:05] {dino} yes
[13:05] {bruce} took a while for that real estate bubble to work its waqy through
[13:06] {bruce} thanx again dino
[13:06] {bruce} \goodto work wi you
[13:06] {bruce} night all
[13:09] {magoo} dave DCC if u here
[13:09] * magoo slaps LaserDave1 around a bit with a large trout
[13:09] * magoo slaps LaserDave1 around a bit with a large trout
[13:09] {magoo} attention getter :)