Tuesday, January 22, 2008

January 22, 2008

Session Start: Tue Jan 22 00:00:00 2008

Session Time: Tue Jan 22 00:00:00 2008

[05:21] {Threei} FED CUTS TARGET RATE 0.75 PCT TO 3.50%
[05:22] {Threei} 60 points jump NQ in 3 min
[05:23] {hawkfan4} they're just trying to ruin a perfectly good crash
[05:23] {Threei} no kidding
[05:30] {dino} gm all
[05:31] {Threei} dino :)
[05:31] {patience} morning RT, you missed a profitable day on the toronto market yesterday
[05:32] {dino} go ahead rub it in, :)
[05:32] {patience} well....vad showed up to chat briefly but i was trading alone to the rolling stones
[05:33] {dino} gj patience
[05:33] {patience} laughing, today will be good
[05:33] {dino} should be, a bit of chaos
[05:34] {dino} thought we had a black swan on our hands earlier
[05:34] {Threei} we would if not for this intervention
[05:34] {Threei} still may
[05:34] {dino} indeed
[05:34] {Threei} even with this cut and market jump, there are a lot of margin call sales lurking
[05:35] {Threei} and a lot of "let's dump while there is a rally" sellers
[05:35] {Threei} scared by constant barrage of "this is bear market that is here to stay" heandlines
[05:36] {Threei} I agree with him
[05:37] {Threei} knee-jerk reaction that is likely to make things worse
[05:37] {dino} problem is, they are expecting another cut in 7 days
[05:38] {Threei} that's bad
[05:38] {Threei} at the moment when it would really make a difference they are going to be out of ammo
[05:38] {dino} thats what i'm thinking
[05:39] {dino} brb
[05:39] {Threei} and it smacks of desperation too much
[05:40] {Threei} effect is going top be lessened by darl emotions prevailing in the markets,
[05:41] {Threei} and when the crowd is ready, feds won't be there with real help since they spent their capital reacting on market moves which is not their mandate
[05:43] {Threei} for those who for this or that reason is interested in Cnada:
[05:43] {Threei} - Note: The surprise move by the FED earlier today is increasing speculation that perhaps the BOC could lower interest rates by more than 25bp
[05:43] {Threei} I suggest to cut by .5 and play "who outcuts who"
[05:44] {Threei} be back in 5
[05:47] {cosmo} QID pre mkt high = 53 fyi
[05:48] {cosmo} ... maybe another rate cut... hehe
[05:50] {Threei} today?? :)
[05:50] {cosmo} whynot?
[05:50] {magoo} morning
[05:50] {Threei} magoo :)
[05:54] {Threei} NQ sold off almost to where it was before rate cut
[05:55] {Threei} likely to bounce soon
[05:55] {Threei} this is a good moment for another rate cut cos :)
[05:56] {cosmo} Canada next?
[05:56] {Threei} yes
[05:56] {cosmo} thx
[05:59] {Threei} futs agree with me... if fed wanted to fix market, timing is bad
[05:59] {Threei} and if they, as they claim, want to fix overall situation in economy, why the emergency
[06:00] {cosmo} human nature?
[06:00] {cosmo} not enough...sigh
[06:01] {dptl} good morning all
[06:01] {Threei} dp :)
[06:07] {bruce} how to trade today?
[06:07] {bruce} market will be very volatile
[06:08] {Threei} lightlty
[06:09] {Threei} high running emotions, big waves, quite possible order execution issues
[06:09] {bruce} can we go short ben bernanke?
[06:09] {Threei} keep calm and stay away from anything that is likely to hurt much if goes wrong
[06:10] {Threei} this is the day that is going to be regarded as historic, kind of how we mention crash of 1987
[06:11] {Threei} unlike that one though, this is not likely to be over quickly
[06:11] {cosmo} unless there's a halt
[06:11] {Threei} days like this are enticing you by mirage of big money to make
[06:11] {Threei} and much more likely to hurt you badly if you are overly active
[06:11] {bruce} big money? - thats for me
[06:12] {esemde} morning...what happenin
[06:12] {magoo} historic...but...as in the opportune time to go long or a suckers entry...??i dunno
[06:12] {Threei} ese :)
[06:12] {magoo} open mind
[06:12] {bruce} we're discussing end of world ese
[06:13] {esemde} futures down big...
[06:13] {Threei} thread lightly, use your natural advantage over investors:
[06:13] {cosmo} waiting to see global rate cuts here...
[06:13] {Threei} unlike them, you do NOT have to trade
[06:13] {Threei} they habve no choice, they are in the markets
[06:13] {Threei} you do, you can stay on a sideline while there is blood on the street
[06:14] {Threei} don't feel like you have participate in each and every battle
[06:14] {Threei} money not lost is money made on a day like this
[06:15] {Threei} see how futs returned to pre-cut level?
[06:15] {bruce} yes - noticed that already
[06:15] {Threei} this is a good sign that it's going to get worse before it gets better
[06:15] {bruce} not a good sign for a bounce
[06:15] {bruce} blood on the streets
[06:16] {Threei} don't be anxious to jump in, adopt liberating state of mind
[06:16] {cosmo} QID relaxing ... needs to break 51.50
[06:16] {Threei} which for today is:
[06:16] {bruce} does this affect your entry's dino?
[06:16] {Threei} everyone is losing money left and right, I am the lucky one, I can wait for the clearer moment to pounce
[06:17] {bruce} bigger stops today vad?
[06:17] {Threei} no way as far as I am concerned
[06:18] {Threei} with this volatility and possible execution problem, it can turn much worse than you imagine
[06:19] {Threei} no profit is too small today, any money made is to be framed, hang on the wall and labeled "made on a day when the world lost"
[06:19] {patience} largest aussi brokerage had to shut down for 30 minutes, traded in 1 hour what they normally trade in 1 day
[06:19] {patience} i don't expect great performance from my brokerage in the first hour
[06:20] {Threei} even the sharpest brokerage can be affected easily today
[06:20] {Threei} bottleneck can be beyond their sphere of influence
[06:20] {Threei} grab the popcorn, enjoy the show, thread lightly
[06:21] {Threei} wear "I am detached observer" cap
[06:21] {cosmo} when in trouble, when in doubt, run in circles, scream and shout
[06:21] {esemde} this a good day to short stuff Vad
[06:21] {Raven} lol cosmo :)
[06:22] {cosmo} :)
[06:22] {Raven} sheesh
[06:22] {Threei} maybe ese... maybe not... stuff is down huge,
[06:22] {Threei} likerly to go down more
[06:22] {Threei} but direction is not the main theme for today
[06:22] {Threei} volatility is
[06:23] {Threei} view any call made today as optional
[06:24] {magoo} is there a limit to reach where they? can halt US markets?
[06:24] {Threei} you are likely to perform better today if you take all this as fun rather than attempts to make money
[06:24] {magoo} that would be a nightmare caught short position,
[06:24] {patience} yup, every 1000 points, dow rules apply
[06:24] {patience} down 4000 and they shut the door for the day
[06:24] {Threei} don't remember circut breaker rules for NASDAQ
[06:25] {magoo} they let it tank 4000 points before shutdown entire day??
[06:25] {Threei} http://www.nasdaqtrader.com/trader/help/circuitbreaker.stm
[06:26] {esemde} no confidence in Ber nackers abviously....today
[06:26] {patience} yes magoo
[06:26] {Threei} NASDAQ has agreed, upon the request of the Securities and Exchange Commission, to halt domestic trading in all NASDAQ® securities and all equity and equity-related OTC securities should the NYSE declare a market-wide trading halt
[06:26] {magoo} wow
[06:26] {bruce} is that an announcement vad?
[06:27] {Threei} ?
[06:27] {Threei} The point-decline thresholds at which trading is halted change every quarter, so that those thresholds may accurately reflect the current market. The thresholds are percentage-based levels of 10%, 20%, and 30% declines in the Dow. The actual numerical points will be determined based on the state of the market each calendar quarter. For the first quarter of 2008, as shown in the table above, the thresholds are 1350-, 2700-, and 4000-point de
[06:27] {Threei} I showed link above bruce
[06:27] {Threei} this is rules under which markets operate
[06:27] {bruce} k
[06:28] {Threei} "cause no harm" is your slogan for today
[06:28] {bruce} tighten seat belt folks
[06:28] {magoo} trading helmets, googles
[06:29] {cosmo} hans device here
[06:29] {Threei} market under pre-cut level
[06:29] {bruce} lots of lovely shorts
[06:29] {bruce} q's
[06:29] {bruce} amzn
[06:30] {bruce} csco
[06:30] {bruce} whould we wait for market to settle?
[06:30] {Threei} relax bruce
[06:30] {Threei} and re-read again everything I posted above
[06:30] {bruce} Iam relaxed
[06:31] {dino} bruce, sorry about delay, yes, i am different today, sitting for awhile, shake things out a bit imo
[06:31] {magoo} we need to live today to trade another day
[06:31] {Threei} why would you want to jump on things like AMZN, very volatile even on normal day, at the open of such day as this?
[06:31] {dino} rule #1 ; you must stay on the game
[06:32] {dino} in
[06:33] {dino} we under 52 week low dji
[06:33] {Threei} look at AMZN range for the last 2 minutes
[06:33] {Threei} 72.20 - 74
[06:33] {dino} dji want 11,500 min
[06:34] {magoo} howes volume anyon?}
[06:36] {dino} 3.7
[06:37] {esemde} following my solar crew......
[06:37] {Threei} watching NQ/QID
[06:37] {Threei} to go long QID
[06:38] {magoo} DL vad lol?
[06:38] {Threei} no need to say "small shares", right?
[06:38] {Threei} lol mags
[06:39] {Threei} one more leg down, desirably close to 61.50
[06:39] {magoo} er 51.60
[06:40] {Threei} yes :)
[06:40] {magoo} just working with u boss
[06:40] {Threei} not in yet
[06:40] {magoo} no critique
[06:40] {Threei} ty
[06:41] {Threei} .67 low so far
[06:41] {bruce} how do you get that retracement entry trigger vad?
[06:41] {dino} fslr sm l 155.30
[06:41] {dino} wide risky
[06:41] {Threei} get ready, big leg is coming
[06:41] {magoo} vad. i feel more upside qqqq here
[06:42] {dino} out 160.30 +5.00
[06:42] {Threei} finger on a trigger
[06:42] {patience} dino gets first gold star of the day
[06:42] {bruce} wow dino
[06:43] {dino} lucky
[06:43] {Threei} in .33
[06:43] {dino} should've help, lol
[06:43] {Threei} .19 stop
[06:43] {dino} held
[06:43] {Roman} ESLR long
[06:44] {Roman} MBI long radar
[06:45] {esemde} whats your entry roman
[06:46] {Roman} 10.45
[06:46] {esemde} tks
[06:46] {esemde} i've bstop at .60
[06:46] {Threei} out half .55
[06:47] {Threei} .25 stop for the balance
[06:47] {Roman} in MBI super small 11
[06:47] {Threei} out balance
[06:48] {dino} seems too easy for that to be captulation in markets
[06:48] {Threei} what, no takers?
[06:48] {esemde} long eslr 1/2 lot .65
[06:52] {dino} de wants to go positive
[06:52] {dino} nyx too hmm
[06:52] {Roman} C long setup
[06:52] {Roman} citigroup
[06:53] {Threei} KLAC 43 break long if stays above .75
[06:53] {Roman} out ESLR +.50
[06:54] {dino} cyber cx issues, careful
[06:54] {esemde} out ESLR .91 =+.26
[06:54] {patience} nice ese
[06:55] {dino} gj ese
[06:55] {Threei} in KLAC aggressively
[06:56] {Threei} .69 stop
[06:56] {Roman} out MBI
[06:56] {Roman} -.08
[06:56] {magoo} are arca quotes good today??
[06:57] {esemde} tks
[06:57] {esemde} definately want to swing long on solars when this is over....
[06:57] {bruce} looks like lots of resistance at 43 in it vad
[06:58] {Threei} out
[07:00] {Roman} short GOLD
[07:00] {Roman} 42.22 super small
[07:03] {Roman} SOLF
[07:03] {Threei} QID short small
[07:03] {Threei} stop 51.21
[07:03] {Roman} long solf super small 16.15
[07:09] {bruce} shld dino
[07:10] {esemde} l ESLR again .85
[07:10] {Threei} NVDA .48 long
[07:11] {Threei} stop under .30
[07:13] {dino} sm ibm l 101.50
[07:13] {magoo} feels like pullbk coming imho
[07:13] {dino} sigm positive
[07:14] {dino} sorry bruce, distracted
[07:15] {esemde} me thinks your right magoo
[07:16] {dptl} stopped nvda
[07:16] {bruce} same dp
[07:17] {dino} agreeing w/magoo es? lol
[07:18] {magoo} cramer came on cnbc..said close critical
[07:18] {magoo} duh??
[07:19] {magoo} anywho..saird could see at 3:30 mkts down 600
[07:19] {Roman} cover GOLD +.48
[07:19] {magoo} he can scare poeple out
[07:19] {dino} gj rfr
[07:19] {magoo} herd mentalkity with cramer the lead buffalo
[07:19] {Threei} you mean they are not scared yet?
[07:19] {esemde} nice spread trade Roman
[07:19] {dino} yes magoo and last week he had everyone buying
[07:19] {magoo} i'm not
[07:19] {magoo} u know why?
[07:20] {dino} want a crazy call, end flat
[07:20] {magoo} always 100% cash
[07:20] {bruce} nuan short here dino?
[07:21] {dino} dk
[07:21] {magoo} vad, days like today is when luv being daytrader..cash
[07:21] {magoo} nbow pundits all calling for people to buy
[07:22] {dino} bruce, 1 at a time today for me
[07:22] {Roman} out SOLF +1.3
[07:22] {magoo} remember....wall street always always wants people in mkts
[07:22] {Threei} beauty Roman
[07:22] {dino} out ibm 102.60, +1.10
[07:22] {magoo} nice rfr
[07:23] {magoo} vad, how do we do the laser message as in..where is auto correction
[07:24] {Threei} under Level II tab
[07:24] {magoo} and should we even bother?
[07:25] {esemde} eslr above broke above daily high
[07:25] {dino} de strong
[07:28] {esemde} Vad...... opinion on the way the market is coming back?
[07:28] {esemde} sustainable
[07:28] {esemde} yes no?
[07:29] {Threei} looks so, but it can change on a dime
[07:29] {dino} my flat call looking good'
[07:29] {esemde} getting a volume feeling for that?
[07:30] {Threei} [08:34] {Threei} even with this cut and market jump, there are a lot of margin call sales lurking
[07:30] {Threei} [08:35] {Threei} and a lot of "let's dump while there is a rally" sellers
[07:30] {Threei} [08:35] {Threei} scared by constant barrage of "this is bear market that is here to stay" heandlines
[07:31] {dino} what does the beer market have to do w/it?
[07:31] {esemde} everythang man...everthing!!!!
[07:31] {magoo} qid long somewhere vad?
[07:32] {Threei} if you think we are done going up, sure
[07:32] {Threei} but, are we?
[07:32] {magoo} i wanna know what u think
[07:33] {Threei} sigh
[07:33] {Threei} you should know better, don't you? :)
[07:34] {magoo} anyione using arca quotes in laser here??
[07:34] {magoo} never mind they are bad
[07:34] {Threei} mine is off from last week
[07:35] {magoo} i just tried them...BAD
[07:35] {magoo} turned off now
[07:36] {dino} blog bruce
[07:37] {Threei} long QID small
[07:37] {Threei} .35 stop
[07:38] {Threei} need NQ to lose 1800
[07:40] {magoo} what entry u get?
[07:40] {Threei} .55
[07:40] {magoo} .65 here
[07:44] {dino} blog l .25
[07:46] {bruce} stop dino?
[07:46] {dino} .79 wide sm
[07:46] {bruce} k
[07:46] {bruce} in at 19 even
[07:46] {dino} beauty
[07:47] {bruce} thanx - small sto[p if fails
[07:49] {dino} fyi, everything is sm wide today, ok
[07:49] {dino} stopped blog
[07:49] {bruce} k
[07:49] {bruce} also stoppe3d
[07:49] {dino} sorry bro
[07:51] {bruce} all part of trading - no problem dino
[07:51] {bruce} lets find some wins
[07:53] {magoo} 100 shares bidu short RISKY
[07:53] {magoo} not yet..what i looking at
[07:54] {magoo} if QQQQ tanks..it will work
[07:56] {magoo} needs q tank..it will follow either way
[08:00] {bruce} sds dino?
[08:02] {dino} s&p ultra short?
[08:02] {Threei} yeah, SDS is not uour usual stock bruce
[08:02] {Threei} it's to S&P what QID is to NQ
[08:02] {dino} yes
[08:03] {patience} i trade it occasionally bruce but right now feels like dead cat bounce for awhile
[08:03] {dino} watching msft
[08:03] {bruce} thanks vad - patience
[08:04] {dino} scanner green
[08:05] {dino} msft l .00, stop .79
[08:06] {dino} going to go green on dji
[08:07] {dino} blog big old rinse
[08:08] {bruce} got msft at .02 dino
[08:08] {dino} thick, so don't expect too much, after 1/1 on your own ok?
[08:08] {dino} i am waiting at .40
[08:09] {dino} gs
[08:09] {dino} +4
[08:09] {patience} anybody know what time of day arbitrage between cross listed stocks occurs?
[08:09] {bruce} k - was my next ? - what to expect from it
[08:09] {bruce} thanx
[08:09] {dino} how did i miss my old friend
[08:09] {Roman} SPY topping
[08:09] {Roman} think short small 131.85 area
[08:10] {bruce} allout msft +.20
[08:10] {dino} what a rally
[08:10] {Threei} watching QID for scalp long
[08:10] {dino} gj bruce
[08:11] {bruce} deck is running dino
[08:11] {Roman} in SPY short
[08:11] {Roman} 131.90
[08:11] {dino} wow
[08:12] {dino} deck too strong, staying away
[08:13] {bruce} k - amzn and de also made run
[08:13] {esemde} this kind of action will create a serious market for beer dina...aka"beer market"
[08:14] {esemde} thats dino.....dina is your sister right?
[08:15] {dino} lol
[08:15] {dino} see my 10:20 flat call, almost there
[08:16] {Roman} cover SPY +.42
[08:16] {dino} gj
[08:17] {Threei} a lot of broker outage reports
[08:17] {dino} nyx green
[08:17] {Threei} laser is blemishless so far
[08:17] {magoo} agree vad
[08:17] {magoo} but arca worthless lately
[08:18] {Threei} not today's issue
[08:18] {dino} watching blog again bruce, it really jumps around
[08:18] {magoo} right
[08:18] {dino} maybe around lod for long
[08:19] {dino} cx issuies again
[08:19] {bruce} k
[08:19] {bruce} got it on sccreen
[08:20] {patience} sold my yen contracts and doubt short gold etf (HGD). i need patience for market to give trend
[08:21] {patience} double short
[08:21] {dino} patience needs patience, lol
[08:21] {patience} totally
[08:21] {dino} :)
[08:23] {Threei} ADTN getting ahead of itself
[08:24] {Threei} short small
[08:24] {Threei} stop above .60
[08:26] {dino} trying to get out of msft flat, order issues tho
[08:26] {magoo} marginable vad??
[08:26] {Threei} ?
[08:26] {magoo} gotcha
[08:27] {dino} he's laughing here vad
[08:27] {dino} who is this new magoo
[08:27] {Threei} lol
[08:27] {magoo} hes a happy guy vad, ever since u know what
[08:28] {Threei} good to hear... took me just about a year to convince him to be happy
[08:28] {magoo} yep..this is true
[08:28] {magoo} but i gotta say...lUVIN it
[08:28] {Threei} die ADTN
[08:29] {Threei} out half .12
[08:29] {Threei} +.33
[08:30] {dino} gj
[08:30] {Threei} ty
[08:31] {Threei} stop above .30
[08:32] {Threei} above .20
[08:33] {Threei} out in full
[08:33] {Threei} doesn't want to tank on 21 breakdown
[08:33] {magoo} nice vad
[08:34] {dino} markets order delays, down we go
[08:38] {dino} brb
[08:41] {patience} putting in some options stink bids....so much for patience
[08:47] {bruce} those are day trades patience?
[08:47] {dino} no those are stinky trades
[08:47] {patience} if i get filled? depends on how the day goes
[08:48] {dino} busting you of course
[08:48] {patience} more likely though if i am filled i'll let them swing
[08:48] {bruce} k - thought you needed a few days at least on most options traeds
[08:48] {patience} not that i know of
[08:48] {bruce} k
[08:49] {bruce} deck had nice dump dino
[08:49] {bruce} tought to call top though
[08:49] {bruce} I would havetthought 130 or so
[08:49] {dino} coco bloodf
[08:52] {dino} it was a good spot bruce
[08:53] {bruce} thanx dino
[08:55] {Threei} COCO daily is embodiment of disaster
[08:55] {Threei} 2/3 haircut
[08:55] {dino} indeed, but is there a bounce in there?
[08:56] {Threei} must be
[08:56] {dino} have to go sm
[08:56] {dino} not yet tho
[08:57] {Threei} one more pullback with .50 holding would be good
[08:58] {magoo} tyalking COCO?
[08:58] {Threei} yeah
[08:59] {Threei} if no pullback under .65, .73 will be worth a try
[09:00] {magoo} u gonna go?
[09:00] {Threei} in... just a scalp
[09:00] {Threei} .64 stop
[09:01] {magoo} in .74
[09:02] {magoo} thats me .13 waiting
[09:03] {Threei} out 7
[09:03] {magoo} out .99
[09:03] {magoo} changed mind
[09:03] {magoo} TY
[09:03] {Threei} yw
[09:03] {dptl} .99 for me too ty
[09:03] {Threei} :)
[09:03] {magoo} remembered the plan
[09:03] {Threei} easy one
[09:03] {magoo} SCALPAROO
[09:04] {magoo} oh shit
[09:04] {magoo} EASY Button
[09:04] {magoo} just hit it
[09:04] {dino} gj guys
[09:04] {magoo} er, um vad., your turn or mine {look to the right}
[09:05] {Threei} after you sir
[09:05] {magoo} ell my good man
[09:05] * magoo slaps LaserDave1 around a bit with a large trout
[09:05] * Threei slaps LaserDave1 around a bit with a large trout
[09:06] {magoo} that makes me smile everytime
[09:06] {magoo} simple pleasures get magoo
[09:07] {Threei} wow
[09:13] {dino} blog l .95
[09:14] {Threei} CSIQ long off .50 support if NQ goes up again
[09:16] {Threei} stop under .50, so regulate the size accordingly to entry you get... no particular trigger, rather NQ following trade
[09:17] {Threei} CECO
[09:17] {Threei} bounce candidate
[09:18] {Threei} half lot .25
[09:18] {Threei} .09 stop
[09:21] {Threei} panic
[09:22] {dino} ceco blood
[09:24] {magoo} cnbc pundits all concurr a retest of lows TODAY
[09:25] {magoo} just info here
[09:25] {dino} go long then
[09:25] {dino} i still say flat close
[09:25] {magoo} might be TOO obvious
[09:30] {bruce} out blog here dino?
[09:31] {dino} back in 10
[09:31] {dino} sm bruce, my stop is lod, but your call of course
[09:31] {bruce} k
[09:37] {Threei} can you believe COCO?
[09:38] {Threei} went almost a dollar since we took profit
[09:40] {dino} cpla down, all education stocks, slm pulling the plug on subprime student loans
[09:41] {dino} i guess the dumbing down of america approaches
[09:41] {bruce} tAKING BREAK
[09:42] {bruce} oops
[09:42] {bruce} sorry about caps
[09:42] {dino} tightening blog to .45 stop bruce, market not cooperating
[09:42] {bruce} fat fingers
[09:42] {bruce} I exited dino
[09:42] {dino} ok
[09:48] {magoo} bruce, u up today?
[09:49] {magoo} only, cause i know u were struggling a lil last week
[09:52] {Threei} PETS .70 small shares long
[10:00] {Threei} 9 break HOKU, half lot long, stop under .80
[10:04] {dino} de wow
[10:04] {dino} nhpi
[10:06] {Threei} ETFC
[10:06] {Threei} what kind of news is that
[10:07] {Roman} means all customers are worried and logging in to sell their portfolio
[10:07] {Threei} customers hit by Alzheimer over last 5 years remembered they had money in there and decided to take it out?
[10:07] {magoo} margin call worries
[10:07] {Threei} I like my version better Roman
[10:09] {Threei} new high is coming NQ
[10:10] {dino} going green
[10:10] {dino} because nobody thinks we can
[10:10] {dino} am i a contrarian or what
[10:10] {Threei} I am in tough position dino
[10:11] {dino} then move around
[10:11] {Threei} being contrarian myself, I think you are right yet having hard time agreeing with you - simply because contrarian disagrees wioth everyone
[10:11] {magoo} i just in it to win it lol
[10:11] {dino} i am hardly the "crowd" voice
[10:12] {dino} finally my 11:15 msft order is cancelled
[10:12] {Threei} I know... just pulling your chain
[10:12] {Threei} wow
[10:13] {magoo} maybe big ben got it right..going green
[10:13] {dino} perhaps the black swan was to reverse on everyone
[10:13] {Threei} IMO... this would happen with or without their intervention
[10:14] {magoo} see,,,8u contradicting magoo he he
[10:14] {Threei} lol
[10:14] {patience} just in case it escaped your notice....last friday afternoon i said i thought Monday's market would end up down after options expiry.....600 down on the TSX yesterday...not bad eh....
[10:14] {dino} wait until next week and they only cut a 1/4, crashhhhhhh
[10:15] {dino} i remember patience, good call
[10:15] {patience} tough crowd to ipress
[10:15] {magoo} now, if IF we actually retested lows today, 1000 point range
[10:15] {patience} oh, not you dino
[10:15] {patience} ty
[10:15] {patience} laughing
[10:15] {dino} my problem is i remember too much
[10:16] {magoo} u asking for it patience lol
[10:16] {Threei} not mine... I have hard time remembering word Alzheimer every time I want to explain why I don't remeber something
[10:16] {patience} are we talking 'trout' magoo?
[10:17] {magoo} indeed we are
[10:17] * magoo slaps patience around a bit with a large trout
[10:17] {dino} mad cow vad, mad cow
[10:17] {magoo} denny crane
[10:18] {dino} out blog .12,. +.17
[10:18] {Threei} feel free to exit CSIQ here who got it
[10:19] {Threei} +.50 for me
[10:19] {magoo} nice boss
[10:20] {patience} vad is aware he is now working to pay off the bathroom contractor doing his reno
[10:20] {Threei} no kidding
[10:20] {Threei} smallest room in the house... can't believe the bill
[10:23] {dino} i, unfortunately, understand
[10:25] {patience} first 30 minutes trading this morning was a rush...now it is just boring....wah...what happened to momo
[10:26] {Threei} out half PETS .90PETS
[10:26] {Threei} someone bought over the offer
[10:28] {magoo} u rockin now vad...HOKU next?
[10:28] {Threei} not sure about this one
[10:28] {magoo} pretty hard pullbk here gioing on
[10:28] {Threei} kind of indecisive
[10:29] {magoo} might be down time mkts
[10:30] {bruce} just got back
[10:30] {bruce} no mags - down on day down on month
[10:31] {dino} hmmmm, overtrading?
[10:32] {magoo} sorry to hear...
[10:32] {bruce} don't think so dino
[10:32] {magoo} u had 10 straight ups didn't u bruce in dec?
[10:32] {bruce} just losing on almost every trade
[10:32] {bruce} yes
[10:32] {bruce} wiped out in jan
[10:33] {dino} re-group in your mind bruce, slow down, wait for the pitch.
[10:34] {dino} sit back at opens, imo, because they have been very erratic
[10:34] {bruce} don't know wht to do diferently dino- jst taking room trades
[10:34] {bruce} k - flip side is open is biggest moves too
[10:34] {bruce} anyway - hangin in there
[10:34] {dino} i told you, i sized down and it worked, wider stops
[10:35] {bruce} I sized down too - kee[ing losses smaller
[10:35] {dino} have you widened stops then?
[10:35] {Threei} last few trades took today in green
[10:36] {bruce} I use vads stops on his plays
[10:36] {dino} good
[10:37] {dino} on my types size it down they are going much further than normal, both ways
[10:37] {magoo} u missed vads last 2 bruce? pets & csiq?
[10:37] {bruce} Itrade smaller on your plays dino and set wider stops
[10:37] {dino} good
[10:37] {bruce} bigger size with vad w his stops
[10:37] {bruce} doesn't matter
[10:37] {bruce} if I take trade it fails
[10:38] {bruce} bad luck I guess
[10:38] {dino} hang in there
[10:38] * Chaeron slaps LaserDave1 around a bit with a large trout
[10:38] {bruce} maybe just a strange run of bad luck
[10:38] {dino} it happens
[10:39] {Threei} good idea chaeron
[10:39] {bruce} yes
[10:39] * Threei slaps LaserDave1 around a bit with a large trout
[10:39] {bruce} should work the oterh way at times too
[10:39] * magoo slaps LaserDave1 around a bit with a large trout
[10:39] * magoo slaps patience around a bit with a large trout
[10:39] * magoo slaps roeder around a bit with a large trout
[10:39] * magoo slaps _pith around a bit with a large trout
[10:39] * magoo slaps _pith around a bit with a large trout
[10:39] * magoo slaps _pith around a bit with a large trout
[10:39] {magoo} new guy
[10:39] {Threei} trout rage
[10:39] {bruce} I like your plays dino - bigger range for both losses and wins
[10:40] {dino} :), had a lucky day
[10:40] {bruce} you bcaught that $5 win qat open
[10:40] {bruce} wponderful; start
[10:40] {Threei} dino tends to have abnormally high amount of lucky days {G}
[10:40] {dino} and lets not forget the ibm
[10:40] {bruce} I missed both of those
[10:41] {bruce} didn't catch the post
[10:41] {dino} and here comes msft
[10:41] {bruce} dinos wins aren't luck
[10:41] {bruce} no one is lucky consistently
[10:42] {_pith} somebody take that fish away from magoo
[10:42] {Threei} hence the {G} addition, bruce
[10:42] {Threei} pith, we tried...
[10:42] {dino} 10:13 ibm
[10:42] {Threei} he says we can pry it from his cold fingers only
[10:43] {_pith} good thing I'm partial to sushi
[10:43] * bruce slaps magoo around a bit with a large trout
[10:43] {dino} lol pith
[10:43] {bruce} too bad lums no here - he would have loved this am big moves
[10:44] {Threei} his broker had horrific outages today
[10:44] {magoo} true vad??
[10:44] {Threei} so maybe it's a good thing if he didn't trade today
[10:44] {Threei} yes
[10:44] {magoo} who MBT?
[10:44] {Threei} yeah
[10:44] {bruce} with his luck would have worked in his favor
[10:45] {magoo} whats up with MBT lately?
[10:46] {Threei} no idea, it's not like I am tracking
[10:47] {bruce} wasn't that your old broker vad?
[10:47] {Threei} years ago
[10:47] {magoo} mine 2 with vad
[10:48] {magoo} 1000 sh bidu sh 172
[10:48] {magoo} 100
[10:48] {magoo} OOPS
[10:48] {Threei} whew
[10:48] {bruce} wow 1000?
[10:48] {bruce} oh
[10:48] {Threei} scared the living dailight out of me
[10:49] {magoo} sory
[10:49] {Threei} spread widening alone can kill you on full lot BIDU, lol
[10:50] {bruce} what is top for that mags - looks like you need one bcuk at least
[10:50] {bruce} stop
[10:50] {magoo} $200 stop
[10:50] {magoo} looking for multi points down
[10:50] {magoo} goes with mkt tho
[10:50] {bruce} k two bucks makes sense to me
[10:51] {_pith} considering reentering trading, after an eight year hiatus... what are the best, fast ,dependable, direct access brokers / trading platforms available?
[10:51] {magoo} MBT
[10:51] {Threei} we use Laser pith
[10:51] {magoo} see bruce..give it room
[10:51] {Threei} icon on our website for contact their rep
[10:51] {magoo} QQQQ tanks it will tank
[10:52] {magoo} BUT if q runs..it will run
[10:52] {magoo} just feel we due for pullbk here
[10:52] {_pith} 3i.. they are going to set me up with a demo
[10:52] {dino} darn, can't get avtr short
[10:52] {Threei} cool, ask Laserdave for help with layouts etc
[10:53] {_pith} k
[10:53] {_pith} what is margin...4 to 1?
[10:53] {Threei} 10:1 intraday
[10:53] {Threei} no margin overnight
[10:54] {_pith} thats cool, dont like to hold overnight
[10:54] {bruce} yep mags - can't play that one w 50c stop
[10:54] {Threei} then it's arrangement for you
[10:55] {Threei} and don't hesitate to use trout on lasredave as attention getter
[10:55] {magoo} just keep stop @ 200 bux
[10:55] {magoo} do not let it get away
[10:55] {bruce} does that actually help vad?
[10:55] {Threei} sometimes
[10:56] {bruce} I didn't take it mags
[10:56] {Threei} phone is more reliable though :)
[10:56] {magoo} if lets go get 10 points
[10:56] {bruce} just checking your parameters
[10:56] {magoo} may need to exit and try again
[10:56] {bruce} I don't have a read on it long or short now
[10:56] {magoo} lay out 270
[10:57] {magoo} must layout
[10:57] {dptl} qid?
[10:58] {Threei} tough read dp
[10:58] {Threei} don't know
[10:58] {dptl} k
[10:58] {Threei} looks like time for market to drop
[10:58] {Threei} hence QID up
[10:58] {Threei} but I wouldn't call this read reliable enough to take the trade
[11:00] {dino} sm l blog .22, stop .78
[11:00] {_pith} I actually used to be in another trading room with you 3i, back before you started up shop. Went by the handle aragorn then, long time ago and I'm sure you dont remember, but you really helped me to develop a much safer trading approach.
[11:00] {Threei} wow
[11:00] {Threei} and I mean wow
[11:01] {Threei} that must be like 1998-1999
[11:01] {_pith} yea.. way back :)
[11:01] {dino} cool pith
[11:02] {Threei} welcome back to the jungle :)
[11:02] {magoo} why come back? if i can get out..i staying out
[11:02] {magoo} just can't get out
[11:02] {Threei} lol... magoo is ever warm and fuzzy
[11:03] {dino} darn blog, stopped done w/it
[11:03] {dino} big rinse too
[11:03] {LaserDave1} pith dcc please
[11:04] {_pith} :) dad died and I had to take care of the family farm for a few years. got into a position (hired help) that I can trade in the winter.actually looking forward to it. always loved to scalp
[11:04] {magoo} here we go bidu
[11:04] {Threei} scalps R us
[11:05] {magoo} LAYOUT 270..i off hook there
[11:05] {magoo} 200 bux for someone THERE
[11:05] {Threei} good one magoo
[11:05] {Threei} gutsy too
[11:06] {dino} gj magoo
[11:06] {magoo} still in vad, i want 6
[11:06] {magoo} just keeping room safe
[11:06] {Threei} someone's getting greedy
[11:06] {Threei} never mind my blabbing though
[11:06] {Threei} it's your trade and your read
[11:07] {magoo} out here
[11:07] {magoo} 269.75
[11:07] {Threei} hope I didn't influence your decision
[11:08] {bruce} still nice mags - one to one
[11:08] {Threei} I have no read on BIDU whatsoever, hate this stock
[11:08] {magoo} dino yelling at me..we said we were scalpin
[11:08] {magoo} i get greedy and forget
[11:08] {magoo} daytraders memory
[11:08] {magoo} 3.25 points tho
[11:08] {Threei} which equals triple alzheimer
[11:08] {Threei} attention span of a moth
[11:09] {dino} remember the plan magoo, protect profits
[11:10] {bruce} cool - thought you got 272 entry mags
[11:12] {bruce} which would be 2.25
[11:12] {Threei} it probably is bruce... magoo is just as good at math as he is at spelling
[11:12] {dino} he stepped out
[11:12] {bruce} k
[11:12] {bruce} or maybe his broker likes to throw in a sweetener
[11:13] {Threei} notice, his posted entry is 172
[11:13] {Threei} not 272 :)
[11:13] {Threei} tells you all you need to know about his typing skills :)
[11:13] {dino} lol
[11:13] {bruce} lol
[11:14] {dino} probably wrong stock
[11:14] {Threei} rofl
[11:14] {bruce} admire you on blog dino
[11:14] {bruce} nop way I'm gonna trade that pupp-y again today
[11:15] {magoo} he he, it was 272..sorry..remember first post wa 1000 shares
[11:16] {magoo} out was 269.75
[11:16] {magoo} 100 shg
[11:17] {dino} atro
[11:19] {Threei} dp... see how treacherous QID is here?
[11:19] {Threei} NQ looked like total breakdown coming
[11:19] {dptl} ye
[11:19] {Threei} instead, jumped 11 points
[11:20] {Threei} make that 13
[11:20] {magoo} yeah..problem is pundits and cramer said we'd retest today...so probably won't
[11:20] {magoo} to easy for shorts
[11:20] {bruce} ceco long try vad?
[11:20] {magoo} freakin media idiots
[11:21] {dino} max headroom magoo
[11:21] {Threei} with stop under 16, why not
[11:21] {bruce} in .13
[11:24] {Threei} UAE OIL MINISTER: RECENT FALL IN OIL PRICES 'A POSITIVE' - DAVOS COMMENTS- Says there is no shortgage in crude oil supply
[11:25] {magoo} there is a shortage at my house
[11:26] {Threei} you disconnected that secret pipeline bypass?
[11:29] {bruce} you talkin bout the brewery pipeline vad?
[11:29] {Threei} he had both actually...
[11:30] {bruce} out ceco +.09
[11:31] {bruce} nice - no more opening bottles - justput your mouth to that beer pipe and turn on tap
[11:33] {Threei} just between us bruce... he connected brewery one to his showerhead...
[11:34] {bruce} cool idea
[11:34] {bruce} sudsy shower
[11:34] {bruce} and leaves that manly scent when he's done
[11:35] {Threei} helps with hangover too
[11:35] {bruce} lol
[11:35] {Threei} breakdown or bounce this time NQ
[11:37] {bruce} you looking aat qid long vad?
[11:37] {Threei} or short...
[11:37] {Threei} I can't get a read on NQ
[11:37] {Threei} feels to me like down
[11:37] {Threei} but I'll be darned if I can nail safe entry
[11:38] {bruce} k
[11:38] {Threei} and don't want more of those annoying shakeouts
[11:39] {dino} feels down
[11:39] {magoo} last hour shoul;d be interesting
[11:40] {Threei} 1:1 CECO
[11:41] {bruce} out vad
[11:41] {bruce} dumped it when it hesitated at 22
[11:42] {bruce} not taking any chances todqay
[11:42] {Threei} no problem with that at all bruce
[11:42] {Threei} come on NQ die
[11:42] {Threei} show us some direction
[11:42] {Threei} any direction
[11:43] {Threei} yeah right
[11:43] {Threei} bounce right back into range
[11:43] {bruce} rmbs looks like it hasw some potential on a breakdown w nq
[11:44] {dino} so much for my down
[11:46] {magoo} tonite.DENNY CRANE
[11:51] {magoo} d
[11:51] {magoo} e
[11:51] {magoo} n
[11:51] {magoo} n
[11:51] {magoo} y
[11:54] {bruce} lol
[11:55] {bruce} you choosing restaruants mags?
[11:57] {magoo} he he
[11:57] {dino} he should, he's got the hot hand lately
[11:58] {magoo} just lucky
[12:04] {Threei} now it looks like up... so probably down
[12:05] {bruce} flip a coin
[12:05] {Threei} pretty much
[12:06] {magoo} speed channal has supercross on chaer
[12:06] {magoo} rd 2 phx
[12:08] {Threei} it's actually both... up and down
[12:09] {dino} out msft .24, +.24, took all day
[12:10] {bruce} good it worked
[12:10] {bruce} that was one of trades that worked for me but I exited long ago
[12:11] {dino} you were smart, .24 keeps rejecting it
[12:11] {dino} look back to .07
[12:12] {dino} sm l atro .06, wide
[12:12] {bruce} just nervous dino - not lettting anything retrace much
[12:13] {dino} good way to be, as they say; "buy when your hands are shaking, sell when confident"
[12:13] {dino} atro soread now, sheesh
[12:13] {dino} spread
[12:13] {bruce} it was one to one so took off table - as per your comment
[12:14] {bruce} blog is fnally paying you
[12:14] {magoo} whatchagot vad??
[12:14] {dino} yeah, now that i'm stopped
[12:14] {Threei} peanut butter/avocado sandiwch
[12:14] {bruce} oh - thought you were still in
[12:15] {bruce} thats creative vad
[12:15] {Threei} thinking of slapping some pasrtami on top
[12:15] {_pith} deepfried?
[12:15] {Threei} deepfried in chocolate
[12:16] {bruce} pastrami is good on anything
[12:16] {Threei} AATI... watching as possible short
[12:17] {Threei} 7.99 trig, 8.05 stop
[12:18] {magoo} marginable vad??
[12:18] * Threei slaps magoo around a bit with a large trout
[12:19] {bruce} shld looks a bit like your bidu short here mags
[12:19] {dino} ivgn blood
[12:20] {magoo} theres a significant difference imo bruce
[12:20] {magoo} shld is strong..up big in bad mkt
[12:20] {magoo} bidu was a train wreck..so weak
[12:21] {cosmo} PETS test 13
[12:22] {dino} abbey cohen on, wasn't she the one syiong buy buy buy at year end
[12:22] {dino} they just keep bringing them back
[12:24] {bruce} the institutions want out dino
[12:24] {Threei} big block above offer AATI
[12:27] {Threei} between up and down, market made funny choice: neither
[12:27] {magoo} figures right
[12:27] {Threei} still 30 minutes to decided though
[12:29] {magoo} aapl reports after bell
[12:30] {Threei} COST is indecently happy
[12:32] {dino} so is de
[12:33] {bruce} ivgn long around here dino?
[12:36] {dino} sm w/stop around .09
[12:37] {dino} they want to close flat
[12:37] {dino} i missed ivgn bruce
[12:37] {dino} -26 dji
[12:38] {bruce} me too dino - was thinking of it around .33
[12:38] {dino} i was at .40
[12:38] {dino} got it
[12:39] {bruce} worth a try on retraqce?
[12:39] {dino} lucky
[12:39] {dino} waiting at .80
[12:41] {bruce} good grab
[12:41] {bruce} you should be good to go
[12:42] {dino} can't get thru .64
[12:42] {Threei} die AATI
[12:43] {dptl} yes ....die
[12:43] {dino} indeed
[12:44] {Threei} infamous magoo flatliner
[12:46] {bruce} just like his heartbeat
[12:47] {Threei} lol
[12:47] {dino} thats cold, lol
[12:48] {dino} out ivgn .80, +.40, another beer for bruce, thx
[12:48] {bruce} wtg dino
[12:49] {bruce} missed it but was rooting for you
[12:49] {dino} your idea
[12:49] {dino} thx
[12:49] {magoo} .
[12:49] {dino} watch it go to 90 now
[12:50] {bruce} Ithink it will break 89 actuqally
[12:51] {bruce} end of day though
[12:51] {bruce} good exit
[12:52] {Threei} AATI, you blind or what?
[12:52] {dino} fast drop on ivgn
[12:53] {dino} no time tho, most likely done
[12:53] {bruce} yes - in retrospect - a prefect exit for you
[12:53] {dptl} wierd stock aati
[12:53] {dino} you have a good eye at those bruce, just figure out entries, and stops
[12:54] {bruce} hers your market dump
[12:54] {bruce} trying dino
[12:54] {magoo} u watching aapl after bell vad?
[12:54] {bruce} I can see stuff - but I seem to make a lot of bad entries
[12:54] {Threei} nah
[12:54] {magoo} lazy he he
[12:55] {magoo} u workin tomorrow?
[12:55] {Threei} I have had enough of chaotic stuff for one day :)
[12:55] {magoo} for 1 month u mean
[12:55] {Threei} pretty much
[12:56] {bruce} quiet - chaos - don't matter to me
[12:56] {bruce} just wqnt to start making some money
[12:57] {magoo} how come?
[12:58] {dino} algt wow
[12:59] {dino} ivgn drops a buck
[12:59] {dino} solars rocking
[13:00] {Threei} out AATI - 1 cent
[13:00] {bruce} ceco broke 17 on the retrace
[13:00] {Threei} have a good evening guys, see you tomorrow
[13:01] {dptl} have a good evening all
[13:01] {dino} you 2, good job guys/gals
[13:01] {bruce} night all
[13:01] {magoo} ty vad
[13:01] {magoo} good nite
[13:01] {dino} ditto
Session Close: Wed Jan 23 00:00:00 2008