Session Start: Fri Jun 06 00:53:37 2008
[08:30] {Threei} MAY UNEMPLOYMENT RATE: 5.5% V 5.1%E
[08:30] {Threei} MAY CHANGE IN NONFARM PAYROLLS: -49K V -60KE; CHANGE IN MANUFACTURING PAYROLLS: -26K V 46KE
[08:30] {Threei} - Prior Nonfarm Payrolls revised from - 20K to -28K
[08:30] {Threei} - Prior Manufacturing Payrolls revised from -46K to -49K
[08:31] {Threei} MAY AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS:33.7 V 33.7E
[08:37] {Threei} RUSSIA: IF GEORGIA WERE TO JOIN NATO, IT WOULD CAUSE A "VERY NEGATIVE SPIRAL"
[08:47] {Threei} FED'S KROSZNER SAYS CREDIT CONDITIONS ARE STILL TIGHT, BUT FINANCIAL MARKETS WILL RECOVER GRADUALLY
[08:47] {Threei} - Adds that finacial markets gennerally improved but risk premiums in markets remain wide
[09:01] {esemde} I' m here...I'm here...let the bells ring let the banners fly...I'm here!!!
[09:01] {Threei} good morning :)
[09:01] {esemde} morning
[09:02] {fernp} Good morning
[09:03] {esemde} fern
[09:03] {Threei} fern :)
[09:04] {magoo} msrfhkfhsfhskmfh
[09:04] {Threei} great... it's just 6 am here, and we already have to think?
[09:04] {esemde} NSM The company said sales rose +1.3% to $462 million in the period ended May 25 and that profit was 34 cents a share, exceeding analysts estimates of 26 cents a share
[09:05] {Threei} traded near 24.50 earlier, retreated into 24
[09:06] {Threei} IVAN The Terrible gapped a little
[09:06] {esemde} LEH rumors persist Vad....$5billion in new capitol maybe by next week
[09:07] {Threei} yeah, circulated yesterday, about borrowing from unnamed Asian institution
[09:07] {esemde} up 1.2% in european trading
[09:07] {Threei} spokeperson refused to comment
[09:07] {esemde} ya i remember that post
[09:08] {esemde} mags did well with that stock if I remember correct
[09:09] {esemde} ouuuuu up over 34 as well
[09:09] {Threei} he can't comment on that ese
[09:09] {Threei} his short termmemory is, ummm
[09:09] {esemde} pourquo???
[09:10] {Threei} he is likely to say "what's LEH?"
[09:10] {esemde} ahhhhhh
[09:11] {dptl} good morning all
[09:11] {esemde} dp
[09:11] {Threei} dp :)
[09:11] {Threei} looking through yesterday's heroes
[09:11] {Threei} VVUS no trades yet
[09:11] {Threei} SQNM slight gap down
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:12] {esemde} dino
[09:12] {Threei} QTWW slightly down
[09:12] {esemde} fouuuurrrrrr!!!!!!
[09:12] {dino} lol
[09:12] {dino} isph
[09:13] {Threei} ACOR no trades yet
[09:13] {esemde} now theres one i was watching a bit
[09:13] {magoo} were we looking at LEH yesterday?a short yesterday?
[09:14] {Threei} now, here is embodiment of short term memory: "what's LEH and who is magoo?"
[09:14] {Threei} no mags
[09:15] {esemde} you made money on that baby
[09:15] {Threei} we shorted it two days ago, then I said it's not BSC, let's back off shorting it
[09:15] {Threei} at least for now
[09:15] {magoo} ahhhhh/
[09:15] {Threei} overall, we had great week, let's remember it's Friday and cut down on aggresiveness
[09:15] {magoo} ahhhhh..and i played it ES?
[09:16] {magoo} how u remember such things so far back ES? he he
[09:17] {Threei} what just happened with oil?
[09:18] {Threei} ICAHN SENDS LETTER TO YAHOO BOARD; SAYS HE WILL SEEK A BID OF $33 OR MORE FROM MSFT
[09:18] {Threei} - reiterates his call for the Board to remove the severance plan
[09:18] {Threei} - says a Yahoo ad deal with Google should not prevent an acquisition by MSFT.
[09:19] {esemde} you played it right mags and I didn't....thats how I remember
[09:20] {magoo} there was a good lesson in that...once u enter a trade...if it doesn't hit your stop...stay with it..let it trade...the "noise" took u out ..if i recall..it was your trade..i just liked it
[09:24] {Threei} maybe this
[09:24] {Threei} http://www.ft.com/cms/s/0/ce864e1a-33b7-11dd-869b-0000779fd2ac.html?nclick_check=1
[09:24] {hawkfan4} oil up 6.50? ouch
[09:24] {Threei} yeah
[09:25] {hawkfan4} dust off them bikes
[09:25] {Threei} ocuh is the only thing I can think of
[09:25] {esemde} 6.50????? you've got to be kidding
[09:28] {Threei} let me reiterate
[09:28] {Threei} today is the day to be retsrained and conservative
[09:29] {magoo} scalpers friday boss
[09:29] {Threei} don't risk nice weekly gains to evaporate, this oil move coupled with weekend uncertainty is likely to produce quite messy moves
[09:29] {Threei} yes sir
[09:30] {Threei} see, a l,ot of people bet on oil topping out
[09:30] {Threei} remember we said a few days ago,
[09:30] {Threei} it's likely to be just a breather, then oil is to put another round of pressure
[09:31] {Threei} this is what's happening, and a lot of unwiding positions will kill the order in the markets
[09:31] {Threei} as panic usually does
[09:33] {dino} hmmm
[09:33] {Threei} SOLF
[09:34] {Threei} 22 break long half lot if stays above .85
[09:35] {esemde} long Solf
[09:35] {Threei} 1:1 faster than you can say mama
[09:35] {esemde} .03 1/2 lot
[09:35] {Threei} 1:2
[09:35] {Threei} I'll kleave it to you to decide where to take profit but if I were you...
[09:35] {esemde} out Solf .35
[09:35] {Threei} I would be soo out of it here
[09:35] {Threei} qwtg
[09:36] {Threei} nice way to start the day with easy money
[09:36] {esemde} +.32 Thanks you Vad
[09:36] {Threei} trade took all of 1 minute
[09:36] {esemde} wow....
[09:36] {Threei} ROYL
[09:36] {dino} gj
[09:36] {Threei} ummm
[09:36] {Threei} want some pullback on it
[09:36] {Threei} closer to 9.50
[09:37] {Threei} half lot as well, volatile animal
[09:38] {Threei} if ROYL doesn't give us an entry and just continues going, consider playing OMNI as ROYL's symapthy
[09:38] {Threei} it lags a bit but likely to catch up with it
[09:38] {dino} jaso sm l .50
[09:40] {Threei} unplayable moves by ROYL
[09:40] {dino} out jaso .90, +.40
[09:40] {Threei} wtg
[09:41] {Threei} if SOLF and JASO{ why not CSUN
[09:41] {dino} my thinking
[09:41] {Threei} let's try 12 break if stays abive 11.90
[09:41] {Threei} needless to say, half lot
[09:42] {Threei} I am on ultraconservative side today
[09:42] {magoo} in .04
[09:42] {Threei} stop under 11.90
[09:42] {dino} stld spike
[09:42] {Threei} let's keep it tight, even at risk being shaken out
[09:43] {dino} i may be wrong, but i feel this oil spike is going to fade hard today
[09:43] {Threei} lord, I hope youi are right
[09:43] {dino} finally he calls me lord, :)
[09:44] {Threei} lord, I hope youi are righthehe
[09:44] {Threei} don't know if anyone found guts to try ROYL but if you did - stop under .30, and don't oversit it
[09:44] {dino} v sm risky s oyog .00
[09:45] {Threei} WHITE HOUSE: MAY JOBLESS NUMBER IS TOO HIGH FOR OUR LIKING, BUT DOES NOT REPRESENT RECESSION - SPOKESPERSON
[09:45] {Threei} - The jobs number is in line with a slowing economy.
[09:46] {Threei} if this offer at .08 is taken, CSUIN should post nice spike
[09:46] {Threei} there
[09:46] {Threei} now spike, will ya
[09:47] {dino} oyog stopped -.30
[09:47] {Threei} .15 day high to take and scrrrrrollll
[09:49] {Threei} scxalpers trail CSUN stop to .95
[09:50] {Threei} sane traders keep it under .90 still
[09:50] {Threei} SOLF new high
[09:50] {Threei} wake up CSUN
[09:50] {Threei} your turn
[09:52] {esemde} Solf move by SOLF thats for sure
[09:52] {esemde} thats "nice Move"
06[09:54] * Threei kicks CSUN in the rear with heavy duty army boots
[09:54] {Threei} stop taking your sweet time, get off that couch and go
[09:55] {Threei} I really couldn't find guts to call SQNM again, lol
[09:56] {magoo} look at LEH chgart
[09:57] {Threei} I don't want to
[09:57] {Threei} RCH
[09:57] {Threei} 10 break half lot
[09:58] {Threei} stop under 9.90
[09:58] {Threei} 9.80 is safer level for a stop but again...
[09:58] {magoo} in 05
[09:58] {Threei} don't chase if missed close to 10
[09:58] {Threei} it gives quite hard pullbacks
[09:59] {Threei} if you chase, they maybe impossible to stomach
[09:59] {Threei} fiiiinally CSUN
[09:59] {magoo} csun needed to finish its coffee first
[10:00] {dino} here comes -200
[10:00] {Threei} scalpers have their 1:1 and more
[10:01] {dino} 12342 target
[10:01] {Threei} again... I weill leave it to you to decide on profit taking, I am going to keep you from pure scalps today only when I feel very strongly about something
[10:01] {dino} oih fast fall
[10:02] {dino} watching nyx cme, ma
[10:11] {magoo} any bounce in SOLF CSIQ vad?
[10:12] {Threei} sure there is, I just don't have any realiable read on it
[10:13] {dino} nyx sm l .99
[10:15] {Threei} CHINESE PRESS REPORTS 'POWERFUL' EARTHQUAKE IN EAST TIMOR
[10:15] {Threei} you still in RCH magoo?
[10:15] {magoo} yeah
[10:15] {magoo} csun too
[10:17] {magoo} was waiting csun .43
[10:18] {magoo} same area rch
[10:23] {dino} chtt
[10:23] {dino} beav
[10:25] {dino} sm l beav .80
[10:26] {Threei} IVAN
[10:26] {Threei} TO RAISE C$50M IN FUNDS THROUGH SPECIAL WARRANTS PRIVATE PLACEMENT
[10:26] {Threei} - The funds to be raised will be used by the Company to make the initial payment of Cdn.$30M required under the Company's agreement with Talisman Energy Canada to acquire Talisman's interests in three leases in the Athabasca oil sands region in the Province of Alberta, Canada, which was announced on May 29, 2008, and for working capital purposes
[10:28] {judijim} gm all
[10:28] {Threei} jj :)
[10:29] {dino} beav stopped -.38
[10:29] {Threei} LEH short scalp, fuzzy entry somewhat
[10:29] {Chaeron} hi everybody
[10:29] {Threei} as close to 34 as you can get, stop 34.10
[10:29] {Threei} chaeron :)
[10:32] {Threei} RCH looking good for you magoo
[10:34] {dino} ugh beav
[10:34] {magoo} is it related to quakes?
[10:35] {Threei} well, it's construction company
[10:35] {Threei} maybe
[10:37] {dino} steels rocking
[10:37] {dino} well cenx at least
[10:39] {Roman} 21 RCH +5.3% (profiled in Inside Wall Street section of Business Week)
[10:39] {Roman} 21 earlier this morning
[10:40] {dino} safm
[10:41] {Threei} hit your exit area
[10:41] {Threei} magoo?
[10:43] {magoo} trying .41
[10:43] {magoo} out ty
[10:43] {Threei} welcome
[10:44] {Threei} for adrenalin-deprived:
[10:44] {Threei} SQNM long .95 if stays above .75
[10:45] {esemde} ugly ugly day......hardly anything to look at..
[10:45] {Threei} come on... didn't we get 3 winners yet??
[10:45] {Threei} 4
[10:45] {Threei} forgot SOLF
[10:46] {esemde} true....slim pickens
[10:46] {Threei} how many do you need for 1 hour of Friday trading, lol
[10:46] {Threei} what's with expectations {G}
[10:47] {Threei} and I don't count LEH short since entry was way too discretionary
[10:47] {Threei} that one worked too
[10:48] {esemde} referring to my screens mostly...hardly anything showing
[10:49] {Threei} well, remember the joke about potential immigrant asking for another globe to find where he wants to go...
[10:49] {dino} nue vsm l .15
[10:50] {magoo} no..huh?
[10:51] {esemde} no....
[10:51] {Threei} your guys short term memory is way too short, lol
[10:51] {Threei} haven't found any suitable country on the globe, so he asked for another globe
[10:52] {dino} i remember
[10:52] {dino} kgb right
[10:52] {Threei} yes sir
[10:52] {dptl} lol
[10:52] {esemde} ha ha....
[10:53] {Threei} now, don't ask me what the connection to ese's reference to his screens not moving is... under the threat of being trouted
[10:53] {peterg} at stage in trading as in helicopter pilot training: death grip on controls.
[10:53] {Threei} make it fun peter
[10:54] {peterg} good plan!
[10:54] {Threei} keep shares so small for starters that it can't hurt
[10:54] {peterg} still greedy, working on that]
[10:54] {Threei} go once again over MPP, Practical Trading chapter
[10:54] {Threei} and follow the procedure to the letter
[10:54] {peterg} Roger that
[10:55] {Threei} trading should be fun, otherwise why bother
[10:56] {peterg} that's what my therapist said about life before he killed himself (joke)
[10:56] {magoo} uh..to earn a living duh
[10:56] {Threei} lol peter
[10:56] {Threei} not really mags
[10:56] {Chaeron} Vad gives all his to the nice Nigerian ppl that email him
[10:56] {Threei} I have never seen a trader who would be consistently profitable while trading with white lips and blue knuckles
[10:57] {Threei} don't see it as money making vs fun
[10:57] {Threei} they go hand in hand
[10:57] {Threei} when you get it right, it's highly enjoyable process
[10:57] {Threei} ummm... is it blue lips and white knuckles?
[10:58] {peterg} That I believe--all muscles tense. More vodka!
[10:58] {Threei} lol
[10:58] {dino} have some fun, don't try too hard
[10:58] {dino} safm sm l .165
[10:58] {peterg} OK tks, off for two hours on day job, then back.
[10:58] {dino} .15
[11:03] {dino} cpla good drop, thin
[11:03] {Threei} bunwalla, rodnewy... feel free to chime in with comments or questions if you got any.... for some reason trialers lately doubt if they have right of speech
[11:06] {dino} oh sorry, i told them no talking
[11:06] {_bunwalla} thnks. just trying to get a feel before i chime in...
[11:06] {dino} 12342
[11:07] {Threei} :)
[11:07] {Threei} Friday is not the best day to get a feel...
[11:07] {Threei} but then again, I have an excuse for every day, lol
[11:07] {Threei} Monday is hangover day
[11:09] {Chaeron} we're flat right?
[11:09] {Threei} right now, yes
[11:09] {Threei} SQNM never triggered and got invalidated
[11:09] {Chaeron} whew... thanks
[11:09] {magoo} what u call me?...fat?
[11:09] {Chaeron} oink
[11:10] {Threei} here is my favorite illustration to Monday:
[11:10] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:11] {dptl} roflol
[11:16] {dino} -2% +/- ndx, dji
[11:16] {dino} getting a bit extreme
[11:21] {dino} beav l sm .65
[11:29] {Threei} remember PEIX short from a while ago?
[11:30] {Threei} getting tempted again
[11:30] {Threei} just hate that it's so narrow
[11:30] {Threei} unlikely to give something significant within one day
[11:31] {Chaeron} not shortable
[11:31] {Chaeron} here at least
[11:31] {Threei} argh
[11:31] {Threei} used to be
[11:31] {dino} tough to short w/markets down 2%+, imo, odds go lond
[11:31] {Threei} oh well
[11:31] {Threei} PEIX is in its own universe... doesn't really relate to market
[11:32] {dino} you are the master
[11:34] {magoo} jesus christ..itsd the end of days
[11:34] {magoo} never bounce ever again
[11:36] {dino} rally
[11:37] {Threei} BRCM
[11:37] {Threei} .08 long for a scalp
[11:38] {Threei} if stays above 28
[11:40] {dptl} l .09
[11:40] {dino} rate blood
[11:41] {Chaeron} in BRCM @ .09 too dp
[11:41] {Threei} interesting chart EVVV
[11:42] {Threei} .31 two day's break
[11:42] {Threei} slooooow
[11:43] {esemde} have to be off see you all monday....Vad if you get a chance pop by the Oak Bay Tea Party 2:00pm....for my Rhythm and Blues Band
[11:43] {Threei} where is it ese?
[11:43] {dino} later es
[11:43] {Threei} oak bay ave?
[11:43] {esemde} Willows Beach....
[11:43] {Threei} ah
[11:43] {Threei} will try :)
[11:43] {esemde} Beach Drive
[11:43] {Threei} I know :)
[11:43] {esemde} see ya
[11:43] {Threei} stopped BRCM
[11:44] {Chaeron} yep - me too... -.12
[11:45] {dino} bmti
[11:46] {fernp} VLNC around the $3.50
[11:47] {Threei} shakeout BRCM
[11:47] {Threei} oh well
[11:53] {dino} cpla sm l .30
[12:02] {Threei} YHOO
[12:02] {Threei} ISSUES STATEMENT ON ICAHN LETTER
[12:02] {Threei} - Leaving aside Mr. Icahn's inaccurate interpretation of our retention plan, we again note that he has no credible plan to operate Yahoo!.
[12:02] {Threei} - We believe that Mr. Icahn's suggestion that we cancel our retention plan would have a destabilizing impact on Yahoo! and would clearly not be in the best interests of our shareholders.
[12:02] {Threei} - Furthermore, his suggestion that we put out a price publicly to see if Microsoft will alter its stated position is ill-advised. As we have stated numerous times publicly and privately, we are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders.
[12:02] {Threei} neverending saga
[12:10] {Chaeron} RIMM ?
[12:11] {Threei} looks to go if market does... .50 closest support, if can get it close to it worth a try
[12:16] {magoo} AAPL was stronger..same..moves with mkt
[12:19] {Threei} beautiful bounce right off .50
[12:19] {Threei} clean scalping footwork
[12:26] {dino} safm stop to b/e
[12:29] {dino} safm stop +.01
[12:29] {dino} .06 i mean
[12:39] {dino} amln
[12:44] {dino} damn safm too tight
[12:58] {Threei} yawn
[13:01] {Threei} why didn't I trust PARL
[13:02] {Threei} watching if pullback shows entry
[13:06] {dino} cpla to .40 mkt sucks
[13:07] {magoo} this mkt is severely damaged
[13:08] {Threei} oil highs do it I'd think
[13:08] {dino} cpla stopped ave .35, +.05
[13:08] {Threei} CRUDE OIL FUTURES HIT RECORD HIGH AGAIN, $135.49
[13:09] {patience} i love my electric scooter
[13:09] {Threei} no kidding
[13:10] {Threei} my 21-gallon tank feels like bottomless abyss now when I fill it up, lol
[13:10] {hawkfan4} 136
[13:13] {Chaeron} parl?
[13:13] {Threei} hard to tell if break is worth the risk
[13:13] {Threei} level 2 is so thin
[13:14] {Chaeron} thanks
[13:14] {Threei} see these bids with no support?
[13:14] {Chaeron} yes
[13:14] {Threei} would be of less concern if there was a clear momo
[13:15] {Threei} but as it is, it can drop 30 cents in one gasp
[13:15] {Chaeron} no thank you
[13:18] {Threei} I don't think we've ever had such one-day spike in oil
[13:19] {Chaeron} "If Iran continues its nuclear weapons programme, we will attack it," said Shaul Mofaz, who is also transportation minister.
[13:19] {Threei} yeah
[13:19] {Chaeron} Israeli Transportation Minister
[13:20] {Threei} that's what I linked earlier as probable explanation
[13:20] {Threei} here is the thought that I hate:
[13:20] {Chaeron} geesh... what the heck is the DEFENSE Minister saying then?
[13:20] {Threei} follow this logic:
[13:21] {Threei} Israel is not very keen on idea of Obama becoming president,
[13:21] {Chaeron} oh wait... this guy is up for Defene Minister... that's right...
[13:22] {Threei} in order to support McCain, creating feel of imminent threat to security is plausible way to go
[13:22] {Threei} racthing up the rhetorics and tension, while playing in this direction, at the same time pushes oil higher
[13:22] {dino} y
[13:22] {Chaeron} no no... that's ok... we'll reason with them... diplomacy first always works
[13:23] {dino} yeah, right, diplomacy in the muslim world, heck they don't even let their women go to school
[13:23] {Threei} and btw, it's not really strange that transportation ministry makes these comments
[13:24] {Threei} for one thing, it creates deniability for those who are responsible for ultimate desicion,
[13:24] {Threei} and for another, Israel's govt is militarized enough for any potrfolio to be involved
[13:25] {dino} sooner or later it will happen
[13:25] {dino} most likely sooner
[13:26] {Threei} so... who can cause us more harm, our foes or our friends? {G}
[13:27] {Threei} since there are no friends in politics, there are interests only... would it be impossible to see Israel's action causing even more pain at the pump?
[13:27] {Threei} Chaeron... have a look at PARL
[13:28] {Chaeron} gasp
[13:28] {Chaeron} :)
[13:28] {Chaeron} thanks
[13:29] {dino} beav stopped -.38
[13:38] {dino} ,midd sm l .00
[13:42] {Threei} FED'S BULLARD: SLOW GROWTH IS NO JUSTIFICATION TO CUT RATES AGAIN, THE LAST CUSTS WERE PREEMPTIVE, NOW IS THE TIME FOR PATIENCE
[13:42] {Threei} - Inflation expecations are fragile, risking breakdown. Forecasts for headline CPI above 3% are disturbing, wants to see inflation between 0.5-1.5%.
[13:42] {Threei} - Calls for action to control inflation expectations, sees the Fed's key job as inflation control. Fed rate policy will shortly turn to inflation control.
[13:42] {Threei} - Housing has been extraordinarily weak, but housing prices may be close to fair value today.
[13:42] {Threei} - Remains too early to say whether the market turmoil has ended, but Fed lending facilities have helped ease the strain.
[13:42] {Chaeron} did the fed just ask for Patience's help out of this mess? :)
[13:43] {Threei} they sure did
[13:46] {Threei} look at USO daily
[13:46] {Threei} this bar today,
[13:46] {Threei} it's either island bar or breakaway gap
[13:46] {Threei} Now, who would have thoufght this boring geeky matter is one defining the future of the country
[13:47] {Chaeron} I'm wishing I was at an island bar about now.......
[13:47] {Threei} lol
[13:47] {Threei} I'd join you
[13:47] {Chaeron} I'll buy
[13:48] {Threei} second round is on me then
[13:48] {Chaeron} done
[13:48] {Threei} Island is not in the plans for nearest future though, planning Alaska cruise instead
[13:50] {dino} you'll love it vad, 2 years ago i did the alaska cruise/tour package awesome
[13:50] {dino} princess
[13:51] {dino} amln sm l .00
[13:51] {Threei} serenade of the sea here
[13:52] {Threei} carribean line
[13:53] {Threei} when we have a few min next week, tell me which tours you took?
[13:53] {dino} i'd like to go again
[13:54] {dino} ok
[13:54] {Threei} AMAZON.COM HOME PAGE IS CURRENTLY DOWN; SITE ONLY SAYS "SERVICE UNAVAILABLE"
[13:54] {Threei} what kind of news headline is that
[13:55] {dino} mdco
[13:58] {Threei} OK PARL
[13:58] {Threei} if it intends to bounce at all, it has to be from here
[13:58] {Threei} stop under .80
[13:58] {_rant} crazy day
[13:58] {_rant} feels too late to short
[13:58] {_rant} and not too early to go long
[13:59] {_rant} fmcn ?
[14:03] {Threei} shirt if anything
[14:03] {Threei} on .50 break
[14:03] {Threei} short that was
[14:04] {_rant} market seems to be done selling
[14:05] {Threei} if loses 2010, will pick up new round of weakness
[14:05] {_rant} i m confused abt TSL
[14:05] {_rant} oil is up..and TSL is down 8.5%
[14:07] {Threei} gave nice report this morning too
[14:07] {_rant} ya
[14:07] {Threei} just shows you how much conventional logic applies to market
[14:07] {_rant} but fslr is green
[14:07] {_rant} weird
[14:08] {Threei} why SOLF, JASO, CSUN are red with this oil move?
[14:08] {_rant} true..but not as bad as TSL
[14:08] {Threei} no relation stays the same in the market... it works for a while, then it changes
[14:09] {Threei} they all used to move in unison with oil
[14:09] {dino} itmn
[14:09] {Threei} go with patterns, forget conventional logic
[14:09] {Threei} it never worked in markets
[14:10] {_rant} ya
[14:10] {_rant} makes ur head go crazy
[14:10] {Threei} short periods of time when it seems to be working are just to lure in those who can't live without logic
[14:10] {Threei} noty really
[14:10] {Threei} just different way of thinking
[14:10] {Threei} it's simple really:
[14:10] {_rant} when its a 300 pt down day
[14:11] {_rant} should u trade more longs or shorts ?
[14:11] {Threei} everyone on Earth understands concept of "good news - up, bad news - down"
[14:11] {Threei} thus, it can't work like this in market
[14:11] {Threei} because if everyone is right, who is losing then?
[14:11] {_rant} true
[14:11] {Threei} and if no one losing, who those who are right take money from?
[14:12] {Threei} see how FMCN flushed down again?
[14:13] {_rant} ya
[14:13] {_rant} WB ?
[14:13] {_rant} 20 holding out
[14:14] {_rant} vad, what should u be doin on 300 pt down days ?? play on the long side or short side more ?
[14:19] {Threei} you assume all 300 pt down days are the same
[14:19] {Threei} there are no single rule for that
[14:20] {Threei} here is one question that will show the difference:
[14:20] {Threei} how is -300 reached, in sharp verticla selling or by slow gradual ordrly slide?
[14:20] {Threei} obviously those are going to be very different cases, right?
[14:20] {_rant} yah
[14:20] {_rant} this seems gradual selling
[14:21] {_rant} stop losses triggering it more and more
[14:21] {Threei} pretty much
[14:22] {_rant} i will play the spectator today
[14:30] {dino} c'mon, get your hands dirty
[14:30] {_rant} scalped WB
[14:30] {dino} :)
[14:31] {_rant} compulsive :)
[14:39] {Threei} oil closed 139?
[14:39] {Chaeron} *sigh*
[14:40] {fernp} I have to go out. Have a great weekend all.
[14:40] {Threei} take care fern, have a great one
[14:40] {_rant} 139
[14:40] {_rant} wow
[14:40] {magoo} bye femp:)
[14:40] {_rant} brutal
[14:41] {dino} cya fern
[14:50] {dino} out nue .22 +.07
[14:54] {Chaeron} where's Lake Louise? how far from Vancouver?
[14:55] {Threei} Canadian rockies
[14:56] {Threei} within one day of driving
[14:56] {_rant} beav anyone
[14:56] {Chaeron} one day? heck... looking at Cathedral Mountain Lodge.... http://www.cathedralmountain.com/
[14:57] {Threei} not a full day... but closer city would be Calgary
[14:57] {Chaeron} oh ok
[14:57] {Chaeron} incredibly beautiful
[14:57] {Threei} oh yeah
[14:58] {Threei} and Moraine lake is even more picturesque
[14:58] {Threei} short drive from Lake Louise
[14:59] {dino} beav stopped me twice today, done w/it
[15:02] {peterg} Beginning to have fun, gun to head making paper trades!
[15:03] {Threei} :)
[15:07] {peterg} CALM?
[15:08] {magoo} c'mon boyz..buy into bell
[15:08] {Threei} boyz are skeered
[15:09] {Threei} CALM may be worth a try if retreats to 33
[15:09] {magoo} i shoulda asked earlier:)
[15:10] {Threei} can you really blame them
[15:10] {Threei} what power you have mags
[15:11] {Threei} may I ask you to demand lower oil?
[15:11] {dino} v magoo all powerful +60 points
[15:11] {Threei} please?
[15:11] {_rant} wow..beav is breakin up
[15:12] {dino} rant if you were sitting in the next office i'd throw something at you for bringing up beav
[15:12] {_rant} :)
[15:12] {dino} so instead i'll throw something at magoo
[15:12] {_rant} not getting greed now
[15:12] {_rant} will exit
[15:12] {magoo} ouch
[15:13] {dino} gj
[15:15] {_rant} fmcn is stuck at 31.50
[15:17] {magoo} c'mon boyz..don't stop now
[15:18] {_rant} few shorts covered
[15:18] {_rant} thts pretty much it
[15:18] {_rant} now back down
[15:20] {Threei} out yourself in boyz shoes
[15:21] {Threei} do you want to carry any position into weekend with what we had today?
[15:30] {dino} stopped amln -.06 at .94
[15:30] {dino} tighten midd stop to .08
[15:31] {Threei} is SQNM worth the risk or not
[15:31] {Threei} that is the question
[15:31] {Threei} IMO, hardly
[15:31] {Threei} not a good time for momo plays
[15:31] {Threei} and SQNM's momo is dying
[15:31] {dino} out midd .07, +.07
[15:38] {Threei} peter
[15:38] {Threei} nice find CALM
[15:38] {Threei} way to go
[15:39] {Threei} NIGERIAN OIL MIN: OPEC CAN INCREASE PRODUCTION IF NECESSARY
[15:39] {Threei} woohoo
[15:39] {Chaeron} wa that in an email to them? :)
[15:39] {Chaeron} asking for money?
[15:39] {Threei} lol
[15:41] {dino} risky sm ma l 296
[15:44] {peterg} Made .07 in CSCO so as not to feel defeated.
[15:46] {dino} gj
[15:50] {dino} out ma flat
[15:51] {dptl} have a good weekend all....:)
[15:51] {Threei} take care dp
[15:52] {dino} u2
[15:52] {Threei} lows again
[15:53] {Threei} boyz are dumping
[15:54] {magoo} they dissappoint
[15:54] {Threei} OK guys, thank you all
[15:55] {Threei} let's have a great relaxing weekend
[15:55] {magoo} ty vad
[15:55] {Threei} see you all on Monday
[15:55] {peterg} tks & by all
[15:56] {_rant} it will be interesting monday
[15:56] {_rant} 390 pts down
[15:56] {_rant} wow
[15:59] {_rant} some kind of record ? 405 pts
