Tuesday, August 19, 2008

Aug 19 2008

Session Time: Tue Aug 19 00:00:00 2008

[07:59] {Threei} U.S. financials: A large U.S. bank will soon collapse - Former IMF chief economist Kenneth Rogoff
[07:59] {Threei} - "The U.S. is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say 'the worst is to come'," he told a financial conference.
[07:59] {Threei} - "We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks," said Rogoff.
[07:59] {Threei} - "We have to see more consolidation in the financial sector before this is over," he said.
[07:59] {Threei} - "Probably Fannie Mae and Freddie Mac - despite what U.S. Treasury Secretary Hank Paulson said - these giant mortgage guarantee agencies are not going to exist in their present form in a few years."
[07:59] {Threei} - "There was this view early on in the crisis that sovereign wealth funds could save everybody. Investment banks did something stupid, they lost money in the sub-prime, they're great buys, sovereign wealth funds come in and make a lot of money by buying them. That view neglects the point that the financial system has become very bloated in size and needed to shrink," he added.
[08:02] {hawkfan4} scary stuff
[08:02] {Threei} whole thing unfolding over last half year or so is scary
[08:02] {Threei} almost apocalyptic
[08:03] {Threei} this is potentially of "end of empire" caliber
[08:03] {Threei} and when I think of alternatives for the ruler of the world, I shudder
[08:04] {hawkfan4} yikes, me too
[08:05] {Threei} it's not really easy to imagine the end of USA empire any time soon, it's sheer size and might are still beyond the reach of anything and anyone,ill
[08:05] {Threei} size of US economy is larger than three next combined
[08:05] {Threei} but then again,
[08:06] {Threei} tell to someone in 80s that Soviet empire will be gone in 10 years
[08:06] {Threei} who would believe it?
[08:07] {Threei} OK, on a lighter note
[08:07] {Threei} here is the news item I just read
[08:07] {hawkfan4} :)
[08:08] {Threei} ·In fixed income the results from the DMO's meeting with the GEMMs showed that most GEMMs favored either a 2017 or 2022 I/L GILT to begin the quarter
[08:08] {Threei} huh?
[08:08] {Threei} lol
[08:08] {hawkfan4} lol, might as well be Russian for me
[08:08] {Threei} not a single abbreviation in that sentence that I could understand
[08:09] {Threei} watching FNM
[08:09] {Threei} not taking any position yet
[08:09] {Threei} it lost 6 but buying came in strongly
[08:09] {Threei} took it back
[08:10] {hawkfan4} in SOL small for a bounce, stop 27.20
[08:10] {hawkfan4} 17.10 i mean
[08:10] {Threei} I think this thing goes down with no bottom in sight
[08:10] {Threei} FNM that is
[08:10] {Threei} but gotta be careful, spikes can be vicious
[08:11] {hawkfan4} yep, stopped sol, speaking of bottomless
[08:11] {Threei} UAUA new highs
[08:12] {hawkfan4} flipped it overnight +.27
[08:15] {Threei} nice
[08:15] {Threei} so next major support for USO to loe is 90, right?
[08:15] {Threei} lose
[08:16] {hawkfan4} yep
[08:18] {Threei} wow
[08:18] {Threei} INCA bid on UAUA
[08:18] {Threei} if true
[08:19] {hawkfan4} a monster
[08:19] {Threei} let's see if it stays after couple sales
[08:20] {Threei} sheesh, chasing up
[08:21] {hawkfan4} in .46
[08:21] {Threei} haha
[08:21] {Threei} in .42
[08:21] {hawkfan4} :)
[08:21] {Threei} 500 at .40 and 500 and .44
[08:22] {Threei} offering .60
[08:23] {Threei} some "probing" sales, bid holds
[08:25] {Threei} absorbing sales... he IS real
[08:25] {Threei} out
[08:25] {Threei} will try to re-enter lower
[08:25] {hawkfan4} me too, out .50
[08:32] {Threei} FNM does a lot of dancing here
[08:32] {Threei} new bidder came to UAUA... ugh
[08:33] {Threei} bidding .56
[08:33] {Threei} got 200
[08:34] {Threei} 765
[08:35] {Threei} OK, enough for premarket play, canceled the rest
[08:35] {hawkfan4} you're much more patient than i am, grabbed those .60's when they were offered
[08:36] {Threei} there were a few prints at .56, so I thought maybe hidden offer
[08:36] {Threei} offering .70
[08:40] {Threei} USO selling
[08:43] {Threei} message to UAUA big bidders: stop bidding, take out those offers (mine included)
[08:44] {hawkfan4} no kidding, quit dilly dallying and take it up to 16! :)
[08:45] {Threei} yeah
[08:45] {Threei} ugh, USO upticking
[08:45] {hawkfan4} out, oild spiking
[08:46] {Threei} me too
[08:46] {pita} Greeting all - welcome back Vad! - a day late........
[08:46] {Threei} the play is not over I am sure
[08:46] {Threei} hi pita, thankl you
[08:50] {esemde} morning......Vad your back...me too...was up the island
[08:51] {Threei} hi ese
[08:51] {esemde} are you relaxed after your holiday
[08:51] {Threei} me is back, and we had quite nice day yesterday
[08:51] {Threei} very much so
[08:52] {Threei} couple pics done on the go: http://realitytrader.com/vad/A/
[08:53] {esemde} ok
[08:55] {GeoArb} gm all
[08:56] {esemde} whoa...the first one is surreal......looks like a painting
[08:56] {Threei} Geo :)
[08:56] {GeoArb} how was vacation vad?
[08:56] {Threei} no kidding, hard to believe it's not an extensive Photoshop work
[08:56] {Threei} fantastic geo
[08:56] {GeoArb} nice :)
[08:57] {Threei} the only downside is darn all-you-can-eat
[08:58] {cosmo} it can be expensive if you're not really humgry
[08:58] {cosmo} hungary
[08:58] {cosmo} hmm
[08:59] {cosmo} hungery?
[08:59] {Threei} ceratinly tough on one's waisteline
[09:02] {magoo} morn
[09:02] {Threei} magoo :)
[09:04] {Onix} Good morning
[09:04] {Threei} hi Onix, welcome back
[09:05] {Onix} Thanks
[09:05] {Threei} FRE
[09:05] {Raven}
[09:05] {cosmo} ah ... i was concerned..
[09:06] {Raven}
3 you need to be concerned :)
[09:06] {cosmo} sigh...yeah
[09:06] {Threei} hungry is one thing you don't get on cruise ship
[09:07] {Raven}
3 hungry decreases with age too ...
[09:07] {cosmo} oh
[09:08] {judijim} good morning all
[09:08] {Threei} jj :)
[09:09] {Threei} initial assumptions for the plays today: looking to short FNM at some point, looking for UAUA long if oil continues slide
[09:09] {cosmo} seniors should get a discount then
[09:10] {Threei} so far 6.20 is FNM's resistance
[09:10] {Raven}
3 they do at some groc stores around here
[09:10] {Raven}
3 but you have to remember to tell them that you are old
[09:11] {magoo} thats a heck of a uso spike
[09:11] {cosmo} its so hard to remember that
[09:11] {Raven}
3 I know
[09:11] {Raven}
3 so I usually strike out
[09:12] {cosmo} and pay in full...
[09:12] {Raven}
3 yup
[09:14] {cosmo} XFML tests 3 on pull back
[09:15] {Threei} [XFML] Xinhua Finance Media Ltd-ADR Reports Q2 $0.10 v $0.07e, R $48.9M v $49.3Me
[09:15] {Threei} - Guides Q3 $0.11-$0.12 v $0.09e, R $52M-$54M v $54.2Me
[09:15] {Threei} - Guides FY08 $0.33-$0.35 v $0.29e, R $198M-$208M v $199.2Me
[09:16] {fernp} Good morning all
[09:16] {Threei} fern :)
[09:19] {peterg} This is a test of the Dragon NaturallySpeaking good morning group. Now I can talk without typing
[09:19] {peterg} So I can fill the space endlessly with chatter
[09:19] {Threei} wow
[09:19] {patience} will it do your trades for you peter?
[09:19] {peterg} That's next
[09:19] {peterg} Them on to world domination
[09:20] {Threei} yeah, make sure it doesn't accidentally enters orders
[09:20] {peterg} I think I'll go back to typing is a little more relaxing
[09:20] {patience} tell it: buy patience 10,000 shares of google
[09:20] {peterg} done!
[09:21] {patience} very generous of you peter, ty :))))
[09:21] {pita} Dragon is great - I use it all the time - but not for tradong
[09:21] {peterg} there is now a version ten, mine is 9 but pretty good.
[09:21] {Threei} I resist progress.. but maybe I need to try it
[09:21] {pita} I have 9 too
[09:22] {pita} It doesn't mis-spell
[09:22] {Threei} haha
[09:22] {peterg} it is good for a lot of communication, but it can really screw up
[09:22] {Threei} don't underestimate me
[09:22] {pita} sometimes you get gibberish
[09:22] {Threei} with my prononciation it WILL misspell
[09:22] {peterg} it will force a word
[09:23] {peterg} on you.
[09:23] {GeoArb} yeah it doesnt do well with accents
[09:23] {pita} there is always Rosetta stone
[09:23] {Threei} is there trial for it?
[09:23] {pita} don't know
[09:30] {Onix} Am I still logged in?
[09:30] {Threei} yes sir
[09:30] {magoo} nope
[09:30] {peterg} maybe
[09:30] {pita} take a vote
[09:30] {Onix} tknx
[09:30] {Threei} FNM .18 short
[09:30] {Threei} if stays below .25
[09:31] {Threei} half out
[09:31] {Threei} 6.03
[09:32] {Threei} stop .21 for the second half
[09:33] {Threei} out for now
[09:36] {Threei} watching USO for loss of 91
[09:36] {Threei} if happens, UAUA should launch
[09:36] {Threei} if breaks .25, no play
[09:39] {Threei} UAUA went up in anticipation... USO still holding support
[09:39] {Threei} if you took it aggressively, take profit here
[09:40] {Threei} USO is really unclear in this range
[09:40] {Threei} if loses 91, UAUA is still a play on .50 break
[09:41] {Threei} on the other end of spectre, USO is long on .25 break
[09:41] {Threei} smaaaal shares
[09:42] {Threei} in aggresively
[09:42] {magoo} .36
[09:43] {Threei} .19 stop'
[09:43] {Threei} die USO
[09:46] {Threei} half out
[09:46] {Threei} just to be safe
[09:47] {Threei} NQ drops
[09:47] {Threei} but thing looks OK
[09:47] {Threei} sokind of insurance against sudden move
[09:49] {Threei} took some off the table?
[09:50] {Threei} offer second half .65 - .70
[09:50] {Threei} stop .29
[09:51] {hawkfan4} took 1/2 off at .54
[09:51] {Threei} USO new low
[09:54] {Threei} out .65
[09:54] {GeoArb} is uso shortable for you guys?
[09:54] {Threei} .70 hit too
[09:55] {Threei} no Geo
[09:55] {GeoArb} same here
[09:55] {Threei} OK, no excuse for not profiting on UAUA here
[09:55] {Threei} clean play, no matter whether you took it aggressively or on .50 break
[09:56] {GeoArb} good call vad
[09:57] {Threei} ty
[10:01] {Onix} Thanks Vad, I got 5c + 10c + 7c & -12c
[10:01] {Threei} lemme compute
[10:02] {GeoArb} 10?
[10:02] {Threei} +10 cents I think overall
[10:02] {GeoArb} depends on scaleouts
[10:02] {Threei} but I am ready to stand corrected
[10:02] {Onix} played it 4 x
[10:02] {GeoArb} i was in late
[10:03] {GeoArb} in 55 out 79
[10:03] {GeoArb} :)
[10:03] {GeoArb} 200 shares only trying to get into the groove
[10:03] {GeoArb} havent traded much in aug
[10:04] {Threei} lazy bones
[10:04] {GeoArb} whaaat? low vol august
[10:04] {GeoArb} mom/bro/in laws visiting
[10:04] {GeoArb} :)
[10:04] {GeoArb} i am just happy to be able to check email
[10:05] {Threei} sure... I just like to diss people
[10:05] {GeoArb} good to be pressing keys though
[10:08] {Threei} SOLR small shares long on pullback under .50
[10:09] {Threei} not going to take offer
[10:09] {Threei} under .50 or no play
[10:09] {Threei} .40 -.45 is entry idea
[10:09] {Threei} with stop under .30
[10:10] {esemde} I like that one Vad.....i'll wait with you
[10:11] {Threei} this one got away
[10:11] {Threei} of well
[10:12] {magoo} yup
[10:12] {Threei} FNM
[10:12] {Threei} .94 short if stays under 6.10
[10:16] {Threei} ugh SOLR
[10:17] {magoo} its our UAUA of yesterday
[10:17] {magoo} in fnm .97
[10:17] {magoo} sh
[10:17] {GeoArb} hmmm i cant short fnm
[10:21] {magoo} tarhet vad?
[10:21] {Onix} got +13c on FNM ss thnaks Vad, playing my 100 shares
[10:21] {Threei} partial at 1:1
[10:21] {Threei} Onix :)
[10:21] {magoo} half .85
[10:22] {Threei} see, my problem with it is,
[10:22] {magoo} going to 4?
[10:22] {Threei} I am confident it goes much lower
[10:22] {Threei} but it won't be any kind of straight line
[10:22] {Threei} and bounces will be very tough to handle
[10:23] {magoo} we need to try and sh the bopunce..i know ..tough but
[10:23] {Threei} so partial out is ideal way for it
[10:23] {Threei} control the risk and give it a chance
[10:25] {Threei} LEH
[10:25] {Threei} 13.99 short
[10:25] {Threei} half lot
[10:25] {Threei} stop .21 for now
[10:27] {Threei} see FNM?
[10:28] {GeoArb} ooooo
[10:28] {magoo} in sh leh ag
[10:28] {magoo} .07
[10:31] {Threei} watch USO/UAUA here
[10:31] {Threei} if USO forms double top, UAUA will be good play off 15
[10:36] {magoo} anyone sh LEH?
[10:37] {GeoArb} me
[10:37] {GeoArb} small though
[10:37] {hawkfan4} im in leh from .03
[10:41] {Threei} - Also says he doesn't see US productivity on slide
[10:42] {GeoArb} economist had a semi positive report on US real estate
[10:42] {Threei} probably trailing LEH to .15 makes sense here
[10:42] {GeoArb} over the weekend
[10:43] {Threei} if it doesn't break down soon, no need to endure bigger bounce
[10:44] {Threei} TASR
[10:44] {esemde} Long Waren Buffet....
[10:44] {Threei} - GE rumored as potential acquirer{
[10:44] {Onix} SS LEH few min earlier on 13.96
[10:44] {Threei} TASR
[10:44] {esemde} sorry thats NVDA
[10:45] {esemde} 13.40
[10:45] {Threei} .29 stop ese?
[10:46] {esemde} full lot.....yes....29 stop
[10:46] {Threei} die already LEH
[10:46] {esemde} don't mind going the full lot here...plenty of liquidity
[10:47] {Threei} yup
[10:48] {esemde} need some index to start going my way though
[10:49] {esemde} ndx and comp looked like it for a moment
[10:50] {esemde} would be nice if it comvered the gap from 13 to 18
[10:53] {Threei} covering half LEH here
[10:53] {Threei} scalpers know what to do
[10:54] {Onix} got my +13c on 100 sh thnx Vad
[10:54] {Threei} :)
[10:54] {Threei} FRE
[10:55] {magoo} out leh .75 ty vad
[10:55] {Threei} stop to 14.01
[10:55] {Threei} for the balance
[10:55] {Threei} welcome sir
[10:55] {GeoArb} vad you should take vacation more often
[10:55] {Threei} happily
[10:56] {Threei} but if it's going be all cruises, I won't squeeze through the office door
[10:56] {GeoArb} maybe
[10:56] {GeoArb} you caould trade from the cruise
[10:57] {Threei} uhhu
[10:57] {esemde} whadayathink.....Lehman Bros becomes a penny stock again.........anybody else want to predict that
[10:57] {Threei} that's exactly what is on my mind during cruise fun :)
[10:58] {esemde} anybody know the reasons for Buffet buying into Navidia
[10:59] {esemde} Nvidia....sorry
[11:00] {Threei} hope cruise bosses do not read that - but I am the guy who not only managed to get decently drunk during liquor tasting (with thise little timbles, no less, but also got both girls pouring samples fairly close to drunk
[11:00] {Threei} now, you see me trading from cruise ship?
[11:00] {GeoArb} lol
[11:00] {hawkfan4} :)
[11:01] {Threei} who knows ese... he does deep research
[11:01] {Threei} unlike us who do research in 3 milliseconds
[11:01] {Onix} sounds like you had a great time Vad! .. wtg!
[11:01] {Threei} sure did
[11:01] {Threei} Hubbard Glcier is something to see
[11:02] {Threei} all those huge chunks of ice dropping in the water with splash
[11:02] {Onix} real-time must certainly be much better than on TV
[11:03] {Threei} stunning
[11:03] {Threei} oh, and I also am the guy who came to second formal dinner in jeans, thought it was next day
[11:03] {Threei} saw all the people around in taxedos
[11:03] {Threei} asked waiter what the heck
[11:03] {Threei} shrugged and never went to change
[11:03] {GeoArb} i hate that
[11:04] {GeoArb} people scrimp around for deals
[11:04] {GeoArb} and eat in tuxedos
[11:04] {GeoArb} its a vacation.... i f i need to suit up i would go to a conference
[11:04] {Threei} I look in taxedo about as natural as hyppo under the saddle
[11:04] {GeoArb} lolol
[11:04] {Threei} or cow in tutu
[11:05] {Onix} lol
[11:05] {fernp} lol
[11:05] {magoo} taxedo
[11:05] {magoo} tux
[11:05] {Threei} if you take a look at my renewed photo at homepage though
[11:05] {GeoArb} i saw that
[11:06] {Threei} sometime I do manage to look more or less bearable in suit and tie
[11:06] {GeoArb} you dating again vad?
[11:06] {Threei} lol
[11:06] {Onix} you look distinguished
[11:06] {Threei} let me copy and save that
[11:07] {Threei} not often I hear anything of kind
[11:07] {GeoArb} hehe now i gotta go back and check
[11:07] {Threei} LEH, either makes double bottom here or breaks down,
[11:07] {Threei} levels are
[11:08] {Threei} for bouble bottom confirmation .88
[11:08] {Threei} for breakdown .70
[11:08] {Threei} so you have your structure for setup
[11:08] {Threei} long at .88 if holding above .72
[11:08] {Threei} or short at .72 break if staying under .90
[11:09] {Threei} both plays are half lot
[11:09] {Threei} for those who hold the balance from otiginal play, that's a new stop
[11:09] {Threei} .90
[11:09] {Threei} breakdown
[11:09] {Threei} good
[11:09] {Threei} bidding .60 for the balance
[11:10] {esemde} hmmmm thought i was gonna be stopped there
[11:11] {Onix} ss LEH @ 13.68
[11:11] {Threei} too vertical into support ese... usually bounces after that
[11:14] {esemde} tks
[11:18] {Threei} stop to .81 LEH
[11:20] {Threei} covered the balance LEH
[11:20] {Threei} +.38
[11:22] {hawkfan4} nice vad
[11:22] {magoo} good one boiss
[11:22] {Threei} ty
[11:22] {GeoArb} nice
[11:22] {GeoArb} broke down more but i am happy with the banked money
[11:23] {Threei} yeah
[11:23] {GeoArb} o got a way to predict that vaD?
[11:23] {GeoArb} you
[11:23] {GeoArb} :)
[11:23] {Threei} sure but I am not telling
[11:23] {GeoArb} hehe
[11:24] {Threei} that monkey that throws darts for me - you think I'd ever give azway that secret to successful tradingZ?
[11:24] {Onix} got +13c more on LEH thx Vad
[11:24] {Threei} welcome :)
[11:24] {GeoArb} okkkk he knew
[11:25] {esemde} stopped
[11:26] {magoo} as in raise??
[11:26] {esemde} never liked his insurance company anyway...
[11:26] {Threei} I believe so mags
[11:27] {magoo} vad, thoughtd here on mkt direction?
[11:27] {Threei} none so far
[11:27] {magoo} focus :)
[11:28] {Threei} shapeless aimless listless wandering closely resembling drunk blind one-legged snail staggering through tghe molases
[11:28] {Threei} how's that for market reading?
[11:29] {magoo} just replace one word
[11:29] {magoo} snail =magoo
[11:29] {Threei} lol
[11:29] {Threei} Onix, covered just in time LEH, eh?
[11:30] {Onix} what a luck!~
[11:30] {Threei} luck favors you know who
[11:31] {Threei} (hint - dino)
[11:31] {GeoArb} lck favors dino?
[11:31] {Threei} that's what dino says
[11:31] {Threei} although I prefer to think og him as prepared mind
[11:32] {GeoArb} luck favors the prepared mind or something like that
[11:32] {Threei} :)
[11:32] {GeoArb} lois pasteur
[11:32] {magoo} who is this one calleed dino of which u speak?
[11:33] {GeoArb} you mean the vacationist?
[11:33] {Threei} one who tries to drink all your beer before you get to it
[11:33] {Threei} which leads to a healthy competition
[11:34] {magoo} i got news for u...he luckier at trtading than getting to the beer {hiccup}
[11:34] {Threei} winner is the one who manages to open fridge door right when the forehead of competitor is in the way of it
[11:34] {GeoArb} very deep
[11:34] {magoo} and grab last one
[11:35] {Threei} that's how Chaeron got my beer once, Geo... since then I don't see or hear very well, but developed six sense for the market direction
[11:36] {Chaeron} :)
[11:36] {GeoArb} hmmm
[11:36] {Chaeron} morning all
[11:36] {Threei} oh hi Chaeron :)
[11:36] {GeoArb} he had said i could drop by anytime
[11:36] {GeoArb} (careful now)
[11:36] {Threei} ah come on, it's worth it
[11:36] {GeoArb} market direction
[11:36] {GeoArb} worth it
[11:37] {Threei} that, and nice fireworks in front of your eyes when that door contacts the forhead
06[11:37] * magoo slaps Chaeron around a bit with a large trout
[11:38] {Threei} USO feels to drop from here
[11:40] {Threei} loss of .45 should trigger slide
[11:40] {Threei} over .60 invalidated
[11:40] {Threei} broke down
[11:41] {GeoArb} but we cant trade it :(
[11:41] {Threei} no, but we can trade UAUA off it
[11:41] {GeoArb} short that is
[11:41] {Threei} invalidated anyway
[11:41] {GeoArb} i did that :)
[11:41] {GeoArb} and am neg
[11:41] {GeoArb} wwas slow
[11:42] {Threei} where are you in?
[11:42] {GeoArb} sniff
[11:42] {GeoArb} 100 shares od 14.56
[11:42] {Threei} .39 stop
[11:42] {Threei} let it trade
[11:43] {Threei} it doesn't look too bad, won't drop so far even with USO upticks
[11:43] {GeoArb} stop in place
[11:43] {Threei} even if uncomfortable and want out, your loss here is negligible
[11:43] {GeoArb} did 100 as uaua was an expriment before you called it
[11:46] {Threei} too much strength USO
[11:46] {GeoArb} out
[11:46] {Threei} yup
[11:50] {magoo} im watching uso as a long trade
[11:53] {Threei} how very unpatriotic
[11:54] {GeoArb} he just wants wind and solar to grow
06[11:58] * magoo slaps laserdave1 around a bit with a large trout
06[11:58] * Threei slaps laserdave1 around a bit with a large trout
06[11:59] * Chaeron slaps laserdave1 around a bit with a large trout
[11:59] {Threei} good read on USO mags
[12:00] {magoo} aapl sh
[12:00] {magoo} .15
[12:00] {Threei} - Secondary dealers of ARS are still under investigation
[12:00] {Threei} ars?
[12:02] {magoo} wait
[12:02] {magoo} OUT
[12:02] {magoo} .79
[12:02] {magoo} easy
[12:03] {magoo} buttox
[12:03] {Threei} good one
[12:03] {magoo} er button
[12:03] {magoo} sigh spelling/tyuyping
[12:03] {magoo} buttox
[12:03] {magoo} lol
[12:03] {hawkfan4} nice mags, still in from 92.15
[12:03] {Threei} wow oil
[12:03] {Threei} what the
[12:03] {magoo} carefu;l
[12:03] {magoo} bank it
[12:04] {hawkfan4} 1/2 out 94.14, other 1/2 93.75, full lot :)
[12:04] {Threei} wtg
[12:04] {hawkfan4} that was lucky
[12:06] {Threei} watching UAUA for bounce scalp
[12:07] {Threei} - Notes Russia has made about $1B in GSE bond investments.
[12:08] {hawkfan4} in uaua
[12:09] {Threei} anticipatory entry...
[12:09] {pita} later all
[12:09] {Threei} take care pita
[12:09] {magoo} bye pita
[12:09] {hawkfan4} too soon, out
[12:09] {Threei} with this wierd USO behavior and no news, I'd prefer to see that big bar
[12:09] {Threei} with delay for UAUA giving window of opportunity
[12:11] {Threei} Onix, look dcc please
[12:11] {Onix} ok
[12:14] {Onix} trying but don't know how Vad?
[12:15] {Threei} just click on a window with my nick in red
[12:15] {Threei} and you'll see it
[12:15] {Threei} or doubleclick on my nick right here
[12:20] {hawkfan4} USO crazy
[12:23] {esemde} long Warren Buffet again.....13.16
[12:23] {esemde} NVDA
[12:44] {magoo} l uaua .84
[12:45] {GeoArb} i am curious magoo
[12:45] {GeoArb} what time fram chart are yo looking at?
[12:46] {magoo} 5 minutes
[12:46] {GeoArb} thanks
[12:46] {magoo} exit hopefully 14.21
[12:48] {magoo} .64 stiop
[13:00] {magoo} out .05+
[13:01] {peterg} out uaua?
[13:01] {magoo} yes
[13:01] {magoo} 5 min up
[13:01] {Threei} nice one
[13:01] {magoo} +24
[13:02] {peterg} me too + 17 tgks mag
[13:02] {magoo} :)
[13:02] {magoo} my trades are desighned short term
[13:03] {peterg} designer trades
[13:03] {GeoArb} 2
[13:03] {GeoArb} oops
[13:05] {Threei} magoo is now know and Armani
[13:06] {Threei} and = as
[13:20] {peterg} does leh want to go down more yet?
[13:21] {peterg} not now
[13:21] {Threei} hard to tell
[13:21] {GeoArb} probably in my books
[13:22] {GeoArb} well my book got torn
[13:27] {peterg} Rick Nelson: my bucket's got a hole in it.
[13:27] {Threei} wow UAUA
[13:39] {peterg} true test of trader is coping with boredom; I am eating dark chocolate. any better ideas?
[13:39] {Threei} yes
[13:39] {GeoArb} i watch prn
[13:39] {peterg} pm"
[13:39] {peterg} ?
[13:40] {GeoArb} heheheh
[13:40] {Threei} I like counting fingers on my left haand, then onright hand, then comparing them
[13:40] {Threei} doing it three times
[13:40] {Threei} and seeing if I get the same result
[13:40] {peterg} thats goood
[13:40] {Threei} if I do I win
[13:40] {Threei} so far I win 9 times out of 10
[13:40] {Threei} and it puts me in a good mood
[13:41] {peterg} prime minister
[13:47] {magoo} vad, what u stalking?
[13:48] {Threei} still same old UAUA
[13:48] {Threei} just can't get a read on USO at the moment
[13:48] {Threei} FNM looks just as sick as it did yesterday too
[13:49] {Threei} but no clear play for now
[13:53] {magoo} ok
[14:06] {magoo} is volume as light today as yesterday anyone??
[14:07] {GeoArb} well es seems already more than yesterday
[14:07] {GeoArb} and its only half time
[14:23] {Threei} oil drop is coming it seems
[14:23] {GeoArb} leh at lows
[14:24] {Threei} nope, wrong
[14:25] {Threei} or right
[14:42] {Threei} LEH continues slide
[14:46] {esemde} were getting that point where do I say....hmmm...take half and let half ride till tomorrow or do I just toast it at the end of the day....NVDA
[14:47] {Threei} I wish I had what to say about it ese
[14:47] {Threei} just too narrow to get any read
[14:47] {Threei} daily looks rather nice
[14:47] {Threei} follow through is a big question mark
[14:49] {esemde} indeed....well i'm up .24 now ....market is a bif if these days.....will probably be flat at end of day
[14:50] {Threei} wouldn't we all
[14:50] {GeoArb} hehehehe
[14:51] {GeoArb} that didnt help s in BSC
[14:51] {GeoArb} us
[14:51] {Threei} magoo
[14:51] {Threei} up
[14:52] {Threei} {--- answering unasked question
[14:53] {magoo} was just typing that
[14:53] {magoo} if so AAPL may pop\
[14:54] {magoo} any recent aapl/rimm news??
[14:55] {Threei} not really
[14:55] {Threei} this little NQ pullback should be a bull flag
[14:55] {magoo} huh?
[14:56] {Threei} small retreat before advance
[14:56] {Chaeron} regrouping for attack :)
[14:57] {Threei} OK... jump from here or bets are off
[14:58] {Threei} volume dried up nicely on retreat, now time to recover with bigger volume to confirm flag
[14:59] {peterg} uhhh, whatcha buyin & sellin
[14:59] {peterg} anyting
[14:59] {Threei} if materializes, UAUA
[14:59] {peterg} ?
[14:59] {Threei} maybe LEH for scalp
[15:01] {Threei} doesn't look like going to work from here
[15:01] {Threei} staying on sideline
[15:02] {Threei} nope, no recovery
[15:04] {peterg} nihongo wa dekimaska!
[15:04] {Threei} you think?
[15:04] {peterg} for sure
[15:06] {peterg} better would be anata wa Nihon-go o hanashite dekimasu ka.
[15:06] {GeoArb} googling like crazy
[15:07] {GeoArb} i need to watch more anime
[15:07] {peterg} good plan
[15:07] {GeoArb} Are you able to speak Japanese
[15:08] {peterg} once a long time ago a little
[15:08] {peterg} now all but gone
[15:08] {GeoArb} rosetta stone!
[15:08] {peterg} o yeah
[15:09] {GeoArb} i am thinking of learning mandarin
[15:09] {peterg} wow
[15:09] {GeoArb} might as well
[15:09] {Chaeron} hmmm I was too
[15:09] {peterg} I m going to Beijing in october maybe
[15:09] {GeoArb} i not anything else.... ill order well in east la
[15:09] {GeoArb} i
[15:09] {GeoArb} if
[15:10] {peterg} fried octopus with hot sauce
[15:12] {GeoArb} i always have to take a chinese buddy here http://www.dintaifungusa.com/en/en_cuisine01_1.html
[15:12] {GeoArb} ill learn mandarin and show him !!!
[15:13] {peterg} ahh-yum!! btw how get urls onto discussion?
[15:13] {GeoArb} copy paste?
[15:14] {peterg} let me try
[15:16] {peterg} browser does not seem to want to put it here
[15:17] {GeoArb} ctrl c ctrl v
[15:17] {peterg} http://www.nytimes.com/2008/08/07/technology/personaltech/07pogue.html?_r=1&oref=slogin
[15:17] {peterg} amazing!! thanks
[15:17] {Threei} IVAN
[15:17] {Threei} - CEO Friedland said that while talks are at an advanced stage toward an agreement to develop Ecuador's Block 20, known as the Pungarayacu oil field, no final agreement to embark upon the project has been entered into either by PETROECUADOR or the Ivanhoe Energy board of directors.
[15:17] {Threei} - There can be no assurance that a final agreement will be signed
[15:18] {GeoArb} we use ibm viavoice
[15:19] {GeoArb} as it has separate dictionaries specializing in law and medicine
[15:19] {GeoArb} atleast it used too
[15:19] {esemde} out nvda .46 +30
[15:19] {peterg} for a zillion dollars you can get that on dragon'
[15:19] {GeoArb} not mine....
[15:19] {GeoArb} company
[15:19] {Threei} good one ese
[15:19] {esemde} tks
[15:20] {peterg} how long were you long?
[15:22] {peterg} Further research question: what is avg number of open positions, or variation during day?
[15:22] {esemde} was in originally at .40 around 8am stopped at 8:20 or so
[15:22] {esemde} then
[15:23] {esemde} was back in at .16 about 9:15
[15:23] {peterg} you worked it
[15:23] {esemde} long most of the day i guess peter...when you think about it
[15:24] {esemde} definately worked it
[15:26] {esemde} i'm outta here all...see you tomorow...
[15:26] {magoo} bye se
[15:26] {peterg} later
[15:26] {Threei} take care ese
[15:26] {esemde} mags
[15:26] {esemde} vad
06[15:26] * magoo slaps esemde around a bit with a large trout
[15:26] {esemde} tks...i needed that
[15:29] {peterg} who said this: "You have to grind it out, survive this period of the learning ccurve. And it could be really long, often a year or two, possibly longer, and very seldom less than a yearr.
[15:29] {peterg} identify author pls
[15:30] {Threei} sounds vagualy familiar
[15:30] {peterg} for prize
[15:30] {peterg} page #?
[15:30] {Threei} lol, I don't even remember which of books
[15:30] {peterg} TTR
[15:31] {Threei} well
[15:31] {Threei} since I have electronic text, I can cheat
[15:32] {peterg} I am in the grinding phase of the learning curve
[15:33] {Onix} welcome to the CLUB peter
[15:33] {peterg} THnks
[15:33] {judijim} have a nice evening all, be back tomorrow
[15:33] {Onix} it sure ain't easy, but i'm hanging in there
[15:33] {Threei} take care jj
[15:34] {peterg} bye jj
[15:34] {magoo} bye jj
[15:46] {peterg} well, wrapping up paperwork, profit sharing plans blah blah
[15:46] {GeoArb} profit sharing?
[15:46] {GeoArb} is vad giving money away?
[15:47] {peterg} i am so bored that i am one inch tall
[15:47] {GeoArb} i am so bored that i am making up random intelliscans
[15:47] {peterg} no i am sharing moneyh with future self
[15:47] {Threei} lol
[15:47] {Threei} I don't
[15:47] {Threei} future self can make his own money
[15:48] {peterg} point
[15:48] {GeoArb} future self for vad is kids
[15:48] {GeoArb} thats cold vad
[15:49] {peterg} in four yeares I can begin to get US social security--and im not even old
[15:49] {GeoArb} wot?
[15:50] {peterg} govt will give me big bux not to work, but to play all day
[15:50] {GeoArb} thats it
[15:50] {GeoArb} i am republican as of today
[15:50] {peterg} vad gives me lifetime subscription to trading room
[15:51] {Threei} and I am not even american
[15:51] {peterg} you canadienses are so nice
[15:51] {GeoArb} you must be on vads platinum group
[15:51] {GeoArb} heheh
[15:51] {peterg} the new group, diamond platinum
[15:51] {GeoArb} as in you pay in platinum
[15:52] {Threei} I take luxury watches too
[15:52] {Chaeron} and sides of bacon
[15:52] {Threei} Omega Constellation Double Eagle will do
[15:52] {GeoArb} http://www.trade-ideas.com/View.php?O=4000000000000000000000000_9_0&MinPCAV=100000&MinPCR=1.5&WN=PUTCALL
[15:52] {GeoArb} still in infancy
[15:52] {Threei} LEH finishes near low
[15:53] {GeoArb} the only onces that it sit out today were..... MER WFC CSCO BAC
[15:53] {GeoArb} spit
[15:53] {GeoArb} 3 financials
[15:54] {Threei} what is it indicative of?
[15:54] {GeoArb} heavy put buying
[15:54] {Threei} got it
[15:54] {GeoArb} more than certain vol and ration
[15:54] {Threei} so do we dare take LEH short overnight?
[15:54] {GeoArb} + breaking res
[15:55] {peterg} u guys shorting overnite on Laser?
[15:55] {Threei} support you mean?
[15:55] {GeoArb} sorry yes
[15:55] {GeoArb} was reading this
[15:55] {GeoArb} http://www.elitetrader.com/vb/showthread.php?threadid=134349
[15:56] {GeoArb} so made this scan and lo and behold same culprits
[15:56] {Threei} lol, I posted iot first thing in the morning
[15:56] {GeoArb} funny that put buying supports it
[15:56] {GeoArb} lots of speculative positioning
[15:58] {Threei} Ok guys
[15:58] {Threei} first half of the day was a beat
[15:58] {Threei} beauty
[15:58] {hawkfan4} beauty
[15:58] {Threei} then it became pointless and boring
[15:59] {GeoArb} yeah
[15:59] {GeoArb} fall better be good
[15:59] {Threei} it will
[15:59] {GeoArb} cheers all
[15:59] {Threei} even this is much better than your usual; August
[15:59] {peterg} TTFN!!
[15:59] {GeoArb} ?
[15:59] {Threei} thank you all, have a good evening
[15:59] {hawkfan4} thx vad, cya all
[15:59] {peterg} ta ta for now
[15:59] {Threei} see you tomorrow
[16:00] {fernp} good afternoon all. see you tomorrow.
[16:00] {Onix} Thanks Vad, & all ... until tomorrow