Thursday, October 9, 2008

Oct 09 2008

Session Time: Thu Oct 09 00:00:00 2008

[08:00] {magoo} jhuhffhfhfg
[08:01] {_xzap} Canadian Solar Signs 2009 Sales Contract With Systaic Of Germany And Announces European Sales To Date
[08:01] {_xzap} hi magoo
[08:02] {magoo} xzap:)
[08:14] {Threei} - Expectations for initial claims are 475K v prior release of 497K.
[08:14] {Threei} - Continuing claims seen at 3.608M v prior 3.591M.
[08:14] {Threei} good morning
[08:15] {_xzap} howdy Vad
[08:15] {magoo} morn vad. was there any news for that ENER sell off at bell?
[08:16] {Threei} don't see anything
[08:20] {_xzap} 52 week lows, Vol }1M, Y'day's vol 150% above avg, AAPL, ADBE,AMZN,BUCY,CENX,MSFT,INTC,ORCL,DRYS,JOYG
[08:22] {_xzap} These are just a few notable names from a list of 577
[08:23] {esemde} good morning....
[08:23] {_xzap} ENER gap up 2.12 so far this am
[08:24] {_xzap} hi ese
[08:24] {esemde} zap......
[08:25] {Threei} ese :)
[08:25] {magoo} ese:)
[08:26] {Threei} they are so concerned with falling oil price... as if under 100 is unacceptable low
[08:26] {Threei} many years it traded way lower and they still were the richest nations
[08:27] {Threei} now anything under 100 is too low for them
[08:28] {_xzap} Vad, do you think Q3 earnings misses (I'm assuming a lot miss) are already priced in the mkt?
[08:29] {Threei} on a large scale, I think it either is, or it just won't be a major driving factor
[08:29] {Threei} on company by company basis it could matter
[08:29] {Threei} overall, greater concerns should overtake
[08:30] {Threei} everyone knows economy is slow
[08:30] {Threei} so low earnings won't be of any surprise
[08:30] {Threei} INITIAL CLIAMS: 478K V 475KE; CONTINUING CLAIMS: 3.659M V 3.608ME
[08:30] {Threei} - Prior Initial Jobless Claims from 497K to 498K
[08:30] {Threei} - Prior Continuing Claims revised from 3.591M to 3.M
[08:31] {Threei} look
[08:31] {Threei} market didn't even blink
[08:31] {magoo} meaning?
[08:31] {Threei} bad jobless numbers
[08:31] {Threei} no drop
[08:32] {Threei} tells you something?
[08:32] {magoo} what?
[08:32] {Threei} OK, I'll oblige
06[08:32] * Threei slaps magoo around a bit with a large trout
[08:34] {esemde} Vad i'm trying to log onto the trading room from my new macbook but it won't accept my user and password
[08:35] {Threei} there is no track of connection attempt ese
[08:35] {Threei} it doesn't go to our server
[08:35] {esemde} tried yesterday.....
[08:35] {Threei} what time?
[08:35] {Threei} roughly
[08:36] {esemde} somewhere between 6:30 and 7
[08:36] {Threei} let me look
[08:36] {Threei} wrong username
[08:36] {Threei} I see connect attempt by ese
[08:37] {esemde} dcc please
[08:37] {_xzap} 52 week lows that are gapping up this am: AAPL, AMZN, ORCL, DRYS
[08:41] {_xzap} hi patience
[08:41] {_xzap} hi Geo
[08:41] {patience} good morning guys :)
[08:42] {ese} hi all....this is a check from my new macbook pro
[08:42] {magoo} patience,geo:)
[08:42] {ese} patience
[08:42] {ese} mags
[08:42] {brian3579} gm all
[08:42] {Threei} macbook tend to shorten people's names
[08:42] {Threei} brian :)
[08:43] {ese} hmmmmm it does for me
[08:43] {_xzap} hi brian
[08:43] {brian3579} gm
[08:44] {_xzap} futures look good so far
[08:44] {ese} having a feild day with interest rte contracts
[08:47] {patience} sorry ese, not following you
[08:49] {ese} are you playing interest rate options/contracts
[08:49] {ese} interest rate futures
[08:51] {patience} not at all, are you?
[08:52] {ese} no......but it would have been a no brainer the other day.....
[08:54] {Onix} good morning al
[08:54] {Threei} onix :)
[08:54] {patience} ah, that would account for it....if it were an easy trade...i missed it.. :)
[08:55] {ese} me as well....
[08:56] {_xzap} gm Onix
[08:58] {_xzap} Top gap ups so far: QSFT, AAUK, CSIQ, ENER, DRYS, BRCM, RIMM, AAPL. Some of these are also at 52 week lows on above avg vol.
[09:06] {Onix} most financials running this morning
[09:06] {cosmo} but they cant hide...
[09:06] {dptl} good morning all
[09:06] {Onix} gm dp
[09:07] {Threei} dp :)
[09:11] {magoo} (:pd
[09:15] {dptl} :)
[09:17] {Threei} COIN
[09:17] {Threei} - COIN and United Trucking Inc. of Mount Laurel, New Jersey have agreed to cooperate in the collection, processing and conversion of food waste from United Trucking food service clients.
[09:17] {Threei} - Financial terms were not disclosed.
[09:17] {Onix} is Monday US holiday as well? ...Thanksgiving in Canada
[09:18] {Threei} no
[09:18] {_xzap} Quest Software Inc. (QSFT) jumped 114.3% premarket after naming a new chief executive and announcing plans to repurchase up to $400 million, or 26%, of its stock.
[09:19] {GeoArb} gm all
[09:19] {Threei} geo :)
[09:19] {_xzap} hi Geo
[09:20] {Threei} I don't see any prints that high on QSFT
[09:20] {Threei} 12.45 is highest on my T&S
[09:20] {_xzap} I don't either Vad
[09:21] {Threei} someone's calculator is off I guess
[09:21] {_xzap} it is # 1 gap up right now
[09:21] {GeoArb} so did shorting ban expire?
[09:21] {Threei} yes
[09:21] {GeoArb} ok
[09:23] {_xzap} BBBY gap up
[09:24] {Threei} this one looks weird to me
[09:24] {Threei} I wouldn't expect retail sector to strengthen just yet
[09:25] {_xzap} I thought that was weird also
[09:25] {Threei} closed 27.55... look at the spread premarket
[09:25] {_xzap} good gosh
[09:26] {Threei} almost like someone hit offers not paying attention to handle
[09:26] {_xzap} ENER is up $2,32
[09:29] {_xzap} now $3.08
[09:30] {Threei} watching ADBE for pullback and long entry
[09:30] {Threei} half lot
[09:32] {magoo} under30?
[09:33] {_xzap} I've got pivot at 29.65 - 29.87
[09:33] {GeoArb} in .30
[09:33] {GeoArb} out .54
[09:34] {magoo} in .18
[09:34] {GeoArb} bit choppy
[09:35] {magoo} really missed et
[09:35] {magoo} was waiting .91
[09:35] {GeoArb} yeah 2 cents
[09:36] {magoo} saw .85
[09:36] {magoo} fasttttttttttttttttttttttt
[09:36] {magoo} waiting .85 now
[09:37] {GeoArb} filled the gap
[09:38] {magoo} no help mkt
[09:41] {magoo} out here .67 TY vad
[09:42] {Threei} :)
[09:43] {_xzap} QSFT starting to pull back, 50% Fib retrace is11.4
[09:43] {Threei} pullback time
[09:45] {Threei} hmm... not much of pullback
[09:46] {magoo} adbe or mkt?
[09:46] {Threei} either
[09:46] {Threei} OK, a bit better now
[09:46] {magoo} pretty volatile
[09:46] {Threei} watch RIMM around 61
[09:48] {Threei} ADBE .40 break, half lot
[09:48] {Threei} stop under .20
[09:49] {peterg} morning folks
[09:49] {Threei} peter :)
[09:50] {magoo} peterg:)
[09:50] {_xzap} selling pressure on DRYS
[09:50] {_xzap} hi peter
[09:51] {peterg} z!
[09:52] {_xzap} not seeing normal pullbacks, let's see what 10 - 10:15 brings
[09:54] {Threei} need NQ to break 1370 for the next leg up
[09:55] {_xzap} CSIQ meeting res @ 14.2
[09:55] {Threei} no worky ADBE
[09:56] {_xzap} ADBE coming back to pivot
[09:59] {Threei} MS got beaten to the pulp
[09:59] {Threei} tempted to short it
[09:59] {dptl} short ban expired...but in some stock in laser still give me error code
[09:59] {Threei} MS shortable
[10:00] {Threei} a bit too jumpy, hard to find entry
[10:00] {dptl} ohh...sorry....never mind last post:)
[10:01] {Threei} if you went for breakdown cover half here
[10:01] {Threei} 14 is coming it seems
[10:02] {_xzap} bid ADBE @ 29.9
[10:03] {_xzap} in 29.9
[10:04] {dptl} flex?
[10:05] {Threei} chart is right, but it's a slow one
[10:05] {Threei} can torture you for hours
[10:05] {_xzap} what isn't slow *LOL*
[10:05] {dptl} ok ty
[10:05] {Threei} MS isn't {G}
[10:07] {Threei} if you are willing to give it chance, 5.42 long with .35 stop
[10:07] {Threei} if loses .35, let it pull back deper
[10:07] {dptl} that was a plan
[10:09] {Threei} NTAP
[10:09] {Threei} ugh... jumped while I typed
[10:10] {Threei} pullback into .80 -.85 area
[10:11] {Threei} if no pullback and market jumps agian, .95 long with .84 stop
[10:13] {_xzap} Out ADBE 30.30 + .40
[10:13] {Threei} good one
[10:13] {_xzap} thx Vad
[10:16] {_xzap} watching QSFT for 11.4
[10:16] {Threei} stop NTAP .79 who got it on pullback
[10:16] {Threei} you actually have a scalp here
[10:16] {Threei} but I'd prefer to try and hold it for break
[10:17] {Threei} risk is so miniscule
[10:17] {Threei} or let's partial
[10:17] {Threei} half out .97
[10:18] {Threei} now think of NTAP in these terms:
[10:18] {Threei} your risk is afew cents here,
[10:19] {Threei} if market stages this nice slow confident climb here, NTAP can go quite nicely
[10:19] {Threei} 14.50 is not out of question
[10:19] {Threei} so, either keep your stop under .80 and forget about second half
[10:19] {Threei} or just take profit on jump after 14 break
[10:19] {Threei} personal choice really
[10:24] {Threei} GM... sheesh
[10:25] {Threei} are we about to lose our automaking industry?
[10:26] {peterg} cant short it
[10:27] {peterg} just as well
[10:27] {Threei} probably not all bans are flashed out of the system yet
[10:29] {Threei} Short Setup: IBM 92 breakl small shares
[10:30] {Threei} feel free to cover as you see fit
[10:30] {Threei} easy and quick 40 something cents
[10:33] {_xzap} watching DRYS for 20.8 - 21, at 76% Fib retrace now
[10:33] {Threei} full buck now IBM
[10:33] {Threei} not watching anymore, anyone who took it is too deep in the money to need any further comments
[10:34] {Threei} and if you all ignored it, tell me so I just go sleep
[10:36] {Threei} Long Setup: ADBE 30.03
[10:36] {Threei} srtop under 29.90
[10:37] {Threei} half out ADBE .20
[10:37] {Threei} scalpers are out in full
[10:38] {Threei} stop to .95
[10:39] {Threei} am I alone in here?
[10:39] {_xzap} nope
[10:40] {magoo} in adbe
[10:40] {Onix} no
[10:40] {Onix} in ADBE @ .06
[10:40] {Threei} never have I seen such grave silence greeting one profitable call after another
[10:40] {peterg} in and out abde for a penny
[10:40] {GeoArb} geo{- trying to be strong and silent
[10:40] {peterg} adbe
[10:40] {Threei} penny?
[10:41] {magoo} u sound like dino lol
[10:41] {peterg} yes
[10:41] {peterg} not having fun yet
[10:41] {Threei} I am lost
[10:41] {peterg} how so?
[10:41] {Threei} it went over 20 cents
[10:41] {Threei} how come you take a penny?
[10:41] {peterg} in at .12, out going down at .13
[10:41] {_xzap} watching CSIQ for 13.3
[10:41] {GeoArb} wow late peterg
[10:41] {peterg} slow reflexes?
[10:41] {peterg} too late huh
[10:42] {Threei} .12 vs .03 trigger? that's a lot of chasing
[10:42] {GeoArb} well umm i didnt do better than .06
[10:42] {peterg} buy limit?
[10:42] {Threei} limit a few cents above market
[10:42] {Threei} I'd say .06 - .07 limt if trigger is .03
[10:42] {peterg} when you publish the move, it has already moved up
[10:43] {_xzap} DRYS reaching pivot
[10:43] {Threei} ADBE was .02 at the moment
[10:43] {Threei} if you miss it, wait for pullback
[10:43] {Threei} but chasing that high?
[10:43] {peterg} just shooting at it with mkt order
[10:43] {Threei} no, not on volatile stock
[10:43] {peterg} determined to get on board can be mistake i guess
[10:43] {Threei} market order is fine for a thick slow ones
[10:43] {Threei} with a lot of liquidity
[10:44] {peterg} this is why I am trying to figure out keys
[10:44] {peterg} because fiddling around wi level 11 mouse key change and setting price too clumsy
[10:44] {peterg} time consuming
[10:44] {peterg} miss moves
[10:44] {Threei} even with mouse... just click on level 2 couple levels above your trigger
[10:44] {Threei} and lick limit buy
[10:44] {Threei} kclick
[10:44] {Threei} sheesh
[10:44] {Threei} lol
[10:44] {GeoArb} yeah vads style
[10:45] {peterg} lick the limit?
[10:45] {peterg} yummy
[10:45] {Threei} sigh
[10:45] {peterg} lift, right
[10:45] {GeoArb} click
[10:45] {peterg} click the price, i get that
[10:45] {_xzap} bid 20.8 DRYS
[10:45] {peterg} but its movin so fast
[10:45] {GeoArb} no click price a few ahead
[10:45] {GeoArb} so thats your limit
[10:46] {Threei} right
[10:46] {peterg} ok ill try
[10:46] {peterg} thanks
[10:46] {peterg} all
[10:46] {peterg} who seek to help the feeble minded
[10:46] {Threei} let's make sure we are on the same page
[10:46] {Threei} to avoid any costly mistakes
[10:46] {Threei} when you click on level 2, it puts a price you clicked on in your Price windiw
[10:46] {GeoArb} heheh the oother guys have been here a while.... we will all get there
[10:46] {Threei} right?
[10:47] {peterg} right, when you have selected limit trade
[10:47] {Threei} correct
[10:47] {Threei} or should I say korrekt
[10:47] {Threei} so, ADBE is .79 right now
[10:47] {peterg} i prefer vowel free krkt
[10:47] {Threei} let's assume you want to buy it
[10:48] {peterg} ok
[10:48] {Threei} bad example, moves too fast
[10:48] {peterg} right
[10:48] {GeoArb} qqqq
[10:48] {Threei} FRE
[10:48] {Threei} 1.10
[10:48] {Threei} you want it here
[10:48] {Threei} you click 1.12
[10:48] {_xzap} canceld buy for DRYS
[10:48] {Threei} and click Limit Buy
[10:49] {peterg} yahhhh?
[10:49] {Threei} ?
[10:49] {peterg} i dont want to buy it
[10:49] {Threei} no
[10:49] {Threei} it's an example :)
[10:49] {peterg} ck
[10:49] {Threei} if a stock waits for you, great
[10:49] {peterg} so ia am set to hit buy with a limit of 1.12
[10:49] {Threei} you'll get your 1.10
[10:50] {Threei} if it tick fast,
[10:50] {Threei} you may get 1.10, 1.11 and 1.12
[10:50] {Threei} possibly in partials
[10:50] {peterg} but I have a shot at getting it if it moves up fast, right?
[10:50] {Threei} but if it got away completely
[10:50] {peterg} but i dont get stock if goes up too much
[10:50] {Threei} your order will post 1.12 bid
[10:50] {Threei} without chasing it into too sharp spike
[10:50] {GeoArb} ahhh that i didnt know
[10:51] {Threei} Now, if you still want it on a pullback, leave your bid there
[10:51] {peterg} feels good to have training wheels on again.
[10:51] {Threei} if not, click cancel
[10:52] {peterg} ok, lets party! THanks vad and team
[10:52] {_xzap} FWLT starting to roll over
[10:52] {GeoArb} gold touched HOD
[10:52] {GeoArb} oil LOD
[10:52] {Threei} np peter
[10:52] {Threei} don't hesitate to ask
[10:52] {peterg} thks
[10:52] {Threei} there are a lot of things I take for granted
[10:52] {Threei} especially in this "nuts and botls" department
[10:53] {Threei} having traded with direct access broker from 1997
[10:53] {GeoArb} laser is cannon and can be configured six ways from sunday
[10:54] {peterg} but only when it is up, from seven am to, what, five or six pm?
[10:54] {peterg} and not on weekends
[10:54] {GeoArb} yes
[10:54] {GeoArb} lol
[10:54] {GeoArb} i ditched the second half on adbe flat
[10:55] {GeoArb} missed exit
[10:55] {peterg} when watching RIMM, hard to pick prices because of the speed of change.
[10:55] {Threei} true
[10:55] {Threei} there are a few strategies for different routes,
[10:56] {peterg} mmmm?
[10:56] {Threei} I keep giving myself a word to get deeper into them
[10:56] {Threei} to see if there is something we cluld use
[10:56] {GeoArb} ??
[10:56] {Threei} but laziness takes over every time
[10:56] {Threei} OK, look here:
[10:56] {Threei} Trade - Routing Strategy
[10:56] {Threei} one for INET, one for ARCA
[10:57] {Threei} anyone has any idea what that is, feel free to share
[10:57] {Threei} if not, some day I'll get to it :)
[10:57] {GeoArb} dont touch it vad
[10:57] {GeoArb} ARCA PO+ has been down last couple of days
[10:57] {_xzap} bid 20.8 DRYS again
[10:58] {Threei} oh great
[10:58] {dptl} i use inet stgy
[10:58] {Threei} you know what is the surest way to make Russian to jump from the bridge geo?
[10:58] {dptl} hits everything....starting with inet book first
[10:58] {Threei} yes dp
[10:58] {Threei} that's what I use too
[10:58] {GeoArb} tell me the alaska bridge goes nowwhere?
[10:59] {Threei} no
[10:59] {Threei} tell him jumping off this bridge is strictly forbidden
[10:59] {GeoArb} lol
[10:59] {Threei} so... [10:57] {GeoArb} dont touch it vad
[10:59] {Threei} does just that :)
[10:59] {GeoArb} hehehe
[11:00] {Threei} MS...
[11:00] {Threei} small shares short 12.75 break
[11:00] {GeoArb} i thought you werent russian but ukranina vad?
[11:00] {Threei} not much difference back then
[11:00] {GeoArb} ukranian
[11:01] {GeoArb} well the name sounded cooler
[11:01] {Threei} it's now that they try to make big deal out of it, sovereignity, language etc
[11:01] {Threei} back then whole Ukraine spoke Russian almost exclusively
[11:01] {_xzap} canceled 20.8 bid on DRYS
[11:02] {_xzap} Vad, ever hear of Volgan Russians
[11:03] {GeoArb} sheesh i got 20 shares on .74
[11:03] {Threei} what to hear... one of areas in Russia
[11:03] {Threei} that's realy small shares Geo
[11:03] {GeoArb} well i tried 300
[11:04] {GeoArb} it swept .74 .73 and .72
[11:04] {GeoArb} and thats all it got in INET
[11:04] {_xzap} I traced my family tree to there Vad
[11:04] {Threei} wow
[11:04] {_xzap} they threw us out and we exiled to Germany and then to Kansas in the US
[11:05] {Threei} I bet you regret that bitterly
[11:05] {_xzap} LMAO
[11:05] {Threei} or maybe not
[11:05] {Threei} :)
[11:05] {GeoArb} ahh kansas... my wife lived in topka for 5 yrs
[11:05] {GeoArb} topeka
[11:05] {_xzap} then we went from Kansa to Virginia and North Carolina where we stayed
[11:06] {Threei} I don't see any news killing market
[11:06] {_xzap} selling into any rallies stil
[11:06] {GeoArb} oil low gld high
[11:07] {_xzap} we've still got to have that BIG wash out, IMHO
[11:07] {Threei} no worky MS
[11:07] {GeoArb} well i am glad just got 20 shares
[11:08] {peterg} made .08 practicing limit orders ty
[11:08] {GeoArb} nice
[11:08] {peterg} ty
[11:08] {Threei} :)
[11:09] {_xzap} c'mon Dow 7500
[11:09] {GeoArb} hmmm the routing strategies dont have video manauals
[11:11] {_xzap} # 1 sector Construction & ag machinery, MTW, BUCY, DE, JOYG, AG
[11:14] {_xzap} bid 31 BUCY
[11:14] {_xzap} in @ 31
[11:15] {GeoArb} nice xzap
[11:15] {_xzap} thx Geo
[11:16] {_xzap} offered at .50
[11:18] {Threei} MS
[11:18] {Threei} - Note overnight the WSJ noted that MS and Mitsubishi were discussing various initiatives
[11:18] {Threei} - Reminder the two are in an agreement to acquire a 20% stake in company valued at $9B for shares at $25.25
[11:20] {_xzap} offered @ .39
[11:22] {_xzap} offered @ .26
[11:23] {Threei} MS holding well under .50 resistance
[11:24] {Threei} if market turns up again, likely to break and jump
[11:24] {Threei} small shares pnly, very volatilie
[11:25] {GeoArb} sheesh
[11:26] {Threei} if you went for it keep stop undere .25 and aim for closer to 15 target
[11:26] {Threei} nope, no power
[11:27] {GeoArb} vad whats your ip for charts? I am having trouble loading
[11:28] {Threei} ip?
[11:28] {GeoArb} anyway to server ip
[11:28] {GeoArb} anyway to change it without exiting?
[11:28] {Threei} yes
[11:28] {GeoArb} ?
[11:28] {Threei} Quote - Login server setup
[11:28] {Threei} but I keep standrd
[11:29] {Threei} try to change server for charts
[11:29] {GeoArb} .155?
[11:29] {Threei} quote - switch chartserver
[11:29] {GeoArb} ahh works
[11:29] {GeoArb} went from 2 to 1
[11:33] {_xzap} bid 31.07 to break even
[11:33] {GeoArb} i dont see any document/video on gndt which discusses the routing strategies? vad dptl?
[11:33] {Threei} asking me?
[11:34] {GeoArb} if it exists
[11:34] {Threei} I just said I haven't gotten to it :)
[11:34] {GeoArb} lol
[11:34] {GeoArb} maybe you know where to find it but havent read it
[11:34] {GeoArb} i googled and found a few on another platform doc
[11:35] {Threei} market looks like preparing for upward thrust
[11:35] {Threei} ADBE worth a try on .30 break
[11:35] {Threei} half lot
[11:35] {Threei} don't want to overcommit at this time of the day
[11:36] {Threei} fairly nervous trading today
[11:36] {Threei} .15 closest support
[11:37] {patience} mother phoned asking what next to sell....public is participating in selling
[11:37] {GeoArb} [07:58] {dptl} hits everything....starting with inet book first
[11:38] {GeoArb} dptl I am not sure thats true
[11:38] {Chaeron} patience... then we've bottomed
[11:38] {_xzap} out BUCY 31.07
[11:38] {GeoArb} as i switched and am getting partial fills
[11:38] {GeoArb} and in the link it syas INET is
[11:38] {GeoArb} Send directly to NASDAQ – no routing
[11:39] {GeoArb} I switched back to STGY
[11:39] {Threei} [10:58] {dptl} i use inet stgy
[11:39] {GeoArb} oops
[11:40] {Threei} Geo... are we having failure to communicate? :)
[11:40] {dptl} lol
[11:40] {GeoArb} i read i use inet
[11:40] {GeoArb} thats a strategy too
[11:40] {GeoArb} apologies... i am back to where i was
[11:40] {Threei} - this latest report is very similar to the report from the WSJ eariler today
[11:41] {GeoArb} oout .51 in .3
[11:41] {GeoArb} yeah lot of talk about bank partial nationalization like gordon brown did
[11:42] {dptl} what is it with island?i missed the story on the news
[11:43] {Threei} ?
[11:43] {Threei} which island?
[11:43] {GeoArb} ?
[11:43] {Threei} mine is in place as far as I know
[11:43] {Threei} slowly moving toward Japan
[11:43] {GeoArb} sheesh
[11:43] {dptl} iceland
[11:43] {Threei} ah
[11:43] {dptl} lol
[11:43] {Threei} bankrupt
[11:43] {GeoArb} gave too much interest?
[11:44] {dptl} the whole country?
[11:44] {Threei} well, no offivial default announced if I am not mistaken
[11:44] {GeoArb} Iceland has refused to refund the deposits of international clients in its stricken banks.
[11:44] {dptl} ok...ty
[11:45] {Threei} great, now MS does it
[11:46] {Threei} shaky shaky
[11:46] {_xzap} RIMM consolidating 61 -61.15
[11:46] {_xzap} RIMM breakout
[11:46] {_xzap} res @ 61.70
[11:47] {Chaeron} we closed Monday?
[11:47] {GeoArb} ?
[11:47] {Threei} no
[11:47] {Chaeron} shoot... sorry... but thanks
[11:48] {GeoArb} wrong window chaer?
[11:48] {magoo} your mkt thrust call seems good vad
[11:48] {Threei} seems?
[11:48] {Threei} seems??
06[11:48] * Threei slaps magoo around a bit with a large trout
[11:48] {GeoArb} lol
[11:49] {magoo} lol
[11:51] {_xzap} Vad } do you like RIMM on this pullback ?
[11:52] {Threei} yes
[11:52] {Threei} market will jump back up
[11:52] {Threei} there you go
[11:52] {Threei} didn't take long eh
[11:52] {magoo} vad da man
[11:52] {Threei} just be quick on both sides
[11:52] {magoo} u up today vad?
[11:53] {Threei} don't know why but trading today is very nervous
[11:53] {Threei} much more so that yesterday
[11:53] {magoo} agree
[11:53] {_xzap} agree
[11:53] {magoo} people been kicked so hard and so many times....flinching
[11:53] {_xzap} TICK can't get above 350
[11:54] {patience} waiting for direction to emerge
[11:54] {magoo} conditioned to sell all spikes vad
[11:54] {GeoArb} really xzap? i see a bunch over 500
[11:54] {magoo} and that 3:30 sell down yesterday no help
[11:54] {_xzap} you see the TICK over 500 ?
[11:54] {GeoArb} not right now
[11:55] {GeoArb} -698
[11:55] {Threei} that is one reason mags,
[11:55] {Threei} another is
[11:55] {magoo} if we had finished strong
[11:55] {magoo} today would have rocked
[11:55] {Threei} I see this situation as accumulation by smart money starting
[11:55] {_xzap} Geo, the $USQ/TICK ?
[11:56] {Threei} and on early stages of accumulation smart money is not interested in sending prices skyrocketing
[11:56] {Threei} it's only happy to keep prices down if if it takes some selling
[11:56] {magoo} are we smart $$ he he
[11:56] {magoo} or just smart *sses?
[11:57] {_xzap} RIMM well below dt line
[11:57] {GeoArb} i use TICK-NYSE from InteractiveBrokers
[11:57] {magoo} careful RIMM follows naz
[11:57] {magoo} if naz falls..RIMM falls and vice versus
[11:57] {_xzap} that's all I trade MAg, the NAs
[11:58] {magoo} i trade rimm aapl bidu everyday
[11:58] {GeoArb} no wonder youre quiet magoo :)
[11:58] {_xzap} I haved about 10 I like every day
[11:58] {patience} magoo misses dino
[11:58] {Chaeron} "quiet".... heh :)
[11:58] {magoo} problem is i dont want to hurt anyone
[11:59] {peterg} mags, how can laser show naz?
[11:59] {magoo} u gotta get in and then layout offers at exit levelsl
[11:59] {_xzap} Vad, RIMM @ 60.6 ?
[11:59] {magoo} and only 300 shares..max loss stop 200 bux
[11:59] {magoo} QQQQ chart is what i use
[11:59] {Threei} zap, RIMM is not trading on its own merits
[11:59] {magoo} awesome indicator
[12:00] {Threei} you need to use NQ as leading indicator for it
[12:00] {magoo} set up minute QQQQ and always have it up
[12:00] {Threei} or Qs
[12:00] {peterg} a chart?
[12:00] {magoo} it tends to slightly lead so yoiu see it rolling over...aapl rimm bidu start rolling over
[12:00] {Threei} - formally announces it will hold an extraordinary meeting on Nov 18 in Vienna{
[12:00] {GeoArb} you using one min magoo?
[12:01] {magoo} yes to chart and minute
[12:02] {peterg} tick chart--how load w syhmbol
[12:02] {magoo} i can NOT trade at all without QQQQ chart up..its set as a permanant
[12:02] {GeoArb} yeah here too
[12:02] {peterg} nuts and bolts
[12:02] {peterg} OK chart up, how enter symbol?
[12:03] {Threei} just type
[12:03] {Threei} click on a chart and type
[12:03] {peterg} got it thanks
[12:03] {magoo} him how to make it in always up..not linked to lev 2
[12:04] {Threei} umm... just don't link it? :)
[12:04] {magoo} find a space on screen and always watch it
[12:04] {peterg} righty right right
[12:04] {magoo} i forgot how lol
[12:04] {_xzap} lunch time, no trades for me right now
[12:05] {magoo} now, your other charts need to be minute too ok?
[12:05] {magoo} thern click aapl rimm and look at corelations
[12:06] {peterg} how set speed?
[12:06] {magoo} btw VAD taught me this trick years ago
[12:06] {peterg} i.e., minute
[12:06] {peterg} mine are all streaming, I think
[12:06] {magoo} wheres spread?
[12:07] {peterg} ?
[12:07] {magoo} i looking at chart setup
[12:07] {magoo} are u laser?
[12:07] {peterg} ys
[12:07] {magoo} dcc
[12:07] {GeoArb} rimm should move up now
[12:08] {GeoArb} ok
[12:08] {GeoArb} you get a few seconds :)
[12:08] {_xzap} I always keep the $COMP.Q, $USQ/TICK, $USQ/TRIN and $VIX charts up
[12:13] {magoo} back
[12:21] {GeoArb} vad found the reference from nasdaq
[12:21] {GeoArb}
[12:22] {Threei} letters... words... things to read... :(
[12:22] {GeoArb} heheh page 2 only
[12:23] {GeoArb} looks like what dptl has choses is the best anyway
[12:28] {dptl} that was Dave choses for me i just tald him what i need and thats what he sugest it
[12:28] {dptl} works well
[12:32] {Threei} weirdest chart of the day:
[12:32] {Threei} PRU
[12:33] {hawkfan4} hard to beat that chart
[12:33] {GeoArb} lots of red in my scanners.. not manny greens coming up
[12:33] {hawkfan4} you know dino would've been waiting at 25.55
[12:34] {magoo} actually.355 and misses entry and bitches at me about it
[12:35] {hawkfan4} lol :) the real inside story
[12:35] {Threei} lol
[12:36] {magoo} mkts seem calm or quiet here vad
[12:37] {magoo} calm before the storm
[12:37] {Threei} yes
[12:39] {GeoArb} vad i see that you can run trade ideas from laser
[12:39] {GeoArb} does it connect to laser then?
[12:39] {Threei} connect how?
[12:39] {GeoArb} click and pupulate in LII
[12:39] {GeoArb} i know how to do it externally
[12:40] {Threei} it's the same external link
[12:40] {Threei} how else do tou envision it to work?
[12:40] {GeoArb} wodner why they adding it then.... cant find any docs
[12:40] {Threei} it's just marketing collaboration
[12:40] {GeoArb} ahh
[12:40] {GeoArb} ok
[12:41] {GeoArb} they have been selling themselves cheap all over recently
[12:42] {GeoArb} they have a competitor..... madscan which has a real nifty feature....
[12:42] {GeoArb} it connects to api
[12:42] {GeoArb} so with alerts it shows current news automatically
[12:42] {GeoArb} on same row
[12:42] {Threei} I tried it... was very unipmressed
[12:42] {GeoArb} yeah me too
[12:42] {GeoArb} has ways to go in other respect
[12:44] {GeoArb} i just told our guys.... that they should implement that feature...
[12:44] {GeoArb} not willing to change
[12:55] {_xzap} watching to short ZION
[12:55] {magoo} what u stalking lord vader?
[12:55] {Threei} don't see anything defitinive
[12:55] {Threei} everything is jellyoish
[12:57] {magoo} thoughts from here?
[12:57] {Threei} none for now
[12:57] {magoo} your pushing your luk lil man
[12:57] {Threei} lol
[12:58] {magoo} i just took 100 sh bidu long
[12:58] {magoo} 12.46
[12:58] {magoo} stop 211
[12:59] {magoo} risk 1 .5 to get 3
[13:00] {_xzap} in ZION 29.48 short
[13:02] {_xzap} stop 29.7
[13:07] {_xzap} this is like watching grass grow
[13:07] {Threei} why do you think I am in coma
[13:08] {_xzap} top 5 % losers are regional banks
[13:09] {Threei} ok mgas
[13:09] {Threei} my choice is up
[13:10] {Threei} not very much, very fast or very far
[13:10] {Threei} nor for very long
[13:10] {Threei} but up
[13:10] {Threei} your BIDU should tage 214
[13:11] {Threei} maybe 215 if NQ grows a set
[13:11] {magoo} :)
[13:11] {_xzap} stopped out ZION @29.67
[13:11] {Threei} there you go
[13:12] {Threei} 214 on the nose
[13:12] {magoo} still in
[13:12] {Threei} I am out
[13:12] {GeoArb} how many shares mag?
[13:13] {GeoArb} bidu makes my knees weak
[13:13] {Threei} [12:58] {magoo} i just took 100 sh bidu long
[13:13] {Threei} [12:58] {magoo} 12.46
[13:13] {GeoArb} man
[13:13] {magoo} geo..see qqqq chart and aapl rimm bidu charts?
[13:13] {GeoArb} yeah
[13:13] {Threei} I beat you on entry
[13:13] {Threei} now let's see if you beat me on exit
[13:14] {magoo} what entry u get?
[13:14] {Threei} 212.25
[13:14] {Threei} exit 213.91
[13:14] {magoo} afer my call?
[13:14] {Threei} yes, it pulled back into 212
[13:14] {magoo} yup
[13:15] {GeoArb} (little boys club)
[13:15] {GeoArb} mutter mutter
[13:15] {GeoArb} :)
[13:19] {Threei} magoo... what did geo call us?
[13:19] {magoo} out here 214
[13:19] {GeoArb} ummm (little boys TRADING club)
[13:20] {magoo} i wijn
[13:20] {Threei} hmm
[13:20] {Threei} how do you win
[13:21] {Threei} you beat me by 9 cents on exit,
[13:21] {Threei} I beat you by 21 cents on entry
[13:21] {magoo} 214 -212.46
[13:21] {magoo} dammit lol
[13:21] {Threei} by any math know to himanity, I win by 13 cents
[13:21] {Threei} 12... lol
[13:22] {GeoArb} [10:13] {Threei} I beat you on entry
[13:22] {GeoArb} [10:13] {Threei} now let's see if you beat me on exit
[13:22] {Threei} at least in this universe
[13:22] {GeoArb} he said he wins
[13:22] {GeoArb} (on esit)
[13:22] {GeoArb} he didnt say he overall wins
[13:22] {Threei} being literal aren;'t we
[13:22] {GeoArb} lol
[13:23] {magoo} oh..yeah..thats what i meant he he
[13:27] {magoo} brb
[13:28] {Threei} - Earlier today reports were circulating that President Bush had called for a G8 meeting on Tuesday.
[13:29] {Threei} {XLF}
[13:29] {Threei} hmmm
[13:29] {Threei} how does it all props the market?
[13:29] {_xzap} ENER, nice pop
[13:30] {Threei} everything
[13:30] {laserdave1} BIG move up today in market
[13:30] {Threei} not sure what just happened
[13:30] {laserdave1} thats my guess
[13:31] {laserdave1} hey guys
06[13:31] * Threei slaps laserdave1 around a bit with a large trout
[13:31] {_xzap} hi dave
[13:31] {laserdave1} hey
[13:31] {Threei} low liquidity of jewish holiday makes moves exaggerated
[13:32] {Threei} another spike is coming
[13:32] {Threei} (probably)
[13:32] {laserdave1} xzap dcc when u get a ssec
[13:32] {laserdave1} i think we get a squeexe today
[13:32] {Threei} let's
[13:32] {laserdave1} market needs a big up day
[13:32] {Threei} I don't mind
[13:32] {Threei} if we do ADBE should do well
[13:33] {Threei} MS spike
[13:33] {laserdave1} i am now long ADBE
[13:33] {Threei} here comes my spike
[13:34] {laserdave1} qqqq 35$ today
[13:35] {magoo} vad..i just downloaded new laser but need your assistance..log in failed
[13:35] {Threei} click login setup
[13:35] {magoo} i must go to setup correct?
[13:35] {magoo} there
[13:35] {Threei} yes
[13:36] {Threei} executore
[13:36] {Threei} window with server #
[13:36] {Threei} enter 15905
[13:36] {GeoArb} :)
[13:36] {laserdave1} when u download a new version always make sure to change that port
[13:36] {Threei} NQ spike off this pullback
[13:37] {laserdave1} to 15905
[13:37] {laserdave1} magoo
[13:37] {laserdave1} dcc
[13:38] {magoo} it worked ty vad..dave
[13:42] {magoo} any news CME vad??
[13:43] {magoo} if mkt rocked could go 40 pointsRISKI
[13:43] {Threei} no
[13:44] {magoo} big IF tho..could tank to 350 area
[13:46] {_xzap} Apple Expected To Unveil Less Costly MacBooks
[13:47] {Threei} huh?
[13:47] {Threei} it performed so well that regulation is necessary and may not even help?
[13:47] {Threei} what do I miss? :)
[13:49] {_xzap} I can't trade this crazy mess
[13:50] {Threei} come on... look at magoo and trade BIDU with him
[13:50] {Threei} but don't be a wuss he is
[13:50] {Threei} take couple thousand shares
[13:50] {GeoArb} emm vad?
[13:50] {_xzap} uh hu
06[13:50] * Threei is hiding under the rock
[13:50] {magoo} that does itttttttttt....................
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {Threei} but I am under the rock
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {magoo} now?
[13:51] {Threei} but I am under the rock
[13:51] {GeoArb} CRUSH THE ROCK
06[13:51] * magoo slaps Threei around a bit with a large trout
[13:51] {magoo} now
[13:51] {Threei} sigh
[13:51] {magoo} yuor like wack a mole
[13:51] {_xzap} let's watch AAPL for a bounce
[13:51] {Threei} what's with whole world being hatled twice a day
[13:52] {_xzap} slower collapse
[13:52] {_xzap} I say pull the circuit breakers. let it drop and get it over with
[13:52] {magoo} if IF the mkt turns up HARD{risky disclaimer here} 100 sh bidu goog cme could mak big points...i hate CME tho
[13:52] {Threei} AAPL, I'll get interested closer to 91
[13:53] {Threei} possibly under
[13:53] {_xzap} I'm looking at 90.6
[13:53] {magoo} it all depends if we ever get that psycho launch up everyone wants..1000 points
[13:54] {_xzap} not me Mag, I wanna see 1000 down
[13:54] {magoo} sadist he he
[13:55] {_xzap} missed AAPL Vad
[13:55] {magoo} l goog here
[13:55] {magoo} 338.25
[13:56] {Threei} these sudden apikes come out of nowhere
[13:56] {_xzap} I've always found it hard to trade when the mkts are out of synch like today
[13:56] {Threei} no way to foresee them
[13:57] {_xzap} Dow & S&P down, NAS up
[13:57] {_xzap} these spikes are MM's taking people's $$
[13:58] {Threei} hmmm
[13:58] {Threei} that's questionable
[13:58] {_xzap} look at AAPL
[13:58] {_xzap} 1 point run and now pullback
[13:58] {Threei} this would assume that MMs can simply assign prices
[13:58] {Threei} they can't
[13:59] {Threei} price change requires actual trades
[13:59] {_xzap} but they can sit on mkt orders . korect?
[13:59] {Threei} if you imply that all MMs somehow agreed to hit offers at the same time...
[13:59] {Threei} so what?
[13:59] {Threei} how does it explain such spikes?
[14:00] {Threei} don't buy into these conspiracy theories
[14:00] {Threei} how many MMs are there?
[14:00] {_xzap} i dunno
[14:00] {Threei} not 3 and not 10
[14:00] {Chaeron} (let's see... there's red, green, blue... :) sorry
[14:00] {_xzap} LMFAO !
[14:00] {magoo} 2 points goog
[14:01] {magoo} i have 200 sh
[14:01] {_xzap} wtg Mag
[14:01] {Chaeron} gr8 mags
[14:01] {patience} very nice magoo :)
[14:01] {GeoArb} nice
[14:01] {magoo} its what i do
[14:01] {Threei} you think it's really possible they all quickly phoned each other and agreed to do something coordinated at the same time?
[14:01] {GeoArb} heheh vad
[14:01] {Chaeron} they don't even like each other
[14:01] {Threei} it's a dog eat dog
[14:01] {GeoArb} yeah !!!
[14:02] {GeoArb} ask chaer he was one of em
[14:02] {Threei} 2 of them may conspire
[14:02] {Chaeron} Vad showed me the light
[14:02] {Threei} for some particular case
[14:02] {Threei} 20? 200?
[14:02] {Threei} come on :)
[14:02] {_xzap} ok, is it smart money easing in?
[14:02] {Threei} if that possible then goverment organized 9/11
[14:02] {Chaeron} and if 2 conspire, one of them is going to try to screw the other on the deal they agreed on
[14:02] {magoo} out 340.03
[14:03] {_xzap} oh hell no !
[14:03] {Threei} and US never go to the moon,
[14:03] {_xzap} no no no
[14:03] {Threei} it's all Hollywood production
[14:03] {Threei} exactly chaeron :)
[14:03] {_xzap} I don't subscribe to conspiracies
[14:03] {Chaeron} cartels same way
[14:03] {Threei} MMs do make money on oredinary people most of the time, sure
[14:04] {magoo} i do..dino messed up my dsl on tues right vad
[14:04] {Threei} but not because they possess these p;owers to manipulate prices or can conspire to do so
[14:04] {_xzap} BUCY looks good at 32.2
[14:04] {Threei} lol mags
[14:05] {magoo} the prob we are having is everyone BUT everyone wants and EXPECTS a huge rally
[14:05] {magoo} mkt can not allow this to happen..needs few on board
[14:06] {magoo} scary thought is we need to crash again FIRST
[14:06] {magoo} god forbid
[14:06] {magoo} lions and tigers and BEARS OH MY
[14:06] {_xzap} now BUCY is rolling over
[14:07] {_xzap} we have to have a BIG sell off Mag
[14:07] {magoo} scary thought xzazp
[14:07] {_xzap} to shake the few apples left off the tree
[14:07] {magoo} hey..u joining the room bro?
[14:07] {magoo} your pretty good
[14:08] {_xzap} I might but I might wait til there's more vol
[14:08] {magoo} come on..u dont think vads made you the $250 month fee in one day?
[14:08] {GeoArb} is it 250?
[14:08] {_xzap} some days I think I know what I'm doing but wanted someone like Vad to confirm
[14:08] {GeoArb} darn
[14:09] {magoo} well..for me he surcharges 350
[14:09] {GeoArb} whats it now vad?
[14:09] {magoo} on probation from nesi days
[14:09] {_xzap} I thought there was a 1 year free trial
[14:09] {GeoArb} nesi?
[14:09] {magoo} never mind
[14:10] {magoo} i been here awhile
[14:10] {GeoArb} :)
[14:10] {_xzap} BUCY trying again
[14:10] {hawkfan4} lol mags
[14:12] {_xzap} Vad, you like BUCY at 32.2 ?
[14:12] {Threei} only if market resumes upward
[14:12] {_xzap} that could happen any second
[14:13] {Threei} watch how it's holding while market's downticking
[14:13] {_xzap} financials losing sup
[14:14] {Threei} not bad overall
[14:14] {Threei} a bit too volatile but it's stronger than market
[14:14] {Threei} I wouldn't wait for .21
[14:14] {Threei} I'd try to get it aggressively as soon as market turns
[14:14] {Threei} and go for a scalp
[14:15] {Threei} there you go
[14:15] {Threei} .95 in
[14:15] {Threei} offer for a scalp
[14:16] {Threei} much more reliable than breaks in this environment
[14:16] {_xzap} I just used to trading breaks
[14:16] {_xzap} never tried scalping
[14:16] {Threei} different methods for different markets
[14:17] {Threei} pure breaks rarely work in jerky markets
[14:17] {Threei} out .11 and .12
[14:17] {_xzap} but man when this mkt turns, the breaks will be long runs
[14:17] {Threei} yeah but we trade today
[14:17] {Threei} and today this kind of entries works better
[14:17] {Threei} roll with punches
[14:18] {_xzap} understood
[14:18] {_xzap} short JRCC ?
[14:19] {Threei} it's not at the breakdown point
[14:19] {Threei} it would be a chasing here
[14:19] {Threei} let it bounce or consolidate
[14:20] {_xzap} it's been consolidating for quite a while
[14:20] {magoo} my god..shorts are back..cme now avail short..and its crushed
[14:20] {magoo} u think correlation vad
[14:20] {Threei} yes but it was consolidating higher
[14:20] {Threei} not here
[14:20] {Threei} here it's already on the run
[14:20] {Threei} most harmful thing you can do in jerky market is chase
[14:21] {Threei} because of sharp snpabacksa
[14:26] {_xzap} Do you read candles as part of your decision Vad ?
[14:26] {magoo} aapl vad?
[14:26] {Threei} as in japanese candlesticks?
[14:26] {_xzap} yeah, can dlesticks
[14:27] {Threei} nope
[14:27] {magoo} l biduy here .69
[14:31] {_xzap} UMPQ at day's low with selling pressure
[14:32] {_xzap} scratch that, no vol
[14:32] {magoo} taking too long
[14:32] {magoo} notr working
[14:32] {Threei} be back in 20 guys
[14:33] {_xzap} in @ 212.69 Mag ?
[14:34] {magoo} out
[14:35] {magoo} yes
[14:35] {magoo} out
[14:35] {_xzap} did it hurt ?
[14:35] {magoo} 'no 100 sh
[14:38] {_xzap} Mag, dcc
[14:44] {laserdave1} mag dcc
[14:45] {_xzap} U.S. technology companies collectively have as much as $250 billion in cash, providing most companies in the sector with a cushion to weather the current liquidity crisis, according to a new report from Fitch Ratings.
[14:48] {GeoArb} ES approaching LOD
[14:48] {magoo} down 200 again..sigh
[14:51] {Threei} back
06[14:51] * Threei passing a tissue to magoo
[14:51] {magoo} u were gone??he he
[14:51] {GeoArb} i gotta figure out the fancy messages
[14:51] {GeoArb} how do you do thaT?
[14:52] {Threei} lol
[14:52] {Threei} use /me command
06[14:52] * GeoArb is awed
[14:52] {Threei} thwre
[14:53] {Threei} ok guys, this is something to laugh hysterically
[14:53] {_xzap} Vad, short UMPQ ?
[14:54] {Threei} too thin
[14:54] {GeoArb} new issue?
[14:54] {Threei} nochart is right, but stock is very thin, imposible to read
[14:54] {Threei} gues what Paulson told in the spring of 2007 to audience at Shanghai exchange
[14:55] {Threei} open markets can allocate resources far better that givermental interventions
[14:55] {Threei} lookie what paulson does just one year later
[14:55] {hawkfan4} lol, why am i not surprised by that?
[14:56] {_xzap} short CQOM below .50?
[14:56] {magoo} scary to short here imo
[14:57] {Threei} CQOM?
[14:57] {magoo} last hour ramp or same as yesterday vad?
[14:58] {Threei} doubt it
[14:58] {Threei} no players
[14:58] {magoo} this constant crash down is getting tiresome
[14:58] {magoo} low volume?
[14:58] {Threei} today doesn't count
[14:58] {Threei} look at the volume
[14:58] {Threei} holiday
[15:00] {_xzap} Vad, the next call you make can you tell me why and whay you're looking at ?
[15:00] {_xzap} I'm trying very hard to learn your technique
[15:00] {Threei} zap... there are books and courses without which you won't
[15:01] {Threei} you are trying to reverse-endenier it
[15:01] {Threei} enginier
[15:01] {Threei} grrr... spell it someone for me, lol
[15:01] {_xzap} ok, tell me why not to short QCOM
[15:01] {Threei} why not learn theory first, then try to apply it in lpractice
[15:01] {Threei} who said not to shor tit?
[15:02] {magoo} emementeneer vad
[15:02] {Threei} 40.50 was clean short trigger
[15:02] {hawkfan4} it thought it was reigndeer
[15:02] {magoo} i did
[15:02] {Threei} sigh
[15:02] {magoo} worry about snap back violenrt ramp here
[15:03] {Threei} sheesh... I see now... you aksed about CQOM
[15:03] {Threei} I checked out, no such symbol
[15:03] {Threei} I asked
[15:03] {Threei} you never corrected
[15:03] {_xzap} oh
[15:03] {Threei} so I look at QCOM just now
[15:03] {Chaeron} lol
[15:03] {Threei} [14:56] {_xzap} short CQOM below .50?
[15:03] {Threei} [14:57] {Threei} CQOM?
[15:03] {_xzap} can I say dammit in here
[15:04] {magoo} sorry xzap
[15:04] {_xzap} not your fault Mag
[15:04] {magoo} everythings falling
[15:04] {magoo} aapl rimm bidu
[15:04] {magoo} goog
[15:04] {_xzap} I jsut thought I saw the sell off coming
[15:04] {magoo} good read
[15:05] {_xzap} I've been watching the TRIN creep up
[15:05] {_xzap} that is one tell you can count on
[15:05] {_xzap} my scanners help a lot too
[15:07] {_xzap} we should close today with the Dow in the 8's
[15:11] {Threei} watch QCOM for bounce off 40
[15:11] {Threei} first strength from here with NQ greening
[15:12] {Threei} stop under 39.90
[15:12] {magoo} jesus down 309
[15:12] {magoo} dow 8900
[15:13] {_xzap} in 39.78
[15:14] {Chaeron} do we put on our DOW 8000 hats now or.......?
[15:14] {Threei} I lost mine
[15:14] {Threei} it's been a while
[15:14] {Chaeron} I have my DOW 12000 hat for sale on ebay... no bids
[15:15] {hawkfan4} lol
[15:15] {GeoArb} who was the guy who wrote the book dow 36000
[15:15] {_xzap} out 39.97
[15:15] {Threei} half out at least zap
[15:15] {Threei} good exit
[15:16] {_xzap} thx vad
[15:16] {GeoArb} ahh yeas kevin hassett... currently a senior economic advisr to mccan
[15:16] {_xzap} IN this mkt those whole numbers will get ya
[15:18] {_xzap} remember all the "experts" calling for the Dow 15000 by year's end?
[15:19] {GeoArb} no kidding.... we might actually need the 8000 hat
[15:19] {Threei} oh good
[15:19] {GeoArb} whats that?
[15:19] {_xzap} you know my number, Dow 7500
[15:19] {Threei} here goes autoindustry
[15:20] {Threei} wait... it's already gone
[15:20] {Onix} yes F @ 2.30
[15:20] {Onix} nearly off the map
[15:21] {GeoArb} man
[15:21] {_xzap} I think we'll close today around 8740
[15:23] {Threei} Long Setup: ADBE .40 if stays above .25
[15:24] {_xzap} in 29.37
[15:24] {magoo} in'
[15:24] {_xzap} offered at .50
[15:24] {_xzap} out
[15:25] {_xzap} thank you Mr. Vad
[15:25] {Threei} sure
[15:25] {peterg} made .09 with limit on entry tks
[15:25] {Threei} stinkin' scalpers... that's because of you market can't go up
[15:25] {GeoArb} nice peteg
[15:25] {Threei} you and shorters
[15:25] {peterg} tks geo
06[15:25] * GeoArb is embarrassed
[15:26] {peterg} great color!
[15:26] {GeoArb} 3i is throwing out accusations
[15:27] {_xzap} what brought that to your attention Vad?
[15:27] {Threei} that's because I like assigning blame
[15:27] {Onix} ty Vad, made 10c on ADBE :)
[15:27] {Threei} for global warming... for low production of ivory buttons in Argentina... for steroids untimely death in upper layers of atmosphere
[15:27] {_xzap} watch AA to drop
[15:27] {Threei} welcome onix
[15:28] {Threei} zap... this is one of stocks I wantch constantly these days
[15:28] {_xzap} k
[15:29] {magoo} they will not buy close on friday to hold over weekend
[15:29] {magoo} so rally postponed
[15:29] {_xzap} AA short Vad ?
[15:30] {Threei} come on
[15:30] {Threei} 50 cents verticasl drop
[15:30] {Threei} you want to short ast the low of such parabolic move
[15:30] {Threei} ?
[15:33] {Threei} oil barely above 86?
[15:33] {hawkfan4} 84.92
[15:34] {Threei} wow, really?
[15:34] {hawkfan4} yep, now 85.04
[15:34] {Chaeron} yea for the speculators!!!!
[15:34] {Threei} lol
[15:34] {GeoArb} heheh chaeron
[15:35] {Threei} gold is down too I see
[15:35] {Chaeron} well, they're the ones responsible for shorting it down to here, no???
[15:35] {Threei} or my quotes lie?
[15:35] {GeoArb} i thought you were on eof em
[15:35] {Chaeron} it's all a lie
[15:35] {Threei} now .30 breakdown is a short on AA
[15:36] {Threei} after some consolidation
[15:36] {GeoArb} fast
[15:36] {_xzap} so you would not have shorted at 13.8 ?
[15:36] {Threei} 13.80?
[15:36] {Threei} it was .50 when you asked
[15:36] {Threei} .80 I would, it was breakdown
[15:37] {_xzap} [15:27] {_xzap} watch AA to drop
[15:37] {Threei} [15:29] {_xzap} AA short Vad ?
[15:37] {Threei} [15:30] {Threei} come on
[15:37] {Threei} this is what I replied to
[15:38] {_xzap} I was throwing a watch out there
[15:38] {Threei} OK, then to avoid misunderstanding, insert a price in your question
[15:38] {Threei} you ask it, I look
[15:38] {Threei} see sharp drop
[15:38] {_xzap} understood
[15:39] {patience} oil might be in the 70's by the time dino gets back on monday
[15:39] {Threei} I suppose he won't be crying
[15:40] {_xzap} not far from 8740
[15:40] {Threei} hmmm... BRK.A is down $28,000/share
[15:41] {hawkfan4} buy for a bounce scalp?
[15:41] {_xzap} prob. why the Buffet effect didn't work on GE
[15:41] {Threei} try to bid inbetween the spread
[15:41] {Chaeron} yeah... I'm short small lot... 1000s :) (wishing)
[15:41] {dptl} :)
[15:42] {Threei} ADBE sharp drop, bounce canddiate
[15:42] {_xzap} Hey Vad, do we short AA under 13
[15:42] {Threei} I don't
[15:42] {Threei} it fell much less than market did
[15:42] {Threei} relative strength
[15:42] {Threei} it's more likely to bounce than continue down
[15:43] {Threei} grabbed quick 18 cents scalp ADBE
[15:45] {Threei} -568
[15:45] {Onix} wtg
[15:45] {Threei} it's a bit too much
[15:45] {Threei} your normal garden variety day is -350
[15:45] {hawkfan4} Alan Farley
[15:45] {hawkfan4} VIX over 60 (oh my!)
[15:45] {hawkfan4} 10/9/2008 3:40 PM EDT
[15:45] {hawkfan4} This is the part where frogs fall from the sky and the rivers turn to blood....
[15:45] {hawkfan4} Position: flat
[15:46] {Threei} lol Alan
[15:46] {Threei} selling accelerating
[15:47] {Threei} too bad it's just 15 min till eod
[15:47] {_xzap} this is a good thing
[15:47] {Threei} if we had couple hours to go, that would be verry interesting moment to play
[15:47] {GeoArb} man
[15:47] {GeoArb} my poor 401s
[15:47] {GeoArb} :)
[15:48] {magoo} how can days play out same
[15:48] {magoo} sell off yesterday'
[15:48] {magoo} are we idiots?
[15:48] {magoo} short big $$
[15:48] {GeoArb} damned shorts
[15:48] {patience} what we know for sure is governments are prepared to keep pouring money in...
[15:48] {Threei} [15:48] {magoo} are we idiots?
[15:49] {Threei} ummm
[15:49] {Chaeron} }{
[15:49] {dptl} oops..:)
06[15:49] * GeoArb is not touching that
[15:49] {_xzap} VAd, do we short AA now ? LOL
[15:49] {Threei} as tempting as it is to say of course...
[15:49] {Threei} we are positive 3 days out of 4 this week
[15:50] {Threei} find me many mrket participants who can say it this week
[15:50] {Onix} how about that RGLD hey!?
[15:51] {Threei} instead of grinning, you coluld be pocketing 30 cents bounce on AA right now, zap :)
[15:51] {_xzap} I'm just messin' w/ya Vad, I knew I should have taken that trade
[15:51] {Threei} I mean 40 cents
[15:51] {Threei} I mean 50
[15:51] {_xzap} I won't trade this close to the close
[15:51] {Threei} etc... you got the drift
[15:52] {Threei} now you can try and short it
[15:52] {Threei} small
[15:52] {GeoArb} looked like a dino trade
[15:52] {_xzap} done for the day
[15:52] {Threei} okay then
[15:52] {GeoArb} sheesh
[15:53] {GeoArb} some guy said they have a new name for company plans
[15:53] {Threei} -627 DJI
[15:53] {GeoArb} 201K
[15:53] {Threei} lol
[15:53] {dptl} red october :)
[15:53] {_xzap} I don't know why it didn't come across the wire, but there was negative news on AA when I said watch it to fall
[15:53] {Threei} lol dp
[15:54] {dptl} :)
[15:54] {Threei} GM under 5
[15:54] {Threei} this is national shame
[15:54] {GeoArb} why?
[15:55] {_xzap} THis was published just now: Standard & Poor's lowered its outlook on Alcoa Inc. (AA) to negative, but affirmed all ratings for the largest U.S. aluminum producer.
[15:55] {_xzap} Alcoa shares were down 12.6% to $12.85 in recent trading.
[15:55] {Chaeron} you're a Canadian... what do you care? :)
[15:55] {Threei} it's GM for pete's sake
[15:55] {GeoArb} lol chaeron
[15:55] {_xzap} GM will be taken over by the Chinese
[15:55] {Threei} I drive Nissan... sop not much
[15:55] {Threei} but sheesh
[15:55] {magoo} who reports tonight ?
[15:55] {GeoArb} they will go bankrupt
[15:56] {GeoArb} renegotiate the contracts
[15:56] {Threei} they aren't too big to fall?
[15:56] {patience} vad, have a look at chart...i managed to hold it without cracking today....
[15:56] {GeoArb} and come back strong
[15:56] {Threei} wow patience
[15:56] {patience} big amount of options
[15:56] {patience} i hate it when my knees start knocking
[15:56] {GeoArb} how do we get to see the chart
[15:57] {patience} look at abx on the american side i guess...won't be exactly the same
[15:57] {_xzap}
[15:57] {Threei} mags... no one significant
[15:57] {Threei} unless HRLY is
[15:58] {GeoArb} thansk
[15:58] {Threei} did we just bounce 40 p;oints on NQ?
[15:59] {hawkfan4} just about
[15:59] {Threei} unbelievable volatility
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {_xzap} u 2 dp
[15:59] {GeoArb} very intresting day
[15:59] {patience} yup
[15:59] {GeoArb} coming back down in last min
[16:00] {Threei} OK guys... we have one more day to be amused tomorrow
[16:00] {Threei} thank you all
[16:00] {_xzap} I know some don't agree with me, but I think today's sell off was a good thing
[16:00] {Threei} why, we agree
[16:00] {Onix} thanks & bye
[16:00] {_xzap} oh, OK Vad
[16:00] {Threei} flush is good for removing overhead on the way up
[16:00] {_xzap} c ya Onix
[16:01] {Threei} have a good evening, see you all tomorrow
[16:01] {_xzap} see ya Vad
[16:01] {_xzap} lte guys & girls