Nice first half of the day, then market got a bit listless. More of the same tomorrow I'd guess. Still, profit is profit
Session Time: Mon Nov 03 00:00:00 2008
[07:47] {amarg} hello vad
[07:47] {amarg} hello dptl and geo
[07:48] {lisa_jay} Hi Amar....are U from the East coast?
[07:48] {amarg} hello lisa, texas
[07:49] {amarg} I'm new to vad's trading, joined on friday, for the most part, just watched you guys talk on friday
[07:50] {amarg} have you guys been around this platform for a while, and what's your overall opinion?
[07:50] {lisa_jay} I am new too...only been trading 2 weeks with Vad.
[07:51] {amarg} I'm waiting for the study material package and went through the online reading,
[07:51] {lisa_jay} Did you get his course?
[07:51] {lisa_jay} Oh sorry...once you get the course a lot of Vad's calls will make sense.
[07:52] {amarg} do most people in your opinion trade based on vad's recommendations or when he produces a signal or do the materials teach you to generate those on your own
[07:53] {amarg} dptl and geo, maga, if you aren't busy, your comments would be well appreciated as well
[07:54] {amarg} lisa are you trading with mbtrading or who? what tools you use to call trades?
[07:55] {lisa_jay} I think most of the traders here take some of their own trades as well. Keep in mind that they have a lot of experience on their own and with Vad.
[07:55] {lisa_jay} They just don't post them all the time since they take on more risk (Aapl, bidu, goog etc) and are not for novice. I for one stick to Vad's calls mostly.
[07:56] {lisa_jay} Example Dino trades capitulation and euporia - but with very strict stops....
[07:56] {lisa_jay} I think.
[07:57] {lisa_jay} Amar, talk to Vad about the best trading platform to use. I don't use MB trading.
[07:58] {_maga} hi everybody, I'm new too. today is my first day. so I cannot judge but I loved Vadym's books a lot!
[07:58] {_maga} #floor Cannot send to channel
[07:58] {amarg} thank you, my goal is to learn a program or techniques to be able to make more right calls than before, without that I feel all we do is gamble
[07:59] {lisa_jay} Yes.
[07:59] {amarg} so any comments on checking out whatever tools to better your probabilities is well appriciated
[07:59] {_maga} I agree
[08:00] {amarg} man, was I wrong on thinking that market was going down to test 7500 and hoping that DXD will head further up, while it fell by 20 points last week
[08:04] {magoo} morning
[08:04] {lisa_jay} Hi Magoo.
[08:22] {Threei} Good morning
[08:23] {Threei} 11/03/08 06:00am
[08:23] {Threei} [DRYS] DryShips, Inc Reports Q3 $3.53 v $3.60e, R $329M v $306Me
[08:23] {Threei} - Q3 Net voyage revenue $228.2M v $140.5M y/y
[08:23] {Threei} - Sees Q4 costs of $7.9M for dry docking
[08:23] {Threei} - Firm has total liquidity of $1.6B
[08:23] {_maga} good morning Vad
[08:23] {Threei} morning maga, welcome to the room
[08:23] {Threei} nice numbers and gap DRYS... but:
[08:24] {Threei} 08:13am Baltic Dry Bulk Index falls 2.8%, down 21 straight sessions (lowest reading since Feb 1999)
[08:24] {_maga} thank you
[08:24] {Threei} lasr week heroes are showing strength again this morning
[08:25] {Threei} UAUA and LVS
[08:25] {Threei} magoo, on AAPL:
[08:25] {Threei} FRIEDMAN BILLINGS MAKING CAUTIOUS COMMENTS ON IPHONE PRODUCTION (TIMING UNCERTAIN)
[08:25] {Threei} - Notes production could fall approx 40%
[08:26] {Threei} 8:22am, dropped whole point on this comment
[08:27] {Threei} just keep in mind your bellweather may disconnect from the rest of the market if players take tgis seriously
[08:29] {Threei} who hates this endless jerking the clock back and forth twice a year, raise your hand...
06[08:29] * magoo slaps Threei around a bit with a large trout
[08:29] {Threei} one hand, I see
[08:29] {tomg} speaking of clock, didn't there used to be a real time clock on Laser somewhere?
[08:29] {tomg} gm btw
[08:30] {Threei} morning tom
[08:30] {tomg} on level II, I thought
[08:30] {Threei} yes
[08:30] {Threei} window right under amount of shares
[08:31] {Threei} when you click on it it toggles between T and %
[08:31] {Threei} T is time
[08:31] {Threei} works on NASDAQ stocks only I think
[08:31] {tomg} ah, got it back, ty vad
[08:31] {amarg} you mentioned DRYS, is that a play for short sale based on baltic index?
[08:32] {Threei} not necessary
[08:32] {Threei} news is news... it's not always a sole reason for a play
[08:32] {Threei} reason to look, yes
[08:33] {Threei} all too often stock does opposite to what news suggests
[08:33] {Threei} which is a great opportunity to "fade the news"
[08:33] {Threei} price/information divergence...
[08:34] {Threei} http://www.realitytrader.com/blog/2008/10/information-price-divergence.html
[08:34] {amarg} since I'm new and not familiar with what are some of the usual symbols traded, can you throw out some symbols so that I can study them and be ready when you make a call
[08:35] {amarg} of course I imagine you follow a few stocks regularly
[08:35] {Threei} it's not like we have a firm list
[08:35] {Threei} but yes, some usual suspects appear now and then
[08:35] {Threei} and we play them regularly while they are active
[08:35] {Threei} lately, examples would be
[08:35] {Threei} UAUA
[08:35] {Threei} LVS
[08:35] {Threei} HIG
[08:35] {Threei} ADBE
[08:36] {Threei} then they run out of favor
[08:36] {Threei} new ones appear
[08:36] {Threei} about a year ago we played whole list of solars practically every day
[08:36] {Threei} haven't heard from them in quite a while
[08:36] {Threei} but I suspect they may be back in play on election outcomwe
[08:37] {Threei} or not... tape will tell
[08:37] {magoo} ty on aapl news vad
[08:38] {Threei} so let me get this straight... you trout me first, look later?
[08:39] {magoo} u got that right...whats the problem:)
[08:40] {Threei} none, I would worry about your health if it was any different
[08:47] {magoo} vad, news bidu?
[08:48] {Threei} 07:00am [BIDU] Announces $200M stock buyback (2.8% of market cap)
[08:48] {dawg} good morning everyone, new subscriber here
[08:48] {Threei} morning dawg, welcome aboard
[08:49] {dawg} Thank you Vad you have been doing a fabulous job from the logs
[08:49] {Threei} HOLDER WYNNEFIELD DISCLOSES KAHN CAPITAL HAS MADE A $6.05/SHR OFFER FOR WEDC AND URGES BOARD TO ACCEPT THE OFFER
[08:49] {Threei} hmmm... 6.05?
[08:50] {Threei} why is it available under 5?
[08:54] {lisa_jay} Good morning Vad.
[08:54] {Threei} lisa :)
[08:56] {Threei} LVS tested Fri high
[09:00] {lisa_jay} Citi Upgrades Chip Sector - analyst recommends QCOM, NVDA, INTC, ALTR, STM, IDTC
[09:02] {dino} good morning reality trader (robin williams/nam)
[09:02] {Threei} morning dino
[09:02] {patience} good morning guygs :)
[09:02] {Threei} patience :)
[09:02] {Onix} Good morning all
[09:02] {Threei} onix :)
[09:03] {lisa_jay} Hi Patience, Dino, and Onix
[09:05] {patience} good morning lisa, where do you live?
[09:05] {lisa_jay} CT.
[09:05] {patience} is it cold yet?
[09:05] {dino} :)
[09:06] {lisa_jay} Yes..should be nice today though (61)
[09:06] {dino} welcome to the jungle newbies
[09:06] {dino} follow vad to learn, imo. i trade on my own
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {lisa_jay} Hey Geo.
[09:07] {dino} thinking out loud, will the insurers offer more fun today
[09:07] {Onix} hi
[09:07] {Onix} geo
[09:07] {cosmo} SOLF maybe
[09:07] {_maga} tx Dino
[09:07] {Threei} Geo, you know who was asking for you on Fri, right?
[09:07] {Geo} ?
[09:07] {lisa_jay} :-)
[09:08] {Threei} starts with A
[09:08] {Threei} ends with S
[09:08] {Threei} and has RR in the middle
[09:08] {Geo} hehehe
06[09:08] * Geo respects alll animals
[09:09] {Threei} be back in 5
[09:12] {dino} np maga
[09:14] {Threei} one thing we need to gauge today is,
[09:15] {Threei} will market hesitate before the election or it pretty much made up its mind
[09:18] {dptl} good morning all
[09:18] {Threei} dp :)
[09:18] {Onix} Hi dp
[09:20] {Threei} uncertain opening so far
[09:20] {Threei} let's be patient as always
[09:20] {cosmo} 10 min i say
[09:20] {Threei} that's a certain spect of it, yeah
[09:20] {Onix} have not seen the market this calm for many months
[09:20] {Threei} yes... meek action
[09:21] {Threei} wait for good safe plays, no point in jumping with both feet while market decides
[09:22] {Onix} solid advice as always, ty
[09:23] {Threei} NVDA is green
[09:24] {Threei} not something I'd try to buy right out of the gate but worth keeping eye on
[09:24] {Threei} LVS and UAUA as usual, pullback buys rather than breakout
[09:24] {peterg} mornng team
[09:24] {Threei} peter :)
[09:25] {Onix} hi peter
[09:26] {peterg} hi
[09:26] {peterg} !
[09:28] {_maga} yes the same was here in Europe, the market was as calm as I was no more used to
[09:28] {cosmo} SOLF tests 6.50 at some point fwiw
[09:28] {Threei} rough waters became a norm, lol
[09:28] {Threei} qwe are uncomfortable in calm seas now
[09:29] {Threei} SOLF is a play if consolidates a bit, then breaks
[09:30] {ese} morning
[09:30] {Threei} ese :)
[09:31] {Threei} Long Setup: UAUA half lot .50 break
[09:31] {Threei} STOP UNDER .40
[09:31] {magoo} missed
[09:31] {Threei} too fast?
[09:31] {Threei} ok, don't chase
[09:31] {Threei} let it pull back
[09:31] {lisa_jay} Yes...is this pullback buyable?
[09:31] {Threei} market sharp red bar
[09:32] {Threei} LVS
[09:32] {Threei} watch for bounce from 15
[09:32] {Threei} no exact entry price, more of a gut play
[09:33] {Threei} in .95
[09:33] {Threei} stop under .80
[09:34] {Threei} UAUA .60 break long if stays above .50
[09:34] {Threei} half out LVS 15.20
[09:35] {Threei} stop to under 14.90 for the balance
[09:36] {Threei} offering balance .55
[09:37] {Threei} missed UAUA
[09:38] {Threei} out balance LVS
[09:38] {Threei} Long Setup: SOLF .57
[09:39] {magoo} dam
[09:39] {Threei} stop under .45
[09:39] {magoo} missed solf
[09:39] {Geo} y
[09:39] {Onix} ty Vad, got 70c LVS on 100 sh
[09:39] {Threei} :)
[09:39] {Threei} anyone got SOLF?
[09:39] {Threei} if not I won't trackl it
[09:40] {lisa_jay} Not me.
[09:40] {ese} missed it as well
[09:40] {peterg} nope
[09:40] {Threei} OK
[09:40] {Threei} UAUA
[09:40] {magoo} rimm news vad
[09:40] {lisa_jay} lvs
[09:40] {Threei} nears that total breakout at 16
[09:40] {lisa_jay} sorry, wrong screen
[09:40] {lisa_jay} lvs
[09:40] {Threei} this is risky one
[09:40] {Threei} but daily is fantasic
[09:40] {Threei} C&H
[09:40] {Threei} le'ts try and structure it on both intraday and daily
[09:41] {Threei} Long Setup: UAUA 16 break if stays above 15.80
[09:44] {Onix} in UAUA @ 15.99
[09:45] {amarg} should i catch uaua if it comes near 16
[09:45] {ese} bstopQQQQ 33.03
[09:46] {Threei} yes, just not on a price alone - make sure it shows strength and reverses back up
[09:46] {Threei} but it doesn't look like it will
[09:46] {ese} l Q's .03
[09:47] {Threei} sold any Onix?
[09:47] {Onix} 1/3 @ .27
[09:48] {Threei} :)
[09:50] {dino} nstc sm l .00, stop lod
[09:53] {Threei} Long Setup: LVS .85 half lot
[09:53] {Threei} if stays abovce .70
[09:57] {Threei} half out UAUA .40
[09:58] {Threei} stop under 16
[09:58] {Threei} not a scalping play for me
[09:58] {Threei} aiming to sell 1/4 more at .75
[09:58] {Threei} and last portion above 17
[09:58] {Onix} out 1/3 more UAUA @ .47
[09:58] {Threei} {--- greedy
[10:00] {Onix} stopped lvs
[10:00] {Threei} LVS stopped
[10:00] {dawg} LVS stopped
[10:00] {Threei} SEPT CONSTRUCTION SPENDING (M/M): -0.3% V -0.8%E
[10:00] {peterg} made +.07 on LVS thks
[10:00] {Threei} OCT ISM MANUFACTURING INDEX: 38.9 V 41E; PRICES PAID: 37 V 48E
[10:00] {Threei} - Employment Index: 34.6 v 41.8 prior
[10:00] {Threei} - New Orders Index: 32.2 v 38.8 prior
[10:02] {magoo} going red boss
[10:03] {Onix} all out UAUA
[10:03] {Threei} I don't mind
[10:04] {ese} stopped Q's _.19
[10:04] {ese} ARGHHHHHH
[10:05] {ese} -.19 that is
[10:06] {dino} hl ceph l .00
[10:07] {peterg} hl?
[10:07] {Threei} half lot
[10:07] {peterg} tkis
[10:07] {dino} ceph stopped -.24
[10:10] {dino} qcom l sm .53
[10:10] {dino} stop is lod
[10:10] {Onix} Vad, you still in UAUA?
[10:10] {Threei} half
[10:11] {Threei} [09:57] {Threei} half out UAUA .40
[10:11] {Threei} [09:58] {Threei} stop under 16
[10:11] {Threei} [09:58] {Threei} not a scalping play for me
[10:11] {Threei} [09:58] {Threei} aiming to sell 1/4 more at .75
[10:11] {Threei} [09:58] {Threei} and last portion above 17
[10:11] {dino} kbr l .25, stop .99
[10:12] {Threei} Long Setup: NVDA 9.11 if stays above 9
[10:12] {dino} ice?
[10:14] {Threei} chart is short on 81.50 break... but you know how volatile this one is
[10:15] {Threei} GERn... I asssume is a play on stem cells supposed strength on election outcomwe
[10:15] {Threei} GERN
[10:16] {Threei} SOLF got away from us big time eh?
[10:17] {Chaeron} nvda
[10:18] {Chaeron} oops... Good morning all
[10:18] {Threei} good morning to you too chaeron
[10:19] {dino} ice sm l .55
[10:20] {dino} out ice .95, +.409
[10:20] {magoo} morn cvharbroil
[10:21] {dino} sm ceph last try .00 l
[10:21] {Chaeron} hey 3i, mags :)
[10:22] {ese} mags......
[10:22] {ese} i mean CHHHH...
[10:22] {Chaeron} heheh ese :)
[10:24] {Threei} done with UAUA balance
[10:24] {Threei} may get back to this play but so far too unclear
[10:25] {dino} qcom stopped -.26
[10:25] {lisa_jay} Choppy today
[10:26] {Threei} yup
[10:26] {amarg} stopped lvs at 9
[10:27] {lisa_jay} CVS
[10:27] {Threei} ?
[10:27] {Threei} 9?
[10:27] {_maga} LVS or NVDA?
[10:27] {amarg} i had a stop loss on nvda at 9 , filled, sorry it was nvda not lvs
[10:27] {Threei} ok
[10:28] {Threei} not particularly important in this case, but stop should have been under 9, not 9 itlself
[10:28] {Threei} loss of support signifies stop
[10:28] {Onix} stopped NVDA
[10:29] {amarg} so what would be your advice, activate price 9, become market at ?
[10:29] {Threei} under 9
[10:29] {Threei} 8.99
[10:29] {amarg} ok
[10:30] {Threei} market or limit, this is different matter altogether
[10:30] {Threei} why not exwecute it manually?
[10:31] {dptl} eslr
[10:31] {amarg} well, i put in the stop order otherwise, when it's hovering around 9 or 8.99, the hope attaches that it won't go down, and it usually does and to avoid possibility of more loss, I place the order to stop as soon as I buy, what you think?
[10:32] {Threei} well, if you suspect you may have psychological troubles taking a stop - then by all means use hard stop until you get more confidence in your self-discipline
[10:33] {Threei} from pure trading standpoint, I prefer manual stops
[10:33] {dino} lol amarg, you sound a bit like me
[10:33] {amarg} ha ha
[10:34] {dino} i'm generally an idiot is i don't use hard stops
[10:34] {dino} xtex blood
[10:35] {Threei} Long Setup: HIG .50 break half lot if stays above .30
[10:35] {Threei} fast and risky
[10:36] {elpaso} hig
[10:36] {dino} met l .50
[10:38] {magoo} in hig vad
[10:38] {Threei} out .75, full or half, whatever you prefer, half for me
[10:38] {Threei} stop to under .50 for the balance
[10:38] {magoo} wait .94 here
[10:39] {Threei} .95 for me
[10:39] {Threei} just to have bragging rights of beating you by 1 cent
[10:41] {dino} nice hig
06[10:41] * Threei kicks HIG in the rear
[10:41] {Threei} was that a kick or was that a kick
[10:41] {Threei} out .95
[10:41] {magoo} nice kick..out here .94 TY
[10:41] {Onix} yes nice HIG, was just too fast for me
[10:42] {lisa_jay} I am too slow this morning.
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
[10:42] {Threei} sigh
[10:42] {Threei} abuse I take...
06[10:43] * Chaeron slaps laserdave1 around a bit with a large trout
[10:43] {laserdave1} i have been planning that attack all weekend
[10:43] {Threei} good plan... worked
[10:43] {laserdave1} was practicing keys and doing speed drills on weekend
06[10:43] * laserdave1 slaps Chaeron around a bit with a large trout
[10:43] {Chaeron} gotta get a life Dave.
06[10:43] * laserdave1 slaps magoo around a bit with a large trout
[10:43] {Threei} I need to stop relaxing over the weekend, and prepare my defenses
[10:46] {ese} long CSIQ on pullback. .70
[10:46] {dino} markets confused
[10:47] {dino} or maybe just me
[10:47] {dino} out ceph .30, +.30
[10:47] {ese} I think they are confusiated
[10:47] {dino} confusal, oh bother
[10:50] {Threei} rofl
[10:50] {Onix} ty dino, I got +.47 on 100 sh in MET
[10:51] {dino} stopped met .99, +.49
[10:51] {Onix} off to work now, by
[10:51] {ese} out CSIQ .95 +.25
[10:52] {Threei} nice ese
[10:52] {_maga} solf
[10:52] {Threei} solars get traction
[10:52] {ese} see ya onix.....will be doin same shortly
[10:52] {ese} tks vad
[10:53] {Threei} big move FSLR
[10:53] {dino} gj onix, .49 for me
[10:53] {Threei} lol, look at this
[10:53] {Threei} HEARING JEFFERIES MAKES POSTIVE COMMENTS THIS MORNING (TIMING UNCERTAIN)
[10:53] {Threei} LVS
[10:54] {Threei} good morning Jefferies
[10:54] {Threei} can you say late to the party?
[10:54] {dino} timing uncertain...one way to cover their butts
[10:55] {Threei} uhhu
[10:55] {Threei} it works - told ya, it was a buy... it doesn't - told ya timing was uncertain
[10:55] {tomg} uaua?
[10:55] {Threei} by the way magoo... phone just rang, HIG called me an idiot, made evilish laughter and hung up
[10:56] {dino} thats why they make the big bucks
[10:56] {Threei} UAUA is scalp on bounces tom, no real read
[10:56] {Threei} etier you get a feel for a brief reversal to scalp or stay away
[10:56] {tomg} ty
[10:57] {magoo} dam vad...i wasnt even watching HIG
[10:57] {Threei} such major break as earlier 16 deserved much bigger move than 50 cents
[10:57] {magoo} had to show me eh?
[10:57] {Threei} drop back under it that far doesn't bide well for continuation
[10:57] {Threei} yes mags
[10:57] {Threei} why should I suffer alone
[10:58] {dino} met s .75
[10:59] {dino} cov -.15 no good
[11:00] {dino} l .00
[11:01] {Threei} listless range-bound market last hour
[11:01] {Threei} not pushing, waiting for something to shape up
[11:02] {dino} feels up imo
[11:02] {Threei} sure does
[11:03] {magoo} posilutely says dubya
[11:04] {Threei} CNN poll of polls has race tightened to 2 points
[11:04] {Threei} so there is a lot of uncertainty
[11:04] {dino} and down it goes
[11:05] {magoo} rimm back to old ways vad
[11:05] {magoo} finally
[11:05] {Threei} want to try .50 break?
[11:11] {dino} ci l .85
[11:15] {dino} out ci .09, +.24
[11:15] {Threei} Long Setup: MS 18.50 half lot if stays above .30
[11:16] {Threei} invalidated
[11:16] {Threei} HIG holding well while market retreats
[11:19] {magoo} target MS vad?
[11:19] {Threei} if it sets up again, and market helps, I'd say aim to sell half around .75
[11:20] {Threei} if you are in a scalping mode today, full out closer to .8-
[11:20] {Threei} needs to consolidate again and not to lose .30 anymore
[11:22] {dino} ci l .11
[11:25] {Threei} HIG... if you are inclined to try high risk play, small shares long .50 if holding above .30
[11:26] {Threei} stop .25 or so, target closer to 16
[11:28] {dino} out ci .23, +.12
[11:31] {dino} out met, .12, +.11, bad entry
[11:33] {dino} qcom, l .20, stop .99
[11:36] {magoo} dave, DCC
06[11:37] * magoo slaps laserdave1 around a bit with a large trout
[11:37] {magoo} dave, dscc
[11:40] {Threei} yawn
[11:40] {Threei} market totally refuses to move
[11:40] {dino} tighten nstc thing is broken
[11:40] {Threei} 5 points range for 30 minutes - when was the last time we've seen such stall
[11:42] {dino} 2005
[11:42] {Threei} lol
[11:42] {dino} feels up still, then big down tomorrow off election
[11:43] {magoo} its like driving on autobonn and then taking exit to country road speed limit 35
[11:43] {Threei} feeling as if you could walk faster than you drive
[11:47] {dino} feelings, nothing more than feelings
[11:48] {peterg} Barbra Streisand song
[11:50] {peterg} maybe not, maybe some other singer.....
[11:51] {peterg} I used to be uncertain of myself, but now I'm not so sure.........
[11:51] {Threei} lol
[11:51] {dino} qcom stopped -.22
[11:53] {dino} met l .83
[11:54] {dino} ci l .30
[11:56] {Threei} F
[11:56] {Threei} REPORTS OCT US VEHICLE SALES -30.2% V -32%E
[11:56] {dino} lol peterr
[11:57] {dino} think it was helen ready
[11:57] {magoo} ready =redy
[11:58] {Chaeron} now you guys have me yearning for my "Carpenter's Christmas" album
[11:58] {dino} out met .03, +.20
[11:59] {cosmo} Kingston Trio had a good one
[12:01] {dino} why do birds, suddenly appear
[12:01] {patience} everytime, magoo is near?
[12:01] {Chaeron} lol
[12:01] {dino} lo
[12:01] {dino} l
[12:02] {Chaeron} dino likes "Muskrat Love" & "Afternoon delight" too
[12:02] {patience} don't we all?
[12:03] {Chaeron} lol
[12:03] {dino} roflol, wow thats going back
[12:04] {peterg} Hoagy Carmichael, Jimmy & Tommy Dorsey
[12:04] {peterg} random associations
[12:04] {magoo} detroit rock city
[12:05] {peterg} the red-headed league
[12:07] {Threei} UAUA drawn-out consolidation between .80 and .95
[12:07] {dino} wynn blood
[12:07] {Threei} looks nice for break and spike - IF market gains upward momentum
[12:10] {Threei} watch LVS here
[12:10] {Threei} if WYNN bounces, LVS should give a scalp off 15
[12:11] {dino} penn s sm .15 stop hod
[12:13] {dino} hey 3i, do you not see what i am doing
[12:13] {dino} :)
[12:14] {dino} wynn wants lower imo
[12:14] {lisa_jay} Range scalping?
[12:14] {dino} yes back to scalp mode again lisa
[12:14] {Threei} sorry, I must have fell asleep
[12:14] {Threei} oh I see
[12:14] {Threei} venturing into my territory
[12:15] {dino} no shorted penn casino
[12:15] {Threei} unfortunately I don't have $1+ plays today, can't have my revenge
[12:16] {Threei} ah
[12:16] {Threei} CHRYSLER'S NARDELLI: INDUSTRYWIDE, OCT US SALES WILL BE DOWN ABOUT 31%
[12:16] {dino} me neither, so adapting
[12:17] {Threei} anyone found LVS entry, be satusfied with scalp
[12:18] {magoo} magoo kicks mkt in arse
[12:18] {Threei} market shapes up as a break...
[12:18] {Threei} maybe magoo helps
06[12:19] * Threei hands magoo steel-toed heavy duty army boots
[12:19] {magoo} magoo laces up 3i boots here
[12:19] {Threei} Porsche hurts
[12:19] {Threei} REPORTS OCT US SALES -50% TO 1,427 UNITS
[12:19] {Geo} in .13 out .25
[12:20] {Threei} wtg Geo
[12:20] {magoo} hope they are still around when i can finally afford one..say 2018
[12:20] {Threei} kidding?
[12:20] {Threei} in 2018 we all will be driving supersmall cars, potatoe-sized
[12:20] {dino} lol
[12:21] {Threei} running on oil left over after deep frying that same potatoe
[12:21] {dino} and drinking potatoe vodka
[12:21] {magoo} not me..ill find an old used porsche say 1999
[12:21] {dino} ci stop to b/e
[12:24] {dino} ci to .42
[12:24] {Threei} NSANY
[12:24] {Threei} REPORTS OCT US SALES DOWN 33% Y/Y
[12:24] {Threei} time to get my new Nissan is almost there I think
[12:24] {dino} dieeeeeeeee penn
[12:24] {Threei} DAI
[12:24] {Threei} REPORTS OCT MERCEDES-BENZ US SALES DOWN 25% Y/Y
[12:25] {Threei} Short Setup: LVS 15 break half lot
[12:26] {Threei} stop above .20
[12:26] {Threei} argh... not availabe
[12:26] {Geo} or wynn
[12:27] {magoo} magoo kicking and kicking mkt
[12:27] {magoo} these boots are heavy vad
[12:27] {Threei} nice kick
[12:27] {Threei} yes magoo... but effective
[12:28] {dino} out ci .57, +.27, stopped wynn .31 -.16
[12:38] {dino} hugh?
[12:38] {dino} thin
[12:38] {Threei} no news since August 11
[12:39] {Threei} LVS 1:2 almost
[12:39] {dino} ty
[12:39] {Threei} anyone had it available for short?
[12:40] {lisa_jay} not here.
[12:40] {dino} ah, oh
[12:40] {Threei} ok... good for paper trade in educational purposes then
[12:40] {dino} i put dave's gormet temporary insanity hot sauce on my lunch, and it's hot
[12:41] {lisa_jay} Vad, LVS desc. triangle?
[12:41] {Threei} Toyota is not faring much better
[12:41] {Threei} REPORTS OCT US VEHICLE SALES -25.9% Y/Y
[12:41] {dino} one more pop on hugh
[12:41] {Threei} DBI, descending traingle, breakdown of descending channel
[12:42] {Threei} inverted C&H
[12:42] {dino} i'm waiting for buy one get one free
[12:42] {Threei} all short formations you could think of in one flask
[12:43] {lisa_jay} Ok, thanks Vad.
[12:43] {dino} risky sm s hugh .24
[12:44] {dino} stop hod
[12:47] {Threei} HIG
[12:47] {Threei} SENIOR DEBT RATING CUT AT MOODY'S TO A3 FROM A2
[12:48] {Threei} this one is available
[12:48] {Threei} .55 short half lot if holding under .75
[12:50] {Threei} 1:1, cover half, scalpers get out
[12:50] {Threei} stop to .61 for the balance
[12:52] {Threei} 1:2
[12:52] {Threei} feel free to cover as see fit
[12:52] {Threei} 40 cents is 40 cents
[12:52] {dino} penn s .00
[12:52] {Chaeron} beauty Vad... sorry I missed tho
[12:52] {Threei} anyone got it?
[12:53] {lisa_jay} Nope, not my day today...missing everything.
[12:53] {Geo} 15 here
[12:53] {Threei} this one was not that fast
[12:53] {Threei} and gave second chance twice
[12:53] {dawg} 26 here
[12:53] {lisa_jay} Was away from desk for a few minutes...my fault.
[12:54] {Threei} ah
[12:54] {Threei} LVS educational short... frikin 75 cents
06[12:54] * Threei slaps laserdave1 around a bit with a large trout
[12:55] {Geo} hey vad did ya know?
[12:56] {Threei} trees grow upward?
[12:56] {Geo} inelliscan working on genesis laser robot beta?
[12:56] {Threei} huh?
[12:56] {Threei} I don't even understand the question :)
[12:57] {Geo} http://www.trade-ideas.com/Partners.html
[12:57] {Geo} genesis in beta
[12:57] {Threei} it's just linking?
[12:58] {Threei} linking works
[12:58] {Geo} auto trading lord vader
[12:58] {Threei} don't care about that
[12:58] {Geo} i know.... just an update
[12:58] {Geo} :)
[12:58] {Threei} why would I want a scanner signal go directly to execution without me looking at the chart and decising
[12:59] {Geo} pros and cons vad......
06[12:59] * Geo is a lowly messenger
[13:00] {Geo} vads the decidere
[13:01] {dino} your nose bleeding geo? you got tagged
[13:01] {Geo} ?
[13:01] {dino} by vad
[13:01] {Geo} what can i say
[13:02] {dino} :)
06[13:02] * Geo is on a politeness mission
[13:03] {Threei} careful Geo... ARRS the dog asked for your home address, and so far I withheld it
[13:03] {Geo} see dino?
06[13:03] * Geo is doubly polite
[13:04] {Threei} but being a day trader, Ive been known to change my mind on a dime
[13:04] {dawg} dogs?
[13:04] {Geo} lol
[13:04] {Geo} come to thinks of it vad
[13:04] {dino} penn stopped -.09, done w/it
[13:04] {Geo} now i cant even make this statement now th a nicknameat we hav
[13:05] {Geo} wow
[13:05] {Geo} now that we have a nickname dawg
[13:05] {Geo} :)
[13:05] {dawg} Yelp!
[13:09] {Threei} UAUA, feel free to take profit
[13:09] {Threei} can't read it after this spike
[13:10] {Threei} need pullback or consolidation
[13:13] {Threei} hardcore scalpers only:
[13:14] {Threei} wtch UAUA for this interesting pattern,
[13:14] {Threei} it teleports suddenly very low, then jumps back just as suddenly
[13:14] {Threei} from 30.s to .11
[13:14] {Threei} pause,
[13:14] {Threei} if you grab it quickly, it's above .20 next second
[13:15] {Threei} quick and easy one hundred bucks
[13:15] {Threei} but only if you are quick and efficient scalper
[13:15] {Threei} impossible to call in time, happens in a shake of lamb tail
[13:23] {Geo} in .12
[13:23] {Geo} out .24
[13:23] {Threei} there you go
[13:23] {Geo} scary though
[13:23] {Geo} did half lot
[13:24] {Threei} new for you method of trading, of course test it with smaller shares
[13:24] {Geo} Qs helped
[13:24] {Threei} but you saw how effective and quick it was
[13:24] {lisa_jay} Where would the stop be for this kind of trade Vad?
[13:24] {Geo} y
[13:24] {Threei} under 16
[13:25] {Threei} this is not a pattern that exists on many stocks
[13:25] {Threei} and even on UAUA it doesn't happen every day
[13:25] {Threei} but when it starts occuring, it continues for a while
[13:25] {Threei} so, matter of observation
[13:26] {Threei} keep also in mind, the range of such "teleportations" changes
[13:26] {Threei} it won't necessary be .10 - .25 next time
[13:27] {Threei} with marker weakening it can easily go to about 16,
[13:27] {Threei} adjust accordingly
[13:33] {Geo} hmmm
[13:33] {Geo} didnt know they were introducing 3x etfs
[13:36] {Geo} http://www.indexuniverse.com/sections/newsinfocus/10-news-in-focus/4080-direxions-triple-threat.html
[13:41] {dino} cov hugh +.40
[13:42] {Threei} wtg
[13:42] {dino} wyn sm l .85
[13:45] {dino} deck, decked
[13:47] {Threei} yawn
[13:48] {Threei} here is another UAUA teleport
[13:48] {Threei} probably will do one more
[13:48] {Threei} too long pause
[13:49] {Threei} anyway, grabbed .08
[13:49] {Threei} stop under 16
[13:49] {Threei} aiming to exit around .20
[13:51] {Threei} out .22
[13:51] {Geo} lets call this one the teleporation gap
[13:52] {Threei} I call it "the easiest $140 I made today"
[13:52] {Geo} lol
[13:52] {Threei} no seriously... how much easier can it get?
[13:55] {Threei} OK... here comes GM... hold onto your seats
[13:55] {Threei} REPORTS OCT VEHICLE SALES -45% V -39%E (UNADJUSTED BASIS) TO 171K UNITS FROM 310K Y/Y
[13:55] {Threei} - The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.
[13:55] {Threei} - Dealer stocks -15% y/y to 799K vehichles
[13:55] {Threei} - Affirms Q4 production forecast at 875K vehicles -15% y/y
[13:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[13:56] {Threei} who the heck is buying these endless seas of cars?
[13:57] {dino} hugh s .83
[13:57] {Threei} market weaker and weaker... next teleportation should probably wind down below 16
[14:01] {Threei} letting it dive lower this time
[14:01] {Geo} so vad did ya figure it out?
[14:01] {Threei} this was usual slide, not teleportation
[14:01] {Geo} cuz i still have that Q
[14:02] {Threei} why trees grow upward?
[14:02] {Geo} 10:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[14:02] {Threei} oh
[14:02] {Threei} no, not really
[14:02] {Threei} still mystery to me
[14:03] {Threei} thousands and thousands of them, and every year they clear out inventory and get new year models in
[14:03] {Threei} and there are a lot of used ones as well
[14:03] {Threei} and all this somehow gets cleared,
[14:03] {Geo} yup
[14:03] {Threei} yet this is not a tothbrush,
[14:03] {Threei} you don't buy new one a few times a year
[14:05] {Threei} even if you include guys like me in equation who lease their cars,
[14:05] {Threei} it's a new car every 3-4 years
[14:05] {Threei} but still, YEARS, not MONTHSA
[14:06] {Threei} SALES CHIEF: SEASONALLY ADJUSTED ANNUAL RATE (SAAR) AT 10.8M IN OCT, THE LOWEST SINCE 1982; INDUSTRY SALES DROP IS "FRIGHTENING" - CONF CALL
[14:06] {Geo} frightening enuff to refuse bonus?
[14:07] {Threei} sacred cows are called sacred for a good reason
[14:07] {Threei} bonus is untouchable
[14:13] {dino} lol
[14:14] {Threei} noticed? same pattern as Friday,
[14:15] {Threei} no order for a while, then cluster of trades comes along,
[14:15] {Threei} then no rhyme or reason again
[14:19] {dino} y
[14:24] {Threei} Short Setup: QCOM .79 half lot is stays below .90
[14:24] {Threei} if NQ drops sharply, grab aggressive entry
[14:27] {Threei} in .88, stop .95
[14:29] {Threei} no worky
[14:33] {Threei} LVS sudden jump
[14:33] {Geo} grabbed hig break of 15
[14:33] {Geo} too fast to call
[14:34] {dino} hugh stopped flat
[14:35] {Threei} good one Geo
[14:38] {amarg} what is nq
[14:38] {Threei} NASDAQ e-minis
[14:39] {Threei} just an indicator of NASDAQ movement
[14:42] {Geo} hig drop
[14:42] {Threei} UAUA is consolidating near the high again
[14:44] {Threei} Long Setup: UAUA .50 break, risky one
[14:44] {Threei} stop under .35
[14:46] {dino} sm l deck .85
[14:47] {Threei} wow LVS
[14:48] {lisa_jay} took it for a small scalp
[14:57] {Threei} stop to under .40
[14:59] {Threei} out
[14:59] {Threei} market goes for new lows
[15:00] {Threei} GM
[15:00] {Threei} OCTOBER SALES LEVEL 'NOT SUSTAINABLE' FOR THE AUTO INDUSTRY - CONF CALL
[15:01] {dino} so, i guess it gets worse if not sustainable
[15:01] {Threei} FED'S FISHER: CREDIT CONDITIONS ARE 'VERY TIGHT', DEMAND IS FALLING, EXACERBATING DOWNWARD SLIDE OF US ECONOMY; HAVE ENTERED A PERIOD OF 'IRRATIONAL FEAR' - TV INTERVIEW
[15:01] {Threei} - Remarks that Credit system is 'blocked'; the credit crunch is blunting the effectiveness of the Fed's rate cuts, will take time for effects of Fed actions to 'take hold', inflationary forces have 'vaporized'.
[15:01] {Threei} - Sees personally that there may be no economic growth through 2009.
[15:01] {Threei} - says may see several months of negative headline inflation, but not a deflationary trend.
[15:01] {Threei} - says Fed's balance sheet may reach $3T by year end, and 'not out of the woods' even as LIBOR declines
[15:01] {Threei} - Notes that a 'new arrangement is necessary for currencies'
[15:01] {dino} deck stopped. afternoon i'm cold
[15:01] {dino} taking break
[15:01] {Onix} I made it in for lunch ... not much happening?
[15:01] {lisa_jay} cvs range
[15:02] {dino} nope
[15:04] {Threei} QCOM fooled us eh
[15:09] {Chaeron} 4
[15:09] {Threei} you sure?
[15:09] {Threei} not 3? not 5?
[15:10] {Chaeron} 3.997528
[15:10] {Geo} uaua back
[15:10] {dino} hugh spikes
[15:10] {Chaeron} sorry wrong window :)
[15:15] {Threei} UAUA is back to teleportations
[15:18] {Threei} if market is done dropping, UAUA is going higher today
[15:18] {Threei} but finding entries is tricky
[15:19] {Threei} not really a breakout stock
[15:24] {Threei} .54 - 67
[15:24] {Threei} teleportation scalp
[15:30] {Threei} listless second half of the day... morning was much better
[15:30] {Threei} I suspect tomorrow will be much the same
[15:30] {Chaeron} just don't forget to vote
[15:31] {Threei} what do I have to do with your vote :)
[15:31] {Threei} I am spectator
[15:31] {Chaeron} same thing a ton of illegal aliens do... THEY'RE voting, why not you? :)
[15:31] {Geo} i am sure acorn can accomodate you vad
[15:31] {Chaeron} see?
[15:31] {Chaeron} dino? you agree?
[15:31] {Threei} lol
[15:32] {Chaeron} even ppl from Lebanon calling to support their choice...
[15:32] {Chaeron} why not canada?
[15:33] {Geo} in exchange well take the land
[15:33] {dino} acorn will register you vad
[15:33] {dino} same signature on thousands of democrat registrations, dead people, people who don't exist, etc.
[15:34] {dino} what kills me is they same voters should not have to produce id
[15:34] {dino} same=say
[15:34] {Threei} well
[15:34] {dino} they say its a hardship on the poor
[15:34] {Geo} dems learnt their lessons well
[15:34] {Threei} you guys tell me tomorrow if my vote will be decisive one
[15:34] {dino} it's basically so fraud can happen
[15:35] {Threei} and I'll run and vote
[15:35] {Geo} they spent more on state secretary election than ever before in hostory
[15:35] {Geo} history
[15:35] {Geo} ask em why and they will say harris florida
[15:36] {dino} i fear a return to carter years here
[15:36] {Geo} ugh
[15:36] {Geo} (not that i have memory)
[15:37] {dino} raise taxes, kill business, kill investment
[15:37] {dino} top rate to 49%
[15:37] {Geo} man
[15:37] {dino} cvap. gains to 30% from 15%
[15:37] {dino} capital
[15:38] {Threei} I hate LVS
[15:39] {Threei} how does it manage to stage such unreadable moves?
[15:39] {Chaeron} [12:35] {Threei} and I'll run and vote {{{ I think you should just run...
[15:39] {Threei} CNBC'S GASPARINO REPORTS OBAMA CONSIDERING LARRY SUMMERS AND THE FED'S TIM GEITHNER AMONG OTHERS FOR TREASURY SECRETARY
[15:39] {Threei} - Fomer Treasury Treasury Sec Volcker, BLK's Larry Fink, JPM's Dimon also supposedly being considered
[15:40] {Threei} Volcker??
[15:40] {Threei} isn't he about 80?
[15:40] {Chaeron} hmmm... will he suggest that to McCain when he and Sarah win?
06[15:40] * Geo slaps Chaeron around a bit with a large trout
[15:40] {cosmo} vogons live long
[15:40] {lisa_jay} I hate my h...
06[15:40] * Geo is vad's lackey
[15:40] {lisa_jay} oops did i just say that aloud...sigh
[15:40] {Chaeron} h...? LJ?
[15:41] {lisa_jay} was about to enter order at .05 LVS and got distracted.
[15:41] {Geo} i think vad missed your comment chaert
[15:41] {Chaeron} yeah... he has me on ignore
[15:41] {Threei} but of course
[15:41] {Threei} ignoring chaeron is my second favorite thing
[15:41] {Threei} first of course being:
[15:41] {Chaeron} ignoring magoo
06[15:41] * Threei slaps magoo around a bit with a large trout
[15:41] {Chaeron} lol
[15:41] {dino} lol
[15:42] {Threei} SOLF new surge
[15:42] {cosmo} green...green
[15:42] {Threei} more and more looks like solars will get a good kick if Obama wins
[15:43] {Chaeron} short coal tho
[15:43] {Geo} i just want it to be over
[15:43] {cosmo} long infrastructure?
06[15:43] * Geo cant stand all the hate
[15:43] {dino} short heathcare, health insurers, etc
[15:43] {dino} short oil, etc
[15:44] {dino} short it all
[15:44] {Chaeron} yep
[15:44] {Geo} lol
[15:44] {lisa_jay} Ok, will trout to relieve frustration.
06[15:44] * Chaeron slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} don't wanr... just do
06[15:44] * Geo slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} warn
[15:44] {lisa_jay} Snap out of it!
[15:44] {Threei} hmmm
06[15:44] * dino slaps lisa_jay around a bit with a large trout
[15:44] {Threei} do we slap girls around here?
06[15:44] * Geo slaps lisa_jay with a snapper
[15:45] {lisa_jay} Prefer Salmon..
[15:45] {Geo} oh and how do yo know i am not one too?
[15:45] {Chaeron} magoo set precedence with Patience
06[15:45] * Geo agrees
[15:45] {lisa_jay} Vad, how does one trout?
[15:45] {Chaeron} how do you all know I'm not Sharon?
[15:45] {Threei} easy lisa:
[15:45] {Geo} as in the Israeli sharon?
[15:45] {lisa_jay} Hairy legs give it away Chaeron.
[15:45] {Threei} click on the nick of the one to be trouted,
[15:46] {dino} and how do you know i'm not sarah palin?
[15:46] {Threei} right click,
[15:46] {Chaeron} shucks
[15:46] {Threei} at the bottom of dropdown menu you'll see slap
[15:46] {Chaeron} but they're nice hairy legs
[15:46] {Geo} ewww dino
[15:47] {dino} :)
[15:47] {lisa_jay} ok,my right click not working...it's a conspiracy.
[15:47] {dino} say it ain't so joe
[15:47] {Chaeron} ???? Larisa?
06[15:47] * Chaeron slaps Larisa1 around a bit with a large trout
[15:47] {Geo} hehehehe
[15:47] {Chaeron} is that you Lars?
[15:47] {Geo} lol
[15:47] {Threei} I thought you gone blind chaeron
[15:48] {Geo} hig wow
[15:48] {Threei} market pretty much took a breather today
06[15:48] * lisa_jay slaps Chaeron around a bit with a large trout
[15:48] {Threei} early plays were good
06[15:49] * lisa_jay slaps Geo around a bit with a large trout
[15:49] {Threei} after that it was each man for himself
[15:49] {Threei} good job lisa
[15:49] {Geo} barely madse 50 bucks today
06[15:49] * lisa_jay slaps dino around a bit with a large trout
[15:49] {Threei} 50?
[15:49] {Geo} yeah
[15:49] {Larisa1} hi to you too Chaeron, you forgot how to be polite without me :)
[15:49] {Threei} polite?
[15:49] {dino} chtt sm l .44
[15:49] {Chaeron} it IS you!!!!!!!!!!!!!!!!
[15:49] {Threei} that's one word this rtoom won't even tolerate
[15:49] {Geo} and dog
[15:49] {Larisa1} not talking to you, Threei, you never knew :)
[15:49] {Geo} oooh
[15:49] {Threei} nope, not really
[15:50] {Threei} but hey... I was always very good at being impolite
[15:50] {Threei} does that count?
[15:50] {Larisa1} yes, lets count it
[15:51] {Chaeron} Larisa, I keep getting told I am the most polite here and been trouted for it too
[15:51] {Larisa1} lol
[15:51] {Chaeron} I've even said, "Be glad Larisa isn't still here."
[15:52] {Threei} well, I'll be interested to see wherher 3 girls in the room make you bandits more civilized
[15:53] {Threei} I am afraid I know the answer though
[15:53] {Chaeron} Larisa wields a mean trout and meaner look-to-kill
06[15:53] * Geo starts spitting and polishing his tie
[15:55] {dptl} have a good evening all :)
[15:55] {lisa_jay} bye dp
[15:56] {Threei} if list of separate solars is a chanllenge, TAN may be one you want to trade
[15:56] {Threei} solar ETF
[15:56] {Threei} take care dp
[15:56] {Threei} SOLF 8
[15:58] {dino} keep in mind 3i, election not over until tomorrow night
[15:58] {Threei} yes
[15:58] {Threei} that's why I said tomorrow is likely to be much of the same
[15:59] {dino} ok
[15:59] {lisa_jay} Vad, Dcc please
[15:59] {Threei} CHRYSLER NOTES THAT WORST OF THE 'STORM' IS DONE
[15:59] {Threei} - Suports government tax incentive to help sales, whereby loan interest may be deducted from taxes
[15:59] {Threei} - Does not attribute declining sales to merger rumors
[15:59] {dino} out chtt .22 -.21
[16:00] {dino} .22
[16:00] {dino} having trouble on mondays, it seems a pattern may be building
[16:01] {Threei} Ok guys, thank you all
[16:01] {Threei} have a great evening, see you tomorrow
[16:03] {dino} ok, calling it a day, thx all
[16:03] {lisa_jay} Bye Dino.
[16:03] {dino} :)
[16:04] {_maga} bye everybody
[16:04] {dino} follow vad newbies, the guy is a machine
[16:05] {peterg} gnite team
[16:05] {peterg} dino is a machine too
[16:05] {dino} lol peter. not today
[16:06] {peterg} theres always tmo!
[16:09] {dino} indeed, i will do better
