Interesting day. Started out well, then tightly locked market kept us inactive. Followed wave of selling didn't have much volume or readablity for a while and cost us couple stops. Finally, we got back in tune with market and ended day solidly in the money with couple shorts, and nice QID long for a full dollar move. Notice comments at 12:27 explaining what threw my read off and at 14:10 and 15:44 showing what key unlocked today's profits.
Session Time: Wed Nov 05 00:00:00 2008
[08:03] {Threei} Good morning
[08:04] {Threei} someone left ADBE bid 29.10, just 6 cents below yest close... smacked it, but it was 100 shares only, lol
[08:06] {amarg} good morning to everyone
[08:06] {Threei} amarg :)
06[08:14] * laserdave1 slaps Threei around a bit with a large trout
[08:15] {patience} morning rt :)
[08:15] {Threei} patience :)
[08:15] {Threei} and you dave... you are even sneakier this morning than you were yesterday
[08:16] {laserdave1} i getting better as i grow old
[08:22] {lisa_jay} Goodmorning.
[08:22] {Threei} lisa :)
[08:24] {dawg} Morning
[08:24] {Threei} dawg :)
[08:39] {_maga} good morning
[08:40] {Threei} maga :)
[08:41] {peterg} morning all
[08:41] {Threei} peter :)
[08:41] {peterg} lisa, i have cc of yesterday's discussion of stops & emotions; would you like it or already have it
[08:42] {peterg} available to any who want short version
[08:42] {lisa_jay} Yes, thank you Peter.
[08:42] {peterg} email or dcc
[08:43] {lisa_jay} dcc please
[08:43] {peterg} k
[08:44] {magoo} morning
[08:45] {Threei} good morning tovarishch magoo
[08:46] {lisa_jay} Hi Magoo
[08:59] {magoo} tovarishch
[08:59] {magoo} huh?
[08:59] {Threei} russian for comrade :)
[09:00] {Threei} SBK CEO: WE ARE HALTING DIVIDEND PAYMENTS - CONF CALL
[09:00] {Threei} ABK
[09:04] {Threei} while we have half hour more, may I offer you some of my latest photos, some amazing fall colors and more of Alaska
[09:04] {Threei} http://www.flickr.com/photos/36948132@N00/
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {Onix} Good morning all
[09:07] {Threei} Onix :)
[09:08] {ese} morning as well....
[09:08] {Threei} ese :)
[09:08] {ese} hey vad
[09:08] {lisa_jay} Nice pictures Vad. Thanks for sharing
[09:08] {Threei} :)
[09:09] {ese} well......how do you all feel re the election yesterday.....?
[09:09] {Threei} I'll miss Joe the Plumber
[09:09] {lisa_jay} My 3 yr old says Omama won, why did Odada not win.
[09:10] {ese} thats funny lisa......and cute
[09:17] {dino} gm all
[09:17] {hawkfan4} good morning
[09:17] {lisa_jay} HI Dino
[09:17] {Threei} dino, hawk :)
[09:17] {tomg} gm all
[09:18] {Threei} tom :)
[09:19] {ese} dino
[09:20] {dino} :)
[09:20] {ese} tom
[09:20] {ese} hawk
[09:20] {tomg} hi ese :)
[09:20] {dino} as for the election, i'll survive
[09:21] {ese} whys that dino
[09:21] {Geo} he misses palin :)
[09:21] {dino} taxes are going to increase
[09:21] {Geo} yup
[09:22] {Geo} while I am not personally thrilled.... I do acknowldge that this is historic
[09:22] {dino} indeed
[09:22] {ese} very.....
[09:22] {Geo} any other country..... we would be counting the dead
[09:22] {Geo} except canada of course
[09:23] {ese} alternative.....Vad and I and patience have a very nice island you can all come and live on
[09:23] {patience} would be lovely for you to all come here
[09:24] {hawkfan4} what's the name of the island?
[09:24] {patience} this is going to be hard sell ese
[09:24] {Threei} Dr Moreau Island
[09:24] {hawkfan4} lol, was thinking Gilligan's
[09:24] {Threei} hehe
[09:24] {lisa_jay} :-)
[09:24] {Threei} Vancouver Island hawk
[09:24] {ese} Fantasy island....little small guy greets you at the airport.....
[09:25] {hawkfan4} ah, thanks. are the fall pics from the island?
[09:25] {_nicklam66} da plane
[09:25] {Threei} yes
[09:25] {hawkfan4} unbelieveable
[09:25] {Threei} morning nicklam
[09:26] {_nicklam66} goodmorning vad
[09:26] {brian3579} gm all
[09:26] {Threei} brian :)
[09:26] {ese} nick.....welcome aboard
[09:26] {ese} the pane that is.....
[09:26] {ese} plane....
[09:27] {dino} i was in vancouver 2 years ago, very nice
[09:27] {_nicklam66} thank u loveboat
[09:27] {ese} what were you doing in Vancouver dino
[09:27] {Threei} vancouver island is different from vancouver dino
[09:28] {dino} spent a day there before alaskan cruise
[09:28] {dino} itwo?
[09:28] {ese} vancouver has dptl........big difference there already
[09:28] {Threei} and laserdave
[09:29] {Threei} JDAS wants to renegotiate nerger agreement, dino
[09:29] {Geo} i loved vancouver and victoria
[09:29] {Geo} spent 10 days here about 4 yrs ago
[09:29] {ese} ahhhhh forgot about that.....
[09:29] {dino} ty
[09:32] {Threei} watching how UAUA handles this market drop
[09:33] {Threei} pretty much follows so far
[09:34] {Threei} worth a try with stop under .20 if NASDAQ jumps
[09:34] {Chaeron} Good morning all
[09:34] {Threei} chaeron :)
[09:35] {dino} drys sm l .00
[09:36] {lisa_jay} Got 10c on UAUA thanks Vad
[09:36] {Threei} good job lisa
[09:37] {Threei} good to see the idea of a trade becomes enough to find it on your own
[09:38] {dawg} out 1/2 uaua +26
[09:38] {Threei} beautiful
[09:38] {dawg} ty
[09:38] {Threei} Long Setup: FITB .36 if stays above .20
[09:38] {magoo} news rimm vad?
[09:38] {dino} out drus .40, +.40
[09:39] {Threei} nothing substantial magoo
[09:39] {dawg} out last 1/2 +56 UAUA
[09:40] {Threei} teleportation in progress
[09:40] {lisa_jay} Wow, dawg
[09:40] {dawg} ty
[09:41] {dino} lod's
[09:43] {dino} 9319
[09:43] {dino} gap area
[09:43] {Threei} if you took this UAUA pullback, stop is under .10
[09:44] {Threei} FITB no worky
[09:44] {Geo} out fitb
[09:44] {Threei} out UAUA .65
[09:44] {Threei} from .26
[09:45] {Threei} this thing is a gift that keeps giving
[09:47] {Threei} watching LLTC for bounce to short
[09:48] {magoo} RIMM short vad?
[09:48] {Threei} nah
[09:48] {Threei} hmm
[09:48] {Threei} no bounce whatsoever LLTC
[09:49] {Threei} Short Setup: LLTC 23 break if stays under 23.10
[09:51] {dino} mt sm l .90
[09:53] {dino} stop is lod
[09:56] {Threei} FITB fooled us
[09:57] {lisa_jay} Vad LLTC invalidated?
[09:57] {dawg} stopped LLTC -12
[09:57] {Threei} LLTC inlvalidated
[09:57] {Threei} did it ever trigger dawg?
[09:58] {Threei} I don't think it lost 23 after the call
[09:58] {dawg} OK got filled at 23.03
[09:58] {dawg} got to aggresive
[09:59] {Threei} DELL strong even though market isn't
[10:00] {Threei} 13.05 worth a try if market turns
[10:01] {Threei} FED RAISES INTEREST RATES ON RESERVE BALANCES FOR SECOND TIME
[10:01] {Threei} - Will pay higher interest on required and excess reserves, so interest payments will equal Fed Funds rate
[10:03] {Threei} DELL not reacting, off the screen
[10:06] {Threei} WSJ: GOOGLE WITHDRAWS FROM YHOO SEARCH DEAL
[10:06] {magoo} is that good or bad ?
[10:06] {Geo} yahoo has to be the worst date EVER
[10:06] {Threei} lol
[10:06] {Threei} YHOO goes up on that?
[10:07] {magoo} should not
[10:07] {dino} anything can happen
[10:08] {dino} out mt .30, +.40
[10:08] {dino} putzing around
[10:09] {Threei} GG
[10:09] {Threei} .45 long half lot
[10:09] {Threei} if stays above .20
[10:10] {magoo} missed dam
[10:10] {Chaeron} nice on MT dino
[10:10] {dino} thx
[10:10] {Geo} half out .67
[10:11] {dawg} in GG .44
[10:11] {Threei} stop under .30 this time
[10:14] {Threei} half out dawg
[10:14] {Threei} or scalp
[10:14] {tomg} wtg mt dino, ty
[10:14] {dawg} out 1/2
[10:14] {dino} itwo l .99
[10:14] {dino} stop .83
[10:14] {Threei} stop to under .35
[10:14] {dawg} target for last half Vad?
[10:14] {Threei} no target in terms of price
[10:14] {dawg} OK
[10:14] {Threei} rather, sharp spike to new highs
[10:15] {dino} aapl sm l .80
[10:15] {dawg} good
[10:15] {Threei} sharper
[10:15] {Threei} sharper
[10:15] {Threei} now!
[10:16] {magoo} sheesh
[10:16] {dawg} out in full thanks Vad great call
[10:16] {magoo} missed
[10:16] {Threei} welcome
[10:16] {Threei} on second chance too mags??
[10:16] {lisa_jay} Nice trade Dawg..Vad.
[10:16] {magoo} thought i was chasing
[10:16] {dawg} ty Lisa
[10:16] {Threei} it pulled back into original trigger
[10:17] {magoo} it was great call
[10:17] {Threei} juust hate that you haven't befitted
[10:17] {Threei} you know what else I hate?
[10:17] {Threei} FITB
[10:20] {Threei} I am going to try again, .95 if stays above .75
[10:20] {Threei} decide for yourself if you want it
[10:20] {dino} out aapl .20, +.40
[10:20] {lisa_jay} Which one Vad?
[10:20] {Threei} FITB
[10:20] {Threei} certainly prone to shakeouts
[10:20] {Chaeron} Pres Bush on TV congratulating Ob
[10:21] {Threei} btw, I thought McCain's consession speech was outstanding
[10:21] {Geo} y
[10:21] {magoo} hes a stand up guy
[10:21] {Threei} incredible grace in defeat
[10:22] {peterg} lost his grace on the stump, though
[10:22] {peterg} but great speech at the Biltmore
[10:22] {peterg} love that place
[10:23] {Chaeron} Bush doing good job too right now
[10:23] {dino} deep down, he's a decent guy
[10:23] {Chaeron} Pres bush?
[10:24] {Threei} tough call guy:
[10:24] {Threei} guys
[10:24] {Threei} Long Setup: QQQQ .56 if stays above .45
[10:24] {magoo} i like RIMM long..not in
[10:24] {magoo} vad thoughts
[10:25] {Threei} market is nervous and full of shakeouts but at some point it will determine what it wants to do
[10:25] {Threei} if market decides up, RIMM would be one of my first choices mags
[10:25] {magoo} in sync w/q call
[10:25] {Threei} up buck and half in red market - gotta respect that
[10:27] {lisa_jay} crude no's soon?
[10:27] {Threei} 8 minutes
[10:30] {Threei} Qs invalidated a bit
[10:30] {dino} magoo is crude always lisa
[10:30] {Threei} want some more consolidation
[10:30] {Threei} lol dino
[10:31] {magoo} chics dig me...lol
[10:31] {dino} itwo stopped -.17
[10:32] {Threei} OK... if Qs pull back closer to .50, will buy first strength
[10:33] {Threei} in .51
[10:33] {Threei} stop under .40
[10:34] {dawg} in .50
[10:35] {peterg} .52
[10:35] {Threei} DOE CRUDE: +54K V +1ME;
[10:35] {Threei} GASOLINE:+1.1M V -1.2ME; DISTILLATES: +1.2 V +1.7ME; UTILIZATION: 85.3% V 85.5%E
[10:36] {Threei} oh horror
[10:36] {Threei} we have no oil
[10:37] {Threei} maybe enough of shakeouts for today, market?
[10:39] {dino} v sm l .30
[10:39] {dino} stop .97
06[10:39] * Threei kicks QQQQ in the rear with steel-toed heavy duty army boots
[10:39] {Geo} vad how do you remove EdgeA?
[10:40] {Threei} right click Level 2
[10:40] {Threei} Hidden MM
[10:40] {Threei} and manage from there
[10:40] {Geo} ty
[10:42] {Threei} wierdly jerky market
[10:42] {dino} kndl
[10:42] {dino} ceph
[10:43] {amarg} is there a trade in gg at this time?
[10:44] {magoo} there is
[10:44] {Chaeron} 3 Russian nuclear regiments that were to stand down, now to be stationed east of Poland, fully operational. Fox News
[10:45] {Threei} maybe 23 break if holding above 22.80 amar... not very clean setup though
[10:46] {dino} so they are standing up chaer
[10:47] {Threei} they are eager to participate in CEDC product tasting
[10:47] {dino} ahhh, a hostile takeover perhaps
[10:47] {Chaeron} :)
[10:48] {Threei} guys, decide if you want to hold Qs or scratch it
[10:48] {Threei} market is very jerky and directionaless
[10:48] {Chaeron} was just going to ask you to kick again
[10:48] {Geo} scratched...... have a great day guys
[10:48] {Geo} off to work
[10:48] {Chaeron} bye geo
[10:48] {magoo} GEOOOOOOOOOO wait
06[10:48] * magoo slaps Geo around a bit with a large trout
[10:49] {Threei} I heard they breeded new kind... clalls Good-bye trour
[10:49] {Threei} trout
[10:49] {dino} cya goe
[10:49] {dino} geo
[10:49] {dino} ego
[10:50] {lisa_jay} Vad, does the steel toed boots come with the course...you should patent them.
[10:50] {Threei} no lisa, sorry
[10:50] {Threei} this is secret weapon that give me my edge
[10:51] {lisa_jay} That is some edge to have.
[10:51] {Threei} I share it though for a small administrative fee of $3.99 and rental fee of $999,999.95
[10:52] {lisa_jay} Will send check right now for that. It sure is worth it.
[10:52] {Threei} don't forget to enclose your shoe size
[10:52] {lisa_jay} :-)
[10:53] {dino} not the edge dino mentioned yesterday, but whatever works
[10:54] {Chaeron} Threei, thanks for scratch alert... saved me .16...
[10:55] {Threei} yeah, it looks so far like better play is for small scalps within these jumps up and down
[10:55] {Threei} much tighter stops
[10:55] {Threei} and better odds
[10:56] {dawg} stopped Q's
[10:56] {dino} kndl s sm .56
[10:57] {Threei} (RU) RUSSIA SAYS WILL NOT SWITCH TO ENERGY SALES IN RUBLES IN THE NEAR TERM
[10:57] {Threei} {USD/RUB }
[10:57] {Threei} NQ is locked with 10 pointa
[10:57] {Threei} when was the last time we had it this narrow?
[10:57] {Threei} 2007?
[11:00] {magoo} 06
[11:01] {lisa_jay} Dino, quick dcc please if you have time.
[11:01] {dino} ok
[11:12] {Threei} something is brewing in the market
[11:13] {dino} kndl stopped -.45
[11:13] {Threei} this prolonger period of tight lock is bound to resolve in violent move
[11:14] {magoo} and feels like upo
[11:14] {lisa_jay} Flag forming on daily?
[11:15] {Threei} kind of, yes
[11:15] {dino} axp l .55
[11:15] {Threei} FITB did sizeable pullback
[11:16] {Threei} wasn't really clear near 12
[11:16] {Threei} but watching now to see if it forms new setup
[11:16] {laserdave1} hawk dcc when u get a sec
[11:17] {Threei} also, don't forget: when you are totally bored and have no idea what to do, one of the features of the room is emotional relief by slapping laserdave with big slime trout
[11:18] {Threei} service proudly provided by RealityTrader
[11:18] {Threei} so far FITB shapes up as .23 long if stays above .15
[11:20] {dino} i still wonder is laserdave is real or not
[11:21] {Threei} last time we met he bought me a dinner
[11:21] {Threei} so asfar as my stomach concerned, he is
[11:23] {dino} kndl s .05 sm last try
[11:23] {dino} axp stopped -.13
[11:24] {dino} ceph sm l .30, stop .93
[11:27] {Threei} FITB is holding admirably so far
[11:28] {Threei} The Kremlin gave Barack Obama a glacial welcome to the world stage when Dmitry Medvedev, the Russian president, ordered the deployment of nuclear-capable missiles on Nato's borders for the first time since the Cold War.
[11:30] {magoo} boy my up feel was wrong
[11:41] {Threei} most likely bounce time
[11:41] {Threei} Long Setup: ADBE .25 if stays above .15
[11:44] {magoo} in .23 aggress
[11:45] {dawg} in adbe .25
[11:45] {Threei} sheesh
[11:45] {Threei} stopped
[11:45] {dawg} stopped adbe
[11:47] {dino} wants -300 imo
[11:49] {Threei} that was rude
[11:49] {dino} kndl bstop to b/e
[11:49] {dawg} it had fleas
[11:50] {magoo} relentless selling
[11:51] {dino} kndl to .85, won't fall
[11:51] {Threei} yet no clean short setups that I see
[11:53] {dino} grrr slipped cov kndl .92, +.13
[11:59] {dino} v sm l .50 last try
[11:59] {dawg} in adbe
[12:00] {dawg} out adbe 1/2 .31
[12:07] {Threei} in UAUA .54
[12:07] {Threei} stop under .40
[12:08] {Threei} if this one doesn't work I go to monastery for the next hour
[12:09] {dawg} in UAUA .47
[12:10] {magoo} im gonna revoke your trading room licennce
[12:10] {Threei} oh good
[12:10] {Threei} retirement, here I come
[12:10] {_maga} in UAUA .47
[12:10] {Threei} market more weakness
[12:10] {Threei} sigh
[12:12] {dawg} UAUA stop under .35 Vad?
[12:12] {Threei} with your entry, that's where I'd keep it yes
[12:12] {dawg} ty
[12:14] {Threei} gave 1:1
[12:14] {Threei} and market weakened again
[12:15] {_maga} you have sold then vad?
[12:15] {_maga} then=them
[12:15] {Threei} not with my entry
[12:16] {Threei} with .47, I would at least partial
[12:16] {_maga} ok
[12:16] {dawg} out 1/4
[12:18] {_maga} out full lot at .54 ....
[12:18] {_maga} I have too high commission to exit in more steps
[12:19] {Threei} nor per share?
[12:19] {_maga} a fixed fee of 20$ per trade
[12:20] {Threei} WOW!!
[12:20] {Geo} wow
[12:20] {Threei} I thought this bs went the way of dodo long ago
[12:20] {Geo} they come home and take order? :)
[12:20] {Threei} we paid this commissions in 1998
[12:21] {_maga} I'm trading for test from my account I have in Italy... and these are the fees for the US markets....
[12:21] {Threei} broker would have to cook my breakfast, make my bed and a lot of other things for this price
[12:21] {_maga} ah ah would be not too bad
[12:21] {Chaeron} maga - go here if you'd like: www.gndt.com
[12:22] {Chaeron} ooops... wrong site... sorry... let me look
[12:22] {_maga} I have a little account is US also... (Ameritrade) but they ask 10$ the same...
[12:22] {Threei} they don't open foreign accounts
[12:22] {_maga} the chareon
[12:22] {Threei} http://www.realitytrader.com/laser.html
[12:23] {Chaeron} yeah... that one... lol
[12:23] {Threei} same software
[12:23] {amarg} if your friend is in italy, you may decide on http://www.interactivebrokers.com/ibg/main.php
[12:23] {amarg} really reduces the cost of currency conversion
[12:26] {dino} ceph stopped -.40
[12:27] {Threei} thing that threw off my read:
[12:27] {Threei} I thought Obama's election would send the market down,
[12:27] {Threei} but last few days election result was all but certain
[12:27] {Threei} yet market mostly climbed
[12:28] {Threei} low volume on that climb wasn't very indicative, as it could easily be attributed to uncertainty
[12:28] {lisa_jay} uaua Vad, band so narrow.
[12:28] {Threei} so I decided I misread the market intention
[12:28] {dino} markets afraid of obama/dems control
[12:28] {Threei} and backed off the idea of shorting on election result.
[12:29] {Threei} that was what I thought
[12:29] {dino} it was closer than electorial said, 48% mccain, 52% obama
[12:30] {magoo} u do not think short enough vad..i tell u this all the time
[12:30] {dino} new regulations and higher taxes coming
[12:30] {magoo} i saw rimm short..u said no
[12:30] {magoo} look at it
[12:30] {magoo} look at goog bidu fdslr
[12:31] {magoo} 100 shares each
[12:31] {magoo} fortune
[12:31] {magoo} no i didn;t
[12:31] {magoo} but coming in i was thinking that
[12:31] {Threei} [09:48] {magoo} RIMM short vad?
[12:31] {Threei} [09:48] {Threei} nah
[12:31] {Threei} look what RIMM did after this exchange
[12:32] {Threei} I answer with the read of the moment
[12:32] {Threei} if you want me to give you read for the rest of the day, you better find oracle
[12:32] {magoo} nah
[12:33] {Threei} why am I talking to you at all, I am in monastery for an hour
[12:33] {magoo} because i followed u there to keep heckling u
[12:34] {Threei} sigh... no rest for wicked
[12:34] {dawg} stopped Q's
[12:36] {Onix} Hi guys & girls, I'm home with some bad gout ... does not look as if anything is happening in the market hey?
[12:37] {Threei} anything good at any rate
[12:37] {Threei} this starts looking like crash coming
[12:37] {Onix} too many up days of late
[12:38] {dino} theres my -300
[12:38] {Threei} and no asigns of stopping
[12:39] {Onix} I thought Obama's victory would be good for the market?
[12:39] {Threei} how?
[12:39] {dino} why? higher dividend taxes, higher cap. gains, higher income, more regulations
[12:39] {Onix} but I suppose there is not much hope for the market in this economic climate
[12:40] {dino} gap filled
[12:40] {dino} carter years he's going back too w/taxes
[12:40] {Threei} onix... policies he used for campaign are eerily the same that turned recession of 1929 into great depression of 30s
[12:41] {dino} and the 70s into inflation high, no growth
[12:41] {Onix} did not know that
[12:41] {dino} tax and spend and more regulations
[12:41] {dino} at least clinton understood tax policy
[12:41] {dino} this guy is rob the rich
[12:42] {Onix} but the trickle-down effect did not happen, so building from the bottom up may work better?
[12:43] {Onix} may just be a long & difficult road I suppose
[12:43] {Threei} how do you build from bottom up by taking from one who earns more and giving to one who doesn't?
[12:43] {dino} trickle down did happen, regan lowered cap gains, income taxes, etc. economy boomed for almost 25 years, other bush and clinton left it alone
[12:44] {Threei} exactly
[12:44] {Threei} redistribution down kills motivation
[12:44] {dino} exactly, if i have to pay out 48%, why bother
[12:45] {Threei} ask Soviet Union how it worked out
[12:45] {dino} and god forbid you make the welfare guys do any type of work
[12:45] {Onix} now you guys are going way too deep for me!
[12:45] {dino} thats too mean
[12:45] {magoo} i guess its working for china
[12:45] {magoo} we owe them trillions, not vice versa
[12:46] {Chaeron} funny you should mention that Vad... did anyone else see the hammer and sickle flag outside the White house last night when the camera panned on the crowds cheering for Obama? Or the guys wearing it on t shirts?
[12:46] {Threei} you serious?
[12:46] {Chaeron} yes
[12:46] {dino} oh mannnnnnnnnnnn
[12:46] {Chaeron} I couldn't make up stuff like that
[12:46] {Chaeron} it's shown on fox still
[12:47] {dino} class warfare election, imo
[12:47] {Threei} well, I am optimist by nature
[12:47] {Threei} my hope is two fold
[12:47] {dino} wait until january 20th when he takes over, imo markets are going to drop
[12:47] {Threei} 1. taking actual power, he finds out such plans are harmful or impossible to implement
[12:48] {Threei} or
[12:48] {patience} i'm with dino
[12:48] {Threei} 2. He does implement them, harm becomes obvious quickly and next election corrects things
[12:48] {magoo} well, seasonality tradationally ids nov thru january..not such an insightful call
[12:48] {dino} 4 long years
[12:48] {Chaeron} in 2010
[12:48] {Chaeron} congressional
[12:48] {Chaeron} like 1994
[12:49] {dino} they cried that rates were too high for 30 year mortgages at 6.6%, wait until they go to 12%
[12:49] {dino} chaer, you may be right, take back congress
[12:49] {magoo} stop dino..stop
[12:49] {Threei} if Volker is engaged... that's quite real
[12:50] {Threei} that was his recipe... sky high rates
[12:50] {dino} run forest, run
[12:52] {Onix} Wall Street blew it with the housing and oil bubbles and then Paulson even went and bailed them all out with billions of more debt
[12:52] {Onix} how Obama is going to fix this, I got no idea at all
[12:53] {Threei} scary thing is, neither is he probably
[12:53] {dino} markets must fix themselves, they have already prolonged the motgage crisis by not letting them fail, in the end they will fail
[12:53] {Onix} are there no real clever people left in the USA?
[12:53] {Threei} there are
[12:53] {Chaeron} well, if threei would move here.....
[12:53] {Threei} but they do not beling to decision-making circles
[12:53] {dino} yes there are, but we don't work for govt
[12:54] {Onix} why do all the less-enlightened always end up in government?
[12:54] {Threei} who else would want this job
[12:54] {Onix} lol
[12:55] {dino} as my attorney friend says, "when an attorney can't make, naturally they go into politics"
[12:55] {Onix} true
[12:55] {dino} attorneys run govt, they are not business minded
[12:55] {dino} they are wealth destroyers
[12:56] {magoo} i thought this was a trading room??
[12:56] {Onix} so, we may soon test he recent lows in the market?
[12:56] {magoo} u guys are wearing me out
[12:56] {magoo} hes in...tough luck yes...but we stuck with him
[12:59] {Threei} this selling today looks like slow planned liquidation
[13:00] {Threei} I wish we saw more volume so we could confidently switch to shorting
[13:01] {dino} too late to short at moment
[13:01] {dino} we go up 100+/- now
[13:01] {Onix} Smart Money re-adjusting their porfolios before getting in again?
[13:02] {Threei} if that's the case, then getting in again only after hard crash
[13:06] {Onix} the bulls & the bears watching each other closely!
[13:11] {Threei} if market is in the mood for some, even modest recovery, then LVS is long scalpwith 12 trigger
[13:11] {Threei} GM
[13:11] {Threei} WILL REPORTEDLY ANNOUNCE MAJOR ADJUSTMENTS ON FRIDAY - DETROIT NEWS
[13:11] {Threei} uh oh
[13:12] {magoo} laser dcc
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
[13:12] {magoo} laser DCC
[13:13] {Threei} half out LVS .15
[13:16] {Threei} out balance
[13:17] {Threei} anyone took it?
[13:17] {Onix} missed that one
[13:17] {lisa_jay} Took it on pullback - .08
[13:19] {dino} ok theres 50
[13:20] {Threei} EIA: OPEC MAY CUT OUTPUT BY 1.1M BPD BY JANUARY 2009
[13:23] {Threei} oil drops
[13:23] {Threei} they can cut all they want
[13:23] {Threei} if economy comes to screeching halt, oil won't recover
[13:23] {Threei} UAUA inverted C&H
[13:24] {Threei} who has it short, .20 breakdown
[13:24] {lisa_jay} where would stop be Vad for UAUA?
[13:25] {Threei} top of this bounce will show
[13:25] {Threei} so far .30
[13:26] {Onix} not shortable for us hey?
[13:26] {Threei} no
[13:34] {Threei} 1;1
[13:34] {lisa_jay} uaua 1:1
[13:36] {Threei} 1:2 almost
[13:36] {Threei} 1:2 without almost
[13:36] {Threei} covered lisa?
[13:37] {Threei} quite sharp drop, I'd be out
[13:37] {lisa_jay} Embarresed to say - I missed the trade...had my hand on button, but teleported as usual.
[13:37] {Threei} awww
[13:37] {Threei} anyone got it?
[13:38] {lisa_jay} I now know what to do when the bid is being chewed through...click sell short!
[13:43] {dino} :)
[13:43] {dino} c'mon v blast off
[13:53] {laserdave1} magoo
[13:53] {laserdave1} dcc
[13:53] {Onix} Ever heard about the sign above the funeral home?
[13:54] {Onix} We are the last to let you down
[13:54] {Threei} lol
[13:58] {Threei} Short Setup: ADBE .65 if stays under .75
[14:00] {dino} yhoo sm l .06
[14:00] {Onix} 'in s @ .65
[14:02] {dino} rumors buyout msft of yhoo, announcement after 2
[14:02] {Threei} SPOKESPERSON CONFIRMS THERE IS NO TRUTH TO RUMOR OF MSFT/YHOO DEAL OR RUMOR THAT CEO YANG WILL STEP DOWN
[14:02] {Onix} not again!?
[14:02] {Threei} half hour ago
[14:02] {dino} sm, so will see
[14:02] {Threei} this saga will never end
[14:03] {dino} yang rumored leaving
[14:03] {dino} opk, i see above
[14:04] {Threei} linux will overtake the world and Google will elimnate all other search eangines... and somewhere in the background $2 MSFT will still negotiate the buyout of $.50 YHOO
[14:04] {lisa_jay} Thanks Vad, got .10 ADBE
[14:04] {Threei} ADBE 1:1
[14:05] {Threei} welcome lisa
[14:06] {Chaeron} in ADBE ss .64. out .50 +0.14 thanks Vadster
[14:06] {Threei} sure thing chaeronesku
[14:06] {Chaeron} :)
[14:07] {peterg} got my +.11, thks vaddo
[14:07] {Threei} :)
[14:08] {Threei} switch to shorting did it... hesistant to be too active or hold too long, since we already went fairly extended way down
[14:08] {Threei} but still... trend is a trend is a trend
[14:08] {dino} -4%
[14:08] {Threei} 1:2, out in full
[14:10] {Threei} today was to be traded very much like we traded first couple weeks of October
[14:11] {Threei} switch of paradigm is hard to do on the fly in a matter of hours
[14:12] {Geo} hi just came in... we in anything?
[14:12] {Geo} (except deep doodoo)
[14:12] {peterg} stitches
[14:13] {dino} ci l .39
[14:16] {Threei} just covered ADBE Geo
[14:16] {Geo} sniff
[14:18] {Threei} US TREASURY: CANNOT YET ASSESS TARP EQUITY PURCHASES, ENCOURAGED BY RECENT BANK CONFIDENCE AND MARKET MOVEMENTS, EVALUATING FURTHER BOOSTS TO MARKETS AND HOME OWNERSHIP - TREASURY STATUS REPORT TO CONGRESS
[14:19] {Threei} Long Setup: MS 18 break
[14:19] {Threei} scalp only most likely
[14:19] {Threei} if stays above .90
[14:20] {Threei} invalidated
[14:21] {lisa_jay} Back to lunch.
[14:21] {Onix} out ADBE .43 ty Vad
[14:21] {Threei} :)
[14:22] {dino} spwra and b ouch
[14:26] {dino} v stop to .90
[14:26] {dino} out v .06, +.56
[14:26] {Onix} gj!
[14:27] {dino} too soon
[14:27] {dino} way soon
[14:27] {dino} ty onix
[14:28] {Threei} Short Setup: MS .75 if stays under .90
[14:28] {Threei} sorry, under .80
[14:30] {dino} ralllllly
[14:31] {lisa_jay} still on MS Vad?
[14:32] {Threei} discretionary
[14:32] {Threei} violated setup by just 2 cents
[14:32] {dino} yhoo stop to b/e
[14:32] {Threei} so, depends on personal risk tolerance
[14:34] {dino} yhoo to .27
[14:34] {dino} ci stop to .59
[14:34] {dino} lisa dcc me
[14:36] {lisa_jay} Ok.
[14:37] {dino} out ci .69, +.30
[14:40] {Onix} wtg
[14:40] {dino} ty
[14:42] {Threei} HMA
[14:42] {Threei} TICKS HIGHER AS FUND MANAGER ALTUCHER MENTIONS HMA AS A PLAY ON AN OBAMA ADMINISTRATION - CNBC
[14:43] {Chaeron} MS still valid? Just got back... didn't see .80
[14:43] {Threei} it went over .90
[14:43] {Threei} you have charts?? :)
[14:43] {Geo} prickly
06[14:43] * Geo thinks that in a polite way of course
[14:44] {lisa_jay} Sorry, my fault..I asked the question earlier.
06[14:44] * Threei pretends he believes in Geo's politeness
[14:44] {Chaeron} Don't yell at me... I was in a hurry and looked at charts, but didn't see that you posted before it went up, not sliding down... -.02...
[14:45] {Chaeron} I am so fragile today... *sob*
[14:45] {Threei} not sure I understand why I am forbidden from yelling at you
06[14:45] * dino slaps lisa_jay around a bit with a large trout
06[14:45] * dino slaps Chaeron around a bit with a large trout
[14:45] {Chaeron} BECAUSE I'm FRAGILE, GET IT????????
[14:45] {dino} fragile
[14:45] {Chaeron} hehehe
[14:45] {Threei} oh...
[14:45] {Threei} now I got it
[14:46] {dino} lisa hit wrong name
[14:46] {Threei} so, let's see just how fragile you really are
06[14:46] * Threei slaps Chaeron around a bit with a large trout
06[14:46] * Chaeron slaps magoo around a bit with a large trout
[14:46] {Threei} not so fragile, eh?
[14:46] {lisa_jay} Hey...
[14:46] {lisa_jay} Late reflex.
[14:51] {dino} out yhoo .40, +.34
[14:51] {Threei} wtg
[14:51] {lisa_jay} wow
[14:51] {dino} watching v, ci again, fwiw
[14:53] {Threei} US REP FRANK: IF BANKS DO NOT LEND FROM RESCUE PACKAGE, THERE WOULD BE NO HARM IN CUTTING OFF FUNDING
[14:53] {Geo} what if the money is all used up in bonuses?
[14:53] {Threei} really
[14:53] {Threei} what are poor banks to do
[14:54] {Threei} we want to lend but we have nothing - we couldn't cut off bonuses, could we
[14:54] {Geo} my daddy said "pay yourself first"
[14:54] {Geo} lol
[14:54] {dino} now that barney's in charge, this is what i worry about
06[14:56] * Chaeron not worrying... doing is more effective :)
[14:56] {lisa_jay} Vad, took LVS .26
[14:56] {Threei} but fragile types must worry chaeron
[14:56] {Threei} that's the rule
06[14:57] * Geo is tired of the partisan bickering
[14:57] {Chaeron} yep... that's me...
[14:57] {Geo} in this room hehehehehehe
06[14:57] * Chaeron slaps Geo around a bit with a large trout
06[14:57] * Geo slaps Threei around a bit with a large trout
[14:57] {Threei} why .26 lisa?
[14:57] {Threei} kind of in the middle of nowhere
[14:57] {lisa_jay} Oh, sorry made .26 on LVS...sigh
[14:57] {Chaeron} see how fragile I am? here... have another:
06[14:58] * Chaeron slaps Geo around a bit with a large trout
[14:58] {Threei} oh
[14:58] {Threei} whew
[14:58] {Threei} scared me :)
[14:58] {Geo} thank you
06[14:58] * Chaeron slaps Threei around a bit with a large trout
[14:58] {Chaeron} that's for flinching
[14:58] {Threei} what the... I am talking to lisa about trading
[14:58] {Chaeron} lol
[14:58] {Threei} and getting slapped relentlessly meanwhile
[14:58] {lisa_jay} sigh.
[14:58] {Geo} chaeron is emotional today
[14:58] {Threei} fragile too
[14:59] {Geo} his trout must hate him
[14:59] {lisa_jay} Never mind me. Get back to your WWF
[14:59] {Chaeron} LVS loking for bounce...
[14:59] {Onix} dino, where it that rally? i am getting dizzy with this up&down all thetime
[15:01] {Threei} if .08 gets cleaned, chaeron...
[15:02] {Chaeron} nope
[15:02] {dino} lol onix, we had 50 pts, then fell, so, to make a long story short...i was wrong
[15:02] {Onix} but i wanted you to be right!
[15:02] {dino} that makes 5x's today, 4 trades and my rally
[15:03] {Threei} if anyone believed that HMA story, it's almost back to support levels
[15:03] {Geo} except dino
[15:03] {Geo} anyone positie today?
[15:03] {Geo} positive too
[15:03] {Threei} barely
[15:03] {dino} yes 534
[15:03] {Geo} 12:03] {Geo} except dino
[15:03] {lisa_jay} Yes.
[15:03] {dino} off my highs
[15:04] {dino} sorry
[15:04] {_maga} yes, even if few cents
[15:04] {Geo} :)
[15:04] {lisa_jay} But I trade 100 shares only so you guys would call it barely.
[15:04] {Geo} me neg and am starting to hate obama
[15:04] {Geo} lol
[15:04] {Threei} would be much better if UAUA was available for short
06[15:04] * Geo is fickle
[15:04] {Onix} $165 for me trading 200's
06[15:04] * Chaeron slaps laserdave1 around a bit with a large trout
[15:05] {Chaeron} want UAUA shortable
[15:05] {Geo} nice onix
[15:05] {Onix} ty
[15:05] {dino} gj onix and maga
[15:05] {lisa_jay} Wow Onix.
[15:05] {dino} and remember, the days not over yet
[15:05] {Onix} yes, i can still loose it all
[15:05] {lisa_jay} :-)
[15:06] {Onix} :)
06[15:06] * Geo is going on welfare
[15:06] {dino} spwrb v sm l .75
[15:06] {Geo} its a good time
[15:07] {dino} need some uso/oih help
[15:08] {dino} not getting it, carefu'no good stopped -.45
[15:22] {Threei} starts looking like we have a good chance for good old end of day selloff
06[15:23] * Geo gets his shorting shorts on
[15:23] {lisa_jay} yes.
[15:23] {Threei} QID
[15:23] {Onix} a feeling of panic creeping in
[15:23] {lisa_jay} Sorry Yes to Vad's comment, not to your shorts Geo.
[15:25] {Threei} likely to go to 6650 or so
[15:25] {Threei} 66.50
[15:25] {Threei} .50 break if stays above .30
[15:25] {Threei} half lot, volatile
[15:26] {Threei} DOW CEO: GLOBAL ECONOMY BECOMING WORSE, US WILL BE IN RECESSION FOR 1H09 - CNBC INTERVIEW
[15:26] {dino} fwlt, going for gap fill from monday
[15:32] {Threei} over 1:1 for scalpers
[15:32] {Threei} kind of hard to imagine this day to end with any kind of rally eh?
[15:32] {Threei} 66 hit
[15:33] {Threei} 1:2.5
[15:33] {Threei} half out for me
[15:33] {lisa_jay} Great trade Vad.
[15:33] {Threei} aiming for 66.50 with second half
[15:35] {Threei} stop about 1o cents under entry now
[15:35] {Threei} 10
[15:35] {dino} ci l .17 stop .99
[15:36] {Threei} stop to .60
[15:36] {Threei} come on NQ, one more sharp leg down
[15:36] {Threei} you know you want to
[15:38] {dino} ceph sm l trig .75 imo
[15:38] {dino} wait for trig
[15:38] {Threei} am I too greedy?
[15:39] {Threei} answer: yes, and proud of it
[15:39] {Threei} out
[15:39] {Threei} .45
[15:39] {Threei} +.95
[15:39] {Threei} .03, sorry
[15:39] {Threei} grrr
[15:39] {Threei} .93
[15:39] {Onix} wtg
[15:39] {Geo} in .51 all out ..47
[15:39] {Threei} anyone followed?
[15:39] {Threei} beauty
[15:39] {dino} ci stopped -.16
[15:40] {Threei} 20 cents risk for dollar gain
[15:40] {Geo} on 600 shares so yes positive TY lord vader
[15:40] {_maga} great tarde
[15:40] {Threei} :)
[15:40] {_maga} trade
[15:40] {dino} gj guys
[15:40] {lisa_jay} Great job Geo.
[15:40] {Geo} :)
[15:41] {dino} triggered
[15:41] {dino} stop is .48
06[15:41] * Geo is a good lord vader follower
06[15:42] * Threei will work on changing his appearance for tomorrow
[15:42] {dino} hate to say it but -600 coming
[15:44] {Threei} noticed the very familiar character of this trade guys?
[15:44] {Threei} totally 1 month ago kind
[15:45] {dino} yes
[15:45] {Threei} comment from earlier:
[15:45] {Threei} [14:10] {Threei} today was to be traded very much like we traded first couple weeks of October
[15:45] {Threei} [14:11] {Threei} switch of paradigm is hard to do on the fly in a matter of hours
[15:46] {Threei} seeing this all too familiar pattern, started recalling how we did it back then and looking for confirmation of those patterns
[15:46] {Threei} and that's how trades become in tune with market again
[15:46] {dino} ci l .09
[15:47] {Threei} ok Geo... I found hoodie, dark sunglasses and some spy makeup
[15:47] {Geo} ummmm
[15:48] {Threei} tomorrow it won't be that easy for you to follow me
[15:48] {Geo} that sounds like sith lord
[15:48] {Threei} I will also practice tonight ducking in dark alleys
[15:48] {Threei} hiding behind the trees
[15:48] {Geo} now thats a pic
[15:48] {Geo} vad trying to hide behind a tree
[15:48] {Threei} ummm
[15:49] {Threei} if you are trying to hint I am too fat for that
[15:49] {Geo} no no
[15:49] {Threei} that's very impolite
[15:49] {Geo} (yes yes)
[15:49] {Threei} be thankful I can't do to you what I'd like to, considering how fragile chaeron today is
[15:49] {Geo} true true
06[15:49] * Geo slaps dino around a bit with a large trout
[15:49] {Threei} I am afraid to traumatize him
[15:49] {Geo} oops
06[15:49] * Geo slaps Chaeron around a bit with a large trout
[15:50] {Geo} damn trout
[15:50] {dino} ceph stopped -.27
[15:50] {Threei} what the
[15:50] {Threei} where did this drop CEPH come from
[15:51] {dino} rinse-job
[15:51] {Threei} that was very rude
[15:51] {dino} look now
[15:51] {Threei} yeah, that's what I mean
[15:51] {dino} that should not have happened, sorry
[15:51] {dino} watching it all day
[15:51] {Threei} rude to the degree that can scar fragile chaeron for life
[15:52] {Geo} i think chaeron has hit the vodka
[15:52] {dino} thing just bounced 80 cents
[15:52] {Threei} that's what we fragile types do
06[15:52] * Threei pours 6th 200ml glass
[15:52] {Geo} i buy skyy as i like blu colored bottles
[15:52] {Threei} try Iceberg
[15:52] {Geo} ok
[15:52] {Threei} blue bottle too but much higher quality
[15:53] {Geo} hmmm canadaian
[15:53] {Geo} will have to hunt here
[15:53] {Threei} this last selloff was more or less readable, but I really didn't want to geopardize this day by trading on last minutes
[15:53] {dino} shoot forgot v order, l .80
[15:53] {Threei} geopardize is jeopardize with nod to Geo
[15:54] {Geo} thank you
[15:54] {Threei} welcome
[15:54] {Geo} geo paradise
[15:54] {Threei} jeopardizing geo paradise
[15:54] {Threei} poetry that will make peter cringe
06[15:55] * Threei is very proud of his linguistic abilities even though he realizes he is the only one thinking they are any good
[15:55] {Geo} so..... do new guys/girls introduce themselves?
[15:55] {Threei} kidding?
[15:55] {Geo} Hi I am geo and stocks love me
[15:56] {Threei} they feel like they are in a ental asylum
[15:56] {Geo} oh
[15:56] {Threei} mental
[15:56] {Threei} and really, looking at out dialogues, can you blame them?
[15:56] {Geo} the room has been empty since magoo took to goog and bidu
[15:57] {Threei} empty?
[15:57] {Threei} what am I, chopped liver?
[15:57] {Geo} from his comments
[15:57] {Geo} lol
[15:58] {Threei} even some of oldtimers try to avoid any communication with us... and you want new guys to keep such dubious company?
[15:58] {peterg} ditto; more emo probs, wtd to break chair but didnt
[15:58] {peterg} never mind
[15:58] {Threei} we won't
[15:59] {dino} out ci flat
[15:59] {Threei} sorry about that undeserved CEPH slap dino
[15:59] {Threei} that was uncalled for
[15:59] {Threei} hate when this happens
[15:59] {dino} me too
[16:00] {Threei} OK guys, thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you all tomorrow
[16:00] {dino} holding v over/afterhours
[16:00] {peterg} thks, gnite have fun and not too much bodka
[16:00] {Geo} thanks
[16:01] {dino} will watch ceph tomorrow
[16:03] {lisa_jay} Thanks Vad, Dino.
