A few nice trades, a few stops. Profitable but most importantly, safe. I'll quote what I feel about this market:
[13:31] {Threei} for a few days now market has this frozen look... drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened. He bravely walked on a brink of chasm while drunk, then sobered up and saw where he was. When he sobers up and sees where he is and gets scared,
he is being torn between two conflicting impulses: one is to back away from the abyss, another is to close his eyes and step right in.
Abyss acts like magnet now... market can resist its pull no more than rabbit can resist snake.
Session Time: Wed Nov 12 00:00:00 2008
[08:47] {magoo} morning...no replay here
[08:47] {Threei} morning
[08:47] {Threei} nothing to rplay... we are in coma
[08:47] {lisa_jay} Hi Vad, Magoo
[08:48] {Threei} lisa :)
[08:53] {magoo} vad, any news FSLR or solars in general?
[08:53] {Geo} gm all
[08:54] {lisa_jay} Hi Geo.
[08:54] {Threei} Geo :)
[08:54] {Threei} JASO reported mags
[08:54] {lisa_jay} Is your computer back up?
[08:54] {Geo} yes :)
[08:54] {Threei} 11/12/08 06:30am
[08:54] {Threei} [JASO] JA Solar Holdings Reports Q3 $0.26 v $0.28e (ex items), R $312.3M v $307.4Me
[08:54] {Threei} - Guides Q4 EPS "about break even" v $0.30e; Rev $191.5-220.9M v 379.7Me
[08:54] {Threei} - Guides Q4 Gross Margin 5-7%
[08:54] {Threei} - Guides FY09 EPS $1.00 v $1.27e; Rev $1.5-1.7B v $1.77Be ($2.0B-$2.2B prior guidance)
[08:54] {Threei} - Guides FY09 Gross Margin at least 16%
[08:54] {Threei} - Guides FY09 annual output expected at 800MW
[08:54] {Threei} - Guides FY09 production capacity to exceed 1GW
[08:54] {Threei} - Q3 Megawatts produced 44.66MW v 102.9MW y/y
[08:54] {Threei} - Q3 Megawatss shipped 43.8MW v 99.1MW y/y
[08:54] {Threei} - Q3 Gross Margin 21.6% v 23.3% y/y
[08:55] {Threei} Russian markets are closed
[08:56] {Threei} I guess they spent more time being closed than open last couple months
[09:10] {Onix} Good morning al
[09:10] {Threei} Onix :)
[09:17] {_maga} morning all
[09:17] {Threei} maga :)
[09:17] {hawkfan4} good morning
[09:18] {Threei} hawk :)
[09:18] {hawkfan4} another morning of rainbows and sunshine in the market i see
[09:19] {Threei} total love-in
[09:19] {muddleheaded} Hi everybody.
[09:20] {Threei} hi muddle
[09:20] {dptl} good morning all
[09:20] {Threei} we need to come up with some version of shortened nick for ya... :)
[09:20] {Threei} dp :)
[09:20] {Threei} see, we shorten even 4-letter nicks
[09:20] {dptl} :)
[09:21] {muddleheaded} mudd is ok :)
[09:21] {Threei} thank you :)
[09:25] {dino} gm all
[09:25] {Threei} dino :)
[09:26] {dino} as in puddle of?
[09:28] {muddleheaded} mudd is short for muddleheaded, too much typing :)
[09:28] {Threei} intend to skip first minutes of trading
[09:28] {Threei} let's see how scared the market is
[09:32] {Onix} very scared it seems
[09:32] {Threei} so far, surely looks this way
[09:32] {lisa_jay} cnqr
[09:33] {lisa_jay} sorry, wrong screen.
[09:33] {dino} hate to say, next supprt8143 1/27
[09:33] {dino} 8,143 dji 10/27, typo
[09:34] {Threei} watching AMZN for short
[09:35] {Threei} close to 44 if gets there
[09:35] {Threei} keep small shares
[09:35] {magoo} watching amzn for long..exit near 44 lol
[09:35] {Threei} if you wanted long, 43.10 break was it
[09:36] {Threei} first weakness from here
[09:37] {Threei} in
[09:37] {Threei} .15
[09:37] {Threei} stop .30
[09:37] {magoo} 09
[09:37] {dawg} in
[09:38] {Threei} market drop
[09:38] {Threei} come on AMZN
[09:38] {Threei} with smaller shares didn't want to scalp
[09:38] {magoo} why is it stronger than naz
[09:38] {Threei} rather aiming for a bigger move
[09:39] {Threei} out
[09:39] {Threei} scalps still rule
[09:39] {dptl} stopped amzn
[09:39] {dawg} stopped
[09:39] {magoo} stopped
[09:39] {lisa_jay} did not take, had to reboot.
[09:42] {magoo} it really lagged the naz vad
[09:42] {Threei} still does
[09:43] {Geo} phew back in blac
[09:43] {KSystems} good morning
[09:43] {Geo} it went and bounced off yesterday's low
[09:43] {Geo} i shorted there.....
[09:43] {Threei} ks :)
[09:44] {Threei} Long Setup: DISH .71 if stays above .60
[09:45] {magoo} GS AAPL still falling...mkt tells
[09:46] {magoo} l aapl here .25
[09:46] {magoo} small 300
[09:46] {dawg} in DISH .71
[09:46] {Onix} in DISH .72
[09:47] {magoo} out here .72
[09:48] {Threei} taking too long, DISH, tighten stop to .65
[09:51] {Geo} half out
[09:52] {Threei} half out .85
[09:52] {dawg} half out .84
[09:52] {Threei} scalpers have over 1:1
[09:52] {dino} sm l pru .30, stop .89
[09:53] {Threei} stop to .69 for the balance
[09:55] {dino} pru stop to .19
[09:55] {Threei} Long Setup: APLO small shares .31
[09:55] {dino} tighten to flat
[09:55] {Threei} stop under 70
[09:55] {Threei} APOL
[09:55] {Threei} sorry
[09:56] {Geo} out .20 Ty vad
[09:56] {Geo} 20 cents i mean
[09:57] {Threei} DISH?
[09:57] {Geo} y
[09:57] {Geo} actually .17
[09:57] {Geo} lol
[09:57] {Threei} yeah, I was wondering
[09:58] {Geo} got hit at .86
[09:58] {Threei} thought your math was even worse than my spelling but then decided it wasn't possible
[09:58] {Geo} i thought i had oferred .89
[09:58] {Geo} heheh
[09:58] {Threei} APOL invalidated
[09:58] {lisa_jay} Thanks Vad, got .14 and .13 on DISH.
[09:59] {Threei} welcome
[10:00] {dino} lay out on prui .70 area imo
[10:00] {dino} pru
[10:02] {dino} out pru .70, +.40
[10:03] {dino} too soon
[10:05] {Threei} stop to .73 for DISH balance
[10:05] {lisa_jay} Target Vad?
[10:05] {Threei} not that 4 cents make much difference, just want to do things by the book
[10:05] {Threei} depends on the way it trades lisa
[10:06] {Threei} no hard number in mind, going to read it on the go
[10:06] {Onix} ty Vad, i all out DISH @ .88
[10:06] {Threei} welcome
[10:07] {Threei} no crying if it goes higher - I, in exchange, promise nopt to cry if the balance gets stopped out
[10:07] {dawg} i am with you on that
[10:07] {Onix} deal
[10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:08] {Threei} and take his wrath as a man
[10:11] {magoo} APOL valid?
[10:12] {Threei} not sure about this one
[10:12] {Threei} charts look fine, just a bit too jerky
[10:12] {peterg} morning all
[10:12] {peterg} late start
[10:13] {Onix} hi peter
[10:13] {peterg} in anytrhing?
[10:14] {Threei} peter :)
[10:14] {Threei} 1/4 more out DISH
[10:15] {Threei} 12.02
[10:15] {Threei} +.30
[10:15] {Onix} wtg
[10:15] {dawg} out 1/4 more dish
[10:15] {lisa_jay} Great job Dawg.
[10:15] {Threei} stop for the last portion is .84
[10:15] {dawg} OK
[10:15] {Threei} now... onix...
[10:16] {Threei} go ahead and fulfill your part of the deal
[10:16] {dawg} Thanks Lisa you made some on this one also right?
[10:16] {Onix} i want to cry, but i won't
[10:16] {Threei} no, not that oner
[10:16] {Threei} this one:
[10:16] {Threei} [10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:16] {Threei} [10:08] {Threei} and take his wrath as a man
[10:16] {Onix} how do i slap someone?
[10:16] {lisa_jay} Yes Dawg. But not following like textbook.
[10:16] {magoo} do NOT devulge secret slap vad
[10:17] {Threei} highlight his nick... right click
[10:17] {Threei} sorry mags
[10:17] {Threei} I am obliged to
[10:17] {lisa_jay} Paulson in 15 min.
[10:17] {dawg} Just following Vad along on DISH
[10:17] {Threei} it's included in support by RT
06[10:17] * Onix slaps magoo around a bit with a large trout
[10:17] {Threei} people have right to learn how to trade and how slap their neighbor
[10:17] {Geo} i thought slap was an extra subscription
[10:18] {peterg} thats for steel boots
[10:18] {Onix} sorry magoo, a deal is a deal
[10:18] {Geo} oh
06[10:18] * Geo slaps peterg around a bit with a large trout
[10:18] {peterg} hey
[10:18] {Threei} out last portion
[10:18] {dawg} stopped last 1/4 DISH
06[10:18] * peterg slaps Geo around a bit with a large trout
[10:19] {dawg} Thanks Vad great call
[10:19] {Geo} yup..... .75 daily here... lord vader
[10:19] {Geo} i sneaked bounce of yes low resistance in amazon
[10:21] {peterg} lkg at qqqq, aapl, is market setting itself up in tight bands again?
[10:21] {peterg} strangulation effect?
[10:22] {Geo} is that a trading term?
[10:22] {peterg} nah, imported from shrinkology
[10:22] {Geo} or what my wife does to me
[10:22] {peterg} right
[10:25] {lisa_jay} Vad, LLTC a valid set up break of .60, with stop under .48?
[10:25] {lisa_jay} Thanks.
[10:27] {Onix} one of those days where nothing happens every 5 mnutes
[10:28] {Threei} lisa, chart wise yes
[10:28] {dino} feels like death to me, sitting aside
[10:28] {Threei} market is not very friendly to this kind of setups right now
[10:28] {dino} markets that is
[10:28] {Threei} I would skip it
[10:28] {lisa_jay} Trying to learn the setups..not trading anything with Paulson coming on.
[10:28] {Threei} right
[10:29] {lisa_jay} Thanks Vad.
[10:31] {Chaeron} Good morning all... had inet probs... miss much?
[10:31] {lisa_jay} Hey Chaeron.
[10:31] {Onix} hi Chaeron
[10:31] {Chaeron} hi LJ
[10:31] {Chaeron} Onix :)
[10:32] {Chaeron} everyone just waiting for Paulson?
[10:32] {Threei} chaeron :)
[10:34] {dptl} s sbux .39 stop .52
[10:35] {Chaeron} Paulson speaking
[10:36] {dawg} bounce scalp UAUA 11 cents
[10:37] {Onix} gj
[10:38] {dawg} Thanks Onix trying learn everything I can from everyone
[10:39] {dino} gj dawg
[10:39] {Threei} careful dawg... I tried to learn from magoo how to tie up my shoelaces
[10:39] {Threei} guess what
[10:39] {Threei} tripped over them three times yesterday
[10:40] {dawg} LOL!
[10:40] {dawg} Thanks Dino you have a good one in PRU if i remember right
[10:43] {Onix} hope does not help much in these markets, but i took one more day off today to see if i can make some $$$ and learn some more
[10:44] {KSystems} what do you usually do?
[10:44] {Onix} i have a full-time job as a greenhouse manager with the UBC in Vancouver
[10:45] {KSystems} oh cool
[10:45] {magoo} btw onix, u seemed to learn the trout pretty well
[10:45] {Onix} i have this wierd hope of retiring soon as a full-time trader
[10:45] {Geo} interesting job ONIX
[10:46] {Geo} maybe ill visit to lear !
[10:46] {Onix} ty
[10:46] {Geo} learn
[10:46] {hawkfan4} BBY .26, stop 21.95
[10:46] {Onix} bbby?
[10:47] {hawkfan4} bby, best buy
[10:47] {Onix} ok
[10:48] {hawkfan4} stop .19 now
[10:49] {KSystems} k
[10:49] {KSystems} oops sorry
[10:50] {Geo} anyone figure out what _OWL trying to say?
[10:51] {Onix} anyone having feed problems at the moment with Laser?
[10:51] {dawg} in BBY .28 hawk where do you have your sell stop?
[10:51] {Threei} looks OK onix
[10:51] {Onix} thanks
[10:51] {hawkfan4} .19 dawg, keeping it tight today
[10:51] {Onix} quote & chart servers?
[10:52] {dawg} ok thanks hwk
[10:52] {hawkfan4} np
[10:52] {dawg} hawk
[10:52] {dino} mcd
[10:52] {dino} sm l .00, stop lod
[10:52] {Threei} quote 16
[10:52] {Threei} chart 1
[10:52] {lisa_jay} Nice Hawk and Dawg.
[10:53] {Onix} ty Vad
[10:53] {dawg} hawk called this one
[10:54] {dawg} out half .47 BBY
[10:55] {dawg} +.19 Thanks Hawk
[10:55] {hawkfan4} nice :)
[10:56] {magoo} cramer such an ass..now saying treacherous mkt and u don't need to be in at all
[10:56] {Onix} Laserdave not in chatroom today?
[10:56] {magoo} he was just buy..buy...buy...friday'
[10:57] {hawkfan4} he's certifiable mags, in 2 hours he'll be a raging bull again
[10:58] {hawkfan4} FMCN .15, stop .95. risky
[10:58] {Threei} watching QQQQ for long
[10:58] {Threei} support .40
[10:58] {Threei} entry point is not very clear
[10:59] {Threei} .57 is a bit too far
[10:59] {Threei} I'd like more aggressive entry with tighter stop
[11:00] {Threei} if you like the idea of trade, grab it on any pulllback
[11:00] {Threei} stop under .40
[11:00] {Threei} target is between .60 and .70
[11:00] {Threei} first strength from here
[11:01] {Threei} nice tight stop
[11:01] {Threei} minimal damage if no worky
[11:01] {dawg} in Q's .45
[11:01] {dptl} in .46
[11:01] {magoo} i know hawk..and his followers have time frame of much more than day..so he puts them in AAPL 110...tells them get out 92
[11:02] {dptl} out
[11:02] {Threei} no worky
[11:02] {dawg} out
[11:02] {muddleheaded} What is the minimum amount of volume on a stock needed before a call is made by anybody in this room?
[11:02] {Chaeron} -.08 on Q's
[11:03] {dawg} out last 1/2 BBY .47 Great call Hawk Thank you much!
[11:03] {magoo} i like couple hundred thousand volume
[11:04] {Threei} we don't have formal treshold mudd... jujst generally avoiding low volume pukers
[11:05] {muddleheaded} O.k.
[11:06] {hawkfan4} gj dog, was gonna do the same but spilled my coffee all over my desk reaching for the mouse :)
[11:07] {dawg} i've done that too hope damage wasn't to bad
[11:07] {lisa_jay} Been there so many times that I now need a hammer to move my keybord keys.
[11:07] {dawg} lol
[11:08] {Threei} UAUA
[11:08] {Threei} bounce should be close
[11:08] {hawkfan4} lol :) missed the important stuff, just need to change my pants
[11:09] {dawg} good!
[11:10] {Threei} .51 long if holding above .30
[11:11] {magoo} man vad...look at DISH chart
[11:11] {Threei} wow
[11:12] {Threei} we exited 2 cents under day high
[11:12] {Chaeron} uaua... whoops
[11:13] {Onix} yes, that was a good one for you guys
[11:13] {Onix} and i am still not crying
[11:14] {Chaeron} (everytime I see UAUA, I think of the song "Louie, Louie"... you know: Lou aay, Lou aay, whoooa, oh... We gotta go"
[11:14] {Threei} lol
[11:14] {Onix} :)
[11:14] {lisa_jay} Duran Duran...Toto?
[11:17] {Chaeron} Kingsmen I think
[11:17] {dawg} long DISH .50 stop .44
[11:20] {Threei} US TSY PAULSON: $700B NUMBER FOR BAILOUT STILL ENOUGH FOR FINANCIAL MARKET ASSISTANCE
[11:20] {dino} mcd stop to .39
[11:21] {Threei} what is truly shocking about this whole mess - constant non-ending barrage of new and new hits and speed with which they are coming
[11:22] {Threei} as soon as powers that be sell another 'fix", new problem jumps right from around the corner
[11:22] {KSystems} any idea how long this is going to last?
[11:22] {Threei} haha
[11:22] {KSystems} I mean...when are stocks going to be priced like they were before the crisis?
[11:22] {KSystems} you're invited to laugh again
[11:23] {Threei} :)
[11:24] {Threei} see, major problem as I see it is inevitabledebt contraction
[11:24] {Threei} much of "prosperity" was build on a shaky foundation of debt
[11:24] {Threei} built
[11:25] {Threei} a lot of spending was based on disposable income which, in tunr, was based on debt
[11:26] {Threei} This whole mechanism has collapsed now
[11:26] {Threei} new spending will be built on more realistic leverage
[11:27] {Threei} thus, by definition, will be mcuh more restrained
[11:27] {Threei} so, market is sorting out now who will survive,
[11:27] {Threei} who will collapse,
[11:27] {Threei} who will prosper
[11:28] {dino} dino's gut says we end around 7000 dji
[11:28] {Geo} there is an interesting article by a guy who wrote liar's poker.....
[11:29] {dino} good book
[11:29] {Geo} http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
[11:30] {Geo} profiles a couple of guys who couldnt believe what was going on and shorted the investment banks.... and were encouraged to do so by the banks themselves
[11:35] {dino} out mcd .39, +.39
[11:35] {lisa_jay} Wow.
[11:35] {Onix} wtg dino
[11:35] {dawg} gj Dino
[11:39] {KSystems} thanks for your assessment of the situation Vad
[11:40] {Threei} shesh
[11:40] {lisa_jay} UAUA getting sold off hard.
[11:40] {Threei} hesitated to call UAUA short on 10 breakdwon
[11:40] {Threei} :(
[11:40] {lisa_jay} Tanked after it broke.
[11:41] {magoo} now a vadism..."why hesitate? u see a setup..u take it..it worx or stop...next"
06[11:43] * Geo slaps Threei around a bit with a large trout
[11:43] {dino} ok, big bet w/magoo. i say -400 dji before we go to -100 dji, he's other side
[11:43] {dino} lunch
[11:44] {Threei} I have this feeling in my stomach that we'll be lucky if -400 is all for today
[11:44] {dino} and ty dawg, onix, lisa
[11:44] {Threei} and if we get any sizeable bounce
[11:44] {dino} great miinds think alike, i said to magoo -500 coming, but if we bet i'll take -400
[11:45] {dino} apathy feeling in markets today
[11:45] {Onix} yes, looks like 3rd down day in the next leg down?
[11:45] {Threei} with panic sprikled on top
[11:45] {Onix} lol
[11:47] {Threei} QID looks to me like going over 71 in a hurry
[11:47] {magoo} 71??
[11:47] {Threei} 79
[11:48] {magoo} u like my vadism?
[11:48] {Threei} why wouldn't I... I invented it :)
[11:48] {Geo} comeon vad........ he is asking
[11:49] {Threei} ECB'S STARK: THE FINANCIAL CRISIS IS "WRECKING HAVOC," DIFFICULT TO ASSESS ECONOMIC OUTLOOK
[11:50] {Threei} KS... another scary thing is (although in a certain perverted sense it's encouraging),
[11:50] {Threei} there is no place in the world that would remain relatively safe in this environment
[11:51] {lisa_jay} Dawg, DISH still hold tight.
[11:51] {Threei} here is my 79
[11:51] {tomg} ty qid vad
[11:52] {Threei} tom :)
[11:52] {dawg} Watching paint dry Lisa still in
[11:54] {dptl} me too long at.52 dish
[11:54] {dawg} Good dptl
06[12:01] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * Geo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps Geo around a bit with a large trout
06[12:02] * laserdave1 slaps Geo around a bit with a large trout
06[12:02] * magoo slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * Geo slaps Chaeron around a bit with a large trout
[12:02] {Threei} dave... can you translate what laser guys posted in chat?? :)
06[12:02] * magoo slaps Onix around a bit with a large trout
[12:02] {Onix} something fishy going on here
[12:03] {Onix} ty magoo
[12:05] {Threei} I don't want to initiate any position here, volume died down
[12:05] {Threei} sideline
[12:05] {Threei} so... what can be done at all about GM?
[12:05] {Threei} failure puts about 3 mil jobs on the line
[12:06] {Onix} someone pulled up the emergency brakes?
[12:06] {Threei} not an option
[12:06] {Threei} how do you save it qwhen no one buys cars?
[12:07] {Onix} quite a headache hey?
[12:07] {Geo} QCOM getting pounded
[12:07] {Threei} understatement of the century...
[12:07] {Threei} all the discussions about bailing it out, I just can't understand how
[12:08] {Threei} give it money? what does it solve?
[12:08] {Onix} but next in line at the government window must be the airlines hey?
[12:08] {Threei} they'll burn through it in a few months, what's next?
[12:09] {Onix} government going to keep pumping money into GM etc?
[12:09] {Onix} as you, how can they just keep doing that?
[12:09] {Onix} rather let them go into chapter 11 and re-organize
[12:09] {Threei} current level of sales simply can't sustain the comapny
[12:10] {Geo} tought to happen as abama need to pay his dues to UAW
[12:10] {Threei} QCOM
[12:10] {Threei} CEO: COMPANY STOPPED NEW HIRING, PHONE MAKERS CUT ORDERS 'DRAMATICALLY' TO LOWER INVENTORY
[12:10] {Threei} - notes there is uncertainty in forecast
[12:13] {Onix} they call it the credit crisis
[12:13] {Threei} market is looking into abyss
[12:13] {Onix} so everything bought on credit is in real trouble with so many people losing their jobs
[12:13] {Threei} and when you do that for too long, abyss starts looking back at you
[12:14] {Geo} thats deep vad
[12:14] {muddleheaded} Anybody watching anything?
[12:14] {Threei} I want peter to be proud of me
[12:14] {Geo} in NTAP
[12:14] {Onix} deep insight or deep abyss?
[12:14] {Geo} deep abyss
[12:15] {dino} when staring into the abyss, thats when you find your charactor
[12:15] {dino} wall st
[12:16] {Threei} QID worth a try here again
[12:16] {magoo} long short?
[12:16] {Threei} long
[12:16] {muddleheaded} Geo, are you short NTAP on earnings or did you buy for a bounce?
[12:21] {dawg} short Q's .20 break
[12:22] {dawg} stop .31
[12:23] {peterg} vad, I very proud!
[12:23] {Geo} short since......24 mudd
[12:23] {Geo} 11.24
[12:23] {Threei} thatnk you
[12:24] {Geo} stopped QID..... am glad small shares
[12:26] {Geo} off to work.... TY all
[12:26] {dawg} stopped Q's -11 cents snall lot
[12:26] {Onix} me chicken, e don't do QID any more
[12:28] {lisa_jay} Me busy rading Power Puff grisl and Elmo
[12:28] {lisa_jay} So no QID.
[12:28] {peterg} pretty breathtaking moves on qid
[12:28] {peterg} I like Elmo
[12:31] {peterg} almost made typical mistake of buying on trend without setup
[12:31] {peterg} market loves to give pain then
[12:31] {peterg} qid of course
[12:34] {Onix} yes, jumping in without valid setup, calls for pain more often than not for me
[12:36] {dino} we shall call those the mr. t trades
[12:36] {lisa_jay} I have made a lot of Mr. T trades in my time.
[12:36] {peterg} you mean, like, okay, foo? (fool in mr t talk)
[12:36] {lisa_jay} Lol..Mr.T
[12:37] {dino} met sm l .00, stop .72
[12:39] {dino} peter, yes, and "what's your prediction on the fight mr.t? painnn"
[12:40] {peterg} riiiight
[12:40] {dawg} in met .04
[12:41] {dino} thinking intial target .44ish
[12:41] {dawg} ok bowels getting lose here
[12:41] {dawg} loose too
[12:41] {dino} nasty
[12:42] {Threei} nice MET
[12:42] {dawg} Dino call
[12:42] {Onix} good call dino
[12:42] {dino} use pru as your tell vad
[12:42] {dawg} out .43
[12:42] {dino} gj
[12:43] {dino} stop to .39
[12:43] {dawg} Thanks Dino great call!
[12:43] {dino} lucky gog
[12:43] {dawg} Direct Hit
[12:43] {dino} dog
[12:43] {dawg} .)
[12:44] {peterg} fabuloso dino and thanks.
[12:44] {dino} tighten to .45
[12:44] {peterg} in and out 2x, gainers both
[12:44] {dino} out +.45
[12:45] {peterg} course, first exit was clumsy mistake
[12:45] {dino} just lucky guys, glad to help
[12:45] {dawg} +35
[12:45] {Threei} PRU, if market helps, should reverse off .50
[12:45] {dawg} +35
[12:47] {dawg} get off the pipe dawg
[12:47] {dawg} in PRU 28.50 long
[12:48] {Threei} market's still selling, dawg, keep it tight
[12:48] {lisa_jay} stop vad?
[12:48] {dino} watch market
[12:48] {Threei} a bit premature entry, IMO... but keep stop under .40
[12:49] {lisa_jay} Best entry would be?
[12:49] {lisa_jay} Or better, thanks.
[12:49] {dawg} stopped PRU
[12:49] {Threei} it's not nyumbers
[12:49] {Threei} it's market direction
[12:49] {lisa_jay} Not in.
[12:49] {dino} they move w/dji
[12:50] {Threei} right
[12:50] {lisa_jay} Ok thanks Vad, Dino.
[12:50] {Threei} levels of support/resistanve are for watching around them, not for entry per se
[12:50] {dawg} OK learned on that one then
[12:55] {Threei} JPM CEO: DE-RISKING BEAR STEARNS BALANCE SHEET COST ABOUT $10B MORE THAN EXPECTED - CONF PRESENTATION
[12:55] {Onix} surprise!
[12:56] {dino} shocker
[12:56] {dawg} PRU in .27
[12:56] {dino} chic
[12:56] {peterg} new word: de-risking
[12:56] {dawg} bounce scalp
[12:57] {dino} thinking short
[12:57] {dawg} out .34 + 6 cents
[12:57] {dino} gj, sorry i was talking chic
[12:58] {dino} buyout 9
[12:58] {dawg} its OK probably getting a little loose here anyway but its working
[13:02] {dawg} in PRU .23
[13:03] {dawg} too slow stopped PRU
[13:08] {dptl} ftbk???
[13:09] {Threei} gosh
[13:09] {Threei} dp, you are scaring me
[13:09] {Threei} why scream
[13:09] {dptl} :)...i scare my self
[13:10] {dptl} and qqqq at .50 may be
[13:10] {Threei} looks like, yes
[13:11] {Threei} very strange market here I must say
[13:11] {dino} as opposed to?
[13:11] {Threei} lol
[13:11] {peterg} warm and friendly, cuddly market
[13:11] {dino} pretty much the normal since sept. 1st
[13:12] {KSystems} probably its not the market but us
[13:12] {Threei} todays is stranger
[13:12] {peterg} retek nart dardlep
[13:12] {Threei} slow drift down,,, slow drift up...
[13:12] {muddleheaded} Does anybody use pivot points on the indices?
[13:12] {Onix} its all slippery with blood with the bulls and bears fighting so much
[13:13] {Threei} lol onix
[13:13] {Threei} as general idea of support/resistance levels, mudd
[13:18] {dino} intra-day and natural ones
[13:18] {Onix} what you think of KG Vad?
[13:19] {Threei} .50 if holding above .40 would be a standard play
[13:19] {Threei} I just don't trust it
[13:19] {Onix} ty
[13:20] {lisa_jay} FISV?
[13:20] {magoo} KG? pretty good basket ball player
[13:20] {Threei} same thing, only more volatile and risky
[13:21] {peterg} he left minnesota for boston
[13:21] {lisa_jay} Ok, thanks Vad.
[13:21] {Onix} just what you sid Vad, look at KG now!
[13:21] {Onix} said
[13:22] {dino} mkts dropping imo
[13:22] {Threei} yikes
[13:23] {magoo} jesus..does paulen even get a bathrm brteak lol
[13:23] {KSystems} is he still speaking??
[13:24] {Onix} his full-time job is to prop up the markets, didn't you know?
[13:24] {magoo} oh..i looked up..guess it was news story
[13:24] {Threei} lol
[13:24] {dino} and he does a terrible job at it. should just hire a motivational speaker
[13:25] {Onix} :)
[13:26] {dino} brb
[13:27] {Threei} dino may have figured it out
[13:27] {Threei} market needs Tony Robbins
[13:28] {Onix} i think rather Robbin Williams
[13:28] {KSystems} LOL
[13:31] {Threei} for a few days now market has this frozen look
[13:32] {peterg} snow on ground in MN -- could be a connection?
[13:33] {Threei} drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened
[13:33] {Onix} lol
[13:33] {magoo} see..even u have become lulled and complacent..this USED to be a big down day..280 down
[13:33] {Threei} bravely walked on a brink of chasm while drunk,
[13:33] {magoo} now its no big deal
[13:33] {Threei} sobered up and saw where he was
[13:34] {Threei} it's not even about the size of red mags...
[13:34] {peterg} So, maggers, what does it all mean?
[13:34] {Threei} it's the fashion in which it's done that creates this wierd feeling
[13:34] {Threei} to further my analogy and try to explain what I feel...
[13:35] {Onix} smart money is either all out already, or they can not make up their mind
[13:35] {Threei} when he sobers up and sees where he is and gets scared,
[13:35] {peterg} then
[13:35] {peterg} he
[13:35] {Threei} he is being torn between two conflicting impulses
[13:35] {Threei} one is to back away from the abyss
[13:36] {Geo} back
[13:36] {Threei} another is to close his eyes and step right in
[13:36] {Onix} all aboard? ... going down!
[13:36] {Geo} we in anything?
[13:36] {Threei} no
[13:36] {Onix} nope
[13:36] {Geo} thanks
[13:36] {Threei} seriously guys
[13:36] {Threei} I am not trying to be cute
[13:36] {peterg} Captain of balloon ride in colorado explained to me my fear was from my wish to jump
[13:36] {Threei} (not that I have any chance to succeed in that)
[13:37] {peterg} Im following you vad
[13:37] {Threei} this is how I feel watching market last few days
[13:37] {Onix} too much vodka?
[13:37] {Threei} sigh... I have no chance to be taken seriously, do I :)
[13:38] {Onix} lol
[13:38] {Onix} sorry, i agre with you, it is real stange these last few days in the markets
[13:40] {dino} feels like nobody cares...apathy
[13:40] {peterg} My bellweather stock, GE, is tanking further
[13:41] {Onix} i don't hope it is going to be like this for the next 69 days until Obama takes the reigns
[13:41] {peterg} Sold this summer.
[13:41] {peterg} If its like this, Onix, you
[13:41] {Threei} dino... strikes me as
[13:41] {Threei} ummm
[13:41] {peterg} will have to keep your day job
[13:41] {Onix} so true
[13:41] {dino} yes?
[13:42] {Threei} not apathy but rather being horrified of inevitable
[13:42] {Threei} scared to death of it,
[13:42] {Threei} scarewd to face it,
[13:42] {Threei} and not seeing any way to avoid it
[13:42] {peterg} who said, "the horror, the horror...."?
[13:42] {peterg} anyone?
[13:42] {dino} apocolaspse(?) now
[13:42] {peterg} rihngt
[13:43] {peterg} from book
[13:43] {peterg} by conrad
[13:43] {Threei} all thinkable lifelines thrown in, used up and didn't help
[13:43] {hawkfan4} Col. Kurtz
[13:43] {peterg} heart of darkness
[13:43] {Geo} rumor is..... being paid to wait till jan 20
[13:43] {peterg} yes yes!
[13:43] {Geo} lol
[13:43] {peterg} so maybe vad it is just too awful even for us to think about
[13:44] {peterg} lost in space
[13:44] {Threei} well, our advantage is ability to control risk
[13:44] {Threei} stay away if needed
[13:44] {dino} the way i see it, they must let capitalism work, so ineviably bankruptcies must occur, bondholders must be paid off, not in principle, but new stock, and contracts must be broken. then start over
[13:44] {peterg} yup
[13:44] {Threei} cut losses short if needed
[13:44] {Threei} grab obvious profits when they are there
[13:44] {Threei} exactly what we did these lat few days
[13:45] {peterg} good, but difficult for a young seventeen year old like myself
[13:45] {dino} yes vad, it is a daytraders world for now
[13:45] {Threei} I am afraid in today's situation it's not going to happen dino
[13:45] {Threei} not with incoming administration
[13:45] {dino} agreed, thats why it will take twice as long
[13:45] {Threei} not after all these endless bailouts
[13:46] {peterg} where does this money end up?
[13:46] {Threei} they will dig deeper and deeper hole in hope to make another generation pay for it
[13:46] {dino} north korea closing border jan. 1st. another obama test in the making
[13:46] {peterg} truly the curse of living in interesting times
[13:46] {Threei} really, do you see new prez ditching UAW?
[13:46] {peterg} not going to happen
[13:46] {peterg} apparently
[13:47] {peterg} detroit has been a pit for forty years or more
[13:47] {peterg} sorry if i offend people
[13:47] {dino} you don't
[13:47] {Threei} light at the end of the tunnel for us is
[13:47] {dino} not me at least
[13:47] {peterg} gotcha
[13:47] {Threei} [13:46] {peterg} where does this money end up?
[13:47] {peterg} ya
[13:47] {Threei} that's what will work eventually for us as traders
[13:48] {Threei} trillions on a sideline
[13:48] {peterg} ahhah
[13:48] {Threei} sooner or later they will pour in
[13:48] {Threei} and prop the markets in bull frenzy
[13:48] {Threei} timing is tough but it will be well worth the wait
[13:48] {peterg} back to dino
[13:49] {peterg} jungle image
[13:49] {peterg} correct
[13:49] {Threei} we got first taste of it on days when market did 1000 points green
[13:49] {lisa_jay} sigh..FISV, would have gone to 32.85 if i had bought.
[13:49] {lisa_jay} oh well.
[13:49] {Threei} shrug it off lisa... was random one
[13:49] {Threei} 50/50
[13:49] {lisa_jay} Yes, learning to read patterns though. Thanks.
[13:50] {peterg} lisa, you are inspriation tolazy me to learn patterns.
[13:50] {lisa_jay} Actually got it from Dawg.
[13:51] {peterg} Thanks all o yez
[13:51] {dawg} dogs back on the pipe
[13:51] {peterg} smokin?
[13:51] {lisa_jay} Hot.
[13:51] {dawg} but thanks Lisa
[13:52] {peterg} back in hr. Nobody make money til then.
[13:52] {lisa_jay} With the market the way it is, you can wake us up when you get back.
[13:54] {Threei} abyss is a magnet
[13:54] {lisa_jay} yes
[13:56] {dino} lod coming
[13:56] {Threei} today shapes up as one of those days
[13:56] {Threei} serously exceeding "normal - 300"
[13:57] {Threei} you are going to win that bet with magoo, dino
[13:57] {Threei} to quote outgoing prez... "this sucker is going down"
[13:58] {Onix} lol
[14:00] {Onix} but if market goes down much more, government will have to start bailing out pension funds as well
[14:01] {Threei} you know... as far as big economic picure is concerned, I just don't have any points of reference to try and create any kind of forecast
[14:02] {Threei} unfortunately, events show neither do decision-makers
[14:02] {Threei} I mean, what does collapse of this and that and that implicate?
[14:02] {Threei} when GM, F, MS, GE are down and out,
[14:02] {Threei} when pnesion funds are ruined
[14:03] {Threei} whart happens next?
[14:03] {dino} pension funds are already insured by govt., pension guanatee assoc.
[14:03] {Threei} this is where I have major troubles dino
[14:03] {dino} annuities just got tarp, think insurors
[14:03] {Threei} who insures the govt?
[14:03] {Onix} maybe that is what is was like recovering after WWI & II?
[14:03] {patience} my theory is businss becomes predominantly foreign owned in the U.S.
[14:04] {Threei} what happens when the govt that insures everyone goes bust?
[14:04] {dino} printing presses do 3i, we will be shorting dollar and bonds very shortly
[14:04] {patience} u.s. taxes have to go up to pay today's promises
[14:04] {KSystems} Look at Iceland, its happened there
[14:05] {Onix} if states like California can go bust, then the whole UA can also go bust
[14:05] {Threei} I don't know about foreign ownership... seems the rest of the world has it even worse than US
[14:05] {Onix} new world leader (China) will emerge
[14:06] {Threei} this I truly doubt
[14:06] {lisa_jay} qqqq's at lower end of the channel.
[14:06] {dino} you are clouded by silly academic ideas (w/respect intended). the politicians and bankers know the only way out is to inflate it away. right now dollar and bonds are going up, but to pay it off "cheaper", we must print around the clock, de-valuing bonds, dollar, etc. so if dolar drops 30%, we save $200 billion...see
[14:07] {Threei} this I understand dino
[14:07] {Threei} what I don't is,
[14:07] {dino} they understand this, and joe sixpack keeps his (no 30% less) pension
[14:07] {Threei} devaluation of dollar relative to what?
[14:07] {Threei} whole world has to print
[14:07] {Threei} and inflate the way out of problem
[14:07] {dino} gold, oiul, china, etc
[14:07] {dino} oil
[14:08] {dino} another commodity boom in the making imo
[14:08] {dawg} short Q's .06 out .94 for a dime scalp
[14:08] {Onix} we are going to press the reset button and start from scratch
[14:09] {dino} hmmm, again w/respect intended.....do not over think it, inflation is coming soon. obama will be dealing w/carter like environment. rates
[14:11] {dino} cycles are just coming faster these days, imo
[14:11] {Onix} we are fairly protected up here in Canada from all the economic turmoil at this stage
[14:11] {Onix} but i feel real sorry for all the millions losing their jobs in the USA
[14:12] {dino} don't misunderstand me. there will be plenty of opprtunities
[14:12] {dino} ty onix
[14:14] {lisa_jay} Nice one Dawg.
[14:14] {Threei} market does go down as we foresaw... problem is, I can't find safe entry points
[14:15] {dino} same problem, my mind resists shorting when down 750 dji points since fri close
[14:15] {dino} 8.5%
[14:15] {Threei} what a mess
[14:16] {dino} agreed
[14:18] {dino} -1,295 since close on election day, or13.5%
[14:19] {dawg} bounce scalp C in .84 out .96
[14:19] {Onix} anybody with a cristal ball to tell us what time the day-traders are going to start to cover their shorts today?
[14:19] {dptl} vvus .51 long ?
[14:22] {dawg} in C short .98 for a scalp
[14:22] {Threei} VVUS, I doubt it
[14:26] {dawg} stopped C -7 cents
[14:27] {Threei} GE
[14:27] {Threei} APPROVED TO OFFER FDIC INSURANCE ON $139B IN DEBT, GE CAPITAL ELIGIBLE FOR EXPANDED PROGRAM
[14:27] {Threei} is this what propped the market just now?
[14:28] {dawg} short C .04 for a scalp
[14:33] {dawg} stoppped C -8 cents
[14:33] {Threei} -4 you mean?
[14:34] {dawg} in at 04 and stopped at .12
[14:34] {Threei} oh, I see... didn't saw it spiking there
[14:34] {dawg} Yes reversing
[14:35] {dawg} but only trading small lot of 200 shares
[14:39] {dino} press conference coming..."all americans to get $50k in cash to stimu;late economy" just kidding, but might be cheaper current stategy
[14:40] {Threei} why limit it so severely
[14:40] {dawg} lol
[14:40] {Threei} I'd suggest including canadians
[14:40] {Threei} maga, Italy, right?
[14:41] {Threei} KS, germany?
[14:41] {KSystems} yep
[14:42] {Threei} Chaeron, cosmo and geo will probably insist on including California
[14:42] {Threei} now, that I'll object to
[14:43] {Geo} ou can leave california out
[14:43] {Geo} just give it to me
[14:44] {Geo} and chaeron too...
[14:44] {dino} lol
[14:51] {Chaeron} thank you Geo... I think you're on to something... give it all to me and Geo and we will distribute among our friends... I don't have any friends tho Geo, do you?
[14:51] {Threei} you wealth distributor
[14:51] {Geo} only you cheron
[14:51] {peterg} back. reviewed log. some up/dn. Last hour, lets really make money
[14:51] {Geo} you and me
[14:52] {lisa_jay} Vad, just for educational purpose, would FISV be an inverted c & h? with .00 break down? Thanks.
[14:53] {Threei} yup
[14:53] {Threei} also, head and shoulders
[14:54] {lisa_jay} Stop .15
[14:54] {Onix} on 1 min or 5 min?
[14:54] {Threei} korrekt
[14:54] {lisa_jay} 1min
[14:55] {Threei} one more leg down is coming
[14:58] {Geo} ne calls vad?
[14:59] {dawg} short C .92
[14:59] {Threei} tough proposition geo
[14:59] {Threei} general direction is relatively easy
[14:59] {Threei} a lot of short-lived rallies are very hard to time
[14:59] {Geo} yeah..... i got rinsed on QID and one more... cant remember.....
[14:59] {Geo} convinient memory :)
[15:00] {dawg} out C .81
[15:00] {Threei} finally dawg
[15:00] {Threei} nailed it
[15:00] {dawg} +10 cents Thanks Vad for general direction
[15:00] {peterg} nice
[15:01] {dawg} thanks Peter
[15:01] {lisa_jay} 1:1 fisv...did not take :-)
[15:01] {dawg} Took awhile but your general direction give me courage
[15:02] {Onix} paper trading does help lisa :)
[15:02] {lisa_jay} Yes, if i was in the position, we would be having a huge rally.
[15:02] {Threei} lol
[15:03] {Threei} this kind of paper trades build confidence lisa
[15:03] {magoo} all we need is chaer to short something big...BAM RALLEY
[15:03] {lisa_jay} I hope.
[15:03] {lisa_jay} What do you say Chaeron...for the greater good.
[15:04] {lisa_jay} Lets short something.
[15:05] {Onix} lisa, where do you live?
[15:05] {lisa_jay} CT.
[15:05] {lisa_jay} USA.
[15:05] {Threei} Ct is USA?
[15:05] {dino} hey neighbor!, well sort of
[15:05] {Threei} at least one town in it is not
[15:06] {Onix} CT also stands for Cape Town South Africa
[15:06] {lisa_jay} Yeah, Dino, Magoo...often visit PA..are you near Horsham?
[15:06] {dino} 2 hours north
[15:07] {Threei} -350
[15:07] {dino} 50 pts and lunch tomorrow on magoo
[15:07] {dino} you see, magoo and i have ability to freeze markets in small ranges, our bet did just that for hours
[15:08] {lisa_jay} lol
[15:08] {Threei} dino... I think new administration will employ you on a spot for that ability alone
[15:08] {dino} roflol
[15:09] {peterg} anybody looking att anything?
[15:09] {dino} but they need to hire magoo too or it won't work
[15:09] {Threei} even that won't stop them
[15:09] {peterg} If nobody can find anything, Im going home early
[15:09] {Threei} peter... my feekling is, last bounce, then royal flush
[15:10] {peterg} time guesstimate?
[15:10] {dino} peter, my feeling is to ask magoo to bring me a brew and call it a day
[15:10] {Threei} 5 minutes
[15:10] {Onix} :)
[15:10] {peterg} wanna short something, as lisa suggested?
[15:11] {Threei} Qs
[15:11] {peterg} magoo, bring me a brew and call it a day
[15:11] {Threei} ADBE
06[15:11] * Chaeron slaps peterg around a bit with a large trout
[15:11] {Chaeron} say please
[15:12] {peterg} pls
[15:12] {Geo} that was easy
[15:12] {Chaeron} Larisa's not here and manners go to heck......
06[15:13] * dino slaps magoo around a bit with a large trout
[15:13] {dino} pay attention magoo, peter wants a beer
[15:14] {peterg} jeez vad, you put em in front of me and i dont take me adbe
[15:15] {peterg} frozen mind
[15:15] {peterg} limbs
[15:15] {Chaeron} move
[15:15] {Chaeron} it's almost 80 here
[15:15] {peterg} where?
[15:15] {lisa_jay} adbe vad, break of .10?
[15:15] {Chaeron} Thailand
[15:15] {Chaeron} teasing... So. Calif
[15:16] {Threei} in this environemtn I prefer shorting bounces lisa
[15:16] {lisa_jay} Ok, Thanks
[15:21] {peterg} i am in antarctic science station studying beer proliferation
[15:21] {magoo} i must apolagize..our bet ruined the trading day both sh opr long
[15:21] {Threei} why... we got a few good ones
[15:21] {Threei} not as many as we want
[15:21] {Threei} but heck
[15:22] {magoo} all BEFORE the bet boss
[15:22] {Threei} oh
[15:22] {Threei} yes, you are right
[15:22] {magoo} what..cant hear u..say ahgain please lol
[15:23] {peterg} hav fun team. Going home, will review log for things said about mkts, me
[15:23] {lisa_jay} Bye Peter
[15:24] {Threei} take care peter
[15:24] {peterg} bye lj, vad
[15:24] {Threei} ADBE works like charm
[15:24] {Threei} Qs too
[15:24] {Threei} flush in progress
[15:24] {peterg} and raven, cosmo dawg dino dptl geo hwk,jmb ksys, ldave, mag mudd, onix patienc tom g maga
[15:24] {dino} cya pete
[15:24] {Threei} 20 points till dino's bet win
[15:25] {magoo} u know how much heeats?
[15:25] {dino} victory, a dish best served cold
[15:27] {dino} wow, kbr at $12 w/$10/share cash
[15:27] {dino} no takeovers tho, because no financing available for them
[15:27] {magoo} hang onnnnnnnnnn dow
[15:27] {dawg} short Q's break of .75
[15:28] {dawg} stop .81
[15:28] {magoo} u gotta have the print or no deal, er um. meal
[15:28] {dino} missed by .80
[15:31] {dawg} stopped Q's - 6 cents 200 shares
[15:31] {Threei} not really right way to enter this kind of selloffs dawg
[15:32] {dawg} what is the right way was waiting for flush
[15:32] {Threei} it dropped into low instwad of consolidating above it,
[15:32] {Threei} this kind is more likely to bounce instead of continue
[15:32] {dawg} ah got it always learning with you
[15:33] {Threei} either wait for bounce into resistance or for consolidation and break
[15:33] {dawg} I was ass backwards
[15:33] {magoo} im gonna win bet
[15:33] {magoo} going green
[15:33] {Threei} green?}
[15:33] {Threei} today?
[15:34] {magoo} yes
[15:34] {magoo} in progreesss
[15:34] {Threei} if that is what you bet on, I'll bet on dino's bet
[15:34] {Threei} any leverage you wish :)
[15:34] {muddleheaded} Any thoughts on FTBK?
[15:35] {Threei} FTBK is moving on this:
[15:35] {Threei} 11/12/08 10:12am
[15:35] {Threei} [FTBK] Frontier Financial Announces Status of Treasury Capital Purchase Program Application
[15:35] {Threei} - indicated they have filed an application for the Capital Purchase Program announced by the Treasury. The deadline to file the application is November 14, 2008. At this time, Frontier's application has neither been denied nor approved by their federal regulators or the Treasury.
[15:35] {magoo} dino is ranting non stop"how can it not print 400 down..."
[15:36] {muddleheaded} Thanks.
[15:36] {Threei} they are denied, it drops 2 bucks faster than traders blink
06[15:36] * magoo slaps Threei around a bit with a large trout
[15:36] {magoo} vadf acts like hes running the room or something he he
[15:37] {Threei} gosh, it's what, 18 points till 400?
[15:37] {Threei} it will eat those 18 points in two shakes of lamb's tail
[15:37] {Threei} lol
[15:37] {Threei} 10 points
06[15:37] * Geo want to just eat the lamb
[15:38] {muddleheaded} TSX is worse off.
[15:38] {Threei} how much down?
[15:38] {magoo} u half empty guy
[15:38] {muddleheaded} 559
[15:38] {Threei} yikes
[15:38] {magoo} only 265 points away from free lunch
[15:38] {Threei} oil under 56
[15:39] {Threei} loonie lost .80 yet?
[15:39] {dino} like having a sell order at 400, but won't hit
[15:40] {muddleheaded} $0.8081 now.
[15:40] {lisa_jay} There Dino...saw the print.
[15:40] {dino} bamm! lunch on magoo
[15:40] {Threei} here we go
[15:40] {lisa_jay} Flush...
[15:40] {Threei} yeah
[15:40] {Threei} not royal flush yet
[15:41] {Threei} but that's coming too
[15:41] {Geo} magoo?
[15:41] {Geo} looks like he went grocery shopping
[15:41] {Threei} dawg
[15:41] {Onix} testing October lows today already?
[15:41] {Threei} see where Qs dropped from?
[15:41] {dawg} short Q's off resistance like you said
[15:41] {dawg} .89
[15:41] {Threei} .90 resistance, like clockwork
[15:42] {dawg} Yes sirree!
[15:42] {lisa_jay} R u short Dawg?
[15:42] {dino} 8,143 next target imo
[15:42] {Threei} onix, NASDAQ is still above those lows
[15:42] {dawg} yes but only 200 shares
[15:43] {Threei} not too far though
[15:43] {dawg} out 1/2 100 shares
[15:43] {dawg} thanks Vad hold onto last 100
[15:43] {Onix} getting there only 64c for Q's
[15:43] {dawg} for royal flush
[15:43] {Threei} :)
[15:44] {dawg} Ok out last 100 be what a learning experience Vad
[15:45] {Threei} I've no idea where this spike came from
[15:45] {Threei} jusr dangers of bear market
[15:45] {Onix} short coverings?
[15:45] {dawg} whoa!
[15:45] {Threei} spikes are sudden and violent
[15:45] {dino} 3:45 bounce
[15:45] {dino} like clockwork
[15:45] {dawg} short again .90 Vad?
[15:46] {Threei} no
[15:46] {dawg} got it
[15:46] {Threei} this kind of spike ruins whole read
[15:46] {Threei} it can drop or continue up from here with he same odds
[15:46] {dawg} i see
[15:47] {dptl} have a good evening all
[15:47] {Threei} take care dp
[15:47] {magoo} dp WAITTTTTTTT
06[15:48] * magoo slaps dptl around a bit with a large trout
[15:49] {Threei} dawg... how about that eh?
[15:49] {dawg} you where right along Vad
[15:50] {dawg} all along
[15:51] {magoo} thats why hew gets the lunch dawg
[15:51] {dawg} lol magoo!
[15:52] {dawg} and dinner too
[15:53] {dino} detroit city counsel files for 10b tarp loan
[15:53] {Geo} wot???? really?
[15:54] {Threei} what the
[15:54] {Threei} is it money for all purposes now?
[15:54] {dino} yes, real$.com
[15:54] {dino} soon i will file
[15:55] {Geo} chaeron... you ready with our filing proposal? I have pretty graphs
[15:56] {Threei} look at FTBK
[15:56] {Threei} down full buck in a few minutes
[15:56] {dino} zion out w/going concern in report
[15:57] {peterg} at home in easy chair for end
[15:57] {dino} c at 9+
[15:57] {magoo} see..everyone used to 15 minute powerful close..so mother mkt spanks them today
[15:58] {magoo} falls
[15:58] {Threei} -400 again
[16:00] {peterg} so what predicto for tomorro?
[16:00] {magoo} he gets a lunch for every tag
[16:00] {magoo} thasts 3
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} more pain peter
[16:00] {magoo} prediction? PAIN
[16:00] {Threei} thank you all
[16:00] {peterg} Mr T!!
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Bye guys.
[16:00] {Threei} see you tomorrow
[16:00] {peterg} gnite all again
[16:00] {muddleheaded} Bye everybody.
