What a day. Over 900 points range, 11%. Started out well, then took a few stops trying to short initial bounces. Finally got a sense of what was coming, switched to longs and day turned fun and profitable. What a contrast with boredom of the rest of the week.
Session Start: Thu Nov 13 08:07:20 2008
[08:30] {ese} good morning.......
[08:30] {Threei} SEPT TRADE BALANCE: -$56.5 V -$57.0BE
[08:30] {Threei} morning ese
[08:30] {KSystems} Good morning!
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 516K V 480KE;
[08:30] {Threei} KS :)
[08:31] {Threei} CONTINUING CLAIMS: 3.897M V 3.825ME
[08:31] {Threei} - Prior Initial Jobless Claims revised from 481K to 484K
[08:31] {Threei} - Prior Continuing Claims revised from 3.843M to 3.832M
[08:31] {ese} hey vad....got back late yesterday morning from up the island.....visiting relatives
[08:31] {ese} good morning ksys.....
[08:31] {Threei} how are things up island?
[08:31] {ese} raining......no better than here
[08:31] {ese} relatively warm though....
[08:32] {Threei} I'll have to spend Sunday in Nanaimo
[08:32] {ese} whats up?
[08:33] {Threei} wife has a full day gig over there, and hates driving alone over Malahat
[08:33] {ese} I'm finding in general that this fall and semi winter are warm....certainly was much colder last year
[08:33] {Threei} not sure what I am going to do in that place whole day
[08:33] {ese} can't sys that I blame her......just about an acident a day on the malahat
[08:34] {Threei} did you have to use reserve server to connect?
[08:34] {ese} nope.....connected right away
[08:35] {Threei} ok... some routes are down
[08:35] {ese} Nanaimo city council has fixed up the inner harbour quite nicely vad......it's pleasant to walk around
[08:35] {Threei} I guess... just too long
[08:36] {Threei} I'd do with an hour, but whole day? :)
[08:36] {ese} you have no choice then.......
[08:36] {ese} VOLDKA!!!!!
[08:36] {Threei} and driving back over Malahat in complete darkness? :)
[08:37] {ese} sit in gutter in old part of city ........
[08:37] {ese} have a cigarette and voldka.....
[08:37] {Threei} if I am not here on Monday, you know that's exactly what I did, lol
[08:38] {ese} lol
[08:38] {ese} my high school R&B band is singing christmas carols with country superstar Kenny Rogers on Sunday.
[08:39] {Threei} wow
[08:39] {ese} at the Save On Foods Center
[08:39] {Threei} don't you love the name
[08:39] {Threei} Save On Foods Memorial Center
[08:39] {Threei} place where we gather to share memories about how we saved on food
[08:40] {ese} ha ha ha ha......no kidding
[08:40] {ese} food industry is only stocks going up......
[08:41] {Threei} I couldn't believe yesterday's Paulson speech
[08:41] {ese} missed it ....what'd he say
[08:42] {Threei} you remember how 6 weeks ago he insisted that the only way to save the world was to buy toxic assets from banks
[08:42] {Threei} and asked for 700B for that purpose
[08:42] {ese} yes
[08:42] {ese} indeed
[08:42] {Threei} yesterday he said, nah, that's not what we are doing with the money
[08:42] {Threei} we are buying bank stocks
[08:42] {ese} blundering idiot......
[08:43] {ese} make up your mind........markets hate uncertainty
[08:43] {Threei} it's so obvious that they have no idea what they are doing
[08:44] {Threei} LDK
[08:44] {Threei} COMMENTS ON CURRENT BUSINESS ENVIRONMENT
[08:44] {Threei} - LDK Solar has a healthy cash position of more than $460M and available unused credit facilities totaling in excess of $430M.
[08:44] {Threei} - As of the end of October 2008, LDK Solar has secured contracts totaling 1.8 GW for 2009, which is more than 100% of its currently planned output for the year. LDK Solar's wafer plant is operating at full capacity in order to fulfill its customers' orders pursuant to the supply agreements
[08:45] {wishbone} gm all
[08:45] {ese} same with ESLR.........
[08:45] {Threei} wishbone :)
[08:45] {ese} wishbone....
[08:45] {Threei} sector overall doesn't look healthy
[08:45] {Threei} but then again... nothing does at the moment
[08:45] {magoo} morn
[08:45] {ese} no but it's only a matter of time......
[08:47] {ese} NVDA very healthy cash position as well.....just a matter of time
[08:47] {Threei} magoo :)
[08:47] {ese} mags......
[08:48] {Threei} havce a look at this eery chart:
[08:48] {Threei} http://billcara.com/assets/korvus/analog_126%20days_1973-74.jpg
[08:48] {magoo} AMAG nuts vad news
[08:48] {ese} robin hood.....how are ya....
[08:49] {Threei} there is news magoo, I just can't understand single word of it
[08:49] {Threei} [AMAG] AMAG Pharmaceuticals Ferumoxytol resubmission designated complete, class 1 response by the FDA - Update
[08:49] {Threei} - The FDA has established a December 30, 2008 Prescription Drug User Fee Act target action date. AMAG is seeking marketing approval for ferumoxytol for the treatment of iron deficiency anemia in patients with all stages of chronic kidney disease, including those on dialysis and those not on dialysis.
[08:52] {Threei} INTC is weighing on NASDAQ
[08:53] {Threei} DELL under 10... never thought I'd live to see this
[08:55] {lisa_jay} Good morning everyone.
[08:55] {Threei} lisa :)
[08:56] {ese} lisa......
[08:57] {lisa_jay} :-)
[08:57] {dptl} good morning all
[08:58] {ese} dp....
[08:58] {dptl} :)
[08:59] {Threei} dp :)
[08:59] {dptl} :)
[08:59] {Threei} Europe's biggest economy Germany has officially fallen into recession after being hit by the downturn in manufacturing exports.
[09:01] {Onix} Good morning all
[09:01] {Threei} onix :)
[09:04] {_maga} morning everybody
[09:04] {Threei} maga :)
[09:04] {Threei} wishbone, look dcc please
[09:05] {dino} gm all
[09:05] {Threei} dino :)
[09:06] {lisa_jay} HI Dino.
[09:08] {dino} :)
[09:09] {Geo} gm all
[09:09] {Threei} geo :)
[09:14] {lisa_jay} Hi Geo.
[09:15] {Threei} be back in 5
[09:20] {Threei} inverted H&S on daily is practically ruined
[09:20] {Threei} we are looking at possible double bottom now, but gut feeling is, it's not going to hold
[09:21] {dino} naz?
[09:21] {Threei} yeah
[09:21] {dino} 7800, then guessing 7500
[09:25] {KSystems} Vad you finally convinced me to try my coffee black
[09:25] {Threei} and?
[09:25] {KSystems} No Worky!
[09:25] {Geo} lol
[09:25] {Threei} oh well
[09:26] {Threei} apply tight stop
[09:26] {KSystems} yea..triggered
[09:29] {Threei} let's skip first 5-10 minutes
[09:33] {Threei} Short Setup: UAUA half lot .89
[09:33] {Threei} stop above 10
[09:33] {Geo} nope
[09:33] {Threei} nope is right
[09:34] {Threei} was available just yesterday
[09:34] {lisa_jay} avail here, is it still valid?
[09:34] {lisa_jay} sigh too fast.
[09:34] {Threei} yeah
[09:34] {Threei} let it be
[09:35] {lisa_jay} ok, thanks.
[09:35] {lisa_jay} good call though
[09:38] {Threei} Long Setup: DELL .43 if stays above .30
[09:39] {Threei} INTC green
[09:39] {dino} mcd sm l .60, stop .27
[09:40] {dino} stopped
[09:41] {Threei} Long Setup: SOLF 5.11 if stays above 5
[09:43] {Threei} DELL invalidated
[09:43] {lisa_jay} Ok.
[09:43] {dino} pru
[09:46] {lisa_jay} Nasdaq red.
[09:47] {Threei} SOLF invalidated
[09:47] {dino} dji too
[09:49] {dino} sitting
[09:49] {Threei} want to see one more bounce and market reaction on it to confirm that short the bounces is today's play again
[09:49] {Threei} UAUA down full buck from 10
[09:50] {lisa_jay} Yup...
[09:50] {Onix} sniff-sniff
[09:51] {Threei} SPIR
[09:51] {Threei} POSTPONES Q3 FILING
[09:51] {Threei} - Delaying earnings announcement because it is evaluating the timing of revenue recognition with respect to a single multi-element contract with one customer and analyzing its impact, if any, on prior periods
[09:51] {Threei} hmmm
[09:51] {Threei} PETS
[09:52] {Threei} how is it one of strong stocks, LOL
[09:52] {dawg} .)
[09:53] {Threei} gosh, no even bounce to short into?
[09:53] {lisa_jay} DISCA
[09:58] {Threei} Long Setup: UAUA 9 break
[09:58] {Threei} scalp only
[09:58] {Threei} stop under .90
[09:59] {Threei} broke while I typed
[09:59] {Threei} not sure it's worth any chasing
[09:59] {Threei} Short Setup: INTC .29 if stays below .40
[10:00] {lisa_jay} UAUA got .10, thanks Vad.
[10:01] {Threei} welcome
[10:01] {peterg} morning krewe
[10:01] {Threei} peter :)
[10:01] {Threei} good to see our typing is rubbing off
[10:01] {peterg} thats new orleans for crew
[10:01] {Threei} makes us feel omnipotent
[10:01] {magoo} what does mrssage mean vad in laserr"self help"
[10:02] {dptl} s intc .28
[10:02] {Threei} ge5t out of UAUA if you still have any
[10:02] {magoo} ok out .28 TY boss
[10:02] {Threei} over 20 cents, quite ennough for this idiotic stock
[10:02] {lisa_jay} Gosh, UAUA really ramped up.
[10:02] {Threei} welcome mags
[10:03] {magoo} vad in laserr"self help"
[10:03] {Threei} self-help by NASDAQ against some other exchange/route,
[10:03] {dino} sm l mcd .50 trig
[10:03] {Threei} means there is a streetwide issue with that route
[10:03] {Threei} and NASDAQ cuts it off
[10:03] {Onix} ty Vad, i took quick .15 in uaua
[10:04] {dino} gj guys
[10:04] {Threei} good job guys
[10:04] {Onix} in INTC .28
[10:04] {Threei} INTC doesn't really react on NASDAQ upward move for now
[10:04] {Threei} if NQ revreses back down, should be a good one
[10:04] {lisa_jay} I am still in INTC.
[10:05] {Threei} if NQ continues recovery, most likely will be stopped sooner or later
[10:06] {Threei} banking on the idea that no recovery takes place beyond two quick inhales today, lol
[10:06] {Threei} banking = betting
[10:07] {Threei} cover halfat 1;1
[10:07] {Threei} not a scalp trade for me
[10:07] {lisa_jay} stop to Vad?
[10:08] {dptl} where did you cover half Vad?.19
[10:08] {Threei} didn't get hit, tried .17
[10:08] {dptl} oh...yeah same here
[10:09] {dino} wow rimm 39 area
[10:09] {Threei} lisa, I'll keep it at original level for now, if uncomfortable - trail it to .36
[10:09] {dino} the consumer is dead
[10:09] {Threei} oh boy
[10:09] {Threei} I just noticed dino
[10:09] {dino} only thing selling are dollar menu burgers
[10:09] {Threei} who would have thought
[10:10] {Threei} RIMM in 30s? sheesh
[10:11] {Threei} don't dop that to us INTC
[10:11] {Threei} CIT
[10:11] {Threei} APPLIES TO BECOME BANK HOLDING COMPANY
[10:12] {Threei} - Concurrently, CIT Bank, a Utah-based wholly-owned subsidiary of CIT, filed an application to convert its charter from an industrial bank to a Utah State Bank. CIT has also submitted an application to participate in the U.S. Treasury's Capital Purchase Program (TARP), conditional upon being granted status as a bank holding company by the Federal Reserve.
[10:13] {dino} i'm confused, how will the weak get takenover if everybody gets tarp?
[10:13] {Threei} (US) PRES BUSH: IMF AND WORLD BANK NEED TO BE REFORMED TO REFLECT CURRENT REALITIES
[10:13] {Threei} - Calls for further accounting rules that increase transparenc
[10:14] {Threei} out INTC
[10:14] {dawg} stopped INTC
[10:14] {Onix} stopped INTC
[10:14] {Threei} (US) TREASURY'S MCCORMICK: SEC PAULSON AND PRESIDENT-ELECT OBAMA ARE WORKING CLOSELY ON TRANSITION
[10:14] {dptl} stopped intc.....
[10:15] {Threei} cimilar announcements gave strong moves to a few stocks recently
[10:15] {magoo} l rimm .69
[10:15] {Threei} yesterday's FTBK move is most recent example
[10:16] {magoo} sorryu fast
[10:16] {dawg} in RIMM small shares
[10:16] {Threei} not sure why CIT is so meek
[10:16] {magoo} out here .91
[10:17] {dino} mcd stop to .25
[10:18] {Threei} CIT could be a climber
[10:18] {dawg} out RIMM .38
[10:18] {magoo} nice dawg..entry?
[10:18] {dino} out mcd .25, +.75
[10:19] {Threei} good job guys
[10:19] {lisa_jay} nice going guys.
[10:19] {Onix} well done guys
[10:19] {dawg} Thanks magoo got in late at .01
[10:19] {magoo} good job
[10:19] {magoo} ideally..we need a good pullbk..thgen ramp up
[10:19] {dawg} Thank you sir great call
[10:20] {magoo} hard to chase here
[10:20] {Threei} anyone went for CIT?
[10:20] {dawg} following you along on this magoo
[10:20] {Threei} was pure momo play, no tech nicals to it
[10:20] {lisa_jay} Nope.
[10:20] {Onix} nope
[10:21] {dino} clf sm l .75, stop .33
[10:22] {Threei} some serious enthusiasm
[10:22] {Threei} market seems to be trying to form that double bottom
[10:22] {magoo} we really need a pullbk..missed all these
[10:22] {Threei} all of a sudden it starts looking like buy pullbacks day
[10:23] {Threei} UAUA... jeez
[10:24] {Threei} RGEN??
[10:24] {magoo} lil market lil market..let me in...no chance magoo...u gotta chase RIMM
[10:24] {Threei} here is pullback mags
[10:25] {magoo} well..i want to see how dep too
[10:25] {magoo} deep
[10:25] {Threei} what the heck was that on RGEN
[10:26] {Threei} no news that I see
[10:27] {Threei} .50 break RIMM if holding above .30
[10:27] {dptl} dis? long at .70?
[10:28] {muddleheaded} Took a chance on SOLF after it bounced, hit my trailing stop, then went even further. Thanks Vad.
[10:28] {dino} clf stopped
[10:28] {KSystems} dino: What does it mean when you write "sm"? Is that stop market or small size?
[10:28] {Threei} worth a try dp
[10:28] {magoo} small size
[10:28] {Threei} if holding above .60
[10:29] {Threei} mudd, good job
[10:29] {dino} 300 shares
[10:29] {dptl} ok ty
[10:29] {magoo} l=long
[10:29] {magoo} sh=short
[10:29] {magoo} speed reasons
[10:30] {magoo} half lot=500 sh
06[10:30] * magoo slaps laserdave1 around a bit with a large trout
[10:30] {KSystems} thanks
[10:30] {magoo} and slap=slap
[10:30] {Threei} HEDGE FUND MANAGER SOROS: DEEP RECESSION IS INEVIATBLE, POSSIBILITY OF DEPRESSION CAN NOT BE RULED OUT
[10:30] {Threei} Soros?
[10:30] {dawg} in RIMM .51
[10:30] {lisa_jay} Rimm went right trhough .50
[10:31] {Threei} ok guys, this is hard call for me to make
[10:31] {Threei} but I have to
[10:31] {Threei} Long Setup: INTC .75 if holding above .60
[10:31] {magoo} rimm area breath .71
[10:31] {magoo} FULL vad
[10:31] {dawg} holding magoo for .71?
[10:32] {magoo} see RIMM will pop to an area than breathe
[10:32] {dawg} OK
[10:32] {magoo} then pop thru area then breathe
[10:32] {dawg} out .71 RIMM
[10:32] {magoo} safer to layout and babnk then reenter
[10:32] {magoo} scalpers regret sure..but safer
[10:33] {Threei} even if this setup on INTC is invalidated, mood is changing a bit here
[10:33] {dawg} I see thanks magoo
[10:33] {magoo} it may hit .30 area here
[10:33] {magoo} cant chance it
[10:33] {Threei} INTC warned, and went green, and market stages something rally like?
[10:33] {ese} for the bettervad.......
[10:33] {dawg} follow that
[10:33] {ese} is that what your sensing
[10:33] {Threei} yes ese
[10:33] {magoo} dawg see RIMM
[10:33] {Threei} positive reaction on bad news
[10:34] {magoo} 29
[10:34] {magoo} thats hard breather
[10:34] {ese} indeed.......thats what i'm seeing as well
[10:34] {dawg} just like you said magoo
[10:34] {Onix} stopped DIS
[10:34] {magoo} now it could literally go green today...but its a rough ride
[10:34] {dptl} stopped dis.. .....taking a break......
[10:35] {magoo} so we scalp it 10 times
[10:35] {dawg} rough ride magoo?
[10:35] {magoo} well..as in here
[10:35] {dawg} I see
[10:36] {magoo} u in .50..now losing but had .71...then it resumes and takes 41...then breathes hard to 40.50
[10:36] {magoo} then goes 41.50
[10:36] {magoo} see
[10:36] {magoo} rough ride
[10:36] {magoo} cant blow stops cause ive had rimm KILL me 7 points
[10:36] {dawg} got it follow that when you spell it out like that old dog new tricks
[10:37] {magoo} funny..u reference dog alot dawg he he
[10:37] {dawg} 7 points jesus that would kill me for good
[10:37] {magoo} see now, rimm would be killing u here
[10:37] {lisa_jay} Thanks Magoo. Learning too.
[10:38] {magoo} we call these wild animals..so if vad or i say "its a wild animal..or hartd btreather" this is example
[10:39] {dawg} alright learning a lot here never would have guessed breather
[10:39] {Threei} lol
[10:39] {dino} sm pru l .75, stop .43
[10:39] {Geo} then dino has his pulps
[10:41] {muddleheaded} Look at the candles on ZINC. Who would buy that?
[10:42] {Threei} thin stock...
[10:42] {Threei} people with unsophisticated brokers get all kinds of screw-ups
[10:42] {muddleheaded} One million shares.
[10:42] {Threei} look at level2
[10:42] {dino} lol geo
[10:43] {dino} comp -
[10:44] {magoo} dawg lisa..one more thing
[10:44] {dawg} yes
[10:45] {dino} pru stopped -.33
[10:45] {magoo} if we say lay it out or waiting at..that means put sell out ahead like .71...in laser ..lots of fills i never see the lev 2 print..just BAM OUT
[10:45] {lisa_jay} ok, thanks
[10:45] {dino} hey mr. kotter, zip it
[10:45] {Geo} yeah learn that one from magoo
[10:46] {Geo} learnt
[10:46] {dawg} yes have to switch from interactive brokes to laser magoo
[10:46] {Geo} throw offers in as soon as hit
[10:46] {magoo} if i had rimm here .80..id be out there already at 41.12
[10:46] {dino} dji -
[10:46] {dawg} damn that is fast
[10:46] {magoo} breaks thru hits fast..then it falls back to 40.50
[10:46] {magoo} good trade if your fast..if hesitate u lose and hate me lol
[10:47] {dawg} RIMM is good scalping stock correct?
[10:47] {magoo} its a dangerous stock
[10:48] {magoo} btw..i saw .11 printsa
[10:48] {Onix} not a good morning for me, but now I off to work. Best of luck everybody. Bye
[10:48] {dawg} btw..i saw .11 prints?
[10:49] {magoo} just saying my example worked
[10:49] {dino} cya onix
[10:49] {lisa_jay} bye onix
[10:49] {dawg} ah got it
[10:49] {magoo} no more trading talk
[10:50] {dawg} Thanks magoo for your time
[10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:50] {dawg} lol
[10:50] {Chaeron} Good morning all
06[10:50] * magoo slaps Chaeron around a bit with a large trout
[10:51] {Chaeron} thx:)
[10:51] {magoo} [10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:51] {magoo} [10:50] {dawg} lol
[10:51] {magoo} 10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:52] {Threei} chaeron :)
[10:52] {magoo} sigh..no response from either lol
[10:52] {Threei} dino... do we oblige?
[10:53] {Threei} or do we ignore and make him suffer?
[10:53] {dino} ignore him
[10:54] {dino} and magoo....
[10:54] {Geo} ah come one
[10:54] {Geo} one
[10:54] {lisa_jay} UAUA breaking 10
[10:54] {Geo} ON
[10:54] {Geo} he was helping people out
[10:54] {Geo} i vote for you magoo !!!
[10:54] {lisa_jay} C&H Vad, not trading - education only.
[10:56] {Threei} yes lisa
[10:58] {peterg} In the end or the world, all stocks will be selling for under one dollar
[10:59] {Threei} rofl
[10:59] {Threei} peter
[10:59] {Threei} you quoted me almost literally,
[10:59] {Threei} back in 2002
[10:59] {peterg} a vadish thought hm
[10:59] {Threei} I said we will buy big when everything is under 10
[10:59] {Threei} what do you know
[10:59] {peterg} wow-
[10:59] {Threei} that worked
[11:00] {Threei} *DOE CRUDE: +22K V 500KE; GASOLINE: +1.9 MV +500KE
[11:00] {peterg} my poor father has a big position in GE; fortunately good pension, too
[11:01] {peterg} getting poorer
[11:02] {peterg} an example of the long term trader; always long term, never sell
[11:02] {peterg} though I have influenced him; he held ford for two weeks and sold for $300 profit.
[11:02] {dino} deck sm risky gappy l .92
[11:03] {muddleheaded} Made a bit more on a SOLF pullback. Do you remember what IntellIscan alert showed SOLF Vad?
[11:03] {magoo} we really need mkts to bounce here ..its time
[11:04] {Threei} none mudd
[11:04] {Threei} this play came in a roundabout way
[11:04] {Threei} scanner showed spike on SOLR
[11:05] {hawkfan4} LVS .49, stop .40
[11:05] {Threei} I looked at other solars
[11:05] {Threei} and liked SOLF for the bounce
[11:05] {muddleheaded} Oh, a sector play. Thanks.
[11:05] {Threei} right
[11:07] {Threei} waiting out this period
[11:07] {Threei} gotta get something more certain
[11:08] {dino} deck stopped -.42
[11:09] {muddleheaded} Mr. Market is drunk today.
[11:09] {dino} hit/miss day
[11:09] {dino} dji approaching lod
[11:10] {dino} mcd sm l .50
[11:12] {dino} deck gbig rinse\
[11:13] {dino} typos
[11:13] {dino} pru sm l .50
[11:14] {hawkfan4} Vad, CIT pullback interesting ?
[11:15] {Threei} can't tell hawk
[11:15] {Threei} it's a momo play
[11:15] {hawkfan4} yeah, can't get a feel for it yet
[11:15] {Threei} they rarely follow technical patterns, more like a matter of whether momo returns or dies
[11:15] {dino} pru stopped done w/it it's broken
[11:22] {hawkfan4} stoped LVS -.10. had 2:1 but froze like a deer in mags headlights
[11:22] {lisa_jay} Moves were very choppy in LVS.
[11:23] {lisa_jay} Was watching it to learn after you called it out.
[11:23] {dawg} so was i just to fast and missed it hawk
[11:24] {Chaeron} wow... gas $1.72 in GA
[11:24] {wishbone} spoke w/ shaw....problem excessing sites nationally
[11:25] {Threei} yes... that's what we alerted about premarket
[11:25] {wishbone} i see you guys are using laser yet i canot log in....just wondering what could be issue?
[11:25] {Geo} is secure unchecked
[11:25] {Geo} ?
[11:25] {Threei} did you modify the executor IP}
[11:25] {Threei} ?
[11:25] {lisa_jay} Hawk, LVS was a JBE right? If so what an explosion.
[11:25] {wishbone} yes
[11:26] {Threei} to 15905
[11:26] {wishbone} yes
[11:26] {Threei} call dave then and get him to fix
[11:26] {wishbone} ok ty
[11:26] {Threei} and don't forget to slap him with trout
[11:26] {hawkfan4} whippy fast moves, not my strength, yep lisa, if i had vad's finger speed it would've worked
[11:35] {dino} eqix
[11:36] {Threei} CHYRSLER CEO: WE NEED A PLAN IF CHYRSLER IS TO "GO IT ALONE," FORECASTS US AUTO SALES AT AN ANNUALIZED RATE OF 11M IN NOV-DEC PERIOD
[11:38] {Threei} I don't get it
[11:38] {Threei} CEO says they need a plan?
[11:38] {Threei} who does he expect to design a plan for him?
[11:39] {muddleheaded} A bailout plan given to him.
[11:39] {Threei} watching FMCN pullback
[11:39] {Threei} will be interesting near 7
[11:42] {Threei} didn't go that low
[11:42] {Threei} let's try it this way then
[11:42] {Threei} Long Setup: FMCN .23 if holding above .10, half lot
[11:45] {dino} wcg bloody
[11:47] {dawg} in FMCN
[11:48] {dawg} .24
[11:48] {lisa_jay} MISSED
[11:48] {lisa_jay} sorry caps
[11:52] {Threei} feel free to take prfoit as you see fit
[11:52] {Threei} market is jerky
[11:53] {lisa_jay} yup
[11:53] {Threei} and FMCN is wounded stock
[11:53] {dawg} scalping FMCN Vad?
[11:53] {Threei} I think so
[11:53] {Threei} maybe do this:
[11:53] {Threei} stop to right under .30,
[11:53] {Threei} and see if it breaks that .34 offer
[11:53] {Threei} it does, great
[11:54] {Threei} it loses .30, just take little scalp and let it be
[11:54] {dawg} OK .34 is where I am offering
[11:55] {dawg} out taking .28
[11:55] {dawg} Thanks Vad good call
[11:55] {Threei} welcome,
[11:55] {Threei} watch that big offer chasing it down
[11:55] {Threei} it may indicate new entry when taken
[11:56] {dawg} OK
[11:56] {magoo} dino and i were discussing
[11:57] {Threei} beer or beer with vodka?
[11:57] {magoo} mkt wants uop..but its to wimpy
[11:59] {dino} we could freeze it again w/ a bet
06[11:59] * magoo slaps dino around a bit with a large trout
[11:59] {magoo} STOP IT RIGHT THERE
[12:02] {dino} pru sm l .50 trigger, wide
[12:06] {dino} no trig
[12:10] {Threei} sheesh... even simple talk about your bet has stopped market dead in its tracks
[12:11] {dino} lol
[12:11] {dino} if we could only harness the power for good
[12:14] {Threei} yes you can!'
[12:15] {Threei} let Obama know you can freeze the market... you will be hired on a spot
[12:16] {Threei} charge 0.0001% of the amount market DIDN'T lose on each given day, you are insanely rich
[12:21] {dino} 8.174 was oct 28th low
[12:21] {Threei} very hard to say whether we are back to selloff pattern or this is just a trap
[12:21] {dino} 8,143 10/27
[12:22] {magoo} surprise surprise
[12:22] {magoo} mkt blows again
[12:28] {Threei} have you noticed how happy and firsky market becomes on rally attempts
[12:29] {Threei} and how slow and depressed it is when downward resumes... kid of hangs its head with sigh, "what, again?... whatever..."
[12:33] {Threei} good comment somewhere yesterday:
[12:34] {Threei} Fed is not trying to catch falling knives. Fed is trying to cath falling piano
[12:34] {muddleheaded} NETC possible bounce with tight stop.
[12:34] {Threei} FMCN at 7
[12:35] {Threei} market turns, buy first strrength with ridiculously small stop
[12:36] {Threei} US SEN DODD: US TREASURY REJECTED A PLAN OFFERED BY THE FDIC'S BAIR, CALLS ACTION 'REGRETTABLE' AS HOMEOWNERS NEED ASSISTANCE
[12:40] {dawg} in FMCN .05
[12:40] {dawg} stop .99
[12:41] {dawg} small lot
[12:42] {lisa_jay} I got in at .01 - stopped out a .03 :-)
[12:42] {Threei} huh?
[12:42] {Threei} wow
[12:42] {dawg} what the..
[12:42] {Threei} you take concept of tight stop to the extreme :)
[12:43] {Threei} along with concept of trailing it
[12:43] {lisa_jay} Yeah...well you did say tight stop...I had .99 as stop 1:1 :-)
[12:43] {Threei} .99 is good
[12:43] {Threei} but 2 cents profit... unless you had 20K shares...
[12:43] {lisa_jay} I wish.
[12:44] {dino} lisa, pick your $ pain and simply adjust size
[12:45] {lisa_jay} Ok, thanks Dino.
[12:46] {Threei} TM
[12:46] {Threei} REPORTEDLY PLANNING TO SUSPEND PRODUCTION AT A US PLANT DUE TO STRUGGLING SALES
[12:46] {lisa_jay} Still learning..so very small shares sizes right now.
[12:46] {dino} wow c at 8.60
[12:47] {dawg} stopped FMCN
[12:47] {dino} lisa, if very small then give yourself chance to make $, widen stop so not rinsed all over
[12:48] {dino} tight stops are for big shares, imo
[12:48] {lisa_jay} will try that Dino...I get stopped out very often. Only using bigger sizes for Vad's calls.
[12:49] {lisa_jay} Shares that is.
[12:49] {Geo} sp approaching oct 10 low
[12:49] {Threei} are stats better for those?
[12:49] {lisa_jay} :-)
[12:49] {dino} uh oh, broke
[12:49] {lisa_jay} Yes they are.
[12:50] {Threei} why trade anything else at this stage then?
[12:50] {lisa_jay} Sigh. I kow.
[12:50] {Threei} stick with what is working, widen your scope later wqhen you advance on a learning curve
[12:51] {dino} 8100 broke
[12:51] {Threei} NASDAQ lost lows too
[12:51] {dino} 7880 coming??
[12:51] {Threei} it's just 300 points away
[12:51] {Threei} what's 300 points thesae days?
[12:51] {dino} could happen by 2:00
[12:52] {Threei} ok... let's hunt for a bounce to ahort into
[12:52] {Threei} watching ADBE
[12:54] {Threei} what bounce market says
[12:54] {Threei} we had a shot at nice bullish sign when market went green on INTC bad guidance... didn't utilize it,
[12:55] {Threei} more downside's coming, unless we stage stunning reversal TODAY
[12:55] {Threei} abyss looks back at market
[12:55] {Chaeron} dino likes 7000
[12:56] {dino} don't like it, just obvious target
[12:57] {Chaeron} didn't mean "like like" I meant... oh nevermind :)
[12:58] {dino} :)
[12:58] {dino} cme under 200
[12:59] {dino} 714-198
[12:59] {dino} -301 dji
[13:02] {Threei} ADBE into this bounce
[13:03] {Threei} can't nail exact price
[13:03] {dptl} s .22
[13:04] {dawg} in .26
[13:04] {Threei} stop above .30
[13:04] {Threei} can take a few tries
[13:05] {dptl} stopped
[13:05] {dawg} stopped
[13:06] {Threei} got .34
[13:06] {dawg} got .31
[13:08] {Threei} come on market
[13:08] {Threei} behave
[13:08] {Chaeron} Pres Bush to speak on Wall Street in an hour
[13:08] {dawg} stopped
[13:08] {Threei} grrr
[13:08] {dawg} ADBE
[13:09] {dptl} yeah...stopped again...
[13:09] {lisa_jay} Did not take...
[13:10] {dawg} got .46 for last try small lot
[13:11] {Chaeron} .47 and not confident... got that 2x4 Vad?
[13:12] {Threei} swinging as hard as I can
[13:13] {Chaeron} just enter your short first
[13:14] {Threei} disgusting
[13:14] {Threei} can't go long, can't short
[13:14] {dawg} stopped ADBE
[13:15] {lisa_jay} -0.8
[13:15] {Chaeron} stopped -.13
[13:15] {dptl} damn it 3 out of 3 stoppes
[13:15] {dawg} - 10 cents
[13:15] {dino} fcx, clf, kbr, and dow holding fairly well
[13:15] {dino} ice too
[13:18] {magoo} so whjat u think of this vad?
[13:19] {Threei} I try not to
06[13:19] * Geo thinks he needs a vacation
[13:19] {Threei} this is mess, not trading
[13:19] {magoo} pretty strong bounce
[13:20] {Geo} [09:55] {Threei} more downside's coming, unless we stage stunning reversal TODAY
[13:20] {Geo} hmmmmmm
[13:24] {dino} gut call, we close hod's
[13:24] {lisa_jay} Yes, feel the same...could see one of those ramp ups.
[13:26] {Threei} well... if that materializes, UAUA is likely to go to about 9.50
[13:27] {Threei} and ADBE to 22.30
[13:27] {dino} adbe had good channel checks
[13:27] {Threei} timing of entry is beyond difficult
[13:28] {dino} yes, and i could be wrong
[13:28] {dino} coin flip
[13:28] {Threei} spike
[13:28] {Threei} 9 break I guess UAUA
[13:29] {dptl} l .04 uaua
[13:30] {Geo} in .02
[13:30] {Threei} half out closer to .20
[13:30] {Threei} sold half
[13:31] {magoo} nice
[13:31] {Geo} sold half .19
[13:31] {Threei} this one was relatively easy
[13:31] {Threei} ADBE, I never saw any infdication for entry
[13:32] {Threei} 1/4 more out .28
[13:33] {Threei} offering last portion .45
[13:33] {Geo} beauty vad....
[13:33] {Geo} good lesson on not giving up
[13:33] {Threei} careful...
[13:33] {Threei} lwest people advise us get a room
[13:34] {Geo} out
[13:34] {Threei} why would I give up
[13:34] {Threei} what happened so extraordinary
[13:34] {Geo} :)
[13:34] {Geo} lesson for me
[13:34] {Geo} 5 stops today
[13:35] {Threei} non-working short ADBE - alerted from the get go this kind requires multiple tries
[13:35] {Threei} so I was ready for that,
[13:35] {Threei} and if you remember, regular warning is
[13:35] {Threei} don't touch it unless willing to take a few stops
[13:35] {Geo} yup
[13:36] {Geo} new break entry valid?
[13:36] {Threei} I just wish I could get an entry on a long side on it
[13:36] {Threei} break on what?
[13:36] {dino} only 250 to go
[13:36] {Geo} 35 uaua
[13:36] {Geo} pullback
[13:37] {Threei} UAUA is not really breakout stock...
[13:37] {Geo} k
[13:37] {Threei} dp, you alive out there?
[13:37] {Threei} don't forget top breathe
[13:38] {dptl} lol...bearly.....still have 100 uaua
[13:38] {Threei} "bearly" - can you tell he is Russian?
[13:38] {dino} gj
[13:38] {Threei} we spell everything through bear... bear, bread, even vodka
[13:39] {Threei} beer
[13:39] {Threei} hit .45
[13:39] {dptl} also long sd at .08
[13:39] {magoo} UNREAL
[13:39] {Threei} whew
[13:39] {magoo} going green
[13:39] {Threei} +.18, +.27 and +.44
[13:40] {muddleheaded} Vad, a quick question. I got in NETC after the bounce, but I have no idea were to put a stop. .
[13:40] {Threei} what price are you in?
[13:40] {muddleheaded} $4.95
[13:41] {Threei} I'd sell half here and trail to under 5
[13:41] {muddleheaded} Thanks.
[13:43] {Threei} US SEN DODD: NO GOP VOTES SEEN FOR THE BAILOUT OF AUTOMAKERS
[13:44] {Threei} I still don't get it
[13:44] {Threei} paint me stupid
[13:44] {Threei} but I can't understand how the bailout can be structured so it doesn't turn into line of bailouts
[13:44] {Chaeron} looking for that color.....
[13:44] {Threei} they lack operating cash
[13:44] {Threei} or about to run out of it
[13:45] {Threei} you give them 25B, they burn through it in a few months
[13:45] {Threei} what's next?
[13:45] {Chaeron} give them moe
[13:45] {Chaeron} more
[13:45] {dino} dji+
[13:45] {Threei} what is going to change so they become sustainable during that time?
[13:45] {dino} only 90 to go
[13:45] {magoo} WOWWWWWWWWW
[13:45] {Chaeron} exactly... let them fail
[13:46] {dino} that gut on mine...........
[13:46] {dino} of
[13:46] {Threei} well, that doesn't look like an option either, with 3 mil jobs on line
[13:46] {Geo} keep feeding that gut dino
[13:46] {Threei} that's one good gut dino
[13:46] {dino} lol
[13:46] {Threei} make sure you take good care of it
[13:46] {Geo} can we habe subscriptions based on dino's gut?
[13:47] {Threei} increasing in size as dino gains weight?
[13:47] {Geo} maybe a red green gut blinker in the chatroom
[13:47] {Geo} yes
[13:48] {Threei} ADBER hot target too
[13:48] {dino} lol
[13:48] {Threei} hit
[13:49] {muddleheaded} Rest of NETC at $5.11. Thanks Vad.
[13:50] {Threei} your play...
[13:50] {Threei} I just blabbed around
[13:50] {muddleheaded} Your advice :)
[13:53] {Threei} WMT CEO: HAS NOT SEEN EXTERNAL ENVIRONMENT LIKE THIS IN 8.5 YEAR EXPERIENCE AT COMPANY
[13:54] {Threei} does it mean he never ventured outside of WalMart in 8 and half years?
[13:54] {Threei} green
[13:55] {Threei} I am at loss of speech
[13:55] {dino} rock 'n roll fcx
[13:55] {Threei} let's close green today, gain some serious volume in last couple hours, and we are in for a nice rally
[13:55] {magoo} green...nope wait red...um,nope green
[13:56] {Threei} come on magoo... you have direct view of dino's gut
[13:56] {Threei} just tell us
[13:56] {magoo} cant bear it
[13:56] {Threei} US SEN GRASSLEY TO PROPOSE HEDGE FUND LEGISLATION IN 2009
[13:56] {Threei} hmm?
[13:57] {Threei} is it hedge funds that are a problem?
[13:57] {lisa_jay} bush on
[13:57] {dino} not really.
[13:58] {dino} the banks/brokers/etc, house of cards
[13:58] {Threei} that's what I thought
[13:58] {Threei} why would they ligislate hedge funds at this point
[13:59] {dino} think about it, mutual funds selling too, and they are 100x's bigger and more
[14:00] {Threei} OCT MONTHLY BUDGET STATEMENT: -$237B V -$200BE
[14:00] {magoo} i feel bad for the hedge funds ..innocent victims
[14:00] {Threei} with short ban they found themselves in impossible position
[14:01] {Threei} US TREASURY HAS REPORTEDLY PURCHASED APPROX $21B OF AGENCY MORTGAGE BACKED SECURITIES IN OCT
[14:01] {dino} if george would get off tv we would rock
[14:01] {Threei} weren't we told yesterday they wouldn't?
[14:02] {Geo} comeone dino
[14:02] {Geo} be nice to the outgoing chief
06[14:02] * Geo hoping for a salty response
[14:02] {Threei} FED'S PLOSSER: TECHNICALITIES SURROUND A SUB 1.0% FED FUNDS RATE, THERE WOULD BE OTHER DIFFICULTIES IN TAKING THE RATE TO 0%
[14:03] {Threei} so, technical.ities aside zero rate is decided on?
[14:04] {magoo} turn up the TUNES dino
[14:04] {magoo} luvin' it
[14:04] {dino} i did
[14:04] {dptl} lol...brothers eh....
[14:05] {magoo} beasty boyz"sabotage"..luv it
[14:05] {Threei} I just got an e-mail calling me to Say "NO" to erectile dysfunction
[14:05] {Threei} ok
[14:05] {Threei} NO
[14:06] {magoo} hbtw..i paid up my bet..meatluvrs pizza
[14:06] {dino} your wife sent it to you
[14:06] {Geo} cheron.... stop sending spam
[14:06] {magoo} ROFLOL
[14:06] {dptl} that means pfe long Vad?
[14:06] {magoo} could u imagine having to sleep with vad?? UGGGG
[14:06] {Threei} I don't know dp... I just do what I tolds... I said NO as they asked
[14:07] {dptl} :)
[14:07] {magoo} this mkts coiling BIG TIME 500 up
[14:08] {peterg} so...got a suggestion?
[14:08] {peterg} for play?
06[14:08] * magoo slaps peterg around a bit with a large trout
[14:08] {Threei} (US) PRESIDENT BUSH: THE GLOBAL ECONOMY FACES THE POSSIBILITY OF TOTAL MELTDOWN
[14:08] {peterg} I get it
06[14:08] * peterg slaps magoo around a bit with a large trout
[14:08] {Threei} magoo sure is playful, peter
[14:08] {peterg} right
[14:08] {magoo} [14:06] {magoo} could u imagine having to sleep with vad?? UGGGG
[14:09] {Threei} hey
[14:09] {Geo} wot?????/
[14:09] {dino} fcx stop to .38
[14:09] {Geo} we need serious editing
[14:09] {Threei} some happen to think I look very distinguished
[14:09] {Geo} hmmmm
[14:09] {Geo} do you pay their allowance?
[14:09] {peterg} look like admiral
[14:09] {magoo} aapl lo RISKY
[14:09] {peterg} admiral vad
[14:09] {Threei} lol
[14:10] {Threei} always wanted to try pipe
[14:10] {dino} Avad for short
[14:10] {magoo} out .near 91
[14:10] {magoo} there peterg
[14:11] {peterg} wiw
[14:11] {peterg} wow
[14:11] {magoo} [14:09] {magoo} aapl lo RISKY
[14:11] {magoo} was at .35
[14:13] {muddleheaded} Does anyone get Trader Monthly magazine? I got my first free copy today in the mail.
[14:14] {dino} no
[14:14] {magoo} reason i'm posting alot today is laserdave is twisting my arm..post or u are dead
[14:15] {Geo} wow
[14:15] {Geo} i thought he was a nice guy
[14:17] {Threei} Bush is giving a philosphy/history speech on free markets
[14:17] {Threei} nothing about today's measures
[14:17] {Threei} so I gues market can start trading on its own
[14:18] {Threei} hard to believe how much he aged
[14:22] {Threei} 9.60 UAUA
[14:22] {Threei} long if stays above .50
[14:23] {magoo} l rimm 7
[14:23] {dptl} l .63uaua
[14:24] {dino} 50 pts to go
[14:24] {magoo} out .912
[14:26] {Threei} over 1;1
[14:26] {Threei} out .79
[14:26] {dino} 30
[14:26] {dptl} out.79 ty
[14:26] {Threei} :)
[14:26] {Geo} all out .85
[14:27] {dino} gj
[14:27] {jmb} thanks
[14:27] {lisa_jay} Got .22 thanks Vad.
[14:27] {Threei} lisa :)
[14:27] {dino} fcx stop to .50
[14:27] {Threei} welcome guys
[14:27] {Threei} life sure becomes easier when clear trend appears
[14:27] {Geo} lord vader..... is leading the charge
[14:27] {Threei} day suddenly looks much brighter
[14:28] {dino} vlad the impaler
[14:28] {Geo} nope
[14:28] {Geo} remembr the email dino
[14:28] {dptl} out sd +.65...whuuuu positive now:)
[14:28] {dino} bammmmmmmm! hod dji
[14:29] {dino} hows that for a 400pt call
[14:29] {Threei} nice dp
[14:29] {Threei} beautiful one dino
[14:29] {dino} gj dp
[14:29] {dino} fcx to .97
[14:29] {dptl} ty...tought day...but survived :)
[14:30] {lisa_jay} Dawg?
[14:31] {dino} mcd stop to .19
[14:31] {Threei} what incredible turns of events almost on daily basis
[14:32] {muddleheaded} Do you think we will have another reversal?
[14:32] {dino} out mcd +.70
[14:32] {lisa_jay} Finally, Bush speaks and market ramps up.
[14:33] {Threei} mudd... honst to god, I have no idea what to think
[14:33] {Threei} things change on a dime, and the sheer scale of changes is enough to put to shame anyone who tries to put on any kind of prognosis
[14:33] {Threei} except dino's gut
[14:33] {Threei} that works like charm
[14:34] {muddleheaded} Looks like 15 min candle topping tail on NQ.
[14:34] {muddleheaded} Time for QID?
[14:34] {dino} out fcx +1.43
[14:35] {peterg} omigod
[14:35] {peterg} wtg
[14:35] {lisa_jay} nice Dino
[14:35] {dino} ty, lucky
[14:35] {lisa_jay} :-)
[14:36] {magoo} mudd, u gottawatch AAPL and GS as mkt tells
[14:37] {dino} hl l dow .80
[14:38] {magoo} l rimm here .34
[14:38] {magoo} so dam fast to post
[14:38] {muddleheaded} Thanks magoo.
[14:39] {magoo} out 66
[14:39] {magoo} and QQQQ
[14:39] {magoo} RIMM prob go green..risky
[14:39] {dino} anyone for +400 dji
[14:39] {Threei} INTC is nicely green
[14:40] {lisa_jay} Indices carving out a hammer today. Nice.
[14:47] {dino} pout pru .60, +1.10
[14:48] {dawg} Dawg was in the pound Lisa
[14:48] {Threei} almost 100 points NQ from the bottom
[14:48] {lisa_jay} :-)
[14:48] {dptl} lol Dino nice......luky i guess :)
[14:48] {dptl} lucky
[14:49] {dino} lucky is right
[14:49] {dawg} wtg Dino wow
[14:49] {dino} dow wall of china at .00
[14:49] {dino} stop to .90
[14:49] {peterg} pretty soon dino's driver shows up for him in the limo
[14:50] {dino} stopped dow +.10
[14:50] {dino} sm l cedc .30
[14:50] {dino} risky one
[14:51] {Threei} that's sensible play dino... traders will sure order a lot of vodka today after mrket
[14:51] {dino} lol
[14:51] {dino} lagging, so thought worth a "shot"
[14:52] {dptl} it' polish though isn'it ....cedc
[14:52] {lisa_jay} might slow down now..marke
[14:53] {muddleheaded} Vad are you thinking of holding anything overnight after all this?
[14:53] {dino} cedc stop is .97, don't get hurt by it
[14:54] {dino} dp, no allentown area v=based, distributor in poland russia, etc
[14:54] {Threei} no mudd
[14:54] {Threei} things are too volatile for that
[14:54] {muddleheaded} O.K.
[14:59] {magoo} vad..u in anything?
[14:59] {Threei} no
[14:59] {dino} is there anything better than making $, listening to good music, and watching the cowboys cheerleaders all ot the same time?
[15:00] {lisa_jay} lol
[15:00] {peterg} could add ribs and vodka, but might mess up keyboard
[15:00] {peterg} and judgement
[15:00] {dino} lol, i guess there is...good point
[15:01] {Threei} keyboard is worth consideration
[15:01] {lisa_jay} bloomberg - Paulson will be on at 3:40.
[15:01] {dino} why not wait until close, these guys are clueless
[15:02] {muddleheaded} Is Paulson the ringleader of this circus?
[15:02] {peterg} jawbone of an ass
[15:02] {dino} one of many
[15:02] {dino} but come on, he should know that's 20 min. before close
[15:02] {dino} cedc stopped -.33
[15:03] {muddleheaded} Maybe Paulson changed his mind again.
[15:03] {peterg} what, help the little guy?
[15:03] {muddleheaded} Leave it all for the next guy to fix.
[15:04] {peterg} NYT said in editorial he ws conspicuously absent from yesterday annountcment
[15:04] {Threei} interesting thing about today:
[15:04] {magoo} paulsen just used fed $$ to short mkts..getting killed so wants totalk it down
[15:04] {peterg} about helping individuals
[15:04] {Threei} lawmakers backed off pushing sutoindistry immediate help
[15:04] {Threei} and market ramped up
[15:04] {dino} lol magoo
[15:04] {Threei} I have no idea whether it's connected in any way
[15:05] {dino} butterfly effect
[15:07] {magoo} cramers bullish here
[15:07] {Threei} lol
[15:07] {Threei} short all you can
[15:08] {muddleheaded} Mr. Market just fell off a cliff he was so drunk.
[15:08] {Threei} well
[15:08] {Threei} you have to give it credit
[15:09] {Threei} our drunkard fell off the cliff,
[15:09] {Threei} sobered up,
[15:09] {Threei} and climbed out
[15:09] {Threei} can you blame him that he decided to inhale couple shots to celebrate it,
[15:09] {Threei} and fell back a little?
[15:10] {Geo} vads all about poetic analogies these days
[15:10] {Threei} yup, drunkards falling off a cliff is very poetic
[15:10] {muddleheaded} Maybe if I was drunk i would understand this market better?
[15:10] {Threei} in their own way
[15:11] {Threei} mudd... say what??
[15:11] {Threei} all this time you tried to trade sober????
[15:11] {dptl} roflol
[15:11] {magoo} dp is roflol because he IS drunk and fell too
[15:11] {magoo} hiccup
[15:12] {Threei} come on man... read the first page of the manual
[15:12] {muddleheaded} I guess I didn't read all the trading room rules :)
[15:12] {Geo} comon vad one more call !!!! and ill be positive puhhhlease
[15:12] {Threei} bold font
[15:12] {magoo} how much ya need geo?
[15:13] {Geo} 150
[15:13] {magoo} ok
[15:13] {Geo} wierd day for me so not taking any of my own
[15:15] {dino} watching met, dow, wcg
[15:16] {Threei} watching GG
[15:18] {magoo} l aapl
[15:18] {magoo} 93
[15:18] {Threei} couldn't het entry timing, touch trader
[15:19] {lisa_jay} ?
[15:19] {Threei} GG
[15:19] {dino} cedc l .99
[15:20] {magoo} aapl stop .69
[15:20] {magoo} looking for 93.70-80- arrea
[15:22] {lisa_jay} adbe?
[15:23] {magoo} out here 70..+.70
[15:23] {magoo} GEO??
[15:23] {Geo} sigh
[15:23] {peterg} nice mags
[15:23] {Geo} i apologize magoo
[15:24] {lisa_jay} nice one Magoo
[15:24] {dino} gj
[15:24] {magoo} sheesh..i took it for u..my mullah too
[15:24] {Geo} heheheh
[15:24] {Geo} you should take a lot more too :)
[15:24] {dino} out cedc .23, slipped +.24
[15:24] {magoo} figured had no right to call it unless i place a bet
[15:24] {Geo} i have vad on highlight will add yo too
[15:25] {magoo} that WAS 70 cenbt
06[15:25] * magoo slaps Geo around a bit with a large trout
[15:25] {Threei} but I wear reflective hood geo
[15:25] {peterg} out cedc +..16, out too soon, tks dino
06[15:25] * Geo slaps magoo around a bit with a large trout
06[15:25] * Geo slaps Geo around a bit with a large trout
[15:25] {Geo} sorry
[15:26] {Threei} The stock market has now lost about $6.9 trillion dollars since the peak. This is almost 10 times the size of the $700 billion TARP program. This is seven times the value of all subprime mortgages that were in existence in the US (around $900 billion), six times the amount at the peak of the housing boom. All the mortgage debt in the US amounts to around 11 trillion. In our words, the stock market has now lost enough value to discount that 60% of the homeowners in the US with mortgages are going to default on their mortgage. Can you say overdone?
[15:26] {Geo} i thought the stock market is just a zit on the bond market
[15:26] {Geo} we loosing much there?
[15:27] {Onix} Hello there, I can't leave you guys alone for a few hours ... then you had to go and race the market upo like that in my abscence?
[15:28] {Threei} we hurried up while you were out onix...
[15:28] {dino} gj peter
[15:28] {Onix} suppose i mussed some great trades?
[15:28] {dino} geo, it is
[15:28] {Threei} couple
[15:28] {peterg} tks dinster
[15:28] {dino} and yes onix, you did
[15:28] {Threei} don't tell onix it was 19 trades for 2.30 average gain
[15:28] {Threei} or he will never leave again
[15:29] {dino} don't read the above onix, you will feel sick
[15:29] {Onix} you serious about that info Vad?
[15:29] {dino} dow l .80
[15:29] {Threei} I am void of sense of humor
[15:29] {lisa_jay} sigh...adbe up .25 since mentioning.
[15:29] {Onix} if so, all i can say is CONGRATULATIONS!!
[15:29] {lisa_jay} sorry up .50
[15:30] {Threei} humorless grim creature
[15:30] {dino} hum-dee-dum
[15:30] {dino} deow, tear down that wall
[15:30] {dino} dow
[15:31] {magoo} ONIX..roflol
[15:31] {magoo} u only misdsed about 4k
[15:31] {magoo} 550 point swing
[15:31] {Onix} totally unbelievable!
[15:32] {magoo} and easy $$..ferocous up
[15:32] {dawg} in GG .03
[15:32] {magoo} dino rubbed his belly chanting budda budda and....WHAM
[15:32] {Onix} came home for lunch, but have now lost all my appetite
[15:32] {patience} here dino, let me do that for you
[15:33] {dino} 13:25 area i called we close at hod's, we were down 300+
[15:33] {dino} patience, by all means
[15:34] {dawg} out 1/2 .28 + 25
[15:34] {lisa_jay} Nice Dawg.
[15:34] {dawg} Still in not looking good but thanks Lisa you hit some today
[15:35] {lisa_jay} Green but nothing sig.
[15:35] {dawg} baby steps like me
[15:35] {lisa_jay} Yup.
[15:35] {dawg} .}
[15:36] {dawg} stopped be last half GG
[15:37] {dawg} Thanks Vad got a few $
[15:37] {dptl} have a good evening all........and ty:)
[15:37] {Threei} dawg :)
[15:37] {Threei} take care dp
[15:37] {dawg} .}
[15:37] {dino} out dow .92, +.12, fl
[15:38] {dino} take care dp
[15:40] {dino} we got the +400 i asked about
[15:40] {Threei} was it 700 points range?
[15:41] {dino} 718
[15:41] {dino} +
[15:42] {dino} pru sm l .00 risky
[15:42] {Threei} unbelieavble
[15:45] {dino} 8.945 obama high dji
[15:45] {dino} going for 800 pt range
[15:46] {magoo} how low we go 3098
[15:46] {magoo} 309
[15:48] {dino} 322+/-
[15:48] {Threei} a bit labored fight here at the top'
[15:48] {Threei} understadably
[15:49] {dino} sometimes i expect too much
[15:51] {Threei} today was anything but boring
[15:51] {peterg} and made money too
[15:51] {Threei} icing on a cake
[15:51] {peterg} :)
[15:52] {Threei} oh, and dino watched cowboy cheerleaders
[15:53] {lisa_jay} Thanks Vad.
[15:53] {lisa_jay} Bye everyone.
[15:53] {Threei} lisa :)
[15:53] {peterg} bye lj
[15:54] {Threei} (US) TREASURY'S SEC PAULSON: STEPS TAKEN SHOULD STABILIZE FINANCIAL SYSTEM, MAY TAKE TIME - TV INTERVIEW
[15:54] {Threei} - Says consumer securitization has ground to a halt
[15:54] {Threei} - US automakers are "important to the country", but there are "other paths" than Treasury funds
[15:54] {Threei} - Urges Congress to allocate funds for automakers, but companies need to be competitive
[15:54] {Threei} - Buying illiquid assets not out of question
[15:54] {dino} 799 pts
[15:54] {dino} cya lisa
[15:54] {dino} still on 3i
[15:55] {Threei} amazingly, market ignored even him
[15:56] {dawg} bye Lisa
[15:56] {Threei} whew... I feel like I personally pushed the market whole 800 points, uphill
[15:57] {magoo} i did well..but feel left alot out there
[15:57] {magoo} discouraging
[15:57] {magoo} 4 times daily
[15:57] {Threei} that's very discouraging
[15:57] {patience} when do options expire? next friday?
[15:57] {Threei} crying yet?
[15:58] {magoo} cant u relate? should have really hit it
[15:58] {dino} 21st
[15:58] {patience} ty dino
[15:58] {peterg} magoo, yuo mean money on table you didnt take
[15:58] {dino} 3rd friday always patience
[15:58] {dino} np cutie
[15:58] {patience} laughing, when are you visiting victoria with the family?
[15:58] {magoo} nah, mean such a BIG move..should have been more aggressive
[15:59] {peterg} uhmph
[15:59] {dino} not for awhile unfortunate;ly
[15:59] {magoo} make the cake when the ovens hot
[15:59] {magoo} but prob is....tough morni g
[15:59] {Threei} and how many of those rally attempts failed miserably lately?
[16:00] {magoo} thats what held me back
[16:00] {Threei} kind of hard to jump on each of them hoping that this one finally works
[16:00] {magoo} i am disciplinbed u know
[16:00] {peterg} Tomorrow for Mr T
[16:00] {dino} pain?
[16:00] {peterg} Pain
[16:00] {magoo} UP
[16:00] {Threei} bull market establishes and develops, we will have plenty of such
[16:00] {Threei} no need to catch the vefirst one in full
[16:01] {Threei} we caught what we could read
[16:01] {magoo} true boss..thats why u are here
[16:01] {muddleheaded} Have a good night everybody.
[16:01] {peterg} arabs and mutuals buying hope
[16:01] {Threei} sheesh, almost 900 points
[16:01] {peterg} good night all
[16:01] {Threei} thank you all
[16:01] {dino} i will be watching 8945, gap at 8696, and way up at 9656
[16:01] {peterg} gracoas
[16:01] {magoo} ty all
[16:01] {Threei} have a good evening
[16:01] {peterg} gracias
[16:01] {Threei} see you tomorrow
[16:01] {magoo} vios condias
[16:03] {dino} et tu brutus
[16:03] {dino} thx all, some really nice spots by everybody today, great job
[16:04] {magoo} problen here..get entire bounce in half day...
