Wednesday, November 19, 2008

Nov 19 2008

Another miserable day for the markets. Trading is choppy. A few good trades, a few stops, then couple nice hits on GS and UAUA made a day profitable at about average level. But fun it isn't, too much like work

Session Time: Wed Nov 19 00:00:00 2008

[08:01] {magoo} morning comrades
[08:06] {Threei}  good morning
[08:11] {magoo} :)
[08:12] {Threei}  I see yesterday's last minutes action has all observers puzzled
[08:15] {magoo} really...q's powered up hard afterhours
[08:16] {magoo} news FSLR vad?
[08:19] {Threei}  11/19/08 08:01am
[08:19] {Threei}  [FSLR] First Solar Inc. Price Target lowered to $120 from $170 at Friedman, Billings, Ramsey, maintains market perform rating
[08:20] {Threei}  also in this sector, LDK reported earnings
[08:20] {Threei}  06:10am [LDK] Reports Q3 $0.77 v $0.71e, R $541.8M v $486.7Me
[08:29] {magoo} ty
[08:30] {Threei}  OCT CONSUMER PRICE INDEX M/M: -1.0% V -0.8%E;
[08:30] {Threei}  CPI EX FOOD-ENERGY M/M: -0.1% V 0.1%E
[08:31] {Threei}  - CPI y/y: 3.7% v 4.0%e
[08:31] {Threei}  - Core CPI Y/Y: 2.2% v 2.4%e
[08:37] {Threei}  that's it
[08:37] {Threei}  magoo... I will take care of eye patches
[08:37] {Threei}  get a few parrots
[08:37] {Threei}  chaeron will bring wooden legs
[08:37] {Threei}  we need to change careers
[08:38] {magoo} pirates extoted 50 million last year
[08:38] {magoo} in ransom...lucrative
[08:39] {Threei}  don't you find it hard to believe this can go on in modern world for any period of time excedding couple months?
[08:40] {Threei}  I mean, everyone knows who they are and where they strike
[08:41] {magoo} hell, they see where the saudi tanker is currently anchored
[08:41] {Threei}  yeah, it's not like you can hide oil tanker, lol
[08:51] {magoo} unless we give the 45 billion of TARP
[08:51] {Threei}  but then we won't have enough for pirates
[08:55] {magoo} goldman ups rimm target to 68
[08:55] {magoo} he he..timing uncertain
[08:55] {Threei}  but of course
[08:55] {Threei}  is there anything in life with certain timing?
[08:56] {magoo} im certain today i will be mad at one of your calls..its a certainty lol
[08:57] {Threei}  MPEL
[08:57] {Threei}  yes, but can you tell me WHEN it's going to happen?? :)
[08:58] {lisa_jay} Good morning everyone.
[08:58] {Threei}  lisa :)
[08:59] {magoo} i can..u been misdsing your second call everyday
[09:00] {Threei}  hmm?
[09:04] {magoo} im teasing u lol
[09:04] {hawkfan4} gm all
06[09:05] * magoo slaps Threei around a bit with a large trout
[09:05] {magoo} there,..feel better?
[09:06] {KSystems} Good morning!
[09:06] {Threei}  hawk, ks :)
[09:06] {Threei}  I still think the timing of you getting mad at me is uncertain
[09:06] {Threei}  unless you can tell me it's going to happen at, say 11:12 am
[09:07] {Geo} gm
[09:07] {Threei}  geo :)
[09:08] {magoo} its going to happen 2 minutes after your second trade..OK?
[09:08] {Threei}  ah OK
[09:08] {Threei}  conditional timing
[09:09] {magoo} so if u refuse to make more than 1 call today..u may think..hey magoos not mad
[09:09] {magoo} but wrong..because then i am mad that u are not doing anything
[09:09] {magoo} so heck,,make the call..i get mad...we move on he he
[09:09] {Threei}  complicated...
[09:10] {magoo} im a complicate guuy
[09:10] {Threei}  can you just get mad at me now, so we get it out of the way?
[09:10] {magoo} i am starting too he he ..yes
[09:10] {Geo} sheesh you guys bicker like old BFFs
[09:10] {KSystems} BFF?
[09:10] {Geo} best friends forever
[09:10] {KSystems} ahhh
[09:10] {cosmo} psyco-drama .... good therapy
[09:10] {Geo} there is a show on MTV
[09:11] {Geo} i want to be paris hilton's BFF
[09:11] {Geo} watch it for american culture K
[09:13] {ese} good morning everyone.........just call me Mr observer these's a music teachers lot in life at this time of the year
[09:14] {Geo} hey ese
[09:14] {ese} geo
[09:14] {Threei}  ese :)
[09:14] {ese} morn vad
[09:14] {dptl} good morning all
[09:14] {Threei}  dp :)
[09:15] {ese} dp......
[09:15] {dptl} :)
[09:16] {Onix} Good morning all
[09:16] {ese} onix
[09:17] {Threei}  onix :)
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:17] {Onix} hi dino
[09:18] {dino} :)
[09:19] {dino} i guess w/these pirates, if you steal big enough "prize", owners will pay rather than lose lose it. sort of like mafia, pay for protection
[09:25] {cosmo} osip,idmi,teva...Pharm stocks
[09:26] {lisa_jay} Premarket movers Cosmo?
[09:26] {cosmo} looks like
[09:26] {cosmo} checking
[09:26] {lisa_jay} CMCSA
[09:27] {cosmo} # Teva gets FDA approval for generic asthma drugAP(Wed 8:47am)
[09:27] {Threei}  TEVA's FDA approvals rarely mean something
[09:27] {Threei}  majority of them are for diff dosage
[09:28] {cosmo} hmm
[09:28] {lisa_jay} Ok, thanks Vad
[09:34] {magoo} vad, rimm bounce somewhere?
[09:34] {Threei}  off 47 seems right, just need NQ help
[09:37] {magoo} in .65
[09:39] {magoo} weird pullbk
[09:39] {magoo} naz up
[09:40] {magoo} stopped
[09:40] {magoo} wtf
[09:43] {wishbone} gm all
[09:43] {Threei}  wishbone :)
[09:45] {Threei} Long Setup:  PAAS  .50 break half lot
[09:46] {Threei}  stop under .40
[09:47] {magoo} man-0-man..fslr losing 100
[09:47] {dptl} stopped paas
[09:48] {lisa_jay} Stopped -12c
[09:49] {Threei}  GNW
[09:50] {lisa_jay} Paas going now
[09:51] {ese} everthing i'm looking at looks like the market trying to squeeze blood from a stone....... 
[09:51] {cosmo} tulip...
[09:51] {ese} that too
[09:51] {lisa_jay} PAAS sigh
[09:54] {magoo} same ole chop 
[09:54] {lisa_jay} yup
[09:57] {Geo} maan PAAS stopped for a cent
[09:58] {Threei} Long Setup:  C  .96
[09:58] {Threei}  if stays above .85
[09:59] {magoo} full?
[09:59] {Threei}  with this size of stop, sure
[09:59] {magoo} in
[10:00] {Threei}  - Decisions on additioanl IMF funding should come from local governments
[10:00] {Threei}  - BoC will not act on 'auto pilot' throughout the crisis
[10:01] {dptl} out +.10 c ty
[10:01] {Threei}  welcome
[10:02] {Threei}  gold and silver related stocks on a rampage
[10:02] {tomg} ty C vad
[10:02] {magoo} ty c vad..out
[10:02] {Threei}  PAAS, SSRI, GG
[10:02] {Threei}  welcome guys
[10:04] {Threei}  RIMM... what the hell was that
[10:05] {lisa_jay} Look at C go...nice
[10:05] {Onix} out C .08 ty Vad
[10:06] {dino}  sm dia l .50
[10:07] {Threei} Long Setup:  ADBE  .50 break if stays above .40
[10:08] {lisa_jay} In
[10:10] {Threei}  over 1:1
[10:10] {lisa_jay} Thanks Vad got 10c
[10:10] {Threei}  I am still trying to squeeze more, half out
[10:10] {Threei}  stop under b/e
[10:10] {magoo} me too
[10:11] {lisa_jay} Nice
[10:11] {Threei}  1:2
[10:11] {lisa_jay} Almost 1:3
[10:11] {dptl} out adbe ty
[10:11] {Threei}  :)
[10:11] {dino} dia stop to b/e
[10:12] {magoo} out here TY
[10:12] {tomg} thanks vad
[10:12] {Threei}  welcome guys
[10:12] {Geo} got both in a row TY vad
[10:13] {magoo} oh oh
[10:13] {magoo} im not mad at second trade
[10:13] {Threei}  we have a problem magoo
[10:13] {Threei}  that's what I just thought about
[10:13] {Threei}  your timing is OFF!!!
[10:13] {Threei}  big time
[10:13] {Threei}  so stop sniping at those poor analysts
[10:15] {Threei}  let's assume we are in sustained uptrend for now and try to get pullback entry
[10:15] {Threei}  .65 area for Qs
[10:15] {magoo} agree..we are WAY oversold
[10:16] {magoo} yesterdays up still was neg 2:1
[10:16] {Threei}  wait for pause and reversal
[10:16] {Threei}  not price alone
[10:17] {Threei}  in
[10:17] {Threei}  stop under .60
[10:19] {magoo} in .79..u?
[10:19] {Threei}  ??
[10:19] {magoo} adbe
[10:19] {dino} out dia .90, +.40
[10:19] {Threei}  I am not in ADBE
[10:20] {Geo} out
[10:20] {dptl} ah...stopped q's
[10:20] {dino} blast off 70 drop 70
[10:20] {lisa_jay} Stopped  -8c.
[10:20] {dino} 60-70-80 was yesterday
[10:27] {Onix} stopped Qs
[10:28] {dino} waiting for dia at .25
[10:29] {Threei}  bounce off .50 Qs
[10:30] {Threei}  worth a try with stop right under
[10:31] {Threei}  not holding support
[10:32] {dino} cx dia
[10:32] {dino} wait at .15
[10:35] {Threei}  DOE CRUDE: +1.6 V +1ME;
[10:35] {dino} darn, .25 was correct
[10:35] {Threei}  GASOLINE: +540K V UNCH. EST.; DISTILLATES: -1.47M V +700KE;
[10:35] {dino} sm l .15 dia
[10:36] {dino} stop is lod
[10:38] {dino} waiting at .55 dia, scalp day
[10:41] {magoo} so far..mkt disappoinrts {as usual}
[10:41] {hawkfan4} sigh
[10:41] {Threei}  or jusrt forms a flag
[10:41] {dino} move sell to .65
[10:42] {dino} feels up
[10:42] {magoo} in 89 yrs..its going to pop..breathe and actually resume upward for 1 day
[10:42] {Threei}  NQ is 15 points from high
[10:42] {Threei}  what is it, any significant drop by any standard, let alone by todays?
[10:42] {dino} then again
[10:43] {Threei}  .30 nearest support for Qs to watch
[10:44] {Geo} .31 lod
[10:45] {Threei}  in
[10:46] {Threei}  stop under .20
[10:46] {dino} dia stopped .72 -.43
[10:48] {Geo} vad dcc when you out of position pls
[10:50] {Chaeron} Hi all
[10:51] {Threei}  chaeron :)
[10:51] {magoo} chaer:)
[10:52] {magoo} i dunno..thats p[retty ugly Q chart
[10:53] {Threei}  tries for double bottom
[10:55] {lisa_jay} nope
[10:56] {magoo} look at the difference of run up vs decline
[10:58] {dino}  stepping aside
[10:58] {lisa_jay} Dell is holding at .50 with this Q's drop...well broke now.
[11:09] {Threei}  drop seems to be done to me
[11:09] {Threei}  last shakeouts before reversal to the upside
[11:09] {lisa_jay} Yes.
[11:09] {magoo} i like q long off .15
[11:10] {magoo} in
[11:14] {lisa_jay} stop?
[11:15] {dino} 8250 coming imo
[11:15] {magoo} here lisa
[11:16] {magoo} not looking good
[11:16] {magoo} SIGH
[11:26] {dino} [11:15] {dino} 8250 coming imo
[11:27] {Geo}
[11:27] {Geo} lol
[11:27] {Geo} i love beggers with private planes
[11:28] {dino} i love waitresses, i ask for stuff, they bring it
[11:28] {Geo} :)
[11:30] {magoo} 200 down here
[11:31] {Geo} neg 179
[11:32] {Geo} and vad's disgusted with me
[11:32] {dino} -16 here
[11:32] {dino} me too
06[11:32] * Geo slaps Geo around a bit with a large trout
[11:34] {Threei}  GS is not making new lows anymore
[11:35] {Threei}  61 break long
[11:36] {dino} for now
[11:36] {dino} having data issues w/cyber
[11:37] {Geo} i was on sim..... but i got filled and stopped out real fast
[11:37] {magoo} call chuck
[11:37] {magoo} 1-888-547-3421
[11:37] {Threei}  where was your stop??
[11:38] {dino} magoo, don't know how to say this, but dino is chuck
[11:38] {Geo} .86
[11:38] {Threei}  last low was .75
[11:39] {Threei}  .86 is not a level for a stop
[11:39] {Geo} i got 61 break then got stopped....
[11:39] {Geo} i was simming and didnt get time to adjust it :(
[11:39] {Geo} will aDJUST
[11:39] {Geo} oops
[11:39] {Threei}  it hit 1:1 with correct stop
[11:39] {Geo} darn
06[11:39] * Geo back to tweaking
[11:40] {magoo} all u wante was 1:1 vad?
[11:40] {magoo} i still in
[11:40] {Threei}  half
[11:40] {Threei}  trying for more on second half
[11:40] {Threei}  stop is under .90 now
[11:41] {magoo} wheres significant q support?
[11:41] {Threei}  which timeframe?
[11:41] {Threei}  daily or today?
[11:42] {magoo} today
[11:42] {Threei}  27.60
[11:42] {dino} none today, yesterday imo 27.50
[11:42] {dino} then 27.33
[11:43] {Threei}  out second half
[11:45] {Threei}  aww
[11:45] {Threei}  shake
[11:45] {magoo} its tough..u were too tight
[11:45] {magoo} was gapping 
[11:45] {Threei}  I guess
[11:50] {magoo} q long here..worth a shot
[11:50] {Threei}  rehabilitated GS
[11:50] {Threei}  took it again at 61.05
[11:51] {Threei}  out here
[11:51] {magoo} im waiting muxch higher
[11:51] {magoo} .81
[11:51] {Threei}  good luck
[11:51] {Threei}  I am not that patient
[11:52] {dino} hmmm was waiting for 8163
[11:52] {dino} will try dia sm l 82.35 area if it gets there
[11:53] {hawkfan4} scary, but trying FAS 24.95 off GS recovery idea.  3 X financial sector ETF.  wide stop
[11:54] {dino} 3x's ? hmm 
[11:54] {ese} hmmmm thought about TSL at 7.30    but have to sign off....don't have enough time to watch
[11:54] {ese} have a great day all
[11:54] {hawkfan4} u2 es
[11:54] {ese} see ya hawk
[11:54] {Threei}  take care ese
[11:55] {ese} see ya vad
[11:55] {magoo} kivckin it
[11:57] {magoo} out here .78
[11:57] {magoo} patience is a virtue
[11:57] {Threei}  wtg
[11:57] {dino} leave patience out of it
[11:57] {magoo} actually saw .83..but i was to close to miss exit
[11:57] {magoo} readjusted
[11:58] {Threei}  good approach
[11:58] {Threei}  no need to lose such gain because of last couple cents
[11:58] {dino} gj
[12:02] {Geo} of to work.... good trading all
[12:02] {Threei}  take care geo
[12:03] {dino} cya geo
[12:05] {magoo} geoooooooooooooo
06[12:05] * magoo slaps Geo around a bit with a large trout
[12:05] {hawkfan4} cya geo
[12:07] {Threei}  .80 break Qs, anyone's up to try?
[12:08] {magoo} in
[12:08] {Threei}  ummm... it didn't break yet? :)
[12:08] {magoo} i took .70
[12:08] {Threei}  oh, earlier
[12:08] {Threei}  lol
[12:09] {magoo} when i was looking for support
[12:12] {dino} see that 80 pt bounce 80 pt drop
[12:14] {dino} holding lows so far dji
[12:16] {Threei}  lows are getting tested too many times
[12:17] {Threei}  danger of not holding is higher each time
[12:18] {dino} risky sm l dia .35
[12:18] {magoo} have i said that this mkt blows?
[12:19] {dino} stop dia is .94
[12:23] {Threei}  have a look at where your exit on GS was vs top of the move magoo
[12:24] {magoo} nice huh?
[12:24] {magoo} lil skerry
[12:24] {Threei}  5 cets unde top
[12:25] {Threei}  I'd say precision almost surreal for this stock
[12:35] {Threei} Long Setup:  GS  .20 break
[12:35] {Threei}  small shares
[12:35] {Threei}  stop under .90
[12:36] {magoo} in
[12:36] {Threei}  tries for double bottom confirmation break
[12:36] {dptl} stopped....
[12:38] {dino} dia 1/1
[12:40] {Threei}  shake
[12:40] {dino} stop to .75
[12:40] {magoo} the way to play it is take only 100-200 shares..give it a .75 cent stiop..avod rinse
[12:40] {dino} to .85
[12:41] {magoo} and let it run if IF gets going
[12:41] {Chaeron} kick it
[12:41] {magoo} that too
[12:42] {dino} bam, stopped .85 +.50
[12:43] {Threei}  YHOO under 10...
[12:44] {Threei}  if I were a shareholder I'd be steaming mad about rejecting that MSFT offer
[12:44] {Threei}  if I were MSFT I'd make evil laughter sounds 24/7
[12:44] {Chaeron} if you were MSFT, you'd hire someone to do it for you...
[12:45] {Threei}  no way
[12:45] {Threei}  I hire someone to do work
[12:45] {Threei}  this is pure pleasure, I'd do it myself
[12:45] {Chaeron} ah... :)
[12:45] {Chaeron} now can you kick the Q's and derive pleasure from that?
[12:45] {Chaeron} thank you
[12:46] {Threei}  yes but if it loses .65 I am not responsible
[12:46] {dino} ok, 80 pts up happened, now drop as usual?
[12:46] {Chaeron} um... I want it to *take* .65... 60.65 that is
[12:47] {Threei}  Qs?
[12:47] {Threei}  60.65?
[12:47] {Threei}  Charon... I want what you are smoking
[12:47] {Chaeron} ooops... sorry... I forgot... I was playing GS... *blush*
[12:47] {dino} yeah, 34/share cash looks darn good now
[12:49] {Threei}  they tried to leverage with Goog and miscalculated badly
[12:50] {Threei}  both deals fell through
[12:50] {Threei}  now it looks like it's going to be just a carcass for Goog to feed on
[12:51] {Threei}  - Reiterates Paulson's comments that the TARP program is not a stimulus or economc growth plan
[12:51] {Threei}  in case you haven't noticed, markets are stabilized
[12:52] {Threei}  are we on the same planet with fed?
[12:52] {dino} hmmmm, jawboning is not working
[12:53] {Chaeron} just glad I'm not the only one confused
[12:53] {dino} me thinks he protests to much
[12:53] {Threei}  who?
[12:53] {dino} ok theres 40 pts of the 80 down
[12:53] {dino} 50
[12:54] {Chaeron} I'm ut GS... -.01... just don't care
[12:54] {magoo} ty it will go now 
[12:54] {dino} \you're starting to feel as i feel chaer
[12:55] {magoo} oct nov have worn me out
[12:55] {dino} the shark says bear makets wear you out, getting to me
[12:55] {magoo} dont even like trading anymore
[12:55] {Chaeron} I'll be back... have the markets straightened out when I return so we can make $$$
06[12:55] * dino slaps magoo around a bit with a large trout
06[12:55] * Chaeron slaps magoo around a bit with a large trout
[12:57] {dino} brb
[12:57] {Chaeron} (me and dino are going out for beers  :)
[12:58] {KSystems} arent there going to be FOMC minutes in an hour?
[12:59] {Threei}  yes
[13:02] {magoo} long 200,000 shares q at .69..out here .74
[13:03] {magoo} .05 x 200k = + 10k
[13:03] {magoo} fast too
[13:03] {magoo} lol
[13:05] {Threei}  once again same pattern
[13:06] {Threei}  we touch lows, everything looks like ready to go to hell - sharp spike and rally out of nowhere
[13:10] {magoo} hardly a rally just yet..not bustin on ya..just not convinced
[13:11] {Threei}  no, not yet
[13:11] {Threei}  spike took place, whether it's followed up by rally remains to be seen
[13:11] {magoo} f'in GS stalled same area 1 dollar less..saw .81 prints
[13:12] {magoo} like 1 second worth and all the way back down
[13:19] {magoo} of course mkt has to fall hard..god forbid it moves up
[13:22] {dino} sm l dia .65
[13:30] {dino} stop is break of lod
[13:33] {Threei}  we are neaqring yesterday's low
[13:34] {dino} stopped -.51
[13:37] {dino} 8105 yesterday lod
[13:52] {dino} [11:52] {dino} hmmm was waiting for 8163
[13:52] {dino} on the nose
[13:54] {Threei}  ok... rally or fizzle out now?
[13:54] {dino} dino pats himself on his back
[13:54] {patience} patience pats dino on the back
06[13:54] * Threei pats all backs he can reach
[13:55] {dino} ty patience
[13:57] {patience} i want the momo days we used to get a few years ago....this is teeth grinding now
[13:58] {muddleheaded} FOMC minutes released at 2:00 PM.
[13:59] {Threei}  I doubt they'll matter much
[13:59] {peterg} afternoon folks.
[13:59] {Threei}  hi peter
[14:00] {peterg} things slow?
[14:00] {Threei}  Cuts 2009 GDP growth -0.2% and 1.1% v +2% -2.8%
[14:00] {Threei}  2009 jobless 7.17.6 v 5.3-5.8% range
[14:01] {Threei}  - Saw policy challenges due to low rate, agreed inflation has fallen 'materially', aggressive easing would cut inflation risk
[14:03] {Threei}  bunch of meaningless lines
[14:03] {Threei}  GS
[14:03] {Threei}  .40 break going to try
[14:03] {Threei}  with stop under .20
[14:04] {Threei}  invalidated
[14:05] {Threei}  58.10 break if holding .90
[14:06] {dino} vad, symbol for dji e-mini?
[14:06] {KSystems} ym
[14:07] {dino} ty
[14:07] {KSystems} np
[14:08] {Threei}  58 break
[14:08] {Threei}  if holding above .80
[14:10] {magoo} in bossasauras
[14:11] {Threei}  over 1:1, half out
[14:11] {Threei}  scalpers are scalpers
[14:13] {Geo} back
[14:13] {Geo} things any better?
[14:13] {Geo} for some reason i am hating these days
[14:13] {Threei}  were they bad?
[14:14] {Threei}  1:2
[14:14] {Geo} 1:2 what what??
[14:14] {Threei}  replay isn't working?
[14:14] {magoo} waiting .61
[14:15] {magoo} out .57
[14:15] {Threei}  out .53
[14:15] {magoo} wanted to bank it
[14:15] {magoo} nice bossasaurasmonk
06[14:16] * KSystems slaps laserdave1 around a bit with a large trout
06[14:16] * laserdave1 slaps Threei around a bit with a large trout
[14:17] {Threei}  sigh
[14:17] {laserdave1} thats crazy
06[14:17] * magoo slaps laserdave1 around a bit with a large trout
[14:17] {laserdave1} i guess u trained him very well Vad
[14:17] {laserdave1} that was fast
06[14:17] * laserdave1 slaps Chaeron around a bit with a large trout
[14:17] {Geo} german precision
06[14:17] * laserdave1 slaps Geo around a bit with a large trout
[14:17] {KSystems} Harrr
06[14:17] * laserdave1 slaps KSystems around a bit with a large trout
06[14:17] * laserdave1 slaps magoo around a bit with a large trout
06[14:17] * laserdave1 slaps magoo around a bit with a large trout
06[14:17] * laserdave1 slaps magoo around a bit with a large trout
[14:18] {magoo} hey..what i do :)
[14:18] {laserdave1} your just a nice guy
[14:18] {laserdave1} so you end up being the lucky one
[14:18] {magoo} vads a nice guy too
[14:19] {magoo} dcc quick lasr
[14:20] {dino}  going for yesterdays lod dji, imo
[14:26] {Threei}  here is a first sign of that screaming rally coming, ,lol
[14:27] {Geo}
[14:27] {Geo} looks like they sank the mother ship
[14:28] {magoo} cramer cally out rally monkey..resounding OY
[14:33] {Threei}  I find this bickering about their private jets meaningless and idiotic
[14:34] {dino} you know, it's simply yes or no. move on the election is over. i vote no, and send them to debtor in possession bankruptcy
[14:35] {Threei}  yes
[14:35] {dino} new dji low
[14:35] {Threei}  but all this "how did you arrive here, commercial or private" is just populist and has nothing to do with real issues
[14:36] {dino} even having it on tv is b.s
[14:36] {Threei}  anyone expecting CEO of compnay of this scale to travel by bus or train or commercial has no idea what he is talking about
[14:37] {Threei}  it's nothing but play on the lowest kind of emotions of population
[14:39] {Threei} Long Setup:  UAUA  .81, stop under .75
[14:40] {Threei}  invalidated
[14:42] {Threei}  still wastching, any market meaninfgul recovery should take UAUA up about 50 cents
[14:42] {Threei}  pullback entry
[14:44] {Threei}  in
[14:44] {dawg} in 
[14:44] {lisa_jay} stop vad?
[14:44] {Threei}  under day low
[14:45] {magoo} full?
[14:45] {Threei}  with stop about 15 cents...
[14:46] {magoo} in .80
[14:48] {magoo} out .99 TY
[14:48] {wishbone} laserdave DCC..please
[14:48] {Threei}  welcome
[14:48] {magoo} dont do it wishbone
[14:49] {wishbone} don't do what?
[14:49] {magoo} kidding
[14:49] {wishbone} hi vad
[14:49] {Threei}  hi
[14:49] {wishbone} got an error: level II not in execution mode?
[14:49] {Threei}  magoo means don't encourage laserdave giving him an idea anyone would ever want to talk to him
[14:50] {wishbone}
[14:50] {Threei}  Menu-Trade
[14:50] {magoo} thats what i meant..yes, thats it
[14:50] {Threei}  make sure you have check against like
[14:50] {Threei}  Level II execution mode
[14:51] {Threei}  top line is third segment
[14:51] {wishbone} that' wierd....traded earlier no problem....ty3i
[14:51] {Threei}  maybe clicked it mistakenly
[14:51] {wishbone} probably :)
[14:52] {Threei}  and really, try to avoid giving laserdave wrong ideas... he may even start thinking we like him
[14:52] {dawg} out 1/2 .04
[14:52] {wishbone} right lol
[14:53] {dino} dia sm l .00
[14:56] {dawg} out last half  UAUA flat thank you 3i
[14:56] {Threei}  welcome
[14:56] {Threei}  watch market for another spike, UAUA will follow
[14:56] {dawg} OK
[14:58] {magoo} reload here
[15:00] {Onix} In for lunch, hope you people had a good morning's trading
[15:01] {dino} stopped -.50
[15:02] {Onix} Vad, could you please take a look at BRCM and take a guess for me howcome it can hold $14 all morning?
[15:03] {Threei}  who knows
[15:03] {Threei}  maybe found its bottom for now
[15:03] {Onix} I shorted it at $13.99 before i left for work and it is still there
[15:04] {dino} you have the magoo curse onix
[15:04] {dino} rinsed
[15:05] {dino} mcd sm l .50
[15:05] {Threei}  UAUA didn't drop this time with market
[15:06] {Threei}  still needs help of course
[15:06] {Threei}  but gotta be good if any comes
[15:08] {lisa_jay} how to play UAUA vad?
[15:08] {Threei}  not an entry here lisa
[15:09] {Threei}  you missed pullback to .80
[15:09] {Threei}  [14:56] {Threei} watch market for another spike, UAUA will follow
[15:09] {Threei}  [14:56] {dawg} OK
[15:09] {Threei}  [14:58] {magoo} reload here
[15:09] {lisa_jay} Ok, thanks...
[15:09] {Threei}  half out ..13 magoo
[15:09] {dawg} OK threei
[15:09] {dawg} got  in
[15:09] {magoo} ok boss took .12
[15:10] {Threei}  partialed out dawg?
[15:10] {dawg} still in 
[15:10] {dawg} all
[15:10] {Threei}  next spike should take it over .20 but let's respect the volatility and protect half
[15:10] {dawg} got it
[15:11] {Threei}  original idea was:
[15:11] {Threei}  [14:42] {Threei} still wastching, any market meaninfgul recovery should take UAUA up about 50 cents
[15:11] {Threei}  we got over 30 cents
[15:11] {Threei}  assuming entry around .80
[15:13] {Threei}  let's go UAUA, market gives "all clear"
06[15:13] * Threei kicks UAUA in the left jet
[15:16] {Threei}  rally is not very convincing so far
[15:16] {lisa_jay} qs need to break that .82
[15:16] {dawg} dawg spins several prayer wheels
[15:17] {dino} lol, i just throw the dice
[15:17] {Threei}  for UAUA it will be enough even if Qs just bounce back there I think, lisa
[15:18] {dawg} stopped last half
[15:19] {Threei}  see... volatility must be respected :)
[15:19] {dawg} Yes sir
[15:19] {Threei}  imagine not securing half around 9.10...
[15:19] {Threei}  how insulting would that be
[15:19] {dawg} would hurt the dawg
[15:22] {dino} dia sm l .65
[15:24] {dino} uh oh
[15:24] {Threei}  wow
[15:25] {Threei}  C
[15:26] {dino} 3i, you see, not allowed 2 up days in row in november
[15:27] {dino} 4 days so far for the month
[15:27] {dino} 3 days
[15:27] {Threei}  and none of them back to back?
[15:28] {lisa_jay} Isn't Nov a bullish month?
[15:28] {Threei}  we still have 10 days
[15:28] {lisa_jay} historically?
[15:28] {dino} yes
[15:28] {Threei}  scalped C... was too scary to call
[15:28] {dino} bs month this year tho
[15:29] {patience} i second that
[15:29] {dino} ty
[15:29] {dino} out dia .05 +.40
[15:30] {dino} just had a daytrader stop in and ask to rent an office off me
[15:30] {Threei}  seriously?
[15:30] {dino} didn't know we had any others here
[15:30] {dino} yes
[15:31] {dino} 8 years e-minis
[15:31] {Threei}  why does he need an office?
[15:31] {dino} renting elsewhere, not as nice
[15:32] {lisa_jay} Probably has kids come home early from school
[15:32] {dino} y
[15:32] {dino} that too.
[15:32] {dino} comraderie also i think
[15:33] {KSystems} where are you located dino?
[15:33] {dino} told her no tho, don't think she'd appreciate it when we go off on a bad trade rant
[15:33] {Threei}  close office dorr, put a sign on saying "come in if living to see the next morning is not in your plans"
[15:33] {lisa_jay} I wonder how the commute would be from NY/ct border to your office.  
[15:33] {dino} pennsylvania
[15:33] {KSystems} ah ok
[15:33] {dino} long lisa
[15:33] {dino} ok, 3:40 rally?
[15:34] {KSystems} not many things i know about pennsylvania..except....Centralia :-) that near where you live?
[15:34] {lisa_jay} thats what i thought.
[15:34] {dino} 2 hrs ks
[15:34] {lisa_jay} * about commute.
[15:34] {dino} y
[15:35] {dino} just jumped 70
[15:35] {dino} vad, you may owe me a beer, i told her to check out the site
[15:36] {Threei}  but we don't ttrade e-minis per se
[15:36] {dino} dia sm l .50
[15:37] {dino} i know, comraderie
[15:37] {Threei}  which won't prevent me from buying a beer of course
[15:37] {dino} could use one today
[15:38] {dino} hit/miss day
[15:38] {Threei}  for the most part... then GS and UA trades brightened things
[15:41] {Threei}  1 min till rally?
[15:42] {Threei}  or not today?
[15:42] {dino} i am so sick of seeing my b-day come up on the dji on almost daily basis, for years never saw it
[15:43] {patience} march 17?
[15:43] {dino} yes
[15:43] {dino} used to like that number
[15:43] {patience} just think of the green beer instead
[15:44] {dino} lol
[15:44] {dino} stop dia -.40
[15:44] {dino} see hit./miss
[15:45] {patience} you're doing better than me dino, usually by this time of day I'm muttering, those bastards
[15:45] {patience} time to go mow the lawn
[15:45] {dino} snow on mine
[15:46] {patience} oak leaves on mine
[15:46] {Threei}  geese droppings on mine
[15:46] {dino} not a good close
[15:46] {Threei}  no
[15:46] {Threei}  YAYA new low
[15:46] {Threei}  U
[15:46] {magoo} 400 down WHAT RALLY
[15:46] {Threei}  C new low
[15:47] {Threei}  how is it not rally?
[15:47] {Threei}  just different direction
[15:47] {Threei}  but we are not discriminating rallies by direction, are we
[15:48] {peterg} newspeak: stocks rallied strongly negatively today
[15:48] {Threei}  there you go
[15:48] {Threei}  Orwell knew his languages
[15:48] {KSystems} Like "Strongly preparing for recovery"?
[15:48] {dino} hate to say it, but feels like we go down to break the 7884 low
[15:48] {peterg} scarily
[15:49] {peterg} Stocks deepened their search for fundamental solidity
[15:49] {Threei}  beautiful
[15:49] {KSystems} collect them and send them to some news agency
[15:50] {KSystems} they'll be out of stock soon
[15:50] {peterg} ;p;
[15:50] {peterg} lol
[15:50] {dino} the stability they talked about earlier is "un"real
[15:50] {Threei}  market improved its coordination with real valuations
[15:50] {peterg} rofl
[15:51] {Threei}  yeah, that line was from behind the looking glass
[15:51] {Threei}  truly bizarre
[15:52] {dino} maybe he was thinking only worry now about the dowside, because it doesn't go up
[15:52] {Threei}  I hope they don't overstabilize it
[15:53] {Threei}  just a tad more stability as they understand it, and we will see Dow at 1929 levels
[15:54] {dptl} have a good evening all
[15:54] {Threei}  take care dp
[15:57] {Threei}  -433 DJI
[15:59] {dino} cya dp
[15:59] {Threei}  so, in light of today's action...
[15:59] {Threei}  wqhat was yesterday's AH rally about again??
[16:00] {Threei}  such spike, after hours, total illusion of "wow, someone big knows something good"
[16:00] {dino} ge 14
[16:00] {Threei}  only to see this misery today lol
[16:00] {dino} re-balancing of s&p 3i, bud out
[16:01] {Threei}  I heard that theory
[16:01] {dino} had like 50 billion to reallocate
[16:01] {Threei}  just not sure how it explains such spike in indexes
[16:01] {dino} it doesn't, imo, and the futures imo don't mean sh#t
[16:01] {Threei}  mechanics of reallocation as I understand them do not warrant this
[16:01] {dino} everything has gone total random
[16:02] {Threei}  ok guys, thank you all
[16:02] {dino} when the dji moves 100 pts in 2 minutes up/down, it's random
[16:02] {Threei}  have a good evening, see you tomorrow
[16:02] {KSystems} take care vad
[16:02] {dino} i am going back to basics again, simply scalp machine tomorrow
[16:03] {dino} get up, get out
[16:03] {peterg} gnight all--who knows what evil lurks in the hearts of men?
[16:03] {peterg} the shadow knows.........
[16:03] {dino} lol
[16:03] {peterg} of course, that was my nickname back in the day
[16:04] {peterg} or one of them