Friday, November 28, 2008

Nov 28 2008

Short session, not much excitement, but got one nice trade on C for over 60 cents, plus some scalps. Off till Tuesday

Session Time: Fri Nov 28 00:00:00 2008

[08:30] {Threei}  Good morning
[08:31] {Threei}  could help myself and took half lot GM overnight at 4.78
[08:31] {Threei}  out happily
[08:36] {Threei}  ummm... could = couldn't
[08:45] {hawkfan4} nice vad
[08:45] {Threei}  a bit too soon
[08:52] {tomg} good morning all
[08:53] {Threei}  tom :)
[08:54] {magoo} morn
[08:54] {Threei}  mags :)
[08:56] {magoo} everyone i trust had nice thanksgiving?
[08:56] {Threei}  the best, especially since it's second in as many months :)
[08:59] {cosmo} how about those you don't trust...mags
[09:02] {Raven}  I trust all of you turkeys had a nice Thanksgiving ...
[09:02] {KSystems} good morning!
[09:02] {Threei}  Raven, ks :)
[09:02] {cosmo} i managed to keep my head ....
[09:03] {Raven}  nice! :)
[09:03] {cosmo} one more year
[09:04] {Raven}  one less year
[09:05] {cosmo} pesimist
[09:05] {Raven}  sigh ... pessimist
[09:06] {cosmo} sigh...agree
[09:06] {Threei}  C strength
[09:07] {Raven}  back to reality
[09:07] {magoo} mkts close noon or 1 pm ?
[09:08] {Raven}  1 pm
[09:08] {Raven}  est
[09:08] {Raven}  that is Eastern Standard Time not an estimate
[09:09] {cosmo} then what?  ... go shopping?
[09:09] {Raven}  start drinking
[09:09] {cosmo} ah
[09:09] {Onix} Good morning all
[09:09] {magoo} ty
[09:11] {Threei}  onix :)
[09:18] {ese} long is the market open today?
[09:18] {KSystems} Raven was estimating 1pm ;-)
[09:18] {KSystems} hi ese
[09:19] {ese} hey ksys
[09:19] {KSystems} 1pm EST is correct
[09:19] {ese} tks
[09:19] {Threei}  ese :)
[09:19] {ese} morning vad....
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:19] {ese} dino
[09:20] {KSystems} morning
[09:20] {Threei}  this thanksgiving short day is usually marked by very thin trading and big volatility
[09:20] {Threei}  let's be careful, try to nail couple relatively safe onces
[09:21] {magoo} u leaning long?traditionally up day but we are up already past sev trading sessions and europe down
[09:21] {Threei}  true
[09:22] {Threei}  my feeling is, we ought to go green
[09:22] {Threei}  but I am willing to act on that feeling only when I see confirmation
[09:22] {magoo} i know we need to let it develope..but like always..wondering your thoughts
[09:22] {Threei}  supports holding, resistances broken, good support on pullbacks
[09:23] {dino} fwiw, last week of oct bounced from 8143-9454, roughly 1300 pts, last week nov 7449-8726, roughly 1300 pts
[09:24] {dino} end of month mark-ups, imo
[09:24] {Threei}  same points, but percentage grows
[09:25] {dino} which is more bothersome
[09:25] {Threei}  if we go down to 100 points Dow, can you imagine the percentages of bounces? :)
[09:25] {dino} i think govt said off the cuff, end of month mark ups being ignored for now 
[09:25] {ese} anyone catch this instantaneous volume in AAUK 500k shs
[09:26] {Threei}  at 11.63, yeah
[09:26] {Threei}  looks more like some kind of external print rather than real time trade to me
[09:26] {ese} tks
[09:27] {ese} was there any recent news for AAUK Vad
[09:29] {Threei}  not that I see
[09:29] {ese} tks
[09:32] {Threei}  watching C for pullback
[09:32] {magoo} me too
[09:34] {Threei}  OK, GM, pullback to .25 .30 area to watch
[09:34] {Threei}  or .50 break if consolidates a little above .35 .40
[09:35] {Threei}  C just want pull back for us
[09:35] {Threei}  won't
[09:42] {Threei}  sharp selling GM
[09:45] {wishbone} gm all
[09:45] {Threei}  wish :)
[09:46] {dino} fdo partial fill .69 l
[09:47] {Threei} Long Setup:  C  7.85 if holding above 7.70 and market strengthens
[09:49] {Threei} Long Setup:  GM  .36 if holding above .20
[09:51] {magoo} news AAPL vad?
[09:52] {Threei}  New Yourk Times gave negative review of RIMM's latest Blackberry
[09:52] {Threei}  other than that, no
[09:52] {magoo} ty
[09:54] {Threei} Long Setup:  INTC  14 break if stays above .90
[09:56] {Threei} Long Setup:  DRYS  .55 if stays above .40, half lot
[09:57] {dino} baltic index down again, fwiw
[09:57] {dptl} good morning all
[09:57] {Threei}  dp :)
[10:05] {ese} morning dp
[10:05] {ese} long DRYS .58
[10:05] {dptl} :)
[10:06] {ese} need the NAZ to go my way
[10:07] {Threei}  so far it's not going anyone's way, lol
[10:07] {Threei}  not up nor down
[10:07] {ese} indeed
[10:07] {ese} opps ...wrong way
[10:11] {Threei}  overstuffed traders barely push those buttons
[10:12] {hawkfan4} can't get close enough to my desk...
[10:13] {dino} lol
[10:14] {ese} goin my way now.....
[10:15] {ese} takin a quick look at DRYS fundamentals......
[10:15] {ese} decent.......not enough cash those for these times
[10:15] {ese} thats though
[10:16] {ese} not like NVDA though....couple of billion in cash just hanging around.....
[10:18] {Threei}  reverse already market, will ya
[10:18] {ese} come on.....bounch of .50 and be dne with it
[10:18] {ese} nope......
[10:19] {ese} stop is .39
[10:20] {ese} ahhhhh whats life without a litle excitement now and then ehhhh
[10:20] {Threei}  lol
[10:21] {Threei}  anyone did GM trade?
[10:21] {Threei}  worked for slightly over 1:1
[10:21] {ese} not I
[10:21] {ese} did you Vad
[10:21] {Threei}  scalped
[10:21] {Threei}  INTC no worky
[10:22] {Onix} stopped in intc
[10:22] {magoo} i did vad..but still in it
[10:22] {magoo} thought we were getting more
[10:22] {Threei}  not even partial?
[10:22] {magoo} nope
[10:22] {Threei}  we still can, but trail stop
[10:22] {Threei}  to under .30
[10:22] {magoo} was waiting .61
[10:25] {Threei}  anyone went for C?
[10:26] {peterg} just tuning in from sunny Miami Beach, morning all
[10:26] {peterg} ocean sparkling, calm
[10:26] {KSystems} blah
[10:26] {peterg} me too at last for a mintute
[10:26] {Threei}  hi peter :)
[10:27] {dino} gm peter
[10:27] {peterg} yo dino
[10:27] {patience} what time is my flight ticket to you peter?
[10:27] {peterg} hop on board asap
[10:28] {peterg} private jet enroute
[10:28] {patience} i'm ready now
[10:28] {Threei}  DRYS finally
[10:28] {dino} real move or bs
[10:28] {magoo} waitin on drys @ .76
[10:41] {peterg} very quiet here
[10:41] {patience} hah!  try the tsx yesterday, made $200 
[10:42] {peterg} Toronto !
[10:42] {peterg} god for you
[10:42] {peterg} and good too
[10:43] {patience} incredibly low volume yesterday
[10:43] {patience} made me appreciate that it is american traders providing volume to toronto
[10:45] {peterg} Patience, you trade on laptop, right?
[10:45] {patience} y
[10:46] {peterg} I got a MacBook (11 inch screen) able to use windows and evrerything
[10:46] {dino} out fdo .86, +.19 ave
[10:46] {ese} out DRYS .80
[10:46] {peterg} But it is too small to use, i think.
[10:46] {ese} +.21
[10:46] {ese} full lot
[10:46] {magoo} out drus .81 TY vad
[10:46] {wishbone} nice dino, ese
[10:47] {patience} guess its whether you're good with your hands peter.  i have 7 screens open right now
[10:47] {ese} tks wish
[10:47] {Threei}  welcome guys
[10:47] {peterg} omigod
[10:47] {dino} ty wish
[10:47] {ese} tks vad
[10:48] {wishbone} why only 7 patience....You couldn't  afford 8? :)
[10:48] {magoo} C vad??
[10:48] {peterg} seven screens on one laptop? from laser?
[10:48] {Threei}  feels to me like going over 8 today
[10:49] {Threei}  unless market dies
[10:49] {patience} i don't use laser anymore.  it is a great product but when i was using it, they didn't offer tsx
[10:49] {peterg} thks; jet almost there
[10:50] {patience} do i need to pack clothes or bathing suit ok
[10:50] {peterg} just suit
[10:50] {peterg} but at nights, we party with madonna and a-rod, so your choice
[10:51] {patience} must be good sales on today, no problemo
[10:51] {dino} sm l tbt .80
[10:53] {dino} t l .35
[10:54] {Threei}  DRYS is still trying
[10:54] {dino} ostk spike
[10:54] {dino} wow
[10:55] {dino} lol
[10:55] {dino} can't borrow here
[10:55] {Threei}  available here
[10:56] {Threei}  but scary as hell
[10:56] {dino} gl my friend
[10:56] {dino} was thinking 11.40ish
[10:58] {magoo} i took C @ .81 vad
[10:59] {magoo} was thinkinglike 8.07?
[10:59] {Threei}  with any market help should be capable of that at least
[11:01] {dino} stopped t .39, +.04
[11:03] {Threei}  C on launch pad
[11:05] {Threei}  come on market, help it break 8 and jump
[11:05] {magoo} where would u wait? .21
[11:05] {magoo} .43?
[11:05] {Threei}  I'd break them in halves
[11:05] {Threei}  half around 8.10
[11:06] {Threei}  or if it loses 8
[11:06] {Threei}  to secure profit
[11:07] {magoo} its a lil stronger than mkt
[11:07] {Threei}  yes... but still needs market directional support
[11:08] {magoo} right..then it would go go go
[11:11] {Threei}  half out
[11:14] {magoo} vad u think over 8.50 capable?
[11:14] {Threei}  it is
[11:14] {magoo} what is??
[11:14] {Threei}  I'd set stop under 7.90, offer 1/4 more around 8.25 and 1/4 around 8.45
[11:22] {Threei}  there you for 1/4
[11:22] {magoo} beauty..still got 1/3
[11:24] {magoo} vad news FSLR?
[11:27] {peterg} go mgoo
[11:28] {magoo} waituing .41
[11:28] {peterg} made my usual .10 no matter how much the stock moves.
[11:28] {magoo} OUT TY vad
[11:29] {peterg} ty both for my dime.
[11:29] {ese} am back...computor decides to randomly shut off.......damn electronics...can't live with it...can't live without it.
[11:29] {Threei}  pure beauty C
[11:30] {ese} back in DRYS  .58 this time
[11:30] {wishbone} c +22 ty3i
[11:30] {Threei}  I'd say, getting this trade right on such day pretty much concludes it
[11:30] {Threei}  but I won't
[11:30] {Threei}  'cause magoo will strangle me
[11:30] {peterg} or trout you or whatever the latest version is
[11:31] {Threei}  hehe
[11:31] {Threei}  anyone got that latest version from geo?
[11:31] {Threei}  KS did fantastic work
[11:31] {Threei}  incorporating a few fancy standard ones and adding an option to type your own
06[11:31] * magoo slaps Threei around a bit with a large trout
[11:31] {Threei}  oooold...
06[11:32] * Threei slaps magoo around a bit with a large roll of cash
06[11:32] * Threei slaps magoo around a bit with a large scalping course
06[11:32] * Threei slaps magoo around a bit with a large daytrading course
06[11:32] * Threei slaps magoo around a bit with a large Master Profit Plan
06[11:32] * Threei slaps magoo around a bit with a large chart of uptrending market
[11:32] {peterg} I like the old days best before nuclear options proliferated
06[11:32] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading
06[11:32] * Threei slaps Threei around a bit with a large whatever
[11:33] {Threei}  ain't that impressive array of options
[11:34] {peterg} scary
[11:34] {Threei}  freedom of choice
[11:35] {ese} some serious pain being inflicted on this board
06[11:35] * Threei slaps laserdave1 around a bit with a large request for Enter Profitable Trades Only button
[11:36] {peterg} hi es--you using yr Mac with windows? happy with it?
[11:37] {peterg} aside from shutdown issue
[11:38] {dino} gme l .38
[11:39] {magoo} kind of a big issue ui think lol
[11:39] {magoo} C here vad?
[11:39] {Threei}  not sure mags
[11:39] {Threei}  not sayin it won't go, just no firm read
[11:42] {magoo} any Read GS
[11:43] {ese} outa here for the weekend all....have a good one...gonna ride DRYS for a little while and see what happens
[11:43] {peterg} happy trails es
[11:43] {ese} see ya peter
[11:43] {patience} peter wait
[11:43] {peterg} yah?
[11:43] {patience} i can't find half of my bikini, what to do,  plane wants to leave
[11:43] {Threei}  take are ese
[11:44] {peterg} you gotta take what you can Patience--waiting for you here!!
[11:44] {peterg} South Beach is very friendly place, full bikini not nec.
[11:45] {patience} whew!
[11:46] {peterg} I think you will like the plane--latest Gulfstream model I bought from GM
[11:46] {patience} no free loaders hitching a ride i hope
[11:46] {peterg} none
[11:48] {magoo} if IF IFFFF mkt helps..aapl go ovre 93
[11:52] {wishbone} what time does trading day end?
[11:53] {dino} 1:00
[11:53] {dino} est
[11:53] {wishbone} ty
[11:54] {dino} np
[11:58] {magoo} 93
[12:06] {dino} out gme .50, +.12
[12:08] {Threei} Long Setup:  C  .41 if holding above .30
[12:22] {peterg} my aggressive entry bit me
[12:23] {peterg} as geo says, follow the vad
[12:23] {peterg} flesh wound only
[12:24] {Threei}  DJI mildly positive, NASDAQ mildly negative... not much happens
[12:25] {dptl} market closes in 35 min right?
[12:26] {magoo} yes
[12:27] {peterg} Since this is for me vacation, I can test hypothesis vodka calms anxious nerves.
[12:27] {peterg} Answer: Yes.
[12:28] {peterg} About judgement, no clear answer yet
[12:29] {dino} clouds mine
[12:30] {peterg} you had some to cloud
[12:30] {peterg} haha
[12:32] {dino} lol
[12:32] {peterg} known throughout history for impacting judgement. 
[12:40] {dino} fwlt l .05
[12:40] {Chaeron} Good afternoon all. Hope everyone is having a great Thanksgiving weekend... even you my Canadian friends :)
[12:40] {Threei}  hey chaeron :)
[12:43] {KSystems} dino, you still in TBT?
[12:43] {dino} unfortunately
[12:43] {KSystems} heh
[12:43] {dino} .49 stop on it
[12:43] {dino} will be gone regardless by 1:00
[12:46] {dino} out tbt
[12:47] {Threei}  Ok guys, not looking for anything to happen on last 15 minutes
[12:47] {Threei}  have a great relaxing weekend, be safe on Monday,
[12:47] {Chaeron} so....... trout fight?
[12:47] {wishbone} have a great weekend all
[12:47] {Threei}  I'll see you all Tuesday mornning
[12:47] {Chaeron} (slacker)
[12:47] {patience} have an excellent time, don't get to close to the rogue waves
[12:47] {KSystems} Take care Vad, drive safely :)
[12:48] {Chaeron} take great pics as always!
[12:48] {dino} i'm out until wednesday, take care all
[12:48] {Threei}  sure will
[12:48] {peterg} safe journey 
[12:48] {magoo} im out hunting ole mossyback smokey ghost next mon,