Dec 12 2008

A few good educational discussions, one is pre-market. And yeah, profitable day again. Boring, I know. Sorry.

Session Time: Fri Dec 12 00:00:00 2008

[08:30] {Threei}  NOV ADVANCE RETAIL SALES: -1.8% V -2.0%E; LESS AUTOS: -1.6% V -1.8%E

[08:30] {Threei}  *NOV PRODUCER PRICE INDEX M/M:-2.2 % V -2.0%E; PPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E

[08:38] {hawkfan4} morning

[08:40] {patience} good morning   :)

[08:40] {Threei}  hawk, patience :)

[08:42] {_elepet} good morning

[08:42] {Threei}  elepet :)

[08:54] {Onix} gOOD MORNING ALL

[08:55] {Onix} sorry for the caps,it is not that good!

[08:55] {cosmo} good for a buggy whip rebound maybe?

[08:56] {Onix} yes, that could easily happen

[08:59] {cosmo} EXEL

[08:59] {cosmo} 4.65 pr mkt high

[08:59] {Threei}  onix, cosmo, ese :)

[08:59] {cosmo} 3i:)

[09:00] {KSystems} Good morning :)

[09:00] {Threei}  ks :)

[09:00] {Onix} hi ks

[09:02] {peterg} all; saw tv say market tanks after bailout denied. doesnt look so badf

[09:02] {cosmo} DRYS pr mkt high = 7.86  fwiw

[09:02] {cosmo} should hold 7.50  ...?

[09:06] {dino} gm all, end of days again

[09:06] {Threei}  dino :)

[09:06] {Onix} hi dino

[09:08] {peterg} i mean good morning all

[09:08] {Threei}  peter :)

[09:08] {Threei}  market is climbing back

[09:09] {Threei}  waiting for plan B as in TARP funds to automakers?

[09:09] {Geo} good morning

[09:09] {Threei}  geo

[09:09] {Onix} hi peter

[09:09] {Threei}  lol, there you go

[09:09] {Threei}  WHITE HOUSE AIDE: PRESIDENT BUSH WOULD CONSIDER USING TARP FUNDS TO HELP AUTOMAKER

[09:09] {Threei}  - Letting the automakers fail would be irresponsible.{F GM}

[09:12] {dino} this auto game reminds me of tarp game. need 6 votes to get it, do damage, drag it out for political shining, then vote it through

[09:12] {cosmo} no auto maker left behind...

[09:12] {Onix} you can read their minds already Vad?

[09:13] {Threei}  thought yesterday when they rekected a loan that would be a theme today, Onix

[09:13] {Threei}  I find it hard ti imagine they would let them fail now

[09:13] {Threei}  last thing Bush wants is to have this last stain

[09:13] {Onix} true .. just stalling like dino says

[09:13] {Threei}  he will prefer to postpone this decision and leave it to next prez

[09:14] {Threei}  so in this or that form, it will go throuhg

[09:14] {Threei}  and dino's analogy is dead on

[09:14] {dino} remember sept votes, 6 or so off. repeating imo

[09:15] {Threei}  I intend to be very conservative and risk-averse today guys

[09:15] {dptl} good morning all

[09:15] {Threei}  dp :)

[09:15] {Onix} hi dp

[09:15] {dptl} :)

[09:16] {Threei}  one reason is obvious, jerky market in highly fluid situation with constant news barrage

[09:16] {Threei}  another is...

[09:16] {Threei}  I've run incredibly long streak of winning days, can't even remember last losing one

[09:16] {Threei}  I think more than month ago

[09:16] {ese} morning

[09:16] {Threei}  there are odds

[09:17] {Onix} hi ese

[09:17] {Threei}  and I have to account them in

[09:17] {ese} hey onix

[09:17] {Threei}  whe inevitable losing day comes, I want damage to be minimal

[09:17] {dino} i understand vad

[09:17] {Threei}  the worst thing you can do in this situation is to decide that it's your genius in works,

[09:18] {Threei}  and you are immune to losses

[09:18] {wishbone} gm all

[09:18] {Threei}  wishbone :)

[09:18] {Onix} hi wishbone

[09:18] {Threei}  healthy dose of humbliness is necessary

[09:19] {Onix} otherwise the market WILL do it to you?

[09:19] {Threei}  and being humble is not really my character trait... so gotta deliberately restrain myself :)

[09:19] {Threei}  exactly onix

[09:19] {Threei}  doeas it sound familar:

[09:20] {Threei}  you win, win, win, having great streak,

[09:20] {Threei}  then one day comes

[09:20] {Threei}  that eats absolutely disproportional portion of your winnings

[09:20] {Onix} way too familiar

[09:20] {Threei}  there

[09:20] {Threei}  this is ego at work

[09:20] {lisa_jay} Hello everyone

[09:21] {Threei}  lisa :)

[09:21] {Onix} hi lisa

[09:21] {Threei}  you decided subconsiously it's not odds, it's not your system,

[09:21] {Threei}  it's YOU

[09:21] {Threei}  great and terrbile, invincible

[09:21] {Threei}  rules don't apply to you

[09:21] {Threei}  you will win anyway

[09:21] {Onix} ha-ha-ha

[09:21] {Threei}  following rules or breaking them, you are above the rules

[09:22] {Threei}  well... smackdown comes inevitable, and hard smakdown it will be

[09:22] {dino} been there

[09:22] {Threei}  yeah... ask me how I know :)

[09:22] {Onix} structure & discipline or i go under

[09:22] {peterg} just when I wuz gonna increase my share size to 2000

[09:23] {peterg} kidding

[09:23] {peterg} whom the gods would destroy, first they make proud

[09:23] {Threei}  very true

[09:23] {Threei}  http://www.realitytrader.com/blog/2007/09/costly-hiccups-do-you-have-any.html

[09:25] {Threei}  there is time for everything... sure, push harder when you are hot, but remember to start slowing down at some point

[09:25] {Threei}  and let natural cycles work their magic

[09:25] {ese} news on EXCEL anyone

[09:25] {ese} sory EXEL

[09:25] {Threei}  05:54am [EXEL] Enters global collaboration deal with BMY on two cancer programs; to receive $195M cash payment from BMY

[09:26] {ese} tks vas

[09:26] {ese} vad

[09:26] {ese} cannot spell this morning

[09:26] {Threei}  this morning? I am full of envy

[09:27] {lisa_jay} .

[09:28] {ese} morning lisa

[09:29] {lisa_jay} Hi Ese.

[09:30] {Threei}  DRYS pulled back into premarket support

[09:31] {Threei}  and bounced off it faster than I could blink

[09:32] {dino} downgrade drys to underperform fwiw

[09:34] {ese} bstop EXEL .51

[09:35] {ese} L EXEL .54 

[09:36] {Threei}  *US TREASURY READ TO PREVENT FAILURE OF US AUTOMAKERS

[09:36] {ese} stop .35

[09:36] {Threei}  ready I guess

[09:36] {Threei}  in the line above

[09:37] {ese} Out EXEL .72 lot and a 1/2 +.20

[09:37] {dino} gj

[09:37] {lisa_jay} nice

[09:37] {patience} nice ese  :)

[09:37] {ese} quick

[09:38] {dino} shld

[09:38] {Threei}  *US TREASURY: READY TO PREVENT FAILURE OF US AUTOMAKERS, PREPARED TO ASSIST INDUSTRY UNTIL CONGRESS RECOVENES

[09:38] {Threei}  {GM F}

[09:38] {Threei}  yup... can will be kicked down the road

[09:39] {dino} retail stronger

[09:39] {dino} amzn, shld cost

[09:39] {dino} etc

[09:40] {ese} L AMLN 3/4 .49

[09:41] {ese} stop .25

[09:41] {Threei}  DRYS, looking for bounce off .60 roughly

[09:42] {magoo} lisddslhdghkdjds.j

[09:43] {patience} good morning magoo

[09:43] {lisa_jay} Hi Magoo.

[09:45] {Threei}  mags :)

[09:46] {Threei}  feels like dump is coming

[09:47] {ese} hmmmm thought AMLN was gonna stop me there

[09:48] {Threei}  AMLN can be treacherous that way

[09:48] {ese} ya those big long minute bars don't look comforting for sure

[09:49] {ese} oh well....stop is in place we'll see

[09:49] {ese} STOPPED!!!

[09:50] {Threei}  hmmm... no dump

[09:51] {dino} strange

[09:51] {ese} look at it....what a piece of ......&^%^&%$&^

[09:51] {dino} lol

[09:52] {dino} i don't trust this bounce

[09:53] {ese} AMLN you mean

[09:53] {Threei}  ese, I think AMLN should be ignored on traditional breakout setups and bought for scalp on shakeouts

[09:53] {dino} markets i was thinking es

[09:53] {ese} whole heartedly agree

[09:55] {Threei}  DEC PRELIMINARY UNIVERSITY OF MICHIGAN: 59.1 V 54.5E

[09:57] {cosmo} green

[09:57] {dino} ndx green

[09:58] {cosmo} :)

[09:58] {dino} comp green

[10:00] {Threei} Long Setup:  F  2.90 if stays above 2.80

[10:02] {Threei}  UAW press conference

[10:02] {Threei}  on TC

[10:02] {Threei}  TV

[10:02] {Geo} invalid i guess

[10:03] {peterg} Bring back Walter Reuther. Samuel Gompers, they were interesting people

[10:03] {peterg} I went to school with the son of Saul Alinsky, if any remember him.

[10:03] {peterg} Interestingt people

[10:04] {peterg} a "community organizer."

[10:05] {Threei}  are you listening to this?

[10:05] {peterg} qqqq keeps going up

[10:06] {peterg} no tv here

[10:06] {Threei}  guy talks about the negotiations as if it were poker

[10:06] {Threei}  they tried to guess who bluffed, who had really strong hand

[10:06] {lisa_jay} he does look a little scared though

[10:07] {Geo} what i am amazed at is they are basically not willing to compete

[10:08] {dino} the unions much give or the workers will be out of work, imo

[10:08] {Geo} yup

[10:09] {Geo} looks like its blindingly obvious to everyone except them

[10:09] {Threei}  I guess they just play this high stakes game

[10:09] {ese} look at AMLN.......all I can say is "ALCHOHOL WORKS" !!!!

[10:10] {Threei}  counting on current powers to provide something to sustain them till Obama takes over,

[10:10] {Threei}  then having different regime and climate

[10:10] {Threei}  DRYS pulled back into support

[10:10] {Threei}  ugh... too fast again

[10:11] {Threei}  two supports here:

[10:11] {Threei}  8.50, questionable one

[10:12] {Threei}  8.30, much stronger

[10:12] {Threei}  I'll wait for another leg down

[10:12] {Threei}  there it goes

[10:13] {Threei}  come on, dive more

[10:15] {dino} mkts dropping

[10:16] {Threei}  (US) SENATOR CORKER: USING TARP FUNDS WITHOUT PROPER CONDITIONS MAY NOT BE SUCCESSFUL

[10:16] {Threei}  UAW PRESIDENT: CALLS ON THE TREASURY, FED TO ASSIST THE AUTOMAKERS, BELIEVES "THESE ARE THE ONLY OPTIONS LEFT"

[10:16] {Threei}  - Were prepared to negotiate with bill along terms provided by the White House

[10:16] {Threei}  - Had reached tenative pact with Senate Rep Crocker, GOP caucus could not be convinced of plan

[10:16] {Threei}  - Republican proposal would have required massive exchange of equity from company

[10:16] {Threei}  - Under the impression that they were being 'set up' by Republican senators

[10:16] {Threei}  - Were prepared to put job bank elimination in the bill, GOP pressed for parity with foreign auto companies operating in US{F GM}

[10:17] {Threei}  GM CO. ENCOURAGED BY THE WHITE HOUSE SAYING IT WOULD CONSIDER USING TARP FUNDS TO HELP THE AUTO INDUSTRY

[10:17] {Threei}  - says will work closely with the Administration

[10:17] {lisa_jay} drys at .30 level

[10:18] {lisa_jay} Any interest still Vad?

[10:18] {Threei}  yes but market feels like another leg down coming

[10:18] {Threei}  want to have market on our side

[10:19] {Threei}  finger on a trigger

[10:21] {Threei}  sheesh

[10:21] {magoo} in .46

[10:21] {Threei}  I am way too hesistant I guess

[10:21] {Geo} in .40

[10:21] {Threei}  hit my buy zone perfectly

[10:22] {Geo} out all

[10:22] {dino} sso hl s .5, stop .52

[10:22] {Threei}  wtg guys

[10:23] {lisa_jay} I am even more hesitant Vad...waited for dip under 30 with strenght to show and buy at .31.  Sigh.

[10:23] {Threei}  just no feeling of pattern forming confidently

[10:23] {dino} sso s was .25

[10:24] {lisa_jay} news driven day

06[10:27] * Geo slaps Threei around a bit with a large trout

[10:27] {Geo} [07:21] {Threei}  I am way too hesistant I guess

[10:27] {Geo} vad wants a perfect score

[10:27] {Threei}  no

[10:28] {Geo} j/k

[10:28] {Threei}  just don't want to get into so-so trade without having confident read on it

[10:28] {Geo} that isnt a fun answer :)

[10:29] {Threei}  sorry

[10:29] {Threei}  here is fun one

[10:29] {Geo} chop zone now i guess

06[10:29] * Threei slaps Geo around a bit with a large piece of uncertainty in the market

[10:29] {Geo} heheh

[10:34] {dino} cov sso .02, +.23

[10:35] {patience} nice dino, i'm just sitting in silver wheaton

[10:35] {dino} ty, going slow today

[10:36] {Chaeron} good morning all

[10:36] {Threei}  chaeron :)

[10:36] {lisa_jay} Hi Chaeron.

06[10:36] * dino slaps Chaeron around a bit with a large trout

[10:37] {Chaeron} Hi Threei, Lisa :) Dino...

06[10:37] * Chaeron slaps dino around a bit with a large trout

[10:37] {dino} :)

[10:37] {Chaeron} backatcha

[10:38] {Onix} hi chaeron

[10:38] {Chaeron} come on guys and girls... It's friday, let's kick it up

[10:38] {Onix} or down?

[10:38] {Chaeron} Onix :) hope you're doing good

[10:38] {Onix} so-so ty

[10:38] {Chaeron} ("well" as raven would correct me

[10:39] {dino} well

[10:39] {dino} opps

[10:39] {Chaeron} PRU

[10:39] {magoo} any read q vad?

[10:39] {Threei}  up for the moment

[10:39] {Threei}  not very far

[10:40] {Threei}  kind of scalp... but can't find the entry

[10:40] {Threei}  maybe this:

[10:40] {Threei}  .07 with stop under 29

[10:41] {Geo} ?

[10:41] {Geo} short?

[10:41] {Threei}  [10:39] {Threei} up for the moment

[10:41] {Threei}  how is it short?? :)

[10:42] {Geo} then confused about .07

[10:42] {Threei}  I was answering magoo's question about Qs

[10:42] {Geo} ahhhhh

[10:42] {Geo} i saw the big PRU

[10:42] {Geo} sorry

[10:42] {Geo} i need coffee

[10:42] {Threei}  1:1 btw, Qs

[10:42] {Geo} drat

[10:43] {Geo} still frantically scanning pru

[10:44] {Chaeron} sorry Geo... my fault

[10:44] {Threei}  anyone took that Qs?

[10:44] {magoo} looking for more vad

[10:44] {magoo} .30 area

[10:44] {Geo} nah..... getting scatterred here

[10:44] {magoo} me

[10:44] {Threei}  maybe mags... but do me a favor

[10:45] {Threei}  sell half

[10:45] {magoo} nope

[10:45] {Threei}  sigh

[10:49] {lisa_jay} gg vad

[10:50] {magoo} sigh its still scalpers mkt only i guess

[10:53] {magoo} out .30 vad TY

[10:53] {peterg} .30

[10:54] {lisa_jay} nice

[10:54] {peterg} just remarking, not making; nice mag & vad

[10:54] {magoo} finally out DRYS .73

[10:54] {magoo} TY vad

[10:55] {dino} yum hl l .50

[10:55] {dino} stop .23

[10:56] {Threei}  welcome mags

[10:56] {dino} dji wants flat imo

[11:05] {Geo} eked out 7o bucks today

[11:05] {Geo} need to leave 11:30 for kids recitals.....

[11:06] {magoo} well thats roughly $35/hour

[11:06] {Geo} not bad i guess

[11:06] {Geo} half the autoworkers

[11:06] {Threei}  lol

[11:06] {Threei}  in DRYS half lot ..69

[11:06] {Threei}  stop under .60

[11:06] {Threei}  counting on another leg up QQQQ

[11:07] {Threei}  half out .81

[11:08] {magoo} waiting .95

[11:08] {magoo} kicjng

[11:17] {Threei}  holding well this time while Qs retreat

[11:17] {Threei}  ideally, we would get sharp spike in the market now

[11:17] {Threei}  that would have sent DRYS rocketing

[11:18] {dino} feels like whoosh lower

[11:18] {Threei}  yeah

[11:19] {Threei}  anyway, stop is under b/e on second half

[11:19] {dino} sso s hl .50. stop .76

[11:20] {Threei}  out

[11:23] {dino} yum stopped -.17

[11:33] {dino} yum rinsed

[11:42] {dptl} .

[11:50] {Threei}  ‘Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?’ No! No! No! Bear Stearns is fine! Do not take your money out. … Bear Stearns is not in trouble. I mean, if anything they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly! Don’t be silly!” —Jim Cramer, responding to a viewer’s e-mail on CNBC’s Mad Money, March 11, 2008

[11:51] {wishbone} lol

[11:51] {Threei}  6 days before collapse

[11:51] {dino} cov sso .26, +.24

[11:52] {Threei}  [A]nyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of ‘recession.’” —Donald Luskin, The Washington Post, Sept. 14, 2008

[11:52] {magoo} where'd u find that?

[11:52] {Threei}  The day after Luskin’s op-ed, “Quit Doling Out That Bad-Economy Line,” appeared in the Post, Lehman Brothers filed for bankruptcy, and the rest is history.

[11:53] {Threei}  http://www.foreignpolicy.com/story/cms.php?story_id=4569&print=1

[11:56] {dino} geoy l hl .51

[12:02] {Threei}  DRYS returns to 9 for the 3rd time

[12:09] {Threei}  F...

[12:09] {Threei}  and I mean stock symbol, not what you just thought

[12:09] {dino} hey!

[12:09] {Threei}  lol

[12:09] {magoo} F U lol

06[12:10] * Threei slaps magoo around a bit with a large Dictionary of Decent Words

[12:12] {magoo} in russo?

[12:13] {Threei}  nope

[12:13] {magoo} germanic?

[12:14] {magoo} [12:13] {Threei}  nope

[12:15] {dino} canadianese?, lol

[12:19] {Threei}  DRYS is going to break this time

[12:20] {KSystems} you buying it?

[12:20] {Threei}  9.05

[12:20] {Threei}  if getting hit

[12:20] {Threei}  with stop under .90

[12:22] {Threei}  come on, move

[12:23] {Threei}  WILL ANNOUNCE LATER TODAY THAT IT IS CLOSING OF 30% OF NORTH AMERICAN PLANTS FOR Q1, CUTTING PRODUCTION BY 250K UNITS - CNBC

[12:23] {Threei}  - Reminder: Honda made a similiar announcement earlier today, cutting production by 119K units{F HMC TM}

[12:24] {Threei}  SALES CHIEF: RECENT DECEMBER SALES FIGURES ARE 'STRONG' WHEN COMPARED WITH NOVEMBER AND OCTOBER

[12:24] {Threei}  offering half .20

[12:28] {Threei}  half out .17

[12:28] {Threei}  just to decrease risk

[12:28] {Threei}  still feel it's upward bound

[12:29] {Threei}  stop just under 9 for the balance

[12:30] {ese} outta here for the weekend all see next week 

[12:30] {Threei}  take care ese

[12:30] {Threei}  stay safe in the snow

[12:30] {ese} see ya vad

[12:30] {wishbone} cya ese

[12:31] {patience} i don't have snow vad, there will be no snow....

[12:31] {wishbone} its raining here patience

[12:31] {Threei}  I hope

[12:31] {patience} exactly wishbone

[12:34] {Threei}  come on DRYS

[12:37] {Threei}  offering 1/4 .28

[12:37] {Threei}  taken

[12:38] {Threei}  last part don't know yet

[12:38] {Threei}  .45 feels about right

[12:38] {dptl} .47 :)

[12:38] {Threei}  okay :)

[12:39] {Threei}  lol, hit .45 exactly but haven't took out my offer

[12:39] {Threei}  out .35

[12:39] {Threei}  me happy

[12:40] {Threei}  who followed?

[12:40] {KSystems} i was shaken out when it touched .99

[12:40] {dptl} hehe ...you won out .30 ty

[12:40] {Threei}  uh, no

[12:40] {Threei}  dp :)

[12:41] {Threei}  sharp spike down, just 1 cents under 9, and lower band came right there for support

[12:41] {Threei}  I usually don't exit that literally

[12:41] {Threei}  typical shakeout

[12:41] {KSystems} yes...now i do see it

[12:42] {Threei}  better give it a few cents more, especially considering that first half was secured already

[12:42] {KSystems} i see

[12:42] {KSystems} thanks

[12:42] {Threei}  :)

[12:42] {wishbone} thnxs for the insight vad

[12:43] {wishbone} i've been shaken out like that many times before

[12:46] {Threei}  if you see the pattern repeating that undermines your pwrformance... what do you do? :)

[12:46] {Threei}  have a look at MPP part discussing optimizing your performance

[12:47] {Threei}  deals with exactly this

[12:48] {KSystems} I may have misinterpreted the situation with "dont lower your stop just because it may be triggered"

[12:48] {KSystems} and accepted it

[12:49] {Threei}  okay, let's make this distinction, lest I give an impression I advocate ignoring or discretionary widening the stops

[12:50] {Threei}  last thing you want to do is to move your stop lower simply because you don't want to take a loss

[12:50] {Threei}  what I mean here is the following

[12:50] {Threei}  Now and then you run stats on your trades as discussed in MPP

[12:50] {Threei}  to see if there is a certain pattern

[12:50] {Threei}  repeating itself over and over

[12:51] {Threei}  and taking you our ot trades too soon or too late.

[12:51] {lisa_jay} I think this is why you prefer to use manual stops vs. putting in system.

[12:51] {Threei}  Overtightened stops will for example be obvious if you see that on too many of your trades stock reversed very close to your stop point,

[12:51] {Threei}  just enough to shake you out.

[12:52] {Threei}  You will put your entries and exits on the chart

[12:52] {Threei}  and see what happened after your exit.

[12:52] {Threei}  If most of them did just that - you know your stops are too tight.

[12:52] {Threei}  You run very simple stats thaty show you how your result would look had ttou move a stop a few cents lower

[12:53] {Threei}  You see your profit increasing - you got your answer.

[12:53] {Threei}  This pattern of stocks diving 1-2 cents under your trailed stop and reversing immediately - I saw it way too often,

[12:53] {wishbone} can u print graphs from laser?

[12:53] {Threei}  started looking at charts closer

[12:54] {Threei}  and saw that in cases when stop was touched on sharp spike down

[12:54] {Threei}  and on touch of lowed band

[12:54] {Threei}  lower

[12:54] {KSystems} =bollinger band?

[12:54] {Threei}  they bounced immediately more often than tey continued down

[12:54] {Threei}  yes

[12:54] {KSystems} ok

[12:55] {Threei}  so, I run some paper trades

[12:55] {Threei}  saw the effectiveness of correction

[12:55] {Threei}  and made it.

[12:55] {KSystems} great advise as usual, thank you

[12:55] {KSystems} I am actually on paper for the rest of the year, to sort out things like that

[12:55] {Threei}  oh, it's all in MPP...

[12:55] {KSystems} going to go live in january

06[12:55] * Threei slaps KSystems around a bit with a large Master Profit Plan

[12:55] {wishbone} Vad is this partly why you changed band to 13 and st dev to 1.7?

[12:56] {KSystems} I should read it again

[12:56] {Threei}  just found that setting works better for intraday wishbone

[12:56] {wishbone} ok ty

[12:58] {Threei}  I am about to cry here

[12:58] {Threei}  profitable day again

[12:58] {Threei}  (so far)

[12:59] {Threei}  scared to get out of the house, briicks ough to start dropping from the sky on me

[13:00] {Threei}  lisa... you promised to laugh at my next not funny joke???

[13:00] {Threei}  that ws as it!

[13:00] {magoo} ivve seen a change in your trading vad since reading MTT

[13:00] {lisa_jay} oh....well.

[13:00] {Threei}  sigh

[13:00] {magoo} mtt=magoos trading techniques

[13:00] {Threei}  magoo... sorry, lost me

[13:01] {Threei}  ah

[13:01] {Threei}  that

[13:01] {Threei}  I honestly tried to read it

[13:01] {Threei}  but come on, you could put more in there that drunkenly drawn sketches of beer bottle and naked women

[13:02] {lisa_jay} Do you have any old Russian remedies for warding off evil (jealousy) Vad.  Then just follow it step by step.

[13:03] {Threei}  jealousy of what?

[13:03] {lisa_jay} You said that you were scared to go out of house due to everyday being profitable.

[13:04] {Threei}  well... it's unnaturally long streak

[13:04] {dino} ironically, magoo's always ducking out of the way of (thrown) bricks

[13:04] {Threei}  and I start feeling sometimes that posting those days one after another I start looking like one of those gurus who claim never being wrong

[13:04] {lisa_jay} :-)

[13:04] {Threei}  but hell... record is public in a form of calls in trading logs

[13:05] {Threei}  and yes, I do have recipe

[13:05] {Threei}  or to be exact modification

[13:05] {KSystems} We can quote that as {Threei} [...] I start feeling [...] like one of those gurus [...] never being wrong

[13:06] {Threei}  they say a cure from one woman is another... so to apply it to trading, best cure is do the same

[13:06] {dino} lol ks

[13:06] {wishbone} lol ks

[13:07] {wishbone} spin city

[13:14] {dino} mcd sm s .34

[13:33] {magoo} .

[13:39] {Threei}  http://realitytrader.com/vad/Tofino/

[13:39] {Threei}  uploaded a few photos for you

[13:40] {Threei}  chaeron... you specifically asked

[13:40] {Threei}  so I'll pretend that was for you personally, just to make you feel special

[13:40] {dino}  cov mcd .96, +.40

[13:41] {peterg} nice, can almost hear the waves

[13:41] {peterg} nice you too dino

[13:41] {peterg} you worked for it

[13:41] {Threei}  I made a little slide show with just that sound effect :)

[13:41] {dino} ty pete

[13:41] {wishbone} that one wi/ the wave curl is cool

[13:42] {Threei}  but I'll be damned if I know how to upload it

[13:42] {Threei}  whatever I do, only clickable image appears,

[13:42] {Threei}  and won't play after clicking on it

[13:42] {KSystems} what program did you make the slideshow with?

[13:42] {Threei}  Proshow Producer

[13:43] {Threei}  it gave me three files

[13:43] {dino} hmmm, mkt dropped about same time as yesterday

[13:43] {KSystems} which ones?

[13:43] {Threei}  html, swf and fiv

[13:43] {KSystems} i mean, the extension

[13:43] {KSystems} ahh

[13:43] {Threei}  uploaded all three

[13:43] {KSystems} just the biggest one

[13:43] {patience} chart patterns i'm watching have been pretty similar last few days dino

[13:43] {Threei}  fiv

[13:43] {KSystems} u sure its not flv?

[13:44] {Threei}  flv

[13:44] {KSystems} great

[13:44] {KSystems} its the format youtube uses

[13:45] {KSystems} you can upload it there

[13:45] {Threei}  can I upload it to my site?

[13:45] {Threei}  I know it's possible, my videointerview ikn that format

[13:45] {KSystems} yes just upload it

[13:45] {KSystems} it should play

[13:46] {Threei}  ok, trying again

[13:46] {Threei}  to the same folder, will tell when it's there

[13:46] {Geo} back.... we in anything?

[13:47] {Threei}  no

[13:47] {Geo} cool

[13:47] {Threei}  missed nice DRYS trade earlier

[13:47] {Threei}  you missed I mean

[13:47] {Geo} ah well kids recital worth it

[13:47] {peterg} what instrument?

[13:47] {Geo} nah christmas recital singing

[13:47] {peterg} voice instrument

[13:48] {Geo} she is 4

[13:48] {peterg} cute

[13:48] {Threei}  {wishbone} that one wi/ the wave curl is cool

[13:48] {Threei}  [13:42] {Threei} but I'll be damned if I know how to upload it

[13:48] {dino} wmt sm l .06

[13:48] {dino} stop lod

[13:49] {Threei}  wishbone... can't tell you hiow many shots it took to catch that moment :)

[13:49] {wishbone} and it's breaking against the rocks on rhs

[13:50] {wishbone} how close were you....were you using zoom?

[13:50] {Threei}  also had to watch out... position on the top of those rocks gave the bext angle but didn't feel very safe, lol

[13:50] {wishbone} ya i bet lol

[13:50] {Threei}  fairly close

[13:50] {Threei}  and patience scared me with tales of rogue waves

[13:51] {Threei}  KS... uploaded

[13:51] {KSystems} ok  its playing here

[13:51] {KSystems} but it may be because of some extra software i have installed

[13:51] {KSystems} can someone else try as well?

[13:52] {lisa_jay} tofino show..played on my computer too.

[13:52] {Threei}  OK... enjoy then :)

[13:52] {lisa_jay} thanks vad

[13:52] {Threei}  I'll watch it on my belowed big screen tv in dvd format, lol

[13:53] {Threei}  or beloved

[13:53] {Threei}  not sure what I need to do to embed it... when I click it suggests me to download it

[13:55] {KSystems} thats right

[13:55] {KSystems} download it and play it in a media player

[13:55] {KSystems} its not too trivial to embed it

[13:56] {Threei}  well, html file it created opens it embedded on my comp

[13:56] {Threei}  but not when I upload it

[13:56] {patience} very beautiful vad

[13:56] {Threei}  ty

[13:59] {Threei}  oh, and music... I composed and played too

06[14:00] * Threei is thinking, what the heck, bricks are going to drop on my head anyway, might just as well take some more credits

[14:01] {peterg} Im dreaming of a white brickmas

[14:02] {peterg} est. time to complete tofino download; five minutes

[14:02] {Threei}  wow

[14:03] {peterg} must be feature lenght movie hm?

[14:03] {peterg} or computer inhabited by gremlins, etc

[14:03] {Threei}  what are you, on 32K modem? :)

[14:03] {peterg} original 2k

[14:04] {peterg} nah, full bore adsl

[14:04] {Threei}  it's just 33 MB

[14:04] {peterg} well, maybe Ill end up hosting your site in my computer

[14:09] {dino}  out wmt .40, +.34

[14:09] {lisa_jay} nice dino

[14:09] {patience} you're having a good day dino

[14:09] {dino} finally,

[14:10] {dino} dec. hot and cold

[14:16] {Threei}  got a feeling DRYS is preparing surprise?

[14:18] {peterg} up or down?

[14:18] {Threei}  up...

[14:18] {peterg} calling it?

[14:19] {Threei}  tentatively

[14:19] {Threei}  needs market help

[14:20] {peterg} not getting it yet

[14:20] {Threei}  no

[14:21] {Threei}  but if market bounces, .31 long for scalp[

[14:21] {Threei}  with stop under .25 or .20

[14:23] {Threei}  half out

[14:23] {Threei}  .43

[14:23] {peterg} got .08 ty vad

[14:23] {Threei}  :)

[14:24] {KSystems} ok ladies and gentlemen

[14:24] {KSystems} I'm out for the day

[14:24] {Threei}  take care ks

[14:24] {KSystems} Have a great weekend and see you all on Monday!

[14:24] {peterg} K K! 

[14:24] {magoo} bye KS

[14:24] {wishbone} cya ks

[14:29] {dino} cya ks

[14:35] {dino} t & hon raised dividends today

[14:39] {Threei}  see how willing DRYS is?

[14:41] {Threei}  interestinfg scalpable pattern on it

[14:41] {Threei}  huge offer taken out

[14:41] {Threei}  almost always gives quick relatively safe 10-15 cents

[14:42] {Geo} got it

[14:42] {Geo} had missed your last call

[14:43] {Threei}  .42 was latest instance

[14:43] {Threei}  but broke while I typed

06[14:43] * Chaeron slaps laserdave1 around a bit with a large trout

[14:44] {Chaeron} Dave - please DCC

[14:44] {dino} out geoy .82, +.31

[14:44] {Threei}  wtg

[14:44] {dino} took a(w)hile

[14:45] {dino} c'mon, family guy joke

[14:45] {Threei}  gosh

[14:45] {Threei}  now I remember :)

[14:46] {dino} :)

[14:46] {Chaeron} heheh... love Stewie

[14:46] {Threei}  wouldn't get it without explanation :)

[14:48] {dino} funny show

[14:48] {dino} brbv

[14:50] {Threei}  market helps

[14:52] {Chaeron} DCC Dave?

[14:52] {Geo} in

[14:52] {Threei}  from?

06[14:53] * Chaeron slaps laserdave1 around a bit with a large trout

[14:53] {Geo} .7

[14:53] {Threei}  saw that huge offer being taken out?

[14:53] {Geo} y

[14:53] {Threei}  cool beans

[14:53] {dino} oil waking

[14:53] {Geo} loving it vad

[14:53] {Threei}  I hit it too, but I went for scalp type I

[14:54] {Geo} still nursing 200

[14:54] {Geo} out

[14:54] {Threei}  love it when I describe a pattern and you guys utilize it on your own

[14:55] {Threei}  like with those UAUA teleportations

[14:55] {Threei}  tricks that appear now and then on different stocks and are very playable by careful observer

[14:56] {Threei}  CREE

[14:56] {Threei}  TICKING HIGHER AS CEO APPEARS ON CNBC

[14:56] {Threei}  - CEO: Expects to benefit from any Obama Administration, state government spending on energy efficiency.

[14:58] {Threei}  so Geo

[14:58] {Threei}  your wining streak continues uninterrupted?

[14:58] {Geo} this is third week

[14:59] {Threei}  good

[14:59] {Geo} averaged 1X for me overall

[14:59] {Threei}  I am looking for someone to get hit by brick rain

[14:59] {Geo} having lower X helps confidence lol

[14:59] {Threei}  so I don't feel alone

[14:59] {Geo} not me

[14:59] {Geo} i was pious at christmas recital

06[15:00] * Geo folds hands and looks sideways

[15:00] {Threei}  you'd better take that .80 break on DRYS

[15:00] {Threei}  worked like charm for a quick scalp again

[15:01] {Geo} slowing down as goal met

[15:01] {Geo} now only will take gold plated blinking light calls

[15:01] {Threei}  I just can't pass free money

[15:01] {Geo} sigh

[15:01] {Geo} 100 at .86

[15:01] {Threei}  I mean, Qs spiking, huge offer at day's high being scrolled through

[15:02] {Geo} beautifull

[15:02] {Chaeron} dang it I knew I shoud have gotten that Platinum Membership like Geo has  with th blinking lights and whistles.

[15:02] {Threei}  virtually guaranteed 5-6 cents in 5 seconds

[15:02] {Threei}  how can I skeip it

[15:02] {Threei}  with market being jerky and sensitive to news that may come out any swcond, I prefer to do type I on these right now

[15:03] {dino} out oxy at .20, +.50

[15:03] {Threei}  wow dino

[15:03] {Geo} dino taking revenge for last couple of das

[15:03] {Threei}  das included?

[15:03] {Geo} das boot !!!

[15:04] {dino} lol geo just lucky

[15:09] {Threei}  I just finished conversation with the luckiest person on earth

[15:09] {Threei}  get this

[15:09] {Threei}  guy phones, old buddy I haven't headr from in about a year

[15:09] {Threei}  says listen,

[15:10] {Threei}  I was terribly busy with some personal stuff, romance got bad, then good, then bad again, in short - total seesaw in personal life

[15:10] {Threei}  and now that I got a chance to look around

[15:10] {Threei}  I hear there is some financial crisis or something

[15:11] {Threei}  could you give me quick breakdown what that's about?

[15:11] {Threei}  I said, you know what... live happily for a few months more, I'll tell you when it's over one way or another

[15:12] {Threei}  I am full of envy

[15:14] {Threei}  okay, no one talks to me... monastery

[15:14] {lisa_jay} Friday evening...

[15:14] {Threei}  happy hour in monastery

[15:15] {Threei}  sen Dodd on TV

[15:16] {dino} who was that rfr calling?

[15:16] {Threei}  lol

[15:17] {dino} i was serious

[15:17] {Threei}  no :)

[15:17] {Threei}  SEN DODD: WHITE HOUSE MAY ANNOUNCE SOME ACTION ON AUTOMAKER BAILOUT LATER TODAY OR THIS WEEKEND

[15:17] {Threei}  {GM F}

[15:22] {laserdave1} chaeron dcc

[15:31] {dino} vad, gj on the calm/lay-back speech this morning, helped me out

[15:32] {Threei}  :)

[15:32] {patience} dino, you making the 3:40 call?

[15:36] {dino} i just said it to magoo, gun them up at 3:40, let's see

[15:36] {Threei}  dawg, you alive out there?

[15:36] {Threei}  haven't heard from you in a week

[15:38] {dino} here it goes

[15:39] {Threei}  .45 drys

[15:39] {Threei}  huge offer

[15:39] {dino} theres' 50 pts dji

[15:41] {dawg} just getting use to Laser Vad only had it running since Monday but a nice trade in Drys thank you!

[15:41] {Threei}  :)

[15:42] {Threei}  don't hesitate to ask if have questions

[15:42] {Threei}  and bug dave to no end

[15:42] {lisa_jay} Hi Dawg!

[15:42] {dawg} Will do ty

[15:42] {Threei}  getting feel for how powerful that thing is?

[15:42] {dawg} Hi Lisa you have been doing well

[15:43] {lisa_jay} Been distracted a lot...got sick kids back to back staying home :-(

[15:44] {lisa_jay} Not much time to trade.

[15:44] {dawg} I know how  that goes Lisa

[15:46] {dino} hows that for a 3:40

[15:46] {patience} yup, they are using the same pattern

[15:47] {dptl} have a good weekend all

[15:48] {lisa_jay} Bye DPTL

[15:48] {Threei}  take care dp

[15:48] {dino} between 12-1:30 they bring them down too patience, look at 5 day

[15:48] {dino} cya dp

[15:49] {patience} i've taken to watching the 10 minute charts to get a better idea of what is happening

[15:50] {dino} i like daily/3 ,in and 5 day 12

[15:50] {dino} in=min

[15:52] {Threei}  going to wrap it up on this

[15:52] {Threei}  thank you all, have a great relaxing weekend

[15:52] {Threei}  see you all on Monday

[15:53] {lisa_jay} Thanks Vad.  Learnt a lot this week.  

[15:53] {Threei}  great to hear Lisa

[15:53] {Threei}  I intend to be here for a few weeks more, before I finally depart to my monastery...

[15:53] {Threei}  so... :)

[15:54] {lisa_jay} Will figure out which monastery...and send Geo and Chaeron with new questions for you.

[15:54] {dino} lol

[15:54] {dino} you aren't going anywhere hot shot

[15:55] {Threei}  make sure they carry a lot of beer, meat and, ummm, deep scientific magazines

[15:55] {lisa_jay} I'm sure they will. 

[16:06] {dino} gn all