Dec 23 2008

Not much interesting. Scalping day, not very active at that. Slightly positive but nothing to yell on the intersections about.

Session Time: Tue Dec 23 00:00:00 2008

[07:50] {magoo} morning

[08:03] {Threei}  Good morning

[08:04] {magoo} vad:)

[08:05] {Threei}  snow cleaning again? or what made you wake up so early? :)

[08:06] {magoo} my strong work ethic he he

[08:06] {Threei}  hiccup

[08:07] {magoo} vad, any news AAPL...RIMM...BIDU..GOOG?

[08:09] {Threei}  nah

[08:10] {magoo} check a couple more ok?  POT, FSLR, GS

[08:10] {Threei}  BALTIC DRY BULK INDEX FALLS 2.1% (FOURTH CONSECUTIVE DROP)

[08:11] {Threei}  [GS] The Goldman Sachs Group Inc JP Morgan analysts amends FY09 EPS target of $6.25 v $7.00 prior view

[08:11] {Threei}  - Analyst amends Morgan Stanley's FY09 EPS view to $2.35 v $2.15 prior

[08:15] {magoo} WOW AMAG

[08:19] {Threei}  12/22/08 08:01pm

[08:19] {Threei}  [AMAG] AMAG Pharmaceuticals Receives Complete Response Letter from the FDA for Ferumoxytol

[08:19] {Threei}  - The FDA indicated in its letter that the following additional information is required prior to granting approval of ferumoxytol: Data to clarify a specific chemistry, manufacturing and controls question; resolution of the deficiencies observed during the pre-approval inspection of the Companys manufacturing facility; and finalization of labeling discussions with the FDA.

[08:24] {Larisa1} gm threei, magoo :)

[08:24] {Threei}  Larisa :)

[08:25] {magoo} larisa:)

[08:25] {Threei}  sheesh EPIX

[08:26] {magoo} u in it?

[08:27] {Threei}  I wish

[08:27] {Threei}  scalped at the end of the day

[08:27] {Threei}  thought of taking it overnight, then decided against

[08:30] {Threei}  *Q3 FINAL GDP ANNUALIZED: -0.5% V -0.5%E

[08:30] {Threei}  PERSONAL CONSUMPTION: -3.8% V -3.7%E

[08:30] {Threei}  Q3 FINAL GDP PRICE INDEX: 3.9% V 4.2%E; CORE PCE Q/Q: 2.4% V 2.6%E

[08:40] {lisa_jay} Good morning.

[08:40] {Threei}  lisa :)

[08:41] {lisa_jay} Thanks for the e-mail yesterday Vad.

[08:42] {Threei}  welcome

[08:45] {Larisa1} hi lisa :)

[08:47] {lisa_jay} Hi Larisa.

[08:48] {dino} gm all

[08:49] {Larisa1} dino :)

[08:50] {dino} :)

[08:51] {dino} schw blood

[08:52] {Threei}  dino :)

[08:52] {dino} 3i :)

[08:55] {Raven}  Morning :)

[08:55] {Threei}  raven :)

[08:56] {Raven}  T:)

[08:59] {wishbone} gm all

[08:59] {Threei}  wish :)

[09:00] {Onix} Good morning everybody

[09:00] {Threei}  onix :)

[09:04] {KSystems} Good morning :)

[09:04] {Threei}  ks :)

[09:05] {Onix} hi ks

[09:07] {Geo} good morning

[09:07] {Threei}  geo :)

[09:10] {dawg} gm all

[09:10] {Threei}  dawg :)

[09:10] {Onix} hi dawg

[09:12] {dawg} Hello Onix

[09:12] {dino} overnight, out aapl .62, +1.02

[09:13] {patience} beautiful dino, good morning RT

[09:13] {Threei}  patience :)

[09:13] {dino} lucky, could've just as easily fallen, but ty

[09:15] {Onix} hi patience

[09:16] {_elepet} good morning all

[09:16] {lisa_jay} DRYS down 6% premarket.

[09:16] {Onix} hi elepet

[09:18] {ese} morning

[09:18] {Threei}  elepet, ese :)

[09:21] {Threei}  EPIX will likely provide scalping opportunities but it's a pure momo thing

[09:21] {Threei}  not much technical to it

[09:21] {patience} momo is me

[09:23] {Threei}  DRYS is mostly baltic index driven

[09:23] {Threei}  and it's down third time i a row, after 8 days of increases

[09:26] {Onix} hi ese

[09:27] {dptl} good morning all

[09:27] {Onix} hi dp

[09:27] {Threei}  dp :)

[09:28] {dino} baltic index, bloomberg.com/apps/quote&ticker=BDIY:IND

[09:30] {ese} hey onix

[09:30] {ese} dp

[09:30] {dptl} :)

[09:30] {ese} was up making coffee to inject intervenously

[09:33] {dino} nice

[09:33] {ese} bstop EPIX .55

[09:35] {Threei}  RIMM, watch for long half lot around .60

[09:35] {Threei}  desirably with sharp NQ spike

[09:37] {dino} wfsl

[09:37] {lisa_jay} r u in rimm vad?

[09:38] {Threei}  .67

[09:38] {lisa_jay} nice

[09:38] {magoo} .71

[09:38] {Threei}  out

[09:38] {tomg} thanks vad

[09:38] {Threei}  welcome guys

[09:38] {Threei}  need another pullback

[09:41] {magoo} im waiting 42.34

[09:41] {magoo} may not get it

[09:42] {Threei}  holding well

[09:42] {Threei}  little market help should do it

[09:43] {Threei}  42 break is important

[09:43] {Threei}  there you go

[09:44] {Threei}  EPIX... ergh

[09:45] {lisa_jay} is rimm buy here vad?

[09:45] {ese} EPIX  I missed it 

[09:45] {Threei}  NTMD

[09:45] {Threei}  12/23/08 02:30am

[09:45] {Threei}  [GSK] Glaxosmithkline PLC Enters Alliance with Archemix to Develop Aptamers to Treat Inflammatory Diseases

[09:45] {Threei}  - Archemix announced a worldwide alliance to discover, develop and commercialise aptamer therapeutics to treat inflammatory diseases, such as rheumatoid arthritis and inflammatory bowel disease.

[09:45] {Threei}  - Under the terms of the agreement, Archemix will receive $27.5M in upfront payments from GSK, including a $6.5M equity investment by GSK in the company. Archemix could also be eligible to receive up to $200M in development, regulatory and sales milestone payments for each of the seven aptamer therapeutics which may be discovered and developed as part of the alliance. Archemix would also receive tiered royalties up to lower double digits on worldwide sales of products that may result from the alliance.

[09:46] {dino} sm l fxi .18

[09:46] {Threei}  feels so lisa

[09:46] {lisa_jay} missed anyways, 

[09:46] {magoo} out RIMM herer TY vad

[09:46] {magoo} .24

[09:47] {lisa_jay} nice

[09:47] {Threei}  gj mags

[09:52] {magoo} i wish SANTA would sober up and appear TODAY

[09:53] {patience} he did, my goldcorp is up $1.22 today...just waiting for a bit more

[09:55] {Threei}  DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 60.1 V 58.8E

[09:58] {dino} lol

[09:59] {Threei}  FMCN

[09:59] {Threei}  9 break long, very risky

[09:59] {lisa_jay} stop vad?

[10:00] {Threei}  undr .90, .85

[10:00] {dino} sso hl l .92

[10:00] {Threei}  NOV EXISTING HOME SALES: 4.49M V 4.93ME (% M/M)

[10:00] {Threei}  OV NEW HOME SALES: 407K V 415K

[10:00] {Threei}  DEC RICHMOND FED MANUFACTURING INDEX: -55 V -40E

[10:02] {Geo} huge offer fmcn

[10:02] {Threei}  OCT HOUSE PRICE INDEX: 1.1 % V -1.3%E

[10:02] {Threei}  that's the idea

[10:05] {dptl} you in?

[10:05] {lisa_jay} in

[10:06] {Threei}  not very convincing... I like them acting faster after such significant break

[10:06] {dino} tbt hl l .10

[10:07] {lisa_jay} out

[10:08] {ese} long EPIX .74

[10:08] {dptl} ouch

[10:08] {Threei}  out .90

[10:09] {lisa_jay} u did say very risky!!!!

[10:09] {Threei}  that EDGX offer never got taken out

[10:10] {Threei}  it canceled, then reappeared

[10:11] {ese} tight stop to break even .74

[10:12] {patience} oil dropping....feb contract now below 40...not good

[10:12] {Threei}  for whom?

[10:13] {lisa_jay} commodities?

[10:13] {patience} broke a technical line...was hoping 40 would hold so banks would start going up

[10:13] {patience} that would be my technical analysis    :)   very sophisticated

[10:14] {Threei}  UBCP, is this spread for real?

[10:14] {lisa_jay} If you make money off of it...which you seem to do...

[10:14] {Threei}  it's not criminal?

[10:14] {patience} i do alot of reading lisa and try to scalp momo off the news

[10:15] {lisa_jay} i like how you are so focused and disciplined.

[10:15] {ese} EPI

[10:15] {ese} x

[10:15] {ese}   stopped even

[10:15] {patience} just my style, comfort level...don't like risking capital

[10:16] {ese} was worth a try......thought that it would give 2.00 a shot

[10:17] {lisa_jay} AMZN forming asc. triangle.

[10:22] {KSystems} i was away for some time...

[10:22] {KSystems} what about volume today?

[10:23] {Threei}  a bit early to tell

[10:23] {Threei}  so far on a low side

[10:23] {KSystems} i see...thank youi

[10:23] {lisa_jay} fmcn broke 9

[10:24] {Geo} dunno lisa

[10:24] {Geo} market on low end of range

[10:25] {lisa_jay} ok, thanks Geo

[10:28] {Geo} hehe

[10:28] {Geo} sorry lisa

[10:28] {lisa_jay} why, i am sure i would have been stopped out....somehow...The trading Gods absolutely love me.

[10:29] {lisa_jay} I am just watching...only taking Vad's calls.

[10:30] {Threei}  DRYS, watch for pullback to .80 roughly

[10:30] {Threei}  for long entry

[10:31] {Threei}  WHITE HOUSE: US ECONOMY WILL BE WORSE IN Q4 THAN IN Q3

[10:31] {Threei}  no, really?

[10:32] {ese} already priced in

[10:32] {Threei}  no pullback

[10:36] {dino} now what say that again

[10:36] {dino} why

[10:40] {lisa_jay} .

[10:42] {lisa_jay} Vad, Drys still valid?

[10:43] {patience} hey Ese, you see we're supposed to get 10 to 20 cm snow today?

[10:43] {Threei}  yes isa

[10:43] {Threei}  watch nasdaq

[10:44] {lisa_jay} could you just say "IN" when you enter. ... Thanks.

[10:47] {_elepet} anyone in hig?

[10:47] {Geo} watching PLD

[10:47] {ese} PLD bstop 11.16

[10:47] {Geo} :)

[10:48] {Larisa1} HIG was nice play in the morning off 15.50 support . having trouble with 16.80 resis now. Unless market really jumps.

[10:49] {ese} i like that chart lpattern geo

[10:49] {dptl} 1 min ese?

[10:49] {ese} yes

[10:50] {Threei}  PLD some hard to digest news

[10:50] {_elepet} I bought HIG yesterday at 15.94 and am wondering about exit point.

[10:51] {Threei}  jerky market elepet, no real firm read... why not protect profits and sleep well

[10:51] {ese} agressive entry PLD s small .04

[10:51] {Threei}  take off 2/3 of position,

[10:51] {ese} thats long small not s

[10:51] {Threei}  let the rest trade with stop under breakeven

[10:52] {Larisa1} nice ele, I would not let HIG go under 16.40 and if 17 breaks, will go higher/ Just imo 

[10:53] {Larisa1} or what threei said :) can not argue with a Master :)

[10:53] {Threei}  12/23/08 08:40am

[10:53] {Threei}  [PLD] ProLogis To divest China operations and 20% interest in Japan Property Funds to GIC Real Estate for $1.3B

[10:53] {Threei}  - The net proceeds will be used to reduce debt.

[10:53] {Threei}  - Company expects to record a modest net loss on the transaction of approximately 4% to 6%of the book value of the assets sold.

[10:53] {Threei}  - Co' development pipeline as of September 30, 2008 will be reduced by $1.0B, including $255M in costs to complete development of the assets owned directly and within Prologis'' development joint ventures in China.

[10:53] {Threei}  - The company expects to close the transaction in January 2009

[10:54] {Threei}  - CEO: In one substantial step, this transaction helps ProLogis de-lever its balance sheet, relieve near-term re-financing pressure and enhance liquidity

[10:54] {Threei}  - Selling our China operations and our investment in the Japan funds was not an easy decision; however, this represents a major milestone in the implementation of the plan we outlined last month to strengthen the company''s balance sheet in order to meet the challenges of the current environment.

[10:54] {Threei}  to me, it reads as "dump the future prospects in order to survive today"

[10:54] {Threei}  wide open to interpretations

[10:56] {ese} ya......i think i'd take it thqat way too....

[10:58] {dino} sso stopped flat

[11:03] {Threei}  DRYS

[11:03] {magoo} in?

[11:03] {Threei}  one more leg down for teleportation entry

[11:03] {Threei}  closer to .70

[11:03] {Threei}  or if market sp;ikes, .80 break

[11:04] {lisa_jay} r u in vad?

[11:04] {Threei}  missed it... if you got it, stop under .75 and look for a scalp

[11:05] {lisa_jay} ok, thanks.

[11:06] {_elepet} thanks vad, larissa. sold some HIG. 

[11:07] {Larisa1} good job ele

[11:10] {ese} something keeps pushing PLD up ...regardless of the news

[11:15] {Threei}  in

[11:15] {Threei}  .62

[11:16] {Threei}  stop under .50

[11:16] {Threei}  .55 for hard core scalpers

[11:18] {Threei}  more weakness in the market

[11:19] {Threei}  CBC, next topic: Garden City under the snow

[11:20] {Threei}  the rest of Canada has their 1 in a 10 years chance to gloat

[11:24] {lisa_jay} TOS fills are amazing....

[11:24] {lisa_jay} out 2/3rds DRYS .10c

[11:24] {Threei}  out .72

[11:24] {Geo} all vad?

[11:24] {Threei}  yeah

[11:25] {Geo} low vol stophunting IMO

[11:25] {lisa_jay} out rest flat.

[11:25] {lisa_jay} Thanks Vad.

[11:26] {jmb} thanks vad

[11:26] {ese} pld stopped....

[11:27] {wishbone} Lisa what are TOS fills?

[11:28] {lisa_jay} Sorry wishbone...my trading platform Think or Swim...not as fast a laser but holding its own.

[11:28] {ese} -.32 on 300shs PLD

[11:28] {ese} rats

[11:29] {wishbone} oh..ok ty

[11:34] {dino} gg sm l .90

[11:41] {Threei}  GM under 3

[11:41] {Threei}  I can't watch this

[11:41] {Geo} personally i dont know trading this week is a good idea

[11:41] {Geo} anemic vol with drifting

[11:44] {Threei}  RIMM .93 short with stop above 42

[11:44] {Threei}  invalidated

[11:45] {dino}  i'm w/you geo

[11:46] {dino} nonsense moves

[11:46] {Geo} I am sitting in front of pc while getting whole house ducting changed.....

[11:46] {Geo} fun times

[11:46] {magoo} sopme of biggest moves asre days like today imo

[11:47] {dino} gas hookups being done at my house today. i am responsible for oil crash

[11:48] {magoo} and i thank u for that...truly

[11:48] {dino} any time

[11:48] {Threei}  used to be oil heating?

[11:49] {dino} yes for 13 years, last year spent $3k on heat, said thats it

[11:50] {Geo} natural gs hookup here

[11:50] {Geo} dont know which works better

[11:51] {dino} neighbors spent $1,800/year last year on gas, so i switched. and gas is way down too, so hopefully................

[11:52] {Geo} nice

[11:52] {magoo} why not hook your a*s up to your house dino??

[11:52] {Geo} hmmmm

[11:53] {wishbone} lol

[11:53] {dino} well, as they say magoo, theres a chair for every azz

[11:57] {dino} lod

[11:57] {Threei}  watching DRYS for quick trip to .50 or under for bounce scalp

[11:58] {Threei}  why did RIMM have to invalidate the short before triggering

[12:00] {lisa_jay} r u in drys vad?

[12:00] {Threei}  no

[12:06] {ese} long EPIX 3/4's .45

[12:07] {ese} going against index ......we'll see.....

[12:08] {ese} thinking it's bottomed out

[12:09] {dino} abfs

[12:10] {dptl} short drys ?

[12:11] {lisa_jay} Is it available to short Dp?

[12:11] {dptl} ups ...no

[12:12] {Threei}  I wouldn't anyway

[12:12] {magoo} u guys are obsessed with DRYS

[12:13] {ese} are you looking at abfs dino

[12:14] {lisa_jay} Yes Magoo...my husband thinks its a name for a Harlequine romance hero or something..

[12:14] {lisa_jay} Drys Shipman

[12:14] {Geo} [12:57] {magoo} I HATE DREYS

[12:14] {magoo} i do

[12:14] {magoo} its a poor trader

[12:14] {ese} out EPIX -,04

[12:15] {Threei}  if I weren't lazy, I'd go over calls on it over last two or three weeks, you'd be amazed how this poor trader performed for us

[12:16] {magoo} if i went over my DRYS im down

[12:17] {dino} hmmmm cat fight

[12:17] {magoo} so i HATE it

[12:17] {wishbone} lol

[12:17] {Geo} 2 slothfull fatcats

[12:17] {Geo} no disrespect intended

[12:18] {magoo} we cant all be yes men in the room :)

[12:18] {dino} fwiw, the dji has been negative since tuesday close

[12:18] {Geo} no vad no we still worship you.................

06[12:19] * Geo is bored

[12:19] {magoo} and fat

[12:19] {Geo} sez who?

[12:19] {dino} 1 plus day in last 7 trading days

[12:19] {dino} dji

[12:20] {dino} imo, they will be markling up big next week, just like last month and month before

[12:20] {magoo} patience told us he he

[12:20] {dino} fed gave the wink, we are not checking up on you

[12:21] {Geo} hmmm dino

[12:21] {patience} ty magoo, i'm expecting down next week but i'll trade what i see

[12:21] {ese} I can't find nut un.......there just ain't any trades to be had

[12:21] {Geo} selling to gussy up year end portfolios for fund managers?

[12:22] {magoo} mkt bounce time imo

[12:23] {magoo} slothy..guussy..quite the lingo lol

[12:24] {lisa_jay} amzn has been good

[12:24] {Threei}  you remember why they downgraded Pluto from planet status to asteroid?

[12:25] {Threei}  said it was small, not bright enough and gussy

[12:25] {lisa_jay} too small?

[12:25] {ese} anyone have a take on how the lower crude prices may effect airline fares?    My high school R&B band has an invitation to 3 european festivals...Belgium, Denmark and Norway.

[12:25] {ese} for the summer

[12:26] {wishbone} vol spike q's

[12:26] {Geo} thanks you magoo have been brushing up my english

[12:26] {Larisa1} GEO, what does your nick mean, Group of Earth Observation or  Global Environment Outlook ?

[12:26] {Geo} used to be GeoArb larissa

[12:26] {Geo} "they" mutiliated it

[12:27] {magoo} they??

[12:27] {ese} mine too

[12:27] {Geo} geographical arbitrage

[12:27] {Larisa1} even better :)

[12:27] {wishbone} lol

[12:27] {lisa_jay} always wondered too.

[12:27] {Geo} just a fancier name for migrants Larissa :)

[12:27] {dino} hmmm, and mine was simply dino the dinosaur

06[12:27] * Threei is now known as nick mutilator

[12:28] {Larisa1} where are you from Geo ?

[12:28] {Geo} = land of phone call reps

[12:28] {Threei}  don't tell me it was you who picked up the phone when I called DELL support

[12:28] {magoo} i was megamagoomiesterbra

[12:29] {Geo} bra magoo?

[12:29] {magoo} oops,lol

[12:29] {magoo} bro

[12:29] {lisa_jay} Those are very sturdy brand Magoo

[12:29] {Threei}  freudian slip?

[12:29] {Geo} if you heard a cackling it was me 3i

[12:30] {Geo} ehtnically indian larissa

[12:30] {Geo} 10 years California 18 yrs africa and 5 yrs India

[12:30] {Geo} now in cyberspace

[12:30] {lisa_jay} I was in Zambia for 5 years Geo.

[12:31] {Geo} nice lisa

[12:31] {lisa_jay} which counry in Africa?

[12:32] {Geo} mediterranean circle

[12:32] {Geo} Libya/Egypt/Malta/Italy

[12:32] {Geo} dad liked to travel

[12:32] {Larisa1} after 18 african years you are oficially "africanian"  :)

[12:32] {Threei}  Italy} in Africa?

[12:33] {Geo} majority was in africa

[12:33] {Geo} i should just say Mediterranean i guess

[12:33] {lisa_jay} Was Mrs. Geo in Africa too?

[12:33] {Geo} yeah

[12:34] {Geo} dated her in high school there

[12:34] {lisa_jay} wow

[12:35] {Geo} i am still stuck on magoo's new nicknale

[12:35] {Geo} name

[12:35] {Geo} vad you should change it back

[12:35] {Threei}  can't

[12:35] {Threei}  other bra producers object

[12:35] {Geo} come on

[12:35] {Geo} it will kill me to think magoo has to type that everyday to get in

[12:35] {Geo} lol

[12:36] {Threei}  'cept our mIRC is on autoconnect :)

[12:36] {Geo} trust me he wouldnt know how to /nick

06[12:36] * laserdave1 slaps Threei around a bit with a large trout

06[12:36] * Geo slaps laserdave1 around a bit with a large slab of canadian ham

[12:37] {laserdave1} who the heck gave u canadian ham?

[12:37] {Threei}  lol

[12:37] {Geo} i got it in the canadian consulate

[12:37] {wishbone} what no maple syrup?

[12:37] {laserdave1} laserdave1 slaps magoo around with Vad

[12:37] {Geo} tough to slap with

06[12:39] * magoo slaps laserdave1 around a bit with a large a basket full of cheer

[12:40] {laserdave1} this slapping is contageous

[12:40] {laserdave1} contagese

[12:40] {laserdave1} contageis

[12:40] {Geo} contango

[12:40] {laserdave1} contageeze

[12:44] {Larisa1} never before presidents were so e-mail active. Getting e-mails from Michelle and Barack every day :)

[12:44] {Threei}  it's just the mouse stuck on Send button

[12:45] {Larisa1} no!  dats because i am vevy important!

[12:47] {Threei}  let me check

[12:47] {Larisa1} bet he is checking his junk e-mail

[12:48] {Threei}  yup/// Michelee says you are

[12:48] {Larisa1} oh :)

[12:48] {Larisa1} ty

[12:49] {ese} long KHD .38 1/2

[12:55] {lisa_jay} nice KHD 

[12:57] {ese} not holding my breath today...this will only mitigate my -.32 in PLD earlier if it works

[12:58] {lisa_jay} Vad, Amzn - would this be a double bottom...for educational reasons only.  Thanks.

[12:58] {ese} out  KHD .68 +.30

[12:58] {lisa_jay} nice

[12:58] {Onix} gj

[12:58] {ese} tks

[12:59] {Threei}  what do tou see as bottoms?

[12:59] {Threei}  you

[12:59] {ese} how bout that....Vads strategy works....keep plugging away and limit losses

[12:59] {Threei}  it does

[13:00] {lisa_jay} From 12 - 12.20 and 12.35 - 12.45

[13:00] {Threei}  take valid setups and play them by the book... the rest will take care of itself

[13:00] {dino} gj es

[13:00] {Threei}  not very pronounced formation lisa

[13:01] {ese} yes......although sometimes I get too aggressive and should be waiting for the setup to appear

[13:01] {lisa_jay} Ok, thanks Vad.

[13:01] {Geo} someone comitted suicide?

[13:02] {Geo} CNBC

[13:02] {ese} huh?

[13:02] {ese} crammer?

[13:02] {Geo} you wish

[13:03] {ese} I give up ....who?

[13:03] {Threei}  some fund manager linked to Madoff

[13:03] {ese} ahhhh....

[13:04] {Threei}  now... Ponzi scheme is criminal, no?

[13:04] {ese} not crammer then.....

[13:04] {Threei}  what do you call the very idea of practically all social programs, benefits and pensions then?

[13:05] {wishbone} like income trusts in canada

[13:05] {Threei}  they all are based on payment to early "investors" from what today's ones bring,

[13:05] {Threei}  they all rely on eternal increase in numbers

[13:06] {ese} don't think thats quite true....

[13:06] {Threei}  and they all collapse if demographics (attraction of new "investors") cotract

[13:06] {ese} money is suppose to be invested properly

[13:07] {dino} es, you forget that politics gets involved

[13:07] {dino} give them more to get elected, messes up whole system

[13:07] {ese} to some extent they require new investors.....but not to just keep the trust going,,...legit ones anyway

[13:07] {ese} although those trust can certainly be mismanaged

[13:11] {magoo} vad..i am eating bacon..and i know u care

[13:12] {dino} sm l oxy .50

[13:12] {magoo} VAD DCC

[13:12] {Threei}  I don't care mags

[13:12] {Threei}  I have my own

[13:12] {Larisa1} vad is healthy eater. carrots for lunch. i hope

06[13:13] * Geo still keeping his slappable canadian ham

[13:13] {Threei}  although I never refuse a chance to get someone else's

[13:13] {magoo} dcc vad

[13:13] {Threei}  carrots

[13:13] {Threei}  yeah

[13:13] {Threei}  that's it

[13:14] {laserdave1} laserdave1 grabs geos canadian ham and slaps geo with it

[13:14] {laserdave1} ahhhhhhhh i see how that works

[13:14] {laserdave1} i like it

[13:14] {Geo} sniff

[13:14] {Threei}  put them in microwave, nuke the so they are crispy, juicy, fat melts

[13:14] {Geo} thats was uncalled for

[13:15] {Threei}  oh wait... that's bacon

[13:15] {Threei}  I just keep it in carrot's package

[13:15] {ese} rats had limit order in ARTC at .48   missed it

[13:15] {magoo} geo...hook laserdave up with slap program ppppaaaalllleeeasses

[13:16] {Geo} nah

[13:16] {Geo} its funny watching him struggle

[13:16] {Threei}  careful geo

[13:16] {laserdave1} Cmon struggle

[13:16] {Threei}  I made too much fun of him once

[13:16] {laserdave1} look at the stuff i come up with

[13:16] {Threei}  guess what he did

[13:17] {magoo} geo..if u use lasaer platform..u made ned dave someday

[13:17] {Geo} jimmied your laser?

[13:17] {Threei}  disconnected my fills from actual market...

[13:17] {Threei}  I traded so well

06[13:17] * Geo frantically looking up instructions for dav

[13:17] {Threei}  but it was all sim as I found out at the end of the month

[13:18] {Threei}  heck, he even was so generous, he gave me $1 price improvements

[13:18] {Geo} look email dave

[13:18] {Threei}  you should hear his evilish laughter when I called to ask where my profits were

[13:18] {Geo} hey dave does laser have sim?

[13:18] {Geo} (serious question)

[13:19] {laserdave1} u mean demos

[13:19] {laserdave1} we have

[13:19] {Geo} demo with real time data

[13:19] {Geo} not prepackaged data

[13:19] {ese} ARTC nice move

[13:20] {Geo} ?

[13:21] {laserdave1} dcc

[13:21] {lisa_jay} Ese, if your entry would have been at .47, where would you put the stop.  Thanks.

[13:23] {lisa_jay} on ARTC

[13:23] {ese} was only going for a 1/2 lot  so was thinking .25

[13:24] {lisa_jay} K, THANKS

[13:24] {lisa_jay} sorry caps

[13:25] {ese} risk $125 for the possiblilty of it going to 5.00 for 250 2:1

[13:26] {lisa_jay} ok.

06[13:27] * laserdave1 slaps Threei around a bit with a large trout

[13:28] {Geo} do you see more slapping options dave?

06[13:28] * laserdave1 slaps Threei around a bit with a large trout

[13:29] {ese} ARTC almost at 5....damn

06[13:29] * magoo slaps Threei around a bit with a large geos canadian bacon which vad stole first but magoo stole from vad when he went looking for fry pan

[13:29] {Geo} HAM HAM

[13:29] {magoo} no, u still have your HAM..but u no longer have your bacon

[13:30] {patience} i have the green egs if you need them Geo

[13:30] {lisa_jay} lol

[13:31] {ese} ARTC  5.00 tsk tsk tsk....what a waste....of no profit

[13:31] {Geo} sigh

06[13:31] * Geo crack open a cognac

06[13:32] * laserdave1 slaps Threei around a bit with a large roll of cash

06[13:32] * laserdave1 slaps Threei around a bit with a large scalping course

[13:32] {Geo} try the last one dave

06[13:32] * laserdave1 slaps Threei around a bit with a large hammer

[13:32] {Geo} nice

[13:33] {lisa_jay} Ese, i feel your pain.

[13:33] {laserdave1} ty so much

[13:33] {laserdave1} very nice

[13:33] {laserdave1} i like 

[13:33] {laserdave1} yes i like

[13:33] {laserdave1} yes

06[13:33] * Geo slaps laserdave1 around a bit with a large tub of canadian maple sugar cookies

06[13:34] * laserdave1 slaps Threei around a bit with a large Santa

[13:34] {laserdave1} nice

[13:34] {ese} yup......thats the type of pain that i've learned to sluff off......used to bug me that i wasn't in but that was a dangerous emotion

[13:34] {laserdave1} i see u have the canadian option built in

[13:35] {Geo} nah

[13:35] {Geo} all in my mind

[13:35] {Geo} just thinking of all the stuff i bough when i was visiting

[13:35] {magoo} jeez dave

[13:35] {lisa_jay} I am working through that Ese...will conqor it eventually with Vad's help.

[13:36] {magoo} i told him to hook u up...not one slap

[13:36] {ese} that emotion can kill your account......specifically the next time when you have a bad trade and you decide to stay in..

[13:36] {ese} when you should get out

[13:36] {lisa_jay} Ese, when do yo move stop to brekeven to wait out for 1:2

[13:37] {lisa_jay} You don't partial out right?

[13:37] {dino} out gg .30, +.40 all day

[13:37] {ese} hmmmmmmm......i don't really partial but i probably should.....

[13:37] {lisa_jay} nice Dino.

[13:38] {Onix} gj

[13:38] {dino} ty lj

[13:38] {ese} usually i don't want to loose anymore then 150 to 200 on any particular trade.....but i'll get out sooner or move the stop up quick if I think the trade ir really risky

[13:38] {dino} and onix

[13:39] {lisa_jay} ok, thanks Ese.

[13:40] {ese} i've tried to learn from vad about position size....in terms of goin 1/2 or full lots.......it's half usually for me if volume is under 2 mill

[13:41] {ese} i've gotten used to seeing what vad sees....I think.....when he's looking for steady prints.

[13:41] {dino} uso wants green imo

[13:41] {ese} that reduces risk for me anyway

[13:42] {ese} if prints are not steady one way or the other i'm usually 1/2 lot or less

[13:44] {lisa_jay} Thanks Ese, learning something everyday.

[13:47] {ese} also trying to learn how dino has mastered short cover rallys.....borders on the existential 

[13:48] {dino} lol

[13:48] {dino} out oxy .90, +.40

[13:48] {lisa_jay} Nice 

[13:48] {dino} ty

[13:49] {dino} es, sm size allows for entry errors

[13:49] {ese} have practised traded a few but have not got them to work for me

[13:49] {ese} for your short cover rallys?

[13:49] {dino} y

[13:49] {ese} tks

[13:50] {dino} also, look at support levels from days/weeks past

[13:50] {dino} we know yesterdays, 8372 dji; 1169 ndx; 871 s&p

[13:51] {dino} and dec. 8,118, 1096, 818

[13:51] {ese} yes....and do you wait for those levels in particular to trade off of

[13:52] {dino} i use prior day, then weekly, then monthly(which hasn't come too close yet)

[13:52] {dino} overall, we are in a big range sell dji over 8800, buy around 8300

[13:53] {ese} have been kind of aware of that......need to pay more attention to it though

[13:54] {dino} 500 pts right, and typically we range 300 pts/day, so....extrapolate

[13:54] {ese} (: 

[13:55] {dino} ok, do we drop hard again at 2?

[13:55] {dino} and bounce big around 3:35-40

[13:56] {patience} i scalp goldcorp frequently...30 minute daily charts for the past 10 days...very similar pattern

[13:56] {dino} gg

[13:56] {patience} i just keep scalping whomever set up the buy/sell program

[13:57] {patience} although volume has lightened up

[13:57] {dino} gj, nice 5 days pattern too29=-27.50ish

[13:57] {patience} i'm trading on the canadian side but american must be similar

[13:58] {patience} i'll sell my goldcorp stock this week because COTS reports say gold is down next week probably

[13:58] {ese} theres your dow answer dino.....20pts jump

[13:58] {patience} i'll keep the options

[13:58] {dino} i think head fake es, but will wait a few

[13:59] {dino} same pattern yestday'

[13:59] {Threei}  we may get some ramp up here

[13:59] {lisa_jay} Amzn breaking out of asc triangle.

[13:59] {dino} and fri, and thurs

[14:00] {Geo} nice patience

[14:01] {Geo} i just started reading a book on the cots report

[14:01] {Geo} just trying to figure it out

[14:01] {patience} http://www.cotstimer.blogspot.com/

[14:01] {ese} patience....do you wait for one dn or up bar and on a reversal and then enter at the high or low of the bar 30mins that is?

[14:01] {patience} this guy is fixated with it, i leave him to do the number crunching

[14:02] {Geo} some people i know use this: http://www.bullishreview.com/

[14:02] {patience} thanks geo

[14:02] {Geo} they do well I dont use it though

[14:02] {patience} ese, i use the 30 or 60 to look for larger patterns

[14:03] {Geo} dont trade commodities much

[14:03] {patience} i use shorter timeframes for scalping

[14:03] {patience} 5 or 10 minutes

[14:03] {patience} then go by rsi and macd

[14:03] {Threei}  RIMM

[14:03] {Threei}  long .96 if takes that offer by UBSS at .95

[14:04] {Threei}  needless to say, with market help

[14:04] {Geo} thanks a lot patience........ what are some  good gold symbols?

[14:05] {Geo} will make for good vacation reading :)

[14:05] {patience} depends on your risk profile

[14:05] {magoo} go ahead and say it vad

[14:05] {patience} i like goldcorp for scalping, barrick can act weird around options expiry

[14:05] {Geo} medium lol

[14:05] {patience} used to scalp kinross alot, but they own russian gold mine....so no more

[14:06] {Geo} you dont do just plain gold?

[14:06] {patience} i don't do juniors any more, they can fold in an eyeblink

[14:06] {patience} i buy gold physical

[14:06] {Geo} ahhhh

[14:06] {patience} i do gold etf's, although

[14:06] {Geo} symbols?

[14:06] {patience} i'm nervous of etf's starting to have to fold some of their stuff now

[14:06] {Geo} gld?

[14:07] {patience} that's on the u.s. side right?

[14:07] {dino} y

[14:07] {patience} i don't do u.s. anymore, currency fluctuation is too volatile

[14:07] {Geo} thats UBSS 390 no budging

[14:08] {Threei}  oil 39?

[14:09] {patience} 39.04

[14:09] {patience} has gone back up

[14:09] {Geo} invalid vad?

[14:10] {Threei}  that far from trigger, I'd rather switch to scalping bounce when marketreverses

[14:11] {wishbone} don't have UBSS on level 2 in Laser

[14:11] {wishbone} . Is that something to pay for....anyone?

[14:11] {Threei}  no

[14:11] {Threei}  just one of MMs

[14:11] {wishbone} setting  in level 2?

[14:12] {Threei}  look DRYS

[14:12] {Threei}  see him at 9.73?

[14:12] {Geo} MADF disseappeared hehehehehehe

[14:12] {Threei}  .75 now

[14:12] {wishbone} ooops sorry...looking at rimm!:) thnxs Vad

[14:12] {Threei}  on RIMM he is just too far from current market

[14:13] {Geo} its there at rimm at .95

[14:13] {wishbone} ok ty Geo

[14:14] {Geo} MADF used to be madoff

[14:16] {dino} cb sm l .95

[14:17] {lisa_jay} vad u in rimm?

[14:17] {Threei}  no

[14:18] {Threei}  slept through reversal

[14:18] {lisa_jay} :-)

[14:21] {lisa_jay} false break out?

[14:21] {lisa_jay} markets

[14:23] {Threei}  it's not even breakout

[14:23] {Threei}  merely little bounce

06[14:24] * magoo slaps Threei around a bit with a large motivational manuel on how too pick trades condstantly bv recognizing setups

[14:25] {Threei}  I think I am retiring...

[14:26] {patience} magoo, aren't you a little nervous meeting Vad in Nassau and him teaching you some water therapy at the beach

06[14:26] * magoo slaps Threei around a bit with a large large book about how to enjoy golden years of retirement thru running daytrading scalp room

06[14:26] * Threei makes a mental notice of necessity to master and perfect waterboarding techniques

[14:27] {magoo} i cant find any bus tickets to nassau yet

[14:27] {patience} uh huh, i believe you

[14:27] {Threei}  that's because it's only accessible by street-car

[14:28] {lisa_jay} amzn

[14:28] {lisa_jay} sorry...too many screens to type into...

[14:41] {dptl} .

[14:48] {dino} cb stopped -.37

[14:49] {dino} sso bottom yesterday around 23.84

[14:49] {magoo} VADDDDDd

[14:49] {magoo} bouncers??

[14:49] {Threei}  I'd feel more confident about that if we made one more sharp leg down

[14:50] {Threei}  all we are getting on this selloffs is a few cents bounce

[14:50] {Threei}  not worth the risk

[14:51] {dino} wait magoo

[14:51] {dino} 3:35 for the bounces

[14:52] {ese} have a great rest of the day all....have shoppin g to do see ya tamara.

[14:52] {Threei}  take care ese, drive carefully

[14:52] {Threei}  they promised more of this white stuff

[14:52] {ese} will do

[14:53] {lisa_jay} bye Ese

[14:53] {dino} cya es

[14:53] {patience} bye ese

[14:53] {wishbone} take er easy ese

[14:53] {dino} that guy's fast

[14:58] {Threei}  wish... how does your Murano hegotiate this slush?

[14:58] {wishbone} wicked...had to put er in AWD a couple times....you?

[14:58] {Threei}  well, mine is Winnipeg-trained {G}

[14:59] {wishbone} lol

[14:59] {Threei}  it runs AWD automatically

[14:59] {Threei}  turns

[14:59] {wishbone} no button on lower console?

[14:59] {Threei}  yes

[15:00] {dino} panl

[15:00] {Threei}  I just found out it always turns it on before I can when road conditions warrant it

[15:00] {wishbone} hmmm

[15:01] {Threei}  had to switch to L though to get out of my residential

[15:01] {Threei}  and being a good neighbor, made couple circles to pack the snow for smaller cars

[15:01] {wishbone} oh.....nice

[15:02] {lisa_jay} Dino, what are the key reversal times that you look at.  Thanks.

[15:07] {dino} 2:00 it's been falling hard and 3:35-40 it's benn closing up hard (80-100 pt moves)

[15:07] {dino} benn=been

[15:08] {dino} 857 s&p lod yesterday, 1169 ndx, 8519 dji, watch them imo

[15:08] {dino} dji 8372

[15:09] {lisa_jay} thank you.

[15:09] {dino} np

[15:11] {dino} perhaps everybody wants to get in front of the 3:35 train

[15:12] {lisa_jay} looks like that

[15:14] {Threei}  lisa, if you want nicely shaped double bottom, RIMM shows just that

[15:14] {lisa_jay} Ok, thanks vad.

[15:15] {Geo} hmmm

[15:15] {Geo} nice shaped double bottom

[15:15] {Threei}  hmmm

[15:15] {Threei}  sounded better before I said it

[15:16] {magoo} give me a winner for 1000 bux into bell vad

[15:17] {Geo} 350 here pls

[15:17] {Threei}  1000 is a bit too much.... but if haven;t hated DRYS so much you would take .70 break just now

[15:17] {Threei}  big offer

[15:19] {magoo} u can do better than that boss

[15:22] {patience} magoo, you have heard the expression 'floaters

[15:23] {Threei}  RIMM bounce area is around .60 this time

[15:23] {magoo} i like that :)

[15:23] {patience} oops, i was thinking that, how did that suddenly appear in type

[15:24] {Threei}  in, stop under .50

[15:24] {Threei}  ugh, don't chase

[15:25] {Threei}  too fast

[15:25] {lisa_jay} whrere u in from?

[15:25] {Threei}  .58

[15:25] {Threei}  just a scalp so no chasing that far

[15:26] {Threei}  and missed exit while typed, lol

[15:26] {Threei}  anywat, stop under .50

[15:26] {lisa_jay} sorry

[15:26] {Threei}  nah, I missed it while typed stuff before your question :)

[15:27] {Threei}  out

[15:27] {Threei}  .70

[15:27] {lisa_jay} ok, now that is how you scalp Lisa!

[15:27] {Threei}  ecept no incessant typing between entry and exit, lol

[15:28] {magoo} nice vad

[15:28] {Threei}  you don't know best part yet maags

[15:28] {magoo} full lot?

[15:28] {Threei}  never thought I would do ever this but

[15:28] {Threei}  double lot

[15:29] {Larisa1} double lor and you are typing in between ?  careful vad :)

[15:29] {magoo} magoo faints..heads smacks keyboard..buys doublre lot goog while he is unconscious

[15:30] {Threei}  yeah, that wasn't very smart of me

[15:30] {patience} magoo, if you are going to do one of your extreme trades, wait a sec, i'll get a glass of wine and watch you

[15:30] {Threei}  RIMM really changed its wicked ways

[15:30] {patience} used to love watching magoo's friday afternoon trades

[15:30] {Threei}  still a great trader but so much more manageable

[15:31] {patience} Rimm or magoo?

[15:31] {Larisa1} lol

[15:31] {Threei}  magoo is unmanageable

[15:32] {cosmo} PALM's up ... in a cup&handle ... could get hot...

[15:33] {cosmo} at .67

[15:33] {Threei}  and yesterday high is nearby, .71

[15:33] {Threei}  interesting find cosmo

[15:33] {cosmo} a bail out play...

[15:36] {Threei}  watching for another bounce from under .70

[15:36] {Threei}  RIMM

[15:36] {Onix} ty Vad, i got 20c in RIMM

[15:36] {Threei}  wtg onix

[15:36] {magoo} in rimm .49

[15:37] {dino} wtg

[15:37] {lisa_jay} nice Onix

[15:37] {Threei}  .49?

[15:38] {magoo} freak..i in AAPL

[15:38] {magoo} mistake

[15:38] {magoo} watching aapl

[15:39] {Onix} ty

[15:41] {magoo} out 

[15:41] {magoo} dummy

[15:41] {Threei}  in

[15:41] {Threei}  .66

[15:41] {Threei}  stop under .60, very tight

[15:43] {Threei}  CFTC HAS REPORTEDLY APPROVED PROPOSAL FOR CLEARING OF CREDIT DEFAULT SWAPS

[15:43] {dino} cb sm l .35

[15:43] {Threei}  CME is probably beneficiary

[15:44] {Threei}  tough one to trade

[15:47] {Threei}  half out RIMM .75

[15:47] {Threei}  just to rewduce the risk

[15:47] {Threei}  takes a bit too long

[15:47] {dino} ok's cme credit deriviatives clearing plan, cyber

[15:48] {Threei}  moving

[15:48] {Threei}  horrific spread

[15:49] {dino} y

06[15:50] * Threei kicks RIMM in the rear

[15:50] {dino} will watch cme tomprrow

[15:50] {dino} tomorrow

[15:51] {Threei}  you think its spread improves overnight?? :)

[15:51] {magoo} ive seen it go 10 points in last 10 minutes before

[15:51] {magoo} dangerous

[15:51] {magoo} safer taking 2k goog

[15:52] {lisa_jay} Thanks Vad, got 9c on Rimm

[15:52] {Threei}  see? it's easy

[15:52] {dino} thing is risky, but news seems good, was 225 a few days ago

[15:53] {dino} 2 days ago

[15:53] {lisa_jay} Only when you call em Vad.

[15:55] {patience} last hour trading volumes getting impressive these days, more overnight trading happening

[15:56] {dino} all those traders thrown out of work at the big boys patience

[15:56] {patience} i guess dino

[15:56] {dptl} have a good evening all

[15:56] {patience} i've put in overnight sell orders

[15:56] {dino} we may see a new rise of the daytrader

[15:56] {Threei}  take care dp

[15:56] {patience} let's see how they do with risk when its their money dino...

[15:56] {patience} bye dp

[15:57] {dino} lol patience

[15:57] {dino} cya dp

[15:57] {lisa_jay} Thanks everyone.

[15:57] {dino} cya lj

[15:57] {Threei}  out RIMM balance .

[15:57] {Threei}  .78

[15:57] {wishbone} bye lisa

[15:57] {Threei}  time ran out on me :)

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {Larisa1} bye all

[15:58] {patience} thanks all

[15:58] {dino} cya vadster

[16:00] {dino} out cb .60, +.25

[16:02] {magoo} good nite vad..all