Monday, December 29, 2008

Dec 29 2008

Mostly slow day, still presented a few nice trades. SLW particularly was useful educational one as we applied so called "umbrella concept".  See the comments from 10:00 and on for more details.


Session Time: Mon Dec 29 00:00:01 2008

[08:30] {Threei}  NYMEX FEB CRUDE FUTURES MOVE BACK BELOW $40/BARREL - TRADERS
[08:30] {Threei}  **Note Crude drifting lower after Senegal Foreign Min stated that Hamas Chief Meshaal was ready to sign a peace agreement
[08:43] {Threei}  REPORTEDLY PALESTINIANS BREAKOFF PEACE TALKS
[08:47] {Onix} Good morning everybody
[08:48] {Threei}  onix :)
[08:59] {gen} gm rt
[08:59] {Threei}  gen :)
[08:59] {gen} :)
[09:00] {KSystems} Good morning
[09:01] {Threei}  ks :)
[09:03] {Onix} hi gen; ks
[09:06] {gen} Onix ,ks:) 
[09:07] {ese} good morning......
[09:07] {dawg} gm all
[09:08] {Onix} hi dawg
[09:08] {lisa_jay} Good morning.
[09:08] {magoo} morning
[09:08] {Onix} hi lisa; magoo
[09:09] {lisa_jay} Hi Magoo, Onix, Dawg, Ese, Gen, Ksystems, Threei :-)
[09:10] {gen} lisa, magoo, dawg, ese :)
[09:11] {dawg} Hello Onix
[09:11] {Threei}  ese, dawg, magoo, lisa :)
[09:12] {Threei}  so... as if 2008 was too boring, we got new war on its last days
[09:15] {Onix} hi ese
[09:15] {ese} hey onix....happy new year all....
[09:15] {Onix} just seems as if that war will never end
[09:15] {Onix} ty
[09:16] {Threei}  thank you ese, you too!
[09:16] {ese} vodka all around .....on vad...bonus for being on the board??????
[09:16] {Threei}  sure, just don't let dp to pour it
[09:17] {Threei}  he knows just one measurement: to the rim
[09:17] {ese} my kind of measuring
[09:18] {Threei}  watching SLW, possible mover on renewed commodities strength
[09:18] {Threei}  GG
[09:18] {Threei}  USO
[09:19] {Threei}  half eye on PLD to see if there is a desire for momo continuation
[09:19] {ese} done
[09:19] {dino} gmn all
[09:19] {Threei}  dino :)
[09:19] {dino} gm that is
[09:20] {gen} dino:)
[09:20] {dino} 'gm gen
[09:21] {Onix} hi dino
[09:22] {dino} :)
[09:23] {magoo} vad, news AAPL..RIMM..FSLR??
[09:24] {Threei}  nope
[09:26] {dptl} good morning all
[09:27] {dino} zacks buy on rimm
[09:27] {gen} dp:)
[09:27] {dptl} :)
[09:28] {magoo} ty
[09:29] {ese} whats with LINE?
[09:29] {Threei}  dp :)
[09:29] {Threei}  12/27/08 10:32am
[09:29] {Threei}  Barron's Cover Story: HPQ is Printing Profits
[09:29] {Threei}  ** also in Barron's this week: positive on MICC and LINE; credit card issuers face tough times.
[09:30] {Threei}  - positive feature Linn Energy MLP (LINE) a gas and oil driller that pays out close to 70% of its quarterly cash flow to its shareholders. The shares have been halved recently, but could rebound back to their peak if the limited partnership can maintain its level of cash-flow distributions
[09:33] {patience} out Gordcorp +3.03 - I'm done for the day   :)    good morning RT
[09:33] {Threei} Long Setup:  SLW  .30 break if stays above .15
[09:33] {Threei}  nice hold patience
[09:33] {magoo} in SLW
[09:33] {patience} involuntary, tsx was closed last friday
[09:34] {ese} nice patience....
[09:35] {Onix} in .32
[09:35] {Threei}  look to half out SLW closer to .50
[09:35] {magoo} waiting .47
[09:36] {Threei} Long Setup:  GG  half lot 31 break if stays above .85
[09:39] {Threei} Long Setup:  PLD  half lot .20 if stays above 13
[09:39] {Threei}  GG invalidated
[09:39] {dino} gj patience
[09:39] {Threei}  SLW 1:1, half out
[09:40] {magoo} out .47 TY
[09:40] {Threei}  welcome
[09:40] {ese} good job all...
[09:40] {Threei}  PLD invalidated
[09:41] {Threei}  bounce candidate but no read here
[09:41] {magoo} USO bouncer vad?
[09:42] {Threei}  offering 1/4 more SLW .59
[09:43] {Threei}  not sure here mags
[09:43] {magoo} ok ty
[09:43] {magoo} beauty SLW boss
[09:43] {Onix} 1/2 out slw .49
[09:44] {gen} SLW .55
[09:44] {Threei}  out 1/4 .54
[09:44] {gen} ty Vad
[09:44] {Threei}  :)
[09:45] {Threei}  stop for the last part is under .30
[09:46] {Threei}  with most of profit protected want to let it breathe and move
[09:47] {magoo} wheres support? .30 ish/
[09:49] {Threei}  most pronounced one, yes
[09:50] {Threei}  pld
[09:51] {Threei}  ugh
[09:51] {Threei}  missed that sharp selloff
[09:51] {Larisa1} nah, it was not catchable bottom
[09:51] {Threei}  I guess
[09:51] {wishbone} gg
[09:56] {Threei}  if this last portion is stopped on SLW, this one is not done most likely
[09:56] {Threei}  just need something new to shape up on it
[09:57] {Threei}  don't be in any rush to force new trades, our strategy till jan is to be relaxed and picky
[09:57] {Threei}  hunt and peck
[09:57] {Threei}  not that we are going to become particularly tense in Jan, mind you
[10:00] {Threei}  we can try kind of umbrella trade on SLW here
[10:00] {Threei}  if stays above .40, buy 1/4 back on .45 break
[10:00] {Threei}  stop for this 1/4 is under .40
[10:00] {Threei}  if moves, ride half lot into .55 and higher, look to unload it around .60
[10:01] {Threei}  unload 1/4 that is
[10:01] {Threei}  still keeping first 1/4 as core position
[10:01] {Threei}  confusing enough? :)
[10:01] {Onix} clear as mud :)
[10:01] {KSystems} order status page looking funny now :)
[10:03] {Threei}  consider them 2 separate positions, those 1/4s
[10:03] {Threei}  one is still with stop under .30 and for riding
[10:03] {Threei}  another is .45 break entry
[10:03] {Threei}  with stop under last low and for exit around .60
[10:04] {Threei}  umbrella concept, scalping around core position
[10:06] {Threei}  getting full lot and grabbing 1:1 would be more in the spirit of the concept, I just don't want to overcommit in this environemnt, and keep this trade as kind of training wheels
[10:06] {Threei}  because we will do more of this kind as bull market arrives
[10:07] {Threei}  feel free to take scalp on this second 1/4 anytime
[10:07] {Threei}  it's over 1:1
[10:08] {Threei}  WHITE HOUSE PRESS SEC: VIOLENCE IN GAZA WILL NOT STOP UNTIL HAMAS CEASES ROCKET FIRE IN ISREAL
[10:10] {Threei}  where is Geo, missing such an educational trade
[10:10] {Threei}  where is Chaeron the Adorable, he is just missed
[10:10] {Larisa1} sigh
[10:11] {Threei} Long Setup:  AUY  7.40 if stays above 7.30
[10:11] {dino} fwiw, watching ccc, rvbd, panl, gild
[10:12] {dino} afam too
[10:18] {Larisa1} vad, on PLD, capitulation bottom was too fast to catch, jumped with spread .25. But would you short it on a bounce back to 13 (10:04)  with a stop just above 13, or too strong bounce for shorting ?
[10:19] {Threei}  hard to tell
[10:19] {Threei}  one of those that look easy in hindsight
[10:19] {Threei}  but during the development, not much to hang your hat on
[10:20] {dino} 8391 dji target
[10:23] {Threei}  NY FED: REFRAINING FROM OPEN MARKET OPERATIONS
[10:23] {Threei}  coward
[10:25] {Chaeron} who you callin' yellow?"... :) Good morning all
[10:25] {Threei}  hi Chaeron :)
[10:26] {Threei}  [10:10] {Threei} where is Chaeron the Adorable, he is just missed
[10:26] {Larisa1} morning Chaeron :)
[10:26] {Chaeron} awww thanks... but that title just doesn't strike fear in men's hearts.......
[10:28] {dino} no, not really
[10:28] {Threei}  but it's so warm and fuzzy
[10:29] {Geo} gm traders !
[10:29] {Chaeron} hi Geo
[10:30] {Threei}  Geo :)
[10:30] {Threei}  [10:10] {Threei} where is Geo, missing such an educational trade
[10:30] {Threei}  there... they heard me or what
[10:31] {Geo} :)
[10:31] {Threei}  SLW new high
[10:31] {Geo} i was planning to slack till jan
[10:31] {Geo} couldnt keep away
[10:31] {Threei}  can trail dtop to under .40 now
[10:32] {Threei}  dtop = stop, I guess
[10:33] {Threei}  AUY stop to .34
[10:33] {dino} nwpx
[10:38] {ese} long JASO .32
[10:43] {dino} sm l gild .40, stop .07
[10:51] {Threei}  SLW umbrella trade can be engaged once again with .55 break if stays above .50
[10:52] {dino} sm l ccc .00., stop lod
[11:01] {Threei}  ISRAELI DEPUTY PM: ISRAEL'S GOALS ARE TO BRING DOWN HAMAS
[11:04] {Threei}  overall, liking this approach tried on SLW today?
[11:07] {Larisa1} group tough to please, you need to try harder threei :)
[11:07] {magoo} yup
[11:07] {Onix} it is looking good, but i sold out earlier, ty
[11:08] {Threei}  every time I try harder I just fall asleep
[11:09] {Larisa1} open your windows, cold air will wake you up :) 
[11:09] {dino} out gild .60, +.20
[11:09] {Onix} gj
[11:10] {dino} ty
[11:11] {Threei}  that would go against my actual purpose larisa
[11:11] {Threei}  making money while being barely awake (or half asleep), and by no means do anything that could get me wake up fully - that's the idea state
[11:12] {Threei}  ideal
[11:13] {lisa_jay} Is the SLW trade still valid (umbrella)?
[11:13] {lisa_jay} Thanks.
[11:14] {Threei}  no, holding .50 was a condition
[11:14] {Threei}  and it didn't just dip 1 cents below
[11:29] {magoo} Q read vad?
[11:30] {Threei}  chart wise, scalp on a long side with .70 trigger
[11:30] {Threei}  how reliable it is in so slow trading, no idea
[11:30] {dino} afam sm l .70, gappy, wide risky
[11:31] {dino} grrr nwpx was waiting s at .84
[11:33] {lisa_jay} Come one AUY break .50 already.
[11:36] {dino} rbn sm l .96
[11:40] {dino} stop is .63
[11:44] {Threei}  AUY 1:1
[11:44] {lisa_jay} out half...thanks Vad.
[11:44] {Onix} beautiful patience Vad
[11:45] {Threei}  wasn't hard really
[11:45] {Threei}  it never jeopardized the stop
[11:45] {Threei}  just slow, so what... what's my hurry
[11:46] {Onix} true
[11:54] {dino} rimm gap around 38.44 fwiw
[12:06] {ese} hello ...anyone there.....was disconnected
[12:06] {patience} hi ese
[12:06] {ese} hi patience tks
[12:06] {dino} plfe drop
[12:06] {Threei}  yeah, server hiccup
[12:07] {Threei}  today kind of redefines slow
[12:07] {patience} i like how slw is holding
[12:07] {patience} light volume though
[12:07] {Threei}  if magoo bought .69 QQQQ which he asked about 35 minutes ago, he would be whooping 5 cents
[12:08] {dino} rbn stopped -.33
[12:08] {ese} out JASO.... +.15 on 1400shs...... was taking eons to move
[12:08] {ese} 200 beans works for me
[12:08] {patience} no kidding
[12:08] {Threei}  wtg
[12:09] {Geo} server yawned too
[12:09] {ese} tks
[12:09] {Threei}  can you blame it Geo?
[12:09] {lisa_jay} Seesh....looks like my microwave is affecting the server too.
[12:10] {Geo} whatcha cooking lisa?
[12:10] {lisa_jay} Anyways, out AUY got 11c and 17c Thanks Vad.
[12:10] {Threei}  good job lisa
[12:10] {Onix} wtg lisa!
[12:10] {lisa_jay} Thanks Onix.
[12:11] {dptl} mur?
[12:12] {Threei}  you really feel like messing with such thin stock during so thin trading?
[12:12] {ese} Liiiiiiiisssssssssa   BAAAAAABY!!!!!!!!!!       wtg
[12:12] {lisa_jay} :-)
[12:12] {lisa_jay} Vad's call.
[12:13] {Threei}  MUR is walking recipe with unnecessary stop
[12:13] {ese} yep ....for alot of mine as well....
[12:13] {dptl} yeah....tru
[12:13] {dino} rbn tags stop classic nyse junk
[12:14] {dino} gj es, lj
[12:14] {lisa_jay} I hate NySE stocks now...used to trade them a lot before Vad...Always stopped out.
[12:15] {Threei}  well, SLW and AUY are not exactly NASDAQ :)
[12:16] {dino} lol
[12:16] {lisa_jay} You have expeirence in palcing stops..
[12:16] {lisa_jay} I didn't...don't...will i ever?
[12:16] {Threei}  come on...
[12:17] {Threei}  are there really many ways to place stop?
[12:18] {dino} imo only 2 ways
[12:18] {lisa_jay} Come and get me stops...or you can't catch me stops :-)
[12:20] {lisa_jay} Seriously, Vad's blog post on stops is really helpfull.  Using that as a blue print takes out lot of stress.
[12:21] {Geo} youre not using the 2nd sigma vol based chandler stops?
[12:21] {lisa_jay} lol
[12:21] {Geo} heheheh
[12:21] {Geo} but they are real you know
[12:22] {lisa_jay} Ok.
[12:22] {Geo} http://www.fibonaccitrader.com/HELP/INDICATORS/ChandelierStop/chandelier_stop.htm
06[12:22] * Geo doesnt use it or know anyone who does
[12:24] {KSystems} Chuck does, geo ;)
[12:24] {Geo} lol
[12:25] {KSystems} the formular looks a bit similar to the parabolic sar
[12:25] {Geo} yes
[12:25] {Geo} i looked at it long ago and decided its just easier hiding behinf supp and res
[12:25] {KSystems} chicken
[12:25] {Geo} no
[12:25] {KSystems} :P
[12:25] {Geo} lazy
[12:25] {Geo} vad would approve
[12:30] {Threei}  dp... see MUR?
[12:30] {ese} I knew that watching the markets in slow motion would come in handy one day......was just looking at one of our plants.....and i swear tha i saw it grow......hows that for skill transfer
[12:31] {ese} hmmmmm i really am bent ....arn't I......
[12:31] {dptl} ye.....i totaly lost lately......feels like don't understand enything
[12:32] {Geo} nope  just trying to work hard on a vacation day
[12:32] {Geo} hey chaeron... you took your kid to mtn high/big bear et?
[12:33] {Geo} he is gone !!! sniff
[12:33] {Threei}  henever recovered from server dump
[12:34] {Geo} slacker used it as an excuse !
[12:34] {Threei}  lol
[12:34] {Geo} for those of you not of these parts
[12:34] {Geo} we go there to sled/ski on artificail snow
[12:35] {Larisa1} in swimsuits ?
[12:35] {lisa_jay} nice...all our snow melted yesterday..60 degrees
[12:35] {Geo} hehehe but not a good sight no
[12:35] {lisa_jay} yup
[12:36] {Geo} took my 2.5 and 4.5 yr old for a trial run... looks like ill have to gear up as they had a lot of fun
[12:37] {dino} cool
[12:37] {Geo} http://www.bearmountain.com/index_winter.php
[12:37] {dino} my kids started at 5 and 7 geo, no fear
[12:38] {Geo} hmmm maybe i should chill heheheh
[12:40] {Larisa1} this looks scary, I wonder if these boys sliding on rails wear some kind of protection :)
[12:41] {Geo} skateboarding transferred to snow
[12:42] {dino} lol  larisa
[12:45] {Larisa1} Threei we know your secret : you ARE Santa, need to wake up and give us Santa rally.
[12:46] {Threei}  no I am not
[12:46] {Threei}  I am too sarcastic and mean
[12:46] {Threei}  my 'ho ho ho" sounds too much like gloating "ha ha ha"
[12:47] {Larisa1} can you at least pretend ?
[12:47] {Threei}  unsucessfully yes, I can
[12:47] {Threei}  but think of it... can you even begin to imagine Santa slapping people around him with various objects
[12:48] {Threei}  all of them large
[12:48] {Larisa1} why not, crazy World, crazy Santa
[12:48] {Threei}  ok... then you get crazy rally :)
[12:48] {Larisa1} lol
[12:57] {patience} vad, is your christmas tree too close to the server?
[12:57] {dptl} .
[12:57] {dino} hmm, booted again
[12:57] {Geo} man
[12:57] {Geo} vads server preventing me from making millions
[12:57] {dino} me too geo
[12:58] {Threei}  sigh
[12:58] {Threei}  lisa and her microwave
[13:01] {dino} gild sm l .30, forgot about it
[13:03] {dino} 12/12 dji lod 8347
[13:13] {lisa_jay} Yup...heated some pizza for kid.
[13:13] {Threei}  there you go
[13:14] {lisa_jay} Seriously...do u think it is affecting it?  Will have to stop using it during market hrs.
[13:14] {Geo} wood fired ovens are ok
[13:15] {lisa_jay} Thank God I still have one of those.
[13:19] {lisa_jay} .
[13:19] {dino} out afam .30, +.60
[13:19] {patience} wonderful Dino
[13:20] {lisa_jay} nice
[13:20] {dino} ty, all day it seemed
[13:25] {Onix} gj dino
[13:31] {dino} sold that about .70 early
[13:33] {lisa_jay} Vad, MRO?
[13:33] {Threei}  not sure lisa
[13:33] {Threei}  kind of 50/50
[13:34] {lisa_jay} Ok, thanks..
[13:35] {magoo} read Q vad??
[13:35] {Geo} lisa dcc pls
[13:37] {Threei}  none mags
[13:38] {Threei}  no rythm to get any real read
[13:42] {dino} idiot award to me today, afam goes another 1.20
[13:43] {magoo} cant catch  the top dino..u know this
[13:43] {lisa_jay} no Dino..i get the "Idiot prize"....let a 50c trade go against me.
[13:43] {magoo} scalp a scalp 
[13:43] {dino} putting it mildly
[13:44] {Threei}  you are kidding lisa
[13:44] {lisa_jay} Hanging head in shame...no Vad
[13:45] {lisa_jay} MICC.
[13:46] {dino} out ccc .47, +.47
[13:46] {dino} don't dwell on it lj
[13:46] {Onix} gj again
[13:47] {Threei}  I may let go sometimes relatively small profit
[13:47] {Threei}  10 - 12 cents, something like that
[13:47] {dino} thx, taking hours today
[13:47] {Threei}  if I feel strongly it has bigger chance,
[13:47] {dino} afam spikes w/o me
[13:48] {Threei}  don't really care about oreserving relatively small profit as I have nice day without it
[13:48] {Threei}  but 50 cents?
[13:48] {lisa_jay} Yup.
[13:48] {Threei}  no way in the world I'd let it evaporate
[13:48] {lisa_jay} very small shares...so could not partial out.
[13:50] {Threei}  50 cents is 50 cents
[13:50] {dino} rate sm l .80 partial fill
[13:53] {dino} lj, look at it this way, at least cov the commission cost
[13:53] {lisa_jay} Ok, thanks Dino.
[13:53] {dino} what size if i may ask?
[13:53] {lisa_jay} 100 shares.
[13:54] {Threei}  and your daily goal at this point is, if not a secret?
[13:54] {lisa_jay} :-)
[13:54] {dino} ok. fwiw i'm on only 300 for now, give you an idea
[13:55] {dino} .50 up, i lock in by hard stop $100 profit
[13:55] {dino} but i am stingy
[13:55] {lisa_jay} Book the profits....till i get to the daily goal.  Ok.
[13:56] {dino} it adds up, and think about it 5 $50 hits = i $250 hit
[13:56] {dino} green = green does not matter how you do it
[13:57] {lisa_jay} Yes.
[13:57] {Threei}  and they do add up very nicely
[13:59] {dino} ot: remeber rimm, gap around 38.44, look what happened
[13:59] {lisa_jay} Vad, OXY cup and handle?
[13:59] {lisa_jay} Thanks.
[14:04] {dptl} .
[14:05] {Geo} have a great day all.....
[14:05] {Geo} off to take kids to play
[14:05] {lisa_jay} Bye Geo.
[14:05] {patience} bye geo
[14:05] {Geo} bye
[14:05] {dino} rate stop is .48
[14:05] {Threei}  take care geo
[14:05] {lisa_jay} rate
[14:05] {Threei}  nah lisa
[14:05] {lisa_jay} sorrry wrong screen...:-)
[14:06] {Threei}  I meant OXY
[14:06] {lisa_jay} ok, thanks Vad.
[14:09] {dino} cya geo
[14:15] {lisa_jay} hes
[14:20] {patience} few weeks ago, i read 26% of days trades are now placed in last half hour for overnight hold and sell
[14:21] {patience} which i have copied, monkey see monkey do
[14:21] {patience} wonder if this trend keeps building
[14:22] {Threei}  I'd think, it's a great scalpable pattern
[14:22] {patience} i try to sell in first 20 minutes of morning trading
[14:22] {Threei}  remember dino's "3:40" rally?
[14:22] {Threei}  probably reflection of that stats
[14:22] {Larisa1} but how do you sleep at night, patience? :)
[14:23] {lisa_jay} Out Hes 20c.
[14:23] {patience} i think i am probably the most risk adverse in the room
[14:23] {Threei}  there you go lisa
[14:23] {Threei}  that's how it's done
[14:23] {patience} i watch and read too much i guess, but i keep scalping always
[14:23] {Threei}  got a nice prodfit, book it
[14:24] {Threei}  don't think "what if"
[14:24] {lisa_jay} Thanks Vad.
[14:24] {Threei}  not during these low volume days anyway
[14:24] {Threei}  we will get different market
[14:25] {patience} my goldcorp april options this morning, up $1.85 and also $1.50 on different lots
[14:25] {Threei}  when its here we will let them run
[14:25] {patience} vad and i had a discussion about them, him asking why i don't hold them
[14:25] {patience} me: can't take the risk, want the money now
[14:25] {lisa_jay} I top ticked it...dropped right away.
[14:25] {Threei}  :)
[14:25] {dino} rate stopped -.33
[14:26] {lisa_jay} Patience how many strike prices away and exp months do you buy the options?  Thanks.
[14:26] {ese} yup .... I like that strategy......want the money now.....
[14:26] {patience} i prefer to be 6 months out
[14:26] {patience} and i'm usually close to being in the money
[14:26] {patience} i'm just looking for the pops and scalping in a trending market
[14:26] {Larisa1} risk tolerance is very different for different people. And it is all mental game. have to trade and try to be calm too. so your life is not a nightmare. 
[14:26] {patience} which is why i ambulance chase sectors
[14:27] {lisa_jay} Now i can't watch hes.
[14:28] {lisa_jay} R u mostly buying calls Patience.
[14:28] {patience} 95% of the time
[14:29] {patience} i've lost my edge on shorting, just can't stomach the risk
[14:31] {lisa_jay} Thanks Patience.  You seem to be using the leverage of Options really well.
[14:32] {patience} lisa, i don't know how to do options, one day i will take a course.  i am just scalping.
[14:33] {lisa_jay} A guy i know does spread trading with options
[14:34] {lisa_jay} held through the big drops in the market.
[14:34] {dino} [14:26] {patience} me: can't take the risk, want the money now
[14:34] {lisa_jay} I should print that on my eyelids.
[14:34] {dino} same patience, whenever i hold i get destroyed
[14:35] {dino} i am on ATM mode for time being
[14:35] {patience} another thing i had to learn, to trade according to my lifestyle.  too many interruptions in my day to watch the screen all the time
[14:36] {lisa_jay} hence in and out quick?
[14:36] {lisa_jay} quick scalps.
[14:36] {patience} yes, and i can always re-enter the stock if setup comes again in the day
[14:37] {lisa_jay} will keep that in mind.
[14:37] {dino} for me, lots of thought and review over last 5 days....bottom line, underperforming, too many trades, back to bread and butter w/more sitting
[14:38] {ese} speakin of siting.....am off to the chiropractor....see you all tomorow.
[14:38] {dino} cya es
[14:38] {ese} take care dino
[14:38] {lisa_jay} Hope everything is ok Ese?
[14:39] {dino} see rate take my stop to form new lod then bounce
[14:41] {Threei}  take care ese
[14:42] {dino} shen fast fall
[14:43] {dino} gappy one
[14:47] {Threei}  POSSIBLE THAT MSFT MAY LOOK TO ACQUIRE RIMM - CNBC GUEST
[14:47] {Threei}  {MSFT}
[14:47] {Threei}  gosh
[14:47] {Threei}  who is that guest
[14:48] {dino} better than yhoo
[14:49] {Threei}  no kidding
[14:50] {Threei}  that idea was whacked from the get-go, IMO
[14:50] {Threei}  I believe MSFT should be happy with how it turned out
[14:50] {dino} shen random
[14:51] {dino} they will probably get yhoo anyway, under 5
[14:56] {lisa_jay} dvn missed
[15:07] {dptl} .
[15:07] {magoo} Xoplosion up
[15:08] {lisa_jay} yup
[15:09] {patience} missed silver wheaton pop up 25 cents, friggin snow is blowing in with a windstorm
[15:10] {dptl} is it snow again there?
[15:10] {Larisa1} please send some snow to me, i want new year with a snow
[15:10] {Threei}  nothing here
[15:10] {Threei}  blue sky and sun
[15:10] {patience} oh great, the fluffy stuff now....and i'm trapped with christmas baking next to me
[15:10] {dptl} wheeu :)
[15:10] {patience} it's blowing north vad, it's only a few minutes away
[15:11] {Threei}  ok... waiting
[15:12] {dino} sm l shen .96 risky
[15:16] {patience} i sure missed some nice trades on potash, agrium and energy plays.  tsx up 261
[15:17] {Threei}  PAL
[15:17] {Threei}  interesting daily
[15:18] {Threei}  if stays here today and breaks 2 tomorrow, I would be interested
[15:19] {patience} good volume today
[15:19] {patience} nice and cheap  :)
[15:29] {dino} gild stop to .63
[15:30] {dino} out +.33
[15:30] {KSystems} beauty
[15:30] {KSystems} congrats :)
[15:30] {Threei}  :)
[15:30] {dino} ty
[15:31] {dptl} oh...finaly we have rain here...kinda miss it :)
[15:31] {KSystems} I have to get up early tomorrow....
[15:31] {KSystems} I'm out
[15:31] {KSystems} good night everybody!
[15:31] {Threei}  take care ks
[15:31] {lisa_jay} Bye Ks.
[15:32] {Threei}  (let's move Europe to NY time, will make things easier for ya)
[15:32] {KSystems} yes, or let me move to NY
[15:32] {KSystems} wouldnt say no
[15:33] {dino} giddy-up 3:40 area
[15:33] {patience} volume pop on goldcorp
[15:34] {dino} and unlucky me, wife is shopping
[15:34] {Threei}  SLW may be worth considering as overnight hold
[15:34] {dino} must be buying gold
[15:34] {lisa_jay} R u taking a position in SLW Vad?  Thanks.
[15:34] {Threei}  thinking still
[15:37] {dptl} have a good evening all :)
[15:37] {Threei}  take care dp
[15:37] {lisa_jay} bye dp
[15:38] {Threei}  OK... half lot at .42
[15:38] {dino} cya dp
[15:38] {Threei}  either add half lot if goes lower before end of day or holding this half if ends here or higher
[15:39] {dino} gutsy move maverick
[15:39] {dino} :)
[15:40] {lisa_jay} Stop for this trade Vad?
[15:40] {dino} on the dot, 3:40
[15:40] {Threei}  no kidding
[15:40] {patience} ditto to vad's comment
[15:40] {dino} to -25isk imo
[15:40] {Threei}  there is no stop for this half lot lisa
[15:40] {patience} looked like they ran stops and then buy program
[15:41] {Threei}  lower closing is for grabbing second half
[15:41] {lisa_jay} holding this overnight or partialling out?  Thanks.
[15:41] {Threei}  stop for full lot will be tomorrow's consideration
[15:42] {Threei}  if I remain with half lot, holding
[15:42] {Threei}  if get full, may partial out IF it moves up after hours
[15:48] {dino} nwpx hod
[15:58] {Threei}  Ok guys, thank you all
[15:58] {Threei}  slow but profitable day
[15:58] {lisa_jay} Thanks Vad.
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {Larisa1} bye :)
[15:58] {lisa_jay} Thanks Dino and Patience.
[15:58] {patience} :)    
[15:59] {patience} you got wind and snow yet Vad?
[15:59] {Threei}  nope
[15:59] {patience} blue skies and sun here now
[15:59] {dino} out shen .05, 
[15:59] {dino} +.09
[15:59] {Threei}  see? I sent my nice weather to you
[15:59] {Threei}  despite your attempts to send that storm to me
[15:59] {Threei}  me kind
[16:00] {Threei}  almost as adorable as chaeron
[16:00] {dino} np lj
[16:00] {dino} thx all, ditto what vad said