Tuesday, December 2, 2008

Tue Dec 02 2008

Little vacations do wonders. Just three days away, and the vision has this miraculous clarity... 6 calls, 6 winners - does it get better than this?

Session Time: Tue Dec 02 00:00:00 2008

[06:51] {KSystems} Bernanke Asserts Rate Cuts Alone Won't Cure Economy
[08:32] {Threei}  Good morning
[08:32] {Threei}  so, I go away for the weekend, and look what you guys do... drop Dow over 600 points, political coup in Canada
[08:33] {Threei}  tsk tsk tsk
[08:44] {Threei}  - Declines below 700 for the first time since 1986{DRYS DSX EGLE}
[09:00] {lisa_jay} Good Morning
[09:00] {Threei}  morning lisa
[09:00] {KSystems} Morning!
[09:01] {Threei}  KS :)
[09:03] {KSystems} Did you enjoy the weekend?
[09:03] {Threei}  very much
[09:03] {Threei}  amazing landscapes
[09:03] {KSystems} if you're going to upload some photos
[09:03] {Threei}  huge waves smashing the rocks
[09:03] {KSystems} please share :)
[09:03] {Threei}  I will
[09:04] {Threei}  I just need 48 hours days
[09:04] {Threei}  24 is not enough
[09:07] {Geo} gm
[09:07] {Threei}  Geo :)
[09:08] {Geo} laserdave was missing you vad
[09:08] {Threei}  did he cry?
[09:08] {Geo} almost
[09:09] {Threei}  I am glad I invoke such strong emotions in people...
[09:09] {Threei}  I just wish this impact was limited to females
[09:09] {Threei}  who needs to see crying man, really
[09:13] {Threei}  this time Ford CEO is not flying but driving down, and in hybrid car
[09:13] {Threei}  sigh
[09:14] {peterg} Good morning and welcome back!
[09:15] {Threei}  hi peter, thank you
[09:15] {peterg} I have a special inside bit of info for this room alone
[09:15] {peterg} Watch RIMM
[09:15] {peterg} I am going to cancel my contract for the Storm
[09:15] {peterg} I dont need it and wont use it
[09:15] {Threei}  uh oh
[09:15] {peterg} dont need to spend the extra bux
[09:15] {Threei}  poor RIMM
[09:16] {peterg} going to try to do it before mkt opens--brb
[09:18] {wishbone} gm all
[09:18] {Threei}  wishbone :)
[09:21] {Onix} Good morning all
[09:21] {Threei}  onix :)
[09:25] {Threei}  want to skip first minutes, see how nervous market is
[09:31] {peterg} RiMM must have heard I canceled
[09:31] {Threei}  yup
[09:31] {Threei}  thank you for warning
[09:31] {peterg} pleasure
[09:39] {Threei} Short Setup: AMAZN  small share 40.20
[09:39] {Threei}  AMZN
[09:39] {Threei}  if stays under .50
[09:40] {Threei}  .50 break can serve as a long trigger for a scalp if not losing .30 anymore
[09:40] {Threei}  triggered on a short side
[09:40] {Threei}  stop above .40
[09:41] {Threei}  lol, almost hit 1:1 while I was typing
[09:41] {Threei}  cover half here, scalpers take profit
[09:41] {Threei}  over 1:1
[09:41] {tomg} ty vad
[09:41] {Threei}  1:2
[09:41] {Threei}  welcome tome
[09:42] {tomg} out 1:2
[09:42] {Threei}  tom, sorry
[09:42] {tomg} :)
[09:43] {Threei}  RIMM bounce time soon
[09:43] {Threei}  quick flush under 37
[09:44] {Threei}  too fast to post entry... scalped 36.93 - 37.23
[09:45] {tomg} 37.03 - 37.23 for me, ty vad
[09:45] {Threei}  beauty
[09:45] {Threei}  AMZN down fyull dollar from short trigger
[09:46] {Threei}  but we stinkin' scalpers had to cover too soon as always
[09:47] {Threei}  feels like strong snapback is coming
[09:47] {Threei}  short lived but strong
[09:49] {Threei}  searching for entries
[09:49] {Threei} Long Setup:  AMZN  39.10 small shares
[09:50] {Threei}  half out
[09:50] {Threei}  offer the balance above .60
[09:51] {Threei}  out in full
[09:51] {tomg} out amzn ty vad
[09:51] {Threei}  scorching hot today tom, eh
[09:52] {Threei}  AMZN was funny... hit profit zones before I could type the stop, lol
[09:52] {tomg} need to cool off :)
[09:52] {Threei}  why not... 3 for 3 in first 20 minutes
[09:52] {tomg} got half dollar on amzn :)
[09:52] {Threei}  my snapback came by the schedule
[09:53] {Threei}  yes, and look... we underestimated it again :)
[09:53] {tomg} yep
[09:53] {Threei}  but heck... volatile times, nothing's wrong with 50 cents scalp
[09:53] {Threei}  anyone else is awake?
[09:54] {patience} very much so  :)
[09:54] {Threei}  :)
[09:55] {Onix} seems like I am still fast asleep, could not catch any of your calls this morning
[09:55] {Threei}  gotta wake up, onix...
[09:55] {Threei}  they all moved fast but gave enough time for entry
[09:55] {Threei}  except RIMM bounce which was pretty much arbitrary
[09:58] {Threei}  look at snapback development
[09:58] {Threei}  exactly as planned
[09:58] {Threei}  strong and short-lived
[09:58] {Threei}  I need to take day off more often
[09:58] {tomg} i took some q's when you first saw the snapback coming
[09:58] {Threei}  scalped?
[09:59] {tomg} yep, just about 13 cents, i think
[09:59] {tomg} 5 cent risk
[09:59] {Threei}  go home tom
[09:59] {tomg} ok, i am
[09:59] {Threei}  I mean... 30 minutes in, you are 4 for 4
[09:59] {tomg} won't be here tomorrow or thursday mornings
[10:00] {tomg} thanks, vad, taking your advice, i'm outta here
[10:00] {Threei}  good idea
[10:00] {Threei}  odds will reverse sooner or later
[10:00] {Threei}  you made in 30 minyes more than on majority of day jobs in a day
[10:00] {tomg} logging off to reduce temptation :) have a good one everybody
[10:00] {Threei}  even if you traded 200 shares
[10:01] {Threei}  take care, good going
[10:01] {Threei}  ok, now that I have chased happy customer away... what do you think of my business sense?
[10:02] {Threei}  F
[10:02] {Threei}  {GM}
[10:05] {Threei} Long Setup:  DRYS  4 break if stays above 3.90
[10:09] {Threei}  stop to .94
[10:10] {Threei}  1:1, you know your options
[10:10] {Onix} got .08 in drys ty vad
[10:10] {Threei}  welcome
[10:11] {wishbone} drys +.11-.12 ty3i
[10:11] {Threei}  :)
[10:11] {lisa_jay} 10c on DRYS thanks Vad.
[10:11] {Threei}  good job all
[10:12] {Threei}  nice variety too
[10:12] {Threei}  first calls were on very fast stocks
[10:12] {Threei}  this one gave a lot of time
[10:12] {Threei}  and allowed for much bigger shares
[10:19] {Geo} nice vacation recharge boss
[10:19] {Geo} i am 1.5x right now
[10:22] {Threei}  cool beans
[10:26] {Chaeron} good morning all and welcome back Threei
[10:26] {Threei}  thank you chaeron
[10:26] {Threei}  got back with a bang, too... 4 for 4 this morning
[10:26] {Geo} hey chaer....
[10:26] {Geo} seems every time vad goes on vacation he comes back with a winning streak
[10:26] {Chaeron} hi Geo... dang... and I missed them all
[10:27] {Geo} how about you go on vacation every weekend?
[10:27] {Geo} eh vad?
[10:29] {Threei}  happily
[10:34] {Threei}  watching how UAUA holds here
[10:35] {Threei}  missed 9 break earlier
[10:36] {Threei}  if market breaks high here, I'd grab UAUA aggressively
[10:36] {Threei}  as close to .20 as possible
[10:38] {Threei}  even better... just need market to jump
[10:39] {Threei}  lol
[10:41] {Threei}  in
[10:41] {peterg} uaua?
[10:42] {Threei}  yes, got .15
[10:42] {wishbone} in .17
[10:43] {peterg} mr. stupidfingers got .19
[10:43] {Geo} stop vad?
[10:44] {Threei}  under .10 for scalpers, under 9 for a day trade
[10:45] {Threei}  teleprtation
[10:46] {Threei}  next move should be to above .30
[10:46] {Threei}  where scalpers have their 1:1
[10:57] {Threei}  ok Qs, enough of dribbling... jump already
06[10:57] * Threei slaps laserdave1 around a bit with a large chart of uptrending market
06[10:57] * Chaeron slaps laserdave1 around a bit with a large trout
[10:58] {Threei}  new high
[10:58] {Threei}  your turn UAUA
[10:58] {laserdave1} howdy
06[11:03] * Threei impatiently kicks the market in the rear
[11:09] {Geo} yawn
[11:11] {Threei}  half out UAUA .30
[11:19] {Threei}  nice move over .30 for those with higher entries
[11:19] {Threei}  solidly over 1:1
[11:21] {Threei}  1/4 more out
[11:21] {Threei}  wake up
[11:21] {Threei}  you will sleep through the selling points
[11:21] {Geo} scalped it with regret now
[11:21] {Geo} sorry
[11:21] {Threei}  anyone's still in?
[11:22] {Geo} was trying to preserve the gains from before
[11:22] {Threei}  nothing's wrong with that
[11:22] {Threei}  one thing I do sometimes when I am strongly inclined to protect profit
[11:22] {Geo} ?
[11:22] {Threei}  but tempted by attractively lkooking stock is
[11:22] {Threei}  sell 2/3 or 3/4
[11:23] {Geo} on 1:1?
[11:23] {Threei}  and just leave last small portion alone with stop under b.e
[11:23] {Geo} makes sense
[11:23] {Geo} i have been doing that
[11:23] {Geo} and thought i was chicken
[11:23] {Geo} lol
[11:23] {Threei}  here we go
[11:23] {Geo} so i guess its ok
[11:23] {Threei}  out .50
[11:23] {Threei}  +.35
[11:23] {Geo} nice
[11:23] {Threei}  5 for 5
06[11:24] * Threei slaps Chaeron around a bit with a large shiny airliner
[11:25] {Chaeron} UAUA in .26 out .45 a while ago... sorry... was busy... +.19
[11:25] {Threei}  :)
[11:51] {Chaeron} .
[11:51] {Geo} in UAUA
[11:51] {KSystems} each time someone types '.' Geo enters a trade
[11:51] {Geo} hehe
[11:52] {Geo} basic UAUA follow NQ trade
[11:59] {Geo} scratched trade .03
[12:26] {Threei}  loooong consolidation
[12:44] {Threei}  imo... GOOD LUCK
[12:45] {Threei}  SCALPED 30 CENTS
[12:45] {Threei}  grrr
[12:45] {Threei}  what's with caps
[12:45] {Threei}  you all asleep?
[12:46] {Geo} .
[12:46] {laserdave1} its going nuts
[12:46] {Threei}  - reports say that former AOL CEO Miller has discussed the idea with some Yahoo board members and is talking to private equity and sovereign wealth funds about such a deal.
[12:58] {Threei}  Putin Labels Markets 'Unfair'
[12:58] {Threei}  welcome to capitalism
[12:58] {Threei}  http://www.themoscowtimes.com/article/600/42/372795.htm
[12:58] {Chaeron} life is unfair
[12:58] {Threei}  and then you die
[12:59] {Geo} after paying taxes
[13:00] {Threei}  or you pay them after death
[13:00] {Threei}  however you structure it, these two components will be there
[13:33] {peterg} cue beatle's song "Taxman"
[13:39] {Threei}  the day started out great, then got so boring that I am tracking all the twists and turns in canadian political coup
[13:39] {Threei}  quite fascinating actually
[13:41] {KSystems} ummm
[13:41] {KSystems} in a nutshell
[13:41] {KSystems} what happened?
[13:41] {Threei}  election ended 6 weeks ago producing minority goverment
[13:41] {KSystems} argh
[13:42] {Threei}  three opposition parties united over the weekend to form coalition government and take over
[13:42] {KSystems} do those three have _anything_ more in common that being opposition?
[13:42] {KSystems} that=than
[13:42] {Threei}  all are lefties
[13:43] {Threei}  other than that, no
[13:43] {KSystems} omg
[13:43] {Threei}  they've been at each other throats forever
[13:43] {Threei}  one of them is acrtually separatist party, with main aim to break up the country, lol
[13:43] {KSystems} perfect
[13:43] {KSystems} A good friend of mine is just about to emigrate to Canada this month
[13:43] {wishbone} and the appointed leaders's party is ahving a leadership race, so we voted for ....i mean didn't for for our next prime minister
[13:44] {Threei}  another is fringe socialist party, never having any realistic shot at being even close to forming the government
[13:44] {Threei}  finally third,
[13:44] {peterg} je  me souverains
[13:44] {Threei}  in last election shopwed it's worst performance in polls in Canadian history
[13:44] {wishbone} lol
[13:44] {KSystems} heh
[13:44] {Threei}  with lame leader rejected by both electorate and his own party
[13:45] {KSystems} and they run the country now?!
[13:45] {Threei}  well
[13:45] {Geo} they say the best argument against democracy is to have a conversation with the average voter
[13:45] {Threei}  not right away
[13:45] {peterg} so, who's on first?
[13:45] {Threei}  there is a process
[13:45] {peterg} is there PM yet?
[13:45] {Threei}  and current governement has options to stall
[13:45] {Threei}  regroup
[13:46] {Threei}  and try to avoid it all
[13:46] {Threei}  but not very many options
[13:46] {KSystems} call for new elections?
[13:46] {KSystems} thats what they usually do here
[13:46] {Threei}  one of options... sure to piss off the country
[13:46] {KSystems} until voters are tired of running to the booths, you finally have just over 20% of people voting 
[13:46] {Threei}  we had 3 elections in 5 years, and last one (widely regarded as unnecessary) ended 6 weeks ago
[13:48] {Threei}  to further complicate the situation,
[13:48] {Threei}  we have general-governor,
[13:48] {Threei}  representative of Queen
[13:48] {Threei}  largely decorative figure
[13:49] {Threei}  that usually rubber-stamps the decisions
[13:49] {KSystems} ahhh
[13:49] {Threei}  But in this situation she actually gets to decide what to do
[13:49] {KSystems} she?
[13:49] {Threei}  and this is not an elected official
[13:49] {Threei}  yes
[13:49] {KSystems} sounds funny
[13:49] {Threei}  beyond
[13:49] {Geo} ahhh
[13:49] {Geo}  i had forgooten you guys were a colony
[13:49] {Threei}  former high profile journalist
[13:50] {Threei}  was supposed to attend ceremonies and such stuff
[13:50] {KSystems} is this all going to turn into a serious problem, or just something for a good laugh?
[13:50] {Threei}  all of a sudden she actually needs to deide things that have profound effect on country course
[13:50] {KSystems} i mean, whats the worst thing that can happen now?
[13:50] {Threei}  depends on your percpective
[13:50] {Threei}  IMO{ worst thing:
[13:51] {Threei}  country is overtaken by socialists, separatists and leaderless scoundrels
[13:51] {Threei}  and it happens during the worst financial crisis of the century
[13:52] {Threei}  those three btw are not likely to be friends for very long
[13:52] {Threei}  that coalition will self-destruct quickly
[13:52] {Threei}  such instability and rapidly changing rules at this point - bad enough for ya? :)
[13:52] {KSystems} Michaelle Jean
[13:52] {KSystems} she has a beautiful name though
[13:52] {Threei}  that's her
[13:53] {KSystems} it sounds horrible
[13:53] {KSystems} not the name, that is
[13:53] {KSystems} the situation
[13:53] {Threei}  maybe she is wise enough to do the right thing... who knows
[13:53] {Threei}  nobody actually knows what she stands for, you see
[13:53] {KSystems} what would be the right thing in your opinion`
[13:53] {patience} she was a liberal appointee vad
[13:53] {Threei}  she was never supposed to be a decision-maker :)
[13:53] {Threei}  yes
[13:54] {Threei}  in my opinion (and I don't know the extent of her constitutional rights so it could be impossible),
[13:54] {Threei}  right thing qwould be to tell opposition leaders:
[13:54] {Threei}  here are election results,
[13:54] {Threei}  voters said they want this party to govern,
[13:54] {Threei}  no coalition,
[13:54] {Threei}  no new election,
[13:55] {Threei}  go back to parliament,
[13:55] {wishbone} i heard that vad!
[13:55] {patience} but gov won't withstand nonconfidence vote
[13:55] {Threei}  solve the problems nation faces,
[13:55] {patience} god willing she calls an election
[13:55] {Threei}  and if you can't - I freeze parliament sessions for the time being,
[13:56] {Threei}  and current governemtn rules as majority, unchallenged, until we run the process of consultations,
[13:56] {Threei}  until you run consultations within your oparties,
[13:56] {KSystems} she earns 110.126 $
[13:56] {Threei}  elect leader,
[13:56] {Threei}  and come back to me with plan how make it all work.
[13:57] {wishbone} current gov rules as minority vad
[13:57] {Threei}  I hope some chilling out period can work,
[13:57] {Threei}  I know
[13:58] {Threei}  read the context of my answer :)
[13:58] {Threei}  that was my description of what I'd see as a right thing for jean to do
[13:59] {Threei}  a lot of opposition MPs may re-think whole thing when they hear the reaction of voters and realize this can cost them dearly come next election
[13:59] {Threei}  whole coup was constructed between leaders, no party consulting
[13:59] {wishbone} exactly....power hungry...
[14:00] {Threei}  KS, to add pepper:
[14:00] {Threei}  tape recording emerged over weekend,
[14:00] {Threei}  showing that two of parties actually agreed on this course of action well in advance
[14:00] {Threei}  and just waited for a confidcence vote announced to trigger whole thing
[14:00] {KSystems} wow
[14:02] {Threei}  Question period starts now
[14:02] {Threei}  live on TV
[14:02] {Threei}  I am looking forward to see people banging each other heads with rowing paddles
[14:03] {KSystems} umm what station can I see it on?
[14:03] {KSystems} gonna turn in via web tv
[14:03] {Threei}  CBC
[14:03] {Threei}  no idea if you can see it on the web
[14:04] {Threei}  I am telling you... I never go on vacation again
[14:04] {Threei}  if this happens when I leave for three days, couple week vacation will probably get me into country with Gulag up and running
[14:04] {wishbone} lol
[14:05] {Threei}  if that happens, make sure you stay safe wishbone... I may need asylum, you know... corner in your basement?
[14:06] {wishbone} hey i'll be in the labor camps w/ you!:(
[14:06] {Threei}  OK... we have patience and ese as our backup
[14:06] {wishbone} lol
[14:06] {patience} you behind the tweed curtain wishbone?
[14:07] {wishbone} ?
[14:07] {wishbone} tweed curtain
[14:07] {patience} nope
[14:07] {patience} oak bay
[14:07] {Threei}  Oak bay :)
[14:08] {wishbone} no....never heard that expression...haven't lived in vic very long
[14:09] {Threei}  I don't see anything for this selloff
[14:10] {Threei}  just selling or I missed something?
[14:11] {Threei}  oil 47.50s?
[14:18] {Threei}  found it KS?
[14:18] {KSystems} yea but they dont seem to have a live stream available :-(
[14:22] {Threei}  opposition demands confidence vote... prime minister says screw you
[14:23] {Threei}  that's the short version
[14:23] {Geo} see any setups on RIMM vad?
[14:24] {Threei}  totally market dependent
[14:24] {Threei}  I'd say, short is more likely than long,
[14:24] {Geo} ok ty
[14:24] {Threei}  but I hnave not much confidence in particular setups
[14:27] {Threei}  if market drops sharply, try to get RIMM short as close to .50 as you can
[14:27] {Threei}  hopefully it's ll give a little delay
[14:31] {Threei}  car sales reports today
[14:31] {Threei}  I am not posting them all,
[14:31] {Threei}  numbers are ranging from -30 to -40% y/y mastly
[14:32] {Threei}  mostly
[14:50] {patience} vad, we are about to become the coldest banana republic....sniff sniff
[14:50] {Threei}  lol
[14:50] {Threei}  no kidding
[14:50] {Threei}  at least we could have bananas
[14:50] {Threei}  but noooo... the worst of both worlds
[14:50] {patience} yup
[14:51] {patience} i wonder if they have opened up a file on canada at the cia....it potentially needs intervention
[14:51] {wishbone} lol
[14:51] {wishbone} i was thinking that earlier patience!
[14:52] {patience} honestly, you  just laugh nervously at how bizzarro canada has become overnight
[14:52] {patience} what the heck happened to our stability....we don't act like this
[14:52] {Threei}  if they don't plan on intervention, I have a great idea
[14:53] {wishbone} it is truly strange
[14:53] {Threei}  let's announce war on USA, and surrender in 2 minutes
[14:53] {Threei}  there you go, problems soklved
[14:53] {Threei}  they have to opccupy us and feed us
[14:53] {Threei}  33 million prisoners of war
[14:54] {patience} do i keep my free health care?
[14:54] {wishbone} they are the largest global producer of rice....i like rice:)
[14:54] {Geo} heheheh
[14:54] {Geo} youre out of luck wishbone
[14:55] {patience} this is like the queen saying, right, i've had enough...the family agrees, we resign
[14:55] {Geo} i checked and costco doesnt have basmati anymore
[14:55] {Threei}  plenty here
[14:55] {Threei}  I can mail you a bag
[14:55] {Geo} i guess the invasion is one then
[14:55] {Geo} on
[14:55] {Threei}  for a small administrative fee
[14:55] {Threei}  or you can invade of course
[14:56] {patience} geo, invade victoria....might as well pick a good spot
[14:56] {Geo} rains too much
[14:56] {Geo} cant i just do a crank call
[14:57] {patience} a selling point geo, we have water, lots of it   :)
[14:57] {Geo} true true
[14:57] {patience} quick vad, what else do we have
[14:57] {patience} shrimp...vad can fish for you
[14:57] {Threei}  nope
[14:57] {patience} lots and lots of shrimp
[14:57] {Threei}  I'll be a prisoner, remember?
[14:57] {Threei}  he fishes for me
[14:57] {patience} damm, means you have to eat the fish
[14:57] {Threei}  cooks them too
[14:57] {Geo} prison shrimp boat captain
[14:57] {Geo} i like that
[14:58] {patience} there we are
[14:58] {Geo} chaer what do you think?
[14:58] {Geo} gotta ask the senior invader
[14:59] {patience} i gotta call paris and ask her where she got her prison outfit
[14:59] {KSystems} Now I'm waking up again
[14:59] {Threei}  didn't trust UAUA 9.20 break when it held 9... too bad
[15:00] {Geo} comeone vad call some trades
[15:01] {Geo} i need money to plan an invasion
[15:06] {Threei}  FRPT
[15:07] {Threei}  4.50 break for a scalp
[15:07] {Threei}  and its product is great for invasions
[15:13] {patience} vad, is anybody trading anything in the market?
[15:13] {Threei}  why not
[15:13] {Threei}  things move
[15:13] {patience} i just dont see much movement in stocks
[15:17] {Threei}  just a scalp FRPT
[15:17] {Threei}  stop is either under .45 or .40
[15:17] {Threei}  both are valid
[15:24] {wishbone} vad, when i hit the offer of FRPT @ .51 when .50 first printed but i wasn't filled. what should i have tried for to get filled?
[15:24] {Threei}  which route?
[15:25] {wishbone} inte
[15:25] {wishbone} inet
[15:25] {Threei}  same here, got my fill...
[15:25] {Threei}  I guess just a fraction of second difference
[15:25] {wishbone} ok ty
[15:25] {Geo} what vad said
[15:25] {Threei}  .50 was eaten through very quickly
[15:25] {Geo} got your fill
[15:26] {wishbone} so u hit .51 or .5?
[15:26] {Threei}  I had .51
[15:26] {wishbone} ok
[15:26] {Threei}  but clicked as soon as .50 started melting
[15:26] {wishbone} i need a faster trigger finger
[15:26] {Threei}  also, here is little trick I taught magoo once
[15:26] {Threei}  when you deal with this kind of stocks where levels can disappear very quickly, do this:
[15:27] {Threei}  click your price,
[15:27] {Threei}  point cursor on the buy button,
[15:27] {Threei}  press the mouse button and keep it pressed
[15:27] {Threei}  now it will click when you let go
[15:27] {Threei}  Saves you time,
[15:27] {Threei}  faster to let go than do both
[15:28] {wishbone} huh
[15:28] {Threei}  BUT
[15:28] {Threei}  if you decide not to enter
[15:28] {wishbone} ther's always a but
[15:28] {Threei}  make sure you miove cursor away
[15:28] {wishbone} ok ty
[15:28] {Threei}  before you let go
[15:29] {wishbone} execution is huge in scalping eh!
[15:29] {Threei}  well, on fast stocks...
[15:29] {Threei}  be thankful you haven'ty had to do it in 1998-2000
[15:29] {Threei}  executions were nowhere as simple as today'
[15:29] {Threei}  s
[15:30] {Threei}  SOES, SelectNet, ECNs,
[15:30] {Threei}  5 min rule, 30 seconds rule
[15:30] {Threei}  SnetPref
[15:30] {Threei}  SOES queue
[15:30] {wishbone} lol
[15:30] {Threei}  I used to give classes on how to enter and exit
[15:30] {wishbone} ok i get it:)
[15:31] {Threei}  that was something to actually learn, believe it or not
[15:31] {Threei}  these days it's just a click for the most part
[15:32] {Chaeron} yeah... trading is for wusses now..... (teasing)
[15:32] {Threei}  lol
[15:32] {wishbone} lol
[15:33] {Threei}  as daunting as that was, it actually gave experienced traders some additional edge
[15:33] {Threei}  would take a fraction of second to evaluate who is at the offer and how to hit him right
[15:33] {Threei}  while newer traders had to think, or tried and failed
[15:33] {Chaeron} yep.. had to walk to my computer every morning... through 6' of snow and winds... uphill...
[15:34] {peterg} weak coffee
[15:34] {Geo} on a unicycle
[15:34] {Threei}  well, that was progress since times you had to use home pigeons to send your orders in
[15:34] {Chaeron} you called your brokers pigeons?
[15:35] {Threei}  tying a thin paper to its leg with "buy me a 1000 of IBM" and telling him to fly to NYSE floor
[15:35] {Chaeron} I mean they were about as intelligent as but... :)
[15:35] {Threei}  lol
[15:36] {Threei}  out FRPT
[15:36] {Threei}  .63
[15:36] {Chaeron} beauty
[15:38] {Threei}  6 for 6
[15:41] {Threei}  GM
[15:49] {Threei}  - has intention of repaying loans as soon as 2011.
[15:49] {Threei}  - to explore options for Saturn and Saab units; to focus on four core brands.
[15:49] {Threei}  - plans to have 15 hybrid models by 2012.
[15:49] {Threei}  - proposes additional pay cuts.
[15:50] {hawkfan4} geez, nice job vad.  not trading much this week, helping my Dad clean out his offices.  Closing down his drywall company after 30 years. 
[15:50] {Threei}  just retiring?
[15:51] {hawkfan4} nope, bad housing market + credit crunch, can't keep it going
[15:51] {Threei}  oh
[15:51] {Threei}  sorry :(
[15:52] {hawkfan4} thx.  Talk about a group of people who have no sympathy for the auto industry.  Residential construction industry decimated
[15:52] {Threei}  I can imagine...
[15:56] {peterg} Hawk, what region are you in?
[15:57] {peterg} state country
[15:57] {hawkfan4} chicago
[15:57] {peterg} yay!
[15:57] {peterg} hometown
[15:57] {peterg} before mpls
[15:57] {peterg} Hyde Park
[15:57] {peterg} me & obama
[15:57] {peterg} real close
[15:57] {hawkfan4} cool, where, ah, nice. lol
[15:58] {Threei}  OK guys, thank you all
[15:58] {Threei}  have a great evening, see you tomorrow
[15:58] {KSystems} take care vad
[15:58] {peterg} thank you vadster
[15:58] {Threei}  nice finish FRPT
[15:58] {Threei}  and GM
[15:59] {Threei}  whatever... tomorrow is new day
[15:59] {Threei}  not a good time to play with overnight positions
[15:59] {Threei}  or matches
[15:59] {Threei}  or run with scissors
[15:59] {hawkfan4} lol
[15:59] {hawkfan4} nite all
[16:02] {KSystems} nite everybody
[16:02] {KSystems} have a great evening