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} BALTIC DRY BULK INDEX FALLS 2.3%, A 10TH STRAIGHT DECLINE
[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} SUBMITTS BUSINESS PLAN TO CONGRESS
[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
[10:38] {Threei} REPORTEDLY OPEC COMPLIANCE WITH THE 1.5M BBL OUTPUT CUT IN NOV IS RUNNING AT ABOUT 66%
[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
[12:43] {Threei} WSJ: FORMER AOL CEO IS TRYING TO RAISE MONEY TO ACQUIRE PORTION OR ALL OF YHOO
[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} BELIEVES A DEAL CAN BE DONE AT APPROX $20-22/SHR - WSJ CITING SOURCES
[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
[15:09] {Threei} GM TO POST PLAN ON WEBSITE AT 5PMET; TO HOLD PRESS BRIEFING AT 5:30PMET
[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
[15:41] {Threei} REQUESTS $12B, WITH INITIAL DRAW OF $4B IN DEC
[15:49] {Threei} REPORTEDLY GM PLAN WILL REQUESTS $12B, WITH INITIAL DRAW OF $4B IN DEC, AND $6B BRIDGE LOAN; SUGGESTS ISSUING WARRANTS AS PART OF LOAN DEAL
[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
