Dec 31 2008

What was expected to be another boring day suddenly turned out a very nice profitable one. DRYS, EGLE and a few more helped to finish the year with a bang. Happy New Year to our readers!

Session Time: Wed Dec 31 00:00:01 2008

[08:21] {lisa_jay} morning

 [08:21] {Threei}  Good morning

[08:21] {lisa_jay} do you ever sleep Vad?

[08:21] {lisa_jay} It must be still dark outside.

 [08:22] {Threei}  it is

 [08:30] {Threei}  INITIAL JOBLESS CLAIMS: 492K V 575KE;

 [08:30] {Threei}  CONTINUING CLAIMS: 4.506M V 4.400ME

 [08:31] {Threei}  - No revisions to Prior jobless claims at 586K

 [08:31] {Threei}  - Prior continuing claims revised from 4.370M to 4.366M

[08:32] {i2romantis} morning to all :)

 [08:32] {Threei}  morning i2r, welcome to the room

[08:32] {i2romantis} thx

 [08:32] {Threei}  you don't mind abbreviation I hope

[08:33] {i2romantis} np, i2 is enough

 [08:33] {Threei}  we are lazy bunch, we shorten 4-letters nicks to 2, let alone such as yours :)

[08:33] {lisa_jay} Hello i2

[08:33] {i2romantis} np

[08:33] {i2romantis} hi

[08:50] {Onix} Good morning all

[08:50] {i2romantis} morning onix

 [08:51] {Threei}  onix :)

 [08:52] {Threei}  * TED SPREAD OPENS AT 133 BPS V 142 BPS PRIOR

 [08:52] {Threei}  wow

 [08:52] {Threei}  risk is all but removed from lending eh?

 [08:53] {Threei}  12/31/08 07:00am

 [08:53] {Threei}  [DDSS] Labopharm Announces FDA Approval of Once-Daily RYZOLT for Management of Moderate to Moderately Severe Chronic Pain

 [08:56] {Threei}  I am going for a smoke, don't let the market drop... I still have some CSIQ leftover from yesterday

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

[09:00] {Onix} hi KS

[09:01] {KSystems} hey Onix

 [09:02] {Threei}  ks :)

 [09:02] {Threei}  offering 6.80

 [09:02] {Threei}  is there kind soul to take it off my hands?

 [09:02] {Threei}  or kindness in a short supply this year?

 [09:05] {Threei}  335 shares taken, thank you unknown buyer

 [09:05] {Threei}  665 left

 [09:06] {Threei}  who is this indescrete idiot that joined me with fully shown offer...

 [09:06] {Threei}  learn the game sucker

[09:06] {lisa_jay} lol

 [09:06] {Threei}  100 more

 [09:07] {Threei}  {sucker} learn spelling!

 [09:07] {Threei}  great, now he is undercutting me

 [09:09] {Threei}  (RU) RUSSIAN DIPLOMAT: HAMAS COMMENTED THAT WILLING TO STOP ATTACKS IF BLOCKADES ARE LIFTED

[09:17] {dino} gm

 [09:17] {Threei}  dino :)

[09:18] {magoo} morning

 [09:18] {Threei}  mags :)

[09:18] {patience} morning

 [09:18] {Threei}  patience :)

 [09:18] {Threei}  I feel like a doorman

[09:18] {dptl} good morning all

 [09:18] {Threei}  there

 [09:18] {Threei}  dp :)

[09:19] {dino} welcome to out jungle i2

[09:20] {i2romantis} thx :)

[09:20] {magoo} who u calling a sukker??

[09:20] {magoo} thats my offer lol

 [09:20] {Threei}  no way

 [09:20] {Threei}  you know better than to show full 2K instead of reserver in thin pre-market trading

[09:22] {dino} out=our

[09:22] {dino} psd, 

 [09:23] {Threei}  anyway, 6.80 is latest resistance from 12/18... with just 565 shares left and part of profit secured I'll cancel my sell and see if it can break it and pop

 [09:23] {Threei}  see mee disappearing from 6.80?

[09:24] {magoo} need cafe'

 [09:26] {Threei}  and spelling lesson

 [09:29] {Threei}  btw dino... your mention poushed me to re-visit Storm of the Century

 [09:29] {Threei}  pushed too

 [09:30] {Threei}  market weakens into open

[09:30] {magoo} give me what i want vad...and i will go away

[09:31] {dino} good flick, i should watch it again

 [09:32] {Threei}  DRYS

 [09:32] {Threei}  watching for pullback

 [09:32] {Threei}  9.70 - 9.80 area for entry

 [09:34] {Threei}  doesn't want to pull back, and I don't want to chase

 [09:35] {Threei}  good boy CSIQ

 [09:35] {Threei}  let's go for 7

 [09:38] {Threei}  out 200 more 6.90

 [09:41] {Threei} Long Setup:  DRYS  .50 break if stays above .40

[09:42] {dptl} in .50

[09:43] {magoo} in dammit lol

 [09:43] {Threei}  uh oh

 [09:43] {Threei}  magoo is kiss of death for DRYS

[09:43] {ese} morning L DRYS .54 3/4

 [09:43] {Threei}  ese :)

 [09:43] {Threei}  ok, over 1:1, half out

 [09:44] {Threei}  too bad it never gave us nice pullback for more juice in play but these holiday sessions I'll take whatever I can

 [09:45] {Threei}  stop is under b/e for the balance, scalpers get out and be happy

[09:45] {dino} asei, thin

[09:47] {magoo} Q read vad?

 [09:47] {Threei}  COIN

 [09:47] {Threei}  INCREASES STAFF AT WOODBRIDGE, NJ MANUFACTURING FACILITY IN PREPARATION FOR 2009 SEASON

[09:47] {magoo} out DRYS here .67

[09:47] {magoo} TY {i guess lol}

06[09:48] * Threei slaps magoo around a bit with a large sigh of relief expressing happiness about magoo finally making money on DRYS

[09:48] {ese} out DRYS .74 +.20

[09:48] {ese} tks Vad

 [09:49] {Threei}  welcome

 [09:49] {Threei}  hig

[09:49] {lisa_jay} Nice ese

 [09:50] {Threei}  watching HIG with short idea

 [09:50] {Threei}  either .20 break wityh stop above .30

 [09:51] {Threei}  or if bounces, anywhere where it looks like topping out with top above .40

 [09:51] {Threei}  with stop that was

 [09:55] {Threei}  if DRYS makes another jump:

 [09:55] {Threei} Long Setup:  EGLE  .15 break half lot with stop under 6

[09:55] {dino} beating up esrx again

[09:58] {dino} gj es

 [09:59] {Threei}  DRYS starts looking like one of those non-stop runners if takes 11.20

[09:59] {dino} cwst

[10:01] {magoo} if IF we could get in DRYS and make a point TODAY...i would concede vad

 [10:01] {Threei}  EGLE over 1:1

[10:01] {Onix} ty Vad, i took 9c in egle

[10:01] {magoo} out .35 TY

[10:01] {dptl} out egle +.15 ty

 [10:01] {Threei}  welcome

[10:01] {dptl} stopped hig

 [10:02] {Threei}  DRYS is tough to find entry, hard breather... but works as leading indicator for EGLE

 [10:02] {Threei}  didn't HIG hit 1:1?

[10:03] {dptl} it did brifly  no fill

 [10:03] {Threei}  ok... didn't watch it at the moment

 [10:04] {Threei}  dry shippers took all the focus

[10:06] {magoo} EGLE have the power like drys vad to go a point?..not familiar with way it trades

 [10:06] {Threei}  it can be very treacherous

[10:06] {dino} sm l esrx .36, stop .99

 [10:07] {Threei}  moves nicely when it moves but can drop like stone

 [10:07] {Threei}  don't play it on its own merits

 [10:07] {Threei}  DRYS leads it

[10:07] {magoo} gotcha

[10:07] {magoo} as in ok 

 [10:08] {Threei}  DRYS itself maybe worth a try on 11 re-break if holding above .85

 [10:08] {Threei}  or .90 for hardcore scalpers

[10:10] {magoo} aapl neg here./..

 [10:12] {Threei}  11.05 will decide DRYS's fate

 [10:12] {Threei}  and if takes it, EGLE is likely to take .45

 [10:14] {Threei}  EGLE's game has changed

 [10:14] {Threei}  not a break anymore, rather bounce IF DRYS resumes

[10:15] {dino} esrx stopped

[10:16] {dptl} are you taking 11 break?

 [10:16] {Threei}  already took last time

[10:17] {magoo} vad..u in drys

 [10:17] {Threei}  ummm... how else do you read the line above?

[10:17] {magoo} man..u gotta end the year with attitude huh??

[10:17] {magoo} :)

 [10:18] {Threei}  as if I ever lost it

 [10:18] {Threei}  (or you for that matter, lol)

[10:18] {magoo} if i went to bermuda...i throw things at u in class he he

 [10:18] {Threei}  come on DRYS, take that .05 finally

 [10:18] {Threei}  bermuda?

[10:18] {dptl} in 11 .90 stop

[10:18] {ese} L  AAUK .67 1/2 lot risky

 [10:19] {Threei}  that's bahams

 [10:19] {Threei}  but, just for me to be safe, let's do it this way

[10:19] {dino} pnra 5 day

[10:19] {magoo} wheres bahhAMS?

 [10:19] {Threei}  I give seminar in Bahamas while you are going to Bermuda {G}

[10:19] {ese} lookin for 12 AAUK

06[10:20] * Threei kicks DRYS and EGLE in the rear

[10:20] {magoo} in drys too

[10:21] {dptl} out .12 ty

 [10:21] {Threei}  welcome

 [10:21] {Threei}  halved it out

 [10:21] {Threei}  something about it today that makes me want to hold some

 [10:22] {Threei}  anyone caught EGLE?

[10:22] {KSystems} yes

[10:22] {KSystems} paperly, that is

 [10:22] {Threei}  where?

[10:22] {KSystems} 6.16

 [10:23] {Threei}  no, I mean on this pullback

[10:23] {KSystems} 1 exited 1/2 at .38

[10:23] {KSystems} is that what you mean?

 [10:23] {Threei}  no, I mean according to this comment:

 [10:23] {Threei}  [10:14] {Threei} EGLE's game has changed

 [10:23] {Threei}  [10:14] {Threei} not a break anymore, rather bounce IF DRYS resumes

[10:24] {KSystems} that was a call?

 [10:24] {Threei}  it pulled back under .30

[10:24] {KSystems} no, didnt trade that :)

 [10:24] {Threei}  not a call per se

[10:24] {KSystems} sry

 [10:24] {Threei}  too discretionary

 [10:24] {Threei}  rather attempts to describe possible strategy in advance so those who get a read can catch it if it sets up

[10:24] {magoo} its more like a hint K..a wink wink

  [10:28] {Threei}  grrr

 [10:28] {Threei}  server hiccup

 [10:28] {Threei}  out 1/4 more 11.22

 [10:29] {Threei}  stop under 11 for the last part

[10:29] {patience} goldcorp has been bucking the gold trend today, steady, slow up

 [10:29] {Threei}  mags

 [10:29] {Threei}  you partial any?

 [10:30] {Threei}  ugh, he is not here

[10:32] {magoo} just got back in room here

[10:32] {magoo} out drys

[10:32] {magoo} scalp

 [10:33] {Threei}  okay

[10:33] {magoo} may reload

[10:34] {i2romantis} so, as a newbie here, let me ask, to even scalp on drys @11 you'd have to invest quite a bit to even see a reasonable return?

 [10:34] {Threei}  what's reasonable return?

[10:34] {i2romantis} I play with those below 3 to be able to do these kinds of trades

[10:34] {i2romantis} well say at least a small $300

[10:34] {dino} asei vsm, s .16, wide risky

 [10:35] {Threei}  this kind of trades is usually for 1000 shares when yoou know what you are doing

[10:35] {i2romantis} and this is a straight buy and sell, right? no options or anything else involved?

 [10:35] {Threei}  if you want $300 from each trade, that's a bit hightened expectations when it comes to scalping

 [10:36] {Threei}  no

 [10:36] {Threei}  andf don't view it as ROI

 [10:36] {Threei}  this is completely different game

[10:36] {dptl} ROI??

 [10:37] {Threei}  return on investment

[10:37] {dptl} oh...ok

[10:37] {i2romantis} honestly speaking, one of my accounts has only $7500 USD, that doesn't allow me to even go for this price range, as I am risking a lot just to go for a .2 move

 [10:37] {Threei}  with "investment" time measured in minutes, rarely hours, math is different,

 [10:38] {Threei}  you do not risk your entire investment, only a part of it defined by stop size

[10:38] {i2romantis} true, if many trades are done , I agree

[10:38] {ese} am back...was disconnecteda again.....  out AAUK even   it ain't goin nowheres

[10:38] {i2romantis} that's true

 [10:38] {Threei}  and $7,500 with right broker is $75K buying power

 [10:38] {Threei}  allows you for this kind of trades easily

[10:39] {magoo} i2..if you scalp a dime on 1k...100 bux...do this 5 times+ 125,000 annual

[10:39] {i2romantis} I stopped trading on margin in 2003, getting back in now

[10:39] {i2romantis} ok so then it's ok to go just for 100

[10:39] {i2romantis} I thought I was doing small game when doing that

 [10:40] {Threei}  nothing's wrong with intraday trading on margin with strict stop discipline... now, investing on margin is a very different story

[10:40] {i2romantis} at times you get almost nothing, but not always knowledgeable of repeatable trades

[10:40] {i2romantis} ok

[10:40] {i2romantis} good point

 [10:40] {Threei}  you'll get much better idea of how this game is structured when go over scalping course

[10:41] {i2romantis} yes looking forward to that :)

[10:41] {magoo} heck..vads biggest win ever only 125 bux {as magoo runs for cover under nearest rock}

 [10:41] {Threei}  sigh

 [10:41] {Threei}  abuse I take

[10:41] {i2romantis} :)

[10:41] {dino} unfortunate but true (dino hides under desk)

[10:41] {KSystems} Lisa!

[10:42] {i2romantis} I have a real issue with stops, hence some odd losses I take at times

[10:42] {i2romantis} so that's a lesson for me and why I'm trying to get more disciplined

[10:42] {dino} make stops you religion

 [10:42] {Threei}  make sure you go over blog articles devoted to stops

[10:42] {i2romantis} I know, I read everywhere about it and Vad's articles

[10:42] {magoo} and beer your beverage of choice

[10:42] {ese} STOPS   are GOD

 [10:42] {Threei}  partciluarly those that describe psychological side of it

[10:42] {dino} ask magoo, what doesit all come down to?

[10:42] {i2romantis} ok

[10:43] {magoo} GOD=get out dummy

 [10:43] {Threei}  lol

[10:43] {i2romantis} lol

[10:43] {i2romantis} so it's ok to ask stupid questions? :)

 [10:44] {Threei}  why not... magoo does it all the time

[10:44] {i2romantis} for example, the stop hits you like within minutes sometimes and then there's a reversal happening

[10:44] {i2romantis} how do you manage that? 

 [10:44] {Threei}  in fact that's all he does

[10:44] {dino} indeed, we a stupid people

[10:44] {i2romantis} just get out and keep looking for new entries?

 [10:44] {Threei}  get out when your stop is hit, period

[10:44] {dino} get out, re-evaluate

 [10:44] {Threei}  there are some discretions to that but at this point don't even go there

[10:45] {i2romantis} so that's a diff way of thinking I need to adjust to

[10:45] {i2romantis} k

[10:46] {dino} speach time: look at it this way; good trading is not about being right, it's about trading right.. expect to lose regularly

 [10:47] {Threei}  and learn not to give a flying sneeze about that

[10:47] {i2romantis} I agree, just need to get my psychology on track 

[10:50] {dino} bingo

[10:51] {dino} i will only hit about .666 of my trades on averave, so what, i expect to miss

[10:51] {magoo} i was just typing that...me and ding dong {thats dino to newbies} average only 67 %

 [10:52] {Threei}  the rest of the beer they simply spill out on the carpet

[10:52] {dino} w/totally different styles. find your own edge

[10:52] {magoo} vads slightly higher he he

 [10:52] {Threei}  mine is 120%

 [10:53] {Threei}  I don't know how it could be but that's what I firmly believe in

[10:53] {i2romantis} k

 [10:53] {Threei}  I convinced myself about that by everyday's session of self-hypnosis

[10:53] {dino} vad=delusional   :)

 [10:53] {Threei}  and proud of it

[10:53] {i2romantis} lol

[10:53] {dino} ok, back to work

[10:54] {magoo} and drunk half the sessions

 [10:54] {Threei}  half??

 [10:54] {Threei}  and btw... look who is talking

 [10:54] {Threei}  born in sin - come on in

[10:55] {dino} nwpx at it again

[10:55] {dino} lol

 [10:55] {Threei}  VIX VOLATILITY INDEX MOVES BELOW 40 FOR THE FIRST TIME SINCE OCT 2

 [10:55] {Threei}  - the peak on the VIX was 89.53 on Oct 24

[10:56] {dino} hell is repetition

 [10:56] {Threei}  yeah :)

[10:58] {ese} thinking EGLE at .45 break

[11:00] {dino} give me what i want and i'll go away (dino says to market)

[11:02] {ese} Vad....HOLX   looks like a diagram right out of your book...... 

 [11:04] {Threei}  probably worth a try if market helps ese

 [11:04] {Threei}  nice looking JBE

[11:07] {ese} indeed 

[11:14] {dptl} got holx at .96

[11:17] {ese} i'm in at .94 dp    got side tracked was looking at other things didn't realise i'd been filled

[11:17] {Onix} good for you, i got it .98

[11:17] {dptl} stop under .85

[11:18] {dino} last try esrx sm l .60

[11:19] {ese} yep     got mine at .85

[11:22] {i2romantis} cheers everyone and happy new year! I'm leaving for the day and will see you in the new year.

[11:22] {lisa_jay} By the way ESE HAPPY BIRTHDAY.

[11:22] {patience} happy new year i2

 [11:23] {Threei}  take care i2r, happy new year

[11:23] {KSystems} bye i2r! take care

[11:23] {dptl} oh ye Happy B-day Ese :)

[11:23] {KSystems} ese?

[11:23] {KSystems} Happy birthday :)

[11:24] {dino} asei stuck, bstop to b/e

[11:24] {dino} happy b-day es

[11:25] {ese} Long HBAN also .51 3/4........tks ksys

[11:26] {ese} dp....you got a target for HOLX........

[11:27] {dptl} offering .08

[11:27] {dino} tighten asei to .06, we'll cover commission

[11:28] {ese} have 1/2 lot was gonna hold out for .14

[11:30] {dptl} egle?

 [11:30] {Threei}  disconnected from DRYS

[11:30] {dptl} yes

 [11:30] {Threei}  hard to tell

[11:30] {dptl} .50 may be

 [11:31] {Threei}  if it starts going on its own, just read the chart... and remember how jumpy it can be

 [11:33] {Threei}  over 1:1

[11:33] {dptl} didn,t take it

[11:34] {ese} ots of resistance at 13 dp....but when it gets throught that .........hmmmmmmm

[11:34] {dptl} we should ask Vad to kick it

[11:34] {ese} definately

[11:35] {ese} VAD????

 [11:35] {Threei}  you guys are playing it differently than I would

[11:35] {ese} how would you play it

[11:35] {magoo} just noticed PLD

[11:35] {dptl} ye?

 [11:35] {Threei}  it's very thick, moves slowly,

[11:35] {dino} asei stuck still toghten to .92

 [11:35] {Threei}  I'd do scalp type I on it

[11:35] {dino} just droped

[11:35] {dptl} oh i see....

[11:35] {ese} what is scalp type 1

 [11:36] {Threei}  .95 entry, big shares, .89 stop, take scalp around 1:1

 [11:36] {Threei}  big shares, small move on a thick stock

[11:36] {ese} how big shs?

 [11:36] {Threei}  on this one for me would be 3-5K

[11:36] {ese} wow......ok....that would take nerve for me

 [11:37] {Threei}  with 6 cents stop

 [11:37] {Threei}  within normal risk tolerancwe

[11:37] {ese} I'll get there though

[11:37] {dino} esrx stop to .99 stingy mode

[11:37] {lisa_jay} Ese how long did it take you get to this stage...something for me to look forward to.

[11:38] {dino} make iot .09

[11:38] {dino} out +.49 esrx

[11:38] {ese} Hi lisa......to be honest......i'm not sure......working vads system has given me more confidence for sure.....thats because i use proper stops....

[11:39] {ese} know my losses are going to be small.....

[11:39] {magoo} what stock u guys talking about?soorry was on phone

[11:39] {ese} dp and I are in HOLX

[11:39] {lisa_jay} ok, thanks Ese.

 [11:40] {Threei}  ese's way was somewhat different lisa

 [11:41] {Threei}  he moved from invetsment mindset and reading 134 books to our "not thinking allowed" mindset

[11:41] {dptl} ese,you using 1 min chart?

 [11:41] {Threei}  not = no

[11:41] {ese} yes 1 min

[11:42] {dino} lol, reminds me of my change to less=more

[11:42] {lisa_jay} It is funny, the no thinking allowed, take setup, etc comes so naturally to you....where as the same setup that i take i lose money.

[11:42] {lisa_jay} I am sure there is that little thing i am missing.

[11:42] {ese} closer to 180 books.....gave 125 of them to Russels books downtown...still have 50 or so for reference

[11:43] {dptl} i noticed i see set ups more clearly on 3 min charts for some reason

[11:46] {ese} Holx you turd......the other way man!!!!!the other way!!!!!

[11:46] {ese} how much longer is the market open?

[11:47] {dptl} full day today

[11:47] {ese} full?   i thought it wasa short day

[11:47] {dino} acap, itri on watch

[11:47] {dptl} no full

[11:48] {patience} vad, it is snowing, make it go away

[11:49] {dino} 5" fell here so far patiencer, larisa getting her white new years' wish

[11:50] {patience} it's just that the snow completely washed away dino...checked in my garden, everything budding up and bulbs are coming along nicely

 [11:51] {Threei}  no snow here

[11:51] {ese} it's rain over here by the water patience.....

[11:51] {dino} hmmmmm, not sure what to say to that

[11:51] {dino} we've already had about 2 feet this winter, usually we only get 5-5 feet

[11:52] {dino} 4-5

[11:52] {magoo} rem of a stock trader only book i read before vads

[11:52] {magoo} so easy for me to go to mindless trade

[11:52] {ese} count yourself luckY mags

 [11:53] {Threei} Long Setup:  PLD  .90 break

 [11:53] {Threei}  if stays above .80

[11:53] {dino} 1st half of way of the turtle made sense to me

[11:53] {magoo} PLD the 1 that got away today

 [11:54] {Threei}  yeah, I kind of forgot about it

[11:54] {magoo} me too

[11:54] {dino} asei to .80

[11:59] {dino} cov asei .78, +.38

[11:59] {magoo} Q read vad??

 [11:59] {Threei}  rather up than down but...

[12:00] {magoo} in PLD

 [12:00] {Threei}  half out .99

[12:00] {magoo} is 30 BIG resistance

 [12:01] {Threei}  30?

 [12:01] {Threei}  considering that it's at 14, I'd say huge

[12:01] {magoo} OY the Q

 [12:01] {Threei}  rofl

[12:01] {ese} at 13 again dp....

[12:01] {dptl} yep

 [12:02] {Threei}  can't really evaluate it mags

[12:06] {magoo} DRYS coiling

[12:07] {dino} air pocket phys

[12:07] {dino} psys

[12:08] {magoo} my revelation in the bear of 08...

[12:09] {magoo} easier to book 10 ..$100 dollar trades than 1 $1000 trade

[12:09] {dptl} out holx +.12 ty Ese

[12:09] {magoo} seriously

[12:10] {magoo} with that said..out 14.08 

[12:10] {magoo} TY boss..$100 bux

[12:10] {dino} acap sm s .75

[12:10] {dino} risky thin

 [12:10] {Threei}  out PLD in full

[12:10] {magoo} yes

[12:10] {ese} out HOLX  .09 +.15   i'll take it

 [12:11] {Threei}  HOLX worked beautifully, good spot ese

[12:11] {ese} tks

 [12:11] {Threei}  last day of this year turns out to be fairly decent

[12:11] {ese} onto HBAN......

[12:13] {Chaeron} Good afternoon all

[12:13] {dino} itri hmmm

 [12:13] {Threei}  chaeron :)

[12:13] {ese} CCCCCHHHHHHH BABY!!!!!

[12:14] {Chaeron} heheh... hey guys... stalking anything?

[12:14] {dptl} fridge.

[12:14] {dino} acap, itri

[12:14] {Chaeron} dino likes those easy ones.... fridges don't run that fast

[12:15] {dino} lol

[12:15] {dino} i need to avoid the fridge in the new year

[12:15] {dptl} lol

[12:17] {magoo} CHA CHA CHA CHIA CHAER:)

[12:17] {Chaeron} roflol... magoo hitting the champagne early

 [12:17] {Threei}  my avoidance of fridge somehow leads me right to it with amazing inevitability

 [12:18] {Threei}  and if it happens in the dark, my experience is - it's not a soft object

 [12:18] {Threei}  I have bruises to prove that

 [12:19] {Threei}  now I know where the term "fridge magnet" comes from

[12:19] {KSystems} sigh

[12:20] {dino} "go meat"

 [12:21] {Threei}  go? I never left

[12:21] {dino} hillshire farms commercial

 [12:21] {Threei}  me and meat are siblings

[12:23] {Onix} ty Vad, i got 15c in PLD

 [12:23] {Threei}  :)

[12:24] {dino} lphi

[12:25] {dino} odsy

[12:32] {dino} ac/dc just came over the internet radio

[12:36] {dino} .

 [12:43] {Threei}  guys

[12:43] {Chaeron} girls

[12:44] {lisa_jay} yes

06[12:44] * Threei slaps Chaeron around a bit with a large reminder that mama said not to interrupt speakers

06[12:44] * Chaeron slaps Threei around a bit with a large trout

[12:44] {Chaeron} just because I can

 [12:44] {Threei}  out of those who is in the room now (many vacation, slackers),

 [12:45] {Threei}  anyone's contemplating attedning Bahamas?

 [12:45] {Threei}  there are some changes according to survey results

 [12:45] {Threei}  official version will be posted soon

[12:45] {Onix} sorry, won't be able to make it

 [12:45] {Threei}  I can share details, as much as they are known at this p;oint, now if anyone's interested

 [12:46] {Threei}  onix, is particular dates are consideration, that's changing somewhat too

 [12:47] {Threei}  is = if

[12:47] {dino} not looking good for me 3i

 [12:47] {Threei}  so does venue to accomodate many who said Atlantis cost is too high

[12:49] {dino} timing not working for me 3i

[12:50] {Onix} busy time for me

 [12:50] {Threei}  if it moves to March 28-30, is it changing things?

[12:50] {dino} not for me

[12:51] {dino} but do not change things for me

 [12:51] {Threei}  no, dates and venue will be changed accordingly to survey result, to accomodate as many as possible

[12:52] {Onix} sorry, no

 [13:01] {Threei}  slackers

 [13:02] {Threei}  I will enjoy Bahams without ya'll

 [13:02] {Threei}  and magoo meanwhile will go to Bermuda

[13:04] {dino} lol

[13:05] {dino} stel

06[13:11] * laserdave1 slaps Threei around a bit with a large trout

06[13:11] * laserdave1 slaps Threei around a bit with a large magoo

 [13:11] {Threei}  lordy... give this man something not that smelly to slap with

 [13:11] {Threei}  ummm... I meant trout, not magoo {G}

[13:11] {laserdave1} haha

[13:11] {laserdave1} what timing

 [13:12] {Threei}  lol

[13:12] {laserdave1} lmao

[13:12] {laserdave1} that was crazy timing

[13:12] {laserdave1} happy new year everyone

[13:12] {dino} rate drop

 [13:12] {Threei}  same to you daviouesky

[13:12] {laserdave1} looking forward to market picking up come Monday

[13:12] {laserdave1} :)

[13:13] {laserdave1} u never know though

[13:13] {laserdave1} year end

[13:13] {laserdave1} we could get a bit of action come end of day

[13:14] {laserdave1} books might need balancing

 [13:14] {Threei}  Fri is a bit of enigma too

[13:16] {dino} happy new year dave

06[13:16] * magoo slaps laserdave1 around a bit with a large hope and more hope that daves work ethic improves and he buys alarm clock

 [13:16] {Threei}  one trading day between holiday/weekend

 [13:16] {Threei}  natural expectation would be not much action

 [13:16] {Threei}  but who knows

[13:16] {dino} like last friday

 [13:16] {Threei}  could be a setting the stage

[13:17] {magoo} difference is dino.....this friday is a brasnd new year..last fri was forget 08

 [13:17] {Threei}  we will see, and act accordingly to our undoubtedly astute observations

[13:17] {dino} you just don't get it do ya magoo

[13:17] {dino} nothing matters

[13:18] {magoo} all that matters is the game..correct

[13:18] {dino} the game, nothing quite the same, all that matters is the game

[13:19] {dino} saia

[13:19] {dino} thinnies popping

 [13:22] {Threei} Long Setup:  TLT  small shares .30 break

 [13:22] {Threei}  stop under .20

[13:23] {magoo} expensive one

[13:23] {dino} sm s itri .00, stop hod

 [13:23] {Threei}  and invalidated

 [13:24] {Threei}  just how many shortcomings can come together in one stock

[13:25] {dino} several

 [13:26] {Threei}  btw, I just realized

 [13:26] {Threei}  magoo broke his morning promise

 [13:26] {Threei}  I gave him what he wanted in a form of a few nice trades... but he is still here

[13:26] {magoo} huh

[13:27] {dptl} lol

 [13:27] {Threei}  [09:30] {magoo} give me what i want vad...and i will go away

[13:27] {magoo} dino twisting my arm to drink already

[13:27] {magoo} he wants to call it a yr..hes up something like 2k already

[13:28] {dino} acap bstop to .18 expect slippage

[13:29] {magoo} whats price of crude anyone?

 [13:30] {Threei}  I show 40.50

[13:31] {KSystems} OK, I'm out of here

[13:31] {KSystems} need to get drunk

[13:31] {KSystems} Cya in 2009, take care and don't drink too much :D

 [13:31] {Threei}  you have to do what you have to do

 [13:32] {Threei}  take care ks, happy New Year

[13:32] {KSystems} Happy New Year :)

[13:32] {dino} happy new year ks

[13:32] {dino} acap to .12

[13:34] {dino} acap slp, cov stop .12 ave. +.63

[13:35] {Onix} wtg!

[13:36] {magoo} happy KS

06[13:37] * magoo slaps laserdave1 around a bit with a large basket of cheer for new years party

[13:37] {dino} sm l esrx .05

[13:37] {magoo} DRYS vad

[13:37] {magoo} looks ready

[13:37] {dino} ty onix

 [13:37] {Threei}  could take a few tries

 [13:37] {Threei}  if you really want it, first one would be .20 break

[13:39] {magoo} egle going

[13:49] {dino} ozrk

[13:54] {dino} sm s ozrk .26 stop .57

 [14:03] {Threei}  US TREASURY: CONSIDERING AIDING FIRMS ON CASE BY CASE BASIS THAT SERVE THE AUTO INDUSTRY

 [14:03] {Threei}  {AXL JCI BWA MGA GT NAV}

 [14:04] {Threei}  FAZP.TU FOLLOW UP: CEO SAYS WILL CUT OFF GAS SUPPLY TO UKRAINE STARTING AT 0700GMT JANUARY 1ST

 [14:04] {Threei}  that was gazp.ru I guess

[14:05] {dino} that is one of the lines that services eupoean countries if i remember correctly

 [14:05] {Threei}  yup

 [14:05] {Threei}  annual balckmail by Russia

[14:06] {dino} yes, last i think they did the same

[14:06] {dino} last year

[14:07] {dino} iflo

[14:07] {patience} first time in a year i've been caught in a trade with the system down

[14:07] {patience} want to get out of goldcorp

[14:08] {patience} on hold...yeesh

[14:09] {dino} gl

[14:10] {patience} thanks dino, i've had pretty good luck this year technically, odds had to hold true though

[14:13] {patience} oh well, watching oil contract running up

[14:16] {dino} ozrk stopped -.34

[14:17] {ese} HBAN   " it's about time" "it's about space" "it's about a family ......lost in space"...hm wasn't that the theme to that space show in the 60's Robinson Family....

[14:19] {ese} whatever......

 [14:19] {Threei}  lol

[14:20] {dino} danger/danger

[14:41] {magoo} vad EGLE

 [14:42] {Threei}  don't know what to say mags

 [14:43] {Threei}  climbs slowly... no indication whether it continues or dies sudden death

[14:50] {dino} up to the markets imo

[15:01] {magoo} vad..put down the spiked EGGNOG and fiund me $300 bux

 [15:02] {Threei}  why 300?

[15:03] {dino} asei hmmm

[15:04] {dino} fwiw fed day top 8958, hod for dec 9026

[15:04] {dino} sell the rips still imo

[15:05] {dino} 8118 low dec

[15:06] {magoo} need it

[15:12] {magoo} [15:01] {magoo} vad..put down the spiked EGGNOG and fiund me $300 bux

[15:12] {magoo} [15:02] {Threei}  why 300?

[15:12] {magoo} [15:03] {dino} asei hmmm

[15:14] {magoo} i like christiajn bros 80 proof VS in my nog

[15:14] {ese} have a happy new year everyone......it's birthday celebration time.....see ya friday

[15:15] {patience} have fun ese  :)

[15:15] {ese} see ya patience

 [15:15] {Threei}  take care ese, happy birthday and happy new year

[15:19] {magoo} anyone trading afterhours tonite lol

[15:19] {patience} nope...just waiting to unload goldcorp still

[15:20] {dino} did you get thru

[15:21] {patience} was finally able to log on but they gave me a number in ottawa, i thought what the heck...if you end up holding it, so be it

[15:21] {patience} it's up $1.30 for me so i'll see how much i can get out of it before the close

[15:22] {dino} ok

[15:22] {dino} sounds like when i try to talk w/chuck

[15:23] {patience} chuck is still around?

[15:23] {dino} schw

[15:24] {patience} oh, silly me

[15:24] {dino} :)

[15:25] {dino} mnro

[15:25] {patience} i used to like it when chuck was in the room though

[15:25] {dino} me too

[15:26] {patience} hey vad, you going to the levee's tomorrow?

 [15:26] {Threei}  nah

 [15:29] {Threei}  REMINDER: A NUMBER OF S&P INDEX CHANGES GO INTO EFFECT AFTER THE CLOSE TODAY

 [15:29] {Threei}  **in the S&P500:

 [15:29] {Threei}  - FLIR replaces NCC

 [15:29] {Threei}  - OI replaces WB

 [15:29] {Threei}  - SCG replaces MER

 [15:29] {Threei}  **in the S&P400:

 [15:29] {Threei}  - OHI replaces SCG

 [15:29] {Threei}  - VLY replaces FLIR

 [15:29] {Threei}  **in the S&P600:

 [15:29] {Threei}  - ACAP replaces MNC

 [15:29] {Threei}  - AMSF replaces FED

 [15:29] {Threei}  - ATU replaces BLTI

 [15:29] {Threei}  - INDB replaces LBY

 [15:29] {Threei}  - FSP is added

 [15:33] {Threei}  DRYS fast drop

[15:33] {Onix} FLIR relaces NCC but then VLY replaces FLIR?

[15:33] {magoo} dino..make the 3:40 call...u got the BALL

[15:33] {dino} itri bstop to flat can't move

 [15:33] {Threei}  different indexes onix

[15:33] {dino} it's coming

[15:34] {dino} 60-80 pts

[15:34] {Onix} ok ty

 [15:34] {Threei}  flir moves from 400 to 500

[15:34] {dino} we go 200-220

[15:34] {dino} just about at peak of range, 8828 was end of nov.

[15:35] {dino} cov itri +.02

[15:36] {dino} oct top at end was about 9100

 [15:40] {Threei}  UN SECURITY COUNCIL SCHEDULES MEETING ON THE MIDDLE EAST SITUATION FOR 6PMET TODAY

 [15:41] {Threei}  in case you wondered about their plans for new year eve

[15:44] {magoo} feel bad for them.....NOT

[15:47] {magoo} look at this sell off vad

 [15:48] {Threei}  looking

 [15:48] {Threei}  DRYS bounce cadnidate

[15:48] {magoo} from where?

[15:53] {magoo} .57 was the ticket

 [15:53] {Threei}  got .61

[15:53] {dino} huh, no big push

[15:57] {dptl} ok...Happy New Year all...and all the best.......see ya friday :)

[15:57] {patience} you too dp  :)

 [15:57] {Threei}  take care dp, happy new year'

 [15:57] {Threei}  thank you all, have a great New Year eve

 [15:57] {Threei}  see you all on Friday

[15:58] {dino} out esrx .10, +.05

[15:58] {patience} have fun tonight vad, thanks for the help this year

[15:59] {dino} happy new year all, be safe

[15:59] {dawg} thanks all

[15:59] {patience} i'm holding onto goldcorp.  want to see if i can start the new year off right

[16:00] {dino} cov mnro .45, +.05

[16:02] {magoo} ty vad, everyone..have a happy

Dec 30 2008

Not terribly active day, as expected. Couple stops, couple wins, barely profitable. AAPL saga brought nice trading opportunity when reluctant denial of a rumor appeared but it was mostly for personal consumption, not the room call.

Session Time: Tue Dec 30 00:00:00 2008

[08:34] {lisa_jay} Good morning.

[08:34] {Threei}  morning lisa

[08:34] {dawg} gm all

[08:34] {Threei}  dawg :)

[08:35] {Threei}  sold 500 SLW 6.57 seeing oil and gold down

[08:35] {patience} good morning RT   :)

[08:35] {Threei}  got 300 more that I picked yesterday at .38

[08:35] {Threei}  patience :)

[08:35] {Threei}  not sure if it's worth holding

[08:35] {Threei}  I guess will dump it if it loses .30

[08:35] {lisa_jay} HI Dawg, Patience.

[08:35] {patience} morning Lisa

[08:35] {dawg} Hello Lisa

[08:36] {patience} wouldn't surprise me if precious metals sulk for a week or so

[08:45] {Larisa1} good morning :)

[08:45] {Threei}  Larisa :)

[08:46] {Threei}  REPORTEDLY GM 8% 2031 BOND FALLS 238BPS FOLLOWING BAILOUT - UNCONFIRMED SOURCE

[08:46] {Onix} Good morning all

[08:46] {Threei}  onix :)

[08:46] {Larisa1} onix, threei :)

[08:47] {Threei}  yesterday around 8:40 pm I decided I am all for chemical castration as method of idiots control

[08:48] {Threei}  driving kids to ferry, temperature drops to freezing point after some rain during the day,

[08:49] {Threei}  on a curvy part of road I hit back ice patch,

[08:49] {Threei}  car fishtails a little, AWD kicks in and evens it out,

[08:49] {Threei}  I take foot off the gas pedal, arriving safely.

[08:50] {Threei}  On my way back, driving at the same spot, there is big SUV, Ford Explorer

[08:51] {Threei}  on this same patch loses control totally, wanders all over the road, by sheer luck avoids hitting concrete divider or car in the next lane.

[08:51] {Threei}  I take foot off gas pedal again,

[08:51] {Threei}  now get this:

[08:51] {Threei}  car behind me, THE SAME MODEL, Explorer,

[08:52] {Threei}  nervously honks and hurriedly passes me sharply swerving around me.

[08:52] {Threei}  Right there, seeing that one with no control 2 seconds ago!

[08:52] {Threei}  Now, do we want these people to procreate?

[08:53] {lisa_jay} We will need someone to buy our shares when we sell for profit Vad.

[08:54] {Threei}  yeah but life expectancy is not high enough for this kind... they won't be around when we hit sell button

[08:56] {Threei}  *OCT CASE SHILLER HOME PRICE INDEX: 158.1 V 161.56 PRIOR; COMPOSITE 20 INDEX: -18% V -17.9%E

[08:56] {Threei}  - prior home price revised from 161.56 to 161.65

[09:13] {magoo} morning

[09:13] {dino} gm all

[09:13] {tomg} good morning 

[09:13] {Threei}  magoo, dino, tom :)

[09:14] {magoo} vad, news GS AAPL FSLR RIMM?

[09:15] {dptl} good morning all

[09:15] {ese} good morning........

[09:15] {Threei}  dp :)

[09:15] {Threei}  not really mags

[09:15] {Threei}  ese :)

[09:16] {ese} heres interesting info for you all.......

[09:16] {ese} it's my birthday tomorow....

[09:17] {Threei}  wow... guaranteed celebration every year even if they forget :)

[09:17] {Threei}  happy birthday :)

[09:17] {ese} yes indeed!!!

[09:17] {ese} tks

[09:17] {magoo} nice ES ..happy bday

[09:17] {tomg} happy birthday ese :)

[09:17] {Onix} hi magoo; dino; tomg

[09:17] {ese} tks tom

[09:18] {ese} morning onix

[09:18] {tomg} hi onix

[09:18] {Onix} hi ese, happy birthday tomorrow!

[09:21] {ese} thnks you

[09:21] {dino} have a happy b-day es

[09:21] {ese} sorry thank you...thats better

[09:22] {ese} tks dino......

[09:22] {patience} happy birthday ese   :)

[09:23] {ese} tks patience.....

[09:30] {gen} gm evrybody :)

[09:30] {Threei}  gen :)

[09:31] {dino} rtlx

[09:32] {Threei}  watching PAL for 2 break

[09:32] {Threei}  I'd prefer it to happen when metals are strong though

[09:35] {Threei}  STLD

[09:35] {Threei}  watching for long if pulls back to .40 -.50

[09:36] {Threei}  half lot, one more leg down

[09:37] {Threei}  or .60 break if holding above .50

[09:38] {Threei}  better

[09:38] {Threei}  .50 break if holding above .40

[09:40] {Threei} Long Setup:  SLW  .33, stop under .20

[09:41] {Threei}  for hard core scalpers under .25

[09:42] {Onix} in .34

[09:42] {dino} rimm sm l .20

[09:44] {dino} stop is .89

[09:45] {Threei}  DEC CHICAGO PURCHASING MANGERS INDEX: 34.1 V 33E

[09:45] {dino} clwr blood

[09:45] {patience} agrium and potash doing well, low volume though, cdn side

[09:46] {ese} L SLW .36 1/2

[09:47] {lisa_jay} targets for trades vad?

[09:47] {dino} rimm stopped -.31

[09:48] {Threei}  SLW half out on the next spike, STLD is just a scalp if works

[09:50] {Threei} Long Setup:  QQQQ  .12 if stays above .05

[09:52] {dino} dxd sm l .60

[09:53] {dino} stop lod

[09:59] {dino} out dxd .00, +.40

[10:00] {patience} the market is moving in slow motion

[10:00] {Threei}  DEC CONSUMER CONFIDENCE: 38 V 45.5E

[10:00] {Threei}  yikes

[10:00] {dino} whew, thought that was me

[10:00] {Threei}  let's rally on this, and we are officially in a bull market

[10:01] {Threei}  STLD no worky

[10:01] {lisa_jay} STLD stopped

[10:02] {ese} Out SLW  too much supply -.06

[10:06] {Threei}  good out

[10:06] {lisa_jay} SLW stopped

[10:06] {Onix} stopped slw

[10:06] {dino} vz sm l .95, stop .62

[10:15] {lisa_jay} STLD rinsed.

[10:15] {Threei}  Qs setup is back

[10:15] {magoo} yes in .08

[10:18] {magoo} u know..i miss those 500 point swings

[10:18] {Threei}  lol

[10:18] {magoo} got used to big movemts

[10:18] {Threei}  they'll be back

[10:18] {Threei}  we are just having holiday boredom

[10:22] {lisa_jay} in q"s

[10:23] {Threei}  STLD, that was rude

[10:28] {Threei}  half out Qs here or scalp, your choice

[10:30] {Onix} ty Vad, i took 12c in q's

[10:30] {lisa_jay} Scalped out Q's got 10c thanks Vad.

[10:30] {dino} last try rimm sm l .95

[10:30] {Threei}  welcome

[10:30] {Threei}  offering second half .28

[10:30] {magoo} .27 here

[10:31] {magoo} out he he

[10:31] {lisa_jay} nice

[10:32] {Threei}  out

[10:32] {magoo} nice call boss

[10:34] {Threei}  barely covered previous stops, lol

[10:34] {magoo} you are only human:)

[10:36] {magoo} can u believe how nice i am being?

[10:36] {patience} i always said, that magoo...he is a real gentleman

[10:37] {Threei}  I can't magoo... I fainted

[10:37] {magoo} :)

[10:37] {patience} meanwhile back at the ranch, i totally missed the momo in cdn banks, ag and energy plays

[10:40] {magoo} haven"t done this in awhile

06[10:40] * magoo slaps patience around a bit with a large new pair of nike running shoes

[10:40] {patience} as long as they are new

[10:45] {lisa_jay} testing

[10:46] {lisa_jay} drys is perky this morning.

[10:46] {ese} back long SLW .29 1/2 lot

[10:47] {magoo} vads, news FSLR?

[10:47] {Threei}  nope

[10:51] {Threei} Long Setup:  LINE  .10 break half lot if stays above 15

[10:55] {magoo} any read PRU vad?

[10:56] {Threei}  mostly mirrors market today

[10:57] {Threei}  probably worth try for bounce scalp on sharp dive under .50

[10:57] {Threei}  smaller shares

[10:58] {Threei}  GM

[10:58] {Threei}  COMPANY HAS REPORTEDLY OBSERVED INCREASE IN SHOWROOM TRAFFIC AFTER ANNOUNCEMENT OF GMAC AS A BANK HOLDING COMPANY

[10:58] {Threei}  - Sales Chief: December sales had been better m/m before announcement of recent incentivized offers, may evaluate return to leasing

[10:58] {Threei}  - Notes that 2009 sales expectations remain unchanged{F}

[11:02] {patience} heading out for a bit, watching brazilian stocks, PBR is one i wanted to trade today

[11:02] {KSystems} good morning

[11:03] {Threei}  KS :)

[11:03] {Onix} hi KS

[11:03] {KSystems} hey vad, onix

[11:03] {Onix} it is so crazy ... when institutions get into trouble, they become banks?

[11:04] {Onix} lke Goldman Sacks & GMAC?

[11:06] {dino} life insueres

[11:06] {dino} insurers

[11:11] {dino} stop rimm .99, +.04 thing won't move

[11:12] {magoo} rimm lost its favor for now

[11:12] {lisa_jay} SVNT

[11:16] {Threei}  had news after market

[11:16] {Threei}  12/29/08 05:01pm

[11:16] {Threei}  [SVNT] Savient Pharmaceuticals Inc. Pegloticase BLA Filing Accepted for Priority Review by FDA

[11:16] {Threei}  - PEGLOTICASE is a novel biological drug for treatment-failure gout (TFG) patients.

[11:16] {Threei}  - Under priority review, the target date for an FDA decision on the pegloticase BLA is April 30, 2009.

[11:20] {Larisa1} magoo hurt RIMM's feelings, moving now :)

[11:21] {Threei}  PLD

[11:21] {Threei}  if losing .40, likely to drop sharply and give nice bounce scalp

[11:21] {dino} wmt sm l .50

[11:21] {magoo} call your entry please..i always chase iin

[11:22] {dino} f'ing rimm

[11:24] {magoo} long aapl here for scalp

[11:24] {magoo} in .18

[11:24] {magoo} stop ..90

[11:26] {magoo} .47 exit

[11:26] {magoo} if gets there

[11:27] {Threei}  SAY

[11:27] {Threei}  DISCLOSES NO LONGER IN COMPLIANCE WITH INDIAN STOCK EXCHANGE RULES DUE TO DIRECTOR RESIGNATIONS RECENTLY - FILING

[11:27] {Threei}  short on .70 break?

[11:27] {Threei}  with stop above .80

[11:27] {magoo} avail

[11:27] {Threei}  it's not news really

[11:28] {Threei}  hard to tell

[11:28] {magoo} missed PRU

[11:29] {magoo} kickin AAPL

[11:30] {Threei}  OK, .69 short but with stop above .75

[11:30] {magoo} pretty good kkick

[11:30] {magoo} out

[11:30] {Threei}  no kidding

[11:30] {Threei}  wtg

[11:30] {magoo} hurt myself tho

[11:31] {Threei}  RIMM won't follow for some reason

[11:31] {Threei}  didn't make even couple cents on this Qs spike

[11:31] {dino} aapl sm l .40

[11:32] {magoo} yeah,..aapl moves still..not as  good as used too..but rimm has quit

[11:38] {Threei}  if market goes for new highs, HIG 16 break for a scalp

06[11:39] * Threei slaps Chaeron around a bit with a large Happy New Year greeting

[11:39] {Chaeron} thanks :) Hi all

[11:40] {Onix} hi Chaeron

[11:41] {Chaeron} hi Onix :)

[11:42] {Threei}  Santa is here but looks pretty much sapless

[11:42] {Threei}  spent

[11:42] {Threei}  exhausted

[11:44] {lisa_jay} futures going up...but HIG not breaking that 16

[11:48] {dino} aapl stop to .80

[11:52] {dino} out +.40

[11:54] {Onix} wtg!

[11:55] {Threei}  nice one

[11:55] {tomg} wtg dino, i got part of it, ty!

[11:55] {dino} ty

[12:01] {dino} i messed up wmt, had .95 and didn't take it

[12:05] {Threei}  CAT

[12:05] {Threei}  half lot long on .50 break

[12:05] {Threei}  stop under .35

[12:06] {Threei}  with any market support is capable of more than scalp

[12:09] {dino} stopped vz .22, +.28

[12:09] {dino} stopped wmt .65, +.15

[12:13] {Threei}  put also KLAC on watch

[12:13] {Threei}  bounce scalp candidate

[12:18] {laserdave1} laserdave1 hits the entire room with santy claus

[12:18] {Threei}  lol

[12:18] {Onix} ty

[12:19] {laserdave1} now tha was imprssive

[12:19] {laserdave1} nprobs

[12:27] {lisa_jay} laserdave1 DCC if you have a minute

[12:30] {dino} itri

[12:30] {dino} ensg

[12:37] {dino} itri sm s .18, risky

[12:40] {Threei}  watching KLAC for possible bounce off .50 and CAT off 43

[12:47] {Threei}  SVNT nice sizeable pullback

[12:48] {dino} stop on itri is .46

[12:49] {Threei}  AAPL

[12:49] {Threei}  reports of Jobs health problems

[12:50] {lisa_jay} sheesh

[12:50] {Threei}  rumors rather

[12:50] {Threei}  if denied, buy all you can

[12:51] {lisa_jay} Drys any read vad?

[12:51] {Threei}  AAPL

[12:51] {Threei}  HEARING WEAKNESS ATTRIBUTED TO VAGUE SPECULATION ON HEALTH OF STEVE JOBS

[12:51] {Threei}  not really

[13:01] {dino} aapl sm l .90, risky

[13:05] {magoo} u in cat vad

[13:08] {dino} vad is the cat

[13:08] {Threei}  no

[13:09] {dino} out aapl .30, +.40

[13:10] {lisa_jay} nice

[13:10] {dino} cpla spike

[13:10] {Threei}  missed it near 43, got distracted

[13:10] {dino} thin

[13:10] {Onix} gj

[13:10] {dino} midd too

[13:10] {magoo} nice dino

[13:10] {dino} thx

[13:21] {lisa_jay} .

[13:26] {dino} cov itri .85, +.33

[13:26] {Onix} nice

[13:26] {dino} ty

[13:27] {Threei}  last time around this happened company was faairly quick to deny rumors

[13:27] {Threei}  I guess traders get nervous about lack of denial

[13:29] {dino} we shall buy it again

[13:29] {magoo} oh no u shant

[13:35] {dino} getting interesting

[13:37] {magoo} o no 

[13:37] {dino} would seem that jobs is the only aapl employee the way it trades

[13:37] {magoo} the only one in research

[13:37] {Onix} SU?

[13:38] {magoo} SU=shut up?

[13:38] {Threei}  lol

[13:38] {Threei}  not sure onix

[13:38] {Onix} :)

[13:41] {dino} esrx

[13:41] {lisa_jay} FFIV

[13:44] {Threei}  half lot CAT .11

[13:45] {dptl} stop under 43?

[13:45] {Threei}  yup

[13:46] {magoo} in cat

[13:46] {lisa_jay} IN

[13:46] {Onix} in .12

[13:47] {ese} talk about your b-flat ordinary tuning type nothing day.   Am still long the molasses version of SLW.  Although i'm +.08 which would put me up  +,02 for the day.

[13:47] {dino} fantastic

[13:48] {lisa_jay} Bright side you are up.

[13:48] {dino} lol

[13:48] {Threei}  more ethusiasm AAPL

[13:48] {ese} huh.....aaahhh oh ya....i'm up!

[13:49] {magoo} hate to chase aapl here

[13:49] {magoo} NEWS AAPL CNBC

[13:49] {Threei}  denial?

[13:50] {ese} he better be alright.......man i just bought his computor.

[13:50] {magoo} yes

[13:50] {Threei}  beautiful

[13:50] {lisa_jay} were u long?

[13:50] {Geo} hi fellow speculators !

[13:50] {Geo} laseedave dcc pls

[13:50] {Threei}  grabbed .18

[13:50] {Threei}  half out CAT

[13:51] {Threei}  CNBC'S GOLDMAN: APPLE DOES NOT COMMENT ON MARKET RUMORS, NOTHING HAS CHANGED FOR PULLING OUT OF MACWORLD CONFERENCE, CITING IRRELEVANCE OF CONVENTIONS

[13:51] {Threei}  stop to .04

[13:52] {dptl} cat?

[13:52] {Threei}  yes

[13:55] {Threei}  this is not real denial, is it

[13:55] {dino} me thinks aapl protests too much

[13:55] {magoo} not a clear denial

[13:55] {Threei}  no

[13:56] {Threei}  market wants to see him doing push-ups

[13:56] {dino} brings back memories of the 3 d's

[13:57] {Threei}  our balance CAT

[13:57] {Threei}  out

[13:57] {lisa_jay} stopped

[13:57] {Onix} stoped CAT

[13:57] {Onix} & stopped

[14:01] {magoo} ditto

[14:01] {Threei}  am I the only one here taking half at 1:1??

[14:02] {dino} you are te only one here

[14:02] {Threei}  oh good

[14:02] {Onix} yup

[14:02] {magoo} yup

[14:03] {Onix} ever hopeful ... i thought 1:1 for CAT was .22 - .24

[14:04] {Threei}  hit.22, stalled... why be so literal in choppy thin market?

[14:05] {Threei}  [13:50] {Threei} half out CAT

[14:05] {Onix} learning every day ... was too fast for me :)

[14:05] {Threei}  SPOKESPERSON: COMPANY WOULD INFORM PUBLIC IF DETERMINED THAT JOBS WAS UNABLE TO PERFORM DUTIES

[14:11] {dino} esrx sm l .60

[14:14] {dino} stop is .33

[14:15] {dino} uhal rocking, thin

[14:17] {Threei}  people are moving a lot recently?

[14:22] {dino} \perhaps

[14:26] {Threei}  8 snowmobilers died in avalnche in BC

[14:31] {Threei}  FMCN

[14:31] {Threei}  SHARES INITIATED WITH BUY RATING AT A BOUTIQUE FIRM, PRICE TARGET $13 (TIMING UNCERTAIN)

[14:35] {magoo} vad..mkt close up big or wha?

[14:36] {Threei}  I doubt it

[14:36] {magoo} feels to magoo up

[14:37] {Threei}  feels up to me too, but big - hardly

[14:37] {patience} is market open all day tomorrow?

[14:37] {Threei}  half

[14:37] {Threei}  I think

[14:37] {patience} ty

[14:38] {dptl} i think its a full day

[14:38] {dino} gass

[14:38] {lisa_jay} Patience are you in PBR?

[14:38] {patience} y

[14:38] {lisa_jay} Where did you pick it up?

[14:38] {lisa_jay} thanks.

[14:38] {patience} 23.40

[14:39] {patience} was waiting for a nice pop after the bollinger bands narrowed so nicely

[14:39] {dino} pabst blue ribbons

[14:39] {patience} not exactly taking off

[14:39] {Threei}  yup... full day

[14:39] {patience} it is a good swing candidate for me

[14:40] {patience} i'm reading up on brazilian stocks, will narrow the list down to 6 and probably trade them in 2009

[14:41] {lisa_jay} The daily looks very nice...

[14:41] {dino} esrx stopped -.27

[14:41] {patience} slow and steady   :)

[14:42] {lisa_jay} Not to jinx it, but if it were to not work out...where would you be stopped out?  Thanks.

[14:43] {patience} in the 21 dollar area...this is a longer play for me

[14:43] {lisa_jay} Ok, thank you.

[14:59] {dino} esrx getting spanked

[15:02] {dino} vz sm l .80

[15:10] {Geo} hey vad dcc if you have a min pls

[15:13] {dino}  vrtx

[15:25] {dino} aapl sm l .70

[15:35] {dino} aapl stoped .25, +.55

[15:35] {lisa_jay} nice

[15:35] {dino} ty

[15:35] {dino} magoo piggy backed it

[15:36] {Threei}  watching CSIQ for pullback into .40- .50

[15:38] {magoo} dino..3:40 spikarolla}????

[15:39] {dino} signs point to yes

[15:39] {dino} esrx big old rinse

[15:41] {Threei}  will take CSIQ if eats through .60

[15:45] {dino} theres 46 pts

[15:45] {dino} should get 60-80

[15:45] {dino} had 50

[15:50] {lisa_jay} anyone got CSiQ?

[15:50] {Onix} went way too fast through 60, 61 etc.

[15:51] {dino} nope

[15:52] {dino} ok +60

[15:52] {Threei}  don't take it on pullback unless willing to hold overnight

[15:52] {Threei}  too close to eod in case you lost track of time

[15:53] {dino} crazy 3:40 bounces go 60-80 points just about every day

[15:55] {magoo} DINOOOOOOO

[15:55] {magoo} called it

[15:56] {dino} 82

[15:57] {dino} out vz .20, +.40

[15:58] {dino} slow day, but 8/11

[15:58] {magoo} DDDDDDDIIIIIIIIIIIIIIIIIIIIIIINNNNNNNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[16:00] {dptl} have a good evening all

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening, see you tomorrow for the last session of this tortured year

[16:01] {magoo} ty boss

[16:01] {dino} take care all

[16:01] {dino} thx for ideas

[16:03] {dawg} thanks everyone

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

Dec 26 2008

We made it a short session, too low volume. Nonetheless, PLD and USO trades made for a nice profitable day.

                                                                                               

Session Time: Fri Dec 26 00:00:00 2008

[08:07] {Onix} Good morning 3i, jmb & tomg

[08:07] {Threei}  Good morning

[08:08] {Onix} You could not sleep either hey?

[08:08] {Threei}  age... :)

[08:09] {Onix} ya

[08:13] {Onix} Vad, could your daughter make it home yet? 

[08:14] {Threei}  thankfully yes

[08:14] {Threei}  with flight delays, but that's minot inconvinience these days

[08:14] {Threei}  minor

[08:14] {Onix} thats great ... you had a good xmas then?

[08:15] {Threei}  fantastic

[08:15] {Onix} yes, there is nothing like having the children home for Xmas

[08:17] {Threei}  and feeding them to the point of fainting

[08:17] {Onix} no, that is not so good of you! 

[08:17] {Threei}  no, but who is to stop me?

[08:18] {Onix} true, they can go back on their diets when they go home again

[08:19] {Threei}  eqzaktly

[08:20] {Threei}  AMZN

[08:20] {Threei}  REPORTS 2008 HOLIDAY SEASON

[08:20] {Threei}  - Says 6.3M items ordered worldwide on its peak day of Dec. 15, notes it is the best holiday season ever for the compay

[08:21] {Larisa1} good morning :)

[08:21] {Threei}  Larisa :)

[08:21] {Larisa1} hi threei :)

[08:22] {Onix} hi there Larisa

[08:23] {Larisa1} onix :)

[08:24] {_elepet} good morning.

[08:24] {Threei}  elepet :)

[08:38] {Onix} hi lelepet

[08:58] {gen} gm Room

[08:58] {lisa_jay} Good Morning 

[08:58] {Threei}  gen, lisa :)

[08:59] {gen} Vad :)

[08:59] {gen} lisa:)

[09:06] {patience} happy boxing day RT

[09:06] {Threei}  patience :)

[09:07] {dawg} gm all

[09:08] {Threei}  dawg :)

[09:09] {dino} gm all

[09:09] {Threei}  dino :)

[09:10] {dino} :)

[09:12] {Threei}  keeping an eye on AMZN, PLD

[09:13] {Onix} hi gen, lisa, patience, dawg & dino

[09:13] {gen} Onix:)

[09:13] {lisa_jay} Hi Onix.

[09:14] {wishbone} good moring all

[09:14] {Threei}  wish :)

[09:15] {tomg} gm all

[09:15] {Threei}  tom :)

[09:18] {Onix} hi wishbone, tom

[09:18] {tomg} hi Onix

[09:20] {wishbone} hi onix

[09:21] {magoo} morning and hope everyone had nice holiday

[09:22] {Threei}  magoo :)

[09:25] {Onix} hi magoo, yes ty

[09:25] {Threei}  12/24/08 07:29pm

[09:25] {Threei}  [GM] General Motors Corp GMAC unit approved by Fed as bank holding co; Utah Dept of Financial institutions also approves GMAC Bank as a State bank

[09:25] {Threei}  -The Federal Reserve stated it stepped in ahead of Friday's GMAC debt for equity exchange deadline, citing "emergency conditions" are needed to speed GMAC's approval and ensure good participation Friday.

[09:25] {Threei}  -Vote was 4-1. Ms. Duke the head of the American Bankers Association was the sole dissenter.

[09:25] {Threei}  -As a condition of the sale the Fed requires GM to reduce its stake in GMAC from 49% to 10%. The other majority owner, PE firm Cerberus, will also be required to reduce its stake in GMAC to a range of 15-33% from 51% currently.

[09:27] {Onix} the plot thickens

[09:30] {Threei}  AMZN

[09:31] {Threei}  half lot long closer to 53

[09:31] {Threei}  never mind

[09:31] {Threei}  lol

[09:35] {Threei}  .55 long if holding .40

[09:35] {magoo} watching PLD

[09:36] {magoo} missed it

[09:39] {lisa_jay} GRMN Vad?

[09:40] {Threei}  not sure, too low volume

[09:41] {lisa_jay} Ok, thanks.

[09:42] {Threei} Long Setup:  RIMM  half lot 41 break if stays above 40.80

[09:43] {dino} vol. low on everything

[09:43] {Threei}  only natural for such day

[09:43] {Threei}  PLD

[09:44] {Threei}  either pullback into 13 area for long

[09:44] {Threei}  or .60 break

[09:44] {Threei}  stop under .40

[09:44] {Threei}  break is much riskier

[09:46] {Threei}  half out .75

[09:47] {Threei}  offer 1/4 more .above .90

[09:48] {Threei}  stop trailed to under .50

[09:48] {magoo} took 87

[09:48] {magoo} TY vad

[09:48] {Threei}  welcome

[09:49] {tomg} ty vad

[09:49] {Threei}  :)

[09:50] {dino} cb l hl .74

[09:51] {Threei}  stop to .55

[09:52] {dino} cb stop to .98

[09:54] {Threei}  double top at .90... really needs to break it this time or it's done for the time beeing

[09:54] {dino} out cb +.24

[09:55] {Threei}  out PLD balance

[09:56] {Threei}  stkl

[09:56] {Threei}  never mind, wrong window

[10:01] {Threei}  going over 14, PLD... hard to nail entry though

[10:01] {dino} afam sm l .35, stop .98

[10:02] {dino} thin, gappy

[10:03] {Threei} Long Setup:  PLD  .25 half lot

[10:03] {Threei}  stop under 14

[10:03] {Threei}  PLD goes significantly higher, IMO

[10:04] {Threei}  just too volatile

[10:04] {dino} air pocket afam tighten to .04

[10:06] {Threei}  half out .45 PLD

[10:06] {Threei}  stop to under .20

[10:07] {Threei}  offering balance at .75

[10:07] {magoo} waiting 67

[10:07] {Threei}  not looking

[10:07] {Threei}  just waiting for machine-gun sound of order filled

[10:08] {Threei}  on either side

[10:10] {Threei}  Ok

[10:10] {dino} afam stopped

[10:10] {Threei}  waiting for deeper pullback

[10:10] {Onix} hig?

[10:11] {Threei}  HIG, if market starts moving I'd try .80 break

[10:11] {Threei}  stop under .70 for scalpers

[10:11] {Onix} ty

[10:11] {lisa_jay} amzn

[10:12] {Threei}  HIG looks strong enough to try but it does need market help

[10:12] {Onix} ty

[10:22] {Threei}  whether you partialed or not when it hit 1;1, stop is now under .80

[10:24] {Onix} out .89 ty

[10:25] {Threei}  :)

[10:26] {Onix} RMBS?

[10:27] {Threei}  no read on this one

[10:27] {Onix} ty

[10:27] {magoo} whats your read PLD here vad?

[10:28] {Threei}  14 break with stop under .80

[10:28] {Threei}  half lot

[10:28] {magoo} ty

[10:29] {Threei}  it has look of "surprise is coming"... just low volume day with few players that can cause fizzle-out instead of real run

[10:29] {Threei}  if loses .80 wait for bounce entry near .50

[10:29] {magoo} yeah..but traders were on it wed and they know

[10:32] {Threei}  anyone caught this dip to .53?

[10:32] {magoo} i got 67

[10:33] {Threei}  a bit high...

[10:33] {magoo} yeah

[10:34] {Threei}  try to exit half at least around .80

[10:41] {Onix} fortunately i missed it

[10:43] {lisa_jay} lol

[10:45] {Threei}  it gave a scalp with entry close to .50

[10:45] {Threei}  missed near 13 though

[10:46] {dino} sds sm l .50

[10:48] {Threei}  watching for double bottom off 13

[10:49] {Threei}  nope

[10:51] {Threei}  12.50 next

[10:57] {dino} out sds .44 -.06

[10:57] {magoo} keep reading it vad

[10:57] {magoo} feels like 15 today

[11:02] {tomg} ty amzn, pld Vad, have a good weekend everyone

[11:03] {Threei}  take care tom, have a good one

[11:03] {patience} bye tom

[11:03] {magoo} u too tom:)

[11:03] {dino} cya tom

[11:09] {Threei} Long Setup:  USO  half lot 28 break if stays above 27.90

[11:10] {magoo} scalp or move?

[11:10] {Threei}  no idea, lol

[11:12] {dino} mant spike

[11:13] {Onix} in

[11:14] {lisa_jay} in

[11:17] {magoo} read AMZN here vad?

[11:18] {Threei}  .30 long

[11:18] {Threei}  USO 1:1... half or scalp

[11:18] {Onix} half out .14

[11:19] {Threei}  under .15 AMZN invalidated

[11:19] {Threei}  or stopped

[11:20] {Threei}  nice exit onix, top-ticked it

[11:20] {Onix} ty

[11:21] {Threei}  lisa?

[11:21] {lisa_jay} still in vad

[11:21] {Threei}  not even part?

[11:22] {lisa_jay} nope..missed it :-(

[11:22] {lisa_jay} moved stop to .99 though.

[11:23] {Threei}  yes

[11:23] {Threei}  it spent almost 2 min over 1:1... wake up :)

[11:23] {lisa_jay} trout me...:-)

06[11:24] * dino slaps lisa_jay around a bit with a large trout

[11:24] {Threei}  nope... Christmas spirit... can't

[11:24] {Onix} i was lucky for i put my seel in before the time for .14

[11:24] {Threei}  here it is again

06[11:25] * magoo slaps lisa_jay around a bit with a large exit strategy

[11:25] {lisa_jay} Thanks Vad...got out now.  Got 11c out of the trade.

[11:25] {Threei}  lisa... miss second chance and I wuill forget the Christmas spirit!

[11:25] {Threei}  oh, OK :)

[11:25] {dino} sm s mant .11

[11:26] {Threei}  ok AMZN, it's time

[11:26] {lisa_jay} Missed the nice PLD trades in the morning...took an AMZN trade for .2 and let it ride to breakeven.  I really need to wake up.

[11:26] {Threei}  1:2 USO

[11:27] {gen} bye guys I am done for today :) 

[11:27] {Onix} 1/4 out more o .17 ty

[11:27] {gen} Merry Christmas

[11:27] {dino} later gen

[11:27] {Threei}  take care gen

[11:27] {Onix} see ya gen

[11:28] {dino} gmcr jumpy

[11:28] {Threei}  no worky AMZN

[11:29] {Threei}  USO over 1:3

[11:29] {Threei}  1:4, all out

[11:31] {Onix} wtg

[11:35] {dino} sso l .54

[11:36] {Onix} last 100 out .59, ty Vad

[11:36] {Threei}  beauty

[11:38] {dino} gj

[11:39] {Onix} ty

[11:40] {lisa_jay} nice trade guys.

[11:53] {magoo} AMZN

[11:56] {magoo} PLD gets ready imo

[12:03] {Threei}  feels so... closest support is .15

[12:03] {magoo} in just now .21

[12:03] {Threei}  market is trying to help

[12:03] {magoo} im thinking 14  and then more

[12:04] {magoo} with heavy breathing

[12:04] {lisa_jay} Any trade call on PLD Vad?

[12:04] {Threei}  if .33 offer is taken, should spike to over .40

[12:04] {dino} rimm sm l .65

[12:05] {Threei}  actually offer moved to .29 and got eaten

[12:05] {magoo} yeah..i loked 33 saw nuttin

[12:06] {Threei}  here we go

[12:07] {magoo} id like toi see 60 area

[12:07] {Threei}  over .40

[12:08] {magoo} waiting .61 

[12:08] {Threei}  taking .50 is next hurdle

[12:08] {magoo} can change mind on a dime

[12:12] {magoo} hope it doesnt rinse me first

[12:27] {Threei}  lost drive

[12:27] {Threei}  and will to live

[12:50] {dino} sso stopped -.10

[12:51] {laserdave1} hey everyone

[12:51] {laserdave1} hope you all had a nice Christmas

[12:52] {laserdave1} and Santy was good to you

[12:52] {magoo} same to u dave

[12:53] {dino}  ty dave, back at you

[12:53] {laserdave1} hopefully santa will give us a good year!!

[12:53] {laserdave1} thanks guys

[12:54] {dino} ouch afam

[12:57] {Threei}  hey dave

[12:58] {laserdave1} howdy

[12:59] {Onix} hello dave

[12:59] {laserdave1} hello

[13:01] {Threei}  GM

[13:01] {Threei}  SOURCES FEEL THAT GMAC GETTING CLOSE TO REACHING GOAL OF 75% PARTICIPATION IN $38B DEBT EXCHANGE - CNBC

[13:01] {Threei}  - note: the debt exchanged deadline is today at 5pmET

[13:02] {Threei}  everything is so dead

[13:02] {Threei}  NQ range for the day is 10 points

[13:02] {Threei}  when was last time was this?

[13:02] {Threei}  2006?

[13:02] {Threei}  lol

[13:03] {Threei}  volume is at part with Wed, and Wed was half day

[13:03] {Threei}  at par

[13:03] {Threei}  how about we just end it and have a great weekend?

[13:04] {Threei}  we are up for the day, what's the need to seek adventures

[13:05] {Threei}  anyone has opinion about that? or you all are asleep anyway?

[13:06] {Threei}  I'll take it as an answer

[13:07] {Threei}  thank you all

[13:07] {Threei}  have a great weekend, see you all on Monday

[13:09] {magoo} bye vad

[13:10] {laserdave1} c ya Vadster

[13:10] {Onix} thanks a million Vad, i will also go and enoy the weekend

[13:12] {dawg} bye Vad

[13:12] {lisa_jay} Bye Vad.   Thanks.

[13:12] {_elepet} has everybody left?

[13:14] {magoo} im here

[13:16] {Onix} i am here

[13:20] {_elepet} That's good.  I just wanted to say good bye for awhile.  I'm off to Mexico soon, and if the internet connection there works, I'll be seeing you around the 16th of Jan.  I haven't participated much but have been watching and hopefully learning from all of you and from my mistakes.so thanks.

[13:20] {magoo} good luck too u

[13:25] {dino} .

[13:26] {dino} have fun elepet

[13:30] {Onix} have a good time elepet, bye

[13:30] {dino} afam l sm .90 break

[13:31] {magoo} PLD

[13:44] {_elepet} i haven't left yet. what about PLD?

[13:47] {Onix} looks a little tired to me :)

[13:47] {magoo} watching it

[13:49] {magoo} its risky but i think its not done

[13:51] {Onix} OI  is moving nicely

[14:03] {_elepet} possible entry for PLD?

[14:04] {magoo} needs mkt help

[14:04] {magoo} but if mkt would get going

[14:05] {magoo} close too 13 is good long..78 stop

[14:08] {_elepet} i got in at 13.05. wondering when to get out.

[14:09] {magoo} first exit .40...then .60

[14:09] {_elepet} i have trouble with getting out.

[14:09] {magoo} .77 stop

[14:11] {magoo} partial here

[14:14] {magoo} el??

[14:15] {_elepet} i don't have enough shares to partial. market seems to be heading up so i'm holding.

[14:15] {magoo} ok

[14:15] {magoo} stop would be flat now

[14:31] {magoo} 14 is in the cards imo

[14:31] {_elepet} still in

[14:31] {magoo} yes

[14:31] {magoo} i patialed at .31

[14:34] {_elepet} 14 would be nice. I had figured .45 but past there now

[14:35] {patience} toronto is closed today, Goldcorp is up $1.78 on the US side.   Nice slow trade.

02[14:45] * Disconnected

02[14:45] * Attempting to rejoin channel #discussions

03[14:46] * Rejoined channel #discussions

05[14:46] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[14:46] {Threei}  USO over 1:3

[14:46] {Threei}  1:4, all out

[14:46] {Onix} wtg

[14:46] {dino} sso l .54

[14:46] {Onix} last 100 out .59, ty Vad

[14:46] {Threei}  beauty

[14:46] {dino} gj

[14:46] {Onix} ty

[14:46] {lisa_jay} nice trade guys.

[14:46] {magoo} AMZN

[14:46] {magoo} PLD gets ready imo

[14:46] {Threei}  feels so... closest support is .15

[14:46] {magoo} in just now .21

[14:46] {Threei}  market is trying to help

[14:46] {magoo} im thinking 14  and then more

[14:46] {magoo} with heavy breathing

[14:46] {lisa_jay} Any trade call on PLD Vad?

[14:46] {Threei}  if .33 offer is taken, should spike to over .40

[14:46] {dino} rimm sm l .65

[14:46] {Threei}  actually offer moved to .29 and got eaten

[14:46] {magoo} yeah..i loked 33 saw nuttin

[14:46] {Threei}  here we go

[14:46] {magoo} id like toi see 60 area

[14:46] {Threei}  over .40

[14:46] {magoo} waiting .61 

[14:46] {Threei}  taking .50 is next hurdle

[14:46] {magoo} can change mind on a dime

[14:46] {magoo} hope it doesnt rinse me first

[14:46] {Threei}  lost drive

[14:46] {Threei}  and will to live

[14:46] {dino} sso stopped -.10

[14:46] {laserdave1} hey everyone

[14:46] {laserdave1} hope you all had a nice Christmas

[14:46] {laserdave1} and Santy was good to you

[14:46] {magoo} same to u dave

[14:46] {dino}  ty dave, back at you

[14:46] {laserdave1} hopefully santa will give us a good year!!

[14:46] {laserdave1} thanks guys

[14:46] {dino} ouch afam

[14:46] {Threei}  hey dave

[14:46] {laserdave1} howdy

[14:46] {Onix} hello dave

[14:46] {laserdave1} hello

[14:46] {Threei}  GM

[14:46] {Threei}  SOURCES FEEL THAT GMAC GETTING CLOSE TO REACHING GOAL OF 75% PARTICIPATION IN $38B DEBT EXCHANGE - CNBC

[14:46] {Threei}  - note: the debt exchanged deadline is today at 5pmET

[14:46] {Threei}  everything is so dead

[14:46] {Threei}  NQ range for the day is 10 points

[14:46] {Threei}  when was last time was this?

[14:46] {Threei}  2006?

[14:46] {Threei}  lol

[14:46] {Threei}  volume is at part with Wed, and Wed was half day

[14:46] {Threei}  at par

[14:46] {Threei}  how about we just end it and have a great weekend?

[14:46] {Threei}  we are up for the day, what's the need to seek adventures

[14:46] {Threei}  anyone has opinion about that? or you all are asleep anyway?

[14:46] {Threei}  I'll take it as an answer

[14:46] {Threei}  thank you all

[14:46] {Threei}  have a great weekend, see you all on Monday

[14:46] {magoo} bye vad

[14:46] {laserdave1} c ya Vadster

[14:46] {Onix} thanks a million Vad, i will also go and enoy the weekend

[14:46] {dawg} bye Vad

[14:46] {lisa_jay} Bye Vad.   Thanks.

[14:46] {_elepet} has everybody left?

[14:46] {magoo} im here

[14:46] {Onix} i am here

[14:46] {_elepet} That's good.  I just wanted to say good bye for awhile.  I'm off to Mexico soon, and if the internet connection there works, I'll be seeing you around the 16th of Jan.  I haven't participated much but have been watching and hopefully learning from all of you and from my mistakes.so thanks.

[14:46] {magoo} good luck too u

[14:46] {dino} .

[14:46] {dino} have fun elepet

[14:46] {Onix} have a good time elepet, bye

[14:46] {dino} afam l sm .90 break

[14:46] {magoo} PLD

[14:46] {_elepet} i haven't left yet. what about PLD?

[14:46] {Onix} looks a little tired to me :)

[14:46] {magoo} watching it

[14:46] {magoo} its risky but i think its not done

[14:46] {Onix} OI  is moving nicely

[14:46] {_elepet} possible entry for PLD?

[14:46] {magoo} needs mkt help

[14:46] {magoo} but if mkt would get going

[14:46] {magoo} close too 13 is good long..78 stop

[14:46] {_elepet} i got in at 13.05. wondering when to get out.

[14:46] {magoo} first exit .40...then .60

[14:46] {_elepet} i have trouble with getting out.

[14:46] {magoo} .77 stop

[14:46] {magoo} partial here

[14:46] {magoo} el??

[14:46] {_elepet} i don't have enough shares to partial. market seems to be heading up so i'm holding.

[14:46] {magoo} ok

[14:46] {magoo} stop would be flat now

[14:46] {magoo} 14 is in the cards imo

[14:46] {_elepet} still in

[14:46] {magoo} yes

[14:46] {magoo} i patialed at .31

[14:46] {_elepet} 14 would be nice. I had figured .45 but past there now

[14:46] {patience} toronto is closed today, Goldcorp is up $1.78 on the US side.   Nice slow trade.

[14:46] {magoo} was bumped out

[14:46] {magoo} thats .65 cents on my PLD call

[14:46] {magoo} lets see if vad reads thru this scroll.....SLACKER VAD HE HE

[14:51] {magoo} watching AMZN here

[14:52] {_elepet} i'm still in. but getting antsy. up about .50

[14:53] {magoo} u should be offering out

[14:53] {magoo} iots a hard breather

[14:54] {magoo} take .70 and reload

[15:41] {dino} hum-dee-dum

[15:41] {Onix} .

[15:59] {dino}  out rimm .80, +.15

[15:59] {dino} out afam .95, +.05

[16:02] {_elepet} out pld +.50

[16:03] {_elepet} Thanks and so long for now.

[16:03] {magoo} good nite

[16:03] {dawg} thanks all

[16:04] {dino} thx all, take care

[16:04] {dino} taking this week off next year, volume not worth it

[16:05] {magoo} agrree