Tuesday, January 20, 2009

Jan 20 2009

 Every time we have a great winning day while market suffers like this I feel a bit ashamed... but, here goes: 9 calls, 8 of them are wins, one stop of negligible 11-12 cents... Doesn't get much better than this.  

Session Time: Tue Jan 20 00:00:00 2009

[07:26] {nemo} morgen...
[07:34] {nemo} mornin' patience
[07:58] {cujo} good morning.
[07:58] {Threei}  Good morning RT
[08:04] {cosmo} 3i:)
[08:04] {Threei}  cosmo :)
[08:04] {cosmo} what's the url for the mIRC video (old)
[08:05] {cosmo} ?
[08:05] {Threei}  looking
[08:08] {Threei}  http://www.screencast.com/t/Wj9rVYsgPP3
[08:09] {cosmo} thx:)
[08:09] {hawkfan4} morning all
[08:09] {Threei}  hawk :)
[08:10] {Threei}  RBS... sheesh
[08:11] {hawkfan4} wow, that's nasty
[08:21] {magoo} morning...i thinkj im in the mIRC room today
[08:22] {magoo} hello?
[08:22] {cujo} hey magoo
[08:22] {cujo} you are here. 
[08:23] {magoo} thanx cujo:)
[08:23] {magoo} been a struggle :)
[08:24] {Threei}  magoo :)
[08:24] {Threei}  welcome aboard cujo
[08:24] {magoo} vad:)
[08:24] {cujo} Thanks.
06[08:29] * KSystems writes onto the board "THIS is the right channel. THIS is the right channel"
[08:29] {KSystems} hello cujo
[08:31] {wishbone} good morning
[08:31] {Threei}  wish :)
[08:31] {cujo} hey KS
[08:32] {cujo} how are ya
[08:38] {Peterg} Morning all; this is early
[08:38] {Threei}  peter :)
[08:40] {magoo} stt
[08:40] {magoo} news
[08:40] {Threei}  07:11am [STT] Reports Q4 $1.18 v $1.14e, R $2.67B v $2.46Be
[08:41] {Threei}  01/19/09 06:23pm [STT] WSJ reports that the bank is facing potential losses in key areas
[08:41] {magoo} but it beat?
[08:42] {Threei}  STT had $5.5B in unrealized losses as of December 31, 2008
[08:42] {Threei}  - As of December 31, 2008, there were $5.5B of after-tax net unrealized losses associated with our portfolio of investment securities available for sale and held to maturity
[08:42] {Threei}  - In Q4 08, we recognized a $78M charge to earnings as a result of other-than-temporary impairment determinations
[08:42] {Threei}  - At December 31, 2008, the net asset value based upon market value of our unregistered cash collateral pools ranged from 90.8c to $1.00, with the average weighted net asset value on such date being 95.5c.
[08:42] {Threei}  - A substantial portion of the decline in the market value of these assets occurred in Q4 08.
[08:46] {magoo} so vad, in your opiniion is this over sold down or more pain all day?
[08:47] {Threei}  my working assumption is, selling pressure at first, then strong snapback
[08:47] {Threei}  but you know...
[08:47] {Threei}  we will see
[08:48] {magoo} right
[08:50] {Threei}  btw,
[08:51] {Threei}  while we were mesmerized by PALM action on Fri,
[08:51] {nemo} faz
[08:51] {nemo} oops
[08:51] {Threei}  have you noticed DRYS didn't participate in recovery at all, and finished at the low?
[08:53] {nemo} drys
[08:53] {nemo} oops
[08:55] {Threei}  for Canadians who enjoy nice exchange rate when book their profits:
[08:55] {Threei}  - Resistance3 seen at 1.3030 Early dec 2008 stal zone
[08:55] {Threei}  - Resistance2 seen at 1.2920 is 100-month mvg avg
[08:55] {Threei}  - Resistance1 seen at 11.2730 is former 2004 and 2005 pivot
[08:55] {Threei}  ***Current Level 1.2640
[08:55] {Threei}  - Support1 seen at 1.2560 - Former Q4 reflection point
[08:55] {Threei}  - Support2 seen at 1.2370 - Late Dec, early jan pivot zone
[08:55] {Threei}  USD/CAD
[08:58] {Threei}  wow, I just noticed... magoo, you made it via MIRC??
[08:59] {Threei}  that's a serious technical achievemnt on your part
[09:00] {Threei}  (CA) BANK OF CANADA CUTS BY 50BPS TO 1.00%, AS EXPECTED
[09:00] {dptl} gm all
[09:00] {Threei}  dp :)
[09:01] {Onix} Good morning all
[09:02] {Threei}  onix :)
[09:03] {Threei}  closest natural support for PALM is 7 - 7.20 area
[09:04] {Threei}  big offer at 7.50... if consolidates close to it and chews through it, will be a long trigger
[09:07] {magoo} [08:59] {Threei}  wow, I just noticed... magoo, you made it via MIRC??
[09:07] {magoo} [08:59] {Threei}  that's a serio
[09:07] {dino} gm
[09:07] {Threei}  dino :)
[09:08] {magoo} thank u...thank u....
[09:08] {dino} dino hooked him up
[09:08] {dino} he's buying
[09:08] {fernp} Hello everybody
[09:08] {Threei}  one thing to keep an eye on is UAUA... seems to restore its connection with the market
[09:09] {Threei}  fern :)
[09:09] {magoo} pundits said 72% of time mkts end down on inaug day
[09:09] {magoo} where the hell was the obama inaug rally?
[09:10] {Threei}  well... it seemed to be in cards until RBS came and ruined everything
[09:10] {cosmo} ...he needs to 'earn it'
[09:12] {dino} why do we get one, really nothing has changed, things are terrible financially
[09:13] {Threei}  it's all about perception as always...
[09:13] {magoo} mkts just react to psychology...not looking for bull...but jeez...shorts cant win all the time 
[09:13] {Threei}  and perception is, everything's gonna be fixed in the next few hours
[09:14] {Threei}  hangover takes full 24 hours to pass sometimes, ya know... {G}
[09:16] {magoo} oh..i know
[09:16] {Threei}  lol
[09:16] {nemo} I've had 3 day hangovers
[09:17] {Threei}  that's an achievement in and off itself
[09:17] {nemo} dubious at best
[09:17] {dino} ouch nemo
[09:18] {nemo} wayward youth
[09:18] {Threei}  so far PALM manages to hold 7.30 - 7.35
[09:21] {ese} morning......
[09:21] {Threei}  ese :)
[09:21] {i2romantis} morning everyone
[09:21] {Threei}  i2r :)
[09:22] {Threei}  repeating for canucks"
[09:22] {Threei}  [09:00] {Threei} (CA) BANK OF CANADA CUTS BY 50BPS TO 1.00%, AS EXPECTED
[09:24] {patience} gm RT, and Ese... AGU gave me +.72 yesterday...slow and steady
[09:25] {Threei}  patience :)
[09:25] {Onix} hi patience
[09:25] {patience} gm guys  :)
[09:25] {patience} scalping gold plays this morning
[09:25] {elepet} good morning
[09:25] {Threei}  elepet :)
[09:26] {Onix} hi elepet
[09:26] {KSystems} morning :)
[09:27] {magoo} i never had 3 day hangover because if it wasnt getting better by noon...i resume the bottle
[09:27] {KSystems} Good morning camelot!
[09:27] {Threei}  i2r, look dcc please
[09:27] {nemo} hair of the dog never worked for me
[09:28] {Threei}  let's stay inactive at the very open
[09:28] {magoo} STT looking at becoming teenager again
[09:28] {Threei}  want to let things settle down and start showing something more or less indicative
[09:31] {Threei} Long Setup:  PALM  7.50 break
[09:31] {Threei}  stop under .30
[09:32] {magoo} in
[09:33] {magoo} took .47 aggress
[09:33] {Threei}  sharp spike into 1:1 area
[09:34] {Threei}  let' book half, or take scalp
[09:34] {Threei}  half out for me
[09:34] {dptl} out +.20 ty
[09:34] {Threei}  welcome sir
[09:34] {hawkfan4} out +.24, thx
[09:35] {cujo} out +.28
[09:35] {cujo} thanks 
[09:35] {magoo} out .82 TY
[09:36] {Threei}  welcome guys
[09:36] {Threei}  1/4 more out
[09:37] {Threei}  am I too optimistic?
[09:37] {Threei}  nope :)
[09:37] {Threei}  out in full
[09:37] {Threei}  8.10
[09:37] {magoo} nice
[09:37] {Threei}  +.58
[09:37] {Threei}  can I go home?
[09:37] {magoo} what do u thin?
[09:37] {i2romantis} very nicely done!
[09:38] {dino} gj
[09:39] {Threei}  STT
[09:39] {Threei}  - Note that in its earnings release, STT noted it is "determined not to raise equity during current market conditions."
[09:40] {ese} Ntrs dino.....
[09:40] {Threei}  watching DRYS for 13 break and sharp dump
[09:40] {dino} watching pcln, axys, itri
[09:41] {dino} wynn
[09:41] {ese} l 45
[09:41] {ese} small
[09:41] {ese} out 
[09:41] {patience} tsx down quickly  -135
[09:41] {ese} 46.10
[09:41] {ese} whoaaaaq
[09:42] {ese} + $1.10 on 300 shs
[09:42] {Threei}  wtg ese
[09:42] {patience} very nice ese
[09:42] {ese} man that was fast
[09:42] {cujo} nice ese
[09:42] {ese} had no time to type
[09:43] {ese} tks
[09:45] {Threei}  MYGN 52 week highs
[09:45] {magoo} RIMM strong vs mkts vad
[09:45] {Threei}  - pre-open
[09:46] {Threei}  RIMM pulled back nicely into support
[09:46] {Threei}  bounce candidate with market
[09:46] {ese} Ntrs   still running
[09:46] {Threei}  52 recross, half lot
[09:47] {Threei}  if stays above .85
[09:47] {KSystems} in
[09:48] {Threei}  1:1 in a hurry
[09:48] {Threei}  half out
[09:48] {Threei}  .24
[09:48] {cujo} out +20
[09:48] {cujo} thanks again
[09:48] {Threei}  scalpers take profit and be happy
[09:49] {tomg} thanks vad
[09:49] {Threei}  welcome
[09:49] {Threei}  .95 stop for the balance
[09:50] {Threei} Long Setup:  DRYS  13.10 half lot if stays above 13
[09:51] {KSystems} in
[09:52] {Threei}  out balance RIMM
[09:52] {Threei}  market weakened
[09:52] {Threei}  wow
[09:54] {Threei}  nice resilience DRYS
[09:54] {Threei}  just don't shake us out
[09:54] {magoo} DRYS triggered?
[09:55] {Threei}  yes
[09:55] {Threei}  come on market, little help
[09:55] {magoo} in .09 then
[09:55] {dino} stt "does not need to raise money" heard that before
[09:55] {Threei}  uhhu
[09:55] {Threei}  they all don't
[09:55] {Threei}  until they do
[09:56] {Threei}  ok DRYS, it's time
[09:56] {Threei}  move your butt, will ya
[09:59] {Threei}  1:1
[09:59] {Threei}  half out .23
[09:59] {Threei}  scalpers know what to do
[10:00] {dino} lod
[10:00] {magoo} i keep forgetting if i am a true scalper
[10:00] {nemo} use a rusty knife mags?
[10:00] {dino} sm l itri .60
[10:01] {dino} sm l pcln .60
[10:01] {Threei}  that's between you and trading gods, magoo... I am not getting involved
[10:02] {magoo} i sacrificed 20 squirrels to the trading gods this weekend
[10:02] {nemo} gotta' be people
[10:02] {Threei}  can use bats
[10:02] {magoo} in rome..they sacrificed bulls
[10:02] {nemo} squirrel's pretty good
[10:03] {nemo} look where that got them
[10:03] {dino} 7995, 1141, 817 thurs. lows
[10:03] {Threei}  bats play significant and often overlooked role in witchcraft
[10:03] {nemo} Shamanism
[10:03] {nemo} Vad-using such hyperbole gives Shamans a bad name
[10:04] {magoo} Q bounce time?
[10:04] {magoo} in .69
[10:06] {dino} lost over here, don't know how to respond
[10:06] {Threei}  OK, enough of a good thing
[10:06] {Threei}  out DRYS in full
[10:06] {magoo} quote server vad?haveing issues
[10:06] {Threei}  .35, +.25
[10:06] {Threei}  7
[10:07] {Threei}  looks fine
[10:07] {magoo} ty
[10:07] {KSystems} RIMM - in .00 - out 1/2 .22 - out rest .88
[10:07] {dino} celg sm l .25
[10:07] {KSystems} DRYS - in .09 - out 1/2 .23 - out rest .35
[10:07] {magoo} out drys .37 TY
[10:08] {Threei}  good job guys
[10:08] {Threei}  but why so low on RIMM KS?
[10:08] {Threei}  we trailed stop after 1:1 was hit
[10:09] {KSystems} to .95?
[10:09] {KSystems} yeah and i wasnt watching when it broke
[10:09] {magoo} it was fast fall rimm
[10:10] {dino} giddy-up
[10:12] {magoo} 1:1 Q
[10:12] {Threei}  PALM non-stop
[10:14] {magoo} drys has that feel vad
[10:14] {Threei}  PALM too
[10:15] {cujo} Vad, is RIMM in range 51.50 to 51.86?
[10:15] {Threei}  RIMM range narrows down
[10:15] {Threei}  see how bands tighten up?
[10:15] {Threei}  will break violently soon
[10:15] {cujo} got ya.  thanks. 
[10:15] {Threei}  now... which way is another matter
[10:16] {cujo} ;)
[10:16] {Threei}  will largely depend on a market,
[10:16] {Threei}  but the point is right now,
[10:16] {Threei}  do not try to pay range on it
[10:16] {Threei}  it's likely to break it
[10:16] {cujo} got it.
[10:18] {cujo} premature to float a buy stop at 52.03 on RIMM?
[10:18] {Threei}  ugh, I would prefer a pullback entry on it
[10:18] {cujo} ok
[10:20] {Threei}  .65 if holding above .50 and if market spikes
[10:20] {Threei}  very small risk
[10:21] {Threei}  there you go, 1:1 in a matter of seconds
[10:21] {Threei}  and above
[10:21] {Threei}  power of aggressive entries
[10:21] {cujo} ugh missed it. Moved a little before i could get in.  
[10:21] {cujo} lesson learned
[10:21] {Threei}  this kind if hard to alert in time, not always possible
[10:21] {cujo} y, but do appreicate. 
[10:22] {Threei}  if I manage to describe the concept andf ilustrate it as close to real time as possible, you will be able to spot it yourself next time
[10:22] {cujo} teach a man to fish...
[10:22] {Threei}  which actually is the purpose anyway
[10:23] {Threei}  teach a man to fish, and he will drink beer on his boat all day
[10:23] {cujo} ha ha ha
[10:23] {Threei}  (magoo's version)
[10:27] {magoo} quotes are REAL bad here
[10:27] {Threei}  hmmm
[10:27] {Threei}  fine here...
[10:27] {Threei}  need any quote?
[10:27] {magoo} nah
[10:28] {magoo} just clunky
[10:28] {dino} celg stop to .89
[10:28] {dino} stopped +.64
[10:29] {Threei} Long Setup:  PLD  near 12
[10:29] {Threei}  stop under 11.90
[10:30] {KSystems} in
[10:30] {cujo} in .05
[10:33] {magoo} in .99
[10:34] {ese} sqnm
[10:34] {ese} L .55
[10:34] {ese} 1/2
[10:35] {ese} stop .40
[10:39] {Threei}  market lost will to live
[10:39] {magoo} again...sigh
[10:39] {dino} out itri .12, +.52
[10:40] {Threei}  wtg
[10:40] {dino} ty
[10:40] {Threei}  no worky PLD
[10:40] {KSystems} stopped pld
[10:40] {cujo} stopped
[10:45] {Threei}  things slowed down considerably
[10:45] {Threei}  we are 3 for 4
[10:45] {Threei}  can relax a bit and wait to see what's next
[10:53] {cujo} USO possible bounce VAD?
[10:53] {dino} tighten pcln to .20
[10:53] {Threei}  sure... but USO is a pain central
[10:53] {Threei}  volatility is a killer on it
[10:53] {cujo} y
[10:54] {dino} agreed
[10:55] {dino} stopped pcln .12, +.52 slippsage
[10:55] {ese} out sqnm     .79
[10:56] {magoo} my quotes so bad gonna try a rebopot
[10:56] {dino} re-test lod coming imo
[10:56] {ese} +.24.......really dumb on my part if your waqtching.....
[10:56] {ese} should have been out on the first run up
[10:57] {dino} whippy es, don't beat yourself up
[10:57] {dino} i should've had more on my 3
[10:57] {Onix} gj anyhow ese :D
[10:58] {ese} tks
[10:59] {dino} [10:56] {dino} re-test lod coming imo
[11:00] {cosmo} ANDS 5.50 resistance   fwiw
[11:00] {dino} watching pcln, itri, axys, celg
[11:05] {dino} gut says "up"
[11:06] {dino} axys partial at .50 l
[11:07] {dino} mygn
[11:08] {ese} outta here for the day all........contrats to all of you south of the border....making history today.....take care    
[11:08] {fernp} bye ese
[11:08] {hawkfan4} l8r es
[11:09] {patience} bye ese
[11:10] {dino} like a run dmc market
[11:10] {Threei}  take care ese
[11:11] {nemo} all the traders must be watching inauguration coverage
[11:13] {patience} trading programs still working though nemo...i'm in slw,kinross and goldcorp.  slw creeping up nice and slowly
[11:13] {Threei}  nice C&H on SLW at 6.30
[11:14] {patience} i'm trading it on cdn side and 5 minute chart
[11:15] {Threei}  pullback to 6.20 - .25 is worth a try
[11:20] {cujo} c & h on apple around 80.20?  
[11:20] {Threei}  not really clean formation
[11:21] {nemo} describing my mind or apple?
[11:21] {Threei}  don't overestimate my mind reading powers
[11:22] {nemo} I thought your "third eye" :)
[11:22] {Threei}  it's inward looking one
[11:23] {Threei}  it has 'I don't care" written on the eyelid
[11:23] {dino} lod
[11:23] {Threei}  SLW chose another break instead
[11:25] {Threei}  looking around to see what's holding steady while market hits new low
[11:25] {Threei}  PALM does, so far
[11:26] {dino} markets feel nervous
[11:26] {Threei}  in fact, it starts forming the same pattern as it did on Fri
[11:26] {Threei}  stays nailed to the same price for a while
[11:26] {Threei}  it was 7.20 for a few hoirs, the explosion
[11:26] {Threei}  then
[11:30] {hawkfan4} PALM kinda forming an asc tri if it moves up from here, top of tri is 8.30ish
[11:30] {cujo} RIMM doing something here...
[11:30] {Threei}  on daily you mean
[11:31] {hawkfan4} no, on 5 min
[11:33] {nemo} When's Europe close?
[11:34] {magoo} that palm flatliner does look same vad
[11:35] {Threei}  let's see if we get pullback into .80... if not, 8 break becomes a long trigger with stop under 7.90
[11:35] {Threei}  break is more risky
[11:41] {KSystems} in
[11:41] {Threei}  first strength from here on PALM
[11:41] {Threei}  got .79 - .80
[11:41] {KSystems} .81 here
[11:41] {Threei}  :)
[11:42] {KSystems} stop under .70 ?
[11:42] {Threei}  ether that or .60
[11:42] {Threei}  depending on your target for the trade
[11:43] {Threei}  it hit over 1:1 if .70
[11:52] {Threei}  PALM exhibits strength while market downticks
[11:52] {Threei}  half out .92
[11:52] {Threei}  want to try and milk it
[11:52] {Threei}  you KS?
[11:52] {KSystems} half out as well
[11:53] {Threei}  okay
[11:53] {Threei}  let's see if it has another stunning rally in mind
[11:53] {Threei}  sorry larisa... it's 'ally
[11:53] {dino} itri sm l .60
[11:54] {larisa} :)
[11:55] {Threei}  stop is to .75
[11:55] {Threei}  hate the idea of being shaken out of this trade but gotta do things by the book
[11:56] {Threei}  SLW
[11:56] {nemo} slw-oops
[11:56] {Threei}  .15 closest support
[11:56] {Threei}  first strength is long
[11:57] {Threei}  with stop under .15
[11:59] {cujo} in .25
[11:59] {KSystems} when you say first strength...do you mean MKT strength or SLW?
[11:59] {Threei}  SLW
[11:59] {dino} uh oh, forgot, pcln sm l .25
[12:00] {Threei}  when we are talking about a stock that is clearly market follower, market help is needed by default
[12:00] {Threei}  SLW is not really a market follower though
[12:00] {KSystems} in .slw
[12:03] {dino} obama, late as usual
[12:03] {Threei}  lol
[12:03] {Threei}  good boy PALM
[12:06] {Threei}  is it not a beautiful feeling, to be on the smart side of the trade... to take shares from scared hands and then feed them into hopeful ones
[12:06] {dino} you are a machine
[12:06] {hawkfan4} it is, it truly is
[12:07] {Threei}  above 8, you are at 1:2 with .70 stop and 1:1 for .60 stop
[12:08] {Threei}  come on dino... I like to think of myself as warm, fuzzy, teddy bear...
[12:09] {Threei}  ummm... wait a few minutes for me to finish laughing hysterically, I'll be back in 5
[12:09] {dino} lol
[12:09] {nemo} that likes to watch animals rip each other apart
[12:09] {Threei}  no way
[12:09] {dino} and i'm the kid
[12:09] {Threei}  I like animals
[12:09] {Threei}  people, that's another story
[12:09] {nemo} didn't say you did it...watch it...yeah, me too on the people
[12:12] {Threei}  scalpers who had SLW stop under .20 and treated it as scalp type 1 have 1:1
[12:13] {Threei}  if you took normal size, probably not worth the bother to take profit here
[12:13] {Threei}  and you PALM... enough games, we have 9 to tag
[12:13] {Threei}  {PALM} you are crazy, right?
[12:14] {Threei}  when stock talk back to me, it's a sign of what?
[12:15] {dino} hear it comes, "re-inflate"  echo bubble
[12:15] {KSystems} SLW slowly moving toward day trader's 1:1
[12:18] {Threei}  it hit so close tyo it that trailing srtop to under .20 is justified, IMO
[12:18] {Threei}  ummm... my typing gets worse as day progresses...
[12:19] {Threei}  GM
[12:21] {dino} yeah, because they just got 15b
[12:22] {Threei}  give me 15B and I will see no problem with credit market whatsoever
[12:22] {Onix} ;)
[12:22] {dino} looened for them
[12:22] {dino} loosened
[12:23] {dino} losened
[12:23] {dino} ??
[12:23] {Threei}  see dino? not having 15B makes us struggle with spelling
[12:23] {dino} indeed
[12:24] {KSystems} not that 15B would make our spelling better...just US care less
[12:24] {Threei}  if we did have it... well, not tat our spelling wwould be any better but we wouldn't care
[12:24] {Threei}  lol KS
[12:24] {KSystems} ummm
06[12:24] * KSystems is afraid of what just happened
[12:24] {nemo} palm squeezing...which way?
[12:25] {Threei}  yeah KS... having same train of thought as I do is highly disturbing thing
[12:25] {dino} starting to think ks is 3i
[12:25] {Threei}  europian version
[12:25] {patience} hey dino, good speech...you think we rally this afternoon?
[12:25] {Threei}  younger, more energetic and, sad to admit, better looking
[12:26] {dino} lod
[12:27] {Threei}  and sharp seling
[12:27] {patience} y
[12:27] {cujo} who what is going on...?
[12:27] {dino} dk patience. the way i see it, everybody did, so not
[12:27] {Threei}  who knows cujo
[12:27] {Threei}  just sit it out
[12:27] {Threei}  we have very tight stop on SLW, not much risk there
[12:27] {cujo} got ya :)
[12:28] {Threei}  we have solidly in the money remaining half lot on PALM
[12:28] {Threei}  so let those who want to foght do so to their heart content
[12:28] {Threei}  I am not in trading to make my life tense and nervous
[12:28] {KSystems} stop for remaining PALM portion still .75 ?
[12:28] {Threei}  just the opposite
[12:29] {Threei}  for me, yes
[12:29] {cujo} yeah, rookie nerves here...
[12:30] {Threei}  you are not in anything that can hit you hard
[12:30] {cujo} nope
[12:30] {Threei}  you don't have to rush in the battle when there is a lot of fog over the battlefield
[12:30] {Threei}  enjoy the safety and profit taken earlier,
[12:30] {Threei}  eait for the fog to lift,
[12:31] {Threei}  be relaxed and comfortable
[12:32] {cujo} taking deep breaths
[12:32] {dino} celg
[12:33] {cujo} do you see a decreasing volume reversal in SSO?
[12:34] {Threei}  mags... you sure you are OK? :)
[12:34] {magoo} i have same issue as dino
[12:34] {Threei}  decreasing volume reversal?
[12:34] {Threei}  volume spiked like crazy when it dropped into 21.80
[12:34] {cujo} guess not
[12:34] {magoo} doesnt save what i did o find this room
[12:35] {Threei}  it sure does if you did it right...
[12:35] {Threei}  as KS for help pls
[12:37] {dino} pcln stop to .77
[12:37] {dino} to .85
[12:37] {dino} out slippage .81, +.56
[12:39] {Onix} gj dino
[12:42] {Threei}  second flatlining on PALM today, this time at 8
06[12:44] * Threei rushes to convert all his life savings into roubles
[12:48] {dptl} got to go...have a good evening all
[12:50] {Threei}  take care dp
[12:50] {Threei}  SLW 1:1
[12:51] {KSystems} half out .35
[12:51] {Threei}  6 for 7
[12:51] {Threei}  me happy
[12:51] {cujo} nice
06[12:53] * nemo slaps laserdave around a bit with a large trout
[12:53] {nemo} sorry
06[12:53] * Threei slaps laserdave around a bit with a large reminder that martket opened a few hours ago
06[12:54] * magoo slaps laserdave around a bit with a large roll of cash
[12:54] {laserdave} owdy
[12:54] {Threei}  lol... dave can't complain about lack of creativity in the room
[12:54] {Threei}  ti et slapped with so vastly different things within a span of one minute
[12:56] {nemo} I'd have slapped him with Obama's speech, but all I've got is the trout...
[12:56] {KSystems} oh nemo
[12:56] {KSystems} i can help you there
[12:56] {nemo} vielen dank
[12:56] {dino} ty onix
[12:57] {dino} sookie stackhouse
[12:58] {KSystems} ARGH i deleted my own script
[12:58] {nemo} that's a bitch
[12:58] {KSystems} a couple of people have it around here, nemo. someone will probably be able to send it to you
[12:58] {Threei}  we diversified from trout when found out Realityttader gets high raniking among fishing sites, nemo
[12:59] {nemo} would somebody send me the script
[12:59] {magoo} i luv sookie :)
[13:00] {nemo} mmmm...Vad....PALM setting up for another entry???
[13:00] {Threei}  sent nemo
[13:00] {Threei}  I think so
[13:00] {nemo} privyet
[13:00] {Threei}  stays at this new consolidation levekl while market is dropping
[13:02] {dino} in protest, i'm staying w/trout
[13:02] {Threei}  protest against what?
[13:02] {Threei}  give me a woirthy cause and I will join
[13:02] {KSystems} nemo: just replace the file in your mIRC directory with the new one
[13:02] {Threei}  SLW baby
[13:03] {dino} protesting all sorts of change
[13:03] {Threei}  I am right there with you
[13:04] {dino} as i expected
[13:05] {Threei}  KS, you want to try and ride second half of SLW?
[13:05] {KSystems} sure
[13:05] {Threei}  stop to .24 then
[13:05] {KSystems} allright
[13:07] {Threei}  isn't it ironic... 7 trades, 6 wins - and all of them are on the long side on a red day
[13:08] {patience} does that mean we are smart money?
[13:08] {Threei}  whatever... main thing is, we are making it :)
[13:09] {magoo} only smart dino is ..is smartass
[13:09] {nemo} what director that ini file go in vad?
[13:09] {Threei}  mirc
[13:09] {Threei}  adbe
[13:10] {nemo} duh...boy! did I just have a Homer Simpson MOMENT!!!!
06[13:11] * magoo slaps nemo around a bit with a large marge large hairdue
[13:12] {Threei}  and here it starts again
[13:13] {Threei}  didn't take long for the bickering to resume
[13:13] {nemo} Plu Cest Change plu cest le meme chose
[13:13] {elepet} are you still in slw? I am.
[13:13] {Threei}  KS is
[13:14] {Threei}  I am not... I have patience for one sl,ow stock, not for two
[13:14] {patience} i'm still in it
[13:14] {patience} suits my style...i'm washing the floors and can check on it occasionally   lol
[13:14] {patience} sorry, just funny to me
[13:15] {elepet} as for me i am dancing around the living room.
[13:16] {Threei}  OK... I'll be singing then
[13:17] {elepet} i never am quite in sync with you vad, when did you get out of slw?
[13:17] {Threei}  at 1:1, .35
[13:18] {Threei}  [12:50] {Threei} take care dp
[13:18] {Threei}  [12:50] {Threei} SLW 1:1
[13:18] {Threei}  [12:51] {KSystems} half out .35
[13:18] {Threei}  [12:51] {Threei} 6 for 7
[13:18] {Threei}  [12:51] {Threei} me happy
[13:18] {elepet} ok i'll try thst if it gets back up there
[13:19] {Threei}  why not partial even if you intend for a longer hold
[13:19] {Threei}  you know your 1:1s, don't really need my alert
[13:19] {gen} hi everybody
[13:19] {Threei}  gen :)
[13:20] {gen} Vad :)
[13:20] {Threei}  missed beautiful morning
[13:21] {gen} I had to go to my regular job :(
[13:21] {elepet} you forget how new i am. i don't even know what you mean by 1:1
[13:21] {dino} pcln sm l .09
[13:22] {dino} risk:reward
[13:23] {Threei}  you need MPP or scalping course elepet... or both
[13:25] {gen} AMZN ?
[13:25] {Threei}  nothing familiar
[13:25] {Threei}  exceopt symbol :)
[13:33] {dino} pcln stopped -.33
[13:34] {Onix} :/
[13:34] {KSystems} SLW - in .26 - out 1/2 .35 - out rest .24
[13:36] {dino} too tight pcln
06[13:38] * nemo slaps nemo around a bit with a large trout
[13:43] {Threei}  gen look dcc please
[13:45] {Threei}  maybe I won't switch to roubles...
[13:51] {dino} celg sm l .15
[13:54] {patience} out slw -.04
[13:55] {gen} I am leaving now 
[13:55] {gen} back to work :(
[13:55] {Onix} best of luck gen
[13:55] {gen} happy trading everybody
[13:56] {Onix} thanks
[14:00] {Onix} the Dow going for another bounce @ 8000?
[14:01] {Threei}  SLW selling getting exhausted
[14:03] {dino} cya gen
[14:08] {Threei}  starts looking like marketis ready to reverse
[14:09] {Threei} Long Setup:  RIMM  .86 stop under .70, half lot
[14:10] {Threei}  lol
[14:10] {Threei}  VIDE
[14:11] {Threei}  look at level 2
[14:12] {Threei}  RIMM invalidated as a break but becomes an aggressive entry, as close to .60 as possib;e
[14:12] {Threei}  with stop under .50
[14:13] {KSystems} out PALM
[14:16] {nemo} SLW double bottoming?
[14:16] {jmb} thanks vad RIMM
[14:17] {Threei}  :)
[14:17] {Threei}  looks like, SLW... hard to tell in this muddy market
[14:18] {Threei}  waves of sudden selling out of nowhere
[14:18] {Threei}  heistant to trade against them
[14:18] {KSystems} are you still in RIMM Vad?
[14:18] {Threei}  just a quick scalp, .59 - .76
[14:19] {Threei}  it's a counter-trend trading, not hanging around for too long
[14:19] {KSystems} allright
[14:19] {Threei}  bite you easy piece, get out
[14:19] {Onix} please help, i can not understand it: we are in this global financial crisis because banks lent too much too easy, now governments want to encourage banks to lend more?
[14:20] {Threei}  hehe
[14:20] {Threei}  it's like healing hangover with shot of vodja in the morning Onix
[14:20] {Threei}  vodka
[14:20] {nemo} onix, watch the standards this time around.  If there are no credit lines, there is no business.
[14:21] {Onix} ;) Vad
[14:22] {nemo} this is gettin' ugly
[14:23] {Threei}  depends on your definition of beauty
[14:23] {Onix} going to test 8000 level on Dow
[14:24] {nemo} Like the Bulgarian definition?
[14:24] {Threei}  that, or ostrich once
[14:24] {nemo} ostrich taste good
[14:24] {Threei}  head in the sand, whatever happens outside me no care
[14:25] {nemo} unless you have a shotgun pointed at your alimentary canal
[14:27] {Threei}  will VSEC ever bounce or is it a dead duck?
[14:27] {nemo} dead ostrich?
[14:27] {Threei}  not that I am interested, not my type of stock
[14:27] {Threei}  dino may be though
[14:28] {dino} hmmm
[14:29] {cujo} vad +.17 on RIMM.  Thanks.  Forgot to post when it executed.  
[14:29] {Threei}  wtg cujo
[14:29] {cujo} tnkx
[14:29] {dino} gj cujo
[14:29] {dino} army not looking at vsec bid
[14:42] {Threei}  yeah
[14:43] {Threei}  nice bounce SLW
[14:43] {Threei}  anyone went for it?
[14:43] {cujo} nopers
[14:43] {patience} does a duck swim?
[14:44] {Threei}  unless pond is frozen...
[14:44] {patience} good point
[14:45] {patience} wait a sec, didn't you tell me yesterday felt like summertime?
[14:45] {patience} no frozen ducks
[14:46] {Threei}  it did... I just make a general statement
[14:46] {Threei}  I have to maintain reputation of master of the obvious, remember
[14:46] {Threei}  I worked long and hard to earn it
[14:47] {dino} celg stopped -.36
06[14:47] * Threei reaches for all his treasures hidden in the attic and sells them
[14:52] {Threei}  Sen Kennedy collapsed during luncheon
[14:53] {cujo} bounce time?
[14:53] {nemo} Have you seen his belly?
[14:53] {larisa} he has brain cancer
[14:53] {Threei}  hard to tell cujo, need some more definitive action than this
[14:54] {nemo} RIMM getting off the mat?
[15:00] {Threei}  two senators actually
[15:00] {Threei}  Robert Byrd too
[15:00] {Threei}  what's going on... senators are dropping like flies
[15:02] {Threei}  banks got seriously killed today
[15:03] {Threei}  and in fact are what mainly weighs on the market
[15:03] {Threei}  compare % down for the financials and indices
[15:05] {Onix} all the government props of financials are breaking under the weight
[15:06] {Threei}  confirms the notion that financial sector is not what is going to lead the market on the way up
[15:06] {Threei}  IMO, they will lag
[15:07] {dino} breaking jan. and dec. lows
[15:07] {nemo} hide the women and children
[15:07] {Onix} you think the market will ever go up again Vad :O
[15:08] {nemo} I guess the inauguration was "sell the news"
[15:08] {Threei}  not really Onix... it's going to drop eternally
[15:09] {nemo} Yep...right into 2012...we're all gonna' die
[15:09] {Threei}  of course when 'ally sta'ts I will assu'e you we will neve' eve'; even pull back anymo'e
[15:09] {Onix} :D
[15:14] {nemo} Hey mags...see this:    http://www.telegraph.co.uk/scienceandtechnology/technology/apple/4297205/Sniper-rifle-software-launched-for-iPod-touch.html
[15:16] {Threei}  watch DRYS scalpers
[15:16] {Threei}  likelt to lose 13, dive quickly and provide scalpable bounce
[15:16] {dino} s&p -14% in 9 trade days, dji -12%, ndx-11%. pretty brutal
[15:16] {Threei}  not likely to call it in time, will be quick
[15:16] {dino} there goes my b-day again
[15:16] {Threei}  either you get a feel for it or stay away
[15:16] {Threei}  and keep to half lot, no need to spoil a goosd day
[15:18] {Threei}  held 13...
[15:18] {Threei}  oh well
[15:20] {Threei}  PALM is getting hit brutally
[15:20] {Threei}  7.50 break for a quick scalp
[15:20] {nemo} from golden boy to readheaded step-child
[15:20] {Threei}  hehe
[15:21] {Threei}  yesterday's darlings...
[15:22] {nemo} jaime was right...not
[15:22] {Threei}  take scalp
[15:22] {jmb} thanks vad PALM
[15:22] {Threei}  sure thing
[15:22] {Threei}  easy money to be picked up
[15:23] {Threei}  missed DRYS, 13 was such a tempoting support to break, was pretty sure it would
[15:24] {nemo} RIMM vad?
[15:24] {Threei}  I'd stay away from it for now
[15:24] {nemo} yep
[15:34] {dino}  -5% ndx, s&p today
[15:34] {dino} crazy, when average yearly is only 6%
[15:34] {dino} idcc
[15:35] {dino} good thing cnbc was talking the obama rally and bottom early january
[15:35] {Threei}  lol
[15:40] {dino} 3:40
[15:44] {Onix} i think i see blue blood flowing in Wall Street today with the royal financials being slaughtered royally
[15:45] {Threei}  look at FSLR and other solars, and you'll se green blood too
[15:45] {Onix} :)
[15:45] {nemo} skf up 27% today...that's green
[15:46] {Onix} unbelievable!
[15:47] {Threei}  look at BAC
[15:48] {dino} c 2.88
[15:48] {Onix} BAC & C close to dropping off the charts into the abyss
[15:48] {Threei}  yeah... jeez
[15:49] {nemo} yeah...they'll trade with FNM and FRE
[15:50] {dino} close to being nationalized
[15:50] {Threei}  hey... maybe this way we will get rid of fed?
[15:50] {nemo} you dreamin'
[15:51] {dino} nope, they are insolvent as it is
[15:51] {Threei}  nationalize them all, then let them go private keeping central bank functions belonging to state
[15:51] {nemo} too much power to give up
[15:52] {dino} markets not liking the tax, spend, more regulation administration
[15:52] {dino} plus, the 3:40 bounce is not working under them
[15:53] {dino} :)
[15:53] {Threei}  that's upsetting
[15:53] {Threei}  I jusr learned how to play it
[15:53] {Threei}  stop changing game rules on me
[15:53] {Threei}  wait... changing the rules IS the rule
[15:54] {Onix} :D
[15:56] {Threei}  finshing at the low
[15:56] {Threei}  yikes
[15:56] {Threei}  DRYS
[15:56] {Threei}  too close to eod :)
[15:58] {wishbone} good nite all
[15:58] {Threei}  take care wish
[15:58] {larisa} good night :)
[15:58] {Threei}  ok guys, tell me please
[15:58] {dino} cya wish
[15:58] {Threei}  should we be ashamed to say "nice day" when markets are bleeding like that?
[15:59] {Threei}  or let's keep our head high and say it anyway?
[15:59] {Threei}  no one even talking to me...
[16:00] {Threei}  whatever... I won't talk to you either
[16:00] {nemo} I'll talk to you...vad
[16:00] {patience} i'm just thankful we aren't down 700 or 800 points...hate those days
[16:00] {cujo} sry vad, watching mkt tank
[16:00] {Threei}  other than say, have a nice evening, see you tomorrow
[16:00] {Threei}  but tomorrow I am not talking to any of you
[16:00] {KSystems} bye :)
[16:00] {KSystems} and thank you
[16:00] {Threei}  exdept nemo
[16:00] {Threei}  patience
[16:00] {cujo} Have a good one
[16:00] {Threei}  cujo
[16:00] {patience} :))))
[16:00] {Threei}  and KS
[16:00] {Threei}  lol
[16:00] {dino} ?
[16:01] {Threei}  never mind dino... I am having my end of day fun
[16:01] {Threei}  I mean, fun as I understand it
[16:01] {nemo} Yeah, and it's just after lunch for you
[16:01] {Threei}  which is, you know... dubious at best
[16:01] {fernp} see you all tomorrow, good evening
[16:01] {Threei}  fern :)
[16:02] {dino} hmmmmm
[16:03] {dino} in any case, calling it a day