Friday, January 23, 2009

Jan 23 2009

Very strong finish of a nice week. Gap down in the morning was a gift. Some of usual suspects (DRYS, STT) plus GERN made a day. Had a chance for some educational chat with real time illustrations as well.

Session Time: Fri Jan 23 00:00:00 2009

[07:44] {cujo} good morning
[07:46] {elepet} someone else awake! Where do you live and what time is it there?
[07:50] {cujo} New York
[07:50] {cujo} 7:50 AM
[07:50] {cujo} where are you at?
[07:51] {elepet} it's just about 5 here in northern california.
[07:51] {cujo} no Cal... San Fran?
[07:51] {elepet} petaluma...north of there.
[07:52] {cujo} ahhh, in the Emerald Triangle?  Did you see the special on CNBC last night?
[07:53] {elepet} nope. what was it?
[07:53] {cujo} oh, i think you are south of it anyhow
[07:53] {elepet} where?
[07:53] {cujo} it was called "Marajuana Inc"
[07:53] {elepet} not far i believe.
[07:53] {cujo} special about all the legal medicinal weed being grown in northern cal 
[07:54] {cujo} mendocino i think was the center of it?  or at least a big part of the whole thing..
[07:55] {elepet} that's about 2 hours north of me.
[07:55] {cujo} got ya. 
[07:55] {cujo} must be nice to get done trading and have the whold day left to yourself
[07:56] {elepet} did you happen to notice GERN this morning pre market?
[07:57] {cujo} looking now
[07:58] {cujo} wow
[07:58] {elepet} i held overnight.
[07:58] {cujo} get out of here?  REally?  Nice trade man
[07:59] {elepet} haven't sold yet. i have trouble selling.
[07:59] {cujo} I always sell too early :)
[07:59] {cujo} at least right now.  Trying to get over it. 
[08:00] {elepet} it's a bit of a crapshoot. I held DRYS. about same loss,
[08:00] {cujo} Higher on news?
[08:01] {elepet} big news. i forget what it is, but it 's big.
[08:01] {elepet} when i woke up, it was at 7.20 and i thought i was still asleep.
[08:02] {cujo} ha ha... It was all just a dream
[08:04] {elepet} and drys was at 9.00. a nightmare this time, but it seems to be moving up a bit.
[08:06] {elepet} why does magoo keep getting kicked off?
[08:07] {magoo} morning
[08:08] {elepet} hey...another early riser. why do you keep getting kicked?
[08:09] {cujo} morning magoo
[08:09] {magoo} u know..i spent 3 days to finally get into mirc
[08:09] {cujo} fun times
[08:09] {elepet} traders taking profit on GERN pre market. wonder if i should.
[08:09] {magoo} but something isnt quite setup correctly
[08:09] {cujo} 24% not too shabby el
[08:09] {magoo} it doesnt save and open instantly
[08:10] {cujo} room settings or wondow size?
[08:10] {cujo} brb
[08:10] {magoo} i need KS i guess...
[08:10] {nemo} mornin'
[08:10] {magoo} but was tired  of messing with it
[08:10] {nemo} mornin'
[08:11] {nemo} mags, am I registering?
[08:11] {magoo} EL..imo..take profit into green spike...can always reload it on a pullbk
[08:12] {magoo} morning ES
[08:12] {elepet} what is a green spike?
[08:13] {cujo} profitable spike
[08:13] {cujo} if you are long 
[08:13] {magoo} u have minute charts up correct?
[08:14] {magoo} a candlestick bar
[08:14] {elepet} no.
[08:14] {magoo} huh? no charts?
[08:14] {hawkfan4} morning 
[08:15] {cujo} need hte charts
[08:15] {patience} good friday morning  :)
[08:15] {cujo} morning HAwk
[08:15] {magoo} el..u must have charts??
[08:15] {magoo} BIRD:)
[08:15] {cujo} see any trades in GS in the future?
[08:16] {magoo} beauty on GS hawk
[08:16] {cujo} I gotta have me some cowbell, cowbell = charts
[08:16] {nemo} mornin'
[08:16] {hawkfan4} i'm sure i will, i like that stock. mags you actually reminded me to keep a close eye on it
[08:17] {elepet} I thought i was leaving for mexico and cancelled  my data feed with charts. now just watching lvel 2 on broker site. Gern has gone up .25 as we've been speaking.
[08:17] {magoo} actually..i trade it most days too...its a good market indicator also
[08:17] {magoo} markets cant go up without GS 
[08:18] {magoo} see, imo..u got 5 green bars in row gern
[08:18] {magoo} a red is coming
[08:18] {elepet} and keeps going up. guess i'll wait till market opens and see what happens.
[08:19] {elepet} i can visualize it from level 2
[08:19] {hawkfan4} there's the red
[08:19] {magoo} [08:18] {magoo} a red is coming
[08:19] {elepet} and there it is.
[08:19] {magoo} see u could exit..then reenter
[08:19] {magoo} make it twice
[08:19] {magoo} over n over
[08:20] {magoo} without risking a stop out neg
[08:20] {magoo} no guarentees in this mkt
[08:20] {magoo} people may take profit and not come back
[08:20] {magoo} need COFEE
[08:20] {hawkfan4} me 2
[08:21] {elepet} o.k. i get it. there will no douht be another green spike when market opens. new people will read the news. I think. i had coffee an hour ago. woke up at 3:00 am
[08:21] {magoo} youve lost 60 cents
[08:22] {magoo} 6.90 to 6.33
[08:23] {magoo} not be offended..just a different way to manage the trade
[08:23] {elepet} think there will be another 8.90 or so?
[08:24] {elepet} should i put in a limit order at that price? seems to be moving up again.
[08:25] {Threei}  Good morning
[08:25] {larisa} morning :)
[08:25] {magoo} 8.90??
[08:25] {Threei}  larisa :)
[08:25] {magoo} morn boss
[08:25] {Threei}  magoo :)
[08:25] {cujo} morning Vad
[08:25] {elepet} hi there vad.
[08:25] {Threei}  cujo :)
[08:26] {Threei}  BALTIC DRY BULK INDEX + 3,7%
[08:38] {magoo} end of world today i guess...sigh
[08:38] {cujo} yeah sounds like it. 
[08:38] {hawkfan4} .
[08:40] {magoo} man..i keep duct taping my house..then world doesnt end...tear it off...then end comes again like today and i gotta redue all that work
[08:44] {i2romantis} morning everyone
[08:44] {cujo} morning i2
[08:44] {i2romantis} not sure what I missed in the last two days, but seems that markets are taking a big dive
[08:44] {i2romantis} hi cujo
[08:45] {Threei}  i2r :)
[08:45] {i2romantis} 3i:)
[08:46] {i2romantis} we are supposed to keep the recession away from our doors, what is this :)
[08:46] {nemo} Vad...what watchin' this mornin'?
[08:47] {Onix} Good morning all
[08:47] {Threei}  don't have candidates so far except usual suspects
[08:47] {Threei}  onix :)
[08:48] {nemo} How about GOOG :)
[08:48] {Threei}  not in cards :)
[08:48] {nemo} Heard that one before...
[08:49] {nemo} whoa...those futures???
[08:52] {Threei}  GERN is morning hero
[08:52] {Threei}  nice beating DRYS
[08:52] {cujo} el held GERN overnight!
[08:53] {elepet} and still have it.
[08:53] {hawkfan4} nice
[08:54] {Threei}  I took 2K at .20
[08:54] {Threei}  dumped one
[08:54] {cujo} nice trade 3i
[08:54] {Threei}  will see if I can't get over 7
[08:55] {Threei}  - Sees potential for fiscal crisis in EU
[08:55] {Threei}  - Notes US, Europe economies are not in 'V-shaped' recovery
[09:00] {Threei}  GERN all the way back
[09:05] {elepet}  just sold slw +.20 but waiting till market opens to sell GERN. in at 5.21. doesn't make sense does it?
[09:05] {cujo} eh, mkt looks ugly
[09:05] {cujo} at least in the open
[09:06] {patience} gold stocks doing ok, gold is up overnight
[09:06] {elepet} investor mentality. don't know if i'll make it to trader.
[09:08] {Threei}  gotta learn to take profits
[09:08] {nemo} who? you vad?
[09:09] {Threei}  ?
[09:09] {Threei}  talking to elepet
[09:09] {dino} gm all
[09:09] {nemo} nevermind...
[09:09] {Threei}  dino :)
[09:09] {dino} end    of    days    (again)
[09:09] {cosmo} friday?
[09:10] {elepet} sometimes i do. then stock goes up after i sell.  sometimes i don't and it goes down. bizarre.
[09:10] {cujo} will always happen, unless stocks stop moving ;)
[09:10] {dino} feels like last friday
[09:10] {Threei}  really... you want to be right everey single time?
[09:10] {hawkfan4} EOD part XXIIVI
[09:10] {cujo} Is that in the BVO Vad?
[09:11] {Threei}  what is?
[09:11] {cujo} The "right every time package"?
[09:11] {Threei}  no... that's platinum membership
[09:11] {cujo} he he
[09:11] {Threei}  secret room
[09:11] {cujo} nice
[09:11] {dino} ndx gaps 1136, and 1085; s&p 800
[09:11] {Threei}  unfortunately I lost keys
[09:12] {cujo} :(
[09:12] {nemo} get lapdances in there?
[09:12] {cujo} KS, you got the keys?
[09:12] {cujo} forgothe is away
[09:12] {dino} did someone say "lapdances"
[09:12] {nemo} no...wrote it
[09:12] {dino} lol
[09:19] {Threei}  dumped second K on GERN
[09:19] {Threei}  what the heck, I am starting the day with 2.5K profit
[09:19] {Threei}  why mess with it
[09:19] {Threei}  and that's after that yesterday's %500 gift from GOOG
[09:19] {cujo} nice room to move.  That including the GOOG from yesterday?
[09:19] {Threei}  no
[09:19] {Threei}  yesterday is yesterday
[09:20] {Threei}  who wants to laugh at my expense, feel free:
[09:20] {Threei}  when I woke up and looked at GERN,
[09:20] {Threei}  I didn't realize at once there was a handle change
[09:20] {Threei}  thought I got 40-50 cents gap
[09:20] {Threei}  when sold, couldn't understand where the much bigger profit came from
[09:20] {dptl} gm all
[09:21] {Threei}  then saw it was 6, not 5 anymore, LOL
[09:21] {Threei}  dp :)
[09:21] {hawkfan4} lol, nice surprise
[09:21] {cujo} those are the nice trading mistakes ;)
[09:21] {patience} spending money for the bahamas  :)
[09:21] {cujo} or oversights i should say
[09:23] {dino} when you get lucky bokk it, livermoore
[09:23] {Threei}  oh yeah
[09:23] {Threei}  that's a gift
[09:23] {ese} good morning
[09:23] {Threei}  horse... teeth..
[09:24] {Threei}  ese :)
[09:24] {wishbone} good morning
[09:24] {Threei}  wish :)
[09:24] {Threei}  DRYS nice price, and dry index is up again...
[09:24] {Threei}  will be a player at some point, just very risky
[09:25] {hawkfan4} a quick trip under 9 would be nice
[09:30] {dino} so would a quick golf trip
[09:30] {Threei}  lol
[09:30] {hawkfan4} lol, would be even better
[09:30] {Threei}  here is 9
[09:31] {dino} john thain spends $1 million re-decoirating his office, then gets canned
[09:31] {dino} 22k on drapes
[09:31] {Threei}  tough
[09:32] {Threei}  DRYS formed the setup... 9.20 break if holding 9
[09:32] {nemo} Thain was a buddy of mine's roommate at MIT
[09:32] {Threei}  scary one
[09:32] {Threei}  at your discretion guys
[09:32] {Threei}  risk is not to be underestimated
[09:32] {Threei}  if go for it, keep your size reasonable
[09:33] {magoo} in
[09:33] {Threei}  who would have doubt
[09:33] {Threei}  magoo and risk
[09:34] {Threei}  twins
[09:34] {nemo} he's the evil one
[09:34] {Threei}  almost hit 1:1
[09:34] {Threei}  then market hiccup pulled it back
[09:34] {cujo} Thanks Vad.  +.12
[09:35] {magoo} yeah was wait .45 hity .38
[09:35] {Threei}  welcome to gamblers list cujo
[09:35] {cujo} thanx
[09:35] {Threei}  it it can hold 9 during this market dump
[09:36] {Threei}  I'd say it has much more in it on market bounce
[09:36] {Threei}  try to partial mags
[09:36] {Threei}  if it jumps again I mean
[09:36] {dino} watching mcd, wmt, & aapl for gap
[09:36] {Threei}  with any market strength I won't be surprized to see 10
[09:37] {Threei}  wow GERN
[09:38] {cujo} Vad, STT?
[09:38] {Threei}  need one more steep leg down
[09:38] {Threei}  18.50 at least
[09:38] {cujo} got it.  thanks
[09:39] {Threei}  volatile stock as it is, and we have very volatile opening
[09:39] {Threei}  so I am double-careful on it
[09:40] {Threei}  half out DRYS mags?
[09:40] {Threei}  jumped over .40 for 1:1
[09:40] {magoo} not yet
[09:40] {magoo} waiting .87
[09:40] {Threei}  aren't you a greedy one
[09:40] {magoo} i like the way its acting
[09:40] {Threei}  profits are to be cherished
[09:40] {Threei}  protected
[09:41] {Threei}  give it a room if you like it, but protect part
[09:41] {magoo} indeed
[09:41] {nemo} that's what I thought about women
[09:41] {Threei}  sigh
[09:41] {magoo} i lwas telling EL this morn
[09:43] {dino} mcd sm l .40
[09:43] {Threei}  I am out half .47
[09:43] {magoo} SSTSTT
[09:43] {magoo} STt
[09:43] {magoo} sigh
[09:43] {magoo} STT
[09:44] {Threei}  jumped from exactly 18.50
[09:44] {Threei}  well... 18.46
[09:46] {Threei}  from under 18 this time
[09:46] {magoo} u make call
[09:46] {magoo} UGLY
[09:46] {Threei}  market sharp red bar
[09:47] {Threei}  but overall STT is ready
[09:47] {Threei}  one more setback, shallow one this time,
[09:47] {Threei}  then break of 18
[09:47] {Threei}  ideal scenario
[09:48] {Threei} Long Setup:  STT  half lot 18 break if stays above 17.80
[09:48] {magoo} in
[09:48] {Threei}  keep your stop as if your life depended on it
[09:48] {Threei}  this one is not to toy with
[09:49] {Threei}  if fails you can find yourself being a dollar or two down in no time
[09:50] {Threei}  stop on DRYS is trailed for the balance, right?
[09:50] {magoo} yup
[09:50] {Threei}  good
[09:50] {magoo} waiting .87 drys
[09:51] {magoo} .63 stt
[09:51] {hawkfan4} waiting .86
[09:51] {Threei}  lol
[09:51] {hawkfan4} kidding
[09:51] {Threei}  OK STT... it's time
[09:51] {dptl} waiting 19
[09:51] {Threei}  move you lazy butt
[09:51] {Threei}  over 1:1
[09:51] {Threei}  half out .23
[09:52] {Threei}  scalpers are scalpers, they took their profit and laugh at us
[09:52] {Threei}  umm... now we laugh at them
[09:52] {Threei}  I am out in full
[09:52] {Threei}  1:2
[09:52] {cujo} out .25
[09:53] {tomg} thanks vad stt
[09:53] {dptl} half .40
[09:53] {Threei}  .25?
[09:53] {Threei}  oh, sorry, confusing my stocks
[09:53] {Threei}  welcome guys
[09:53] {cujo} no worries
[09:53] {cujo} great call
[09:53] {Threei}  morning panic proves to be quite profitable event for us
[09:53] {magoo} out STT .69 TY 
[09:53] {magoo} +.69
[09:54] {hawkfan4} 1/2 out .63
[09:54] {Threei}  OK, I need to mark this day in calendar... I made magoo happy
[09:54] {magoo} yesterday u did{remember all compliments+beauty}
[09:54] {nemo} it's early yet...
[09:54] {Threei}  I thought you were just hitting on me
[09:55] {dino} lol
[09:55] {dptl} out 19 +1.00 ty
[09:55] {dino} tough task you have vad
[09:55] {Threei}  sheesh dp
[09:55] {magoo} nah..i like women
[09:55] {dino} wow dp
[09:55] {Threei}  I so do dino...
[09:55] {hawkfan4} out .98 rest, beauty(call)
[09:55] {dino} gj
[09:55] {dptl} [06:51] {&Threei}  OK STT... it's time
[09:55] {dptl} [06:51] {dptl} waiting 19
06[09:55] * Threei slaps dptl around a bit with a large reminder to be humble and not to take all the money there is in the market
[09:55] {magoo} kickin DRYS
06[09:56] * Threei slaps hawkfan4 around a bit with a large the same reminder
[09:56] {larisa} CNBC hype CSIQ
[09:56] {Threei}  huge jump
[09:57] {dino} don't listen to him guys, make hay when the sun shines
[09:57] {Threei}  very true
[09:58] {Threei}  don't listen to me, just let me know when you all don't anymore
[09:58] {Threei}  so I retire :)
[09:58] {Threei}  DRYS, needs to break .60
[09:58] {hawkfan4} 1/2 out drys .51
[09:58] {Threei}  that will take us into 1:2 territory
[09:59] {Threei}  and clear path for more
[09:59] {magoo} STT reload area?
[09:59] {Threei}  so make up your mind, to take it off or let it trade and try for something closer to 10
[09:59] {Threei}  on clear bottoming signal mags, yes
[09:59] {Threei}  like recross .50
[09:59] {Threei}  after little consolidation
[10:00] {Threei}  so far suppoert is .30
[10:00] {magoo} missed that
[10:00] {Threei}  1:1 in a hurry
[10:00] {Threei}  no chasing
[10:01] {Threei}  let it come to you
[10:01] {Threei}  we made a nice profits yesterday by fdoing just that,
[10:01] {Threei}  same thing with today's morning trades
[10:01] {Threei}  you buy breakouts in a bull market
[10:01] {Threei}  in what we have now you wait for the market to come to you
[10:02] {Threei}  good boy DRYS... now go
[10:03] {Threei}  - Notes another leg of stool is 'waste and accountability'
[10:03] {Threei}  and third leg?
[10:03] {nemo} sawed off
[10:08] {magoo} he he nemo
[10:09] {nemo} or, do they turn it upside down for you...
[10:10] {hawkfan4} out drys .56
[10:11] {Threei}  just tired of it hawk?
[10:11] {Threei}  'cause exit is kind of
[10:11] {Threei}  not here not there :)
[10:11] {Threei}  I mean, if you trail stop, it shpould be under .40 now
[10:11] {hawkfan4} yeah, thing gets me too many times, wanted to lock it in
[10:11] {Threei}  if you wanted to take 1:2, spike over .60 was the time to do it
[10:12] {Threei}  OK
[10:12] {hawkfan4} yep
[10:12] {Threei}  that's valid reason too
[10:13] {hawkfan4} +2800 in 40 minutes, wanted to step back and regroup, sold everything
06[10:13] * Threei slaps hawkfan4 around a bit with a large roll of cash
[10:13] {nemo} not a bad morning so far...
[10:13] {Threei}  what are you talking about nemo... hawk is horribly underperforming this morning
06[10:14] * Threei is hiding under rock
[10:14] {nemo} Well hit him with something else then...such performance can't go unpunished
[10:14] {hawkfan4} :) lol
[10:14] {Threei}  grrr
[10:14] {Threei}  GERN over 7
[10:14] {Threei}  when will I learn to hold
[10:15] {nemo} when you want to start taking more losses?
[10:15] {Threei}  lol
[10:15] {nemo} so...does that mean you have to punish yourself?
[10:17] {Threei}  I am not going there
[10:17] {nemo} self flagellation is in order
[10:17] {Threei}  this line of discussions too often turns umm... non-family-friendly
[10:18] {nemo} I'll send you a cat-o-nine-tails and a salice
[10:19] {magoo} RIMM over 52
[10:19] {magoo} as in to go over
[10:19] {magoo} in .55
[10:20] {cujo} MSFT short .44
[10:23] {magoo} out 04 TY vad
[10:23] {magoo} +.60
[10:23] {Threei}  on what?
[10:24] {magoo} or .59
[10:24] {magoo} RIMM
[10:24] {Threei}  hmmm
[10:24] {magoo} [10:19] {magoo} RIMM over 52
[10:24] {magoo} [10:19] {magoo} as in to go over
[10:24] {magoo} [10:19] {magoo} in .55
[10:24] {Threei}  why thank me... I haven't called it
[10:24] {magoo} auto ty button
[10:24] {Threei}  lol
[10:25] {nemo} must be nice twin today
[10:25] {Threei}  elepet... you booked your GERN yet?
06[10:26] * magoo slaps nemo around a bit with a large book on how un nice i can be
[10:26] {Threei}  STEM... never though this dog had any bark left
[10:26] {nemo} you mean leaflet?
[10:26] {nemo} I'm really at a disadvantage here
06[10:27] * magoo slaps nemo around a bit with a large grinn knowing nemo has no ways -n- means of retaliation
[10:27] {Threei}  that book is like Marx's Capital nemo... 4 rather thick volumes
[10:27] {nemo} Yeah, every page says, "All work and no beer makes mags a dull boy!"
[10:27] {magoo} any interest in STT vad
[10:28] {magoo} dont have to worry avbout that nimo
[10:28] {Threei}  well, .50 break is obvious setup... I just would like tighter consolidation so we could have smaller stop
[10:30] {magoo} vad..its inVestor,..not inWestror he he 
[10:31] {Threei}  hmm?
[10:31] {nemo} hit 'em!
[10:33] {cujo} out +.10 MSFT
[10:33] {larisa} for russian ear there is no real difference between french, asian and woman's {investor} :) 
[10:34] {Threei}  what are you all talking about?
[10:34] {nemo} larisa must have been having a "private" conversation...I'm interested, though.
[10:35] {larisa} you need watch TV more :) funny advertisement
[10:35] {Threei}  I am lost starting with
[10:35] {Threei}  [10:30] {magoo} vad..its inVestor,..not inWestror he he
[10:35] {tomg} thanks, vad, was a good week. see yall monday
[10:35] {dino}  it is a good commercial
[10:35] {nemo} Too much TV rotted my brain
[10:35] {Threei}  take care tom, congratulations and have a great weekend
[10:35] {cujo} see ya tom
[10:37] {dptl} .
[10:39] {Threei}  - Reminder: Last night a chinese official rejected FX manipulation claims from Treasury Sec Nominee Geithner that Obama believed China was manipulating its currency, arguing that the US was trying to manipulate China's currency
[10:40] {Threei}  I am lost
[10:40] {nemo} Isn't pegging manipulation?  What's the big deal?
[10:44] {hawkfan4} GERN holy smokes
[10:45] {fernp} Hello traders
[10:45] {fernp} Interesting morning?
[10:46] {larisa} for crazy part of the room : yes :)
[10:46] {nemo} cute
[10:47] {dino} mcd out .90, +.50
[10:47] {magoo} dinoooooooooo:)
[10:47] {dino} slowwwww
[10:47] {hawkfan4} nice
[10:47] {dino} ty
[10:48] {Threei}  fern :)
[10:48] {Threei}  beautiful morning.. too bad you missed
[10:49] {fernp} yes. sorry, I've been working
[10:52] {nemo} It's a 10 year spending plan.  Stimulus my a$$.
[10:54] {elepet} gern oh my . and i never sold
[10:54] {Threei}  you better start
[10:54] {elepet} gern. and i never sold.
[10:54] {hawkfan4} mama mia, nice
[10:54] {cujo} nice call el. 
[10:54] {cujo} i'm all doom and gloom
[10:54] {cujo} don't listen to me ;)
[10:54] {elepet} i cant. fingers frosen
[10:56] {hawkfan4} even i would sell at least half here
[10:57] {Threei}  elepet... profits are to be taken
[10:57] {Threei}  what is it you want to wait for?
[10:57] {Threei}  15? 20?
[10:57] {wishbone} vad please forward text from [10:47:37] {hawkfan4} nice, having connection issues
[10:58] {dino} "gut" call, close green
[10:58] {larisa} how green ? 
[10:59] {Threei}  I don't see it wish
[10:59] {dino} 100, 15, 20
[10:59] {larisa} nice :)
[10:59] {wishbone} ok ty...not sure when conection  is lost is all
[10:59] {dino} not fact larisa
[10:59] {larisa} lol
[11:00] {Threei}  GERN is pullback- ready
[11:00] {cujo} what do you see as an entry on GERN?
[11:01] {Threei}  7.50 - 7.60 zone
[11:01] {dino} dia sm l .70
[11:05] {Threei}  with all the morning hoopla on DRYS and STT and GERN, forgot to check up on my yesterday's candidate for mojo return... UAUA
[11:09] {Threei}  - Package may also include provisions to make unemployment benefits tax free
[11:09] {dino} ndx and comp going green
[11:09] {dino} darn aapl, wanted 83 area gap
[11:11] {cujo} do you see some consolidation in RIMM Vad?
[11:12] {Threei}  I am not delighted by it cujo
[11:12] {cujo} ok
[11:12] {Threei}  it will go up if market does... but overall, it's a bit weaker than broad market
[11:13] {Threei}  look how close NASDAQ is to its high
[11:13] {Threei}  and how RIMM is solidly below its
[11:13] {cujo} yeah
[11:13] {dino} comp green, ndx flat
[11:14] {dptl} abx?]
[11:15] {Threei}  probably worth a try... hard to tell really
[11:15] {Threei}  doesn't spike with market this time
[11:17] {magoo} DRYS dead vad?
[11:17] {Threei}  not dead exactly but not worth the risk in my eyes
[11:18] {dino} dia hard stop to .40
[11:18] {Threei}  CNN talking about stem cells
[11:19] {dino} eqix strong
[11:19] {Threei}  GERN went through some consolidation
[11:19] {Threei}  looks like 8.05 long if stays above 7.90
[11:19] {dino} stopped dia .40, +.70
[11:20] {dino} too tight
[11:20] {Threei}  GERN CEO on
[11:21] {magoo} in GERN
[11:22] {Onix} such a beautiful rally with nothing to trade
[11:22] {Threei}  CEO sounds a bit questionable
[11:23] {Threei}  nothing to trade?
[11:23] {magoo} out
[11:23] {Threei}  yeah
[11:23] {Threei}  he starred talking about "not being a miracle" etc
[11:24] {Threei}  who needs to hear that
[11:24] {fernp} out here too
[11:24] {dino} he has feb puts on it
[11:24] {dino} getting killed
[11:24] {Threei}  lol
[11:24] {Threei}  explain to me your expectations guys... 'cause I am lost
[11:25] {Threei}  you want to make money or you want to trade all the time?
[11:25] {Threei}  if former, that's what we are doing here, I thought
[11:25] {Threei}  if former, I can call new trade every 3 minutes, and you will have something to trade all the time
[11:26] {Threei}  but forget about being profitable then
[11:26] {nemo} STT pullback
[11:26] {hawkfan4} completely agree, my pnl is so much better when my commisions are lower
[11:29] {dino} why the explain lecture?
[11:29] {nemo} Repetition is the mother of all teaching
[11:29] {Threei}  it's just that comments like "such a beautiful rally with nothing to trade" confuse me
[11:30] {Threei}  either I don't manage expectations right
[11:30] {Threei}  or don;'t fulfill what I promise
[11:31] {dino} ok, missed that
[11:31] {dino} i only did 2 trades so far 2 for 2
[11:31] {dino} "chuck" most likely wondering why commissions are dropping
[11:32] {hawkfan4} just do what u do, it works.  everyone can find their own setups if they want to trade more
[11:32] {Threei}  where was Needham when it was at 4?
[11:33] {Threei}  aren't these guiys supposed to do a research,
[11:33] {Threei}  go to the company, find out about upcoming develoments
[11:33] {Threei}  build their ideas based on information they analyse
[11:34] {Threei}  instead of issuing their upgrades and downgrades after the fact and after the price move
06[11:36] * Threei slaps KSystems around a bit with a large roll of cash
[11:36] {KSystems} Hey :)
[11:36] {KSystems} that was fast
[11:36] {cujo} Hey K
[11:36] {nemo} Wie gehts Jung!
[11:36] {cujo} how are things?
[11:36] {Threei}  scalper's reflexes, you know
[11:37] {KSystems} did i miss much?
[11:37] {larisa} Vad, i need  new clothes for my vacation, so call someFing... safe, profitable,  5$ mover, no pullbacks
[11:37] {larisa} morning KS :)
[11:37] {KSystems} larisa!
[11:38] {Threei}  yes KS
[11:38] {Threei}  sorry to say
[11:39] {Threei}  DRYS approaches that 10
[11:39] {KSystems} any open calls?
[11:39] {Threei}  no
[11:46] {hawkfan4} back in gern .04
[11:46] {Threei}  STT pullback for bounce scalp
[11:47] {Threei}  wait for market strength
[11:49] {Threei}  STT .90 break if holding .80
[11:50] {Threei}  half lot, this kind of trades may require multile tries
[11:51] {KSystems} in
[11:51] {Threei}  over 1:1
[11:51] {Threei}  nice and easy
[11:52] {fernp} was easy. TY
[11:52] {Threei}  :)
[11:52] {jmb} thanks
[11:53] {KSystems} thanks!
[11:53] {cujo} thanks Vad
[11:53] {Threei}  sure thing
[11:53] {Threei}  lunch tyime scalpingh
[11:53] {cujo} + .13
[11:53] {Threei}  sorry larisa, it's not $5
[11:53] {Threei}  won't help with full wardrobe
[11:54] {larisa} bikini may be :)
[11:54] {Threei}  but, let's update it one thing after another
[11:54] {Threei}  right
[11:54] {larisa} k
[11:54] {Threei}  that was one piece
[11:57] {Threei}  wish, look dcc pls
[12:02] {Threei}  wishbone?
[12:03] {wishbone} yes
[12:03] {Threei}  look dcc please :)
[12:03] {Threei}  STT did same thing again... .50 - .60
[12:03] {wishbone} this mirc isn't workin quite same as old one....having technical difficulties.
[12:04] {Threei}  just doubleclick on my nick
[12:04] {Threei}  it's the same
[12:06] {Threei}  let's di a quick educational piece guys
[12:06] {cujo} y please
[12:06] {Threei}  so you know how to structure this kind of play in case I am distracted, fell asleep, got drunk, got hit by the bus etc
[12:07] {dino}   hmmm
[12:07] {Threei}  we took STT with structure .80 - .90 last time around,
[12:07] {Threei}  then it dropped into .50
[12:07] {Threei}  formed .50 - .60 setup.
[12:08] {Threei}  Why there was no setup at .60 - .70?
[12:08] {Threei}  or .70 - .80?
[12:08] {Threei}  as soon as you answer this for yourself, you know how this kind of ounces is played
[12:09] {cujo} no past support at those levels?
[12:09] {Threei}  one thing, yes
[12:09] {Threei}  another is,
[12:09] {nemo} no resistance or drop in volume?
[12:09] {nemo} support
[12:09] {Threei}  it never formed any kinf of range between those levels
[12:09] {fernp} no consolidation
[12:09] {dptl} no consolidation
[12:09] {Threei}  it was simply ticking through them
[12:09] {Threei}  fern and dp get the door prize, to be determined yet
[12:10] {Threei}  look what it did when it hit .50
[12:10] {Threei}  a few oscillations back and forth
[12:10] {Threei}  forming resistance,
[12:10] {Threei}  then breaking it
[12:10] {Threei}  That gives you setup structure:
[12:10] {Threei}  trigger (broken resistance)
[12:11] {Threei}  and stop (support level)
[12:11] {Threei}  Sometimes we get so lucky that additional factors come in play
[12:11] {Threei}  one is our standard:
[12:11] {Threei}  market directional support
[12:12] {Threei}  look at NASDAQ at the moment, you'll see it starting to uptick
[12:12] {Threei}  anotger is rare luck
[12:12] {Threei}  but when we get it, effect is multiplied:
[12:12] {Threei}  big offer right at the resistance level
[12:12] {Threei}  we had this kind yesterday,
[12:12] {Threei}  I think on DRYS
[12:13] {Threei}  if such offer gets eaten AND resistance broken AND market helps...
[12:13] {Threei}  you got your play
[12:14] {Onix} thank you for your trouble Vad, really appreciate it:)
06[12:14] * Threei shuts up and falls asleep
[12:14] {Threei}  always, onix
[12:14] {fernp} thanks for sharing your knowledge
[12:14] {cujo} was very educational.  
[12:14] {Threei}  what knowledge... I just invenetd this stuff
[12:14] {Onix} :D
[12:14] {Threei}  :)
[12:15] {fernp} lol
[12:16] {larisa} same setup on HIG this morning, PSE was selling at 13 all you want, not moving. Once it broke, vertical up. 
[12:17] {larisa} wrong window
[12:17] {larisa} sorry :)
[12:17] {dptl} so...stt now consolidates...right?
[12:17] {Threei}  hmmm... who did you intend to inform about that larisa?? :)
[12:18] {Threei}  yes dp, but this is diferent kind of play
[12:18] {larisa} notes for myself, learning your setups :)
[12:18] {dptl} thats where i get confused
[12:18] {Threei}  let me disperse the clouds then
[12:19] {dptl} ok :) pls
[12:19] {Threei}  the play we discussed was a strcture for the bounce
[12:19] {Threei}  kind of mini-bottom fishing
[12:19] {Threei}  what we have now in STT is more like mini JBE
[12:20] {Threei}  we have upward movement
[12:20] {Threei}  then consolidation range to break
[12:20] {Threei}  see the difference?
[12:21] {dptl} yes,so it's still legit set up?
[12:21] {Threei}  sure
[12:21] {dptl} got it :)
[12:21] {Threei}  it's just done in different type of market movement and with different expectations
[12:21] {Threei}  bounce scalp is bounce scalp
[12:22] {Threei}  breakouts tend to take a stock into new territory when happen at the day high
[12:22] {Threei}  not the case right now with STT,
[12:22] {Threei}  but overall, if on bounce scalp I tend to take scalp and be happy,
[12:22] {Threei}  especially in lunch time and especially when it's clear countertrend trading
[12:23] {cujo} what if it is an upward move and consolidates below the high of the previous move.  Is the peak of the chart the resistence of the move out of consolidation?
[12:23] {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?
[12:23] {larisa} lol cujo
[12:23] {Threei}  breakouts if done in according type of market often carry bigger potential
[12:23] {Threei}  btw, while I typed all this stuff,
[12:23] {Threei}  STT got stuck with big seller at 19
[12:23] {nemo} Is DRYS setting up for breakout?
[12:23] {Threei}  I took break, put sell ay 19.15
[12:24] {Threei}  continued typing and was taken out
[12:24] {Threei}  multitasking at its best...
[12:24] {Threei}  ok, back to questions:
[12:24] {dptl} so,it has more odds to be good if happens at the days high? jbe
[12:24] {Threei}  cujo, generally yes,
[12:24] {magoo} ok..what the hell u talking about 
[12:25] {Threei}  just pay attention to the chart formations and type of the move
[12:25] {Threei}  what I mean by that is:
[12:25] {Threei}  magoo, give me a minute, I'll slap you when answered all the questions
[12:25] {magoo} ok
[12:25] {Threei}  no, wait
06[12:25] * Threei slaps magoo around a bit with a large trout
[12:25] {Threei}  ok
[12:25] {magoo} lol
[12:25] {Threei}  by chart formations I mean things like
[12:26] {Threei}  is it C&H? is it JBE? is it double top? is it third test of the high?
[12:26] {Threei}  out of let's say second test and third, which one has better chance to break?
[12:27] {Threei}  that was actual question, not rhetoric
[12:27] {dptl} 4th
[12:27] {Threei}  while you are thinking
06[12:27] * Threei slaps magoo around a bit with a large trout
[12:27] {magoo} 3rd
[12:27] {Threei}  right
[12:27] {Threei}  and by the type of movement I mean:
[12:27] {Threei}  how did stock come into resistance?
[12:27] {Threei}  slowly climbed into it or spiked sharply?
[12:28] {dptl} slowly better
[12:28] {Threei}  in former case I like my breakout, especially with extra bacon, thank you
[12:28] {Threei}  sharp spike into resistance, nope,
[12:28] {Threei}  I want another pullback first,
[12:28] {Threei}  not going to buy euphoric spike
[12:28] {magoo} hey..i am eating bacon right now blt
[12:28] {magoo} no kid
[12:29] {Threei}  great.. magoo did it... no more q/a, I am hungry
[12:29] {Threei}  {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?
[12:29] {larisa} have an apple
[12:29] {Threei}  OK, this one is eaxctly why I called it "mini JBE"
[12:29] {Threei}  usual JBE is whole day chart
[12:30] {Threei}  have a look at HIG
[12:30] {Threei}  consolidation around 12.50, broken at 10:55 roughly
[12:30] {Threei}  is normal JBE
[12:31] {Threei}  that setup STT formed from 12:00 to 12:15 is mini JBE
[12:31] {Threei}  little piece of chart
[12:31] {cujo} sey guys, what is JBE?
[12:31] {Threei}  less reliable, having larger constraints on it
06[12:31] * Threei slaps cujo around a bit with a large book of Techniques of Tape Reading
[12:31] {nemo} Jump Base Explosion
[12:32] {magoo} ill sell u mine cujo
[12:32] {Threei}  and DBI is Drop - Base - Implosion
[12:32] {cujo} 10-4
[12:32] {magoo} photogeneric memory here
[12:33] {magoo} um,er pghotogymnastic memory
[12:33] {cujo} thanks magoo
[12:33] {Threei}  what else do we have
[12:33] {Threei}  {dptl} so,it has more odds to be good if happens at the days high? jbe
[12:33] {cujo} have it, just lent to friend
[12:33] {Threei}  generally, yes, in the right market
[12:33] {Threei}  mini JBE occuring somewhere in the middle of the chart has additiojnal resistance levels
[12:33] {Threei}  from this same day
[12:33] {magoo} if u lend it..u cutting out vad sale
[12:33] {Threei}  again, that mini JBE on STT
[12:34] {cujo} MU Vad, .40-.45 entry?
[12:34] {magoo} i keep pulling up JBE symbol and gets nothing vad
[12:34] {Threei}  apparently had a resistance around .20 - .25 from 11;40 roughly
[12:34] {Threei}  see it?
[12:35] {Threei}  and look where it topped at 12;23
[12:35] {magoo} and i cant find STT setup in your book
[12:35] {Threei}  finally:
[12:35] {magoo} its almostr like u have them backwards
[12:35] {Threei}  {magoo} ok..what the hell u talking about
06[12:35] * Threei slaps magoo around a bit with a large roll of cash
06[12:35] * Threei slaps magoo around a bit with a large scalping course
06[12:36] * Threei slaps magoo around a bit with a large daytrading course
06[12:36] * Threei slaps magoo around a bit with a large Master Profit Plan
06[12:36] * Threei slaps magoo around a bit with a large chart of uptrending market
[12:36] {wishbone} lol mags
06[12:36] * Threei slaps Threei around a bit with a large trout
06[12:36] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading
06[12:36] * Threei slaps magoo around a bit with a large everything your imagination could describe
[12:36] {Threei}  have I answered all questions now?
[12:36] {cujo} y
[12:37] {dptl} yep ty
[12:37] {Threei}  cool.. falling asleep
[12:37] {Threei}  magoo, pick yourself up from the floor...
[12:37] {wishbone} vad that was awesome....helps put peices together ty
[12:37] {Threei}  sure thing...
[12:37] {magoo} dino dailing 911 here..magoo knocked onconsciuos
[12:38] {nemo} he needs a brain to have a concussion
[12:38] {nemo} GERN vad?
[12:38] {Threei}  GERN is a toughie... it becomes an exhausted momo
[12:39] {Threei}  for normal technical stuff to start working on it, it needs serious pullback
[12:39] {nemo} triple top shows exhaustion?
[12:39] {Threei}  and elepet... what can I do to convince you to start taking at least partials on GERN
[12:40] {Threei}  triple top with last one lower than first two...
[12:40] {Threei}  volume configuration has changed
[12:40] {magoo} seriously here {as i pick myself up off floor}  GERN avail short tolaserheads
[12:40] {Threei}  not volume is increasing on drops, not on advances
[12:40] {Threei}  trying again:
[12:40] {Threei}  now volume is increasing on drops, not on advances
[12:41] {Threei}  hype was already practically everywhere
[12:41] {Threei}  news wires, CNBC, even CNN
[12:41] {Threei}  and stock is not advancing anymore
[12:41] {Threei}  tells you something?
[12:41] {Threei}  add its history:
[12:41] {Threei}  GEREN is serial disappointer,
[12:41] {Threei}  it moves nicely but rarely sustainable
[12:42] {Threei}  look at the news itself:
[12:42] {Threei}  it's just first phase trial approaval
[12:42] {Threei}  how long till it becomes something of subtance, if at all?
[12:42] {Threei}  will funding flow or will some group in Senate block it again?
[12:43] {Threei}  it's stem cells, controversy is abundant
[12:43] {Threei}  now... with all this, isn't it "take your profits" case?
[12:43] {Threei}  PALM
[12:43] {Threei}  - says also in discussions with Sprint
[12:45] {dptl} .80 short .90 stop stt?
[12:47] {dptl} or......90 long .80
[12:48] {Threei}  with market spiking... :)
[12:49] {Threei}  if you don't have clear indication from maret at the moment, there is just no readable play
[12:50] {Threei}  don't fall into trap thinking that any and every move can be read
[12:50] {Threei}  this is frequently made mistake
[12:50] {Threei}  when someone tells you:
[12:50] {Threei}  if you are so smart, tell me what XYZ is going to do next
[12:51] {Threei}  you know you are talking to someone who has no clue
[12:51] {Threei}  trading is not about reading everything all the time,
[12:51] {Threei}  trading is about waiting for the market for form something you can read
[12:52] {dptl} i see :)
[12:54] {dino} if i may; good trading is not about being right, it's about trading right
[12:55] {Threei}  yes dino, but this is answer to different question
[12:55] {Threei}  and you leave me with no powder if that one comes up :)
[12:55] {dino} oh, uh sorry boss
[12:55] {wishbone} dino...can i clone u? so you're clone can sit beside me and help me learn:)
[12:55] {wishbone} i promise to feed him, give him a home....
[12:56] {Threei}  lol
[12:56] {dino} lol, could get expensive, i drink alot
[12:57] {wishbone} that's ok me too...besides totally worth investment
[12:58] {wishbone} except....will he smell funny?
[12:58] {wishbone} and will he be polite?
[12:58] {wishbone} lol
[12:58] {dino} hmmmmmmmmmmm, wondering what magoo has been saying behind my back
[13:02] {Threei}  LOL DRYS
[13:02] {Threei}  I said 10... who knew it had 11 in it too
[13:02] {magoo} i did
[13:03] {Threei}  STT forming minirange
[13:03] {Threei}  if market spikes, .20 break long trigger for a scalp
[13:04] {dptl} in .22
[13:04] {magoo} 21 in cards if IF market spikes 
[13:05] {magoo} dino cakked green finish
[13:06] {dptl} stop under .10
[13:06] {Threei}  well, in that range low was .15
[13:06] {Threei}  so formally, stop would have to be under that
[13:06] {dptl} ok 
[13:06] {Threei}  but feels way too tight
[13:07] {Threei}  in any case, it spiked into 1:1 almost immediately
[13:07] {Threei}  why not half out into sharp spike
[13:07] {magoo} mkt not committed up yet
[13:07] {magoo} careful here
[13:07] {dptl} missed that exit
[13:08] {Threei}  holding well while market is downticking
[13:08] {Threei}  fairly nice trade
[13:10] {Threei}  even if your original stop was under .10, after tagging 1:1 twice it's fair to trail it to under .15
[13:10] {dptl} ok
[13:11] {Threei}  and it starts looking like more than scalp if market helps
[13:11] {Threei}  this market bounce should take it over .30
[13:11] {dptl} thinking the same
[13:11] {Threei}  here it comes
[13:12] {Threei}  half out .34
06[13:12] * Threei yawns... making money becomes too easy and boring
06[13:12] * Threei misses a good fight
[13:12] {Threei}  1;2
[13:13] {magoo} missed that onee'
[13:13] {Threei}  must be my fault mags
[13:13] {Threei}  you are still dizzy from all that slapping
[13:13] {magoo} reading real money..missed making "real money" ironic
[13:13] {dptl} out .47 ty
[13:14] {Threei}  welcome sir
[13:14] {dino} cedc sm l .50
[13:14] {Threei}  isn't it perfect... we discussed all that theory,
[13:14] {Threei}  and trade structured just like texbook example came about in the next 30 in
[13:15] {dptl} :)
[13:15] {KSystems} Thanks Vad!!
[13:16] {Threei}  :)
[13:20] {dptl} ah..was thinking to get on pull back at .40 with .30 stop and missed it
[13:21] {dptl} that stt was good to us last couple of days
[13:22] {Threei}  always happens
[13:22] {Threei}  one momo runs out of gas, another is right around the corner
[13:22] {Threei}  used to be UAUA
[13:22] {Threei}  then DRYS came about
[13:22] {Threei}  the STT
[13:22] {Threei}  PLD
[13:22] {Threei}  HIG
[13:22] {Threei}  LVS
[13:23] {Threei}  familiar symbols? :)
[13:23] {dptl} ye...hated uaua though.....i am also watching plc last two days
[13:24] {dptl} pnc...sorry
[13:24] {Threei}  that's OK, magoo hated both UAUA and DRYS
[13:24] {Threei}  but as they say... if you hate squirrels, you just don't cook them right {G}
[13:25] {dptl} :) i know that one
[13:25] {wishbone} squirrels are rats with fur!
[13:25] {wishbone} imo
[13:26] {dino} [10:59] {dino} 100, 15, 20
[13:26] {dino} theres the ndx 15
[13:28] {Threei}  powerful move SLW today
[13:28] {nemo} slw auy tck
[13:29] {dptl} abx gg also
[13:29] {Threei}  not really wonder with metals and PMs being strong today
[13:38] {dino} out nat .47, +.47
[13:42] {Threei}  I say:
[13:42] {Threei}  if they don't do ahything at all,
[13:42] {Threei}  and leave the economy well alone
[13:43] {Threei}  positive impact wil be felt in the first 18 months
[13:43] {Threei}  get out of the way, stop fixing it, and it will fix itself
[13:43] {Threei}  painfully but fast
[13:43] {Threei}  their way is painful and slow
[13:45] {cujo} ANy read on STT VAD?
[13:46] {dino} i am w/you vad, let the markets work it out. the strong survive, the rest go away
[13:47] {dino} they have messed w/the fundamentals of capitalism
[13:48] {Threei}  and long term consequences of that will be much worse than any today's trobles
[13:48] {Threei}  well, STT...
[13:48] {Threei}  for a breakout, I'd like to see consolidation clower to 20
[13:49] {cujo} no short set up?
[13:49] {Threei}  if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter
[13:49] {Threei}  maybe... I just hate shorting uptrending market
[13:50] {ese} well my goodness......i can get in this way from bout that .....
[13:51] {Threei}  kewl
[13:51] {ese} ami i in?
[13:51] {Threei}  yes sir
[13:51] {Threei}  STT won't even drop with market
[13:51] {cujo} yeah
[13:51] {cujo} weird
[13:51] {Threei}  no way I'd short this thing
[13:52] {ese} couldn't do this via the old board
[13:52] {Threei}  old board was meaner
[13:52] {Threei}  this one is tree-hugging bleeding heart, soft as baby food
[13:53] {ese} definately......had to give another exam this morning....left abruptly this morning
[13:53] {ese} so whats a happenin
[13:53] {ese} interesing recovery looks like
[13:54] {Threei}  not much... made a lot of money, had a fish fight with magoo...
[13:54] {Threei}  another day in the office
[13:54] {ese} what did ya make money on?
[13:54] {Threei}  poker, bridge...
[13:54] {Threei}  oh, you mean in the market
[13:55] {ese} yes indede
[13:55] {Threei}  GERN, STT, DRYS... something else
[13:55] {cujo} yeah stt no likey short
[13:55] {magoo} i think im calling it a day
[13:55] {magoo} up good, got things to do
[13:55] {dptl} thinking the same 
[13:56] {Threei}  let's make it tradition... 30 min trading, making monety, going away
[13:56] {dino} thats no good, i usually don't start until 10:00
[13:56] {dino} i'll be here alone
[13:56] {magoo} well..i hate giving back on a friday..stew over it all weekend
[13:57] {Threei}  you need to stop living in rearwiev mirror mags {G}
[13:57] {cujo} market goes up STT drops...  hmmm
[13:58] {Threei}  stewing over something that is in the past already, can't be changed, can only demoralize tyou...
[13:58] {magoo} ty boss...see u all monay
[13:58] {Threei}  take care, have a good weekend
[13:59] {Threei}  cujo, just leave it alone for now
[13:59] {dino} dji +
[13:59] {cujo} yeah
[13:59] {Threei}  as we said earlier... not everything can be read
[13:59] {cujo} just perplexed at this point. 
[13:59] {cujo} not trying to trade it
[14:00] {Threei}  this one lost clean patterns for now
[14:00] {cujo} cigar is just a cigar
[14:00] {Threei}  (said Bill Clinton)
[14:00] {dino} [13:26] {dino} [10:59] {dino} 100, 15, 20
[14:00] {dino} [13:26] {dino} theres the ndx 15
[14:00] {larisa} nice :)
[14:00] {dino} we were -170 dji on the call lets see oif we get the +100
[14:01] {Threei}  quite amazing
[14:01] {Threei}  that morning gap down was a gift
[14:01] {Threei}  good thing we took it
[14:01] {dino} next week, mark-ups. will be watching for the 4 month pattern, rock-n-roll to 8900+
[14:02] {Threei}  looking at intraday,
[14:02] {ese} what news vad changed the market around  
[14:02] {Threei}  can you believe we were long DRYS at 9.20?
[14:02] {Threei}  no news ese
[14:03] {wishbone} vad dcc please thank you
[14:03] {dino} nothing es
[14:04] {hawkfan4} grr, remind me not to schedule appointments during the middle of the day!
[14:05] {Threei}  lol
[14:08] {dptl} how about now stt......   .90 - 20?
[14:10] {dptl} ok.....have a good weekend all...ty..and see ya monday
[14:10] {cujo} catch ya later DP
[14:10] {fernp} bye dp
[14:10] {Threei}  take care dp
[14:13] {dino} cya dp
[14:18] {nemo} Well, guess the floor is in on oil.  After yesterday's announcements and SLB talking bad earnings and poor outlook, the stock is up 10%
[14:18] {Threei}  GERN is coming into bounce zone
[14:18] {Threei}  one more sharp drop and I'll get interested
[14:19] {nemo} into support @ 7 or so
[14:19] {Threei}  alternatively, 7.10 break if not losing 7 anymore
[14:25] {cujo} in .14
[14:27] {Threei}  breifly hit over 1:1
[14:27] {Threei}  hard to tell if has more in it
[14:27] {KSystems} half out .20....yes
[14:28] {cujo} out .17
[14:28] {jmb} thanks
[14:30] {Threei}  6.60 zone I'd me more enthusiastic about it
[14:31] {Threei}  elepet... I really hope all my begging made you sell or partial
[14:32] {nemo} why 6.60?  start range?
[14:32] {Threei}  it stgruggled around that range before starting its run
[14:32] {Threei}  closest natural support
[14:33] {cujo} when covering accidentally went short an extra 100
[14:33] {cujo} ha ha ha
[14:33] {Threei}  thwere is some support around 6.80 but it doesn't feel like holding
[14:34] {Threei}  STT is coming into support too
[14:35] {cujo} on its way through looks like...
[14:35] {Threei}  most likely
[14:36] {Threei}  not rushing in, want to see more selling
[14:36] {cujo} y
[14:37] {elepet} buying GERN?
[14:37] {Threei}  nah, not safe enough here
[14:37] {Threei}  not very convincing bounces
[14:38] {Threei}  elepet... you sold any?
[14:39] {elepet} long ago.made $3000 very tense though.
[14:39] {Threei}  whew
[14:39] {Threei}  why tense
[14:39] {Threei}  be tense when you lose money
[14:39] {Threei}  not when you make it
[14:40] {elepet} totally focused all day. hard work. except i made and drank some wheat grass juice.hehehe
[14:40] {Threei}  better choice than vodka anyway...
[14:40] {cujo} you have a wheat grass machine in your house?
[14:40] {Threei}  even though dp would disagree with me
[14:40] {nemo} I would disagree
[14:40] {cujo} stt
[14:40] {Threei}  there... dp got a comprade
[14:41] {cujo} this enough selling for you?
[14:41] {Threei}  nope
[14:41] {cujo} ;)
[14:41] {Threei}  13:49] {Threei} if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter
[14:41] {cujo} ahh memories
[14:41] {elepet} now watching HIG. another 2 day hold over.finally green. yes i do have wheat grass juicer.
[14:41] {Threei}  both, market ad STT is mini downtrend now
[14:41] {Threei}  I need more convincing that this to go long
[14:42] {cujo} yup
[14:45] {elepet} GERN again? I kind of miss it.
[14:45] {elepet} we joined at the hip today.
[14:45] {Threei}  I don't have firm read on it here
[14:45] {nemo} yeah, bounced off that 6.80
[14:45] {Threei}  kind of flaky
[14:46] {elepet} I know.
[14:46] {elepet} but so am i
[14:46] {Threei}  you have this way of marrying the stock elepet...
[14:47] {cujo} ok, through .50....  where next...
[14:47] {elepet} this one i didn't just marry. I merged. not all of them though.
[14:47] {nemo} I wonder if it's "Friday afternoon-don't want to go into the weekend long" syndrome
[14:47] {cujo} divorce?
[14:47] {nemo} vulcan?
[14:47] {Threei}  don't know cujo.. I am not getting signal I would want to see
[14:48] {Threei}  so I write it off as "no read"
[14:49] {elepet} vulcan it is. not sure i know what you mean, but i think i get the idea.
[14:49] {nemo} melded with the stock
[14:49] {nemo} merged...sorry
[14:49] {Threei}  amalgamation
[14:50] {elepet} ah so.
[14:50] {nemo} nah...amalgamation is a mess
06[14:50] * Threei faints in awe of his vocabulary
[14:50] {Threei}  better STT
[14:50] {nemo} sesquepaedalian
[14:50] {Threei}  comeon, drop
[14:50] {cujo} drop it like its hot...
[14:51] {Threei}  sesquepaedalian reminds me of chronoclastic infundibula
[14:51] {nemo} I'll have to google that one
[14:52] {nemo} how about "omphalos skepsis"
[14:52] {Threei}  Kurt Vonnegut... Sirens of Titan
[14:52] {dino} hmmm, just like yesterday
[14:53] {nemo} well, Vad, you said that on November 29, 2007  not quite yesterdya, but close
[15:01] {nemo} look at GOOG today Vad?
[15:03] {Threei}  nope
[15:07] {Threei}  GERN on CNBC again
[15:08] {Threei}  irtching to short it
[15:12] {nemo} things just kinda' drifting
[15:12] {Threei}  yup, aimless wandering'
[15:12] {nemo} Feels like everybody pulled a magoo
[15:12] {Threei}  and those who didn't, pulled dp?
[15:13] {nemo} yeah, but I'd rather talk about Magoo when he's not here.  We had a saying.  Blame the guy who's not here, he can't speak up to defend himself.
[15:14] {dino} lol
[15:14] {fernp} very valuable info today in the room. Thank you very much Vad.
[15:14] {fernp} Have a nice weekend all. see you on monday.
[15:15] {Threei}  and we had a saying: before beating up on someone, you gotta try and walk inhis shoes. This way you get to do both, beat him up AND get his shoes
[15:15] {Threei}  great to hear fern
[15:15] {Threei}  take care and have a great weekend
[15:16] {patience} quite a remarkable day vad...made 7 separate gold scalps...think there is another 40 bucks to go in it but don't want to hold over the weekend...and 7 out of 7...won't push my luck
[15:16] {nemo} Yeah, I think the term translated is "walk on him"
[15:16] {Threei}  wow
[15:16] {Threei}  fantastic performance patience
[15:17] {patience} ty, it was a great momo day
[15:19] {nemo} Funny culture between Ukraine and Moscow somewhat similar
[15:19] {elepet} you can short it now. GERN) I'm out +.15. and of course it went up. a lot. but i want to turn off the computer.
[15:20] {Threei}  good practice selling your darlings elepet
[15:20] {Threei}  wtg, have a great weekend
[15:20] {elepet} i know. it strikes me as silly, but i guess it's the rule of this game
[15:23] {nemo} attachments create irrationality
[15:23] {Threei}  silly?
[15:23] {Threei}  taking profit?
[15:23] {Threei}  I'll need some serious explanation as to how it can be silly :)
[15:23] {nemo} some whackin' due here
[15:23] {nemo} hit him with Livermore's book
[15:27] {nemo} What in't you see on Gern that you were looking for Vad?
[15:28] {Threei}  just nothing convincing one way or another
[15:29] {nemo} I notice those last two radical drops weren't accompanied by any climactic selling.  Was that an issue
[15:29] {nemo} ?
[15:29] {Threei}  one of, yes
[15:29] {Threei}  want to see exhausting selling
[15:30] {nemo} which needs volume?
[15:30] {Threei}  or at least some change of pace
[15:30] {Threei}  instead it just drifts up aand down with not much of indication
[15:31] {Threei}  I am not junmping on whatever moves without clean setup
[15:31] {nemo} not stocks anyway
[15:31] {Threei}  ummm... it sounded better in my head
[15:31] {nemo} understood
[15:36] {dino} ok, gotta hop, kids want to go skiing. take care all, cutting cedc here
[15:36] {Threei}  take care dino, have a good one
[15:36] {larisa} bye dino :)
[15:36] {dino} :)
[15:37] {nemo} computers must be trading now
[15:38] {nemo} Peace & Quiet folks.  See you Monday, insha Alah
[15:39] {Threei}  take care nemo
[15:39] {cujo} have good weekend
[15:49] {Threei}  OK guys, let's call it a day... and a wekk
[15:49] {Threei}  very nice day and week at that
[15:49] {Threei}  thank you all
[15:49] {Threei}  have a great weekend
[15:49] {Threei}  see you all on Monday
[15:49] {larisa} you too :)
[15:49] {KSystems} you too :)
[15:49] {cujo} have a good one 
[15:49] {cujo} see you all monday
[15:49] {KSystems} a good relaxing one...