Thursday, November 5, 2009

Nov 05 2009

Nice and active day with a lot of successful plays and very few stops. Most of trades were on RIMM and HIG, RIMM being played both long and short

Session Time: Thu Nov 05 00:00:00 2009
[08:04] {magoo} mcmorning
[08:12] {Threei} US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:12] {Threei} - Expectations for initial claims are 522K v prior release of 530K (range seen from 510K to 535K)
[08:12] {Threei} - Continuing claims seen at 5.750M v prior 5.797M (range seen from 5.730M to 5.860M)
[08:13] {Threei} good morning
[08:13] {Threei} they seem to be set in expectations of losing half mil jobs every week
[08:14] {Threei} so much for "we will create or save"...
[08:25] {KSystems} he has the nobel prize
[08:25] {KSystems} dont critisize him
[08:25] {KSystems} or else.
[08:26] {Threei} I will soon too
[08:26] {Threei} I applied for it, referring to my intention to write the most significant book in history within next 5 years
[08:26] {Threei} and since those prizes are being given out for the intentions these days I fully expect to get it
[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 512K V 522KE; CONTINUING CLAIMS: 5.749M V 5.750ME
[08:30] {Threei} *(US) Q3 PRELIMINARY NONFARM PRODUCTIVITY: 9.5% V 6.5%E; UNIT LABOR COSTS: -5.2% V -4.2%E
[08:31] {Threei} this is so bizarre
[08:32] {nemo} you looking in the mirror 3i?
[08:32] {Threei} btw magoo... will you help me with spelling for that book?
[08:32] {Threei} look who woke up
[08:32] {nemo} look who just got in
[08:32] {nemo} I was sitting in a tree for a couple of hours
06[08:32] * Threei slaps nemo around a bit with a large mirror because both nemo and his, Threei's reflection are simply irritating
[08:33] {nemo} no...mine's disease-inducing
[08:37] {nemo} so much for the big crash, huh?
[08:38] {Threei} ?
[08:38] {nemo} yesterday had that nice drop after I left, now big bounce
[08:38] {Threei} who said we were going to open down?
[08:39] {Threei} trading day is ahead still, no?
[08:39] {nemo} the voices in my head
[08:39] {Threei} oh
[08:39] {cosmo} you too nemo?
[08:39] {strider} morning crazy people
[08:39] {nemo} pot calling kettle black?
[08:39] {Threei} {--- makes a point of not answering strider
[08:40] {strider} and good morning to Vad, also.
[08:40] {nemo} Bird man chime in yet Vad?
[08:41] {Threei} hi strider
[08:41] {nemo} [08:39] {&Threei} {--- makes a point of not answering strider
[08:41] {strider} :)
[08:42] {Threei} nemo... getting lost in my motives and their changes?
[08:43] {nemo} your whimsical vaccillations?
[08:43] {nemo} vacillations
[08:43] {Threei} oh well... I didn't think it was so hard to figure out but...
[08:47] {magoo} vad, u got a sec?
[08:47] {Threei} depends
[08:47] {magoo} my system puked and i lost everthing, so setting p new laser screen here
[08:47] {Threei} ouch
[08:47] {Threei} need my layout?
[08:47] {magoo} which level 1 u use? is it board view?
[08:48] {magoo} nah, getting there
[08:48] {Threei} I don't
[08:48] {Threei} boardview is a list of stocks with L1 quotes
[08:48] {magoo} so u only follow stox thru charts and lev 2?
[08:48] {Threei} right
[08:48] {strider} Do you maybe have it saved as remote layout, magoo?
[08:49] {magoo} i did, total system crash-a-roo
[08:49] {magoo} ok, vad..where i fuiind the hard stop window/blotter
[08:50] {Threei} OMS module for stops
[08:50] {Threei} under Modules
[08:50] {magoo} ah..ok ty
[08:50] {strider} I thought remote layout was saved on Laser server.
[08:50] {Threei} blotter is under View
[08:50] {Threei} yes... mags, when you are done remaking it, save it as remote as well as local
[08:50] {strider} ah..can't get to it.. I see. sorry .
[08:50] {Threei} strider is correct
[08:52] {magoo} oh,ok i only saved local
[08:53] {magoo} so vad, u watch alot of potential stox with no lev 1/ how many charts u got up?
[08:54] {Threei} why would I want to watch A LOT of potential stocks?
[08:54] {Threei} procedure:
[08:54] {Threei} scanner spits them,
[08:54] {Threei} I surf through them,
[08:55] {Threei} when something looks good for setup, it stays on one set of L2/charts/T&S,
[08:55] {Threei} I surf further via second set,
[08:55] {Threei} when something appeals to me, it stays on second
[08:55] {Threei} do I really want to watch more?
[08:55] {Threei} how many positions at the same time can one manage?
[08:57] {Les} "Don't interrupt your brain's work by thinking". hmmm this place will be harder than I thought.
[08:57] {Les} gm :)
[08:57] {Threei} lol
[08:57] {Threei} morning
[08:57] {Threei} how is it hard?
[08:57] {Threei} most people find it easy not to think
[08:58] {Threei} couple more beers and they are there
[08:58] {magoo} how many lev 2 u got up
[08:59] {Threei} 2
[09:00] {dptl} morning
[09:00] {Threei} dp :)
[09:00] {fernp} Good morning everybody
[09:00] {Threei} fern :)
[09:01] {magoo} how many open positions u do vad
[09:02] {Threei} depends on how fast stocks are
[09:02] {magoo} vad, charts setup here
[09:02] {Threei} I can manage two relatively fast ones at the same time, with one or two more slow ones sitting on a background,
[09:03] {Threei} if we are talking about hystreically fast, just one
[09:04] {Threei} what about chart? I have Volume and BB, price is in Candliesticks
[09:04] {Threei} bar width 2
[09:05] {magoo} candle width? 50 and 200 mioving
[09:05] {Threei} only 20 moving on intraday
[09:05] {Threei} 20 and 50 on daily
[09:06] {Threei} bar width 9 on daily
[09:06] {magoo} i minute right
[09:06] {Threei} on intraday yes
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:11] {Les} afternoon dino
[09:12] {lasertrev} morning
[09:13] {Threei} trev :)
[09:14] {dino} :)
[09:15] {larisa} gm :)
[09:16] {Threei} larisa :)
[09:16] {bkhmd} gm all
[09:16] {Threei} bk, welcome back
[09:16] {bkhmd} ty
[09:16] {Threei} people need to srtop taking vacations
[09:17] {bkhmd} i wished it was vacation
[09:17] {bkhmd} lol
[09:17] {Threei} don't ruin it for me
[09:17] {Threei} I was going somewhere with this
[09:17] {bkhmd} continue
[09:17] {bkhmd} lol
[09:17] {Threei} make a few reproachful remarks about someone's vacations,
[09:18] {Threei} preparing ground for mine :)
[09:18] {bkhmd} not allowed
[09:18] {Les} no vacation for you vad
[09:18] {Threei} see?
[09:18] {larisa} I am taking one next week, so go ahead
[09:18] {Threei} thank you!
[09:18] {bkhmd} wasnt larisa just on vacation?
[09:18] {Threei} you are my only beam of light in the kingdom of darkness
[09:19] {nemo} it's your frickin' kingdom!
[09:19] {larisa} I wish i was bk :)
[09:19] {Threei} but it's dark
[09:19] {Threei} andf hey, don't ruin it for me
[09:19] {bkhmd} ooops fat fingers
[09:19] {Threei} I just found a good solid reason to make a compiment to larisa
[09:19] {ese} well my goodness......i'm hooked in from cloudy downtown kelowna BC
[09:19] {bkhmd} now i cant give vad rude comments on his typing
[09:19] {Threei} ese :)
[09:20] {ese} hey vad....
[09:20] {bkhmd} ese
[09:20] {Threei} that's not a vacation bk, that's hard work
[09:20] {bkhmd} yea sure it is
[09:20] {Threei} speaking for two days in a row
[09:20] {ese} I WISH Larisa......were doing that Stevie Wonder tune
[09:20] {bkhmd} its your story
[09:20] {ese} BK
[09:20] {Threei} yes, and I am sticking to it
[09:21] {bkhmd} I have wanted to tell vad to take off the gloves for the longest time then i hit the caps lock ruined my future dig
[09:22] {Threei} see? there is a reson why god doesnt give horns to aggressive cows
[09:22] {bkhmd} lol
[09:22] {cosmo} i thot he does
[09:23] {cosmo} oh wait... wrong species
[09:23] {Threei} not very good translation of russian sayiong... vbut the best I can do on the fly
[09:23] {bkhmd} btw i read the post from room last few days ... congrats and good calls vad
[09:23] {bkhmd} sorry i missed them
[09:23] {Threei} ty
[09:23] {bkhmd} keep the good calls coming today
[09:24] {Threei} no pressure eh?
[09:24] {bkhmd} hahaha
[09:24] {bkhmd} scared money here
[09:24] {bkhmd} lol
[09:24] {Threei} two things I want to try and catch morning pullbacks on:
[09:24] {Threei} HIG and RIMM
[09:26] {strider} With analysts saying that its share price had fallen too far, Research In Motion Ltd. /quotes/comstock/15*!rimm/quotes/nls/rimm (RIMM 59.22, +1.61, +2.80%) announced Thursday it would repurchase $1.2 billion of its stock.
[09:26] {Threei} yeah
[09:26] {Threei} I don't put much weight into buyback itself
[09:27] {Threei} most of them never happen
[09:27] {Threei} other than create nice soundbite
[09:27] {Les} wow hardened cynic you are vad
[09:28] {Threei} why? it's just a fact
[09:28] {Threei} 80-90% of announced buyback never come to fruition
[09:28] {dino} agree 3i, most never get completed. and usually the ones that do are completed at highs, not lows. they usually issue at lows
[09:29] {Threei} there you go
[09:29] {nemo} why is it realists are called cynics?
[09:29] {dino} plus, w/rimm, i feel the risk is the 48 gap coming into exp
[09:29] {Threei} RIMM gets initial pop out of it but mostly will simply move wit market
[09:29] {Les} so no thinking. cynicism is realism (wait, I'm just writing all these down):)
[09:30] {Threei} and no drinking hard liqor before 10 ama
[09:30] {Les} lol
[09:30] {Threei} now your mantras for the day are complete
[09:30] {bkhmd} nice gap
[09:30] {Les} oops my bad.
[09:30] {strider} here we go
[09:30] {ese} man this is bad news with rimm back at 59
[09:31] {ese} well.....i won't give up hope for 50
[09:31] {Threei} need deeper pullbacks on both
[09:31] {nemo} aig ballistic
[09:31] {Threei} initially thought of RIMM under 59 but happened too fast
[09:33] {Threei} I know it's really early but... guess who is onTV
[09:33] {nemo} Selma Hyek
[09:33] {Threei} OK, here comes HIG
[09:33] {Threei} you wish
[09:33] {cosmo} jerry springer
[09:33] {nemo} gag
[09:33] {Threei} dive into .10 should be it for HIG
[09:34] {Threei} and RIMM, doub,le bottom
[09:34] {Threei} 59 recross long'
[09:34] {Threei} .85 stop
[09:35] {Threei} .10 recross HIG long
[09:36] {Threei} stop under 24
[09:36] {Threei} HIG 1:1
[09:36] {bkhmd} ty
[09:36] {fernp} missed RIMM, still valid Vad?
[09:37] {bkhmd} same here
[09:37] {Threei} RIMM stalled a few cents under 1:1
[09:37] {Threei} yeah, same setup
[09:37] {dino} pru
[09:37] {Threei} with .85 being invalidation
[09:37] {fernp} ty for HIG
[09:37] {Threei} :)
[09:37] {Threei} HIG will be new setup very soon
[09:37] {Threei} argh
[09:37] {Threei} missed
[09:38] {dino} sm l .50 pru
[09:40] {dino} out pru .96 +.46
[09:42] {dino} .
[09:42] {fernp} RIMM and fern are imcompatible
[09:42] {Threei} RIMM, if works - changing to not a scalp for me designation
[09:42] {Threei} intend to partial
[09:43] {strider} out +.1w partial
[09:43] {strider} 12
[09:43] {Threei} 1:1
[09:43] {dino} pru retesting
[09:43] {Threei} half out .17
[09:43] {fernp} ty Vad
[09:43] {Threei} see fern? compatible
[09:44] {Threei} just give it a chance
[09:44] {Threei} maybe some marriage counselling
[09:44] {fernp} maybe...
[09:44] {fernp} I don't like the way it moves
[09:44] {Threei} 1/4 more .25
[09:45] {Threei} stop under b/e
[09:45] {Threei} offering the rest .35
[09:45] {nemo} ty
[09:45] {Threei} welcome giys
[09:45] {Threei} direct hit
[09:45] {Les} rimm
[09:46] {strider} out in full...thanks vad
[09:46] {Les} sorry wrong screen
[09:46] {strider} that was a struggle
[09:46] {Threei} {fernp} I don't like the way it moves - what is it a pole dancer?? :)
[09:46] {Les} stopped out on HIG Vad. was moving fast and messy exit
[09:46] {dino} pru sm l .00
[09:46] {Threei} magoo, tell me you got it... totally your kind of tade
[09:47] {Threei} les... on the very first entry, 10?
[09:47] {Les} yeh
[09:47] {dino} theres the +100 3i
[09:47] {Threei} it went to .28, how do you get stopped on that?
[09:47] {bkhmd} i didnt know it reached .85
[09:48] {Threei} yeah dino... my bet stays though
[09:48] {dino} pru stop is .67 fwiw
[09:48] {Les} didn't get order filled. was trying to sell when realised hadn't even bought. something new to learn... entry and exits
[09:48] {Threei} ummm
[09:48] {Threei} I am lost
[09:49] {Threei} if you haven't entered how sdo you take stop?
[09:49] {Les} makes two of us
[09:49] {nemo} you and 3i lost romantic
[09:49] {Threei} ok, that desrves a slap, but I am laughing too hard
[09:49] {nemo} Hig long coming?
[09:49] {Les} late fill. distracted by kids in background. should have cut the buy order
[09:49] {Threei} yikes
[09:50] {bkhmd} who is 3i?
[09:50] {bkhmd} no kids allowed page 43 of the book
[09:50] {nemo} hig .70 break stop under shit
[09:50] {Threei} entering on original trigger on the way back is questionable even after 1:1 is reached, let alone 1:2
[09:51] {strider} good call dino, pru
[09:51] {nemo} I don't see it Vad
[09:51] {Les} sounds like laser is good for scalping, but I'll practice with IB on paper. Will see how it works out for me entering/exiting fast trades like that
[09:51] {dino} ty strider
[09:52] {Threei} Short Setup: RIMM .35 break, half lot
[09:52] {Les} double bottom on HIG?
[09:52] {nemo} Nothing about kids on pg .43
[09:52] {Threei} if stays under .50
[09:52] {Threei} no on HIG
[09:52] {nemo} too fast rimm
[09:52] {fernp} too fast
[09:53] {Threei} yeah... too bad, quick 1;1
[09:53] {strider} {--------oh ye of little faith.
[09:53] {bkhmd} wrong page?
[09:53] {bkhmd} NEMOOOOO u looked?
[09:53] {strider} didn't believe RIMM
[09:53] {nemo} classic double top 2nd inside bollingers
[09:54] {strider} still good?
[09:54] {strider} not now
[09:54] {dino} out pru .38, +.38
[09:54] {dino} back in 30
[09:54] {Threei} plus staying under itshigh while NASDAQ made new high at 9:51
[09:54] {Threei} good job dino
[09:55] {nemo} HIG holing while qs spy dropping
06[09:55] * strider slaps strider around a bit with a large a copy of Techniques of Tape Reading
[09:56] {nemo} nothing on 44 either
[09:56] {bkhmd} lol
[09:56] {bkhmd} im sure its there
[09:56] {Les} :)
[09:56] {Les} :)
[09:58] {Threei} I start thinking of HIG as short
[09:59] {Threei} .50 break is obvious trigger but we are too far from there,
[09:59] {Threei} something more aggressive would benicer
[10:00] {nemo} unless you get lower high here?
[10:00] {Threei} need clean setup
[10:00] {fernp} HIG is holding while FAS is falling
[10:00] {Threei} yeah, ruined
[10:00] {Threei} leaving the idea
[10:01] {Les} so u were suggesting big sell off today vad
[10:01] {strider} GLD looking restrained this morning.
[10:01] {Les} still thinking that?
[10:01] {Threei} and bet some beer to dino on that
[10:01] {Threei} thinking? you are flattering me
[10:01] {nemo} aig double top?
[10:01] {Les} shit. my bad
[10:02] {Les} oops I said naughty word sorry
[10:02] {Threei} GLD... this one I'd short with pleasure
[10:02] {Threei} but I asm biased
[10:02] {Threei} I always see it as short, lol
[10:03] {nemo} $ down oil down ???
[10:03] {strider} GRMN bouncing today...interesting daily chart
[10:03] {strider} down up down up
[10:03] {Threei} and gold donw
[10:03] {nemo} mind out of the gutter strider
[10:03] {Threei} remember I said recently they are likely to decouple soon?
[10:04] {nemo} more innuendo
[10:04] {Threei} what's with ENMD?
[10:04] {Threei} moves day after day, no news since August
[10:05] {Threei} and this is that same ENMD that gappen from 11 to 80 once in 1998 I think
[10:05] {strider} Yeah, I see what you were saying about nemo,Vad
[10:05] {strider} (when he wasn't here)
[10:05] {Threei} I don't remember what I said but I vote with both hands for that
[10:09] {Threei} Short Setup: HURN .90 break half lot
[10:09] {Threei} if stays below 27.05
[10:10] {Threei} eeck
[10:10] {strider} some bad spreads there
[10:10] {nemo} yeah...boom
[10:10] {fernp} jumpy
[10:10] {Les} i was gonna say. like a lead bloody balloon
[10:11] {Threei} oh well
[10:11] {Threei} next
[10:11] {Threei} this fish got away
[10:11] {Threei} look at it dropping
[10:11] {nemo} go fishy!!!
[10:12] {strider} LEAP dbl bottom or breakdown
[10:12] {Threei} RIMM short was beautiful idea... look at it
[10:13] {nemo} too painful
[10:13] {Threei} good
[10:13] {nemo} fyvm
[10:14] {Threei} good manners is the latest victim of our dimming civilization I see
[10:14] {Threei} LEAP is rather breakdown, strider
[10:14] {nemo} For Your Virtuous Magnificence
[10:14] {Les} HIG setting up for another go?
[10:14] {Les} rimm
[10:15] {Threei} HIG is losing gas I believe
[10:15] {strider} hmin?
[10:16] {strider} I know it's thin
[10:16] {Threei} thin and jumpy
[10:16] {Threei} ok, there must be a short in HIG somewhere
[10:16] {strider} LEAP Vad?
[10:16] {dino} pru lod
[10:16] {Threei} [10:14] {Threei} LEAP is rather breakdown, strider
[10:17] {strider} reasonable stop?
[10:17] {Threei} I don't even see a reasonable entry, lol
[10:17] {strider} That's very reasonable
[10:18] {strider} hgsi?
[10:18] {Les} U find bambi Nemo?
[10:19] {Threei} FNM Announces 'deed for lease' program to assist homeowners - CNBC
[10:19] {Threei} - allows homeowners facing foreclosure to remain in their homes (
[10:19] {Threei} ok, who is ready to try, HIG
[10:19] {Threei} .60 break
[10:19] {Threei} if stays under .70
[10:19] {nemo} Not close does about 60 yards through brush
[10:19] {Threei} HGSI is rather a momo stock
[10:19] {Threei} not really technical read
[10:19] {Les} A doe?
[10:20] {Les} A deer?
[10:20] {Les} A female deer?
[10:20] {nemo} here it comes
[10:20] {Threei} invalidated HIG
[10:20] {Threei} les leave it for later please
[10:20] {larisa} at least first hour can we guys stay focused?
[10:20] {Threei} market is still active
[10:20] {nemo} range forming on qs and spy
[10:21] {Les} ok
[10:21] {nemo} rimm at bottom of open
[10:21] {strider} rimm lod
[10:21] {nemo} big gap under
[10:22] {Threei} RIMM is double bottom/bounce here
[10:22] {Threei} more selling later on but should be good for a scalp
[10:22] {nemo} hig staying under BB MA
[10:23] {Threei} Long Setup: .75 rimm
[10:23] {Threei} if stays above .60
[10:23] {Threei} Long Setup: RIMM .75
[10:23] {Threei} there... looks better
[10:26] {Threei} invalidated
[10:26] {fernp} FITB interesting for short here
[10:29] {strider} c&h stld
[10:29] {strider} big range
[10:29] {Threei} RIMM starts looking like short at will and let it drop
[10:30] {Les} QCOM ready to drop into gap?
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 260M shares, about 7% below its three-month average; advancers lead decliners by 6.2:1.
[10:31] {Threei} - NASDAQ volume 535M shares, about 5% below its three-month average; advancers lead decliners by 3.3:1.
[10:31] {Threei} - VIX index -4.5% to just under 26.50
[10:31] {Threei} QCOM looks like short on 43 break to me
[10:31] {Threei} I'd just prefer to do it with market dropping
[10:31] {Threei} but looks good
[10:32] {fernp} lots of candles w/shadows in BAC. bizarre
[10:32] {nemo} battleground
[10:33] {Threei} plenty of out of bounds prints on it for some reason
[10:33] {fernp} look at the current candle goes from .85 to .95 continuously
[10:34] {Threei} look at T&S
[10:34] {Threei} you'll see why
[10:34] {fernp} y
[10:35] {Threei} RIMM... down and down
[10:35] {Threei} so much for that buyback?
[10:37] {Les} and someone came to rescue QCOM
[10:37] {bkhmd} where did that surge come from
[10:37] {Les} spy
[10:38] {nemo} aig making 2nd attempt at r1 .52
[10:40] {strider} nemo, what charts are you using for pivots?
[10:41] {nemo} Microsoft Silverlight, which can be an issue
[10:41] {strider} OK. I've been using that some also. No problems with silverlight. I use Firefox if that makes a difference.
[10:42] {nemo} can stick a bit with firefox...I run it in Chrome
[10:42] {strider} haven't had any problems so far
[10:42] {nemo} kewl
[10:43] {Threei} Long Setup: AIG .20 break half lot if stays above .10
[10:44] {nemo} ba quotes again
[10:45] {fernp} something is happening with financials today, i am trading WFC and FITB and both make out of bounds prints very often... better i leave them alone
[10:45] {fernp} AIG too
[10:45] {Threei} yes
[10:46] {Threei} seems to be widespread quote problem
[10:46] {Threei} trev... any insight?
[10:46] {nemo} it's them again
[10:46] {nemo} excuse's they again
[10:46] {fernp} i am out .25
[10:46] {Threei} 1:1 AIG
[10:46] {lasertrev} checking into it now
[10:47] {strider} I got out flat...can't trade with those stupid quotes
[10:47] {fernp} yeah
[10:48] {Threei} watching RIMM for short setup
[10:49] {Threei} Short Setup: RIMM .70 break half lot
[10:49] {Threei} if stays under .85
[10:49] {dino} mxwl .50 sm l
[10:51] {lasertrev} quoteserver 8 works well
[10:51] {Threei} held by fingertips RIMM
[10:53] {strider} stop dino?
[10:53] {dino} lod
[10:54] {strider} thx
[10:54] {dino} eyes on pru again
[10:55] {dino} stride, mxwl may take awhile, put hard stop on it and move on to other imo
[10:56] {strider} thx
[10:59] {Threei} come on market, let's start selloff
[10:59] {Threei} I have that beer on the line
[11:00] {bkhmd} after lunch
[11:00] {Threei} in case it's important for someone:
[11:00] {Threei} *(HU) HUNGARY OCT BUDGET BALANCE YTD (HUF): -1.04BV -1.1B PRIOR
[11:01] {Threei} die RIMM
[11:02] {strider} out RIMM +.10
[11:02] {strider} not the best exit
[11:02] {Threei} 1:1
[11:03] {Threei} taking scalp
[11:04] {Threei} dino... I believe I still have a shot at that beer, but just n case... what kind you prefer?
[11:05] {bkhmd} dont give up vad its coming after lunch just not sure which day
[11:05] {bkhmd} lol
[11:05] {bkhmd} lol
[11:05] {Threei} 15:59] {dino} vad, a beer bet, up 100+ tomorrow's close
[11:05] {Threei} [16:00] {Threei} my bet for tomorrow is red close
[11:05] {Threei} [16:00] {Threei} beer it is
[11:05] {Threei} [16:00] {Threei} I'll take my favorite
[11:05] {Threei} [16:00] {Threei} Innis&Gunn
[11:05] {bkhmd} did you specify day?
[11:06] {dino} becks
[11:06] {strider} Got to read up on hard stops in Laser. Anyone use them?
[11:06] {Threei} only if I have to leave opwen position
[11:06] {bkhmd} ohhhhalways
[11:07] {Threei} it's quite intuitive to set up
[11:07] {Threei} OMS module
[11:07] {dino} but the day is young 3i, we lost this much yesterday
[11:07] {strider} stopped mxwl
[11:07] {Threei} and panel is pretty much like your typical VCR
[11:07] {dino} yes strider, sorry
[11:08] {strider} yeah....see 'stop' and enter price, then click buy or sell?
[11:08] {strider} Hey, dino...nobody's twistin my arm here. I'm riding your coattails:)
[11:08] {Threei} no
[11:09] {Threei} after you set the order and clicked OK,
[11:09] {Threei} use green arrrow to activate order
[11:09] {Threei} red square to stop it
[11:09] {strider} I'm in the wrong place..don't seee what you're talking about. Where is OMS module?
[11:10] {Threei} ok
[11:10] {Threei} look at the menu
[11:10] {dino} understood
[11:10] {Threei} Modules
[11:10] {Threei} OMS module
[11:10] {strider} whoa..
[11:10] {strider} there tis
[11:10] {Threei} in the new window that pops up,
[11:10] {Threei} third button from the left is Add a new order
[11:11] {Threei} set all parameters,
[11:11] {Threei} click OK
[11:11] {strider} gotcha.
[11:11] {strider} what if price jumps stop price?
[11:11] {Threei} now use arrow and square to activate or desactivate order,
[11:11] {Threei} Modify button to change it
[11:11] {dino} fsys
[11:11] {Threei} etc
[11:11] {strider} do you set it as market exit?
[11:12] {Threei} I do the same as I do manuals,
[11:12] {Threei} a few cents leeway
[11:12] {strider} k
[11:12] {Threei} if it's very thick stock, I use market
[11:13] {dino} same here
[11:13] {fernp} when I use stops, I enter them directly from Level2, route-}stop, type-}stop, the stop price... and seem to work fine
[11:13] {dino} when you want to get out, get out
[11:13] {dino} tkes all emotion away
[11:13] {dino} takes
[11:14] {dino} and we know what emotion is....
[11:14] {Threei} I am not sure how that thing works fern
[11:14] {Threei} I mean I don't know mechanics
[11:14] {fernp} i think the difference is these stops are client side and OMS ofers server side stops
[11:14] {strider} you have to click sell or buy after entering stop price?
[11:14] {fernp} offers
[11:14] {Threei} I'd prefer trev to explain that
[11:15] {fernp} yes strider
[11:15] {Threei} last time I looked into that one it was mostly non-functional
[11:15] {Threei} and software guys told me it was in works
[11:15] {Threei} it was a few versions back andf I never asked again
[11:15] {strider} but it's working for you, fern?
[11:15] {fernp} this monday worked well
[11:16] {Threei} as a market order?
[11:16] {Threei} and how it routed?
[11:16] {fernp} Stop or StopL
[11:16] {fernp} StopL -} limit
[11:16] {fernp} stop -} market
[11:17] {strider} so stop and stopL works for either side of trade? Profit exit or loss exit?
[11:17] {fernp} yes
[11:17] {Threei} huh... I don't have stopL
[11:17] {strider} Can't do both though?
[11:17] {Threei} only stop
[11:17] {fernp} no profits is a limit order
[11:18] {strider} I've got Stop , StopL, and StopT===I guess trailing
[11:18] {strider} I'll go back and watch the videos.
[11:19] {Threei} funny... I don't even understand where you see those :)
[11:19] {strider} have to use advancedd style mouse menu.....
[11:19] {strider} lvl ii
[11:20] {dino} pru getting interesting again
[11:22] {strider} as long }
[11:22] {strider} ?
[11:23] {dino} y
[11:23] {dino} imo
[11:24] {dino} break of ,75 or on a whoosh down to .25ish
[11:24] {dino} break it is sm .75 l
[11:25] {dino} stop is .43
[11:26] {dino} tighten that to .49
[11:29] {strider} just watching PRU
[11:30] {dino} not working
[11:32] {strider} trying to stay afloat
[11:32] {dino} stopped
[11:33] {dino} that darn 11:00 curse
[11:34] {strider} FAST consolidating
[11:34] {strider} narrow range
[11:37] {dino} look whoosh to .15, gut was right
[11:37] {dino} brain was wrong
[11:38] {bkhmd} did u see 3 minute chart Dino?
[11:38] {dino} y
[11:39] {bkhmd} 3 min looks much different set up
[11:43] {dino} what do you see
[11:43] {dino} breakdown, whoosh, bounce i see
[11:43] {dino} wfmi app. lod
[11:43] {dino} lamr strong
[11:46] {dino} breaking down now pru
[11:47] {bkhmd} i wanted to short it when it fell below .62 but was scared lol
[11:49] {Threei} let the selling begin
[11:49] {Threei} I really want that beer
[11:50] {strider} HIG headless horseman
[11:50] {dino} you were right
[11:50] {dino} 42.52ish gap aug.
[11:50] {dino} strange tho, significant guidance raise
[11:51] {Threei} kay guys, my view is clouded by beer bet,
[11:51] {Threei} but
[11:51] {strider} wfmi interesting
[11:51] {Threei} if you feel selling is in cards
[11:51] {Threei} QID is our vehicle
[11:51] {Threei} either .80 long if stays above .70
[11:52] {Threei} or shorting market into bounce by attempt to catch QID long closer to .60
[11:52] {Threei} word of warning: can cost a stop or two while downtrend establishes
[11:53] {Threei} SRS is another option
[11:53] {Threei} .30 break
[11:54] {Threei} with stop under .20 for scalpers, under .15 for day traders
[11:55] {strider} quotes stuck again
[11:55] {bkhmd} its not ur system
[11:56] {Threei} quotes look OK here
[11:56] {strider} Had QID lvlii stuck
[11:56] {Threei} there are some odd prints but I don't think it's Laser
[11:56] {bkhmd} i froze also Stride but ok now
[11:56] {strider} wasn't in sync with t&s
[11:57] {Threei} see these wird ones at .67 on QID?
[11:57] {Threei} they are out of bounds
[11:57] {Threei} not real
[11:57] {strider} I think I remember that Qcharts had some routing options.
[11:58] {strider} when these problems arose
[11:58] {Threei} but whatever the reason is, let's not miss this golden opportunity:
06[11:58] * Threei slaps lasertrev around a bit with a large out of bounds prints
[11:59] {strider} long QID .81 small
[11:59] {fernp} is Laser Vad, in my other plataform there are no problem and charts have not those shadows
[11:59] {bkhmd} why lasertrev fault?
[11:59] {Threei} ty fern
[12:00] {Threei} all the more reasons to slap trev
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 470M shares, about 3% below its three-month average; advancers lead decliners by 4.7:1.
[12:00] {Threei} - NASDAQ volume 980M shares, about 3% below its three-month average; advancers lead decliners by 3.2:1.
[12:00] {Threei} - VIX index -5.3% to just under 26.50
[12:00] {fernp} .81 long?
[12:03] {strider} me, ferN/? yeah. Wasn't that the call?
[12:03] {strider} or one of them?
[12:03] {fernp} i think so
[12:03] {strider} I',m sm shares...may average in if looks like a bounce at .60
[12:04] {magoo} what internet access u guys using? cable , adsl?
[12:05] {strider} I've got cable, with DSL backup
[12:05] {nemo} cable
[12:05] {Threei} cable
[12:05] {magoo} what speedtest resulyts u have ?
[12:05] {strider} may drop the dsl in a few months.
[12:05] {magoo} u too vad, speedtest it please
[12:05] {Threei} what do you use to measure speed?
[12:05] {magoo}
[12:06] {Threei} let's compare on the same soirce
[12:06] {nemo} pcpitstop
[12:06] {Threei} ok, lemme try
[12:06] {magoo} mega bites per sec mb/s
[12:06] {fernp} i have both with a network balancer (try to do that w/windows) lol
[12:06] {nemo} 15
[12:07] {dino} missed pru, phone call
[12:08] {Threei} 19.14
[12:08] {larisa} I have cable, test shows download 28 mb/s, upload 5.5 mb/s. Almost never have problem with quotes.
[12:09] {larisa} unless laser has them of course :)
[12:09] {magoo} mine so bad, thats what ive been up too this morn, just made appointment to nswitch too cable next week
[12:09] {dino} thx, going cable next week
[12:09] {magoo} vad, upload or download speed?
[12:10] {Threei} download
[12:10] {larisa} you need to worry about download mostly
[12:10] {Threei} yeah, upload is mostly irrelevant
[12:11] {larisa} at the beginning of trading era I was trading through dish that would only download. Upload was diap up :)
[12:11] {Threei} what are you getting magoo?
[12:12] {nemo} aig volatility
[12:13] {Threei} PRU Hearing defended at UBS (timing uncerrtain) (44.01, -2.55, -5.48%)
[12:13] {magoo} what was your upload vad because im switching and curious?
[12:13] {Threei} takes a while to develop from the frozen state, but unless shakes us out first, should be a good downtrend
[12:13] {Threei} 3 mags
[12:13] {dino} whippy
[12:14] {strider} Vad, what's your nominal download, e.g., what isp says you're buying?
[12:14] {Threei} if things go as I feel they should, it won't be a scalp
[12:14] {Threei} I see QID going to 23.20, and possibly higher,
[12:14] {nemo} QID vad
[12:15] {Threei} but then again, it may be beer bet talking
[12:15] {dino} slurring
[12:15] {Threei} I don't remember strider... been quite a while since I signed up with them
[12:15] {Threei} nemo?
[12:16] {nemo} answered
[12:16] {strider} Nice bull flag on QID (he says, hopefully)
[12:16] {magoo} vad, our test shows .64 download mb/s UNREAL..theres the issue
[12:16] {strider} triangle, rather
[12:17] {Threei} .64???
[12:17] {Threei} sheesh
[12:17] {magoo} yeah
[12:17] {Threei} there you go
[12:17] {Threei} that's the root of your quote problems
[12:17] {magoo} yup...unfortunately after smashing 2 computers and buying the fastest mothers out there
[12:17] {strider} It's going to vary a lot, depending on where the server is you're pinging.
[12:18] {Threei} it's less than larisa was getting with half-shot satellite rusted from outside and inside
[12:18] {magoo} wed next week enter information age
[12:19] {Threei} you can use postal pigeons with the same success
[12:19] {dino} then i can make mistakes much faster
[12:19] {Threei} hehe
[12:19] {strider} and get shat upon for your efforts.
[12:19] {nemo} janitor!
[12:20] {nemo} you guys are so close to NY too
[12:21] {nemo} everybody I know who has had dsl hates it
[12:22] {dino} we do now too
[12:22] {dino} and get this, cable will be less$
[12:22] {fernp} mags, could be someone downloading movies, software, etc... if someone is using p2p programs can saturate bandwidth
[12:23] {Threei} you mean, magoo downloading porn will negatively affect dino's trading?
[12:23] {bkhmd} hahahahah
[12:23] {bkhmd} hahahahah
[12:23] {fernp} EXACTLY
[12:23] {fernp} you read my mind, but i am a bit polite
[12:23] {nemo} not on dsl...cable
[12:24] {bkhmd} downloading is not the problem viewing is what creates the problems bad for eyes
[12:24] {Threei} count on me for being impolite
[12:24] {dino} roflol
[12:24] {Threei} btw, during initial DSL/cable war this argument of shared pipe was main one cited by DSL
[12:24] {Threei} never really happened
[12:24] {nemo} back to the thumb joke?
[12:25] {Threei} AFAIK, cable winds handily
[12:25] {strider} lots of outside the market trades on QID also.
[12:25] {nemo} Vad on this last aig rise you've got descending volumes at peaks and at resistance
[12:26] {Threei} I don't see any significance to it
[12:26] {Threei} it's a listless time
[12:27] {Threei} things move in narrow range up and down with no rhyme or reason
[12:27] {nemo} yeah, but dropped big at 11:40
[12:27] {Threei} until we see decisive break, nothing is really readable
[12:29] {Threei} for a change, Jon Voight on TV
[12:29] {Raven} I have AT&T DSL bundle with TV and VOIP ... download speed 6M ... workslike a charm
[12:29] {nemo} slow download
[12:29] {Raven} 6M is slow?
[12:30] {nemo} very
[12:30] {Threei} 19 here R
[12:30] {Threei} 28 for larisa
[12:30] {nemo} I average 15
[12:30] {bkhmd} 13 here
[12:30] {Raven} I can get 20M if I pay more ... does not seem necessary
[12:30] {nemo} the US has the slowest average internet speeds in the developed countries
[12:30] {Threei} well, you don't have brother downloading porn next to you
[12:31] {Raven} there is that
[12:31] {bkhmd} hahahah
[12:31] {bkhmd} hahah
[12:31] {bkhmd} takes all the bandwidth
[12:31] {Raven} I ditched cable long ago ... the speed varied all over the map
[12:31] {bkhmd} i would think it would depend on area
[12:31] {Raven} DSL is rock steady
[12:32] {nemo} cable architecture siphons bandwith as users are added
[12:32] {Raven} and yes ... the area makes a difference for sure
[12:33] {Raven} right nemo ... and my neighbors must have been downloading a lot of porn
[12:33] {bkhmd} If your close to the DMARC then DSL is great
[12:33] {nemo} farther away from the cities slower cable is also
[12:33] {Raven} like most shit ... everything is local;
[12:34] {bkhmd} HIG trying to break?
[12:34] {nemo} quoting Tip Rraven?
[12:34] {Raven} I guess
[12:36] {strider} Don't interrupt your brain's thinking by working.
[12:41] {nemo} C&H on Hig?
[12:41] {strider} Anyone besides Vad know what their nominal download speed is from ISP? I need to upgrade mine, and don't want to under-or -overbuy.
[12:41] {nemo} or, no lunch-time break outs
[12:41] {Threei} it's so little
[12:41] {Threei} I don't think I'd trust it
[12:41] {nemo} 15
[12:42] {strider} k
[12:42] {Raven} 6
[12:42] {dino} going to 15
[12:42] {strider} Nemo, you''ve still been having 'issues', though, haven't you.....with freezing.
[12:42] {bkhmd} 13
[12:42] {bkhmd} 13 but i pay lil extra i wanted more speed for the porn
[12:42] {bkhmd} lol
[12:42] {bkhmd} lol
[12:42] {bkhmd} hate waiting
[12:42] {bkhmd} lol
[12:43] {nemo} only in Laser, everything ele works fine
[12:43] {strider} I've only got 5 at the moment....but I used to run MBTrading and 7 screens of QCharts on 3 mg and never had freezin problems.
[12:44] {strider} Not hving problems now with MBT either.
[12:44] {nemo} o.k. I bring up board view in LASER but the header so I can move the window is above the upper border of LASER..what do I do?
[12:44] {strider} I'm thinking it has to do with one of the nodes of the route Laser takes to get to us.
[12:45] {strider} Nemo..have to temporarily change resolution of your monitor to get it.
[12:45] {strider} Increase resolution.
[12:45] {strider} Or you might be able to go into monitor settings and move screen around .
[12:46] {nemo} no, it's not above my monitor, it's above the LASER desktop
[12:47] {strider} in that case, you're screwed.
[12:48] {strider} Vad are you in QID?
[12:48] {strider} If so, what's your stop}
[12:49] {Threei} half strider
[12:49] {Threei} with intend to add second half around .60 if it strengthens from there or get stolpped if loses it
[12:49] {strider} Nemo...can you change Laser to full screen? Square box at top right? that might do it.
[12:49] {strider} thx vad
[12:50] {magoo} in anything else
[12:50] {Threei} kind of trying to combine two strategies in one
[12:51] {_vgdanger} new to this room. had a question on the hig play off he open was it a capitulation play or low bb play? also was hurn play euphoria?
[12:51] {Threei} hi
[12:51] {magoo} hi
[12:51] {Threei} HURN I remember,
[12:52] {Threei} that was JBE failure kind of setup,
[12:52] {Threei} loss of support of consolidation range
[12:52] {Threei} HIG first play I need to referesh
[12:52] {_vgdanger} i see
[12:52] {Threei} let me look
[12:53] {Threei} ahha... 59 trigger
[12:53] {Threei} no
[12:53] {nemo} hig was capitulation
[12:54] {Threei} 24.10
[12:54] {Threei} yes, capitulatory selloff
[12:56] {nemo} sort aig .99
[12:59] {_vgdanger} now du have have hard 15 cent 10 outs for most of your having a hard time figuring out the logic behind your break and stops..are they base on your own risk management?
[12:59] {_vgdanger} kind of different from your book and scalping course
[13:00] {Threei} there is nothing different, it's the same system and those same setups
[13:00] {Threei} show me a particular play so I could explain the logic of stop placement
[13:04] {fernp} nemo to drag that board view, you can go to window --} cascade. But all your others windows are going to mess
[13:04] {nemo} ty
[13:04] {_vgdanger} bout the hig? i understand the play but the low from what i remember was below around 23.84 based on the candle unless im getting the time of call and relevant 1 min candle messed up
[13:04] {nemo} i'm in the middle of aig right now
[13:05] {fernp} good luck then :-)
[13:05] {Threei} 09:35] {Alert} Threei .10 recross HIG long
[13:05] {Threei} [09:36] {Alert} Threei stop under 24
[13:05] {nemo} mesed up the stop
[13:05] {Threei} this one?
[13:06] {_vgdanger} thats the one
[13:06] {Threei} HIG lost 24 only on 9:38
[13:06] {Threei} at that moment 24 was unbroken low
[13:07] {Threei} and it went up to .28 after breaking .10
[13:07] {Threei} which constitutes solidly over 1:1 for a scalp
[13:07] {_vgdanger} gotcha
[13:08] {Threei} :)
[13:10] {_vgdanger} ive noticed you play hig quite a bit based on the trading logs....any particular reason.? just a good read on it i suppose?
[13:10] {Threei} I tend to stick with what works until it stops working
[13:10] {Threei} and HIG behaves amaZingly well lately
[13:10] {_vgdanger} that does make sense
[13:11] {Threei} one day it will stop and I'll drop it like 17 years old drops his girlfried if she stops dying her hair
[13:11] {_vgdanger} lol
[13:11] {nemo} never heard that one before
[13:11] {Threei} because I just came up with it
[13:12] {nemo} let it be the last time
[13:12] {Threei} and believe me I had 3 less politically correct versions
[13:12] {nemo} dcc please
[13:12] {Threei} it reallt changes
[13:12] {Threei} really
[13:12] {Threei} I remember periods whehn different stocks worked for aheile
[13:12] {Threei} then stopped
[13:13] {nemo} wow, what butchering
[13:13] {Threei} UAUA was our hero for a while,
[13:13] {Threei} DRYS
[13:13] {Threei} PALM
[13:14] {_vgdanger} so now ts hig and rimm,,,i remember cat was a frequent play on your logs
[13:15] {Threei} right
[13:15] {_vgdanger} so now its^
[13:15] {Threei} then CAT became so jumpy
[13:15] {Threei} I am hesitant to play it these days
[13:15] {fernp} also some solars vad
[13:16] {Threei} yeah... ESLR, when it was a decent stock and not today's cheap piece of crap
[13:17] {Threei} and AIG, oh my dear AIG
[13:17] {Threei} how beuatiful you used to be
[13:17] {Threei} but along with those usual suspects now and then scanner spits out something new
[13:17] {Threei} like NTRI a day ago
[13:17] {nemo} waxing poetically here 3i
[13:17] {Threei} that's me... all poetic
[13:19] {_vgdanger} also what is your criteria on buying on pullbacks on a one minute? what makes you decide to play an aggressive entry in general.
[13:20] {Threei} a bit too general question... there are variations
[13:20] {Threei} oullback into clearly defined support for instance
[13:20] {Threei} pullback
[13:20] {Threei} it's easy to show on the chart
[13:20] {_vgdanger} i see
[13:20] {Threei} aggressive entries are not always pullback entries by default
[13:21] {Threei} sometimes it's simply entry "in advance", before actual breakout
[13:21] {bkhmd} RIMM recovered
[13:21] {Threei} btw, guess who is on TV - and this time it's not Jon Voigt
[13:22] {bkhmd} Melissa Lee?
[13:22] {nemo} aig momo again?
[13:22] {Threei} it is
[13:22] {Threei} mags
[13:22] {Threei} see AIG?
[13:23] {_vgdanger} do u use all the scanner windows that come with scanner. any ones that are used more frequently than others?
[13:23] {_vgdanger} there are quite a bit
[13:23] {Threei} lookk at AIG 1 min
[13:23] {Threei} see support at .50?
[13:23] {Threei} pullback to it would be a clean example of pullback entry
[13:24] {Threei} and if it behaves like it does when momo comes, it goes to 39.50 soon
[13:24] {Threei} at least
[13:24] {nemo} Qs and spy's flattening...faz DB?
[13:24] {Threei} scanner windows - not all at once of course
[13:25] {Threei} they are good for different markets
[13:25] {Threei} breakouts, breakdowns
[13:25] {_vgdanger} i see what u mean with the aig
[13:25] {Threei} 39 be taken
[13:27] {Threei} like hot knife through margarine
[13:29] {Threei} pullback after break
[13:29] {Threei} rather normal for this animal
[13:29] {Threei} support is right here
[13:29] {Threei} around .70
[13:30] {Threei} see the middle line of BBs?
[13:30] {Threei} touched it and bounced
[13:30] {_vgdanger} yes i see it
[13:30] {Threei} this is not a very strong support but it dropped very fast into it
[13:30] {Threei} I wouldn't consider it an entry if it slid slowly
[13:30] {Threei} but fast vertical drop, yes
[13:31] {Threei} kind of hard to comment this kind of fundamental things on so fast stock, but just trying to describe what I am l,ooking for
[13:31] {Threei} immediate resolution helps to see how concepts work
[13:31] {nemo} market and $ decoupled to . $ barely down
[13:32] {Threei} .50 - .55 next support
[13:32] {_vgdanger} would you ever consider pay once the 39 lifted originally?
[13:33] {_vgdanger} hoping for a run to 50c?
[13:33] {Threei} buying 39 break?
[13:33] {Threei} no, not on AIG
[13:33] {Threei} AIG is much better play on pullbacks during momo
[13:33] {Threei} on breakouts it tends to shake out hard
[13:33] {nemo} this not as strong momo as Tuesday though
[13:33] {Threei} what magoo calls heavy breather
[13:34] {nemo} that's after he's downloaded
[13:34] {Threei} and I don't want to even think where he got the reference
[13:34] {fernp} lol
[13:34] {magoo} :)
[13:34] {Threei} now look how it paused
[13:35] {Threei} this I don't like as a forecaster of bounce after pullback
[13:35] {Threei} I want it to dive into support rapidly
[13:35] {Threei} this is more like slide in AIG terms
[13:35] {Threei} I wouldn't try to entr near .50 now, rather wait for fast break
[13:36] {Threei} and see if you can get .35 - .40
[13:37] {larisa} 39 38.50 short AIG scary as hell
[13:37] {Threei} wtg larisa
[13:37] {Threei} you are fearless gal
[13:37] {larisa} stopped out 38.95 -39, shorted again :)
[13:37] {Threei} shorting into such momo takes dino's guts
[13:38] {dino} gj lari
[13:38] {larisa} I am always early
[13:38] {Threei} bounce eventually worked but this is not my cup of tea
[13:39] {bkhmd} {---slaps larisa with Jewels Flowers and whatever else she wants
[13:39] {bkhmd} good call
[13:40] {Threei} whatever else she wants? someone's smitten...
[13:41] {larisa} 13.31 bounce top was much safer short
[13:43] {larisa} I dunno if it shows on time bars though, i use ticks for scalps like that
[13:43] {strider} yo8 buying here vad?
[13:43] {dino} sm l ddm .00
[13:44] {Threei} buying what?
[13:44] {strider} QID
[13:44] {Threei} not into selling
[13:44] {Threei} if it strengthens and starts upticking yes
[13:45] {Threei} lost support instead
[13:45] {strider} I'm out
[13:45] {Threei} yeah
[13:47] {nemo} think you're going to owe beer today Vad
[13:47] {larisa} what was the bet?
[13:47] {Threei} that'll be very unfortunate
[13:47] {Threei} dino bet on +100 close, I bet on red
[13:48] {larisa} I wanted red today too
[13:49] {strider} HIG c&h?
[13:49] {dino} remind me not to send you xmas card larisa
[13:49] {dino} :)
[13:50] {Threei} yes on HIG
[13:50] {larisa} lol
[13:50] {larisa} I did not know about your bet :)
[13:51] {dino} in that case, all is forgiven
[13:51] {larisa} ty
[13:51] {dino} you are going to laugh, but "gut" is saying up 250 or so today
[13:52] {Les} various tech analysts were looking for retest of long term trend line today. guess its playing out
[13:53] {larisa} 10k enemy line :)
[13:53] {Les} that's aggressive talk :)
[13:55] {Threei} 'em are fighting words
[13:56] {dino} pru sm l .30
[13:57] {Threei} what the heck is going on with USD?
[13:57] {_vgdanger} whats ur out on pru?
[13:57] {Threei} you see this on UUP?
[13:58] {bkhmd} wghat was that Vad
[13:58] {nemo} holy shit
[13:58] {Threei} that was my question bk
[13:58] {dino} .98
[13:58] {Threei} unfair to throw it back at me
[13:59] {nemo} you want fair.duh
[13:59] {Threei} must be some data error
[13:59] {Threei} I've never seen anything like this
[13:59] {Les} strange. no change in dollar index
[14:00] {magoo} look RIMM here boss
[14:01] {Threei} hmmm
[14:01] {Threei} something with data today, all over the map... I don't feel comfortable
[14:01] {magoo} oh shit..vad, i need that trade "click" sound when i longer there
[14:02] {Threei} dcc me your e-mail, I'll send it to you
[14:02] {fernp} look at FAA (airlines etf)
[14:02] {fernp} 4 prints all day
[14:02] {magoo} sent
[14:03] {Threei} sent back
[14:03] {nemo} I just sent it also
[14:04] {magoo} oh oh..another setup issue
[14:04] {magoo} in trade settings vad, Route out "check all of them correct"?
[14:05] {Threei} yes
[14:05] {magoo} Reserve {in center} uncheck all correct?
[14:06] {magoo} reserve vad?
[14:06] {Threei} your choice
[14:06] {Threei} I have them checked
[14:06] {Threei} might be my general sneakiness
[14:06] {magoo} and Default..what u doing there?follow lev 2 "check?
[14:07] {Threei} unchecked on mine
[14:07] {magoo} nasdaq ?listed?
[14:07] {bkhmd} RIMM DB?
[14:07] {Threei} no
[14:07] {bkhmd} ty
[14:07] {Threei} okay... we start looking like selloff coming again...
[14:07] {Threei} a bit torn here
[14:08] {Threei} don't want to try same thing again and again
[14:08] {magoo} in default, u write anything in box after nas and listed?
[14:08] {Threei} and don't want to miss it when it comes
[14:08] {Threei} I am not sure mags, it seems lkike a lot changed... ask trev is it still matters
[14:09] {larisa} chart spikes all over the place, it is not only Laser problem
[14:09] {magoo} ok
[14:10] {nemo} it's they again
[14:10] {larisa} always :)
[14:10] {Threei} I suspected as much, it didn't look like platform problem
[14:11] {Threei} it's feed that creates such strange discrepancies
[14:11] {fernp} Have to go. good evening everybody. see u all tomorrow.
[14:11] {larisa} tired of clearing up the spikes today :)
[14:11] {larisa} bye fern
[14:11] {Threei} in such cases, sometimes all platforms are affected, and sometimes some of them
[14:11] {nemo} noches fern
[14:11] {Threei} take care fern
[14:11] {lasertrev} later fern
[14:12] {bkhmd} tc fern
[14:12] {dino} cya fern
[14:12] {magoo} vad dcc quick
[14:14] {nemo} calm before the storm
[14:15] {fernp} btw strider, vad, i was stopped out QID using a hard stop placed with level2... and worked
[14:15] {fernp} i am late, bye
[14:15] {Threei} ty fern
[14:26] {Threei} Short Setup: RIMM .50 break
[14:26] {Threei} if stays under .60 - .65
[14:27] {nemo} look at uup now
[14:27] {dino} whoa
[14:28] {Threei} I am beyond lost
[14:28] {Threei} dollar just doesn't move like this
[14:28] {nemo} yeah...relationships are breaking down
[14:28] {dino} run out of new shares uup
[14:28] {magoo} AIG
[14:28] {Threei} neither USO or HLD reflect anything even remotelyresembling what's going qith UUP
[14:28] {dino} could make uup run up higher than underlying value
[14:29] {dino} needs sec clearance foe more shares
[14:29] {nemo} scary, but could signal confidence in the economy
[14:29] {Threei} AIG momo may come
[14:30] {Threei} RIMM 1:1
[14:30] {bkhmd} out ty vad
[14:30] {Threei} welcome
[14:30] {dino} nemo, no uup out of shares, same thing happened w/other indexes, gas, etc. drives them up
[14:31] {jmb} thanks vad
[14:31] {Threei} :)
[14:31] {Threei} despite losing beer bet dramatically, our hit rate looks very nice today
[14:31] {Threei} I haven't counted though... just from memory
[14:33] {magoo} perfect time for AIG squeeze
[14:33] {magoo} '
[14:33] {Threei} how would you know, 5 minutes ago you didn't even have sound alert on executed order
[14:34] {bkhmd} lol
[14:34] {magoo} but i do now :)
[14:34] {larisa} lol
[14:34] {bkhmd} rofl
[14:34] {Threei} hehe
[14:34] {magoo} in .38
[14:34] {Threei} this si so illogical, I just couldn't resist
[14:34] {magoo} if IF takes 40 its ON
[14:34] {Threei} it will
[14:34] {magoo} i mean today
[14:35] {Threei} may breathe ard again, but it should tag 40 today
[14:35] {magoo} 3rd try ..near it yester morn
[14:35] {magoo} and tues
[14:42] {magoo} long CVS ,50
[14:43] {magoo} AIg
[14:47] {strider} +.40 AIG
[14:47] {strider} thanks for the head's up magoo
[14:47] {Threei} wtg
[14:47] {bkhmd} awsome
[14:47] {magoo} welcome
[14:47] {magoo} methodical grinde up here
[14:47] {magoo} bodes well for more
[14:47] {dino} wtg strider
[14:47] {Threei} no guts - nice lookinf waist
[14:48] {strider} as you can imagine, was very small
[14:48] {magoo} 3k?
[14:48] {strider} not tiny!
[14:48] {magoo} 1:2 CVS
[14:49] {dino} giddy-up
[14:49] {Threei} whew
[14:49] {Threei} out .85 AIG
[14:49] {Threei} no way I touch it today again
[14:49] {magoo} SEE stripper
[14:49] {Threei} here comes my 40
[14:50] {larisa} where did you enter? around 14.40 double bottom?
[14:50] {Threei} how did you know?
[14:51] {larisa} I would enter right there. But I fed up with AIG for today :)
[14:51] {Threei} :)
[14:51] {Threei} well, at least I made enough to buy that beer
[14:51] {larisa} still 10 min, do not give up
[14:51] {dino} lol
[14:52] {Threei} 10 min?
[14:52] {dino} 10 beers
[14:52] {larisa} oops, I thought we are done for the day
[14:52] {Threei} what planet is your market on?
[14:52] {dino} then again, lots of time
[14:52] {Threei} or you forgot to move your watch?
[14:52] {larisa} this is why did not want to take AIG
[14:53] {nemo} why? because it makes you say silly things?
[14:53] {dino} you see 3i, i joined forces w/stewie on his time machine
[14:53] {larisa} thought it is almost 4pm
[14:53] {Threei} that's unfair dino... I'll have to tag Doc and go back to the future then
[14:54] {dino} gl
[14:54] {nemo} got an extra flux capacitor?
[14:54] {Threei} and he is truly mad
[14:54] {nemo} smoked too much dope on Taxi
[14:54] {dino} and delorean
[14:54] {Threei} no, we use gravitsapa to move pepelats out of garage
06[14:55] * nemo pulls out Threeish dictionary
[14:55] {Threei} no use nemo
[14:55] {Threei} that's for Russians... movie reference
06[14:55] * strider slaps Threei around a bit with a large copy of Oxford English Dictionary
[14:56] {Threei} don't know if Wiki has it... look up Kin Dza Dza
[14:56] {nemo} Zaire?
[14:56] {Threei} OK, who gave strider that script, lol
[14:56] {strider} Now I'm armed!
[14:56] {nemo} you told me to
[14:56] {Threei} RIMM more downside... who knew
[14:57] {Threei} I thought you understood newspeak nemo...
[14:57] {dino} wall at .70 on pru
[14:57] {dino} tag/drop/tag/drop
[14:57] {Threei} when Stalin told his security "take this guy out, make sure he is comfortbale, show him our best hosipitality", guy was dead in 5 minutes
[14:58] {dino} here comes +200
[14:58] {Threei}!
[15:00] {Threei} Pepelatz an interplanetary spacecraft
[15:00] {Threei} Gravitsapa a component for the pepelatz which allows intergalactic travel
[15:00] {Threei} there
[15:01] {Threei} Tsapa a component for different machines. A big tsapa is a very important component for the pepelatz. A small tsapa is a component for the gravitsapa; without the small tsapa, a gravitsapa will not work. Tsapa is similar to a very rusty screwnut
[15:01] {dino} we just say rocket fuel and rocket
[15:01] {Threei} well, try for this last part then
[15:01] {strider} Gravitsapa -sounds like what you eat with mashed potatoes.
[15:01] {dino} grappa
[15:03] {bkhmd} AIG wow
[15:03] {dino} 10k
[15:03] {nemo} so much for the correction
[15:04] {Threei} look at RIMM
[15:04] {Threei} so much for shares buyback
[15:04] {Threei} who called me a cynic?
[15:04] {nemo} whoa
[15:05] {larisa} AIG is so scared of 40 :)
[15:05] {Threei} AIG bounce time
[15:05] {nemo} I caught that last downdraft, need a crowbar
[15:05] {Threei} (US) House approves homebuyer tax credit and unemployment benefits extension; bill awaiting President Obama's signature
[15:05] {Threei} - Note: Senate approved the bill yesterday
[15:05] {Threei} - jobless benefits extended for up to 20 weeks; current homeowners are now eligible for credit
[15:07] {nemo} rimm just closed gap
[15:07] {nemo} and then some
[15:07] {Threei} AIG right on cue
[15:07] {Threei} if you go for these bounces, keep it to scalps
[15:07] {nemo} got a crowbar?
[15:07] {Threei} RIMM a dollar down from short call
[15:07] {Threei} why did we ever bother to cover?
[15:21] {dino} out ddm .25
[15:21] {dino} +.25
[15:22] {larisa} nice
[15:28] {nemo} gotta' go, you can start talking about me behind my back
[15:28] {bkhmd} LATER NEMO
[15:28] {nemo} Ow
[15:28] {bkhmd} oops caps
[15:28] {larisa} bye nemo
[15:28] {Threei} take care nemo
[15:29] {magoo} that nemos pain in arse ey vad :)
[15:29] {Threei} sure is
[15:29] {lasertrev} later nemo
[15:30] {Threei} dino's right, UUP spike is new shares registration issue
[15:30] {Threei} meaningless move in terms of USD reflection
[15:31] {dino} say that again please, i don't hear that much
[15:32] {dino} pru to flat, distracted w/hess
[15:32] {Threei} I can't dino, I am busy researching option for beer home delivery
[15:39] {dino} DDpB
[15:40] {Threei} larisa... think I still have as chance?
[15:40] {Threei} Market Internals update at 3:30pmET
[15:40] {Threei} - NYSE volume 905M shares, about 2% above its three-month average; advancers lead decliners by 7.3:1.
[15:40] {Threei} - NASDAQ volume 1.81B shares, about 3% below its three-month average; advancers lead decliners by 3.4:1.
[15:40] {Threei} - VIX index -7.5% to just over 25.50
[15:40] {Threei} volume is not impressive
[15:40] {Threei} selling is to resume tomorrow or Monday, I am sure
[15:41] {larisa} lol
[15:42] {Threei} scalped UUP 23 break
[15:43] {Threei} really didn't want to call it, this thing is so strange
[15:45] {dino} it could be a squeeze
[15:53] {Threei} my ultrawide angle lens has arrived
[15:53] {Threei} see you all in two weeks
[15:53] {bkhmd} lol
[15:54] {Threei} or, is it's all it's crancked up to be, in a month
[15:54] {Threei} if
[15:54] {larisa} need another spelling bet
[15:54] {Threei} no way
[15:54] {Threei} if I amlosing trading bets, what chance do I have at spelling?
[15:56] {Threei} I don't fight at enemy's territory... not competing with Raven at grammar or with nemo at obnoxiousnes
[15:56] {Threei} with larisa I am not competing, period
[15:56] {dino} wel vad, 210 was about all it could go
[15:57] {Threei} it's twice what you bet on still, lol
[15:57] {Threei} your bet was 100
[15:57] {dino} yes, mid day thought we'd get 250
[15:57] {Threei} so at 200 I'd say I owe you not one but, get this,
[15:57] {Threei} drumroll please,
[15:57] {Threei} two, yes, TWO beers
[15:57] {dino} q is tomorrow. gut says pop and drop
[15:57] {bkhmd} lol
[15:57] {Threei} tomorrow is red
[15:57] {patience} i'm with you dino
[15:58] {dino} being the nice guy i am, i'll take two
[15:58] {Threei} you must
[15:58] {Threei} it's nemo who claimed the obnoxious spot
[15:58] {Threei} you have nice only left
[15:58] {dino} lol
[15:59] {bkhmd} good night all
[15:59] {bkhmd} thanks vad
[15:59] {Threei} okay guys
[15:59] {Threei} nice day
[15:59] {Threei} thank you asll
[15:59] {larisa} sigh
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {bkhmd} is it cold up there?
[15:59] {bkhmd} Vad?
[15:59] {Threei} no why?
[16:00] {larisa} bye all
[16:00] {dino} snow flurries here tonight
[16:00] {Threei} yikes
[16:01] {patience} roses still blooming here
[16:01] {patience} one of those winters where you have to mow the lawn throughout
[16:01] {Threei} so far, yes
[16:03] {dino} chris grey asks on realmoney; "if deficits and money printing don't matter, why do we need interest rates and taxes?" lol
[16:03] {Threei} good question actually
[16:06] {dino} he goes on "why not borrow an infinite amount of money at zero rates and never pay it back? then we would all be rich, right?...:)
[16:06] {Threei} no need even to borrow
[16:06] {Threei} if oprinting doesn't mattre, print
[16:07] {dino} hopefully the politicians don't really believe this
[16:08] {Threei} many left ones do
[16:08] {dino} unfortunately true