Friday, December 18, 2009

Dec 18 2009

Not very active (what with multiple witching et all) day but profitable, mostly with scalps. That ends a week with 4 winning days out of 5

Dec 18 00:00:00 2009

[08:22] {Les} I embrace obfuscation with bottle of wine after trading every evening, but am otherwise agreed that elucidation is cool
[08:22] {Les} GM :)
[08:23] {Threei} oh good... we are on the same page then about both
[08:23] {Threei} obfuscation and elucidation
[08:25] {nemo} oil bumped up big
[08:25] {Threei} why?
[08:26] {Threei} oh I see
[08:26] {Threei} Iran
[08:26] {Les} $ starting to find it legs again
[08:26] {nemo} What are they doing now?
[08:26] {Les} what's the evil empire doing now?
[08:26] {nemo} that's us Les
[08:27] {Les} didn't feel need to clarify that Nemo. It's assumed
[08:27] {Threei} Iranian forces yesterday entered Iraqi territory at dawn, and occupied well number 4 in the east Maysan field in al-Fakah region, 450 kilometers south of Baghdad, Border Guard General Zaser Nazmi said. The Iranian forces positioned tanks around the well.
[08:27] {Threei} The border guards comments could not be immediately verified.
[08:27] {Les} haha US not willing to show them the door?
[08:28] {Threei} Iraq Deputy Interior Ministry: Denies reports that Iranian forces entered Iraqi territory
[08:28] {Threei} - Earlier this morning the Iraqi Interior Minister said that Iraq will clarify events at the Fakka oil field
[08:28] {Threei} ***Note that earlier unconfirmed reports claimed that Iranian troops "briefly" entered Iraqi territory on Thursday. - Fakka field operates 12 wells
[08:31] {Les} GLD consolidating with volume
[08:34] {Les} oops sorry, my bad. ignore last.
[08:37] {Les} out GLD +.10
[08:53] {Les} and again. nice b/d on GLD this morning
[08:54] {Threei} yawn
[08:55] {nemo} spy at support
[08:58] {Les} doesn't look good for SPY on daily. nothing holding it up
[09:03] {Les} damn. big GLD b/d at 8:57. the wrecking crew are early this morning.
[09:06] {Threei} that was clean breakdown setup providing yo were willing to keep 20 cents stop
[09:06] {Threei} alternatively, short into bounce to .20 with stop above .30 was fine as aggressive entry
[09:14] {fernp} Good morning everybody
[09:14] {Les} gern
[09:14] {Threei} fern :)
[09:14] {Les} sorry fern
[09:14] {fernp} hi all
[09:14] {dino} gm all
[09:15] {Les} dino
[09:15] {Threei} dino :)
[09:15] {strider} morning everyone...
[09:15] {Les} st
[09:15] {Threei} strider :)
[09:15] {strider} back in Anatevka....
[09:16] {strider} trying to scratch out a simple tune without falling off the roof.
[09:16] {dino} back to the future
[09:17] {ese} morning
[09:17] {Threei} ese :)
[09:18] {ese} hey bad
[09:18] {ese} vad
[09:18] {Les} ese
[09:18] {ese} opps
[09:18] {ese} les
[09:20] {Les} found those keys on the keyboard ese? :)
[09:21] {dino} seno
[09:22] {dino} palm
[09:23] {ese} my goodness.......just saw the rimm news.....up 8pts ....
[09:23] {ese} fingers les
[09:23] {ese} fat
[09:23] {Les} bitchin. heard from Cramer not to touch RIMM, but didn't think to watch it premarket
[09:24] {Les} beautiful ascending triangle
[09:24] {nemo} Cramer Contra-indicator
[09:24] {ese} always
[09:24] {nemo} saab going out of business
[09:24] {Les} no. just said that earnings is upon RIMM.
[09:25] {magoo} ko[wr
[09:25] {lasertrev} gm
[09:25] {Les} should have thought to watch it this morning
[09:25] {nemo} what about gm trev?
[09:25] {Les} trev
[09:25] {Threei} trev :)
[09:25] {lasertrev} i dont have one
[09:26] {lasertrev} they make lightbulbs
[09:28] {strider} CECO continuation (down)
[09:29] {magoo} was the ceco news THAT bad?
[09:29] {strider} CELG, PAYX, TTWO
[09:29] {Threei} mags :)
[09:29] {nemo} could lose accreditation, which would make their diplomas about as valuable as the dollar
[09:30] {Les} RIMM coming back to earth
[09:32] {dino} pot 110
[09:32] {Les} CECO bounce coming?
[09:32] {magoo} carefu;l
[09:32] {nemo} wow rimm
[09:33] {fernp} Quadruple Witching today
[09:35] {fernp} UUP halted
[09:36] {strider} decided to just cancel the dollar?
[09:36] {Threei} lol
[09:36] {nemo} I have it up .01
[09:37] {dino} same
[09:37] {dino} 322k sh
[09:38] {nemo} mmmhhh I have 313 k
[09:38] {fernp} SBAC interesting
[09:38] {nemo} crist T&S on RIMM is causing my screen to smoke
[09:39] {dino} 322,800
[09:39] {strider} TTWO strong
[09:39] {dino} i am from the future tho
[09:39] {strider} dinos are supposed to be extinct.
[09:39] {Threei} Short Setup: RIMM .35 break half lot
[09:39] {dino} not on other planets
[09:40] {Threei} if stays under .50
[09:40] {Threei} invalidated
[09:40] {nemo} ow
[09:41] {dino} pot more blood, down about 20 pts this week
[09:41] {magoo} ceco destroyed
[09:41] {Threei} back again
[09:41] {Les} what's with FCX?
[09:41] {Threei} maybe with .55 stop
[09:41] {fernp} SBAC 1:2
[09:42] {Threei} 1:1 in a hurry
[09:42] {Threei} and more
[09:42] {Les} ooh yeh
[09:42] {Threei} out
[09:43] {strider} my lvl2 2 was running behind T&S, missed it.
[09:43] {dino} 'snta
[09:43] {Les} fcx
[09:43] {nemo} strider, change your quote server to 17 or 18
[09:44] {strider} k. was on 20
[09:44] {nemo} when you see tht happen, change the quote server
[09:45] {strider} I do. thanks.
[09:48] {magoo} usually its a server wide issue
[09:48] {Les} fcx .80 trigger with 77 stop Vad?
[09:48] {magoo} u east coaste stripper?
[09:48] {strider} yep
[09:48] {strider} NC
[09:48] {magoo} its an EAST coaste problem
[09:48] {Threei} doesn't feel right les
[09:49] {Les} it is acting strangely...
[09:50] {Threei} Short Setup: RIMM .50 break half lot
[09:50] {Threei} if stays under .70
[09:52] {Threei} (IQ) Iraq Deputy Interior Minister: Around 11 Iranian soldiers crossed into Iraq, have not withdrawn
[09:52] {Threei} - Notes there have been several incursions into the area over the last several days
[09:52] {Threei} - Not presently mulling a military response to the situation, awaiting orders
[09:52] {Threei} - Seeking a calm response to oilfield incursion
[09:55] {strider} short CECO .50
[09:55] {Les} CECO not shortable at IB
[09:55] {nemo} sucks being you
[09:55] {dino} lol
[09:55] {magoo} maybe..maybe not..tbd
[09:56] {dino} tyy
[09:56] {dino} nah
[09:56] {Les} :P :P :P
[09:56] {fernp} WFC if breaks .20, Vad?
[09:56] {Threei} how did you know I jujst looked at it
[09:57] {fernp} cameras
[09:57] {Threei} most likely yes, fern, I'd just want couple more minutes of consolidation
[09:57] {nemo} rimm in concentric triangle
[09:58] {dino} mos hl l .50
[09:58] {Threei} looks good fern
[09:58] {fernp} in
[09:59] {fernp} stop above .30?
[09:59] {Threei} depends
[09:59] {ese} ok i missed that conversation....why are udn and uup halted
[09:59] {Threei} .25 is possible too, for bigger size and "extreme scalping"
[09:59] {strider} out CECO +.08
[10:00] {strider} didn't do what I wanted.
[10:00] {Threei} "news dissemination" ese
[10:00] {ese} tks
[10:00] {dino} illusion es
[10:00] {Threei} lol
[10:01] {Threei} (SP) Spain to decide on winning bid for Madrid gas assets in next few days
[10:01] {Threei} fern... what are you guys doing over there...
[10:01] {fernp} I know nothing
[10:02] {magoo} are u calling WFC long?
[10:02] {nemo} what's the stop
[10:02] {Threei} no
[10:02] {magoo} i was confused
[10:03] {dino} mos stopped -.27
[10:06] {strider} NWBI opens at 10:30
[10:06] {strider} Northwest Bank
[10:06] {dino} fds sm l .95
[10:08] {strider} FactSet remains at premium despite sell-off yesterday, says Auriga
[10:08] {strider} Auriga believes FactSet shares continue to trade at an unsustainable valuation premium even after yesterday's sell-off. The firm keeps a Sell rating and $54 price target on shares following the company's weaker than expected Q1 results and guidance. :theflyonthewall
[10:11] {nemo} wfc looking like a breakout
[10:11] {Threei} FCX too
[10:12] {Threei} things are narfrow though
[10:12] {Threei} and RIMM forms right ranges direction wise but too wide risk control wise
[10:12] {Threei} look how that .50 break would have workesd
[10:13] {Threei} but stop would have to be not very reasonable
[10:13] {fernp} out WFC
[10:13] {nemo} stopped wfc
[10:15] {magoo} lomng fcx .13
[10:21] {magoo} out
[10:21] {Les} GLD
[10:21] {strider} short HOG .16 stop .hod
[10:22] {magoo} + dime
[10:23] {magoo} was waiting .37
[10:23] {fernp} SPY breaking lod
[10:23] {magoo} it mmade .31..sigh
[10:23] {magoo} good out before his pllbk tho
[10:23] {Threei} very
[10:24] {magoo} vads been giving me lessons on patting ones own back
[10:24] {Threei} just don't forget to warm up the arm
[10:24] {magoo} i knew i forgot something
[10:24] {magoo} ouch
[10:24] {Threei} that shoulder joint is vulnerable
[10:25] {Threei} and cuff rotator needs good lubrication
[10:27] {magoo} ya ya
[10:28] {Les} gg/auy bounce before b/d?. looking weak
[10:28] {nemo} cat near pivot, consolidation and break below .52 coul be good short
[10:28] {Threei} GG looks to me topping out on bounce
[10:32] {Les} short cat .46
[10:32] {nemo} support at .40
[10:33] {nemo} ad then .22
[10:33] {Les} ta
[10:33] {strider} short CAT /.50
[10:33] {nemo} cool
[10:34] {strider} stop .60
[10:35] {Threei} CAT is an interesting case here
[10:35] {Threei} you can keep a stop as for short,
[10:35] {Threei} but hold it for more on a profit side
[10:36] {Les} that would be nice will od
[10:36] {Les} do
[10:36] {Threei} ummm
[10:36] {Threei} I meant keep stop as for scalp
[10:36] {Les} I'll take .60 as stop
[10:36] {Threei} right
[10:37] {Threei} just above
[10:37] {fernp} HOV .05 Vad?
[10:37] {nemo} fcx
[10:37] {Threei} naaaah
[10:38] {Threei} this is a stock that will appply water torture to water torturers
[10:38] {fernp} ty
[10:38] {Les} lol
[10:38] {nemo} can't be worse than you
[10:38] {Threei} remember your yesterday's MU?
[10:38] {nemo} sorry
[10:38] {fernp} y
[10:38] {strider} whack the futs
[10:38] {Threei} HOV will make MU looking like ball of fire
[10:38] {fernp} lol
[10:40] {Threei} by the time MU puts pants and drags itself to the kitchen to make coffee, HOV may or may not stick its first leg from under the blanket
[10:40] {nemo} volumes high
[10:42] {Threei} UUP
[10:42] {Threei} NEW YORK--(BUSINESS WIRE)--DB Commodity Services LLC today announced that new creations of the PowerShares DB US Dollar Index Bullish Fund (NYSE Arca: UUP) are temporarily suspended pending clearance and declaration of effectiveness of a registration statement for 240,000,000 additional shares by the US Securities and Exchange Commission, the Financial Industry Regulatory Authority and the National Futures Association. To manage exceptional investor demand for UUP, DB Commodity Services filed a registration statement for additional shares on Dec. 8, 2009.
[10:42] {Threei} Market Internals update at 10:30amET
[10:42] {Threei} - NYSE volume 768M shares, about 190% above its three-month average; advancers lead decliners by 1.3:1.
[10:42] {Threei} - NASDAQ volume 753M shares, about 41% above its three-month average; advancers lead decliners by 1.6:1.
[10:42] {Threei} - VIX index -1.5% at 22.13.
[10:42] {Threei} **reminder: volume is heavy today on quadruple witching of options and futures, and the index rebalancing occurring today.
[10:43] {Les} does christmas holidays begin for traders this afternoon?
[10:43] {nemo} fcx
[10:43] {nemo} sorry
[10:43] {ese} driving the kids to school....see you in an hour
[10:43] {Threei} it's a personal choice
[10:44] {Les} no, not us
[10:44] {Les} Wall St.
[10:44] {strider} stopped CAT
[10:44] {strider} +.13 HOG
[10:44] {Threei}
[10:44] {Threei}
[10:46] {Threei} December 24 Early Market Close*
[10:46] {Les} does volume get even lighter than in recent days?
[10:46] {Threei} December 25 Christmas Day Closed
[10:46] {Threei} volume is quite decent today
[10:47] {magoo} wheres the RIMM boubnce boss?
[10:47] {Threei} from under 69
[10:50] {Threei} BBY
[10:50] {Threei} Best Buy Co Inc To offer free HTC Andriod ERIS phone to certain Best Buy Reward Zone members from Dec. 18 through Dec. 26 with 2 year contract
[10:50] {Threei} - The smartphone is retail priced at $99 with new two-year activation.
[10:52] {Threei} this should be last leg for RIMM mags
[10:52] {nemo} 68.20
[10:53] {Threei} .40, IMO
[10:53] {nemo} yeah,in that area
[10:55] {nemo} guess it's making a stand here
[10:57] {strider} scalpedd +.14 RIMM
[10:57] {fernp} ACI short 21 break, Vad?
[10:57] {nemo} nj
[10:59] {Threei} probably yes
[11:02] {ilana} RIMM +.27 ty magoo, vad
[11:02] {Threei} gj
[11:05] {magoo} nice..i hit it too
[11:05] {magoo} good read vad
[11:05] {magoo} ty
[11:06] {Threei} I really expected it to dive one last time under .50
[11:08] {fernp} 1:1 ACI
[11:09] {fernp} ty Vad
[11:09] {Threei} yup nice one
[11:10] {magoo} FCX vad..retarted
[11:12] {strider} RIMM making c&h......whatcha think, vad?
[11:13] {Threei} looks to me like short on 69 break rather
[11:13] {dino} s/p open gap fill
[11:14] {Threei} or long on .20 break
[11:14] {strider} POT ma be looking for a bottom.
[11:14] {Les} CAT
[11:14] {strider} thx
[11:15] {magoo} long IF mkt responds imo
[11:17] {Les} short fcx .70
[11:19] {Threei} covering RIMM
[11:20] {Threei} 1:1
[11:20] {Threei} Draft document from environmental summit: wealthy nations should reduce emissions by 80% by 2050
[11:21] {Les} half the coastline will be underwater by then
[11:21] {Threei} I agree, I won't live that long anyway
[11:21] {strider} no more beans for nemo.
[11:21] {Threei} 'cause Al Gore said so les? {G}
[11:21] {Les} who?
[11:22] {Les} no, greenland and arctic icesheets enough to do the job
[11:22] {magoo} well..we all dead 2012
[11:22] {strider} how can half the coastline be under water? It's all at the same level.
[11:22] {dino} lol
[11:23] {strider} The coastline is wherever it is.
[11:23] {magoo} pretty intelligent ..why u a stripper?
[11:24] {Threei} 'cause it's a smart thing to do?
[11:24] {strider} Philosopher in a former life.
[11:24] {strider} dino, whatcha think of POT?
[11:25] {Threei} some scientists argue that those parts of ice that are underwater won't impact water level when they melt, since they are already underwater,
[11:25] {magoo} POt was downgraded this morn
[11:25] {strider} DUH
[11:25] {magoo} could rot
[11:25] {Threei} and those are above waterline decrease pressure on the land when melt
[11:25] {fernp} BYD is a trap, Vad?
[11:25] {Threei} so it can rise keeping coastline on more or less the same level
[11:26] {strider} Whew!
[11:26] {Threei} hard to tell fern...
[11:26] {dino} not sure strider, bounce yes, but where
[11:26] {Threei} slow and narrow
[11:26] {strider} Prolly a short below 106.
[11:26] {strider} make magoo happy.
[11:28] {dino} lots of stuff destroyed this week
[11:28] {strider} HOG to the slaughter.........
[11:28] {strider} not that there's anything wrong with that.
[11:32] {strider} Here's some pics of my _notharley.
[11:33] {Threei} cool!
[11:33] {Les} you a bikey gang member strider?
[11:33] {patience} very
[11:33] {fernp} HGSI dbi
[11:34] {strider} yeah, got a problem with that?
[11:34] {dino} lol
[11:34] {strider} :D
[11:34] {Les} lol
[11:35] {strider} We have people all take care of business, ya know.
[11:35] {Les} Australia's passing laws against people like you
[11:35] {fernp} HGSI valid dbi, Vad?
[11:35] {Threei} sure
[11:35] {Les} CAT
[11:37] {magoo} is that u in pic?
[11:37] {Threei} lol...
[11:37] {Threei} can you imagine him posting pics of some random guy?
[11:37] {fernp} nice pics, strider
[11:37] {Threei} and for some reason showing them to us?
[11:38] {Threei} "hey, look at the guy I saw at the roadside"
[11:38] {Les} nice countryside
[11:38] {Les} I am so use to hearing america is this or america is that..
[11:38] {Les} quite refreshing to see it is beautiful as well
[11:39] {Threei} you are kidding Les
[11:39] {magoo} where was pic of stranger taken?
[11:39] {Threei} it's a stunning country
[11:39] {Les} yeh but all I read is about washington, wall st, people getting tossed out of their houses etc...
[11:39] {Les} quite depressing
[11:40] {Les} short CAT .80
[11:40] {magoo} STRIDER..why u blowing me off here?
[11:40] {strider} Appalachians are my home.
[11:41] {strider} Excuse me, magoo?
[11:41] {Threei} Les... just for one example, look up Yosemite National Park
[11:43] {magoo} np
[11:44] {Threei} reminds me how in USSR we were taught that all that is ahppening in USA is endless trikes by severely opressed working class, lynch mobs on the streets, hunger strikes, police fighting riots etc
[11:45] {strider} I thought you were ready to short POT on a break of low, mags.
[11:46] {Les} no I've seen enough wiki photos vad
[11:46] {Les} but background of every photo strider is in - very pretty
[11:47] {Threei} oh admit it... it's strider himself that lights landscape up
[11:47] {strider} ahem.
[11:47] {Les} yes very pretty too ;)
[11:47] {Les} fcx db?
[11:47] {Threei} there... I have the gift of goading people out of their closets
[11:48] {Les} :/
[11:48] {Threei} I'd bnunt for another break on it
[11:48] {strider} Les, here's some photos of my birthplace in east Tennessee. 4 season.
[11:49] {nemo} rimm break?
[11:50] {nemo} that would be yes
[11:50] {Threei} I think so
[11:50] {strider} what's the trigger?
[11:50] {nemo} stop was a bit wide
[11:50] {fernp} strider, you never short HOG, no? . is that a sacrilege? :-)
[11:50] {nemo} volume was right though
[11:51] {nemo} ride a Vulcan for crissakes
[11:51] {strider} I got no stake in HOG. Ride a Kawasaki.
[11:51] {dino} gut says rally coming
[11:51] {nemo} trigger was .30
[11:51] {strider} rewind.
[11:51] {Threei} ok, who wants to see a Big Bird with his carefully maintained vehicle?
[11:51] {nemo} is that your beer gut talking Dino?
[11:51] {Les} you mean sesame street?
[11:52] {strider} POT may be a little more interesting now.
[11:52] {Threei} I mean Raven
[11:53] {nemo} He hasn't clucked in this morning
[11:53] {fernp} i want to see it
[11:53] {Raven} lol
[11:53] {nemo} you marry your cousin Raven?
[11:53] {Les} let's have it Vad
[11:53] {Threei}
[11:53] {Raven} sure nemo
[11:54] {nemo} Edgar in the flesh
[11:54] {Threei} is it a spot I see you missed on the hood when washing?
[11:54] {fernp} nice car
[11:54] {Les} jeez I feel old when I look at my children
[11:54] {Les} young when I look at you guys
[11:55] {dino} meli sm l .23
[11:55] {Raven} lol ... that pic was taken in 1934
[11:55] {nemo} When did the Beetle come out?
[11:55] {nemo} wasn't until after WWII I think?
[11:56] {Les} ,no 1932 I think
[11:56] {dino} 60s
[11:56] {Les} Hitler unveiled first beetle
[11:56] {nemo} That early in Germany les?
[11:56] {Raven} sheesh ... lots of range there
[11:56] {nemo} No, Les might be right, it was available over there much earlier
[11:56] {nemo} The orignal "people's car"
[11:57] {ilana} in 1938
[11:57] {ilana}
[11:57] {nemo} I was just gonna' say,, did you "wiki" it
[12:01] {Les} aggressive short of FCX .00 with .15 stop?
[12:01] {strider} Back in an hour.
[12:01] {strider} We got a little snow here this morning.
[12:01] {nemo} scalp it les
[12:02] {Les} too late
[12:02] {fernp} CEPH breaking .90
[12:02] {nemo} might be getting an inverted Dandruff formation on FCX
[12:07] {ese} i'm back
[12:07] {nemo} happy day
[12:07] {ese} lol
[12:08] {nemo} Suuuuunnnnny Day, Chasing the Cloooouuuuds awaaaaaay.....
[12:08] {nemo} oy
[12:08] {nemo} where are my meds
[12:08] {patience} ese is getting to you nemo
[12:08] {Threei} look at IMAX daily
[12:08] {Threei} patience... you sure you can tell who of them is getting to whome?
[12:08] {ese} worst week of the year for me to trade in......too many shows...too many concerts........,can't ocus in on the trade
[12:09] {ese} lol
[12:09] {fernp} 23 break is interesting
[12:09] {fernp} 13
[12:10] {nemo} scared me fern
[12:10] {ese} speaking of shows....patience and vad....the Vic High Band with John Gogo and former CBC personality Scott Walker are at St. Annes Academy tonight at 7:00pm
[12:11] {Threei} cool
[12:11] {ese} what ere ya up ta this evennin?
[12:12] {nemo} cat .25 long
[12:14] {Threei} will ask this gal ese
[12:14] {Threei} you know
[12:14] {Threei} one who runs my social life
[12:14] {Threei} are there tickets or entry by donation?
[12:15] {Threei} FCX dandruff formation works
[12:16] {ese} tickets are at the door.....but i'm not sure what they are?
[12:16] {Threei} well... I suspect my budget can handle it
[12:16] {Threei} just asking about mechanics of getting in :)
[12:17] {ese} the theatre/auditorium is on the west side of the building........there is parking over there
[12:20] {dino} gut had it
[12:22] {dino} fsys
[12:22] {dino} sm l .50
[12:23] {dino} mos moving, maybe pot follows
[12:31] {Threei} btw
[12:31] {Threei} watched Inglorious Basterds yesterday
[12:31] {Threei} fits ever Tarantino movie I was absolutely cold to
[12:31] {dino} good?
[12:32] {Threei} IMO... skip it safely
[12:32] {dino} hmmm
[12:32] {Threei} and I am a tarantino fan
[12:32] {dino} i watch burn after reading last week, horrible
[12:33] {Threei} out of my three most favorites movies,, two are his
[12:34] {Threei} tells you something about how much I like what he does... but this one is just...
[12:34] {Threei} not anywhere even close to anything he's done before
[12:34] {Les} no, I have that film still wrapped in plastic. Have I wasted my money?
[12:34] {Threei} well... these things are too individual
[12:34] {dino} you want to watch some stupid, funny stuff, get the american pie collection
[12:35] {Threei} let's set some bottom line les...
[12:35] {Threei} my favs, not necessary in a certain order:
[12:35] {Threei} Once Upon a Time in America
[12:35] {Threei} Pulp Fiction
[12:35] {Threei} Kill Bill
[12:35] {Threei} if you like these, you'll likely to be cold to Basterds
[12:36] {Les} no plot, no stirring dialogue?
[12:36] {Threei} there is a plot...
[12:37] {Threei} it's just not very interesting, not enfafing
[12:37] {Threei} engaging
[12:37] {Threei} no tension he usdually creates so masterfully
[12:38] {dino} i have to watch, it's a wonderful life again
[12:38] {Threei} almost all his films are gory, to this or that degree, but he manages to make it elegant
[12:38] {Threei} not much elegance here
[12:42] {ese} gotta appologies for not contributing much's the natre of being a musician at christmas
[12:42] {ese} cya
[12:42] {dino} cya es
[12:42] {Threei} take care ese
[12:43] {ese} these days....nature
[12:43] {fernp} bye ese
[12:43] {dino} no worries
[12:45] {magoo} AVIAWEV?
[12:46] {Threei} no...
[12:46] {nemo} what?
[12:46] {Threei} lol
[12:46] {nemo} new acronym
[12:47] {magoo} ask vad if any will evolve
[12:47] {magoo} victorious
[12:47] {Threei} oh boy
[12:47] {Threei} this is getting complicated
[12:47] {nemo} DILLIGAF!
06[12:47] * Threei slaps nemo around a bit with a large unanswered dcc
[12:47] {magoo} and it was too simplify
[12:49] {nemo} frick....missed rimm break
[12:49] {Threei} I didn't believe in it
[12:49] {Threei} still don't
[12:49] {nemo} what?
[12:50] {Threei} RIMM break
[12:50] {nemo} well, it's amost 1:2 already
[12:51] {nemo} the 200, and BB 13 crossed at that large candle
[12:51] {Threei} so what... I don't beluieve in it anyway
[12:52] {nemo} What...think they're voodoo or somethin'?
[12:53] {Threei} aren't they?
[12:53] {nemo} of course
[12:53] {nemo} as long as they work
[12:53] {nemo} where's that chicken?
[12:53] {nemo} no frickin' virgins for miles
[12:54] {Threei} you live in tiger woods neighborhood?
[12:54] {nemo} oh yeah, the waitress and the cougar
[12:54] {nemo} I haven't seen a crash and burn story like that since the NY Governor
[12:58] {nemo} fcx just hit support at .56
[13:01] {dino} out meli .67 ave, +.44
[13:01] {fernp} gj dino
[13:02] {dino} ty
[13:02] {dino} started slow
[13:02] {Threei} nice one
[13:03] {dino} fsys stopped, -.30
[13:08] {fernp} USB .15 break, Vad?
[13:09] {Threei} if you are willing to fight for 5 cents...
[13:09] {Threei} chart is right
[13:09] {Threei} just slow
[13:09] {fernp} I am willing to fight for 1 cent
[13:10] {Threei} lol... lowring your standrards aren't you
[13:11] {fernp} USB not followinf FAS FAS broke hod some minutes ago...
[13:13] {Threei} you have two cents
[13:14] {magoo} vwuematca?
[13:14] {fernp} offering at .20
[13:15] {fernp} out
[13:15] {Threei} cool
[13:15] {magoo} trans=vad, will u ever make a trade call again?
[13:16] {Threei} no
[13:16] {Threei} ever
06[13:16] * nemo slaps magoo around a bit with a large lead pipe cinch
[13:16] {strider} Oh, this is an interesting conversation.
[13:16] {Threei} I quit that... cold turkeyt
[13:17] {strider} OK. I'll start making the calls....send your checks to me every month.
[13:20] {ilana} will the mail ever get to Appalacheys (not sure about the spelling)
[13:21] {dino} pot lod
[13:23] {strider} yes, ilana. Mail comes by the train. Once a week.
[13:23] {strider} You go down to the station, and for a nickel,, they'll read your letters to you.
[13:24] {ilana} and read the cheques... nice
[13:24] {strider} just cash those at the general store.
[13:25] {ilana} vad is quite = agrees.. .
[13:25] {dino} ebix sm l .91 stop lod
[13:26] {Threei} I am generally very agreeable
[13:26] {strider} dino, that's the wierdest chart I've ever seen.
[13:27] {fernp} Vad, USB +.17 from my entry. I sold with +.05 UNFAIR!!
[13:27] {strider} Is this "find the popes in the pizza" contest?
[13:27] {Threei} why
[13:27] {Threei} it's fair
[13:27] {Threei} leave something for others
[13:27] {Threei} otherwise no one will come out tomorrow to play with you
[13:27] {fernp} yor are too good person
[13:27] {dino} lol strider, if you follow me you will see strange stuff
[13:27] {fernp} xMas
[13:28] {dino} holds low well, look at 5 day
[13:28] {ilana} on 5 min chart it makes more sence, strider
[13:28] {strider} big honkin' triangle?
[13:29] {strider} on 15 min.
[13:29] {dino} 5 day every day jubs to mid 45s
[13:29] {strider} yeah. 5min. is better.
[13:29] {dino} jumps
[13:29] {strider} that's sneaky.
[13:30] {dino} meli similar
[13:30] {Les} WFC 27 break?
[13:31] {Threei} I am torn on WFC
[13:31] {Threei} 27 break for long or .90 break for short
[13:31] {Les} cool
[13:31] {Threei} both look attractive
[13:31] {Threei} and volume fkattened out
[13:31] {Threei} so can't tell which is more likely
[13:32] {strider} QQQQ is very differnt from Spy today.
[13:33] {ilana} can you in laser define the volume color based on buying and selling?
[13:33] {dino} fsys lod
[13:33] {strider} no
[13:33] {strider} no, ilana.
[13:33] {ilana} shame... that would help
[13:34] {Threei} on T&S only
[13:34] {Threei} not on chart
[13:41] {strider} Just read the other day that you can link
[13:41] {strider} Esignal to Laser.
[13:43] {Threei} study showed bourbon causes worse hangover than vodka
[13:43] {nemo} makes sense
[13:44] {strider} potato water.
[13:44] {nemo} corn water, what's the issue
[13:44] {Les} if corn can make ethanol, little surprise it gives people headaches as bourbon
[13:44] {ilana} gotta go, have a great weekend
[13:44] {Les} ciao
[13:44] {Threei} have a great one ilana
[13:45] {strider} see ya, ilana.:)
[13:45] {fernp} bye ilana
[13:45] {strider} POT nice breakdown of consolidation.
[13:45] {Les} vad, partialled out at .85 on WFC from .90
[13:46] {Les} am I right thinking wfc gonna b/d again?
[13:46] {Threei} you 5 cents pickers, lol
[13:46] {Les} I've lost some big m oney tonight being greedy
[13:46] {Les} well, big money for me...
[13:46] {Threei} it nears 1:1
[13:46] {Les} here comes my 10 cents
[13:47] {Les} I stupidly let 1:1 in FCX go by for more profit and then turned it into big loss as it turned with market at midday. ouch!
[13:48] {Threei} wait
[13:48] {Threei} OK, you let 1:1 go
[13:49] {Threei} not good but
[13:49] {Threei} but more importantly:
[13:49] {Threei} how do you let it turn into BIG loss?
[13:49] {Threei} one thing is, after 1:1 is reached, stop goes to b/e
[13:49] {Les} oh, ok
[13:49] {Threei} and even if you refuse to do that (no good but),
[13:50] {Les} out wfc
[13:50] {Threei} worst case scenario it hits your original stop loss
[13:50] {Threei} which is what you were willing to risk from the get go
[13:50] {Threei} now, if you don't take that stop and let it go fyrther against you...
[13:51] {Les} yeh hit original stop loss, wasn't happy cause it was .20 cents.
[13:51] {Threei} that IS a problem
[13:51] {Threei} but it was your risk from the start
[13:51] {Les} don't like taking 20 cent loss...
[13:51] {Threei} if it's big risk for you, why do tyou take this kind of trades?
[13:51] {Les} not big risk, but losing pisses me off
[13:52] {Threei} ponder this over weekend:
[13:52] {Threei} you WILL lose while losing pisses you off
[13:52] {Threei} you will start making money when losing becomes part of routine
[13:52] {Les} yes and no
[13:52] {nemo} paradox of trading
[13:53] {Threei} if losses piss you off, it means one thing only:
[13:53] {dino} fsys sm l .51 last try
[13:53] {Threei} you don't have right approach to trading incorporated in your thinking
[13:53] {Les} I will start making money when I stop squeezing trades
[13:53] {Les} I exaggerate
[13:53] {Les} losing doesn't really piss me off
[13:53] {Les} perhaps its this market at present
[13:53] {Threei} I suggest you think about what I said
[13:54] {Les} squeezing trades that don't come good too often
[13:54] {Threei} and make up your mind
[13:54] {Threei} 'cause when you say
[13:54] {Les} then a good trade becomes a loss...
[13:54] {Threei} [13:51] {Les} losing pisses me off
[13:54] {Threei} and
[13:54] {Threei} [13:53] {Les} losing doesn't really piss me off
[13:55] {Les} yeh yeh
[13:55] {Threei} I find it a bit hard to produce sound advice {G}
[13:55] {Les} I need to have scalpers mind set when it is scalpers market
[13:55] {Les} Losing through expectatios and greed that aren't met in present market
[13:55] {Les} expectations
[13:57] {Les} will try typing up your trading mantras this weekend for a change of habits come 2010
[13:57] {Les} my own trading mantras, not yours...
[13:58] {Threei} right, why bother with mine
[13:58] {Threei} they are only working for me for the last 11 years
[13:58] {Les} you know what I mean
[13:58] {Threei} sure... but I can't resist temptation
[13:59] {Threei} realize this les:
[13:59] {Threei} whatever particular problem you are dealing at some particular moment isn't very important
[13:59] {Threei} they will come and go
[14:00] {Threei} general underlying principle is important:
[14:00] {Threei} your mental balance comes from the right philosophy
[14:00] {Threei} if you find yourself pissed off, whatever the cause is at the given moment,
[14:00] {Threei} it means something is imbalanced in your core approach
[14:01] {Threei} until you work out the general understanding what market is,
[14:01] {Threei} how it works,
[14:01] {Threei} what trading is,
[14:01] {Threei} what your place in the market is,
[14:01] {Threei} what role you play in trading,
[14:01] {Threei} how you interact with market
[14:02] {Threei} you will stumble onto reasons to get frustrated
[14:02] {Threei} reasons will change
[14:02] {Threei} frustration will remain
[14:02] {Threei} the closer you are to the right attitude about market, trading and yourself
[14:02] {Threei} the more balanced you are
[14:03] {Threei} and the better your trading is
[14:03] {Threei} think of this interesting phenomena:
[14:03] {Threei} beginners oftyen find the seciond and third part of TTR especially useful
[14:04] {Threei} as they mature as traders,
[14:04] {Threei} they come to conclusion that it's a first part of TTR that is most useful for them
[14:04] {Threei} part that talks about general understanding of what market is and how we interact with it
[14:06] {Threei} did I sucessfully put you all to sleep?
[14:06] {nemo} coma
[14:06] {strider} THat was good, vad.
06[14:06] * nemo slaps Les around a bit with a large razor wire wrapped 2X4
[14:07] {Threei} ty strider
[14:07] {dino} zzzzzzzzzzzzz
[14:08] {strider} I am now having periods of relative clarity, still interspersed with periods of cloudiness.
[14:08] {nemo} that's Alzheimer's
[14:08] {strider} This is my 2nd green week since I've been here.
[14:08] {strider} Not much. but something.
[14:08] {Threei} well, the sooner you eschew obfuscation
[14:09] {nemo} great tree-hugging lefty
[14:09] {Threei} while silmutaneously espousing elucidation
[14:09] {dino} out fsys .91, +.40
[14:09] {Les} I was looking forward to green week 1st time strider, but blew it today.
[14:09] {dino} fds to .25
[14:10] {dino} imo, most beginners try too hard
[14:10] {strider} That's easy to do....blowing a week with Friday excesses.
[14:10] {fernp} AKS if breaks 20, Vad?
[14:10] {dino} as patience would say, "be patient"
[14:10] {strider} And milk the papertrading for all it's worth.
[14:10] {Threei} same as they all are fern
[14:10] {strider} Just remember that real money will create a whole different set of emotions.
[14:10] {Threei} will work for a small move if market helps
[14:10] {Threei} chart is right
[14:11] {fernp} ok. thanks
[14:11] {Threei} les, last word on this by me:
[14:11] {dino} the end
[14:11] {Threei} what I typed above is 1000 times more valuable for your trading than 100 winning calls
[14:11] {Threei} lol dino
[14:12] {Threei} I stringly suggest you not to dismiss it as general blah blah
[14:12] {dino} :)
[14:12] {Les} ok. will delve into TTR for further nuggets of understanding this weekend
[14:12] {Threei} but embrace and espouse with ferocity
[14:13] {Threei} for a short version, just read the last chapter of part I
[14:13] {dino} les, study him, he will make a career for you
[14:14] {Les} now that's an idea.
[14:14] {Les} webcam feed from vad's workplace
[14:14] {nemo} cameras keep breaking
[14:15] {dino} radio joke
[14:15] {nemo} NO...not the radio joke!
[14:17] {dino} lol
[14:17] {strider} all right. the whip.
[14:19] {strider} So, these two irishmen walked out of a bar.
[14:19] {strider} ...........well, that COULLD happen.
[14:20] {nemo} Not really
[14:20] {nemo} They usually fall out
[14:20] {nemo} I'm half Irish by the way
[14:21] {strider} Me too.
[14:21] {strider} Other half, welsh.
[14:21] {nemo} Sicilian
[14:21] {strider} Had a friend visit Wales awhile back.......
[14:21] {strider} she came hope to report her surprise....
[14:22] {dino} fds to .35
[14:22] {strider} "there's a whole country of people who look just like you."
[14:22] {dino} lol fds, makes me think of animal house
[14:22] {strider} fds
[14:22] {strider} sorry
[14:23] {nemo} You mean when the Germans bombed Pearl Harbor
[14:23] {dino} irish here
[14:23] {nemo} Oh, downloaded "Boondock Saints" again the other night...great movie
[14:23] {dino} fds= fat drunk and stupid is no way to go thru life
[14:23] {nemo} well, alot of people do
[14:23] {dino} magoo's on a diet
[14:24] {strider} diet of steak and potatoes?
[14:24] {nemo} I'm on the seefood diet
[14:25] {strider} see food you eat it.
[14:25] {dino} lol
[14:25] {nemo} weight is not an issue for me
[14:25] {dino} he has tb (two bellies)\
[14:25] {strider} one that he wears, and one he keeps the food in..
[14:25] {nemo} He's got a rumen?
[14:25] {Les} .65 b/d in FCX vad?
[14:26] {Threei} yes
[14:27] {Les} in .85 stop
[14:27] {dino} out fds .45, +.50
[14:28] {dino} pot 105s
[14:28] {fernp} 20 cents stop, Les. Adjust your shares
[14:28] {nemo} 106s
[14:29] {dino} ma rockin' today
[14:29] {strider} good trading
[14:29] {nemo} V also
[14:38] {Threei} I am not sujre I got it
[14:38] {Threei} you entered aggressively?
[14:38] {Threei} 'caue at the time of your "in" report it didn't trigger yet
[14:38] {dino} pot 105s again
[14:39] {strider} I forgot what that means, dino.
[14:40] {strider} 105s
[14:40] {strider} heading toward 105?
[14:41] {nemo} look at the sell orders at .50 in rimm
[14:42] {dino} lol, just got a call on that foreclosure bid i won in august. closing monday. the bank, gmac, found 3 additional liens that needed to be satisfied after i won the bid
[14:46] {Threei} so they have to eat it?
[14:46] {Threei} Just 34% Say Passing Health Care Bill is Better Than Passing Nothing
[14:47] {Threei} 43% Believe Tiger Woods Apologies Are Sincere
[14:47] {dino} strider, just that it hit the 105s we talked about hours ago
[14:47] {strider} thx dino......
[14:47] {Threei} 50% Now Say Global Warming Caused by Long-Term Planetary Trends
[14:48] {Threei} 66% Favor Smaller Government With Fewer Services, Lower Taxes
[14:49] {nemo} pot is dangerous
[14:50] {Les} FCX is not much better. Should have had a tighter stop. night all.
[14:51] {fernp} bye les
[14:51] {Threei} played it all wrong
[14:51] {dino} cya les
[14:51] {nemo} yeah, the obvious breaks have been stopped
[14:52] {fernp} [20:28] {fernp} 20 cents stop, Les. Adjust your shares
[14:52] {Threei} aggresive entry should have been with .80 stop
[14:52] {Threei} and drop to .55 gave p;ratcially 1;2
[14:52] {Threei} to take agressive entry and widen stop - makes no sense
[14:52] {Threei} it eliminates one of main advantages of agressive entries
[14:55] {Threei} I never cared for Saab
[14:55] {Threei} but I am sad it's gone
[15:00] {dino} yeah 3i, they had to eat an extra $40k, nice title search
[15:01] {dino} missed your questions
[15:01] {Threei} and we wonder why they are insolvent
[15:02] {dino} i know, crazy
[15:02] {dino} brb
[15:04] {nemo} POTs inthe 105s again
[15:08] {magoo} WFc V
[15:09] {magoo} could RIP dangerous
[15:09] {magoo} could RIPPPPPP
[15:09] {magoo} V like 92
[15:09] {magoo} or not
[15:18] {dino} ebix to .89
[15:21] {magoo} thinking WFC 27.40 area..if we get lucky
[15:21] {Threei} too optimistic, imo...
[15:21] {magoo} V misbehaving
[15:22] {Threei} not enough time for such run
[15:22] {magoo} 27.27??
[15:22] {Threei} you'l be lucky to get 27.15
[15:22] {magoo} oh yes there is..could do it in last 10 minutes
[15:22] {magoo} humbly
[15:25] {magoo} spy could kill me plan
[15:26] {Threei} spies, they do that
[15:30] {strider} Got several inches of fine snow here....still coming.
[15:30] {Threei} yuck
[15:31] {strider} what a grump.
[15:31] {dino} we've been single digit temps this week, snow for couple weeks
[15:31] {dino} in mornings that is
[15:32] {strider} hardly been below freezing at night here. hanging around 30 now.
[15:32] {strider} stores probably had a run on bread and milk this morning..
[15:33] {dino} lol
[15:33] {strider} You'd think people eat nothing but bread and milk.
[15:33] {Threei} strange...
[15:33] {Threei} no steaks?
[15:33] {strider} Around here, vad, they're tied up in the back lot.
[15:35] {Threei} got it, lol
[15:35] {dino} have to leave early, son's basketball game at 4, taking ebix off here, +.04
[15:35] {nemo} cu dino
[15:36] {dino} broke my streak today, slight negative
[15:36] {dino} had 10 in row
[15:36] {nemo} how's your shoulder?
[15:36] {dino} ?
[15:36] {Threei} take care dino
[15:37] {dino} :)
[15:37] {nemo} ahhhhhh
[15:37] {strider} see ya,
[15:37] {Threei} 4 winning days out of 5 this week
[15:37] {dino} gj, same
[15:37] {dino} still running lignht tho
[15:37] {Threei} obfuscation be damned
[15:37] {Threei} long live elucidation
[15:44] {Threei} OK guys, let's have a good weekend
[15:44] {Threei} see you all on Monday
[15:44] {nemo} P&Q
[15:45] {strider} yes
[15:45] {strider} ditto
[15:45] {Threei} congratulations strider
[15:45] {Threei} on things getting on firmer footing
[15:45] {strider} oh, thanks.....small progress.
[15:45] {strider} consistency.
[15:45] {strider} No exciting trades this week. :)
[15:46] {Threei} good