Jan 30 2009

Finally a nice day. Started out with some scalps, couple stops, slightly positive but nothing earthshaking. Then FAS gave us a string of quick scalps making a day much nicer. Glad to finish otherwise tough week on a winning note.

Session Time: Fri Jan 30 00:00:00 2009

[07:49] {hawkfan4} morning

[07:49] {Threei}  good morning

[07:50] {hawkfan4} hey vad, are you able to log in to Laser this morning?  

[07:50] {Threei}  not yet

[07:50] {hawkfan4} ok, thanks, me either

[07:51] {Threei}  I guess quotes are disgusted with themselves

[07:51] {hawkfan4} as they should be :)

[07:51] {hawkfan4} brb

[08:07] {nemo} GM

[08:09] {Threei}  nemo :)

[08:09] {Threei}  JPM

[08:09] {Threei}  CEO JAMIE DIMON: WE WILL NOT SELL ASSETS TO "BAD BANK"

[08:09] {Threei}  - Mark to market accounting exaccerbated crisis but did not cause it

[08:11] {magoo} morn

[08:11] {Threei}  magoo :)

[08:13] {magoo} amzn holds so far

[08:14] {Threei}  BALTIC DRY BULK INDEX +3.3%

[08:19] {magoo} GERN ngapping vad

[08:19] {magoo} any read pre?

[08:19] {Threei}  not yet

[08:19] {magoo} could make its best move pre

[08:19] {magoo} with lower volume

[08:20] {Threei}  this animal is not easy to read even during market hours, lol

[08:22] {cujo} Happy Friday.

[08:23] {magoo} cujo

[08:23] {Threei}  cujo :)

[08:23] {magoo} vad, any news AA{L RIMM

[08:24] {Threei}  no, other than this:

[08:24] {Threei}  01/29/09 07:04pm [DELL] May seek to move into the mobile phone business as early as next month

[08:25] {magoo} ty

[08:26] {hawkfan4} morning all

[08:26] {Threei}  hawk :)

[08:26] {Threei}  no idea what's driving GERN this time

[08:27] {nemo} samething that drove oil:)

[08:30] {Threei}  *Q4 EMPLOYMENT COST INDEX: 0.5% V 0.7%E

[08:31] {nemo} what story just drove FAS?

[08:31] {Threei}  Q4 ADVANCED GDP ANNUALIZED: -3.8% V -5.5%E; PERSONAL CONSUMPTION: -3.5% -3.5%E

[08:37] {Threei}  maniak-depressive market

[08:37] {Threei}  from extreme depression to elation and back in minutes

[08:41] {nemo} larisa :)

[08:41] {larisa} good morning :)

[08:41] {Threei}  pre-emptive greeting, nemo?

[08:41] {Threei}  larisa :)

[08:41] {nemo} ESP

[08:41] {larisa} nemo, threei :)

[08:41] {Threei}  RIMM

[08:41] {Threei}  PRICE TARGET RAISED TO $85 FROM $62 AT BROADPOINT, MAINTAINS BUY RATING

[08:42] {nemo} so...sell?

[08:48] {Threei}  4.2 earthquake in Seattle

[08:49] {hawkfan4} yikes

[08:52] {Threei}  4.6

[08:52] {dino} gm

[08:53] {Threei}  dino :)

[08:53] {cosmo} http://earthquake.usgs.gov/eqcenter/recenteqsus/Maps/US2/47.49.-123.-121.php

[08:53] {Onix} Good morning all

[08:53] {dino} ks dcc please

[08:53] {Threei}  onix :)

[08:56] {Threei}  got e-mail from someone who reads our trading logs saying:

[08:56] {Threei}  in case you are wondering what is behind PALM move,

[08:56] {Threei}  it's about to become a subject of bidding war

[08:56] {Threei}  initiated by DELL seeking entry in smartphone market

[08:57] {Threei}  and continued by AAPL and RIMM trying to prevent DELL from getting hands on PALM's echnoogy

[08:57] {elepet} good morning

[08:57] {cujo} morning el

[08:57] {Threei}  elepet :)

[08:58] {hawkfan4} i heard PALM tries really hard to keep their echnoogy a secret

[08:58] {elepet} and PALM moving up again

[08:58] {Threei}  not that I put any faith into "insider secrets" disseminated by e-mail

[08:58] {nemo} very logical though

[08:59] {Threei}  or have enough industry knowledge to evaluate the probability

[09:00] {dino} dell did announce phone entry last night

[09:00] {Threei}  01/29/09 07:04pm

[09:00] {Threei}  [DELL] Dell Inc May seek to move into the mobile phone business as early as next month - WSJ

[09:00] {Threei}  - Company is said to have a team of engineers working on the phones for over a year, focusing on "smart-phone" models

[09:01] {nemo} No.  But if you look at Dell, it runs from back office to desktop to mobile computing, that's basically what a PALM is, mobile computing.  Apple is primarily desktop, and with the Iphone-mobile computing.  RIMM-mobile computing.  Dell is in both business and consumer.  Apple-primarily consumer, RIMM-primarily business

[09:01] {Threei}  doesn't sound like they are gunning for PALM

[09:11] {ese} god morning

[09:11] {Threei}  ese :)

[09:11] {dino} complex

[09:11] {ese} Vad ,patience Dp.......you guys feel the earthquake about 5:20 am heere?

[09:12] {Threei}  no... reports said 4.6 in seattle

[09:12] {magoo} vad..whats the setup AMZN today?

[09:13] {Threei}  what do you mean today

[09:14] {Threei}  it's not like there is one setup for the day :)

[09:14] {magoo} well..its gonna be a player

[09:14] {magoo} but it may pullbk..or at open may run

[09:14] {Threei}  yes... but I don't know how to answer your question :)

[09:14] {Threei}  it will shape up to something

[09:14] {magoo} are u moody AGAIN

[09:14] {Threei}  again?

[09:14] {Threei}  ALWAYS!

[09:14] {magoo} ok ALWAYS

[09:15] {Threei}  there

[09:15] {nemo} battle plans only survive until initial engagement

[09:15] {magoo} there we go thinking alike

[09:15] {Threei}  ese, you felt it?

[09:17] {dino} you guys are tense today....take a chill

[09:17] {ese} ya thats what got me up

[09:17] {Threei}  we are dino... earthquake, you know :)

[09:17] {Threei}  wow... how come I haven't heard anything

[09:18] {Threei}  it's not like we are that far from each other

[09:18] {ese} I hate earthquakes.....any other disaster OK but earthquakes..........

[09:18] {Threei}  you would think if quake felt at your part from as far as Seattle, I should have felt it too

[09:18] {ese} at least you can see other things and have a chance to react.....but not an earthquake......

[09:19] {Threei}  sooo... our candidates so far PLAM, GERN, FAS

[09:19] {ese} it just hits you.......not time to react......give me tornados over this

[09:19] {Threei}  AMZN a bit later I think

[09:19] {Threei}  gotta let it calm down a little

[09:20] {dino} you see on trhe moon where i live, no earthquakes, tornados, etc. just snow, ice, cold

[09:20] {ese} I'll take it!!!!!

[09:20] {Threei}  nah... I'll take earthquake over ice and snow

[09:21] {cosmo} i like snow

[09:21] {Threei}  that's because you see it once every 15 years

[09:21] {cosmo} 25

[09:21] {Threei}  I've had my share... won't miss it it for another 25 years

[09:21] {Threei}  and then I die

[09:21] {Threei}  happily

[09:21] {fernp} Hello everybody

[09:21] {Threei}  fern :)

[09:22] {ese} fern

[09:22] {ese} anyway......whats the focus for this morning

[09:22] {Threei}  PREVIEW: JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET

[09:22] {Threei}  **consensus expectation: 61.9e v 61.9 preliminary

[09:22] {Threei}  - analyst estimates range between 60 and 65

[09:23] {Threei}  PALM, GERN, FAS, RIMM, AMZN

[09:23] {Threei}  and whatever scanner spits out

[09:23] {nemo} If you play FAS doesn't that bring FAZ in also...why or why not?

[09:24] {nemo} I mean...Yin and Yang, if you're into that sort of thing :)

[09:24] {Threei}  FAZ is much more volatile, thin, much hardcer to control risk

[09:24] {Threei}  look how much it dropped vs FAS spike

[09:25] {Threei}  60 cents on FAS vs 4 bucks on FAZ

[09:26] {nemo} yes, although there chart's are mirror images (almost)?

[09:26] {Threei}  sure

[09:26] {Threei}  you can play it if you are into that sort of thing, using FAS for read

[09:26] {Threei}  as it has smoother charts and easier triggers and stop to define

[09:26] {nemo} yeah, I like pain

[09:27] {nemo} oh "their charts"  damn english

[09:27] {cosmo} JNPR

[09:28] {cosmo} 15.43 hod

[09:36] {Threei} Long Setup:  RIMM  .50 break half lot

[09:37] {Threei}  stop under .30

[09:39] {Threei}  1:1

[09:39] {KSystems} took scalp

[09:39] {KSystems} thank you

[09:39] {Threei}  welcome

[09:40] {Threei}  GERN nears 8.50 resistance on daily

[09:40] {cujo} thanks Vad

[09:40] {cujo} great call

[09:40] {Threei}  in its usual jerky manner

[09:41] {Threei}  pullback to about .30 would be safer way to try it

[09:41] {dptl} gm all

[09:41] {Threei}  but overall, starts shaoing up as a runner

[09:41] {Threei}  dp :)

[09:42] {magoo} ty rimm bosds

[09:42] {Threei}  welcome

[09:42] {Threei}  AMZN, mama mia

[09:42] {Threei}  8.50 wall of offers gives GERN a pause

[09:42] {Threei}  but it should bust through it

[09:43] {Threei}  here is pullback

[09:43] {Threei}  maybe this way:

[09:43] {Threei}  half lot near .30

[09:43] {Threei}  stop under .10

[09:44] {Threei}  and add half lot if breaks .50

[09:45] {Threei}  AN CHICAGO PURCHASING MANAGERS INDEX: 33.3 V 34.9E

[09:45] {dino} larisa you nailed cat breakdown

[09:46] {Threei}  she is off today, will be back on Mon

[09:46] {Threei}  ok, who got GERN, you have options

[09:46] {Threei}  scalp, hold for break and run or add on break

[09:48] {Threei}  bring down that wall GERN

[09:48] {nemo} Thank you Mr. Gorbachev

[09:48] {Threei}  not yet...

[09:48] {Threei}  but should soon

[09:49] {cosmo} no thanks UBSS

[09:49] {cosmo} so far

[09:49] {magoo} a reload .30 area vad?

[09:49] {Threei}  you sold?

[09:49] {magoo} scalp..i am what i am

[09:50] {Threei}  don't know mags

[09:50] {Threei}  hard to tell

[09:50] {magoo} mkts got me in dime mode this week

[09:50] {Threei}  it should be breaking now

[09:50] {Threei}  amgn

[09:55] {Threei}  JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 61.9E

[09:57] {magoo} p[rttyu good RIMM pllbk vad

[09:57] {magoo} Q pullsbk

[09:59] {magoo} lovely mkt 

[10:00] {nemo} yeah like poison ivy

[10:01] {hawkfan4} DRYS crushed again

[10:01] {fernp} cover FITB +.10

[10:02] {magoo} look at AAPL minute chart vad

[10:03] {magoo} 11 red bars

[10:04] {Threei}  not sure what you are trying to derive from that

[10:04] {ese} drys is a buy around that 5 bill mark though

[10:05] {magoo} ugliness

[10:07] {ese} market down days are less and less prolifick do ya mags...?

[10:07] {ese} do you think?

[10:08] {ese} seems to me anyway that we are getting to that point where there are less and less sellers....????

[10:09] {magoo} dunno ES..i kind o f think a retest of lows in feb

[10:09] {magoo} ugly

[10:10] {magoo} skeerry to us mere mortalls

[10:10] {nemo} mags, you lookin' in the mirror in the bathroom?

[10:10] {magoo} THAT DOES IT

[10:10] {nemo} Yeah, pick on the little guy!

06[10:11] * magoo slaps nemo around a bit with a large large heavy book of proper etiquet for newbies with fish smelling name

[10:11] {ese} i'm betting that around Jan 1 we had the right should pu in of a reverse head and shoulders pattern.....

[10:11] {ese} Jan 21....make that

[10:11] {nemo} right in the dorsal...thanks

[10:12] {elepet} palm dying?

[10:12] {Threei} Long Setup:  DRYS  .50 break ig stays above .40

[10:12] {dino} 1194 gap open

[10:13] {Threei}  just goes with market at this point elepet

[10:13] {dino} weekly lows fwiw, 8023, 1169, 827

[10:13] {ese} in 

[10:13] {magoo} in

[10:13] {ese} DRYS

[10:13] {KSystems} in

[10:14] {magoo} that pullbk no effect AMZN

[10:15] {magoo} Q bounce candidate somewhere..not yet

[10:15] {cujo} in

[10:15] {magoo} GERN dead i guess vad

[10:16] {Threei}  for nowe, yeah

[10:16] {dino} ok ndx filled

[10:16] {magoo} half out DRYS here?

[10:16] {magoo} LOL

[10:16] {magoo} scalpers joke

[10:17] {magoo} 60 magnate AMZN..NOT IN

[10:17] {Threei}  market finds no footing

[10:19] {nemo} I'll take one for the team..heading to the powder room

[10:20] {Threei}  magoo's restroom indicator becomes popular

[10:21] {ese} funny mags ....real funny........

[10:21] {magoo} l Q here .40

[10:23] {nemo} no worky

[10:23] {magoo} it is working

[10:23] {magoo} go again

[10:23] {hawkfan4} lol

[10:24] {Threei}  EIA: US NOV OIL DEMAND (REVISED) -7.7% Y/Y

[10:24] {Threei}  Nov?

[10:24] {Threei}  who cares?

[10:25] {ese} have dinos gut feeling from yesterday today........it's gonna be an up day by the end of it...i think the pressure is that way

[10:25] {patience} end of the month selling today

[10:25] {ese} OK mags i'm out half here for .01 profit

[10:26] {ese} just kidding....!!!!!

[10:29] {Threei}  another sharp drop Qs

[10:29] {nemo} good nite Irene...

[10:29] {dino}  feeling the same es. waiting for "bottom"

[10:30] {dino} watching mcd, cat, vsec, deck

[10:30] {nemo} fas closed opeing gap

[10:30] {Threei}  RU) RUSSIA HAS REPORTEDLY SPENT APPROX $4B IN SUPPORT OF ROUBLE IN CURRENT WEEK

[10:31] {ese} the rouble is rubble.......

[10:31] {Threei}  FED BUYING AGENCY DEBT OUTRIGHT; SEEKS DEALER BIDS BY 11AMET

[10:32] {ese} drys....stopped .-11

[10:32] {fernp} stopped DRYS

[10:32] {fernp} cover RF +.10

[10:32] {magoo} stop Q

[10:33] {Threei}  look at AMZN

[10:33] {Threei}  quite remarkable

[10:34] {magoo} if mkt went green it would hit 75 lol

[10:36] {fernp} cover BAC +.21

[10:37] {KSystems} hl l OII .24 stop .88

[10:39] {hawkfan4} CECO .92, stop under .70

[10:39] {magoo} any read GS hawk/

[10:39] {magoo} ?

[10:40] {hawkfan4} not yet, scalped it a bunch, feels stronger today

[10:40] {hawkfan4} but i was way off on it yesterday

[10:40] {magoo} let me knpow

[10:40] {hawkfan4} will do

[10:42] {KSystems} hl l FULT .41 stop .28

[10:44] {dino} mcd sm l .45

[10:44] {hawkfan4} 83 should get it moving mags, like it if market moves

[10:45] {hawkfan4} in .88

[10:47] {magoo} ty

[10:49] {ese} """YOU"""" are not permitted...........to funny that thing

[10:49] {Threei}  just move it to Tatus window ese

[10:49] {Threei}  Status

[10:49] {Threei}  AMZN wants to continue higher

[10:49] {Threei}  however strange it it may look

[10:50] {Threei}  FAS

[10:51] {Threei}  this pullback into .50 looks like entry point

[10:52] {nemo} stop under .35

[10:52] {cujo} in .52

[10:54] {hawkfan4} CECO stop to .84, not thrilled with it

[10:55] {Threei}  feel free to take profit FAS

[10:55] {cujo} out thanks vad

[10:56] {magoo} nice one vader

[10:56] {Threei}  AMZN... another shallow pullback and then break of .50...

[10:57] {Threei}  wanna try small shares?

[10:58] {hawkfan4} out GS .30

[11:01] {hawkfan4} too soon

[11:03] {magoo} in amzn

[11:03] {magoo} waiting .84

[11:03] {magoo} take .60

[11:04] {magoo} kickin it

[11:10] {ese} double bottom in the Q's dino.....up we go ?

[11:11] {dino}  y

[11:12] {KSystems} s sm AMP .99 stop .26

[11:13] {hawkfan4} stopped ceco -.08

[11:14] {dino} good stop

[11:14] {hawkfan4} thx dino ;)

[11:16] {KSystems} s hl BMRN .31 stop .51

[11:23] {Threei}  wow DRYS

[11:23] {Threei}  bottomless

[11:24] {hawkfan4} fugly

[11:25] {nemo} you in the bathroom too Hawk?

[11:25] {hawkfan4} lol :)

[11:25] {dino} under weekly lows

[11:25] {Threei} Short Setup: KLAC  .40 break if stays below .55

[11:26] {dino} 7909,1136, 804 line in sand imo

[11:26] {Threei}  (EU) EU'S JUNCKER: ECB HAS THE SCOPE IT NEEDS TO CUT RATES, EUROPEAN INFLATION HAS DROPPED SHARPLY

[11:26] {Threei}  - ECB should worry less about price stability.

[11:26] {Threei}  - Understands the debate over taking rates close to zero.

[11:26] {Threei}  - Suspects that banks are manifesting a "total aversion" to risk.

[11:26] {Threei}  - G7 will discuss financial market regulation

[11:36] {hawkfan4} GS .32 stop .18

[11:38] {hawkfan4} GERN kinda forming a little bottoming triangle over .77 

[11:38] {dino} this pork fake stimulus plan is being figured out by market players. they do not like it

[11:38] {Threei}  "buy american" too dino

[11:39] {Threei}  recipe for Great Depression, take II

[11:40] {magoo} out .75 TY hawk

[11:40] {hawkfan4} :) cool beans

[11:40] {Threei}  good job guys

[11:41] {magoo} nice read..never negativew

[11:41] {hawkfan4} out .73

[11:41] {KSystems} OII out half +.36

[11:41] {magoo} on hawks part

[11:41] {dino} gj

[11:41] {hawkfan4} thx

[11:41] {Threei}  I jusy saw on TV: Zimbabwe in crisis

[11:42] {_buyemsellem} don't worry they have the trillion dollar note now

[11:42] {Threei}  ty... I feel better

[11:42] {Threei}  started actually worrying for a min

[11:42] {Threei}  MORGAN STANLEY CALLS 3 YEAR US, UK, AND EUROPEAN NOTES 'ATTRACTIVE'

[11:42] {hawkfan4} in GERN , stop .66

[11:47] {dptl} .

[11:48] {Threei}  V

[11:48] {Threei}  second day of indecent strength

[11:52] {dptl} .

[11:52] {dptl} test

[11:52] {Threei}  pro-labor executive orders are coming, per CNN

[11:54] {hawkfan4} watching GS pullback around .55-.60 mags

[11:54] {magoo} k

[11:54] {hawkfan4} in .63, stop under .50

[11:54] {magoo} would like pullbk 

[11:54] {Threei}  KLAC almost 1:1

[11:55] {Threei}  KLAC 1:1 without almost

[11:56] {Threei}  US TREASURY 'S GEITHNER AGREED WITH UK'S DARLING THAT INTERNATIONAL ACTION WA REQUIRED FOR GROWTH; WILL REPORTEDLY MEET TODAY WITH FDIC'S BAIR AND THE FED'S BERNANKE OVER REFORM IN FINANCIAL INDUSTRY

[11:56] {Threei}  - Geither to attend G7 meetings in Italy on Feb 13 and 14

[11:57] {Threei}  UK'S DARLING - sounds so funny

[11:59] {Threei}  anyone holding part of KLAC?

[11:59] {Threei}  or took scalps?

[11:59] {dptl} me

[11:59] {Threei}  ok... stop is trailed of course

[12:00] {dptl} yep

[12:00] {Threei}  and it does look like more weakness is coming

[12:00] {Threei}  wouldn't even try to bounce woth market last time

[12:01] {Threei}  interesting stock just popped up on a scanner

[12:01] {Threei}  unusual for me, too

[12:01] {Threei}  ATHX

[12:03] {dawg} KLAC breaking down again still in

[12:03] {Threei}  here goes KLAC

[12:03] {dawg} alright!

[12:04] {KSystems} AMP out half +.28

[12:04] {Threei}  1:2 is within spit distance

[12:04] {dawg} yessir

[12:04] {dptl} bidding 20

[12:04] {hawkfan4} good call mags, stopped -.13

[12:04] {Threei}  KS puts out irritatingly strong performance for the second day in a row

[12:05] {dino} ks is in the zone (don't mess w/it

[12:05] {KSystems} OII out rest at be

[12:05] {Threei}  I never mess with the guy who has on/off server switch within arm length

[12:06] {Threei}  SENATE REPUBLICANS REPORTEDLY EXPLORING ALTERNATIVE STIMULUS PLAN THAT COULD INCLUDE A PAYROLL TAX CUT

[12:06] {Threei}  - Note: The House vote 2 days ago on the stimulus package passed, yet with no votes by Republicans

[12:07] {Threei}  btw, KLAC stop should be trailed further here

[12:08] {Threei}  to above .30

[12:10] {dawg} OK

[12:11] {Threei}  something just propped the market

[12:11] {Threei}  don't see any news

[12:11] {KSystems} FULT stopped -.13

[12:11] {dawg} luck got out at .13 thank you sir

[12:11] {Threei}  even DRYS is erecovering

[12:11] {Threei}  good job dawg

[12:11] {dawg} ).

[12:15] {Threei}  s far so good

[12:16] {Threei}  not a stellar day by any means but more or less decent, even though not very active

[12:16] {Threei}  I just don't want to push too much, this week was fairlty cold one

[12:17] {Threei}  so, plan at this point is to trade at reasonably low level of activity until performance picks up again,

[12:17] {Threei}  then increase activity

[12:17] {Threei}  sounds good?

[12:17] {hawkfan4} yessir

[12:18] {Threei}  too bad DRYS and FAS got away

[12:18] {Threei}  but that was kind of suckers game at guessing the bottom

[12:18] {dino} lstr

[12:20] {Threei}  good afternoon vinthhombre, welcome

Session Close: Fri Jan 30 12:21:23 2009

Session Start: Fri Jan 30 12:21:23 2009

Session Ident: #discussions

02[12:21] * Disconnected

02[12:23] * Attempting to rejoin channel #discussions

03[12:23] * Rejoined channel #discussions

[12:25] {KSystems} BMRN stopped -.13

[12:27] {Threei}  good afternoon vinthhombre, welcome

[12:28] {_vinthombre} Good afternnon, thanks

[12:28] {Threei}  about that ATHX

[12:29] {Threei}  I don't have clear recipe how to play this kind of stock

[12:29] {Threei}  it's too weird for me

[12:29] {nemo} I'll leave that alone

[12:29] {Threei}  at your discretion guys, who sees play - fine

[12:29] {Threei}  from the way it trades, it's probably not a day trade

[12:43] {Threei}  58 is closest chart support for AMZN

[12:43] {Threei}  it's likely to break it iof tested though, I wouldn't jump in it for bounce just yet

[12:43] {Threei}  rather let it break and look for bounce from under 58

[12:49] {dino} real$ is cracking me up. all the writers wanted obama and dems in the election. now, since they see what garbage they are pushing in the 800 b bill, they are all complaining about same old same old. so much for "change"

[12:49] {nemo} Anyway to play break of resistance on FAS?

[12:50] {Threei}  nemo, it's a valid play but I would prefger to play it conservatively

[12:50] {Threei}  wait for pullback

[12:50] {Threei}  if none comes, you miss the play, big deal

[12:50] {Threei}  but nothing went up without a few shakeouts this week

[12:50] {nemo} Mrs. Lincoln again...bet she wishes they missed the play :)

[12:50] {Threei}  lol

[12:52] {Threei}  9.75 - 9.80 zone is closest support

[12:52] {Threei}  if you tried 9.90 break, you would be in doubt at this point

[12:53] {Threei}  entry closer to .80 gives you beter stop and more comfort

[12:53] {nemo} mighta' just got euphoria spike

[12:55] {Threei}  (RU) RUSSIAN CENTRAL BANK RAISES RATES ON REPO LOANS BY 1%, IN AN EFFORT TO CONTROL INFLATION AND STABILIZE THE EXCHANGE RATE

[12:55] {KSystems} s EAT .91 stop .01

[12:55] {nemo} amazon right now looks like my eeg

[12:56] {nemo} flat

[12:57] {dino} aapl sm l .90

[12:57] {Threei}  your GERN is working nicely hawk

[12:57] {hawkfan4} very

[12:58] {Threei}  there you go nemo... .81 - 82 entry works like charm

[12:58] {dino} they have an inflation problem w/oil's drop?

[12:58] {Threei}  you are already over 1:1

[12:59] {Threei}  compare it with .90 entry... enduring 10 cents pullback and being uo now just 3-5 cents

[12:59] {nemo} yeah...too much gray hair already

[13:00] {Threei}  this kind of entries is the way to go in this market

[13:00] {Threei}  way safer, easier on nerves and more profitable

[13:00] {Threei}  out +.16

[13:00] {Threei}  anyone went for it?

[13:00] {nemo} yeah, trends are 5 minutes...about my attention span

[13:00] {magoo} break up trigg AMZN vad?

[13:00] {Threei}  yup, mine is one of a moth too

[13:01] {hawkfan4} yeah, i much prefer early entries.  can always add if it starts working

[13:01] {nemo} that's insulting the moth

[13:01] {Threei}  can't tell mags

[13:01] {dino} trends? are there any that last more than minutes?

[13:01] {KSystems} AMP rest out b/e

[13:01] {Threei}  dino, their inflation is of different nature

[13:02] {Threei}  rouble drops like crazy vs USD

[13:02] {nemo} just like old times

[13:02] {dino} ahhhh, makes sense or cents

[13:03] {Threei}  deflation of commodities leads to currency inflation in commodity-based country

[13:03] {Threei}  (in a perverse way)

[13:04] {nemo} value of GDP based on commodities, therefore currency follows suit

[13:05] {KSystems} EAT stopped -.11

[13:06] {Threei}  US SENATORS HAVE PROPOSED BILL TO LIMIT EXECUTIVE PAY FOR COMPANIES WHO RECEIVED GOVT BAILOUT FUNDS

[13:06] {Threei}  how come that wasn't a string attached to orginal TARP?

[13:06] {nemo} Paulson?

[13:07] {Threei}  ok... what the heck happened?

[13:07] {Threei}  no news to warrant this

[13:08] {nemo} progras programmed to trade to pivot points on neutral days?

[13:09] {elepet} Remember PAL? I just bought some because it's cheap and I had to buy something. market is too insane.

[13:10] {elepet} and it went up after i bought it.

[13:10] {Threei}  questionable reason for entry, elepet...

[13:10] {elepet} I know. but not much to lose. LOL

[13:10] {nemo} He's having flashbacks to the tech bubble...or maybe a previous life during the tulip craze.

[13:11] {KSystems} s hl AYE .79 stop .01

[13:11] {Threei}  watch FAS pullback

[13:11] {Threei}  long entry from under 10

[13:11] {dino} aapl stop to .45

[13:12] {dino} mcd stop to .85 - all dayer

[13:14] {nemo} fas didn't come to me...like my old dog...bitch

[13:14] {dino} aapl to .55

[13:15] {dino} out aapl .55, +.65

[13:15] {Threei}  wtg

[13:15] {cujo} nice dino

[13:15] {hawkfan4} nice 

[13:16] {dino} ty, sitting around all day...tough to do

[13:16] {Threei}  calling stocks names helps nemo

[13:16] {nemo} I didn't know that?

[13:16] {KSystems} s hl SYKE .08 stop .31

[13:17] {dino} mcd stopped .85, +.40

[13:17] {Threei}  FAS arrived

[13:17] {cujo} in

[13:17] {Threei}  stop under .85.85

[13:18] {Threei}  seeing double

[13:18] {nemo} huh?

[13:18] {magoo} in

[13:20] {Threei}  there you go... patient waiting for the market to come to you works once again

[13:21] {KSystems} s MRX .13 stp .21

[13:22] {Threei}  since it hit over 1:1 for .92 entry, I'd trail stop to under .90

[13:22] {magoo} hawk GS read?

[13:22] {Threei}  {hawk} G and S

[13:22] {hawkfan4} kinda psycho right now, not sure

[13:23] {magoo} i hit long ,68\

[13:23] {Threei}  no need to call me names hawk

[13:23] {hawkfan4} lol :) we're all a little crazy

[13:23] {nemo} Can you imagine if we were all in a room together...not pretty

[13:23] {Threei}  well, I actually took offense at "right now"

[13:24] {Threei}  as if there are times when I am not

[13:24] {nemo} you're bi-polar

[13:25] {Threei}  don't take FAS here this time

[13:25] {Threei}  goes lower most likely

[13:27] {magoo} stopped

[13:27] {KSystems} AYE out half +.21

[13:28] {nemo} FAS!!!

[13:28] {Threei}  told ya

[13:28] {Threei}  no touchie

[13:28] {nemo} no feelie

[13:28] {Threei}  :)

[13:29] {Threei}  tell me this market is not bipolar

[13:29] {hawkfan4} really is

[13:29] {nemo} O.K.  the market isn't bipolar

[13:29] {Threei}  spike out of nowhere, then sharp drop out of that same place

[13:30] {dino} scalpers market only

[13:31] {Threei}  totally

[13:31] {Threei}  look at GS

[13:31] {KSystems} MRX out half +.08

[13:31] {nemo} bounce at 81.6

[13:31] {hawkfan4} oh yeah, mags, down :)

[13:31] {Threei}  CNBC'S GASPARINO: ACCORDING TO SOURCES, GOVERNMENT 'BAD BANK' IDEA MAY HAVE HIT A SNAG; THE IDEA IS "ON HOLD"

[13:32] {Threei}  now we know for sure, market wants bad bank

[13:32] {hawkfan4} guess he kept his job after dropping the f-bomb yesterday

[13:32] {nemo} Did he say F***** Bad Bank today

[13:32] {nemo} hawk

[13:32] {Threei}  that's third confirmation, can't be coincidence

[13:33] {hawkfan4} dunno nemo

[13:34] {Threei}  the second they say bad bank goes ahead, I just hope we have a fraction of second to buy all FAS we can afford

[13:35] {nemo} Thank god for margin...but they'll do it over the weekend

[13:35] {Threei}  then we will be left in the dust

[13:36] {Threei}  but if we get so lucky, make sure you took out second, third and fourth mortgae, sold family posessions, wife and kids, and bought all FAS you could

[13:36] {nemo} Bad bank will have all the banks in accumulation mode.  Willain's stuff...

[13:37] {KSystems} SYKE half out +.23

[13:37] {nemo} Reminds me of joke.  "My wife said, "You either stop hunting, or I'm leaving."..................."I'm gonna' miss my wife."

[13:38] {nemo} That croaked the small cap triple also

[13:38] {Threei}  mine jujst read these lines, musingly asked where the buy button is, where to type FAS, and went to phone someone asking whether she could sell me to them

[13:38] {nemo} hehehehe

[13:39] {Threei}  drop is not done yet

[13:39] {dino} i guess i am an idiot, but fdic insures banks, they should be pre=packing bankruptcies and letting the strong pick up the leftovers. i know alot of our local bank officers...they are going gangbusters picking up loans they never had shpts at before. let the system work

[13:40] {Threei}  you are coming from assumption that capitalism should have a chance dino... it's not assumption they operate on

[13:40] {dino} also, ford hasn't taken govt. $$$ but chrysler and gm have. its unfair, let them pre-package bankruptcy, ford picks up the slack. c'mon!

[13:40] {Threei}  whoa GS

[13:41] {dino} but you know what vad, capitalism has worked here for 220 years, one or two bad years should not alter the entire model

[13:41] {Threei}  moreso, it was not capitalism that failed

[13:41] {Threei}  it was injection of socialistic ideas in it

[13:42] {Threei}  but, who are you going to tell that? to socialists?

[13:42] {KSystems} AYE out 1/4 +.42

[13:42] {dino} yes! 

[13:42] {Threei}  KS, this is really irritating

[13:42] {KSystems} wooo-hoooo

[13:42] {dino} and ks, gfj again

[13:42] {Threei}  stop that

[13:42] {KSystems} thanks dino

[13:42] {Threei}  btw guys notice:

[13:42] {Threei}  financiaals drop like there is no tomorrow

[13:42] {Threei}  look at KLAC for instance

[13:43] {Threei}  RIMM

[13:43] {Threei}  nowehere that bad

[13:43] {dino} this is your market ks

[13:43] {Threei}  and some are actually holding nicely

[13:43] {Threei}  this is our clue to the future rally,

[13:43] {dino} but vad look at aapl and many others

[13:43] {Threei}  most likely led by other sectors, not finjancials

[13:44] {Threei}  AAPL barely came to prvious low

[13:44] {Threei}  look at GS

[13:44] {Threei}  buck and half below previous low before first bounce attempt

[13:45] {dino} still dropped hard imo

[13:45] {Threei}  ok, let' watch FAS for pullback and double bottom

[13:45] {Threei}  sure... I am talking about relative strength

[13:48] {Threei}  pullback under .20 was too fast and shallow to get in

[13:49] {Threei}  I was waiting for something close to .10

[13:55] {Threei}  jeez

[13:55] {Threei}  I started typing FAS at .21

[13:56] {Threei}  and it was above .30 before I could finish

[13:56] {Threei}  what the

[13:56] {Threei}  who said what where this time?

[13:57] {cujo} fas makin moves

[13:57] {hawkfan4} nutty

[13:57] {Threei}  moves?

[13:57] {Threei}  leaps of crazy anthelope

[13:57] {KSystems} drunken kangaroo?

[13:58] {Threei}  who got turpentine injection in the butt

[14:02] {Threei}  WHITE HOUSE SPOKESPERSON: PRESIDENT OBAMA WILL DO WHAT IS NECESSARY TO PASS A STIMULUS PACKAGE

[14:02] {Threei}  dissolve senate

[14:02] {Threei}  issue decree

[14:02] {Threei}  done

[14:03] {magoo} form new socialist party

[14:03] {Threei}  we are so close to USSR model, why not just go ahead and make it official

[14:10] {cosmo} how's 'silicone curtain'?

[14:11] {KSystems} s sm PKX .10 stop .51

[14:14] {KSystems} i have never even heard about those companies...

[14:18] {Threei}  KS... saw those prints that took .10 out?

[14:18] {KSystems} no

[14:18] {Threei}  a minute ago?

[14:19] {KSystems} nah, didnt watch it

[14:19] {Threei}  anyway... you are welcome

[14:19] {KSystems} i put my strategy in, not touching it anymore

[14:19] {KSystems} lol

[14:19] {KSystems} need some market help to the downside

[14:20] {Threei}  market is not much about help this week, any direction

[14:21] {cosmo} its coiling?

06[14:23] * Threei pokes PKX with sharp stick

[14:26] {Threei}  hmmm... I am afraid that was wrong side

[14:26] {Threei}  sorry ks

[14:27] {KSystems} AYE out rest +.27

[14:27] {KSystems} MRX out rest -0.01

[14:28] {KSystems} PKX stopped -.55

[14:28] {Threei}  another crazy jump FAS

[14:31] {KSystems} l hl EQY .87 stop .64

[14:40] {KSystems} s sm SAFM .74 stop .01

[14:46] {Threei}  WHITE HOUSE PRESS SECRETARY: REVIEWING 'BUY AMERICAN' PART OF STIMULUS BILL; RECONSIDERING A FOREIGN STEEL BAN IN THE BILL - SUMMARY OF COMMENTS

[14:46] {Threei}  Canada is up in arms about that

[14:48] {dino} protectionism is not the answer

[14:50] {Threei}  it is - if you look for way to trurn recession into depression

[14:52] {nemo} feels like market is just going to fizzle to the close...then again...wouln't be the first time I was wrong today.

[14:52] {Threei}  really?

[14:52] {Threei}  hmmm

[14:52] {Threei}  I for one am never wrong

[14:52] {Threei}  I am early

[14:53] {Threei}  or fashinably late

[14:53] {nemo} look at volume...

[14:54] {KSystems} EQY stopped -.25

[14:56] {dino} so, let me see, the plan is to 1) keep insolvent companies alive 2) keep their current (mis)management 3) add protectionism 4) give unions more power 5) increase welfare payments 6) tax the income earners even more

[14:57] {dino} sounds more like a kingdom than a country

[14:57] {Threei}  7) limit trade with other countries

[14:57] {dino} "change is coming" just forgot to mention towards socialism

[14:58] {magoo} I THOUGHT THIS WAS A TRADING ROOM

[14:58] {Threei}  then again... e new it from the campaign, didn't we

[14:58] {Threei}  magoo, don't yell

[14:58] {dino} my apologies magoo, just not seeing any trades

[14:58] {Threei}  you almost rendered me deaf

[14:59] {magoo} you guys do this EVERY OTHER DAY

[14:59] {Threei}  'cause we enjoy our jaundicity

[15:00] {dino} saves me $

[15:00] {Threei}  if you see any worthy trade, feel free to share

[15:00] {dino} feels like yesterday so far, big down may be coming

[15:03] {dino} aapl sm l .90

[15:04] {dino} stop is .57

[15:05] {Threei}  FAS is about to dive under .20

[15:06] {Threei}  looking for entry

[15:06] {Threei}  ideally around .10

[15:08] {Threei}  didn't give a chance

[15:12] {KSystems} SAFM stopped -.51

[15:19] {nemo} geez

[15:20] {dino} stopped aapl -.33

[15:20] {nemo} feel like any plays now might be  sucker's bet

[15:20] {Threei}  (CA) CANADIAN FIN MIN: CANADA DOES NOT NEED A "BAD BANK" TO ABSORB ASSETS

[15:21] {dino} -5% since wed. all 3 averages

[15:21] {_vinthombre} FAS entry?

[15:22] {Threei}  one more leg down

[15:22] {Threei}  closer to 9

[15:22] {magoo} AMZN long  vad?

[15:23] {Threei}  crossback over 58 mags

[15:23] {magoo} if mkt bounces

[15:23] {Threei}  if holding above .85

[15:24] {magoo} unreal; strenght it has

[15:24] {dino} i should've stayed w/my gut feel

[15:24] {dino} [15:00] {dino} feels like yesterday so far, big down may be coming

[15:25] {Threei}  FAS almost ready

[15:25] {Threei}  in .96

[15:25] {Threei}  astop under .90

[15:26] {Threei}  half out .07

[15:26] {nemo} had orer at .91 damn

[15:26] {cujo} thanks Vad.  

[15:26] {Threei}  :)

[15:27] {Threei}  stop .99

[15:27] {Threei}  should have take .14

[15:28] {Threei}  out

[15:28] {Threei}  oversat a little

[15:29] {Threei}  closer to .80 this time

[15:32] {Threei}  in

[15:33] {Threei}  stop under .75

[15:33] {Threei}  keeping it very tight

[15:36] {Threei}  stop to under .80

[15:36] {Threei}  hard to tell, wanted over .90

[15:36] {Threei}  maybe should have just grabbed 10 cents scalp

[15:37] {Threei}  out flat

[15:37] {jmb} thanks vad - took 10 cent scalp

[15:37] {Threei}  like hot potatoe

[15:37] {cujo} same here

[15:37] {Threei}  jmb :)

[15:37] {cujo} thanks Vad

[15:39] {Threei}  okay, that was idiotic trade on my part

[15:39] {nemo} you were just early

[15:39] {Threei}  yes, forgot

[15:40] {Threei}  okay... feeling better

[15:41] {Threei}  took .88 - 9.01

[15:41] {Threei}  total feel of hot potato in hands

[15:41] {magoo} me to vad 9.02

[15:41] {Threei}  :)

[15:41] {Threei}  see? and you screamed at me as if I stole your beach towel

[15:41] {magoo} u think AMZN closes strong?

[15:42] {Threei}  when something comes around we wake up

[15:42] {Threei}  I don't know about AMZN... thing is hirribly overtraded today

[15:42] {Threei}  no way tyo tell who wants out more

[15:42] {Threei}  let's better do one last FAS

[15:43] {magoo} k

[15:43] {Threei}  .90 was it but we talked too much

[15:43] {Threei}  lol

[15:43] {magoo} :)

[15:45] {Threei}  ok... pullback to 9 or just under

[15:46] {KSystems} l hl BVN .91 stop .69

[15:46] {Threei}  in .92

[15:46] {magoo} 95

[15:46] {cujo} missed.  Darn.

[15:46] {Threei}  out

[15:46] {Threei}  9.07

[15:46] {magoo} out 08

[15:46] {cujo} nice

[15:47] {Threei}  I need a creme for those burns

[15:47] {Threei}  wow

[15:47] {Threei}  thing had even more in it

[15:47] {Threei}  didn't expect it at the end of the day

[15:47] {Threei}  but hey

[15:47] {Threei}  end of the day turned fun

[15:48] {cujo} was a goo dlittle run of scalps. 

[15:48] {Threei}  dino... when you walk by magoo, put an elbow in his ribcage on my and your own behalf... so he knows better next time than yell at us while we exercise our grumbliness

[15:49] {Threei}  too bad we have to limit ourselves to these tiny scalps

[15:49] {Threei}  but there is time for everything

[15:49] {magoo} tough week

[15:49] {Threei}  when market stops being this paranoid, our real plays will be back

[15:50] {Threei}  oh yeah, I am happy ti finish this week on such note

[15:51] {Threei}  3-4 quick scalps for 10-12 cents each

[15:51] {Threei}  that's your 400 bucks to finish the week right there

[15:52] {cujo} or 40 if your the FNG... (f'ing new guy) :)

[15:52] {Threei}  again... there is a time for everything

[15:52] {Threei}  training wheels...

[15:52] {Threei}  then you take them off

[15:53] {Threei}  and start getting real bruises :)

[15:53] {cujo} ha ha ha..  can't wait. 

[15:53] {Threei}  you have MPP

[15:53] {Threei}  go over last part

[15:53] {Threei}  Practical Trading

[15:53] {Threei}  procedure for increase shares

[15:53] {cujo} yup. 

[15:53] {Threei}  criteria when and how to do it

[15:53] {cujo} have right in front of me.  

[15:53] {Threei}  just follow it... you'll be fine

[15:54] {cujo} sounds like a plan. 

[15:54] {Threei}  how do you like videos btw?

[15:54] {cujo} the scalping one is good

[15:54] {cujo} only through disc 1 right now. 

[15:54] {Threei}  one?

[15:54] {cujo} disc 2 tonight

[15:54] {Threei}  there are desons of them :)

[15:54] {Threei}  dosens too

[15:55] {Threei}  okay... then you haven't gotten to real meat yet

[15:55] {cujo} not yet

[15:55] {cujo} soon.  what disc real meat at?

[15:55] {Threei}  like I remember

[15:55] {Threei}  2 and 3 :)

[15:55] {cujo} :)

[15:55] {cujo} funny, remember that room member i was asking you about a long time ago "burn"?

[15:56] {Threei}  yes

[15:56] {cujo} he is on the screen shot in the video 

[15:56] {cujo} when yo go over the chat room

[15:56] {Threei}  :)

[15:56] {Threei}  4th disk is actual seminar recording

[15:57] {Threei}  don't look at my image if you have troubles sleeping

[15:57] {cujo} that could be interesting.  Live Workshop?

[15:57] {cujo} ha ha ha

[15:57] {Threei}  yes

[15:57] {cujo} many more demons keeping me awake at night...

[15:57] {Threei}  main screen is slides that I had on the screen,

[15:58] {Threei}  and me in the corner

[15:58] {Threei}  talking, gesturing

[15:58] {Threei}  and generally spoiling the mood

[15:58] {cujo} he he

[15:58] {Threei}  okay guys

[15:58] {magoo} ty vad

[15:58] {Threei}  let's call it a day

[15:58] {nemo} gnite

[15:58] {cujo} have a good wknd all.  

[15:58] {dptl} have a good weekend all

[15:59] {hawkfan4} enjoy all

[15:59] {dawg} thanks vad and all

[15:59] {Threei}  glad to finish this week, honestly... first one in many months I had so much troubles with

[15:59] {Threei}  thank you all, have a good weekend

[15:59] {_vinthombre} thanks all

[15:59] {Threei}  take care wnthombre, see you on mondau

[15:59] {_vinthombre} sure,thx

[16:00] {fernp} tough week here. Have a relaxing weekend all

[16:00] {_vinthombre} i enjoyed being in chat rm today

Jan 29 2009

Many room members found quite a few nice plays; I was mostly sitting things out. Other than GERN nice run-up and something unusual happening with PALM, not much interesting.                                                                                                           

Session Time: Thu Jan 29 00:00:00 2009

[07:39] {hawkfan4} poor DRYS

[08:08] {nemo} mornin'

[08:08] {hawkfan4} morning nemo

[08:08] {Onix} Good morning early birds :)

[08:09] {hawkfan4} Onix :)

[08:09] {nemo} it's late on the east coast

[08:09] {Onix} 5 am over here

[08:09] {nemo} it's after lunch for ksystems

[08:09] {hawkfan4} where are you Onix?

[08:09] {KSystems} *burp*

[08:09] {KSystems} yeah, just finished

[08:09] {Onix} Vancouver, Canada

[08:09] {nemo} na ja...sei geduldig

[08:09] {hawkfan4} Ah, cool

[08:09] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:09] {nemo} und auch gnadig

[08:10] {hawkfan4} whew, was wondering about that

[08:10] {Threei}  :)

[08:10] {Onix} sounds likeAfrikaans nemo?

[08:10] {hawkfan4} scalped 8.85 to 9.19

[08:10] {nemo} nope...but related

[08:11] {Onix} dutch?

[08:14] {cosmo} i'll buy

[08:14] {nemo} Deutsch

[08:15] {nemo} well, my approximation of what I can remember, Ksystems is probably squirming in grammatical disgust

[08:20] {KSystems} by comparing german to africaans?

[08:20] {KSystems} no

[08:20] {KSystems} just ignoring you from now on ;)

[08:21] {KSystems} DRYS blood...

[08:21] {KSystems} news?

[08:22] {nemo} no meine Fahigkeit

[08:22] {hawkfan4} yes, 500 million$ offering of shares, + a downgrade this morning

[08:30] {Threei}  practically doubled shares

[08:31] {larisa} morning

[08:31] {nemo} that's what happens when banks aren't lending-inwestor dilution

[08:31] {Threei}  larisa :)

[08:31] {nemo} larisa :)

[08:31] {larisa} threei, nemo :)

[08:32] {Threei}  INITIAL JOBLESS CLAIMS: 588K V 575KE; CONTINUING CLAIMS: 4.776M V 4.620ME

[08:32] {Threei}  - Prior jobless claims revised from 589K to 585K

[08:32] {Threei}  - Prior continuing claims revised from 4.607M to 4.617M

[08:32] {Threei}  DEC DURABLE GOODS ORDERS: -2.6% V -2.0%E; DURABLES EX-TRANSPORTATION: -3.6% V -2.7%E

[08:32] {Threei}  - Prior Durables revised from -1.5 to -3.7%

[08:32] {Threei}  - Prior Durables Ex Transportation revised from +0.6% to -1.7%

[08:35] {larisa} DRYS is not nice, hope elepet sold 

[08:36] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:36] {larisa} good :)

[08:36] {cujo} g'morning

[08:36] {Threei}  cujo :)

[08:36] {nemo} You ought to try your other arm, Vad...

[08:36] {larisa} good morning cujo

[08:36] {cujo} morning larisa

[08:36] {nemo} dog...

[08:36] {cujo} nemo

[08:37] {Threei}  anyone here is a fan of Lost?

[08:37] {nemo} Hey Hawk...Bruins might actually make some serious noise this year...only been 20 years

[08:37] {nemo} No

[08:38] {hawkfan4} They are looking good.  i'm just glad the Hawks are finally starting to get it together.  It's been a long time since they've been even decent.

[08:39] {nemo} I can empathize

[08:39] {hawkfan4} i am Vad

[08:40] {KSystems} Yes Vad

[08:40] {KSystems} love it

[08:40] {Threei}  :)

[08:40] {Threei}  creators said befofe this season start, they are in answers mode now,

[08:40] {KSystems} but dont spoil me =) recent two seasons havent aired in germany

[08:41] {Threei}  yeaterday's episode, if anything, only adds questions, lol

[08:41] {Threei}  oh, wow

[08:41] {Threei}  that's a bummer

[08:41] {Threei}  IMO, last two are the best

[08:41] {ese} morning

[08:41] {Threei}  ese :)

[08:41] {hawkfan4} hey es

[08:42] {Threei}  they are on internet somewhere I believe KS

[08:42] {Threei}  ad before the episode had url

[08:44] {Threei}  http://abc.go.com/primetime/lost/index?pn=index

[08:45] {Threei}  oh, great

[08:45] {Threei}  only for USA veiwers

[08:46] {nemo} maybe a torrent site

[08:46] {Threei}  but that would be commerial-free

[08:48] {ese} hey hawk.....was down on the floor doing stretching exercises

[08:48] {i2romantis} morning everyone!

[08:49] {Threei}  i2r :)

[08:49] {cujo} morning i2r

[08:49] {hawkfan4} that actually sounds like a good idea es

[08:50] {Threei}  (RU) RUSSIA PM PUTIN REPORTEDLY SETS OIL EXPORT DUTY AT $100.90/TON

[08:50] {Threei}  great... now we have to convert ton to barrel

[08:51] {nemo} The Tsar is back....

[08:51] {nemo} that's like $25 a barrel

[08:52] {Threei}  with abundance of oil on the market, sounds like surefire way to render themselves irrelevant

[08:52] {nemo} or give others ideas

[08:53] {cosmo} why burn oil when you can burn bridges?

[08:53] {nemo} Only temporary cosmo

[08:54] {cosmo} yes... fires eventulaly die

[08:54] {Threei}  I saw Gore on TV yesterday... he told me we are at the tipping point

[08:54] {cosmo} eventually

[08:54] {cosmo} cheers then

[08:55] {Threei}  I expected the sentence to end with "... frm warming to cooling"

[08:55] {Onix} you spoke to Gore on TV Vad?

[08:55] {Threei}  well, they talk to me... sometimes I try to asnwer

[08:55] {Onix} :D

[08:55] {Threei}  but my answers are rarely suitable for women and children

[08:56] {nemo} Yeah, archeologists centuries from now will find him frozen in a glacier

[08:56] {Onix} :O

[08:56] {Threei}  and considering how rich Russian is in swearing department...

[08:58] {Onix} you don't have one of those rubber bricks you can throw at the tV?

[08:59] {Onix} it works better than throwing the remote ... trust me

[09:01] {Threei}  no, I don't go that far

[09:02] {Threei}  swearing at TV is relaxation tchnique to me

[09:03] {nemo} I was at a party once where the guy who owned the place got up and put a 1 wood right through the screen...relaxation I guess

[09:03] {nemo} nice swing actually

[09:04] {cujo} what was showing on the TV that made him that mad?

[09:04] {cujo} and by 1 wood, do you mean a Driver or a 1 iron?

[09:04] {hawkfan4} i'm guessing it was CNBC

[09:04] {cujo} ha ha ha

[09:05] {nemo} I was "rather drunk at the time" to quote a favorite Pom.  I don't remember 1 wood=driver, yes.  Sorry....OLD school.  Nah, twenty years ago.

[09:05] {cujo} ha ha ha.  that is funny.  

[09:06] {nemo} Yeah, good thing I was driving...could barely walk

[09:06] {dino} gm all

[09:07] {nemo} dino :)

[09:08] {dino} gm nemo

[09:09] {Threei}  dino :)

[09:09] {cujo} morning dino

[09:09] {cujo} you make the McDonalds run this morning?

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {elepet} good morning all

[09:11] {nemo} little C&H on FAZ just broke

[09:11] {Threei}  good morning elepet, congratulations on timely DRYS exit

[09:11] {hawkfan4} no kidding, nice job

[09:11] {dino} no cujo, magoo's upset

[09:12] {cujo} :(

[09:13] {dino} sidetracked, daughters' at my office skipping school

[09:13] {cujo} ahh, bring your kids to work day.  

[09:13] {cujo} Dino jr.

[09:13] {ese} am still long DISH  .29 from yesterday....am gonna dump at open

[09:13] {dino} no, he got on the bus

[09:14] {Threei}  12.29?

[09:14] {elepet} thanks. i wasn't sure anyone saw that post. it really was sstrange. 6 minutes before close i sold half. 3 minutes later i had a panic call and sold the rest. not at the price i wanted but enough. whew.

[09:14] {ese} 13.29

[09:14] {cujo} great call el

[09:15] {Threei}  I saw elepet, was happy to see

[09:15] {ese} should have gotten rid of it at .45 to .50 but wasn't near my computor

[09:15] {ese} hanging defeats purpose of the trade ...was just a day trade

[09:16] {cujo} Vad, outside of usual suspects, anything you think we should keep a close eye on this AM?

[09:17] {Threei}  not at this point, I don't see anything trading in unusual enough way to warrant special attention

[09:17] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[09:17] {Threei}  sheesh... magoo, torture is forbidden now, haven't you heard

[09:17] {Threei}  so id self-torture

[09:17] {Threei}  in which you are engaged

[09:18] {dino} well; hell is repetition (storm of the century)

[09:19] {cujo} s qqqq .01

[09:19] {Threei}  as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:19] {ese} the only way that little message could be more annoying is if they put in capitols and highlighted the word "YOU" are not permitted etc etc

[09:19] {Threei}  lol

[09:20] {nemo} Or...they lifted your name and inserted that..

[09:20] {magoo} you are not coming up in floor today vad

[09:21] {Threei}  I am

[09:21] {Threei}  [09:19] {Alert} Threei as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:21] {Threei}  [09:19] {Alert} Threei lol

[09:21] {Threei}  [09:21] {Alert} Threei I am

[09:21] {Threei}  that's from floor

[09:22] {i2romantis} he is, as far as I can tell

[09:22] {i2romantis} maybe config on your end, mag

[09:22] {magoo} not in mine

[09:22] {i2romantis} odd

[09:23] {nemo} Yep...I get vad 5x5

[09:23] {KSystems}                                                                                                                                                                                                                                                                                                                                         whats happening magoo?

[09:23] {KSystems} oops

[09:23] {i2romantis} markets are also odd this morning, opening below the waist

[09:23] {nemo} that's where magoo thinks

[09:23] {nemo} a pimple on his a$$ is a brain tumor

[09:23] {nemo} had to...sorry

[09:25] {magoo} i need help K..but later ok?

[09:25] {KSystems} sure

[09:25] {magoo} vad type sdomethging

[09:26] {Threei}  sdomethging

[09:26] {hawkfan4} lol

[09:26] {cujo} he he he

[09:26] {nemo} type it vad...not copy/paste

[09:26] {Threei}  {magoo} i need help {--- I waited for this admission for years

[09:27] {magoo} ty..weird..fist time flloor been dead..its open ..just says im in that room which is diferent too

[09:27] {nemo} were you sitting down?

[09:27] {magoo} but wanna trade 

[09:27] {magoo} so later

[09:27] {Threei}  skipping first min utes guys, don't see anything trade-ready

[09:29] {i2romantis} my hunch is that DRYS is too low, we'll see

[09:29] {Threei}  could be i2r, it's just first reaction on such dump is violwent,

[09:30] {Threei}  risk is large, and this was not a very safe stock to begin with

[09:30] {i2romantis} true

[09:30] {dino} secondary $500m drys

[09:30] {Threei}  I would prefer very sharp selloff on it, one of those "out of anything remotely reminding sensible"

[09:31] {Threei}  those produce more readable scalps

[09:31] {dino} might be easier to play tbsi, nat

[09:31] {Threei}  or prolonged consolidation, digestion of selling pressujre, then break

[09:32] {Threei}  FAS nice jump

[09:32] {Threei}  watching if it pulls back again to form double bottom

[09:32] {dino} ndx gap 1194, 845, 8083

[09:33] {hawkfan4} nice heads up on DRYS vad, thx

[09:33] {hawkfan4} wow

[09:33] {Threei}  wild one

[09:34] {Threei}  drop to 9.20 will probably be wort a try

[09:34] {Threei}  and FAS to about 11

[09:35] {ese} L SYMC .60

[09:35] {ese} stop .50

[09:36] {ese} out dis by the way at .20 -.09

[09:36] {Threei}  DRYS

[09:36] {ese} DISH

[09:36] {dptl} gm all

[09:36] {Threei}  in .17

[09:36] {Threei}  stop under 9

[09:36] {Threei}  half lot

[09:38] {Threei}  stop to under .10

[09:39] {Threei}  out

[09:40] {ese} Symc stopped 

[09:40] {ese} .01 -.09

[09:41] {ese} thought that it had the moxy to go....

[09:41] {Threei}  wow POZN

[09:41] {i2romantis} DRYS is staying above water while the rest of the market is taking a dive

[09:41] {Threei}  06:06am [POZN] Informed by FDA That Endoscopic Gastric Ulcer incidence continues to be an acceptable primary endpoint

[09:42] {Threei}  yeah, I guess was worth holding a bit

[09:42] {ese} long SEPR .40

[09:42] {Threei}  anyway, if you are still in, start taking profit

[09:42] {ese} full lot

[09:43] {ese} out SEPR .60 +.20

[09:44] {Threei}  good one

[09:44] {Threei}  and qwuick

[09:44] {ese} like quick for sure

[09:45] {Threei}  FAS

[09:45] {cujo} c & h drys?

[09:46] {Threei}  coming into bounce zone

[09:46] {dino} sigi

[09:46] {Threei}  as close to 11 as possible

[09:46] {Threei}  to 11.10, sorry

[09:47] {Threei}  not really on DRYS, cujo

[09:47] {cujo} got it

[09:48] {dino} sqnm

[09:49] {ese} long STX .98

[09:49] {dino} cat hap fill

[09:50] {Threei}  FAS

[09:50] {KSystems} in .05

[09:50] {Threei}  in .05

[09:50] {magoo} .10 here

[09:50] {cujo} .05

[09:51] {Threei}  stop under 10.90

[09:52] {Threei}  come on, that's serious overstretch

[09:52] {Threei}  bounce already

[09:52] {Threei}  grrr

[09:52] {KSystems} stopped here

[09:52] {dino} watching cat, sigi, sqnm, t, mcd

[09:53] {larisa} APOL is only happy one thi smorning

[09:54] {nemo} Mags...go to the bathroom

[09:54] {hawkfan4} watching HIG

[09:54] {magoo} need another cup joe first

[09:55] {Threei}  16 break on HIG hawk?

[09:55] {hawkfan4} .05 for me

[09:55] {magoo} in HIG 16

[09:55] {cujo} got back into fas .83

[09:55] {cujo} out .93

[09:56] {Threei}  wtg

[09:56] {hawkfan4} drys holding nice too

[09:57] {ese} OK Vad need your guidance on STX     had 2 1/2 lots at .98   real quick stop .94 I'm up .02   any thoughts

[09:57] {ese} not had ...have

[09:58] {ese} looks up....

[09:58] {Threei}  no idea es... trades too slow to tell anything

[09:58] {hawkfan4} watching GS for dbl bottom too

[09:58] {ese} tks

[09:59] {nemo} Battle of Hastings moment for FAS

[10:00] {Threei}  DEC NEW HOME SALES: 331K V 397KE

[10:00] {cujo} thanks hawk, caught that bounce for + .10

[10:00] {cujo} GS

[10:00] {hawkfan4} nice :)

[10:00] {Threei}  (-14.7% M/M)

[10:00] {cujo} rimm fast selling

[10:01] {Threei}  HIG looks better now

[10:02] {Threei}  FAS is probably ready

[10:02] {fernp} cover HBAN +.10

[10:04] {ese} out STX .06 + .08 

[10:04] {dino} sm mcd l .50

[10:04] {ese} 2 1/2 lots couple a hyndred bills....nerve racking

[10:05] {KSystems} l FAS .57

[10:05] {ese} don't trade with size like that very often.....

[10:05] {KSystems} out FAS +.10

[10:05] {hawkfan4} in HIG

[10:06] {hawkfan4} stop under .80

[10:06] {dino} cat sm l .00

[10:06] {KSystems} took HIG from .01 to .10 thanks hawk

[10:07] {hawkfan4} np :)

[10:08] {cujo} Hawk in fuego

[10:08] {magoo} i was thinking .43 area exit HIG

[10:08] {hawkfan4} me too mags

[10:09] {magoo} lowest i saw was .88

[10:09] {dino} mstr

[10:10] {dino} axys

[10:11] {magoo} no mkt help hawk

[10:12] {ese} mstr long dino?

[10:12] {dino} no

[10:12] {dino} liking axys for bounce

[10:13] {ese} was looking at LRCX

[10:13] {ese} for bounce

[10:14] {dino} you remind me of bruce es

[10:14] {dino} compliment. he mad me $

[10:14] {ese} purquo?

[10:15] {ese} long LRCX 1/2 .24

[10:15] {dino} lrcx pretty good miss

[10:16] {dino} wynn good drop, coming into 5 day support

[10:16] {Threei}  COCO 52 weeks highs

[10:17] {ese} if QQQQ heads up i may stay with LRCX....but i might have missed the momentum

[10:18] {dino} trade the plan es

[10:19] {ese} ya...good point stop is at .10

[10:19] {Threei}  SQNM

[10:19] {Threei}  CEO: BELIEVES SELL OFF TODAY ATTRIBUTED TO REPORT OF A FALSE POSITIVE IN DATA RELEASED YESTERDAY - CNBC COMMENTS

[10:21] {dino} sort of like a preg scare

[10:21] {hawkfan4} definitely no lose on HIG now

[10:21] {dino} real$ saying same 3i

[10:21] {ese} stopped LRCX .07

[10:22] {ese} -.17 on 1/2

[10:22] {ese} auchhhhhh du myaa!!!

[10:23] {cujo} l MCD .44

[10:24] {ese} looks good on pullback cujo

[10:24] {ese} could be triple botom

[10:25] {magoo} long Q .85

[10:25] {magoo} .74 stop[

[10:25] {magoo} kickin HIG

[10:25] {magoo} taking too long

[10:26] {hawkfan4} GS 85.10 break should help

[10:26] {hawkfan4} nice

[10:26] {magoo} wow..nice kick

[10:26] {cujo} out mcd .50

[10:26] {Threei}  hig looks to me a better play as entries on those gut-wrenching pullbacks and sell into spikes

[10:27] {ese} good one cujo

[10:27] {cujo} thanks ese

[10:27] {magoo} id say it applies to all today vad

[10:27] {Threei}  yes mags, I mean as in multiple plays vs. hold

[10:28] {magoo} mkts a biut overbought here...4 days up...weak volume

[10:28] {magoo} bit

[10:28] {magoo} risk is  to downside

06[10:29] * dino slaps magoo around a bit with a large trout

[10:29] {Threei}  APOL and COCIO non-stop

[10:29] {magoo} what for ding dong?

[10:29] {Threei}  I wonder if CECO want to play catch-up

[10:29] {dino} exp week, gaps almost filled, -140 dji, short is risky imo

[10:30] {dino} probabilities

[10:30] {larisa} CHK no pullbacks too 

[10:30] {dino} wynn sm l .50

[10:31] {magoo} news APOL vader?

[10:31] {dino} n.gas -186 bcf

[10:31] {Threei}  no... general strength in education sector

[10:32] {magoo} ill go get some bananas to dangle over coco "the monkey" if u choose to enter

[10:33] {dino} cpla not following, watching it

[10:33] {ese} L SEPR .18 3/4

[10:34] {Threei}  here comes anohtre one of those HIG pullbacks

[10:34] {Threei}  quick .24 - .38 scalp

[10:35] {hawkfan4} 1/2 out .44

[10:35] {ese} out SEPR .36 +.18

[10:36] {dino} gj

[10:36] {ese} tks

[10:37] {cujo} Vad, missed the HIG, would you get back in on another pullback to .20s?

[10:37] {Threei}  can't tell in advance cujo

[10:37] {Threei}  it's kind of tick by tick read

[10:37] {KSystems} in current uptrend could be around .30 as well?

[10:37] {magoo} anyone take Q call? let it trade

[10:37] {magoo} should see 30

[10:37] {Threei}  right KS

[10:37] {cujo} ok

[10:39] {dino} larisa close +150ish

[10:40] {larisa} i like optimists :)

[10:40] {dino} next week i'll switch sides

[10:41] {hawkfan4} .40 stop for the rest of HIG

[10:41] {dino} cpla may try to catch up w/esi coco, apol on break of .00

[10:42] {Threei}  HIG is break-ready

[10:44] {KSystems} got +.10 on HIG thanks vad

[10:45] {Threei}  :)

[10:46] {KSystems} s hl LBTYA .74 stop @.96

[10:47] {dino} axys sm l .78

[10:47] {Threei}  sheesh... can you believe FAS?

[10:49] {Threei}  HIG

[10:49] {Threei}  watch pullback

[10:49] {Threei}  won't be possible to call on the go most likely,

[10:50] {Threei}  what you want to see is this instant teleportation 10-15 cents lower

[10:50] {Threei}  pause for entry, then quick ramp back up to dump into

[10:51] {Threei}  GS

[10:51] {Threei}  TO REPORTEDLY SELL 10 YEAR NOTE NOT BACKED BY FDIC - UNCONFIRMED REPORT

[10:51] {KSystems} s hl AFG .17 stop @.39

[10:52] {dino} apei joining ed stocks move

[10:54] {ese} L CENX .70 

[10:55] {dawg} thanks magoo got .30

[10:55] {dawg} Q's

[10:56] {magoo} nice dawg..welcoime

[10:56] {dawg} ).

[10:57] {hawkfan4} sold rest hig .53, getting sleepy staring at it

[10:57] {fernp} cover MWV +.12

[10:57] {dino} gj

[10:57] {magoo} out too .50 hawk

[10:58] {ese} indeed nice doughggg

[10:58] {hawkfan4} nice mags

[11:05] {dino} axys stopped -.38

[11:05] {Threei}  FED TO PURCHASE AGENCY DEBT TOMMOROW

[11:05] {Threei}  {FNM FRE}

[11:08] {Threei}  HIG is practically indifferent to market selling here

[11:12] {Threei}  aiming for 17

[11:15] {dptl} grabbed .75 to .95 hig

[11:15] {Threei}  :)

[11:16] {KSystems} s IYW .92 stop @.02

[11:17] {dino}  stuck in tight range

[11:17] {dino} markets that is

[11:18] {larisa} dino, took several CAT scalps .10 -.25. ranging nicely. you still in ?

[11:21] {dino} gj larisa, yes, feeling .60s

[11:22] {dino} nice base tho, you may have the better idea

[11:22] {dino} markets coiling, big move coming

[11:23] {nemo} yeah, but which way ino

[11:23] {larisa} too close to 52W low. I am watching for CAT to break down. pessimist here :)  

[11:23] {larisa} but want it to hit .60 first for you :)

[11:23] {dino} lol

[11:23] {Threei}  WFC

[11:23] {Threei}  HEARING VAGUE CHATTER CIRCULATING OVER POSSIBLE SPOT SECONDARY OFFERING

[11:23] {nemo} not you too Larisa

[11:24] {dino} if markets get a bid, it will to, otherwise.......

[11:24] {Threei}  HIG seems to be done for now

[11:24] {Threei}  scalps on bounces, but no more new highs for a while

[11:25] {Threei}  PALM, something started happening here

[11:26] {nemo} There's somethin' happenin' here...what it is ain't exactly clear...

[11:30] {nemo} FAS vad?

[11:30] {Threei}  one more leg down would be nice

[11:31] {nemo} volume hasn't capitulated?

[11:31] {ese} see you all in about 1 1/2 hrs

[11:31] {Threei}  it generally tends to go a bit more just when it seems to be ready to reverse

[11:32] {Threei}  take care ese

[11:36] {hawkfan4} PALM

[11:37] {Threei}  I don't see news

[11:37] {Threei}  but something was breweing

[11:37] {cujo} that is me covering my short

[11:37] {hawkfan4} me either.  got .96

[11:38] {cujo} :)

[11:38] {hawkfan4} and missed that spike, doh

[11:39] {Threei}  that was speed of light

[11:39] {Threei}  but continues climbing

[11:39] {hawkfan4} i move more at the speed of syrup

[11:40] {Threei}  US HOUSE SPEAKER PELOSI: LOOKS FORWARD TO ANY REVISIONS CONDUCTED BY SENATE ON FINANCIAL BILL PASSED YESTERDAY

[11:40] {KSystems} IYW out 1/2 +.01

[11:40] {KSystems} blah

[11:40] {KSystems} +.10

[11:41] {larisa} :)

[11:43] {Threei}  holding well

[11:43] {Threei}  .20 and then .30 break should sky-rocket it

[11:44] {Threei}  unless it's some kind of stupid rumor that gets denied quickly

[11:44] {magoo} what stok vad?

[11:44] {cujo} palm

[11:44] {magoo} ty

[11:45] {KSystems} AFG out half +.22

[11:45] {hawkfan4} yeah, torn on selling, sold .14, but want it back

[11:46] {Threei}  GEORGE SOROS: EURO MAY NOT SURVIVE WITHOUT GLOBAL PLANS TO DEAL WITH ECONOMIC CRISIS

[11:49] {Threei}  if not for this decreasing volume on daily, I would confidently say PALM is looking for 9

[11:49] {hawkfan4} back in .12 avg

[11:50] {dino} soro is short the euro obviously

[11:50] {nemo} Vad's short the euro

[11:51] {magoo} and nemo's just plain short 

[11:51] {nemo} stuck my chin out on that one

[11:51] {Threei}  I am pretty sure euro is in grave danger

[11:51] {dino} lol

[11:51] {Threei}  .20 is taken

[11:52] {dino} could be vad, of course the $ was too a few months ago. cycles imo

[11:52] {Threei}  well... euro has additional risks that $ doesn't

[11:52] {KSystems} in PALM

[11:52] {nemo} yeah...how many countries?

[11:52] {dino} yes, members may get out

[11:53] {Threei}  right... EU cohesion is a big risk factor

[11:53] {nemo} no, germany will want to get out...euro=deutschmark

[11:53] {nemo} stimmt herrn K?

[11:55] {magoo} restroom indicator still in force

[11:55] {dino} t getting interesting

[11:55] {magoo} represents UP

[11:56] {magoo} long MCD .35

[11:56] {Threei}  remember NURO mentioned around 1.30?

[11:57] {hawkfan4} GS cup/handle 85-85.10 break, extra risky

[11:57] {cujo} b MCD .36

[11:58] {magoo} half out here cujo LOL

[11:58] {cujo} ;)

[11:58] {dino} roflol

[11:58] {hawkfan4} vad, u in NURO?  Was looking at it yesterday, it's nonstop

[11:59] {Threei}  no... took at at .33 when mentioned but sold .5 something

[11:59] {Threei}  looks aiming for 2 at least now

[12:01] {KSystems} palm stop is {.10 ?

[12:01] {Threei}  I guess... it's hard to place stop on momo movers, technicals do not really apply... but gotta have it somewhere

[12:02] {KSystems} IYW out 1/4 more +.20

[12:02] {Threei}  nice

[12:02] {hawkfan4} yeah, mine's under 8, see what happens if it gets there

[12:02] {larisa} gj KS

[12:02] {cujo} stopped mcd

[12:02] {KSystems} thanks

[12:02] {hawkfan4} don't want to end up married to my palm ;})

[12:02] {KSystems} stopped PALM

[12:03] {Threei}  FAS is getting spmewhere now

[12:03] {hawkfan4} HIG big pullback

06[12:06] * KSystems is listening to Yes - Changes

[12:06] {KSystems} encountered it a few days ago, this is a big one

[12:06] {KSystems} before you pick on my age Vad, I knew it before, just FOUND it again

[12:06] {nemo} My God...I remember when the first came out!

[12:07] {nemo} Mood for a Day

[12:07] {elepet} PALM...is anyone in it now? i'm in at 8.00

[12:07] {Threei}  KS, that won't help you much... I am going to pick up on you anyway, simply because that's what I do

[12:07] {hawkfan4} i am elepet, 8.12, scalped it once already

[12:08] {KSystems} thats just my foolish optimism

[12:09] {dino} pearl jam here ks

[12:10] {magoo} this has got to be 1 of your hardest weeks vad

[12:10] {nemo} playing "Over the Hills and Far Away" here

[12:10] {Threei}  in quite a while, yes

[12:12] {hawkfan4} trying HIG .25, stop .19

[12:12] {dino} evenflow nemo

[12:13] {dino} but it's a 90s alt. rock station so changes

[12:13] {dino} sm t l .65

[12:13] {Threei}  should be good for above .40 if market doesn't die hawk

[12:15] {hawkfan4} thx, i'll take it. GS needs to stop dying b4 the market rallys imo

[12:17] {hawkfan4} stopped HIG

[12:17] {KSystems} sm l ALK .59 stop @.38

[12:21] {magoo} very confusing mkt here

[12:22] {magoo} thought crash coming....now seems like trying

[12:24] {nemo} ascending triangle on FAS?

[12:26] {dino} it's a winnie the poo market, very confusal

[12:30] {KSystems} ALK half out +.21

[12:37] {magoo} someone wake vad..mkt moving

[12:37] {Threei}  where?

[12:37] {magoo} Q rIMM GS MCD

06[12:37] * KSystems slaps Threei around a bit with a large tape

[12:38] {dino} gj ks

[12:38] {KSystems} ty dino

[12:38] {Threei}  FAS is honestly trying

[12:40] {Threei}  not very successfully though

[12:40] {Threei}  so... where is it market moving?

[12:41] {larisa} I like this guy who is selling his system on CNBC:) claiming he made 100+K a day trading live in NY in front of customers. Offering his system for free, just s&h :) Why does he even bother to sell anything, just make 100K a day and be happy.

[12:41] {KSystems} ALK out rest +.10

[12:41] {magoo} [12:40] {Threei}  so... where is it market moving?

[12:41] {magoo} false alarm...again sigh

[12:42] {magoo} go back to sleep..ill wake u if

[12:42] {Threei}  I can go back to sleep?

[12:42] {Threei}  cool

[12:42] {larisa} no, talk to us

[12:42] {Threei}  I just don't want to jump on each tick

[12:42] {Threei}  they all get faded both directions

[12:43] {dino} kid rock

[12:43] {KSystems} AFG out 1/4 more +.44

[12:44] {Threei}  KS is killing it

[12:44] {KSystems} should have done this way earlier probably...

[12:44] {dino} nice

[12:55] {Threei}  (US) SENATOR SCHUMER (D): EXPERTS SAY "BAD BANK" COULD COST $1-4T

[12:55] {KSystems} LBTYA out half +.22

[12:55] {Threei}  there you go

[12:55] {Threei}  whole rally was based on hope for that bad bank

[12:58] {fernp} cover QQQQ +.10

[12:58] {dino} dji gap filled

[13:02] {Threei}  siting it out

[13:03] {Threei}  no way to tell whether we get worhy bounce or just crash'

[13:09] {Threei}  PALM is more or less holding

[13:21] {Threei} Long Setup:  GG  .40

[13:21] {Threei}  if stays above .30

[13:31] {Threei}  V?

[13:32] {Threei}  what's with this dog?

[13:32] {KSystems} l NJR .83 stop @.68

[13:33] {Threei}  HOUSE REP WAXMAN: EXPECT TO INTRO NEW TOBACCO REGS WITHIN WEEKS

[13:33] {Threei}  welcome to big nanny state

[13:35] {dino} yes.

[13:35] {dino} worse, the gov't subsidizes the tobacco growers, then taxes the manufactiueres. makes alot of sense...not

[13:35] {dino} manufacturers

[13:37] {Threei}  we nationalize banks and failed businesses, decide what you smoke, what you eat, what you earn, whether you can possess a gun... I am right back to USSR

[13:37] {dino} gets worse every year

[13:37] {cujo} see ya all.  Going to call it a day. 

[13:37] {cujo} catch you in the morning

[13:38] {Threei}  take care cujo, I don't think you'll miss much, lol

[13:38] {cujo} :)  HOpe not. 

[13:38] {dino} cya

[13:38] {dino}  brb

[13:38] {magoo} bye cujo

[13:38] {KSystems} NJR stopped -.17

[13:46] {magoo} gun to head...UP

[13:47] {nemo} Mow!

[13:47] {magoo} u in MOW?

[13:48] {nemo} No, you said gun to head, made me think of the vietnamese guy in Deer Hunter

[13:51] {KSystems} LBTYA out 1/4 more +.44

[13:53] {Threei}  not good KS

[13:53] {KSystems} ???

[13:53] {Threei}  market suffers... you should suffer with it

[13:53] {KSystems} oh

[13:53] {nemo} duck KS

[13:54] {KSystems} does it help saying its just on paper?

[13:54] {larisa} it is ?

[13:54] {KSystems} yes

[13:54] {KSystems} you didnt trade it did you?!

06[13:54] * larisa slaps Threei around a bit with a large trout

[13:54] {Threei}  hmmm... what was that for?

[13:55] {larisa} i am bored :)

[13:55] {Threei}  oh

[13:55] {Threei}  that's valid reason to slap people in your opinion?

[13:55] {larisa} it is

[13:55] {Threei}  okay then

[13:55] {nemo} wonder what's i her closet?

[13:56] {Threei}  AKM 47 I suspect

[13:57] {nemo} what's the "M" stand for?

[13:57] {KSystems} only suitable for "male" targets nemo

[13:58] {Threei}  modernized

[13:58] {nemo} Automat Kalishnikov, I just don't know what the M stands for.  She'd probably be better off with the '74

[13:58] {nemo} oh

[13:59] {Threei}  http://world.guns.ru/assault/as01-e.htm

[14:00] {magoo} im running into restrm nnow to help mkt

[14:00] {Threei}  I am hesitant to make a call on it, but PALM feels like something is ahead still

[14:04] {Threei}  if not for the general market conditions... 9 is the least it could do

[14:04] {Threei}  most likely more

[14:05] {elepet} i'm still in from 7.96 anad it feels strong for some reason.

[14:05] {Threei}  very

[14:05] {Threei}  S) SENATOR DODD (D): PRESIDENT AND FDIC MAY ANNOUNCE NEW ASSISTANCE FOR HOMEOWNERS AS SOON AS NEXT WEEK

[14:05] {Threei}  - says Obama may ask for more TARP funding beyond $700B, but would have to make a strong case for it.

[14:05] {Threei}  heh

[14:09] {Threei}  the way PALM trades makes me think some news is coming, and we see a result of leak

[14:10] {elepet} it actually has been going up steadily for the past couple of weeks.

[14:11] {Threei}  original gap and run was news

[14:13] {Threei}  01/23/09 12:37pm

[14:13] {Threei}  [PALM] Palm, Inc Best Buy Mobile Exec: We are holding talks to sell Palm's Pre smartphone, not yet ready to announce retail deal

[14:13] {Threei}  - says also in discussions with Sprint

[14:13] {Threei}  maybe these talks are getting somewhere

[14:15] {hawkfan4} had to run out for a bit, glad i survived PALM 

[14:17] {dino} what were you doing?

[14:17] {magoo} try hand lotion hawk

[14:18] {Threei}  meanies

[14:18] {hawkfan4} :) lol, i stepped right into my own trap

[14:18] {nemo} glad I wasn't...nevermind

[14:18] {dino} lol

[14:19] {elepet} I'm getting hungry. Please babysit PALM while I'm gone.

[14:19] {Threei}  just in case, lut in sell order at 8.95

[14:19] {magoo} im up 17 dollar menu cheeseburges here

[14:19] {elepet} good idea

[14:20] {Threei}  who knows wat happens while you are out... would be a shame to return to see it ran and droped

[14:21] {Threei}  VP BIDEN: CHINA MUST PLAY BY THE RULES LIKE ALL OTHER MAJOR PLAYERS

[14:21] {Threei}  sigh

[14:21] {dino} biden, please shut up

[14:22] {dino} the v.pres. should be seen and not heard

[14:22] {Threei}  GERN some activity

[14:23] {cosmo} PALM needs to hold

[14:23] {cosmo} or its a double top

[14:23] {cosmo} imho

[14:24] {cosmo} 8

[14:25] {Threei}  holding 8 and returning to high would be C&H

[14:25] {dino} vsec

[14:26] {hawkfan4} tomy

[14:26] {cosmo} palm needs a handle tho

[14:27] {dino} vsec was the -20 mover last week on contract loss

[14:28] {hawkfan4} news on it

[14:28] {dino} 389m contract 2 yr win

[14:29] {KSystems} LBTYA rest out +.25

[14:29] {hawkfan4} yep, have briefing on a diff computer right now, can't post

[14:29] {magoo} any read GS HAWK?

[14:29] {Threei}  some encouraging talk here:

[14:29] {Threei}  WHITE HOUSE PRESS SECRETARY GIBBS: Q4 GDP DATA TOMORROW COULD BE "STAGGERING"

[14:29] {Threei}  - note: Q4 advance GDP data due out at 8:30amET Friday (this is the first of three readings on Q4 GDP)

[14:30] {hawkfan4} gut is it recovers some, long over 84.30 should get it going

[14:30] {magoo} TY bud

[14:30] {dino} these politicians are idiots. like anybody expects good gdp #s

[14:30] {hawkfan4} np, i'm watching it

[14:30] {Threei}  GERN... on daily, 7.50 is important resistance to break

[14:34] {hawkfan4} HIG trying off .50

[14:37] {hawkfan4} nice VSEC dino, took 100 shrs 27.72, thx

[14:37] {dino} gj

[14:41] {KSystems} AFG out rest +.36

[14:43] {Threei}  laserdave, dcc

[14:49] {dino} ks in the zone today, gj

[14:50] {Threei}  yeah, KS and hawk are truly irritating today

[14:50] {larisa} lol

[14:50] {Threei}  :)

[14:50] {hawkfan4} hey! :)

[14:50] {dino} lol

[14:50] {hawkfan4} every dog has his day

[14:50] {KSystems} hey thank you

[14:51] {KSystems} was about time though

[14:51] {Threei}  and the only reason it bothers me is that it's usually my place, pleasure, right and privilege to irritate people

[14:51] {Threei}  I am good at it... and now I feel competition

[14:52] {KSystems} difference is, vad, YOU dont have to be profitable to be irritating

[14:52] {hawkfan4} lol

[14:52] {larisa} rofl!

[14:52] {Threei}  yeah, it comes to me naturally

[14:52] {Threei}  kind of built-in feature

[14:53] {larisa} sometimes you guys can be funny..

[14:53] {Threei}  funny - sometimes... iriitating - aleays. That's my credo

[14:55] {KSystems} s hl FLIR .13 stop .26

[14:56] {hawkfan4} PALM trying for the handle

[14:57] {Threei}  unless market ruins it... volume shaped up for the cup

[15:03] {Threei}  GERN

[15:03] {Threei}  how about that

[15:03] {magoo} u in PALMN?

[15:04] {KSystems} FLIR stopped -.13

[15:04] {Threei}  ashamed to say, yes

[15:04] {magoo} where?

[15:04] {Threei}  anyone took GERN on break?

[15:04] {Threei}  right here mags

[15:04] {Threei}  8.01

[15:04] {tomg} i did vad

[15:04] {Threei}  cool beans tom

[15:04] {tomg} still have 100

[15:05] {Threei}  if protected most of profit, I wouldn't care about 100

[15:05] {tomg} ok

[15:05] {Threei}  7.40 is clean support

[15:06] {Threei}  let it trade with stop under .40 for that last 100

[15:06] {tomg} ok, ty

[15:07] {Threei}  just don't chase it anyone

[15:07] {nemo} I miss anything the last 5 minutes...power out

[15:08] {Threei}  it's not on the stage of the move where chasing is allowed

[15:08] {nemo} what stock, Gern

[15:08] {nemo} Hey KS, you like "Gern"?

[15:08] {KSystems} sigh

[15:08] {Threei}  yes nemo

[15:09] {nemo} sorry k

[15:09] {KSystems} *G*

[15:09] {KSystems} i was wondering who'd be the first to ask

[15:11] {nemo} they'd have to have some background

[15:18] {hawkfan4} GS waking up a bit

[15:19] {magoo} u in?

[15:19] {Threei}  stage

[15:19] {Threei}  huh

[15:19] {magoo} [15:18] {hawkfan4} GS waking up a bit

[15:19] {hawkfan4} not yet, want decisive move over 84 area, keeps getting hammered down

[15:24] {nemo} Charlie Gasparino let go an "Fbomb" on CNBC?

[15:24] {dino} lol

[15:25] {nemo} tp://vodpod.com/watch/1321036-gasparinos-f-bomb-its-a-stupid-fucking-gasp-then-pause-its-a-stupid-debate-?pod=misstrade

[15:26] {dino} i guess cnbc will use that for the reason the markets dropped today

[15:26] {nemo} His last day on the job...at the end of the segment you hear, "Hello, YouTube."

[15:27] {nemo} financials dumping but palm holing...so far

[15:28] {Threei}  ag

[15:28] {Threei}  never mind

[15:29] {nemo} frustrating...huh Vad?

[15:29] {Threei}  ?

[15:29] {nemo} the day

[15:29] {Threei}  not really

[15:29] {nemo} o.k.

[15:29] {Threei}  just sitting out days when I am cold as cucumber

[15:30] {nemo} So...is palm on a cliff, or a springboard?

[15:30] {Threei}  trading for many years, you don't put much significance in any given day

[15:31] {Threei}  look at FAS

[15:32] {nemo} cliff

[15:33] {dino} s/p gap filled

[15:38] {nemo} love this on the market"

[15:38] {nemo} Were seeing a bit of indigestion, said Larry Dyer, a U.S. interest-rate strategist with HSBC Securities (USA) in New York, one of 17 primary dealers that are required to bid in Treasury auctions. Its a mini bear market, and were underwriting in it.

[15:39] {nemo} mini-bear market

[15:42] {hawkfan4} wow, hig dump

[15:43] {Threei}  NY INSURANCE REGULATOR DINALLO: PLANS TO VOTE AGAINST LIFE INSURANCE RELIEF AS MAY NEGATIVELY IMPACT POLICYHOLDERS

[15:43] {Threei}  {LNC HIG MET GNW}

[15:45] {larisa} who said yesterday  HIG goes to 21 nonstop ??? 

[15:45] {nemo} I dunno'?

[15:45] {larisa} the one with 3 eyes

[15:46] {nemo} geez larisa...talk about kickin' a guy when he's down!!!

[15:47] {nemo} I don't think an AK is the only thing untoward she has in her closet

[15:47] {larisa} he is not down :)

[15:47] {Threei}  [13:28] {Threei} frigin HIG will never stop

[15:47] {Threei}  [13:28] {Threei} ever

[15:47] {Threei}  [13:28] {Threei} it will just go to 19... 20...21...

[15:47] {larisa} see ? :)

[15:47] {Threei}  :)

[15:47] {larisa} I never trust men again, even vad

[15:48] {nemo} masochist/sadist

[15:48] {Threei}  right... my today's take is:

[15:48] {Threei}  HIG will never recover

[15:48] {Threei}  ever

[15:48] {Threei}  it will drop to 15...14...13...

[15:48] {larisa} ahha

[15:48] {nemo} Oh, well, if it weren't for women, we'd still be in the frickin' Garden of Eden!!!

[15:48] {larisa} not you nemo..

[15:49] {nemo} stuck my chin out again

[15:49] {dptl} gn all

[15:49] {Threei}  take care dp

[15:49] {nemo} me to bye!

[15:49] {dino} cya dp

[15:49] {larisa} bye :)

[15:49] {Threei}  wow GERN

[15:50] {Threei}  PALM absorbed an awful lot of selling here

[15:50] {nemo} yeah, in the market downswing

[15:51] {nemo} bye folks

[15:51] {elepet} decision time PALM...take $10 profit or hold?

[15:51] {larisa} lol

[15:51] {Threei}  take care nemo

[15:51] {Threei}  elepet... my suggestion:

[15:51] {KSystems} bye nemo

[15:52] {dino} looking as if the funds don't have the funds to mark up any more. the pattern is broken

[15:52] {Threei}  take position small enough not to hurt if something bad happens

[15:53] {Threei}  if it shows more strength tomorrow, you will have ample opportunity to add

[15:53] {dino} cya nemo

[15:53] {Threei}  FAS death was anything but painless

[15:54] {elepet} i have 1000 shares from 7.97.  tendancy is to hold.

[15:54] {Threei}  if it can gnaw through 8 before close, would be a nice encouragement

[15:55] {dino} well thats what you get w/cramer ranting all day yesterday to not fight the fed

[15:55] {Threei}  guy is amazing

[15:55] {Threei}  lookie lookie PALM

[15:56] {dino} i wish they would just say; "let the markets work it out, no more $"

[15:56] {Threei}  no chance

[15:56] {Threei}  they are determined to fix it

[15:57] {elepet} guess i'm holding.

[15:57] {KSystems} IYW out rest +.55

[15:57] {Threei}  wtg ks

[15:57] {KSystems} ty :)

[15:58] {dino} wtg ks good job

[15:58] {KSystems} lucky...

[15:58] {dino} lol

[15:59] {Threei}  hawk... see NURO?

[15:59] {dino} out cat -.09, out t +.10

[16:00] {hawkfan4} yes, bot a little .76 ;) couldn't stand it anymore

[16:00] {Threei}  lol

[16:00] {Threei}  ok gys, thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {hawkfan4} nite all

[16:00] {larisa} good night

[16:01] {fernp} good nite all

[16:01] {patience} goodnight guys, another good day in gold  :)

Jan 28 2009

Somewhat tiresome day. One of those where you have the right read on the market yet hard time utilizing it. Only toward to end of the day things started working out and gave a few nice trades on HIG, FAS, RIMM, DRYS

Session Time: Wed Jan 28 00:00:00 2009

[07:29] {hawkfan4} 'ally

[07:31] {Threei}  "bad bank" inspired?

[07:31] {hawkfan4} that and i think europe and asia up nice

[07:32] {hawkfan4} haven't had enough coffee yet 

[07:32] {Threei}  that's wrong 'rally

[07:32] {Threei}  IMO

[07:32] {Threei}  will fizzle out

[07:32] {Threei}  but who cares... we will take it while it lasts

[07:33] {hawkfan4} think so too, fed day, who knows

[07:33] {Threei}  yeah, and mainly... I just don't think any rally led by financials is going to last

[07:34] {Threei}  recovery in real economy, reversal in job market etc is what needed,

[07:34] {Threei}  thus rally led by techs, yeah, yhat I believe

[07:35] {Threei}  and other stuff like that,

[07:35] {Threei}  stocks that forecast recovery in their respective sectors in real economy

[07:36] {hawkfan4} someday they'll show their hand, but i agree, the financials are a fade at some point

[07:38] {hawkfan4} need more coffee, back in a few

[07:52] {nemo} Gruess dich!

[07:56] {Threei}  nemo :)

[07:58] {nemo} Wie geht's heute (nachmittag?) Jung?

[07:59] {Threei}  umm... who are you talking to? :)

[08:00] {nemo} Oh yeah, it wasn't K that responded.  Morning vodka pick-me-ups might not be a good idea.

[08:00] {nemo} Vad :)

[08:01] {nemo} Oh, the Post Office tried to deliver the  BVO yesterday...to my next door neighbor....

[08:01] {Threei}  lol

[08:02] {Threei}  BAC is trying

[08:02] {hawkfan4} ugg, still looking at my order for BAC at 7.39 that i didn't send

[08:03] {Threei}  C is knocking against 4.30

[08:03] {nemo} Yeah, I heard financials took off last night on talks of the bank

[08:05] {KSystems} hi nemo ;)

[08:05] {Threei}  01/27/09 05:04pm

[08:05] {Threei}  (US) US bad bank plan may be announced next week - CNBC's Liesman

[08:05] {Threei}  - Also reports sources say a bank insurance plan similar to the arrangements given to BoA and Citi is in the works, though sources say it will not be "systematic."

[08:05] {Threei}  - Follow Up as of 11:54 PM EST: Reportedly, the FDIC's Chairman Bair wants to run the bad bank.

[08:05] {Threei}  - Reminder: Senator Dodd confirmed earlier that the Obama Administration is mulling a "bad bank" solution

[08:05] {nemo} K :) guten Nachmittag.

[08:07] {nemo} RIMM not doing too badly either

[08:10] {hawkfan4} morning nemo, all

[08:10] {hawkfan4} BAC .70 break Vad?

[08:11] {Threei}  well... as much as technicals can be trusted premarket

[08:11] {hawkfan4} :) true

[08:11] {Threei}  look at DRYS

[08:12] {Threei}  C chewed through .30... and stalled

[08:13] {Threei}  trying now

[08:14] {Threei}  BALTIC DRY BULK INDEX +1%

[08:15] {Threei}  FAS is up big

[08:16] {Threei}  one of the ways to play financial sector

[08:17] {nemo} Maybe can pay for the Bahamas toay :)

[08:17] {nemo} today

[08:17] {Threei}  FAS is FINANCIAL BULL 3X

[08:17] {hawkfan4} yep, FAZ 3X bear

[08:17] {nemo} Yeah, watch FAS regularly, and it's small cap brother TNA (gotta' love the call letters)

[08:17] {hawkfan4} TYH 3X tech bull

[08:18] {nemo} ERX, ERY energy

[08:18] {nemo} hawk-from Chicago?

[08:19] {hawkfan4} yessir

[08:19] {hawkfan4} where are you?

[08:19] {Threei}  WFC, mama mia

[08:19] {nemo} Hull, Esposito, Makita

[08:19] {nemo} Boston

[08:19] {hawkfan4} Orr

[08:19] {nemo} or was Hull Detroit? getting ol

[08:20] {hawkfan4} Borque

[08:20] {nemo} Yeah, I grew up watching Orr...absolute Magician

[08:20] {hawkfan4} Bobby Hull chicago

[08:20] {nemo} Bourque was such a stalwart class act.  When he won the cup with Colorado, he brought it to Boston to share with the fans.  He settled here

[08:21] {hawkfan4} yeah, i liked him

[08:21] {nemo} on a market note...so, does everything rocket out of the gate, or do we get the proverbial "pull back"?

[08:22] {Threei}  yes

[08:22] {nemo} helpful

[08:22] {nemo} definite maybe I see

[08:24] {Threei}  we are getting first pullback since 8 am in financials

[08:25] {Threei}  if we get so lucky to see C 10-15 cents lower, worth considering

[08:25] {Threei}  BAC, 20-25 cents

[08:28] {nemo} larisa :)

[08:28] {larisa} good morning :)

[08:28] {Threei}  larisa :)

[08:28] {larisa} nemo, vad :)

[08:29] {elepet} good morning all

[08:29] {Threei}  elepet :)

[08:30] {Threei}  not much of pullback so far

[08:31] {Threei}  maybe double top and finally some dip

[08:33] {Threei}  if C holds .45 and breaks .52, that would be little C&H

[08:33] {cujo} morning 

[08:34] {Threei}  cujo :)

[08:35] {cujo} started watching the swing trading video last night.  

[08:35] {cujo} picture of your trading room is funny. 

[08:35] {Threei}  why?

[08:35] {cujo} its the picture of you in what looks like an old submarine...

[08:36] {Threei}  hmm?

[08:36] {cujo} the fake picture in the beginning...

[08:36] {Threei}  I am lost

[08:36] {larisa} time to rewatch your own course :)

[08:36] {Threei}  there is no picture of me in swing trading video as far as I know

[08:37] {larisa} scalp course

[08:37] {cujo} sry.  In the beginning there is a fake photo.  You have a cut out of you on top of some old picture of what look slike a war room or something...  

[08:38] {Onix} Good morning all :)

[08:38] {cosmo} YHOO active at premkt high

[08:38] {Threei}  onix, cosmo :)

[08:38] {cosmo} 12.12

[08:38] {cosmo} 3i:)

[08:40] {Threei}  double top scenario so far

[08:41] {Threei}  cujo... why fake... that's my actual trading environment

[08:41] {cujo} really?  nice...

[08:43] {larisa} and i am Marilyn Monroe

[08:44] {Threei}  carefull... I am very gullible

[08:44] {nemo} doing well from the grave Larisa...

[08:44] {larisa} lol

[08:46] {hawkfan4} BAC getting there

[08:46] {Threei}  C too

[08:51] {nemo} How's ele's "pet" doing?

[08:51] {magoo} morning

[08:51] {Threei}  magoo :)

[08:51] {nemo} mag :)

[08:52] {dino} gm all, here come the 800 point markups (3 days to go)

[08:52] {Threei}  dino :)

[08:52] {Threei}  I see dino won mirc war... magoo is still in combat

[08:52] {nemo} dino :)

[08:52] {cujo} morning magoo, dino

[08:52] {dino} we'll see tomorrow

[08:52] {nemo} dog :)

[08:52] {magoo} sigh

[08:52] {dino} lol nemo

[08:53] {nemo} c'mon Mags, suck it up!

[08:53] {cujo} morning nemo

[08:53] {Threei}  this could be one of those openings when DRYS does its thing

[08:53] {magoo} u pushing your luck lil man {soup nazi to george}

[08:54] {nemo} don't pick on me because I'm short...

[08:54] {nemo} I have a complex

[08:55] {magoo} ahhh nemo..5'1 isnt short he he

[08:55] {nemo} yeah, but it was the perfect height when I hugged my six foot girlfriend

[08:55] {hawkfan4} lol

[08:55] {magoo} UHHHHHH

[08:56] {elepet} old pet gone(gern). not reliable. new pets  dsx and old faithful drys. holding from yesterday. both up  alot this morning.

[08:56] {dino} vprt?

[08:58] {dino} another 5" of snow and still falling. getting tiresome

[08:58] {magoo} where u live dino?

[08:59] {nemo} yeah' we're getting whacked by another bout of white global warming...errr...climate change

[09:01] {hawkfan4} same here dino, got 3 or 4, i'm ready for spring

[09:01] {nemo} we're supposed to get a foot, then rain on top

[09:02] {cujo} hate winter

[09:02] {cujo} sux

[09:02] {magoo} where u live hawk..nemo?

[09:02] {nemo} boston

[09:03] {magoo} ahhhh..been there

[09:03] {magoo} nice city

[09:03] {elepet} you can all come visit me in mexico after Feb 9. . lots of sunshine. 84 degrees. 

[09:04] {nemo} Yeah, it's pretty cool...but the older I get the farther away I want to be from the huddled masses.  I'll take the mountains during hunting season thank you

[09:04] {nemo} Guess I'd have to switch from Vodka to tequila...the worm...

[09:04] {hawkfan4} chicago mags

[09:04] {nemo} where are you Mags

[09:06] {magoo} nort east pennsy

[09:06] {nemo} Oh, jeez...you've got so many deer down there, they're pets!!

[09:06] {magoo} yup

[09:06] {magoo} bear too

[09:07] {magoo} largest black bear in entire country

[09:07] {nemo} how big is that?

[09:07] {magoo} 650 lbs

[09:07] {nemo} yep

[09:07] {nemo} big

[09:07] {cujo} that is a big bear

[09:07] {cosmo} do you get any Bigfoot?

[09:07] {nemo} they hate the cold

[09:08] {cosmo} oh?

[09:08] {nemo} now their cousins the Yeti, on the other hand...

[09:09] {Threei}  if DRYS opens around this level, one of two scenarios is likely:

[09:09] {Threei}  first (my preferrable) is, sharp drop, probably to 11.70- 11.80, then strong rebound

[09:10] {Threei}  second, more risky, break of 11.30 and big jjump

[09:10] {nemo} 11.30?

[09:10] {Threei}  12.30

[09:10] {nemo} ty

[09:12] {elepet} I'm betting on the latter.  hehehehe. that's why i'm still holding.

[09:13] {magoo} just keep in mind...sell this pop could be in the cards

[09:13] {magoo} not saying it is

[09:13] {magoo} but keep in mind

[09:14] {magoo} vad..u watching any of the banks?

[09:14] {Threei}  C, BAC

[09:15] {magoo} WFC C UBS JPM STT

[09:15] {Threei}  you may want to watch FAS also

[09:15] {Threei}  x3 financials

[09:16] {magoo} a long fund?

[09:16] {Threei}  yes

[09:16] {Threei}  FAZ is short one

[09:16] {magoo} faz a short fund correct?

[09:16] {magoo} as i typed

[09:16] {hawkfan4} FAZ is the short 3X financials

[09:16] {magoo} u read my moind

[09:16] {Threei}  scary

[09:17] {nemo} psychic cellmates

[09:17] {Threei}  I have to say for the record, I strongly disagree with most I see in there

[09:17] {nemo} hehehehe

[09:17] {nemo} is it that affinity for sheep vad?

[09:18] {dino} xlf 2x

[09:18] {Threei}  I'll leave it to mags to comment on that

[09:19] {nemo} uyg too Dino

[09:19] {dino} ty

[09:20] {nemo} It's almost like they're all milling around the starting line

[09:21] {dino} fed 2:15 today

[09:21] {Threei}  yeah

[09:21] {nemo} I think the only news that could come out of that is neutral or bad

[09:21] {dino} imo, just relax at open, lets see where it wants to go

[09:21] {Threei}  although I don't know what can come out of it that would be of any surprise

[09:21] {nemo} raising interest rates

[09:22] {dino} lol

[09:22] {Threei}  seems pretty much predetermined non-event

[09:22] {nemo} I agree...that's what scares me...that's what I logically think should happen

[09:22] {Threei}  as far as rates policy goes, we are bound to stall for a while

[09:23] {Threei}  no room to cut and no one is so crazy to start raising just yet

[09:24] {dptl} gm all

[09:24] {Threei}  dp :)

[09:24] {ese} morning

[09:24] {cujo} morning

[09:24] {fernp} hello everybody

[09:24] {Threei}  ese :)

[09:24] {Threei}  fern :)

[09:25] {Threei}  DRYS so far holds the level

[09:25] {Threei}  C and BAC pulled back a bit

[09:26] {Threei}  I'll repost on DRYS for late joiners

[09:27] {Threei}  08:13am Baltic Dry Bulk Index +1%, seventh consecutive increase

[09:28] {elepet} all components are way up today. 

[09:29] {Threei}  FAS is trying to consolidate under 11.20

[09:30] {Threei}  hopefully opening ranges will form over couple minutes, immediate breaks are tough to play

[09:30] {Threei}  DRY seems to go for the first scenario

[09:31] {Threei} Long Setup:  DRYS  .15 if holding above 12, half lot

[09:32] {Threei}  FAS jumped

[09:32] {KSystems} in DRYS

[09:32] {Threei}  big offers there KS... don't be first to buy

[09:35] {KSystems} and out

[09:36] {larisa} STT

[09:36] {Threei}  yup, switches to deeper drop and bounce scenario

[09:36] {Threei}  STT is pure crazy

[09:36] {ese} CENX dino...downgraded from strong buy o buy

[09:36] {nemo} perfect for Mags

[09:37] {Threei}  DRYS is ready

[09:37] {Threei}  .90 break

[09:37] {dino} sm eqix l .00

[09:37] {nemo} look at the orer at .90

[09:37] {nemo} order

[09:38] {Threei}  that's why its break is long trigger

[09:38] {nemo} missed it

[09:39] {Threei} Long Setup:  PLD  11.30 break

[09:39] {Threei}  stop under .20

[09:41] {nemo} what's stop on DRYS .80

[09:41] {Threei}  .75

[09:42] {Threei}  PLD no worky

[09:43] {nemo} lot ov overhead @12 on DRYS

[09:44] {nemo} no worky=invalidate?

[09:45] {hawkfan4} means stopped

[09:45] {Threei}  STT

[09:45] {Threei}  REPORTS EQUITY ASSETS UNDER ADMINISTRATION AT $138B

[09:46] {fernp} cover C +.15

[09:47] {dino} sounds like stt is putting itself up for sale

[09:49] {dino} out eqix .50, +.50

[09:49] {hawkfan4} nice

[09:49] {dino} apol not participating

[09:49] {nemo} Vad would there be  a lot of selling @ this level of DRYS because of the gap up overnight?

[09:50] {dino} ty hawk

[09:50] {Threei}  who cares about whys?

[09:51] {hawkfan4} FAS .25, stop 11

[09:51] {Threei}  C

[09:51] {Threei}  GOVT OF SINGAPORE DISCLOSES PASSIVE STAKE

[09:51] {nemo} probabilities

[09:52] {hawkfan4} stop to 11.10 on FAS

[09:52] {dino} are you sure its not pass the steak?

[09:52] {Threei}  GEORGE SOROS: BAD BANK MAY NOT BE THE BEST WAY TO DEAL WITH FINANCIAL CRISI

[09:52] {dino} talking his book

[09:52] {Threei}  I understand he has a better idea

[09:53] {dino} they need a "bad trades" bank too

[09:54] {cujo} ha ha ha.  error acct bank?

[09:54] {Threei}  market is shaky here

[09:54] {dino} watching t, vz, apol

[09:55] {dino} massive gap ndx from open

[09:55] {Threei}  would hate to see repetition of this yesterday's sharp up and down with no rhytm

[09:55] {fernp} DRYS is forming a DBI

[09:56] {Threei}  either that or double bottom

[09:56] {nemo} hope it's a salmon?

[09:56] {Threei}  nah

[09:56] {dino} gap fill and rock after fed mtg my bet

[09:56] {Threei}  DRYS is practically never a salmon

[09:57] {Threei}  who is uncomfirtable, just scratch it

[09:57] {Threei}  it's around breakeven

[09:57] {nemo} trade the plan

[10:01] {Threei}  FAS looks better and better for you hawk

[10:01] {Threei}  hope I don't jinx it

[10:01] {magoo} RIMM vad..reading it?

[10:02] {hawkfan4} agree, stop under .20 now

[10:02] {Threei}  looks like .90 break on RIMM mags

[10:02] {KSystems} should drys stop be trailed?

[10:02] {Threei}  if holding .70 and if market helps

[10:03] {Threei}  .80 held a few times KS

[10:03] {Threei}  so, it's reasonable

[10:05] {Threei}  lost support

[10:06] {KSystems} stopped

[10:06] {fernp} stopped

[10:06] {dino} t sm l .00

[10:06] {Onix} stppped

[10:06] {nemo} stopped

[10:07] {dino} apol filling gap

[10:09] {Threei}  HIG woke up

[10:09] {Threei}  long time no see

[10:10] {ese} L DISH .80 3/4

[10:10] {Threei}  remember my yesterday's "odd call" on NURO?

[10:11] {hawkfan4} yep, strange stock

[10:13] {Threei}  HIG, sharp pullback into .50 will be interesting for bounce

[10:17] {Threei}  partialing any on FAS yet hawk?

[10:17] {Threei}  or you are in till insane numbers?

[10:18] {Threei}  NURO... sheesh

[10:18] {hawkfan4} gonna dump 1/2 if i see .45 bid

[10:20] {hawkfan4} now .55

[10:20] {hawkfan4} out 1/2 + .30

[10:20] {ese} OUT DISH .04 +.24

[10:20] {Threei}  wtg

[10:21] {ese} tks

[10:22] {hawkfan4} dumped the rest .55

[10:23] {Threei}  .35 - .40 is probably re-entry

[10:26] {nemo} drys back on?

[10:27] {Threei}  on pullback, maybe\

[10:27] {Threei}  breakouts don't work so far

[10:27] {magoo} agree vad

[10:28] {nemo} alot want out at 12

[10:28] {dino}  algt waking up

[10:28] {dino} hod trig imo

[10:29] {hawkfan4} watching BAC .60 break

[10:30] {Threei}  *DOE CRUDE: +6.2M V +2.7ME

[10:30] {Threei}  GASOLINE: -121K V +1.5ME;

[10:34] {Threei}  anyone took FAS on pullback into .40?

[10:35] {cujo} caught that one hawk.  Thanks. 

[10:35] {hawkfan4} got back in .63, nice cujo

[10:36] {cujo} yeah in .62 out here 1:1

[10:36] {cujo} drys making moves

[10:39] {dino} ughhhhh es, we screwed up apol

[10:40] {dino} was waiting 77.22

[10:40] {Threei}  PRESIDENT OBAMA: CONFIDENT IN CHANCES FOR APPROVAL OF ECONOMIC STIMULUS PACKAGE

[10:40] {Threei}  - A congressional Vote is scheduled for today

[10:42] {Threei}  HIG's pullbacks are not as deep as we would want

[10:42] {Threei}  closer to 17 I'd feel safer

[10:43] {Threei}  but if market stages another break, probably won't happen

[10:45] {cujo} l GS .11

[10:46] {dino} obama meets w/ceo's "hey guys, what will you give me if i get you tax $"

[10:48] {Threei} Long Setup:  CHK  .47 if holding above .35

[10:49] {magoo} in

[10:49] {KSystems} in

[10:50] {fernp} in

[10:51] {cujo} in

[10:51] {cujo} target Vad?

[10:51] {dino} out algt .68, +.18, markets pull back

[10:52] {Threei}  as always

[10:52] {Threei}  half out around 1:1

[10:52] {cujo} thanks

[10:52] {Threei}  .50 break should give a spike

[10:53] {dino} wmt, mcd negative

[10:53] {Threei}  HIG better pullback

[10:55] {magoo} as with anything mkt related

[10:55] {magoo} the bathroom indicator has switched today

[10:55] {magoo} if go in restrm..mkt goes up

[10:56] {magoo} so play accordingly

[10:56] {Threei}  just let us know

[10:56] {magoo} yup

[10:57] {Threei}  missed HIG by 1 cent

[10:57] {Threei}  anyone caught it?

[10:58] {cujo} nope

[10:58] {hawkfan4} nope

[10:58] {magoo} nope

[11:00] {KSystems} nope

[11:03] {ese} have enjoyed watching this move by DISH.....classic cup and handle...consolidating...should take off from here

[11:03] {dino} lol

[11:03] {Threei}  market looks ready for a break

[11:03] {ese} bstop 1/2 at .30

[11:04] {ese} should help dish

[11:04] {Threei}  which probably in terms of last day or two trading means we will drop500 points in the next 2 minutes

06[11:04] * KSystems slaps CHK around a bit with a large chart of uptrending NQ

[11:05] {dino} laughing at your "have enjoyed" comment es

[11:05] {Threei}  it pretty much behaves KS

[11:05] {Threei}  just needs market break

[11:05] {Threei}  didn't pull back anywhere as deep as market did

[11:06] {KSystems} i didnt kick it...was just a slap between friends

[11:06] {Threei}  hmmm

[11:06] {Threei}  you mean you don't kick your friends?

[11:06] {ese} make that bstop .29

[11:06] {KSystems} no Vad, I'm a nice guy

[11:06] {cujo} only when they are "down"

06[11:06] * KSystems crosses his fingers

[11:06] {Threei}  my idea of friendship must be different...

[11:07] {dino} throw some salt over your shoulder

[11:07] {magoo} [11:06] {cujo} only when they are "down"

[11:07] {magoo} would have expected that out of nemo lol

[11:08] {cujo} he he he

[11:08] {nemo} I'm so short I'm hitting them in the kneecaps anyway

[11:08] {Threei}  series of promises that actually speak of true friendship

[11:08] {nemo} where'd you get that?

[11:08] {Threei}  1. When you are sad -- I will help you get drunk and plot revenge against

[11:08] {Threei}  The sorry bastard who made you sad.

[11:08] {ese} long .29 dish

[11:09] {Threei}  4. When you are scared -- I will rag on you about it every chance I get.

[11:09] {Threei}  5. When you are worried -- I will tell you horrible stories about how much

[11:09] {Threei}  Worse it could be until you quit whining.

[11:09] {Threei}  6. When you are confused -- I will use little words.

[11:09] {Threei}  7. When you are sick -- Stay the hell away from me until you are well

[11:09] {Threei}  Again. I don't want whatever you have.

[11:09] {Threei}  8. When you fall -- I will point and laugh at your clumsy ass.

[11:09] {Threei}  9. This is my oath.... I pledge it to the end. 'Why?' you may ask;

[11:09] {Threei}  'because you are my friend'.

[11:09] {Threei}  now, guess who sent that to me

[11:10] {nemo} Vad lies

[11:10] {KSystems} now it may be time for some kicking CHK

[11:10] {Threei}  I don't like this CHK hesitance

[11:10] {dino} the rich guy from africa that wants to use your checking acct

[11:11] {Threei}  let's trail stop to under .40

[11:11] {KSystems} out

[11:11] {cujo} out

[11:11] {Threei}  it should have been at .60 by now if it wanted to go

[11:11] {magoo} i thought it was his wedding vows lol

[11:11] {cujo} ha ha ha

[11:12] {Threei}  my wedding vow was,

[11:12] {Threei}  I don't promise you'll be happy with me... but I do promise you won't be bored

[11:12] {magoo} my was..."i swear i used a condom..but hey...here we are at the altar"

[11:12] {fernp} stopped

[11:12] {nemo} His wife:What's ours is mine, what's yours is mine, and what's mine is mine Vad:  What's ours is yours, what's mine is yours and what's yours is yours

[11:13] {dino} ahh the 3 rings of marriage, the engagement ring, the wedding ring, and the suffering

[11:13] {nemo} which leads to hallway sex

[11:13] {hawkfan4} lol dino

[11:13] {Threei}  FDIC SPOKESPERSON DECLINES COMMENT ON POTENTIAL FOR VARIOUS 'BAD BANK' MANAGEMENT BY GOVT AGENCIES

[11:13] {dino} :)

[11:13] {nemo} FAS on steroids today

[11:14] {magoo} [11:13] {nemo} which leads to hallway sex

[11:14] {magoo} standing on a chair nemo?

[11:16] {nemo} mags' I sent you a personal message

[11:16] {magoo} in dcc?

[11:16] {magoo} ROFLOL

[11:18] {dino}  mcd sm l .50

[11:19] {dino} opps .49

[11:19] {dino} thx chuck

[11:20] {magoo} out GS .75

[11:20] {magoo} TY cujo

[11:20] {cujo} nice

[11:20] {dino} gj

[11:20] {cujo} you got in? 

[11:21] {magoo} yeah..u brought too my attention

[11:21] {cujo} cool.

[11:21] {Threei}  IRANIAN PRES AIDE: NO PLANS TO HALT NUCLEAR WORK IN LIGHT OF US CALLS FOR HALT WITH REGARDS TO UN RESOLUTIONS

[11:22] {Threei}  UPDATE: GM CANCELS CONTRACTS TO BUILD NEW ENGINE PLANT IN FLINT, MI; DOES NOT MEAN THE END OF THE VOLT HYBRID VEHICLE - FOX BUSINESS NEWS

[11:22] {Threei}  HIG

[11:22] {Threei}  trying hard at .50

[11:23] {nemo} HIG's president leaves for Obama's staff

[11:23] {dino} iranian pres., "if obama gives us a few hundred million, we will stop nuclear work for.....hmmmmmm... let's say 6 months

[11:23] {Threei}  that;'s why stock so happy?

[11:24] {nemo} I have know eye deer

[11:24] {magoo} GM to start building nuclear weapons grade for IRAN.."CEO...what the hell..auto indudstry blows"

[11:24] {nemo} mags dcc

[11:24] {magoo} OY

[11:25] {dino} out t .40, +.40

[11:25] {dino} lol magoo

[11:25] {dino} more $$$$ in it

[11:25] {Threei}  if market breaks again, HIG becomes a .50 break play

[11:27] {Threei}  FAS non-stop

[11:27] {magoo} how about pullbk vad?

[11:27] {magoo} hig

[11:28] {Threei}  sure it that's what happens

[11:31] {Threei}  prez on TV

[11:31] {magoo} vad..u ditch CHK?

[11:32] {Threei}  yes

[11:32] {magoo} DAMMIT

[11:32] {Threei}  ?

[11:33] {magoo} just funnin

[11:34] {dino} deck

[11:34] {Threei}  HIG pulled back about 20 cents

[11:35] {Threei}  GM

[11:35] {Threei}  CONFIRMS WILL CLOSE JOBS BANK ON MONDAY

[11:37] {ese} just finished looking at a whack of daily charts.....a ton of double and triple bottoms been put in....

[11:37] {nemo} C&H on DRYS?

[11:38] {Threei}  don't know on DRYS

[11:38] {nemo} probably a bit ragged

[11:42] {Threei}  that was one spectacular bounce HIG

[11:42] {elepet} is anyone still in drys?

[11:42] {hawkfan4} geesh, was trying to get an order ready on HIG and it was gone

[11:42] {magoo} not i

[11:43] {cujo} yeah lot of names just bounced. 

[11:43] {Threei}  hawk, what are you, typing in datek order form?? :)

[11:43] {hawkfan4} lol, no, i fax it to my broker ;})

[11:44] {nemo} what? no carrier pigeon?

[11:44] {hawkfan4} i've upgraded

[11:44] {dino} lol

[11:44] {nemo} carrier hawk?

[11:44] {hawkfan4} exactly

[11:45] {ese} It's traditional for the Canadian finance minister to buy new shoes before a new budget is released.......rumor has it that our guy bought some CROC's.........

[11:45] {nemo} as in Taurine Excrement

[11:46] {cujo} mmmmmm...  taurine......

[11:46] {ese} maybe nemo......ya just never know up here

[11:48] {nemo} we can be more sure down here....definitely!

[11:54] {dptl} we have airline etf now..faa

[11:56] {magoo} DRYS is different today vad imo.........its gonna surprise to upside just to p*ss magoo off

[11:56] {dino} deck a bit crazy

[11:57] {dino} taunting me, like a siren sog to short it

[11:57] {dino} song

[12:01] {Threei}  HIG broke

[12:03] {Threei}  watching for pullback

[12:03] {Threei}  you are thinking .20 reak on DRYS still mags?

[12:03] {elepet} magoo..are youa DRYS fan?

[12:04] {i2romantis} CHK?

[12:04] {Threei}  not sure about it i2r

[12:05] {magoo} more like antiDRYS here

[12:05] {elepet} sae same

[12:05] {dino} sm l wmt .74

[12:05] {nemo} so....wetships?

[12:05] {elepet} I can't seem to sell it. in from 11.82 yesterday.

[12:06] {nemo} emotionally attached again elepet?

[12:06] {elepet} yup.

[12:06] {Threei}  it's just a symbol

[12:06] {Threei}  4 letters

[12:06] {Threei}  what to be attached to

[12:07] {nemo} must have been somethin' in his childhood

[12:07] {cujo} going to run some errands.  See you all in a few. 

[12:07] {Threei}  in all fairness, it does form the setup... .10 - .20

[12:08] {magoo} agrre vad..but really do hate it

[12:08] {Threei}  AAPL strength

[12:09] {Threei}  HIG is ready for sharp dive

[12:09] {nemo} getting right shoulder on FAS?

[12:11] {Threei}  looked like dive under .50, HIG... held above

[12:13] {i2romantis} out CHK +.15

[12:14] {dino} gj

[12:15] {i2romantis} learning to be emotionally detached from price going up after i sell :)

[12:16] {magoo} out .71 CHK

[12:16] {magoo} TY vad

[12:16] {Threei}  HIG... .75 break if breaks are back

[12:16] {Threei}  can't tell whether they are...

[12:16] {Threei}  .50 one worked

[12:17] {Threei}  so did CHK

[12:18] {dino} i2r, exactly, a scalp is a scalp

[12:18] {i2romantis} yep

[12:23] {i2romantis} funny, if i followed the strategy for raising stops (which I did in my mind once i sold), i'd be selling it at .83, another +.2 with no risk, so that's another learning, not trying to jump ship when already in profit zone

[12:24] {i2romantis} but a great thing about scalping is that another trade is pretty much around the corner :)

[12:25] {Threei}  partialling out is the answer for this kind of situations, i2r

[12:25] {dino} i2, good job

[12:25] {dino} always a hundred trades out there.

[12:25] {dino} thats why i trail tight w/stops, expecially when in the $

[12:26] {i2romantis} ok

[12:26] {dino} thin atm machine

[12:26] {dino} think

[12:26] {Threei}  HIG revisited .50 once again

[12:27] {Threei}  DRYS broke, and makes new highs slowly

[12:27] {magoo} must confess took .24 DRYS

[12:28] {elepet} passed .30. now what?

[12:28] {magoo} prob disappoint

[12:28] {magoo} time for RIMM to catch up

[12:29] {magoo} ketchup??

[12:29] {Threei}  it's already above 1;1

[12:30] {Threei}  anyone took HIG this time?

[12:31] {hawkfan4} not me, just watching for now

[12:37] {Threei}  all I see is microscalps

[12:37] {Threei}  7 cents here, 12 cents there

[12:38] {Threei}  market is consolidating for another leg up, and most likely that's what is going to happen

[12:38] {nemo} are you talking today Vad?

[12:38] {Threei}  yeah

[12:39] {nemo} ty

[12:42] {dino} leg up? pretty much stuuck in tight range

[12:43] {dino} time will tell

[12:43] {larisa}  I will pretend i am dino and say we finish DJI +45 today again :)  dino, pretend you are you, what you say ? :)

[12:44] {dino} +300

[12:44] {larisa} wow

[12:44] {dino}  end of day fri 8900

[12:44] {Threei}  I am with dino

[12:44] {dino} next week -6%

[12:44] {dino} that's the pattern

[12:45] {dino} they hasve to paint the tape so mutual fund statements don't look so bad. $ needs to stay in. fed says (win-wink) we are not paying attention to that right now

[12:56] {nemo} HIG hiccupping

[12:56] {Threei}  HIG became a regular bouncer off each selloff

[12:57] {Threei}  RIMM... if market helps, 58 break for a scalp

[12:57] {larisa} 56?

[12:57] {Threei}  56

[12:58] {magoo} in 58

[12:59] {Threei}  overp[aid a bit I'd say

[13:00] {nemo} nice dump fas

[13:01] {Threei}  HIG almost ready

[13:02] {Threei}  got .26

[13:02] {Threei}  .19 stop

[13:03] {Threei}  half out .35

[13:06] {Threei}  stop to .23

[13:06] {nemo} Mags?  Gotta' go to the bathroom yet?

[13:07] {larisa} lol, what a spike :)

[13:07] {magoo} ok talkin from my keybd in restrm

[13:07] {larisa} stay there magoo :)

[13:07] {Threei}  lol

[13:07] {Threei}  out in full .49

[13:07] {hawkfan4} out HIG +.14, thx vad

[13:08] {jmb} thanks vad

[13:08] {i2romantis} very nice 3i

[13:08] {Threei}  here is that next leg

[13:09] {magoo} out here .57 TY

[13:10] {Threei}  nice

[13:10] {Threei}  more patience than I have

[13:11] {dptl} grabbed .23 on stt bounce

[13:11] {Threei}  wtg

[13:12] {Threei}  I just couldn't bring myself to call it

[13:12] {cujo} miss anything?

[13:12] {dptl} ty

[13:13] {Threei}  just one HIG scalp cujo

[13:13] {Threei}  not much

[13:13] {cujo} thanks

[13:13] {hawkfan4} but it was for 4 dollars

[13:13] {nemo} DON"T TELL HIM THAT

[13:13] {Threei}  for very patient, 4.03

[13:13] {nemo} You guys are mean

[13:13] {hawkfan4} :)

[13:13] {Threei}  and proud of it

[13:13] {dino}  mcd stop to .85

[13:14] {hawkfan4} trying AKS .26

[13:15] {dino} ti .89

[13:17] {Threei}  stop under .20 hawk?

[13:17] {hawkfan4} yep

[13:17] {dino} stopped mcd .89, +.40

[13:18] {Threei}  lol HIG

[13:18] {Threei}  overstretches bands in both directions

[13:19] {nemo} dripping volume on last rise

[13:19] {nemo} dropping

[13:19] {gen} hi everybody :)

[13:19] {Threei}  I like dripping

[13:19] {Threei}  hey gen

[13:20] {cujo} DRYS 12.25?

[13:20] {gen} Vad :)

[13:20] {Threei}  not at the top of such spike

[13:20] {Threei}  let it pull back

[13:20] {Threei}  hig

[13:21] {Threei}  pullback time

[13:21] {Threei}  feels like less deep this time, and then .75 break

[13:24] {hawkfan4} 1/2 out .90 from .75

[13:24] {magoo} read AAPL vad?

[13:24] {Threei}  A

[13:24] {Threei}  A

[13:24] {Threei}  then P

[13:24] {Threei}  then L

[13:25] {Threei}  I can't get any kind of read into such spike mags...

[13:25] {Threei}  no way to tell where it reverses

[13:25] {Threei}  either pullback or consolidation

[13:26] {Threei}  btw hawk... last 1000 shares at .27 on AKS that lifted the offer, remember?

[13:26] {hawkfan4} :) thanks

[13:26] {Threei}  you are welcome

[13:26] {dino} brb

[13:27] {hawkfan4} took a double.  also NUE from 44.26

[13:27] {Threei}  well... who didn't believe me that market was getting ready for the next lift-off, raise your hands

[13:27] {nemo} I'll keep my fins down, thankyou

[13:27] {Threei}  AKS over 1:1

[13:28] {Threei}  frigin HIG will never stop

[13:28] {Threei}  ever

[13:28] {Threei}  it will just go to 19... 20...21...

[13:28] {Threei}  +170 DJI

[13:28] {Threei}  larisa, you start believeing in +300?

[13:29] {larisa} +45

[13:29] {Threei}  aren't you a stubborn one

[13:29] {Threei}  I am out AKS hawk, thanks

[13:30] {Threei}  idiotic day for me... getting right read and having hardest time utilizing it

[13:30] {hawkfan4} nice, my pleasure

[13:30] {nemo} I guess you gotta' keep Mags in the bathroom (or closet)

06[13:31] * Threei prepares the trout for magoo who prepares to say "that's because you are an idiot"

[13:31] {nemo} not nice mags

[13:31] {Threei}  well nemo... last thing we want to see is nice magoo

[13:31] {cujo} l slw .45

[13:31] {Threei}  that wouyld ruin my world

[13:33] {hawkfan4} sold 1/2 aks +.16, out rest HIG +.28

06[13:33] * Threei slaps hawkfan4 around a bit with a large roll of cash

[13:33] {hawkfan4} officially a really nice day

[13:33] {Threei}  sorry hawk... I just had to slap someone

[13:34] {Threei}  and magoo is not giving me an excuse

[13:34] {hawkfan4} np, anytime

[13:34] {Threei}  hmmm... as if I really need one...

06[13:34] * Threei slaps magoo around a bit with a large absence of excuse to slap him

[13:34] {magoo} out RIMM .34

[13:34] {magoo} TY 

[13:35] {Threei}  here is my excuse!

06[13:35] * Threei slaps magoo around a bit with a large roll of cash

[13:36] {dino} i should shovel more often, moves markets up

[13:36] {magoo} hang onnnnnnnnn....i gotta pee .......mkts gonna go BALLISTIC

[13:37] {hawkfan4} LOL

[13:37] {nemo} that you have to go to the bathroom is sufficient

[13:38] {Threei}  I am overwhelemed by the details we get to learn here

[13:38] {i2romantis} lol

[13:38] {nemo} I suppose it could get worse

[13:38] {i2romantis} Dino, you can come shovel some more over here

[13:39] {Threei}  yes nemo but that doesn't matter much - aftre certain level you just go numb

[13:39] {Threei}  kind of that question, you know... C and F are the same at -40,

[13:39] {nemo} that's the challenge to go where you break the numbness

[13:39] {Threei}  how to calculate below that?

[13:39] {Threei}  answer is, who cares? It's too fikin cold to do any math

[13:39] {nemo} I was talking sensibilities not temperature

[13:40] {Threei}  no one appreciates the fine metaphore these days... sigh...

[13:40] {nemo} Yeah, I wouldn't be able to take my fingers out of my mittens so I could count

[13:40] {Threei}  right, and counting with limbs you can't go beyond 4

[13:40] {Threei}  which impedes math abilities

[13:41] {nemo} Here's one for you.  Hey Mags, helmet or anteater?

[13:41] {dino} no thx i2r

[13:42] {Threei}  just as we started picking up worthy plays, Fed time approaches

[13:42] {Threei}  oh i2r, you are in Quebec, right?

[13:42] {Threei}  TV said it's brutal today

[13:45] {Threei}  gen dcc pls

[13:45] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET

[13:45] {Threei}  **consensus expectation is for the rate to remain at 0.25%.

[13:45] {Threei}  **Expectations on today's FOMC statement vary widely, from no change to speculation the Fed could make specific announcements about new actions ranging from buying Treasury securities to adopting explicit inflation targeting. Given the substantial rate cut and additions to the December statement, however, the FOMC may hold off on any major changes in its statement today as it continues to discuss and review alternative actions and awaits the follow through and impacts of the government's TARP and stimulus packages.

[13:47] {cosmo} .50% cut?

[13:47] {magoo} restroom WORX

[13:47] {Threei}  into negative territory?

[13:48] {cosmo} yes....negative

[13:49] {cosmo} its a theory only

[13:49] {i2romantis} yes, in qc

[13:50] {i2romantis} freezing here, as usual

[13:50] {hawkfan4} out rest AKS .37

[13:53] {Threei}  +7 here, sun, warmth...

[13:54] {Threei}  market is p;ulling back befoe announcement

[13:55] {Threei}  if HIG's history today is any indicator, should drop to .70 or so before trying bounce

[13:59] {Threei}  US TREASURY'S GEITHER: NEED TO PRESERVE PRIVATE BANKING, NEW RESCUE PLAN TO COME 'RELATIVELY SOON'; TARP CONTRACTS TO BE VIEWABLE ONLINE

[13:59] {Threei}  - speaking at a TARP oversight meeting

[14:04] {dino} rebel yell

[14:05] {Threei}  ECB'S ORPHANIDES: DANGEROUS FOR CENTRAL BANKS TO 'SAVE' THEIR AMMUNITION, LOW RATE 'AVERSION' MAY AFFECT ACTIONS, MUST PAY ATTENTION TO QUANTITY OF MONEY

[14:05] {Threei}  - Notes that it is a false belief that low rates are ineffective.

[14:05] {Threei}  - stresses these comments are his own opinion and not those of the ECB

[14:05] {Threei}  why is he speaking on behalf of ECB then?

[14:06] {Threei}  it should read: private citizen Orphanides says...

[14:11] {Threei}  Court: cheerleader can't sue a teammate who didn't catch her

[14:12] {Threei}  between that and inability to sue Madoff for lost faith in humanity, there goes my dream to make millions in court

[14:14] {Threei}  FOMC time

[14:15] {Threei}  FOMC HOLD RATE AT 0.25%;

[14:15] {Threei}  {SPY SHY TLT EUR/USD USD/JPY G

[14:15] {magoo} unchanged

[14:16] {Threei}  here comes HIG

[14:16] {Threei}  prepare half lot

[14:16] {Threei}  PREPARED TO BUY LONGER TERM TREASURIES IF COULD IMPROVE CREDIT MARKET CONDITIONS, RATE MAY BE AT EXCEPTIONALLY LOW FOR PERIOD OF TIME

[14:16] {Threei}  - Reiterates inflation could persit below desirable rates

[14:16] {Threei}  - Vote was 8-1 (Lacker Dissented, preferring to purchase US treasuries)

[14:17] {Threei}  - May see gradual recovery in the economy later in 2009, some conditions in financial markets have improved

[14:17] {Threei}  - Discount rate remains unchanged at 0.50%

[14:18] {i2romantis} +.12 in 30 seconds, what a great catch on EGLE, would be nice to have these kinds more often

[14:19] {Threei}  .76 was it on DRYS...

[14:19] {Threei}  too fast to catch

[14:19] {cujo} anyone get in? 

[14:19] {fernp} too fast

[14:19] {larisa} HIG you mean

[14:19] {Threei}  grr

[14:19] {Threei}  HIG

[14:20] {i2romantis} yeah, such a nice sell off at times, if you are quick

[14:20] {i2romantis} I missed second run on EGLE

[14:21] {dino} 80 to go

[14:23] {i2romantis} #3 for EGLE

[14:24] {cujo} rimm

[14:25] {hawkfan4} HIG .82 1/2 lot

[14:27] {hawkfan4} stop .69

[14:28] {dino} gg sm l .10

[14:29] {hawkfan4} stopped -.13

[14:32] {Threei}  FAS fast selling

[14:34] {cujo} thanks Vad

[14:34] {Threei}  caufght it?

[14:34] {cujo} +.06

[14:34] {cujo} nothing amazing but still worth it 

[14:34] {cujo} not bad for 10 sec worth of work

[14:37] {dptl} leaving early....have a good night all

[14:37] {Threei}  take care dp

[14:37] {cujo} see ya dp

[14:39] {dino} cya dp

[14:39] {Threei}  ok market... bounce time

[14:41] {magoo} candidates?

[14:41] {Threei}  FAS, HIG

[14:41] {Threei}  RIMM

[14:42] {Threei}  all jump too ffast for precise call

[14:42] {Threei}  FAS worked twice off 12

[14:45] {Threei}  MS

[14:45] {Threei}  TICKING HIGHER AFTER JIM CRAMER MAKES POSITIVE COMMENTS

[14:48] {dino} kiss of death for it

[14:49] {cujo} short 1 MS .29

[14:50] {Threei}  1?

[14:50] {cujo} 1 lot

[14:50] {Threei}  okay :)

[14:50] {cujo} ;)

[14:50] {cujo} out +13

[14:50] {cujo} .13

[14:50] {hawkfan4} nice

[14:50] {Threei}  you are not fooling around are you

[14:51] {cujo} you mean kidding?

[14:51] {Threei}  nice drop

[14:51] {cujo} yeah, should have held :(

[14:51] {cujo} oh well

[14:52] {Threei}  not necessary held, stock is fast and furious... but partial was probably worthn try

[14:54] {Threei}  FAS back into support and lower BB

[14:54] {cujo} Dino's "{dino} kiss of death for it" inspired me...

[14:54] {Threei}  yes

[14:54] {Threei}  Jom's picks do that regularly

[14:54] {Threei}  Jim's

[14:54] {cujo} think FAS long at 12.00?

[14:55] {Threei}  I doubt it will get that far on this leg

[14:55] {dino} lol

[14:56] {Threei}  it's pattern after announcement was, drop into lower BB, stretch itit a little, then bounce for a scalp

[14:57] {cujo} got ya

[14:58] {magoo} dino turn to bring in egg mcmuffins tomorrow   yummy

[15:00] {dino} rock n roll

[15:00] {cujo} you all trade together?

[15:01] {dino} same floor in building, one door down

[15:01] {dino} kindda sucks for me

[15:01] {cujo} nice to have company. ha ha ha

[15:01] {magoo} HEYYYYYYYY

[15:02] {dino} well, he does have a habit of drinking the beer w/o replacing it

[15:02] {magoo} this is tru

[15:02] {nemo} dino...beer is the same color as...

[15:02] {dino} uh oh

[15:07] {cujo} fast sellling MCD

06[15:07] * magoo slaps &Threei around a bit with a large sugggestions to make a real pick..engage maverick.ENGAGEEEEEEEEEEEE

[15:07] {dino} cut gg .95, -.15

[15:08] {nemo} doin a flyby mags?

[15:08] {Threei}  gotta let this play out mags

[15:08] {magoo} watched top gun last nite with son

[15:08] {Threei}  I don;t like this chaos

[15:08] {nemo} ahhhhh the zen master

[15:08] {Threei}  US HOUSE REP MINORITY LEADER BOEHNER (R): DISAPPOINTED WITH STATE OF STIMULUS PACKAGE

[15:08] {Threei}  see?

[15:08] {magoo} doesnt have to be a long vad

[15:09] {Threei}  this idiotic up ad down on each comment again

[15:09] {Threei}  doesn't matter long or short... just can't read this other than for little scalps

[15:09] {cujo} +.05 mcd

[15:10] {Threei}  see FAS touching under 12, bouncing for quick 10 cents

[15:10] {Threei}  this kind I mean

[15:10] {Threei}  but they are impossible to call

06[15:10] * magoo slaps &Threei around a bit with a large copy of magoos never touched techniques of tape reading to help vad

[15:10] {Threei}  never touched eh

[15:10] {Threei}  that explains it {GGG}

[15:10] {dino} i think that guy was on "growing pains" sitcome

[15:13] {larisa} -100

[15:13] {Threei}  sigh

[15:13] {magoo} i only need 5 winning trades into bell

[15:13] {Threei}  mags, watch FAS

[15:13] {Threei}  you'll get its rhythm

[15:13] {Threei}  rhytm

[15:13] {Threei}  rythm

[15:14] {Threei}  whatever

[15:18] {magoo} from rocky "u cant train me like colored trader{fighter} lol 

[15:18] {magoo} i have no rythm

[15:19] {Threei}  burt you can spell it

[15:19] {magoo} ROFLOL..actually looked and copired yours

[15:19] {larisa} lol

[15:19] {Threei}  hmmm... how did you pick one of three then?

[15:21] {magoo} any read HIG?

[15:21] {Threei}  breakdown

[15:21] {Threei}  drop into .30 roughly after losing .50

[15:21] {Threei}  bounce from just under it most likely for small scalp

[15:21] {Threei}  then have to reevaluate

[15:22] {nemo} taking FAS w/it

[15:22] {dino} cat going for gap fill

[15:22] {Threei}  FAS closer to .80

[15:22] {dino} meow

[15:23] {Threei}  here comes the bride

[15:23] {Threei}  err HIG

[15:24] {Threei}  first strength from here

[15:24] {Threei}  in

[15:24] {magoo} .17

[15:24] {Threei}  stop under .10

[15:25] {Threei}  takes too long...

[15:25] {Threei}  this kind of selloff should bounce faster

[15:25] {cujo} stopped

[15:26] {hawkfan4} BAC short under .20?

[15:27] {Threei}  hard to tell

[15:27] {KSystems} fas

[15:27] {Threei}  we are getting a bit overstretched

[15:27] {dino} 3:40

[15:27] {magoo} out

[15:27] {nemo} well, there was the gap up overnight...plenty of room for profit taking

[15:28] {Threei}  back in HIG .92

[15:29] {Threei}  half out

[15:29] {Threei}  .10

[15:30] {cujo} out HIG +.12

[15:30] {cujo} Thanks

[15:30] {Threei}  out in full

[15:31] {Threei}  too soon

[15:32] {nemo} good profit in a fast market though...as you said...every little comment

[15:34] {magoo} .92 was a sweet entry

[15:34] {Threei}  and it surprizingly sat there for quite a fedw seconds

[15:34] {magoo} lonf Q here

[15:35] {magoo} .12

[15:35] {magoo} small

[15:35] {magoo} lookin for 3:40 bounce

[15:35] {magoo} ala ding dong

[15:36] {cujo} Thanks magoo

[15:36] {Threei}  why did I ever sell HIG?

[15:36] {magoo} huh?

[15:36] {cujo} +.10

[15:36] {nemo} fear and greed?

[15:39] {dino} both

[15:39] {magoo} greed much stronger

[15:40] {dino} giddy-up 3:40

[15:40] {Threei}  FAS explosion

[15:41] {Threei}  should p;ullback closer to .10 now for another leg up

[15:44] {Threei}  lol

[15:44] {Threei}  A Russian "cyber-militia" has effectively knocked the central Asian republic of Kyrgyzstan offline in recent days

[15:44] {Threei}  A spokesman at the Russian embassy in Washington couldn't be reached for comment. The Kyrgyz government couldn't be reached for comment. U.S. officials couldn't immediately be reached for comment.

[15:44] {Threei}  all for different reasons I assume

[15:44] {magoo} in TOP GUN..russians pilots stunk

[15:44] {hawkfan4} lol

[15:44] {Threei}  Kyrgyz government in particular because of being offline

[15:45] {magoo} thats a tru story u know :)

[15:45] {Threei}  who caught FAS?

[15:45] {cujo} here

[15:45] {Threei}  :)

[15:45] {dino} they have to get them on the phone or by mail

[15:45] {magoo} im nursinhg Q

[15:45] {cujo} yes, :) indeed

[15:46] {Threei}  ideal pullback rioght into support and immediate bounce

[15:46] {dino} no comment because server out

[15:46] {magoo} that wasnice vad

[15:46] {magoo} saw it

[15:46] {hawkfan4} i got FAS +.11

[15:46] {dino} c'mon, that was funny

[15:46] {Threei}  great reflexes guys

[15:46] {magoo} TY

[15:47] {cujo} thanks.  great call.

[15:47] {Threei}  day slowly becomes brighter

[15:47] {Threei}  too bad it's over, lol

[15:47] {magoo} lets trade AFTERHOURS

[15:47] {dino} larisa, only 120 to go

[15:47] {magoo} drink beer to

[15:47] {cujo} any suggestions for something to hold overnight?

[15:47] {magoo} NEVER DINO

[15:47] {larisa} my way too, dino :)  nobody wins :)

[15:48] {Threei}  cujo... I have some, but this is family-oriented room

[15:48] {cujo} ha ha ha

[15:48] {cujo} punny

[15:48] {nemo} I was waiting for that

[15:48] {nemo} no cujo puny

[15:48] {Threei}  who are you calling punny?

[15:49] {cujo} should have known i was setting myself up for that....

[15:49] {magoo} Q baby

[15:49] {magoo} kickin

[15:49] {magoo} puillin

[15:49] {Threei}  well, you did walk right into that :)

[15:49] {magoo} punchin

[15:49] {magoo} pinchin

[15:49] {Threei}  magoo is having fun

[15:49] {magoo} SIGH

[15:50] {Threei}  or should I say, his version of marital realtionship

[15:50] {dino} unusual

[15:50] {dawg} thanks magoo +.14 Q's

[15:50] {nemo} back to the sheep again

[15:50] {magoo} DAWG:)

[15:50] {Threei}  nice bounce everywhere

[15:50] {dino} 100 larisa, need 10 pts/min.

[15:50] {Threei}  told ya we were overstretched

[15:51] {hawkfan4} nice call

[15:51] {larisa} I think you are one day late, dino, tomorrow  +300:) 

[15:51] {Threei}  one day early you mean

[15:51] {magoo} [15:50] {Threei}  told ya we were overstretched

[15:52] {magoo} thanx to me getting u back in a plane

[15:52] {larisa} right 

[15:52] {Threei}  I thought your method was to go to restroom, mags...

[15:52] {fernp} good evening all

[15:53] {magoo} vad..your trading room mate will be assigned to u in bermuda...and if no one wants it...give me a call...ill fly,er um, trade with ya

[15:53] {Threei}  take care fern but FAS is trying to break

[15:53] {fernp} too late for me. see you all tomorrow

[15:53] {Threei}  okay :)

[15:53] {dino} good  evening fernp

[15:54] {Threei}  for the last one, waatch FAS qwuick drop to .20 or just under

[15:55] {Threei}  .40 break is right one chart wise, but so close to eod, I wouldn't go for it

[15:56] {Threei}  what do you know, even that worked

[15:56] {dino} 95 larisaaaaaaaaaaaaaaa

[15:56] {larisa} +200 all you get. no arguing!

[15:57] {Threei}  she is strict dino

[15:57] {dino} indeed

[15:57] {magoo} tell me about it

[15:58] {dino} mr. jones cranking

[15:58] {magoo} still in Q

[15:58] {magoo} from god knows where

[15:59] {nemo} goin'for the FAS pullback......not

[15:59] {Threei}  no

[15:59] {Threei}  1 min left

[16:00] {dino} out wmt .72, -.02

[16:00] {nemo} thus the "......not"

[16:00] {Threei}  tired as hell

[16:00] {Threei}  somehow today was exhausting

[16:00] {hawkfan4} me too

[16:00] {nemo} liquid rejuvenation

[16:00] {Threei}  have a good evening guys, see you tomorrow

[16:00] {larisa} see you tomorrow guys

[16:00] {cujo} see you all tomorrow. 

[16:00] {nemo} nite

[16:01] {hawkfan4} thx vad, nite all

[16:01] {magoo} ty vad..all