January 18, 2008

Session Start: Fri Jan 18 00:00:00 2008

Session Time: Fri Jan 18 00:00:00 2008

[05:11] {Threei} 8 am, and they are out in full force... no rest for wicked indeed:
[05:11] {Threei} FED'S LACKER: BUSINESS SPENDING SLOWDOWN MAY UP RECESSION ODDS, MUST ADDRESS OTHER INFLATION, NOT JUST CORE
[05:11] {Threei} - economic growth could be slow in coming months; - Economic Growth To Be 'Very Weak' For Several Months
[05:11] {Threei} - Further easing 'quite possible'
[05:11] {Threei} - Higher inflation trend could complicate Fed policy
[05:11] {Threei} - Must keep overall inflation anchored, not just core rate
[05:11] {Threei} - Expects moderate job growth in 2008
[05:21] {Threei} US TREASURY SECRETARY PAULSON: THE US ECONOMY HAS SLOWED DOWN, -RISKS ARE TO THE DOWNSIDE - WIRE CITING TV INTERVIEW
[05:21] {Threei} - Opposes moritorium on mortgage foreclosures
[05:21] {hawkfan4} they never sleep
[05:22] {Threei} - Higher inflation trend could complicate Fed policy... and ... plan to get money into economy this year
[05:24] {Threei} THE GUARDIAN is scared:
[05:24] {Threei} - "Here are a few facts we learned about the US yesterday: housing starts in December hit their lowest level in 16 years and the property market "appears to be in freefall", according to the boss of the Cleveland Federal Reserve. If housing starts fall another 20%, the position will be the worst since record-keeping began in 1959."
[05:24] {Threei} - "The futures market, having heard the Fed chairman, Ben Bernanke speak, thinks there is a 44% chance that interest rates will be cut by 0.75 percentage points at the end of this month, something that has not happened in decades."
[05:24] {Threei} - "Now here's the really scary bit: Merrill Lynch's ghastly fourth-quarter figures included a $3B write-down "related to the firm's hedges with financial guarantors." The prose may be drab, but the meaning is electric: Merrill is saying that insurers who have written guarantees for certain bonds may not be good for the money."
[05:33] {Threei} Nuggets of wisdom continue pouring in:
[05:33] {Threei} FED'S LACKER: SOMETIMES THERE IS AN UNPREVENTABLE DECLINE IN GROWTH
[05:33] {hawkfan4} lol
[05:33] {Threei} I need Raven's reassurance...
[05:34] {Raven} incredible
[05:34] {Raven} pathetic
[05:34] {Threei} I feel grossly inadequate at times when so much wisdom ios being given from high above to unworthy me, and for free
[05:35] {Raven} it ain't free ... we're paying the salaries of these turkeys
[05:35] {Threei} amnot
[05:35] {Threei} am across the border
[05:35] {Raven} damb Canuk
[05:35] {Threei} free for me
[05:35] {Raven} eh ?
[05:36] {Threei} unless you consider disdusting CAD/US exchange rate my form of payment
[05:36] {Raven} sort of
[05:36] {cosmo} hmm ...maybe a good time to bye
[05:37] {Threei} btw, younder worthy proceeded to say:
[05:37] {Raven} bye ?
[05:37] {cosmo} cell?
[05:37] {Threei} FED'S LACKER: STIMULUS PLAN CAN SOMETIMES HELP RESTORE GROWTH - Q&A- ' Says We pay attention to the USD alot', as lower dollar provides some inflation boost
[05:37] {Raven} sigh
[05:37] {cosmo} agree
[05:37] {Raven} cold ... 14F
[05:38] {Threei} not as cold as in my former habitat... - 40 F
[05:38] {Raven} ouch
[05:38] {cosmo} 40F here .. i think
[05:39] {Raven} cosmo in paradise
[05:39] {Threei} Bobby Fischer died
[05:39] {Raven} yes
[05:40] {Threei} hey, he isn't done yet:
[05:40] {Threei} - Notes not troubled by foreign investment in US banks and financials, expects more, reiterating Fed speak
[05:40] {Threei} why would he be troubled by that?
[05:40] {Threei} it's investors who should be
[05:40] {Threei} I mean, if you give me 10 mil, would I be troubled?
[05:40] {Threei} not in the least
[05:40] {Threei} should you?
[05:41] {Threei} by all means
[05:41] {Raven} and you would be gone in an instant
[05:41] {Threei} faster
[05:41] {Raven} lol
[05:41] {Threei} that would go like that:
[05:41] {Threei} you make a transfer, then click Reload Page,
[05:41] {Threei} before it refreshed, me is so gone
[05:42] {Threei} you pick up the phone and call me,
[05:42] {Threei} guess what you hear?
[05:42] {Threei} Number not in service
[05:42] {BillyD} morning RT :)
[05:42] {Raven} but you could stay here .... invest the $10M ... turn it into $1M
[05:42] {Threei} Billy :)
[05:43] {Raven} hi BD
[05:43] {Threei} you e-mail, autoresponder says "returned, mailbox non-existent"
[05:45] {cosmo} SWKS
[05:45] {Threei} frikin IBM
[05:45] {Threei} we needed this gap up as rabbit needs STD
[05:48] {BillyD} anything worthy this morning so far....don't see much
[05:49] {Threei} don't rush billy, we have all day to find all that is not worthy
[05:49] {BillyD} :)
[05:49] {Threei} be back in 5... don't buy all IBM there is while I am gone
[05:49] {dino} gm all
[05:50] {BillyD} dino :)
[05:51] {cosmo} SGEN public offering of $10M @ $9/sh
[05:51] {cosmo} 9.35 pre mkt recovery high ..fwiw
[05:52] {dino} gm bd
[05:54] {Threei} dino :)
[05:58] {Threei} FED'S LACKER: LOWERED GROWTH FORECAST SINCE DEC EMPLOYMENT REPORT, MORE INCLINED TO CUT RATES -Q&A COMMENTS- Notes inflation is still higher than he would like and Fed should not ignore it, not worried about over shooting on rate cuts
[05:59] {dptl} good morning all
[05:59] {Threei} dp :)
[06:03] {esemde} morning rt's
[06:03] {Threei} ese :)
[06:03] {esemde} when does the schrub....or is that Bush give his highlight package speech today?
[06:04] {dino} just short it es
[06:04] {esemde} ok...can do
[06:09] {bruce} acor looks potentially poised for breakout
[06:14] {esemde} has to be some kind of technical bounce at least in the market......every stock that i'm looking at has had the crap kicked out of it
[06:14] {esemde} brutal looking charts
[06:17] {magoo} morning, running a lil late w/snow
[06:17] {Threei} mags :)
[06:18] {bruce} throws a snowball at mags
[06:18] {esemde} magoo
[06:18] {Threei} yes ese, but being too early in attempts to find a bottom will kill many
[06:19] {Threei} market can stay irrational longer than one can stay solvent
[06:19] {Threei} and usually does
[06:19] {esemde} indeed....
[06:19] {esemde} sure has been interesting to watch
[06:20] {esemde} to be honest...kind of scares the ...you know what out of you
[06:21] {dino} back in 30
[06:21] {Threei} only that first time you see this kind of meltdown
[06:22] {Threei} as you learn to stay mostly on a sideline during such emotional times and pick up only those crumbs you can read clearly, you find it rather enetrtaining and very reassuring,
[06:22] {Threei} world is bleeding, you are scalping your little plays here and there
[06:23] {esemde} true
[06:23] {Threei} world loses billions, you make your modest hundreds
[06:23] {lumdus} gm all. what's the futures at ?
[06:23] {magoo} u watching solf csiq vad?
[06:23] {Threei} evryone says "ouch, this is cruel", you say "ugh, really/"
[06:23] {esemde} lum +17 for S&P's
[06:23] {Threei} NQ is +18.5 lum
[06:24] {lumdus} tks. nice rebound hre
[06:24] {Threei} yes mags, this group seems to be destined to recover big when market pressure is easing finally
[06:24] {esemde} maybe.....should tank when bush does his thing
[06:24] {Threei} yeah, this rebound to me is nothing but agony prolongation
[06:26] {Threei} don't forget guys, this is friday before the long weekend
[06:26] {esemde} what time...our time does he do his speech
[06:26] {esemde} this is a long weekend for the Market Vad
[06:26] {Threei} not sure ese
[06:27] {Threei} yes
[06:27] {Threei} STOCK MARKETS IN FREE FALL: SEMANTICS OF A BEAR MARKET- "A bear market is a fall of 20% that was preceded by a rise of 20%," says Bespoke Investment Group. "Currently, the bears are one for five, with the Russell 2,000 falling into bear market territory today. The Nasdaq looks to be the next to go if we don't get a turnaround real soon. The tech-heavy Nasdaq is now 18% below highs reached on October 31st and has just 2% to go on the downsid
[06:27] {Threei} The S&P 500, DJIA and Russell 1,000 are all about 15% off their highs. With the free fall we're in now, we could easily be five for five by the end of January."
[06:28] {Threei} IBM at some point should be a short
[06:28] {Threei} not rushing in, this is kind of "too obvious"
[06:28] {Threei} so hopefully qwe can find the moment when it kills early pessimists
[06:29] {Threei} then profit from reality setting in
[06:31] {Threei} see this somewhat uncharacteristic volatility on IBM?
[06:32] {BillyD} yes, some drop
[06:32] {Threei} good sign of emotions running high, and early birds getting killed
[06:32] {BillyD} yeah, 1pt in one sec
[06:32] {BillyD} bids disappeared
[06:32] {Threei} this dollar between 105.5 and 104.5 was not a normal trading by any means
[06:33] {Threei} on both sides
[06:33] {BillyD} no
[06:33] {BillyD} especially for a thicker stock
[06:33] {Threei} yes
[06:33] {Threei} small shares short under .80
[06:33] {Threei} stop above 106
[06:34] {Threei} no aggressive entry between those levels
[06:35] {Threei} got .75, just 200 shares
[06:36] {lumdus} i thought futures where hire
[06:36] {magoo} long fslr .70 small 300 sh
[06:36] {BillyD} out IBM + .33
[06:36] {Threei} out +.50
[06:36] {BillyD} too sooon
[06:37] {BillyD} ty Vad
[06:37] {Threei} welcome
[06:37] {Threei} what rpice did you get?
[06:37] {BillyD} took 1/2 on first drop at .46
[06:37] {BillyD} .80
[06:37] {magoo} arca good today? have hidden
[06:37] {Threei} no, I mean on entry
[06:37] {Threei} oh
[06:37] {Threei} good fill
[06:37] {BillyD} when I saw bid drop I hit it
[06:38] {BillyD} order was at .76 I think
[06:38] {Threei} I had .70 limit, got just 200 at .75 and nada after that
[06:38] {BillyD} it got squirrely there after first drop
[06:39] {cosmo} swks
[06:39] {cosmo} 8 test
[06:40] {cosmo} gee
[06:45] {Threei} IACI
[06:45] {Threei} short .30 half lot
[06:45] {Threei} .51 stop
[06:46] {BillyD} it triggered right
[06:46] {Threei} yes
[06:46] {BillyD} ok in .34
[06:48] {BillyD} stubborn here
[06:50] {Threei} the stubborner they are the gooder they behave when/if they give in (I can hear raven groaning)
[06:50] {BillyD} lol
[06:50] {Raven} {}
[06:52] {lumdus} "the gooder". he hee
[06:53] {bruce} why .50 for stop vad - looks like .45 would have been enough
[06:53] {Threei} let's trail to .46 now
[06:54] {bruce} k - gooder by me
[06:55] {Threei} IACI becomes deader by minute
[06:56] {Threei} stop to .41
[06:56] {Threei} couldn't break .40 earlier so let's play it by the book
[06:57] {Threei} I am not about to yield any single cent to the enemy today
[06:58] {BillyD} how's arca...I have it turned off
[06:58] {Threei} so far so good
[06:58] {BillyD} ty
[06:59] {bruce} ibm looks to be setting up for another drop
[06:59] {Threei} out
[06:59] {dptl} stopped too
[07:00] {bruce} likewise - just my luck - missed ibm got stopped iaic
[07:00] {Threei} DEC LEADING INDICATORS: -0.2% V -0.1%E
[07:00] {Threei} *JAN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 80.5 V 74.5E
[07:01] {Threei} look at NQ jump
[07:01] {BillyD} yeah, didn't help us
[07:01] {Threei} that's illustration to the point I made a day ago
[07:01] {Threei} shorting downtrend in bear market is not the same as going long in uptrend in bull
[07:02] {esemde} how do you mean Vad?
[07:02] {Threei} why would confidence be so much higher than estimate?
[07:02] {Threei} well, downtrend in bear market is getting interruopted more often
[07:02] {Threei} and spikes are quite violent
[07:03] {esemde} which means there is a turnaround coming
[07:03] {Threei} not necessary
[07:04] {bruce} we should be gettign some nice big downdrafts
[07:04] {Threei} it's just that: bear markets are tougher to trade even for those who are comfortable with shorting
[07:05] {Threei} more shakeouts
[07:05] {esemde} OK....i get it
[07:07] {dino} sm l gs 191.45
[07:07] {Threei} keep ARCA off Billy... bs started :)
[07:07] {BillyD} sheesh, ARCA sticking
[07:07] {BillyD} lol
[07:07] {magoo} yeah..i hid it AGAIN
[07:07] {magoo} rewally screws u up
[07:08] {BillyD} especially in these real volatile ones
[07:08] {Threei} 11:50 for the speech TV said
[07:08] {Threei} EST
[07:08] {cosmo} speech?
[07:09] {Threei} ummm... toast?
[07:09] {Threei} AAPL
[07:09] {Threei} small shares long .75
[07:09] {Threei} stop under .50
[07:10] {BillyD} it trigger?
[07:10] {bruce} stpped aapl
[07:10] {Threei} and went to .90 after that
[07:11] {BillyD} ok, by time I pull up....it's hard to tell sometimes
[07:11] {dino} gs stop to b/e
[07:13] {dino} out gs 192.50, +1.05
[07:16] {Threei} XLNL short under 21
[07:16] {Threei} half lot
[07:16] {Threei} 21.06 stop
[07:16] {Threei} sorry, 21.04
[07:17] {lumdus} xlnl .. no quotes for that damm !
[07:17] {Threei} XLNX
[07:18] {BillyD} blinked, it broke and missed it
[07:18] {BillyD} good setup
[07:19] {dptl} yes same here Bd
[07:19] {bruce} me too guys
[07:19] {bruce} should work out fine since I missed it
[07:19] {lumdus} try again .. close enough
[07:19] {Threei} what limit did you use?
[07:19] {BillyD} .97
[07:20] {dino} lol bruce
[07:21] {bruce} sheesh dino - lost on every trade but one yesterday
[07:22] {dino} yesterday is dead, bury it or it'll stink of the place
[07:22] {dino} up=of
[07:25] {BillyD} cosmo...you watching SWKS
[07:26] {cosmo} 8.24 hod
[07:26] {BillyD} is it strong for a b/o if triggers
[07:26] {BillyD} don't know it's behavior
[07:26] {cosmo} watch the 8.20 test
[07:27] {BillyD} k, thx
[07:27] {cosmo} then decide
[07:28] {esemde} i'm watching SWKS Billy ....was thinking long
[07:28] {esemde} at .20
[07:29] {BillyD} if it holds here and goes maybe then.....can't seem to find much confidence in stocks doing what is expected either way so far
[07:29] {esemde} what would you look for at the .20 test cosmo
[07:29] {lumdus} nvda
[07:30] {dino} xlf l .90, stop lod
[07:30] {Threei} CSIQ, .45 long if holding above .20
[07:30] {Threei} C&H
[07:31] {lumdus} nvda nasty pullbacks ouch
[07:31] {cosmo} increased pace of activity and a melting wall would be a sign
[07:31] {cosmo} i think
[07:33] {lumdus} csiq stop ?
[07:33] {Threei} [10:30] {Threei} CSIQ, .45 long if holding above .20
[07:33] {lumdus} it trigger no ?
[07:33] {esemde} thanks cos...
[07:34] {Threei} sigh
[07:34] {lumdus} damm.
[07:35] {cosmo} XLNX again?
[07:35] {Threei} not sure
[07:36] {esemde} long SWKS agressive entry 8.14 half lot
[07:36] {BillyD} CSIQ true to form....lol
[07:36] {esemde} stop .94
[07:37] {dino} spwr l sm .75 wide
[07:38] {dino} xlf stopped .85 -.05
[07:39] {dino} spwr stopped -.65
[07:40] {dino} rinsed spwr
[07:40] {lumdus} yeah, csiq took my profit for the day. what a nasty one.
[07:40] {Threei} KLAC .71 long , stop under .60
[07:41] {Threei} how many shares of it did you play??
[07:41] {esemde} OK have a question..if I wanted to add another 1/2 lot to swks should i do it on a dip or as it breaks the high
[07:42] {esemde} is one method better than the other....
[07:42] {dino} dk es, i never add
[07:42] {Threei} not really... they are just different, personal preference
[07:43] {lumdus} csiq 1k
[07:43] {Threei} you are kidding
[07:43] {lumdus} no, i am not. what should i do ?
[07:43] {Threei} do you regulate your shares size depending on stock's volatility?
[07:44] {lumdus} yes, that is 1/2 lot
[07:44] {BillyD} hehe
[07:44] {esemde} SWKS top line 11% growth 26% sequential income growth.....just thought it might be worth it on this one
[07:44] {Threei} let's try it other way... what's your max loss on any given trade?
[07:44] {esemde} first time i've looked at fundamentals on a stock for a long time
[07:45] {dino} don't do it es
[07:45] {Threei} ese is slipping in abyss...
[07:45] {BillyD} rofl
[07:45] {dino} push him vad, end his misery
[07:46] {Threei} lol
[07:46] {esemde} al right...alright....but i'm in gambling mood this morning....i'm warning you....no trades for the last 4 days....
[07:47] {dino} missed a good week es
[07:47] {esemde} have a hook on trigger finger...too pull it away
[07:47] {esemde} i'm getting that impression dino...but i wanted to watch you alll
[07:47] {Threei} the biggest irony of this dialog is, paying attention to fundamentals is being labeled as gambling
[07:47] {dino} roflol
[07:48] {esemde} i agree with that
[07:48] {cosmo} SWKS needs to hold 8 ... a fundamental trading concept for me
[07:48] {cosmo} ... it should hold 8.05 ...imho
[07:49] {dino} reading is fundamental cos
[07:49] {esemde} volume is good +%230 i think it will...
[07:49] {dino} twin l .50, stop .18
[07:49] {Threei} lum?
[07:50] {lumdus} yes,
[07:50] {Threei} let's get to the bottom of this risk control thingy
[07:50] {lumdus} max loss.. i don't have any
[07:50] {Threei} back to MPP then, risk control part
[07:50] {Threei} read how it's calceulated and do it,
[07:50] {dino} what the? twin careful gaps
[07:50] {Threei} that will protect you from situations like this
[07:51] {esemde} SWKS looking like classic trade from Vads Tech of Tape reading p.125
[07:51] {lumdus} let's do this a little alter maybe.. i want to watch something
[07:51] {esemde} duplicate as a matter of fact
[07:52] {Threei} I already said what you need to do lum, do it at your convinience
[07:53] {lumdus} yes, i read it. I was up for the day +.85 and csiq i managed wrong and blew me out. that's just a mistake. no loss for the day, so i am managing the risk.
[07:53] {cosmo} swks 8.05 testing support
[07:53] {esemde} needs sp/nq help
[07:54] {dptl} stopped klac
[07:54] {cosmo} swks patiently waiting for mkt up-turn
[07:54] {bruce} stopped klac
[07:55] {lumdus} short btu
[07:55] {esemde} where is your buy poin t cos if it turns up
[07:55] {lumdus} is the market less volume today ?
[07:57] {cosmo} hmm .... 8.15, if it has good pace
[07:59] {cosmo} nah... right here ...with a stop at 8.04 ... who knows?...
[07:59] {BillyD} blk on SWKS ...lets see what it does
[07:59] {esemde} cos is that a buy or sell for 152K at .10 couldn't tell
[08:00] {esemde} tks billy didn't see your post
[08:00] {BillyD} another one
[08:00] {BillyD} wait and see
[08:00] {esemde} huge blks...huge
[08:00] {BillyD} could be distribution and not much change
[08:00] {cosmo} me neither...
[08:01] {esemde} is there a way to tell
[08:01] {cosmo} time and sales chart
[08:01] {cosmo} ... that's not moving too fast
[08:01] {dino} adlr
[08:01] {Threei} sometimes there is ese, not in this case
[08:01] {magoo} i been on phone last 30...did klac trigger and fall back..or still valid setup?
[08:02] {Threei} leave it alone mags
[08:02] {magoo} well, actuall now looks to be invalidating
[08:02] {magoo} ok, my fault, tenant issues grrrrrrrrrrr
[08:02] {Threei} market does its best today to stop both shorts and longs
[08:03] {BillyD} [08:29] {BillyD} if it holds here and goes maybe then.....can't seem to find much confidence in stocks doing what is expected either way so far
[08:03] {BillyD} ditto Vad
[08:04] {lumdus} yeah, either way you can get stopped today.
[08:04] {Threei} QID aggressive long somewhere here
[08:04] {magoo} vad, u or me on u know what
[08:04] * Threei slaps LaserDave1 around a bit with a large trout
[08:04] {Threei} your turn
[08:04] * magoo slaps LaserDave1 around a bit with a large trout
[08:05] {Threei} NQ breakdown of 1870 should do the trick for QID
[08:06] {Threei} broke
[08:06] {Threei} out .51
[08:07] {BillyD} gj
[08:07] {Threei} finally some follow through
[08:08] {esemde} nice teach....
[08:08] {dino} ehth
[08:08] {esemde} huge wall seems like on SWKS at .10/,11
[08:09] {esemde} why would abreakdown of nq sen QID up Vad
[08:10] {Threei} QID is opposite tracking of NQ
[08:10] {Threei} goes up when NASDAQ dowen, and visa versa
[08:11] {Threei} just the way to play NASDAQ without actual futures
[08:11] {Threei} to me, more convinient than QQQQ
[08:12] {esemde} didn't know that.....so are those shares short in QID
[08:12] {Threei} yes, that's why it moves in inverse relation to nasdaq
[08:13] {dino} two times es
[08:14] {esemde} don't get that 2x's
[08:14] {magoo} qqq moves dime up...qid moves .20 down
[08:15] {BillyD} it's a matter of volume
[08:15] {dino} and down we go
[08:15] {BillyD} more stable liquidity on QQQQ for larger traders imo
[08:15] {dino} ok just about a 200 pt range, need the 300 average
[08:15] {esemde} ok i get it.....
[08:16] {esemde} so right now ...huge bet market is heading down
[08:17] {Threei} I look at it differently ese
[08:17] {Threei} market goes down, so QID as a short tracking device goes up
[08:17] {magoo} problem i see is this...one of these days this mkt gonna have a FEROCOUS rally up 500 points
[08:17] {magoo} not saying more than day or two...but its gonna kill shorts
[08:18] {magoo} spell check raven lol
[08:18] {magoo} FEROCOUS rally up 500 points
[08:18] {magoo} [11:17] {mago
[08:18] {magoo} FEROCOUS
[08:18] {Raven} not
[08:19] {Threei} why is it a problem mags? you have so much sympathy for shorts?
[08:19] {magoo} no, i just do not wanna get caught short
[08:19] {magoo} its coming.today, tues wed its coming soon
[08:19] {magoo} magoostradamas
[08:19] {BillyD} stop loss is all you need
[08:20] {dino} de sm l .00
[08:20] {BillyD} wiseman hehe
[08:20] {BillyD} seer
[08:20] {bruce} bg dino
[08:20] {magoo} ah billy..my visions are of spikes so violent no stop can save u he he
[08:20] {BillyD} ROFLOL
[08:20] {dino} dk
[08:21] {magoo} spikes of magnatude man has never seen
[08:21] {patience} dino, is the beer fridge open already?
[08:21] {magoo} me and dino hit the bar last nite
[08:21] {magoo} HARD
[08:21] {magoo} but hey, we mics
[08:22] {bruce} de stop to 78.50 or so dino?
[08:22] {dino} lol patience
[08:22] {dino} y bruce
[08:22] {esemde} so theoretically you can short the shorts with QID
[08:22] {bruce} thanx
[08:22] {magoo} now es confusing magoo
[08:23] {Threei} was so tempetd by QID at .60
[08:23] {Threei} and decided it was likely to pullback more
[08:24] {dino} sorry bruce too soon
[08:24] {dptl} i got .66 and out .86
[08:24] {bruce} sheesh
[08:24] {bruce} maybe worth try at 78 again?
[08:25] {dino} frigging rinses today, have to go smaller
[08:25] {bruce} k
[08:26] {Threei} firther breakdown should follow guys
[08:26] {Threei} this is not over
[08:26] {magoo} make the call vad...u got the ball
[08:26] {bruce} .37 waqs lod on de from yesterday
[08:26] {bruce} sure enough - bounced there
[08:27] {Threei} in
[08:27] {Threei} .75
[08:28] {dptl} out +.10
[08:29] {dino} like a double bottom from yesterday
[08:29] {magoo} nice quick scalp dp
[08:29] {bruce} yep
[08:29] {dptl} ty
[08:30] {dino} gj
[08:31] {dptl} lucky
[08:31] {Threei} ugh, missd new entry
[08:32] {BillyD} yes
[08:32] {BillyD} I didn't pull trigger
[08:32] {Threei} Bush tv
[08:32] {bruce} that a new channel?
[08:32] {Threei} lol
[08:32] {dptl} lol
[08:34] {dptl} swks short?
[08:35] {dino} i said short him
[08:35] {dino} dji wants 12,041
[08:36] {bruce} not sure
[08:36] {bruce} is bush tv gardening or one of mags porn channels?
[08:36] {lumdus} ibm going now sheesh
[08:36] {dino} oh boy
[08:37] {bruce} long ibm on 104 break dino?
[08:37] {lumdus} maybe 104.10 break
[08:38] {cosmo} i think its a nascar channel bruce ... i think
[08:38] {bruce} good idea lum
[08:39] {lumdus} i am just scalping for +.15 and i am out. recovering nicely in my portfolio
[08:39] {lumdus} xlxn watching for long
[08:40] {Threei} speech is over, market is not impressed
[08:40] {dptl} swks?
[08:41] {Threei} no read by me
[08:41] {dptl} ok
[08:41] {cosmo} done for the day
[08:41] {cosmo} swks
[08:41] {lumdus} what happened cosomo ?
[08:41] {cosmo} swks is in a coma
[08:42] {bruce} big dump ibm - you were on money to wait for break confirmation
[08:42] {lumdus} i actulaaly shorted it
[08:42] {lumdus} got +.45 but something screweey with my quotes today.
[08:43] {cosmo} hmm ...well, you prolly wont get hurt..
[08:43] {bruce} good play
[08:44] {bruce} what was short signal to you?
[08:44] {lumdus} couldn't pass .10
[08:45] {lumdus} watching amzn long
[08:45] {bruce} spwr dino
[08:45] {lumdus} if i could get it close to .50 i happy
[08:47] {dino} dk bruce, just kindda watching things
[08:48] {Threei} anyone got QID for this NQ drop?
[08:49] {esemde} Not I ....but i'm off for the weekend take care...
[08:50] {dptl} was thinking at .51 but no
[08:50] {Threei} take care ese, see you on Tusday
[08:50] {esemde} gonna take my 30}00 loss in SWks and be off
[08:50] {dino} later es
[08:50] {magoo} not i ..after ES..don't know how to play it anymore he he
[08:56] {Threei} [11:26] {Threei} this is not over
[08:56] {Threei} I'd say this is so not over
[08:57] {Threei} bounce time now
[08:57] {Threei} and down again
[08:57] {dino} see my 11:35 post
[08:57] {bruce} ndaq looks weak - any read vad?
[08:59] {Threei} short somewhere close to 37
[09:03] {dino} well i was off by 9
[09:09] {Threei} one more little spike, and down again
[09:10] {dino} ndx is green fwiw
[09:11] {dino} de off of .50
[09:11] {BillyD} timing these turns is tedious
[09:11] {Threei} finger on a trigger
[09:12] {Threei} i .83
[09:12] {Threei} in
[09:12] {lumdus} in what ?
[09:12] {Threei} QID
[09:13] {Threei} .74 stop
[09:13] {dino} logi spike
[09:16] {Threei} out .95
[09:16] {bruce} stopped ndfaq
[09:17] {BillyD} Vad, were you just playing it for a 1:1 scalp
[09:17] {dptl} out +.10 ndaq
[09:17] {Threei} originally no, but lost confidence as it jerked around too much
[09:18] {BillyD} ok,. I was thinking more ended up out flat at .85
[09:18] {BillyD} trading this thing is split second decision/execution
[09:18] {Threei} not always... but with this market action, yes
[09:19] {Threei} QID available for shorting again
[09:20] {Threei} can play both directions
[09:20] {dptl} it's wierd sometimes bids and offers disapiring with no trades
[09:21] {BillyD} yeah, looks thick and then no more...and don't see it on T&S
[09:21] {dptl} and few levels gone
[09:22] {dptl} gotta be really fast
[09:22] {bruce} de stop about 77 dino?
[09:22] {BillyD} it seems stocks are very volatile or a turtle
[09:22] {dino} .99
[09:23] {dino} it seems to be getting stronger
[09:23] {lumdus} yeah, i just need to figure out which way to be on and make the money. right now flaaat as a horse
[09:23] {dptl} Vad that arca issues ......is that arca prob itself or genesis?
[09:24] {lumdus} dpt, my quotes get screwey today. not sure who it is
[09:24] {dino} vad is your problem
[09:24] {Threei} with EDGX it was EDGX... ARCA, not sure, but by the way it goes, seems it's on ARCA side
[09:24] {LaserDave1} Hey guys
[09:24] {BillyD} hey dave
[09:24] {LaserDave1} there are issues with Arca
[09:25] {LaserDave1} many firms have these issues with ARCA tight now
[09:25] {dptl} ok ty
[09:25] {dino} sigm hod
[09:25] {LaserDave1} Genesis is currently putting in new lines a different way to ARCA
[09:25] {lumdus} why is wm running ?
[09:25] {LaserDave1} they should be finished next week
[09:25] {LaserDave1} and ARCA should be awesome with laser again
[09:25] {magoo} hi dave
[09:26] {LaserDave1} if you use laser
[09:26] {LaserDave1} it will be good
[09:26] {BillyD} BTW dave Laser is awesome
[09:26] {dino} de to b/e bruce
[09:26] {bruce} thanx dino
[09:26] {LaserDave1} thanks Billy appreciate it
[09:26] {LaserDave1} it will even be much better once the ARCA issue is taken care of
[09:26] {BillyD} so is LaserDave 1 :)
[09:26] {lumdus} wm !!!@
[09:26] {LaserDave1} ha
[09:26] {LaserDave1} thanks bro:)
[09:26] {BillyD} lol
[09:27] {dino} all luvie dovie today
[09:27] {LaserDave1} ok guys
[09:27] {LaserDave1} group hug time
[09:27] {bruce} out de +.45
[09:27] {BillyD} lol
[09:27] {dino} gj bruce
[09:27] {lumdus} out wm +.42
[09:28] {dino} wtg
[09:28] {bruce} thanx dino
[09:28] {bruce} need some wins
[09:28] {Threei} I am sorry, I just have to chime in here
[09:29] {dino} one bad day bruce, thats all, shake it off. i was negative on wed.
[09:29] {dptl} swks hod
[09:29] {Threei} what is so awesome, I am asking for years to add this feature
[09:29] {Threei} "do not execute losing trades"
[09:29] {Threei} and still can't get them do it
[09:30] {dino} hard wire thing vad
[09:30] {BillyD} I was so happy for a brief while :(
[09:30] {lumdus} wm still going dammit !
[09:30] {Threei} WM takeover chatter
[09:31] {lumdus} shoot i got out too quick
[09:32] {magoo} i have a real estate apptnmt @ 12:45..be back after that in hour
[09:32] {magoo} DO NOT..I REPEAT...DO NOT make any winning trades without magoo lol
[09:33] {lumdus} xlnx might do it
[09:34] {bruce} thanx dino
[09:34] {bruce} hey mags
[09:34] {bruce} be sure to share
[09:34] {bruce} lol
[09:36] {dino} ipcs a bit of blood
[09:36] {dino} out de .00, +.50
[09:37] {lumdus} xlnx either your move now .. or i sell you :)
[09:38] {bruce} congrats dino\
[09:38] {BillyD} you tell'em lum
[09:38] {lumdus} now he got to listen .. you know,
[09:38] {lumdus} s bud
[09:38] {bruce} sigm short here dino?
[09:39] {dino} y
[09:39] {dino} stop wold be hod
[09:40] {lumdus} what an active lunch hour
[09:40] {lumdus} common bud, go down and then i drink some for you ok ?
[09:40] {bruce} missed
[09:42] {bruce} klac short dino?
[09:42] {bruce} forget it - not enough range
[09:43] {dino} dk
[09:44] {lumdus} by the time i could decide which way i guess the market going it already went.
[09:44] {lumdus} amazing to watch this kind of stuff
[09:55] {lumdus} back in wm
[10:01] {dino} markets in limbo
[10:02] {patience} no kidding, i'm in one trade waiting for the squeeze of the shorts
[10:02] {lumdus} yeah, the only one who can make money is dave on commission
[10:03] {dino} lol
[10:04] {dino} sm l ipcs .70
[10:15] {lumdus} s pep
[10:16] {lumdus} .65 s pep
[10:17] {lumdus} out +.30
[10:19] {lumdus} damm. i left 1/2 of it
[10:19] {Threei} looking to short QID for s caklp
[10:20] {Threei} in
[10:20] {Threei} .15 stop
[10:22] {dino} ipcs stopped ave .54, -.16
[10:23] {lumdus} 3i, with pep i had .30 profit and ran and now.. damm could get another .50 - did i do something wrong or take your chances
[10:24] {Threei} just a personal choice... there is no way in this volatility to tell what is going to continue and what will bounce right back
[10:24] {BillyD} QID stopped me
[10:25] {lumdus} ok, as long as i am not mi-trading tx
[10:25] {bruce} short in qid based soley on nq vad?
[10:25] {bruce} nice small stop there dino
[10:26] {bruce} was afraid of that one since it was so thin
[10:29] {dino} me too
[10:30] {bruce} I actually bid - then chickened out and cancelled
[10:30] {bruce} cluck
[10:30] {bruce} cluck
[10:30] {patience} that's ok bruce.....today is a tough day to trade
[10:30] {bruce} thanx patience
[10:30] {bruce} they all are for me
[10:31] {lumdus} yes, crazy tuff. no follow thru jerking me all day here ..
[10:32] {bruce} we missed hig dino
[10:32] {bruce} had a nice recovery
[10:32] {BillyD} Vad, on QID...did you take a quick small scalp on it
[10:32] {BillyD} in mid in .96 area earlier
[10:32] {Threei} 1 sec
[10:32] {Threei} done
[10:32] {Threei} no, got stopped and reentered
[10:33] {BillyD} ok
[10:33] {bruce} sigm hod
[10:33] {Threei} should have taken that scalp you mentioned, it was at 1:1
[10:33] {Threei} missed cover due to outside distraction
[10:33] {BillyD} yeah, but geez you think it would have given us a little more
[10:34] {lumdus} any chance of a nice rebound .. h
[10:34] {Threei} second time around it looked more confident
[10:34] {Threei} first was in the same jerky jerkty department
[10:34] {BillyD} yes, gonna be a bit more patien here
[10:34] {BillyD} we were on the cusp on first one
[10:35] {Threei} how many sares of it you trade Billy?
[10:35] {Threei} shares even
[10:35] {BillyD} that time 500
[10:35] {BillyD} -.12 on stop
[10:35] {Threei} you know, try cutting it down to 300 these days, you'll be surprized
[10:35] {BillyD} I have sometimes
[10:35] {Threei} it makes much bigger moves than usual,
[10:35] {Threei} so less size will still yeiled very nice profits
[10:36] {BillyD} ok, will do
[10:36] {BillyD} it still hit the stop
[10:36] {Threei} however, on a stop side it will give you more breathing room to account for heightened volatility
[10:36] {BillyD} regardless
[10:36] {BillyD} very true
[10:36] {Threei} and even when hits even padded stop,
[10:37] {Threei} you will feel more confident for another try
[10:37] {BillyD} that's the key
[10:37] {BillyD} staying confident
[10:38] {BillyD} sometimes when you get jerked around and barely stopped a few times....you want to kick the stock off screen :)
[10:38] {lumdus} yeah, trying that now billD
[10:39] {bruce} taking break and walk
[10:52] {BillyD} long day so far
[10:53] {dino} yeah
[10:53] {lumdus} since i started trading .. rough all along - does it ever get better ?
[10:53] {BillyD} vad, IDIX holds well considering all things and recent move
[10:56] {Threei} fall was very good
[10:56] {Threei} I would keep an eye on it billy... but not rush in
[10:57] {BillyD} yes, will wait for things to turn up a bit
[10:57] {BillyD} Lum, I thought you were doing well from your trades I saw
[10:57] {lumdus} yeah, some volume anyway is good .. geesh even rimm aint moving
[11:01] {Threei} no technical read, just a feeling:
[11:01] {Threei} masrket is more likely to go down from here so look to go long WID
[11:02] {dptl} qid youmean
[11:02] {lumdus} i am looking sideways as usual
[11:02] {Threei} yes
[11:03] {lumdus} look how tight amzn is trading.. that tells me nothing going to move either way
[11:06] {lumdus} nihd having problems all day. 3i, would you look to short it on break ?
[11:06] {dptl} damn thing shaked me out again
[11:06] {lumdus} who nihd ?
[11:07] {dptl} qid
[11:11] {Threei} not sure lum
[11:12] {dptl} in .06 qid
[11:13] {lumdus} 3i, you not sure if this will ever get better ?
[11:13] {Threei} huh?
[11:13] {Threei} you asked about NIHD
[11:14] {lumdus} oh, yeah, i left it already
[11:15] {dptl} stopped
[11:18] {BillyD} tough one eh dp
[11:19] {dptl} ye
[11:20] {lumdus} whole damm market is tought. i am watching 5 normal active stocks and they aint moving
[11:20] {Threei} frida before the long weekend after such a nervous week
[11:21] {Threei} what do you expect, normal orderly trading?
[11:21] {lumdus} tx for the heads up.. now i know
[11:21] {Threei} just FYI, I said it in the morning
[11:21] {Threei} as a warning
[11:22] {lumdus} ok, good heads up
[11:29] {lumdus} thank you .. i see your post
[11:30] {lumdus} need to be me more alert
[11:30] {bruce} gme at yesterdays low dino
[11:31] {lumdus} 3i, i know you don't look at nyse usually. can you check mo for short ?
[11:31] {Threei} I increasingly do look at it
[11:32] {lumdus} ok, and what you think ? has more downside ?
[11:32] {Threei} it does, my concern is, risk is very high here... it already made more than its usual daily reange
[11:32] {Threei} and nears major supports on daily
[11:33] {lumdus} just feels like a nice rop on it any second
[11:33] {Threei} true
[11:34] {magoo} back
[11:34] {lumdus} i could already see it by 73 :)
[11:34] {dptl} out qid+.38 damn thing
[11:34] {lumdus} a break of 75 and this goes bang kaboom
[11:34] {Threei} finally dp
[11:34] {dptl} ye ...took me three trys
[11:35] {Threei} that's the most irritating component of last week:
[11:35] {Threei} it IS possible to read the direction, and I do it mostly right,
[11:35] {Threei} but to find the entry that won't shake you out before going where it should
[11:35] {Threei} is totally another matter
[11:36] {dptl} yes to many shakes this week
[11:36] {Threei} in a paradixical way, this is the market where undisciplined trader may sometimes perform better
[11:36] {lumdus} hmm, now i understand why i did well :)))
[11:36] {Threei} lol
[11:37] {Threei} he shrugs, ignores his stop, turns away and prays,
[11:37] {Threei} in 30 min he is nicely in the money,
[11:37] {Threei} never mind that his loss at some point was twice his stop :)
[11:37] {lumdus} you in my head or something .. get out of it now !!
[11:38] {Threei} nah, just have a camera over your shoulder
[11:38] {dptl} look at this i got filled at .79 right at the top rearly happens to me
[11:38] {Threei} but you can't demand to turn it off - that would put you at unfair advantage vs other room members
[11:38] {Threei} (magoo, leave that beer alone, will ya)
[11:39] {dptl} another entry?
[11:40] {Threei} dp... you know what dino will say about that, right?
[11:40] {dptl} luck
[11:40] {Threei} yes :)
[11:40] {Threei} well, by chart it is
[11:40] {Threei} a850 is NQ resistance to short of
[11:40] {dptl} ah too late
[11:40] {Threei} 1850
[11:40] {Threei} but you see how it goes today:
[11:40] {Threei} it comes to resistance, hesitates, breaks it
[11:40] {Threei} goes much higher
[11:40] {lumdus} ok, so where we at now ?
[11:41] {Threei} and then reverses only after all who tried to short give up
[11:41] {Threei} that's your shakeouts
[11:41] {Threei} so how about we try and account for that
[11:41] {Threei} leave it be here
[11:41] {Threei} let it try and do this trick again
[11:41] {dptl} ye you right
[11:42] {Threei} if it does, cool, you avoided shakeout and found better entry
[11:42] {Threei} if it doesn't so what
[11:43] {lumdus} damm mo, still not moving the big drop. common hit it now !
[11:43] {BillyD} lol
[11:44] * Threei hits MO over the head with 2x4
[11:44] {lumdus} thank you much more. let me know when to scoot !
[11:45] {Threei} there is no way to read it unless it does vertical drop lum
[11:45] {Threei} just trail stop, don't let profit slip away
[11:46] {Threei} 75.01 now, IMO
[11:46] {lumdus} ok, i'll lock it .50 profit and hope for the best . tx
[11:46] {Threei} lost .80, can trail to .91
[11:46] {lumdus} ok
[11:47] {Threei} but honestly, I would still keep it at 75.01
[11:47] {lumdus} ok
[11:47] {lumdus} compromosie .93
[11:47] {Threei} as we near end of day, selloff is still more likely than sizeable bounce IMO
[11:48] {lumdus} ok, then i risk it .. thanks. it just looked so damm weak it actually asked me to short it
[11:48] {BillyD} dino, your Dow number hit and then some
[11:48] {dptl} xlnx short?
[11:48] {Threei} 1840 breakdown NQ would form inverted C&H on 1 min
[11:49] {Threei} hmmm
[11:49] {Threei} not the best candidate, dp
[11:49] {dptl} ok
[11:51] {lumdus} vad, trail now ?
[11:51] {Threei} .91 now for sure
[11:52] {Threei} die NQ
[11:52] {lumdus} vad, you see if this was a quick sell i would cover.. but it is slowly painfully going dow i think i get much more from those moving quick.
[11:52] {Threei} that's the way
[11:54] {BillyD} I can see the move on QID L2 before on NDX chart candle
[11:54] {lumdus} vad mo, bouces a drop and then takes a dip again. if it bounces above .84 i am out
[11:55] {Threei} whatever happens after that, it's a beautiful trade
[11:55] {lumdus} i watied all day for this trade, man it got very frustrating today.
[11:56] {lumdus} i thihk it might be over for now .. oh, shoot
[11:56] {lumdus} out
[11:56] {lumdus} tx vad for the help
[11:57] {lumdus} +.75
[11:57] {Threei} wtg'
[11:57] {Chaeron} niiiicee
[11:57] {BillyD} gj
[11:57] {patience} sweet
[11:57] {lumdus} tx
[11:58] {bruce} calling ita day - reached myt loss limit again
[11:58] {bruce} see you all next week
[11:59] {BillyD} bye bruce
[12:00] {Threei} let's see if this shake is over
[12:00] {lumdus} need to reboot
[12:01] {dino} shorts going to cover
[12:01] {Threei} .19 - .42 scalp
[12:01] {BillyD} wow, just got QID at .23 and out at .38, .43
[12:01] {BillyD} feel like a hero
[12:02] {BillyD} lol
[12:02] {Threei} :)
[12:02] {dptl} nice
[12:02] {patience} great feeling :)
[12:02] {dino} gj
[12:02] {Threei} scenario decsribed earlier worked like charm
[12:02] {Threei} about shakes that go way deeper than expected
[12:03] {Threei} when it got ridiculous, opportinity jumped on you
[12:03] {BillyD} kinda like golf dino....1st 17 holes frustrating and last one good makes you come back
[12:03] {BillyD} yes Vad
[12:04] {Threei} just don't club it with your titanium whatever you use
[12:04] {Threei} opportunity I mean
[12:04] {BillyD} nah...nice easy pitching wedge for small accurate shot
[12:04] {Threei} btw,
[12:05] {Threei} how many shares?
[12:05] {BillyD} 300
[12:05] {Threei} there you go
[12:05] {Threei} lowering size worked too
[12:05] {Threei} freed mind for intuitive perception
[12:05] {Threei} by removing fear factor
[12:05] {Threei} enough psycho-babble for you?
[12:06] {BillyD} past that stuff
[12:06] {Threei} 'cause I can also go on about childhood issues
[12:06] {Threei} ice cream sister never bougth you
[12:06] {BillyD} u sure u want to...hehe
[12:07] {Threei} :)
[12:08] {Threei} timely cover MO, lum
[12:09] {lumdus} tx
[12:09] {Threei} went above 75, why give up that chucnk of profit
[12:09] {lumdus} nvda .. missed
[12:09] {lumdus} yeah, that was it
[12:10] {dino} de l .25 sm
[12:14] {lumdus} xmsr take off !
[12:16] {Threei} i don't see news
[12:16] {Threei} another round of merger rumors?
[12:17] {Threei} probably, SIRI went too
[12:18] {lumdus} amzn if market turn around i think ihope
[12:19] {lumdus} looks like panic out there
[12:20] {BillyD} I dont see it....imo
[12:22] {dino} de stop is .98
[12:23] {dino} stopped -.27
[12:24] {lumdus} maybe just alot of indecision out
[12:25] {BillyD} yeah, you will know a panic when it happens
[12:25] {cosmo} or more likely, immediately afterwords...
[12:26] {BillyD} yes cosmo
[12:26] {lumdus} why did xmsr runup ?
[12:26] {BillyD} don't know
[12:26] {lumdus} wonder if there is a re-entry here or it's done
[12:27] {Threei} [15:16] {Threei} i don't see news
[12:27] {Threei} [15:16] {Threei} another round of merger rumors?
[12:27] {Threei} [15:17] {Threei} probably, SIRI went too
[12:28] * magoo slaps Threei around a bit with a large trout
[12:29] {Threei} hmmm
[12:29] {Threei} what did I do
[12:29] {Threei} this time
[12:30] {lumdus} look at amzn .. can't move an inch either way. can't trade anything
[12:30] {cosmo} xlnx testing hod
[12:30] {cosmo} soon
[12:32] {lumdus} ok, amzn break 80 and run and let me catch you.
[12:34] {lumdus} vad, you think we go up or down by close or a 50/50
[12:34] {Threei} 51/49... but I don't know in what favor
[12:35] {lumdus} great answer.. my feelings exactly
[12:35] {Threei} I stll feel down is more likely
[12:37] {dino} close -44 dji, comp -6
[12:37] {dino} for a beer
[12:37] {patience} day after options expiry is usually a down day so i vote for down before close today
[12:38] {dino} ok 50 more pts up dji
[12:38] {cosmo} xlnx testing hod .52
[12:39] {cosmo} slippery devel...
[12:39] {lumdus} short hon 55.01 stop 55.09
[12:40] {lumdus} everything whippy i will risk very limited cash in any trade now.
[12:43] {lumdus} hmm, maybe i should just quit while i am ahead ..
[12:44] {lumdus} xmsr reload ?
[12:45] {Threei} no idea, there is nothing technical to this move
[12:45] {Threei} opure momo on rumors
[12:45] {lumdus} yeah, sure is trading like momo
[12:46] {magoo} i have to say it.u guys/gals{patience} think today was hard or easy trading day?
[12:46] {patience} croak
[12:47] {patience} 1 trade and it was fussy
[12:47] {lumdus} very hard trading today
[12:47] {magoo} vad??
[12:47] {dino} de rinsed
[12:48] {Threei} don't look at me, I wasn't here even
[12:49] {dino} hard day magoo, imo
[12:49] {magoo} what u mean? I wasn'ty here..u were
[12:49] {Threei} OK, careful long QID
[12:49] {lumdus} it has been hard since i joined
[12:49] {Threei} .95 trigger
[12:49] {Threei} if holding above .85
[12:49] {Threei} oh, it's lum's fault
[12:49] {lumdus} 10 minutes left to rading
[12:50] {magoo} get him guys
[12:50] {lumdus} common, i was good today. posted 2 good trades
[12:50] * magoo slaps lumdus around a bit with a large trout
[12:51] {lumdus} looks like qid triggered.
[12:51] {Threei} half out QID
[12:51] {Threei} triggered? it's already over 1:1, lol
[12:52] {magoo} roflol vad
[12:52] {BillyD} you guys are killing me
[12:52] {dptl} :)
[12:52] {BillyD} comical
[12:52] {Threei} stop to .89
[12:54] {Threei} it's magoo's fault, he stunned lum with trout
[12:54] {Threei} stop to .94
[12:54] {magoo} i was looking for some help too
[12:54] {lumdus} yeah magood.. you trhough me off my game here ..
[12:54] {dino} gj
[12:55] {magoo} was hoping to slap u right out of room..we've done that before
[12:55] {magoo} a rapid barrage of well placed slaps
[12:55] {Threei} plus a bribed technician cutting off your cable
[12:56] {BillyD} nice QID read Vad
[12:56] {Threei} stop to .99
[12:56] {Threei} no lose trritory
[12:56] {Threei} scalpers are out of course
[12:56] {Threei} ty billy
[12:56] {Threei} sheesh XMSR
[12:56] {lumdus} out xmsr
[12:57] {lumdus} .23 out
[12:57] {lumdus} gosh .. didn't even see it go
[12:57] {magoo} billy, next time u better help when i put out the call-to-arms bro :)
[12:57] {Threei} it didn't
[12:57] * BillyD slaps lumdus around a bit with a large trout
[12:57] {BillyD} sorry for delay
[12:58] {Threei} lol
[12:58] {Threei} ok guys, calling it a day
[12:58] {lumdus} the best feature i like is the trailing stos. i had .10 offest and just takes care of itself
[12:58] {Threei} have a good relaxing long weekend
[12:58] {BillyD} have a nice 3 day wknd everyone
[12:59] {lumdus} nice weekend and thanks
[12:59] {Threei} see you on Tuesday for a nice ordely trading with 98% success rate
[12:59] {lumdus} i guess monday we off ?
[12:59] {dptl} have a good weekend all
[12:59] {Threei} ok, 97
[12:59] {patience} monday, i am working....toronto is open
[12:59] {patience} nobody to keep me company :(
[12:59] {magoo} ty vad, ty everybody
[13:00] {magoo} gonna miss u monday
[13:00] {dino} i am downloading tradelog tax info
[13:00] {dino} markets worsty week in 5 years
[13:01] {cosmo} tuesday?
[13:01] {cosmo} not monday?
[13:02] {cosmo} checking
[13:02] {Threei} I'll drop by to say "nya nya nyanya nya" patience
[13:02] {patience} cosmo as a point, the market is closed on monday isn't it?
[13:02] {cosmo} it is?
[13:03] {magoo} yes, us mkts closed, some sort of holiday
[13:03] {dino} take care all

January 17, 2008

Session Start: Thu Jan 17 00:00:00 2008

Session Time: Thu Jan 17 00:00:00 2008

[04:51] {Threei} AMTD
[04:51] {Threei} REPORTS Q4 $0.40 V 0.39E, R $642M V $623.7ME
[04:51] {Threei} -Client Assets $300B, +6% y/y
[04:51] {Threei} -Net Interest Margin 3.86% v 3.64% q/q
[04:51] {Threei} -Avg Client trades 321.7K v 277.9K q/q with 5% active vs 3.8% active last year
[04:51] {Threei} -Avg Yield per trade $12.84 v $13.00 q/q
[04:52] {Threei} feeds off EFTC or what? :)
[04:52] {hawkfan4} would you blame them :)
[04:53] {Threei} not really
[04:53] {Threei} if you see a man on abrink of abyss, be merciful and push him
[04:54] {hawkfan4} LOL, especially if he's a trader
[04:54] {Threei} "It's a jungle out there baby"
[04:54] {hawkfan4} tough market, longing for the "easy" market of 2007
[04:55] {Threei} video illustration to above: http://www.realitytrader.com/vad/playing%20nice.gif
[04:55] {Threei} it will be back... cycles, you know
[04:55] {hawkfan4} lol, that's funny stuff
[04:58] {Threei} this period we are going through is just high emotions stage
[04:58] {Threei} readability is much tougher in the hottest moment
[04:59] {Threei} too many conflicting interests and emotions, movements become jerkier
[05:00] {Threei} noticed how much easier trading is in stocks that for this or that reason move on their own merit, with no regard to market?
[05:01] {hawkfan4} absolutely! even those are getting jerked around a bit in this. quick scalping is the way to go, i'm sure you wouldn't argue with that
[05:01] {Threei} well... if I would, it would be only out of general habit to argue with everything {G}
[05:02] {hawkfan4} lol
[05:03] {Threei} people that have to endure me in day-to-day life know well how annoying "ever the contrarian" can be :)
[05:05] {Threei} FRPT another contract... what a dog
[05:05] {hawkfan4} a permenant memeber of my "no-trade" list
[05:06] {Threei} I never made it official for myself... but yeah, I do avoid it for quite a while
[05:09] {Threei} CHINA is another one on that list... and tries to move today too
[05:10] {hawkfan4} yeah, i usually avoid those, CHINA, ASIA, moves are too erratic. I prefer easier ones, like COIN {g}
[05:11] {Threei} lol
[05:11] {Threei} well... surprizingly COIN/SEED kind can be very easy to profit from at the right time
[05:12] {hawkfan4} absolutely. SEED i actually bought the day before the move and held over night. Just looked right to me
[05:12] {Threei} I know the feeling
[05:12] {hawkfan4} COIN has that look but it needs the market
[05:12] {Threei} you look at it and just know what is going to happen
[05:13] {hawkfan4} absolutely
[05:14] {Threei} SEED had all the "facial features" of momo in the making
[05:14] {Threei} although for the world of me I wouldn't be able to put them in words
[05:17] {hawkfan4} the solar decimation has been amazing. some cut in half in 2 weeks
[05:19] {dptl} good morning all
[05:19] {Threei} dp :)
[05:19] {dptl} woke up early today for some unknown reason
[05:20] {Threei} same here
[05:20] {dptl} hmm
[05:37] {magoo} morning rt
[05:38] {Threei} magoo :)
[05:45] {magoo} vad, penguins are too funny lol
[05:45] {Threei} :)
[05:47] {cosmo} FRPT
[05:47] {magoo} i sent them to my wife
[05:47] {magoo} reminds me of our marriage relationship
[05:48] {magoo} im the 1 taking the drink sigh he he
[05:48] {Threei} lol... just wanted to say, don't give her ideas
[05:51] {BillyD} morning guys
[05:52] {Threei} billy :)
[05:52] {Threei} keeping an eye on solars for bounce
[05:52] {Threei} SOLF, CSIQ
[05:55] {cosmo} LOGI
[05:58] {magoo} JASO vad, toughie, but could go multiple points if solars are revitalized
[05:59] {Threei} yes... one of those "if you can handle the volatility"
[06:03] {BillyD} don't see anything that reall y stands out so far
[06:03] {Threei} no
[06:03] {BillyD} ty
[06:08] {bruce} that was odd to hear a call from you in IBM yesterday vad
[06:08] {bruce} NEVER HEARD YOU TRADE THAT BEFORE
[06:09] {bruce} google today?
[06:09] {Threei} well, listed ones started trading in more modern way relatively recently
[06:09] {bruce} k - just such a name brand - you usually stay away from them
[06:10] {Threei} mostly because they don't tend to move nicely
[06:10] {Threei} but IBM did yestyerday
[06:10] {dino} gm all
[06:11] {Threei} dino :)
[06:11] {BillyD} dino :)
[06:13] {dino} :)
[06:13] {esemde} ah ha!!!!am in...my kids disconnected cable to computor.....
[06:13] {Threei} lol
[06:13] {Threei} hi ese :)
[06:13] {esemde} how are you alll
[06:14] {Threei} well... cat yesterday elected to grab the cable modem with both paws, and drop on the floor with it
[06:14] {Threei} guess what... I haven't even lost connection
[06:15] {bruce} that cat doesn't want you trading vad
[06:15] {Threei} well, it sure wants to eat
[06:16] {esemde} this computor is an antique.....least little thing goes wrong....i'm toast
[06:16] {Threei} so it will have to make its peace with me trading
[06:16] {BillyD} windows 3.1 ese?
[06:16] {bruce} looking at listed - mck looks poised for breakout if it goes beyond 68.40
[06:16] {Threei} couple big offers chase SOLF down
[06:17] {esemde} ha ha ha not quite....tower of this particular computor 1998
[06:17] {Threei} one stays at .70, another moves down with price
[06:17] {BillyD} 95' lol
[06:17] {magoo} solf your prime candidate so far vad?
[06:17] {esemde} have a toshiba tecra A4 laptop
[06:17] {esemde} also
[06:17] {BillyD} WIN 98?
[06:17] {Threei} just one of... but I like these offers as an indicator of strength if taken
[06:18] {Threei} or if the cancel as soon as they got it where they want to buy :)
[06:18] {Threei} both SOLF and CSIQ sold down into big support area on daily
[06:18] {esemde} no...actual year of computor
[06:18] {Threei} started showing signs of bounce
[06:19] {BillyD} ok
[06:19] {esemde} not upgradable
[06:19] {Threei} if market finally shakes off this persistent selling, they are good once to ride the wave
[06:20] {esemde} am also looking at them Vad...my solar screen ...green most of it
[06:20] {bruce} zion vad ? anopther possible reversal candidate
[06:21] {Threei} unfamiliar to me bruce, got to look how it trades
[06:21] {magoo} fslr has 20-30 points of bounce potential if the scenario developes
[06:22] {BillyD} Vad, thought you might like to know.....I broke down and replaced 7 yr old mouse
[06:22] {Threei} unlike solars that had nice momo just recently, ZION was under selling pressure for quite a while
[06:22] {Threei} hmmm... then mine maybe approaching the end of its life cycle too billy...
[06:23] {cosmo} 7 years is pretty good for a mouse
[06:23] {roeder} solf
[06:24] {cosmo} LOGI pre mkt high = 27.82 ...so far
[06:24] {cosmo} ... if its a healer..
[06:29] {dino} spwr more blood
[06:30] {Threei} SOLF .75 half lot long
[06:31] {Threei} if loses .40, will wait
[06:32] {Threei} CSIQ behaves better
[06:33] {magoo} fslr bounce time
[06:33] {Threei} SOLF setup is back
[06:33] {Threei} ugh
[06:33] {magoo} in SOLF .69
[06:33] {Threei} blasted through
[06:33] {Threei} good reflexes magoo
[06:34] {dino} spwr sm l 87.50, wide
[06:34] {magoo} wait 21
[06:34] {Threei} CSIQ, watching if get pullback to about .40
[06:34] {magoo} OUT
[06:34] {magoo} ty vad
[06:34] {Threei} wtg
[06:34] {Threei} welcome
[06:35] {Threei} beat me on exit, I dumped .91
[06:35] {magoo} got lucky entry
[06:35] {magoo} hey arca good today, mine hidden
[06:35] {dino} gj
[06:35] {Threei} 21 break solf
[06:35] {magoo} ARCA ok?
[06:35] {Threei} stop under .80
[06:36] {Threei} sdo far yes
[06:36] {Threei} OK, CSIQ near .40, watch for strength
[06:36] {magoo} ty
[06:36] {bruce} l spwr 86.6
[06:37] {Threei} solf .56 long, stop under .50
[06:38] {dptl} stopped
[06:38] {magoo} in CSIQ .32
[06:39] {bruce} stopped spwr -.23
[06:39] {Roman} DNDN watching
[06:39] {Roman} maybe a slow riser
[06:40] {Roman} taking small 6.55
[06:40] {Roman} NVDA
[06:40] {Roman} bouncer with NQ
[06:41] {Roman} we got some economic ### due at 10:00 a.m.
[06:41] {Roman} some some NVDA small 24.22
[06:41] {magoo} wait .89 csiq
[06:42] {magoo} out TY vad
[06:42] {BillyD} gj magoo
[06:42] {Threei} good one
[06:42] {dino} i think bernie speaks at 10
[06:42] {magoo} i hit first strenghth your call
[06:43] {Threei} don't chase them, pullbacks are brutal
[06:43] {Threei} wait for pullbacks, time entry with NQ upward move
[06:45] {Threei} CSIQ, 18.80 is area to watch for entry on pullback
[06:46] {Threei} if holding above .20, then .50 long trigger
[06:47] {magoo} going 20 before 18.80
[06:47] {Roman} long ESLR
[06:48] {Roman} full size 13.09
[06:52] {magoo} u reloading csiqw vad off .50 here?
[06:52] {Threei} yes if NQ breaks 1905
[06:52] {Roman} out NVDA
[06:52] {magoo} naz should brearthe here imo
[06:53] {Roman} out ESLR
[06:53] {Roman} -.03
[06:53] {dino} out spwr 88.28, +.78
[06:54] {magoo} here it comes...ben approaching too
[06:54] {bruce} nice dino
[06:54] {magoo} can not imagine ben crushihg nmkt
[06:54] {magoo} comes=breather
[06:55] {dino} lucky bruce nasty pullback
[06:55] {magoo} i know dino.anything can happen
[06:55] {magoo} :)
[06:55] {dptl} stopped eslr -.17
[06:56] {bruce} same dp
[06:56] {dino} bernie in 5
[06:58] {magoo} careful with naz here..decision time
[06:58] {BillyD} is there an actual rate cut decision?
[06:58] {magoo} no. ..speach
[06:58] {BillyD} ok
[06:58] {magoo} but talk coulfd move mkts
[06:58] {magoo} mkts looking..desperate for anything to bounce
[06:59] {BillyD} even if he smiles
[06:59] {bruce} yes - enterd $1 below you and still got stopped dino
[06:59] {bruce} didn't allow enough
[07:00] {BillyD} arca sticking
[07:00] {Threei} *JAN PHILADELPHIA FED INDEX: -20.9 V -1.0E
[07:00] {magoo} breaking news
[07:00] {Threei} huh?
[07:00] {magoo} cnbc
[07:01] {Threei} -20.9 V -1.0E?
[07:01] {magoo} [09:58] {magoo} careful with naz here..decision time
[07:01] {magoo} exact
[07:01] {Threei} FED'S BERNANKE: FISCAL STIMULUS COULD BE HELPFUL IN PRINCIPAL, CORE INFLATION HAS STEPPED UP RECENTLY- Says inflation should moderate this year and next, vows substantive rate cuts if needed
[07:01] {Roman} NAZ green today
[07:01] {magoo} magoostradamas lives
[07:01] {Roman} IMO
[07:01] {dino} blah, blah, blah, moving on
[07:02] {magoo} vad, u win ..csiq hit 18.80 before my 20 :)
[07:02] {bruce} grmn worth try long?
[07:03] {Threei} and bouced right off it
[07:03] {bruce} stopped dndn
[07:03] {Threei} bruce, yes but not righto selling
[07:03] {magoo} edge issues again notice...worthless exchange
[07:03] {BillyD} gonna let the mkt digest this
[07:04] {magoo} yes..i out of all
[07:04] {magoo} lets see
[07:04] {Threei} GRMN close to 64
[07:04] {bruce} k
[07:04] {bruce} thanx vad
[07:05] {Threei} bid it here
[07:06] {Threei} ARCA started its bs magoo, keep it off
[07:06] {magoo} oh ok ty
[07:07] {dptl} stooped grmn.......
[07:07] {magoo} funny..never used or knew how to hide with 3 yrs of laser..now use it everyday
[07:07] {magoo} he he..the little things
[07:08] {BillyD} after several lessons you got it
[07:08] {BillyD} :)
[07:08] {magoo} UBSST? whats that one?
[07:08] {dptl} mm
[07:08] {bruce} stopped grmn -.30
[07:11] {Threei} that Phil index seems to be not a mistype
[07:11] {Threei} *JAN PHILADELPHIA FED INDEX: -20.9 V -1.0E, LOWEST READING SINCE OCT 2001
[07:11] {Threei} - Employment: -1.5 v 0.5 prior
[07:11] {Threei} - Prices Paid: 49.8 v 35.0 prior
[07:11] {Threei} - Inventories: -6.7 prior
[07:11] {Threei} - Six-month business conditions outlook: 5.2 v 7.7 prior
[07:13] {Threei} NVDA, watch if it's abale to hold .30
[07:13] {bruce} stopped again grmn -.20
[07:13] {Threei} bruce... falling knife...
[07:14] {bruce} tried for bounce of 63
[07:14] {dino} meli
[07:15] {Threei} lost .30 NVDA, no play for now
[07:15] {magoo} ben on cnbc
[07:16] {magoo} i guess he is killing it..dino right..u never know
[07:16] {magoo} vad "ben bounce too obvious"
[07:17] {dino} meli l trig 50.25 imo
[07:18] {dino} nah, market falling
[07:20] {bruce} uptend in mon definitely done patience
[07:20] {magoo} vad, pull up qqqq minute chart
[07:20] {magoo} nasty bear
[07:20] {Threei} I watch NQ
[07:21] {magoo} oh..ok...be that way
[07:21] {magoo} :)
[07:21] {cosmo} QID nice rally
[07:21] {bruce} you waiting for meli to uptick dino?
[07:23] {dino} ensg
[07:23] {dino} no
[07:24] {Threei} BERNANKE:SEES ECONOMY CONTINUING TO GROW, EXPECTS BELOW TREND GROWTH UNTIL EARLY 2009 -
[07:28] {dino} wow dji -500 pts since monday
[07:31] {dino} aapl lod
[07:31] {dino} rrst blood
[07:34] {dino} he has given the shorts the worry-free trade by no surprise, getting too close to meeting to bother
[07:34] {dino} pcln
[07:35] {bruce} maybe we should be shorting instead of trying longs?
[07:35] {Threei} who is trying longs?
[07:35] {cosmo} qid
[07:35] {dino} just sit back and wait.......down hard
[07:35] {Threei} QID goes up by definition when NASDAQ goes down
[07:36] {BillyD} it seems QID makes move before I can see it on QQQQ
[07:36] {cosmo} 1.5 times more leverage too
[07:37] {cosmo} ... or something like that
[07:37] {dino} watch the $ndx
[07:37] {dino} bd
[07:37] {BillyD} use to and switched
[07:37] {BillyD} I'll try...thx
[07:37] {dino} man i missed pcln l
[07:38] {dino} apol
[07:39] {Threei} IBM short half lot
[07:39] {Threei} stop .51
[07:39] {dino} eqix
[07:39] {dino} sm l .35
[07:40] {Threei} 1:1 IBM
[07:40] {BillyD} nice Vad, put order in .30 and missed...thought for sure a fill
[07:41] {BillyD} forget....NYSE
[07:41] {dino} too soon stopped -.40
[07:41] {Threei} couple cents out of market on it usually do the trick
[07:41] {Threei} nah, it's mostly ECN trading these days
[07:41] {Threei} quite nice fills
[07:41] {BillyD} saw a bid at .30 when enetered...then it turned oh well
[07:41] {Threei} nothing like it used to be
[07:42] {BillyD} not sure if NYSE was bid at time
[07:42] {Threei} do same thing as on NASDAQ, limit order a few cents out of market
[07:42] {dino} eqix maybe rinsed, double bottom
[07:42] {Threei} long now IBM
[07:42] {Threei} stop under 102
[07:42] {dino} meli l .25 break
[07:43] {dino} apol strong
[07:45] {bruce} missed meli entry
[07:46] {dino} mdtl spike
[07:46] {dino} got it
[07:46] {dino} eqix l .00 imo
[07:47] {Threei} trailing IBM to under .10
[07:51] {bruce} stopped IBm
[07:51] {bruce} sheesh - 6 straight losses today - no wins
[07:51] {BillyD} mkt drop killed it
[07:51] {magoo} i think roman correct...mkts green at close...just a feeling
[07:52] {magoo} rough ride tho
[07:53] {magoo} sorry to hear bruce...take a break..do not push
[07:55] {dino} we all have those days bruce
[07:55] {bruce} thanks dino, mags
[07:55] {bruce} been one of those months
[07:55] {magoo} its been a tough month in my opinion...been saying that
[07:55] {bruce} course ibm goes now after stopping me
[07:56] {magoo} i am sizing down a little and widening stops to avoid rinses...equals same stop loss of $200
[07:57] {dino} thats what i did magoo, 300 share lots
[07:57] {magoo} yeah..u gave me that advice..been working this week
[07:57] {dino} meli and eqix working
[07:57] {bruce} me too mags - going small
[07:57] {dino} anyopne took tighten or get out
[07:58] {magoo} vad had 2 quid calls yesterday that rinsed than ran
[07:58] {bruce} \missed em dino
[07:58] {dino} there will be 5 more today. no worries
[07:59] {magoo} nasty jerking..so if IF i have a feel of direction...want to give it a lil room..but need to protect so size accordingly
[08:01] {dino} out eqix 77.35, +1.35
[08:02] {dino} way soon
[08:03] {dino} sigm
[08:03] {dino} l .45
[08:03] {dino} stop lod
[08:05] {esemde} take care everyone..have a great rest of the day...mostly watching the last couple of days...can't make hide nor hair of the market...best leave it up to the pros.....that would be you!
[08:05] {magoo} wait ES!
[08:05] * magoo slaps esemde around a bit with a large trout
[08:05] {esemde} what....
[08:05] * magoo slaps esemde around a bit with a large trout
[08:05] {esemde} huh!!!
[08:05] {Threei} are you ever glad you waited
[08:05] {dino} cya es
[08:06] {esemde} i'm otta here
[08:06] {magoo} now u can go he he..have good day:)
[08:06] {bruce} l sigm .41
[08:06] {bruce} see you ese
[08:06] {BillyD} bye ese
[08:08] {dino} comp green
[08:10] {bruce} sigm stop to .20
[08:12] {dino} agree
[08:15] {Threei} does NASDAQ look like dropping again to you?
[08:16] {dino} y
[08:16] {Threei} long QID then
[08:16] {dino} sigm stopped -.26
[08:16] {bruce} stopped sigm
[08:18] {dino} good stop
[08:19] {bruce} thanx dino
[08:19] {bruce} 7 in row now though
[08:19] {dino} it rinsed us, lol
[08:19] {dino} no time to be a hero
[08:24] {dino} wabc
[08:25] {Threei} here goes QID
[08:25] {magoo} wheres your entry?
[08:25] {Threei} was at .67 at the time, don't even think about entering that high
[08:26] {magoo} ok..gotcha boss
[08:31] {dino} wabc s .00, stop .33
[08:32] {bruce} tried but not shortable here dino
[08:33] {dino} who you have
[08:33] {dino} exac
[08:34] {dino} too thin
[08:34] {bruce} laser genesis dino
[08:34] {bruce} pretty good with short list most of time
[08:35] {magoo} bruce, u retail or bear?
[08:35] {bruce} bear
[08:36] {magoo} ok, cool
[08:36] {bruce} works for me
[08:36] {dino} wabc bstop to .12
[08:37] {Threei} dino
[08:38] {Threei} MON, down very 10 points third day in a row
[08:38] {Threei} very = over
[08:38] {magoo} cramer keeps talking writing about it too
[08:38] {bruce} yes - was waqtching it myself vad
[08:39] {bruce} thought it might go green today
[08:39] {bruce} big hit for the long term holds last ouple days
[08:41] {dino} wabc bstop to .36
[08:41] {dino} on my screen
[08:41] {dino} cov wabc .39, +.61
[08:42] {dino} wow mon
[08:42] {dino} to 95 and bounce?
[08:42] {dino} no takers on wabc huh
[08:43] {dino} patience, we are close to our 250 range again
[08:44] {bruce} no idea on mon dino- but it broke thru strong support at 100 so would think the investors are dumping now
[08:44] {patience} you think for today? can't tell....just watching ag stoks to drop below 30 rsi, and do a scalp
[08:44] {Threei} PACT IMOBILE SELECTED BY MOTOROLA CHINA TO DESIGN AND OPERATE THE MOTO ECOMMERCE PORTAL
[08:50] {bruce} klac short?
[08:52] {dino} not for me
[08:53] {magoo} hey vad..thats twice u told me not to chase and u made good cake lol{yesterday COIN}
[08:53] {dino} sm wide, risky, l mon .50
[08:53] {magoo} trying to keep me down lol:)?
[08:54] {Threei} yes mags... eliminating competition {G}
[08:54] {Threei} bruce... stop would have to be over .80
[08:55] {Threei} looks to me like NQ makes one more little bounce before breakdown
[08:55] {bruce} see that vad - was lookingat shorting about .70 - stop too big for my taste on his one now
[08:55] {Threei} aggressive entry on KLAC and QID if so, KLAC short, QID long
[08:57] {Threei} got .22 on QID
[08:57] {Threei} .09 stop
[08:57] {Threei} KLAC no bounce
[08:58] {Threei} now there is, look for entry
[08:59] {bruce} took qid
[08:59] {bruce} hope I don't jinx it
[08:59] {Threei} need NQ to lose 1870
[09:00] {Threei} got .70 on KLAC, stop .81
[09:01] {Threei} half out on both
[09:02] {dptl} out+.15 qid ty
[09:02] {dino} gj
[09:02] {Threei} welcome dp
[09:03] {Threei} offering QID second half .55, stop to .29
[09:03] {Threei} bidding KLAC second half at .45, stop to .65
[09:04] {bruce} took .12 qid - needed a win
[09:04] {Threei} not blaming you
[09:04] {magoo} 182 down
[09:05] {bruce} should have held butno nerve
[09:05] {Threei} taking small wins is a confidence restorer
[09:05] {magoo} add up too
[09:05] {dino} de wow
[09:05] {magoo} 3 $20-0 = $800 bux
[09:06] {Threei} not looking to re-enter for now, not sure trend is intact
[09:07] {bruce} nice retarcement entry on klac vad
[09:08] {Threei} in jerky downtrending market aggressive entries are safer
[09:08] {bruce} agreed
[09:11] {BillyD} Vad, does QID actually follow the lead of NQ....it seems from watching there is also anticipation of the NQ move?
[09:14] {Threei} sometimes, yes
[09:14] {Threei} but mostly it follows
[09:14] {BillyD} ok, thx
[09:15] {bruce} was your entry 98.50 mon dino?
[09:16] {dino} 97.50
[09:16] {magoo} nice 2 calls vad
[09:17] {bruce} k so 1.50 stop that was wide
[09:18] {dino} y
[09:19] {bruce} dewfinitley wide - will need to factor that in when you say you have a wide stop
[09:21] {dino} size accordingly
[09:21] {magoo} so now u even ignoring me? {as i run to nearest rock}
[09:21] {Threei} who?
[09:21] {Threei} me?
[09:22] {bruce} no one ignoring you mags
[09:22] {bruce} just to prove it
[09:22] {Threei} I beg to differ bruce
[09:22] * bruce slaps magoo around a bit with a large trout
[09:22] {Threei} here is my version of answer:
[09:22] {Threei} I am ignoring everyone, why do you think you should be exemption?
[09:22] * bruce slaps Threei around a bit with a large trout
[09:23] {Threei} and now you know why {G}
[09:28] {bruce} taking break
[09:32] {Threei} FED'S FISHER: READY TO TAKE SUBSTANTIVE ACTION POLICY ACTION, BACKS ACTION IF INFLATION IS CONTAINED- Global growth driving up inflation pressures
[09:32] {Threei} we just can't win, can we?
[09:32] {Threei} global growth is bad, absense of global growth is bad
[09:32] {Threei} is there anything good left on this planet?
[09:33] {magoo} my i tentions are good..results just bad
[09:34] {dino} out mon 100, +2.50
[09:36] {magoo} NICE
[09:36] {Threei} high five dino
[09:37] {dino} avtr
[09:37] {Threei} second day I try to attract your attention to this one... good to see you nailing it
[09:37] {dino} ty vad for heads up
[09:37] {Threei} it just felt like your kind
[09:46] {dino} avtr
[09:52] {BillyD} hard to get a real confirmation on QID here
[09:52] {BillyD} now I do
[09:53] {BillyD} were you watching it Vad
[09:53] {BillyD} I was looking short
[09:53] {Threei} no, sorry
[09:53] {Threei} from chart, looks valid
[09:53] {BillyD} ok, trying to get in sync with it
[09:53] {Threei} but didn't watch actual trading
[09:54] {BillyD} it seems by time a see a good confirmation....it moves already
[09:55] {BillyD} tough to keep a tight stop with the jerkiness
[10:08] {bruce} maybe better with wider stops billy
[10:08] {bruce} smaller shares
[10:08] {bruce} even vads last qid trade came within 1c of stopout
[10:08] {dino} acor
[10:09] {BillyD} yes bruce, just the moves direction can change pretty quick
[10:09] {bruce} yes - for me - several of my trad4s would have workedif gave them more room
[10:10] {BillyD} ACOR?...all the crazies out today
[10:10] {bruce} tough call - but not ehlpful to have small stops if almost all get stopped out
[10:10] {BillyD} yes
[10:11] {bruce} crazies billy - you talkin bout mags?
[10:11] {dino} lol
[10:12] {dino} he's running around like a happy schoolgirl today
[10:13] {bruce} maybe he is a schoolgirl
[10:13] {dino} roflol
[10:13] {bruce} acor short here dino?
[10:13] {dino} market going up, not sure
[10:14] {bruce} k
[10:14] {dino} rather it hits 25ish
[10:15] {bruce} what is your max stop dino - seems like 2.50 or so?
[10:16] {dino} edu
[10:16] {dino} depends on size, max loss of 250-300
[10:16] {bruce} k
[10:16] {bruce} so only played 100 shares or so in mon?
[10:17] {dino} w/200-300 pts market ranges, have to size down to not get stopped all over
[10:17] {bruce} k- thats been happening to me
[10:17] {dino} 200 actually
[10:18] {dino} when you string together lots of stops, you must either size down or pullback
[10:18] {dino} imo of course
[10:19] {bruce} k
[10:20] {dino} remember rule #1
[10:21] {dino} you must stay in the game
[10:21] {bruce} blame magoo?
[10:22] {dino} lol
[10:22] * bruce slaps magoo around a bit with a large trout
[10:22] {BillyD} you mean keep trading actively dino or capital preservation?
[10:22] {BillyD} both to an extent
[10:23] {dino} always prtect your capital...you must stay in the game, otherwise out of business
[10:23] {dino} never any reason you must trade
[10:23] {BillyD} yep
[10:25] {bruce} missed acor - it almost hit 25 then reversed
[10:26] {dino} i over thougt it
[10:27] * magoo slaps bruce around a bit with a large trout
[10:27] {bruce} ouch - Ihardly deserved that mags
[10:27] {bruce} not like I ever did that to you
[10:28] {bruce} hurt my feelings
[10:28] * bruce slaps magoo around a bit with a large trout
[10:28] {dino} edu sm l .80
[10:29] {dino} stop lod
[10:31] {bruce} couln't get .8 fill
[10:31] {bruce} waiting for retracement on it
[10:32] {bruce} nice dino
[10:32] {dino} thx
[10:32] {dino} you in
[10:33] {bruce} no
[10:33] {bruce} read above - didn't get filled
[10:33] {bruce} and not going to chase today
[10:33] {dino} ok
[10:34] {dino} don't chase
[10:34] {bruce} could have got .95 I think but wanted closer to your .8
[10:36] {dino} out .91, +1.11
[10:37] {bruce} very nice
[10:37] {dino} ty
[10:39] {Threei} AKAM half lot .21 long
[10:40] {dptl} stop?
[10:40] {Threei} .09 stop
[10:43] {dino} rvbd l .49 stop lod
[10:48] {BillyD} how about that little mkt spike
[10:49] {bruce} sorry vad- jinxed akam
[10:49] {Threei} ?
[10:50] {bruce} hit .09
[10:50] {Threei} it went within 1 (one) cent of 1:1, market dropped like crazy and it stayed within 1-3 cents off the 1:1 for a min - and you didn't exit?
[10:50] {Threei} come on
[10:50] {dptl} stopped akam
[10:51] {Threei} you guys...
[10:51] {dptl} yes that was a mistake
[10:52] {dptl} was offering .36 it went to .32
[10:52] {bruce} sorry vad - never quite hit 1 to 1
[10:52] {Threei} let's see
[10:52] {Threei} .21 - 0.09 = .12
[10:53] {Threei} .21 + .12 = .33
[10:53] {Threei} it topped at .32
[10:53] {Threei} which is "within 1 cent of 1:1" as I aaid
[10:53] {Threei} is my math wrong?
[10:53] {bruce} yes - with 21 entry call -
[10:54] {bruce} anyway - its done
[10:54] {Threei} if you had to enter a bit higher, it doesn't change chart
[10:54] {Threei} stock continues moving by chart rules, it has no idea about your entry, right?
[10:54] {Threei} obey chart, not your entry
[10:55] {BillyD} may I interject
[10:55] {bruce} understood vad - maybe I wasn't reading right
[10:56] {dino} rvbd stop to .28, mkt falls
[10:56] {BillyD} I think what Vad is saying, is that it was within 1 penny of 1:1 and the mkt spike down should have raised caution to exit early
[10:56] {Threei} eqzaktly
[10:56] {Threei} and AKAM was kind enough to wait for us
[10:57] {Threei} not dropped right away when market did
[10:58] {BillyD} sometimes you can get caught up executing exactly to the black & white strategy and forget to let the flavor of the trade tell when to adjust the plan
[11:00] {Threei} I thought it was a given after you guys exited QID trade a bit early last time around
[11:00] {Threei} and that one was still performing when you did...
[11:01] {bruce} sorry vad - been hammered today - trying not to let that cause me to do early exits
[11:01] {bruce} early exits with full stops is just another recipe for failrue
[11:02] {bruce} anyway - it's done
[11:02] {Threei} well, early is one thing... but 1 cent is another :)
[11:02] {Threei} it falls into "don't be that literal" category
[11:03] {BillyD} you crack me up Vad with that saying
[11:03] * bruce slaps bruce around a bit with a large trout
[11:03] {BillyD} you are one of the most literal people I know
[11:04] {BillyD} providing it's not time to deviate
[11:04] {BillyD} it's knowing when to is the key
[11:04] {Threei} really?
[11:04] {BillyD} yes
[11:04] {Threei} hmmm... and I thought I was flexible one
[11:05] {Threei} and illiteral
[11:06] {BillyD} where is Raven? is that a real word
[11:06] {dino} circling
[11:06] {BillyD} lol
[11:13] {Threei} looked it up
[11:13] {Threei} illiterature would be the better word
[11:14] {Threei} what's with SNIC
[11:14] {Threei} no news
[11:17] {dino} -203
[11:18] {dino} typical 250 range
[11:18] {dino} rvsn death
[11:18] {dino} rvbd stopped .30, -.19
[11:20] {bruce} sorry dino
[11:20] {bruce} watched it
[11:21] {bruce} small stop anyway
[11:24] {dino} yeah, it happens
[11:24] {dino} good day so not really affecting me
[11:25] {dino} rvsn l around 9.60 thinking
[11:25] {dino} 8.60 i mean
[11:25] {Raven} illiterate ?
[11:25] {Threei} finally
[11:25] {Raven} was thinking'
[11:26] {Threei} I was looking for a third wrong version to flush you out
[11:27] {Raven} lol
[11:27] {bruce} joyg triple bottom
[11:28] {dino} directors just5 sold couple million shares
[11:29] {dino} released 1:57
[11:30] {Threei} one more bounce NQ, then total breakdown
[11:30] {Threei} 1860 loss should do it
[11:30] {magoo} u in quid?
[11:31] {magoo} QID
[11:31] {Threei} looking for a trade on it
[11:31] {Threei} in
[11:32] {dptl} where?
[11:32] {Threei} .55
[11:32] {Threei} anticipatory entry
[11:32] {Threei} counting on breakdown
[11:32] {dino} gfig
[11:33] {dptl} where is your stop?Vad
[11:34] {Threei} originally .39
[11:34] {Threei} but trailing now
[11:34] {Threei} .49
[11:35] {Threei} half out
[11:36] {Threei} battle for 1860
[11:36] {BillyD} out ty Vad
[11:36] {Threei} welcome
[11:36] {patience} out, ty vad...nothing like a little rush :)
[11:36] {Threei} :)
[11:36] {dptl} missing everything for two days
[11:37] {Threei} back in
[11:37] {Threei} .49 stop this time
[11:39] {Threei} enough games NQ... break down that wall
[11:39] {Threei} hey, wrong wall
[11:40] {Threei} yes, this wall
[11:40] {Threei} half out
[11:41] {Threei} oh boy... die already NQ, will ya
[11:41] {magoo} 242 down dow
[11:41] * Threei kicks NQ in the groin
[11:41] {dptl} out +.24 qid ty
[11:41] {magoo} nice read on naz u had there
[11:41] {BillyD} nice dp
[11:42] {Threei} no dp thank YOU
[11:42] {Threei} made me feel better :)
[11:42] {dptl} :)
[11:42] {dino} ok, theres your 300 point range
[11:43] {dino} gj dp
[11:43] {dptl} ty
[11:43] {Threei} raven... look at these two, incapable of speaking in words longer than two letters each
[11:43] {Threei} gj
[11:43] {Threei} dp
[11:43] {Threei} ty
[11:45] * Threei desperately trying to exonerate himself in raven's eyes
[11:48] {Raven} {---- back from getting tea ... what are you yammering about anyway ??
[11:48] {Threei} as if anyone knows
[11:48] {Raven} sheesh
[11:48] {Threei} NQ held
[11:49] {Threei} nice downdraft but no meltdown
[11:49] {Threei} enough to profit, not enough to make a killing
[11:49] {Raven} SELL !!!!!!!!!!!! er, no, BUYYYYYYYYYYYYY !
[11:49] {Raven} whatever
[11:50] {Threei} congratulations guys
[11:50] {Threei} we are so insane, we managed to infect the only reasonable one among us
[11:51] {Threei} he was the last pillar of sanity in this room
[11:51] {Threei} I know, magoo tried to claim that title but...
[11:53] {bruce} wynn trying to break down
[11:54] {dino} rally coming imo, some serious damage out there
[11:55] {dino} twin l trig. .25 imo
[11:55] {dino} sm
[12:01] {dino} back in 10
[12:08] {BillyD} QID jumped .20 before I could see it on my NDX chart
[12:09] {BillyD} were you watching Vad
[12:09] {Threei} NQ teleportation too
[12:09] {Threei} yes
[12:09] {BillyD} ok
[12:09] {Threei} jerky jerky
[12:09] {BillyD} no way to trade that
[12:09] {Threei} no
[12:10] {BillyD} you have watch a tick chart for it
[12:11] {bruce} meli dino
[12:12] {BillyD} sorry, what I meant was Vad, have you ever watched a tick chart for NQ
[12:12] {dino} watching it
[12:12] {Threei} no
[12:12] {Threei} 1 m in is shallow enough for me :)
[12:13] {BillyD} do you have a candle on it?
[12:13] {Threei} yes
[12:13] {BillyD} ok
[12:16] {dino} gfig again
[12:17] {dino} missed it again, sheesh
[12:18] {dino} twin stopped -.40
[12:19] {bruce} I dumped it at 23
[12:20] {dino} smart
[12:20] {bruce} I wish
[12:21] {bruce} seems the best reversals work out right away and blast out of gate
[12:22] {bruce} looks like a higher low in meli now
[12:23] {Threei} breakdown is possibly in cards still
[12:23] {dino} 72 .30 l sm
[12:23] {dino} gfig
[12:23] {dino} didn't think it would get to me
[12:24] {bruce} kind of looks hta way vadster
[12:24] {magoo} at these levels...what u think? program buying or selling kick in to bell
[12:24] {Threei} feels like selling is more likely
[12:25] {bruce} thats a lot of selling for one day
[12:25] {Threei} NQ is just -18
[12:26] {magoo} comp -34?
[12:26] {Threei} yup
[12:26] {dino} stop to 73.48
[12:26] {Threei} here we go
[12:26] {dptl} qid?
[12:26] {Threei} not here
[12:26] {Threei} anticipatory entries is the only way
[12:27] {dino} out major slippage at .15 ave, +.85
[12:27] {BillyD} yep
[12:27] {dino} f#ck me, ran to 74
[12:28] {bruce} blame magoosky
[12:28] {magoo} he is hes yelling at me
[12:28] {dino} insult to injury, sheesh
[12:30] {BillyD} was wanting a dip into .60's for QID
[12:30] {Threei} yeah, this time NQ bounce was weaker
[12:31] {dino} market dumping
[12:31] {bruce} edu double bottome dino
[12:31] {dino} so much for my rally
[12:31] {dino} going lower i think bruce
[12:32] {bruce} k- probably notgreat place for long aempt then
[12:32] {bruce} I can make it go long though
[12:32] {bruce} \if I short here
[12:33] {dino} lol
[12:34] {dino} everythings' broken
[12:34] {bruce} you think I'm kidding?
[12:34] * bruce slaps magoo around a bit with a large trout
[12:34] {bruce} my trouter is only hing that still wor4ks
[12:38] {dino} it did go up a dime
[12:39] {dino} 12,800 to 12,100 in 5 days
[12:39] {dino} wow
[12:39] {magoo} bruce, it sure does work
[12:39] {dino} 11,900ish last feb/mar lows
[12:40] * bruce slaps magoo around a bit with a large trout
[12:40] {bruce} yup - still workin
[12:40] {dino} 2330, for comp
[12:40] {bruce} joyg long try here dino?
[12:41] {Threei} is Mon day off?
[12:41] {patience} y
[12:41] {Threei} cool... ty
[12:41] {dino} lmia crash
[12:42] {bruce} thought you were giving a trading seminar to us all that day vadster?
[12:42] {bruce} no rest for the wicked
[12:42] {dino} dk bruce
[12:45] {bruce} no momo in it dino
[12:45] {Threei} if I do, you know I lost it finally
[12:45] {bruce} jll?
[12:46] {dino} no
[12:47] {Threei} down it is
[12:47] {dino} i'm done
[12:47] {dino} enough of this
[12:47] {Threei} fork, quick
[12:48] {BillyD} maybe a couple of capitulation days would be good imo
[12:48] {dino} think we've had a couple
[12:48] {Threei} even one would be enough but we just can't get it
[12:48] {BillyD} yep
[12:49] {Threei} yesterday was pewrfect chance with that gap down
[12:49] {dino} i may add lmia for overnight
[12:49] {Threei} just needed a big scare and panic
[12:49] {magoo} friday before holiday..tough on longs also
[12:49] {BillyD} agree...it had that feeling for a while
[12:49] {magoo} so more of same tomorrow
[12:49] {Threei} but nooo, we had to go all the way back
[12:50] {dptl} klac
[12:50] {Threei} BUSH STIMULUS PLAN TENTATIVELY TO INCLUDE $1600 TAX REBATES, AND TAX BREAKS FOR BUSINESSES POSSIBLE - WIRE CITES SOURCES
[12:51] {magoo} no one cares..sigh
[12:51] {Threei} more money... more inflation... less pressure on fed to cut rates...
[12:52] {BillyD} is that a last minute pep rally attempt
[12:52] {Threei} don't be that grim guys
[12:52] {Threei} this is a good thing
[12:53] {Threei} we are gettingbuge flush at the beginning of the year
[12:54] {bruce} usually don't flush bugs till summer vad
[12:54] {bruce} that was brutal - couldn't do anything right today
[12:55] {dino} vad is right guys, volitility is a treders friend
[12:55] {dino} traders
[12:55] {magoo} well yes..but...this is one tough mkt on traders dino
[12:56] {dino} magoo, are you or are you not having your best week in months?
[12:56] {magoo} well...i just very lucky..because..actually..i been whing about this mkt for days
[12:57] {dptl} got 12c on klac bounce
[12:57] {dino} "lucky"
[12:57] {Threei} dp is ever a fighter
[12:57] {dino} gj dp
[12:57] {dptl} still down
[12:57] {magoo} yes dp, wtg
[12:58] {Threei} Ok guys, thank you all
[12:58] {Threei} have a good evening
[12:58] {Threei} see you tomorrow
[12:58] {BillyD} bye all
[12:59] {dino} slry crash
[12:59] {dptl} have a good evening all
[12:59] {bruce} night all
[13:00] {magoo} ty all..ty vad
[13:00] {dino} missed lmia
[13:04] {dino} gn all

January 16, 2008

Session Start: Wed Jan 16 00:00:00 2008

Session Time: Wed Jan 16 00:00:00 2008

[05:25] {Threei} Good morning
[05:25] {hawkfan4} good morning Vad, all
[05:26] {Threei} hawk :)
[05:27] {Threei} good gap down
[05:27] {Threei} nice to see
[05:30] {Threei} *DEC CONSUMER PRICE INDEX M/M: 0.3% V 0.2%E; CPI EX FOOD_ENERGY:M/M: 0.2% V 0.2%E; CPI NSA: V 210.086E
[05:34] {Threei} don't see LLTC news... up nicely in a sea of red
[05:34] {cosmo} food inflates, it seems
[05:35] {cosmo} ... less filling...
[05:35] {hawkfan4} watching it, earnings
[05:38] {Threei} why less cos? inflates - increases in size - fills more of a stomach?
[05:38] {cosmo} ORCL buys BEAS
[05:39] {Threei} yeah, end of seemingly endless saga
[05:39] {cosmo} fills more of a stomach
[05:39] {cosmo} inflated food is easier to ration too
[05:41] {cosmo} NITE
[05:42] {cosmo} TLAB up grade from neutral to buy @ UBS
[05:47] {magoo} morning
[05:47] {cosmo} INTC tests 20 pre mkt ...fwiw
[05:47] {Threei} magoo
[05:53] {magoo} today promises to be interesting, i predicted last nite to cdino that @ precisely 2:15 today big ben surprises {will it be a surprise really?}
[05:54] {Threei} 2:15?
[05:54] {cosmo} INTC tests 20 pre mkt ...fwiw
[05:54] {magoo} crushes shorts, then back down for the rest of our natural lives
[05:54] {magoo} yep, 2:15 eastern time
[05:55] {Threei} OK :)
[05:55] {magoo} i know u know i know:)
[05:55] {magoo} brb
[05:55] {BillyD} morning RT
[05:55] {BillyD} and magostradomus
[05:56] {Threei} Billy :)
[05:56] {BillyD} lol
[05:57] {dptl} good morning all
[05:57] {Threei} dptl :)
[05:57] {BillyD} dp:)
[05:59] {BillyD} Vad, have you ever heard of Murreymath trading software
[05:59] {Threei} nope
[05:59] {Threei} what's that?
[06:00] {BillyD} dk, went to website and was so confused and thought you might have come across it to enlighten me
[06:01] {BillyD} starts talking about circles, lines, supposedly some relation to Gann
[06:02] {Threei} gosh
[06:02] {Threei} and you need this stuff why?
[06:02] {BillyD} Vad, I couldn't begin to comprehend it
[06:02] {BillyD} no, I don't need it lol
[06:03] {BillyD} a friend told me about his friend using the software and ask me to look at the site for him
[06:03] {cosmo} ASML tests 24.5
[06:03] {Threei} tell him life is too short
[06:04] {Threei} and between good scotch aand another website devoted to surefire winning system you pick scotch
[06:04] {BillyD} his friend is telling him he is hitting 85% win ratio
[06:05] {Threei} yesss!
[06:05] {Threei} finally
[06:05] {Threei} search is over
[06:06] {BillyD} anyway, I couldn't make anysense out of it and left the site
[06:07] {Threei} that was your second best option
[06:07] {Threei} first of course was to never even go there in a first place
[06:08] {magoo} back
[06:09] {esemde} morning all
[06:09] {esemde} Vad dcc please
[06:10] {Threei} ese :)
[06:14] {Threei} DEC INDUSTRIAL PRODUCTION: 0.0% V -0.2%E; CAPACITY UTILIZATION: % V 81.2%E
[06:14] {Threei} CAPACITY UTILIZATION: 81.4% V 81.2%E
[06:15] {dino} gm all
[06:15] {Threei} dino :)
[06:16] {dino} gann, elliot, blah, blah, blah bd
[06:17] {BillyD} don't know those guys dino
[06:17] {BillyD} have heard their names here or there
[06:18] {dino} waves, circles, etc for prediction. problem is, dfuring the last 4 year bull they missed badly
[06:18] {magoo} cramer very very negative on realmoney this a.m
[06:20] {dino} most cash since 1990, 6 months of pain
[06:21] {bruce} sgms dino
[06:24] {dino} looking for news
[06:26] {dino} lost pa lottery?
[06:27] {magoo} playbk..down..up...down...finish up
[06:28] {magoo} bidu near 300
[06:29] {dino} downgraded too
[06:29] {dino} sgms
[06:31] {dino} fslr under 200
[06:32] {bruce} dcc dino
[06:32] {dino} l meli 58.00
[06:33] {Threei} LLTC, half lot long on pullback
[06:34] {Threei} if any
[06:34] {Threei} if no pullback, waiting for whatever shapes up
[06:34] {Threei} don't want to chase it here
[06:34] {Threei} rather willing to miss a trade
[06:35] {bruce} meli stop dino?
[06:35] {dino} rvbd l .11
[06:35] {dino} .48
[06:35] {dino} rvbd .78
[06:37] {dino} tighten meli
[06:37] {dino} but it wants 2 bucks
[06:37] {Threei} no pullback
[06:37] {Threei} oh well
[06:38] {bruce} out meli +.88
[06:38] {dino} beauty
[06:38] {Threei} not horrible at all
[06:39] {BillyD} wtg bruce
[06:39] {bruce} thanx dino
[06:39] {bruce} thanx billy
[06:39] {dino} np, you pulled the trigger
[06:40] {bruce} you see dcc?
[06:40] {dino} ?
[06:40] {dino} thx
[06:43] {Threei} LLTC .65 long half lot if stays above .50
[06:43] {magoo} in
[06:45] {magoo} hhiding arca here, bad quotes
[06:46] {Threei} yep
[06:46] {BillyD} yeah, kind of messed me up on LLTC
[06:46] {magoo} ok, glad not my system
[06:46] {dptl} missed it with arca issues
[06:49] {Threei} 1:1
[06:49] {magoo} out .90 TY
[06:49] {dino} nyx l .60
[06:49] {dino} stop lod
[06:50] {Threei} welcome
[06:50] {Threei} 1:2, out
[06:50] {bruce} all out lltc +.25
[06:50] {Threei} not good bruce... horrible I'll say
[06:51] {magoo} he he vad..yeah ours not good
[06:51] {Threei} :)
[06:51] {magoo} i dsid hit the easy button tho
[06:52] {bruce} true vaD
[06:52] {bruce} you're forgiven
[06:52] {Threei} mags, you have your own now or still sneaking in and hit dino's?
[06:52] {bruce} out rvbd - .23
[06:53] {magoo} i got one for xmas from dino
[06:53] {Threei} oh wow
[06:53] {dino} rvbd stopped -.3
[06:53] {magoo} hje no like his missing all the time
[06:53] {Threei} you have one generous brother
[06:53] {magoo} he go on vaca and return to find it missing:)
[06:53] {Threei} lol
[06:54] {dino} nyx stopped
[06:54] {Threei} Dow is actually green?
[06:54] {Threei} or my quotes lie?
[06:55] {BillyD} green
[06:55] {Threei} want deeper pullback from LLTC
[06:55] {Threei} it keeps forming new consolidations
[06:56] {Threei} and breakout setups are valid on it, my concern is:
[06:56] {Threei} when the next one fails, it's likely to drop fast
[06:56] {magoo} my concern..do not want to lose any ching ching
[06:56] {Threei} with nasty slippage
[06:57] {Threei} so, let's keep size top half lot
[06:57] {Threei} so far, 29.06 next trigger
[06:57] {Threei} if holding 20.90
[06:58] {Threei} NQ is likely to bounce very soon
[06:59] {Threei} SEN SCHUMER: BERNANKE GENERALLY SUPPORTIVE OF ECONOMIC STIMULUS, CITING CONVERSATION EARLIER IN WEEK
[06:59] {Threei} - Says stimulus package will not pass if included with extension of tax cuts
[07:00] {Threei} probably one more leg down
[07:00] {magoo} vad, watching aapl for bounce aslo
[07:00] {bruce} nyx again near here dino?
[07:00] {Threei} LLTC lost support, let it offer better pullback
[07:00] {magoo} vad, when naz bounces..aapl shopuld too
[07:01] {Threei} yes... I'd think somewhere under 164
[07:01] {bruce} jaso dino
[07:02] {magoo} another leg down imo
[07:02] {dino} nyx off of .oo imo
[07:03] {dino} dk jaso
[07:03] {Threei} QID
[07:03] {Threei} .51 long
[07:03] {magoo} here it is
[07:03] {dino} feels like 55 area jaso
[07:03] {dino} edu strong today
[07:03] {bruce} k
[07:03] {Threei} .39 stop
[07:04] {dino} market not helping
[07:04] {dino} aapl lod
[07:05] {dino} edu l sm .50
[07:05] {dino} out 67.60, +1.10
[07:06] {magoo} long aapl smnall .30
[07:06] {lumdus} magoo playing with the monster outch !
[07:06] {Threei} stopped QID
[07:07] {dptl} stoped qid
[07:07] {dino} meli blood
[07:07] {magoo} was good to us yesterday
[07:07] {magoo} out .90, + .60
[07:08] {magoo} LLTC held that pull well
[07:09] {dino} strange morning, really big drops out there
[07:09] {magoo} people scared
[07:09] {magoo} emotions running high
[07:10] {dino} gj magoo
[07:12] {magoo} another naz drop coming
[07:13] {Threei} too tight QID stop eh?
[07:13] {dptl} ye about 6c shake
[07:13] {BillyD} yeah, was just thinking we just missed
[07:13] {magoo} yeah
[07:13] {Threei} but it lost next support at .35 too
[07:14] {magoo} been the scenario of late, nasty rinses
[07:14] {Threei} where do you place a stop for it to be reasonable when it's so shaky
[07:14] {magoo} yours good..don't want 1 trade to kill us
[07:14] {Threei} no way
[07:14] {magoo} could have reversed hard there
[07:15] {magoo} scalpers market until further notice..HIT-N-RUN baby
[07:15] {Threei} today will be covered with dead bodies of heroes
[07:15] {BillyD} lol
[07:15] {magoo} look aapl now
[07:15] {magoo} sheesh
[07:15] {Threei} but of course we will hear only from "I made a killing today" crowd
[07:16] {dino} jaso approaching 55
[07:16] {magoo} jaso tough trader...got magoo more than i got it
[07:16] {BillyD} IDIX Vad
[07:16] {Threei} AAPL mags?
[07:17] {magoo} watch
[07:17] {Threei} IDIX goes to 5, at least IMO
[07:17] {Threei} and most likely much higher
[07:17] {BillyD} just hard to enter it
[07:17] {BillyD} here
[07:17] {Threei} but just as with SEED call, I can't make a precise entry call
[07:17] {Threei} not my type, can't time it well
[07:18] {BillyD} yep
[07:18] {Threei} Roman had a nice early call on it
[07:18] {Threei} so, for this type of mentions to be clear:
[07:18] {Threei} I have no particular read,
[07:18] {Threei} I give my general view
[07:18] {Threei} for those who do have tools to read it better and want to try
[07:19] {Threei} (hawk with his disgusting SEED profits comes to mind)
[07:19] {dino} sigm l .25, stop .89
[07:19] {hawkfan4} lol, that'll get my attention :)
[07:19] {Threei} I knew it :)
[07:19] {magoo} aapl getting interesting vad
[07:19] {dino} my entries are off today
[07:20] {dino} stopped sigm
[07:20] {dino} taking break
[07:20] {Threei} mags, AAPl is a bit weaker than overall market
[07:20] {magoo} good point..agree
[07:20] {magoo} can kill too
[07:20] {dino} aapl to 160 imo
[07:21] {magoo} strike dino?
[07:21] {dino} thinking yes
[07:21] {magoo} bidu losing big 300 vad
[07:21] {magoo} psychological level
[07:22] {magoo} this plays well for my prediction @ 2:15 p.m
[07:22] {Threei} if you can handle its volatility, it's most likely a big short
[07:24] {Threei} COIN small shares long
[07:24] {Threei} stop under 12
[07:24] {dino} wow sgms
[07:25] {magoo} coin entry?
[07:26] {Threei} not higher than .20
[07:26] {magoo} u in?
[07:26] {Threei} was available at .16, 19 and .20 at the moment
[07:26] {Threei} yes
[07:26] {magoo} k
[07:30] {Threei} *DOE CRUDE: +4.26M V +1.2ME; GASOLINE: +2.2M +2.5ME; DISTILLATES: +1.15M V +1.5ME; UTILIZATION: % V 90.3%E
[07:30] {lumdus} in qcom 40.97 stop 39.99
[07:32] {lumdus} -.07 on qcom
[07:32] {Threei} half out COIN .50
[07:36] {Threei} stop to under .20
[07:40] {lumdus} in appl 162.05
[07:41] {lumdus} stop b/e
[07:41] {lumdus} outch !
[07:44] {Threei} dino, you may want to watch MON for bounce
[07:44] {magoo} dino called aapl 160 strike
[07:44] {magoo} he out the door vad, back in awhile
[07:45] {Threei} so, jump at his comp and buy something for him using full margin
[07:45] {Threei} aren't you keeper to your brother
[07:45] {bruce} micc dino
[07:45] {dptl} lltc holding well
[07:46] {magoo} that would get me thrown out the second floor window by force
[07:46] {Threei} I chickened around .50 support dp...
[07:46] {magoo} and thats NOT high enough to kill, so major prolonged suffering vad
[07:46] {Threei} yikes
[07:47] {Threei} ok then... if he is so violent, let him sit with no help by you
[07:47] {Threei} IDIX, look at this stubborn climb
[07:47] {Threei} blazing speed too
[07:47] {magoo} bidu 291
[07:48] {Threei} you sdhorted mags?
[07:48] {magoo} no, i am waiting for vbounce
[07:49] {magoo} may never get it evsr again
[07:49] {lumdus} i came in mindset for long and didn't find setups - nothing much to do.
[07:50] {Threei} lum, are you a trend trader or reversal trader?
[07:50] {lumdus} both ..
[07:50] {Threei} MON up 2 bucks since mention
[07:51] {Threei} dino would be all over it
[07:51] {lumdus} i see no reversal and no trend going up
[07:51] {magoo} why not give monto magoo then vad? he he
[07:51] {Threei} told ya, buy it for dino
[07:51] {lumdus} in lltc 29.17 sto 20.07
[07:52] {magoo} u pushing your luck lil man{soup nazi}
[07:52] {bruce} $9 stop lum?
[07:53] {lumdus} 29.07out
[07:54] {lumdus} out lltc - crap
[07:55] {Roman} long PAAS
[07:55] {Roman} 34.32 capit play
[07:55] {Threei} lum, I didn't understand this stop p[lacement at all
[07:55] {Threei} why 20.07?
[07:56] {Threei} 29.07
[07:56] {lumdus} yeah, was crap
[07:56] {Threei} there was no support there
[07:56] {Threei} to signify trade failure
[07:57] {Threei} seems just arbitrary, not by chart
[07:58] {lumdus} was just to limit exposure in this crazy market
[07:58] {Roman} SOLF
[07:58] {Roman} bouncer
[07:58] {Roman} long small
[07:58] {Roman} CSIQ bouner
[07:59] {Roman} out PAAS +.45
[07:59] {Roman} out SOLF scalp
[07:59] {Threei} ty PAAS Roman, got it too
[07:59] {Threei} lum, not the way to do it, sorry
[08:00] {lumdus} ok, thanks for watching me.
[08:01] {Roman} OMTR capit
[08:01] {Roman} play super small,
[08:01] {Roman} in .62
[08:02] {Roman} out +.42
[08:02] {Threei} 5 cents from bottom
[08:02] {Threei} disgusting
[08:02] {BillyD} nice roman
[08:03] {Roman} ty
[08:03] {Threei} you know if you continue trading like this, noone will come out and play with you tomorrow, right?
[08:04] {Roman} don't get this one Vad
[08:04] {Roman} got to explain
[08:04] {Threei} he who wins every time... :)
[08:05] {magoo} gets snmacked
[08:05] * magoo slaps Roman around a bit with a large trout
[08:07] {dptl} lltc?
[08:08] {Threei} don't know what to say dp... it looks like continuing slow climber
[08:08] {Threei} but pullbacks are not really readable
[08:08] {dptl} ok
[08:10] {Roman} QMAR
[08:10] {Roman} long small
[08:10] {dino} trying to go green imo
[08:12] {Roman} in .38 QMAR small
[08:14] {Roman} stopped
[08:14] {Roman} biatch
[08:15] {dino} dnex
[08:15] {dino} lol rfr
[08:17] {Roman} looking for capt on QMAR bidding 15.5
[08:17] {bruce} stopped qmar -.46
[08:18] {Roman} in. 50
[08:19] {Roman} out .96 +.46
[08:19] {Threei} nice comeback
[08:20] {dino} gj
[08:21] {esemde} yesterday and todays market is for the real PRO"S.......haven't participated much just watching you work
[08:22] {dino} gs strong today
[08:22] {magoo} mkts staging nice come back here
[08:22] {esemde} could todays market end up...UP....
[08:23] {magoo} look at my earlier posted playbook ES
[08:23] {magoo} vad, pullup playbok
[08:24] {dino} es, always remember..."anything can happen"
[08:24] {dino} edu held well
[08:25] {esemde} tried to find it magoo....is it the one that said there would be a bounce
[08:26] {bruce} nyx reversal here dino?
[08:26] {magoo} down ...up...down...finish UP
[08:26] {magoo} no worries...its in the "book"
[08:27] {dino} waiting for 78
[08:27] {esemde} thats funny...it's in the book.....es "why don't you read the book dummy"
[08:27] {esemde} why do you figure it's going to end UP today mags
[08:28] {magoo} watch and see
[08:28] {magoo} i am magoostradamas
[08:28] {dptl} lol
[08:29] {esemde} ha ha ha ha....now that was really funny!
[08:35] {Threei} see LLTC dp?
[08:35] {dptl} ye
[08:35] {Threei} disconnected, no real read
[08:35] {Threei} started rifting aimlessly
[08:35] {Threei} drifting
[08:36] {lumdus} mlnm trying to break
[08:38] {Threei} IBM half lot long
[08:38] {Threei} stop under 102
[08:38] {Threei} first uotick from here
[08:38] {Threei} if holding 102
[08:39] {dptl} in .02
[08:40] {Threei} US HOUSE'S HOYER: ECONOMIC STIMULUS LEGISLATION COULD BE ENACTED WITHIN 1 MONTH
[08:41] {Threei} out
[08:41] {dptl} stopped
[08:41] {dino} can you tell we're in an election year, lol
[08:41] {bruce} same
[08:41] {bruce} nice small stop vad
[08:41] {dptl} -3c
[08:42] {dptl} brcm?
[08:42] {magoo} vad, look right
[08:42] * magoo slaps LaserDave1 around a bit with a large trout
[08:42] * Threei slaps LaserDave1 around a bit with a large trout
[08:43] {Threei} IBM, want bounce still
[08:43] {Threei} .50 is closest support
[08:43] * LaserDave1 slaps LaserDave1 around a bit with a large trout
[08:44] {Threei} .51 long
[08:44] {Threei} if holding .40
[08:44] {Threei} over 1:1
[08:45] {dptl} missed
[08:45] {Threei} out +.25
[08:45] {bruce} same - missed it
[08:45] {bruce} drat
[08:45] {Threei} :(
[08:45] {Threei} sheesh, too soon
[08:45] {Threei} full 50 cents bounce
[08:46] {Threei} BRCM... brewak seems legit
[08:46] {Threei} 23.01
[08:46] {bruce} yes
[08:46] {bruce} very nice bounce
[08:46] {Threei} just remember, it's in NQs hands
[08:46] {Threei} nice C&H on intraday
[08:47] {dptl} stop?
[08:48] {dptl} .84?
[08:48] {Threei} yeah
[08:50] {magoo} how about nvda}?
[08:50] {dptl} offering .18
[08:51] {dptl} out ty
[08:51] {Threei} out .21
[08:52] {Threei} not sure NVDA mags
[08:54] {BillyD} strong mkt move here
[08:55] {magoo} LLTC trying
[08:56] {magoo} COIN trying
[08:56] {Threei} NVDA feels like short candidate
[08:56] {Threei} wouldn't move with market strong power-up
[08:56] {magoo} LLTC new ghigh
[08:56] {Threei} stop .22 NVDA
[08:57] {magoo} u mean brcm?
[08:57] {Threei} no, NVDA
[08:57] {magoo} whered u short it at}?
[08:58] {Threei} right here
[08:58] {Threei} aggressively, with very tight stop
[08:58] {Threei} I'd say, with laughably tight stop
[09:01] {dptl} stopped nvda
[09:01] {Threei} -4 cents
[09:01] {dptl} -5c
[09:01] {Threei} wait for me while I am crying over my ruined budget
[09:02] {magoo} dam..missed LLTC
[09:02] {magoo} was stalking .32
[09:08] {dino} nyx stop to .00
[09:08] {bruce} nihd long vad?
[09:08] {Threei} don't see anything on it
[09:14] {dptl} how about .50 nvda?
[09:14] {bruce} missed nyx dino
[09:16] {Threei} sorry dp... not much I can say about it
[09:16] {dptl} ok
[09:17] {dino} np, i'm boring today
[09:19] {bruce} lol - not a lot of big spike plays yet today
[09:21] {dino} cvco
[09:22] {dptl} is arca better now i have my turned off?
[09:23] {BillyD} no
[09:23] {dptl} i see...thnx Billy
[09:23] {BillyD} :)
[09:27] {dino} missed cvco short
[09:33] * Chaeron slaps LaserDave1 around a bit with a large trout
[09:33] * magoo slaps Chaeron around a bit with a large trout
[09:33] {Chaeron} good to see you to bro :)
[09:34] {Threei} what about me?
[09:34] {magoo} gjfhgfhfnff
[09:34] * Threei slaps Chaeron around a bit with a large trout
[09:34] * magoo slaps bruce around a bit with a large trout
[09:34] {Chaeron} feels good to be loved.........
[09:36] {esemde} half zeeee grate ves of de day....ya'll
[09:36] {dino} cya es
[09:36] {magoo} bye es
[09:37] {Threei} ese exited while I was decoding his message
[09:37] {dptl} ye me too
[09:39] {dptl} o...i got everything but "ves"'
[09:40] {Threei} I would too but I fell asleep
[09:40] {Threei} that "zeee" got me, I am programmed to fall asleep on the first Z sound
[09:41] {dptl} lol.....come on Vad have some scotch
[09:41] {Threei} no way... not before 10 am
[09:41] {dptl} ok 20 min left
[09:48] {dino} nyx stop to .50
[09:52] * bruce slaps magoo around a bit with a large trout
[09:54] {dino} out nyx +.50
[09:54] {bruce} nice dino
[09:56] {dino} ty
[10:00] {Threei} *JAN NAHB HOUSING MARKET INDEX: 19 V 19E- prior month revised from 19 to 18
[10:03] {Threei} ok fess up time... anyone took IDIX?
[10:03] {dino} meli, heck of a daily range
[10:03] {magoo} not my style
[10:03] {BillyD} took it earlier for about a dime
[10:03] * Threei pretends not to be looking at hawk
[10:03] {Threei} billy :)
[10:04] {hawkfan4} lol, nope
[10:04] {BillyD} you see mkt straight down and you go long knowing it is really not your type.....guesswhat? tape wins again
[10:05] {Threei} yup
[10:11] {magoo} mkts rollling over
[10:49] {dptl} .
[10:49] {dino} ..
[10:50] {magoo} ...
[10:50] {patience} don't want to feel left out ....
[10:51] {dino} lol
[10:52] {patience} crying bitterly into my green tea....potash was over $152 CDN yesterday, dropped to $127 range this morning...what a trade it could have been
[10:54] {BillyD} HIMX...a slow one
[10:54] {bruce} a shame patience
[10:54] {dino} it happens, kicking myself for missing meli bottom
[10:54] {bruce} magoosky's fault
[10:55] {bruce} he should have alerted you since hes clairoyant these days
[10:55] {dino} you're correct, it's magoo's fault
[10:56] {bruce} you bet - blame mags blame mags
[10:56] {bruce} damn you mags
[10:56] {patience} only trade i have made today is selling my british pound shorts for a profit
[10:56] {dino} gj, not much for me either today
[10:56] {bruce} ah - well good to be green
[10:56] {dino} cyno spike
[10:57] {bruce} I'm down $2.00
[10:57] {bruce} mags fault
[10:57] * bruce slaps magoo around a bit with a large trout
[10:57] {dino} lol
[10:59] {bruce} how do you keep track of all the diferent execution programs you use patience?
[10:59] {bruce} do you have like 12 monitors or something?
[10:59] {patience} one laptop
[11:00] {patience} phone
[11:00] {bruce} wow - you trade stocks futures options and forex all from one laptop sccreen?
[11:00] {patience} yes bruce
[11:00] {patience} used to have 4 monitors
[11:01] {bruce} that seems like a lot of information to try to keep track of
[11:01] {patience} but with my lifestyle that was hopeless....i am gone from my house quite a bit during the day
[11:01] {patience} well....i manage to pay all my bills and paying down mortgage on a rapid basis....
[11:02] {dino} gj
[11:02] {bruce} obviously works for you
[11:03] {bruce} you have all those programs open at once and tab thru them?
[11:03] {patience} took me couple of years to figure out style for me
[11:03] {patience} yes
[11:03] {bruce} k
[11:03] {dino} market really whipping around
[11:04] {Threei} and goes nowhere very fast
[11:05] {bruce} congrats to you patience - Im still working to trade stocks without tying all that other stuff
[11:07] {dino} you're getting better bruce, stick w/what works
[11:08] {bruce} thanx dino
[11:08] {bruce} doing a lot of yoru style trades these days
[11:09] * magoo slaps bruce around a bit with a large trout
[11:09] {bruce} is bernanke on now?
[11:09] {dino} doesn't matter who's style, just find your edge, manage the risk, be consistant, and keep it simple. good job
[11:09] * bruce slaps magoo around a bit with a large trout
[11:10] * bruce slaps magoo around a bit with a large trout
[11:10] {bruce} and again
[11:10] * bruce slaps magoo around a bit with a large trout
[11:10] {bruce} take taht!
[11:10] {Threei} OPEC SEC GENERAL: NOT HAPPY WITH CURRENT HIGH OIL PRICES
[11:10] {Threei} no?
[11:10] {Threei} since when?
[11:11] {bruce} they don't want too much investment going into lternatives to oil vadster
[11:11] {Threei} QATAR OIL MINISTER: NO NEED FOR OPEC TO BOOST OUPUT AT FEB MEETING- Says OPEC must be cautious as it is facing a Q2 seasonal demand drop and the possibility of a US recession
[11:12] {bruce} for goood measure
[11:12] * bruce slaps magoo around a bit with a large trout
[11:12] {Threei} LIBYA OIL CHIEF: NO NEED FOR OPEC TO RAISE OUTPUT AT FEB MEETING- Notes OPEC needs to gauge new OPEC supply, Q2 demand
[11:12] {Threei} OIL: FRONT MONTH CRUDE FUTURES BREAK BELOW $90, FIRST TIME SINCE DEC 18TH
[11:14] {dino} rvsn
[11:16] {dino} missed at .80
[11:16] {bruce} some kind of ne3ws on it?
[11:17] {dino} not that i see
[11:18] {bruce} l at .94
[11:18] {dino} would've had a buck
[11:21] {dino} bruce, so you know i was going short at 11.80, no fill
[11:22] {bruce} k
[11:22] {bruce} good timing
[11:23] {bruce} I went long 10.94
[11:23] {bruce} stopped .-.32
[11:25] {dino} spikes i like to short
[11:25] {bruce} thought it would have second push up
[11:28] {dino} it is
[11:28] {bruce} yup -baqd entry my part - should have waited a bit longer
[11:32] {dino} rock-n-roll up
[11:41] {dino} bpop
[11:43] {dptl} nvda?
[11:45] {Threei} it's in its own world today
[11:45] {Threei} what's with ZIXI?
[11:45] {Threei} I see no fresh news
[11:45] {dino} dk, don't like the little ones]
[11:45] {dino} no news
[11:45] {Threei} quite a move for a little bugger
[11:48] {dino} another 200pt plus day
[11:48] {dino} about 100 pts shy of avverage
[11:48] {lumdus} yeah, a bugger . wish i was in it . quack
[11:57] {magoo} vad, what u got into last hour here?
[11:58] {lumdus} short rimm 90.22
[11:58] {lumdus} stop b/e
[11:59] {dino} gj
[11:59] {dino} abcw
[11:59] {lumdus} covering rimm by next drop i gues
[11:59] {lumdus} out .77
[12:00] {lumdus} +.55 ?
[12:00] {dino} over already
[12:00] {lumdus} yes, i scalped .. that's it
[12:00] {dino} nice one lum
[12:00] {Threei} looking at DEAR
[12:00] {lumdus} vad told me you don't become a millionare just take what you got and go
[12:01] {dino} agree
[12:01] {Threei} don't see any reason for it to be up that much
[12:01] {dino} this is my paycheck lum
[12:01] {dino} having chart issues
[12:02] {dino} seems banks popping vad
[12:02] {dino} dear, abcw, etc
[12:02] {dino} back in 10
[12:02] {Threei} yesterday's news on it:
[12:02] {Threei} 01/15/08 07:01pm [DEAR] Reports Q4 $0.05 v $0.29 y/y: ROE: 1.13% v 7.43% y/ymore
[12:09] {Threei} QID half lot long
[12:09] {Threei} .65
[12:09] {Threei} under .50 invalidated
[12:10] {dino} issc
[12:10] {dptl} in
[12:11] {dino} vrus animal
[12:13] {Threei} come on NQ, drop
[12:15] {Threei} sigh
[12:15] {dptl} stopped
[12:17] {bruce} stopped her too dp
[12:17] * bruce slaps magoo around a bit with a large trout
[12:22] {dptl} not great today .....missed all winners and picked losers ..one of thouse days
[12:22] {bruce} blame mags dp
[12:23] {magoo} might as well
[12:23] * bruce slaps magoo around a bit with a large trout
[12:23] {bruce} vadsters going to find us a .60 win dp
[12:23] {bruce} he's runningout of time though
[12:25] {lumdus} yeah, we all banking on him
[12:25] {Threei} guys don't do it
[12:25] {Threei} this is exactly how you push me to look for trades that just are not there
[12:25] {lumdus} ok, everybody behave now. got that
[12:26] {Threei} then we get those annoying stops that could be avoided if I didn't feel this pressure to find something
[12:26] {bruce} heaven forbid we would push you vad
[12:26] * bruce slaps magoo around a bit with a large trout
[12:26] {Threei} if I see a trade that is worth the risk I don't hold out on you
[12:26] {magoo} what the ..........
[12:27] {Threei} but to look for a trade actively is not what I want to do
[12:27] {Threei} and not what you want me to do, believe me
[12:29] {lumdus} yeah, don't want to push it.
[12:30] {lumdus} done for the day - have a nice day everyone - see you on friday.
[12:30] {magoo} bye lum
[12:30] {bruce} bye lum
[12:31] {lumdus} vad, i am glad you told me about the stop loss on my portfolio.
[12:31] {lumdus} this am did very well and pm just lost a drop and quit for the day. very happy take care
[12:31] {Threei} protecting profits?
[12:31] {lumdus} yes, protecting my profits from the am session
[12:32] {dino} gj lum
[12:37] {bruce} any feel for cree breakout here vad?
[12:37] {Threei} market seems to aim down here
[12:37] {Threei} not that CREE has much to do with market today but still
[12:38] {bruce} k- lat4e in dayt for brakout any way
[12:38] {Threei} this is that same breakdown which I targeted with that QID long
[12:39] {bruce} there we go - nice 15 c drop - false breakout
[12:39] {Threei} yup
[12:40] {bruce} spoke too soon 40c drop
[12:40] {Threei} can I express my honest opinion about it?
[12:40] {Threei} here goes:
[12:40] {magoo} please do
[12:40] {Threei} @#&^^%!
[12:41] {dino} lol
[12:41] {bruce} 55c drop
[12:41] {Threei} NQ did exactly what I envisioned with .65 QID entry
[12:42] {Threei} but not before two shakeouts
[12:42] {bruce} well - glad I didn't try that breakout fakeout
[12:42] {magoo} that reminds me...takeout
[12:43] {Threei} chinese?
[12:43] {magoo} yup
[12:43] {magoo} fav dish..wanna guess?
[12:44] {Threei} pig ears
[12:44] {magoo} magoo guy pan
[12:45] {bruce} sheeshe - 80 so far -waht a wonderful short
[12:45] {bruce} -$1
[12:45] {Threei} come on bruce... continue thoroughly enjoying not going long on it, don't spoil the joy by thought "why didn't I short it" :)
[12:46] {bruce} lol
[12:46] {bruce} but that was my buck vad
[12:46] {Threei} leave grief to me, I have better reason for it
[12:46] {Threei} seeing the trade and going for it, and being right - but still taking stop because of being too early
[12:46] {bruce} that was one nasty pullback
[12:47] {bruce} sorry to hear vadster
[12:47] {bruce} thats never happened to me
[12:47] {Threei} that's not a pullback if you mean CREE... that;s disaster
[12:47] {Threei} obviously caught a lot of traders by surprize
[12:48] {bruce} thats a lot of longs getting royally @@#$%
[12:48] {Threei} if it wasn't 10 min to eod, I would start looking for long on it
[12:48] {bruce} hey mags
[12:49] {magoo} .
[12:49] {bruce} don't forget the4 sweet andsour magoo balls
[12:49] {magoo} UGHGHGHHGHHGHG
[12:49] {Threei} don't disturb him, chewing roasted pig's ear is a hard work
[12:49] {bruce} lol
[12:49] {bruce} geesh
[12:49] {bruce} I feed them to my dogs
[12:50] {patience} me too...dog gets gas from them though
[12:50] {bruce} Ithi9nk cree is reaonable tlong here
[12:50] {bruce} but too late in day
[12:50] {bruce} my dog gets ggas from regular dog food patience
[12:50] {Threei} well, if we had enough time, I'd say one more sharp leg down
[12:51] {patience} toronto is tanking
[12:51] {bruce} looks like your right vad- pretty crappy bounce
[12:51] {Threei} but being so close distorts things
[12:51] {Threei} people who don't want to be in it on any side start exiting not because of chart but because of time
[12:51] {bruce} maybe my dog could be alternate energy source?
[12:52] {bruce} harness all that methane gas
[12:52] {Threei} so read becomes pretty much useless
[12:52] {dino} nwpx
[12:52] {magoo} now come on...this was tough day to trade, right?
[12:53] {magoo} and the all of january
[12:53] {magoo} yes? no?
[12:53] {patience} today felt different magoo....i could see the train coming down the tracks for me on every trade i conbsidered
[12:54] {BillyD} like getting run over patience ?
[12:54] {Threei} I don't know how to chose between two answers mags:
[12:54] {patience} first time this month that i don't want to hold overnight
[12:54] {Threei} first is, yes january is much tougher
[12:54] {bruce} january sucks
[12:54] {dptl} i am still down for the month :(
[12:55] {bruce} just my opinion ohgh
[12:55] {Threei} and second: entire fall was so giving, maybe market just returned to the norm
[12:55] {bruce} me too dp
[12:55] {magoo} if this is norm, its gonna be tough year, and i am uptoday, but only 500
[12:55] {Threei} but yeah, emotions are pretty high
[12:55] {Threei} oh poor you
[12:55] {Threei} we all are crying
[12:55] {bruce} porr porr maoggosky
[12:56] {Threei} no, this is not a norm
[12:56] {bruce} yes
[12:56] {bruce} tears streaming down face
[12:56] {Threei} this is very nervous market
[12:56] {magoo} i remember ole days..vad spitting out so many trades
[12:56] {Threei} I mean, just look at NQ daily
[12:56] {magoo} i can't keep up..he braggs hes 10 for 10
[12:57] {bruce} when was that mags?
[12:57] {Threei} starting from say 12/28
[12:57] {Threei} down 300 points with barely two green days
[12:57] {Threei} sorry, 3
[12:58] {BillyD} we down about 10% this year overall?
[12:58] {bruce} yes- frustrating though - you'd think we'd see lots of opportunity with those moves
[12:58] {magoo} even the wins are hard fought tho
[12:58] {Threei} bear market is not as generous on opportunities as bull
[12:58] {Threei} it's not just about direction
[12:58] {bruce} I like shorts
[12:59] {magoo} me too
[12:59] {Threei} who doesn't
[12:59] {bruce} speaking of shorts
[12:59] {bruce} should have shorted cree
[12:59] {Threei} but there is more to it than bull market - go long, bear market - go short
[12:59] {magoo} better than long pants in summer
[12:59] {bruce} I hate cree
[12:59] {Threei} try to do a trend trading on a long side in bull market,
[12:59] {Threei} try to do trend trading on a short side in bear,
[13:00] {Threei} you will find the latter much harder
[13:01] {Threei} ok guys, thank you all
[13:01] {bruce} k
[13:01] {Threei} have a good evening, see you tomorrow
[13:01] {bruce} night vad
[13:01] {magoo} good nite vad
[13:01] {dptl} have a good evening all
[13:01] {BillyD} bye]
[13:01] {bruce} gonna get me some deep firied magoo in black bean sauce
[13:02] {dino} later all
[13:03] {dino} wow nazdaq -17% from highs in oct
[13:04] {bruce} yes - isn't 20%considered a bear market ?
[13:05] {dino} yes
[13:05] {bruce} took a while for that real estate bubble to work its waqy through
[13:06] {bruce} thanx again dino
[13:06] {bruce} \goodto work wi you
[13:06] {bruce} night all
[13:09] {magoo} dave DCC if u here
[13:09] * magoo slaps LaserDave1 around a bit with a large trout
[13:09] * magoo slaps LaserDave1 around a bit with a large trout
[13:09] {magoo} attention getter :)