Oct 08 2008

Session Time: Wed Oct 08 00:00:00 2008

[07:42] {magoo} morn
06[07:42] * Threei slaps magoo around a bit with a large trout
[07:42] {Threei} oops... I meant good morning
[07:43] {magoo} wow that was quick
[07:43] {Threei} lol
[07:43] {magoo} vad...futs were down 350..up 150..what u thinking today?
[07:44] {Threei} you know, I want to reserve form ing opinion for a bit
[07:44] {magoo} dcc me it then
[07:44] {magoo} come on
[07:44] {Threei} reason is, I clearly allowed my longer term outlook to imact my intraday outlook yesterday
[07:44] {magoo} im there
[07:44] {Threei} so want to make sure I remain objective and trade what I see today
[07:49] {patience} i like that rate cut :) good morning rt
[07:49] {Threei} patience :)
[07:50] {magoo} vad, any news goog bidu aapl rimm??
[07:51] {_xzap} morning all
[07:53] {magoo} morn xzap
[07:54] {_xzap} The only news I saw on RIMM was from y'day magoo
[07:55] {Threei} zap :)
[07:55] {Threei} FED'S PLOSSER: RATE CUTS HAVE A "QUITE LIMITED" ABILITY TO NETRALIZE SYSTEMIC SHOCKS, RATE POLICY SHOULD BE AIMED AT CONTROLLING MEDIUM-TERM INFLATION
[07:55] {Threei} - Regulatory changes should not impare the Fed's independence, Fed must protect it independence
[07:55] {Threei} - Should "think twice" about broadening the Fed's supervisory role, worried by the Fed's balance sheet expansion.
[07:55] {Threei} - The Fed cannot eliminated all market instability, its main role is price stability.
[07:55] {Threei} - We should avoid unrealistic expecations for Fed intervention, calls on the Fed to deliniate clear boundaries for intervention. A systematic approach is needed for emergency lending.
[07:55] {Threei} - "Our preference" is to let market forces restructure financial services, notes that modern financial systems cannot be immune to all types of stress.
[07:57] {Threei} *CENTRAL BANKS ISSUE JOINT STATEMENT ON CO-ORDINATED RATE CUTS
[07:57] {Threei} - Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets.
[07:57] {Threei} - Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy and other commodity prices. Inflation expectations are diminishing and remain anchored to price stability. The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability.
[07:58] {Threei} - Some easing of global monetary conditions is therefore warranted. Accordingly, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, Sveriges Riksbank, and the Swiss National Bank are today announcing reductions in policy interest rates. The Bank of Japan expresses its strong support of these policy actions.
[08:01] {Threei} lol, I forgot to post cut ityself
[08:01] {Threei} *CENTRAL BANKS ENACT COORDINATED INTEREST RATE CUTS; FED, ECB, SNB, BOE, RIKSBANK BANK OF CANADA, CHINA PARTICAPATE
[08:01] {Threei} -FED cuts base rate by 50bps to 1.5%
[08:01] {Threei} -ECB cuts base rate by 50bps to 3.75%
[08:01] {Threei} -SNB cuts base rates by 50bps to 2.5%
[08:01] {Threei} -BOE cuts rates 50bps to 4.5%
[08:01] {Threei} -Swedish Riksbank cuts base rate by 50bps to 4.25%
[08:01] {Threei} -Bank of Canada cuts base rate by 50 bps to 2.5%
[08:01] {Threei} -Bank of China cuts base rate 27bps to 6.93%
[08:01] {Threei} quite extraordinary measure
[08:02] {_xzap} what happens when the rate gets to 0 ?
[08:02] {Threei} it won't... sellers will run out of shares to sell sooner than that :)
[08:02] {patience} the gold buried in my back garden will be worth more than my property
[08:03] {_xzap} I wish I had bot some bullion in the 500 area
[08:03] {_xzap} I did buy silver bullion at $11
[08:04] {patience} i am disappointed with how silver has been performing lately
[08:04] {_xzap} me too patience
[08:04] {patience} gold up in spot market this morning
[08:04] {_xzap} I started to sell when it was near $20 but thought it was going to $50
[08:05] {patience} i bought silver wheaten options, sigh
[08:05] {_xzap} I used to trade SLW & GG a lot
[08:06] {patience} me to, i still am holding barrick, goldcorp, kinross
[08:06] {_xzap} oh yeah, I made some $$ on KGC
[08:06] {patience} i'm nervous of kinross with their russian holding
[08:06] {Threei} I watch SLW now and then
[08:07] {Threei} quite a wierdo
[08:07] {_xzap} here's my gold chart: http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=6&dy=0&id=p04450128489&a=99840231
[08:08] {patience} i've been trading gold for awhile, too much manipulation in it
[08:09] {_xzap} i quit trading gold when it got too violent in the swings
[08:10] {patience} i'm a goldbug....pretty much sums it up, blind faith
[08:10] {_xzap} LOL, #1 gap up right now is GOLD
[08:10] {_xzap} do you read Sinclair patience ?
[08:13] {patience} not really, just went and looked at it
[08:15] {_xzap} I rode Century Mining down from $1 and change to .40 cmm.v
[08:15] {patience} ouch
[08:15] {Threei} (CA) SEPT HOUSING STARTS: 217.6 K V 205.0KE
[08:15] {_xzap} yeah, it had a lot of promise or so I thought
[08:15] {Threei} crisis? what crisis?
[08:16] {patience} i traded junior miners 2 years ago and then switched into the big producers
[08:16] {patience} i prefer to scalp than to hold
[08:16] {_xzap} CMM was a spec.
[08:17] {_xzap} I've totally switched to day trading, I won't hold anything overnight
[08:18] {patience} vad taught me to scalp and now i hold minutes to days...but not long
[08:18] {_xzap} I started studying day trading this past January. So far I'm still at a net loss but I'm getting there
[08:19] {patience} managing risk.....learn from vad
[08:20] {_xzap} my mentor taught me how to play the mgr's (morning gap reversals). I still have problems with entry and exit
[08:20] {patience} platform or executing?
[08:20] {_xzap} executing
[08:21] {patience} ok, vad...over to you
[08:21] {_xzap} lol
[08:21] {Threei} I don't use his platform :)
[08:21] {Threei} won't work as a cop-out?
[08:22] {patience} ummm, no
[08:22] {Threei} I knew it
[08:23] {Threei} have you paper traded the method, zap?
[08:23] {_xzap} I've been looking for a room like this with a seasoned leader but some vol would be nice
[08:23] {_xzap} yes I have Vad
[08:23] {Threei} works?
[08:23] {_xzap} i still paper trade now some days
[08:23] {_xzap} yes on paper it works
[08:23] {Threei} I mean that particular method
[08:23] {_xzap} yes
[08:23] {Threei} what's your usual lot?
[08:23] {_xzap} 200 - 500
[08:24] {Threei} so, how about starting it with 50?
[08:24] {Threei} not much more psychological pressure than paper
[08:24] {_xzap} I have traded some 100 lots
[08:24] {Threei} build confidence in method, raise to 100 when it works consisntly for a week or two
[08:24] {_xzap} ok
[08:24] {Threei} raise to 200 when it works consistently over next couple weeks
[08:25] {Threei} increase size gradually to avoid sudden pressure
[08:25] {Threei} on your own comfort
[08:25] {_xzap} under normal mkt conditions, the handful of stocks I trade will easily move 2 -3 points on a reversal
[08:25] {Threei} ease in so to speak
[08:25] {Threei} what do you mean by "some vol would be nice"?
[08:26] {_xzap} vol in the market so we could get normal runs
[08:26] {Threei} well, it will return
[08:26] {Threei} soon enough
[08:26] {Threei} btw, unless there is an extention, short ban expires this evening
[08:26] {_xzap} i try not to trade if the vol on a stock is less than 10k a minute
[08:27] {Threei} that alone should add volume
[08:28] {_xzap} I was taught top down trading, Market, sector, futures, tick & trin but right now the mky is so thin
[08:29] {_xzap} BTW patience, GOLD & AAUK are 2 top gap ups, gold is gonna be in play today I guess
[08:30] {patience} would be nice, i would so love some momo
[08:30] {_xzap} I just scan for stocks } $10 so there's probaly a lot more
[08:33] {Threei} CELL
[08:33] {Threei} SIGNS AGREEMENT IN SOUTH AGRICA WITH SAMSUNG
[08:36] {_xzap} patience } GOLD gap up $5.73
[08:36] {_xzap} anyone want coffee [ ]}
[08:37] {cosmo} add a shot
[08:38] {cosmo} tequila pls
[08:39] {_xzap} the futures have turned
[08:39] {Threei} NQ went from 30+ to red
[08:40] {Threei} see why I am hesitant to form premature opinions today mags?
[08:40] {Threei} central banks around the world take unprecendented measures and signal that they will do whatever it takes to turn this situation around,
[08:41] {Threei} yet market drops.
[08:41] {Threei} It tells me, all their measures will work of course, there is no doubt,
[08:41] {Threei} but market will turn on its own terms
[08:41] {Threei} when it gets rid of early longs,
[08:41] {patience} with as few onboard as possible
[08:41] {Threei} of those who stubbornly hold
[08:41] {Threei} right
[08:42] {Threei} when all the hope lost,
[08:42] {Threei} and when notion of "this sucker is going down" becomes widely accepted.
[08:42] {Threei} There is too much money to be made when it happens,
[08:43] {Threei} no need to cut our fingers trying to get exact moment now.
[08:47] {hawkfan4} "this sucker is going down"
[08:47] {Threei} lol
[08:47] {Threei} meanwhile NQ -26
[08:47] {Threei} over 50 points reversal
[08:47] {hawkfan4} relentless sellers
[08:48] {Threei} truly amazing
[08:49] {Threei} look at BAC
[08:49] {Threei} so, when they bought countrywide and merryl... what exactly did they buy?
[08:50] {peterg} morning, back in hr
[08:50] {Threei} hi peter
[08:50] {hawkfan4} crushed. finnies could get sold today ahead of the short ban ending. then the short ban will end, and they'll get sold again
[08:50] {Threei} lol
[08:51] {Threei} so they get sold no matter what?
[08:51] {Threei} how about ban on selling - will they get sold anyway?
[08:51] {Threei} this looks like resort measure :)
[08:51] {hawkfan4} i see no other option...they'd find a way :)
[08:52] {Threei} I've no doubt
[08:52] {Threei} if that takes injecting 10T they'll do it
[08:53] {Threei} any expense imaginable is cheaper than letting total metdown happen
[08:53] {Threei} and consdering that money is being created by mouse click - what is there to stop them?
[08:54] {hawkfan4} i'm imagining Bernake watching the futures and holding his head, like a trader stuck in a really bad losing position
[08:54] {patience} nah, he's out on job interviews
[08:54] {_xzap} lol hawk, so true
[08:55] {Threei} took 500 at .25 DELL
[08:55] {Threei} this is getting ridiculous
[08:56] {Threei} wet soapy babies are flying everywhere
[08:58] {Threei} now, I am going for a smoke... and when I return I want to see DELL above 14
[08:58] {hawkfan4} lol
[08:58] {_xzap} they built a new Dell plant near me 2 -3 years ago and now there's talk of it closing
[08:59] {_xzap} I haven't had a cigarette in 1 1/2 years, going for a smoke sounds soooo good
[09:00] {patience} my father died in may from smoking, it's not good
[09:00] {_xzap} I quit because of a heart attack at 50
[09:00] {cosmo} cigarettes anyway
[09:00] {Onix} Good morning all
[09:01] {_xzap} morning Onix
[09:02] {_xzap} LOL, me too cosmo
[09:02] {Threei} onix :)
[09:03] {Threei} hmm... stuff I smoked was not strong enough to send DELL to above 14 :)
[09:03] {cosmo} yeah...i don't care what gas costs.... i still smoke my tires.
[09:03] {cosmo} hehe
[09:03] {_xzap} lol
[09:04] {_xzap} I think maybe the BIG sell off is near, maybe today
[09:04] {Threei} market sure feels this way
[09:06] {GeoArb} gm all
[09:06] {Threei} geo :)
[09:06] {_xzap} Geo
[09:07] {cosmo} careful...soapy babies are slipery
[09:07] {Threei} Russian exchange is closed till Fri
[09:08] {Threei} let me repost what I said earlier:
[09:08] {Threei} [07:44] {Threei} I want to reserve forming opinion for a bit
[09:09] {Threei} [07:44] {Threei} reason is, I clearly allowed my longer term outlook to imact my intraday outlook yesterda
[09:09] {Threei} [07:44] {Threei} so want to make sure I remain objective and trade what I see today
[09:09] {Threei} 80 points reversal NQ
[09:10] {cosmo} need another rate cut ...before the open maybe
[09:10] {_xzap} When the Buffet effect didn't work on GE, I knew that couldn't be a good thing
[09:12] {Threei} so far it looks like panic is about to hit right out of the gate
[09:13] {Threei} DJI -213
[09:13] {_xzap} I think that's what the mkt needs Vad, a violent drop
[09:13] {Threei} probably
[09:13] {Threei} washout
[09:13] {_xzap} yep, shake it all out and start building a base
[09:14] {Threei} can you smell desperation is this comment:
[09:14] {Threei} GOLDMAN CHEIF OF GLOBAL ECONOMIC RESEARCH O'NEILL: COORIDNATED RATE CUTS WERE AGRESSIVE AND A VERY POSITIVE STEP
[09:15] {Threei} (FR) FRENCH PM: FRANCE IS READY TO ACQUIRE STAKES IN BANKS, UNDER CERTAIN CONDITIONS
[09:15] {Threei} or this:
[09:15] {Threei} CITIGROUP NOW EXPECTS ECB TO CUT RATES TO 2% BY THE END OF 2009
[09:18] {_xzap} 95% of retailers lowering guidance
[09:18] {Threei} no wonder
[09:19] {Threei} consumer confidence is evaporating
[09:20] {_xzap} I think one thing that really has the mkt on hold right now is all the CEO's that came on TV and said "we are fine" only to tank the next day
[09:20] {_xzap} no trust
[09:21] {dptl} good morning all
[09:21] {Threei} dp :)
[09:22] {_xzap} hi dp
[09:22] {dptl} :)
[09:22] {_xzap} Vad, why is the dollar so strong ? That I don't understand
[09:22] {Threei} SEC'S COX: CONGRESS MUST ACT NOW TO PROVIDE OVERSIGHT FOR CREDIT/DEFAULT SWAP MARKETS
[09:23] {Onix} hi dp:)
[09:23] {Threei} I'll submit to Cox, they should have acted on CDS years ago
[09:23] {dptl} :) Onix
[09:23] {Threei} zap... a lot of theories, none of them short enough to post here,
[09:24] {Threei} a very very short jist would be:
[09:24] {Threei} deeply oversold levels plus realisation that Europe situation is probably even more dire than USA
[09:24] {_xzap} look what it's done since mid July: http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=3&mn=0&dy=0&id=p02312263577&a=99941010
[09:25] {Threei} plus complicated carry trades and derivatives suddenly leading to sahirtage of USD in Central banks
[09:25] {Threei} plus 5 more factors, too much for me to remember
[09:28] {Threei} call me a whimp, but I am out that half lot DELL .50
[09:29] {Threei} DNDN
[09:29] {Threei} HEARING RENEWED CHATTER THAT DNDN MAY ANNOUNCE A PARTNERSHIP WITH A BIG PHARMA COMPANY
[09:30] {Threei} NUAN
[09:30] {Threei} SIGNS MULTI-YEAR AGREEMENT WITH NOKIA, SPANNING ADVANCED INPUT TECHNOLOGIES AND OPEN DEVELOPMENT FRAMEWORK
[09:32] {Threei} UPDATE: CANACCORD ADAMS RAISED RIMM TO BUY FROM HOLD
[09:32] {Threei} - pre-open
[09:37] {Threei} Long Setup: DELL .41
[09:37] {Threei} .29 stop
[09:38] {Threei} half out .56
[09:38] {Threei} scalpers know what to do
[09:38] {Threei} stop to .39 for holders of half
[09:39] {magoo} out ty vad
[09:39] {Threei} welcome sir
[09:39] {GeoArb} TY vad
[09:39] {Threei} out in full .75
[09:41] {Threei} candidates for pullback entry: XLNX and ADBE
[09:43] {_xzap} DRYS setting up for short
[09:44] {Threei} ADBE 29.06 half lot break
[09:45] {Threei} XLNX 21.25 half lot
[09:45] {Threei} ADBE invalidated
[09:45] {Threei} bounce candidate rather
[09:46] {Threei} XLNX is valid as long as holding above 21
[09:50] {Threei} XLNX over 1:1
[09:51] {Threei} ADBE slipped through fingers
[09:51] {_xzap} DRYS res at 22.5
[09:52] {esemde} good morning
[09:52] {Threei} ese :)
[09:52] {_xzap} hey ese
[09:53] {Threei} Long Setup: NUAN 11.81 half lot if stays above .60
[09:54] {Threei} German Fin Min Steinbrueck stated in a letter to US Treasury's Paulson that markets are still far from being “out of the woods” and called for for a global ban on certain short selling activities.
06[09:54] * Threei is crying
[09:56] {_xzap} Vad, do you place buy stop orders such as 11.81 on NUAN ?
[09:56] {hawkfan4} how many points is the dow down since the short ban?
[09:56] {Threei} no, I execute manually
[09:56] {_xzap} ok
[09:56] {Threei} no kidding hawk
[09:57] {_xzap} pending home sales at 10 am
[09:59] {_xzap} Vad, here's part of my problem. I wanted to short DRYS @ 22.50 but didn't pull the trigger. Now it's down almost 1 point
[10:00] {Threei} zap... best book I can recommend on this kind of troubleshooting for practically any frequent problem:
[10:00] {Threei} http://www.realitytrader.com/masterplan/
[10:00] {_xzap} ok
[10:00] {Threei} AUG PENDING HOME SALES: 7.4% V -1.3%E
[10:00] {Threei} - prior revised from -3.2% to -2.7
[10:01] {Threei} hmm
[10:01] {GeoArb} dino buying again
[10:01] {Threei} isn;'t it an unexpectedly good number
[10:01] {Threei} lol
[10:01] {magoo} vad..should we be buying pullbacks or shorting spikes?
[10:01] {Onix} lies me thinks
[10:02] {Threei} for now, buying pullbacks mode mags
[10:02] {Threei} but let's keep it to half lots
[10:02] {magoo} k
[10:02] {Threei} it's not like all the nervousness got removed from market over last 30 minutes
[10:03] {Threei} onix.. even if number is true... it's pending, so certain % of those will fall trough for the lack of financing
[10:04] {Threei} and I'd suspect in current credit crunch it will be signifiant %
[10:04] {Onix} all true
[10:04] {GeoArb} so whats the trickle down timeline again?
[10:04] {_xzap} I really don't like this swing from pm to the open
[10:05] {_xzap} CSIQ at 12.40 ?
[10:06] {Threei} .41
[10:06] {Threei} and puyllback is too deep now
[10:06] {Threei} invalidated as breakout unless goes through new consolidation between .20 and .40
[10:07] {_xzap} I see res at the pivot lines
[10:07] {GeoArb} i guess nuan still on
[10:07] {Threei} it is but keep an eye on futs
[10:08] {Threei} all these plays are valid only with market resumping strength
[10:11] {Threei} if market returns to melancholic mode, NUAN will be a short on .60 breakdown
[10:17] {Threei} feel free to cover NUAN for a scalp
[10:21] {_xzap} got + .16 out of NUAN
[10:22] {Threei} cool beans
[10:22] {GeoArb} "cool beans"
[10:22] {_xzap} but that just covers com. on 100 shares
[10:22] {Onix} ty Vad, got .18 in NUAN
[10:22] {Threei} geo... whatever you do today, do NOT keep score which is now stands at 3 for 3
[10:22] {hawkfan4} lol
[10:22] {Threei} onix :)
[10:22] {GeoArb} my tally pad is flushed
[10:22] {GeoArb} and off course you mentioned the numbers
[10:23] {Threei} well zap... 100 shares is not really money making lot unless you play something of RIMM kind... it's a training lot
[10:23] {GeoArb} in laser i need about 2 cents regardless of share size
[10:23] {_xzap} I'm just gun shy from previous losses and this real thin mkt
[10:23] {GeoArb} right vad?
[10:24] {GeoArb} i am counting in and out and ECN passthrus
[10:24] {_xzap} Scott Trade, I need .14 for break even
[10:24] {Threei} actually yes... do you pay per share commissions or per order, zap?
[10:24] {GeoArb} scotttrade
[10:24] {GeoArb} ticket
[10:24] {_xzap} per order, $7
[10:24] {Threei} no good for less than 100 shares then
[10:24] {GeoArb} gotta pay for the helecopter :)
[10:25] {Threei} less than 1000 sorry
[10:25] {_xzap} i know
[10:25] {Threei} and execution on scott... sorry, never heard much compliments about that
[10:27] {_xzap} it does take 2 fills sometimes over 500
[10:27] {Threei} and you pay two tickets??
[10:27] {_xzap} no, just 1
[10:27] {Threei} whew
[10:27] {_xzap} SQNM break down
[10:27] {Onix} Questrade at least charges only $4.50 in & $4.50 out up to 499 shares
[10:28] {GeoArb} what we need vad is to open a brockerage
[10:28] {GeoArb} brokerage too
[10:28] {_xzap} too late on SQNM, missed that one
[10:28] {Threei} I'd agree with you if it was 1998 :)
[10:28] {GeoArb} :)
[10:28] {_xzap} whay do you guys use ?
[10:29] {Threei} laser
[10:29] {Onix} I use Genesis' Laser platform
[10:29] {GeoArb} I signed up for real moneyand signed up for a "book" on options on futures......I got a call from a full service broker for 15 min.....then me mailed me a CME booklet !!!!
[10:29] {_xzap} Is it just a platform for entering orders ?
[10:29] {Onix} $0.05 per share
[10:30] {Threei} it's a full package zap
[10:30] {GeoArb} what else would you need xzap?
[10:30] {Threei} quotes, charts, executions
[10:30] {Threei} *US TSY TO REOPEN SECURITIES IN MULTIPLE AUCTIONS
[10:31] {Threei} click on an icon on our homepage zap, and ask for a demo
[10:31] {_xzap} ok, thx
[10:31] {Threei} run it for a week, see if you like it
[10:31] {_xzap} I hate setting up a whole new program
[10:32] {Threei} pay to scotttrade then :)
[10:32] {_xzap} lol
[10:32] {Threei} hehe
[10:32] {Threei} come on... takes what, 10 min?
[10:32] {_xzap} I'm looking now
[10:32] {Threei} who installed laser more or less recently
[10:32] {GeoArb} me?
[10:32] {Threei} more than 10 min?
[10:32] {Onix} I did
[10:32] {Threei} or less?
[10:33] {_xzap} and the fees are what ?
[10:33] {Threei} especially if using pre-canned layouts
[10:33] {Onix} VERY quick & easy with LaserDave's help
[10:33] {GeoArb} i just borrowed vads and daves
[10:33] {Threei} read there on a webpage zap
[10:33] {GeoArb} and mixed em
[10:33] {Threei} laserdave is moving these couple days, so maybe a phone call will be faster than e-mail
[10:34] {_xzap} I would like a system where you can enter a stop at the same time you enter a buy in one order
[10:34] {GeoArb} hmmm
[10:34] {Threei} sorry, two separate operations
[10:34] {_xzap} I think they all are
[10:34] {GeoArb} depends xzap
[10:35] {GeoArb} use button trader with IB it throws a bracket out.... stop and target
[10:35] {GeoArb} but you loose a lot on speed
[10:35] {GeoArb} as vad will testify i went on that journey
[10:35] {Threei} DOE CRUDE: +8.21M V +2.4ME; GASOLINE: +7..2M V +1ME;
[10:35] {Threei} oh boy
[10:35] {esemde} OK....added another full lot of NVDA at 7.25
[10:35] {Threei} we are awash in oil
[10:36] {Onix} but the price is holding well
[10:36] {Threei} ese... what's your time horizon for NVDA?
[10:36] {Threei} price of what onix?
[10:37] {Threei} USO dropped dolar and half on numbers
[10:37] {Onix} oil
[10:37] {esemde} months ....possibly a year
[10:37] {Onix} oh did not watch USO
[10:37] {Threei} :)
[10:38] {Threei} ese... I believe you are getting firesale prices
[10:38] {Threei} I honestly can't imagine all DELLs and NVDAs of the world remaining this low
[10:39] {esemde} On this one for sure.......at the very least it could be bought out for anywhere between 15 and 20 a share....which I doubt would happen
[10:39] {_xzap} so laser is $200 a month ?
[10:39] {Threei} shhh zap
[10:39] {_xzap} lol
[10:39] {Threei} there is a little dirty secret
[10:40] {Threei} dcc for it :)
[10:43] {Threei} USO is down more
[10:52] {Threei} market narrowed
[10:52] {Threei} staying on a sideline, waiting for next road signal
[10:55] {Onix} Until later then, gotta go to my real job now
[10:58] {Threei} getting interested in AA but so far can't get its rythm
[11:01] {Threei} US TREASURY SEC PAULSON WILL REPORTEDLY SPEAK AT G7 CONFERENCE LATER TODAY
[11:04] {Threei} AA
[11:04] {Threei} .61 lng
[11:04] {Threei} .49 stop
[11:04] {Threei} argh
[11:04] {Threei} a bit late
[11:05] {GeoArb} second c\hance?
[11:05] {Threei} yes
[11:05] {Threei} got .56
[11:07] {Threei} half out .74
[11:07] {Threei} full out.85
[11:07] {magoo} out .88 TY vaad
[11:07] {Threei} welcome sir
[11:08] {GeoArb} all out .89
[11:08] {GeoArb} was in .63
[11:08] {dptl} ty aa +.30
[11:08] {Threei} close enough
[11:08] {Threei} good job guys
[11:08] {GeoArb} nice vad
[11:09] {_xzap} DRYS @ 20.70 ?
[11:09] {Threei} wow
[11:09] {Threei} it's 65 cents from here :)
[11:10] {_xzap} SQNM 18 ?
[11:11] {Threei} not clear SQNM
[11:12] {_xzap} ADBE
[11:13] {Threei} if market resumes strength, AA could be a nice runner off 14 break
[11:13] {Threei} risky one
[11:15] {magoo} vad..yu think we going down 350 today?
[11:15] {Threei} no
[11:15] {Threei} but then again, I didn't think that yesterday either
[11:15] {GeoArb} sounds like a town hall answer vad
06[11:16] * Threei slaps GeoArb around a bit with a large trout
[11:17] {GeoArb} geo{-- agrees market has slowed down too
[11:19] {Threei} hint Geo... that's not the way to talk a man who is running 4 for 4 today (not that we keep score)
[11:20] {GeoArb} geo{-- bows and scrapes and shuffles away.... not keeping score off course
[11:20] {Threei} nope
[11:21] {Threei} half out AA
[11:21] {Threei} that would constitute 5 for 5 IF we kepr score
[11:21] {GeoArb} half out .11
[11:21] {GeoArb} wow
[11:22] {Threei} out in full
[11:23] {GeoArb} out now
[11:23] {GeoArb} .26
[11:23] {GeoArb} saweet
[11:24] {GeoArb} i LOVE hotkeys
[11:24] {GeoArb} thanks dptl
[11:24] {dptl} :)
[11:25] {GeoArb} oh yeah... thanks vad
[11:27] {Threei} pullbacks are buyable, IMO
[11:27] {Threei} just don't jump in too soon
[11:28] {Threei} or wait for some consolidation followed by break
[11:28] {Threei} ADBE, AA
[11:29] {_xzap} DRYS at .21 ?
[11:29] {Threei} very nice pullback AA
[11:29] {Threei} 21 break
[11:29] {Threei} on DRYS
[11:30] {GeoArb} heheheh
[11:30] {GeoArb} i went .21 break on aa
[11:30] {GeoArb} got out 26 after reading next line
[11:30] {GeoArb} 5 cents
[11:30] {Threei} it has more in it if market resumes
[11:31] {Threei} and it should
[11:31] {_xzap} $21 break or .21 break Vad on DRYS?
[11:31] {Threei} 21
[11:31] {Threei} but pullbacks are way too deep on it for my taste
[11:31] {_xzap} k
[11:31] {Threei} too volatile for reliable read
[11:32] {_xzap} Semi's #2 hot group right now
[11:33] {Threei} what's number 1?
[11:33] {_xzap} Gold & Silver
[11:33] {_xzap} missed a good run on FMER
[11:34] {esemde} am back...screen trouble
[11:34] {Threei} sizeable pullback ADBE also
[11:34] {Threei} wait for market to resumption
[11:35] {_xzap} thx for the info Vad, I talked to dave
[11:36] {Threei} still selling in the market but reversal feels close
[11:37] {GeoArb} quick Q.... do people here have TTN?
[11:37] {GeoArb} as vad posts the imp stuff anyway
[11:38] {GeoArb} trying to cut back on subscriptions
[11:38] {_xzap} what's TNN Geo?
[11:38] {GeoArb} tradethenews
[11:38] {Threei} in AA
[11:38] {_xzap} nope
[11:38] {Threei} stop .15
[11:39] {Threei} missed ADBE
[11:39] {Threei} just a scalp most likely, don't chase above .25
[11:45] {_xzap} JOYG near day's low
[11:45] {magoo} 200 down boss
[11:45] {Threei} and counting
[11:46] {Threei} easy money maybe done for now
[11:47] {_xzap} JRCC short ?
[11:47] {Threei} on bounce preferrably
[11:48] {Threei} .30 -.40 area is closest resistance
[11:48] {_xzap} FWLT short ?
[11:49] {Threei} how many of them are you playing at the same time?
[11:49] {Threei} JRCC just bounced into resistance
[11:49] {_xzap} I watch 5 charts
[11:50] {Threei} yes, but 5 open positions in such thin and fast stocks?
[11:50] {Threei} look at JRCC
[11:50] {Threei} beautiful drop right off resistance area
[11:50] {_xzap} oh no, just watch for pivots and res/sup
[11:50] {Threei} you took it?
[11:50] {Threei} focus man, focus :)
[11:50] {_xzap} didn't tak eit Vad
[11:50] {_xzap} carpet cleaner is here
[11:51] {dptl} lol
[11:51] {GeoArb} lol
[11:51] {Threei} oh I see... you ask just to make me work :)
[11:51] {GeoArb} thats whats funny
[11:51] {_xzap} yes, so I can learn
[11:51] {GeoArb} prodding vad out sleep
[11:51] {_xzap} and I like to hear you talk, I like your accent
[11:51] {dptl} maan you guys...lol
[11:51] {Threei} lol
[11:52] {dptl} can concentrate :)
[11:52] {dptl} cant
[11:52] {Threei} so, group opinion... does this deserve baptising by trout?
[11:52] {patience} yup
[11:52] {Threei} only spelled right
06[11:52] * magoo slaps _xzap around a bit with a large trout
06[11:52] * Threei slaps _xzap around a bit with a large trout
06[11:52] * dptl slaps _xzap around a bit with a large trout
06[11:52] * GeoArb slaps _xzap around a bit with a large trout
[11:52] {_xzap} LMAO
[11:52] {Threei} there... NOW you are member of the group
06[11:53] * hawkfan4 slaps _xzap around a bit with a large trout
[11:53] {Threei} hawk is real trader... he took profit on JRCC first, slapped later
[11:53] {hawkfan4} lol
[11:56] {_xzap} CRZO near losing S2
[11:58] {GeoArb} i have seen the calculations of the pivots xzap
[11:58] {GeoArb} do you think that works better than looking for prev supp res?
[11:58] {_xzap} on QT ?
[11:58] {GeoArb} yes
[11:59] {dptl} i think it all depends on how many people look at this staf on that day geo
[11:59] {_xzap} I use S1 & S2, R1 & R2 and a pivot, they are usually pretty spot on
[11:59] {GeoArb} my impression has been it works better on futures.... but then i dont say this from my lake front estate so........
[12:01] {_xzap} yeah, I've yet to move to the lakefront myself
[12:01] {_xzap} I use them in combination with EMA's and stochs
[12:01] {GeoArb} ok
[12:01] {_xzap} works very well in theory, I'm just gun shy right now from some previous losses
[12:02] {_xzap} see how CRZO bounced off S2 Geo and has moved up .65
[12:03] {GeoArb} Ill have to fire up QT.... I am just using laser charts
[12:03] {GeoArb} will do after market hrs
[12:06] {Threei} starting looking for shorts
[12:06] {Threei} hesistated on DELL .60 break
[12:11] {Chaeron} good afternoon all
[12:11] {Threei} awww
[12:11] {Threei} hi chaeron :(
[12:11] {GeoArb} tch tch
[12:12] {Chaeron} ? something I said?
[12:12] {GeoArb} we dont keep count....
[12:12] {Threei} nah
[12:12] {Threei} just too bad you missed this morning
[12:12] {GeoArb} of wins
[12:13] {Chaeron} I had to go all the way home again for 2 bottles of Vodka
[12:13] {GeoArb} ok that reason wins
[12:13] {Chaeron} that's why I'm late :(
[12:13] {GeoArb} chaeron where do you work again?
[12:13] {patience} are they both empty?
[12:14] {Chaeron} no patience... gifts for a lawyer
[12:14] {GeoArb} wo
[12:14] {Chaeron} sorry to diappoint..
[12:14] {GeoArb} you must have done something really bad
[12:14] {Chaeron} I'm in Fashion Island geo
[12:14] {Chaeron} noooooooo
[12:14] {Threei} DELL bounced into resistance
[12:14] {Chaeron} just signed a deal
[12:14] {Threei} short on market wekening again
[12:15] {Threei} in
[12:15] {Threei} stop above .60
[12:15] {Threei} most likely just a scalp
[12:15] {GeoArb} in .55
[12:16] {Threei} no worky
[12:17] {GeoArb} yo still have that bottle chaeron? :)
[12:17] {_xzap} hi Chaeron
[12:17] {Chaeron} yeah....
[12:17] {GeoArb} :)
[12:17] {Chaeron} hey Zap :)
[12:18] {_xzap} watching JRCC to lose the .50
[12:21] {_xzap} looks like a lot of stocks are holding at S2
[12:23] {patience} ok, off to do 10k, abx +1.57, trades nicely this morning
[12:24] {_xzap} a 10K run patience ?
[12:25] {patience} every day
[12:25] {_xzap} wow
[12:26] {_xzap} I run up and down the steps to fix lunch
[12:26] {patience} great, exercise in whatever form works :)
[12:27] {_xzap} JRCC near .50
[12:30] {_xzap} don't know why I didn't trade that
[12:32] {peterg} wht stops me from trading mostly is fear
[12:32] {peterg} trying to train self to act on probabilities
[12:33] {_xzap} DRYS losing whole number
[12:34] {_xzap} spot gols is $909, S&P is 971, will they cross ?
[12:34] {_xzap} gold
[12:44] {Threei} ADBE changes too fast to call it real time
[12:45] {Threei} try to obsderve it and get a feel for its pullbacks and bunces
[12:45] {Threei} works quite well for quick scalps
[12:45] {Threei} never chase it
[12:45] {Threei} buy on pullbacks deeper than you would think normal
[12:45] {Threei} offer into jumps back up
[12:52] {_xzap} # 1 losing sector, Life Insurance
[12:54] {_xzap} CSIQ trying to get above whole number
[12:56] {_xzap} FWLT running up
[12:59] {_xzap} man, people are selling into ANY little run
[13:00] {Threei} well... they are also buying any pullback
[13:00] {Threei} which keeps us in locked market for now
[13:00] {Threei} look ADBE
[13:00] {Threei} this is preview of things to come qwhen bull starts roaring
[13:01] {Threei} real moves instead of tiny scalps
[13:02] {_xzap} the NAS stocks I follow are down 50 - 70 %. When the bull comes it will back to 5 -10 point moves
[13:03] {magoo} forgot what its like vad
[13:03] {Threei} start remembering slowly
[13:04] {Threei} don't jump in with both feet yet of course
[13:05] {Threei} we will have a lot of time when it starts, it's not going to be a week or two
[13:06] {_xzap} MM's back from lunch it looks like
[13:08] {magoo} vad..u think close green?
[13:08] {Threei} very possible
[13:11] {Threei} if you watched ADBE closely, you'd take .67-.70 on this last pullback
[13:11] {_xzap} LIHR setting up for a pullback
[13:14] {Threei} 30 break is coming with market help
[13:14] {Threei} came
[13:15] {Threei} a bit too fast
[13:15] {Threei} anyone managed to grab it?
[13:18] {Threei} prime minister is in town... what am I doing here with you sleepyheads
[13:18] {_xzap} JRCC @ 16.01 ?
[13:19] {Threei} nah
[13:19] {Threei} spiked too vertical into resistance
[13:19] {Threei} if consolidates a little, then yes
[13:20] {laserdave1} magoo dcc please
[13:31] {Threei} even though we are still in red, do you feel how differently market feels and acts today?
[13:31] {magoo} feels like coiling vad
[13:32] {Threei} see how much more wilingly stocks go up now?
[13:33] {hawkfan4} definitely getting more interesting
[13:36] {Threei} pullbacks are really getting bought
[13:40] {Threei} FITCH CUTS ICELAND'S SOVEREIGN RATINGS
[13:43] {Threei} do you guys watch ADBE?
[13:43] {Threei} not necessary playing
[13:43] {Threei} but watching to see how it's goling to work everywhere very soon
[13:44] {Threei} hmmm
[13:44] {Threei} I guess I'll see you all in 6 months
[13:50] {GeoArb} 6 months?
[13:50] {Threei} yup
[13:51] {GeoArb} wgat did i miss?
[13:51] {Threei} wheh you sleepyheads will have missed first huge leg of bul market
[13:56] {_xzap} I see a lot of stocks making V bottoms today
[13:57] {_xzap} intra day, not long term
[13:57] {Threei} and each pullback is a mini-V
[13:58] {Chaeron} dang... missed SPWRA at 48.15
[13:58] {Chaeron} nice set up
[13:59] {Threei} very
[14:02] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/3159998/Russian-president-Dmitry-Medvedev-calls-for-Europe-to-freeze-out-US.html
[14:02] {GeoArb} pshaw
[14:02] {GeoArb} its not like they relate to him
[14:03] {GeoArb} vad my LII and charts are intermittent
[14:03] {GeoArb} server number?
[14:03] {Threei} 12
[14:04] {peterg} Love potion number 9
[14:04] {peterg} random assoiciation
[14:04] {GeoArb} umm i change all?
[14:05] {_xzap} WERN could run
[14:06] {Threei} not sure what you are asking geo
[14:06] {_xzap} Vad } buy WERN on pullback to 21
[14:08] {_xzap} or 20.69 area maybe ?
[14:09] {Threei} if marker pulls back, drags WERN there, then reverses
[14:09] {Threei} these things should be p[layed with general market
[14:09] {_xzap} I just fixed a mess of fried green tomatoes. Anyone else like 'em ?
[14:26] {Threei} let's sit out next 30 minutes
[14:26] {Threei} and see what last hor brings
[14:26] {Threei} everyone's happy with today so far?
[14:26] {magoo} yup
[14:26] {patience} that was an expensive run i went on
[14:26] {patience} good thing i kept the barrick options
[14:27] {Threei} "can do no wrong" day
[14:27] {Threei} direct opposite of yesterday
[14:27] {patience} totally, just a joy to trade....
[14:27] {Threei} and yesterday was my own fault completely
[14:27] {Threei} just allowed my opinion to override the read
[14:27] {magoo} yes it was {he he as magoo runs for cover}
[14:27] {Threei} happens to me once a year
06[14:27] * Threei slaps magoo around a bit with a large trout
[14:27] {Threei} run faster
[14:28] {Threei} now, last hour will be a bit tougher,
[14:28] {Threei} because market will try to sort olut what to do next
[14:29] {Threei} so we will see if there is something easy to read,
[14:29] {Threei} keep lot to half
[14:29] {Threei} and again,
[14:29] {Threei} memorize the way stocks acted today off pullbacks,
[14:29] {Threei} this is preview of things to come
[14:29] {Threei} when we stop scalping for 15 cents
[14:29] {peterg} jiggity
[14:30] {Threei} and hunt for much bigger moves,
[14:30] {Threei} partial out more vs taking full profit
[14:30] {Threei} letting them run in other words
[14:31] {Threei} have a look at RIMM
[14:31] {Threei} over 6 bucks run up
[14:31] {peterg} made most of yesterday back in it with little bites
[14:31] {Threei} 3 of them are obtainable on a single trade if we are in bull market mode
[14:34] {_xzap} GOLD rolling over
[14:36] {Threei} this is first pullback NQ over a few hours that penetrated lower band
[14:39] {peterg} Vad, talking about day or also overnight holds?
[14:43] {_xzap} JRCC short under 16.9 ?
[14:44] {Threei} with stop over 17.10
[14:47] {Threei} ECB'S KRANJEC: ADDITIONAL ACTION WILL BE EVALUATED IN TIME AS NECESSARY
[14:47] {Threei} I am telling you guys... they will throw any amount of money at this
[14:48] {Threei} and eventusally create so much money eager to jump in that bull market will be as insane as bear was
[14:48] {_xzap} i don't see where there's a choice any more Vad
[14:48] {magoo} cramer posts down day tomorrow with holiday, margin calls etc
[14:48] {Threei} cool... I am ready to buy then mags
[14:48] {Threei} guy's record is perfect
[14:49] {Threei} fade him and you are in the money 95% of the time
[14:49] {magoo} roflol tru dat
[14:49] {Threei} zap... lost me sorry
[14:49] {_xzap} in JRCC @ 16.9
[14:49] {_xzap} I don't think the gov. has any choice now
[14:50] {Threei} nope
[14:50] {Threei} they have to stop it at any cost
[14:50] {Threei} and they will
[14:50] {_xzap} fire up the presses
[14:50] {Threei} eqzaktly
[14:50] {Threei} inflate your way out of problem, damn the consequences 3 years later
[14:51] {_xzap} stopped out JRCC
[14:51] {Threei} broader picture wise, I really hope they'll use the breathing time they get to fix the root of problem
[14:51] {Threei} not really holding my breath for that
[14:51] {Threei} but still hope
[14:52] {Threei} if they don't, a few years down the road we will have even bigger problem
[14:52] {Threei} someone must show leadership and make tough choices
[14:53] {peterg} ok--just paid off mortgage on house....should I take out a new ?
[14:53] {peterg} to pay back in cheaper dollars
[14:53] {Threei} why limit yourelf to just one... :)
[14:53] {peterg} one, a second & a third!!!
[14:53] {Threei} on serious note, that won't work peter
[14:54] {peterg} am a fiscal conservative; have little debt
[14:54] {peterg} like it that way
[14:54] {Threei} what you make will lag behind the inflation
[14:54] {Threei} unless you make a killing in a stock market... but then, why take out mortgage at all
[14:55] {peterg} yep
[14:55] {Threei} one sign of bull market is still missing
[14:55] {Threei} we have everything in place:
[14:56] {Threei} huge drop, all talking heads on TV saying this is the end of the world,
[14:56] {Threei} doom and gloom everywhere
[14:56] {Threei} but one thing is missing:
[14:56] {Threei} Maria still hasn't said it's time to learn how to short and hasn't provided a list of stocks to short
[14:57] {hawkfan4} lol, so true
[14:57] {magoo} that WAS the bottom he he
[14:57] {Threei} yup... :)
[14:57] {Threei} that was what, about a week or two before my bottom call in 2003? :)
[14:58] {Threei} btw, not sure I posted it
[14:58] {Threei} http://www.realitytrader.com/blog/2008/10/information-price-divergence.html
[15:01] {magoo} vad..my usual question here
[15:01] {Threei} can't tell yet
[15:02] {hawkfan4} i bet if we close down maria will be putting that list together real soon
[15:04] {_xzap} is this struggle between bulls and bears a good sign of bottom ?
[15:04] {Threei} I don't see it in such terms
[15:04] {Threei} there is always a struggle between them
[15:05] {Threei} more than that, I am not even sure we have seen the bottom
[15:05] {Threei} one green day bull market does not maketh
[15:05] {_xzap} Oh, I'm sure were aren't at the bottom
[15:05] {Threei} botrtoming out is not an event
[15:05] {Threei} it's a process
[15:05] {Threei} we are working through it
[15:06] {Threei} bulls are slowly getting back in saddle
[15:06] {Threei} bears are overconfident,
[15:06] {Threei} they don't take any hit as more than a pinch yet
[15:07] {Threei} there is a lot of liquidation happens,
[15:07] {Threei} some forced
[15:07] {Threei} some out of panic
[15:07] {Threei} balance is slowly changing
[15:07] {_xzap} I still think we'll see 7500 on the Dow
[15:07] {Threei} and there is an awful lot of money waiting on a sideline, ready to pounce
[15:08] {magoo} oh oh cnbc
[15:08] {Threei} what?
[15:08] {Threei} "learn to short"?
[15:08] {_xzap} can you imagine just how much $$ is sitting and waiting
[15:08] {Threei} trillions
[15:08] {Threei} I am not kidding
[15:08] {_xzap} oh I totally agree
[15:09] {Threei} modest atimation would be 3-4 T
[15:09] {Threei} estimation
[15:10] {cosmo} tell them we're getting impatient
[15:10] {peterg} vad, are you lookikng for more than day trades, i.e. overnight and more?
[15:10] {Threei} you mean paulson speaking mags?
[15:10] {cosmo} me anyway
[15:10] {magoo} yup
[15:10] {Threei} only when the bull is firmly established peter
[15:10] {peterg} ok
[15:10] {Threei} we will see this kind of buying
[15:11] {Threei} totally reckless, like boiling water
[15:11] {Threei} grab anything in sight
[15:11] {Threei} any headline in news is a reason to buy
[15:11] {peterg} buying rampage!
[15:11] {Threei} no headline, buy anyway beforer news appear
[15:11] {Threei} 1999... 2003...
[15:11] {Threei} this kind
[15:11] {peterg} So exciting Im anxious again
[15:12] {Threei} any news and run up on some stock in a sector, everyone starts looking up other names and buy them
[15:12] {Threei} buying
[15:12] {Threei} so we see a lot of sympathy moves
[15:13] {_xzap} In anormal mkt it's normal to see stocks like JRCC, DRYS, FWLT, ENER to have 3 -6 points daily swings
[15:15] {Threei} lookie here
[15:15] {Threei} paulson speaking, and market doesn't drop
[15:15] {Threei} now for ultimate confirmation we need Bush on TV and market not dropping
[15:15] {Threei} and I will buy everything in sight
[15:16] {patience} he has told world markets g7 governmetns will just keep throwing money at the problem
[15:16] {Threei} yes
[15:16] {Threei} but lately any appearance of these guys sent market down screaming, lol
[15:16] {Threei} no matter what they saidf
[15:16] {patience} markets needs an excuse to announce the bottom
[15:17] {_xzap} who's gonna buy all these empty houses on the mkt ?
[15:17] {Threei} just stay away from financials when bull starts
[15:17] {Threei} that sector will be in troubles for quite a while
[15:17] {patience} 3rd quarter results start next week....hopefully up volume continues
[15:18] {Threei} mags... feels like most likely we will stay locked in narrow range
[15:18] {Threei} neither side has enough conviction to close today with any commitment
[15:18] {Threei} maybe slight bias toward up
[15:18] {Threei} but very slight
[15:19] {magoo} tech will be the bull mkt
[15:19] {Threei} one of leading, yes
[15:19] {Threei} not only
[15:19] {magoo} agg
[15:19] {Threei} bios will join a while
[15:20] {Threei} probably energy stocks
[15:20] {Threei} probably utilities
[15:21] {_xzap} alt. energy was in the bailout bill. Solars should do well
[15:22] {Threei} solars I would like to see showing they have it in them still
[15:22] {Threei} this is not an easy sector
[15:22] {cosmo} it needs high oil?
[15:22] {Threei} it was a pure beauty a year ago
[15:22] {_xzap} oil needs to be above 120's for the solars to do real good
[15:22] {Threei} remember when for a month or two almost al.l we played were solars?
[15:23] {Threei} CSIQ, SOLF, JASO, FSLR, CSUN, HOKU
[15:23] {_xzap} and ENER
[15:23] {cosmo} ...and now lunars
[15:23] {Threei} with oil prices dropping, it will take real conviction to continue developing them
[15:23] {_xzap} yep because we are so short sighted
[15:23] {Threei} it happened after oil crisis of 70s
[15:24] {Threei} when all the developemnts in al energy, cars etc were abandoned aftert oil drop
[15:24] {Threei} this time around it's not likely to repeat
[15:24] {Threei} scare was too big
[15:24] {_xzap} oil down = don't worry about it. Oil up = alt. sources, quick !
[15:24] {Threei} and environmental movement is much stronger
[15:25] {_xzap} WWJLD?
[15:25] {Threei} so, I believe in auto industry introduction of greener and morfe economic cars will continue
[15:25] {Threei} solars, gotta see it first
[15:25] {GeoArb} i would love solars in socal
[15:25] {cosmo} photosynthetic cars i say
[15:26] {_xzap} if the Baltic shipping rate ever goes back up, DRYS has about 100 point upside
[15:27] {Threei} it will, as economy starts recovering
[15:27] {_xzap} remember just before the Olympics all you heard was China can't get enough coal, etc
[15:29] {Threei} uhhu
[15:29] {Threei} and oil, ad steel
[15:29] {Threei} and I was predicting China collapse
[15:29] {Threei} and laughed at
[15:31] {Threei} then again... I receive daily e-mails telling me that girls luahg at me since I don't use any of pills enlargening some body parts... so I am used to it
[15:35] {_xzap} I remembere the day oil broke $100. It was later determined that 2 floor traders got together and agreed to make that trade
[15:35] {Threei} oil is under 100, and he still insists on 150 and 200
[15:35] {_xzap} sure, he wants to make a 2nd fortune in wind
[15:36] {cosmo} they're printing the money for that, right now
[15:36] {_xzap} the more Paulson talks, the ore the futures are sliding
[15:36] {Threei} no jump, no slide, really
[15:37] {Threei} narrow range
[15:38] {_xzap} at one time weren't there oil contracts going for 200 ?
[15:38] {Threei} I don't think we ever touched 150
[15:38] {Threei} 148 with change was absolute top
[15:39] {_xzap} the future contracts
[15:39] {Threei} VLO
[15:39] {Threei} MOODY'S RAISES RATING TO BAA2 FROM BAA3
[15:41] {_xzap} sell off coming
[15:41] {Threei} let's see if it gets picked up again
[15:42] {Threei} or bulls decided that was enough for the day
[15:42] {_xzap} I see a lot rolling over
[15:42] {Threei} ADBE will be interesting for bounce scalp near .50
[15:43] {Threei} looks like no ban extention, eh?
[15:43] {Threei} we get out shorts back tomorrow
[15:43] {GeoArb} isnt it expiring at night?
[15:44] {GeoArb} well probably know tomo morning
[15:44] {_xzap} sposed to expire tonight
[15:44] {peterg} expires midnight
[15:44] {peterg} 1159
[15:44] {GeoArb} hey peterg
[15:44] {GeoArb} you experimenting?
[15:44] {peterg} yah?
[15:44] {peterg} not yet--
[15:45] {GeoArb} k
[15:45] {peterg} too much change for oldster
[15:45] {peterg} gradually
[15:45] {GeoArb} heh
[15:45] {GeoArb} i am the baby in this room
[15:45] {Threei} what asre you guys experiewmenting with
[15:45] {GeoArb} 15
[15:45] {GeoArb} hotkeys
[15:45] {GeoArb} and marijuana
[15:45] {_xzap} ENER break down
[15:46] {Threei} (just make sure you keep within a framework of family room when answering)
[15:46] {GeoArb} i did
[15:46] {GeoArb} ewwww
[15:46] {peterg} vad, im interested in hotkeys, geo's good at it. But I need to learn
[15:46] {peterg} more basics about laser
[15:46] {Threei} cool
[15:46] {peterg} their video presumes knowledge I dont yet have
[15:47] {Threei} can you send me your list geo? I never found combination I'd be comfortable with
[15:47] {Threei} maybe yours will work for me
[15:47] {_xzap} i got the demo Laser loaded today
[15:47] {GeoArb} ok
[15:47] {peterg} just want to press b for buy, s for sell, something to change from limit to market
[15:47] {GeoArb} just for your info.... dave uses all function keys
[15:47] {Threei} zap, ask dave for samples of layouts for diff number ofmonitors
[15:47] {GeoArb} i use shift + key
[15:48] {_xzap} ok
[15:48] {GeoArb} yuo dont want to do that peterg as
[15:48] {_xzap} too late to shoet ENER ?
[15:48] {GeoArb} when you key in stock symbols youll start buying selling lol
[15:48] {peterg} function as in f1,2 f3 etc
[15:48] {GeoArb} yeah
[15:48] {peterg} got it
[15:48] {Threei} of course zap
[15:48] {_xzap} or watch for bounce off 38.5 ?
[15:48] {GeoArb} i like shift +
[15:48] {Threei} never chase into parabolic moves
[15:48] {GeoArb} lets call it cat/child protection
[15:48] {Threei} it's a bounce candidate now
[15:49] {peterg} ic
[15:49] {GeoArb} ill email you an export vad
[15:49] {Threei} was there news on it?
[15:49] {Threei} too sharp drop
[15:49] {Threei} tyu geo
[15:49] {_xzap} no news Vad
[15:50] {Threei} something's wrong
[15:50] {peterg} what?
[15:50] {Threei} 5 bucks dump in minutyes with no news?
[15:50] {_xzap} that's not unusual for ENER
[15:51] {_xzap} well, it's not in the AM
[15:52] {_xzap} watch it hit 38.5
[15:53] {_xzap} now bounce
[15:53] {Threei} nope
[15:54] {Threei} something's happening on it
[15:54] {peterg} yeah well it bounced me on my head
[15:55] {_xzap} lol peter
[15:55] {_xzap} big blocks going off now
[15:56] {_xzap} only news is from y'day and it was started at "buy"
[15:56] {dptl} have a good evening all:)
[15:56] {_xzap} see ya dp
[15:56] {GeoArb} sent
[15:56] {GeoArb} vad
[15:56] {Threei} ty
[15:57] {GeoArb} i only use 8 keys
[15:57] {Threei} it starts smelling like halt
[15:57] {GeoArb} bid buy closeout offer sell closeout.. cancel last cancell all
[15:57] {_xzap} i don't see any sup going back 5 days
[15:58] {peterg} heres bounce in last sixty seocnd?
[15:59] {peterg} not
[15:59] {peterg} I hate ENER, ruined my day. not my fault, but ener
[15:59] {GeoArb} really?
[15:59] {magoo} man..still closing down 200 plus
[16:00] {peterg} not a big deal down, but I had a nice dinner all paid for with wine and everything
[16:00] {Threei} supervolatile stock peter... why touch that on last minutes into weird selling
[16:00] {peterg} cz Im stupid??
[16:01] {peterg} remember the secret inner self that lusts for destruction.
[16:01] {Threei} yeah
[16:01] {peterg} must tame it and use to destory others, rightr?
[16:01] {Threei} I killed him
[16:01] {_xzap} now remember that in the am.. could be a good gap play
[16:01] {peterg} hah!
[16:01] {Threei} ii was him or me
[16:01] {peterg} what zap, ENER?
[16:01] {peterg} good pt.
[16:01] {_xzap} yep
[16:02] {Threei} Ok guys, thank you all
[16:02] {Threei} have a great evening
[16:02] {Threei} see you tomorrow
[16:02] {_xzap} you too Vad
[16:02] {patience} really excellent day vad, see you tomorrow
[16:02] {peterg} thks enjoy see you on the morrow
[16:02] {_xzap} ltr guys
[16:02] {Threei} :)
[16:02] {_xzap} and girls if they're any here
[16:02] {patience} moi
[16:02] {_xzap} :)

Oct 07 2008

Session Time: Tue Oct 07 00:00:00 2008

[08:11] {Threei} Good morning sleepless souls
[08:11] {Threei} look at FSLR to wake up immediately... works better tha coffee
[08:11] {hawkfan4} am i dreaming?
[08:11] {_xzap} Good morning Vad
[08:11] {Threei} apparently hawk
[08:11] {Threei} morning xzap
[08:12] {Threei} guys, just in case:
[08:12] {Threei} we have very strong winds here,
[08:12] {Threei} there was power interruption earlier, retsored just 1o min ago
[08:13] {Threei} if I disappear, you know why
[08:13] {_xzap} all the solars are gapping down today Vad
[08:13] {magoo} kjdslkhgrrhjs
[08:13] {Threei} mags :)
[08:13] {Threei} looks like they are led by FSLR
[08:13] {Threei} downgrade by GS
[08:14] {_xzap} I've got FSLR, ENER & SPWRA with big gap downs
[08:15] {magoo} man..20 poiunts
[08:16] {hawkfan4} futures just went wild, 15 pt swing in a minute
[08:16] {_xzap} Somebody likes BUCY this am
[08:18] {_xzap} DJ Energy Conversion Started At Buy By Wedbush Morgan }ENER
[08:20] {_xzap} Vad } I would love to be able to run your chat on a 3rd monitor but I need a Mac version to make it work. Is there one ?
[08:20] {Threei} I know people run it on Mac
[08:21] {Threei} no slightest idea how, closest I've ever been of Mac is about 15 ft
[08:21] {Threei} ask esemde or peter when they come in
[08:21] {_xzap} ok, will do
[08:22] {_xzap} looks like the futures are about to go negative
[08:25] {Threei} S&P just did
[08:29] {magoo} sigh..was bumped all this time
[08:29] {magoo} scanner too
[08:29] {Threei} I saw... your end
[08:30] {magoo} really..my side?
[08:30] {Threei} yes, we were up
[08:30] {magoo} great lol
[08:31] {magoo} dino leaves and sabatoges my connect to prevent his guilt feelingsof being a slacker
[08:31] {Threei} lol
[08:31] {magoo} news FSLR?
[08:31] {Threei} [08:13] {Threei} downgrade by GS
[08:32] {magoo} target?
[08:33] {Threei} just to Sell
[08:46] {cosmo} just another night on Bald Mountain...
[08:54] {Threei} cosmo... any insight into witchcraft usefulness in trading?
[08:54] {esemde} gm...
[08:54] {Threei} ese :)
[08:55] {cosmo} well... they prolly wont burn ya for it these days...
[08:56] {cosmo} i had to give it up when i got married tho
[08:59] {Threei} question is, did she?
[08:59] {cosmo} yeah... role reversal i guess
[09:00] {cosmo} no... she's jut getting good at it....
[09:00] {Threei} hehe
[09:00] {cosmo} just
[09:00] {Threei} *FED TO BUY US COMMERICAL PAPER THRU SPECIAL UNIT
[09:02] {cosmo} COIN on a roll
[09:03] {Threei} strange prints above 5
[09:04] {cosmo} preview of things to come?
[09:04] {Threei} can't tell...
[09:05] {Threei} financials liked this last news from fed
[09:07] {Threei} IRANIAN NEWS AGENCY REPORTS A US WARPLANE VIOLATED ITS AIRSPACE AND WAS FORCED TO LAND IN IRAN
[09:07] {cosmo} hmmm
[09:08] {cosmo} FFIV
[09:09] {cosmo} pre mkt high = 13.20
[09:09] {cosmo} 23.20
[09:12] {magoo} SIGHHHHHHHHHHHHHHH
[09:12] {Threei} yeah... your connection is, how do I put it mildly
[09:12] {peterg} morning
[09:12] {Threei} peter :)
[09:12] {peterg} question of mac usage: using bootcamp, switch to windows.
[09:13] {peterg} couldn't get things to work with parallels, the virtual pc, but had
[09:13] {peterg} success with bootcamp, xzap.
[09:13] {_xzap} not fam. with bootcamp
[09:13] {esemde} which of you hace a macbook pro and are running windows on it......how do you enable the wireless hardware for the windows side
[09:15] {magoo} weird..everything else up vad except room and iscan
[09:15] {magoo} so not my whole connection
[09:15] {esemde} ahhh peter it's you......can you log onto the net with the windows side
[09:15] {peterg} Bootcamp is the program in the latest version of the operating system that allows you to install windows and use it on restart
[09:15] {peterg} ese, yes you betcha
[09:15] {esemde} how did you do it....
[09:15] {_xzap} I have OS X
[09:15] {peterg} Dont know, it just has all the stuff there
[09:16] {peterg} finding signal, etc.
[09:16] {_xzap} not the latest version, is it tiger or leopard ?
[09:16] {peterg} leopard
[09:16] {peterg} big introduction about a uyear ago, I think
[09:16] {_xzap} then I have Tiger
[09:16] {peterg} the computer has to have this dual chip whose name I dont recall
[09:16] {peterg} the intel chip i think
[09:16] {peterg} the intel mac chip
[09:17] {peterg} dual core?
[09:17] {peterg} dual something
[09:17] {GeoArb} gm all
[09:17] {peterg} Geo!
[09:17] {Threei} geo :)
[09:17] {esemde} geo
[09:17] {Onix} Good morning pilgrims
[09:17] {_xzap} I run VMware on it now. So you're saying I need Bootcamp to run the mIRC on it ?
[09:18] {peterg} Not sure
[09:18] {peterg} maybe I can run miRC on mac; you say not?
[09:18] {_xzap} I can't
[09:18] {Threei} onix :)
[09:18] {peterg} VMware might support miRC; try it
[09:18] {peterg} Parallels did not support my Laser trading platform
[09:19] {_xzap} but then I can't push the mIRC window to my 3rd monitor
[09:19] {peterg} It did Fidelity Pro
[09:19] {peterg} Yes, its always something
[09:19] {peterg} I had a problem like that,
[09:20] {Threei} PENTAGON SAYS NOT AWARE OF ANY AIRCRAFT BEING FORCED TO LAND IN IRAN
[09:21] {_xzap} NASDAQ gap ups: GOLD,FFIV,JRCC,SSRI,CENX,CELG
[09:22] {Threei} NCC trying yesterday's resistance
[09:25] {Threei} eyeing DELL as market follower
[09:26] {dptl} good morning all
[09:26] {Threei} dp :)
[09:28] {_xzap} hi dp
[09:29] {dptl} morning :)
[09:29] {Threei} NCC shows more strength
[09:29] {Threei} watch for sharp selling at the open
[09:29] {Threei} it often happens on these little finnies
[09:29] {Threei} and almost invariably presents a good entry point
[09:29] {Threei} for immdiate bounce
[09:31] {cosmo} FFIV tests 23.20 soon ... i think
[09:32] {Threei} here it goes NCC
[09:32] {Threei} 2.60 - 2.70 area I'd guess
[09:32] {magoo} closer to .50?
[09:32] {Threei} usually they bounce off premarkett low
[09:33] {Threei} 2.60 in this case
[09:33] {_xzap} .52 is my pivot
[09:33] {Threei} got .62
[09:33] {magoo} in .64
[09:34] {hawkfan4} .65, still groggy i guess
[09:34] {Threei} lol
[09:34] {Threei} takes a bit too long... usually they jump right back
[09:35] {Threei} 2.59 stop
[09:36] {magoo} out .72
[09:36] {Threei} offering .85
[09:36] {Threei} risk is miniscule
[09:37] {magoo} back in
[09:37] {Threei} hmmm
[09:37] {magoo} scalpin reload
[09:37] {Threei} a bit weird method to play them :)
[09:38] {GeoArb} better than mine
[09:38] {magoo} hmmmmm
[09:38] {Threei} IRANIAN GOVT NOTES IT HAS NO INFORMATION ON REPORTS OF A US PLANE BEING FORCED TO LAND, IN CONTRAST TO PRIOR IRANIAN PRESS REPORTS
[09:38] {GeoArb} didnt put down coffee mug fast enuff
[09:38] {Threei} lol
[09:40] {esemde} now that was funny.....
[09:40] {magoo} we go down 800 points today and then finish green i gonna cut my wrists with a banana
[09:40] {Threei} Long Setup: JNPR 19 half lot
[09:41] {Threei} stop under .80
[09:43] {Threei} 1:1 was easy
[09:43] {magoo} out here TY
[09:43] {Threei} wehther you partialed or not, stop to under .90
[09:44] {magoo} full in...full out
[09:45] {Threei} NCC stop to .64
[09:45] {Threei} starts annoying me, don't want to lose a cent on it
[09:45] {magoo} big recovery FSLR
[09:46] {Threei} wild one
[09:46] {magoo} ya ya
06[09:46] * Threei slaps magoo around a bit with a large trout
[09:47] {magoo} :)
[09:47] {Threei} great... just when I started typing alert DELL long .73 it teleported to above .80
[09:48] {Threei} market downticks right now, don't go in DELL on price alone
[09:52] {Threei} Long Setup: DELL .71 if holding above .60
[09:54] {_xzap} watching FWLT for pivot at 28
[09:55] {magoo} dow red
[09:55] {Threei} NASDAQ too
[09:56] {GeoArb} stopped
[09:57] {Threei} let's wait out selling fit
[09:57] {GeoArb} :(
[09:57] {GeoArb} no one else too .71?
[09:57] {Onix} stopped in both NCC & DELL
[09:57] {Threei} JNPR?
[09:58] {_xzap} FWLT found sup
[09:58] {Onix} was too late for jnpr
[10:01] {_xzap} out FWLT + .70
[10:02] {esemde} nice one zap
[10:03] {_xzap} those gap reversals are so easy except when they aren't
[10:04] {_xzap} EGLE near pivot 9.80
[10:06] {_xzap} watching JNPR for 18.30
[10:09] {Onix} look at me now, says NCC!
[10:09] {Threei} no kidding
[10:11] {magoo} market still very news sensitive
[10:11] {magoo} pop on lil comm'l p[aper news there
[10:11] {magoo} wants to go up imo
[10:11] {magoo} but nervous
[10:11] {magoo} wants to explode up
[10:12] {magoo} chime in vad
[10:12] {Threei} nothing to say really
[10:12] {Threei} listless up and down
[10:13] {magoo} that does it.............................
06[10:13] * magoo slaps Threei around a bit with a large trout
[10:13] {GeoArb} someone tell me how to do that !!
[10:13] {GeoArb} my rightclick doesnt work in mirc
[10:13] {Threei} good
[10:13] {Threei} lol
06[10:14] * GeoArb slaps Threei around a bit with a large trout
[10:14] {GeoArb} hehhe figured it out....... context menu went to diff screen
[10:17] {_xzap} out EGLE + .20
[10:18] {Onix} gj
[10:18] {Threei} Long Setup: QCOM 41 break half lot
[10:18] {Threei} if stays above .75
[10:20] {Threei} invalidated
[10:22] {GeoArb} chop suey
[10:22] {_xzap} I'm still watching JNPR for 18.32
[10:24] {magoo} vad, any recent news GOOG?
[10:24] {Threei} nah
[10:24] {_xzap} FWLT still has strength
[10:24] {Threei} meaningless price target lowering today
[10:24] {magoo} to what 500 he he
[10:25] {Threei} 525
[10:27] {_xzap} Watching JRCC above 20.0
[10:29] {_xzap} Watching DRYS above .30
[10:29] {Threei} want to see last pullback, then breakout and rally
[10:30] {Threei} DELL will be a candidate if this scenarion materializes
[10:30] {Threei} .80 resistance to break
[10:30] {Threei} so far meaningful support is .60 but hopefully it forms closer one
[10:33] {Threei} NQ looks willing
[10:34] {Threei} break already DELL will ya?
[10:34] {GeoArb} wo i thought it did for a second
[10:34] {GeoArb} was i early?
[10:35] {Threei} no it did
[10:35] {GeoArb} thats it !!!
[10:35] {GeoArb} no more dell purchases at work
[10:36] {_xzap} # 1 sector now: Coal
[10:37] {GeoArb} so this guy killed himself and 5 members of his family in my neighbourhood this week
[10:37] {GeoArb} "finances"
[10:37] {_xzap} dang Geo !
[10:37] {_xzap} I'd move
[10:37] {GeoArb} ok 2 miles north of me
[10:37] {GeoArb} lol
[10:37] {_xzap} I
[10:37] {_xzap} I'd still move
[10:38] {GeoArb} in la then youd keep moving
[10:38] {_xzap} LOL
[10:38] {_xzap} Vad, does it look like a lot of res here?
[10:38] {GeoArb} sad part was his eldest kid was fullbright scholar to UCLA
[10:39] {GeoArb} younger kid honor studenst
[10:39] {GeoArb} killed em all
[10:39] {Threei} you mwean certain stock or market in general?
[10:39] {GeoArb} out of work financial advisor making wierd financial bets
[10:39] {_xzap} in general, all on my watch list are hitting res
[10:39] {Threei} zap?
[10:39] {Threei} ok
[10:39] {GeoArb} oops
[10:39] {Threei} IMO{
[10:40] {Threei} this is preparation for a rally,
[10:40] {Threei} shakeouts,
[10:40] {Threei} return to highs,
[10:40] {Threei} new shakouts,
[10:40] {dptl} ahh...got to go.....have a good rest of the day all:)
[10:40] {GeoArb} anyone else in dell?
[10:40] {Threei} no deep selloffs,
[10:40] {Threei} just market trying to get rid of as many as possible before going up
[10:40] {Threei} take care dp
[10:40] {magoo} bye dp:)
[10:41] {_xzap} see ya dp
[10:41] {Threei} Geo... why this constant need to know who else is in this or that?
[10:41] {Threei} do you feel like it validates or invalidates your entries? :)
[10:41] {GeoArb} just rying to see if i jumped the gun (again)
[10:41] {_xzap} watching JRCC for 20.21
[10:42] {_xzap} just tell me to shut up if I'm posting too many watchers Vad
[10:46] {Threei} why... we exchange ideas freely
[10:47] {_xzap} ok, I'm new here and still learning
[10:47] {_xzap} JRCC trying to break above R2
[10:47] {Threei} funny... yesterday with all the blood on the street was much easier to trade than today
[10:48] {_xzap} R2 = 2nd level of res
[10:48] {hawkfan4} herky jerky
[10:48] {_xzap} in JRCC
[10:49] {GeoArb} so what platform/tools are u using zap to calculate your pivots?
[10:50] {_xzap} I use QuoteTracker charts and E Signal scanners
[10:50] {GeoArb} esignal data feed?
[10:50] {_xzap} I just use the scanners, no the E Sig platform
[10:50] {GeoArb} for QT?
[10:50] {_xzap} TDA data feed
[10:50] {GeoArb} ok TY
[10:51] {GeoArb} do you use esignla sector scanner?
[10:51] {_xzap} the thing I like about QT is it will draw the pivots, sup and res for you
[10:51] {Onix} Until later, gotta go to work now
[10:52] {_xzap} see ay Onix
[10:52] {_xzap} I use the Power Scan pkg
[10:53] {GeoArb} ok thanks
[10:53] {_xzap} stopped out JRCC
[10:56] {_xzap} Geo } The Pre Market Scan is the most useful tool for me to find the gap ups/downs
[10:56] {Threei} so far, jerky and undecisive
[10:56] {GeoArb} ok
[10:57] {_xzap} then I load about 5 - 10 of them in QT and start scanning for those pivots
[10:58] {_xzap} I usualy have a monitor headache by 10 am *LOL*
[10:58] {GeoArb} stopped dell
[10:59] {GeoArb} :)
[11:00] {_xzap} DRYS possible short
[11:02] {Threei} UAUA bounce candidate
[11:03] {Threei} 6.15 trigger
[11:04] {Threei} with any market help should be good to 6.35 - 6.40
[11:05] {Threei} ED'S STERN: THE FINANCIAL MARKET SHOCK IS "UNPRECEDENTED"
[11:06] {_xzap} short DRYS
[11:12] {magoo} in vad .13
[11:12] {Threei} ok NQ, enough games
[11:12] {Threei} move already
[11:13] {GeoArb} stop .05?
[11:13] {Threei} for hardcore scalpers yes; for bigger move, under 6
[11:15] {Threei} volume is so low, it just has to be a shakeout
[11:19] {_xzap} covered DRYS +.10 getting really choppy
[11:20] {_xzap} short DRYS again
[11:23] {Threei} sigh
[11:23] {Threei} no tgrade is going to work today at all?
[11:23] {GeoArb} ok done for the day.... reached my daily loss limit
[11:24] {peterg} Bummer, Geo
[11:24] {GeoArb} no more dell laptops for anyone
[11:24] {Threei} or flights on United?
[11:24] {GeoArb} no using dell on united
[11:24] {GeoArb} much better
[11:24] {Threei} makes sense
[11:25] {GeoArb} its all vads fault
[11:25] {Threei} yup
[11:25] {GeoArb} he kept score yesterday
[11:25] {GeoArb} jinxed
[11:25] {GeoArb} lol
[11:25] {Threei} no you did
[11:25] {Threei} I just asked
[11:25] {GeoArb} you asked !!
[11:26] {Threei} OK... now rally starts
[11:26] {Threei} I get it... market just wanted geo out
[11:27] {hawkfan4} lol
[11:27] {_xzap} covered DRYS - .15, that was a stupid trade
[11:28] {_xzap} Geo } I also run a scan at night in Advanced Analyzer for NASDAQ stocks with vol }1M, average true range } $2
[11:28] {Threei} back in both
[11:28] {Threei} UAUA and DELL
[11:28] {Threei} stops are under day low
[11:29] {Threei} ECB'S TRICHET: THE FINANCIAL CRISIS TOUCHES AT THE HEART OF THE WORLD FINANCIAL SYSTEM
[11:29] {GeoArb} entries vad?
[11:29] {Threei} ehich is endless money printing and debt?
[11:30] {Threei} you reached your loss limit?
[11:30] {Threei} keep your discipline
[11:30] {GeoArb} wow being punished for being curious
[11:30] {Threei} it's there for a reason
[11:30] {GeoArb} sigh... ok tiny shares
[11:31] {Threei} 3?
[11:31] {GeoArb} 200
[11:32] {hawkfan4} almost everytime i ignore my loss limits i end doubling my loss for the day
[11:33] {GeoArb} i do have a hard loss limit on laser for that
[11:33] {GeoArb} it has saved my bacon before
[11:34] {hawkfan4} not with laser yet, so i have to super glue my hands to my desk
[11:34] {GeoArb} hehehe
[11:34] {hawkfan4} makes lunch really interesting
[11:34] {Threei} OK market, let it be last shake for today... it's getting tiresome
[11:34] {GeoArb} i bet
[11:36] {Threei} break that .60 already DELL
[11:36] {GeoArb} UAUA IS A DOG
[11:37] {Threei} {United} geo, you are banned from our flights
[11:37] {Threei} WHITE HOUSE: BUSH HAS SPOKEN WITH EUROPEAN LEADERS ABOUT MARKET STABILITY
[11:37] {Threei} and they decided market is unstable?
[11:37] {GeoArb} comon vad be nice
[11:37] {Threei} lol
[11:37] {GeoArb} he was elected by us
[11:38] {GeoArb} :)
[11:38] {GeoArb} i dunno if we realize this but he has singlehandedly dismantled the regan era forever
[11:39] {Threei} dog it is
[11:39] {GeoArb} i stand by
[11:39] {GeoArb} lol
[11:39] {GeoArb} my comment
[11:40] {_xzap} EGLE back at pivot of 9.8 with vol
[11:41] {_xzap} Peter } Just checked with the developer of mIRC, no Mac version
[11:41] {GeoArb} use parallels xzap
[11:41] {Threei} market really takes a breather today
[11:42] {Threei} no commitment either way
[11:42] {_xzap} don't know what that is Geo
[11:42] {_xzap} I am computer dumb
[11:43] {GeoArb} also i believe trillian has a mac version and connects to irc
[11:43] {GeoArb} not done it myself though
[11:44] {GeoArb} http://www.parallels.com/
[11:44] {_xzap} thx
[11:45] {Threei} OK... is it time finally?
[11:45] {_xzap} OH, I already run VM Ware. I need a Mac version so I can push it to another monitor
[11:46] {Chaeron} good morning all
[11:46] {GeoArb} check out trillain then
[11:46] {Threei} chaeron :)
[11:46] {GeoArb} hey chaeron
[11:46] {Chaeron} any$ left?
[11:46] {GeoArb} its one of the days i envy you being late
[11:46] {Threei} chaeron... got good news for you
[11:46] {Threei} less than stellar day so far, so you haven't missed anything
[11:49] {_xzap} out EGLE + .20
[11:49] {Chaeron} well, is it going to get better? :) nice one Zap
[11:49] {_xzap} thx Chaeron
[11:50] {Threei} we'll see
[11:50] {GeoArb} i hate days like these
[11:50] {Threei} yep, meaningless jerkiness
[11:50] {GeoArb} we loose first half..... i go to work... vad makes it back and more
[11:50] {GeoArb} and i miss that part
[11:50] {GeoArb} :)
[11:51] {Threei} happened too...
[11:51] {_xzap} I was hoping for a BIG selloff today
[11:51] {Threei} nah, that was yesterday
[11:52] {Threei} may come tomorrow
[11:52] {_xzap} but it didn't close down 800, that would have helped
[11:52] {Threei} but today - only if some disgusting news comes
[11:53] {Threei} actually, if it did close down 800, we would have second round of selling this morning
[11:53] {GeoArb} off to work... see you all
[11:53] {_xzap} and that would be a good thing
[11:53] {_xzap} see ya Geo
[11:53] {Threei} sure
[11:53] {Threei} recovery would come fast and furious
[11:53] {_xzap} that's what I wanted to see Vad, close down 800 y'day and a BIG sell of today
[11:54] {Threei} yeah... yesterday big bounce precluded that scenario
[11:54] {Threei} and got us in today's uncertainty
[11:54] {Threei} it shouldn't last longer than a day though
[11:54] {Threei} tomorrow will have a direction
[11:55] {_xzap} I want to see the Dow test 7500
[11:56] {Threei} volume is ridiculously low today
[11:56] {_xzap} I think trading is done til 3 PM
[11:57] {_xzap} GOLD possible short
[11:57] {_xzap} GOLD in 35.77
[11:58] {_xzap} stopped
[12:05] {Threei} NVDA
[12:05] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[12:05] {Threei} - Intel again rumored as potential acquirer
[12:06] {_xzap} see ya'll after lunch
[12:08] {Threei} nothing to do for now but stay in waiting mode
[12:13] {hawkfan4} $12.50 is the rumored price for NVDA fwiw
[12:13] {GeoArb} when you say volume... what do you monitor vad?
[12:13] {Threei} ECB'S TRICHET: GLOBAL IMBALANCES MAY BE CONNCTED TO FINANCIAL CRISIS, US AND CHINA SHOULD NOT BE 'SCAPEGOATS'
[12:13] {Threei} NQ
[12:13] {GeoArb} TY
[12:19] {Threei} can't get rid of feeling DELL should be easy to 15 and UAUA to 6.5
[12:19] {Threei} and don't want to get trapped again
[12:20] {Threei} same way as yesterday, it feels that once real power returns to play, market will be ramped up
[12:20] {Threei} maybe let's do it this way:
[12:21] {Threei} if market starts showing atronger upticks, take half lots for longer hold, not for scalps
[12:21] {Threei} for now it's just aimless wandering, no sense in trying to play it
[12:49] {Threei} jeez
[12:50] {Threei} lost power again
[12:50] {Threei} am I here?
[12:50] {GeoArb} y
[12:50] {peterg} y
[12:50] {Threei} new lows I see
[12:51] {GeoArb} [09:26] {GeoArb} down?
[12:52] {Threei} 12:26] * Disconnected
[12:52] {Threei} lol
[12:52] {Threei} PREVIEW: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK ABOUT THE ECONOMY AT 1:15PM ET
[12:56] {Threei} is it margin calls selling today...
[12:56] {Threei} quite possible
[12:56] {magoo} i was talkin to dino about that yesterday
[12:56] {Threei} I'd guess a lot of those went out yesterday
[12:57] {magoo} must get out vad
[12:57] {_xzap} FWLT coming up on pivot again
[12:57] {Threei} yup, forced selling
[12:57] {Threei} unless they send in more money
[12:57] {Threei} which in this atmosphere is not very likely for many
[12:59] {Threei} missed UAUA near 5
[12:59] {Threei} DELL, going to try .15
[13:01] {Threei} TKTM
[13:01] {Threei} ANNOUNCES AGREEMENT WITH YAHOO TO OFFER TICKETS TO LIVE EVENTS
[13:02] {Threei} pos
[13:02] {_xzap} FWLT out + .41
[13:02] {GeoArb} ?
[13:02] {Threei} good one zap
[13:02] {_xzap} thx
[13:03] {_xzap} the pivots are holding today
[13:04] {Threei} if this is not rally time, I don't know when is
[13:04] {Chaeron} MOAB?
[13:05] {_xzap} let's see if WYNN holds 60.77
[13:05] {Threei} can you believe NVDA price?
[13:05] {GeoArb} whars moab?
[13:05] {_xzap} I can't believe a lot of these prices
[13:05] {Threei} lol... mother of all bottoms
[13:05] {Chaeron} Mother Of All Bottoms
[13:06] {Threei} my call in 2003
[13:06] {GeoArb} heheh ok
[13:06] {Chaeron} to the mionute
[13:06] {Chaeron} minute
[13:06] {Threei} started years of bull market
[13:06] {Chaeron} freakin' perfect
[13:06] {_xzap} WYNN holding S1
[13:08] {Threei} FED'S BERNANKE: ALL TOOLS WILL BE UTILIZED TO HELP STABILITY, WILL CONSIDER WHETHER CURRENT MONETARY POLICY IS APPROPRIATE
[13:08] {Threei} for a change, market likes what he says
[13:10] {GeoArb} out half dell 1:1
[13:10] {Threei} - Remarks that commodity prices show extraordinary volatility, inflation outlook has improved somewhat
[13:10] {Threei} - Notes that market turmoil and weak data will exhibit US growth outlook worsening, and downside risks are increasing
[13:12] {GeoArb} out dell
[13:12] {Threei} I am holding half still
[13:12] {_xzap} WYNN out + .86
[13:12] {GeoArb} a bit skittish
[13:12] {Threei} undestandably
[13:13] {Threei} I just don't see today's selling as anything of consequence, to say honestly
[13:15] {_xzap} watching DRYS to break the .20
[13:16] {GeoArb} your stop 14 vad?
[13:17] {magoo} your conditioned vad...350 down yesterday..200 dtoday..no big deal??a
[13:17] {Threei} yes... but I think more likely I'l buy my half back
[13:17] {GeoArb} meaning youll add on pullback?
[13:18] {Threei} sold half at 1:1
[13:18] {Threei} want to buy it back on pullback
[13:18] {GeoArb} yes add to current left position
[13:18] {GeoArb} same page
[13:20] {_xzap} FWLT near pivot again
[13:20] {Threei} - Fed will begin using reserve interest powers this week.
[13:21] {Threei} not sure what it means in practice
[13:21] {GeoArb} rate cut?
[13:21] {Threei} doesn't sound like it
[13:22] {Threei} new wave of selling
[13:22] {Threei} closed DELL for now
[13:22] {_xzap} TRIN up , TICK down
[13:23] {_xzap} it never fails when Uncle Ben starts talking
[13:23] {Threei} will rather re-enter if market shows strength
[13:23] {_xzap} I'm seeing lots of red
[13:23] {Threei} caught UAUA this time around
[13:24] {_xzap} FWLT holding sup
[13:24] {Threei} MS
[13:24] {Threei} HEARING VAGUE CHATTER THAT WEAKNESS ATTRIBUTED TO MITSUBISHI MULLING PULL OUT OF PURCHASE DEAL
[13:25] {hawkfan4} maybe Nissan will be interested
[13:25] {Threei} lol
[13:26] {hawkfan4} it's a mad mad world
[13:26] {Threei} sure is
[13:26] {Threei} a few months from now we won't vbelieve today's prices were available, IMO
[13:27] {GeoArb} mitsubishi is a keiretsu
[13:27] {Threei} out UAUA +whole 7 cents
[13:27] {GeoArb} cars is a miniscule part of what they do
[13:29] {GeoArb} 6th largest japanese auto only but biggest bank of japan
[13:29] {Threei} back in DELL, .99 stop
[13:30] {Threei} can I have my UAUA back?
[13:30] {GeoArb} now i can never travel without thinking of this day
[13:31] {Threei} or open Dell laptop
[13:31] {GeoArb} dont use em.... toshiba only
[13:31] {Threei} FED'S BERNAKE: INFLATION AT CURRENT ARE 'UGLY' - Q&A
[13:32] {GeoArb} dji -250 aprx
[13:36] {Threei} nothing in terms of recent volatility, lol
[13:37] {Threei} half out DELL .15
[13:38] {_xzap} NVDA 7.54
[13:39] {Threei} took UAUA on .30 break earlier... sheesh, I thought I posted, now I see I haven't
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} sorry :(
[13:40] {Threei} half out here, offering second half 5.80
[13:40] {_xzap} big blocks going off on NVDA
[13:41] {Threei} as frustrayting as today may be, it hasn't changed my longer term outlook
[13:41] {Threei} rather confirmed it with this non-existing volume
[13:41] {Threei} a lot of quality companies at firesale prices will be picked up, accumlated and marked up
[13:42] {_xzap} NVDA out even
[13:43] {_xzap} I know better than to trade with the TRIN this high
[13:44] {_xzap} Vad } do you still just use B. bands as your indicators ?
[13:44] {Threei} I have them on screen
[13:44] {Threei} don't use as indicators
[13:45] {_xzap} k
[13:45] {Threei} rather for general evaluation of volatility and where the stock is in terms of it
[13:45] {Threei} PREVIEW: MINUTES OF THE SEPT 16 FOMC MEETING TO BE RELEASED AT 2PMET
[13:45] {Threei} - at the Sept meeting, the FOMC left rates on hold at 2.00% in a unanimous vote and stated:
[13:45] {Threei} - financial market strains have increased significantly.
[13:45] {Threei} - will act as needed to promote stability, inflation to moderate this year and next.
[13:45] {Threei} - Growth has slowed recently due to slowing household spending
[13:45] {Threei} - Upside risks to inflation are a concern, substantial easing of policy and liquidity measures should promote moderate growth.
[13:45] {Threei} - Turmoil likely to weigh on growth for next few quarters.
[13:46] {_xzap} If AA misses big today maybe we'll get that big sell off tomorrow
[13:46] {Threei} my feel is,
[13:46] {_xzap} FWLY still hugging that 28 sup
[13:47] {_xzap} FWLT
[13:47] {Threei} if that happens, we will start seeing market fragmentation
[13:47] {Threei} not everything will go down with market
[13:47] {Threei} some sectors and companies will hang in there
[13:48] {_xzap} ENER break down
[13:48] {Threei} this is getting ridiculous, people sell as if world ends tomorrow and they need all the money to buy champagne and caviar today
[13:51] {Threei} UK) UK GOVT WILL ANNOUNCE RESCUE PACKAGE FOR BANKING SYSTEM - BBC
[13:51] {Chaeron} too late... all UK money went to Ireland
[13:52] {_xzap} ENER out + .85
[13:52] {Threei} Plan will involve plans to inject capital and provide for a standby facility
[13:54] {Threei} this is pretty much what market wanted, Europe starting the same rescue packages
[13:54] {_xzap} NAS approaching y'day's low
[13:55] {Threei} trying to bounce
[13:56] {_xzap} FWLT losing sup
[14:00] {_xzap} FWLT out + .25
[14:00] {Threei} *MINUTES OF THE SEPT 16 FOMC MEETING: POLICY MAERS LEANING TOWARDS RATE CUT, SAW DIMISHED RISKS TO INFLATION
[14:02] {Threei} back in both
[14:03] {Threei} stops under day low
[14:11] {Threei} move you lazy bastards!
[14:12] {GeoArb} getting fixated on these 2 vad?
[14:12] {Threei} see anything better?
[14:13] {Threei} they cleasrly follow the market, and they are ridiculously low
[14:13] {hawkfan4} note to Bush and Bernake and company. If you want to save the market, stay off tthe t.v.
[14:13] {Threei} lol, so true
[14:14] {hawkfan4} hmmm, what just happened?
[14:15] {Threei} MS
[14:15] {Threei} COMMENTS ON MITSUBISHI, SAYS DEAL IS STILL ON
[14:15] {Threei} this
[14:15] {hawkfan4} just in the nick of time
[14:15] {Threei} come on UAUA
[14:15] {Threei} give me more
[14:17] {Threei} CNBC'S FABER: MITSUBISHI DEAL IS ON TRACK TO CLOSE THIS WEEKEND
[14:17] {_xzap} EGLE turning up
[14:18] {_xzap} going at the ask w/vol
[14:18] {Threei} half out UAUA .33
[14:19] {Threei} +.28
[14:19] {Threei} half out DELL .25
[14:19] {Threei} +.20
[14:19] {_xzap} wtg Vad
[14:20] {Threei} if second half of each works for the same leg up, I'll get back to flat for the day
[14:20] {_xzap} EGLE early entry at 9.32
[14:21] {GeoArb} and obviously i missed it
[14:21] {_xzap} out 9.50
[14:21] {_xzap} I got scared
[14:21] {_xzap} LOL
[14:23] {_xzap} FWLT early entry 28.21
[14:25] {_xzap} stopped 28.06
[14:28] {_xzap} some butthead on CNBC just said "we need to find a way to keep computer traders out of the market so real investors can get in"
[14:28] {GeoArb} you mean investors with phones?
[14:28] {Threei} you are kidding
[14:28] {peterg} hack him
[14:28] {_xzap} nope, some guest they just had on
[14:28] {Threei} from circus?
[14:28] {Threei} from mental institution?
[14:29] {hawkfan4} lol
[14:29] {Threei} I'd really like him to explain how "computer traders" dopn't let investor in
[14:30] {Threei} I for one never met investor to whom I wouldn't happily sold my shares
[14:30] {_xzap} they were talking about the uptick rule
[14:30] {_xzap} FWLT trying to go again
[14:31] {_xzap} FWLT in28.4
[14:31] {Threei} (UK) UK'S FIN MIN DARLING: STATEMENT TO BE MADE BEFORE MARKET OPEN FOR BANK SUPPORT PLAN
[14:31] {Threei} move my little darlings, move
[14:31] {Threei} big darling from London says you move
[14:32] {_xzap} stopped 28.15
[14:32] {Threei} mags... did I miss something? where is dino?
[14:33] {GeoArb} dino on golf vacation
[14:33] {Threei} was I offline when he said that?
[14:33] {GeoArb} i think so
[14:33] {Threei} I see
[14:33] {GeoArb} one of many caadian outages
[14:33] {peterg} in North Carolina
[14:33] {GeoArb} CANADIAN
[14:33] {peterg} outrages
[14:34] {Threei} lol
[14:36] {_xzap} who's in NC?
[14:37] {peterg} regular by name of dino
[14:37] {_xzap} cool, me too
[14:37] {_xzap} Winston Salem
[14:37] {peterg} ahhh-hes on vacation near myrtle beach, playing golf
[14:38] {peterg} Cool- went to Chapel Hill back in the day
[14:38] {_xzap} I went to MB once, hated it
[14:38] {_xzap} not to golf, just to go
[14:38] {peterg} near outer banks, or different?
[14:38] {_xzap} Did you ever get drunk on Franklin st?
[14:38] {peterg} too long ago; probably
[14:39] {_xzap} MB is below the outer banks in SC
[14:40] {peterg} now remembering: franklin st the main drag
[14:43] {Threei} CNBC'S FABER: HEARING PRICE OF OFFERING LIKELY TO BE BELOW THE $25 LEVEL, MAY CLOSE ORDER BOOK BEFORE 4PMET
[14:43] {Threei} that was for BAC
[14:43] {GeoArb} wot offering?
[14:43] {GeoArb} thanks
[14:45] {_xzap} yep Peter
[14:45] {_xzap} FWLT holding 28 all day, should run if we get a 3:15 rally
[14:53] {Threei} last hour should be very telling
[14:53] {Threei} if we get a strong ramp up, rally is all but certain
[14:53] {patience} do you think a rate cut is coming vad?
[14:53] {Threei} I hope not
[14:53] {Threei} IMO, that would be a mistake
[14:54] {patience} well, so do i, but nonetheless, is this what the market is waiting for
[14:55] {Threei} remember last month? market seemed to be confident about rate cut and did sell off briefly after none was announced
[14:55] {Threei} then forgot about it in a minute
[14:55] {Threei} I suspect same thing will happen this time
[15:01] {Threei} AUG CONSUMER CREDIT: $-7.9B V $5BE, FIRST DROP SINCE 1998
[15:01] {Threei} - prior revised from $4.6B to $5.2B
[15:12] {Threei} ok market grow a set, will ya?
[15:12] {hawkfan4} no kidding
[15:13] {Threei} unbelievably spineless behavior
[15:13] {patience} market is female vad.....try another approach
[15:13] {Threei} it is?
[15:13] {patience} it is to me
[15:13] {Threei} hmmm... I give up then... I'll never understand irt
[15:14] {hawkfan4} lol, me either :)
[15:18] {Threei} there
[15:18] {Threei} try and understand it
[15:35] {_xzap} If they Dow closes below 9750 the next sup I see is 7500
[15:39] {Threei} closing looks baaaad
[15:40] {patience} we are not happy campers it appears
[15:41] {Threei} not yet
[15:41] {Threei} but will be soon enough
[15:44] {_xzap} PENN possible short, near day's low
[15:44] {Threei} lol, you would think DELL is going out of business
[15:45] {Onix} no short covering today?
[15:46] {Threei} rather pure unbridled margin call selling
[15:46] {GeoArb} how do you diffrentiate vaD?
[15:46] {Threei} not directly
[15:46] {Threei} just something that happens always after huge drops
[15:47] {GeoArb} below yesterday's low on ES now
[15:48] {_xzap} COMP breaking y'day low
[15:48] {Threei} yup
[15:49] {Threei} OK... rally in canceled for today and moved to after tomorrow
[15:50] {Threei} Due to recent budget cuts, lack of funding facilities and the rising cost of energy, the light at the end of the tunnel has been turned off
[15:51] {cosmo} ...but not the train
[15:53] {_xzap} I'd say the train is coming, full speed ahead
[15:53] {Threei} I doubt it
[15:53] {cosmo} that's probably why they truned the light off
[15:53] {_xzap} you think we're reaching the bottom Vad ?
[15:54] {Threei} I beileve it's either in or very close
[15:54] {peterg} eschatologically we are reaching the bottom
[15:54] {patience} i will second peter if he buys me a beer
[15:54] {peterg} done!
[15:54] {patience} excellent!
[15:55] {peterg} thats how many I owe you; maybe beers & cocktails
[15:55] {patience} i love this room :))))
[15:55] {peterg} vad, when I joing the superpremium club, can I get an ink color all my own?
[15:56] {Threei} you can have whole rainbow
[15:56] {peterg} different color for each leteter, randomly sorted
[15:56] {GeoArb} hmmm
[15:56] {Threei} OK guys, not a plesant day
[15:56] {GeoArb} didnt know that was possible
[15:57] {GeoArb} yeah red and hurting
[15:57] {cosmo} rescue us
[15:57] {Threei} but then again,. who promised every day to be pleasant
[15:57] {peterg} i kept giving money to rimm
[15:57] {GeoArb} tomorrow is another day
[15:57] {GeoArb} giving money to rimm lol
[15:57] {peterg} sniff
[15:57] {GeoArb} sorry
[15:57] {Onix} we will try again tomorrow
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {peterg} bye all
[15:58] {cosmo} rimm was nevver the same after the tire spin off
[15:58] {_xzap} see ya peter
[15:58] {peterg} lol
[15:58] {peterg} bye za[
[15:58] {peterg} ap
[15:59] {Chaeron} someone help me out? What is the DJI down right now? 505?
[15:59] {Threei} 517
[15:59] {Chaeron} thanks
[15:59] {Threei} 525
[15:59] {Threei} 520
[15:59] {Chaeron} I'm good... thought I was lagged
[15:59] {Chaeron} many thanks Vad
[16:00] {_xzap} It's 4 PM on Wall St. Do you know where your money is ?
[16:00] {cosmo} in the pub
[16:01] {Threei} (EU) EU COMMISSION SAYS THAT IT HAS BEEN INFORMED BY UK OF RESCUE PLAN FOR BANKS TO BE ANNOUNCED TODAY

Oct 06 2008

Session Time: Mon Oct 06 00:00:00 2008
[07:36] {_xzap} test
[08:15] {Threei} THE FED IS REPORTEDLY MEETING WITH THE CME AND ICE TO DISCUSS ESTABLISHING A NEW CDS EXCHANGE - CNBC
[08:16] {Threei} *FED BOOSTING TAF LIQUIDITY AUCTIONS TO $150B EACH
[08:29] {Threei} FT REPORTS THAT THE PRICE OF FANNIE MAE AND FREDDIE MAC'S BONDS MAY DECLINE AT TODAY'S AUCTION TO SETTLE UP TO $500B OF CREDIT-DEFAULT SWAPS WRITTEN ON THE GSES
[08:29] {Threei} - The recovery value of the Fannie notes are expected to be 85%-90% and 87%-92% for Freddie's debt.
[08:29] {Threei} - The auction may lead to sellers of the CDS paying out $75B to settle the contracts.
[08:29] {Threei} ACCORDING TO A FT ARTICLE COORDINATED RATE CUTS BY CENTRAL BANKS ARE POSSIBLE; NOTES THAT AN EMERGENCY FED RATE CUT IS POSSIBLE, WHICH COULD BE IN COORDINATION WITH OTHER CENTRAL BANKS
[08:31] {Threei} APWR
[08:31] {Threei} RECEIVES CONTRACT FOR 50 2.7MW WIND TURBINES WITH CHINA NATIONAL AUTOMATION CONTROL SYSTEM CORP.
[08:33] {Threei} DNDN
[08:33] {Threei} INTERIM DATA FROM PHASE 3 PROVENGE IMPACT TRIAL DEMONSTRATE 22% REDUCTION IN THE RISK OF DEATH
[08:33] {Threei} - At the final analysis, which is anticipated in the middle of 2009, if the study demonstrates approximately a 22 percent reduction in the risk of death, based on 304 events, the company would expect the study to meet its primary endpoint of overall survival.
[08:36] {magoo} morning
[08:37] {Threei} Good morning
[08:41] {_xzap} Good morning Threei
[08:41] {Threei} morning xzap
[08:42] {_xzap} My fist day here and I look forward to watching how things go here :) Thank ya'll for having me !
[08:42] {Threei} welcome to the jungle
[08:49] {Threei} TREASURY DEPT : WORKING WITH MARKET PARTICIPANTS AND REGULATORS GLOBALLY
[08:49] {Threei} - Plans to move quickly on new authority granted by passing of TARP
[08:57] {Onix} Good morning all the brave people
[08:57] {Threei} onix :)
[08:58] {Threei} oil is under 90
[08:59] {patience} what was my bet with you if oil hit 80? I never took it seriously....sigh
[08:59] {patience} good morning rt
[09:00] {Threei} does it mean that I can claim any prize I want? :)
[09:00] {Threei} good morning patience
[09:00] {patience} hum de dum...let me think through this
[09:00] {patience} need coffee first :)
[09:01] {esemde} morning.......coffee with a hypodermic needle please
[09:01] {Threei} ese :)
[09:01] {Threei} my true forecast for myself is much lower than 80 actually... I just didn't want to be considered insane so stopped at 80
[09:01] {Threei} and btw it didn't help, I was considered insane anyway
[09:02] {Threei} DELL under 15
[09:02] {Threei} some sertious bargains start shaping up
[09:03] {Threei} RIMM under 60 - had tyou ever thought you'd see this?
[09:03] {esemde} nope!
[09:04] {Threei} NVDA solidly under 9
[09:04] {Threei} sheesh
[09:05] {esemde} thinkinga bout buying more.......
[09:05] {Threei} what's your cost basis now?
[09:05] {esemde} stupidity can only last for so long
[09:06] {esemde} 11.40
[09:06] {patience} cramer this morning: i'm not buying, because prices are going lower. I bought last thursday, 95% cash committed now.
[09:06] {Threei} hmmm
[09:06] {patience} will cash in gold short term trades this morning
[09:06] {Threei} his record in calling major market turns is dismall
[09:09] {_xzap} my gap down scanners are showing a lot of good stocks that have been cut by 50% or more
[09:09] {magoo} in july cramer put up article that we had seen the bottom
[09:09] {magoo} vad, whats your take on today?humor me..i know u wait and see..but hey...where u think we headed?
[09:09] {Threei} we are closer and closer to market turn
[09:10] {Threei} I would expect first serious ramp up sometime today
[09:10] {GeoArb} gm
[09:10] {Threei} not an ultimate turn most likely, but first attempts of it
[09:10] {Threei} Geo :)
[09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[09:11] {Threei} those would be sold.
[09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[09:11] {Threei} then I'd expect very strong rally in second half of the day.
[09:12] {Threei} On a broader time frame, when major rally starts,
[09:12] {patience} i'm guessing fed rate cut this week....must be the last one to say it though :)
[09:12] {Threei} I want to start switching out of scalp mode
[09:12] {Threei} because when that rally comes, serious money is to be made
[09:13] {Threei} WB forming C&H on 1 min
[09:14] {Threei} 6.11 resistance... as much as premarket charts can be trusted
[09:14] {magoo} vad, u/we had good read on friday reaction..\
[09:15] {Threei} let's try not to bee too early on initiating longs
[09:15] {Threei} stay patient, premature attempts will do nothing but harm
[09:16] {Threei} but when real reverse comes, you will be happy you kept your powder dry
[09:16] {magoo} vad, if we do get decent reversal, lets keep eye on usualsRIMM, AAPL
[09:16] {Threei} those, yes,
[09:16] {Threei} plus DELL, NVDA
[09:16] {Threei} maybe solars although this sector is not very clear
[09:17] {GeoArb} hey vad I updated to 5.3.332 and cant login anymore :( any ideas?
[09:17] {Threei} how long have you waited?
[09:17] {Threei} first login takes longer than usual after update
[09:17] {GeoArb} till it gives me the error dialog box
[09:17] {Threei} hmmm
[09:17] {GeoArb} saying password is case sensitive
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} call dave Geo
[09:18] {Threei} oh btw, got e-mail from bruce
[09:18] {Threei} hello to everyone
[09:18] {Threei} and this observation:
[09:19] {Threei} If you had purchased $1,000 of shares in Delta Airlines one year ago, you
[09:19] {Threei} will have $49.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in AIG one year ago, you will have
[09:19] {Threei} $33.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in Lehman Brothers one year ago, you
[09:19] {Threei} will have $0.00 today.
[09:19] {Threei}
[09:19] {Threei} But, if you had purchased $1,000 worth of beer one year ago, drank all the
[09:19] {Threei} beer, then turned in the aluminum cans for recycling refund, you will have
[09:19] {Threei} received a $214.00.
[09:19] {Threei}
[09:19] {Threei} Based on the above, the best current investment plan is to drink heavily &
[09:19] {Threei} recycle. In the States it's called the 401-Keg.
[09:19] {magoo} sigh..took 2 cups coffee to realize my milk is spouiled
[09:19] {GeoArb} ewwww
[09:19] {peterg} morning all--feeling smart for the moment, in cash since summer
[09:20] {peterg} wont take long to feel stupid
[09:20] {dptl} good morning all
[09:21] {Threei} peter, dp :)
[09:22] {peterg} So as fear deepens, wish for miraculous rescue increases.
[09:23] {peterg} don't be the first on the hope train, because its the one going over the cliff
[09:23] {GeoArb} got voicemail left message
[09:25] {Threei} WB invalidate break
[09:25] {dino} ehpelumps and woozles day
[09:26] {Threei} again guys
[09:26] {Threei} stay patient
[09:26] {Threei} good trades to be had later on
[09:26] {dino} welcome xzap
[09:26] {Threei} but for now, let tyhe panic play out
[09:26] {dino} remember rule #1
[09:27] {peterg} yah?
[09:27] {dino} you must stay in the game
[09:27] {cosmo} if i'm gonna stay a patient, i'll need to switch providers...
[09:28] {peterg} lol
[09:28] {dino} find your edge, manage the risk, be consistant, and....keep it simple
[09:28] {Threei} and don;'t be a hero
[09:29] {peterg} you are speaking to the founder of mouse investments, where we snatch a bite and run away to playh another day
[09:29] {dino} that, imo, is a goos way to be today
[09:30] {cosmo} that beats 'catch a falling knife and save it for a rainny day
[09:30] {Threei} WB sharp drop
[09:30] {dino} good
[09:30] {Threei} look at DELL jump
[09:31] {Threei} some bargian hunting starts
[09:31] {GeoArb} I am in.... call tech supp they made me change port number for new build
[09:31] {dino} big gap down
[09:32] {Threei} VIX VOLATILITY MOVES TO 49.38, SURPASSING THE LEVEL OF 49.35 HIT POST-9/11/2001
[09:32] {Threei} Long Setup: DELL .21 if stays above .10
[09:32] {Threei} 1:1 easy
[09:33] {Threei} 1:3 for a multisecond, lol
[09:33] {GeoArb} all out
[09:34] {Threei} easy money, to warm up fingers
[09:34] {GeoArb} i think i was too excited i got in just in time :)
[09:34] {Threei} lol
[09:34] {peterg} +.06 tks
[09:34] {peterg} in late
[09:35] {Threei} don't chase them for now peter
[09:35] {GeoArb} enttry peter?
[09:35] {peterg} roger
[09:35] {peterg} .27
[09:35] {Threei} when we are in rally mode, entry errors are generally easily forgiven
[09:35] {Threei} in this volatility it can be very costly
[09:39] {Threei} CITI MAY CONSIDER BID FOR ENTIRETY OF WACHOVIA OPERATIONS - CNBC
[09:39] {Threei} {C WFC}
[09:43] {Threei} KFN sharp selloff
[09:44] {dino} rating cut
[09:45] {peterg} C
[09:46] {Threei} (EU) ITALIAN PM BERLUSCONI: EU LEADERS WILL DO WHATEVER IS NEEDED TO MAINTAIN FINANCIAL STABILITY, MEASURES DISCUSSED INCLUDED CENTRAL BANK LIQUIDITY INJECTIONS AND MEASURES FOCUSED ON INDIVIDUAL BANKS
[09:46] {Threei} - The EU is ready to support markets via central bank liquidity injections.
[09:46] {Threei} - EU member countries will take actions that ensure citizens do not lose any savings
[09:46] {cosmo} OSIP tests at 40
[09:46] {cosmo} fwiw
[09:48] {Threei} Long Setup: DELL half lot as close to 15 as possible, with stop under 14.80
[09:50] {Threei} if goes over 15.10, trail to 14.90
[09:50] {Onix} missed first round, now in @ .21 DELL
[09:51] {Threei} .21?
[09:51] {Onix} i mean 15.01
[09:51] {Threei} oh, OK
[09:51] {Threei} scared the bejezus out of me :)
[09:51] {Onix} :)
[09:51] {magoo} 03 here
[09:51] {Threei} takes too long... let's trail to under .90
[09:51] {Threei} don't like the resistance here, let's control risk tighter
[09:52] {Onix} ok
[09:54] {magoo} no mkt help
[09:54] {Threei} no, more selling hits
[09:54] {peterg} mouse left flat dell
[09:54] {GeoArb} ??
[09:54] {peterg} even
[09:54] {peterg} money
[09:55] {Threei} DNDN lost its mind
[09:55] {Threei} I smell broken trades
[09:55] {Threei} no worky DELL
[09:55] {magoo} out
[09:55] {Onix} stopped DELL
[09:56] {peterg} c pullback
[09:56] {peterg} maybe
[09:56] {magoo} 300 down here
[09:56] {Threei} Dow?
[09:57] {Threei} 320
[09:58] {Threei} 6 ;oints till 10K
[09:58] {Threei} points
[09:59] {_xzap} AAPL is finding sup around 92
[09:59] {magoo} careful
[09:59] {dino} lows held so far dji
[09:59] {dino} opps, cx that
[10:01] {dino} fwiw, watching ddm, qld, t, fcx
[10:04] {patience} tsx -601
[10:04] {Threei} *DJIA TRADES BELOW 10,000 FOR THE FIRST TIME SINCE OCT 2004
[10:05] {Threei} RMBS
[10:05] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR THE SAMSUNG APPEAL IN PATENT FIGHT
[10:06] {Threei} TIVO
[10:06] {Threei} SUPREME COURT WILL NOT HEAR APPEAL IN DISH-ECHOSTAR CASE
[10:06] {dino} fslr sm v sm l .7.30
[10:07] {Threei} supreme court just doesn't want tyo hear anything these days, eh?
[10:07] {Threei} told ya:
[10:07] {Threei} BSX
[10:07] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR APPEAL AGAINST JNJ IN STENT CASE
[10:08] {dino} therefore, i am not listening to them
[10:16] {Threei} selling isn't done yet
[10:18] {Threei} getting ready to start trying RIMM
[10:19] {dino} whoosh coming
[10:19] {magoo} 407 down
[10:19] {Threei} yes
[10:22] {Threei} OK first try RIMM, .75
[10:22] {Threei} with sop under .50
[10:22] {GeoArb} vad whats the symbol ofr s&p index in laser?
[10:22] {Threei} small shares
[10:23] {Threei} "/sp8z"
[10:23] {Threei} without "
[10:23] {GeoArb} the index not the future
[10:23] {Threei} 1:1 RIMM
[10:23] {GeoArb} beauty
[10:24] {Onix} ty Vad, got .44 in RIMM
[10:24] {dino} t l .48, stop lod
[10:24] {Threei} wtg onix
[10:25] {GeoArb} nice onix
[10:25] {GeoArb} .35 here
[10:25] {Onix} ty
[10:25] {dino} gj onix
[10:25] {patience} time to go for a run, tsx now down -845
[10:26] {Threei} whoa
[10:27] {GeoArb} tried $INX $SPX nope
[10:28] {dino} t stopped -.18
[10:30] {dino} -9% sincewed close
[10:30] {dino} sm qld l .80
[10:31] {peterg} beginning to understand revenge trading; going to quit while ahead
[10:31] {peterg} its when you are determined the stock will give back to you
[10:31] {peterg} no matter if it kills you
[10:31] {dino} it sucks pete
[10:31] {peterg} right
[10:33] {Threei} pukage all over
[10:33] {Threei} UAUA, bounce scalp should be close
[10:34] {Threei} 6.71 forst try if stays above 6.60
[10:34] {Threei} first
[10:34] {Threei} be ready for a few attempts on any of the bounces
[10:34] {Threei} if not, stay away
[10:35] {Threei} view it as catching babies thrown out with bathwater
[10:35] {GeoArb} heh
[10:35] {Threei} some of them are slippery
[10:36] {peterg} ill say
[10:36] {Threei} UAUA 1:1, scalpers take profit, the rest half out and try to ride it to 7
[10:38] {Threei} IRAQI OIL MINISTER: OPEC MEMBERS ARE WORRIED ABOUT THE RECENT DECLINES IN CRUDE PRICES
[10:38] {Threei} they weren't worried about rises, were they
[10:38] {GeoArb} they were
[10:38] {GeoArb} as people would slow down
[10:38] {Threei} then I feel for them
[10:38] {Threei} worry on the way up, worry on the way down
[10:38] {Threei} guys just can't catch a break
[10:39] {GeoArb} they dont want it to be too expensive
[10:39] {GeoArb} just enuff so that we pay forever
[10:39] {GeoArb} al out
[10:39] {Threei} 1:2 UAUA
[10:40] {Threei} easy money
[10:40] {Threei} and here is my 7
[10:40] {Threei} full out
[10:40] {GeoArb} beauty vad
[10:41] {Threei} now, find anyone who finds you easy money on a day like today
06[10:41] * Threei has dislocated his shoulder trying to pat himself on the back
[10:42] {GeoArb} lol
[10:42] {GeoArb} comeon guys
[10:42] {GeoArb} give him sonething !!!
[10:42] {dino} relentless
[10:42] {GeoArb} wooooo
[10:43] {peterg} waaaaaaaaaaaaay to go!!!!!!!!!!!!!!!!
[10:43] {Threei} ah what's the use
[10:43] {GeoArb} wow 540 points already and its one hour
[10:43] {Threei} the only thing I regret is not buying some QID and holding for a few hours
[10:43] {peterg} (Greedily) Find more!!
[10:43] {peterg} I tried to buy, and laser offered me choices how to configure screen
[10:43] {Threei} watching DELL
[10:43] {magoo} 600 DOWN
[10:44] {esemde} Dow dn 550....WOW!!!!!
[10:44] {esemde} major selloff vad just like you said
[10:44] {Threei} around the globe
[10:44] {dino} at 500+ pts/day, by end of month we'll be at zero
[10:44] {Threei} exchanges getting halteds
[10:45] {esemde} and DOW under 10 000
[10:45] {Threei} Russia, Brasil
[10:45] {esemde} wow!!!!!
[10:45] {Threei} this is historic stuff in the making guys
[10:45] {GeoArb} strapping on the depends right now.......
[10:45] {peterg} Short selling banned forever worldwide
[10:46] {GeoArb} and swearing
[10:46] {Threei} (BR) BOVESPA HALTED FOR SECOND TIME TODAY, OFF 15% TO 37,814
[10:47] {Threei} VIX 56
[10:47] {Threei} I've never seen it before
[10:47] {Threei} missed DELL bounce
[10:47] {GeoArb} now thats news vad as youre old as dirt
[10:48] {Threei} so we are what, 3 for 4?
[10:48] {Threei} me happy so far
06[10:49] * Threei slaps Chaeron around a bit with a large trout
[10:49] {Chaeron} good morning to you too
[10:49] {Threei} we are making money hand over fist here, where are you wandering?
[10:50] {Chaeron} taking care of son
[10:50] {Chaeron} oh well... it's not over is it?
[10:50] {dino} ice sm l .85
[10:51] {Threei} it is chaeron... it is all over...
[10:51] {GeoArb} sheesh
[10:51] {GeoArb} vads in a good mood
[10:51] {Threei} hehe
[10:51] {Chaeron} naaaaa... we still have 9800 points to go :)
[10:51] {Threei} oh
[10:51] {Threei} true
[10:51] {Threei} just not today please
[10:51] {Threei} I can't handle that much excitement in one day
[10:52] {Threei} as geo duly noted, I am getting too old for this
[10:52] {GeoArb} hehehe
[10:52] {GeoArb} i didnt say too old
[10:52] {GeoArb} just old as dirt
[10:52] {dino} ice stopped
[10:52] {Chaeron} yeah... I bet he's no spring chicken either
[10:52] {dino} sheesh
[10:52] {GeoArb} hey i might be the youngest one here
[10:53] {GeoArb} "might"
[10:53] {Chaeron} that's not saying much
[10:53] {GeoArb} lolol
[10:53] {Threei} US PRES SPOKESPERSON NOTES THAT THE TREASURY WILL ACT WITH RESCUE PLAN QUICKLY
[10:53] {Threei} - could take 4 weeks to begin auctions
[10:54] {Threei} game plan:
[10:54] {Threei} we have seen already some solid bottoms followed by bounces:
[10:54] {Threei} look at RMBS, DELL, RIMM, UAUA
[10:54] {Threei} now,
[10:55] {Threei} I don't want to chase any of them here,
[10:55] {Threei} let's wait for pullbacks,
[10:55] {Threei} and let's see if there are no new lows.
[10:55] {Threei} If not, rally will be stron and long enough to find our plays
[10:55] {GeoArb} man am i glad i called tech supprt and got in today
[10:56] {GeoArb} would have missed the money vad was throwing around
[10:56] {Threei} so, patience is still the key word
[10:56] {Threei} even though she went for a run
[10:57] {Threei} [10:25] {patience} time to go for a run, tsx now down -845
[11:02] {Threei} TSX was down 1100 points earlier
[11:05] {dino} rally
[11:06] {Threei} ARCA is out streetwide, make sure you use ISLD
[11:07] {Threei} RIMM long .21
[11:07] {Threei} stop under 55
[11:08] {Threei} half out 1:1
[11:08] {GeoArb} man i took a sip of coffee and missed it :(
[11:09] {Threei} target 56 for the balance
[11:10] {Threei} cloe enough for ya?
[11:11] {peterg} thks vad; made moneyh
[11:11] {Threei} hard not to
[11:12] {Threei} money's being thrown up in the air
[11:12] {GeoArb} even i made money... 200 shares as chased alittle
[11:12] {Threei} raise your hand and pick'em up
[11:12] {Threei} REPORTEDLY CITIGROUP HAS NO BUY WACHOVIA ASSETS WITHOUT SOME KIND OF GOVERNMENT GUARANTEE - UNCONFIRMED REPORT
[11:12] {Threei} {C}
[11:13] {Threei} general market read at this point:
[11:13] {Threei} leg down is coming
[11:14] {Threei} not likely to make new lows, alothough I wouldn't bet a farm on it
[11:14] {Threei} Long Setup: QID small shares .50 break
[11:14] {Threei} stop under .30
[11:17] {Threei} no worky
[11:17] {dino} out qld .40, +.60
[11:18] {Threei} Long Setup: DELL .81 if stays above .70
[11:22] {Threei} Attention: DELL 1:1 half out for me, scalpers know what to do
[11:23] {GeoArb} way to go with the alerts vad
[11:23] {peterg} thks
[11:24] {Threei} what do we have, 5 for 7?
[11:24] {Threei} who is running the tally
[11:24] {GeoArb} y
[11:25] {Threei} stop for DELL balance is under .80 of course
[11:25] {GeoArb} Pall out
[11:25] {Threei} DELL 1:2 is coming
[11:26] {GeoArb} .18 thanks vad
[11:26] {Threei} welcome sir
[11:26] {Threei} Long Setup: UAUA 7.01 if stays above 6.90
[11:26] {Threei} 1:1 is here on DELL
[11:27] {Chaeron} in DELL 14.82 out at 15.00 +.18... thanks Vad
[11:28] {Threei} welcome :)
[11:28] {Threei} isn't it funny that the only atttempt of short did not work today
[11:29] {GeoArb} we are patriotic
[11:29] {Threei} well, admittedly I was too hesitant in the early morning
[11:30] {Threei} but heck, we are nicely in the money while whole world is hurting like hell
[11:31] {Threei} REP FRANK: PLANS TO ASK THE FED TO REGULATE THE ACTIVITIES OF HEDGE FUNDS
[11:31] {Threei} what the...
[11:32] {peterg} lot of resistance at 7 uaua
[11:32] {Threei} yup
[11:32] {Threei} no aggressive entries
[11:32] {Threei} doesn't retreat much with NQ
[11:32] {GeoArb} waat?
[11:34] {Threei} not interested in DELL on this pullback for now
[11:35] {_xzap} MNST
[11:36] {Threei} market fairly unclear here, easy trades are done for now
[11:36] {Threei} let's wait it out a little,
[11:36] {Threei} see what's next in the store
[11:37] {Threei} MNST looks tempting... just k,ind of hard to bring oneself to buy breakouts today
[11:37] {dino} jst sm l .82 wide
[11:38] {Threei} UAUA invalidated for now
[11:41] {Threei} getting tempted to short NVDA on .80 breakdown
[11:42] {Threei} .91 stop
[11:42] {Threei} just a scalp
[11:42] {Threei} DNDN is crazy
[11:43] {esemde} Does anyone have a good idea re the percent of a float thats short will cntribute to a major short squeeze
[11:43] {esemde} for any stock......5% 9% 10% ???
[11:43] {Threei} you mean where to find it?
[11:43] {Threei} oh... nah, there is no guideline
[11:43] {esemde} no.......just % of float short
[11:44] {esemde} NVDA is 9.84% short one of the biggest ones....if it ever turns around it will be big
[11:45] {esemde} how do you keep kicking the crap out of a company that basically has no debt.....and billions in cash hanging around for R&D
[11:45] {Threei} doesn't matter ese... it just goes with market at this point
[11:46] {esemde} true
[11:46] {esemde} or should i say indeed
[11:46] {Threei} indeed you should
[11:47] {dino} fed started paying interest on reserves it holds from others today. the printing presses are wide open
[11:47] {Threei} let's trail NVDA stop to .86
[11:47] {Threei} want to keep risk tighter than usual today
[11:49] {Threei} 1:1 is coming
[11:49] {Threei} make up your mind, scalp or partial
[11:49] {Threei} here is 1:1 NVDA
[11:50] {Threei} if taking half, trail stop to .81
[11:50] {Threei} for the balance that is
[11:50] {Threei} and we are 8 for 10
[11:50] {Threei} or 7 for 9?
[11:51] {Chaeron} whatever... let's go for 18:20
[11:51] {Threei} who is running the books??
[11:53] {Threei} PRESIDENT BUSH: IT WILL TAKE SOME TIME TO FREE UP CREDIT UNDER THE FINANCIAL RESCUE PLAN, THE PLAN WAS A BIG STEP FOR ADDRESSING THE PROBLEM
[11:54] {Threei} really?
[11:54] {GeoArb} made some stupid maistakes but all was forgiven with vad's odds
[11:54] {Threei} weren't we told that was urgent measure, do it NOW to stop the bleeding?
[11:54] {GeoArb} on another note I have become a hotkey stud
[11:54] {GeoArb} any newer newbie needs advice page me
[11:54] {_xzap} Vad } In today's mkt, how many shares are you buying ?
[11:55] {dino} yes 3i, and we were also told it was the evil shorts
[11:55] {esemde} geo baby!!!!!hot key stud
[11:55] {GeoArb} hehehe
[11:55] {GeoArb} key is superflous
[11:55] {peterg} keep talking geo, im listening, or dcc?
[11:55] {Threei} xzap, I usually posat "half lot" or small shares"... if there is no comment it's usual lot
[11:56] {GeoArb} nah dcc as dont want to clutter too much
[11:56] {_xzap} ok, thx
[11:56] {Threei} what lot constitutes for each trader depends on one's risk tolerance and account size
[11:56] {Threei} my usual is 1000
[11:56] {_xzap} Thanks Vad
[11:56] {Threei} sure
[11:57] {Threei} now Mr Evans makes me think,,, give me his salary and bonuses, I can do better:
[11:57] {Threei} FED'S EVANS: FED MUST ALWAYS REEVALUATE POLICY WITH TWIN MANDATES, SEEING RISKS OF PERSISTENT HIGH INFLATION
[11:57] {Threei} - Notes that the repricing of debt will affect a large range of financial institutions, slack in economy stronger than expected
[11:57] {Threei} - Remarks that continued weakness in housing is large 'drag' upon economy
[11:57] {Threei} - US Economy will be slow to 2009, very uncertain when recovery will come
[11:57] {Threei} slack in economy stronger than expected?
[11:57] {Threei} by whome?
[11:58] {Threei} sigh
[11:58] {Threei} useless talking heads
[11:58] {Threei} anyone is still holding NVDA short or I can stop watching it?
[11:59] {_xzap} MNST trying to break the .70
[11:59] {Threei} it's 10 cents from there xzap
[11:59] {Threei} you sure your quotes are right?
[12:00] {_xzap} yes, I was late on the k'board
[12:00] {Threei} .59 . .61 right now
[12:00] {Threei} ah OK
[12:01] {Threei} TREASURY'S RYAN: LIQUIDITY PROBLEMS ARE AT THE HEART OF THE CURRENT CRISIS, CONFIDENT THE US WILL EMERGE FROM THE CRISIS WITH STRONGER MARKETS
[12:01] {Threei} {XLF}
[12:01] {_xzap} ABFS
[12:01] {Threei} of course it will if you all get out of the way and stop trying to fix unfixable
[12:06] {dino} indeed
[12:09] {Threei} WB HALTED, NEWS PENDING
[12:11] {_xzap} NVDA setting up for long ?
[12:11] {Threei} I'd stay away for now
[12:12] {Threei} no clean setup, and it looks more like random movements at this point
[12:12] {_xzap} k
[12:12] {Threei} you saw all our trades up to this moment
[12:12] {_xzap} yep
[12:12] {Threei} only cleanest of setups,
[12:12] {Threei} lowest risk possible
[12:13] {Threei} not gicving any slack today
[12:13] {_xzap} yes, I see that.. this is a tough mkt
[12:14] {Threei} not necessary tough if you stay very disciplined and patient,
[12:14] {Threei} but it's unforgiving,
[12:14] {Threei} and with emotions running that hihg, price of mistake can be high
[12:14] {_xzap} I'm thinking maybe we need this selloff to shake things out and start to build a base
[12:14] {Threei} I agre
[12:14] {Threei} or agree
[12:14] {Threei} or both
[12:15] {Threei} as I said in the morning,
[12:15] {Threei} I believe we are in the process of form the bottom for a big rally
[12:15] {Threei} and this selloff is part of this process
[12:16] {Threei} and when I say big rally, I don't mean intraday one
[12:16] {Threei} I mean real one
[12:16] {Threei} full blow bull market
[12:16] {Threei} blown
[12:16] {Threei} just stay patient and keep powder dry
[12:17] {_xzap} can you believe DRYS @ 24
[12:17] {Threei} there will be plenty of fish to shoot when it comes
[12:17] {Threei} oh there are a lot of prices hard to believe
[12:17] {Threei} many of them are babies thrown out with bathwater
[12:18] {_xzap} here comes The Decider
[12:18] {Threei} uh oh
[12:18] {Threei} Bush on TV
[12:18] {hawkfan4} gird your loins
[12:19] {Threei} lol
[12:19] {GeoArb} cant
[12:19] {GeoArb} the depends keep getting in the way
[12:20] {Threei} REPORTEDLY WELLS FARGO STILL WANTS TO ACQUIRE ALL OF WACHOVIA'S OPERATIONS
[12:20] {hawkfan4} lol
[12:20] {GeoArb} ok guys off to work good day 3i
[12:21] {GeoArb} bye
[12:21] {Threei} take care geo
[12:22] {dino} later geo
[12:23] {Threei} PERSING'S ACKMAN: NOTES HE IS AMONG AIG'S TOP 12 INVESTORS
[12:23] {Threei} how is it of any significance?
[12:24] {dino} and is he smart, buying now, or dumb buying 40 pts ago
[12:24] {Threei} lol
[12:27] {Threei} market flatlined
[12:29] {Threei} PERSHING'S ACKMAN: MADE A SMALL INVESTMENT IN AIG RECENTLY, NOW AMONG AIG'S TOP 12 HOLDERS - CONF COMMENTS
[12:29] {Threei} - AIG has very attractive assets.
[12:29] {Threei} - On a pro forma basis, Wachovia is worth $7.29-19.59 a share.{WB}
[12:29] {Threei} huh?
[12:29] {Threei} lol
[12:30] {Threei} oil under 90 again
[12:31] {Threei} "this sucker is going down"
[12:34] {dino} so when oil drops does govt complain about speculators
[12:34] {dino} :)
[12:35] {_xzap} short ABFS ?
[12:37] {Threei} with stop above .65, maybe
[12:38] {_xzap} possibly
[12:38] {Threei} into this bounce
[12:38] {Threei} on a first sign of weakness
[12:39] {Threei} market is downticking
[12:39] {Threei} and keep it small, stock is volatile
[12:39] {Threei} oh boy
[12:40] {Threei} Lehman CEO says:
[12:40] {Threei} nobody including me expected the problem with mmortgages
[12:40] {Threei} huh??
[12:40] {_xzap} Somebody will go to prison over this mess
[12:41] {Threei} I hope
[12:42] {magoo} vad, rimm is cominhg up error code on short attempt now
[12:42] {dino} a bunch of them should. no different than enron, wcom etc
[12:42] {dino} tyco
[12:42] {Chaeron} and govt officials? :)
[12:42] {magoo} not avail??
[12:42] {dino} lied about nont needing funds, etc, then wiped you out
[12:42] {Threei} wow
[12:43] {Threei} did they add RIMM to the ban list?
[12:43] {dino} barney frank should go to jail, fre, fnm will do anything i tell them
[12:43] {Chaeron} #&$#@
[12:43] {magoo} dunno..but can sh aapl..dso not my system
[12:43] {Threei} TREASURY'S RYAN: GOVT IS EXAMINING ISSUES SURROUNDING LOANS AND MORTGAGES, LOOKING AT A VARIETY OF APPROACHES TO MAKING TARP WORK
[12:43] {Threei} - Wants to get TARP up and running as soon as possible.
[12:43] {esemde} see ya tomorow.....
[12:44] {Threei} let me get this straight... they railroaded TARP through the house, now they are looking into ways to make it work?
[12:44] {Threei} take care ese
[12:44] {Chaeron} bye ese
[12:44] {dino} cya es
[12:45] {_xzap} watching ABFS to break below .40
[12:46] {Threei} VVUS
[12:46] {Threei} ANNOUNCES THE WEIGHT LOSS EFFECTS OF QNEXA IN TYPE 2 DIABETES
[12:48] {Threei} LEH CEO is getting drilled on salary, bnuses and stock sales
[12:49] {Threei} guy took hope 480 mil since 2007
[12:49] {Threei} home
[12:49] {_xzap} he looks like he needs water bad Vad
[12:49] {_xzap} or oxygen
[12:49] {Threei} I'd say what he needs in my opinion
[12:50] {Threei} but this is family oriented room
[12:50] {_xzap} lol
[12:52] {Threei} guys defense:
[12:52] {Threei} numbers are no accurate, it's rather like over 300 mil
[12:54] {Threei} oh boy... are you guys watching this?
[12:55] {dino} un be liev able
[12:55] {_xzap} he seems to be somewhat sedated
[12:55] {dino} better watch for snipers
[12:55] {Threei} I feel like I am in the land that lies beyond the looking glass
[12:56] {_xzap} MNST rolling over
[12:56] {Threei} yeah, this is not a market for buying breakouts
[13:00] {_xzap} short EXPD ?
[13:01] {Threei} near 31, yeah
[13:01] {Threei} stop is above 31.10 - .15
[13:03] {Threei} REPORTEDLY TREASURY SEC PAULSON IS TALKING WITH FED CHAIRMAN BERNANKE AND FED'S GEITHNER TODAY, "WORKING THE PHONE" TO SPEAK WITH MARKET PARTICIPANTS - UNCONFIRMED REPORT
[13:03] {Threei} just what do they talk about with "market participants"
[13:03] {patience} how much more do you need?
[13:04] {dptl} lol
[13:04] {Threei} why don't they call me then... I have exact number is mind
[13:04] {patience} don't make it millions then, they won't help, you have to ask for billions
[13:04] {Threei} yup
[13:06] {_xzap} this is crazy. Normal technical trading techniques are out the window
[13:08] {dino} cmt channel interesting today
[13:10] {dino} xzap, yes, for about a month
[13:11] {Threei} FED'S FISHER: NOW IS NOT THE TIME TO PANIC WITH REGARDS TO FINANCIAL MARKETS
[13:11] {Threei} I think we can rely on Fisher to tell us when it's time to panic?
[13:11] {Chaeron} he's right... we should have panicked months ago
[13:12] {dino} well, translated he means you should have panic sold at end of aug.
[13:12] {GeoArb} :)
[13:12] {dino} lol chaer
[13:12] {GeoArb} well i did move my 401k to treasures a few months ago
[13:12] {GeoArb} dunno if it was smart
[13:12] {GeoArb} more kneejerk
[13:13] {_xzap} Dino } My charts look like a bad EKG
[13:13] {dino} lol
[13:13] {Threei} means they work well
[13:13] {Threei} 'cause that's exaclty what we have in the markets these days
[13:14] {_xzap} I can usual trade on an EMA cross but that won't work now
[13:14] {Threei} if you see good EKG, your charts are off
[13:14] {GeoArb} i wonder if short ban expiration will affect market
[13:14] {Threei} yes
[13:14] {_xzap} my trend lines look like a 5 year old with a crayon
[13:16] {_xzap} ZION setting up for short ?
[13:16] {Threei} I don't think you can short it
[13:16] {Threei} financial
[13:16] {_xzap} true, I forgot
[13:20] {Threei} amazing, all activity has died
[13:21] {patience} options are moving
[13:21] {Threei} which way?
[13:21] {patience} i'm scalping POT april 100 calls, they have been moving up
[13:21] {patience} could reverse easily
[13:21] {GeoArb} what platform for options patience
[13:22] {GeoArb} ?
[13:22] {patience} i just used my general trading account through td
[13:22] {GeoArb} ok
[13:22] {GeoArb} TY
[13:22] {Threei} doesn't Laser offer options geo?
[13:22] {GeoArb} i think it does
[13:22] {_xzap} DRYS possible short set up
[13:22] {GeoArb} i dont think i have quotes
[13:23] {Threei} I remember something a while ago about implemenmting them
[13:23] {Threei} oh, you need to apply for it separately
[13:23] {Threei} not on by default
[13:23] {Threei} PERU STOCK EXCHANGE HALTED TEMPORARILY AFTER DECLINING 7.5%
[13:25] {Threei} CSIQ
[13:25] {Threei} SIGNS 2009 SALES CONTRACT
[13:25] {Threei} wow
[13:25] {Threei} some spike
[13:26] {Threei} SIGNS 2009 SALES CONTRACT FOR 28MW, OPTIONS FOR ANOTHER 20MW, PRICES FIXED FOR NEXT MONTHS
[13:26] {GeoArb} just got off the phone with dave.... he alled back
[13:27] {GeoArb} heisnt trading today.... got stuff to care
[13:27] {Threei} gosh... CSIQ is so cheap
[13:28] {_xzap} look how fast the vol fell off on CSIQ
[13:28] {GeoArb} hmmm thats what my wife says about me
[13:28] {Threei} yeah, just some dummies pushing market order buttons into thin stock
[13:29] {magoo} vad is RIMM avail short for u?try it way ouit there
[13:29] {Threei} no mags, I tried when you asked first trime
[13:29] {magoo} ok ty
[13:29] {Threei} same error code as for list of short ban
[13:29] {dino} lol
[13:29] {Threei} I guess they applied to SEC to be included
[13:30] {GeoArb} i got a mesage
[13:30] {GeoArb} no error code
[13:30] {GeoArb} "cannot short per sec"
[13:30] {Threei} same thing
[13:30] {GeoArb} they have a newer new version
[13:30] {GeoArb} 5.3.332
[13:30] {Threei} yeah
[13:31] {Threei} any changes but this?
[13:31] {GeoArb} maybe decided to have friendly error messages unlike MSFT
[13:31] {GeoArb} some ISLD routing fixes
[13:31] {Threei} what are those corrections in server?
[13:31] {GeoArb} sorry
[13:31] {GeoArb} ARCA
[13:31] {GeoArb} 1. Fix ARCA routing strategy once PO+ selected.
[13:31] {GeoArb} 2. Use updated SymbolInfo.txt (4/24/2008)
[13:31] {GeoArb} 3. Add ten lines for internet quote servers.
[13:32] {Threei} no, I mean to log in
[13:32] {Threei} what do you need to change?
[13:32] {GeoArb} dave said when i installed new version it reset my port to default
[13:32] {GeoArb} as i need to user bear port they gave it to me and then it worked
[13:33] {magoo} i haven't downloaded it yet..u vad?
[13:33] {_xzap} still watching DRYS for short
[13:33] {Threei} no
[13:33] {Threei} don't want to get stuck
[13:33] {GeoArb} they want us to use 15905 as port
[13:33] {Threei} and geo won't share
[13:33] {GeoArb} i just did
[13:33] {Threei} oh he did
[13:34] {Threei} lol
[13:34] {GeoArb} i was checking
[13:34] {Threei} it's executor server only, right?
[13:34] {Threei} the rest stays as it is
[13:35] {GeoArb} yes
[13:35] {GeoArb} ill email ya a snapshot
[13:35] {Threei} OK... no trades anyway rifght now, I can try mags
[13:35] {Threei} will tell you if it goes smoothly
[13:35] {magoo} ok
[13:35] {magoo} ill wait
[13:35] {magoo} im computer illitterate
[13:36] {GeoArb} sent vad
[13:37] {Threei} installing
[13:38] {magoo} looking for my dow 9000 hat
[13:38] {GeoArb} really magoo?
[13:38] {magoo} yeah..been so long cant find it
[13:39] {Threei} opened with no problem mags
[13:39] {magoo} did u have to dock in port 188905?
[13:39] {Threei} just click Server setup before trying tolog in
[13:39] {magoo} or wshatever?
[13:39] {Threei} and change executor server to 15905
[13:40] {_xzap} Woo ! +1 point on DRYS short
[13:41] {Chaeron} nice one xzap
[13:41] {Threei} wtg
[13:42] {Chaeron} (don't know why I have a desire to nickname you "Zap Brannigan" hmmm doubt anyone here would get reference
[13:42] {_xzap} lol
[13:43] {_xzap} man, a stock makes a little run in one direction and turns right around and runs in the other direction
[13:45] {Threei} break of 24 begs to be shorted again
[13:46] {_xzap} I'm afraid to go back in
[13:47] {GeoArb} you in vad
[13:48] {Threei} not here
[13:48] {Threei} missed original entry as typed
[13:48] {GeoArb} yeah me too
[13:48] {Threei} not want to see support giving in
[13:48] {Threei} not = now
[13:49] {Threei} .79 would be breakdown
[13:49] {Threei} small shares, stop around 24.10
[13:54] {Threei} why is WB happy again?
[13:54] {Threei} I see no new news
[13:55] {Threei} TICKS HIGHER AS PERSHING'S ACKMAN APPEARS ON CNBC, REITERATES HE SEES WB SHARES WORTH AROUND $8/SHR AT A MINIMUM
[13:55] {Threei} sigh
[13:55] {Threei} come on people
[13:56] {Threei} guy takes large stake, goes on TV and says it costs more
[13:56] {Threei} and they jump to buy?
[13:56] {dino} fcx sm wide l .20
[13:57] {Threei} Nato commanders to draw up plans to defend ex-Soviet bloc members from Russia
[13:57] {GeoArb} so is anyone going to jail?
[13:57] {GeoArb} One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.
[13:59] {Threei} so bonuses were granted?
[13:59] {GeoArb} Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.
[13:59] {GeoArb} i thought bankruptcy had bonus clawback provisions no?
[14:04] {Threei} what if they already spend it?
[14:04] {Threei} transfered out of country
[14:04] {Threei} numbered offshore accounts
[14:04] {GeoArb} whatever happenned to the risk part of reward?
[14:04] {Threei} that's for us
[14:04] {Threei} for them it's pure reward
[14:04] {Threei} you heard Leh Ceo
[14:05] {dino} stopped fcx
[14:05] {GeoArb} i have come to the conclusion that capitalism something sold to the masses...
[14:05] {GeoArb} its chummy socialism on top
[14:05] {Threei} "company did well, we did well..y didn't do well, neiether did we"
[14:05] {Threei} congressman: huh?
[14:05] {Threei} seems you did well no matter what
[14:06] {GeoArb} well his wife IS selling all their art
[14:06] {Threei} I am crying
[14:06] {GeoArb} hehehe
[14:07] {GeoArb} "i cannot recall" answers flying
[14:09] {Threei} chart looks like another breakdown is coming
[14:09] {_xzap} watching to short CSIQ
[14:10] {Threei} break of 13
[14:10] {Threei} just keep size reasonable, very thin one
[14:10] {GeoArb} ahh the ones given 20 mill were actually fired
[14:11] {_xzap} I'd like to see 12.50 on CSIQ
[14:11] {_xzap} 12.59 I mean
[14:12] {Threei} oh, that's why bounuses were so small geo?
[14:12] {GeoArb} yup
[14:12] {Threei} got it
[14:12] {_xzap} why did they name a company located in China Canadian Solar
[14:13] {Threei} it's a canadian company
[14:13] {_xzap} that makes sense
[14:13] {Threei} production is in China but whose isn't
[14:13] {_xzap} doesn't China own most of the US now
[14:14] {_xzap} PLCM breaking down
[14:14] {GeoArb} i tuened it off... got sickened
[14:18] {_xzap} MNST trying to break down
[14:21] {dptl} what a crazy day
[14:21] {Threei} ugh
[14:21] {GeoArb} you wanna bet today is the day the keating ads will com out?
[14:21] {Threei} looked at DELL to short
[14:21] {Threei} and disdn't find guts
[14:22] {_xzap} Vad, it would be cool if you had a sound alert on here when you made an entry
[14:22] {GeoArb} csiq broke
[14:22] {Threei} you can set it in your mirc on my name
[14:22] {_xzap} oh, thanks
[14:22] {dptl} where is tsx now anybody??
[14:22] {GeoArb} files options irc highlight
[14:22] {Threei} HEARING REPORTEDLY SET FOR 2PM TOMMOROW ON CITIGROUP AND WFC DISPUTE OVER WB ACQUISITION
[14:22] {Threei} - Note Bair remarked that she expected a solution with regards to the disupute today{C WB}
[14:23] {dptl} pations......tsx?
[14:23] {dptl} pationce sorry
[14:23] {Threei} try again
[14:23] {dptl} damn...patience
[14:23] {Threei} third time should it
[14:23] {Threei} there :)
[14:24] {dptl} lol
[14:25] {_xzap} I'm right clicking your name Vad but son't see an audio alert option
[14:26] {GeoArb} {GeoArb} files options irc highlight
[14:26] {Threei} geo tells you how to do it xzap
[14:26] {dptl} -951 tsx
[14:27] {GeoArb} put threei and enable sound
[14:27] {GeoArb} wow
[14:27] {magoo} cant short goog now vad
[14:27] {GeoArb} really?
[14:28] {GeoArb} heheheh maybe the new version screwed it up
[14:28] {_xzap} thx Geo, I think I got it
[14:30] {dptl} almost -1000 tsx
[14:30] {_xzap} PLCM below S1 now
[14:30] {GeoArb} S1?
[14:30] {_xzap} Support 1
[14:32] {GeoArb} GOOG isnt on the shortlist as of 9:16
[14:32] {GeoArb} http://www.gndt.com/support/shortlist.htm
[14:33] {GeoArb} maybe they just ran out of locates
[14:33] {GeoArb} fellow swingers used em up
[14:33] {GeoArb} ok that didnt come out right
[14:33] {Threei} lol
[14:33] {patience} i was wondering
[14:34] {GeoArb} beacuse i think the way it works is brokerages have short inventory beofre open.... and it just might have been used up
[14:35] {patience} tsx down -925 oh my my
[14:35] {dptl} crazy
[14:35] {GeoArb} dino dcc pls
[14:35] {Threei} interesting thing is, it still doesn't feel like capitulation
[14:36] {patience} well mom just phoned, she is cashing in more investments.....can't be that far away
[14:37] {Threei} oil 89?
[14:38] {dptl} 88.27
[14:38] {GeoArb} its 88
[14:39] {GeoArb} sorry dptl
[14:39] {dptl} goes fast:)
[14:40] {Threei} good
[14:40] {patience} qid, sds, skf and especially fxp have done well
[14:40] {Threei} (well, I had to find something good in what happens in markets today, no?)
[14:40] {patience} not that i traded them
[14:40] {GeoArb} i thought therer was one nyse high
[14:41] {dptl} really happy about oil.....might even go and wash my car :)
[14:41] {_xzap} PLCM near day's low
[14:42] {GeoArb} finally take it for a spin?
[14:42] {dptl} lol
[14:44] {Threei} anyone bets on Dow closing green?
[14:44] {GeoArb} which side you on vaD?
06[14:44] * Threei crawls under the nearest rock
[14:44] {Threei} I am against
[14:44] {Threei} just thought maybe someone had some beer to lose on a bet
02[14:45] * Disconnected
02[15:16] * Attempting to rejoin channel #discussions

[15:17] {dptl} whoooho tsx-1000
[15:17] {dino} -800
[15:17] {dino} dji
[15:17] {GeoArb} i made money today
[15:17] {GeoArb} but am not happy for some reason
[15:17] {GeoArb} atleast i was long hehehe
[15:17] {_xzap} my T&S looks like it's in slow motion
[15:17] {patience} vad just phoned me
[15:17] {patience} all of his internet has died
[15:17] {patience} ok, is anybody still here?
[15:17] {_xzap} yep
[15:17] {dptl} yep
[15:17] {dino} y
[15:17] {dino} tell vad he has to pay the bill
[15:17] {_xzap} JRCC setting up for a long
[15:17] {_xzap} will the dow close down -1000
[15:17] {peterg} hr to go;
[15:17] {GeoArb} hey peterg
[15:17] {GeoArb} dcc
[15:17] {patience} interesting link on circuit breakers http://www.nyse.com/press/circuit_breakers.html
[15:17] {dptl} vrsn???
[15:17] {_xzap} I don't see any news on VRSN
[15:17] {peterg} geo dcc'd
[15:17] {_xzap} This was my 1st day here, just wnated to thank ya'll for letting me hang out
[15:17] {patience} interesting times xzp
[15:17] {dino} yeah, not one of my better days
[15:17] {_greens} c
[15:17] {_xzap} I have a system that works pretty well but not right now
[15:17] {dino} in any case, i won't be in rest of week, golf vaca
[15:17] {patience} what is volume like today?
[15:17] {patience} no laptop on the golf course dino?
[15:17] {_xzap} i can't find vol in anything
[15:17] {_xzap} dptl } Still watching VRSN ?
[15:17] {dptl} above averege on qqqq...patience
[15:17] {dino} no patience, i have refused to bring work on vacations. like to clear my head
[15:17] {dptl} amm..no vrsn...was playing rmbs
[15:17] {_xzap} VRSN is acting weird
[15:18] {Threei} am I back?
[15:18] {_xzap} yep
[15:18] {Threei} wow
[15:18] {patience} nice last hour recovery in progress
[15:18] {dptl} hey Vad
[15:18] {dino} yes abot 300 pts
[15:19] {Threei} sh*t
[15:19] {Threei} missed everything
[15:19] {Threei} good 50 cents on DELL
[15:19] {GeoArb} you missed?
[15:19] {GeoArb} no no
[15:19] {GeoArb} we missed vad
[15:20] {Chaeron} going for green..........
[15:20] {_xzap} no news on VRSN, up almost 2 points
[15:21] {Threei} can't believe it... reversal I was for whole day, and darn internet goes doqwn
[15:21] {Threei} was waiting for
[15:21] {GeoArb} tch tch
[15:21] {GeoArb} i trade on 30 buck dsl
[15:22] {GeoArb} and wireless on 30 buck cable
[15:22] {GeoArb} leanred that when i used to trade futures with stops local
[15:22] {_xzap} all my gap downs from this am have turned around
[15:23] {GeoArb} vad doesnt even have the connectivity for a trout lol
[15:23] {Threei} lol
[15:23] {Threei} all green lights on modem and router, no connection
[15:23] {Threei} something got cut off at ISP
[15:24] {Threei} well, we did great today anyway
[15:24] {Threei} just a shame that this reversal slipped through fingers
[15:24] {GeoArb} you need a hotbrick vad
[15:24] {Threei} frikin 50 points NQ
[15:24] {Threei} I know, a lot of investors would say "cry me a river"
[15:24] {Threei} but still
[15:24] {GeoArb} takes cable and dsl at back and flips if one fails
[15:25] {_xzap} Look at SPWRA
[15:25] {Threei} everything I was hunting for:
[15:25] {Threei} DELL 50 cents
[15:25] {Threei} RIMM 4 bucks
[15:26] {Threei} NVDA 40 cents
[15:26] {GeoArb} ehehehe
[15:26] {GeoArb} vad sounds anguished
06[15:26] * Threei slaps GeoArb around a bit with a large trout
[15:26] {Threei} you asked for it :)
[15:26] {GeoArb} we killed anyway vad
[15:26] {dino} out fslr 150.30, +3.00 all day sheesh
[15:26] {GeoArb} coe dino deserves one
[15:26] {Threei} yeah, no reason to complain, except one:
[15:26] {GeoArb} look at his timing
[15:26] {Chaeron} nice dino
[15:26] {_xzap} AAPL running
[15:26] {Threei} when this rally develops, I am not going to stay with scalps
[15:27] {GeoArb} true true
[15:27] {Threei} this is going to be a reversal for big moneyu
[15:27] {Chaeron} did we see the MOABs today?
[15:27] {dino} ty chaer
[15:27] {GeoArb} yeah i even made dave increase my share per ticket
[15:27] {Threei} and I didn't intend to miss first leg of it to say honestly :)
[15:27] {Threei} beautiful trade dino
[15:28] {Threei} I am not sure yet chaeron
[15:28] {Threei} by the charts configuration, very possibly,
[15:28] {Threei} but today's selling didn't have this feel of ultimate climax
[15:28] {Threei} organized liquidation rather than sheer panic
[15:29] {dino} lucky vad, but thx
[15:29] {Threei} yeah yeah, we know :)
[15:29] {GeoArb} dino i have a quote for you
[15:29] {dino} ?
[15:29] {dino} better lucky than good
[15:29] {patience} i've put some stink bids in, figure the public hasn't participated rush to safety
[15:29] {GeoArb} seneca the yonger: lunck happens when preparation meets oppurtunity
[15:29] {GeoArb} http://en.wikipedia.org/wiki/Seneca_the_Younger
[15:30] {dptl} rmbs..baby...+.06 +.13
[15:30] {dino} ah yes, i've heard that
[15:30] {GeoArb} :)
[15:30] {dino} i kind of think we create a bit of our own luck
[15:31] {Threei} in trading we certainly do
[15:31] {GeoArb} in ancient sanskrit.....
[15:31] {GeoArb} the deer doent walk into the sleeping lions mouth on its own
[15:31] {GeoArb} ok looks like i made too much money
[15:32] {Threei} Russia is down 21%??
[15:32] {Threei} mama
[15:32] {dino} ouch
[15:32] {dptl} oh maan
[15:33] {dptl} they were open??
[15:33] {Threei} they halted twice
[15:33] {GeoArb} oil +1.67
[15:33] {dptl} hoping i guess
[15:33] {Threei} GE
[15:33] {Threei} pullback is interesting here for bounce
[15:35] {Threei} closer to 21 hopefully
[15:35] {Threei} and with market resumption to the upside
[15:36] {Threei} watch from here
[15:37] {Threei} in .92
[15:37] {Threei} stop .85
[15:38] {Threei} can take a few tries as all these pullbacks
[15:40] {Threei} out
[15:41] {_xzap} I get stopped out on the bid, not the last. Does this happen to anyone else ?
[15:41] {GeoArb} what platform?
[15:41] {_xzap} Scott Trade elite
[15:41] {Threei} sheesh
[15:42] {Threei} jumped right back up
[15:42] {GeoArb} :(
[15:42] {dptl} to close to eod...to crazy
[15:42] {GeoArb} one internet crash and vad lost mojo
[15:42] {GeoArb} lol
[15:42] {Threei} lol
[15:42] {Threei} come on... sacrifice 7 cents for common good
[15:43] {Threei} these pullbacks are always: dop not play if not ready for a few attempts
[15:43] {Chaeron} we in again?
[15:43] {Chaeron} *sigh*
[15:43] {GeoArb} look at this
[15:43] {GeoArb} sheesh
[15:43] {dino} out jst .47 ave +.65
[15:43] {Chaeron} out at .85 - -.07
[15:43] {dptl} staying away...protecting profits:)
[15:44] {GeoArb} smart dptl
[15:44] {Threei} happens too quickly to comment real time chaeron
[15:44] {_xzap} DRYS
[15:44] {Threei} overtightened stop a bit I guess on GE
[15:45] {GeoArb} peter am done trading.... so you can dcc me about hotkeys
[15:45] {dino} clf bounce range
[15:45] {Onix} stopped GE @.84 = -.12 and look at it now!
[15:45] {GeoArb} thats why i am done :)
[15:46] {GeoArb} got stopped out... want to take rest home
[15:46] {Chaeron} Onix - give it time... it could have just as easily gone to 20.20
[15:46] {Onix} so true
[15:47] {Chaeron} I have to go ... bye everyone... we'll have fun tomorrow too
[15:47] {_xzap} Thanks for having me today Vad :)
[15:47] {Threei} take care chaeron
[15:47] {GeoArb} bye caeron
[15:47] {_xzap} see ya chaeron
[15:47] {Threei} glad to be a host xzap
[15:48] {_xzap} I'll be here rest of this week
[15:48] {peterg} thanks geo
[15:50] {dptl} what a day.....:)
[15:50] {Threei} no kidding
[15:50] {magoo} crazy
[15:51] {dptl} i am gonna mark it on my calendar:)
[15:52] {Threei} last scalp, DELL long
[15:53] {Threei} .80
[15:53] {dino} thx all, see you next monday. good luck and stay alive
[15:53] {Threei} take care dino
[15:53] {peterg} have great trip dino
[15:53] {hawkfan4} cya dino
[15:53] {dptl} have fun
[15:53] {magoo} in dell
[15:54] {GeoArb} half out 1:1
[15:54] {Threei} out .92
[15:54] {Threei} too close to eod
[15:55] {magoo} out .95 FL TY bossasauras
[15:55] {Threei} lol, welcome
[15:55] {Threei} had to get back those 7 cents on GE
[15:55] {GeoArb} great ending 31
[15:55] {GeoArb} i understand
[15:55] {dptl} :)...amazing...nice trade didn't have gats for that:)
[15:55] {magoo} btw..u still stuck with me ALL WEEK lol
[15:55] {GeoArb} lol
[15:55] {Threei} lol
[15:55] {Threei} remember old saying?
[15:55] {Threei} amateurs open market, pros close it
[15:55] {GeoArb} i didnt revenge trade GE
[15:55] {Threei} well, look at the close
[15:56] {Threei} DJI is down lousy 330 points
[15:56] {magoo} big gap tomorrow unfortunately
[15:56] {Threei} which is nothing in terms of recent volatility
[15:56] {dptl} :)
[15:56] {dino} 500 pt dji comeback
[15:56] {Threei} yup
[15:56] {Threei} tells you wheta smart money is doing today
[15:57] {Threei} today's sellers will be big losers when all said and doen, IMO
[15:57] {dptl} good day.....have a good evening all :) and ty for the heads up:)
[15:58] {Threei} frikin GE, lol
[15:58] {Threei} take care dp
[15:58] {magoo} u too dp
[15:59] {Threei} [09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[15:59] {Threei} [09:11] {Threei} then I'd expect very strong rally in second half of the day.
[15:59] {peterg} ciao all; so vad you have 2 scenarios eh
[16:00] {Threei} at least
[16:00] {peterg} big up at open, or bleak relentless at first, followed by up
[16:00] {peterg} right
[16:00] {peterg} thks, gd day
[16:00] {Threei} no, first one was:
[16:01] {peterg} yah?
[16:01] {Threei} [09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[16:01] {Threei} [09:11] {Threei} those would be sold.
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {magoo} u always forget to post who asks the question..he he
[16:02] {peterg} me?
06[16:02] * magoo slaps peterg around a bit with a large trout
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:02] {peterg} much better...............
[16:02] {magoo} hey,,not very nice
[16:02] {peterg} do you feel lucky?
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:03] {patience} have fun dino, magoo will be his usual wonderful self while you are gone :)