Oct 09 2008

Session Time: Thu Oct 09 00:00:00 2008

[08:00] {magoo} jhuhffhfhfg
[08:01] {_xzap} Canadian Solar Signs 2009 Sales Contract With Systaic Of Germany And Announces European Sales To Date
[08:01] {_xzap} hi magoo
[08:02] {magoo} xzap:)
[08:14] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:14] {Threei} - Expectations for initial claims are 475K v prior release of 497K.
[08:14] {Threei} - Continuing claims seen at 3.608M v prior 3.591M.
[08:14] {Threei} good morning
[08:15] {_xzap} howdy Vad
[08:15] {magoo} morn vad. was there any news for that ENER sell off at bell?
[08:16] {Threei} don't see anything
[08:20] {_xzap} 52 week lows, Vol }1M, Y'day's vol 150% above avg, AAPL, ADBE,AMZN,BUCY,CENX,MSFT,INTC,ORCL,DRYS,JOYG
[08:22] {_xzap} These are just a few notable names from a list of 577
[08:23] {esemde} good morning....
[08:23] {_xzap} ENER gap up 2.12 so far this am
[08:24] {_xzap} hi ese
[08:24] {esemde} zap......
[08:25] {Threei} ese :)
[08:25] {magoo} ese:)
[08:25] {Threei} RANIAN OIL MIN CONFIRMS OPEC MEETING IN NOV
[08:26] {Threei} they are so concerned with falling oil price... as if under 100 is unacceptable low
[08:26] {Threei} many years it traded way lower and they still were the richest nations
[08:27] {Threei} now anything under 100 is too low for them
[08:28] {_xzap} Vad, do you think Q3 earnings misses (I'm assuming a lot miss) are already priced in the mkt?
[08:29] {Threei} on a large scale, I think it either is, or it just won't be a major driving factor
[08:29] {Threei} on company by company basis it could matter
[08:29] {Threei} overall, greater concerns should overtake
[08:30] {Threei} everyone knows economy is slow
[08:30] {Threei} so low earnings won't be of any surprise
[08:30] {Threei} INITIAL CLIAMS: 478K V 475KE; CONTINUING CLAIMS: 3.659M V 3.608ME
[08:30] {Threei} - Prior Initial Jobless Claims from 497K to 498K
[08:30] {Threei} - Prior Continuing Claims revised from 3.591M to 3.M
[08:31] {Threei} look
[08:31] {Threei} market didn't even blink
[08:31] {magoo} meaning?
[08:31] {Threei} bad jobless numbers
[08:31] {Threei} no drop
[08:32] {Threei} tells you something?
[08:32] {magoo} what?
[08:32] {Threei} OK, I'll oblige
06[08:32] * Threei slaps magoo around a bit with a large trout
[08:34] {esemde} Vad i'm trying to log onto the trading room from my new macbook but it won't accept my user and password
[08:35] {Threei} there is no track of connection attempt ese
[08:35] {Threei} it doesn't go to our server
[08:35] {esemde} tried yesterday.....
[08:35] {Threei} what time?
[08:35] {Threei} roughly
[08:36] {esemde} somewhere between 6:30 and 7
[08:36] {Threei} let me look
[08:36] {Threei} wrong username
[08:36] {Threei} I see connect attempt by ese
[08:37] {esemde} dcc please
[08:37] {_xzap} 52 week lows that are gapping up this am: AAPL, AMZN, ORCL, DRYS
[08:41] {_xzap} hi patience
[08:41] {_xzap} hi Geo
[08:41] {patience} good morning guys :)
[08:42] {ese} hi all....this is a check from my new macbook pro
[08:42] {magoo} patience,geo:)
[08:42] {ese} patience
[08:42] {ese} mags
[08:42] {brian3579} gm all
[08:42] {Threei} macbook tend to shorten people's names
[08:42] {Threei} brian :)
[08:43] {ese} hmmmmm it does indeed....works for me
[08:43] {_xzap} hi brian
[08:43] {brian3579} gm
[08:44] {_xzap} futures look good so far
[08:44] {ese} patience.....you having a feild day with interest rte contracts
[08:47] {patience} sorry ese, not following you
[08:49] {ese} are you playing interest rate options/contracts
[08:49] {ese} interest rate futures
[08:51] {patience} not at all, are you?
[08:52] {ese} no......but it would have been a no brainer the other day.....
[08:54] {Onix} good morning al
[08:54] {Threei} onix :)
[08:54] {patience} ah, that would account for it....if it were an easy trade...i missed it.. :)
[08:55] {ese} me as well....
[08:56] {_xzap} gm Onix
[08:58] {_xzap} Top gap ups so far: QSFT, AAUK, CSIQ, ENER, DRYS, BRCM, RIMM, AAPL. Some of these are also at 52 week lows on above avg vol.
[09:06] {Onix} most financials running this morning
[09:06] {cosmo} but they cant hide...
[09:06] {dptl} good morning all
[09:06] {Onix} gm dp
[09:07] {Threei} dp :)
[09:11] {magoo} (:pd
[09:15] {dptl} :)
[09:17] {Threei} COIN
[09:17] {Threei} SIGNS STRATEGIC DEAL WITH WASTE MANAGEMENT FIRM UNITED TRUCKING
[09:17] {Threei} - COIN and United Trucking Inc. of Mount Laurel, New Jersey have agreed to cooperate in the collection, processing and conversion of food waste from United Trucking food service clients.
[09:17] {Threei} - Financial terms were not disclosed.
[09:17] {Onix} is Monday US holiday as well? ...Thanksgiving in Canada
[09:18] {Threei} no
[09:18] {_xzap} Quest Software Inc. (QSFT) jumped 114.3% premarket after naming a new chief executive and announcing plans to repurchase up to $400 million, or 26%, of its stock.
[09:19] {GeoArb} gm all
[09:19] {Threei} geo :)
[09:19] {_xzap} hi Geo
[09:20] {Threei} I don't see any prints that high on QSFT
[09:20] {Threei} 12.45 is highest on my T&S
[09:20] {_xzap} I don't either Vad
[09:21] {Threei} someone's calculator is off I guess
[09:21] {_xzap} it is # 1 gap up right now
[09:21] {GeoArb} so did shorting ban expire?
[09:21] {Threei} yes
[09:21] {GeoArb} ok
[09:23] {_xzap} BBBY gap up
[09:24] {Threei} this one looks weird to me
[09:24] {Threei} I wouldn't expect retail sector to strengthen just yet
[09:25] {_xzap} I thought that was weird also
[09:25] {Threei} closed 27.55... look at the spread premarket
[09:25] {_xzap} good gosh
[09:26] {Threei} almost like someone hit offers not paying attention to handle
[09:26] {_xzap} ENER is up $2,32
[09:29] {_xzap} now $3.08
[09:30] {Threei} watching ADBE for pullback and long entry
[09:30] {Threei} half lot
[09:32] {magoo} under30?
[09:33] {_xzap} I've got pivot at 29.65 - 29.87
[09:33] {GeoArb} in .30
[09:33] {GeoArb} out .54
[09:34] {magoo} in .18
[09:34] {GeoArb} bit choppy
[09:35] {magoo} really missed et
[09:35] {magoo} was waiting .91
[09:35] {GeoArb} yeah 2 cents
[09:36] {magoo} saw .85
[09:36] {magoo} fasttttttttttttttttttttttt
[09:36] {magoo} waiting .85 now
[09:37] {GeoArb} filled the gap
[09:38] {magoo} no help mkt
[09:41] {magoo} out here .67 TY vad
[09:42] {Threei} :)
[09:43] {_xzap} QSFT starting to pull back, 50% Fib retrace is11.4
[09:43] {Threei} pullback time
[09:45] {Threei} hmm... not much of pullback
[09:46] {magoo} adbe or mkt?
[09:46] {Threei} either
[09:46] {Threei} OK, a bit better now
[09:46] {magoo} pretty volatile
[09:46] {Threei} watch RIMM around 61
[09:48] {Threei} ADBE .40 break, half lot
[09:48] {Threei} stop under .20
[09:49] {peterg} morning folks
[09:49] {Threei} peter :)
[09:50] {magoo} peterg:)
[09:50] {_xzap} selling pressure on DRYS
[09:50] {_xzap} hi peter
[09:51] {peterg} z!
[09:52] {_xzap} not seeing normal pullbacks, let's see what 10 - 10:15 brings
[09:54] {Threei} need NQ to break 1370 for the next leg up
[09:55] {_xzap} CSIQ meeting res @ 14.2
[09:55] {Threei} no worky ADBE
[09:56] {_xzap} ADBE coming back to pivot
[09:59] {Threei} MS got beaten to the pulp
[09:59] {Threei} tempted to short it
[09:59] {dptl} short ban expired...but in some stock in laser still give me error code
[09:59] {Threei} MS shortable
[10:00] {Threei} a bit too jumpy, hard to find entry
[10:00] {dptl} ohh...sorry....never mind last post:)
[10:01] {Threei} if you went for breakdown cover half here
[10:01] {Threei} 14 is coming it seems
[10:02] {_xzap} bid ADBE @ 29.9
[10:03] {_xzap} in 29.9
[10:04] {dptl} flex?
[10:05] {Threei} chart is right, but it's a slow one
[10:05] {Threei} can torture you for hours
[10:05] {_xzap} what isn't slow *LOL*
[10:05] {dptl} ok ty
[10:05] {Threei} MS isn't {G}
[10:07] {Threei} if you are willing to give it chance, 5.42 long with .35 stop
[10:07] {Threei} if loses .35, let it pull back deper
[10:07] {dptl} that was a plan
[10:09] {Threei} NTAP
[10:09] {Threei} ugh... jumped while I typed
[10:10] {Threei} pullback into .80 -.85 area
[10:11] {Threei} if no pullback and market jumps agian, .95 long with .84 stop
[10:13] {_xzap} Out ADBE 30.30 + .40
[10:13] {Threei} good one
[10:13] {_xzap} thx Vad
[10:16] {_xzap} watching QSFT for 11.4
[10:16] {Threei} stop NTAP .79 who got it on pullback
[10:16] {Threei} you actually have a scalp here
[10:16] {Threei} but I'd prefer to try and hold it for break
[10:17] {Threei} risk is so miniscule
[10:17] {Threei} or let's partial
[10:17] {Threei} half out .97
[10:18] {Threei} now think of NTAP in these terms:
[10:18] {Threei} your risk is afew cents here,
[10:19] {Threei} if market stages this nice slow confident climb here, NTAP can go quite nicely
[10:19] {Threei} 14.50 is not out of question
[10:19] {Threei} so, either keep your stop under .80 and forget about second half
[10:19] {Threei} or just take profit on jump after 14 break
[10:19] {Threei} personal choice really
[10:24] {Threei} GM... sheesh
[10:25] {Threei} are we about to lose our automaking industry?
[10:26] {peterg} cant short it
[10:27] {peterg} just as well
[10:27] {Threei} probably not all bans are flashed out of the system yet
[10:29] {Threei} Short Setup: IBM 92 breakl small shares
[10:30] {Threei} feel free to cover as you see fit
[10:30] {Threei} easy and quick 40 something cents
[10:33] {_xzap} watching DRYS for 20.8 - 21, at 76% Fib retrace now
[10:33] {Threei} full buck now IBM
[10:33] {Threei} not watching anymore, anyone who took it is too deep in the money to need any further comments
[10:34] {Threei} and if you all ignored it, tell me so I just go sleep
[10:36] {Threei} Long Setup: ADBE 30.03
[10:36] {Threei} srtop under 29.90
[10:37] {Threei} half out ADBE .20
[10:37] {Threei} scalpers are out in full
[10:38] {Threei} stop to .95
[10:39] {Threei} am I alone in here?
[10:39] {_xzap} nope
[10:40] {magoo} in adbe
[10:40] {Onix} no
[10:40] {Onix} in ADBE @ .06
[10:40] {Threei} never have I seen such grave silence greeting one profitable call after another
[10:40] {peterg} in and out abde for a penny
[10:40] {GeoArb} geo{- trying to be strong and silent
[10:40] {peterg} adbe
[10:40] {Threei} penny?
[10:41] {magoo} u sound like dino lol
[10:41] {peterg} yes
[10:41] {peterg} not having fun yet
[10:41] {Threei} I am lost
[10:41] {peterg} how so?
[10:41] {Threei} it went over 20 cents
[10:41] {Threei} how come you take a penny?
[10:41] {peterg} in at .12, out going down at .13
[10:41] {_xzap} watching CSIQ for 13.3
[10:41] {GeoArb} wow late peterg
[10:41] {peterg} slow reflexes?
[10:41] {peterg} too late huh
[10:42] {Threei} .12 vs .03 trigger? that's a lot of chasing
[10:42] {GeoArb} well umm i didnt do better than .06
[10:42] {peterg} buy limit?
[10:42] {Threei} limit a few cents above market
[10:42] {Threei} I'd say .06 - .07 limt if trigger is .03
[10:42] {peterg} when you publish the move, it has already moved up
[10:43] {_xzap} DRYS reaching pivot
[10:43] {Threei} ADBE was .02 at the moment
[10:43] {Threei} if you miss it, wait for pullback
[10:43] {Threei} but chasing that high?
[10:43] {peterg} just shooting at it with mkt order
[10:43] {Threei} no, not on volatile stock
[10:43] {peterg} determined to get on board can be mistake i guess
[10:43] {Threei} market order is fine for a thick slow ones
[10:43] {Threei} with a lot of liquidity
[10:44] {peterg} this is why I am trying to figure out keys
[10:44] {peterg} because fiddling around wi level 11 mouse key change and setting price too clumsy
[10:44] {peterg} time consuming
[10:44] {peterg} miss moves
[10:44] {Threei} even with mouse... just click on level 2 couple levels above your trigger
[10:44] {Threei} and lick limit buy
[10:44] {Threei} kclick
[10:44] {Threei} sheesh
[10:44] {Threei} lol
[10:44] {GeoArb} yeah vads style
[10:45] {peterg} lick the limit?
[10:45] {peterg} yummy
[10:45] {Threei} sigh
[10:45] {peterg} lift, right
[10:45] {GeoArb} click
[10:45] {peterg} click the price, i get that
[10:45] {_xzap} bid 20.8 DRYS
[10:45] {peterg} but its movin so fast
[10:45] {GeoArb} no click price a few ahead
[10:45] {GeoArb} so thats your limit
[10:46] {Threei} right
[10:46] {peterg} ok ill try
[10:46] {peterg} thanks
[10:46] {peterg} all
[10:46] {peterg} who seek to help the feeble minded
[10:46] {Threei} let's make sure we are on the same page
[10:46] {Threei} to avoid any costly mistakes
[10:46] {Threei} when you click on level 2, it puts a price you clicked on in your Price windiw
[10:46] {GeoArb} heheh the oother guys have been here a while.... we will all get there
[10:46] {Threei} right?
[10:47] {peterg} right, when you have selected limit trade
[10:47] {Threei} correct
[10:47] {Threei} or should I say korrekt
[10:47] {Threei} so, ADBE is .79 right now
[10:47] {peterg} i prefer vowel free krkt
[10:47] {Threei} let's assume you want to buy it
[10:48] {peterg} ok
[10:48] {Threei} bad example, moves too fast
[10:48] {peterg} right
[10:48] {GeoArb} qqqq
[10:48] {Threei} FRE
[10:48] {Threei} 1.10
[10:48] {Threei} you want it here
[10:48] {Threei} you click 1.12
[10:48] {_xzap} canceld buy for DRYS
[10:48] {Threei} and click Limit Buy
[10:49] {peterg} yahhhh?
[10:49] {Threei} ?
[10:49] {peterg} i dont want to buy it
[10:49] {Threei} no
[10:49] {Threei} it's an example :)
[10:49] {peterg} ck
[10:49] {Threei} if a stock waits for you, great
[10:49] {peterg} so ia am set to hit buy with a limit of 1.12
[10:49] {Threei} you'll get your 1.10
[10:50] {Threei} if it tick fast,
[10:50] {Threei} you may get 1.10, 1.11 and 1.12
[10:50] {Threei} possibly in partials
[10:50] {peterg} but I have a shot at getting it if it moves up fast, right?
[10:50] {Threei} but if it got away completely
[10:50] {peterg} but i dont get stock if goes up too much
[10:50] {Threei} your order will post 1.12 bid
[10:50] {Threei} without chasing it into too sharp spike
[10:50] {GeoArb} ahhh that i didnt know
[10:51] {Threei} Now, if you still want it on a pullback, leave your bid there
[10:51] {peterg} feels good to have training wheels on again.
[10:51] {Threei} if not, click cancel
[10:52] {peterg} ok, lets party! THanks vad and team
[10:52] {_xzap} FWLT starting to roll over
[10:52] {GeoArb} gold touched HOD
[10:52] {GeoArb} oil LOD
[10:52] {Threei} np peter
[10:52] {Threei} don't hesitate to ask
[10:52] {peterg} thks
[10:52] {Threei} there are a lot of things I take for granted
[10:52] {Threei} especially in this "nuts and botls" department
[10:53] {Threei} having traded with direct access broker from 1997
[10:53] {GeoArb} laser is cannon and can be configured six ways from sunday
[10:54] {peterg} but only when it is up, from seven am to, what, five or six pm?
[10:54] {peterg} and not on weekends
[10:54] {GeoArb} yes
[10:54] {GeoArb} lol
[10:54] {GeoArb} i ditched the second half on adbe flat
[10:55] {GeoArb} missed exit
[10:55] {peterg} when watching RIMM, hard to pick prices because of the speed of change.
[10:55] {Threei} true
[10:55] {Threei} there are a few strategies for different routes,
[10:56] {peterg} mmmm?
[10:56] {Threei} I keep giving myself a word to get deeper into them
[10:56] {Threei} to see if there is something we cluld use
[10:56] {GeoArb} ??
[10:56] {Threei} but laziness takes over every time
[10:56] {Threei} OK, look here:
[10:56] {Threei} Trade - Routing Strategy
[10:56] {Threei} one for INET, one for ARCA
[10:57] {Threei} anyone has any idea what that is, feel free to share
[10:57] {Threei} if not, some day I'll get to it :)
[10:57] {GeoArb} dont touch it vad
[10:57] {GeoArb} ARCA PO+ has been down last couple of days
[10:57] {_xzap} bid 20.8 DRYS again
[10:58] {Threei} oh great
[10:58] {dptl} i use inet stgy
[10:58] {Threei} you know what is the surest way to make Russian to jump from the bridge geo?
[10:58] {dptl} hits everything....starting with inet book first
[10:58] {Threei} yes dp
[10:58] {Threei} that's what I use too
[10:58] {GeoArb} tell me the alaska bridge goes nowwhere?
[10:59] {Threei} no
[10:59] {Threei} tell him jumping off this bridge is strictly forbidden
[10:59] {GeoArb} lol
[10:59] {Threei} so... [10:57] {GeoArb} dont touch it vad
[10:59] {Threei} does just that :)
[10:59] {GeoArb} hehehe
[11:00] {Threei} MS...
[11:00] {Threei} small shares short 12.75 break
[11:00] {GeoArb} i thought you werent russian but ukranina vad?
[11:00] {Threei} not much difference back then
[11:00] {GeoArb} ukranian
[11:01] {GeoArb} well the name sounded cooler
[11:01] {Threei} it's now that they try to make big deal out of it, sovereignity, language etc
[11:01] {Threei} back then whole Ukraine spoke Russian almost exclusively
[11:01] {_xzap} canceled 20.8 bid on DRYS
[11:02] {_xzap} Vad, ever hear of Volgan Russians
[11:03] {GeoArb} sheesh i got 20 shares on .74
[11:03] {Threei} what to hear... one of areas in Russia
[11:03] {Threei} that's realy small shares Geo
[11:03] {GeoArb} well i tried 300
[11:04] {GeoArb} it swept .74 .73 and .72
[11:04] {GeoArb} and thats all it got in INET
[11:04] {_xzap} I traced my family tree to there Vad
[11:04] {Threei} wow
[11:04] {_xzap} they threw us out and we exiled to Germany and then to Kansas in the US
[11:05] {Threei} I bet you regret that bitterly
[11:05] {_xzap} LMAO
[11:05] {Threei} or maybe not
[11:05] {Threei} :)
[11:05] {GeoArb} ahh kansas... my wife lived in topka for 5 yrs
[11:05] {GeoArb} topeka
[11:05] {_xzap} then we went from Kansa to Virginia and North Carolina where we stayed
[11:06] {Threei} I don't see any news killing market
[11:06] {_xzap} selling into any rallies stil
[11:06] {GeoArb} oil low gld high
[11:07] {_xzap} we've still got to have that BIG wash out, IMHO
[11:07] {Threei} no worky MS
[11:07] {GeoArb} well i am glad just got 20 shares
[11:08] {peterg} made .08 practicing limit orders ty
[11:08] {GeoArb} nice
[11:08] {peterg} ty
[11:08] {Threei} :)
[11:09] {_xzap} c'mon Dow 7500
[11:09] {GeoArb} hmmm the routing strategies dont have video manauals
[11:11] {_xzap} # 1 sector Construction & ag machinery, MTW, BUCY, DE, JOYG, AG
[11:14] {_xzap} bid 31 BUCY
[11:14] {_xzap} in @ 31
[11:15] {GeoArb} nice xzap
[11:15] {_xzap} thx Geo
[11:16] {_xzap} offered at .50
[11:18] {Threei} MS
[11:18] {Threei} TICKS UP FROM LOWS ON CHATTER THAT MISUBISHI COULD CONSIDER BUYING MS ENTIRETY FOR ROUGHLY $20
[11:18] {Threei} - Note overnight the WSJ noted that MS and Mitsubishi were discussing various initiatives
[11:18] {Threei} - Reminder the two are in an agreement to acquire a 20% stake in company valued at $9B for shares at $25.25
[11:20] {_xzap} offered @ .39
[11:22] {_xzap} offered @ .26
[11:23] {Threei} MS holding well under .50 resistance
[11:24] {Threei} if market turns up again, likely to break and jump
[11:24] {Threei} small shares pnly, very volatilie
[11:25] {GeoArb} sheesh
[11:26] {Threei} if you went for it keep stop undere .25 and aim for closer to 15 target
[11:26] {Threei} nope, no power
[11:27] {GeoArb} vad whats your ip for charts? I am having trouble loading
[11:28] {Threei} ip?
[11:28] {GeoArb} anyway to server ip
[11:28] {GeoArb} anyway to change it without exiting?
[11:28] {Threei} yes
[11:28] {GeoArb} ?
[11:28] {Threei} Quote - Login server setup
[11:28] {Threei} but I keep standrd
[11:29] {Threei} try to change server for charts
[11:29] {GeoArb} .155?
[11:29] {Threei} quote - switch chartserver
[11:29] {GeoArb} ahh works
[11:29] {GeoArb} went from 2 to 1
[11:33] {_xzap} bid 31.07 to break even
[11:33] {GeoArb} i dont see any document/video on gndt which discusses the routing strategies? vad dptl?
[11:33] {Threei} asking me?
[11:34] {GeoArb} if it exists
[11:34] {Threei} I just said I haven't gotten to it :)
[11:34] {GeoArb} lol
[11:34] {GeoArb} maybe you know where to find it but havent read it
[11:34] {GeoArb} i googled and found a few on another platform doc http://sterlingfinancialsystems.com/documents/Articles/NASDAQ_Single_Book_Route_Announcement.php
[11:35] {Threei} market looks like preparing for upward thrust
[11:35] {Threei} ADBE worth a try on .30 break
[11:35] {Threei} half lot
[11:35] {Threei} don't want to overcommit at this time of the day
[11:36] {Threei} fairly nervous trading today
[11:36] {Threei} .15 closest support
[11:37] {patience} mother phoned asking what next to sell....public is participating in selling
[11:37] {GeoArb} [07:58] {dptl} hits everything....starting with inet book first
[11:38] {GeoArb} dptl I am not sure thats true
[11:38] {Chaeron} patience... then we've bottomed
[11:38] {_xzap} out BUCY 31.07
[11:38] {GeoArb} as i switched and am getting partial fills
[11:38] {GeoArb} and in the link it syas INET is
[11:38] {GeoArb} Send directly to NASDAQ – no routing
[11:39] {GeoArb} I switched back to STGY
[11:39] {Threei} [10:58] {dptl} i use inet stgy
[11:39] {GeoArb} oops
[11:40] {Threei} Geo... are we having failure to communicate? :)
[11:40] {dptl} lol
[11:40] {GeoArb} i read i use inet
[11:40] {GeoArb} thats a strategy too
[11:40] {GeoArb} apologies... i am back to where i was
[11:40] {Threei} US GOVT REPORTEDLY EVALUATING INJECTION OF CAPITAL IN US BANKS FOR SHARES, EITHER COMMON OR PREFERRED - UNCONFIRMED REPORT
[11:40] {Threei} - this latest report is very similar to the report from the WSJ eariler today
[11:41] {GeoArb} oout .51 in .3
[11:41] {GeoArb} yeah lot of talk about bank partial nationalization like gordon brown did
[11:42] {dptl} what is it with island?i missed the story on the news
[11:43] {Threei} ?
[11:43] {Threei} which island?
[11:43] {GeoArb} ?
[11:43] {Threei} mine is in place as far as I know
[11:43] {Threei} slowly moving toward Japan
[11:43] {GeoArb} sheesh
[11:43] {dptl} iceland
[11:43] {Threei} ah
[11:43] {dptl} lol
[11:43] {Threei} bankrupt
[11:43] {GeoArb} gave too much interest?
[11:44] {dptl} the whole country?
[11:44] {Threei} well, no offivial default announced if I am not mistaken
[11:44] {GeoArb} Iceland has refused to refund the deposits of international clients in its stricken banks.
[11:44] {dptl} ok...ty
[11:45] {Threei} great, now MS does it
[11:46] {Threei} shaky shaky
[11:46] {_xzap} RIMM consolidating 61 -61.15
[11:46] {_xzap} RIMM breakout
[11:46] {_xzap} res @ 61.70
[11:47] {Chaeron} we closed Monday?
[11:47] {GeoArb} ?
[11:47] {Threei} no
[11:47] {Chaeron} shoot... sorry... but thanks
[11:48] {GeoArb} wrong window chaer?
[11:48] {magoo} your mkt thrust call seems good vad
[11:48] {Threei} seems?
[11:48] {Threei} seems??
06[11:48] * Threei slaps magoo around a bit with a large trout
[11:48] {GeoArb} lol
[11:49] {magoo} lol
[11:51] {_xzap} Vad } do you like RIMM on this pullback ?
[11:52] {Threei} yes
[11:52] {Threei} market will jump back up
[11:52] {Threei} there you go
[11:52] {Threei} didn't take long eh
[11:52] {magoo} vad da man
[11:52] {Threei} just be quick on both sides
[11:52] {magoo} u up today vad?
[11:53] {Threei} don't know why but trading today is very nervous
[11:53] {Threei} much more so that yesterday
[11:53] {magoo} agree
[11:53] {_xzap} agree
[11:53] {magoo} people been kicked so hard and so many times....flinching
[11:53] {_xzap} TICK can't get above 350
[11:54] {patience} waiting for direction to emerge
[11:54] {magoo} conditioned to sell all spikes vad
[11:54] {GeoArb} really xzap? i see a bunch over 500
[11:54] {magoo} and that 3:30 sell down yesterday no help
[11:54] {_xzap} you see the TICK over 500 ?
[11:54] {GeoArb} not right now
[11:55] {GeoArb} -698
[11:55] {Threei} that is one reason mags,
[11:55] {Threei} another is
[11:55] {magoo} if we had finished strong
[11:55] {magoo} today would have rocked
[11:55] {Threei} I see this situation as accumulation by smart money starting
[11:55] {_xzap} Geo, the $USQ/TICK ?
[11:56] {Threei} and on early stages of accumulation smart money is not interested in sending prices skyrocketing
[11:56] {Threei} it's only happy to keep prices down if if it takes some selling
[11:56] {magoo} are we smart $$ he he
[11:56] {magoo} or just smart *sses?
[11:57] {_xzap} RIMM well below dt line
[11:57] {GeoArb} i use TICK-NYSE from InteractiveBrokers
[11:57] {magoo} careful RIMM follows naz
[11:57] {magoo} if naz falls..RIMM falls and vice versus
[11:57] {_xzap} that's all I trade MAg, the NAs
[11:58] {magoo} i trade rimm aapl bidu everyday
[11:58] {GeoArb} no wonder youre quiet magoo :)
[11:58] {_xzap} I haved about 10 I like every day
[11:58] {patience} magoo misses dino
[11:58] {Chaeron} "quiet".... heh :)
[11:58] {magoo} problem is i dont want to hurt anyone
[11:59] {peterg} mags, how can laser show naz?
[11:59] {magoo} u gotta get in and then layout offers at exit levelsl
[11:59] {_xzap} Vad, RIMM @ 60.6 ?
[11:59] {magoo} and only 300 shares..max loss stop 200 bux
[11:59] {magoo} QQQQ chart is what i use
[11:59] {Threei} zap, RIMM is not trading on its own merits
[11:59] {magoo} awesome indicator
[12:00] {Threei} you need to use NQ as leading indicator for it
[12:00] {magoo} set up minute QQQQ and always have it up
[12:00] {Threei} or Qs
[12:00] {peterg} a chart?
[12:00] {magoo} it tends to slightly lead so yoiu see it rolling over...aapl rimm bidu start rolling over
[12:00] {Threei} OPEC: SEEK TO KEEP OIL MARKET STABLE
[12:00] {Threei} - formally announces it will hold an extraordinary meeting on Nov 18 in Vienna{
[12:00] {GeoArb} you using one min magoo?
[12:01] {magoo} yes to chart and minute
[12:02] {peterg} tick chart--how load w syhmbol
[12:02] {magoo} i can NOT trade at all without QQQQ chart up..its set as a permanant
[12:02] {GeoArb} yeah here too
[12:02] {peterg} nuts and bolts
[12:02] {peterg} OK chart up, how enter symbol?
[12:03] {Threei} just type
[12:03] {Threei} click on a chart and type
[12:03] {peterg} got it thanks
[12:03] {magoo} vad..show him how to make it independent..as in always up..not linked to lev 2
[12:04] {Threei} umm... just don't link it? :)
[12:04] {magoo} find a space on screen and always watch it
[12:04] {peterg} righty right right
[12:04] {magoo} i forgot how lol
[12:04] {_xzap} lunch time, no trades for me right now
[12:05] {magoo} now, your other charts need to be minute too ok?
[12:05] {magoo} thern click aapl rimm and look at corelations
[12:06] {peterg} how set speed?
[12:06] {magoo} btw VAD taught me this trick years ago
[12:06] {peterg} i.e., minute
[12:06] {peterg} mine are all streaming, I think
[12:06] {magoo} wheres spread?
[12:07] {peterg} ?
[12:07] {magoo} i looking at chart setup
[12:07] {magoo} are u laser?
[12:07] {peterg} ys
[12:07] {magoo} dcc
[12:07] {GeoArb} rimm should move up now
[12:08] {GeoArb} ok
[12:08] {GeoArb} you get a few seconds :)
[12:08] {_xzap} I always keep the $COMP.Q, $USQ/TICK, $USQ/TRIN and $VIX charts up
[12:13] {magoo} back
[12:21] {GeoArb} vad found the reference from nasdaq
[12:21] {GeoArb} www.nasdaqtrader.com/content/ProductsServices/Trading/Workstation/rash_strategy.pdf
[12:22] {Threei} letters... words... things to read... :(
[12:22] {GeoArb} heheh page 2 only
[12:23] {GeoArb} looks like what dptl has choses is the best anyway
[12:28] {dptl} that was Dave choses for me i just tald him what i need and thats what he sugest it
[12:28] {dptl} works well
[12:32] {Threei} weirdest chart of the day:
[12:32] {Threei} PRU
[12:33] {hawkfan4} hard to beat that chart
[12:33] {GeoArb} lots of red in my scanners.. not manny greens coming up
[12:33] {hawkfan4} you know dino would've been waiting at 25.55
[12:34] {magoo} actually.355 and misses entry and bitches at me about it
[12:35] {hawkfan4} lol :) the real inside story
[12:35] {Threei} lol
[12:36] {magoo} mkts seem calm or quiet here vad
[12:37] {magoo} calm before the storm
[12:37] {Threei} yes
[12:39] {GeoArb} vad i see that you can run trade ideas from laser
[12:39] {GeoArb} does it connect to laser then?
[12:39] {Threei} connect how?
[12:39] {GeoArb} click and pupulate in LII
[12:39] {GeoArb} i know how to do it externally
[12:40] {Threei} it's the same external link
[12:40] {Threei} how else do tou envision it to work?
[12:40] {GeoArb} wodner why they adding it then.... cant find any docs
[12:40] {Threei} it's just marketing collaboration
[12:40] {GeoArb} ahh
[12:40] {GeoArb} ok
[12:41] {GeoArb} they have been selling themselves cheap all over recently
[12:42] {GeoArb} they have a competitor..... madscan which has a real nifty feature....
[12:42] {GeoArb} it connects to briefing.com api
[12:42] {GeoArb} so with alerts it shows current news automatically
[12:42] {GeoArb} on same row
[12:42] {Threei} I tried it... was very unipmressed
[12:42] {GeoArb} yeah me too
[12:42] {GeoArb} has ways to go in other respect
[12:44] {GeoArb} i just told our guys.... that they should implement that feature...
[12:44] {GeoArb} not willing to change
[12:55] {_xzap} watching to short ZION
[12:55] {magoo} what u stalking lord vader?
[12:55] {Threei} don't see anything defitinive
[12:55] {Threei} everything is jellyoish
[12:57] {magoo} thoughts from here?
[12:57] {Threei} none for now
[12:57] {magoo} your pushing your luk lil man
[12:57] {Threei} lol
[12:58] {magoo} i just took 100 sh bidu long
[12:58] {magoo} 12.46
[12:58] {magoo} stop 211
[12:59] {magoo} risk 1 .5 to get 3
[13:00] {_xzap} in ZION 29.48 short
[13:02] {_xzap} stop 29.7
[13:07] {_xzap} this is like watching grass grow
[13:07] {Threei} why do you think I am in coma
[13:08] {_xzap} top 5 % losers are regional banks
[13:09] {Threei} ok mgas
[13:09] {Threei} my choice is up
[13:10] {Threei} not very much, very fast or very far
[13:10] {Threei} nor for very long
[13:10] {Threei} but up
[13:10] {Threei} your BIDU should tage 214
[13:11] {Threei} maybe 215 if NQ grows a set
[13:11] {magoo} :)
[13:11] {_xzap} stopped out ZION @29.67
[13:11] {Threei} there you go
[13:12] {Threei} 214 on the nose
[13:12] {magoo} still in
[13:12] {Threei} I am out
[13:12] {GeoArb} how many shares mag?
[13:13] {GeoArb} bidu makes my knees weak
[13:13] {Threei} [12:58] {magoo} i just took 100 sh bidu long
[13:13] {Threei} [12:58] {magoo} 12.46
[13:13] {GeoArb} man
[13:13] {magoo} geo..see qqqq chart and aapl rimm bidu charts?
[13:13] {GeoArb} yeah
[13:13] {Threei} I beat you on entry
[13:13] {Threei} now let's see if you beat me on exit
[13:14] {magoo} what entry u get?
[13:14] {Threei} 212.25
[13:14] {Threei} exit 213.91
[13:14] {magoo} afer my call?
[13:14] {Threei} yes, it pulled back into 212
[13:14] {magoo} yup
[13:15] {GeoArb} (little boys club)
[13:15] {GeoArb} mutter mutter
[13:15] {GeoArb} :)
[13:19] {Threei} magoo... what did geo call us?
[13:19] {magoo} out here 214
[13:19] {GeoArb} ummm (little boys TRADING club)
[13:20] {magoo} i wijn
[13:20] {Threei} hmm
[13:20] {Threei} how do you win
[13:21] {Threei} you beat me by 9 cents on exit,
[13:21] {Threei} I beat you by 21 cents on entry
[13:21] {magoo} 214 -212.46
[13:21] {magoo} dammit lol
[13:21] {Threei} by any math know to himanity, I win by 13 cents
[13:21] {Threei} 12... lol
[13:22] {GeoArb} [10:13] {Threei} I beat you on entry
[13:22] {GeoArb} [10:13] {Threei} now let's see if you beat me on exit
[13:22] {Threei} at least in this universe
[13:22] {GeoArb} he said he wins
[13:22] {GeoArb} (on esit)
[13:22] {GeoArb} he didnt say he overall wins
[13:22] {Threei} being literal aren;'t we
[13:22] {GeoArb} lol
[13:23] {magoo} oh..yeah..thats what i meant he he
[13:27] {magoo} brb
[13:28] {Threei} WHITE HOUSE DENIES REPORTS OF G8 MEETING ON TUESDAY
[13:28] {Threei} - Earlier today reports were circulating that President Bush had called for a G8 meeting on Tuesday.
[13:29] {Threei} REPORTEDLY THE TREASURY WILL BEGIN BUYING STAKES IN BANKS "WITHIN WEEKS" - UNCONFIRMED REPORT
[13:29] {Threei} {XLF}
[13:29] {Threei} hmmm
[13:29] {Threei} how does it all props the market?
[13:29] {_xzap} ENER, nice pop
[13:30] {Threei} everything
[13:30] {laserdave1} BIG move up today in market
[13:30] {Threei} not sure what just happened
[13:30] {laserdave1} thats my guess
[13:31] {laserdave1} hey guys
06[13:31] * Threei slaps laserdave1 around a bit with a large trout
[13:31] {_xzap} hi dave
[13:31] {laserdave1} hey
[13:31] {Threei} low liquidity of jewish holiday makes moves exaggerated
[13:32] {Threei} another spike is coming
[13:32] {Threei} (probably)
[13:32] {laserdave1} xzap dcc when u get a ssec
[13:32] {laserdave1} i think we get a squeexe today
[13:32] {Threei} let's
[13:32] {laserdave1} market needs a big up day
[13:32] {Threei} I don't mind
[13:32] {Threei} if we do ADBE should do well
[13:33] {Threei} MS spike
[13:33] {laserdave1} i am now long ADBE
[13:33] {Threei} here comes my spike
[13:34] {laserdave1} qqqq 35$ today
[13:35] {magoo} vad..i just downloaded new laser but need your assistance..log in failed
[13:35] {Threei} click login setup
[13:35] {magoo} i must go to setup correct?
[13:35] {magoo} there
[13:35] {Threei} yes
[13:36] {Threei} executore
[13:36] {Threei} window with server #
[13:36] {Threei} enter 15905
[13:36] {GeoArb} :)
[13:36] {laserdave1} when u download a new version always make sure to change that port
[13:36] {Threei} NQ spike off this pullback
[13:37] {laserdave1} to 15905
[13:37] {laserdave1} magoo
[13:37] {laserdave1} dcc
[13:38] {magoo} it worked ty vad..dave
[13:42] {magoo} any news CME vad??
[13:43] {magoo} if mkt rocked could go 40 pointsRISKI
[13:43] {Threei} no
[13:44] {magoo} big IF tho..could tank to 350 area
[13:46] {_xzap} Apple Expected To Unveil Less Costly MacBooks
[13:47] {Threei} FED'S STERN: CREDIT CARD DEBT SECURITIZATION BY THE MARKET HAS PERFORMED WELL, REGULATION NECESSARY BUT MAY NOT BE 'SUFFICIENT'
[13:47] {Threei} huh?
[13:47] {Threei} it performed so well that regulation is necessary and may not even help?
[13:47] {Threei} what do I miss? :)
[13:49] {_xzap} I can't trade this crazy mess
[13:50] {Threei} come on... look at magoo and trade BIDU with him
[13:50] {Threei} but don't be a wuss he is
[13:50] {Threei} take couple thousand shares
[13:50] {GeoArb} emm vad?
[13:50] {_xzap} uh hu
06[13:50] * Threei is hiding under the rock
[13:50] {magoo} that does itttttttttt....................
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {Threei} but I am under the rock
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {magoo} now?
[13:51] {Threei} but I am under the rock
[13:51] {GeoArb} CRUSH THE ROCK
06[13:51] * magoo slaps Threei around a bit with a large trout
[13:51] {magoo} now
[13:51] {Threei} sigh
[13:51] {magoo} yuor like wack a mole
[13:51] {_xzap} let's watch AAPL for a bounce
[13:51] {Threei} PERUVIAN STOCK MARKET HAS REPORTEDLY BEEN HALTED DUE TO FALL OF MORE THAN 6.5%
[13:51] {Threei} what's with whole world being hatled twice a day
[13:52] {_xzap} slower collapse
[13:52] {_xzap} I say pull the circuit breakers. let it drop and get it over with
[13:52] {magoo} if IF the mkt turns up HARD{risky disclaimer here} 100 sh bidu goog cme could mak big points...i hate CME tho
[13:52] {Threei} AAPL, I'll get interested closer to 91
[13:53] {Threei} possibly under
[13:53] {_xzap} I'm looking at 90.6
[13:53] {magoo} it all depends if we ever get that psycho launch up everyone wants..1000 points
[13:54] {_xzap} not me Mag, I wanna see 1000 down
[13:54] {magoo} sadist he he
[13:55] {_xzap} missed AAPL Vad
[13:55] {magoo} l goog here
[13:55] {magoo} 338.25
[13:56] {Threei} these sudden apikes come out of nowhere
[13:56] {_xzap} I've always found it hard to trade when the mkts are out of synch like today
[13:56] {Threei} no way to foresee them
[13:57] {_xzap} Dow & S&P down, NAS up
[13:57] {_xzap} these spikes are MM's taking people's $$
[13:58] {Threei} hmmm
[13:58] {Threei} that's questionable
[13:58] {_xzap} look at AAPL
[13:58] {_xzap} 1 point run and now pullback
[13:58] {Threei} this would assume that MMs can simply assign prices
[13:58] {Threei} they can't
[13:59] {Threei} price change requires actual trades
[13:59] {_xzap} but they can sit on mkt orders . korect?
[13:59] {Threei} if you imply that all MMs somehow agreed to hit offers at the same time...
[13:59] {Threei} so what?
[13:59] {Threei} how does it explain such spikes?
[14:00] {Threei} don't buy into these conspiracy theories
[14:00] {Threei} how many MMs are there?
[14:00] {_xzap} i dunno
[14:00] {Threei} not 3 and not 10
[14:00] {Chaeron} (let's see... there's red, green, blue... :) sorry
[14:00] {_xzap} LMFAO !
[14:00] {magoo} 2 points goog
[14:01] {magoo} i have 200 sh
[14:01] {_xzap} wtg Mag
[14:01] {Chaeron} gr8 mags
[14:01] {patience} very nice magoo :)
[14:01] {GeoArb} nice
[14:01] {magoo} its what i do
[14:01] {Threei} you think it's really possible they all quickly phoned each other and agreed to do something coordinated at the same time?
[14:01] {GeoArb} heheh vad
[14:01] {Chaeron} they don't even like each other
[14:01] {Threei} it's a dog eat dog
[14:01] {GeoArb} yeah !!!
[14:02] {GeoArb} ask chaer he was one of em
[14:02] {Threei} 2 of them may conspire
[14:02] {Chaeron} Vad showed me the light
[14:02] {Threei} for some particular case
[14:02] {Threei} 20? 200?
[14:02] {Threei} come on :)
[14:02] {_xzap} ok, is it smart money easing in?
[14:02] {Threei} if that possible then goverment organized 9/11
[14:02] {Chaeron} and if 2 conspire, one of them is going to try to screw the other on the deal they agreed on
[14:02] {magoo} out 340.03
[14:03] {_xzap} oh hell no !
[14:03] {Threei} and US never go to the moon,
[14:03] {_xzap} no no no
[14:03] {Threei} it's all Hollywood production
[14:03] {Threei} exactly chaeron :)
[14:03] {_xzap} I don't subscribe to conspiracies
[14:03] {Chaeron} cartels same way
[14:03] {Threei} MMs do make money on oredinary people most of the time, sure
[14:04] {magoo} i do..dino messed up my dsl on tues right vad
[14:04] {Threei} but not because they possess these p;owers to manipulate prices or can conspire to do so
[14:04] {_xzap} BUCY looks good at 32.2
[14:04] {Threei} lol mags
[14:05] {magoo} the prob we are having is everyone BUT everyone wants and EXPECTS a huge rally
[14:05] {magoo} mkt can not allow this to happen..needs few on board
[14:06] {magoo} scary thought is we need to crash again FIRST
[14:06] {magoo} god forbid
[14:06] {magoo} lions and tigers and BEARS OH MY
[14:06] {_xzap} now BUCY is rolling over
[14:07] {_xzap} we have to have a BIG sell off Mag
[14:07] {magoo} scary thought xzazp
[14:07] {_xzap} to shake the few apples left off the tree
[14:07] {magoo} hey..u joining the room bro?
[14:07] {magoo} your pretty good
[14:08] {_xzap} I might but I might wait til there's more vol
[14:08] {magoo} come on..u dont think vads made you the $250 month fee in one day?
[14:08] {GeoArb} is it 250?
[14:08] {_xzap} some days I think I know what I'm doing but wanted someone like Vad to confirm
[14:08] {GeoArb} darn
[14:09] {magoo} well..for me he surcharges 350
[14:09] {GeoArb} whats it now vad?
[14:09] {magoo} on probation from nesi days
[14:09] {_xzap} I thought there was a 1 year free trial
[14:09] {GeoArb} nesi?
[14:09] {magoo} never mind
[14:10] {magoo} i been here awhile
[14:10] {GeoArb} :)
[14:10] {_xzap} BUCY trying again
[14:10] {hawkfan4} lol mags
[14:12] {_xzap} Vad, you like BUCY at 32.2 ?
[14:12] {Threei} only if market resumes upward
[14:12] {_xzap} that could happen any second
[14:13] {Threei} watch how it's holding while market's downticking
[14:13] {_xzap} financials losing sup
[14:14] {Threei} not bad overall
[14:14] {Threei} a bit too volatile but it's stronger than market
[14:14] {Threei} I wouldn't wait for .21
[14:14] {Threei} I'd try to get it aggressively as soon as market turns
[14:14] {Threei} and go for a scalp
[14:15] {Threei} there you go
[14:15] {Threei} .95 in
[14:15] {Threei} offer for a scalp
[14:16] {Threei} much more reliable than breaks in this environment
[14:16] {_xzap} I just used to trading breaks
[14:16] {_xzap} never tried scalping
[14:16] {Threei} different methods for different markets
[14:17] {Threei} pure breaks rarely work in jerky markets
[14:17] {Threei} out .11 and .12
[14:17] {_xzap} but man when this mkt turns, the breaks will be long runs
[14:17] {Threei} yeah but we trade today
[14:17] {Threei} and today this kind of entries works better
[14:17] {Threei} roll with punches
[14:18] {_xzap} understood
[14:18] {_xzap} short JRCC ?
[14:19] {Threei} it's not at the breakdown point
[14:19] {Threei} it would be a chasing here
[14:19] {Threei} let it bounce or consolidate
[14:20] {_xzap} it's been consolidating for quite a while
[14:20] {magoo} my god..shorts are back..cme now avail short..and its crushed
[14:20] {magoo} u think correlation vad
[14:20] {Threei} yes but it was consolidating higher
[14:20] {Threei} not here
[14:20] {Threei} here it's already on the run
[14:20] {Threei} most harmful thing you can do in jerky market is chase
[14:21] {Threei} because of sharp snpabacksa
[14:26] {_xzap} Do you read candles as part of your decision Vad ?
[14:26] {magoo} aapl vad?
[14:26] {Threei} as in japanese candlesticks?
[14:26] {_xzap} yeah, can dlesticks
[14:27] {Threei} nope
[14:27] {magoo} l biduy here .69
[14:27] {magoo} RISKYYYYYYYYYYYYYYY
[14:31] {_xzap} UMPQ at day's low with selling pressure
[14:32] {_xzap} scratch that, no vol
[14:32] {magoo} taking too long
[14:32] {magoo} notr working
[14:32] {Threei} be back in 20 guys
[14:33] {_xzap} in @ 212.69 Mag ?
[14:34] {magoo} out
[14:35] {magoo} yes
[14:35] {magoo} out
[14:35] {_xzap} did it hurt ?
[14:35] {magoo} 'no 100 sh
[14:38] {_xzap} Mag, dcc
[14:44] {laserdave1} mag dcc
[14:45] {_xzap} U.S. technology companies collectively have as much as $250 billion in cash, providing most companies in the sector with a cushion to weather the current liquidity crisis, according to a new report from Fitch Ratings.
[14:48] {GeoArb} ES approaching LOD
[14:48] {magoo} down 200 again..sigh
[14:51] {Threei} back
06[14:51] * Threei passing a tissue to magoo
[14:51] {magoo} u were gone??he he
[14:51] {GeoArb} i gotta figure out the fancy messages
[14:51] {GeoArb} how do you do thaT?
[14:52] {Threei} lol
[14:52] {Threei} use /me command
06[14:52] * GeoArb is awed
[14:52] {Threei} thwre
[14:53] {Threei} ok guys, this is something to laugh hysterically
[14:53] {_xzap} Vad, short UMPQ ?
[14:54] {Threei} too thin
[14:54] {GeoArb} new issue?
[14:54] {Threei} nochart is right, but stock is very thin, imposible to read
[14:54] {Threei} gues what Paulson told in the spring of 2007 to audience at Shanghai exchange
[14:55] {Threei} open markets can allocate resources far better that givermental interventions
[14:55] {Threei} lookie what paulson does just one year later
[14:55] {hawkfan4} lol, why am i not surprised by that?
[14:56] {_xzap} short CQOM below .50?
[14:56] {magoo} scary to short here imo
[14:57] {Threei} CQOM?
[14:57] {magoo} last hour ramp or same as yesterday vad?
[14:58] {Threei} doubt it
[14:58] {Threei} no players
[14:58] {magoo} this constant crash down is getting tiresome
[14:58] {magoo} low volume?
[14:58] {Threei} today doesn't count
[14:58] {Threei} look at the volume
[14:58] {Threei} holiday
[15:00] {_xzap} Vad, the next call you make can you tell me why and whay you're looking at ?
[15:00] {_xzap} I'm trying very hard to learn your technique
[15:00] {Threei} zap... there are books and courses without which you won't
[15:01] {Threei} you are trying to reverse-endenier it
[15:01] {Threei} enginier
[15:01] {Threei} grrr... spell it someone for me, lol
[15:01] {_xzap} ok, tell me why not to short QCOM
[15:01] {Threei} why not learn theory first, then try to apply it in lpractice
[15:01] {Threei} who said not to shor tit?
[15:02] {magoo} emementeneer vad
[15:02] {Threei} 40.50 was clean short trigger
[15:02] {hawkfan4} it thought it was reigndeer
[15:02] {magoo} i did
[15:02] {Threei} sigh
[15:02] {magoo} worry about snap back violenrt ramp here
[15:03] {Threei} sheesh... I see now... you aksed about CQOM
[15:03] {Threei} I checked out, no such symbol
[15:03] {Threei} I asked
[15:03] {Threei} you never corrected
[15:03] {_xzap} oh
[15:03] {Threei} so I look at QCOM just now
[15:03] {Chaeron} lol
[15:03] {Threei} [14:56] {_xzap} short CQOM below .50?
[15:03] {Threei} [14:57] {Threei} CQOM?
[15:03] {_xzap} can I say dammit in here
[15:04] {magoo} sorry xzap
[15:04] {_xzap} not your fault Mag
[15:04] {magoo} everythings falling
[15:04] {magoo} aapl rimm bidu
[15:04] {magoo} goog
[15:04] {_xzap} I jsut thought I saw the sell off coming
[15:04] {magoo} good read
[15:05] {_xzap} I've been watching the TRIN creep up
[15:05] {_xzap} that is one tell you can count on
[15:05] {_xzap} my scanners help a lot too
[15:07] {_xzap} we should close today with the Dow in the 8's
[15:11] {Threei} watch QCOM for bounce off 40
[15:11] {Threei} first strength from here with NQ greening
[15:12] {Threei} stop under 39.90
[15:12] {magoo} jesus down 309
[15:12] {magoo} dow 8900
[15:13] {_xzap} in 39.78
[15:14] {Chaeron} do we put on our DOW 8000 hats now or.......?
[15:14] {Threei} I lost mine
[15:14] {Threei} it's been a while
[15:14] {Chaeron} I have my DOW 12000 hat for sale on ebay... no bids
[15:15] {hawkfan4} lol
[15:15] {GeoArb} who was the guy who wrote the book dow 36000
[15:15] {_xzap} out 39.97
[15:15] {Threei} half out at least zap
[15:15] {Threei} good exit
[15:16] {_xzap} thx vad
[15:16] {GeoArb} ahh yeas kevin hassett... currently a senior economic advisr to mccan
[15:16] {_xzap} IN this mkt those whole numbers will get ya
[15:18] {_xzap} remember all the "experts" calling for the Dow 15000 by year's end?
[15:19] {GeoArb} no kidding.... we might actually need the 8000 hat
[15:19] {Threei} S&P PLACES GMAC AND GM ON NEGATIVE WATCH
[15:19] {Threei} oh good
[15:19] {GeoArb} whats that?
[15:19] {_xzap} you know my number, Dow 7500
[15:19] {Threei} here goes autoindustry
[15:20] {Threei} wait... it's already gone
[15:20] {Onix} yes F @ 2.30
[15:20] {Onix} nearly off the map
[15:21] {GeoArb} man
[15:21] {_xzap} I think we'll close today around 8740
[15:23] {Threei} Long Setup: ADBE .40 if stays above .25
[15:24] {_xzap} in 29.37
[15:24] {magoo} in'
[15:24] {_xzap} offered at .50
[15:24] {_xzap} out
[15:25] {_xzap} thank you Mr. Vad
[15:25] {Threei} sure
[15:25] {peterg} made .09 with limit on entry tks
[15:25] {Threei} stinkin' scalpers... that's because of you market can't go up
[15:25] {GeoArb} nice peteg
[15:25] {Threei} you and shorters
[15:25] {peterg} tks geo
06[15:25] * GeoArb is embarrassed
[15:26] {peterg} great color!
[15:26] {GeoArb} 3i is throwing out accusations
[15:27] {_xzap} what brought that to your attention Vad?
[15:27] {Threei} that's because I like assigning blame
[15:27] {Onix} ty Vad, made 10c on ADBE :)
[15:27] {Threei} for global warming... for low production of ivory buttons in Argentina... for steroids untimely death in upper layers of atmosphere
[15:27] {_xzap} watch AA to drop
[15:27] {Threei} welcome onix
[15:28] {Threei} zap... this is one of stocks I wantch constantly these days
[15:28] {_xzap} k
[15:29] {magoo} they will not buy close on friday to hold over weekend
[15:29] {magoo} so rally postponed
[15:29] {_xzap} AA short Vad ?
[15:30] {Threei} come on
[15:30] {Threei} 50 cents verticasl drop
[15:30] {Threei} you want to short ast the low of such parabolic move
[15:30] {Threei} ?
[15:33] {Threei} oil barely above 86?
[15:33] {hawkfan4} 84.92
[15:34] {Threei} wow, really?
[15:34] {hawkfan4} yep, now 85.04
[15:34] {Chaeron} yea for the speculators!!!!
[15:34] {Threei} lol
[15:34] {GeoArb} heheh chaeron
[15:35] {Threei} gold is down too I see
[15:35] {Chaeron} well, they're the ones responsible for shorting it down to here, no???
[15:35] {Threei} or my quotes lie?
[15:35] {GeoArb} i thought you were on eof em
[15:35] {Chaeron} it's all a lie
[15:35] {Threei} now .30 breakdown is a short on AA
[15:36] {Threei} after some consolidation
[15:36] {GeoArb} fast
[15:36] {_xzap} so you would not have shorted at 13.8 ?
[15:36] {Threei} 13.80?
[15:36] {Threei} it was .50 when you asked
[15:36] {Threei} .80 I would, it was breakdown
[15:37] {_xzap} [15:27] {_xzap} watch AA to drop
[15:37] {Threei} [15:29] {_xzap} AA short Vad ?
[15:37] {Threei} [15:30] {Threei} come on
[15:37] {Threei} this is what I replied to
[15:38] {_xzap} I was throwing a watch out there
[15:38] {Threei} OK, then to avoid misunderstanding, insert a price in your question
[15:38] {Threei} you ask it, I look
[15:38] {Threei} see sharp drop
[15:38] {_xzap} understood
[15:39] {patience} oil might be in the 70's by the time dino gets back on monday
[15:39] {Threei} I suppose he won't be crying
[15:40] {_xzap} not far from 8740
[15:40] {Threei} hmmm... BRK.A is down $28,000/share
[15:41] {hawkfan4} buy for a bounce scalp?
[15:41] {_xzap} prob. why the Buffet effect didn't work on GE
[15:41] {Threei} try to bid inbetween the spread
[15:41] {Chaeron} yeah... I'm short small lot... 1000s :) (wishing)
[15:41] {dptl} :)
[15:42] {Threei} ADBE sharp drop, bounce canddiate
[15:42] {_xzap} Hey Vad, do we short AA under 13
[15:42] {Threei} I don't
[15:42] {Threei} it fell much less than market did
[15:42] {Threei} relative strength
[15:42] {Threei} it's more likely to bounce than continue down
[15:43] {Threei} grabbed quick 18 cents scalp ADBE
[15:45] {Threei} -568
[15:45] {Onix} wtg
[15:45] {Threei} it's a bit too much
[15:45] {Threei} your normal garden variety day is -350
[15:45] {hawkfan4} Alan Farley
[15:45] {hawkfan4} VIX over 60 (oh my!)
[15:45] {hawkfan4} 10/9/2008 3:40 PM EDT
[15:45] {hawkfan4} This is the part where frogs fall from the sky and the rivers turn to blood....
[15:45] {hawkfan4} Position: flat
[15:46] {Threei} lol Alan
[15:46] {Threei} selling accelerating
[15:47] {Threei} too bad it's just 15 min till eod
[15:47] {_xzap} this is a good thing
[15:47] {Threei} if we had couple hours to go, that would be verry interesting moment to play
[15:47] {GeoArb} man
[15:47] {GeoArb} my poor 401s
[15:47] {GeoArb} :)
[15:48] {magoo} how can days play out same
[15:48] {magoo} sell off yesterday'
[15:48] {magoo} are we idiots?
[15:48] {magoo} short big $$
[15:48] {GeoArb} damned shorts
[15:48] {patience} what we know for sure is governments are prepared to keep pouring money in...
[15:48] {Threei} [15:48] {magoo} are we idiots?
[15:49] {Threei} ummm
[15:49] {Chaeron} }{
[15:49] {dptl} oops..:)
06[15:49] * GeoArb is not touching that
[15:49] {_xzap} VAd, do we short AA now ? LOL
[15:49] {Threei} as tempting as it is to say of course...
[15:49] {Threei} we are positive 3 days out of 4 this week
[15:50] {Threei} find me many mrket participants who can say it this week
[15:50] {Onix} how about that RGLD hey!?
[15:51] {Threei} instead of grinning, you coluld be pocketing 30 cents bounce on AA right now, zap :)
[15:51] {_xzap} I'm just messin' w/ya Vad, I knew I should have taken that trade
[15:51] {Threei} I mean 40 cents
[15:51] {Threei} I mean 50
[15:51] {_xzap} I won't trade this close to the close
[15:51] {Threei} etc... you got the drift
[15:52] {Threei} now you can try and short it
[15:52] {Threei} small
[15:52] {GeoArb} looked like a dino trade
[15:52] {_xzap} done for the day
[15:52] {Threei} okay then
[15:52] {GeoArb} sheesh
[15:53] {GeoArb} some guy said they have a new name for company plans
[15:53] {Threei} -627 DJI
[15:53] {GeoArb} 201K
[15:53] {Threei} lol
[15:53] {dptl} red october :)
[15:53] {_xzap} I don't know why it didn't come across the wire, but there was negative news on AA when I said watch it to fall
[15:53] {Threei} lol dp
[15:54] {dptl} :)
[15:54] {Threei} GM under 5
[15:54] {Threei} this is national shame
[15:54] {GeoArb} why?
[15:55] {_xzap} THis was published just now: Standard & Poor's lowered its outlook on Alcoa Inc. (AA) to negative, but affirmed all ratings for the largest U.S. aluminum producer.
[15:55] {_xzap} Alcoa shares were down 12.6% to $12.85 in recent trading.
[15:55] {Chaeron} you're a Canadian... what do you care? :)
[15:55] {Threei} it's GM for pete's sake
[15:55] {GeoArb} lol chaeron
[15:55] {_xzap} GM will be taken over by the Chinese
[15:55] {Threei} I drive Nissan... sop not much
[15:55] {Threei} but sheesh
[15:55] {magoo} who reports tonight ?
[15:55] {GeoArb} they will go bankrupt
[15:56] {GeoArb} renegotiate the contracts
[15:56] {Threei} they aren't too big to fall?
[15:56] {patience} vad, have a look at abx.to chart...i managed to hold it without cracking today....
[15:56] {GeoArb} and come back strong
[15:56] {Threei} wow patience
[15:56] {patience} big amount of options
[15:56] {patience} i hate it when my knees start knocking
[15:56] {GeoArb} how do we get to see the chart
[15:57] {patience} look at abx on the american side i guess...won't be exactly the same
[15:57] {_xzap} http://stockcharts.com/h-sc/ui?s=ABX.TO&p=D&yr=1&mn=0&dy=0&id=p68140005261
[15:57] {Threei} mags... no one significant
[15:57] {Threei} unless HRLY is
[15:58] {GeoArb} thansk
[15:58] {Threei} did we just bounce 40 p;oints on NQ?
[15:59] {hawkfan4} just about
[15:59] {Threei} unbelievable volatility
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {_xzap} u 2 dp
[15:59] {GeoArb} very intresting day
[15:59] {patience} yup
[15:59] {GeoArb} coming back down in last min
[16:00] {Threei} OK guys... we have one more day to be amused tomorrow
[16:00] {Threei} thank you all
[16:00] {_xzap} I know some don't agree with me, but I think today's sell off was a good thing
[16:00] {Threei} why, we agree
[16:00] {Onix} thanks & bye
[16:00] {_xzap} oh, OK Vad
[16:00] {Threei} flush is good for removing overhead on the way up
[16:00] {_xzap} c ya Onix
[16:01] {Threei} have a good evening, see you all tomorrow
[16:01] {_xzap} see ya Vad
[16:01] {_xzap} lte guys & girls

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