Oct 13 2008

Session Time: Mon Oct 13 00:00:00 2008

[07:49] {magoo} morning
[07:49] {Threei} Good morning
[07:51] {magoo} we got what we feard fri..huge gapper
[07:51] {Threei} yeah
[08:07] {Threei} MS
[08:07] {Threei} REPORTEDLY MITSUBISHI STILL AIMS TO PURCHASE 21% STAKE IN COMPANY, NO CHANGE IN INVESTMENT SIZE VS ONGOING DEAL TALK
[08:07] {Threei} -Preferred shares said to yield 10% to Mitsubishi{MTU}
[08:29] {magoo} cramer saying dow target 4400...
[08:29] {magoo} whats he trying to do?
[08:30] {Threei} sigh
[08:33] {Threei} FED'S HOENIG: TREASURY BANK AID PLAN IS 'DAUNTING'
[08:37] {Threei} FED'S HOENIG: FINANCIAL SERVICES INDUSTRY HAS TO STEP UP AND HELP RESTORE MARKET STABILITY
[08:37] {Threei} - Regulatory agencies around the world must take care not to over-react.
[08:37] {Threei} - The bank supervisory structure did not cause the credit crisis.
[08:37] {Threei} - Supports a rules-based not a principle-based set of regulations.
[08:37] {Threei} - The US Treasury and the Fed can not solve the crisis alone.
[08:37] {Threei} - While the TARP plan is daunting, believes the program will help deal with the crisis.
[08:38] {Threei} (CA) CANADIAN FIN MIN: ALL NECESSARY STEPS WILL BE TAKEN TO MAINTAIN STABILITY IN THE FINANCIAL SYSTEM
[08:38] {Threei} GE
[08:38] {Threei} CEO: GLOBAL FINANCIAL SYSTEMS ARE STRONGER NOW THAN THEY WERE FOUR WEEKS AGO
[08:38] {Threei} yeah?
[08:42] {cosmo} .... back up the truck...
[08:48] {cosmo} APWR
[08:48] {cosmo} 5.40 pre mkt spike high fyi
[08:49] {dino} gm all, seems i missed a crazy one
[08:49] {Threei} no kidding dino
[08:49] {cosmo} tulips soon dino
[08:49] {Threei} unprecedented volatility
[08:50] {dino} lol
[08:50] {dino} in any case, back to work
[08:53] {cosmo} NVDA pre mkt high = 7.40 fwiw
[08:53] {dino} who got the govt cdo contract for market, cme or ice?
[08:54] {Threei} (GE) GERMAN GOVT CONFIRMS IT WILL PROVIDE UP TO €500B IN GUARANTEES, CAPITAL FOR BANKS
[08:54] {Threei} - Bailout plan is in accord with other EU nations
[08:54] {Threei} - Bailout packages mature on Dec 31, 2009
[08:54] {Threei} - Notes foreign banks' German units are also included in plan
[08:54] {Threei} - Bundesbank will ensure liquidity of money market funds
[08:54] {Threei} - Govt also targets taking direct stakes in banks, revising balance sheet regulations for banks
[08:54] {Threei} - Govt also plans to set up a special financial market stabilization fund
[08:54] {Threei} - Reportedly the German Cabinet approved bank sector rescue plan
[08:54] {Threei} - Note: Earlier today, it was speculated that the German financial market rescue package would total €470B and Germany would provide €400B in bank guarantees, €70B in bank capital
[08:54] {peterg} morning
[08:54] {Threei} peter :)
[08:55] {Threei} (IT) ITALY REPORTEDLY TO PLACE OVER €20B TO SUPPORT BANKING SYSTEM
[08:56] {Threei} told ya... they'll throw any kind of money at this
[09:03] {hawkfan4} morning all
[09:03] {Threei} hawk :)
[09:03] {magoo} H
[09:03] {magoo} A
[09:03] {magoo} W
[09:03] {magoo} K
[09:03] {hawkfan4} :)
[09:04] {peterg} having too much fun, smiling not crying
[09:04] {magoo} they freeze up in mkt hours u could be slaughtered today
[09:08] {cosmo} Q
[09:08] {peterg} what is symbol for FORD?
[09:09] {peterg} 90 y/o father bought 1K sh on Friday for a bounce, he hopes
[09:09] {peterg} swinger, that one
[09:09] {magoo} uses viagra?
[09:09] {magoo} at 90
[09:09] {peterg} didn't ask
[09:10] {dino} everywhere contries are flooding the world w/money
[09:10] {peterg} looks like symbol for ford is ford
[09:10] {dino} f
[09:11] {magoo} f u too dino.sheesh
[09:11] {peterg} thks dino & welcome back
[09:13] {Threei} (AS) AUSTRIAN CHANCELLOR: AUSTRIA WILL IMPLEMENT A €100B FINANCIAL MARKET RESCUE PLAN
[09:13] {Threei} - The package will provide support for the banking system, mainly via guarantees.
[09:13] {Threei} - To limit short-selling
[09:14] {Threei} (FR) FRENCH PRES SARKOZY: A FRENCH ENTITY WILL BE CREATED IN ORDER TO ASSIST BANKS
[09:14] {cosmo} ah... templars
[09:16] {dptl} morning all
[09:17] {Threei} dp :)
[09:17] {Threei} GM
[09:17] {Threei} CLOSING WISCONSIN SUV PLANT, AFFECTING 1,200 JOBS
[09:17] {peterg} does it say where in Wis?
[09:18] {cosmo} SUV's need to be lighter and more sporty ...that's all
[09:18] {Threei} no
[09:19] {peterg} looks like Janesville
[09:19] {GeoArb} gmall
[09:19] {Threei} geo :)
[09:21] {Threei} IMO, the only way to deal with this gap is wait out the open
[09:21] {cosmo} nvda tests 7.40
[09:21] {Threei} if we get wild swing as we saw on Friday, it's a buy on extreme spike down
[09:22] {Threei} but I doubt Fri opening wqill repeat today
[09:24] {Threei} GM, quite a gap
[09:25] {Threei} DELL is fairly meek
[09:25] {Threei} MS... jeez
[09:26] {Onix} Good moring all
[09:26] {Threei} LOL, GS lowers oil price to 65
[09:26] {Threei} Onix :)
[09:26] {Threei} weren't they predicting 200 on the way up
[09:27] {hawkfan4} time to buy oil
[09:27] {Threei} not yet IMO
[09:27] {magoo} they are prudent vad..trailing the target he he
[09:27] {Threei} uhhu
[09:28] {GeoArb} MS !
[09:29] {peterg} tempted to chase but remained strong
[09:29] {peterg} good me
[09:30] {peterg} very exciting spike
[09:30] {peterg} lots today spose
[09:31] {Threei} watching ADBE pullback
[09:32] {Threei} should follow lower
[09:33] {Threei} if not losing .70, half lot long when NQ reeverses
[09:33] {Threei} argh
[09:33] {Threei} don't chase
[09:35] {Threei} 29 long smaller shares, stop under .80
[09:37] {Threei} (RU) RUSSIA RTS EXCHANGE HALTS TRADING UNITL TOMORROW
[09:37] {Threei} {RSX }
[09:37] {ese} good morning......
[09:37] {Threei} ese :)
[09:37] {ese} slept through my alarm
[09:37] {ese} whats happenin
[09:37] {ese} things lookin up
[09:38] {Onix} in ADBE @ .21
[09:38] {Threei} .21??
[09:38] {Onix} .01 i mean
[09:38] {Threei} WHEW
[09:38] {Threei} scarewd the living daylight out of me
[09:38] {Onix} me too!
[09:39] {Threei} Long Setup: NVDA .65 if stays above .55
[09:39] {Threei} (IT) ITALY PM BERLUSCONI: COUNTRY HAS METHODS TO AVOID MARKET TURMOIL AFFECTING THE REAL ECONOMY
[09:40] {Threei} yeah, we heard his methods... halt all exchanges
[09:40] {magoo} out adbe .45 TY vad
[09:40] {GeoArb} he must be russian
[09:40] {Threei} welcome mags
[09:40] {Onix} ty VAD got .47
[09:40] {Threei} cool beans
[09:40] {Threei} you guys are good
[09:41] {magoo} good mentor
[09:41] {Threei} who would that be... I better hire him
[09:41] {Threei} dell
[09:42] {magoo} vad..news CME?
[09:43] {Threei} no
[09:43] {Threei} gettinf feeling ADBE is going much higher
[09:43] {magoo} u in?
[09:43] {Threei} didn't reallt poulled back this time with NQ
[09:43] {Threei} .50 break, will try
[09:43] {Threei} very risky
[09:44] {Threei} half out .71
[09:44] {Threei} offering the balance .95
[09:44] {Threei} stop under .40
[09:45] {magoo} going long .95 for breakout
[09:45] {magoo} HE HE
[09:45] {Threei} lol
[09:45] {magoo} watching AAPL for bounce
[09:45] {magoo} give me a read vad
[09:46] {Threei} toughie
[09:46] {magoo} he he ya rthink?
[09:46] {dino} banks rolling over
[09:46] {Threei} changing to 1/4 out at .95
[09:47] {Onix} Vad, do you use the symbol NQ or is there more?
[09:47] {magoo} easing in 1/4 .95
[09:47] {Threei} rofl mags
[09:47] {Threei} onix, you have futurtes feed?
[09:47] {Threei} 1/4 out
[09:47] {Onix} i use QQQQ
[09:47] {ese} long ATVI
[09:47] {ese} .49
[09:47] {Threei} if you don't have separate futures feed you won't get NQ quotes
[09:48] {ese} 3/4
[09:48] {Threei} QQQ is good enough as proxy
[09:48] {Threei} out in full ADBE
[09:48] {GeoArb} nice vad
[09:48] {Onix} ty
[09:48] {Threei} .28
[09:48] {Threei} +.77
[09:48] {Onix} wtg Vad!
[09:48] {dino} gj
[09:50] {Threei} tempted to short RIMM 59.5 breakdown
[09:50] {ese} stop .40
[09:50] {Threei} with stop above .75 - .80 zone
[09:51] {Threei} 1:1 quickly
[09:51] {Threei} out .18
[09:51] {Onix} missed that one
[09:51] {Threei} a bit too early
[09:51] {Threei} argh'
[09:51] {GeoArb} nice and sweet
[09:51] {ese} stopped .40 -.09 hmmmmm
[09:51] {magoo} just feel like should be playing more long on bounces
[09:51] {magoo} but..i could be sucker
[09:52] {GeoArb} in .46 out .05
[09:52] {Threei} wtg Geo
[09:52] {Threei} beat my exit
[09:52] {GeoArb} scaled on .16 too
[09:52] {Threei} look how well ADBE is holding
[09:53] {Threei} RIMM dollar
[09:53] {Threei} {--- crying
[09:53] {GeoArb} wow rimm
06[09:53] * GeoArb joins 3i
06[09:53] * Threei passes Geo a tissue
[09:54] {hawkfan4} lol
[09:54] {GeoArb} hmm so _xzap didnt continue?
06[09:54] * Threei is looking around
[09:54] {Threei} OK{ bounce time RIMM
[09:54] {Threei} in .95
[09:55] {Threei} stop under .90
[09:55] {Threei} ADBE... starts feeling like buy and hold, lol
[09:55] {Onix} in @.01
[09:58] {Threei} half out RIMM .40
[09:59] {Onix} grabbed only .17 on RIMM
[09:59] {Threei} out in full .96
[10:00] {Threei} half lot ADBE long .15
[10:00] {Threei} stop under 30
[10:01] {Threei} in
[10:01] {magoo} in
[10:01] {dino} v sm wide cme l 9.00
[10:02] {Onix} in ADBE @ .15
[10:02] {Threei} if works, not a scalp for me
[10:04] {Threei} no worky
[10:05] {Onix} stopped ADBE
[10:07] {GeoArb} sheesh was a 12 point down spike on NQ
[10:14] {GeoArb} .
[10:18] {Onix} am i still logged in here?
[10:18] {Threei} no
[10:18] {dino} y
[10:18] {magoo} no
[10:18] {Onix} ty
[10:18] {Threei} let's vote on that?
[10:20] {Threei} Long Setup: AA .70 half lot
[10:20] {Threei} if stays above .50
[10:21] {magoo} in
[10:21] {Onix} in
[10:26] {Threei} let's trail it to under .60
[10:26] {Threei} taking too long
[10:27] {magoo} exit area?
[10:27] {Threei} looks fairly capable of going closer to 13
[10:28] {Threei} buty so far hesitates too long for my taste
[10:29] {magoo} especially on naz spike
[10:29] {Threei} better now
[10:29] {Threei} 1:1
[10:29] {Threei} I am out .92
[10:30] {GeoArb} all out .91
[10:30] {GeoArb} TY vad
[10:30] {Threei} welcome
[10:32] {Threei} kind of missed DELL
[10:32] {Threei} it's morning weakness tunred me off
[10:32] {Threei} but later on it gained strength
[10:32] {Threei} quite nice steady climb
[10:33] {Threei} if NQ breaks, let's try .38 with stop under .30
[10:33] {Threei} ADBE fooled us, eh?
[10:33] {magoo} out AA .91 here
[10:34] {magoo} got second chance
[10:34] {dino} out cme 390.20, +10.20
[10:34] {Threei} ok, good pullback NQ here, allows us to see which ones are holding right under high for a break
[10:34] {Threei} eeck
[10:34] {Threei} dino... that's indecent
[10:34] {dino} :)
[10:35] {dino} 389.20 that is
[10:35] {GeoArb} i guess golf vacation helped :)
[10:35] {hawkfan4} wow, nice dino
[10:35] {Threei} ADBE
[10:35] {dino} lucky
[10:35] {Threei} thing is aiming for 31 if market breaks out here and it takes .50
[10:36] {Threei} would prefer pullback entry
[10:36] {Threei} let's see if we can nail one
[10:36] {Threei} same with DELL
[10:37] {Threei} NQ is forming C&H hopefully
[10:37] {Threei} 1346 will complete it
[10:39] {Threei} ADBE closest support .30
[10:39] {dino} jpm sm l .45
[10:39] {Threei} NQ is determined
[10:41] {GeoArb} so did we take break of .5?
[10:42] {Threei} we?
[10:42] {Threei} are we rading as a single entity?
[10:42] {GeoArb} i did
[10:42] {Threei} trading
[10:42] {GeoArb} yes we are raiding
[10:42] {Threei} stop under .30
[10:42] {GeoArb} out half
[10:43] {GeoArb} ahhhhh
[10:43] {GeoArb} crossed vads monthly fees
[10:43] {Threei} today?
[10:43] {GeoArb} yeah
[10:43] {Threei} in one day? what I charge for a month?
[10:44] {GeoArb} yesh
[10:44] {GeoArb} pls dont increase it pls pls
06[10:44] * Threei sends a memo to sales/marketing department
[10:44] {ese} UAUA taking of
[10:45] {GeoArb} wow chaeron late today
[10:48] {Threei} market sharp downticks
[10:48] {Threei} maybe time to rest a little
[10:49] {dino} jpm stopped -.40\
[10:49] {Threei} CHRYSLER CEO: COMPANY HAS BEEN APPROACHED BY OTHER COMPANIES FOR POSSIBLE AGREEMENTS
[10:49] {Threei} {F GM}
[10:51] {Threei} Long Setup: PRU .50 small shares, if holding above .30
[10:53] {GeoArb} drat missed
[10:56] {Chaeron} good morning all
[10:56] {Threei} out .92
[10:56] {Threei} Chaeron :)
[10:56] {Chaeron} missed some nice ones I see...
[10:56] {GeoArb} hey cchaeron
[10:56] {Threei} wow, even that too early
[10:57] {GeoArb} sheesh
[10:57] {Threei} stocks start doing what I told you they would at some point
[10:57] {Threei} just go, go and go
[10:57] {dptl} he he out.54 +1.00..ty
[10:57] {Threei} sheesh
[10:57] {GeoArb} nice dp !!
06[10:57] * Threei slaps Threei around a bit with a large trout
[10:58] {Threei} welcome dp :)
[10:58] {Chaeron} great one dp
06[10:58] * GeoArb slaps Threei around a bit with a large trout
[10:58] {Chaeron} great call Threei
[10:58] {dptl} ty
[10:58] {Threei} will take us a few to switch to this kind of thinking,
[10:58] {Threei} and really need more than one day
[10:59] {Threei} to make sure it's a new market mode
[10:59] {Threei} but we will get there, this bull market once it takes rot will not be over in a week or month
[10:59] {Threei} rot = root
[10:59] {Threei} sigh
[10:59] {GeoArb} tkaes rot hehehe
[10:59] {GeoArb} oops
[10:59] {Chaeron} yeah... and your typing is so much better LOL
[11:00] {Threei} look who is talking, lol
[11:00] {Chaeron} :P
06[11:00] * GeoArb goes ina corner and counts his money
[11:00] {Threei} "tkaes" really adds irony, eh chaeron? :)
[11:01] {Chaeron} classic
[11:01] {GeoArb} ok ok
[11:01] {GeoArb} :0\
[11:04] {GeoArb} maaan PRU
[11:06] {Threei} RIMM
[11:07] {Threei} 59 .10 long
[11:07] {Threei} if stays above 58.85
[11:10] {Threei} let's modfiy it
[11:10] {Threei} 59 break
[11:11] {Threei} US TREASURY CONFIRMS MEETING WITH FED AND MARKET PARTICIPANTS FOR FINAL DETAILS TO STABILIZE FINANCIAL MARKETS
[11:12] {Threei} RIMM invalidated
[11:15] {dino} amzn sm l .00
[11:18] {magoo} since its report..rimm just hasnt had it
[11:19] {Threei} WSJ: QATAR WILL INJECT APPROX $6B IN CAPITAL INTO BANKS
[11:19] {Threei} - reminder: over the weekend, it was reported that the U.A.E. said that it would inject funds into banks if necessary. {USD/GCC}
[11:19] {Threei} I start feeling ashamed I am not injecting liquidity in banks
[11:19] {Threei} everyone else does
[11:20] {GeoArb} i love this new term
[11:20] {Onix} i will leave that to Uncle Sam to do for us
[11:20] {magoo} not me..i injected liquidity in stock mkt for 9 yrs
[11:20] {GeoArb} injecting liquidity
[11:20] {GeoArb} sounds so clinical
[11:20] {Threei} lol
[11:20] {GeoArb} lol magoo
[11:20] {Onix} i have also injected way too much already
[11:28] {dino} you guys crack me up, missed it
[11:28] {Threei} :)
[11:29] {GeoArb} ok last one
[11:29] {GeoArb} vad can edit it later :)
[11:29] {Onix} has it ever happened before that the government buys stocks directly?
[11:30] {GeoArb} injecting liquidity..... is that what they call love nowadays?
[11:30] {dino} yes
[11:30] {Chaeron} Onix, I don't know but I wish I were their broker
[11:30] {dino} many govt. do this
[11:31] {Onix} i think it is Paulson who wants to buy some GS
[11:31] {GeoArb} lol chaeron
[11:31] {dino} think govt pensions that are allowed to invest in markets
[11:31] {GeoArb} didnt it happen to chrysler? not sure
[11:31] {Onix} to help his old buddies
[11:31] {Onix} and maybe he still has lots of shares in GS
[11:32] {GeoArb} the timing kinda sucked.... bailout right before GS plunge
[11:32] {GeoArb} they let the others die
[11:32] {dino} amzn stop to .40
[11:32] {dino} we all die geo
[11:32] {GeoArb} :)
[11:33] {GeoArb} after payint taxes.....
[11:33] {GeoArb} the irony doesnt escape me
[11:33] {Onix} maybe that is why they now want to change the use of the 700B bailout
[11:33] {GeoArb} now i will pay interest to banks to lend me my taxpayer money
[11:33] {dino} lol
[11:33] {dino} out amzn serious slip, .61 +.61, stop was trailed to .70
[11:34] {GeoArb} nice dino
[11:34] {Onix} wtg dino
[11:34] {dino} ty
[11:42] {dino} acas sm l .80
[11:42] {Threei} a lot of relentless slow climbs
[11:43] {magoo} yeah..up big but was mosly gap
[11:43] {Onix} no great pulbacks
[11:43] {Threei} no, I mean those that continue climbing intraday
[11:43] {Threei} like SBAC
[11:43] {Threei} JRCC
[11:44] {Threei} EQIX
[11:44] {Threei} etc
[11:45] {Threei} ADBE tired
[11:45] {Threei} short candidate if/when market decides to pull back finally
[11:45] {Onix} quiet accumilation in some?
[11:45] {Threei} 30 breakdown
[11:50] {magoo} in
[11:51] {Threei} in what?
[11:51] {magoo} lil aggresive sh adbe
[11:52] {magoo} .06
[11:53] {Onix} in .98
[11:53] {magoo} out .98 lol
[11:53] {Onix} adbe ss
06[11:53] * Threei slaps magoo around a bit with a large trout
[11:53] {magoo} kidding lol
[11:55] {Onix} out .92 adbe
[11:55] {dino} amzn sm l .05
[12:03] {GeoArb} nice day thanks vad and all
[12:03] {GeoArb} bye
[12:03] {Threei} take care geo
[12:03] {Chaeron} bye Geo
[12:04] {hawkfan4} l8r geo
[12:08] {magoo} laaa....eight......er.....oh..i get it
[12:08] {hawkfan4} {==extra clever today
[12:09] {Threei} lol
[12:10] {dino} out amzn .45, +.40
[12:10] {Onix} gj
[12:10] {dino} ty
[12:10] {magoo} l rimm here .43
[12:11] {Threei} SBAC
[12:11] {Threei} smaller shares 18 long
[12:11] {Threei} stop under .80
[12:12] {dino} acas stop to .88
[12:13] {magoo} hoping 60 artea
[12:13] {magoo} stop .94
[12:15] {magoo} out here
[12:15] {magoo} .82 ty vad
[12:15] {Threei} for what?
[12:16] {magoo} just BEING there
[12:16] {Threei} oh
[12:16] {Threei} can I limit my participation to that?
[12:16] {Onix} please no
[12:16] {Threei} lol
[12:16] {dino} out acas +.08
[12:19] {Onix} slow one
[12:19] {dino} yeah, thats why tight, be done
[12:36] {Threei} yawn
[12:36] {Threei} anything's moving out there?
[12:36] {Chaeron} DRYS?
[12:36] {Onix} not a soul is stirring
[12:36] {Chaeron} vol too low tho now
[12:37] {Threei} overall, I am not imressed with market volume so far
[12:37] {Chaeron} Columbus Day... everyone out eating pasta
[12:38] {Threei} oh
[12:38] {Onix} and Thansgiving in Canada ... what a way to spend it ... trading!
[12:38] {Threei} we canucks are having Thanksgiving today
[12:38] {Threei} yeah
[12:38] {Threei} well... my consolation comes when it's Thanksgiving in USA
[12:39] {Threei} whole Canada is working, and I am having long weekend
[12:39] {GeoArb} back
[12:39] {Threei} quick, everyone
[12:39] {Threei} hide your winning trades
[12:39] {GeoArb} sheesh
[12:39] {Onix} lol
06[12:39] * GeoArb would have shared
[12:40] {Threei} and we would have taken
[12:42] {Onix} SBAC fooled us
[12:42] {Threei} invalidated and broke
[12:42] {Threei} oh well
[12:43] {Onix} life's like that sometimes
[12:58] {dino} ice sm s .50
[13:02] {dino} stopped -.40
[13:02] {Threei} too bad you haven'ty been here for ICE last week
[13:03] {Threei} misunderstood news, killed it... then deatils appeared, took it all the way back
[13:04] {dino} hmmm
[13:05] {Threei} can you imagine 1000 points daily range, dino?
[13:06] {dino} when i left we were doing 500-700. which was unbelievable
[13:07] {Threei} most stunning element was the speed with which market went through the range
[13:08] {Threei} literally in minutes
[13:08] {Threei} that was something out of sci-fi
[13:08] {Threei} teleportation
[13:09] {Threei} Paulson: beam me up Benny!
[13:09] {dino} lol
[13:09] {dino} i watched a little between rounds, was moving in clumps of points
[13:10] {Threei} we found ourselves in chronoclastic infindibula
[13:10] {magoo} see vad..i told u dino was working down there lol
[13:10] {Threei} I didn't believe you
[13:10] {Threei} but yeah
[13:10] {Threei} you are your brother's keeper
[13:10] {dino} no, just couldn't resist looking at tape when at the bar, or heading out
[13:11] {Threei} oh Tv
[13:11] {Threei} Ok then
[13:11] {Threei} no way I'd approach computer on vacation :)
[13:11] {dino} yeah, no laptop
[13:21] {Threei} IRAQI OIL MIN: OPEC WILL EVALUATE CUTTING SUPPLY IF DEMAND WORLD SHOWS THERE IS LITTLE NEED FOR IT
[13:21] {Threei} - Iranian Oil Min: current oil prices 'not a healthy sign'
[13:21] {Threei} no?
[13:22] {GeoArb} nope
[13:22] {Threei} only because it's too high, I'd say
[13:23] {GeoArb} needs to be double
[13:23] {GeoArb} (according to them)
[13:23] {Threei} get it down to 50 and I'll agree it's almost healthy
[13:23] {Threei} 35, and I'll stop taking its temperature and blood pressure
[13:24] {Threei} US REP HOYER: THERE IS BROAD SUPPORT FOR TREASURY'S PLAN FOR PURCHASES OF EQUITY IN BANKS
[13:24] {Threei} among banks, right?
[13:25] {GeoArb} i think its still a better idea than buying toxic paper
[13:25] {GeoArb} let em sort all that stuff out.... if they make money you make money
[13:25] {dino} why don't they just grant options
[13:26] {GeoArb} did i tell you my buddy grew up withthe guy who is implementing paulson's plan
[13:26] {GeoArb} (dunno if thats something to brag about)
[13:26] {GeoArb} he is called minime
[13:27] {dino} lol
[13:27] {GeoArb} http://www.elitetrader.com/vb/attachment.php?s=&postid=2109811
[13:27] {GeoArb} youll love this
[13:29] {dino} roflol
[13:29] {GeoArb} his title is Interim Assistant Secretary of the Treasury for Financial Stability
[13:29] {GeoArb} lol
[13:29] {GeoArb} really
[13:30] {GeoArb} used to be a scientist at TRW at redondo beach.... then got bored and joined GS
[13:31] {dino} hmmm
[13:31] {GeoArb} Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space scien
[13:31] {GeoArb} but i love his title
[13:33] {dino} heck of a business card
[13:34] {GeoArb} barely 6 yrs out of school
[13:35] {Onix} so, GS is running the USA at the moment?
[13:35] {GeoArb} revolving door
[13:35] {Threei} pretty much Onix
[13:35] {GeoArb} UIUC engineering guy wharton finance
[13:36] {dino} nah, we speculators are
[13:36] {GeoArb} true dino true
[13:36] {GeoArb} damn hs i only one year older than me
[13:36] {GeoArb} http://www.time.com/time/business/article/0,8599,1848055,00.html
06[13:37] * GeoArb is depressed
[13:40] {magoo} lil pullbk 2-230..then rrock into bell?
[13:40] {GeoArb} smug &^&^%^&%!!!!!!!
[13:40] {GeoArb} (SZ) Swiss Bankers Assoc. CEO: Switzerland does not need a bailout, as no housing bubble exists and the economy remains 'stable'
[13:41] {magoo} all thgose illegal; bank accts
[13:41] {Threei} lol
[13:41] {GeoArb} i guess thats where the money will go
[13:41] {magoo} like bailing out the mafia
[13:42] {GeoArb} i am planning to go to a bank soon and ask for a loan....
[13:42] {GeoArb} if they ask for collateral .... Ill say my house and laugh hysterically
[13:46] {Threei} DELL continues strength without even market help
[13:48] {Onix} and ADBE is very tired
[13:48] {Threei} yup
[13:49] {magoo} adbe=a dino back early
[13:51] {Threei} lol
[13:51] {Threei} and dell?
[13:51] {Threei} dino eluded late lull?
[13:56] {Threei} OK, ADBE pulled back far enough to get me interested again
[13:56] {Threei} need NQ to resume strength
[14:12] {dino} ice big rinse almost 2 bucks
[14:16] {Threei} things pretty much stalled
[14:16] {Threei} gotta wait it out
[14:22] {dino} sm aacc l .95
[14:24] {Threei} DELL chart begs to short .50
[14:24] {Threei} not sure it's worth the trouble
[14:24] {Threei} see if you like it
[14:26] {dino} rolling over, but how much w/mkt up so much
[14:26] {dino} have to think it can keep a gain
[14:26] {dino} cetv interesting from short
[14:26] {dino} ice is big bummer
[14:29] {Onix} the lower lows are coming just as slowly as the higher highs came earlier
[14:30] {dino} missed cetv
[14:35] {Threei} anuone took DELL, look for scalp
[14:35] {magoo} vad..my question
[14:35] {Threei} sideways
[14:38] {dino} cetv dropped a buck
[14:41] {magoo} ADBE vad??
[14:41] {Threei} short on NQ reversal
[14:41] {Threei} don't see it as a long here
[14:43] {Threei} WMT
[14:43] {Threei} HEARING SHARES RAISED TO BUY FROM NEUTRAL AT UBS; COST RAISED TO NEUTRAL (TIMING UNCERTAIN)
[14:43] {Threei} - Note UBS cut these names last week
[14:43] {Threei} they change their calls weekly now?
[14:43] {Onix} soon it may be daily
[14:43] {Chaeron} soon they'll be in your room changing on the fly... watch for it :)
[14:44] {Chaeron} onix :)
[14:44] {Onix} same with earnings ... market up, earnings beat & visa versa
[14:44] {GeoArb} hehehe UBS is a filthy daytrader
[14:44] {GeoArb} power up
[14:46] {Threei} NVDA
[14:46] {Threei} ANNOUNCES CLOSURE OF U.S.DOJ INVESTIGATION REGARDING POSSIBLE ANTITRUST VIOLATIONS
[14:46] {Threei} - DOJ investigation into potential antitrust violations related to graphics processing units and cards has been closed.
[14:46] {Threei} - No specific allegations were made against the Company during the investigation.
[14:49] {Threei} changing my opinion mags
[14:49] {Threei} explosion in cards
[14:50] {Threei} (unless I change it again in 10 min)
[14:51] {Onix} what's use of having a mind if you a't change it hey?
[14:51] {Threei} exactly
[14:51] {GeoArb} what use is a mind if it never changes
[14:54] {Threei} TIGER MANAGEMENT'S JULIAN ROBERTSON: IN THE PAST FEW DAYS WE HAVE BOUGHT SHARES IN MSFT, AAPL, BIDU, V, AND MA - CNBC INTERVIEW
[14:54] {Threei} - also buying more shares of RYAAY.
[14:54] {Threei} - says copper is a good short.
[14:54] {GeoArb} man yahoo outlook keeps getting lowered
[14:55] {Onix} Tiger Management doing well?
[14:55] {Threei} if they bought over last few days, must be
[14:55] {dino} jpm l sm .00
[14:57] {Threei} NQ goes for new highs very soon
[14:57] {Threei} there
[14:59] {dino} not really liking market up so much so fast. plus the gaps are trouble
[15:00] {Threei} well, we were so deeply oversold
[15:00] {Threei} plus Cramer called Dow to 4000 or so
[15:00] {GeoArb} heheh have you seen the hilariouds ads on cramer being run by fox business?
[15:00] {Threei} no
[15:01] {GeoArb} they are gunning for him
[15:01] {dino} liking farley's thoughts better, 7100ish
[15:02] {GeoArb} http://www.youtube.com/watch?v=yca7nbhyMVY
[15:02] {GeoArb} here yo go vad
[15:03] {Threei} lol
[15:03] {Threei} well... hard to deny truth
[15:03] {GeoArb} ahhhhhh
[15:04] {GeoArb} made 5 times my daily (200) today
[15:04] {GeoArb} best day in last 2 months
[15:04] {dino} out jpm .45, +.45
06[15:04] * Threei slaps GeoArb around a bit with a large trout
[15:04] {dino} great job geo
[15:04] {GeoArb} 2 contracts of ES on IB
[15:05] {GeoArb} scaled in slowly when market powered up
[15:05] {dino} little over 2x's here
[15:05] {magoo} your daily is 200 geo?
[15:05] {GeoArb} yeah
[15:05] {GeoArb} as i opnly trade first half
[15:05] {GeoArb} will increase slowly
[15:05] {magoo} no..thats great..its 50k a yr
[15:05] {GeoArb} consistency over greed.... as i got greedy a few months ago
[15:05] {GeoArb} ok TY
[15:06] {GeoArb} crap exited early on ES
[15:06] {dino} trading is boxing geo, not a sprint
[15:06] {GeoArb} yeah.... watch you guys doing it everyday
[15:06] {GeoArb} its an inspiration
[15:06] {magoo} true dino..but more violent..like extreme kickboxing
[15:06] {dino} lol
[15:07] {GeoArb} okkkk
[15:07] {Threei} [14:49] {Threei} changing my opinion mags
[15:07] {Threei} [14:49] {Threei} explosion in cards
[15:07] {GeoArb} oy yes
[15:07] {GeoArb} vads an inspiration too
06[15:07] * GeoArb forgot
[15:07] {Threei} sigh
[15:08] {GeoArb} lol
06[15:08] * Threei is easily forgotten
[15:08] {hawkfan4} beauty call vad
[15:08] {Threei} :)
[15:08] {hawkfan4} notice i put "call" in there, to avoid any unnecessary trouting
[15:08] {Threei} I did
[15:08] {hawkfan4} :)
[15:08] {Threei} thank you
[15:08] {dino} vad's the animal
06[15:08] * magoo slaps Threei around a bit with a large trout
[15:08] {Threei} that's considerate
[15:08] {Threei} lol
[15:09] {GeoArb} sheesh
[15:09] {GeoArb} fires 3 miles from home
[15:09] {GeoArb} 118 and 210 closed chaeron
[15:11] {Chaeron} wow... I heard... let me know if anything in OC
[15:11] {dino} good luck geo, bad stuff
[15:11] {GeoArb} really windy today too
[15:11] {Chaeron} Geo - take care and let us know, ok?
[15:11] {GeoArb} TY
[15:12] {Chaeron} DCC Geo
[15:13] {dino} sm s cetv .50
[15:14] {Threei} Short Setup: RMBS .69
[15:14] {Threei} if stays under .75
[15:14] {Threei} just a scalp
[15:15] {dino} double bubble gum flying at me
[15:16] {Onix} in
[15:16] {GeoArb} me too
[15:17] {dino} rcrc
[15:19] {GeoArb} so vad.... wht was the setup here?
[15:19] {GeoArb} is
[15:19] {Threei} break of support on reversal
06[15:19] * Threei slaps laserdave1 around a bit with a large trout
[15:19] {GeoArb} ok got it
[15:20] {GeoArb} cant that be a pullback?
[15:20] {Threei} needs NQ reversal to help
[15:20] {Threei} doesn't look like getting it
[15:20] {dino} cetvv stopped
[15:23] {Threei} no worky RMBS
06[15:24] * laserdave1 slaps Threei around a bit with a large trout
06[15:24] * magoo slaps laserdave1 around a bit with a large trout
[15:24] {Threei} new highs we are headed for
[15:24] {magoo} fighting trend on that one vad
[15:24] {Threei} shrug
[15:24] {Threei} looked like reversal
06[15:24] * magoo slaps Threei around a bit with a large trout
[15:24] {Threei} 6 cents sto[
[15:25] {Threei} don't tell me it wasn't worth a try
06[15:25] * magoo slaps patience around a bit with a large trout
[15:25] {patience} magoosky!
[15:25] {Chaeron} not too nice to hit a lady, pardner.........
[15:25] {magoo} i no take..trend is my friend
[15:25] {Chaeron} (that was in my best John Wayne)
[15:25] {Threei} up 700 points
[15:25] {patience} it was pretty good
[15:26] {Threei} another day in the office
06[15:28] * laserdave1 slaps magoo around a bit with a large trout
06[15:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:29] * magoo slaps Chaeron around a bit with a large trout
06[15:29] * Chaeron slaps magoo around a bit with a large trout
[15:29] {magoo} hey..what i do??
[15:29] {Chaeron} freakin' Three Stooges
06[15:30] * laserdave1 slaps Chaeron around a bit with a large trout
[15:31] {Threei} Obama's plan includes moratorium on home foreclosures
[15:32] {GeoArb} and no penalty on retirement withdrawals
[15:32] {Threei} that I don't care about
[15:32] {Chaeron} yeah...
[15:33] {cosmo} no taxes?
[15:33] {dino} yeah right, like thats going to happen
[15:33] {dino} just telling you what you want to hear
[15:33] {cosmo} zero cost basis
[15:33] {Chaeron} cosmo... can you say Democrat? :)
[15:33] {Threei} yeah... and can you say President?
[15:34] {cosmo} I've been putting that off...
[15:34] {Chaeron} I'll hold back on that
[15:34] {cosmo} both
[15:34] {Threei} voters hearing "no foreclosures"?
[15:34] {Threei} seals the deal
[15:35] {Chaeron} I'll top that... no car payments too
[15:35] {dino} i am simply saying they are all telling lies. they are just telling you what you want to hear
[15:35] {Threei} that'll come out after elction
[15:35] {cosmo} just ... rescue me
[15:36] {GeoArb} that sounds like madonna
[15:36] {cosmo} nice to see some of that 700 B working...
[15:38] {Threei} I believe we are to see another runup
[15:38] {Chaeron} give me a cheap long?
[15:38] {Threei} in ADBE, stop under .50
[15:39] {Threei} cheap... hmmm
[15:39] {Chaeron} in ADBE .65 thanks
[15:39] {cosmo} something up less than 10%, lets say...
[15:40] {Threei} ummm... ABTL
[15:40] {Chaeron} lol... ok... how about vygo?
[15:41] {Chaeron} just get that boot ready if needed for ADBE
[15:41] {dino} rcrc?
[15:41] {Threei} weak...
[15:42] {Threei} +750
[15:42] {Threei} +800 coming, IMO
[15:42] {magoo} RIMM?
[15:42] {Threei} as usual
[15:42] {Threei} will make new highs with market
[15:43] {Threei} or die with it
[15:46] {Threei} come on NQ, break 1400
[15:47] {Threei} {NQ} with all my pleasure
[15:48] {Threei} ummm... I meant break AND stay there
[15:48] {GeoArb} heheh
[15:50] {Threei} better now
[15:50] {Threei} your turn ADBE
[15:50] {Chaeron} and keep going.....
[15:50] {Threei} go toward 30
[15:50] {Threei} [15:42] {Threei} +800 coming, IMO
[15:51] {Threei} ADBE 1:1
[15:51] {magoo} nice vad
[15:52] {magoo} we were all so cordial today
[15:52] {Threei} disgusting really
[15:52] {Threei} cordial magoo
[15:52] {Threei} ewwww
[15:52] {GeoArb} lime cordial
[15:52] {magoo} complimenting each other..make magoo sick
[15:53] {Threei} I am right there with you
[15:53] {Threei} ADBER 1:2
[15:53] {Threei} out +.32
[15:54] {Chaeron} I took +0.28... many thanks (being cordial)
[15:54] {GeoArb} out on 3 NQ contracts
[15:54] {Threei} welcome (trying to match)
06[15:54] * GeoArb bein effusive
[15:54] {Threei} effuse this
06[15:54] * Threei slaps GeoArb around a bit with a large trout
[15:54] {GeoArb} no heat on stop at all
[15:54] {GeoArb} scaled in slowly
[15:55] {GeoArb} 1400 done for the day hehehehe
[15:55] {Chaeron} and under pressure of evacuation... nice
[15:55] {Threei} that's effusive
[15:55] {GeoArb} traded like its last day
[15:55] {GeoArb} lol
[15:56] {Threei} 850 on table
[15:56] {GeoArb} nq advantage that it gives 15 extra mins to close position
[15:56] {Threei} volume is till questionable
[15:56] {Threei} but heck
[15:56] {Threei} if we pull back, even better
[15:57] {GeoArb} HDB
[15:57] {Chaeron} I like reloading
[15:57] {GeoArb} maan
[15:57] {Threei} 880
[15:57] {GeoArb} this market
[15:57] {Threei} 900 coming
[15:57] {Threei} every day is history in the making
[15:58] {dino} clucky l2
[15:58] {dino} cluncky?
[15:58] {Threei} 902
[15:58] {Chaeron} cmon... do an even 1000
[15:58] {Threei} lol
[15:58] {Threei} in 2 minutes?
[15:58] {Chaeron} yeah... impress us
[15:58] {Threei} 940
[15:59] {GeoArb} AMAZZING
[15:59] {Threei} ADBE over 30
[15:59] {Threei} remember everything I told about how we will stop scalping one day?
[15:59] {hawkfan4} man o manishevitz
[15:59] {Threei} 960
[15:59] {Threei} you may just get it chaeron
[16:00] {Threei} 975
[16:00] {dino} out aacc .29, +.34
[16:00] {Threei} and pullback... ugh
[16:00] {Threei} 25 points shy
[16:00] {Threei} Ok guys
[16:00] {Threei} that was some day
[16:00] {Threei} thank you all
[16:00] {hawkfan4} thx vad, nite all
[16:00] {GeoArb} gret day
[16:00] {GeoArb} thanks vad
[16:01] {Threei} good to see we are on the right side of this crazy market so consistently
[16:01] {GeoArb} what can i say
[16:01] {GeoArb} you have great students
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {dino} so, we used to do 300 pts range, then 500 pt, the i left last week w/2 700 pt, and now today 900. ....
[16:02] {magoo} ty vad
[16:02] {Chaeron} Thanks Vad
[16:06] {dino} thx all

Oct 10 2008

Session Time: Fri Oct 10 00:00:00 2008

[07:54] {Threei} TED SPREAD WIDENS TO 435 BPS - HIGHEST ON RECORD
06[08:01] * Threei slaps magoo around a bit with a large trout
[08:01] {magoo} morning
[08:01] {Threei} hi :)
[08:01] {magoo} WOW he he
[08:01] {_xzap} morning Mag, Vad, Geo, et al
[08:01] {Threei} {--- still the fastest trigger in the wild west
[08:01] {Threei} zap :)
[08:03] {magoo} vad, u MUST have a theory here for today?what u thinking/
[08:03] {Threei} I think all the theories known to humankind are out of the window at this point
[08:04] {Threei} my attitude is kind of fatalistic:
[08:04] {Threei} it will be over when it will be over
[08:04] {Threei} I am grateful to be a day trader
[08:04] {Threei} to be highly liquid
[08:04] {Threei} to have freedom of staying away and limit my exposure to hunt and peck
[08:05] {Threei} which is what we do these days
[08:05] {Threei} while waiting for a time for bigger exposure to come
[08:05] {magoo} yes, but as a daytrader we need a working theme today..just a plan..it may not play out..but you are usually good with these
[08:05] {Threei} true but I come up with those only when drunk... and I am sober right now
[08:06] {magoo} big drop at open...bounce and crash into weekeend?
[08:06] {_xzap} early gap downs: CSIQ, ENER, SPWRA, RIMM,ORCL,QCOM, AMZN, AAUK, AAPL
[08:06] {Threei} can't tell for now mags... gotta observe the action
[08:06] {Threei} two currents clash here:
[08:07] {Threei} one is, extreme fear to hold into weekend, desire to keep exposure to a minimu,
[08:07] {Threei} and this one dictates your scenario
[08:07] {Threei} another is, fear to miss some extraordinaryu intervention undertaken by desperate authorities
[08:08] {_xzap} I have a feeling this will be another "black Friday" so to speak
[08:08] {Threei} who no doubt will burn the midnight oil throughout the weekend
[08:08] {Threei} so shorts will be just as scared
[08:08] {Threei} and some of money sitting on a sideline may decide to commit a little
[08:09] {Threei} which one wins?
[08:09] {Threei} TED spread looks beyond scary
[08:10] {_xzap} I was reading up on the LIBOR rate last night, what is it now Vad ?
[08:11] {Threei} gotta look it up... I don';t have direct quote
[08:11] {Threei} DELL hasn't made new low yesterday
[08:11] {Threei} NVDA barely did
[08:12] {_xzap} DELL new low right now, 12.92. Year low 13.23
[08:13] {Threei} GM
[08:13] {Threei} BANKRUPTCY PROTECTION 'IS NOT AN OPTION'
[08:13] {_xzap} The three-month London Interbank Offered Rate, known as Libor, hit 4.75% Thursday - its highest level since December 28. Libor stood at 2.81% one month ago.
[08:14] {_xzap} so if banks won't lend to each other overnight they sure aren't lending to anyone
[08:16] {_xzap} 10:25 GW to speak
[08:16] {_xzap} I predict a selloff at 10:26
[08:16] {magoo} btw, morn xzap geodp:)
[08:17] {Threei} I would start at 10:24
[08:17] {_xzap} morning Mag
[08:19] {_xzap} the TICK closed @ -1198 y'day
[08:23] {Threei} grabbed some DELL at 13 for possible scalp
[08:24] {_xzap} EBAY gap down, new year low 15.11
[08:25] {Threei} MS dipped under 10... mama mia
[08:25] {Threei} so... does the world end?
[08:25] {Threei} Raven...?
[08:27] {_xzap} this is hard to believe.. DRYS new year low right now 18.05. Year high was131.34
[08:28] {Threei} a lot of prices are of "is it a bad dream" kind
[08:28] {Threei} -400 DOW days become just another day at the office
[08:28] {Threei} only -600 makes you look
[08:28] {_xzap} it can't be too long before these stocks start getting at least nibbled at
[08:29] {Threei} i am sure they started
[08:29] {Threei} first little drips of accumulation had their place already
[08:29] {Raven} dunno ... my cable is out so I can't listen to the wisdom from the hyperventilating news people
[08:29] {magoo} wouldn't long mutual funds find value down here?
[08:29] {Threei} just not much commitment, little nibble here and there
[08:29] {Threei} BALTIC DRY BULK INDEX -11%; THE LOWEST SINCE 1985
[08:30] {Threei} ugh Raven
[08:30] {Raven} lol
[08:30] {Threei} you know we look up to you when it comes to the end of the world
[08:30] {Threei} UG TRADE BALANCE: -$59.1B V -$59.0BE
[08:30] {Threei} - Prior revised from -$62.2B to -$61.3B
[08:30] {Raven} hey ... this is just your average once-in-a-century market crash
[08:30] {Raven} that's all
[08:31] {Threei} SEPT IMPORT PRICE INDEX M/M:-3.0 % V -2.8%E; Y/Y: 14.5% V 12.2%E
[08:31] {Threei} - Prior MoM revised from -3.7% to -2.6%
[08:31] {Threei} - Prior YoY revised from 16.0% to 18.7 %
[08:31] {hawkfan4} morning
[08:31] {Threei} hawk :)
[08:32] {Threei} true Raven, but you have more experience with ends of the world
[08:32] {Threei} MS
[08:32] {Threei} CONFIRMS IMMATERIAL EXPOSURE TO LEHMAN
[08:32] {Threei} immaterial?
[08:33] {_xzap} hi hawk
[08:33] {_xzap} SPWRB gap down
[08:34] {Raven} the difference 3i ... this time ... is the existence of derivatives and the fact that the stock market is overshadowed by the international credit issues
[08:34] {_xzap} Japan's Nikkei dropped 9.6% and Hong Kong's Hang Seng fell 7.2%.
[08:34] {Raven} so nobody has a clue what will happen
[08:34] {Threei} so, unlike other times, it IS the end?
[08:35] {Raven} no ... it'll just require MASSIVE federal intervention
[08:35] {Raven} worldwide
[08:36] {Threei} gosh... they already injected so much
[08:36] {Threei} and nothing seems to stop bleeding
[08:36] {_xzap} The long-term credit ratings of Goldman Sachs (GS) and Morgan Stanley (MS) are on review for a possible downgrade at Moody's, according to Reuters.com.
[08:37] {Raven} they obviously have not done enough yet
[08:37] {Threei} I am trying to understand this:
[08:37] {Threei} they haven't done enough yet
[08:37] {Threei} or
[08:38] {Threei} they mostly have, and it's just a lack of confidence and sheer panic that continues driving markets lower
[08:38] {Threei} I understand no one knows
[08:38] {Threei} just trying to get a feel
[08:38] {Raven} yes ... it is panic ... which is why more needs to be done and FAST
[08:39] {Raven} they can't keep farting around
[08:39] {_xzap} from what I understand, the infusion of $$ from the Fed isn't working YET because no real plan has been laid out and and implemented
[08:39] {Raven} exactly
[08:39] {_xzap} The biggest issue is see is TRUST
[08:40] {Raven} it'll take some time to develop a plan to buy the toxic assets
[08:40] {_xzap} there is no trust
[08:40] {Raven} so step in and recapitalize some banks ... NOW
[08:40] {_xzap} even though the Fed is throwing all this money into the mkt, people want to see it actually in action
[08:41] {_xzap} BTW, hi Raven, we haven't met
[08:41] {Raven} ACTION is the key word
[08:41] {Threei} MS 9
[08:42] {_xzap} another thing that will really help is to see some CEO's and executives in cuffs. Someone HAS to go to prison
[08:42] {Raven} well, good morning xzap :)
[08:42] {Threei} my first vote would be Fuld
[08:43] {Raven} lol ... at this point blame is not terribly important
[08:43] {Raven} and ... damn few of the guilty will suffer
[08:43] {_xzap} but somebody will go to prison before it's all over
[08:44] {Raven} somebody will ... but hundreds won't
[08:44] {Raven} thousands
[08:44] {Raven} ?
[08:44] {Raven} and nobody in Washington will suffer one whit
[08:45] {Threei} Mitsubishi would better hurry
[08:46] {Threei} MS seems to be on a birnk of repeating LEH fate
[08:49] {_xzap} coffee anyone [ ]}
[08:49] {Threei} black please
[08:49] {magoo} just cream
[08:52] {Threei} dumped DELL back -8 cents
[08:54] {hawkfan4} oil 82.60, break out the s.u.v's
[08:54] {Threei} never put mine on bricks
[08:55] {_xzap} JOYG gap down
[08:56] {_xzap} top gap downs right now: SPWRB, CSIQ, JOYG, ENER, FWLT, ADBE, BUCY, DRYS
[08:56] {peterg} morning all
[08:57] {peterg} Krugman in NY Times says this weekend all the world finance folks have a chance to coordinate actions.
[08:57] {Threei} peter :)
[08:57] {peterg} If they don't he thinks chaos and fear deepen, widen.
[08:57] {_xzap} hi peter
[08:57] {peterg} z!
[08:59] {peterg} Is there a way to capture and print parts of this discussion, or dcc's?
[08:59] {Threei} sure
[08:59] {peterg} ?
[08:59] {Threei} right click on the button in the upper bar with the name of the channel
[08:59] {Threei} #discussions for this channel,
[09:00] {Threei} or name of your counterpart in dcc,
[09:00] {Threei} Logging
[09:00] {Threei} check it to turn it on,
[09:00] {Threei} then look for the look in your folder containing this mirc
[09:01] {Threei} look for the log that was
[09:02] {Threei} if you want some particular part of conversation, simply copy it by highlighting, and paste into text editori
[09:03] {peterg} thks
[09:07] {peterg} Sorry to drive you nuts with bolts, how highlight and paste?
[09:07] {GeoArb} gm
[09:07] {peterg} Can you do it into the discussion itself?
[09:07] {Threei} just point on the text, press and hold left mouse button, drag across the text so it highlights,
[09:07] {patience} oil into 70's
[09:07] {patience} gm rt :)
[09:07] {Threei} then let go and paste into text editor
[09:08] {Threei} patience :)
[09:08] {Threei} already? I still see it at 83
[09:08] {patience} i just saw it dip in 79
[09:08] {patience} and back up again
[09:08] {_xzap} hi patience
[09:08] {Threei} I suspect my oil quotes are lagging
[09:08] {hawkfan4} 80.20 now
[09:08] {patience} good morning zap :)
[09:08] {Threei} where do you monityor it?
[09:09] {patience} live on bnn
[09:09] {Threei} oh
[09:09] {patience} sorry, nov contract
[09:09] {hawkfan4} under 80 now
[09:09] {patience} but at this rate we might hit the 60 mark by noon (kidding)
[09:09] {Threei} lol
[09:09] {hawkfan4} lol
[09:09] {_xzap} I see ECL oil for Nov @ 81.61 right now
[09:10] {Threei} well, since it's at 80 or lower, I have no further read on it
[09:10] {Threei} had this target ever since 135 or so
[09:10] {patience} you were right, i was wrong
[09:10] {peterg} OK, thanks, where is text editor?
[09:11] {Threei} I'd prefer Pickens to tekll me that and send half of billion or so
[09:11] {Threei} ummm... peter...
[09:11] {peterg} yes?
[09:11] {peterg} is that found through the earlier instructions.?
[09:11] {peterg} if so ill go back & study further
[09:11] {Threei} Word... notepad... wordpad... whatever you have :)
[09:11] {peterg} gotcha
[09:12] {_xzap} RBOB = Nov 1.8980
[09:13] {Onix} Good morning all
[09:14] {Threei} onix :)
[09:14] {_xzap} hi Onix
[09:17] {ese} morning
[09:17] {Onix} welcome back Raven
[09:18] {Threei} back?
[09:19] {Threei} he never went anywhere
[09:20] {Onix} how come I did not notice him earlier during the week?
[09:20] {_xzap} ECL oil Nov. 79.91
[09:20] {cosmo} bird flew?
[09:20] {Threei} ummm... you never looked?
[09:20] {_xzap} DJ Infosys In Talks With Two Cos For Possible Buy - CEO
[09:21] {Onix} have to get my eye-glasses checked :)
[09:24] {ese} Ok I'll say it again.......good morning.....hope everyone realises that esemde is now ese....somehow got shortened with my change in computors.....
[09:24] {_xzap} Infosys 2Q Net Up 30%; Cuts FY Dlr Rev Guidance
[09:24] {_xzap} hi ese
[09:24] {ese} zap...
[09:25] {_xzap} BANGALORE (Dow Jones)--Infosys Technologies Ltd. (500209.BY) posted a 30% rise in its fiscal second-quarter consolidated net profit Friday, but sharply lowered its revenue expectations in dollar terms, indicating a worse-than-expected fallout from the U.S. financial crisis.
[09:25] {dptl} good morning all
[09:25] {_xzap} dp
[09:26] {Raven} bird flew ... rofl cosmo :)
[09:26] {ese} morning dp.....no one is saying good morning today except
[09:26] {ese} zap
[09:26] {_xzap} Vad, do you like ENER at 31 for a bounce?
[09:26] {Onix} hi dp
[09:27] {Threei} ese, dp :)
[09:27] {dptl} :)
[09:27] {Threei} 31?
[09:27] {Onix} hi ese
[09:27] {Threei} it's 50 cents away
[09:27] {_xzap} yes it is
[09:28] {ese} onix
[09:28] {_xzap} let me rephrase, how about we watch it for a bounce, it's held 31 in pm
[09:29] {Threei} it's a very thin stock mving in big incerements
[09:29] {Threei} there is no way to tell exact price in advance, this kind has rather fuzzy areas, not exact levels
[09:30] {Threei} see?
[09:30] {_xzap} yep
[09:30] {Threei} dollar and half drop in one gasp
[09:31] {_xzap} u was korect
[09:33] {magoo} we down 400?
[09:33] {Threei} 413
[09:33] {Threei} for the starters, eh?
[09:34] {magoo} man-0-man
[09:34] {magoo} 79 oil
[09:34] {dptl} no 395
[09:34] {_xzap} Spot gold $908, S&P 868
[09:34] {peterg} its like the scene in the submarine where it goes lower and lower and it starts to creak with occasional rivet popping
[09:35] {Threei} Short Setup: MS 9 break small shares
[09:35] {magoo} dino just switched to nat gas lol
[09:35] {peterg} riveting
[09:35] {Threei} VIX VOLATILITY INDEX REACHES NEW HIGH AT 67.66
[09:35] {Threei} stop/invalidating level above .30
[09:36] {magoo} sh ms
[09:36] {_xzap} in 8.98
[09:37] {Threei} -717
[09:37] {Threei} mama mia
[09:37] {hawkfan4} my charts must be off, i have dow down 691 now
[09:37] {magoo} just an ave day vad
[09:37] {Threei} half out MS8.83
[09:37] {magoo} me too
[09:37] {Threei} stop to 8.05
[09:38] {Onix} 9.05?
[09:38] {Threei} yes
[09:38] {Threei} -527
[09:39] {GeoArb} vad on laser I am using $DJI
[09:39] {GeoArb} its usually off
[09:39] {Threei} me too
[09:39] {GeoArb} ok
[09:39] {Threei} off?
[09:39] {Threei} vs what?
[09:39] {GeoArb} what you type
[09:39] {GeoArb} must be the lag
[09:39] {Onix} ty Vad, i took 20c in MS
[09:40] {Threei} welcome
[09:40] {Threei} it justy changes very fast geo
[09:40] {Threei} huge bounce
[09:42] {Threei} DELL jumped up dollar and half
[09:42] {Threei} watching pullback
[09:43] {Threei} if it dives to 13 great
[09:43] {Threei} if holding .50 and NQ spikes upward, gotta just take it here
[09:45] {Threei} .51 long now
[09:45] {Threei} if holding abopve .40
[09:46] {Threei} all trades are half lot for now
[09:46] {magoo} shit really?
[09:49] {Threei} half out DELL .69
[09:49] {Threei} scalpers just take profit
[09:50] {Threei} stop .45 for the balance
[09:51] {Threei} watching ADBE for entry
[09:52] {Threei} that was fast
[09:52] {magoo} missed
[09:52] {Threei} took .13, exited .46, but got fill for just 300 shares
[09:53] {Threei} too soon...
[09:53] {Threei} out DELL balance
[09:55] {Threei} -150 DJI
[09:55] {Threei} -225
[09:55] {Threei} lol
[09:56] {Threei} I don't think I saw such volatility
[09:56] {Threei} ever
[09:57] {Raven} VIX never been higher
[09:58] {Raven} the old VIX was higher in 1987 though ... I think
[09:58] {Raven} they changed the indes many moons ago
[09:58] {cosmo} they use the sun now
[09:58] {Threei} yeah, not comparable really
[09:59] {Raven} right cosmo
[09:59] {cosmo} :)
[09:59] {cosmo} solars
[09:59] {ese} most of my screens are turning green......
[09:59] {Raven} the "ancients" used the sun too
[09:59] {ese} stocks have had enough it seems
[10:00] {Threei} stop spraying green paint on the monitors ese!
[10:00] {Threei} it won't be easy to scratch it off
[10:00] {peterg} are we approaching the magic moment when smart money enters?
[10:00] {Threei} every day
[10:00] {ese} damm your ight...how'd that happen
[10:00] {Threei} closer and closer
[10:00] {Threei} round two... DELL .51 long
[10:00] {Threei} half lot!
[10:01] {ese} some of it already has peter
[10:01] {Threei} stop under .35
[10:01] {Threei} take scalp here or offer .90
[10:01] {Threei} your choice
[10:02] {Threei} hit .91
[10:02] {peterg} out at .80, +.35
[10:02] {Threei} wtg
[10:02] {peterg} thks vad
[10:02] {Threei} welcome sir
[10:03] {Threei} any money made today is to be framed and put on a wall
[10:03] {GeoArb} was going to say missed as it was at .55
[10:03] {GeoArb} lol
[10:03] {Threei} hmm?
[10:03] {GeoArb} .55 didnt chase
[10:03] {Threei} it was .49 when I posted alert
[10:03] {GeoArb} hmm i say .54
[10:03] {GeoArb} saw
[10:04] {GeoArb} so didnt chase... oh well
[10:04] {GeoArb} fast market :)
[10:05] {magoo} hide ARCA laser users message
[10:05] {magoo} i just did
[10:05] {Threei} magoo's right... ARCA bid might have fooled you Geo
[10:05] {GeoArb} how do you hide magoo?
[10:05] {Threei} verify with T&S prints
[10:05] {Threei} or hide it
[10:05] {magoo} rt click chaert
[10:05] {magoo} 3rd from top
[10:06] {magoo} ARB
[10:06] {magoo} add ok
[10:06] {Threei} I jujst switched servers and ARCA seems fine
[10:06] {magoo} mine was off
[10:06] {GeoArb} thanks
[10:06] {GeoArb} which server
[10:06] {Threei} but during such fast markets it's always a good uidea to use T&S for verification when you see overalp
[10:06] {Threei} overlap
[10:06] {cosmo} green...green...
[10:07] {cosmo} for now...
[10:07] {Threei} NASDAQ went green
[10:07] {hawkfan4} dow too
[10:07] {Threei} DJI about to
[10:07] {Threei} yup, green
[10:08] {dptl} can't believe this
[10:08] {Threei} never seen anything like this
[10:08] {Threei} over 700 points range?
[10:08] {Threei} come on
[10:09] {peterg} what, never jumped out of airplane before?
[10:09] {Threei} even dino would have dropped his jaw
[10:09] {Threei} boy is he missing huge fun
[10:09] {Onix} totally amazing!
[10:11] {Threei} Long Setup: UAUA .81 if stays above .70
[10:14] {Chaeron} hi all... enjoying the ride?
[10:14] {Threei} hey Chaeron
[10:18] {Threei} ADMIN7 --} (All): Quotes have been reinitialized for ARCA and BATS. Should be ok now.
[10:18] {GeoArb} in UAUA
[10:18] {dptl} l uaua.82
[10:20] {Onix} in UAUA @ .82
06[10:21] * Threei is kicking UAUA in the rear with steel toed heavy duty army boots
[10:22] {Threei} REPORTEDLY THE US BANKING INDUSTRY WILL HOLD A CONFERENCE CALL WITH THE WHITE HOUSE AT 2:30PM ET
[10:22] {Onix} ty
[10:22] {Threei} TREASURY SEC PAULSON: THERE IS PLENTY OF WORK LEFT TO BE DONE ON MARKET REGULATION, CRISIS SHOWS THE NEED FOR REGULATORY REFORM
[10:22] {magoo} are my quotes good? uaua .76
[10:22] {GeoArb} yes
[10:22] {magoo} ty
[10:25] {Threei} Prez on TV
[10:25] {Chaeron} shucks
[10:26] {Threei} rarely good for markets
[10:26] {Onix} giving us lots of hope hey?
[10:26] {Threei} PRESIDENT BUSH: THIS HAS BEEN A DEEPLY UNSETTLING TIME FOR THE US, THE GOVT IS ACTING AND WILL CONTINUE TO ACT TO RESTORE CONFIDENCE AND STABILITY
[10:27] {Threei} market responds with immediate downticks
[10:27] {magoo} always with bush
[10:28] {Threei} hmmm
[10:33] {dptl} offering .96 uaua
[10:34] {GeoArb} prev high?
[10:34] {Threei} I likme how it held
[10:34] {Threei} erratic market
[10:34] {dptl} just below geo
[10:34] {Threei} so it doesn't move in a clean manner, and sure took its sweet time
[10:34] {GeoArb} .96 is high in my laser
[10:34] {dptl} .97
[10:34] {Threei} .97, geo
[10:35] {Threei} 9:44 candle
[10:35] {GeoArb} ok now i am worried
[10:35] {GeoArb} i know
[10:35] {GeoArb} i just clicked it to check
[10:35] {Threei} worried about what?
[10:35] {GeoArb} high .96 low .74 on that candle
[10:35] {GeoArb} worried about qotes
[10:36] {Threei} when you press and hold 9:44 candle on 1 min,
[10:36] {GeoArb} thats what i did
[10:36] {Threei} black pop-up window shows you high, low etc
[10:36] {Threei} you see .96 high on it?
[10:36] {GeoArb} yes :(
[10:36] {Threei} try today on daily, check high there
[10:37] {GeoArb} .96
[10:37] {GeoArb} on daily too
[10:37] {Threei} ok, that's weird
[10:37] {GeoArb} using chart 2
[10:37] {Threei} try to switch and check again?
[10:38] {GeoArb} what you using?
[10:38] {Threei} 1
[10:39] {GeoArb} switched to one
[10:39] {GeoArb} .97 on min and daily now
[10:39] {GeoArb} wrd
[10:41] {GeoArb} sheesh -330 again
[10:41] {Threei} no one even blinks about anything less than -500 anymore geo
[10:41] {GeoArb} true
[10:42] {Threei} round 3 DELL
[10:42] {Threei} .52 long with stop under .40
[10:42] {Threei} invalidated
[10:43] {Threei} WHITE HOUSE: THERE ARE NO PLANS TO INTERVENE IN US MARKETS
[10:43] {GeoArb} what??
[10:43] {GeoArb} what have they done till now?
[10:43] {Threei} {US MARKETS} oh you want to be that way?
[10:44] {dptl} stopped uaua
[10:45] {Onix} stopped uaua
[10:45] {GeoArb} y
[10:47] {Threei} WHITE HOUSE: REPORTEDLY NOTES THAT THERE ARE NO PLANS TO INTERVENE IN US MARKETS
[10:47] {Threei} - Comments appear in response to Italian PM Berlusconi's suggestion that world leaders might suspend markets.
[10:47] {Threei} oh boy
[10:47] {GeoArb} whats that guy thinking saying stuff like that
[10:47] {Threei} yeah, let's suspend markets, scare the bejezus out of everyone
[10:47] {GeoArb} either do it or dont
[10:47] {Chaeron} he was short before he made the comment.....
[10:48] {Threei} so when you open them, total liquidation takes place in a matter of one hour
[10:48] {GeoArb} typical italian agitation
[10:49] {GeoArb} lol chaeron
[10:50] {Threei} OK, that was disgusting gesture by UAUA
[10:50] {GeoArb} yeah phone call worthy
[10:51] {Threei} ADBE
[10:51] {Threei} haf lot long 27.05
[10:51] {Threei} stop under .90
[10:53] {Threei} market weakens, canceling buying mini-breaks for now
[10:55] {Threei} either bounuces or shorting support breaks
[10:56] {Threei} Short Setup: DELL .34
[10:56] {Threei} stop above .50
[10:59] {Threei} SEC EVALUATING FURTHER ACTIONS TO ASSIST SECURITIES, INCREASING CONFIDENCE
[10:59] {Threei} should be easy to do
[10:59] {Threei} forbid selling
[10:59] {_xzap} I just did something VERY stupid and got away with it
[10:59] {GeoArb} ?
[11:00] {_xzap} I shorted MS @ 8.99, entered cover at 8.75 I thought. I actually entered $8. I let it get awat from and rode it up til$11.29 and just got out at $(
[11:01] {_xzap} I don't drink or smoke and I need both
[11:01] {_xzap} out @ $9 Imeant
[11:01] {_xzap} LOL, I can't even type
[11:01] {magoo} out ADBE .21 TY vad
[11:02] {Threei} whewre did you get in?
[11:02] {magoo} .89
[11:02] {Threei} nice
[11:02] {magoo} fl
[11:04] {_xzap} and I missed all those good calls by Mr. Vad
[11:05] {Threei} well, that was quite a shock
[11:05] {Threei} you got really lucky
[11:05] {_xzap} Very lucky
[11:05] {Threei} as for missing my calls... seemed to me it was the case for you whole wekk, lol
[11:05] {magoo} l rimm here ,15
[11:06] {Threei} if you followed them with just 100 shares, this week would have already paid for couple months of mebership at least
[11:06] {Threei} now, anyone knows what "wekk" is?
[11:07] {magoo} stopped
[11:07] {GeoArb} when the week is wrekked
[11:07] {Chaeron} lol
[11:07] {Threei} mags, I would stay away from RIMM/AAPL/BIDU kind right now
[11:07] {Threei} they are relatively easy only where we get a trend
[11:07] {Threei} and market is completely shapeless rifght now
[11:07] {hawkfan4} wekk. to do something you dont wany anyone else to see you do ...
[11:07] {GeoArb} i am watching ES
[11:08] {GeoArb} it seems to be jumping a few points easy
[11:08] {Threei} lol... you guys
[11:09] {Threei} DELL 1:1
[11:09] {GeoArb} out half .21
[11:09] {Threei} feel free to cover in full or partial
[11:10] {Threei} really can't tell which is preferrable
[11:10] {Threei} erratic market, anything can happen any minute
[11:10] {Threei} so act according to your personal objectives and risk tolerance
[11:10] {Threei} now zap... did you take DELL short?
[11:11] {Threei} or it triggered while you still were sweating out that MS trade?
[11:11] {GeoArb} today's money is frameable truely
[11:11] {Threei} 1:2 DELL almost
[11:11] {Threei} today's and Monday's
[11:11] {GeoArb} yeah
[11:11] {Threei} 1:2 DELL wihtout almost
[11:11] {Threei} is it right grammar?
[11:12] {GeoArb} i bet there are a lot of brokers today who will have execution issues
[11:12] {Threei} no doubt
[11:12] {Threei} Laser handles these things incredibly graciously
[11:12] {dptl} ty dell +.17
[11:12] {Threei} :)
06[11:12] * Threei slaps Chaeron around a bit with a large trout
[11:12] {GeoArb} i think they are the only retail broker i know
[11:13] {GeoArb} who has nasdaq platinum cert
[11:13] {Chaeron} why?
[11:13] {Threei} yes
[11:13] {Threei} two reasons chaeron
[11:13] {Threei} first, because you apparently missed DELL short
[11:13] {Threei} and second, because I generally like slapping people
[11:13] {GeoArb} he missed?
[11:14] {Threei} that's what I am trying to find out
[11:14] {Threei} now, magoo calls me mean
[11:14] {Threei} but don't believe that
[11:14] {Chaeron} 1) I took at 13.35 short... got a call and had to run away for a sec and took a 0.16 loss
[11:14] {Threei} I am very mean
[11:14] {Chaeron} had to
[11:14] {Threei} .16?
[11:14] {Threei} I am lost
[11:14] {GeoArb} sheesh.... how did vad know
[11:15] {Threei} .16 is 13.51
[11:15] {Threei} it never went there
[11:15] {_xzap} no Vad, I missed DELL. Trying to compose myself
[11:15] {Chaeron} oh... sorry that was another trade. I lost 0.08
[11:15] {Threei} ok zap, for give me but I just have to do this
06[11:15] * Threei slaps _xzap around a bit with a large trout
[11:15] {Chaeron} 13.43 fill
[11:15] {_xzap} I knew that was coming !
06[11:15] * GeoArb is counting his money and thanking vadster
[11:15] {Threei} cut that phone cord
[11:16] {Chaeron} I know
[11:16] {Chaeron} not happy... had same thing on uaua
[11:17] {Threei} well, UAUA got eventually stopped fair and square
[11:17] {Chaeron} I feel better... thanks
[11:17] {Threei} but DELL delivered
[11:17] {Chaeron} I know... made it twice as bad
[11:19] {GeoArb} chaeron dcc
[11:19] {Threei} geo, what to know
[11:19] {Threei} chaeron is one of usually reporting
[11:19] {Threei} stock goes to 1:2, he is silent - I assume he missed
[11:19] {GeoArb} lol
[11:23] {Threei} ok, this was completely unreadable in DELL
[11:23] {GeoArb} wrd
[11:24] {Threei} I suspected .50 should serve as resistance for short but saw a downward move as quite limited and not worth the entry
[11:28] {GeoArb} market has become a little less volatile me thinks
[11:39] {Threei} feels like small upward move is coming
[11:39] {Threei} maybe good for a little scalp, hardly more
[11:39] {ese} what makes you feel that vad?
[11:39] {GeoArb} whose ese?
[11:39] {Threei} just a look of NQ chart
[11:40] {ese} esemde....my new computor cut my handle short for some reason
[11:40] {GeoArb} lol
[11:40] {GeoArb} just reinstall mirc and chose it again
[11:40] {GeoArb} it happenned to me in a laptop too
[11:41] {ese} naw........I like the short version ...everyone was using that before anyway
[11:41] {Threei} hehe
[11:41] {Threei} we tend to simplify things
[11:41] {Threei} ever seen anyone calling geo geoarb?
[11:41] {ese} now thats interesting geo
[11:41] {GeoArb} i was just thinking that
[11:41] {ese} nope
[11:41] {Threei} or hawk hawkan4?
[11:42] {GeoArb} uhhhu
[11:42] {GeoArb} but youre lord vader
[11:42] {Threei} hck, we shorted even 4 letter nicks... dptl?? :)
[11:42] {GeoArb} i even heard MR vad today
[11:42] {ese} he is when he's into vodka
[11:42] {Chaeron} heeeeeeeyyyyyyyyyyyy.......... essssssse.........
[11:43] {ese} CCCCCCCHHHHHHHHH baby!!!!!!!!!!!!
[11:43] {Threei} see NQ?
[11:43] {ese} hows it goin man?
[11:43] {Threei} small upward... was good for like 6-7 cents DELL
[11:43] {Threei} and right back down
[11:44] {ese} market feels tired to me..........
[11:44] {ese} can only draw so much blood from a stone
[11:44] {patience} we may be tired of relentless downdraft but margin clerks aren't
[11:44] {Threei} main question now is,
[11:45] {Threei} will we get this almost traditional now eod selloff
[11:45] {ese} probably right patience
[11:45] {magoo} one difference vad
[11:45] {Threei} or will market change its ways and kill those who become too complacent in following the recent pattern
[11:45] {magoo} we are down.,..not up
[11:45] {Threei} true mags
[11:45] {Threei} but huge upward thrust kind of canceled that
[11:46] {magoo} we are down 372 now
[11:46] {Threei} and yeah... margin clerks... ow many envelops they still have to slap a stamp on and drop in the mailbox...
[11:47] {GeoArb} i thought they called?
[11:47] {GeoArb} well i wouldnt know
[11:47] {Threei} e-mailed I'd guess?
[11:48] {_xzap} Short DRYS under 16.8 ?
[11:48] {Threei} it's 60 cents from there
[11:48] {_xzap} I know
[11:48] {Threei} so, it's impossible to answer without knowing HOW it gets there
[11:49] {Threei} imagine it dropping sharply into 16.80
[11:49] {Threei} in one big swoop
[11:49] {Threei} would ou shoet it?
[11:49] {_xzap} no
[11:49] {Threei} now,
[11:49] {Threei} if it slides slowly
[11:49] {Threei} consolidates a little
[11:49] {Threei} then breaks,
[11:49] {Threei} would you?
[11:49] {_xzap} yes
[11:49] {Threei} there you go
[11:50] {Threei} price alone is not the answer
[11:50] {_xzap} I try to look ahead and set some trend lines to watch
[11:50] {Threei} the way stock is trading is necessary to cmplete the picture
[11:52] {_xzap} Short JOYG under 27.78 ?
[11:57] {Threei} -530 DJI
[11:57] {Threei} BOHICA?
[11:57] {patience} tsx -524
[11:59] {Threei} (GE) GERMAN GOVT SPOKESMAN: NO POLITICAL DECISIONS HAVE BEEN MADE REGARDING A FINANCIAL BAILOUT PACKAGE YET
[12:00] {Threei} come on Germany, get wit the program... everyone else is throwing three-generations money at the roblem, why don't you
[12:04] {hawkfan4} NQ 1230, stop 1224, small
[12:08] {GeoArb} hawq you trading nq on laser?
[12:08] {hawkfan4} no, ib
[12:08] {GeoArb} okkk my buddy :)
[12:08] {hawkfan4} :)
[12:09] {GeoArb} ib direct or something like brackettrader etc?
[12:10] {hawkfan4} just direct, don't use the bells and whistles much
[12:10] {GeoArb} ok
[12:13] {Threei} Long Setup: MS . break
[12:13] {ese} gone for the weekend all....didn't do much this week but it was an interesting watch.......thanks for your insights into all of this Vad.......Have a great thanksgiving all!!!!
[12:13] {Threei} 8 break
[12:13] {Threei} stop under .80
[12:14] {Threei} take care ese, have a great weekend
[12:15] {Chaeron} dang... too fast
[12:15] {Threei} 8.02 in
[12:15] {magoo} .99
[12:16] {Threei} half out .19
[12:16] {Threei} scalpers know what to do
[12:17] {magoo} out .33 TY
[12:17] {Threei} out in full .37
[12:17] {Threei} welcome
[12:17] {Chaeron} nice job guys
[12:17] {_xzap} Very good call Vad
[12:17] {Threei} it retreatd after initial spike chaeron
[12:18] {Threei} I got filled on a pullback
[12:18] {Threei} ty zap
[12:18] {Chaeron} not far enough... felt like chasing at .05
[12:18] {Chaeron} and didn't see lower
[12:18] {Threei} 8.02 it filled me
[12:18] {_xzap} 500 shares Vad?
[12:18] {GeoArb} thanks guys....off to dayjob
[12:18] {Threei} wanted 1000, got 600
[12:18] {Threei} take care geo
[12:18] {Chaeron} I hit limit on 8.01 right when I saw 8's evaporating, but not fast enuf
[12:19] {_xzap} see ya Geo
[12:19] {Threei} 1 cent is probably too tight
[12:19] {Chaeron} bye Geo
[12:19] {Chaeron} yeah
[12:19] {Chaeron} next one
[12:19] {Threei} I'd give it 3
[12:19] {Threei} on half lot, 5
[12:19] {Threei} but whatever
[12:19] {Threei} it's just one trade
[12:20] {_xzap} GM reaffirming they don't need b'ruptcy protection. I bet they file within 2 weeks
[12:21] {Threei} CNBC'S LIESMAN: TALKS ARE CURRENTLY ONGOING IN WASHINGTON REGARDING CAPITAL INJECTIONS INTO MAJOR BANKS
[12:21] {Threei} - Program will be lead by the Treasury, in consultation with the Fed and the White House.
[12:21] {Threei} - The current idea is to make a term sheet injection available to all banks.
[12:21] {Threei} - The timing of the injections remains unclear at this point.
[12:21] {hawkfan4} lol xzap
[12:22] {_xzap} watch them Hawk, I swear I bet they file
[12:22] {Threei} zap... are you willing to short GM on that assumption?
[12:22] {_xzap} nope
[12:23] {_xzap} Long CSIQ here Vad ?
[12:24] {Threei} .20, if holding above 11 and if NQ breaks higher
[12:24] {Threei} and smallshares
[12:24] {Threei} NQ drops
[12:25] {Threei} watch if it's holding above 11
[12:26] {_xzap} NQ dropping
[12:27] {_xzap} broke .11 so no go, korect?
[12:27] {Threei} 11
[12:27] {Threei} not .11
[12:32] {laserdave1} hello all
[12:32] {laserdave1} magoo dcc please
06[12:32] * Threei slaps laserdave1 around a bit with a large trout
06[12:33] * Chaeron slaps laserdave1 around a bit with a large trout
[12:36] {_xzap} hi laser
[12:36] {Threei} greens... no single word over a course of whole week... give us a sign you a live person, not an internet bot :)
[12:37] {Threei} (although I do understand that as bunch we may not inspire people very much to communicate with us)
[12:37] {_greens} just watching for now.
[12:37] {Threei} :)
[12:38] {Threei} don't heistate to ask if got any questions
[12:38] {Threei} ivac
[12:38] {_greens} ok
[12:38] {Threei} nevermind IVAC, wrong window
[12:38] {Threei} just surfing through charts
[12:48] {Threei} scary call
[12:48] {Threei} small shares
[12:48] {Threei} PRU
[12:48] {Threei} long off .50
[12:48] {Threei} stop under .40
[12:49] {Threei} if loses it don't touch it
[12:49] {Threei} use NQ as idicator for entry
[12:50] {Threei} invalidated
[12:51] {Threei} if NQ turns sharply up, .50 break will be a play again
[12:51] {Threei} .51 actaully, big offer there
[12:52] {Threei} CNBC: FORD IS NOT CONTEMPLATING BANKRUPTCY
[12:53] {Threei} stop under .30 PRU if you went for it
[12:53] {Threei} no worky
[12:54] {_xzap} Question Vad..
[12:55] {_xzap} I have the futures feed but not charts. Is the #COMP.Q as good as indicator as NQ ?
[12:55] {Threei} I'd prefer QQQQ then
[12:55] {_xzap} k
[12:57] {_xzap} looks like oil might close under $81 today
[12:58] {_xzap} oil down $40, still paying $4 gal for gas
[12:59] {peterg} more like $3 here
[13:01] {Chaeron} what's $/bbl today?
[13:01] {hawkfan4} oil trading 79.80
[13:04] {Chaeron} thanks
[13:04] {Threei} thinking of cornering oil market chaeron?
[13:04] {Chaeron} naaaa
[13:04] {Chaeron} water market.... think about it
[13:05] {Threei} not until I find the way to remotely control taps in every house over North America
[13:06] {Threei} when anyone wanting a glass of water from tap has to insert credit card so I unlock his tap - that's when I corner it
[13:07] {_xzap} Chaeron } I've been watching water for about a year now: http://stockcharts.com/h-sc/ui?s=$HHO&p=D&yr=1&mn=0&dy=0&id=p41882001531&a=145385954
[13:10] {hawkfan4} 13:07 ICE IntercontinentalExchange failed to settle all US trades Thursday - DJ (70.62 +1.87)
[13:10] {hawkfan4} dropping like a rock
[13:11] {Threei} I am not sure I understsand the meaning of this hawk
[13:11] {Threei} saw the news but can't quite place it
[13:11] {hawkfan4} me either
[13:11] {_xzap} wow
[13:12] {Threei} ICE
[13:12] {Threei} MOVES LOWER AFTTER REPORTS THAT THE EXCHANGE WAS UNABLE TO SETTLE ANY TRADES YESTERDAY
[13:12] {Threei} {CME NYX NDAQ IDC GFIG LSE.UK }
[13:12] {_xzap} bounce play ?
[13:14] {Threei} I don't want even to touch this animal
[13:14] {Threei} you see spread?
[13:14] {Threei} levels and sizes?
[13:14] {Threei} ca you control risk on it?
[13:14] {hawkfan4} yeah, way too dangerous. plus don't know what that news means. could be disasterous
[13:15] {hawkfan4} could be nothing
[13:15] {_xzap} going at the ask
[13:16] {Threei} are you ready to buy the ask and find yourself down anywhere from 30 to 70 cents on the spread alone zap?
[13:16] {_xzap} nope
[13:16] {Threei} G7 COMMUNIQUE WILL REPORTEDLY NOTE THAT BANK WITH SYSTEMIC RISK WILL BE ALLOWED TO FAIL; ECHOING EUROPEAN MINISTER'S COMMENTS OF PAST FEW DAYS
[13:22] {_xzap} DJ CORRECT: ICE Settled Trades Thursday, But Processing Delayed
[13:24] {Threei} lol
[13:25] {Threei} reminds me old joke of Soviet times, one from famous Armenian radio series
[13:25] {Threei} Armenian radio is asked,
[13:25] {Threei} whetehr it's tru that academic Ambartsumjan won a car in lottery
[13:26] {Threei} radio's answer:
[13:26] {Threei} first, it was not academic Ambartsumjan but agrotechnic Abramjan,
[13:26] {Threei} second, it was not a lottery but cards,
[13:26] {Threei} third, it was not a car but three roubles,
[13:26] {Threei} forth, he lost, not won
[13:26] {Threei} the rest is true
[13:27] {_xzap} lol
[13:27] {hawkfan4} :)
[13:27] {_xzap} I wonder how many people got shook out of ICE
[13:28] {_xzap} now it's building sup @ 68.5 Vad, res is 70.25, where do we get in ?
[13:29] {Threei} we don't
[13:30] {Threei} you chose to ignore my point about about impossibility to control risk on this stock?
[13:30] {_xzap} nope, just wanted to hear your answer
[13:30] {Threei} you mean wanted to hear me repeating it
[13:30] {_xzap} yeah, wanted to hear your accent
[13:31] {Threei} OK, what does the room think... does it warrant the inevitable?
[13:31] {_xzap} oh Gosh
[13:31] {hawkfan4} get ready
[13:31] {_xzap} here it comes
[13:31] {Threei} yup
[13:31] {Threei} wait...
[13:31] {Threei} wait...
[13:31] {Threei} wait...
06[13:31] * Threei slaps _xzap around a bit with a large trout
[13:31] {Threei} there
[13:31] {_xzap} lol
[13:31] {_xzap} you are pretty cool Vad
[13:32] {Threei} {--- good at building the supsense
[13:32] {_xzap} but it did run from 68.5 to 70 :)
[13:32] {Threei} uhhu
[13:32] {Threei} and if they said, "yeah, we can't settle ytrades from now on"
[13:33] {_xzap} I really belive in trend lines, sup & res & Fib's
[13:33] {Threei} you would have lost 10 points before you even finish reading the headline
[13:33] {Threei} zap... here is one comment that, if this is the only thing you take from us, will cost more than any other advice you ever hear
[13:33] {Threei} risk evaluation comes first. Profit evaluation comes second
[13:34] {_xzap} ok, makes sense
[13:34] {Threei} Amatuers get elated by profit potential. Pros ger retsrained by risk potential.
[13:34] {_xzap} that's why I came here, to learn from you
[13:35] {_xzap} now watch it roll over, do we short it ?
[13:35] {Threei} that does it
06[13:35] * Threei slaps _xzap around a bit with a large trout
[13:35] {_xzap} lol
06[13:35] * Threei slaps _xzap around a bit with a large trout
06[13:35] * Threei slaps _xzap around a bit with a large trout
[13:35] {Threei} good day today... not only I am in the money, but I had an opportunity to slap not one, not two... but three people
[13:36] {_xzap} at least you could use fresh trout
[13:36] {Threei} one of them three times
[13:36] {Threei} what kind of fun would that be??
[13:36] {_xzap} gettin' pretty close to the 7's on the Dow
[13:37] {Threei} well, we were there in the morning
[13:37] {Threei} so, kind of developed tolerance for it :)
[13:37] {_xzap} I might change my bottom from 7500 to 7100
[13:38] {Threei} so far, it look eerily like yesterday
[13:38] {Threei} or before yesterday
[13:38] {Threei} preparing for big flush
[13:38] {Threei} if you believe in it, QID is your simplest way to trade it
[13:39] {_xzap} it's gonna be at least a week or more before the Fed can get that money in the system
[13:39] {_xzap} we can easily lose another 1000 in a week
[13:40] {_xzap} like playing the SD backwards Vad?
[13:40] {_xzap} SDS
[13:40] {Threei} same idea
[13:40] {Threei} ultrashort
[13:41] {_xzap} looking at it now
[13:41] {_xzap} see ya'll after dinner
[13:43] {Threei} this QID pullback most liely
[13:44] {GeoArb} dinner?
[13:44] {GeoArb} what time zone
[13:44] {Threei} I wonder myself
[13:44] {Threei} too .15 QID
[13:44] {GeoArb} so we have economists sayiing close the market till banks become capitalized
[13:44] {Threei} took
[13:44] {GeoArb} heard on radio
[13:45] {Threei} stop under 90
[13:45] {Threei} half out .60
[13:45] {Threei} out in full .95
[13:45] {Threei} +.80?
[13:46] {Chaeron} beauty
[13:48] {Threei} BOHICA
[13:48] {Threei} anyone did any QID
[13:48] {Threei} ?
[13:49] {Chaeron} I only saw after you were half out... sorry :(
[13:49] {GeoArb} still firing up platform at work :(
[13:49] {Chaeron} but *I'm* happy for you
[13:49] {GeoArb} me too
[13:49] {Threei} -615
[13:51] {Threei} VIX VOLATILITY INDEX MOVES ABOVE 75
[13:51] {_xzap} Eastern time zone... Dinner = lunch, breakfast, dinner, supper
[13:52] {Threei} lol
[13:52] {GeoArb} ahh
[13:52] {_xzap} country boy
[13:57] {Threei} SLW
[13:57] {Threei} mama mia
[13:58] {_xzap} G&S # 1 losing sector right now
[13:59] {Threei} what the heck happened to gold
[13:59] {Threei} silver, OK, that I understand
[13:59] {patience} euro banks selling to raise cash
[13:59] {Threei} but gold
[13:59] {patience} saudis are buying
[13:59] {Threei} bounce on lower volume, NQ
[14:00] {Threei} watch if new wave of acceleerating selling hits
[14:00] {Threei} QID will be good for another point at least
[14:02] {Threei} anyone went for 91?
[14:03] {_xzap} i wanted to but TRIN fell back
[14:04] {hawkfan4} playing the nq, scalping
[14:04] {Threei} same thing...
[14:04] {Threei} you know... "we have tockets to, umm, Ballbreaker"
[14:04] {Threei} "what?? maybe Nutcracker??"
[14:05] {Threei} "yeah... same thing, same thing"
[14:05] {hawkfan4} lol, definitely funnier after i figured out what "tockets" was :)
[14:05] {Threei} oh, this is simple... look at the letters around mistyped one...
[14:06] {_xzap} Now Vad I know you don't use indicators, but my indicators say the QID is oversold and building sup @ 89.50
[14:06] {Threei} to figure out the substitute :)
[14:06] {Threei} lost it fast
[14:06] {_xzap} won't this be a good bounce when the TRIN rises
[14:06] {Threei} zap, QID is not really independently traded thing
[14:07] {Threei} look at it
[14:07] {Threei} one buck under support you just mentionesd
[14:07] {Threei} I mean buck and half
[14:07] {_xzap} that's why I wait for a few candles to build sup
[14:07] {Threei} QID is simply market follower in reverse
[14:10] {Threei} LEHMAN CDS AUCTION RESULTS: $0.08625/DOLLAR V $0.0975 PRIOR
[14:10] {Threei} is it 8 cents for dolar?
[14:10] {_xzap} that's how I read it
[14:11] {Threei} yeah... I just can't believe I read it rigfht :)
[14:11] {_xzap} maybe they had a $440,000 party
[14:11] {Threei} what??
[14:11] {Threei} WB
[14:11] {Threei} UPDATE: RATING RAISED AT S&P TO A+ FROM BBB-; ON WATCH POSITIVE
[14:11] {Threei} OK... now iff we close green, I will have seen everything
[14:13] {_xzap} are we buying WB above5.03 ?
[14:13] {Threei} ah come on
[14:14] {Threei} big jump SLW
[14:17] {_xzap} are we watching the QID for the afternoon sell off ?
[14:17] {Threei} [13:38] {Threei} so far, it look eerily like yesterday
[14:17] {Threei} [13:38] {Threei} or before yesterday
[14:17] {Threei} [13:38] {Threei} preparing for big flush
[14:17] {Threei} [13:38] {Threei} if you believe in it, QID is your simplest way to trade it
[14:18] {hawkfan4} you watching WB vad?
[14:18] {Threei} I think I better stay away from it
[14:19] {Threei} considering its werid situation between C and WFC
[14:19] {hawkfan4} ah, gotcha, thx
[14:19] {Threei} I don't understand even why it trades at all
[14:19] {GeoArb} didnt c withdraw
[14:19] {GeoArb} and is suing
[14:20] {Threei} withdraw?
[14:20] {GeoArb} from nego
[14:20] {Threei} last I heard they divide the carcass
[14:20] {Threei} and discuss what parts for what cost go to whom
[14:20] {Threei} maybe I missed some development
[14:20] {magoo} vad..my usual question
[14:21] {GeoArb} nope
[14:21] {Threei} too soon mags
[14:21] {hawkfan4} 09-Oct-08 22:02 ET In Play After Hours Summary: WB +31% (Citi confirms the co ended negotiations with Wells Fargo on Wachovia Transaction
[14:21] {Threei} hmmm
[14:21] {GeoArb} citi is petulant
[14:21] {Threei} what is it suing for then?
[14:22] {Threei} and who? :)
[14:22] {GeoArb} wachovia for breach
[14:22] {GeoArb} 60 bill
[14:22] {GeoArb} i think
[14:22] {Threei} ok... I am in wrong business
[14:23] {_xzap} INFY moving up
[14:25] {_xzap} LEAP at day's low
[14:26] {_xzap} Vad } DRYS setting up for short ?
[14:27] {GeoArb} bad timing but hehhehehehe http://www.msnbc.msn.com/id/27113959/
[14:28] {magoo} vad any new news RIMM?
[14:29] {Threei} no on RIMM
[14:30] {_xzap} LEAP short ?
[14:30] {Threei} DRYS mirros market right now
[14:30] {Threei} same for LEAP
[14:31] {Threei} market goes for new lows, so do they
[14:34] {Onix} anyone in the green for the day and/or for the week?
[14:35] {Threei} hmmm... I am
[14:35] {Threei} but then again, I followed all my calls
[14:36] {Onix} i am -200 for today
[14:36] {Threei} how??
[14:36] {GeoArb} +65 here
[14:36] {GeoArb} only took morning one
[14:36] {GeoArb} s
[14:37] {GeoArb} and made some mistakes
[14:37] {Onix} got caught in PRU and UAUA
[14:37] {peterg} how about double shorting MS, thought I was covering. Got out with skin intact but no joy
[14:37] {GeoArb} 11:35] {Threei} hmmm... I am
[14:37] {GeoArb} [11:35] {Threei} but then again, I followed all my calls
[14:37] {GeoArb} was that a dig on xzap
[14:37] {GeoArb} ?
[14:38] {Threei} even with those Onix... winning calls cover them with a lot of overhead
[14:38] {_xzap} LEAP losing whole number
[14:39] {Onix} just wish i could trade all day already ... have this other job to take care of :)
[14:42] {Threei} NQ break of 1200 should serve as final signal for another eod flush
[14:42] {Onix} and taking stops still present a challenge that MUST be overcome!
[14:43] {peterg} Onix, I understand your sentiment, but sometimes it is nice to have the day job to go to--refreshing, different, and somewhat reliable.
[14:43] {_xzap} I sold my business to day trade full time
[14:44] {Onix} fortunately, my day-job is totally reliable, but with trading, i still have a LONGGGG way to go!
[14:44] {GeoArb} i i share the stop pain onix
[14:44] {GeoArb} getting slowly better
[14:44] {peterg} oh yeah
[14:44] {Onix} you mean there is light at the end of this dark tunnel?
[14:44] {GeoArb} now i use OMS module for stops a lot
[14:44] {GeoArb} as mechanical works better for me
[14:45] {peterg} works well?
[14:45] {GeoArb} sometimes i hesitate to punch out
[14:45] {GeoArb} on my own
[14:45] {peterg} ofcourse
[14:45] {GeoArb} there is some spread as its on pc not at broker
[14:45] {GeoArb} still better then me holding em :)
[14:45] {peterg} !!
[14:46] {Onix} i think i need to study Genesi Laser in more detail to find out if i can use hard stops
[14:46] {GeoArb} it exits
[14:46] {GeoArb} menu - modules - OMS
[14:47] {Onix} got it ... and then?
[14:47] {GeoArb} i can give ya a tour after close or on DCC if you want
[14:47] {Threei} click third button from the left
[14:47] {Threei} Add a new order
[14:47] {Threei} enter your oaramteres
[14:47] {Threei} click OK
[14:48] {Threei} click green triangle to activate it
[14:48] {_xzap} QID starting to make a nice lil pullback
[14:48] {GeoArb} "green triangle"
[14:48] {GeoArb} play button !!!
[14:49] {Onix} thanks, will give it a try
[14:49] {Threei} hmm... is my scanner broken} been a hwile since I've seen alert "new 52 week high"
[14:50] {GeoArb} nope... seeing mostly lows
[14:50] {Onix} roflol
[14:50] {Threei} thank you Onix
[14:50] {Threei} at least one person here gets my, undoubtedly questionable, humor
[14:52] {Chaeron} *crickets chirping*
[14:52] {Chaeron} :)
[14:52] {Threei} yeah yeah
[14:53] {Threei} gold 859?
[14:54] {_xzap} spot 841
[14:54] {Threei} wow... crashed
[14:54] {Threei} CAD got literally killed today
[14:54] {_xzap} gotta pay those margin calls
[14:54] {Threei} good thing for us canuckie traders
[14:54] {Threei} onix... dp... 1.2!
[14:54] {Chaeron} hmmmm someone in this room said something about all commodities crashing about a month or two ago... now let's ee.... who was it... V.. or thr.. something like that
06[14:55] * Threei tries hard to look humble...
[14:55] {Chaeron} lol
[14:55] {Onix} 1.2?
[14:55] {Threei} YSD/CAD
[14:56] {Threei} USD
[14:56] {Threei} USD/CAD REACHES ABOVE$1.2075
[14:57] {patience} i totally understand why our canadian dollar is falling
[14:57] {Onix} glad i don't have to convert any CAD today to USD
[14:57] {GeoArb} why?
[14:57] {patience} we have surpluses each year in our budget
[14:57] {patience} we totally fund our social security for generations ahead
[14:57] {patience} our real estate is still appreciating
[14:57] {_xzap} I've got a cpl of loonies around here somewhere
[14:57] {Threei} I was a happy elephant when it's was 1.6
[14:57] {patience} our employment keeps climbing
[14:57] {Threei} for each 1K I made trading I was getting 1,600 canadian
[14:57] {patience} we are ranked number one in the world for having solid banks
[14:58] {_xzap} and you can go topless in Canada !!
[14:58] {GeoArb} happy elephant
[14:58] {patience} of course, how do you think i am dressed now xzap
[14:58] {GeoArb} okkkkk
[14:58] {Threei} zap, not in the winter in Manitoba
[14:58] {_xzap} Oh Lord
06[14:58] * Chaeron closes eyes and blushes deeply
[14:58] {patience} i am wearing an apron though
[14:58] {Chaeron} mmmmmmm cookies????
[14:59] {patience} yup
[14:59] {_xzap} (.)(.) Summer (@)(@) Winter
[14:59] {patience} you are funnny xzap, haven't seen that before
06[14:59] * GeoArb closes his kids eyes
[14:59] {Threei} and sabre?
[14:59] {Chaeron} cookies.... *I* have my priorities straight
[15:00] {Threei} looking at MS, can;'t help but think
[15:00] {Threei} does it get nationalized over this weekend?
[15:00] {Chaeron} about cookies?
[15:00] {Threei} lol
[15:00] {Threei} or sold to GS
[15:01] {_xzap} LEAP still breaking down
[15:01] {GeoArb} mayyybe
[15:01] {GeoArb} thats why C got out of wachovia
[15:01] {Threei} something isn't as always today re: close selloff
[15:02] {Threei} less and lkess looks like we are going to get it
[15:02] {laserdave1} biggest move up ever in the history of the stock market today?
[15:02] {laserdave1} off of the bottom?
[15:02] {Threei} I believe so dave
[15:02] {GeoArb} hey dave
[15:02] {laserdave1} hey guys
[15:02] {Threei} about 800 points DJI
[15:02] {laserdave1} its been seeting up for this
[15:02] {laserdave1} ya its possible
[15:02] {laserdave1} hold on to your pants
[15:02] {Threei} yeah, but then we went down 600 :)
[15:02] {laserdave1} i know
[15:02] {laserdave1} i thought it was coming yesterday
[15:03] {_xzap} TRIN has been sideways for a while. Waiting on 3:15
[15:03] {magoo} dcc
[15:03] {magoo} dave
[15:04] {_xzap} CNBC: Sources say up tick rule NOT coming back
[15:04] {Threei} good
[15:04] {hawkfan4} amen
[15:04] {_xzap} that short sell ban really worked !
[15:04] {Threei} it's been meaningloess anyway ever since we switched to decimals
[15:04] {Chaeron} Shoot.... Mother's Cookies just closed their doors.... no more of those pink and white circus cookies
[15:04] {GeoArb} really?
[15:04] {Chaeron} I'm not kidding
[15:05] {_xzap} NQ holding around 1220
[15:06] {_xzap} #1 sector: Regional Banks Bottom sector: Gold & Silver
[15:06] {Threei} world turned upside down
[15:06] {Threei} how the heck during such crisis gold goes down but banks go up :)
[15:07] {_xzap} I know some goldbugs who are hurt bad
[15:07] {Onix} how much we learn every day!
[15:08] {Threei} about goldbugs and ladybugs in aprons?
[15:08] {_xzap} hee hee
[15:08] {patience} patience checks pocket in apron
[15:08] {Onix} that too
[15:08] {Threei} for a brick to throw at me?
[15:08] {patience} nope, another theory for gold going down right
[15:08] {patience} now
[15:08] {_xzap} pasties
[15:08] {patience} gold leases
[15:09] {patience} have been leased and leased and leased
[15:09] {laserdave1} now lets do this
[15:09] {patience} with no physical backing them up
[15:09] {laserdave1} look at chart market
[15:09] {Threei} why not... who can really control that
[15:09] {Threei} OK guys... let's look for a long candidate
[15:09] {Threei} feels like we might get contrarian move today
[15:10] {Threei} short the close seems to become too customary
[15:10] {Threei} half lots, OK?
[15:10] {Threei} don't go crazy
[15:10] {Chaeron} awwwwwwwwwwww
[15:10] {_xzap} I just can't see people going long on Friday
[15:10] {Threei} risk is horrifically high
[15:10] {Threei} ADBE, .50 break
[15:11] {laserdave1} well i find it hard to hold a short over weekend
[15:11] {laserdave1} if u are short
[15:11] {laserdave1} u r up massive
[15:11] {laserdave1} risk reward
[15:11] {laserdave1} long all the way baby
06[15:11] * GeoArb in .51
[15:11] {Threei} stop under .30
[15:11] {Threei} half out .65
[15:12] {Threei} offer the rest .80
[15:12] {Threei} out
[15:12] {_xzap} good call Vad
[15:12] {Threei} yeah, I have my moments
[15:12] {Onix} ty Vad, i got 25c on 100sh
[15:13] {Threei} good
[15:13] {Threei} geo, out?
[15:13] {Threei} zap, took it?
[15:13] {_xzap} missed it
[15:13] {GeoArb} out but early
[15:13] {GeoArb} scalped
[15:13] {Threei} it gave ample time for entry...
[15:14] {GeoArb} all out .70
[15:14] {_xzap} I know
[15:14] {Threei} fine
[15:14] {Threei} nothing wrong with scalping during such nervous times
[15:14] {GeoArb} in office... someone came in punched out lol
[15:14] {GeoArb} TY vad
[15:14] {Threei} see how fast it gave it all back?
[15:14] {GeoArb} ahhh money going into the weekend
[15:19] {Threei} giant squeeze may be in cards
[15:19] {_xzap} bid small lot of QID @ 83
[15:19] {Threei} or was it squid I was thinking about
[15:20] {Threei} 24 NATIONS HAVE REPORTEDLY COME TOGETHER IN REQUESTS FOR AN ENCOMPASSING RESPONSE TO MARKET TURMOIL
[15:20] {patience} paulson rules 24 central banks?
[15:21] {Threei} he is da king
[15:21] {_xzap} in QID 83
[15:21] {Threei} why zap?
[15:22] {Threei} get out while you have a chance
[15:22] {_xzap} 50 shares w/1 point stop
[15:22] {Threei} it's not about number of shares... it's about trading right
[15:23] {Threei} this entry does not make sense to me
[15:23] {Threei} ADBE works well to utilize these spikes NQ
[15:23] {Threei} just too fast for me to alert each of them
[15:23] {_xzap} out 83.6
[15:24] {Threei} got lucky
[15:24] {_xzap} i know
[15:24] {Threei} second time today
[15:24] {Threei} take it as a trading god's message:
[15:24] {Threei} we let you off easy for now,
[15:24] {Threei} but man, learn the profession
[15:24] {dptl} whuuuu...what a day.....just got positive for the day:)
[15:24] {Threei} on what dp?
[15:25] {dptl} cbg,
[15:25] {dptl} and some on ng
[15:26] {Onix} ty Vad, got 51c ADBE on 200sh
[15:27] {Threei} hah
[15:27] {Threei} someone almost got even for tha day
[15:27] {Onix} $34 to go
[15:27] {Onix} green
[15:28] {Threei} it's not easy to go green
[15:28] {Threei} we know that from recent discussions of carbon tax
[15:28] {_xzap} $INDU is making a heck of a hammer, today might be the day
[15:28] {Threei} told ya
[15:28] {Onix} will have to vote for the green party?
[15:29] {Threei} 15:09] {Threei} feels like we might get contrarian move today
[15:29] {Threei} [15:10] {Threei} short the close seems to become too customary
[15:29] {dptl} heh green again....can't beleive that
[15:29] {Threei} [15:19] {Threei} giant squeeze may be in cards
[15:29] {Threei} take a look at QID zap
[15:29] {Threei} they really let you out
[15:29] {_xzap} watching ti now
[15:30] {_xzap} watching it for 79
[15:30] {Threei} this kind of squeeze can go in a straight line
[15:30] {Threei} not taking any prisoners
[15:30] {Threei} watch this squeeze guys... this is sign of things to come when we finally have bottom in
[15:30] {Threei} it will be as relentless as selling was, possible more
[15:31] {patience} not alot of market time left, assume majority would be after hours. what do you think vad
[15:31] {Threei} quite possibly..
[15:31] {Threei} I am not playing after market today
[15:32] {Threei} this week satisfied my trading appettite fully
[15:32] {Threei} twice over]
[15:33] {Threei} did we just get frikin 500 points drive on Dow?
[15:33] {Threei} lol
[15:33] {Threei} and not done yet
[15:34] {dptl} crazy:)
[15:34] {Threei} next break is coming
[15:34] {GeoArb} amazing day
[15:34] {patience} totally amazing week
[15:34] {Threei} grabbed another ADBE scalp
[15:34] {Threei} sorry guys, not calling those, too fast
[15:35] {Threei} ether you can read them on your own or sit it out
[15:35] {laserdave1} yesssssssssssssssssssssssssssssssssssssssssssssss
[15:35] {Threei} zap, don't tell me you went into QID at 79
[15:35] {_xzap} lol
[15:35] {_xzap} just watching it
[15:35] {GeoArb} dav?
[15:36] {Threei} DJI
[15:36] {Threei} +270
[15:36] {GeoArb} ammmmazing
[15:36] {GeoArb} gonna remember this week
[15:37] {Threei} don't tell me you weren't alerted
06[15:37] * GeoArb bows to lord vader
06[15:37] * Threei tries hard to look modest
[15:37] {GeoArb} you in apron too vad?
06[15:37] * Threei acknowledges it's unnatural stance for him
[15:38] {Threei} ok, back out of fuirther longs here
[15:38] {Threei} let market look what it did
[15:38] {Threei} it needs some navel gazing
[15:38] {GeoArb} hehehe wsj headline cant keep up
[15:38] {dptl} :)
[15:39] {_xzap} I wanted to say it's been a pleasure being here this week Vad, et al
[15:39] {Threei} you guys realize we have over 1000 points swing today?
[15:39] {laserdave1} ya i said today might be biggest mover ever off of bottom in history of trading
[15:39] {Threei} you know where to find us when you decide we offer valuable education, zap
[15:40] {_xzap} I thought it was a 60 day free trial
[15:40] {Threei} uhhu
[15:40] {_xzap} or until the Dow was at 10000
06[15:40] * GeoArb want to sign up for that too
[15:40] {Threei} I may be modest... but not self-denigrating to such degree
[15:40] {_xzap} lol
[15:40] {Threei} look at selling now
[15:41] {_xzap} we still have 290 mins
[15:41] {Threei} timely wqarning to withold longs?
[15:41] {_xzap} 20
[15:41] {Threei} -110
[15:41] {GeoArb} the best offer i hope to get is good sheesh kababs if i am in victoris :)
[15:41] {Threei} rofl
[15:41] {laserdave1} qqqq just dropped 1.20
[15:41] {hawkfan4} mama mia
[15:41] {GeoArb} ig i didnt know better i would have thought the ticker is broken
[15:41] {Threei} ADBE lost buck and half in a fdew shakes of a lamb tail
[15:42] {_xzap} QIS jsut shot up 5.5 points
[15:42] {_xzap} QID
[15:42] {Threei} shot up in cards now
[15:43] {_xzap} that hammer doesn't look so good now
[15:44] {Threei} ADBE is up 40 cents from the moment I said up
[15:44] {Threei} better trade than stare at hammers :)
[15:45] {_xzap} I don't like to trade after 3:30
[15:45] {Threei} matter of taste... I don't like looking at hammers, drills or saws at any time of the day... call me not very handy :(
[15:45] {_xzap} lol
[15:46] {dptl} lol
[15:46] {hawkfan4} if i had a hammer, i'd hammer in the morning...
[15:46] {Threei} and about 60 days trial... zap, don't tell me calls you saw here during this week are not worth 300 a month
[15:47] {Threei} you hate your neighbors so much hawk?
[15:47] {_xzap} Yes they are Vad, our styles are so different tho
[15:47] {_xzap} but I will probably give you a month's try at least :)
[15:47] {hawkfan4} lol
[15:47] {Threei} does yours make money?
[15:48] {peterg} vive l'difference!
[15:48] {Threei} 'cause if not - that's where they differ {G}
[15:48] {patience} vad, i new the apron comment would make the difference :)
[15:48] {_xzap} yes it does
[15:48] {Threei} lol patience
[15:48] {_xzap} lol patience
[15:48] {Threei} if does, why do you need anyone's help at all
[15:48] {_xzap} for conformation
[15:49] {Threei} what better confirmation than profits
[15:49] {Threei} that's the confirmation from the market itself
[15:49] {_xzap} I started studying day trading in Jauary and made some VERY costly mistakes, I'm very gun shy
[15:49] {Threei} so it doesn't make money
[15:49] {Threei} sorry but you contradict yourself :)
[15:49] {_xzap} I haven't made the same mistakes
[15:50] {_xzap} I'm just not making what I want
[15:50] {_xzap} so I have searched the net over for a good trading room to help me build my confidence
[15:51] {Threei} 10 min lweft... I'll take any more trades only if something extraordinary happens
[15:51] {Threei} and in today's terms extraordinary woluld mean probably 1500 points drop
[15:52] {GeoArb} the best thing hat happenned to me all week
[15:52] {GeoArb} my in laws left
[15:52] {Threei} rofl
[15:52] {Threei} come on
[15:52] {Threei} you made money today
[15:52] {GeoArb} come on vad
[15:52] {GeoArb} some things are more imp than money
[15:52] {Threei} OK... when it comes to in-laws, I'll give it to you
[15:53] {Threei} it's priceless
[15:53] {GeoArb} hehehe
[15:53] {GeoArb} i think the damage he did in the garden itself is worth a couple of grand
[15:53] {GeoArb} lol
[15:53] {Threei} lol
[15:53] {Threei} what did he do, rolled in daliahs
[15:54] {GeoArb} i told my gardner to wait for a month till he leaves.... and then redo
[15:54] {GeoArb} no he dug up everything and planted a veg garden
[15:54] {peterg} He wants you to have enough food
[15:54] {GeoArb} I AM NOT GOING TO GROW MELONS!!!!!
[15:54] {dptl} lol
[15:55] {GeoArb} good day vad..... got 150 even though missed a lot of calls
[15:55] {Threei} :)
[15:55] {Threei} 14:11] {Threei} OK... now if we close green, I will have seen everything
[15:56] {Threei} we may close red but we went to green into over 200
[15:56] {Threei} I HAVE seen everything now
[15:57] {dptl} yeh it will be hard to surprize me anymore after this week:)
[15:57] {Threei} yeah... dialog with your grandkids:
[15:57] {Threei} look, green elephants are flying in the sky!!
[15:58] {Threei} you: yeah... so what... I saw Oct 10 2008
[15:58] {dptl} lol
[15:59] {peterg} 30 sec
[15:59] {peterg} holding red
[16:00] {patience} glad the work week is done
[16:00] {_xzap} see you guys & gals later :)
[16:00] {peterg} abbsoluto
[16:00] {peterg} by zap
[16:00] {peterg} hope to see you again
[16:00] {Threei} ok guys
[16:00] {Threei} thank you for keeping me company this week
[16:00] {Threei} have a great weekend
[16:00] {hawkfan4} cya all
[16:00] {peterg} quite thew week
[16:00] {Threei} see you all on Monday
[16:00] {patience} tuesday
[16:01] {peterg} Monday
[16:01] {dptl} have a good weekend all:)
[16:01] {peterg} candada holiday
[16:01] {patience} sigh