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Session Time: Thu Oct 23 00:00:01 2008
[07:38] {Nemo} Is anybody out there
[07:44] {Threei} Good morning sleepless souls
[07:44] {Threei} gosh... it's 4:44 am
[07:44] {Nemo} At my age, sleep is a luxury that doesn't come easy
[07:45] {Nemo} Forgot, your on the left coast
[07:45] {Threei} ok... but to yell that loud that early? :)
[07:45] {Threei} kidding
[07:45] {Threei} lemme get that coffee
[07:45] {Nemo} I'm not a chat afficianado...don't know what I'm doing
[07:47] {Threei} it's easy... type here for conversation with evceryone, doubleclick on my nick and type in new window that pops up to talk to me privatelty
[07:48] {Nemo} you referred to yelling...I know in blogging capital letter are considered yelling. I don't have that access
[07:49] {Threei} nah, that just was my cranky morning side, lol
[07:49] {Nemo} oh...your evil twin :)
[07:49] {Threei} futs look ominous so far
[07:50] {Threei} NQ - 19, SP -17
[07:50] {Threei} and ticking
[07:50] {Nemo} when I saw low positives last night I thought it would be a bad day.
[07:51] {Nemo} Haven't heard much about Lehman CDSs settlements. I wonder how much of yesterday was liquidation around that issue
[07:52] {Threei} well, we are so dangerously close to breakdown level, lows of Oct 10 and 16, it starts acting like a magnet
[07:52] {Threei} and iof broken...
[07:52] {Threei} let me look, I posted it yesterday
[07:53] {Nemo} IMO: P/Es have to get down to the 70s lows, and how much of these CDSs have to be wrung out, meaning more liquidations
[07:54] {Threei} [14:20] {Threei} $72B OF CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT THROUGH SELLERS PAYING $5.2B
[07:56] {Nemo} POT trumped earnings but outlook cloudy, trading up 5%. Won't last long.
[07:57] {magoo} morning
[07:57] {Threei} magoo :)
[07:57] {Threei} POT is glorified manure company
[07:58] {Nemo} You ever hear the parable about when the different parts of the body were discussing who should be boss? Manure is very important
[07:58] {Threei} yes, lol
[07:59] {Threei} (RU) S&P REVISES RUSSIA OUTLOOK TO NEGATIVE
[07:59] {Threei} {Russia} Fine, be that way... who to invade next?
[07:59] {Nemo} Russia is a few cities and swamp
[08:00] {Threei} yeah, but one of those cities has a lot of bling
[08:00] {Nemo} Garden Circle. 3 miles of money
[08:00] {Threei} yup
[08:01] {Nemo} Yeah, but cross the bridge...bad day...
[08:01] {Threei} Jobless claims in 28 minutes
[08:01] {Nemo} ADP numbers?
[08:02] {Threei} last 461K, continuing 3.282M
[08:03] {Nemo} LIBOR drop slows 3.535
[08:03] {Threei} after close earnings..,. KLAC, MSFT, GNW, WEN
[08:04] {Nemo} NOV just reporting
[08:04] {Threei} (CA) TO PROVIDE INSURANCE ON WHOLESALE BANKIN BORROWING
[08:05] {Threei} wow
[08:05] {Threei} canadian way to unfreeze credit market?
[08:05] {Threei} to take risk out of it completely?
[08:05] {Nemo} Lemmings doing same thing around the world can you say moral hazard...
[08:05] {Threei} I can feel a lot of unintended consequences coming
[08:06] {Nemo} Must be that 3rd eye talking :)
[08:06] {Threei} lol
[08:07] {Threei} just imagine how wide the gates are being open to lending influenced by greed or corruption, when risk is being completely erased
[08:07] {Nemo} You mean just like before...nahhh
[08:10] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:10] {Threei} - Expectations for initial claims are 468K v prior release of 461K
[08:10] {Threei} - Continuing claims seen at 3.715M v prior 3.711M.
[08:12] {Nemo} DOW profits down, Sales down
[08:12] {Threei} SAUDI ARABIAN OIL MIN: OIL PRICES WILL BE DETERMINED BY MARKET
[08:13] {Nemo} Hahah...I thought they'd play ball
[08:14] {Nemo} This will keep Chavez and Iran at bay, and help keep the price of gold down
[08:14] {Threei} as long as their cuts are reasonably within theior current surplus, they just don't matter
[08:14] {Nemo} Saudi needs $30 oil to pay their bills...more is gravy
[08:14] {magoo} vad, dcc
[08:14] {Threei} and to cut below that trying to create lack of oil, in current situation?
[08:15] {Threei} won't happen, IMO
[08:15] {Nemo} Politically dangerous
[08:16] {Nemo} Gold down again $24
[08:18] {Threei} BALTIC DRY BULK INDEX DOWN 5.9%, 14TH STRAIGHT DECLINE
[08:22] {Threei} be back in 5
[08:27] {Threei} IRAQI OIL MINISTER: OPEC PARTICIPANTS ARE BACKING PRODUCTION CUT, INCLUDING SAUDI ARABIA
[08:27] {Nemo} Yeah, but how much?
[08:29] {Threei} jobless claims in 2 min
[08:29] {Threei} in 1
[08:30] {Threei} NTITAL CLAIMS 478K V 468KE,
[08:30] {Threei} CONTINUING CLAIMS 3.72M V 3.715ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 461K to 463K
[08:30] {Threei} - Prior Continuing Claims revised from 3.71M to 3.73M
[08:31] {Threei} no immediate reaction by market
[08:32] {Nemo} DUG up oil basically unchanged on oil announcement
[08:32] {Threei} UAE: OPEC WILL DISCUSS OUTPUT CUT AT FRIDAY'S MEETING
[08:33] {Nemo} Mmmmh will they announce on Friday, or another weekend where you can't lay bets
[08:34] {Threei} somewhat encouraging how market takes jobless claims so far
[08:35] {Nemo} Getting blase about bad news
[08:40] {Threei} AMERICAN TECH RAISED AMZN TO HOLD FROM SELL, PRICE TARGET: $40
[08:42] {Threei} {AMZN} what kind of upgrade is that
[08:43] {Nemo} The "I don't know what I'm talking about, but I'll fake my expertise" upgrade
[08:45] {Threei} you can almost feel how desperately market is trying to back off this deadly edge, lows of 10/10
[08:50] {Threei} looks like we are in for the wild ride again for these two days
[08:51] {Threei} EMERGING MARKET CURRENCIES OFF SESSION LOWS ON CHATTER THAT IMF WILL PROVIDE $1T AID PACKAGE
[08:51] {Threei} 1T eh?
[08:52] {Nemo} Where's the IMF getting the money. The US is the IMF
[08:52] {Threei} monopoly money is being thrown around
[08:52] {Threei} any amounts are available, just ask
[08:52] {Nemo} Pesos??? I think we're down to rubles?
[08:53] {Threei} still not at mongol tougricks stage yet
[08:53] {Nemo} defensive???
[08:53] {Threei} backed by endless herds of cattle
[08:53] {Nemo} Love that kumis...
[08:53] {lisa_jay} Good Morning.
[08:54] {Threei} lisa :)
[08:55] {Nemo} lvlt loss narrows bid .35 ask .37 close.23
[08:56] {Threei} a bit too narrow for a day traading candidate
[08:57] {Nemo} would expect it to fade nicely today
[08:58] {Onix} Good morning all
[08:58] {Threei} Onix :)
[08:59] {Threei} markets are upticking
[09:00] {Threei} against another bad set of jibless numbers
[09:00] {Threei} jobless too
[09:02] {Threei} AMGN upticking
[09:02] {Threei} announced decent earnings and guidance yesterday
[09:02] {Threei} BC
[09:02] {Threei} REPORTS Q3 -$6.70 V -$0.50E (INCLUDES ITEMS), R $1.04B V $1.16BE
[09:03] {Threei} wow
[09:03] {Threei} -$6.70 V -$0.50E
[09:04] {lisa_jay} JBLU up
[09:04] {Threei} 07:16am [JBLU] Reports Q3 -$0.02 v -$0.04e, R $902M v $899.3Me
[09:05] {Threei} 5.25 is two days resistance for JBLU
[09:05] {Threei} was trying to break it yesterday when market selloff came and took it away from breakout level
[09:05] {Threei} SPOT GOLD BREAKS BELOW $700/OZ FOR FRESH 13 MONTH LOWS
[09:05] {Threei} gold is getting killed
[09:08] {Geo} gm
[09:09] {Threei} geo :)
[09:09] {dino} gm all. end of days again
[09:09] {Threei} dino :)
[09:11] {Threei} JBLU
[09:11] {Threei} CEO: WE ARE COMMITTED TO NO CAPACITY GROWTH IN 2009 - CONF CALL
[09:13] {Threei} OK guys, first, welcome to all gusts,
[09:13] {dino} lol. we are committed to not growing
[09:13] {Threei} move your chairs closer,
[09:13] {Nemo} I'm sensitive about trout
[09:14] {Threei} just don't touch that palm tree in the corner please, last time around too many cigarette butts in the pot damaged it
[09:14] {Threei} we have a rule about not trouting the guests
[09:14] {Threei} although we do break our rules frequently
[09:15] {Threei} second, let's form our working assumptions for the day
[09:15] {Threei} pattern lately was:
[09:15] {Threei} some selling at the opne, steady climb for a few hours, then sharp selloff closer to end of day
[09:16] {Threei} let's go with that for now, with one necessary comment:
[09:16] {Threei} we are very close to a dangerous breakdown level
[09:16] {Threei} so markets are likely tio be even more nervous
[09:17] {Threei} let's for now keep our bets to half lot unless stock is very thick and stop is fairly tight
[09:17] {Threei} alert format includes trigger for a trade, condition and stop level
[09:17] {Threei} like this:
[09:18] {Threei} Long Setup: ABCD 30.01 if stays above 29.90
[09:18] {Threei} 30.01 is a trigger,
[09:18] {Threei} breakdown of 29.90 is invalidating level if broken before triggering
[09:18] {Threei} and stop level if broken after
[09:18] {ese} good morning
[09:18] {Threei} ese :)
[09:19] {Threei} sometimes plays are more discretionary than that,
[09:19] {Threei} then alerts are somewhat fuzzy,
[09:19] {Threei} like:
[09:19] {ese} morning vad...and welcome the members to the board bomer buce nemo et al
[09:19] {ese} new members
[09:19] {Threei} ABCD is a bounce candidate, likely off 19.50 level, watch for nasdaq strength to guide entry
[09:20] {_Bruce} morning all
[09:20] {Threei} bruce :)
[09:20] {Threei} any questions so far?
[09:20] {_Case} Good morning Vad. and team.. thanks for the open house :-)... Question: How do you size "lot" in terms of your total capital per trade?
[09:20] {Threei} don't hesitate to ask if you get any
[09:20] {Threei} good morning case
[09:21] {Threei} we go with risk tolerance
[09:21] {Threei} idea isd:
[09:21] {Threei} you define how much you are willing to lose on any given trade
[09:21] {Threei} industry standard is 1-2% of your trading account
[09:21] {Threei} from here, having your stop loss on particular setup
[09:21] {Threei} you figure out lot size
[09:22] {Threei} example:
[09:22] {Threei} you are willing to lose no more than 200 on a trade,
[09:22] {Threei} stop size is 20 cents,
[09:22] {Threei} you can go with about 1000 share IF stock is thick enough so slippage is not an issue
[09:22] {Threei} when you deal with thin volatile traders, like RIMM,
[09:23] {Threei} no way you can count on no slippage
[09:23] {Threei} so you cut down your size
[09:23] {Threei} I usually iclude this evaliuation in alert
[09:23] {_Bruce} morn vadster
[09:23] {Threei} saying "half lot" or small shares"
[09:24] {ese} bruce...
[09:24] {_Bruce} howdy ese
[09:24] {Threei} for the open, considering volatility, let's keep them all to half lot
[09:24] {ese} vads a typing monster this morning......
[09:25] {Nemo} amazing with that accent
[09:25] {dptl} good morning all
[09:25] {Threei} youmean MIStyping monster?
[09:25] {Threei} dp :)
[09:25] {ese} dp!!!!!!
[09:25] {dptl} :)
[09:26] {_Case} Thanks Vad.. perfectly clear. Followup question: Are you / the regulars here sticking to 1% risk per trade, 0.5% or something higher?
[09:26] {Threei} I am generally keeping it within 1-2%
[09:27] {Threei} as for regulars... they all found and destroyed spy cameras I had installed in their offices... can't tell aymore
[09:27] {_Case} :-)
[09:27] {Nemo} once a kgb guy
[09:27] {Threei} lol
[09:28] {Threei} watching UAUA
[09:28] {ese} 1-2% for me as well
[09:29] {Threei} usually fast one at the open
[09:29] {Threei} sharp dive under 14 if happoens, will be buying opportunity
[09:29] {Threei} it often does that
[09:29] {Threei} consequent run is usually fairly impressive
[09:30] {Threei} open we are
[09:30] {Threei} market upticking
[09:30] {Threei} Long Setup: UAUA 14.20 if stays above 14
[09:30] {Threei} half lot
[09:30] {Threei} that was too fats, don't chase
[09:31] {ese} bstop CTXS 23.01
[09:31] {ese} filled
[09:31] {Threei} 40 cents in one gasp
[09:31] {ese} .5
[09:31] {Threei} 50 even
[09:31] {ese} sory .05
[09:32] {ese} out CTXS .34
[09:32] {Threei} UAUA pulling back
[09:32] {ese} +.29 ....that was a 1/2 ;ot
[09:32] {Threei} lol, that kind of redefines fast
[09:32] {ese} damn does it ever
[09:32] {Threei} if you still had your order at .20, that was the only way to get filled
[09:33] {Threei} if UAUA revisits that level again, it's not an entry anymore
[09:34] {Threei} watch JNPR for entry on pullback closer to 19
[09:34] {dino} ice sm l .25, stop .79
[09:34] {Threei} JNPR here
[09:34] {Threei} stop about 18.95
[09:37] {Threei} UAUA sharp down
[09:37] {Threei} sewe how thrid revisit of 14.20 was not an entery anymore?
[09:38] {_Case} Yes... Oil is up, does it trade in reverse?
[09:38] {Nemo} 3rd revisit breakdown
[09:38] {Threei} latelt UAUA mostly trades with market
[09:38] {Threei} JNPR no worky
[09:40] {lisa_jay} Almost got 1:1 on jnpr, quotes were bad, so too 8c loss. sigh.
[09:40] {Threei} Long Setup: FDRY .50
[09:41] {Threei} if stays above .35
[09:42] {Threei} if this one doesn't work, backing off longs longs
[09:42] {hawkfan4} AMGN .50 small, stop under .25
[09:43] {peterg} good morning all, honored guests
[09:43] {Nemo} market backing off
[09:43] {Threei} peter :)
[09:43] {hawkfan4} 1/2 out .85
[09:43] {Threei} no worky FDRY
[09:44] {ese} hawk are in AMGN?
[09:44] {Threei} market bounces are met with a lot of selling
[09:44] {Onix} stopped JNPR and FDRY
[09:44] {ese} was gonna bstop AMGN at .54.01
[09:44] {hawkfan4} stop .67 amgn
[09:45] {ese} god trading there hawk
[09:45] {ese} good!!
[09:45] {hawkfan4} thx es :)
[09:45] {ese} long AMGN
[09:45] {ese} 1/2
[09:46] {ese} .02
[09:46] {ese} out AMGN .24
[09:46] {ese} +.22
[09:46] {Threei} Short Setup: ADBE .50 breakdown if stays below .70
[09:47] {ese} hawk you still in....
[09:47] {hawkfan4} 1/4 out .20, stop .99 on last
[09:47] {hawkfan4} out
[09:47] {ese} nice
[09:47] {hawkfan4} thx, u2 es
[09:47] {dino} ice stopped -.40
[09:47] {ese} took your lead...tks for idea
[09:47] {hawkfan4} np
[09:48] {Threei} 24.45 is 52 week low for ADBE
[09:49] {Threei} invalidated for now but can become valid again if consolidates a bit closer to .50
[09:49] {lisa_jay} Very gerky movements this morning.
[09:49] {dino} sm l leco .10, stop .73
[09:49] {Threei} yup
[09:49] {Threei} about to trigger ADBE
[09:50] {Raven} beef gerky ?
[09:50] {dino} stopped, ouch, that was fast, sitting back
[09:50] {Threei} lost 52 week support
[09:51] {Threei} 1:1 ADBE, cover half
[09:51] {peterg} hmmmm
[09:51] {Threei} scalpers take full profit
[09:51] {Geo} out half .33
[09:52] {Threei} stop to above .50 for the balasnce
[09:53] {ese} by the way ....what were apples numbers anyone know?
[09:53] {Nemo} APPL forward guidance was very soft...surprise...
[09:54] {hawkfan4} 21-Oct-08 16:47 ET In Play Apple beats by $0.15, misses on revs; guides Q1 EPS below consensus, revs below consensus
[09:54] {ese} tks
[09:55] {Threei} uaua
[09:55] {dino} aapl, rimm green
[09:55] {ese} hmmmmmm$101.00 to $93.00 mild punnishment from the stree
[09:56] {Nemo} double bottom on rimm?
[09:56] {lisa_jay} JBLU
[09:57] {Threei} too far from there nemo... no chasing
[09:57] {Geo} out half adbe
[09:57] {Nemo} too old to chase
[09:57] {peterg} lucky
[09:57] {Threei} yeah, second half ADBE stopped about b/e
[09:57] {Threei} too bad, this one had potential to much bigger
[09:59] {dino} leco last try sm l .50, stop .13
[09:59] {dino} peter :)
[09:59] {hawkfan4} with ya dino .52
[09:59] {dino} ok, lets ride it
[10:00] {Threei} AUG HOUSE PRICE INDEX (M/M): -0.6% V -0.5%E
[10:00] {dino} cme rocking, watch ice
[10:00] {magoo} vad, news BIDU?
[10:00] {ese} the gods are always with you dino......should be no problem for you
[10:00] {Threei} not really
[10:00] {dino} i prefer lady luck
[10:00] {Threei} Merril lowered price target
[10:01] {magoo} to what?
[10:01] {Threei} 390
[10:01] {Threei} OFHEO'S LOCKHART: MUST PREVENT FORECLOSUYRES, FNM AND FRE WILL PURCHASE MORE MORTGAGES
[10:01] {ese} well then.......this is a clean board
[10:01] {hawkfan4} earnings last night mags
[10:01] {Threei} US) SEC'S COX: VOLUNTARY REGULATION DOES NOT WORK
[10:01] {dino} ice off of .00 sm l
[10:01] {Threei} hmmm?
[10:02] {dino} no trig
[10:02] {Threei} FDIC'S BAIR: RECENT ACTIONS ARE HAVING EFFECTS, AFFIRMS THAT FORECLOSURES MUST SLOW
[10:02] {Nemo} Yeah, I promise to lock myself up if I rob a bank
[10:02] {ese} done for the day all......early morning with a couple of meeting....see you tomorow.....
[10:02] {Threei} too much reassuring goes on
[10:02] {magoo} almost geeen here
[10:02] {hawkfan4} cya es
[10:02] {ese} see ya hawk
[10:02] {Threei} take care ese
[10:02] {ese} vad
[10:03] {dino} cya es
[10:04] {peterg} GE now at half of what genius me sold it for this summer
[10:04] {dino} ok, risky, ice trig, wide careful. want a buck
[10:05] {hawkfan4} ICE ..02 small
[10:05] {dino} need rimm aapl to join party imo, otherwise trouble
[10:06] {Threei} AMGN is determined
[10:06] {dino} aapl says fine dino
[10:06] {dino} hawk, careful ice violent pullbacks
[10:07] {hawkfan4} k, thx
[10:07] {dino} next time i start so early hawk, slap me
[10:07] {dino} i'm better at 9:50
[10:07] {hawkfan4} lol, u got it :)
[10:08] {dino} ok, fear/greed on both
[10:09] {Threei} market moved away from breakdown area
[10:09] {dino} close to yesterdays low 8335, maybe????
[10:10] {Threei} RIMM is back into lows
[10:10] {magoo} [10:07] {dino} next time i start so early hawk, slap me
[10:11] {magoo} slap me
06[10:11] * hawkfan4 slaps magoo around a bit with a large trout
06[10:11] * Geo slaps magoo around a bit with a large trout
[10:11] {magoo} i meant dino
06[10:11] * Geo hurts more
[10:11] {hawkfan4} :)
[10:11] {Nemo} easy on trout boys...cousins
[10:12] {Threei} RIMM .60 break long small shares
[10:12] {Threei} if stays above .30
[10:12] {dino} hawk, theres your buck
[10:12] {dino} ice
[10:12] {Nemo} cup and handle on nov?
06[10:13] * dino slaps magoo around a bit with a large trout
[10:13] {dino} lol nemo, how's dori
[10:14] {hawkfan4} beauty dino, 1/2 out .07 +1.05
[10:14] {Threei} invalidated
[10:14] {Nemo} left me for someone with bigger fins :(
[10:14] {dino} great job
[10:14] {Geo} well technically dori knew nemo's dad
[10:14] {Geo} but i am not nitpicking
[10:15] {Threei} RIMM starts looking like breakdown
[10:15] {Threei} lol, broke while I typed
[10:15] {lisa_jay} mixed emotions, chopping up down, up down
06[10:15] * dino slaps Geo around a bit with a large trout
[10:15] {Threei} very choppy, yeah
[10:16] {Threei} nervous market
[10:16] {Threei} Greenspan on TV
[10:17] {dino} it's his fault, but they treat him like a god
[10:17] {Threei} amazing isn't it
[10:18] {_Case} Triangle consolidations forming in SPY,QQQQ? (1-min charts)
[10:18] {Threei} can't place much signifinace in it, case
[10:19] {lisa_jay} uaua and cal selling off hard...dal could be next?
[10:19] {Threei} market doesn't really go with normal patterns today
[10:19] {Threei} if loses 9, lisa
[10:20] {lisa_jay} I tried to short at .13 with stop above .15...not available to short :-(
[10:20] {Threei} available here
[10:21] {Threei} UAUA sudden;y became unavailable
[10:21] {Threei} was yesterday
[10:22] {hawkfan4} available for me
[10:22] {Threei} market slowed down - is it Greenspan effect?
[10:22] {Threei} market used to fall asleep during his testimonies
[10:22] {_Bruce} fitb
[10:23] {Threei} VENEZUELA MIN: OPEC CUT WILL BE AT LEAST 1M/BPD, SEES TWO WAVES OF PRODUCTION CUTS
[10:23] {Threei} looking for breakdown bruce?
[10:23] {Nemo} Saudi response will be most important
[10:24] {hawkfan4} out rest ice +1.46, thx again dino
[10:24] {Threei} good one guys
[10:24] {hawkfan4} thx
[10:27] {dino} ngj hawk
[10:28] {_Bruce} possible break vad- actually thinking long bounce is higher probablility
[10:30] {_Bruce} l fitb 11 stop 6c
[10:31] {_Bruce} stopped fitb
[10:32] {Threei} market feels to be running out of gas again
[10:33] {Threei} Short Setup: ADBE .69 if stays below .85, half lot
[10:33] {Threei} invalidated
[10:33] {Threei} and markety changed its mind on a whim
[10:34] {Threei} am I hallucinating or PETS actually makes 52 week highs?
[10:35] {Threei} *EIA NATURAL GAS INVENTORIES: +70 BCF VS. +75 TO +80 BCF RANGE OF ESTIMATES
[10:35] {Threei} {UNG}
[10:38] {Chaeron} Good morning all. Sorry I'm late
[10:39] {Threei} chaeron :)
[10:39] {Threei} didn't miss much anyway
[10:39] {Geo} hey chaeron
[10:39] {Threei} listlesss market
[10:39] {Threei} Long Setup: AMGN .15 half lot
[10:39] {Threei} if stays above 55.90
[10:40] {hawkfan4} in .17
[10:40] {Threei} half out AMGN closer to .50, scalpers know what to do
[10:41] {Threei} out half
[10:41] {Threei} offer the balance above .70
[10:41] {Geo} .14 out .68
[10:41] {Threei} out in full
[10:41] {Geo} nice vad
[10:42] {Chaeron} beauty Vad
[10:42] {Threei} me? beauty?
[10:42] {Geo} just in time chaer !
[10:42] {Threei} careful chaeron...
[10:42] {Chaeron} missed it Geo
[10:42] {Geo} oh :(
[10:42] {Chaeron} I'm not THAT drunk Vad
[10:42] {hawkfan4} out full .15
[10:42] {Threei} lol
[10:42] {Threei} finally decent play
[10:42] {hawkfan4} beauty call, thx vad
[10:42] {Threei} welcome
[10:43] {dptl} out mgn +.30 and +1.00 ty
[10:43] {_Bruce} amgn ripping long
[10:43] {Threei} wow, out too soon
[10:43] {Geo} maaan
[10:43] {Geo} this one call washed out 2 stoputs
[10:43] {Geo} could have dome more
[10:43] {Threei} that's the idea, isn't it
[10:43] {Threei} keep stops tight
[10:43] {Geo} oh yeah
06[10:43] * Geo mumbles
[10:44] {dino} hawk leco on your own...
[10:44] {hawkfan4} UAUA .88 long, stop under .80
[10:44] {Threei} now, the luckiest one on this trade would be a trader who suddenly fell asleep for 5 minutes after entering
[10:44] {Threei} market got happy all of a sudden
[10:44] {magoo} huh..u wake me?
[10:45] {magoo} wow am i lucky guys
[10:45] {_Bruce} s aapl 98.25 50 c stop
[10:45] {Threei} lol magoo
[10:45] {dino} hey, is that original bruce?
[10:46] {_Bruce} you bet dino
[10:46] {Threei} gutsy short bruce
[10:46] {magoo} BRUCEEEEEEEEEE
[10:46] {Threei} don't oversit
[10:46] {dino} good to see you
[10:47] {_Bruce} out aapl +55 c
[10:47] {_Bruce} you too dino
[10:47] {Threei} beautiful one, wtg
[10:47] {_Bruce} thanx
[10:47] {_Bruce} lucky
[10:47] {Geo} wow twins
[10:47] {Geo} lol
[10:48] {dino} lucky, that a boy bruce
[10:48] {_Bruce} lol
[10:48] {_Bruce} better to be lucky and dumb
[10:48] {_Bruce} than smart and broke
[10:48] {Threei} than poor and at war?
[10:48] {_Bruce} that too
[10:49] {Threei} RIMM is still red
[10:49] {hawkfan4} stopped uaua
[10:49] {dino} okj hawk, out ice .80, +1.80
[10:49] {Threei} UAUA kind of lost it hawk
[10:49] {hawkfan4} sweet, nice dino
[10:49] {Threei} had too big of a run, needs rest
[10:49] {dino} had 2.25 but lost
[10:50] {hawkfan4} yep, tired
[10:50] {dino} like to see pullback to 68.50 area
[10:51] {hawkfan4} i'll be watching it
06[10:51] * _Bruce slaps magoo around a bit with a large trout
[10:51] {dino} thing's like pulp
[10:51] {Threei} APOL
[10:51] {Threei} too jumpy...
[10:52] {Threei} had an idea of long near 61
[10:52] {Threei} but thing teleports in seconds
[10:52] {magoo} 1 day we are going to get 600 up...just don't know when...we are riculously oversold
[10:52] {Threei} let's let APOL go, too jerky
[10:52] {Threei} we are mags
[10:53] {Threei} not to say we can't sell more
[10:53] {Threei} but rememner up days last week or two
[10:53] {magoo} not saying bull mkt...but c'mon...shorts win every day
[10:53] {Threei} those were the easiest money in a year
[10:53] {Threei} no even need to scalp, buy and hold for a few hours
[10:54] {Threei} pretty much looking forward to datys when market returns to this mode
[10:54] {Threei} days too
[10:54] {magoo} i know..and shorting here feels like suicide...but i would have produced great $$ all week'
[10:54] {Threei} actually, looking at chart right now
[10:54] {Threei} we pretty much may get it today
[10:55] {dino} fwlt sm l .00, stop lod
[10:56] {dino} yes today and a bit more tomorrow, perhaps monday too, then more death
[10:56] {Threei} very well could be
[10:57] {Threei} I won't even pretend I can foretell what this crazy market is going to do, lol
[10:57] {Threei} OK
[10:57] {Threei} Long Setup: NQ 1255
06[10:57] * Geo just acquired an 8 ball and polishing it
[10:57] {Threei} stop under 1250
[10:58] {Threei} Short Setup: QID into bounce, small shares
[10:58] {Threei} as close to 76.50 as you can get
[10:58] {Threei} yeah right QID says
[10:59] {Threei} here it is
[10:59] {Threei} if you got QID around .30-.40, stop above .60
[10:59] {Threei} cover half here
[10:59] {Threei} scalpers cover in full
[10:59] {Geo} NQ? target?
[11:00] {Threei} NQ half out into spike above .60
[11:00] {Threei} there
[11:00] {Geo} :)
[11:00] {magoo} vadd..at what level will buy programs trigger?
[11:00] {Threei} QID, who held balance feel free to cover in full under 75
[11:01] {hawkfan4} 1/2 out nq +10, thx vad
[11:01] {magoo} qqqq 33.50?
[11:01] {Threei} no idea mags
[11:01] {Threei} I haven't programmed them
[11:02] {Threei} QID gave over a dollar
[11:02] {dino} fwiw gap from yesterdays' open and tues. close, dji 9033
[11:03] {Threei} NQ hit 1:2 actually... missed that whilke messing with QID
[11:03] {Geo} yeah out
[11:03] {Threei} out in full?
[11:03] {Geo} TY
[11:03] {Threei} cool
[11:03] {Threei} welcome
[11:04] {Threei} DOW CEO: EQUITY MARKETS HAVE BECOME DISCONNECTED FROM REALITY
[11:04] {Threei} you don't say
[11:05] {Threei} btw, one comment for guests
[11:05] {Threei} when we make a call on NQ,
[11:05] {Threei} it's a general market read,
[11:05] {Threei} and if you don't play e-minis
[11:06] {Threei} you can follow the call with any of the stocks you have on watch IF that stock follows the market
[11:06] {Geo} back in black !!!
[11:06] {Geo} and then some
[11:06] {Threei} have a look at
[11:06] {Threei} RIMM
[11:06] {Threei} AAPL
[11:06] {dino} gj geo
[11:06] {Threei} ADBE'
[11:06] {Threei} DELL
[11:07] {Threei} they all did what NQ did
[11:07] {Threei} plaaying any oftehm you can follow the NQ/QID call
[11:07] {Threei} just identify entry point matching NQ trigger
[11:08] {Threei} if any questions about the concept, don't hesitate to ask
06[11:08] * Geo asks if he can have some more please
[11:08] {Threei} be back in 10 while you think about questions
[11:08] {Threei} real questions... not like one above {Grin}
[11:09] {peterg} what use for NQ?
[11:09] {Geo} for americans? biggest is taxation and lower costs and lesser reporting
[11:09] {Geo} and oh yeah leverage
[11:10] {peterg} anybody? I mean what index do you access & read for NQ, or am I missing the point?
[11:10] {magoo} qqqq
[11:10] {peterg} got thta, thks
[11:10] {magoo} i keep up minute chart all the time
[11:10] {magoo} cant trade without it
[11:11] {Geo} yup
[11:11] {dino} nihd blood
[11:11] {dino} i watch ndx
[11:12] {magoo} another good indicator of naz direction is aapl too peterg
[11:12] {lisa_jay} Magoo you have both nq and qqqq 1 min charts?
[11:12] {magoo} i use just qqqq
[11:12] {magoo} really helps
[11:13] {peterg} Lisa, you got nq?
[11:13] {lisa_jay} yes.
[11:13] {Geo} qqqq trades like NQ almost perfectly
[11:13] {lisa_jay} TOS charts.
[11:13] {peterg} tks
[11:13] {Geo} if you hav TOS watch NQ
[11:13] {peterg} TOS....?
[11:14] {lisa_jay} think or swim
[11:14] {peterg} lol
[11:14] {Geo} best platform ever for options
[11:14] {peterg} me just have laser
[11:14] {Geo} laser and IB here
[11:14] {peterg} International Bridge
[11:15] {peterg} Irritable Bowel
[11:15] {peterg} sorry
[11:15] {magoo} dino has cyber and BO
[11:15] {Geo} Interactive Brokers longterm and NQ only
[11:15] {Geo} hahahahaha
[11:15] {Threei} back
[11:15] {peterg} :)
[11:15] {magoo} smoke?
[11:15] {peterg} if so, what?
[11:15] {lisa_jay} Geo if not buys dcc?
[11:15] {Threei} lol
[11:15] {dino} out fwlt .40, +.40
[11:16] {Geo} sure
[11:16] {lisa_jay} sorry busy.
[11:16] {Threei} nice... our provincial govt cut income tax by 5% retroactive to beginning of 2008
[11:16] {Geo} wow
[11:16] {Geo} so canadians capitalist now?
[11:16] {Threei} good one dino, wtg
[11:17] {dino} i'm moving to canada. out idiots want to raise taxes in recession
[11:17] {Geo} my residency in canada expires this dec sniff
[11:17] {Threei} that was exactly what turned crash of 1929 and potential recession into depression
[11:17] {Threei} capital tax raise, isolationism
[11:18] {Chaeron} dino is Ireland a better choice?
[11:18] {dino} dk, i'm usa
[11:18] {Threei} trying to gauge if market is out of gas or just taking a breather here
[11:18] {dino} ice dropping
[11:19] {Threei} feels like small bounce and more drop for now
[11:19] {dino} right now 40% of americans pay no tax, and they want to raise it on ones paying
[11:19] {Geo} 40% really???
[11:19] {dino} y
[11:19] {Geo} man i feel overtaxed
[11:20] {dino} top 10% pay 50%
[11:20] {Threei} if materializes, watching DELL for short into bounce closer to 12.40
[11:20] {dino} to be in top 10% you only have to make $93k
[11:20] {Geo} and how much do they make?
[11:20] {Geo} 90?
[11:20] {dino} which today is not much
[11:20] {magoo} geo..i thought u were usa
[11:21] {Geo} ?
[11:21] {magoo} us citizen
[11:21] {Geo} nope
[11:21] {dino} all we do is lower the income level for "wealthy" and tax the sh#t out of them
[11:21] {Geo} Univ filed in 2003
[11:21] {Geo} still waiting behind the illegals
[11:22] {dino} class warfare in this election
[11:22] {dino} and my ranting is done for today
[11:22] {magoo} thank goddddddddd
[11:22] {Threei} lol
[11:22] {magoo} hes throwing stuff in my direction again vad
[11:22] {_Bruce} rant rant rant
[11:22] {_Bruce} fume fume fume
[11:23] {Threei} UPS
[11:23] {Threei} CFO: FORECASTS WORLDWIDE EXPORTS +5% IN Q4 - CONF CALL
[11:23] {_Bruce} what we need to do is strat taxing these low life day traders
[11:23] {_Bruce} specially guys like mags
[11:23] {dino} we already pay highest rates
[11:23] {dino} short term gains, then amt hits
[11:24] {Threei} FDIC'S BAIR: WILL SEEK TO CLOSE BANKS EARLY THAT MAY FAIL, WILL BE 'PLENTY' MORE
[11:24] {Threei} oh great
[11:24] {Geo} wow dino
[11:25] {Geo} i i get hit six ways to sunday.... pay SSN even if not eligible
[11:25] {Threei} US TREASURY'S KASHKARI: WILL DEPEND UPON REGULATORS IN DECISION MAKING PROCESS REGARDING WHICH BANKS TO TAKE EQUITY STAKES
[11:25] {Geo} consider it the price for being here myself
[11:25] {Threei} DELL didn't even try to bounce
[11:25] {Threei} too bad
[11:28] {dino} risky sm s ice .10
[11:28] {dino} stop .51
06[11:28] * laserdave1 slaps Threei around a bit with a large trout
06[11:28] * laserdave1 slaps Threei around a bit with a large trout
06[11:28] * magoo slaps Threei around a bit with a large trout
06[11:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[11:28] * laserdave1 slaps Threei around a bit with a large trout
[11:28] {Threei} sigh
06[11:28] * laserdave1 slaps Chaeron around a bit with a large trout
[11:28] {Threei} relax guys
[11:28] {Threei} oh, that's actually what you are doing
[11:29] {Threei} Short Setup: ADBE 25 break if stays under 25.15
[11:30] {Geo} invalid?
[11:31] {dino} ice stopped cov -.43
[11:31] {Threei} for now, yes, but if consolidates here for a few again, and market resumes downward will be valid again
[11:31] {Geo} ok
[11:32] {dino} cedc sm l .80, stop lod
[11:33] {Nemo} just sittin' watchin' the paint dry...
[11:33] {Threei} valid again with market help
[11:37] {Threei} let's trail stop to above .10
[11:37] {Threei} just too unclear here, want to keep stop tighter
[11:38] {Threei} last bounce topped out at .05, so trailing to .10 is reasonable
[11:40] {Threei} die already ADBE
[11:40] {laserdave1} magoo dcc
06[11:40] * Threei smacks ADBE on the head with 2x4 endowed with rusty nails
[11:42] {Geo} half out .85
[11:42] {Threei} Attention: ADBE 1:1
[11:42] {Threei} half out, scalpers take profit
[11:42] {Threei} stop for the balance to just above 25
[11:42] {lisa_jay} 15c, thanks Vad.
[11:42] {Threei} welcome
[11:44] {_Dean} 2:1, Thanks Vad.
[11:44] {Threei} :)
[11:45] {Threei} 1:2
[11:45] {Threei} 1/4 out or cover in full
[11:45] {Threei} your choice
[11:45] {Threei} if keeping 1/4, stop to .91
[11:46] {Threei} ok, this I don't get:
[11:47] {dino} ice sm s .50, stop .01
[11:47] {Threei} Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
[11:47] {Threei} ``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, said at a conference in London today. ``There will be massive dumping of assets,'' and ``hundreds of hedge funds are going to go bust,'' he said.
[11:47] {_Dean} 1:3 last half. ty .
[11:47] {Threei} good job Dean
[11:47] {Threei} explain to me please, what those funds are going to do if markets are closed
[11:47] {_Dean} All Hail Vad!
[11:47] {Threei} how do they liquidate?
[11:48] {Threei} or he means they won't?
[11:48] {Geo} they panic and dump when markets open
[11:48] {Geo} thus even worse
[11:48] {Chaeron} hmmm "sheer panic"... we're close to a bottom
[11:48] {Nemo} Vad the scalper...like Vad the impaler?
[11:48] {Threei} then what happens over this week to prevent dumping when it opens?
[11:48] {peterg} I will buy 1 million shares for .10c
[11:48] {Threei} lol nemo
[11:48] {Geo} thats what he was calle din high school
[11:48] {hawkfan4} Vad the Trouter
[11:48] {Geo} out
[11:48] {Nemo} How does one trout?
[11:49] {Nemo} I'm getting bad visuals
06[11:49] * Threei swears he never tells anyone where nicknames Enforceer and KneeCapSAhooter came from
[11:49] {Chaeron} Right click on nick you want to hit and select from drop down menu
[11:49] {Geo} 27 cents TY vad
[11:49] {Threei} welcome sir
06[11:49] * Chaeron slaps Nemo around a bit with a large trout
[11:50] {Threei} yeah... like that
[11:50] {Nemo} That's fratricide!!!
[11:50] {dino} ice stopped again,
[11:50] {peterg} nemo, thats this group for ya
[11:50] {peterg} also, can commit trout suicide
[11:51] {Threei} ``Systemic risk has become bigger and bigger,'' Roubini said at the Hedge 2008 conference. ``We're seeing the beginning of a run on a big chunk of the hedge funds,'' and ``don't be surprised if policy makers need to close down markets for a week or two in coming days,'' he said.
[11:51] {Threei} I feel like I am in some parallel universe
[11:52] {peterg} era ouy
[11:52] {Nemo} Those countries running to the IMF is just like running to the US. This is for reserve currency control
[11:52] {Threei} in the one I live in these things just don't happen
[11:54] {Threei} we all may have to move back to Kripton
[11:54] {Nemo} I'll lose my superpowers :(
[11:54] {peterg} Jor-el, where are you now?
[11:54] {Threei} should be easy transition for magoo, he is a Martian anyway
[11:55] {Threei} (RU) RUSSIAN PRESIDENT MEDVEDEV: RUSSIA HAS THE POTENTIAL TO AVOID BANKING AND CURRENCY CRISIS
[11:55] {dino} now ice falls, sheesh
[11:55] {Threei} Imo... THOSE THAT DO DON'T TALK LIKE THAT
[11:56] {Threei} oops, sorry caps
[11:56] {Nemo} That hurt my ears
[11:57] {Geo} yeah kashkari !!!
[11:57] {Geo} spreading the wealth
[11:57] {Geo} post the nes pls vad
[11:57] {Threei} Short Setup: UAUA .50 break if stays below .65
[11:57] {Geo} news
[11:57] {Threei} what news geo?
[11:58] {Geo} 8:56
[11:58] {Geo} TTN
[11:58] {Geo} [08:57] {Geo} yeah kashkari !!!
[11:58] {Geo} [08:57] {Geo} spreading the wealth
[11:59] {Threei} oh, lol
[11:59] {Threei} you confudsed me with time stamp
[11:59] {Threei} TREASURY'S KASHKARI: A 'FEW WEEKS' ARE NEEDED BEFORE THE NEXT SEGMENT OF BANKS ARE ANNOUNCED FOR PARTICIPATION IN TARP PROGRAM
[11:59] {Threei} - Will attempt to to have $250B in equity injections done by year end
[12:00] {Threei} it's 11:56 in trading world, you see
[12:01] {Geo} there is only one world
[12:01] {Geo} SoCal
[12:01] {_Muddleheaded} Vad, how to you manage $US/CDN exchange? Do you convert $US to $CDN every night?
[12:01] {_Bruce} mos looks weak - possible short - can be very volatile trader
[12:01] {Threei} no muddleheaded (what a nick, lol)
[12:01] {Geo} :)
[12:01] {Threei} money is in USD tading account
[12:02] {Threei} when I withdraw profits, I convert to CAD
[12:02] {Threei} sometimes waiting for a few days if I see chart as an opportunity to get a better rate
[12:02] {_Muddleheaded} Do you think the $CDN is oversold?
[12:03] {Threei} really no idea... was it oversold when exhcnage rate was around .60?
[12:03] {lisa_jay} uaua stil valid Vad?
[12:03] {Threei} yes lisa
[12:03] {Threei} see, CDN is pretty much petro currency,
[12:03] {Threei} commodity currency,
[12:04] {Threei} with commodities going into basement, it's no wonder CAD drops,
[12:04] {_Muddleheaded} That's for sure, thanks Vad.
[12:04] {Threei} then cycle starts:
[12:04] {Geo} booohoohoo
[12:04] {Threei} economy weaknes,
[12:04] {Geo} UAUA not available
[12:04] {Threei} BoC has to cut rates
[12:04] {Threei} which weakens CAD even more
[12:05] {Threei} and US economy is the basement which means sharp drop in non-oil related sectors in Canada
[12:05] {Threei} we see it in Ontario as we speak
[12:05] {Threei} so it's kind of triple whammy on CAD
[12:05] {Threei} UAUA 1:1
[12:05] {_Bruce} out mos + 42c
[12:05] {Threei} half out or take scalp
[12:06] {Geo} ?
[12:06] {Geo} laser didnt let me
[12:06] {Threei} no
[12:06] {Threei} but some may have it for short
[12:06] {Geo} i know
[12:06] {Geo} you in the superlicious secret group vad?
[12:06] {Threei} so I provide commentary for all, not limiting them to you only Geo... sorry
[12:07] {Chaeron} Geo thinks he's the center of the universe :)
[12:07] {peterg} he's not?
[12:07] {Geo} thats what you told me over beer chaeron !!!
[12:07] {Threei} well, I can't blame him, I think pretty much the same of myself
[12:07] {Chaeron} just wanted to make you feel good buddy :)
[12:07] {Threei} and it comes as a great surprise to me when I see people thinking otherwise
[12:07] {Geo} lol chaer
[12:08] {Geo} just wistfull about 20 cents thats all
[12:08] {Threei} amazingly enough, there are 7 billions of those
[12:08] {Threei} can you believe it?
[12:08] {_Bruce} rimm headiong to daily lows
[12:08] {Chaeron} I can't believe with as stupid as the human race is, we've reached 7B
[12:08] {Geo} hey magoo you there?
[12:08] {Threei} yeah, looking at RIMM for short at .50 break
[12:08] {Threei} would prefer some bounce first though
[12:09] {Threei} why chaeron... this I actually find easy to believe, considering how little smarts the process requiress {Grin}
[12:09] {Geo} really?
06[12:10] * Geo will go back in PG mode
[12:10] {lisa_jay} 22c on UAUA thanks Vad.
[12:10] {Threei} skipping RIMM short here
[12:10] {Threei} welcome lisa
[12:10] {Geo} damn
[12:10] {Geo} nice lisa
[12:10] {Threei} muddle... one more comment on CAD
[12:10] {lisa_jay} Thanks Geo.
[12:11] {Chaeron} thanks Vad... nice cancel notice... saved me big... -.08 only on RIMM
[12:11] {Threei} consider this market manner to overshoot reasonable targets
[12:11] {_Dean} out in full uaua 1st half 1:1 second half 1:2.5, second realitytrader trade both winnners
[12:11] {Geo} wierd spike
[12:11] {Threei} I was hesitant on it from get go chaeron
[12:11] {Threei} eread my first comment
[12:11] {Chaeron} I know... but you know I'm aggressive
[12:11] {_Muddleheaded} I guess everything is unreasonable now, thanks Vad.
[12:11] {Threei} beautiful Dean
[12:12] {Threei} right, that's what I mean
[12:12] {_Dean} thank you sir!
[12:12] {Threei} if fundamen tals say CAD should be where it is now (I don';t know if they are)
[12:12] {Threei} then market is very likely to overshoot it by moving much further in trend direction
[12:13] {Threei} just take a look at daily chart UAUA
[12:13] {Threei} the most fresh example
[12:13] {Geo} 15 res
[12:13] {Threei} frikin thing drops from about 14 to under 5
[12:14] {Threei} from 09/16
[12:14] {Threei} rallies from there to over 16
[12:14] {Threei} was there such drastic change of fundamentals over such short period of time?
[12:14] {Threei} this is state of utter confusion
[12:15] {Threei} and emotions-driven trading
[12:15] {peterg} you mean.....market is not unlike gambling?????
[12:15] {Threei} ummm
[12:15] {peterg} never mind
[12:15] {Threei} there are some analogies
[12:15] {peterg} kdg
[12:15] {Threei} but look at it this way
[12:15] {Nemo} yeah...gambling's one of 'em
[12:15] {Threei} no, it's a valid angle
[12:16] {Threei} there are gamblers that simply gamble
[12:16] {Threei} and there are those that watch faces
[12:16] {peterg} agree & like the emphasis on multiple perspectives
[12:16] {Threei} count cards
[12:16] {lisa_jay} I am one of them...
[12:16] {Threei} remember movie Rounders?
[12:16] {lisa_jay} Gambler that is
[12:16] {Nemo} and then there's the 3rd eye
[12:16] {Threei} amazing analogy between a good professional card player and trader
[12:16] {Nemo} Rounders...great movie
[12:17] {peterg} third ear from psychoanalyst Reik, i think
[12:17] {Threei} so, in a sense that a trader as a good gambler needs to know patterns,probabilities and read emotions, yes
[12:17] {peterg} Third eye--Hindu concept?
[12:17] {Nemo} shamanistic concept
[12:17] {peterg} I like tt
[12:17] {Threei} in a sense that trading is just like throwing aa dice and hoping... only if it's a bad trader :)
[12:18] {Nemo} goes back to Tungusia...yes, beard?
[12:18] {Threei} lol
[12:18] {Threei} never been there
[12:18] {Nemo} Nothin but mosquitos and kumis, and people w/no teeth
[12:18] {peterg} where?
[12:18] {peterg} Tungusia?
[12:19] {peterg} near Louisiana?
[12:19] {peterg} or Urals?
06[12:19] * Geo totally lost
[12:19] {Nemo} russian hinterlands north of china/mongolia
[12:19] {peterg} wos
[12:19] {Geo} ok
[12:19] {peterg} wow
[12:19] {dino} ugh ice, stopped my short by .20, then drops 2.30
[12:20] {Threei} market is back to a pattern of selling second half of the day
[12:20] {Threei} let's watch for bounces to short into
[12:20] {Threei} RIMM bounce into .60 - .70 resistance area
[12:21] {Threei} wow ADBE... did we cover early
[12:21] {Threei} or rather... why didn't we reshort bounce back into 25
[12:21] {Threei} anyway, nearest resistance is .65 - .70 area
[12:21] {Nemo} too busy chatting
[12:22] {Geo} i guess vads a good host
[12:22] {Threei} lame excuse but I'll take it
[12:22] {Geo} making polite conversatiopn
[12:22] {Geo} lol
[12:22] {peterg} some champagne with your shrimp, sir?
[12:22] {Threei} well, it's either that or vodka Geo...
[12:22] {Nemo} I missed skf turn...caviar please...
[12:23] {Nemo} vodka...ran out last night
[12:23] {Threei} ADBE topped out at .59
[12:23] {Threei} a bit too fast to catch it there
[12:23] {Threei} or someone managed?
[12:23] {Chaeron} was waiting in the 60s
[12:23] {Chaeron} beuty call tho
[12:24] {Threei} RIMM nowhere even closer to resistancer
[12:24] {Chaeron} beauty too
[12:24] {Threei} market edges toward that dreadful support to break again
[12:24] {Threei} see how pace picks up as we move toward it?
[12:25] {Threei} nervous players start liquidating
[12:25] {Threei} this starts feeling like self-fulfiling fear
[12:26] {peterg} wonder how this will end today
[12:26] {Threei} not pretty, my bet
[12:26] {peterg} feels like it
[12:27] {Nemo} what are the support levels?
[12:27] {Threei} for today, NQ 1220 to break to launch next wave of panic
[12:27] {Threei} and on daily, 1200
[12:28] {Nemo} is that CAD?
[12:28] {Threei} loss of that is likely to be a terrifying event
[12:28] {Threei} CAD?
[12:28] {Threei} no
[12:28] {Threei} NASDAQ e-minis
[12:28] {Geo} waiting at 19
[12:28] {Threei} QID
[12:29] {Threei} for those who don't trade NQ
[12:29] {Nemo} Ive got Nasdq at 1600 support...oops
[12:29] {Geo} wo
[12:29] {Threei} by NASDAQ you mean COMP?
[12:30] {Nemo} I'm only in the US and we speak the same language. I have NASDAQ, DJ, and S&P as basics
[12:30] {Geo} one lot coever at 15
[12:30] {Threei} NASDAQ is measured by diff indicators
[12:31] {Geo} other breakeven
[12:31] {Geo} a bit skittish
[12:31] {Threei} COMP is whole NASDAQ
[12:31] {Threei} NDX is NASADAQ 100
[12:31] {Threei} and what I use is NASDAQ 1-- e-minis,
[12:31] {Threei} which is NQ
[12:32] {Geo} all out 4 + 1 points
[12:32] {Nemo} don't know minis here
[12:32] {Geo} minis usually lead IMO nemo
[12:32] {Threei} right, that's why we prefer them as leading indicator
[12:32] {Geo} COMPX NDX is an aggregate taken after the fact
06[12:33] * Geo agrees
[12:33] {Threei} in terms on COMP, corresponding level to short was 1600,
[12:34] {Threei} and dreadful support on daily is 1545 roughly
[12:34] {Threei} 1540 - 1545
[12:36] {Threei} some have amazing knuck for stating the obvious, going even furter than mine:
[12:36] {Threei} (BR) PRESIDENT LULA: THE IMPACT OF THE GLOBAL CRISIS MAY BE "PARTICULARLY SEVERE"
[12:36] {Threei} no really?
[12:36] {Geo} TY vad
[12:36] {Geo} crawled back and hit daily
[12:36] {Threei} cool beans
[12:37] {Geo} rimm
[12:38] {Threei} market is torn between "oanic" and "don't panic"
[12:41] {dino} this market feels bad, imo
[12:41] {Threei} OK, panic
[12:41] {dino} feels like 7900 coming again
[12:42] {Threei} NASDA is about to revisit yesterday's low
[12:44] {Threei} if NASDAQ reverses back down, look to short ADBE wih stop above .50
[12:45] {Threei} if NQ goes above 1223, panic is canceled for now
[12:46] {Threei} postponed to be exact
[12:46] {Geo} :)
[12:49] {Threei} Short Setup: ADBE .39 if stays below .50
[12:51] {Threei} come on market give up... time to panic
[12:51] {Threei} ugh
[12:51] {dptl} stopped
[12:52] {Threei} yup
[12:52] {Geo} out .52
[12:52] {Threei} most likely just a shakeout but not going to take any chances
[12:52] {Threei} anything is possible in this environment
[12:53] {Threei} keep stops tight and keep them religiously
[12:54] {_Dean} Still in ADBE from .39
[12:54] {dptl} valid again?
[12:54] {Threei} don't know dp
[12:54] {Threei} no rhyme or rythm here
[12:55] {Threei} I like easy money
[12:55] {Threei} this is not
[12:58] {Threei} Dean wins
[12:59] {_Dean} Not yet risked 15 cents.
[13:00] {_Dean} out in full
[13:00] {Threei} just in time
[13:00] {_Dean} thank you sir!
[13:01] {Threei} welcome
[13:01] {Threei} really feels no matter how much market is trying. panic selloff is inevitable
[13:01] {_Dean} 3 realitytrader trades 3 wins! can't beat that!
[13:02] {magoo} feels like 500 down today
[13:02] {Threei} and on one of them you did better than we did, lol
[13:02] {Threei} mags, then look for QID entry
[13:02] {_Dean} lol
[13:03] {Threei} here we go... inching toward yesterday's low
[13:03] {Threei} broke
[13:03] {Threei} 1200 is within spitting distance
[13:05] {dino} gj dean
[13:05] {Threei} next wave of selling should take us into 1200,
[13:05] {Threei} little bounce
[13:06] {Threei} then breakdown and wave of red all over
[13:06] {_Dean} thank you dino
[13:06] {Threei} FHFA'S JAMES LOCKHART: THE FOCUS SHOULD BE ON GETTING THE GSES OUT OF CONSERVATORSHIP
[13:06] {Threei} {FRE FNM}
[13:06] {Threei} hmmm
[13:06] {Threei} can they do that?
[13:08] {Threei} bounce just like yesterday
[13:08] {Threei} don't trust it yet
[13:09] {Threei} CALIFORNIA MORTGAGE DEFAULTS DOWN 22.5% SEQUENTIALLY, BUT UP 30% Y/Y - DATAQUICK
[13:13] {Nemo} adbe getting off the mat??
[13:13] {Threei} just follows the market
[13:15] {Threei} still can't tell if we are off the hook for today or it's just a small bounce before swan dive
[13:16] {Threei} if we consoidate a little between 1215 and 1220 and break 1220, relief rally is likely
[13:16] {Nemo} Nahhh...it's a big, barbed, hook...and we ain't talkin' trout hook
[13:16] {Threei} broke 1220
[13:16] {Threei} not much of consolidation though
[13:19] {Threei} watching LVS
[13:20] {Threei} pullback buy with .50 support
[13:20] {Threei} if market sighs with reliefe, likely to go over 9
[13:21] {dino} wow lvs 150 to 8
[13:21] {Threei} took .58-.61
[13:21] {Threei} uhhu
[13:22] {Threei} there is a lot of bathwater around but I am sure there are some soapy slippery babies too
[13:22] {dino} pretty amazing, dropping stocks 20-30%/day
[13:23] {Threei} most incredible thing is,
[13:23] {Threei} it continues over and over again
[13:24] {dino} thats the amazing part.
[13:25] {dino} ironically all of the buybacks by companies are losers too. they should have gotten rid of debt, not bought back stock 2x-5x higher
[13:25] {dino} what a waste
[13:25] {Nemo} buy backs were signals to get out
[13:25] {dino} yes
[13:25] {Nemo} signals for insiders...that is
[13:26] {Threei} low volume pullback
[13:26] {dino} bunch of idiots. retire debt not buy stock....or give it to shareholders
[13:26] {dino} wasted trillions
[13:26] {Threei} now, if we are holding above 1210 and go back over 1220, we are out of the woods for the day
[13:26] {Threei} lose 1210, all bets are off
[13:26] {dino} 8800 on dji recent resistance
[13:27] {Nemo} they did give it to shareholders who turned in their stock
[13:27] {dino} 8335 recent support
[13:27] {dino} lost me nemo
[13:27] {Threei} OPEC PRESIDENT KHELIL: THERE IS NO CONSENSUS ON HOW MUCH OPEC SHOULD CUT
[13:28] {Threei} and when they cut there won't be consensus who actually cuts and who continues pumping like there is no tomorrow
[13:28] {dino} but heres' ge that reat company that everybody praises jack welsh about. bought back couple billion at 35
[13:28] {dino} plus jack put them in the mess
[13:28] {Threei} IMF OFFICIALS DENY RUMORS OF A TOTAL AMOUNT OF $1.0T FACILITY
[13:28] {Nemo} If you were a financial insider, you knew the feces were about to hit the ventilator
[13:29] {Nemo} You offer a buyback at the top of the market, contact wealth managers at the largest firms, and your largest shareholders, and tell them to sell
[13:30] {dino} it sure looks that way
[13:30] {dino} and then of course, blame the shorts
[13:30] {Nemo} nope
[13:31] {Nemo} naked shorting is another story...it's fractional reserve selling
[13:31] {lisa_jay} Vad, long LVS stop still under .5
[13:31] {Threei} yup
[13:31] {dino} my point, the shorts were right
[13:31] {Threei} NQ lost 1210
[13:31] {Threei} not good
[13:32] {Threei} stopped LVS'
[13:32] {dino} another leg down coming
[13:33] {Threei} CNN: election result impact on market
[13:34] {Threei} ADBE breaks day low
[13:37] {Threei} 1200 scares the hell out of market
[13:37] {Threei} tries to move away from it
[13:37] {Threei} then comes back like rabbit ti a snake
[13:38] {dino} jumping 70 pt in minute
[13:38] {Threei} amazing
[13:38] {dino} that used to be a day
[13:40] {Threei} usually this kind of abnormal volatility signalled trend reversal
[13:41] {Threei} yet who will risk to say ultimate bottom is in
[13:41] {dino} bruce will
[13:42] {_Bruce} tough call dino - still thinking down though
[13:42] {dino} you don't want to know what i'm thinking
[13:43] {_Bruce} lol
[13:43] {Threei} coarse languagem vioelnce and nudity?
[13:43] {Threei} only in better typing
[13:43] {Threei} OK... feels like we are more likely to put relief rally on
[13:44] {dino} aapl green
[13:44] {Threei} ADBE long on this pullback
[13:44] {Threei} .15
[13:44] {Threei} half lot
[13:45] {Threei} stop under 24
[13:45] {dino} hope you're right 3i. my gut says -500 today
[13:45] {Threei} not a scalp for me
[13:45] {Threei} looking to sell closer to .50
[13:46] {Threei} stop is tight enough dino...
[13:46] {Threei} this kind of trades with this riskm we are taking every day many times
[13:48] {Threei} market is defending this support with all the fury of mama bear
[13:48] {Threei} hunters are circling though, lol
[13:48] {Geo} heheh excellent commentary vad
[13:49] {Geo} out
[13:49] {Threei} ADBE holding by the tread
[13:51] {Threei} market looks into abyss and backs away from it... then comes back with scared curiosity
[13:51] {Nemo} are you out?
[13:51] {_Case} Feels like sell programs are drawing descending triangles.
[13:51] {magoo} back
06[13:51] * _Bruce slaps magoo around a bit with a large trout
[13:51] {_Case} I've witnessed this on Bailout Friday
[13:51] {Threei} ok, out ADBRE
[13:51] {magoo} nice..i miss that bruce
[13:51] {_Bruce} aapl at lows
[13:52] {Threei} 1200 is tagged
[13:52] {_Case} Watched the texbook collapse... but stayed in... thinking it's a fade...
[13:52] {_Case} Only to regret on Crash Monday
[13:53] {Threei} shakeouts all arounbd'
[13:53] {Threei} no bounce, no breakdwon
[13:53] {magoo} vad 1200 correspondes to where on qqqq 29?
[13:55] {Threei} just under 29.50
[13:56] {Nemo} RIMM: steady uptrend since 12:30
[13:56] {_Bruce} -500 dino?
[13:56] {hawkfan4} geesh, JASO 4.75, ESLR 2.52, SOLF 5.54. Where have all the good times gone?
[13:56] {_Bruce} lets borrow vads money and short the hell out of market
[13:57] {Threei} his projection for DJI Bruce
[13:57] {Threei} look at CSIQ hawk
[13:57] {Threei} can you believe this price?
[13:58] {hawkfan4} sad, so sad. they were such good friends too
[13:59] {hawkfan4} DRYS 17.70 and looks like it's headed to single digits
[14:01] {dino} lod
[14:02] {dino} 8335
[14:02] {dino} breaking
[14:02] {Threei} here comes dreadful breakdown
[14:02] {dino} oh oh, 8200 then capit 7900
[14:03] {_Bruce} halloween havoc
[14:03] {Threei} totally
[14:03] {Threei} panic ensues
[14:05] {_Bruce} 25 is low for q's - not quite there yet
[14:05] {Threei} strong magnet
[14:05] {Threei} bounces are meek
[14:06] {_Bruce} meek - you talkin market or magster?
[14:07] {Threei} watch NQ for short around this level
[14:07] {Threei} and QID for long
[14:07] {Threei} very hard to assign exact numbers
[14:08] {Threei} if you get a feel, go for it, if not just sit it out
[14:09] {Threei} if dino is right and we headed for -500, QID goes for 86 or more
[14:10] {dino} lol
[14:11] {Threei} -200 so far
[14:11] {Threei} and ticking
[14:12] {Threei} here we go, next leg
[14:13] {Threei} who went for QID half out here
[14:13] {magoo} me
[14:13] {magoo} .12
[14:13] {Threei} 84.12?
[14:14] {magoo} yes
[14:14] {Threei} good job
[14:14] {Threei} sell half, put the rest for sale closer to 86
[14:14] {Threei} close your eye and pray
[14:14] {Geo} out NQ 86.50
[14:14] {Threei} from?
[14:14] {Geo} 8 points on one
[14:15] {Geo} 94.5
[14:15] {_Bruce} l aapl 93.16
[14:15] {Geo} stopped second
[14:15] {Geo} was trailing :(
[14:15] {magoo} out qid ty
[14:16] {dino} gj
[14:16] {Geo} 10 points total
[14:17] {dino} beauty
[14:17] {lisa_jay} Magoo, what was your entry and exit on QID? Thanks.
[14:17] {_Bruce} out half aapl +.42
[14:17] {Geo} nice bruce
[14:18] {Geo} thanks dino
[14:18] {Geo} looks like i had a tight stop
[14:18] {dino} ok, half way therendx, comp new 52 week lows
[14:18] {dino} there, ndx
[14:19] {Threei} Geo... you know you can't trail NQ as you do stocks
[14:19] {Geo} yeah :(
[14:19] {Geo} will try some more on sim
[14:19] {Threei} here come 86 QID
[14:20] {magoo} dino gonna get his 500
[14:20] {Threei} out .70
[14:20] {magoo} beauty vad
[14:20] {Threei} close enough
[14:21] {Threei} NASDAQ COMPOSITE TESTS SEP 10TH LOW
[14:21] {magoo} 86 prints
[14:21] {Threei} lol
[14:21] {Threei} we know
[14:21] {Threei} btw, mags
[14:21] {Threei} about your QID entry
[14:21] {Threei} that was breakout
[14:21] {Threei} which is not usually a the best way to play this beast
[14:22] {Threei} its volatility gives a lot of severe pullbacks
[14:22] {Threei} it's usually better pley on those
[14:22] {Threei} play too
[14:22] {magoo} ewhere u get in vad?
[14:23] {Threei} whenit pulled back to about 85.20 or so, I got it at 83.60
[14:23] {Threei} to 83.29, sorry
[14:23] {Threei} ok, everyone's blood pressure is normal?
[14:24] {Threei} historical events continue
[14:25] {Threei} truly, this is stuff to tell your grandkids about
[14:25] {Geo} so you telling em tonight vad?
[14:25] {Threei} who?
[14:26] {Geo} [11:25] {Threei} truly, this is stuff to tell your grandkids about
06[14:26] * Geo ducks
[14:26] {Threei} careful
[14:26] {Threei} trout is unholstered
[14:26] {magoo} trout?
06[14:26] * Geo slaps magoo around a bit with a large trout
[14:26] {Geo} this one
[14:27] {Threei} hmm.. preventive trout?
[14:27] {Geo} i thought he asked
[14:27] {Geo} hmmm nice pullback
[14:27] {_Bruce} exited balance of aapl +.38
[14:27] {Threei} wtg
[14:28] {Geo} we miss ya bruce !!
[14:28] {Threei} chart wise, this bounce is asking to be shorted
[14:28] {_Bruce} thanx vadster
[14:28] {_Bruce} lucky
[14:28] {Threei} but honestly speaking
[14:28] {Threei} I'll stay away for now
[14:29] {_Bruce} I trade like dino now - if the thing isn't going to move a buck whey even look at it?
[14:29] {Nemo} When is the crash scheduled for today?
[14:29] {Threei} dino is intervening into my teritory now Bruce...
[14:30] {Threei} trades a lot of 15-30 cents play
[14:30] {Geo} thats just wrong
[14:30] {Threei} si as a countermeasure I play more of $1 moves
[14:30] {_Bruce} lol
06[14:30] * _Bruce slaps dino around a bit with a large trout
[14:30] {Threei} it's already here Nemo... it's just a mini-crash
[14:31] {Threei} for now at least
[14:31] {Nemo} Nahhhh...we're still in the range for today
[14:31] {Threei} sensitivity has changed greatly
[14:31] {Threei} -250 is nothing these days
[14:31] {dino} lol bruce
[14:32] {Threei} we bat eye at -500
[14:32] {Threei} -700, OK, that's crash
[14:32] {dino} yes, but 552 range
[14:32] {dino} unfortunately, normal too
[14:33] {_Bruce} taking break here
[14:34] {Threei} day was pretty much around flat for me before this last drop... some stops, some winds, mostly balancing each other
[14:34] {Threei} then this QID play took in black sharply
[14:36] {Threei} 1200 break NQ is scary long signal
[14:36] {Threei} for strong hearts only
[14:37] {Threei} 29.50 QQQQ corresponding level
[14:37] {Threei} 83 short QID corresponding level
[14:38] {Geo} stop for NQ pls vad ?
[14:38] {Threei} under 95
[14:38] {Geo} yeah was afraid of that :(
[14:38] {Threei} target about 1215
[14:40] {Geo} 1:1 one lot out
[14:41] {Threei} what can you do Geo, this is price of volastility
[14:41] {Geo} i banked with heavy heart
[14:41] {Geo} TY
[14:41] {Threei} QID reached almost dollar profit, then bounced all the way back into trigger
[14:41] {Threei} it happens so fast on these moves, you just need to react on it rather than wait for a call
[14:42] {Geo} yeah
[14:42] {Threei} QQQQ hit .65
[14:42] {Geo} in 1200:50 out 1206
[14:42] {Threei} least effective of all of them leverage wise
[14:43] {Threei} bounce from here again
[14:44] {Threei} got 94 or so?
[14:44] {Threei} they tage levels and jump of them faster than I can type
[14:48] {Nemo} figures...quick 10 minutes away...sheesh
[14:49] {Geo} hmm Goldman leaying off 10%
[14:49] {Geo} about 3500
[14:52] {Threei} unclear here...
[14:53] {magoo} seems to easy to sell off into last hour again...but thats what been doing
[14:54] {Threei} feels more like down but not enough confidence for play
[14:56] {Threei} ok, working assumption is, one more little bounce and down again
[14:57] {Threei} QID around 84.50 is probably long
[14:57] {Geo} that was fast
[14:58] {Threei} got .56, looking to exit for about $1
[14:59] {Threei} sheesh
[15:00] {Geo} wow
[15:00] {Threei} stopped for -.15
[15:00] {Threei} too greedy
[15:00] {Nemo} Ti To
[15:00] {Threei} as if 70 cents was not enough, lol
[15:00] {lisa_jay} Vad, what kind of stop do you give for a volatile stock like QID? Thanks.
[15:01] {Threei} originally about 30 cents
[15:01] {Threei} but tightenting it as it nmoves
[15:03] {Threei} looks like line in sand is drawn for todsay
[15:03] {Threei} higher low
[15:04] {Threei} look for entry on pullback
[15:04] {Threei} NQ around 1195
[15:04] {magoo} too bad this mkt wouldn't go green 300
[15:05] {Threei} QQQQ around .37
[15:05] {magoo} mess up the shotrts
[15:05] {Threei} like clockwork
[15:05] {Threei} got NQ anyone?
[15:05] {Threei} or Qs?
[15:05] {Geo} no
[15:06] {Threei} come on... gave you exxact number this time
[15:06] {Threei} and it was hit perfectly
[15:06] {Threei} 11 points NQ
[15:06] {Threei} in one gasp
[15:06] {Geo} :(
[15:06] {Threei} 30 cents Qs
[15:06] {Threei} anyone??
06[15:07] * Threei removes himself to a very remote monastery
06[15:07] * Threei removes himself to a very remote monastery in Tibet without wi-fi
[15:07] {Geo} tivo?
06[15:07] * Threei removes himself to a very remote monastery in Tibet without wi-fi, Tivo but preferrably with strictly female personal
[15:08] {Chaeron} strick female personnel?
06[15:08] * Geo sending logs to the lady with the frying pan
06[15:08] * Threei cuts off Internet and burns down mailbox
[15:09] {Chaeron} drys
[15:09] {Geo} sniff NQ..... why did you leave without me?
[15:09] {Geo} 20 points
[15:09] {Threei} relief rally mode
[15:09] {Threei} pullbacks are for entry
[15:10] {Threei} pullbacks are likely to be severe
[15:10] {Threei} don't jump in on slight correction, wait for sharp down
[15:10] {Threei} Qs over 60 cents jump
[15:10] {Threei} and no takers
[15:10] {Threei} you guys...
[15:11] {Chaeron} a bit nervous... hesitant
[15:11] {Chaeron} and then, bam... too late
[15:11] {Geo} same here
[15:11] {Chaeron} more of psychological part of your training... not mechanical... important
[15:15] {Threei} oullback is likely here
[15:16] {Threei} Qs to about .60-.70
[15:16] {Threei} NQ to about 1210-1212
[15:17] {magoo} needs to reverse quick
[15:19] {Threei} one more leg down probably
[15:19] {Threei} very quick
[15:20] {Threei} entry time
[15:20] {Threei} in Q
[15:20] {Threei} .60
[15:20] {Threei} stop under .50
[15:21] {Threei} 1:2 in a hurry
[15:21] {Threei} out .78
[15:22] {Threei} anyone this time?
[15:22] {lisa_jay} .20 thanks Vad.
[15:22] {Threei} whew... no, thank you
[15:22] {Threei} a bit too soon out
[15:22] {Threei} but heck
[15:23] {lisa_jay} :-)
[15:23] {lisa_jay} I got .61 as entry, what would be the exit.
[15:23] {lisa_jay} Sorry - stop?
[15:23] {Threei} [15:20] {Threei} stop under .50
[15:23] {lisa_jay} Most are probably in the trade still.
[15:23] {lisa_jay} Thank you.
[15:24] {Threei} hmmm... thought of it of just a bounce scalp
[15:24] {Threei} underestimated market's eagerness to recover some
[15:25] {Threei} stuill pretty nervous out there
[15:25] {Threei} look how sharp pullbacks are
[15:25] {lisa_jay} yes.
[15:26] {dino} i'm using 8200-88 range for now.
[15:27] {dino} patience, your thoughts?
[15:28] {Threei} frankly, while I do appreciate these wide rane relatively fast days... today is too fast
[15:28] {Threei} hard to call things in time
[15:28] {Threei} have to almost type and lcik my entries at the same time
[15:29] {dino} yeah, i sat aside afternoon. too wierd
[15:29] {Geo} you need a typing monkey vad
[15:29] {Threei} I have a cat who walks on keyboard
[15:29] {Threei} will it do?
[15:29] {Geo} nope
[15:30] {_Dean} doing just fine until i had chicken for lunch
[15:30] {lisa_jay} Trust me...pets or kids only add to distractions.
[15:30] {Threei} let's try... come here george
[15:30] {Threei} cijfguy sjrha;aw9ugjd
[15:30] {Threei} makes sense?
[15:31] {Threei} OK, cat is out
[15:31] {Threei} this drop I don't like
[15:31] {Geo} today was tiring and wierd
[15:32] {Threei} violated upward channel
[15:32] {dino} could be the classic eod selloff
[15:32] {dino} go for lows or more
[15:32] {Threei} not buying this pullback for sure
[15:32] {Threei} this is not a pullback anymore
[15:32] {Threei} rather attenot to reverse the tren on 1 min
[15:33] {Threei} attempt
[15:33] {Threei} trend
[15:33] {Threei} lol
[15:33] {Threei} Geo... monkey would do better, I'll have to admit
[15:33] {Geo} :)
[15:34] {Threei} don't smile at me... you should be objecting, consoling, saying things like "no way, you are still better than monkey"
[15:34] {Geo} sheesh
[15:34] {Threei} lol
[15:34] {Geo} youre the best vad
[15:34] {Threei} great, now monkey feels deeply offended
[15:35] {Threei} OK, let's see if this bounce is short
[15:35] {Geo} man my head hurts from the psychedelic LII colors
[15:35] {Threei} Qs about .75
[15:35] {Threei} first weakness from here
[15:36] {Threei} in .74
[15:36] {Threei} stop .81
[15:37] {_Dean} in Q's .74 short
[15:37] {Threei} nervous jumping, not likeing it
[15:38] {Threei} prefer more smooth trades
[15:38] {Threei} out .65
[15:38] {Geo} half out
[15:39] {Threei} better now
[15:39] {Geo} 1/4 out
[15:39] {Threei} 1: alot
[15:40] {Threei} feel free to cover as you see fit
[15:41] {Geo} all out .51
[15:41] {Threei} too jumpy for my taste
[15:41] {Threei} I am a lazy tyoe, I hate struggling
[15:41] {Threei} profits must come easy
[15:42] {Threei} Dean?
[15:42] {Threei} you covered?
[15:44] {Threei} I find it hard to believe SLW price
[15:44] {_Case} Indeed.
[15:45] {Threei} you know what
[15:45] {Threei} it could be worth taking some overnight
[15:45] {Threei} stop under 3.30
[15:45] {_Case} It's almost at its IPO
[15:45] {_Dean} ou...
[15:45] {Threei} if today's bounce gets any continuastion tomorrow, it's very likely to get back to 4 at least
[15:46] {dino} what the?
[15:47] {Threei} lol
[15:47] {Threei} let me finish your sentence as Stewie would: What's the deuce??
[15:47] {hawkfan4} lol
[15:48] {Geo} wow dow +100
[15:48] {Geo} whats he range today?
[15:48] {dino} 8243-8795
[15:49] {Geo} nice
[15:49] {Threei} one of those near-extraordinary days
[15:49] {Threei} rally, sharp breakdown, new lows, rally again
[15:50] {Threei} all happening with lightning speed
[15:50] {Threei} I believe we handle it col-bloodedly enough (if that's a word)
[15:51] {Threei} hopefully tomorrow we get more of clear direction and a bit more manageable speed
[15:51] {Threei} and if not, our approach is the same:
[15:51] {_Dean} knocked over my bottle of gin...actually picked up +28 pts on QQQQ trade...4 for 4 today.
[15:51] {Threei} tight stops, reading things as they come, being easy to change the opinion
[15:51] {_Dean} Thanks Vad!
[15:51] {dino} gj
[15:51] {Threei} great job Dean
[15:51] {Geo} nice dean
[15:52] {Chaeron} nice one dean... and gin? must be Dean Martin
[15:52] {_Dean} Thanks guys!
[15:52] {Threei} if any of guests get any questions for tomorrow, prepare them and don't hesitate to ask
[15:52] {_Case} Thanks Vad
[15:52] {_Dean} have to stop drinking out of the bottle.
[15:52] {Threei} case :)
[15:53] {Threei} not taking any more trades today
[15:53] {Threei} took SLW overnight
[15:53] {Threei} unless it goes to 4 today, lol
[15:53] {_Case} Wouldn't surprise me :-)
[15:53] {Threei} lol, no kidding
[15:53] {Threei} any questions so far guys?
[15:53] {Threei} gals?
[15:54] {dino} dean's worse than magoo, at least he waits until 3:30 to crack a beer
[15:54] {Threei} lol
[15:55] {_Dean} enjoying every minute of it too....
[15:55] {dino} :)
[15:56] {_Case} FXE smells of USD reversal, if it occurs overnight I guess we get Vad's SLW target price at premarket
[15:56] {_Dean} dino.)
[15:56] {Threei} I won't mind
[15:56] {Threei} nothing's sweeter than to start day with +.50
[15:56] {_Case} :-)
[15:57] {Threei} and with about 15 cents risk... shrug
[15:57] {Threei} Ok guys, thank you all
[15:57] {Threei} have a great evening
[15:57] {_Case} Thanks are ours Vad
[15:57] {Threei} see you all tomorrow
[15:57] {_Case} For sure
[15:57] {_Case} and also Monday :-)
[15:58] {Threei} if there is Monday
[15:58] {Threei} interventionists may just cancel it
[15:58] {Threei} or whole October
[15:58] {_Case} Good point.
[15:58] {Threei} or whole fall
[15:59] {magoo} TY vad
[15:59] {_Case} Thanks everybody. It was fun. See you
[16:00] {peterg} bBye aalll
[16:00] {dptl} have a good evening all
[16:01] {_Dean} Thank you everyone!
[16:08] {dino} take care
Realitytrader Trading Room Transcript - updated daily. TRADE WHAT YOU SEE, NOT WHAT YOU THINK implemented. To see and trade these calls real time JOIN US LIVE!
Thursday, October 23, 2008
Wednesday, October 22, 2008
Oct 22 2008
The room is now open. Feel free to connect any time. Connector is at http://www.realitytrader.com/rtc.exe , any username and password will do.
Talk to you tomorrow!
Session Time: Wed Oct 22 00:00:01 2008
[08:20] {_eliaun} Good Morning all
[08:20] {Threei} Good morning
[08:21] {_eliaun} a lot of trouts were hit yesterday
[08:21] {Threei} that's how we express happiness
[08:21] {Threei} unhappiness
[08:21] {Threei} appreciation of other human being
[08:22] {Threei} lack of such
[08:22] {Threei} and any other emotion or absence of it
[08:22] {Threei} what can I say... we are limited in our ways of explressing
06[08:24] * Threei slaps magoo around a bit with a large trout
[08:24] {Threei} and here is practical illustration
[08:25] {magoo} morning lol
[08:25] {Threei} :)
[08:25] {magoo} they keep changing rules vad...they halted AAPL before call last night..never halted before
[08:26] {Threei} not really true
[08:26] {Threei} AAPL was being halted before earnings announcement regularly
[08:26] {Threei} they stopped doing thatg for a while
[08:26] {Threei} now resumed that practice, but I remember it happening from 1997
[08:26] {Threei} probably by company request
[08:30] {magoo} that does it......................
06[08:30] * magoo slaps Threei around a bit with a large trout
[08:30] {Threei} NWA
[08:30] {Threei} REPORTS Q3 -$1.20 V $0.25E
[08:33] {Threei} - The reported results include a $410 million non-cash charge associated with marking-to-market out-of-period fuel hedges as required by Statement of Financial Accounting Standard (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities.
[08:34] {lisa_jay} Good morning.
[08:34] {Threei} lisa :)
[08:35] {Threei} I guess airlines got hit badly by fuel hedging
[08:36] {Threei} this incredible volatility in oil prices makes business planning tough
[08:38] {magoo} vad, do u know if our hard stops do not work afterhours?
[08:38] {Threei} no idea
[08:38] {Threei} I barely ever use them during market hours
[08:38] {magoo} i know
[08:38] {Threei} let alone after :)
[08:48] {lisa_jay} Vad, when you talk about aggressive entries (like ADBE) with sharp spike in NQ, what specifically should i be looking for.
[08:48] {lisa_jay} Thank you.
[08:49] {Threei} let's start with defining aggressive entry
[08:50] {lisa_jay} ok.
[08:50] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html
[08:51] {lisa_jay} I did read that article.
[08:51] {Threei} from here,
[08:51] {Threei} instead of waiting for the setup with a certain trigger
[08:51] {Threei} you use general market as leading indicator (in a case of a stock that does follow the market)
[08:52] {Threei} and when market changes direction, you grab your stock - providing there is a delay that gives you a window of opportunity
[08:54] {lisa_jay} What exaclty constitues a sharp spike, vs just market movement. Also what settings for you nq (to set my charts to the same thing).
[08:54] {Threei} 1 minute chart
[08:55] {Threei} what constitutes sharp spike... well, it's a matter of observation
[08:55] {Threei} sudfden move, big enough and fast enough
[08:55] {Threei} merely 1-2 points uptick is not really it
[08:56] {lisa_jay} Ok, thank you.
[09:00] {lisa_jay} SNDK ouch...Samsung pulls deal.
[09:10] {dptl} good morning all
[09:10] {Threei} DELL is scaringly close to 52 week low
[09:10] {Threei} dp :)
[09:12] {Onix} Good morning all
[09:12] {Threei} Onix :)
[09:13] {Threei} if we get market drop and DELL forms a range close enough for a reasonable stop, break of 12.27 should serve as a short trigger
[09:14] {Threei} most likely a scalp
[09:22] {hawkfan4} good morning
[09:23] {dino} gm, running late, just sold the foreclosure flip
[09:23] {Threei} hawk, dino :)
[09:25] {Geo} gm all
[09:26] {dino} going to fill the fri close -mon. open gap
[09:26] {Threei} geo :)
[09:30] {ese} morning
[09:31] {Threei} ese :)
[09:31] {Threei} Long Setup: NUAN half lot 10.05
[09:31] {Threei} if stays above 9.90
[09:33] {Threei} rather bounce candidate
[09:33] {dino} cme
[09:33] {lisa_jay} UAUA broke 14 again.
[09:33] {Threei} too fast
[09:33] {Threei} jumper
[09:38] {Threei} UAUA headed for 15 it seems
[09:45] {Threei} Long Setup: DAL 10.43
[09:46] {Threei} stop under .30
[09:46] {peterg} good mornng
[09:46] {Threei} peter :)
[09:46] {Threei} don't chase
[09:46] {Threei} let it pullback to you
[09:47] {Threei} not a scalp for me
[09:47] {Threei} partial at 1:1
[09:49] {lisa_jay} 10c thank you Vad.
[09:49] {Threei} welcome
[09:49] {Geo} out half .55
[09:50] {Geo} adjusted stop vad?
[09:50] {Threei} welcome.35
[09:50] {Threei} oops
[09:50] {Threei} lol
[09:50] {Threei} .35
[09:51] {Threei} out
[09:51] {Threei} watching for re-entry
[09:52] {dino} dji feels like 8600
[09:52] {Threei} wanted around .20, didn't get it
[09:53] {dino} v sm v wide v risky l cme 16.01
[09:53] {Onix} stopped nuan & dal
[09:56] {dino} hbhc death
[09:57] {hawkfan4} herbie hancock not looking so good
[09:58] {Threei} Short Setup: DELL .39
[09:58] {Threei} stop above .50
[10:00] {Threei} FED RAISES INTEREST RATES IT PAYS ON BANK RESERVE BALANCES
[10:00] {dino} lol hawk, takes me back
[10:00] {Threei} cover half DELL
[10:00] {Threei} 1:1
[10:01] {dino} fed paying more to banks, re-liquifing
[10:01] {Threei} broke 52 week low
[10:01] {lisa_jay} missed dell :-(
[10:01] {dino} salvation thru inflation boys. another bubble in the making
[10:02] {Geo} all out
[10:02] {Threei} yup
[10:02] {Geo} .17
[10:02] {Geo} 22 cents TY
[10:02] {Threei} welcome
[10:02] {Threei} sheesh UAUA
[10:02] {Threei} look how it's holding
[10:03] {Onix} +.23 DEL ty Vad
[10:04] {dino} 48 to go
[10:04] {Geo} nice ONIX
[10:04] {Onix} ty
[10:05] {Geo} wow UAUA
[10:06] {Threei} 15.50 next (says he closing his eyes and expecting to be trouted)
[10:06] {dino} gj onix
[10:06] {Threei} UAUA
[10:06] {Threei} PRICE TARGET RAISED TO $17 FROM $14 AT MERRILL, MAINTAINS BUY RATING
[10:07] {Threei} DELL doesn't react on market bounce
[10:07] {dino} merrill needs to get out
[10:07] {Geo} you half in?
[10:07] {Threei} yes
[10:08] {Threei} .31 stop now
[10:08] {Threei} 15.50 hit
06[10:08] * Geo slaps Threei around a bit with a large trout
[10:08] {Geo} or was it if it didnt?
[10:09] {Threei} at your discretion
[10:09] {Geo} thats rather nice of you in the morning vad
[10:10] {Threei} it felt very much like another run in the making while it held close to 15 during market drop...
[10:10] {Geo} .15 being defended dell
[10:10] {Threei} but to bring myself to call it after such a spike over last days is another matter
[10:10] {Threei} especially considering how volatile it is
[10:11] {dino} csh sm l .00
[10:11] {Geo} not anymore i guess
[10:11] {Threei} }DELL} nah... I am indefensible
[10:11] {Threei} 1/4 more out
[10:13] {ese} is it me...or is everyone finding it hard to find stuff to get into
[10:14] {ese} uaua would have been nice but missed that
[10:14] {ese} what kind of scans are working?.....
[10:15] {Threei} breakdown did on DELL
[10:16] {Geo} uaua showwed up on my scanner at 6:34
[10:17] {dino} hmm seems 8-ball was off 22 pts
[10:17] {dino} and yes es, iut is you
[10:17] {dino} it
[10:17] {dino} .07 gap working like mad, as well as new 52 week lows
[10:17] {Geo} did we just get accused of breaking dino's 8 ball?
[10:17] {ese} tks dino....i needed that
[10:17] {dino} but of course bro
[10:18] {ese} gap ups or downs?
[10:18] {Geo} for you ese
[10:18] {Geo} ILMN
[10:18] {dino} ups right now, program it for both, red/green
[10:19] {dino} look for multiples
[10:19] {dino} ilmn ouch
[10:19] {ese} multiples?
[10:21] {dino} yes. they only flash on .07 gaps, when you see a bunch of same stock flashing, that baby is rocking
[10:21] {dino} keep it simply
[10:21] {dino} simple
[10:22] {ese} ahhhh got that....
[10:23] {dino} now that my secrets are out, i may as well quit
[10:23] {Geo} heheheh
[10:23] {Threei} lol
[10:23] {Geo} welll vad a sore quitter
[10:24] {Geo} he never quit !!!
[10:24] {dino} no, he not a quitter, just cranky
[10:24] {Threei} I wanted to object to that... but then found no grounds
[10:25] {lisa_jay} Vad, on the Dell call, by the time i loaded it up it was already down to .35 and could not go above it....was .35 ok to take.
[10:25] {Threei} I wouldn't chasde it more than couple cents... but your quotes are slow
[10:26] {Geo} also i have figured out that vad stalks
[10:26] {Threei} it was available for quite a while
[10:26] {lisa_jay} Quotes are ok...I am slow...have a bad cold and took some medicine for it...(not vodka)!
[10:26] {Geo} so i keep stuff he has mentioned opened up if possible
[10:26] {lisa_jay} Thanks Geo.
[10:26] {Geo} its a complement off course vad
[10:27] {Threei} (US) WHITE HOUSE PRESS SEC: IN FOR TOUGH GPD NUMBER NEXT WEEK
[10:27] {Threei} we are getting forewarned
[10:28] {dino} you don't think the market knows this already
[10:28] {Threei} for weeks
[10:28] {Threei} if not months
[10:28] {magoo} l aapl here small 300 sh
[10:28] {magoo} .39
[10:29] {magoo} stop .89
[10:30] {lisa_jay} Will check my quotes, thank Vad.
[10:30] {Threei} Long Setup: ADBE half lot .53 if holding above .40
[10:31] {Threei} UAUA
[10:31] {Threei} I am crying
[10:31] {Threei} it will never stop
[10:31] {Threei} it will go up, up, up...
[10:31] {Threei} for years to come
06[10:32] * Geo so will vad
[10:32] {hawkfan4} oil #'s in 3 mins
[10:32] {Threei} 10 years from now we will obsderve UAUA at $10,253.17 and call it long
[10:33] {hawkfan4} better make it a half lot then
[10:33] {Threei} lol
[10:33] {Geo} lol
[10:33] {lisa_jay} i can only do 1 share
[10:33] {dino} the buy 100 and forget it, lol
[10:33] {dino} rimm
[10:34] {Geo} something about ATT launching bold
[10:34] {lisa_jay} Vad, is adbe still valid.
[10:34] {Threei} RIMM HEARING MORGAN KEEGAN MAKES POSITIVE COMMENTS (TIMING UNCERTAIN)
[10:34] {Threei} nah
[10:35] {dino} leco
[10:35] {Threei} *DOE CRUDE: +3.2M V +2.6ME;
[10:36] {magoo} buck on aapl
[10:36] {Threei} GASOLINE: +2.7M V +2.8ME; DISTILLATES: +2.2M V +250KE; UTILIZATION: 84.8% V 83.2%E
[10:37] {dino} sm l hig .90
[10:37] {magoo} tough creowd
[10:38] {Geo} nice magoo :)
[10:38] {magoo} too late geo..i hate u lol
[10:38] {Geo} heheheh
[10:38] {lisa_jay} I have an excuse Magoo...drugged up...
[10:39] {magoo} magoo waits and watches for hours to give u all the 1 call
[10:39] {magoo} sigh
[10:39] {hawkfan4} rimm sm long .65, stop .50
[10:43] {Threei} OK, I have to do it
[10:43] {Threei} Long Setup: UAUA .96 half lot
[10:44] {Threei} stop under .75
[10:44] {magoo} i thought a trout was coming
[10:44] {Threei} good idea actually
06[10:44] * Threei slaps magoo around a bit with a large trout
06[10:44] * Geo slaps Threei around a bit with a large trout
06[10:45] * Geo figured vad busy
[10:48] {dino} lol
[10:48] {magoo} WOW SPIKE
[10:48] {dino} rally
[10:49] {Threei} that was faast 1:1
[10:49] {dino} stop calling me that magoo
[10:49] {Geo} lol dino
[10:49] {hawkfan4} lol
[10:49] {magoo} lisa..thats a spike
[10:49] {magoo} qqqq minute chgart
[10:49] {lisa_jay} Thanks Magoo.
[10:51] {lisa_jay} DAL falling
[10:52] {Geo} tmx dino
[10:54] {magoo} c'mon naz..explode up..kill the shorts
[10:54] {dptl} uaua +.14 ty and ,Vad ty dell earlier +.15
[10:56] {hawkfan4} 1/2 out RIMM 1.74
[10:56] {hawkfan4} stop to .66 on rest
[10:58] {hawkfan4} stop to .79
[10:59] {Threei} dp :)
[10:59] {dino} hig stopped
[10:59] {dino} -.40
[11:00] {hawkfan4} stop .94
[11:01] {Threei} beauty RIMM hawk
[11:02] {hawkfan4} out rest + 1.29. thx :)
[11:02] {Geo} nice !
[11:02] {hawkfan4} thx geo
[11:02] {patience} very nice hawk
[11:02] {hawkfan4} :)
[11:09] {dino} sweet hawk
[11:10] {hawkfan4} thx dino, and thx for the heads up on it
[11:12] {Geo} CSE
[11:13] {dino} np
[11:14] {Geo} pullback on BRCM vad?
[11:14] {Chaeron} good morning all
[11:14] {Geo} hey chaeron
[11:15] {Threei} chaeron :)
[11:17] {lisa_jay} Vad, would EMC be considered a thick stock? Thanks.
[11:18] {Threei} pretty much, yes
[11:20] {Threei} BRCM starts looking more like break Geo
[11:20] {Threei} unless market tanks
[11:25] {dptl} symbol lehman bro. ?
[11:25] {Threei} LEHMQ?
[11:26] {Chaeron} checking pinksheets.com....
[11:26] {dptl} lehmq?
[11:26] {Threei} yes
[11:26] {Chaeron} 0.068
[11:27] {dptl} ty
[11:34] {Threei} JBLU is trying to catch up
[11:34] {Threei} much slower and narrower than UAUA
[11:35] {Threei} but bumping against two days resistance .25
[11:36] {Threei} hard to believe but UAUA is consolidating again
[11:43] {lisa_jay} cal
[11:43] {lisa_jay} sorry wrong screen
[11:55] {dino} pressure building imo, this maket is going to either pop or drop hard
[11:56] {lisa_jay} Do you follow ticks and other market internals....if so we are seeing high +ve ticks vs -ve...so pop maybe.
[11:58] {dino} i don't lisa.
[11:58] {dino} more of a gut feel, watching scanners
[11:58] {lisa_jay} Ok, thanks Dino.
[11:59] {dino} :)
[11:59] {Threei} and I mostly get by watching dino watching his scanners
[11:59] {Geo} i just have a vad alert
[11:59] {dino} i may be wrong, but feels up
[11:59] {Threei} sometimes it gets cloudy because magoo is blocking the line of sight
[12:00] {lisa_jay} I thought you guys had balls....oh sorry 8 ball.
[12:00] {dino} big one lisa
[12:00] {Threei} yes to 8 ball part
[12:00] {dino} ones
[12:00] {Geo} too late dino !
[12:01] {dino} lol
[12:01] {Geo} lol
[12:01] {Threei} btw guys
[12:01] {Threei} we still have troubles with mass e-mail but going to open the room for Thu-Fri anyway
[12:02] {dino} so you want me to keep quiet
[12:02] {Threei} so, make sure your hair is combed
[12:02] {Threei} nah... business as usual
[12:02] {Threei} we don't adjust out behavior just because Queen comes for a dinner
[12:03] {Threei} if you have contact with someone who is not in the room, let them know since I doubt our e-mails reach them
[12:13] {Threei} SEC PROVIDES UPDATE ON SUBPRIME INVESTIGATIONS, NOTES MORE THAN 50 STILL ONGOING,
[12:14] {Threei} NTRI...
[12:14] {Threei} thin one... maybe a scalp on break
[12:15] {Geo} half lot?
[12:15] {Threei} yeah
[12:22] {dino} up it is
[12:24] {lisa_jay} Vad, how to play NTRI
[12:24] {Threei} .47 was the trigger at the moment
[12:24] {dino} banks moving up
[12:27] {Threei} dino's 8-ball is right again
[12:30] {Threei} NQ long entry on pullback is around here
[12:31] {Threei} stop under 75
[12:32] {Threei} according QID short near 74
06[12:34] * Threei kicks market in the rear
[12:36] {dino} not right enough tho
[12:36] {Geo} sigh..... of to work
[12:37] {Threei} hiho?
[12:38] {Threei} OK... no one gets my humor
[12:38] {Threei} what else is new
[12:39] {lisa_jay} ?
[12:39] {hawkfan4} it's not that we don't get it...;})
[12:39] {Threei} hi ho hiho... off to work we go...
[12:39] {Threei} oh great hawk... add to my already bottomless misery...
[12:40] {hawkfan4} lol, kidding :)
[12:40] {Threei} kidding? I don't get it
[12:41] {Threei} .me cancels his sense of humor forever
06[12:41] * Threei cancels his sense of humor forever
[12:41] {hawkfan4} hee, now that's funny!
[12:41] {Threei} too late
[12:42] {Threei} bands tightened
[12:43] {Threei} spike is coming
[12:43] {Threei} either way
[12:43] {Threei} most likely both ways, lol
06[12:46] * Threei repeats swift kick in market's rear
[12:47] {lisa_jay} ntri almost 1:1
[12:47] {dino} gj
[12:47] {Threei} wow oil
[12:47] {lisa_jay} thank you.
[12:50] {Threei} hmmm... market needs to wear some kind of pin... I seem to mistaken its rear for front
[12:54] {lisa_jay} UAUA made a new high
[12:54] {Threei} cover half QID here
[12:56] {Threei} good boy NTRI
[12:57] {Threei} half out .66
[12:57] {lisa_jay} wow!!!
[12:58] {Threei} offer NQ balance just above 1285
[12:58] {Threei} bid to cover QID balance under 73
[12:58] {lisa_jay} wow!!!!
[12:59] {dptl} jnpr?
[13:00] {Threei} hard to tell JNPR...
[13:00] {Threei} if market goes for new highs, sure
[13:00] {dptl} ok ty
[13:01] {Threei} balance stopped on NQ and QID
[13:04] {lisa_jay} Vad is there an alternative way to play QID & NQ calls...my platform does not allow me to short QID. Thanks.
[13:04] {Threei} play long QQQQ instead
[13:04] {Threei} just less effective
[13:04] {Threei} less risk too
[13:06] {lisa_jay} ok, thanks
[13:06] {Threei} compare ranges... 70 cents QQQQ vs 3.20 or so QID
[13:07] {Threei} gives you idea of volatility
[13:08] {lisa_jay} yes, there was a 15c move in qqqq since your call (appx.)
[13:09] {Threei} out balance NTRI .40
[13:09] {Threei} shuld have stay with plan, designated it as a scalp from the get-go
[13:11] {Threei} and should have taken those typing courses
[13:11] {lisa_jay} was NTRI a scanner play?
[13:12] {Threei} oh, and should have ignored those humor development course - obviously wasted money
[13:12] {Threei} yes
[13:12] {lisa_jay} Lol.
[13:12] {Threei} or maybe not...
[13:13] {Threei} lol
[13:13] {Threei} UAUA nice drop
[13:14] {lisa_jay} Your prediction of spike both ways is coming true.
[13:15] {Threei} yeah
[13:15] {Threei} that's what we do lately
[13:15] {Threei} amazing insensitivity to market movement we developed... -370 DJI, feels like narrow day
[13:16] {Threei} is this NTRI bidder for real?
[13:21] {Threei} he is
[13:26] {Threei} UAUA refuses to lose .50
[13:26] {dino} going for lows
[13:28] {Threei} OPEC PRES KHELIL: PRIMARY CONCERN IS HOW RECESSION MAY AFFECT ITS MEMBERS, DO NOT WANT TO HURT COUNTRIES ENCOUNTERING DIFFICULTY IN FINANCIAL CRISIS
[13:28] {Threei} - Notes as well that it does not want low prices to negatively affect members, and stocks are very high with members unable to sell oil
[13:28] {Threei} - Remarks that is positive that other non-OPEC countries will support and contribute to the cut in production
[13:30] {Threei} last time I looked their cost of extraction was around $1-3 per barrel
[13:30] {Threei} what is "low price" for them?
[13:31] {dino} 50
[13:32] {Threei} as far as I am concerned, anything above $10 is excessive
[13:33] {Threei} too bad no one is concerned about my concern
[13:34] {dino} \distracted today
[13:36] {Geo} sheesh hiho
[13:36] {Geo} i looked it up in laser
[13:36] {Threei} ROFL
06[13:39] * laserdave1 slaps Threei around a bit with a large trout
[13:40] {Threei} ugh
06[13:40] * laserdave1 slaps Chaeron around a bit with a large trout
[13:40] {Threei} he sneaks in again
06[13:40] * laserdave1 slaps Geo around a bit with a large trout
06[13:40] * laserdave1 slaps magoo around a bit with a large trout
[13:40] {Geo} shoot missed
06[13:40] * laserdave1 slaps laserdave1 around a bit with a large trout
06[13:40] * magoo slaps Threei around a bit with a large trout
06[13:40] * magoo slaps Threei around a bit with a large trout
06[13:40] * laserdave1 slaps Threei around a bit with a large trout
06[13:40] * magoo slaps patience around a bit with a large trout
[13:40] {patience} magoosky!
[13:40] {patience} when are you going hunting?
[13:41] {magoo} november
06[13:42] * Geo abhors violence
[13:42] {Threei} wow SLW
[13:42] {Geo} unless on others
[13:46] {Threei} sheesh
[13:46] {Threei} look at this jerkiness
[13:52] {dino} this market blows today, things are stuck
[13:52] {magoo} it blew all week
[13:53] {dino} brb, have to hit liquor store
[13:53] {Geo} youre not doing that bad dino
[13:53] {magoo} vad..open house tomorrow?
[13:54] {dino} not at all. just that the scotch bottle is about dry
[13:54] {Geo} glenmorangie?
[13:54] {dino} :)
[13:56] {Threei} yes mags
[13:57] {Threei} (unless no one comes)
[13:57] {magoo} yes what?
[13:57] {Threei} but we still keep door open
[13:57] {Threei} hmmm... you are asking for it... but I am not obliging
[13:58] {magoo} asking for what?
[13:58] {Threei} {--- barely holding... but holding
[13:58] {Threei} willpower
[13:58] {magoo} holding what?
[13:58] {Threei} more willpower
[13:59] {Threei} wait... what I am doing restricting my self from pure joy
06[13:59] * Threei slaps magoo around a bit with a large trout
[14:00] {Threei} SLW wortha try for scalp here with 3 cents stop
[14:01] {Threei} make sure 4 is holding and 4.02 getting hit
[14:01] {Threei} try to catch last shares at 4.02
[14:02] {Threei} nope
[14:04] {dino} ok, i went to store at -350, i come back -350
[14:04] {Threei} lol
[14:04] {Threei} see, hawk walks to the bank with more effect on the market
[14:05] {dino} market does not appreciated spirits
[14:08] {Threei} hmmm
[14:08] {Threei} -400 aupon your return
[14:09] {Threei} something to think about? :)
[14:12] {Threei} in UAUA, stop under 15
[14:12] {Geo} whats your price vad?
[14:12] {Threei} .16
[14:13] {Geo} ok .1660 here
[14:13] {lisa_jay} Geo how do you enter and exit so fast.
[14:13] {Geo} all about hotkeys for me
[14:14] {Threei} mouse here
[14:14] {Threei} just as fast
[14:14] {Geo} nah
[14:14] {Threei} heh
[14:14] {Geo} i believe vads faster brain compensates slow mouse
[14:14] {lisa_jay} If you don't mind me asking, Geo, what was your entry?
[14:15] {Geo} [11:13] {Geo} ok .1660 here
[14:15] {lisa_jay} Oh shit...sorry cursing.
[14:15] {lisa_jay} I thought target was .16. I should just shut down and go take a nap.
[14:16] {magoo} none of that tomorrow lisa lol
[14:16] {Threei} isn't bouncing with NQ really
[14:16] {magoo} no trouting either
[14:16] {Threei} too tired I guess
[14:18] {Geo} hmmm not very strong
[14:18] {Threei} Lehmaan CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT
[14:19] {Threei} ths should prop the market
[14:19] {Threei} that was serious concern
[14:20] {dino} that should be great news
[14:20] {Threei} $72B OF CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT THROUGH SELLERS PAYING $5.2B
[14:20] {Threei} 5.2 for 72
[14:20] {Geo} half out
[14:20] {Geo} .26
[14:21] {Geo} stop 15.10 vad?
[14:21] {Threei} the way you play it, yes
[14:21] {Geo} also curious about yours pls? :)
[14:21] {Threei} I am just offering .40
[14:21] {Geo} ok
[14:21] {Threei} with old stop
[14:22] {Geo} no 1/4?
[14:22] {Threei} not even 1/2
[14:22] {Geo} ooooh
[14:24] {Threei} hmmm... really feels tired
[14:24] {Threei} may have to adjust
[14:25] {Geo} pitched most aat 1:1
[14:25] {Geo} not folowing NQ
[14:25] {Threei} another market spike
[14:25] {Threei} let's ee if it helps
[14:25] {Threei} not really
[14:26] {Geo} out .11
[14:26] {Threei} out .27
[14:26] {Geo} at .27
[14:26] {Geo} heheh
[14:26] {Geo} vad gotta say...
[14:26] {Geo} a few months ago i would be blind to all of this
[14:27] {Geo} so thanks :)
06[14:27] * Threei is now known as eye-opener
[14:27] {Geo} third eye?
[14:27] {Geo} sheeeit now it rises
[14:27] {lisa_jay} Lol, i am so silly. Could have entered trade at .02, sigh.
[14:28] {Geo} why?
[14:28] {Geo} no one can bottom tick perfectly
[14:28] {Geo} i wanted to see it come back
[14:28] {Threei} oil 66s?
[14:29] {lisa_jay} no, after i realized where you entered, waited for pullback and it pulled back all the way to .01
[14:29] {Geo} yes vad
[14:29] {Geo} yes it did lisa :)
[14:29] {Threei} here is my .40
[14:29] {Threei} sigh
06[14:29] * Geo thinks vad is influenced by geo
06[14:30] * Geo ducks
[14:30] {Threei} is someone at GS feeling pretty stupid about $200 target?
[14:30] {lisa_jay} sorry guys, will be more alert next time.
[14:31] {Geo} nope the say guy said 50 now
[14:34] {Geo} so vad.... how did ya come up with 40? prev support?
[14:34] {dino} i think t.boone pickens is
[14:35] {Threei} just gut feeling
[14:35] {Geo} ok
[14:35] {Geo} you and magoo pretty good at gut targets
[14:40] {magoo} this mkt wearing me out..i go up every morning and go down every afternoon
[14:41] {Threei} it adopted this trend of dropping second hakf of the day
[14:41] {Threei} why not cut down afternoon
[14:41] {magoo} i waited all afternoon to get sucked in justr now on that up
[14:42] {magoo} that 14:05 up
[14:42] {Threei} -450 dow
[14:45] {patience} -404 tsx
[14:45] {dino} theres the 8600
[14:46] {dino} -7.5% since monday. these moves are insane
[14:46] {dino} they do a year in half a day
[14:48] {laserdave1} magoo dcc please
[14:48] {magoo} crap
[14:51] {dino} lol
[14:51] {Threei} wow UAUA
[14:51] {Geo} hmmmm
[14:52] {Geo} is it tin hat time?
[14:53] {Threei} QID .50 break... scary
[14:53] {Geo} stop?
[14:54] {Threei} under .20 I'd think
[14:54] {Geo} NQ 44?
[14:55] {Threei} target closer to 78 QID
[14:55] {Threei} or just scalp... really hard to tell
[14:55] {Threei} emotions are running high again
[14:56] {Threei} nything can happen in a blink of eye
[14:57] {Threei} sold half .73
[14:57] {Threei} mostly to reduce risk than on valid read
[14:57] {Threei} stop to under .40
[14:58] {Threei} out second half
[14:58] {Threei} .35
[15:04] {dino} brb
[15:05] {Threei} look CNN
[15:05] {Geo} ?
[15:08] {Threei} ugh
[15:08] {Threei} wanted UAUA short .50 but it broke way too fast
[15:08] {Threei} not sure about bounce
[15:09] {Threei} had in mind quick scalp, and that played out in seconds
[15:10] {Threei} CNN at the time talked about website rendered credible source by analysts,
[15:10] {Threei} calling for an attack on US before the election
[15:11] {Threei} bounce was still a good entry on UAUA...
[15:12] {magoo} not so smart..dubya will kick their asses
[15:12] {magoo} wait for oisama obama
[15:12] {Threei} according to analysts their idea is to impact the election itself
[15:12] {Threei} trying to support McCain by attack
[15:12] {magoo} it would hurt obama..help mccain
[15:12] {Threei} right
[15:12] {Threei} and that's what they want
[15:13] {Geo} why?
[15:13] {Geo} not in their interest?
[15:13] {Threei} to keep fighting
[15:13] {Geo} crap
[15:13] {Threei} keep USA engaged
[15:13] {Threei} try to exhaust
[15:13] {Threei} and keep their mission alive
[15:14] {Geo} cant we nuke em?
[15:14] {Geo} please?
[15:16] {lisa_jay} Look at Uaua break 14.
[15:17] {Geo} QID almost 79
[15:17] {Threei} yeah... I took short and .20, scalped covering at 14.06
[15:17] {Threei} too risky to call
[15:18] {Threei} see how it teleports?
[15:18] {Threei} 10-15 cents
[15:18] {Threei} almost with no traades inbetween, just disappears in one spot and surfaces in another
[15:18] {lisa_jay} Yes.
[15:18] {Threei} -480 DJI
[15:18] {Threei} end of the world is coming again?
[15:20] {Threei} took small QID
[15:20] {Threei} stop under .80
[15:21] {Threei} held like charm so far
[15:21] {Threei} now go
[15:21] {Threei} stopped
[15:22] {Threei} need sufficient pullback for more confident entry
[15:23] {dino} how about bush putting that warning out just to frighten voters to mccain
[15:23] {Threei} what an ubelievably touching e-mail
[15:23] {Threei} Here writes Madam Margaret Clark, suffering from cancerous ailment. I am married to Engineer Gilbert Clark an Englishman who is dead.
[15:23] {Threei} I am crying
[15:23] {Geo} how many million vad?
[15:23] {Threei} My husband died after a protracted illness. My husband and I made a vow to uplift the
[15:23] {Threei} down-trodden and the less-privileged individuals as he had passion for persons who can not help themselves due to physical disability or
[15:23] {Threei} financial predicament.
[15:23] {Threei} wait... I am still crying
[15:24] {Geo} did i tell you i reply to all of them?
[15:24] {Geo} one line only
[15:24] {Geo} send me 100 by paypal and well talk
[15:24] {Threei} hehe
[15:24] {Threei} oops
[15:24] {Threei} 4.4 Million (four million Four Hundred Thousand USD)
[15:24] {Threei} nah
[15:24] {Threei} too small
[15:24] {Geo} every time they reply back and protest i double it
[15:25] {Geo} never worked beyond 3rd reply though
[15:25] {Geo} :(
[15:25] {Threei} there is a guy in UK I think who engages with them and tries to milk them
[15:25] {Threei} sometimes successfully
[15:25] {Threei} quite dangerous game, many are hardened criminals
[15:26] {Threei} Recently, my Doctor told me that I have limited days to live due to the cancerous problems I am
[15:26] {Threei} suffering from. Though what bothers me most is the stroke that I have in addition to the cancer.
[15:26] {Threei} back to crying
[15:26] {Threei} couldn't bering myself to go for this bounce UAUA
[15:27] {Threei} probably because of all the crying
[15:29] {Threei} more flush is coming
[15:29] {peterg} dow 500
[15:29] {peterg} back to the submarine, while plunging
[15:29] {Threei} did we go through all the gaps yet?
[15:30] {Threei} yeah
[15:30] {Threei} NEW YORK FED SAYS THAT THE FED WILL EXPAND THE MONEY MARKET BUYING PLAN BEYOND THE INITIAL LIST OF 50 CANDIDATE FIRMS
[15:31] {Threei} so, are we aiming for total state ownership of everything?
[15:33] {Threei} pcause if so, why worry whether one of candidates is sociaist
[15:33] {Threei} {--- looking forward to morning geeting "hello comrade magoo"
[15:36] {Threei} -600 is coming
[15:36] {Threei} you guys are alive out there?
[15:36] {magoo} and my "morninK comrades"
[15:36] {lisa_jay} yes.
[15:36] {peterg} So Vad, how many guests tomorrow at party?
[15:37] {Threei} you mean Dow 8000 party?
[15:37] {Threei} chaeron will come if he finds according hat
[15:37] {peterg} Na, trading room paryt
[15:37] {peterg} party
[15:37] {Threei} 2-3 I guess
[15:37] {peterg} between two and thrity one
[15:38] {peterg} mass email indeed
[15:38] {Threei} having hard time with that e-mail
[15:38] {peterg} you got to send out 5000000000
[15:38] {Threei} -600 is here
[15:38] {peterg} rimm really unwound
[15:39] {peterg} armageddon be commin
[15:39] {peterg} ragnarok
[15:39] {peterg} gotterdammerung
[15:39] {Threei} massaraksh
[15:40] {peterg} del!
[15:40] {peterg} icious
[15:40] {Threei} wow RIMM
[15:40] {Threei} 40s
[15:40] {Threei} who would have thought we live to see this
[15:41] {peterg} what are we seeing?
[15:41] {Threei} RIMM in 40s?
[15:42] {Threei} bounce time
[15:47] {Threei} magoo... fess up... went for RIMM off 47?
[15:49] {magoo} no vqad..im getting trired and worn down
[15:49] {magoo} mkts depressing me
[15:49] {Threei} oh come on
[15:49] {magoo} seriously
[15:49] {Threei} you want to trade bulinsh market only?
[15:50] {magoo} was up 1200 all 3 days to lose everyday
[15:50] {Threei} just don't focus on opinion
[15:50] {Threei} why no trailing stop on account as we discussed?
[15:50] {Threei} being up 1200, no way I'd ghome with less than 900
[15:51] {magoo} yup
[15:51] {magoo} losing every afternoon
[15:52] {dptl} ok...have a good evening all :)
[15:52] {Threei} take care dp
[15:53] {Threei} qute a bounce
[15:58] {Threei} wicked closing every day
[15:58] {Threei} Ok guys, thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {hawkfan4} amazing stuff, thx vad
[15:58] {Threei} and you comrade magoo... re-read Politburo instructions on traliling stop
[16:00] {dino} man, tough day to be sidetracked
[16:00] {magoo} achtung mine capitan
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:01] {magoo} oops..wrong book
[16:01] {Threei} lol
[16:01] {dino} 1000 pt move in 2 days
[16:01] {magoo} CME down 80 points this week
[16:01] {Threei} beware of comrade General Secretary Paulson
[16:02] {magoo} amzn vad
[16:02] {magoo} put up
[16:04] {Threei} REPORTS Q3 $0.27 V $0.25E, R $4.26B V $4.27BE
[16:04] {Threei} - Guides Q4 Rev $6B-7B v $7.02Be
[16:04] {Threei} - Guides FY08 Rev $18.46B-$19.46B v $19.49Be
[16:04] {Threei} wwhat beating
[16:04] {magoo} ty
[16:04] {magoo} caught it sah 47
[16:05] {magoo} short
[16:05] {Threei} covered yet?
[16:05] {magoo} out 42
[16:06] {Threei} made up for aftrenoon losses?
[16:06] {magoo} flat..
[16:06] {magoo} sigh
[16:06] {Threei} now, go home and SIN NO MORE!!
[16:06] {hawkfan4} lol, nice mags
[16:06] {magoo} hare von comadante'
[16:06] {Threei} made nice money - put a trailing stop on account
[16:06] {magoo} damm wrong manuel
[16:07] {Threei} AMGN
[16:07] {magoo} amgn vad
[16:07] {Threei} REPORTS Q3 $1.23 V $1.08E, R $ V $3.7BE, INCREASES FORECAST
[16:07] {Threei} - Guides FY08 $4.45-4.55 v $4.38e; R $ v $14.82Be
Talk to you tomorrow!
Session Time: Wed Oct 22 00:00:01 2008
[08:20] {_eliaun} Good Morning all
[08:20] {Threei} Good morning
[08:21] {_eliaun} a lot of trouts were hit yesterday
[08:21] {Threei} that's how we express happiness
[08:21] {Threei} unhappiness
[08:21] {Threei} appreciation of other human being
[08:22] {Threei} lack of such
[08:22] {Threei} and any other emotion or absence of it
[08:22] {Threei} what can I say... we are limited in our ways of explressing
06[08:24] * Threei slaps magoo around a bit with a large trout
[08:24] {Threei} and here is practical illustration
[08:25] {magoo} morning lol
[08:25] {Threei} :)
[08:25] {magoo} they keep changing rules vad...they halted AAPL before call last night..never halted before
[08:26] {Threei} not really true
[08:26] {Threei} AAPL was being halted before earnings announcement regularly
[08:26] {Threei} they stopped doing thatg for a while
[08:26] {Threei} now resumed that practice, but I remember it happening from 1997
[08:26] {Threei} probably by company request
[08:30] {magoo} that does it......................
06[08:30] * magoo slaps Threei around a bit with a large trout
[08:30] {Threei} NWA
[08:30] {Threei} REPORTS Q3 -$1.20 V $0.25E
[08:33] {Threei} - The reported results include a $410 million non-cash charge associated with marking-to-market out-of-period fuel hedges as required by Statement of Financial Accounting Standard (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities.
[08:34] {lisa_jay} Good morning.
[08:34] {Threei} lisa :)
[08:35] {Threei} I guess airlines got hit badly by fuel hedging
[08:36] {Threei} this incredible volatility in oil prices makes business planning tough
[08:38] {magoo} vad, do u know if our hard stops do not work afterhours?
[08:38] {Threei} no idea
[08:38] {Threei} I barely ever use them during market hours
[08:38] {magoo} i know
[08:38] {Threei} let alone after :)
[08:48] {lisa_jay} Vad, when you talk about aggressive entries (like ADBE) with sharp spike in NQ, what specifically should i be looking for.
[08:48] {lisa_jay} Thank you.
[08:49] {Threei} let's start with defining aggressive entry
[08:50] {lisa_jay} ok.
[08:50] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html
[08:51] {lisa_jay} I did read that article.
[08:51] {Threei} from here,
[08:51] {Threei} instead of waiting for the setup with a certain trigger
[08:51] {Threei} you use general market as leading indicator (in a case of a stock that does follow the market)
[08:52] {Threei} and when market changes direction, you grab your stock - providing there is a delay that gives you a window of opportunity
[08:54] {lisa_jay} What exaclty constitues a sharp spike, vs just market movement. Also what settings for you nq (to set my charts to the same thing).
[08:54] {Threei} 1 minute chart
[08:55] {Threei} what constitutes sharp spike... well, it's a matter of observation
[08:55] {Threei} sudfden move, big enough and fast enough
[08:55] {Threei} merely 1-2 points uptick is not really it
[08:56] {lisa_jay} Ok, thank you.
[09:00] {lisa_jay} SNDK ouch...Samsung pulls deal.
[09:10] {dptl} good morning all
[09:10] {Threei} DELL is scaringly close to 52 week low
[09:10] {Threei} dp :)
[09:12] {Onix} Good morning all
[09:12] {Threei} Onix :)
[09:13] {Threei} if we get market drop and DELL forms a range close enough for a reasonable stop, break of 12.27 should serve as a short trigger
[09:14] {Threei} most likely a scalp
[09:22] {hawkfan4} good morning
[09:23] {dino} gm, running late, just sold the foreclosure flip
[09:23] {Threei} hawk, dino :)
[09:25] {Geo} gm all
[09:26] {dino} going to fill the fri close -mon. open gap
[09:26] {Threei} geo :)
[09:30] {ese} morning
[09:31] {Threei} ese :)
[09:31] {Threei} Long Setup: NUAN half lot 10.05
[09:31] {Threei} if stays above 9.90
[09:33] {Threei} rather bounce candidate
[09:33] {dino} cme
[09:33] {lisa_jay} UAUA broke 14 again.
[09:33] {Threei} too fast
[09:33] {Threei} jumper
[09:38] {Threei} UAUA headed for 15 it seems
[09:45] {Threei} Long Setup: DAL 10.43
[09:46] {Threei} stop under .30
[09:46] {peterg} good mornng
[09:46] {Threei} peter :)
[09:46] {Threei} don't chase
[09:46] {Threei} let it pullback to you
[09:47] {Threei} not a scalp for me
[09:47] {Threei} partial at 1:1
[09:49] {lisa_jay} 10c thank you Vad.
[09:49] {Threei} welcome
[09:49] {Geo} out half .55
[09:50] {Geo} adjusted stop vad?
[09:50] {Threei} welcome.35
[09:50] {Threei} oops
[09:50] {Threei} lol
[09:50] {Threei} .35
[09:51] {Threei} out
[09:51] {Threei} watching for re-entry
[09:52] {dino} dji feels like 8600
[09:52] {Threei} wanted around .20, didn't get it
[09:53] {dino} v sm v wide v risky l cme 16.01
[09:53] {Onix} stopped nuan & dal
[09:56] {dino} hbhc death
[09:57] {hawkfan4} herbie hancock not looking so good
[09:58] {Threei} Short Setup: DELL .39
[09:58] {Threei} stop above .50
[10:00] {Threei} FED RAISES INTEREST RATES IT PAYS ON BANK RESERVE BALANCES
[10:00] {dino} lol hawk, takes me back
[10:00] {Threei} cover half DELL
[10:00] {Threei} 1:1
[10:01] {dino} fed paying more to banks, re-liquifing
[10:01] {Threei} broke 52 week low
[10:01] {lisa_jay} missed dell :-(
[10:01] {dino} salvation thru inflation boys. another bubble in the making
[10:02] {Geo} all out
[10:02] {Threei} yup
[10:02] {Geo} .17
[10:02] {Geo} 22 cents TY
[10:02] {Threei} welcome
[10:02] {Threei} sheesh UAUA
[10:02] {Threei} look how it's holding
[10:03] {Onix} +.23 DEL ty Vad
[10:04] {dino} 48 to go
[10:04] {Geo} nice ONIX
[10:04] {Onix} ty
[10:05] {Geo} wow UAUA
[10:06] {Threei} 15.50 next (says he closing his eyes and expecting to be trouted)
[10:06] {dino} gj onix
[10:06] {Threei} UAUA
[10:06] {Threei} PRICE TARGET RAISED TO $17 FROM $14 AT MERRILL, MAINTAINS BUY RATING
[10:07] {Threei} DELL doesn't react on market bounce
[10:07] {dino} merrill needs to get out
[10:07] {Geo} you half in?
[10:07] {Threei} yes
[10:08] {Threei} .31 stop now
[10:08] {Threei} 15.50 hit
06[10:08] * Geo slaps Threei around a bit with a large trout
[10:08] {Geo} or was it if it didnt?
[10:09] {Threei} at your discretion
[10:09] {Geo} thats rather nice of you in the morning vad
[10:10] {Threei} it felt very much like another run in the making while it held close to 15 during market drop...
[10:10] {Geo} .15 being defended dell
[10:10] {Threei} but to bring myself to call it after such a spike over last days is another matter
[10:10] {Threei} especially considering how volatile it is
[10:11] {dino} csh sm l .00
[10:11] {Geo} not anymore i guess
[10:11] {Threei} }DELL} nah... I am indefensible
[10:11] {Threei} 1/4 more out
[10:13] {ese} is it me...or is everyone finding it hard to find stuff to get into
[10:14] {ese} uaua would have been nice but missed that
[10:14] {ese} what kind of scans are working?.....
[10:15] {Threei} breakdown did on DELL
[10:16] {Geo} uaua showwed up on my scanner at 6:34
[10:17] {dino} hmm seems 8-ball was off 22 pts
[10:17] {dino} and yes es, iut is you
[10:17] {dino} it
[10:17] {dino} .07 gap working like mad, as well as new 52 week lows
[10:17] {Geo} did we just get accused of breaking dino's 8 ball?
[10:17] {ese} tks dino....i needed that
[10:17] {dino} but of course bro
[10:18] {ese} gap ups or downs?
[10:18] {Geo} for you ese
[10:18] {Geo} ILMN
[10:18] {dino} ups right now, program it for both, red/green
[10:19] {dino} look for multiples
[10:19] {dino} ilmn ouch
[10:19] {ese} multiples?
[10:21] {dino} yes. they only flash on .07 gaps, when you see a bunch of same stock flashing, that baby is rocking
[10:21] {dino} keep it simply
[10:21] {dino} simple
[10:22] {ese} ahhhh got that....
[10:23] {dino} now that my secrets are out, i may as well quit
[10:23] {Geo} heheheh
[10:23] {Threei} lol
[10:23] {Geo} welll vad a sore quitter
[10:24] {Geo} he never quit !!!
[10:24] {dino} no, he not a quitter, just cranky
[10:24] {Threei} I wanted to object to that... but then found no grounds
[10:25] {lisa_jay} Vad, on the Dell call, by the time i loaded it up it was already down to .35 and could not go above it....was .35 ok to take.
[10:25] {Threei} I wouldn't chasde it more than couple cents... but your quotes are slow
[10:26] {Geo} also i have figured out that vad stalks
[10:26] {Threei} it was available for quite a while
[10:26] {lisa_jay} Quotes are ok...I am slow...have a bad cold and took some medicine for it...(not vodka)!
[10:26] {Geo} so i keep stuff he has mentioned opened up if possible
[10:26] {lisa_jay} Thanks Geo.
[10:26] {Geo} its a complement off course vad
[10:27] {Threei} (US) WHITE HOUSE PRESS SEC: IN FOR TOUGH GPD NUMBER NEXT WEEK
[10:27] {Threei} we are getting forewarned
[10:28] {dino} you don't think the market knows this already
[10:28] {Threei} for weeks
[10:28] {Threei} if not months
[10:28] {magoo} l aapl here small 300 sh
[10:28] {magoo} .39
[10:29] {magoo} stop .89
[10:30] {lisa_jay} Will check my quotes, thank Vad.
[10:30] {Threei} Long Setup: ADBE half lot .53 if holding above .40
[10:31] {Threei} UAUA
[10:31] {Threei} I am crying
[10:31] {Threei} it will never stop
[10:31] {Threei} it will go up, up, up...
[10:31] {Threei} for years to come
06[10:32] * Geo so will vad
[10:32] {hawkfan4} oil #'s in 3 mins
[10:32] {Threei} 10 years from now we will obsderve UAUA at $10,253.17 and call it long
[10:33] {hawkfan4} better make it a half lot then
[10:33] {Threei} lol
[10:33] {Geo} lol
[10:33] {lisa_jay} i can only do 1 share
[10:33] {dino} the buy 100 and forget it, lol
[10:33] {dino} rimm
[10:34] {Geo} something about ATT launching bold
[10:34] {lisa_jay} Vad, is adbe still valid.
[10:34] {Threei} RIMM HEARING MORGAN KEEGAN MAKES POSITIVE COMMENTS (TIMING UNCERTAIN)
[10:34] {Threei} nah
[10:35] {dino} leco
[10:35] {Threei} *DOE CRUDE: +3.2M V +2.6ME;
[10:36] {magoo} buck on aapl
[10:36] {Threei} GASOLINE: +2.7M V +2.8ME; DISTILLATES: +2.2M V +250KE; UTILIZATION: 84.8% V 83.2%E
[10:37] {dino} sm l hig .90
[10:37] {magoo} tough creowd
[10:38] {Geo} nice magoo :)
[10:38] {magoo} too late geo..i hate u lol
[10:38] {Geo} heheheh
[10:38] {lisa_jay} I have an excuse Magoo...drugged up...
[10:39] {magoo} magoo waits and watches for hours to give u all the 1 call
[10:39] {magoo} sigh
[10:39] {hawkfan4} rimm sm long .65, stop .50
[10:43] {Threei} OK, I have to do it
[10:43] {Threei} Long Setup: UAUA .96 half lot
[10:44] {Threei} stop under .75
[10:44] {magoo} i thought a trout was coming
[10:44] {Threei} good idea actually
06[10:44] * Threei slaps magoo around a bit with a large trout
06[10:44] * Geo slaps Threei around a bit with a large trout
06[10:45] * Geo figured vad busy
[10:48] {dino} lol
[10:48] {magoo} WOW SPIKE
[10:48] {dino} rally
[10:49] {Threei} that was faast 1:1
[10:49] {dino} stop calling me that magoo
[10:49] {Geo} lol dino
[10:49] {hawkfan4} lol
[10:49] {magoo} lisa..thats a spike
[10:49] {magoo} qqqq minute chgart
[10:49] {lisa_jay} Thanks Magoo.
[10:51] {lisa_jay} DAL falling
[10:52] {Geo} tmx dino
[10:54] {magoo} c'mon naz..explode up..kill the shorts
[10:54] {dptl} uaua +.14 ty and ,Vad ty dell earlier +.15
[10:56] {hawkfan4} 1/2 out RIMM 1.74
[10:56] {hawkfan4} stop to .66 on rest
[10:58] {hawkfan4} stop to .79
[10:59] {Threei} dp :)
[10:59] {dino} hig stopped
[10:59] {dino} -.40
[11:00] {hawkfan4} stop .94
[11:01] {Threei} beauty RIMM hawk
[11:02] {hawkfan4} out rest + 1.29. thx :)
[11:02] {Geo} nice !
[11:02] {hawkfan4} thx geo
[11:02] {patience} very nice hawk
[11:02] {hawkfan4} :)
[11:09] {dino} sweet hawk
[11:10] {hawkfan4} thx dino, and thx for the heads up on it
[11:12] {Geo} CSE
[11:13] {dino} np
[11:14] {Geo} pullback on BRCM vad?
[11:14] {Chaeron} good morning all
[11:14] {Geo} hey chaeron
[11:15] {Threei} chaeron :)
[11:17] {lisa_jay} Vad, would EMC be considered a thick stock? Thanks.
[11:18] {Threei} pretty much, yes
[11:20] {Threei} BRCM starts looking more like break Geo
[11:20] {Threei} unless market tanks
[11:25] {dptl} symbol lehman bro. ?
[11:25] {Threei} LEHMQ?
[11:26] {Chaeron} checking pinksheets.com....
[11:26] {dptl} lehmq?
[11:26] {Threei} yes
[11:26] {Chaeron} 0.068
[11:27] {dptl} ty
[11:34] {Threei} JBLU is trying to catch up
[11:34] {Threei} much slower and narrower than UAUA
[11:35] {Threei} but bumping against two days resistance .25
[11:36] {Threei} hard to believe but UAUA is consolidating again
[11:43] {lisa_jay} cal
[11:43] {lisa_jay} sorry wrong screen
[11:55] {dino} pressure building imo, this maket is going to either pop or drop hard
[11:56] {lisa_jay} Do you follow ticks and other market internals....if so we are seeing high +ve ticks vs -ve...so pop maybe.
[11:58] {dino} i don't lisa.
[11:58] {dino} more of a gut feel, watching scanners
[11:58] {lisa_jay} Ok, thanks Dino.
[11:59] {dino} :)
[11:59] {Threei} and I mostly get by watching dino watching his scanners
[11:59] {Geo} i just have a vad alert
[11:59] {dino} i may be wrong, but feels up
[11:59] {Threei} sometimes it gets cloudy because magoo is blocking the line of sight
[12:00] {lisa_jay} I thought you guys had balls....oh sorry 8 ball.
[12:00] {dino} big one lisa
[12:00] {Threei} yes to 8 ball part
[12:00] {dino} ones
[12:00] {Geo} too late dino !
[12:01] {dino} lol
[12:01] {Geo} lol
[12:01] {Threei} btw guys
[12:01] {Threei} we still have troubles with mass e-mail but going to open the room for Thu-Fri anyway
[12:02] {dino} so you want me to keep quiet
[12:02] {Threei} so, make sure your hair is combed
[12:02] {Threei} nah... business as usual
[12:02] {Threei} we don't adjust out behavior just because Queen comes for a dinner
[12:03] {Threei} if you have contact with someone who is not in the room, let them know since I doubt our e-mails reach them
[12:13] {Threei} SEC PROVIDES UPDATE ON SUBPRIME INVESTIGATIONS, NOTES MORE THAN 50 STILL ONGOING,
[12:14] {Threei} NTRI...
[12:14] {Threei} thin one... maybe a scalp on break
[12:15] {Geo} half lot?
[12:15] {Threei} yeah
[12:22] {dino} up it is
[12:24] {lisa_jay} Vad, how to play NTRI
[12:24] {Threei} .47 was the trigger at the moment
[12:24] {dino} banks moving up
[12:27] {Threei} dino's 8-ball is right again
[12:30] {Threei} NQ long entry on pullback is around here
[12:31] {Threei} stop under 75
[12:32] {Threei} according QID short near 74
06[12:34] * Threei kicks market in the rear
[12:36] {dino} not right enough tho
[12:36] {Geo} sigh..... of to work
[12:37] {Threei} hiho?
[12:38] {Threei} OK... no one gets my humor
[12:38] {Threei} what else is new
[12:39] {lisa_jay} ?
[12:39] {hawkfan4} it's not that we don't get it...;})
[12:39] {Threei} hi ho hiho... off to work we go...
[12:39] {Threei} oh great hawk... add to my already bottomless misery...
[12:40] {hawkfan4} lol, kidding :)
[12:40] {Threei} kidding? I don't get it
[12:41] {Threei} .me cancels his sense of humor forever
06[12:41] * Threei cancels his sense of humor forever
[12:41] {hawkfan4} hee, now that's funny!
[12:41] {Threei} too late
[12:42] {Threei} bands tightened
[12:43] {Threei} spike is coming
[12:43] {Threei} either way
[12:43] {Threei} most likely both ways, lol
06[12:46] * Threei repeats swift kick in market's rear
[12:47] {lisa_jay} ntri almost 1:1
[12:47] {dino} gj
[12:47] {Threei} wow oil
[12:47] {lisa_jay} thank you.
[12:50] {Threei} hmmm... market needs to wear some kind of pin... I seem to mistaken its rear for front
[12:54] {lisa_jay} UAUA made a new high
[12:54] {Threei} cover half QID here
[12:56] {Threei} good boy NTRI
[12:57] {Threei} half out .66
[12:57] {lisa_jay} wow!!!
[12:58] {Threei} offer NQ balance just above 1285
[12:58] {Threei} bid to cover QID balance under 73
[12:58] {lisa_jay} wow!!!!
[12:59] {dptl} jnpr?
[13:00] {Threei} hard to tell JNPR...
[13:00] {Threei} if market goes for new highs, sure
[13:00] {dptl} ok ty
[13:01] {Threei} balance stopped on NQ and QID
[13:04] {lisa_jay} Vad is there an alternative way to play QID & NQ calls...my platform does not allow me to short QID. Thanks.
[13:04] {Threei} play long QQQQ instead
[13:04] {Threei} just less effective
[13:04] {Threei} less risk too
[13:06] {lisa_jay} ok, thanks
[13:06] {Threei} compare ranges... 70 cents QQQQ vs 3.20 or so QID
[13:07] {Threei} gives you idea of volatility
[13:08] {lisa_jay} yes, there was a 15c move in qqqq since your call (appx.)
[13:09] {Threei} out balance NTRI .40
[13:09] {Threei} shuld have stay with plan, designated it as a scalp from the get-go
[13:11] {Threei} and should have taken those typing courses
[13:11] {lisa_jay} was NTRI a scanner play?
[13:12] {Threei} oh, and should have ignored those humor development course - obviously wasted money
[13:12] {Threei} yes
[13:12] {lisa_jay} Lol.
[13:12] {Threei} or maybe not...
[13:13] {Threei} lol
[13:13] {Threei} UAUA nice drop
[13:14] {lisa_jay} Your prediction of spike both ways is coming true.
[13:15] {Threei} yeah
[13:15] {Threei} that's what we do lately
[13:15] {Threei} amazing insensitivity to market movement we developed... -370 DJI, feels like narrow day
[13:16] {Threei} is this NTRI bidder for real?
[13:21] {Threei} he is
[13:26] {Threei} UAUA refuses to lose .50
[13:26] {dino} going for lows
[13:28] {Threei} OPEC PRES KHELIL: PRIMARY CONCERN IS HOW RECESSION MAY AFFECT ITS MEMBERS, DO NOT WANT TO HURT COUNTRIES ENCOUNTERING DIFFICULTY IN FINANCIAL CRISIS
[13:28] {Threei} - Notes as well that it does not want low prices to negatively affect members, and stocks are very high with members unable to sell oil
[13:28] {Threei} - Remarks that is positive that other non-OPEC countries will support and contribute to the cut in production
[13:30] {Threei} last time I looked their cost of extraction was around $1-3 per barrel
[13:30] {Threei} what is "low price" for them?
[13:31] {dino} 50
[13:32] {Threei} as far as I am concerned, anything above $10 is excessive
[13:33] {Threei} too bad no one is concerned about my concern
[13:34] {dino} \distracted today
[13:36] {Geo} sheesh hiho
[13:36] {Geo} i looked it up in laser
[13:36] {Threei} ROFL
06[13:39] * laserdave1 slaps Threei around a bit with a large trout
[13:40] {Threei} ugh
06[13:40] * laserdave1 slaps Chaeron around a bit with a large trout
[13:40] {Threei} he sneaks in again
06[13:40] * laserdave1 slaps Geo around a bit with a large trout
06[13:40] * laserdave1 slaps magoo around a bit with a large trout
[13:40] {Geo} shoot missed
06[13:40] * laserdave1 slaps laserdave1 around a bit with a large trout
06[13:40] * magoo slaps Threei around a bit with a large trout
06[13:40] * magoo slaps Threei around a bit with a large trout
06[13:40] * laserdave1 slaps Threei around a bit with a large trout
06[13:40] * magoo slaps patience around a bit with a large trout
[13:40] {patience} magoosky!
[13:40] {patience} when are you going hunting?
[13:41] {magoo} november
06[13:42] * Geo abhors violence
[13:42] {Threei} wow SLW
[13:42] {Geo} unless on others
[13:46] {Threei} sheesh
[13:46] {Threei} look at this jerkiness
[13:52] {dino} this market blows today, things are stuck
[13:52] {magoo} it blew all week
[13:53] {dino} brb, have to hit liquor store
[13:53] {Geo} youre not doing that bad dino
[13:53] {magoo} vad..open house tomorrow?
[13:54] {dino} not at all. just that the scotch bottle is about dry
[13:54] {Geo} glenmorangie?
[13:54] {dino} :)
[13:56] {Threei} yes mags
[13:57] {Threei} (unless no one comes)
[13:57] {magoo} yes what?
[13:57] {Threei} but we still keep door open
[13:57] {Threei} hmmm... you are asking for it... but I am not obliging
[13:58] {magoo} asking for what?
[13:58] {Threei} {--- barely holding... but holding
[13:58] {Threei} willpower
[13:58] {magoo} holding what?
[13:58] {Threei} more willpower
[13:59] {Threei} wait... what I am doing restricting my self from pure joy
06[13:59] * Threei slaps magoo around a bit with a large trout
[14:00] {Threei} SLW wortha try for scalp here with 3 cents stop
[14:01] {Threei} make sure 4 is holding and 4.02 getting hit
[14:01] {Threei} try to catch last shares at 4.02
[14:02] {Threei} nope
[14:04] {dino} ok, i went to store at -350, i come back -350
[14:04] {Threei} lol
[14:04] {Threei} see, hawk walks to the bank with more effect on the market
[14:05] {dino} market does not appreciated spirits
[14:08] {Threei} hmmm
[14:08] {Threei} -400 aupon your return
[14:09] {Threei} something to think about? :)
[14:12] {Threei} in UAUA, stop under 15
[14:12] {Geo} whats your price vad?
[14:12] {Threei} .16
[14:13] {Geo} ok .1660 here
[14:13] {lisa_jay} Geo how do you enter and exit so fast.
[14:13] {Geo} all about hotkeys for me
[14:14] {Threei} mouse here
[14:14] {Threei} just as fast
[14:14] {Geo} nah
[14:14] {Threei} heh
[14:14] {Geo} i believe vads faster brain compensates slow mouse
[14:14] {lisa_jay} If you don't mind me asking, Geo, what was your entry?
[14:15] {Geo} [11:13] {Geo} ok .1660 here
[14:15] {lisa_jay} Oh shit...sorry cursing.
[14:15] {lisa_jay} I thought target was .16. I should just shut down and go take a nap.
[14:16] {magoo} none of that tomorrow lisa lol
[14:16] {Threei} isn't bouncing with NQ really
[14:16] {magoo} no trouting either
[14:16] {Threei} too tired I guess
[14:18] {Geo} hmmm not very strong
[14:18] {Threei} Lehmaan CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT
[14:19] {Threei} ths should prop the market
[14:19] {Threei} that was serious concern
[14:20] {dino} that should be great news
[14:20] {Threei} $72B OF CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT THROUGH SELLERS PAYING $5.2B
[14:20] {Threei} 5.2 for 72
[14:20] {Geo} half out
[14:20] {Geo} .26
[14:21] {Geo} stop 15.10 vad?
[14:21] {Threei} the way you play it, yes
[14:21] {Geo} also curious about yours pls? :)
[14:21] {Threei} I am just offering .40
[14:21] {Geo} ok
[14:21] {Threei} with old stop
[14:22] {Geo} no 1/4?
[14:22] {Threei} not even 1/2
[14:22] {Geo} ooooh
[14:24] {Threei} hmmm... really feels tired
[14:24] {Threei} may have to adjust
[14:25] {Geo} pitched most aat 1:1
[14:25] {Geo} not folowing NQ
[14:25] {Threei} another market spike
[14:25] {Threei} let's ee if it helps
[14:25] {Threei} not really
[14:26] {Geo} out .11
[14:26] {Threei} out .27
[14:26] {Geo} at .27
[14:26] {Geo} heheh
[14:26] {Geo} vad gotta say...
[14:26] {Geo} a few months ago i would be blind to all of this
[14:27] {Geo} so thanks :)
06[14:27] * Threei is now known as eye-opener
[14:27] {Geo} third eye?
[14:27] {Geo} sheeeit now it rises
[14:27] {lisa_jay} Lol, i am so silly. Could have entered trade at .02, sigh.
[14:28] {Geo} why?
[14:28] {Geo} no one can bottom tick perfectly
[14:28] {Geo} i wanted to see it come back
[14:28] {Threei} oil 66s?
[14:29] {lisa_jay} no, after i realized where you entered, waited for pullback and it pulled back all the way to .01
[14:29] {Geo} yes vad
[14:29] {Geo} yes it did lisa :)
[14:29] {Threei} here is my .40
[14:29] {Threei} sigh
06[14:29] * Geo thinks vad is influenced by geo
06[14:30] * Geo ducks
[14:30] {Threei} is someone at GS feeling pretty stupid about $200 target?
[14:30] {lisa_jay} sorry guys, will be more alert next time.
[14:31] {Geo} nope the say guy said 50 now
[14:34] {Geo} so vad.... how did ya come up with 40? prev support?
[14:34] {dino} i think t.boone pickens is
[14:35] {Threei} just gut feeling
[14:35] {Geo} ok
[14:35] {Geo} you and magoo pretty good at gut targets
[14:40] {magoo} this mkt wearing me out..i go up every morning and go down every afternoon
[14:41] {Threei} it adopted this trend of dropping second hakf of the day
[14:41] {Threei} why not cut down afternoon
[14:41] {magoo} i waited all afternoon to get sucked in justr now on that up
[14:42] {magoo} that 14:05 up
[14:42] {Threei} -450 dow
[14:45] {patience} -404 tsx
[14:45] {dino} theres the 8600
[14:46] {dino} -7.5% since monday. these moves are insane
[14:46] {dino} they do a year in half a day
[14:48] {laserdave1} magoo dcc please
[14:48] {magoo} crap
[14:51] {dino} lol
[14:51] {Threei} wow UAUA
[14:51] {Geo} hmmmm
[14:52] {Geo} is it tin hat time?
[14:53] {Threei} QID .50 break... scary
[14:53] {Geo} stop?
[14:54] {Threei} under .20 I'd think
[14:54] {Geo} NQ 44?
[14:55] {Threei} target closer to 78 QID
[14:55] {Threei} or just scalp... really hard to tell
[14:55] {Threei} emotions are running high again
[14:56] {Threei} nything can happen in a blink of eye
[14:57] {Threei} sold half .73
[14:57] {Threei} mostly to reduce risk than on valid read
[14:57] {Threei} stop to under .40
[14:58] {Threei} out second half
[14:58] {Threei} .35
[15:04] {dino} brb
[15:05] {Threei} look CNN
[15:05] {Geo} ?
[15:08] {Threei} ugh
[15:08] {Threei} wanted UAUA short .50 but it broke way too fast
[15:08] {Threei} not sure about bounce
[15:09] {Threei} had in mind quick scalp, and that played out in seconds
[15:10] {Threei} CNN at the time talked about website rendered credible source by analysts,
[15:10] {Threei} calling for an attack on US before the election
[15:11] {Threei} bounce was still a good entry on UAUA...
[15:12] {magoo} not so smart..dubya will kick their asses
[15:12] {magoo} wait for oisama obama
[15:12] {Threei} according to analysts their idea is to impact the election itself
[15:12] {Threei} trying to support McCain by attack
[15:12] {magoo} it would hurt obama..help mccain
[15:12] {Threei} right
[15:12] {Threei} and that's what they want
[15:13] {Geo} why?
[15:13] {Geo} not in their interest?
[15:13] {Threei} to keep fighting
[15:13] {Geo} crap
[15:13] {Threei} keep USA engaged
[15:13] {Threei} try to exhaust
[15:13] {Threei} and keep their mission alive
[15:14] {Geo} cant we nuke em?
[15:14] {Geo} please?
[15:16] {lisa_jay} Look at Uaua break 14.
[15:17] {Geo} QID almost 79
[15:17] {Threei} yeah... I took short and .20, scalped covering at 14.06
[15:17] {Threei} too risky to call
[15:18] {Threei} see how it teleports?
[15:18] {Threei} 10-15 cents
[15:18] {Threei} almost with no traades inbetween, just disappears in one spot and surfaces in another
[15:18] {lisa_jay} Yes.
[15:18] {Threei} -480 DJI
[15:18] {Threei} end of the world is coming again?
[15:20] {Threei} took small QID
[15:20] {Threei} stop under .80
[15:21] {Threei} held like charm so far
[15:21] {Threei} now go
[15:21] {Threei} stopped
[15:22] {Threei} need sufficient pullback for more confident entry
[15:23] {dino} how about bush putting that warning out just to frighten voters to mccain
[15:23] {Threei} what an ubelievably touching e-mail
[15:23] {Threei} Here writes Madam Margaret Clark, suffering from cancerous ailment. I am married to Engineer Gilbert Clark an Englishman who is dead.
[15:23] {Threei} I am crying
[15:23] {Geo} how many million vad?
[15:23] {Threei} My husband died after a protracted illness. My husband and I made a vow to uplift the
[15:23] {Threei} down-trodden and the less-privileged individuals as he had passion for persons who can not help themselves due to physical disability or
[15:23] {Threei} financial predicament.
[15:23] {Threei} wait... I am still crying
[15:24] {Geo} did i tell you i reply to all of them?
[15:24] {Geo} one line only
[15:24] {Geo} send me 100 by paypal and well talk
[15:24] {Threei} hehe
[15:24] {Threei} oops
[15:24] {Threei} 4.4 Million (four million Four Hundred Thousand USD)
[15:24] {Threei} nah
[15:24] {Threei} too small
[15:24] {Geo} every time they reply back and protest i double it
[15:25] {Geo} never worked beyond 3rd reply though
[15:25] {Geo} :(
[15:25] {Threei} there is a guy in UK I think who engages with them and tries to milk them
[15:25] {Threei} sometimes successfully
[15:25] {Threei} quite dangerous game, many are hardened criminals
[15:26] {Threei} Recently, my Doctor told me that I have limited days to live due to the cancerous problems I am
[15:26] {Threei} suffering from. Though what bothers me most is the stroke that I have in addition to the cancer.
[15:26] {Threei} back to crying
[15:26] {Threei} couldn't bering myself to go for this bounce UAUA
[15:27] {Threei} probably because of all the crying
[15:29] {Threei} more flush is coming
[15:29] {peterg} dow 500
[15:29] {peterg} back to the submarine, while plunging
[15:29] {Threei} did we go through all the gaps yet?
[15:30] {Threei} yeah
[15:30] {Threei} NEW YORK FED SAYS THAT THE FED WILL EXPAND THE MONEY MARKET BUYING PLAN BEYOND THE INITIAL LIST OF 50 CANDIDATE FIRMS
[15:31] {Threei} so, are we aiming for total state ownership of everything?
[15:33] {Threei} pcause if so, why worry whether one of candidates is sociaist
[15:33] {Threei} {--- looking forward to morning geeting "hello comrade magoo"
[15:36] {Threei} -600 is coming
[15:36] {Threei} you guys are alive out there?
[15:36] {magoo} and my "morninK comrades"
[15:36] {lisa_jay} yes.
[15:36] {peterg} So Vad, how many guests tomorrow at party?
[15:37] {Threei} you mean Dow 8000 party?
[15:37] {Threei} chaeron will come if he finds according hat
[15:37] {peterg} Na, trading room paryt
[15:37] {peterg} party
[15:37] {Threei} 2-3 I guess
[15:37] {peterg} between two and thrity one
[15:38] {peterg} mass email indeed
[15:38] {Threei} having hard time with that e-mail
[15:38] {peterg} you got to send out 5000000000
[15:38] {Threei} -600 is here
[15:38] {peterg} rimm really unwound
[15:39] {peterg} armageddon be commin
[15:39] {peterg} ragnarok
[15:39] {peterg} gotterdammerung
[15:39] {Threei} massaraksh
[15:40] {peterg} del!
[15:40] {peterg} icious
[15:40] {Threei} wow RIMM
[15:40] {Threei} 40s
[15:40] {Threei} who would have thought we live to see this
[15:41] {peterg} what are we seeing?
[15:41] {Threei} RIMM in 40s?
[15:42] {Threei} bounce time
[15:47] {Threei} magoo... fess up... went for RIMM off 47?
[15:49] {magoo} no vqad..im getting trired and worn down
[15:49] {magoo} mkts depressing me
[15:49] {Threei} oh come on
[15:49] {magoo} seriously
[15:49] {Threei} you want to trade bulinsh market only?
[15:50] {magoo} was up 1200 all 3 days to lose everyday
[15:50] {Threei} just don't focus on opinion
[15:50] {Threei} why no trailing stop on account as we discussed?
[15:50] {Threei} being up 1200, no way I'd ghome with less than 900
[15:51] {magoo} yup
[15:51] {magoo} losing every afternoon
[15:52] {dptl} ok...have a good evening all :)
[15:52] {Threei} take care dp
[15:53] {Threei} qute a bounce
[15:58] {Threei} wicked closing every day
[15:58] {Threei} Ok guys, thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {hawkfan4} amazing stuff, thx vad
[15:58] {Threei} and you comrade magoo... re-read Politburo instructions on traliling stop
[16:00] {dino} man, tough day to be sidetracked
[16:00] {magoo} achtung mine capitan
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:01] {magoo} oops..wrong book
[16:01] {Threei} lol
[16:01] {dino} 1000 pt move in 2 days
[16:01] {magoo} CME down 80 points this week
[16:01] {Threei} beware of comrade General Secretary Paulson
[16:02] {magoo} amzn vad
[16:02] {magoo} put up
[16:04] {Threei} REPORTS Q3 $0.27 V $0.25E, R $4.26B V $4.27BE
[16:04] {Threei} - Guides Q4 Rev $6B-7B v $7.02Be
[16:04] {Threei} - Guides FY08 Rev $18.46B-$19.46B v $19.49Be
[16:04] {Threei} wwhat beating
[16:04] {magoo} ty
[16:04] {magoo} caught it sah 47
[16:05] {magoo} short
[16:05] {Threei} covered yet?
[16:05] {magoo} out 42
[16:06] {Threei} made up for aftrenoon losses?
[16:06] {magoo} flat..
[16:06] {magoo} sigh
[16:06] {Threei} now, go home and SIN NO MORE!!
[16:06] {hawkfan4} lol, nice mags
[16:06] {magoo} hare von comadante'
[16:06] {Threei} made nice money - put a trailing stop on account
[16:06] {magoo} damm wrong manuel
[16:07] {Threei} AMGN
[16:07] {magoo} amgn vad
[16:07] {Threei} REPORTS Q3 $1.23 V $1.08E, R $ V $3.7BE, INCREASES FORECAST
[16:07] {Threei} - Guides FY08 $4.45-4.55 v $4.38e; R $ v $14.82Be
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