Interesting day. Started out well, then tightly locked market kept us inactive. Followed wave of selling didn't have much volume or readablity for a while and cost us couple stops. Finally, we got back in tune with market and ended day solidly in the money with couple shorts, and nice QID long for a full dollar move. Notice comments at 12:27 explaining what threw my read off and at 14:10 and 15:44 showing what key unlocked today's profits.
Session Time: Wed Nov 05 00:00:00 2008
[08:03] {Threei} Good morning
[08:04] {Threei} someone left ADBE bid 29.10, just 6 cents below yest close... smacked it, but it was 100 shares only, lol
[08:06] {amarg} good morning to everyone
[08:06] {Threei} amarg :)
06[08:14] * laserdave1 slaps Threei around a bit with a large trout
[08:15] {patience} morning rt :)
[08:15] {Threei} patience :)
[08:15] {Threei} and you dave... you are even sneakier this morning than you were yesterday
[08:16] {laserdave1} i getting better as i grow old
[08:22] {lisa_jay} Goodmorning.
[08:22] {Threei} lisa :)
[08:24] {dawg} Morning
[08:24] {Threei} dawg :)
[08:39] {_maga} good morning
[08:40] {Threei} maga :)
[08:41] {peterg} morning all
[08:41] {Threei} peter :)
[08:41] {peterg} lisa, i have cc of yesterday's discussion of stops & emotions; would you like it or already have it
[08:42] {peterg} available to any who want short version
[08:42] {lisa_jay} Yes, thank you Peter.
[08:42] {peterg} email or dcc
[08:43] {lisa_jay} dcc please
[08:43] {peterg} k
[08:44] {magoo} morning
[08:45] {Threei} good morning tovarishch magoo
[08:46] {lisa_jay} Hi Magoo
[08:59] {magoo} tovarishch
[08:59] {magoo} huh?
[08:59] {Threei} russian for comrade :)
[09:00] {Threei} SBK CEO: WE ARE HALTING DIVIDEND PAYMENTS - CONF CALL
[09:00] {Threei} ABK
[09:04] {Threei} while we have half hour more, may I offer you some of my latest photos, some amazing fall colors and more of Alaska
[09:04] {Threei} http://www.flickr.com/photos/36948132@N00/
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {Onix} Good morning all
[09:07] {Threei} Onix :)
[09:08] {ese} morning as well....
[09:08] {Threei} ese :)
[09:08] {ese} hey vad
[09:08] {lisa_jay} Nice pictures Vad. Thanks for sharing
[09:08] {Threei} :)
[09:09] {ese} well......how do you all feel re the election yesterday.....?
[09:09] {Threei} I'll miss Joe the Plumber
[09:09] {lisa_jay} My 3 yr old says Omama won, why did Odada not win.
[09:10] {ese} thats funny lisa......and cute
[09:17] {dino} gm all
[09:17] {hawkfan4} good morning
[09:17] {lisa_jay} HI Dino
[09:17] {Threei} dino, hawk :)
[09:17] {tomg} gm all
[09:18] {Threei} tom :)
[09:19] {ese} dino
[09:20] {dino} :)
[09:20] {ese} tom
[09:20] {ese} hawk
[09:20] {tomg} hi ese :)
[09:20] {dino} as for the election, i'll survive
[09:21] {ese} whys that dino
[09:21] {Geo} he misses palin :)
[09:21] {dino} taxes are going to increase
[09:21] {Geo} yup
[09:22] {Geo} while I am not personally thrilled.... I do acknowldge that this is historic
[09:22] {dino} indeed
[09:22] {ese} very.....
[09:22] {Geo} any other country..... we would be counting the dead
[09:22] {Geo} except canada of course
[09:23] {ese} alternative.....Vad and I and patience have a very nice island you can all come and live on
[09:23] {patience} would be lovely for you to all come here
[09:24] {hawkfan4} what's the name of the island?
[09:24] {patience} this is going to be hard sell ese
[09:24] {Threei} Dr Moreau Island
[09:24] {hawkfan4} lol, was thinking Gilligan's
[09:24] {Threei} hehe
[09:24] {lisa_jay} :-)
[09:24] {Threei} Vancouver Island hawk
[09:24] {ese} Fantasy island....little small guy greets you at the airport.....
[09:25] {hawkfan4} ah, thanks. are the fall pics from the island?
[09:25] {_nicklam66} da plane
[09:25] {Threei} yes
[09:25] {hawkfan4} unbelieveable
[09:25] {Threei} morning nicklam
[09:26] {_nicklam66} goodmorning vad
[09:26] {brian3579} gm all
[09:26] {Threei} brian :)
[09:26] {ese} nick.....welcome aboard
[09:26] {ese} the pane that is.....
[09:26] {ese} plane....
[09:27] {dino} i was in vancouver 2 years ago, very nice
[09:27] {_nicklam66} thank u loveboat
[09:27] {ese} what were you doing in Vancouver dino
[09:27] {Threei} vancouver island is different from vancouver dino
[09:28] {dino} spent a day there before alaskan cruise
[09:28] {dino} itwo?
[09:28] {ese} vancouver has dptl........big difference there already
[09:28] {Threei} and laserdave
[09:29] {Threei} JDAS wants to renegotiate nerger agreement, dino
[09:29] {Geo} i loved vancouver and victoria
[09:29] {Geo} spent 10 days here about 4 yrs ago
[09:29] {ese} ahhhhh forgot about that.....
[09:29] {dino} ty
[09:32] {Threei} watching how UAUA handles this market drop
[09:33] {Threei} pretty much follows so far
[09:34] {Threei} worth a try with stop under .20 if NASDAQ jumps
[09:34] {Chaeron} Good morning all
[09:34] {Threei} chaeron :)
[09:35] {dino} drys sm l .00
[09:36] {lisa_jay} Got 10c on UAUA thanks Vad
[09:36] {Threei} good job lisa
[09:37] {Threei} good to see the idea of a trade becomes enough to find it on your own
[09:38] {dawg} out 1/2 uaua +26
[09:38] {Threei} beautiful
[09:38] {dawg} ty
[09:38] {Threei} Long Setup: FITB .36 if stays above .20
[09:38] {magoo} news rimm vad?
[09:38] {dino} out drus .40, +.40
[09:39] {Threei} nothing substantial magoo
[09:39] {dawg} out last 1/2 +56 UAUA
[09:40] {Threei} teleportation in progress
[09:40] {lisa_jay} Wow, dawg
[09:40] {dawg} ty
[09:41] {dino} lod's
[09:43] {dino} 9319
[09:43] {dino} gap area
[09:43] {Threei} if you took this UAUA pullback, stop is under .10
[09:44] {Threei} FITB no worky
[09:44] {Geo} out fitb
[09:44] {Threei} out UAUA .65
[09:44] {Threei} from .26
[09:45] {Threei} this thing is a gift that keeps giving
[09:47] {Threei} watching LLTC for bounce to short
[09:48] {magoo} RIMM short vad?
[09:48] {Threei} nah
[09:48] {Threei} hmm
[09:48] {Threei} no bounce whatsoever LLTC
[09:49] {Threei} Short Setup: LLTC 23 break if stays under 23.10
[09:51] {dino} mt sm l .90
[09:53] {dino} stop is lod
[09:56] {Threei} FITB fooled us
[09:57] {lisa_jay} Vad LLTC invalidated?
[09:57] {dawg} stopped LLTC -12
[09:57] {Threei} LLTC inlvalidated
[09:57] {Threei} did it ever trigger dawg?
[09:58] {Threei} I don't think it lost 23 after the call
[09:58] {dawg} OK got filled at 23.03
[09:58] {dawg} got to aggresive
[09:59] {Threei} DELL strong even though market isn't
[10:00] {Threei} 13.05 worth a try if market turns
[10:01] {Threei} FED RAISES INTEREST RATES ON RESERVE BALANCES FOR SECOND TIME
[10:01] {Threei} - Will pay higher interest on required and excess reserves, so interest payments will equal Fed Funds rate
[10:03] {Threei} DELL not reacting, off the screen
[10:06] {Threei} WSJ: GOOGLE WITHDRAWS FROM YHOO SEARCH DEAL
[10:06] {magoo} is that good or bad ?
[10:06] {Geo} yahoo has to be the worst date EVER
[10:06] {Threei} lol
[10:06] {Threei} YHOO goes up on that?
[10:07] {magoo} should not
[10:07] {dino} anything can happen
[10:08] {dino} out mt .30, +.40
[10:08] {dino} putzing around
[10:09] {Threei} GG
[10:09] {Threei} .45 long half lot
[10:09] {Threei} if stays above .20
[10:10] {magoo} missed dam
[10:10] {Chaeron} nice on MT dino
[10:10] {dino} thx
[10:10] {Geo} half out .67
[10:11] {dawg} in GG .44
[10:11] {Threei} stop under .30 this time
[10:14] {Threei} half out dawg
[10:14] {Threei} or scalp
[10:14] {tomg} wtg mt dino, ty
[10:14] {dawg} out 1/2
[10:14] {dino} itwo l .99
[10:14] {dino} stop .83
[10:14] {Threei} stop to under .35
[10:14] {dawg} target for last half Vad?
[10:14] {Threei} no target in terms of price
[10:14] {dawg} OK
[10:14] {Threei} rather, sharp spike to new highs
[10:15] {dino} aapl sm l .80
[10:15] {dawg} good
[10:15] {Threei} sharper
[10:15] {Threei} sharper
[10:15] {Threei} now!
[10:16] {magoo} sheesh
[10:16] {dawg} out in full thanks Vad great call
[10:16] {magoo} missed
[10:16] {Threei} welcome
[10:16] {Threei} on second chance too mags??
[10:16] {lisa_jay} Nice trade Dawg..Vad.
[10:16] {magoo} thought i was chasing
[10:16] {dawg} ty Lisa
[10:16] {Threei} it pulled back into original trigger
[10:17] {magoo} it was great call
[10:17] {Threei} juust hate that you haven't befitted
[10:17] {Threei} you know what else I hate?
[10:17] {Threei} FITB
[10:20] {Threei} I am going to try again, .95 if stays above .75
[10:20] {Threei} decide for yourself if you want it
[10:20] {dino} out aapl .20, +.40
[10:20] {lisa_jay} Which one Vad?
[10:20] {Threei} FITB
[10:20] {Threei} certainly prone to shakeouts
[10:20] {Chaeron} Pres Bush on TV congratulating Ob
[10:21] {Threei} btw, I thought McCain's consession speech was outstanding
[10:21] {Geo} y
[10:21] {magoo} hes a stand up guy
[10:21] {Threei} incredible grace in defeat
[10:22] {peterg} lost his grace on the stump, though
[10:22] {peterg} but great speech at the Biltmore
[10:22] {peterg} love that place
[10:23] {Chaeron} Bush doing good job too right now
[10:23] {dino} deep down, he's a decent guy
[10:23] {Chaeron} Pres bush?
[10:24] {Threei} tough call guy:
[10:24] {Threei} guys
[10:24] {Threei} Long Setup: QQQQ .56 if stays above .45
[10:24] {magoo} i like RIMM long..not in
[10:24] {magoo} vad thoughts
[10:25] {Threei} market is nervous and full of shakeouts but at some point it will determine what it wants to do
[10:25] {Threei} if market decides up, RIMM would be one of my first choices mags
[10:25] {magoo} in sync w/q call
[10:25] {Threei} up buck and half in red market - gotta respect that
[10:27] {lisa_jay} crude no's soon?
[10:27] {Threei} 8 minutes
[10:30] {Threei} Qs invalidated a bit
[10:30] {dino} magoo is crude always lisa
[10:30] {Threei} want some more consolidation
[10:30] {Threei} lol dino
[10:31] {magoo} chics dig me...lol
[10:31] {dino} itwo stopped -.17
[10:32] {Threei} OK... if Qs pull back closer to .50, will buy first strength
[10:33] {Threei} in .51
[10:33] {Threei} stop under .40
[10:34] {dawg} in .50
[10:35] {peterg} .52
[10:35] {Threei} DOE CRUDE: +54K V +1ME;
[10:35] {Threei} GASOLINE:+1.1M V -1.2ME; DISTILLATES: +1.2 V +1.7ME; UTILIZATION: 85.3% V 85.5%E
[10:36] {Threei} oh horror
[10:36] {Threei} we have no oil
[10:37] {Threei} maybe enough of shakeouts for today, market?
[10:39] {dino} v sm l .30
[10:39] {dino} stop .97
06[10:39] * Threei kicks QQQQ in the rear with steel-toed heavy duty army boots
[10:39] {Geo} vad how do you remove EdgeA?
[10:40] {Threei} right click Level 2
[10:40] {Threei} Hidden MM
[10:40] {Threei} and manage from there
[10:40] {Geo} ty
[10:42] {Threei} wierdly jerky market
[10:42] {dino} kndl
[10:42] {dino} ceph
[10:43] {amarg} is there a trade in gg at this time?
[10:44] {magoo} there is
[10:44] {Chaeron} 3 Russian nuclear regiments that were to stand down, now to be stationed east of Poland, fully operational. Fox News
[10:45] {Threei} maybe 23 break if holding above 22.80 amar... not very clean setup though
[10:46] {dino} so they are standing up chaer
[10:47] {Threei} they are eager to participate in CEDC product tasting
[10:47] {dino} ahhh, a hostile takeover perhaps
[10:47] {Chaeron} :)
[10:48] {Threei} guys, decide if you want to hold Qs or scratch it
[10:48] {Threei} market is very jerky and directionaless
[10:48] {Chaeron} was just going to ask you to kick again
[10:48] {Geo} scratched...... have a great day guys
[10:48] {Geo} off to work
[10:48] {Chaeron} bye geo
[10:48] {magoo} GEOOOOOOOOOO wait
06[10:48] * magoo slaps Geo around a bit with a large trout
[10:49] {Threei} I heard they breeded new kind... clalls Good-bye trour
[10:49] {Threei} trout
[10:49] {dino} cya goe
[10:49] {dino} geo
[10:49] {dino} ego
[10:50] {lisa_jay} Vad, does the steel toed boots come with the course...you should patent them.
[10:50] {Threei} no lisa, sorry
[10:50] {Threei} this is secret weapon that give me my edge
[10:51] {lisa_jay} That is some edge to have.
[10:51] {Threei} I share it though for a small administrative fee of $3.99 and rental fee of $999,999.95
[10:52] {lisa_jay} Will send check right now for that. It sure is worth it.
[10:52] {Threei} don't forget to enclose your shoe size
[10:52] {lisa_jay} :-)
[10:53] {dino} not the edge dino mentioned yesterday, but whatever works
[10:54] {Chaeron} Threei, thanks for scratch alert... saved me .16...
[10:55] {Threei} yeah, it looks so far like better play is for small scalps within these jumps up and down
[10:55] {Threei} much tighter stops
[10:55] {Threei} and better odds
[10:56] {dawg} stopped Q's
[10:56] {dino} kndl s sm .56
[10:57] {Threei} (RU) RUSSIA SAYS WILL NOT SWITCH TO ENERGY SALES IN RUBLES IN THE NEAR TERM
[10:57] {Threei} {USD/RUB }
[10:57] {Threei} NQ is locked with 10 pointa
[10:57] {Threei} when was the last time we had it this narrow?
[10:57] {Threei} 2007?
[11:00] {magoo} 06
[11:01] {lisa_jay} Dino, quick dcc please if you have time.
[11:01] {dino} ok
[11:12] {Threei} something is brewing in the market
[11:13] {dino} kndl stopped -.45
[11:13] {Threei} this prolonger period of tight lock is bound to resolve in violent move
[11:14] {magoo} and feels like upo
[11:14] {lisa_jay} Flag forming on daily?
[11:15] {Threei} kind of, yes
[11:15] {dino} axp l .55
[11:15] {Threei} FITB did sizeable pullback
[11:16] {Threei} wasn't really clear near 12
[11:16] {Threei} but watching now to see if it forms new setup
[11:16] {laserdave1} hawk dcc when u get a sec
[11:17] {Threei} also, don't forget: when you are totally bored and have no idea what to do, one of the features of the room is emotional relief by slapping laserdave with big slime trout
[11:18] {Threei} service proudly provided by RealityTrader
[11:18] {Threei} so far FITB shapes up as .23 long if stays above .15
[11:20] {dino} i still wonder is laserdave is real or not
[11:21] {Threei} last time we met he bought me a dinner
[11:21] {Threei} so asfar as my stomach concerned, he is
[11:23] {dino} kndl s .05 sm last try
[11:23] {dino} axp stopped -.13
[11:24] {dino} ceph sm l .30, stop .93
[11:27] {Threei} FITB is holding admirably so far
[11:28] {Threei} The Kremlin gave Barack Obama a glacial welcome to the world stage when Dmitry Medvedev, the Russian president, ordered the deployment of nuclear-capable missiles on Nato's borders for the first time since the Cold War.
[11:30] {magoo} boy my up feel was wrong
[11:41] {Threei} most likely bounce time
[11:41] {Threei} Long Setup: ADBE .25 if stays above .15
[11:44] {magoo} in .23 aggress
[11:45] {dawg} in adbe .25
[11:45] {Threei} sheesh
[11:45] {Threei} stopped
[11:45] {dawg} stopped adbe
[11:47] {dino} wants -300 imo
[11:49] {Threei} that was rude
[11:49] {dino} kndl bstop to b/e
[11:49] {dawg} it had fleas
[11:50] {magoo} relentless selling
[11:51] {dino} kndl to .85, won't fall
[11:51] {Threei} yet no clean short setups that I see
[11:53] {dino} grrr slipped cov kndl .92, +.13
[11:59] {dino} v sm l .50 last try
[11:59] {dawg} in adbe
[12:00] {dawg} out adbe 1/2 .31
[12:07] {Threei} in UAUA .54
[12:07] {Threei} stop under .40
[12:08] {Threei} if this one doesn't work I go to monastery for the next hour
[12:09] {dawg} in UAUA .47
[12:10] {magoo} im gonna revoke your trading room licennce
[12:10] {Threei} oh good
[12:10] {Threei} retirement, here I come
[12:10] {_maga} in UAUA .47
[12:10] {Threei} market more weakness
[12:10] {Threei} sigh
[12:12] {dawg} UAUA stop under .35 Vad?
[12:12] {Threei} with your entry, that's where I'd keep it yes
[12:12] {dawg} ty
[12:14] {Threei} gave 1:1
[12:14] {Threei} and market weakened again
[12:15] {_maga} you have sold then vad?
[12:15] {_maga} then=them
[12:15] {Threei} not with my entry
[12:16] {Threei} with .47, I would at least partial
[12:16] {_maga} ok
[12:16] {dawg} out 1/4
[12:18] {_maga} out full lot at .54 ....
[12:18] {_maga} I have too high commission to exit in more steps
[12:19] {Threei} nor per share?
[12:19] {_maga} a fixed fee of 20$ per trade
[12:20] {Threei} WOW!!
[12:20] {Geo} wow
[12:20] {Threei} I thought this bs went the way of dodo long ago
[12:20] {Geo} they come home and take order? :)
[12:20] {Threei} we paid this commissions in 1998
[12:21] {_maga} I'm trading for test from my account I have in Italy... and these are the fees for the US markets....
[12:21] {Threei} broker would have to cook my breakfast, make my bed and a lot of other things for this price
[12:21] {_maga} ah ah would be not too bad
[12:21] {Chaeron} maga - go here if you'd like: www.gndt.com
[12:22] {Chaeron} ooops... wrong site... sorry... let me look
[12:22] {_maga} I have a little account is US also... (Ameritrade) but they ask 10$ the same...
[12:22] {Threei} they don't open foreign accounts
[12:22] {_maga} the chareon
[12:22] {Threei} http://www.realitytrader.com/laser.html
[12:23] {Chaeron} yeah... that one... lol
[12:23] {Threei} same software
[12:23] {amarg} if your friend is in italy, you may decide on http://www.interactivebrokers.com/ibg/main.php
[12:23] {amarg} really reduces the cost of currency conversion
[12:26] {dino} ceph stopped -.40
[12:27] {Threei} thing that threw off my read:
[12:27] {Threei} I thought Obama's election would send the market down,
[12:27] {Threei} but last few days election result was all but certain
[12:27] {Threei} yet market mostly climbed
[12:28] {Threei} low volume on that climb wasn't very indicative, as it could easily be attributed to uncertainty
[12:28] {lisa_jay} uaua Vad, band so narrow.
[12:28] {Threei} so I decided I misread the market intention
[12:28] {dino} markets afraid of obama/dems control
[12:28] {Threei} and backed off the idea of shorting on election result.
[12:29] {Threei} that was what I thought
[12:29] {dino} it was closer than electorial said, 48% mccain, 52% obama
[12:30] {magoo} u do not think short enough vad..i tell u this all the time
[12:30] {dino} new regulations and higher taxes coming
[12:30] {magoo} i saw rimm short..u said no
[12:30] {magoo} look at it
[12:30] {magoo} look at goog bidu fdslr
[12:31] {magoo} 100 shares each
[12:31] {magoo} fortune
[12:31] {magoo} no i didn;t
[12:31] {magoo} but coming in i was thinking that
[12:31] {Threei} [09:48] {magoo} RIMM short vad?
[12:31] {Threei} [09:48] {Threei} nah
[12:31] {Threei} look what RIMM did after this exchange
[12:32] {Threei} I answer with the read of the moment
[12:32] {Threei} if you want me to give you read for the rest of the day, you better find oracle
[12:32] {magoo} nah
[12:33] {Threei} why am I talking to you at all, I am in monastery for an hour
[12:33] {magoo} because i followed u there to keep heckling u
[12:34] {Threei} sigh... no rest for wicked
[12:34] {dawg} stopped Q's
[12:36] {Onix} Hi guys & girls, I'm home with some bad gout ... does not look as if anything is happening in the market hey?
[12:37] {Threei} anything good at any rate
[12:37] {Threei} this starts looking like crash coming
[12:37] {Onix} too many up days of late
[12:38] {dino} theres my -300
[12:38] {Threei} and no asigns of stopping
[12:39] {Onix} I thought Obama's victory would be good for the market?
[12:39] {Threei} how?
[12:39] {dino} why? higher dividend taxes, higher cap. gains, higher income, more regulations
[12:39] {Onix} but I suppose there is not much hope for the market in this economic climate
[12:40] {dino} gap filled
[12:40] {dino} carter years he's going back too w/taxes
[12:40] {Threei} onix... policies he used for campaign are eerily the same that turned recession of 1929 into great depression of 30s
[12:41] {dino} and the 70s into inflation high, no growth
[12:41] {Onix} did not know that
[12:41] {dino} tax and spend and more regulations
[12:41] {dino} at least clinton understood tax policy
[12:41] {dino} this guy is rob the rich
[12:42] {Onix} but the trickle-down effect did not happen, so building from the bottom up may work better?
[12:43] {Onix} may just be a long & difficult road I suppose
[12:43] {Threei} how do you build from bottom up by taking from one who earns more and giving to one who doesn't?
[12:43] {dino} trickle down did happen, regan lowered cap gains, income taxes, etc. economy boomed for almost 25 years, other bush and clinton left it alone
[12:44] {Threei} exactly
[12:44] {Threei} redistribution down kills motivation
[12:44] {dino} exactly, if i have to pay out 48%, why bother
[12:45] {Threei} ask Soviet Union how it worked out
[12:45] {dino} and god forbid you make the welfare guys do any type of work
[12:45] {Onix} now you guys are going way too deep for me!
[12:45] {dino} thats too mean
[12:45] {magoo} i guess its working for china
[12:45] {magoo} we owe them trillions, not vice versa
[12:46] {Chaeron} funny you should mention that Vad... did anyone else see the hammer and sickle flag outside the White house last night when the camera panned on the crowds cheering for Obama? Or the guys wearing it on t shirts?
[12:46] {Threei} you serious?
[12:46] {Chaeron} yes
[12:46] {dino} oh mannnnnnnnnnnn
[12:46] {Chaeron} I couldn't make up stuff like that
[12:46] {Chaeron} it's shown on fox still
[12:47] {dino} class warfare election, imo
[12:47] {Threei} well, I am optimist by nature
[12:47] {Threei} my hope is two fold
[12:47] {dino} wait until january 20th when he takes over, imo markets are going to drop
[12:47] {Threei} 1. taking actual power, he finds out such plans are harmful or impossible to implement
[12:48] {Threei} or
[12:48] {patience} i'm with dino
[12:48] {Threei} 2. He does implement them, harm becomes obvious quickly and next election corrects things
[12:48] {magoo} well, seasonality tradationally ids nov thru january..not such an insightful call
[12:48] {dino} 4 long years
[12:48] {Chaeron} in 2010
[12:48] {Chaeron} congressional
[12:48] {Chaeron} like 1994
[12:49] {dino} they cried that rates were too high for 30 year mortgages at 6.6%, wait until they go to 12%
[12:49] {dino} chaer, you may be right, take back congress
[12:49] {magoo} stop dino..stop
[12:49] {Threei} if Volker is engaged... that's quite real
[12:50] {Threei} that was his recipe... sky high rates
[12:50] {dino} run forest, run
[12:52] {Onix} Wall Street blew it with the housing and oil bubbles and then Paulson even went and bailed them all out with billions of more debt
[12:52] {Onix} how Obama is going to fix this, I got no idea at all
[12:53] {Threei} scary thing is, neither is he probably
[12:53] {dino} markets must fix themselves, they have already prolonged the motgage crisis by not letting them fail, in the end they will fail
[12:53] {Onix} are there no real clever people left in the USA?
[12:53] {Threei} there are
[12:53] {Chaeron} well, if threei would move here.....
[12:53] {Threei} but they do not beling to decision-making circles
[12:53] {dino} yes there are, but we don't work for govt
[12:54] {Onix} why do all the less-enlightened always end up in government?
[12:54] {Threei} who else would want this job
[12:54] {Onix} lol
[12:55] {dino} as my attorney friend says, "when an attorney can't make, naturally they go into politics"
[12:55] {Onix} true
[12:55] {dino} attorneys run govt, they are not business minded
[12:55] {dino} they are wealth destroyers
[12:56] {magoo} i thought this was a trading room??
[12:56] {Onix} so, we may soon test he recent lows in the market?
[12:56] {magoo} u guys are wearing me out
[12:56] {magoo} hes in...tough luck yes...but we stuck with him
[12:59] {Threei} this selling today looks like slow planned liquidation
[13:00] {Threei} I wish we saw more volume so we could confidently switch to shorting
[13:01] {dino} too late to short at moment
[13:01] {dino} we go up 100+/- now
[13:01] {Onix} Smart Money re-adjusting their porfolios before getting in again?
[13:02] {Threei} if that's the case, then getting in again only after hard crash
[13:06] {Onix} the bulls & the bears watching each other closely!
[13:11] {Threei} if market is in the mood for some, even modest recovery, then LVS is long scalpwith 12 trigger
[13:11] {Threei} GM
[13:11] {Threei} WILL REPORTEDLY ANNOUNCE MAJOR ADJUSTMENTS ON FRIDAY - DETROIT NEWS
[13:11] {Threei} uh oh
[13:12] {magoo} laser dcc
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
[13:12] {magoo} laser DCC
[13:13] {Threei} half out LVS .15
[13:16] {Threei} out balance
[13:17] {Threei} anyone took it?
[13:17] {Onix} missed that one
[13:17] {lisa_jay} Took it on pullback - .08
[13:19] {dino} ok theres 50
[13:20] {Threei} EIA: OPEC MAY CUT OUTPUT BY 1.1M BPD BY JANUARY 2009
[13:23] {Threei} oil drops
[13:23] {Threei} they can cut all they want
[13:23] {Threei} if economy comes to screeching halt, oil won't recover
[13:23] {Threei} UAUA inverted C&H
[13:24] {Threei} who has it short, .20 breakdown
[13:24] {lisa_jay} where would stop be Vad for UAUA?
[13:25] {Threei} top of this bounce will show
[13:25] {Threei} so far .30
[13:26] {Onix} not shortable for us hey?
[13:26] {Threei} no
[13:34] {Threei} 1;1
[13:34] {lisa_jay} uaua 1:1
[13:36] {Threei} 1:2 almost
[13:36] {Threei} 1:2 without almost
[13:36] {Threei} covered lisa?
[13:37] {Threei} quite sharp drop, I'd be out
[13:37] {lisa_jay} Embarresed to say - I missed the trade...had my hand on button, but teleported as usual.
[13:37] {Threei} awww
[13:37] {Threei} anyone got it?
[13:38] {lisa_jay} I now know what to do when the bid is being chewed through...click sell short!
[13:43] {dino} :)
[13:43] {dino} c'mon v blast off
[13:53] {laserdave1} magoo
[13:53] {laserdave1} dcc
[13:53] {Onix} Ever heard about the sign above the funeral home?
[13:54] {Onix} We are the last to let you down
[13:54] {Threei} lol
[13:58] {Threei} Short Setup: ADBE .65 if stays under .75
[14:00] {dino} yhoo sm l .06
[14:00] {Onix} 'in s @ .65
[14:02] {dino} rumors buyout msft of yhoo, announcement after 2
[14:02] {Threei} SPOKESPERSON CONFIRMS THERE IS NO TRUTH TO RUMOR OF MSFT/YHOO DEAL OR RUMOR THAT CEO YANG WILL STEP DOWN
[14:02] {Onix} not again!?
[14:02] {Threei} half hour ago
[14:02] {dino} sm, so will see
[14:02] {Threei} this saga will never end
[14:03] {dino} yang rumored leaving
[14:03] {dino} opk, i see above
[14:04] {Threei} linux will overtake the world and Google will elimnate all other search eangines... and somewhere in the background $2 MSFT will still negotiate the buyout of $.50 YHOO
[14:04] {lisa_jay} Thanks Vad, got .10 ADBE
[14:04] {Threei} ADBE 1:1
[14:05] {Threei} welcome lisa
[14:06] {Chaeron} in ADBE ss .64. out .50 +0.14 thanks Vadster
[14:06] {Threei} sure thing chaeronesku
[14:06] {Chaeron} :)
[14:07] {peterg} got my +.11, thks vaddo
[14:07] {Threei} :)
[14:08] {Threei} switch to shorting did it... hesistant to be too active or hold too long, since we already went fairly extended way down
[14:08] {Threei} but still... trend is a trend is a trend
[14:08] {dino} -4%
[14:08] {Threei} 1:2, out in full
[14:10] {Threei} today was to be traded very much like we traded first couple weeks of October
[14:11] {Threei} switch of paradigm is hard to do on the fly in a matter of hours
[14:12] {Geo} hi just came in... we in anything?
[14:12] {Geo} (except deep doodoo)
[14:12] {peterg} stitches
[14:13] {dino} ci l .39
[14:16] {Threei} just covered ADBE Geo
[14:16] {Geo} sniff
[14:18] {Threei} US TREASURY: CANNOT YET ASSESS TARP EQUITY PURCHASES, ENCOURAGED BY RECENT BANK CONFIDENCE AND MARKET MOVEMENTS, EVALUATING FURTHER BOOSTS TO MARKETS AND HOME OWNERSHIP - TREASURY STATUS REPORT TO CONGRESS
[14:19] {Threei} Long Setup: MS 18 break
[14:19] {Threei} scalp only most likely
[14:19] {Threei} if stays above .90
[14:20] {Threei} invalidated
[14:21] {lisa_jay} Back to lunch.
[14:21] {Onix} out ADBE .43 ty Vad
[14:21] {Threei} :)
[14:22] {dino} spwra and b ouch
[14:26] {dino} v stop to .90
[14:26] {dino} out v .06, +.56
[14:26] {Onix} gj!
[14:27] {dino} too soon
[14:27] {dino} way soon
[14:27] {dino} ty onix
[14:28] {Threei} Short Setup: MS .75 if stays under .90
[14:28] {Threei} sorry, under .80
[14:30] {dino} ralllllly
[14:31] {lisa_jay} still on MS Vad?
[14:32] {Threei} discretionary
[14:32] {Threei} violated setup by just 2 cents
[14:32] {dino} yhoo stop to b/e
[14:32] {Threei} so, depends on personal risk tolerance
[14:34] {dino} yhoo to .27
[14:34] {dino} ci stop to .59
[14:34] {dino} lisa dcc me
[14:36] {lisa_jay} Ok.
[14:37] {dino} out ci .69, +.30
[14:40] {Onix} wtg
[14:40] {dino} ty
[14:42] {Threei} HMA
[14:42] {Threei} TICKS HIGHER AS FUND MANAGER ALTUCHER MENTIONS HMA AS A PLAY ON AN OBAMA ADMINISTRATION - CNBC
[14:43] {Chaeron} MS still valid? Just got back... didn't see .80
[14:43] {Threei} it went over .90
[14:43] {Threei} you have charts?? :)
[14:43] {Geo} prickly
06[14:43] * Geo thinks that in a polite way of course
[14:44] {lisa_jay} Sorry, my fault..I asked the question earlier.
06[14:44] * Threei pretends he believes in Geo's politeness
[14:44] {Chaeron} Don't yell at me... I was in a hurry and looked at charts, but didn't see that you posted before it went up, not sliding down... -.02...
[14:45] {Chaeron} I am so fragile today... *sob*
[14:45] {Threei} not sure I understand why I am forbidden from yelling at you
06[14:45] * dino slaps lisa_jay around a bit with a large trout
06[14:45] * dino slaps Chaeron around a bit with a large trout
[14:45] {Chaeron} BECAUSE I'm FRAGILE, GET IT????????
[14:45] {dino} fragile
[14:45] {Chaeron} hehehe
[14:45] {Threei} oh...
[14:45] {Threei} now I got it
[14:46] {dino} lisa hit wrong name
[14:46] {Threei} so, let's see just how fragile you really are
06[14:46] * Threei slaps Chaeron around a bit with a large trout
06[14:46] * Chaeron slaps magoo around a bit with a large trout
[14:46] {Threei} not so fragile, eh?
[14:46] {lisa_jay} Hey...
[14:46] {lisa_jay} Late reflex.
[14:51] {dino} out yhoo .40, +.34
[14:51] {Threei} wtg
[14:51] {lisa_jay} wow
[14:51] {dino} watching v, ci again, fwiw
[14:53] {Threei} US REP FRANK: IF BANKS DO NOT LEND FROM RESCUE PACKAGE, THERE WOULD BE NO HARM IN CUTTING OFF FUNDING
[14:53] {Geo} what if the money is all used up in bonuses?
[14:53] {Threei} really
[14:53] {Threei} what are poor banks to do
[14:54] {Threei} we want to lend but we have nothing - we couldn't cut off bonuses, could we
[14:54] {Geo} my daddy said "pay yourself first"
[14:54] {Geo} lol
[14:54] {dino} now that barney's in charge, this is what i worry about
06[14:56] * Chaeron not worrying... doing is more effective :)
[14:56] {lisa_jay} Vad, took LVS .26
[14:56] {Threei} but fragile types must worry chaeron
[14:56] {Threei} that's the rule
06[14:57] * Geo is tired of the partisan bickering
[14:57] {Chaeron} yep... that's me...
[14:57] {Geo} in this room hehehehehehe
06[14:57] * Chaeron slaps Geo around a bit with a large trout
06[14:57] * Geo slaps Threei around a bit with a large trout
[14:57] {Threei} why .26 lisa?
[14:57] {Threei} kind of in the middle of nowhere
[14:57] {lisa_jay} Oh, sorry made .26 on LVS...sigh
[14:57] {Chaeron} see how fragile I am? here... have another:
06[14:58] * Chaeron slaps Geo around a bit with a large trout
[14:58] {Threei} oh
[14:58] {Threei} whew
[14:58] {Threei} scared me :)
[14:58] {Geo} thank you
06[14:58] * Chaeron slaps Threei around a bit with a large trout
[14:58] {Chaeron} that's for flinching
[14:58] {Threei} what the... I am talking to lisa about trading
[14:58] {Chaeron} lol
[14:58] {Threei} and getting slapped relentlessly meanwhile
[14:58] {lisa_jay} sigh.
[14:58] {Geo} chaeron is emotional today
[14:58] {Threei} fragile too
[14:59] {Geo} his trout must hate him
[14:59] {lisa_jay} Never mind me. Get back to your WWF
[14:59] {Chaeron} LVS loking for bounce...
[14:59] {Onix} dino, where it that rally? i am getting dizzy with this up&down all thetime
[15:01] {Threei} if .08 gets cleaned, chaeron...
[15:02] {Chaeron} nope
[15:02] {dino} lol onix, we had 50 pts, then fell, so, to make a long story short...i was wrong
[15:02] {Onix} but i wanted you to be right!
[15:02] {dino} that makes 5x's today, 4 trades and my rally
[15:03] {Threei} if anyone believed that HMA story, it's almost back to support levels
[15:03] {Geo} except dino
[15:03] {Geo} anyone positie today?
[15:03] {Geo} positive too
[15:03] {Threei} barely
[15:03] {dino} yes 534
[15:03] {Geo} 12:03] {Geo} except dino
[15:03] {lisa_jay} Yes.
[15:03] {dino} off my highs
[15:04] {dino} sorry
[15:04] {_maga} yes, even if few cents
[15:04] {Geo} :)
[15:04] {lisa_jay} But I trade 100 shares only so you guys would call it barely.
[15:04] {Geo} me neg and am starting to hate obama
[15:04] {Geo} lol
[15:04] {Threei} would be much better if UAUA was available for short
06[15:04] * Geo is fickle
[15:04] {Onix} $165 for me trading 200's
06[15:04] * Chaeron slaps laserdave1 around a bit with a large trout
[15:05] {Chaeron} want UAUA shortable
[15:05] {Geo} nice onix
[15:05] {Onix} ty
[15:05] {dino} gj onix and maga
[15:05] {lisa_jay} Wow Onix.
[15:05] {dino} and remember, the days not over yet
[15:05] {Onix} yes, i can still loose it all
[15:05] {lisa_jay} :-)
[15:06] {Onix} :)
06[15:06] * Geo is going on welfare
[15:06] {dino} spwrb v sm l .75
[15:06] {Geo} its a good time
[15:07] {dino} need some uso/oih help
[15:08] {dino} not getting it, carefu'no good stopped -.45
[15:22] {Threei} starts looking like we have a good chance for good old end of day selloff
06[15:23] * Geo gets his shorting shorts on
[15:23] {lisa_jay} yes.
[15:23] {Threei} QID
[15:23] {Onix} a feeling of panic creeping in
[15:23] {lisa_jay} Sorry Yes to Vad's comment, not to your shorts Geo.
[15:25] {Threei} likely to go to 6650 or so
[15:25] {Threei} 66.50
[15:25] {Threei} .50 break if stays above .30
[15:25] {Threei} half lot, volatile
[15:26] {Threei} DOW CEO: GLOBAL ECONOMY BECOMING WORSE, US WILL BE IN RECESSION FOR 1H09 - CNBC INTERVIEW
[15:26] {dino} fwlt, going for gap fill from monday
[15:32] {Threei} over 1:1 for scalpers
[15:32] {Threei} kind of hard to imagine this day to end with any kind of rally eh?
[15:32] {Threei} 66 hit
[15:33] {Threei} 1:2.5
[15:33] {Threei} half out for me
[15:33] {lisa_jay} Great trade Vad.
[15:33] {Threei} aiming for 66.50 with second half
[15:35] {Threei} stop about 1o cents under entry now
[15:35] {Threei} 10
[15:35] {dino} ci l .17 stop .99
[15:36] {Threei} stop to .60
[15:36] {Threei} come on NQ, one more sharp leg down
[15:36] {Threei} you know you want to
[15:38] {dino} ceph sm l trig .75 imo
[15:38] {dino} wait for trig
[15:38] {Threei} am I too greedy?
[15:39] {Threei} answer: yes, and proud of it
[15:39] {Threei} out
[15:39] {Threei} .45
[15:39] {Threei} +.95
[15:39] {Threei} .03, sorry
[15:39] {Threei} grrr
[15:39] {Threei} .93
[15:39] {Onix} wtg
[15:39] {Geo} in .51 all out ..47
[15:39] {Threei} anyone followed?
[15:39] {Threei} beauty
[15:39] {dino} ci stopped -.16
[15:40] {Threei} 20 cents risk for dollar gain
[15:40] {Geo} on 600 shares so yes positive TY lord vader
[15:40] {_maga} great tarde
[15:40] {Threei} :)
[15:40] {_maga} trade
[15:40] {dino} gj guys
[15:40] {lisa_jay} Great job Geo.
[15:40] {Geo} :)
[15:41] {dino} triggered
[15:41] {dino} stop is .48
06[15:41] * Geo is a good lord vader follower
06[15:42] * Threei will work on changing his appearance for tomorrow
[15:42] {dino} hate to say it but -600 coming
[15:44] {Threei} noticed the very familiar character of this trade guys?
[15:44] {Threei} totally 1 month ago kind
[15:45] {dino} yes
[15:45] {Threei} comment from earlier:
[15:45] {Threei} [14:10] {Threei} today was to be traded very much like we traded first couple weeks of October
[15:45] {Threei} [14:11] {Threei} switch of paradigm is hard to do on the fly in a matter of hours
[15:46] {Threei} seeing this all too familiar pattern, started recalling how we did it back then and looking for confirmation of those patterns
[15:46] {Threei} and that's how trades become in tune with market again
[15:46] {dino} ci l .09
[15:47] {Threei} ok Geo... I found hoodie, dark sunglasses and some spy makeup
[15:47] {Geo} ummmm
[15:48] {Threei} tomorrow it won't be that easy for you to follow me
[15:48] {Geo} that sounds like sith lord
[15:48] {Threei} I will also practice tonight ducking in dark alleys
[15:48] {Threei} hiding behind the trees
[15:48] {Geo} now thats a pic
[15:48] {Geo} vad trying to hide behind a tree
[15:48] {Threei} ummm
[15:49] {Threei} if you are trying to hint I am too fat for that
[15:49] {Geo} no no
[15:49] {Threei} that's very impolite
[15:49] {Geo} (yes yes)
[15:49] {Threei} be thankful I can't do to you what I'd like to, considering how fragile chaeron today is
[15:49] {Geo} true true
06[15:49] * Geo slaps dino around a bit with a large trout
[15:49] {Threei} I am afraid to traumatize him
[15:49] {Geo} oops
06[15:49] * Geo slaps Chaeron around a bit with a large trout
[15:50] {Geo} damn trout
[15:50] {dino} ceph stopped -.27
[15:50] {Threei} what the
[15:50] {Threei} where did this drop CEPH come from
[15:51] {dino} rinse-job
[15:51] {Threei} that was very rude
[15:51] {dino} look now
[15:51] {Threei} yeah, that's what I mean
[15:51] {dino} that should not have happened, sorry
[15:51] {dino} watching it all day
[15:51] {Threei} rude to the degree that can scar fragile chaeron for life
[15:52] {Geo} i think chaeron has hit the vodka
[15:52] {dino} thing just bounced 80 cents
[15:52] {Threei} that's what we fragile types do
06[15:52] * Threei pours 6th 200ml glass
[15:52] {Geo} i buy skyy as i like blu colored bottles
[15:52] {Threei} try Iceberg
[15:52] {Geo} ok
[15:52] {Threei} blue bottle too but much higher quality
[15:53] {Geo} hmmm canadaian
[15:53] {Geo} will have to hunt here
[15:53] {Threei} this last selloff was more or less readable, but I really didn't want to geopardize this day by trading on last minutes
[15:53] {dino} shoot forgot v order, l .80
[15:53] {Threei} geopardize is jeopardize with nod to Geo
[15:54] {Geo} thank you
[15:54] {Threei} welcome
[15:54] {Geo} geo paradise
[15:54] {Threei} jeopardizing geo paradise
[15:54] {Threei} poetry that will make peter cringe
06[15:55] * Threei is very proud of his linguistic abilities even though he realizes he is the only one thinking they are any good
[15:55] {Geo} so..... do new guys/girls introduce themselves?
[15:55] {Threei} kidding?
[15:55] {Geo} Hi I am geo and stocks love me
[15:56] {Threei} they feel like they are in a ental asylum
[15:56] {Geo} oh
[15:56] {Threei} mental
[15:56] {Threei} and really, looking at out dialogues, can you blame them?
[15:56] {Geo} the room has been empty since magoo took to goog and bidu
[15:57] {Threei} empty?
[15:57] {Threei} what am I, chopped liver?
[15:57] {Geo} from his comments
[15:57] {Geo} lol
[15:58] {Threei} even some of oldtimers try to avoid any communication with us... and you want new guys to keep such dubious company?
[15:58] {peterg} ditto; more emo probs, wtd to break chair but didnt
[15:58] {peterg} never mind
[15:58] {Threei} we won't
[15:59] {dino} out ci flat
[15:59] {Threei} sorry about that undeserved CEPH slap dino
[15:59] {Threei} that was uncalled for
[15:59] {Threei} hate when this happens
[15:59] {dino} me too
[16:00] {Threei} OK guys, thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you all tomorrow
[16:00] {dino} holding v over/afterhours
[16:00] {peterg} thks, gnite have fun and not too much bodka
[16:00] {Geo} thanks
[16:01] {dino} will watch ceph tomorrow
[16:03] {lisa_jay} Thanks Vad, Dino.
Wednesday, November 5, 2008
Tuesday, November 4, 2008
Nov 04 2008
Mostly boring day, just as we thought it would be. Profitable but nothing outstanding. Had a chance for some educational conversation, check it out starting 13:48
Session Time: Tue Nov 04 00:00:00 2008
[06:39] {amarg} hello vad and dptl
[08:01] {magoo} morning
[08:03] {lisa_jay} Hi Guys.
[08:09] {Threei} good morning
[08:10] {magoo} solar active..eslr, csiq, solf fslrs
[08:10] {Threei} CSUN is the smallest gap
[08:18] {lisa_jay} Hi Vad.
[08:18] {Threei} lisa :)
[08:25] {Threei} HYGS
[08:25] {Threei} AWARDED CONTRACT TO PROVIDE TWO HYDROGEN POWERED FUEL CELL BUSES FOR EUROPEAN OPERATION
[08:25] {Threei} - Announced it was awarded a contract to deliver two hydrogen powered fuel cell buses to Vestische Strassenbahnen GmbH, a public transit operator in the North Rhine Westphalia region of Germany.
[08:26] {Threei} who was this poor soul who bought HYGS 1.55
[08:28] {Threei} BALTIC DRY BULK INDEX FALLS 1.5%, 22ND CONSECUTIVE DECLINE
06[08:57] * laserdave1 slaps Threei around a bit with a large trout
06[08:57] * laserdave1 slaps magoo around a bit with a large trout
[08:58] {Threei} wow
[08:58] {Threei} real early riser we have
[08:58] {laserdave1} i just gotta keep it really random
[08:58] {Threei} kept trout on his nightstand too
[08:59] {laserdave1} ya and now my rooom smells like roses
[09:02] {dptl} good morning all
[09:03] {Threei} dp :)
[09:06] {Geo} gm
[09:06] {lisa_jay} Hi Geo, Dp.
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:09] {Threei} onix :)
[09:12] {Threei} watching UAUA
[09:12] {Threei} strangely weak
[09:13] {Threei} it has habit of sharp dive after the open, then very strong recovery
[09:14] {Onix} oil up nearly $2
[09:14] {peterg} morning all
[09:14] {Threei} peter :)
[09:17] {Threei} be back in 5
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:19] {Onix} hi peter, tom
[09:20] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {Onix} hi dino
06[09:22] * magoo slaps laserdave1 around a bit with a large trout
[09:22] {magoo} dcc quick
[09:23] {ese} morning......
[09:24] {Threei} ese :)
[09:24] {ese} is there news on ESLR
[09:24] {Onix} hi ese
[09:24] {tomg} uso pb to 54?
[09:25] {Threei} not ESLR specific ese... solar sector strength in general lifts it
[09:26] {Threei} can't tell tom... this thing is rarely giving clear read
[09:26] {ese} tks....i'm up $2100.00 beans ....nice way to wake up
[09:26] {tomg} ty
[09:26] {Threei} those are cool beans ese, wtg :)
[09:26] {lisa_jay} Great job ese, how many days overnight was this hold?
[09:27] {lisa_jay} Sorry Ese...typed ese.
[09:28] {ese} hi lisa....I have an averaged position at 4.95 3800 shs.
[09:28] {peterg} lisa, we are all lower case
[09:28] {peterg} not to be confused with class
[09:28] {lisa_jay} :-)
[09:29] {ese} i've had it for about 3 weeks .....am hanging on longer
[09:29] {lisa_jay} Thanks Ese.
[09:29] {ese} stop loss is now in....
[09:31] {amarg} dxd
[09:31] {Threei} UAUA, sharo dive under 15.50 and I am interested
[09:32] {Threei} no dive
[09:34] {Threei} Long Setup: SOLF .45 if holding above .25
[09:34] {Threei} volatile one
[09:35] {magoo} in agg .35 solfg
[09:35] {Threei} keep stop under .20 with this entry
[09:35] {magoo} k
[09:35] {Threei} 9.50 be taken
[09:36] {Threei} offer half around .60
[09:37] {magoo} .61
[09:37] {Onix} in
[09:37] {Onix} SOLF @ .38
[09:40] {dino} ci
[09:41] {dptl} stopped solf
[09:41] {Threei} no go
[09:41] {Onix} stopped solf
[09:41] {Threei} market weakened too much
[09:42] {_maga} hi Vadyn hi everybody
[09:42] {Threei} morning maga
[09:46] {dino} gm maga
[09:49] {dino} sm l aapl .80
[09:49] {Threei} Long Setup: LVS half lot 14 break if stays above .80
[09:50] {Threei} SOLF, that was rude
[09:50] {Threei} LVS setup invalidated
[09:50] {magoo} second try vad?
[09:50] {amarg} anyreason to enter solf again
[09:51] {Threei} not here
[09:51] {magoo} k
[09:51] {Threei} it works on pullbacks rather then breaks
[09:51] {dino} gap fill in the making?
[09:51] {Threei} quite probable dino
[09:52] {dino} been the pattern
[09:52] {magoo} aapl vad..bouncer?
[09:52] {lisa_jay} lvs vad?
[09:52] {dino} not yet tho, imo, feels up
[09:53] {dino} aapl sdtoppec -.50
06[09:53] * Chaeron slaps laserdave1 around a bit with a large trout
[09:53] {dino} ugh spelling
[09:53] {Chaeron} good morning all
[09:54] {Threei} chaeron :)
[09:55] {Threei} factory orders in 5 minutes
[09:55] {magoo} vad, any read AAPL RIMM?
[09:55] {Threei} not sure if market cares, unless number is extraordinary
[09:55] {Threei} no mags
[09:55] {Threei} market needs to fund surer footing
[09:56] {magoo} bounce somewhere boiss
[09:56] {magoo} alot of pos nmrews ghis morn
[09:56] {tomg} uso vad? took the bounce off 54
[09:56] {Threei} say what?
[09:56] {Threei} that beats any misspeling mags :)
[09:56] {magoo} ty
[09:57] {Threei} I would take profit and be happy tom
[09:57] {dino} no no no magoo, just watch, bounce does not have to happen
[09:57] {Threei} just can't read it really
[09:58] {tomg} ty
[09:58] {Threei} URRE is rising as if McCain was winning
[09:58] {dino} sitting, waiting
[09:58] {dino} wants to fill open gap
[09:58] {Threei} UAUA, quick dive under 15 for bounce
[09:59] {Threei} no exact call only for those who gets a feel for it
[10:00] {magoo} in .37
[10:00] {Threei} *SEPT FACTORY ORDERS: -2.5% V-0.8%E
[10:08] {dino} ci l .70
[10:09] {dino} afam
[10:14] {Threei} Long Setup: FITB .20 if stays above .10
[10:16] {dino} mygn
[10:18] {Threei} Long Setup: QQQQ .33 if stays above .25
[10:18] {ese} L FITB .21
[10:21] {Onix} in FITB & QQQQ
[10:22] {_maga} in FITB .22
[10:26] {Threei} FITB stop to .14
[10:27] {_maga} out .27
[10:28] {magoo} out uaua here .68
[10:28] {magoo} not best but worked
[10:28] {_maga} arg .. I misunddr
[10:28] {dino} gj
[10:28] {Threei} FITB 1:1
[10:28] {Threei} half out
[10:29] {Threei} scalpers know what to do
[10:29] {dptl} half ot
[10:29] {_maga} I misunderstood ..you mean to raise the stop to .14?
[10:29] {Threei} yes
[10:29] {_maga} arg...
[10:29] {Threei} [10:26] {Threei} FITB stop to .14
[10:29] {Threei} how else do you read it?? :)
[10:30] {_maga} yes... it was just my mistake.... the first trade in this new world...
[10:30] {ese} out FITB .31 have to head to work...but i'll take the +.10
[10:30] {ese} see ya all tomorow
[10:30] {Chaeron} bye ese!
[10:31] {Threei} take care ese
[10:31] {ese} see ya CH.....Vad
[10:31] {Threei} QQQQ 1:1, half out or take scalp
[10:32] {Threei} stop to .32 for the balance
[10:32] {Threei} offer above .50
[10:32] {dptl} out q .47 ty
[10:32] {Threei} welcome
[10:32] {Threei} maga, if terminology is confusing, don't hesitate to ask
[10:33] {Threei} you know what the most stupid question is... one you haven't asked
[10:33] {dptl} still .14 stop fitb??
[10:33] {Chaeron} QQQQ in .34, out .48... +$0.14... thanks Threei
[10:33] {Threei} .18
[10:33] {Threei} welcome Ch
[10:33] {dptl} ty
[10:34] {_maga} right .... ok I will
[10:35] {dino} out ci .04, +.34
[10:36] {Threei} out Qs .54
[10:36] {Threei} ofering FITB balance .45
[10:38] {tomg} nvda
[10:38] {dino} afam l sm .05
[10:38] {Onix} FITB 2/3 out @ .38
[10:38] {magoo} just got off phone w/UAUA vad...nasty call
[10:38] {Onix} all out .44
[10:38] {dptl} out some more .42 fitb
[10:38] {jmb} thanks vad FITS and QQQQ
[10:39] {Onix} ty VAD
[10:39] {Threei} welcome guys :)
[10:39] {Threei} mags
[10:39] {Geo} all out thanks vad
[10:39] {Threei} told ya zillion times... they go higher after you sold - UNPLUG THE PHONE!
[10:41] {Threei} 'cuase you know I am right there to provide your phone number to them... out of sheer compassion of course
[10:41] {Onix} also got 10c in QQQQ, ty Vad
[10:42] {Threei} welcome
[10:43] {dptl} all out .52 fitb ty
[10:43] {Threei} nice patience
[10:43] {Onix} gj
[10:44] {dino} dgj dp
[10:44] {Threei} GCOM
[10:44] {Threei} WARDED SATELLITE GROUND TERMINALS CONTRACT FOR $27 MILLION
[10:45] {dptl} ye it, easier to hold when selling bit by bit on the way up :)
[10:45] {tomg} nvda vad? took break of .80
[10:46] {dino} v risky, v sm s mygn .15 wide
[10:46] {Threei} IMO, just put a stop under .70 and let it trade for now
[10:46] {tomg} ty
[10:46] {Threei} FED'S FISHER: THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY,
[10:46] {Threei} uh oh
[10:46] {Threei} really?
[10:46] {Threei} FED'S FISHER: CURRENTLY IN 'THE MOTHER OF ALL FINANCIAL STORMS' THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY, FEAR COULD PUSH ECONOMY TO DOWNSIDE
[10:47] {Chaeron} I'm skeered
[10:47] {Threei} you should be
[10:47] {Threei} CIT
[10:47] {Threei} CONSIDERING PARTICIPATING IN TARP PROGRAM
[10:47] {Onix} i don't believe it ... they have been bailing out everything in sight
[10:48] {patience} and they have the art of printing money down pat...shouldn't be a problem
[10:48] {Threei} see Onix, what happend in reality was:
[10:48] {Threei} they were bailing everyone out,
[10:48] {Threei} then chaeron came and asked to bail him out,
[10:48] {Geo} i think the printing rollers are out of ink
[10:48] {Threei} they looked at him and said, there are limits
[10:49] {Geo} lol
[10:49] {dptl} lol
[10:49] {Chaeron} true story...
[10:49] {Onix} lol
[10:49] {Threei} I know, I was right there next in line
[10:49] {Onix} i was so far back you guys counld't even see me hey?
[10:50] {Threei} sorry onix, we kept eye on the ball... whiskey bottle that is
[10:50] {Threei} drown our sorrows
[10:51] {Onix} best way to go
[10:54] {Threei} wishbone, look dcc please
[10:56] {Threei} watch HIG and QQQQ
[10:56] {Threei} HIG gives somewhat exaggerated reactions on market moves
[10:56] {Threei} but overal follows
[10:56] {Threei} Qs jump, try to grab HIG, half lot
[10:57] {Onix} off to work, go well people
[10:57] {Chaeron} bye Onix
[10:57] {Chaeron} vote!
[10:57] {peterg} bye big O
[10:57] {dino} mygn bstop to .02
[10:57] {amarg} grab hig, it's on it's way down, logic?
[10:58] {Threei} amarg... re-read my comment
[10:58] {Threei} I cited condition to grab it
[10:59] {dino} stopped slipped .08, +.07
[11:02] {Threei} in HIG half lot
[11:02] {Threei} got .36
[11:02] {Threei} stop under .25
[11:06] {Threei} out
[11:09] {magoo} rimm sh loss 55
[11:09] {magoo} scalp small
[11:10] {magoo} needs mkt pullbk
[11:10] {dino} apei
[11:11] {dino} v sm risky wide apei s .40
[11:12] {magoo} in..weait around .55
[11:12] {magoo} cents
[11:12] {dptl} Vad,slw....break of .30 short looks ok??? with stop above .40??
[11:13] {Threei} well, with 10 cents risk almost any trade looks OK :)
[11:13] {Threei} don't know dp,
[11:13] {magoo} .46 stop
[11:13] {Threei} commodities are strong today
[11:13] {Threei} feels against the current
[11:14] {Threei} SLW is silver play
[11:14] {dptl} ye..thats were i have prob ..i see lots of thouse set ups.. and lots of time overtrading them
[11:15] {Threei} today is pretty much repetition of yesterday so far
[11:15] {Threei} quiet, slow
[11:17] {magoo} rimm stopped
[11:18] {dino} that palin is pleasant to look at in a pair of levi's
[11:20] {dino} mygn spikes again
[11:23] {amarg} why is hig having a reverse relation to the market today?
[11:24] {Threei} it doesn't have reverse relation...
[11:24] {Threei} it retreated in the morning with market
[11:24] {dino} reverse?
[11:24] {Threei} went up later with market
[11:24] {dino} ci perhaps
[11:33] {Threei} UAUA retreated again mags
[11:33] {Threei} worth watching for entry point
[11:33] {magoo} ok
[11:34] {magoo} might lose 15 this time vadf
[11:35] {dino} v sm dxd l .53
[11:38] {Threei} no pulse in the market whatsoever
[11:40] {dptl} took that slw short .29
[11:40] {Threei} just don't fall asleep
[11:40] {dptl} :)
06[11:42] * dino slaps dptl around a bit with a large trout
[11:42] {dino} making sure you're awake
[11:42] {dptl} :) thanx
[11:43] {dino} np
[11:46] {Threei} where else you get so much care dp
[11:47] {dptl} he he...
[11:48] {_maga} as you you are fond of ...here is a gift:
[11:48] {_maga} }{\(\(\(°}
[11:48] {_maga} :-)
[11:48] {Threei} ROFL
[11:49] {dptl} lol
[11:50] {dino} dxd stopped -.30
[11:56] {dino} ci pullback
[11:58] {Threei} UAUA started teleportation pattern
[11:58] {Threei} did .54 - .70 twice
[12:03] {dino} pru sm s .00
[12:09] {Threei} what a major yawn
[12:09] {Threei} worse than yesterday
[12:10] {dptl} trmb?
[12:10] {Threei} no single day in August, traditionally dead month, was so boring as this
[12:11] {Threei} not sure it's worth the risk dp
[12:11] {dptl} uh too late took .23
[12:13] {dptl} gonna keep stop under .08
[12:14] {Threei} one sleeper stock was not enough for you weh
[12:15] {Threei} don't push dp... where there is nothing to do there is nothing to do
[12:15] {Threei} that's when you run up unneeded stops
[12:15] {dptl} yeah.. you right..
[12:18] {tomg} out uso
[12:18] {Threei} plus how much?
[12:19] {Threei} 4?
[12:19] {tomg} $4
[12:19] {Threei} beautiful
[12:19] {Threei} wtg
[12:19] {tomg} ty
[12:19] {tomg} 401k trade?
[12:20] {tomg} not a question, sorry
[12:20] {Threei} good way to heal that deeply sick 401K
[12:20] {tomg} yes, that's what i thought
[12:21] {dptl} mooving stop to under .14 trmb
[12:21] {dino} pru stopped -.49 sm
[12:34] {Geo} :)
[12:37] {magoo} NICE TOM
[12:41] {dino} ok amarg
06[12:44] * Chaeron must be dyslexic... keep reading amarg as magoo
06[12:45] * Geo is confused maga and magoo
[12:46] {magoo} me too..i keep thinking someone is talking to me
[12:46] {Geo} lol
[12:46] {Chaeron} that's all in your head magoo
[12:46] {Threei} that's nothing... I got confused this morning between 5 of my personalities, and in a state of confusing shaved wrong one
[12:46] {magoo} lets petition vad to change his name lol
[12:46] {Geo} dino thinks palin talks to her in her levis
[12:46] {Geo} to him :)
[12:48] {dino} she does
[12:48] {Threei} some problems over Internet
[12:48] {Threei} routes get dropped
[12:48] {Geo} lol@dino
[12:52] {Geo} hmm kicked out of room
[12:52] {Geo} okok palin talks to vad too
[12:52] {Threei} [12:48] {Threei} some problems over Internet
[12:52] {Threei} [12:48] {Threei} routes get dropped
[12:52] {Geo} :)
[12:54] {Threei} wow
[12:54] {Threei} SOLF
[13:03] {dptl} .
[13:10] {lisa_jay} If any one is awake, was wondering if you could help me with placing hard stops.
[13:10] {lisa_jay} I have learnt that I am too slow / not disciplined so need hard stops
[13:11] {Chaeron} I'm awake LJ, but don't use them
[13:12] {lisa_jay} Ok, thanks Chaeron.
[13:12] {Chaeron} sorry... why do you feel as tho you're not disciplined?
[13:13] {lisa_jay} History of my life...usually when the stop price hits i hesistate.
[13:14] {lisa_jay} Results in move of 5+ c before i take stop.
[13:15] {dino} axp s .70
[13:17] {Chaeron} .05 isn't bad... I use a bit of pad at times, no more than that tho... usually a couple cents
[13:18] {lisa_jay} Ok, will get it eventually I guess.
[13:18] {Chaeron} I'm sorry.. I don' tknow how to enter them even on Laser... you on Laser?
[13:19] {lisa_jay} Not on Laser...I guess slippage of couple of cents will happen even with hard stops.
[13:20] {lisa_jay} Does anyone use Limit Orders with stops?
[13:20] {dptl} me
[13:20] {Geo} interesting dp
[13:20] {Chaeron} psychologically speaking tho, don't let it become an excuse to let .02 turn into .20... make sense?
[13:20] {Geo} 5 cent limit?
[13:21] {Geo} you using OMS mod dp?
[13:21] {lisa_jay} Chaeron - this is why I need hard stops. With the volatile stocks stocks it can happen in a blink.
[13:22] {dptl} only if too slow stock and i have to step out
[13:22] {Geo} ok
[13:23] {Chaeron} true... know your limits and don't play RIMM, etc until you got it down and disciplined. You don't have to take every trade... every stock has a diff personality. Like I normally won't trade wide spread stocks... my personal limitation
[13:23] {lisa_jay} How much of spread do you limit yourself to?
[13:23] {dino} and i will......but smaller size
[13:24] {Chaeron} depends on stock
[13:24] {Chaeron} some I see .20+... won't touch... .10 is questionable and less is ok
[13:26] {lisa_jay} Ok, thanks Chaeron.
[13:27] {dino} lisa...if i may....
[13:27] {lisa_jay} Please...(no trout though)
[13:27] {dino} you must find YOUR edge, not everybody else's
[13:28] {dino} then simply manage the risk (size and stops), be consistant, and keep it simple
[13:28] {Chaeron} excellent point dino
[13:28] {dino} as long as you have some sort of edge, it will work over time
[13:28] {lisa_jay} Consistancy is hard for me.
[13:29] {Chaeron} you have MPP?
[13:29] {lisa_jay} Yes, working through it.
[13:30] {Chaeron} keeping track of trades and then go back review winning and losing ones and see what pattern comes from it
[13:30] {Chaeron} know yourself
[13:30] {dino} consistanc how? w/stops? then no excuse....simple as that
[13:30] {dino} enter hard stops if that is the problem
[13:31] {lisa_jay} Ok.
[13:31] {Chaeron} I would bet it would show what dino summed up
[13:31] {dino} remember trading is not about being right (learn to expect losses), it's about trading right (consistency)
[13:32] {peterg} essential issue in facing facts--oops mkt going against me, I'm outa here return to security
[13:32] {Chaeron} just take the stop.. either that or we won't have you to trout because you'll eventually be gone... and I'd be sad :(
[13:32] {peterg} I keep having to work throught the humiliation of error
[13:32] {peterg} well said master ch
[13:32] {dino} i expect to lose on 4 of 10. bthats my edge
[13:32] {peterg} what a realist
[13:32] {peterg} still want perfection
[13:33] {dino} so as i say to my son, when he says i'm wrong..."so what, i was wrong 5 times today"...get it...nothing matters
[13:33] {peterg} nothing is real, strawberrry fields fordever
[13:33] {dino} no perfection peter, it is simply an odds game...think in probabilities
[13:34] {peterg} right
[13:34] {peterg} getting better
[13:34] {dino} when i hit 4 or 5 in row, i sit back, because the house will smack me soon
[13:35] {peterg} many on the list are hard-core traders, earning a living at it. I respect that. For the present, I want to earn an allowance.
[13:36] {dino} then, with all respect, keep it simple
[13:36] {lisa_jay} I am trying to become a full-time trader too. It really is hard.
[13:37] {peterg} Oh yeah. Emotions being the biggie.
[13:38] {dino} you are complicating it then. find your edge, keep it simple. everybody is different and trades differently. no one right way
[13:38] {dino} if you never find "your edge" you will fail
[13:38] {peterg} I agree with you dino and am currently trading apple patterns with some success
[13:39] {dino} good.
[13:39] {peterg} I feel bits of edge from time to time, but have always felt
[13:39] {peterg} i am a slow learner
[13:39] {dino} lol
[13:39] {peterg} turtles get there
[13:40] {Chaeron} but you gotta stick your neck out to get there :)
[13:40] {peterg} registered a URL: mouseinvestments.com
[13:40] {peterg} still working on motto: run in graba bite and get out
[13:40] {dino} way of turtle...good book 1st have
[13:40] {peterg} good pt ch
[13:41] {dino} have=half
[13:41] {peterg} turtle with flying fingers
[13:42] {Geo} hmm whats up with yhoo today
[13:42] {peterg} the secret methods that turned ordinary people into legendary traders
[13:42] {peterg} way of turtle
[13:43] {peterg} you recommend book dino?
[13:44] {dino} the 1st half made alot of sense to me
[13:44] {dino} it was all a system, those who broke it washed out
[13:45] {dptl} what the name of the book?
[13:46] {dino} way of the turtles, curtis faith
[13:46] {dptl} ty
[13:46] {dino} trading places movie sort of take on it
[13:48] {Threei} if I may...
[13:48] {Threei} [13:32] {peterg} I keep having to work throught the humiliation of error
[13:48] {Threei} see... there is no such thing in reality
[13:49] {Threei} you enter a stock on certain setup
[13:49] {Threei} no setup is garanteed to work in each given case
[13:49] {Threei} so the chance of it not working is always there
[13:49] {Threei} thus, there is no error
[13:49] {Threei} as dino said, you simply playing the odds
[13:50] {dino} :) flip a coin
[13:50] {Threei} odds are in your favor over statistically valid size of sample
[13:50] {Threei} if you play valid setups
[13:50] {Threei} but ech given case may or may not work
[13:50] {Threei} it's not working - get out and wait for the next bus
[13:51] {Threei} no error, no humiliation, no reflection of losing trade on your celf-perception
[13:51] {peterg} Right--I suffer from overactive hypercdritical superego
[13:51] {dino} axp bstop to .58
[13:51] {dino} cov +.12
[13:51] {Threei} and from our spelling that started rubbing off of you
[13:51] {peterg} yess
[13:51] {peterg} getting looser, better
[13:51] {dino} anything can happen...nothing matters
[13:52] {Threei} not many think of it this way but here is one of the most important traits of a trader:
[13:52] {peterg} true zen
[13:52] {Threei} self-irony
[13:52] {peterg} what
[13:52] {peterg} oh
[13:52] {Threei} not taking yourself too seriously
[13:52] {Threei} then your ego doesn't kick in
[13:52] {peterg} well, isn
[13:52] {peterg} t that the trick,
[13:53] {Threei} before hitting that buy button, ask yourself "ready to lose 150/"
[13:53] {dino} bingo
[13:53] {Threei} here we go then,
[13:53] {Threei} 150 is thrown on the table
[13:54] {Threei} now, was I the smartest one on a planet or was I complete finished unbeatable idiot?
[13:54] {peterg} Both?
[13:54] {Threei} oh, it's a stop - I was second biggest idiot on earth
[13:54] {Threei} fine, shurg, dry laugh
[13:54] {Threei} next
[13:55] {peterg} I wanna be the new James Bond guy
[13:55] {dino} big deal, in the end it (his stop) doesn't matter if you have an edge
[13:55] {Threei} exactly
[13:55] {dino} vad is a shrink. he taught me
[13:55] {Threei} who is here from the get go
[13:55] {Threei} chaeron
[13:55] {Threei} cosmo
[13:55] {Threei} raven
[13:55] {Threei} jmb
[13:55] {Threei} ask them:
[13:55] {dino} as soon as it did not matter, i started making $
[13:56] {Threei} how many stops have I taken over these years?
[13:56] {peterg} hmmmm
[13:56] {peterg} this deeep
[13:56] {Threei} zillion
[13:56] {Threei} or two zillions
[13:56] {Threei} so what?
[13:56] {dino} 80/month ave
[13:56] {Threei} ask dino, magoo:
[13:56] {Threei} how many times have they seen me going through cluster of losses
[13:56] {Threei} and next question:
[13:57] {dino} and you know what, the only stops that ,attered are the ones not taken
[13:57] {Threei} was there any single time I wouldn't recover in the next few (hours, days, weeks)
[13:57] {dino} mattered
[13:57] {Threei} and made it all back and a lot more
[13:57] {Threei} very true
[13:57] {Threei} that one stop you never took can do you in
[13:57] {dino} thats they key
[13:57] {peterg} That much I get solidly
[13:58] {Threei} it's just a normal part of trading, part of playing the odds
[13:58] {Threei} shrug it off
[13:58] {dino} all other stops don't matter peter, pound that into your head
[13:58] {Threei} never let it reflect on your perception of yourself
[13:58] {peterg} So zen self analysis: too much desire (attachment) leads to error, suffering
[13:58] {Threei} reread these two posts in the blog
[13:58] {Threei} lemme find them
[13:59] {cosmo} its better to have traded and lost, than to have never traded at all
[13:59] {cosmo} no?
[13:59] {peterg} Shakespear, our first trader
[13:59] {peterg} yes
[13:59] {Threei} http://www.realitytrader.com/blog/2007/05/stops-why-dont-we-keep-them.html
[13:59] {dino} you see, imo, tading is like hitting a wall, and walls are made to keep people out. stops enable you to climb over the way
[13:59] {Threei} http://www.realitytrader.com/blog/2008/08/non-stop-discussion-of-stops.html
[14:00] {Threei} ok dino, that's too deep :)
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
[14:00] {Chaeron} DCC Dave
[14:01] {Geo} Its called a stepover stop.....
[14:01] {dino} lol. i am done....so i leave w/this: being poor sucks, staying poor is stupid
[14:01] {Chaeron} amarg... DCC
[14:01] {Geo} hey raven.... i just remembered something...... have you seen the crown of the next king of bhutan?.... check it out and its history when you have time..
06[14:01] * Chaeron dcc'g everybody
[14:03] {dino} apei bstop to .15 all dayer
[14:03] {Chaeron} noone answering tho :)
[14:04] {lisa_jay} Thanks Vad, Dino, Chaeron, Peter...will print out todays log and read it every morning now.
[14:04] {Raven} crown on next king of Bhutan ????
[14:04] {dino} cov slippped ave .15, +.25
[14:04] {Raven} sheesh
[14:05] {Geo} humor me
[14:05] {Geo} google it
[14:05] {Raven} uh ... OK
[14:05] {dino} np lisa and gl
[14:05] {lisa_jay} thank you
[14:06] {Raven} Obviously a very smart new King ...
[14:07] {Geo} yes :)
[14:07] {Geo} amzinf place to visit
[14:08] {Geo} i thought youll be interested in the crown history though
[14:08] {Raven} I just want to see the damn crown
[14:08] {Raven} all I see is the king
[14:08] {Geo} lol
[14:08] {Raven} to hell with him
[14:09] {peterg} this is your crown, raven
[14:09] {Raven} perhaps
[14:09] {Geo} a crown surmounted by the head of a raven. The bird represents a form of Mahakala, Bhutan's guardian deity. The prototype of the founding monarch's Raven Crown had first been devised as a battle helmet for his father, Jigme Namgyel (1825-81).
[14:10] {Raven} I see
[14:10] {peterg} google raven crown under images
[14:11] {Raven} that's a thought
[14:12] {Geo} http://www.kuenselonline.com/modules.php?name=News&file=article&sid=10581
[14:12] {Raven} ugly damn thang ... not my kind of Raven
[14:12] {Geo} lol
[14:13] {Geo} its an approximation
[14:13] {Raven} I expect accuracy
[14:13] {Geo} killing a raven used to be capital punishment in bhutan
[14:13] {Raven} should be that everywhere
[14:14] {Geo} much better logo
[14:14] {Geo} of crown http://2008.bhutan-360.com/uploads/logo/problems.jpg
[14:14] {Geo} ok ill stop spamming now
[14:15] {Raven} still looks dopy
[14:15] {Raven} dopey
[14:15] {Geo} i was more interested in the folklore
[14:15] {Geo} :)
[14:15] {Raven} I don't trust folklore
[14:15] {dino} kbr s .52
06[14:16] * Geo sighs and goes back to corner
[14:16] {Raven} {----------- back to his perch
06[14:18] * Chaeron slaps amarg around a bit with a large trout
[14:18] {Chaeron} I left you a DCC
[14:20] {lisa_jay} Chaeron..got your DCC.
[14:26] {dptl} pei?
[14:28] {Threei} 11 break? :)
[14:29] {dptl} missed
[14:29] {dptl} 11 missed .18
[14:29] {dptl} it's ok
[14:29] {dptl} :)
[14:29] {Chaeron} sigh... I'm lost... even tried typing GRRR in quote box
[14:31] {dino} met l .72
[14:36] {dino} met stopped -.22
[14:40] {dptl} wfr...may be? .10
[14:40] {Threei} could be
[14:41] {dptl} damn it...got .10
[14:41] {Threei} didn't wait for break?
[14:41] {Threei} .10 was tagged last time around too
[14:41] {dptl} it started
[14:47] {dptl} oh well...stopped -.16
[14:47] {Threei} CNBC'S FABER REPORTS GOOGLE HAS ASKED MANAGEMENT TO IMPLEMENT AN 'UNOFFICAL HIRING FREEZE'
[14:47] {Threei} - positions being filled with internal promotions.
[14:47] {Threei} - also notes Google is cutting back on some perks.
[14:53] {peterg} selling off its czech fighter jet?
[14:57] {dino} cov kbr .48 +.04 thing won't drop
[14:57] {dino} ci l .60
[15:01] {Threei} MA lost its mind
[15:01] {Threei} Cramer TV hype
[15:04] {Threei} magoo fess up... shorted GOOG?
[15:05] {magoo} earlier i did yes
[15:05] {Threei} on new headline I mean
[15:05] {Threei} news
[15:05] {magoo} yes
[15:05] {Threei} :)
[15:05] {magoo} before u posted i heard it faber
[15:06] {Threei} nice
[15:06] {Threei} how many points?
[15:08] {Threei} highest turnout election in 100 years
[15:19] {dino} out ci .62 +.02 stuck one
[15:21] {Geo} .
[15:23] {Threei} what an amazingly empty day
[15:23] {dino} ................
[15:23] {dino} oh contrare my friend about 1.4x
[15:24] {Geo} sheesh
[15:24] {Geo} -90 here
[15:24] {Threei} lol
[15:24] {Threei} still up thanks to those morning trades but nothing to write home about
[15:24] {dino} 400 neg. yesterday geo, usually one day/week
[15:25] {Geo} i screwed up a stop
[15:25] {Geo} youre a machine dino
[15:25] {Geo} and i mean it in a good way
[15:26] {Threei} you will be too... when you stop roaming all over internet looking for some weird new things, softwares, people etc :)
[15:26] {Geo} hey
[15:26] {dino} just lucky
[15:26] {Threei} {dino} just trade
[15:26] {dino} axp l .38
[15:26] {Geo} the raven crown was on headlines yesterday
[15:26] {Threei} no, that's fuin... that's OK
[15:27] {Threei} fun too
[15:28] {Raven} {}
[15:32] {dino} pout axp .50, +.12
[15:32] {dino} out
[15:32] {Geo} comeon vad
[15:32] {Geo} gimme a trade
[15:33] {Geo} ill go positive !!!!
[15:33] {dino} just did
[15:33] {Geo} what
[15:33] {Geo} ?
[15:33] {Geo} i am disconnected :(
[15:33] {Threei} [15:26] {dino} axp l .38
[15:33] {Threei} 15:32] {dino} out axp .50, +.12
[15:34] {Geo} uhh yeah i dont take dino trades
[15:34] {dino} how do you repeat?
[15:34] {Geo} it shortens my life
[15:34] {Threei} lol
[15:34] {dino} hmmmmmmm
[15:34] {_maga} look LVS what a capitulation pattern
[15:34] {Threei} yeah
[15:34] {Threei} probably bounce time
[15:34] {Threei} risky as hell
[15:34] {dino} ci l .77
[15:36] {Threei} .71 LVS long half lot if stays above .50
[15:36] {Threei} only if feel like living on the edge
[15:37] {dino} ci stop to b/e
[15:39] {dino} out ci .87, +.10
[15:40] {Threei} with that huge offer at .60 can change to more aggressive entry
[15:40] {Threei} .60 break
[15:42] {Threei} and with such tight stop can do full lot probably
[15:42] {Threei} pesonal decision
[15:43] {dawg} in LVS .59 sm lot
[15:44] {_maga} in lvs at .6
[15:44] {dawg} out 1/2 LVS
[15:44] {Threei} half out .79
[15:45] {lisa_jay} Got .19 on LVS thanks Vad.
[15:45] {Threei} lisa :)
[15:45] {Threei} geo??
[15:45] {Geo} got .17 thanks
[15:45] {Threei} whew
[15:45] {_maga} out .76 got +0.16 TX Vad
[15:46] {Threei} welcome maga
[15:46] {Threei} offering balance 13.05
[15:46] {Threei} may have to ree-valuate
[15:46] {Threei} but for now, let it be there
[15:49] {Geo} back in black..... phew.... election day sucks
[15:49] {Threei} lol
[15:49] {Geo} also took break of 22.2 on vrsn
[15:50] {dino} gj geo
[15:50] {Geo} yeah i would hate to loose money in vad's room
[15:50] {Threei} I just listened to joe the plumber
[15:50] {Threei} that's how bored I am
[15:50] {Geo} it would spoil his record
[15:51] {Geo} i heard he signed up for a record deal
[15:51] {Threei} amazing how no one gets his answer why he doesn't want 25K+ guys to pay more taxes since he makes nowhere close to that amount
[15:51] {Threei} he is likely to benefit so why he objects
[15:52] {Threei} maybe because he doesn't want someone's money?
[15:52] {Threei} I wouldn't
[15:52] {Geo} he is just not comfortable vad
[15:52] {Threei} I don't see myself as a looter
[15:52] {Threei} or charity reciever
[15:52] {dawg} Vad are you still offering 1/2 LVS
[15:53] {Threei} yes but time runs out on me
[15:53] {dino} ci s .00 risky
[15:53] {Threei} not likely to work
[15:53] {Threei} but whatever... finished day with nice trade
[15:54] {Threei} and in the money
[15:54] {dawg} out last half 12.63
[15:54] {dino} stopped .97, cov +.03
[15:54] {dino} too tight
[15:55] {dino} i believe that is all for me today
[15:56] {Geo} vad if you have time dcc pls
[15:56] {Threei} just a few
[15:56] {Threei} let me exit this thing before the bell :)
[15:56] {Geo} sure ill page after close
[15:56] {Threei} much as like to chat with ya... don't want LVS overnight {G}
[15:56] {Geo} [12:53] {Threei} but whatever... finished day
[15:57] {Threei} ok out
[15:57] {Geo} i thought you closed
[15:57] {Geo} sorry
[15:57] {Threei} .84
[15:57] {Threei} now it can go wherever it choses
[15:58] {dino} thx all
[15:58] {dptl} have a good evening all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} see you tomorrow in a new country
[16:00] {Threei} go votye
[16:00] {magoo} ty vad
06[16:00] * Geo voted for romney
[16:10] {dino} gn all
[16:13] {dino} fwiw we are +19% on dji in 5 trading days,,,,sell the rips soon imo
Session Time: Tue Nov 04 00:00:00 2008
[06:39] {amarg} hello vad and dptl
[08:01] {magoo} morning
[08:03] {lisa_jay} Hi Guys.
[08:09] {Threei} good morning
[08:10] {magoo} solar active..eslr, csiq, solf fslrs
[08:10] {Threei} CSUN is the smallest gap
[08:18] {lisa_jay} Hi Vad.
[08:18] {Threei} lisa :)
[08:25] {Threei} HYGS
[08:25] {Threei} AWARDED CONTRACT TO PROVIDE TWO HYDROGEN POWERED FUEL CELL BUSES FOR EUROPEAN OPERATION
[08:25] {Threei} - Announced it was awarded a contract to deliver two hydrogen powered fuel cell buses to Vestische Strassenbahnen GmbH, a public transit operator in the North Rhine Westphalia region of Germany.
[08:26] {Threei} who was this poor soul who bought HYGS 1.55
[08:28] {Threei} BALTIC DRY BULK INDEX FALLS 1.5%, 22ND CONSECUTIVE DECLINE
06[08:57] * laserdave1 slaps Threei around a bit with a large trout
06[08:57] * laserdave1 slaps magoo around a bit with a large trout
[08:58] {Threei} wow
[08:58] {Threei} real early riser we have
[08:58] {laserdave1} i just gotta keep it really random
[08:58] {Threei} kept trout on his nightstand too
[08:59] {laserdave1} ya and now my rooom smells like roses
[09:02] {dptl} good morning all
[09:03] {Threei} dp :)
[09:06] {Geo} gm
[09:06] {lisa_jay} Hi Geo, Dp.
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:09] {Threei} onix :)
[09:12] {Threei} watching UAUA
[09:12] {Threei} strangely weak
[09:13] {Threei} it has habit of sharp dive after the open, then very strong recovery
[09:14] {Onix} oil up nearly $2
[09:14] {peterg} morning all
[09:14] {Threei} peter :)
[09:17] {Threei} be back in 5
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:19] {Onix} hi peter, tom
[09:20] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {Onix} hi dino
06[09:22] * magoo slaps laserdave1 around a bit with a large trout
[09:22] {magoo} dcc quick
[09:23] {ese} morning......
[09:24] {Threei} ese :)
[09:24] {ese} is there news on ESLR
[09:24] {Onix} hi ese
[09:24] {tomg} uso pb to 54?
[09:25] {Threei} not ESLR specific ese... solar sector strength in general lifts it
[09:26] {Threei} can't tell tom... this thing is rarely giving clear read
[09:26] {ese} tks....i'm up $2100.00 beans ....nice way to wake up
[09:26] {tomg} ty
[09:26] {Threei} those are cool beans ese, wtg :)
[09:26] {lisa_jay} Great job ese, how many days overnight was this hold?
[09:27] {lisa_jay} Sorry Ese...typed ese.
[09:28] {ese} hi lisa....I have an averaged position at 4.95 3800 shs.
[09:28] {peterg} lisa, we are all lower case
[09:28] {peterg} not to be confused with class
[09:28] {lisa_jay} :-)
[09:29] {ese} i've had it for about 3 weeks .....am hanging on longer
[09:29] {lisa_jay} Thanks Ese.
[09:29] {ese} stop loss is now in....
[09:31] {amarg} dxd
[09:31] {Threei} UAUA, sharo dive under 15.50 and I am interested
[09:32] {Threei} no dive
[09:34] {Threei} Long Setup: SOLF .45 if holding above .25
[09:34] {Threei} volatile one
[09:35] {magoo} in agg .35 solfg
[09:35] {Threei} keep stop under .20 with this entry
[09:35] {magoo} k
[09:35] {Threei} 9.50 be taken
[09:36] {Threei} offer half around .60
[09:37] {magoo} .61
[09:37] {Onix} in
[09:37] {Onix} SOLF @ .38
[09:40] {dino} ci
[09:41] {dptl} stopped solf
[09:41] {Threei} no go
[09:41] {Onix} stopped solf
[09:41] {Threei} market weakened too much
[09:42] {_maga} hi Vadyn hi everybody
[09:42] {Threei} morning maga
[09:46] {dino} gm maga
[09:49] {dino} sm l aapl .80
[09:49] {Threei} Long Setup: LVS half lot 14 break if stays above .80
[09:50] {Threei} SOLF, that was rude
[09:50] {Threei} LVS setup invalidated
[09:50] {magoo} second try vad?
[09:50] {amarg} anyreason to enter solf again
[09:51] {Threei} not here
[09:51] {magoo} k
[09:51] {Threei} it works on pullbacks rather then breaks
[09:51] {dino} gap fill in the making?
[09:51] {Threei} quite probable dino
[09:52] {dino} been the pattern
[09:52] {magoo} aapl vad..bouncer?
[09:52] {lisa_jay} lvs vad?
[09:52] {dino} not yet tho, imo, feels up
[09:53] {dino} aapl sdtoppec -.50
06[09:53] * Chaeron slaps laserdave1 around a bit with a large trout
[09:53] {dino} ugh spelling
[09:53] {Chaeron} good morning all
[09:54] {Threei} chaeron :)
[09:55] {Threei} factory orders in 5 minutes
[09:55] {magoo} vad, any read AAPL RIMM?
[09:55] {Threei} not sure if market cares, unless number is extraordinary
[09:55] {Threei} no mags
[09:55] {Threei} market needs to fund surer footing
[09:56] {magoo} bounce somewhere boiss
[09:56] {magoo} alot of pos nmrews ghis morn
[09:56] {tomg} uso vad? took the bounce off 54
[09:56] {Threei} say what?
[09:56] {Threei} that beats any misspeling mags :)
[09:56] {magoo} ty
[09:57] {Threei} I would take profit and be happy tom
[09:57] {dino} no no no magoo, just watch, bounce does not have to happen
[09:57] {Threei} just can't read it really
[09:58] {tomg} ty
[09:58] {Threei} URRE is rising as if McCain was winning
[09:58] {dino} sitting, waiting
[09:58] {dino} wants to fill open gap
[09:58] {Threei} UAUA, quick dive under 15 for bounce
[09:59] {Threei} no exact call only for those who gets a feel for it
[10:00] {magoo} in .37
[10:00] {Threei} *SEPT FACTORY ORDERS: -2.5% V-0.8%E
[10:08] {dino} ci l .70
[10:09] {dino} afam
[10:14] {Threei} Long Setup: FITB .20 if stays above .10
[10:16] {dino} mygn
[10:18] {Threei} Long Setup: QQQQ .33 if stays above .25
[10:18] {ese} L FITB .21
[10:21] {Onix} in FITB & QQQQ
[10:22] {_maga} in FITB .22
[10:26] {Threei} FITB stop to .14
[10:27] {_maga} out .27
[10:28] {magoo} out uaua here .68
[10:28] {magoo} not best but worked
[10:28] {_maga} arg .. I misunddr
[10:28] {dino} gj
[10:28] {Threei} FITB 1:1
[10:28] {Threei} half out
[10:29] {Threei} scalpers know what to do
[10:29] {dptl} half ot
[10:29] {_maga} I misunderstood ..you mean to raise the stop to .14?
[10:29] {Threei} yes
[10:29] {_maga} arg...
[10:29] {Threei} [10:26] {Threei} FITB stop to .14
[10:29] {Threei} how else do you read it?? :)
[10:30] {_maga} yes... it was just my mistake.... the first trade in this new world...
[10:30] {ese} out FITB .31 have to head to work...but i'll take the +.10
[10:30] {ese} see ya all tomorow
[10:30] {Chaeron} bye ese!
[10:31] {Threei} take care ese
[10:31] {ese} see ya CH.....Vad
[10:31] {Threei} QQQQ 1:1, half out or take scalp
[10:32] {Threei} stop to .32 for the balance
[10:32] {Threei} offer above .50
[10:32] {dptl} out q .47 ty
[10:32] {Threei} welcome
[10:32] {Threei} maga, if terminology is confusing, don't hesitate to ask
[10:33] {Threei} you know what the most stupid question is... one you haven't asked
[10:33] {dptl} still .14 stop fitb??
[10:33] {Chaeron} QQQQ in .34, out .48... +$0.14... thanks Threei
[10:33] {Threei} .18
[10:33] {Threei} welcome Ch
[10:33] {dptl} ty
[10:34] {_maga} right .... ok I will
[10:35] {dino} out ci .04, +.34
[10:36] {Threei} out Qs .54
[10:36] {Threei} ofering FITB balance .45
[10:38] {tomg} nvda
[10:38] {dino} afam l sm .05
[10:38] {Onix} FITB 2/3 out @ .38
[10:38] {magoo} just got off phone w/UAUA vad...nasty call
[10:38] {Onix} all out .44
[10:38] {dptl} out some more .42 fitb
[10:38] {jmb} thanks vad FITS and QQQQ
[10:39] {Onix} ty VAD
[10:39] {Threei} welcome guys :)
[10:39] {Threei} mags
[10:39] {Geo} all out thanks vad
[10:39] {Threei} told ya zillion times... they go higher after you sold - UNPLUG THE PHONE!
[10:41] {Threei} 'cuase you know I am right there to provide your phone number to them... out of sheer compassion of course
[10:41] {Onix} also got 10c in QQQQ, ty Vad
[10:42] {Threei} welcome
[10:43] {dptl} all out .52 fitb ty
[10:43] {Threei} nice patience
[10:43] {Onix} gj
[10:44] {dino} dgj dp
[10:44] {Threei} GCOM
[10:44] {Threei} WARDED SATELLITE GROUND TERMINALS CONTRACT FOR $27 MILLION
[10:45] {dptl} ye it, easier to hold when selling bit by bit on the way up :)
[10:45] {tomg} nvda vad? took break of .80
[10:46] {dino} v risky, v sm s mygn .15 wide
[10:46] {Threei} IMO, just put a stop under .70 and let it trade for now
[10:46] {tomg} ty
[10:46] {Threei} FED'S FISHER: THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY,
[10:46] {Threei} uh oh
[10:46] {Threei} really?
[10:46] {Threei} FED'S FISHER: CURRENTLY IN 'THE MOTHER OF ALL FINANCIAL STORMS' THERE ARE LIMITS FOR WHAT THE FED CAN DO FOR THE ECONOMY, FEAR COULD PUSH ECONOMY TO DOWNSIDE
[10:47] {Chaeron} I'm skeered
[10:47] {Threei} you should be
[10:47] {Threei} CIT
[10:47] {Threei} CONSIDERING PARTICIPATING IN TARP PROGRAM
[10:47] {Onix} i don't believe it ... they have been bailing out everything in sight
[10:48] {patience} and they have the art of printing money down pat...shouldn't be a problem
[10:48] {Threei} see Onix, what happend in reality was:
[10:48] {Threei} they were bailing everyone out,
[10:48] {Threei} then chaeron came and asked to bail him out,
[10:48] {Geo} i think the printing rollers are out of ink
[10:48] {Threei} they looked at him and said, there are limits
[10:49] {Geo} lol
[10:49] {dptl} lol
[10:49] {Chaeron} true story...
[10:49] {Onix} lol
[10:49] {Threei} I know, I was right there next in line
[10:49] {Onix} i was so far back you guys counld't even see me hey?
[10:50] {Threei} sorry onix, we kept eye on the ball... whiskey bottle that is
[10:50] {Threei} drown our sorrows
[10:51] {Onix} best way to go
[10:54] {Threei} wishbone, look dcc please
[10:56] {Threei} watch HIG and QQQQ
[10:56] {Threei} HIG gives somewhat exaggerated reactions on market moves
[10:56] {Threei} but overal follows
[10:56] {Threei} Qs jump, try to grab HIG, half lot
[10:57] {Onix} off to work, go well people
[10:57] {Chaeron} bye Onix
[10:57] {Chaeron} vote!
[10:57] {peterg} bye big O
[10:57] {dino} mygn bstop to .02
[10:57] {amarg} grab hig, it's on it's way down, logic?
[10:58] {Threei} amarg... re-read my comment
[10:58] {Threei} I cited condition to grab it
[10:59] {dino} stopped slipped .08, +.07
[11:02] {Threei} in HIG half lot
[11:02] {Threei} got .36
[11:02] {Threei} stop under .25
[11:06] {Threei} out
[11:09] {magoo} rimm sh loss 55
[11:09] {magoo} scalp small
[11:10] {magoo} needs mkt pullbk
[11:10] {dino} apei
[11:11] {dino} v sm risky wide apei s .40
[11:12] {magoo} in..weait around .55
[11:12] {magoo} cents
[11:12] {dptl} Vad,slw....break of .30 short looks ok??? with stop above .40??
[11:13] {Threei} well, with 10 cents risk almost any trade looks OK :)
[11:13] {Threei} don't know dp,
[11:13] {magoo} .46 stop
[11:13] {Threei} commodities are strong today
[11:13] {Threei} feels against the current
[11:14] {Threei} SLW is silver play
[11:14] {dptl} ye..thats were i have prob ..i see lots of thouse set ups.. and lots of time overtrading them
[11:15] {Threei} today is pretty much repetition of yesterday so far
[11:15] {Threei} quiet, slow
[11:17] {magoo} rimm stopped
[11:18] {dino} that palin is pleasant to look at in a pair of levi's
[11:20] {dino} mygn spikes again
[11:23] {amarg} why is hig having a reverse relation to the market today?
[11:24] {Threei} it doesn't have reverse relation...
[11:24] {Threei} it retreated in the morning with market
[11:24] {dino} reverse?
[11:24] {Threei} went up later with market
[11:24] {dino} ci perhaps
[11:33] {Threei} UAUA retreated again mags
[11:33] {Threei} worth watching for entry point
[11:33] {magoo} ok
[11:34] {magoo} might lose 15 this time vadf
[11:35] {dino} v sm dxd l .53
[11:38] {Threei} no pulse in the market whatsoever
[11:40] {dptl} took that slw short .29
[11:40] {Threei} just don't fall asleep
[11:40] {dptl} :)
06[11:42] * dino slaps dptl around a bit with a large trout
[11:42] {dino} making sure you're awake
[11:42] {dptl} :) thanx
[11:43] {dino} np
[11:46] {Threei} where else you get so much care dp
[11:47] {dptl} he he...
[11:48] {_maga} as you you are fond of ...here is a gift:
[11:48] {_maga} }{\(\(\(°}
[11:48] {_maga} :-)
[11:48] {Threei} ROFL
[11:49] {dptl} lol
[11:50] {dino} dxd stopped -.30
[11:56] {dino} ci pullback
[11:58] {Threei} UAUA started teleportation pattern
[11:58] {Threei} did .54 - .70 twice
[12:03] {dino} pru sm s .00
[12:09] {Threei} what a major yawn
[12:09] {Threei} worse than yesterday
[12:10] {dptl} trmb?
[12:10] {Threei} no single day in August, traditionally dead month, was so boring as this
[12:11] {Threei} not sure it's worth the risk dp
[12:11] {dptl} uh too late took .23
[12:13] {dptl} gonna keep stop under .08
[12:14] {Threei} one sleeper stock was not enough for you weh
[12:15] {Threei} don't push dp... where there is nothing to do there is nothing to do
[12:15] {Threei} that's when you run up unneeded stops
[12:15] {dptl} yeah.. you right..
[12:18] {tomg} out uso
[12:18] {Threei} plus how much?
[12:19] {Threei} 4?
[12:19] {tomg} $4
[12:19] {Threei} beautiful
[12:19] {Threei} wtg
[12:19] {tomg} ty
[12:19] {tomg} 401k trade?
[12:20] {tomg} not a question, sorry
[12:20] {Threei} good way to heal that deeply sick 401K
[12:20] {tomg} yes, that's what i thought
[12:21] {dptl} mooving stop to under .14 trmb
[12:21] {dino} pru stopped -.49 sm
[12:34] {Geo} :)
[12:37] {magoo} NICE TOM
[12:41] {dino} ok amarg
06[12:44] * Chaeron must be dyslexic... keep reading amarg as magoo
06[12:45] * Geo is confused maga and magoo
[12:46] {magoo} me too..i keep thinking someone is talking to me
[12:46] {Geo} lol
[12:46] {Chaeron} that's all in your head magoo
[12:46] {Threei} that's nothing... I got confused this morning between 5 of my personalities, and in a state of confusing shaved wrong one
[12:46] {magoo} lets petition vad to change his name lol
[12:46] {Geo} dino thinks palin talks to her in her levis
[12:46] {Geo} to him :)
[12:48] {dino} she does
[12:48] {Threei} some problems over Internet
[12:48] {Threei} routes get dropped
[12:48] {Geo} lol@dino
[12:52] {Geo} hmm kicked out of room
[12:52] {Geo} okok palin talks to vad too
[12:52] {Threei} [12:48] {Threei} some problems over Internet
[12:52] {Threei} [12:48] {Threei} routes get dropped
[12:52] {Geo} :)
[12:54] {Threei} wow
[12:54] {Threei} SOLF
[13:03] {dptl} .
[13:10] {lisa_jay} If any one is awake, was wondering if you could help me with placing hard stops.
[13:10] {lisa_jay} I have learnt that I am too slow / not disciplined so need hard stops
[13:11] {Chaeron} I'm awake LJ, but don't use them
[13:12] {lisa_jay} Ok, thanks Chaeron.
[13:12] {Chaeron} sorry... why do you feel as tho you're not disciplined?
[13:13] {lisa_jay} History of my life...usually when the stop price hits i hesistate.
[13:14] {lisa_jay} Results in move of 5+ c before i take stop.
[13:15] {dino} axp s .70
[13:17] {Chaeron} .05 isn't bad... I use a bit of pad at times, no more than that tho... usually a couple cents
[13:18] {lisa_jay} Ok, will get it eventually I guess.
[13:18] {Chaeron} I'm sorry.. I don' tknow how to enter them even on Laser... you on Laser?
[13:19] {lisa_jay} Not on Laser...I guess slippage of couple of cents will happen even with hard stops.
[13:20] {lisa_jay} Does anyone use Limit Orders with stops?
[13:20] {dptl} me
[13:20] {Geo} interesting dp
[13:20] {Chaeron} psychologically speaking tho, don't let it become an excuse to let .02 turn into .20... make sense?
[13:20] {Geo} 5 cent limit?
[13:21] {Geo} you using OMS mod dp?
[13:21] {lisa_jay} Chaeron - this is why I need hard stops. With the volatile stocks stocks it can happen in a blink.
[13:22] {dptl} only if too slow stock and i have to step out
[13:22] {Geo} ok
[13:23] {Chaeron} true... know your limits and don't play RIMM, etc until you got it down and disciplined. You don't have to take every trade... every stock has a diff personality. Like I normally won't trade wide spread stocks... my personal limitation
[13:23] {lisa_jay} How much of spread do you limit yourself to?
[13:23] {dino} and i will......but smaller size
[13:24] {Chaeron} depends on stock
[13:24] {Chaeron} some I see .20+... won't touch... .10 is questionable and less is ok
[13:26] {lisa_jay} Ok, thanks Chaeron.
[13:27] {dino} lisa...if i may....
[13:27] {lisa_jay} Please...(no trout though)
[13:27] {dino} you must find YOUR edge, not everybody else's
[13:28] {dino} then simply manage the risk (size and stops), be consistant, and keep it simple
[13:28] {Chaeron} excellent point dino
[13:28] {dino} as long as you have some sort of edge, it will work over time
[13:28] {lisa_jay} Consistancy is hard for me.
[13:29] {Chaeron} you have MPP?
[13:29] {lisa_jay} Yes, working through it.
[13:30] {Chaeron} keeping track of trades and then go back review winning and losing ones and see what pattern comes from it
[13:30] {Chaeron} know yourself
[13:30] {dino} consistanc how? w/stops? then no excuse....simple as that
[13:30] {dino} enter hard stops if that is the problem
[13:31] {lisa_jay} Ok.
[13:31] {Chaeron} I would bet it would show what dino summed up
[13:31] {dino} remember trading is not about being right (learn to expect losses), it's about trading right (consistency)
[13:32] {peterg} essential issue in facing facts--oops mkt going against me, I'm outa here return to security
[13:32] {Chaeron} just take the stop.. either that or we won't have you to trout because you'll eventually be gone... and I'd be sad :(
[13:32] {peterg} I keep having to work throught the humiliation of error
[13:32] {peterg} well said master ch
[13:32] {dino} i expect to lose on 4 of 10. bthats my edge
[13:32] {peterg} what a realist
[13:32] {peterg} still want perfection
[13:33] {dino} so as i say to my son, when he says i'm wrong..."so what, i was wrong 5 times today"...get it...nothing matters
[13:33] {peterg} nothing is real, strawberrry fields fordever
[13:33] {dino} no perfection peter, it is simply an odds game...think in probabilities
[13:34] {peterg} right
[13:34] {peterg} getting better
[13:34] {dino} when i hit 4 or 5 in row, i sit back, because the house will smack me soon
[13:35] {peterg} many on the list are hard-core traders, earning a living at it. I respect that. For the present, I want to earn an allowance.
[13:36] {dino} then, with all respect, keep it simple
[13:36] {lisa_jay} I am trying to become a full-time trader too. It really is hard.
[13:37] {peterg} Oh yeah. Emotions being the biggie.
[13:38] {dino} you are complicating it then. find your edge, keep it simple. everybody is different and trades differently. no one right way
[13:38] {dino} if you never find "your edge" you will fail
[13:38] {peterg} I agree with you dino and am currently trading apple patterns with some success
[13:39] {dino} good.
[13:39] {peterg} I feel bits of edge from time to time, but have always felt
[13:39] {peterg} i am a slow learner
[13:39] {dino} lol
[13:39] {peterg} turtles get there
[13:40] {Chaeron} but you gotta stick your neck out to get there :)
[13:40] {peterg} registered a URL: mouseinvestments.com
[13:40] {peterg} still working on motto: run in graba bite and get out
[13:40] {dino} way of turtle...good book 1st have
[13:40] {peterg} good pt ch
[13:41] {dino} have=half
[13:41] {peterg} turtle with flying fingers
[13:42] {Geo} hmm whats up with yhoo today
[13:42] {peterg} the secret methods that turned ordinary people into legendary traders
[13:42] {peterg} way of turtle
[13:43] {peterg} you recommend book dino?
[13:44] {dino} the 1st half made alot of sense to me
[13:44] {dino} it was all a system, those who broke it washed out
[13:45] {dptl} what the name of the book?
[13:46] {dino} way of the turtles, curtis faith
[13:46] {dptl} ty
[13:46] {dino} trading places movie sort of take on it
[13:48] {Threei} if I may...
[13:48] {Threei} [13:32] {peterg} I keep having to work throught the humiliation of error
[13:48] {Threei} see... there is no such thing in reality
[13:49] {Threei} you enter a stock on certain setup
[13:49] {Threei} no setup is garanteed to work in each given case
[13:49] {Threei} so the chance of it not working is always there
[13:49] {Threei} thus, there is no error
[13:49] {Threei} as dino said, you simply playing the odds
[13:50] {dino} :) flip a coin
[13:50] {Threei} odds are in your favor over statistically valid size of sample
[13:50] {Threei} if you play valid setups
[13:50] {Threei} but ech given case may or may not work
[13:50] {Threei} it's not working - get out and wait for the next bus
[13:51] {Threei} no error, no humiliation, no reflection of losing trade on your celf-perception
[13:51] {peterg} Right--I suffer from overactive hypercdritical superego
[13:51] {dino} axp bstop to .58
[13:51] {dino} cov +.12
[13:51] {Threei} and from our spelling that started rubbing off of you
[13:51] {peterg} yess
[13:51] {peterg} getting looser, better
[13:51] {dino} anything can happen...nothing matters
[13:52] {Threei} not many think of it this way but here is one of the most important traits of a trader:
[13:52] {peterg} true zen
[13:52] {Threei} self-irony
[13:52] {peterg} what
[13:52] {peterg} oh
[13:52] {Threei} not taking yourself too seriously
[13:52] {Threei} then your ego doesn't kick in
[13:52] {peterg} well, isn
[13:52] {peterg} t that the trick,
[13:53] {Threei} before hitting that buy button, ask yourself "ready to lose 150/"
[13:53] {dino} bingo
[13:53] {Threei} here we go then,
[13:53] {Threei} 150 is thrown on the table
[13:54] {Threei} now, was I the smartest one on a planet or was I complete finished unbeatable idiot?
[13:54] {peterg} Both?
[13:54] {Threei} oh, it's a stop - I was second biggest idiot on earth
[13:54] {Threei} fine, shurg, dry laugh
[13:54] {Threei} next
[13:55] {peterg} I wanna be the new James Bond guy
[13:55] {dino} big deal, in the end it (his stop) doesn't matter if you have an edge
[13:55] {Threei} exactly
[13:55] {dino} vad is a shrink. he taught me
[13:55] {Threei} who is here from the get go
[13:55] {Threei} chaeron
[13:55] {Threei} cosmo
[13:55] {Threei} raven
[13:55] {Threei} jmb
[13:55] {Threei} ask them:
[13:55] {dino} as soon as it did not matter, i started making $
[13:56] {Threei} how many stops have I taken over these years?
[13:56] {peterg} hmmmm
[13:56] {peterg} this deeep
[13:56] {Threei} zillion
[13:56] {Threei} or two zillions
[13:56] {Threei} so what?
[13:56] {dino} 80/month ave
[13:56] {Threei} ask dino, magoo:
[13:56] {Threei} how many times have they seen me going through cluster of losses
[13:56] {Threei} and next question:
[13:57] {dino} and you know what, the only stops that ,attered are the ones not taken
[13:57] {Threei} was there any single time I wouldn't recover in the next few (hours, days, weeks)
[13:57] {dino} mattered
[13:57] {Threei} and made it all back and a lot more
[13:57] {Threei} very true
[13:57] {Threei} that one stop you never took can do you in
[13:57] {dino} thats they key
[13:57] {peterg} That much I get solidly
[13:58] {Threei} it's just a normal part of trading, part of playing the odds
[13:58] {Threei} shrug it off
[13:58] {dino} all other stops don't matter peter, pound that into your head
[13:58] {Threei} never let it reflect on your perception of yourself
[13:58] {peterg} So zen self analysis: too much desire (attachment) leads to error, suffering
[13:58] {Threei} reread these two posts in the blog
[13:58] {Threei} lemme find them
[13:59] {cosmo} its better to have traded and lost, than to have never traded at all
[13:59] {cosmo} no?
[13:59] {peterg} Shakespear, our first trader
[13:59] {peterg} yes
[13:59] {Threei} http://www.realitytrader.com/blog/2007/05/stops-why-dont-we-keep-them.html
[13:59] {dino} you see, imo, tading is like hitting a wall, and walls are made to keep people out. stops enable you to climb over the way
[13:59] {Threei} http://www.realitytrader.com/blog/2008/08/non-stop-discussion-of-stops.html
[14:00] {Threei} ok dino, that's too deep :)
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
[14:00] {Chaeron} DCC Dave
[14:01] {Geo} Its called a stepover stop.....
[14:01] {dino} lol. i am done....so i leave w/this: being poor sucks, staying poor is stupid
[14:01] {Chaeron} amarg... DCC
[14:01] {Geo} hey raven.... i just remembered something...... have you seen the crown of the next king of bhutan?.... check it out and its history when you have time..
06[14:01] * Chaeron dcc'g everybody
[14:03] {dino} apei bstop to .15 all dayer
[14:03] {Chaeron} noone answering tho :)
[14:04] {lisa_jay} Thanks Vad, Dino, Chaeron, Peter...will print out todays log and read it every morning now.
[14:04] {Raven} crown on next king of Bhutan ????
[14:04] {dino} cov slippped ave .15, +.25
[14:04] {Raven} sheesh
[14:05] {Geo} humor me
[14:05] {Geo} google it
[14:05] {Raven} uh ... OK
[14:05] {dino} np lisa and gl
[14:05] {lisa_jay} thank you
[14:06] {Raven} Obviously a very smart new King ...
[14:07] {Geo} yes :)
[14:07] {Geo} amzinf place to visit
[14:08] {Geo} i thought youll be interested in the crown history though
[14:08] {Raven} I just want to see the damn crown
[14:08] {Raven} all I see is the king
[14:08] {Geo} lol
[14:08] {Raven} to hell with him
[14:09] {peterg} this is your crown, raven
[14:09] {Raven} perhaps
[14:09] {Geo} a crown surmounted by the head of a raven. The bird represents a form of Mahakala, Bhutan's guardian deity. The prototype of the founding monarch's Raven Crown had first been devised as a battle helmet for his father, Jigme Namgyel (1825-81).
[14:10] {Raven} I see
[14:10] {peterg} google raven crown under images
[14:11] {Raven} that's a thought
[14:12] {Geo} http://www.kuenselonline.com/modules.php?name=News&file=article&sid=10581
[14:12] {Raven} ugly damn thang ... not my kind of Raven
[14:12] {Geo} lol
[14:13] {Geo} its an approximation
[14:13] {Raven} I expect accuracy
[14:13] {Geo} killing a raven used to be capital punishment in bhutan
[14:13] {Raven} should be that everywhere
[14:14] {Geo} much better logo
[14:14] {Geo} of crown http://2008.bhutan-360.com/uploads/logo/problems.jpg
[14:14] {Geo} ok ill stop spamming now
[14:15] {Raven} still looks dopy
[14:15] {Raven} dopey
[14:15] {Geo} i was more interested in the folklore
[14:15] {Geo} :)
[14:15] {Raven} I don't trust folklore
[14:15] {dino} kbr s .52
06[14:16] * Geo sighs and goes back to corner
[14:16] {Raven} {----------- back to his perch
06[14:18] * Chaeron slaps amarg around a bit with a large trout
[14:18] {Chaeron} I left you a DCC
[14:20] {lisa_jay} Chaeron..got your DCC.
[14:26] {dptl} pei?
[14:28] {Threei} 11 break? :)
[14:29] {dptl} missed
[14:29] {dptl} 11 missed .18
[14:29] {dptl} it's ok
[14:29] {dptl} :)
[14:29] {Chaeron} sigh... I'm lost... even tried typing GRRR in quote box
[14:31] {dino} met l .72
[14:36] {dino} met stopped -.22
[14:40] {dptl} wfr...may be? .10
[14:40] {Threei} could be
[14:41] {dptl} damn it...got .10
[14:41] {Threei} didn't wait for break?
[14:41] {Threei} .10 was tagged last time around too
[14:41] {dptl} it started
[14:47] {dptl} oh well...stopped -.16
[14:47] {Threei} CNBC'S FABER REPORTS GOOGLE HAS ASKED MANAGEMENT TO IMPLEMENT AN 'UNOFFICAL HIRING FREEZE'
[14:47] {Threei} - positions being filled with internal promotions.
[14:47] {Threei} - also notes Google is cutting back on some perks.
[14:53] {peterg} selling off its czech fighter jet?
[14:57] {dino} cov kbr .48 +.04 thing won't drop
[14:57] {dino} ci l .60
[15:01] {Threei} MA lost its mind
[15:01] {Threei} Cramer TV hype
[15:04] {Threei} magoo fess up... shorted GOOG?
[15:05] {magoo} earlier i did yes
[15:05] {Threei} on new headline I mean
[15:05] {Threei} news
[15:05] {magoo} yes
[15:05] {Threei} :)
[15:05] {magoo} before u posted i heard it faber
[15:06] {Threei} nice
[15:06] {Threei} how many points?
[15:08] {Threei} highest turnout election in 100 years
[15:19] {dino} out ci .62 +.02 stuck one
[15:21] {Geo} .
[15:23] {Threei} what an amazingly empty day
[15:23] {dino} ................
[15:23] {dino} oh contrare my friend about 1.4x
[15:24] {Geo} sheesh
[15:24] {Geo} -90 here
[15:24] {Threei} lol
[15:24] {Threei} still up thanks to those morning trades but nothing to write home about
[15:24] {dino} 400 neg. yesterday geo, usually one day/week
[15:25] {Geo} i screwed up a stop
[15:25] {Geo} youre a machine dino
[15:25] {Geo} and i mean it in a good way
[15:26] {Threei} you will be too... when you stop roaming all over internet looking for some weird new things, softwares, people etc :)
[15:26] {Geo} hey
[15:26] {dino} just lucky
[15:26] {Threei} {dino} just trade
[15:26] {dino} axp l .38
[15:26] {Geo} the raven crown was on headlines yesterday
[15:26] {Threei} no, that's fuin... that's OK
[15:27] {Threei} fun too
[15:28] {Raven} {}
[15:32] {dino} pout axp .50, +.12
[15:32] {dino} out
[15:32] {Geo} comeon vad
[15:32] {Geo} gimme a trade
[15:33] {Geo} ill go positive !!!!
[15:33] {dino} just did
[15:33] {Geo} what
[15:33] {Geo} ?
[15:33] {Geo} i am disconnected :(
[15:33] {Threei} [15:26] {dino} axp l .38
[15:33] {Threei} 15:32] {dino} out axp .50, +.12
[15:34] {Geo} uhh yeah i dont take dino trades
[15:34] {dino} how do you repeat?
[15:34] {Geo} it shortens my life
[15:34] {Threei} lol
[15:34] {dino} hmmmmmmm
[15:34] {_maga} look LVS what a capitulation pattern
[15:34] {Threei} yeah
[15:34] {Threei} probably bounce time
[15:34] {Threei} risky as hell
[15:34] {dino} ci l .77
[15:36] {Threei} .71 LVS long half lot if stays above .50
[15:36] {Threei} only if feel like living on the edge
[15:37] {dino} ci stop to b/e
[15:39] {dino} out ci .87, +.10
[15:40] {Threei} with that huge offer at .60 can change to more aggressive entry
[15:40] {Threei} .60 break
[15:42] {Threei} and with such tight stop can do full lot probably
[15:42] {Threei} pesonal decision
[15:43] {dawg} in LVS .59 sm lot
[15:44] {_maga} in lvs at .6
[15:44] {dawg} out 1/2 LVS
[15:44] {Threei} half out .79
[15:45] {lisa_jay} Got .19 on LVS thanks Vad.
[15:45] {Threei} lisa :)
[15:45] {Threei} geo??
[15:45] {Geo} got .17 thanks
[15:45] {Threei} whew
[15:45] {_maga} out .76 got +0.16 TX Vad
[15:46] {Threei} welcome maga
[15:46] {Threei} offering balance 13.05
[15:46] {Threei} may have to ree-valuate
[15:46] {Threei} but for now, let it be there
[15:49] {Geo} back in black..... phew.... election day sucks
[15:49] {Threei} lol
[15:49] {Geo} also took break of 22.2 on vrsn
[15:50] {dino} gj geo
[15:50] {Geo} yeah i would hate to loose money in vad's room
[15:50] {Threei} I just listened to joe the plumber
[15:50] {Threei} that's how bored I am
[15:50] {Geo} it would spoil his record
[15:51] {Geo} i heard he signed up for a record deal
[15:51] {Threei} amazing how no one gets his answer why he doesn't want 25K+ guys to pay more taxes since he makes nowhere close to that amount
[15:51] {Threei} he is likely to benefit so why he objects
[15:52] {Threei} maybe because he doesn't want someone's money?
[15:52] {Threei} I wouldn't
[15:52] {Geo} he is just not comfortable vad
[15:52] {Threei} I don't see myself as a looter
[15:52] {Threei} or charity reciever
[15:52] {dawg} Vad are you still offering 1/2 LVS
[15:53] {Threei} yes but time runs out on me
[15:53] {dino} ci s .00 risky
[15:53] {Threei} not likely to work
[15:53] {Threei} but whatever... finished day with nice trade
[15:54] {Threei} and in the money
[15:54] {dawg} out last half 12.63
[15:54] {dino} stopped .97, cov +.03
[15:54] {dino} too tight
[15:55] {dino} i believe that is all for me today
[15:56] {Geo} vad if you have time dcc pls
[15:56] {Threei} just a few
[15:56] {Threei} let me exit this thing before the bell :)
[15:56] {Geo} sure ill page after close
[15:56] {Threei} much as like to chat with ya... don't want LVS overnight {G}
[15:56] {Geo} [12:53] {Threei} but whatever... finished day
[15:57] {Threei} ok out
[15:57] {Geo} i thought you closed
[15:57] {Geo} sorry
[15:57] {Threei} .84
[15:57] {Threei} now it can go wherever it choses
[15:58] {dino} thx all
[15:58] {dptl} have a good evening all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} see you tomorrow in a new country
[16:00] {Threei} go votye
[16:00] {magoo} ty vad
06[16:00] * Geo voted for romney
[16:10] {dino} gn all
[16:13] {dino} fwiw we are +19% on dji in 5 trading days,,,,sell the rips soon imo
Monday, November 3, 2008
Nov 03 2008
Nice first half of the day, then market got a bit listless. More of the same tomorrow I'd guess. Still, profit is profit
Session Time: Mon Nov 03 00:00:00 2008
[07:47] {amarg} hello vad
[07:47] {amarg} hello dptl and geo
[07:48] {lisa_jay} Hi Amar....are U from the East coast?
[07:48] {amarg} hello lisa, texas
[07:49] {amarg} I'm new to vad's trading, joined on friday, for the most part, just watched you guys talk on friday
[07:50] {amarg} have you guys been around this platform for a while, and what's your overall opinion?
[07:50] {lisa_jay} I am new too...only been trading 2 weeks with Vad.
[07:51] {amarg} I'm waiting for the study material package and went through the online reading,
[07:51] {lisa_jay} Did you get his course?
[07:51] {lisa_jay} Oh sorry...once you get the course a lot of Vad's calls will make sense.
[07:52] {amarg} do most people in your opinion trade based on vad's recommendations or when he produces a signal or do the materials teach you to generate those on your own
[07:53] {amarg} dptl and geo, maga, if you aren't busy, your comments would be well appreciated as well
[07:54] {amarg} lisa are you trading with mbtrading or who? what tools you use to call trades?
[07:55] {lisa_jay} I think most of the traders here take some of their own trades as well. Keep in mind that they have a lot of experience on their own and with Vad.
[07:55] {lisa_jay} They just don't post them all the time since they take on more risk (Aapl, bidu, goog etc) and are not for novice. I for one stick to Vad's calls mostly.
[07:56] {lisa_jay} Example Dino trades capitulation and euporia - but with very strict stops....
[07:56] {lisa_jay} I think.
[07:57] {lisa_jay} Amar, talk to Vad about the best trading platform to use. I don't use MB trading.
[07:58] {_maga} hi everybody, I'm new too. today is my first day. so I cannot judge but I loved Vadym's books a lot!
[07:58] {_maga} #floor Cannot send to channel
[07:58] {amarg} thank you, my goal is to learn a program or techniques to be able to make more right calls than before, without that I feel all we do is gamble
[07:59] {lisa_jay} Yes.
[07:59] {amarg} so any comments on checking out whatever tools to better your probabilities is well appriciated
[07:59] {_maga} I agree
[08:00] {amarg} man, was I wrong on thinking that market was going down to test 7500 and hoping that DXD will head further up, while it fell by 20 points last week
[08:04] {magoo} morning
[08:04] {lisa_jay} Hi Magoo.
[08:22] {Threei} Good morning
[08:23] {Threei} 11/03/08 06:00am
[08:23] {Threei} [DRYS] DryShips, Inc Reports Q3 $3.53 v $3.60e, R $329M v $306Me
[08:23] {Threei} - Q3 Net voyage revenue $228.2M v $140.5M y/y
[08:23] {Threei} - Sees Q4 costs of $7.9M for dry docking
[08:23] {Threei} - Firm has total liquidity of $1.6B
[08:23] {_maga} good morning Vad
[08:23] {Threei} morning maga, welcome to the room
[08:23] {Threei} nice numbers and gap DRYS... but:
[08:24] {Threei} 08:13am Baltic Dry Bulk Index falls 2.8%, down 21 straight sessions (lowest reading since Feb 1999)
[08:24] {_maga} thank you
[08:24] {Threei} lasr week heroes are showing strength again this morning
[08:25] {Threei} UAUA and LVS
[08:25] {Threei} magoo, on AAPL:
[08:25] {Threei} FRIEDMAN BILLINGS MAKING CAUTIOUS COMMENTS ON IPHONE PRODUCTION (TIMING UNCERTAIN)
[08:25] {Threei} - Notes production could fall approx 40%
[08:26] {Threei} 8:22am, dropped whole point on this comment
[08:27] {Threei} just keep in mind your bellweather may disconnect from the rest of the market if players take tgis seriously
[08:29] {Threei} who hates this endless jerking the clock back and forth twice a year, raise your hand...
06[08:29] * magoo slaps Threei around a bit with a large trout
[08:29] {Threei} one hand, I see
[08:29] {tomg} speaking of clock, didn't there used to be a real time clock on Laser somewhere?
[08:29] {tomg} gm btw
[08:30] {Threei} morning tom
[08:30] {tomg} on level II, I thought
[08:30] {Threei} yes
[08:30] {Threei} window right under amount of shares
[08:31] {Threei} when you click on it it toggles between T and %
[08:31] {Threei} T is time
[08:31] {Threei} works on NASDAQ stocks only I think
[08:31] {tomg} ah, got it back, ty vad
[08:31] {amarg} you mentioned DRYS, is that a play for short sale based on baltic index?
[08:32] {Threei} not necessary
[08:32] {Threei} news is news... it's not always a sole reason for a play
[08:32] {Threei} reason to look, yes
[08:33] {Threei} all too often stock does opposite to what news suggests
[08:33] {Threei} which is a great opportunity to "fade the news"
[08:33] {Threei} price/information divergence...
[08:34] {Threei} http://www.realitytrader.com/blog/2008/10/information-price-divergence.html
[08:34] {amarg} since I'm new and not familiar with what are some of the usual symbols traded, can you throw out some symbols so that I can study them and be ready when you make a call
[08:35] {amarg} of course I imagine you follow a few stocks regularly
[08:35] {Threei} it's not like we have a firm list
[08:35] {Threei} but yes, some usual suspects appear now and then
[08:35] {Threei} and we play them regularly while they are active
[08:35] {Threei} lately, examples would be
[08:35] {Threei} UAUA
[08:35] {Threei} LVS
[08:35] {Threei} HIG
[08:35] {Threei} ADBE
[08:36] {Threei} then they run out of favor
[08:36] {Threei} new ones appear
[08:36] {Threei} about a year ago we played whole list of solars practically every day
[08:36] {Threei} haven't heard from them in quite a while
[08:36] {Threei} but I suspect they may be back in play on election outcomwe
[08:37] {Threei} or not... tape will tell
[08:37] {magoo} ty on aapl news vad
[08:38] {Threei} so let me get this straight... you trout me first, look later?
[08:39] {magoo} u got that right...whats the problem:)
[08:40] {Threei} none, I would worry about your health if it was any different
[08:47] {magoo} vad, news bidu?
[08:48] {Threei} 07:00am [BIDU] Announces $200M stock buyback (2.8% of market cap)
[08:48] {dawg} good morning everyone, new subscriber here
[08:48] {Threei} morning dawg, welcome aboard
[08:49] {dawg} Thank you Vad you have been doing a fabulous job from the logs
[08:49] {Threei} HOLDER WYNNEFIELD DISCLOSES KAHN CAPITAL HAS MADE A $6.05/SHR OFFER FOR WEDC AND URGES BOARD TO ACCEPT THE OFFER
[08:49] {Threei} hmmm... 6.05?
[08:50] {Threei} why is it available under 5?
[08:54] {lisa_jay} Good morning Vad.
[08:54] {Threei} lisa :)
[08:56] {Threei} LVS tested Fri high
[09:00] {lisa_jay} Citi Upgrades Chip Sector - analyst recommends QCOM, NVDA, INTC, ALTR, STM, IDTC
[09:02] {dino} good morning reality trader (robin williams/nam)
[09:02] {Threei} morning dino
[09:02] {patience} good morning guygs :)
[09:02] {Threei} patience :)
[09:02] {Onix} Good morning all
[09:02] {Threei} onix :)
[09:03] {lisa_jay} Hi Patience, Dino, and Onix
[09:05] {patience} good morning lisa, where do you live?
[09:05] {lisa_jay} CT.
[09:05] {patience} is it cold yet?
[09:05] {dino} :)
[09:06] {lisa_jay} Yes..should be nice today though (61)
[09:06] {dino} welcome to the jungle newbies
[09:06] {dino} follow vad to learn, imo. i trade on my own
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {lisa_jay} Hey Geo.
[09:07] {dino} thinking out loud, will the insurers offer more fun today
[09:07] {Onix} hi
[09:07] {Onix} geo
[09:07] {cosmo} SOLF maybe
[09:07] {_maga} tx Dino
[09:07] {Threei} Geo, you know who was asking for you on Fri, right?
[09:07] {Geo} ?
[09:07] {lisa_jay} :-)
[09:08] {Threei} starts with A
[09:08] {Threei} ends with S
[09:08] {Threei} and has RR in the middle
[09:08] {Geo} hehehe
06[09:08] * Geo respects alll animals
[09:09] {Threei} be back in 5
[09:12] {dino} np maga
[09:14] {Threei} one thing we need to gauge today is,
[09:15] {Threei} will market hesitate before the election or it pretty much made up its mind
[09:18] {dptl} good morning all
[09:18] {Threei} dp :)
[09:18] {Onix} Hi dp
[09:20] {Threei} uncertain opening so far
[09:20] {Threei} let's be patient as always
[09:20] {cosmo} 10 min i say
[09:20] {Threei} that's a certain spect of it, yeah
[09:20] {Onix} have not seen the market this calm for many months
[09:20] {Threei} yes... meek action
[09:21] {Threei} wait for good safe plays, no point in jumping with both feet while market decides
[09:22] {Onix} solid advice as always, ty
[09:23] {Threei} NVDA is green
[09:24] {Threei} not something I'd try to buy right out of the gate but worth keeping eye on
[09:24] {Threei} LVS and UAUA as usual, pullback buys rather than breakout
[09:24] {peterg} mornng team
[09:24] {Threei} peter :)
[09:25] {Onix} hi peter
[09:26] {peterg} hi
[09:26] {peterg} !
[09:28] {_maga} yes the same was here in Europe, the market was as calm as I was no more used to
[09:28] {cosmo} SOLF tests 6.50 at some point fwiw
[09:28] {Threei} rough waters became a norm, lol
[09:28] {Threei} qwe are uncomfortable in calm seas now
[09:29] {Threei} SOLF is a play if consolidates a bit, then breaks
[09:30] {ese} morning
[09:30] {Threei} ese :)
[09:31] {Threei} Long Setup: UAUA half lot .50 break
[09:31] {Threei} STOP UNDER .40
[09:31] {magoo} missed
[09:31] {Threei} too fast?
[09:31] {Threei} ok, don't chase
[09:31] {Threei} let it pull back
[09:31] {lisa_jay} Yes...is this pullback buyable?
[09:31] {Threei} market sharp red bar
[09:32] {Threei} LVS
[09:32] {Threei} watch for bounce from 15
[09:32] {Threei} no exact entry price, more of a gut play
[09:33] {Threei} in .95
[09:33] {Threei} stop under .80
[09:34] {Threei} UAUA .60 break long if stays above .50
[09:34] {Threei} half out LVS 15.20
[09:35] {Threei} stop to under 14.90 for the balance
[09:36] {Threei} offering balance .55
[09:37] {Threei} missed UAUA
[09:38] {Threei} out balance LVS
[09:38] {Threei} Long Setup: SOLF .57
[09:39] {magoo} dam
[09:39] {Threei} stop under .45
[09:39] {magoo} missed solf
[09:39] {Geo} y
[09:39] {Onix} ty Vad, got 70c LVS on 100 sh
[09:39] {Threei} :)
[09:39] {Threei} anyone got SOLF?
[09:39] {Threei} if not I won't trackl it
[09:40] {lisa_jay} Not me.
[09:40] {ese} missed it as well
[09:40] {peterg} nope
[09:40] {Threei} OK
[09:40] {Threei} UAUA
[09:40] {magoo} rimm news vad
[09:40] {lisa_jay} lvs
[09:40] {Threei} nears that total breakout at 16
[09:40] {lisa_jay} sorry, wrong screen
[09:40] {lisa_jay} lvs
[09:40] {Threei} this is risky one
[09:40] {Threei} but daily is fantasic
[09:40] {Threei} C&H
[09:40] {Threei} le'ts try and structure it on both intraday and daily
[09:41] {Threei} Long Setup: UAUA 16 break if stays above 15.80
[09:44] {Onix} in UAUA @ 15.99
[09:45] {amarg} should i catch uaua if it comes near 16
[09:45] {ese} bstopQQQQ 33.03
[09:46] {Threei} yes, just not on a price alone - make sure it shows strength and reverses back up
[09:46] {Threei} but it doesn't look like it will
[09:46] {ese} l Q's .03
[09:47] {Threei} sold any Onix?
[09:47] {Onix} 1/3 @ .27
[09:48] {Threei} :)
[09:50] {dino} nstc sm l .00, stop lod
[09:53] {Threei} Long Setup: LVS .85 half lot
[09:53] {Threei} if stays abovce .70
[09:57] {Threei} half out UAUA .40
[09:58] {Threei} stop under 16
[09:58] {Threei} not a scalping play for me
[09:58] {Threei} aiming to sell 1/4 more at .75
[09:58] {Threei} and last portion above 17
[09:58] {Onix} out 1/3 more UAUA @ .47
[09:58] {Threei} {--- greedy
[10:00] {Onix} stopped lvs
[10:00] {Threei} LVS stopped
[10:00] {dawg} LVS stopped
[10:00] {Threei} SEPT CONSTRUCTION SPENDING (M/M): -0.3% V -0.8%E
[10:00] {peterg} made +.07 on LVS thks
[10:00] {Threei} OCT ISM MANUFACTURING INDEX: 38.9 V 41E; PRICES PAID: 37 V 48E
[10:00] {Threei} - Employment Index: 34.6 v 41.8 prior
[10:00] {Threei} - New Orders Index: 32.2 v 38.8 prior
[10:02] {magoo} going red boss
[10:03] {Onix} all out UAUA
[10:03] {Threei} I don't mind
[10:04] {ese} stopped Q's _.19
[10:04] {ese} ARGHHHHHH
[10:05] {ese} -.19 that is
[10:06] {dino} hl ceph l .00
[10:07] {peterg} hl?
[10:07] {Threei} half lot
[10:07] {peterg} tkis
[10:07] {dino} ceph stopped -.24
[10:10] {dino} qcom l sm .53
[10:10] {dino} stop is lod
[10:10] {Onix} Vad, you still in UAUA?
[10:10] {Threei} half
[10:11] {Threei} [09:57] {Threei} half out UAUA .40
[10:11] {Threei} [09:58] {Threei} stop under 16
[10:11] {Threei} [09:58] {Threei} not a scalping play for me
[10:11] {Threei} [09:58] {Threei} aiming to sell 1/4 more at .75
[10:11] {Threei} [09:58] {Threei} and last portion above 17
[10:11] {dino} kbr l .25, stop .99
[10:12] {Threei} Long Setup: NVDA 9.11 if stays above 9
[10:12] {dino} ice?
[10:14] {Threei} chart is short on 81.50 break... but you know how volatile this one is
[10:15] {Threei} GERn... I asssume is a play on stem cells supposed strength on election outcomwe
[10:15] {Threei} GERN
[10:16] {Threei} SOLF got away from us big time eh?
[10:17] {Chaeron} nvda
[10:18] {Chaeron} oops... Good morning all
[10:18] {Threei} good morning to you too chaeron
[10:19] {dino} ice sm l .55
[10:20] {dino} out ice .95, +.409
[10:20] {magoo} morn cvharbroil
[10:21] {dino} sm ceph last try .00 l
[10:21] {Chaeron} hey 3i, mags :)
[10:22] {ese} mags......
[10:22] {ese} i mean CHHHH...
[10:22] {Chaeron} heheh ese :)
[10:24] {Threei} done with UAUA balance
[10:24] {Threei} may get back to this play but so far too unclear
[10:25] {dino} qcom stopped -.26
[10:25] {lisa_jay} Choppy today
[10:26] {Threei} yup
[10:26] {amarg} stopped lvs at 9
[10:27] {lisa_jay} CVS
[10:27] {Threei} ?
[10:27] {Threei} 9?
[10:27] {_maga} LVS or NVDA?
[10:27] {amarg} i had a stop loss on nvda at 9 , filled, sorry it was nvda not lvs
[10:27] {Threei} ok
[10:28] {Threei} not particularly important in this case, but stop should have been under 9, not 9 itlself
[10:28] {Threei} loss of support signifies stop
[10:28] {Onix} stopped NVDA
[10:29] {amarg} so what would be your advice, activate price 9, become market at ?
[10:29] {Threei} under 9
[10:29] {Threei} 8.99
[10:29] {amarg} ok
[10:30] {Threei} market or limit, this is different matter altogether
[10:30] {Threei} why not exwecute it manually?
[10:31] {dptl} eslr
[10:31] {amarg} well, i put in the stop order otherwise, when it's hovering around 9 or 8.99, the hope attaches that it won't go down, and it usually does and to avoid possibility of more loss, I place the order to stop as soon as I buy, what you think?
[10:32] {Threei} well, if you suspect you may have psychological troubles taking a stop - then by all means use hard stop until you get more confidence in your self-discipline
[10:33] {Threei} from pure trading standpoint, I prefer manual stops
[10:33] {dino} lol amarg, you sound a bit like me
[10:33] {amarg} ha ha
[10:34] {dino} i'm generally an idiot is i don't use hard stops
[10:34] {dino} xtex blood
[10:35] {Threei} Long Setup: HIG .50 break half lot if stays above .30
[10:35] {Threei} fast and risky
[10:36] {elpaso} hig
[10:36] {dino} met l .50
[10:38] {magoo} in hig vad
[10:38] {Threei} out .75, full or half, whatever you prefer, half for me
[10:38] {Threei} stop to under .50 for the balance
[10:38] {magoo} wait .94 here
[10:39] {Threei} .95 for me
[10:39] {Threei} just to have bragging rights of beating you by 1 cent
[10:41] {dino} nice hig
06[10:41] * Threei kicks HIG in the rear
[10:41] {Threei} was that a kick or was that a kick
[10:41] {Threei} out .95
[10:41] {magoo} nice kick..out here .94 TY
[10:41] {Onix} yes nice HIG, was just too fast for me
[10:42] {lisa_jay} I am too slow this morning.
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
[10:42] {Threei} sigh
[10:42] {Threei} abuse I take...
06[10:43] * Chaeron slaps laserdave1 around a bit with a large trout
[10:43] {laserdave1} i have been planning that attack all weekend
[10:43] {Threei} good plan... worked
[10:43] {laserdave1} was practicing keys and doing speed drills on weekend
06[10:43] * laserdave1 slaps Chaeron around a bit with a large trout
[10:43] {Chaeron} gotta get a life Dave.
06[10:43] * laserdave1 slaps magoo around a bit with a large trout
[10:43] {Threei} I need to stop relaxing over the weekend, and prepare my defenses
[10:46] {ese} long CSIQ on pullback. .70
[10:46] {dino} markets confused
[10:47] {dino} or maybe just me
[10:47] {dino} out ceph .30, +.30
[10:47] {ese} I think they are confusiated
[10:47] {dino} confusal, oh bother
[10:50] {Threei} rofl
[10:50] {Onix} ty dino, I got +.47 on 100 sh in MET
[10:51] {dino} stopped met .99, +.49
[10:51] {Onix} off to work now, by
[10:51] {ese} out CSIQ .95 +.25
[10:52] {Threei} nice ese
[10:52] {_maga} solf
[10:52] {Threei} solars get traction
[10:52] {ese} see ya onix.....will be doin same shortly
[10:52] {ese} tks vad
[10:53] {Threei} big move FSLR
[10:53] {dino} gj onix, .49 for me
[10:53] {Threei} lol, look at this
[10:53] {Threei} HEARING JEFFERIES MAKES POSTIVE COMMENTS THIS MORNING (TIMING UNCERTAIN)
[10:53] {Threei} LVS
[10:54] {Threei} good morning Jefferies
[10:54] {Threei} can you say late to the party?
[10:54] {dino} timing uncertain...one way to cover their butts
[10:55] {Threei} uhhu
[10:55] {Threei} it works - told ya, it was a buy... it doesn't - told ya timing was uncertain
[10:55] {tomg} uaua?
[10:55] {Threei} by the way magoo... phone just rang, HIG called me an idiot, made evilish laughter and hung up
[10:56] {dino} thats why they make the big bucks
[10:56] {Threei} UAUA is scalp on bounces tom, no real read
[10:56] {Threei} etier you get a feel for a brief reversal to scalp or stay away
[10:56] {tomg} ty
[10:57] {magoo} dam vad...i wasnt even watching HIG
[10:57] {Threei} such major break as earlier 16 deserved much bigger move than 50 cents
[10:57] {magoo} had to show me eh?
[10:57] {Threei} drop back under it that far doesn't bide well for continuation
[10:57] {Threei} yes mags
[10:57] {Threei} why should I suffer alone
[10:58] {dino} met s .75
[10:59] {dino} cov -.15 no good
[11:00] {dino} l .00
[11:01] {Threei} listless range-bound market last hour
[11:01] {Threei} not pushing, waiting for something to shape up
[11:02] {dino} feels up imo
[11:02] {Threei} sure does
[11:03] {magoo} posilutely says dubya
[11:04] {Threei} CNN poll of polls has race tightened to 2 points
[11:04] {Threei} so there is a lot of uncertainty
[11:04] {dino} and down it goes
[11:05] {magoo} rimm back to old ways vad
[11:05] {magoo} finally
[11:05] {Threei} want to try .50 break?
[11:11] {dino} ci l .85
[11:15] {dino} out ci .09, +.24
[11:15] {Threei} Long Setup: MS 18.50 half lot if stays above .30
[11:16] {Threei} invalidated
[11:16] {Threei} HIG holding well while market retreats
[11:19] {magoo} target MS vad?
[11:19] {Threei} if it sets up again, and market helps, I'd say aim to sell half around .75
[11:20] {Threei} if you are in a scalping mode today, full out closer to .8-
[11:20] {Threei} needs to consolidate again and not to lose .30 anymore
[11:22] {dino} ci l .11
[11:25] {Threei} HIG... if you are inclined to try high risk play, small shares long .50 if holding above .30
[11:26] {Threei} stop .25 or so, target closer to 16
[11:28] {dino} out ci .23, +.12
[11:31] {dino} out met, .12, +.11, bad entry
[11:33] {dino} qcom, l .20, stop .99
[11:36] {magoo} dave, DCC
06[11:37] * magoo slaps laserdave1 around a bit with a large trout
[11:37] {magoo} dave, dscc
[11:40] {Threei} yawn
[11:40] {Threei} market totally refuses to move
[11:40] {dino} tighten nstc thing is broken
[11:40] {Threei} 5 points range for 30 minutes - when was the last time we've seen such stall
[11:42] {dino} 2005
[11:42] {Threei} lol
[11:42] {dino} feels up still, then big down tomorrow off election
[11:43] {magoo} its like driving on autobonn and then taking exit to country road speed limit 35
[11:43] {Threei} feeling as if you could walk faster than you drive
[11:47] {dino} feelings, nothing more than feelings
[11:48] {peterg} Barbra Streisand song
[11:50] {peterg} maybe not, maybe some other singer.....
[11:51] {peterg} I used to be uncertain of myself, but now I'm not so sure.........
[11:51] {Threei} lol
[11:51] {dino} qcom stopped -.22
[11:53] {dino} met l .83
[11:54] {dino} ci l .30
[11:56] {Threei} F
[11:56] {Threei} REPORTS OCT US VEHICLE SALES -30.2% V -32%E
[11:56] {dino} lol peterr
[11:57] {dino} think it was helen ready
[11:57] {magoo} ready =redy
[11:58] {Chaeron} now you guys have me yearning for my "Carpenter's Christmas" album
[11:58] {dino} out met .03, +.20
[11:59] {cosmo} Kingston Trio had a good one
[12:01] {dino} why do birds, suddenly appear
[12:01] {patience} everytime, magoo is near?
[12:01] {Chaeron} lol
[12:01] {dino} lo
[12:01] {dino} l
[12:02] {Chaeron} dino likes "Muskrat Love" & "Afternoon delight" too
[12:02] {patience} don't we all?
[12:03] {Chaeron} lol
[12:03] {dino} roflol, wow thats going back
[12:04] {peterg} Hoagy Carmichael, Jimmy & Tommy Dorsey
[12:04] {peterg} random associations
[12:04] {magoo} detroit rock city
[12:05] {peterg} the red-headed league
[12:07] {Threei} UAUA drawn-out consolidation between .80 and .95
[12:07] {dino} wynn blood
[12:07] {Threei} looks nice for break and spike - IF market gains upward momentum
[12:10] {Threei} watch LVS here
[12:10] {Threei} if WYNN bounces, LVS should give a scalp off 15
[12:11] {dino} penn s sm .15 stop hod
[12:13] {dino} hey 3i, do you not see what i am doing
[12:13] {dino} :)
[12:14] {dino} wynn wants lower imo
[12:14] {lisa_jay} Range scalping?
[12:14] {dino} yes back to scalp mode again lisa
[12:14] {Threei} sorry, I must have fell asleep
[12:14] {Threei} oh I see
[12:14] {Threei} venturing into my territory
[12:15] {dino} no shorted penn casino
[12:15] {Threei} unfortunately I don't have $1+ plays today, can't have my revenge
[12:16] {Threei} ah
[12:16] {Threei} CHRYSLER'S NARDELLI: INDUSTRYWIDE, OCT US SALES WILL BE DOWN ABOUT 31%
[12:16] {dino} me neither, so adapting
[12:17] {Threei} anyone found LVS entry, be satusfied with scalp
[12:18] {magoo} magoo kicks mkt in arse
[12:18] {Threei} market shapes up as a break...
[12:18] {Threei} maybe magoo helps
06[12:19] * Threei hands magoo steel-toed heavy duty army boots
[12:19] {magoo} magoo laces up 3i boots here
[12:19] {Threei} Porsche hurts
[12:19] {Threei} REPORTS OCT US SALES -50% TO 1,427 UNITS
[12:19] {Geo} in .13 out .25
[12:20] {Threei} wtg Geo
[12:20] {magoo} hope they are still around when i can finally afford one..say 2018
[12:20] {Threei} kidding?
[12:20] {Threei} in 2018 we all will be driving supersmall cars, potatoe-sized
[12:20] {dino} lol
[12:21] {Threei} running on oil left over after deep frying that same potatoe
[12:21] {dino} and drinking potatoe vodka
[12:21] {magoo} not me..ill find an old used porsche say 1999
[12:21] {dino} ci stop to b/e
[12:24] {dino} ci to .42
[12:24] {Threei} NSANY
[12:24] {Threei} REPORTS OCT US SALES DOWN 33% Y/Y
[12:24] {Threei} time to get my new Nissan is almost there I think
[12:24] {dino} dieeeeeeeee penn
[12:24] {Threei} DAI
[12:24] {Threei} REPORTS OCT MERCEDES-BENZ US SALES DOWN 25% Y/Y
[12:25] {Threei} Short Setup: LVS 15 break half lot
[12:26] {Threei} stop above .20
[12:26] {Threei} argh... not availabe
[12:26] {Geo} or wynn
[12:27] {magoo} magoo kicking and kicking mkt
[12:27] {magoo} these boots are heavy vad
[12:27] {Threei} nice kick
[12:27] {Threei} yes magoo... but effective
[12:28] {dino} out ci .57, +.27, stopped wynn .31 -.16
[12:38] {dino} hugh?
[12:38] {dino} thin
[12:38] {Threei} no news since August 11
[12:39] {Threei} LVS 1:2 almost
[12:39] {dino} ty
[12:39] {Threei} anyone had it available for short?
[12:40] {lisa_jay} not here.
[12:40] {dino} ah, oh
[12:40] {Threei} ok... good for paper trade in educational purposes then
[12:40] {dino} i put dave's gormet temporary insanity hot sauce on my lunch, and it's hot
[12:41] {lisa_jay} Vad, LVS desc. triangle?
[12:41] {Threei} Toyota is not faring much better
[12:41] {Threei} REPORTS OCT US VEHICLE SALES -25.9% Y/Y
[12:41] {dino} one more pop on hugh
[12:41] {Threei} DBI, descending traingle, breakdown of descending channel
[12:42] {Threei} inverted C&H
[12:42] {dino} i'm waiting for buy one get one free
[12:42] {Threei} all short formations you could think of in one flask
[12:43] {lisa_jay} Ok, thanks Vad.
[12:43] {dino} risky sm s hugh .24
[12:44] {dino} stop hod
[12:47] {Threei} HIG
[12:47] {Threei} SENIOR DEBT RATING CUT AT MOODY'S TO A3 FROM A2
[12:48] {Threei} this one is available
[12:48] {Threei} .55 short half lot if holding under .75
[12:50] {Threei} 1:1, cover half, scalpers get out
[12:50] {Threei} stop to .61 for the balance
[12:52] {Threei} 1:2
[12:52] {Threei} feel free to cover as see fit
[12:52] {Threei} 40 cents is 40 cents
[12:52] {dino} penn s .00
[12:52] {Chaeron} beauty Vad... sorry I missed tho
[12:52] {Threei} anyone got it?
[12:53] {lisa_jay} Nope, not my day today...missing everything.
[12:53] {Geo} 15 here
[12:53] {Threei} this one was not that fast
[12:53] {Threei} and gave second chance twice
[12:53] {dawg} 26 here
[12:53] {lisa_jay} Was away from desk for a few minutes...my fault.
[12:54] {Threei} ah
[12:54] {Threei} LVS educational short... frikin 75 cents
06[12:54] * Threei slaps laserdave1 around a bit with a large trout
[12:55] {Geo} hey vad did ya know?
[12:56] {Threei} trees grow upward?
[12:56] {Geo} inelliscan working on genesis laser robot beta?
[12:56] {Threei} huh?
[12:56] {Threei} I don't even understand the question :)
[12:57] {Geo} http://www.trade-ideas.com/Partners.html
[12:57] {Geo} genesis in beta
[12:57] {Threei} it's just linking?
[12:58] {Threei} linking works
[12:58] {Geo} auto trading lord vader
[12:58] {Threei} don't care about that
[12:58] {Geo} i know.... just an update
[12:58] {Geo} :)
[12:58] {Threei} why would I want a scanner signal go directly to execution without me looking at the chart and decising
[12:59] {Geo} pros and cons vad......
06[12:59] * Geo is a lowly messenger
[13:00] {Geo} vads the decidere
[13:01] {dino} your nose bleeding geo? you got tagged
[13:01] {Geo} ?
[13:01] {dino} by vad
[13:01] {Geo} what can i say
[13:02] {dino} :)
06[13:02] * Geo is on a politeness mission
[13:03] {Threei} careful Geo... ARRS the dog asked for your home address, and so far I withheld it
[13:03] {Geo} see dino?
06[13:03] * Geo is doubly polite
[13:04] {Threei} but being a day trader, Ive been known to change my mind on a dime
[13:04] {dawg} dogs?
[13:04] {Geo} lol
[13:04] {Geo} come to thinks of it vad
[13:04] {dino} penn stopped -.09, done w/it
[13:04] {Geo} now i cant even make this statement now th a nicknameat we hav
[13:05] {Geo} wow
[13:05] {Geo} now that we have a nickname dawg
[13:05] {Geo} :)
[13:05] {dawg} Yelp!
[13:09] {Threei} UAUA, feel free to take profit
[13:09] {Threei} can't read it after this spike
[13:10] {Threei} need pullback or consolidation
[13:13] {Threei} hardcore scalpers only:
[13:14] {Threei} wtch UAUA for this interesting pattern,
[13:14] {Threei} it teleports suddenly very low, then jumps back just as suddenly
[13:14] {Threei} from 30.s to .11
[13:14] {Threei} pause,
[13:14] {Threei} if you grab it quickly, it's above .20 next second
[13:15] {Threei} quick and easy one hundred bucks
[13:15] {Threei} but only if you are quick and efficient scalper
[13:15] {Threei} impossible to call in time, happens in a shake of lamb tail
[13:23] {Geo} in .12
[13:23] {Geo} out .24
[13:23] {Threei} there you go
[13:23] {Geo} scary though
[13:23] {Geo} did half lot
[13:24] {Threei} new for you method of trading, of course test it with smaller shares
[13:24] {Geo} Qs helped
[13:24] {Threei} but you saw how effective and quick it was
[13:24] {lisa_jay} Where would the stop be for this kind of trade Vad?
[13:24] {Geo} y
[13:24] {Threei} under 16
[13:25] {Threei} this is not a pattern that exists on many stocks
[13:25] {Threei} and even on UAUA it doesn't happen every day
[13:25] {Threei} but when it starts occuring, it continues for a while
[13:25] {Threei} so, matter of observation
[13:26] {Threei} keep also in mind, the range of such "teleportations" changes
[13:26] {Threei} it won't necessary be .10 - .25 next time
[13:27] {Threei} with marker weakening it can easily go to about 16,
[13:27] {Threei} adjust accordingly
[13:33] {Geo} hmmm
[13:33] {Geo} didnt know they were introducing 3x etfs
[13:36] {Geo} http://www.indexuniverse.com/sections/newsinfocus/10-news-in-focus/4080-direxions-triple-threat.html
[13:41] {dino} cov hugh +.40
[13:42] {Threei} wtg
[13:42] {dino} wyn sm l .85
[13:45] {dino} deck, decked
[13:47] {Threei} yawn
[13:48] {Threei} here is another UAUA teleport
[13:48] {Threei} probably will do one more
[13:48] {Threei} too long pause
[13:49] {Threei} anyway, grabbed .08
[13:49] {Threei} stop under 16
[13:49] {Threei} aiming to exit around .20
[13:51] {Threei} out .22
[13:51] {Geo} lets call this one the teleporation gap
[13:52] {Threei} I call it "the easiest $140 I made today"
[13:52] {Geo} lol
[13:52] {Threei} no seriously... how much easier can it get?
[13:55] {Threei} OK... here comes GM... hold onto your seats
[13:55] {Threei} REPORTS OCT VEHICLE SALES -45% V -39%E (UNADJUSTED BASIS) TO 171K UNITS FROM 310K Y/Y
[13:55] {Threei} - The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.
[13:55] {Threei} - Dealer stocks -15% y/y to 799K vehichles
[13:55] {Threei} - Affirms Q4 production forecast at 875K vehicles -15% y/y
[13:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[13:56] {Threei} who the heck is buying these endless seas of cars?
[13:57] {dino} hugh s .83
[13:57] {Threei} market weaker and weaker... next teleportation should probably wind down below 16
[14:01] {Threei} letting it dive lower this time
[14:01] {Geo} so vad did ya figure it out?
[14:01] {Threei} this was usual slide, not teleportation
[14:01] {Geo} cuz i still have that Q
[14:02] {Threei} why trees grow upward?
[14:02] {Geo} 10:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[14:02] {Threei} oh
[14:02] {Threei} no, not really
[14:02] {Threei} still mystery to me
[14:03] {Threei} thousands and thousands of them, and every year they clear out inventory and get new year models in
[14:03] {Threei} and there are a lot of used ones as well
[14:03] {Threei} and all this somehow gets cleared,
[14:03] {Geo} yup
[14:03] {Threei} yet this is not a tothbrush,
[14:03] {Threei} you don't buy new one a few times a year
[14:05] {Threei} even if you include guys like me in equation who lease their cars,
[14:05] {Threei} it's a new car every 3-4 years
[14:05] {Threei} but still, YEARS, not MONTHSA
[14:06] {Threei} SALES CHIEF: SEASONALLY ADJUSTED ANNUAL RATE (SAAR) AT 10.8M IN OCT, THE LOWEST SINCE 1982; INDUSTRY SALES DROP IS "FRIGHTENING" - CONF CALL
[14:06] {Geo} frightening enuff to refuse bonus?
[14:07] {Threei} sacred cows are called sacred for a good reason
[14:07] {Threei} bonus is untouchable
[14:13] {dino} lol
[14:14] {Threei} noticed? same pattern as Friday,
[14:15] {Threei} no order for a while, then cluster of trades comes along,
[14:15] {Threei} then no rhyme or reason again
[14:19] {dino} y
[14:24] {Threei} Short Setup: QCOM .79 half lot is stays below .90
[14:24] {Threei} if NQ drops sharply, grab aggressive entry
[14:27] {Threei} in .88, stop .95
[14:29] {Threei} no worky
[14:33] {Threei} LVS sudden jump
[14:33] {Geo} grabbed hig break of 15
[14:33] {Geo} too fast to call
[14:34] {dino} hugh stopped flat
[14:35] {Threei} good one Geo
[14:38] {amarg} what is nq
[14:38] {Threei} NASDAQ e-minis
[14:39] {Threei} just an indicator of NASDAQ movement
[14:42] {Geo} hig drop
[14:42] {Threei} UAUA is consolidating near the high again
[14:44] {Threei} Long Setup: UAUA .50 break, risky one
[14:44] {Threei} stop under .35
[14:46] {dino} sm l deck .85
[14:47] {Threei} wow LVS
[14:48] {lisa_jay} took it for a small scalp
[14:57] {Threei} stop to under .40
[14:59] {Threei} out
[14:59] {Threei} market goes for new lows
[15:00] {Threei} GM
[15:00] {Threei} OCTOBER SALES LEVEL 'NOT SUSTAINABLE' FOR THE AUTO INDUSTRY - CONF CALL
[15:01] {dino} so, i guess it gets worse if not sustainable
[15:01] {Threei} FED'S FISHER: CREDIT CONDITIONS ARE 'VERY TIGHT', DEMAND IS FALLING, EXACERBATING DOWNWARD SLIDE OF US ECONOMY; HAVE ENTERED A PERIOD OF 'IRRATIONAL FEAR' - TV INTERVIEW
[15:01] {Threei} - Remarks that Credit system is 'blocked'; the credit crunch is blunting the effectiveness of the Fed's rate cuts, will take time for effects of Fed actions to 'take hold', inflationary forces have 'vaporized'.
[15:01] {Threei} - Sees personally that there may be no economic growth through 2009.
[15:01] {Threei} - says may see several months of negative headline inflation, but not a deflationary trend.
[15:01] {Threei} - says Fed's balance sheet may reach $3T by year end, and 'not out of the woods' even as LIBOR declines
[15:01] {Threei} - Notes that a 'new arrangement is necessary for currencies'
[15:01] {dino} deck stopped. afternoon i'm cold
[15:01] {dino} taking break
[15:01] {Onix} I made it in for lunch ... not much happening?
[15:01] {lisa_jay} cvs range
[15:02] {dino} nope
[15:04] {Threei} QCOM fooled us eh
[15:09] {Chaeron} 4
[15:09] {Threei} you sure?
[15:09] {Threei} not 3? not 5?
[15:10] {Chaeron} 3.997528
[15:10] {Geo} uaua back
[15:10] {dino} hugh spikes
[15:10] {Chaeron} sorry wrong window :)
[15:15] {Threei} UAUA is back to teleportations
[15:18] {Threei} if market is done dropping, UAUA is going higher today
[15:18] {Threei} but finding entries is tricky
[15:19] {Threei} not really a breakout stock
[15:24] {Threei} .54 - 67
[15:24] {Threei} teleportation scalp
[15:30] {Threei} listless second half of the day... morning was much better
[15:30] {Threei} I suspect tomorrow will be much the same
[15:30] {Chaeron} just don't forget to vote
[15:31] {Threei} what do I have to do with your vote :)
[15:31] {Threei} I am spectator
[15:31] {Chaeron} same thing a ton of illegal aliens do... THEY'RE voting, why not you? :)
[15:31] {Geo} i am sure acorn can accomodate you vad
[15:31] {Chaeron} see?
[15:31] {Chaeron} dino? you agree?
[15:31] {Threei} lol
[15:32] {Chaeron} even ppl from Lebanon calling to support their choice...
[15:32] {Chaeron} why not canada?
[15:33] {Geo} in exchange well take the land
[15:33] {dino} acorn will register you vad
[15:33] {dino} same signature on thousands of democrat registrations, dead people, people who don't exist, etc.
[15:34] {dino} what kills me is they same voters should not have to produce id
[15:34] {dino} same=say
[15:34] {Threei} well
[15:34] {dino} they say its a hardship on the poor
[15:34] {Geo} dems learnt their lessons well
[15:34] {Threei} you guys tell me tomorrow if my vote will be decisive one
[15:34] {dino} it's basically so fraud can happen
[15:35] {Threei} and I'll run and vote
[15:35] {Geo} they spent more on state secretary election than ever before in hostory
[15:35] {Geo} history
[15:35] {Geo} ask em why and they will say harris florida
[15:36] {dino} i fear a return to carter years here
[15:36] {Geo} ugh
[15:36] {Geo} (not that i have memory)
[15:37] {dino} raise taxes, kill business, kill investment
[15:37] {dino} top rate to 49%
[15:37] {Geo} man
[15:37] {dino} cvap. gains to 30% from 15%
[15:37] {dino} capital
[15:38] {Threei} I hate LVS
[15:39] {Threei} how does it manage to stage such unreadable moves?
[15:39] {Chaeron} [12:35] {Threei} and I'll run and vote {{{ I think you should just run...
[15:39] {Threei} CNBC'S GASPARINO REPORTS OBAMA CONSIDERING LARRY SUMMERS AND THE FED'S TIM GEITHNER AMONG OTHERS FOR TREASURY SECRETARY
[15:39] {Threei} - Fomer Treasury Treasury Sec Volcker, BLK's Larry Fink, JPM's Dimon also supposedly being considered
[15:40] {Threei} Volcker??
[15:40] {Threei} isn't he about 80?
[15:40] {Chaeron} hmmm... will he suggest that to McCain when he and Sarah win?
06[15:40] * Geo slaps Chaeron around a bit with a large trout
[15:40] {cosmo} vogons live long
[15:40] {lisa_jay} I hate my h...
06[15:40] * Geo is vad's lackey
[15:40] {lisa_jay} oops did i just say that aloud...sigh
[15:40] {Chaeron} h...? LJ?
[15:41] {lisa_jay} was about to enter order at .05 LVS and got distracted.
[15:41] {Geo} i think vad missed your comment chaert
[15:41] {Chaeron} yeah... he has me on ignore
[15:41] {Threei} but of course
[15:41] {Threei} ignoring chaeron is my second favorite thing
[15:41] {Threei} first of course being:
[15:41] {Chaeron} ignoring magoo
06[15:41] * Threei slaps magoo around a bit with a large trout
[15:41] {Chaeron} lol
[15:41] {dino} lol
[15:42] {Threei} SOLF new surge
[15:42] {cosmo} green...green
[15:42] {Threei} more and more looks like solars will get a good kick if Obama wins
[15:43] {Chaeron} short coal tho
[15:43] {Geo} i just want it to be over
[15:43] {cosmo} long infrastructure?
06[15:43] * Geo cant stand all the hate
[15:43] {dino} short heathcare, health insurers, etc
[15:43] {dino} short oil, etc
[15:44] {dino} short it all
[15:44] {Chaeron} yep
[15:44] {Geo} lol
[15:44] {lisa_jay} Ok, will trout to relieve frustration.
06[15:44] * Chaeron slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} don't wanr... just do
06[15:44] * Geo slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} warn
[15:44] {lisa_jay} Snap out of it!
[15:44] {Threei} hmmm
06[15:44] * dino slaps lisa_jay around a bit with a large trout
[15:44] {Threei} do we slap girls around here?
06[15:44] * Geo slaps lisa_jay with a snapper
[15:45] {lisa_jay} Prefer Salmon..
[15:45] {Geo} oh and how do yo know i am not one too?
[15:45] {Chaeron} magoo set precedence with Patience
06[15:45] * Geo agrees
[15:45] {lisa_jay} Vad, how does one trout?
[15:45] {Chaeron} how do you all know I'm not Sharon?
[15:45] {Threei} easy lisa:
[15:45] {Geo} as in the Israeli sharon?
[15:45] {lisa_jay} Hairy legs give it away Chaeron.
[15:45] {Threei} click on the nick of the one to be trouted,
[15:46] {dino} and how do you know i'm not sarah palin?
[15:46] {Threei} right click,
[15:46] {Chaeron} shucks
[15:46] {Threei} at the bottom of dropdown menu you'll see slap
[15:46] {Chaeron} but they're nice hairy legs
[15:46] {Geo} ewww dino
[15:47] {dino} :)
[15:47] {lisa_jay} ok,my right click not working...it's a conspiracy.
[15:47] {dino} say it ain't so joe
[15:47] {Chaeron} ???? Larisa?
06[15:47] * Chaeron slaps Larisa1 around a bit with a large trout
[15:47] {Geo} hehehehe
[15:47] {Chaeron} is that you Lars?
[15:47] {Geo} lol
[15:47] {Threei} I thought you gone blind chaeron
[15:48] {Geo} hig wow
[15:48] {Threei} market pretty much took a breather today
06[15:48] * lisa_jay slaps Chaeron around a bit with a large trout
[15:48] {Threei} early plays were good
06[15:49] * lisa_jay slaps Geo around a bit with a large trout
[15:49] {Threei} after that it was each man for himself
[15:49] {Threei} good job lisa
[15:49] {Geo} barely madse 50 bucks today
06[15:49] * lisa_jay slaps dino around a bit with a large trout
[15:49] {Threei} 50?
[15:49] {Geo} yeah
[15:49] {Larisa1} hi to you too Chaeron, you forgot how to be polite without me :)
[15:49] {Threei} polite?
[15:49] {dino} chtt sm l .44
[15:49] {Chaeron} it IS you!!!!!!!!!!!!!!!!
[15:49] {Threei} that's one word this rtoom won't even tolerate
[15:49] {Geo} and dog
[15:49] {Larisa1} not talking to you, Threei, you never knew :)
[15:49] {Geo} oooh
[15:49] {Threei} nope, not really
[15:50] {Threei} but hey... I was always very good at being impolite
[15:50] {Threei} does that count?
[15:50] {Larisa1} yes, lets count it
[15:51] {Chaeron} Larisa, I keep getting told I am the most polite here and been trouted for it too
[15:51] {Larisa1} lol
[15:51] {Chaeron} I've even said, "Be glad Larisa isn't still here."
[15:52] {Threei} well, I'll be interested to see wherher 3 girls in the room make you bandits more civilized
[15:53] {Threei} I am afraid I know the answer though
[15:53] {Chaeron} Larisa wields a mean trout and meaner look-to-kill
06[15:53] * Geo starts spitting and polishing his tie
[15:55] {dptl} have a good evening all :)
[15:55] {lisa_jay} bye dp
[15:56] {Threei} if list of separate solars is a chanllenge, TAN may be one you want to trade
[15:56] {Threei} solar ETF
[15:56] {Threei} take care dp
[15:56] {Threei} SOLF 8
[15:58] {dino} keep in mind 3i, election not over until tomorrow night
[15:58] {Threei} yes
[15:58] {Threei} that's why I said tomorrow is likely to be much of the same
[15:59] {dino} ok
[15:59] {lisa_jay} Vad, Dcc please
[15:59] {Threei} CHRYSLER NOTES THAT WORST OF THE 'STORM' IS DONE
[15:59] {Threei} - Suports government tax incentive to help sales, whereby loan interest may be deducted from taxes
[15:59] {Threei} - Does not attribute declining sales to merger rumors
[15:59] {dino} out chtt .22 -.21
[16:00] {dino} .22
[16:00] {dino} having trouble on mondays, it seems a pattern may be building
[16:01] {Threei} Ok guys, thank you all
[16:01] {Threei} have a great evening, see you tomorrow
[16:03] {dino} ok, calling it a day, thx all
[16:03] {lisa_jay} Bye Dino.
[16:03] {dino} :)
[16:04] {_maga} bye everybody
[16:04] {dino} follow vad newbies, the guy is a machine
[16:05] {peterg} gnite team
[16:05] {peterg} dino is a machine too
[16:05] {dino} lol peter. not today
[16:06] {peterg} theres always tmo!
[16:09] {dino} indeed, i will do better
Session Time: Mon Nov 03 00:00:00 2008
[07:47] {amarg} hello vad
[07:47] {amarg} hello dptl and geo
[07:48] {lisa_jay} Hi Amar....are U from the East coast?
[07:48] {amarg} hello lisa, texas
[07:49] {amarg} I'm new to vad's trading, joined on friday, for the most part, just watched you guys talk on friday
[07:50] {amarg} have you guys been around this platform for a while, and what's your overall opinion?
[07:50] {lisa_jay} I am new too...only been trading 2 weeks with Vad.
[07:51] {amarg} I'm waiting for the study material package and went through the online reading,
[07:51] {lisa_jay} Did you get his course?
[07:51] {lisa_jay} Oh sorry...once you get the course a lot of Vad's calls will make sense.
[07:52] {amarg} do most people in your opinion trade based on vad's recommendations or when he produces a signal or do the materials teach you to generate those on your own
[07:53] {amarg} dptl and geo, maga, if you aren't busy, your comments would be well appreciated as well
[07:54] {amarg} lisa are you trading with mbtrading or who? what tools you use to call trades?
[07:55] {lisa_jay} I think most of the traders here take some of their own trades as well. Keep in mind that they have a lot of experience on their own and with Vad.
[07:55] {lisa_jay} They just don't post them all the time since they take on more risk (Aapl, bidu, goog etc) and are not for novice. I for one stick to Vad's calls mostly.
[07:56] {lisa_jay} Example Dino trades capitulation and euporia - but with very strict stops....
[07:56] {lisa_jay} I think.
[07:57] {lisa_jay} Amar, talk to Vad about the best trading platform to use. I don't use MB trading.
[07:58] {_maga} hi everybody, I'm new too. today is my first day. so I cannot judge but I loved Vadym's books a lot!
[07:58] {_maga} #floor Cannot send to channel
[07:58] {amarg} thank you, my goal is to learn a program or techniques to be able to make more right calls than before, without that I feel all we do is gamble
[07:59] {lisa_jay} Yes.
[07:59] {amarg} so any comments on checking out whatever tools to better your probabilities is well appriciated
[07:59] {_maga} I agree
[08:00] {amarg} man, was I wrong on thinking that market was going down to test 7500 and hoping that DXD will head further up, while it fell by 20 points last week
[08:04] {magoo} morning
[08:04] {lisa_jay} Hi Magoo.
[08:22] {Threei} Good morning
[08:23] {Threei} 11/03/08 06:00am
[08:23] {Threei} [DRYS] DryShips, Inc Reports Q3 $3.53 v $3.60e, R $329M v $306Me
[08:23] {Threei} - Q3 Net voyage revenue $228.2M v $140.5M y/y
[08:23] {Threei} - Sees Q4 costs of $7.9M for dry docking
[08:23] {Threei} - Firm has total liquidity of $1.6B
[08:23] {_maga} good morning Vad
[08:23] {Threei} morning maga, welcome to the room
[08:23] {Threei} nice numbers and gap DRYS... but:
[08:24] {Threei} 08:13am Baltic Dry Bulk Index falls 2.8%, down 21 straight sessions (lowest reading since Feb 1999)
[08:24] {_maga} thank you
[08:24] {Threei} lasr week heroes are showing strength again this morning
[08:25] {Threei} UAUA and LVS
[08:25] {Threei} magoo, on AAPL:
[08:25] {Threei} FRIEDMAN BILLINGS MAKING CAUTIOUS COMMENTS ON IPHONE PRODUCTION (TIMING UNCERTAIN)
[08:25] {Threei} - Notes production could fall approx 40%
[08:26] {Threei} 8:22am, dropped whole point on this comment
[08:27] {Threei} just keep in mind your bellweather may disconnect from the rest of the market if players take tgis seriously
[08:29] {Threei} who hates this endless jerking the clock back and forth twice a year, raise your hand...
06[08:29] * magoo slaps Threei around a bit with a large trout
[08:29] {Threei} one hand, I see
[08:29] {tomg} speaking of clock, didn't there used to be a real time clock on Laser somewhere?
[08:29] {tomg} gm btw
[08:30] {Threei} morning tom
[08:30] {tomg} on level II, I thought
[08:30] {Threei} yes
[08:30] {Threei} window right under amount of shares
[08:31] {Threei} when you click on it it toggles between T and %
[08:31] {Threei} T is time
[08:31] {Threei} works on NASDAQ stocks only I think
[08:31] {tomg} ah, got it back, ty vad
[08:31] {amarg} you mentioned DRYS, is that a play for short sale based on baltic index?
[08:32] {Threei} not necessary
[08:32] {Threei} news is news... it's not always a sole reason for a play
[08:32] {Threei} reason to look, yes
[08:33] {Threei} all too often stock does opposite to what news suggests
[08:33] {Threei} which is a great opportunity to "fade the news"
[08:33] {Threei} price/information divergence...
[08:34] {Threei} http://www.realitytrader.com/blog/2008/10/information-price-divergence.html
[08:34] {amarg} since I'm new and not familiar with what are some of the usual symbols traded, can you throw out some symbols so that I can study them and be ready when you make a call
[08:35] {amarg} of course I imagine you follow a few stocks regularly
[08:35] {Threei} it's not like we have a firm list
[08:35] {Threei} but yes, some usual suspects appear now and then
[08:35] {Threei} and we play them regularly while they are active
[08:35] {Threei} lately, examples would be
[08:35] {Threei} UAUA
[08:35] {Threei} LVS
[08:35] {Threei} HIG
[08:35] {Threei} ADBE
[08:36] {Threei} then they run out of favor
[08:36] {Threei} new ones appear
[08:36] {Threei} about a year ago we played whole list of solars practically every day
[08:36] {Threei} haven't heard from them in quite a while
[08:36] {Threei} but I suspect they may be back in play on election outcomwe
[08:37] {Threei} or not... tape will tell
[08:37] {magoo} ty on aapl news vad
[08:38] {Threei} so let me get this straight... you trout me first, look later?
[08:39] {magoo} u got that right...whats the problem:)
[08:40] {Threei} none, I would worry about your health if it was any different
[08:47] {magoo} vad, news bidu?
[08:48] {Threei} 07:00am [BIDU] Announces $200M stock buyback (2.8% of market cap)
[08:48] {dawg} good morning everyone, new subscriber here
[08:48] {Threei} morning dawg, welcome aboard
[08:49] {dawg} Thank you Vad you have been doing a fabulous job from the logs
[08:49] {Threei} HOLDER WYNNEFIELD DISCLOSES KAHN CAPITAL HAS MADE A $6.05/SHR OFFER FOR WEDC AND URGES BOARD TO ACCEPT THE OFFER
[08:49] {Threei} hmmm... 6.05?
[08:50] {Threei} why is it available under 5?
[08:54] {lisa_jay} Good morning Vad.
[08:54] {Threei} lisa :)
[08:56] {Threei} LVS tested Fri high
[09:00] {lisa_jay} Citi Upgrades Chip Sector - analyst recommends QCOM, NVDA, INTC, ALTR, STM, IDTC
[09:02] {dino} good morning reality trader (robin williams/nam)
[09:02] {Threei} morning dino
[09:02] {patience} good morning guygs :)
[09:02] {Threei} patience :)
[09:02] {Onix} Good morning all
[09:02] {Threei} onix :)
[09:03] {lisa_jay} Hi Patience, Dino, and Onix
[09:05] {patience} good morning lisa, where do you live?
[09:05] {lisa_jay} CT.
[09:05] {patience} is it cold yet?
[09:05] {dino} :)
[09:06] {lisa_jay} Yes..should be nice today though (61)
[09:06] {dino} welcome to the jungle newbies
[09:06] {dino} follow vad to learn, imo. i trade on my own
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {lisa_jay} Hey Geo.
[09:07] {dino} thinking out loud, will the insurers offer more fun today
[09:07] {Onix} hi
[09:07] {Onix} geo
[09:07] {cosmo} SOLF maybe
[09:07] {_maga} tx Dino
[09:07] {Threei} Geo, you know who was asking for you on Fri, right?
[09:07] {Geo} ?
[09:07] {lisa_jay} :-)
[09:08] {Threei} starts with A
[09:08] {Threei} ends with S
[09:08] {Threei} and has RR in the middle
[09:08] {Geo} hehehe
06[09:08] * Geo respects alll animals
[09:09] {Threei} be back in 5
[09:12] {dino} np maga
[09:14] {Threei} one thing we need to gauge today is,
[09:15] {Threei} will market hesitate before the election or it pretty much made up its mind
[09:18] {dptl} good morning all
[09:18] {Threei} dp :)
[09:18] {Onix} Hi dp
[09:20] {Threei} uncertain opening so far
[09:20] {Threei} let's be patient as always
[09:20] {cosmo} 10 min i say
[09:20] {Threei} that's a certain spect of it, yeah
[09:20] {Onix} have not seen the market this calm for many months
[09:20] {Threei} yes... meek action
[09:21] {Threei} wait for good safe plays, no point in jumping with both feet while market decides
[09:22] {Onix} solid advice as always, ty
[09:23] {Threei} NVDA is green
[09:24] {Threei} not something I'd try to buy right out of the gate but worth keeping eye on
[09:24] {Threei} LVS and UAUA as usual, pullback buys rather than breakout
[09:24] {peterg} mornng team
[09:24] {Threei} peter :)
[09:25] {Onix} hi peter
[09:26] {peterg} hi
[09:26] {peterg} !
[09:28] {_maga} yes the same was here in Europe, the market was as calm as I was no more used to
[09:28] {cosmo} SOLF tests 6.50 at some point fwiw
[09:28] {Threei} rough waters became a norm, lol
[09:28] {Threei} qwe are uncomfortable in calm seas now
[09:29] {Threei} SOLF is a play if consolidates a bit, then breaks
[09:30] {ese} morning
[09:30] {Threei} ese :)
[09:31] {Threei} Long Setup: UAUA half lot .50 break
[09:31] {Threei} STOP UNDER .40
[09:31] {magoo} missed
[09:31] {Threei} too fast?
[09:31] {Threei} ok, don't chase
[09:31] {Threei} let it pull back
[09:31] {lisa_jay} Yes...is this pullback buyable?
[09:31] {Threei} market sharp red bar
[09:32] {Threei} LVS
[09:32] {Threei} watch for bounce from 15
[09:32] {Threei} no exact entry price, more of a gut play
[09:33] {Threei} in .95
[09:33] {Threei} stop under .80
[09:34] {Threei} UAUA .60 break long if stays above .50
[09:34] {Threei} half out LVS 15.20
[09:35] {Threei} stop to under 14.90 for the balance
[09:36] {Threei} offering balance .55
[09:37] {Threei} missed UAUA
[09:38] {Threei} out balance LVS
[09:38] {Threei} Long Setup: SOLF .57
[09:39] {magoo} dam
[09:39] {Threei} stop under .45
[09:39] {magoo} missed solf
[09:39] {Geo} y
[09:39] {Onix} ty Vad, got 70c LVS on 100 sh
[09:39] {Threei} :)
[09:39] {Threei} anyone got SOLF?
[09:39] {Threei} if not I won't trackl it
[09:40] {lisa_jay} Not me.
[09:40] {ese} missed it as well
[09:40] {peterg} nope
[09:40] {Threei} OK
[09:40] {Threei} UAUA
[09:40] {magoo} rimm news vad
[09:40] {lisa_jay} lvs
[09:40] {Threei} nears that total breakout at 16
[09:40] {lisa_jay} sorry, wrong screen
[09:40] {lisa_jay} lvs
[09:40] {Threei} this is risky one
[09:40] {Threei} but daily is fantasic
[09:40] {Threei} C&H
[09:40] {Threei} le'ts try and structure it on both intraday and daily
[09:41] {Threei} Long Setup: UAUA 16 break if stays above 15.80
[09:44] {Onix} in UAUA @ 15.99
[09:45] {amarg} should i catch uaua if it comes near 16
[09:45] {ese} bstopQQQQ 33.03
[09:46] {Threei} yes, just not on a price alone - make sure it shows strength and reverses back up
[09:46] {Threei} but it doesn't look like it will
[09:46] {ese} l Q's .03
[09:47] {Threei} sold any Onix?
[09:47] {Onix} 1/3 @ .27
[09:48] {Threei} :)
[09:50] {dino} nstc sm l .00, stop lod
[09:53] {Threei} Long Setup: LVS .85 half lot
[09:53] {Threei} if stays abovce .70
[09:57] {Threei} half out UAUA .40
[09:58] {Threei} stop under 16
[09:58] {Threei} not a scalping play for me
[09:58] {Threei} aiming to sell 1/4 more at .75
[09:58] {Threei} and last portion above 17
[09:58] {Onix} out 1/3 more UAUA @ .47
[09:58] {Threei} {--- greedy
[10:00] {Onix} stopped lvs
[10:00] {Threei} LVS stopped
[10:00] {dawg} LVS stopped
[10:00] {Threei} SEPT CONSTRUCTION SPENDING (M/M): -0.3% V -0.8%E
[10:00] {peterg} made +.07 on LVS thks
[10:00] {Threei} OCT ISM MANUFACTURING INDEX: 38.9 V 41E; PRICES PAID: 37 V 48E
[10:00] {Threei} - Employment Index: 34.6 v 41.8 prior
[10:00] {Threei} - New Orders Index: 32.2 v 38.8 prior
[10:02] {magoo} going red boss
[10:03] {Onix} all out UAUA
[10:03] {Threei} I don't mind
[10:04] {ese} stopped Q's _.19
[10:04] {ese} ARGHHHHHH
[10:05] {ese} -.19 that is
[10:06] {dino} hl ceph l .00
[10:07] {peterg} hl?
[10:07] {Threei} half lot
[10:07] {peterg} tkis
[10:07] {dino} ceph stopped -.24
[10:10] {dino} qcom l sm .53
[10:10] {dino} stop is lod
[10:10] {Onix} Vad, you still in UAUA?
[10:10] {Threei} half
[10:11] {Threei} [09:57] {Threei} half out UAUA .40
[10:11] {Threei} [09:58] {Threei} stop under 16
[10:11] {Threei} [09:58] {Threei} not a scalping play for me
[10:11] {Threei} [09:58] {Threei} aiming to sell 1/4 more at .75
[10:11] {Threei} [09:58] {Threei} and last portion above 17
[10:11] {dino} kbr l .25, stop .99
[10:12] {Threei} Long Setup: NVDA 9.11 if stays above 9
[10:12] {dino} ice?
[10:14] {Threei} chart is short on 81.50 break... but you know how volatile this one is
[10:15] {Threei} GERn... I asssume is a play on stem cells supposed strength on election outcomwe
[10:15] {Threei} GERN
[10:16] {Threei} SOLF got away from us big time eh?
[10:17] {Chaeron} nvda
[10:18] {Chaeron} oops... Good morning all
[10:18] {Threei} good morning to you too chaeron
[10:19] {dino} ice sm l .55
[10:20] {dino} out ice .95, +.409
[10:20] {magoo} morn cvharbroil
[10:21] {dino} sm ceph last try .00 l
[10:21] {Chaeron} hey 3i, mags :)
[10:22] {ese} mags......
[10:22] {ese} i mean CHHHH...
[10:22] {Chaeron} heheh ese :)
[10:24] {Threei} done with UAUA balance
[10:24] {Threei} may get back to this play but so far too unclear
[10:25] {dino} qcom stopped -.26
[10:25] {lisa_jay} Choppy today
[10:26] {Threei} yup
[10:26] {amarg} stopped lvs at 9
[10:27] {lisa_jay} CVS
[10:27] {Threei} ?
[10:27] {Threei} 9?
[10:27] {_maga} LVS or NVDA?
[10:27] {amarg} i had a stop loss on nvda at 9 , filled, sorry it was nvda not lvs
[10:27] {Threei} ok
[10:28] {Threei} not particularly important in this case, but stop should have been under 9, not 9 itlself
[10:28] {Threei} loss of support signifies stop
[10:28] {Onix} stopped NVDA
[10:29] {amarg} so what would be your advice, activate price 9, become market at ?
[10:29] {Threei} under 9
[10:29] {Threei} 8.99
[10:29] {amarg} ok
[10:30] {Threei} market or limit, this is different matter altogether
[10:30] {Threei} why not exwecute it manually?
[10:31] {dptl} eslr
[10:31] {amarg} well, i put in the stop order otherwise, when it's hovering around 9 or 8.99, the hope attaches that it won't go down, and it usually does and to avoid possibility of more loss, I place the order to stop as soon as I buy, what you think?
[10:32] {Threei} well, if you suspect you may have psychological troubles taking a stop - then by all means use hard stop until you get more confidence in your self-discipline
[10:33] {Threei} from pure trading standpoint, I prefer manual stops
[10:33] {dino} lol amarg, you sound a bit like me
[10:33] {amarg} ha ha
[10:34] {dino} i'm generally an idiot is i don't use hard stops
[10:34] {dino} xtex blood
[10:35] {Threei} Long Setup: HIG .50 break half lot if stays above .30
[10:35] {Threei} fast and risky
[10:36] {elpaso} hig
[10:36] {dino} met l .50
[10:38] {magoo} in hig vad
[10:38] {Threei} out .75, full or half, whatever you prefer, half for me
[10:38] {Threei} stop to under .50 for the balance
[10:38] {magoo} wait .94 here
[10:39] {Threei} .95 for me
[10:39] {Threei} just to have bragging rights of beating you by 1 cent
[10:41] {dino} nice hig
06[10:41] * Threei kicks HIG in the rear
[10:41] {Threei} was that a kick or was that a kick
[10:41] {Threei} out .95
[10:41] {magoo} nice kick..out here .94 TY
[10:41] {Onix} yes nice HIG, was just too fast for me
[10:42] {lisa_jay} I am too slow this morning.
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
[10:42] {Threei} sigh
[10:42] {Threei} abuse I take...
06[10:43] * Chaeron slaps laserdave1 around a bit with a large trout
[10:43] {laserdave1} i have been planning that attack all weekend
[10:43] {Threei} good plan... worked
[10:43] {laserdave1} was practicing keys and doing speed drills on weekend
06[10:43] * laserdave1 slaps Chaeron around a bit with a large trout
[10:43] {Chaeron} gotta get a life Dave.
06[10:43] * laserdave1 slaps magoo around a bit with a large trout
[10:43] {Threei} I need to stop relaxing over the weekend, and prepare my defenses
[10:46] {ese} long CSIQ on pullback. .70
[10:46] {dino} markets confused
[10:47] {dino} or maybe just me
[10:47] {dino} out ceph .30, +.30
[10:47] {ese} I think they are confusiated
[10:47] {dino} confusal, oh bother
[10:50] {Threei} rofl
[10:50] {Onix} ty dino, I got +.47 on 100 sh in MET
[10:51] {dino} stopped met .99, +.49
[10:51] {Onix} off to work now, by
[10:51] {ese} out CSIQ .95 +.25
[10:52] {Threei} nice ese
[10:52] {_maga} solf
[10:52] {Threei} solars get traction
[10:52] {ese} see ya onix.....will be doin same shortly
[10:52] {ese} tks vad
[10:53] {Threei} big move FSLR
[10:53] {dino} gj onix, .49 for me
[10:53] {Threei} lol, look at this
[10:53] {Threei} HEARING JEFFERIES MAKES POSTIVE COMMENTS THIS MORNING (TIMING UNCERTAIN)
[10:53] {Threei} LVS
[10:54] {Threei} good morning Jefferies
[10:54] {Threei} can you say late to the party?
[10:54] {dino} timing uncertain...one way to cover their butts
[10:55] {Threei} uhhu
[10:55] {Threei} it works - told ya, it was a buy... it doesn't - told ya timing was uncertain
[10:55] {tomg} uaua?
[10:55] {Threei} by the way magoo... phone just rang, HIG called me an idiot, made evilish laughter and hung up
[10:56] {dino} thats why they make the big bucks
[10:56] {Threei} UAUA is scalp on bounces tom, no real read
[10:56] {Threei} etier you get a feel for a brief reversal to scalp or stay away
[10:56] {tomg} ty
[10:57] {magoo} dam vad...i wasnt even watching HIG
[10:57] {Threei} such major break as earlier 16 deserved much bigger move than 50 cents
[10:57] {magoo} had to show me eh?
[10:57] {Threei} drop back under it that far doesn't bide well for continuation
[10:57] {Threei} yes mags
[10:57] {Threei} why should I suffer alone
[10:58] {dino} met s .75
[10:59] {dino} cov -.15 no good
[11:00] {dino} l .00
[11:01] {Threei} listless range-bound market last hour
[11:01] {Threei} not pushing, waiting for something to shape up
[11:02] {dino} feels up imo
[11:02] {Threei} sure does
[11:03] {magoo} posilutely says dubya
[11:04] {Threei} CNN poll of polls has race tightened to 2 points
[11:04] {Threei} so there is a lot of uncertainty
[11:04] {dino} and down it goes
[11:05] {magoo} rimm back to old ways vad
[11:05] {magoo} finally
[11:05] {Threei} want to try .50 break?
[11:11] {dino} ci l .85
[11:15] {dino} out ci .09, +.24
[11:15] {Threei} Long Setup: MS 18.50 half lot if stays above .30
[11:16] {Threei} invalidated
[11:16] {Threei} HIG holding well while market retreats
[11:19] {magoo} target MS vad?
[11:19] {Threei} if it sets up again, and market helps, I'd say aim to sell half around .75
[11:20] {Threei} if you are in a scalping mode today, full out closer to .8-
[11:20] {Threei} needs to consolidate again and not to lose .30 anymore
[11:22] {dino} ci l .11
[11:25] {Threei} HIG... if you are inclined to try high risk play, small shares long .50 if holding above .30
[11:26] {Threei} stop .25 or so, target closer to 16
[11:28] {dino} out ci .23, +.12
[11:31] {dino} out met, .12, +.11, bad entry
[11:33] {dino} qcom, l .20, stop .99
[11:36] {magoo} dave, DCC
06[11:37] * magoo slaps laserdave1 around a bit with a large trout
[11:37] {magoo} dave, dscc
[11:40] {Threei} yawn
[11:40] {Threei} market totally refuses to move
[11:40] {dino} tighten nstc thing is broken
[11:40] {Threei} 5 points range for 30 minutes - when was the last time we've seen such stall
[11:42] {dino} 2005
[11:42] {Threei} lol
[11:42] {dino} feels up still, then big down tomorrow off election
[11:43] {magoo} its like driving on autobonn and then taking exit to country road speed limit 35
[11:43] {Threei} feeling as if you could walk faster than you drive
[11:47] {dino} feelings, nothing more than feelings
[11:48] {peterg} Barbra Streisand song
[11:50] {peterg} maybe not, maybe some other singer.....
[11:51] {peterg} I used to be uncertain of myself, but now I'm not so sure.........
[11:51] {Threei} lol
[11:51] {dino} qcom stopped -.22
[11:53] {dino} met l .83
[11:54] {dino} ci l .30
[11:56] {Threei} F
[11:56] {Threei} REPORTS OCT US VEHICLE SALES -30.2% V -32%E
[11:56] {dino} lol peterr
[11:57] {dino} think it was helen ready
[11:57] {magoo} ready =redy
[11:58] {Chaeron} now you guys have me yearning for my "Carpenter's Christmas" album
[11:58] {dino} out met .03, +.20
[11:59] {cosmo} Kingston Trio had a good one
[12:01] {dino} why do birds, suddenly appear
[12:01] {patience} everytime, magoo is near?
[12:01] {Chaeron} lol
[12:01] {dino} lo
[12:01] {dino} l
[12:02] {Chaeron} dino likes "Muskrat Love" & "Afternoon delight" too
[12:02] {patience} don't we all?
[12:03] {Chaeron} lol
[12:03] {dino} roflol, wow thats going back
[12:04] {peterg} Hoagy Carmichael, Jimmy & Tommy Dorsey
[12:04] {peterg} random associations
[12:04] {magoo} detroit rock city
[12:05] {peterg} the red-headed league
[12:07] {Threei} UAUA drawn-out consolidation between .80 and .95
[12:07] {dino} wynn blood
[12:07] {Threei} looks nice for break and spike - IF market gains upward momentum
[12:10] {Threei} watch LVS here
[12:10] {Threei} if WYNN bounces, LVS should give a scalp off 15
[12:11] {dino} penn s sm .15 stop hod
[12:13] {dino} hey 3i, do you not see what i am doing
[12:13] {dino} :)
[12:14] {dino} wynn wants lower imo
[12:14] {lisa_jay} Range scalping?
[12:14] {dino} yes back to scalp mode again lisa
[12:14] {Threei} sorry, I must have fell asleep
[12:14] {Threei} oh I see
[12:14] {Threei} venturing into my territory
[12:15] {dino} no shorted penn casino
[12:15] {Threei} unfortunately I don't have $1+ plays today, can't have my revenge
[12:16] {Threei} ah
[12:16] {Threei} CHRYSLER'S NARDELLI: INDUSTRYWIDE, OCT US SALES WILL BE DOWN ABOUT 31%
[12:16] {dino} me neither, so adapting
[12:17] {Threei} anyone found LVS entry, be satusfied with scalp
[12:18] {magoo} magoo kicks mkt in arse
[12:18] {Threei} market shapes up as a break...
[12:18] {Threei} maybe magoo helps
06[12:19] * Threei hands magoo steel-toed heavy duty army boots
[12:19] {magoo} magoo laces up 3i boots here
[12:19] {Threei} Porsche hurts
[12:19] {Threei} REPORTS OCT US SALES -50% TO 1,427 UNITS
[12:19] {Geo} in .13 out .25
[12:20] {Threei} wtg Geo
[12:20] {magoo} hope they are still around when i can finally afford one..say 2018
[12:20] {Threei} kidding?
[12:20] {Threei} in 2018 we all will be driving supersmall cars, potatoe-sized
[12:20] {dino} lol
[12:21] {Threei} running on oil left over after deep frying that same potatoe
[12:21] {dino} and drinking potatoe vodka
[12:21] {magoo} not me..ill find an old used porsche say 1999
[12:21] {dino} ci stop to b/e
[12:24] {dino} ci to .42
[12:24] {Threei} NSANY
[12:24] {Threei} REPORTS OCT US SALES DOWN 33% Y/Y
[12:24] {Threei} time to get my new Nissan is almost there I think
[12:24] {dino} dieeeeeeeee penn
[12:24] {Threei} DAI
[12:24] {Threei} REPORTS OCT MERCEDES-BENZ US SALES DOWN 25% Y/Y
[12:25] {Threei} Short Setup: LVS 15 break half lot
[12:26] {Threei} stop above .20
[12:26] {Threei} argh... not availabe
[12:26] {Geo} or wynn
[12:27] {magoo} magoo kicking and kicking mkt
[12:27] {magoo} these boots are heavy vad
[12:27] {Threei} nice kick
[12:27] {Threei} yes magoo... but effective
[12:28] {dino} out ci .57, +.27, stopped wynn .31 -.16
[12:38] {dino} hugh?
[12:38] {dino} thin
[12:38] {Threei} no news since August 11
[12:39] {Threei} LVS 1:2 almost
[12:39] {dino} ty
[12:39] {Threei} anyone had it available for short?
[12:40] {lisa_jay} not here.
[12:40] {dino} ah, oh
[12:40] {Threei} ok... good for paper trade in educational purposes then
[12:40] {dino} i put dave's gormet temporary insanity hot sauce on my lunch, and it's hot
[12:41] {lisa_jay} Vad, LVS desc. triangle?
[12:41] {Threei} Toyota is not faring much better
[12:41] {Threei} REPORTS OCT US VEHICLE SALES -25.9% Y/Y
[12:41] {dino} one more pop on hugh
[12:41] {Threei} DBI, descending traingle, breakdown of descending channel
[12:42] {Threei} inverted C&H
[12:42] {dino} i'm waiting for buy one get one free
[12:42] {Threei} all short formations you could think of in one flask
[12:43] {lisa_jay} Ok, thanks Vad.
[12:43] {dino} risky sm s hugh .24
[12:44] {dino} stop hod
[12:47] {Threei} HIG
[12:47] {Threei} SENIOR DEBT RATING CUT AT MOODY'S TO A3 FROM A2
[12:48] {Threei} this one is available
[12:48] {Threei} .55 short half lot if holding under .75
[12:50] {Threei} 1:1, cover half, scalpers get out
[12:50] {Threei} stop to .61 for the balance
[12:52] {Threei} 1:2
[12:52] {Threei} feel free to cover as see fit
[12:52] {Threei} 40 cents is 40 cents
[12:52] {dino} penn s .00
[12:52] {Chaeron} beauty Vad... sorry I missed tho
[12:52] {Threei} anyone got it?
[12:53] {lisa_jay} Nope, not my day today...missing everything.
[12:53] {Geo} 15 here
[12:53] {Threei} this one was not that fast
[12:53] {Threei} and gave second chance twice
[12:53] {dawg} 26 here
[12:53] {lisa_jay} Was away from desk for a few minutes...my fault.
[12:54] {Threei} ah
[12:54] {Threei} LVS educational short... frikin 75 cents
06[12:54] * Threei slaps laserdave1 around a bit with a large trout
[12:55] {Geo} hey vad did ya know?
[12:56] {Threei} trees grow upward?
[12:56] {Geo} inelliscan working on genesis laser robot beta?
[12:56] {Threei} huh?
[12:56] {Threei} I don't even understand the question :)
[12:57] {Geo} http://www.trade-ideas.com/Partners.html
[12:57] {Geo} genesis in beta
[12:57] {Threei} it's just linking?
[12:58] {Threei} linking works
[12:58] {Geo} auto trading lord vader
[12:58] {Threei} don't care about that
[12:58] {Geo} i know.... just an update
[12:58] {Geo} :)
[12:58] {Threei} why would I want a scanner signal go directly to execution without me looking at the chart and decising
[12:59] {Geo} pros and cons vad......
06[12:59] * Geo is a lowly messenger
[13:00] {Geo} vads the decidere
[13:01] {dino} your nose bleeding geo? you got tagged
[13:01] {Geo} ?
[13:01] {dino} by vad
[13:01] {Geo} what can i say
[13:02] {dino} :)
06[13:02] * Geo is on a politeness mission
[13:03] {Threei} careful Geo... ARRS the dog asked for your home address, and so far I withheld it
[13:03] {Geo} see dino?
06[13:03] * Geo is doubly polite
[13:04] {Threei} but being a day trader, Ive been known to change my mind on a dime
[13:04] {dawg} dogs?
[13:04] {Geo} lol
[13:04] {Geo} come to thinks of it vad
[13:04] {dino} penn stopped -.09, done w/it
[13:04] {Geo} now i cant even make this statement now th a nicknameat we hav
[13:05] {Geo} wow
[13:05] {Geo} now that we have a nickname dawg
[13:05] {Geo} :)
[13:05] {dawg} Yelp!
[13:09] {Threei} UAUA, feel free to take profit
[13:09] {Threei} can't read it after this spike
[13:10] {Threei} need pullback or consolidation
[13:13] {Threei} hardcore scalpers only:
[13:14] {Threei} wtch UAUA for this interesting pattern,
[13:14] {Threei} it teleports suddenly very low, then jumps back just as suddenly
[13:14] {Threei} from 30.s to .11
[13:14] {Threei} pause,
[13:14] {Threei} if you grab it quickly, it's above .20 next second
[13:15] {Threei} quick and easy one hundred bucks
[13:15] {Threei} but only if you are quick and efficient scalper
[13:15] {Threei} impossible to call in time, happens in a shake of lamb tail
[13:23] {Geo} in .12
[13:23] {Geo} out .24
[13:23] {Threei} there you go
[13:23] {Geo} scary though
[13:23] {Geo} did half lot
[13:24] {Threei} new for you method of trading, of course test it with smaller shares
[13:24] {Geo} Qs helped
[13:24] {Threei} but you saw how effective and quick it was
[13:24] {lisa_jay} Where would the stop be for this kind of trade Vad?
[13:24] {Geo} y
[13:24] {Threei} under 16
[13:25] {Threei} this is not a pattern that exists on many stocks
[13:25] {Threei} and even on UAUA it doesn't happen every day
[13:25] {Threei} but when it starts occuring, it continues for a while
[13:25] {Threei} so, matter of observation
[13:26] {Threei} keep also in mind, the range of such "teleportations" changes
[13:26] {Threei} it won't necessary be .10 - .25 next time
[13:27] {Threei} with marker weakening it can easily go to about 16,
[13:27] {Threei} adjust accordingly
[13:33] {Geo} hmmm
[13:33] {Geo} didnt know they were introducing 3x etfs
[13:36] {Geo} http://www.indexuniverse.com/sections/newsinfocus/10-news-in-focus/4080-direxions-triple-threat.html
[13:41] {dino} cov hugh +.40
[13:42] {Threei} wtg
[13:42] {dino} wyn sm l .85
[13:45] {dino} deck, decked
[13:47] {Threei} yawn
[13:48] {Threei} here is another UAUA teleport
[13:48] {Threei} probably will do one more
[13:48] {Threei} too long pause
[13:49] {Threei} anyway, grabbed .08
[13:49] {Threei} stop under 16
[13:49] {Threei} aiming to exit around .20
[13:51] {Threei} out .22
[13:51] {Geo} lets call this one the teleporation gap
[13:52] {Threei} I call it "the easiest $140 I made today"
[13:52] {Geo} lol
[13:52] {Threei} no seriously... how much easier can it get?
[13:55] {Threei} OK... here comes GM... hold onto your seats
[13:55] {Threei} REPORTS OCT VEHICLE SALES -45% V -39%E (UNADJUSTED BASIS) TO 171K UNITS FROM 310K Y/Y
[13:55] {Threei} - The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.
[13:55] {Threei} - Dealer stocks -15% y/y to 799K vehichles
[13:55] {Threei} - Affirms Q4 production forecast at 875K vehicles -15% y/y
[13:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[13:56] {Threei} who the heck is buying these endless seas of cars?
[13:57] {dino} hugh s .83
[13:57] {Threei} market weaker and weaker... next teleportation should probably wind down below 16
[14:01] {Threei} letting it dive lower this time
[14:01] {Geo} so vad did ya figure it out?
[14:01] {Threei} this was usual slide, not teleportation
[14:01] {Geo} cuz i still have that Q
[14:02] {Threei} why trees grow upward?
[14:02] {Geo} 10:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[14:02] {Threei} oh
[14:02] {Threei} no, not really
[14:02] {Threei} still mystery to me
[14:03] {Threei} thousands and thousands of them, and every year they clear out inventory and get new year models in
[14:03] {Threei} and there are a lot of used ones as well
[14:03] {Threei} and all this somehow gets cleared,
[14:03] {Geo} yup
[14:03] {Threei} yet this is not a tothbrush,
[14:03] {Threei} you don't buy new one a few times a year
[14:05] {Threei} even if you include guys like me in equation who lease their cars,
[14:05] {Threei} it's a new car every 3-4 years
[14:05] {Threei} but still, YEARS, not MONTHSA
[14:06] {Threei} SALES CHIEF: SEASONALLY ADJUSTED ANNUAL RATE (SAAR) AT 10.8M IN OCT, THE LOWEST SINCE 1982; INDUSTRY SALES DROP IS "FRIGHTENING" - CONF CALL
[14:06] {Geo} frightening enuff to refuse bonus?
[14:07] {Threei} sacred cows are called sacred for a good reason
[14:07] {Threei} bonus is untouchable
[14:13] {dino} lol
[14:14] {Threei} noticed? same pattern as Friday,
[14:15] {Threei} no order for a while, then cluster of trades comes along,
[14:15] {Threei} then no rhyme or reason again
[14:19] {dino} y
[14:24] {Threei} Short Setup: QCOM .79 half lot is stays below .90
[14:24] {Threei} if NQ drops sharply, grab aggressive entry
[14:27] {Threei} in .88, stop .95
[14:29] {Threei} no worky
[14:33] {Threei} LVS sudden jump
[14:33] {Geo} grabbed hig break of 15
[14:33] {Geo} too fast to call
[14:34] {dino} hugh stopped flat
[14:35] {Threei} good one Geo
[14:38] {amarg} what is nq
[14:38] {Threei} NASDAQ e-minis
[14:39] {Threei} just an indicator of NASDAQ movement
[14:42] {Geo} hig drop
[14:42] {Threei} UAUA is consolidating near the high again
[14:44] {Threei} Long Setup: UAUA .50 break, risky one
[14:44] {Threei} stop under .35
[14:46] {dino} sm l deck .85
[14:47] {Threei} wow LVS
[14:48] {lisa_jay} took it for a small scalp
[14:57] {Threei} stop to under .40
[14:59] {Threei} out
[14:59] {Threei} market goes for new lows
[15:00] {Threei} GM
[15:00] {Threei} OCTOBER SALES LEVEL 'NOT SUSTAINABLE' FOR THE AUTO INDUSTRY - CONF CALL
[15:01] {dino} so, i guess it gets worse if not sustainable
[15:01] {Threei} FED'S FISHER: CREDIT CONDITIONS ARE 'VERY TIGHT', DEMAND IS FALLING, EXACERBATING DOWNWARD SLIDE OF US ECONOMY; HAVE ENTERED A PERIOD OF 'IRRATIONAL FEAR' - TV INTERVIEW
[15:01] {Threei} - Remarks that Credit system is 'blocked'; the credit crunch is blunting the effectiveness of the Fed's rate cuts, will take time for effects of Fed actions to 'take hold', inflationary forces have 'vaporized'.
[15:01] {Threei} - Sees personally that there may be no economic growth through 2009.
[15:01] {Threei} - says may see several months of negative headline inflation, but not a deflationary trend.
[15:01] {Threei} - says Fed's balance sheet may reach $3T by year end, and 'not out of the woods' even as LIBOR declines
[15:01] {Threei} - Notes that a 'new arrangement is necessary for currencies'
[15:01] {dino} deck stopped. afternoon i'm cold
[15:01] {dino} taking break
[15:01] {Onix} I made it in for lunch ... not much happening?
[15:01] {lisa_jay} cvs range
[15:02] {dino} nope
[15:04] {Threei} QCOM fooled us eh
[15:09] {Chaeron} 4
[15:09] {Threei} you sure?
[15:09] {Threei} not 3? not 5?
[15:10] {Chaeron} 3.997528
[15:10] {Geo} uaua back
[15:10] {dino} hugh spikes
[15:10] {Chaeron} sorry wrong window :)
[15:15] {Threei} UAUA is back to teleportations
[15:18] {Threei} if market is done dropping, UAUA is going higher today
[15:18] {Threei} but finding entries is tricky
[15:19] {Threei} not really a breakout stock
[15:24] {Threei} .54 - 67
[15:24] {Threei} teleportation scalp
[15:30] {Threei} listless second half of the day... morning was much better
[15:30] {Threei} I suspect tomorrow will be much the same
[15:30] {Chaeron} just don't forget to vote
[15:31] {Threei} what do I have to do with your vote :)
[15:31] {Threei} I am spectator
[15:31] {Chaeron} same thing a ton of illegal aliens do... THEY'RE voting, why not you? :)
[15:31] {Geo} i am sure acorn can accomodate you vad
[15:31] {Chaeron} see?
[15:31] {Chaeron} dino? you agree?
[15:31] {Threei} lol
[15:32] {Chaeron} even ppl from Lebanon calling to support their choice...
[15:32] {Chaeron} why not canada?
[15:33] {Geo} in exchange well take the land
[15:33] {dino} acorn will register you vad
[15:33] {dino} same signature on thousands of democrat registrations, dead people, people who don't exist, etc.
[15:34] {dino} what kills me is they same voters should not have to produce id
[15:34] {dino} same=say
[15:34] {Threei} well
[15:34] {dino} they say its a hardship on the poor
[15:34] {Geo} dems learnt their lessons well
[15:34] {Threei} you guys tell me tomorrow if my vote will be decisive one
[15:34] {dino} it's basically so fraud can happen
[15:35] {Threei} and I'll run and vote
[15:35] {Geo} they spent more on state secretary election than ever before in hostory
[15:35] {Geo} history
[15:35] {Geo} ask em why and they will say harris florida
[15:36] {dino} i fear a return to carter years here
[15:36] {Geo} ugh
[15:36] {Geo} (not that i have memory)
[15:37] {dino} raise taxes, kill business, kill investment
[15:37] {dino} top rate to 49%
[15:37] {Geo} man
[15:37] {dino} cvap. gains to 30% from 15%
[15:37] {dino} capital
[15:38] {Threei} I hate LVS
[15:39] {Threei} how does it manage to stage such unreadable moves?
[15:39] {Chaeron} [12:35] {Threei} and I'll run and vote {{{ I think you should just run...
[15:39] {Threei} CNBC'S GASPARINO REPORTS OBAMA CONSIDERING LARRY SUMMERS AND THE FED'S TIM GEITHNER AMONG OTHERS FOR TREASURY SECRETARY
[15:39] {Threei} - Fomer Treasury Treasury Sec Volcker, BLK's Larry Fink, JPM's Dimon also supposedly being considered
[15:40] {Threei} Volcker??
[15:40] {Threei} isn't he about 80?
[15:40] {Chaeron} hmmm... will he suggest that to McCain when he and Sarah win?
06[15:40] * Geo slaps Chaeron around a bit with a large trout
[15:40] {cosmo} vogons live long
[15:40] {lisa_jay} I hate my h...
06[15:40] * Geo is vad's lackey
[15:40] {lisa_jay} oops did i just say that aloud...sigh
[15:40] {Chaeron} h...? LJ?
[15:41] {lisa_jay} was about to enter order at .05 LVS and got distracted.
[15:41] {Geo} i think vad missed your comment chaert
[15:41] {Chaeron} yeah... he has me on ignore
[15:41] {Threei} but of course
[15:41] {Threei} ignoring chaeron is my second favorite thing
[15:41] {Threei} first of course being:
[15:41] {Chaeron} ignoring magoo
06[15:41] * Threei slaps magoo around a bit with a large trout
[15:41] {Chaeron} lol
[15:41] {dino} lol
[15:42] {Threei} SOLF new surge
[15:42] {cosmo} green...green
[15:42] {Threei} more and more looks like solars will get a good kick if Obama wins
[15:43] {Chaeron} short coal tho
[15:43] {Geo} i just want it to be over
[15:43] {cosmo} long infrastructure?
06[15:43] * Geo cant stand all the hate
[15:43] {dino} short heathcare, health insurers, etc
[15:43] {dino} short oil, etc
[15:44] {dino} short it all
[15:44] {Chaeron} yep
[15:44] {Geo} lol
[15:44] {lisa_jay} Ok, will trout to relieve frustration.
06[15:44] * Chaeron slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} don't wanr... just do
06[15:44] * Geo slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} warn
[15:44] {lisa_jay} Snap out of it!
[15:44] {Threei} hmmm
06[15:44] * dino slaps lisa_jay around a bit with a large trout
[15:44] {Threei} do we slap girls around here?
06[15:44] * Geo slaps lisa_jay with a snapper
[15:45] {lisa_jay} Prefer Salmon..
[15:45] {Geo} oh and how do yo know i am not one too?
[15:45] {Chaeron} magoo set precedence with Patience
06[15:45] * Geo agrees
[15:45] {lisa_jay} Vad, how does one trout?
[15:45] {Chaeron} how do you all know I'm not Sharon?
[15:45] {Threei} easy lisa:
[15:45] {Geo} as in the Israeli sharon?
[15:45] {lisa_jay} Hairy legs give it away Chaeron.
[15:45] {Threei} click on the nick of the one to be trouted,
[15:46] {dino} and how do you know i'm not sarah palin?
[15:46] {Threei} right click,
[15:46] {Chaeron} shucks
[15:46] {Threei} at the bottom of dropdown menu you'll see slap
[15:46] {Chaeron} but they're nice hairy legs
[15:46] {Geo} ewww dino
[15:47] {dino} :)
[15:47] {lisa_jay} ok,my right click not working...it's a conspiracy.
[15:47] {dino} say it ain't so joe
[15:47] {Chaeron} ???? Larisa?
06[15:47] * Chaeron slaps Larisa1 around a bit with a large trout
[15:47] {Geo} hehehehe
[15:47] {Chaeron} is that you Lars?
[15:47] {Geo} lol
[15:47] {Threei} I thought you gone blind chaeron
[15:48] {Geo} hig wow
[15:48] {Threei} market pretty much took a breather today
06[15:48] * lisa_jay slaps Chaeron around a bit with a large trout
[15:48] {Threei} early plays were good
06[15:49] * lisa_jay slaps Geo around a bit with a large trout
[15:49] {Threei} after that it was each man for himself
[15:49] {Threei} good job lisa
[15:49] {Geo} barely madse 50 bucks today
06[15:49] * lisa_jay slaps dino around a bit with a large trout
[15:49] {Threei} 50?
[15:49] {Geo} yeah
[15:49] {Larisa1} hi to you too Chaeron, you forgot how to be polite without me :)
[15:49] {Threei} polite?
[15:49] {dino} chtt sm l .44
[15:49] {Chaeron} it IS you!!!!!!!!!!!!!!!!
[15:49] {Threei} that's one word this rtoom won't even tolerate
[15:49] {Geo} and dog
[15:49] {Larisa1} not talking to you, Threei, you never knew :)
[15:49] {Geo} oooh
[15:49] {Threei} nope, not really
[15:50] {Threei} but hey... I was always very good at being impolite
[15:50] {Threei} does that count?
[15:50] {Larisa1} yes, lets count it
[15:51] {Chaeron} Larisa, I keep getting told I am the most polite here and been trouted for it too
[15:51] {Larisa1} lol
[15:51] {Chaeron} I've even said, "Be glad Larisa isn't still here."
[15:52] {Threei} well, I'll be interested to see wherher 3 girls in the room make you bandits more civilized
[15:53] {Threei} I am afraid I know the answer though
[15:53] {Chaeron} Larisa wields a mean trout and meaner look-to-kill
06[15:53] * Geo starts spitting and polishing his tie
[15:55] {dptl} have a good evening all :)
[15:55] {lisa_jay} bye dp
[15:56] {Threei} if list of separate solars is a chanllenge, TAN may be one you want to trade
[15:56] {Threei} solar ETF
[15:56] {Threei} take care dp
[15:56] {Threei} SOLF 8
[15:58] {dino} keep in mind 3i, election not over until tomorrow night
[15:58] {Threei} yes
[15:58] {Threei} that's why I said tomorrow is likely to be much of the same
[15:59] {dino} ok
[15:59] {lisa_jay} Vad, Dcc please
[15:59] {Threei} CHRYSLER NOTES THAT WORST OF THE 'STORM' IS DONE
[15:59] {Threei} - Suports government tax incentive to help sales, whereby loan interest may be deducted from taxes
[15:59] {Threei} - Does not attribute declining sales to merger rumors
[15:59] {dino} out chtt .22 -.21
[16:00] {dino} .22
[16:00] {dino} having trouble on mondays, it seems a pattern may be building
[16:01] {Threei} Ok guys, thank you all
[16:01] {Threei} have a great evening, see you tomorrow
[16:03] {dino} ok, calling it a day, thx all
[16:03] {lisa_jay} Bye Dino.
[16:03] {dino} :)
[16:04] {_maga} bye everybody
[16:04] {dino} follow vad newbies, the guy is a machine
[16:05] {peterg} gnite team
[16:05] {peterg} dino is a machine too
[16:05] {dino} lol peter. not today
[16:06] {peterg} theres always tmo!
[16:09] {dino} indeed, i will do better
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