Dec 05 2008

Beautiful day. Not without couple stops but a lot of trades worked like charm. Got the rally timing just right although somewhat underestimated its strength. Identified the hottest item for the day early too - HIG did wonders. Little educational exchange on the last 15 minutes of the day, to polish thing off. 

Session Time: Fri Dec 05 00:00:00 2008

[08:30] {Geo} gm

[08:39] {Threei}  was that Good Morning, or General Motors?

[08:41] {Geo} sigh... good morning

[08:42] {Threei}  ok... good morning then :)

[08:42] {Threei}  oil... how low can you go?

[08:43] {Threei}  NOV UNEMPLOYMENT RATE: 6.7% V 6.8%E

[08:43] {Threei}  NOV CHANGE IN NONFARM PAYROLLS: -533K V -335KE; CHANGE IN MANUFACTURING PAYROLLS: -85K V -100KE

[08:43] {Threei}  - Prior Oct Nonfarm revised Lower from -240K to -320K

[08:43] {Threei}  - Prior Oct Manufacturing revised from -90K to -104K

[08:43] {Threei}  - US Nonfarm Payroll decline is the highest since Dec 1974

[08:43] {Threei}  NOV AVERAGE HOURLY EARNINGS M/M: 0.4% V 0.2%E; AVERAGE WEEKLY HOURS: 33.5 V 33.6E

[08:43] {Threei}  - Prior Average Hourly Earnings MoM revised from 0.2% to 0.3%

[08:49] {Threei}  PIMCO'S EL ERIAN: DECLINE IN NOV PAYROLLS INDICATES POTENTIAL NEGATIVE US GDP OF 4-5% IN Q4

[08:52] {wishbone} gm all

[08:52] {Threei}  wishbone :)

[08:56] {Threei}  08:30am [HIG] Raises FY08 EPS guidance to $4.70-4.90 v $4.36e

[09:00] {KSystems} Good morning!

[09:00] {patience} good morning guys  :)

[09:01] {Threei}  ks, patience :)

[09:01] {wishbone} vad..yesterday when scalping uaua u told geo to give couple cents above market for entry (stop limit)...

[09:01] {Threei}  yes sir

[09:02] {wishbone} i don't understand how to enter that?

[09:02] {Threei}  let's say market is 10 x 10.01

[09:02] {Threei}  you decide to enter here,

[09:03] {Threei}  you click on 10.03 on level2

[09:03] {Threei}  and click limt buy

[09:03] {Threei}  this way you give it couple cents leeway

[09:03] {Threei}  so you don't miss it altogehter if it starts ticking as you click

[09:04] {Threei}  but you are protected from too high entry which may come if you use market

[09:04] {Threei}  and stock upticks sharply

[09:05] {wishbone} ok...thought u were talking about specific setting in laser ...ty vad

[09:05] {Threei}  :)

[09:05] {Threei}  I am not sure if you can set this with hotkeys

[09:05] {Threei}  those who use them may be able to help

[09:06] {Geo} yes you can

[09:07] {Geo} you just use your hot key for bid..... use right arrow for lets say 4 ticks above and hit enter

[09:07] {wishbone} ty geo

[09:08] {Geo} thats how i use it.... try it on Qs on 100 shares before going to UAUA :)

[09:09] {dptl} good morning all

[09:10] {Threei}  dp :)

[09:10] {Threei}  HIG is likely to be a hot item today

[09:11] {peterg} morning akk

[09:11] {peterg} all

[09:11] {Threei}  peter :)

[09:12] {peterg} have set up new slap w thks to geo

[09:12] {Threei}  welcome to 21st century of advanced slapping!

06[09:12] * Geo slaps peterg around a bit with a large blackberry box

06[09:13] * peterg slaps Geo around a bit with a large turquoise 57 chevey nova

[09:13] {Onix} Good morning all

[09:13] {Threei}  onix :)

[09:14] {dino} gm all

[09:15] {Threei}  dino :)

[09:18] {Onix} hi dino

[09:20] {magoo} morn

[09:20] {Threei}  magoo :)

[09:20] {Onix} hi magoo

[09:26] {ese} another fine day in trading land.....

[09:26] {Threei}  ese :)

[09:26] {ese} morning vad

[09:29] {ese} advanced slapping........cool........

[09:29] {peterg} customized slaps

[09:30] {ese} to meet everyones needs.......also cool

[09:30] {lisa_jay} Good morning everyone.

[09:30] {Threei}  lisa :)

[09:30] {ese} lisa

[09:32] {ese} welllll.......slap this market around a bit will ya vad.....

[09:32] {Onix} hi lisa

[09:33] {lisa_jay} Hi Onix, Ese, Vad.

[09:33] {Threei}  wow... that was fast on HIG

[09:33] {magoo} i caugfht it .40 to .80p

[09:37] {Threei}  DRYS

[09:38] {Threei}  sheesh

[09:38] {Threei}  pure teleportation

[09:38] {ese} second day in a row that DRYS has kida done this

[09:39] {Threei}  HIG seems to be aiming for 11

[09:39] {Threei}  voaltile as hell

[09:40] {magoo} mktts trying to go green

[09:41] {Threei} Long Setup:  HIS  .50 half lot if stays above .30

[09:41] {Threei}  HIG

[09:41] {ese} would agree mags......doesn't sem to take much to set them off

[09:42] {Geo} wo

[09:42] {Geo} in 54 out 73

[09:42] {Geo} TY vad

[09:42] {Threei}  half out .72

[09:43] {magoo} waiting .94

[09:43] {peterg} out .82 +42 ty vad

[09:43] {Threei}  welcome guys

[09:43] {Threei}  took it aggressively peter?

[09:44] {peterg} yep

[09:44] {peterg} sometimes stupidity works for me

[09:44] {peterg} sometimes it doesnt

[09:44] {Threei}  I don't see it as stupidity

[09:44] {Threei}  it's personal preference

[09:45] {peterg} sometimes its that too

[09:45] {Threei}  with this kind of entries you'll have more stops but they'll be tighter

[09:45] {Threei}  and wins will be bigger

[09:46] {Threei}  watching for possible re-entry

[09:47] {Threei}  DRYS pulled back

[09:48] {Threei}  if market jumps up, it will be a play again if gives a delay for entry

[09:48] {ese} come on Cramer.....call a fourth bottom....2 days in a row.......whats wrong with ya man!!!!

[09:49] {Threei}  look how strong UAUA is

[09:56] {magoo} read on HIG vad?

[09:56] {Threei}  not sure

[09:56] {Threei}  UAUA is again near 11, yest resistance

[09:57] {peterg} yest?

[09:57] {peterg} surely you yest

[09:57] {Threei}  yesterday

[09:57] {peterg} ok

[09:57] {Geo} NQ broke yes low

[09:58] {peterg} yes wa thrsdy

06[09:58] * Threei slaps peterg around a bit with a large mayan calendar

[09:58] {peterg} rofl

06[09:59] * peterg slaps Geo around a bit with a large tomb of tutankanem

[09:59] {Threei}  UAUA forms standard JBE

[09:59] {Geo} ahhha

[09:59] {lisa_jay} Vad, for Q's if you are trading 500 - 1000 shares do you need to use reserve orders?  Thanks.

[09:59] {Threei}  .85 - 11

[10:00] {Geo} peterg it is tutankhamun

[10:00] {lisa_jay} Sorry, answer me later after trade then.

[10:00] {peterg} thks, wasnt sure

06[10:00] * Geo feels smart for a change

[10:00] {Threei}  it's just that UAUA is not a standard stock

[10:00] {peterg} you da man

[10:00] {Threei}  no lisa

[10:00] {Threei}  on Qs it doesn't matter

[10:01] {lisa_jay} Ok, thanks.

[10:01] {Threei}  not a thin stock where your large position could scare someone

[10:07] {Threei}  WHITE HOUSE ADVISOR HENNESSEY: ECONOMY FACES 'SIGNIFICANT DOWNSIDE RISKS', GOVT HAS STABILIZED CREDIT MARKETS - TV INTERVIEW

[10:07] {Threei}  so... credit is unfrozen?

[10:08] {ese} another positive comment.........nice

[10:09] {peterg} no, credit is stabilized--prev. frozen, now stable and frozen

[10:09] {Threei}  oh

[10:09] {Threei}  got it

[10:09] {Threei}  all this newspeak

[10:09] {peterg} teller at bank asked if a banker could call me to offer me a home equity line

[10:09] {peterg} I declined

[10:10] {ese} aaahhhhhhhh.......tks for clearing that up peter

[10:11] {peterg} well, there's some credit out there

[10:11] {peterg} but not 34 EZ billions

[10:13] {Threei}  GM is dropping as if no money is coming their way

[10:13] {Geo} thats funny as this job number pretty much guarentees their bailout

[10:15] {ese} how do you mean geo

[10:15] {Threei}  too big to fail

[10:15] {Geo} the congress wouldnt want more job losses

[10:19] {Threei}  DRYS held .30 through the market slide

[10:20] {dino} lod

[10:25] {magoo} any reads UAUA vad?

[10:26] {Threei}  need market to stabilize

[10:26] {Threei}  it wants up

[10:26] {Threei}  just has to have support

[10:26] {Threei}  any market strength, see how willing UAUA uis?

[10:32] {Geo} .

[10:33] {dino} sm l afam .34, thin

[10:35] {Threei} Long Setup:  HIG  half lot as close to .30 as possible

[10:36] {Threei}  first strength from here

[10:38] {Threei}  anyone got it, keep stop under .20

[10:38] {magoo} in

[10:38] {Threei}  whatcha got?

[10:38] {magoo} .34

[10:38] {Threei}  .31 here

[10:38] {Onix} .31

[10:38] {peterg} .29!

[10:39] {magoo} ill have to exit .03 higher than u lol

[10:39] {Threei}  :)

[10:41] {Threei}  no worky

[10:41] {Onix} stopped

[10:41] {wishbone} stopped

[10:41] {magoo} stiopp

[10:42] {peterg} sptd

[10:42] {peterg} stpd

[10:46] {magoo} rinsed

[10:48] {Threei}  yeah

[10:48] {magoo} rough ride..but with any mkt help over 11

[10:50] {magoo} l here .41

[10:50] {magoo} hig

[10:50] {magoo} waiting .77

[10:51] {magoo} out .65

[10:51] {magoo} what the hell

[10:53] {magoo} plus .24

[10:53] {magoo} no one?

[10:53] {peterg} not me

[10:54] {peterg} good job

[10:54] {magoo} here comes 11

[10:56] {magoo} 11

[10:56] {magoo} easy too

[10:57] {dino} afam stop to 42.00

[10:57] {Threei}  wtg mags

[10:58] {dino} gj magoo

[10:58] {ese} DRYS....just lookin for an excuse

[10:58] {magoo} UAUA vad

[10:59] {Threei}  should break sooner or later but its pullbacks are gut-wrenching

[10:59] {ese} UAUA or DRYS

[11:00] {dino} out afam .00, +.64

[11:00] {Threei}  both actually, lol

[11:00] {ese} classic dino.....nice

[11:00] {Threei}  good one dino

[11:01] {ese} it  was /is really thin though......  nerves of steel

[11:01] {magoo} buns of steel

[11:02] {ese} we'll leave that up to the ladies to decide

[11:02] {dino} thx

[11:02] {Threei}  got HIG .92 on pullback... too fast to cal, sorry

[11:02] {ese} the man is oblivious....

[11:03] {magoo} ts got 12 written all over it vad

[11:03] {magoo} but with hard breating

[11:08] {Threei}  UAUA starts teleportation business

[11:12] {Threei}  HIG on its merry way to magoo's target

[11:12] {dino} yum l .00, stop lod

[11:13] {Threei}  if you watched UAUA for this pattern, .81 - .90 scalps repeated themselves couple times

[11:14] {Threei}  not right now

[11:14] {Threei}  don't buy into sharp market downtick

[11:15] {Threei}  when UAUA downtick coincides with market selling, it's like to do more than one leg down

[11:15] {Threei}  like = likely

[11:18] {dino} sharp down ticks are all markets give anymore

[11:20] {magoo} mkt wants up but justyt relentless end of world news out there

[11:21] {dino} we will be living underground soon

[11:22] {Threei}  I have my cave ready

[11:22] {Threei}  equipped qwith beer fridge and wi-fi

[11:23] {Threei}  Honda pulls out of Formula one

[11:31] {dino} yum stopped -.22

[11:32] {Threei}  I will be very surprized if HIG doeasn't hit 12 today

[11:34] {dino} yum rinsed

[11:36] {Threei}  PRESIDENT BUSH: CONCERNED ABOUT GIVING FUNDING TO AUTOMAKERS WHICH MIGHT NOT SURVIVE

[11:36] {Threei}  - The credit crisis is the most urgent problem facing the economy, focusing on root causes to aid economy

[11:36] {Threei}  - Notes that credit markets are thawing.{GM F}

[11:39] {Chaeron} good morning all

[11:39] {Threei}  chaeron :)

[11:39] {Chaeron} sorry I'm so late.... unavoidable... miss much?

[11:39] {Threei}  some

[11:40] {Chaeron} UAUA and HIG... 

[11:46] {ese} see you all next week.

[11:47] {Chaeron} bye ese... have a good 2 days

[11:47] {ese} take care

[11:48] {Threei}  take care ese

[11:50] {Threei}  wow

[11:50] {Threei}  what just happened?

[11:52] {magoo} [11:20] {magoo} mkt wants up but justyt relentless end of world news out there

[11:52] {magoo} thats what

[11:54] {magoo} HIG

[11:54] {Threei}  nears that 12

[11:54] {Threei}  and UAUA tries to chew through 11

[11:55] {magoo} cant post fast enough..hit HIG .61 to 89 there

[11:59] {Threei}  not much retreat from 11 this time UAUA

[11:59] {Threei}  if market resumes upward, probably should finally break

[12:01] {dino}  t l .30

[12:03] {dino} et tu brutus

[12:09] {dino} t stop to .44

[12:09] {dino} stopped t +.14

[12:09] {Threei}  anyone took UAUA 11 break?

[12:10] {Chaeron} I was disconnected and took it at .08

[12:10] {Chaeron} :(

[12:10] {Threei}  anyway, nicely in the money for a scalp

[12:11] {Threei}  but what kind of chasing is that

06[12:11] * Threei slaps Chaeron around a bit with a large sheet of paper with bold red letters "do NOT chase!!"

[12:12] {dino} beat me to it

06[12:12] * Chaeron slaps dino around a bit with a large trout

[12:12] {Chaeron} that's for thinking about it

[12:19] {dino} ouch

[12:23] {Chaeron} out at .10... I dont deserve the 2 cents

[12:23] {Threei}  better than poke in the eye

06[12:23] * Geo sends chaer his postal address

[12:23] {Threei}  and UAUA is sure capable of poking

[12:27] {Threei}  13 HIG

[12:27] {Threei}  unstoppable

[12:40] {magoo} .

06[12:41] * dino slaps magoo around a bit with a large trout

[12:41] {Threei}  HIG crawling toward high again

06[12:43] * wishbone slaps wishbone around a bit with a large trout

[12:44] {wishbone} that's it...no graphics?

[12:47] {Threei}  trout is all youi got?

[12:47] {wishbone} qoi

[12:48] {Threei}  I don't speak french

[12:48] {wishbone} neither do i

[12:48] {Threei}  neither do I speak english

[12:49] {wishbone} is there graphics w/ the slaps?

[12:49] {wishbone} are there

[12:49] {Threei}  huh?

[12:49] {Threei}  graphics?

[12:49] {Chaeron} no but I'm working on a technology where the recipient actually feels the sting

[12:49] {wishbone} ok guess not! :)

[12:49] {Threei}  lol

[12:50] {Threei}  considering my limited vocabulary, you'd do well limiting your replies to me to "da" and "nyet"

[12:50] {Threei}  CHRYSLER HAS HIRED BANKRUPTCY FIRM JONES-DAY - WSJ CITING SOURCES

[12:50] {Threei}  {GM F}

[12:52] {Threei}  that's inspiring

[12:59] {dino} out mcd .04, +.24

[13:00] {magoo} ok vad, i have geo email on slapfest..but i need u to literally walk me thru every click to install

[13:00] {Threei}  there is nothing to install, just put this file in RTC folder

[13:00] {Geo} hey !

[13:00] {Threei}  and click yes when it asks whether you want to replace file

[13:00] {Geo} i even sent vad's instructions

[13:00] {magoo} HUH?no clue

[13:01] {Geo} peterg

[13:01] {Geo} carry the torch pls

[13:01] {magoo} so how i start?

[13:02] {magoo} how i save file to whereever?

[13:02] {Geo} cant belive this is the same guy

[13:02] {Geo} who makes laser sing in scalping

[13:03] {magoo} i clicked it

[13:03] {magoo} ask want to save

[13:03] {Threei}  right

[13:03] {Threei}  elect Save

[13:03] {Threei}  it will open a window where you can navigate to any folder you want

[13:04] {Threei}  you need C - program Files - RTC

[13:04] {Threei}  once there, click save

[13:04] {magoo} where is that?

[13:04] {magoo} my docs? my computer? my netwk places?

[13:04] {Threei}  my computer

[13:05] {Threei}  c

[13:05] {Threei}  program files

[13:05] {Threei}  rtc

[13:05] {magoo} ok now what?says save in: RTC

[13:06] {Threei}  yup

[13:06] {Threei}  click save

[13:06] {magoo} ok now what?

[13:06] {Threei}  restart mirc

[13:06] {magoo} reboot?

[13:06] {Threei}  no, not whole computer

[13:06] {Threei}  just close mirc and openit again

[13:07] {magoo} log out laser?

[13:07] {Threei}  ??

[13:07] {magoo} what the hells mirc}?

[13:07] {dptl} lol

06[13:07] * Threei slaps magoo around a bit with a large red brick

[13:07] {wishbone} lol

[13:07] {magoo} seriously

[13:07] {Threei}  this room

[13:07] {magoo} oh..lol..brb

[13:08] {Threei}  move your eyes to the right and up

[13:08] {Threei}  you'll see red square with white X

[13:08] {wishbone} needed a good laugh....that was awesome magoo

[13:08] {Threei}  X marks the spot

[13:08] {Threei}  now move your eyes to the mouse

[13:08] {wishbone} there he goes

[13:08] {wishbone} rofl

[13:08] {KSystems} Now...everybody leave and yell at him when he comes back...he shouldnt have shut the whole room down!

[13:08] {Threei}  move mouse so cursor p;oint to the X

[13:08] {KSystems} wb magoo :)

[13:08] {magoo} ok thayts it?

[13:08] {Threei}  am I having fun or what

[13:09] {Threei}  oh, while moving cursor, move your eyes back to the screen

06[13:09] * magoo slaps Geo around a bit with a large book of Techniques of Tape Reading

[13:09] {Threei}  so you can monitor cursor movements

[13:09] {magoo} YESSSSSSSSS

[13:09] {Threei}  when cursor points to X, move your eyes back to the mouse and find left button

[13:09] {Threei}  left button is one on the same side as your heart

[13:10] {magoo} vad knows this..i can only do exactly what i need to do on computer...do not know anything else

[13:10] {magoo} i am retard

[13:10] {Threei}  pointing your eyes at the left button, pluit your finger on it

[13:10] {Threei}  depress it once and release

[13:10] {Threei}  move your eyes back to the screen

[13:10] {Threei}  someone stop me

[13:10] {dino} amzn sm l .00

[13:12] {magoo} slow down vad...which side of what? whats a mouse?

06[13:13] * Threei slaps magoo around a bit with a large book Windows for Dummies

[13:13] {Threei}  HIG broke

[13:13] {Threei}  we are in for a rally

[13:13] {Threei}  one more pullback, then break of the high

[13:14] {Threei}  pullback entry for Qs would be as close to .50 as possible if goes there

[13:15] {Threei}  .70 break should launch it

[13:19] {magoo} GS would be good rally candudate

[13:21] {Threei}  HIG 14?

[13:22] {magoo} well..its getting riskier tghe higher we go is all

[13:22] {Chaeron} OJ Simpson just got at least 6 years in prison for the Nevada thing

[13:24] {dino} good

[13:25] {Geo} is the .7 break a call vad?

[13:25] {Chaeron} ooops... it's 15 years

[13:25] {Threei}  if it consolidates close to it, yes Geo

[13:25] {Geo} looks like consolidation is beginning

[13:26] {magoo} long GS snall 66

[13:26] {magoo} 300 sghaes

[13:28] {Threei}  14

[13:29] {magoo} out .09

[13:29] {magoo} want mkt to go up 

[13:29] {Threei}  [09:10] {Threei} HIG is likely to be a hot item today

[13:29] {Threei}  lol... need a new alert

[13:30] {magoo} thats why i got on it vad

[13:30] {Threei}  "Hot Item Alert"

[13:30] {Threei}  recommended action:

06[13:30] * magoo slaps Geo around a bit with a large daytrading course

06[13:30] * magoo slaps Threei around a bit with a large roll of cash

[13:30] {Threei}  sell wife and kids, get a loan using youyr farm and house as collateral,

[13:30] {Threei}  negotiate 1:100 margin with your broker,

06[13:31] * magoo slaps Threei around a bit with a large slab of bacon

[13:31] {Threei}  buy hot item with all your new buying power

[13:31] {Threei}  retire at the end of the day

[13:31] {magoo} in Q .65

[13:31] {Threei}  it went to .53 on pullback

[13:31] {Threei}  why not buy on pullback?

[13:32] {magoo} was not sure it was end of world fall off

[13:32] {magoo} like yesterday and everyday

[13:33] {magoo} u forget already those 317 point drops in 60 seconds?

[13:33] {Threei}  no, but you'd have about 5 cents stop from there

[13:34] {magoo} i wanted to feel it going up first

[13:34] {magoo} u in??

[13:34] {Threei}  no

[13:34] {Threei}  missed pullback

[13:34] {Threei}  not chasing, waiting for another chance

[13:35] {Threei}  desirable around .60

[13:35] {magoo} well..i thought u said .70 will launch it

[13:35] {dino} amzn stop to .20

[13:35] {dino} stopped +.20

[13:35] {Threei}  you see how sharply it spiked into .70 from .53?

[13:35] {Threei}  when did you see me buying the top of such spikes?

[13:36] {Threei}  ok, in

[13:36] {magoo} how many 2?

[13:36] {Threei}  1

[13:37] {Threei}  stop is tight enough for 2

[13:37] {Threei}  but I don't feel like that on Fri

[13:37] {Threei}  and I am up enough to cease trading altogether

[13:37] {Threei}  so not going to spoil the day by one stop

[13:38] {Threei}  if things work out as I see them, next thing is spike to about .77

[13:39] {Threei}  oh boy

[13:39] {Threei}  forgot about UAUA

[13:39] {Threei}  look at it

[13:40] {Threei}  my grey matter is very grey on Friday afrernoon...

06[13:42] * Threei kicks the market in the rear

[13:43] {Threei}  half out .75

[13:43] {Threei}  +.14

[13:44] {magoo} out .77 2k

06[13:45] * Threei slaps magoo around a bit with a large roll of cash

06[13:45] * magoo slaps laserdave1 around a bit with a large Master Profit Plan

06[13:45] * magoo slaps laserdave1 around a bit with a large daytrading course

[13:45] {Threei}  out 1/4 more .85

[13:45] {Threei}  +.24

[13:45] {magoo} in GS too 

[13:45] {magoo} from .25

[13:45] {Threei}  offering last 1/4 .91

[13:45] {Threei}  out

[13:46] {Threei}  was that a read or was that a read

[13:46] {Chaeron} thanks Threei... took .21 from Q's

[13:46] {magoo} out GS .81

06[13:46] * Geo slaps Threei around a bit with a large gold bar

[13:46] {Threei}  pullback into .50, then break of .70 and rally

[13:46] {Threei}  textbook

[13:47] {Geo} still sitting in 500 shares

[13:47] {Geo} too greedy

[13:47] {jmb} thanks vad

[13:47] {Threei}  welcome jmb

[13:49] {Geo} out .97

[13:49] {Geo} TY lord vader

[13:49] {Threei}  welcome

[13:50] {Threei}  wow

[13:50] {Geo} heheheheh

[13:50] {Threei}  that's more rally than I bragained for :)

[13:51] {Geo} did i tell ya i reentered

[13:51] {Threei}  bargained too

[13:51] {Threei}  no you didn't

[13:51] {Geo} ill send ya blotter

[13:51] {Threei}  what for

[13:51] {Threei}  I believe you

[13:51] {Threei}  I just hate you

[13:51] {Geo} ahhh ok

[13:52] {Geo} rich and hated

[13:52] {Threei}  lol

[13:52] {Geo} thats why i came to you in this room

[13:52] {Threei}  there you go

[13:52] {Threei}  do I deliver or what

[13:52] {Geo} ok out now

[13:52] {Geo} cant push it

[13:53] {dino} yum l .10

[13:53] {Geo} in av .60 out .16

[13:53] {Geo} 56 cents

[13:54] {Geo} vad looks like it wants more

[13:55] {Geo} and bonds dropped fast

[13:55] {Geo} in

[13:56] {dino} out yum .27, +.17

[13:56] {Geo} .23 entry

[13:57] {Geo} half out

[13:57] {dino} afam l; sm .20

[13:58] {Geo} all out

[13:58] {Geo} .10 and .5 on one lot

[13:58] {Threei}  beauty

[13:59] {Geo} IMO bonds is a beautifull indicator

[13:59] {Geo} only when it spikes

[13:59] {Threei}  one more upward push, then heavy pullback

[13:59] {Threei}  what do you ue for bonds? TLT?

[13:59] {Geo} ZB from IB

[13:59] {Geo} tlt lags bad

[13:59] {Geo} and wierd spread

[14:00] {Threei}  don't care about spread, not going to trade it

[14:00] {Geo} lags vad

[14:00] {Geo} zb is 30 yr and tlt is 20

[14:00] {Threei}  yeah, lags by at least 5 minutes from what I see

[14:00] {Geo} i scalp spy on it as you scalp UAUA with NQ

[14:01] {Geo} spy watching ZB

[14:01] {dino} gj geo

[14:01] {Geo} 10 cents scalps

[14:01] {Geo} but made 1.5x on that alone today.......

[14:01] {magoo} whos lags? wqe got magss..maga

[14:02] {dino} bea utiful

[14:03] {magoo} how much is 1.5?

[14:03] {Geo} vad Ill post a chart... but could you edit it out later? pls

[14:04] {Threei}  sigh

[14:04] {Geo} i would love if yo could fine tune it... as my style is a bit raw

[14:04] {Threei}  ok

[14:04] {Geo} hehehe friday

[14:04] {Geo} sorry

[14:04] {magoo} there must be more money.......there must be more money {as magoo mounts his rocking horse}

[14:05] {Threei}  here comes my pullback

[14:05] {Threei}  Qs should drop under 20

[14:06] {Threei}  from where bounce scalp will be in order

[14:06] {Threei}  UAUA to 11.40 at least

[14:06] {Threei}  likely lower

[14:10] {Threei}  there you go Qs

[14:11] {Geo} watch the 10:54 PST spike down

[14:11] {Geo} works more often than not.... only if its a spike

[14:11] {Geo} or near HOD or LOD

[14:12] {Geo} pls edit it later vad :)

[14:12] {Threei}  nice pattern

[14:13] {Geo} i see it a few times in the day

[14:13] {Geo} have to use ZB though

[14:14] {Threei}  UAUA held better than expected

[14:14] {Threei}  feel free to take scalp Qs

[14:15] {jmb} thanks vad q's

[14:15] {Threei}  :)

[14:16] {Threei}  amazingly obeying today

[14:18] {dino} afam stopped -.40 sm

[14:18] {Threei}  argh

[14:18] {Threei}  UAUA did quick trip to .45 and back over .60

[14:18] {Threei}  all in a fraction of second

[14:21] {dino} amzn l sm .40

[14:24] {Threei}  lol... HIG goes for 15 or what?

[14:24] {KSystems} at +100% now

[14:27] {dino} out amzn .80, +.40

[14:27] {Threei}  nice

[14:27] {dino} ty

[14:27] {dino} just dinking around

[14:28] {Threei}  started out rather slow but turned to be a beautiful day

[14:29] {Threei}  wow

[14:29] {Threei}  what happened to oil just now?

[14:35] {Threei}  US REP FRANK: A LARGE CONSENSUS HAS BEEN REACHED THAT SOMETHING MUST HAPPEN FOR AUTOMAKERS, BUT THAT IS NO 'GUARANTEE OF SUCCESS'

[14:35] {Threei}  {GM F}

[14:37] {dino}  thin, sm, l erie .20

[14:40] {dino} i must buy magoo a beer, i asked him up or down when -50, he said up

[14:41] {Geo} ne calls vad?

[14:42] {Threei}  you don't think I have them but hide them?

[14:42] {Geo} in your cave?

[14:43] {KSystems} in secret 99k$ room

[14:43] {KSystems} (discounted rate, batteries not included)

[14:43] {Threei}  your mileage may vary

[14:43] {Threei}  objects in mirror may appear closer than they are

[14:44] {Geo} ok jumped in amazon as it lagged to go to its HOID

[14:44] {Geo} nice.....

[14:45] {Threei}  don't forget to jump out

[14:45] {Geo} it has some more juice

[14:45] {Threei}  Geo the Juicer

[14:46] {Geo} in from .77 

[14:46] {Geo} 500 left

[14:47] {Geo} out .34

[14:47] {Threei}  wtg

[14:47] {dino} gj

[14:47] {Geo} covered first half too early.... oh well....

[14:47] {Geo} i love your lag plays vad

[14:48] {Threei}  for the most part easy money

[14:48] {Geo} hmmm

[14:48] {Geo} still going

[14:48] {Geo} nice up day today

[14:51] {Geo} didnt expect that with this NFP

[14:53] {Threei}  one more push upward is in order it feels

[14:54] {magoo} whats the play?

[14:55] {Threei}  Qs from around .50

[14:57] {dino} bad news is good news, hmmm

[14:57] {Threei}  yup

[14:58] {dino} stalking pru

[14:58] {Threei}  no pullback so far

[14:59] {dino} its coming 3:05ish, imo

[15:00] {Threei}  OCT CONSUMER CREDIT: $-3.5 V $2.0BE

[15:00] {dino} negative?

[15:01] {Threei}  looks like

[15:01] {magoo} HOIG 15

[15:01] {magoo} hih

[15:01] {magoo} HIG

[15:01] {magoo} sigh

[15:03] {magoo} now..down 500 points or up 300 points??

[15:03] {dino} bam

[15:03] {dino} [14:59] {dino} its coming 3:05ish, imo

[15:03] {dino} same as yesterday

[15:03] {Threei}  bounce Qs for scalp soon

[15:04] {Threei}  scalp only

[15:05] {Threei}  13 cents

[15:06] {Threei}  anyone?

[15:06] {Geo} still in from .46

[15:06] {wishbone} hesitated at .41

[15:06] {Threei}  don't oversit, market became nervous

[15:07] {Geo} out

[15:07] {Geo} all out .6

[15:13] {magoo} 16 vad}??

[15:13] {Threei}  lol, I already out of guesses on HIG

[15:14] {Threei}  16, 18... anything's possible

[15:14] {Threei}  12 too

[15:14] {magoo} ok..lots of help he he

06[15:15] * Threei slaps magoo around a bit with a large Self-Help Manual

[15:15] {dino} sm s pru .44 risky

[15:16] {dino} that sucked

[15:18] {magoo} maria schriver just called a bottom

[15:18] {Threei}  uh oh

[15:18] {Geo} sitting in amzn

[15:18] {dino} sell the rips boys, +6% from todays' low

[15:19] {dino} 8600 area hasbeen major resistance thos week, altho gap at 8828

[15:19] {magoo} we got a big sh#t sandwichje here..and ya'll gotta take a bite

[15:19] {dino} 871 s&p too

[15:20] {Threei}  big drop HIG

[15:20] {Geo} scratched amzn

[15:21] {Geo} bonds bounced of bottom

[15:28] {Geo} sheesh forgot... bonds pit closed at 12:00 pst....

[15:28] {Geo} vol negligible now

06[15:29] * dino slaps Geo around a bit with a large trout

06[15:30] * Geo slaps Threei around a bit with a large weekend not here yet banner

06[15:31] * magoo slaps Geo around a bit with a large book of Techniques of Tape Reading

06[15:31] * Threei slaps Geo around a bit with a large My Weekend started Yesterday But I Still Found a Lot of Profitable Trades for Ya banner

[15:31] {Geo} rich and hated

06[15:31] * magoo slaps Threei around a bit with a large with mossyback smokey ghost droppings

[15:31] {Threei}  dream coming true eh?

[15:31] {Threei}  lol

[15:31] {Geo} not yet but working on it

[15:32] {Geo} what is that magoo?

[15:32] {Threei}  magoo really gets in this century stuff

[15:32] {magoo} deer poop

[15:32] {Geo} oooooh

[15:33] {dino} ok, wed. hod dji

[15:33] {Geo} sitting in amzn

[15:34] {KSystems} since?

[15:34] {Geo} .48

[15:34] {Geo} and half out

[15:34] {Threei}  asince he got parachuted in rain forrest

[15:34] {Geo} .68

[15:34] {Geo} ok out rest

[15:34] {Geo} dont want neg stops late in day

[15:35] {Threei}  come on... rain forrest? Amazon?

[15:35] {Threei}  sigh

[15:35] {Geo} hehehe

[15:35] {KSystems} sigh

[15:35] {Geo} too busy clicking buttons

[15:35] {KSystems} its friday vad

06[15:35] * Threei gives up

06[15:35] * Threei will never make another joke again

[15:35] {Geo} promise?

[15:35] {KSystems} I'm sitting in bathtub

[15:35] {KSystems} i shouldnt have said that

[15:35] {Geo} too much detail K

06[15:36] * Threei phones Seinfield and admits defeat

[15:40] {dino} out erie .58, +.38

[15:40] {dino} dino kicks radio into tub

[15:41] {dino} cov pru .04, +.40

[15:41] {dino} what, did everyone quit?

[15:42] {Threei}  I did, yesterday

[15:43] {Threei}  but dino,

[15:43] {Threei}  if you want real effect, kick toaster in KS's tub

[15:43] {dino} ahhh

[15:43] {Geo} man you guys.... dont like him much

[15:43] {Threei}  whom?

[15:43] {Threei}  I mean, Geo,

[15:43] {Geo} the guy in the tub

[15:43] {dino} sorry i'm such a late trader, just can't seem to figure a.m. out

[15:43] {Threei}  how do you intend to distinguish pne particular person among all those we don't like?

[15:44] {dino} over goal, in any case

[15:44] {Geo} its ok dino  we still love ya

[15:44] {patience} at least you are trading dino, i'm sitting this week out it seems

[15:44] {Geo} staill same goal dino?

[15:44] {dino} yeah, $7 beans

[15:44] {Geo} nice :)

[15:44] {Geo} ill increase my daily next year

[15:44] {Geo} having too much fun saying 2x

[15:44] {dino} 1.20

[15:45] {Geo} very nice

[15:45] {Geo} .6 here

[15:45] {dino} \gj geo, seriously, i see you "getting" the gut feel

[15:45] {Geo} yeah working on it

[15:45] {Geo} but gut increasing though :)

[15:46] {dino} we should call this the adam sandler market, 7 crazy days

[15:46] {dino} gj

[15:46] {Threei}  Geo... why would you want to do that?

[15:46] {Threei}  I mean, increase share size when you are ready is fine

[15:47] {Geo} not ready yet

[15:47] {Threei}  but why increase pressure on yourself by raising daily goal?

[15:47] {Geo} some time next year

[15:47] {Threei}  enjoy 2x, 5x,

[15:47] {Threei}  keep expectations low,

[15:47] {Threei}  stay humble

[15:47] {Geo} i love saying that lol

[15:47] {Threei}  lest market humbles you

[15:47] {Geo} 3 x today

[15:47] {dino} good point vad

[15:48] {Threei}  when you inrease mental pressure, you tend to start pushing

[15:48] {Geo} expectation is .5 a day by end of nex year

[15:48] {Threei}  I noticed many years ago,

[15:48] {Geo} so lets see

[15:48] {Threei}  my best days come when I decide for myself:

[15:49] {Threei}  I am not going to tarde today at all

[15:49] {Threei}  will watch

[15:49] {Geo} ok

[15:49] {Threei}  maybe something very compelling comes along, then ok, I'll take it

[15:49] {Threei}  guess what

[15:49] {Threei}  quality of trades increase multifold

[15:49] {dino} geo, if i may, hat = .5?

[15:49] {Threei}  % of wins is incredible

[15:50] {dino} 7 beans = 700

[15:50] {Geo} yes

[15:50] {Geo} .5 is 500

[15:50] {Geo} no i average 200 a day

[15:50] {dino} ok, fantastic buddy

[15:50] {Geo} not in your leage dino :)

[15:50] {Threei}  then I come in, thinking, OK, I need to make $xxx today

[15:50] {Threei}  well... smack on the head comes quickly and inevitable

[15:51] {Geo} good observation vad

[15:51] {Threei}  and for some reason always from the right side

[15:51] {dino} indeed vad you are correct, the pressure gets to me

[15:52] {Threei}  yeah, gotta remind ourselves now and then, there is no such thing as work ethics or steady payment we are entitled for in this business

[15:52] {Geo} no????

[15:52] {Geo} man i need to start a para sailing business in bali

06[15:52] * Threei slaps Geo around a bit with a large Business Code of Conduct

06[15:53] * Geo slaps Threei around a bit with a large how to be rich and hated manual

[15:53] {dino} sm s erie .56 stop hod

[15:53] {Geo} wow dino still chugging along

[15:53] {Geo} good thing he doesnt trade forex heheheheheh

[15:54] {dino} its trade or drink, magoos fault

[15:54] {dptl} have a good weekend all

[15:54] {dino} u2 dp

[15:54] {Threei}  take care dp

[15:57] {Threei}  look at HIG

[15:57] {Threei}  quite something

[15:59] {dino} erie, pain, can't get out of w/gap

[15:59] {dino} gone to .30 wide

[16:00] {dino} hmmm

[16:00] {Geo} watching it... amazing

[16:00] {Threei}  OK guys

[16:00] {dino} yeah, i'll be dealing w/it tonight

[16:00] {Threei}  veru nice day to a very nice week

[16:00] {Threei}  no single losing day

[16:01] {Threei}  have a great relaxing weekend

[16:01] {Geo} K you paged?

[16:01] {dino} i was down yesterday, blew 9 day streak

[16:01] {Threei}  see you Monday

[16:01] {magoo} ty all

[16:01] {Geo} i was down one day.... due to my own stuff.... not too big though

[16:01] {Geo} thanks guys

[16:01] {dawg} thanks all have a great weekend

[16:02] {dino} thx all, appreciate the ideas/help

[16:02] {KSystems} have a great weekend all

Very nice scalping day. No stellar trades but very consistent and enough to call it a solid profitable one

Session Time: Thu Dec 04 00:00:01 2008

[08:43] {KSystems} You repaired it!

[08:43] {Geo} gm

[08:43] {Threei}  sigh

[08:43] {Threei}  good morning

[08:43] {Geo} no history vad?

[08:43] {magoo} morn

[08:43] {Threei}  hi mags

[08:44] {Threei}  can't tell Geo, was too long since anyone said anythiing

[08:44] {Threei}  you'll have to doscinnect aand reconnect

[08:44] {Threei}  and see if you get this exchange

[08:44] {Geo} got it thanks

[08:45] {magoo} vad..u dothe 11/20 download?

[08:45] {magoo} laser?

[08:45] {Threei}  no

[08:45] {magoo} me neither

[08:47] {Threei}  I need to be dragged into new things, kicking and screaming

[08:47] {magoo} i have to do a system scan, be back in 20 mins

[08:47] {Threei}  that's something normal people schedule for 3 am Sun

[08:52] {magoo} i remember at one point laser was doing a new download every week..what a pain in the arse

[08:53] {Threei}  they were in a development spree :)

[08:58] {dino} gm all

[08:58] {Threei}  dino :)

06[09:00] * laserdave1 slaps magoo around a bit with a large trout

[09:00] {Threei}  gosh

[09:00] {magoo} sheesh

[09:00] {Threei}  someone give this man more sophisticated tools

[09:00] {laserdave1} o hey morning   :)

[09:00] {Geo} not bad

[09:00] {Threei}  he will look more modern

[09:00] {Threei}  room won't smell as fish

[09:00] {laserdave1} u can say whatever excuses u want

[09:00] {Threei}  search engines won't sent fishermen to our site

[09:01] {laserdave1} did u know i actually still look like a caveman?

[09:01] {magoo} dave prob just got home from all nite poker tourny he he

[09:01] {laserdave1} hehe

[09:01] {laserdave1} just up early is all

[09:01] {laserdave1} wonder what the market will give us today?

[09:02] {Threei}  I don't care dave... caveman or not, make sure you have tie on when you enter the room - even if you don't have shirt on

[09:02] {cosmo} just tie one on...

[09:03] {laserdave1} u gys are a bit weird............

[09:03] {laserdave1} just a tie.............

[09:03] {Threei}  we?

[09:03] {Threei}  weird?

[09:03] {Threei}  two questions for ya

[09:03] {Threei}  1. what else is new?

[09:03] {cosmo} if i had a web cam, maybe...

[09:03] {Threei}  2. how does it mean you don't fit in?

[09:04] {Threei}  Geo... could you help him get and learn new tools for slaps?

[09:04] {Threei}  same goes for magoo

[09:04] {Threei}  'let's turn pillow fight into gentlemanly exchange

[09:04] {cosmo} of fish

[09:05] {Threei}  maybe we can fool someone and make them think we are gentlemen

[09:05] {cosmo} from the sea

[09:05] {Threei}  (not much chance, I know)

06[09:05] * laserdave1 slaps Threei around a bit with a large trout

[09:05] {Geo} vad just send em the email you sent me

[09:06] {Geo} i dont have their emails to send them the file

06[09:06] * Geo slaps laserdave1 around a bit with a large roulette wheel

[09:06] {laserdave1} haha

[09:06] {laserdave1} thats good

[09:09] {Threei}  as if I can find it easily

[09:10] {cosmo} MNKD: # MannKind Reports Positive Results from Final Two Pivotal Phase 3 Clinical Studies in Type 1 and Type 2 DiabetesPR Newswire(Thu 8:00am)

[09:10] {KSystems} if you dont find it i can send it to you once more

[09:10] {Threei}  nah I will

[09:10] {Threei}  just later in the day

[09:11] {cosmo} SNDK pr mkt high = 8.20  fwiw

[09:11] {magoo} what? i gotta download something to slapfest

[09:11] {Threei}  no... little file, takes 1 second to replace

[09:14] {Onix} Good morning all

[09:14] {Threei}  onix :)

[09:16] {lisa_jay} Good Morning everyone.

[09:16] {Threei}  lisa :)

[09:17] {hawkfan4} gm all

[09:17] {Threei}  hawk :)

[09:18] {Onix} hi lisa; hawk

[09:20] {Threei}  12/03/08 07:54pm

[09:20] {Threei}  [SNDK] Sandisk Corp Toshiba spokesman reiterates company has no intention to buy Sandisk

[09:20] {Threei}  - Note: Shares of SanDisk soared more than 25% Wednesday on speculation that Toshiba was considering buying it.

[09:21] {cosmo} oh

[09:21] {cosmo} needs to hold 8

[09:29] {ese} good morning

[09:29] {Threei}  ese :)

[09:29] {dino} giddy-up

[09:30] {Onix} hi ese

[09:31] {Threei} Long Setup:  C  .76 if stays above .65

[09:32] {ese} hey onx

[09:33] {Onix} in .76

[09:34] {Threei}  .60 and .50 are valid support levels as well, I just want to keep the tightest and re-enter if new setup forms

[09:34] {wishbone} gm all

[09:34] {magoo} in .75

[09:34] {Threei}  wishbone :)

[09:34] {magoo} bone:)

[09:35] {Onix} hi wishbone

[09:36] {wishbone} mornin' onix

[09:36] {wishbone} magoo

[09:37] {Threei}  watching AMZN for pullback

[09:37] {dino} fdo l .50

[09:40] {ese}  L YRCW .20   barely

[09:40] {magoo} GS should pull up C

[09:41] {Threei}  not much of pullback on AMZN

[09:41] {Threei}  I hoped for 47.50 at least

[09:41] {magoo} nutso strong

[09:42] {Threei}  decide if you want to take scalp or partial out on C

[09:42] {Threei}  my choice is partial

[09:42] {magoo} im waiting .97

[09:42] {Threei}  half out .88

[09:43] {magoo} OUT TY

[09:43] {Threei}  welcome sir

[09:43] {Threei}  1/4 more out

[09:43] {Threei}  a bit too sharp spike

[09:43] {peterg} gd morning!

[09:43] {Threei}  peter :)

[09:44] {Threei}  out in full

[09:44] {Geo} all out .98 vad

[09:44] {Geo} TY

[09:44] {dino} out fdo .82, +.32

[09:44] {Threei}  geo :)

[09:44] {Threei}  onix?

[09:44] {Onix} out last 1/4 .98

[09:45] {Onix} ty vad

[09:45] {Threei}  cool

[09:45] {Threei}  yw

[09:45] {magoo} nice work guys

[09:45] {dino} gj

[09:46] {wishbone} sweet

[09:51] {ese} out YRCW  .52 +.32  lot and a 1/2

[09:52] {Threei}  wtg

[09:52] {ese} tks vad

[09:52] {Threei} Short Setup: DELL  .24 if stays below .35

[09:52] {ese} orginally 1/2 lot but when i saw the momentum added the other lot

[09:53] {dino} nice es

[09:53] {ese} tks dino

[09:56] {magoo} kiss of death

[09:56] {magoo} cramer called dow 73590 was the low

[09:57] {magoo} 7350

[09:57] {hawkfan4} we're doomed

[09:57] {ese} YRCW....nice move ...made it to 6.00

[09:58] {dino} yeah magoo he called july low the low, then oct low the low, now nov.; eventually he will be right

[09:58] {hawkfan4} exactly dino, even a broken clock...

06[09:58] * Geo slaps magoo around a bit with a large grandfather clock

[09:59] {hawkfan4} lol

[09:59] {dino} lol hawk

[10:00] {Threei}  OCT FACTOR ORDERS: -5.1% V -4.5%E

06[10:00] * magoo slaps Raven around a bit with a large trout

[10:00] {dino} shocking

[10:02] {Raven}  hey!

[10:03] {lisa_jay} All bad eco data being bought.

[10:03] {Threei}  no kidding

[10:03] {magoo} shot a few crows last week..was thinking of u lol

[10:04] {Geo} awwww

[10:04] {cosmo} old crow?

06[10:04] * Geo is glad he is faaaar away from magoo

[10:05] {peterg} in DELL or watching

[10:05] {Threei}  it never triggered

[10:05] {peterg} rt

[10:05] {Raven}  sheesh

[10:06] {Threei} Long Setup:  CBST  small shares .45 if stays above .20

[10:08] {Threei}  UAUA

[10:09] {Threei}  watching for pullback entry

[10:11] {Threei}  quick dive into .30

[10:12] {Threei}  WHITE HOUSE PRESS SEC: HAS NO COMMENT ON REPORT OF NEW TREASURY PROGRAM FOR MORTGAGES

[10:12] {Threei}  - says the Treasury is considering alot of different ideas related to mortgages

[10:12] {Threei}  - Reminder: on 12.03 WSJ reported that US Treasury considering plan to stop housing prices from falling further, through lowering mortgage rates with FNM and FRE. The plan could reduce rates for newly issued loans to as low as 4.5%

[10:13] {magoo} mkts weak here

[10:14] {Threei}  volume is distributed kind of evenly throughout ups and downs

[10:14] {Threei}  hard to gauge the mood

[10:14] {Geo} dell invalid vad?

[10:14] {Threei}  yes

[10:21] {Threei} Short Setup: RIMM  38 break if stays below 38.20

[10:21] {Threei}  reverse the setup if market jumps up

[10:22] {ese} someone take a look at the DRYS 1 min chart...if it breaks 4.20  it may go for a bit.....opinions

[10:22] {Threei}  looks right to me

[10:22] {ese} bumped up agains 4.20 3 times now

[10:22] {dino} fdo l .60

[10:23] {ese} b stop .22 DRYS

[10:24] {ese} high of the day

[10:24] {magoo} lonmg rimm .16

[10:24] {wishbone} in rimm

[10:24] {Geo} in

[10:25] {Geo} .22

[10:26] {magoo} magoo lights fire under naz butt

06[10:26] * Threei pours gasoline in that fire

06[10:26] * Geo gets the marshmellows

[10:27] {Threei}  decide between scalp and partial around .40 - .45

[10:27] {magoo} magoo rolls around on ground..threei hit him with a lil gas by accident

[10:27] {Geo} that stinks magoo

[10:27] {Threei}  accident?

[10:27] {Raven}  {----------- pours more gasoline on the crow shooter

[10:28] {Threei}  there you go

[10:28] {peterg} out Rimm for +.14 ty

[10:29] {dino} dino walks away

[10:29] {Threei}  welcome

[10:29] {peterg} RIMM again?

[10:29] {Threei}  market dependent

[10:29] {peterg} chk

[10:30] {wishbone} rimm out +.11 then stoopped for rest

[10:31] {Geo} still in.... didnt take scalp

[10:31] {Geo} vad?

[10:31] {Threei}  in

[10:31] {magoo} im in 

[10:31] {magoo} but do u thingy

[10:31] {Geo} yeah i figured

[10:31] {magoo} thinking .80 area

[10:31] {Geo} too busy gifhting fireside lol

[10:31] {magoo} needs market

[10:31] {Onix} in rimm .22

[10:32] {Geo} fighting

[10:32] {dino} fdo stopped -.22

[10:36] {Onix} half out rimm .42

[10:36] {Geo} nice

[10:36] {Onix} ty

[10:36] {Geo} i chechened and exited half on previous high

[10:36] {Geo} chickened

[10:37] {Threei}  out in full

[10:37] {Threei}  .41

[10:38] {magoo} waiting .63

[10:39] {magoo} but could exit anytime

[10:40] {magoo} should make it

[10:41] {Geo} amzn going to high

[10:41] {dino} layn l .22

[10:43] {magoo} out rimm here .67

[10:43] {magoo} oops.45

[10:44] {magoo} duh

[10:44] {magoo} thanx vader

[10:44] {Threei}  :)

[10:46] {Geo} wow

[10:46] {Geo} hadnt pulled cbst

[10:47] {Geo} just got targets filled

[10:47] {Geo} lol

[10:47] {ese} casual trading here...noticed my bstop was hit L DRYS .23

[10:49] {patience} no trading here, not my market yet

[10:52] {dino} fdo l .00

[10:52] {ese} definately the wrong way to trade.......was looking at and reading stuff  and didn't even notice I was hit

[10:53] {ese} out DRYS .44

[10:53] {ese} + ,21   3/4 lot

[10:53] {wishbone} nw

[10:54] {Geo} grmnstrong

[10:54] {Geo} heh grmn strong

[10:56] {ese} you get the feeling that DRYS is big time oversld.......like eveything else

[10:59] {Threei}  QQQQ pullback under .70 for long entry

[11:00] {Threei}  ideally, .60 - .65 zone

[11:02] {Geo} stop?

[11:03] {Threei}  it's not there yet...

[11:03] {Threei}  scenario I am looking for is .60 holding and providing support for a stop placement

[11:04] {Geo} ok

[11:04] {dino} you need a waitress w/that order vad, :)

[11:04] {Geo} .61 is close

[11:07] {Threei}  US SEN SHELBY COMMENTS THAT HE IS OPPOSED TO BAILOUT OF THREE AUTOMAKERS, CONCERNED THAT ORIGINAL PRICE TAG OF $25B HAS INCREASED TO $34B IN SHORT PERIOD OF TIME

[11:07] {Threei}  - Reminder 11/18 :Senator Shelby: There is pretty much nothing the heads of the Big Three can say to convince me they deserve a bailout

[11:07] {Threei}  first strength from here

[11:09] {Threei}  still unclear

[11:10] {dptl} good morning all

06[11:10] * magoo slaps dptl around a bit with a large trout

[11:10] {Threei}  hi dp

[11:10] {dptl} :)

[11:12] {Threei}  still unclear.50 break if holding above .45

[11:13] {Threei}  if loses .45, not sure

[11:13] {Threei}  in

[11:13] {Threei}  .43 - .44 stop

[11:14] {magoo} in.51

[11:14] {magoo} where u in

[11:14] {Threei}  .50

[11:14] {wishbone} in .5

[11:14] {magoo} grrrrrr

[11:14] {peterg} me .52

[11:15] {Threei}  half out .60

[11:16] {Threei}  stop .49, offering .69

[11:17] {lisa_jay} 10c in Q's Thanks Vad.

[11:17] {Threei}  :)

[11:20] {magoo} waiting .68

[11:20] {ese} have a great day all ...gota go

[11:20] {magoo} u to es

[11:20] {ese} see ya mags

[11:22] {Threei}  taje care ese

[11:22] {magoo} out .68 TY boss he he

[11:22] {Threei}  easy money

[11:23] {wishbone} q's +.11, +.17 ty3i

[11:25] {Threei}  :)

[11:25] {peterg} ty vad, made some. but desperately need patience training, to wait for best or better price

[11:26] {peterg} I am classic example of fear limiting upside movement

[11:27] {wishbone} workin' on same thing pterg...like the profit..hate the pullbacks

[11:27] {wishbone} peterg

[11:27] {peterg} Current solution: increase share size, cuz I can only stay in so long

[11:27] {Geo} wo

[11:28] {Geo} dont know if thats a good one peter

[11:28] {peterg} right

[11:28] {peterg}  exercise caution

[11:28] {peterg} and not insanely large

[11:29] {peterg} bearing risk rules in mind

[11:29] {peterg} this game is for me a stomach game

[11:29] {peterg} how much can stomach take

[11:29] {peterg} very interesting

[11:29] {wishbone} like vad said yesterday...conditioning of mind

[11:29] {peterg} learning to relax while price fluctuates

[11:30] {wishbone} i feel your pain

[11:30] {peterg} thks

[11:30] {peterg} not so much pain, tho, as I think just basic combination of desire and fear.

[11:30] {wishbone} follow vads entry, stop ,exit plan and adjust size to your stop $ tolerance

[11:31] {magoo} hard part is to learn to let your winneres.."win"

[11:31] {peterg} Exactomundo

[11:31] {wishbone} i heard that

[11:31] {peterg} right, too right, magster

[11:31] {Geo} agree magoo... have learned fro you in that dept

[11:31] {peterg} ditto

[11:31] {wishbone} the partial outs help that...easier to let remaining go w/ stop on remander at b/e

[11:32] {peterg} yeah, I seem t o resist doing that

[11:32] {peterg} I dont want to adjust the share size on the little screenie weenie

[11:32] {peterg} and what is half of 500? 250?

[11:32] {peterg} I have to scroll it in?

[11:32] {wishbone} it has helped minimize trading fees cutting into my day

[11:32] {Geo} lol

[11:32] {Geo} i do 300 200

[11:32] {wishbone} i do 200 sometimes 300

[11:33] {peterg} I get it

[11:33] {peterg} I'll try it.

[11:34] {peterg} back in 30, thanks for counsel

[11:36] {Geo} oil is dead

[11:37] {Geo} when is NFP vad?

[11:37] {Threei}  NFP?

[11:38] {Geo} non farm payroll

[11:41] {Threei}  tomorrow 8:30

[11:41] {Geo} have feeling thats why choppy

[11:43] {Chaeron} good morning all

06[11:43] * Chaeron slaps laserdave1 around a bit with a large trout

[11:43] {Geo} hey chaer

06[11:43] * magoo slaps Chaeron around a bit with a large trout

[11:44] {Chaeron} hi Geo, Mags

[11:49] {Threei}  chaeron :)

[12:25] {peterg} ok, 34 minutes of radio silence.

[12:25] {peterg} actually 36

[12:25] {Threei}  lol

[12:25] {Threei}  we are meditating

[12:26] {peterg} a hush fell over the crowd as it stared at the awesome........

[12:26] {Threei}  om mani padme whom

[12:26] {Geo} oh........ vad didnt tell you about the supersecret room

[12:26] {Geo} vad chaer and maggo

[12:26] {Geo} no onle else allowed

[12:26] {peterg} they keep all the really good trades to themselves

[12:26] {Geo} they "meditate"

[12:27] {Threei}  yup... but I have suspicion chaeron leaks them

[12:27] {magoo} i thought i was disconnected

[12:27] {peterg} i checked; ping good

[12:27] {Threei}  otherwise why would no one agree to pay small administrative fee of $99,999.99/month for that room

[12:27] {peterg} vad, that

[12:28] {peterg} s the discounted rate

[12:29] {Threei}  yeah

[12:42] {Threei}  looks like uopward wave is about to start

[12:42] {Threei}  QQQQ, watching for antry around .35

[12:43] {Threei}  and UAUA .50 break

[12:44] {Threei}  ELN

[12:44] {Threei}  HEARING TAKEOVER CHATTER CIRCULATING

[12:49] {Threei}  took .37

[12:49] {Threei}  stop under .30

[13:00] {Threei}  IMF CHIEF ECONOMIST: GLOBAL ECONOMY HAS STEPPED BACK FROM THE BRINK OF ECONOMIC DISASTER

[13:01] {Threei}  stopped Qs

[13:02] {Geo} stopped

[13:16] {Threei}  UAUA is avove 1:1, and looks strong still

[13:17] {Threei}  half out .62

[13:25] {magoo} q worth a shot here long imo

[13:25] {magoo} .21

[13:27] {magoo} .07 stop

[13:40] {Threei}  chaos

[13:41] {Threei}  amazingly enough, one of less chaotic stocks is one that used to be an embodoment of chaos - UAUA

[13:47] {Threei}  1/4 more out .68

[13:51] {magoo} my q long 1:1 here

[13:52] {magoo} out here .35

[13:52] {magoo} + .24

[13:52] {Threei}  wtg

[13:53] {wishbone} nice

[13:54] {magoo} any takes?

06[13:54] * magoo slaps laserdave1 around a bit with a large trout

[13:56] {Threei}  out UAUA in full .75

[13:57] {dino} gj

06[13:58] * Threei slaps KSystems around a bit with a large request to look his dcc

[13:58] {KSystems} *yawn*

[13:58] {KSystems} huh?

[13:58] {KSystems} oh sorry

[13:58] {Threei}  lol

[14:12] {Threei}  didn't expect that from UAUA

[14:13] {magoo} did u expect this................????????//

06[14:13] * magoo slaps Threei around a bit with a large trout

[14:13] {Threei}  sigh

[14:13] {Threei}  ask geo already for that file

[14:14] {Threei}  just how long I am going to get angry e-mails from fishermen "we went to your sitre, there is nothing about fishing!!"

[14:21] {magoo} l aapl small .40

[14:25] {peterg} made .11 tks mags

[14:26] {magoo} gj

[14:27] {magoo} my exit with mkt help is around 93

[14:27] {magoo} stop 92.03

[14:29] {peterg} thks

[14:29] {peterg} strategy helpful

[14:30] {peterg} if im ever to get beyond hit and run scalping, which I do enjoy

[14:31] {peterg} back in hr

[14:35] {magoo} 93

[14:35] {magoo} out

[14:36] {magoo} ty vad

[14:36] {Threei}  ?

[14:36] {wishbone} nw

[14:36] {magoo} for trade

[14:36] {Threei}  I'll take credit if you insist

[14:37] {Threei}  but let it be on record, I resisted

[14:37] {Geo} not very hard though

[14:38] {Threei}  no, I am too lazy for that

[14:39] {Threei}  CEO: IF SALES ASSUMPTIONS HOLD TRUE, GM WILL NOT BE BACK ASKING FOR MORE AID FROM CONGRESS

[14:45] {magoo} jeez..look at qqqq

[14:46] {dino}  drop-ola

[14:46] {dino} like gm's sales assumptions ever hold true

[14:47] {Threei}  DOE SPOKESMAN: THE DOE HAS NOT REJECTED LOAN APPLICATIONS FROM AUTOMAKERS, REFUTING PRIOR STATEMENT FROM SEN CORKER

[14:47] {Threei}  - DoE had informed the automakers that their loan applications were incomplete.{GM F}

[14:48] {dino} casy

[14:48] {Threei}  can you believe all the scrutiny these guys go through for a fraction of money given to banks with not as much as page of a plan?

[14:52] {dino} but., aside from the banks, .why should they get it? whatever happened to capitalism? whatever happened to "pride"? these guys have turned into beggers.

[14:52] {dino} where does it end i guess is my question

[14:52] {Geo} i dont think its just these guys

[14:53] {Geo} the entitlement culture is widespread

[14:53] {Geo} i watch the kids in amazement....

[14:53] {Geo} no wars does that

[14:53] {dino} thats the problem, it's the new america, "not my fault" and don't hurt anyones feelings

[14:54] {Geo} one has to see bad times to appreciate the good ones really

[14:54] {Geo} i am amazed how i have to walk on egshells when i go to kids school

[14:54] {dino} responsibility is not required anymore

[14:54] {dino} discipline frowned on

[14:55] {dino} what do they expect

[14:55] {Geo} the touchy feely is killing me.....

[14:55] {Threei}  no kidding

[14:55] {dino} indeed, it is ruining us

[14:55] {Threei}  political correctness

[14:56] {Threei}  no one is ever wrong

[14:56] {dino} touchy feely, entitlements, no responsibility

[14:56] {Geo} so i had an interesting conversation wit my dishnetwork guy

[14:56] {Geo} was about 50 and was on my roof

[14:56] {Geo} he complained his kids or anyone didnt want to work hard anymore..... and california was doomed

[14:57] {Threei}  worst aspect of all this is, decades of excess created a situation where consequences of bailing them out or letting them fail are equally horryfing

[14:57] {dino} it's that way here too

[14:57] {Geo} he kept lamenting how manual labor wasnt cool anymore

[14:58] {patience} labourers start at $20/hr and good luck finding someone

[14:59] {Geo} so his definition was..... if you see a white guy in los angeles making something... thats recession

[14:59] {Geo} if he actually does manual labor.... its depression

[14:59] {Geo} lol

[14:59] {dino} lol

[15:00] {Geo} and i thought about it........ i dont see any

[15:01] {Geo} the story if USA has been belttightening and winning against any odds

[15:01] {Geo} last 30 years that story has been lost

[15:01] {Geo} anyway... ill stop my lament

[15:02] {Threei}  and this is the last pillar of what used to be capitalism

[15:02] {Threei}  the rest went down that road even earlier

[15:02] {Geo} exactly

[15:02] {Threei}  first time in my life I am glad I am not 20 anymore

[15:02] {Geo} man just when i beg borrow steal and show up here... they change the game

[15:02] {Threei}  I don't want to see what happens 40 years down this road

[15:03] {dino} thats what gets me geo, the rule changes. they were fine for them to make millions, but now it's unfair

[15:03] {Geo} privatization of reward..... socializatin of risk

[15:04] {Geo} you know but i really belive its always socialist at the top

[15:04] {dino} it is, it's the academics

[15:04] {Geo} capitalism is a stick to beat others with

06[15:05] * Threei slaps Geo around a bit with a large Communist Manifesto

[15:05] {Threei}  A spectre is haunting Europe -- the spectre of communism.

[15:05] {Geo} i mean think about it....... we alwyas want markets in agrarian countries to open up without giving up farm sunsidies

[15:06] {Geo} my boss keeps quoting..... remember this is the best country money can buy

[15:06] {Geo} lol

[15:06] {dino} we just lost 200 pts in 20 minutes

[15:06] {Threei}  with no news

[15:06] {Geo} money flying to bondd

[15:06] {Geo} day high

[15:06] {Threei}  watching UAUA for bounce

[15:08] {dino} the tlt is amazing me, with this spending. just a matter of time and it collapses

[15:09] {Threei}  SLW

[15:09] {Threei}  bounce candidate

[15:10] {Threei}  in

[15:10] {Threei}  stop eiether ridiculously tight, right under .20,

[15:11] {magoo} wherre?

[15:11] {Threei}  or a little more sane, like .15

[15:11] {Threei}  .21

[15:11] {magoo} .22

[15:12] {wishbone} .22

[15:12] {Geo} took uaua for .1

[15:12] {Threei}  :)

[15:15] {magoo} out slw .20

[15:15] {magoo} mkt crashing

[15:19] {Geo} out slw

[15:20] {Geo} made 1.5x.... dont want to spoil that

[15:20] {Geo} -.02

[15:22] {Geo} dod? you see that vol spike on NQ va

[15:22] {Geo} do you vad ? lol

[15:23] {Threei}  volume increases

[15:23] {Threei}  I don't see any outstanding spike

[15:23] {Threei}  15:07 is one more or less

[15:23] {Geo} y

[15:32] {wishbone} vad...still in slw?

[15:33] {Threei}  yeah

[15:33] {Threei}  scalping UAUA on bounces meanwhile

[15:33] {Threei}  observe it a little, it's quite obeying

[15:33] {Geo} unlike us.... vad sticks to his stops

[15:34] {magoo} uaua entry?

[15:34] {Threei}  can't give it in time

[15:34] {Threei}  either you get a feel for it or stay away

[15:35] {Threei}  this is good point for market to bounce

[15:35] {Threei}  if it doesn't use it, can drop like a stone

[15:35] {Threei}  so it better

[15:38] {dino} bday -317

[15:38] {dino} never see +317

[15:38] {dino} 3:40 bounce time coming

[15:38] {Threei}  ok market

[15:38] {Threei}  now or never

[15:40] {Threei}  out SLW

[15:40] {wishbone} out -.09

[15:41] {magoo} q lonmg bounece vad}/

[15:41] {Threei}  feels to me yes but I prefer to scalp UAUA

[15:41] {Threei}  got 14 cents

[15:42] {Threei}  SEN DODD: HOPES CONGRESS CAN PUT SOMETHING TOGETHER IN NEXT 1-2 DAYS TO ASSIST AUTOMAKERS

[15:44] {dino} thers the 100 pt bounce

[15:44] {dino} theres

[15:44] {magoo} nuts

[15:44] {Threei}  you took anything for bounce mags?

[15:44] {magoo} aapl fom .40 to .84

[15:44] {Threei}  kewl

[15:44] {magoo} 500

[15:44] {Threei}  even kewler

[15:45] {magoo} watching amzn here,,u?

[15:45] {Threei}  no

[15:45] {Geo} man the last hour is the hour of power these days

[15:45] {magoo} i dont have a read on UAUA

[15:45] {magoo} need a call on that

[15:45] {Threei}  UAUA is a beautiful scalping vehicle

[15:46] {magoo} where u entering? like .14

[15:46] {Threei}  it changes all the time mags...

[15:46] {magoo} i just dont see it

[15:46] {Threei}  last one was .28 - .39

[15:46] {Threei}  observe it a bit, papertrade a few times, you'll get a feel for it

[15:47] {Geo} laser has papertrade/

[15:47] {Geo} ?

[15:47] {Threei}  ?

[15:47] {Threei}  you have paper?

[15:47] {magoo} ???

[15:47] {Geo} no

[15:47] {Geo} so asking

[15:47] {Threei}  I'll try again...

[15:47] {Threei}  you have paper, as in paper sheet? :)

[15:47] {Geo} sheesh

[15:48] {Geo} medieval

[15:48] {Threei}  come on

[15:48] {Threei}  not everything must be so technologically advanced

06[15:48] * Geo takes out his iphone

[15:48] {Threei}  mark mental entry

[15:48] {Threei}  marke mental exit

[15:48] {Threei}  how hard can it be? :)

[15:54] {Threei}  one more leg down UAUA

[15:54] {Threei}  for entry

[15:54] {Threei}  or uptick from here if market jumops

[15:54] {Threei}  this is usually its variables

[15:55] {Threei}  gotta be very fast with it

[15:56] {magoo} dam..went for it at .20 missed fill

[15:56] {Geo} in .22 out .39

[15:56] {Geo} 500 sh

[15:56] {Threei}  try to give it couple cents when you decided on an entry zone

[15:56] {Threei}  .22 was it

[15:56] {Threei}  geo got it

[15:56] {Threei}  I mean your idea of entry was right

[15:56] {Geo} see i did 500 paper trades

[15:56] {Threei}  just give it couple cents abiove market for entry

[15:57] {Geo} as in stop limit?

[15:57] {Threei}  right

[15:57] {Geo} yeah that what i did 

[15:57] {Geo} coDol TY v

[15:57] {Geo} COOL

[15:57] {Geo} oops

[15:57] {Threei}  its manner to teleport lraves you behind if you try for too exact entry

[15:57] {Threei}  lraves = leaves

[15:58] {Threei}  getting a feel for it mags?

[15:58] {dino} mscc

[15:58] {magoo} weird vad..i hit aapl 3 for 3..easy to  see for me

[15:58] {magoo} but cant get UAUA

[15:58] {Threei}  okay :)

[15:58] {Threei}  stay with what you can read

[15:58] {Geo} i think magoo reads aapl amazing

[15:58] {Threei}  pretty much

[15:59] {Threei}  AAPL, AMZN, RIMM

[15:59] {Geo} real laid off 7%

[15:59] {Threei}  these stocks can be amazingly readable

[15:59] {Threei}  not always but often

[15:59] {magoo} my last aapl was back in 90.14 out .74 

[15:59] {Threei}  back in 1990?

[16:00] {magoo} huh?

[16:00] {Threei}  [15:59] {magoo} my last aapl was back in 90

[16:00] {Threei}  pulling you leg

[16:00] {Geo} ummmm

[16:00] {Threei}  okay guys

[16:00] {wishbone} good nite all

[16:00] {Threei}  not a stellar but fairly nice day

[16:00] {Geo} excellent day vad....... thanks

[16:00] {lisa_jay} Thanks Vad.

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening

06[16:01] * peterg slaps Threei around a bit with a large trout

[16:01] {Threei}  see you tomorrow

[16:01] {peterg} yhou too vad

06[16:01] * Geo slaps Threei around a bit with a large wad of cash

[16:01] {Threei}  that's a slap I love

[16:01] {magoo} ty all..i may be out chasing ole mopssybackl smokey ghost tomorrow

[16:01] {peterg} geo,  gimme somma dat

[16:01] {Threei}  do away with that obsolete trout already

06[16:01] * magoo slaps Threei around a bit with a large trout

[16:01] {dptl} have a good evening all

[16:01] {peterg} i shall always cherish and use the fish

[16:01] {Threei}  dp :)

[16:01] {Geo} email me and ill reply back with file and instructions

[16:02] {Threei}  I'll edit it off the log geo

[16:02] {Threei}  lest you get wave of spam :)

[16:02] {Geo} sure.... thanks vad

[16:03] {Threei}  fish is good peter, but look at this:

[16:03] {peterg} nite all; emailed geo thanks

[16:03] {peterg} wating

[16:03] {magoo} how we update??

06[16:03] * Threei slaps peterg around a bit with a large book of modern slaps, technologically advances and overall awesome

[16:03] {peterg} Im gonna get me one too vad

[16:03] {Threei}  give geo your e-mail mags

[16:04] {peterg}  i want to hit people with a turquois 57 chevy impala convertible

[16:04] {peterg} i means slap of course

[16:04] {peterg} nite all

[16:05] {magoo} dcc geo

[16:05] {dino} gn all

Dec 03 2008

Not hugely active but very nice day. Mostly scalps, just couple stops, and quite a few easy profitable ones. Kind of routine day - take them, keep your stops, sell them when they spike and stall

Session Time: Wed Dec 03 00:00:00 2008

[07:49] {patience} Happy Birthday Vad   :)))))

[08:08] {Threei}  Good morning, and thank you :)

[08:09] {patience} cake this afternoon?

[08:09] {Threei}  do they make protein cakes yet?

[08:10] {patience} yes, entirely made out of chocolate

[08:10] {patience} that's protein isn't it

[08:10] {Threei}  hmmm

[08:38] {hawkfan4} good morning, n Happy B-day Vad :)

[08:39] {Threei}  thank you hawk :)

[08:52] {lisa_jay} Happy Birthday Vad.

[08:53] {Threei}  thank you lisa

[08:58] {ese} good morning....back after 2 early morning school christmas concerts   ....hows life on the board

[08:58] {ese} vad is it your birthday?

[08:59] {Threei}  hi ese

[08:59] {Threei}  yeah

[09:00] {Threei}  yesterday was great

[09:00] {ese} well well.....happy birthday.......shiskabob party????

[09:00] {Threei}  thank you

[09:00] {Threei}  nah

[09:00] {Threei}  need more solid reason

[09:01] {ese} ahhhh

[09:02] {Threei}  btw guys,

[09:02] {Threei}  if you miss a day and want a brief summary of what happened,

[09:02] {Threei}  trading logs start with little blurb

[09:03] {Threei}  http://www.realitytrader.com/tradinglog/

[09:03] {ese} is that on the web site vad?

[09:04] {Threei}  address above :)

[09:05] {dino} gm all, missed a wild monday i see

[09:05] {Threei}  dino :)

[09:06] {ese} you and me both dino

[09:06] {Threei}  makes three of us

[09:06] {dino} yeah, and i was looking for it, remember my mark up call last week

[09:07] {dino} happy b-day vad

[09:08] {Threei}  thank you

[09:08] {dino} hmm did we fill the 8046 gap monday?

[09:10] {Onix} Good morning all

[09:11] {Threei}  onix :)

[09:12] {Geo} gm

[09:12] {Threei}  geo :)

[09:12] {Onix} hi geo

[09:13] {wishbone} gm all

[09:14] {Threei}  wishbone :)

[09:16] {dptl} Happy B-day Vad :)....and good morning all

[09:16] {Threei}  ty dp :)

[09:16] {Geo} hey happy bdday 

[09:16] {wishbone} dito

[09:16] {Geo} how young?

[09:17] {Threei}  94

[09:17] {Threei}  oops, 47

[09:17] {Threei}  forgetting one year for two rule

[09:17] {Onix} hi wishbone

[09:17] {Geo} 47 sheesh

[09:17] {Geo} so i guess this chatroom is arounf for another 50

[09:18] {wishbone} hey onix

[09:18] {lisa_jay} You look younger in your photots...thought you were around 42- 43.  

[09:19] {Threei}  and I feel 34

[09:19] {lisa_jay} :-)

[09:21] {KSystems} Good morning!

[09:21] {Onix} hi ks

[09:21] {KSystems} And happy b-day Vad :)

[09:21] {Threei}  ty KS

[09:29] {Threei}  just as yesterday, let's skip first minutes

[09:34] {Threei}  OK, shapes up as buy pullbacks so far

[09:35] {Threei}  QQQQ if pulls back closer to .15

[09:35] {Threei}  UAUA closer to .10

[09:38] {Threei}  not much of pullbacks

[09:39] {Threei}  UAUA worth a try

[09:39] {Threei}  any sttrrength from here

[09:39] {Threei}  stop under .10

[09:40] {Threei}  in .223

[09:41] {Threei}  half out .34

[09:43] {Threei} Long Setup:  QQQQ  .43 if stays above .35

[09:44] {ese} I get this feeling that there will be a consistent rally one of these days.....even with Bernake's inate ability to not calm the markets....the markets seem to be shrugging off his comments....am I on the right track with those thoughts Vad??

[09:44] {dino} wmt sm l .99

[09:44] {Threei}  pretty much ese

[09:45] {ese} tks.....

[09:47] {peterg} morfning & happy b=day

[09:47] {Threei}  ty peter

[09:47] {ese} Anybody got any hedge fund stats....have they unloaded pretty much all that they can unload.....

[09:47] {peterg} q still a buy?

[09:47] {dino} fdo sm l .50

[09:47] {Geo} i read an article that only 50% unloaded

[09:47] {Geo} lemme search it

[09:48] {ese} tks geo.......

[09:48] {Threei}  hate to chase thing peter

[09:48] {peterg} k

[09:48] {Geo} http://investmentcapitalist.com/2008/11/hedge-funds-markets-trading/

[09:49] {Threei}  stopped

[09:49] {wishbone} stopped uaua qqq

[09:49] {Onix} stopped

[09:50] {ese} tks geo......just clicked on it and got the article

[09:52] {dino} fdo to b/e, mrk drop, keep tight

[09:53] {dino} stopped fdo flat

[09:55] {dino} wmt stopped .69 -.30

[09:56] {Threei}  not much rythm to the action so far

[09:57] {dino} then put some tunes on

[09:57] {peterg} Listen to the Rythm of the Falling Rain.....

[09:58] {dino} lincoln park

[09:58] {dino} linkin' i think

[09:58] {dino} real or fake bounce

[10:00] {lisa_jay} fake?

[10:00] {dino} fake

[10:00] {Threei}  NOV ISM NON-MANUFACTURING COMPOSITE: 37.3 V 42.0E

[10:00] {Threei}  - Non-Mfg Prices Paid Index: 36.6 v 53.4 in Oct

[10:00] {Threei}  - Employment: 31.3 v 41.5 in Oct

[10:00] {Threei}  - New Orders Index: 35.4 v 44.0 in Oct

[10:03] {lisa_jay} What was that ramp?

[10:03] {Threei}  no idea

[10:03] {Geo} amzn 

[10:03] {Threei}  watching it too

[10:04] {Threei}  oddly strong

[10:04] {Threei}  worth a try but entry point is tough to find

[10:07] {Threei}  anyone took it?

[10:07] {lisa_jay} No I.

[10:08] {lisa_jay} Sorry Not I.

[10:08] {peterg} for 5cents

[10:08] {wishbone} -

[10:08] {peterg} chickened out fast

[10:09] {Threei}  RIMM

[10:09] {ese} anyone on the board have positions in DRYS...dryships bulk containers......just looking at that stock and it has a huge cash position.....can take of debts until 2010 at least

[10:09] {Threei}  nice pullback into support

[10:10] {dino} nope, but baltic index drops again

[10:10] {Threei}  .60 long with stop; under .40

[10:10] {ese} tks dino

[10:11] {dino} st.com has info on it, something like current levels drys losing money, they don't have 50% of rates lockied in on 2009, so looks glum, also secondary coming i think

[10:11] {wishbone} dino what is ticker fot baltic index?

[10:12] {Threei}  over 1:1 RIMM

[10:13] {dino} www,bloomberg.com/apps/quote?ticker=bdiy:ind

[10:13] {Geo} stop vad?

[10:13] {Threei}  ?

[10:13] {wishbone} ty

[10:13] {Geo} modified stop

[10:13] {Threei}  under b/e as usual

[10:13] {Geo} i am now just under sntry

[10:13] {Geo} ty

[10:15] {Threei}  over 1:2

[10:16] {Onix} ty Vad i got .38 in RIMM

[10:16] {KSystems} Vad, do you usually move your stop for the remaining portion to b/e on 1:1?

[10:16] {Geo} all out 92   30 cents TY vad

06[10:16] * magoo slaps Threei around a bit with a large trout

[10:17] {Threei}  good morning to you too magoo

[10:17] {Threei}  welcome geo

[10:17] {dino} gj guys

[10:17] {Threei}  ks, that's the routine... half out, stop to b/e

[10:17] {KSystems} allright...i dont trade, just trying to get the feeling

[10:18] {KSystems} thanks

[10:18] {Geo} market tight range

[10:22] {magoo} happy birthday vad!

[10:22] {Threei}  ty mags

06[10:22] * Geo slaps Threei around a bit with a large protein cake

[10:22] {Threei}  yum

[10:23] {Chaeron} Happy Birthday Vad... many many more...

[10:23] {Chaeron} good morning all

[10:24] {Threei}  ty chaeron

[10:26] {Threei} Long Setup:  AMZN  .25 if stays above 44

[10:27] {magoo} in vad

[10:27] {wishbone} in .23

[10:28] {Threei}  half out .55

[10:28] {Threei}  scalpers know what to do

[10:29] {magoo} C big climb

[10:29] {Threei}  yeah

[10:29] {magoo} waiting .68

[10:30] {Threei}  I kind of forgot about it, lol

[10:30] {ese} most solars turning positive......had the you know what kicked out of them enough i quess

[10:30] {KSystems} look at rimm :=

[10:30] {wishbone} +.13, .27 ty vad

[10:30] {KSystems} :)

[10:30] {magoo} out AMZN here .61 TY vad

[10:30] {Threei}  welcome guys

[10:32] {Geo} all out .60

[10:32] {Geo} TY vad

[10:32] {Threei}  :)

[10:33] {ese} long GENZ. 01

[10:33] {ese} 1/2

[10:35] {Threei}  DOE CRUDE: -456K V +1.2ME; GASOLINE:

[10:35] {ese} stop .75

[10:35] {Threei}  GASOLINE: -1.5M V +1ME; DISTILLATES: -1.7M V +500KE;

[10:37] {ese} stopped.....rats....

[10:37] {ese} -.26 on 1/2 lots

[10:38] {ese} 1 1/2 lots that is

[10:38] {ese} what is with this computor...puts letters in when you don't type them....

[10:39] {Threei}  ghost?

[10:39] {Threei}  GM formed C&H on 1 min with .86 long trigger

[10:40] {magoo} in GM

[10:40] {ese} look at this move by GENZ.......this is the thing that causes you to drink......

[10:40] {magoo} AMZN pulled back vad

[10:40] {Threei}  with weird array of possible stops: under .80, .75 and .70, all valid

[10:41] {dino} wmt l .94

[10:41] {Threei}  not sure about AMZN here mags

[10:41] {ese} vodka not less

[10:42] {ese} thats "no less"

[10:42] {magoo} ok

[10:42] {Threei}  GM 1:1 for the tightest stop

[10:46] {magoo} waiting .99

[10:46] {magoo} screw  it OUT .96

[10:46] {magoo} TY vad

[10:46] {Threei}  lol

[10:46] {Threei}  welcome

[10:47] {Chaeron} pru

[10:47] {ese} ok ok ok....GENZ is now starting to look like one of the patterns in Vads book........in too soon....iknow i know!!!!

[10:47] {magoo} i did not kill a deer..but i just killed 3 trades  lol

[10:47] {Threei}  so now you can buy a deer someone else has killed

[10:47] {Threei}  that's what they call labor separation

[10:47] {Geo} lol@vD

[10:48] {Geo} vad

[10:48] {magoo} yeah..and prop it up in woods and shoot it again

[10:48] {Geo} ok magoo has it

[10:48] {Threei}  lol

[10:48] {ese} long GENZ .95

[10:51] {Geo} dino..... I wanted to thank you for you input on the stops

[10:51] {Geo} i realized i am also not wired for mental/manual stops

[10:51] {Threei}  I don't even understand what it means :)

[10:52] {Geo} i have been using a diff platform which automaticall throws out stops at 20 cents and i can adjust it with one click

[10:52] {Threei}  your stop is hit, you click sell

[10:52] {Threei}  what to be wired or not for

[10:52] {Geo} funnily enuff i am consistent last 2 weeks hitting my 1x almost every day

[10:52] {Chaeron} he means that his wires aren't connected

[10:52] {Geo} unlike machines like you vad i hope and pray in manual

[10:53] {Geo} in automatic i just curse and move on

[10:53] {Threei}  the way I see it Geo:

[10:53] {lisa_jay} Vad the trading robot...can I buy one for $100K?

[10:53] {Geo} i am in line too

[10:53] {Threei}  it;s better to use automatic than to blow stops,

[10:53] {Geo} yup

[10:53] {Threei}  but

[10:53] {Threei}  your goal as you evolve is to become a trader

[10:54] {Geo} gimme time vad 

[10:54] {Threei}  in a sense of working out right mindset

[10:54] {Threei}  which manifests itself in a lot of things, not stops only

[10:54] {Geo} right now..... i just want to earn while learn lol

[10:54] {Threei}  so you are running into question:

[10:55] {Threei}  will you form that mindset if you took this part of learning curve out of equation in full?

[10:55] {Threei}  won't it work like antibiotics

[10:55] {Threei}  that cure today's problem

[10:55] {ese} Grrrrrrrr....revenge trade......out GENZ .28

[10:55] {Geo} nice eze....

[10:55] {Threei}  while killing your body's ability to resist on it's own?

[10:55] {Threei}  or, better way to put it would be

[10:55] {ese} +.33 on 3/4 lot........grrrrrrrrrrrrrrr

[10:55] {lisa_jay} Wow...never thought about it that way.

[10:55] {Threei}  not letting your body to learn to resist on its own

[10:56] {Geo} the way i look at it..... vad.... i cant resist cheesecake

[10:56] {Geo} so i dont buy it

[10:56] {Threei}  okay :)

[10:56] {Geo} rather than buy and not eat

[10:56] {lisa_jay} I know myself...and i do not have strong self-control.

[10:56] {wishbone} hmmmmmm....cheesecake!

[10:56] {Geo} easier level of resistence control

[10:56] {lisa_jay} Can't say NO! :-)

[10:56] {ese} discllaimer........THIS METHOD IS NOT TAUGHT IN VADS' REALITY TRADER BOOK"

[10:57] {Geo} the cheesecake antibiotic method?

[10:57] {ese} don't try this at home......

[10:57] {lisa_jay} So it is mechanical stops for me.

[10:57] {Geo} but beware... platforms which use mechanical stops... in my opinion have more entry exit slippage

[10:58] {Geo} i justified that by thinking its still wayyyy less than my mind not holding stops slippage

[10:58] {Geo} lol

[10:58] {dino} out wmt .46, +.52

[10:58] {Threei}  to me, this comes to a matter of using crutches

[10:58] {Geo} vad youre right

[10:58] {Geo} we all do

[10:58] {Geo} we drive rather than run to work

[10:58] {Threei}  necessary while legs are recovering from trauma

[10:58] {wishbone} nice dino

[10:59] {Geo} running might make us healthy

[10:59] {Threei}  but you don't intend to use crutches your entire life, right?

[10:59] {Geo} nope

[10:59] {dino} ty wish

[10:59] {Geo} i intend to get out of the car and run a little till i feel confident

[10:59] {Threei}  gotta start walking on your own

[11:00] {Geo} but right now vad..... just want to say my fisrt consistent 2 weeks touching 1x average weekly basis

[11:00] {Geo} thanks guys 

[11:00] {Geo} learnt a lot in this room

[11:00] {Geo} and no am not leaving :)

[11:00] {magoo} did u learn this?

06[11:01] * magoo slaps Geo around a bit with a large trout

[11:01] {Threei}  what do you mean you are not leaving?

06[11:01] * Geo slaps magoo around a bit with a large deaD DEER

[11:01] {Geo} I USED "LEARNT"

[11:01] {Geo} oops

[11:01] {magoo} club shot 2 coyotes and a bear

[11:01] {magoo} and we killed 3 kegs lol

[11:01] {Threei}  opld russian joke about your governor in a public bus

[11:01] {Geo} your wooden club shoots dino?

[11:02] {Threei}  someone behind him asks him if he gets out on the next stop

[11:02] {Threei}  he says yes

[11:02] {Threei}  guy asks What about those in front of you?

[11:02] {Threei}  he says Yas, they do too, they just don't know it yet

[11:02] {Geo} lol

[11:03] {magoo} vad, great movie about russian - german conflict ww2...enemy at the gates 

[11:03] {dino} lol

[11:04] {magoo} u ever see it?

[11:04] {Threei}  trying to remember

[11:04] {Threei}  I remember I was going to

[11:04] {Threei}  wow GM

[11:04] {magoo} aesome...russian sniper against a german one

[11:04] {Threei}  no news that I see

[11:05] {Threei}  ahha

[11:05] {Threei}  yes, saw it

[11:05] {dino} cvx sm l .50

[11:07] {wishbone} What did one snowman say to the other?

[11:07] {ese} ?????

[11:07] {wishbone} smells like carrots

[11:08] {ese} hmmmmmm

[11:11] {dino} bj l .77

[11:13] {Threei}  Canadian prime minister to address the nation today on TV

[11:13] {ese} haven't heard of that one before dino......wholesale club....

[11:13] {ese} nice trade though

[11:14] {ese} what type of chart do you follow dino..... 1min 5 min 3min?

[11:14] {dino} bj stop to .00

[11:14] {ese} thing of beauty dino

[11:15] {dino} \out bj .,00, +.23

[11:15] {wishbone} nw dino

[11:16] {dino} ty

[11:23] {dino} out cvx .60, +.10, oils are tough lately, imo

[11:26] {Geo} mbi has a nice entry

[11:37] {dino} bj l .60

[11:41] {dino} going for hod

[11:41] {dino} markets

[11:45] {Threei}  BRCM

[11:45] {Threei}  watching for pullback entry

[11:46] {Threei}  15 nearest support

[11:47] {Threei}  missed .08

[11:47] {Threei}  don't want to chase

[11:47] {Threei}  first market strength from here

[11:48] {Threei}  BRCM needs market support

[11:49] {Threei}  in

[11:49] {magoo} in

[11:49] {wishbone} in

[11:51] {Threei}  come on NASDAQ, you know you want to retest the high

[11:51] {Chaeron} in

06[11:52] * Threei kicks NQ in the rear

[11:52] {magoo} weheres your exit?

[11:52] {Threei}  want to partial near .20

[11:58] {Threei}  WSJ: UAW LEADERS ARE NEAR TO REVISING TERMS OF 2007 CONTRACT, CHANGING TERMS ON JOBS BANK

[11:58] {Threei}  {GM F}

[11:59] {Threei}  half out BRCM .19

[12:00] {magoo} how many  take?

[12:00] {Threei}  2

[12:00] {magoo} me too

[12:00] {dino} out bj .72 +.12 lousy entry

06[12:01] * Threei reiterates kick to the NASDAQ rear - get up and go, you lazy bum

[12:03] {dino} dino keeps hearing a "thud" at his door, thinks 3i missing his mark w/boot

[12:03] {Threei}  rofl

[12:03] {Threei}  it can happen, I am known to be somewhat indiscretionary with my kicks

[12:04] {Threei}  liking the bvery process of kicking too much to care about the precise subject of kicking

[12:05] {Threei}  "with good kicking techniques, bum will present itself"

[12:05] {Threei}  stop for BRCM balance is under .05

[12:06] {dino} not, calling me a bum, :)

[12:06] {Threei}  lol

[12:09] {Threei}  GE

[12:09] {Threei}  bounce scalp candidate

[12:10] {magoo} mkts falling here a little bit vad

[12:10] {Threei}  yup

[12:10] {Threei}  BRCM holding rather well

[12:11] {magoo} im out..but may reentter

[12:15] {Threei}  GE

[12:15] {Threei}  in .53

[12:15] {Threei}  stop under .40

[12:15] {Threei}  half lot

[12:16] {Threei}  1:1

[12:17] {Threei}  out .67

[12:17] {Threei}  anyone?

[12:17] {peterg} yep, ty

[12:17] {peterg}  made my few cents.

[12:17] {magoo} missed

[12:18] {magoo} sorry

[12:18] {magoo} was rreading real money

06[12:18] * Threei slaps whole room except peter around a bit with large cap of strong coffee

[12:18] {magoo} and failed to make "real money"

[12:18] {dino} how ironic

[12:19] {Threei}  out BRCM balance

[12:19] {wishbone} stopped brcm

[12:22] {dino} bj l .20

[12:24] {dino} out .32, +.12

[12:25] {peterg} nice

[12:25] {dino} ty

[12:31] {magoo} BRCM looks good here vad?

[12:32] {Threei}  hard to tell... pretty much depends on what market does from here

[12:32] {Threei}  and that's not very clear

[12:32] {dino}  layn l .50

[12:55] {dino} fdo l .49

[13:00] {Threei}  toal stall

[13:00] {Threei}  total

[13:02] {dino} out layn .705, +.205

[13:03] {magoo} waiting on beige book i guess

[13:03] {magoo} gonna be real bad

[13:03] {magoo} but mkt expects it to be real bad

[13:03] {Threei}  hard to imagine it being any other

[13:03] {dino} what time?

[13:04] {magoo} 2

[13:04] {Threei}  let me rephrase

[13:05] {Threei}  hard to imagine beige book being any other color than pitch black

[13:05] {magoo} if IF mkt shakes it off...we be in end of year rally mode 

[13:06] {Threei}  that's what I hope for

[13:06] {Threei}  not because rally is the only hing we can trade,

[13:06] {Threei}  rather because that's the turn of event that will be the easiest to read

[13:09] {Chaeron} I like easy

[13:09] {Threei}  who doesn't

06[13:18] * magoo slaps Chaeron around a bit with a large trout

06[13:20] * Chaeron slaps magoo around a bit with a large trout

[13:24] {dino} fdo stopped -.19

[13:24] {dino} bj s .75

[13:28] {magoo} vad, whats lasers symbol for the spx please?

[13:29] {Threei}  "/sp8z"

[13:31] {magoo} no worky

[13:31] {Chaeron} gotta sign up for futs

[13:32] {Chaeron} smack LaserDave for that

[13:32] {magoo} ah

[13:32] {Threei}  you may not have CME feed then

[13:32] {magoo} ah ah

[13:32] {Chaeron} yeah... that

[13:36] {dino} cov bj .64., +.11

[13:41] {dino} bj s break of .50

[13:59] {magoo} seconds away

[14:00] {magoo} i can't take  it

[14:00] {magoo} DISMAL

[14:00] {dino} fdo l .11

[14:01] {Threei}  FED'S BEIGE BOOK: ECONOMY WEAKENED ACROSS ALL DISTRICTS IN OCT

[14:01] {Threei}  no really?

[14:03] {dino} shocking

[14:03] {magoo} stunning

[14:04] {Threei}  MANUFACTURING DECLINED IN MOST DISTRICTS,LENDING CONTRACTED, LOANS TERMS TIGHTER DURING PERIOD

[14:04] {Threei}  - Tougher conditions existed for car buyers in 5 regions

[14:04] {Threei}  - Mining and energy production declining, sees weakness in comercial real estate markets

[14:04] {Threei}  - Most districts had weak housing markets, with low but stable activity

[14:04] {Threei}  - Notes that labor markets are becoming weaker, with price pressures coming down

[14:04] {Threei}  - Retail sales down, vehicle sales down more so

[14:04] {Geo} gs

[14:04] {Threei}  I am both, shocked and stunned

[14:07] {Threei}  trying to gauge market's reaction

[14:07] {Threei}  although it feels like it's non-event at all

[14:08] {Chaeron} so we're going to list aimlessly til year end?

[14:11] {Threei}  why?

[14:12] {Threei}  there are a lot of things to happen yet, to kill or prop the markets

[14:12] {Threei}  GM develoments for instance

[14:15] {Threei}  OPEC PRESIDENT KHELIL: THERE IS NO FLOOR TO CRUDE PRICES, PRICE PRESSURES ARE EASING

[14:15] {Threei}  no floor?

[14:16] {dino} all l .55

[14:21] {dino} out fdo .33, +.22

[14:21] {wishbone} nice dino

[14:22] {Threei}  FED'S LACKER: DOES NOT OPPOSE MONETIZING GOVT DEBT TO FIGHT DEFLATION, NO NEED TO BUY TREASURY SECURITIES - Q&A

[14:22] {Threei}  - Quantitative measures could mean monitizing debt.

[14:22] {Threei}  - Fed must tread carefully if monizing US debt.

[14:22] {Threei}  - Reiterates that the Fed should not provide aid for automakers

[14:25] {dino} out all .85, +.30

[14:25] {dino} ty wish

[14:27] {Geo} wow NQ move

[14:27] {Geo} you trading/watching vad?

[14:28] {Threei}  beaiting myself up for missing UAUA

[14:29] {Geo} ok :)

[14:30] {dptl} have a good evening all...leaving early

[14:31] {Threei}  slacker

[14:31] {Threei}  take care :)

[14:31] {dptl} :)

[14:32] {Chaeron} yeah... dp was here when you were on vacation and you call HIM a slacker

[14:32] {Threei}  that's what I do

[14:32] {Threei}  call people names

[14:32] {Threei}  blame them for my own faults

[14:32] {Threei}  you have anything against this??

[14:32] {dino} layn l .75

[14:34] {dino} fdo l .50

[14:34] {magoo} seems mkt no care about beiuge

[14:42] {magoo} uh vad? what u doin?

[14:43] {Threei}  trying to find something tradable?

[14:44] {Threei} Long Setup:  ADBE  .20 break

[14:44] {Threei}  half lot

[14:46] {Geo} stop under 10?

[14:46] {Threei}  last pullback bottomed out at .09

[14:46] {Geo} y

[14:48] {dino}  out layn .99, +.24

[14:50] {Threei}  1:1

[14:50] {Threei}  half out

[14:50] {Threei}  stop to under .20

[14:51] {Threei}  yawn

[15:02] {Threei}  both UAUA and ADBE are bounce candidates

[15:03] {Geo} i am carefull

[15:03] {Geo} bonds on high of day 

[15:03] {Geo} hitting hard

[15:03] {Threei}  just scalps if you go for entries

[15:03] {Geo} ok

[15:04] {wishbone} what does bonds on high of daymean geo?

[15:04] {Threei}  took .03 ADBE and .74 UAUA

[15:05] {dino} interest rates dropped

[15:06] {Threei}  out UAUA +.14

[15:06] {magoo} waiting .93

[15:07] {Geo} out UAUA 10 cents thanks

[15:07] {Threei}  out ADBE +.13

[15:07] {Geo} couldnt do 2 :)

[15:07] {Threei}  easy money

[15:07] {Geo} but happy with my day.......

[15:07] {Geo} also wishbone bonds on high usually tamps down stocks for a little while

[15:08] {Geo} flight to safety

[15:08] {magoo} out UAUA TY vad

[15:08] {Geo} i personally use it as a signal

[15:08] {wishbone} ok ty

[15:08] {Threei}  welcome guys

[15:08] {Threei}  nice scalping footwork

[15:08] {Geo} learned from the bdday guy

[15:08] {Threei}  very safe and with immediate gratification

[15:09] {magoo} out ADBE here TY vad

[15:09] {Threei}  :)

[15:12] {dino} gme l .50

[15:22] {dino} out gme .65, +.15

[15:27] {magoo} VVVVVVVVVAAAAAAAADDDDDDDDDDDDDDDD

[15:27] {magoo} wghat u doin?

[15:27] {Threei}  sheesh

[15:27] {Threei}  scared me

[15:27] {Threei}  nothing

[15:28] {Threei}  market is locked in a very narrow range

[15:28] {Threei}  ADBE starts looking like short on 22 break

[15:31] {dino} whipping around +70-+20 crazy

[15:31] {Geo} adbe valid vad?

[15:31] {Geo} whats the invalidating?

[15:32] {Geo} .1`5?

[15:32] {Threei}  just need it to consokidate a bit tighter

[15:32] {Geo} nice wedge on Qs

[15:34] {dino} here comes +70

[15:35] {dino} breakout

[15:35] {Threei}  for sure invalidated now

[15:37] {dino} fdo out ave. +.10

[15:41] {dino} layn l .90, gappy careful

[15:44] {Geo} .

[15:51] {Geo} anyone trading

[15:51] {Geo} ?

[15:51] {Geo} i am just scalping NQ

[15:51] {patience} what to trade?  not my style

[15:51] {Geo} ok

[15:51] {Threei}  WSJ US TREASURY CONSIDERING PLAN TO STOP HOUSING PRICES FROM FALLING

[15:52] {Geo} where do i sign up?

[15:52] {Threei}  they'll buy houses?

[15:52] {dino} y

[15:54] {wishbone} vad for previous scalp on bounce of uaua and adbe [12:03]. what was stop?

[15:55] {Threei}  just under nearest support for both

[15:55] {Threei}  under 22 for ADBE

[15:55] {Threei}  under .70 for UAUA

[15:55] {wishbone} ty

[15:55] {Geo} in ADBE !

[15:55] {Geo} oh not  a call out

[15:55] {Threei}  ?

[15:56] {Geo} just kidding

[15:56] {wishbone} lol

[15:56] {Threei}  geo... starting drinking early today? :)

[15:56] {Geo} i only drink wheatgerm

[15:56] {Geo} (with vodka)

[15:56] {Threei}  Ok guys, thank you all

[15:56] {Threei}  have a great evening,

[15:56] {Threei}  see you tomorrow

[15:56] {wishbone} ty good nite all

[15:56] {magoo} ty vad

[15:57] {Geo} thanks vad..... 

[15:57] {KSystems} good night!

[15:57] {dino} have a happy bday vad

[15:57] {Threei}  thank you, I will

Tue Dec 02 2008

Little vacations do wonders. Just three days away, and the vision has this miraculous clarity... 6 calls, 6 winners - does it get better than this?

Session Time: Tue Dec 02 00:00:00 2008

[06:51] {KSystems} Bernanke Asserts Rate Cuts Alone Won't Cure Economy

[08:32] {Threei}  Good morning

[08:32] {Threei}  so, I go away for the weekend, and look what you guys do... drop Dow over 600 points, political coup in Canada

[08:33] {Threei}  tsk tsk tsk

[08:44] {Threei}  BALTIC DRY BULK INDEX FALLS 2.3%, A 10TH STRAIGHT DECLINE

[08:44] {Threei}  - Declines below 700 for the first time since 1986{DRYS DSX EGLE}

[09:00] {lisa_jay} Good Morning

[09:00] {Threei}  morning lisa

[09:00] {KSystems} Morning!

[09:01] {Threei}  KS :)

[09:03] {KSystems} Did you enjoy the weekend?

[09:03] {Threei}  very much

[09:03] {Threei}  amazing landscapes

[09:03] {KSystems} if you're going to upload some photos

[09:03] {Threei}  huge waves smashing the rocks

[09:03] {KSystems} please share :)

[09:03] {Threei}  I will

[09:04] {Threei}  I just need 48 hours days

[09:04] {Threei}  24 is not enough

[09:07] {Geo} gm

[09:07] {Threei}  Geo :)

[09:08] {Geo} laserdave was missing you vad

[09:08] {Threei}  did he cry?

[09:08] {Geo} almost

[09:09] {Threei}  I am glad I invoke such strong emotions in people...

[09:09] {Threei}  I just wish this impact was limited to females

[09:09] {Threei}  who needs to see crying man, really

[09:13] {Threei}  this time Ford CEO is not flying but driving down, and in hybrid car

[09:13] {Threei}  sigh

[09:14] {peterg} Good morning and welcome back!

[09:15] {Threei}  hi peter, thank you

[09:15] {peterg} I have a special inside bit of info for this room alone

[09:15] {peterg} Watch RIMM

[09:15] {peterg} I am going to cancel my contract for the Storm

[09:15] {peterg} I dont need it and wont use it

[09:15] {Threei}  uh oh

[09:15] {peterg} dont need to spend the extra bux

[09:15] {Threei}  poor RIMM

[09:16] {peterg} going to try to do it before mkt opens--brb

[09:18] {wishbone} gm all

[09:18] {Threei}  wishbone :)

[09:21] {Onix} Good morning all

[09:21] {Threei}  onix :)

[09:25] {Threei}  want to skip first minutes, see how nervous market is

[09:31] {peterg} RiMM must have heard I canceled

[09:31] {Threei}  yup

[09:31] {Threei}  thank you for warning

[09:31] {peterg} pleasure

[09:39] {Threei} Short Setup: AMAZN  small share 40.20

[09:39] {Threei}  AMZN

[09:39] {Threei}  if stays under .50

[09:40] {Threei}  .50 break can serve as a long trigger for a scalp if not losing .30 anymore

[09:40] {Threei}  triggered on a short side

[09:40] {Threei}  stop above .40

[09:41] {Threei}  lol, almost hit 1:1 while I was typing

[09:41] {Threei}  cover half here, scalpers take profit

[09:41] {Threei}  over 1:1

[09:41] {tomg} ty vad

[09:41] {Threei}  1:2

[09:41] {Threei}  welcome tome

[09:42] {tomg} out 1:2

[09:42] {Threei}  tom, sorry

[09:42] {tomg} :)

[09:43] {Threei}  RIMM bounce time soon

[09:43] {Threei}  quick flush under 37

[09:44] {Threei}  too fast to post entry... scalped 36.93 - 37.23

[09:45] {tomg} 37.03 - 37.23 for me, ty vad

[09:45] {Threei}  beauty

[09:45] {Threei}  AMZN down fyull dollar from short trigger

[09:46] {Threei}  but we stinkin' scalpers had to cover too soon as always

[09:47] {Threei}  feels like strong snapback is coming

[09:47] {Threei}  short lived but strong

[09:49] {Threei}  searching for entries

[09:49] {Threei} Long Setup:  AMZN  39.10 small shares

[09:50] {Threei}  half out

[09:50] {Threei}  offer the balance above .60

[09:51] {Threei}  out in full

[09:51] {tomg} out amzn ty vad

[09:51] {Threei}  scorching hot today tom, eh

[09:52] {Threei}  AMZN was funny... hit profit zones before I could type the stop, lol

[09:52] {tomg} need to cool off :)

[09:52] {Threei}  why not... 3 for 3 in first 20 minutes

[09:52] {tomg} got half dollar on amzn :)

[09:52] {Threei}  my snapback came by the schedule

[09:53] {Threei}  yes, and look... we underestimated it again :)

[09:53] {tomg} yep

[09:53] {Threei}  but heck... volatile times, nothing's wrong with 50 cents scalp

[09:53] {Threei}  anyone else is awake?

[09:54] {patience} very much so  :)

[09:54] {Threei}  :)

[09:55] {Onix} seems like I am still fast asleep, could not catch any of your calls this morning

[09:55] {Threei}  gotta wake up, onix...

[09:55] {Threei}  they all moved fast but gave enough time for entry

[09:55] {Threei}  except RIMM bounce which was pretty much arbitrary

[09:58] {Threei}  look at snapback development

[09:58] {Threei}  exactly as planned

[09:58] {Threei}  strong and short-lived

[09:58] {Threei}  I need to take day off more often

[09:58] {tomg} i took some q's when you first saw the snapback coming

[09:58] {Threei}  scalped?

[09:59] {tomg} yep, just about 13 cents, i think

[09:59] {tomg} 5 cent risk

[09:59] {Threei}  go home tom

[09:59] {tomg} ok, i am

[09:59] {Threei}  I mean... 30 minutes in, you are 4 for 4

[09:59] {tomg} won't be here tomorrow or thursday mornings

[10:00] {tomg} thanks, vad, taking your advice, i'm outta here

[10:00] {Threei}  good idea

[10:00] {Threei}  odds will reverse sooner or later

[10:00] {Threei}  you made in 30 minyes more than on majority of day jobs in a day

[10:00] {tomg} logging off to reduce temptation :) have a good one everybody

[10:00] {Threei}  even if you traded 200 shares

[10:01] {Threei}  take care, good going

[10:01] {Threei}  ok, now that I have chased happy customer away... what do you think of my business sense?

[10:02] {Threei}  F

[10:02] {Threei}  SUBMITTS BUSINESS PLAN TO CONGRESS

[10:02] {Threei}  {GM}

[10:05] {Threei} Long Setup:  DRYS  4 break if stays above 3.90

[10:09] {Threei}  stop to .94

[10:10] {Threei}  1:1, you know your options

[10:10] {Onix} got .08 in drys ty vad

[10:10] {Threei}  welcome

[10:11] {wishbone} drys +.11-.12 ty3i

[10:11] {Threei}  :)

[10:11] {lisa_jay} 10c on DRYS thanks Vad.

[10:11] {Threei}  good job all

[10:12] {Threei}  nice variety too

[10:12] {Threei}  first calls were on very fast stocks

[10:12] {Threei}  this one gave a lot of time

[10:12] {Threei}  and allowed for much bigger shares

[10:19] {Geo} nice vacation recharge boss

[10:19] {Geo} i am 1.5x right now

[10:22] {Threei}  cool beans

[10:26] {Chaeron} good morning all and welcome back Threei

[10:26] {Threei}  thank you chaeron

[10:26] {Threei}  got back with a bang, too... 4 for 4 this morning

[10:26] {Geo} hey chaer....

[10:26] {Geo} seems every time vad goes on vacation he comes back with a winning streak

[10:26] {Chaeron} hi Geo... dang... and I missed them all

[10:27] {Geo} how about you go on vacation every weekend?

[10:27] {Geo} eh vad?

[10:29] {Threei}  happily

[10:34] {Threei}  watching how UAUA holds here

[10:35] {Threei}  missed 9 break earlier

[10:36] {Threei}  if market breaks high here, I'd grab UAUA aggressively

[10:36] {Threei}  as close to .20 as possible

[10:38] {Threei}  even better... just need market to jump

[10:38] {Threei}  REPORTEDLY OPEC COMPLIANCE WITH THE 1.5M BBL OUTPUT CUT IN NOV IS RUNNING AT ABOUT 66%

[10:39] {Threei}  lol

[10:41] {Threei}  in

[10:41] {peterg} uaua?

[10:42] {Threei}  yes, got .15

[10:42] {wishbone} in .17

[10:43] {peterg} mr. stupidfingers got .19

[10:43] {Geo} stop vad?

[10:44] {Threei}  under .10 for scalpers, under 9 for a day trade

[10:45] {Threei}  teleprtation

[10:46] {Threei}  next move should be to above .30

[10:46] {Threei}  where scalpers have their 1:1

[10:57] {Threei}  ok Qs, enough of dribbling... jump already

06[10:57] * Threei slaps laserdave1 around a bit with a large chart of uptrending market

06[10:57] * Chaeron slaps laserdave1 around a bit with a large trout

[10:58] {Threei}  new high

[10:58] {Threei}  your turn UAUA

[10:58] {laserdave1} howdy

06[11:03] * Threei impatiently kicks the market in the rear

[11:09] {Geo} yawn

[11:11] {Threei}  half out UAUA .30

[11:19] {Threei}  nice move over .30 for those with higher entries

[11:19] {Threei}  solidly over 1:1

[11:21] {Threei}  1/4 more out

[11:21] {Threei}  wake up

[11:21] {Threei}  you will sleep through the selling points

[11:21] {Geo} scalped it with regret now

[11:21] {Geo} sorry

[11:21] {Threei}  anyone's still in?

[11:22] {Geo} was trying to preserve the gains from before

[11:22] {Threei}  nothing's wrong with that

[11:22] {Threei}  one thing I do sometimes when I am strongly inclined to protect profit

[11:22] {Geo} ?

[11:22] {Threei}  but tempted by attractively lkooking stock is

[11:22] {Threei}  sell 2/3 or 3/4

[11:23] {Geo} on 1:1?

[11:23] {Threei}  and just leave last small portion alone with stop under b.e

[11:23] {Geo} makes sense

[11:23] {Geo} i have been doing that

[11:23] {Geo} and thought i was chicken

[11:23] {Geo} lol

[11:23] {Threei}  here we go

[11:23] {Geo} so i guess its ok

[11:23] {Threei}  out .50

[11:23] {Threei}  +.35

[11:23] {Geo} nice

[11:23] {Threei}  5 for 5

06[11:24] * Threei slaps Chaeron around a bit with a large shiny airliner

[11:25] {Chaeron} UAUA in .26 out .45 a while ago... sorry... was busy... +.19

[11:25] {Threei}  :)

[11:51] {Chaeron} .

[11:51] {Geo} in UAUA

[11:51] {KSystems} each time someone types '.' Geo enters a trade

[11:51] {Geo} hehe

[11:52] {Geo} basic UAUA follow NQ trade

[11:59] {Geo} scratched trade .03

[12:26] {Threei}  loooong consolidation

[12:43] {Threei}  WSJ: FORMER AOL CEO IS TRYING TO RAISE MONEY TO ACQUIRE PORTION OR ALL OF YHOO

[12:44] {Threei}  imo... GOOD LUCK

[12:45] {Threei}  SCALPED 30 CENTS

[12:45] {Threei}  grrr

[12:45] {Threei}  what's with caps

[12:45] {Threei}  you all asleep?

[12:46] {Geo} .

[12:46] {laserdave1} its going nuts

[12:46] {Threei}  BELIEVES A DEAL CAN BE DONE AT APPROX $20-22/SHR - WSJ CITING SOURCES

[12:46] {Threei}  - reports say that former AOL CEO Miller has discussed the idea with some Yahoo board members and is talking to private equity and sovereign wealth funds about such a deal.

[12:58] {Threei}  Putin Labels Markets 'Unfair'

[12:58] {Threei}  welcome to capitalism

[12:58] {Threei}  http://www.themoscowtimes.com/article/600/42/372795.htm

[12:58] {Chaeron} life is unfair

[12:58] {Threei}  and then you die

[12:59] {Geo} after paying taxes

[13:00] {Threei}  or you pay them after death

[13:00] {Threei}  however you structure it, these two components will be there

[13:33] {peterg} cue beatle's song "Taxman"

[13:39] {Threei}  the day started out great, then got so boring that I am tracking all the twists and turns in canadian political coup

[13:39] {Threei}  quite fascinating actually

[13:41] {KSystems} ummm

[13:41] {KSystems} in a nutshell

[13:41] {KSystems} what happened?

[13:41] {Threei}  election ended 6 weeks ago producing minority goverment

[13:41] {KSystems} argh

[13:42] {Threei}  three opposition parties united over the weekend to form coalition government and take over

[13:42] {KSystems} do those three have _anything_ more in common that being opposition?

[13:42] {KSystems} that=than

[13:42] {Threei}  all are lefties

[13:43] {Threei}  other than that, no

[13:43] {KSystems} omg

[13:43] {Threei}  they've been at each other throats forever

[13:43] {Threei}  one of them is acrtually separatist party, with main aim to break up the country, lol

[13:43] {KSystems} perfect

[13:43] {KSystems} A good friend of mine is just about to emigrate to Canada this month

[13:43] {wishbone} and the appointed leaders's party is ahving a leadership race, so we voted for ....i mean didn't for for our next prime minister

[13:44] {Threei}  another is fringe socialist party, never having any realistic shot at being even close to forming the government

[13:44] {Threei}  finally third,

[13:44] {peterg} je  me souverains

[13:44] {Threei}  in last election shopwed it's worst performance in polls in Canadian history

[13:44] {wishbone} lol

[13:44] {KSystems} heh

[13:44] {Threei}  with lame leader rejected by both electorate and his own party

[13:45] {KSystems} and they run the country now?!

[13:45] {Threei}  well

[13:45] {Geo} they say the best argument against democracy is to have a conversation with the average voter

[13:45] {Threei}  not right away

[13:45] {peterg} so, who's on first?

[13:45] {Threei}  there is a process

[13:45] {peterg} is there PM yet?

[13:45] {Threei}  and current governement has options to stall

[13:45] {Threei}  regroup

[13:46] {Threei}  and try to avoid it all

[13:46] {Threei}  but not very many options

[13:46] {KSystems} call for new elections?

[13:46] {KSystems} thats what they usually do here

[13:46] {Threei}  one of options... sure to piss off the country

[13:46] {KSystems} until voters are tired of running to the booths, you finally have just over 20% of people voting 

[13:46] {Threei}  we had 3 elections in 5 years, and last one (widely regarded as unnecessary) ended 6 weeks ago

[13:48] {Threei}  to further complicate the situation,

[13:48] {Threei}  we have general-governor,

[13:48] {Threei}  representative of Queen

[13:48] {Threei}  largely decorative figure

[13:49] {Threei}  that usually rubber-stamps the decisions

[13:49] {KSystems} ahhh

[13:49] {Threei}  But in this situation she actually gets to decide what to do

[13:49] {KSystems} she?

[13:49] {Threei}  and this is not an elected official

[13:49] {Threei}  yes

[13:49] {KSystems} sounds funny

[13:49] {Threei}  beyond

[13:49] {Geo} ahhh

[13:49] {Geo}  i had forgooten you guys were a colony

[13:49] {Threei}  former high profile journalist

[13:50] {Threei}  was supposed to attend ceremonies and such stuff

[13:50] {KSystems} is this all going to turn into a serious problem, or just something for a good laugh?

[13:50] {Threei}  all of a sudden she actually needs to deide things that have profound effect on country course

[13:50] {KSystems} i mean, whats the worst thing that can happen now?

[13:50] {Threei}  depends on your percpective

[13:50] {Threei}  IMO{ worst thing:

[13:51] {Threei}  country is overtaken by socialists, separatists and leaderless scoundrels

[13:51] {Threei}  and it happens during the worst financial crisis of the century

[13:52] {Threei}  those three btw are not likely to be friends for very long

[13:52] {Threei}  that coalition will self-destruct quickly

[13:52] {Threei}  such instability and rapidly changing rules at this point - bad enough for ya? :)

[13:52] {KSystems} Michaelle Jean

[13:52] {KSystems} she has a beautiful name though

[13:52] {Threei}  that's her

[13:53] {KSystems} it sounds horrible

[13:53] {KSystems} not the name, that is

[13:53] {KSystems} the situation

[13:53] {Threei}  maybe she is wise enough to do the right thing... who knows

[13:53] {Threei}  nobody actually knows what she stands for, you see

[13:53] {KSystems} what would be the right thing in your opinion`

[13:53] {patience} she was a liberal appointee vad

[13:53] {Threei}  she was never supposed to be a decision-maker :)

[13:53] {Threei}  yes

[13:54] {Threei}  in my opinion (and I don't know the extent of her constitutional rights so it could be impossible),

[13:54] {Threei}  right thing qwould be to tell opposition leaders:

[13:54] {Threei}  here are election results,

[13:54] {Threei}  voters said they want this party to govern,

[13:54] {Threei}  no coalition,

[13:54] {Threei}  no new election,

[13:55] {Threei}  go back to parliament,

[13:55] {wishbone} i heard that vad!

[13:55] {patience} but gov won't withstand nonconfidence vote

[13:55] {Threei}  solve the problems nation faces,

[13:55] {patience} god willing she calls an election

[13:55] {Threei}  and if you can't - I freeze parliament sessions for the time being,

[13:56] {Threei}  and current governemtn rules as majority, unchallenged, until we run the process of consultations,

[13:56] {Threei}  until you run consultations within your oparties,

[13:56] {KSystems} she earns 110.126 $

[13:56] {Threei}  elect leader,

[13:56] {Threei}  and come back to me with plan how make it all work.

[13:57] {wishbone} current gov rules as minority vad

[13:57] {Threei}  I hope some chilling out period can work,

[13:57] {Threei}  I know

[13:58] {Threei}  read the context of my answer :)

[13:58] {Threei}  that was my description of what I'd see as a right thing for jean to do

[13:59] {Threei}  a lot of opposition MPs may re-think whole thing when they hear the reaction of voters and realize this can cost them dearly come next election

[13:59] {Threei}  whole coup was constructed between leaders, no party consulting

[13:59] {wishbone} exactly....power hungry...

[14:00] {Threei}  KS, to add pepper:

[14:00] {Threei}  tape recording emerged over weekend,

[14:00] {Threei}  showing that two of parties actually agreed on this course of action well in advance

[14:00] {Threei}  and just waited for a confidcence vote announced to trigger whole thing

[14:00] {KSystems} wow

[14:02] {Threei}  Question period starts now

[14:02] {Threei}  live on TV

[14:02] {Threei}  I am looking forward to see people banging each other heads with rowing paddles

[14:03] {KSystems} umm what station can I see it on?

[14:03] {KSystems} gonna turn in via web tv

[14:03] {Threei}  CBC

[14:03] {Threei}  no idea if you can see it on the web

[14:04] {Threei}  I am telling you... I never go on vacation again

[14:04] {Threei}  if this happens when I leave for three days, couple week vacation will probably get me into country with Gulag up and running

[14:04] {wishbone} lol

[14:05] {Threei}  if that happens, make sure you stay safe wishbone... I may need asylum, you know... corner in your basement?

[14:06] {wishbone} hey i'll be in the labor camps w/ you!:(

[14:06] {Threei}  OK... we have patience and ese as our backup

[14:06] {wishbone} lol

[14:06] {patience} you behind the tweed curtain wishbone?

[14:07] {wishbone} ?

[14:07] {wishbone} tweed curtain

[14:07] {patience} nope

[14:07] {patience} oak bay

[14:07] {Threei}  Oak bay :)

[14:08] {wishbone} no....never heard that expression...haven't lived in vic very long

[14:09] {Threei}  I don't see anything for this selloff

[14:10] {Threei}  just selling or I missed something?

[14:11] {Threei}  oil 47.50s?

[14:18] {Threei}  found it KS?

[14:18] {KSystems} yea but they dont seem to have a live stream available :-(

[14:22] {Threei}  opposition demands confidence vote... prime minister says screw you

[14:23] {Threei}  that's the short version

[14:23] {Geo} see any setups on RIMM vad?

[14:24] {Threei}  totally market dependent

[14:24] {Threei}  I'd say, short is more likely than long,

[14:24] {Geo} ok ty

[14:24] {Threei}  but I hnave not much confidence in particular setups

[14:27] {Threei}  if market drops sharply, try to get RIMM short as close to .50 as you can

[14:27] {Threei}  hopefully it's ll give a little delay

[14:31] {Threei}  car sales reports today

[14:31] {Threei}  I am not posting them all,

[14:31] {Threei}  numbers are ranging from -30 to -40% y/y mastly

[14:32] {Threei}  mostly

[14:50] {patience} vad, we are about to become the coldest banana republic....sniff sniff

[14:50] {Threei}  lol

[14:50] {Threei}  no kidding

[14:50] {Threei}  at least we could have bananas

[14:50] {Threei}  but noooo... the worst of both worlds

[14:50] {patience} yup

[14:51] {patience} i wonder if they have opened up a file on canada at the cia....it potentially needs intervention

[14:51] {wishbone} lol

[14:51] {wishbone} i was thinking that earlier patience!

[14:52] {patience} honestly, you  just laugh nervously at how bizzarro canada has become overnight

[14:52] {patience} what the heck happened to our stability....we don't act like this

[14:52] {Threei}  if they don't plan on intervention, I have a great idea

[14:53] {wishbone} it is truly strange

[14:53] {Threei}  let's announce war on USA, and surrender in 2 minutes

[14:53] {Threei}  there you go, problems soklved

[14:53] {Threei}  they have to opccupy us and feed us

[14:53] {Threei}  33 million prisoners of war

[14:54] {patience} do i keep my free health care?

[14:54] {wishbone} they are the largest global producer of rice....i like rice:)

[14:54] {Geo} heheheh

[14:54] {Geo} youre out of luck wishbone

[14:55] {patience} this is like the queen saying, right, i've had enough...the family agrees, we resign

[14:55] {Geo} i checked and costco doesnt have basmati anymore

[14:55] {Threei}  plenty here

[14:55] {Threei}  I can mail you a bag

[14:55] {Geo} i guess the invasion is one then

[14:55] {Geo} on

[14:55] {Threei}  for a small administrative fee

[14:55] {Threei}  or you can invade of course

[14:56] {patience} geo, invade victoria....might as well pick a good spot

[14:56] {Geo} rains too much

[14:56] {Geo} cant i just do a crank call

[14:57] {patience} a selling point geo, we have water, lots of it   :)

[14:57] {Geo} true true

[14:57] {patience} quick vad, what else do we have

[14:57] {patience} shrimp...vad can fish for you

[14:57] {Threei}  nope

[14:57] {patience} lots and lots of shrimp

[14:57] {Threei}  I'll be a prisoner, remember?

[14:57] {Threei}  he fishes for me

[14:57] {patience} damm, means you have to eat the fish

[14:57] {Threei}  cooks them too

[14:57] {Geo} prison shrimp boat captain

[14:57] {Geo} i like that

[14:58] {patience} there we are

[14:58] {Geo} chaer what do you think?

[14:58] {Geo} gotta ask the senior invader

[14:59] {patience} i gotta call paris and ask her where she got her prison outfit

[14:59] {KSystems} Now I'm waking up again

[14:59] {Threei}  didn't trust UAUA 9.20 break when it held 9... too bad

[15:00] {Geo} comeone vad call some trades

[15:01] {Geo} i need money to plan an invasion

[15:06] {Threei}  FRPT

[15:07] {Threei}  4.50 break for a scalp

[15:07] {Threei}  and its product is great for invasions

[15:09] {Threei}  GM TO POST PLAN ON WEBSITE AT 5PMET; TO HOLD PRESS BRIEFING AT 5:30PMET

[15:13] {patience} vad, is anybody trading anything in the market?

[15:13] {Threei}  why not

[15:13] {Threei}  things move

[15:13] {patience} i just dont see much movement in stocks

[15:17] {Threei}  just a scalp FRPT

[15:17] {Threei}  stop is either under .45 or .40

[15:17] {Threei}  both are valid

[15:24] {wishbone} vad, when i hit the offer of FRPT @ .51 when .50 first printed but i wasn't filled. what should i have tried for to get filled?

[15:24] {Threei}  which route?

[15:25] {wishbone} inte

[15:25] {wishbone} inet

[15:25] {Threei}  same here, got my fill...

[15:25] {Threei}  I guess just a fraction of second difference

[15:25] {wishbone} ok ty

[15:25] {Geo} what vad said

[15:25] {Threei}  .50 was eaten through very quickly

[15:25] {Geo} got your fill

[15:26] {wishbone} so u hit .51 or .5?

[15:26] {Threei}  I had .51

[15:26] {wishbone} ok

[15:26] {Threei}  but clicked as soon as .50 started melting

[15:26] {wishbone} i need a faster trigger finger

[15:26] {Threei}  also, here is little trick I taught magoo once

[15:26] {Threei}  when you deal with this kind of stocks where levels can disappear very quickly, do this:

[15:27] {Threei}  click your price,

[15:27] {Threei}  point cursor on the buy button,

[15:27] {Threei}  press the mouse button and keep it pressed

[15:27] {Threei}  now it will click when you let go

[15:27] {Threei}  Saves you time,

[15:27] {Threei}  faster to let go than do both

[15:28] {wishbone} huh

[15:28] {Threei}  BUT

[15:28] {Threei}  if you decide not to enter

[15:28] {wishbone} ther's always a but

[15:28] {Threei}  make sure you miove cursor away

[15:28] {wishbone} ok ty

[15:28] {Threei}  before you let go

[15:29] {wishbone} execution is huge in scalping eh!

[15:29] {Threei}  well, on fast stocks...

[15:29] {Threei}  be thankful you haven'ty had to do it in 1998-2000

[15:29] {Threei}  executions were nowhere as simple as today'

[15:29] {Threei}  s

[15:30] {Threei}  SOES, SelectNet, ECNs,

[15:30] {Threei}  5 min rule, 30 seconds rule

[15:30] {Threei}  SnetPref

[15:30] {Threei}  SOES queue

[15:30] {wishbone} lol

[15:30] {Threei}  I used to give classes on how to enter and exit

[15:30] {wishbone} ok i get it:)

[15:31] {Threei}  that was something to actually learn, believe it or not

[15:31] {Threei}  these days it's just a click for the most part

[15:32] {Chaeron} yeah... trading is for wusses now..... (teasing)

[15:32] {Threei}  lol

[15:32] {wishbone} lol

[15:33] {Threei}  as daunting as that was, it actually gave experienced traders some additional edge

[15:33] {Threei}  would take a fraction of second to evaluate who is at the offer and how to hit him right

[15:33] {Threei}  while newer traders had to think, or tried and failed

[15:33] {Chaeron} yep.. had to walk to my computer every morning... through 6' of snow and winds... uphill...

[15:34] {peterg} weak coffee

[15:34] {Geo} on a unicycle

[15:34] {Threei}  well, that was progress since times you had to use home pigeons to send your orders in

[15:34] {Chaeron} you called your brokers pigeons?

[15:35] {Threei}  tying a thin paper to its leg with "buy me a 1000 of IBM" and telling him to fly to NYSE floor

[15:35] {Chaeron} I mean they were about as intelligent as but... :)

[15:35] {Threei}  lol

[15:36] {Threei}  out FRPT

[15:36] {Threei}  .63

[15:36] {Chaeron} beauty

[15:38] {Threei}  6 for 6

[15:41] {Threei}  GM

[15:41] {Threei}  REQUESTS $12B, WITH INITIAL DRAW OF $4B IN DEC

[15:49] {Threei}  REPORTEDLY GM PLAN WILL REQUESTS $12B, WITH INITIAL DRAW OF $4B IN DEC, AND $6B BRIDGE LOAN; SUGGESTS ISSUING WARRANTS AS PART OF LOAN DEAL

[15:49] {Threei}  - has intention of repaying loans as soon as 2011.

[15:49] {Threei}  - to explore options for Saturn and Saab units; to focus on four core brands.

[15:49] {Threei}  - plans to have 15 hybrid models by 2012.

[15:49] {Threei}  - proposes additional pay cuts.

[15:50] {hawkfan4} geez, nice job vad.  not trading much this week, helping my Dad clean out his offices.  Closing down his drywall company after 30 years. 

[15:50] {Threei}  just retiring?

[15:51] {hawkfan4} nope, bad housing market + credit crunch, can't keep it going

[15:51] {Threei}  oh

[15:51] {Threei}  sorry :(

[15:52] {hawkfan4} thx.  Talk about a group of people who have no sympathy for the auto industry.  Residential construction industry decimated

[15:52] {Threei}  I can imagine...

[15:56] {peterg} Hawk, what region are you in?

[15:57] {peterg} state country

[15:57] {hawkfan4} chicago

[15:57] {peterg} yay!

[15:57] {peterg} hometown

[15:57] {peterg} before mpls

[15:57] {peterg} Hyde Park

[15:57] {peterg} me & obama

[15:57] {peterg} real close

[15:57] {hawkfan4} cool, where, ah, nice. lol

[15:58] {Threei}  OK guys, thank you all

[15:58] {Threei}  have a great evening, see you tomorrow

[15:58] {KSystems} take care vad

[15:58] {peterg} thank you vadster

[15:58] {Threei}  nice finish FRPT

[15:58] {Threei}  and GM

[15:59] {Threei}  whatever... tomorrow is new day

[15:59] {Threei}  not a good time to play with overnight positions

[15:59] {Threei}  or matches

[15:59] {Threei}  or run with scissors

[15:59] {hawkfan4} lol

[15:59] {hawkfan4} nite all

[16:02] {KSystems} nite everybody

[16:02] {KSystems} have a great evening