Dec 08 2008

Fairly nice even though not stellar day. Got the idea of the rally right, but expected more strength. Anyway, profit is profit, and it was had.

Session Time: Mon Dec 08 00:00:00 2008

[07:51] {Threei}  GM

[07:51] {Threei}  VICE CHAIRMAN: OPTIMISTIC THAT A SHORT-TERM LOAN WILL BE GRANTED - CNBC

[07:51] {Threei}  - Firm is not being particular on where funds come from

[07:51] {Threei}  - In absence of auto-bailout, everyone in market will be in trouble{F}

[08:22] {Threei}  BALTIC DRY BULK INDEX RISES 1.2% , FISRT GAIN SINCE NOV 18

[08:49] {tomg} good morning

[08:49] {Threei}  tom :)

[08:50] {dawg} gm all

[08:50] {Threei}  dawg :)

[08:54] {Threei}  how about that HIG

[08:59] {dptl} good morning all

[08:59] {Threei}  dp :)

[08:59] {peterg} hola!

[09:00] {Threei}  peter :)

[09:00] {Threei}  stocks of interest:

[09:00] {Threei}  HIG

[09:00] {Threei}  GM

[09:00] {Threei}  DRYS

[09:00] {Threei}  UAUA

[09:01] {Threei}  CHK

[09:01] {Threei}  GG

[09:02] {KSystems} Good morning!

[09:02] {Threei}  KS :)

[09:07] {Geo} good morning

[09:08] {Threei}  Geo :)

[09:09] {dino} gm all

[09:09] {Threei}  dino :)

[09:10] {lisa_jay} Good morning.

[09:10] {Threei}  lisa :)

[09:12] {KSystems} urk...grabbed the sour milk for the coffee

[09:12] {Threei}  CHK jump

[09:12] {Threei}  told ya... don't put junk into good product - coffee has to be black :)

06[09:13] * KSystems slaps Threei around a bit with a large bucket of hot black espresso

[09:14] {Threei}  my morning starts out right

[09:14] {Threei}  CHK

[09:14] {Threei}  CEO: COMPANY HAS AMPLE LIQUIDITY; DISSAPOINTED BY CURRENT SHARE PRICE - CONF CALL

[09:14] {Threei}  - Well positioned to survive macro environment of low oil prices

[09:14] {Threei}  - Epxects to have $2B in cash by the end of the year

[09:15] {Threei}  I know what the difference is between me and CHK

[09:15] {KSystems} " - Epxects to have $2B in cash by the end of the year"?

[09:15] {Threei}  if I had 2B in cash, I wouldn't even bother to hold conference calls and publishing press releases

[09:18] {Onix} Good morning all

[09:18] {lisa_jay} Hi Onix

[09:18] {Threei}  onix :)

[09:18] {patience} good morning guys

[09:19] {Onix} hi patience

[09:19] {Threei}  patience :)

[09:22] {dino} gap dji at 8828

[09:22] {wishbone} gm all

[09:23] {Threei}  wishbone :)

[09:23] {cosmo} elsr 2.7 pre mkt high ...fwiw

[09:23] {Onix} hi wishbone

[09:24] {wishbone} hello onix

[09:24] {cosmo} eslr

[09:29] {ese} good morning

[09:29] {Threei}  ese :)

[09:29] {Onix} hi ese

[09:31] {Threei}  if DRYS drops sharply into 5.20 area, will be pullback entry

[09:31] {ese} what the news on DRYS Vad

[09:32] {Threei}  [08:47] {Threei} BALTIC DRY BULK INDEX RISES 1.2% , FISRT GAIN SINCE NOV 18

[09:32] {Threei}  UAUA no pullback

[09:33] {Threei}  if moves quickly to around 12-12.10

[09:33] {Threei}  grab it

[09:34] {Threei}  in

[09:34] {Threei}  stop under 11.90

[09:35] {Threei}  DRYS non-stop

[09:36] {Threei}  half out UAUA

[09:37] {Threei}  stop to .94

[09:37] {Threei}  watch DRYS for pullback into 6

[09:38] {ese} definately....

[09:39] {Threei}  6.50 break...

[09:39] {Threei}  risky as hell

[09:41] {dino} sm l amzn .70

[09:41] {Threei}  half out 6.80

[09:42] {Threei}  scalpers are out happily

[09:42] {tomg} ty vad 

[09:42] {Threei}  welcome sir

[09:42] {Threei}  offering second half 7.05

[09:42] {Threei}  greed gets better of me

[09:43] {Threei}  stop under b/e

[09:43] {magoo} morn

[09:43] {Threei}  mags :)

[09:44] {Threei} Long Setup:  CHK  .95 half lot

[09:44] {Threei}  if stays above .80

[09:46] {Threei}  no worky

[09:48] {dino} out amzn .30, +.60

[09:48] {Threei}  nice

[09:49] {dino} ty

[09:49] {Threei}  DRYS out second half

[09:49] {Threei}  watching for possible pullback entry

[09:51] {dino} mcd sm l .02

[09:54] {Threei}  WHITE HOUSE: HAVE MADE PROGRESS ON AUTO RESCUE PACKAGE

[09:54] {Threei}  - Notes that Tuesday may be to soon to set vote

[09:54] {Threei}  - Bush administration is waiting to see the wording of congressional bill

[09:55] {dino} mcd stopped -.30-

[09:58] {Threei} Long Setup:  DRYS  .46 if stays above .30

[09:59] {magoo} in

[10:00] {Threei}  CHK

[10:01] {Threei}  come on market bounce time

[10:02] {dino} sm s spy.25

[10:06] {magoo} see..just ask nicely vad

[10:06] {Threei}  you mean I need to renounce violence?

[10:07] {Threei}  half out DRYS

[10:07] {magoo} well..i wouldnt say that

[10:07] {Threei}  scalpers have over 1:1

[10:07] {lisa_jay} Thanks Vad for DRYS...made 21c.

[10:07] {Threei}  :)

[10:07] {peterg} tks, made .14 on 2 entries

[10:08] {wishbone} ty vad drys +.15

[10:08] {Threei}  put your patience and resolve to test when retreatd almost into stop level, eh?

[10:08] {magoo} out .71 TY vad

[10:08] {Threei}  welcome guys

[10:08] {peterg} ye[

[10:08] {peterg} wtg mags

[10:08] {Threei}  double benefit then

[10:08] {magoo} double lot

[10:08] {Threei}  profit AND good training experience

06[10:09] * Threei slaps magoo around a bit with a large position sizing and risk control manual

[10:09] {Geo} i/4 out .81

[10:09] {Threei}  WHITE HOUSE: IF AUTO MAKERS TAKE GOVT AID BUT FAIL TO BECOME VIABLE, ADVISORS COULD SUGGEST CHAPTER 11 FOR THE BIG 3

[10:09] {Threei}  {F GM}

[10:09] {Threei}  me out .80

[10:10] {Geo} sitting 300 for high

[10:10] {Threei}  me wants no another big pullback

[10:10] {Threei}  looks good for you Geo

[10:10] {Threei}  follow your plan

[10:10] {Geo} yea... want up

[10:11] {Threei}  don't let me influence your decision, as long as you control risk well

[10:11] {Chaeron} good morning all... welcome to a new week

[10:11] {Threei}  chaeron :)

[10:11] {Geo} trailing stp

[10:11] {magoo} chaer broil:)

[10:11] {Geo} Ty vad

[10:11] {Threei}  oh, I know why magoo took double lot on that trade

[10:11] {Chaeron} I wasn't here?

[10:11] {Threei}  he did it for chaeron

[10:11] {Chaeron} ohhh thanks :)

[10:11] {Geo} out

[10:12] {Geo} heheh tried

[10:12] {magoo} uh...the first answer  he he

[10:12] {Chaeron} lol

[10:12] {magoo} [10:11] {Chaeron} I wasn't here?

[10:12] {Threei}  it's a valid attempt geo

[10:13] {Threei}  if you took double lot and haven;t partialed any when it ramped up to 1:2, you would get the living daylihght slapped out of you

[10:13] {Geo} no one lot

[10:13] {Threei}  but the way you did it is totally legity

[10:13] {Geo} only tried the trail on 1/4

[10:13] {Threei}  legit

[10:13] {Onix} ty vad, I got 33c in DRYS

[10:13] {Geo} thankd vad.... justy trying to get ready for the bull

[10:14] {Threei}  yup

[10:14] {Threei}  HIG

[10:14] {Threei}  seems to be holding 17

[10:14] {magoo} moving fast vad

[10:19] {Geo} shorted break of HIG 17

[10:20] {peterg} been watchin it

[10:21] {Geo} out second half..

[10:21] {Geo} scratch trade

[10:21] {Threei}  looks like rally prepares to become stunning

[10:21] {Threei}  how about that woridng?

[10:21] {Geo} lol

[10:21] {magoo} might be a 700 plus]

[10:22] {peterg} AMZN?

[10:23] {magoo} any read RIMM vad?

[10:23] {Threei}  DRYS

[10:24] {Threei}  if NASDAQ breaks, 7 break becomes a catalyust for explosion

[10:24] {Threei}  but please, no double lots

[10:24] {magoo} how about hiytting the pullbk

[10:24] {magoo} HIG too vad

[10:24] {Threei}  if NASDAQ jumps over resistance and DRYS gives a little delay, certainly

[10:26] {magoo} i hit HIG here .16

[10:26] {magoo} long

[10:27] {magoo} .96 stop

[10:28] {magoo} no mkt help

[10:28] {Threei} Long Setup:  QQQQ  here

[10:28] {Threei}  with stop under .80

[10:32] {Threei}  even though stop is of a scalping type on this Qs entry, this is just becaiuse of pullback into support entry

[10:32] {Threei}  I am not looking for a scalp on this trade

[10:32] {Threei}  rather trying to catch a big move

[10:32] {Threei}  and fool the nature

[10:33] {Threei}  by having tight stop with big reward

[10:33] {Threei}  T.B. PICKENS: DOES NOT SEE OIL FALLING UNDER $40/BRL

[10:33] {Threei}  - Note: In October predicted that oil would reach the $100/brl level in 2009

[10:34] {Threei}  as far as I can rememer, he did not see oil losing 100

[10:35] {dino} talking his book

[10:35] {dino} i think we hit 38 on fri

[10:39] {Threei}  my Q entry was .86

[10:40] {Threei}  planning to offer 1/3 above 30.10

[10:43] {magoo} nic q call vad

[10:45] {Threei}  out first portion QQQQ +.30

[10:45] {dino} l mcd .90

[10:45] {Threei}  this is frikkin 1:4

[10:46] {magoo} ssssaaaaaaaaawwwwwwweeeeeeeaaaaaaattt

[10:46] {wishbone} frikkin' eh!

[10:46] {Geo} out thanks vad....

[10:46] {Threei}  that's my way to say I am in awe of myself wishbone :)

[10:47] {wishbone} lol

[10:47] {wishbone} i'm in awe too....very humbling! :)

06[10:49] * magoo slaps Threei around a bit with a large a bag of humility lol

[10:49] {Threei}  thanks mags

[10:49] {Threei}  needed that

[10:50] {Threei}  structure this trade accordingly to your risk tolerance and targets guys

[10:50] {Threei}  even for "not a scalp" trade it already worked wonders

[10:50] {Threei}  I am getting seriously greedy here

[10:51] {Threei}  and I don't really care if the remainder of the p;osition gets stopped breakeven

[10:51] {Threei}  if you do, take off 1/3 more

[10:52] {wishbone} q's +.25 ty vad

[10:52] {Threei}  welcome

[10:54] {Threei}  for those who are holding, let me outline your options

[10:54] {Threei}  1. keep breakeven stop for the remainder and let it trade

[10:54] {Threei}  that's my choice at the moment

[10:55] {Threei}  2. trail stop to under 30

[10:56] {magoo} forgot post..got 17.47 on HIG

[10:56] {magoo} + somrething

06[10:56] * Threei slaps magoo around a bit with a large roll of cash

[10:57] {Threei}  SNDK

[10:57] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[10:57] {Threei}  - rumor that Toshiba has been able to raise much of the financing needed for a SNDK bid

[10:57] {Threei}  getting old

[11:09] {magoo} vad, u still in q?

[11:09] {Threei}  yes

[11:09] {Threei}  .85 is my stop

[11:11] {magoo} im considering reentering long is why i ask

[11:12] {dino} sds l .50

[11:12] {dino} sm

[11:19] {dino} sm s afam .48

[11:25] {magoo} vad, i missed premkt..was it an untradeable gapper?

[11:26] {Threei}  what stock magoo?

[11:31] {magoo} just in genral

[11:31] {Threei}  not sure how to answer... it was gapper, and big one, but why untradeable? didn't we find a few good ones?

[11:33] {magoo} no..i meant in premkt..

[11:34] {Threei}  it was steady climb for the most part

[11:34] {Threei}  you know, he type where you don't have actual setups to go from

[11:35] {Threei}  and if you just enter anywhere it may continue climbing or may smack you hard

[11:35] {Chaeron} whoa... 

[11:35] {dino} put me in smack hard camp

[11:36] {Threei}  what the heck just happened?

[11:36] {Chaeron} no se

[11:36] {lisa_jay} yup

[11:36] {dino} i went short

[11:36] {Chaeron} heheheh

[11:37] {dino} big gap to fill

[11:53] {Threei}  if you got bored and don't mind 20-25 cents stop on small shares,

[11:53] {Threei} Long Setup:  GG  small shares .20 break

[11:53] {Threei}  with stop under 24

[11:55] {dino}  stopped sds .53, +1.03

[11:55] {ese} how bout DRYS long

[11:55] {Threei}  quite a contradiction between "stopped" and +1

[11:56] {magoo} really

[11:56] {Threei}  not sure ese

[11:56] {KSystems} dino, are you still in SPY and MCD?

[11:56] {dino} trailed stop and hit

[11:56] {dino} way too tight

[11:56] {Threei}  I know dino... just sounds odd :)

[11:57] {Threei}  "stopped" has negative connotation to it

[11:57] {dino} i am odd

[11:57] {Threei}  while +1 is a good enough reson to get drunk, break couple windows, get arrested and spend all the profits on bail

[11:58] {magoo} in vad

[11:58] {Threei}  GG?

[11:58] {dino} not when your batting 285

[12:00] {Threei}  UAW REPORTEDLY SEEKS EQUITY AND BOARD REPRESENTATION IN ANY RESTRUCTURING PLAN FOR GM

[12:00] {magoo} in for drunken rampage..not GG lol

[12:00] {Threei}  ah

[12:00] {dino} just give the companies to the uaw

[12:00] {Threei}  cool

[12:01] {Threei}  yeah dino... I just thought, that will be the end of GM

[12:01] {Threei}  even if it survives current situation

[12:02] {Threei}  (US) REP FRANK: DEAL ON SHORT-TERM LOANS TO US AUTOMAKERS WILL LIKELY BE CONCLUDED BY THE END OF DAY ON MONDAY - CNBC

[12:07] {Threei}  HIG selling hard

[12:08] {dino} met sm s .00

[12:15] {ese} L DRYS  .52

[12:18] {Threei}  aimless wandering

[12:18] {Threei}  need something to shape up to give a next clue

[12:19] {dino} ciov met -.25

[12:24] {ese} out DRYS  2 lots  .80 +.28

[12:25] {ese} outta here for the day...see ya tomorow

[12:26] {Threei}  take care ese, nice trade

[12:26] {Threei}  ok

[12:26] {Threei}  Qs

[12:26] {Threei}  30 break worth a try

[12:26] {Threei}  with stop under .90

[12:28] {Threei}  seems slowly gaining traction for rally resumption

[12:35] {dino} gj es

[12:36] {Threei}  {ese} you guys are really slow... I left quite a while ago and can't hear you, nor do I care to

[12:38] {dino} lol

[12:38] {hawkfan4} lol, gj bbass ;)

[12:46] {Threei}  can you believe market's ability to fall into deep coma right in the middle of such hot action?

[12:46] {magoo} no..just like always..frustrate the masses

[12:47] {Threei}  image in front of my eyes:

[12:47] {Threei}  boxers in the ring,

[12:47] {Threei}  exchange punches,

[12:47] {magoo} i like HIG here

[12:47] {Threei}  one of them suddenly lies down and starts snorring,

[12:47] {magoo} in sm .87

[12:47] {Threei}  another one shrugs, waits, loses focus

[12:48] {Threei}  when he turns his back to sleepy one, suddenly massive hit follows

[12:49] {Threei}  now, the only thing we need to find out is, is the one who got his bear or bull

[12:49] {Threei}  his = hit

[12:50] {Threei}  CONGRESSIONAL AIDE: DEMOCRATS AIM TO SEND DRAFT FOR AUTO AID TO WHITE HOUSE WITHIN A FEW HOURS

[12:50] {Threei}  {GM F}

[12:50] {Threei}  ILLINOIS GOV: BAC SUSPENDED FROM ALL BUSINESS IN EFFORTS TO PRESSURE COMPANY TO USE TARP FUNDING TO BE USED FOR CREDIT TO A WINDOW FACTORY

[12:50] {Threei}  good

[12:50] {Threei}  I say Illinois got the right idea

[12:51] {dino} the inmates are running the asylim

[12:52] {Threei}  been that way for a while

[12:52] {dino} asylim

[12:52] {magoo} out hig

[12:52] {magoo} .79

[12:57] {magoo} rinbsed me

[12:57] {magoo} was afraid of that q pullbk

[13:02] {Chaeron} DRYS - nice move

[13:02] {magoo} will GM pop big if announce auto deal today vad? or sell the news

[13:02] {Threei}  hard to tell

[13:03] {Threei}  more and more feels like it's a bear that is going to be killed after the coma is over

[13:04] {dino} ????

[13:05] {magoo} hunter language dino

[13:06] {Threei}  DRYS turns into that non-stop kind of movement

[13:08] {magoo} new low hig

[13:10] {dino} pru l .10

[13:14] {dino} stopped

[13:24] {Threei}  CHK

[13:24] {Threei}  CEO: COMPANY HAS BEEN 'HURT' BY FALSE SPECULATION OVER BANKRUPTCY, BELIEVES STOCK SHOULD TRADE BETWEEN $25-35/SHR - INTERVIEW COMMENTS

[13:24] {Threei}  - Comments that the company has no debt maturities for the next 5 years, has no intent to access capital markets within the next 2 years

[13:25] {dino} alto they filed for 25 million share secondary

[13:25] {Threei}  hehe

[13:25] {dino} they

[13:25] {dino}  did, 

[13:25] {Threei}  f

[13:26] {Threei}  nears HOD

[13:26] {Threei}  stronger than GM today for some reason

[13:35] {Geo} back

[13:41] {Threei}  you left?

[13:45] {Geo} only in body

[13:46] {Threei}  lol

[13:46] {Threei}  good one

[13:46] {Threei}  HIG is coming into closing price

[13:47] {magoo} u thinking base

[13:48] {Threei}  feels like close to bounce

[13:48] {Threei}  would love to see it around 14.50

[13:51] {magoo} how about 15 break

[13:51] {Threei}  for scalp only

[13:52] {Threei}  and don't chase

[13:52] {Threei}  market is a bit nervous here

[13:52] {Threei}  DRYS .05 for scalp

[13:52] {Threei}  if holding 7

[13:55] {Threei}  over 1:1

[13:55] {jmb} thanks vad drys

[13:55] {Threei}  welcome

[13:55] {Threei}  easy money

[13:55] {Threei}  big offer at .04 was dead giveaway

[14:14] {magoo} .

[14:15] {patience} thought i was disconnected

[14:15] {magoo} me too :)

[14:16] {Threei}  so

[14:16] {Threei}  what was that?

[14:16] {Threei}  just a bull trap closing?

[14:17] {Threei}  don't see any news

[14:18] {Threei}  DRYS went crazy

[14:20] {magoo} AAPL 100 magnate RISKY

[14:25] {Threei}  if you are ready to try Qs for another leg, either .15 long or wait for pullback

[14:25] {Threei}  hard to tell whether shakeouts are over

[14:31] {Threei}  impressive strength F

[14:33] {Threei}  DRYS

[14:33] {Threei}  big offer again

[14:33] {Threei}  if market makes another jump, .50 break

[14:33] {Threei}  if stays above .40

[14:33] {Threei}  btw, same name at the offer

[14:34] {Threei}  someone gets steamrolled on his short and tries to average? :)

[14:35] {Threei}  wow F

[14:35] {Threei}  serious drop

[14:41] {Threei}  NASDAQ break is coming

[14:42] {magoo} magoo kickin aapl

[14:43] {Threei}  ne high

[14:43] {Threei}  new

[14:43] {magoo} p;retty good kick

[14:43] {Threei}  i'll say

[14:48] {Threei}  if you waited for Qs pullback and got it near 30, half out here

[14:48] {Threei}  if took .15, just sit and look pretty

[14:48] {Geo} got .10

[14:48] {magoo} aapl 100

[14:48] {magoo} out

[14:48] {magoo} + .64

[14:49] {magoo} feels like 101 coming

[14:49] {Threei}  even with .15 entry you have over 1"1 now, half out

[14:49] {Threei}  1:1

[14:55] {magoo} HIG attacking 16 RISKY

[14:59] {magoo} HIG 

[15:00] {magoo} aapl 101 

[15:00] {magoo} comith RISKY

[15:01] {magoo} obviously..aapl needs mkt help

[15:01] {magoo} if IF mkt turns down all bets off

[15:01] {magoo} bewitching hour now

[15:02] {magoo} who knows

[15:05] {dino}  sm risky, l sds .95

[15:07] {Threei}  (US) SENATE MAJORITY LEADER REID: WE WILL HAVE AUTOMAKER BAILOUT PACKAGE BEFORE THE SENATE SHORTLY

[15:07] {Threei}  US TREASURY'S KASHKARI: BANKS NOT LENDING AS FAST AS GOVT WOULD LIKE, TREASURY WILL TAKE NEW STEPS TO MONITOR CONTRACTORS

[15:07] {Threei}  - Will announces another report Tuesday, Dec 9th

[15:07] {Threei}  - Continues to work on ways to ensure compliance

[15:07] {Threei}  - Rtemarks that will provide the Obama administation with a 'robust' organization of the TARP program {

[15:08] {cosmo} i thought it was a loan

[15:08] {Threei}  new high Qs

[15:08] {Threei}  ADBE

[15:09] {Threei}  23 break possible play on market continuation

[15:09] {Threei}  DRYS is probably tired

[15:10] {Threei}  MS

[15:10] {Threei}  UPDATE: TICKS HIGHER AFTER REPORT THAT SENIOR MANAGEMENT WILL TAKE AVERAGE OF 65% CUT IN 2008 BONUS; CEO MACK WILL FORGO 2008 BONUS

[15:11] {magoo} AAPL

[15:11] {Threei}  I am yet to understand why anyone over there deserves any kind of bonus

[15:11] {Geo} if they werent there it would have been worse

[15:12] {Threei}  I'll have to disagree if they present this kind of argument

[15:12] {Geo} lol

[15:12] {Threei}  they weren't anywhere close to my banking account, and it's in a much better shape than their banks

[15:12] {Threei}  how's that for empirical evidence?

[15:13] {Geo} adbe valid?

[15:13] {Threei}  as long as it's holding above .90

[15:21] {Threei}  (US) SENATOR BAUCUS: ECONOMIC STIMULUS PACKAGE WILL BE AROUND $500B, BELIEVES THAT HALF SHOULD GO FOR INFRASTRUCTURE AND SHOULD INCLUDE TAX CUTS - TV INTERVIEW

[15:22] {dino}  they wanted 800b

[15:23] {Threei}  I expect this number to change from 500B to 2T and back 40 times between now and then

[15:23] {Threei}  if past dicussions and soundbites are any indication

[15:24] {laserdave1} hawkfan

[15:24] {laserdave1} dcc please

[15:25] {Geo} sigh

[15:25] {magoo} thats never good

[15:31] {dptl} have a good evening all

[15:31] {magoo} u too :)

[15:32] {Threei}  take care dp

[15:33] {Geo} amzn new high

[15:36] {Geo} .

[15:38] {patience} tsx +500    it has been a nice day...starting to look at wall mounted tv's at costco

[15:38] {Threei}  lol

[15:39] {Chaeron} they got a great Sony there on special :)

[15:39] {patience} don't laugh, i'm going to ask you to install it

[15:39] {Chaeron} roflol

[15:39] {Threei}  you have a few spare walls?

[15:39] {Threei}  you better

[15:39] {patience} over the fireplace...i'm sure you'll enjoy the challenge

[15:39] {Threei}  'cause those I'll mount TV on are guaranteed to come down crashing

[15:40] {Geo} amzn lagged nicely

[15:40] {Geo} on short to Qs

[15:44] {Geo} anyone.. in anything?

[15:44] {Geo} i am flat

[15:44] {Threei}  front view or side view?

[15:45] {Geo} back for you vad

[15:45] {Threei}  business as usual then

[15:45] {Geo} hehe

[15:45] {Threei}  :)

[15:45] {Threei}  qS BOUNCE SCALP AS A LAST TRADE IDEA FOR TODAY

[15:46] {Threei}  on the nxt leg down

[15:46] {dino} out sds .15, +1.20

[15:46] {Geo} i cant believe i screwed up the day and up only 29.00

[15:46] {magoo} q?

[15:46] {magoo} qS?

[15:46] {Threei}  Qs

[15:46] {Threei}  how Geo??

[15:46] {dino} geo, take it easy, i'm negative

[15:46] {Geo} fat fingered the wrong direction

[15:47] {Threei}  ouch

[15:47] {Geo} not your kind of day dino

[15:47] {Geo} too orderly

[15:47] {dino} 5/15

[15:47] {dino} i suck

[15:47] {Geo} amazon helped me climb back

[15:47] {dino} these big up gaps that don't fill, kill me

[15:49] {Geo} wow

[15:50] {Geo} didnt get tthis ounce

[15:50] {Threei}  grabbed quick 11 cents

[15:50] {Geo} i knew it !!!!!!!!!!!

[15:50] {Threei}  awww... a little too soon

[15:50] {Threei}  WHITE HOUSE REPORTEDLY RAISING CONCERNS OVER RECENT AUTO BILL PACKAGE DRAFT; CITES LACKING ASSURANCES OF VIABILITY

[15:51] {Geo} nice

[15:51] {dino} assurances? are there any

[15:53] {Threei}  ugh

[15:53] {Threei}  could be a very nice one from .87 entry

[15:54] {Threei}  not that I am complaining about quick 110 at the end of the day

[15:54] {Threei}  sheesh

[15:54] {Geo} rabbed 25 cents from AMZN

[15:54] {Geo} 300 only

[15:55] {Threei}  military jet crash in San Diego

[15:55] {Threei}  residential area

[15:56] {Threei}  chaeron, oput away that slingshot, will ya

[15:56] {Geo} hmmm exited early

[15:56] {Chaeron} not me!

[15:58] {Geo} thanks all......

[15:58] {Threei}  I seem to overcome the curse of big gap/slow climb days lately dino

[15:58] {Threei}  don't know if that's a temporary phenomenon or I finally learned how to trade them

[15:59] {dino} you're a lucky guy

[15:59] {Threei}  OK guys, thank you all

[15:59] {Threei}  have a good evening, see you tomorrow

[15:59] {KSystems} cya Vad take care

[15:59] {magoo} ty boss

[15:59] {dino} we should be selling the 1000 pt rips, hmmmm

[16:00] {lisa_jay} Thanks Vad.

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