Please review the content for the Bahamas Conference in April, 2009. You will find a lot of interesting topics, including five seminars by me. Please fill out the Survey to help finalize the planning.

First 30 minutes made the whole day - 3 winning trades of a nice size in quick succession, quite enough to go home. Not sure what we did the rest of the day but fun was had.

Session Time: Wed Dec 17 00:00:00 2008

[08:13] {Threei}  BALTIC DRY BULK INDEX +1%, AN 8TH STRAIGHT ADVANCE

[08:29] {Larisa1} good morning :) 4 inches of snow here. ice storm tomorrow :)

[08:31] {patience} good  morning Larisa1, snow here still too   :(   

[08:31] {cosmo} but it's save to back into the water maybe .... markt wise

[08:32] {Larisa1} then let it snow :)

[08:32] {Threei}  Good morning all

[08:32] {_elepet} Good morning 

[08:32] {Larisa1} gm pat, cosmo, threei

[08:32] {Threei}  elepet, larisa :)

[08:33] {_elepet} Larisa, are you the same one that was here in 2003?

[08:33] {Larisa1} no, i've changed a lot, 5 years older :)  

[08:33] {cosmo} i know the feeling

[08:34] {Threei}  I don't

[08:34] {cosmo} you will

[08:34] {Larisa1} lol

[08:34] {Threei}  I haven't changed since age of 11, except appearance

[08:34] {_elepet} nor i. and i bet i'm "older" than all of you.

[08:35] {cosmo} feeling like an 11 year old, traped in the body of an old man

[08:36] {cosmo} when i was 11, it was the other way around

[08:38] {_elepet} What is DSX? I notice it's the only one of the "Baltic" group you nentioned that is green pre market?

[08:39] {Threei}  http://www.dianashippinginc.com/

[08:40] {cosmo} ADBE

[08:40] {cosmo}     * [$$] Microsoft Targets Adobe in Web-Design Softwareat The Wall Street Journal Online(Tue 10:34pm)

[08:41] {Threei}  12/16/08 04:05pm [ADBE] Reports Q4 $0.60 v $0.58e, R $915M v $918Me

[08:41] {cosmo} # Adobe results at top end of viewReuters(Tue 8:37pm)

[08:42] {Onix} Hi there everybody

[08:43] {Threei}  onix :)

[08:43] {cosmo} JOYG: # Joy Global's 4Q profit rises on strong demandAP(Wed 8:29am)

[08:43] {cosmo} # UPDATE - Joy Global gives FY09 outlook below market viewat Reuters(Wed 8:08am)

[08:50] {cosmo} ADBE hi last night = 25.25   fwiw

[08:50] {Threei}  GOLDMAN'S ABBY JOSEPH COHEN PREDICTS S&P500 COULD MOVE UP MORE THAN 25% TO 1,150 BY 2010 -

[08:51] {Threei}  predicts that it could?

[08:51] {cosmo} maybe by friday ....maybe

[08:51] {Onix} must have a clear cristal ball

[09:00] {wishbone} gm all

[09:00] {Threei}  wish :)

[09:00] {Onix} hi wish

[09:01] {wishbone} hello onix

[09:02] {Raven}  The REAL LARISA !!!!!!!

[09:02] {Raven}  Good mornink

[09:02] {Threei}  Raven woke up :)

[09:02] {Raven}  Beautiful women do that to me

[09:03] {Onix} hi raven, long time no see

[09:03] {Raven}  Hi ... I have been watching you

[09:03] {Threei}  we behaved

[09:03] {Threei}  didn't we?

[09:03] {lisa_jay} Good Morning.

[09:03] {Raven}  uhh ... well, sort of

[09:03] {Threei}  lisa :)

[09:04] {Onix} hi lisa

[09:04] {lisa_jay} Hi Onix

[09:04] {Threei}  well, now and then I told them not to misbehave

[09:04] {Raven}  you acted worse than they did

[09:05] {Threei}  oops

[09:05] {Raven}  yes

[09:05] {Threei}  well, I have an excuse

[09:05] {Threei}  [08:34] {Threei} I haven't changed since age of 11, except appearance

[09:05] {Threei}  what's their excuse??

[09:05] {Raven}  lol

[09:07] {Raven}  5 inches of snow this morning here ... I hate it

[09:08] {cosmo} gee... i like snow

[09:08] {cosmo} sorry...

[09:08] {Raven}  damn grass is always greener

[09:08] {cosmo} without snow ... yes

[09:09] {Raven}  lol ... good point

[09:09] {cosmo} needs mowing

[09:10] {Geo} gm all

[09:10] {Raven}  I know ... guys show up once a week

[09:10] {Threei}  geo :)

[09:10] {dptl} good morning all

[09:10] {Threei}  dp the slacker :)

[09:10] {dptl} :)

[09:10] {Larisa1} HI Raven :) 

[09:10] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {dino} about 2" of ice

[09:11] {Raven}  Larosa ! :)

[09:11] {Onix} hi dino

[09:11] {Raven}  isa

[09:11] {Larisa1} you still can not type :)

[09:11] {Raven}  sigh ... I try

[09:12] {Larisa1} do not worry, I never could :)

[09:12] {cosmo} never worry?

[09:12] {Raven}  two finger technique here

[09:12] {Threei}  twice as good as mine

[09:12] {Raven}  what, me worry?

[09:13] {cosmo} just watch out for the shoes raven...

[09:13] {dino} :) onix

[09:14] {Raven}  shoes ... ya got me onthat one cosmo ...

[09:14] {cosmo} shoes from the press core ....sheesh

[09:14] {ese} howdeeeeee........

[09:14] {Raven}  ah ... duh ... I need tea

[09:15] {Threei}  ese :)

[09:15] {ese} hey vad

[09:15] {Onix} hi ese

[09:15] {ese} and alll

[09:17] {magoo} morning

[09:17] {Threei}  magoo :)

[09:18] {lisa_jay} Good morning Magoo.

[09:18] {Onix} hi mags

[09:19] {cosmo} CADX

[09:20] {cosmo} # Cadence Pharmaceuticals Announces Positive Topline Results of Phase III Clinical Trial of Acetavance in Laparoscopic SurgeryPR Newswire(Wed 9:00am)

[09:22] {tomg} good morning all

[09:22] {Onix} hi tom

[09:25] {Threei}  tom :)

[09:30] {KSystems} Hey...good morning

[09:30] {Threei}  ks :)

[09:31] {Onix} hi ks

[09:31] {Threei} Long Setup:  SLW  6 break if stays above 5.90

[09:33] {patience} no data from TSX to anybody, you have to laugh

[09:33] {Threei} Long Setup:  DRYS  11 break half lot

[09:33] {Threei}  if stays above 10.85

[09:35] {ese} who or what is slw vad

[09:35] {dino} crn sm s .00

[09:35] {magoo} indrys

[09:35] {Threei}  silver play

[09:36] {ese} news

[09:37] {cosmo} interest rate are so low, ese

[09:37] {cosmo} is

[09:37] {Threei}  DRYS over 1:1

[09:37] {Threei}  half out .25

[09:37] {Threei}  scalpers take profit

[09:38] {Threei}  SLW over 1:1, half out

[09:39] {lisa_jay} Thanks Vad, got 10 and 20c on SLW

[09:39] {Threei}  :)

[09:39] {lisa_jay} Got 20c on Drys.

[09:39] {Threei}  offering DRYS balance .35

[09:39] {Threei}  SLW, not sure yet

[09:39] {Threei}  stops under b/e of course

[09:40] {Threei}  out in full DRYS

[09:40] {dino} aapl support? 85ish?

[09:40] {lisa_jay} nice

[09:40] {Threei}  wow... no idea AAPL

[09:40] {magoo} out DRYS .59 TY vad

[09:40] {dino} gj drys

[09:41] {Threei}  wtg

[09:41] {lisa_jay} Wow Magoo.

[09:41] {Geo} nice magoo

[09:41] {magoo} hit top..was laid out there

[09:41] {Threei}  watch ENER for pullback entry if goes to 22.80 area

[09:42] {magoo} aapl had pretty good support 87 area...BUT theyt are downgrading it today

[09:42] {magoo} careful

[09:43] {Threei}  .45 - .50 break on ENER, small shares if you go for that, stop under .20

[09:44] {magoo} DRYS vad..has 12 easy

[09:46] {Threei}  looks like mags

[09:46] {magoo} reloaded it .60

[09:47] {peterg} morning, lots of activity!

[09:47] {magoo} out .82

[09:48] {dino} gj

[09:48] {Threei}  feel free to take profit on ENER here

[09:48] {magoo} [09:44] {magoo} DRYS vad..has 12 easy

[09:48] {Threei}  out SLW inb full +.45

[09:48] {Threei}  peter :)

[09:49] {magoo} that was nice..i didnt take cause it no move yesterday

[09:49] {Threei}  20 minutes into trading day, 3 1/2 wins

[09:49] {Threei}  can I go home?

[09:49] {magoo} nope

[09:49] {magoo} :)

[09:49] {Geo} whose the slacker

[09:50] {magoo} 12

[09:51] {dino} crn bstop to .86

[09:52] {magoo} vad DRYS is going against mkt here

[09:52] {Geo} wow early on ener

[09:52] {Threei}  yeah

[09:52] {Geo} beautifull beautifull day vad

[09:52] {Threei}  but it's way too volatile, big risk to oversit

[09:54] {ese} L UAUA .49

[09:54] {Geo} traded rimm from last close's memory

[09:55] {peterg} .look at RIMM--perfect batman!

[09:56] {Threei} Long Setup:  EGLE  .75 break smaller shares if stays above .60, and use DRYS as leading indicator for this one

[09:57] {magoo} vad,leyt me know if a call u make is slow ok?

[09:58] {Threei}  UAUA, ese... if breaks .60, with any market help should go closer to 11

[09:59] {dino} cov crn .91 +.09

[09:59] {ese} tks vad

[10:02] {Threei}  no worky EGLE

[10:02] {lisa_jay} q's could be head and shoulders?

[10:03] {ese} uaua looking weak here

[10:03] {ese} needs to take that shot at .60

[10:03] {Threei}  looks fine to me so far ese

[10:03] {Threei}  stays near the high during masrket selling

[10:04] {magoo} q bounce vads?

[10:04] {dino} ebs hl s .15

[10:04] {Threei}  no read here mags, 50/50

[10:05] {magoo} somewhere vad

[10:06] {cosmo} CDNS testy

[10:07] {Onix} ty Vad, i got 14c + 36c + 41c in SLW

[10:07] {Threei}  :)

[10:09] {Threei}  UAUA just needs little encouragement form the market, holding amazingly well

[10:10] {Threei}  in fact, if market bounces, .60 break is new trigger on it

[10:10] {magoo} l q here 30

[10:11] {magoo} drat didnt see that red bar coming

[10:11] {ese} I see what you mean vad....showing strenght during market selling

[10:12] {ese} naz going dn and it hangs in there

[10:12] {ese} opps

[10:12] {Threei}  hopefully we get bounce soon enough

[10:12] {Threei}  salmon like this can lose patience and give up

[10:12] {dino} ebs bstop to .27, not moving

[10:12] {cosmo} CDNS: # UPDATE - Cadence's pain drug meets main goal; shares jumpat Reuters(Wed 9:57am)

[10:13] {cosmo} fwiw

[10:13] {lisa_jay} Vad, you have obsession with fish.  Salmon, trout.

[10:13] {Threei}  hmmm

[10:13] {Threei}  really

[10:13] {Geo} but they tase sooooogood...................

[10:13] {cosmo} i like red salmon that turn green

[10:14] {lisa_jay} lol Cosmo

[10:14] {Threei}  that could be unhealthy cosmo

[10:14] {cosmo} not if its healing

[10:14] {cosmo} in a down mkt

[10:15] {magoo} vad go to q lev 2

[10:15] {lisa_jay} Q's could go to 29.45 - 29.55 area.

[10:15] {magoo} are your bids off?

[10:16] {Threei}  no... looks ok

[10:16] {magoo} mine have been for 2 days 

[10:16] {Threei}  .87

[10:16] {magoo} 99

[10:16] {magoo} server?

[10:16] {Threei}  4

[10:16] {magoo} me too how can that be?

[10:16] {magoo} INETb

[10:17] {magoo} did u do last download?

[10:17] {Threei}  no

[10:17] {lisa_jay} Our platform had issue with a stuck quote yesterday.  Had to be flused out.  Ok now Mags.

[10:17] {magoo} i didnt

[10:17] {magoo} whats flused out?

[10:17] {lisa_jay} Some stuck quote in Chago, they did it at their end.  

[10:17] {Threei}  slw

[10:18] {lisa_jay} Chicago.

[10:18] {magoo} even UAUA vad,has bid stuck .51

[10:18] {lisa_jay} I did not have to do anything.

[10:18] {Threei}  not here magoo

[10:18] {Threei}  .48 x .49

[10:18] {magoo} wghat should i do?

[10:18] {Threei}  try to switch servers back and forth

[10:18] {magoo} cant hide inetb because offers are there

[10:18] {magoo} did u do lastr download?

[10:19] {Threei}  [10:17] {magoo} did u do last download?

[10:19] {Threei}  [10:17] {Threei} no

[10:19] {dino} ebs stopped -.13

[10:19] {magoo} all servers same

[10:20] {magoo} hard to trade this way

[10:20] {ese} come on UAUA...don't wanna have to take the 5th on ya.....

[10:23] {Threei}  10:22:42 ADMIN7 --} (All): INETsticky quotes caused by data provider issues. They are working to resolve it as soon as possible. We are pushing them very hard.

[10:23] {patience} toronto still hasn't opened, data problemds

[10:23] {magoo} misery luvs company he he

[10:24] {ese} this country has had data problems since it's inception

[10:25] {magoo} hey larisa..are u my old girlfriend from new jersey? 

[10:25] {Larisa1} are you rich and handsome ?

[10:25] {dino} sm s ksu .60

[10:25] {Threei}  lol

[10:26] {ese} uaua stopped........bloddy(as the english would say) heck!

[10:26] {patience} i like this girl

[10:26] {magoo} no..fat drunk and stupid is how i chose to go thru life

[10:26] {Larisa1} then yes 

[10:26] {magoo} ROFLOL

[10:26] {Chaeron} Good morning all... 

[10:27] {Chaeron} Hi Larisa

[10:27] {Chaeron}  :)

[10:27] {ese} hmmmmmmm....do not mess with larisa.......

[10:27] {dino} lol

[10:27] {Threei}  chaeron :)

[10:27] {Onix} hi chaeron

[10:27] {Chaeron} I've been telling you that for a long time ese

[10:27] {ese} CCCCCCHHHHHHHH baby!!!!!!!

[10:27] {magoo} chaerBROIL

[10:27] {Larisa1} morning Chaeron :)

[10:27] {magoo} no one else receives a greeting like chaer..u special :)

[10:27] {Chaeron} hehehHeya magoo, threei, Onyx :)

[10:28] {ese} and....and.....

[10:28] {Chaeron} :P

[10:28] {ese} and....and.....

[10:28] {magoo} vad..got a read DRYS?

[10:29] {Threei}  not here

[10:29] {magoo} ok

[10:30] {ese} L 1/2 lot UAUA .40

[10:35] {magoo} DRYS is going to 13 vad..not a trade call 

[10:35] {Threei}  DOE CRUDE: +525KV UNCHANGED EST.; GASOLINE: 1.29M V +1.3ME

[10:38] {ese} L another 1/2 lot UAUA.50

[10:39] {Geo} adbe real week

[10:39] {Geo} weak lol

[10:39] {ese} sucker for punishment maybe?

[10:42] {Threei}  beautiful UAUA ese

[10:42] {ese} will it break 11.00 vad do you think

[10:42] {ese} ua that is?

[10:42] {Geo} i chickened and dumped at .64

[10:42] {ese} geo baby.....you left me hangin???? how could ya

[10:42] {Threei}  hard to tell with this erratic market action

[10:43] {Geo} in profit protection mode

[10:43] {Geo} did too well early morning

[10:43] {Geo} lol

[10:43] {Geo} oh yeah

[10:43] {Geo} thanks lord vader

[10:43] {magoo} i cant take ittttttt in DRYS

[10:47] {dino} sm wide l axys .40

[10:48] {magoo} out DRYS here .22

[10:49] {magoo} +.22

[10:49] {magoo} i am what i am...a scalpin' fool

[10:49] {dino} ok popeye

[10:49] {Geo} a RICH scalping fool

[10:50] {Threei}  what the deuce

[10:50] {Threei}  UAUA

[10:50] {Geo} yeah...

[10:50] {Threei}  that was disgusting

[10:50] {Geo} you out ese?

[10:51] {dino} stewie

[10:51] {ese} no still hangin in there......think there may be bigetr things

[10:52] {Threei}  DRYS just keeps consolidating and making new highs

[10:52] {ese} considered adding another 1/2 lot at .50 again

[10:52] {Geo} hans i likeeeee

[10:52] {magoo} DRYS is THE salmopn vad

[10:52] {ese} the market technical setup looks OK....bull flag

[10:54] {ese} on the NAZ anyway

[10:57] {dino} hl l rimm .00

[10:58] {Geo} .

[10:58] {ese} uaua vad opinion?

[10:59] {lisa_jay} Geo Dcc please q about how to place stops in TOS.

[11:00] {Geo} i dont know lisa

[11:00] {Geo} have them but never traded equities on it

[11:00] {lisa_jay} Actually, let me just try to figure out how to DCC first, sigh.

06[11:01] * lisa_jay slaps Geo around a bit with a large trout

[11:01] {lisa_jay} sorry.  

[11:02] {Chaeron} Hi Lisa - just right click on the name of the person that you want to DCC with 

[11:02] {Chaeron} roflol

[11:02] {lisa_jay} not working...tried both the DCC options.

[11:02] {ese} would have been harder slp if it was Larisa.....

[11:02] {Chaeron} oh you wouldn't be typing yet if Larisa hit you

[11:03] {ese} that would be hard

[11:03] {Chaeron} tried double clicking on the nick too?

[11:03] {lisa_jay} Thank you so much Chaeron.

[11:04] {Chaeron} mp

[11:04] {Threei}  ese... really can't tell in this jerky market

[11:04] {Chaeron} what did you call me Vad?

[11:04] {Threei}  I have too wide choice chaeron...

[11:05] {Threei}  not sure which partuclar time you mean

[11:05] {Chaeron} lol

[11:06] {ese} tks vad

[11:06] {Threei}  shesh SLW

[11:06] {Threei}  just won't stop

[11:07] {ese} auch...new aye.......will  yee new goooo  dune agin.

[11:08] {patience} that would be the christmas bottle of scotch ese just opened

[11:08] {lisa_jay} lol

[11:08] {Geo} oh i thought that was gaelic

[11:08] {ese} speaking of that ....you two need to pop over....

[11:08] {Threei}  swuahili?

[11:09] {patience} sounds good ese, but you are what about an 8 minute walk from my house....have they cleared the streets yet?

[11:10] {ese} always keep this in mind for the Christmas season....."ALCHOHOL WORKS"!!!!!!!

[11:10] {Threei}  FYI victorians

[11:10] {Threei}  huge dark cloud moves from East

[11:11] {dino} indeed es, indeed

[11:11] {Threei}  I am not sure why you narrow it down to Christmas season, ese

[11:11] {patience} ok, vad has popped open the vodka

[11:11] {Threei}  as if I ever closed it

[11:11] {ese} and that dark cloud would be a ???????

[11:12] {KSystems} A Nissan, ese

[11:12] {Threei}  every time I try, dp is right there grabbing my hand and saying resounding NO

[11:12] {ese} ha ha ha ha ha ha....good one!

[11:12] {dptl} lol

[11:12] {Threei}  I am afraid that's that snow they promised us for today

[11:12] {Threei}  courtesy of Al Gore

[11:12] {Larisa1} next time be nicer to Al Gore

[11:13] {Larisa1} lol

[11:13] {Threei}  lol

[11:14] {Chaeron} heheh.. {{rolling eyes

[11:14] {ese} right then lads........lets make that run at 11 now shall we 

[11:14] {Geo} hey dont make fun of him

[11:14] {Geo} he invented the internet for you people to trade

[11:17] {cosmo} ice sheets i say!

[11:17] {Threei} Long Setup:  MS  .50 break if holding above .35

[11:17] {ese} auch du miya......the wait here is driving me nuts

[11:20] {cosmo} btw - CDNS would be a green salmon...

[11:22] {Threei}  nig drop DRYS

[11:22] {Threei}  big

[11:27] {ese} those of you that live on the island........what does a wind storm and a divorce in East Sooke have in common?  either way....you loose the trailer!

[11:27] {dino} rimm s .60

[11:27] {lisa_jay} lol

[11:28] {patience} cute ese

[11:28] {Threei}  OPEC'S KHELIL: NON-OPEC NATIONS HAVE NOT AGREED TO CUT ANY OIL PRODUCTION

[11:28] {wishbone} hey i live in e sooke

[11:28] {patience} and a  beautiful place it is

[11:28] {wishbone} just kidding ese :)

[11:28] {ese} good one.....

[11:28] {Threei}  that dark cloud is not moving... is it snowing at your neck of the woods, dp?

[11:29] {ese} raining...

[11:29] {patience} raining

[11:29] {dptl} yeah...big time

[11:29] {ese} suppose to turn to snow

[11:29] {Threei}  thought so, it looks like it's over Vancouver

[11:29] {Chaeron} pru

[11:30] {cosmo} just like in so.cal. ....today

[11:30] {ese} thats dp smoking outside....

[11:30] {Geo} low 50s here with rain :(

[11:30] {dino} cov rimm .48.,+.12

[11:30] {ese} where are you Geo?

[11:32] {dino} mwiv blood

[11:33] {magoo} dino..u buy beer for the office xmas party??

[11:33] {Geo} socal

[11:33] {Geo} ese

[11:34] {ese} huh?

[11:34] {Geo} ab out 50 miles north of chaeron

[11:34] {Geo} los angeles

[11:34] {ese} wheres that?

[11:34] {ese} ahhhhh

[11:34] {dino} y

[11:34] {Geo} socal = southern cali

[11:34] {ese} same neck of the woods...west coasr

[11:34] {dino} soco, southern comfort

[11:34] {Geo} vancouver?

[11:35] {ese} victoria....on vancouver island

[11:35] {Geo} heh just bought the Big bottle...

[11:35] {Chaeron} I want to go to Whistler

[11:35] {Geo} ahh vacationed there a few yrs ago

[11:35] {ese} no you don't

[11:35] {ese} ski lift just colpased yesterday

[11:36] {Chaeron} oh geesh

[11:36] {ese} colapsed

[11:36] {ese} nobody killed though

[11:37] {dino} mwiv sm l .30

[11:37] {dino} .00 i mean

[11:37] {lisa_jay} Obama speaking

[11:38] {KSystems} uaua

[11:38] {cosmo} the president is near...

[11:38] {ese} ua baby!!!!! go for it

[11:38] {dino} ksu cov .50, +.10 

[11:40] {dino} sm l cpla .28

[11:52] {magoo} .

[11:53] {dino} afam sm l .60, stop lod

[12:01] {ese} out uaua .75 

[12:02] {ese} + .31 on a full lot

[12:02] {Threei}  beauty

[12:02] {patience} nice ese

[12:02] {dino} gj

[12:03] {ese} tks...can now go into school with appropriate ego.....swear and curse at the principal,...threaten to quit...have found a better job....alll the usual stuff

[12:03] {ese} see ya tomorrow....

[12:03] {Threei}  beat him up with a trout?

[12:03] {Threei}  take care ese :)

[12:04] {ese} indeed

[12:04] {Geo} heheh ese

[12:04] {Geo} my thought exactly

[12:04] {Geo} i work for a univ

[12:04] {Geo} everytime i cross my daily i have this extra swagger at work

[12:04] {Geo} lol

[12:05] {Geo} its vads fault

[12:05] {dino} lol

[12:05] {Threei}  sorry Geo

[12:06] {Threei}  I'll accept the blame with proper humility

[12:10] {dino} out cpla ave .40, +1.12

[12:10] {magoo} WHATTTTTTTT

[12:11] {dino} 11:40] {dino} sm l cpla .28

[12:12] {lisa_jay} nice

[12:12] {dino} ty

[12:13] {Threei}  what the deuce?

[12:13] {magoo} cant believe i missed that Q bounce ARRRRRRRRRR

[12:13] {Threei}  and why stocks don't follow the index?

[12:13] {Geo} hmmm say strong after ditching the purchase

[12:18] {magoo} my quotes are STILL stuck btw

[12:19] {patience} toronto is still closed btw

[12:19] {Threei}  sheesh

[12:20] {magoo} only thru my superior genetic breeding am i able to still trade profitably under these inferior quote circumstances

[12:21] {Threei}  lol

[12:21] {Threei}  guys, I am sorry but I'll have to leave for couple hours

[12:21] {magoo} slacker

[12:22] {Onix} we will miss you

[12:22] {Threei}  it really looks like city may become impassable for couple days, and there is no food in the house

[12:22] {Threei}  will be back asap

[12:22] {magoo} u have fat resrves lol

[12:22] {Onix} drive safely

[12:22] {patience} there goes magoo's bonus

06[12:22] * Threei slaps magoo around a bit with a large book of healthy and tasty foods

[12:22] {KSystems} there goes magoo's membership!

[12:23] {magoo} sigh..AGAIN..K

[12:23] {KSystems} oh you have experience in this?

[12:23] {magoo} been on double secret probation before..yes

[12:36] {patience} ok, if the tsx doesn't want to take my money, the mall will....see you guys later

[12:38] {Onix} drive careful patience, see ya

[12:40] {lisa_jay} Magoo, have your quotes been corrected?

[12:40] {dino}   cya patience

[12:41] {dino} magoo stepped out

[12:42] {lisa_jay} thanks Dino

[12:42] {dino} np

[12:46] {dino} ksu s .79

[12:48] {magoo} back and no to quotes

06[12:48] * magoo slaps laserdave1 around a bit with a large large dose of whatsup?

[12:57] {dino} ksu bstop is .98

06[13:09] * laserdave1 slaps magoo around a bit with a large trout

[13:10] {magoo} dcc dave

[13:10] {dino} ksu stopped

[13:13] {dino} tbt l .95

[13:33] {dino} out tbt .07, +.12

[13:39] {magoo} mkts green

[13:39] {magoo} i hear hoofs steps on the roof top

[13:43] {dino} mwiv out .88, +.88

[13:44] {Onix} brilliant!

[13:44] {dino} took like years

[13:45] {Onix} guts & patience hey?

[13:46] {dino} luck more like it

[13:46] {Onix} ya right, like Gary Player once said "The more I practice, the luckier I get"

[13:47] {dino} lol

[13:51] {Larisa1} vad's MS 16.50 breakout play worked one hour later. he was just too early. nice 

[13:58] {Onix} you played it?

[13:58] {Larisa1} no, i am just watching him closely.. still great trader :)

[14:00] {dino} out afam .95, +.35

[14:00] {Onix} gj again!

[14:01] {dino} ty

[14:01] {dino} i just suck in the a.m.

[14:14] {Geo} i suck without vad in the rooms

[14:15] {dino} mwiv sm l .49

[14:35] {Onix} now just look what "they" do to the market when Vad is not there to watch them

[14:51] {magoo} magoo kickin thge Q

[14:52] {Larisa1} your name means "i can" in russian so kick away :)

[14:54] {Threei}  hey... I see market didn't do much eh?

[14:54] {lisa_jay} Welcome back.

[14:54] {Threei}  ty

[14:54] {Threei}  to mark my entrance:

06[14:54] * Threei slaps magoo around a bit with a large ball of snow

[14:55] {Onix} welcome back, i see you navigated the snowy roads successfully

[14:55] {Threei}  just a sleet

[14:55] {Threei}  for now

[14:56] {Threei}  but from what I saw on the east, we won't hear much from Gulf islands till April

[14:56] {Threei}  OK

[14:56] {Threei}  DRYS

[14:56] {Threei}  11.80 established as a nice support to break

[14:57] {Threei}  if market continues down, watching it for a nice close resistance

[14:57] {Threei}  so far it's 12 but I'd like to see something a little tighter

[14:57] {Threei}  not sure about 12 break as a long in case of market upward surge

[14:57] {magoo} bnutr sir.mkts going up

[14:58] {magoo}  bnutr

[14:58] {magoo} siggh

[14:58] {magoo} sigh

[14:58] {magoo} that was but

[14:58] {lisa_jay} lol

[14:58] {Threei}  who is bnutr?

[14:58] {Threei}  your pet name for Rabindranat Tagor?

[15:00] {magoo} hang on..ew going ballistic mav

[15:01] {Threei}  awww

[15:01] {Threei}  MS got away

[15:01] {magoo} this is mav...im supersonic..will be profitable in 30 seconds

[15:02] {magoo} man i luv bangin the q's

[15:02] {magoo} why didn't i trade them 3 mnonths ago i ask

[15:03] {Threei}  {Q's} yeah but do you really have to tell everybody... :(

[15:03] {magoo} mac machine

[15:03] {magoo} i told dino and he snipped at me

[15:04] {magoo} said doesn't like being told anything 

[15:04] {lisa_jay} where are u long from Magoo on the Q's?

[15:04] {magoo} then he threw a blow pop at me

[15:04] {magoo} so allz good..cause they are magoo favorite

[15:05] {magoo} long gone now .20 to .40

[15:05] {lisa_jay} Ok thanks.

[15:05] {dino} (dino) too much stuff going on to listen to magoo

[15:10] {Larisa1} LLTC is narrow today. not enough steam to stay over 24 resist

[15:10] {dino} can't say the same about magoo larisa

[15:11] {Larisa1} lol

[15:11] {magoo} that does it

06[15:11] * magoo slaps Larisa1 around a bit with a large old gift she gave him while dating

[15:12] {Larisa1} will not work, i will not return the diamonds

[15:12] {magoo} i like that name "larisa" :)

[15:14] {Larisa1} ty

[15:15] {Threei}  more and more thinking short on DRYS

[15:16] {magoo} l aapl as close to 89 u can get

[15:16] {magoo} small stop .74

[15:17] {magoo} its goin for 90 with mkt help 

[15:17] {magoo} RISKY

[15:19] {Threei}  OK

[15:19] {Threei}  resistance for a stop is 12.05

[15:19] {Threei}  just try to catch it as close to it as possible for a nice tight stop

[15:19] {lisa_jay} R u in teh Drys trade Vad?

[15:19] {Threei}  in .99

[15:20] {Threei}  can I afford 6 cents stop?

[15:20] {Threei}  YES I CAN!

[15:20] {magoo} first aapl exit would be 60 area

[15:20] {lisa_jay} Agh!  Not shortable.

[15:20] {dino} tbt l .10

[15:20] {Threei}  need market to go down now

[15:20] {magoo} iun .29

[15:21] {lisa_jay} Kicking one end of market up for Magoo and one end down for Vad.

[15:21] {Threei}  lol

[15:21] {magoo} lol'

[15:21] {Threei}  redefining multitasking

[15:22] {magoo} nice kick

[15:22] {Threei}  kick the other side now

[15:23] {lisa_jay} Wait will get kid to help.

[15:23] {Threei}  thank you, just right side

[15:23] {Threei}  die DRYS

06[15:27] * Threei hits DRYS over the head with 2x4 with rusty nails

[15:27] {magoo} aapl stop

[15:27] {Threei}  half out DRYS

[15:27] {Threei}  .90

[15:27] {lisa_jay} sorry magoo.  

[15:27] {Threei}  scalpoers have over 1:1

[15:28] {Threei}  out in full

[15:28] {Threei}  .85

[15:28] {Threei}  anyone??

[15:28] {jmb} Thanks Vad

[15:28] {lisa_jay} Not avail able for me.

[15:29] {wishbone} out .86 ty vad

[15:29] {Threei}  welcome guys

[15:29] {patience} just watching, no fun without the tsx up yet

[15:29] {Onix} me still in with 100sh

[15:29] {Threei}  with that stellar morning, I am in firm scalping mode onix

[15:29] {Threei}  taking easy money and never looking back

[15:31] {Onix} all out, ty i got 16c

[15:31] {Threei}  :)

[15:33] {Larisa1} what made you think DRYS short share pls.  

[15:33] {Threei}  couldn't over come resistance during market upward spikes, it used to be much more willing over last week or so

[15:34] {Threei}  started downticking much easier when market stalled or pulled back

[15:35] {Larisa1} tks

[15:41] {Threei}  weird spikes

[15:42] {magoo} dino called it

[15:43] {dino} out mwiv .89, +.40

[15:43] {Threei}  quick scalp idea with tight stop:

[15:43] {Onix} gj!

[15:43] {magoo} dinos really good in the afternoon

[15:43] {Threei}  MS, .16 long if stays above .10

[15:43] {dino} thx

[15:45] {Geo} still valid?

[15:45] {Threei}  DRYS newfound enthusiasm

[15:45] {Threei}  barely

[15:46] {Threei}  nah

[15:46] {Geo} yup

[15:50] {Onix} that DRYS is unbelieveable!

[15:50] {Threei}  DRYS is posessed

[15:51] {Threei}  see that foam at the mouth?

[15:51] {Onix} lol

[15:51] {magoo} 13 vad

[15:51] {Threei}  not today

[15:52] {dino} out tbt .24, +.14

[15:52] {Onix} nice

[15:53] {dino} ty

[15:58] {Onix} the bulls & bears can put up a good fight hey?

[15:58] {lisa_jay} Vad, quick DCC please.

[15:58] {Onix} maybe a better trading day tomorrow, bye for now

[15:58] {wishbone} good nite all

[15:58] {wishbone} cyaonix

[15:58] {Threei}  better??

[15:59] {Threei}  what was wrong with this one?

[15:59] {Onix} not bad, but i know i can do better

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {Larisa1} bye :)

[16:00] {dptl} have a good evening all

[16:00] {magoo} ty vad..all

[16:01] {dawg} thanks all

[16:01] {dino} thx all, good time

Dec 16 2008

Fair day, but plagued by multiple disconnections. The log is littered by replays that occur on reconnection, and I really am not not up to editing it all... posting as is, sorry. Just scroll past long string with the same time stamp after the line saying Disconnected.

Session Time: Tue Dec 16 00:00:00 2008

[07:43] {Threei}  (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA

[07:47] {Threei}  FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING

[07:47] {Threei}  - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).

[08:03] {magoo} morning

[08:03] {Threei}  morning mags

[08:03] {magoo} hi vad

[08:04] {magoo} u watching GS?

[08:05] {Threei}  no... should I?

[08:05] {magoo} reports this morn...

[08:05] {magoo} have they yet?

[08:07] {Threei}  no

[08:07] {Threei}  will try to post as soon as they do

[08:07] {Threei}  (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE "WAS APPROPRIATE" - CNBC INTERVIEW

[08:07] {magoo} ty

[08:13] {Threei}  BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE

[08:13] {Threei}  - Capseize rates exceed $10k for the first time since Oct 17th

[08:16] {Threei}  GS

[08:16] {Threei}  REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%

[08:17] {Threei}  SLW bidder nears yesterday's 5.15 high

[08:31] {Threei}  *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS

[08:31] {Threei}  - Prior Housing Starts revised from 791K to 771K

[08:31] {Threei}  NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E

[08:31] {Threei}  - CPI y/y: 1.1% v 1.5%e

[08:31] {Threei}  - Core CPI Y/Y: 2.0% v 2.1%e

[08:33] {magoo} GS rocking vad

[08:33] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?

[08:34] {Threei}  to tell them "there there, it's gonna be OK"....

[08:37] {magoo} is fed rate decision today or wed?

[08:37] {Geo} gm all

[08:37] {Threei}  today

[08:37] {Threei}  Geo :)

[08:47] {lisa_jay} Hi Vad.

[08:47] {lisa_jay} Goodmorning everyone.

[08:47] {Threei}  Lisa :)

[08:53] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.

[08:53] {lisa_jay} Is it 20 EMA or 20SMA.  Thanks.

[08:54] {Threei}  sma

[09:00] {KSystems} Good morning!!

[09:03] {Threei}  KS :)

[09:06] {ese} good morning.......

[09:07] {Threei}  ese :)

[09:07] {dino} gm all

[09:08] {Threei}  dino :)

[09:11] {_elepet} good morning to you

[09:11] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:12] {ese} sorry up.25......

[09:12] {Onix} Good morning all

[09:13] {ese} onix...

[09:14] {wishbone} gm all

[09:14] {Larisa1} good morning

[09:14] {ese} wish....larisa

[09:15] {Threei}  onix, wish, larisa :)

[09:15] {wishbone} hi ese

[09:15] {Onix} hi larisa & wishbone

[09:15] {Threei}  ese... 11.50 is critical juncture for it

[09:16] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:16] {ese} yes......

[09:16] {ese} tks

[09:16] {Threei}  some minor resistance on the way,

[09:16] {Threei}  but if market helps, they won't matter much

[09:16] {ese} tks vad

[09:17] {_elepet} hello larissa

[09:17] {Threei}  elepet :)

[09:18] {peterg} morning all

[09:18] {Threei}  peter :)

[09:18] {Onix} hi peter

[09:18] {peterg} yo onix

[09:19] {Larisa1} elepet, onix :)

[09:22] {Threei}  be back in 5

[09:26] {Threei}  keep an eye on SLW

[09:26] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:27] {Threei}  and of course usual suspect... DRYS

[09:28] {Threei}  premarket chart has 10.90 as break level, but I'd prfer drop and entry for bounce

02[09:28] * Disconnected

02[09:29] * Attempting to rejoin channel #discussions

03[09:29] * Rejoined channel #discussions

[09:29] {Threei}  (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA

[09:29] {Threei}  FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING

[09:29] {Threei}  - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).

[09:29] {magoo} morning

[09:29] {Threei}  morning mags

[09:29] {magoo} hi vad

[09:29] {magoo} u watching GS?

[09:29] {Threei}  no... should I?

[09:29] {magoo} reports this morn...

[09:29] {magoo} have they yet?

[09:29] {Threei}  no

[09:29] {Threei}  will try to post as soon as they do

[09:29] {Threei}  (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE ""WAS APPROPRIATE"" - CNBC INTERVIEW

[09:29] {magoo} ty

[09:29] {Threei}  BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE

[09:29] {Threei}  - Capseize rates exceed $10k for the first time since Oct 17th

[09:29] {Threei}  GS

[09:29] {Threei}  REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%

[09:29] {Threei}  SLW bidder nears yesterday's 5.15 high

[09:29] {Threei}  *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS

[09:29] {Threei}  - Prior Housing Starts revised from 791K to 771K

[09:29] {Threei}  NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E

[09:29] {Threei}  - CPI y/y: 1.1% v 1.5%e

[09:29] {Threei}  - Core CPI Y/Y: 2.0% v 2.1%e

[09:29] {magoo} GS rocking vad

[09:29] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?

[09:29] {Threei}  to tell them ""there there, it's gonna be OK""....

[09:29] {magoo} is fed rate decision today or wed?

[09:29] {Geo} gm all

[09:29] {Threei}  today

[09:29] {Threei}  Geo :)

[09:29] {lisa_jay} Hi Vad.

[09:29] {lisa_jay} Goodmorning everyone.

[09:29] {Threei}  Lisa :)

[09:29] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.

[09:29] {lisa_jay} Is it 20 EMA or 20SMA.  Thanks.

[09:29] {Threei}  sma

[09:29] {KSystems} Good morning!!

[09:29] {Threei}  KS :)

[09:29] {ese} good morning.......

[09:29] {Threei}  ese :)

[09:29] {dino} gm all

[09:29] {Threei}  dino :)

[09:29] {_elepet} good morning to you

[09:29] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:29] {ese} sorry up.25......

[09:29] {Onix} Good morning all

[09:29] {ese} onix...

[09:29] {wishbone} gm all

[09:29] {Larisa1} good morning

[09:29] {ese} wish....larisa

[09:29] {Threei}  onix, wish, larisa :)

[09:29] {wishbone} hi ese

[09:29] {Onix} hi larisa & wishbone

[09:29] {Threei}  ese... 11.50 is critical juncture for it

[09:29] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:29] {ese} yes......

[09:29] {ese} tks

[09:29] {Threei}  some minor resistance on the way,

[09:29] {Threei}  but if market helps, they won't matter much

[09:29] {ese} tks vad

[09:29] {_elepet} hello larissa

[09:29] {Threei}  elepet :)

[09:29] {peterg} morning all

[09:29] {Threei}  peter :)

[09:29] {Onix} hi peter

[09:29] {peterg} yo onix

[09:29] {Larisa1} elepet, onix :)

[09:29] {Threei}  be back in 5

[09:29] {Threei}  keep an eye on SLW

[09:29] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:29] {Threei}  and of course usual suspect... DRYS

[09:32] {magoo} ar..missed drys

[09:32] {Threei}  sharp jump out of the gate, DRYS

[09:32] {Threei}  need pullback

[09:33] {magoo} BBY nuts

[09:35] {Threei}  DRYS bounce candidate closer to 11

[09:36] {KSystems} Hello kobran

[09:36] {dino} welcome kobran

[09:37] {_kobran} GM

[09:37] {Threei}  morning kobran

[09:38] {Threei} Long Setup:  DRYS  .30 break half lot, stop under .10

[09:38] {Threei}  risky one, market is jerky

[09:39] {ese} long DRYS 1/2

[09:39] {ese} .34

[09:40] {magoo} in 

[09:40] {Threei}  look to partial out or take scalp closer to .50

[09:40] {Threei}  right here

[09:40] {Threei}  half out for me

[09:40] {ese} that daily chart show clear sailing almost to 20

[09:40] {Geo} ty

[09:40] {magoo} out .51 TY

[09:40] {magoo} got in .25

[09:41] {KSystems} half out .53

[09:41] {Threei}  stop for the balance is .25

[09:42] {Threei}  ugh... missed SLW

[09:43] {Threei}  pulled back perfectly close to 5

[09:43] {Threei}  DRYS needs to break .40 now

[09:43] {Threei}  or not likely to work for the balance

[09:43] {dino} t l .48

[09:44] {Threei}  out second half

[09:44] {Threei}  scalps rule still

[09:46] {magoo} oh great..cramer says today starts xmas rally

[09:46] {Geo} bby paid well

[09:46] {Geo} thanks magoo

[09:47] {ese} stopped drys....10 - .24

[09:47] {magoo} ?

[09:47] {Threei}  you took break on it geo?

[09:47] {Geo} yeah with ES

[09:47] {Geo} to help it along

[09:47] {Threei}  ese?

[09:47] {Threei}  DRYS gave 1:1 for first exit, and stop was trailed to under b/e

[09:48] {Geo} [06:33] {magoo} BBY nuts

[09:48] {ese} missed first exit vad when it spied to .50

[09:48] {Threei}  why let it go back to original stop?

[09:49] {ese} thought that naz was heading up

[09:49] {ese} thought that i would hang with it

[09:49] {Threei}  market has no idea where to go...

[09:49] {Threei}  maybe it wanted up but then Cramer came with his rally preditction {G}

[09:49] {ese} indeed........

[09:49] {dino} t stopped

[09:49] {dino} -.22

[09:49] {Threei}  and we all know ehat he does to market

[09:49] {ese} DRYS very volitile.......1/2 was ok 

[09:50] {Threei}  yeah but...

[09:50] {Threei}  there is a logic of the trade

[09:50] {Threei}  even if you missed the exit, strrop is to be trailed after 1:1 is reached

[09:51] {ese} should have followed that......

[09:51] {Threei}  sin no more, OK?

[09:52] {ese} went with original stop just to give it some room but.......ces't la vie

[09:52] {ese} OK

[09:52] {Threei}  FOMC day... jerkiness city

[09:53] {ese} $150.00 lesson....sometimes worth the price

[09:53] {dino} harvard education in the making

[09:54] {ese} ya...for someone esle

[09:54] {Threei}  lol

[09:54] {dino} :)

[09:55] {Threei}  tempting trade:

[09:55] {Threei}  LLTC

[09:55] {Threei}  .26 half lot long

[09:56] {Threei}  really needs market decisive upward move

02[09:56] * Disconnected

02[09:59] * Attempting to rejoin channel #discussions

03[09:59] * Rejoined channel #discussions

05[09:59] -Threei- [Welcome-#floor] Welcome to the RealityTrader Floor. This room is read only. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[09:59] {Threei}  dino :)

[09:59] {_elepet} good morning to you

[09:59] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:59] {ese} sorry up.25......

[09:59] {Onix} Good morning all

[09:59] {ese} onix...

[09:59] {wishbone} gm all

[09:59] {Larisa1} good morning

[09:59] {ese} wish....larisa

[09:59] {Threei}  onix, wish, larisa :)

[09:59] {wishbone} hi ese

[09:59] {Onix} hi larisa & wishbone

[09:59] {Threei}  ese... 11.50 is critical juncture for it

[09:59] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:59] {ese} yes......

[09:59] {ese} tks

[09:59] {Threei}  some minor resistance on the way,

[09:59] {Threei}  but if market helps, they won't matter much

[09:59] {ese} tks vad

[09:59] {_elepet} hello larissa

[09:59] {Threei}  elepet :)

[09:59] {peterg} morning all

[09:59] {Threei}  peter :)

[09:59] {Onix} hi peter

[09:59] {peterg} yo onix

[09:59] {Larisa1} elepet, onix :)

[09:59] {Threei}  be back in 5

[09:59] {Threei}  keep an eye on SLW

[09:59] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:59] {Threei}  and of course usual suspect... DRYS

[09:59] {magoo} ar..missed drys

[09:59] {Threei}  sharp jump out of the gate, DRYS

[09:59] {Threei}  need pullback

[09:59] {magoo} BBY nuts

[09:59] {Threei}  DRYS bounce candidate closer to 11

[09:59] {KSystems} Hello kobran

[09:59] {dino} welcome kobran

[09:59] {_kobran} GM

[09:59] {Threei}  morning kobran

[09:59] {Threei} Long Setup:  DRYS  .30 break half lot, stop under .10

[09:59] {Threei}  risky one, market is jerky

[09:59] {ese} long DRYS 1/2

[09:59] {ese} .34

[09:59] {magoo} in 

[09:59] {Threei}  look to partial out or take scalp closer to .50

[09:59] {Threei}  right here

[09:59] {Threei}  half out for me

[09:59] {ese} that daily chart show clear sailing almost to 20

[09:59] {Geo} ty

[09:59] {magoo} out .51 TY

[09:59] {magoo} got in .25

[09:59] {KSystems} half out .53

[09:59] {Threei}  stop for the balance is .25

[09:59] {Threei}  ugh... missed SLW

[09:59] {Threei}  pulled back perfectly close to 5

[09:59] {Threei}  DRYS needs to break .40 now

[09:59] {Threei}  or not likely to work for the balance

[09:59] {dino} t l .48

[09:59] {Threei}  out second half

[09:59] {Threei}  scalps rule still

[09:59] {magoo} oh great..cramer says today starts xmas rally

[09:59] {Geo} bby paid well

[09:59] {Geo} thanks magoo

[09:59] {ese} stopped drys....10 - .24

[09:59] {magoo} ?

[09:59] {Threei}  you took break on it geo?

[09:59] {Geo} yeah with ES

[09:59] {Geo} to help it along

[09:59] {Threei}  ese?

[09:59] {Threei}  DRYS gave 1:1 for first exit, and stop was trailed to under b/e

[09:59] {Geo} [06:33] {magoo} BBY nuts

[09:59] {ese} missed first exit vad when it spied to .50

[09:59] {Threei}  why let it go back to original stop?

[09:59] {ese} thought that naz was heading up

[09:59] {ese} thought that i would hang with it

[09:59] {Threei}  market has no idea where to go...

[09:59] {Threei}  maybe it wanted up but then Cramer came with his rally preditction {G}

[09:59] {ese} indeed........

[09:59] {dino} t stopped

[09:59] {dino} -.22

[09:59] {Threei}  and we all know ehat he does to market

[09:59] {ese} DRYS very volitile.......1/2 was ok 

[09:59] {Threei}  yeah but...

[09:59] {Threei}  there is a logic of the trade

[09:59] {Threei}  even if you missed the exit, strrop is to be trailed after 1:1 is reached

[09:59] {ese} should have followed that......

[09:59] {Threei}  sin no more, OK?

[09:59] {ese} went with original stop just to give it some room but.......ces't la vie

[09:59] {ese} OK

[09:59] {Threei}  FOMC day... jerkiness city

[09:59] {ese} $150.00 lesson....sometimes worth the price

[09:59] {dino} harvard education in the making

[09:59] {ese} ya...for someone esle

[09:59] {Threei}  lol

[09:59] {dino} :)

[09:59] {Threei}  tempting trade:

[09:59] {Threei}  LLTC

[09:59] {Threei}  .26 half lot long

[09:59] {KSystems} stop {.10?

[09:59] {ese} MRVL  might take off after 7 break

[09:59] {Threei}  my connection seems to be flaky guys

[10:00] {ese} OK.....agressive entry MRVL    .95

[10:00] {ese} long

[10:01] {ese} stop .85   seems to be going against market

[10:01] {ese} showing some strenght

[10:02] {Threei}  OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009

[10:02] {Threei}  - Country is not member of 12 state OPEC

[10:02] {Threei}  - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1

[10:02] {KSystems} LLTC vad, stop under .10?

[10:02] {Threei}  yes sir

[10:02] {Threei}  holding well, looks salmonish

[10:03] {KSystems} thx

[10:03] {Threei}  but still, if market fails it will follow the suit

[10:03] {ese} well lookeee here.....lets just see what happens shall we

[10:03] {ese} 7.69  next resistance for MRVL

[10:04] {ese} indeed

[10:04] {Threei}  nice one ese

[10:04] {Threei}  ok market

[10:04] {Threei}  move your butt

[10:05] {ese} stop to .95

[10:05] {ese} agressive entry agressive stop

[10:07] {ese} market not helping much

[10:08] {Threei}  I'd move LLTC stop to .15 at this point

[10:08] {Geo} heh

[10:08] {Geo} i just did that

[10:08] {Threei}  just want to control risk tighter in tis jerkiness

[10:08] {Geo} you taught well

[10:09] {cosmo} market's  like .... waiting for obama?

[10:10] {Threei}  new high MRVL

[10:10] {Threei}  for FOMC rather

[10:10] {Threei}  plus endless musings from White House... to save Detroit or not

[10:11] {_elepet} missed drys earlier. in at 11.12

[10:11] {Threei}  a bit too much chasing elepet... careful

[10:13] {Threei}  LLTC no worky

[10:18] {ese} common market just one more litle more up there to help MRvl ALONG

[10:20] {dino} hmmm, feels like opening gap fill coming

[10:23] {Threei}  what the

[10:23] {Threei}  look at VIST spread

[10:23] {Threei}  is this for real? :)

[10:23] {Threei}  this is bigger crime than knighting Alan Greenspan

[10:24] {Onix} lol

[10:24] {dino} shall we short it?

[10:29] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[10:30] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[10:30] {Threei}  {F GM}

[10:30] {Threei}  really?

[10:30] {Threei}  I swear they will make me concede the title of master of stating the obvious

[10:31] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[10:31] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[10:32] {ese} done

[10:33] {ese} broke .10

[10:33] {ese} giddy up horse....

[10:37] {dino} bby sm s .01

[10:38] {lisa_jay} qqqq @ .55

[10:38] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[10:39] {Threei}  serious haircut

[10:39] {ese} ouch.....

[10:39] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[10:41] {Threei}  6 break starts looking interesting

[10:41] {Geo} 6?

[10:44] {Threei}  watching where it bottoms out prior to break

[10:45] {Geo} i am confused

[10:45] {Geo} which stock

[10:45] {Onix} SAY

[10:45] {Threei}  SAY

[10:45] {Threei}  news above

[10:45] {Threei}  wake up geo

[10:45] {Geo} ahh

[10:45] {Geo} sorry

[10:45] {dino} bby bstop is .11, thing is stuck

06[10:46] * magoo slaps Geo around a bit with a large scalping course

06[10:46] * Threei slaps Geo around a bit with a large cap of cofee

[10:50] {dino} cov bby -.02

[10:50] {Threei}  anyone took Qs for bounce?

[10:50] {KSystems} yep

[10:50] {magoo} me .51

[10:50] {KSystems} 55 - 62

[10:50] {Threei}  :)

[10:51] {magoo} see i not sleepin

[10:51] {dino} ugh vist vad, missed it at 10.60

[10:51] {Threei}  lol dino

[10:52] {magoo} no lauhging..trying to concentrate

[10:53] {lisa_jay} Yes, but only for .08.

[10:53] {Threei}  forgive me for ruining your focus

[10:53] {lisa_jay} Went in late at .57

[10:53] {lisa_jay} Q's i mean.

02[10:54] * Disconnected

02[10:57] * Attempting to rejoin channel #discussions

03[10:57] * Rejoined channel #discussions

[10:57] {Threei}  FOMC day... jerkiness city

[10:57] {ese} $150.00 lesson....sometimes worth the price

[10:57] {dino} harvard education in the making

[10:57] {ese} ya...for someone esle

[10:57] {Threei}  lol

[10:57] {dino} :)

[10:57] {Threei}  tempting trade:

[10:57] {Threei}  LLTC

[10:57] {Threei}  .26 half lot long

[10:57] {KSystems} stop {.10?

[10:57] {ese} MRVL  might take off after 7 break

[10:57] {Threei}  my connection seems to be flaky guys

[10:57] {ese} OK.....agressive entry MRVL    .95

[10:57] {ese} long

[10:57] {ese} stop .85   seems to be going against market

[10:57] {ese} showing some strenght

[10:57] {Threei}  OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009

[10:57] {Threei}  - Country is not member of 12 state OPEC

[10:57] {Threei}  - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1

[10:57] {KSystems} LLTC vad, stop under .10?

[10:57] {Threei}  yes sir

[10:57] {Threei}  holding well, looks salmonish

[10:57] {KSystems} thx

[10:57] {ese} well lookeee here.....lets just see what happens shall we

[10:57] {Threei}  but still, if market fails it will follow the suit

[10:57] {ese} 7.69  next resistance for MRVL

[10:57] {ese} indeed

[10:57] {Threei}  nice one ese

[10:57] {Threei}  ok market

[10:57] {Threei}  move your butt

[10:57] {ese} stop to .95

[10:57] {ese} agressive entry agressive stop

[10:57] {ese} market not helping much

[10:57] {Threei}  I'd move LLTC stop to .15 at this point

[10:57] {Geo} heh

[10:57] {Geo} i just did that

[10:57] {Threei}  just want to control risk tighter in tis jerkiness

[10:57] {Geo} you taught well

[10:57] {cosmo} market's  like .... waiting for obama?

[10:57] {Threei}  new high MRVL

[10:57] {Threei}  for FOMC rather

[10:57] {Threei}  plus endless musings from White House... to save Detroit or not

[10:57] {_elepet} missed drys earlier. in at 11.12

[10:57] {Threei}  a bit too much chasing elepet... careful

[10:57] {Threei}  LLTC no worky

[10:57] {ese} common market just one more litle more up there to help MRvl ALONG

[10:57] {dino} hmmm, feels like opening gap fill coming

[10:57] {Threei}  what the

[10:57] {Threei}  look at VIST spread

[10:57] {Threei}  is this for real? :)

[10:57] {Threei}  this is bigger crime than knighting Alan Greenspan

[10:57] {Onix} lol

[10:57] {dino} shall we short it?

[10:57] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[10:57] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[10:57] {Threei}  {F GM}

[10:57] {Threei}  really?

[10:57] {Threei}  I swear they will make me concede the title of master of stating the obvious

[10:57] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[10:57] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[10:57] {ese} done

[10:57] {ese} broke .10

[10:57] {ese} giddy up horse....

[10:57] {dino} bby sm s .01

[10:57] {lisa_jay} qqqq @ .55

[10:57] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[10:57] {Threei}  serious haircut

[10:57] {ese} ouch.....

[10:57] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[10:57] {Threei}  6 break starts looking interesting

[10:57] {Geo} 6?

[10:57] {Threei}  watching where it bottoms out prior to break

[10:57] {Geo} i am confused

[10:57] {Geo} which stock

[10:57] {Onix} SAY

[10:57] {Threei}  SAY

[10:57] {Threei}  news above

[10:57] {Geo} ahh

[10:57] {Geo} sorry

[10:57] {dino} bby bstop is .11, thing is stuck

[10:57] {Threei}  wake up geo

06[10:57] * magoo slaps Geo around a bit with a large scalping course

06[10:57] * Threei slaps Geo around a bit with a large cap of cofee

[10:57] {dino} cov bby -.02

[10:57] {Threei}  anyone took Qs for bounce?

[10:57] {KSystems} yep

[10:57] {magoo} me .51

[10:57] {KSystems} 55 - 62

[10:57] {Threei}  :)

[10:57] {magoo} see i not sleepin

[10:57] {dino} ugh vist vad, missed it at 10.60

[10:57] {Threei}  lol dino

[10:57] {magoo} no lauhging..trying to concentrate

[10:57] {lisa_jay} Yes, but only for .08.

[10:57] {Threei}  forgive me for ruining your focus

[10:57] {lisa_jay} Went in late at .57

[10:57] {lisa_jay} Q's i mean.

[10:57] {Geo} you got .51 magoo? my charts wrong

[10:57] {dino} last try today l t, .19

[10:57] {magoo} yep

[10:57] {KSystems} welcome back Vad

[10:57] {magoo} was  stalking it before vad merntioned

[10:57] {KSystems} I hope you brought some beer with you, at least

[10:57] {Threei}  grrrr

[10:57] {Threei}  what's with my connection today

[10:58] {Threei}  I guess Victoria cables can't handle anything below zero

[10:58] {Geo} didnt pay your room subscription eh?

[11:01] {dino} hl l ebs .70 stop .47

[11:06] {Threei}  UAUA

[11:06] {Threei}  thing seems to be waking up today after a few days of inactivity

[11:06] {Threei}  not sure about breakout but pullback into .70-.75 is certainly interesting

[11:09] {Threei}  SAY hasn't formed reliable support so far

[11:09] {magoo} out q's .70 

[11:09] {lisa_jay} Q's battling at highs.

[11:09] {magoo} will look to reload

[11:09] {lisa_jay} nice Magoo...2 lots?

[11:10] {magoo} yes

[11:10] {magoo} 2k

[11:11] {magoo} just be careful with size..can not blow a stopo or twice as bad

[11:11] {Threei}  FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES

[11:11] {Threei}  and the rest is for?...

[11:12] {dino} parties

[11:12] {Threei}  thought so

[11:12] {Threei}  bonuses... pinyatas...martinis...

[11:13] {dino} t stop to .31

[11:14] {dino} out t, +.12

[11:15] {lisa_jay} Thanks Magoo.

[11:15] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.

[11:15] {Threei}  geo, look dcc plas

[11:15] {lisa_jay} What kind of stop would be reasonable.

[11:16] {lisa_jay} Thanks.

[11:17] {Threei}  you mean short lisa?

[11:17] {lisa_jay} Yes Vad.

[11:18] {Threei}  around .75

[11:18] {Threei}  aggressive entries meant to have tight stops

[11:19] {lisa_jay} Ok, thanks Vad.  I was starting out with .10, but a lot of times the risk:reward was very bad.

[11:19] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.

[11:20] {lisa_jay} With your idea of tight stop i can let the trade work.

[11:21] {Threei}  that's the idea of aggreassive entries

[11:21] {Threei}  since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop

[11:25] {Geo} what time fomc?

[11:25] {Threei}  2;15

[11:26] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care

[11:26] {lisa_jay} Bye Ese

[11:26] {Threei}  take care ese

02[11:29] * Disconnected

02[11:29] * Attempting to rejoin channel #discussions

03[11:29] * Rejoined channel #discussions

05[11:29] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[11:30] {Threei}  jeez

[11:30] {dino} shall we short it?

[11:30] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[11:30] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[11:30] {Threei}  {F GM}

[11:30] {Threei}  really?

[11:30] {Threei}  I swear they will make me concede the title of master of stating the obvious

[11:30] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[11:30] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[11:30] {ese} done

[11:30] {ese} broke .10

[11:30] {ese} giddy up horse....

[11:30] {dino} bby sm s .01

[11:30] {lisa_jay} qqqq @ .55

[11:30] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[11:30] {Threei}  serious haircut

[11:30] {ese} ouch.....

[11:30] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[11:30] {Threei}  6 break starts looking interesting

[11:30] {Geo} 6?

[11:30] {Threei}  watching where it bottoms out prior to break

[11:30] {Geo} i am confused

[11:30] {Geo} which stock

[11:30] {Onix} SAY

[11:30] {Threei}  SAY

[11:30] {Threei}  news above

[11:30] {Geo} ahh

[11:30] {Geo} sorry

[11:30] {dino} bby bstop is .11, thing is stuck

[11:30] {Threei}  wake up geo

06[11:30] * magoo slaps Geo around a bit with a large scalping course

06[11:30] * Threei slaps Geo around a bit with a large cap of cofee

[11:30] {dino} cov bby -.02

[11:30] {Threei}  anyone took Qs for bounce?

[11:30] {KSystems} yep

[11:30] {magoo} me .51

[11:30] {KSystems} 55 - 62

[11:30] {Threei}  :)

[11:30] {magoo} see i not sleepin

[11:30] {dino} ugh vist vad, missed it at 10.60

[11:30] {Threei}  lol dino

[11:30] {magoo} no lauhging..trying to concentrate

[11:30] {lisa_jay} Yes, but only for .08.

[11:30] {Threei}  forgive me for ruining your focus

[11:30] {lisa_jay} Went in late at .57

[11:30] {lisa_jay} Q's i mean.

[11:30] {Geo} you got .51 magoo? my charts wrong

[11:30] {dino} last try today l t, .19

[11:30] {magoo} yep

[11:30] {KSystems} welcome back Vad

[11:30] {magoo} was  stalking it before vad merntioned

[11:30] {KSystems} I hope you brought some beer with you, at least

[11:30] {Threei}  grrrr

[11:30] {Threei}  what's with my connection today

[11:30] {Geo} didnt pay your room subscription eh?

[11:30] {Threei}  I guess Victoria cables can't handle anything below zero

[11:30] {dino} hl l ebs .70 stop .47

[11:30] {Threei}  UAUA

[11:30] {Threei}  thing seems to be waking up today after a few days of inactivity

[11:30] {Threei}  not sure about breakout but pullback into .70-.75 is certainly interesting

[11:30] {Threei}  SAY hasn't formed reliable support so far

[11:30] {magoo} out q's .70 

[11:30] {lisa_jay} Q's battling at highs.

[11:30] {magoo} will look to reload

[11:30] {lisa_jay} nice Magoo...2 lots?

[11:30] {magoo} yes

[11:30] {magoo} 2k

[11:30] {magoo} just be careful with size..can not blow a stopo or twice as bad

[11:30] {Threei}  FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES

[11:30] {Threei}  and the rest is for?...

[11:30] {dino} parties

[11:30] {Threei}  thought so

[11:30] {Threei}  bonuses... pinyatas...martinis...

[11:30] {dino} t stop to .31

[11:30] {dino} out t, +.12

[11:30] {lisa_jay} Thanks Magoo.

[11:30] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.

[11:30] {Threei}  geo, look dcc plas

[11:30] {lisa_jay} What kind of stop would be reasonable.

[11:30] {lisa_jay} Thanks.

[11:30] {Threei}  you mean short lisa?

[11:30] {lisa_jay} Yes Vad.

[11:30] {Threei}  around .75

[11:30] {Threei}  aggressive entries meant to have tight stops

[11:30] {lisa_jay} Ok, thanks Vad.  I was starting out with .10, but a lot of times the risk:reward was very bad.

[11:30] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.

[11:30] {lisa_jay} With your idea of tight stop i can let the trade work.

[11:30] {Threei}  that's the idea of aggreassive entries

[11:30] {Threei}  since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop

[11:30] {Geo} what time fomc?

[11:30] {Threei}  2;15

[11:30] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care

[11:30] {lisa_jay} Bye Ese

[11:30] {Threei}  take care ese

[11:30] {peterg} hmmm

[11:30] {Geo} you know vad should really keep his emotions in check

[11:30] {peterg} good point

[11:30] {Geo} ese leaves and he kicks us all out too

[11:30] {peterg} impulse control disorder

[11:30] {patience} i didn't get dumped, why not, i feel left out

[11:30] {peterg} perfect!

[11:30] {magoo} room dump there

[11:30] {Onix} what are you in patience?

[11:30] {Threei}  this time it's not only me eh

[11:30] {patience} about 20 minute drive south of vad

[11:30] {patience} makes all the difference though doesn't it vad

[11:30] {Threei}  as in?

[11:31] {patience} i can't say it, i keep laughing

[11:31] {peterg} hey patience, vad got dumped too;

[11:31] {peterg} perhaps you are the ultimate force

[11:32] {patience} oh i know they call me something

[11:35] {lisa_jay} nice breakout on q's

[11:40] {lisa_jay} .

[11:40] {Threei}  don't see any news on GNW

[11:40] {Threei}  CNBC'S KUDLOW: SOURES HAVE TOLD HIM THAT OBAMA ECONOMIC TEAM WILL CONVENE THIS AFTERNOON AND DISCUSS A MASSIVE PURCHASE PROGRAM FOR MORTGAGES

[11:42] {Threei}  GNW hard pullback

[11:42] {Threei}  bounce candidate

[11:44] {Threei}  one more leg down most likely

[11:45] {magoo} where u thinking?

[11:45] {Threei}  3.40 - 3.50

[11:48] {Geo} in .64

[11:48] {Geo} was in befor vad made second leg comment

[11:48] {Geo} out

[11:48] {Geo} 1/2 lot

[11:49] {Threei}  wtg

[11:49] {Threei}  I am not confident in my connection enough to call exact targets

[11:50] {Threei}  couple times saw my quotes frozen

[11:50] {Geo} ES upticked so thought you had entered :)

[11:55] {dino} was booted, out t .38, +.13, out tbsi, +.11

[11:57] {lisa_jay} nice

[11:57] {dino} thx

[11:57] {dino} sm l oxy .80

[12:00] {Threei}  PRESIDENT-ELECT OBAMA: THE FED IS RUNNING OUT OF ITS "TRADITIONAL AMMUNITION," INTEREST RATES ARE GETTING TO BE ABOUT AS "LOW AS THEN CAN GO," BELIEVES FED "STILL HAS TOOLS" TO DEAL WITH THE SITUATION

[12:01] {KSystems} like what?

[12:01] {dino} not confidence inspiring

[12:01] {KSystems} magic?

[12:01] {Threei}  F Bills?

[12:01] {Threei}  ok, the following officially decrowns me as master of stating the obvious:

[12:01] {Threei}  (US) TREASURY'S MCCORMICK: SEES ENORMOUS UNCERTAINTY, 2009 GLOBAL OUTLOOK IS CHALLENGING

[12:02] {dino} where do they find these clowns?

[12:03] {Geo} harvard

06[12:04] * Threei slaps laserdave1 around a bit with a large uncertainty for 2009 global outlook

06[12:04] * magoo slaps laserdave1 around a bit with a large a big question of where ya been?

[12:06] {Threei}  come on GNW

[12:06] {Threei}  10-15 cents more down

[12:07] {Threei}  keep an eye on HIG

[12:07] {Threei}  .50 closest support

[12:09] {magoo} ok..but i only have 2 eyes

[12:09] {Threei}  let's hope stem cells progress will help

[12:10] {Threei}  where is chaeron?

[12:10] {Threei}  and dptl

[12:10] {Geo} in the fomc meeting

[12:10] {Threei}  what kind of slacking is that

[12:11] {KSystems} Geo I hope they're going to call you few minutes before announcement

[12:11] {Geo} i asked and he refused

[12:12] {Geo} said i need the superlicious subsription to vad's other room

[12:12] {KSystems} darn

[12:12] {dino} sso s .49

[12:14] {Geo} stope above high dino?

[12:15] {dino} y

[12:15] {dino} .66

[12:20] {Geo} pnw

[12:25] {Threei}  F CEO: CONSUMERS APPRECIATE HOW FORD IS "DIFFERENT" THAN OTHER DOMESTIC RIVALS, BELIEVE FORD IS IN A DIFFERENT PLACE THAN GM & CHRYSLER

[12:25] {Geo} yes its family owned

[12:25] {Threei}  my appreciation is sure there, and it goes as far as driving Nissan

[12:25] {Geo} so they dont want tarp equity dilution

[12:25] {Geo} as its leading to less dividends for family

[12:26] {Threei}  come to papa GNW

[12:26] {peterg} U in?

[12:26] {peterg} or waiting

[12:26] {Threei}  no, want it lower

[12:26] {peterg} k

[12:30] {magoo} u know what cracks me up on GNW?

[12:30] {Threei}  NOV CALIFORNIA MEDIAN HOME PRICE FELL 5% M/M, FELL 34.5% Y/Y - DATAQUICK

[12:30] {magoo} we should have shorted that decline of .25 cents

[12:30] {Threei}  yes but I found out it was shortable too late

[12:31] {Threei}  kind of this built-in assumption that cheapies are not shortable

[12:34] {Threei}  ok GNW, now sharp red bar please

[12:35] {Threei}  under .30

[12:38] {Threei}  According to Jeff Cox's Dec 11th article on CNBC's website http://www.cnbc.com/id/28158499

[12:38] {Threei}  "Some in the industry expect a new influx of day traders amid the rash of layoffs on Wall Street. Experienced traders with the proper capital position-$25,000 is required by law to start a day-trading account, and many brokerages require more-will add another element to a profession that has used the unpredictability of the stock market to its advantage."

06[12:39] * Threei nails to the door a big sign saying "day traders are welcome"

[12:39] {Geo} lol

[12:39] {dino} lol

[12:40] {Threei}  PRESIDENT BUSH: TRYING TO GET THE AUTO BAILOUT DONE IN "EXPEDITIOUS WAY," LOOKING AT ALL OPTIONS FOR AUTOMAKERS

[12:40] {Threei}  {GM F}

[12:40] {patience} before or after they have gone out of business

[12:40] {Threei}  {Automakers} Keep the options. Give us money

[12:41] {Threei}  GNW almost there

[12:41] {magoo} u going doulbe?

[12:41] {Threei}  not sure yet

[12:42] {Threei}  this bard to .28 was almost what I was looking for

[12:42] {Threei}  baar

[12:42] {Threei}  bar

[12:42] {Threei}  there, just three tries

[12:42] {Threei}  really felt a few more cents were in order

[12:42] {Threei}  ugh

[12:46] {Threei}  more than anything, I want to have Al Gore here in Victoria... shove his face in the snow saying "what's that? what's that, you bad boy?"

[12:46] {Geo} lol

[12:48] {Threei}  wow

[12:48] {Threei}  SAY

[12:48] {Threei}  doeas it have any bottom at all?

[12:57] {dino} strange, the news isn't "bad"

[12:58] {dino} sm say l .40, stop .99

[12:58] {Threei}  must be some bag of snakes we know zilch about

[12:58] {dino} maybe they are 3x the stock to aquire?

[13:00] {Threei}  over half a mil canadian jobs under threat is auto industry goes

[13:00] {Geo} wow

[13:01] {Geo} you guys have that many people?

06[13:01] * Geo whistles

[13:01] {dino} lol

[13:02] {Larisa1} vad is quiet, counting may be :)

[13:02] {Geo} this was painfill in .33 out .38

[13:02] {Threei}  not really but each coming to the factory punches the clock twice

[13:03] {Geo} they must have a lot of agression

[13:03] {Threei}  and particular hatred for the clock

[13:03] {Geo} yup also glad i am out

[13:04] {Threei}  larisa... I am not even trying to count anything above 10

[13:04] {Threei}  either I can count it with my fingers or it doesn't exist

[13:05] {Larisa1} do not forget you have legs.. 10 more.. push yourself

[13:05] {Threei}  no

[13:05] {Threei}  thought of it

[13:05] {Geo} higher low vad?

[13:05] {Threei}  but the idea of taking shoes of, then on again...

[13:06] {peterg} Could throw shoes......

[13:06] {Threei}  not sure Geo

[13:06] {Threei}  feels like anther dump is coming

[13:08] {dino} tmi vad

[13:08] {wishbone} lol

[13:08] {dino} :)

[13:12] {dino} sso bstop to .46 won't move

[13:16] {dino} cov sso .41, +.08

[13:20] {dino} geo, you cover ?

[13:20] {Geo} sorry didnt trade

[13:20] {dino} ok

[13:21] {dino} brb

[13:22] {Threei}  TREASURY'S MCCORMICK: SHOULD ENCOURAGE SOVEREIGN WEALTH FUNDS TO INVEST IN THE US - Q&A

[13:24] {Threei}  he ever said how?

[13:25] {dino} yes, w/cash

[13:25] {peterg} they coming to see you, vad

[13:25] {Geo} bonds steadily creeping higher last hour

[13:25] {Geo} not good

[13:26] {dino} rate cut coming geo, bonds up

[13:26] {Threei}  they'll be sorely disappointed peter

[13:26] {Threei}  looks is last thing I am famous for

[13:26] {dino} this may be the peak as not much cutting left

[13:26] {peterg} isn't that just like life!

[13:29] {dino} t l .15

[13:30] {lisa_jay} .

[13:36] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT 2:15PMET

[13:36] {Threei}  **consensus expectation is for a further 50bps cut to 0.50%, a record low for US rates. A few forecasters are predicting a 75bps, including BoA, ING and UBS economists. A tiny minority of economists are forecasting either a 25pbs cut or a full 100bps cut. Fed funds futures are currently pricing in an over 50% chance of a 75 bps cut today.

[13:37] {Threei}  **with the rate likely to move to a record low, and effective rate already so close to zero, alot of talk has been focused on whether the FOMC will use the statement today to discuss the means of future policy actions. While some speculate that the Fed will move directly to some language about a new quantitative directive, it seems more likely that the Fed will aknowledge the immense liquidity operations it has put in place already and leave policy outlook open ended, allowing the FOMC more time to consider how to address the next evolution of policy (more on this discussion may emerge in the minutes of today's meeting upon their release three weeks from now).

[13:52] {wishbone} ...___...

[14:00] {Threei}  starting countdown?

[14:01] {Threei}  15

[14:01] {lisa_jay} Vad, does it matter which ECN we use for Q's or is one better then the other.  Thanks.

[14:02] {Threei}  not really, as long as you have Route Out checked for all of them

[14:03] {Threei}  ISLD and ARCA are preferrable to others

[14:03] {lisa_jay} Ok, thank you.

[14:07] {Threei}  DRYS

[14:07] {Threei}  sharp drop

[14:08] {dino} out t .28, +.13

[14:09] {Onix} gj

[14:10] {Threei}  5

[14:10] {dino} ty

[14:10] {Onix} you are a very patient man dino

[14:11] {dino} lol, 39 min.

[14:12] {dino} uso green

[14:14] {Threei}  1

[14:14] {dino} 2

[14:15] {lisa_jay} 3

[14:15] {Threei}  smart a**es

[14:15] {lisa_jay} :-)

[14:15] {Threei}  (not that there is anything qrong with that)

[14:16] {Onix} the suspense is intollerable!

[14:16] {dino} up,down then close up

[14:16] {Threei}  -1

[14:16] {lisa_jay} down maybe Dino.

[14:16] {lisa_jay} for the day.

[14:17] {dino} ok, a beer

[14:17] {Geo} lol

[14:17] {lisa_jay} sure

[14:17] {dino} :)

[14:17] {magoo} big up at days end

[14:17] {magoo} 300 points

[14:17] {Geo} gs leads?

[14:17] {dino} must be a big lunch

[14:17] {Threei}  it already wears pompons geo

[14:17] {lisa_jay} lol

[14:18] {magoo} on time as usual

[14:18] {Threei}  they still argue

[14:18] {magoo} ben so dumb..prolly no cut

[14:18] {Threei}  1/2 or .5?

[14:18] {Threei}  or 50 bps?

[14:19] {dino} .50 yes

[14:19] {magoo} u think conflict if ben was loaded short here

[14:20] {dino} he's tall magoo

[14:20] {Threei}  5 min late

[14:20] {lisa_jay} news out?

[14:20] {Threei}  no

[14:21] {lisa_jay} something

[14:21] {Threei}  .75

[14:22] {Threei}  *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED)

[14:22] {Threei}  - To deploy all available tools, see rates at exceptionally low rates for some time.

[14:22] {Threei}  - Vote was unanimous, 10-0.{TLT SHY GLD SPY EUR/USD}

[14:23] {Threei}  in Qs .90

[14:24] {dino} out oxy .35, +.55

[14:24] {lisa_jay} nice

[14:24] {Threei}  out 30.01

[14:24] {Threei}  mess

[14:24] {lisa_jay} yup

[14:24] {dino} ok, time to fall

[14:31] {magoo} out here 07

[14:31] {Threei}  SLW goes nuts

[14:31] {patience} not compared to my barrick kinross and goldcorp and hgu

[14:32] {Geo} still in Qs from 95

[14:32] {dino} say stop to .28 won't move

[14:32] {Geo} half out

[14:32] {Threei}  wtg

[14:33] {Geo} looked like bull flag on one miin

[14:33] {Geo} out

[14:33] {Threei}  looked like donkey tail drawing drunken sketches to me :)

[14:33] {patience} no kidding, i love that look like a jet flying straight up

[14:33] {Geo} hmm early

[14:34] {Geo} but banked

[14:34] {dino} i guess all is right again

[14:34] {dino} ugh oxy

[14:34] {Threei}  ok, full text

[14:34] {Threei}  *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED); TO DEPLOY ALL AVAILABLE TOOLS TO PROMOTE GROWTH, PRICE STABILITY; SEE RATES AT EXCEPTIONALLY LOW LEVELS FOR SOME TIME

[14:34] {Threei}  - Overall, the outlook for economic activity has weakened further, inflationary pressures have diminished appreciably.

[14:34] {Threei}  - Labor market conditions have deteriorated.

[14:34] {Threei}  - Fed stands ready to expand purchases of agency debt and MBS.

[14:34] {Threei}  - Evaluating the benefits of purchasing longer-term Treasury securities.

[14:34] {Threei}  - Vote was unanimous, 10-0.

[14:34] {Threei}  - Discount rate also cut 75bps to 0.50%.{TLT SHY GLD SPY EUR/USD}

[14:36] {dino} stopped say-.12

[14:36] {dino} sm s sso .30

[14:39] {Threei}  SLWQ pulled back into support

[14:39] {Threei}  SLW

[14:39] {dino} stopped sso .42-.12

[14:40] {dino} rinsed

[14:45] {dino} sm s oxy .04

[14:49] {magoo} Q bounce vad?

[14:49] {Threei}  this pullback should be scalpable

[14:49] {Threei}  one more leg down

[14:49] {Threei}  half lot

[14:49] {dino} cov oxy .64, +.40

[14:49] {lisa_jay} nice Dino

[14:50] {Onix} gj dino

[14:50] {dino} ty

[14:51] {Threei}  got it mags?

[14:51] {magoo} missed 

[14:51] {magoo} went for .95

[14:51] {Threei}  .94 here

[14:51] {Threei}  out 30.07

[14:52] {Geo} in .98 out .06

[14:52] {Geo} got scared

[14:52] {Threei}  rightfully so

[14:52] {magoo} nice guys

[14:52] {Threei}  moves are erratic, take sure profit

[14:53] {patience} took my profit of +.83 on slw.to and now i've lost my read on it...i hate when that happens

[14:53] {magoo} man, i was goinna take AAPL sh 96.20

[14:53] {magoo} look

06[14:54] * dino slaps magoo around a bit with a large trout

[14:54] {dino} engage maverick

[14:55] {magoo} ill take the shot when im god damn ready..u GOT THAT?!! as magoo pushes dino on tarmack

[14:58] {dino} afam sm l .70

[14:59] {dino} wide gappy

[14:59] {magoo} my inetb quotes bad..anyone else?

[14:59] {dino} geo, bottom on tbt?

[15:04] {dino} iret blood

[15:05] {Threei}  GE CEO: ECONOMIC ENVIRONMENT IS TOUGHEST IN A GENERATION - ANALYST MEETING

[15:11] {Threei}  feels like market is going for new highs

[15:12] {Geo} spy lead

[15:12] {Threei}  here we go

[15:14] {lisa_jay} Dino I owe you a beer

[15:14] {Threei}  pullback time

[15:14] {Threei}  did I hear beer?

[15:15] {lisa_jay} For bet on market.

[15:15] {dino}  :)

[15:16] {magoo} [14:17] {magoo} big up at days end

[15:16] {magoo} [14:18] {magoo} 300 points

[15:16] {Threei}  since when 300 points is big?

[15:16] {magoo} roflol..u got me

[15:16] {Threei}  :)

[15:16] {dino} good point 3i

[15:17] {magoo} DRUYS not participating vad

[15:17] {magoo} drys

[15:17] {Threei}  [14:16] {dino} up,down then close up

[15:17] {Threei}  that was very precise read

[15:17] {Threei}  .20 seems to be too much resistance for it mags

[15:17] {magoo} i yelled it to him 

[15:17] {Threei}  but if breaks should jump

[15:18] {dino} lol

[15:25] {Threei}  IMF'S LIPSKY: US ECONOMIC GROWTH MAY RETURN BY THE END OF 2009, US ECONOMY MAY YET SEE WORSE CONDITIONS AHEAD

[15:25] {Threei}  I think he would be even more eloquent if said "may or may not"

[15:25] {Geo} we in anything?

[15:26] {dino} speaks in tongues

[15:26] {magoo} vad Q call?

[15:27] {Threei}  in deep thoughts about happiness, meaning of life aand ways to compare the beauty of the flower to power of internal combustion engine Geo

[15:27] {Threei}  not here mags

[15:27] {Threei}  it was very iffy when it broke 30.20, let alone now

[15:28] {Threei}  I still feel another upward spike is coming

[15:28] {Threei}  but finding an entry in this sharp up and down is tough task

[15:29] {patience} would you hold anything overnight vad?  asia and europe haven't participated on the news yet

[15:30] {Threei}  SLW is pulls back into 5.30 - 5.40

[15:30] {Threei}  is = if

[15:31] {Threei}  rate cut is nice, but we still have that GM/F thingy

[15:32] {patience} i'm thinking i'll cash out by 4, nobody knows nuttin as to what today actually will mean th is week with options

[15:33] {Threei}  yeah, a lot of cures by Fed and Treasury turned out not much but one day wonders lately

[15:33] {Threei}  who said thnis one will be any different

[15:34] {Threei}  and notice... oil is in red

[15:35] {dino} 3:40 spike coming imo

[15:35] {patience} i took a decent amount out of slw.to this week, its daily is over 71 rsi...i'll just scalp it.  it has had 7 up days in a row

[15:36] {patience} dino, this is where you usually say, "you're overthinking it"

[15:36] {dino} not holding anything overnight here

[15:37] {Threei}  "normal" logic would be, cut kills USD, oil's up

[15:37] {dino} no, nothing making senses, good day, protection mode

[15:37] {Threei}  yet oil is red

[15:38] {dino} oxy sm s .53

[15:38] {dino} stop is .73

[15:39] {Threei}  HIG

[15:39] {Threei}  sheesh

[15:41] {patience} out HGU.to +.78

[15:42] {dino} oxy stopped

[15:42] {lisa_jay} are these daytrades Patience or overnights?

[15:42] {patience} mixture, not more than 1 overnight though lisa

[15:43] {Onix} great job patience!

[15:43] {patience} january and february bills are now all paid....feast or famine for me, ty though

[15:43] {lisa_jay} very impressive.

[15:43] {dino} i understand

[15:44] {Onix} hgu or AGU?

[15:44] {patience} hgu

[15:44] {patience} gold etf

[15:45] {patience} horizon betapro

[15:45] {Onix} ty

[15:45] {dino} adp air pocket

[15:46] {Threei}  SLW probing dau high again and again

[15:53] {dino} out afam .10, +.40

[15:53] {Threei}  wtg

[15:53] {dino} ty

[15:53] {Onix} nice!

[15:53] {patience} lovely

[15:54] {Threei}  dino... you do realize you were just called nice and lovely, don't you

[15:55] {dino} indeed, as it should be, lol

[15:55] {Threei}  okkkaaaay... :)

06[15:56] * Threei inconspicuously moves his chair away from dino

[15:57] {dino} 3i, it's ok if a gal calls me lovely

[15:57] {dino} the problem is when you do it

[15:57] {Threei}  that would be a real problem

[15:58] {Threei}  thankfully... snowball has more chance to survive in the oven

[15:59] {patience} thankfully its the end of the day

[15:59] {Geo} ok flat

[15:59] {Geo} rimm paid well

[15:59] {Threei}  I am more likely to silently put a beer on the table

[15:59] {patience} see you tomorrow with seller's remorse no doubt

[15:59] {Threei}  ok guys and gals

[15:59] {Threei}  thank you all

[15:59] {lisa_jay} Thanks Vad.

[15:59] {wishbone} nite all

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

[15:59] {Geo} not used to overnight.... thanks all

[15:59] {KSystems} well thank YOU

[16:00] {dino} ty all, good day, had fun

Dec 15 2008

Extremely boring and empty low volume day. Really nothing to say except, umm, extremely boring and empty low volume day

Session Time: Mon Dec 15 00:00:00 2008

[08:30] {Threei}  DEC EMPIRE MANUFACTURING: -25.8V -28.0E

[08:52] {Threei}  08:18am Baltic Dry Bulk Index Rises + 5.1%, sixth straight increase (related: IYM DRYS DSX GMR EGLE EXM )

[08:59] {peterg} Morning all; back in hr pls dont take all the $$

[08:59] {Threei}  peter :)

[09:00] {wishbone} gm all

[09:01] {Threei}  wishbone :)

[09:01] {Threei}  cold enough for ya?

[09:01] {wishbone} no!

[09:01] {wishbone} :)

[09:02] {Onix} Good morning all

[09:02] {Threei}  I for one didn't sign up for this when moved out West :)

[09:02] {Threei}  onix :)

[09:02] {dawg} gm all

[09:02] {Threei}  dawg :)

[09:02] {Onix} hi dawg

[09:03] {dawg} hello Onix

[09:03] {wishbone} here ya Vad...

[09:03] {wishbone} i'd rather be sippin' margheritas under a palm tree somewhere!

[09:03] {Threei}  too true

[09:05] {patience} first time for me to be in weather this cold in victoria

[09:08] {lisa_jay} Good morning everyone.

[09:08] {Onix} hi lisa

[09:09] {lisa_jay} Hi Onix

[09:09] {Geo} gm all

[09:09] {Onix} hi geo

[09:09] {Threei}  lisa, geo :)

[09:13] {lisa_jay} Hi Vad.

[09:13] {ese} morning....it's winter on the island....

[09:14] {Threei}  hi ese

[09:14] {Threei}  it sure is

[09:14] {Threei}  [09:02] {Threei} I for one didn't sign up for this when moved out West :)

[09:14] {Geo} its finally raining down here

[09:14] {Threei}  the only consolation is, Winnipeg is -43

[09:15] {ese} nice Christmas feeling....i will go away shortly thereafter

[09:15] {Threei}  I wonder if dino and magoo have power

[09:15] {ese} -43....ouch

[09:17] {cosmo} the ice sheets are coming....the ice sheets are coming...

[09:17] {Threei}  where is global warming when you need it

[09:17] {cosmo} algore is holding his breath...

[09:19] {cosmo} DRYS pre mkt high = 10.49   fwiw

[09:21] {Threei}  yeah... about a dollar gap, keeps me away for now

[09:23] {dino} gm all

[09:23] {Threei}  dino :)

[09:23] {Threei}  weather has mercy on you?

[09:24] {dino} yes, 50 degrees and rain, melted the snow. was 10 deprees saturday.

[09:24] {_elepet} good morning everybody. north california raining and warmish.

[09:25] {dino} degrees

[09:26] {Threei}  elepet :)

[09:27] {Onix} hi elepet

[09:27] {Onix} hello dino

[09:27] {_elepet} it's about 40' in petaluma at 6:25 am, expected 45' later.

[09:28] {dino} where is that el?

[09:28] {_elepet} north of san francisco

[09:29] {Geo} nice place

[09:29] {Geo} stayed in the petaluma sheraton a few yrs ago

[09:29] {Geo} in the napa sonoma areas

[09:29] {dino} ahhh

[09:29] {_elepet} that's right near my house

[09:30] {Geo} maybe next time.... ill just visit heheheheh

[09:33] {magoo} morning

[09:33] {Threei}  watching INTC for pullback

[09:33] {Threei}  magoo :)

[09:33] {Threei}  .75 - .80 zone for long entry

[09:34] {Threei}  watch NASDAQ for help with entry from here

[09:35] {magoo} any news AAPL vad?

[09:36] {Threei}  00:36am [AAPL] Goldman Sachs Cuts AAPL to Neutral from Buy, price target: $115

[09:36] {magoo} ah ty

[09:36] {Threei}  in

[09:36] {Threei}  stop under .70

[09:38] {Threei}  half out .80

[09:40] {Threei}  stopped second half

[09:40] {Onix} stopped intc

[09:42] {Threei}  DRYS stubbornly strong

[09:42] {cosmo} CIEN too

[09:45] {dino} amzn sm l .50, stop .17

[09:46] {ese} drys....interesting....trying to tell us something maybe......world wide shipment of goods maybe not so bad???

[09:46] {Threei}  [08:52] {Threei} 08:18am Baltic Dry Bulk Index Rises + 5.1%, sixth straight increase (related: IYM DRYS DSX GMR EGLE EXM )

[09:46] {ese} or short covering???

[09:47] {_elepet} confession time. I don.t  really know how to do stops properly. So i held on to drys at 10.47 and am now up 5.00% this is very funny. should i take my profit now?  I really am somewhat clueless.

[09:47] {Threei}  take off 2/3 of your position at least

[09:47] {Threei}  3/4 if enough shares

[09:47] {dino} livermore would say, when you get lucky, book it

[09:48] {Threei}  it has a feel of a runner

[09:49] {ese} L AMLN .22 aggressive entry

[09:49] {dino} amzn stop to .90

[09:50] {Threei}  trail the stop for the remaining shares to under 10.90

[09:50] {_elepet} i dI don't know how to do that.

[09:50] {Threei}  just sell

[09:51] {dino} stopped amzn .90, +.40

[09:52] {dino} elepet, just enter 10.90 sell stop

[09:52] {Threei}  you out yet?

[09:53] {dino} hope so

[09:53] {ese} it's not going to work.......

[09:53] {ese} AMLN that is

[09:53] {Threei}  elepet?

[09:54] {_elepet} yeah i'm out. trying to figure out how much i made.

[09:55] {dino} lod dji, ndx

[09:57] {Threei} Long Setup:  PTEN  .92

[09:57] {Threei}  stop under .80

[09:58] {Threei} Long Setup:  DRYS  half lot .10 break if holding above 11

[10:05] {Geo} both invalid vad?

[10:05] {Threei}  reshaped rather

[10:05] {Threei}  .80 break for PTEN if holding .70

[10:06] {Threei}  11 break for DRYS if holding .85

[10:08] {Threei}  .90 big offer DRYS

[10:08] {Threei}  if market help to scroll through it, should be scalpable

[10:09] {Threei}  that was fast

[10:11] {Onix} stopped pten

[10:12] {Threei}  some serious buying pressure suddenly came on DRYS

[10:13] {Threei}  not sure what's up... but if breaks .25, looks like 12 in cards

[10:13] {Threei}  risky as hell

[10:15] {_elepet} i thfunny, i had figured on 12

[10:17] {dino} golds are moving

[10:28] {Threei} Long Setup:  EGLE  .26 half lot

[10:28] {Threei}  stop under .19

[10:33] {magoo} u like the way DRYS is acxting here vad?

[10:33] {Threei}  can't tell really

[10:34] {Threei}  it was ready for take off when market dropped and held it back

[10:34] {Threei}  it's a strong as it can be under the circumstanceas, but it still needs market help

[10:39] {lisa_jay} .

[10:40] {Threei}  SLW looks breaky

[10:40] {Threei}  slow one

[10:41] {patience} yup, been in it for days

[10:41] {patience} but it pays the bills

[10:43] {dino} cpla sm l .30

[10:43] {dino} stop .93

[10:43] {dino} ebs sm l .83, sdtop .49\

[10:45] {dino} .

[10:46] {Geo} anyone else sitting in egle?

[10:46] {_elepet} i am

[10:46] {Geo} ok

[10:49] {Threei}  it went over .40

[10:50] {Threei}  that was 1 to how much??

[10:50] {dino} read the mkt wrong

[10:50] {Geo} i did take 2/33 off

[10:50] {Geo} just wondering on trail

[10:50] {Threei}  ah OK then

[10:50] {Geo} out

[10:50] {peterg} nice one

[10:51] {dino} ebs stopped

[10:54] {dino} f'ing nyse w/hard stops, picked me off and ran

[10:57] {dino} cpla stopped

[10:58] {Chaeron} good morning all

[10:58] {Threei}  chaeron :)

[11:00] {dino} gm ch

[11:00] {lisa_jay} Hi Chaeron

[11:00] {Threei}  what was that on SLW just now

[11:01] {dino} watching amzn, afam, axys fwiw

[11:01] {ese} adding another 1/2 lot of AMLN....avg price will be .05

[11:02] {ese} will be an interesting day trade....if market rises...stop is .80

[11:08] {Threei} Long Setup:  GG  half lot ,30 break

[11:08] {Threei}  stop under .10

[11:09] {Threei}  GM

[11:09] {Threei}  REPORTEDLY GMAC BOND HOLDERS COMMITTEE HAS AGREED TO A BOND SWAP FOR UP TO $10.5B IN DEBT - UNCONFIRMED REPORT

[11:17] {Threei}  market is really sleepy

[11:18] {patience} fomc meeting tomorrow?

[11:18] {Threei}  yeah

[11:18] {patience} it's just that they are so creative now

[11:19] {magoo} i really thought we were to have strong up market this week........sigh

[11:20] {dino} amzn sm l .75

[11:20] {dino} stop .47

[11:20] {Threei}  I guess too much uncertainty, with Big 3 mostly

[11:21] {lisa_jay} gg stop still under .10 Vad?

[11:21] {Threei}  to me yes... if uncomfortable, can be trailed to .15

[11:21] {lisa_jay} thanks

[11:21] {Threei}  but difference is not material as far as I am concerned for a half lot

[11:27] {dino} don't think!

[11:27] {Threei}  moot point dino... we couldn't even if we wanted to {G}

[11:28] {dino} lol

[11:29] {Threei}  (US) TREASURY SPOKESPERSON: TREASURY IS STILL REVIEWING THE DETAILS OF A POTENTIAL AUTO BAILOUT, NO DECISIONS HAVE BEEN MADE YET

[11:29] {Threei}  {GM F}

[11:30] {magoo} wish they would zip-da-lip

[11:31] {magoo} mkts trying here..they killing it with jabber

[11:32] {dino} partiel fill cpla l .74

[11:32] {dino} ok, got it sm .74 l stop .39

[11:35] {Threei}  very long stall... no idea whch way it resolves whenit finally does

[11:36] {Geo} out 

[11:39] {dino} shall i flip the coin?

[11:39] {Threei}  or consult gut

[11:39] {dino} gut in limbo

[11:39] {Threei}  coin then

[11:39] {peterg} hmmmmm....do I feel lucky?

[11:40] {peterg} or just yucky?

[11:40] {peterg} (poetry)

[11:40] {Threei}  can't a fella be both?

[11:40] {peterg} yes!

[11:40] {KSystems} well then...I gotta go again..dad's birthday

[11:41] {KSystems} be back tomorrow

[11:41] {dino} contra coin flip, tails, it's up

[11:41] {Threei}  take care KS, have fun

[11:41] {KSystems} you too ;) dont fall asleep

[11:41] {magoo} bye KS

[11:41] {dino} cya ks

[11:41] {magoo} aapl ,ong .50 to go over 95

[11:41] {magoo} RISKY small

[11:42] {magoo} stop .17

[11:42] {magoo} start reading DRYS vad

[11:44] {Threei}  until market defines direction, nothing to read really

[11:44] {Threei}  mess within narrow range

[11:46] {dino} pins and needles, needles and pins

[11:53] {magoo} 94.70 turned aapl back twice here

[12:03] {lisa_jay} .

[12:04] {dino} nice point lj

[12:06] {Threei}  very fine point, I agree

[12:06] {lisa_jay} sorry...just testing if i was asleep or not.

[12:06] {dino} lol

[12:06] {peterg} perhaps .0001 or 0002

[12:07] {dino} indeed

[12:07] {peterg} quite right, quite right

[12:10] {magoo} diein' a hard way to make a livin'

[12:11] {dino} geoy hl l .10, stop .88

[12:13] {dino} we all gotta die magoo

[12:15] {magoo} u first lol

[12:16] {ese} outta here for the day....4 more shows with my high school rhythm and blues band this week.....and then......ALCHOHOL!!!!!

[12:17] {Threei}  take care ese :)

[12:17] {ese} see ya vad

[12:18] {dino} cya es

[12:20] {Threei}  I need some device capable of keeping eyelids open

[12:21] {Geo} flexible toothpicks work well

[12:21] {Threei}  scoth tape?

[12:21] {Geo} atleast they did in tom and jerry

[12:24] {dino} gorilla glue

[12:24] {Threei}  half out GG

[12:24] {Threei}  can't believe thing finally moved

[12:25] {magoo} thats from a while back correcty

[12:25] {Threei}  more than hour ago

[12:26] {dino} hours=days in this business

[12:26] {dptl} good morning all

[12:26] {Threei}  dp :)

[12:26] {dino} gm dp

[12:26] {Threei}  negotiated snowy roads or what?

[12:27] {dino} amzn to b/e

[12:27] {dptl} it's not that bad here...just was busy :)

[12:27] {dino} geoy won't move tighten to .94

[12:29] {dino} out amzn .98, +.23

[12:29] {patience} good stuff dino, no trades for me yet

[12:30] {dino} ty

[12:30] {dino} eqix spike

[12:30] {dino} missed, too fast

[12:34] {Threei}  gosh, I just looked at volume

[12:34] {Threei}  next to non-existent

[12:39] {Threei}  out second half GG

[12:40] {Threei}  USO went red, don't want to hold gold stock

[12:47] {Threei}  CLWR

[12:47] {Threei}  HOSTING PRESS CONFERENCE WITH INTC ON JAN 6 TO INTRODUCE NEW 4G MOBILE NETWORK TECHNOLOGY

[12:47] {Threei}  {INTC}

[12:48] {Threei}  why don't I get CLWR quotes

[12:48] {Geo} same here

[12:48] {Geo} in esignal too

[12:48] {Threei}  last day on daily is 11/28

[12:48] {Threei}  shrug

[12:49] {dino} geoy stopped -.16

[12:49] {tomg} ty egle earlier vad

[12:49] {Threei}  tom :)

[12:50] {tomg} bad weather, power off and on now

[12:50] {Threei}  yikes

[12:51] {Threei}  had internet outage yesterday for about an hour

[12:51] {tomg} yesterday 60F, today 30F and icy

[12:51] {wishbone} did u sign up for this when u moved to vic vad?

[12:52] {Threei}  decisively no

[12:52] {Geo} lol

[12:52] {wishbone} have u looked outside?

[12:53] {Threei}  I refuse to

[12:53] {wishbone} try it.....

[12:53] {Threei}  nope

[12:53] {Threei}  just lwet me know when it's over

[12:53] {wishbone} you'll regret it!

[12:54] {wishbone} :)

[12:54] {patience} gee vad, the council supply residents on our street with free vodka

[12:55] {Threei}  hmmm

06[12:55] * Geo packs up to move

[12:56] {patience} funny to think the council just trucked in snow from ski hills 4 hours away so the kids could experience snow

[12:56] {Threei}  cheery neighbors made a snowman

[12:56] {Threei}  I snapped a picture from the window

[12:56] {Geo} so you did look !!!!

[12:56] {Threei}  yeah :(

[12:56] {Threei}  now I need counceling

[12:57] {Threei}  psychological trauma, you know

[12:58] {wishbone} sunny, clear skies give you psychological trauma?

[12:58] {Threei}  no... but snow-covered ground does

[12:59] {wishbone} oh...gives you flashbacks to Winnipeg!

[13:00] {Threei}  eqzaktly

[13:00] {Threei}  *DEC NAHB HOUSING MARKET INDEX: 9 V 10E

[13:00] {wishbone} lol...ya been there 6 too many times

[13:00] {Threei}  any of them in the dead of the winter?

[13:01] {Threei} Short Setup: USO  half lot 37 break if stays under 37.15

[13:02] {Threei}  ugh

[13:02] {Threei}  not in a short list

[13:02] {Threei}  lol... 1:1 in one second

[13:03] {wishbone} ya 4...the other 2 were during mosquito heaven?

[13:03] {Threei}  then you have full appreciation of the place :)

[13:03] {wishbone} of course:)

[13:03] {Threei}  1:2 USO

[13:04] {Threei}  if nothing else, at least paper trade it for educational purposes

[13:04] {Geo} sniff

[13:04] {Threei}  yeah

[13:18] {Threei}  with almost 2/3s of trading day gone, volume is 1/3 of Friday's

[13:18] {Threei}  DRYS hard selloff

[13:21] {Threei} Long Setup:  USO  37 break half lot if stays above .85

[13:22] {dino} axys sm l .99, stop .63

[13:23] {Threei}  yuck

[13:23] {Geo} wo

[13:23] {Geo} sneaky

[13:24] {dino} alog smackdown

[13:24] {Geo} try again?

[13:24] {Threei}  I am out breakoeven into this bounce

[13:25] {Threei}  it wants higher maybe but this volatility is not to my liking

[13:25] {Threei}  no control

[13:34] {dino} tbsi l .30, stop lod

[13:35] {Threei}  wow

[13:35] {Threei}  and I mean wow

[13:36] {lisa_jay} yes...my 3c loss looks nice now

[13:36] {Geo} yup

[13:36] {Threei}  good thing I decided againsat trying to squeeze something out of it

[13:36] {Threei}  50 second in a blink of eye

[13:36] {Threei}  50 cents, sorry

[13:37] {lisa_jay} r q"s cup handle now

[13:37] {Threei}  and half of it back in a blink of second eye

[13:45] {Threei}  lol, look at USO

[13:47] {Threei}  ok, this is relief:

[13:47] {Threei}  AIG

[13:47] {Threei}  NOTES IT HAS NO EXPOSURE TO THE MADOFF SCHEME

[13:47] {Threei}  just think about it - there is some scheme AIG has no exposure to

[13:50] {dino} surprised they didn't add; "that we know of"

[13:50] {Threei}  lol

[13:50] {lisa_jay} Vad, Q's any setup here....too choppy to bother i guess.

[13:50] {Threei}  just an low volume jerky mess lisa

[13:51] {Threei}  crapshoot, may get a scalp, may get scalped, 50/50

[13:51] {Threei}  no need to accumulate stops

[13:51] {patience} even the computer program trading machines are bored lisa

[13:51] {Threei}  lol

[13:51] {lisa_jay} Yeah.

[13:51] {lisa_jay} There is my answer Vad.

[13:51] {Threei}  any valid setup will shake you out only to bounce back right away

[13:52] {Threei}  but the one you refuse to take stop on will continue against you

[13:52] {lisa_jay} Murphy's law.

[13:52] {Threei}  yup

[13:57] {Geo} vad dcc pls

[13:57] {Threei}  do I have to?

[14:01] {dino} no

[14:10] {peterg} OK, heres a question for you laser users: on account summary, theree is tickets, shares, etc.  realized, unrealied and ratio.

[14:10] {peterg} what is ratio?

[14:11] {peterg} expenses to profits?

[14:12] {peterg} dont mean to disturb anyone's nap

[14:13] {Threei}  funny thing is, peter,

[14:13] {Threei}  at some point I wondered,

[14:13] {Threei}  found out

[14:13] {Threei}  and totally forgot now

[14:13] {peterg} and have forgotten!

[14:13] {Threei}  yup

[14:13] {peterg} you dont think its % of expense 

[14:13] {Threei}  no

[14:14] {Threei}  something to do with positive/negative trades

[14:14] {peterg} ok, I dont care about that, I think

[14:14] {peterg} Am trying to get a feel for per cent of profit consumed by expenses in laser

[14:14] {peterg} not too hard to figure

[14:15] {Threei}  on the analysis page there are:

[14:15] {Threei}  overnight ratio

[14:15] {Threei}  total ratio

[14:15] {Threei}  passthrough ratio

[14:15] {Threei}  commissions ratio

[14:15] {Threei}  and net ratio

[14:16] {Threei}  I am sure something of this is what you are looking for

[14:16] {peterg} thks

[14:26] {magoo} so much for the santa claus rally theory

[14:26] {Threei}  well, there is time still

[14:26] {wishbone} ho ho...no

[14:26] {patience} this is the rally until tax selling starts shortly

[14:26] {Threei}  considerFOMC tomorrow and GM/F uncertainty

[14:27] {Threei}  we still may post a nice rally when those things resolve

[14:27] {Geo} made a few bad trades today... need some castor oil

[14:27] {Threei}  and from pure chart point of view, so far all we have is a very shallow pullback on a very low volume

[14:29] {peterg} From a personal point of  view it is so boring that I am going to go look at more cell phone possibilities.

[14:30] {Threei}  Rogers offered me a free Blackberry Curve with just $15/month more than my current plan

[14:30] {Threei}  GPS model

[14:30] {peterg} Sounds good

[14:30] {Threei}  ... and I turned it down

[14:30] {peterg} Smarter yet

[14:30] {Threei}  lol

[14:31] {peterg} Keep old until dies

[14:31] {Geo} i am trying to get rid of my 8830 but company wont let me

[14:31] {peterg} whats 8830 geo?

[14:31] {Geo} blackberry

[14:31] {peterg} yeah

[14:32] {peterg} what do you want?

[14:32] {peterg} instead?

[14:32] {Geo} no phone

[14:32] {peterg} wow, radical

[14:32] {peterg} implant

[14:32] {peterg} landline

[14:32] {peterg} walkie talkie

[14:32] {Geo} better still have a guy who holds the phone for me

[14:32] {peterg} I like it

[14:32] {Threei}  home pigeon

[14:32] {Geo} and says " the boss isnt available"

[14:33] {dino} just be like me and don't turn it on

[14:34] {peterg} that was me at the beginning of the cell phone movement.

[14:34] {peterg} Now use it to dominate children

[14:34] {peterg} and spous

[14:34] {peterg} not sure who dominates who

[14:34] {Geo} bidu !!!

[14:34] {dino} wife gets mad about it, but i told her i bought so i could make calls not receive

[14:35] {Geo} true

[14:35] {Geo} I NEVER REFUSE WIFE CALLS

[14:35] {Geo} hehehe

[14:35] {Geo} keeps me well fed

[14:35] {dino} lol

[14:36] {peterg} you like bidu up or down?

[14:36] {dino} tbsi stop to .42

[14:36] {dino} out +.12

[14:36] {Geo} me? no idea... i dont touch anything ove 100

[14:36] {Geo} one of my rules

[14:37] {peterg} dino, you done with tbsi?

[14:37] {Threei}  (US) PRESIDENT-ELECT OBAMA ADVISOR TYSON: QUANTITATIVE EASING IS THE WAY TO GO, FED SHOULD ACT TO MITIGATE ECONOMIC FEAR - TV INTERVIEW

[14:37] {Threei}  - Notes she has called for a stimulus with a "big number."

[14:37] {dino} out. but nice pattern between .26-.45

[14:37] {peterg} nice

[14:37] {dino} hits .26 i will go again

[14:37] {Threei}  QUANTITATIVE EASING?

[14:37] {Threei}  do they have any more room to ease after tomorrow's cut?

[14:38] {dino} they are going to mail out $10k to everybody

[14:38] {Threei}  I hope canaians aincluded

[14:39] {Threei}  I'll accept copndition to spend it in US

[14:39] {dino} lol

[14:39] {dino} drys same pattern, .15-.90 peter

[14:40] {dino} brb

[14:42] {Threei}  (KU) KUWATI OIL MINISTER: BELIEVES THAT OPEC WILL CUT OUTPUT AT ITS UPCOMING MEETING

[14:42] {Threei}  - Oil inventories are at a five-year high.

[14:42] {Threei}  - Noting that Kuwait is "having trouble" finding customers.

[14:43] {Threei}  "having trouble" finding customers? Did they ever stop to think of such outcome when prices were skyrocketing?

[14:43] {Threei}  why do I feel very little sympathy...

[14:43] {magoo} i feel really bad for the arabs right now..its sad

[14:44] {Threei}  ok mags, wait for me couple min

[14:44] {Geo} yeah mee too

[14:44] {Threei}  I'll try hard to join you in these feelings

[14:44] {Geo} all downgrading to maseratis

[14:44] {Threei}  trying....

[14:44] {Threei}  trying....

[14:44] {Threei}  nah, no go

[14:44] {Threei}  don't wait for me anymore

[14:44] {Geo} am i gald vad was talking about feelings

[14:45] {Threei}  oh, but I am extremely sensitive type

[14:45] {Threei}  feeling is all I talk about

[14:45] {Threei}  I also cry when see pretty sunset

[14:45] {Threei}  or that thing

[14:45] {Threei}  what do you call it

[14:45] {Threei}  oh... flower

[14:45] {Geo} sheeeeesh

[14:45] {Geo} slow trading tay

[14:46] {Threei}  ya think?:)

06[14:46] * Geo ducks

[14:46] {Threei}  1 hour left, volume is half of Friday's

[14:49] {Geo} http://online.wsj.com/article/SB122929670229805137.html

[14:49] {Geo} etf and volatility

[15:04] {lisa_jay} anything for happy hour?

[15:05] {Threei}  looking lisa

[15:05] {Threei}  maybe last hour activity will bring something

[15:05] {Threei}  but I officially nominate this day the most boring day of 2008

[15:06] {lisa_jay} Yeah.

[15:07] {lisa_jay} Those big red candles are not inspiring any confidence i guess.

[15:07] {dino} watching t, stalking tbsi

[15:08] {Threei}  DRYS pullbacks are scalpable

[15:17] {Threei}  ummm... so far last hour is just as empty and boring

[15:26] {dino} alog l .17

[15:31] {Threei}  in hindsight I am beaiting myself for not caling DRYS for bounce ay .86

[15:31] {Threei}  felt right but this day probably weighed on me

[15:31] {Onix} hindsight always 20-20 hey?

[15:31] {Threei}  especially mine

[15:32] {Threei}  you have no idea how high quality my hindsights are of

[15:32] {Threei}  I'd say I achieve 21/20

[15:32] {cosmo} 20-10 if yur're really good

[15:32] {Onix} lol

[15:32] {Geo} vad all i am going  to say is.....

[15:32] {Threei}  don't

[15:32] {Geo} i respect your trading skills

[15:32] {Threei}  ah OK

06[15:33] * Threei puts trout back in holster

06[15:33] * Geo sniggers about the unsaid

[15:33] {dino} out alog .33, +.16

[15:34] {Onix} gj

[15:34] {lisa_jay} nice dino.  

[15:34] {dino} ty lucky

[15:35] {Threei}  wow

[15:35] {dino} 3:40 rally?

[15:35] {Threei}  that's more than I expected from DRYS last bounce

[15:35] {lisa_jay} Market giving more than .05c move finally.

[15:36] {dino} mkt spiked

[15:36] {lisa_jay} What the **** was that?

[15:36] {magoo} think DRYS going for 211?

[15:36] {Threei}  no news

[15:36] {Geo} oooooooh

[15:36] {magoo} 11?

[15:36] {Threei}  low volume environment

[15:36] {Threei}  moves are a bit eaggerated

[15:36] {Threei}  really doubt that mags

[15:36] {cosmo} 12?

[15:36] {Threei}  sigh

[15:37] {dino} ugh alog

[15:41] {peterg} the sheik be buyin

[15:41] {peterg} from a small office in Qatar, he surveys the known universe through universal scanners

[15:42] {peterg} and knows the futures

[15:42] {peterg} future

[15:42] {Threei}  and futures

[15:42] {peterg} so much the better

[15:42] {Geo} why qatar?

[15:42] {peterg} met a sheik from there 

[15:42] {Geo} its the poorest sheikdom

[15:43] {peterg} not any more i think

[15:43] {Geo} lol

[15:43] {peterg} :)

[15:47] {Threei}  somewhat labored "rally"

[15:48] {Threei}  I mean if that were a rally for my cause, I'd feel really underappreciated

[15:48] {Geo} heheh

[15:48] {peterg} dove by sheik's house in UAE; dude had two personal planes--small one was Airbus A3XX; large one was 747.

[15:49] {peterg} just rambling on sheik thread

[15:49] {Geo} i cuold tell ya stories

[15:50] {Threei}  anyonbe watching DRYS? geleportation setup quite a few times, absolute copy of what we used to play on UAUA

[15:51] {Threei}  geo is now known as Scheherezade

[15:52] {magoo} where u entering?

[15:52] {Threei}  no way to tell in advance mags

[15:52] {Threei}  remember how it played out with UAUA?

[15:53] {peterg} so is pure emo play?

[15:53] {_elepet} i am always watching drys. keep going in and out.

[15:53] {peterg} making $?

[15:54] {_elepet} yep. about $400 a day

[15:54] {peterg} nice

[15:54] {Geo} nice 

[15:54] {_elepet} it's my pet.

[15:54] {Threei}  aka personal ATM

[15:55] {Geo} elePET

[15:55] {Threei}  lol

[15:56] {Geo} vad whats laser port number again pls?

[15:56] {Threei}  15905

[15:56] {Geo} ty

[15:56] {Geo} rebuilt pc

[15:59] {Threei}  Ok guys

[15:59] {lisa_jay} Vad, quick DCC please.

[15:59] {Threei}  if you insist I will apologize for the market being so boring today

[15:59] {Threei}  but I really don't want to

[15:59] {Threei}  so you better don't insist

[16:00] {dino} out axys +.-06 whoo-hoo

[16:00] {dino} +

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {dino} u2

[16:01] {_elepet} bye. 

[16:01] {peterg} was watching DRYS so intently, did not notice market closed

[16:02] {peterg} wondered why no price action.

[16:02] {peterg} thks all.

[16:04] {dino} been there peter

02[16:10] * Disconnected

Session Close: Mon Dec 15 16:10:42 2008