Jan 22 2009

This is pure traders market. With our new hero STT aand some of traditional performers (why, DRYS of course) it shaped up as a great day. icing on a cake was little after hours GOOG gamble for quick $5.

Session Time: Thu Jan 22 00:00:00 2009

[08:02] {Threei}  Good morning RT

[08:04] {hawkfan4} good morning vad, all

[08:04] {Threei}  hawk :)

[08:06] {magoo} morning

[08:06] {Threei}  magoo :)

[08:06] {i2romantis} morning all :)

[08:06] {Threei}  i2r :)

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 543K v prior release of 524K (range seen from 450K to 594K)

[08:10] {Threei}  - Continuing claims seen at 4.534M v prior 4.497M. (range seen from 4.500M to 4.580M)

[08:20] {Threei}  Two men are being sentenced to death over China tainted milk scandal

[08:20] {Threei}  boy... they are not fooling around over there

[08:20] {patience} surprised it is only 2

[08:20] {cujo} Good morning all. 

[08:21] {Threei}  cujo :)

[08:21] {Onix} Hi cujo

[08:21] {Onix} Good morning all

[08:21] {cujo} Hey Onix.  

[08:21] {Threei}  onix :)

[08:22] {Threei}  BALTIC DRY BULK INDEX + 5.0%, 3RD STRAIGHT INCREASE

[08:25] {nemo} mornin'  "Tag" fuer Ihnen nach Malzeit.

[08:26] {Threei}  nemo :)

[08:30] {Threei}  DEC HOUSING STARTS: 550K V 605KE; BUILDING PERMITS: 549K V 600KE

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 589K V 543KE; CONTINUING CLAIMS: 4.607M V 4.534ME

[08:31] {Threei}  took .77 DRYS

[08:31] {Threei}  for bounce scalp

[08:31] {Threei}  full dollar drop in one swoop is wirth a try

[08:31] {Threei}  small shares, so will try to hold it

[08:32] {Threei}  ummm... it has its own news

[08:32] {Threei}  ANNOUNCES SIGNIFICANT REDUCTIONS IN CAPEX AND SUSPENSION OF THE DIVIDEND EFFECTIVE FOR Q4 2008

[08:32] {Threei}  not a good idea

[08:32] {Threei}  leave it alone for now

[08:32] {Threei}  sold .46

[08:33] {Onix} what a drop in that DRYS hey!?

[08:34] {Threei}  should be good for a bounce somewhere but considering its volatility, no need to rush in

[08:34] {Onix} ok

[08:35] {Threei}  if it was a pullback on job numbers, that would be valid entry

[08:35] {Threei}  with its own news, who knows

[08:36] {Threei}  - Transactions include:

[08:36] {Threei}  (1) the disposal of three Capesize newbuildings

[08:36] {Threei}  (2) the cancellation of the acquisition of nine Capesize vessels (including five newbuildings) previously agreed to by the Company.

[08:36] {Threei}  -These two transactions will reduce the Company''s capital expenditure commitments by over $1.5 billion in initial transaction value.

[08:36] {Threei}  - Company will suspend dividend payments on its common stock.

[08:36] {Threei}  - Based on these transactions and policies, the Company expects to improve its balance sheet and enhance cash flow that will provide the Company greater financial flexibility in this challenging environment.

[08:37] {Threei}  I am not even sure if it's a good news or bad, lol

[08:37] {Threei}  matter of interpretation

[08:39] {Threei}  STEM...

[08:39] {Threei}  speculation on stem cells hopes I guess

[08:39] {Threei}  GERN is probably better candidate if this turns into micromania

[08:47] {i2romantis} DRYS, just on earnings warning, it seems

[08:47] {nemo} test

[08:47] {nemo} test

[08:48] {nemo} test

[08:48] {nemo} back?

[08:48] {Threei}  08:30am [DRYS] Guides Q4 EPS $0.63-0.71 v $1.29e

[08:49] {Threei}  watch this 5.70 offer GERN

[08:50] {Threei}  FULL SENATE CONFIRMATION VOTE FOR GEITHNER NOT LIKELY UNTIL NEXT WEEK - CNBC

[08:51] {pita} gm everyone

[08:51] {Threei}  pita :)

[08:54] {elepet} good morning

[08:54] {Threei}  elepet :)

[08:54] {Threei}  you all out of DRYS yesterday I hope?

[08:55] {Threei}  for adrenaline junkies, 11.50 break on DRYS... smaaal shares

[08:55] {Threei}  scary trade really

[08:56] {Threei}  not setting up anyway

[08:56] {hawkfan4} whew :)

[08:56] {Threei}  hehe

[08:57] {Threei}  what a dump

[08:57] {Threei}  11.30 now

[08:57] {Threei}  again... only if you feel very very adventurous

[08:58] {KSystems} stop under .00?

[08:58] {Threei}  that, ot 11.10

[08:58] {KSystems} ok, in

[08:58] {Threei}  bottomed out at .12 so far

[08:58] {Threei}  OK{ now we know who leads the list of gamblers

[08:58] {KSystems} where is your target?

[08:59] {Threei}  there is no really technical read to this thin premarket trading

[08:59] {larisa} never would think KS is one of them :)

[09:00] {magoo} ChanServ is one heck of a sargent in arms vad

[09:00] {Threei}  lol

[09:00] {magoo} sergant?

[09:00] {Threei}  you guys never set it up right

[09:00] {cujo} KS you still in this?

[09:00] {magoo} impossioble to do

[09:00] {hawkfan4} is there a way to turn that noise off?

[09:01] {Threei}  mags, what are you talking about... a lot of people did

[09:01] {dptl} gm all

[09:01] {Threei}  joins/quitsd, hawk?

[09:01] {Threei}  dp :)

[09:01] {hawkfan4} yes Vad

[09:01] {Threei}  sure

[09:01] {Threei}  right click on #discussions button

[09:01] {Threei}  Event

[09:01] {Threei}  kill all you don't want

[09:02] {Threei}  or move to status

[09:02] {Threei}  MSFT

[09:02] {hawkfan4} great, thanks :)  

[09:02] {Threei}  REPORTS Q2 $0.47 V $0.49E, REV $16.3B V 17.1BE CUTS 5K JOBS

[09:02] {Threei}  - We are planning for economic uncertainty to continue through the remainder of the fiscal year, almost certainly leading to lower revenue and earnings for the second half relative to the previous year.

[09:05] {cujo} Vad see anything in MSFT?

[09:05] {KSystems} out DRYS

[09:05] {nemo} test

[09:05] {magoo} msft just releades early

[09:05] {KSystems} dont like what i see in mkt

[09:05] {magoo} wtf

[09:06] {KSystems} +.05

[09:06] {Threei}  I don't intend to trade it cujo

[09:06] {cujo} got ya. 

[09:09] {fernp} Hello everybody

[09:10] {KSystems} ok

[09:10] {Threei}  fern :)

06[09:10] * KSystems officially wishes a good morning to everyone

[09:11] {ese} good morning....but mine is only semi official

[09:11] {Threei}  ese :)

[09:11] {Threei}  DRYS is trying for double bottom

[09:12] {Onix} 11.66?

[09:13] {Threei}  you realize how dangerous this stock is, right?

[09:13] {patience} DRYS just suspended its 4th quarter dividend

[09:13] {dino} gm all. end of days all over again

[09:13] {Onix} o ja

[09:13] {Threei}  dino :)

[09:14] {dino} :)

[09:17] {Threei}  onix, if you went for it, either offer .95

[09:17] {Threei}  or try to hold for 12 break and spike

[09:18] {Threei}  RU) RUSSIAN CENTRAL BANK CONFIRMS PRESS CONF AT 10.00 AM EST TODAY

[09:18] {Threei}  uh oh

[09:19] {patience} they want your roubles vad

[09:19] {nemo} geez...hope they don't default again

[09:19] {Threei}  that was the rumor earlier nemo

[09:19] {Threei}  DRYS broke 12

[09:19] {nemo} well, short the financials

[09:19] {nemo} ehhh...short the market

[09:22] {Threei}  if anyone went for adrenaline-rich ride on DRYS, no way you'd let this profit slide away

[09:22] {hawkfan4} nice alert on DRYS vad, thx. in .65, out .12

[09:22] {Threei}  make sure you book it or trail stop tightly

[09:22] {Threei}  wtg hawk

[09:22] {Threei}  my list of gamblers is gaining

[09:22] {hawkfan4} :) lol

[09:22] {Threei}  KS, hawk

[09:23] {ese} vad do you remember what happened in 87/88.....what was that all about a devaluation?

[09:23] {Threei}  magoo was never off the list actually

[09:23] {Threei}  it was default, ese

[09:23] {ese} ah.......

[09:23] {Threei}  banks couldn;'t pay their obligations

[09:23] {Threei}  savings evaporated

[09:24] {Threei}  DEALER CHATTERING SPECULATION THAT RUSSIAN CENTRAL BANK WILL ANNNOUNCE CURRENCY DEVALUATION AND INTEREST RATE HIKE

[09:24] {nemo} monetize their way out of this

[09:29] {Threei}  let's sit quietly first minutes

[09:29] {Threei}  let the dust settle

[09:29] {hawkfan4} sounds like a good plan

[09:29] {Threei}  onix, you went for that DRYS?

[09:31] {Onix} oh no, i amtoo chiken :(

[09:31] {Threei}  OK :)

[09:33] {Threei} Long Setup:  GERN  5.40 - 5.45 if holding 5.30

[09:34] {Threei}  could be a slow trade, rather day trade than scalp

[09:34] {Threei}  possibly swing

[09:34] {KSystems} in

[09:35] {KSystems} .42

[09:36] {Threei}  stop under .30

[09:36] {Threei}  not a scalp for me

[09:36] {KSystems} do you still partial out at the usual levels?

[09:36] {Threei}  I won't

[09:36] {nemo} ? with Russian announcement coming, why do a slow trade?

[09:36] {Threei}  aiming for a first partial around 5.70

[09:37] {Threei}  with stop about 15 cents... I don't feel particularly in danger

[09:38] {fernp} in 5.44

[09:38] {Threei}  and this trade is based on things not very relevant to anything but speculation on Obama's policies in stem cell field

[09:39] {larisa} wow STT

[09:39] {Threei}  TREASURY SEC NOMINEE GEITHER: BEST OUTCOME IS FOR BANKING INDUSTRY TO REMAIN IN PRIVATE HANDS, MORE RESOURCES MAY BE NEEDED IF BANK CONDITIONS BECOME WORSE

[09:39] {Threei}  - Notes that there are no current plans for more rescue funds

[09:39] {Threei}  - Comments that Obama believes that CHina is a currency manipulator

[09:40] {Threei}  jeez

[09:40] {Threei}  try and read this, lol

[09:41] {Threei}  STT

[09:41] {Threei}  FITCH CUTS RATINGS TO A+ FORM AA-, RATINGS WATCH NEGATIVE

[09:41] {Threei}  - Was cut at S&P and Moody's earlier in week

[09:43] {dino} tyd

[09:43] {dino} tdy i mean

[09:43] {Threei} Long Setup:  CECO  .55 half lot if stays above .40

[09:44] {Threei}  RECENT STRENGTH IN STEM CELL STOCKS ATTRIBUTED TO SPECULATION PRESIDENT OBAMA IS BEING PRESSURED TO LIFT RESEARCH RESTRICTIONS

[09:44] {Threei}  {GERN AVII ASTM}

[09:45] {Threei}  we kind of guessed

[09:46] {nemo} how's the arm, vad?

[09:46] {Threei}  fine, thank you

[09:46] {nemo} that's good

[09:47] {Threei}  if CECO sets up, stop would have to be under .35

[09:47] {Threei}  adjust shares accordingly

[09:47] {KSystems} in .55

[09:48] {Threei}  with any market help, has 22 in it

[09:50] {dino} geeze 3i, don't hurt your arm before the superbowl

[09:50] {nemo} You mean the gray cup dino?

[09:50] {Threei}  what's with widespread worries about my arm

[09:51] {dino} of course

[09:51] {nemo} we have real football own here

[09:51] {nemo} "down"

[09:52] {Threei}  APOL drop

[09:52] {Threei}  not very good for CECO

[09:52] {dino} gg l .40 sm

[09:53] {Threei}  holding decently so far

[09:55] {Threei}  (RU) RUSSIA CENTRAL BANK: STOPING ROBLE WIDENING

[09:55] {nemo} huh?

[09:55] {Threei}  no idea what it means

[09:55] {dino} ??

[09:55] {Threei}  *(RU) RUSSIA CENTRAL BANK: STOPING ROUBLE CORRIDOR WIDENING AT RUB41 AGAINST BASKET

[09:55] {ese} what the "H" does that mean   "widening"

[09:56] {nemo} too much polymeni

[09:56] {Threei}  lol

[09:56] {Threei}  STT just goes, lol

[09:56] {dino} what's rouble?

[09:57] {Threei}  EURO FIRMS AFTER RUSSIAN CENTRAL BANK SETS NEW UPPER LIMIT

[10:00] {Threei}  CECO tagged 1:1 briefly,, let's trail stop to under .40

[10:00] {Threei}  just want to keep things tight while market is so uncertain

[10:00] {Threei}  and with this huge offer at .70, who knows if it has enough drive to break it

[10:01] {Threei}  US) NOV HOUSE PRICE INDEX: -1.8% V -1.2%E

[10:01] {Threei}  but if does... even 22 can be too conservative target

[10:05] {cujo} Vad, what system do you use for quotes? I don't see a .70 offer

[10:06] {Threei}  Laser

[10:06] {Threei}  INCA

[10:06] {Threei}  over 10K offer

[10:06] {Threei}  big for a thin stock

[10:07] {dino} talking heads/mark haines, ragging 10% drop in home prices since 2007.....heck of a lot better than stock market drops imo

[10:07] {Threei}  no kidding

[10:07] {dino} perspective is way off

[10:08] {cujo} he he

[10:08] {Threei}  APOL forms C&H

[10:08] {Threei}  scariest stock on the planet

[10:08] {Threei}  if breaks 88.50 and goes, should helo CECO

[10:09] {Threei}  ok CECO... it's time

[10:10] {Threei}  INET either canceled that offer or went reserve

[10:10] {Threei}  half out .74

[10:11] {Threei}  stop to .45

[10:12] {Threei}  are you guys breathing out there?

[10:12] {KSystems} zzzZZZzzzZZZ

[10:12] {nemo} cough cough

[10:13] {Threei}  OK... partialed on CECO?

[10:13] {nemo} schlaf gut...K

[10:13] {KSystems} yes

[10:13] {ese} too funny ksys......feelin same

[10:13] {nemo} gute Traume

[10:14] {Threei}  if falling asleep, just buy STT... Iguarantee immediate awakening

[10:14] {nemo} o.k. in 10k stt...not

[10:15] {Threei}  some comments on currency:

[10:15] {Threei}  RUSSIAN CENTRAL BANK CURRENCY ANNOUNCEMENT

[10:15] {Threei}  - Chief European dealer noting that the announcement from Russian Central Bank to end of the band widening and some form of capital controls most likely takes a source of daily usd demand out of the market

[10:15] {Threei}  - FX Chartist notes that 1.3070 remains pivot point on daily NY close basis

[10:15] {Threei}  out CECO balance

[10:15] {nemo} I've got $ up .64 and climbing

[10:16] {nemo} fast

[10:16] {Threei}  so much for Chief European dealer

[10:16] {nemo} as you said before... upgrade sell...downgrade buy

[10:19] {elepet} you still in GERN?

[10:20] {Threei}  yes

[10:20] {KSystems} kick it more

[10:21] {nemo} msft missing 2q profits

[10:22] {dptl} still same stop on gern ? or can we raise it to under .40?

[10:23] {Threei}  matter of taste really...

[10:23] {Threei}  chart wise trailing makes sense

[10:23] {Threei}  and it hit over 1:1

[10:23] {Threei}  the question to answer is,

[10:24] {Threei}  if you trade it like this, why wouldn't you take partial over 1:1?

[10:24] {dptl} i did

[10:24] {Threei}  see what I mean, in terms of structuring the trade?

[10:24] {Threei}  oh, okay then

[10:24] {Threei}  trail by all means

[10:25] {dptl} ok ty

[10:30] {dino} dji lod

[10:30] {Threei}  (CA) BANK OF CANADA MONETARY POLICY REPORT:SEES GDP CONTRACTING BY 2.3% IN Q4

[10:31] {fernp} DBI C?

[10:31] {Threei}  it is... kind of 50/50 though

[10:32] {dino} s/p lod

[10:32] {pita} jbe stt?

[10:33] {Threei}  not really... it's JBE high is 19.50, too far from here

[10:33] {patience} vad, oil numbers soon?

[10:33] {Threei}  2 min

[10:34] {larisa} i heard 11AM, may be mistaken

[10:35] {Threei}  you are right

[10:35] {Threei}  they canged usual time too, not only day

[10:35] {patience} ty

[10:36] {Threei}  BAC

[10:36] {Threei}  CEO LEWIS TO HOLD 'EMERGENCY' MEETING WITH THAIN OVER FUTURE AT FIRM - CNBC'S GASPARINO

[10:36] {Threei}  that's very confidence-inspiring

[10:38] {dino} the future is forward

[10:39] {Threei}  careful dino... title of the master of the obvious is mine, and I will fight for it

[10:41] {dino} lol

[10:41] {cujo} anyone want to contango?

[10:42] {Threei}  I would but I feel awkward moving in backwardation

[10:42] {cujo} ha ha ha

[10:42] {nemo} slow day

[10:44] {magoo} ya think?

[10:45] {nemo} master of the obvious...just call me Howard Cosell

[10:46] {Threei}  STT doesn't drop with market...

[10:46] {Threei}  feel bored mags? STT 19.10 long if stays above 18.90

[10:46] {Threei}  scary as hell

[10:47] {dino} nat sm l .00

[10:50] {Threei}  stop to under 19

[10:50] {magoo} in

[10:51] {Threei}  you know it's a trade against boredom, not for profit, right?

[10:51] {dino} gg stopped

[10:51] {Threei}  half out or scalp into this spike

[10:52] {KSystems} STT out .35

[10:52] {KSystems} thanks Vad

[10:52] {cujo} nice KS

[10:52] {Threei}  sure

[10:52] {KSystems} was on scaringly small shares though

[10:52] {Threei}  hawk... you are last in the list of gamblers who didn''t report

[10:52] {Threei}  anyone else so I keep my list updated?

[10:53] {Threei}  1/4 more out here

[10:53] {Threei}  .43

[10:53] {hawkfan4} lol, passed, but keeping with the gambling theme i'm in drys

[10:53] {Threei}  offering last portion .70

[10:53] {Threei}  okay then, you are forgiven

[10:53] {Threei}  DRYS keeps you in the list

[10:53] {hawkfan4} whew

[10:54] {dptl} offering last portion .70   what stock?

[10:54] {Threei}  STT

[10:55] {dptl} where did you got in?

[10:55] {cujo} i believe it was a 19.10 long set up.  

[10:55] {Threei}  [10:46] {Threei} feel bored mags? STT 19.10 long if stays above 18.90

[10:55] {Threei}  wake up dp

[10:55] {Threei}  of lay off vodka that early

[10:55] {cujo} i didn't play :(

[10:56] {dptl} oh ..missed it somehow...

[10:57] {Threei}  lol, 6 cents shy?

[10:57] {Threei}  topped at .64

[10:57] {dptl} oh ..i see ..i got disconected right at this time.... funny

[10:57] {dptl} [07:51] * Disconnected

[10:57] {dptl} [07:51] * Attempting to rejoin channel #discussions

[10:57] {Threei}  yeah, ping timeout

[10:58] {Threei}  your connection slowed down

[10:58] {dptl} must be that russian tv..

[10:58] {Threei}  that and porn sites will do that

[10:59] {dptl} porn at lunch time only..lol

[10:59] {hawkfan4} lol

[10:59] {nemo} slow day

[11:00] {Threei}  DOE CRUDE: +6.1M V +1.3ME

[11:00] {Threei}  oh boy

[11:00] {Threei}  we are swimming in oil

[11:00] {Threei}  GASOLINE: +6.47M V +1.7ME; DISTILLATES: +790K V 0.0E;

[11:00] {nemo} arket tanking

[11:00] {Threei}  and gasioline

[11:01] {nemo} petrol too

[11:01] {Threei}  USO fell of a cliff

[11:01] {cujo} bounce, or too vol?

[11:02] {Threei}  on USO?

[11:02] {cujo} y

[11:02] {Threei}  I hate it, honestly

[11:02] {cujo} got ya

[11:02] {nemo} honesty?

[11:02] {hawkfan4} it is a nasty one

[11:02] {cujo} the stock, the look or both?

[11:02] {Threei}  stock

[11:02] {Threei}  volatility is incredible

[11:02] {cujo} y

[11:02] {Threei}  sometimes worse thanGOOG

[11:03] {Threei}  can lose your shirt faster than say mama

[11:03] {cujo} or momo

[11:03] {Threei}  or that

[11:03] {nemo} rodina

[11:03] {Threei}  faster than dp switching channels when wife walks in

[11:04] {dino} lol

[11:04] {dptl} lol

[11:04] {dino} and she grabs remote and hits previous

[11:04] {KSystems} wouldnt she walk just in and say "Hey, can WE do that please??"

[11:04] {Threei}  no sane woman will try to take remote from a man

[11:05] {fernp} out C +.10

[11:05] {nemo} my puritanical New England upbringing can't take this

[11:05] {Threei}  sheesh... my memory fades obviously

[11:06] {Threei}  totally forgot of the easiest lay off opil numbers

[11:06] {Threei}  look at UAUA, .70 break with stop under .60

[11:06] {Threei}  was that a given or what

[11:07] {ese} L NITE  .01  full lot

[11:07] {nemo} all that talk about porn

[11:07] {Threei}  good one fern

[11:07] {Threei}  a bit too much work but hey

[11:07] {Threei}  profit is profit

[11:07] {fernp} yes, not too much

[11:08] {fernp} slow day

[11:09] {ese} stop .80

[11:09] {Threei}  you obviously skipped STT :)

[11:09] {Threei}  that's my today's cure for boredom

[11:09] {fernp} yes too dangerous for me :)

[11:09] {Onix} what is happening in our GERN Vad?

[11:10] {nemo} triple bottom?

[11:10] {Threei}  you think I have some other quotes, different from yours? :)

[11:10] {larisa} i am creating my list of sane traders, fern  is N1 :)

[11:10] {cujo} Vad, drys, long set up above .20 cents?

[11:10] {Onix} :D

[11:10] {Threei}  yes

[11:11] {Threei}  STT really wants to hit my .70

[11:11] {fernp} ty larisa :)

[11:11] {cujo} in drys .23

[11:12] {Threei}  direct hit

[11:12] {Threei}  +.59 on the last portion

[11:13] {dptl} stop for drys where?

[11:13] {hawkfan4} Laserdave DCC when u can

[11:13] {Threei}  under 12

[11:13] {dptl} ty

[11:15] {Threei}  US HOUSE SPEAKER PELOSI: AIMING TO PASS A BANKRUPTCY REFORM BILLL AT SOME POINT THIS YEAR

[11:16] {Threei}  for scalpers, stop on DRYS is under .10 actually

[11:16] {magoo} entry was?

[11:16] {Threei}  .20... not so much of a call as answer to the question

[11:16] {Threei}  STT... sheesh

[11:17] {KSystems} half out DRY 1:1

[11:17] {KSystems} drys

[11:17] {magoo} yeah..scalped it

[11:18] {cujo} out +.10

[11:20] {Threei}  my job protecting my prominent position among masters of the obvious becomes tougher by day:

[11:20] {Threei}  (CA) BOC'S CARNEY: FINANCIAL MARKET STABILITY REQUIRED FOR A RECOVERY WORLDWIDE

[11:21] {Threei}  no, really?

[11:21] {hawkfan4} more competition for master of the obvious

[11:21] {elepet} still in gern?

[11:21] {Threei}  and what a strong competition

[11:21] {Threei}  no elepet, stopped

[11:22] {elepet} stopped where?

[11:22] {magoo} rimm bounce toime vad?

[11:23] {Threei}  stop was under .30 from the very beginning of the play

[11:23] {Threei}  those who went for 1:1 partial trailed it to under .40

[11:23] {Threei}  those who held for more, got stopped under .30

[11:24] {Threei}  not sure mags... I would feel more secure on .50 break and drop

[11:26] {Threei}  GEITHNER NOMINATION APPROVED BY SENATE PANEL

[11:28] {ese} out NITE at .16 +.15 full lot bee back in an hour and a bit all

[11:30] {KSystems} out gern...puts me red for the day so far

[11:31] {Threei}  15 cents stop?

[11:31] {Onix} join the club KS

[11:31] {KSystems} yeah, but was my only full lot trade today

[11:34] {Onix} Good call on NITE es:)e 

[11:35] {pita} day job calls, see you all later

[11:36] {Threei}  take care pita

[11:36] {larisa} 8000 again

[11:37] {Threei}  and under

[11:39] {cujo} STT short set up if it breaks 19.60 Vad?

[11:40] {dino}   7936, 1136 (gap on ndx), 804 are lows of week

[11:40] {cujo} stt short if breaks 19.60 vad?

[11:40] {larisa} :)

[11:40] {cujo} sry, repeat.  thought i lost connection

[11:41] {Threei}  too far from there cujo

[11:41] {Threei}  stop would have to be too wide

[11:41] {cujo} ahh, underestood

[11:44] {Threei}  US SEN SCHUMER AND SHELBY SEEKING APPROX $110M TO INCREASE STAFF AT SEC, FBI AND DOJ FOR FRAUD INVESTIGATIONS

[11:45] {larisa} may be train existing ones

[11:45] {Threei}  adding jail capacity too?

[11:45] {nemo} they'll investigate but will they do anything?

[11:55] {Threei}  BAC

[11:55] {Threei}  JOHN THAIN HAS AGREED TO LEAVE THE COMPANY IMMEDIATELY WITH THOMAS MONTAG - CNBC

[11:56] {larisa} his driver is sorry, he had 200K+ salary..

[11:57] {dino} feels like i'm stuck in club dead (dead in dixie)

[11:58] {dino} feels like we break weekly lows

[11:59] {Threei}  YHOO: MSFT CEO: STILL INTERESTED IN DOING A SEARCH DEAL BUT NOTHING HAS CHANGED - CONF CALL

[12:02] {nemo} C&H forming on STT?

[12:03] {Threei}  pretty much... .50 break was long trigger but broke while I typed

[12:03] {dptl} Vad would be luv short at .40 if stays below .50?

[12:03] {nemo} yeah, just as I finished typing...about right for today

[12:04] {Threei}  yes dp

[12:04] {dptl} ty

[12:04] {Threei}  watch STT for sharp pullback for long entry, half lot

[12:04] {Threei}  .50 - .60 area

[12:07] {Threei}  in

[12:07] {KSystems} in

[12:07] {cujo} in .57

[12:08] {Threei}  stop under .40

[12:08] {nemo} lower bb is below .40

[12:08] {magoo} in 52

[12:08] {KSystems} .54 here

[12:09] {KSystems} out half .65

[12:10] {Threei}  come on market, little help?

[12:11] {wishbone} laserdave DCC please

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

[12:13] {Threei}  half out .8

[12:14] {Threei}  stop to under .5

06[12:14] * dino slaps wishbone around a bit with a large trout

[12:14] {Threei}  market spike is coming

[12:15] {Threei}  unless I am totally submerged in wishful thinking

[12:15] {magoo} out 89 beauty vad:)

[12:15] {dptl} out +.30 ty

[12:15] {Threei}  ummm

[12:15] {Threei}  welcome of course

[12:15] {Threei}  but don't call me that

[12:15] {cujo} thanks vad

[12:15] {KSystems} is it done?

[12:15] {cujo} got out on 1:1

[12:15] {Threei}  IMO... no

[12:15] {Threei}  it's bound to break 21

[12:16] {dino} gtxi

[12:16] {Threei}  or wishful thinking again :)

[12:18] {cujo} Vad  UAUA?

[12:18] {Threei}  too late

[12:18] {cujo} yeah

[12:18] {Threei}  not chasing such sharp spikes

[12:18] {cujo} kinda thought i missed the boat

[12:18] {Threei}  (RU) FITCH NOTES RUSSIA'S SOVEREIGN RATINGS COULD BE CUT IF ITS FX RESERVES FALL FURTHER

[12:19] {cujo} BAC?

[12:20] {Threei}  I don't want to touch this POS

[12:20] {Threei}  not with 10 ft pole

[12:20] {cujo} ha ha ha BAC=POS

06[12:25] * Threei kicks STT in the rear with steel-toed heavy duty army boots

[12:25] {magoo} u have some left?

[12:26] {Threei}  just 300

[12:26] {dino} gtxi pain

[12:26] {Threei}  with almost b/e stop and most of profits booked, want to give it some breathing room

[12:26] {Threei}  hmmm... was it rear? or I confused sides

06[12:27] * Threei turns STT over and kicks it again

[12:28] {Threei}  it should wear a pin or something

[12:28] {Threei}  can't tell front from rear

[12:29] {magoo} u have to smell both ends vad

[12:29] {Threei}  sigh

[12:29] {Threei}  advice I get

[12:29] {hawkfan4} lol

[12:29] {Threei}  I would understand this coming from cujo or dawg...

[12:32] {magoo} well mr magoo can't see so well..heightned senses here

[12:34] {Threei}  market picks up

[12:35] {dino} gtxi resistrictions on teremifene cancer drug

[12:36] {Threei}  oh come on STT

[12:36] {magoo} really

[12:36] {Threei}  out 200 more

[12:37] {Threei}  just 100 left, more like a game

[12:37] {Threei}  will it... will it not....

[12:38] {Threei}  nope, not wishful thinking... reality... loud and clear

[12:38] {Threei}  out last shares

[12:38] {Threei}  .25

[12:39] {Threei}  +.70 or something

[12:39] {cujo} nice trade

[12:39] {magoo} out .31 here TY

[12:39] {Threei}  :)

[12:39] {Threei}  ks?

[12:39] {magoo} i reloaded after asked u if u were in

[12:39] {KSystems} scalped at .65 :(

[12:39] {magoo} from .77

[12:40] {magoo} so beauty vad :)

[12:40] {Threei}  sigh

[12:40] {magoo} and u know i said that on purpose

[12:40] {Threei}  I am scared to ask what the purpose is....

[12:41] {Threei}  and if you go to Bahamas, I cancel

[12:42] {magoo} feels like 25 nbext boss

[12:42] {magoo} withh some help

[12:42] {Threei}  25?

[12:42] {magoo} of course

[12:42] {Threei}  it has 22, 23 and 24 before that :)

[12:42] {magoo} oh DUH

[12:42] {magoo} 22

[12:42] {Threei}  lol

[12:43] {Threei}  now... THAT'S wishful thinking

[12:45] {Threei}  and magoo... stop dccing me qith this inquiry, for the 1000th time: I am NOT trading in my tutu

[12:45] {magoo} WHAAAA???

[12:45] {dino} nasty that you even have one

[12:46] {cujo} what is tutu?

[12:46] {magoo} whats a tutru?

[12:46] {Threei}  I don't dino... someone left it after hawaiian party

[12:46] {cujo} ohh skirt.

[12:46] {Threei}  grass skirt

[12:47] {dino} denial is a river in egypt

[12:47] {KSystems} oh the one you're always trading with?

[12:47] {Threei}  sigh

[12:47] {Threei}  abuse I take

[12:47] {patience} toile vad, not grass

[12:47] {Threei}  I don't even know what toile is

[12:48] {hawkfan4} sounds like French for toilet

[12:48] {Threei}  lol

[12:48] {Threei}  did I start all this?

[12:48] {hawkfan4} u did

[12:48] {patience} damn, on the treadmill and slw jumping, gotta scalp it

[12:48] {Threei}  nah, must be magoo's fault

[12:49] {hawkfan4} GS, finnies rallying a bit

[12:49] {dino} the problems patience must deal with

[12:49] {Threei}  STT really wants 22

[12:49] {magoo} out STT .57 gfrom .20

[12:50] {Threei}  wtg mags

[12:50] {ese} YO!   am back for a bit

[12:50] {Threei}  wb ese

[12:50] {dptl} in.21 out .61 stt

[12:50] {Threei}  dp :)

[12:51] {Threei}  this is kind of things giving me the most moral satisfaction... you guys seeing these setups and taking them on your own

[12:51] {magoo} beat me dpp:)

[12:52] {Threei}  if only magoo stopped asking me for a photo of me in tutu...

[12:53] {magoo} WHA THEEEEEE??

[12:55] {Threei}  'ally

[12:55] {Threei}  well... 15 points NQ...

[12:55] {Threei}  not 'eally 'ally

[12:56] {Threei}  but these days I'll take even that

[12:56] {Threei}  endless selling pressure is tiresome

[12:59] {magoo} brb

[13:03] {Threei}  while there are no clear trades,

[13:04] {Threei}  I decided to try and make a very banal photo, with high degree of platitude

[13:04] {Threei}  http://www.flickr.com/photos/36948132@N00/3217633575/

[13:04] {Threei}  succeeded?

[13:04] {nemo} {&Threei}  if only magoo stopped asking me for a photo of me in tutu...

[13:04] {Threei}  no, not that

[13:04] {nemo} you mean you have one?  scares me more?

[13:06] {nemo} phewww...you take that?

[13:06] {Threei}  yes... who else

[13:06] {nemo} what kind of guitar?

[13:07] {Threei}  hmmm... what kinds are there?? :)

[13:07] {nemo} Martin Dreadnought?

[13:08] {Threei}  you'd have to ask my son... it's his

[13:08] {hawkfan4} i have that Nemo

[13:08] {nemo} you have a dreadnought hawk?

[13:08] {hawkfan4} yep

[13:08] {nemo} kewl...

[13:09] {nemo} the stradivarius of guitars

[13:09] {fernp} I like the photo, Vad

[13:09] {nemo} yeah, makes me think flamenco for some reason

[13:10] {Threei}  ty fern... technically, it's good... theme is... ummm... :)

[13:10] {nemo} oh, shipped those Butchard pictures around to oohhs and ahhhs

[13:10] {fernp} Did you use photoshop? ...Probably yes :)

[13:11] {Threei}  sure

[13:11] {Threei}  isolation on white

[13:11] {Threei}  some cleanup of the glossy deck wqhich always has some fingerprints on it

[13:11] {fernp} nice result

[13:14] {Threei}  NQ looks like dropping to 1150 before bouncing... which gives us RIMM roughly 51.50 area for bounce scalp

[13:16] {nemo} stt setting up again?  

[13:16] {Threei}  I am not sure about it... could bounce, could drop...

[13:17] {nemo} definite maybe...

[13:17] {Threei}  I would prefer much deeper pullback before getting interested again

[13:18] {nemo} ty

[13:18] {Threei}  notice how it lost connection with market

[13:18] {Threei}  while it moved in unison, wqe had a leading indicator for it

[13:19] {Threei}  now that it started ticking on its own merit, the only conclusion I can make is, it's tired, needs fresh influx of buyers, and deep pullback is the only way to create just that

[13:20] {Threei}  more accurate would to say: the only way tbhat I could read

[13:20] {Threei}  DRYS

[13:20] {Threei}  HEARING JEFFERIES REITERATE BUY RATING (TIMING UNCERTAIN)

[13:20] {Threei}  Jefferies stuck from 70s?

[13:21] {Threei}  my sympathies... but I am not in a hurry to bail them out

[13:22] {magoo} back

[13:24] {hawkfan4} lol, dueling analysts : 13:20   DRYS DryShips: Hearing DRYS downgraded to Sell at Cantor  (39.71 -0.33)  -Update-

[13:24] {Threei}  Cantor shorted at 4?

[13:25] {Threei}  lok how willing STT is

[13:37] {hawkfan4} GS nice consolidation

[13:40] {Threei}  STT

[13:40] {magoo} nice alert hawk

[13:40] {magoo} caugt .50

[13:40] {Threei}  21 break half lot if holding .85

[13:40] {KSystems} in

[13:40] {magoo} out here .98

[13:40] {hawkfan4} nice mags, .47

[13:40] {magoo} ty bro

[13:41] {hawkfan4} :) cool

[13:41] {Threei}  1:1 in a hurry

[13:41] {Threei}  wow, nice catch GS guys

[13:42] {KSystems} STT just a scalp?

[13:42] {Threei}  1:2

[13:42] {Threei}  just take profit

[13:43] {cujo} nice call vad

[13:43] {cujo} thanks

[13:43] {Threei}  lunch time money

[13:43] {cujo} ;)

[13:43] {Threei}  GTXI

[13:43] {Threei}  HEARING DEFENDED AT WACHOVIA (TIMING UNCERTAIN)

[13:44] {cujo} Hawk, nice GS call.

[13:44] {hawkfan4} thx cujo

[13:46] {magoo} we got a dawg, a hawk, allz we need in room is a beaver '

[13:46] {dawg} lol

[13:47] {Threei}  don't forget camelot

[13:47] {Threei}  cujo is not for faint heart either

[13:47] {KSystems} STT out .17 and .30

[13:47] {cujo} ;)

[13:47] {Threei}  wtg ks

[13:47] {KSystems} thank you :)

[13:47] {cujo} nice KS

[13:48] {dptl} in.17 out.46 stt

[13:48] {Threei}  on retracement?

[13:48] {dptl} yep

[13:49] {Threei}  :)

[13:49] {hawkfan4} out GS .81, +1.34

[13:49] {Threei}  wow

[13:49] {cujo} nice!!!

[13:49] {hawkfan4} lucky, sat thru a big retrace

[13:49] {patience} very nice hawk

[13:49] {hawkfan4} thx :)

[13:50] {dptl} nice...beer is on you Hawk :)

[13:50] {cujo} that would have driven me nuts

[13:50] {hawkfan4} lol, only if i spill

[13:52] {Threei}  with any more help from market STT aims for 22

[13:53] {Threei}  .65 big offer to take

[13:53] {Threei}  MSFT

[13:53] {Threei}  CFO: AIMS TO INCREASE STAFFING IN SEARCH, MOBILE PHONE SOFTWARE, CLOUD COMPUTING

[13:53] {Threei}  - expects some executives to leave the company, won't specify who; some projects will be canceled

[13:53] {Threei}  wow... MSFT is reinventing itself

[13:54] {Threei}  setups is structuring itself practically

[13:54] {Threei}  .50 - .65 STT

[13:55] {Threei}  with .65 being a trigger

[13:55] {Threei}  invalidated

[13:55] {Threei}  for now

[13:58] {Threei}  watch RIMM too, pullback entry under .50

[13:58] {Threei}  in synch with NQ

[14:00] {magoo} i hit .64

[14:00] {magoo} mkt started up

[14:00] {Threei}  on RIMM?

[14:00] {magoo} yup

[14:00] {Threei}  stop under .50 then

[14:00] {Threei}  PRESIDENT OBAMA AID: PRESIDENT TO MAKE DECISION ON A LARGER ECONOMIC PACKAGE SOON

[14:01] {Threei}  STT changes on the go... better play is aggressive entry if market spikes

[14:02] {Threei}  took .46

[14:02] {magoo} .50 here

[14:02] {Threei}  things are fast and furious

[14:02] {Threei}  half out .65

[14:03] {magoo} out .88 TY

[14:03] {Threei}  welcome

[14:03] {Threei}  half out RIMM

[14:03] {Threei}  or scalp

[14:04] {magoo} scalpin

[14:04] {magoo} out 99

[14:04] {magoo} ty both

[14:04] {magoo} u beatuful

[14:04] {Threei}  eeck

[14:04] {Threei}  definitely tell me if you plan to attend Bahamas

[14:05] {Threei}  STT pulled back right into .50 support

[14:05] {magoo} WOW i got 88 on stt..was laid out there

[14:05] {magoo} look top

[14:06] {magoo} no speedo on u alease

[14:06] {nemo} too visceral mags

[14:06] {Threei}  I'll make sure to wear knight armor if you go

[14:06] {nemo} tutu

[14:06] {Threei}  alternatively, I'll change destination to Antarctica

[14:06] {nemo} shrivel effect

[14:08] {Threei}  .50 break again

[14:08] {Threei}  break only

[14:08] {nemo} on STT?

[14:08] {Threei}  yes

[14:08] {Threei}  stp .35

[14:08] {Threei}  stop

[14:09] {nemo} half or full

[14:09] {Threei}  depends on your risk tolerance and execution speed

[14:09] {Threei}  fast stock

[14:09] {nemo} slow nemo

[14:10] {Threei}  need .50 seller to get cleared

[14:10] {magoo} mkt pulkking back too

[14:10] {Threei}  yes, but STT is holding close to resistance

[14:11] {Threei}  so still good for break

[14:11] {nemo} is that a cross between pulling and puking mags?

[14:11] {magoo} roflol

[14:12] {KSystems} in STT

[14:12] {Threei}  give up already ARCA

[14:12] {Threei}  break only KS

[14:13] {magoo} in

[14:13] {Threei}  sheesh... now .55 seller to clear

[14:13] {dptl} oh look at .55 offer

[14:13] {cujo} in.55

[14:14] {ese} off to give an exam.....see ya tomorow....anybody want to take my math exam ehhhhhhhh?

[14:14] {Threei}  big offers get taken

[14:14] {cujo} stopped

[14:14] {Threei}  hope buyers don't run out of juice prematurely

[14:14] {Threei}  why stopped?

[14:14] {Threei}  never lost support

[14:15] {Threei}  only touched it very briefly

[14:15] {cujo} had stop at .35

[14:15] {Threei}  auto?

[14:15] {cujo} what level should it have ben at?

[14:15] {cujo} manual

[14:15] {cujo} too close?

[14:15] {Threei}  now it's stopped

[14:15] {Threei}  let's let it chill out a bit

[14:16] {nemo} glad I missed it

[14:16] {Threei}  it can't decide wither it's coming or going

[14:16] {nemo} it's been going a long time

[14:16] {nemo} big offer at .49

[14:18] {nemo} whoa blasted through

[14:18] {Threei}  hard to read this

[14:19] {dino} ndx green

[14:19] {nemo} looks like the final stages of..ahhh...eh..mmmm.intimacy, yeah, intimacy.

[14:22] {magoo} pretty good turn around from 266 down

[14:22] {Threei}  does it quite often lately

[14:23] {Threei}  frightening drop, then stunning recovery

[14:23] {hawkfan4} it's the DRYS of the financials

[14:24] {Threei}  lol

[14:25] {Threei}  CA) CANADIAN PM AIDE: DEFICIT TO BE APPROX C$34B IN 2009, DEBT/GDP RATIO FORECASTED AT 28% IN 2010

[14:27] {magoo} 22 comith..but risky

[14:33] {wishbone} .

[14:33] {nemo} ?

[14:33] {magoo} ..

[14:34] {Threei}  poor chaeron

[14:34] {Threei}  he sweeps the floor after hours

[14:34] {nemo} I thought he pilote the boat

[14:34] {nemo} piloted

[14:34] {Threei}  he is multitasking

[14:35] {nemo} RIMM?

[14:35] {nemo} too late

[14:37] {Threei}  .60 break STT

[14:37] {Threei}  ughh'

[14:37] {Threei}  late

[14:38] {magoo} missed that one

[14:38] {nemo} you need voice activated typing

[14:38] {nemo} that understands ukranian accent

[14:38] {Threei}  YHOO

[14:38] {Threei}  SUSPENDS ANNUAL PAY RAISES FOR ALL WORKERS - CNBC

[14:39] {nemo} pink slips next

[14:40] {cujo} any trade if drys pulls back?

[14:40] {Threei}  nah

[14:40] {Threei}  DRYS has no mojo today

[14:41] {Threei}  US) REPORTEDLY US HOUSE PANEL HAS APPROVED $3B IN INTERNET SPENDING AS PART OF STIMULUS BILL

[14:41] {Threei}  what does that mean?

[14:42] {hawkfan4} for porn sites

[14:42] {Threei}  oh

[14:42] {hawkfan4} :)

[14:42] {nemo} infrastructure improvement

[14:42] {cosmo} education

[14:42] {Threei}  porn ed?

[14:43] {nemo} I refrained

[14:44] {cosmo} me too

[14:45] {wishbone} what's porn?

[14:45] {Threei}  I wondered myself

[14:45] {cosmo} 101

[14:45] {wishbone} it won't come up in my charts

[14:46] {wishbone} haha lol

[14:46] {KSystems} ok we need a CEO with guts...

[14:46] {nemo} we need adult supervision

[14:46] {cosmo} from space

[14:46] {wishbone} looks like it nemo

[14:48] {magoo} he he..yeah symbol porn

[14:48] {larisa} not all the way to 8000 please

[14:49] {nemo} Larisa or Patience have to step up and take control

[14:50] {magoo} about an 80 point drop here dow

[14:50] {Threei}  nice STT dump

[14:50] {nemo} RIMM too

[14:51] {larisa} nemo, if I kill your demons, your angels will die too, so just try not to be too .. bad ? :) 

[14:52] {Threei}  that's deep

[14:52] {larisa} very

[14:52] {nemo} not many would answer that way...interesting

[14:55] {wishbone} deep thought: If you drop your keys in a river of molten lava..........kiss them goodbye, cause man.....they're gone!

[14:56] {Threei}  wow... this is just a wisdom overboard today here

[14:56] {nemo} yeah one-eyed people in the kingdom of the blind.

[14:56] {Threei}  I feel grossly inadequate

[14:56] {hawkfan4} lol wish

[14:56] {magoo} just remember...early bird gets the worm...BUT second mouse gets the cheese

[14:57] {nemo} first mouse gets the trap...

[14:57] {Threei}  lol

[14:57] {nemo} Actually, had major problems with mice eating the cheese without tripping the traps.  Had to balance one corner on a stack of pennies...that did it.

[14:58] {patience} double bottom on slw, we'll see if it bounces up

[14:58] {cosmo} so ... it would be better to come back as a bird?

[14:59] {Raven} {}

[14:59] {nemo} yeah, see the world as targets, cosmo.

[14:59] {Threei}  why would you want to come back at all

[14:59] {Raven} to turn out the lights?

[15:00] {Threei}  I'd just flip the switch on exit

[15:00] {Raven} plan ahead

[15:01] {cosmo} i'll take mine with me

[15:01] {Threei}  switch?

[15:01] {cosmo} lights

[15:01] {dptl} lol..you guys....

[15:04] {magoo} big night tonight...GOOG reports

[15:04] {magoo} usually swings 40 points...no kidding

[15:05] {larisa} magoo, did you uplay AAPL yest ?

[15:06] {larisa} after close I mean

[15:06] {magoo} no...i usually do...but could not get a feel for it

[15:06] {larisa} k

[15:06] {magoo} i was off yesterday..remember all my complaining he he

[15:07] {dino} bmrn

[15:07] {Threei}  GOLDMAN SACHS SUGGESTS US TREASURY MAY NEED TO BORROW UP TO $2.5T

[15:07] {nemo} FROM WHOM!!!???

[15:07] {Onix} from whom?

[15:07] {nemo} too funny

[15:08] {nemo} actually...not funny

[15:08] {Onix} great minds think alike :D

[15:09] {nemo} or require institutionalization

[15:09] {hawkfan4} looks like Cantor won the battle of the analysts on DRYS

[15:09] {Onix} :)

[15:09] {Threei}  lol

[15:10] {tomg} ebay short setup, vad?

[15:11] {Threei}  I wouldn't tom... it's locked in too narrow range

[15:11] {tomg} ty

[15:11] {Threei}  just cvan't tell whether it breaks for real if does, or immediately snaps back into range

[15:12] {Threei}  serious dump DRYS

[15:12] {tomg} yeah, i was thinking at about .70

[15:12] {cujo} what about long MSFT if holds .23?

[15:13] {Threei}  I hate MSFT

[15:13] {cujo} i ahve an ability to pick stocks you hate ;)

[15:14] {Threei}  wow

[15:14] {Threei}  DRYS is getting a bit overdone

[15:15] {Threei}  poor jefferies

[15:16] {dptl} have a good evening all

[15:16] {Threei}  take care dp

[15:16] {hawkfan4} u2 dp

[15:16] {magoo} STT held remarkably well

[15:16] {dino} cya dp

[15:16] {wishbone} take care dp

[15:16] {cujo} drys still on the move

[15:16] {KSystems} drys more blood ...

[15:16] {magoo} bye dp

[15:17] {Threei}  panic

[15:17] {cujo} next support 9.40?

[15:19] {Threei}  .40 break if holding .25

[15:19] {Threei}  half lot naturally

[15:20] {magoo} out ,50 TY

[15:21] {magoo} i was skeered

[15:21] {cujo} know that feeling

[15:23] {Threei}  half out .70

[15:24] {KSystems} partialed out half at .55, quart at .70

[15:24] {Threei}  :)

[15:24] {KSystems} rest out

[15:25] {KSystems} in the past i let profit evaporate too easily i guess

[15:25] {KSystems} expensive mistakes that were

[15:25] {Threei}  missed STT dive under 21

[15:28] {Threei}  CHRYSLER TO ANNOUNCE "MAJOR NEW INSCENTIVES" TO BOOST SALES - WSJ

[15:28] {Threei}  nope... still Nissan here

[15:30] {Threei}  1/4 more out .77

[15:30] {Threei}  wow

[15:30] {Threei}  UAUA

[15:31] {Threei}  what happened there?

[15:32] {hawkfan4} don't see news

[15:33] {Threei}  neither do I

[15:33] {Threei}  and it's not like USO did something particularly remarkable last 20 min

[15:36] {Threei}  .60 break DRYS isd gholding .50

[15:36] {Threei}  if

[15:38] {KSystems} probably not...

[15:38] {Threei}  changes to .40 - .50 rather

[15:38] {KSystems} .50 break?

[15:39] {Threei}  noty holding .40 anyway

[15:40] {cujo} missed STT 20.90

[15:40] {dino} 3:40

[15:41] {magoo} oh oh 3:540

[15:42] {dino} 50 pts so far

[15:43] {Threei}  gotta keep an eye on UAUA... maybe getting its mojo back

[15:44] {dino} 60

[15:45] {Threei}  no way to alert in time but if you got the idea of the play, you would take .40 break on DRYS with stop under .30

[15:45] {Threei}  had big offer there too

[15:45] {wishbone} bye all

[15:45] {Threei}  take care wish

[15:47] {dino} 75

[15:47] {magoo} vad..u taking 500 shares goog here into call?

[15:47] {Threei}  huh?

[15:48] {Threei}  I am not eve putting it on my screen

[15:48] {magoo} come on..u gotta watch

[15:49] {cujo} the guy behind me is trading it.. 

[15:50] {Threei}  I am afraid even to ask where you are

[15:50] {Threei}  I mean I am not sure I want to know

[15:50] {cujo} ha ha ha

[15:50] {cujo} not that exciting of place. 

[15:50] {cujo} unfort

[15:51] {Threei}  ummm

[15:51] {cujo} come on drys

[15:51] {Threei}  place where people trade GOOG can't be not that exciting

[15:51] {Threei}  monitors flyiong... walls splashed with ink and blood of sacrificed chicken...

[15:51] {cujo} ha ha ha

[15:52] {Threei}  windows regularly broken by bodies

[15:52] {cosmo} sounds like a goog evening

[15:53] {Threei}  another day in the office

[15:53] {Threei}  successfully cujo?

[15:53] {cujo} ehh 50/50

[15:53] {cujo} him or me?

[15:53] {Threei}  him

[15:53] {Threei}  unless you trade GOOG too

[15:54] {cujo} nah

[15:54] {Threei}  ummm... why then

[15:54] {cujo} he is ok

[15:54] {Threei}  ah, OK

[15:54] {cujo} i don't trade it

[15:54] {KSystems} Vad taking the risk that my question sounds funny, is GOOG so much different from "ours" if you just watch trading size?

[15:54] {Threei}  it is

[15:54] {Threei}  watch it trading

[15:54] {Threei}  you'll see

[15:54] {KSystems} ok

[15:54] {Threei}  even with 100 shares you can get get hurt beyong recxognition in not time

[15:55] {magoo} me and laser used to bang on GOOG

[15:55] {Threei}  hmmm

[15:55] {Threei}  isn't it very private information, between you and laser

[15:57] {magoo} sorry i guess..not really anything specific given there

[15:58] {Threei}  does it usually announce right after?

[15:58] {Threei}  or I have to wait 30 minutes again?

[15:58] {magoo} yeah

[15:58] {magoo} 40 points just no way of knowing which way

[15:58] {hawkfan4} i think goog is right away

[15:58] {magoo} i believe it is too 

[15:59] {magoo} yesterday i guessed UP aapl

[15:59] {magoo} i think UP gun to head..not trading it

[15:59] {Threei}  shortable

[15:59] {Threei}  so can play both ways

[16:00] {magoo} prob w/GOOG is its up 20+ points from yesterday already

[16:00] {fernp} good evening all

[16:01] {Threei}  take care fern

[16:01] {Threei}  well

[16:01] {Threei}  let's watch

[16:01] {magoo} up 21

[16:01] {Threei}  REPORTS Q4 $5.10 V $4.95E, R$ (EX-TAC) V $4.11BE

[16:02] {Threei}  lol

[16:02] {Threei}  I just made 500 bucks on GOOG magoo

[16:02] {Threei}  this is your fault

[16:02] {cujo} nice

[16:02] {Threei}  315 in

[16:02] {cujo} ha ha ha

[16:02] {Threei}  319.99 out

[16:02] {Threei}  100 shares

06[16:03] * magoo slaps &Threei around a bit with a large roll of cash

[16:03] {cujo} are you really in good?

[16:03] {cujo} goog

[16:03] {Threei}  [16:02] {Threei} 315 in

[16:03] {Threei}  [16:02] {Threei} 319.99 out

[16:03] {hawkfan4} nice vad

[16:03] {cujo} nice

[16:03] {Threei}  so not in anymore

[16:03] {magoo} u DOG

[16:03] {cujo} got ya

[16:04] {Threei}  what a pure gambling

[16:04] {Threei}  look at it tanking

[16:04] {Threei}  could do that just as easily with me onboard

[16:04] {magoo} i saw 325

[16:04] {nemo} whoa...guess you'll have to inclue yourself in the group.huh vad

[16:04] {Threei}  yes, but I bought on pullback, after that

[16:04] {larisa} what for ? :)

[16:05] {Threei}  that completed very good day

[16:05] {Threei}  making if very very good

[16:05] {cujo} yeah, thanks again Vad.  See you tomorrow. 

[16:05] {Threei}  thank you all

[16:05] {larisa} later guys :)

[16:05] {Threei}  have a great evening

[16:05] {Threei}  see you tomorrow

[16:05] {nemo} How's the arm

[16:05] {KSystems} Thank you :) I will miss first few hours tomorrow

[16:05] {hawkfan4} u2

[16:05] {magoo} u topo vad

[16:05] {KSystems} join you later then

[16:05] {Threei}  thank you nemo, just fine

[16:05] {magoo} too

[16:05] {Threei}  I exercise it regularly

[16:06] {Threei}  ok KS

[16:06] {Threei}  we will miss you

[16:06] {KSystems} lol

[16:06] {KSystems} that i doubt

[16:06] {Threei}  I promise

Jan 21 2009

Lukewarm start of the day (4 trades, 2 wins 2 stops) was sudden;y followed by a very strong performance. Some of usual suspects (DRYS is impossible to omit) plus some unlikely trading candidates like STT made the day nicely profitable.

 

Session Time: Wed Jan 21 00:00:00 2009

[08:00] {cujo} good morning all. 

[08:11] {Threei}  good morning

[08:12] {cujo} morning

[08:14] {magoo} morning

[08:15] {Threei}  cujo, magoo :)

[08:17] {Threei}  BALTIC DRY BULK INDEX +3.2%, A SECOND STRAIGHT ADVANCE

[08:21] {nemo} Gruestig, mornin'

[08:21] {Threei}  nemo :)

[08:22] {magoo} just missed drus move

[08:22] {nemo} look @ stt

[08:22] {magoo} i believe AAPL after bell ...any other biggies vad?

[08:22] {magoo} what about STT?

[08:23] {nemo} DCB from yesterday's debacle

[08:23] {Threei}  01/21/09 01:25am

[08:23] {Threei}  [STT] State Street Corp "Heard on the Street" looks at STT's bond-related losses and capital levels

[08:24] {Threei}  - The article comments on STT's higher than expected losses. The company had mark-market losses of $6.3B in Q4, which was well above Morgan Stanley's estimate. In addition, STT reported higher paper losses on its bond holdings.

[08:24] {Threei}  - Citigroup and JP Morgan also reported large paper bond losses in Q4. The system-wide bond losses by banks could show that there is a lack of appetite for certain types of bonds, such as corporate bonds.

[08:24] {Threei}  - WSJ notes that Obama's administration may have to increase the Fed's commitments to buy bonds and possible expand the types of bonds that the Fed can buy.

[08:24] {Threei}  - With respect to State Street's capital levels, the company has a Tier 1 capital ratio of 20.5%, but its tangible common equity as a percentage of tangible assets, including off-balance sheet vehicles, is 1.05% of assets.

[08:26] {patience} gm RT

[08:26] {Threei}  patience :)

[08:26] {larisa} good morning :)

[08:27] {Threei}  latisa :)

[08:27] {Threei}  ummm

[08:27] {Threei}  t=r

[08:27] {Threei}  I guess

[08:27] {elepet} good morning to all.

[08:27] {Threei}  elepet :)

[08:27] {larisa} threei, elepet :)

[08:28] {elepet} I figured out what 1:1 means. slowly learning. What is link to Baltic dry bulk index?

[08:29] {Threei}  link?

[08:29] {Threei}  I don't think there is any

[08:29] {Threei}  at list not real time

[08:30] {Threei}  or you mean explanation what it is?

[08:31] {elepet} so how do you find out information? I think you once mentioned it here. I did find out what it is.

[08:31] {Threei}  I have real time news feed

[08:41] {KSystems} elepet you may find a good explanation of what the Baltic Dry Index is at http://en.wikipedia.org/wiki/Baltic_Dry_Index

[08:44] {pita} Hello everyone, been awhile since I visited.....

[08:44] {Threei}  hi pita, welcome back

[08:44] {cujo} hello

[08:45] {pita} hi cujo, ty Vad

[08:49] {hawkfan4} good morning all

[08:49] {Threei}  hawk :)

[08:51] {magoo} anyone know who of significance reports after bell ? i believe AAPL

[08:52] {elepet} I did that already. have a list of others besides drys and am holding one or two for medium long term. 

[08:52] {Threei}  EBAY mags

[08:53] {pita} AAPL at 4:30 est, I believe

[08:54] {cujo} http://biz.yahoo.com/research/earncal/20090121.html

[08:54] {magoo} AAPL always good for 20 point move

[08:54] {cujo} I use Yahoo for earnings Cal.  Not sure if it is what you are looking for. 

[08:54] {magoo} never know which way tho

[08:54] {magoo} IBM went up 5 last nite

[08:55] {magoo} dow been down last 9 of 10 correct?

[08:56] {elepet} SST  pre market. up quite a bit.

[08:56] {magoo} TY btw 

[08:57] {nemo} stt (echo,echo,echo)

[08:58] {magoo} if OIF we are to move up today...GS is the mkt tell

[08:58] {elepet} oh yes. not typing so good this morning. pretty early.

[08:59] {Threei}  PALM is trying to chew through 8 time and again

[09:00] {magoo} 8.30 arra turned it back 2 sessions ago i believe

[09:00] {KSystems} Good morning!

[09:01] {nemo} Gruess Gott Herrn K!

[09:04] {Threei}  ks :)

[09:07] {dptl} gm all

[09:07] {Threei}  dp :)

[09:07] {gen} gm all

[09:07] {Threei}  gen :)

[09:08] {Onix} gm all

[09:09] {Threei}  onix :)

[09:09] {KSystems} nemo how's your trouting?

[09:09] {KSystems} did it work?

[09:09] {nemo} nope

[09:10] {Threei}  I guess someone up there doesn't want you to be armed

[09:10] {nemo} I reinstalled the whole shbang.  nuttin'  Leaves me kinda empty. :(

[09:10] {nemo} I'll settle for coffers full of money

[09:11] {fernp} Hello everybody

[09:11] {Threei}  fern :)

[09:11] {magoo} so u are vulnerable nemo?

[09:11] {Threei}  nemo... duck

06[09:12] * magoo slaps nemo around a bit with a large big grinn knowing retaliation not an option

[09:12] {ese} morning.....

[09:12] {Threei}  ese :)

[09:12] {Threei}  gen... dcc please

[09:13] {nemo} I use a Nightforce magoo and practice at 1000 yds.

[09:14] {nemo} Well, not in all this snow

[09:15] {Threei}  yesterday's high is 14.05 for DRYS

[09:16] {Threei}  on some openings it rallies like crazy, on some it makes a steep pullback, then big bounce

[09:17] {Threei}  can't really tell which scenario develops today... I would love big pullback

[09:17] {Threei}  over last week or so it pulled back from 17+ highs on decreasing volume, looks like bull flag on daily

[09:18] {Threei}  but the gap is already too big

[09:18] {Threei}  so, most likely let's go with pullback scenario and try to catch it if materializes

[09:19] {Threei}  if no pullback, let's watch for opening range break

[09:20] {cujo} what price would signal a pullback?  around 13.95 on increasing vol?

[09:20] {Threei}  that's a bit too shallow for a pullback

[09:21] {Threei}  if 13.95 is all it can do on the downside, than opening range break is the way to go

[09:21] {cujo} ok, keeping eyes open. 

[09:21] {cosmo} PALM

[09:21] {cosmo} tests

[09:22] {dino} gm

[09:23] {magoo} on drys..it should hit 15 if breaks up..psattern is to run much farther than scalp

[09:23] {Threei}  dino :)

[09:23] {Threei}  very true mags

[09:24] {Threei}  PALM... .30 - .40 zone is highs of two days

[09:25] {Threei}  usually it forms nice solid consolidation before break and run

[09:25] {cosmo} including open breaks?

[09:25] {Threei}  so, if this one wants to continue its rally, I would think we will have enough of advance warning

[09:26] {Threei}  not sure cosmo, did't track open breaks on it

[09:26] {cosmo} seems like its been years...

[09:28] {Raven} it has ...

[09:29] {Threei}  lol

[09:30] {cujo} Drys moving lower

[09:30] {Threei}  13.60 or so, I am interested in pullback

[09:31] {Threei} Long Setup:  PALM  8 break if holding above 7.85

[09:31] {Threei}  scalpers can keep stop under .90

[09:31] {KSystems} in

[09:31] {fernp} in

[09:31] {magoo} in

[09:33] {cujo} in

[09:33] {Threei}  stop to under .90 in any case

[09:33] {elepet} in

[09:34] {Threei}  8.05 becomes critical level

[09:35] {Threei}  no worky

[09:35] {KSystems} out

[09:35] {fernp} stopped

[09:35] {cujo} stopped

[09:36] {Onix} what you ean by 8.05 is critical level on PALM Vad?

[09:36] {Threei}  it tested it twice

[09:37] {Threei}  became a resistance defining the future of the trade

[09:37] {ese} bstop WGOV. 24.50 1/2

[09:38] {Onix} ty

[09:38] {Threei}  DRYS losing support

[09:41] {ese} wgov  invalidated

[09:45] {ese} HBHC dino?

[09:45] {Threei} Long Setup:  DRYS  .65 break half lot if stays above .50

[09:45] {magoo} any read RIMM ?

[09:45] {KSystems} in

[09:46] {Threei}  RIMM, want deeper pullback

[09:48] {Threei}  DRYS 1 cent shy of 1:1? come on

[09:52] {Threei}  DRYS over 1:1

[09:53] {dino} hbhc blood

[09:53] {KSystems} half out .81

[09:53] {Threei}  stop to under .60

[09:54] {Threei}  and try to exit second half around 14

[09:54] {Threei}  offer .96 - .97

[09:54] {Threei}  out

[09:55] {Threei}  ks?

[09:55] {KSystems} DRYS - in .66 - out 1/2 .81 - out rest .97

[09:55] {Threei}  good

[09:55] {Threei}  between PALM and DRYS, we may have stayed in bed just as well {G}

[09:56] {ese} l hbhc .75

[09:56] {ese}  1/2

[09:56] {ese} sorry thats 25.78

[09:57] {ese} out .12 

[09:57] {ese} +.34

[09:58] {ese} dino your my idol man!!

[09:59] {Onix} ty Vad, i got 30c in DRYS

[09:59] {ese} went long after that first reversal on 1min chart high was .76 got .78....you live a dangerous life though

[09:59] {Threei}  :)

[09:59] {Threei}  nice one ese

[10:00] {magoo} is there a breakout play DRYS?

[10:00] {Threei}  14 break is obvious setup on it

[10:00] {Threei}  hate the way it pulls back though

[10:01] {Threei}  it's usually fine when there is a real momop

[10:01] {Threei}  momo

[10:01] {Threei}  but it's a bit labored today

[10:02] {nemo} stt 

[10:02] {dino} gj es

[10:04] {ese} tks dino

[10:04] {dino} idcc

[10:05] {ese} indeed

[10:05] {ese} where....

[10:05] {Threei}  GE

[10:05] {Threei}  MOVES BELOW NOVEMBER LOW TO TRADE AT LEVELS NOT SEEN SINCE 1996

[10:06] {Threei}  no kidding

[10:06] {ese} and thats a pretty solid company

[10:07] {Threei}  ok... if DRYS is not losing .85 anymore, 14 break become more palatable

[10:07] {Threei}  (not less scary, mind you)

[10:08] {ese} thats a 10 month high on IDCC also dino

[10:08] {Threei}  invalidated

[10:08] {Threei}  kind of relief, to say honestly :)

[10:08] {Threei}  didn't feel easy about that break

[10:08] {Threei}  RIMM is holding interestingly strong on this market pullback

[10:09] {nemo} is that an unequivocal maybe?

[10:09] {Threei}  you lost me right after "is"

[10:10] {Threei}  hey, Geithner paid his taxes

[10:10] {Threei}  how nice of him

[10:10] {nemo} poor sense of humor-me

[10:11] {Threei}  no clear setup on RIMM

[10:11] {Threei}  a bit listless chart

[10:12] {ese} arghhhhh...wasn't paying attention WGOV missed 24,50 

[10:13] {ese} ah well...more where that came from

[10:13] {fernp} QCOR holding. Any read, Vad?

[10:14] {Onix} stoppe in PALM, thought the 7.70 would hold it

[10:14] {Threei}  chart looks right fern... it's volume that I hate

[10:15] {Threei}  trades by appointment

[10:15] {fernp} Yes, I see. ty

[10:15] {Threei}  PALM is losing will to live Onix, leave it well alone for now

[10:16] {Threei}  couldn't even stage a decent bounce when market made new highs

[10:16] {Onix} for sure!

[10:19] {ese} L hbhc again .38

[10:20] {ese}  1/2

[10:21] {Threei} Long Setup:  PLD  .40 break half lot

[10:21] {ese} out .57

[10:21] {Threei}  if sets up from here, stop is under .30

[10:21] {Threei}  .20 invalidating level

[10:22] {ese} weird fill +.19

[10:22] {ese} was showing .42

[10:22] {Threei}  aggressive entry is probably a good idea if cmes closer to .20

[10:23] {ese} WGOV.....nice move after .50 breakout

[10:23] {Threei}  pretty much a market follower so keep an eye on the broader market totime it

[10:23] {ese} almost up 1 pt

[10:26] {ese} speaking of weird fills vad....was watching time a sales  and didn't even see .57...how does a broker do that without posting on the time and sales ...in house?  cand they do that

[10:26] {fernp} invalidated or good moment to jump in w/stop under 11.00?

[10:26] {Threei}  to me, feels right for entry fern

[10:26] {fernp} ok, in

[10:26] {Threei}  on what ese?

[10:27] {ese} hbhc ....my last rade

[10:27] {ese} fill on my 1/2 ;ot was .57

[10:27] {Threei}  sorry, didn't watch it...

[10:27] {ese} but didn't see posted on time and sales

[10:28] {ese} was just wondering if they can do that....brokers that is

[10:28] {Threei}  not really without posting print

[10:28] {ese} do a fill without posting on time and sales

[10:28] {Threei}  market sharp drop

[10:29] {ese} maybe missed it 

[10:30] {fernp} stopped PLD

[10:31] {dino} cohu

[10:31] {ese} check out pattern on ERIC vad......textbook...from your book......10 cent range

[10:33] {Threei}  too narrow

[10:33] {Threei}  not sure it hasd a play in it

[10:33] {ese} too narrow.....no breakout either side

[10:36] {Threei}  STT huge pullback

[10:41] {nemo} on stt, is that an ascending triangle or diving board!

[10:41] {Threei}  can't tell really

[10:42] {dino} celg sm l .02

[10:54] {magoo} pie*e sh*t market

[10:54] {nemo} gotta wonder if the markets are getting readly to keel over hard.  It's like the Grinch and the sleigh

[10:54] {gen} :( have to go do my job :(

[10:54] {gen} by everybody

[10:55] {fernp} bye gen

[10:55] {Threei}  take care gen

[10:55] {magoo} bye gen

[10:57] {Threei}  FORMER FED CHAIR VOLCKER: US IN 'SERIOUS RECESSION', NO END IN SIGHT; USD CONFIDENCE MAY POTENTIALLY BE 'UNDERMINED'

[10:57] {Threei}  helpful comments eh

[10:57] {nemo} understatement

[10:57] {dino} s&p gap fill

[10:57] {dino} 1136 ndx gap

[10:58] {magoo} every f'n day if u shorted opening spike

[10:58] {magoo} dammit

[10:58] {Threei}  relax mags

[10:58] {magoo} its so obvious its stupid

[10:58] {Threei}  what's with emotions

[10:59] {dino} rally next week magoo, mark-ups. happens every month

[10:59] {cujo} even in mkts like this?

[10:59] {nemo} apocalypse next week..no markups

[10:59] {dino} 1000 dji pts., 140 ndx, 120 s&p

[11:00] {dino} nemo, check last week oct, nov., dec

[11:00] {magoo} it wears on ya vad..enoughs enough with this sh%t mkt

[11:00] {nemo} dino-you mean markups! never mind my sense of humor

[11:00] {dino} getting close magoo, need more people thinking that way

[11:01] {nemo} mags-what shit market...Vad's been makin money for months

[11:01] {dino} ok nemooooooooooooo

[11:01] {Threei}  I am at loss

[11:01] {Threei}  really

[11:01] {dino} it's all good

[11:01] {Threei}  what's wrong with market where we run such percentage?

[11:01] {Threei}  it's not very tradeable today so far, so what?

[11:01] {magoo} figure it out..maybe u have but i haven't

[11:02] {Threei}  all my calls and trades are posted

[11:02] {Threei}  I don't know what it is I need to figure out

[11:02] {Threei}  don't take it out on me, ok?

[11:02] {nemo} nothin' to figure out other than what you do right now.  Yesterday was great, today so, so...tomorrow...somethin' else.

[11:03] {dino} i'll say this, i've traded less this month than a usual week. lots of sitting for me

[11:03] {cujo} think this is head fake on the bounce?  

[11:03] {cujo} indicies

[11:03] {Threei}  no read for now cujo

[11:03] {Threei}  I want to let this selling sort itself out

[11:03] {dino} cujo, need that ndx gap filled, or we come back to it later

[11:03] {magoo} figure out+maybe u up but i not..i don't just follow u blindly {although maybe i should}

[11:04] {Threei}  every bounce got smacked so far, no need to guess on each f them

[11:04] {dino} 1136

[11:04] {cujo} yup, not making a move.  Just in interesting territory.

[11:05] {nemo} Seems I remember reading in Livermore's book he actually had to go back to work for awhile because the market was doin' nothin'.  

[11:05] {Threei}  I don't want to be overactive on a day when trades don't work out with high percentage

[11:05] {dino} it's doing something, 15% ranges

[11:05] {Threei}  look at two days to compare:

[11:06] {Threei}  yesterday almost all of them worked, we did around 10 trades, adn I continued pushing when valid setups presented themselves

[11:06] {Threei}  out of 3 today's, only one did

[11:06] {dino} i would like to buy a hambuger

[11:06] {nemo} So, the weak morning tells you the stars aren't aligned for you today

[11:06] {nemo} Dino...will you pay for it Tuesday?

[11:06] {Threei}  so I don't want to overtrade until things start looking more readable

[11:06] {dino} think in terms of probabilities

[11:07] {dino} i will gladly pay you tomorrow for a hamburger today

[11:07] {nemo} I figgered

[11:07] {nemo} I've had all I can stands and I can't stands no more!

[11:08] {larisa} traders are way more emotional these days :)

[11:08] {dino} lol

[11:08] {nemo} valium helps

[11:08] {magoo} let me set my rage straight...i am not getting on your case...i just think this mkt sux...worste jan in long time./..pretty lame seasonality in dec...i am sick of it...cant even get 2 days up straight ovr 100 pts 

[11:10] {magoo} christ dow under 8k

[11:10] {magoo} mkt sux

[11:10] {ese} adtn...

[11:12] {dino} ahhh, magoo, the vodka is in the freezer, have a shot or two

[11:12] {magoo} im gonna dino....im GONNA

[11:12] {dino} there he goes down the hall

[11:13] {Threei}  DRYS, looks ready for bounce scalp

[11:13] {Threei}  based on market bounce only

[11:14] {Threei}  .35 closest support

[11:14] {Threei}  try to catch it on one of these quick trips down

[11:15] {Threei}  if holding well on this market pullback, will be capable of more than scalp

[11:16] {Threei}  good offer at .42 for entry indication

[11:16] {magoo} in .33 just now

[11:16] {nemo} ah shit Laser dumped on me

[11:17] {magoo} dave what???

[11:17] {Threei} Long Setup:  DRYS  .42 break if holding above .30

[11:18] {ese} tick and trin index are showing people buying today......this thing go crazy by the end of the day....although Vochkers comments didn't exactly help....that guys a war monger i think

[11:18] {Threei}  you have seriously over 1:1 here mags

[11:19] {ese} qqqq double bottom...hmmmmmmm

[11:20] {ese} i hear mags pain though......

[11:20] {magoo} to be clear..vad IS doing great in a terrible market

[11:20] {dino} me too (literally)

[11:21] {magoo} problem is..i am a momo trader and miss the MOMO

[11:21] {nemo} ahhhhhh...an adrenaline junky

[11:21] {Threei}  that's magoo

[11:22] {Threei}  momo will be back... but momo markets are not a very high percentage of time

[11:22] {nemo} Magoo you ever heard the story of the young bull and the old bull?

[11:22] {Threei}  DRYS half out

[11:22] {wishbone} lol nemo

[11:22] {Threei}  lol

[11:22] {ese} noope

[11:22] {ese} what is it

[11:22] {magoo} no..but dino always giving the hair vs rabbit story

[11:23] {ese} tick +1200 trin -2.8 thats big buying...could be bigger but it's big

[11:23] {dino} and the lesson of the rocking horse winner

[11:23] {nemo} ese check your windows

[11:24] {Threei}  stop to .39

[11:24] {ese} whats up?

[11:24] {Threei}  try to exit second half DRYS on a spike above .60

[11:24] {ese} i'm looking through a fog?

[11:24] {magoo} i can relate to rocking horse winner...thats magoo to a tee

[11:24] {Threei}  STT... was temoted to call 16 break and hesitated

[11:24] {nemo} ese, you on mirc?

[11:25] {magoo} there must be more money....must be more $$

[11:25] {ese} no.....

[11:25] {nemo} ahh, that's a problem.  I can't really tell you the story in a public forum

[11:26] {ese} caught it....

[11:27] {dino} cvtx

[11:27] {magoo} now im mad........dino out of vodka

[11:28] {dino} scotch on the file cabinet

[11:28] {nemo} try rubbing alcohol, mags

[11:28] {magoo} over ice?

[11:28] {nemo} with cranberry juice

[11:28] {magoo} ok..on it

[11:29] {nemo} too bad can't get ludes anymore

[11:29] {magoo} l rimm here ,.48

[11:29] {magoo} l q here .30

[11:30] {magoo} lets getter' done

[11:30] {Threei}  DRYS stop to .45

[11:30] {Threei}  here comes out break

[11:31] {dino} mcd sm l .18

[11:31] {Threei}  out in full .62

[11:32] {Threei}  50/50 again... lol

[11:32] {Threei}  threading water

[11:33] {magoo} no laughing..cant focus :)

[11:33] {Threei}  you took profit on your DRYSS??

[11:33] {magoo} nope

[11:33] {Threei}  shrug

[11:33] {KSystems} yes :)

[11:33] {Threei}  you have unrealistic expectations for this market magoo

[11:34] {magoo} was tyhinking .80?

[11:34] {Threei}  so partial

[11:34] {Threei}  why risk whole thing?

[11:34] {Threei}  you see waves changing on a dime

[11:34] {nemo} adrenaline?

[11:34] {Threei}  some idiot comes out with some idiotic remark,

[11:35] {Threei}  whole market dumps next second

[11:35] {Threei}  why be a victim of idiots?

[11:35] {nemo} one in hand mags

[11:35] {Threei}  protect your profits

[11:35] {magoo} out

[11:35] {magoo} TY

[11:35] {Threei}  didn't we go through the parade of idiots commenting on things they had no slightest idea bout, yet influenced market greatly, a few months back?

[11:36] {magoo} oyt RIMM .68

[11:36] {magoo} TRY

[11:36] {cujo} I wan't here a few months ago.  Was that The Jim Cramer Biography?

[11:36] {magoo} TRY=TY

[11:36] {Threei}  and all this emotional hoopla totally threw me off re: STT

[11:36] {Threei}  grrr

[11:36] {dino} lol cujo

[11:37] {Threei}  lol cujo

[11:37] {cujo} ;)  I try

[11:37] {Threei}  no... although it could have easily been

[11:37] {dino} pretty much short anything cramer says to buy

[11:37] {Threei}  I referred to the situation we had on hands when TARP was debated

[11:37] {cujo} yeah "The Cramer Effect"

[11:37] {cujo} ahh TARP

[11:37] {Threei}  every 15 minutes new comment would appear

[11:37] {Threei}  approved

[11:37] {Threei}  not approved

[11:37] {Threei}  approved but with conmditions

[11:38] {Threei}  these seators do not agree with cnditions

[11:38] {Threei}  these do

[11:38] {dino} T(total)A(azzhole)R(re-election)P(plan)

[11:38] {cujo} he he

[11:38] {Threei}  and market would drop or jump like crazy with every comment

[11:38] {Threei}  try to trade when it's such a mess, lol

[11:38] {cujo} it was crazy then. 

[11:39] {nemo} that 850b dem stimulus plan is spread out over 10 years, by the way

[11:39] {Threei}  now, guys

[11:39] {Threei}  let's restore the balance a bit, shall we

[11:39] {Threei}  we are at 50 % so far today, 4 trades,

[11:39] {Threei}  2 wins, 2 stops

[11:40] {Threei}  nothing remarkable, I mean I wouldn't run around telling pretty girls about such achievement in hope to excite them by my trading prowess,

[11:40] {Onix} is that a good balance?

[11:40] {Threei}  and nothing to be desperate about

[11:41] {larisa} how did you want to play STT vad?  16 break to upside  afer bottoming under 15.50 ? just curious.

[11:41] {Threei}  I mean emotional abalnce and perspective on things

[11:41] {KSystems} where was the first stop?

[11:41] {KSystems} or rather, _when_?

[11:41] {nemo} Vad, expectations, expectations, expectations. 

[11:41] {Threei}  yes larisa, with stop under 14.80

[11:41] {nemo} Emotions are the enemy of execution...as you said STT

[11:41] {Threei}  15.80

[11:41] {larisa} 15.80 you mean/ pullback too big and 16 too far off bottom, just wondering what was your vision

[11:42] {Threei}  PALM ks, right after the open

[11:42] {KSystems} ok, that one i got

[11:42] {KSystems} then the other one?

[11:42] {Threei}  PLD

[11:42] {KSystems} wow it didnt even trigger for me

[11:42] {Threei}  was hesitant call, but asnwering a question on it it could qualify as a call nonetheless

[11:43] {Threei}  no, it was more like a pullback entry

[11:43] {KSystems} ok, ty

[11:43] {Threei}  larisa... setup I mean was:

[11:43] {Threei}  after bounce off 15.50 it consilidated a bit under 16,

[11:44] {Threei}  then broke it with low of the consolidation range about 15.80

[11:46] {hawkfan4} am i here?

06[11:46] * magoo slaps hawkfan4 around a bit with a large roll of cash

[11:46] {Threei}  I am very tempted to say no

[11:47] {nemo} beat me to it vad

[11:47] {nemo} Vad, if STT breaks .80 likely to test spike in an up market?

[11:47] {hawkfan4} lol :)...finally conquered mirc

[11:47] {Threei}  lol

[11:47] {Threei}  mirc proves to be worthy adversary

[11:48] {Threei}  people fight it for weeks

[11:48] {nemo} I want my mirc attacks!

[11:49] {magoo} i only beat it yesterday

[11:50] {cujo} Free traders expo in NYC in FEB.  Anyone in the area?

[11:50] {Threei}  UAUA COO: CLEARLY SEEING LESS DEMAND FOR AIR TRAVEL; CUSTOMERS ARE FLYING LESS AND TAKING COACH MORE OFTEN - CONF CALL

[11:51] {Threei}  don't waste your time cujo

[11:51] {cujo} really?  Ugh.

[11:51] {Threei}  I used to give seminars on thoswe

[11:51] {Threei}  there was a good reason why I stopped

[11:51] {Threei}  turned into total vendorfest

[11:51] {Threei}  no substance, just selling

[11:52] {cujo} got it.  Yeah there are a ton of vendors there. 

[11:52] {Threei}  that would fine,

[11:52] {Threei}  after all, expo must turn profit somehow

[11:52] {Threei}  but there must be some value delivered as well

[11:52] {cujo} yeah

[11:53] {Threei}  and that part disappeared when new Expo owners started treating speakers as commodity

[11:53] {dino} evep

[11:53] {cujo} well, saved me 2 days in the cold treking to midtown ;)

[11:53] {Threei}  unless you want a lot of sale pitches

[11:53] {nemo} miss any calls?

[11:54] {Threei}  no

[11:54] {cujo} nah, would rather sleep ;)

[12:05] {Threei}  AAPL

[12:05] {Threei}  SEC OPENS INQUIRY INTO DISCLOSURE OF CEO STEVE JOBS' HEALTH - WSJ CITING SOURCES

[12:06] {magoo} kind of old vad

[12:06] {magoo} read this morn

[12:06] {Threei}  another YHOO/MSFT rumor, no slightest reaction this time

[12:06] {cujo} boy who cried wolf. 

[12:09] {dino} wasn't cujo a movie about wolves?

[12:09] {cujo} ha ha ha

[12:09] {cujo} a big slobbery rabid dog

[12:10] {nemo} Saint Barnard actually

[12:10] {cujo} ;)

[12:11] {cujo} possible c & h starting to form in AAPL?

[12:11] {magoo} my Q finally ovwer 1:1

[12:12] {Threei}  not delighted by it cujo

[12:12] {cujo} got ya. 

[12:12] {Threei}  if market goes up strongly it could follow of course

[12:12] {cujo} y

[12:12] {Threei}  but looks iffy

[12:16] {Threei}  IDCC

[12:16] {Threei}  big offer at .20

[12:16] {Threei}  long half lot if taken

[12:16] {Threei}  stop under .30

[12:19] {magoo} dam xploded

[12:19] {magoo} i caught .28

[12:20] {Threei}  hmmm

[12:20] {Threei}  a bit high

[12:20] {magoo} yup

[12:20] {Threei}  what do you use market orders??

[12:20] {dino} out mcd .78, +.60

[12:20] {magoo} NO

[12:20] {cujo} +.10

[12:20] {cujo} IDCC

[12:20] {cujo} Thanks Vad

[12:20] {Onix} gj dino!

[12:20] {Threei}  lol cujo... that's relentless profit grabbing

[12:20] {Threei}  wtg

[12:20] {cujo} sry

[12:20] {magoo} u dog cujo

[12:20] {cujo} gun shy

[12:20] {Threei}  lol

[12:20] {magoo} i prob bought yours

[12:20] {cujo} he he he

[12:21] {cujo} sld .29 and .32

[12:21] {cujo} maybe?

[12:21] {dino} ty onix

[12:22] {Threei}  half out .40

[12:22] {Threei}  stop to .15

[12:24] {Threei}  how about this market dump

[12:25] {Threei}  stop to just under .20

[12:25] {Threei}  out

[12:25] {Threei}  .24 and .22

[12:26] {magoo} mkt jkilled it

[12:26] {Threei}  yeah, it had more in it

[12:26] {Threei}  maybe still does

[12:27] {Threei}  but I am not taking chances on a thin stock

[12:28] {magoo} markets show no confidence

[12:36] {magoo} vad..i got weird feeling DRYS going over day high

[12:37] {magoo} just way its hangin around

[12:37] {Threei}  can't tell anything here

[12:37] {Threei}  IDCC, yeah, this thing is full of determination

[12:37] {Threei}  DRYS, don't know

[12:37] {cujo} stt testing support?

[12:38] {Threei}  losing is more like it :)

[12:38] {cujo} short set up?

[12:38] {Threei}  not here

[12:38] {Threei}  .50 breakdown was

[12:38] {dino} idcc, bad memories, couple years ago held 3k shares overnight, opened  minus 8

[12:38] {Threei}  yikes

[12:39] {dino} yeah, it kind of sucked

[12:39] {larisa} :(

[12:39] {magoo} oh yeah...it was a stock tip from lefty

[12:42] {Threei}  who?

[12:43] {magoo} a fraternity friend of ours

[12:43] {magoo} he gave us the tip[

[12:44] {Threei}  TREASURY NOMINEE GEITHNER: CURRENCY MANIPULATION IS A SIGNIFICANT ISSUE

[12:44] {Threei}  {USD/CNY}

[12:44] {magoo} who needs enemies lol

[12:44] {hawkfan4} is he still a friend? :)

[12:44] {hawkfan4} lol

[12:45] {Threei}  see hawk.,.. you think of mags better than I do... question that crossed my mind was is he still alive?

[12:46] {dino} my fault, i put the trade on

[12:46] {cujo} lunchtime

[12:46] {cujo} brb

[12:46] {hawkfan4} lol vad

[12:46] {dino} like a semester at harvard

[12:47] {nemo} doin' the deed's not the problem.  Gettin' rid of the body...that's a problem

[12:47] {hawkfan4} been there dino

[12:48] {dino} it's a strange profession we have undertaken

[12:48] {wishbone} good friends will help you move

[12:48] {dino} lol

[12:48] {wishbone} the best of friends will help you move the body

[12:48] {Threei}  lol

[12:49] {hawkfan4} :) 

[12:49] {nemo} ekzaktly

[12:49] {nemo} really, really good friends bring the acid

[12:49] {wishbone} gettin' kinda dark in here

[12:49] {Threei}  misspelling a bit nemo... eqzaktly is more elegant way to spell it

[12:49] {wishbone} :)

[12:49] {nemo} scuse me

[12:50] {wishbone} lol

[12:52] {dino} grrrrrr

[12:55] {Peterg} Well, team, I have been putting off facing that this is my last day for now as an RT trading room member. I am going to give a tearful speech shortly explaining how much I have learned and how I will miss you all and so forth. In fact, if you don't want to read the speech, this will suffice..

[12:55] {Peterg} I will be thanking the boss for his counself, and perhaps throwing a few affectionate barbs here and there.

[12:56] {Peterg} But being in this group has been a great experience. Thanks all.

[12:57] {Peterg} Talk about me frequently; I will be reading the transcripts.

[12:57] {magoo} gonna miss ya bro:)

[12:57] {Threei}  we will peter

[12:57] {ese} out for the day all take care....

[12:57] {Threei}  good luck to you, and you know where to find us

[12:57] {wishbone} cya ese

[12:57] {ese} definately

[12:57] {Threei}  take care ese

[12:57] {Peterg} Thanks all, hope to return !

[12:57] {wishbone} take care pter

[12:57] {magoo} as long as vad doesn't keep switching the room lol

[12:57] {Peterg} Make money & have fun. Lrned a lot

[12:58] {cujo} bye Peterg.  Best of luck

[12:58] {dino} best of luck to you peter

[12:58] {Peterg} Snifff. gotta go & do the day job. Tks again

[13:00] {Threei}  AN NAHB HOUSING MARKET INDEX: 8 V 9E

[13:06] {Threei}  matket picks up some strength

[13:06] {larisa} for real this time ? :)

[13:06] {Threei}  good question

[13:07] {dino} epiq

[13:08] {cujo} euphoria on stt Vad?

[13:08] {Threei}  it just goes up and down with market

[13:10] {Threei}  should pullback now... around .50 looks to become a bounce scalp

[13:12] {wishbone} vad got disconnecte which symb

[13:12] {Threei}  answering about STT wish

[13:12] {wishbone} symbol?

[13:13] {wishbone} ty

[13:13] {elepet} u[];ianyone in drys?

[13:15] {_gman} I am on the trial

[13:15] {Threei}  hi gman, welcome

[13:15] {_gman} free trial sorry

[13:15] {_gman} hi

[13:15] {cujo} hello gman

[13:16] {Threei}  ok, STT is almost there

[13:16] {Threei}  .50 is closest support,

[13:16] {Threei}  watch market for reversal uward top grab it

[13:17] {dptl} why .50 Vad?

[13:17] {Threei}  meets rising lower BB there

[13:18] {dptl} ok ty

[13:18] {Threei}  needs market in any case, it mirrors market last few hours

[13:20] {dino} apol

[13:21] {Threei}  in

[13:21] {KSystems} in

[13:21] {Threei}  .27

[13:22] {KSystems} .31 here, do you have a

[13:22] {Threei}  stop under .20

[13:22] {KSystems} 20 ok

[13:23] {cujo} in .29

[13:25] {Threei}  half out .39

[13:25] {cujo} out .36

[13:25] {cujo} small lots, no half :(

[13:25] {cujo} thanks vad

[13:25] {Threei}  welcome... training wheels?

[13:25] {cujo} yeah 100 still

[13:26] {cujo} till i can get emtions under more control

[13:26] {Threei}  out balance

[13:26] {cujo} then will move up from there. 

[13:27] {Threei}  bounce off 16 is next

[13:28] {Threei}  no market help for now

[13:29] {Threei}  in

[13:29] {Threei}  .04

[13:29] {Threei}  stop under 16, ridiculously tight

[13:31] {Threei}  am I too greedy?

[13:32] {cujo} never

[13:32] {Threei}  half out .20

[13:33] {Threei}  offering balance .35

[13:33] {Threei}  stop to .19

[13:33] {magoo} nice trade

[13:34] {Threei}  ty'

[13:34] {cujo} great call.

[13:34] {KSystems} absolutely

[13:34] {cujo} wish first bounce as large as second bounce ;)

[13:34] {cujo} but can't win 'em all...

[13:34] {Threei}  out balance

[13:35] {Threei}  shakeout...

[13:35] {Threei}  wow DRYS

[13:35] {Threei}  missed break

[13:35] {Threei}  you in elepet?

[13:36] {Threei}  ummm... can I have my STT back?

[13:36] {elepet} yes

[13:36] {Threei}  mulligan?

[13:36] {magoo} man..look at q chart

[13:37] {elepet} from  13.42

[13:37] {Threei}  time to partial elepet... at least

[13:37] {cujo} rockin

[13:37] {Threei}  don't chase aything here, pullback is coming

[13:37] {cujo} short the pullback on the qqqq?

[13:37] {Threei}  nah

[13:38] {cujo} sitin tight

[13:38] {Threei}  long on pullbacks is the way to go today

[13:39] {Threei}  UPDATE: PRESIDENT OBAMA SETS HIRING FREEZE ON TOP CABINET MEMBERS, CALLS FOR ADDED TRANSPARENCY WITHIN GOVT

[13:40] {Threei}  if market spike sharply here, DRYS 14 break and STT .50 break

[13:41] {Threei}  STT stop under .40

[13:41] {Threei}  DRYSunder .90

[13:41] {elepet} couldn't do it. (sell any drys) it felt like it was going up.

[13:42] {Threei}  volatile thing

[13:42] {Threei}  in volatile market

[13:43] {Threei}  keep stops tight and watch for re-entry if pullbacks are deep

[13:46] {Threei}  dizzy yet?

[13:46] {cujo} y

[13:46] {magoo} yea

[13:46] {cujo} thing moves

[13:46] {Threei}  these quick up and down are seasickness-inducing

[13:47] {nemo} drink more

[13:48] {Threei}  STT 1:1

[13:49] {Threei}  1:2

[13:49] {Threei}  me out

[13:49] {magoo} out .69 TY

[13:49] {Threei}  your turn DRYS

[13:50] {Threei}  {DRYS} yes sir

[13:50] {magoo} magoos kickin it

[13:51] {magoo} drys kickin back

[13:51] {Threei}  last pullback on DRYSS bottomed out at .95

[13:51] {Threei}  if you want to control risk really tight, trail to under it

[13:53] {Threei}  if this day doesn't turn bright all of a sudden...

06[13:54] * Threei squints in magoo's direction

[13:54] {nemo} was waiting for that

[13:54] {Threei}  Very Big Grin

[13:54] {nemo} mags is turning all red

[13:54] {Threei}  lesson of the day:

[13:55] {magoo} ive found that when i complain in room..i usually am wrong which inevitably helps our cause:)

[13:55] {Threei}  leave useless emotions at the door,

[13:55] {Threei}  take valid setups,

[13:55] {Threei}  plug along as market goes,

[13:55] {Threei}  no matter how this or that trade or day or even week turns out,

[13:56] {Threei}  you will win in a long run as long as you adeploy valid system and execute it flawlessly, relentlessly and with no second-guessing

[13:56] {nemo} past is prologue, future may or may not come...all is now

[13:56] {Threei}  eqzaktly

[13:57] {Threei}  two secondary lessons:

[13:57] {Threei}  don't spell right

[13:57] {Threei}  and when you absolutely don't know what to do, do this:

06[13:57] * Threei slaps magoo around a bit with a large roll of cash

[13:58] {Threei}  bad spelling has two additional advantages

[13:58] {Threei}  it irritates the hell out of Raven

[13:58] {Threei}  and it will irritate the hell out of peter when he reads our logs

[13:58] {nemo} among others :)

[13:59] {Threei}  and heavens know I love irritating people...

[14:00] {Threei}  DRYS 1:1

[14:00] {Threei}  isn't it irritating

[14:00] {nemo} makin' money no...not understaning eqzaktly why it's working...yes

[14:01] {Threei}  oh, and if you think I am exaggerating - just ask patience... she knows herds of people I irritate to no end {G}

[14:01] {larisa} you can stop now :)

[14:01] {Threei}  come on nemo... there is not much to understand really

[14:01] {Threei}  I can't larisa, sorry...

[14:01] {Threei}  I have my quota of people to irritate per day

[14:01] {Threei}  and I haven't fulfilled it yet

[14:02] {Threei}  btw, I hate to admit that but magoo was right on DRYS

[14:02] {dino}  dino places 3i on ignore

[14:02] {nemo} I ever tell you about my "disgruntled-postal-worker-fantasy list?

[14:02] {cosmo} also... its better to feel irritated than feel nothing at all...

[14:03] {Raven} {}

[14:03] {larisa} i dunno cosmo, can i disagree? :)

[14:03] {magoo} 12:36] {magoo} vad..i got weird feeling DRYS going over day high

[14:04] {cosmo} born to suffer here...

[14:04] {Threei}  that'ss what I meant mags

[14:04] {Threei}  larisa... you can disagree but xosmo will be very irritated

[14:04] {larisa} lol

[14:05] {Threei}  dino... this is one single time I admitted he was right... and you place me on ignore? next time will be in 2010, I promise

[14:05] {cosmo} xosmo is no friend of mine

[14:05] {KSystems} vad , are you still in DRYS?

[14:05] {Raven} lol

[14:05] {Threei}  no

[14:05] {Threei}  took 1:1

[14:05] {elepet} went over and pulled back. will it do it again? Drys HOD?

[14:05] {Threei}  maybe will regret

[14:06] {Threei}  but I move into scalping mode for the next hour at least

[14:06] {magoo} no regrets..been total scalp or lose day

[14:10] {dino} cedc

[14:10] {Threei}  I have this nagging feeling that one more bigger trade must be in cards today

[14:11] {Threei}  don't want to push it, and don't want to miss it... lol

[14:11] {magoo} could it be RIMM?

[14:11] {larisa} you can annoy us with this one :)

[14:11] {Threei}  lol

[14:12] {cosmo} on the edge of my seat here

[14:13] {magoo} could it be DRYS to 15??

[14:13] {elepet} and thar she blows( drys)

[14:13] {Threei}  if market explodes, it can

[14:13] {Threei}  DRYS potential really hard to overestimate

[14:14] {cosmo} i'm in it simply for the stimulus

[14:14] {Threei}  this thing knows how to move

[14:14] {Threei}  lol cos

[14:14] {magoo} like pulp baby

[14:14] {Threei}  watch it busting through .20 like it's nothing

[14:19] {dino} cedc tempting

[14:19] {magoo} news CEDC vas

[14:19] {Threei}  HEARING DOWNGRADED TO MARKET PERFORM FROM MARKET OUTPERFORM AT AVONDALE (TIMING UNCERTAIN)

[14:20] {dino} ty

[14:20] {magoo} sheesh..kiss of death

[14:20] {Threei}  that's it??

[14:20] {Threei}  such drop on one downgrade by no-name?

[14:20] {dino} he had a name

[14:21] {magoo} well hes still idiot

[14:23] {Threei}  small shares in

[14:24] {Threei}  stop under 13.90

[14:24] {elepet} drys in retreat?

[14:24] {Threei}  market is

[14:24] {Threei}  so is DRYS

[14:26] {dino} out celg .62, +.60

[14:27] {Threei}  out CEDC for now

[14:27] {Threei}  there is something else behind this dump

[14:28] {Threei}  maybe traders overloaded on CEDC product

[14:30] {Threei}  market is ready for a 'ally

[14:31] {Threei}  US HOUSE FINANCIAL SERVICES COMMITTEE HOLDING TALKS WITH AGRICULTURE COMMITTEE OVER COMMODITES OVERSIGHT

[14:32] {Threei}  {DRYS} what's .20?

[14:32] {magoo} i just reloaded DRYS .15

[14:33] {magoo} just do not rinse me

[14:34] {Threei}  where is your stop?

[14:34] {magoo} .06

[14:34] {magoo} feels 15  

[14:34] {magoo} but nasty

[14:35] {magoo} RIMM hangs around

[14:37] {Threei}  'ally

[14:37] {magoo} thats twice u said'ally he he

[14:37] {Threei}  offer part above .30

[14:37] {Threei}  what can I do... Larisa forbids me to say rally

[14:38] {magoo} ah..remember those days

[14:38] {nemo} you just said it

[14:39] {magoo} no i didn't

[14:40] {nemo} Vad did

[14:40] {magoo} waiting .29 ug

[14:43] {Threei}  LIBYA'S KHADAFI: MAY NOT OBEY OPEC QUOTAS DUE TO LOW OIL PRICES

[14:43] {Threei}  woohooo

[14:43] {Threei}  way to go guys

[14:44] {nemo} knew that was coming...

[14:44] {Threei}  (IQ) IRAQ SOUTH OIL COMPANY TO INCREASE OUTPUT BY APPROX 400K BPD BY END OF 2010

[14:44] {Threei}  - Plans to drill up to 400 well over three year span

[14:44] {dino} out axys .21, +.46

[14:44] {nemo} That's why we invaded...

[14:45] {dino} pump 'em dry

[14:45] {nemo} Crank up the 4-wheel Drive!!!

[14:46] {dino} suv suv suv

[14:49] {nemo} somebody whack laserdave, I can't

[14:49] {Threei}  with what nemo?

06[14:49] * magoo slaps laserdave around a bit with a large trout

[14:49] {nemo} thanks mags

[14:50] {Threei}  see, I wanted to customize the smack on your behalf

[14:50] {Threei}  cater to your specifications

[14:51] {magoo} i went with traditional vad'

[14:51] {Threei}  that works too

[14:54] {Threei}  next leg is coming

[14:54] {Threei}  a bit torturously but...

[15:04] {nemo} smelling a retracement

[15:05] {magoo} its the power hower

[15:05] {Threei}  .30 be taken

[15:06] {Threei}  'ally be continuing

[15:07] {magoo} IDCC vad?

[15:07] {Threei}  can't tell

06[15:08] * magoo slaps &Threei around a bit with a large ability to answer magoos questions more satisfactoriy

[15:08] {Threei}  lol

[15:08] {Threei}  see DRYS?

[15:08] {Threei}  what I can tell I do

[15:08] {magoo} in 

[15:09] {elepet} my word. going for 15?

[15:10] {magoo} excuse me...it was MY word he he

[15:10] {Threei}  you guys... stop guessing and start managing trades

[15:10] {elepet} even palm is finally moving.

[15:10] {magoo} HUH?

[15:10] {Threei}  didn't I ask you to partial out above .30?

[15:10] {Threei}  practically begged

[15:11] {magoo} how would i know? i have u on ignore

[15:11] {Threei}  oh

[15:11] {Threei}  got it

[15:11] {hawkfan4} lol

[15:11] {nemo} no good deed goes unpunished Vad

[15:11] {Threei}  never

[15:11] {Threei}  but I am fine with it

[15:12] {Threei}  being ignored is my natural state

[15:12] {Threei}  and natural outcome of being irritating {G}

[15:13] {magoo} ok out .34

[15:14] {nemo} whoa mags, floor just dropped...good deal

[15:16] {dino} did you say something

[15:19] {Threei}  DOE: OBAMA'S DECREE TO HALT BUSH PLANS MAY AFFECT OFFSHORE DRILLING AND OIL SHALE DEVELOPMENT PROGRAMS

[15:19] {Threei}  - Note: on 1/16 it was reported that the US Administration was preparing to push proposals to allow offshore oil drilling in certain sites previously restricted

[15:20] {nemo} FAS up 23% sheesh

[15:21] {Threei}  BAC

[15:21] {Threei}  UPDATE: LATE DAY STRENGTH ATTRIBUTED TO CEO KEN LEWIS DICLOSES PURCHASE OF ABOUT 200K SHARES

[15:21] {Threei}  lol

[15:22] {dino} good, when they wipe out the common he will get hit

[15:22] {Threei}  if he bought at 7, its 1.4M

[15:22] {nemo} Oil Rises as Equities Rally on Bank-Rescue Plan Speculation 

[15:22] {Threei}  what % of his bonus is that?

[15:22] {nemo} .0032%

[15:23] {Threei}  there you go

[15:23] {Threei}  and happy ytradfers buy BAC?

[15:23] {Threei}  nice pullback DRYS

[15:23] {Threei}  should be scalpable

[15:24] {magoo} u got the ball vad..make the call

[15:24] {Threei}  now mags...

[15:24] {Threei}  where is my "thank you" for making you sell above .30?

[15:24] {nemo} Come to think of it, the news that could really rocket the market is a "national bank"  Grab an ultra financial long and hold on

[15:24] {magoo} thank u...humbly spoken:)

[15:24] {Threei}  you are welcome kind sir

[15:24] {magoo} u were right allday...i was wrong to despair

[15:25] {Threei}  no call on price DRYS... watch market for bounce

[15:25] {nemo} Hey mags, it's either a light at the end of the tunnel, or an oncoming train-either way, it's over soon.

[15:25] {magoo} that does itttttttt

[15:26] {nemo} I'm ducking!

06[15:26] * magoo slaps nemo around a bit with a large a um, er,um i dont know what to add

[15:26] {nemo} book by H.L. Mencken

[15:26] {magoo} hard pull drys

[15:29] {larisa} DRYS is irritating

[15:30] {magoo} GS was the tell

[15:30] {magoo} animal

[15:32] {KSystems} 14 break?

[15:32] {Threei}  only if market spikes sharply

[15:33] {nemo} things seem to be quieting down a bit

[15:33] {patience} oil number tomorrow vad?

[15:33] {Threei}  yes

[15:33] {patience} ty  :)

[15:34] {Threei}  they moved to Thu because of holiday on Monday

[15:35] {nemo} Oh excrement! look at this:

[15:35] {nemo} With the market down about 9% year-to-date, everyone is looking at making money shorting the market. It's not easy: the downside potential is unlimited. Stocks sold short can be called away by the brokerage firm while a position is at a loss, thus, realizing the loss.

[15:35] {nemo} In particular, people are piling into short ETFs. However, qualified-account holders such as IRA investors who are buying short ETFs can run into the headache of unrelated business taxable income (UBTI).

[15:35] {nemo} Shorting stocks can only be done in taxable accounts and not qualified accounts like IRAs. However, IRA investors can buy ETFs like the ProShares UltraShort Financials (SKF - commentary - Cramer's Take), the Rydex Inverse Russell 2x Leverage (RRZ - commentary - Cramer's Take) or the Federated Prudent Bear Fund A (BEARX - commentary - Cramer's Take).

[15:35] {nemo} However, activities inside of these funds can cause the shareholder to file taxes even if they are bought inside an IRA. This occurs when a tax-exempt entity participates in business that is not deemed tax exempt by the Internal Revenue Service as part of the Employee Retirement Income Security Act of 1974 (ERISA).

[15:35] {nemo} According to the IRS, "Securities purchased on margin are considered debt-financed property if the liability incurred in purchasing them remains outstanding." Much of the law is directed towards investors using self-directed IRAs for purchasing property, but this can also be an issue for master-limited partnerships.

[15:35] {nemo} Many funds do not merely short stocks, but lever up to amplify returns. However, leverage is not allowed inside an IRA, and if it occurs, the IRA owner must file a tax return. In the money management business, if this happens to your uninformed client, you'll end up with egg on your face when the client's CPA calls you with questions.

[15:35] {nemo} According to the website 990.com, Form 990-T, "Exempt Organization Business Income Tax Return," must be filed if over $1,000 in income of this type is earned. A CPA's advice is needed for such an obscure subject.

[15:35] {nemo} Make sure you know what you are doing if you try to buy a short EFT. It is not the same as buying 1,000 shares of Coca-Cola (KO - commentary - Cramer's Take) and holding for 40 years. These investments must be watched like a hawk -- many ETFs are full of swaps made with shaky investment banks. These esoteric securities are trickier than you think. 

[15:35] {Threei}  STT

[15:36] {Threei}  ugh... late

[15:36] {Threei}  was a scalp off 17.10

[15:38] {Threei}  grrr

[15:38] {Threei}  hat was beautiful setup... I was unforgivably slow on alert

[15:39] {cujo} no worries

[15:39] {Threei}  double bottom, small risk, and STT gave delay for entry vsmarket spike

[15:40] {nemo} mags, did you get back into DRYS?

[15:40] {Threei}  MOODY'S PUTS STATE OF CALIFORNIA ON WATCH NEGATIVE

[15:41] {Threei}  careful cosmo

[15:41] {magoo} no

[15:41] {Threei}  I must say, that was highly unusual day

[15:41] {Threei}  encouraging too

[15:43] {nemo} that's because you didn't say 'ally

[15:44] {Threei}  anyway... glad we could fix it after lukewarm morning

[15:44] {nemo} I'm just glad mags is feeling better

[15:44] {Threei}  is he?

[15:45] {Threei}  I gotta fix that too...

[15:45] {nemo} well, richer

06[15:45] * Threei slaps magoo around a bit with a large chart of uptrending market

[15:45] {dino} crazy days. -350 yesterday +250 today

[15:46] {Threei}  Sept-Oct swings are back

[15:46] {dino} reading my mind

[15:50] {nemo} Well see ya' tomorrow.  I'm off like a herd of turtles

[15:50] {KSystems} cya nemo

[15:50] {Threei}  take care nemo

[15:50] {wishbone} bye nemo

[15:50] {dino} cya nemo

[15:52] {Threei}  oh boy

[15:52] {Threei}  STT

[15:52] {Threei}  SHARES CUT TO HOLD FROM BUY AT ARGUS, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:52] {Threei}  I swear financial world is run by idiots

[15:52] {hawkfan4} no kidding

[15:52] {dino} real value added

[15:53] {Threei}  this is beyond funny

[15:53] {dino} let's downgrade it 70 points off summer highs

[15:53] {cujo} it is run by idiots... confirmed

[15:53] {cosmo} seller's remorse?

[15:53] {Threei}  lol cos

[15:53] {cosmo} :)

[15:54] {dino} trust no one in this business

[15:54] {Threei}  watch STT for bounce from under .40 if you are inclined to try one last scalp

[15:54] {cujo} :)

[15:54] {Threei}  but don't lose track of time

[15:54] {Threei}  6 min lweft

[15:55] {Threei}  there you go

[15:55] {Threei}  touched under 40 and jumped like crazy antelope

[15:55] {Threei}  if you were faster than your own blinking, you could catch it {G}

[15:55] {cujo} thanks Vad

[15:55] {cujo} out +20

[15:55] {Threei}  you got it cujo?

[15:56] {Threei}  jeez

[15:56] {larisa} lol

[15:56] {Threei}  King knew what he wrote about...

[15:56] {cujo} was hairy

[15:56] {magoo} NICE dsog

[15:56] {cujo} thanks

[15:56] {dptl} gn all

[15:56] {dino} gj

[15:56] {dino} cya dp

[15:57] {cujo} goodnight all.  Thanks for that last one Vad. 

[15:57] {magoo} ok vad..u taking 1k aapl here?

[15:57] {dino} l8r cujo

[15:57] {KSystems} wtf

[15:57] {Threei}  lol

[15:57] {dino} lol fs

[15:58] {Threei}  take care dp, cujo

[15:58] {dino} ks

[15:58] {cujo} later dino

[15:58] {fernp} good evening all

[15:58] {Threei}  larisa

[15:59] {Threei}  2 min left

[15:59] {Threei}  can I say rally?

[15:59] {Threei}  no chance to break anyhting anymore

[15:59] {Threei}  fern :)

[15:59] {dino} later fern

[15:59] {dino} i guess all is well in world again

[16:00] {larisa} lets not risk it, may be we will have continuation tomorrow if you do not :)

[16:00] {Threei}  sigh

[16:00] {dino} ditto

[16:00] {elepet} -i finally partialled drys at .37

[16:00] {Threei}  wtg elepet

[16:00] {Threei}  don't know how you can hold them for so long

[16:00] {Threei}  but paid off well

[16:01] {KSystems} !daV "rally" yas yam uoY

[16:01] {Threei}  oh boy

[16:01] {elepet} it was a struggle.. don't forget, i've been a long term investor. years.

[16:01] {Threei}  scary thought

[16:01] {Threei}  Ok guys, thank you all

[16:01] {larisa} see you guys tomorrow :)

[16:01] {Threei}  have a good evening, see you all tomorrow

[16:02] {KSystems} good night!

[16:02] {hawkfan4} nite all

[16:02] {patience} thanks vad and all, a modestly successful day but good nonetheless   :)

[16:03] {magoo} u not waiting for aapl fireworx vad?

[16:05] {Threei}  what time?

[16:06] {magoo} might be 430

[16:06] {Threei}  well

[16:06] {Threei}  if I don't fall asleep

[16:07] {dino} yes, thx all didn't do as much as i should have (3 for 3) but didn't feel the rally lsting