Jan 26 2009

The day started with 4 trades, 3 of which were nice wins (SLW, AUY, DRYS) and one small stop (GERN). The rest of the day was fuzzy and mirky, not much to read and trade. Nice profitable day but could quit after first hour just as well.

Session Time: Mon Jan 26 00:00:00 2009

[07:42] {cujo} Good morning

[07:47] {hawkfan4} gm cujo and the gang

[07:47] {cujo} hey hawk

[07:47] {cujo} how are ya

[07:48] {hawkfan4} not bad for a monday, u?

[07:48] {cujo} good

[07:48] {cujo} check out CAT this morning

[07:48] {hawkfan4} yes, lamenting my order to short it a t 32.75 that i chickened out of

[07:49] {cujo} ehh

[07:49] {cujo} wow

[07:49] {cujo} big print going of...

[07:50] {cujo} you think there might be a bounce in here?

[07:51] {hawkfan4} yes, but still pretty thin.  

[07:51] {cujo} yeah

[08:06] {Threei}  Good morning

[08:06] {cujo} Morning

[08:06] {hawkfan4} hey Vad

[08:06] {Threei}  cujo, hawk :)

[08:06] {cujo} ;)

[08:07] {Threei}  watching GERN for possible continuation

[08:07] {cujo} Some big moves in MCD and CAT this morning

[08:08] {Threei}  CAT earnings disappointment

[08:08] {cujo} y

[08:09] {Threei}  DRYS

[08:09] {Threei}  01/26/09 02:29am

[08:09] {Threei}  Shipping firms seek new economies of scale to survive historic declines in global trade levels - WSJ

[08:09] {Threei}  - Article notes that global trade has declined at rates not seen since WWII, experts see trend continuing through 2010

[08:09] {Threei}  - Shippers are seeking newer, larger vessels that carry up to 13.8K containers, seeking expanded economies of scale

[08:09] {Threei}  - Shippers will be able to sell space at cut rate prices to fill vessels, average rate for Europe-Asia route has recently fallen to as low as $300 per container

[08:09] {Threei}  - Drastic rate cuts and introduction of increasingly large vessels has placed pressure on smaller firms, with industry giants seeking to use period of macro-economic decline to squeeze out competitors

[08:17] {Onix} Good morning all

[08:17] {Threei}  onix :)

[08:17] {nemo}  Happy Monday...mmmmh...that's an oxymoron

[08:17] {Threei}  nemo :)

[08:17] {nemo} Vad :)

[08:18] {Threei}  FMCN

[08:18] {Threei}  HOLDER FOSUN INCREASES STAKE TO 21.3% FROM APPROX 17% PRIOR - FILING

[08:18] {Threei}  serious bidder on GERN

[08:18] {Threei}  absoerbed all the selling

[08:19] {Threei}  BALTIC DRY BULK INDEX UP 1.5%, FIFTH STRAIGHT INCREASE

[08:21] {Threei}  interesting test at 7.60 GERN

[08:22] {Threei}  it has a chance to turn from one day wonder into a momo runner... so, watching it to try and gauge if this is what's happening

[08:23] {Threei}  inhaled that offer

[08:23] {hawkfan4} watching like a hawk

[08:23] {Threei}  :)

[08:24] {Threei}  on a positive side... nice news, support for the field coming from new administration...

[08:24] {Threei}  on a negative - after all it's that same GERN that used phrases like "fountain of youth" in its 1990s self-hype

[08:25] {Threei}  and failed to hold any gains for many years

[08:25] {Threei}  CAT

[08:25] {Threei}  ENTERS INTO $2.25B REVOLVING CREDIT FACILITY WITH BANK OF TOKYO-MITSUBISHI UFJ, LTD - FILING

[08:35] {hawkfan4} vad, u still have a cat?

[08:36] {Threei}  it's my son's girflried's cat... we babysat it while they traveled over SE Asia, now the cat is a guest on frequent occasions

[08:36] {magoo} morning

[08:36] {Threei}  magoo :)

[08:37] {hawkfan4} ah, i'm trying to get used to trading with 2 kittens crawling all over me :)

[08:37] {patience} good monday morning RT  :)

[08:37] {Threei}  patience :)

[08:37] {Threei}  my biggest problem was, the space behind monitors is very lucrative place for a cat,

[08:38] {Threei}  and when she tried to stand on her legs, she runs a risk to turn the monitor over, lol

[08:38] {nemo} When I visit my ex the cat's decide to hop up and lay down on the keyboard.

[08:39] {Threei}  that's why I don't use keystrokes

[08:39] {hawkfan4} lol :) i keep a can of the compressed air handy, good for scaring them off if they got too wild

[08:39] {nemo} enough cats on keyboards you either go broke or get Shakespeare (maybe tolstoy in your case)

[08:41] {Threei}  at this point GERN looks to me like a possible play on squeezing premature shorts

[08:41] {cujo} CAT +.22

[08:42] {hawkfan4} nice cujo

[08:42] {cujo} thanks hawk

[08:45] {Threei}  SLW broke it's high from previous run in Dec

[08:45] {Threei}  if commodities strength continues, there is no real resistance for SLW up to 8

[08:52] {Threei}  one more very interesting chart in the same field: AUY

[08:52] {Threei}  see this C&H on daily?

[08:52] {cujo} y

[08:53] {Threei}  8 break launches it

[08:53] {hawkfan4} nice

[08:53] {cujo} to 11?

[08:54] {Threei}  chart wise, there is some minor resistance at 9, then clear to 11

[08:54] {Threei}  but this is commodities field

[08:54] {Threei}  requires continuous strength in PMs

[08:55] {nemo} wasn't slw significantly higher before when silver was at this level...or doesn't that matter?

[08:57] {elepet} good morning

[08:57] {Threei}  elepet :)

[08:58] {Threei}  I don't know nemo... I am not really a fundamental trader, and this is not a straightforward stock

[08:58] {cosmo} CAT comes back  ...the very next day?

[08:58] {hawkfan4} geesh, ROH

[08:58] {Threei}  requires a research much deeper than I am willing to do and capable of doing

[08:58] {hawkfan4} lol cosmo

[08:58] {elepet} auy one of my beat down "investments". noticed jump this morning. any explanation?

[08:59] {Threei}  commodities strength elepet

[09:01] {Threei}  ROH, Dow Chemical cancels the deal...

[09:01] {Threei}  was supposed to be at $78

[09:03] {Threei}  look at this news item and tell me, is it any wonder all these banks and brokerages are so beaten up:

[09:03] {Threei}  CITIGROUP ANALYST: CANADIAN DOLLAR COULD WEAKEN FOLLOWING ELECTION

[09:03] {Threei}  - Maintains short position in USD/CAD{EUR/CAD CAD

[09:04] {Threei}  first, what election? there is none on horizon

[09:04] {Threei}  second, if he thinks CAD could weaken, why does he maintain short in USD?

[09:04] {hawkfan4} he's perfectly hedged against possibly making any money

[09:05] {Threei}  rofl

[09:05] {nemo} maybe it was an accidental re-run of a story from before the US election.  Seen that happen before.

[09:10] {KSystems} good morning :)

[09:10] {Threei}  ks :)

[09:11] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {Threei}  ok you guys, mags, dino... do talk to KS when he and you have time to fix this mirc issue you are having

[09:12] {Threei}  must be tiring to type in all this stuff every morning

[09:13] {dino} understatment

[09:14] {Threei}  be back in 5

[09:19] {ese} good morning

[09:19] {Threei}  ese :)

[09:19] {Threei}  want to see some tight consolidation, then break in AUY and SLW

[09:19] {ese} hey vad

[09:19] {Threei}  want to see nice deep pullback in STT

[09:19] {Threei}  not sure what I want to see in GERN but I'll know when I see it

[09:20] {dptl} gm all

[09:20] {Threei}  dp :)

[09:22] {nemo} BAC and C moving up

[09:22] {fernp} Hello everybody

[09:22] {Threei}  yeah... these two, I don't have a firm read on

[09:22] {Threei}  fewrn :)

[09:25] {Threei}  let me do quick recap in #floor for late joiners

[09:28] {nemo} Did I freeze up again

[09:28] {Threei}  not that I see

[09:28] {nemo} oh, saw the quick recap thing and then nothing, thought I was toast

[09:28] {Threei}  recap itself was posted in #floor

[09:30] {nemo} ty

[09:31] {Threei} Long Setup:  AUY  8.08 if stays above 7.95

[09:32] {magoo} more than scalp?

[09:32] {Threei} Long Setup:  SLW  7.25 if stays above 7.15

[09:32] {Threei}  I think so mags

[09:33] {magoo} DRYS?

[09:33] {KSystems} in AUY .09

[09:34] {magoo} in both

[09:34] {magoo} in DRYS now .50

[09:34] {KSystems} in SLW .25 out half .35

[09:35] {Threei}  SLW 1:1, half out

[09:35] {Threei}  AUY 1:1 half out

[09:35] {KSystems} both half out @ 1:1

[09:35] {KSystems} AUY quart mkore out 1:2

[09:35] {Threei}  AUY is actually way above 1:1, lol

[09:36] {Threei}  GERN pullback into .60 is entry zone

[09:37] {Threei}  SPOT GOLD AT SESSION HIGHS AND APPROCHING ITS DOWNTREND LINE FROM MAR 2008 HIGHS

[09:37] {dino} itri

[09:37] {Threei}  GERN is asking what's pullback?

[09:37] {magoo} big Q spike

[09:38] {nemo} tck running also

[09:38] {Threei}  AUY, offer 1/4 more above .40

[09:39] {Threei}  OK GERN, better

[09:39] {Threei}  prepare entry half lot

[09:39] {dino} eqix 

[09:40] {dino} markup week, lets look for previous pattern

[09:40] {Threei}  if no more donticks GERN, let's try .81 with stop under .65

[09:41] {Threei}  if loses .65, want entry closer to .50

[09:41] {magoo} exit SLW?

[09:41] {Threei}  SLW, offer 1/4 above .40

[09:42] {Threei}  good boy SLW

[09:42] {KSystems} in GERN

[09:42] {magoo} out SLW .42 TY out AUY .34TY

[09:42] {dino} gj

[09:43] {magoo} in GERN 

[09:43] {Threei}  wtg mags

[09:43] {cujo} out .40 SLW 

[09:43] {cujo} thanks

[09:43] {Threei}  welcome

[09:43] {Threei}  market seems to be ready to pull back

[09:43] {magoo} waiting near 12 DRYS

[09:44] {Threei}  let's tighten GERN to under .70 if uncomfortable

[09:44] {Onix} ty Vad, made some $$ in both SLW & AUY 

[09:44] {Threei}  :)

[09:45] {Threei}  SLW looks stronger than AUY

[09:45] {Threei}  AUY stop to .14 for the balance

[09:46] {dino} out itri .25, major slip, +.65

[09:47] {Threei}  GERN lost support

[09:48] {Threei}  SLW stop to under .30 for the last portion

[09:49] {dino} watching mcd

[09:51] {ese} Long MRVL 6.89

[09:51] {ese} sm 300

[09:54] {Threei} Long Setup:  STT  20.11 half lot if stays above 19.95

[09:54] {magoo} news RIMM vad?

[09:54] {hawkfan4} yes mags, WSJ article about lackluster sales of new bberry

[09:55] {Threei}  01/25/09 08:19pm

[09:55] {Threei}  [RIMM] Research in Motion Ltd Clues into the demand for the new BlackBerry Storm are expected from Verizon's Q4 reports, particularly in light of some reported complaints from users about the product's technical bugs - WSJ

[09:55] {Threei}  - Despite a marketing campaign that cost more than $100M, the smart phone has gotten off to a bumpy start.

[09:55] {Threei}  - Some early buyers have complained about technical bugs with RIM''s first touch screen BlackBerry, although others say most new gadgets have problems that need to be ironed out.

[09:55] {magoo} ok TY hawk

[09:55] {ese} even better 6.8873.....

[09:56] {Threei}  AUY

[09:56] {Threei}  HSBC CUTS AUY TO UNDERWEIGHT FROM NEUTRAL

[09:56] {nemo} no worky STT?

[09:56] {cujo} nope

[09:56] {Threei}  it never triggered

[09:57] {Threei}  puts it in "invalidated" category rather than "no worky"

[09:57] {nemo} Lot of excitement out of the gate and now fade

[09:57] {Threei}  we grabbed our share of excitement

[09:57] {nemo} yep

[09:58] {Threei}  moved to cash, waiting to see what's next

[09:59] {Threei}  DEC EXISITNG HOME SALES: 4.74MM V 4.40ME (+6.5% M/M)

[09:59] {Threei}  wow

[09:59] {cujo} exciting morning

[10:00] {Threei}  been quite a while since home sales looked positive

[10:00] {Threei}  DEC LEADING INDICATORS: 0.3% V -0.2%E

[10:01] {nemo} hehe STT triggered

[10:01] {Threei}  STT... why did you have to invalidate the setup before triggering?

[10:01] {dino} all is well again

[10:01] {nemo} I said no worky...you said invalidate

[10:01] {Threei}  yup

[10:02] {Threei}  no worky means triggered and stopped nemo

[10:02] {dino} wmt sm l.20

[10:02] {Threei}  actual loss

[10:02] {Threei}  invalidated is simply no play

[10:02] {nemo} o.k.

[10:02] {nemo} Couldn't find "no worky" in dictionary

[10:02] {cujo} any read on HOV Vad?

[10:03] {Threei}  wrong dictionary... gotta look in Threeiish

[10:03] {Threei}  nah

[10:03] {nemo} anything like elvish?

[10:03] {Threei}  gotta hunt for pullback entries after such spike

[10:04] {Threei}  DRYS closer to .50

[10:04] {Threei}  STT closer to 20.10

[10:04] {Threei} Long Setup:  DRYS  .56

[10:05] {Threei}  stop will be defined by the low of this pullback

[10:05] {KSystems} in

[10:05] {Threei}  under .50 for scalpers

[10:05] {Threei}  under .45 for the sane traders

[10:06] {Threei}  under .40 for super-optimists

[10:07] {Threei}  if market resumes upward move and DRYS breaks .70, 12 shouldn't be a problem

[10:07] {ese} go Obama go....solar screen greener than the first day of spring!

[10:09] {dino} lol

[10:09] {Threei}  ok market... let's show the next leg

[10:09] {Threei}  and start day-long 'ally

[10:10] {magoo} straight up 550 points

[10:10] {dino} -3 f at bus stop today, spring can't get here fast enough

[10:10] {magoo} -4 in my bedroom

[10:11] {Threei}  if it's any consolation dino... Winnipeg is much colder

06[10:11] * Threei kicks DRYS in the rear with steel-toed heavy duty army boots

[10:11] {dino} it is not.........:)

[10:11] {Threei}  scalpers have theit 1:1 and more

[10:11] {magoo} nice kick

[10:12] {fernp} ty Vad

[10:12] {Threei}  welcome sir

[10:12] {cujo} out

[10:12] {cujo} thanks Vad

[10:12] {ese} added another 600 shs at .86 and scalped MRVL for .10 out . .88

[10:12] {Threei}  cujo :)

[10:12] {Threei}  sane traders: half out here DRYS

[10:12] {Threei}  stop to under .50

[10:13] {Threei}  let's see if it has legs to take us over 12

[10:14] {dino} gj es

[10:17] {Threei}  STT really left us in dust

[10:19] {Threei}  CNBC'S FABER: ROH TO FILE SUIT AGAINST DOW IN DELAWARE CHANCERY COURT WITHIN THE HOUR

[10:19] {Threei}  {DOW}

[10:19] {Threei}  DRYS stop can be trailed to under .55 now

[10:20] {Threei}  preserve us from lower high scenario and minimize stop to practically breakeven for the balance

[10:21] {Threei}  someone tell STT it's not really kosher to act like this

[10:22] {dino} hod's

[10:24] {Threei}  we already know violence works today... let's see if "nice" does too

06[10:24] * Threei sends DRYS a postcard with invitation to visit 12 and nice image of flowers

[10:24] {dino} cpla sm l .95 wide

[10:25] {nemo} tell STT what to do, and auy slw while you're at it

[10:26] {Threei}  new high DRYS

[10:26] {magoo} its working vad lol

[10:26] {Threei}  odd :)

[10:27] {nemo} so, you gonna' switch over from the dark side?

[10:27] {Threei}  even super-optimists have 1:2 on DRYS

[10:28] {Threei}  I doubt it nemo... I enjoy kicking things too much

[10:28] {dino} out t .10, +.40

[10:30] {Threei}  stop to under .60 on DRYS balance, no lose territory

[10:31] {Threei}  chart wise under .70 is valid too... it's just that knowing DRYS I like to give it a little more breathing room

[10:31] {Threei}  but if you cheris every cent of profit, trail it to to under .70

[10:31] {Threei}  cherish

[10:32] {larisa} GERN woke up

[10:32] {Threei}  yeah... grrr

[10:32] {hawkfan4} great calls vad, thx

[10:32] {dino} out wmt .60, +.40

[10:32] {Threei}  welcome hawk... I wish I got GERN right

[10:33] {Threei}  have this nagging feeling it prepares a big surprise but actual reading of the entry is not a small feat on it

[10:33] {Threei}  STT

[10:33] {Threei}  HEARING STRENGTH ATTRIBUTED TO TAKEOVER CHATTER

[10:34] {Threei}  LOL!

[10:34] {Threei}  IMF'S STRAUSS-KAHN: SURPRISED USD HAS NOT WEAKENED

[10:34] {Threei}  market prognosticators my a$$

[10:34] {Threei}  pardon my french

[10:34] {Threei}  these guys are beyond ridiculous when they start expressinbg their opinions on market

[10:35] {Threei}  GM

[10:35] {Threei}  TO ANNOUNCE ADDITIONAL PRODUCITON CUTS, MAY AFFECT APPROX 15 PLANTS IN US AND CANADA

[10:35] {Threei}  - Production cuts could cost 2K jobs

[10:36] {Threei}  pres speech... waiting it out other than nursing DRYS balance

[10:36] {ese} bstop APOL .32 sm

[10:37] {Threei}  we are 3 for 4, don't want to push during live speech on economy

[10:37] {ese} in .31   nice

[10:37] {ese} stop .00

[10:38] {nemo} aren't you 3 for 3 stt didn't trigger accoring to system

[10:38] {Threei}  4 calls, 3 worked, 1 stopped

[10:38] {nemo} oh.

[10:38] {Threei}  GERN stop

[10:38] {Threei}  DRYS, AUY, SLW worked

[10:38] {hawkfan4} nice heads up on MCD dino, took +.18 on it but unfortunately sold it about 1.30 ago

[10:38] {Threei}  ENER...

[10:39] {dino} gj, i was too stingy, never filled

[10:39] {Threei}  trying to break while prez speaks of energy independence

[10:39] {ese} Apol   stopped....88

[10:39] {Threei}  new standards for cars starting 2011

[10:40] {ese} ya win some...ya loose some....

[10:40] {Threei}  40% increase efficiency?

[10:40] {dino} need to switch to natural gas

[10:40] {nemo} 40% in two years...see ya" GM CHRYSLER AND FORD!!

[10:40] {dino} clne moves on his talk

[10:40] {Threei}  PRESIDENT OBAMA: CONGRESS SHOULD SET 35MPG STANDARD FOR CARS BY 2020

[10:41] {hawkfan4} GERN pulling back

[10:41] {magoo} way to kick the auto industry while its down imo

[10:41] {Threei}  - would be a 40% fuel efficiency increase.

[10:41] {Threei}  - says fuel efficient cars must be built in the US.

[10:41] {Threei}  hmm

[10:41] {Threei}  text says by 2020, I swear I heard 2011

[10:42] {nemo} DTs?

[10:42] {ese} long APOL .80

[10:42] {ese} pullback

[10:42] {Threei}  yeah mags, GM CEO likened this to making a cancer patient run marathon right after finishing chemo

[10:43] {ese} stop .50  apol

[10:44] {Threei}  see how tough GERN's read is

[10:44] {Threei}  chart wise, 8 was the entry point on pullback

[10:44] {Threei}  I kept away

[10:45] {Threei}  suspecting it will be much worse than that

[10:45] {Threei}  sure enough is stretched bands much further

[10:45] {Threei}  now, 7.80 is screaming buy

[10:45] {Threei}  but I am in doubt

[10:47] {ese} ahhhhhhhh...stopped apol .49  

[10:47] {Onix} :(

[10:47] {ese} god thing sm shs....thought it was gonna bounce

[10:48] {Threei}  I guess players hoped for stem cells research to be mentioned

[10:48] {Threei}  market quieted down

[10:48] {ese} are you looking at STEM vad

[10:49] {Threei}  with dusgust

[10:49] {Threei}  lol

[10:49] {Threei}  out of stem cell plays, none other than GERN looks legit to me

[10:50] {Threei}  STEM and ASTM - honestly I find it hard to believe they are still around

[10:50] {Threei}  have a look at GERN...

[10:50] {ese} ok

[10:50] {Threei}  BCON

[10:50] {Threei}  SIGNS AGREEMENT FOR FLYWHEEL TECHNOLOGY FOR GRID APPLICATIONS

[10:51] {Threei}  - executed an information sharing and performance evaluation agreement with the energy utility company National Grid.

[10:51] {Threei}  - Under the two-year agreement, the companies will share technical, performance and economic data associated with Beacons flywheel energy storage systems and their potential operational value to National Grids electricity transmission networks. Objectives of the agreement include National Grids evaluation of Beacons flywheel energy storage systems not only for fast-response frequency regulation, but also for wind-related ramp mitigation another potential large-scale grid stability application.

[10:52] {Threei}  glad I didn't bite GERN... looks very shaky to me

[10:52] {ese} indeed

[10:52] {ese} like this flywheel tech though

[10:55] {dino} reminds me of flies on a ribroast

[10:55] {ese} ?????

[10:55] {dino} :)

[10:55] {Threei}  lol

[10:58] {dino} apol blood

[10:59] {Threei}  ROH

[10:59] {Threei}  CONFIRMS FILED SUIT AGAINST DOW TO CLOSE THE MERGER AGREEMENT AT $78/SHR IN CASH

[10:59] {ese} bounce dino?? apol

[11:00] {dino} apol gap around 77.22

[11:00] {ese} ahhhh

[11:02] {dino} esi blood

[11:02] {ese} bstop ADP .01

[11:03] {dino} thinking yes, but where?

[11:03] {dino} at gap imo, if it gets there apol

[11:03] {ese} hmmmmmmm

[11:03] {dino} esi, soon

[11:04] {dino} esi filled and then som

[11:04] {dino} some

[11:04] {dino} 107.60s

[11:04] {dino} think, think think

[11:05] {ese} nice

[11:05] {ese} could bounce huge

[11:05] {ese} after 110

[11:07] {dino} points, imo

[11:10] {dino} you in es?

[11:15] {Threei}  activity just died

[11:15] {Threei}  wait-and-see mode

[11:16] {nemo} waitin' on Geithner tomorrow?

[11:17] {Threei}  who knows what market is waiting for... Me, I am waiting for the market

[11:18] {nemo} Just throwing it out there...nothin else to do...too early to start drinking, although Ksystems could :)

[11:18] {Threei}  fern too

[11:19] {KSystems} at 5??

[11:19] {nemo} sorry if I insulted magoos sensitivities :)

[11:19] {Threei}  I'd say, you are couple hours late

[11:19] {nemo} nah, malzeit

[11:21] {dino} almost noon here

[11:23] {fernp} 17:21 here. Going to the refrigerator to grab a beer :)

[11:24] {ese} hi dino had to step away from the computor....not in ....am still wating on ADP though

[11:25] {ese} ESI looking good now though

[11:28] {dino} fernp making me thirsty

[11:28] {ese} are you in ESI dino

[11:28] {dino} 110 es was the area, i chickened out wanted 109.50

[11:29] {dino} ugh!

[11:29] {ese} up a bill now almost....still pretty damn good

[11:30] {dino} gj

[11:30] {ese} not me ...you

[11:31] {ese} wheres lisa these days

[11:32] {Threei}  taking family-related break

[11:33] {larisa} is everything ok ?

[11:33] {larisa} oh, Lisa does..

[11:33] {dino} mcd pretty good pullback

[11:34] {Threei}  just can't get GERN's rythm

[11:37] {Threei}  shapes up as 8.10 break if stays above 8

[11:37] {hawkfan4} it has about as much rythm as i do on the dance floor

[11:37] {Threei}  lol

[11:37] {Threei}  I can relate

[11:38] {magoo} dont sell yourself short hawk lol

[11:38] {Threei}  let's consider it sa discretionary call, half lot

[11:38] {nemo} too much kickin' Vad?

[11:38] {Threei}  no such thing

[11:39] {ese} dino...esi is gonna shoot for the stars and your in man.....well done

[11:39] {Threei}  chews through big offers

[11:39] {ese} nice round bottom.......usually big up move ensues

[11:42] {KSystems} well... in .11

[11:43] {dino} not in es, wanted 109.50, did not fill

[11:44] {dino} chtt?

[11:45] {Threei}  07:34am [ACV] Reports Q1 $0.41 v $0.34e (ex items), R $352.8M v $350.3Me; Raises quarterly dividend to $0.075 from $0.065 prior

[11:45] {Threei}  related to CHTT

[11:45] {Threei}  not its own news

[11:46] {dino} ok

[11:47] {nemo} slw showing signs of life?

[11:47] {Threei}  not very much

[11:48] {dino} cat drops

[11:49] {KSystems} gern stopped

[11:57] {dino} cat sm l .45

[12:03] {magoo} vad..any read drys, sttor gern?

[12:05] {Threei}  I don't see any pattern at the moment

[12:05] {Threei}  market is doing nothing... why push it?

[12:06] {magoo} because i missed 3 of my own...so im down a lil

[12:07] {Threei}  missed as in didn't get, or lost on them?

[12:07] {magoo} lost on my own pics

[12:07] {cujo} drys selling off a bit here

[12:08] {Threei}  all the more reasons not to push, right?

[12:08] {magoo} true..obviously not  seeing it

[12:12] {cujo} Vad, MCD, any set up forming

[12:12] {Threei}  pullback into 58, will be worth a look...

[12:13] {dino} seeing the same cujo, just said it to magoo couple minutes ago

[12:13] {cujo} nice

[12:14] {nemo} I suppose this is bad but how's the MACD on MCD?

[12:14] {KSystems} there is your pullback :)

[12:15] {dino} dk dc

[12:18] {Threei}  watch for market strength for entry

[12:18] {Threei}  .85 is closest support for stop placement

[12:19] {cujo} in .07

[12:21] {magoo} in .12

[12:21] {Threei}  half out here

[12:21] {Threei}  or scalp

[12:22] {cujo} out +.20

[12:22] {cujo} thanks vad

[12:23] {Threei}  feel free to take profit in full here

[12:23] {Threei}  solid 50 cents move

[12:23] {Threei}  clean example of "let market come to you"

[12:24] {dino} gj cujo, magoo on mcd

[12:24] {Threei}  and you GERN... you really are irritating creature

[12:24] {magoo} yeah..gern stopped me

[12:25] {Threei}  took profit on MCD mags?

[12:25] {magoo} waiting 61..too high?

[12:26] {hawkfan4} lol

[12:26] {Threei}  frikin GERN is aiming for 9 with any market help

[12:27] {Threei}  broke yesterday's high

[12:29] {magoo} out .55 here TTY

[12:30] {Threei}  :)

[12:31] {magoo} to close to miss

[12:32] {Threei}  (US) OBAMA ADMINISTRATION ENVOY: FAVORING 'VIGOROUS DIPLOMACY' WITH IRAN

[12:33] {dptl} was it a double bottom on stt ?

[12:34] {Threei}  where?

[12:35] {dptl} bounced twice from .60 and then broke .75

[12:35] {dptl} 12:20 12:27

[12:36] {Threei}  not really clean formation... just moves uop and down with market

[12:36] {dptl} ok ty

[12:43] {tomg} intc vad?

[12:44] {Threei}  don't see anything compelling on it

[12:44] {tomg} ok ty

[12:47] {Threei}  EU'S JUNCKER: UNHAPPY WITH FOREX VOLATILITY

[12:47] {Threei}  Prozac?

06[12:53] * Threei slaps laserdave around a bit with a large chart of GERN

[13:01] {ese} outta here.....catch you all later....am long ADP swing trade 38.01...hit my bstop

[13:01] {Threei}  take care ese

[13:01] {ese} see ya vad

[13:01] {cujo} see ya ese

[13:01] {tomg} take care ese

[13:01] {ese} cujo...tom

[13:03] {dino}  cya es

[13:08] {dino} fast fall

[13:08] {dino} stopped cat -.35

[13:10] {cujo} double bottom on gern here?

[13:10] {Threei}  so far, yes

[13:10] {Threei}  but it will really depend on market whether it works or fails

[13:10] {cujo} understood. Thanks Vad

[13:10] {Threei}  GERN wants up badly...

[13:11] {Threei}  but to find an entry on it is daunting task

[13:14] {Threei}  EU'S JUNCKER: DO NOT SEE ANY RISK TO EMU COHESION

[13:14] {Threei}  no?

[13:33] {Threei}  amazing how little was available after first morning plays

[13:34] {KSystems} MCD back at 58

[13:34] {Threei}  not en entry here yet IMO

[13:35] {Threei}  unless market jumps up sharply

[13:36] {Threei}  feels to me, it's going to bust through 58

[13:45] {dino} markets in rinse mode

[13:45] {patience} it's monday

[14:02] {Threei}  selling accelerates

[14:02] {Threei}  some opportunities should be appearing soon

[14:02] {larisa} {yawn}

[14:04] {Threei}  DRYS .15 for a scalp if holding .10

[14:07] {Threei}  changing to from under 11

[14:08] {larisa} what does it mean ? needs to break 11 for scalp ?

[14:09] {Threei}  if loses 11, pauses, holds above .90 and re-crosses 11 with market bouncing

[14:10] {larisa} lol, need to learn threeish

[14:11] {dino} 3ism he prefers

[14:12] {larisa} lets not spoil him dino :)

[14:12] {Threei}  bruce says hello

[14:12] {dino} lol

[14:13] {dino} rimm, hmmmm

[14:15] {Threei}  WHITE HOUSE PRESS SEC: FED HAS 'FIRED' MOST OF ITS BULLETS ON POLICY

[14:15] {Threei}  that sounds inspiring

[14:16] {Threei}  not like we didn't know that

[14:16] {nemo} faz skf anybody :)

[14:17] {dino} now why must they always say things like that

[14:17] {Threei}  NEED FISCAL STIMULUS AT THE MOMENT

[14:20] {dino} sm l mcd .75

[14:24] {Threei}  DRYS is holding 11 well

[14:24] {Threei}  unless NQ makes new lows, should be a scalp off it

[14:25] {Threei}  USO went red

[14:25] {Threei}  who would have thought

[14:25] {Threei}  auy

[14:25] {Threei}  and SLW

[14:25] {Threei}  lost their support as well

[14:25] {Threei}  remember I said in the morning,

[14:26] {Threei}  no matter how nice their charts look,

[14:26] {Threei}  they need general commodities strength

[14:26] {Threei}  look at our exits on them

[14:27] {Threei}  those morning moves practically exhausted the potential for the day

[14:29] {larisa} both calls were great

[14:31] {Threei}  bands are tightening

[14:32] {Threei}  feels like another quick move down beofre eventual recovery

[14:32] {Threei}  WHITE HOUSE PRESS SEC: PRESIDENT OBAMA DOES NOT BELIEVE OIL AND ENERGY PRICES REMAIN AT CURRENT LOW LEVELS

[14:32] {Threei}  - Comments in response to questions regarding the President's alternative energy plans{USO OIH UNG TAN FAN}

[14:32] {Threei}  now president is a trader and price forecaster

[14:33] {KSystems} invite him!

[14:36] {magoo} he certainly is arogant

[14:37] {Threei}  USO responded by retesting the low

[14:37] {dino} easy to bet when it's not your money

[14:45] {hawkfan4} CAT .16, stop .09 1/2

[14:47] {Threei}  what an unlikely mover today... NURO

[14:47] {Threei}  haven't heard this symbol in ages

[14:48] {Threei}  2006 I think was its starry-eyed year

[14:49] {Threei}  remember it in $30s-40s

[14:51] {Threei}  (US) SENATOR LEVIN: URGES TREASURY TO LOOK INTO CITI'S PURCHASE OF A $50M CORPORATE JET

[14:54] {Threei}  didn't catch this market reversal

[14:55] {Threei}  somehow it didn't feel like that was it

[14:55] {Threei}  pace wasn't really changing

[14:55] {hawkfan4} out cat .49, +33

[14:55] {magoo} i took that sob {gern} long off 8

[14:55] {Threei}  wtg haw

[14:55] {Threei}  k

[14:55] {hawkfan4} thx ;)

[14:55] {Threei}  don't oversit mags

[14:56] {Threei}  I don't trust it at all

[14:56] {Threei}  it does literally whatever

[14:57] {magoo} ok

[14:57] {magoo} btw vad...its inVestor...not inWestor  

[14:58] {Threei}  not only I casn't spell it... I don't know the meaning of the word

[14:58] {Threei}  ummm... correction:

[14:58] {Threei}  not only I can't spell. Period

[14:59] {dino} gj hawk

[14:59] {magoo} out .18 

[14:59] {Threei}  but fortunately it's not really needed

[14:59] {Threei}  lookie here:

[14:59] {cujo} nice one hawk

[14:59] {Threei}  i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frs it and lsat ltteer be in the rghit pclae.

[15:00] {hawkfan4} thx 

[15:00] {Threei}  The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt!

[15:01] {hawkfan4} lol

[15:01] {dino} hawk, i owe you one on cat

[15:01] {Threei}  hmmm

[15:01] {Threei}  market spike... neither DRYS or GERN follow

[15:02] {larisa} really azanmig..

[15:02] {Threei}  lol

[15:02] {hawkfan4} nice dino :) no worries, you've paid in advance with your calls

[15:02] {dino} :)

[15:03] {Threei}  beautiful exit on GERN mags

[15:03] {Threei}  1 cent under the high

[15:06] {magoo} lucky

[15:27] {magoo} i here?

[15:27] {larisa} nope

[15:27] {Threei}  you here

[15:27] {Threei}  I not

[15:27] {dino} out mcd .35, +.60

[15:27] {cujo} nice trade dino

[15:28] {Threei}  wtg dino

[15:28] {hawkfan4} nice

[15:28] {dptl} gn all

[15:28] {dino} out cat .85, +.75, thankkkkk youuuuuuuuu hawk

[15:28] {hawkfan4} lol, np

[15:29] {dino} ty guys

[15:29] {Threei}  STT

[15:29] {Threei}  .46 long half lot if you want a try for a scalp, with stop under .35

[15:30] {KSystems} in

[15:31] {Threei}  market should bounce from here

[15:31] {Threei}  and take STT with it

[15:33] {Threei}  1:1 is coming

[15:33] {Threei}  decide for yourself to scalp or partial guys... truly no idea here, lol

[15:34] {Threei}  ever since first hour I couldn't get a feeling for the market today

[15:34] {cujo} thanks Vad

[15:34] {cujo} small scalp on that STT

[15:35] {Threei}  stop to under .40 who is holding

[15:35] {KSystems} that would be me

[15:35] {Threei}  okay

[15:36] {Threei}  risk is very small here

[15:36] {Threei}  so why not

[15:36] {KSystems} I am offering at .57

[15:37] {Threei}  here comes market bounce

[15:38] {Threei}  here follows STT

[15:38] {KSystems} out +.11

[15:38] {KSystems} thank you Big V!

[15:38] {jmb} thanks vad

[15:38] {Threei}  I hope that wasn't nice way to call me fatty

[15:38] {Threei}  welcome though :)

[15:38] {KSystems} :)

[15:39] {Threei}  wow

[15:39] {Threei}  what a timely exit

[15:39] {KSystems} lucky

[15:39] {Threei}  something pulled market hard

[15:39] {larisa} how is weather in Germany, KS ? hurricane affected you ?

[15:39] {Threei}  STT is still okay, but why get stuck in what was designated as a scalp from the beginning

[15:39] {KSystems} hurricane?

[15:40] {KSystems} what hurricane?

06[15:40] * KSystems looks out of the window

[15:40] {Threei}  hey.... what jkust happened?

[15:40] {KSystems} see, I dont have TV so I dont really know, sorry larisa

[15:40] {larisa} lol

[15:40] {KSystems} its rather cold though

[15:40] {Threei}  this looks like news-related

[15:40] {dino} ah, sorry, tripped over extension cord

[15:40] {Threei}  ahhh

[15:40] {KSystems} hardest winter in ages, larisa

[15:40] {Threei}  that's global warming KS

06[15:41] * larisa slaps Threei around a bit with a large trout

[15:41] {Threei}  prepare for more warmth

[15:41] {KSystems} happens when CEOs use their private jets too much

[15:41] {KSystems} i know

[15:41] {KSystems} also known as butterfly effect with CEOs

[15:41] {KSystems} CEO in Japan uses privjet, = winter in GER

06[15:42] * Threei wipes fish slim off his face and signs favorite song of his childhood "ain't scared of al gore"

[15:42] {Threei}  oh wait... that was "gray wolf"...

[15:42] {dino} the resorts?

[15:43] {dino} or the enery company?

[15:44] {dino} smts

[15:45] {Threei}  wow

[15:45] {Threei}  nasty close

[15:45] {larisa} complete reversal of friday it feels like

[15:45] {Threei}  market remains green

[15:46] {larisa} 15 more min

[15:46] {dino} rinse market, back to scalps

[15:50] {Threei}  yup

[15:50] {Threei}  and no rhythm whatsoever

[15:50] {Threei}  chaotic up and down

[15:51] {Threei}  GERN finishes up a buck

[15:52] {Threei}  probably a gapper again tomorrow morning

[15:53] {dino} wow i really screwed up missing esi

[15:55] {Threei}  MERRILL LYNCH GLOBAL WEALTH MGMT TO LAY OFF 'ROOKIE' BROKERS

[15:59] {dino} i gues they are not bullish on america

[15:59] {dino} guess

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

[16:00] {cujo} thanks Vad. 

[16:00] {Threei}  have a great evening

[16:00] {cujo} See you tomorrow. 

[16:00] {nemo} nite

[16:00] {Threei}  see you all tomorrow

[16:00] {KSystems} thank you Vad

[16:00] {KSystems} have a great evening

[16:00] {larisa} bye :)

[16:00] {KSystems} thank you all, too, and seeya again tomorrow!

[16:00] {dino} thx all, out of here

[16:01] {hawkfan4} thx all, enjoy

Jan 23 2009

Very strong finish of a nice week. Gap down in the morning was a gift. Some of usual suspects (DRYS, STT) plus GERN made a day. Had a chance for some educational chat with real time illustrations as well.

Session Time: Fri Jan 23 00:00:00 2009

[07:44] {cujo} good morning

[07:46] {elepet} someone else awake! Where do you live and what time is it there?

[07:50] {cujo} New York

[07:50] {cujo} 7:50 AM

[07:50] {cujo} where are you at?

[07:51] {elepet} it's just about 5 here in northern california.

[07:51] {cujo} no Cal... San Fran?

[07:51] {elepet} petaluma...north of there.

[07:52] {cujo} ahhh, in the Emerald Triangle?  Did you see the special on CNBC last night?

[07:53] {elepet} nope. what was it?

[07:53] {cujo} oh, i think you are south of it anyhow

[07:53] {elepet} where?

[07:53] {cujo} it was called "Marajuana Inc"

[07:53] {elepet} not far i believe.

[07:53] {cujo} special about all the legal medicinal weed being grown in northern cal 

[07:54] {cujo} mendocino i think was the center of it?  or at least a big part of the whole thing..

[07:55] {elepet} that's about 2 hours north of me.

[07:55] {cujo} got ya. 

[07:55] {cujo} must be nice to get done trading and have the whold day left to yourself

[07:56] {elepet} did you happen to notice GERN this morning pre market?

[07:57] {cujo} looking now

[07:58] {cujo} wow

[07:58] {elepet} i held overnight.

[07:58] {cujo} get out of here?  REally?  Nice trade man

[07:59] {elepet} haven't sold yet. i have trouble selling.

[07:59] {cujo} I always sell too early :)

[07:59] {cujo} at least right now.  Trying to get over it. 

[08:00] {elepet} it's a bit of a crapshoot. I held DRYS. about same loss,

[08:00] {cujo} Higher on news?

[08:01] {elepet} big news. i forget what it is, but it 's big.

[08:01] {elepet} when i woke up, it was at 7.20 and i thought i was still asleep.

[08:02] {cujo} ha ha... It was all just a dream

[08:04] {elepet} and drys was at 9.00. a nightmare this time, but it seems to be moving up a bit.

[08:06] {elepet} why does magoo keep getting kicked off?

[08:07] {magoo} morning

[08:08] {elepet} hey...another early riser. why do you keep getting kicked?

[08:09] {cujo} morning magoo

[08:09] {magoo} u know..i spent 3 days to finally get into mirc

[08:09] {cujo} fun times

[08:09] {elepet} traders taking profit on GERN pre market. wonder if i should.

[08:09] {magoo} but something isnt quite setup correctly

[08:09] {cujo} 24% not too shabby el

[08:09] {magoo} it doesnt save and open instantly

[08:10] {cujo} room settings or wondow size?

[08:10] {cujo} brb

[08:10] {magoo} i need KS i guess...

[08:10] {nemo} mornin'

[08:10] {magoo} but was tired  of messing with it

[08:10] {nemo} mornin'

[08:11] {nemo} mags, am I registering?

[08:11] {magoo} EL..imo..take profit into green spike...can always reload it on a pullbk

[08:12] {magoo} morning ES

[08:12] {elepet} what is a green spike?

[08:13] {cujo} profitable spike

[08:13] {cujo} if you are long 

[08:13] {magoo} u have minute charts up correct?

[08:14] {magoo} a candlestick bar

[08:14] {elepet} no.

[08:14] {magoo} huh? no charts?

[08:14] {hawkfan4} morning 

[08:15] {cujo} need hte charts

[08:15] {patience} good friday morning  :)

[08:15] {cujo} morning HAwk

[08:15] {magoo} el..u must have charts??

[08:15] {magoo} BIRD:)

[08:15] {cujo} see any trades in GS in the future?

[08:16] {magoo} beauty on GS hawk

[08:16] {cujo} I gotta have me some cowbell, cowbell = charts

[08:16] {nemo} mornin'

[08:16] {hawkfan4} i'm sure i will, i like that stock. mags you actually reminded me to keep a close eye on it

[08:17] {elepet} I thought i was leaving for mexico and cancelled  my data feed with charts. now just watching lvel 2 on broker site. Gern has gone up .25 as we've been speaking.

[08:17] {magoo} actually..i trade it most days too...its a good market indicator also

[08:17] {magoo} markets cant go up without GS 

[08:18] {magoo} see, imo..u got 5 green bars in row gern

[08:18] {magoo} a red is coming

[08:18] {elepet} and keeps going up. guess i'll wait till market opens and see what happens.

[08:19] {elepet} i can visualize it from level 2

[08:19] {hawkfan4} there's the red

[08:19] {magoo} [08:18] {magoo} a red is coming

[08:19] {elepet} and there it is.

[08:19] {magoo} see u could exit..then reenter

[08:19] {magoo} make it twice

[08:19] {magoo} over n over

[08:20] {magoo} without risking a stop out neg

[08:20] {magoo} no guarentees in this mkt

[08:20] {magoo} people may take profit and not come back

[08:20] {magoo} need COFEE

[08:20] {hawkfan4} me 2

[08:21] {elepet} o.k. i get it. there will no douht be another green spike when market opens. new people will read the news. I think. i had coffee an hour ago. woke up at 3:00 am

[08:21] {magoo} youve lost 60 cents

[08:22] {magoo} 6.90 to 6.33

[08:23] {magoo} please..do not be offended..just a different way to manage the trade

[08:23] {elepet} think there will be another 8.90 or so?

[08:24] {elepet} should i put in a limit order at that price? seems to be moving up again.

[08:25] {Threei}  Good morning

[08:25] {larisa} morning :)

[08:25] {magoo} 8.90??

[08:25] {Threei}  larisa :)

[08:25] {magoo} morn boss

[08:25] {Threei}  magoo :)

[08:25] {cujo} morning Vad

[08:25] {elepet} hi there vad.

[08:25] {Threei}  cujo :)

[08:26] {Threei}  BALTIC DRY BULK INDEX + 3,7%

[08:38] {magoo} end of world today i guess...sigh

[08:38] {cujo} yeah sounds like it. 

[08:38] {hawkfan4} .

[08:40] {magoo} man..i keep duct taping my house..then world doesnt end...tear it off...then end comes again like today and i gotta redue all that work

[08:44] {i2romantis} morning everyone

[08:44] {cujo} morning i2

[08:44] {i2romantis} not sure what I missed in the last two days, but seems that markets are taking a big dive

[08:44] {i2romantis} hi cujo

[08:45] {Threei}  i2r :)

[08:45] {i2romantis} 3i:)

[08:46] {i2romantis} we are supposed to keep the recession away from our doors, what is this :)

[08:46] {nemo} Vad...what watchin' this mornin'?

[08:47] {Onix} Good morning all

[08:47] {Threei}  don't have candidates so far except usual suspects

[08:47] {Threei}  onix :)

[08:48] {nemo} How about GOOG :)

[08:48] {Threei}  not in cards :)

[08:48] {nemo} Heard that one before...

[08:49] {nemo} whoa...those futures???

[08:52] {Threei}  GERN is morning hero

[08:52] {Threei}  nice beating DRYS

[08:52] {cujo} el held GERN overnight!

[08:53] {elepet} and still have it.

[08:53] {hawkfan4} nice

[08:54] {Threei}  I took 2K at .20

[08:54] {Threei}  dumped one

[08:54] {cujo} nice trade 3i

[08:54] {Threei}  will see if I can't get over 7

[08:55] {Threei}  (EU) EU'S BUTI: ECONOMIC CRISIS IN EU 'NOT A BLIP' BUT RATHER STRUCTURAL; NOTES RECOVERY WILL TAKE A WHILE

[08:55] {Threei}  - Sees potential for fiscal crisis in EU

[08:55] {Threei}  - Notes US, Europe economies are not in 'V-shaped' recovery

[09:00] {Threei}  GERN all the way back

[09:05] {elepet}  just sold slw +.20 but waiting till market opens to sell GERN. in at 5.21. doesn't make sense does it?

[09:05] {cujo} eh, mkt looks ugly

[09:05] {cujo} at least in the open

[09:06] {patience} gold stocks doing ok, gold is up overnight

[09:06] {elepet} investor mentality. don't know if i'll make it to trader.

[09:08] {Threei}  gotta learn to take profits

[09:08] {nemo} who? you vad?

[09:09] {Threei}  ?

[09:09] {Threei}  talking to elepet

[09:09] {dino} gm all

[09:09] {nemo} nevermind...

[09:09] {Threei}  dino :)

[09:09] {dino} end    of    days    (again)

[09:09] {cosmo} friday?

[09:10] {elepet} sometimes i do. then stock goes up after i sell.  sometimes i don't and it goes down. bizarre.

[09:10] {cujo} will always happen, unless stocks stop moving ;)

[09:10] {dino} feels like last friday

[09:10] {Threei}  really... you want to be right everey single time?

[09:10] {hawkfan4} EOD part XXIIVI

[09:10] {cujo} Is that in the BVO Vad?

[09:11] {Threei}  what is?

[09:11] {cujo} The "right every time package"?

[09:11] {Threei}  no... that's platinum membership

[09:11] {cujo} he he

[09:11] {Threei}  secret room

[09:11] {cujo} nice

[09:11] {dino} ndx gaps 1136, and 1085; s&p 800

[09:11] {Threei}  unfortunately I lost keys

[09:12] {cujo} :(

[09:12] {nemo} get lapdances in there?

[09:12] {cujo} KS, you got the keys?

[09:12] {cujo} forgothe is away

[09:12] {dino} did someone say "lapdances"

[09:12] {nemo} no...wrote it

[09:12] {dino} lol

[09:19] {Threei}  dumped second K on GERN

[09:19] {Threei}  what the heck, I am starting the day with 2.5K profit

[09:19] {Threei}  why mess with it

[09:19] {Threei}  and that's after that yesterday's %500 gift from GOOG

[09:19] {cujo} nice room to move.  That including the GOOG from yesterday?

[09:19] {Threei}  no

[09:19] {Threei}  yesterday is yesterday

[09:20] {Threei}  who wants to laugh at my expense, feel free:

[09:20] {Threei}  when I woke up and looked at GERN,

[09:20] {Threei}  I didn't realize at once there was a handle change

[09:20] {Threei}  thought I got 40-50 cents gap

[09:20] {Threei}  when sold, couldn't understand where the much bigger profit came from

[09:20] {dptl} gm all

[09:21] {Threei}  then saw it was 6, not 5 anymore, LOL

[09:21] {Threei}  dp :)

[09:21] {hawkfan4} lol, nice surprise

[09:21] {cujo} those are the nice trading mistakes ;)

[09:21] {patience} spending money for the bahamas  :)

[09:21] {cujo} or oversights i should say

[09:23] {dino} when you get lucky bokk it, livermoore

[09:23] {Threei}  oh yeah

[09:23] {Threei}  that's a gift

[09:23] {ese} good morning

[09:23] {Threei}  horse... teeth..

[09:24] {Threei}  ese :)

[09:24] {wishbone} good morning

[09:24] {Threei}  wish :)

[09:24] {Threei}  DRYS nice price, and dry index is up again...

[09:24] {Threei}  will be a player at some point, just very risky

[09:25] {hawkfan4} a quick trip under 9 would be nice

[09:30] {dino} so would a quick golf trip

[09:30] {Threei}  lol

[09:30] {hawkfan4} lol, would be even better

[09:30] {Threei}  here is 9

[09:31] {dino} john thain spends $1 million re-decoirating his office, then gets canned

[09:31] {dino} 22k on drapes

[09:31] {Threei}  tough

[09:32] {Threei}  DRYS formed the setup... 9.20 break if holding 9

[09:32] {nemo} Thain was a buddy of mine's roommate at MIT

[09:32] {Threei}  scary one

[09:32] {Threei}  at your discretion guys

[09:32] {Threei}  risk is not to be underestimated

[09:32] {Threei}  if go for it, keep your size reasonable

[09:33] {magoo} in

[09:33] {Threei}  who would have doubt

[09:33] {Threei}  magoo and risk

[09:34] {Threei}  twins

[09:34] {nemo} he's the evil one

[09:34] {Threei}  almost hit 1:1

[09:34] {Threei}  then market hiccup pulled it back

[09:34] {cujo} Thanks Vad.  +.12

[09:35] {magoo} yeah was wait .45 hity .38

[09:35] {Threei}  welcome to gamblers list cujo

[09:35] {cujo} thanx

[09:35] {Threei}  it it can hold 9 during this market dump

[09:36] {Threei}  I'd say it has much more in it on market bounce

[09:36] {Threei}  try to partial mags

[09:36] {Threei}  if it jumps again I mean

[09:36] {dino} watching mcd, wmt, & aapl for gap

[09:36] {Threei}  with any market strength I won't be surprized to see 10

[09:37] {Threei}  wow GERN

[09:38] {cujo} Vad, STT?

[09:38] {Threei}  need one more steep leg down

[09:38] {Threei}  18.50 at least

[09:38] {cujo} got it.  thanks

[09:39] {Threei}  volatile stock as it is, and we have very volatile opening

[09:39] {Threei}  so I am double-careful on it

[09:40] {Threei}  half out DRYS mags?

[09:40] {Threei}  jumped over .40 for 1:1

[09:40] {magoo} not yet

[09:40] {magoo} waiting .87

[09:40] {Threei}  aren't you a greedy one

[09:40] {magoo} i like the way its acting

[09:40] {Threei}  profits are to be cherished

[09:40] {Threei}  protected

[09:41] {Threei}  give it a room if you like it, but protect part

[09:41] {magoo} indeed

[09:41] {nemo} that's what I thought about women

[09:41] {Threei}  sigh

[09:41] {magoo} i lwas telling EL this morn

[09:43] {dino} mcd sm l .40

[09:43] {Threei}  I am out half .47

[09:43] {magoo} SSTSTT

[09:43] {magoo} STt

[09:43] {magoo} sigh

[09:43] {magoo} STT

[09:44] {Threei}  jumped from exactly 18.50

[09:44] {Threei}  well... 18.46

[09:46] {Threei}  from under 18 this time

[09:46] {magoo} u make call

[09:46] {magoo} UGLY

[09:46] {Threei}  market sharp red bar

[09:47] {Threei}  but overall STT is ready

[09:47] {Threei}  one more setback, shallow one this time,

[09:47] {Threei}  then break of 18

[09:47] {Threei}  ideal scenario

[09:48] {Threei} Long Setup:  STT  half lot 18 break if stays above 17.80

[09:48] {magoo} in

[09:48] {Threei}  keep your stop as if your life depended on it

[09:48] {Threei}  this one is not to toy with

[09:49] {Threei}  if fails you can find yourself being a dollar or two down in no time

[09:50] {Threei}  stop on DRYS is trailed for the balance, right?

[09:50] {magoo} yup

[09:50] {Threei}  good

[09:50] {magoo} waiting .87 drys

[09:51] {magoo} .63 stt

[09:51] {hawkfan4} waiting .86

[09:51] {Threei}  lol

[09:51] {hawkfan4} kidding

[09:51] {Threei}  OK STT... it's time

[09:51] {dptl} waiting 19

[09:51] {Threei}  move you lazy butt

[09:51] {Threei}  over 1:1

[09:51] {Threei}  half out .23

[09:52] {Threei}  scalpers are scalpers, they took their profit and laugh at us

[09:52] {Threei}  umm... now we laugh at them

[09:52] {Threei}  I am out in full

[09:52] {Threei}  1:2

[09:52] {cujo} out .25

[09:53] {tomg} thanks vad stt

[09:53] {dptl} half .40

[09:53] {Threei}  .25?

[09:53] {Threei}  oh, sorry, confusing my stocks

[09:53] {Threei}  welcome guys

[09:53] {cujo} no worries

[09:53] {cujo} great call

[09:53] {Threei}  morning panic proves to be quite profitable event for us

[09:53] {magoo} out STT .69 TY 

[09:53] {magoo} +.69

[09:54] {hawkfan4} 1/2 out .63

[09:54] {Threei}  OK, I need to mark this day in calendar... I made magoo happy

[09:54] {magoo} yesterday u did{remember all compliments+beauty}

[09:54] {nemo} it's early yet...

[09:54] {Threei}  I thought you were just hitting on me

[09:55] {dino} lol

[09:55] {dptl} out 19 +1.00 ty

[09:55] {dino} tough task you have vad

[09:55] {Threei}  sheesh dp

[09:55] {magoo} nah..i like women

[09:55] {dino} wow dp

[09:55] {Threei}  I so do dino...

[09:55] {hawkfan4} out .98 rest, beauty(call)

[09:55] {dino} gj

[09:55] {dptl} [06:51] {&Threei}  OK STT... it's time

[09:55] {dptl} [06:51] {dptl} waiting 19

06[09:55] * Threei slaps dptl around a bit with a large reminder to be humble and not to take all the money there is in the market

[09:55] {magoo} kickin DRYS

06[09:56] * Threei slaps hawkfan4 around a bit with a large the same reminder

[09:56] {larisa} CNBC hype CSIQ

[09:56] {Threei}  huge jump

[09:57] {dino} don't listen to him guys, make hay when the sun shines

[09:57] {Threei}  very true

[09:58] {Threei}  don't listen to me, just let me know when you all don't anymore

[09:58] {Threei}  so I retire :)

[09:58] {Threei}  DRYS, needs to break .60

[09:58] {hawkfan4} 1/2 out drys .51

[09:58] {Threei}  that will take us into 1:2 territory

[09:59] {Threei}  and clear path for more

[09:59] {magoo} STT reload area?

[09:59] {Threei}  so make up your mind, to take it off or let it trade and try for something closer to 10

[09:59] {Threei}  on clear bottoming signal mags, yes

[09:59] {Threei}  like recross .50

[09:59] {Threei}  after little consolidation

[10:00] {Threei}  so far suppoert is .30

[10:00] {magoo} missed that

[10:00] {Threei}  1:1 in a hurry

[10:00] {Threei}  no chasing

[10:01] {Threei}  let it come to you

[10:01] {Threei}  we made a nice profits yesterday by fdoing just that,

[10:01] {Threei}  same thing with today's morning trades

[10:01] {Threei}  you buy breakouts in a bull market

[10:01] {Threei}  in what we have now you wait for the market to come to you

[10:02] {Threei}  good boy DRYS... now go

[10:03] {Threei}  PRESIDENT OBAMA AFFIRMS TARGET FOR ECONOMIC STIMULUS IN LATE FEBRUARY, STIMULUS IS 'ONE LEG OF THREE LEGGED STOOL'

[10:03] {Threei}  - Notes another leg of stool is 'waste and accountability'

[10:03] {Threei}  and third leg?

[10:03] {nemo} sawed off

[10:08] {magoo} he he nemo

[10:09] {nemo} or, do they turn it upside down for you...

[10:10] {hawkfan4} out drys .56

[10:11] {Threei}  just tired of it hawk?

[10:11] {Threei}  'cause exit is kind of

[10:11] {Threei}  not here not there :)

[10:11] {Threei}  I mean, if you trail stop, it shpould be under .40 now

[10:11] {hawkfan4} yeah, thing gets me too many times, wanted to lock it in

[10:11] {Threei}  if you wanted to take 1:2, spike over .60 was the time to do it

[10:12] {Threei}  OK

[10:12] {hawkfan4} yep

[10:12] {Threei}  that's valid reason too

[10:13] {hawkfan4} +2800 in 40 minutes, wanted to step back and regroup, sold everything

06[10:13] * Threei slaps hawkfan4 around a bit with a large roll of cash

[10:13] {nemo} not a bad morning so far...

[10:13] {Threei}  what are you talking about nemo... hawk is horribly underperforming this morning

06[10:14] * Threei is hiding under rock

[10:14] {nemo} Well hit him with something else then...such performance can't go unpunished

[10:14] {hawkfan4} :) lol

[10:14] {Threei}  grrr

[10:14] {Threei}  GERN over 7

[10:14] {Threei}  when will I learn to hold

[10:15] {nemo} when you want to start taking more losses?

[10:15] {Threei}  lol

[10:15] {nemo} so...does that mean you have to punish yourself?

[10:17] {Threei}  I am not going there

[10:17] {nemo} self flagellation is in order

[10:17] {Threei}  this line of discussions too often turns umm... non-family-friendly

[10:18] {nemo} I'll send you a cat-o-nine-tails and a salice

[10:19] {magoo} risky..like RIMM over 52

[10:19] {magoo} as in to go over

[10:19] {magoo} in .55

[10:20] {cujo} MSFT short .44

[10:23] {magoo} out 04 TY vad

[10:23] {magoo} +.60

[10:23] {Threei}  on what?

[10:24] {magoo} or .59

[10:24] {magoo} RIMM

[10:24] {Threei}  hmmm

[10:24] {magoo} [10:19] {magoo} risky..like RIMM over 52

[10:24] {magoo} [10:19] {magoo} as in to go over

[10:24] {magoo} [10:19] {magoo} in .55

[10:24] {Threei}  why thank me... I haven't called it

[10:24] {magoo} auto ty button

[10:24] {Threei}  lol

[10:25] {nemo} must be nice twin today

[10:25] {Threei}  elepet... you booked your GERN yet?

06[10:26] * magoo slaps nemo around a bit with a large book on how un nice i can be

[10:26] {Threei}  STEM... never though this dog had any bark left

[10:26] {nemo} you mean leaflet?

[10:26] {nemo} I'm really at a disadvantage here

06[10:27] * magoo slaps nemo around a bit with a large grinn knowing nemo has no ways -n- means of retaliation

[10:27] {Threei}  that book is like Marx's Capital nemo... 4 rather thick volumes

[10:27] {nemo} Yeah, every page says, "All work and no beer makes mags a dull boy!"

[10:27] {magoo} any interest in STT vad

[10:28] {magoo} dont have to worry avbout that nimo

[10:28] {Threei}  well, .50 break is obvious setup... I just would like tighter consolidation so we could have smaller stop

[10:30] {magoo} vad..its inVestor,..not inWestror he he 

[10:31] {Threei}  hmm?

[10:31] {nemo} hit 'em!

[10:33] {cujo} out +.10 MSFT

[10:33] {larisa} for russian ear there is no real difference between french, asian and woman's {investor} :) 

[10:34] {Threei}  what are you all talking about?

[10:34] {nemo} larisa must have been having a "private" conversation...I'm interested, though.

[10:35] {larisa} you need watch TV more :) funny advertisement

[10:35] {Threei}  I am lost starting with

[10:35] {Threei}  [10:30] {magoo} vad..its inVestor,..not inWestror he he

[10:35] {tomg} thanks, vad, was a good week. see yall monday

[10:35] {dino}  it is a good commercial

[10:35] {nemo} Too much TV rotted my brain

[10:35] {Threei}  take care tom, congratulations and have a great weekend

[10:35] {cujo} see ya tom

[10:37] {dptl} .

[10:39] {Threei}  CHINA ISSUES STATEMENT: 'NOT MANIPULATING' CURRENCY

[10:39] {Threei}  - Reminder: Last night a chinese official rejected FX manipulation claims from Treasury Sec Nominee Geithner that Obama believed China was manipulating its currency, arguing that the US was trying to manipulate China's currency

[10:40] {Threei}  I am lost

[10:40] {nemo} Isn't pegging manipulation?  What's the big deal?

[10:44] {hawkfan4} GERN holy smokes

[10:45] {fernp} Hello traders

[10:45] {fernp} Interesting morning?

[10:46] {larisa} for crazy part of the room : yes :)

[10:46] {nemo} cute

[10:47] {dino} mcd out .90, +.50

[10:47] {magoo} dinoooooooooo:)

[10:47] {dino} slowwwww

[10:47] {hawkfan4} nice

[10:47] {dino} ty

[10:48] {Threei}  fern :)

[10:48] {Threei}  beautiful morning.. too bad you missed

[10:49] {fernp} yes. sorry, I've been working

[10:52] {Threei}  SENATE FINANCE COMMITTEE: TO EVALUATE STIMULUS PACKAGE JAN 27, WITH REGARDS TO TAXES, AID FOR JOBLESS AND STATES

[10:52] {nemo} It's a 10 year spending plan.  Stimulus my a$$.

[10:54] {elepet} gern oh my . and i never sold

[10:54] {Threei}  you better start

[10:54] {elepet} gern. and i never sold.

[10:54] {hawkfan4} mama mia, nice

[10:54] {cujo} nice call el. 

[10:54] {cujo} i'm all doom and gloom

[10:54] {cujo} don't listen to me ;)

[10:54] {elepet} i cant. fingers frosen

[10:56] {hawkfan4} even i would sell at least half here

[10:57] {Threei}  elepet... profits are to be taken

[10:57] {Threei}  what is it you want to wait for?

[10:57] {Threei}  15? 20?

[10:57] {wishbone} vad please forward text from [10:47:37] {hawkfan4} nice, having connection issues

[10:58] {dino} "gut" call, close green

[10:58] {larisa} how green ? 

[10:59] {Threei}  I don't see it wish

[10:59] {dino} 100, 15, 20

[10:59] {larisa} nice :)

[10:59] {wishbone} ok ty...not sure when conection  is lost is all

[10:59] {dino} not fact larisa

[10:59] {larisa} lol

[11:00] {Threei}  GERN is pullback- ready

[11:00] {cujo} what do you see as an entry on GERN?

[11:01] {Threei}  7.50 - 7.60 zone

[11:01] {dino} dia sm l .70

[11:05] {Threei}  with all the morning hoopla on DRYS and STT and GERN, forgot to check up on my yesterday's candidate for mojo return... UAUA

[11:09] {Threei}  US HOUSE REPUBLICANS ARE PROPOSING A SEPARATE PACKAGE FOR TAX BREAKS IN LOW INCOME TAX BRACKET, INCLUDES SMALL BUSINESS TAX DEDUCTIONS AMOUNTING TO 20% OF INCOME

[11:09] {Threei}  - Package may also include provisions to make unemployment benefits tax free

[11:09] {dino} ndx and comp going green

[11:09] {dino} darn aapl, wanted 83 area gap

[11:11] {Threei}  SEC HEAD SHAPIRO: AGENCY REQUIRES MORE FUNDING TO HAVE BETTER OVERSIGHT, REQUIREMENTS MUST BE INCREASED ON BROKER DEALERS FOR STRONGER NET CAPITAL

[11:11] {cujo} do you see some consolidation in RIMM Vad?

[11:11] {Threei}  US TREASURY SEC NOMINEE GEITHER: MUST CONSIDER REGULATORY OVERHAUL, REGISTRATION FOR HEDGE FUNDS, AGENCY CONSOLIDATION

[11:12] {Threei}  I am not delighted by it cujo

[11:12] {cujo} ok

[11:12] {Threei}  it will go up if market does... but overall, it's a bit weaker than broad market

[11:13] {Threei}  look how close NASDAQ is to its high

[11:13] {Threei}  and how RIMM is solidly below its

[11:13] {cujo} yeah

[11:13] {dino} comp green, ndx flat

[11:14] {dptl} abx?]

[11:15] {Threei}  probably worth a try... hard to tell really

[11:15] {Threei}  doesn't spike with market this time

[11:17] {magoo} DRYS dead vad?

[11:17] {Threei}  not dead exactly but not worth the risk in my eyes

[11:18] {dino} dia hard stop to .40

[11:18] {Threei}  CNN talking about stem cells

[11:19] {dino} eqix strong

[11:19] {Threei}  GERN went through some consolidation

[11:19] {Threei}  looks like 8.05 long if stays above 7.90

[11:19] {dino} stopped dia .40, +.70

[11:20] {dino} too tight

[11:20] {Threei}  GERN CEO on

[11:21] {Threei}  US SEN MAJORITY LEADER REID: NO CONCERNS OVER WHETHER REPUBLICANS MAY SEEK TO BLOCK STIMULUS

[11:21] {magoo} in GERN

[11:22] {Onix} such a beautiful rally with nothing to trade

[11:22] {Threei}  CEO sounds a bit questionable

[11:23] {Threei}  nothing to trade?

[11:23] {magoo} out

[11:23] {Threei}  yeah

[11:23] {Threei}  he starred talking about "not being a miracle" etc

[11:24] {Threei}  who needs to hear that

[11:24] {fernp} out here too

[11:24] {dino} he has feb puts on it

[11:24] {dino} getting killed

[11:24] {Threei}  lol

[11:24] {Threei}  explain to me your expectations guys... 'cause I am lost

[11:25] {Threei}  you want to make money or you want to trade all the time?

[11:25] {Threei}  if former, that's what we are doing here, I thought

[11:25] {Threei}  if former, I can call new trade every 3 minutes, and you will have something to trade all the time

[11:26] {Threei}  but forget about being profitable then

[11:26] {nemo} STT pullback

[11:26] {hawkfan4} completely agree, my pnl is so much better when my commisions are lower

[11:29] {dino} why the explain lecture?

[11:29] {nemo} Repetition is the mother of all teaching

[11:29] {Threei}  it's just that comments like "such a beautiful rally with nothing to trade" confuse me

[11:30] {Threei}  either I don't manage expectations right

[11:30] {Threei}  or don;'t fulfill what I promise

[11:31] {dino} ok, missed that

[11:31] {dino} i only did 2 trades so far 2 for 2

[11:31] {dino} "chuck" most likely wondering why commissions are dropping

[11:31] {Threei}  GERN HEARING UPGRADED AT NEEDHAM, PT $9 (TIMING UNCERTAIN)

[11:32] {hawkfan4} just do what u do, it works.  everyone can find their own setups if they want to trade more

[11:32] {Threei}  where was Needham when it was at 4?

[11:33] {Threei}  aren't these guiys supposed to do a research,

[11:33] {Threei}  go to the company, find out about upcoming develoments

[11:33] {Threei}  build their ideas based on information they analyse

[11:34] {Threei}  instead of issuing their upgrades and downgrades after the fact and after the price move

06[11:36] * Threei slaps KSystems around a bit with a large roll of cash

[11:36] {KSystems} Hey :)

[11:36] {KSystems} that was fast

[11:36] {cujo} Hey K

[11:36] {nemo} Wie gehts Jung!

[11:36] {cujo} how are things?

[11:36] {Threei}  scalper's reflexes, you know

[11:37] {KSystems} did i miss much?

[11:37] {larisa} Vad, i need  new clothes for my vacation, so call someFing... safe, profitable,  5$ mover, no pullbacks

[11:37] {larisa} morning KS :)

[11:37] {KSystems} larisa!

[11:38] {Threei}  yes KS

[11:38] {Threei}  sorry to say

[11:39] {Threei}  DRYS approaches that 10

[11:39] {KSystems} any open calls?

[11:39] {Threei}  no

[11:46] {hawkfan4} back in gern .04

[11:46] {Threei}  STT pullback for bounce scalp

[11:47] {Threei}  wait for market strength

[11:49] {Threei}  STT .90 break if holding .80

[11:50] {Threei}  half lot, this kind of trades may require multile tries

[11:51] {KSystems} in

[11:51] {Threei}  over 1:1

[11:51] {Threei}  nice and easy

[11:52] {fernp} was easy. TY

[11:52] {Threei}  :)

[11:52] {jmb} thanks

[11:53] {KSystems} thanks!

[11:53] {cujo} thanks Vad

[11:53] {Threei}  sure thing

[11:53] {Threei}  lunch tyime scalpingh

[11:53] {cujo} + .13

[11:53] {Threei}  sorry larisa, it's not $5

[11:53] {Threei}  won't help with full wardrobe

[11:54] {larisa} bikini may be :)

[11:54] {Threei}  but, let's update it one thing after another

[11:54] {Threei}  right

[11:54] {larisa} k

[11:54] {Threei}  that was one piece

[11:57] {Threei}  wish, look dcc pls

[12:02] {Threei}  wishbone?

[12:03] {wishbone} yes

[12:03] {Threei}  look dcc please :)

[12:03] {Threei}  STT did same thing again... .50 - .60

[12:03] {wishbone} this mirc isn't workin quite same as old one....having technical difficulties.

[12:04] {Threei}  just doubleclick on my nick

[12:04] {Threei}  it's the same

[12:06] {Threei}  let's di a quick educational piece guys

[12:06] {cujo} y please

[12:06] {Threei}  so you know how to structure this kind of play in case I am distracted, fell asleep, got drunk, got hit by the bus etc

[12:07] {dino}   hmmm

[12:07] {Threei}  we took STT with structure .80 - .90 last time around,

[12:07] {Threei}  then it dropped into .50

[12:07] {Threei}  formed .50 - .60 setup.

[12:08] {Threei}  Why there was no setup at .60 - .70?

[12:08] {Threei}  or .70 - .80?

[12:08] {Threei}  as soon as you answer this for yourself, you know how this kind of ounces is played

[12:09] {cujo} no past support at those levels?

[12:09] {Threei}  one thing, yes

[12:09] {Threei}  another is,

[12:09] {nemo} no resistance or drop in volume?

[12:09] {nemo} support

[12:09] {Threei}  it never formed any kinf of range between those levels

[12:09] {fernp} no consolidation

[12:09] {dptl} no consolidation

[12:09] {Threei}  it was simply ticking through them

[12:09] {Threei}  fern and dp get the door prize, to be determined yet

[12:10] {Threei}  look what it did when it hit .50

[12:10] {Threei}  a few oscillations back and forth

[12:10] {Threei}  forming resistance,

[12:10] {Threei}  then breaking it

[12:10] {Threei}  That gives you setup structure:

[12:10] {Threei}  trigger (broken resistance)

[12:11] {Threei}  and stop (support level)

[12:11] {Threei}  Sometimes we get so lucky that additional factors come in play

[12:11] {Threei}  one is our standard:

[12:11] {Threei}  market directional support

[12:12] {Threei}  look at NASDAQ at the moment, you'll see it starting to uptick

[12:12] {Threei}  anotger is rare luck

[12:12] {Threei}  but when we get it, effect is multiplied:

[12:12] {Threei}  big offer right at the resistance level

[12:12] {Threei}  we had this kind yesterday,

[12:12] {Threei}  I think on DRYS

[12:13] {Threei}  if such offer gets eaten AND resistance broken AND market helps...

[12:13] {Threei}  you got your play

[12:14] {Onix} thank you for your trouble Vad, really appreciate it:)

06[12:14] * Threei shuts up and falls asleep

[12:14] {Threei}  always, onix

[12:14] {fernp} thanks for sharing your knowledge

[12:14] {cujo} was very educational.  

[12:14] {Threei}  what knowledge... I just invenetd this stuff

[12:14] {Onix} :D

[12:14] {Threei}  :)

[12:15] {fernp} lol

[12:16] {larisa} same setup on HIG this morning, PSE was selling at 13 all you want, not moving. Once it broke, vertical up. 

[12:17] {larisa} wrong window

[12:17] {larisa} sorry :)

[12:17] {dptl} so...stt now consolidates...right?

[12:17] {Threei}  hmmm... who did you intend to inform about that larisa?? :)

[12:18] {Threei}  yes dp, but this is diferent kind of play

[12:18] {larisa} notes for myself, learning your setups :)

[12:18] {dptl} thats where i get confused

[12:18] {Threei}  let me disperse the clouds then

[12:19] {dptl} ok :) pls

[12:19] {Threei}  the play we discussed was a strcture for the bounce

[12:19] {Threei}  kind of mini-bottom fishing

[12:19] {Threei}  what we have now in STT is more like mini JBE

[12:20] {Threei}  we have upward movement

[12:20] {Threei}  then consolidation range to break

[12:20] {Threei}  see the difference?

[12:21] {dptl} yes,so it's still legit set up?

[12:21] {Threei}  sure

[12:21] {dptl} got it :)

[12:21] {Threei}  it's just done in different type of market movement and with different expectations

[12:21] {Threei}  bounce scalp is bounce scalp

[12:22] {Threei}  breakouts tend to take a stock into new territory when happen at the day high

[12:22] {Threei}  not the case right now with STT,

[12:22] {Threei}  but overall, if on bounce scalp I tend to take scalp and be happy,

[12:22] {Threei}  especially in lunch time and especially when it's clear countertrend trading

[12:23] {cujo} what if it is an upward move and consolidates below the high of the previous move.  Is the peak of the chart the resistence of the move out of consolidation?

[12:23] {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?

[12:23] {larisa} lol cujo

[12:23] {Threei}  breakouts if done in according type of market often carry bigger potential

[12:23] {Threei}  btw, while I typed all this stuff,

[12:23] {Threei}  STT got stuck with big seller at 19

[12:23] {nemo} Is DRYS setting up for breakout?

[12:23] {Threei}  I took break, put sell ay 19.15

[12:24] {Threei}  continued typing and was taken out

[12:24] {Threei}  multitasking at its best...

[12:24] {Threei}  ok, back to questions:

[12:24] {dptl} so,it has more odds to be good if happens at the days high? jbe

[12:24] {Threei}  cujo, generally yes,

[12:24] {magoo} ok..what the hell u talking about 

[12:25] {Threei}  just pay attention to the chart formations and type of the move

[12:25] {Threei}  what I mean by that is:

[12:25] {Threei}  magoo, give me a minute, I'll slap you when answered all the questions

[12:25] {magoo} ok

[12:25] {Threei}  no, wait

06[12:25] * Threei slaps magoo around a bit with a large trout

[12:25] {Threei}  ok

[12:25] {magoo} lol

[12:25] {Threei}  by chart formations I mean things like

[12:26] {Threei}  is it C&H? is it JBE? is it double top? is it third test of the high?

[12:26] {Threei}  out of let's say second test and third, which one has better chance to break?

[12:27] {Threei}  that was actual question, not rhetoric

[12:27] {dptl} 4th

[12:27] {Threei}  while you are thinking

06[12:27] * Threei slaps magoo around a bit with a large trout

[12:27] {magoo} 3rd

[12:27] {Threei}  right

[12:27] {Threei}  and by the type of movement I mean:

[12:27] {Threei}  how did stock come into resistance?

[12:27] {Threei}  slowly climbed into it or spiked sharply?

[12:28] {dptl} slowly better

[12:28] {Threei}  in former case I like my breakout, especially with extra bacon, thank you

[12:28] {Threei}  sharp spike into resistance, nope,

[12:28] {Threei}  I want another pullback first,

[12:28] {Threei}  not going to buy euphoric spike

[12:28] {magoo} hey..i am eating bacon right now blt

[12:28] {magoo} no kid

[12:29] {Threei}  great.. magoo did it... no more q/a, I am hungry

[12:29] {Threei}  {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?

[12:29] {larisa} have an apple

[12:29] {Threei}  OK, this one is eaxctly why I called it "mini JBE"

[12:29] {Threei}  usual JBE is whole day chart

[12:30] {Threei}  have a look at HIG

[12:30] {Threei}  consolidation around 12.50, broken at 10:55 roughly

[12:30] {Threei}  is normal JBE

[12:31] {Threei}  that setup STT formed from 12:00 to 12:15 is mini JBE

[12:31] {Threei}  little piece of chart

[12:31] {cujo} sey guys, what is JBE?

[12:31] {Threei}  less reliable, having larger constraints on it

06[12:31] * Threei slaps cujo around a bit with a large book of Techniques of Tape Reading

[12:31] {nemo} Jump Base Explosion

[12:32] {magoo} ill sell u mine cujo

[12:32] {Threei}  and DBI is Drop - Base - Implosion

[12:32] {cujo} 10-4

[12:32] {magoo} photogeneric memory here

[12:33] {magoo} um,er pghotogymnastic memory

[12:33] {cujo} thanks magoo

[12:33] {Threei}  what else do we have

[12:33] {Threei}  {dptl} so,it has more odds to be good if happens at the days high? jbe

[12:33] {cujo} have it, just lent to friend

[12:33] {Threei}  generally, yes, in the right market

[12:33] {Threei}  mini JBE occuring somewhere in the middle of the chart has additiojnal resistance levels

[12:33] {Threei}  from this same day

[12:33] {magoo} if u lend it..u cutting out vad sale

[12:33] {Threei}  again, that mini JBE on STT

[12:34] {cujo} MU Vad, .40-.45 entry?

[12:34] {magoo} i keep pulling up JBE symbol and gets nothing vad

[12:34] {Threei}  apparently had a resistance around .20 - .25 from 11;40 roughly

[12:34] {Threei}  see it?

[12:35] {Threei}  and look where it topped at 12;23

[12:35] {magoo} and i cant find STT setup in your book

[12:35] {Threei}  finally:

[12:35] {magoo} its almostr like u have them backwards

[12:35] {Threei}  {magoo} ok..what the hell u talking about

06[12:35] * Threei slaps magoo around a bit with a large roll of cash

06[12:35] * Threei slaps magoo around a bit with a large scalping course

06[12:36] * Threei slaps magoo around a bit with a large daytrading course

06[12:36] * Threei slaps magoo around a bit with a large Master Profit Plan

06[12:36] * Threei slaps magoo around a bit with a large chart of uptrending market

[12:36] {wishbone} lol mags

06[12:36] * Threei slaps Threei around a bit with a large trout

06[12:36] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading

06[12:36] * Threei slaps magoo around a bit with a large everything your imagination could describe

[12:36] {Threei}  have I answered all questions now?

[12:36] {cujo} y

[12:37] {dptl} yep ty

[12:37] {Threei}  cool.. falling asleep

[12:37] {Threei}  magoo, pick yourself up from the floor...

[12:37] {wishbone} vad that was awesome....helps put peices together ty

[12:37] {Threei}  sure thing...

[12:37] {magoo} dino dailing 911 here..magoo knocked onconsciuos

[12:38] {nemo} he needs a brain to have a concussion

[12:38] {nemo} GERN vad?

[12:38] {Threei}  GERN is a toughie... it becomes an exhausted momo

[12:39] {Threei}  for normal technical stuff to start working on it, it needs serious pullback

[12:39] {nemo} triple top shows exhaustion?

[12:39] {Threei}  and elepet... what can I do to convince you to start taking at least partials on GERN

[12:40] {Threei}  triple top with last one lower than first two...

[12:40] {Threei}  volume configuration has changed

[12:40] {magoo} seriously here {as i pick myself up off floor}  GERN avail short tolaserheads

[12:40] {Threei}  not volume is increasing on drops, not on advances

[12:40] {Threei}  trying again:

[12:40] {Threei}  now volume is increasing on drops, not on advances

[12:41] {Threei}  hype was already practically everywhere

[12:41] {Threei}  news wires, CNBC, even CNN

[12:41] {Threei}  and stock is not advancing anymore

[12:41] {Threei}  tells you something?

[12:41] {Threei}  add its history:

[12:41] {Threei}  GEREN is serial disappointer,

[12:41] {Threei}  it moves nicely but rarely sustainable

[12:42] {Threei}  look at the news itself:

[12:42] {Threei}  it's just first phase trial approaval

[12:42] {Threei}  how long till it becomes something of subtance, if at all?

[12:42] {Threei}  will funding flow or will some group in Senate block it again?

[12:43] {Threei}  it's stem cells, controversy is abundant

[12:43] {Threei}  now... with all this, isn't it "take your profits" case?

[12:43] {Threei}  PALM

[12:43] {Threei}  BEST BUY MOBILE EXEC: WE ARE HOLDING TALKS TO SELL PALM'S PRE SMARTPHONE, NOT YET READY TO ANNOUNCE RETAIL DEAL

[12:43] {Threei}  - says also in discussions with Sprint

[12:45] {dptl} .80 short .90 stop stt?

[12:47] {dptl} or......90 long .80 stop..lol

[12:48] {Threei}  with market spiking... :)

[12:49] {Threei}  if you don't have clear indication from maret at the moment, there is just no readable play

[12:50] {Threei}  don't fall into trap thinking that any and every move can be read

[12:50] {Threei}  this is frequently made mistake

[12:50] {Threei}  when someone tells you:

[12:50] {Threei}  if you are so smart, tell me what XYZ is going to do next

[12:51] {Threei}  you know you are talking to someone who has no clue

[12:51] {Threei}  trading is not about reading everything all the time,

[12:51] {Threei}  trading is about waiting for the market for form something you can read

[12:52] {dptl} i see :)

[12:54] {dino} if i may; good trading is not about being right, it's about trading right

[12:55] {Threei}  yes dino, but this is answer to different question

[12:55] {Threei}  and you leave me with no powder if that one comes up :)

[12:55] {dino} oh, uh sorry boss

[12:55] {wishbone} dino...can i clone u? so you're clone can sit beside me and help me learn:)

[12:55] {wishbone} i promise to feed him, give him a home....

[12:56] {Threei}  lol

[12:56] {dino} lol, could get expensive, i drink alot

[12:57] {wishbone} that's ok me too...besides totally worth investment

[12:58] {wishbone} except....will he smell funny?

[12:58] {wishbone} and will he be polite?

[12:58] {wishbone} lol

[12:58] {dino} hmmmmmmmmmmm, wondering what magoo has been saying behind my back

[13:02] {Threei}  LOL DRYS

[13:02] {Threei}  I said 10... who knew it had 11 in it too

[13:02] {magoo} i did

[13:03] {Threei}  STT forming minirange

[13:03] {Threei}  if market spikes, .20 break long trigger for a scalp

[13:04] {dptl} in .22

[13:04] {magoo} 21 in cards if IF market spikes 

[13:05] {magoo} dino cakked green finish

[13:06] {dptl} stop under .10

[13:06] {Threei}  well, in that range low was .15

[13:06] {Threei}  so formally, stop would have to be under that

[13:06] {dptl} ok 

[13:06] {Threei}  but feels way too tight

[13:07] {Threei}  in any case, it spiked into 1:1 almost immediately

[13:07] {Threei}  why not half out into sharp spike

[13:07] {magoo} mkt not committed up yet

[13:07] {magoo} careful here

[13:07] {dptl} missed that exit

[13:08] {Threei}  holding well while market is downticking

[13:08] {Threei}  fairly nice trade

[13:10] {Threei}  even if your original stop was under .10, after tagging 1:1 twice it's fair to trail it to under .15

[13:10] {dptl} ok

[13:11] {Threei}  and it starts looking like more than scalp if market helps

[13:11] {Threei}  this market bounce should take it over .30

[13:11] {dptl} thinking the same

[13:11] {Threei}  here it comes

[13:12] {Threei}  half out .34

06[13:12] * Threei yawns... making money becomes too easy and boring

06[13:12] * Threei misses a good fight

[13:12] {Threei}  1;2

[13:13] {magoo} missed that onee'

[13:13] {Threei}  must be my fault mags

[13:13] {Threei}  you are still dizzy from all that slapping

[13:13] {magoo} reading real money..missed making "real money" ironic

[13:13] {dptl} out .47 ty

[13:14] {Threei}  welcome sir

[13:14] {dino} cedc sm l .50

[13:14] {Threei}  isn't it perfect... we discussed all that theory,

[13:14] {Threei}  and trade structured just like texbook example came about in the next 30 in

[13:15] {dptl} :)

[13:15] {KSystems} Thanks Vad!!

[13:16] {Threei}  :)

[13:20] {dptl} ah..was thinking to get on pull back at .40 with .30 stop and missed it

[13:21] {dptl} that stt was good to us last couple of days

[13:22] {Threei}  always happens

[13:22] {Threei}  one momo runs out of gas, another is right around the corner

[13:22] {Threei}  used to be UAUA

[13:22] {Threei}  then DRYS came about

[13:22] {Threei}  the STT

[13:22] {Threei}  PLD

[13:22] {Threei}  HIG

[13:22] {Threei}  LVS

[13:23] {Threei}  familiar symbols? :)

[13:23] {dptl} ye...hated uaua though.....i am also watching plc last two days

[13:24] {dptl} pnc...sorry

[13:24] {Threei}  that's OK, magoo hated both UAUA and DRYS

[13:24] {Threei}  but as they say... if you hate squirrels, you just don't cook them right {G}

[13:25] {dptl} :)..ye i know that one

[13:25] {wishbone} squirrels are rats with fur!

[13:25] {wishbone} imo

[13:26] {dino} [10:59] {dino} 100, 15, 20

[13:26] {dino} theres the ndx 15

[13:28] {Threei}  powerful move SLW today

[13:28] {nemo} slw auy tck

[13:29] {dptl} abx gg also

[13:29] {Threei}  not really wonder with metals and PMs being strong today

[13:38] {dino} out nat .47, +.47

[13:42] {Threei}  WHITE HOUSE PRESS SECRETARY: ECONOMY WON'T GET BETTER OVERNIGHT; STIMULUS WILL HAVE RAPID EFFECT; 75% OF STIMULUS WILL BE FELT IN THE FIRST 18 MONTHS

[13:42] {Threei}  I say:

[13:42] {Threei}  if they don't do ahything at all,

[13:42] {Threei}  and leave the economy well alone

[13:43] {Threei}  positive impact wil be felt in the first 18 months

[13:43] {Threei}  get out of the way, stop fixing it, and it will fix itself

[13:43] {Threei}  painfully but fast

[13:43] {Threei}  their way is painful and slow

[13:45] {cujo} ANy read on STT VAD?

[13:46] {dino} i am w/you vad, let the markets work it out. the strong survive, the rest go away

[13:47] {dino} they have messed w/the fundamentals of capitalism

[13:48] {Threei}  and long term consequences of that will be much worse than any today's trobles

[13:48] {Threei}  well, STT...

[13:48] {Threei}  for a breakout, I'd like to see consolidation clower to 20

[13:49] {cujo} no short set up?

[13:49] {Threei}  if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter

[13:49] {Threei}  maybe... I just hate shorting uptrending market

[13:50] {ese} well my goodness......i can get in this way from work....how bout that .....

[13:51] {Threei}  kewl

[13:51] {ese} ami i in?

[13:51] {Threei}  yes sir

[13:51] {Threei}  STT won't even drop with market

[13:51] {cujo} yeah

[13:51] {cujo} weird

[13:51] {Threei}  no way I'd short this thing

[13:52] {ese} couldn't do this via the old board

[13:52] {Threei}  old board was meaner

[13:52] {Threei}  this one is tree-hugging bleeding heart, soft as baby food

[13:53] {ese} definately......had to give another exam this morning....left abruptly this morning

[13:53] {ese} so whats a happenin

[13:53] {ese} interesing recovery looks like

[13:54] {Threei}  not much... made a lot of money, had a fish fight with magoo...

[13:54] {Threei}  another day in the office

[13:54] {ese} what did ya make money on?

[13:54] {Threei}  poker, bridge...

[13:54] {Threei}  oh, you mean in the market

[13:55] {ese} yes indede

[13:55] {Threei}  GERN, STT, DRYS... something else

[13:55] {cujo} yeah stt no likey short

[13:55] {magoo} i think im calling it a day

[13:55] {magoo} up good, got things to do

[13:55] {dptl} thinking the same 

[13:56] {Threei}  let's make it tradition... 30 min trading, making monety, going away

[13:56] {dino} thats no good, i usually don't start until 10:00

[13:56] {dino} i'll be here alone

[13:56] {magoo} well..i hate giving back on a friday..stew over it all weekend

[13:57] {Threei}  you need to stop living in rearwiev mirror mags {G}

[13:57] {cujo} market goes up STT drops...  hmmm

[13:58] {Threei}  stewing over something that is in the past already, can't be changed, can only demoralize tyou...

[13:58] {magoo} ty boss...see u all monay

[13:58] {Threei}  take care, have a good weekend

[13:59] {Threei}  cujo, just leave it alone for now

[13:59] {dino} dji +

[13:59] {cujo} yeah

[13:59] {Threei}  as we said earlier... not everything can be read

[13:59] {cujo} just perplexed at this point. 

[13:59] {cujo} not trying to trade it

[14:00] {Threei}  this one lost clean patterns for now

[14:00] {cujo} cigar is just a cigar

[14:00] {Threei}  (said Bill Clinton)

[14:00] {dino} [13:26] {dino} [10:59] {dino} 100, 15, 20

[14:00] {dino} [13:26] {dino} theres the ndx 15

[14:00] {larisa} nice :)

[14:00] {dino} we were -170 dji on the call lets see oif we get the +100

[14:01] {Threei}  quite amazing

[14:01] {Threei}  that morning gap down was a gift

[14:01] {Threei}  good thing we took it

[14:01] {dino} next week, mark-ups. will be watching for the 4 month pattern, rock-n-roll to 8900+

[14:02] {Threei}  looking at intraday,

[14:02] {ese} what news vad changed the market around  

[14:02] {Threei}  can you believe we were long DRYS at 9.20?

[14:02] {Threei}  no news ese

[14:03] {wishbone} vad dcc please thank you

[14:03] {dino} nothing es

[14:04] {hawkfan4} grr, remind me not to schedule appointments during the middle of the day!

[14:05] {Threei}  lol

[14:08] {dptl} how about now stt......   .90 - 20?

[14:10] {dptl} ok.....have a good weekend all...ty..and see ya monday

[14:10] {cujo} catch ya later DP

[14:10] {fernp} bye dp

[14:10] {Threei}  take care dp

[14:13] {dino} cya dp

[14:18] {nemo} Well, guess the floor is in on oil.  After yesterday's announcements and SLB talking bad earnings and poor outlook, the stock is up 10%

[14:18] {Threei}  GERN is coming into bounce zone

[14:18] {Threei}  one more sharp drop and I'll get interested

[14:19] {nemo} into support @ 7 or so

[14:19] {Threei}  alternatively, 7.10 break if not losing 7 anymore

[14:25] {cujo} in .14

[14:27] {Threei}  breifly hit over 1:1

[14:27] {Threei}  hard to tell if has more in it

[14:27] {KSystems} half out .20....yes

[14:28] {cujo} out .17

[14:28] {jmb} thanks

[14:30] {Threei}  6.60 zone I'd me more enthusiastic about it

[14:31] {Threei}  elepet... I really hope all my begging made you sell or partial

[14:32] {nemo} why 6.60?  start range?

[14:32] {Threei}  it stgruggled around that range before starting its run

[14:32] {Threei}  closest natural support

[14:33] {cujo} when covering accidentally went short an extra 100

[14:33] {cujo} ha ha ha

[14:33] {Threei}  thwere is some support around 6.80 but it doesn't feel like holding

[14:34] {Threei}  STT is coming into support too

[14:35] {cujo} on its way through looks like...

[14:35] {Threei}  most likely

[14:36] {Threei}  not rushing in, want to see more selling

[14:36] {cujo} y

[14:37] {elepet} buying GERN?

[14:37] {Threei}  nah, not safe enough here

[14:37] {Threei}  not very convincing bounces

[14:38] {Threei}  elepet... you sold any?

[14:39] {elepet} long ago.made $3000 very tense though.

[14:39] {Threei}  whew

[14:39] {Threei}  why tense

[14:39] {Threei}  be tense when you lose money

[14:39] {Threei}  not when you make it

[14:40] {elepet} totally focused all day. hard work. except i made and drank some wheat grass juice.hehehe

[14:40] {Threei}  better choice than vodka anyway...

[14:40] {cujo} you have a wheat grass machine in your house?

[14:40] {Threei}  even though dp would disagree with me

[14:40] {nemo} I would disagree

[14:40] {cujo} stt

[14:40] {Threei}  there... dp got a comprade

[14:41] {cujo} this enough selling for you?

[14:41] {Threei}  nope

[14:41] {cujo} ;)

[14:41] {Threei}  13:49] {Threei} if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter

[14:41] {cujo} ahh memories

[14:41] {elepet} now watching HIG. another 2 day hold over.finally green. yes i do have wheat grass juicer.

[14:41] {Threei}  both, market ad STT is mini downtrend now

[14:41] {Threei}  I need more convincing that this to go long

[14:42] {cujo} yup

[14:45] {elepet} GERN again? I kind of miss it.

[14:45] {elepet} we joined at the hip today.

[14:45] {Threei}  I don't have firm read on it here

[14:45] {nemo} yeah, bounced off that 6.80

[14:45] {Threei}  kind of flaky

[14:46] {elepet} I know.

[14:46] {elepet} but so am i

[14:46] {Threei}  you have this way of marrying the stock elepet...

[14:47] {cujo} ok, through .50....  where next...

[14:47] {elepet} this one i didn't just marry. I merged. not all of them though.

[14:47] {nemo} I wonder if it's "Friday afternoon-don't want to go into the weekend long" syndrome

[14:47] {cujo} divorce?

[14:47] {nemo} vulcan?

[14:47] {Threei}  don't know cujo.. I am not getting signal I would want to see

[14:48] {Threei}  so I write it off as "no read"

[14:49] {elepet} vulcan it is. not sure i know what you mean, but i think i get the idea.

[14:49] {nemo} melded with the stock

[14:49] {nemo} merged...sorry

[14:49] {Threei}  amalgamation

[14:50] {elepet} ah so.

[14:50] {nemo} nah...amalgamation is a mess

06[14:50] * Threei faints in awe of his vocabulary

[14:50] {Threei}  better STT

[14:50] {nemo} sesquepaedalian

[14:50] {Threei}  comeon, drop

[14:50] {cujo} drop it like its hot...

[14:51] {Threei}  sesquepaedalian reminds me of chronoclastic infundibula

[14:51] {nemo} I'll have to google that one

[14:52] {nemo} how about "omphalos skepsis"

[14:52] {Threei}  Kurt Vonnegut... Sirens of Titan

[14:52] {dino} hmmm, just like yesterday

[14:53] {nemo} well, Vad, you said that on November 29, 2007  not quite yesterdya, but close

[15:01] {nemo} look at GOOG today Vad?

[15:03] {Threei}  UAW CONFIRMS DISBANDING OF CHRYSLER JOB BANK ON JAN 26, AS PREVIOUSLY AGREED

[15:03] {Threei}  nope

[15:07] {Threei}  GERN on CNBC again

[15:08] {Threei}  irtching to short it

[15:12] {nemo} things just kinda' drifting

[15:12] {Threei}  yup, aimless wandering'

[15:12] {nemo} Feels like everybody pulled a magoo

[15:12] {Threei}  and those who didn't, pulled dp?

[15:13] {nemo} yeah, but I'd rather talk about Magoo when he's not here.  We had a saying.  Blame the guy who's not here, he can't speak up to defend himself.

[15:14] {dino} lol

[15:14] {fernp} very valuable info today in the room. Thank you very much Vad.

[15:14] {fernp} Have a nice weekend all. see you on monday.

[15:15] {Threei}  and we had a saying: before beating up on someone, you gotta try and walk inhis shoes. This way you get to do both, beat him up AND get his shoes

[15:15] {Threei}  great to hear fern

[15:15] {Threei}  take care and have a great weekend

[15:16] {patience} quite a remarkable day vad...made 7 separate gold scalps...think there is another 40 bucks to go in it but don't want to hold over the weekend...and 7 out of 7...won't push my luck

[15:16] {nemo} Yeah, I think the term translated is "walk on him"

[15:16] {Threei}  wow

[15:16] {Threei}  fantastic performance patience

[15:17] {patience} ty, it was a great momo day

[15:19] {nemo} Funny culture between Ukraine and Moscow somewhat similar

[15:19] {elepet} you can short it now. GERN) I'm out +.15. and of course it went up. a lot. but i want to turn off the computer.

[15:20] {Threei}  good practice selling your darlings elepet

[15:20] {Threei}  wtg, have a great weekend

[15:20] {elepet} i know. it strikes me as silly, but i guess it's the rule of this game

[15:23] {nemo} attachments create irrationality

[15:23] {Threei}  silly?

[15:23] {Threei}  taking profit?

[15:23] {Threei}  I'll need some serious explanation as to how it can be silly :)

[15:23] {nemo} some whackin' due here

[15:23] {nemo} hit him with Livermore's book

[15:27] {nemo} What in't you see on Gern that you were looking for Vad?

[15:28] {Threei}  just nothing convincing one way or another

[15:29] {nemo} I notice those last two radical drops weren't accompanied by any climactic selling.  Was that an issue

[15:29] {nemo} ?

[15:29] {Threei}  one of, yes

[15:29] {Threei}  want to see exhausting selling

[15:30] {nemo} which needs volume?

[15:30] {Threei}  or at least some change of pace

[15:30] {Threei}  instead it just drifts up aand down with not much of indication

[15:31] {Threei}  I am not junmping on whatever moves without clean setup

[15:31] {nemo} not stocks anyway

[15:31] {Threei}  ummm... it sounded better in my head

[15:31] {nemo} understood

[15:36] {dino} ok, gotta hop, kids want to go skiing. take care all, cutting cedc here

[15:36] {Threei}  take care dino, have a good one

[15:36] {larisa} bye dino :)

[15:36] {dino} :)

[15:37] {nemo} computers must be trading now

[15:38] {nemo} Peace & Quiet folks.  See you Monday, insha Alah

[15:39] {Threei}  take care nemo

[15:39] {cujo} have good weekend

[15:49] {Threei}  OK guys, let's call it a day... and a wekk

[15:49] {Threei}  very nice day and week at that

[15:49] {Threei}  thank you all

[15:49] {Threei}  have a great weekend

[15:49] {Threei}  see you all on Monday

[15:49] {larisa} you too :)

[15:49] {KSystems} you too :)

[15:49] {cujo} have a good one 

[15:49] {cujo} see you all monday

[15:49] {KSystems} a good relaxing one...