Jan 28 2009

Somewhat tiresome day. One of those where you have the right read on the market yet hard time utilizing it. Only toward to end of the day things started working out and gave a few nice trades on HIG, FAS, RIMM, DRYS

Session Time: Wed Jan 28 00:00:00 2009

[07:29] {hawkfan4} 'ally

[07:31] {Threei}  "bad bank" inspired?

[07:31] {hawkfan4} that and i think europe and asia up nice

[07:32] {hawkfan4} haven't had enough coffee yet 

[07:32] {Threei}  that's wrong 'rally

[07:32] {Threei}  IMO

[07:32] {Threei}  will fizzle out

[07:32] {Threei}  but who cares... we will take it while it lasts

[07:33] {hawkfan4} think so too, fed day, who knows

[07:33] {Threei}  yeah, and mainly... I just don't think any rally led by financials is going to last

[07:34] {Threei}  recovery in real economy, reversal in job market etc is what needed,

[07:34] {Threei}  thus rally led by techs, yeah, yhat I believe

[07:35] {Threei}  and other stuff like that,

[07:35] {Threei}  stocks that forecast recovery in their respective sectors in real economy

[07:36] {hawkfan4} someday they'll show their hand, but i agree, the financials are a fade at some point

[07:38] {hawkfan4} need more coffee, back in a few

[07:52] {nemo} Gruess dich!

[07:56] {Threei}  nemo :)

[07:58] {nemo} Wie geht's heute (nachmittag?) Jung?

[07:59] {Threei}  umm... who are you talking to? :)

[08:00] {nemo} Oh yeah, it wasn't K that responded.  Morning vodka pick-me-ups might not be a good idea.

[08:00] {nemo} Vad :)

[08:01] {nemo} Oh, the Post Office tried to deliver the  BVO yesterday...to my next door neighbor....

[08:01] {Threei}  lol

[08:02] {Threei}  BAC is trying

[08:02] {hawkfan4} ugg, still looking at my order for BAC at 7.39 that i didn't send

[08:03] {Threei}  C is knocking against 4.30

[08:03] {nemo} Yeah, I heard financials took off last night on talks of the bank

[08:05] {KSystems} hi nemo ;)

[08:05] {Threei}  01/27/09 05:04pm

[08:05] {Threei}  (US) US bad bank plan may be announced next week - CNBC's Liesman

[08:05] {Threei}  - Also reports sources say a bank insurance plan similar to the arrangements given to BoA and Citi is in the works, though sources say it will not be "systematic."

[08:05] {Threei}  - Follow Up as of 11:54 PM EST: Reportedly, the FDIC's Chairman Bair wants to run the bad bank.

[08:05] {Threei}  - Reminder: Senator Dodd confirmed earlier that the Obama Administration is mulling a "bad bank" solution

[08:05] {nemo} K :) guten Nachmittag.

[08:07] {nemo} RIMM not doing too badly either

[08:10] {hawkfan4} morning nemo, all

[08:10] {hawkfan4} BAC .70 break Vad?

[08:11] {Threei}  well... as much as technicals can be trusted premarket

[08:11] {hawkfan4} :) true

[08:11] {Threei}  look at DRYS

[08:12] {Threei}  C chewed through .30... and stalled

[08:13] {Threei}  trying now

[08:14] {Threei}  BALTIC DRY BULK INDEX +1%

[08:15] {Threei}  FAS is up big

[08:16] {Threei}  one of the ways to play financial sector

[08:17] {nemo} Maybe can pay for the Bahamas toay :)

[08:17] {nemo} today

[08:17] {Threei}  FAS is FINANCIAL BULL 3X

[08:17] {hawkfan4} yep, FAZ 3X bear

[08:17] {nemo} Yeah, watch FAS regularly, and it's small cap brother TNA (gotta' love the call letters)

[08:17] {hawkfan4} TYH 3X tech bull

[08:18] {nemo} ERX, ERY energy

[08:18] {nemo} hawk-from Chicago?

[08:19] {hawkfan4} yessir

[08:19] {hawkfan4} where are you?

[08:19] {Threei}  WFC, mama mia

[08:19] {nemo} Hull, Esposito, Makita

[08:19] {nemo} Boston

[08:19] {hawkfan4} Orr

[08:19] {nemo} or was Hull Detroit? getting ol

[08:20] {hawkfan4} Borque

[08:20] {nemo} Yeah, I grew up watching Orr...absolute Magician

[08:20] {hawkfan4} Bobby Hull chicago

[08:20] {nemo} Bourque was such a stalwart class act.  When he won the cup with Colorado, he brought it to Boston to share with the fans.  He settled here

[08:21] {hawkfan4} yeah, i liked him

[08:21] {nemo} on a market note...so, does everything rocket out of the gate, or do we get the proverbial "pull back"?

[08:22] {Threei}  yes

[08:22] {nemo} helpful

[08:22] {nemo} definite maybe I see

[08:24] {Threei}  we are getting first pullback since 8 am in financials

[08:25] {Threei}  if we get so lucky to see C 10-15 cents lower, worth considering

[08:25] {Threei}  BAC, 20-25 cents

[08:28] {nemo} larisa :)

[08:28] {larisa} good morning :)

[08:28] {Threei}  larisa :)

[08:28] {larisa} nemo, vad :)

[08:29] {elepet} good morning all

[08:29] {Threei}  elepet :)

[08:30] {Threei}  not much of pullback so far

[08:31] {Threei}  maybe double top and finally some dip

[08:33] {Threei}  if C holds .45 and breaks .52, that would be little C&H

[08:33] {cujo} morning 

[08:34] {Threei}  cujo :)

[08:35] {cujo} started watching the swing trading video last night.  

[08:35] {cujo} picture of your trading room is funny. 

[08:35] {Threei}  why?

[08:35] {cujo} its the picture of you in what looks like an old submarine...

[08:36] {Threei}  hmm?

[08:36] {cujo} the fake picture in the beginning...

[08:36] {Threei}  I am lost

[08:36] {larisa} time to rewatch your own course :)

[08:36] {Threei}  there is no picture of me in swing trading video as far as I know

[08:37] {larisa} scalp course

[08:37] {cujo} sry.  In the beginning there is a fake photo.  You have a cut out of you on top of some old picture of what look slike a war room or something...  

[08:38] {Onix} Good morning all :)

[08:38] {cosmo} YHOO active at premkt high

[08:38] {Threei}  onix, cosmo :)

[08:38] {cosmo} 12.12

[08:38] {cosmo} 3i:)

[08:40] {Threei}  double top scenario so far

[08:41] {Threei}  cujo... why fake... that's my actual trading environment

[08:41] {cujo} really?  nice...

[08:43] {larisa} and i am Marilyn Monroe

[08:44] {Threei}  carefull... I am very gullible

[08:44] {nemo} doing well from the grave Larisa...

[08:44] {larisa} lol

[08:46] {hawkfan4} BAC getting there

[08:46] {Threei}  C too

[08:51] {nemo} How's ele's "pet" doing?

[08:51] {magoo} morning

[08:51] {Threei}  magoo :)

[08:51] {nemo} mag :)

[08:52] {dino} gm all, here come the 800 point markups (3 days to go)

[08:52] {Threei}  dino :)

[08:52] {Threei}  I see dino won mirc war... magoo is still in combat

[08:52] {nemo} dino :)

[08:52] {cujo} morning magoo, dino

[08:52] {dino} we'll see tomorrow

[08:52] {nemo} dog :)

[08:52] {magoo} sigh

[08:52] {dino} lol nemo

[08:53] {nemo} c'mon Mags, suck it up!

[08:53] {cujo} morning nemo

[08:53] {Threei}  this could be one of those openings when DRYS does its thing

[08:53] {magoo} u pushing your luck lil man {soup nazi to george}

[08:54] {nemo} don't pick on me because I'm short...

[08:54] {nemo} I have a complex

[08:55] {magoo} ahhh nemo..5'1 isnt short he he

[08:55] {nemo} yeah, but it was the perfect height when I hugged my six foot girlfriend

[08:55] {hawkfan4} lol

[08:55] {magoo} UHHHHHH

[08:56] {elepet} old pet gone(gern). not reliable. new pets  dsx and old faithful drys. holding from yesterday. both up  alot this morning.

[08:56] {dino} vprt?

[08:58] {dino} another 5" of snow and still falling. getting tiresome

[08:58] {magoo} where u live dino?

[08:59] {nemo} yeah' we're getting whacked by another bout of white global warming...errr...climate change

[09:01] {hawkfan4} same here dino, got 3 or 4, i'm ready for spring

[09:01] {nemo} we're supposed to get a foot, then rain on top

[09:02] {cujo} hate winter

[09:02] {cujo} sux

[09:02] {magoo} where u live hawk..nemo?

[09:02] {nemo} boston

[09:03] {magoo} ahhhh..been there

[09:03] {magoo} nice city

[09:03] {elepet} you can all come visit me in mexico after Feb 9. . lots of sunshine. 84 degrees. 

[09:04] {nemo} Yeah, it's pretty cool...but the older I get the farther away I want to be from the huddled masses.  I'll take the mountains during hunting season thank you

[09:04] {nemo} Guess I'd have to switch from Vodka to tequila...the worm...

[09:04] {hawkfan4} chicago mags

[09:04] {nemo} where are you Mags

[09:06] {magoo} nort east pennsy

[09:06] {nemo} Oh, jeez...you've got so many deer down there, they're pets!!

[09:06] {magoo} yup

[09:06] {magoo} bear too

[09:07] {magoo} largest black bear in entire country

[09:07] {nemo} how big is that?

[09:07] {magoo} 650 lbs

[09:07] {nemo} yep

[09:07] {nemo} big

[09:07] {cujo} that is a big bear

[09:07] {cosmo} do you get any Bigfoot?

[09:07] {nemo} they hate the cold

[09:08] {cosmo} oh?

[09:08] {nemo} now their cousins the Yeti, on the other hand...

[09:09] {Threei}  if DRYS opens around this level, one of two scenarios is likely:

[09:09] {Threei}  first (my preferrable) is, sharp drop, probably to 11.70- 11.80, then strong rebound

[09:10] {Threei}  second, more risky, break of 11.30 and big jjump

[09:10] {nemo} 11.30?

[09:10] {Threei}  12.30

[09:10] {nemo} ty

[09:12] {elepet} I'm betting on the latter.  hehehehe. that's why i'm still holding.

[09:13] {magoo} just keep in mind...sell this pop could be in the cards

[09:13] {magoo} not saying it is

[09:13] {magoo} but keep in mind

[09:14] {magoo} vad..u watching any of the banks?

[09:14] {Threei}  C, BAC

[09:15] {magoo} WFC C UBS JPM STT

[09:15] {Threei}  you may want to watch FAS also

[09:15] {Threei}  x3 financials

[09:16] {magoo} a long fund?

[09:16] {Threei}  yes

[09:16] {Threei}  FAZ is short one

[09:16] {magoo} faz a short fund correct?

[09:16] {magoo} as i typed

[09:16] {hawkfan4} FAZ is the short 3X financials

[09:16] {magoo} u read my moind

[09:16] {Threei}  scary

[09:17] {nemo} psychic cellmates

[09:17] {Threei}  I have to say for the record, I strongly disagree with most I see in there

[09:17] {nemo} hehehehe

[09:17] {nemo} is it that affinity for sheep vad?

[09:18] {dino} xlf 2x

[09:18] {Threei}  I'll leave it to mags to comment on that

[09:19] {nemo} uyg too Dino

[09:19] {dino} ty

[09:20] {nemo} It's almost like they're all milling around the starting line

[09:21] {dino} fed 2:15 today

[09:21] {Threei}  yeah

[09:21] {nemo} I think the only news that could come out of that is neutral or bad

[09:21] {dino} imo, just relax at open, lets see where it wants to go

[09:21] {Threei}  although I don't know what can come out of it that would be of any surprise

[09:21] {nemo} raising interest rates

[09:22] {dino} lol

[09:22] {Threei}  seems pretty much predetermined non-event

[09:22] {nemo} I agree...that's what scares me...that's what I logically think should happen

[09:22] {Threei}  as far as rates policy goes, we are bound to stall for a while

[09:23] {Threei}  no room to cut and no one is so crazy to start raising just yet

[09:24] {dptl} gm all

[09:24] {Threei}  dp :)

[09:24] {ese} morning

[09:24] {cujo} morning

[09:24] {fernp} hello everybody

[09:24] {Threei}  ese :)

[09:24] {Threei}  fern :)

[09:25] {Threei}  DRYS so far holds the level

[09:25] {Threei}  C and BAC pulled back a bit

[09:26] {Threei}  I'll repost on DRYS for late joiners

[09:27] {Threei}  08:13am Baltic Dry Bulk Index +1%, seventh consecutive increase

[09:28] {elepet} all components are way up today. 

[09:29] {Threei}  FAS is trying to consolidate under 11.20

[09:30] {Threei}  hopefully opening ranges will form over couple minutes, immediate breaks are tough to play

[09:30] {Threei}  DRY seems to go for the first scenario

[09:31] {Threei} Long Setup:  DRYS  .15 if holding above 12, half lot

[09:32] {Threei}  FAS jumped

[09:32] {KSystems} in DRYS

[09:32] {Threei}  big offers there KS... don't be first to buy

[09:35] {KSystems} and out

[09:36] {larisa} STT

[09:36] {Threei}  yup, switches to deeper drop and bounce scenario

[09:36] {Threei}  STT is pure crazy

[09:36] {ese} CENX dino...downgraded from strong buy o buy

[09:36] {nemo} perfect for Mags

[09:37] {Threei}  DRYS is ready

[09:37] {Threei}  .90 break

[09:37] {dino} sm eqix l .00

[09:37] {nemo} look at the orer at .90

[09:37] {nemo} order

[09:38] {Threei}  that's why its break is long trigger

[09:38] {nemo} missed it

[09:39] {Threei} Long Setup:  PLD  11.30 break

[09:39] {Threei}  stop under .20

[09:41] {nemo} what's stop on DRYS .80

[09:41] {Threei}  .75

[09:42] {Threei}  PLD no worky

[09:43] {nemo} lot ov overhead @12 on DRYS

[09:44] {nemo} no worky=invalidate?

[09:45] {hawkfan4} means stopped

[09:45] {Threei}  STT

[09:45] {Threei}  REPORTS EQUITY ASSETS UNDER ADMINISTRATION AT $138B

[09:46] {fernp} cover C +.15

[09:47] {dino} sounds like stt is putting itself up for sale

[09:49] {dino} out eqix .50, +.50

[09:49] {hawkfan4} nice

[09:49] {dino} apol not participating

[09:49] {nemo} Vad would there be  a lot of selling @ this level of DRYS because of the gap up overnight?

[09:50] {dino} ty hawk

[09:50] {Threei}  who cares about whys?

[09:51] {hawkfan4} FAS .25, stop 11

[09:51] {Threei}  C

[09:51] {Threei}  GOVT OF SINGAPORE DISCLOSES PASSIVE STAKE

[09:51] {nemo} probabilities

[09:52] {hawkfan4} stop to 11.10 on FAS

[09:52] {dino} are you sure its not pass the steak?

[09:52] {Threei}  GEORGE SOROS: BAD BANK MAY NOT BE THE BEST WAY TO DEAL WITH FINANCIAL CRISI

[09:52] {dino} talking his book

[09:52] {Threei}  I understand he has a better idea

[09:53] {dino} they need a "bad trades" bank too

[09:54] {cujo} ha ha ha.  error acct bank?

[09:54] {Threei}  market is shaky here

[09:54] {dino} watching t, vz, apol

[09:55] {dino} massive gap ndx from open

[09:55] {Threei}  would hate to see repetition of this yesterday's sharp up and down with no rhytm

[09:55] {fernp} DRYS is forming a DBI

[09:56] {Threei}  either that or double bottom

[09:56] {nemo} hope it's a salmon?

[09:56] {Threei}  nah

[09:56] {dino} gap fill and rock after fed mtg my bet

[09:56] {Threei}  DRYS is practically never a salmon

[09:57] {Threei}  who is uncomfirtable, just scratch it

[09:57] {Threei}  it's around breakeven

[09:57] {nemo} trade the plan

[10:01] {Threei}  FAS looks better and better for you hawk

[10:01] {Threei}  hope I don't jinx it

[10:01] {magoo} RIMM vad..reading it?

[10:02] {hawkfan4} agree, stop under .20 now

[10:02] {Threei}  looks like .90 break on RIMM mags

[10:02] {KSystems} should drys stop be trailed?

[10:02] {Threei}  if holding .70 and if market helps

[10:03] {Threei}  .80 held a few times KS

[10:03] {Threei}  so, it's reasonable

[10:05] {Threei}  lost support

[10:06] {KSystems} stopped

[10:06] {fernp} stopped

[10:06] {dino} t sm l .00

[10:06] {Onix} stppped

[10:06] {nemo} stopped

[10:07] {dino} apol filling gap

[10:09] {Threei}  HIG woke up

[10:09] {Threei}  long time no see

[10:10] {ese} L DISH .80 3/4

[10:10] {Threei}  remember my yesterday's "odd call" on NURO?

[10:11] {hawkfan4} yep, strange stock

[10:13] {Threei}  HIG, sharp pullback into .50 will be interesting for bounce

[10:17] {Threei}  partialing any on FAS yet hawk?

[10:17] {Threei}  or you are in till insane numbers?

[10:18] {Threei}  NURO... sheesh

[10:18] {hawkfan4} gonna dump 1/2 if i see .45 bid

[10:20] {hawkfan4} now .55

[10:20] {hawkfan4} out 1/2 + .30

[10:20] {ese} OUT DISH .04 +.24

[10:20] {Threei}  wtg

[10:21] {ese} tks

[10:22] {hawkfan4} dumped the rest .55

[10:23] {Threei}  .35 - .40 is probably re-entry

[10:26] {nemo} drys back on?

[10:27] {Threei}  on pullback, maybe\

[10:27] {Threei}  breakouts don't work so far

[10:27] {magoo} agree vad

[10:28] {nemo} alot want out at 12

[10:28] {dino}  algt waking up

[10:28] {dino} hod trig imo

[10:29] {hawkfan4} watching BAC .60 break

[10:30] {Threei}  *DOE CRUDE: +6.2M V +2.7ME

[10:30] {Threei}  GASOLINE: -121K V +1.5ME;

[10:34] {Threei}  anyone took FAS on pullback into .40?

[10:35] {cujo} caught that one hawk.  Thanks. 

[10:35] {hawkfan4} got back in .63, nice cujo

[10:36] {cujo} yeah in .62 out here 1:1

[10:36] {cujo} drys making moves

[10:39] {dino} ughhhhh es, we screwed up apol

[10:40] {dino} was waiting 77.22

[10:40] {Threei}  PRESIDENT OBAMA: CONFIDENT IN CHANCES FOR APPROVAL OF ECONOMIC STIMULUS PACKAGE

[10:40] {Threei}  - A congressional Vote is scheduled for today

[10:42] {Threei}  HIG's pullbacks are not as deep as we would want

[10:42] {Threei}  closer to 17 I'd feel safer

[10:43] {Threei}  but if market stages another break, probably won't happen

[10:45] {cujo} l GS .11

[10:46] {dino} obama meets w/ceo's "hey guys, what will you give me if i get you tax $"

[10:48] {Threei} Long Setup:  CHK  .47 if holding above .35

[10:49] {magoo} in

[10:49] {KSystems} in

[10:50] {fernp} in

[10:51] {cujo} in

[10:51] {cujo} target Vad?

[10:51] {dino} out algt .68, +.18, markets pull back

[10:52] {Threei}  as always

[10:52] {Threei}  half out around 1:1

[10:52] {cujo} thanks

[10:52] {Threei}  .50 break should give a spike

[10:53] {dino} wmt, mcd negative

[10:53] {Threei}  HIG better pullback

[10:55] {magoo} as with anything mkt related

[10:55] {magoo} the bathroom indicator has switched today

[10:55] {magoo} if go in restrm..mkt goes up

[10:56] {magoo} so play accordingly

[10:56] {Threei}  just let us know

[10:56] {magoo} yup

[10:57] {Threei}  missed HIG by 1 cent

[10:57] {Threei}  anyone caught it?

[10:58] {cujo} nope

[10:58] {hawkfan4} nope

[10:58] {magoo} nope

[11:00] {KSystems} nope

[11:03] {ese} have enjoyed watching this move by DISH.....classic cup and handle...consolidating...should take off from here

[11:03] {dino} lol

[11:03] {Threei}  market looks ready for a break

[11:03] {ese} bstop 1/2 at .30

[11:04] {ese} should help dish

[11:04] {Threei}  which probably in terms of last day or two trading means we will drop500 points in the next 2 minutes

06[11:04] * KSystems slaps CHK around a bit with a large chart of uptrending NQ

[11:05] {dino} laughing at your "have enjoyed" comment es

[11:05] {Threei}  it pretty much behaves KS

[11:05] {Threei}  just needs market break

[11:05] {Threei}  didn't pull back anywhere as deep as market did

[11:06] {KSystems} i didnt kick it...was just a slap between friends

[11:06] {Threei}  hmmm

[11:06] {Threei}  you mean you don't kick your friends?

[11:06] {ese} make that bstop .29

[11:06] {KSystems} no Vad, I'm a nice guy

[11:06] {cujo} only when they are "down"

06[11:06] * KSystems crosses his fingers

[11:06] {Threei}  my idea of friendship must be different...

[11:07] {dino} throw some salt over your shoulder

[11:07] {magoo} [11:06] {cujo} only when they are "down"

[11:07] {magoo} would have expected that out of nemo lol

[11:08] {cujo} he he he

[11:08] {nemo} I'm so short I'm hitting them in the kneecaps anyway

[11:08] {Threei}  series of promises that actually speak of true friendship

[11:08] {nemo} where'd you get that?

[11:08] {Threei}  1. When you are sad -- I will help you get drunk and plot revenge against

[11:08] {Threei}  The sorry bastard who made you sad.

[11:08] {ese} long .29 dish

[11:09] {Threei}  4. When you are scared -- I will rag on you about it every chance I get.

[11:09] {Threei}  5. When you are worried -- I will tell you horrible stories about how much

[11:09] {Threei}  Worse it could be until you quit whining.

[11:09] {Threei}  6. When you are confused -- I will use little words.

[11:09] {Threei}  7. When you are sick -- Stay the hell away from me until you are well

[11:09] {Threei}  Again. I don't want whatever you have.

[11:09] {Threei}  8. When you fall -- I will point and laugh at your clumsy ass.

[11:09] {Threei}  9. This is my oath.... I pledge it to the end. 'Why?' you may ask;

[11:09] {Threei}  'because you are my friend'.

[11:09] {Threei}  now, guess who sent that to me

[11:10] {nemo} Vad lies

[11:10] {KSystems} now it may be time for some kicking CHK

[11:10] {Threei}  I don't like this CHK hesitance

[11:10] {dino} the rich guy from africa that wants to use your checking acct

[11:11] {Threei}  let's trail stop to under .40

[11:11] {KSystems} out

[11:11] {cujo} out

[11:11] {Threei}  it should have been at .60 by now if it wanted to go

[11:11] {magoo} i thought it was his wedding vows lol

[11:11] {cujo} ha ha ha

[11:12] {Threei}  my wedding vow was,

[11:12] {Threei}  I don't promise you'll be happy with me... but I do promise you won't be bored

[11:12] {magoo} my was..."i swear i used a condom..but hey...here we are at the altar"

[11:12] {fernp} stopped

[11:12] {nemo} His wife:What's ours is mine, what's yours is mine, and what's mine is mine Vad:  What's ours is yours, what's mine is yours and what's yours is yours

[11:13] {dino} ahh the 3 rings of marriage, the engagement ring, the wedding ring, and the suffering

[11:13] {nemo} which leads to hallway sex

[11:13] {hawkfan4} lol dino

[11:13] {Threei}  FDIC SPOKESPERSON DECLINES COMMENT ON POTENTIAL FOR VARIOUS 'BAD BANK' MANAGEMENT BY GOVT AGENCIES

[11:13] {dino} :)

[11:13] {nemo} FAS on steroids today

[11:14] {magoo} [11:13] {nemo} which leads to hallway sex

[11:14] {magoo} standing on a chair nemo?

[11:16] {nemo} mags' I sent you a personal message

[11:16] {magoo} in dcc?

[11:16] {magoo} ROFLOL

[11:18] {dino}  mcd sm l .50

[11:19] {dino} opps .49

[11:19] {dino} thx chuck

[11:20] {magoo} out GS .75

[11:20] {magoo} TY cujo

[11:20] {cujo} nice

[11:20] {dino} gj

[11:20] {cujo} you got in? 

[11:21] {magoo} yeah..u brought too my attention

[11:21] {cujo} cool.

[11:21] {Threei}  IRANIAN PRES AIDE: NO PLANS TO HALT NUCLEAR WORK IN LIGHT OF US CALLS FOR HALT WITH REGARDS TO UN RESOLUTIONS

[11:22] {Threei}  UPDATE: GM CANCELS CONTRACTS TO BUILD NEW ENGINE PLANT IN FLINT, MI; DOES NOT MEAN THE END OF THE VOLT HYBRID VEHICLE - FOX BUSINESS NEWS

[11:22] {Threei}  HIG

[11:22] {Threei}  trying hard at .50

[11:23] {nemo} HIG's president leaves for Obama's staff

[11:23] {dino} iranian pres., "if obama gives us a few hundred million, we will stop nuclear work for.....hmmmmmm... let's say 6 months

[11:23] {Threei}  that;'s why stock so happy?

[11:24] {nemo} I have know eye deer

[11:24] {magoo} GM to start building nuclear weapons grade for IRAN.."CEO...what the hell..auto indudstry blows"

[11:24] {nemo} mags dcc

[11:24] {magoo} OY

[11:25] {dino} out t .40, +.40

[11:25] {dino} lol magoo

[11:25] {dino} more $$$$ in it

[11:25] {Threei}  if market breaks again, HIG becomes a .50 break play

[11:27] {Threei}  FAS non-stop

[11:27] {magoo} how about pullbk vad?

[11:27] {magoo} hig

[11:28] {Threei}  sure it that's what happens

[11:31] {Threei}  prez on TV

[11:31] {magoo} vad..u ditch CHK?

[11:32] {Threei}  yes

[11:32] {magoo} DAMMIT

[11:32] {Threei}  ?

[11:33] {magoo} just funnin

[11:34] {dino} deck

[11:34] {Threei}  HIG pulled back about 20 cents

[11:35] {Threei}  GM

[11:35] {Threei}  CONFIRMS WILL CLOSE JOBS BANK ON MONDAY

[11:37] {ese} just finished looking at a whack of daily charts.....a ton of double and triple bottoms been put in....

[11:37] {nemo} C&H on DRYS?

[11:38] {Threei}  don't know on DRYS

[11:38] {nemo} probably a bit ragged

[11:42] {Threei}  that was one spectacular bounce HIG

[11:42] {elepet} is anyone still in drys?

[11:42] {hawkfan4} geesh, was trying to get an order ready on HIG and it was gone

[11:42] {magoo} not i

[11:43] {cujo} yeah lot of names just bounced. 

[11:43] {Threei}  hawk, what are you, typing in datek order form?? :)

[11:43] {hawkfan4} lol, no, i fax it to my broker ;})

[11:44] {nemo} what? no carrier pigeon?

[11:44] {hawkfan4} i've upgraded

[11:44] {dino} lol

[11:44] {nemo} carrier hawk?

[11:44] {hawkfan4} exactly

[11:45] {ese} It's traditional for the Canadian finance minister to buy new shoes before a new budget is released.......rumor has it that our guy bought some CROC's.........

[11:45] {nemo} as in Taurine Excrement

[11:46] {cujo} mmmmmm...  taurine......

[11:46] {ese} maybe nemo......ya just never know up here

[11:48] {nemo} we can be more sure down here....definitely!

[11:54] {dptl} we have airline etf now..faa

[11:56] {magoo} DRYS is different today vad imo.........its gonna surprise to upside just to p*ss magoo off

[11:56] {dino} deck a bit crazy

[11:57] {dino} taunting me, like a siren sog to short it

[11:57] {dino} song

[12:01] {Threei}  HIG broke

[12:03] {Threei}  watching for pullback

[12:03] {Threei}  you are thinking .20 reak on DRYS still mags?

[12:03] {elepet} magoo..are youa DRYS fan?

[12:04] {i2romantis} CHK?

[12:04] {Threei}  not sure about it i2r

[12:05] {magoo} more like antiDRYS here

[12:05] {elepet} sae same

[12:05] {dino} sm l wmt .74

[12:05] {nemo} so....wetships?

[12:05] {elepet} I can't seem to sell it. in from 11.82 yesterday.

[12:06] {nemo} emotionally attached again elepet?

[12:06] {elepet} yup.

[12:06] {Threei}  it's just a symbol

[12:06] {Threei}  4 letters

[12:06] {Threei}  what to be attached to

[12:07] {nemo} must have been somethin' in his childhood

[12:07] {cujo} going to run some errands.  See you all in a few. 

[12:07] {Threei}  in all fairness, it does form the setup... .10 - .20

[12:08] {magoo} agrre vad..but really do hate it

[12:08] {Threei}  AAPL strength

[12:09] {Threei}  HIG is ready for sharp dive

[12:09] {nemo} getting right shoulder on FAS?

[12:11] {Threei}  looked like dive under .50, HIG... held above

[12:13] {i2romantis} out CHK +.15

[12:14] {dino} gj

[12:15] {i2romantis} learning to be emotionally detached from price going up after i sell :)

[12:16] {magoo} out .71 CHK

[12:16] {magoo} TY vad

[12:16] {Threei}  HIG... .75 break if breaks are back

[12:16] {Threei}  can't tell whether they are...

[12:16] {Threei}  .50 one worked

[12:17] {Threei}  so did CHK

[12:18] {dino} i2r, exactly, a scalp is a scalp

[12:18] {i2romantis} yep

[12:23] {i2romantis} funny, if i followed the strategy for raising stops (which I did in my mind once i sold), i'd be selling it at .83, another +.2 with no risk, so that's another learning, not trying to jump ship when already in profit zone

[12:24] {i2romantis} but a great thing about scalping is that another trade is pretty much around the corner :)

[12:25] {Threei}  partialling out is the answer for this kind of situations, i2r

[12:25] {dino} i2, good job

[12:25] {dino} always a hundred trades out there.

[12:25] {dino} thats why i trail tight w/stops, expecially when in the $

[12:26] {i2romantis} ok

[12:26] {dino} thin atm machine

[12:26] {dino} think

[12:26] {Threei}  HIG revisited .50 once again

[12:27] {Threei}  DRYS broke, and makes new highs slowly

[12:27] {magoo} must confess took .24 DRYS

[12:28] {elepet} passed .30. now what?

[12:28] {magoo} prob disappoint

[12:28] {magoo} time for RIMM to catch up

[12:29] {magoo} ketchup??

[12:29] {Threei}  it's already above 1;1

[12:30] {Threei}  anyone took HIG this time?

[12:31] {hawkfan4} not me, just watching for now

[12:37] {Threei}  all I see is microscalps

[12:37] {Threei}  7 cents here, 12 cents there

[12:38] {Threei}  market is consolidating for another leg up, and most likely that's what is going to happen

[12:38] {nemo} are you talking today Vad?

[12:38] {Threei}  yeah

[12:39] {nemo} ty

[12:42] {dino} leg up? pretty much stuuck in tight range

[12:43] {dino} time will tell

[12:43] {larisa}  I will pretend i am dino and say we finish DJI +45 today again :)  dino, pretend you are you, what you say ? :)

[12:44] {dino} +300

[12:44] {larisa} wow

[12:44] {dino}  end of day fri 8900

[12:44] {Threei}  I am with dino

[12:44] {dino} next week -6%

[12:44] {dino} that's the pattern

[12:45] {dino} they hasve to paint the tape so mutual fund statements don't look so bad. $ needs to stay in. fed says (win-wink) we are not paying attention to that right now

[12:56] {nemo} HIG hiccupping

[12:56] {Threei}  HIG became a regular bouncer off each selloff

[12:57] {Threei}  RIMM... if market helps, 58 break for a scalp

[12:57] {larisa} 56?

[12:57] {Threei}  56

[12:58] {magoo} in 58

[12:59] {Threei}  overp[aid a bit I'd say

[13:00] {nemo} nice dump fas

[13:01] {Threei}  HIG almost ready

[13:02] {Threei}  got .26

[13:02] {Threei}  .19 stop

[13:03] {Threei}  half out .35

[13:06] {Threei}  stop to .23

[13:06] {nemo} Mags?  Gotta' go to the bathroom yet?

[13:07] {larisa} lol, what a spike :)

[13:07] {magoo} ok talkin from my keybd in restrm

[13:07] {larisa} stay there magoo :)

[13:07] {Threei}  lol

[13:07] {Threei}  out in full .49

[13:07] {hawkfan4} out HIG +.14, thx vad

[13:08] {jmb} thanks vad

[13:08] {i2romantis} very nice 3i

[13:08] {Threei}  here is that next leg

[13:09] {magoo} out here .57 TY

[13:10] {Threei}  nice

[13:10] {Threei}  more patience than I have

[13:11] {dptl} grabbed .23 on stt bounce

[13:11] {Threei}  wtg

[13:12] {Threei}  I just couldn't bring myself to call it

[13:12] {cujo} miss anything?

[13:12] {dptl} ty

[13:13] {Threei}  just one HIG scalp cujo

[13:13] {Threei}  not much

[13:13] {cujo} thanks

[13:13] {hawkfan4} but it was for 4 dollars

[13:13] {nemo} DON"T TELL HIM THAT

[13:13] {Threei}  for very patient, 4.03

[13:13] {nemo} You guys are mean

[13:13] {hawkfan4} :)

[13:13] {Threei}  and proud of it

[13:13] {dino}  mcd stop to .85

[13:14] {hawkfan4} trying AKS .26

[13:15] {dino} ti .89

[13:17] {Threei}  stop under .20 hawk?

[13:17] {hawkfan4} yep

[13:17] {dino} stopped mcd .89, +.40

[13:18] {Threei}  lol HIG

[13:18] {Threei}  overstretches bands in both directions

[13:19] {nemo} dripping volume on last rise

[13:19] {nemo} dropping

[13:19] {gen} hi everybody :)

[13:19] {Threei}  I like dripping

[13:19] {Threei}  hey gen

[13:20] {cujo} DRYS 12.25?

[13:20] {gen} Vad :)

[13:20] {Threei}  not at the top of such spike

[13:20] {Threei}  let it pull back

[13:20] {Threei}  hig

[13:21] {Threei}  pullback time

[13:21] {Threei}  feels like less deep this time, and then .75 break

[13:24] {hawkfan4} 1/2 out .90 from .75

[13:24] {magoo} read AAPL vad?

[13:24] {Threei}  A

[13:24] {Threei}  A

[13:24] {Threei}  then P

[13:24] {Threei}  then L

[13:25] {Threei}  I can't get any kind of read into such spike mags...

[13:25] {Threei}  no way to tell where it reverses

[13:25] {Threei}  either pullback or consolidation

[13:26] {Threei}  btw hawk... last 1000 shares at .27 on AKS that lifted the offer, remember?

[13:26] {hawkfan4} :) thanks

[13:26] {Threei}  you are welcome

[13:26] {dino} brb

[13:27] {hawkfan4} took a double.  also NUE from 44.26

[13:27] {Threei}  well... who didn't believe me that market was getting ready for the next lift-off, raise your hands

[13:27] {nemo} I'll keep my fins down, thankyou

[13:27] {Threei}  AKS over 1:1

[13:28] {Threei}  frigin HIG will never stop

[13:28] {Threei}  ever

[13:28] {Threei}  it will just go to 19... 20...21...

[13:28] {Threei}  +170 DJI

[13:28] {Threei}  larisa, you start believeing in +300?

[13:29] {larisa} +45

[13:29] {Threei}  aren't you a stubborn one

[13:29] {Threei}  I am out AKS hawk, thanks

[13:30] {Threei}  idiotic day for me... getting right read and having hardest time utilizing it

[13:30] {hawkfan4} nice, my pleasure

[13:30] {nemo} I guess you gotta' keep Mags in the bathroom (or closet)

06[13:31] * Threei prepares the trout for magoo who prepares to say "that's because you are an idiot"

[13:31] {nemo} not nice mags

[13:31] {Threei}  well nemo... last thing we want to see is nice magoo

[13:31] {cujo} l slw .45

[13:31] {Threei}  that wouyld ruin my world

[13:33] {hawkfan4} sold 1/2 aks +.16, out rest HIG +.28

06[13:33] * Threei slaps hawkfan4 around a bit with a large roll of cash

[13:33] {hawkfan4} officially a really nice day

[13:33] {Threei}  sorry hawk... I just had to slap someone

[13:34] {Threei}  and magoo is not giving me an excuse

[13:34] {hawkfan4} np, anytime

[13:34] {Threei}  hmmm... as if I really need one...

06[13:34] * Threei slaps magoo around a bit with a large absence of excuse to slap him

[13:34] {magoo} out RIMM .34

[13:34] {magoo} TY 

[13:35] {Threei}  here is my excuse!

06[13:35] * Threei slaps magoo around a bit with a large roll of cash

[13:36] {dino} i should shovel more often, moves markets up

[13:36] {magoo} hang onnnnnnnnn....i gotta pee .......mkts gonna go BALLISTIC

[13:37] {hawkfan4} LOL

[13:37] {nemo} that you have to go to the bathroom is sufficient

[13:38] {Threei}  I am overwhelemed by the details we get to learn here

[13:38] {i2romantis} lol

[13:38] {nemo} I suppose it could get worse

[13:38] {i2romantis} Dino, you can come shovel some more over here

[13:39] {Threei}  yes nemo but that doesn't matter much - aftre certain level you just go numb

[13:39] {Threei}  kind of that question, you know... C and F are the same at -40,

[13:39] {nemo} that's the challenge to go where you break the numbness

[13:39] {Threei}  how to calculate below that?

[13:39] {Threei}  answer is, who cares? It's too fikin cold to do any math

[13:39] {nemo} I was talking sensibilities not temperature

[13:40] {Threei}  no one appreciates the fine metaphore these days... sigh...

[13:40] {nemo} Yeah, I wouldn't be able to take my fingers out of my mittens so I could count

[13:40] {Threei}  right, and counting with limbs you can't go beyond 4

[13:40] {Threei}  which impedes math abilities

[13:41] {nemo} Here's one for you.  Hey Mags, helmet or anteater?

[13:41] {dino} no thx i2r

[13:42] {Threei}  just as we started picking up worthy plays, Fed time approaches

[13:42] {Threei}  oh i2r, you are in Quebec, right?

[13:42] {Threei}  TV said it's brutal today

[13:45] {Threei}  gen dcc pls

[13:45] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET

[13:45] {Threei}  **consensus expectation is for the rate to remain at 0.25%.

[13:45] {Threei}  **Expectations on today's FOMC statement vary widely, from no change to speculation the Fed could make specific announcements about new actions ranging from buying Treasury securities to adopting explicit inflation targeting. Given the substantial rate cut and additions to the December statement, however, the FOMC may hold off on any major changes in its statement today as it continues to discuss and review alternative actions and awaits the follow through and impacts of the government's TARP and stimulus packages.

[13:47] {cosmo} .50% cut?

[13:47] {magoo} restroom WORX

[13:47] {Threei}  into negative territory?

[13:48] {cosmo} yes....negative

[13:49] {cosmo} its a theory only

[13:49] {i2romantis} yes, in qc

[13:50] {i2romantis} freezing here, as usual

[13:50] {hawkfan4} out rest AKS .37

[13:53] {Threei}  +7 here, sun, warmth...

[13:54] {Threei}  market is p;ulling back befoe announcement

[13:55] {Threei}  if HIG's history today is any indicator, should drop to .70 or so before trying bounce

[13:59] {Threei}  US TREASURY'S GEITHER: NEED TO PRESERVE PRIVATE BANKING, NEW RESCUE PLAN TO COME 'RELATIVELY SOON'; TARP CONTRACTS TO BE VIEWABLE ONLINE

[13:59] {Threei}  - speaking at a TARP oversight meeting

[14:04] {dino} rebel yell

[14:05] {Threei}  ECB'S ORPHANIDES: DANGEROUS FOR CENTRAL BANKS TO 'SAVE' THEIR AMMUNITION, LOW RATE 'AVERSION' MAY AFFECT ACTIONS, MUST PAY ATTENTION TO QUANTITY OF MONEY

[14:05] {Threei}  - Notes that it is a false belief that low rates are ineffective.

[14:05] {Threei}  - stresses these comments are his own opinion and not those of the ECB

[14:05] {Threei}  why is he speaking on behalf of ECB then?

[14:06] {Threei}  it should read: private citizen Orphanides says...

[14:11] {Threei}  Court: cheerleader can't sue a teammate who didn't catch her

[14:12] {Threei}  between that and inability to sue Madoff for lost faith in humanity, there goes my dream to make millions in court

[14:14] {Threei}  FOMC time

[14:15] {Threei}  FOMC HOLD RATE AT 0.25%;

[14:15] {Threei}  {SPY SHY TLT EUR/USD USD/JPY G

[14:15] {magoo} unchanged

[14:16] {Threei}  here comes HIG

[14:16] {Threei}  prepare half lot

[14:16] {Threei}  PREPARED TO BUY LONGER TERM TREASURIES IF COULD IMPROVE CREDIT MARKET CONDITIONS, RATE MAY BE AT EXCEPTIONALLY LOW FOR PERIOD OF TIME

[14:16] {Threei}  - Reiterates inflation could persit below desirable rates

[14:16] {Threei}  - Vote was 8-1 (Lacker Dissented, preferring to purchase US treasuries)

[14:17] {Threei}  - May see gradual recovery in the economy later in 2009, some conditions in financial markets have improved

[14:17] {Threei}  - Discount rate remains unchanged at 0.50%

[14:18] {i2romantis} +.12 in 30 seconds, what a great catch on EGLE, would be nice to have these kinds more often

[14:19] {Threei}  .76 was it on DRYS...

[14:19] {Threei}  too fast to catch

[14:19] {cujo} anyone get in? 

[14:19] {fernp} too fast

[14:19] {larisa} HIG you mean

[14:19] {Threei}  grr

[14:19] {Threei}  HIG

[14:20] {i2romantis} yeah, such a nice sell off at times, if you are quick

[14:20] {i2romantis} I missed second run on EGLE

[14:21] {dino} 80 to go

[14:23] {i2romantis} #3 for EGLE

[14:24] {cujo} rimm

[14:25] {hawkfan4} HIG .82 1/2 lot

[14:27] {hawkfan4} stop .69

[14:28] {dino} gg sm l .10

[14:29] {hawkfan4} stopped -.13

[14:32] {Threei}  FAS fast selling

[14:34] {cujo} thanks Vad

[14:34] {Threei}  caufght it?

[14:34] {cujo} +.06

[14:34] {cujo} nothing amazing but still worth it 

[14:34] {cujo} not bad for 10 sec worth of work

[14:37] {dptl} leaving early....have a good night all

[14:37] {Threei}  take care dp

[14:37] {cujo} see ya dp

[14:39] {dino} cya dp

[14:39] {Threei}  ok market... bounce time

[14:41] {magoo} candidates?

[14:41] {Threei}  FAS, HIG

[14:41] {Threei}  RIMM

[14:42] {Threei}  all jump too ffast for precise call

[14:42] {Threei}  FAS worked twice off 12

[14:45] {Threei}  MS

[14:45] {Threei}  TICKING HIGHER AFTER JIM CRAMER MAKES POSITIVE COMMENTS

[14:48] {dino} kiss of death for it

[14:49] {cujo} short 1 MS .29

[14:50] {Threei}  1?

[14:50] {cujo} 1 lot

[14:50] {Threei}  okay :)

[14:50] {cujo} ;)

[14:50] {cujo} out +13

[14:50] {cujo} .13

[14:50] {hawkfan4} nice

[14:50] {Threei}  you are not fooling around are you

[14:51] {cujo} you mean kidding?

[14:51] {Threei}  nice drop

[14:51] {cujo} yeah, should have held :(

[14:51] {cujo} oh well

[14:52] {Threei}  not necessary held, stock is fast and furious... but partial was probably worthn try

[14:54] {Threei}  FAS back into support and lower BB

[14:54] {cujo} Dino's "{dino} kiss of death for it" inspired me...

[14:54] {Threei}  yes

[14:54] {Threei}  Jom's picks do that regularly

[14:54] {Threei}  Jim's

[14:54] {cujo} think FAS long at 12.00?

[14:55] {Threei}  I doubt it will get that far on this leg

[14:55] {dino} lol

[14:56] {Threei}  it's pattern after announcement was, drop into lower BB, stretch itit a little, then bounce for a scalp

[14:57] {cujo} got ya

[14:58] {magoo} dino turn to bring in egg mcmuffins tomorrow   yummy

[15:00] {dino} rock n roll

[15:00] {cujo} you all trade together?

[15:01] {dino} same floor in building, one door down

[15:01] {dino} kindda sucks for me

[15:01] {cujo} nice to have company. ha ha ha

[15:01] {magoo} HEYYYYYYYY

[15:02] {dino} well, he does have a habit of drinking the beer w/o replacing it

[15:02] {magoo} this is tru

[15:02] {nemo} dino...beer is the same color as...

[15:02] {dino} uh oh

[15:07] {cujo} fast sellling MCD

06[15:07] * magoo slaps &Threei around a bit with a large sugggestions to make a real pick..engage maverick.ENGAGEEEEEEEEEEEE

[15:07] {dino} cut gg .95, -.15

[15:08] {nemo} doin a flyby mags?

[15:08] {Threei}  gotta let this play out mags

[15:08] {magoo} watched top gun last nite with son

[15:08] {Threei}  I don;t like this chaos

[15:08] {nemo} ahhhhh the zen master

[15:08] {Threei}  US HOUSE REP MINORITY LEADER BOEHNER (R): DISAPPOINTED WITH STATE OF STIMULUS PACKAGE

[15:08] {Threei}  see?

[15:08] {magoo} doesnt have to be a long vad

[15:09] {Threei}  this idiotic up ad down on each comment again

[15:09] {Threei}  doesn't matter long or short... just can't read this other than for little scalps

[15:09] {cujo} +.05 mcd

[15:10] {Threei}  see FAS touching under 12, bouncing for quick 10 cents

[15:10] {Threei}  this kind I mean

[15:10] {Threei}  but they are impossible to call

06[15:10] * magoo slaps &Threei around a bit with a large copy of magoos never touched techniques of tape reading to help vad

[15:10] {Threei}  never touched eh

[15:10] {Threei}  that explains it {GGG}

[15:10] {dino} i think that guy was on "growing pains" sitcome

[15:13] {larisa} -100

[15:13] {Threei}  sigh

[15:13] {magoo} i only need 5 winning trades into bell

[15:13] {Threei}  mags, watch FAS

[15:13] {Threei}  you'll get its rhythm

[15:13] {Threei}  rhytm

[15:13] {Threei}  rythm

[15:14] {Threei}  whatever

[15:18] {magoo} from rocky "u cant train me like colored trader{fighter} lol 

[15:18] {magoo} i have no rythm

[15:19] {Threei}  burt you can spell it

[15:19] {magoo} ROFLOL..actually looked and copired yours

[15:19] {larisa} lol

[15:19] {Threei}  hmmm... how did you pick one of three then?

[15:21] {magoo} any read HIG?

[15:21] {Threei}  breakdown

[15:21] {Threei}  drop into .30 roughly after losing .50

[15:21] {Threei}  bounce from just under it most likely for small scalp

[15:21] {Threei}  then have to reevaluate

[15:22] {nemo} taking FAS w/it

[15:22] {dino} cat going for gap fill

[15:22] {Threei}  FAS closer to .80

[15:22] {dino} meow

[15:23] {Threei}  here comes the bride

[15:23] {Threei}  err HIG

[15:24] {Threei}  first strength from here

[15:24] {Threei}  in

[15:24] {magoo} .17

[15:24] {Threei}  stop under .10

[15:25] {Threei}  takes too long...

[15:25] {Threei}  this kind of selloff should bounce faster

[15:25] {cujo} stopped

[15:26] {hawkfan4} BAC short under .20?

[15:27] {Threei}  hard to tell

[15:27] {KSystems} fas

[15:27] {Threei}  we are getting a bit overstretched

[15:27] {dino} 3:40

[15:27] {magoo} out

[15:27] {nemo} well, there was the gap up overnight...plenty of room for profit taking

[15:28] {Threei}  back in HIG .92

[15:29] {Threei}  half out

[15:29] {Threei}  .10

[15:30] {cujo} out HIG +.12

[15:30] {cujo} Thanks

[15:30] {Threei}  out in full

[15:31] {Threei}  too soon

[15:32] {nemo} good profit in a fast market though...as you said...every little comment

[15:34] {magoo} .92 was a sweet entry

[15:34] {Threei}  and it surprizingly sat there for quite a fedw seconds

[15:34] {magoo} lonf Q here

[15:35] {magoo} .12

[15:35] {magoo} small

[15:35] {magoo} lookin for 3:40 bounce

[15:35] {magoo} ala ding dong

[15:36] {cujo} Thanks magoo

[15:36] {Threei}  why did I ever sell HIG?

[15:36] {magoo} huh?

[15:36] {cujo} +.10

[15:36] {nemo} fear and greed?

[15:39] {dino} both

[15:39] {magoo} greed much stronger

[15:40] {dino} giddy-up 3:40

[15:40] {Threei}  FAS explosion

[15:41] {Threei}  should p;ullback closer to .10 now for another leg up

[15:44] {Threei}  lol

[15:44] {Threei}  A Russian "cyber-militia" has effectively knocked the central Asian republic of Kyrgyzstan offline in recent days

[15:44] {Threei}  A spokesman at the Russian embassy in Washington couldn't be reached for comment. The Kyrgyz government couldn't be reached for comment. U.S. officials couldn't immediately be reached for comment.

[15:44] {Threei}  all for different reasons I assume

[15:44] {magoo} in TOP GUN..russians pilots stunk

[15:44] {hawkfan4} lol

[15:44] {Threei}  Kyrgyz government in particular because of being offline

[15:45] {magoo} thats a tru story u know :)

[15:45] {Threei}  who caught FAS?

[15:45] {cujo} here

[15:45] {Threei}  :)

[15:45] {dino} they have to get them on the phone or by mail

[15:45] {magoo} im nursinhg Q

[15:45] {cujo} yes, :) indeed

[15:46] {Threei}  ideal pullback rioght into support and immediate bounce

[15:46] {dino} no comment because server out

[15:46] {magoo} that wasnice vad

[15:46] {magoo} saw it

[15:46] {hawkfan4} i got FAS +.11

[15:46] {dino} c'mon, that was funny

[15:46] {Threei}  great reflexes guys

[15:46] {magoo} TY

[15:47] {cujo} thanks.  great call.

[15:47] {Threei}  day slowly becomes brighter

[15:47] {Threei}  too bad it's over, lol

[15:47] {magoo} lets trade AFTERHOURS

[15:47] {dino} larisa, only 120 to go

[15:47] {magoo} drink beer to

[15:47] {cujo} any suggestions for something to hold overnight?

[15:47] {magoo} NEVER DINO

[15:47] {larisa} my way too, dino :)  nobody wins :)

[15:48] {Threei}  cujo... I have some, but this is family-oriented room

[15:48] {cujo} ha ha ha

[15:48] {cujo} punny

[15:48] {nemo} I was waiting for that

[15:48] {nemo} no cujo puny

[15:48] {Threei}  who are you calling punny?

[15:49] {cujo} should have known i was setting myself up for that....

[15:49] {magoo} Q baby

[15:49] {magoo} kickin

[15:49] {magoo} puillin

[15:49] {Threei}  well, you did walk right into that :)

[15:49] {magoo} punchin

[15:49] {magoo} pinchin

[15:49] {Threei}  magoo is having fun

[15:49] {magoo} SIGH

[15:50] {Threei}  or should I say, his version of marital realtionship

[15:50] {dino} unusual

[15:50] {dawg} thanks magoo +.14 Q's

[15:50] {nemo} back to the sheep again

[15:50] {magoo} DAWG:)

[15:50] {Threei}  nice bounce everywhere

[15:50] {dino} 100 larisa, need 10 pts/min.

[15:50] {Threei}  told ya we were overstretched

[15:51] {hawkfan4} nice call

[15:51] {larisa} I think you are one day late, dino, tomorrow  +300:) 

[15:51] {Threei}  one day early you mean

[15:51] {magoo} [15:50] {Threei}  told ya we were overstretched

[15:52] {magoo} thanx to me getting u back in a plane

[15:52] {larisa} right 

[15:52] {Threei}  I thought your method was to go to restroom, mags...

[15:52] {fernp} good evening all

[15:53] {magoo} vad..your trading room mate will be assigned to u in bermuda...and if no one wants it...give me a call...ill fly,er um, trade with ya

[15:53] {Threei}  take care fern but FAS is trying to break

[15:53] {fernp} too late for me. see you all tomorrow

[15:53] {Threei}  okay :)

[15:53] {dino} good  evening fernp

[15:54] {Threei}  for the last one, waatch FAS qwuick drop to .20 or just under

[15:55] {Threei}  .40 break is right one chart wise, but so close to eod, I wouldn't go for it

[15:56] {Threei}  what do you know, even that worked

[15:56] {dino} 95 larisaaaaaaaaaaaaaaa

[15:56] {larisa} +200 all you get. no arguing!

[15:57] {Threei}  she is strict dino

[15:57] {dino} indeed

[15:57] {magoo} tell me about it

[15:58] {dino} mr. jones cranking

[15:58] {magoo} still in Q

[15:58] {magoo} from god knows where

[15:59] {nemo} goin'for the FAS pullback......not

[15:59] {Threei}  no

[15:59] {Threei}  1 min left

[16:00] {dino} out wmt .72, -.02

[16:00] {nemo} thus the "......not"

[16:00] {Threei}  tired as hell

[16:00] {Threei}  somehow today was exhausting

[16:00] {hawkfan4} me too

[16:00] {nemo} liquid rejuvenation

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

[16:00] {larisa} see you tomorrow guys

[16:00] {cujo} see you all tomorrow. 

[16:00] {nemo} nite

[16:01] {hawkfan4} thx vad, nite all

[16:01] {magoo} ty vad..all

Jan 27 2009

Empty day, slightly down to breakeven  to slightly up depending on position size. SAtarted with successful scalps, moved to successful stops, then hit two good ones on RIMM (about 50 cents) albeit on half lot position, then took couple small stops on that same RIMM... all in all, not much to show for a day's work

Session Time: Tue Jan 27 00:00:00 2009

[07:56] {nemo} Gruess Gott Herrn K.

[08:05] {Threei}  Good morning

[08:05] {cujo} morning

[08:06] {Threei}  cujo :)

[08:06] {nemo} Vad :)

[08:06] {Threei}  nemo :)

[08:13] {magoo} morning 

[08:13] {larisa} good morning :)

[08:14] {Threei}  magoo, larisa :)

[08:14] {magoo} hi all..hey K..u want to see if we can get me up correctly? i must be close

[08:15] {hawkfan4} morning all

[08:16] {magoo} hawk:)

[08:16] {hawkfan4} mags :)

[08:16] {Threei}  hawk :)

[08:17] {hawkfan4} vad :)

[08:17] {Onix} Good morning all :)

[08:18] {Threei}  onix :)

[08:18] {hawkfan4} morning Onix

[08:18] {magoo} bidu news vad? up 8 +

[08:19] {hawkfan4} GERN gap down, don't see news

[08:19] {Threei}  I don't see anything on BIDU mags

[08:19] {magoo} do theyreport maybe?

[08:20] {Threei}  nope

[08:21] {magoo} bizarre...it has been really under performing of late

[08:21] {Threei}  neither do I hawk, trying to gauge if it's done or has more in it

[08:22] {magoo} real money commentators were negative on GERN yesterday

[08:22] {Threei}  ahhh

[08:23] {Threei}  big guru himself or his minions?

[08:23] {nemo} minions i think

[08:23] {Threei}  this stock never held its gains.... but there is something about this time

[08:23] {magoo} his bio analysst

[08:23] {Threei}  can't quite put my finger on it

[08:23] {Threei}  but feels different

[08:24] {Threei}  will keep an eye on it for a while

[08:29] {elepet} good morning

[08:29] {magoo} X rockin..news?

[08:29] {Threei}  elepet :)

[08:30] {Threei}  X

[08:30] {Threei}  REPORTS Q4 $2.00 V $0.71E (EX ITEMS), R $4.56B V $4.27BE

[08:30] {Threei}  - Results for Tubular in Q109 are expected to decrease significantly from Q408, although we expect to remain profitable. Shipments and average realized prices are expected to decrease in line with market trends.

[08:30] {Threei}  - Flat-rolled results for Q109 are expected to decrease substantially from Q408 primarily due to further declines in shipments as a result of lower customer demand, lower average realized prices and reduced effects from LIFO liquidations.

[08:30] {nemo} Britain is going to a 3 day work week

[08:30] {magoo} what?

[08:31] {hawkfan4} {==packing up and moving to Britain

[08:32] {nemo} Yep.  So many firms are ratcheting down. They want firms to cut back to avoid unemployment and the government to pick up the other two days.  It's being referred to Soviet Britain.

[08:32] {nemo} food sucks

[08:33] {hawkfan4} Vad or mags, what do you guys set your route to on Laser's level 2?

[08:33] {Threei}  on NASDAQ stocks, I keep it unchecked, letting laser to chose

[08:33] {Threei}  on listeds, I prefer ISLD

[08:34] {hawkfan4} ok, that helps, thanks :)

[08:34] {Threei}  on listeds left to chose laser sometimes goes to MLCO

[08:35] {Threei}  and their execution varies from instant fill when marketable order

[08:35] {Threei}  to what feels like end of the queue when I try to offer or bid

[08:35] {hawkfan4} yeah, that's why i asked, had a few times where i couldn't figure out why i didn't get filled, was always MLCO

[08:35] {Threei}  yup, try ISLD

[08:35] {Threei}  these ECN-infested days, it's as instant as NASDAQ

[08:36] {hawkfan4} cool beans, save me some head scratching

[08:37] {Threei}  originally, Laser was designed as NASDAQ-oriented software

[08:37] {Threei}  since listeds were kind of last century in terms of electronic fills

[08:37] {Threei}  Laser's routes to NYSE did best possible at the time

[08:38] {Threei}  but natural limitations of the exchange still used to keep NYSE/AMEX fills below the part vs NASDAQ

[08:38] {Threei}  then progress came to listeds

[08:38] {Threei}  and Laser's configuration became as relevant for them as it was for NASDAQ

[08:38] {hawkfan4} it's such a great platform, i'm sorry i resisted it for so long.  I still haven't figured out the auto stops, but i don't need them very often anyway

[08:38] {Threei}  kind of, mountain came to prophet

[08:39] {nemo} lol

[08:39] {Threei}  there is nothing to figure out, really :)

[08:39] {Threei}  dcc me when things slow down, you'll know how to use them in 3 minutes

[08:39] {magoo} vad, where do u have those settings so i can confirm

[08:39] {hawkfan4} cool, i will, thx vad

[08:41] {Threei}  mags, you can right click Level 2 and in Default Method type ISLD for listeds

[08:41] {magoo} in defaualt..i have INET typed in NAS

[08:41] {magoo} Listed blank

[08:42] {Threei}  if you ever see it going to MLCO, means it still has some feedom of choice in certain circumstances

[08:42] {Threei}  then just chak box Route On/Off, and pick ISLD in dropdown menu

[08:42] {magoo} so leave NAS blank and type ISLD in LISTED?

[08:42] {Threei}  it will nail execution to ISLD for sure

[08:42] {Threei}  why leave NAS blank?

[08:43] {Threei}  leave it INET, as it is

[08:43] {Threei}  [08:41] {magoo} in defaualt..i have INET typed in NAS

[08:43] {Threei}  leave it as it is

[08:43] {Threei}  type ISLD in Listed

[08:43] {hawkfan4} watching X for a bounce

[08:43] {hawkfan4} in .55

[08:44] {Threei}  but with listeds it's not always that straightforward

[08:44] {magoo} ok, but cant type it in...how i get the pop up?

[08:44] {Threei}  so chacking that box and picking ISLD is surefire method to keep your route where you want it

[08:45] {Threei}  can't type it in?

[08:45] {magoo} which box? sorry

[08:45] {Threei}  Route On/Off in execution panel

[08:45] {Threei}  see it?

[08:46] {Threei}  right in the middle

[08:47] {magoo} in the middle of lev 2 trading sttings?

[08:47] {Threei}  execution panel

[08:47] {Threei}  where your buy/sell buttons are

[08:47] {hawkfan4} right above the Limit Buy button

[08:47] {Threei}  in mysetup it's to the right of Cancel button

[08:49] {magoo} my set up only has sell cancel

[08:49] {magoo} buy buttons

[08:49] {Threei}  nice catch on X hawk

[08:49] {Threei}  ok mags, to see the same panel as I see, do this:

[08:50] {Threei}  in Menu, click:

[08:50] {Threei}  View

[08:50] {Threei}  and make sure following two lines are checked:

[08:50] {Threei}  Level II Mouse style

[08:50] {Threei}  Level II Button style

[08:51] {Threei}  now you should see buttons: Limit sell, limit buy, market sell, market buy, cancel

[08:51] {magoo} i see that

[08:52] {Threei}  in the middle, you have box Route On/Off

[08:52] {Threei}  check it, dropdown menu under Route goes live

[08:52] {Threei}  pick your route

[08:52] {Threei}  uncheck it, laser will pick route by itself

[08:52] {hawkfan4} out X .79, +.24

[08:53] {Threei}  got it?

[08:53] {dino} gm

[08:53] {magoo} i checked it..

[08:53] {Threei}  dino :)

[08:53] {Threei}  that's not godd hawk... we are asleep yet and ou zalready are making money

[08:54] {elepet} drys moving up

[08:54] {Threei}  08:16am Baltic Dry Bulk Index +0.9%, sixth straight increase

[08:54] {magoo} so ii pick island under route..then uncheck route on/off?

[08:54] {Threei}  no

[08:55] {Threei}  don't unchek it unless you want to allow laser to pick the route

[08:55] {Threei}  keep it checked while you are on listed

[08:55] {Threei}  on NASDAQ, it doesn't really matter

[08:55] {Threei}  I prefer to keep it unchecked when on NASDAQ,

[08:55] {Threei}  because on market orders it behaves somewhat differently

[08:55] {magoo} oh ok

[08:55] {Threei}  and gives better fills if picks route itself

[08:56] {Threei}  not that I use market orders much

[08:56] {Threei}  but emergency sneaks up on you when you least expect it

[08:56] {magoo} TY

[08:56] {nemo} vad...how do you set font size again?

[08:57] {Threei}  right click Level 2, tab Level II style

[08:57] {nemo} duh? ty

[09:00] {Threei}  NOV CASE SHILLER HOME PRICE INDEX: 154.59V 158.16 PRIOR;

[09:00] {cosmo} NFLX:   Netflix profit jumps 45% as expenses decline

[09:00] {cosmo} 5:59 PM ET, Jan 26

[09:01] {KSystems} Good morning!!

[09:01] {Threei}  ks :)

[09:01] {nemo} Hey, who bought X.  Might as well take the rest of the day off

[09:06] {patience} good morning RT   :)

[09:07] {Threei}  patience :)

[09:09] {fernp} hello everybody

[09:09] {Threei}  fern :)

[09:11] {KSystems} good morning buyemsellem

[09:11] {_buyemsellem} good morning

[09:12] {Threei}  morning buythem, welcome

[09:12] {_buyemsellem} thank you

[09:12] {hawkfan4} gm buyem

[09:16] {Threei}  I don't see clean opening plays yet

[09:17] {Threei}  SLW got a bit by aftermarket news... gotta let it trade to see how market reacts

[09:17] {Threei}  AUY, chart wise, pulled back into that C&H break that we played yesterday at the open,

[09:18] {nemo} that news was net positive for trading...gets the fiscal noose from around SLW's neck

[09:18] {Threei}  but it did dip to 7.80 yesterday

[09:18] {dptl} gm all

[09:18] {Threei}  that's the working assumption nemo, yes... just want to see market action confiriming that

[09:18] {Threei}  dp :)

[09:19] {nemo} yeah..Bill's opening commentary this morning

[09:21] {brian3579} today or tomorrow is my last day just wanted to thank everyone for the help.  I learned so much from just following everyone's setups.  Thank you again and good luck to you all

[09:22] {Threei}  good luck brian, you knowwhere to find us when you miss us

[09:22] {dino} good luck to you brian

[09:22] {hawkfan4} take care brian

[09:22] {dino} welcome to the jungle buy&sell

[09:23] {magoo} take care brian

[09:24] {Threei}  keeping an eye on ABAT

[09:24] {brian3579} :)

[09:24] {Threei}  in case it becomes tradeable spread wise

[09:24] {nemo} see DRYS?

[09:24] {Threei}  electric batteries for cars

[09:25] {Threei}  (US) SENATOR JACK REED: A "BAD BANK" IS SOMETHING CONGRESS MUST CONSIDER

[09:25] {Threei}  no fresh news on DRYS

[09:26] {magoo} drys personna has changed last few sessions

[09:26] {gen} gm everybody :)

[09:26] {magoo}  not as powerful off the opening bell

[09:26] {Threei}  gen :)

[09:26] {Threei}  yeah, former clear pattern of stunning jump was not there lately on DRYS

[09:27] {Threei}  3 zone is a breakout for ABAT...

[09:27] {dino} use drys on nat, tbsi

[09:27] {gen} Vad :)

[09:27] {Threei}  spread is horrific

[09:28] {nemo} Yeah, I already have too much gray and too little overall to trade THAT!

[09:29] {Threei}  guy who bought 3.45 - 3.50 wonders what the hell he was thinking

[09:29] {nemo} Been there, done that, got the scars to prove it.

[09:29] {dino} t smackdown

[09:30] {cujo} RIMM strong selling

[09:31] {ese} morning

[09:31] {Threei}  ese :)

[09:31] {Threei}  NURO...

[09:31] {Threei}  impressive gap

[09:31] {Threei}  colatile thing

[09:31] {dino} afam spike

[09:31] {Threei}  volatile too

[09:32] {cujo} he he

[09:32] {Threei} Long Setup:  DRYS  .85

[09:32] {Threei}  stop under .70

[09:33] {KSystems} in

[09:33] {cujo} in

[09:33] {magoo} in

[09:34] {Threei}  let's move stop to under .75

[09:35] {ese} in

[09:35] {Threei}  want to control it tight, and if those big bids get hit we have no business to be in

[09:36] {Threei}  1:1 DRYS

[09:36] {Threei}  make your choice

[09:36] {KSystems} half out

[09:37] {tomg} ty vad

[09:37] {Threei}  welcome tom

[09:37] {ese} out on 1/2 lot

[09:37] {Threei}  if trying to hold second half, stop to under .80

[09:37] {ese} .99 tks vad

[09:37] {Threei}  ese :)

[09:38] {Threei}  if breaks 12, stop to breakeven

[09:38] {magoo} im trying to catch a move with it

[09:38] {Threei}  and see if you get a sharp jump to exit into

[09:38] {Threei}  DRYS is sure capable of one

[09:40] {cujo} out 1:1anks Vad

[09:40] {cujo} thanks

[09:40] {Threei}  cujo :)

[09:40] {dino} eqix strong last couple days

[09:40] {cujo} BTW got the BVO

[09:40] {Threei}  cool beans

[09:40] {dino} 55 trig sm l imo

[09:40] {Threei}  let me know how you enjoy it as you go through it

[09:41] {_buyemsellem} nice call thank you

[09:41] {cujo} will do. 

[09:41] {Threei}  12 broken, no real jump

[09:41] {Threei}  stop to breakeven, do NOT lose money on this trade

[09:41] {Threei}  welcome buythem

[09:41] {Threei}  or em

[09:42] {Onix} ty Vad, got some in DRYS

[09:42] {dino} algt interesting

[09:42] {Threei}  onix :)

[09:42] {_buyemsellem} thank you, that's a fine welcome

[09:42] {Threei}  now, watch where it bottoms out if not stopped,

[09:42] {Threei}  and as it breaks 12 again trail stop to under that new bottom

[09:43] {dino} sm l algt .50, risky, wide

[09:44] {nemo} slw might be double bottoming from low of yesterday

[09:44] {Threei} Short Setup: LLTC  .35 half lot if stays under .50

[09:44] {Threei}  actually

[09:44] {Threei}  .37 is even better trigger

[09:45] {Threei}  lol, 1:1 in a hurry

[09:45] {Threei}  if missed, do not chase

[09:45] {magoo} missed//it was .40

[09:45] {magoo} thebn boom

[09:45] {Threei}  that was really fast

[09:47] {cujo} that was fast 

[09:47] {cujo} got out before i even put my stop in

[09:47] {Threei}  you caught it cujo?

[09:47] {cujo} great call

[09:47] {Threei}  good reflexes

[09:47] {cujo} yeah +.10 thanks

[09:47] {cujo} i'm jumpy if nothing else

[09:48] {Threei}  sheesh NFLX

[09:48] {Threei}  HEARING DEALREPORTER SAYS SNY MAY BE INTERESTED IN ACQUIRING CRXL

[09:48] {dino} gj

[09:49] {Threei}  GERN has identity crisis

[09:50] {cujo} thanks dino

[09:50] {Threei}  "am I a runner? am I dead in the water?"

[09:52] {tomg} ice storm here, lights dimming, so will just watch for rest of day. got lltc, ty vad :) 

[09:52] {Threei}  tom :)

[09:53] {dino} gj tom

[09:54] {tomg} ty dino

[09:54] {Threei}  ADBE

[09:54] {Threei}  half lot long as close to 20 as you can get

[09:54] {Threei}  watch market for upticks before you enter

[09:55] {Threei} Long Setup:  BBY  .35 half lot

[09:55] {Threei}  if styas above .20

[09:55] {Threei}  stop under 20 ADBE if you caught it

[09:59] {Threei}  bounce time market

[09:59] {Threei}  JAN RICHMOND FED MANUFACTURING INDEX: -49 V -50E

[10:00] {Threei}  JAN CONSUMER CONFIDENCE: 37.7 V 39.0E

[10:01] {Threei}  no worky ADBE

[10:01] {ese} L STLDE .40 3/4

[10:01] {ese} STLD

[10:02] {Threei}  for some wierd reason market got all upset by bad numbers

[10:03] {Threei}  BBY is holding surprisingly well while market sells down

[10:03] {nemo} no competition with Circuit City going out of business :)

[10:03] {fernp} cover RF +.15 and DELL +.15

[10:03] {Threei}  nice scalping footwork fern

[10:04] {dino} beauty fernp

[10:04] {fernp} ty

[10:04] {Threei}  awww... BBY gave up

[10:04] {cujo} stopped BBY

[10:04] {Threei}  stopped

[10:04] {Threei}  most likely shakeout

[10:04] {Threei}  but what doesn't work, doesn't work

[10:06] {fernp} what happened with BBY -30 cents in two seconds 

[10:06] {Threei}  airpocket...

[10:06] {fernp} stopped

[10:06] {Threei}  one of reasons you don't use hardwired stops

[10:06] {dino} gaps filled

[10:06] {cujo} what are hardwired stops?

[10:07] {Threei}  manual will give you normal fill just under .20

[10:07] {Threei}  software stop will most likely take you out much lower on such sharp spike down

[10:07] {nemo} pre-set orders cujo

[10:07] {cujo} ahh thanks. 

[10:07] {fernp} if I only have one open position then I use manual stops

[10:07] {gen} bye everybody i'm done  have to come back to work :(

[10:07] {Threei}  take care gen

[10:08] {cujo} se eya gen

[10:08] {gen} :)

[10:08] {ese} out STLD  +.03   don't what market wants o do

[10:09] {fernp} but with 3 open positions i feel safer with stops limit orders 

[10:09] {Threei}  STLD is a salmon

[10:09] {ese} bad decision...up .20

[10:09] {nemo} 'xplain salmon in this context?  Swimming up river?

[10:10] {ese} salmon?  I must have missed that discussion

[10:10] {Threei}  yup

[10:10] {Threei}  against the current

[10:10] {nemo} they die after sex too

[10:10] {ese} ah ha

[10:10] {cosmo} exactly

[10:10] {nemo} better than male black widow spiders, they get eaten by the females

[10:11] {dino} apol again es

[10:12] {dino} esi holding

[10:14] {cujo} ALGT forming a big cup?

[10:14] {ese} L HLTH .91 3/4

[10:14] {Threei}  ALGT is beyond my risk tolerance

[10:14] {ese} hmmmm that probably should have been a 1/2.....we'll go with it

[10:15] {dino} yeah, a bit jumpy

[10:17] {dino} todays the day we close up 200

[10:17] {cujo} in HLTH as well es .91

[10:17] {cujo} stop at .75?

[10:18] {ese} and were off

[10:18] {ese} setup looks good....a little market help would be nice

[10:18] {cujo} yup

[10:19] {ese} have got my stop at .84.....because i probably should have been 1/2 lot on this one

[10:20] {cujo} thanks

[10:21] {Onix} AKS?

[10:21] {dino} only 199 to go

[10:21] {larisa} lol

[10:21] {dino} :)

[10:22] {ese} actually cujo...this is a cup and handle setup on the 1min chart.....just noticed that...should work in our favor

[10:22] {Threei}  nothing compelling here onix

[10:22] {Onix} ty

[10:23] {dino} fyi fed today and tomorrow, not that any changes should occur

[10:28] {Threei}  STT got perky all of a sudden

[10:29] {ese} stopped HLTH -.07 

[10:30] {Threei} Long Setup:  STT  .90 break if holding above .80

[10:30] {nemo} feels like flossing with barbe wire out there

[10:30] {Threei}  lol

[10:30] {Threei}  I have too vivid imagination

[10:30] {nemo} too many experiences from homeland

[10:31] {KSystems} in STT

[10:32] {cujo} in as well KS

[10:32] {Threei}  market can't find firm footing

[10:33] {Threei}  ok, bounce time

[10:33] {magoo} cant remember last session it could sigh

[10:33] {Threei}  you are kidding

[10:33] {Threei}  we had very strong recoveries on regular basis

[10:34] {magoo} your dreaming

[10:34] {Threei}  eeck

[10:34] {Threei}  were you even here?? :)

[10:34] {nemo} take your meds mags

06[10:35] * Threei kicks stt in the rear

[10:35] {cujo} harder

06[10:37] * Threei kicks STT in the rear harder per cujo's request

[10:37] {magoo} nice kick

[10:37] {ese} long TWTC 3/4 .06

[10:37] {cujo} thanks

[10:37] {nemo} how long your boots last with all this kickin'?

[10:37] {ese} cujo you still hangin in hlth

[10:37] {cujo} nope

06[10:38] * Threei quietly thinks that with nick like that cujo could be very effective in this violence thing

[10:38] {cujo} out flat

[10:38] {cujo} you?

[10:38] {Threei}  market is ready for the next leg up

[10:38] {ese} nope out -.07....it hit my stop

[10:38] {Threei}  don't shake us out STT

[10:38] {magoo} try being nice to it

[10:38] {magoo} it worked yestyer

[10:39] {ese} was still a good trade...setup was right

[10:39] {Threei}  I exhausted my niceness yeaterday, mags :(

[10:39] {cujo} stop

[10:39] {Onix} stppoed STT

[10:39] {nemo} well doesn't this just suck

[10:40] {KSystems} stt stopped

[10:40] {cujo} grrr

[10:40] {cujo} ehh

[10:40] {Threei}  oh great... go in the depth of desperation

[10:40] {Threei}  you guys...

[10:40] {nemo} see this: http://www.bloomberg.com/apps/news?pid=20601087&sid=a6VFHYPYRB9k

[10:40] {Threei}  stop these overly emotional reactions

[10:40] {nemo} Putin's got a mommy complex

[10:41] {cosmo} TLAB may test hod ...cheer up

[10:41] {nemo} yeah...and I'm tall

[10:41] {Threei}  Dont ask for anything and dont complain about anything... heh

[10:41] {Onix} stops saves us from bigger losses

[10:42] {Threei}  this is actually Russian prison saying

[10:42] {nemo} who's the prison "chicken"

[10:42] {cosmo} sounds chow lin to me

[10:44] {cosmo} shaolin that is

[10:44] {nemo} buddhists...

[10:45] {cosmo} sorta

[10:46] {nemo} yeah...sorta' not, makes nice cover

[10:46] {Threei}  so much for Geithner rally

[10:47] {Onix} :D

[10:47] {Onix} no market saviour in sight

[10:47] {Threei}  knight in shining armor is coming

[10:48] {Threei}  I am sure

[10:48] {cosmo} k then, ... let go / let budda

[10:48] {nemo} You got a fever vad?

[10:48] {dino} apol sm l .20

[10:48] {Onix} i think his horse went lame :/

[10:49] {hawkfan4} i've got a fever, and the only prescription is...more cowbell!

[10:49] {dino} stop is .87

[10:49] {nemo} Cowbell?  huh?

[10:50] {Onix} Off to work now, try and have some fun while i'm away

[10:50] {hawkfan4} saturday night live skit

[10:50] {Threei}  take care Onix... if you meet that knight stay away from him

[10:50] {nemo} sorry, haven't watched SNL since the 70s

[10:50] {Threei}  I have a feeling he will finish the market off with his slavation attempts

[10:50] {Onix} :D

[10:50] {nemo} merely a flesh wound vad

[10:51] {Threei}  let's hope

[10:51] {hawkfan4} i used to do drugs in the 70's, now i don't care what the temperature is

[10:51] {cujo} ha ha

[10:51] {cujo} nice

[10:51] {hawkfan4} :)

[10:52] {Threei}  RIMM, double bottom

[10:52] {Threei}  umm... jumped

[10:52] {nemo} I can't remember if I did drugs in the 70s...I guess that's a clue right there

[10:52] {Threei}  no chasing, see if you can get pullback closer to .30

[10:52] {Threei}  ugh... was available .31 -.32 when I spotted it

[10:53] {cosmo} nemo... do you still care about the temoerature? ... hawk doesent...

[10:53] {cosmo} temperature

[10:54] {nemo} no, Vad's temperature when he talked about the savior

[10:55] {nemo} as in "fever"

[10:55] {Threei}  so far, useless day

[10:55] {Threei}  threading water

[10:56] {Threei}  why was I late on RIMM... such clean play

[10:56] {hawkfan4} very, lousy action so far

[10:56] {nemo} fever?

[10:56] {cosmo} walking on it is better

[10:56] {cujo} fever for more cowbell

[10:57] {nemo} we need help

[11:00] {cosmo} TLAB hod = 4.26  fwiw

[11:03] {Threei}  if market jumps up here, DRYS is a candidate for recovery

[11:03] {Threei}  .40 is pronounced support

[11:04] {Threei}  hopefully holding above .50 to provide us with tighter stop

[11:04] {Threei}  .57 big offer

[11:04] {Threei}  .59 too though, lol

[11:04] {Threei}  discretionary trade guy

[11:05] {Threei}  take it if feel like it... ignore if don't

[11:05] {Threei}  best scenario would be pullback closer to support and scalp on bounce

[11:05] {dino}  apol stop to .63

[11:05] {Threei}  NSXX chases down with his offer

[11:06] {Threei}  good thing actually

[11:06] {Threei}  would be lovely to see him chasing it down under .50 and getting taken there

[11:06] {dino} stopped +.42

[11:06] {hawkfan4} nice

[11:06] {Threei}  gives us much better entry point and tighter stop

[11:07] {nemo} he's gone to .52

[11:07] {Threei}  yes

[11:07] {fernp} stop is under .40, no?

[11:07] {Threei}  if triggers, yes

[11:08] {dino} ty hawk

[11:08] {Threei}  ok

[11:08] {Threei}  in

[11:08] {hawkfan4} aks .47

[11:08] {Threei}  market jump

[11:08] {Threei}  gotta take it somewhere

[11:08] {Threei}  got .51 - .53

[11:08] {Threei}  .60 is clear resistance to break for the next leg up

[11:09] {Threei}  half out .63

[11:09] {Threei}  beauty of aggressive entries

[11:09] {Threei}  stop to .45

[11:12] {fernp} out if full .62

[11:12] {fernp} in

[11:12] {Threei}  natural born scalper eh?

[11:12] {fernp} +.09 ty

[11:12] {Threei}  good reflexes fern

[11:12] {Threei}  that NSXX was dead giveaway

[11:13] {Threei}  and sharp market spike shaped it up

[11:15] {Threei}  I'll be anal-retentive and trail stop to .49 here

[11:15] {Threei}  not that 4 cents matter all that much on remaining half lot, just doing things by the book

[11:16] {magoo} go mkt goooooooooo\

[11:16] {magoo} prove my whining wrong

06[11:16] * Threei envisions magoo kicking market with both feet

06[11:17] * magoo slaps &Threei around a bit with a large with spear magoo took from rambo after rambo was done using it to get wild boar

[11:18] {Threei}  did you clean that up to avoid infections?

[11:18] {hawkfan4} out aks .69 +.22

[11:18] {Threei} Long Setup:  RIMM  .40 half lot if market spikes again

[11:18] {Threei}  and RIMM stays above .25

[11:19] {magoo} yup..heated it in rambos warm fire coals first

[11:19] {Threei}  ty

[11:19] {Threei}  that's very considerate of you

[11:20] {cosmo} tlab test

[11:20] {Threei}  no pun intended cos?

[11:20] {cosmo} always

[11:20] {Threei}  RIMM is ready

[11:21] {magoo} in RIMMbo

[11:21] {Threei}  market will decide its fate as always

[11:21] {Threei}  but stop is tight enough

[11:21] {Threei}  and NASDAQ looks ready to 'ally

[11:22] {cujo} in RIMM .43

[11:22] {Threei}  come on NQ, break 1195

[11:23] {Threei}  and jump like crazy antelope

[11:23] {KSystems} drys stop for the rest still .49?

[11:23] {nemo} being chased by lion

[11:23] {Threei}  yes KS

[11:24] {Threei}  RIMM is very willing, needs just a nod from NASDAQ

[11:24] {Threei}  and guys... I know, RIMM is volatile animal

[11:24] {Threei}  but it does look like more than scalp

[11:25] {Threei}  maybe sell 3/4

[11:25] {Threei}  about here

[11:25] {Threei}  and just leave the rest

[11:25] {Threei}  53 is real possibility

[11:26] {cujo} out +.14 thanks Vad

[11:26] {Threei}  welcome

[11:27] {magoo} waiting .87

[11:27] {Threei}  DRYS lost connection with market

[11:28] {Threei}  RIMM{ on the other hand is stronger than market

[11:28] {cujo} strong like bull

[11:28] {Threei}  over 1:2

[11:30] {magoo} out .87 TY boss

[11:30] {Threei}  out .92

[11:30] {Threei}  +.50

[11:30] {cujo} nice trade

[11:30] {Threei}  day becomes brighter

[11:30] {magoo} i may rekload it pulls back

[11:31] {cujo} top tick ;)

[11:31] {Threei}  no... .97 is top

[11:31] {hawkfan4} +.49 rimm, thx vad

[11:31] {cujo} what area you thinking magoo?

[11:31] {Threei}  hawk :)

[11:31] {cujo} for reload .50?

[11:31] {Threei}  [11:25] {Threei} 53 is real possibility {--- crystal ball got clear for a second here

[11:32] {Threei}  shoulder though is in pain

[11:33] {nemo} it hasn't been that great a day

[11:33] {cujo} better second half

[11:33] {nemo} still morning...got time

[11:33] {magoo} cujo..need to watch couple things..pullsback...and mkt strength resumes

[11:34] {cujo} thanks magoo

[11:34] {KSystems} thanks for RIMM Vad!

[11:34] {magoo} so if gets near .50 and mkt resumes..

[11:34] {Threei}  so what nemo, I use every good trade to exercise that back-patting motion

[11:34] {Threei}  ks :)

[11:34] {nemo} self-gratification

[11:34] {magoo} see Q chart red bars..so no go here

[11:35] {cujo} ouch on the NAZ chart

[11:42] {Threei}  another drop is coming

[11:42] {nemo} in RIMM market both all?

[11:42] {Threei}  market

[11:43] {nemo} Vadrodamus

[11:43] {Threei}  RIMM is a follower for the most part

[11:45] {Threei}  drop, jump

[11:45] {Threei}  no rhythm

[11:46] {KSystems} and .70

[11:46] {KSystems} sorry

[11:47] {hawkfan4} STLD .73, stop .59.  1/2. volatlile thing

[11:50] {dino} apol sm l .40

[11:59] {Threei}  listless action in the market

[11:59] {Threei}  liking how RIMM is holding though

[12:01] {Threei}  US CONGRESSMAN FRANK: OPEN TO INCREASING SIZE OF TARP IF THE ADMINISTRATION CAN DEMONSTRATE A NEED FOR IT

[12:01] {Threei}  suuure

[12:01] {Threei}  what's a hundred billions between friends

[12:01] {nemo} a lot of toilet paper

[12:03] {Threei}  let's watch RIMM for forming new support close to break level, for 53 long trigger on market bounce

[12:03] {larisa} can i have a roll of 4-ply :)

[12:03] {nemo} what grit?

[12:04] {Threei}  .85 support so far

[12:05] {Threei}  over 1:1

[12:05] {Threei}  half out who got it

[12:05] {Threei}  or scalp

[12:05] {magoo} i did

[12:06] {Threei}  can't tell with these market jumps

[12:06] {dawg} i did ty

[12:06] {Threei}  welcome

[12:06] {Threei}  typical salmon play

[12:06] {_buyemsellem} yes, ty

[12:06] {Threei}  :)

[12:06] {Threei}  who partialled, stop to under 53

[12:07] {cujo} out .27

[12:07] {magoo} out .25 TY boss

[12:07] {Threei}  good job guys

[12:08] {Threei}  that's the way to handle the day

[12:08] {magoo} nice call

[12:08] {Threei}  just plug along on valid setups

[12:08] {cujo} thanks Vad

[12:08] {Threei}  shrug off stops, they mean nothing - as long as you keep them

[12:08] {Threei}  REPORTEDLY HOUSE REPUBLICAN LEADERSHIP ARE URGING MEMBERS TO VOTE AGAINST THE STIMULUS BILL

[12:12] {dino} i vote that way too. let capitalism work

[12:13] {nemo} hehehe...no such thing here

[12:14] {Threei}  nah dino... haven't you heard? capitalism discredited itself

[12:14] {Threei}  it's all governement now

[12:14] {Threei}  'cause it knows best

[12:19] {dino} 124 to go

[12:19] {Threei}  I wonder whether we hear about 5 years plan soon

[12:20] {magoo} RIMM strong

[12:20] {Threei}  mags... stop that... Master of the Obvious is MY title

[12:20] {dino} it's a 3 year as it is $26b this year

[12:21] {magoo} but u taught me that

[12:22] {Threei}  in a perverse way... it actually makes sense

[12:22] {hawkfan4} out STLD .93, +.20.  Watching it for 12 break

[12:22] {Threei}  good one hawk

[12:22] {cujo} nice one hawk

[12:22] {hawkfan4} thx :) steels following X, keeping one eye on it

[12:23] {dino} gj

[12:24] {Threei}  way to find correlations

[12:24] {hawkfan4} been a while

[12:24] {hawkfan4} thx dino

[12:25] {Threei}  this is very unusua; stock for me to bring to your attention... but hard t ignore this slow steady buying

[12:25] {Threei}  NURO

[12:26] {nemo} awful thin though

[12:26] {nemo} scarrrrry

[12:26] {cujo} scalp?

[12:27] {Threei}  I don't know cujo... like I said, not my normal stock

[12:27] {Threei}  showing it to you, who sees a play in it, will use it

[12:27] {cujo} got ya.  Thanks. 

[12:28] {dino} theres 100

[12:29] {Threei}  can I get a do-over and change 53 to 54 in my RIMM read?

[12:29] {magoo} u and magoo both

[12:31] {hawkfan4} STLD .99, skeery one, tight stop

[12:34] {hawkfan4} nah, dumped .96, rather wait for the break

[12:42] {Threei}  doesn't feel like we will get next leg up now

[12:42] {Threei}  market rather feels ready to roll over

[12:43] {nemo} time to short????

[12:44] {Threei}  not confident enough to short, but staying away from trying to go long here

[12:44] {Threei}  RIMM didn't even try to touch high on this last market little spike

[12:45] {Threei}  neither did STLD

[12:45] {hawkfan4} yep

[12:45] {nemo} RIMM was runnin' up against recent resistance also

[12:46] {Threei}  quite sharp downturn

[12:46] {hawkfan4} great read vad

[12:46] {Threei}  ty

[12:50] {_jamielee} when's your last position of RIMM out, Vad? at around .30?

[12:50] {Threei}  yes jamie

[12:51] {_jamielee} ty Vad

[12:51] {Threei}  sure

[12:52] {dino} apol stop to .82

[12:52] {dino} to .90

[12:54] {dino} stopped apol .90, +.50

[12:55] {cujo} nice trade dino

[12:55] {hawkfan4} nice

[12:55] {dino} ty

[12:56] {nemo} Interesting...S&P kissed 850 twice...looks like it might headed back to try again

[12:57] {dino} wants 857-862 imo

[12:58] {dino} whippy today

[12:59] {hawkfan4} very

[12:59] {larisa} not if you bought in the morning and waiting for dino's +200 :)

[13:00] {dino} lol

[13:00] {dino} 3 hours to go

[13:01] {dino} i guess i was 1/2 right so far

[13:02] {larisa} hey! do not cheat :) 

[13:02] {dino} ;)

[13:05] {dino} apol new lows

[13:06] {dino} esi dump

[13:07] {Threei} Short Setup: RIMM  .40 if stays below .50

[13:07] {KSystems} in

[13:08] {Threei}  no worky

[13:08] {Threei}  feels like short still

[13:09] {KSystems} out

[13:09] {Threei}  aggressive entry is probably better way to try it

[13:12] {Threei}  with next market drop should go to 53, but finding entry is tricky

[13:15] {Threei}  same setup is valid again... third try of the bottom is more likely to break

[13:15] {fernp} IN

[13:15] {KSystems} half lot this time, wider stop

[13:15] {dptl} stop stil .50?

[13:16] {Threei}  topped at .52

[13:16] {Threei}  so .55

[13:16] {dptl} ok ty

[13:17] {dino} apol sm l .00

[13:17] {dino} risky

[13:17] {Threei}  die RIMM

[13:18] {dptl} it will...bidding 53

[13:18] {Threei}  ok, bidding 53.01

[13:18] {dptl} :)

[13:18] {KSystems} no partialling?

[13:18] {cujo} :)

[13:19] {hawkfan4} .04

[13:19] {Threei}  hmmm... no .02 or .03?

[13:20] {Threei}  come on RIMM, you are in downtrend now

[13:20] {fernp} 53.01???? if touch 53.25 I am out

[13:20] {cujo} down with RIMM

[13:20] {Threei}  they are greedy fern

[13:20] {dptl} greed is good

[13:22] {Threei}  sigh

[13:22] {cujo} RIMM evil

[13:22] {dptl} stopped

[13:22] {KSystems} stopped

[13:23] {fernp} stopped

[13:23] {Threei}  this market spike broke the trend

[13:25] {Threei}  the only thing I can attribute this spike to is:

[13:25] {Threei}  (CL) CHILEAN FINANCE MINISTRY NOTES IT IS NOT PLANNING TO ISSUE A $600M EUROBOND

[13:29] {Threei}  who is plugging and unplugging market every 3 minutes?

[13:30] {nemo} Where's Paulson now?

[13:30] {Threei}  you think Geithner forgot to take the button from him?

[13:31] {nemo} hehe

[13:31] {larisa} new guy is playing with it..

[13:31] {Threei}  or they just through quick training?

[13:31] {Threei}  "lookie here Geithner0buddy, push it to drop the market

[13:31] {Threei}  or this one to prop it"

[13:31] {Threei}  "can I try it paulie?"

[13:32] {Threei}  "sure, go ahead"

[13:32] {Threei}  and we sit here trying to read it

[13:35] {dino} sm l wynn .60

[13:36] {dino} cvtx drop

[13:36] {Threei}  US) PRESIDENT OBAMA: STIMULUS PACKAGE WILL NOT GET 100% SUPPORT, CONTINUES TO WELCOME GOOD IDEAS FOR THE STIMULUS

[13:37] {Threei}  PIMCO REPORTEDLY DISAGREES WITH LIKELIHOOD THAT US BANKS WILL BE NATIONALIZED

[13:37] {dino} shocking......not 100%. who does he think he is expecting 100%

[13:38] {Threei}  (US) HOUSE REPUBLICAN LEADERSHIP NOTES TODAY'S VOTE REPRESENTS THE FIRST STEP IN PROCESS OF PASSING A STIMULUS PACKAGE

[13:38] {nemo} PIMCO  BFD

[13:38] {Threei}  the one dino?

[13:38] {nemo} Geez gotta' put a stake in RIMM

[13:39] {Threei}  and use garlic

[13:39] {nemo} silver bullets

[13:39] {Threei}  thing got new lease on life

[13:39] {dino} as in neo?

[13:39] {nemo} Gollum

[13:40] {dino} matrix i was thinking, the one

[13:40] {nemo} I understand

[13:40] {Threei}  54 be broken

[13:41] {dino} out apol .70, +.70

[13:41] {Threei}  I have no slightest idea how to read these sudden jerks

[13:42] {dino} buy the blood

[13:42] {Threei}  but there is slightest indication where it ends

[13:42] {dino} or were you talking about nemo?

[13:42] {Threei}  lol

[13:42] {dino} i crack me up

[13:42] {Threei}  it bounces and drops off random points

[13:43] {nemo} funny, I was wondering that myself...and what's worse, I can't retaliate

[13:43] {dino} i prefer perculiar points

[13:43] {dino} wow, misspelled that

[13:43] {nemo} huh?

[13:44] {Threei}  misspelled is nothing... try this for a size:

[13:44] {Threei}  {dino} i crack me up

[13:44] {larisa} lol

[13:44] {nemo} wonder if his shoulder hurts too?

[13:44] {dino} well i did

[13:46] {dino} :)

[13:48] {nemo} dino, coming to the Bahamas?

[13:49] {dino} i can't,. will be in myrtle beach

[13:49] {Threei}  i2romantis does

[13:49] {nemo} does what?

[13:49] {Threei}  comes to bahamas

[13:49] {nemo} ohhhh

[13:50] {dino} cat getting hit

[13:50] {Threei}  who just bought 43K of RIMM?

[13:50] {Threei}  hawk, you partialled in?

[13:50] {hawkfan4} took a 1/2 position ;)

[13:51] {Threei}  yeah, thought so

[13:51] {hawkfan4} i'll add the other 43k if it pulls back a bit

[13:51] {Threei}  or if breaks the high?

[13:52] {nemo} DRYS look like it's bottoming?

[13:52] {Threei}  coin toss

[13:53] {Threei}  can drop more just as easy

[13:53] {larisa} was looking at it in case it breaks 0.25. never did

[13:53] {larisa} 0.05 range for looong time, freaky :)

[13:54] {nemo} "loooong time" reminds me of Thailand

[13:55] {Threei}  hmmm

[13:55] {Threei}  this is very very disturbing

[13:56] {Threei}  "Cosmo was convicted of a federal charge of felony fraud and swindle in 1999 and sentenced to 21 months in prison. He was released in August 2000, according to the U.S. Bureau of Prisons."

[13:56] {Threei}  http://www.reuters.com/article/newsOne/idUSTRE50Q0EQ20090127

[13:56] {Threei}  guess when cosmo has joined realitytrader

[13:57] {hawkfan4} lol

[13:59] {Threei}  now I understasnd why he asked with how many passports I travel abroad... and why he was so surprised to hear "just one"

[14:00] {Threei}  this is the wierdest market in quite a while today

[14:00] {nemo} I thought FSB guys always carrie multiples?

[14:00] {dino} wynn stopped -.35

[14:01] {nemo} DRYS sprung a leak

[14:01] {nemo} must be those pirates

[14:02] {magoo} u know DRYS really does stink

[14:02] {Threei}  today, totally

[14:02] {Threei}  lost all will to live

[14:02] {Raven} leave poor cosmo alone :)

[14:02] {Threei}  poor?

[14:03] {Raven} jailbird

[14:03] {magoo} its like there atre only 5 traders out there..and they are only buying RIMM

[14:03] {Threei}  we are talking $400 million

[14:03] {Raven} hmmm ... stinkin' cosmo never offered to share that

[14:04] {cosmo} back .... had to get my passport photo taken

[14:04] {larisa} lol

[14:04] {Raven} lol

[14:04] {cosmo} again...

[14:04] {Threei}  lol

[14:04] {Raven} and again

[14:04] {hawkfan4} geez, get out of prison, and 9 years later he has 400 million.  I must be doing something wrong :)

[14:05] {cosmo} they said i needed one with a turban

[14:05] {Raven} when did they let you out hawk?

[14:05] {cosmo} go figure...

[14:05] {hawkfan4} lol, i escaped

[14:05] {Threei}  they didn't raven

[14:05] {Raven} nice

[14:05] {Threei}  I had to drive over there with big ladder

[14:05] {Threei}  and shovel

[14:05] {Raven} over and under

[14:06] {Threei}  jeez

[14:06] {Threei}  look at this

[14:06] {hawkfan4} pure chaos

[14:06] {Threei}  what the hell is goling on with market today?

[14:06] {Threei}  I haven't seen such jerky trading in I don't know how long

[14:07] {Threei}  it's like they really are practicing with those buttons

[14:07] {magoo} same yestrerday

[14:07] {Threei}  not even close

[14:07] {magoo} yes it was

[14:07] {Threei}  sigh

[14:07] {Threei}  ok, it was

[14:07] {nemo} Here we go

[14:08] {magoo} remember  now?

[14:08] {Threei}  remember what?

[14:08] {magoo} [14:07] {magoo} same yestrerday

[14:09] {Threei}  what happened yesterday?

[14:09] {Threei}  and who is magoo?

[14:09] {magoo} this

[14:09] {dino} chaos

[14:09] {Raven} volume today even lighter than yesterday ... nobody playing

[14:09] {nemo} maybe it's ragnaroc

[14:10] {larisa} volume is coming into market. Up from here or down ?

[14:10] {nemo} yeah, volume is light

[14:10] {magoo} [14:03] {magoo} its like there atre only 5 traders out there..and they are only buying RIMM

[14:10] {Threei}  yes larisa

[14:10] {larisa} lol

[14:10] {dino} up larisa, up

[14:11] {larisa} you know dino, 1/2 right  is good in this market :)

[14:12] {dino} it's the half wrong that's the problem

[14:12] {dino} 2:00 drop

[14:13] {dino} axys

[14:28] {Threei}  US SEN DODD: OBAMA ADMINISTRATION IS MULLING POSSIBILITY OF A SO-CALLED 'BAD BANK'

[14:28] {Threei}  FED CONFIRMS APPROVAL FOR FORECLOSURE MITIGATION PROCEDURES ON MORTGAGE ASSETS OWNED OR CONTROLLED BY THE FED

[14:28] {Threei}  {FNM FRE}

[14:34] {nemo} 'ally?

[14:34] {Threei}  not 'eally

[14:35] {nemo} such a wit

[14:35] {Threei}  so''y

[14:35] {magoo} 'odger 'abbet on tv

[14:35] {nemo} yeah...right

[14:35] {Threei}  it's not a directional trading right now, not range either

[14:36] {nemo} schizo

[14:36] {Threei}  it's chaotic up and down

[14:36] {cosmo} tlab tests 4.40

[14:36] {magoo} mkts wearing me down day after day..month after month

[14:36] {magoo} herky jerk

[14:36] {elepet} is anybody else getting a little seasick?

[14:37] {dino} bear markets don't end with a bang, they wear you out

[14:37] {cujo} ehhh

[14:40] {magoo} vad..its inVESTor...not inWESTor 

[14:41] {Threei}  I do elepet

[14:41] {Threei}  or I am

[14:41] {Threei}  mags... not in my vocabulary... no idea what it means

[14:41] {elepet} good grammer.

[14:42] {magoo} well..at least pronounce it correctly he he

[14:44] {dino} apol sm l .00

[14:50] {magoo} rimm prob 55 today

[14:50] {magoo} if IF mkt pushes up into bell

[14:51] {dino} 70 minutes for 130 pts

[14:52] {magoo} if IF dino correct ill be correct

[14:52] {magoo} if not..he is wrong

[14:53] {Threei}  US ECONOMIC STIMULUS BILL CLEARS PROCEDURAL VOTE IN THE HOUSE

[14:54] {magoo} GS strong

[14:54] {Threei}  RIMM is crawling toward high too

[14:55] {Threei}  it's just that we don't know when the next sudden wave of selling out of nowhere comes

[14:55] {Threei}  these sudden waves were the only theme today

[14:55] {Threei}  for the world of me, I can't read this

[14:56] {Threei}  other than for micriscalps

[14:59] {magoo} micriscalps

[14:59] {magoo} i know..like .07 cents is it

[15:00] {larisa} dino, thanks for APOL entry post, scalped it

[15:00] {Threei}  yeah

[15:00] {magoo} just when i decided to let winners win...

[15:00] {magoo} i used to scalp

[15:00] {magoo} now wads trying for a lil more'

[15:00] {Threei}  not today mags

[15:00] {magoo} nada

[15:00] {Threei}  things change on a dime

[15:00] {dino} gj larisa

[15:01] {hawkfan4} literally, every 10 cents stocks change directions

[15:02] {dino} i had .80 on apol, didn't hit it, now .40 only, fast

[15:02] {larisa} selling hit the market again

[15:03] {Threei}  told ya

[15:03] {larisa} you usually sell on spike with volume or have target in mind? 

[15:04] {dino} yes, but was at .90

[15:04] {dino} only hit .80

[15:04] {dino} last time went to .00

[15:04] {dino} laying out at .80

[15:05] {dino} c'mon

[15:05] {dino} pappa needs some new shoes

[15:05] {larisa} Gucci shoes :)

[15:06] {Threei}  manolo blanik?

[15:06] {cujo} farragamo

[15:06] {dino} lol

[15:06] {larisa} vad  not only a beauty, but into fashion, too

[15:07] {Threei}  me?

[15:07] {Threei}  beauty?

[15:07] {Threei}  larisa... you have serious taste issues...

[15:08] {larisa} I know, this is what makes me unique

[15:10] {dino} out apol .80, +.80

[15:10] {larisa} good job playing the range

[15:10] {dino} ty, lucky

[15:11] {dino} uaua waking up

[15:18] {Threei}  poor GERN

[15:20] {elepet} i haven't looked at it since i divorced it for good yesterday +.15 for the last bit.

[15:21] {elepet} it was fun while it lasted.

[15:21] {nemo} squeezed some alimony out of it

[15:21] {elepet} yeah.

[15:21] {nemo} hallway sex at the end

[15:21] {elepet} LOL

06[15:22] * Threei blushes, closes his eyes, pretends not hear anything

[15:23] {dptl} anybody know, what symbol to use in laser for indexes like $sox $xal....???

[15:23] {dino} huh

[15:24] {nemo} soxx maybe?

[15:25] {dino} i can't help you nemo, not in it

[15:26] {fernp} in realtick is ^SOX

[15:26] {fernp} dont know in laser

[15:26] {dptl} ye in esignal its $sox

[15:26] {magoo} need the proper data feed

[15:27] {magoo} ask laserdave

[15:27] {Threei}  laserdave says nobody wears soxx with sandlas

[15:27] {dino} you're pushing it little man, :)

[15:28] {Threei}  no soup for me?

[15:28] {magoo} last person who crossed magoo does 

[15:28] {dino} ok larisa, +100

[15:28] {nemo} In the nursing home..ah asylum I'm in they do

[15:29] {larisa} nemo, how old are you :) know so much about relationships and nursing homes :)

[15:31] {dino} 12

[15:31] {nemo} it's not the years necessarily, the miles

[15:32] {dino} some are born older

[15:32] {nemo} dino-I age like a dog.  How's it feel to have the same name as a pet dinosaur?

[15:35] {dino} not bad, kind of like the name. just busting on you nemo, you crack me up

[15:37] {dino} ok, 3:40 approaches

[15:38] {nemo}  my father's name is Dino Tristano

[15:38] {nemo} Dino "the sad one"  makes sense because he had me as a son

[15:38] {dino} remember the wwf wrestler

[15:38] {nemo} Nah...haven't watched that stuff since I was a kid

[15:39] {dino} thats when he was around. the 80s

[15:39] {nemo} I grew up before the 80's

[15:39] {nemo} chronologically that is

[15:39] {larisa} lol

[15:40] {nemo} I might even be older than Vad

[15:40] {nemo} thus the nursing home...er...asylum comment

[15:45] {nemo} Enough of watching paint dry gotta' go.  Peace & Quiet 'til mornin' all

[15:46] {Threei}  take care nemo

[15:46] {cujo} see ya

[15:46] {cujo} have a good one nemo

[15:46] {larisa} bye :) did not mean to ask impolite age questions

[15:47] {dino} cya nemo

[15:47] {dino} larisa, doesn't look like the 200

[15:48] {fernp} ok. good evening all, see you tomorrow

[15:48] {Threei}  take care fern

[15:48] {larisa} we will get it tomorrow dino, today is horrible day.

[15:49] {dino} cya fern

[15:52] {Threei}  OK guys, thank you all

[15:52] {cujo} have a good one. 

[15:53] {Threei}  "horrible" is overstatement, but a very wierd day

[15:53] {cujo} see you tomorrow. 

[15:53] {hawkfan4} thx vad, odd one for sure

[15:53] {dptl} gn all

[15:53] {Threei}  should get back to norm, whatever norm is,

[15:53] {Threei}  after Fed, and after all this back and forth is over with stimulus

[15:53] {Threei}  have a good evening, see you tomorrow

[15:54] {larisa} bye

[15:54] {magoo} gonna be a long tough year

[15:54] {dino} cya cujo, dp

[15:54] {Threei}  sheesh

[15:54] {Threei}  mags

[15:54] {Threei}  stop it

[15:55] {Threei}  it's going to be the best trading year since 2003

[15:55] {larisa} YHOO reports in couple min, are we interested ?

[15:55] {magoo} im watching

[15:55] {Threei}  I'll post

[15:56] {magoo} usually doesnt do much

[15:56] {Threei}  yesah

[15:56] {Threei}  not really a mover anymore

[15:56] {Threei}  nor shaker

[15:56] {magoo} pop abnd stall

[15:56] {magoo} or fall and stall imo

[15:56] {dino} yajunk more like it

[15:57] {Threei}  or drink and stall

[15:57] {magoo} im in

[15:57] {magoo} for drinkin that is

[15:57] {dino} lol

[15:57] {Threei}  (US) WHITE HOUSE SPOKESMAN: SAW GENERAL SENSE OF COOPERATION BETWEEN ADMINISTRATION AND CONGRESSIONAL REPUBLICANS; EXPECTS SUPPORT FOR STIMULUS PLAN

[15:58] {magoo} i wish obama would get caught in compromising "a la clinton" lol

[15:58] {dino} as in a cigar

[15:58] {magoo} yup

[15:58] {larisa} different type, never :)

[15:58] {magoo} he has a GOD complex

[15:58] {Threei}  eeck

[15:59] {Threei}  larisa... man is a man

[15:59] {dino} wolf is always at the door larisa

[15:59] {Threei}  there is only one different type of man

[15:59] {Threei}  it's a woman

[15:59] {larisa} my Obama is different

[15:59] {larisa} not like all of you

[15:59] {dino} then you must tempt him

[16:00] {dino} :)

[16:00] {Threei}  YHOO is spiking but nothing on wires

[16:00] {larisa} did we miss YHOO, it is moving

[16:00] {larisa} ok

[16:01] {Threei}  just impatient speculators I guesss, all the way down now