Dec 24 2008

Brief session but a few trades worked nicely. Profitable day (or half day). Merry Christmas and Happy Holidays everyone!

 

Session Time: Wed Dec 24 00:00:00 2008

[08:30] {ese} morning.....anybody hangin

[08:31] {Threei}  Good morning

[08:32] {Threei}  you see another snowfall warning ese?

[08:32] {ese} hey vad...yes i did but it's raining here

[08:32] {Threei}  yes, here too... warning is for today and overnight, possible 10-20 cm

[08:33] {Threei}  and if Vancouver's airport gets buried again, I may be in for major disappointment on Christmas

[08:33] {ese} my environment canada site siad that that was suppose to be for last night

[08:33] {Threei}  daughter should fly in from Montreal

[08:33] {Threei}  no, they renewed it

[08:33] {ese} you may have trouble getting to orlando

[08:34] {ese} sorry bahamas

[08:35] {Threei}  SNOWFALL WARNING: Greater VictoriaIssued at 4:09 AM PST WEDNESDAY 24 DECEMBER 2008

[08:35] {Threei}  15 TO 25 CM OF SNOW EXPECTED TODAY AND TONIGHT.

[08:35] {ese} sorry .....where is that tradin expo...bahamas?

[08:35] {Threei}  yes, but that's April

[08:36] {ese} will be a white winnipeg russian and Ukrainian Christmas

[08:36] {ese} all wrapped up in one

[08:36] {Threei}  INITIAL JOBLESS CLAIMS: 586K V 558KE; CONTINUING CLAIMS: 4.37M V 4.410ME

[08:36] {Threei}  - prior jobless claims revised from 554K to 556K

[08:36] {Threei}  - prior continuing claims revised from 4.384M to 4.387M

[08:36] {Threei}  ***Highest Initial Claims since 1982 recession

[08:37] {ese} would be more if i had my way.....let GM/ Ford colapse....have a european or japanese firm fill void

[08:38] {ese} should be survivial of the fittest not the stupidest

[08:38] {Threei}  I dunno... feels to me, it's not so much about their errors as it is about general situation

[08:39] {Threei}  all automakers experience comparable drop in sales

[08:39] {Threei}  it's not american automakers specific

[08:40] {ese} true

[08:40] {Threei}  looking a few years ahead... do we run into the risk of losing whole industry due to today's principled stance,

[08:40] {Threei}  while whole world bails out their carmakers

[08:41] {ese} but they've had the means to make alternative vehicles for the last 10 years and have resisted

[08:41] {Threei}  then when finally financial crisis blows over

[08:41] {Threei}  we see whole world making cars but not us

[08:41] {Threei}  this is the point, you see

[08:41] {Threei}  I don't believe anymore it's refusal to make green cars that is the reason for their situation

[08:41] {ese} hmmmmmmm.......food for thought

[08:42] {Threei}  first, if it were so, Toyota wouldn't be in the same kind of problems today

[08:42] {ese} true

[08:42] {Threei}  and second...

[08:42] {ese} can't disagree with that

[08:42] {Threei}  I looked up stats

[08:43] {Threei}  they did make a lot of green cars,

[08:43] {ese} and?

[08:43] {Threei}  not much less than that same Toyota

[08:43] {Threei}  but guess what

[08:43] {Threei}  we, consumers, those same that now throw stones at them

[08:43] {ese} and?

[08:43] {Threei}  did not want anything but trucks and SUVs

[08:44] {ese} agreed....

[08:44] {Threei}  is it really accidental that smart car was never sold in US?

[08:44] {Threei}  it's not like they didn't try

[08:44] {Threei}  buyers were not in the least enthusiastic about it

[08:44] {Threei}  now, imagine this:

[08:44] {Threei}  public pressure makes them switch to smaller cars now

[08:45] {Threei}  greener ones too

[08:45] {Threei}  which do sell at solid premium

[08:45] {ese} hmmmmmmmm

[08:45] {Threei}  and we the customers find ourselves in interesting dilemma:

[08:45] {Threei}  buy SUV, big, nice, safe, comfortable

[08:46] {Threei}  or pay the same price for the small car

[08:46] {Threei}  with gasoline at current prices or lower

[08:46] {Threei}  or

[08:46] {ese} with problems to be worked out

[08:46] {Threei}  byuy the same car

[08:46] {Threei}  one is pure gasoline

[08:46] {Threei}  another is alt fuel

[08:46] {Threei}  at 3-5-10K premium

[08:47] {Threei}  divide the premium by your fuel savings

[08:47] {Threei}  and you are looking at ridiculous anumber of years for that premium to pay for itself

[08:47] {Threei}  you shrug and say keep that green car

[08:47] {ese} thas a good point for sure.....we will have to bite the bullet eventually though

[08:48] {Threei}  how?

[08:48] {Threei}  consumer is not exactly bursting with money

[08:48] {ese} oil is simply going to run out.......

[08:48] {Threei}  if you have nothing but green and expensive cars, it's just another factor limiting sales

[08:48] {ese} not in our lifetime  i don't think

[08:49] {Threei}  and if current situation and their management errors and labor/union troubles don't do them in

[08:49] {Threei}  then this push into making green cars will

[08:49] {Threei}  I just don't believe in mantra "they made cars we didn't want".

[08:49] {Threei}  They made exactly what we wanted

[08:50] {cosmo} thinking is the best way to travel ... i think

[08:50] {Threei}  btw, see couple days opld news about Toyota freezing new plant making Prius

[08:50] {Raven}  Good morning ... and you are exactly right 3i :)

[08:50] {Threei}  cos, Raven :)

[08:50] {Threei}  if we wanted green cars, why would Toyota do that?

[08:50] {Raven}  you're right too cosmo ... especially in ther last few days :)

[08:51] {Threei}  I know my line of thoughts goes against popular beliefs

[08:51] {ese} you have an engineering background vad......you would be able to see the feasibility of all this better than I....are you thinking this is just not going to happen for along time?

[08:51] {Raven}  Americans want BIG GAS GUZZLING TRUCKS AND SUV'S

[08:51] {ese} morning cos raven

[08:51] {Raven}  ese:)

[08:52] {Threei}  unless there is a huge breakthrough in technology allowing to make green cars cheap, I just can't see it as feasible

[08:52] {ese} indeed.......

[08:53] {Raven}  you won't see that 3i, until gasoline goes to $4 and stays there

[08:53] {Threei}  well, here is the thing

[08:53] {Raven}  and then it'll take 5 years

[08:53] {Threei}  everyone says, oil won't stay cheap for long

[08:53] {Threei}  again, I wonder how true that is

[08:53] {Threei}  two things about that:

[08:54] {Threei}  1. cost of oil extraction in the Arab gulf is around $1-3

[08:54] {ese} a barrel?

[08:54] {Threei}  yes

[08:54] {Threei}  who is to say $10/b is not the right price?

[08:54] {Threei}  or 40

[08:54] {ese} holly crap

[08:54] {Onix} Good morning everybody

[08:54] {Threei}  qwhy is it 150? or 200?

[08:54] {ese} onix

[08:54] {Threei}  onix :)

[08:55] {Threei}  and 2

[08:55] {cosmo} photosynthesis is free and plants are smarter for knowing that...

[08:55] {Threei}  world simply can not function with oil at 150 or 200,

[08:55] {ese} 1 to 3 bucks a barrel.....we are now talking highway robbery

[08:55] {cosmo} and doing something about it

[08:55] {Threei}  oil goes back up there, we simply run in another recession and demand destruction

[08:55] {Threei}  and it drops just as it did this time

[08:56] {Threei}  the sheer scal and the speed with wich it fell from 147,

[08:56] {Threei}  doesn't it tell you it had no business to be that high in a first place?

[08:56] {lisa_jay} Good morning.

[08:56] {Threei}  lisa :)

[08:56] {ese} lisa

[08:56] {Threei}  call my thinking not progressive... I don't feel bad about it, :)

[08:57] {Threei}  I mean...

[08:57] {Threei}  can you really expect someone who makes a living by going against the crowd's opinion to accept the view simply because it's a view of majority?

[08:58] {dino} gm all

[08:58] {Threei}  dino :)

[08:58] {ese} nope.....

[08:58] {ese} dino

[08:58] {Threei}  to sum it up in a very condensed form... my view is

[08:58] {Onix} hi dino

[08:59] {Onix} hi lisa

[08:59] {Threei}  conversion to green cars and alt energy is not a matter of our conscience,

[08:59] {Threei}  burning desire to hug every tree on the planet etc,

[09:00] {Threei}  it's a matter of technology and solution of cost side of the problem

[09:00] {Threei}  when techno,logy is there it will happen

[09:00] {Threei}  blaming ourselves into greening won't work

[09:00] {cosmo} people just have to feel good about using it

[09:00] {Raven}  technology speeds up with a crisis

[09:00] {Threei}  I amnot going to feel good about overpaying 10K for a car

[09:00] {ese} blaming ourselves into green.........now thats an interesing way to put it

[09:01] {cosmo} and resolution of crisis

[09:01] {Threei}  nor, I suspect, will majority of prospective buyrs

[09:01] {Threei}  now... I have a question

[09:01] {dino} gm all

[09:02] {Raven}  hiya dino:)

[09:02] {ese} morning again dino

[09:02] {Threei}  do we ever see new lows in an uptrend?

[09:02] {cosmo} i can find them...

[09:02] {ese} ahhhhhhhh....got me there boss

[09:02] {Threei}  or to put it differently,

[09:02] {Threei}  doesn't making new lows defies the uptrend as such?

[09:02] {ese} yes

[09:03] {Threei}  (only with better grammar)

[09:03] {Threei}  so, how come we see record temperature lows in warming up climate?

[09:03] {cosmo} its a lie?

[09:03] {Threei}  explanation we hear these days is:

[09:03] {ese} ahhhhhhhh....

[09:03] {Threei}  low solar activity this year

[09:04] {Threei}  fine, but then I have next nugging question

[09:04] {ese} ?

[09:04] {Threei}  doesn't it mean that solar activity is major factor in warming or cooling matter, and not human activity?

[09:05] {Threei}  we pumped all that CO2 in atmosphere, it's right there, didn't disappear,

[09:05] {ese} i defer to your engineering degree to answer that one

[09:05] {Threei}  yet lower solat activity of ONE frkin year sent us to new lows

[09:05] {Threei}  and if it's so,

[09:06] {Threei}  then how about widely acknowledged scientific view that we are at the top of solar activity cycle

[09:06] {Threei}  and it goes down from here?

[09:06] {cosmo} CO2 is inocent; that i know

[09:06] {dino} all cycles imo

[09:06] {dino} in the 70's they were worried about an ice age in 20 years

[09:06] {Threei}  maybe we better pump up more of CO2 into atmosphere to protect ourselves from golbal cooing?

[09:06] {ese} remind me someone to never try to out think Vad.........

[09:06] {Threei}  eqzaktly dino,

[09:07] {Threei}  and the worst thing is

[09:07] {dino} and 3i, i am glad to see you agree w/my past posts on the green vs regular cars

[09:07] {Threei}  they did it with the same set of data they use today to prove globval warming

[09:07] {dino} if i can save 5k in cost, i can run that at 4 oil for years

[09:07] {Threei}  I totally am dino

[09:07] {Threei}  or I do?

[09:07] {Threei}  poor raven

[09:08] {Raven}  ?

[09:08] {Threei}  I am agree vs I do agree? :)

[09:08] {dino} indeed, poor raven

[09:08] {Raven}  oh ... I got used to the crummy grammar

[09:08] {Threei}  ok... peter is the last one we need to defeat then

[09:09] {Raven}  lol ... I nbeed tea

[09:09] {Raven}  need ... sheesh

[09:09] {Threei}  haha

[09:09] {Threei}  do we rub off or what

[09:09] {ese} I going invest in gas powered drumsticks to help me play better

[09:10] {dino} now at  8k miles/year / 15 mpg = 533 gal/year x $2/gal = 1,066/year gas cost,. so 5 years 

[09:10] {Larisa1} if you look at China from the satellite you will not see half of China because of smog, Same goes for parts of US and Russia. Pnly for that i am for greener techs. Money is not everything. Your kids health is.

[09:10] {Threei}  never mind my ramblings though... I am irritated by the perspective of losing dayughters visit, just after our friends visit already got canceled due to flights delayed last week

[09:10] {Threei}  smog is the problem laarisa, no arguing

[09:10] {Threei}  but cleaning air and srtopping CO2 are tweo different things

[09:11] {dino} ahh larisa, but i am not going to solve the problem alone

[09:11] {cosmo} CO2 is a nutrient

[09:11] {Larisa1} it is new mentality and goes hand  by hand

[09:11] {Threei}  focussing on CO2 we merely take attention and funds away from real problem

[09:11] {Threei}  and are solving non-existing problem

[09:13] {cosmo} maybe we need to build underground cities...

[09:14] {cosmo} again

[09:14] {dino} lol

[09:14] {Larisa1} I do not want underground, I like sun and wind and rain ( clean rain ) :)

[09:14] {Threei}  yeah... but please, keep the snow

[09:15] {Larisa1} Snow is fine.. It is winter!! ( optimistic aproach) :)

[09:15] {dino} inch of ice here this morning

[09:16] {Threei}  NOV DURABLE GOODS ORDERS: -1.0% V -3.0%E; DURABLES EX-TRANSPORTATION: 1.2% V -3.0%E

[09:16] {Threei}  - Prior Durables revised from prior revision of -6.9% to -8.4%

[09:16] {Threei}  - Prior Durables Ex Transportation revised from prior revision of -5.4% to -6.8%

[09:16] {Threei}  *NOV PERSONAL INCOME: -0.2% V 0.0%E; PERSONAL SPENDING: -0.6% V -0.7%E

[09:16] {Threei}  - Prior Personal Income revised from 0.3% to 0.1%

[09:17] {cosmo} drys

[09:17] {ese} dino are you an Eagles fan?

[09:17] {ese} they can play in the ice no problem

[09:18] {cosmo} like ducks?

[09:18] {ese} yup

[09:18] {cosmo} hmm

[09:18] {magoo} morn

[09:18] {ese} mags

[09:19] {Threei}  mags :)

[09:20] {dino} no es, jets

[09:21] {ese} you live closer to Philldelphia though right?

[09:21] {Onix} Just to make sure, is Dec 26 a normal trading day?

[09:21] {cosmo} for gifts...yes

[09:22] {ese} yup for trading presents

[09:22] {dino} actually closer to ny

[09:22] {ese} ahhhhh

[09:22] {ese} appologies for wrong assumption

[09:24] {dino} :)

[09:24] {dino} baltic index -2% again

[09:25] {Threei}  4th straight drop

[09:26] {cosmo} DRYS pre mkt high = 10.05   fwiw

[09:28] {lisa_jay} .

[09:30] {Threei}  bad job numbers... market is green

[09:30] {Threei}  maybe Santa sobered up for today?

[09:32] {Onix} lol

[09:35] {Threei}  AVII

[09:35] {Threei}  12/23/08 04:23pm

[09:35] {Threei}  [AVII] AVI BioPharma Inc Announces FDA Clearance of IND Applications for Clinical Trials of RNA Therapeutic Agents for Treatment of Ebola and Marburg Viruses

[09:35] {Threei}  - AVI BioPharma expects to receive written confirmation of the IND clearances from the FDA in early 2009.

[09:37] {lisa_jay} market close at 12 or 1 today...thanks

[09:38] {Threei}  1

[09:38] {Larisa1} 1 EST

[09:38] {dino} aapl

[09:38] {lisa_jay} thanks Vad and Larisa.

[09:40] {Threei}  what's with RMBS

[09:41] {Onix} not bad, i got 18c in rmbs

[09:41] {lisa_jay} nice Onix.

[09:42] {Threei}  adjust to half lot, watch if we get pullback into .20- .30 area

[09:42] {Onix} ty

[09:42] {Threei}  got it from scanner onix?

[09:43] {Onix} had it on my watchlist

[09:43] {Threei}  and didn't share

[09:43] {Threei}  tsk tsk tsk

[09:43] {Onix} sorry, not enough confidence for that yet

[09:45] {Threei}  many techs are strong

[09:45] {Threei}  BRCM

[09:46] {Onix} what is happening with DELL?

[09:46] {Threei}  nothing really

[09:46] {Threei}  -3 cents? :)

[09:47] {Threei}  RMBS no pullback

[09:47] {lisa_jay} FLIR?

[09:48] {Threei}  half lot long RMBS .80

[09:49] {Threei}  look to scalp over .90

[09:50] {Threei}  here it is

[09:50] {Threei}  out .95

[09:51] {lisa_jay} out .93  Thanks Vad.

[09:51] {Threei}  mix actually

[09:51] {Threei}  .93, .94 and .95

[09:51] {Threei}  welcome lisa

[09:51] {Threei} Long Setup:  BRCM  .76-.77 if stays above .70

[09:52] {Onix} ty Vad, i got another 19c in RMBS

[09:52] {Threei}  :)

[09:54] {dino} sm l rimm .50, stop lod

[09:56] {Threei}  BRCM 1:1

[09:56] {Threei}  moves against the market, so I'll try to partial

[09:56] {Threei}  scxalpers feel free to grab your profit

[09:57] {magoo} out here RMBS 01

[09:57] {magoo} TY boss

[09:58] {Threei}  welcome

[10:03] {lisa_jay} PLD

[10:06] {lisa_jay} Took 20c in PLD..thanks indirectly to Vad.

[10:07] {Threei}  ummm

[10:07] {Threei}  indirect welcome

[10:07] {lisa_jay} thanks.

[10:07] {Onix} gj

[10:08] {Onix} uaua?

[10:09] {lisa_jay} Its like a drunk Yo-Yo.

[10:09] {Onix} lol

[10:09] {lisa_jay} R we getting oil no's today Vad?

[10:11] {Threei}  yes, 10:35

[10:11] {lisa_jay} Ok, thanks.

[10:11] {cosmo} AMSF

[10:12] {lisa_jay} flir

[10:12] {lisa_jay} sorry

[10:15] {Threei}  offering BRCM balance at .92

[10:29] {lisa_jay} Vad, any read on FLIR?  Thanks.  (Break of 28?)

[10:34] {magoo} l aapl 85

[10:35] {Threei}  I'd prefer to see how market reacts on oil first lisa

[10:35] {lisa_jay} Ok, thanks Vad.

[10:36] {Threei}  DOE CRUDE: -3.1M V +1ME; GASOLINE: +3.34M V +750KE; DISTILLATES: +1.8M V +1ME;

[10:36] {Threei}  FLIR is too slow

[10:36] {Threei}  maybe on pullback

[10:37] {Threei}  for a little scalp

[10:39] {magoo} no work aapl

[10:39] {lisa_jay} Thanks for warning Vad.

[10:46] {Threei}  WSJ: CHRYSLER LOOKING TO 'MASSIVELY CUT' FIXED COSTS FURTHER, WILL SUBMIT PLAN ON HOW IT INTENDS TO SHRINK OPERATIONS

[10:46] {lisa_jay} Vad, quick DCC please.

[10:46] {Threei}  shrink operation as in stop making cars?

[10:47] {cosmo} hey ... we need rail cars

[10:47] {cosmo} and rails

[10:47] {cosmo} but not tanks ...this time

[10:48] {Threei}  lisa?

[10:49] {lisa_jay} sorry disconnected.

[10:49] {lisa_jay} back now.

[10:50] {Threei}  Qs C&H

[10:51] {Threei}  .21 break if stays above .15

[10:59] {lisa_jay} Grmn suddenly got happy

[10:59] {Threei}  no fresh news that I see

[11:04] {cosmo} santa coming to town

[11:04] {cosmo} maybe

[11:05] {Threei}  and bought Garmin's GPS to find the way?

[11:05] {lisa_jay} lol

[11:05] {cosmo} hmm...makes a good add

[11:06] {cosmo} ad

[11:11] {dino} hmm, reminds me of arthur movie; "but she does make a good chicken"

[11:12] {dino} sm l rate .00, stop .68

[11:13] {Threei}  PLD getting frisky again

[11:13] {lisa_jay} Please don't make me look Vad.

[11:13] {Threei}  (RU) PRESIDENT MEDVEDEV: RUSSIA IS CAPABLE OF PAYING OFF DEBT, WILL NOT DEFAULT - TV

[11:13] {Threei}  uh oh

[11:14] {dino} wow does that sound familiar

[11:16] {lisa_jay} KLAC

[11:16] {lisa_jay} SNDK

[11:23] {magoo} vad PLD dam

[11:23] {magoo} wheres it going?

[11:23] {Threei}  no idea

[11:24] {Threei}  felt right around 12 but was so jumpy

[11:47] {Threei}  I give up.... PLD will never stop

[11:47] {Threei}  it will go up and up and up

[11:47] {Threei}  forever

[11:47] {magoo} only game in town

[11:48] {magoo} traders on it

[11:48] {magoo} prob 13 today

[11:52] {lisa_jay} Vad, if RSI is very high lilke above 80 - 85, do you still take a long trade?

[11:52] {Threei}  I don't watch it

[11:53] {magoo} out 93 lol

[11:53] {Threei}  in a strong momo, nothing matters

[11:53] {lisa_jay} Oh, ok.

[11:53] {lisa_jay} Thanks.

[11:55] {lisa_jay} I have to slack off and leave early.  Food shopping for family visit.

[11:55] {magoo} have nice holiday

[11:55] {Threei}  if willing to sacrifice 10-15 cents... .80 break here if stays above .70

[11:55] {lisa_jay} Thanks everyone.  Have a Happy Christmas.

[11:56] {Threei}  take care lisa, havce a great Christmas

[11:58] {Chaeron} Ok, Lisa's gone... it's safe for me to come in... Hohoho everybody...

06[11:58] * Chaeron slaps magoo around a bit with a large trout

[11:58] {Threei}  lol

[11:58] {Threei}  hi chaeron

[11:58] {Chaeron} Mery Christmas

[11:58] {Chaeron} Hi Threei, Happy Hanaukah too

[11:59] {Larisa1} hi Chaeron, Merry Christmas :)

[11:59] {magoo} cbaby:)

[11:59] {Chaeron} Larisa.... :)) man, can you light up a room

[11:59] {Larisa1} why magoo calls you baby ? :)

[11:59] {Chaeron} cause he thinks I'm cute

[12:00] {Larisa1} oh

[12:00] {Chaeron} yeah... well.............

[12:01] {Threei}  it's ese's fault

[12:02] {Chaeron} true

[12:02] {Threei}  he brought us "baby" and "indeed", but molst of all, he convinced everyone that Chaeron is cute

[12:02] {Larisa1} He is cute, magoo is cute and vad is cute also.. it is merry Christmas. Everybody can be cute. 

[12:02] {Threei}  eeck

[12:02] {Larisa1} just for today and tomorrow

[12:03] {dino} lol

[12:03] {Threei}  that goes beyond any Christmas spirit I've ever seen

[12:03] {Chaeron} yeah, but I'm the cutest... so cute I'm adorable... so adorable, I'm irresistible

[12:03] {Chaeron} *gag*

[12:03] {Threei}  my retina

[12:03] {Chaeron} lol

[12:03] {magoo} i see larisa into the eggnog already lol

[12:04] {Threei}  will take me months of therapy to get rid of image of adorable chaeron

[12:04] {dino} maybe so chaer, but remember this, chicks, they dig me

[12:04] {Chaeron} heheheh

[12:04] {Larisa1} careful magoo or i exclude you from cute team

[12:04] {Chaeron} dino... you da man

[12:05] {dino} indeed my friend, indeed

[12:05] {Threei}  although come to think of it... image of cure magoo is not far from that therapy-inducing imagery

[12:05] {Threei}  cure = cute

[12:05] {dino} out rate .68, +.68

[12:05] {Chaeron} well, I am taking today off... just came in to say a Merry Christmas and Happy Hanauka and see you friday...

[12:06] {Threei}  take care chaeron, merry Christmas

[12:06] {Larisa1} :)

[12:06] {Threei}  you cute baby you

[12:06] {magoo} u too bud

[12:06] {Threei}  "gag"

[12:06] {dino} happy holidays chaer

[12:06] {patience} you too Chaeron

[12:07] {Chaeron} Thanks guys... Best to all and your families. Love and peace to all :)

[12:08] {Threei}  adorbale... simply adorable

06[12:08] * Chaeron slaps Threei around a bit with a large trout

[12:08] {Chaeron} Ho ho ho!

[12:09] {dino} hey, why do the female riendeer like xmas shopping so much?

[12:09] {dino} they get to finally blow their bucks

[12:09] {Larisa1} sigh

[12:12] {Threei}  dp, you here by any chance?

[12:14] {magoo} 13 prints

[12:15] {dino} darn, rate still going

[12:19] {gen} RMBS good

[12:20] {Threei}  strangely, moves with not much help from market

[12:21] {ese} MERRY CHRISTMAS everyone ...things to do, people to see, places to go.....see you all on monday...

[12:21] {Threei}  Merry Christmas ese

[12:21] {patience} enjoy ese, merry christmas   :)

[12:21] {ese} take care

[12:21] {Threei}  things to do - clean snow

[12:22] {dino} merry christmas es

[12:22] {Threei}  people to see - neighbors cleaning theirs

[12:22] {Threei}  places to go - end of driveway when the snow is cleared

[12:22] {Threei}  ain't my jaundicity grand today

[12:24] {dino} sounds familiar

[12:25] {gen} MERRY CHRISTMAS everybody :)

[12:26] {Threei}  ty gen, same to you

[12:26] {Threei}  PLD is breaking or what

[12:27] {dino} happy holidays gen

[12:27] {magoo} every pullbk has been a good buy so far

[12:27] {magoo} frenzy

[12:27] {dino} rimm l .00

[12:27] {magoo} now

[12:27] {magoo} vad

[12:28] {Threei}  don't make me call it

[12:28] {magoo} better than a DRYS call lol

[12:29] {magoo} im thinking 13.90

[12:30] {magoo} [11:47] {magoo} only game in town

06[12:30] * Threei slaps magoo around a bit with a large track record showing enormous proifits on DRYS calls

[12:30] {magoo} [11:48] {magoo} traders on it

[12:30] {magoo} [11:48] {magoo} prob 13 today

[12:33] {magoo} wheres the trade PDL

[12:34] {Threei}  goes to 13.80

[12:35] {Larisa1} raining like crazy here. Snow is dissapearing. If not global warming, what is it :)

[12:35] {Threei}  uhhu

[12:35] {Threei}  it's exactly that

[12:36] {Larisa1} Merry Christmas Al Gore :)

[12:38] {cosmo} global warming is nobody's fault

[12:38] {cosmo} it happens...

[12:39] {Larisa1} Merry Christmas cosmo, do you have christmas tree ? or it is a palm tree ? :)

[12:40] {cosmo} Ash ... i think

[12:40] {Larisa1} lol

[12:41] {cosmo} canary island pines too

[12:41] {cosmo} 3

[12:42] {cosmo} lights could be good there ....maybe if they were solar powered

[12:42] {cosmo} someday

[12:43] {Larisa1} canary island pines - cute name

[12:44] {cosmo} hmm...google it

[12:44] {Larisa1} I did :)  was thinking it is  3 inches pine :) not so :) 

[12:45] {cosmo} three 100 foot pines

[12:46] {magoo} PDL vad..is it done??

[12:46] {cosmo} the big birds like them

[12:46] {Threei}  I've no idea mags

[12:46] {Threei}  momo plays rarely fit in tech read

[12:47] {magoo} no feel?

[12:48] {Threei}  not really

[12:48] {dino} done for today imo

[12:48] {Threei}  12 minutes left

[12:48] {dino} pld

[12:54] {Threei}  ok guys, thank you all,

[12:54] {Threei}  Merry Christmas

[12:54] {Threei}  have a great time

[12:54] {Threei}  have a good turkey

[12:55] {Threei}  see you on Friday?

[12:55] {Threei}  or let's have day off?

[12:55] {Threei}  (hopefully asks he)

[12:55] {dino} merry christmas vad, have fun, relax

[12:55] {Larisa1} merry Christmas all

[12:55] {patience} merry christmas guys

[12:56] {dino} best wishes to all

[12:56] {Onix} thank you Vad and a Mery Xmas to all, see yous on Friday

[12:57] {_elepet} Thank you all and Merry Christmas and Hanakkuh

[12:57] {dawg} happy holiday all

[13:00] {dino} out rimm flat.

[13:00] {dino} happy holidays to all.

Dec 23 2008

Not much interesting. Scalping day, not very active at that. Slightly positive but nothing to yell on the intersections about.

Session Time: Tue Dec 23 00:00:00 2008

[07:50] {magoo} morning

[08:03] {Threei}  Good morning

[08:04] {magoo} vad:)

[08:05] {Threei}  snow cleaning again? or what made you wake up so early? :)

[08:06] {magoo} my strong work ethic he he

[08:06] {Threei}  hiccup

[08:07] {magoo} vad, any news AAPL...RIMM...BIDU..GOOG?

[08:09] {Threei}  nah

[08:10] {magoo} check a couple more ok?  POT, FSLR, GS

[08:10] {Threei}  BALTIC DRY BULK INDEX FALLS 2.1% (FOURTH CONSECUTIVE DROP)

[08:11] {Threei}  [GS] The Goldman Sachs Group Inc JP Morgan analysts amends FY09 EPS target of $6.25 v $7.00 prior view

[08:11] {Threei}  - Analyst amends Morgan Stanley's FY09 EPS view to $2.35 v $2.15 prior

[08:15] {magoo} WOW AMAG

[08:19] {Threei}  12/22/08 08:01pm

[08:19] {Threei}  [AMAG] AMAG Pharmaceuticals Receives Complete Response Letter from the FDA for Ferumoxytol

[08:19] {Threei}  - The FDA indicated in its letter that the following additional information is required prior to granting approval of ferumoxytol: Data to clarify a specific chemistry, manufacturing and controls question; resolution of the deficiencies observed during the pre-approval inspection of the Companys manufacturing facility; and finalization of labeling discussions with the FDA.

[08:24] {Larisa1} gm threei, magoo :)

[08:24] {Threei}  Larisa :)

[08:25] {magoo} larisa:)

[08:25] {Threei}  sheesh EPIX

[08:26] {magoo} u in it?

[08:27] {Threei}  I wish

[08:27] {Threei}  scalped at the end of the day

[08:27] {Threei}  thought of taking it overnight, then decided against

[08:30] {Threei}  *Q3 FINAL GDP ANNUALIZED: -0.5% V -0.5%E

[08:30] {Threei}  PERSONAL CONSUMPTION: -3.8% V -3.7%E

[08:30] {Threei}  Q3 FINAL GDP PRICE INDEX: 3.9% V 4.2%E; CORE PCE Q/Q: 2.4% V 2.6%E

[08:40] {lisa_jay} Good morning.

[08:40] {Threei}  lisa :)

[08:41] {lisa_jay} Thanks for the e-mail yesterday Vad.

[08:42] {Threei}  welcome

[08:45] {Larisa1} hi lisa :)

[08:47] {lisa_jay} Hi Larisa.

[08:48] {dino} gm all

[08:49] {Larisa1} dino :)

[08:50] {dino} :)

[08:51] {dino} schw blood

[08:52] {Threei}  dino :)

[08:52] {dino} 3i :)

[08:55] {Raven}  Morning :)

[08:55] {Threei}  raven :)

[08:56] {Raven}  T:)

[08:59] {wishbone} gm all

[08:59] {Threei}  wish :)

[09:00] {Onix} Good morning everybody

[09:00] {Threei}  onix :)

[09:04] {KSystems} Good morning :)

[09:04] {Threei}  ks :)

[09:05] {Onix} hi ks

[09:07] {Geo} good morning

[09:07] {Threei}  geo :)

[09:10] {dawg} gm all

[09:10] {Threei}  dawg :)

[09:10] {Onix} hi dawg

[09:12] {dawg} Hello Onix

[09:12] {dino} overnight, out aapl .62, +1.02

[09:13] {patience} beautiful dino, good morning RT

[09:13] {Threei}  patience :)

[09:13] {dino} lucky, could've just as easily fallen, but ty

[09:15] {Onix} hi patience

[09:16] {_elepet} good morning all

[09:16] {lisa_jay} DRYS down 6% premarket.

[09:16] {Onix} hi elepet

[09:18] {ese} morning

[09:18] {Threei}  elepet, ese :)

[09:21] {Threei}  EPIX will likely provide scalping opportunities but it's a pure momo thing

[09:21] {Threei}  not much technical to it

[09:21] {patience} momo is me

[09:23] {Threei}  DRYS is mostly baltic index driven

[09:23] {Threei}  and it's down third time i a row, after 8 days of increases

[09:26] {Onix} hi ese

[09:27] {dptl} good morning all

[09:27] {Onix} hi dp

[09:27] {Threei}  dp :)

[09:28] {dino} baltic index, bloomberg.com/apps/quote&ticker=BDIY:IND

[09:30] {ese} hey onix

[09:30] {ese} dp

[09:30] {dptl} :)

[09:30] {ese} was up making coffee to inject intervenously

[09:33] {dino} nice

[09:33] {ese} bstop EPIX .55

[09:35] {Threei}  RIMM, watch for long half lot around .60

[09:35] {Threei}  desirably with sharp NQ spike

[09:37] {dino} wfsl

[09:37] {lisa_jay} r u in rimm vad?

[09:38] {Threei}  .67

[09:38] {lisa_jay} nice

[09:38] {magoo} .71

[09:38] {Threei}  out

[09:38] {tomg} thanks vad

[09:38] {Threei}  welcome guys

[09:38] {Threei}  need another pullback

[09:41] {magoo} im waiting 42.34

[09:41] {magoo} may not get it

[09:42] {Threei}  holding well

[09:42] {Threei}  little market help should do it

[09:43] {Threei}  42 break is important

[09:43] {Threei}  there you go

[09:44] {Threei}  EPIX... ergh

[09:45] {lisa_jay} is rimm buy here vad?

[09:45] {ese} EPIX  I missed it 

[09:45] {Threei}  NTMD

[09:45] {Threei}  12/23/08 02:30am

[09:45] {Threei}  [GSK] Glaxosmithkline PLC Enters Alliance with Archemix to Develop Aptamers to Treat Inflammatory Diseases

[09:45] {Threei}  - Archemix announced a worldwide alliance to discover, develop and commercialise aptamer therapeutics to treat inflammatory diseases, such as rheumatoid arthritis and inflammatory bowel disease.

[09:45] {Threei}  - Under the terms of the agreement, Archemix will receive $27.5M in upfront payments from GSK, including a $6.5M equity investment by GSK in the company. Archemix could also be eligible to receive up to $200M in development, regulatory and sales milestone payments for each of the seven aptamer therapeutics which may be discovered and developed as part of the alliance. Archemix would also receive tiered royalties up to lower double digits on worldwide sales of products that may result from the alliance.

[09:46] {dino} sm l fxi .18

[09:46] {Threei}  feels so lisa

[09:46] {lisa_jay} missed anyways, 

[09:46] {magoo} out RIMM herer TY vad

[09:46] {magoo} .24

[09:47] {lisa_jay} nice

[09:47] {Threei}  gj mags

[09:52] {magoo} i wish SANTA would sober up and appear TODAY

[09:53] {patience} he did, my goldcorp is up $1.22 today...just waiting for a bit more

[09:55] {Threei}  DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 60.1 V 58.8E

[09:58] {dino} lol

[09:59] {Threei}  FMCN

[09:59] {Threei}  9 break long, very risky

[09:59] {lisa_jay} stop vad?

[10:00] {Threei}  undr .90, .85

[10:00] {dino} sso hl l .92

[10:00] {Threei}  NOV EXISTING HOME SALES: 4.49M V 4.93ME (% M/M)

[10:00] {Threei}  OV NEW HOME SALES: 407K V 415K

[10:00] {Threei}  DEC RICHMOND FED MANUFACTURING INDEX: -55 V -40E

[10:02] {Geo} huge offer fmcn

[10:02] {Threei}  OCT HOUSE PRICE INDEX: 1.1 % V -1.3%E

[10:02] {Threei}  that's the idea

[10:05] {dptl} you in?

[10:05] {lisa_jay} in

[10:06] {Threei}  not very convincing... I like them acting faster after such significant break

[10:06] {dino} tbt hl l .10

[10:07] {lisa_jay} out

[10:08] {ese} long EPIX .74

[10:08] {dptl} ouch

[10:08] {Threei}  out .90

[10:09] {lisa_jay} u did say very risky!!!!

[10:09] {Threei}  that EDGX offer never got taken out

[10:10] {Threei}  it canceled, then reappeared

[10:11] {ese} tight stop to break even .74

[10:12] {patience} oil dropping....feb contract now below 40...not good

[10:12] {Threei}  for whom?

[10:13] {lisa_jay} commodities?

[10:13] {patience} broke a technical line...was hoping 40 would hold so banks would start going up

[10:13] {patience} that would be my technical analysis    :)   very sophisticated

[10:14] {Threei}  UBCP, is this spread for real?

[10:14] {lisa_jay} If you make money off of it...which you seem to do...

[10:14] {Threei}  it's not criminal?

[10:14] {patience} i do alot of reading lisa and try to scalp momo off the news

[10:15] {lisa_jay} i like how you are so focused and disciplined.

[10:15] {ese} EPI

[10:15] {ese} x

[10:15] {ese}   stopped even

[10:15] {patience} just my style, comfort level...don't like risking capital

[10:16] {ese} was worth a try......thought that it would give 2.00 a shot

[10:17] {lisa_jay} AMZN forming asc. triangle.

[10:22] {KSystems} i was away for some time...

[10:22] {KSystems} what about volume today?

[10:23] {Threei}  a bit early to tell

[10:23] {Threei}  so far on a low side

[10:23] {KSystems} i see...thank youi

[10:23] {lisa_jay} fmcn broke 9

[10:24] {Geo} dunno lisa

[10:24] {Geo} market on low end of range

[10:25] {lisa_jay} ok, thanks Geo

[10:28] {Geo} hehe

[10:28] {Geo} sorry lisa

[10:28] {lisa_jay} why, i am sure i would have been stopped out....somehow...The trading Gods absolutely love me.

[10:29] {lisa_jay} I am just watching...only taking Vad's calls.

[10:30] {Threei}  DRYS, watch for pullback to .80 roughly

[10:30] {Threei}  for long entry

[10:31] {Threei}  WHITE HOUSE: US ECONOMY WILL BE WORSE IN Q4 THAN IN Q3

[10:31] {Threei}  no, really?

[10:32] {ese} already priced in

[10:32] {Threei}  no pullback

[10:36] {dino} now what say that again

[10:36] {dino} why

[10:40] {lisa_jay} .

[10:42] {lisa_jay} Vad, Drys still valid?

[10:43] {patience} hey Ese, you see we're supposed to get 10 to 20 cm snow today?

[10:43] {Threei}  yes isa

[10:43] {Threei}  watch nasdaq

[10:44] {lisa_jay} could you just say "IN" when you enter. ... Thanks.

[10:47] {_elepet} anyone in hig?

[10:47] {Geo} watching PLD

[10:47] {ese} PLD bstop 11.16

[10:47] {Geo} :)

[10:48] {Larisa1} HIG was nice play in the morning off 15.50 support . having trouble with 16.80 resis now. Unless market really jumps.

[10:49] {ese} i like that chart lpattern geo

[10:49] {dptl} 1 min ese?

[10:49] {ese} yes

[10:50] {Threei}  PLD some hard to digest news

[10:50] {_elepet} I bought HIG yesterday at 15.94 and am wondering about exit point.

[10:51] {Threei}  jerky market elepet, no real firm read... why not protect profits and sleep well

[10:51] {ese} agressive entry PLD s small .04

[10:51] {Threei}  take off 2/3 of position,

[10:51] {ese} thats long small not s

[10:51] {Threei}  let the rest trade with stop under breakeven

[10:52] {Larisa1} nice ele, I would not let HIG go under 16.40 and if 17 breaks, will go higher/ Just imo 

[10:53] {Larisa1} or what threei said :) can not argue with a Master :)

[10:53] {Threei}  12/23/08 08:40am

[10:53] {Threei}  [PLD] ProLogis To divest China operations and 20% interest in Japan Property Funds to GIC Real Estate for $1.3B

[10:53] {Threei}  - The net proceeds will be used to reduce debt.

[10:53] {Threei}  - Company expects to record a modest net loss on the transaction of approximately 4% to 6%of the book value of the assets sold.

[10:53] {Threei}  - Co' development pipeline as of September 30, 2008 will be reduced by $1.0B, including $255M in costs to complete development of the assets owned directly and within Prologis'' development joint ventures in China.

[10:53] {Threei}  - The company expects to close the transaction in January 2009

[10:54] {Threei}  - CEO: In one substantial step, this transaction helps ProLogis de-lever its balance sheet, relieve near-term re-financing pressure and enhance liquidity

[10:54] {Threei}  - Selling our China operations and our investment in the Japan funds was not an easy decision; however, this represents a major milestone in the implementation of the plan we outlined last month to strengthen the company''s balance sheet in order to meet the challenges of the current environment.

[10:54] {Threei}  to me, it reads as "dump the future prospects in order to survive today"

[10:54] {Threei}  wide open to interpretations

[10:56] {ese} ya......i think i'd take it thqat way too....

[10:58] {dino} sso stopped flat

[11:03] {Threei}  DRYS

[11:03] {magoo} in?

[11:03] {Threei}  one more leg down for teleportation entry

[11:03] {Threei}  closer to .70

[11:03] {Threei}  or if market sp;ikes, .80 break

[11:04] {lisa_jay} r u in vad?

[11:04] {Threei}  missed it... if you got it, stop under .75 and look for a scalp

[11:05] {lisa_jay} ok, thanks.

[11:06] {_elepet} thanks vad, larissa. sold some HIG. 

[11:07] {Larisa1} good job ele

[11:10] {ese} something keeps pushing PLD up ...regardless of the news

[11:15] {Threei}  in

[11:15] {Threei}  .62

[11:16] {Threei}  stop under .50

[11:16] {Threei}  .55 for hard core scalpers

[11:18] {Threei}  more weakness in the market

[11:19] {Threei}  CBC, next topic: Garden City under the snow

[11:20] {Threei}  the rest of Canada has their 1 in a 10 years chance to gloat

[11:24] {lisa_jay} TOS fills are amazing....

[11:24] {lisa_jay} out 2/3rds DRYS .10c

[11:24] {Threei}  out .72

[11:24] {Geo} all vad?

[11:24] {Threei}  yeah

[11:25] {Geo} low vol stophunting IMO

[11:25] {lisa_jay} out rest flat.

[11:25] {lisa_jay} Thanks Vad.

[11:26] {jmb} thanks vad

[11:26] {ese} pld stopped....

[11:27] {wishbone} Lisa what are TOS fills?

[11:28] {lisa_jay} Sorry wishbone...my trading platform Think or Swim...not as fast a laser but holding its own.

[11:28] {ese} -.32 on 300shs PLD

[11:28] {ese} rats

[11:29] {wishbone} oh..ok ty

[11:34] {dino} gg sm l .90

[11:41] {Threei}  GM under 3

[11:41] {Threei}  I can't watch this

[11:41] {Geo} personally i dont know trading this week is a good idea

[11:41] {Geo} anemic vol with drifting

[11:44] {Threei}  RIMM .93 short with stop above 42

[11:44] {Threei}  invalidated

[11:45] {dino}  i'm w/you geo

[11:46] {dino} nonsense moves

[11:46] {Geo} I am sitting in front of pc while getting whole house ducting changed.....

[11:46] {Geo} fun times

[11:46] {magoo} sopme of biggest moves asre days like today imo

[11:47] {dino} gas hookups being done at my house today. i am responsible for oil crash

[11:48] {magoo} and i thank u for that...truly

[11:48] {dino} any time

[11:48] {Threei}  used to be oil heating?

[11:49] {dino} yes for 13 years, last year spent $3k on heat, said thats it

[11:50] {Geo} natural gs hookup here

[11:50] {Geo} dont know which works better

[11:51] {dino} neighbors spent $1,800/year last year on gas, so i switched. and gas is way down too, so hopefully................

[11:52] {Geo} nice

[11:52] {magoo} why not hook your a*s up to your house dino??

[11:52] {Geo} hmmmm

[11:53] {wishbone} lol

[11:53] {dino} well, as they say magoo, theres a chair for every azz

[11:57] {dino} lod

[11:57] {Threei}  watching DRYS for quick trip to .50 or under for bounce scalp

[11:58] {Threei}  why did RIMM have to invalidate the short before triggering

[12:00] {lisa_jay} r u in drys vad?

[12:00] {Threei}  no

[12:06] {ese} long EPIX 3/4's .45

[12:07] {ese} going against index ......we'll see.....

[12:08] {ese} thinking it's bottomed out

[12:09] {dino} abfs

[12:10] {dptl} short drys ?

[12:11] {lisa_jay} Is it available to short Dp?

[12:11] {dptl} ups ...no

[12:12] {Threei}  I wouldn't anyway

[12:12] {magoo} u guys are obsessed with DRYS

[12:13] {ese} are you looking at abfs dino

[12:14] {lisa_jay} Yes Magoo...my husband thinks its a name for a Harlequine romance hero or something..

[12:14] {lisa_jay} Drys Shipman

[12:14] {Geo} [12:57] {magoo} I HATE DREYS

[12:14] {magoo} i do

[12:14] {magoo} its a poor trader

[12:14] {ese} out EPIX -,04

[12:15] {Threei}  if I weren't lazy, I'd go over calls on it over last two or three weeks, you'd be amazed how this poor trader performed for us

[12:16] {magoo} if i went over my DRYS im down

[12:17] {dino} hmmmm cat fight

[12:17] {magoo} so i HATE it

[12:17] {wishbone} lol

[12:17] {Geo} 2 slothfull fatcats

[12:17] {Geo} no disrespect intended

[12:18] {magoo} we cant all be yes men in the room :)

[12:18] {dino} fwiw, the dji has been negative since tuesday close

[12:18] {Geo} no vad no we still worship you.................

06[12:19] * Geo is bored

[12:19] {magoo} and fat

[12:19] {Geo} sez who?

[12:19] {dino} 1 plus day in last 7 trading days

[12:19] {dino} dji

[12:20] {dino} imo, they will be markling up big next week, just like last month and month before

[12:20] {magoo} patience told us he he

[12:20] {dino} fed gave the wink, we are not checking up on you

[12:21] {Geo} hmmm dino

[12:21] {patience} ty magoo, i'm expecting down next week but i'll trade what i see

[12:21] {ese} I can't find nut un.......there just ain't any trades to be had

[12:21] {Geo} selling to gussy up year end portfolios for fund managers?

[12:22] {magoo} mkt bounce time imo

[12:23] {magoo} slothy..guussy..quite the lingo lol

[12:24] {lisa_jay} amzn has been good

[12:24] {Threei}  you remember why they downgraded Pluto from planet status to asteroid?

[12:25] {Threei}  said it was small, not bright enough and gussy

[12:25] {lisa_jay} too small?

[12:25] {ese} anyone have a take on how the lower crude prices may effect airline fares?    My high school R&B band has an invitation to 3 european festivals...Belgium, Denmark and Norway.

[12:25] {ese} for the summer

[12:26] {wishbone} vol spike q's

[12:26] {Geo} thanks you magoo have been brushing up my english

[12:26] {Larisa1} GEO, what does your nick mean, Group of Earth Observation or  Global Environment Outlook ?

[12:26] {Geo} used to be GeoArb larissa

[12:26] {Geo} "they" mutiliated it

[12:27] {magoo} they??

[12:27] {ese} mine too

[12:27] {Geo} geographical arbitrage

[12:27] {Larisa1} even better :)

[12:27] {wishbone} lol

[12:27] {lisa_jay} always wondered too.

[12:27] {Geo} just a fancier name for migrants Larissa :)

[12:27] {dino} hmmm, and mine was simply dino the dinosaur

06[12:27] * Threei is now known as nick mutilator

[12:28] {Larisa1} where are you from Geo ?

[12:28] {Geo} = land of phone call reps

[12:28] {Threei}  don't tell me it was you who picked up the phone when I called DELL support

[12:28] {magoo} i was megamagoomiesterbra

[12:29] {Geo} bra magoo?

[12:29] {magoo} oops,lol

[12:29] {magoo} bro

[12:29] {lisa_jay} Those are very sturdy brand Magoo

[12:29] {Threei}  freudian slip?

[12:29] {Geo} if you heard a cackling it was me 3i

[12:30] {Geo} ehtnically indian larissa

[12:30] {Geo} 10 years California 18 yrs africa and 5 yrs India

[12:30] {Geo} now in cyberspace

[12:30] {lisa_jay} I was in Zambia for 5 years Geo.

[12:31] {Geo} nice lisa

[12:31] {lisa_jay} which counry in Africa?

[12:32] {Geo} mediterranean circle

[12:32] {Geo} Libya/Egypt/Malta/Italy

[12:32] {Geo} dad liked to travel

[12:32] {Larisa1} after 18 african years you are oficially "africanian"  :)

[12:32] {Threei}  Italy} in Africa?

[12:33] {Geo} majority was in africa

[12:33] {Geo} i should just say Mediterranean i guess

[12:33] {lisa_jay} Was Mrs. Geo in Africa too?

[12:33] {Geo} yeah

[12:34] {Geo} dated her in high school there

[12:34] {lisa_jay} wow

[12:35] {Geo} i am still stuck on magoo's new nicknale

[12:35] {Geo} name

[12:35] {Geo} vad you should change it back

[12:35] {Threei}  can't

[12:35] {Threei}  other bra producers object

[12:35] {Geo} come on

[12:35] {Geo} it will kill me to think magoo has to type that everyday to get in

[12:35] {Geo} lol

[12:36] {Threei}  'cept our mIRC is on autoconnect :)

[12:36] {Geo} trust me he wouldnt know how to /nick

06[12:36] * laserdave1 slaps Threei around a bit with a large trout

06[12:36] * Geo slaps laserdave1 around a bit with a large slab of canadian ham

[12:37] {laserdave1} who the heck gave u canadian ham?

[12:37] {Threei}  lol

[12:37] {Geo} i got it in the canadian consulate

[12:37] {wishbone} what no maple syrup?

[12:37] {laserdave1} laserdave1 slaps magoo around with Vad

[12:37] {Geo} tough to slap with

06[12:39] * magoo slaps laserdave1 around a bit with a large a basket full of cheer

[12:40] {laserdave1} this slapping is contageous

[12:40] {laserdave1} contagese

[12:40] {laserdave1} contageis

[12:40] {Geo} contango

[12:40] {laserdave1} contageeze

[12:44] {Larisa1} never before presidents were so e-mail active. Getting e-mails from Michelle and Barack every day :)

[12:44] {Threei}  it's just the mouse stuck on Send button

[12:45] {Larisa1} no!  dats because i am vevy important!

[12:47] {Threei}  let me check

[12:47] {Larisa1} bet he is checking his junk e-mail

[12:48] {Threei}  yup/// Michelee says you are

[12:48] {Larisa1} oh :)

[12:48] {Larisa1} ty

[12:49] {ese} long KHD .38 1/2

[12:55] {lisa_jay} nice KHD 

[12:57] {ese} not holding my breath today...this will only mitigate my -.32 in PLD earlier if it works

[12:58] {lisa_jay} Vad, Amzn - would this be a double bottom...for educational reasons only.  Thanks.

[12:58] {ese} out  KHD .68 +.30

[12:58] {lisa_jay} nice

[12:58] {Onix} gj

[12:58] {ese} tks

[12:59] {Threei}  what do tou see as bottoms?

[12:59] {Threei}  you

[12:59] {ese} how bout that....Vads strategy works....keep plugging away and limit losses

[12:59] {Threei}  it does

[13:00] {lisa_jay} From 12 - 12.20 and 12.35 - 12.45

[13:00] {Threei}  take valid setups and play them by the book... the rest will take care of itself

[13:00] {dino} gj es

[13:00] {Threei}  not very pronounced formation lisa

[13:01] {ese} yes......although sometimes I get too aggressive and should be waiting for the setup to appear

[13:01] {lisa_jay} Ok, thanks Vad.

[13:01] {Geo} someone comitted suicide?

[13:02] {Geo} CNBC

[13:02] {ese} huh?

[13:02] {ese} crammer?

[13:02] {Geo} you wish

[13:03] {ese} I give up ....who?

[13:03] {Threei}  some fund manager linked to Madoff

[13:03] {ese} ahhhh....

[13:04] {Threei}  now... Ponzi scheme is criminal, no?

[13:04] {ese} not crammer then.....

[13:04] {Threei}  what do you call the very idea of practically all social programs, benefits and pensions then?

[13:05] {wishbone} like income trusts in canada

[13:05] {Threei}  they all are based on payment to early "investors" from what today's ones bring,

[13:05] {Threei}  they all rely on eternal increase in numbers

[13:06] {ese} don't think thats quite true....

[13:06] {Threei}  and they all collapse if demographics (attraction of new "investors") cotract

[13:06] {ese} money is suppose to be invested properly

[13:07] {dino} es, you forget that politics gets involved

[13:07] {dino} give them more to get elected, messes up whole system

[13:07] {ese} to some extent they require new investors.....but not to just keep the trust going,,...legit ones anyway

[13:07] {ese} although those trust can certainly be mismanaged

[13:11] {magoo} vad..i am eating bacon..and i know u care

[13:12] {dino} sm l oxy .50

[13:12] {magoo} VAD DCC

[13:12] {Threei}  I don't care mags

[13:12] {Threei}  I have my own

[13:12] {Larisa1} vad is healthy eater. carrots for lunch. i hope

06[13:13] * Geo still keeping his slappable canadian ham

[13:13] {Threei}  although I never refuse a chance to get someone else's

[13:13] {magoo} dcc vad

[13:13] {Threei}  carrots

[13:13] {Threei}  yeah

[13:13] {Threei}  that's it

[13:14] {laserdave1} laserdave1 grabs geos canadian ham and slaps geo with it

[13:14] {laserdave1} ahhhhhhhh i see how that works

[13:14] {laserdave1} i like it

[13:14] {Geo} sniff

[13:14] {Threei}  put them in microwave, nuke the so they are crispy, juicy, fat melts

[13:14] {Geo} thats was uncalled for

[13:15] {Threei}  oh wait... that's bacon

[13:15] {Threei}  I just keep it in carrot's package

[13:15] {ese} rats had limit order in ARTC at .48   missed it

[13:15] {magoo} geo...hook laserdave up with slap program ppppaaaalllleeeasses

[13:16] {Geo} nah

[13:16] {Geo} its funny watching him struggle

[13:16] {Threei}  careful geo

[13:16] {laserdave1} Cmon struggle

[13:16] {Threei}  I made too much fun of him once

[13:16] {laserdave1} look at the stuff i come up with

[13:16] {Threei}  guess what he did

[13:17] {magoo} geo..if u use lasaer platform..u made ned dave someday

[13:17] {Geo} jimmied your laser?

[13:17] {Threei}  disconnected my fills from actual market...

[13:17] {Threei}  I traded so well

06[13:17] * Geo frantically looking up instructions for dav

[13:17] {Threei}  but it was all sim as I found out at the end of the month

[13:18] {Threei}  heck, he even was so generous, he gave me $1 price improvements

[13:18] {Geo} look email dave

[13:18] {Threei}  you should hear his evilish laughter when I called to ask where my profits were

[13:18] {Geo} hey dave does laser have sim?

[13:18] {Geo} (serious question)

[13:19] {laserdave1} u mean demos

[13:19] {laserdave1} we have

[13:19] {Geo} demo with real time data

[13:19] {Geo} not prepackaged data

[13:19] {ese} ARTC nice move

[13:20] {Geo} ?

[13:21] {laserdave1} dcc

[13:21] {lisa_jay} Ese, if your entry would have been at .47, where would you put the stop.  Thanks.

[13:23] {lisa_jay} on ARTC

[13:23] {ese} was only going for a 1/2 lot  so was thinking .25

[13:24] {lisa_jay} K, THANKS

[13:24] {lisa_jay} sorry caps

[13:25] {ese} risk $125 for the possiblilty of it going to 5.00 for 250 2:1

[13:26] {lisa_jay} ok.

06[13:27] * laserdave1 slaps Threei around a bit with a large trout

[13:28] {Geo} do you see more slapping options dave?

06[13:28] * laserdave1 slaps Threei around a bit with a large trout

[13:29] {ese} ARTC almost at 5....damn

06[13:29] * magoo slaps Threei around a bit with a large geos canadian bacon which vad stole first but magoo stole from vad when he went looking for fry pan

[13:29] {Geo} HAM HAM

[13:29] {magoo} no, u still have your HAM..but u no longer have your bacon

[13:30] {patience} i have the green egs if you need them Geo

[13:30] {lisa_jay} lol

[13:31] {ese} ARTC  5.00 tsk tsk tsk....what a waste....of no profit

[13:31] {Geo} sigh

06[13:31] * Geo crack open a cognac

06[13:32] * laserdave1 slaps Threei around a bit with a large roll of cash

06[13:32] * laserdave1 slaps Threei around a bit with a large scalping course

[13:32] {Geo} try the last one dave

06[13:32] * laserdave1 slaps Threei around a bit with a large hammer

[13:32] {Geo} nice

[13:33] {lisa_jay} Ese, i feel your pain.

[13:33] {laserdave1} ty so much

[13:33] {laserdave1} very nice

[13:33] {laserdave1} i like 

[13:33] {laserdave1} yes i like

[13:33] {laserdave1} yes

06[13:33] * Geo slaps laserdave1 around a bit with a large tub of canadian maple sugar cookies

06[13:34] * laserdave1 slaps Threei around a bit with a large Santa

[13:34] {laserdave1} nice

[13:34] {ese} yup......thats the type of pain that i've learned to sluff off......used to bug me that i wasn't in but that was a dangerous emotion

[13:34] {laserdave1} i see u have the canadian option built in

[13:35] {Geo} nah

[13:35] {Geo} all in my mind

[13:35] {Geo} just thinking of all the stuff i bough when i was visiting

[13:35] {magoo} jeez dave

[13:35] {lisa_jay} I am working through that Ese...will conqor it eventually with Vad's help.

[13:36] {magoo} i told him to hook u up...not one slap

[13:36] {ese} that emotion can kill your account......specifically the next time when you have a bad trade and you decide to stay in..

[13:36] {ese} when you should get out

[13:36] {lisa_jay} Ese, when do yo move stop to brekeven to wait out for 1:2

[13:37] {lisa_jay} You don't partial out right?

[13:37] {dino} out gg .30, +.40 all day

[13:37] {ese} hmmmmmmm......i don't really partial but i probably should.....

[13:37] {lisa_jay} nice Dino.

[13:38] {Onix} gj

[13:38] {dino} ty lj

[13:38] {ese} usually i don't want to loose anymore then 150 to 200 on any particular trade.....but i'll get out sooner or move the stop up quick if I think the trade ir really risky

[13:38] {dino} and onix

[13:39] {lisa_jay} ok, thanks Ese.

[13:40] {ese} i've tried to learn from vad about position size....in terms of goin 1/2 or full lots.......it's half usually for me if volume is under 2 mill

[13:41] {ese} i've gotten used to seeing what vad sees....I think.....when he's looking for steady prints.

[13:41] {dino} uso wants green imo

[13:41] {ese} that reduces risk for me anyway

[13:42] {ese} if prints are not steady one way or the other i'm usually 1/2 lot or less

[13:44] {lisa_jay} Thanks Ese, learning something everyday.

[13:47] {ese} also trying to learn how dino has mastered short cover rallys.....borders on the existential 

[13:48] {dino} lol

[13:48] {dino} out oxy .90, +.40

[13:48] {lisa_jay} Nice 

[13:48] {dino} ty

[13:49] {dino} es, sm size allows for entry errors

[13:49] {ese} have practised traded a few but have not got them to work for me

[13:49] {ese} for your short cover rallys?

[13:49] {dino} y

[13:49] {ese} tks

[13:50] {dino} also, look at support levels from days/weeks past

[13:50] {dino} we know yesterdays, 8372 dji; 1169 ndx; 871 s&p

[13:51] {dino} and dec. 8,118, 1096, 818

[13:51] {ese} yes....and do you wait for those levels in particular to trade off of

[13:52] {dino} i use prior day, then weekly, then monthly(which hasn't come too close yet)

[13:52] {dino} overall, we are in a big range sell dji over 8800, buy around 8300

[13:53] {ese} have been kind of aware of that......need to pay more attention to it though

[13:54] {dino} 500 pts right, and typically we range 300 pts/day, so....extrapolate

[13:54] {ese} (: 

[13:55] {dino} ok, do we drop hard again at 2?

[13:55] {dino} and bounce big around 3:35-40

[13:56] {patience} i scalp goldcorp frequently...30 minute daily charts for the past 10 days...very similar pattern

[13:56] {dino} gg

[13:56] {patience} i just keep scalping whomever set up the buy/sell program

[13:57] {patience} although volume has lightened up

[13:57] {dino} gj, nice 5 days pattern too29=-27.50ish

[13:57] {patience} i'm trading on the canadian side but american must be similar

[13:58] {patience} i'll sell my goldcorp stock this week because COTS reports say gold is down next week probably

[13:58] {ese} theres your dow answer dino.....20pts jump

[13:58] {patience} i'll keep the options

[13:58] {dino} i think head fake es, but will wait a few

[13:59] {dino} same pattern yestday'

[13:59] {Threei}  we may get some ramp up here

[13:59] {lisa_jay} Amzn breaking out of asc triangle.

[13:59] {dino} and fri, and thurs

[14:00] {Geo} nice patience

[14:01] {Geo} i just started reading a book on the cots report

[14:01] {Geo} just trying to figure it out

[14:01] {patience} http://www.cotstimer.blogspot.com/

[14:01] {ese} patience....do you wait for one dn or up bar and on a reversal and then enter at the high or low of the bar 30mins that is?

[14:01] {patience} this guy is fixated with it, i leave him to do the number crunching

[14:02] {Geo} some people i know use this: http://www.bullishreview.com/

[14:02] {patience} thanks geo

[14:02] {Geo} they do well I dont use it though

[14:02] {patience} ese, i use the 30 or 60 to look for larger patterns

[14:03] {Geo} dont trade commodities much

[14:03] {patience} i use shorter timeframes for scalping

[14:03] {patience} 5 or 10 minutes

[14:03] {patience} then go by rsi and macd

[14:03] {Threei}  RIMM

[14:03] {Threei}  long .96 if takes that offer by UBSS at .95

[14:04] {Threei}  needless to say, with market help

[14:04] {Geo} thanks a lot patience........ what are some  good gold symbols?

[14:05] {Geo} will make for good vacation reading :)

[14:05] {patience} depends on your risk profile

[14:05] {magoo} go ahead and say it vad

[14:05] {patience} i like goldcorp for scalping, barrick can act weird around options expiry

[14:05] {Geo} medium lol

[14:05] {patience} used to scalp kinross alot, but they own russian gold mine....so no more

[14:06] {Geo} you dont do just plain gold?

[14:06] {patience} i don't do juniors any more, they can fold in an eyeblink

[14:06] {patience} i buy gold physical

[14:06] {Geo} ahhhh

[14:06] {patience} i do gold etf's, although

[14:06] {Geo} symbols?

[14:06] {patience} i'm nervous of etf's starting to have to fold some of their stuff now

[14:06] {Geo} gld?

[14:07] {patience} that's on the u.s. side right?

[14:07] {dino} y

[14:07] {patience} i don't do u.s. anymore, currency fluctuation is too volatile

[14:07] {Geo} thats UBSS 390 no budging

[14:08] {Threei}  oil 39?

[14:09] {patience} 39.04

[14:09] {patience} has gone back up

[14:09] {Geo} invalid vad?

[14:10] {Threei}  that far from trigger, I'd rather switch to scalping bounce when marketreverses

[14:11] {wishbone} don't have UBSS on level 2 in Laser

[14:11] {wishbone} . Is that something to pay for....anyone?

[14:11] {Threei}  no

[14:11] {Threei}  just one of MMs

[14:11] {wishbone} setting  in level 2?

[14:12] {Threei}  look DRYS

[14:12] {Threei}  see him at 9.73?

[14:12] {Geo} MADF disseappeared hehehehehehe

[14:12] {Threei}  .75 now

[14:12] {wishbone} ooops sorry...looking at rimm!:) thnxs Vad

[14:12] {Threei}  on RIMM he is just too far from current market

[14:13] {Geo} its there at rimm at .95

[14:13] {wishbone} ok ty Geo

[14:14] {Geo} MADF used to be madoff

[14:16] {dino} cb sm l .95

[14:17] {lisa_jay} vad u in rimm?

[14:17] {Threei}  no

[14:18] {Threei}  slept through reversal

[14:18] {lisa_jay} :-)

[14:21] {lisa_jay} false break out?

[14:21] {lisa_jay} markets

[14:23] {Threei}  it's not even breakout

[14:23] {Threei}  merely little bounce

06[14:24] * magoo slaps Threei around a bit with a large motivational manuel on how too pick trades condstantly bv recognizing setups

[14:25] {Threei}  I think I am retiring...

[14:26] {patience} magoo, aren't you a little nervous meeting Vad in Nassau and him teaching you some water therapy at the beach

06[14:26] * magoo slaps Threei around a bit with a large large book about how to enjoy golden years of retirement thru running daytrading scalp room

06[14:26] * Threei makes a mental notice of necessity to master and perfect waterboarding techniques

[14:27] {magoo} i cant find any bus tickets to nassau yet

[14:27] {patience} uh huh, i believe you

[14:27] {Threei}  that's because it's only accessible by street-car

[14:28] {lisa_jay} amzn

[14:28] {lisa_jay} sorry...too many screens to type into...

[14:41] {dptl} .

[14:48] {dino} cb stopped -.37

[14:49] {dino} sso bottom yesterday around 23.84

[14:49] {magoo} VADDDDDd

[14:49] {magoo} bouncers??

[14:49] {Threei}  I'd feel more confident about that if we made one more sharp leg down

[14:50] {Threei}  all we are getting on this selloffs is a few cents bounce

[14:50] {Threei}  not worth the risk

[14:51] {dino} wait magoo

[14:51] {dino} 3:35 for the bounces

[14:52] {ese} have a great rest of the day all....have shoppin g to do see ya tamara.

[14:52] {Threei}  take care ese, drive carefully

[14:52] {Threei}  they promised more of this white stuff

[14:52] {ese} will do

[14:53] {lisa_jay} bye Ese

[14:53] {dino} cya es

[14:53] {patience} bye ese

[14:53] {wishbone} take er easy ese

[14:53] {dino} that guy's fast

[14:58] {Threei}  wish... how does your Murano hegotiate this slush?

[14:58] {wishbone} wicked...had to put er in AWD a couple times....you?

[14:58] {Threei}  well, mine is Winnipeg-trained {G}

[14:59] {wishbone} lol

[14:59] {Threei}  it runs AWD automatically

[14:59] {Threei}  turns

[14:59] {wishbone} no button on lower console?

[14:59] {Threei}  yes

[15:00] {dino} panl

[15:00] {Threei}  I just found out it always turns it on before I can when road conditions warrant it

[15:00] {wishbone} hmmm

[15:01] {Threei}  had to switch to L though to get out of my residential

[15:01] {Threei}  and being a good neighbor, made couple circles to pack the snow for smaller cars

[15:01] {wishbone} oh.....nice

[15:02] {lisa_jay} Dino, what are the key reversal times that you look at.  Thanks.

[15:07] {dino} 2:00 it's been falling hard and 3:35-40 it's benn closing up hard (80-100 pt moves)

[15:07] {dino} benn=been

[15:08] {dino} 857 s&p lod yesterday, 1169 ndx, 8519 dji, watch them imo

[15:08] {dino} dji 8372

[15:09] {lisa_jay} thank you.

[15:09] {dino} np

[15:11] {dino} perhaps everybody wants to get in front of the 3:35 train

[15:12] {lisa_jay} looks like that

[15:14] {Threei}  lisa, if you want nicely shaped double bottom, RIMM shows just that

[15:14] {lisa_jay} Ok, thanks vad.

[15:15] {Geo} hmmm

[15:15] {Geo} nice shaped double bottom

[15:15] {Threei}  hmmm

[15:15] {Threei}  sounded better before I said it

[15:16] {magoo} give me a winner for 1000 bux into bell vad

[15:17] {Geo} 350 here pls

[15:17] {Threei}  1000 is a bit too much.... but if haven;t hated DRYS so much you would take .70 break just now

[15:17] {Threei}  big offer

[15:19] {magoo} u can do better than that boss

[15:22] {patience} magoo, you have heard the expression 'floaters

[15:23] {Threei}  RIMM bounce area is around .60 this time

[15:23] {magoo} i like that :)

[15:23] {patience} oops, i was thinking that, how did that suddenly appear in type

[15:24] {Threei}  in, stop under .50

[15:24] {Threei}  ugh, don't chase

[15:25] {Threei}  too fast

[15:25] {lisa_jay} whrere u in from?

[15:25] {Threei}  .58

[15:25] {Threei}  just a scalp so no chasing that far

[15:26] {Threei}  and missed exit while typed, lol

[15:26] {Threei}  anywat, stop under .50

[15:26] {lisa_jay} sorry

[15:26] {Threei}  nah, I missed it while typed stuff before your question :)

[15:27] {Threei}  out

[15:27] {Threei}  .70

[15:27] {lisa_jay} ok, now that is how you scalp Lisa!

[15:27] {Threei}  ecept no incessant typing between entry and exit, lol

[15:28] {magoo} nice vad

[15:28] {Threei}  you don't know best part yet maags

[15:28] {magoo} full lot?

[15:28] {Threei}  never thought I would do ever this but

[15:28] {Threei}  double lot

[15:29] {Larisa1} double lor and you are typing in between ?  careful vad :)

[15:29] {magoo} magoo faints..heads smacks keyboard..buys doublre lot goog while he is unconscious

[15:30] {Threei}  yeah, that wasn't very smart of me

[15:30] {patience} magoo, if you are going to do one of your extreme trades, wait a sec, i'll get a glass of wine and watch you

[15:30] {Threei}  RIMM really changed its wicked ways

[15:30] {patience} used to love watching magoo's friday afternoon trades

[15:30] {Threei}  still a great trader but so much more manageable

[15:31] {patience} Rimm or magoo?

[15:31] {Larisa1} lol

[15:31] {Threei}  magoo is unmanageable

[15:32] {cosmo} PALM's up ... in a cup&handle ... could get hot...

[15:33] {cosmo} at .67

[15:33] {Threei}  and yesterday high is nearby, .71

[15:33] {Threei}  interesting find cosmo

[15:33] {cosmo} a bail out play...

[15:36] {Threei}  watching for another bounce from under .70

[15:36] {Threei}  RIMM

[15:36] {Onix} ty Vad, i got 20c in RIMM

[15:36] {Threei}  wtg onix

[15:36] {magoo} in rimm .49

[15:37] {dino} wtg

[15:37] {lisa_jay} nice Onix

[15:37] {Threei}  .49?

[15:38] {magoo} freak..i in AAPL

[15:38] {magoo} mistake

[15:38] {magoo} watching aapl

[15:39] {Onix} ty

[15:41] {magoo} out 

[15:41] {magoo} dummy

[15:41] {Threei}  in

[15:41] {Threei}  .66

[15:41] {Threei}  stop under .60, very tight

[15:43] {Threei}  CFTC HAS REPORTEDLY APPROVED PROPOSAL FOR CLEARING OF CREDIT DEFAULT SWAPS

[15:43] {dino} cb sm l .35

[15:43] {Threei}  CME is probably beneficiary

[15:44] {Threei}  tough one to trade

[15:47] {Threei}  half out RIMM .75

[15:47] {Threei}  just to rewduce the risk

[15:47] {Threei}  takes a bit too long

[15:47] {dino} ok's cme credit deriviatives clearing plan, cyber

[15:48] {Threei}  moving

[15:48] {Threei}  horrific spread

[15:49] {dino} y

06[15:50] * Threei kicks RIMM in the rear

[15:50] {dino} will watch cme tomprrow

[15:50] {dino} tomorrow

[15:51] {Threei}  you think its spread improves overnight?? :)

[15:51] {magoo} ive seen it go 10 points in last 10 minutes before

[15:51] {magoo} dangerous

[15:51] {magoo} safer taking 2k goog

[15:52] {lisa_jay} Thanks Vad, got 9c on Rimm

[15:52] {Threei}  see? it's easy

[15:52] {dino} thing is risky, but news seems good, was 225 a few days ago

[15:53] {dino} 2 days ago

[15:53] {lisa_jay} Only when you call em Vad.

[15:55] {patience} last hour trading volumes getting impressive these days, more overnight trading happening

[15:56] {dino} all those traders thrown out of work at the big boys patience

[15:56] {patience} i guess dino

[15:56] {dptl} have a good evening all

[15:56] {patience} i've put in overnight sell orders

[15:56] {dino} we may see a new rise of the daytrader

[15:56] {Threei}  take care dp

[15:56] {patience} let's see how they do with risk when its their money dino...

[15:56] {patience} bye dp

[15:57] {dino} lol patience

[15:57] {dino} cya dp

[15:57] {lisa_jay} Thanks everyone.

[15:57] {dino} cya lj

[15:57] {Threei}  out RIMM balance .

[15:57] {Threei}  .78

[15:57] {wishbone} bye lisa

[15:57] {Threei}  time ran out on me :)

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {Larisa1} bye all

[15:58] {patience} thanks all

[15:58] {dino} cya vadster

[16:00] {dino} out cb .60, +.25

[16:02] {magoo} good nite vad..all

Dec 22 2008

Was I due to a losing day or what. Nothing worked today, couple scalps couldn't offset small but numerous stops. Oh well. Low volume days tend to do that to me. Normal trading is not likely to restore until after the holidays.

Session Time: Mon Dec 22 00:00:00 2008

[07:26] {Threei}  *TED SPREAD OPENS AT 147BPS V 150BPS PRIOR; LIBOR-OIS SPREAD AT 125BPS V 130BPS PRIOR

[07:26] {Threei}  - Ted Spread at its lowest level since Sept 12th

[07:49] {Threei}  *TED SPREAD OPENS AT 147BPS V 150BPS PRIOR; LIBOR-OIS SPREAD AT 125BPS V 130BPS PRIOR

[07:49] {Threei}  - Ted Spread at its lowest level since Sept 12th

[08:09] {Threei}  BALTIC DRY BULK INDEX FALLS 2.1%

[08:21] {Threei}  FMCN

[08:21] {Threei}  ANNOUNCES AGREEMENT TO COMBINE ITS DIGITAL OUT-OF-HOME BUSINESS WITH SINA

[08:21] {Threei}  - entered into a definitive agreement with SINA Corporation (Nasdaq GS: SINA), a leading online media company and value-added information service provider for China and for global Chinese communities, that SINA will acquire substantially all of the assets of Focus Media''s digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network. Focus Media will retain its Internet advertising division, the movie theater advertising network portion of its commercial location network and certain traditional billboards.

[08:28] {Larisa1} good morning :)

[08:28] {Threei}  Larisa :)

[08:29] {Larisa1} gm threei, no Christmas vacation for you ?

[08:29] {Threei}  canceled due to snow

[08:29] {Larisa1} chicken

[08:30] {Threei}  friends were supposed to fly in for a week

[08:30] {Threei}  spent whole day in airport, had to return home

[08:31] {Larisa1} sorru :( my friends traveld to Florida for a week through all this snow. Crazy people.

[08:31] {Larisa1} u=y

[08:31] {Threei}  we had about 20-30 cm over the weekend

[08:31] {Threei}  this is in the city that is totally unequipped for dealing with this scale of snowfall

[08:32] {Larisa1}  Spring is coming soon!

[08:32] {Threei}  well, for us in a week or two - unless global warming deepens

[08:32] {Larisa1} lol

[08:33] {Threei}  funny quip by local reporter,

[08:33] {Threei}  Victoria's three step snowfall response:

[08:33] {Threei}  1. demand that prime minister do something

[08:33] {Threei}  2. call out grief councellors

[08:34] {Threei}  3. pump Prozac directly into water supply

[08:41] {Threei}  many locals are delighted by perspective of white Christmas, which is once a ten years occurence here

[08:42] {Threei}  me, I won't get back my appetite for snowscapes for another 10 years probably

[08:46] {Larisa1} El-Erian says 2008 - crisis of financial system. 2009 - crisis of economic system. Second is better for daytrading ?   

[08:46] {Larisa1} :)

[08:50] {Threei}  sure... what else are all those with no jobs going to do but daytrade

06[08:55] * Threei slaps laserdave1 around a bit with a large ball of snow

[08:56] {laserdave1} laserdave1 knocks over threeis snowman

[08:57] {magoo} morning

[08:58] {Threei}  magoo :)

[08:58] {lisa_jay} Good Morning everyone.

[08:59] {wishbone} morning all

[08:59] {Threei}  lisa :)

[09:00] {magoo} minus 15 degrees with wind chill here

[09:01] {_elepet} good morning

[09:01] {Threei}  elepet :)

[09:02] {Larisa1} where are you located magoo? :) morning lisa, magoo, wish, elepet :)

[09:02] {lisa_jay} Hi Larisa

[09:04] {Onix} Good morning everybody

[09:05] {dawg} gm all

[09:05] {Threei}  onix :)

[09:05] {Onix} hi dawg

[09:05] {dawg} hello Onix

[09:07] {dino} gm all

[09:07] {Threei}  dawg, dino :)

[09:08] {dino} about 16" of snow fell from fri-sunday

[09:09] {patience} happy kids dino?   good morning

[09:10] {dino} y

[09:10] {dino} santa's arrival no problem now according to my daughter

[09:10] {Onix} hi dino

[09:10] {dino} :)

[09:11] {Threei}  not if he booked air, dino

[09:12] {Geo} good morning

[09:12] {tomg} good morning everyone

[09:12] {dino} lol

[09:12] {Geo} overnight rain here

[09:12] {Threei}  geo, tom :)

[09:12] {Threei}  rain?

[09:12] {Geo} yup

[09:12] {Geo} i know its tough

06[09:13] * Threei slaps Geo around a bit with a large list of sufferings caused by real precipitations

[09:13] {_elepet} here too. that's california for you

[09:15] {ese} morning

[09:15] {Threei}  ese :)

[09:15] {ese} slapped.... that would be a rude awakening

[09:15] {Onix} hi ese

[09:16] {ese} Vad part of Trade the news do you subscribe too?

[09:16] {ese} What part?

[09:16] {ese} onix

[09:16] {Threei}  just text

[09:16] {dptl} good morning all

[09:16] {Threei}  hate the constant voice, can't focus on it

[09:16] {Threei}  dp :)

[09:17] {ese} dp.....how you liken the snow so far?

[09:17] {magoo} not telling u larisa, u scare me lol

[09:17] {ese} gotcha....

[09:17] {Larisa1} :)

[09:17] {Threei}  sound has time advantage

[09:18] {Threei}  for someone who wants to catch news a few seconds earlier that would make sense

[09:18] {ese} tks

[09:18] {Threei}  back in 5

[09:24] {KSystems} good morning :)

[09:25] {Threei}  KS :)

[09:25] {Threei}  OK guys, volume is likely to low

[09:25] {Threei}  so we are in that picky mode

[09:26] {cosmo} SQNM ... ?

[09:26] {ese} ksys...

[09:27] {Threei}  no news SQNM that I see

[09:27] {magoo} vad, keep eye on RIMM see if it wants to continue 

[09:27] {Onix} hi ks

[09:27] {magoo} from friday

[09:27] {ese} tough slog ou to the exercise room vad.....you'll get your exercise just trying to make it through the snow

[09:27] {magoo} it was nice

[09:27] {cosmo} cramered ... i think

[09:28] {Threei}  lol ese

[09:28] {Threei}  RIMM, want to let it trade a bit, then see if it shapes up

[09:29] {dptl} you have snow too??? islanders

[09:29] {Threei}  yeah

[09:29] {dptl} maaan...i can't find my car anymore here

[09:29] {Threei}  lol

[09:29] {Threei}  pile of snow on wheels

[09:30] {Threei}  push alarm button on remote, see which pile of snow responds

[09:30] {dptl} lol

[09:30] {cosmo} my woody outside... al covered with snow...

[09:30] {cosmo} all

[09:31] {Threei}  DRYS bounce candidate, half lot, next leg down

[09:31] {Threei}  or .60 break if holding .50

[09:33] {Threei}  if caught it, 1:1 is reached

[09:35] {magoo} lon gQ .71

[09:37] {gen} gm everybody

[09:37] {Threei}  RIMM pullback to under .40 on watch for long entry

[09:37] {Threei}  half lot, stop under .20

[09:37] {Threei}  gen :)

[09:37] {Threei}  first strength from here

[09:37] {Onix} hi gen

[09:38] {gen} VAd Onix:)

[09:38] {Threei}  use Qs as leading indicator

[09:38] {Threei}  in .12

[09:38] {Threei}  stop under 42

[09:39] {Geo} .10

[09:39] {Geo} half out

[09:40] {Geo} stopped\

[09:40] {Threei}  yeah, wash

[09:40] {magoo} stopped Q

[09:40] {Geo} i love pten

[09:40] {Geo} copmment vad?

[09:40] {Geo} salmon

[09:41] {Geo} comment heh

[09:41] {Threei}  too low volume yet

[09:42] {lisa_jay} Stopped Rimm

[09:42] {lisa_jay} Washed.

[09:42] {Threei}  caught RIMM finally for a nice bounce but way too fast

[09:42] {lisa_jay} or Rinsed.

[09:42] {Threei}  .85 - .15

[09:43] {Threei}  market is till too nervous

[09:44] {ese} check out daily chart on SNDK

[09:44] {Threei}  10 brweak looks interesting ese

[09:44] {ese} could go along way above 10

[09:44] {ese} yes indeed

[09:46] {ese} is there news

[09:46] {ese} SNDK that is

[09:47] {Threei}  nope

[09:47] {Larisa1} SanDisk Named CES Innovations 2009 Design and Engineering Award Honoree

[09:49] {ese} tks Larisa...

[09:49] {Larisa1} yw

[09:50] {Threei} Long Setup:  MS  .40 break if stays above .30

[09:51] {magoo} in MS

[09:52] {lisa_jay} in ms

[09:55] {Threei}  come on market bounce

[09:58] {magoo} im starting to NOT believe in santa anymore

[09:59] {Geo} nawwwwww

[09:59] {Threei}  he still have couple days to convince you

[10:00] {ese} legitimate  complaint under the circumstances.....

[10:01] {Threei}  sharp pullback RIMM

[10:01] {Threei}  42 cross half lot

[10:02] {Threei}  if holding above 41.90

[10:03] {lisa_jay} r u still in MS Vad?

[10:03] {Threei}  yes

[10:05] {magoo} MS slow like this?

[10:06] {Threei}  held back by weak market

[10:06] {Threei}  can be much faster

[10:06] {Threei}  no worky

[10:07] {lisa_jay} Stopped MS.

[10:08] {Onix} stopped ms

[10:08] {magoo} stopped

[10:09] {Threei} Long Setup:  DRYS  .71

[10:09] {Threei}  stop under .60

[10:11] {magoo} vad news POT?

[10:11] {Threei}  couple downgrades

[10:11] {magoo} recent?

[10:11] {Threei}  today

[10:12] {magoo} TY

[10:12] {cosmo} poor harvest?

[10:12] {ese} just about to say that cos

[10:12] {cosmo} :)

[10:13] {Larisa1} buyers are sleeping late today 

[10:13] {Threei}  they are stuck in the snow

[10:14] {cosmo} with solstice party hang overs

[10:20] {lisa_jay} targets for Drys Vad?

[10:20] {Threei}  half at 1:1 for me

[10:20] {Threei}  holding well, want to try and milk it

[10:21] {lisa_jay} ok, thank you.

[10:21] {Threei}  watching AAPL

[10:21] {Threei}  no trade yet, but if market reverses 87 break should be nice setup

[10:23] {Threei}  ideally, want to see tighter botom to form on this pullback, and market jump up to terigger the trade

[10:23] {dino} watching rimm

[10:23] {ese} Long SNDK .66 full lot

[10:24] {ese} want to do a dino here

[10:24] {Threei}  ok... .80 - .85 support AAPL

[10:24] {Threei}  87 break long

[10:24] {dino} es?

06[10:25] * Threei kick NASDAQ in the rear

[10:25] {ese} or the Q's

[10:25] {dino} again please

06[10:25] * Threei kicks DRYS in the rear

[10:25] {dino} rimm sm l .85 risky

[10:26] {dino} too soon

[10:27] {Threei}  AAPL is invalidated

[10:27] {Threei}  maybe bounce scalp off .50

[10:29] {ese} dino don't fail me now!!!  come on SNDK.....

[10:30] {dino} aapl support pretty good around .60

[10:30] {dino} imo

[10:32] {dino} no mkt help

[10:32] {lisa_jay} Drys, stop still under .60 Vad?

[10:32] {ese} take a look at VMED's 1 min chart...... up or dn?

[10:32] {Threei}  under .65 makes sense

[10:33] {lisa_jay} thanks.

[10:34] {Threei}  half out DRYS

[10:34] {Threei}  .82

[10:35] {Geo} jpm strong

[10:35] {lisa_jay} half out .83

[10:36] {Threei}  (CA) REPORTEDLY CANADIAN CONSUMER CONFIDENCE FALLS TO LOWEST LEVEL SINCE 1981 - CONFERENCE BOARD OF CANADA

[10:37] {Threei}  die loonie

[10:37] {lisa_jay} hopefully a double bottom in NQ.

[10:37] {dino} ugh aapl, chickened out

[10:38] {Geo} in JPM from .94

[10:38] {lisa_jay} come on Drys....

[10:39] {dino} qqqq sm l .49

[10:39] {lisa_jay} Ahm...wrong way Drys..

[10:40] {lisa_jay} Stop moved to break even or still .65 Vad on Drys?  Thanks.

[10:40] {Threei}  JPM, cross back over 31 long half lot

[10:40] {Threei}  if holding above 30.90

[10:40] {Threei}  under .70, lisa

[10:42] {Geo} dna

[10:42] {Geo} roche upping offer rumor

[10:42] {Threei}  DNA

[10:42] {Threei}  STRENGTH ATTRIBUTED TO SWISS NEWPAPER REPORT THAT ROCHE MAY BOOST OFFER

[10:43] {Threei}  JPM invalidated

[10:43] {Threei}  out second half DRYS

[10:43] {lisa_jay} yup, sigh

[10:43] {dino}  markets saying "suckers"

[10:44] {magoo} bounce time now imo

[10:45] {lisa_jay} what the?

[10:45] {Threei}  deuce?

[10:46] {lisa_jay} *h*t!

[10:46] {Threei}  low volume jerkiness

[10:47] {Geo} looks like momentum scalping for 10 cents order of day

[10:48] {Threei}  watching RIMM for long if NASDAQ reverses up again here

[10:48] {Threei}  42 is nice support

[10:48] {Threei}  close to a very tight stop

[10:49] {Threei}  .10 break trigger

[10:49] {Threei}  see that big ARCA offer?

[10:50] {Threei}  that's your indication of upward-bound resolve if taken

[10:51] {Threei}  white Christmas for entire Canada first time wince 1971

[10:51] {lisa_jay} JPM still valid Vad?

[10:51] {Threei}  nah

[10:53] {magoo} like butter vad RIMM .11

[10:53] {Threei}  with any market help RIMM is going to .30 - .40 at least, quite possible higher

[10:53] {Threei}  but... market help is a big unknown

[10:53] {magoo} more like 60-.70 ino

[10:54] {Threei}  that would fall into "quite possibly higher" category

[10:54] {Geo} ino = I KNOW

[10:54] {magoo} oh he he

[10:54] {magoo} geo..means i cant type worth a shit

[10:54] {magoo} ino=IMO

[10:54] {dino} black imo

[10:55] {Geo} j/k

[10:56] {dino} black=green, magoo was confused

[10:56] {Threei}  offering half above .30

[10:56] {magoo} im waiting .63

[10:56] {Threei}  andf not telling exact price lewst magoo undercuts me

[10:57] {magoo} can change mind on a dime tho

[10:57] {lisa_jay} stop under 42 Vad?

[10:58] {Threei}  roughly

[10:58] {Threei}  RIMM requires a little padding room

[10:58] {Threei}  while 42 is chart support, its last pullback bottomed out at .97

[10:58] {Threei}  so I'd say .95

[11:01] {Threei}  DRYS, interesated in bounce if falls into 10 quikcly

[11:04] {Threei}  here comes DRYS

[11:05] {Threei}  in

[11:05] {Threei}  stop around .90

[11:06] {Threei}  come on market some intestinal fortitude?

[11:07] {Threei}  half out DRYS

[11:07] {Threei}  stop to under 10

[11:08] {Chaeron} sorry I'm late... good morning all

[11:08] {Threei}  chaeron :)

[11:08] {magoo} C :)

[11:08] {Larisa1} gm Chaeron :)

[11:12] {lisa_jay} Rimm Stopped...

[11:12] {Threei}  good boy DRYS, held 10... now break .15 to confirm double bottom and go

[11:12] {magoo} target vad DRYS?

[11:12] {magoo} .40 area?

[11:12] {Threei}  want something closer to .30

[11:14] {Geo} out rimm

[11:18] {dino} out rimmm flat

[11:18] {lisa_jay} HUN

[11:23] {Geo} sigh

[11:23] {Threei}  second half DRYS no worky

[11:23] {Geo} what were you saying about santa magoo?

[11:23] {Threei}  tooth fairy?

[11:24] {Threei}  easter rabbit?

[11:24] {Threei}  don't tell me they don't exist either

[11:25] {dino} lod's

[11:26] {dino} stages of life, you believe in santa, you don't believe, you become 

[11:26] {Threei}  wow DRYS

[11:28] {dino} sso l .00

[11:31] {dino} qqqqstopped -.16

[11:33] {ese} SNDK stopped .-16

[11:37] {dino} fwiw approaching lows of last week s&p, ndx, dji broke them

[11:40] {Geo} Note this move coming in thin trading...volume on NYSE over the first two hours today is lowest since end of August

[11:40] {Geo} from briefing

[11:51] {lisa_jay} ....

[11:55] {dptl} .

[11:56] {lisa_jay} thanks DP...thought i was disconnected.

[11:56] {Threei}  no, you are fine, that's market that is disconected

[11:57] {lisa_jay} CHS Vad, Long .80 stop below .75

[11:58] {Threei}  market seems to be waking up

[11:59] {Threei}  although volume remains so anemic

[12:00] {lisa_jay} yup, but my head hurts from being a Whack - a - mole

[12:03] {Onix} same here ... lol

[12:03] {Threei}  whiners

[12:03] {lisa_jay} :-)

[12:06] {lisa_jay} FMCN down 18%

[12:09] {ese} back long SNDK with my dino strategy .41

[12:09] {lisa_jay} FMCN jumped 30 c teleportation.

[12:10] {lisa_jay} S*i*t

[12:13] {lisa_jay} i'm pretty sure that if i had bought it at .01, it would have tanked 50c.

[12:15] {Threei}  it just did

[12:15] {lisa_jay} yeah...scary stock.

[12:17] {Threei}  feeling is, market is ready to reverse

[12:18] {Threei}  took 23 cents on FMCN

[12:18] {Threei}  .02 - .25

[12:19] {Threei}  coulnd't resist, support was holding too well

[12:19] {lisa_jay} Yea...was too chicken to buy both times...where would the stop be vad if taking .02

[12:19] {Threei}  just under 9

[12:19] {lisa_jay} lol..i am an extra coward.

[12:21] {ese} vad...which feature of this Trade the news do you use...The "all Scrolling headlines"

[12:21] {Threei}  thrid time is more dangerous lisa

[12:21] {Threei}  tab News Station, eswe

[12:21] {Threei}  ese

[12:22] {lisa_jay} yeah..not taking it formed lower lowor desc. triangle almost.

[12:23] {Threei}  likely to lose 9 this time

[12:24] {magoo} whgich?\

[12:24] {dino}  sm aapl l .60

[12:25] {Threei}  FMCN mags... non-shortable anyway

[12:25] {magoo} drys vad? lose 9?

[12:25] {magoo} ok

[12:28] {lisa_jay} fmcn broke.

[12:28] {Threei}  here we go FMCN

[12:30] {lisa_jay} Reason i did not go long at .01 the first and second time it tested it was that FMCN teleports and was scared it would teleport over stop.

[12:36] {lisa_jay} Drys teleporing between .30 to .40

[12:36] {Threei}  in case you were wondering,

[12:36] {Threei}  (RU) RUSSIA TO REPORTEDLY STOP PORK IMPORTS FROM CERTAIN US PLANTS

[12:36] {lisa_jay} fmcn

[12:37] {lisa_jay} sorry wrong screen

[12:37] {lisa_jay} drys

[12:37] {ese} how much of this news do you find effective vad?

[12:38] {Threei}  I don't know how to answer that ese...

[12:38] {Threei}  keeps me informed... allows to find the news on company of interest

[12:39] {Chaeron} and make jokes of the others

[12:39] {Threei}  that I can do without any help

[12:39] {ese} gotcha!!

[12:41] {Geo} i used to have it ese and they increased the price on me.

[12:41] {dino} only you geo

[12:41] {Geo} After they refused to negotiate, I moved to briefing

[12:42] {Geo} I find it adequate for what I want

[12:42] {Geo} it lags TTn by about 20-30 seconds

[12:42] {Geo} what can i say dino

[12:42] {Geo} I never get good thanksgiving deals too !

[12:42] {lisa_jay} lol

[12:43] {dino} lol geo

[12:45] {lisa_jay} vad u in drys?

[12:45] {Threei}  no... hesitated

[12:45] {Threei}  qwatching if we get pullback to .50 or under

[12:46] {lisa_jay} is that a double bottom?

[12:46] {Threei}  kind of yeah

[12:46] {lisa_jay} ok, thanks.

[12:48] {dino} fxi l sm .24

[12:53] {Threei}  ugh

[12:53] {Threei}  never got my pullback and missed a play completely

[12:53] {lisa_jay} pulled to .55 only

[12:54] {magoo} i missed a fill at .70

[13:03] {Threei}  grrr

[13:14] {Threei}  FNF

[13:14] {Threei}  ANNOUNCES CHAPTER 11 BANKRUPTCY COURT APPROVAL OF AMENDED STOCK PURCHASE TERMS AND NEBRASKA REHABILITATION ORDER TO RELEASE COMMONWEALTH LAND TITLE AND LAWYERS TITLE FROM REHABILITATION

[13:14] {Threei}  huh?

[13:15] {Chaeron} something about Nebraska lawyers needing rehabilitation?

[13:15] {Geo} why nebraska?

[13:15] {Geo} i thought all did?

[13:17] {Threei}  lol

[13:17] {Geo} ok my scanners dead

06[13:18] * Geo checking if he paid up the subscription

[13:18] {Threei}  I even tried to sprinkle the monitor with vodka

[13:18] {Threei}  no help

06[13:18] * dptl slaps Threei around a bit with a large trout

[13:18] {Geo} i am all about the christmas spirit

[13:18] {Geo} drinking spiked eggnog since 9

[13:19] {ese} hard core!

06[13:21] * Geo passes the cups around

[13:22] {ese} paper?

[13:24] {Geo} waterford for you ese

[13:26] {Geo} vad........ no russian jokes?

[13:26] {Threei}  only funny ones geo, and I am not telling those

[13:26] {Geo} sheesh

[13:26] {Geo} yup you have a track record to protect

[13:27] {Threei}  korrekt

[13:27] {Threei}  I spent years building up my reputation of being decisively not funny

[13:27] {Threei}  not going to ruin it with one uncharacteristically and unfortunately funny joke

[13:32] {Threei}  first (latest) 4 photos at http://www.flickr.com/photos/36948132@N00/, for your seasonal viewing pleasure

[13:33] {Threei}  DRYS is back into .50 support

[13:33] {KSystems} is that your tree @home?

[13:33] {Threei}  yup

[13:35] {lisa_jay} Anyone green for the day?

[13:36] {dptl} my christmas tree :) Lisa

[13:37] {lisa_jay} You need to hang some lights on it.

[13:37] {dptl} they all green

[13:38] {lisa_jay} Nice...a reflection of your trading account.

[13:38] {dptl} well......not really lol

[13:44] {ese} not I...down -.18 on full lot

[13:48] {Larisa1} HIG faster selling off 16.50 support, not sure if good for a bounce in this market

[13:49] {Threei}  hard to tell here

[13:56] {dino} fxi stopped

[14:01] {Threei}  one of those days when you wonder why you bothered to wake up

[14:02] {Onix} so true

[14:03] {Geo} .

[14:07] {Geo} -1X here lisa

[14:07] {Geo} dont know if its the market or the eggnog

06[14:07] * Geo doesnt think its him

[14:14] {Threei}  GEOY

[14:14] {Threei}  S&P RAISES RATING TO B

[14:15] {dino} agree 3i

[14:18] {Threei}  HIG's back to 16

[14:18] {Threei}  bounce candidate if market bounces

[14:18] {dino} ok, s&p, ndx, dji all have broken last weeks closing lows (monday)

[14:21] {dino} ouch axys

[14:25] {dptl} so .10 long hig?

[14:26] {Threei}  no

[14:26] {Threei}  it's not a play on its own merit

[14:26] {dptl} i see

[14:26] {Threei}  if market reverses, get HIG

[14:27] {Threei}  whereever it is at the moment

[14:27] {lisa_jay} market selling off but Hig holding 16

[14:27] {Threei}  good

[14:28] {Threei}  makes it better bouncer if market reverses

[14:39] {Threei}  just nothing happens today

[14:39] {Threei}  Santa is drunk somewhere on Nort Pole

[14:39] {Threei}  HIG lost support

[14:39] {Threei}  DRYS won't uptick

[14:39] {dptl} can't understand that hig.........stopped

[14:41] {lisa_jay} Vad, i took .05 on HIG, it went as high as .15...then stopped out .98

[14:41] {Threei}  you had almost 1:2 then

[14:41] {Threei}  why not scalp or partial?

[14:42] {lisa_jay} Yup...did not take it.  I seem to have a problem with greed, looking for .20 on trade.

[14:42] {Threei}  on a day when nothing moves at all?

[14:43] {lisa_jay} Where would you recommmend partialling out.  Thanks.

[14:43] {Threei}  too general

[14:43] {Threei}  every market is different

[14:43] {Threei}  nothing goes much today, why stick aroundf too long

[14:44] {lisa_jay} In a choppy market, and catching bounces, partialling out at 1:1 (or slightly less)?

[14:44] {Threei}  pretty much, until market shows more follow through

[14:45] {Threei}  slightly more than an hour left, and volume is half of Friday's

[14:46] {Threei}  there are just no players to make this market readable

[14:46] {Larisa1} market just waiting untill all traders lose hope and interest. Stay alert :)

[14:47] {Threei}  I need scotch tape to keep eyelids open then

[14:48] {Larisa1} Geo can pinch you from time to time

[14:48] {Threei}  I am not taking any pinching from males

[14:48] {lisa_jay} I am not pinching...but my kids say i have a voice like a whip.

[14:48] {Larisa1} lol

[14:49] {Threei}  as long as we have text only room... fine with me :)

[14:49] {lisa_jay} Hig really wants to go...Market do your thing.

06[14:51] * Geo text only pinches vad

[14:52] {Threei}  see that 2x4 spinning above my head geo?

[14:53] {Geo} larisa made me do it

[14:53] {Threei}  that's my natural defences agains male advances

[14:54] {Threei} Long Setup:  DRYS  .50 break if stays above .40

[14:54] {magoo} in DRYS

[14:55] {Threei}  come on, last hour rally

[14:58] {lisa_jay} in .51

[14:59] {Threei}  jeez

[14:59] {Threei}  if this one is stopped, I give up

[14:59] {Larisa1} we did not even consider any shorts today because of traditional Santa rally expectations ?

[14:59] {Threei}  ok, I give up

[15:00] {Threei}  irreparable day

[15:01] {Threei}  I am not comfortable shorting boring low volume market

[15:01] {wishbone} why is low volume bad vad?

[15:01] {Threei}  rallies appear out of nowhere in such environemnt, and their speed and strength can be devastating

[15:01] {Larisa1} can explode any time

[15:01] {wishbone} ok ty

[15:02] {Threei}  none came today

[15:03] {Geo} stopped

[15:03] {wishbone} ist have day seemed like typical bear action: quick to fall, slow to climb

06[15:03] * Geo taking jug of eggnog and going home

[15:03] {dino} good idea

[15:13] {Threei}  even jumper FMCN stalled

[15:15] {Threei}  that was rude DRYS

[15:17] {Onix} absolutely!

[15:22] {peterg} ok boring low volume mket good mornng all, i mean afternoon

[15:22] {Threei}  EPIX

[15:22] {Threei}  ANNOUNCES FDA APPROVAL OF VASOVIST (GADOFOSVESET TRISODIUM)

[15:22] {Threei}  - Approved for marketing its novel blood pool magnetic resonance angiography (MRA) agent, Vasovist (gadofosveset trisodium), to evaluate aortoiliac occlusive disease (AIOD) in adults with known or suspected peripheral vascular disease. AIOD occurs when iliac arteries become narrowed or blocked and may prevent the sufficient transport of oxygen and/or blood throughout the body.

[15:22] {Threei}  hi peter

[15:23] {peterg} Checking in from seven mile beach with a lousy connection, so instead of trading, I have to drink

[15:23] {Threei}  much better choice as far astoday is concerned

[15:23] {peterg} 85 degrees sunny soft waves laving the beach

[15:24] {dino} poor guy

[15:24] {Threei}  we hate you

[15:24] {wishbone} lol

[15:24] {Geo} life is tough

[15:24] {peterg} could be worse.

[15:24] {Larisa1} we love our snow.  it is very soft and wavy too.. right vad ?

[15:25] {peterg} Yah, minnesota is snow socked--just got out in time.

[15:25] {peterg} btw, what time is it EST?

[15:26] {Larisa1} 3:26

[15:26] {peterg} thank larisa

[15:26] {Larisa1} yw

[15:26] {wishbone} Larisa are u in victoria too?

[15:27] {Larisa1} no, I am in Mochigan

[15:27] {Larisa1} o=i

[15:27] {wishbone} ok

[15:28] {peterg} fellow Midwesterner

[15:29] {Larisa1} vad, can RIMM bounce with a market, was fighting all day

[15:30] {Larisa1} or we gave up ?

[15:33] {Threei}  doesn't look like it has fighting chance

[15:38] {Threei}  sudden jump in the market

[15:41] {Threei}  I guess i asked for a losing day for quite a while

[15:41] {lisa_jay} :-)

[15:41] {Threei}  should have gotten it finally sooner or later, lol

[15:41] {lisa_jay} Hope it is out of your system now.

[15:41] {Threei}  lol

[15:41] {Threei}  good one

06[15:41] * Geo slaps Threei around a bit with a large unjinxing roll of cash

06[15:42] * Threei humbly takes beating

[15:42] {lisa_jay} I should have waited for you to have a losing day before trading with size.

[15:42] {Geo} wo

[15:42] {Geo} dont know hot to respond

[15:42] {Geo} HOW

[15:43] {dino} 3:40 jump as usual 3i

[15:43] {Threei}  3 minutes too early today

[15:44] {Threei}  Larisa was right on RIMM

[15:44] {Threei}  this news put me ioff, don't know what to make off it:

[15:44] {Geo} she cant reply

[15:45] {Geo} she is busy counting money

[15:45] {Threei}  CERTICOM BOARD(CIC.CA) RECOMMENDS REJECTION OF 'SIGNIFICANTLY' UNDERVALUED HOSTILE BID FROM RIM

[15:45] {Threei}  - After a thorough review involving both the Special Committee of independent directors and its financial and legal advisors, the Board found the RIM bid to be significantly undervalued, opportunistic and not in the best interests of Certicom shareholders.

[15:45] {Threei}  - Among other things, the Board found that, at $1.50 per share, the RIM offer does not provide fair value for Certicom''s cash on hand and the significant potential tax assets that could be available to a taxable Canadian corporation - such as RIM. Further, RIM''s hostile bid undervalues both Certicom''s valuable and unique industry-leading data encryption technology and the recent progress the Company has made in implementing its strategic plan.

[15:45] {Threei}  and DRYS... you WERE rude to us today

[15:45] {Larisa1} RIMM under 41 was due for a bounce with any market strength. too bad market is too freaky today

[15:46] {peterg} what hapened RIMM? no laser connection rrrrrr

[15:46] {Geo} umm peterg

[15:46] {Geo} you on cayman

[15:46] {Larisa1} lol

[15:46] {peterg} yah

[15:46] {Geo} its kinda sad if youre worrying aboutlaser

[15:46] {Geo} lol

[15:47] {Threei}  went up almost a buck right after Larisa aksed about its bounce and I said don't thnk so, lol

[15:47] {peterg} ah!

[15:47] {Geo} enjoy for us peterg !!!!!!!!!!

[15:47] {peterg} with pleasure, but life is of course always life. blah balh

[15:47] {peterg} hlah blah

[15:48] {dino} hmmm, not sure what to make of that

[15:48] {peterg} me either

[15:48] {peterg} I'll spare you the dark analysis of the meaning of everything.

[15:48] {dino} ty

[15:49] {peterg} So, in paradise, son is having endless fights with girfriend via computer and mopng and sulking bigtime.

[15:49] {Geo} lol

[15:50] {Threei}  how old is he??

[15:50] {Geo} how 

[15:50] {Geo} lol

[15:50] {peterg} Am not allowed to knock him out; he would knock me out. 

[15:50] {peterg} 18 freakin years ld old

[15:50] {peterg} but 12 in heart

[15:50] {dino} ahhh, now i get it

[15:50] {peterg} good kid but geez

[15:50] {dino} teva smackdown

[15:51] {dino} explain about girl #3

[15:51] {peterg}  ah well enjoy! Ill see you tmorow! Good idea dino

[15:51] {Threei}  take care peter, enjoy

[15:51] {dino} he doesn't know her yet but she's out there and better than 1 &2

[15:51] {Threei}  I am afraid to ask about #4

[15:51] {dptl} have a good evening all

[15:51] {peterg} tks ill check back. right one dino

[15:51] {Threei}  take care dp

[15:52] {Threei}  argh DRYS

[15:53] {magoo} I HATE DREYS

[15:54] {Threei}  FDA ISSUES WARNING ABOUT 25 WEIGHT LOSS PRODUCTS CONTAINING UNDECLARED ACTIVE PHARMACEUTICALS

[15:55] {Threei}  serious move on that FDA approval, EPIX

[15:56] {wishbone} ty vad and all.

[15:56] {wishbone} have a good nite

[15:56] {Threei}  take care wish

[15:57] {Larisa1} 3 min to go positive :)

[15:57] {Threei}  lol

[15:58] {Geo} got bumped

[15:58] {lisa_jay} Did you take the Rimm trade Larisa?

[15:58] {Larisa1} I am not trading until jan 1th. Just watching for now

[15:59] {gen} bye everyone

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

[16:00] {lisa_jay} Thanks Vad.  Bye everyone.

[16:00] {Larisa1} bye

[16:00] {Geo} bye all

[16:01] {dino} think, think, think

[16:01] {dino} patience, last two months markups, 3 days each huge moves, do they happen again