January 22, 2008

Session Start: Tue Jan 22 00:00:00 2008

Session Time: Tue Jan 22 00:00:00 2008

[05:21] {Threei} FED CUTS TARGET RATE 0.75 PCT TO 3.50%
[05:22] {Threei} 60 points jump NQ in 3 min
[05:23] {hawkfan4} they're just trying to ruin a perfectly good crash
[05:23] {Threei} no kidding
[05:30] {dino} gm all
[05:31] {Threei} dino :)
[05:31] {patience} morning RT, you missed a profitable day on the toronto market yesterday
[05:32] {dino} go ahead rub it in, :)
[05:32] {patience} well....vad showed up to chat briefly but i was trading alone to the rolling stones
[05:33] {dino} gj patience
[05:33] {patience} laughing, today will be good
[05:33] {dino} should be, a bit of chaos
[05:34] {dino} thought we had a black swan on our hands earlier
[05:34] {Threei} we would if not for this intervention
[05:34] {Threei} still may
[05:34] {dino} indeed
[05:34] {Threei} even with this cut and market jump, there are a lot of margin call sales lurking
[05:35] {Threei} and a lot of "let's dump while there is a rally" sellers
[05:35] {Threei} scared by constant barrage of "this is bear market that is here to stay" heandlines
[05:36] {Threei} FED'S POOLE: DID NOT VOTE FOR CUTS, DID NOT THINK JUSTIFIED AHEAD OF JAN 29-30 MEETING
[05:36] {Threei} I agree with him
[05:37] {Threei} knee-jerk reaction that is likely to make things worse
[05:37] {dino} problem is, they are expecting another cut in 7 days
[05:38] {Threei} that's bad
[05:38] {Threei} at the moment when it would really make a difference they are going to be out of ammo
[05:38] {dino} thats what i'm thinking
[05:39] {dino} brb
[05:39] {Threei} and it smacks of desperation too much
[05:40] {Threei} effect is going top be lessened by darl emotions prevailing in the markets,
[05:41] {Threei} and when the crowd is ready, feds won't be there with real help since they spent their capital reacting on market moves which is not their mandate
[05:43] {Threei} for those who for this or that reason is interested in Cnada:
[05:43] {Threei} (CA) PREVIEW: BANK OF CANADA INTEREST RATE DECISION EXPECTED AT 9:00AM ET (14:00 GMT)
[05:43] {Threei} - Note: The surprise move by the FED earlier today is increasing speculation that perhaps the BOC could lower interest rates by more than 25bp
[05:43] {Threei} I suggest to cut by .5 and play "who outcuts who"
[05:44] {Threei} be back in 5
[05:47] {cosmo} QID pre mkt high = 53 fyi
[05:48] {cosmo} ... maybe another rate cut... hehe
[05:50] {Threei} today?? :)
[05:50] {cosmo} whynot?
[05:50] {magoo} morning
[05:50] {Threei} magoo :)
[05:54] {Threei} NQ sold off almost to where it was before rate cut
[05:55] {Threei} likely to bounce soon
[05:55] {Threei} this is a good moment for another rate cut cos :)
[05:56] {cosmo} Canada next?
[05:56] {Threei} yes
[05:56] {cosmo} thx
[05:59] {Threei} futs agree with me... if fed wanted to fix market, timing is bad
[05:59] {Threei} and if they, as they claim, want to fix overall situation in economy, why the emergency
[06:00] {cosmo} human nature?
[06:00] {Threei} (CA) BANK OF CANADA CUT INTEREST RATES BY 25BP TO 4.00%, AS EXPECTED
[06:00] {cosmo} not enough...sigh
[06:01] {dptl} good morning all
[06:01] {Threei} dp :)
[06:07] {bruce} how to trade today?
[06:07] {bruce} market will be very volatile
[06:08] {Threei} lightlty
[06:09] {Threei} high running emotions, big waves, quite possible order execution issues
[06:09] {bruce} can we go short ben bernanke?
[06:09] {Threei} keep calm and stay away from anything that is likely to hurt much if goes wrong
[06:10] {Threei} this is the day that is going to be regarded as historic, kind of how we mention crash of 1987
[06:11] {Threei} unlike that one though, this is not likely to be over quickly
[06:11] {cosmo} unless there's a halt
[06:11] {Threei} days like this are enticing you by mirage of big money to make
[06:11] {Threei} and much more likely to hurt you badly if you are overly active
[06:11] {bruce} big money? - thats for me
[06:12] {esemde} morning...what happenin
[06:12] {magoo} historic...but...as in the opportune time to go long or a suckers entry...??i dunno
[06:12] {Threei} ese :)
[06:12] {magoo} open mind
[06:12] {bruce} we're discussing end of world ese
[06:13] {esemde} futures down big...
[06:13] {Threei} thread lightly, use your natural advantage over investors:
[06:13] {cosmo} waiting to see global rate cuts here...
[06:13] {Threei} unlike them, you do NOT have to trade
[06:13] {Threei} they habve no choice, they are in the markets
[06:13] {Threei} you do, you can stay on a sideline while there is blood on the street
[06:14] {Threei} don't feel like you have participate in each and every battle
[06:14] {Threei} money not lost is money made on a day like this
[06:15] {Threei} see how futs returned to pre-cut level?
[06:15] {bruce} yes - noticed that already
[06:15] {Threei} this is a good sign that it's going to get worse before it gets better
[06:15] {bruce} not a good sign for a bounce
[06:15] {bruce} blood on the streets
[06:16] {Threei} don't be anxious to jump in, adopt liberating state of mind
[06:16] {cosmo} QID relaxing ... needs to break 51.50
[06:16] {Threei} which for today is:
[06:16] {bruce} does this affect your entry's dino?
[06:16] {Threei} everyone is losing money left and right, I am the lucky one, I can wait for the clearer moment to pounce
[06:17] {bruce} bigger stops today vad?
[06:17] {Threei} no way as far as I am concerned
[06:18] {Threei} with this volatility and possible execution problem, it can turn much worse than you imagine
[06:19] {Threei} no profit is too small today, any money made is to be framed, hang on the wall and labeled "made on a day when the world lost"
[06:19] {patience} largest aussi brokerage had to shut down for 30 minutes, traded in 1 hour what they normally trade in 1 day
[06:19] {patience} i don't expect great performance from my brokerage in the first hour
[06:20] {Threei} even the sharpest brokerage can be affected easily today
[06:20] {Threei} bottleneck can be beyond their sphere of influence
[06:20] {Threei} grab the popcorn, enjoy the show, thread lightly
[06:21] {Threei} wear "I am detached observer" cap
[06:21] {cosmo} when in trouble, when in doubt, run in circles, scream and shout
[06:21] {esemde} this a good day to short stuff Vad
[06:21] {Raven} lol cosmo :)
[06:22] {cosmo} :)
[06:22] {Raven} sheesh
[06:22] {Threei} maybe ese... maybe not... stuff is down huge,
[06:22] {Threei} likerly to go down more
[06:22] {Threei} but direction is not the main theme for today
[06:22] {Threei} volatility is
[06:23] {Threei} view any call made today as optional
[06:24] {magoo} is there a limit to reach where they? can halt US markets?
[06:24] {Threei} you are likely to perform better today if you take all this as fun rather than attempts to make money
[06:24] {magoo} that would be a nightmare caught short position,
[06:24] {patience} yup, every 1000 points, dow rules apply
[06:24] {patience} down 4000 and they shut the door for the day
[06:24] {Threei} don't remember circut breaker rules for NASDAQ
[06:25] {magoo} they let it tank 4000 points before shutdown entire day??
[06:25] {Threei} http://www.nasdaqtrader.com/trader/help/circuitbreaker.stm
[06:26] {esemde} no confidence in Ber nackers abviously....today
[06:26] {patience} yes magoo
[06:26] {Threei} NASDAQ has agreed, upon the request of the Securities and Exchange Commission, to halt domestic trading in all NASDAQ® securities and all equity and equity-related OTC securities should the NYSE declare a market-wide trading halt
[06:26] {magoo} wow
[06:26] {bruce} is that an announcement vad?
[06:27] {Threei} ?
[06:27] {Threei} The point-decline thresholds at which trading is halted change every quarter, so that those thresholds may accurately reflect the current market. The thresholds are percentage-based levels of 10%, 20%, and 30% declines in the Dow. The actual numerical points will be determined based on the state of the market each calendar quarter. For the first quarter of 2008, as shown in the table above, the thresholds are 1350-, 2700-, and 4000-point de
[06:27] {Threei} I showed link above bruce
[06:27] {Threei} this is rules under which markets operate
[06:27] {bruce} k
[06:28] {Threei} "cause no harm" is your slogan for today
[06:28] {bruce} tighten seat belt folks
[06:28] {magoo} trading helmets, googles
[06:29] {cosmo} hans device here
[06:29] {Threei} market under pre-cut level
[06:29] {bruce} lots of lovely shorts
[06:29] {bruce} q's
[06:29] {bruce} amzn
[06:30] {bruce} csco
[06:30] {bruce} whould we wait for market to settle?
[06:30] {Threei} relax bruce
[06:30] {Threei} and re-read again everything I posted above
[06:30] {bruce} Iam relaxed
[06:31] {dino} bruce, sorry about delay, yes, i am different today, sitting for awhile, shake things out a bit imo
[06:31] {magoo} we need to live today to trade another day
[06:31] {Threei} why would you want to jump on things like AMZN, very volatile even on normal day, at the open of such day as this?
[06:31] {dino} rule #1 ; you must stay on the game
[06:32] {dino} in
[06:33] {dino} we under 52 week low dji
[06:33] {Threei} look at AMZN range for the last 2 minutes
[06:33] {Threei} 72.20 - 74
[06:33] {dino} dji want 11,500 min
[06:34] {magoo} howes volume anyon?}
[06:36] {dino} 3.7
[06:37] {esemde} following my solar crew......
[06:37] {Threei} watching NQ/QID
[06:37] {Threei} to go long QID
[06:38] {magoo} DL vad lol?
[06:38] {Threei} no need to say "small shares", right?
[06:38] {Threei} lol mags
[06:39] {Threei} one more leg down, desirably close to 61.50
[06:39] {magoo} er 51.60
[06:40] {Threei} yes :)
[06:40] {magoo} just working with u boss
[06:40] {Threei} not in yet
[06:40] {magoo} no critique
[06:40] {Threei} ty
[06:41] {Threei} .67 low so far
[06:41] {bruce} how do you get that retracement entry trigger vad?
[06:41] {dino} fslr sm l 155.30
[06:41] {dino} wide risky
[06:41] {Threei} get ready, big leg is coming
[06:41] {magoo} vad. i feel more upside qqqq here
[06:42] {dino} out 160.30 +5.00
[06:42] {Threei} finger on a trigger
[06:42] {patience} dino gets first gold star of the day
[06:42] {bruce} wow dino
[06:43] {dino} lucky
[06:43] {Threei} in .33
[06:43] {dino} should've help, lol
[06:43] {Threei} .19 stop
[06:43] {dino} held
[06:43] {Roman} ESLR long
[06:44] {Roman} MBI long radar
[06:45] {esemde} whats your entry roman
[06:46] {Roman} 10.45
[06:46] {esemde} tks
[06:46] {esemde} i've bstop at .60
[06:46] {Threei} out half .55
[06:47] {Threei} .25 stop for the balance
[06:47] {Roman} in MBI super small 11
[06:47] {Threei} out balance
[06:48] {dino} seems too easy for that to be captulation in markets
[06:48] {Threei} what, no takers?
[06:48] {esemde} long eslr 1/2 lot .65
[06:52] {dino} de wants to go positive
[06:52] {dino} nyx too hmm
[06:52] {Roman} C long setup
[06:52] {Roman} citigroup
[06:53] {Threei} KLAC 43 break long if stays above .75
[06:53] {Roman} out ESLR +.50
[06:54] {dino} cyber cx issues, careful
[06:54] {esemde} out ESLR .91 =+.26
[06:54] {patience} nice ese
[06:55] {dino} gj ese
[06:55] {Threei} in KLAC aggressively
[06:56] {Threei} .69 stop
[06:56] {Roman} out MBI
[06:56] {Roman} -.08
[06:56] {magoo} are arca quotes good today??
[06:57] {esemde} tks
[06:57] {esemde} definately want to swing long on solars when this is over....
[06:57] {bruce} looks like lots of resistance at 43 in it vad
[06:58] {Threei} out
[07:00] {Roman} short GOLD
[07:00] {Roman} 42.22 super small
[07:03] {Roman} SOLF
[07:03] {Threei} QID short small
[07:03] {Threei} stop 51.21
[07:03] {Roman} long solf super small 16.15
[07:05] {Threei} *JAN RICHMOND FED MANUFACTURING INDEX:-8 V -5E
[07:09] {bruce} shld dino
[07:10] {esemde} l ESLR again .85
[07:10] {Threei} NVDA .48 long
[07:11] {Threei} stop under .30
[07:13] {dino} sm ibm l 101.50
[07:13] {magoo} feels like pullbk coming imho
[07:13] {dino} sigm positive
[07:14] {dino} sorry bruce, distracted
[07:15] {esemde} me thinks your right magoo
[07:16] {dptl} stopped nvda
[07:16] {bruce} same dp
[07:17] {dino} agreeing w/magoo es? lol
[07:18] {magoo} cramer came on cnbc..said close critical
[07:18] {magoo} duh??
[07:19] {magoo} anywho..saird could see at 3:30 mkts down 600
[07:19] {Roman} cover GOLD +.48
[07:19] {magoo} he can scare poeple out
[07:19] {dino} gj rfr
[07:19] {magoo} herd mentalkity with cramer the lead buffalo
[07:19] {Threei} you mean they are not scared yet?
[07:19] {esemde} nice spread trade Roman
[07:19] {dino} yes magoo and last week he had everyone buying
[07:19] {magoo} i'm not
[07:19] {magoo} u know why?
[07:20] {dino} want a crazy call, end flat
[07:20] {magoo} always 100% cash
[07:20] {bruce} nuan short here dino?
[07:21] {dino} dk
[07:21] {magoo} vad, days like today is when luv being daytrader..cash
[07:21] {magoo} nbow pundits all calling for people to buy
[07:22] {dino} bruce, 1 at a time today for me
[07:22] {Roman} out SOLF +1.3
[07:22] {magoo} remember....wall street always always wants people in mkts
[07:22] {Threei} beauty Roman
[07:22] {dino} out ibm 102.60, +1.10
[07:22] {magoo} nice rfr
[07:23] {magoo} vad, how do we do the laser message as in..where is auto correction
[07:24] {Threei} under Level II tab
[07:24] {magoo} and should we even bother?
[07:25] {esemde} eslr above broke above daily high
[07:25] {dino} de strong
[07:28] {esemde} Vad...... opinion on the way the market is coming back?
[07:28] {esemde} sustainable
[07:28] {esemde} yes no?
[07:29] {Threei} looks so, but it can change on a dime
[07:29] {dino} my flat call looking good'
[07:29] {esemde} getting a volume feeling for that?
[07:30] {Threei} [08:34] {Threei} even with this cut and market jump, there are a lot of margin call sales lurking
[07:30] {Threei} [08:35] {Threei} and a lot of "let's dump while there is a rally" sellers
[07:30] {Threei} [08:35] {Threei} scared by constant barrage of "this is bear market that is here to stay" heandlines
[07:31] {dino} what does the beer market have to do w/it?
[07:31] {esemde} everythang man...everthing!!!!
[07:31] {magoo} qid long somewhere vad?
[07:32] {Threei} if you think we are done going up, sure
[07:32] {Threei} but, are we?
[07:32] {magoo} i wanna know what u think
[07:33] {Threei} sigh
[07:33] {Threei} you should know better, don't you? :)
[07:34] {magoo} anyione using arca quotes in laser here??
[07:34] {magoo} never mind they are bad
[07:34] {Threei} mine is off from last week
[07:35] {magoo} i just tried them...BAD
[07:35] {magoo} turned off now
[07:36] {dino} blog bruce
[07:37] {Threei} long QID small
[07:37] {Threei} .35 stop
[07:38] {Threei} need NQ to lose 1800
[07:40] {magoo} what entry u get?
[07:40] {Threei} .55
[07:40] {magoo} .65 here
[07:44] {dino} blog l .25
[07:46] {bruce} stop dino?
[07:46] {dino} .79 wide sm
[07:46] {bruce} k
[07:46] {bruce} in at 19 even
[07:46] {dino} beauty
[07:47] {bruce} thanx - small sto[p if fails
[07:49] {dino} fyi, everything is sm wide today, ok
[07:49] {dino} stopped blog
[07:49] {bruce} k
[07:49] {bruce} also stoppe3d
[07:49] {dino} sorry bro
[07:51] {bruce} all part of trading - no problem dino
[07:51] {bruce} lets find some wins
[07:53] {magoo} 100 shares bidu short RISKY
[07:53] {magoo} not yet..what i looking at
[07:54] {magoo} if QQQQ tanks..it will work
[07:56] {magoo} needs q tank..it will follow either way
[08:00] {bruce} sds dino?
[08:02] {dino} s&p ultra short?
[08:02] {Threei} yeah, SDS is not uour usual stock bruce
[08:02] {Threei} it's to S&P what QID is to NQ
[08:02] {dino} yes
[08:03] {patience} i trade it occasionally bruce but right now feels like dead cat bounce for awhile
[08:03] {dino} watching msft
[08:03] {bruce} thanks vad - patience
[08:04] {dino} scanner green
[08:05] {dino} msft l .00, stop .79
[08:06] {dino} going to go green on dji
[08:07] {dino} blog big old rinse
[08:08] {bruce} got msft at .02 dino
[08:08] {dino} thick, so don't expect too much, after 1/1 on your own ok?
[08:08] {dino} i am waiting at .40
[08:09] {dino} gs
[08:09] {dino} +4
[08:09] {patience} anybody know what time of day arbitrage between cross listed stocks occurs?
[08:09] {bruce} k - was my next ? - what to expect from it
[08:09] {bruce} thanx
[08:09] {dino} how did i miss my old friend
[08:09] {Roman} SPY topping
[08:09] {Roman} think short small 131.85 area
[08:10] {bruce} allout msft +.20
[08:10] {dino} what a rally
[08:10] {Threei} watching QID for scalp long
[08:10] {dino} gj bruce
[08:11] {bruce} deck is running dino
[08:11] {Roman} in SPY short
[08:11] {Roman} 131.90
[08:11] {dino} wow
[08:12] {dino} deck too strong, staying away
[08:13] {bruce} k - amzn and de also made run
[08:13] {esemde} this kind of action will create a serious market for beer dina...aka"beer market"
[08:14] {esemde} thats dino.....dina is your sister right?
[08:15] {dino} lol
[08:15] {dino} see my 10:20 flat call, almost there
[08:16] {Roman} cover SPY +.42
[08:16] {dino} gj
[08:17] {Threei} a lot of broker outage reports
[08:17] {dino} nyx green
[08:17] {Threei} laser is blemishless so far
[08:17] {magoo} agree vad
[08:17] {magoo} but arca worthless lately
[08:18] {Threei} not today's issue
[08:18] {dino} watching blog again bruce, it really jumps around
[08:18] {magoo} right
[08:18] {dino} maybe around lod for long
[08:19] {dino} cx issuies again
[08:19] {bruce} k
[08:19] {bruce} got it on sccreen
[08:20] {patience} sold my yen contracts and doubt short gold etf (HGD). i need patience for market to give trend
[08:21] {patience} double short
[08:21] {dino} patience needs patience, lol
[08:21] {patience} totally
[08:21] {dino} :)
[08:23] {Threei} ADTN getting ahead of itself
[08:24] {Threei} short small
[08:24] {Threei} stop above .60
[08:26] {dino} trying to get out of msft flat, order issues tho
[08:26] {magoo} marginable vad??
[08:26] {Threei} ?
[08:26] {magoo} gotcha
[08:27] {dino} he's laughing here vad
[08:27] {dino} who is this new magoo
[08:27] {Threei} lol
[08:27] {magoo} hes a happy guy vad, ever since u know what
[08:28] {Threei} good to hear... took me just about a year to convince him to be happy
[08:28] {magoo} yep..this is true
[08:28] {magoo} but i gotta say...lUVIN it
[08:28] {Threei} die ADTN
[08:29] {Threei} out half .12
[08:29] {Threei} +.33
[08:30] {dino} gj
[08:30] {Threei} ty
[08:31] {Threei} stop above .30
[08:32] {Threei} above .20
[08:33] {Threei} out in full
[08:33] {Threei} doesn't want to tank on 21 breakdown
[08:33] {magoo} nice vad
[08:34] {dino} markets order delays, down we go
[08:38] {dino} brb
[08:41] {patience} putting in some options stink bids....so much for patience
[08:47] {bruce} those are day trades patience?
[08:47] {dino} no those are stinky trades
[08:47] {patience} if i get filled? depends on how the day goes
[08:48] {dino} busting you of course
[08:48] {patience} more likely though if i am filled i'll let them swing
[08:48] {bruce} k - thought you needed a few days at least on most options traeds
[08:48] {patience} not that i know of
[08:48] {bruce} k
[08:49] {bruce} deck had nice dump dino
[08:49] {bruce} tought to call top though
[08:49] {bruce} I would havetthought 130 or so
[08:49] {dino} coco bloodf
[08:52] {dino} it was a good spot bruce
[08:53] {bruce} thanx dino
[08:55] {Threei} COCO daily is embodiment of disaster
[08:55] {Threei} 2/3 haircut
[08:55] {dino} indeed, but is there a bounce in there?
[08:56] {Threei} must be
[08:56] {dino} have to go sm
[08:56] {dino} not yet tho
[08:57] {Threei} one more pullback with .50 holding would be good
[08:58] {magoo} tyalking COCO?
[08:58] {Threei} yeah
[08:59] {Threei} if no pullback under .65, .73 will be worth a try
[09:00] {magoo} u gonna go?
[09:00] {Threei} in... just a scalp
[09:00] {Threei} .64 stop
[09:01] {magoo} in .74
[09:02] {magoo} thats me .13 waiting
[09:03] {Threei} out 7
[09:03] {magoo} out .99
[09:03] {magoo} changed mind
[09:03] {magoo} TY
[09:03] {Threei} yw
[09:03] {dptl} .99 for me too ty
[09:03] {Threei} :)
[09:03] {magoo} remembered the plan
[09:03] {Threei} easy one
[09:03] {magoo} SCALPAROO
[09:04] {magoo} oh shit
[09:04] {magoo} EASY Button
[09:04] {magoo} just hit it
[09:04] {dino} gj guys
[09:04] {magoo} er, um vad., your turn or mine {look to the right}
[09:05] {Threei} after you sir
[09:05] {magoo} ell my good man
[09:05] * magoo slaps LaserDave1 around a bit with a large trout
[09:05] * Threei slaps LaserDave1 around a bit with a large trout
[09:06] {magoo} that makes me smile everytime
[09:06] {magoo} simple pleasures get magoo
[09:07] {Threei} wow
[09:13] {dino} blog l .95
[09:14] {Threei} CSIQ long off .50 support if NQ goes up again
[09:16] {Threei} stop under .50, so regulate the size accordingly to entry you get... no particular trigger, rather NQ following trade
[09:17] {Threei} CECO
[09:17] {Threei} bounce candidate
[09:18] {Threei} half lot .25
[09:18] {Threei} .09 stop
[09:21] {Threei} panic
[09:22] {dino} ceco blood
[09:24] {magoo} cnbc pundits all concurr a retest of lows TODAY
[09:25] {magoo} just info here
[09:25] {dino} go long then
[09:25] {dino} i still say flat close
[09:25] {magoo} might be TOO obvious
[09:30] {bruce} out blog here dino?
[09:31] {dino} back in 10
[09:31] {dino} sm bruce, my stop is lod, but your call of course
[09:31] {bruce} k
[09:37] {Threei} can you believe COCO?
[09:38] {Threei} went almost a dollar since we took profit
[09:40] {dino} cpla down, all education stocks, slm pulling the plug on subprime student loans
[09:41] {dino} i guess the dumbing down of america approaches
[09:41] {bruce} tAKING BREAK
[09:42] {bruce} oops
[09:42] {bruce} sorry about caps
[09:42] {dino} tightening blog to .45 stop bruce, market not cooperating
[09:42] {bruce} fat fingers
[09:42] {bruce} I exited dino
[09:42] {dino} ok
[09:48] {magoo} bruce, u up today?
[09:49] {magoo} only, cause i know u were struggling a lil last week
[09:52] {Threei} PETS .70 small shares long
[10:00] {Threei} 9 break HOKU, half lot long, stop under .80
[10:04] {dino} de wow
[10:04] {dino} nhpi
[10:06] {Threei} ETFC
[10:06] {Threei} SEES 5 YEAR HIGH ON CUSTOMERS LOGGED INTO SYSTEM
[10:06] {Threei} what kind of news is that
[10:07] {Roman} means all customers are worried and logging in to sell their portfolio
[10:07] {Threei} customers hit by Alzheimer over last 5 years remembered they had money in there and decided to take it out?
[10:07] {magoo} margin call worries
[10:07] {Threei} I like my version better Roman
[10:09] {Threei} new high is coming NQ
[10:10] {dino} going green
[10:10] {dino} because nobody thinks we can
[10:10] {dino} am i a contrarian or what
[10:10] {Threei} I am in tough position dino
[10:11] {dino} then move around
[10:11] {Threei} being contrarian myself, I think you are right yet having hard time agreeing with you - simply because contrarian disagrees wioth everyone
[10:11] {magoo} i just in it to win it lol
[10:11] {dino} i am hardly the "crowd" voice
[10:12] {dino} finally my 11:15 msft order is cancelled
[10:12] {Threei} I know... just pulling your chain
[10:12] {Threei} wow
[10:13] {magoo} maybe big ben got it right..going green
[10:13] {dino} perhaps the black swan was to reverse on everyone
[10:13] {Threei} IMO... this would happen with or without their intervention
[10:14] {magoo} see,,,8u contradicting magoo he he
[10:14] {Threei} lol
[10:14] {patience} just in case it escaped your notice....last friday afternoon i said i thought Monday's market would end up down after options expiry.....600 down on the TSX yesterday...not bad eh....
[10:14] {dino} wait until next week and they only cut a 1/4, crashhhhhhh
[10:15] {dino} i remember patience, good call
[10:15] {patience} tough crowd to ipress
[10:15] {magoo} now, if IF we actually retested lows today, 1000 point range
[10:15] {patience} oh, not you dino
[10:15] {patience} ty
[10:15] {patience} laughing
[10:15] {dino} my problem is i remember too much
[10:16] {magoo} u asking for it patience lol
[10:16] {Threei} not mine... I have hard time remembering word Alzheimer every time I want to explain why I don't remeber something
[10:16] {patience} are we talking 'trout' magoo?
[10:17] {magoo} indeed we are
[10:17] * magoo slaps patience around a bit with a large trout
[10:17] {dino} mad cow vad, mad cow
[10:17] {magoo} denny crane
[10:18] {dino} out blog .12,. +.17
[10:18] {Threei} feel free to exit CSIQ here who got it
[10:19] {Threei} +.50 for me
[10:19] {magoo} nice boss
[10:20] {patience} vad is aware he is now working to pay off the bathroom contractor doing his reno
[10:20] {Threei} no kidding
[10:20] {Threei} smallest room in the house... can't believe the bill
[10:23] {dino} i, unfortunately, understand
[10:25] {patience} first 30 minutes trading this morning was a rush...now it is just boring....wah...what happened to momo
[10:26] {Threei} out half PETS .90PETS
[10:26] {Threei} someone bought over the offer
[10:28] {magoo} u rockin now vad...HOKU next?
[10:28] {Threei} not sure about this one
[10:28] {magoo} pretty hard pullbk here gioing on
[10:28] {Threei} kind of indecisive
[10:29] {magoo} might be down time mkts
[10:30] {bruce} just got back
[10:30] {bruce} no mags - down on day down on month
[10:31] {dino} hmmmm, overtrading?
[10:32] {magoo} sorry to hear...
[10:32] {bruce} don't think so dino
[10:32] {magoo} u had 10 straight ups didn't u bruce in dec?
[10:32] {bruce} just losing on almost every trade
[10:32] {bruce} yes
[10:32] {bruce} wiped out in jan
[10:33] {dino} re-group in your mind bruce, slow down, wait for the pitch.
[10:34] {dino} sit back at opens, imo, because they have been very erratic
[10:34] {bruce} don't know wht to do diferently dino- jst taking room trades
[10:34] {bruce} k - flip side is open is biggest moves too
[10:34] {bruce} anyway - hangin in there
[10:34] {dino} i told you, i sized down and it worked, wider stops
[10:35] {bruce} I sized down too - kee[ing losses smaller
[10:35] {dino} have you widened stops then?
[10:35] {Threei} last few trades took today in green
[10:36] {bruce} I use vads stops on his plays
[10:36] {dino} good
[10:37] {dino} on my types size it down they are going much further than normal, both ways
[10:37] {magoo} u missed vads last 2 bruce? pets & csiq?
[10:37] {bruce} Itrade smaller on your plays dino and set wider stops
[10:37] {dino} good
[10:37] {bruce} bigger size with vad w his stops
[10:37] {bruce} doesn't matter
[10:37] {bruce} if I take trade it fails
[10:38] {bruce} bad luck I guess
[10:38] {dino} hang in there
[10:38] * Chaeron slaps LaserDave1 around a bit with a large trout
[10:38] {bruce} maybe just a strange run of bad luck
[10:38] {dino} it happens
[10:39] {Threei} good idea chaeron
[10:39] {bruce} yes
[10:39] * Threei slaps LaserDave1 around a bit with a large trout
[10:39] {bruce} should work the oterh way at times too
[10:39] * magoo slaps LaserDave1 around a bit with a large trout
[10:39] * magoo slaps patience around a bit with a large trout
[10:39] * magoo slaps roeder around a bit with a large trout
[10:39] * magoo slaps _pith around a bit with a large trout
[10:39] * magoo slaps _pith around a bit with a large trout
[10:39] * magoo slaps _pith around a bit with a large trout
[10:39] {magoo} new guy
[10:39] {Threei} trout rage
[10:39] {bruce} I like your plays dino - bigger range for both losses and wins
[10:40] {dino} :), had a lucky day
[10:40] {bruce} you bcaught that $5 win qat open
[10:40] {bruce} wponderful; start
[10:40] {Threei} dino tends to have abnormally high amount of lucky days {G}
[10:40] {dino} and lets not forget the ibm
[10:40] {bruce} I missed both of those
[10:41] {bruce} didn't catch the post
[10:41] {dino} and here comes msft
[10:41] {bruce} dinos wins aren't luck
[10:41] {bruce} no one is lucky consistently
[10:42] {_pith} somebody take that fish away from magoo
[10:42] {Threei} hence the {G} addition, bruce
[10:42] {Threei} pith, we tried...
[10:42] {dino} 10:13 ibm
[10:42] {Threei} he says we can pry it from his cold fingers only
[10:43] {_pith} good thing I'm partial to sushi
[10:43] * bruce slaps magoo around a bit with a large trout
[10:43] {dino} lol pith
[10:43] {bruce} too bad lums no here - he would have loved this am big moves
[10:44] {Threei} his broker had horrific outages today
[10:44] {magoo} true vad??
[10:44] {Threei} so maybe it's a good thing if he didn't trade today
[10:44] {Threei} yes
[10:44] {magoo} who MBT?
[10:44] {Threei} yeah
[10:44] {bruce} with his luck would have worked in his favor
[10:45] {magoo} whats up with MBT lately?
[10:46] {Threei} no idea, it's not like I am tracking
[10:47] {bruce} wasn't that your old broker vad?
[10:47] {Threei} years ago
[10:47] {magoo} mine 2 with vad
[10:48] {magoo} 1000 sh bidu sh 172
[10:48] {magoo} 100
[10:48] {magoo} OOPS
[10:48] {Threei} whew
[10:48] {bruce} wow 1000?
[10:48] {bruce} oh
[10:48] {Threei} scared the living dailight out of me
[10:49] {magoo} sory
[10:49] {Threei} spread widening alone can kill you on full lot BIDU, lol
[10:50] {bruce} what is top for that mags - looks like you need one bcuk at least
[10:50] {bruce} stop
[10:50] {magoo} $200 stop
[10:50] {magoo} looking for multi points down
[10:50] {magoo} goes with mkt tho
[10:50] {bruce} k two bucks makes sense to me
[10:51] {_pith} considering reentering trading, after an eight year hiatus... what are the best, fast ,dependable, direct access brokers / trading platforms available?
[10:51] {magoo} MBT
[10:51] {Threei} we use Laser pith
[10:51] {magoo} see bruce..give it room
[10:51] {Threei} icon on our website for contact their rep
[10:51] {magoo} QQQQ tanks it will tank
[10:52] {magoo} BUT if q runs..it will run
[10:52] {magoo} just feel we due for pullbk here
[10:52] {_pith} 3i.. they are going to set me up with a demo
[10:52] {dino} darn, can't get avtr short
[10:52] {Threei} cool, ask Laserdave for help with layouts etc
[10:53] {_pith} k
[10:53] {_pith} what is margin...4 to 1?
[10:53] {Threei} 10:1 intraday
[10:53] {Threei} no margin overnight
[10:54] {_pith} thats cool, dont like to hold overnight
[10:54] {bruce} yep mags - can't play that one w 50c stop
[10:54] {Threei} then it's arrangement for you
[10:55] {Threei} and don't hesitate to use trout on lasredave as attention getter
[10:55] {magoo} just keep stop @ 200 bux
[10:55] {magoo} do not let it get away
[10:55] {bruce} does that actually help vad?
[10:55] {Threei} sometimes
[10:56] {bruce} I didn't take it mags
[10:56] {Threei} phone is more reliable though :)
[10:56] {magoo} if lets go get 10 points
[10:56] {bruce} just checking your parameters
[10:56] {magoo} may need to exit and try again
[10:56] {bruce} I don't have a read on it long or short now
[10:56] {magoo} lay out 270
[10:57] {magoo} must layout
[10:57] {dptl} qid?
[10:58] {Threei} tough read dp
[10:58] {Threei} don't know
[10:58] {dptl} k
[10:58] {Threei} looks like time for market to drop
[10:58] {Threei} hence QID up
[10:58] {Threei} but I wouldn't call this read reliable enough to take the trade
[11:00] {dino} sm l blog .22, stop .78
[11:00] {_pith} I actually used to be in another trading room with you 3i, back before you started up shop. Went by the handle aragorn then, long time ago and I'm sure you dont remember, but you really helped me to develop a much safer trading approach.
[11:00] {Threei} wow
[11:00] {Threei} and I mean wow
[11:01] {Threei} that must be like 1998-1999
[11:01] {_pith} yea.. way back :)
[11:01] {dino} cool pith
[11:02] {Threei} welcome back to the jungle :)
[11:02] {magoo} why come back? if i can get out..i staying out
[11:02] {magoo} just can't get out
[11:02] {Threei} lol... magoo is ever warm and fuzzy
[11:03] {dino} darn blog, stopped done w/it
[11:03] {dino} big rinse too
[11:03] {LaserDave1} pith dcc please
[11:04] {_pith} :) dad died and I had to take care of the family farm for a few years. got into a position (hired help) that I can trade in the winter.actually looking forward to it. always loved to scalp
[11:04] {magoo} here we go bidu
[11:04] {Threei} scalps R us
[11:05] {magoo} LAYOUT 270..i off hook there
[11:05] {magoo} 200 bux for someone THERE
[11:05] {Threei} good one magoo
[11:05] {Threei} gutsy too
[11:06] {dino} gj magoo
[11:06] {magoo} still in vad, i want 6
[11:06] {magoo} just keeping room safe
[11:06] {Threei} someone's getting greedy
[11:06] {Threei} never mind my blabbing though
[11:06] {Threei} it's your trade and your read
[11:07] {magoo} out here
[11:07] {magoo} 269.75
[11:07] {Threei} hope I didn't influence your decision
[11:08] {bruce} still nice mags - one to one
[11:08] {Threei} I have no read on BIDU whatsoever, hate this stock
[11:08] {magoo} dino yelling at me..we said we were scalpin
[11:08] {magoo} i get greedy and forget
[11:08] {magoo} daytraders memory
[11:08] {magoo} 3.25 points tho
[11:08] {Threei} which equals triple alzheimer
[11:08] {Threei} attention span of a moth
[11:09] {dino} remember the plan magoo, protect profits
[11:10] {bruce} cool - thought you got 272 entry mags
[11:12] {bruce} which would be 2.25
[11:12] {Threei} it probably is bruce... magoo is just as good at math as he is at spelling
[11:12] {dino} he stepped out
[11:12] {bruce} k
[11:12] {bruce} or maybe his broker likes to throw in a sweetener
[11:13] {Threei} notice, his posted entry is 172
[11:13] {Threei} not 272 :)
[11:13] {Threei} tells you all you need to know about his typing skills :)
[11:13] {dino} lol
[11:13] {bruce} lol
[11:14] {dino} probably wrong stock
[11:14] {Threei} rofl
[11:14] {bruce} admire you on blog dino
[11:14] {bruce} nop way I'm gonna trade that pupp-y again today
[11:15] {magoo} he he, it was 272..sorry..remember first post wa 1000 shares
[11:16] {magoo} out was 269.75
[11:16] {magoo} 100 shg
[11:17] {dino} atro
[11:19] {Threei} dp... see how treacherous QID is here?
[11:19] {Threei} NQ looked like total breakdown coming
[11:19] {dptl} ye
[11:19] {Threei} instead, jumped 11 points
[11:20] {Threei} make that 13
[11:20] {magoo} yeah..problem is pundits and cramer said we'd retest today...so probably won't
[11:20] {magoo} to easy for shorts
[11:20] {bruce} ceco long try vad?
[11:20] {magoo} freakin media idiots
[11:21] {dino} max headroom magoo
[11:21] {Threei} with stop under 16, why not
[11:21] {bruce} in .13
[11:24] {Threei} UAE OIL MINISTER: RECENT FALL IN OIL PRICES 'A POSITIVE' - DAVOS COMMENTS- Says there is no shortgage in crude oil supply
[11:25] {magoo} there is a shortage at my house
[11:26] {Threei} you disconnected that secret pipeline bypass?
[11:29] {bruce} you talkin bout the brewery pipeline vad?
[11:29] {Threei} he had both actually...
[11:30] {bruce} out ceco +.09
[11:31] {bruce} nice - no more opening bottles - justput your mouth to that beer pipe and turn on tap
[11:33] {Threei} just between us bruce... he connected brewery one to his showerhead...
[11:34] {bruce} cool idea
[11:34] {bruce} sudsy shower
[11:34] {bruce} and leaves that manly scent when he's done
[11:35] {Threei} helps with hangover too
[11:35] {bruce} lol
[11:35] {Threei} breakdown or bounce this time NQ
[11:37] {bruce} you looking aat qid long vad?
[11:37] {Threei} or short...
[11:37] {Threei} I can't get a read on NQ
[11:37] {Threei} feels to me like down
[11:37] {Threei} but I'll be darned if I can nail safe entry
[11:38] {bruce} k
[11:38] {Threei} and don't want more of those annoying shakeouts
[11:39] {dino} feels down
[11:39] {magoo} last hour shoul;d be interesting
[11:40] {Threei} 1:1 CECO
[11:41] {bruce} out vad
[11:41] {bruce} dumped it when it hesitated at 22
[11:42] {bruce} not taking any chances todqay
[11:42] {Threei} no problem with that at all bruce
[11:42] {Threei} come on NQ die
[11:42] {Threei} show us some direction
[11:42] {Threei} any direction
[11:43] {Threei} yeah right
[11:43] {Threei} bounce right back into range
[11:43] {bruce} rmbs looks like it hasw some potential on a breakdown w nq
[11:44] {dino} so much for my down
[11:46] {magoo} tonite.DENNY CRANE
[11:51] {magoo} d
[11:51] {magoo} e
[11:51] {magoo} n
[11:51] {magoo} n
[11:51] {magoo} y
[11:54] {bruce} lol
[11:55] {bruce} you choosing restaruants mags?
[11:57] {magoo} he he
[11:57] {dino} he should, he's got the hot hand lately
[11:58] {magoo} just lucky
[12:04] {Threei} now it looks like up... so probably down
[12:05] {bruce} flip a coin
[12:05] {Threei} pretty much
[12:06] {magoo} speed channal has supercross on chaer
[12:06] {magoo} rd 2 phx
[12:08] {Threei} it's actually both... up and down
[12:09] {dino} out msft .24, +.24, took all day
[12:10] {bruce} good it worked
[12:10] {bruce} that was one of trades that worked for me but I exited long ago
[12:11] {dino} you were smart, .24 keeps rejecting it
[12:11] {dino} look back to .07
[12:12] {dino} sm l atro .06, wide
[12:12] {bruce} just nervous dino - not lettting anything retrace much
[12:13] {dino} good way to be, as they say; "buy when your hands are shaking, sell when confident"
[12:13] {dino} atro soread now, sheesh
[12:13] {dino} spread
[12:13] {bruce} it was one to one so took off table - as per your comment
[12:14] {bruce} blog is fnally paying you
[12:14] {magoo} whatchagot vad??
[12:14] {dino} yeah, now that i'm stopped
[12:14] {Threei} peanut butter/avocado sandiwch
[12:14] {bruce} oh - thought you were still in
[12:15] {bruce} thats creative vad
[12:15] {Threei} thinking of slapping some pasrtami on top
[12:15] {_pith} deepfried?
[12:15] {Threei} deepfried in chocolate
[12:16] {bruce} pastrami is good on anything
[12:16] {Threei} AATI... watching as possible short
[12:17] {Threei} 7.99 trig, 8.05 stop
[12:18] {magoo} marginable vad??
[12:18] * Threei slaps magoo around a bit with a large trout
[12:19] {bruce} shld looks a bit like your bidu short here mags
[12:19] {dino} ivgn blood
[12:20] {magoo} theres a significant difference imo bruce
[12:20] {magoo} shld is strong..up big in bad mkt
[12:20] {magoo} bidu was a train wreck..so weak
[12:21] {cosmo} PETS test 13
[12:22] {dino} abbey cohen on, wasn't she the one syiong buy buy buy at year end
[12:22] {dino} they just keep bringing them back
[12:24] {bruce} the institutions want out dino
[12:24] {Threei} big block above offer AATI
[12:27] {Threei} between up and down, market made funny choice: neither
[12:27] {magoo} figures right
[12:27] {Threei} still 30 minutes to decided though
[12:29] {magoo} aapl reports after bell
[12:30] {Threei} COST is indecently happy
[12:32] {dino} so is de
[12:33] {bruce} ivgn long around here dino?
[12:36] {dino} sm w/stop around .09
[12:37] {dino} they want to close flat
[12:37] {dino} i missed ivgn bruce
[12:37] {dino} -26 dji
[12:38] {bruce} me too dino - was thinking of it around .33
[12:38] {dino} i was at .40
[12:38] {dino} got it
[12:39] {bruce} worth a try on retraqce?
[12:39] {dino} lucky
[12:39] {dino} waiting at .80
[12:41] {bruce} good grab
[12:41] {bruce} you should be good to go
[12:42] {dino} can't get thru .64
[12:42] {Threei} die AATI
[12:43] {dptl} yes ....die
[12:43] {dino} indeed
[12:44] {Threei} infamous magoo flatliner
[12:46] {bruce} just like his heartbeat
[12:47] {Threei} lol
[12:47] {dino} thats cold, lol
[12:48] {dino} out ivgn .80, +.40, another beer for bruce, thx
[12:48] {bruce} wtg dino
[12:49] {bruce} missed it but was rooting for you
[12:49] {dino} your idea
[12:49] {dino} thx
[12:49] {magoo} .
[12:49] {dino} watch it go to 90 now
[12:50] {bruce} Ithink it will break 89 actuqally
[12:51] {bruce} end of day though
[12:51] {bruce} good exit
[12:52] {Threei} AATI, you blind or what?
[12:52] {dino} fast drop on ivgn
[12:53] {dino} no time tho, most likely done
[12:53] {bruce} yes - in retrospect - a prefect exit for you
[12:53] {dptl} wierd stock aati
[12:53] {dino} you have a good eye at those bruce, just figure out entries, and stops
[12:54] {bruce} hers your market dump
[12:54] {bruce} trying dino
[12:54] {magoo} u watching aapl after bell vad?
[12:54] {bruce} I can see stuff - but I seem to make a lot of bad entries
[12:54] {Threei} nah
[12:54] {magoo} lazy he he
[12:55] {magoo} u workin tomorrow?
[12:55] {Threei} I have had enough of chaotic stuff for one day :)
[12:55] {magoo} for 1 month u mean
[12:55] {Threei} pretty much
[12:56] {bruce} quiet - chaos - don't matter to me
[12:56] {bruce} just wqnt to start making some money
[12:57] {magoo} how come?
[12:58] {dino} algt wow
[12:59] {dino} ivgn drops a buck
[12:59] {dino} solars rocking
[13:00] {Threei} out AATI - 1 cent
[13:00] {bruce} ceco broke 17 on the retrace
[13:00] {Threei} have a good evening guys, see you tomorrow
[13:01] {dptl} have a good evening all
[13:01] {dino} you 2, good job guys/gals
[13:01] {bruce} night all
[13:01] {magoo} ty vad
[13:01] {magoo} good nite
[13:01] {dino} ditto
Session Close: Wed Jan 23 00:00:00 2008

January 18, 2008

Session Start: Fri Jan 18 00:00:00 2008

Session Time: Fri Jan 18 00:00:00 2008

[05:11] {Threei} 8 am, and they are out in full force... no rest for wicked indeed:
[05:11] {Threei} FED'S LACKER: BUSINESS SPENDING SLOWDOWN MAY UP RECESSION ODDS, MUST ADDRESS OTHER INFLATION, NOT JUST CORE
[05:11] {Threei} - economic growth could be slow in coming months; - Economic Growth To Be 'Very Weak' For Several Months
[05:11] {Threei} - Further easing 'quite possible'
[05:11] {Threei} - Higher inflation trend could complicate Fed policy
[05:11] {Threei} - Must keep overall inflation anchored, not just core rate
[05:11] {Threei} - Expects moderate job growth in 2008
[05:21] {Threei} US TREASURY SECRETARY PAULSON: THE US ECONOMY HAS SLOWED DOWN, -RISKS ARE TO THE DOWNSIDE - WIRE CITING TV INTERVIEW
[05:21] {Threei} - Opposes moritorium on mortgage foreclosures
[05:21] {hawkfan4} they never sleep
[05:22] {Threei} - Higher inflation trend could complicate Fed policy... and ... plan to get money into economy this year
[05:24] {Threei} THE GUARDIAN is scared:
[05:24] {Threei} - "Here are a few facts we learned about the US yesterday: housing starts in December hit their lowest level in 16 years and the property market "appears to be in freefall", according to the boss of the Cleveland Federal Reserve. If housing starts fall another 20%, the position will be the worst since record-keeping began in 1959."
[05:24] {Threei} - "The futures market, having heard the Fed chairman, Ben Bernanke speak, thinks there is a 44% chance that interest rates will be cut by 0.75 percentage points at the end of this month, something that has not happened in decades."
[05:24] {Threei} - "Now here's the really scary bit: Merrill Lynch's ghastly fourth-quarter figures included a $3B write-down "related to the firm's hedges with financial guarantors." The prose may be drab, but the meaning is electric: Merrill is saying that insurers who have written guarantees for certain bonds may not be good for the money."
[05:33] {Threei} Nuggets of wisdom continue pouring in:
[05:33] {Threei} FED'S LACKER: SOMETIMES THERE IS AN UNPREVENTABLE DECLINE IN GROWTH
[05:33] {hawkfan4} lol
[05:33] {Threei} I need Raven's reassurance...
[05:34] {Raven} incredible
[05:34] {Raven} pathetic
[05:34] {Threei} I feel grossly inadequate at times when so much wisdom ios being given from high above to unworthy me, and for free
[05:35] {Raven} it ain't free ... we're paying the salaries of these turkeys
[05:35] {Threei} amnot
[05:35] {Threei} am across the border
[05:35] {Raven} damb Canuk
[05:35] {Threei} free for me
[05:35] {Raven} eh ?
[05:36] {Threei} unless you consider disdusting CAD/US exchange rate my form of payment
[05:36] {Raven} sort of
[05:36] {cosmo} hmm ...maybe a good time to bye
[05:37] {Threei} btw, younder worthy proceeded to say:
[05:37] {Raven} bye ?
[05:37] {cosmo} cell?
[05:37] {Threei} FED'S LACKER: STIMULUS PLAN CAN SOMETIMES HELP RESTORE GROWTH - Q&A- ' Says We pay attention to the USD alot', as lower dollar provides some inflation boost
[05:37] {Raven} sigh
[05:37] {cosmo} agree
[05:37] {Raven} cold ... 14F
[05:38] {Threei} not as cold as in my former habitat... - 40 F
[05:38] {Raven} ouch
[05:38] {cosmo} 40F here .. i think
[05:39] {Raven} cosmo in paradise
[05:39] {Threei} Bobby Fischer died
[05:39] {Raven} yes
[05:40] {Threei} hey, he isn't done yet:
[05:40] {Threei} - Notes not troubled by foreign investment in US banks and financials, expects more, reiterating Fed speak
[05:40] {Threei} why would he be troubled by that?
[05:40] {Threei} it's investors who should be
[05:40] {Threei} I mean, if you give me 10 mil, would I be troubled?
[05:40] {Threei} not in the least
[05:40] {Threei} should you?
[05:41] {Threei} by all means
[05:41] {Raven} and you would be gone in an instant
[05:41] {Threei} faster
[05:41] {Raven} lol
[05:41] {Threei} that would go like that:
[05:41] {Threei} you make a transfer, then click Reload Page,
[05:41] {Threei} before it refreshed, me is so gone
[05:42] {Threei} you pick up the phone and call me,
[05:42] {Threei} guess what you hear?
[05:42] {Threei} Number not in service
[05:42] {BillyD} morning RT :)
[05:42] {Raven} but you could stay here .... invest the $10M ... turn it into $1M
[05:42] {Threei} Billy :)
[05:43] {Raven} hi BD
[05:43] {Threei} you e-mail, autoresponder says "returned, mailbox non-existent"
[05:45] {cosmo} SWKS
[05:45] {Threei} frikin IBM
[05:45] {Threei} we needed this gap up as rabbit needs STD
[05:48] {BillyD} anything worthy this morning so far....don't see much
[05:49] {Threei} don't rush billy, we have all day to find all that is not worthy
[05:49] {BillyD} :)
[05:49] {Threei} be back in 5... don't buy all IBM there is while I am gone
[05:49] {dino} gm all
[05:50] {BillyD} dino :)
[05:51] {cosmo} SGEN public offering of $10M @ $9/sh
[05:51] {cosmo} 9.35 pre mkt recovery high ..fwiw
[05:52] {dino} gm bd
[05:54] {Threei} dino :)
[05:58] {Threei} FED'S LACKER: LOWERED GROWTH FORECAST SINCE DEC EMPLOYMENT REPORT, MORE INCLINED TO CUT RATES -Q&A COMMENTS- Notes inflation is still higher than he would like and Fed should not ignore it, not worried about over shooting on rate cuts
[05:59] {dptl} good morning all
[05:59] {Threei} dp :)
[06:03] {esemde} morning rt's
[06:03] {Threei} ese :)
[06:03] {esemde} when does the schrub....or is that Bush give his highlight package speech today?
[06:04] {dino} just short it es
[06:04] {esemde} ok...can do
[06:09] {bruce} acor looks potentially poised for breakout
[06:14] {esemde} has to be some kind of technical bounce at least in the market......every stock that i'm looking at has had the crap kicked out of it
[06:14] {esemde} brutal looking charts
[06:17] {magoo} morning, running a lil late w/snow
[06:17] {Threei} mags :)
[06:18] {bruce} throws a snowball at mags
[06:18] {esemde} magoo
[06:18] {Threei} yes ese, but being too early in attempts to find a bottom will kill many
[06:19] {Threei} market can stay irrational longer than one can stay solvent
[06:19] {Threei} and usually does
[06:19] {esemde} indeed....
[06:19] {esemde} sure has been interesting to watch
[06:20] {esemde} to be honest...kind of scares the ...you know what out of you
[06:21] {dino} back in 30
[06:21] {Threei} only that first time you see this kind of meltdown
[06:22] {Threei} as you learn to stay mostly on a sideline during such emotional times and pick up only those crumbs you can read clearly, you find it rather enetrtaining and very reassuring,
[06:22] {Threei} world is bleeding, you are scalping your little plays here and there
[06:23] {esemde} true
[06:23] {Threei} world loses billions, you make your modest hundreds
[06:23] {lumdus} gm all. what's the futures at ?
[06:23] {magoo} u watching solf csiq vad?
[06:23] {Threei} evryone says "ouch, this is cruel", you say "ugh, really/"
[06:23] {esemde} lum +17 for S&P's
[06:23] {Threei} NQ is +18.5 lum
[06:24] {lumdus} tks. nice rebound hre
[06:24] {Threei} yes mags, this group seems to be destined to recover big when market pressure is easing finally
[06:24] {esemde} maybe.....should tank when bush does his thing
[06:24] {Threei} yeah, this rebound to me is nothing but agony prolongation
[06:26] {Threei} don't forget guys, this is friday before the long weekend
[06:26] {esemde} what time...our time does he do his speech
[06:26] {esemde} this is a long weekend for the Market Vad
[06:26] {Threei} not sure ese
[06:27] {Threei} yes
[06:27] {Threei} STOCK MARKETS IN FREE FALL: SEMANTICS OF A BEAR MARKET- "A bear market is a fall of 20% that was preceded by a rise of 20%," says Bespoke Investment Group. "Currently, the bears are one for five, with the Russell 2,000 falling into bear market territory today. The Nasdaq looks to be the next to go if we don't get a turnaround real soon. The tech-heavy Nasdaq is now 18% below highs reached on October 31st and has just 2% to go on the downsid
[06:27] {Threei} The S&P 500, DJIA and Russell 1,000 are all about 15% off their highs. With the free fall we're in now, we could easily be five for five by the end of January."
[06:28] {Threei} IBM at some point should be a short
[06:28] {Threei} not rushing in, this is kind of "too obvious"
[06:28] {Threei} so hopefully qwe can find the moment when it kills early pessimists
[06:29] {Threei} then profit from reality setting in
[06:31] {Threei} see this somewhat uncharacteristic volatility on IBM?
[06:32] {BillyD} yes, some drop
[06:32] {Threei} good sign of emotions running high, and early birds getting killed
[06:32] {BillyD} yeah, 1pt in one sec
[06:32] {BillyD} bids disappeared
[06:32] {Threei} this dollar between 105.5 and 104.5 was not a normal trading by any means
[06:33] {Threei} on both sides
[06:33] {BillyD} no
[06:33] {BillyD} especially for a thicker stock
[06:33] {Threei} yes
[06:33] {Threei} small shares short under .80
[06:33] {Threei} stop above 106
[06:34] {Threei} no aggressive entry between those levels
[06:35] {Threei} got .75, just 200 shares
[06:36] {lumdus} i thought futures where hire
[06:36] {magoo} long fslr .70 small 300 sh
[06:36] {BillyD} out IBM + .33
[06:36] {Threei} out +.50
[06:36] {BillyD} too sooon
[06:37] {BillyD} ty Vad
[06:37] {Threei} welcome
[06:37] {Threei} what rpice did you get?
[06:37] {BillyD} took 1/2 on first drop at .46
[06:37] {BillyD} .80
[06:37] {magoo} arca good today? have hidden
[06:37] {Threei} no, I mean on entry
[06:37] {Threei} oh
[06:37] {Threei} good fill
[06:37] {BillyD} when I saw bid drop I hit it
[06:38] {BillyD} order was at .76 I think
[06:38] {Threei} I had .70 limit, got just 200 at .75 and nada after that
[06:38] {BillyD} it got squirrely there after first drop
[06:39] {cosmo} swks
[06:39] {cosmo} 8 test
[06:40] {cosmo} gee
[06:45] {Threei} IACI
[06:45] {Threei} short .30 half lot
[06:45] {Threei} .51 stop
[06:46] {BillyD} it triggered right
[06:46] {Threei} yes
[06:46] {BillyD} ok in .34
[06:48] {BillyD} stubborn here
[06:50] {Threei} the stubborner they are the gooder they behave when/if they give in (I can hear raven groaning)
[06:50] {BillyD} lol
[06:50] {Raven} {}
[06:52] {lumdus} "the gooder". he hee
[06:53] {bruce} why .50 for stop vad - looks like .45 would have been enough
[06:53] {Threei} let's trail to .46 now
[06:54] {bruce} k - gooder by me
[06:55] {Threei} IACI becomes deader by minute
[06:56] {Threei} stop to .41
[06:56] {Threei} couldn't break .40 earlier so let's play it by the book
[06:57] {Threei} I am not about to yield any single cent to the enemy today
[06:58] {BillyD} how's arca...I have it turned off
[06:58] {Threei} so far so good
[06:58] {BillyD} ty
[06:59] {bruce} ibm looks to be setting up for another drop
[06:59] {Threei} out
[06:59] {dptl} stopped too
[07:00] {bruce} likewise - just my luck - missed ibm got stopped iaic
[07:00] {Threei} DEC LEADING INDICATORS: -0.2% V -0.1%E
[07:00] {Threei} *JAN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 80.5 V 74.5E
[07:01] {Threei} look at NQ jump
[07:01] {BillyD} yeah, didn't help us
[07:01] {Threei} that's illustration to the point I made a day ago
[07:01] {Threei} shorting downtrend in bear market is not the same as going long in uptrend in bull
[07:02] {esemde} how do you mean Vad?
[07:02] {Threei} why would confidence be so much higher than estimate?
[07:02] {Threei} well, downtrend in bear market is getting interruopted more often
[07:02] {Threei} and spikes are quite violent
[07:03] {esemde} which means there is a turnaround coming
[07:03] {Threei} not necessary
[07:04] {bruce} we should be gettign some nice big downdrafts
[07:04] {Threei} it's just that: bear markets are tougher to trade even for those who are comfortable with shorting
[07:05] {Threei} more shakeouts
[07:05] {esemde} OK....i get it
[07:07] {dino} sm l gs 191.45
[07:07] {Threei} keep ARCA off Billy... bs started :)
[07:07] {BillyD} sheesh, ARCA sticking
[07:07] {BillyD} lol
[07:07] {magoo} yeah..i hid it AGAIN
[07:07] {magoo} rewally screws u up
[07:08] {BillyD} especially in these real volatile ones
[07:08] {Threei} 11:50 for the speech TV said
[07:08] {Threei} EST
[07:08] {cosmo} speech?
[07:09] {Threei} ummm... toast?
[07:09] {Threei} AAPL
[07:09] {Threei} small shares long .75
[07:09] {Threei} stop under .50
[07:10] {BillyD} it trigger?
[07:10] {bruce} stpped aapl
[07:10] {Threei} and went to .90 after that
[07:11] {BillyD} ok, by time I pull up....it's hard to tell sometimes
[07:11] {dino} gs stop to b/e
[07:13] {dino} out gs 192.50, +1.05
[07:16] {Threei} XLNL short under 21
[07:16] {Threei} half lot
[07:16] {Threei} 21.06 stop
[07:16] {Threei} sorry, 21.04
[07:17] {lumdus} xlnl .. no quotes for that damm !
[07:17] {Threei} XLNX
[07:18] {BillyD} blinked, it broke and missed it
[07:18] {BillyD} good setup
[07:19] {dptl} yes same here Bd
[07:19] {bruce} me too guys
[07:19] {bruce} should work out fine since I missed it
[07:19] {lumdus} try again .. close enough
[07:19] {Threei} what limit did you use?
[07:19] {BillyD} .97
[07:20] {dino} lol bruce
[07:21] {bruce} sheesh dino - lost on every trade but one yesterday
[07:22] {dino} yesterday is dead, bury it or it'll stink of the place
[07:22] {dino} up=of
[07:25] {BillyD} cosmo...you watching SWKS
[07:26] {cosmo} 8.24 hod
[07:26] {BillyD} is it strong for a b/o if triggers
[07:26] {BillyD} don't know it's behavior
[07:26] {cosmo} watch the 8.20 test
[07:27] {BillyD} k, thx
[07:27] {cosmo} then decide
[07:28] {esemde} i'm watching SWKS Billy ....was thinking long
[07:28] {esemde} at .20
[07:29] {BillyD} if it holds here and goes maybe then.....can't seem to find much confidence in stocks doing what is expected either way so far
[07:29] {esemde} what would you look for at the .20 test cosmo
[07:29] {lumdus} nvda
[07:30] {dino} xlf l .90, stop lod
[07:30] {Threei} CSIQ, .45 long if holding above .20
[07:30] {Threei} C&H
[07:31] {lumdus} nvda nasty pullbacks ouch
[07:31] {cosmo} increased pace of activity and a melting wall would be a sign
[07:31] {cosmo} i think
[07:33] {lumdus} csiq stop ?
[07:33] {Threei} [10:30] {Threei} CSIQ, .45 long if holding above .20
[07:33] {lumdus} it trigger no ?
[07:33] {esemde} thanks cos...
[07:34] {Threei} sigh
[07:34] {lumdus} damm.
[07:35] {cosmo} XLNX again?
[07:35] {Threei} not sure
[07:36] {esemde} long SWKS agressive entry 8.14 half lot
[07:36] {BillyD} CSIQ true to form....lol
[07:36] {esemde} stop .94
[07:37] {dino} spwr l sm .75 wide
[07:38] {dino} xlf stopped .85 -.05
[07:39] {dino} spwr stopped -.65
[07:40] {dino} rinsed spwr
[07:40] {lumdus} yeah, csiq took my profit for the day. what a nasty one.
[07:40] {Threei} KLAC .71 long , stop under .60
[07:41] {Threei} how many shares of it did you play??
[07:41] {esemde} OK have a question..if I wanted to add another 1/2 lot to swks should i do it on a dip or as it breaks the high
[07:42] {esemde} is one method better than the other....
[07:42] {dino} dk es, i never add
[07:42] {Threei} not really... they are just different, personal preference
[07:43] {lumdus} csiq 1k
[07:43] {Threei} you are kidding
[07:43] {lumdus} no, i am not. what should i do ?
[07:43] {Threei} do you regulate your shares size depending on stock's volatility?
[07:44] {lumdus} yes, that is 1/2 lot
[07:44] {BillyD} hehe
[07:44] {esemde} SWKS top line 11% growth 26% sequential income growth.....just thought it might be worth it on this one
[07:44] {Threei} let's try it other way... what's your max loss on any given trade?
[07:44] {esemde} first time i've looked at fundamentals on a stock for a long time
[07:45] {dino} don't do it es
[07:45] {Threei} ese is slipping in abyss...
[07:45] {BillyD} rofl
[07:45] {dino} push him vad, end his misery
[07:46] {Threei} lol
[07:46] {esemde} al right...alright....but i'm in gambling mood this morning....i'm warning you....no trades for the last 4 days....
[07:47] {dino} missed a good week es
[07:47] {esemde} have a hook on trigger finger...too pull it away
[07:47] {esemde} i'm getting that impression dino...but i wanted to watch you alll
[07:47] {Threei} the biggest irony of this dialog is, paying attention to fundamentals is being labeled as gambling
[07:47] {dino} roflol
[07:48] {esemde} i agree with that
[07:48] {cosmo} SWKS needs to hold 8 ... a fundamental trading concept for me
[07:48] {cosmo} ... it should hold 8.05 ...imho
[07:49] {dino} reading is fundamental cos
[07:49] {esemde} volume is good +%230 i think it will...
[07:49] {dino} twin l .50, stop .18
[07:49] {Threei} lum?
[07:50] {lumdus} yes,
[07:50] {Threei} let's get to the bottom of this risk control thingy
[07:50] {lumdus} max loss.. i don't have any
[07:50] {Threei} back to MPP then, risk control part
[07:50] {Threei} read how it's calceulated and do it,
[07:50] {dino} what the? twin careful gaps
[07:50] {Threei} that will protect you from situations like this
[07:51] {esemde} SWKS looking like classic trade from Vads Tech of Tape reading p.125
[07:51] {lumdus} let's do this a little alter maybe.. i want to watch something
[07:51] {esemde} duplicate as a matter of fact
[07:52] {Threei} I already said what you need to do lum, do it at your convinience
[07:53] {lumdus} yes, i read it. I was up for the day +.85 and csiq i managed wrong and blew me out. that's just a mistake. no loss for the day, so i am managing the risk.
[07:53] {cosmo} swks 8.05 testing support
[07:53] {esemde} needs sp/nq help
[07:54] {dptl} stopped klac
[07:54] {cosmo} swks patiently waiting for mkt up-turn
[07:54] {bruce} stopped klac
[07:55] {lumdus} short btu
[07:55] {esemde} where is your buy poin t cos if it turns up
[07:55] {lumdus} is the market less volume today ?
[07:57] {cosmo} hmm .... 8.15, if it has good pace
[07:59] {cosmo} nah... right here ...with a stop at 8.04 ... who knows?...
[07:59] {BillyD} blk on SWKS ...lets see what it does
[07:59] {esemde} cos is that a buy or sell for 152K at .10 couldn't tell
[08:00] {esemde} tks billy didn't see your post
[08:00] {BillyD} another one
[08:00] {BillyD} wait and see
[08:00] {esemde} huge blks...huge
[08:00] {BillyD} could be distribution and not much change
[08:00] {cosmo} me neither...
[08:01] {esemde} is there a way to tell
[08:01] {cosmo} time and sales chart
[08:01] {cosmo} ... that's not moving too fast
[08:01] {dino} adlr
[08:01] {Threei} sometimes there is ese, not in this case
[08:01] {magoo} i been on phone last 30...did klac trigger and fall back..or still valid setup?
[08:02] {Threei} leave it alone mags
[08:02] {magoo} well, actuall now looks to be invalidating
[08:02] {magoo} ok, my fault, tenant issues grrrrrrrrrrr
[08:02] {Threei} market does its best today to stop both shorts and longs
[08:03] {BillyD} [08:29] {BillyD} if it holds here and goes maybe then.....can't seem to find much confidence in stocks doing what is expected either way so far
[08:03] {BillyD} ditto Vad
[08:04] {lumdus} yeah, either way you can get stopped today.
[08:04] {Threei} QID aggressive long somewhere here
[08:04] {magoo} vad, u or me on u know what
[08:04] * Threei slaps LaserDave1 around a bit with a large trout
[08:04] {Threei} your turn
[08:04] * magoo slaps LaserDave1 around a bit with a large trout
[08:05] {Threei} NQ breakdown of 1870 should do the trick for QID
[08:06] {Threei} broke
[08:06] {Threei} out .51
[08:07] {BillyD} gj
[08:07] {Threei} finally some follow through
[08:08] {esemde} nice teach....
[08:08] {dino} ehth
[08:08] {esemde} huge wall seems like on SWKS at .10/,11
[08:09] {esemde} why would abreakdown of nq sen QID up Vad
[08:10] {Threei} QID is opposite tracking of NQ
[08:10] {Threei} goes up when NASDAQ dowen, and visa versa
[08:11] {Threei} just the way to play NASDAQ without actual futures
[08:11] {Threei} to me, more convinient than QQQQ
[08:12] {esemde} didn't know that.....so are those shares short in QID
[08:12] {Threei} yes, that's why it moves in inverse relation to nasdaq
[08:13] {dino} two times es
[08:14] {esemde} don't get that 2x's
[08:14] {magoo} qqq moves dime up...qid moves .20 down
[08:15] {BillyD} it's a matter of volume
[08:15] {dino} and down we go
[08:15] {BillyD} more stable liquidity on QQQQ for larger traders imo
[08:15] {dino} ok just about a 200 pt range, need the 300 average
[08:15] {esemde} ok i get it.....
[08:16] {esemde} so right now ...huge bet market is heading down
[08:17] {Threei} I look at it differently ese
[08:17] {Threei} market goes down, so QID as a short tracking device goes up
[08:17] {magoo} problem i see is this...one of these days this mkt gonna have a FEROCOUS rally up 500 points
[08:17] {magoo} not saying more than day or two...but its gonna kill shorts
[08:18] {magoo} spell check raven lol
[08:18] {magoo} FEROCOUS rally up 500 points
[08:18] {magoo} [11:17] {mago
[08:18] {magoo} FEROCOUS
[08:18] {Raven} not
[08:19] {Threei} why is it a problem mags? you have so much sympathy for shorts?
[08:19] {magoo} no, i just do not wanna get caught short
[08:19] {magoo} its coming.today, tues wed its coming soon
[08:19] {magoo} magoostradamas
[08:19] {BillyD} stop loss is all you need
[08:20] {dino} de sm l .00
[08:20] {BillyD} wiseman hehe
[08:20] {BillyD} seer
[08:20] {bruce} bg dino
[08:20] {magoo} ah billy..my visions are of spikes so violent no stop can save u he he
[08:20] {BillyD} ROFLOL
[08:20] {dino} dk
[08:21] {magoo} spikes of magnatude man has never seen
[08:21] {patience} dino, is the beer fridge open already?
[08:21] {magoo} me and dino hit the bar last nite
[08:21] {magoo} HARD
[08:21] {magoo} but hey, we mics
[08:22] {bruce} de stop to 78.50 or so dino?
[08:22] {dino} lol patience
[08:22] {dino} y bruce
[08:22] {esemde} so theoretically you can short the shorts with QID
[08:22] {bruce} thanx
[08:22] {magoo} now es confusing magoo
[08:23] {Threei} was so tempetd by QID at .60
[08:23] {Threei} and decided it was likely to pullback more
[08:24] {dino} sorry bruce too soon
[08:24] {dptl} i got .66 and out .86
[08:24] {bruce} sheesh
[08:24] {bruce} maybe worth try at 78 again?
[08:25] {dino} frigging rinses today, have to go smaller
[08:25] {bruce} k
[08:26] {Threei} firther breakdown should follow guys
[08:26] {Threei} this is not over
[08:26] {magoo} make the call vad...u got the ball
[08:26] {bruce} .37 waqs lod on de from yesterday
[08:26] {bruce} sure enough - bounced there
[08:27] {Threei} in
[08:27] {Threei} .75
[08:28] {dptl} out +.10
[08:29] {dino} like a double bottom from yesterday
[08:29] {magoo} nice quick scalp dp
[08:29] {bruce} yep
[08:29] {dptl} ty
[08:30] {dino} gj
[08:31] {dptl} lucky
[08:31] {Threei} ugh, missd new entry
[08:32] {BillyD} yes
[08:32] {BillyD} I didn't pull trigger
[08:32] {Threei} Bush tv
[08:32] {bruce} that a new channel?
[08:32] {Threei} lol
[08:32] {dptl} lol
[08:34] {dptl} swks short?
[08:35] {dino} i said short him
[08:35] {dino} dji wants 12,041
[08:36] {bruce} not sure
[08:36] {bruce} is bush tv gardening or one of mags porn channels?
[08:36] {lumdus} ibm going now sheesh
[08:36] {dino} oh boy
[08:37] {bruce} long ibm on 104 break dino?
[08:37] {lumdus} maybe 104.10 break
[08:38] {cosmo} i think its a nascar channel bruce ... i think
[08:38] {bruce} good idea lum
[08:39] {lumdus} i am just scalping for +.15 and i am out. recovering nicely in my portfolio
[08:39] {lumdus} xlxn watching for long
[08:40] {Threei} speech is over, market is not impressed
[08:40] {dptl} swks?
[08:41] {Threei} no read by me
[08:41] {dptl} ok
[08:41] {cosmo} done for the day
[08:41] {cosmo} swks
[08:41] {lumdus} what happened cosomo ?
[08:41] {cosmo} swks is in a coma
[08:42] {bruce} big dump ibm - you were on money to wait for break confirmation
[08:42] {lumdus} i actulaaly shorted it
[08:42] {lumdus} got +.45 but something screweey with my quotes today.
[08:43] {cosmo} hmm ...well, you prolly wont get hurt..
[08:43] {bruce} good play
[08:44] {bruce} what was short signal to you?
[08:44] {lumdus} couldn't pass .10
[08:45] {lumdus} watching amzn long
[08:45] {bruce} spwr dino
[08:45] {lumdus} if i could get it close to .50 i happy
[08:47] {dino} dk bruce, just kindda watching things
[08:48] {Threei} anyone got QID for this NQ drop?
[08:49] {esemde} Not I ....but i'm off for the weekend take care...
[08:50] {dptl} was thinking at .51 but no
[08:50] {Threei} take care ese, see you on Tusday
[08:50] {esemde} gonna take my 30}00 loss in SWks and be off
[08:50] {dino} later es
[08:50] {magoo} not i ..after ES..don't know how to play it anymore he he
[08:56] {Threei} [11:26] {Threei} this is not over
[08:56] {Threei} I'd say this is so not over
[08:57] {Threei} bounce time now
[08:57] {Threei} and down again
[08:57] {dino} see my 11:35 post
[08:57] {bruce} ndaq looks weak - any read vad?
[08:59] {Threei} short somewhere close to 37
[09:03] {dino} well i was off by 9
[09:09] {Threei} one more little spike, and down again
[09:10] {dino} ndx is green fwiw
[09:11] {dino} de off of .50
[09:11] {BillyD} timing these turns is tedious
[09:11] {Threei} finger on a trigger
[09:12] {Threei} i .83
[09:12] {Threei} in
[09:12] {lumdus} in what ?
[09:12] {Threei} QID
[09:13] {Threei} .74 stop
[09:13] {dino} logi spike
[09:16] {Threei} out .95
[09:16] {bruce} stopped ndfaq
[09:17] {BillyD} Vad, were you just playing it for a 1:1 scalp
[09:17] {dptl} out +.10 ndaq
[09:17] {Threei} originally no, but lost confidence as it jerked around too much
[09:18] {BillyD} ok,. I was thinking more ended up out flat at .85
[09:18] {BillyD} trading this thing is split second decision/execution
[09:18] {Threei} not always... but with this market action, yes
[09:19] {Threei} QID available for shorting again
[09:20] {Threei} can play both directions
[09:20] {dptl} it's wierd sometimes bids and offers disapiring with no trades
[09:21] {BillyD} yeah, looks thick and then no more...and don't see it on T&S
[09:21] {dptl} and few levels gone
[09:22] {dptl} gotta be really fast
[09:22] {bruce} de stop about 77 dino?
[09:22] {BillyD} it seems stocks are very volatile or a turtle
[09:22] {dino} .99
[09:23] {dino} it seems to be getting stronger
[09:23] {lumdus} yeah, i just need to figure out which way to be on and make the money. right now flaaat as a horse
[09:23] {dptl} Vad that arca issues ......is that arca prob itself or genesis?
[09:24] {lumdus} dpt, my quotes get screwey today. not sure who it is
[09:24] {dino} vad is your problem
[09:24] {Threei} with EDGX it was EDGX... ARCA, not sure, but by the way it goes, seems it's on ARCA side
[09:24] {LaserDave1} Hey guys
[09:24] {BillyD} hey dave
[09:24] {LaserDave1} there are issues with Arca
[09:25] {LaserDave1} many firms have these issues with ARCA tight now
[09:25] {dptl} ok ty
[09:25] {dino} sigm hod
[09:25] {LaserDave1} Genesis is currently putting in new lines a different way to ARCA
[09:25] {lumdus} why is wm running ?
[09:25] {LaserDave1} they should be finished next week
[09:25] {LaserDave1} and ARCA should be awesome with laser again
[09:25] {magoo} hi dave
[09:26] {LaserDave1} if you use laser
[09:26] {LaserDave1} it will be good
[09:26] {BillyD} BTW dave Laser is awesome
[09:26] {dino} de to b/e bruce
[09:26] {bruce} thanx dino
[09:26] {LaserDave1} thanks Billy appreciate it
[09:26] {LaserDave1} it will even be much better once the ARCA issue is taken care of
[09:26] {BillyD} so is LaserDave 1 :)
[09:26] {lumdus} wm !!!@
[09:26] {LaserDave1} ha
[09:26] {LaserDave1} thanks bro:)
[09:26] {BillyD} lol
[09:27] {dino} all luvie dovie today
[09:27] {LaserDave1} ok guys
[09:27] {LaserDave1} group hug time
[09:27] {bruce} out de +.45
[09:27] {BillyD} lol
[09:27] {dino} gj bruce
[09:27] {lumdus} out wm +.42
[09:28] {dino} wtg
[09:28] {bruce} thanx dino
[09:28] {bruce} need some wins
[09:28] {Threei} I am sorry, I just have to chime in here
[09:29] {dino} one bad day bruce, thats all, shake it off. i was negative on wed.
[09:29] {dptl} swks hod
[09:29] {Threei} what is so awesome, I am asking for years to add this feature
[09:29] {Threei} "do not execute losing trades"
[09:29] {Threei} and still can't get them do it
[09:30] {dino} hard wire thing vad
[09:30] {BillyD} I was so happy for a brief while :(
[09:30] {lumdus} wm still going dammit !
[09:30] {Threei} WM takeover chatter
[09:31] {lumdus} shoot i got out too quick
[09:32] {magoo} i have a real estate apptnmt @ 12:45..be back after that in hour
[09:32] {magoo} DO NOT..I REPEAT...DO NOT make any winning trades without magoo lol
[09:33] {lumdus} xlnx might do it
[09:34] {bruce} thanx dino
[09:34] {bruce} hey mags
[09:34] {bruce} be sure to share
[09:34] {bruce} lol
[09:36] {dino} ipcs a bit of blood
[09:36] {dino} out de .00, +.50
[09:37] {lumdus} xlnx either your move now .. or i sell you :)
[09:38] {bruce} congrats dino\
[09:38] {BillyD} you tell'em lum
[09:38] {lumdus} now he got to listen .. you know,
[09:38] {lumdus} s bud
[09:38] {bruce} sigm short here dino?
[09:39] {dino} y
[09:39] {dino} stop wold be hod
[09:40] {lumdus} what an active lunch hour
[09:40] {lumdus} common bud, go down and then i drink some for you ok ?
[09:40] {bruce} missed
[09:42] {bruce} klac short dino?
[09:42] {bruce} forget it - not enough range
[09:43] {dino} dk
[09:44] {lumdus} by the time i could decide which way i guess the market going it already went.
[09:44] {lumdus} amazing to watch this kind of stuff
[09:55] {lumdus} back in wm
[10:01] {dino} markets in limbo
[10:02] {patience} no kidding, i'm in one trade waiting for the squeeze of the shorts
[10:02] {lumdus} yeah, the only one who can make money is dave on commission
[10:03] {dino} lol
[10:04] {dino} sm l ipcs .70
[10:15] {lumdus} s pep
[10:16] {lumdus} .65 s pep
[10:17] {lumdus} out +.30
[10:19] {lumdus} damm. i left 1/2 of it
[10:19] {Threei} looking to short QID for s caklp
[10:20] {Threei} in
[10:20] {Threei} .15 stop
[10:22] {dino} ipcs stopped ave .54, -.16
[10:23] {lumdus} 3i, with pep i had .30 profit and ran and now.. damm could get another .50 - did i do something wrong or take your chances
[10:24] {Threei} just a personal choice... there is no way in this volatility to tell what is going to continue and what will bounce right back
[10:24] {BillyD} QID stopped me
[10:25] {lumdus} ok, as long as i am not mi-trading tx
[10:25] {bruce} short in qid based soley on nq vad?
[10:25] {bruce} nice small stop there dino
[10:26] {bruce} was afraid of that one since it was so thin
[10:29] {dino} me too
[10:30] {bruce} I actually bid - then chickened out and cancelled
[10:30] {bruce} cluck
[10:30] {bruce} cluck
[10:30] {patience} that's ok bruce.....today is a tough day to trade
[10:30] {bruce} thanx patience
[10:30] {bruce} they all are for me
[10:31] {lumdus} yes, crazy tuff. no follow thru jerking me all day here ..
[10:32] {bruce} we missed hig dino
[10:32] {bruce} had a nice recovery
[10:32] {BillyD} Vad, on QID...did you take a quick small scalp on it
[10:32] {BillyD} in mid in .96 area earlier
[10:32] {Threei} 1 sec
[10:32] {Threei} done
[10:32] {Threei} no, got stopped and reentered
[10:33] {BillyD} ok
[10:33] {bruce} sigm hod
[10:33] {Threei} should have taken that scalp you mentioned, it was at 1:1
[10:33] {Threei} missed cover due to outside distraction
[10:33] {BillyD} yeah, but geez you think it would have given us a little more
[10:34] {lumdus} any chance of a nice rebound .. h
[10:34] {Threei} second time around it looked more confident
[10:34] {Threei} first was in the same jerky jerkty department
[10:34] {BillyD} yes, gonna be a bit more patien here
[10:34] {BillyD} we were on the cusp on first one
[10:35] {Threei} how many sares of it you trade Billy?
[10:35] {Threei} shares even
[10:35] {BillyD} that time 500
[10:35] {BillyD} -.12 on stop
[10:35] {Threei} you know, try cutting it down to 300 these days, you'll be surprized
[10:35] {BillyD} I have sometimes
[10:35] {Threei} it makes much bigger moves than usual,
[10:35] {Threei} so less size will still yeiled very nice profits
[10:36] {BillyD} ok, will do
[10:36] {BillyD} it still hit the stop
[10:36] {Threei} however, on a stop side it will give you more breathing room to account for heightened volatility
[10:36] {BillyD} regardless
[10:36] {BillyD} very true
[10:36] {Threei} and even when hits even padded stop,
[10:37] {Threei} you will feel more confident for another try
[10:37] {BillyD} that's the key
[10:37] {BillyD} staying confident
[10:38] {BillyD} sometimes when you get jerked around and barely stopped a few times....you want to kick the stock off screen :)
[10:38] {lumdus} yeah, trying that now billD
[10:39] {bruce} taking break and walk
[10:52] {BillyD} long day so far
[10:53] {dino} yeah
[10:53] {lumdus} since i started trading .. rough all along - does it ever get better ?
[10:53] {BillyD} vad, IDIX holds well considering all things and recent move
[10:56] {Threei} fall was very good
[10:56] {Threei} I would keep an eye on it billy... but not rush in
[10:57] {BillyD} yes, will wait for things to turn up a bit
[10:57] {BillyD} Lum, I thought you were doing well from your trades I saw
[10:57] {lumdus} yeah, some volume anyway is good .. geesh even rimm aint moving
[11:01] {Threei} no technical read, just a feeling:
[11:01] {Threei} masrket is more likely to go down from here so look to go long WID
[11:02] {dptl} qid youmean
[11:02] {lumdus} i am looking sideways as usual
[11:02] {Threei} yes
[11:03] {lumdus} look how tight amzn is trading.. that tells me nothing going to move either way
[11:06] {lumdus} nihd having problems all day. 3i, would you look to short it on break ?
[11:06] {dptl} damn thing shaked me out again
[11:06] {lumdus} who nihd ?
[11:07] {dptl} qid
[11:11] {Threei} not sure lum
[11:12] {dptl} in .06 qid
[11:13] {lumdus} 3i, you not sure if this will ever get better ?
[11:13] {Threei} huh?
[11:13] {Threei} you asked about NIHD
[11:14] {lumdus} oh, yeah, i left it already
[11:15] {dptl} stopped
[11:18] {BillyD} tough one eh dp
[11:19] {dptl} ye
[11:20] {lumdus} whole damm market is tought. i am watching 5 normal active stocks and they aint moving
[11:20] {Threei} frida before the long weekend after such a nervous week
[11:21] {Threei} what do you expect, normal orderly trading?
[11:21] {lumdus} tx for the heads up.. now i know
[11:21] {Threei} just FYI, I said it in the morning
[11:21] {Threei} as a warning
[11:22] {lumdus} ok, good heads up
[11:29] {lumdus} thank you .. i see your post
[11:30] {lumdus} need to be me more alert
[11:30] {bruce} gme at yesterdays low dino
[11:31] {lumdus} 3i, i know you don't look at nyse usually. can you check mo for short ?
[11:31] {Threei} I increasingly do look at it
[11:32] {lumdus} ok, and what you think ? has more downside ?
[11:32] {Threei} it does, my concern is, risk is very high here... it already made more than its usual daily reange
[11:32] {Threei} and nears major supports on daily
[11:33] {lumdus} just feels like a nice rop on it any second
[11:33] {Threei} true
[11:34] {magoo} back
[11:34] {lumdus} i could already see it by 73 :)
[11:34] {dptl} out qid+.38 damn thing
[11:34] {lumdus} a break of 75 and this goes bang kaboom
[11:34] {Threei} finally dp
[11:34] {dptl} ye ...took me three trys
[11:35] {Threei} that's the most irritating component of last week:
[11:35] {Threei} it IS possible to read the direction, and I do it mostly right,
[11:35] {Threei} but to find the entry that won't shake you out before going where it should
[11:35] {Threei} is totally another matter
[11:36] {dptl} yes to many shakes this week
[11:36] {Threei} in a paradixical way, this is the market where undisciplined trader may sometimes perform better
[11:36] {lumdus} hmm, now i understand why i did well :)))
[11:36] {Threei} lol
[11:37] {Threei} he shrugs, ignores his stop, turns away and prays,
[11:37] {Threei} in 30 min he is nicely in the money,
[11:37] {Threei} never mind that his loss at some point was twice his stop :)
[11:37] {lumdus} you in my head or something .. get out of it now !!
[11:38] {Threei} nah, just have a camera over your shoulder
[11:38] {dptl} look at this i got filled at .79 right at the top rearly happens to me
[11:38] {Threei} but you can't demand to turn it off - that would put you at unfair advantage vs other room members
[11:38] {Threei} (magoo, leave that beer alone, will ya)
[11:39] {dptl} another entry?
[11:40] {Threei} dp... you know what dino will say about that, right?
[11:40] {dptl} luck
[11:40] {Threei} yes :)
[11:40] {Threei} well, by chart it is
[11:40] {Threei} a850 is NQ resistance to short of
[11:40] {dptl} ah too late
[11:40] {Threei} 1850
[11:40] {Threei} but you see how it goes today:
[11:40] {Threei} it comes to resistance, hesitates, breaks it
[11:40] {Threei} goes much higher
[11:40] {lumdus} ok, so where we at now ?
[11:41] {Threei} and then reverses only after all who tried to short give up
[11:41] {Threei} that's your shakeouts
[11:41] {Threei} so how about we try and account for that
[11:41] {Threei} leave it be here
[11:41] {Threei} let it try and do this trick again
[11:41] {dptl} ye you right
[11:42] {Threei} if it does, cool, you avoided shakeout and found better entry
[11:42] {Threei} if it doesn't so what
[11:43] {lumdus} damm mo, still not moving the big drop. common hit it now !
[11:43] {BillyD} lol
[11:44] * Threei hits MO over the head with 2x4
[11:44] {lumdus} thank you much more. let me know when to scoot !
[11:45] {Threei} there is no way to read it unless it does vertical drop lum
[11:45] {Threei} just trail stop, don't let profit slip away
[11:46] {Threei} 75.01 now, IMO
[11:46] {lumdus} ok, i'll lock it .50 profit and hope for the best . tx
[11:46] {Threei} lost .80, can trail to .91
[11:46] {lumdus} ok
[11:47] {Threei} but honestly, I would still keep it at 75.01
[11:47] {lumdus} ok
[11:47] {lumdus} compromosie .93
[11:47] {Threei} as we near end of day, selloff is still more likely than sizeable bounce IMO
[11:48] {lumdus} ok, then i risk it .. thanks. it just looked so damm weak it actually asked me to short it
[11:48] {BillyD} dino, your Dow number hit and then some
[11:48] {dptl} xlnx short?
[11:48] {Threei} 1840 breakdown NQ would form inverted C&H on 1 min
[11:49] {Threei} hmmm
[11:49] {Threei} not the best candidate, dp
[11:49] {dptl} ok
[11:51] {lumdus} vad, trail now ?
[11:51] {Threei} .91 now for sure
[11:52] {Threei} die NQ
[11:52] {lumdus} vad, you see if this was a quick sell i would cover.. but it is slowly painfully going dow i think i get much more from those moving quick.
[11:52] {Threei} that's the way
[11:54] {BillyD} I can see the move on QID L2 before on NDX chart candle
[11:54] {lumdus} vad mo, bouces a drop and then takes a dip again. if it bounces above .84 i am out
[11:55] {Threei} whatever happens after that, it's a beautiful trade
[11:55] {lumdus} i watied all day for this trade, man it got very frustrating today.
[11:56] {lumdus} i thihk it might be over for now .. oh, shoot
[11:56] {lumdus} out
[11:56] {lumdus} tx vad for the help
[11:57] {lumdus} +.75
[11:57] {Threei} wtg'
[11:57] {Chaeron} niiiicee
[11:57] {BillyD} gj
[11:57] {patience} sweet
[11:57] {lumdus} tx
[11:58] {bruce} calling ita day - reached myt loss limit again
[11:58] {bruce} see you all next week
[11:59] {BillyD} bye bruce
[12:00] {Threei} let's see if this shake is over
[12:00] {lumdus} need to reboot
[12:01] {dino} shorts going to cover
[12:01] {Threei} .19 - .42 scalp
[12:01] {BillyD} wow, just got QID at .23 and out at .38, .43
[12:01] {BillyD} feel like a hero
[12:02] {BillyD} lol
[12:02] {Threei} :)
[12:02] {dptl} nice
[12:02] {patience} great feeling :)
[12:02] {dino} gj
[12:02] {Threei} scenario decsribed earlier worked like charm
[12:02] {Threei} about shakes that go way deeper than expected
[12:03] {Threei} when it got ridiculous, opportinity jumped on you
[12:03] {BillyD} kinda like golf dino....1st 17 holes frustrating and last one good makes you come back
[12:03] {BillyD} yes Vad
[12:04] {Threei} just don't club it with your titanium whatever you use
[12:04] {Threei} opportunity I mean
[12:04] {BillyD} nah...nice easy pitching wedge for small accurate shot
[12:04] {Threei} btw,
[12:05] {Threei} how many shares?
[12:05] {BillyD} 300
[12:05] {Threei} there you go
[12:05] {Threei} lowering size worked too
[12:05] {Threei} freed mind for intuitive perception
[12:05] {Threei} by removing fear factor
[12:05] {Threei} enough psycho-babble for you?
[12:06] {BillyD} past that stuff
[12:06] {Threei} 'cause I can also go on about childhood issues
[12:06] {Threei} ice cream sister never bougth you
[12:06] {BillyD} u sure u want to...hehe
[12:07] {Threei} :)
[12:08] {Threei} timely cover MO, lum
[12:09] {lumdus} tx
[12:09] {Threei} went above 75, why give up that chucnk of profit
[12:09] {lumdus} nvda .. missed
[12:09] {lumdus} yeah, that was it
[12:10] {dino} de l .25 sm
[12:14] {lumdus} xmsr take off !
[12:16] {Threei} i don't see news
[12:16] {Threei} another round of merger rumors?
[12:17] {Threei} probably, SIRI went too
[12:18] {lumdus} amzn if market turn around i think ihope
[12:19] {lumdus} looks like panic out there
[12:20] {BillyD} I dont see it....imo
[12:22] {dino} de stop is .98
[12:23] {dino} stopped -.27
[12:24] {lumdus} maybe just alot of indecision out
[12:25] {BillyD} yeah, you will know a panic when it happens
[12:25] {cosmo} or more likely, immediately afterwords...
[12:26] {BillyD} yes cosmo
[12:26] {lumdus} why did xmsr runup ?
[12:26] {BillyD} don't know
[12:26] {lumdus} wonder if there is a re-entry here or it's done
[12:27] {Threei} [15:16] {Threei} i don't see news
[12:27] {Threei} [15:16] {Threei} another round of merger rumors?
[12:27] {Threei} [15:17] {Threei} probably, SIRI went too
[12:28] * magoo slaps Threei around a bit with a large trout
[12:29] {Threei} hmmm
[12:29] {Threei} what did I do
[12:29] {Threei} this time
[12:30] {lumdus} look at amzn .. can't move an inch either way. can't trade anything
[12:30] {cosmo} xlnx testing hod
[12:30] {cosmo} soon
[12:32] {lumdus} ok, amzn break 80 and run and let me catch you.
[12:34] {lumdus} vad, you think we go up or down by close or a 50/50
[12:34] {Threei} 51/49... but I don't know in what favor
[12:35] {lumdus} great answer.. my feelings exactly
[12:35] {Threei} I stll feel down is more likely
[12:37] {dino} close -44 dji, comp -6
[12:37] {dino} for a beer
[12:37] {patience} day after options expiry is usually a down day so i vote for down before close today
[12:38] {dino} ok 50 more pts up dji
[12:38] {cosmo} xlnx testing hod .52
[12:39] {cosmo} slippery devel...
[12:39] {lumdus} short hon 55.01 stop 55.09
[12:40] {lumdus} everything whippy i will risk very limited cash in any trade now.
[12:43] {lumdus} hmm, maybe i should just quit while i am ahead ..
[12:44] {lumdus} xmsr reload ?
[12:45] {Threei} no idea, there is nothing technical to this move
[12:45] {Threei} opure momo on rumors
[12:45] {lumdus} yeah, sure is trading like momo
[12:46] {magoo} i have to say it.u guys/gals{patience} think today was hard or easy trading day?
[12:46] {patience} croak
[12:47] {patience} 1 trade and it was fussy
[12:47] {lumdus} very hard trading today
[12:47] {magoo} vad??
[12:47] {dino} de rinsed
[12:48] {Threei} don't look at me, I wasn't here even
[12:49] {dino} hard day magoo, imo
[12:49] {magoo} what u mean? I wasn'ty here..u were
[12:49] {Threei} OK, careful long QID
[12:49] {lumdus} it has been hard since i joined
[12:49] {Threei} .95 trigger
[12:49] {Threei} if holding above .85
[12:49] {Threei} oh, it's lum's fault
[12:49] {lumdus} 10 minutes left to rading
[12:50] {magoo} get him guys
[12:50] {lumdus} common, i was good today. posted 2 good trades
[12:50] * magoo slaps lumdus around a bit with a large trout
[12:51] {lumdus} looks like qid triggered.
[12:51] {Threei} half out QID
[12:51] {Threei} triggered? it's already over 1:1, lol
[12:52] {magoo} roflol vad
[12:52] {BillyD} you guys are killing me
[12:52] {dptl} :)
[12:52] {BillyD} comical
[12:52] {Threei} stop to .89
[12:54] {Threei} it's magoo's fault, he stunned lum with trout
[12:54] {Threei} stop to .94
[12:54] {magoo} i was looking for some help too
[12:54] {lumdus} yeah magood.. you trhough me off my game here ..
[12:54] {dino} gj
[12:55] {magoo} was hoping to slap u right out of room..we've done that before
[12:55] {magoo} a rapid barrage of well placed slaps
[12:55] {Threei} plus a bribed technician cutting off your cable
[12:56] {BillyD} nice QID read Vad
[12:56] {Threei} stop to .99
[12:56] {Threei} no lose trritory
[12:56] {Threei} scalpers are out of course
[12:56] {Threei} ty billy
[12:56] {Threei} sheesh XMSR
[12:56] {lumdus} out xmsr
[12:57] {lumdus} .23 out
[12:57] {lumdus} gosh .. didn't even see it go
[12:57] {magoo} billy, next time u better help when i put out the call-to-arms bro :)
[12:57] {Threei} it didn't
[12:57] * BillyD slaps lumdus around a bit with a large trout
[12:57] {BillyD} sorry for delay
[12:58] {Threei} lol
[12:58] {Threei} ok guys, calling it a day
[12:58] {lumdus} the best feature i like is the trailing stos. i had .10 offest and just takes care of itself
[12:58] {Threei} have a good relaxing long weekend
[12:58] {BillyD} have a nice 3 day wknd everyone
[12:59] {lumdus} nice weekend and thanks
[12:59] {Threei} see you on Tuesday for a nice ordely trading with 98% success rate
[12:59] {lumdus} i guess monday we off ?
[12:59] {dptl} have a good weekend all
[12:59] {Threei} ok, 97
[12:59] {patience} monday, i am working....toronto is open
[12:59] {patience} nobody to keep me company :(
[12:59] {magoo} ty vad, ty everybody
[13:00] {magoo} gonna miss u monday
[13:00] {dino} i am downloading tradelog tax info
[13:00] {dino} markets worsty week in 5 years
[13:01] {cosmo} tuesday?
[13:01] {cosmo} not monday?
[13:02] {cosmo} checking
[13:02] {Threei} I'll drop by to say "nya nya nyanya nya" patience
[13:02] {patience} cosmo as a point, the market is closed on monday isn't it?
[13:02] {cosmo} it is?
[13:03] {magoo} yes, us mkts closed, some sort of holiday
[13:03] {dino} take care all

January 17, 2008

Session Start: Thu Jan 17 00:00:00 2008

Session Time: Thu Jan 17 00:00:00 2008

[04:51] {Threei} AMTD
[04:51] {Threei} REPORTS Q4 $0.40 V 0.39E, R $642M V $623.7ME
[04:51] {Threei} -Client Assets $300B, +6% y/y
[04:51] {Threei} -Net Interest Margin 3.86% v 3.64% q/q
[04:51] {Threei} -Avg Client trades 321.7K v 277.9K q/q with 5% active vs 3.8% active last year
[04:51] {Threei} -Avg Yield per trade $12.84 v $13.00 q/q
[04:52] {Threei} feeds off EFTC or what? :)
[04:52] {hawkfan4} would you blame them :)
[04:53] {Threei} not really
[04:53] {Threei} if you see a man on abrink of abyss, be merciful and push him
[04:54] {hawkfan4} LOL, especially if he's a trader
[04:54] {Threei} "It's a jungle out there baby"
[04:54] {hawkfan4} tough market, longing for the "easy" market of 2007
[04:55] {Threei} video illustration to above: http://www.realitytrader.com/vad/playing%20nice.gif
[04:55] {Threei} it will be back... cycles, you know
[04:55] {hawkfan4} lol, that's funny stuff
[04:58] {Threei} this period we are going through is just high emotions stage
[04:58] {Threei} readability is much tougher in the hottest moment
[04:59] {Threei} too many conflicting interests and emotions, movements become jerkier
[05:00] {Threei} noticed how much easier trading is in stocks that for this or that reason move on their own merit, with no regard to market?
[05:01] {hawkfan4} absolutely! even those are getting jerked around a bit in this. quick scalping is the way to go, i'm sure you wouldn't argue with that
[05:01] {Threei} well... if I would, it would be only out of general habit to argue with everything {G}
[05:02] {hawkfan4} lol
[05:03] {Threei} people that have to endure me in day-to-day life know well how annoying "ever the contrarian" can be :)
[05:05] {Threei} FRPT another contract... what a dog
[05:05] {hawkfan4} a permenant memeber of my "no-trade" list
[05:06] {Threei} I never made it official for myself... but yeah, I do avoid it for quite a while
[05:09] {Threei} CHINA is another one on that list... and tries to move today too
[05:10] {hawkfan4} yeah, i usually avoid those, CHINA, ASIA, moves are too erratic. I prefer easier ones, like COIN {g}
[05:11] {Threei} lol
[05:11] {Threei} well... surprizingly COIN/SEED kind can be very easy to profit from at the right time
[05:12] {hawkfan4} absolutely. SEED i actually bought the day before the move and held over night. Just looked right to me
[05:12] {Threei} I know the feeling
[05:12] {hawkfan4} COIN has that look but it needs the market
[05:12] {Threei} you look at it and just know what is going to happen
[05:13] {hawkfan4} absolutely
[05:14] {Threei} SEED had all the "facial features" of momo in the making
[05:14] {Threei} although for the world of me I wouldn't be able to put them in words
[05:17] {hawkfan4} the solar decimation has been amazing. some cut in half in 2 weeks
[05:19] {dptl} good morning all
[05:19] {Threei} dp :)
[05:19] {dptl} woke up early today for some unknown reason
[05:20] {Threei} same here
[05:20] {dptl} hmm
[05:37] {magoo} morning rt
[05:38] {Threei} magoo :)
[05:45] {magoo} vad, penguins are too funny lol
[05:45] {Threei} :)
[05:47] {cosmo} FRPT
[05:47] {magoo} i sent them to my wife
[05:47] {magoo} reminds me of our marriage relationship
[05:48] {magoo} im the 1 taking the drink sigh he he
[05:48] {Threei} lol... just wanted to say, don't give her ideas
[05:51] {BillyD} morning guys
[05:52] {Threei} billy :)
[05:52] {Threei} keeping an eye on solars for bounce
[05:52] {Threei} SOLF, CSIQ
[05:55] {cosmo} LOGI
[05:58] {magoo} JASO vad, toughie, but could go multiple points if solars are revitalized
[05:59] {Threei} yes... one of those "if you can handle the volatility"
[06:03] {BillyD} don't see anything that reall y stands out so far
[06:03] {Threei} no
[06:03] {BillyD} ty
[06:08] {bruce} that was odd to hear a call from you in IBM yesterday vad
[06:08] {bruce} NEVER HEARD YOU TRADE THAT BEFORE
[06:09] {bruce} google today?
[06:09] {Threei} well, listed ones started trading in more modern way relatively recently
[06:09] {bruce} k - just such a name brand - you usually stay away from them
[06:10] {Threei} mostly because they don't tend to move nicely
[06:10] {Threei} but IBM did yestyerday
[06:10] {dino} gm all
[06:11] {Threei} dino :)
[06:11] {BillyD} dino :)
[06:13] {dino} :)
[06:13] {esemde} ah ha!!!!am in...my kids disconnected cable to computor.....
[06:13] {Threei} lol
[06:13] {Threei} hi ese :)
[06:13] {esemde} how are you alll
[06:14] {Threei} well... cat yesterday elected to grab the cable modem with both paws, and drop on the floor with it
[06:14] {Threei} guess what... I haven't even lost connection
[06:15] {bruce} that cat doesn't want you trading vad
[06:15] {Threei} well, it sure wants to eat
[06:16] {esemde} this computor is an antique.....least little thing goes wrong....i'm toast
[06:16] {Threei} so it will have to make its peace with me trading
[06:16] {BillyD} windows 3.1 ese?
[06:16] {bruce} looking at listed - mck looks poised for breakout if it goes beyond 68.40
[06:16] {Threei} couple big offers chase SOLF down
[06:17] {esemde} ha ha ha not quite....tower of this particular computor 1998
[06:17] {Threei} one stays at .70, another moves down with price
[06:17] {BillyD} 95' lol
[06:17] {magoo} solf your prime candidate so far vad?
[06:17] {esemde} have a toshiba tecra A4 laptop
[06:17] {esemde} also
[06:17] {BillyD} WIN 98?
[06:17] {Threei} just one of... but I like these offers as an indicator of strength if taken
[06:18] {Threei} or if the cancel as soon as they got it where they want to buy :)
[06:18] {Threei} both SOLF and CSIQ sold down into big support area on daily
[06:18] {esemde} no...actual year of computor
[06:18] {Threei} started showing signs of bounce
[06:19] {BillyD} ok
[06:19] {esemde} not upgradable
[06:19] {Threei} if market finally shakes off this persistent selling, they are good once to ride the wave
[06:20] {esemde} am also looking at them Vad...my solar screen ...green most of it
[06:20] {bruce} zion vad ? anopther possible reversal candidate
[06:21] {Threei} unfamiliar to me bruce, got to look how it trades
[06:21] {magoo} fslr has 20-30 points of bounce potential if the scenario developes
[06:22] {BillyD} Vad, thought you might like to know.....I broke down and replaced 7 yr old mouse
[06:22] {Threei} unlike solars that had nice momo just recently, ZION was under selling pressure for quite a while
[06:22] {Threei} hmmm... then mine maybe approaching the end of its life cycle too billy...
[06:23] {cosmo} 7 years is pretty good for a mouse
[06:23] {roeder} solf
[06:24] {cosmo} LOGI pre mkt high = 27.82 ...so far
[06:24] {cosmo} ... if its a healer..
[06:29] {dino} spwr more blood
[06:30] {Threei} SOLF .75 half lot long
[06:31] {Threei} if loses .40, will wait
[06:32] {Threei} CSIQ behaves better
[06:33] {magoo} fslr bounce time
[06:33] {Threei} SOLF setup is back
[06:33] {Threei} ugh
[06:33] {magoo} in SOLF .69
[06:33] {Threei} blasted through
[06:33] {Threei} good reflexes magoo
[06:34] {dino} spwr sm l 87.50, wide
[06:34] {magoo} wait 21
[06:34] {Threei} CSIQ, watching if get pullback to about .40
[06:34] {magoo} OUT
[06:34] {magoo} ty vad
[06:34] {Threei} wtg
[06:34] {Threei} welcome
[06:35] {Threei} beat me on exit, I dumped .91
[06:35] {magoo} got lucky entry
[06:35] {magoo} hey arca good today, mine hidden
[06:35] {dino} gj
[06:35] {Threei} 21 break solf
[06:35] {magoo} ARCA ok?
[06:35] {Threei} stop under .80
[06:36] {Threei} sdo far yes
[06:36] {Threei} OK, CSIQ near .40, watch for strength
[06:36] {magoo} ty
[06:36] {bruce} l spwr 86.6
[06:37] {Threei} solf .56 long, stop under .50
[06:38] {dptl} stopped
[06:38] {magoo} in CSIQ .32
[06:39] {bruce} stopped spwr -.23
[06:39] {Roman} DNDN watching
[06:39] {Roman} maybe a slow riser
[06:40] {Roman} taking small 6.55
[06:40] {Roman} NVDA
[06:40] {Roman} bouncer with NQ
[06:41] {Roman} we got some economic ### due at 10:00 a.m.
[06:41] {Roman} some some NVDA small 24.22
[06:41] {magoo} wait .89 csiq
[06:42] {magoo} out TY vad
[06:42] {BillyD} gj magoo
[06:42] {Threei} good one
[06:42] {dino} i think bernie speaks at 10
[06:42] {magoo} i hit first strenghth your call
[06:43] {Threei} don't chase them, pullbacks are brutal
[06:43] {Threei} wait for pullbacks, time entry with NQ upward move
[06:45] {Threei} CSIQ, 18.80 is area to watch for entry on pullback
[06:46] {Threei} if holding above .20, then .50 long trigger
[06:47] {magoo} going 20 before 18.80
[06:47] {Roman} long ESLR
[06:48] {Roman} full size 13.09
[06:52] {magoo} u reloading csiqw vad off .50 here?
[06:52] {Threei} yes if NQ breaks 1905
[06:52] {Roman} out NVDA
[06:52] {magoo} naz should brearthe here imo
[06:53] {Roman} out ESLR
[06:53] {Roman} -.03
[06:53] {dino} out spwr 88.28, +.78
[06:54] {magoo} here it comes...ben approaching too
[06:54] {bruce} nice dino
[06:54] {magoo} can not imagine ben crushihg nmkt
[06:54] {magoo} comes=breather
[06:55] {dino} lucky bruce nasty pullback
[06:55] {magoo} i know dino.anything can happen
[06:55] {magoo} :)
[06:55] {dptl} stopped eslr -.17
[06:56] {bruce} same dp
[06:56] {dino} bernie in 5
[06:58] {magoo} careful with naz here..decision time
[06:58] {BillyD} is there an actual rate cut decision?
[06:58] {magoo} no. ..speach
[06:58] {BillyD} ok
[06:58] {magoo} but talk coulfd move mkts
[06:58] {magoo} mkts looking..desperate for anything to bounce
[06:59] {BillyD} even if he smiles
[06:59] {bruce} yes - enterd $1 below you and still got stopped dino
[06:59] {bruce} didn't allow enough
[07:00] {BillyD} arca sticking
[07:00] {Threei} *JAN PHILADELPHIA FED INDEX: -20.9 V -1.0E
[07:00] {magoo} breaking news
[07:00] {Threei} huh?
[07:00] {magoo} cnbc
[07:01] {Threei} -20.9 V -1.0E?
[07:01] {magoo} [09:58] {magoo} careful with naz here..decision time
[07:01] {magoo} exact
[07:01] {Threei} FED'S BERNANKE: FISCAL STIMULUS COULD BE HELPFUL IN PRINCIPAL, CORE INFLATION HAS STEPPED UP RECENTLY- Says inflation should moderate this year and next, vows substantive rate cuts if needed
[07:01] {Roman} NAZ green today
[07:01] {magoo} magoostradamas lives
[07:01] {Roman} IMO
[07:01] {dino} blah, blah, blah, moving on
[07:02] {magoo} vad, u win ..csiq hit 18.80 before my 20 :)
[07:02] {bruce} grmn worth try long?
[07:03] {Threei} and bouced right off it
[07:03] {bruce} stopped dndn
[07:03] {Threei} bruce, yes but not righto selling
[07:03] {magoo} edge issues again notice...worthless exchange
[07:03] {BillyD} gonna let the mkt digest this
[07:04] {magoo} yes..i out of all
[07:04] {magoo} lets see
[07:04] {Threei} GRMN close to 64
[07:04] {bruce} k
[07:04] {bruce} thanx vad
[07:05] {Threei} bid it here
[07:06] {Threei} ARCA started its bs magoo, keep it off
[07:06] {magoo} oh ok ty
[07:07] {dptl} stooped grmn.......
[07:07] {magoo} funny..never used or knew how to hide with 3 yrs of laser..now use it everyday
[07:07] {magoo} he he..the little things
[07:08] {BillyD} after several lessons you got it
[07:08] {BillyD} :)
[07:08] {magoo} UBSST? whats that one?
[07:08] {dptl} mm
[07:08] {bruce} stopped grmn -.30
[07:11] {Threei} that Phil index seems to be not a mistype
[07:11] {Threei} *JAN PHILADELPHIA FED INDEX: -20.9 V -1.0E, LOWEST READING SINCE OCT 2001
[07:11] {Threei} - Employment: -1.5 v 0.5 prior
[07:11] {Threei} - Prices Paid: 49.8 v 35.0 prior
[07:11] {Threei} - Inventories: -6.7 prior
[07:11] {Threei} - Six-month business conditions outlook: 5.2 v 7.7 prior
[07:13] {Threei} NVDA, watch if it's abale to hold .30
[07:13] {bruce} stopped again grmn -.20
[07:13] {Threei} bruce... falling knife...
[07:14] {bruce} tried for bounce of 63
[07:14] {dino} meli
[07:15] {Threei} lost .30 NVDA, no play for now
[07:15] {magoo} ben on cnbc
[07:16] {magoo} i guess he is killing it..dino right..u never know
[07:16] {magoo} vad "ben bounce too obvious"
[07:17] {dino} meli l trig 50.25 imo
[07:18] {dino} nah, market falling
[07:20] {bruce} uptend in mon definitely done patience
[07:20] {magoo} vad, pull up qqqq minute chart
[07:20] {magoo} nasty bear
[07:20] {Threei} I watch NQ
[07:21] {magoo} oh..ok...be that way
[07:21] {magoo} :)
[07:21] {cosmo} QID nice rally
[07:21] {bruce} you waiting for meli to uptick dino?
[07:23] {dino} ensg
[07:23] {dino} no
[07:24] {Threei} BERNANKE:SEES ECONOMY CONTINUING TO GROW, EXPECTS BELOW TREND GROWTH UNTIL EARLY 2009 -
[07:28] {dino} wow dji -500 pts since monday
[07:31] {dino} aapl lod
[07:31] {dino} rrst blood
[07:34] {dino} he has given the shorts the worry-free trade by no surprise, getting too close to meeting to bother
[07:34] {dino} pcln
[07:35] {bruce} maybe we should be shorting instead of trying longs?
[07:35] {Threei} who is trying longs?
[07:35] {cosmo} qid
[07:35] {dino} just sit back and wait.......down hard
[07:35] {Threei} QID goes up by definition when NASDAQ goes down
[07:36] {BillyD} it seems QID makes move before I can see it on QQQQ
[07:36] {cosmo} 1.5 times more leverage too
[07:37] {cosmo} ... or something like that
[07:37] {dino} watch the $ndx
[07:37] {dino} bd
[07:37] {BillyD} use to and switched
[07:37] {BillyD} I'll try...thx
[07:37] {dino} man i missed pcln l
[07:38] {dino} apol
[07:39] {Threei} IBM short half lot
[07:39] {Threei} stop .51
[07:39] {dino} eqix
[07:39] {dino} sm l .35
[07:40] {Threei} 1:1 IBM
[07:40] {BillyD} nice Vad, put order in .30 and missed...thought for sure a fill
[07:41] {BillyD} forget....NYSE
[07:41] {dino} too soon stopped -.40
[07:41] {Threei} couple cents out of market on it usually do the trick
[07:41] {Threei} nah, it's mostly ECN trading these days
[07:41] {Threei} quite nice fills
[07:41] {BillyD} saw a bid at .30 when enetered...then it turned oh well
[07:41] {Threei} nothing like it used to be
[07:42] {BillyD} not sure if NYSE was bid at time
[07:42] {Threei} do same thing as on NASDAQ, limit order a few cents out of market
[07:42] {dino} eqix maybe rinsed, double bottom
[07:42] {Threei} long now IBM
[07:42] {Threei} stop under 102
[07:42] {dino} meli l .25 break
[07:43] {dino} apol strong
[07:45] {bruce} missed meli entry
[07:46] {dino} mdtl spike
[07:46] {dino} got it
[07:46] {dino} eqix l .00 imo
[07:47] {Threei} trailing IBM to under .10
[07:51] {bruce} stopped IBm
[07:51] {bruce} sheesh - 6 straight losses today - no wins
[07:51] {BillyD} mkt drop killed it
[07:51] {magoo} i think roman correct...mkts green at close...just a feeling
[07:52] {magoo} rough ride tho
[07:53] {magoo} sorry to hear bruce...take a break..do not push
[07:55] {dino} we all have those days bruce
[07:55] {bruce} thanks dino, mags
[07:55] {bruce} been one of those months
[07:55] {magoo} its been a tough month in my opinion...been saying that
[07:55] {bruce} course ibm goes now after stopping me
[07:56] {magoo} i am sizing down a little and widening stops to avoid rinses...equals same stop loss of $200
[07:57] {dino} thats what i did magoo, 300 share lots
[07:57] {magoo} yeah..u gave me that advice..been working this week
[07:57] {dino} meli and eqix working
[07:57] {bruce} me too mags - going small
[07:57] {dino} anyopne took tighten or get out
[07:58] {magoo} vad had 2 quid calls yesterday that rinsed than ran
[07:58] {bruce} \missed em dino
[07:58] {dino} there will be 5 more today. no worries
[07:59] {magoo} nasty jerking..so if IF i have a feel of direction...want to give it a lil room..but need to protect so size accordingly
[08:01] {dino} out eqix 77.35, +1.35
[08:02] {dino} way soon
[08:03] {dino} sigm
[08:03] {dino} l .45
[08:03] {dino} stop lod
[08:05] {esemde} take care everyone..have a great rest of the day...mostly watching the last couple of days...can't make hide nor hair of the market...best leave it up to the pros.....that would be you!
[08:05] {magoo} wait ES!
[08:05] * magoo slaps esemde around a bit with a large trout
[08:05] {esemde} what....
[08:05] * magoo slaps esemde around a bit with a large trout
[08:05] {esemde} huh!!!
[08:05] {Threei} are you ever glad you waited
[08:05] {dino} cya es
[08:06] {esemde} i'm otta here
[08:06] {magoo} now u can go he he..have good day:)
[08:06] {bruce} l sigm .41
[08:06] {bruce} see you ese
[08:06] {BillyD} bye ese
[08:08] {dino} comp green
[08:10] {bruce} sigm stop to .20
[08:12] {dino} agree
[08:15] {Threei} does NASDAQ look like dropping again to you?
[08:16] {dino} y
[08:16] {Threei} long QID then
[08:16] {dino} sigm stopped -.26
[08:16] {bruce} stopped sigm
[08:18] {dino} good stop
[08:19] {bruce} thanx dino
[08:19] {bruce} 7 in row now though
[08:19] {dino} it rinsed us, lol
[08:19] {dino} no time to be a hero
[08:24] {dino} wabc
[08:25] {Threei} here goes QID
[08:25] {magoo} wheres your entry?
[08:25] {Threei} was at .67 at the time, don't even think about entering that high
[08:26] {magoo} ok..gotcha boss
[08:31] {dino} wabc s .00, stop .33
[08:32] {bruce} tried but not shortable here dino
[08:33] {dino} who you have
[08:33] {dino} exac
[08:34] {dino} too thin
[08:34] {bruce} laser genesis dino
[08:34] {bruce} pretty good with short list most of time
[08:35] {magoo} bruce, u retail or bear?
[08:35] {bruce} bear
[08:36] {magoo} ok, cool
[08:36] {bruce} works for me
[08:36] {dino} wabc bstop to .12
[08:37] {Threei} dino
[08:38] {Threei} MON, down very 10 points third day in a row
[08:38] {Threei} very = over
[08:38] {magoo} cramer keeps talking writing about it too
[08:38] {bruce} yes - was waqtching it myself vad
[08:39] {bruce} thought it might go green today
[08:39] {bruce} big hit for the long term holds last ouple days
[08:41] {dino} wabc bstop to .36
[08:41] {dino} on my screen
[08:41] {dino} cov wabc .39, +.61
[08:42] {dino} wow mon
[08:42] {dino} to 95 and bounce?
[08:42] {dino} no takers on wabc huh
[08:43] {dino} patience, we are close to our 250 range again
[08:44] {bruce} no idea on mon dino- but it broke thru strong support at 100 so would think the investors are dumping now
[08:44] {patience} you think for today? can't tell....just watching ag stoks to drop below 30 rsi, and do a scalp
[08:44] {Threei} PACT IMOBILE SELECTED BY MOTOROLA CHINA TO DESIGN AND OPERATE THE MOTO ECOMMERCE PORTAL
[08:50] {bruce} klac short?
[08:52] {dino} not for me
[08:53] {magoo} hey vad..thats twice u told me not to chase and u made good cake lol{yesterday COIN}
[08:53] {dino} sm wide, risky, l mon .50
[08:53] {magoo} trying to keep me down lol:)?
[08:54] {Threei} yes mags... eliminating competition {G}
[08:54] {Threei} bruce... stop would have to be over .80
[08:55] {Threei} looks to me like NQ makes one more little bounce before breakdown
[08:55] {bruce} see that vad - was lookingat shorting about .70 - stop too big for my taste on his one now
[08:55] {Threei} aggressive entry on KLAC and QID if so, KLAC short, QID long
[08:57] {Threei} got .22 on QID
[08:57] {Threei} .09 stop
[08:57] {Threei} KLAC no bounce
[08:58] {Threei} now there is, look for entry
[08:59] {bruce} took qid
[08:59] {bruce} hope I don't jinx it
[08:59] {Threei} need NQ to lose 1870
[09:00] {Threei} got .70 on KLAC, stop .81
[09:01] {Threei} half out on both
[09:02] {dptl} out+.15 qid ty
[09:02] {dino} gj
[09:02] {Threei} welcome dp
[09:03] {Threei} offering QID second half .55, stop to .29
[09:03] {Threei} bidding KLAC second half at .45, stop to .65
[09:04] {bruce} took .12 qid - needed a win
[09:04] {Threei} not blaming you
[09:04] {magoo} 182 down
[09:05] {bruce} should have held butno nerve
[09:05] {Threei} taking small wins is a confidence restorer
[09:05] {magoo} add up too
[09:05] {dino} de wow
[09:05] {magoo} 3 $20-0 = $800 bux
[09:06] {Threei} not looking to re-enter for now, not sure trend is intact
[09:07] {bruce} nice retarcement entry on klac vad
[09:08] {Threei} in jerky downtrending market aggressive entries are safer
[09:08] {bruce} agreed
[09:11] {BillyD} Vad, does QID actually follow the lead of NQ....it seems from watching there is also anticipation of the NQ move?
[09:14] {Threei} sometimes, yes
[09:14] {Threei} but mostly it follows
[09:14] {BillyD} ok, thx
[09:15] {bruce} was your entry 98.50 mon dino?
[09:16] {dino} 97.50
[09:16] {magoo} nice 2 calls vad
[09:17] {bruce} k so 1.50 stop that was wide
[09:18] {dino} y
[09:19] {bruce} dewfinitley wide - will need to factor that in when you say you have a wide stop
[09:21] {dino} size accordingly
[09:21] {magoo} so now u even ignoring me? {as i run to nearest rock}
[09:21] {Threei} who?
[09:21] {Threei} me?
[09:22] {bruce} no one ignoring you mags
[09:22] {bruce} just to prove it
[09:22] {Threei} I beg to differ bruce
[09:22] * bruce slaps magoo around a bit with a large trout
[09:22] {Threei} here is my version of answer:
[09:22] {Threei} I am ignoring everyone, why do you think you should be exemption?
[09:22] * bruce slaps Threei around a bit with a large trout
[09:23] {Threei} and now you know why {G}
[09:28] {bruce} taking break
[09:32] {Threei} FED'S FISHER: READY TO TAKE SUBSTANTIVE ACTION POLICY ACTION, BACKS ACTION IF INFLATION IS CONTAINED- Global growth driving up inflation pressures
[09:32] {Threei} we just can't win, can we?
[09:32] {Threei} global growth is bad, absense of global growth is bad
[09:32] {Threei} is there anything good left on this planet?
[09:33] {magoo} my i tentions are good..results just bad
[09:34] {dino} out mon 100, +2.50
[09:36] {magoo} NICE
[09:36] {Threei} high five dino
[09:37] {dino} avtr
[09:37] {Threei} second day I try to attract your attention to this one... good to see you nailing it
[09:37] {dino} ty vad for heads up
[09:37] {Threei} it just felt like your kind
[09:46] {dino} avtr
[09:52] {BillyD} hard to get a real confirmation on QID here
[09:52] {BillyD} now I do
[09:53] {BillyD} were you watching it Vad
[09:53] {BillyD} I was looking short
[09:53] {Threei} no, sorry
[09:53] {Threei} from chart, looks valid
[09:53] {BillyD} ok, trying to get in sync with it
[09:53] {Threei} but didn't watch actual trading
[09:54] {BillyD} it seems by time a see a good confirmation....it moves already
[09:55] {BillyD} tough to keep a tight stop with the jerkiness
[10:08] {bruce} maybe better with wider stops billy
[10:08] {bruce} smaller shares
[10:08] {bruce} even vads last qid trade came within 1c of stopout
[10:08] {dino} acor
[10:09] {BillyD} yes bruce, just the moves direction can change pretty quick
[10:09] {bruce} yes - for me - several of my trad4s would have workedif gave them more room
[10:10] {BillyD} ACOR?...all the crazies out today
[10:10] {bruce} tough call - but not ehlpful to have small stops if almost all get stopped out
[10:10] {BillyD} yes
[10:11] {bruce} crazies billy - you talkin bout mags?
[10:11] {dino} lol
[10:12] {dino} he's running around like a happy schoolgirl today
[10:13] {bruce} maybe he is a schoolgirl
[10:13] {dino} roflol
[10:13] {bruce} acor short here dino?
[10:13] {dino} market going up, not sure
[10:14] {bruce} k
[10:14] {dino} rather it hits 25ish
[10:15] {bruce} what is your max stop dino - seems like 2.50 or so?
[10:16] {dino} edu
[10:16] {dino} depends on size, max loss of 250-300
[10:16] {bruce} k
[10:16] {bruce} so only played 100 shares or so in mon?
[10:17] {dino} w/200-300 pts market ranges, have to size down to not get stopped all over
[10:17] {bruce} k- thats been happening to me
[10:17] {dino} 200 actually
[10:18] {dino} when you string together lots of stops, you must either size down or pullback
[10:18] {dino} imo of course
[10:19] {bruce} k
[10:20] {dino} remember rule #1
[10:21] {dino} you must stay in the game
[10:21] {bruce} blame magoo?
[10:22] {dino} lol
[10:22] * bruce slaps magoo around a bit with a large trout
[10:22] {BillyD} you mean keep trading actively dino or capital preservation?
[10:22] {BillyD} both to an extent
[10:23] {dino} always prtect your capital...you must stay in the game, otherwise out of business
[10:23] {dino} never any reason you must trade
[10:23] {BillyD} yep
[10:25] {bruce} missed acor - it almost hit 25 then reversed
[10:26] {dino} i over thougt it
[10:27] * magoo slaps bruce around a bit with a large trout
[10:27] {bruce} ouch - Ihardly deserved that mags
[10:27] {bruce} not like I ever did that to you
[10:28] {bruce} hurt my feelings
[10:28] * bruce slaps magoo around a bit with a large trout
[10:28] {dino} edu sm l .80
[10:29] {dino} stop lod
[10:31] {bruce} couln't get .8 fill
[10:31] {bruce} waiting for retracement on it
[10:32] {bruce} nice dino
[10:32] {dino} thx
[10:32] {dino} you in
[10:33] {bruce} no
[10:33] {bruce} read above - didn't get filled
[10:33] {bruce} and not going to chase today
[10:33] {dino} ok
[10:34] {dino} don't chase
[10:34] {bruce} could have got .95 I think but wanted closer to your .8
[10:36] {dino} out .91, +1.11
[10:37] {bruce} very nice
[10:37] {dino} ty
[10:39] {Threei} AKAM half lot .21 long
[10:40] {dptl} stop?
[10:40] {Threei} .09 stop
[10:43] {dino} rvbd l .49 stop lod
[10:48] {BillyD} how about that little mkt spike
[10:49] {bruce} sorry vad- jinxed akam
[10:49] {Threei} ?
[10:50] {bruce} hit .09
[10:50] {Threei} it went within 1 (one) cent of 1:1, market dropped like crazy and it stayed within 1-3 cents off the 1:1 for a min - and you didn't exit?
[10:50] {Threei} come on
[10:50] {dptl} stopped akam
[10:51] {Threei} you guys...
[10:51] {dptl} yes that was a mistake
[10:52] {dptl} was offering .36 it went to .32
[10:52] {bruce} sorry vad - never quite hit 1 to 1
[10:52] {Threei} let's see
[10:52] {Threei} .21 - 0.09 = .12
[10:53] {Threei} .21 + .12 = .33
[10:53] {Threei} it topped at .32
[10:53] {Threei} which is "within 1 cent of 1:1" as I aaid
[10:53] {Threei} is my math wrong?
[10:53] {bruce} yes - with 21 entry call -
[10:54] {bruce} anyway - its done
[10:54] {Threei} if you had to enter a bit higher, it doesn't change chart
[10:54] {Threei} stock continues moving by chart rules, it has no idea about your entry, right?
[10:54] {Threei} obey chart, not your entry
[10:55] {BillyD} may I interject
[10:55] {bruce} understood vad - maybe I wasn't reading right
[10:56] {dino} rvbd stop to .28, mkt falls
[10:56] {BillyD} I think what Vad is saying, is that it was within 1 penny of 1:1 and the mkt spike down should have raised caution to exit early
[10:56] {Threei} eqzaktly
[10:56] {Threei} and AKAM was kind enough to wait for us
[10:57] {Threei} not dropped right away when market did
[10:58] {BillyD} sometimes you can get caught up executing exactly to the black & white strategy and forget to let the flavor of the trade tell when to adjust the plan
[11:00] {Threei} I thought it was a given after you guys exited QID trade a bit early last time around
[11:00] {Threei} and that one was still performing when you did...
[11:01] {bruce} sorry vad - been hammered today - trying not to let that cause me to do early exits
[11:01] {bruce} early exits with full stops is just another recipe for failrue
[11:02] {bruce} anyway - it's done
[11:02] {Threei} well, early is one thing... but 1 cent is another :)
[11:02] {Threei} it falls into "don't be that literal" category
[11:03] {BillyD} you crack me up Vad with that saying
[11:03] * bruce slaps bruce around a bit with a large trout
[11:03] {BillyD} you are one of the most literal people I know
[11:04] {BillyD} providing it's not time to deviate
[11:04] {BillyD} it's knowing when to is the key
[11:04] {Threei} really?
[11:04] {BillyD} yes
[11:04] {Threei} hmmm... and I thought I was flexible one
[11:05] {Threei} and illiteral
[11:06] {BillyD} where is Raven? is that a real word
[11:06] {dino} circling
[11:06] {BillyD} lol
[11:13] {Threei} looked it up
[11:13] {Threei} illiterature would be the better word
[11:14] {Threei} what's with SNIC
[11:14] {Threei} no news
[11:17] {dino} -203
[11:18] {dino} typical 250 range
[11:18] {dino} rvsn death
[11:18] {dino} rvbd stopped .30, -.19
[11:20] {bruce} sorry dino
[11:20] {bruce} watched it
[11:21] {bruce} small stop anyway
[11:24] {dino} yeah, it happens
[11:24] {dino} good day so not really affecting me
[11:25] {dino} rvsn l around 9.60 thinking
[11:25] {dino} 8.60 i mean
[11:25] {Raven} illiterate ?
[11:25] {Threei} finally
[11:25] {Raven} was thinking'
[11:26] {Threei} I was looking for a third wrong version to flush you out
[11:27] {Raven} lol
[11:27] {bruce} joyg triple bottom
[11:28] {dino} directors just5 sold couple million shares
[11:29] {dino} released 1:57
[11:30] {Threei} one more bounce NQ, then total breakdown
[11:30] {Threei} 1860 loss should do it
[11:30] {magoo} u in quid?
[11:31] {magoo} QID
[11:31] {Threei} looking for a trade on it
[11:31] {Threei} in
[11:32] {dptl} where?
[11:32] {Threei} .55
[11:32] {Threei} anticipatory entry
[11:32] {Threei} counting on breakdown
[11:32] {dino} gfig
[11:33] {dptl} where is your stop?Vad
[11:34] {Threei} originally .39
[11:34] {Threei} but trailing now
[11:34] {Threei} .49
[11:35] {Threei} half out
[11:36] {Threei} battle for 1860
[11:36] {BillyD} out ty Vad
[11:36] {Threei} welcome
[11:36] {patience} out, ty vad...nothing like a little rush :)
[11:36] {Threei} :)
[11:36] {dptl} missing everything for two days
[11:37] {Threei} back in
[11:37] {Threei} .49 stop this time
[11:39] {Threei} enough games NQ... break down that wall
[11:39] {Threei} hey, wrong wall
[11:40] {Threei} yes, this wall
[11:40] {Threei} half out
[11:41] {Threei} oh boy... die already NQ, will ya
[11:41] {magoo} 242 down dow
[11:41] * Threei kicks NQ in the groin
[11:41] {dptl} out +.24 qid ty
[11:41] {magoo} nice read on naz u had there
[11:41] {BillyD} nice dp
[11:42] {Threei} no dp thank YOU
[11:42] {Threei} made me feel better :)
[11:42] {dptl} :)
[11:42] {dino} ok, theres your 300 point range
[11:43] {dino} gj dp
[11:43] {dptl} ty
[11:43] {Threei} raven... look at these two, incapable of speaking in words longer than two letters each
[11:43] {Threei} gj
[11:43] {Threei} dp
[11:43] {Threei} ty
[11:45] * Threei desperately trying to exonerate himself in raven's eyes
[11:48] {Raven} {---- back from getting tea ... what are you yammering about anyway ??
[11:48] {Threei} as if anyone knows
[11:48] {Raven} sheesh
[11:48] {Threei} NQ held
[11:49] {Threei} nice downdraft but no meltdown
[11:49] {Threei} enough to profit, not enough to make a killing
[11:49] {Raven} SELL !!!!!!!!!!!! er, no, BUYYYYYYYYYYYYY !
[11:49] {Raven} whatever
[11:50] {Threei} congratulations guys
[11:50] {Threei} we are so insane, we managed to infect the only reasonable one among us
[11:51] {Threei} he was the last pillar of sanity in this room
[11:51] {Threei} I know, magoo tried to claim that title but...
[11:53] {bruce} wynn trying to break down
[11:54] {dino} rally coming imo, some serious damage out there
[11:55] {dino} twin l trig. .25 imo
[11:55] {dino} sm
[12:01] {dino} back in 10
[12:08] {BillyD} QID jumped .20 before I could see it on my NDX chart
[12:09] {BillyD} were you watching Vad
[12:09] {Threei} NQ teleportation too
[12:09] {Threei} yes
[12:09] {BillyD} ok
[12:09] {Threei} jerky jerky
[12:09] {BillyD} no way to trade that
[12:09] {Threei} no
[12:10] {BillyD} you have watch a tick chart for it
[12:11] {bruce} meli dino
[12:12] {BillyD} sorry, what I meant was Vad, have you ever watched a tick chart for NQ
[12:12] {dino} watching it
[12:12] {Threei} no
[12:12] {Threei} 1 m in is shallow enough for me :)
[12:13] {BillyD} do you have a candle on it?
[12:13] {Threei} yes
[12:13] {BillyD} ok
[12:16] {dino} gfig again
[12:17] {dino} missed it again, sheesh
[12:18] {dino} twin stopped -.40
[12:19] {bruce} I dumped it at 23
[12:20] {dino} smart
[12:20] {bruce} I wish
[12:21] {bruce} seems the best reversals work out right away and blast out of gate
[12:22] {bruce} looks like a higher low in meli now
[12:23] {Threei} breakdown is possibly in cards still
[12:23] {dino} 72 .30 l sm
[12:23] {dino} gfig
[12:23] {dino} didn't think it would get to me
[12:24] {bruce} kind of looks hta way vadster
[12:24] {magoo} at these levels...what u think? program buying or selling kick in to bell
[12:24] {Threei} feels like selling is more likely
[12:25] {bruce} thats a lot of selling for one day
[12:25] {Threei} NQ is just -18
[12:26] {magoo} comp -34?
[12:26] {Threei} yup
[12:26] {dino} stop to 73.48
[12:26] {Threei} here we go
[12:26] {dptl} qid?
[12:26] {Threei} not here
[12:26] {Threei} anticipatory entries is the only way
[12:27] {dino} out major slippage at .15 ave, +.85
[12:27] {BillyD} yep
[12:27] {dino} f#ck me, ran to 74
[12:28] {bruce} blame magoosky
[12:28] {magoo} he is hes yelling at me
[12:28] {dino} insult to injury, sheesh
[12:30] {BillyD} was wanting a dip into .60's for QID
[12:30] {Threei} yeah, this time NQ bounce was weaker
[12:31] {dino} market dumping
[12:31] {bruce} edu double bottome dino
[12:31] {dino} so much for my rally
[12:31] {dino} going lower i think bruce
[12:32] {bruce} k- probably notgreat place for long aempt then
[12:32] {bruce} I can make it go long though
[12:32] {bruce} \if I short here
[12:33] {dino} lol
[12:34] {dino} everythings' broken
[12:34] {bruce} you think I'm kidding?
[12:34] * bruce slaps magoo around a bit with a large trout
[12:34] {bruce} my trouter is only hing that still wor4ks
[12:38] {dino} it did go up a dime
[12:39] {dino} 12,800 to 12,100 in 5 days
[12:39] {dino} wow
[12:39] {magoo} bruce, it sure does work
[12:39] {dino} 11,900ish last feb/mar lows
[12:40] * bruce slaps magoo around a bit with a large trout
[12:40] {bruce} yup - still workin
[12:40] {dino} 2330, for comp
[12:40] {bruce} joyg long try here dino?
[12:41] {Threei} is Mon day off?
[12:41] {patience} y
[12:41] {Threei} cool... ty
[12:41] {dino} lmia crash
[12:42] {bruce} thought you were giving a trading seminar to us all that day vadster?
[12:42] {bruce} no rest for the wicked
[12:42] {dino} dk bruce
[12:45] {bruce} no momo in it dino
[12:45] {Threei} if I do, you know I lost it finally
[12:45] {bruce} jll?
[12:46] {dino} no
[12:47] {Threei} down it is
[12:47] {dino} i'm done
[12:47] {dino} enough of this
[12:47] {Threei} fork, quick
[12:48] {BillyD} maybe a couple of capitulation days would be good imo
[12:48] {dino} think we've had a couple
[12:48] {Threei} even one would be enough but we just can't get it
[12:48] {BillyD} yep
[12:49] {Threei} yesterday was pewrfect chance with that gap down
[12:49] {dino} i may add lmia for overnight
[12:49] {Threei} just needed a big scare and panic
[12:49] {magoo} friday before holiday..tough on longs also
[12:49] {BillyD} agree...it had that feeling for a while
[12:49] {magoo} so more of same tomorrow
[12:49] {Threei} but nooo, we had to go all the way back
[12:50] {dptl} klac
[12:50] {Threei} BUSH STIMULUS PLAN TENTATIVELY TO INCLUDE $1600 TAX REBATES, AND TAX BREAKS FOR BUSINESSES POSSIBLE - WIRE CITES SOURCES
[12:51] {magoo} no one cares..sigh
[12:51] {Threei} more money... more inflation... less pressure on fed to cut rates...
[12:52] {BillyD} is that a last minute pep rally attempt
[12:52] {Threei} don't be that grim guys
[12:52] {Threei} this is a good thing
[12:53] {Threei} we are gettingbuge flush at the beginning of the year
[12:54] {bruce} usually don't flush bugs till summer vad
[12:54] {bruce} that was brutal - couldn't do anything right today
[12:55] {dino} vad is right guys, volitility is a treders friend
[12:55] {dino} traders
[12:55] {magoo} well yes..but...this is one tough mkt on traders dino
[12:56] {dino} magoo, are you or are you not having your best week in months?
[12:56] {magoo} well...i just very lucky..because..actually..i been whing about this mkt for days
[12:57] {dptl} got 12c on klac bounce
[12:57] {dino} "lucky"
[12:57] {Threei} dp is ever a fighter
[12:57] {dino} gj dp
[12:57] {dptl} still down
[12:57] {magoo} yes dp, wtg
[12:58] {Threei} Ok guys, thank you all
[12:58] {Threei} have a good evening
[12:58] {Threei} see you tomorrow
[12:58] {BillyD} bye all
[12:59] {dino} slry crash
[12:59] {dptl} have a good evening all
[12:59] {bruce} night all
[13:00] {magoo} ty all..ty vad
[13:00] {dino} missed lmia
[13:04] {dino} gn all