Mar 17 2008

Session Time: Mon Mar 17 00:00:00 2008


[08:30] {Threei} *Q4 CURRENT ACCOUNT BALANCE: -172.9B$ V -$183.8BE
- Prior revised from -$178.5B to -177.4B$
[08:31] {Threei} MAR EMPIRE MANUFACTURING: -22.2 V -7.4E (LOWEST SINCE JULY 2001)
[08:32] {lumdus} good morning vad. woke up early today, wanted to see bsc. damm, the poor folks. i assume today we end down +500 Point in the dow
[08:32] {Threei} hi lum
[08:32] {Threei} this is stunning
[08:32] {Threei} I sincerely hope no one I know held BSC
[08:32] {Threei} look ar LEH and MER
[08:33] {lumdus} yes, i see all the banks. c, jpm etc.. all in the toilet , flushing
[08:33] {Threei} JPM is actually strangely strong
[08:34] {Threei} and what business does BSC have trading above 3 while being bought for 2... new form of denial among traders?
[08:35] {lumdus} i wont be here for the open. have to run an erand. should be back before 10
[08:35] {lumdus} right i am wondering that also.
[08:35] {lumdus} Vad, first if the shareholders don't agree to 2.00 then there is no deal.
[08:35] {Threei} their alternative is bankruptsy
[08:36] {Threei} good luck disagreeing
[08:36] {lumdus} vad, not me. i have no shares in any bank at all.
[08:36] {lumdus} you know where my money is now
[08:44] {magoo} morniung
[08:44] {Threei} hi mags
[08:45] {lumdus} vad, is today the worst day that you remember pre-market ?
[08:45] {magoo} vad, can u imagine buying andf holding BSC premkt friday at 65??
[08:46] {Threei} gives me creeps magoo
[08:46] {cosmo} TSATA was worse imho
[08:46] {Threei} I guess so lum... my long term memory is not so good though
[08:46] {Threei} (not that my short term memory is much better)
[08:47] {Threei} and magoo... stay assured that every time you express remorse about not holding something overnight I will remind you about BSC :)
[08:48] {Threei} IVAN
[08:48] {Threei} INITIATES MAJOR RESTRUCTURING IN PREPARATION FOR MULTIPLE, COMMERCIAL HTL HEAVY-OIL PROJECTS
[08:49] {Threei} HTL?
[08:50] {Threei} have a look at this piece of news just a week ago:
[08:50] {Threei} BEAR STEARNS DENIES LIQUIDITY RUMORS
[08:50] {Threei} NEW YORK – New York – March 10, 2008 — The Bear Stearns Companies Inc. today denied market rumors regarding the firm's liquidity. The company stated that there is absolutely no truth to the rumors of liquidity problems that circulated today in the market.
[08:50] {Threei} Alan Schwartz, President and CEO of The Bear Stearns Companies Inc., said, "Bear Stearns' balance sheet, liquidity and capital remain strong."
[08:51] {cosmo} strong smell, maybe
[08:52] {magoo} he probably will be investigated for fraud vad, and yeah, i never ever ho.d anything overnite
[08:52] {cosmo} SLV off 2% fyi
[09:01] {cosmo} ARNA, CRME
[09:02] {dptl} good morning all
[09:02] {Threei} dp :)
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:04] {Threei} LEH
[09:04] {Threei} MOODY'S OUTLOOK TO STABLE FROM POSITIVE
[09:05] {cosmo} is Stable better?
[09:05] {Threei} no such word today
[09:05] {GeoArb} gm all
[09:05] {Threei} Geo :)
[09:05] {Threei} vocabulary today is limited to:
[09:06] {Threei} bad
[09:06] {Threei} worse
[09:06] {Threei} worst
[09:06] {GeoArb} so are we trading with our depends on today?
[09:06] {cosmo} good, better....best
[09:06] {Threei} for creative minds, badder
[09:06] {Threei} LEH is dumping
[09:07] {Threei} MER will follow the suit I guess
[09:08] {dino} no depends guys, today should be fun, be patient
[09:09] {Threei} one thing I want you to do before market opens guys,
[09:09] {Threei} read this:
[09:09] {Threei} http://www.realitytrader.com/blog/2008/03/history-teaches-us.html
[09:11] {bruce} stable is a downgrade cosmo
[09:12] {cosmo} k
[09:12] {magoo} won't open vad for me or dino
[09:12] {Threei} try http://realitytrader.com/blog/2008/03/history-teaches-us.html
[09:13] {magoo} nope, that either
[09:13] {GeoArb} interesting
[09:13] {GeoArb} i read it
[09:15] {esemde} good morning....conecting automatically....this is a good thing
[09:16] {Threei} ese :)
[09:16] {Threei} LEH CEO: FED'S ACTIONS TAKE LIQUIDITY ISSUE 'OFF THE TABLE' - WIRE CITES E-MAILED STATEMENT
[09:16] {Threei} can you reach homepage magoo?
[09:16] {Threei} with or without www
[09:18] {Threei} anyone else?
[09:20] {Threei} wake up guys, can you reach that address?
[09:20] {dptl} i can
[09:20] {tomg} i can
[09:20] {dptl} no prob
[09:20] {patience} works great
[09:21] {Threei} ty
[09:22] {esemde} just got it Vad
[09:22] {Threei} :)
[09:22] {magoo} i cant vad
[09:23] {magoo} plus, it crashed my system
[09:23] {Threei} huh?
[09:23] {magoo} i had to reboot, just getting back up
[09:23] {cosmo} it comes up on Netscape just fine
[09:24] {lumdus} nice article vad
[09:24] {lumdus} so why is leh going down also ?
[09:24] {Threei} gosh
[09:24] {Threei} what isn't
[09:24] {ThurstonHowellTheThird} gm all
[09:25] {dino} no 3i
[09:26] {dino} .
[09:26] {Threei} hi thtt
[09:27] {Threei} something on the side of your and magoo ISP then dino... but if it's a dns issue, then address without www should word
[09:28] {magoo} ill have to leave it alone for now, do not want system freeze here at open
[09:28] {Threei} yes mags
[09:28] {Threei} stay calm and patient guys
[09:29] {Threei} do not jump intho the mess we are about to see right away
[09:29] {Threei} let the dust settle down, safety is major consideration on the day like this
[09:29] {lumdus} ok
[09:29] {dino} .
[09:29] {esemde} good post Vad...i'll heed that stay and patient stuff......
[09:29] {bruce} except dino ofcourse
[09:29] {lumdus} just put order for bsc @ 1.00 and you be fine :)
[09:29] {bruce} and lum
[09:30] {Threei} ty ese
[09:30] {cosmo} ARNA tests @ 7 needs to hold 6.85 imo
[09:30] {Threei} BSC daily looks surreal
[09:30] {dino} ?bruce
[09:31] {bruce} joking dino - about letting dust settle
[09:32] {dino} ahh
[09:32] {magoo} leh didn't recover much w/that qqq spike
[09:33] {dino} watchoing de, cat, fwlt
[09:33] {lumdus} suprised the dji only down 180
[09:34] {magoo} ewell...its early
[09:36] {magoo} WOW..LEH big bounce now vad
[09:37] {lumdus} why in the world would bsc bee at 3.70 ? didn't everybody read the news today ?
[09:37] {Threei} mystery to me too lum
[09:38] {GeoArb} overnight short covering?
[09:38] {lumdus} maybe the delievery boy didn't give everybody the paper yet.
[09:38] {Raven} 3 because the BSC employees own a substantial portion of ther stock and they can prolly kill the deal
[09:38] {cosmo} ARNA tests @ 7 fwiw
[09:38] {Raven} 3 so BSC will be shopped around for a higher price
[09:39] {Raven} 3 and there are other interested buyers
[09:39] {magoo} vads ignoring me ..sigh
[09:40] {Threei} 7 worth a try on ARNA
[09:40] {dino} and if i were short i'd be covering anyway
[09:40] {Threei} stop under .80
[09:43] {magoo} in btw
[09:43] {bruce} resistnace near .20 vad
[09:44] {Threei} scalpers can keep stop .89
[09:44] {magoo} 7.06 inet huge
[09:44] {magoo} and gone he he
[09:45] {Threei} woohhooo:
[09:45] {Threei} PRES BUSH: SUPPORTS FED ACTIONS TO BRING ORDER TO FINANCIAL MARKETS, GOVT WILL ACT WHEN NECESSARY- Says US capital markets are functioning 'efficiently'
[09:45] {curtisweese} OMG....YESSSSS
[09:45] {dino} atta boy "w"
[09:45] {magoo} thats "dubya" dino
[09:46] {curtisweese} i shorted 1000 shares of RIMM on Friday at close at 103.62 and just covered at 97.32!!!!
[09:46] {dino} you are suicidal
[09:46] {curtisweese} SOOOO risky
[09:46] {lumdus} the pres candidates better just start explaining how they expect to recover this economy
[09:46] {curtisweese} i did it and then tried to cancel it and it was too late, they had executed it already...i was soooo scared
[09:47] {dino} re-liquify curtis, and then another bubble somewhere
[09:47] {dino} they have already started
[09:47] {Threei} jeez curtis
[09:47] {curtisweese} i'm out now...i have work stuff this morning, so no trading for me
[09:47] {curtisweese} omg...that is a huge relief
[09:48] {magoo} curtis..just look at BSC and see what could happen
[09:48] {curtisweese} well i did short it....LOL
[09:48] {bruce} some support at .95 vad ok tpo move stop near there?
[09:48] {Threei} LEH long small here
[09:48] {Threei} stop under 32
[09:49] {Threei} in
[09:49] {curtisweese} i will be back tomorrow.....every market down and now us.....we might have a great day if things happen the way they have been!
[09:49] {Threei} I guess bruce
[09:50] {lumdus} leh ran
[09:50] {Threei} out LEH
[09:50] {Threei} +.37 I think
[09:51] {magoo} still trying to get out
[09:51] {Threei} I took .50 exit
[09:51] {lumdus} in gg 46.20 stop 46.04
[09:51] {magoo} i was at .65
[09:52] {Threei} greedy greedy
[09:52] {dino} l fwlt .95, stop .69
[09:53] {dino} stopped -.24
[09:56] {bruce} stopped arna
[09:57] {lumdus} l wye 39.89 stop 39.66
[10:00] {magoo} sheesh..stopped arena too
[10:00] {Chaeron} hi all
[10:00] {lumdus} jpm running
[10:00] {Threei} hi chaeron
[10:01] {dino} aet l .25, stop .97
[10:02] {Threei} morning maryaliceann, you made it
[10:02] {lumdus} out jpm + .48
[10:03] {dino} gj
[10:03] {maryaliceann} at last! .. thanks
[10:03] {Chaeron} nice lum... welcome maa
[10:04] {maryaliceann} that sounds good, should change lum to maa
[10:04] {dino} welcome to the jungle maa
[10:05] {Threei} so, why is JPM so happy
[10:05] {dino} short squeeze
[10:05] {lumdus} vad, i am not an anlysts, it showed up on my scanner so i went for it :)
[10:06] {dino} citigroup is next collapse, imo
[10:06] {Threei} MER .35 long small
[10:06] {lumdus} 2:1 on wye. I am still not selling yet
[10:06] {Threei} stop under 39
[10:07] {lumdus} dino, why you think citigroup next ?
[10:07] {dino} they are in a word of sh*t
[10:08] {_pit} any base in ARNA yet?
[10:08] {Threei} MER stop to .09
[10:08] {Threei} nah pit, forget it
[10:10] {Threei} did I get too greedy on MER?
[10:11] {GeoArb} i am out for 20 cents mer
[10:11] {GeoArb} .55
[10:11] {Threei} wtg
[10:12] {GeoArb} trying to erase arna
[10:12] {dino} strange dji only -56
[10:12] {Threei} scalper to the bone marrow eh
[10:12] {GeoArb} heh
[10:12] {Threei} and NQ is down just 20 points dino
[10:12] {Threei} no end of the world today?
[10:12] {Threei} or it's early? :)
[10:13] {Chaeron} shucks and I got all dressed up for it too...
[10:14] {dino} fwlt sm .00 trig. l wider
[10:14] {dino} me too chaer, wore green
[10:16] {dino} no trig cx fwlt
[10:17] {dino} out aet .56, +.31
[10:18] {bruce} nice dino
[10:20] {magoo} any read RIMM vad?
[10:20] {Threei} I am getting it just in time to missd the chance to type a call magoo
[10:20] {Threei} did that twice already
[10:20] {Threei} finally
[10:20] {Threei} out half MER at .70
[10:21] {Threei} +.35
[10:21] {Threei} stop to .25 for the balance
[10:23] {lumdus} bsc rebound sheesh.
[10:23] {Threei} lol
[10:23] {lumdus} way too funny, just watch it.
[10:24] {dino} fwlt l .00
[10:24] {Threei} out MER in full
[10:25] {Threei} + a lot
[10:25] {Threei} forgive me for being too lazy to calculate
[10:26] {dino} csx l .35
[10:26] {Chaeron} :)
[10:27] {dino} going to go green
[10:27] {dino} for st. pat's i guess
[10:27] {Threei} MER up a buck from alert
[10:28] {Threei} can I have a mulligan?
[10:28] {judi} Hi from Jim and Judi
[10:28] {Threei} hi judi
[10:28] {Threei} I mean buck and 30 cents
[10:29] {Threei} I mean... ah forget it
[10:29] {GeoArb} drys
[10:29] {lumdus} jpm up 4.00
[10:29] {bruce} apol dino
[10:31] {Threei} BSC is not from this universe
[10:32] {lumdus} vad, i would take a try with bsc. just worried they hald trading maybe.
[10:32] {dino} watching it bruce
[10:32] {Threei} I don't have any comments on it lum, this is beyond my understanding at all
[10:33] {Threei} it's bought out for pete's sake
[10:33] {dino} fwlt stop to .98
[10:33] {Threei} Raven explained earlier what influences this wierd divergence between price of buyout and price it's trading at
[10:33] {dino} stopped -.02
[10:33] {Threei} but it makes whole thing absolutely unreadable
[10:37] {bruce} add mf to watch list dino
[10:37] {dino} ok
[10:38] {dino} btw bruce, i hit gfig 2x's friday and made money, thx for the spot on it
[10:38] {bruce} good to hear - glad it worked for you dino
[10:40] {dino} mf, capital markets, lawsuits, big losses, careful w/it
[10:40] {Threei} heh... QLTI FDA news, didn't want to go in it out of concern that it';s not a time for a cheapies to move
[10:40] {Threei} look at it
[10:41] {GeoArb} yeah
[10:41] {GeoArb} a twinge of regret here
[10:41] {magoo} one crazy ass market
[10:41] {GeoArb} tinge
[10:41] {Threei} sure is mags
[10:41] {Threei} I am double careful today
[10:42] {dino} mkt confused
[10:42] {Threei} but so far things don't look as scary as they promised to be
[10:43] {Threei} in fact, market starts looking like going gren soon
[10:43] {magoo} cause it is green
[10:43] {bruce} apol looking strong now dino - we probably missed it - but if it retraces to 56 may be worth try
[10:43] {Threei} Dow yes
[10:43] {Threei} NASDAQ is in red still
[10:44] {lumdus} hmm, how wierd it is.
[10:44] {Threei} as far as common sense is concerned, these are trying times
[10:44] {bruce} trying mf long here
[10:44] {dino} thinking same, w/stop .74
[10:44] {Threei} thankfully, we traders are not overburdened with common sense
[10:45] {bruce} agree
[10:46] {bruce} in at 13.99
[10:46] {bruce} sold at .18 on spike
[10:46] {bruce} sheesh
[10:47] {bruce} dumb dumb dumb
[10:47] {dino} fortune favors the bold
[10:48] {dino} out csx .59, +.24
[10:48] {dino} way too soon
[10:49] {dino} fwlt l .90
[10:51] {Threei} RIMM 99.5 level to watch for bounce
[10:52] {lumdus} amzn long
[10:52] {dino} hod
[10:52] {bruce} ah mf retraced - feel better exit on spike rightthing to do after all
[10:52] {Threei} 67 break AMZN for me lum, if holding above .80
[10:55] {bruce} amzn is tricky - sets up long then dumps
[10:56] {Threei} hasn't set up, failed support
[10:57] {Threei} finger on the trigger RIMM
[10:57] {Threei} missed first dive into 99, maybe we get another leg down
[10:57] {Threei} couldn't find guts to short .50 breakdown
[11:01] {Threei} staying on a sideline for now
[11:01] {Threei} hectic moves up and down within narrow range
[11:02] {Threei} sure recipe for being stopped
[11:06] {lumdus} need to be quick today to make the pennies
[11:07] {Threei} AMZN, going to try long on .50 break if stays above .25
[11:08] {dino} apol bruce
[11:09] {dino} l .56 sm wide
[11:09] {bruce} hmm - lower low in it now
[11:10] {Chaeron} *sigh*
[11:10] {bruce} gonna wait a bit on apol dino
[11:10] {dino} thats why small
[11:13] {bruce} wow - mf just dumped another 2.50 dino
[11:13] {bruce} sorry - 2 bucks
[11:13] {dino} alxn
[11:13] {dino} not in, off screen, finanxcials are trucky right now
[11:14] {bruce} any read mf dino_ it's spiking
[11:15] {bruce} 3 buck drop now
[11:15] {dino} can't type today i see
[11:15] {dino} no
[11:15] {bruce} 3.50 drop
[11:17] {bruce} 4.50 drop
[11:18] {Threei} you saw MF news right?
[11:19] {dino} yes trading losses, class actions, etc
[11:19] {Threei} 03/04/08 09:11pm
[11:19] {Threei} [MF] MF Global Ltd. Facing wheat-futures trading probe by Federal law-enforcement officials - WSJ
[11:19] {Threei} - The probe will focus on trades by fired trader Evan Dooley that cost the firm about $141.5M.
[11:19] {dino} i'm staying away
[11:19] {bruce} 5.50 drop
[11:19] {bruce} good plan dino
[11:20] {Threei} capitulation
[11:20] {Chaeron} dang those rogue traders
[11:20] {dino} easier trades out there bruce
[11:20] {bruce} 6.50 drop and still gong
[11:21] {dino} get it off your screen, imo
[11:21] {bruce} jeez - going to 0 -
[11:21] {Chaeron} can't dino.. hypnotized here....
[11:21] {Threei} no kidding, it's mesmerizing
[11:22] {Threei} and good for you as it keeps you from trading at the moment
[11:24] {lumdus} leh short
[11:24] {dino} apol stopped
[11:25] {lumdus} out already +.35
[11:25] {lumdus} that was easy
[11:25] {dino} gj
[11:25] {lumdus} not really could have go way more
[11:26] {Threei} oh boy MF
[11:26] {bruce} maybe we should of .33 c in mf
[11:26] {bruce} bid rather
[11:27] {lumdus} bruce, good idea. let's chip in .. my check of .33 in the mail.
[11:27] {bruce} lol
[11:27] {Threei} you guys are too generous
[11:27] {Threei} I won't bid above .19
[11:27] {lumdus} volume increasing like heck on mf
[11:28] {bruce} starting to look like you're right on your bid vad
[11:28] {Threei} even 4 won't hold
[11:28] {lumdus} how low can it go .. :)
[11:28] {bruce} won't it be stopped on this kind of activity?
[11:29] {lumdus} bruce. i think it could be stopped. but who the heck knows.
[11:31] {dino} risky, sm l alxn .07, stop .53
[11:32] {Threei} news it out, so probably no reason for halt... but...
[11:33] {bruce} so much for safety in ags in times of turmoil
[11:33] {lumdus} aapl wondering if it could make a run
[11:33] {dino} fcsx ouch
[11:34] {dino} capital group again
[11:34] {dino} gfig ouch
[11:34] {dino} same deal
[11:35] {dino} shooting them all
[11:36] {bruce} any read on leh long here vad?
[11:37] {Threei} honestly bruce... any trade at the moment feels like crapsdhoot to me
[11:37] {bruce} k
[11:40] {dino} ibkr
[11:40] {bruce} mf finding support
[11:40] {bruce} aet looking like possible longto me here dino
[11:42] {dino} hmmm ibkr, seems odd they collapse w/other stuff
[11:43] {Threei} RIMM short
[11:43] {Threei} as close to .50 as possible
[11:44] {Threei} first weakness from here
[11:44] {magoo} i like it long..just opinion
[11:44] {Threei} stop above .60
[11:44] {dino} l sm ibksr .50, risky
[11:45] {dino} pnsn
[11:47] {Threei} stopped
[11:47] {Threei} magoo was right
[11:48] {Chaeron} seems like noone right in this slop
[11:52] {Threei} yeah, it's down again... magoo wasn't right {G}
[11:54] {GeoArb} .25 in rimm
[11:54] {GeoArb} held vad's call
[11:54] {GeoArb} thnks
[11:55] {Threei} welcome Geo... scary tohold when it goes against you
[11:55] {Threei} be careful
[11:55] {GeoArb} easy with 100 shares ;)
[11:55] {Threei} monetary wise yes,
[11:55] {Threei} but it's chart that should govern your action
[11:55] {GeoArb} true
[11:56] {Threei} paper trading or small shares trading must be done in the same fashion as you are goinfg tyo trade normal size
[11:56] {GeoArb} my stop was previous pivot high
[11:56] {GeoArb} maybe too wide
[11:56] {Threei} othrwise theere is no learning effect
[11:56] {Threei} if your stop was based differently, that's fine
[11:57] {Threei} as long as there was a reason for it
[11:57] {Threei} bigger time frame, next level of resistance
[11:57] {Threei} no problem with that, it's valid approach
[11:57] {GeoArb} will revaluate.... thanks
[11:57] {Threei} just not a "my position is small, I can try and hold"
[11:57] {GeoArb} ok
[11:57] {Threei} look at RIMM
[11:57] {Threei} grrr'
[12:03] {Threei} MF double bottom is in
[12:03] {Threei} scary as hell
[12:03] {Threei} no specific call guys
[12:03] {Threei} if you feel it, take small
[12:04] {Threei} if you feel you need a specific call, stay away
[12:05] {dino} de sm l .96
[12:08] {dino} fcsx
[12:19] {GeoArb} off to work
[12:19] {GeoArb} thanks all
[12:22] {Threei} take care Geo
[12:26] {bruce} stopped aet +.05c
[12:26] {dino} good stop
[12:27] {bruce} thanx dino - figured thats what you would do - make sure profit doesn't disappear completley
[12:28] {Threei} 97 break RIMM short
[12:29] {bruce} what you thinking for rimm stop vad?
[12:29] {bruce} .25 or so?
[12:29] {Threei} watching all these bounces before setup to see where the best resistance is
[12:29] {bruce} k
[12:29] {Threei} so far yes, .25
[12:30] {Threei} NQ hasn't decided to break down or not yet
[12:30] {Threei} so hesitates RIMM
[12:31] {dino} fcsx
[12:31] {bruce} fwlt - bounce time dino?
[12:31] {dino} brb
[12:32] {dino} if it hoilds .75]
[12:36] {bruce} s rimm
[12:37] {Chaeron} stopped rimm
[12:37] {bruce} stooped rimm-.30
[12:41] {Threei} not much is working today so far
[12:44] {bruce} double bottome de here dino
[12:45] {dino} y
[12:46] {Threei} if you went for MF, feel free to take profit
[12:46] {dino} risky sm, l fmcn .40
[12:50] {bruce} nice one fmcn dno - dont see where you got .40 trigger but sure worked
[12:51] {dino} was waiting for about 20 minutes, one of those, thought it would not get there things
[12:51] {dino} trades strangly
[12:52] {bruce} k- nice job of catching reversal point
[12:52] {bruce} de looking long here
[12:52] {dino} y
[12:56] {bruce} fwlt looks long too
[12:56] {bruce} can set fairly small stop
[12:56] {dino} they all do, lol
[12:57] {bruce} buy everything?
[12:57] {bruce} lol
[12:57] {dino} yes
[13:00] {Threei} MF
[13:00] {Threei} CO. HAS SUFFICIENT FUNDING TO CONDUCT NORMAL BUSINESS; CO. HAS ALTERNATIVE SOURCES TO FUNDS BUSINESS IF EVENTS CHANGE
- Says Bear stearns investor Joe Lewis is not a client
[13:00] {Threei} - Says has $1.4B in committed, undrawn credit facilities
[13:01] {bruce} vadxrefferring to his persoanl loan to them - nigerian credits
[13:01] {Threei} lol
[13:02] {dino} sounds familiar
[13:02] {bruce} vad - what do you think of a retracement long in rimm near here?
[13:02] {Threei} with stop under .50?
[13:02] {bruce} was noticing the strong support at .50
[13:02] {Threei} I like it chart wise
[13:02] {bruce} wondeirng if worth try
[13:04] {dino} fmcn stopped -.50
[13:06] {bruce} sorry dino - sucks - quick markte drop
[13:07] {bruce} next supprt rimm 97
[13:07] {dino} small no biggie
[13:07] {Chaeron} market telling me not to even bother trying today
[13:07] {dino} still loike it, just where
[13:08] {bruce} yes- hard to pick entries
[13:09] {bruce} rimm bounce on first sign of strength or just back off for now vad?
[13:13] {Threei} ugh
[13:13] {Threei} not sure bruce
[13:13] {Threei} coin toss at this point
[13:14] {bruce} me either - lloks like coin toss on breakdown or bounce
[13:14] {lumdus} ok, tossing coin here. i advise which way
[13:14] {magoo} UP
[13:14] {magoo} heads
[13:14] {magoo} or, heads up
[13:15] {Threei} betting farm here
[13:15] {bruce} wheres dino's gun - worked earlier
[13:15] {bruce} k- I'll help bet your farm for you vad
[13:15] {dino} 32.70 trig l fmcn sm l .70 wide
[13:16] {dino} maybe gun to the head time
[13:17] {magoo} dino gun in my mouth
[13:17] {bruce} lol mags
[13:17] {lumdus} l jpm 39.48 stop 39.36 looked strong when market came dwown
[13:17] {bruce} thats the signal to buy him lunch
[13:20] {bruce} wow - hope you're out dino
[13:20] {bruce} I just lost your farm on you vad
[13:22] {dino} 3 month t-bill yield at 50 year low
[13:26] {Threei} magoo's fault, bruce
[13:26] {dino} not in bruce did not trig
[13:26] {bruce} good
[13:27] {Chaeron} [10:22] {dino} 3 month t-bill yield at 50 year low
[13:27] {Chaeron} [10:26] {Threei} magoo's fault, brucemagoo' fault, dino
[13:27] {Chaeron} what the?
[13:27] {bruce} watching rimm here
[13:27] {Chaeron} either way, it's magoo's fault
[13:28] {bruce} so true chaeron
[13:30] {bruce} magoo obviously asleep
[13:30] {dino} darn missed
[13:30] * bruce slaps magoo around a bit with a large trout
[13:31] {bruce} fwlt , rimm alxn cat
[13:31] {bruce} all possible longs on boucne
[13:31] {lumdus} l amzn 65.55 stop 65.45
[13:32] {lumdus} coin tossing today . after a friday like we had, this is just plain errr
[13:35] {magoo} vad, did ARNA have news today?
[13:35] {Threei} yes
[13:35] {magoo} positive?
[13:35] {Threei} 07:01am [ARNA] Lorcaserin for obesity passes a major safety milestone in independent review
[13:35] {magoo} ok TY
[13:36] {magoo} at 2 pm vad, call RIMM short..that spiked massive rallies 4 days last week
[13:36] {lumdus} bounce time ?
[13:38] {Threei} hmmm
[13:38] {Threei} meltdown is just as likely
[13:39] {bruce} q's breaking new lows here
[13:39] {lumdus} ok i really have 0 idea what's going on today.
[13:40] {Threei} I am right there with you lum
[13:40] {lumdus} what's the deal with sds. looks very strong
[13:44] {magoo} did ucall RIMM short vad??
[13:46] {Threei} no... sorry
[13:46] {Threei} I decided your very mention will be enough
[13:46] {Threei} and it was
[13:46] {lumdus} rally !!!
[13:47] {Threei} LEH
[13:47] {Threei} TICKS UP FROM SESSION LOWS ON TAKEOVER CHATTER- Barclays rumored as possible buyer
[13:48] {dino} yeah at 2 bucks, lol
[13:49] {bruce} was watching leh
[13:49] {bruce} was never a setup w less than 50 stop
[13:53] {bruce} alxn long dino?
[13:54] {dino} i like it\
[13:54] {dino} fmcn triggered
[13:55] {bruce} l alxn .50
[14:03] {dino} out fmcn 34.15, +1.45
[14:04] {bruce} wow - nice dino
[14:04] {bruce} dumped alxn +.06 on weakenss
[14:04] {dino} lucky, but thx
[14:05] {dino} you get de
[14:05] {dino} tech blood
[14:05] {bruce} no
[14:05] {bruce} trading one attime today
[14:06] {dino} ok
[14:06] {dino} lots going here
[14:09] {dino} out ibkr .91, +.41
[14:11] {dino} out de .54, +.58
[14:11] {dptl} Bruce...ty out alxn+.30....and ty for de...earlier got +.22
[14:11] {bruce} great dp
[14:12] {dino} bruce makes us money
[14:12] {magoo} what u stalkin vad?
[14:13] {dino} nice alxn
[14:13] {bruce} great moves dino - I don't trust laser auto stops - so don'twant to enter multiple tades - espcially today agtyer seeing major selloffs
[14:13] {dino} not w/laser, so use them
[14:14] {Threei} can't find anything even remotely looking readable to me at the moment magoo
[14:14] {dino} brb
[14:14] {Threei} bruce, you had any problems with them?
[14:15] {bruce} at times vad- triggersing quite a way below entry
[14:15] {Threei} we are talking OMS module?
[14:15] {bruce} may have been action of stock
[14:15] {bruce} yes
[14:15] {bruce} oms
[14:15] {Threei} OK... worked nicely for me when I tested it but I don't use it regularly
[14:16] {bruce} seems to work well at times
[14:16] {bruce} and not others
[14:22] {dino} bfam
[14:25] {dino} hard stops, bruce, my sometimes fill badly too, but overall they work well
[14:26] {bruce} k- definitley nicer to have them as backup
[14:26] {dino} i'm pretty much an idiot w/o them
[14:27] {bruce} possible long in leh at .50 w 12 c stop
[14:27] {bruce} invalidated
[14:28] {Threei} 97.10 break long RIMM
[14:28] {Threei} if stays above .90
[14:28] {Threei} BSC JOE LEWIS CALLS JPM OFFER DERISORY AND DOES NOT THINK THEY WILL GET IT - CNBC
[14:29] {Chaeron} http://www.businessandmedia.org/articles/2008/20080317110946.aspx - Oops - CNBC's Cramer Said 'Don't Move' From Bear a Week Before Collapse - 'Mad Money' host drastically underestimated the investment bank's trouble surrounding the mortgage crisis.
[14:30] {Threei} heh
[14:31] {lumdus} if i had to do analysis on bsc it should go up to 5 now.. at least.
[14:31] {Threei} derisory eh
[14:32] {Threei} investors holding BSC in their portfolios conasider today's opening price dderisory
[14:32] {lumdus} what does dderisory mean ?
[14:33] {ThurstonHowellTheThird} laughable, ridiculouse
[14:33] {Threei} ask joe lewis
[14:33] {lumdus} ok, so maybe they get better offer..
[14:33] {bruce} short for damned very sorry vad
[14:33] {lumdus} tx bruce. i no speka de english so good
[14:34] {Threei} lum... to read makes us speak English good
[14:34] {lumdus} in in bsc 4.30
[14:35] {lumdus} i like the news .. hee hee
[14:35] {Threei} lum, just don't hold it overnight
[14:35] {Threei} stay defensive
[14:35] {lumdus} why you think i crazy ?
[14:35] {Threei} book profits or at least protect them by partialing out
[14:36] {Chaeron} not you per se, but the market is :)
[14:36] {Threei} of course I do... and don't tell me you never gave me a reason {G}
[14:36] {Threei} three people in the room are on crazy side
[14:36] {bruce} mago magoo magooo
[14:36] {Chaeron} rofl
[14:36] {lumdus} 1) vad, 2) vad, 3) lumdus
[14:37] {Threei} to be fair, you are the least crazy out of three :)
[14:37] {dino} lol
[14:38] {lumdus} logic says that if the ceo thinks it's a crazy price he will go shopping for better price or at least jpm will go a few bucks higher.
[14:38] {lumdus} so it's worth an intraday shot i think.
[14:38] {Threei} you assume his lamenting is truthful
[14:38] {dino} fmcn sm l .01
[14:39] {dino} fed is pushing him tho, different rules imo
[14:39] {Threei} but these the same people I quoted earlier:
[14:39] {Threei} [08:50] {Threei} have a look at this piece of news just a week ago:
[14:39] {Threei} [08:50] {Threei} BEAR STEARNS DENIES LIQUIDITY RUMORS
[14:39] {Threei} [08:50] {Threei} NEW YORK – New York – March 10, 2008 — The Bear Stearns Companies Inc. today denied market rumors regarding the firm's liquidity. The company stated that there is absolutely no truth to the rumors of liquidity problems that circulated today in the market.
[14:39] {Threei} [08:50] {Threei} Alan Schwartz, President and CEO of The Bear Stearns Companies Inc., said, "Bear Stearns' bal
[14:39] {Threei} absolutely
[14:39] {Threei} no truth
[14:39] {Threei} to the rumors
[14:39] {Threei} how about that?
[14:40] {Chaeron} *cough - lawsuit! cough*
[14:40] {dino} ya think, :)
[14:40] {dino} they filed some friday
[14:40] {Threei} with all the gamesmanchip going on behind the scenes
[14:40] {lumdus} bsc, no liquidity .. and yes, i am a billionare.
[14:41] {Threei} there is no word coming of their mouth that I would take at face value
[14:42] {dino} listen they a saying this to pump and dump
[14:42] {dino} they are already fried
[14:42] {Threei} there
[14:42] {Threei} this I blieve easily
[14:42] {bruce} how about "pass the hat"?
[14:42] {dino} out fmcn .46, +.45
[14:42] {Threei} I don't think anyone went for RIMM break .10
[14:43] {Threei} but if someone did, take profit and be happy
[14:44] {Threei} you are getting good traction on BSC lum
[14:44] {Threei} can I interest you in taking half off the table?
[14:45] {Threei} quite empty day for me
[14:45] {Threei} we have Fed tomorrow, right?
[14:46] {bruce} fds dino
[14:46] {lumdus} bsc +.20 jpm +.45
[14:46] {Chaeron} EU'S ALMUNIA: " EUROPE NO LONGER IN ECONOMIC GOODTIMES" (no "dy no MITE!" ? :)
[14:47] {dino} fds, fat, drunk, "& stupid
[14:47] {Threei} yeah, 2:15 Fed decision
[14:48] {dptl} today?
[14:48] {Chaeron} Tuds
[14:48] {lumdus} in c 18.60
[14:48] {Chaeron} Tuesday
[14:48] {Threei} tomorerow dp
[14:48] {Chaeron} US SENATOR SCHUMER: FED ACTIONS 'NECESSARY' TO PREVENT 'MELTDOWN', FED MOVES WERE 'SMART' AND 'TIMELY'
[14:48] {dptl} ok ty
[14:48] {bruce} lol dino
[14:49] {lumdus} i am glad the brillian schumer agrees with the fed. hee hee
[14:49] {dino} fds hmmmm
[14:49] {bruce} out fds - quick scalp +.18
[14:51] {dino} gj
[14:51] {dino} bfam sm l .68, stop lod
[14:51] {bruce} thanx
[14:52] {lumdus} L SGP 19.36 STOP 19.29
[14:52] {Threei} RIMM .70 long if stays above .50
[14:55] * Threei is kicking RIMM in the rear
[14:55] {Chaeron} careful - it kicks back
[14:55] {lumdus} you in already ?
[14:56] {Chaeron} I am
[14:56] {Threei} yes sir
[14:57] {Chaeron} good job with that boot
[14:57] {Threei} 1:1
[14:57] {Threei} 1:2, me out
[14:57] {Threei} wow
[14:57] {Threei} lol
[14:57] {Threei} that was some kick eh
[14:57] {lumdus} out 98.43
[14:57] {lumdus} tx sirr +.63
[14:57] {Threei} welcome lum
[14:58] {Chaeron} 98.46 here... + .72
[14:58] {Chaeron} many thanks Vad
[14:58] {Threei} you are so very welcome
[14:58] {bruce} out rimmsky + .56
[14:58] {dino} gj
[14:58] {Threei} I knew there was a reason I still haven't fell asleep
[14:58] {lumdus} that was so damm qick vad
[14:58] {Chaeron} nice and fast ex on Laser too... just when I needed it most
[15:00] {magoo} TY vad rimm, out ,
[15:00] {Threei} I was wondering mags... :)
[15:00] {Threei} you don't miss this kind of plays unless you are unconscious
[15:00] {magoo} was just waiting at .44
[15:00] {magoo} took l.onger
[15:01] {Threei} mama mia
[15:01] {bruce} I like trading rimm - just wish it was easier to read
[15:01] {Threei} paulson actually just said "we have strong dollar policy"
[15:01] {Threei} wait for me, I need to faint
[15:01] {lumdus} magoo, my fills where .44 & .50
[15:02] {lumdus} maybe he in denial - stronge
[15:02] {Threei} you know bruce
[15:02] {Threei} the more we deal with this one
[15:02] {bruce} never heard of the guy
[15:02] {Threei} the more I come to conclusion that it's quite tradeable under one condition
[15:03] {Threei} pick setups that allow you to keep clean chart based tight stops
[15:03] {dino} chaos?
[15:03] {bruce} its definitely worth learning to trade vad
[15:03] {bruce} quick mov es
[15:03] {Threei} if you do that, you will get one of valid setups working finally
[15:03] {bruce} great liquiditiy\
[15:03] {bruce} and reasonably tight spread
[15:03] {Threei} and what RIMM does whan it works will bring you back tw-threre stops and then some
[15:04] {Threei} and it's not like you run 1 out of 4 odds on it
[15:05] {bruce} it seems to have spots wee it can be read most days
[15:05] {Threei} yes
[15:05] {bruce} picking entrys is key
[15:05] {bruce} fds goinglong again
[15:06] {lumdus} finally sgp up a whole .04
[15:07] {bruce} doggy duty break
[15:08] {magoo} i jusdt hit RIMM 98 to 98.87...sorry
[15:08] {magoo} no way i vcould post
[15:09] {dino} gj
[15:10] {judi} we signing off for today with a +day, thanks all
[15:10] {dino} gj judi
[15:12] {lumdus} vad's call in am to be patient and slow was key to the sucess today.
[15:12] {lumdus} ok, if fed quite, BSC ceo quiet, then we might have a run up :)
[15:14] {Threei} good to hear judi
[15:14] {Threei} and magoo... you know what is coming, don't you?
[15:14] {magoo} huh?
[15:14] * Threei slaps magoo around a bit with a large trout
[15:15] {lumdus} vad, bsc could have eOD rally on think. based on my expert analysis LOL
[15:15] {Threei} for indecent profits
[15:15] {Threei} see lum... you are doing analysis... I grab'em when they trigger and abandon'em as they work or get stopped :)
[15:17] {Threei} but I do respect anyone who can spell analysis, that's more than I can say about myself
[15:17] {lumdus} thank you , please stand up in my honor
[15:17] {lumdus} and don't hit the seat so hard.
[15:18] {Threei} lol
[15:18] {magoo} vad, is this good bounce area RIMM?
[15:18] {lumdus} ok, bsc acting like a good sport, starting to look at least
[15:18] {Threei} it is by chart, I am not sure I understand why it dropped that far while NQ upticking
[15:19] {Threei} no RIMM specific news eithedr
[15:20] {Threei} just be careful, keep stop as if your very life depended on them
[15:20] {lumdus} analysis of bsc so far very good. maybe wsj can hire me.
[15:21] {dino} that will surely screw you up
[15:21] {lumdus} above 5 and we go to 8 right .. !
[15:21] {Threei} and not telling what it will do to WSJ
[15:22] {Threei} dunno about 8 but heck of a job so far lum
[15:22] {lumdus} they didn't pay for that much analysis.
[15:23] {lumdus} stop 4.86 should be nice enoght in 4.50 stop 4.86
[15:23] {Threei} you took RIMM off 97.50 mags?
[15:23] {lumdus} i am out.. crap
[15:24] {magoo} yup
[15:24] {Threei} still in?
[15:24] {magoo} .16 actually
[15:24] {dino} bfam stop to .95
[15:24] {dino} this is one crazy market
[15:25] {Threei} is Dow really up 72?
[15:25] {Threei} or am I hallucinating?
[15:25] {Chaeron} nope.. you're ok
[15:25] {lumdus} no, up 75
[15:25] {Chaeron} 78
[15:25] {Threei} what ca I say.. PPT is good
[15:26] {dino} 94
[15:26] {dino} yeah for a day or so
[15:27] {Threei} sure
[15:27] {Threei} but heck... try to keep above the water market THIS scared
[15:28] {lumdus} c, is pathetic
[15:29] {Threei} look at BSC tumble
[15:30] {Threei} good exit lum
[15:30] {Threei} I don't know what your guts are made of, most likely cast iron... but you played it perfectly
[15:31] {dino} out bfam .04, +.36
[15:31] {lumdus} in bsc 4.72 stop 4.59
[15:32] {lumdus} stop on bsc 4.64
[15:34] {dino} sm l fds .08
[15:35] {lumdus} stop on bsc 4.69
[15:36] {lumdus} hmm, bsc getting tired now. i exit soon
[15:36] {Threei} JASO .80 is tempting for long
[15:36] {Threei} I wish we had more time before eod
[15:37] {lumdus} bsc out
[15:37] {Threei} thing is way safer than it used to be when traded in stratosphere
[15:37] {Chaeron} but not as fun
[15:37] {Threei} lol
[15:39] {Threei} if it can eat through these offers it has aa good chance
[15:39] {Threei} stop would be under .60
[15:47] {Threei} prbably won't happen JASO
[15:47] {Chaeron} .
[15:47] {Chaeron} .
[15:47] {Threei} too close to eod
[15:47] {Threei} worth watching tomorrow though
[15:47] {Threei} but since I will forget anyway...
[15:50] {Threei} Ok guys, let's call it a day if you don't mind terribly
[15:50] {dino} out fds .25, +.17
[15:50] {Threei} thank you all, have a good evening
[15:50] {Threei} see you tomorrow
[15:50] {magoo} TY vad
[15:50] {Threei} welcome sir
[15:50] {Threei} dino grabbed last piece of money from the street :)
[15:51] {dino} indeed sir
[15:51] {Threei} hmm
[15:51] {Threei} JASO
[15:51] {Threei} nah... no time
[15:53] {dptl} have a good evening all:)
[15:55] {dino} take care all
[15:55] {dino} good day overall
[15:59] {dino} fmcn fast fall again
[16:04] {bruce} lots ofbig dumps today
[16:04] {bruce} wish we had some way to grab those
[16:07] {bruce} nightall

Mar 14 2008

Session Time: Fri Mar 14 00:00:00 2008

[08:33] {Threei} *FEB CONSUMER PRICE INDEX M/M: 0.0% V 0.3%E; CPI EX FOOD_ENERGY M/M: 0.0% V 0.2%E; CPI NSA: 211.693 V 212.223E
[08:34] {magoo} morning
[08:34] {Threei} Good morning
[08:34] {Threei} market loved the numbers
[08:36] {magoo} man vad, thats a 100 point spin in dow {again}
[08:37] {magoo} boy, i wouldn't want to be short
[08:37] {magoo} shorts keep getting slammed
[08:37] {Threei} no kidding
[08:38] {Threei} just when it looks like everything goes to hell in basket, market stages rally of scale that would be impressive even in a bull market
[08:48] {magoo} u made good point yesterday...how little $5 stx don't move anymore...they will....but at least we adapted
[08:48] {Threei} I miss them
[08:49] {Threei} not their time in cycle...
[08:50] {magoo} me too...couple bucks up mom..nice
[08:51] {magoo} jesus..even doug kass {ultimate perma short} oin cnbc saying if we go up today..he going home and re evaluate
[08:52] {magoo} talking heads saying shorts are suicidal
[08:52] {Threei} there you go
[08:52] {magoo} 3 abk crushes, a s&p crush, and today crush
[08:52] {Threei} when everyone gives up an idea of a drop, bear returns
[08:53] {magoo} yeah, when talking heads say shorts hurting..time to short
[08:53] {Threei} that's what I said all along, and we have moved into stage 2 now
[08:53] {magoo} although, not yet
[08:53] {Threei} stage 1 was - everyone is bearing, market rallies
[08:53] {Threei} stage 2 - rallies make shorts nervous, sentiment changes slowly,
[08:54] {Threei} it's still hard to believe market can go up while such dark clouds are all over
[08:54] {Threei} but rally after rally makes people rationalize
[08:54] {Threei} and finally they say OK, things are not as bleak
[08:55] {Threei} stage 3 - everyone's convinced we dodged the worst, bear returns
[08:55] {Threei} ummm.. stage 4 - everyone says it was all huge manipulation
[08:56] {Threei} stage 5 - those who traded what they saw come out ahead,
[08:57] {Threei} those who traded what they thought... well, they as usual provided the the first group with money
[09:00] {cosmo} so, what now? ...time to buy real estate?
[09:02] {Threei} soon
[09:03] {cosmo} agree
[09:04] {cosmo} as a hedge...
[09:09] {cosmo} PWER
[09:09] {cosmo} In a letter to PWER mgmt, Bel Fuse (BELFA BELFB) CEO states "There are significant opportunities for the realization of synergies resulting from the combination of our businesses.
[09:10] {cosmo} 2.90 pre mkt high ...so far
[09:12] {GeoArb} good morning
[09:12] {Threei} geo :)
[09:13] {cosmo} TTHI: # Lilly and Transition Therapeutics Announce Licensing and Collaboration AgreementPR Newswire(Thu 5:26pm)
[09:16] {cosmo} SOLF
[09:17] {Threei} BCS
[09:17] {Threei} JPMORGAN CHASE AND FEDERAL RESERVE BANK OF NY TO PROVIDE FINANCING FOR A PERIOD OF 28 DAYS, WORKING ON PERMANENT FINANCING
[09:17] {Threei} - JP Morgan in conjunction with the Federal Reserve Bank of New York, has agreed to provide secured funding to Bear Stearns, as necessary, for an initial period of up to 28 days. Through its Discount Window, the Fed will provide non-recourse, back-to-back financing to JPMorgan Chase. JPMorgan Chase is working closely with Bear Stearns on securing permanent financing or other alternatives for the company.
[09:19] {esemde} good morning
[09:19] {dptl} good morning all
[09:19] {Threei} ese, dp :)
[09:21] {Threei} that was BSC, sorry
[09:21] {Threei} wrong symbol
[09:21] {Threei} RIMM
[09:21] {Threei} INDIAN TELECOM OPERATORS NEGOTIATING ON BLACKBERRY USAGE - WSJ- Reminder: On 3/10, there was a report the Indian gov't stated that messages sent using RIMM's system pose a threat to security, citing the difficulty of tracing and intercepting these messages.
[09:22] {Threei} what's with solars
[09:23] {esemde} there up so far this morning........hit rock bottom my guess
[09:24] {GeoArb} vad, whats the symbol of NQ in laser?
[09:24] {dino} gm all
[09:25] {Threei} "/nq8h" - without quotes
[09:25] {Threei} dino :)
[09:25] {GeoArb} 8h or h8?
[09:25] {Threei} 8h
[09:25] {GeoArb} thnx
[09:27] {magoo} why is BSC news considered bad??
[09:27] {magoo} 8 pt drop
[09:27] {Threei} there are more
[09:27] {dino} dogs and cats in sin, you guys talking real estate
[09:28] {Threei} CONFIRMS AGREED TO SECURED LOAN FACILITY WITH JPMORGAN CHASE; SAYS LIQUIDITY IN THE LAST 24 HOURS SIGNIFCANTLY DETERIORATED- agreement with JPMorgan Chaseto provide a secured loan facility for an initial period of up to 28 days allowing Bear Stearns to access liquidity as needed. Bear Stearns also announced that it is talking with JPMorgan Chase & Co. regarding permanent financing or other alternatives.
[09:28] {Threei} - Alan Schwartz, CEO of The Bear Stearns Companies Inc., said, "Bear Stearns has been the subject of a multitude of market rumors regarding our liquidity. We have tried to confront and dispel these rumors and parse fact from fiction. Nevertheless, amidst this market chatter, our liquidity position in the last 24 hours had significantly deteriorated. We took this important step to restore confidence in us in the marketplace, strengthen our liquidity and allow us to continue normal operations."
[09:28] {Threei} - The
[09:28] {Threei} - The company can make no assurance that any strategic alternatives will be successfully completed.
[09:28] {dino} jpm will be buying bsc
[09:28] {dino} at 40
[09:29] {Threei} ABK
[09:29] {Threei} RELEASES CHAIRMAN'S LETTER
[09:29] {Threei} very informative
[09:29] {esemde} inside info dino????
[09:30] {cosmo} SOLF pre mkt high = 10.90
[09:30] {cosmo} fwiw
[09:30] {dino} yes, from inside my gut
[09:31] {dino} they are on the ropes
[09:32] {esemde} TTHI Eli Lily wants to buy it
[09:33] {esemde} wants to commercialize it's diabetes treatments
[09:34] {bruce} qgen moving
[09:35] {bruce} lpnt 2 bucks out of gate dino
[09:36] {bruce} any tho0ughts on qgen .60 break vad?
[09:37] {Threei} if holding above ,45
[09:39] {bruce} you may like akns vad
[09:39] {Threei} solar
[09:39] {Threei} needs whole sector to move
[09:39] {Threei} rarely does it move alone
[09:40] {bruce} k
[09:40] {Threei} FSLR is strong
[09:40] {Threei} so AKNS does have a chance
[09:40] {Threei} although SOLF looks more promising as a follower
[09:40] {magoo} rimm falls
[09:42] {esemde} strong indeed Vad
[09:42] {bruce} should we try goog today curtis?
[09:42] {bruce} just for fun of course
[09:42] {Threei} don't wake up a monster bruce
[09:43] {magoo} curtis, take a look at BIDU
[09:43] {magoo} kidding
[09:43] {bruce} ah bidu is kids stuff
[09:43] {bruce} drys is better
[09:44] {Threei} SOLF is trying
[09:44] {Threei} watching how well it's holding while FSLR drops
[09:44] {Threei} if doesn'tr retreat under .70, will be a long candidate
[09:44] {Threei} .91 trigger
[09:46] {magoo} pretty good fall aapl
[09:46] {magoo} mkt still eractic
[09:47] {Threei} BSC
[09:47] {Threei} break of 50 short, half lot
[09:47] {Threei} ugh... too fast
[09:47] {Threei} no one got it I suppose
[09:47] {magoo} nope
[09:48] {tomg} i did vad
[09:48] {Chaeron} not me either... GM all
[09:48] {GeoArb} i got about 65 cents
[09:48] {Threei} wow guys
[09:48] {GeoArb} on the previous pivot
[09:48] {Threei} fantastic reflexes
[09:48] {GeoArb} only 100 shares though
[09:48] {tomg} about .60, ty vad
[09:48] {bruce} q's selling off vad
[09:49] {Threei} 2.5 points drop off trigger
[09:49] {Threei} hi chaeron
[09:49] {bruce} may be better short or wait for bounce to try longs
[09:49] {magoo} 2.5 seconds notice tho : )
[09:50] {tomg} out
[09:53] {magoo} it was 65 pre mkt
[09:54] {magoo} one of these days i gonna catch one of these
[09:54] {tomg} one of these days i'm not gonna jump out so quick :)
[09:54] {magoo} 7 points vad call now
[09:54] {GeoArb} wo
[09:54] {GeoArb} cought the BSC
[09:54] {GeoArb} \never seen so much money on 100 shares
[09:54] {dino} thought the shorts were toast
[09:55] {dino} buy the dips, sell the rips
[09:55] {Threei} that was yesterday dino :)
[09:55] {Threei} today longs turn
[09:55] {dino} this a.m. on cnbc
[09:55] {Threei} *MARCH PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 70.5 V 69.5E- 1 year inflation expectations at 4.5% v 3.6% in Feb
[09:56] {Threei} BSC, that's a bit too much
[09:56] {dino} yes was thinking 40
[09:57] {magoo} can u imagine buying at 65 this morn
[09:58] {ThurstonHowellTheThird} .....without using a stop
[09:58] {bruce} I bet dino shorted it
[09:58] {dino} icxt sm l .11, stop lod
[09:59] {Threei} bounce time near, RIMM
[09:59] {dino} chickened out bruce
[09:59] {Threei} one last leg down it seems
[09:59] {bruce} cluck
[10:00] {bruce} cluck
[10:00] {bruce} cluck
[10:00] {Threei} 17 points BSC
[10:00] {GeoArb} i am loving BSC
[10:00] {Threei} you still in?
[10:00] {esemde} Solars really following FSLR.....
[10:00] {GeoArb} out now
[10:00] {magoo} i was looking to short that pre mkt..no shit..but discipline prevailed
[10:00] {ThurstonHowellTheThird} wow
[10:00] {Threei} 21 points
[10:00] {Threei} mama mia
[10:00] {GeoArb} 600 bucks on 100-200 shares
[10:01] {GeoArb} thats gotta be luck
[10:01] {esemde} market just tanking........
[10:01] {Threei} OK RIMM
[10:01] {magoo} it going to negative 5
[10:01] {Threei} finger on a trigger
[10:01] {magoo} long right?
[10:01] {Threei} yeah, bounce scalp
[10:01] {Chaeron} [06:56] {Threei} BSC, that's a bit too much --- BSC to Vad "*I'LL TELL YOU WHEN I'VE THOUGHT IT IS ENOUGH" :)
[10:01] {Threei} lol
[10:02] {dino} 330pt range, fast today
[10:02] {magoo} my god virginia.it is end of times
[10:02] {Threei} about time
[10:02] {GeoArb} i need to learn hunting and fishing )
[10:02] {Threei} in
[10:03] {magoo} i resident hunter
[10:03] {Threei} out
[10:03] {Threei} that was fast 50 cents on RIMM
[10:03] {magoo} huh? make any?
[10:03] {dino} beyond here, there be monsters
[10:04] {GeoArb} being a newbies... i think ill stayoff countertrend
[10:04] {GeoArb} looks like ulcers
[10:04] {esemde} is it the Bears Stearns news thats the bringer of this doom?
[10:04] {Threei} part of it yes
[10:04] {patience} appears so
[10:04] {Threei} second part is sentimewnt change, CNBC starting talking bear is over
[10:05] {Threei} remember I said a few times
[10:05] {Threei} these ralies happen until outlook in masses in bearish
[10:05] {Threei} they will be over and we will see realdownturn once massses start belieivng it's over
[10:05] {magoo} vad..pull up my earlier commenyt..talking heads one
[10:06] {dino} buy the dips sell the rips, thats bear market trading
[10:07] {bruce} thinking of trying bsc bounce vad?
[10:07] {dino} in
[10:07] {Threei} no
[10:07] {dino} sm
[10:07] {bruce} toolate
[10:07] {dino} 36, 100
[10:07] {Threei} this move is too far beyind ordinary
[10:07] {esemde} this is not for the faint of heart today.....
[10:07] {Threei} can run into halt
[10:08] {Threei} can run into another news release
[10:08] {GeoArb} k
[10:08] {bruce} k- not even thinking of touching bsc
[10:08] {Threei} don't... this is get it early or stay away kind of thing
[10:08] {magoo} bsc lev 2 makes bidu look like nvda
[10:08] {Chaeron} fun to watch at least
[10:09] {magoo} i can't take itttttttttttt
[10:09] {Threei} oh yeah
[10:09] {Threei} this is one of those days
[10:09] {Threei} 1. get your popcorn
[10:09] {magoo} u know me vad..my natural instinct
[10:09] {bruce} shpgy break vad?
[10:09] {Threei} 2. set default shares half or third of your usual
[10:09] {magoo} trying discipline here
[10:09] {esemde} FSLR ...man that was a 14.00 tank before it turned around...wow
[10:10] {bruce} yeah mags - we know - partners in crime w lum and curitis
[10:10] {GeoArb} i bet laserdave has been whipping it all the way down
[10:10] {Threei} not my cup of tea bruce
[10:10] * Chaeron sets default shares to 5
[10:10] {bruce} k
[10:11] {Threei} 3. take notes of what happens today because this is one of those days you will be telling your grandkinds about
[10:11] {magoo} taking bets..i say close green
[10:11] {dino} black swan
[10:11] {Threei} Great Liquidity Crisis era, the day Bear Sterns fell
[10:11] {GeoArb} about time
[10:12] {GeoArb} poker/golf playing dufus
[10:12] {magoo} vad, how much u make on RIMM, ?
[10:12] {Threei} 50 cents
[10:12] {Threei} me chicken
[10:12] {magoo} only .40 here
[10:13] {magoo} my only trade
[10:14] {bruce} missed it - couldn't decide where to enter or how big stop should be
[10:14] {lumdus} good morning all. woke up damm late again.
[10:14] {GeoArb} i got about 3 dollars from bsc
[10:14] {lumdus} yeah, i missed the best trades i imagine
[10:14] {Threei} hi lum, missing all the fun
[10:14] {Threei} wqtg Geo
[10:14] {bruce} your kinda trades too lum
[10:14] {Chaeron} what a day lum..... we all got 25pts + on short of BSC :)
[10:15] {dino} wtg!!!
[10:15] {Threei} only 20 chaeron, don't make those exaggerated claims undermining our credibility
[10:15] {Chaeron} [07:01] {Threei} 21 points
[10:16] {Chaeron} I was close :)
[10:16] {Threei} hehe
[10:16] {Chaeron} and then dino covers and goes long for an additional 8 points... *wiping tear - thing of beauty*
[10:17] {dino} no, never shorted
[10:17] {Chaeron} so, other than that, how's your day going lum?
[10:17] {dino} icxt stop to .32
[10:17] {Chaeron} (you know I'm teasing lum... but we did miss you)
[10:17] {lumdus} vad, i got screwed today. my ctum changes to ctgi so i don't know if i am up or i am down
[10:17] {dino} out .33, +.22
[10:18] {Threei} CTGI is at 2
[10:19] {lumdus} holly smoke !
[10:19] {lumdus} tx.
[10:20] {bruce} market a t decisoin point after nice bounce - back down or up agiaqn?
[10:21] {bruce} these huge swings are hard (and scary ) to trade vad
[10:21] {Threei} look 2 points out of three I made above
[10:22] {GeoArb} i already trade only 100 shares :(
[10:22] {Threei} that's fine :)
[10:22] {GeoArb} (down to 30) HEHEHE
[10:22] {Threei} nash, keep it reasonable, lol
[10:23] {GeoArb} vad would like you to know I have paid for your course :D
[10:23] {Threei} watching XLF for bounce
[10:23] {GeoArb} thnks
[10:23] {Threei} wow Geo... I am happy to hear that
[10:23] {magoo} XLF not coming up here
[10:23] {Threei} sheesh... mags, you don't have some of major feeds
[10:24] {Threei} you have BSC quotes right?
[10:24] {magoo} what should i have?
[10:24] {magoo} yes
[10:24] {Threei} ok, then your NYSE is fine, but AMEX is not
[10:24] {magoo} ok, thats right, another amex last wk
[10:25] {bruce} amgn looking like long reversal play
[10:25] {magoo} ill tell evadresal
[10:25] {Threei} use BSC to time XLF bounce
[10:26] {magoo} how the hell i do that?????????????????????
[10:26] {Threei} you don't, you need to get AMEX feed first
[10:26] {magoo} ROFLOL
[10:27] {Threei} XLF long here with stop under 24
[10:27] {magoo} sigh..i guess i'm on my own
[10:28] {Threei} yup
[10:29] {Threei} FED BOARD VOTED UNANIMOUSLY TO OK JPM, BSC ARRANGEMENT, WILL CONTINUE TO PROVIDE LIQUIDITY AS NECESSARY
- Says will provide liquidity as neccessary to promote orderly functioning of financial system, monitoring market developments
[10:29] {magoo} fresh?
[10:29] {Threei} a few min ago
[10:30] {Threei} XLF 1:1
[10:30] {dino} pcar
[10:30] {Threei} half out for me
[10:30] {Threei} scalpers know what to do
[10:31] {Threei} if they don't they are not scalpers
[10:33] {GeoArb} vad do you use oms mudule for stops?
[10:34] {Threei} if I want to set auto stop, yes,
[10:34] {dino} pcar s break of .00
[10:34] {dino} sm
[10:34] {Threei} but I almost never do that
[10:34] {GeoArb} ok
[10:34] {GeoArb} so whats the alternative?
[10:34] {Threei} manual
[10:35] {Threei} I just click sell
[10:35] {GeoArb} yeah i was afraid of that
[10:35] {Threei} why?
[10:35] {GeoArb} market out?
[10:35] {Threei} best stop is on your fingertips
[10:35] {Threei} if a stock very thick, market
[10:35] {GeoArb} ok
[10:35] {Threei} otherwise same way as I do entries
[10:35] {Threei} a few cents beyond market
[10:35] {GeoArb} ok thanks
[10:36] {Chaeron} SEC: WILL "CONTINUE TO WORK CLOSELY" WITH BEAR STEARNS
[10:37] {curtisweese} s RIMM 103.22
[10:37] {dino} i-bankers are not allowed to fail i see
[10:37] {dino} perhaps if some hookers were sent over, they would let it trade properly
[10:37] {lumdus} dino, if they fail we all faily
[10:38] {dino} one i-bank won't matter over time. part of the process
[10:39] {dino} gs loaded w/bsc puts i bet
[10:39] {curtisweese} out rimm short +.02 :)
[10:40] {curtisweese} dangit!! out 10 sec too early
[10:40] {curtisweese} trying again at 103. this time
[10:42] {curtisweese} out RIMM short +$.40
[10:43] {curtisweese} s RIMM 102.78
[10:44] {curtisweese} out RIMM short -.05
[10:45] {curtisweese} l RIMM 103.04
[10:46] {bruce} aapl lookinglike short - any thoughts on it vad?
[10:46] {GeoArb} bsc daily looks sad
[10:46] {curtisweese} out RIMM +.20
[10:46] {curtisweese} crap...missed .30 on that one
[10:46] {bruce} you play rimm like a pinball machine curtis
[10:46] {GeoArb} and he seems to get about a buck at the end of it heh
[10:47] {curtisweese} heheh...just have to be willing to take .10 losses a lot.....
[10:47] {curtisweese} i made $5k on it yesterday again...well 4,500 or so
[10:47] {bruce} great
[10:47] {dino} wow
[10:47] {curtisweese} s RIMM 103.14
[10:48] {bruce} lol that got dinos attention
[10:48] {dino} cov pcar .63, +.40
[10:48] {dino} i'm just a small guy shooting for 700 a day
[10:49] {dino} srcl l .08, stop .74
[10:49] {curtisweese} that one hurt -$.29 !!
[10:49] {curtisweese} owie!!1
[10:50] {curtisweese} l RIMM 103.65
[10:51] {magoo} how many shares u flipping curtis to make 5k a day, seriously?
[10:51] {curtisweese} out RIMM +.40
[10:51] {dino} hell of a week going curtis
[10:51] {curtisweese} 1000 shares of RIMM and AAPL is what i seem to play over and over now
[10:52] {GeoArb} so you made 5 bucks on rimm yesterday
[10:52] {GeoArb} wow
[10:53] {GeoArb} BSC in talks to sell at 60% of book value
[10:53] {GeoArb} to various
[10:54] {lumdus} in bsc 36.65
[10:54] {GeoArb} i am curious... anyone else got that news?
[10:54] {Chaeron} CNBC'S GASPARINO REPORTS BSC IS "ACTIVELY BEING SHOPPED" TO JPM AND OTHERS{JPM}
[10:54] {GeoArb} perfect
[10:54] {Chaeron} mp Geo
[10:54] {dino} blood is running
[10:55] {GeoArb} mp?
[10:55] {Threei} at 10:49 on wires geo
[10:55] {lumdus} stop b/e 31.65 on bsc
[10:55] {lumdus} out 32.05
[10:55] {Chaeron} mp - my pleasure
[10:55] {lumdus} bsc + .40
[10:55] {curtisweese} l RIMM 103.9
[10:55] {GeoArb} i was curious about 60% book value statement
[10:56] {dino} my end of days comment fits bsc
[10:56] {Chaeron} FED BOARD STAFF: JPM WILL NOT BE LIABLE FOR ANY DEFAULTS ON BSC COLLATERAL{BSC XLF}
[10:56] {curtisweese} out RIMM -.09
[10:57] {dino} pretty good deal for jpm
[10:58] {bruce} possible long setup - nvda - break of .91
[10:58] {curtisweese} s RIMM 103.72
[10:58] {dino} stupid fed, no risk jpm, fed has risk of default, fed should just do it itself, maybe get gains
[10:59] {dino} srcl stop to .40
[11:01] {curtisweese} -$.10
[11:01] {curtisweese} grrrrrrrrrrrrrrrrrr
[11:01] {dino} out srcl .52, +.44
[11:01] {GeoArb} 5 dojis in a row in rimm
[11:01] {bruce} nice dino
[11:01] {curtisweese} dino, nice work!!1
[11:02] {esemde} hmmmmm just listening to an interview that said there is only a 60% chance that Bernake will be reappointed in 2010....thats a vote of non confidence in my view
[11:03] {ThurstonHowellTheThird} dino, on SRCL, how did you know that was a reversal point?....If you don't mind me askn
[11:03] {curtisweese} l RIMM 103.72 i feel it this time!!! come on!!!!
[11:04] {dino} watched for about hour,daily, 5 dayu, monthl;y chart,hit 50 sma, and the,n, gut feel
[11:04] {ThurstonHowellTheThird} k thx
[11:04] {dino} my edge, fwiw, seems to be capitulation and euphoria, i play contra, small size, wide stops and let them trade
[11:05] {dino} 300-500 shares, srcl was 500, stop stop around .33. on 300 stops around .51
[11:06] {dino} probabilities plays an important part of my trading
[11:06] {dino} and magoo, will tell you, once itm, i get stingy and tighten stop fiercly
[11:06] {bruce} possible reversal here in penn dino
[11:08] {dino} penn tricky, imo someone thinks deal will not happen
[11:08] {bruce} k
[11:09] {Threei} QLTY?
[11:09] {Threei} what just happened?
[11:09] {Threei} I see no news
[11:11] {dino} bs spike is all i see
[11:11] {dino} 8k 6:30
[11:18] {lumdus} poor folks who had bsc from yesterday. my heart goes out to them. that is a huge freekin dump
[11:19] {Threei} it was up nicely pre-market... if they watch their mney they would have taken a gift
[11:20] {dino} when you get lucky, take it- livermoore
[11:21] {curtisweese} especially when fast money and those shows on CNBC all pump it every day while it drops
[11:22] {dino} alex
[11:23] {magoo} vad, how many trades u do today, i saw 2
[11:24] {Threei} calls or personally?
[11:24] {GeoArb} your personal are diff from calls?
[11:24] {GeoArb} for shame !!!!!!!!!!!!!!!!!!!!!
[11:24] {curtisweese} s RIMM 103.02
[11:24] {Threei} yes they are
[11:24] {Threei} not drastically but still
[11:24] {GeoArb} :)
[11:24] {bruce} in fairness - would think some trades move to fast for vad to post
[11:25] {Threei} just so there is no confusion over that
[11:25] {GeoArb} i think vad is secretly trading curtis style
[11:25] {Threei} 1. those that move too fast to post, as bruce said
[11:25] {Threei} 2. those that I deem too risky to call
[11:25] {Threei} 3. those that I miss while alerting
[11:26] {curtisweese} out RIMM +.38
[11:26] {Threei} 4. those that I miss because of dcc, e-mails, mentoring or administrative issues
[11:26] {curtisweese} omg...i left sooooo much money on the table......grrrrrrrrr
[11:26] {GeoArb} crap i was kidding
[11:26] * Chaeron vows never to DCC Vad again
[11:26] {Chaeron} :)
[11:27] {Threei} there could be some minot divergencies aside of those, but mostly these 4 reasons explain the difference
[11:27] {curtisweese} l RIMM 102.39
[11:27] {Threei} nah Geo, fair question
[11:27] {bruce} auxl dino
[11:27] {GeoArb} its impossible for them to be same unless my account is linked to yours hehe
[11:27] {Threei} this matter is often being raised in discussions abolut rooms operation
[11:28] {GeoArb} ala IB
[11:28] {dino} w/mkt help
[11:28] {dptl} ok gonna go get some sleep(was working all night)have good rest of day and good weekend all :)
[11:28] {Threei} and any divergence is being pointed out by square heads as a sign of headtrader dishonesty
[11:28] {dino} later dp
[11:28] {GeoArb} even if you get audio
[11:28] {Threei} take care dp
[11:28] {GeoArb} people just have different trigger fingers
[11:28] {ThurstonHowellTheThird} bye dp
[11:29] {Threei} I won't tell your wife that you were working all nights while she was away
[11:29] {Chaeron} yeah... right... TokyoJoe you aint brother
[11:29] {curtisweese} out RIMM +.16
[11:29] {dptl} lol
[11:29] {Threei} square heads are squeare heads
[11:29] {Threei} I long abandoned atempts to explain or justify
[11:30] {Threei} but I do prefer to be very clear with members about how we operate
[11:30] {GeoArb} fair enough
[11:30] {curtisweese} l RIMM 102.62
[11:30] {Threei} imagine me seeing nice setup at 11:59,
[11:30] {GeoArb} i want to learn to fish anyway
[11:30] {Threei} I call it for the troom,
[11:30] {Threei} but will I take it if I have mentoring session starting at 12:00?
[11:31] {curtisweese} out -$.07
[11:31] {GeoArb} if all i wanted was calls..... i would try to convince you to open an IB friends family account and sign a waiver
[11:31] {GeoArb} hehehe
[11:31] {Threei} well... you know what they say about teaching man to fsh
[11:32] {Threei} he will sit on a boat and drink beer all day
[11:32] {GeoArb} whats wrong with that?
[11:32] {Threei} absolutely nothing
[11:32] {magoo} excuse me..but it was my questuion lol
[11:32] {Threei} I just want to make sure I am invited
[11:32] {GeoArb} heh
[11:32] {dino} you were right auxl
[11:32] {bruce} possibble bear flag in rimm here vad
[11:33] {dino} did someone say beer?
[11:33] {Threei} yes bruce, but trigger is a bit far from stop level for my taste
[11:33] {magoo} i did
[11:34] {Threei} .25 would be a short trigger
[11:34] {Threei} and resistance is fuzzy
[11:34] {bruce} k - nasty stop of .70 orso?
[11:34] {Threei} I would prefer it to consolidate a little to form a firmer and closer one
[11:34] {bruce} k
[11:34] {bruce} passing on it
[11:35] {magoo} id prefer a double bottom bounce to day high
[11:35] {magoo} off here
[11:35] {bruce} still time for auxl dino - thinking .27 break
[11:36] {bruce} thanx vad
[11:37] {magoo} vad, thoughts on my scenario RIMM?
[11:38] {Threei} that would be .75 break
[11:38] {bruce} rimmsky short starting to look better
[11:38] {Threei} but again... where is support for a stop?
[11:38] {magoo} .39
[11:38] {Threei} it's just a bit too wide range to find a solid safe break play
[11:39] {Threei} why .39
[11:39] {Threei} it went much lower several times
[11:39] {Threei} in last 5 min or so
[11:39] {Threei} not very pronounced support, easy to get shaken out
[11:41] {Threei} for any of these plays to be more kosher I'd like RIMM to form a bit tighter range
[11:42] {lumdus} in gg 45.35 stop 45.29
[11:42] {Threei} closer support for a break of .75
[11:42] {Threei} ot closer resistance for a break of .25
[11:42] {Threei} looks better now
[11:42] {magoo} feels like rimm gonna go..risky feel
[11:43] {Threei} with .40 being firmer support
[11:43] {dino} sm de l .50
[11:43] {curtisweese} l RIMM 102.68
[11:45] * Threei slaps Laserdave1 around a bit with a large trout
[11:45] {lumdus} nice heads up magoo
[11:45] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:45] {Threei} 1:1
[11:45] {Threei} nice
[11:45] {curtisweese} moved my stop .95
[11:45] {curtisweese} moved my stop to .12
[11:45] {magoo} i took .66 when talking w/vad
[11:46] {lumdus} i talk .78 crap
[11:46] {magoo} only half lot
[11:46] {lumdus} 3 x lot for me
[11:46] {curtisweese} .39 for my stop
[11:46] {lumdus} .39 mine also
[11:46] {curtisweese} .53 no
[11:46] {dino} bsc 12:30 conference call
[11:47] {lumdus} out here
[11:47] {Threei} BSC
[11:47] {Threei} ANNOUNCES CONF CALL AT 12:30ET TO ADDRESS SPECULATION REGARDING FUNDING ANNOUNCEMENT; MOVES EARNING RELEASE DATE UP TO MONDAY- to announce Q1 earnings after the close on Monday, March 17
[11:47] {magoo} out her + buck
[11:47] {lumdus} +.93 tx magoo
[11:47] {Chaeron} beautiful trade magoo
[11:47] {Threei} good job guys
[11:47] {dino} i see vad still has me on ignore
[11:47] {magoo} u were listening to me lum?
[11:47] {Threei} no dino :)
[11:47] {Threei} just added details
[11:47] {magoo} i exit .69
[11:48] {dino} :)
[11:48] {bruce} nice move de dino
[11:48] {lumdus} i saw your post , checked rimm and liked it so i took it.
[11:48] {lumdus} stop on gg b/e
[11:48] {magoo} nice lum
[11:48] {magoo} , vad i liked your input too
[11:49] {magoo} [11:42] {Threei} looks better now
[11:49] {magoo} [11:42] {magoo} feels like rimm gonna go..risky feel
[11:49] {magoo} thats where i hit it
[11:49] {Threei} you just like hitting things, admit it
[11:50] {dino} lucky
[11:50] {curtisweese} i'm stuck in trade...screen frozen
[11:50] {Threei} wow
[11:50] {Threei} yikes
[11:50] {magoo} want a brew..dino says too early..i say..hey..all last week had 2 cans down by now
[11:50] {bruce} perfect entry in it - just before jump\
[11:50] {Threei} RIMM?
[11:50] {curtisweese} OMG....that is unaccepatable
[11:50] {curtisweese} got out at .42
[11:50] {dino} out de .91, +.41
[11:50] {curtisweese} tried to get out at .59
[11:50] {Threei} whew
[11:51] {curtisweese} that is such BS!!!! stupid Scottrade
[11:51] {curtisweese} magoo...nice work
[11:51] {Threei} this is when I should say... get broker with highest relaibility possible
[11:51] {curtisweese} never had an issue before....but that is just crap....i had stop set at .53 too
[11:52] {curtisweese} it went right past that and didn't sell and then it hit the fan
[11:52] {Threei} he like living on the edge geo
[11:53] {Threei} curtis, in all seriousness
[11:53] {Chaeron} his pc is an old Commador too :)
[11:53] {Threei} you play big shares on high volatility stocks
[11:53] {curtisweese} lol...no my computer is sweet
[11:53] {Threei} one such occurence may cost you so much, you'll swear off all second rate things for the rest of your life
[11:54] {magoo} my GOD,...scottrade the way u flip?? u must have unconfirmed exoits everywhere
[11:54] {Chaeron} ok... so your pc is the car and your trading software the engine, why do you have a Porsche Carrera GT3 with a '63 VW Beetle engine in it?
[11:54] {dino} gals, beer, real estate, hotels, no more 2nd's curtis
[11:54] {curtisweese} lol!!!
[11:54] {magoo} chaer, nice
[11:55] {dino} chaer always goes for the jugler
[11:55] {Threei} lol
[11:55] {curtisweese} my jugular hurts
[11:55] {Chaeron} meanwhile I bitch because Laser is TOO fast for me... I don't get a chance to second guess lol
[11:55] {bruce} any read amzn long vad if breaks 69?
[11:55] {magoo} ah vad, we both been slacking..u or me??
[11:55] {dino} no pleasing you
[11:55] {Threei} say what magoo?
[11:55] * magoo slaps Laserdave1 around a bit with a large trout
[11:55] {dino} now magoo, whats for lunch?
[11:56] {Threei} lookie here mags:
[11:56] {Threei} [11:45] * Threei slaps Laserdave1 around a bit with a large trout
[11:56] {Threei} [11:45] {lumdus} nice heads up magoo
[11:56] {Threei} [11:45] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:56] {Threei} 11 min ago
[11:56] {Threei} now... who's been slacking?
[11:56] {magoo} christ..I been SLACKING
[11:56] {Threei} there
[11:56] {magoo} i deserve a slap
[11:56] {Chaeron} no
[11:56] {Threei} no
[11:56] {Chaeron} won't give you one
[11:57] {Threei} dit and think about your behavior
[11:57] {Threei} sit
[11:57] {Chaeron} I'm a sadist... and I don't give masochists what they want :)
[11:57] {Threei} don't hope to easy way out
[11:57] {Threei} exactly chaeron
[11:57] {Threei} be back in 5
[12:01] {Chaeron} I need about $65million.... http://www.nysun.com/article/72907
[12:03] {dino} working w/ a guy on 15% chaer, call me
[12:06] {Laserdave1} o hey
[12:06] {Laserdave1} nice to see guys as well
[12:06] {Laserdave1} thanks all
[12:06] {Threei} always dave
[12:06] {Chaeron} Dave wakes up...
[12:07] {Chaeron} and I thought Magoo was lagged
[12:08] {lumdus} out gg +.45
[12:09] {lumdus} 3 trades today .. better off then many trades.
[12:10] {dino} udrl
[12:13] {curtisweese} rimm gonna die here?
[12:13] {patience} dino, tell me this isn't your latest purchase http://bigpicture.typepad.com/
[12:13] {curtisweese} guess not
[12:14] {curtisweese} s RIMM 103.29
[12:14] {magoo} gotta go walk up street and get pizza..dino buying if i walk..he made a ton today
[12:15] {curtisweese} out RIMM +.-9
[12:15] {curtisweese} i mean +.09
[12:15] {bruce} cnx possible short - any read vad?
[12:16] {GeoArb} great day
[12:16] {GeoArb} thanks all... have a great weekend
[12:16] {curtisweese} is there no lag at all with your trade engine? you just click and it is instantaneious
[12:17] {Threei} that's how it is curtis
[12:17] {Threei} you click, it's done
[12:17] {curtisweese} i have a one sec lag it seems
[12:17] {Threei} sheesh
[12:18] {Chaeron} speed of light curtis
[12:20] {Chaeron} Dave is the best to talk to about that and is confidential...
[12:20] {curtisweese} okay...cool
[12:21] {Chaeron} not confidential about MY account... meaning your confidentiallity
[12:21] {curtisweese} hahhaha
[12:21] {Chaeron} serioiusly
[12:21] {curtisweese} crap didn't get my fill at 103.50 for the short on rimm...grrrrr
[12:21] {dino} auxl ouch, bruce you ok
[12:21] {magoo} chaer dcc quock
[12:21] {curtisweese} too greedy ...should have set it a tad lower....sigh
[12:22] {bruce} gfig reversal dino - too high here but may drop to reasonableentry level
[12:22] {bruce} dumped it dino
[12:22] {bruce} not trading well today though
[12:23] {curtisweese} l RIMM 103.01
[12:24] {dino} sorry to hear
[12:24] {bruce} thanx
[12:24] {bruce} one ofthose days
[12:26] {dino} brakes are good, just picked up a pizza
[12:27] {dino} wow 5 days chart gfig rollercoaster
[12:27] {bruce} \nue possible swhort setup -
[12:28] {bruce} yes - looks to be at bottom though so thought gfig bouncecandiate
[12:28] {dino} bsc may be affecting it
[12:28] {curtisweese} out RIMM +.12
[12:31] {Threei} market is locked in a narrow range
[12:31] {curtisweese} s RIMM 102.94
[12:31] {Threei} until it resolves, anyone's guess which way
[12:32] {curtisweese} out -.11
[12:32] {lumdus} i should have stayed in bsc all day long. would have had a record day
[12:33] {dino} hindsite
[12:33] {Threei} you know it's easy in retrospect only :)
[12:33] {dino} is 2/20
[12:34] {dino} i think we will have more opportunity today
[12:34] {magoo} big ben on cnbc at 1 pm..could cause mkt move
[12:36] {lumdus} tell him to keep quiet
[12:37] {Threei} I am all for it
[12:37] {Threei} better yet - if only we could make nreenspan keep quiet for all those years
[12:37] {magoo} good pizza here
[12:38] {Threei} how many realize that all the mess we are in is direct outcome of greenspan policies
[12:38] {dino} reminds me of long term capital days
[12:38] {Threei} in all fairness, he didn't start it
[12:38] {Threei} but he took it to such extremes
[12:38] {dino} i do, and yet they worship him, easy money al
[12:39] {Threei} yeah... "who needs gold when we have greenspan" come to mind
[12:39] {Threei} not far from "hold my beer and watch this" eh?
[12:39] {dino} encourage sub-prime mtg business
[12:40] {Threei} oh yeah
[12:40] {curtisweese} s RIMM 102.76
[12:40] {dino} curtis, you ever relax?
[12:40] {Threei} no matter who or what started policy of printing money as solution to all problems - re bubble is direct child of greenie
[12:40] {curtisweese} out RIMM +.16
[12:40] {dino} salvation thru inflation
[12:40] {Threei} that was his answer to you dino :)
[12:41] {curtisweese} l RIMM 102.71
[12:41] {dino} yes
[12:42] {Threei} it's toxic... I can sit whole day and watch curtis
[12:42] {curtisweese} out -.12
[12:43] {curtisweese} i need to get "mark to market" distinction for tax purposes, so i need a lot of trades being that i have a full time job and the IRS looks closely b/c of that....
[12:43] {magoo} if curtis is 2k rd trip...my god..u flipping clodse to 100k shares ..$800 commission
[12:43] {Threei} BSC is holding conference call
[12:44] {Threei} things being said there affecting market
[12:44] {Threei} be careful guys
[12:44] {magoo} cash here
[12:44] {dino} eating pizza no worries
[12:44] {curtisweese} all cash
[12:45] {dino} same
[12:45] {curtisweese} dino, just saw your question....yeah...at 1 p.m. or so
[12:45] {curtisweese} pacific time that is
[12:46] {dino} de lod
[12:46] {Threei} a lot of brikers are out of BSC shorts
[12:46] {Threei} brokers
[12:46] {dino} lol curtis, you're making me tired
[12:47] {ThurstonHowellTheThird} lol, my neck hurts from turning to look at the screen every time I hear a beep on the chat
[12:48] {dino} no volume hear
[12:48] {curtisweese} there is a volume control? lol
[12:48] {curtisweese} i never have sound on
[12:48] {Threei} but thtt... think of how well exercised and flexible tyour neck is going to be
[12:48] {magoo} THTT, u post bail for maryanne?
[12:48] {Chaeron} heheh...
[12:48] {dino} just music in my office
[12:49] {magoo} vad, can i have a beep for chat room?
[12:49] {ThurstonHowellTheThird} I think I have developed a one-sided twich now :(
[12:49] {Threei} yes mags
[12:49] {curtisweese} l RIMM 102.04
[12:50] {Threei} got to File-Options-Sounds
[12:50] {Threei} lkookie there
[12:50] {magoo} is it complicated? i pretty obtuse
[12:50] {Threei} also, just in case someone wonders
[12:50] {Threei} there is a way to make room speak
[12:50] {Threei} and even pick a voice
[12:50] {Threei} extremely annoying if you ask me
[12:51] {curtisweese} out RIMM +.57!
[12:52] {magoo} i see sounds in there w/a + by it..what i do?
[12:52] {dino} working w/lazzard to determine alternatives, hey we are for sale
[12:52] {Threei} depends on what you want it beep on magoo
[12:53] {Threei} there is a dropdown menu with arrow
[12:53] {Threei} three boxes below
[12:53] {dino} should i shut my door
[12:53] {Threei} pick your events,
[12:53] {Threei} configure things,
[12:53] {Threei} then check the box at the top Enable sound
[12:53] {Threei} I'd think so dino
[12:53] {Threei} I hate this stuff honestly :)
[12:54] {Threei} aside of sound of order being executed, I need no other sounds
[12:54] {magoo} ok
[12:57] {dino} i use bright yellow flashes
[12:58] {Chaeron} mag - dcc
[12:59] {curtisweese} l RIMM 102.16
[12:59] {curtisweese} i mean 102.06
[13:01] {magoo} chaer, im there bro
[13:04] {dino} class actions filed bsc
[13:06] {bruce} market dropping - thoughts on nvda short vade?
[13:06] {curtisweese} out RIMM -.05
[13:08] {curtisweese} l RIMM looks like douuble bottom
[13:08] {Threei} a bit conflicted on it bruce
[13:08] {Threei} shart looks favorable for short
[13:09] {bruce} k- me too - looks like we may get bounce - or big dump
[13:09] {Threei} just not sure today's action allows rely on charts very much
[13:09] {bruce} k
[13:13] {magoo} vad type anything
[13:13] {Threei} anything
[13:13] {magoo} nadda chaetr..no prob
[13:13] {magoo} .
[13:14] {dino} chaer dcc
[13:20] {Chaeron} shoot
[13:23] {dino} -320 coming
[13:25] {lumdus} short rimm 101.97 stop 102.15
[13:25] {lumdus} 50/50 crap shoot
[13:25] {curtisweese} i will jump in with ya
[13:25] {curtisweese} hahahaha
[13:25] {bruce} q's really huging yesterdays low at moment vad
[13:26] {curtisweese} my stop is .20 though
[13:26] {Threei} but a bit higher than today's
[13:27] {Threei} so hard to see it as breakdown
[13:27] {lumdus} i got oinked .. bamm
[13:27] {lumdus} vad, so you think we have chance of recovery heare ? mood is rap
[13:27] {Threei} honestly, I have no opinion here on direction
[13:28] {Threei} last couple weeks left me with no desire to predict anything beyond "sun WILL rise tomorrow"
[13:28] {Threei} and even that...
[13:29] {curtisweese} i got stopped out too
[13:29] {Threei} really, how many predictions by anyone, from average joe and all the way to the very top of brilliant market analysts came true these days?
[13:29] {lumdus} not many, you right
[13:29] {Threei} here is one thing I really want you guys to give a thought to
[13:30] {curtisweese} l AAPL 125.94 i think we rally now
[13:30] {curtisweese} or not
[13:30] {Threei} I recently stumbled onto site that goes over predictions made by market reviewers. columnnists, analysts of all sorts
[13:30] {Threei} and tracks them
[13:30] {Threei} ranking all the guys by the percentage of them being right/wrong.
[13:31] {Threei} One thing struck me as odd as soon as I looked over ranking list:
[13:31] {Threei} at the very top of it with somethinbg like 69% was the guy I never considered to be any good at anything
[13:31] {curtisweese} aapl looks to be a good position for long ...with a stop right below 126
[13:31] {curtisweese} or around 125.80 or so
[13:32] {Threei} and somewhere closer to the bottom with 30 something percents was the guy I consider the most brilliant mind
[13:32] {Threei} So I started looking into their methodology
[13:32] {Threei} and one sentence made me dismiss their rankings altogether,
[13:32] {Threei} That sentence was:
[13:32] {Threei} "we do not consider conditional forecasts".
[13:33] {Threei} that was it for me
[13:33] {Threei} because any forecast in the market can be valid ONLY if it's conditional
[13:33] {bruce} rimm looking like possible long here
[13:33] {curtisweese} stop is set at 125.60 for me on aapl...i'm long from 125.94.....
[13:33] {Threei} otherwise it assumes that forecasters sees the future
[13:33] {Threei} One who says "market will drop tomorrow" has no credibility with me.
[13:34] {Threei} One who says "market will drop if this and this happens, and will rise if that and that happens" - this I am willing to listen to
[13:34] {curtisweese} that makes total sense to me
[13:34] {Threei} unfortunately it doesn't to many
[13:34] {Threei} they want the treade being fed to them
[13:35] {curtisweese} i feel we will rally....if the market goes up
[13:35] {curtisweese} ouch on aapl!!
[13:35] {Threei} and no matter how many times they lose on guru type of calls, they still strive for more
[13:35] {curtisweese} just missing my stop...lol
[13:35] {lumdus} correct you are.
[13:35] {dino} i trust the magic 8-ball
[13:35] {Threei} I do too, but even more so - my dartboard
[13:35] {curtisweese} it went down to .62 or so...come on....run aapl run darn you
[13:36] {Threei} One who confidently says "this is what is going to happen tomorrow" is a fraud
[13:36] {curtisweese} okay.....aapl is warming up....getting ready to run.....pleeeeeeeease run....hahahah!
[13:36] {Threei} Next logical step in this thinking:
[13:37] {Threei} how comfortable reasonable person can feel
[13:37] {Threei} letting financal advisors, managers etc manage their money?
[13:37] {Threei} have those people ever made money in the markets trading their own money?
[13:38] {Threei} or they just obtained certificate graduating form some courses?
[13:38] {curtisweese} out aapl +.16
[13:38] {Threei} and that course taught them how to make money in the market?
[13:38] {Threei} gimmie a break
[13:38] {dino} of course
[13:38] {dino} optm
[13:38] {Threei} of course telling this to you I am preaching to the choire
[13:39] {curtisweese} l on aapl again 126.24
[13:39] {judi} we agree others managing our IRA we lost over $200K in one year. We took over self-directing IRA ourselves
[13:39] {judi} and made money in real estate with IRA funds
[13:39] {curtisweese} i set too tight of a stop on last one....or maybe not
[13:39] {Threei} since you started trading your own money because you weren't confident in ability of those people to do that for you
[13:39] {Threei} there you go judi
[13:39] {Threei} proof of the concept
[13:40] {Threei} of course they all look brilliant in bull market
[13:40] {dino} gj judi
[13:40] {Threei} make money in what we have this year - you have my great respect
[13:40] {dino} agreed
[13:41] {Threei} make money in 1998 - 2000 environment... well
[13:41] {Threei} it's nice
[13:41] {Threei} but doesn't allow to tell brains from bull market
[13:41] {judi} we still have 7 houses no debt but can rent out until market moves. Plus we rode the great wave
[13:41] {Threei} this is brilliance :)
[13:42] {judi} several years and increased our IRA 1000%
[13:42] {Threei} buying blue chips and banks and holding them come hell or high water is not
[13:43] {Threei} whole idea is of "buy and hold, market in a long run always goes up, you can't time the market, it's not a loss until you sell" is a fraud pushed on people
[13:43] {dino} asset alligators
[13:43] {Threei} and designed to encourage them to give their money to alligators
[13:43] {Threei} thanks for the workd dino :)
[13:43] {Threei} word
[13:44] {dino} :)
[13:44] {dino} further, if you are on margin, believe me its a loss as it occurs
[13:44] {Threei} no kidding
[13:44] {bruce} out for balance of day
[13:44] {bruce} have a good weekend all
[13:44] {dino} learned the hard way years ago
[13:44] {bruce} see you monday
[13:44] {Threei} take care bruce, have a good one
[13:44] {dino} take care bruce
[13:44] {bruce} thanx vad
[13:45] {curtisweese} come on aapl....grrrrr
[13:45] {curtisweese} Slaps AAPL around with a large salmon as he can't find a trout
[13:46] * Threei hands curtis a trout... sorry, I borrowed it for min
[13:46] {Threei} to do this:
[13:46] * Threei slaps Laserdave1 around a bit with a large trout
[13:47] {magoo} back
[13:47] {lumdus} we need some good old recovery for the weekend here.
[13:48] {Threei} I wouldn't mind
[13:48] {curtisweese} out aapl +.24
[13:48] {dino} auxl l .52, stop .28
[13:49] {curtisweese} back in aapl long 126.35
[13:49] {curtisweese} doh
[13:50] {dino} blackkkkkk monday
[13:51] {curtisweese} we rally into close before selloff....come on.....market.. i love youuuuuuuuuu
[13:53] {curtisweese} hahaha...she just said "dumper" on CNBC
[13:54] {Threei} lol
[13:54] {Laserdave1} hey cutis dcc please
[13:54] {Laserdave1} curtis
[13:54] {Threei} they start asdopting the terminology
[13:55] {curtisweese} trying...lol
[13:55] {dino} maybe she was checking someone out, like "nice dumper"
[13:56] {curtisweese} she said the dollar was in the dumper
[13:57] {Threei} hard to argue
[13:57] {Threei} tthere is some ETF thattracks USD I think
[13:57] {curtisweese} i really like aapl...i think i need to break off a little capital for aapl long term
[13:58] {Threei} want to know it for the day when thewy all say get out of us dollar
[13:58] {Threei} I will sell farm, wife and kids and go long
[13:58] {dino} me too
[13:58] {curtisweese} jeez i say i like aapl and it tanks....lol
[13:59] {Threei} you know it by any chance dino?
[14:00] {dino} no
[14:00] {Threei} heck, I will even sell magoo's farm to use money for that trade
[14:00] {dino} but you know what i like soon, dug....ultrashort oil fund
[14:01] {Threei} for short?
[14:01] {curtisweese} short the short fund?
[14:02] {Threei} if you think oil goes up, you short short fund
[14:02] {dino} when oil tops, go long
[14:02] {Threei} yeah... but where does it top, lol
[14:02] {dino} up 1.70 today, oih -3.77
[14:02] {dino} thats the million dollar question
[14:03] {dino} maybe blow off top say 115
[14:03] {Threei} we have fed on March 18
[14:03] {dino} auxl stopped -.24
[14:03] {Threei} they cut rates again, it may fuel another oil/gold run
[14:04] {dino} no if involved, tuesday
[14:04] {Threei} another way to look at it:
[14:04] {magoo} vad, i need other reality service
[14:04] {Threei} they run in advance of another cut,
[14:04] {Threei} and when cut happens they tank,
[14:04] {magoo} how many inches is 10 mm?
[14:04] {dino} will watch
[14:05] {Threei} in realization that rate cuts near their end
[14:06] {Threei} gosh magoo... it's .0394, and I hope to never find out what it is you are measuring
[14:06] {lumdus} anybody quote for ctgi please.
[14:06] {magoo} under an inch ibelieve
[14:06] {magoo} like 1/4 inch?
[14:06] {Threei} 2.11 x .12 lum
[14:06] {curtisweese} market gonna rise now
[14:06] {lumdus} tx boss
[14:06] {curtisweese} come on market get out of it
[14:07] {Threei} {market} don't tell me what to do
[14:07] {curtisweese} hahahahhahaa
[14:08] {magoo} TY, under an 1/8 then
[14:08] {curtisweese} market is gonna rally if recent craziness holds true...everyone thinks we are screwed.....market rally
[14:09] {curtisweese} or b/c i think it goes up.....it goes down......grrrrrrr
[14:09] {magoo} except..that would be too easy
[14:11] {Chaeron} magoo - dcc
[14:12] {dino} feels down
[14:13] {curtisweese} double bottom in qqqq and aapl....(ones i'm watching righ tnoww)
[14:13] {curtisweese} well lower than double since they go down....nev mind!
[14:14] {curtisweese} more of a downward lightning bolt!!
[14:14] {curtisweese} zapping your money!!
[14:15] {dino} gfig getting smack
[14:16] {curtisweese} ahhh...it was double bottom.....
[14:16] {curtisweese} too bad i wasn't in :(
[14:18] {magoo} cheaer dcc
[14:21] {Threei} lum... your CTGI at 2.17
[14:22] {lumdus} thank you. i am thinking to sell a few today. .60 to 2.15 aint bad. but only 1 or 2k
[14:27] {curtisweese} look at the market tank
[14:28] {Threei} US GOVT. ANNOUNCES CAPTURE OF HIGH LEVEL AL-QAEDA FIGURE WHO HELPED BIN LADEN ESCAPE FROM AFGHANISTAN - WIRES- he was captured earier this week
[14:28] {lumdus} everybody is in bad mood that's it. - over the weekend maybe they wake up with smiley faces
[14:28] {lumdus} awesome !! rally time
[14:28] {Threei} they mean they caught camel driver?
[14:29] {dino} lods
[14:30] {Threei} want to see a bounce in RIMM, then breakdown of .50
[14:31] {Threei} ready to short .49
[14:32] {Threei} got .45
[14:33] {Threei} stop above .70
[14:33] {Threei} can take several tries
[14:33] {Threei} come on market, die
[14:33] {Threei} and take your child RIMM with you
[14:39] {Threei} well?
[14:40] {magoo} in
[14:40] {Threei} new low
[14:41] {Threei} grr
[14:41] {dino} sm l gfig .92
[14:41] {Threei} stropped
[14:41] {Threei} got a bit too greedy eh
[14:42] {magoo} me too
[14:42] {judi} for us we had great day, up, we'll retire for the week end while up. Have a good one!
[14:42] {curtisweese} i still market rallies , but time will tell
[14:42] {Threei} have a great weekend judi
[14:42] {curtisweese} err think
[14:42] {curtisweese} sigh
[14:43] {dino} gj judi
[14:44] {dino} out gfig .62, +.70
[14:44] {dino} that was a bruce spot, guy makes me money every day
[14:44] {curtisweese} dino!!! now who is raping the market!! YOU
[14:45] {curtisweese} good job bruce
[14:47] {dino} just lucky curtis
[14:48] {curtisweese} my screen keeps flashing green as stocks tick up....come on market ...you can do eeeeet!
[14:49] {dino} my scanner all red again
[14:50] {curtisweese} yeah....as soon as i hit send to the chat room the market laughs at me and goes down again
[14:50] {curtisweese} and now it goes up
[14:52] {curtisweese} i'm gonna go long..... okay AAPL 125.28 entry.....come on aapl, you hurt me earlier!!!
[14:53] {dino} moby dick
[14:53] {curtisweese} my white whale!
[14:53] {curtisweese} hahahaha
[14:53] {dino} =apple, ishmail is dino
[14:53] {dino} that stock guts me
[14:54] {curtisweese} it is gonna go up at least .30
[14:54] {curtisweese} i'm forcing it too...talking to steve jobs right now.....
[14:55] {dino} well all things considered its up about 6 bucks from monday
[14:55] {curtisweese} yay....here comes the break ! run darn you run!!!
[14:55] {dino} gfig sm l .11
[14:57] {curtisweese} out aapl +.60
[14:57] {dino} gj
[14:57] {magoo} nice
[14:59] {curtisweese} l aapl 126
[14:59] {curtisweese} nooooooooo go back up!!
[15:03] {dino} brb
[15:06] {curtisweese} out -.17
[15:08] {dino} gfig stopped .87-.23
[15:08] {curtisweese} crap...i sold too early.....sigh
[15:09] {lumdus} aapl long
[15:09] {curtisweese} one more time....aapl long 125.99
[15:09] {curtisweese} nice!!
[15:09] {lumdus} curit .. ha haa i got .88
[15:10] {curtisweese} doh!!!
[15:10] {lumdus} have a sell at 128.
[15:10] {curtisweese} wow...i hope you are rigth
[15:11] {curtisweese} here it goes.... (i hope i hope)
[15:12] {patience} dino, where do you think the dow ends today, thanks...
[15:12] {dino} wlp l .85 stop lod
[15:12] {lumdus} aapl move yourself now
[15:12] {curtisweese} market is gonna help it
[15:13] {lumdus} 1 lot out 126.39 2 lot stop b/e
[15:13] {lumdus} stop 125.99 for the 2 lot
[15:13] {magoo} this is crazy mkt
[15:13] {lumdus} out lot #2 126.70 + .85
[15:14] {curtisweese} out +ave .77
[15:14] {curtisweese} nice work
[15:14] {dino} gfig big old rinse while i was out
[15:14] {Threei} 15:13] {magoo} this is crazy mkt {--- this strikes me as a winner on obvious statements department {GGG}
[15:14] {lumdus} tx curtis good heads up
[15:15] {Threei} lum... 2.25
[15:15] {magoo} vad, on our rimm sh..i was waiting .21..got greedy and pulled order..took stop..dumb
[15:15] {lumdus} what ?
[15:15] {Threei} CTGI :)
[15:15] {Threei} mags
[15:15] {lumdus} oh, yeah .. go for it.
[15:15] {curtisweese} i'm gonna buy back in on a drop i think
[15:15] {Threei} wanna know what's very very funny?
[15:16] {lumdus} vad, i am so distracted today. my head is watching too much
[15:16] {dino} y not?
[15:16] {Threei} what go for it... just keeping you updated since you got no quotes on it
[15:16] {Threei} magoo
[15:16] {lumdus} tx vad. you a jem !
[15:16] {lumdus} out rest aapl .85 + 1.05
[15:17] {lumdus} man, what a day today. i don't need to come back for all next week.
[15:17] {Threei} what go for it... just keeping you updated since you got no quotes on it yeah, and your personal assistant (for a small administrative fee of course)
[15:17] {Threei} oh boy
[15:17] {Threei} that was a lot of different lines in one :)
[15:17] {dino} ccow
[15:17] {Threei} magoo
[15:17] {Threei} wanna know what's very very funny?
[15:18] {magoo} yep
[15:18] {Threei} I did exactly the same thing on RIMM
[15:18] {lumdus} i am ready tell the jok already
[15:18] {curtisweese} l aapl 126.75
[15:18] {Threei} had bid where you did
[15:18] {Threei} and pulled it
[15:18] {magoo} even sh .45 and canx .21?
[15:18] {Threei} only to get stopped instead of taking 1:1
[15:18] {Threei} yes
[15:18] {magoo} HE HE
[15:19] {Threei} BSC
[15:19] {Threei} HEARING RUMORS CIRCULATING THAT BUFFETT MAY BE SHOWING SOME INTEREST IN CO- reminder: there have been periodic rumors over the last six months that Buffett was considering buying a stake in BSC
[15:19] {curtisweese} out +.10
[15:20] {dino} out wlp .05, +.20
[15:20] {Threei} I can just see group of people sitrting head to head bent over a deck, cnain-smking nervously, drinking coffee by gallons and coming up with new rumors to support the market
[15:21] {dino} why bother buffet, divide it up among the remaining
[15:21] {lumdus} vad, thanks . no need for quotes for ctgi. i sold 4k and done . maybe next month sell more
[15:21] {Threei} OK :)
[15:21] {curtisweese} l aapl 126.79
[15:21] {lumdus} how bad is the BSC situation . can they close ?
[15:22] {dino} you guys w/bsc laserdave?
[15:23] {magoo} u know, this spike was so obvious..did it everyday but one..that i thought ..no way..everyone wants it
[15:23] {magoo} sigh
[15:23] {Threei} no dino
[15:23] {Threei} nothing to do with them
[15:24] {magoo} dino thinx bear cap is subdiv of bear stearns
[15:24] {dino} wbmd
[15:24] {Threei} who knows lum... their situation is obviously bad, but fed obviously think it cannot be allowed to fail
[15:25] {dino} don't think, just asking
[15:25] {lumdus} vad, i worked for them one time and they sacked me .. so ha ha ha
[15:25] {Threei} lol
[15:25] {magoo} jesus..rimm 103 vad?
[15:26] {magoo} u flippin it behind magoo's back?
[15:26] {Threei} no... I am very inactive today
[15:26] {magoo} cause i am behind yours lol
[15:27] {Threei} enjoy :)
[15:28] {curtisweese} out aapl +.15
[15:29] {magoo} vad, this last hour is like the contra of the contra..so obvious..no way..but no way obvious..so obvious happens
[15:29] {Threei} lol
[15:29] {magoo} and that acxtually makes sence
[15:30] {Threei} not really
[15:30] {Threei} but then again
[15:31] {Threei} I am famous for not making sense
[15:31] {Threei} so I would be a last person to berate you for it
[15:31] {ThurstonHowellTheThird} see you all monday; everyone have a good weekend
[15:31] {Threei} take care thtt, have a great one
[15:32] {magoo} cruise this weekend THTT?
[15:32] {dino} tht3 take care
[15:34] {dino} bsc 30
[15:36] {curtisweese} l aapl 126.22
[15:45] {dino} most likely done, thanks for a good week, some great ideas
[15:45] {Threei} have a good weekend dino
[15:45] {dino} ty
[15:45] {dino} u2
[15:47] {magoo} TY vad, i had best week in awhile
[15:47] {Threei} very rewarding to hear
[15:47] {Threei} especially at times when almost everyone hurts
[15:47] {lumdus} magoo, well i had my best week ever and today was my best day ever. i am on a high. hopefully i calm down by monday or i don't show up.
[15:48] {magoo} made daily today too
[15:48] {lumdus} interesting magoo. . i wonder what it's about our trading .
[15:48] {magoo} always gotta top me Lum he he {kidding..nice job}
[15:49] {Threei} we know what we are doing? :)
[15:50] {lumdus} i guess so. man, i am staring at my account i can't believe it. better shutdown before the wife sees it and spends it all.
[15:50] {Threei} rofl
[15:50] {lumdus} have a great weekend all. See you maybe Monday. (if i calm down)
[15:50] {Threei} take care, have a good one
[15:52] {magoo} good nite all..just gave dino a beer
[15:52] {Threei} thank you all
[15:52] {Threei} have a great relaxing weekend
[15:53] {Threei} see you all on Monday