What a day. Over 900 points range, 11%. Started out well, then took a few stops trying to short initial bounces. Finally got a sense of what was coming, switched to longs and day turned fun and profitable. What a contrast with boredom of the rest of the week.
Session Start: Thu Nov 13 08:07:20 2008
[08:30] {ese} good morning.......
[08:30] {Threei} SEPT TRADE BALANCE: -$56.5 V -$57.0BE
[08:30] {Threei} morning ese
[08:30] {KSystems} Good morning!
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 516K V 480KE;
[08:30] {Threei} KS :)
[08:31] {Threei} CONTINUING CLAIMS: 3.897M V 3.825ME
[08:31] {Threei} - Prior Initial Jobless Claims revised from 481K to 484K
[08:31] {Threei} - Prior Continuing Claims revised from 3.843M to 3.832M
[08:31] {ese} hey vad....got back late yesterday morning from up the island.....visiting relatives
[08:31] {ese} good morning ksys.....
[08:31] {Threei} how are things up island?
[08:31] {ese} raining......no better than here
[08:31] {ese} relatively warm though....
[08:32] {Threei} I'll have to spend Sunday in Nanaimo
[08:32] {ese} whats up?
[08:33] {Threei} wife has a full day gig over there, and hates driving alone over Malahat
[08:33] {ese} I'm finding in general that this fall and semi winter are warm....certainly was much colder last year
[08:33] {Threei} not sure what I am going to do in that place whole day
[08:33] {ese} can't sys that I blame her......just about an acident a day on the malahat
[08:34] {Threei} did you have to use reserve server to connect?
[08:34] {ese} nope.....connected right away
[08:35] {Threei} ok... some routes are down
[08:35] {ese} Nanaimo city council has fixed up the inner harbour quite nicely vad......it's pleasant to walk around
[08:35] {Threei} I guess... just too long
[08:36] {Threei} I'd do with an hour, but whole day? :)
[08:36] {ese} you have no choice then.......
[08:36] {ese} VOLDKA!!!!!
[08:36] {Threei} and driving back over Malahat in complete darkness? :)
[08:37] {ese} sit in gutter in old part of city ........
[08:37] {ese} have a cigarette and voldka.....
[08:37] {Threei} if I am not here on Monday, you know that's exactly what I did, lol
[08:38] {ese} lol
[08:38] {ese} my high school R&B band is singing christmas carols with country superstar Kenny Rogers on Sunday.
[08:39] {Threei} wow
[08:39] {ese} at the Save On Foods Center
[08:39] {Threei} don't you love the name
[08:39] {Threei} Save On Foods Memorial Center
[08:39] {Threei} place where we gather to share memories about how we saved on food
[08:40] {ese} ha ha ha ha......no kidding
[08:40] {ese} food industry is only stocks going up......
[08:41] {Threei} I couldn't believe yesterday's Paulson speech
[08:41] {ese} missed it ....what'd he say
[08:42] {Threei} you remember how 6 weeks ago he insisted that the only way to save the world was to buy toxic assets from banks
[08:42] {Threei} and asked for 700B for that purpose
[08:42] {ese} yes
[08:42] {ese} indeed
[08:42] {Threei} yesterday he said, nah, that's not what we are doing with the money
[08:42] {Threei} we are buying bank stocks
[08:42] {ese} blundering idiot......
[08:43] {ese} make up your mind........markets hate uncertainty
[08:43] {Threei} it's so obvious that they have no idea what they are doing
[08:44] {Threei} LDK
[08:44] {Threei} COMMENTS ON CURRENT BUSINESS ENVIRONMENT
[08:44] {Threei} - LDK Solar has a healthy cash position of more than $460M and available unused credit facilities totaling in excess of $430M.
[08:44] {Threei} - As of the end of October 2008, LDK Solar has secured contracts totaling 1.8 GW for 2009, which is more than 100% of its currently planned output for the year. LDK Solar's wafer plant is operating at full capacity in order to fulfill its customers' orders pursuant to the supply agreements
[08:45] {wishbone} gm all
[08:45] {ese} same with ESLR.........
[08:45] {Threei} wishbone :)
[08:45] {ese} wishbone....
[08:45] {Threei} sector overall doesn't look healthy
[08:45] {Threei} but then again... nothing does at the moment
[08:45] {magoo} morn
[08:45] {ese} no but it's only a matter of time......
[08:47] {ese} NVDA very healthy cash position as well.....just a matter of time
[08:47] {Threei} magoo :)
[08:47] {ese} mags......
[08:48] {Threei} havce a look at this eery chart:
[08:48] {Threei} http://billcara.com/assets/korvus/analog_126%20days_1973-74.jpg
[08:48] {magoo} AMAG nuts vad news
[08:48] {ese} robin hood.....how are ya....
[08:49] {Threei} there is news magoo, I just can't understand single word of it
[08:49] {Threei} [AMAG] AMAG Pharmaceuticals Ferumoxytol resubmission designated complete, class 1 response by the FDA - Update
[08:49] {Threei} - The FDA has established a December 30, 2008 Prescription Drug User Fee Act target action date. AMAG is seeking marketing approval for ferumoxytol for the treatment of iron deficiency anemia in patients with all stages of chronic kidney disease, including those on dialysis and those not on dialysis.
[08:52] {Threei} INTC is weighing on NASDAQ
[08:53] {Threei} DELL under 10... never thought I'd live to see this
[08:55] {lisa_jay} Good morning everyone.
[08:55] {Threei} lisa :)
[08:56] {ese} lisa......
[08:57] {lisa_jay} :-)
[08:57] {dptl} good morning all
[08:58] {ese} dp....
[08:58] {dptl} :)
[08:59] {Threei} dp :)
[08:59] {dptl} :)
[08:59] {Threei} Europe's biggest economy Germany has officially fallen into recession after being hit by the downturn in manufacturing exports.
[09:01] {Onix} Good morning all
[09:01] {Threei} onix :)
[09:04] {_maga} morning everybody
[09:04] {Threei} maga :)
[09:04] {Threei} wishbone, look dcc please
[09:05] {dino} gm all
[09:05] {Threei} dino :)
[09:06] {lisa_jay} HI Dino.
[09:08] {dino} :)
[09:09] {Geo} gm all
[09:09] {Threei} geo :)
[09:14] {lisa_jay} Hi Geo.
[09:15] {Threei} be back in 5
[09:20] {Threei} inverted H&S on daily is practically ruined
[09:20] {Threei} we are looking at possible double bottom now, but gut feeling is, it's not going to hold
[09:21] {dino} naz?
[09:21] {Threei} yeah
[09:21] {dino} 7800, then guessing 7500
[09:25] {KSystems} Vad you finally convinced me to try my coffee black
[09:25] {Threei} and?
[09:25] {KSystems} No Worky!
[09:25] {Geo} lol
[09:25] {Threei} oh well
[09:26] {Threei} apply tight stop
[09:26] {KSystems} yea..triggered
[09:29] {Threei} let's skip first 5-10 minutes
[09:33] {Threei} Short Setup: UAUA half lot .89
[09:33] {Threei} stop above 10
[09:33] {Geo} nope
[09:33] {Threei} nope is right
[09:34] {Threei} was available just yesterday
[09:34] {lisa_jay} avail here, is it still valid?
[09:34] {lisa_jay} sigh too fast.
[09:34] {Threei} yeah
[09:34] {Threei} let it be
[09:35] {lisa_jay} ok, thanks.
[09:35] {lisa_jay} good call though
[09:38] {Threei} Long Setup: DELL .43 if stays above .30
[09:39] {Threei} INTC green
[09:39] {dino} mcd sm l .60, stop .27
[09:40] {dino} stopped
[09:41] {Threei} Long Setup: SOLF 5.11 if stays above 5
[09:43] {Threei} DELL invalidated
[09:43] {lisa_jay} Ok.
[09:43] {dino} pru
[09:46] {lisa_jay} Nasdaq red.
[09:47] {Threei} SOLF invalidated
[09:47] {dino} dji too
[09:49] {dino} sitting
[09:49] {Threei} want to see one more bounce and market reaction on it to confirm that short the bounces is today's play again
[09:49] {Threei} UAUA down full buck from 10
[09:50] {lisa_jay} Yup...
[09:50] {Onix} sniff-sniff
[09:51] {Threei} SPIR
[09:51] {Threei} POSTPONES Q3 FILING
[09:51] {Threei} - Delaying earnings announcement because it is evaluating the timing of revenue recognition with respect to a single multi-element contract with one customer and analyzing its impact, if any, on prior periods
[09:51] {Threei} hmmm
[09:51] {Threei} PETS
[09:52] {Threei} how is it one of strong stocks, LOL
[09:52] {dawg} .)
[09:53] {Threei} gosh, no even bounce to short into?
[09:53] {lisa_jay} DISCA
[09:58] {Threei} Long Setup: UAUA 9 break
[09:58] {Threei} scalp only
[09:58] {Threei} stop under .90
[09:59] {Threei} broke while I typed
[09:59] {Threei} not sure it's worth any chasing
[09:59] {Threei} Short Setup: INTC .29 if stays below .40
[10:00] {lisa_jay} UAUA got .10, thanks Vad.
[10:01] {Threei} welcome
[10:01] {peterg} morning krewe
[10:01] {Threei} peter :)
[10:01] {Threei} good to see our typing is rubbing off
[10:01] {peterg} thats new orleans for crew
[10:01] {Threei} makes us feel omnipotent
[10:01] {magoo} what does mrssage mean vad in laserr"self help"
[10:02] {dptl} s intc .28
[10:02] {Threei} ge5t out of UAUA if you still have any
[10:02] {magoo} ok out .28 TY boss
[10:02] {Threei} over 20 cents, quite ennough for this idiotic stock
[10:02] {lisa_jay} Gosh, UAUA really ramped up.
[10:02] {Threei} welcome mags
[10:03] {magoo} vad in laserr"self help"
[10:03] {Threei} self-help by NASDAQ against some other exchange/route,
[10:03] {dino} sm l mcd .50 trig
[10:03] {Threei} means there is a streetwide issue with that route
[10:03] {Threei} and NASDAQ cuts it off
[10:03] {Onix} ty Vad, i took quick .15 in uaua
[10:04] {dino} gj guys
[10:04] {Threei} good job guys
[10:04] {Onix} in INTC .28
[10:04] {Threei} INTC doesn't really react on NASDAQ upward move for now
[10:04] {Threei} if NQ revreses back down, should be a good one
[10:04] {lisa_jay} I am still in INTC.
[10:05] {Threei} if NQ continues recovery, most likely will be stopped sooner or later
[10:06] {Threei} banking on the idea that no recovery takes place beyond two quick inhales today, lol
[10:06] {Threei} banking = betting
[10:07] {Threei} cover halfat 1;1
[10:07] {Threei} not a scalp trade for me
[10:07] {lisa_jay} stop to Vad?
[10:08] {dptl} where did you cover half Vad?.19
[10:08] {Threei} didn't get hit, tried .17
[10:08] {dptl} oh...yeah same here
[10:09] {dino} wow rimm 39 area
[10:09] {Threei} lisa, I'll keep it at original level for now, if uncomfortable - trail it to .36
[10:09] {dino} the consumer is dead
[10:09] {Threei} oh boy
[10:09] {Threei} I just noticed dino
[10:09] {dino} only thing selling are dollar menu burgers
[10:09] {Threei} who would have thought
[10:10] {Threei} RIMM in 30s? sheesh
[10:11] {Threei} don't dop that to us INTC
[10:11] {Threei} CIT
[10:11] {Threei} APPLIES TO BECOME BANK HOLDING COMPANY
[10:12] {Threei} - Concurrently, CIT Bank, a Utah-based wholly-owned subsidiary of CIT, filed an application to convert its charter from an industrial bank to a Utah State Bank. CIT has also submitted an application to participate in the U.S. Treasury's Capital Purchase Program (TARP), conditional upon being granted status as a bank holding company by the Federal Reserve.
[10:13] {dino} i'm confused, how will the weak get takenover if everybody gets tarp?
[10:13] {Threei} (US) PRES BUSH: IMF AND WORLD BANK NEED TO BE REFORMED TO REFLECT CURRENT REALITIES
[10:13] {Threei} - Calls for further accounting rules that increase transparenc
[10:14] {Threei} out INTC
[10:14] {dawg} stopped INTC
[10:14] {Onix} stopped INTC
[10:14] {Threei} (US) TREASURY'S MCCORMICK: SEC PAULSON AND PRESIDENT-ELECT OBAMA ARE WORKING CLOSELY ON TRANSITION
[10:14] {dptl} stopped intc.....
[10:15] {Threei} cimilar announcements gave strong moves to a few stocks recently
[10:15] {magoo} l rimm .69
[10:15] {Threei} yesterday's FTBK move is most recent example
[10:16] {magoo} sorryu fast
[10:16] {dawg} in RIMM small shares
[10:16] {Threei} not sure why CIT is so meek
[10:16] {magoo} out here .91
[10:17] {dino} mcd stop to .25
[10:18] {Threei} CIT could be a climber
[10:18] {dawg} out RIMM .38
[10:18] {magoo} nice dawg..entry?
[10:18] {dino} out mcd .25, +.75
[10:19] {Threei} good job guys
[10:19] {lisa_jay} nice going guys.
[10:19] {Onix} well done guys
[10:19] {dawg} Thanks magoo got in late at .01
[10:19] {magoo} good job
[10:19] {magoo} ideally..we need a good pullbk..thgen ramp up
[10:19] {dawg} Thank you sir great call
[10:20] {magoo} hard to chase here
[10:20] {Threei} anyone went for CIT?
[10:20] {dawg} following you along on this magoo
[10:20] {Threei} was pure momo play, no tech nicals to it
[10:20] {lisa_jay} Nope.
[10:20] {Onix} nope
[10:21] {dino} clf sm l .75, stop .33
[10:22] {Threei} some serious enthusiasm
[10:22] {Threei} market seems to be trying to form that double bottom
[10:22] {magoo} we really need a pullbk..missed all these
[10:22] {Threei} all of a sudden it starts looking like buy pullbacks day
[10:23] {Threei} UAUA... jeez
[10:24] {Threei} RGEN??
[10:24] {magoo} lil market lil market..let me in...no chance magoo...u gotta chase RIMM
[10:24] {Threei} here is pullback mags
[10:25] {magoo} well..i want to see how dep too
[10:25] {magoo} deep
[10:25] {Threei} what the heck was that on RGEN
[10:26] {Threei} no news that I see
[10:27] {Threei} .50 break RIMM if holding above .30
[10:27] {dptl} dis? long at .70?
[10:28] {muddleheaded} Took a chance on SOLF after it bounced, hit my trailing stop, then went even further. Thanks Vad.
[10:28] {dino} clf stopped
[10:28] {KSystems} dino: What does it mean when you write "sm"? Is that stop market or small size?
[10:28] {Threei} worth a try dp
[10:28] {magoo} small size
[10:28] {Threei} if holding above .60
[10:29] {Threei} mudd, good job
[10:29] {dino} 300 shares
[10:29] {dptl} ok ty
[10:29] {magoo} l=long
[10:29] {magoo} sh=short
[10:29] {magoo} speed reasons
[10:30] {magoo} half lot=500 sh
06[10:30] * magoo slaps laserdave1 around a bit with a large trout
[10:30] {KSystems} thanks
[10:30] {magoo} and slap=slap
[10:30] {Threei} HEDGE FUND MANAGER SOROS: DEEP RECESSION IS INEVIATBLE, POSSIBILITY OF DEPRESSION CAN NOT BE RULED OUT
[10:30] {Threei} Soros?
[10:30] {dawg} in RIMM .51
[10:30] {lisa_jay} Rimm went right trhough .50
[10:31] {Threei} ok guys, this is hard call for me to make
[10:31] {Threei} but I have to
[10:31] {Threei} Long Setup: INTC .75 if holding above .60
[10:31] {magoo} rimm area breath .71
[10:31] {magoo} FULL vad
[10:31] {dawg} holding magoo for .71?
[10:32] {magoo} see RIMM will pop to an area than breathe
[10:32] {dawg} OK
[10:32] {magoo} then pop thru area then breathe
[10:32] {dawg} out .71 RIMM
[10:32] {magoo} safer to layout and babnk then reenter
[10:32] {magoo} scalpers regret sure..but safer
[10:33] {Threei} even if this setup on INTC is invalidated, mood is changing a bit here
[10:33] {dawg} I see thanks magoo
[10:33] {magoo} it may hit .30 area here
[10:33] {magoo} cant chance it
[10:33] {Threei} INTC warned, and went green, and market stages something rally like?
[10:33] {ese} for the bettervad.......
[10:33] {dawg} follow that
[10:33] {ese} is that what your sensing
[10:33] {Threei} yes ese
[10:33] {magoo} dawg see RIMM
[10:33] {Threei} positive reaction on bad news
[10:34] {magoo} 29
[10:34] {magoo} thats hard breather
[10:34] {ese} indeed.......thats what i'm seeing as well
[10:34] {dawg} just like you said magoo
[10:34] {Onix} stopped DIS
[10:34] {magoo} now it could literally go green today...but its a rough ride
[10:34] {dptl} stopped dis.. .....taking a break......
[10:35] {magoo} so we scalp it 10 times
[10:35] {dawg} rough ride magoo?
[10:35] {magoo} well..as in here
[10:35] {dawg} I see
[10:36] {magoo} u in .50..now losing but had .71...then it resumes and takes 41...then breathes hard to 40.50
[10:36] {magoo} then goes 41.50
[10:36] {magoo} see
[10:36] {magoo} rough ride
[10:36] {magoo} cant blow stops cause ive had rimm KILL me 7 points
[10:36] {dawg} got it follow that when you spell it out like that old dog new tricks
[10:37] {magoo} funny..u reference dog alot dawg he he
[10:37] {dawg} 7 points jesus that would kill me for good
[10:37] {magoo} see now, rimm would be killing u here
[10:37] {lisa_jay} Thanks Magoo. Learning too.
[10:38] {magoo} we call these wild animals..so if vad or i say "its a wild animal..or hartd btreather" this is example
[10:39] {dawg} alright learning a lot here never would have guessed breather
[10:39] {Threei} lol
[10:39] {dino} sm pru l .75, stop .43
[10:39] {Geo} then dino has his pulps
[10:41] {muddleheaded} Look at the candles on ZINC. Who would buy that?
[10:42] {Threei} thin stock...
[10:42] {Threei} people with unsophisticated brokers get all kinds of screw-ups
[10:42] {muddleheaded} One million shares.
[10:42] {Threei} look at level2
[10:42] {dino} lol geo
[10:43] {dino} comp -
[10:44] {magoo} dawg lisa..one more thing
[10:44] {dawg} yes
[10:45] {dino} pru stopped -.33
[10:45] {magoo} if we say lay it out or waiting at..that means put sell out ahead like .71...in laser ..lots of fills i never see the lev 2 print..just BAM OUT
[10:45] {lisa_jay} ok, thanks
[10:45] {dino} hey mr. kotter, zip it
[10:45] {Geo} yeah learn that one from magoo
[10:46] {Geo} learnt
[10:46] {dawg} yes have to switch from interactive brokes to laser magoo
[10:46] {Geo} throw offers in as soon as hit
[10:46] {magoo} if i had rimm here .80..id be out there already at 41.12
[10:46] {dino} dji -
[10:46] {dawg} damn that is fast
[10:46] {magoo} breaks thru hits fast..then it falls back to 40.50
[10:46] {magoo} good trade if your fast..if hesitate u lose and hate me lol
[10:47] {dawg} RIMM is good scalping stock correct?
[10:47] {magoo} its a dangerous stock
[10:48] {magoo} btw..i saw .11 printsa
[10:48] {Onix} not a good morning for me, but now I off to work. Best of luck everybody. Bye
[10:48] {dawg} btw..i saw .11 prints?
[10:49] {magoo} just saying my example worked
[10:49] {dino} cya onix
[10:49] {lisa_jay} bye onix
[10:49] {dawg} ah got it
[10:49] {magoo} no more trading talk
[10:50] {dawg} Thanks magoo for your time
[10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:50] {dawg} lol
[10:50] {Chaeron} Good morning all
06[10:50] * magoo slaps Chaeron around a bit with a large trout
[10:51] {Chaeron} thx:)
[10:51] {magoo} [10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:51] {magoo} [10:50] {dawg} lol
[10:51] {magoo} 10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:52] {Threei} chaeron :)
[10:52] {magoo} sigh..no response from either lol
[10:52] {Threei} dino... do we oblige?
[10:53] {Threei} or do we ignore and make him suffer?
[10:53] {dino} ignore him
[10:54] {dino} and magoo....
[10:54] {Geo} ah come one
[10:54] {Geo} one
[10:54] {lisa_jay} UAUA breaking 10
[10:54] {Geo} ON
[10:54] {Geo} he was helping people out
[10:54] {Geo} i vote for you magoo !!!
[10:54] {lisa_jay} C&H Vad, not trading - education only.
[10:56] {Threei} yes lisa
[10:58] {peterg} In the end or the world, all stocks will be selling for under one dollar
[10:59] {Threei} rofl
[10:59] {Threei} peter
[10:59] {Threei} you quoted me almost literally,
[10:59] {Threei} back in 2002
[10:59] {peterg} a vadish thought hm
[10:59] {Threei} I said we will buy big when everything is under 10
[10:59] {Threei} what do you know
[10:59] {peterg} wow-
[10:59] {Threei} that worked
[11:00] {Threei} *DOE CRUDE: +22K V 500KE; GASOLINE: +1.9 MV +500KE
[11:00] {peterg} my poor father has a big position in GE; fortunately good pension, too
[11:01] {peterg} getting poorer
[11:02] {peterg} an example of the long term trader; always long term, never sell
[11:02] {peterg} though I have influenced him; he held ford for two weeks and sold for $300 profit.
[11:02] {dino} deck sm risky gappy l .92
[11:03] {muddleheaded} Made a bit more on a SOLF pullback. Do you remember what IntellIscan alert showed SOLF Vad?
[11:03] {magoo} we really need mkts to bounce here ..its time
[11:04] {Threei} none mudd
[11:04] {Threei} this play came in a roundabout way
[11:04] {Threei} scanner showed spike on SOLR
[11:05] {hawkfan4} LVS .49, stop .40
[11:05] {Threei} I looked at other solars
[11:05] {Threei} and liked SOLF for the bounce
[11:05] {muddleheaded} Oh, a sector play. Thanks.
[11:05] {Threei} right
[11:07] {Threei} waiting out this period
[11:07] {Threei} gotta get something more certain
[11:08] {dino} deck stopped -.42
[11:09] {muddleheaded} Mr. Market is drunk today.
[11:09] {dino} hit/miss day
[11:09] {dino} dji approaching lod
[11:10] {dino} mcd sm l .50
[11:12] {dino} deck gbig rinse\
[11:13] {dino} typos
[11:13] {dino} pru sm l .50
[11:14] {hawkfan4} Vad, CIT pullback interesting ?
[11:15] {Threei} can't tell hawk
[11:15] {Threei} it's a momo play
[11:15] {hawkfan4} yeah, can't get a feel for it yet
[11:15] {Threei} they rarely follow technical patterns, more like a matter of whether momo returns or dies
[11:15] {dino} pru stopped done w/it it's broken
[11:22] {hawkfan4} stoped LVS -.10. had 2:1 but froze like a deer in mags headlights
[11:22] {lisa_jay} Moves were very choppy in LVS.
[11:23] {lisa_jay} Was watching it to learn after you called it out.
[11:23] {dawg} so was i just to fast and missed it hawk
[11:24] {Chaeron} wow... gas $1.72 in GA
[11:24] {wishbone} spoke w/ shaw....problem excessing sites nationally
[11:25] {Threei} yes... that's what we alerted about premarket
[11:25] {wishbone} i see you guys are using laser yet i canot log in....just wondering what could be issue?
[11:25] {Geo} is secure unchecked
[11:25] {Geo} ?
[11:25] {Threei} did you modify the executor IP}
[11:25] {Threei} ?
[11:25] {lisa_jay} Hawk, LVS was a JBE right? If so what an explosion.
[11:25] {wishbone} yes
[11:26] {Threei} to 15905
[11:26] {wishbone} yes
[11:26] {Threei} call dave then and get him to fix
[11:26] {wishbone} ok ty
[11:26] {Threei} and don't forget to slap him with trout
[11:26] {hawkfan4} whippy fast moves, not my strength, yep lisa, if i had vad's finger speed it would've worked
[11:35] {dino} eqix
[11:36] {Threei} CHYRSLER CEO: WE NEED A PLAN IF CHYRSLER IS TO "GO IT ALONE," FORECASTS US AUTO SALES AT AN ANNUALIZED RATE OF 11M IN NOV-DEC PERIOD
[11:38] {Threei} I don't get it
[11:38] {Threei} CEO says they need a plan?
[11:38] {Threei} who does he expect to design a plan for him?
[11:39] {muddleheaded} A bailout plan given to him.
[11:39] {Threei} watching FMCN pullback
[11:39] {Threei} will be interesting near 7
[11:42] {Threei} didn't go that low
[11:42] {Threei} let's try it this way then
[11:42] {Threei} Long Setup: FMCN .23 if holding above .10, half lot
[11:45] {dino} wcg bloody
[11:47] {dawg} in FMCN
[11:48] {dawg} .24
[11:48] {lisa_jay} MISSED
[11:48] {lisa_jay} sorry caps
[11:52] {Threei} feel free to take prfoit as you see fit
[11:52] {Threei} market is jerky
[11:53] {lisa_jay} yup
[11:53] {Threei} and FMCN is wounded stock
[11:53] {dawg} scalping FMCN Vad?
[11:53] {Threei} I think so
[11:53] {Threei} maybe do this:
[11:53] {Threei} stop to right under .30,
[11:53] {Threei} and see if it breaks that .34 offer
[11:53] {Threei} it does, great
[11:54] {Threei} it loses .30, just take little scalp and let it be
[11:54] {dawg} OK .34 is where I am offering
[11:55] {dawg} out taking .28
[11:55] {dawg} Thanks Vad good call
[11:55] {Threei} welcome,
[11:55] {Threei} watch that big offer chasing it down
[11:55] {Threei} it may indicate new entry when taken
[11:56] {dawg} OK
[11:56] {magoo} dino and i were discussing
[11:57] {Threei} beer or beer with vodka?
[11:57] {magoo} mkt wants uop..but its to wimpy
[11:59] {dino} we could freeze it again w/ a bet
06[11:59] * magoo slaps dino around a bit with a large trout
[11:59] {magoo} STOP IT RIGHT THERE
[12:02] {dino} pru sm l .50 trigger, wide
[12:06] {dino} no trig
[12:10] {Threei} sheesh... even simple talk about your bet has stopped market dead in its tracks
[12:11] {dino} lol
[12:11] {dino} if we could only harness the power for good
[12:14] {Threei} yes you can!'
[12:15] {Threei} let Obama know you can freeze the market... you will be hired on a spot
[12:16] {Threei} charge 0.0001% of the amount market DIDN'T lose on each given day, you are insanely rich
[12:21] {dino} 8.174 was oct 28th low
[12:21] {Threei} very hard to say whether we are back to selloff pattern or this is just a trap
[12:21] {dino} 8,143 10/27
[12:22] {magoo} surprise surprise
[12:22] {magoo} mkt blows again
[12:28] {Threei} have you noticed how happy and firsky market becomes on rally attempts
[12:29] {Threei} and how slow and depressed it is when downward resumes... kid of hangs its head with sigh, "what, again?... whatever..."
[12:33] {Threei} good comment somewhere yesterday:
[12:34] {Threei} Fed is not trying to catch falling knives. Fed is trying to cath falling piano
[12:34] {muddleheaded} NETC possible bounce with tight stop.
[12:34] {Threei} FMCN at 7
[12:35] {Threei} market turns, buy first strrength with ridiculously small stop
[12:36] {Threei} US SEN DODD: US TREASURY REJECTED A PLAN OFFERED BY THE FDIC'S BAIR, CALLS ACTION 'REGRETTABLE' AS HOMEOWNERS NEED ASSISTANCE
[12:40] {dawg} in FMCN .05
[12:40] {dawg} stop .99
[12:41] {dawg} small lot
[12:42] {lisa_jay} I got in at .01 - stopped out a .03 :-)
[12:42] {Threei} huh?
[12:42] {Threei} wow
[12:42] {dawg} what the..
[12:42] {Threei} you take concept of tight stop to the extreme :)
[12:43] {Threei} along with concept of trailing it
[12:43] {lisa_jay} Yeah...well you did say tight stop...I had .99 as stop 1:1 :-)
[12:43] {Threei} .99 is good
[12:43] {Threei} but 2 cents profit... unless you had 20K shares...
[12:43] {lisa_jay} I wish.
[12:44] {dino} lisa, pick your $ pain and simply adjust size
[12:45] {lisa_jay} Ok, thanks Dino.
[12:46] {Threei} TM
[12:46] {Threei} REPORTEDLY PLANNING TO SUSPEND PRODUCTION AT A US PLANT DUE TO STRUGGLING SALES
[12:46] {lisa_jay} Still learning..so very small shares sizes right now.
[12:46] {dino} wow c at 8.60
[12:47] {dawg} stopped FMCN
[12:47] {dino} lisa, if very small then give yourself chance to make $, widen stop so not rinsed all over
[12:48] {dino} tight stops are for big shares, imo
[12:48] {lisa_jay} will try that Dino...I get stopped out very often. Only using bigger sizes for Vad's calls.
[12:49] {lisa_jay} Shares that is.
[12:49] {Geo} sp approaching oct 10 low
[12:49] {Threei} are stats better for those?
[12:49] {lisa_jay} :-)
[12:49] {dino} uh oh, broke
[12:49] {lisa_jay} Yes they are.
[12:50] {Threei} why trade anything else at this stage then?
[12:50] {lisa_jay} Sigh. I kow.
[12:50] {Threei} stick with what is working, widen your scope later wqhen you advance on a learning curve
[12:51] {dino} 8100 broke
[12:51] {Threei} NASDAQ lost lows too
[12:51] {dino} 7880 coming??
[12:51] {Threei} it's just 300 points away
[12:51] {Threei} what's 300 points thesae days?
[12:51] {dino} could happen by 2:00
[12:52] {Threei} ok... let's hunt for a bounce to ahort into
[12:52] {Threei} watching ADBE
[12:54] {Threei} what bounce market says
[12:54] {Threei} we had a shot at nice bullish sign when market went green on INTC bad guidance... didn't utilize it,
[12:55] {Threei} more downside's coming, unless we stage stunning reversal TODAY
[12:55] {Threei} abyss looks back at market
[12:55] {Chaeron} dino likes 7000
[12:56] {dino} don't like it, just obvious target
[12:57] {Chaeron} didn't mean "like like" I meant... oh nevermind :)
[12:58] {dino} :)
[12:58] {dino} cme under 200
[12:59] {dino} 714-198
[12:59] {dino} -301 dji
[13:02] {Threei} ADBE into this bounce
[13:03] {Threei} can't nail exact price
[13:03] {dptl} s .22
[13:04] {dawg} in .26
[13:04] {Threei} stop above .30
[13:04] {Threei} can take a few tries
[13:05] {dptl} stopped
[13:05] {dawg} stopped
[13:06] {Threei} got .34
[13:06] {dawg} got .31
[13:08] {Threei} come on market
[13:08] {Threei} behave
[13:08] {Chaeron} Pres Bush to speak on Wall Street in an hour
[13:08] {dawg} stopped
[13:08] {Threei} grrr
[13:08] {dawg} ADBE
[13:09] {dptl} yeah...stopped again...
[13:09] {lisa_jay} Did not take...
[13:10] {dawg} got .46 for last try small lot
[13:11] {Chaeron} .47 and not confident... got that 2x4 Vad?
[13:12] {Threei} swinging as hard as I can
[13:13] {Chaeron} just enter your short first
[13:14] {Threei} disgusting
[13:14] {Threei} can't go long, can't short
[13:14] {dawg} stopped ADBE
[13:15] {lisa_jay} -0.8
[13:15] {Chaeron} stopped -.13
[13:15] {dptl} damn it 3 out of 3 stoppes
[13:15] {dawg} - 10 cents
[13:15] {dino} fcx, clf, kbr, and dow holding fairly well
[13:15] {dino} ice too
[13:18] {magoo} so whjat u think of this vad?
[13:19] {Threei} I try not to
06[13:19] * Geo thinks he needs a vacation
[13:19] {Threei} this is mess, not trading
[13:19] {magoo} pretty strong bounce
[13:20] {Geo} [09:55] {Threei} more downside's coming, unless we stage stunning reversal TODAY
[13:20] {Geo} hmmmmmm
[13:24] {dino} gut call, we close hod's
[13:24] {lisa_jay} Yes, feel the same...could see one of those ramp ups.
[13:26] {Threei} well... if that materializes, UAUA is likely to go to about 9.50
[13:27] {Threei} and ADBE to 22.30
[13:27] {dino} adbe had good channel checks
[13:27] {Threei} timing of entry is beyond difficult
[13:28] {dino} yes, and i could be wrong
[13:28] {dino} coin flip
[13:28] {Threei} spike
[13:28] {Threei} 9 break I guess UAUA
[13:29] {dptl} l .04 uaua
[13:30] {Geo} in .02
[13:30] {Threei} half out closer to .20
[13:30] {Threei} sold half
[13:31] {magoo} nice
[13:31] {Geo} sold half .19
[13:31] {Threei} this one was relatively easy
[13:31] {Threei} ADBE, I never saw any infdication for entry
[13:32] {Threei} 1/4 more out .28
[13:33] {Threei} offering last portion .45
[13:33] {Geo} beauty vad....
[13:33] {Geo} good lesson on not giving up
[13:33] {Threei} careful...
[13:33] {Threei} lwest people advise us get a room
[13:34] {Geo} out
[13:34] {Threei} why would I give up
[13:34] {Threei} what happened so extraordinary
[13:34] {Geo} :)
[13:34] {Geo} lesson for me
[13:34] {Geo} 5 stops today
[13:35] {Threei} non-working short ADBE - alerted from the get go this kind requires multiple tries
[13:35] {Threei} so I was ready for that,
[13:35] {Threei} and if you remember, regular warning is
[13:35] {Threei} don't touch it unless willing to take a few stops
[13:35] {Geo} yup
[13:36] {Geo} new break entry valid?
[13:36] {Threei} I just wish I could get an entry on a long side on it
[13:36] {Threei} break on what?
[13:36] {dino} only 250 to go
[13:36] {Geo} 35 uaua
[13:36] {Geo} pullback
[13:37] {Threei} UAUA is not really breakout stock...
[13:37] {Geo} k
[13:37] {Threei} dp, you alive out there?
[13:37] {Threei} don't forget top breathe
[13:38] {dptl} lol...bearly.....still have 100 uaua
[13:38] {Threei} "bearly" - can you tell he is Russian?
[13:38] {dino} gj
[13:38] {Threei} we spell everything through bear... bear, bread, even vodka
[13:39] {Threei} beer
[13:39] {Threei} hit .45
[13:39] {dptl} also long sd at .08
[13:39] {magoo} UNREAL
[13:39] {Threei} whew
[13:39] {magoo} going green
[13:39] {Threei} +.18, +.27 and +.44
[13:40] {muddleheaded} Vad, a quick question. I got in NETC after the bounce, but I have no idea were to put a stop. .
[13:40] {Threei} what price are you in?
[13:40] {muddleheaded} $4.95
[13:41] {Threei} I'd sell half here and trail to under 5
[13:41] {muddleheaded} Thanks.
[13:43] {Threei} US SEN DODD: NO GOP VOTES SEEN FOR THE BAILOUT OF AUTOMAKERS
[13:44] {Threei} I still don't get it
[13:44] {Threei} paint me stupid
[13:44] {Threei} but I can't understand how the bailout can be structured so it doesn't turn into line of bailouts
[13:44] {Chaeron} looking for that color.....
[13:44] {Threei} they lack operating cash
[13:44] {Threei} or about to run out of it
[13:45] {Threei} you give them 25B, they burn through it in a few months
[13:45] {Threei} what's next?
[13:45] {Chaeron} give them moe
[13:45] {Chaeron} more
[13:45] {dino} dji+
[13:45] {Threei} what is going to change so they become sustainable during that time?
[13:45] {dino} only 90 to go
[13:45] {magoo} WOWWWWWWWWW
[13:45] {Chaeron} exactly... let them fail
[13:46] {dino} that gut on mine...........
[13:46] {dino} of
[13:46] {Threei} well, that doesn't look like an option either, with 3 mil jobs on line
[13:46] {Geo} keep feeding that gut dino
[13:46] {Threei} that's one good gut dino
[13:46] {dino} lol
[13:46] {Threei} make sure you take good care of it
[13:46] {Geo} can we habe subscriptions based on dino's gut?
[13:47] {Threei} increasing in size as dino gains weight?
[13:47] {Geo} maybe a red green gut blinker in the chatroom
[13:47] {Geo} yes
[13:48] {Threei} ADBER hot target too
[13:48] {dino} lol
[13:48] {Threei} hit
[13:49] {muddleheaded} Rest of NETC at $5.11. Thanks Vad.
[13:50] {Threei} your play...
[13:50] {Threei} I just blabbed around
[13:50] {muddleheaded} Your advice :)
[13:53] {Threei} WMT CEO: HAS NOT SEEN EXTERNAL ENVIRONMENT LIKE THIS IN 8.5 YEAR EXPERIENCE AT COMPANY
[13:54] {Threei} does it mean he never ventured outside of WalMart in 8 and half years?
[13:54] {Threei} green
[13:55] {Threei} I am at loss of speech
[13:55] {dino} rock 'n roll fcx
[13:55] {Threei} let's close green today, gain some serious volume in last couple hours, and we are in for a nice rally
[13:55] {magoo} green...nope wait red...um,nope green
[13:56] {Threei} come on magoo... you have direct view of dino's gut
[13:56] {Threei} just tell us
[13:56] {magoo} cant bear it
[13:56] {Threei} US SEN GRASSLEY TO PROPOSE HEDGE FUND LEGISLATION IN 2009
[13:56] {Threei} hmm?
[13:57] {Threei} is it hedge funds that are a problem?
[13:57] {lisa_jay} bush on
[13:57] {dino} not really.
[13:58] {dino} the banks/brokers/etc, house of cards
[13:58] {Threei} that's what I thought
[13:58] {Threei} why would they ligislate hedge funds at this point
[13:59] {dino} think about it, mutual funds selling too, and they are 100x's bigger and more
[14:00] {Threei} OCT MONTHLY BUDGET STATEMENT: -$237B V -$200BE
[14:00] {magoo} i feel bad for the hedge funds ..innocent victims
[14:00] {Threei} with short ban they found themselves in impossible position
[14:01] {Threei} US TREASURY HAS REPORTEDLY PURCHASED APPROX $21B OF AGENCY MORTGAGE BACKED SECURITIES IN OCT
[14:01] {dino} if george would get off tv we would rock
[14:01] {Threei} weren't we told yesterday they wouldn't?
[14:02] {Geo} comeone dino
[14:02] {Geo} be nice to the outgoing chief
06[14:02] * Geo hoping for a salty response
[14:02] {Threei} FED'S PLOSSER: TECHNICALITIES SURROUND A SUB 1.0% FED FUNDS RATE, THERE WOULD BE OTHER DIFFICULTIES IN TAKING THE RATE TO 0%
[14:03] {Threei} so, technical.ities aside zero rate is decided on?
[14:04] {magoo} turn up the TUNES dino
[14:04] {magoo} luvin' it
[14:04] {dino} i did
[14:04] {dptl} lol...brothers eh....
[14:05] {magoo} beasty boyz"sabotage"..luv it
[14:05] {Threei} I just got an e-mail calling me to Say "NO" to erectile dysfunction
[14:05] {Threei} ok
[14:05] {Threei} NO
[14:06] {magoo} hbtw..i paid up my bet..meatluvrs pizza
[14:06] {dino} your wife sent it to you
[14:06] {Geo} cheron.... stop sending spam
[14:06] {magoo} ROFLOL
[14:06] {dptl} that means pfe long Vad?
[14:06] {magoo} could u imagine having to sleep with vad?? UGGGG
[14:06] {Threei} I don't know dp... I just do what I tolds... I said NO as they asked
[14:07] {dptl} :)
[14:07] {magoo} this mkts coiling BIG TIME 500 up
[14:08] {peterg} so...got a suggestion?
[14:08] {peterg} for play?
06[14:08] * magoo slaps peterg around a bit with a large trout
[14:08] {Threei} (US) PRESIDENT BUSH: THE GLOBAL ECONOMY FACES THE POSSIBILITY OF TOTAL MELTDOWN
[14:08] {peterg} I get it
06[14:08] * peterg slaps magoo around a bit with a large trout
[14:08] {Threei} magoo sure is playful, peter
[14:08] {peterg} right
[14:08] {magoo} [14:06] {magoo} could u imagine having to sleep with vad?? UGGGG
[14:09] {Threei} hey
[14:09] {Geo} wot?????/
[14:09] {dino} fcx stop to .38
[14:09] {Geo} we need serious editing
[14:09] {Threei} some happen to think I look very distinguished
[14:09] {Geo} hmmmm
[14:09] {Geo} do you pay their allowance?
[14:09] {peterg} look like admiral
[14:09] {magoo} aapl lo RISKY
[14:09] {peterg} admiral vad
[14:09] {Threei} lol
[14:10] {Threei} always wanted to try pipe
[14:10] {dino} Avad for short
[14:10] {magoo} out .near 91
[14:10] {magoo} there peterg
[14:11] {peterg} wiw
[14:11] {peterg} wow
[14:11] {magoo} [14:09] {magoo} aapl lo RISKY
[14:11] {magoo} was at .35
[14:13] {muddleheaded} Does anyone get Trader Monthly magazine? I got my first free copy today in the mail.
[14:14] {dino} no
[14:14] {magoo} reason i'm posting alot today is laserdave is twisting my arm..post or u are dead
[14:15] {Geo} wow
[14:15] {Geo} i thought he was a nice guy
[14:17] {Threei} Bush is giving a philosphy/history speech on free markets
[14:17] {Threei} nothing about today's measures
[14:17] {Threei} so I gues market can start trading on its own
[14:18] {Threei} hard to believe how much he aged
[14:22] {Threei} 9.60 UAUA
[14:22] {Threei} long if stays above .50
[14:23] {magoo} l rimm 7
[14:23] {dptl} l .63uaua
[14:24] {dino} 50 pts to go
[14:24] {magoo} out .912
[14:26] {Threei} over 1;1
[14:26] {Threei} out .79
[14:26] {dino} 30
[14:26] {dptl} out.79 ty
[14:26] {Threei} :)
[14:26] {Geo} all out .85
[14:27] {dino} gj
[14:27] {jmb} thanks
[14:27] {lisa_jay} Got .22 thanks Vad.
[14:27] {Threei} lisa :)
[14:27] {dino} fcx stop to .50
[14:27] {Threei} welcome guys
[14:27] {Threei} life sure becomes easier when clear trend appears
[14:27] {Geo} lord vader..... is leading the charge
[14:27] {Threei} day suddenly looks much brighter
[14:28] {dino} vlad the impaler
[14:28] {Geo} nope
[14:28] {Geo} remembr the email dino
[14:28] {dptl} out sd +.65...whuuuu positive now:)
[14:28] {dino} bammmmmmmm! hod dji
[14:29] {dino} hows that for a 400pt call
[14:29] {Threei} nice dp
[14:29] {Threei} beautiful one dino
[14:29] {dino} gj dp
[14:29] {dino} fcx to .97
[14:29] {dptl} ty...tought day...but survived :)
[14:30] {lisa_jay} Dawg?
[14:31] {dino} mcd stop to .19
[14:31] {Threei} what incredible turns of events almost on daily basis
[14:32] {muddleheaded} Do you think we will have another reversal?
[14:32] {dino} out mcd +.70
[14:32] {lisa_jay} Finally, Bush speaks and market ramps up.
[14:33] {Threei} mudd... honst to god, I have no idea what to think
[14:33] {Threei} things change on a dime, and the sheer scale of changes is enough to put to shame anyone who tries to put on any kind of prognosis
[14:33] {Threei} except dino's gut
[14:33] {Threei} that works like charm
[14:34] {muddleheaded} Looks like 15 min candle topping tail on NQ.
[14:34] {muddleheaded} Time for QID?
[14:34] {dino} out fcx +1.43
[14:35] {peterg} omigod
[14:35] {peterg} wtg
[14:35] {lisa_jay} nice Dino
[14:35] {dino} ty, lucky
[14:35] {lisa_jay} :-)
[14:36] {magoo} mudd, u gottawatch AAPL and GS as mkt tells
[14:37] {dino} hl l dow .80
[14:38] {magoo} l rimm here .34
[14:38] {magoo} so dam fast to post
[14:38] {muddleheaded} Thanks magoo.
[14:39] {magoo} out 66
[14:39] {magoo} and QQQQ
[14:39] {magoo} RIMM prob go green..risky
[14:39] {dino} anyone for +400 dji
[14:39] {Threei} INTC is nicely green
[14:40] {lisa_jay} Indices carving out a hammer today. Nice.
[14:47] {dino} pout pru .60, +1.10
[14:48] {dawg} Dawg was in the pound Lisa
[14:48] {Threei} almost 100 points NQ from the bottom
[14:48] {lisa_jay} :-)
[14:48] {dptl} lol Dino nice......luky i guess :)
[14:48] {dptl} lucky
[14:49] {dino} lucky is right
[14:49] {dawg} wtg Dino wow
[14:49] {dino} dow wall of china at .00
[14:49] {dino} stop to .90
[14:49] {peterg} pretty soon dino's driver shows up for him in the limo
[14:50] {dino} stopped dow +.10
[14:50] {dino} sm l cedc .30
[14:50] {dino} risky one
[14:51] {Threei} that's sensible play dino... traders will sure order a lot of vodka today after mrket
[14:51] {dino} lol
[14:51] {dino} lagging, so thought worth a "shot"
[14:52] {dptl} it' polish though isn'it ....cedc
[14:52] {lisa_jay} might slow down now..marke
[14:53] {muddleheaded} Vad are you thinking of holding anything overnight after all this?
[14:53] {dino} cedc stop is .97, don't get hurt by it
[14:54] {dino} dp, no allentown area v=based, distributor in poland russia, etc
[14:54] {Threei} no mudd
[14:54] {Threei} things are too volatile for that
[14:54] {muddleheaded} O.K.
[14:59] {magoo} vad..u in anything?
[14:59] {Threei} no
[14:59] {dino} is there anything better than making $, listening to good music, and watching the cowboys cheerleaders all ot the same time?
[15:00] {lisa_jay} lol
[15:00] {peterg} could add ribs and vodka, but might mess up keyboard
[15:00] {peterg} and judgement
[15:00] {dino} lol, i guess there is...good point
[15:01] {Threei} keyboard is worth consideration
[15:01] {lisa_jay} bloomberg - Paulson will be on at 3:40.
[15:01] {dino} why not wait until close, these guys are clueless
[15:02] {muddleheaded} Is Paulson the ringleader of this circus?
[15:02] {peterg} jawbone of an ass
[15:02] {dino} one of many
[15:02] {dino} but come on, he should know that's 20 min. before close
[15:02] {dino} cedc stopped -.33
[15:03] {muddleheaded} Maybe Paulson changed his mind again.
[15:03] {peterg} what, help the little guy?
[15:03] {muddleheaded} Leave it all for the next guy to fix.
[15:04] {peterg} NYT said in editorial he ws conspicuously absent from yesterday annountcment
[15:04] {Threei} interesting thing about today:
[15:04] {magoo} paulsen just used fed $$ to short mkts..getting killed so wants totalk it down
[15:04] {peterg} about helping individuals
[15:04] {Threei} lawmakers backed off pushing sutoindistry immediate help
[15:04] {Threei} and market ramped up
[15:04] {dino} lol magoo
[15:04] {Threei} I have no idea whether it's connected in any way
[15:05] {dino} butterfly effect
[15:07] {magoo} cramers bullish here
[15:07] {Threei} lol
[15:07] {Threei} short all you can
[15:08] {muddleheaded} Mr. Market just fell off a cliff he was so drunk.
[15:08] {Threei} well
[15:08] {Threei} you have to give it credit
[15:09] {Threei} our drunkard fell off the cliff,
[15:09] {Threei} sobered up,
[15:09] {Threei} and climbed out
[15:09] {Threei} can you blame him that he decided to inhale couple shots to celebrate it,
[15:09] {Threei} and fell back a little?
[15:10] {Geo} vads all about poetic analogies these days
[15:10] {Threei} yup, drunkards falling off a cliff is very poetic
[15:10] {muddleheaded} Maybe if I was drunk i would understand this market better?
[15:10] {Threei} in their own way
[15:11] {Threei} mudd... say what??
[15:11] {Threei} all this time you tried to trade sober????
[15:11] {dptl} roflol
[15:11] {magoo} dp is roflol because he IS drunk and fell too
[15:11] {magoo} hiccup
[15:12] {Threei} come on man... read the first page of the manual
[15:12] {muddleheaded} I guess I didn't read all the trading room rules :)
[15:12] {Geo} comon vad one more call !!!! and ill be positive puhhhlease
[15:12] {Threei} bold font
[15:12] {magoo} how much ya need geo?
[15:13] {Geo} 150
[15:13] {magoo} ok
[15:13] {Geo} wierd day for me so not taking any of my own
[15:15] {dino} watching met, dow, wcg
[15:16] {Threei} watching GG
[15:18] {magoo} l aapl
[15:18] {magoo} 93
[15:18] {Threei} couldn't het entry timing, touch trader
[15:19] {lisa_jay} ?
[15:19] {Threei} GG
[15:19] {dino} cedc l .99
[15:20] {magoo} aapl stop .69
[15:20] {magoo} looking for 93.70-80- arrea
[15:22] {lisa_jay} adbe?
[15:23] {magoo} out here 70..+.70
[15:23] {magoo} GEO??
[15:23] {Geo} sigh
[15:23] {peterg} nice mags
[15:23] {Geo} i apologize magoo
[15:24] {lisa_jay} nice one Magoo
[15:24] {dino} gj
[15:24] {magoo} sheesh..i took it for u..my mullah too
[15:24] {Geo} heheheh
[15:24] {Geo} you should take a lot more too :)
[15:24] {dino} out cedc .23, slipped +.24
[15:24] {magoo} figured had no right to call it unless i place a bet
[15:24] {Geo} i have vad on highlight will add yo too
[15:25] {magoo} that WAS 70 cenbt
06[15:25] * magoo slaps Geo around a bit with a large trout
[15:25] {Threei} but I wear reflective hood geo
[15:25] {peterg} out cedc +..16, out too soon, tks dino
06[15:25] * Geo slaps magoo around a bit with a large trout
06[15:25] * Geo slaps Geo around a bit with a large trout
[15:25] {Geo} sorry
[15:26] {Threei} The stock market has now lost about $6.9 trillion dollars since the peak. This is almost 10 times the size of the $700 billion TARP program. This is seven times the value of all subprime mortgages that were in existence in the US (around $900 billion), six times the amount at the peak of the housing boom. All the mortgage debt in the US amounts to around 11 trillion. In our words, the stock market has now lost enough value to discount that 60% of the homeowners in the US with mortgages are going to default on their mortgage. Can you say overdone?
[15:26] {Geo} i thought the stock market is just a zit on the bond market
[15:26] {Geo} we loosing much there?
[15:27] {Onix} Hello there, I can't leave you guys alone for a few hours ... then you had to go and race the market upo like that in my abscence?
[15:28] {Threei} we hurried up while you were out onix...
[15:28] {dino} gj peter
[15:28] {Onix} suppose i mussed some great trades?
[15:28] {dino} geo, it is
[15:28] {Threei} couple
[15:28] {peterg} tks dinster
[15:28] {dino} and yes onix, you did
[15:28] {Threei} don't tell onix it was 19 trades for 2.30 average gain
[15:28] {Threei} or he will never leave again
[15:29] {dino} don't read the above onix, you will feel sick
[15:29] {Onix} you serious about that info Vad?
[15:29] {dino} dow l .80
[15:29] {Threei} I am void of sense of humor
[15:29] {lisa_jay} sigh...adbe up .25 since mentioning.
[15:29] {Onix} if so, all i can say is CONGRATULATIONS!!
[15:29] {lisa_jay} sorry up .50
[15:30] {Threei} humorless grim creature
[15:30] {dino} hum-dee-dum
[15:30] {dino} deow, tear down that wall
[15:30] {dino} dow
[15:31] {magoo} ONIX..roflol
[15:31] {magoo} u only misdsed about 4k
[15:31] {magoo} 550 point swing
[15:31] {Onix} totally unbelievable!
[15:32] {magoo} and easy $$..ferocous up
[15:32] {dawg} in GG .03
[15:32] {magoo} dino rubbed his belly chanting budda budda and....WHAM
[15:32] {Onix} came home for lunch, but have now lost all my appetite
[15:32] {patience} here dino, let me do that for you
[15:33] {dino} 13:25 area i called we close at hod's, we were down 300+
[15:33] {dino} patience, by all means
[15:34] {dawg} out 1/2 .28 + 25
[15:34] {lisa_jay} Nice Dawg.
[15:34] {dawg} Still in not looking good but thanks Lisa you hit some today
[15:35] {lisa_jay} Green but nothing sig.
[15:35] {dawg} baby steps like me
[15:35] {lisa_jay} Yup.
[15:35] {dawg} .}
[15:36] {dawg} stopped be last half GG
[15:37] {dawg} Thanks Vad got a few $
[15:37] {dptl} have a good evening all........and ty:)
[15:37] {Threei} dawg :)
[15:37] {Threei} take care dp
[15:37] {dawg} .}
[15:37] {dino} out dow .92, +.12, fl
[15:38] {dino} take care dp
[15:40] {dino} we got the +400 i asked about
[15:40] {Threei} was it 700 points range?
[15:41] {dino} 718
[15:41] {dino} +
[15:42] {dino} pru sm l .00 risky
[15:42] {Threei} unbelieavble
[15:45] {dino} 8.945 obama high dji
[15:45] {dino} going for 800 pt range
[15:46] {magoo} how low we go 3098
[15:46] {magoo} 309
[15:48] {dino} 322+/-
[15:48] {Threei} a bit labored fight here at the top'
[15:48] {Threei} understadably
[15:49] {dino} sometimes i expect too much
[15:51] {Threei} today was anything but boring
[15:51] {peterg} and made money too
[15:51] {Threei} icing on a cake
[15:51] {peterg} :)
[15:52] {Threei} oh, and dino watched cowboy cheerleaders
[15:53] {lisa_jay} Thanks Vad.
[15:53] {lisa_jay} Bye everyone.
[15:53] {Threei} lisa :)
[15:53] {peterg} bye lj
[15:54] {Threei} (US) TREASURY'S SEC PAULSON: STEPS TAKEN SHOULD STABILIZE FINANCIAL SYSTEM, MAY TAKE TIME - TV INTERVIEW
[15:54] {Threei} - Says consumer securitization has ground to a halt
[15:54] {Threei} - US automakers are "important to the country", but there are "other paths" than Treasury funds
[15:54] {Threei} - Urges Congress to allocate funds for automakers, but companies need to be competitive
[15:54] {Threei} - Buying illiquid assets not out of question
[15:54] {dino} 799 pts
[15:54] {dino} cya lisa
[15:54] {dino} still on 3i
[15:55] {Threei} amazingly, market ignored even him
[15:56] {dawg} bye Lisa
[15:56] {Threei} whew... I feel like I personally pushed the market whole 800 points, uphill
[15:57] {magoo} i did well..but feel left alot out there
[15:57] {magoo} discouraging
[15:57] {magoo} 4 times daily
[15:57] {Threei} that's very discouraging
[15:57] {patience} when do options expire? next friday?
[15:57] {Threei} crying yet?
[15:58] {magoo} cant u relate? should have really hit it
[15:58] {dino} 21st
[15:58] {patience} ty dino
[15:58] {peterg} magoo, yuo mean money on table you didnt take
[15:58] {dino} 3rd friday always patience
[15:58] {dino} np cutie
[15:58] {patience} laughing, when are you visiting victoria with the family?
[15:58] {magoo} nah, mean such a BIG move..should have been more aggressive
[15:59] {peterg} uhmph
[15:59] {dino} not for awhile unfortunate;ly
[15:59] {magoo} make the cake when the ovens hot
[15:59] {magoo} but prob is....tough morni g
[15:59] {Threei} and how many of those rally attempts failed miserably lately?
[16:00] {magoo} thats what held me back
[16:00] {Threei} kind of hard to jump on each of them hoping that this one finally works
[16:00] {magoo} i am disciplinbed u know
[16:00] {peterg} Tomorrow for Mr T
[16:00] {dino} pain?
[16:00] {peterg} Pain
[16:00] {magoo} UP
[16:00] {Threei} bull market establishes and develops, we will have plenty of such
[16:00] {Threei} no need to catch the vefirst one in full
[16:01] {Threei} we caught what we could read
[16:01] {magoo} true boss..thats why u are here
[16:01] {muddleheaded} Have a good night everybody.
[16:01] {peterg} arabs and mutuals buying hope
[16:01] {Threei} sheesh, almost 900 points
[16:01] {peterg} good night all
[16:01] {Threei} thank you all
[16:01] {dino} i will be watching 8945, gap at 8696, and way up at 9656
[16:01] {peterg} gracoas
[16:01] {magoo} ty all
[16:01] {Threei} have a good evening
[16:01] {peterg} gracias
[16:01] {Threei} see you tomorrow
[16:01] {magoo} vios condias
[16:03] {dino} et tu brutus
[16:03] {dino} thx all, some really nice spots by everybody today, great job
[16:04] {magoo} problen here..get entire bounce in half day...
Thursday, November 13, 2008
Wednesday, November 12, 2008
Nov 12 2008
A few nice trades, a few stops. Profitable but most importantly, safe. I'll quote what I feel about this market:
[13:31] {Threei} for a few days now market has this frozen look... drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened. He bravely walked on a brink of chasm while drunk, then sobered up and saw where he was. When he sobers up and sees where he is and gets scared,
he is being torn between two conflicting impulses: one is to back away from the abyss, another is to close his eyes and step right in.
Abyss acts like magnet now... market can resist its pull no more than rabbit can resist snake.
Session Time: Wed Nov 12 00:00:00 2008
[08:47] {magoo} morning...no replay here
[08:47] {Threei} morning
[08:47] {Threei} nothing to rplay... we are in coma
[08:47] {lisa_jay} Hi Vad, Magoo
[08:48] {Threei} lisa :)
[08:53] {magoo} vad, any news FSLR or solars in general?
[08:53] {Geo} gm all
[08:54] {lisa_jay} Hi Geo.
[08:54] {Threei} Geo :)
[08:54] {Threei} JASO reported mags
[08:54] {lisa_jay} Is your computer back up?
[08:54] {Geo} yes :)
[08:54] {Threei} 11/12/08 06:30am
[08:54] {Threei} [JASO] JA Solar Holdings Reports Q3 $0.26 v $0.28e (ex items), R $312.3M v $307.4Me
[08:54] {Threei} - Guides Q4 EPS "about break even" v $0.30e; Rev $191.5-220.9M v 379.7Me
[08:54] {Threei} - Guides Q4 Gross Margin 5-7%
[08:54] {Threei} - Guides FY09 EPS $1.00 v $1.27e; Rev $1.5-1.7B v $1.77Be ($2.0B-$2.2B prior guidance)
[08:54] {Threei} - Guides FY09 Gross Margin at least 16%
[08:54] {Threei} - Guides FY09 annual output expected at 800MW
[08:54] {Threei} - Guides FY09 production capacity to exceed 1GW
[08:54] {Threei} - Q3 Megawatts produced 44.66MW v 102.9MW y/y
[08:54] {Threei} - Q3 Megawatss shipped 43.8MW v 99.1MW y/y
[08:54] {Threei} - Q3 Gross Margin 21.6% v 23.3% y/y
[08:55] {Threei} Russian markets are closed
[08:56] {Threei} I guess they spent more time being closed than open last couple months
[09:10] {Onix} Good morning al
[09:10] {Threei} Onix :)
[09:17] {_maga} morning all
[09:17] {Threei} maga :)
[09:17] {hawkfan4} good morning
[09:18] {Threei} hawk :)
[09:18] {hawkfan4} another morning of rainbows and sunshine in the market i see
[09:19] {Threei} total love-in
[09:19] {muddleheaded} Hi everybody.
[09:20] {Threei} hi muddle
[09:20] {dptl} good morning all
[09:20] {Threei} we need to come up with some version of shortened nick for ya... :)
[09:20] {Threei} dp :)
[09:20] {Threei} see, we shorten even 4-letter nicks
[09:20] {dptl} :)
[09:21] {muddleheaded} mudd is ok :)
[09:21] {Threei} thank you :)
[09:25] {dino} gm all
[09:25] {Threei} dino :)
[09:26] {dino} as in puddle of?
[09:28] {muddleheaded} mudd is short for muddleheaded, too much typing :)
[09:28] {Threei} intend to skip first minutes of trading
[09:28] {Threei} let's see how scared the market is
[09:32] {Onix} very scared it seems
[09:32] {Threei} so far, surely looks this way
[09:32] {lisa_jay} cnqr
[09:33] {lisa_jay} sorry, wrong screen.
[09:33] {dino} hate to say, next supprt8143 1/27
[09:33] {dino} 8,143 dji 10/27, typo
[09:34] {Threei} watching AMZN for short
[09:35] {Threei} close to 44 if gets there
[09:35] {Threei} keep small shares
[09:35] {magoo} watching amzn for long..exit near 44 lol
[09:35] {Threei} if you wanted long, 43.10 break was it
[09:36] {Threei} first weakness from here
[09:37] {Threei} in
[09:37] {Threei} .15
[09:37] {Threei} stop .30
[09:37] {magoo} 09
[09:37] {dawg} in
[09:38] {Threei} market drop
[09:38] {Threei} come on AMZN
[09:38] {Threei} with smaller shares didn't want to scalp
[09:38] {magoo} why is it stronger than naz
[09:38] {Threei} rather aiming for a bigger move
[09:39] {Threei} out
[09:39] {Threei} scalps still rule
[09:39] {dptl} stopped amzn
[09:39] {dawg} stopped
[09:39] {magoo} stopped
[09:39] {lisa_jay} did not take, had to reboot.
[09:42] {magoo} it really lagged the naz vad
[09:42] {Threei} still does
[09:43] {Geo} phew back in blac
[09:43] {KSystems} good morning
[09:43] {Geo} it went and bounced off yesterday's low
[09:43] {Geo} i shorted there.....
[09:43] {Threei} ks :)
[09:44] {Threei} Long Setup: DISH .71 if stays above .60
[09:45] {magoo} GS AAPL still falling...mkt tells
[09:46] {magoo} l aapl here .25
[09:46] {magoo} small 300
[09:46] {dawg} in DISH .71
[09:46] {Onix} in DISH .72
[09:47] {magoo} out here .72
[09:48] {Threei} taking too long, DISH, tighten stop to .65
[09:51] {Geo} half out
[09:52] {Threei} half out .85
[09:52] {dawg} half out .84
[09:52] {Threei} scalpers have over 1:1
[09:52] {dino} sm l pru .30, stop .89
[09:53] {Threei} stop to .69 for the balance
[09:55] {dino} pru stop to .19
[09:55] {Threei} Long Setup: APLO small shares .31
[09:55] {dino} tighten to flat
[09:55] {Threei} stop under 70
[09:55] {Threei} APOL
[09:55] {Threei} sorry
[09:56] {Geo} out .20 Ty vad
[09:56] {Geo} 20 cents i mean
[09:57] {Threei} DISH?
[09:57] {Geo} y
[09:57] {Geo} actually .17
[09:57] {Geo} lol
[09:57] {Threei} yeah, I was wondering
[09:58] {Geo} got hit at .86
[09:58] {Threei} thought your math was even worse than my spelling but then decided it wasn't possible
[09:58] {Geo} i thought i had oferred .89
[09:58] {Geo} heheh
[09:58] {Threei} APOL invalidated
[09:58] {lisa_jay} Thanks Vad, got .14 and .13 on DISH.
[09:59] {Threei} welcome
[10:00] {dino} lay out on prui .70 area imo
[10:00] {dino} pru
[10:02] {dino} out pru .70, +.40
[10:03] {dino} too soon
[10:05] {Threei} stop to .73 for DISH balance
[10:05] {lisa_jay} Target Vad?
[10:05] {Threei} not that 4 cents make much difference, just want to do things by the book
[10:05] {Threei} depends on the way it trades lisa
[10:06] {Threei} no hard number in mind, going to read it on the go
[10:06] {Onix} ty Vad, i all out DISH @ .88
[10:06] {Threei} welcome
[10:07] {Threei} no crying if it goes higher - I, in exchange, promise nopt to cry if the balance gets stopped out
[10:07] {dawg} i am with you on that
[10:07] {Onix} deal
[10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:08] {Threei} and take his wrath as a man
[10:11] {magoo} APOL valid?
[10:12] {Threei} not sure about this one
[10:12] {Threei} charts look fine, just a bit too jerky
[10:12] {peterg} morning all
[10:12] {peterg} late start
[10:13] {Onix} hi peter
[10:13] {peterg} in anytrhing?
[10:14] {Threei} peter :)
[10:14] {Threei} 1/4 more out DISH
[10:15] {Threei} 12.02
[10:15] {Threei} +.30
[10:15] {Onix} wtg
[10:15] {dawg} out 1/4 more dish
[10:15] {lisa_jay} Great job Dawg.
[10:15] {Threei} stop for the last portion is .84
[10:15] {dawg} OK
[10:15] {Threei} now... onix...
[10:16] {Threei} go ahead and fulfill your part of the deal
[10:16] {dawg} Thanks Lisa you made some on this one also right?
[10:16] {Onix} i want to cry, but i won't
[10:16] {Threei} no, not that oner
[10:16] {Threei} this one:
[10:16] {Threei} [10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:16] {Threei} [10:08] {Threei} and take his wrath as a man
[10:16] {Onix} how do i slap someone?
[10:16] {lisa_jay} Yes Dawg. But not following like textbook.
[10:16] {magoo} do NOT devulge secret slap vad
[10:17] {Threei} highlight his nick... right click
[10:17] {Threei} sorry mags
[10:17] {Threei} I am obliged to
[10:17] {lisa_jay} Paulson in 15 min.
[10:17] {dawg} Just following Vad along on DISH
[10:17] {Threei} it's included in support by RT
06[10:17] * Onix slaps magoo around a bit with a large trout
[10:17] {Threei} people have right to learn how to trade and how slap their neighbor
[10:17] {Geo} i thought slap was an extra subscription
[10:18] {peterg} thats for steel boots
[10:18] {Onix} sorry magoo, a deal is a deal
[10:18] {Geo} oh
06[10:18] * Geo slaps peterg around a bit with a large trout
[10:18] {peterg} hey
[10:18] {Threei} out last portion
[10:18] {dawg} stopped last 1/4 DISH
06[10:18] * peterg slaps Geo around a bit with a large trout
[10:19] {dawg} Thanks Vad great call
[10:19] {Geo} yup..... .75 daily here... lord vader
[10:19] {Geo} i sneaked bounce of yes low resistance in amazon
[10:21] {peterg} lkg at qqqq, aapl, is market setting itself up in tight bands again?
[10:21] {peterg} strangulation effect?
[10:22] {Geo} is that a trading term?
[10:22] {peterg} nah, imported from shrinkology
[10:22] {Geo} or what my wife does to me
[10:22] {peterg} right
[10:25] {lisa_jay} Vad, LLTC a valid set up break of .60, with stop under .48?
[10:25] {lisa_jay} Thanks.
[10:27] {Onix} one of those days where nothing happens every 5 mnutes
[10:28] {Threei} lisa, chart wise yes
[10:28] {dino} feels like death to me, sitting aside
[10:28] {Threei} market is not very friendly to this kind of setups right now
[10:28] {dino} markets that is
[10:28] {Threei} I would skip it
[10:28] {lisa_jay} Trying to learn the setups..not trading anything with Paulson coming on.
[10:28] {Threei} right
[10:29] {lisa_jay} Thanks Vad.
[10:31] {Chaeron} Good morning all... had inet probs... miss much?
[10:31] {lisa_jay} Hey Chaeron.
[10:31] {Onix} hi Chaeron
[10:31] {Chaeron} hi LJ
[10:31] {Chaeron} Onix :)
[10:32] {Chaeron} everyone just waiting for Paulson?
[10:32] {Threei} chaeron :)
[10:34] {dptl} s sbux .39 stop .52
[10:35] {Chaeron} Paulson speaking
[10:36] {dawg} bounce scalp UAUA 11 cents
[10:37] {Onix} gj
[10:38] {dawg} Thanks Onix trying learn everything I can from everyone
[10:39] {dino} gj dawg
[10:39] {Threei} careful dawg... I tried to learn from magoo how to tie up my shoelaces
[10:39] {Threei} guess what
[10:39] {Threei} tripped over them three times yesterday
[10:40] {dawg} LOL!
[10:40] {dawg} Thanks Dino you have a good one in PRU if i remember right
[10:43] {Onix} hope does not help much in these markets, but i took one more day off today to see if i can make some $$$ and learn some more
[10:44] {KSystems} what do you usually do?
[10:44] {Onix} i have a full-time job as a greenhouse manager with the UBC in Vancouver
[10:45] {KSystems} oh cool
[10:45] {magoo} btw onix, u seemed to learn the trout pretty well
[10:45] {Onix} i have this wierd hope of retiring soon as a full-time trader
[10:45] {Geo} interesting job ONIX
[10:46] {Geo} maybe ill visit to lear !
[10:46] {Onix} ty
[10:46] {Geo} learn
[10:46] {hawkfan4} BBY .26, stop 21.95
[10:46] {Onix} bbby?
[10:47] {hawkfan4} bby, best buy
[10:47] {Onix} ok
[10:48] {hawkfan4} stop .19 now
[10:49] {KSystems} k
[10:49] {KSystems} oops sorry
[10:50] {Geo} anyone figure out what _OWL trying to say?
[10:51] {Onix} anyone having feed problems at the moment with Laser?
[10:51] {dawg} in BBY .28 hawk where do you have your sell stop?
[10:51] {Threei} looks OK onix
[10:51] {Onix} thanks
[10:51] {hawkfan4} .19 dawg, keeping it tight today
[10:51] {Onix} quote & chart servers?
[10:52] {dawg} ok thanks hwk
[10:52] {hawkfan4} np
[10:52] {dawg} hawk
[10:52] {dino} mcd
[10:52] {dino} sm l .00, stop lod
[10:52] {Threei} quote 16
[10:52] {Threei} chart 1
[10:52] {lisa_jay} Nice Hawk and Dawg.
[10:53] {Onix} ty Vad
[10:53] {dawg} hawk called this one
[10:54] {dawg} out half .47 BBY
[10:55] {dawg} +.19 Thanks Hawk
[10:55] {hawkfan4} nice :)
[10:56] {magoo} cramer such an ass..now saying treacherous mkt and u don't need to be in at all
[10:56] {Onix} Laserdave not in chatroom today?
[10:56] {magoo} he was just buy..buy...buy...friday'
[10:57] {hawkfan4} he's certifiable mags, in 2 hours he'll be a raging bull again
[10:58] {hawkfan4} FMCN .15, stop .95. risky
[10:58] {Threei} watching QQQQ for long
[10:58] {Threei} support .40
[10:58] {Threei} entry point is not very clear
[10:59] {Threei} .57 is a bit too far
[10:59] {Threei} I'd like more aggressive entry with tighter stop
[11:00] {Threei} if you like the idea of trade, grab it on any pulllback
[11:00] {Threei} stop under .40
[11:00] {Threei} target is between .60 and .70
[11:00] {Threei} first strength from here
[11:01] {Threei} nice tight stop
[11:01] {Threei} minimal damage if no worky
[11:01] {dawg} in Q's .45
[11:01] {dptl} in .46
[11:01] {magoo} i know hawk..and his followers have time frame of much more than day..so he puts them in AAPL 110...tells them get out 92
[11:02] {dptl} out
[11:02] {Threei} no worky
[11:02] {dawg} out
[11:02] {muddleheaded} What is the minimum amount of volume on a stock needed before a call is made by anybody in this room?
[11:02] {Chaeron} -.08 on Q's
[11:03] {dawg} out last 1/2 BBY .47 Great call Hawk Thank you much!
[11:03] {magoo} i like couple hundred thousand volume
[11:04] {Threei} we don't have formal treshold mudd... jujst generally avoiding low volume pukers
[11:05] {muddleheaded} O.k.
[11:06] {hawkfan4} gj dog, was gonna do the same but spilled my coffee all over my desk reaching for the mouse :)
[11:07] {dawg} i've done that too hope damage wasn't to bad
[11:07] {lisa_jay} Been there so many times that I now need a hammer to move my keybord keys.
[11:07] {dawg} lol
[11:08] {Threei} UAUA
[11:08] {Threei} bounce should be close
[11:08] {hawkfan4} lol :) missed the important stuff, just need to change my pants
[11:09] {dawg} good!
[11:10] {Threei} .51 long if holding above .30
[11:11] {magoo} man vad...look at DISH chart
[11:11] {Threei} wow
[11:12] {Threei} we exited 2 cents under day high
[11:12] {Chaeron} uaua... whoops
[11:13] {Onix} yes, that was a good one for you guys
[11:13] {Onix} and i am still not crying
[11:14] {Chaeron} (everytime I see UAUA, I think of the song "Louie, Louie"... you know: Lou aay, Lou aay, whoooa, oh... We gotta go"
[11:14] {Threei} lol
[11:14] {Onix} :)
[11:14] {lisa_jay} Duran Duran...Toto?
[11:17] {Chaeron} Kingsmen I think
[11:17] {dawg} long DISH .50 stop .44
[11:20] {Threei} US TSY PAULSON: $700B NUMBER FOR BAILOUT STILL ENOUGH FOR FINANCIAL MARKET ASSISTANCE
[11:20] {dino} mcd stop to .39
[11:21] {Threei} what is truly shocking about this whole mess - constant non-ending barrage of new and new hits and speed with which they are coming
[11:22] {Threei} as soon as powers that be sell another 'fix", new problem jumps right from around the corner
[11:22] {KSystems} any idea how long this is going to last?
[11:22] {Threei} haha
[11:22] {KSystems} I mean...when are stocks going to be priced like they were before the crisis?
[11:22] {KSystems} you're invited to laugh again
[11:23] {Threei} :)
[11:24] {Threei} see, major problem as I see it is inevitabledebt contraction
[11:24] {Threei} much of "prosperity" was build on a shaky foundation of debt
[11:24] {Threei} built
[11:25] {Threei} a lot of spending was based on disposable income which, in tunr, was based on debt
[11:26] {Threei} This whole mechanism has collapsed now
[11:26] {Threei} new spending will be built on more realistic leverage
[11:27] {Threei} thus, by definition, will be mcuh more restrained
[11:27] {Threei} so, market is sorting out now who will survive,
[11:27] {Threei} who will collapse,
[11:27] {Threei} who will prosper
[11:28] {dino} dino's gut says we end around 7000 dji
[11:28] {Geo} there is an interesting article by a guy who wrote liar's poker.....
[11:29] {dino} good book
[11:29] {Geo} http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
[11:30] {Geo} profiles a couple of guys who couldnt believe what was going on and shorted the investment banks.... and were encouraged to do so by the banks themselves
[11:35] {dino} out mcd .39, +.39
[11:35] {lisa_jay} Wow.
[11:35] {Onix} wtg dino
[11:35] {dawg} gj Dino
[11:39] {KSystems} thanks for your assessment of the situation Vad
[11:40] {Threei} shesh
[11:40] {lisa_jay} UAUA getting sold off hard.
[11:40] {Threei} hesitated to call UAUA short on 10 breakdwon
[11:40] {Threei} :(
[11:40] {lisa_jay} Tanked after it broke.
[11:41] {magoo} now a vadism..."why hesitate? u see a setup..u take it..it worx or stop...next"
06[11:43] * Geo slaps Threei around a bit with a large trout
[11:43] {dino} ok, big bet w/magoo. i say -400 dji before we go to -100 dji, he's other side
[11:43] {dino} lunch
[11:44] {Threei} I have this feeling in my stomach that we'll be lucky if -400 is all for today
[11:44] {dino} and ty dawg, onix, lisa
[11:44] {Threei} and if we get any sizeable bounce
[11:44] {dino} great miinds think alike, i said to magoo -500 coming, but if we bet i'll take -400
[11:45] {dino} apathy feeling in markets today
[11:45] {Onix} yes, looks like 3rd down day in the next leg down?
[11:45] {Threei} with panic sprikled on top
[11:45] {Onix} lol
[11:47] {Threei} QID looks to me like going over 71 in a hurry
[11:47] {magoo} 71??
[11:47] {Threei} 79
[11:48] {magoo} u like my vadism?
[11:48] {Threei} why wouldn't I... I invented it :)
[11:48] {Geo} comeon vad........ he is asking
[11:49] {Threei} ECB'S STARK: THE FINANCIAL CRISIS IS "WRECKING HAVOC," DIFFICULT TO ASSESS ECONOMIC OUTLOOK
[11:50] {Threei} KS... another scary thing is (although in a certain perverted sense it's encouraging),
[11:50] {Threei} there is no place in the world that would remain relatively safe in this environment
[11:51] {lisa_jay} Dawg, DISH still hold tight.
[11:51] {Threei} here is my 79
[11:51] {tomg} ty qid vad
[11:52] {Threei} tom :)
[11:52] {dawg} Watching paint dry Lisa still in
[11:54] {dptl} me too long at.52 dish
[11:54] {dawg} Good dptl
06[12:01] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * Geo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps Geo around a bit with a large trout
06[12:02] * laserdave1 slaps Geo around a bit with a large trout
06[12:02] * magoo slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * Geo slaps Chaeron around a bit with a large trout
[12:02] {Threei} dave... can you translate what laser guys posted in chat?? :)
06[12:02] * magoo slaps Onix around a bit with a large trout
[12:02] {Onix} something fishy going on here
[12:03] {Onix} ty magoo
[12:05] {Threei} I don't want to initiate any position here, volume died down
[12:05] {Threei} sideline
[12:05] {Threei} so... what can be done at all about GM?
[12:05] {Threei} failure puts about 3 mil jobs on the line
[12:06] {Onix} someone pulled up the emergency brakes?
[12:06] {Threei} not an option
[12:06] {Threei} how do you save it qwhen no one buys cars?
[12:07] {Onix} quite a headache hey?
[12:07] {Geo} QCOM getting pounded
[12:07] {Threei} understatement of the century...
[12:07] {Threei} all the discussions about bailing it out, I just can't understand how
[12:08] {Threei} give it money? what does it solve?
[12:08] {Onix} but next in line at the government window must be the airlines hey?
[12:08] {Threei} they'll burn through it in a few months, what's next?
[12:09] {Onix} government going to keep pumping money into GM etc?
[12:09] {Onix} as you, how can they just keep doing that?
[12:09] {Onix} rather let them go into chapter 11 and re-organize
[12:09] {Threei} current level of sales simply can't sustain the comapny
[12:10] {Geo} tought to happen as abama need to pay his dues to UAW
[12:10] {Threei} QCOM
[12:10] {Threei} CEO: COMPANY STOPPED NEW HIRING, PHONE MAKERS CUT ORDERS 'DRAMATICALLY' TO LOWER INVENTORY
[12:10] {Threei} - notes there is uncertainty in forecast
[12:13] {Onix} they call it the credit crisis
[12:13] {Threei} market is looking into abyss
[12:13] {Onix} so everything bought on credit is in real trouble with so many people losing their jobs
[12:13] {Threei} and when you do that for too long, abyss starts looking back at you
[12:14] {Geo} thats deep vad
[12:14] {muddleheaded} Anybody watching anything?
[12:14] {Threei} I want peter to be proud of me
[12:14] {Geo} in NTAP
[12:14] {Onix} deep insight or deep abyss?
[12:14] {Geo} deep abyss
[12:15] {dino} when staring into the abyss, thats when you find your charactor
[12:15] {dino} wall st
[12:16] {Threei} QID worth a try here again
[12:16] {magoo} long short?
[12:16] {Threei} long
[12:16] {muddleheaded} Geo, are you short NTAP on earnings or did you buy for a bounce?
[12:21] {dawg} short Q's .20 break
[12:22] {dawg} stop .31
[12:23] {peterg} vad, I very proud!
[12:23] {Geo} short since......24 mudd
[12:23] {Geo} 11.24
[12:23] {Threei} thatnk you
[12:24] {Geo} stopped QID..... am glad small shares
[12:26] {Geo} off to work.... TY all
[12:26] {dawg} stopped Q's -11 cents snall lot
[12:26] {Onix} me chicken, e don't do QID any more
[12:28] {lisa_jay} Me busy rading Power Puff grisl and Elmo
[12:28] {lisa_jay} So no QID.
[12:28] {peterg} pretty breathtaking moves on qid
[12:28] {peterg} I like Elmo
[12:31] {peterg} almost made typical mistake of buying on trend without setup
[12:31] {peterg} market loves to give pain then
[12:31] {peterg} qid of course
[12:34] {Onix} yes, jumping in without valid setup, calls for pain more often than not for me
[12:36] {dino} we shall call those the mr. t trades
[12:36] {lisa_jay} I have made a lot of Mr. T trades in my time.
[12:36] {peterg} you mean, like, okay, foo? (fool in mr t talk)
[12:36] {lisa_jay} Lol..Mr.T
[12:37] {dino} met sm l .00, stop .72
[12:39] {dino} peter, yes, and "what's your prediction on the fight mr.t? painnn"
[12:40] {peterg} riiiight
[12:40] {dawg} in met .04
[12:41] {dino} thinking intial target .44ish
[12:41] {dawg} ok bowels getting lose here
[12:41] {dawg} loose too
[12:41] {dino} nasty
[12:42] {Threei} nice MET
[12:42] {dawg} Dino call
[12:42] {Onix} good call dino
[12:42] {dino} use pru as your tell vad
[12:42] {dawg} out .43
[12:42] {dino} gj
[12:43] {dino} stop to .39
[12:43] {dawg} Thanks Dino great call!
[12:43] {dino} lucky gog
[12:43] {dawg} Direct Hit
[12:43] {dino} dog
[12:43] {dawg} .)
[12:44] {peterg} fabuloso dino and thanks.
[12:44] {dino} tighten to .45
[12:44] {peterg} in and out 2x, gainers both
[12:44] {dino} out +.45
[12:45] {peterg} course, first exit was clumsy mistake
[12:45] {dino} just lucky guys, glad to help
[12:45] {dawg} +35
[12:45] {Threei} PRU, if market helps, should reverse off .50
[12:45] {dawg} +35
[12:47] {dawg} get off the pipe dawg
[12:47] {dawg} in PRU 28.50 long
[12:48] {Threei} market's still selling, dawg, keep it tight
[12:48] {lisa_jay} stop vad?
[12:48] {dino} watch market
[12:48] {Threei} a bit premature entry, IMO... but keep stop under .40
[12:49] {lisa_jay} Best entry would be?
[12:49] {lisa_jay} Or better, thanks.
[12:49] {dawg} stopped PRU
[12:49] {Threei} it's not nyumbers
[12:49] {Threei} it's market direction
[12:49] {lisa_jay} Not in.
[12:49] {dino} they move w/dji
[12:50] {Threei} right
[12:50] {lisa_jay} Ok thanks Vad, Dino.
[12:50] {Threei} levels of support/resistanve are for watching around them, not for entry per se
[12:50] {dawg} OK learned on that one then
[12:55] {Threei} JPM CEO: DE-RISKING BEAR STEARNS BALANCE SHEET COST ABOUT $10B MORE THAN EXPECTED - CONF PRESENTATION
[12:55] {Onix} surprise!
[12:56] {dino} shocker
[12:56] {dawg} PRU in .27
[12:56] {dino} chic
[12:56] {peterg} new word: de-risking
[12:56] {dawg} bounce scalp
[12:57] {dino} thinking short
[12:57] {dawg} out .34 + 6 cents
[12:57] {dino} gj, sorry i was talking chic
[12:58] {dino} buyout 9
[12:58] {dawg} its OK probably getting a little loose here anyway but its working
[13:02] {dawg} in PRU .23
[13:03] {dawg} too slow stopped PRU
[13:08] {dptl} ftbk???
[13:09] {Threei} gosh
[13:09] {Threei} dp, you are scaring me
[13:09] {Threei} why scream
[13:09] {dptl} :)...i scare my self
[13:10] {dptl} and qqqq at .50 may be
[13:10] {Threei} looks like, yes
[13:11] {Threei} very strange market here I must say
[13:11] {dino} as opposed to?
[13:11] {Threei} lol
[13:11] {peterg} warm and friendly, cuddly market
[13:11] {dino} pretty much the normal since sept. 1st
[13:12] {KSystems} probably its not the market but us
[13:12] {Threei} todays is stranger
[13:12] {peterg} retek nart dardlep
[13:12] {Threei} slow drift down,,, slow drift up...
[13:12] {muddleheaded} Does anybody use pivot points on the indices?
[13:12] {Onix} its all slippery with blood with the bulls and bears fighting so much
[13:13] {Threei} lol onix
[13:13] {Threei} as general idea of support/resistance levels, mudd
[13:18] {dino} intra-day and natural ones
[13:18] {Onix} what you think of KG Vad?
[13:19] {Threei} .50 if holding above .40 would be a standard play
[13:19] {Threei} I just don't trust it
[13:19] {Onix} ty
[13:20] {lisa_jay} FISV?
[13:20] {magoo} KG? pretty good basket ball player
[13:20] {Threei} same thing, only more volatile and risky
[13:21] {peterg} he left minnesota for boston
[13:21] {lisa_jay} Ok, thanks Vad.
[13:21] {Onix} just what you sid Vad, look at KG now!
[13:21] {Onix} said
[13:22] {dino} mkts dropping imo
[13:22] {Threei} yikes
[13:23] {magoo} jesus..does paulen even get a bathrm brteak lol
[13:23] {KSystems} is he still speaking??
[13:24] {Onix} his full-time job is to prop up the markets, didn't you know?
[13:24] {magoo} oh..i looked up..guess it was news story
[13:24] {Threei} lol
[13:24] {dino} and he does a terrible job at it. should just hire a motivational speaker
[13:25] {Onix} :)
[13:26] {dino} brb
[13:27] {Threei} dino may have figured it out
[13:27] {Threei} market needs Tony Robbins
[13:28] {Onix} i think rather Robbin Williams
[13:28] {KSystems} LOL
[13:31] {Threei} for a few days now market has this frozen look
[13:32] {peterg} snow on ground in MN -- could be a connection?
[13:33] {Threei} drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened
[13:33] {Onix} lol
[13:33] {magoo} see..even u have become lulled and complacent..this USED to be a big down day..280 down
[13:33] {Threei} bravely walked on a brink of chasm while drunk,
[13:33] {magoo} now its no big deal
[13:33] {Threei} sobered up and saw where he was
[13:34] {Threei} it's not even about the size of red mags...
[13:34] {peterg} So, maggers, what does it all mean?
[13:34] {Threei} it's the fashion in which it's done that creates this wierd feeling
[13:34] {Threei} to further my analogy and try to explain what I feel...
[13:35] {Onix} smart money is either all out already, or they can not make up their mind
[13:35] {Threei} when he sobers up and sees where he is and gets scared,
[13:35] {peterg} then
[13:35] {peterg} he
[13:35] {Threei} he is being torn between two conflicting impulses
[13:35] {Threei} one is to back away from the abyss
[13:36] {Geo} back
[13:36] {Threei} another is to close his eyes and step right in
[13:36] {Onix} all aboard? ... going down!
[13:36] {Geo} we in anything?
[13:36] {Threei} no
[13:36] {Onix} nope
[13:36] {Geo} thanks
[13:36] {Threei} seriously guys
[13:36] {Threei} I am not trying to be cute
[13:36] {peterg} Captain of balloon ride in colorado explained to me my fear was from my wish to jump
[13:36] {Threei} (not that I have any chance to succeed in that)
[13:37] {peterg} Im following you vad
[13:37] {Threei} this is how I feel watching market last few days
[13:37] {Onix} too much vodka?
[13:37] {Threei} sigh... I have no chance to be taken seriously, do I :)
[13:38] {Onix} lol
[13:38] {Onix} sorry, i agre with you, it is real stange these last few days in the markets
[13:40] {dino} feels like nobody cares...apathy
[13:40] {peterg} My bellweather stock, GE, is tanking further
[13:41] {Onix} i don't hope it is going to be like this for the next 69 days until Obama takes the reigns
[13:41] {peterg} Sold this summer.
[13:41] {peterg} If its like this, Onix, you
[13:41] {Threei} dino... strikes me as
[13:41] {Threei} ummm
[13:41] {peterg} will have to keep your day job
[13:41] {Onix} so true
[13:41] {dino} yes?
[13:42] {Threei} not apathy but rather being horrified of inevitable
[13:42] {Threei} scared to death of it,
[13:42] {Threei} scarewd to face it,
[13:42] {Threei} and not seeing any way to avoid it
[13:42] {peterg} who said, "the horror, the horror...."?
[13:42] {peterg} anyone?
[13:42] {dino} apocolaspse(?) now
[13:42] {peterg} rihngt
[13:43] {peterg} from book
[13:43] {peterg} by conrad
[13:43] {Threei} all thinkable lifelines thrown in, used up and didn't help
[13:43] {hawkfan4} Col. Kurtz
[13:43] {peterg} heart of darkness
[13:43] {Geo} rumor is..... being paid to wait till jan 20
[13:43] {peterg} yes yes!
[13:43] {Geo} lol
[13:43] {peterg} so maybe vad it is just too awful even for us to think about
[13:44] {peterg} lost in space
[13:44] {Threei} well, our advantage is ability to control risk
[13:44] {Threei} stay away if needed
[13:44] {dino} the way i see it, they must let capitalism work, so ineviably bankruptcies must occur, bondholders must be paid off, not in principle, but new stock, and contracts must be broken. then start over
[13:44] {peterg} yup
[13:44] {Threei} cut losses short if needed
[13:44] {Threei} grab obvious profits when they are there
[13:44] {Threei} exactly what we did these lat few days
[13:45] {peterg} good, but difficult for a young seventeen year old like myself
[13:45] {dino} yes vad, it is a daytraders world for now
[13:45] {Threei} I am afraid in today's situation it's not going to happen dino
[13:45] {Threei} not with incoming administration
[13:45] {dino} agreed, thats why it will take twice as long
[13:45] {Threei} not after all these endless bailouts
[13:46] {peterg} where does this money end up?
[13:46] {Threei} they will dig deeper and deeper hole in hope to make another generation pay for it
[13:46] {dino} north korea closing border jan. 1st. another obama test in the making
[13:46] {peterg} truly the curse of living in interesting times
[13:46] {Threei} really, do you see new prez ditching UAW?
[13:46] {peterg} not going to happen
[13:46] {peterg} apparently
[13:47] {peterg} detroit has been a pit for forty years or more
[13:47] {peterg} sorry if i offend people
[13:47] {dino} you don't
[13:47] {Threei} light at the end of the tunnel for us is
[13:47] {dino} not me at least
[13:47] {peterg} gotcha
[13:47] {Threei} [13:46] {peterg} where does this money end up?
[13:47] {peterg} ya
[13:47] {Threei} that's what will work eventually for us as traders
[13:48] {Threei} trillions on a sideline
[13:48] {peterg} ahhah
[13:48] {Threei} sooner or later they will pour in
[13:48] {Threei} and prop the markets in bull frenzy
[13:48] {Threei} timing is tough but it will be well worth the wait
[13:48] {peterg} back to dino
[13:49] {peterg} jungle image
[13:49] {peterg} correct
[13:49] {Threei} we got first taste of it on days when market did 1000 points green
[13:49] {lisa_jay} sigh..FISV, would have gone to 32.85 if i had bought.
[13:49] {lisa_jay} oh well.
[13:49] {Threei} shrug it off lisa... was random one
[13:49] {Threei} 50/50
[13:49] {lisa_jay} Yes, learning to read patterns though. Thanks.
[13:50] {peterg} lisa, you are inspriation tolazy me to learn patterns.
[13:50] {lisa_jay} Actually got it from Dawg.
[13:51] {peterg} Thanks all o yez
[13:51] {dawg} dogs back on the pipe
[13:51] {peterg} smokin?
[13:51] {lisa_jay} Hot.
[13:51] {dawg} but thanks Lisa
[13:52] {peterg} back in hr. Nobody make money til then.
[13:52] {lisa_jay} With the market the way it is, you can wake us up when you get back.
[13:54] {Threei} abyss is a magnet
[13:54] {lisa_jay} yes
[13:56] {dino} lod coming
[13:56] {Threei} today shapes up as one of those days
[13:56] {Threei} serously exceeding "normal - 300"
[13:57] {Threei} you are going to win that bet with magoo, dino
[13:57] {Threei} to quote outgoing prez... "this sucker is going down"
[13:58] {Onix} lol
[14:00] {Onix} but if market goes down much more, government will have to start bailing out pension funds as well
[14:01] {Threei} you know... as far as big economic picure is concerned, I just don't have any points of reference to try and create any kind of forecast
[14:02] {Threei} unfortunately, events show neither do decision-makers
[14:02] {Threei} I mean, what does collapse of this and that and that implicate?
[14:02] {Threei} when GM, F, MS, GE are down and out,
[14:02] {Threei} when pnesion funds are ruined
[14:03] {Threei} whart happens next?
[14:03] {dino} pension funds are already insured by govt., pension guanatee assoc.
[14:03] {Threei} this is where I have major troubles dino
[14:03] {dino} annuities just got tarp, think insurors
[14:03] {Threei} who insures the govt?
[14:03] {Onix} maybe that is what is was like recovering after WWI & II?
[14:03] {patience} my theory is businss becomes predominantly foreign owned in the U.S.
[14:04] {Threei} what happens when the govt that insures everyone goes bust?
[14:04] {dino} printing presses do 3i, we will be shorting dollar and bonds very shortly
[14:04] {patience} u.s. taxes have to go up to pay today's promises
[14:04] {KSystems} Look at Iceland, its happened there
[14:05] {Onix} if states like California can go bust, then the whole UA can also go bust
[14:05] {Threei} I don't know about foreign ownership... seems the rest of the world has it even worse than US
[14:05] {Onix} new world leader (China) will emerge
[14:06] {Threei} this I truly doubt
[14:06] {lisa_jay} qqqq's at lower end of the channel.
[14:06] {dino} you are clouded by silly academic ideas (w/respect intended). the politicians and bankers know the only way out is to inflate it away. right now dollar and bonds are going up, but to pay it off "cheaper", we must print around the clock, de-valuing bonds, dollar, etc. so if dolar drops 30%, we save $200 billion...see
[14:07] {Threei} this I understand dino
[14:07] {Threei} what I don't is,
[14:07] {dino} they understand this, and joe sixpack keeps his (no 30% less) pension
[14:07] {Threei} devaluation of dollar relative to what?
[14:07] {Threei} whole world has to print
[14:07] {Threei} and inflate the way out of problem
[14:07] {dino} gold, oiul, china, etc
[14:07] {dino} oil
[14:08] {dino} another commodity boom in the making imo
[14:08] {dawg} short Q's .06 out .94 for a dime scalp
[14:08] {Onix} we are going to press the reset button and start from scratch
[14:09] {dino} hmmm, again w/respect intended.....do not over think it, inflation is coming soon. obama will be dealing w/carter like environment. rates
[14:11] {dino} cycles are just coming faster these days, imo
[14:11] {Onix} we are fairly protected up here in Canada from all the economic turmoil at this stage
[14:11] {Onix} but i feel real sorry for all the millions losing their jobs in the USA
[14:12] {dino} don't misunderstand me. there will be plenty of opprtunities
[14:12] {dino} ty onix
[14:14] {lisa_jay} Nice one Dawg.
[14:14] {Threei} market does go down as we foresaw... problem is, I can't find safe entry points
[14:15] {dino} same problem, my mind resists shorting when down 750 dji points since fri close
[14:15] {dino} 8.5%
[14:15] {Threei} what a mess
[14:16] {dino} agreed
[14:18] {dino} -1,295 since close on election day, or13.5%
[14:19] {dawg} bounce scalp C in .84 out .96
[14:19] {Onix} anybody with a cristal ball to tell us what time the day-traders are going to start to cover their shorts today?
[14:19] {dptl} vvus .51 long ?
[14:22] {dawg} in C short .98 for a scalp
[14:22] {Threei} VVUS, I doubt it
[14:26] {dawg} stopped C -7 cents
[14:27] {Threei} GE
[14:27] {Threei} APPROVED TO OFFER FDIC INSURANCE ON $139B IN DEBT, GE CAPITAL ELIGIBLE FOR EXPANDED PROGRAM
[14:27] {Threei} is this what propped the market just now?
[14:28] {dawg} short C .04 for a scalp
[14:33] {dawg} stoppped C -8 cents
[14:33] {Threei} -4 you mean?
[14:34] {dawg} in at 04 and stopped at .12
[14:34] {Threei} oh, I see... didn't saw it spiking there
[14:34] {dawg} Yes reversing
[14:35] {dawg} but only trading small lot of 200 shares
[14:39] {dino} press conference coming..."all americans to get $50k in cash to stimu;late economy" just kidding, but might be cheaper current stategy
[14:40] {Threei} why limit it so severely
[14:40] {dawg} lol
[14:40] {Threei} I'd suggest including canadians
[14:40] {Threei} maga, Italy, right?
[14:41] {Threei} KS, germany?
[14:41] {KSystems} yep
[14:42] {Threei} Chaeron, cosmo and geo will probably insist on including California
[14:42] {Threei} now, that I'll object to
[14:43] {Geo} ou can leave california out
[14:43] {Geo} just give it to me
[14:44] {Geo} and chaeron too...
[14:44] {dino} lol
[14:51] {Chaeron} thank you Geo... I think you're on to something... give it all to me and Geo and we will distribute among our friends... I don't have any friends tho Geo, do you?
[14:51] {Threei} you wealth distributor
[14:51] {Geo} only you cheron
[14:51] {peterg} back. reviewed log. some up/dn. Last hour, lets really make money
[14:51] {Geo} you and me
[14:52] {lisa_jay} Vad, just for educational purpose, would FISV be an inverted c & h? with .00 break down? Thanks.
[14:53] {Threei} yup
[14:53] {Threei} also, head and shoulders
[14:54] {lisa_jay} Stop .15
[14:54] {Onix} on 1 min or 5 min?
[14:54] {Threei} korrekt
[14:54] {lisa_jay} 1min
[14:55] {Threei} one more leg down is coming
[14:58] {Geo} ne calls vad?
[14:59] {dawg} short C .92
[14:59] {Threei} tough proposition geo
[14:59] {Threei} general direction is relatively easy
[14:59] {Threei} a lot of short-lived rallies are very hard to time
[14:59] {Geo} yeah..... i got rinsed on QID and one more... cant remember.....
[14:59] {Geo} convinient memory :)
[15:00] {dawg} out C .81
[15:00] {Threei} finally dawg
[15:00] {Threei} nailed it
[15:00] {dawg} +10 cents Thanks Vad for general direction
[15:00] {peterg} nice
[15:01] {dawg} thanks Peter
[15:01] {lisa_jay} 1:1 fisv...did not take :-)
[15:01] {dawg} Took awhile but your general direction give me courage
[15:02] {Onix} paper trading does help lisa :)
[15:02] {lisa_jay} Yes, if i was in the position, we would be having a huge rally.
[15:02] {Threei} lol
[15:03] {Threei} this kind of paper trades build confidence lisa
[15:03] {magoo} all we need is chaer to short something big...BAM RALLEY
[15:03] {lisa_jay} I hope.
[15:03] {lisa_jay} What do you say Chaeron...for the greater good.
[15:04] {lisa_jay} Lets short something.
[15:05] {Onix} lisa, where do you live?
[15:05] {lisa_jay} CT.
[15:05] {lisa_jay} USA.
[15:05] {Threei} Ct is USA?
[15:05] {dino} hey neighbor!, well sort of
[15:05] {Threei} at least one town in it is not
[15:06] {Onix} CT also stands for Cape Town South Africa
[15:06] {lisa_jay} Yeah, Dino, Magoo...often visit PA..are you near Horsham?
[15:06] {dino} 2 hours north
[15:07] {Threei} -350
[15:07] {dino} 50 pts and lunch tomorrow on magoo
[15:07] {dino} you see, magoo and i have ability to freeze markets in small ranges, our bet did just that for hours
[15:08] {lisa_jay} lol
[15:08] {Threei} dino... I think new administration will employ you on a spot for that ability alone
[15:08] {dino} roflol
[15:09] {peterg} anybody looking att anything?
[15:09] {dino} but they need to hire magoo too or it won't work
[15:09] {Threei} even that won't stop them
[15:09] {peterg} If nobody can find anything, Im going home early
[15:09] {Threei} peter... my feekling is, last bounce, then royal flush
[15:10] {peterg} time guesstimate?
[15:10] {dino} peter, my feeling is to ask magoo to bring me a brew and call it a day
[15:10] {Threei} 5 minutes
[15:10] {Onix} :)
[15:10] {peterg} wanna short something, as lisa suggested?
[15:11] {Threei} Qs
[15:11] {peterg} magoo, bring me a brew and call it a day
[15:11] {Threei} ADBE
06[15:11] * Chaeron slaps peterg around a bit with a large trout
[15:11] {Chaeron} say please
[15:12] {peterg} pls
[15:12] {Geo} that was easy
[15:12] {Chaeron} Larisa's not here and manners go to heck......
06[15:13] * dino slaps magoo around a bit with a large trout
[15:13] {dino} pay attention magoo, peter wants a beer
[15:14] {peterg} jeez vad, you put em in front of me and i dont take me adbe
[15:15] {peterg} frozen mind
[15:15] {peterg} limbs
[15:15] {Chaeron} move
[15:15] {Chaeron} it's almost 80 here
[15:15] {peterg} where?
[15:15] {lisa_jay} adbe vad, break of .10?
[15:15] {Chaeron} Thailand
[15:15] {Chaeron} teasing... So. Calif
[15:16] {Threei} in this environemtn I prefer shorting bounces lisa
[15:16] {lisa_jay} Ok, Thanks
[15:21] {peterg} i am in antarctic science station studying beer proliferation
[15:21] {magoo} i must apolagize..our bet ruined the trading day both sh opr long
[15:21] {Threei} why... we got a few good ones
[15:21] {Threei} not as many as we want
[15:21] {Threei} but heck
[15:22] {magoo} all BEFORE the bet boss
[15:22] {Threei} oh
[15:22] {Threei} yes, you are right
[15:22] {magoo} what..cant hear u..say ahgain please lol
[15:23] {peterg} hav fun team. Going home, will review log for things said about mkts, me
[15:23] {lisa_jay} Bye Peter
[15:24] {Threei} take care peter
[15:24] {peterg} bye lj, vad
[15:24] {Threei} ADBE works like charm
[15:24] {Threei} Qs too
[15:24] {Threei} flush in progress
[15:24] {peterg} and raven, cosmo dawg dino dptl geo hwk,jmb ksys, ldave, mag mudd, onix patienc tom g maga
[15:24] {dino} cya pete
[15:24] {Threei} 20 points till dino's bet win
[15:25] {magoo} u know how much heeats?
[15:25] {dino} victory, a dish best served cold
[15:27] {dino} wow, kbr at $12 w/$10/share cash
[15:27] {dino} no takeovers tho, because no financing available for them
[15:27] {magoo} hang onnnnnnnnnn dow
[15:27] {dawg} short Q's break of .75
[15:28] {dawg} stop .81
[15:28] {magoo} u gotta have the print or no deal, er um. meal
[15:28] {dino} missed by .80
[15:31] {dawg} stopped Q's - 6 cents 200 shares
[15:31] {Threei} not really right way to enter this kind of selloffs dawg
[15:32] {dawg} what is the right way was waiting for flush
[15:32] {Threei} it dropped into low instwad of consolidating above it,
[15:32] {Threei} this kind is more likely to bounce instead of continue
[15:32] {dawg} ah got it always learning with you
[15:33] {Threei} either wait for bounce into resistance or for consolidation and break
[15:33] {dawg} I was ass backwards
[15:33] {magoo} im gonna win bet
[15:33] {magoo} going green
[15:33] {Threei} green?}
[15:33] {Threei} today?
[15:34] {magoo} yes
[15:34] {magoo} in progreesss
[15:34] {Threei} if that is what you bet on, I'll bet on dino's bet
[15:34] {Threei} any leverage you wish :)
[15:34] {muddleheaded} Any thoughts on FTBK?
[15:35] {Threei} FTBK is moving on this:
[15:35] {Threei} 11/12/08 10:12am
[15:35] {Threei} [FTBK] Frontier Financial Announces Status of Treasury Capital Purchase Program Application
[15:35] {Threei} - indicated they have filed an application for the Capital Purchase Program announced by the Treasury. The deadline to file the application is November 14, 2008. At this time, Frontier's application has neither been denied nor approved by their federal regulators or the Treasury.
[15:35] {magoo} dino is ranting non stop"how can it not print 400 down..."
[15:36] {muddleheaded} Thanks.
[15:36] {Threei} they are denied, it drops 2 bucks faster than traders blink
06[15:36] * magoo slaps Threei around a bit with a large trout
[15:36] {magoo} vadf acts like hes running the room or something he he
[15:37] {Threei} gosh, it's what, 18 points till 400?
[15:37] {Threei} it will eat those 18 points in two shakes of lamb's tail
[15:37] {Threei} lol
[15:37] {Threei} 10 points
06[15:37] * Geo want to just eat the lamb
[15:38] {muddleheaded} TSX is worse off.
[15:38] {Threei} how much down?
[15:38] {magoo} u half empty guy
[15:38] {muddleheaded} 559
[15:38] {Threei} yikes
[15:38] {magoo} only 265 points away from free lunch
[15:38] {Threei} oil under 56
[15:39] {Threei} loonie lost .80 yet?
[15:39] {dino} like having a sell order at 400, but won't hit
[15:40] {muddleheaded} $0.8081 now.
[15:40] {lisa_jay} There Dino...saw the print.
[15:40] {dino} bamm! lunch on magoo
[15:40] {Threei} here we go
[15:40] {lisa_jay} Flush...
[15:40] {Threei} yeah
[15:40] {Threei} not royal flush yet
[15:41] {Threei} but that's coming too
[15:41] {Geo} magoo?
[15:41] {Geo} looks like he went grocery shopping
[15:41] {Threei} dawg
[15:41] {Onix} testing October lows today already?
[15:41] {Threei} see where Qs dropped from?
[15:41] {dawg} short Q's off resistance like you said
[15:41] {dawg} .89
[15:41] {Threei} .90 resistance, like clockwork
[15:42] {dawg} Yes sirree!
[15:42] {lisa_jay} R u short Dawg?
[15:42] {dino} 8,143 next target imo
[15:42] {Threei} onix, NASDAQ is still above those lows
[15:42] {dawg} yes but only 200 shares
[15:43] {Threei} not too far though
[15:43] {dawg} out 1/2 100 shares
[15:43] {dawg} thanks Vad hold onto last 100
[15:43] {Onix} getting there only 64c for Q's
[15:43] {dawg} for royal flush
[15:43] {Threei} :)
[15:44] {dawg} Ok out last 100 be what a learning experience Vad
[15:45] {Threei} I've no idea where this spike came from
[15:45] {Threei} jusr dangers of bear market
[15:45] {Onix} short coverings?
[15:45] {dawg} whoa!
[15:45] {Threei} spikes are sudden and violent
[15:45] {dino} 3:45 bounce
[15:45] {dino} like clockwork
[15:45] {dawg} short again .90 Vad?
[15:46] {Threei} no
[15:46] {dawg} got it
[15:46] {Threei} this kind of spike ruins whole read
[15:46] {Threei} it can drop or continue up from here with he same odds
[15:46] {dawg} i see
[15:47] {dptl} have a good evening all
[15:47] {Threei} take care dp
[15:47] {magoo} dp WAITTTTTTTT
06[15:48] * magoo slaps dptl around a bit with a large trout
[15:49] {Threei} dawg... how about that eh?
[15:49] {dawg} you where right along Vad
[15:50] {dawg} all along
[15:51] {magoo} thats why hew gets the lunch dawg
[15:51] {dawg} lol magoo!
[15:52] {dawg} and dinner too
[15:53] {dino} detroit city counsel files for 10b tarp loan
[15:53] {Geo} wot???? really?
[15:54] {Threei} what the
[15:54] {Threei} is it money for all purposes now?
[15:54] {dino} yes, real$.com
[15:54] {dino} soon i will file
[15:55] {Geo} chaeron... you ready with our filing proposal? I have pretty graphs
[15:56] {Threei} look at FTBK
[15:56] {Threei} down full buck in a few minutes
[15:56] {dino} zion out w/going concern in report
[15:57] {peterg} at home in easy chair for end
[15:57] {dino} c at 9+
[15:57] {magoo} see..everyone used to 15 minute powerful close..so mother mkt spanks them today
[15:58] {magoo} falls
[15:58] {Threei} -400 again
[16:00] {peterg} so what predicto for tomorro?
[16:00] {magoo} he gets a lunch for every tag
[16:00] {magoo} thasts 3
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} more pain peter
[16:00] {magoo} prediction? PAIN
[16:00] {Threei} thank you all
[16:00] {peterg} Mr T!!
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Bye guys.
[16:00] {Threei} see you tomorrow
[16:00] {peterg} gnite all again
[16:00] {muddleheaded} Bye everybody.
[13:31] {Threei} for a few days now market has this frozen look... drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened. He bravely walked on a brink of chasm while drunk, then sobered up and saw where he was. When he sobers up and sees where he is and gets scared,
he is being torn between two conflicting impulses: one is to back away from the abyss, another is to close his eyes and step right in.
Abyss acts like magnet now... market can resist its pull no more than rabbit can resist snake.
Session Time: Wed Nov 12 00:00:00 2008
[08:47] {magoo} morning...no replay here
[08:47] {Threei} morning
[08:47] {Threei} nothing to rplay... we are in coma
[08:47] {lisa_jay} Hi Vad, Magoo
[08:48] {Threei} lisa :)
[08:53] {magoo} vad, any news FSLR or solars in general?
[08:53] {Geo} gm all
[08:54] {lisa_jay} Hi Geo.
[08:54] {Threei} Geo :)
[08:54] {Threei} JASO reported mags
[08:54] {lisa_jay} Is your computer back up?
[08:54] {Geo} yes :)
[08:54] {Threei} 11/12/08 06:30am
[08:54] {Threei} [JASO] JA Solar Holdings Reports Q3 $0.26 v $0.28e (ex items), R $312.3M v $307.4Me
[08:54] {Threei} - Guides Q4 EPS "about break even" v $0.30e; Rev $191.5-220.9M v 379.7Me
[08:54] {Threei} - Guides Q4 Gross Margin 5-7%
[08:54] {Threei} - Guides FY09 EPS $1.00 v $1.27e; Rev $1.5-1.7B v $1.77Be ($2.0B-$2.2B prior guidance)
[08:54] {Threei} - Guides FY09 Gross Margin at least 16%
[08:54] {Threei} - Guides FY09 annual output expected at 800MW
[08:54] {Threei} - Guides FY09 production capacity to exceed 1GW
[08:54] {Threei} - Q3 Megawatts produced 44.66MW v 102.9MW y/y
[08:54] {Threei} - Q3 Megawatss shipped 43.8MW v 99.1MW y/y
[08:54] {Threei} - Q3 Gross Margin 21.6% v 23.3% y/y
[08:55] {Threei} Russian markets are closed
[08:56] {Threei} I guess they spent more time being closed than open last couple months
[09:10] {Onix} Good morning al
[09:10] {Threei} Onix :)
[09:17] {_maga} morning all
[09:17] {Threei} maga :)
[09:17] {hawkfan4} good morning
[09:18] {Threei} hawk :)
[09:18] {hawkfan4} another morning of rainbows and sunshine in the market i see
[09:19] {Threei} total love-in
[09:19] {muddleheaded} Hi everybody.
[09:20] {Threei} hi muddle
[09:20] {dptl} good morning all
[09:20] {Threei} we need to come up with some version of shortened nick for ya... :)
[09:20] {Threei} dp :)
[09:20] {Threei} see, we shorten even 4-letter nicks
[09:20] {dptl} :)
[09:21] {muddleheaded} mudd is ok :)
[09:21] {Threei} thank you :)
[09:25] {dino} gm all
[09:25] {Threei} dino :)
[09:26] {dino} as in puddle of?
[09:28] {muddleheaded} mudd is short for muddleheaded, too much typing :)
[09:28] {Threei} intend to skip first minutes of trading
[09:28] {Threei} let's see how scared the market is
[09:32] {Onix} very scared it seems
[09:32] {Threei} so far, surely looks this way
[09:32] {lisa_jay} cnqr
[09:33] {lisa_jay} sorry, wrong screen.
[09:33] {dino} hate to say, next supprt8143 1/27
[09:33] {dino} 8,143 dji 10/27, typo
[09:34] {Threei} watching AMZN for short
[09:35] {Threei} close to 44 if gets there
[09:35] {Threei} keep small shares
[09:35] {magoo} watching amzn for long..exit near 44 lol
[09:35] {Threei} if you wanted long, 43.10 break was it
[09:36] {Threei} first weakness from here
[09:37] {Threei} in
[09:37] {Threei} .15
[09:37] {Threei} stop .30
[09:37] {magoo} 09
[09:37] {dawg} in
[09:38] {Threei} market drop
[09:38] {Threei} come on AMZN
[09:38] {Threei} with smaller shares didn't want to scalp
[09:38] {magoo} why is it stronger than naz
[09:38] {Threei} rather aiming for a bigger move
[09:39] {Threei} out
[09:39] {Threei} scalps still rule
[09:39] {dptl} stopped amzn
[09:39] {dawg} stopped
[09:39] {magoo} stopped
[09:39] {lisa_jay} did not take, had to reboot.
[09:42] {magoo} it really lagged the naz vad
[09:42] {Threei} still does
[09:43] {Geo} phew back in blac
[09:43] {KSystems} good morning
[09:43] {Geo} it went and bounced off yesterday's low
[09:43] {Geo} i shorted there.....
[09:43] {Threei} ks :)
[09:44] {Threei} Long Setup: DISH .71 if stays above .60
[09:45] {magoo} GS AAPL still falling...mkt tells
[09:46] {magoo} l aapl here .25
[09:46] {magoo} small 300
[09:46] {dawg} in DISH .71
[09:46] {Onix} in DISH .72
[09:47] {magoo} out here .72
[09:48] {Threei} taking too long, DISH, tighten stop to .65
[09:51] {Geo} half out
[09:52] {Threei} half out .85
[09:52] {dawg} half out .84
[09:52] {Threei} scalpers have over 1:1
[09:52] {dino} sm l pru .30, stop .89
[09:53] {Threei} stop to .69 for the balance
[09:55] {dino} pru stop to .19
[09:55] {Threei} Long Setup: APLO small shares .31
[09:55] {dino} tighten to flat
[09:55] {Threei} stop under 70
[09:55] {Threei} APOL
[09:55] {Threei} sorry
[09:56] {Geo} out .20 Ty vad
[09:56] {Geo} 20 cents i mean
[09:57] {Threei} DISH?
[09:57] {Geo} y
[09:57] {Geo} actually .17
[09:57] {Geo} lol
[09:57] {Threei} yeah, I was wondering
[09:58] {Geo} got hit at .86
[09:58] {Threei} thought your math was even worse than my spelling but then decided it wasn't possible
[09:58] {Geo} i thought i had oferred .89
[09:58] {Geo} heheh
[09:58] {Threei} APOL invalidated
[09:58] {lisa_jay} Thanks Vad, got .14 and .13 on DISH.
[09:59] {Threei} welcome
[10:00] {dino} lay out on prui .70 area imo
[10:00] {dino} pru
[10:02] {dino} out pru .70, +.40
[10:03] {dino} too soon
[10:05] {Threei} stop to .73 for DISH balance
[10:05] {lisa_jay} Target Vad?
[10:05] {Threei} not that 4 cents make much difference, just want to do things by the book
[10:05] {Threei} depends on the way it trades lisa
[10:06] {Threei} no hard number in mind, going to read it on the go
[10:06] {Onix} ty Vad, i all out DISH @ .88
[10:06] {Threei} welcome
[10:07] {Threei} no crying if it goes higher - I, in exchange, promise nopt to cry if the balance gets stopped out
[10:07] {dawg} i am with you on that
[10:07] {Onix} deal
[10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:08] {Threei} and take his wrath as a man
[10:11] {magoo} APOL valid?
[10:12] {Threei} not sure about this one
[10:12] {Threei} charts look fine, just a bit too jerky
[10:12] {peterg} morning all
[10:12] {peterg} late start
[10:13] {Onix} hi peter
[10:13] {peterg} in anytrhing?
[10:14] {Threei} peter :)
[10:14] {Threei} 1/4 more out DISH
[10:15] {Threei} 12.02
[10:15] {Threei} +.30
[10:15] {Onix} wtg
[10:15] {dawg} out 1/4 more dish
[10:15] {lisa_jay} Great job Dawg.
[10:15] {Threei} stop for the last portion is .84
[10:15] {dawg} OK
[10:15] {Threei} now... onix...
[10:16] {Threei} go ahead and fulfill your part of the deal
[10:16] {dawg} Thanks Lisa you made some on this one also right?
[10:16] {Onix} i want to cry, but i won't
[10:16] {Threei} no, not that oner
[10:16] {Threei} this one:
[10:16] {Threei} [10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:16] {Threei} [10:08] {Threei} and take his wrath as a man
[10:16] {Onix} how do i slap someone?
[10:16] {lisa_jay} Yes Dawg. But not following like textbook.
[10:16] {magoo} do NOT devulge secret slap vad
[10:17] {Threei} highlight his nick... right click
[10:17] {Threei} sorry mags
[10:17] {Threei} I am obliged to
[10:17] {lisa_jay} Paulson in 15 min.
[10:17] {dawg} Just following Vad along on DISH
[10:17] {Threei} it's included in support by RT
06[10:17] * Onix slaps magoo around a bit with a large trout
[10:17] {Threei} people have right to learn how to trade and how slap their neighbor
[10:17] {Geo} i thought slap was an extra subscription
[10:18] {peterg} thats for steel boots
[10:18] {Onix} sorry magoo, a deal is a deal
[10:18] {Geo} oh
06[10:18] * Geo slaps peterg around a bit with a large trout
[10:18] {peterg} hey
[10:18] {Threei} out last portion
[10:18] {dawg} stopped last 1/4 DISH
06[10:18] * peterg slaps Geo around a bit with a large trout
[10:19] {dawg} Thanks Vad great call
[10:19] {Geo} yup..... .75 daily here... lord vader
[10:19] {Geo} i sneaked bounce of yes low resistance in amazon
[10:21] {peterg} lkg at qqqq, aapl, is market setting itself up in tight bands again?
[10:21] {peterg} strangulation effect?
[10:22] {Geo} is that a trading term?
[10:22] {peterg} nah, imported from shrinkology
[10:22] {Geo} or what my wife does to me
[10:22] {peterg} right
[10:25] {lisa_jay} Vad, LLTC a valid set up break of .60, with stop under .48?
[10:25] {lisa_jay} Thanks.
[10:27] {Onix} one of those days where nothing happens every 5 mnutes
[10:28] {Threei} lisa, chart wise yes
[10:28] {dino} feels like death to me, sitting aside
[10:28] {Threei} market is not very friendly to this kind of setups right now
[10:28] {dino} markets that is
[10:28] {Threei} I would skip it
[10:28] {lisa_jay} Trying to learn the setups..not trading anything with Paulson coming on.
[10:28] {Threei} right
[10:29] {lisa_jay} Thanks Vad.
[10:31] {Chaeron} Good morning all... had inet probs... miss much?
[10:31] {lisa_jay} Hey Chaeron.
[10:31] {Onix} hi Chaeron
[10:31] {Chaeron} hi LJ
[10:31] {Chaeron} Onix :)
[10:32] {Chaeron} everyone just waiting for Paulson?
[10:32] {Threei} chaeron :)
[10:34] {dptl} s sbux .39 stop .52
[10:35] {Chaeron} Paulson speaking
[10:36] {dawg} bounce scalp UAUA 11 cents
[10:37] {Onix} gj
[10:38] {dawg} Thanks Onix trying learn everything I can from everyone
[10:39] {dino} gj dawg
[10:39] {Threei} careful dawg... I tried to learn from magoo how to tie up my shoelaces
[10:39] {Threei} guess what
[10:39] {Threei} tripped over them three times yesterday
[10:40] {dawg} LOL!
[10:40] {dawg} Thanks Dino you have a good one in PRU if i remember right
[10:43] {Onix} hope does not help much in these markets, but i took one more day off today to see if i can make some $$$ and learn some more
[10:44] {KSystems} what do you usually do?
[10:44] {Onix} i have a full-time job as a greenhouse manager with the UBC in Vancouver
[10:45] {KSystems} oh cool
[10:45] {magoo} btw onix, u seemed to learn the trout pretty well
[10:45] {Onix} i have this wierd hope of retiring soon as a full-time trader
[10:45] {Geo} interesting job ONIX
[10:46] {Geo} maybe ill visit to lear !
[10:46] {Onix} ty
[10:46] {Geo} learn
[10:46] {hawkfan4} BBY .26, stop 21.95
[10:46] {Onix} bbby?
[10:47] {hawkfan4} bby, best buy
[10:47] {Onix} ok
[10:48] {hawkfan4} stop .19 now
[10:49] {KSystems} k
[10:49] {KSystems} oops sorry
[10:50] {Geo} anyone figure out what _OWL trying to say?
[10:51] {Onix} anyone having feed problems at the moment with Laser?
[10:51] {dawg} in BBY .28 hawk where do you have your sell stop?
[10:51] {Threei} looks OK onix
[10:51] {Onix} thanks
[10:51] {hawkfan4} .19 dawg, keeping it tight today
[10:51] {Onix} quote & chart servers?
[10:52] {dawg} ok thanks hwk
[10:52] {hawkfan4} np
[10:52] {dawg} hawk
[10:52] {dino} mcd
[10:52] {dino} sm l .00, stop lod
[10:52] {Threei} quote 16
[10:52] {Threei} chart 1
[10:52] {lisa_jay} Nice Hawk and Dawg.
[10:53] {Onix} ty Vad
[10:53] {dawg} hawk called this one
[10:54] {dawg} out half .47 BBY
[10:55] {dawg} +.19 Thanks Hawk
[10:55] {hawkfan4} nice :)
[10:56] {magoo} cramer such an ass..now saying treacherous mkt and u don't need to be in at all
[10:56] {Onix} Laserdave not in chatroom today?
[10:56] {magoo} he was just buy..buy...buy...friday'
[10:57] {hawkfan4} he's certifiable mags, in 2 hours he'll be a raging bull again
[10:58] {hawkfan4} FMCN .15, stop .95. risky
[10:58] {Threei} watching QQQQ for long
[10:58] {Threei} support .40
[10:58] {Threei} entry point is not very clear
[10:59] {Threei} .57 is a bit too far
[10:59] {Threei} I'd like more aggressive entry with tighter stop
[11:00] {Threei} if you like the idea of trade, grab it on any pulllback
[11:00] {Threei} stop under .40
[11:00] {Threei} target is between .60 and .70
[11:00] {Threei} first strength from here
[11:01] {Threei} nice tight stop
[11:01] {Threei} minimal damage if no worky
[11:01] {dawg} in Q's .45
[11:01] {dptl} in .46
[11:01] {magoo} i know hawk..and his followers have time frame of much more than day..so he puts them in AAPL 110...tells them get out 92
[11:02] {dptl} out
[11:02] {Threei} no worky
[11:02] {dawg} out
[11:02] {muddleheaded} What is the minimum amount of volume on a stock needed before a call is made by anybody in this room?
[11:02] {Chaeron} -.08 on Q's
[11:03] {dawg} out last 1/2 BBY .47 Great call Hawk Thank you much!
[11:03] {magoo} i like couple hundred thousand volume
[11:04] {Threei} we don't have formal treshold mudd... jujst generally avoiding low volume pukers
[11:05] {muddleheaded} O.k.
[11:06] {hawkfan4} gj dog, was gonna do the same but spilled my coffee all over my desk reaching for the mouse :)
[11:07] {dawg} i've done that too hope damage wasn't to bad
[11:07] {lisa_jay} Been there so many times that I now need a hammer to move my keybord keys.
[11:07] {dawg} lol
[11:08] {Threei} UAUA
[11:08] {Threei} bounce should be close
[11:08] {hawkfan4} lol :) missed the important stuff, just need to change my pants
[11:09] {dawg} good!
[11:10] {Threei} .51 long if holding above .30
[11:11] {magoo} man vad...look at DISH chart
[11:11] {Threei} wow
[11:12] {Threei} we exited 2 cents under day high
[11:12] {Chaeron} uaua... whoops
[11:13] {Onix} yes, that was a good one for you guys
[11:13] {Onix} and i am still not crying
[11:14] {Chaeron} (everytime I see UAUA, I think of the song "Louie, Louie"... you know: Lou aay, Lou aay, whoooa, oh... We gotta go"
[11:14] {Threei} lol
[11:14] {Onix} :)
[11:14] {lisa_jay} Duran Duran...Toto?
[11:17] {Chaeron} Kingsmen I think
[11:17] {dawg} long DISH .50 stop .44
[11:20] {Threei} US TSY PAULSON: $700B NUMBER FOR BAILOUT STILL ENOUGH FOR FINANCIAL MARKET ASSISTANCE
[11:20] {dino} mcd stop to .39
[11:21] {Threei} what is truly shocking about this whole mess - constant non-ending barrage of new and new hits and speed with which they are coming
[11:22] {Threei} as soon as powers that be sell another 'fix", new problem jumps right from around the corner
[11:22] {KSystems} any idea how long this is going to last?
[11:22] {Threei} haha
[11:22] {KSystems} I mean...when are stocks going to be priced like they were before the crisis?
[11:22] {KSystems} you're invited to laugh again
[11:23] {Threei} :)
[11:24] {Threei} see, major problem as I see it is inevitabledebt contraction
[11:24] {Threei} much of "prosperity" was build on a shaky foundation of debt
[11:24] {Threei} built
[11:25] {Threei} a lot of spending was based on disposable income which, in tunr, was based on debt
[11:26] {Threei} This whole mechanism has collapsed now
[11:26] {Threei} new spending will be built on more realistic leverage
[11:27] {Threei} thus, by definition, will be mcuh more restrained
[11:27] {Threei} so, market is sorting out now who will survive,
[11:27] {Threei} who will collapse,
[11:27] {Threei} who will prosper
[11:28] {dino} dino's gut says we end around 7000 dji
[11:28] {Geo} there is an interesting article by a guy who wrote liar's poker.....
[11:29] {dino} good book
[11:29] {Geo} http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
[11:30] {Geo} profiles a couple of guys who couldnt believe what was going on and shorted the investment banks.... and were encouraged to do so by the banks themselves
[11:35] {dino} out mcd .39, +.39
[11:35] {lisa_jay} Wow.
[11:35] {Onix} wtg dino
[11:35] {dawg} gj Dino
[11:39] {KSystems} thanks for your assessment of the situation Vad
[11:40] {Threei} shesh
[11:40] {lisa_jay} UAUA getting sold off hard.
[11:40] {Threei} hesitated to call UAUA short on 10 breakdwon
[11:40] {Threei} :(
[11:40] {lisa_jay} Tanked after it broke.
[11:41] {magoo} now a vadism..."why hesitate? u see a setup..u take it..it worx or stop...next"
06[11:43] * Geo slaps Threei around a bit with a large trout
[11:43] {dino} ok, big bet w/magoo. i say -400 dji before we go to -100 dji, he's other side
[11:43] {dino} lunch
[11:44] {Threei} I have this feeling in my stomach that we'll be lucky if -400 is all for today
[11:44] {dino} and ty dawg, onix, lisa
[11:44] {Threei} and if we get any sizeable bounce
[11:44] {dino} great miinds think alike, i said to magoo -500 coming, but if we bet i'll take -400
[11:45] {dino} apathy feeling in markets today
[11:45] {Onix} yes, looks like 3rd down day in the next leg down?
[11:45] {Threei} with panic sprikled on top
[11:45] {Onix} lol
[11:47] {Threei} QID looks to me like going over 71 in a hurry
[11:47] {magoo} 71??
[11:47] {Threei} 79
[11:48] {magoo} u like my vadism?
[11:48] {Threei} why wouldn't I... I invented it :)
[11:48] {Geo} comeon vad........ he is asking
[11:49] {Threei} ECB'S STARK: THE FINANCIAL CRISIS IS "WRECKING HAVOC," DIFFICULT TO ASSESS ECONOMIC OUTLOOK
[11:50] {Threei} KS... another scary thing is (although in a certain perverted sense it's encouraging),
[11:50] {Threei} there is no place in the world that would remain relatively safe in this environment
[11:51] {lisa_jay} Dawg, DISH still hold tight.
[11:51] {Threei} here is my 79
[11:51] {tomg} ty qid vad
[11:52] {Threei} tom :)
[11:52] {dawg} Watching paint dry Lisa still in
[11:54] {dptl} me too long at.52 dish
[11:54] {dawg} Good dptl
06[12:01] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * Geo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps Geo around a bit with a large trout
06[12:02] * laserdave1 slaps Geo around a bit with a large trout
06[12:02] * magoo slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * Geo slaps Chaeron around a bit with a large trout
[12:02] {Threei} dave... can you translate what laser guys posted in chat?? :)
06[12:02] * magoo slaps Onix around a bit with a large trout
[12:02] {Onix} something fishy going on here
[12:03] {Onix} ty magoo
[12:05] {Threei} I don't want to initiate any position here, volume died down
[12:05] {Threei} sideline
[12:05] {Threei} so... what can be done at all about GM?
[12:05] {Threei} failure puts about 3 mil jobs on the line
[12:06] {Onix} someone pulled up the emergency brakes?
[12:06] {Threei} not an option
[12:06] {Threei} how do you save it qwhen no one buys cars?
[12:07] {Onix} quite a headache hey?
[12:07] {Geo} QCOM getting pounded
[12:07] {Threei} understatement of the century...
[12:07] {Threei} all the discussions about bailing it out, I just can't understand how
[12:08] {Threei} give it money? what does it solve?
[12:08] {Onix} but next in line at the government window must be the airlines hey?
[12:08] {Threei} they'll burn through it in a few months, what's next?
[12:09] {Onix} government going to keep pumping money into GM etc?
[12:09] {Onix} as you, how can they just keep doing that?
[12:09] {Onix} rather let them go into chapter 11 and re-organize
[12:09] {Threei} current level of sales simply can't sustain the comapny
[12:10] {Geo} tought to happen as abama need to pay his dues to UAW
[12:10] {Threei} QCOM
[12:10] {Threei} CEO: COMPANY STOPPED NEW HIRING, PHONE MAKERS CUT ORDERS 'DRAMATICALLY' TO LOWER INVENTORY
[12:10] {Threei} - notes there is uncertainty in forecast
[12:13] {Onix} they call it the credit crisis
[12:13] {Threei} market is looking into abyss
[12:13] {Onix} so everything bought on credit is in real trouble with so many people losing their jobs
[12:13] {Threei} and when you do that for too long, abyss starts looking back at you
[12:14] {Geo} thats deep vad
[12:14] {muddleheaded} Anybody watching anything?
[12:14] {Threei} I want peter to be proud of me
[12:14] {Geo} in NTAP
[12:14] {Onix} deep insight or deep abyss?
[12:14] {Geo} deep abyss
[12:15] {dino} when staring into the abyss, thats when you find your charactor
[12:15] {dino} wall st
[12:16] {Threei} QID worth a try here again
[12:16] {magoo} long short?
[12:16] {Threei} long
[12:16] {muddleheaded} Geo, are you short NTAP on earnings or did you buy for a bounce?
[12:21] {dawg} short Q's .20 break
[12:22] {dawg} stop .31
[12:23] {peterg} vad, I very proud!
[12:23] {Geo} short since......24 mudd
[12:23] {Geo} 11.24
[12:23] {Threei} thatnk you
[12:24] {Geo} stopped QID..... am glad small shares
[12:26] {Geo} off to work.... TY all
[12:26] {dawg} stopped Q's -11 cents snall lot
[12:26] {Onix} me chicken, e don't do QID any more
[12:28] {lisa_jay} Me busy rading Power Puff grisl and Elmo
[12:28] {lisa_jay} So no QID.
[12:28] {peterg} pretty breathtaking moves on qid
[12:28] {peterg} I like Elmo
[12:31] {peterg} almost made typical mistake of buying on trend without setup
[12:31] {peterg} market loves to give pain then
[12:31] {peterg} qid of course
[12:34] {Onix} yes, jumping in without valid setup, calls for pain more often than not for me
[12:36] {dino} we shall call those the mr. t trades
[12:36] {lisa_jay} I have made a lot of Mr. T trades in my time.
[12:36] {peterg} you mean, like, okay, foo? (fool in mr t talk)
[12:36] {lisa_jay} Lol..Mr.T
[12:37] {dino} met sm l .00, stop .72
[12:39] {dino} peter, yes, and "what's your prediction on the fight mr.t? painnn"
[12:40] {peterg} riiiight
[12:40] {dawg} in met .04
[12:41] {dino} thinking intial target .44ish
[12:41] {dawg} ok bowels getting lose here
[12:41] {dawg} loose too
[12:41] {dino} nasty
[12:42] {Threei} nice MET
[12:42] {dawg} Dino call
[12:42] {Onix} good call dino
[12:42] {dino} use pru as your tell vad
[12:42] {dawg} out .43
[12:42] {dino} gj
[12:43] {dino} stop to .39
[12:43] {dawg} Thanks Dino great call!
[12:43] {dino} lucky gog
[12:43] {dawg} Direct Hit
[12:43] {dino} dog
[12:43] {dawg} .)
[12:44] {peterg} fabuloso dino and thanks.
[12:44] {dino} tighten to .45
[12:44] {peterg} in and out 2x, gainers both
[12:44] {dino} out +.45
[12:45] {peterg} course, first exit was clumsy mistake
[12:45] {dino} just lucky guys, glad to help
[12:45] {dawg} +35
[12:45] {Threei} PRU, if market helps, should reverse off .50
[12:45] {dawg} +35
[12:47] {dawg} get off the pipe dawg
[12:47] {dawg} in PRU 28.50 long
[12:48] {Threei} market's still selling, dawg, keep it tight
[12:48] {lisa_jay} stop vad?
[12:48] {dino} watch market
[12:48] {Threei} a bit premature entry, IMO... but keep stop under .40
[12:49] {lisa_jay} Best entry would be?
[12:49] {lisa_jay} Or better, thanks.
[12:49] {dawg} stopped PRU
[12:49] {Threei} it's not nyumbers
[12:49] {Threei} it's market direction
[12:49] {lisa_jay} Not in.
[12:49] {dino} they move w/dji
[12:50] {Threei} right
[12:50] {lisa_jay} Ok thanks Vad, Dino.
[12:50] {Threei} levels of support/resistanve are for watching around them, not for entry per se
[12:50] {dawg} OK learned on that one then
[12:55] {Threei} JPM CEO: DE-RISKING BEAR STEARNS BALANCE SHEET COST ABOUT $10B MORE THAN EXPECTED - CONF PRESENTATION
[12:55] {Onix} surprise!
[12:56] {dino} shocker
[12:56] {dawg} PRU in .27
[12:56] {dino} chic
[12:56] {peterg} new word: de-risking
[12:56] {dawg} bounce scalp
[12:57] {dino} thinking short
[12:57] {dawg} out .34 + 6 cents
[12:57] {dino} gj, sorry i was talking chic
[12:58] {dino} buyout 9
[12:58] {dawg} its OK probably getting a little loose here anyway but its working
[13:02] {dawg} in PRU .23
[13:03] {dawg} too slow stopped PRU
[13:08] {dptl} ftbk???
[13:09] {Threei} gosh
[13:09] {Threei} dp, you are scaring me
[13:09] {Threei} why scream
[13:09] {dptl} :)...i scare my self
[13:10] {dptl} and qqqq at .50 may be
[13:10] {Threei} looks like, yes
[13:11] {Threei} very strange market here I must say
[13:11] {dino} as opposed to?
[13:11] {Threei} lol
[13:11] {peterg} warm and friendly, cuddly market
[13:11] {dino} pretty much the normal since sept. 1st
[13:12] {KSystems} probably its not the market but us
[13:12] {Threei} todays is stranger
[13:12] {peterg} retek nart dardlep
[13:12] {Threei} slow drift down,,, slow drift up...
[13:12] {muddleheaded} Does anybody use pivot points on the indices?
[13:12] {Onix} its all slippery with blood with the bulls and bears fighting so much
[13:13] {Threei} lol onix
[13:13] {Threei} as general idea of support/resistance levels, mudd
[13:18] {dino} intra-day and natural ones
[13:18] {Onix} what you think of KG Vad?
[13:19] {Threei} .50 if holding above .40 would be a standard play
[13:19] {Threei} I just don't trust it
[13:19] {Onix} ty
[13:20] {lisa_jay} FISV?
[13:20] {magoo} KG? pretty good basket ball player
[13:20] {Threei} same thing, only more volatile and risky
[13:21] {peterg} he left minnesota for boston
[13:21] {lisa_jay} Ok, thanks Vad.
[13:21] {Onix} just what you sid Vad, look at KG now!
[13:21] {Onix} said
[13:22] {dino} mkts dropping imo
[13:22] {Threei} yikes
[13:23] {magoo} jesus..does paulen even get a bathrm brteak lol
[13:23] {KSystems} is he still speaking??
[13:24] {Onix} his full-time job is to prop up the markets, didn't you know?
[13:24] {magoo} oh..i looked up..guess it was news story
[13:24] {Threei} lol
[13:24] {dino} and he does a terrible job at it. should just hire a motivational speaker
[13:25] {Onix} :)
[13:26] {dino} brb
[13:27] {Threei} dino may have figured it out
[13:27] {Threei} market needs Tony Robbins
[13:28] {Onix} i think rather Robbin Williams
[13:28] {KSystems} LOL
[13:31] {Threei} for a few days now market has this frozen look
[13:32] {peterg} snow on ground in MN -- could be a connection?
[13:33] {Threei} drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened
[13:33] {Onix} lol
[13:33] {magoo} see..even u have become lulled and complacent..this USED to be a big down day..280 down
[13:33] {Threei} bravely walked on a brink of chasm while drunk,
[13:33] {magoo} now its no big deal
[13:33] {Threei} sobered up and saw where he was
[13:34] {Threei} it's not even about the size of red mags...
[13:34] {peterg} So, maggers, what does it all mean?
[13:34] {Threei} it's the fashion in which it's done that creates this wierd feeling
[13:34] {Threei} to further my analogy and try to explain what I feel...
[13:35] {Onix} smart money is either all out already, or they can not make up their mind
[13:35] {Threei} when he sobers up and sees where he is and gets scared,
[13:35] {peterg} then
[13:35] {peterg} he
[13:35] {Threei} he is being torn between two conflicting impulses
[13:35] {Threei} one is to back away from the abyss
[13:36] {Geo} back
[13:36] {Threei} another is to close his eyes and step right in
[13:36] {Onix} all aboard? ... going down!
[13:36] {Geo} we in anything?
[13:36] {Threei} no
[13:36] {Onix} nope
[13:36] {Geo} thanks
[13:36] {Threei} seriously guys
[13:36] {Threei} I am not trying to be cute
[13:36] {peterg} Captain of balloon ride in colorado explained to me my fear was from my wish to jump
[13:36] {Threei} (not that I have any chance to succeed in that)
[13:37] {peterg} Im following you vad
[13:37] {Threei} this is how I feel watching market last few days
[13:37] {Onix} too much vodka?
[13:37] {Threei} sigh... I have no chance to be taken seriously, do I :)
[13:38] {Onix} lol
[13:38] {Onix} sorry, i agre with you, it is real stange these last few days in the markets
[13:40] {dino} feels like nobody cares...apathy
[13:40] {peterg} My bellweather stock, GE, is tanking further
[13:41] {Onix} i don't hope it is going to be like this for the next 69 days until Obama takes the reigns
[13:41] {peterg} Sold this summer.
[13:41] {peterg} If its like this, Onix, you
[13:41] {Threei} dino... strikes me as
[13:41] {Threei} ummm
[13:41] {peterg} will have to keep your day job
[13:41] {Onix} so true
[13:41] {dino} yes?
[13:42] {Threei} not apathy but rather being horrified of inevitable
[13:42] {Threei} scared to death of it,
[13:42] {Threei} scarewd to face it,
[13:42] {Threei} and not seeing any way to avoid it
[13:42] {peterg} who said, "the horror, the horror...."?
[13:42] {peterg} anyone?
[13:42] {dino} apocolaspse(?) now
[13:42] {peterg} rihngt
[13:43] {peterg} from book
[13:43] {peterg} by conrad
[13:43] {Threei} all thinkable lifelines thrown in, used up and didn't help
[13:43] {hawkfan4} Col. Kurtz
[13:43] {peterg} heart of darkness
[13:43] {Geo} rumor is..... being paid to wait till jan 20
[13:43] {peterg} yes yes!
[13:43] {Geo} lol
[13:43] {peterg} so maybe vad it is just too awful even for us to think about
[13:44] {peterg} lost in space
[13:44] {Threei} well, our advantage is ability to control risk
[13:44] {Threei} stay away if needed
[13:44] {dino} the way i see it, they must let capitalism work, so ineviably bankruptcies must occur, bondholders must be paid off, not in principle, but new stock, and contracts must be broken. then start over
[13:44] {peterg} yup
[13:44] {Threei} cut losses short if needed
[13:44] {Threei} grab obvious profits when they are there
[13:44] {Threei} exactly what we did these lat few days
[13:45] {peterg} good, but difficult for a young seventeen year old like myself
[13:45] {dino} yes vad, it is a daytraders world for now
[13:45] {Threei} I am afraid in today's situation it's not going to happen dino
[13:45] {Threei} not with incoming administration
[13:45] {dino} agreed, thats why it will take twice as long
[13:45] {Threei} not after all these endless bailouts
[13:46] {peterg} where does this money end up?
[13:46] {Threei} they will dig deeper and deeper hole in hope to make another generation pay for it
[13:46] {dino} north korea closing border jan. 1st. another obama test in the making
[13:46] {peterg} truly the curse of living in interesting times
[13:46] {Threei} really, do you see new prez ditching UAW?
[13:46] {peterg} not going to happen
[13:46] {peterg} apparently
[13:47] {peterg} detroit has been a pit for forty years or more
[13:47] {peterg} sorry if i offend people
[13:47] {dino} you don't
[13:47] {Threei} light at the end of the tunnel for us is
[13:47] {dino} not me at least
[13:47] {peterg} gotcha
[13:47] {Threei} [13:46] {peterg} where does this money end up?
[13:47] {peterg} ya
[13:47] {Threei} that's what will work eventually for us as traders
[13:48] {Threei} trillions on a sideline
[13:48] {peterg} ahhah
[13:48] {Threei} sooner or later they will pour in
[13:48] {Threei} and prop the markets in bull frenzy
[13:48] {Threei} timing is tough but it will be well worth the wait
[13:48] {peterg} back to dino
[13:49] {peterg} jungle image
[13:49] {peterg} correct
[13:49] {Threei} we got first taste of it on days when market did 1000 points green
[13:49] {lisa_jay} sigh..FISV, would have gone to 32.85 if i had bought.
[13:49] {lisa_jay} oh well.
[13:49] {Threei} shrug it off lisa... was random one
[13:49] {Threei} 50/50
[13:49] {lisa_jay} Yes, learning to read patterns though. Thanks.
[13:50] {peterg} lisa, you are inspriation tolazy me to learn patterns.
[13:50] {lisa_jay} Actually got it from Dawg.
[13:51] {peterg} Thanks all o yez
[13:51] {dawg} dogs back on the pipe
[13:51] {peterg} smokin?
[13:51] {lisa_jay} Hot.
[13:51] {dawg} but thanks Lisa
[13:52] {peterg} back in hr. Nobody make money til then.
[13:52] {lisa_jay} With the market the way it is, you can wake us up when you get back.
[13:54] {Threei} abyss is a magnet
[13:54] {lisa_jay} yes
[13:56] {dino} lod coming
[13:56] {Threei} today shapes up as one of those days
[13:56] {Threei} serously exceeding "normal - 300"
[13:57] {Threei} you are going to win that bet with magoo, dino
[13:57] {Threei} to quote outgoing prez... "this sucker is going down"
[13:58] {Onix} lol
[14:00] {Onix} but if market goes down much more, government will have to start bailing out pension funds as well
[14:01] {Threei} you know... as far as big economic picure is concerned, I just don't have any points of reference to try and create any kind of forecast
[14:02] {Threei} unfortunately, events show neither do decision-makers
[14:02] {Threei} I mean, what does collapse of this and that and that implicate?
[14:02] {Threei} when GM, F, MS, GE are down and out,
[14:02] {Threei} when pnesion funds are ruined
[14:03] {Threei} whart happens next?
[14:03] {dino} pension funds are already insured by govt., pension guanatee assoc.
[14:03] {Threei} this is where I have major troubles dino
[14:03] {dino} annuities just got tarp, think insurors
[14:03] {Threei} who insures the govt?
[14:03] {Onix} maybe that is what is was like recovering after WWI & II?
[14:03] {patience} my theory is businss becomes predominantly foreign owned in the U.S.
[14:04] {Threei} what happens when the govt that insures everyone goes bust?
[14:04] {dino} printing presses do 3i, we will be shorting dollar and bonds very shortly
[14:04] {patience} u.s. taxes have to go up to pay today's promises
[14:04] {KSystems} Look at Iceland, its happened there
[14:05] {Onix} if states like California can go bust, then the whole UA can also go bust
[14:05] {Threei} I don't know about foreign ownership... seems the rest of the world has it even worse than US
[14:05] {Onix} new world leader (China) will emerge
[14:06] {Threei} this I truly doubt
[14:06] {lisa_jay} qqqq's at lower end of the channel.
[14:06] {dino} you are clouded by silly academic ideas (w/respect intended). the politicians and bankers know the only way out is to inflate it away. right now dollar and bonds are going up, but to pay it off "cheaper", we must print around the clock, de-valuing bonds, dollar, etc. so if dolar drops 30%, we save $200 billion...see
[14:07] {Threei} this I understand dino
[14:07] {Threei} what I don't is,
[14:07] {dino} they understand this, and joe sixpack keeps his (no 30% less) pension
[14:07] {Threei} devaluation of dollar relative to what?
[14:07] {Threei} whole world has to print
[14:07] {Threei} and inflate the way out of problem
[14:07] {dino} gold, oiul, china, etc
[14:07] {dino} oil
[14:08] {dino} another commodity boom in the making imo
[14:08] {dawg} short Q's .06 out .94 for a dime scalp
[14:08] {Onix} we are going to press the reset button and start from scratch
[14:09] {dino} hmmm, again w/respect intended.....do not over think it, inflation is coming soon. obama will be dealing w/carter like environment. rates
[14:11] {dino} cycles are just coming faster these days, imo
[14:11] {Onix} we are fairly protected up here in Canada from all the economic turmoil at this stage
[14:11] {Onix} but i feel real sorry for all the millions losing their jobs in the USA
[14:12] {dino} don't misunderstand me. there will be plenty of opprtunities
[14:12] {dino} ty onix
[14:14] {lisa_jay} Nice one Dawg.
[14:14] {Threei} market does go down as we foresaw... problem is, I can't find safe entry points
[14:15] {dino} same problem, my mind resists shorting when down 750 dji points since fri close
[14:15] {dino} 8.5%
[14:15] {Threei} what a mess
[14:16] {dino} agreed
[14:18] {dino} -1,295 since close on election day, or13.5%
[14:19] {dawg} bounce scalp C in .84 out .96
[14:19] {Onix} anybody with a cristal ball to tell us what time the day-traders are going to start to cover their shorts today?
[14:19] {dptl} vvus .51 long ?
[14:22] {dawg} in C short .98 for a scalp
[14:22] {Threei} VVUS, I doubt it
[14:26] {dawg} stopped C -7 cents
[14:27] {Threei} GE
[14:27] {Threei} APPROVED TO OFFER FDIC INSURANCE ON $139B IN DEBT, GE CAPITAL ELIGIBLE FOR EXPANDED PROGRAM
[14:27] {Threei} is this what propped the market just now?
[14:28] {dawg} short C .04 for a scalp
[14:33] {dawg} stoppped C -8 cents
[14:33] {Threei} -4 you mean?
[14:34] {dawg} in at 04 and stopped at .12
[14:34] {Threei} oh, I see... didn't saw it spiking there
[14:34] {dawg} Yes reversing
[14:35] {dawg} but only trading small lot of 200 shares
[14:39] {dino} press conference coming..."all americans to get $50k in cash to stimu;late economy" just kidding, but might be cheaper current stategy
[14:40] {Threei} why limit it so severely
[14:40] {dawg} lol
[14:40] {Threei} I'd suggest including canadians
[14:40] {Threei} maga, Italy, right?
[14:41] {Threei} KS, germany?
[14:41] {KSystems} yep
[14:42] {Threei} Chaeron, cosmo and geo will probably insist on including California
[14:42] {Threei} now, that I'll object to
[14:43] {Geo} ou can leave california out
[14:43] {Geo} just give it to me
[14:44] {Geo} and chaeron too...
[14:44] {dino} lol
[14:51] {Chaeron} thank you Geo... I think you're on to something... give it all to me and Geo and we will distribute among our friends... I don't have any friends tho Geo, do you?
[14:51] {Threei} you wealth distributor
[14:51] {Geo} only you cheron
[14:51] {peterg} back. reviewed log. some up/dn. Last hour, lets really make money
[14:51] {Geo} you and me
[14:52] {lisa_jay} Vad, just for educational purpose, would FISV be an inverted c & h? with .00 break down? Thanks.
[14:53] {Threei} yup
[14:53] {Threei} also, head and shoulders
[14:54] {lisa_jay} Stop .15
[14:54] {Onix} on 1 min or 5 min?
[14:54] {Threei} korrekt
[14:54] {lisa_jay} 1min
[14:55] {Threei} one more leg down is coming
[14:58] {Geo} ne calls vad?
[14:59] {dawg} short C .92
[14:59] {Threei} tough proposition geo
[14:59] {Threei} general direction is relatively easy
[14:59] {Threei} a lot of short-lived rallies are very hard to time
[14:59] {Geo} yeah..... i got rinsed on QID and one more... cant remember.....
[14:59] {Geo} convinient memory :)
[15:00] {dawg} out C .81
[15:00] {Threei} finally dawg
[15:00] {Threei} nailed it
[15:00] {dawg} +10 cents Thanks Vad for general direction
[15:00] {peterg} nice
[15:01] {dawg} thanks Peter
[15:01] {lisa_jay} 1:1 fisv...did not take :-)
[15:01] {dawg} Took awhile but your general direction give me courage
[15:02] {Onix} paper trading does help lisa :)
[15:02] {lisa_jay} Yes, if i was in the position, we would be having a huge rally.
[15:02] {Threei} lol
[15:03] {Threei} this kind of paper trades build confidence lisa
[15:03] {magoo} all we need is chaer to short something big...BAM RALLEY
[15:03] {lisa_jay} I hope.
[15:03] {lisa_jay} What do you say Chaeron...for the greater good.
[15:04] {lisa_jay} Lets short something.
[15:05] {Onix} lisa, where do you live?
[15:05] {lisa_jay} CT.
[15:05] {lisa_jay} USA.
[15:05] {Threei} Ct is USA?
[15:05] {dino} hey neighbor!, well sort of
[15:05] {Threei} at least one town in it is not
[15:06] {Onix} CT also stands for Cape Town South Africa
[15:06] {lisa_jay} Yeah, Dino, Magoo...often visit PA..are you near Horsham?
[15:06] {dino} 2 hours north
[15:07] {Threei} -350
[15:07] {dino} 50 pts and lunch tomorrow on magoo
[15:07] {dino} you see, magoo and i have ability to freeze markets in small ranges, our bet did just that for hours
[15:08] {lisa_jay} lol
[15:08] {Threei} dino... I think new administration will employ you on a spot for that ability alone
[15:08] {dino} roflol
[15:09] {peterg} anybody looking att anything?
[15:09] {dino} but they need to hire magoo too or it won't work
[15:09] {Threei} even that won't stop them
[15:09] {peterg} If nobody can find anything, Im going home early
[15:09] {Threei} peter... my feekling is, last bounce, then royal flush
[15:10] {peterg} time guesstimate?
[15:10] {dino} peter, my feeling is to ask magoo to bring me a brew and call it a day
[15:10] {Threei} 5 minutes
[15:10] {Onix} :)
[15:10] {peterg} wanna short something, as lisa suggested?
[15:11] {Threei} Qs
[15:11] {peterg} magoo, bring me a brew and call it a day
[15:11] {Threei} ADBE
06[15:11] * Chaeron slaps peterg around a bit with a large trout
[15:11] {Chaeron} say please
[15:12] {peterg} pls
[15:12] {Geo} that was easy
[15:12] {Chaeron} Larisa's not here and manners go to heck......
06[15:13] * dino slaps magoo around a bit with a large trout
[15:13] {dino} pay attention magoo, peter wants a beer
[15:14] {peterg} jeez vad, you put em in front of me and i dont take me adbe
[15:15] {peterg} frozen mind
[15:15] {peterg} limbs
[15:15] {Chaeron} move
[15:15] {Chaeron} it's almost 80 here
[15:15] {peterg} where?
[15:15] {lisa_jay} adbe vad, break of .10?
[15:15] {Chaeron} Thailand
[15:15] {Chaeron} teasing... So. Calif
[15:16] {Threei} in this environemtn I prefer shorting bounces lisa
[15:16] {lisa_jay} Ok, Thanks
[15:21] {peterg} i am in antarctic science station studying beer proliferation
[15:21] {magoo} i must apolagize..our bet ruined the trading day both sh opr long
[15:21] {Threei} why... we got a few good ones
[15:21] {Threei} not as many as we want
[15:21] {Threei} but heck
[15:22] {magoo} all BEFORE the bet boss
[15:22] {Threei} oh
[15:22] {Threei} yes, you are right
[15:22] {magoo} what..cant hear u..say ahgain please lol
[15:23] {peterg} hav fun team. Going home, will review log for things said about mkts, me
[15:23] {lisa_jay} Bye Peter
[15:24] {Threei} take care peter
[15:24] {peterg} bye lj, vad
[15:24] {Threei} ADBE works like charm
[15:24] {Threei} Qs too
[15:24] {Threei} flush in progress
[15:24] {peterg} and raven, cosmo dawg dino dptl geo hwk,jmb ksys, ldave, mag mudd, onix patienc tom g maga
[15:24] {dino} cya pete
[15:24] {Threei} 20 points till dino's bet win
[15:25] {magoo} u know how much heeats?
[15:25] {dino} victory, a dish best served cold
[15:27] {dino} wow, kbr at $12 w/$10/share cash
[15:27] {dino} no takeovers tho, because no financing available for them
[15:27] {magoo} hang onnnnnnnnnn dow
[15:27] {dawg} short Q's break of .75
[15:28] {dawg} stop .81
[15:28] {magoo} u gotta have the print or no deal, er um. meal
[15:28] {dino} missed by .80
[15:31] {dawg} stopped Q's - 6 cents 200 shares
[15:31] {Threei} not really right way to enter this kind of selloffs dawg
[15:32] {dawg} what is the right way was waiting for flush
[15:32] {Threei} it dropped into low instwad of consolidating above it,
[15:32] {Threei} this kind is more likely to bounce instead of continue
[15:32] {dawg} ah got it always learning with you
[15:33] {Threei} either wait for bounce into resistance or for consolidation and break
[15:33] {dawg} I was ass backwards
[15:33] {magoo} im gonna win bet
[15:33] {magoo} going green
[15:33] {Threei} green?}
[15:33] {Threei} today?
[15:34] {magoo} yes
[15:34] {magoo} in progreesss
[15:34] {Threei} if that is what you bet on, I'll bet on dino's bet
[15:34] {Threei} any leverage you wish :)
[15:34] {muddleheaded} Any thoughts on FTBK?
[15:35] {Threei} FTBK is moving on this:
[15:35] {Threei} 11/12/08 10:12am
[15:35] {Threei} [FTBK] Frontier Financial Announces Status of Treasury Capital Purchase Program Application
[15:35] {Threei} - indicated they have filed an application for the Capital Purchase Program announced by the Treasury. The deadline to file the application is November 14, 2008. At this time, Frontier's application has neither been denied nor approved by their federal regulators or the Treasury.
[15:35] {magoo} dino is ranting non stop"how can it not print 400 down..."
[15:36] {muddleheaded} Thanks.
[15:36] {Threei} they are denied, it drops 2 bucks faster than traders blink
06[15:36] * magoo slaps Threei around a bit with a large trout
[15:36] {magoo} vadf acts like hes running the room or something he he
[15:37] {Threei} gosh, it's what, 18 points till 400?
[15:37] {Threei} it will eat those 18 points in two shakes of lamb's tail
[15:37] {Threei} lol
[15:37] {Threei} 10 points
06[15:37] * Geo want to just eat the lamb
[15:38] {muddleheaded} TSX is worse off.
[15:38] {Threei} how much down?
[15:38] {magoo} u half empty guy
[15:38] {muddleheaded} 559
[15:38] {Threei} yikes
[15:38] {magoo} only 265 points away from free lunch
[15:38] {Threei} oil under 56
[15:39] {Threei} loonie lost .80 yet?
[15:39] {dino} like having a sell order at 400, but won't hit
[15:40] {muddleheaded} $0.8081 now.
[15:40] {lisa_jay} There Dino...saw the print.
[15:40] {dino} bamm! lunch on magoo
[15:40] {Threei} here we go
[15:40] {lisa_jay} Flush...
[15:40] {Threei} yeah
[15:40] {Threei} not royal flush yet
[15:41] {Threei} but that's coming too
[15:41] {Geo} magoo?
[15:41] {Geo} looks like he went grocery shopping
[15:41] {Threei} dawg
[15:41] {Onix} testing October lows today already?
[15:41] {Threei} see where Qs dropped from?
[15:41] {dawg} short Q's off resistance like you said
[15:41] {dawg} .89
[15:41] {Threei} .90 resistance, like clockwork
[15:42] {dawg} Yes sirree!
[15:42] {lisa_jay} R u short Dawg?
[15:42] {dino} 8,143 next target imo
[15:42] {Threei} onix, NASDAQ is still above those lows
[15:42] {dawg} yes but only 200 shares
[15:43] {Threei} not too far though
[15:43] {dawg} out 1/2 100 shares
[15:43] {dawg} thanks Vad hold onto last 100
[15:43] {Onix} getting there only 64c for Q's
[15:43] {dawg} for royal flush
[15:43] {Threei} :)
[15:44] {dawg} Ok out last 100 be what a learning experience Vad
[15:45] {Threei} I've no idea where this spike came from
[15:45] {Threei} jusr dangers of bear market
[15:45] {Onix} short coverings?
[15:45] {dawg} whoa!
[15:45] {Threei} spikes are sudden and violent
[15:45] {dino} 3:45 bounce
[15:45] {dino} like clockwork
[15:45] {dawg} short again .90 Vad?
[15:46] {Threei} no
[15:46] {dawg} got it
[15:46] {Threei} this kind of spike ruins whole read
[15:46] {Threei} it can drop or continue up from here with he same odds
[15:46] {dawg} i see
[15:47] {dptl} have a good evening all
[15:47] {Threei} take care dp
[15:47] {magoo} dp WAITTTTTTTT
06[15:48] * magoo slaps dptl around a bit with a large trout
[15:49] {Threei} dawg... how about that eh?
[15:49] {dawg} you where right along Vad
[15:50] {dawg} all along
[15:51] {magoo} thats why hew gets the lunch dawg
[15:51] {dawg} lol magoo!
[15:52] {dawg} and dinner too
[15:53] {dino} detroit city counsel files for 10b tarp loan
[15:53] {Geo} wot???? really?
[15:54] {Threei} what the
[15:54] {Threei} is it money for all purposes now?
[15:54] {dino} yes, real$.com
[15:54] {dino} soon i will file
[15:55] {Geo} chaeron... you ready with our filing proposal? I have pretty graphs
[15:56] {Threei} look at FTBK
[15:56] {Threei} down full buck in a few minutes
[15:56] {dino} zion out w/going concern in report
[15:57] {peterg} at home in easy chair for end
[15:57] {dino} c at 9+
[15:57] {magoo} see..everyone used to 15 minute powerful close..so mother mkt spanks them today
[15:58] {magoo} falls
[15:58] {Threei} -400 again
[16:00] {peterg} so what predicto for tomorro?
[16:00] {magoo} he gets a lunch for every tag
[16:00] {magoo} thasts 3
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} more pain peter
[16:00] {magoo} prediction? PAIN
[16:00] {Threei} thank you all
[16:00] {peterg} Mr T!!
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Bye guys.
[16:00] {Threei} see you tomorrow
[16:00] {peterg} gnite all again
[16:00] {muddleheaded} Bye everybody.
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