That was truly good day. For us AND, for a change, for the market. With exception of a few boring hours, morning and end of day yielded enough of good trades. And, we came up with exceptionally bad poetry summed up around 14:50. Enjoy

Session Time: Fri Nov 21 00:00:00 2008

[08:00] {magoo} morning

[08:14] {Threei}  Good morning mags

[08:14] {magoo} :)

[08:14] {magoo} vad, any news solar secror? FSLR csiq solf

[08:17] {Threei}  06:00am [CSIQ] Reports Q3 $0.36 (adj) v $0.54e, R $252.4M v $248Me; reverts to previous lower FY08 rev outlook

[08:18] {Threei}  in other words... 06:00am [CSIQ] earning: ouch, and guide for the next year: yikes

[08:18] {Threei}  how about this translation?

[08:19] {magoo} ty..only way i can understand iot lol

[08:20] {patience} good morning guys

[08:20] {Threei}  patience :)

[08:20] {magoo} vad, any surprises in tech sector..aapl rimm etc

[08:21] {magoo} morn patience:)

[08:42] {ese} good morning

[08:42] {Threei}  ese :)

[08:42] {ese} hey vad.......back after another thursday  morning Hiatus....

[08:43] {ese} yup....could lose some money in CSIQ

[08:44] {ese} have a couple of positions there

[08:44] {magoo} vads news aapl rimm??

[08:44] {Threei}  no

[08:45] {ese} although CSIQ has 6 bucks and some in cash per share....and it's trading at 3.50

[08:45] {magoo} ty

[08:46] {hawkfan4} EMKR .85 cents, geez

[08:49] {ese} was it another big down day share wise on the Dow yesterday......capitulation maybe??

[08:49] {ese} did it feel like that to you Vad

[08:49] {Threei}  as already occured you mean? or coming?

[08:50] {Threei}  yeasterday's selling wasn't it

[08:50] {ese} i think as already occured....yesterday

[08:50] {Threei}  nasty sellof as it was, it didn't feel at all like that final climactic "get me out so I can forget whole thing"

[08:51] {ese} you feel like that is still to come

[08:51] {Threei}  this I don't know

[08:51] {Threei}  see, capitulation is a sure way to finish the phase and start anew,

[08:51] {Threei}  but not every bear market ends in capitulation

[08:52] {ese} how so

[08:52] {Threei}  sometimes it's along slow grind,

[08:52] {Threei}  sometimes it's a certain turn of events that changes sentiment

[08:53] {magoo} vad..we are down so far levels that is..and people been getting out ...maybe no woosh

[08:53] {Threei}  and sometimes capitulation is not as pronounced as to be spotted as it occurs

[08:53] {Threei}  and becomes capitulation in hindsight only

[08:53] {Threei}  right magoo

[08:53] {ese} hmmmmm i see what you mean    volume yesterday 537 mil and Oct 10 672mill

[08:54] {ese} on the Dow

[08:54] {magoo} say again:) lol

[08:54] {Threei}  imagine how much of invested capital was already liquidated during these selloffs

[08:54] {Threei}  day after day

[08:54] {Threei}  week after week

[08:54] {Threei}  relentless selling

[08:54] {Threei}  200 points todsay, 300 tomorrow, 400 again, 200 again

[08:55] {Threei}  Just how much is there left to liquidate?? :)

[08:55] {Threei}  who knows?

[08:56] {Threei}  let me post one short blurb on capitulation I;ve written a while ago

[08:56] {Threei}  need to put it on blog

[08:56] {Threei}  didn't get to it yet

[08:56] {Threei}  so posting here:

[08:57] {wishbone} gm all

[08:57] {Threei}  Re: Capitulation.

[08:57] {Threei} 

[08:57] {Threei}  There are two important things to keep in mind about this concept.

[08:57] {Threei} 

[08:57] {Threei}  First is, bottoms are not always being formed by capitulatory selloff (V-shape). Sometimes it's a slow grind shaping as a dish; sometimes even with caputilation it's still not that easy - initial bounce leads to a second drop into lows and double bottom, however nice the formation is, has second bottom LOWER than first one, so early buyers still get shaken out.

[08:57] {Threei}  Second, and most important to remember. You probably noticed that whereever you find the description of the concept, it's still just a concpet - meaning, there is no measurable component to it. There is, to my best knowledge, no percentage of the drop that quialifies selloff as capitulation. Name any, and you will inevitably find a whole lot of cases where it was exceeded.

[08:57] {Threei}  There is a good reason for that: if there was a certain measurement for capitulation that guaranteed ultimate low, everyone would be insanely rich waiting for it and buying it... and no one would be buying a second earlier. But then again, why would anyone sell at that ultimate low which has been already proven to be an ultimate one?...

[08:58] {Threei}  Thus, capitulation is either:

[08:58] {Threei}  - can not be computed as it's an emotional state, panic, total disarray leading to a freefall - but not being quantifiable, it's in the eye of a beholder, which meakes "getting a read" on it quite discretionary;

[08:58] {Threei}  or

[08:58] {Threei}  - can be computed to a certain degree IF you somehow know the amount of shares that were held by different stakeholders, and see roughly that amount being traded in a very short period of time (again, discretionary component) during very steep selloff (once again, steep by what standard? on what chart?).

[08:59] {Threei}  No doubt, sometimes experienced traders get it right by gut feeling which is a product of vast experience. By no means it's a fool proof process for any of them, and you will always see arguments about whether this particular selling already constitutes capitulation or not yet, whether capitulation is going to be the case on this particular bear market or not. This concept is necessary to understand, but it doesn't mean that once you understand the concept you can spot the capitulatory type of bottom.

[08:59] {Threei}  End

[08:59] {Threei}  hi wishbone :)

[09:00] {KSystems} Good morning!

[09:00] {Threei}  ks :)

[09:00] {ese} Ksys mornign

[09:00] {ese} wishbone

[09:00] {KSystems} vad, ese :)

[09:00] {KSystems} slept well?

[09:00] {ese} you or us?

[09:00] {KSystems} you

[09:00] {ese} indeed

[09:01] {Threei}  I refuse to share such details

[09:01] {Threei}  this opens door to more questions

[09:01] {ese} shot of vodka....vads idea...works wonders

[09:02] {Threei}  sure does... but consider dptl's variation which includes 3 shots

[09:02] {Threei}  5

[09:02] {Threei}  and as you can see, possibilities are endless :)

[09:02] {ese} hmmmmmm....knockout punch

[09:04] {lisa_jay} Good Monring 

[09:04] {KSystems} Well, I can have alcohol actually even without having fun

[09:04] {ese} lisa....

[09:05] {KSystems} hey lisa

[09:06] {Geo} gm all

[09:07] {ese} hey geo

[09:08] {Threei}  lisa, geo :)

[09:09] {dino} gm all

[09:09] {Threei}  with whole solar debacle, ESLR is actually green

[09:09] {Threei}  dino :)

[09:10] {Threei}  if they recover some, this one maybe a scalp candidate on a long side

[09:11] {Onix} Good morning all

[09:11] {Threei}  onix :)

[09:11] {ese} thats another company vad thats huge in cash reserves...with 2/3 billion outstanding orders

[09:11] {ese} Eslr

[09:13] {ese} through to 2011

[09:16] {dino} solar may be dead

[09:17] {ese} too many green initiatives dino.....

[09:18] {dino} keep in mind, no more $ and oil gas are cheap, as is coal

[09:18] {ese} all of California is going to be solar at some point

[09:18] {ese} for starters

[09:18] {dino} at some point........................................................

[09:18] {dino} 10 years?????????????????????????????/

[09:18] {ese} maybe........

[09:18] {dino} when payroll cannot be made, these things stop

[09:18] {Geo} I called around in los angeles ese

[09:18] {Geo} not worth the money

[09:19] {dino} i checked here for my house, geo, 30 year payoff

[09:19] {Geo} yup

[09:19] {dino} not worth it

[09:19] {dino} same w/hybrids, no point for years now

[09:19] {Geo} and the local utilities gave no help so i gave up

[09:19] {dino} and my rant is done

[09:19] {Geo} :) good morning

[09:20] {dino} gap up opens, not good lately, have been getting filled

[09:20] {ese} i stand corrected....but i'm thinking about it still

[09:20] {Threei}  C is trying to bounce

[09:21] {magoo} vad lets watch q for bounce too

[09:21] {dino} fwiw es. i was talking investing wise

[09:22] {ese} yes i know dino.....

[09:22] {dptl} good morning all

[09:22] {Threei}  dp :)

[09:22] {ese} next big mega trend i still think

[09:22] {ese} dp

[09:23] {wishbone} Citigroup (C) climbed 10% in the pre-market after a media report said the bank will hold a meeting to discuss ways to prop up its sliding stock price. This may include selling pieces of or the entire company. This week alone, shares plunged 50%.

[09:27] {ese} geo....were there any subsidies if you wanted to put solar in down there

[09:27] {Geo} none by LADWP

[09:27] {Geo} san francisco edison has some

[09:27] {ese} thats whats suppose to make it viable for you down there isn't it?

[09:28] {Geo} yeah

[09:28] {Geo} I have sun pretty much 364 days

[09:28] {Geo} i really wanted it

[09:28] {Threei}  looked into those solar panels Costco sells geo?

[09:28] {Geo} no

[09:28] {Threei}  around $300

[09:29] {Geo} i was hoping for a integrated whole house solution

[09:29] {Geo} ill look again

[09:29] {Threei}  that could be transitional solution for negligible cost

[09:29] {Threei}  not sure about details

[09:29] {Threei}  but if you find out please share

[09:29] {Geo} i wanted the reverse meter credit thingie

[09:29] {Threei}  yup

[09:29] {ese} kinda like how BC Hydro will help pay for upgrade in windows up here Vad

[09:29] {Threei}  that''s the idea

[09:30] {peterg} good mrng

[09:30] {Threei}  peter :)

[09:31] {Onix} hi peter

[09:31] {peterg} yo onix

[09:32] {dino} mcd sm l .30

[09:32] {Threei}  C hard pullback

[09:33] {Threei}  5.11 probably worth a try if holding 5

[09:33] {magoo} full or half

[09:34] {Threei}  stop is tight enough

[09:34] {Threei}  or just right here with ridiculously tight stop

[09:34] {Threei}  couple cents? why not

[09:34] {magoo} well its fast..hard to hold stop

[09:35] {Threei}  whatever... in .04, out .15

[09:35] {Threei}  finger-warming scalp

[09:36] {peterg} took dime

[09:36] {lisa_jay} Thanks Vad.

[09:36] {peterg} tks

[09:36] {Threei}  sure guys

[09:36] {tomg} ty

[09:37] {Threei}  not this time

[09:38] {Threei}  when low gets retested so many times, not likely to hold

04[09:41] -} [Threei] PING

[09:44] {Threei}  CSIQ

[09:44] {Threei}  3.20 break half lot long if holding above 3.10 and if FSLR moves up

[09:48] {Threei}  over 1:2

[09:48] {Threei}  me out

[09:48] {tomg} ty vad

[09:48] {Threei}  tom :)

[09:51] {Threei}  quotes OK for everyone?

[09:51] {tomg} y

[09:52] {magoo} yes

[09:52] {Threei}  my connection then

[09:54] {Onix} ty for CSIQ Vad, i got 6c & 13c

[09:55] {Threei}  :)

[09:55] {Geo} Y vad..... in .24 out .46

[09:55] {Geo} TY

[09:55] {Threei}  I thought I was widely ignored

[09:55] {Geo} chat on a diff pc

[09:56] {Threei}  must be inconvinient

[09:56] {Geo} want it to be

[09:56] {Threei}  why not hook up more moniors to one PC?

[09:57] {Geo} i have 2 pcs on diff internet connections.... dont want both on same pc

[09:57] {Geo} C approaching yesterday lod

[09:57] {Threei}  ah, OK... there are people who want their encounters with opposite gender to occur in hammock while wearing ski

[09:58] {Threei}  I can undertand the concept of creating difficulities in order to over come them :)

[09:58] {lisa_jay} lol

[10:01] {Threei}  (UA) UAE CENTRAL BANK: EURO WILL CONTINUE TO BECOME STRONGER OVER THE LONG TERM

[10:01] {Threei}  hmmm

[10:01] {Threei}  why do I have this feeling we may not see Euro at all in couple years

[10:02] {Geo} oooh C breaking 4

[10:02] {Threei}  why didn't we short it

[10:02] {dino} dji gap filled

[10:03] {Geo} [06:57] {Geo} C approaching yesterday lod

[10:03] {Geo} i couldnt see a setup

[10:03] {Geo} and you were in a ski mask in a hammock somewhere

[10:03] {Threei}  in retrospect, bounce back into 5 after breakdown was a good bet

[10:04] {Threei}  no... my connection is shaky

[10:04] {dino} euro talk sounds like c saying we are fine

[10:04] {Geo} ah

[10:04] {Threei}  quotes went on and off

[10:04] {Threei}  my thoughts exactly dino

[10:04] {lisa_jay} R they back up Vad?

[10:04] {Threei}  I see nothing but troubles for it ahead

[10:04] {Threei}  looks better now lisa

[10:05] {Threei}  just in case guys,

[10:05] {Threei}  when I post a call, have double take at qwuotes to make sure you see what I see

[10:05] {Threei}  let's have little checkup

[10:06] {Threei}  UAUA bid 7.84?

[10:06] {Threei}  .85

[10:06] {tomg} y

[10:06] {Geo} y

[10:06] {Threei}  FSLR 87.70?

[10:06] {Geo} too fast

[10:06] {Threei}  LVS 3.76?

[10:06] {tomg} y

[10:06] {Geo} y

[10:06] {wishbone} y

[10:06] {Threei}  ok... seemes to stabilize

[10:07] {Threei}  ty

[10:07] {Threei} Long Setup:  KLAC  .70 break half lot

[10:08] {Threei}  stop under .60

[10:08] {Threei}  broke while I typed but was still available .72 - .73

[10:10] {lisa_jay} is it still valid

[10:11] {Threei}  if NQ upticks, yes

[10:12] {Threei}  stopped

[10:12] {Chaeron} good morning all

[10:12] {Threei}  chaeron :)

[10:12] {Onix} stopped

[10:12] {tomg} out

[10:12] {Onix} hi chaeron

[10:17] {Threei}  C death spiral

[10:19] {tomg} uaua did it again vad

[10:20] {Threei}  didn't watch it

[10:20] {Threei}  what did it do?

[10:20] {Threei}  teleportation?

[10:20] {tomg} sharp down to .8 and right back up

[10:20] {Threei}  yup, see it on the chart

[10:21] {Threei}  you traded it?

[10:21] {tomg} nah

[10:21] {tomg} :)

[10:21] {tomg} saving green from your earlier calls :)

[10:23] {dino} dji needs to break above 7650 imo to rally

[10:32] {dino} .

[10:33] {tomg} .

[10:33] {Threei}  you remember Chaeron will have to sweep all that after hours, right?

[10:33] {Chaeron} }{

[10:33] {Chaeron} it's the only way I can afford my trading habit....

[10:36] {KSystems} coffee, anyone?

[10:36] {Threei}  slow motion today

[10:36] {patience} amazing day for me in the market...done well in goldcorp, barrick and gold bullion etf.  sold yesterday afternoon's agrium shares +2.02

[10:36] {Chaeron} it's Friday...

[10:36] {Threei}  one-legged snail making its way through molasses

[10:37] {lisa_jay} Nice trades Patience.

[10:37] {Threei}  wtg patience

[10:37] {patience} trust me, been a while since a day like today

[10:37] {magoo} theres no money left to buy..as in buyers finito

[10:37] {Chaeron} huge patience... great job

[10:38] {dino} afam sm l .10

[10:38] {patience} ty

[10:38] {Threei}  it's been a serious while since I've seen UAUA so tame

[10:40] {Threei}  signs of life now

[10:40] {Threei}  watch it fore teleportation setup

[10:41] {Threei}  Q, pullback closer to .70 worth a try long

[10:42] {Chaeron} forget UAUA?

[10:42] {Threei}  SENATE MINORITY LEADER MCCONNELL SAYS COMPROMISE BILL FOR AUTO AID HAS BIPARTISAN SUPPORT AND COULD BE PASSED QUICKLY (REPEATS THE SENTIMENT OF THE BILL SPONSERS)

[10:42] {Threei}  {F}

[10:42] {Threei}  why

[10:42] {Chaeron} no no... play UAUA with that bounce of Q's?

[10:42] {Threei}  me confused

[10:43] {Chaeron} me too... lol

[10:44] {Threei}  got .75 Qs

[10:44] {Threei}  stop under .70

[10:45] {Threei}  no worky

[10:46] {Onix} .74

[10:48] {Threei}  anyone got UAUA scalp?

[10:48] {magoo} vad..what levels will put the fear in shorts today?as in panic cover

[10:48] {lisa_jay} what was that drop?

[10:49] {Threei}  one more UAUA

[10:49] {Threei}  come on guys, this is ATM

[10:49] {Threei}  for NQ, something like 1065 - 1070, mags

[10:50] {Onix} stopped

[10:51] {Geo} rumor C is being put on short restricted list at prime brokers

[10:51] {Threei}  not good... kiss of death

[10:51] {Threei}  (as if C needed of that, lol)

[10:52] {tomg} have a good weekend, all. ty vad, good week:)

[10:52] {Threei}  take care tom, wtg :)

[10:52] {Chaeron} bye tom

[10:52] {Threei}  you realize how few people can say "it was good week" this week? :)

[10:52] {tomg} cya chaer :)

[10:53] {KSystems} have a good WE tom

[10:53] {Chaeron} heheh... the only ppl I hear saying that are in here... and I know a lot of traders

[10:53] {tomg} u2 KS

[10:56] {Threei}  DJI is 7557?

[10:57] {Threei}  roguuhly

[10:57] {Chaeron} and just went red, yes

[10:57] {Threei}  OK

[10:57] {dino} afam stopped

[11:02] {dino} 7506 coming

[11:12] {Threei}  PENTAGON HAS REPORTEDLY BEEN HIT BY A CYBER ATTACK - FOX NEWS

[11:16] {dino} say it again sam

[11:16] {Threei}  US SPEAKER OF THE HOUSE PELOSI: AUTOMAKERS 'FAILED' TO JUSTIFY LOAN AT TESTIMONY EARLIER THIS WEEK, MAY DISCUSS LOAN FURTHER IN MID DECEMBER

[11:16] {Threei}  - Pelosi remarks that she opposes bankruptcy in automakers, 'doing nothing' not an option

[11:21] {dino} t sm l .90

[11:24] {hawkfan4} Rev Shark

[11:24] {hawkfan4} Merger?

[11:24] {hawkfan4} 11/21/2008 9:37 AM EST

[11:24] {hawkfan4} So if Goldman Sachs mergers with Citibank will the new entity be called "Sachs in the Citi"? 

[11:24] {Geo} lol

[11:26] {lisa_jay} lol

[11:26] {dino} i suppose it's better name than w/o merger...true blood

[11:27] {Threei}  C... long on 4 break or short off 4...

[11:27] {dino} c'mon, that was funny

[11:27] {hawkfan4} lol dino :)

[11:28] {lisa_jay} ?  what Vad?

[11:28] {lisa_jay} C trade?

[11:28] {Threei}  thinking out loud lisa... :)

[11:28] {lisa_jay} Oh ok...

[11:28] {magoo} vad,,it doies seem the level 2 and mkt gets faster on upside

[11:29] {Threei}  this is what happens this whole week mags

[11:29] {Threei}  talked about it couple times

[11:29] {magoo} i know

[11:29] {magoo} just rehashing it

[11:29] {Threei}  ok... 4 break long

[11:29] {Threei}  if stays above 3.90

[11:31] {Threei}  DYAX

[11:31] {Threei}  FDA ACCEPTS FILING, GRANTS PRIORITY REVIEW FOR DX-88 FOR HEREDITARY ANGIOEDEMA

[11:32] {dino} amag sm l .33

[11:35] {dino} gut say up

[11:41] {ese} hmmmm .....am back... didn't realize i was cut off

[11:41] {dino} afam sm l .20 risky

[11:41] {Geo} c tired

[11:42] {dino} es we always cut you off

[11:42] {dino} sort of like magoo at a party

[11:42] {dino} out t .35, +.45

[11:42] {magoo} boy if i were short id be puttin on pull-ups here

[11:44] {dino} i will be short shortly

[11:46] {Geo} did ya get hit at 1:1 vad?

[11:46] {Threei}  half

[11:46] {Geo} ok... i missed by a tick

[11:47] {Geo} ok guys off to work.... good trading all and a great weekend

[11:47] {Threei}  take care Geo, have a good one

[11:48] {dino} cya ggeooooooooo

[11:51] {Threei} Long Setup:  GG  .40 break small shares

[11:51] {Threei}  if stays above .20

[11:52] {ese} see ya geo

[11:52] {hawkfan4} l8r geo

[11:54] {Threei}  .50 break should send it rocketing

[11:54] {dino} same pattern as last few days, whatever move pull back 80-90

[11:54] {dino} and vice versa

[12:07] {Threei}  move your sorry butt GG

[12:08] {Threei}  over 1:1, half out

[12:08] {Threei}  +.25

[12:08] {Threei}  sheesh... read this:

[12:08] {Threei}  PREVIEW: TWO FED SPEAKERS SCHEDULED FOR THE AFTERNOON IN THE US

[12:08] {Threei}  **Philadelphia Fed President Charles Plosser is scheduled to speak at 12:15pmET on the Financial Crisis. Speech will be closed and content embargoed until 1:15pmET.

[12:08] {Threei}  **Chicago Fed President Charles Evans is scheduled to speak at 12:40pmET to a group of economists.

[12:08] {Threei}  Speech will be closed and content embargoed?

[12:08] {Threei}  wth is this about

[12:11] {dino} c, ceo pandit, "rumor mongering our real problem"

[12:11] {dino} nothing to do w/its' business

[12:16] {Threei}  great... I wanted to slap Geo after GG worked... but room server dump bumped him

[12:17] {Threei}  stop of course is trailed to under b/e for the balance

[12:19] {dino} out amag .82, +.49

[12:20] {lisa_jay} nice

[12:20] {dino} ty

[12:21] {dino} good pattern on it, .20s-.90

[12:23] {Chaeron} c'mon GG

[12:25] {dino} cnbc michelle, nice

[12:26] {dino} bj l sm .40

[12:27] {ese} have a great weekend all......nice one on amag dino

[12:27] {dino} ty es, take care bud

[12:27] {ese} see ya ....

[12:31] {Threei}  take care ese

[12:37] {dino} biggest rally in 11 years taking place (not)

[12:38] {patience} i am now up about 8k on my trades today dino...gold is doing ok

[12:38] {dino} wow!

[12:38] {Threei}  wtg

[12:38] {patience} feels like last january

[12:38] {patience} no effort

[12:39] {dino} you do my month in a day, sheesh

[12:40] {dino} dino, feeling inadequate

[12:40] {magoo} is that a pure daytrade pat?

[12:40] {patience} no

[12:40] {dino} ok, feeling better

[12:40] {patience} agrium was an overnighter

[12:41] {dino} feeling worse now

[12:41] {patience} i've been sclalping barrick

[12:41] {patience} i've been holding goldcorp and barrick options for weeks

[12:41] {patience} got them for a good price

[12:41] {dino} gj

[12:42] {patience} ty, but my style is different from yours....you can nail multiples daily

[12:42] {lisa_jay} which month expiration options do you usually trade Patience?

[12:42] {patience} i like to do further out calls or puts

[12:43] {patience} i want time on my side for awhile

[12:43] {lisa_jay} Ok, thanks.

[12:44] {dino} cedcsm l .41 risky one

[12:50] {dino} lol gm getting rid of 2 of 5 jets

[13:02] {Threei}  ING DIRECT IS SUSPENDING FORECLOSURES THROUGH 2009

[13:08] {magoo} vad..working theory here into bell?

[13:08] {Threei}  how does one who got forecloserd yesterday feel?

[13:09] {Threei}  really can't tell mags

[13:09] {Threei}  there is not much rythm to action

[13:09] {Threei}  slow ebb and flow

[13:20] {dino}  cedc stopped -.40

[13:22] {lisa_jay} Off to library everyone...Kids day off.

[13:22] {lisa_jay} Thanks Vad.

[13:22] {lisa_jay} Bye everyone.

[13:24] {Threei}  take care lisa, have a good weekend

[13:29] {dino}  cya lisa

[13:36] {Threei}  are we in for another multihundred down day?

[13:37] {Threei}  retest of the low seems inevitable

[13:37] {Threei}  BARCLAYS CAPITAL ANALYST SUGGESTS FSLR AND SPWRA AS ALTERNATIVE ENERGY PLAYS HEADING INTO THE OBAMA ADMINSITRATION - CNBC INTERVIEW

[13:38] {magoo} recent?

[13:38] {Threei}  1 min ago

[13:42] {Geo} [10:18] {Threei}  great... I wanted to slap Geo after GG worked... but room server dump bumped him

[13:42] {Geo} why? boss

[13:42] {Threei}  'cause you left 2 min before profitable call

[13:43] {Geo} heh

[13:43] {Geo} lemme check

[13:43] {Geo} in 400 GG .39

[13:43] {Geo} out 200 .50

[13:43] {Geo} 200 .70

[13:44] {Geo} put it on auto pilot and off to shower

[13:44] {Threei}  so, you said you left, but in fact you hid and took the call?

[13:44] {Threei}  how sneaky is that

[13:44] {Geo} i start closing apps on pcs

[13:44] {Geo} with your room being last

[13:44] {Geo} my greed knows no bounds

[13:44] {Geo} amazing patience btw

[13:45] {Geo} i trade mornings on laser and rest on ninja with IB as i can put stops and be in and out of office

[13:45] {Geo} so it paid TY  lord vader !!

[13:46] {Threei}  you are welcome of course... but there goes my plan to wait till you leave with profitable calls

[13:46] {Geo} hey !!!

[13:46] {Geo} tha was with onix remember?

[13:46] {Threei}  I widen my scope

[13:46] {Geo} or is it round robin

[13:49] {dino} t sm l .70 stop lod

[13:56] {Threei}  feels like flush toward day low is coming

[14:01] {dino} t stoped

[14:02] {dino} stopped

[14:05] {Threei}  QID bounce off 99

[14:05] {Threei}  tha was fast

[14:05] {Threei}  50 cents in seconds

[14:06] {Threei}  FDIC'S BAIR: TO DROP LOANS SHORTER THAN 30 DAYS FROM THE GUARANTEE PLAN

[14:19] {magoo} bulls are all gone..no bullets to push up any type rally

[14:20] {Threei}  kind of hard to imagine any catalyst for it :)

[14:20] {magoo} need a large fund to buy buy buy

[14:22] {dino} more like apathy

[14:26] {Threei}  can you imagine any fund wanting to commit now

[14:26] {Threei}  facing redemptions, tax selling, autoindustry uncertainty

[14:27] {Threei}  C near demise

[14:27] {Threei}  JPM highly questionable

[14:28] {Threei}  we need a fund manager with strong suicidal tendencies

[14:29] {patience} that would be the ones who manage funds where they have to be fully invested at all times

[14:29] {Threei}  I have deep sympathy for those

[14:31] {Threei}  these days for them must be like watching themselves slowly dismemberd with a saw, limb by limb

[14:31] {Threei}  with band-aids carefully applied to keep them barely alive

[14:35] {Chaeron} Laserdave1 DCC pelase?

06[14:35] * Chaeron slaps laserdave1 around a bit with a large trout

[14:42] {Threei}  inverted C&H

[14:43] {Threei}  breakdown

[14:43] {Threei}  flush

[14:43] {dino} reminds me of joe the plumber

[14:44] {Threei}  and I am trying to come up with piece of poerty rhyming with "drain"

[14:44] {Threei}  Goes market train

[14:44] {Threei}  Dow the drain

[14:44] {Threei}  Down

[14:44] {KSystems} keep it with Dow

[14:44] {dino} pain

[14:45] {peterg} row row your boat, gently down the strain

[14:45] {peterg} merrily merrily merrily life is but a drain

[14:45] {Threei}  but a pain

[14:45] {peterg} perfect

[14:45] {dino} i guess the toilet was backed up, spiked

[14:46] {dino} overflow

[14:46] {Threei}  On the market canvas

[14:46] {dino} 100 pt swing 14:44 to 14:46

[14:46] {Threei}  We are but a stain

[14:46] {dino} yeah, real tradable

[14:46] {patience} that bastard Barrick, how does it know to jump after i just sold at the extreme high.   now i am just greedy

[14:46] {Threei}  lol dino

[14:47] {Threei}  peter... how about these two last lines?

[14:47] {peterg} magnicent

[14:47] {peterg} I have to tear away from project involving website design

[14:47] {peterg} yecdh

[14:47] {dino} [14:44] {Threei}  Down

[14:47] {dino} [14:44] {KSystems} keep it with Dow

[14:47] {dino} [14:45] {dino} pain

[14:47] {dino} [14:45] {peterg} row row your boat, gently down the strain

[14:47] {dino} [14:45] {peterg} merrily merrily merrily life is but a drain

[14:47] {dino} [14:45] {Threei}  but a pain

[14:47] {dino} [14:45] {peterg} perfect

[14:47] {dino} [14:46] {dino} i guess the toilet was backed up, spiked

[14:47] {dino} [14:46] {dino} overflow

[14:47] {dino} [14:46] {Threei}  On the market canvas

[14:47] {dino} [14:46] {dino} 100 pt swing 14:44 to 14:46

[14:48] {Threei}  Overflowed toiled

[14:48] {Threei}  Backed up again

[14:48] {dino} where are the entries on junk like thos

[14:48] {Threei}  nowhere... it's wait on a sideline

[14:48] {Threei}  ok... let me sum it up

[14:49] {dino} agreed

[14:49] {dino} allow me sir; simply a coin flip market

[14:50] {Threei}  OK

[14:51] {Threei}  result of collective impulse of creativity:

[14:51] {Threei}  Goes market train

[14:51] {Threei}  Down the drain.

[14:51] {Threei}  Row your boat,

[14:51] {Threei}  Row your boat

[14:51] {Threei}  Gently down the strain.

[14:51] {Threei}  Merrily merrily merrily,

[14:51] {Threei}  Life is but a pain.

[14:51] {Threei}  On the market canvas

[14:51] {Threei}  We are but a stain.

[14:51] {Threei}  Overflowed toilet

[14:51] {Threei}  Backed up again.

[14:51] {Chaeron} we're subject to your poetry now?????

[14:52] {Chaeron} your humor isn't enough???

[14:52] {Threei}  why mine...

[14:52] {Threei}  a few contributors

[14:52] {peterg} Verrry nice!

[14:52] {Threei}  and hey... if you can hadle my humor, you are strong enough to be tested by next degree of torture

[14:53] {Threei}  just be thankful I don't sing

[14:53] {Chaeron} oi

[14:54] {Threei}  oy is right - people have been known to break down windows trying to get out of the zone of horror

[14:55] {dino} this action so random, i am thinking about going bear hunting monday instead of trading

[14:56] {Threei}  wait

[14:56] {patience} calling it a day...starting to do revenge trading because i left money on the table

[14:56] {Threei}  isn't it what we are doing here?

[14:56] {dino} at least then i have a setup

[14:56] {patience} have a good weekend guys

[14:56] {Threei}  patience :)

[14:56] {Chaeron} bye patienc3

[14:56] {KSystems} take care patience

[14:56] {dino} gj patience and have a nice weekend

[14:56] {hawkfan4} cya patience

[14:57] {Threei}  yesterday's log I started with this:

[14:57] {Threei}  I don't know if I am allowed to call a "nice day" one where trading was profitable but the market suffered another horrific blow. Anyway... that's how it shaped up.

[14:57] {Threei}  one of my correspondents sent to me this:

[14:57] {Threei}  Have you ever heard the saying, “Besides that Mrs. Lincoln, how was the play?” Sorta’ fits.

[14:57] {Threei} 

[14:58] {Chaeron} :))

[14:58] {dino} lol

[14:58] {Threei}  good one :)

[14:58] {peterg} soon time for more gruesome humor; in deference

[14:59] {peterg} to genteel sensibilities, I will refrain

[14:59] {Chaeron} I think the definition of a good or "nice" day is a profitable one, period

[14:59] {Chaeron} "Any landing you can walk away from is a good landing"... - some famous pilot

[15:00] {Threei}  hehe

[15:00] {magoo} laser dcc

06[15:00] * magoo slaps laserdave1 around a bit with a large trout

[15:00] {KSystems} my index quotes are gone...where is the dow?

[15:00] {Chaeron} he hasnt answered my DCC

[15:00] {Chaeron} 7545

[15:00] {Threei}  7545

[15:00] {Chaeron} 7558

[15:00] {KSystems} thanks chaeron, vad

[15:00] {Chaeron} 7563

[15:00] {Chaeron} hehehe

[15:01] {KSystems} snapshot isnt working anymore...quotes are being held in ranges from now on

[15:01] {Threei}  NYT REPORTS SENATOR CLINTON WILL ACCEPT THE SECRETART OF STATE POST IN THE OBAMA ADMINISTRATION

[15:01] {Chaeron} 7572

[15:03] {Threei}  NBC NEWS REPORTS TIM GEITHNER TO BE NOMINATED AS TREASURY SEC. BY PRESIDENT ELECT OBAMA

[15:03] {Threei}  - nomination to be made Monday

[15:03] {Threei}  - Bill Richardson to be named Commerce Secretary{

[15:04] {peterg} hmmmm

[15:04] {dino} dino to fill white house keg tapping position

[15:04] {Geo} so i c you guys are trading like crazy

[15:04] {peterg} peterg wanting doorman uniform with gold braid

06[15:04] * Chaeron slaps Geo around a bit with a large trout

[15:04] {dino} 2 on all dayers

[15:05] {Threei}  isn't it another bank guy?

[15:06] {Threei}  http://www.ny.frb.org/aboutthefed/orgchart/geithner.html

[15:08] {dino} so randomly this should go negative in 30 seconds

[15:10] {dino} sheesh i was joking

[15:11] {Threei}  what bounce C

[15:12] {dino} hod

[15:13] {Threei}  toiled was seriously backed up

[15:13] {Threei}  toilet

[15:13] {Threei}  so, just naming next sec of treasury is enough for rally?

[15:14] {Threei}  I would suggest naming a new one every day

[15:15] {Threei}  problem solved, we have new rally each day, forever

[15:15] {Threei}  eternal bull market, until we run out of population to name

[15:16] {Threei}  look at GG

[15:16] {Threei}  why did we ever sell?

[15:16] {dino} out bj .20, +.80 hours seemed like days

[15:17] {Threei}  C, bounce candidate closer to .50

[15:19] {dptl} have a good weekend all

[15:19] {Threei}  take care dp

[15:22] {dino} later dp

[15:22] {dino} 120 pt drop

[15:30] {Threei}  so, another Fed guy at the helm

[15:30] {Threei}  change it is

[15:31] {wishbone} lol

[15:31] {Geo} change we can live with

[15:31] {Geo} i mean do you really want magoo?

[15:31] {Threei}  well

[15:32] {Threei}  I thought Larry Summers

[15:32] {Threei}  but yeah, I would settle for magoo

[15:32] {Geo} he has too many dead bodies

[15:32] {Threei}  magoo?

[15:32] {Geo} yeah he too

[15:32] {Threei}  I don't care

[15:32] {Threei}  I'd drop by to White House to have a drink with him

[15:32] {Threei}  and brag about it

[15:33] {Geo} didnt know treasury sec lived in the white house

[15:33] {dino} out mcd .30, +1.00

[15:33] {Threei}  why do we need to have a drink where he lives?

[15:34] {Geo} 12:33] {Geo} didnt know treasury sec workedin the white house

[15:34] {Threei}  [15:33] {Threei} why do we need to have a drink where he works?

[15:34] {Geo} heheheh

[15:34] {Geo} ok i really need to trade something

[15:34] {wishbone} nice mcd's dino

[15:35] {Threei}  let Qs drop to 26 and buy it

[15:35] {Threei}  or 25.8

[15:35] {dino} not really wish took hours

[15:35] {magoo} is that a call vad?

[15:35] {Threei}  geo wants to trade something

[15:35] {Threei}  I give ideas

[15:36] {Threei}  with this volatility 40 cents drop for Qs is easy to do,

[15:36] {Threei}  and 26 is former resistance it broke on this last thrust

[15:37] {dino} i just told magoo, i'm going to start to come to work at 2:00 est and leave at close, only time i make $

[15:37] {Geo} nice

[15:37] {Geo} hmmmm no pullback

[15:38] {dino} your 500+ day magoo, imo

[15:40] {Threei}  peter

[15:40] {dino} heres your pullback, lets go down to 340, then up

[15:40] {magoo} after 10 200 bux rinses sigh

[15:40] {Threei}  we don't have any poetry for up days

[15:40] {Geo} 240?

[15:41] {Threei}  we started with rhyming "drain" which pretty much set the tone

[15:41] {dino} 340

[15:41] {Threei}  probably need another one with umm, "sky"?

[15:41] {Threei}  moon?

[15:41] {dino} i'm wrong

[15:41] {Threei}  here comes Qs

[15:41] {dino} hey my b-day went by positive today

[15:41] {Threei}  lol

[15:42] {Threei}  look at this drop

[15:42] {Threei}  40 cents already

[15:42] {Threei}  in one gasp

[15:42] {Threei}  LARRY SUMMERS TO GET SENIOR ADVISORY ROLE AT THE WHITE HOUSE

[15:42] {Threei}  - reminder: Summers was the other leading candidate for Treasury Secretary

[15:42] {dino} geo, split us at 290

[15:42] {Geo} in .25

[15:43] {Geo} half out .35

[15:44] {Threei}  I also came up with book title for whole bailouts galore

[15:45] {Threei}  Salvation That Wasn't

[15:45] {Geo} out rest

[15:45] {dino} senior advisory role, i guess a new position

[15:45] {dino} don't remeber that a cabinet position

[15:45] {dino} 240 geo, nice call

[15:45] {Threei}  and here is 26

[15:46] {Threei}  in and out +.16

[15:46] {Threei}  that was easy

[15:47] {dino} the old gary north book will be coming back, salvation through inflation, from 90s

[15:47] {Threei}  US COMMERCE SEC. GUTIERREZ: UP TO AUTOMAKERS TO DECIDE ON ALTERNATIVES

[15:47] {Threei}  hmm?

[15:47] {Threei}  anyone took Qs off 26?

[15:47] {Threei}  come on, that was prophetic call

[15:47] {Geo} no.. i took previous

[15:48] {Threei}  oracle-worthy

06[15:48] * Threei slaps magoo around a bit with a large trout

06[15:49] * Threei slaps Geo around a bit with a large trout

[15:49] {dino} the coin toss says down

[15:49] {dino} feels up tho

[15:49] {Threei}  next one because he is not here:

06[15:49] * Threei slaps dptl around a bit with a large trout

[15:49] {Geo} ahhhhhh

[15:49] {Geo} back in black finally

[15:50] {Threei}  and this one because he just can't be omitted when it comes to trouting:

06[15:50] * Threei slaps laserdave1 around a bit with a large trout

[15:50] {Geo} took late entry in this spurt

[15:50] {Geo} so patience made what 8k?

[15:50] {Geo} pshhhaw

[15:50] {Geo} 18.10 here

[15:52] {Geo} man i tried hard for an extra credit trout

[15:52] {dino} the coin toss froze the markets

[15:52] {Geo} oh well

06[15:52] * dino slaps Geo around a bit with a large trout

[15:52] {Geo} thanks dino

[15:52] {Geo} can always count oon ya

[15:54] {dino} must be a contra-coin

[15:54] {peterg} sorry missed rhyme time

[15:54] {dino} i'll set it aside

[15:54] {Threei}  it's ok peter

[15:54] {dino} indeed geo

[15:54] {Threei}  we will have a lot of time for poetry for upward days before bull market starts

[15:54] {dino} c'mon i promsed magoo 500+

[15:55] {Threei}  440

[15:56] {peterg} k, took dime on gg for fun

[15:57] {peterg} shdv take20n 

[15:57] {dino} bamm

[15:57] {peterg} taken 20

[15:57] {Threei}  500

[15:57] {peterg} lets get their hopes up before we crush them again

[15:59] {dino} out afam .31, +1.11

[15:59] {Geo} nice

[15:59] {dino} thx, again hours

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a great relaxing weekend

[15:59] {Threei}  see you all on monday

[16:00] {Geo} thanks guys

[16:00] {KSystems} you too vad

[16:00] {KSystems} bye everybody!

[16:00] {dino} thx all, see you at 2 on monday (kidding)

[16:00] {hawkfan4} bye all, enjoy

[16:00] {peterg} bye all

I don't know if I am allowed to call a "nice day" one where trading was profitable but the market suffered another horrific blow. Anyway... that's how it shaped up.

 

Session Time: Thu Nov 20 00:00:00 2008

[08:09] {magoo} morning

[08:22] {Threei}  Good morning

[08:25] {magoo} vad:)

[08:43] {magoo} vad..woirking theory at this juncture/

[08:44] {Threei}  everything points out to relentless downward pressure

[08:44] {Threei}  it's just those rallies out of nopwhere that are extremely hard to pin down

[08:49] {Threei}  Berkshire Hathaway is down -40% in the past 45 days

[08:50] {Threei}  Warren Buffett is suffering too

[08:50] {wishbone} gm magoo, 3i

[08:50] {Threei}  wishbone :)

[09:00] {KSystems} Good morning!

[09:02] {Threei}  KS :)

[09:03] {Geo} gm

[09:03] {Threei}  Geo :)

[09:03] {Threei}  VNDA

[09:03] {Threei}  FDA ACCEPTS ILOPERIDONE RESUBMISSION AND SETS NEW ACTION DATE

[09:05] {lisa_jay} Good morning

[09:06] {Threei}  - The FDA has indicated that it has accepted the Complete Response for review and has set a new target action date of May 6, 2009.

[09:06] {Threei}  - Co is a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders

[09:06] {Threei}  lisa :)

[09:09] {dino} gm

[09:10] {Threei}  dino :)

[09:11] {magoo} well..vad..im worried about massive short covering spike..but lets keep short perspective open too

[09:15] {Onix} Good morning all

[09:15] {Threei}  onix :)

[09:15] {Threei}  I don't mind shorting... but have you noticed

[09:16] {Threei}  money we made on l,ong side were fast and furious,

[09:16] {Threei}  like with GS and UAUA yesterday,

[09:16] {Threei}  and any short would be torturously slow and with constant shakeouts

[09:27] {magoo} yep..

[09:31] {Threei}  watching PRU

[09:31] {dptl} good morning all

[09:32] {Threei}  to short the bounce

[09:32] {Threei}  dp :)

[09:32] {Threei}  .85 would be a breakdown

[09:32] {Threei}  16.20 closest resistance

[09:32] {magoo} care naz gpoing up

[09:32] {magoo} carefyul

[09:33] {Threei}  if go for breakdown, keep size smallish

[09:33] {Threei}  couldn't break 16 on this market upward move

[09:34] {magoo} nice  

[09:34] {Threei}  has a good shot at drop to around 15

[09:35] {Threei}  who went for it, cover half on the next leg down

[09:36] {Threei}  GS

[09:36] {Threei}  TRADES BELOW ITS 1999 IPO PRICE OF $53/SHARE

[09:36] {Threei}  US SENATOR MAJORITY LEADER REID: CONGRESSIONAL SESSION AFTER THANKSGIVING HOLIDAY COULD BE NECESSARY

[09:37] {Threei}  stop to above b/e, .90 or so

[09:38] {Threei}  and see if .50 breakdown comes and takes it closer to 15

[09:38] {Threei}  there

[09:38] {Threei}  stop to above .70

[09:41] {Threei}  die PRU

[09:41] {Threei}  50 cents and counting

[09:42] {Threei}  stop to above .50

[09:42] {Threei}  feel free to cover as you see fit

[09:42] {Threei}  I am out .25

[09:42] {Threei}  +.60

[09:42] {magoo} beauty

[09:43] {Geo} in .86 all out .19

[09:43] {Threei}  wtg

[09:43] {Geo} thanks lord vader

[09:43] {Threei}  good patience

[09:44] {Geo} hmmm not done

[09:44] {Threei}  wow, drops even more

[09:44] {Threei}  15 is almost there

[09:44] {Threei}  anyway, let's let it bounce or consolidate

[09:45] {Threei}  MET is available for shorting too

[09:45] {Threei}  a little more volatilie though

[09:45] {magoo} l q .30

[09:45] {magoo} scalp

[09:46] {Geo} coals hammerred

[09:46] {Geo} -11%

[09:46] {Threei}  what isn't

[09:48] {Threei}  UPDATE: CNN REPORTS THAT SENATE AGRICULTURE COMMITTEE CHAIRMAN TOM HARKIN PLANS TO INTRODUCE A BILL TODAY THAT WOULD COMPEL ALL OVER-THE-COUNTER DERIVATIVES, INCLUDING CREDIT DEFAULT SWAPS, ONTO REGULATED FUTURES EXCHANGES, GIVING THE CFTC SOLE REGULATORY JURISDICTION OVER CDS

[09:49] {Threei}  well, PRU continuation would be .90 break if stays under 15.10

[09:49] {Threei}  again, keep size reasonable if it triggers

[09:49] {dino} c at 5, ge 13

[09:50] {Threei}  invalidated

[09:50] {Threei}  wow, huge jump MET

[09:50] {Threei}  you out Qs magoo?

[09:51] {magoo} out q here .51+.21

[09:51] {magoo} full lot

[09:52] {Threei}  good one

[09:52] {dino} gj magoo

[09:52] {magoo} not as good as yours boss..but ty

[09:52] {Threei}  considering size, almost as good

[09:53] {Threei}  wouldn't play full lot on PRU

[09:53] {magoo} 300 sh on pru

[09:54] {Threei}  if market recovers more, UAUA formed consilidation with 8 to break

[09:56] {Threei}  C

[09:56] {Geo} kids clothes GYMB

[09:56] {Threei} Long Setup:  C  .75

[09:56] {Threei}  stop under .60

[09:57] {magoo} in

[09:57] {dawg} in

[09:59] {Threei}  what, 10 cents was all?

[10:00] {Threei}  OCT LEADING INDICATORS: -0.8% V -0.6%E

[10:00] {Threei}  NOV PHILADELPHIA FED INDEX: -39.3 V -35.0E

[10:00] {magoo} out

[10:00] {dawg} out

[10:02] {dptl} stopped c -.16

[10:05] {Threei}  (CA) CANADIAN BUDGET OFFICE: EXPECTS TO SEE SURPLUS OF C$4B IN 2008-2009

[10:05] {Threei}  that indecent

[10:06] {patience} watch, that will be used to prop up car industry in canada

[10:06] {Chaeron} good morning all... 

[10:06] {Threei}  chaeron :)

[10:07] {Chaeron} stopped out of c myself for -,07

[10:07] {Threei}  PRU woouldn't make new lows

[10:07] {Threei}  too fast

[10:08] {Threei}  was thinking .20 break but it occured before I even started typing

[10:08] {Threei}  (CA) PARLIAMENTARY BUDGET OFFICE: FORECAST C$3.9B DEFICIT FOR 2009 V SURPLUS C$4.0B IN 2008

[10:09] {Threei}  huh?

[10:09] {Threei}  they need to talk to each other more

[10:14] {magoo} long q here .11

[10:15] {dawg} in

[10:15] {magoo} .97 stop

[10:15] {dawg} ok

[10:19] {dino} sitting and waiting here

[10:20] {dino} s&p 776

[10:20] {lisa_jay} Pru broke down

[10:20] {magoo} held by .04 dawg

[10:21] {dawg} by our toenails

[10:21] {dawg} magoo

[10:21] {Chaeron} QQQQ - scalped for 0.12 (scared) in .03 out .15

[10:21] {Chaeron} shoot...

[10:21] {magoo} let it run

[10:21] {Chaeron} now it goes

[10:22] {Chaeron} hope you're still in mags

[10:22] {magoo} yup

[10:22] {Chaeron} :)

[10:23] {Threei}  same thing as yesterday

[10:23] {magoo} out here dawg

[10:23] {dawg} out

[10:23] {magoo} pullbk and well reload

[10:23] {Threei}  upward moves are fast and big

[10:23] {dawg} thanks magoo +26 wtg

[10:23] {magoo} dawgh?

[10:24] {dino} sm l mcd .80

[10:24] {magoo} gj

[10:24] {dawg} .)

[10:24] {dino} mcd stop lod

[10:24] {magoo} full lot? can do that with q

[10:25] {Threei}  HEARING DOUG KASS OF SEABREEZE PARTNERS SAYS HE IS BUYING BAC AND JPM STOCK TODAY (TIMING UNCERTAIN)

[10:25] {dawg} 400 shares magoo for me

[10:26] {magoo} ok..can do more if u keep STOPS

[10:26] {magoo} 1200 here

[10:26] {dawg} working  on increasing share size

[10:27] {dino} hearing voices in my head

[10:27] {magoo} be careful...these are  the worste of times

[10:27] {magoo} the best of times?

[10:27] {dawg} yes appreciate all the help 

[10:27] {Chaeron} what about your gut dino?

[10:28] {magoo} its still there chaer

[10:28] {dino} full of peanuts at the moment

[10:28] {Chaeron} lol

[10:28] {dino} gut say close green, but go down more first

[10:29] {dino} just seems too easy to wash 'em all out today

[10:29] {magoo} u mean gut "timing uncertain" lol

[10:29] {dino} have to "sicker in" new $

[10:29] {Threei}  lol

[10:30] {dino} sucker

[10:30] {dino} mcd $ menu must be kicking butt

[10:32] {Threei}  JASO

[10:32] {Threei}  SIGNS AGREEMENT WITH BP TO FORM LONG TERM AGREEMENT

[10:32] {Threei}  - JA Solar is expected to contribute its cost-efficient manufacturing and rapid execution capabilities, plus its access to third party silicon and/or wafers, while BP is expected to bring its access to its own silicon and/or wafer supply, provide access to its global customer portfolio

[10:32] {magoo} no one cares with gas at 2.11

[10:33] {dino} hate to agree magoo, but there are more pressing problems than oil/solar

[10:33] {dino} that just got put back another 10 years in development

[10:34] {magoo} with dollar decline..we all gonna be burning bails of US currency in our woodstoves

[10:34] {Threei}  what decline?

[10:35] {magoo} 8 ball says down

[10:37] {dino} mcd stopped -.25

[10:37] {magoo} is it possible to download video from camcorder disc to computer..wife only knows how to download from cell phone

[10:37] {Threei}  Qs pullback into .40 deserves another try

[10:38] {Geo} yup use IEEE 1394 cable (firewire)

[10:38] {Geo} most laptops have it

[10:38] {Geo} should the disc play in the computer?

[10:38] {Geo} shoudlnt

[10:38] {magoo} i have awesome mx footafge of son

[10:38] {magoo} cant get it to computer

[10:38] {Chaeron} youtube it please

[10:39] {magoo} how do i get it from disc to utube

[10:39] {Geo} hehehe chaer he needs to get it to pc first

[10:39] {Geo} if its a disk does it play in pc?

[10:39] {Threei}  don't know what that ABK spike was

[10:40] {Threei}  but it pulled bacxk substantially

[10:40] {magoo} dunno..but it plays on tv

[10:40] {magoo} as in dvd player

[10:40] {lisa_jay} is the q's puyllback still valid Vad?

[10:40] {magoo} why..u wanna come over to  my house and watch it

[10:41] {Chaeron} wish I could

[10:41] {Threei}  I think so lisa

[10:42] {Threei}  take scalp here

[10:42] {lisa_jay} :-(

[10:43] {Threei}  ABK, who went for it, take scalp here

[10:44] {Threei}  DRYS

[10:45] {Threei}  need some pullback for entry

[10:45] {dino} green

[10:45] {Threei}  OK... rally mode?

[10:46] {magoo} feels it

[10:46] {magoo} but chasing here

[10:47] {Threei}  Qs around .80

[10:47] {dino} should pull back to -80 or so

[10:48] {dino} dji i'm talking

[10:48] {Threei}  DRYS

[10:48] {Threei}  half lot around .30

[10:48] {Threei}  agh, late

[10:49] {dino} baltic dry index -6 today

[10:50] {magoo} i looking for mioore down first vad..hurt some more

[10:50] {Threei}  in .18

[10:50] {Threei}  stop under 4

[10:50] {magoo} discxourage late comers here

[10:51] {dawg} in .23

[10:51] {dino} dia sm l .55

[10:53] {dino} dia stop is .14

[10:53] {magoo} missed UAUA

[10:55] {Threei}  out DRYS .40

[10:55] {Threei}  +.22

[10:55] {dino} gj

[10:55] {dawg} out .39 +16 thanks Vad

[10:55] {Threei}  :)

[10:59] {dino} out dia .10 +.55

[11:01] {dino} afam sm l .70

[11:02] {dino} sgr l .00

[11:03] {dino} out afam .20, +.50

[11:03] {Threei}  wtg

[11:03] {dino} ty

[11:04] {Threei}  wow DRYS

[11:05] {dino} out sgr .14, +.14

[11:05] {magoo} quotes are clunky here..anyone else?

[11:05] {magoo} is volume huge today?

[11:06] {dino} i can turn vol. up magoo

[11:06] {Threei}  not really mags

[11:06] {magoo} please do

[11:06] {magoo} maga or mags he he

[11:08] {dino} hmmm, dji shoiuld drop to around -30

[11:08] {Threei}  UAUA lost its mind

[11:08] {Threei}  should pull back now

[11:08] {Threei}  watch DRYS for that telkeportation pattern

[11:08] {Threei}  did it couple times

[11:09] {Threei}  UAUA too

[11:09] {Threei}  see?

[11:09] {Threei}  to 9 and right back to 9.20

[11:10] {dino} bam -29

[11:14] {dino} missed entry, wanted dia .75

[11:17] {magoo} at least UAUA is still following naz vad

[11:17] {magoo} pattern continues

[11:17] {Threei}  yup

[11:17] {Threei}  UAW PRESIDENT GETTELFINGER HAS REPORTEDLY SCHEDULED A NEWS CONFERENCE LATER TODAY

[11:17] {Threei}  {GM F}

[11:19] {dino} uh oh

[11:19] {Threei}  DRYS again

[11:24] {Threei}  watch UAUA for scalp on NQ bounce

[11:25] {Threei}  WSJ: UAW CONFERENCE WILL REVOLVE AROUND ATTEMTPTS TO SECURE GOVT FUNDING

[11:25] {Threei}  {GM F}

[11:28] {Geo} in .71 2/3 out .92

[11:29] {Threei}  wtg

[11:29] {Threei}  that's exactly the way to play it

[11:29] {Geo} learn from the best hehehehe

[11:31] {Threei}  most likely lower low this time

[11:32] {Threei}  watch for bounce from around .60

[11:32] {Threei}  and NQ of course

[11:33] {dino} hmmm

[11:33] {dino} gj geo

[11:34] {dino} collapse coming

[11:34] {Geo} scratched last 1/3

[11:34] {Geo} Ty dino

[11:34] {dino} pins and needles

[11:37] {dino} dia sm l .35

[11:37] {Threei}  DRYS

[11:37] {Threei}  in

[11:37] {Threei}  .11

[11:38] {Threei}  UAUA .64

[11:38] {Threei}  so fast, can't post in time

[11:38] {dino} out .75, +.40

[11:38] {Geo} UAUA in .68

[11:38] {Threei}  out DRYS .24 .25

[11:39] {Threei}  out UAUA .77 .88

[11:39] {Threei}  .77 and .78

[11:39] {Threei}  both gave nice delaay for entry when NQ jumped

[11:39] {Threei}  if you watched them you could see clearly moment for entry

[11:40] {Geo} out .83 .......

[11:41] {dino} gj

[11:41] {dino} waiting for dia again at .35

[11:42] {dino} bit more fun today, huh?

[11:42] {Threei}  certainly

[11:42] {Threei}  there is some spark

[11:43] {Threei}  vs this dull bleak endless slide

[11:43] {dino} ironically, when i'm scalping i have more fun

[11:43] {Threei}  instant gratification... :)

[11:43] {Threei}  always fun

[11:44] {Threei}  that's why dp prefers vodka over beer

[11:44] {dino} i said to magoo, i'm an idiot, struggled this week because no more capits/euphoric setups, took me until now to "see" that. like banging my head against wall

[11:44] {Threei}  gratification comes faster

[11:44] {dino} sort of like a quickie

[11:45] {dino} expected patience to slap me for that

[11:45] {Threei}  I won't go there, leave you to be trouted by girls

[11:45] {dino} in any case, my edge was taken away, so back to scalps

[11:45] {Geo} i think of a quickie like a modified hug

[11:46] {dino} lol

[11:46] {Threei}  or glorified handshake

[11:46] {Geo} yup

[11:46] {Geo} just have to convince the other(s)

[11:46] {Threei}  great... now girls have three of us to slap

[11:47] {dino} :)

[11:47] {dino} thats the thing they make those purple pills for wrong sex

[11:48] {dino} back to work

[11:48] {patience} i step away for a few minutes....

[11:48] {dino} ;-)

[11:48] {Threei}  and lisa didn't hold the fortress

[11:49] {dino} sell fortress

[11:49] {dino} fig 1.94, wasn't that the ipo about a year ago around 35

[11:50] {Threei}  seriously... can you believe DRYS at 4?

[11:51] {dino} going out of business i think 3i, lots of debt, 70% of contracts expiring, and the current rates are losers

[11:52] {dino} also, doing a secondary

[11:52] {Threei}  this is incredible, how things can go so wrong so fast

[11:53] {dino} yeah, at least the 2000 top took 3 years to unwind

[11:53] {dino} we take 3 months

[11:53] {patience} we still have complete sectors to unwind....commercial real estate for example

[11:53] {dino} look kbr trades at cash

[11:53] {Threei}  no kidding

[11:53] {dino} sgr just about too

[11:54] {Threei}  scariest thing is, there are so many spots in economy that is far from being unwound

[11:54] {Threei}  how whole auto debacle is going to play out,

[11:54] {dino} i believe the problem is no financing for takeovers, so nothing gets taken out of system

[11:54] {Threei}  what about all those CDs

[11:54] {dino} cdo's?

[11:54] {Threei}  insurance contracts for BRK went up hugely

[11:55] {Threei}  yes

[11:55] {dino} ironically most are still paying, something like 5% default rate, but nobody thinks rationally

[11:55] {Threei}  there are voices that whole Buffet enterprise is under serious threat of being ruined

[11:56] {dino} if i had cash and time, i'd be buying them less than .50 on the buck

[11:56] {dino} i hear you, ge too

[11:57] {patience} my father's advice to me....spend your cash on property when the fed governmetn sell theirs to raise funds rather than taxes

[11:57] {dino} good advice

06[11:58] * patience slaps hawkfan4 around a bit with a large trout

[11:58] {patience} oops

[11:58] {patience} how did that happen

[11:58] {dino} i'll crack you up, yesterday i bid a 980 sq ft foreclosure at $55k

[11:58] {dino} the price of a nice car

[11:58] {patience} did you get it?

[11:59] {dino} no response yet, but something tells me in the low 60s i will.

[11:59] {dino} my last one sold 10/25, 5 months did 28%

[11:59] {patience} sweet

[11:59] {dino} ironically, this one will make me more %-wise

[12:00] {dino} sm l dia .35, stop .97

[12:00] {dino} too soon

[12:00] {dino} keep[ the stop

[12:02] {dino} stopped -.38

[12:04] {Threei}  wow

[12:04] {Threei}  nice drop UAUA

[12:04] {Threei}  UAW'S GETTELFINGER: URGES CONGRESS TO TAKE SOME KIND OF ACTION TO SUPPORT THE US AUTO INDUSTRY

[12:04] {Threei}  {F GM}

[12:06] {Threei}  took .04, can't ignore such tight stop

[12:06] {dino} lol, just give the companies to the union, let them run it

[12:06] {Threei}  yeah, and take jets away

[12:06] {Threei}  half out UAUA .14

[12:06] {Geo} well take good care of it

[12:06] {Threei}  out in full

[12:06] {Threei}  .21

[12:07] {dino} dia rinse

[12:07] {Threei}  anyone took UAUA?

[12:07] {Geo} late

[12:07] {Threei}  come on guys... on risk alone that was worth a try

[12:07] {Geo} was at .08

[12:07] {dawg} dawg did 

[12:07] {dino} not i

[12:07] {Threei}  whew

[12:08] {Threei}  for some reason this hoopla about jets irritates me to no end :)

[12:09] {dino} ny jets?

[12:09] {Threei}  populist nonsense, pure distraction needlesly adding to anger in emotionally charged situation

[12:09] {Threei}  no, private jets

[12:10] {dino} ohh, missed that

[12:10] {Threei}  I would never expect CEO of company of this scale to waste whole day in airports in order to get to and from meeting

[12:10] {Threei}  and particular CEO's performance has nothing to with it

[12:10] {wishbone} uaua in .10 out full .2 off q's

[12:11] {Threei}  high five wishbone

[12:11] {wishbone} ty3i

[12:11] {dino} apparently he should have, not like they have helped these companies. least they could have done was jet-pool it

[12:11] {Threei}  is high-fiving a bad taste?

[12:11] {dino} gj wishb

[12:11] {Threei}  DRYS 20 cents bounce

[12:12] {Threei}  money is easy today if you are focused

[12:12] {wishbone} ty dino

[12:12] {Threei}  and don't allow the boredom of last few days to overcome you

[12:14] {magoo} i was on phone..in anything?

[12:15] {Geo} yes in 3i's jet usage discussion

[12:15] {wishbone} should i use isld or arca for Nasdaq issues?

[12:15] {dino} oh, magoo, btw, no more limo use on weekends

[12:15] {Geo} you all are always welcome to jetpool with me.......

[12:16] {Geo} i prefer isld wishbone

[12:16] {Geo} for everything

[12:17] {wishbone} ok....my lvl 2 defaults arca.....ty geo

[12:17] {dino} thx geo

[12:18] {magoo} dont take away my ride dinooooooooooooo

[12:20] {dino} afam sm l .80

[12:22] {Threei}  (US) SENATOR BOND: A BIPARTISAN GROUP OF SENATORS HAS AGREED ON AN AUTO INDUSTRY AID PLAN

[12:22] {Threei}  - Bond, Levin, and Voinovich to hold press conference at 2:30pmET to discuss the details of the plan

[12:22] {dino} is that james bond

[12:22] {Geo} i will not be surprised if the big 3 push in socialized medicine in USA

[12:24] {dino} they are getting the $25 billion that was earmarked for hybrids/etc towards staying alive

[12:24] {dino} and yes geo, politics i'm sure

[12:24] {dino} green dji

[12:29] {Threei}  whoa

[12:29] {Threei}  F and GM

[12:30] {dino} hod dji

[12:35] {dino} well theres the 350 pt range as usual

[12:35] {wishbone} can c be shorted?

[12:36] {Threei}  availability wis\e, yes

[12:36] {wishbone} how do you know if shortable? is there a list?

[12:37] {Threei}  just try to send an order way above current price

[12:37] {Threei}  at 6

[12:37] {Threei}  and see if it goes through

[12:37] {dino} $7 million book deal palin

[12:39] {wishbone} ok....iis "rejected short selling c.....advance features not allowed" the message?

[12:40] {Threei}  you probably have hidden order

[12:40] {Threei}  which is not working in all markets

[12:41] {Threei}  turn that off and you'll get order in

[12:41] {wishbone} oh ok ty3i

[12:42] {Threei}  GM tries for break

[12:42] {Geo} lots of levis for your pleasure dino

[12:49] {dino} :)

[12:52] {lisa_jay} GM - what a breakout.

[12:53] {Threei}  not too shabby eh?

[12:53] {Geo} in .28 out .68

[12:53] {Geo} 300 shares

[12:53] {Threei}  wtg

[12:53] {lisa_jay} I did not take it though

[12:54] {Geo} sheesh all the way back

[12:54] {Threei}  in .39

[12:54] {Threei}  stop under .30

[12:55] {dawg} in .37

[12:56] {Threei}  half out .45

[12:56] {dawg} 1/2 out

[12:57] {Threei}  out full .61

[12:57] {Threei}  nice and easy

[12:58] {dawg} out in full .60

[12:58] {Threei}  first out was .55

[12:58] {Threei}  typing too fast

[12:58] {dawg} yes sir

[13:00] {Geo} in 40 all out 54... TY vad

[13:01] {Chaeron} shucks, just got back and missed all the profits...

[13:01] {dino} out afam .30, +.50

[13:01] {Geo} hey chaer

[13:01] {Threei}  chaeron :(

[13:01] {Threei}  first easy day this week

[13:02] {Chaeron} good... start a pattern... the hard days took long enough to pass.....

[13:03] {magoo} vad

[13:03] {magoo} im eating bacon here

[13:04] {Threei}  I pretend I don't care

[13:04] {magoo} key word pretend he he

[13:12] {Threei}  I am not sujre why GM and F react on this news so enthusiastically

[13:13] {dino} strange, market drops afam continues up

[13:13] {Threei}  no one seen strings attached, there could be simple bridge loan or there could be far-reaching agreement whiping out common

[13:13] {Threei}  look at GM drop

[13:13] {Threei}  it heard me?

[13:15] {Threei}  and this jump means it dismissed my musings?

[13:21] {Chaeron} think you just got taken very seriously

[13:21] {Threei}  now it reviewed them and decided they deserve considerations

[13:23] {Threei}  (US) HOUSE AIDE: THE SENATE AUTO INDUSTRY COMPROMISE AID PACKAGE WOULD BE A NON-STARTER IN THE HOUSE - CNBC

[13:23] {Threei}  {GM F}

[13:23] {Threei}  oh great

[13:24] {dawg}  10 cent scalp in C off Q's bounce thanks Vad

[13:24] {Threei}  we are back to those days of bailout-no bailout every 5 minutes

[13:24] {Threei}  I'll take the credit if you insist... but I don't remember calling it

[13:24] {dawg} sorry in UAUA got to excited 

[13:25] {Threei}  whatever... you are welcome :)

[13:25] {dawg} learning the technique from you though

[13:25] {dawg} only trading 200 shares but still exciting for me

[13:26] {Threei}  MPP describes procedure of raising share size in details

[13:26] {Threei}  follow the procedure to the letter, you'll be fine

[13:27] {dawg} i have read that and am trying to follow cool beans 

[13:30] {Threei}  CBC is discussing buy and hold

[13:30] {Threei}  negative bias

[13:30] {Threei}  I think it's a first time ever I hear that on "official TV"

[13:31] {magoo} what is this "MPP" of which u speak so fondly?

[13:32] {dawg} Master Profit Plan magoo Vad's book

[13:37] {magoo} gotcha lol

[13:38] {dawg} .)

[13:39] {dino}   i want bartriromo to say it's time to short

[13:44] {wishbone} bartriromo....?

[13:44] {Threei}  *CONGRESS WILL REPORTEDLY DELAY ACTION ON AUTO DEAL, NO ENDORSEMENT OF COMPROMISED PLAN BY LEADERS, WILL CONSIDER AUTO AID IN DECEMBER

[13:46] {wishbone} ahhhh....just googled it.......maria......don't get get cnbc here anymore

[13:46] {dino} bwishbone,  years ago, i think july 2003, she started to tell listeners it was time to learn to short. that was the ultimate low and the rally that lasted until october 2007 took place

[13:47] {Threei}  march 2003

[13:47] {Threei}  C LOBBYING LAWMAKERS, SEC TO REINSTATE SHORT SELLING BAN - WSJ

[13:47] {Threei}  sigh

[13:48] {wishbone} yeah sounds like early 2000  when all pundites said buy....

[13:49] {wishbone} least she's easy on the eyes

[13:49] {dino} lol

[13:49] {Threei}  HOUSE AND SENATE DEMOCRATS WANT THE AUTO INDUSTRY TO PRESENT A PLAN FOR HOW THEY WOULD SPEND THE $25B IN AID

[13:50] {Threei}  MTB

[13:50] {Threei}  ANNOUNCES PARTICIPATION IN TARP PROGRAM

[13:52] {Threei}  $1 scalp

[13:53] {Threei}  wow... out too soon

[13:53] {Threei}  could have $2

[13:57] {Threei}  DRYS

[13:58] {Threei}  near 4 again

[13:58] {Threei}  bounce candidate with market

[13:58] {magoo} u in drys? how about UAUA?

[13:58] {Threei}  want to see NQ starting up

[13:58] {Threei}  UAUA not sure

[13:59] {magoo} ok

[13:59] {Threei}  if .10 getting hit on DRYS

[13:59] {Threei}  big offer by NSSSX

[13:59] {Threei}  in

[13:59] {Threei}  .11

[14:00] {dawg} in 

[14:00] {magoo} in 12

[14:00] {Threei}  TREASURY'S PAULSON: BELIEVES NECESSARY STEPS HAVE BEEN TAKEN TO PREVENT A COLLAPSE, FUTHER STEPS ARE BEING TAKEN

[14:01] {Threei}  GM

[14:01] {Threei}  COMPANY MAY REPORTEDLY FACE CASH CALL FROM THREE MAJOR SUPPLIERS - UNCONFIRMED REPORT

[14:02] {Threei}  I hate this news barrage

[14:02] {Threei}  market reacts on it

[14:02] {Geo} and its tough to type it all in here

[14:03] {Threei}  distorts trades

[14:04] {Threei}  DRYS was ready to take off

[14:04] {magoo} stop?

[14:04] {Threei}  under 4

[14:06] {Threei}  TREASURY IS VIGILANT AND READY TO RESPOND

[14:06] {Threei}  - It's naive to blame crisis on the Lehman collapse.

[14:06] {Threei}  - Obama team will have to decide on the future of the GSEs.

[14:06] {Threei}  - Warns against moving too quickly on regulation in response to the crisis

[14:14] {Threei}  Reid speaking

[14:15] {Threei}  (US) SENATOR REID: NO VOTE ON AUTO INDUSTRY THIS WEEK, THE SAD REALITY IS THAT NOBODY HAS COME UP WITH A PLAN THAT CAN BE PASSED BY CONGRESS AND SIGNED BY PRESIDENT BUSH

[14:20] {Threei}  - Prepared to hold legislative session in the first week of December. Automakers will have the chance to make their case at that time.

[14:20] {Threei}  - Believes that President Bush already has the authority to provide automakers with aid under the existing TARP program.{GM F}

[14:21] {Threei}  Paulosn, Reid and Pelosi, all speaking in tunrs - can these three kill the market?

[14:22] {magoo} mkt took a hit

[14:22] {dino}   yes they can

[14:23] {dino} the do nothing congress

[14:23] {Threei}  DRYS vs 3 Mean Speakers

[14:23] {dino} again, the way i see it is it's plain and simple, yes or no, get on w.it

[14:23] {Threei}  so far DRYS is holding his own

[14:23] {magoo} with magoo financial future hanging in the balance

[14:23] {Threei}  not the way they see it...

[14:23] {dino} drys, yes holdinging its own from 115, lol

[14:24] {Threei}  for them it's yes but give us a chance to look good

[14:24] {Threei}  lol, what mean thing to say dino

[14:24] {Threei}  stock is fighting for dear life at 4

[14:24] {Threei}  and you discourage it

[14:24] {magoo} really...magoo downgrades drys from buy to mkt perform

[14:24] {dino} well, you know, magoo says i'm a mean guy

[14:25] {Threei}  and considering the source...

[14:25] {Threei}  I mean, anyone considered mean by magoo mush be pure evil

[14:25] {Threei}  woohoo - Barney Frank joined the three

[14:26] {dino} live in sin, come on in

[14:26] {Threei}  market wrapped it arms around its head, closed eyes, said "this is too much", hanged a stone on rope around its neck and jumped off the cliff

[14:28] {Threei}  Dodd and Frank are going to be instrumental

[14:28] {magoo} time to watch that movie again dino

[14:28] {Threei}  do you feel relief?

[14:28] {dino} yes magoo, nobody picked up that

[14:29] {dino} stephen king, storm of the century

[14:29] {Threei}  I love it

[14:29] {dino} live in sin....

[14:29] {magoo} give me what i want...and i will go away

[14:29] {Threei}  give me what I need and I'll go away

[14:30] {dino} this market is king's hell statement

[14:30] {dino} "hell is repetition"

[14:31] {dino} 3i, ahhh, you've seen it

[14:31] {Threei}  one of my favs

[14:33] {dino} ok, coin flip, sm l dia  .15

[14:34] {magoo} a mkt collaspe here will just destroy whats left of any wimper of hope

[14:35] {Threei}  I see glass half full

[14:35] {Threei}  market simply showed that its very willing to go up if give any slightest reason to do it

[14:36] {patience} tsx -501    good day for me though with goldcorp

[14:36] {dino} the optimist

[14:36] {dino} gj patience

[14:37] {patience} talk to me at 3:45....then i start swearing

[14:37] {Threei}  SEN LEVIN: PROPOSAL REQUIRES LONG TERM PLANS FOR AUTOMAKERS

[14:37] {dino} lol, stop by for a beer then, seems we have been having more lately

[14:38] {patience} i have quit drinking while on my diet...down 47 pounds since june 1

[14:38] {Threei}  are automakers supposed to prepare one plan or a plan for each of these talking heads?

[14:38] {dino} wow!

[14:38] {Threei}  'cause if it's just one, why they all repeat it?

[14:38] {dino} hell, 3i thats why

[14:38] {hawkfan4} holy smokes, nice job patience!

[14:39] {patience} running past ese's house....that must be what does it

[14:39] {wishbone} that's a small child patience....nice work!!!!

[14:39] {patience} ty..feels good, still want to go more

[14:39] {dino} great job

[14:40] {dino} out dia .55, +.40

[14:40] {patience} nice

[14:40] {hawkfan4} I need to get moving, signed up for the Big Sur marathon in April

[14:41] {patience} i'm doing a marathon last week of april too

[14:41] {hawkfan4} nice :)

[14:42] {dino} afam sm l .10

[14:44] {Threei}  (US) SENATOR DODD: PREPACKAGED BANKRUPTCY COULD BE ONE OPTION FOR AUTO MAKERS, THE $25B FIGURE IS A CEILING

[14:45] {Threei}  they are done I think

[14:47] {Threei}  - Auto industry executives failed to appreciate that an "unconditional bailout" was unlikely. Executives admitted no culpability for the industry's problems.

[14:47] {Threei}  ahhh... that's it

[14:47] {Threei}  they didn't sprinkle ashes on their heads

[14:47] {patience} they should have flown with the hoi poi instead of private jet

[14:48] {Threei}  I guess they would get their 25B if they walked

[14:48] {dino} already have it, was awarded in prior bill a month or so ago, but to be used to retool/hybrids/etc, they want it for whatever purposes

[14:50] {Threei}  don't you feel thisall is horribly behind the curve?

[14:50] {Geo} unusual repulsion to below 4

[14:50] {Threei}  I mean, they start making alternative fuel cars now

[14:51] {Threei}  oil stabilizes at some low levels,

[14:51] {Threei}  new cars cost seriously more

[14:51] {Threei}  people shrug and say why would we want to pay such premium

[14:51] {Threei}  and they are again losing sales

[14:52] {dino} mcd hl l .75

[14:52] {Threei}  the whole notion "they didn't build cars people wanted" doesn't ring true to me

[14:52] {Threei}  people wanted big SUVs, they built them

[14:52] {Threei}  that was most profitable and active segment

[14:54] {dino} stopped -.27 mcd

[14:56] {dino} agreed 3i

[14:56] {dino} i won't buy one, they cost 10-20k more, buy alot of gas for that

[14:56] {Geo} out

[14:56] {dino} hybrids i mean. suv's i luv, own 2

[14:58] {Threei}  I have this feeling that if something kills big 3 ultimately, it's going to be this help, lol

[15:05] {Threei}  "they are flying private jets" is now an inalienable part of all big 3 discussions

[15:05] {Threei}  media is the message...

[15:07] {Threei}  if I were in their shoes, first time I heard this "you came to beg for money", my reaction would be

[15:07] {Threei}  wrong. I don't ask for anything. I offer you a deal that is going to be good for both of us.

[15:07] {Threei}  Reject it, we both suffer.

[15:07] {Threei}  Accept it, we both win.

[15:08] {Threei}  If you insist on my self-humiliation as a condition for the deal, screw you.

[15:08] {Threei}  I walk.

[15:08] {patience} you're doing all my major purchases in future vad

[15:08] {Threei}  who pays?

[15:08] {Threei}  :)

[15:09] {Geo} i dont know vad

[15:09] {Geo} i would rather be humiliated get money and make 30 mill  a year

[15:09] {patience} ok, i'm switching to geo

[15:09] {Geo} lol

[15:09] {Threei}  you think they personally still don't have enough?

[15:09] {Threei}  heh

[15:09] {patience} did i tell you i was a blonde

[15:09] {Geo} i mean tits never enuff

[15:09] {Geo} umm its

[15:09] {Threei}  ummm

[15:10] {Threei}  lisa is probably still not here

[15:10] {patience} now that has me rolling around laughing

[15:10] {Threei}  that could be the onlty reason Geo is still unslapped

[15:10] {Geo} hey !!

[15:10] {lisa_jay} what?

[15:10] {Threei}  freudian slip eh?

[15:10] {Geo} genuine (freudian) slip

[15:10] {Threei}  scroll up, lisa :)

[15:10] {Geo} comeon vad

[15:10] {Geo} edit !!!!!

[15:11] {Threei}  no way

[15:11] {Threei}  best freudian slip I've seen in ages

[15:11] {Geo} i mean if i job description said....... make 30 mill a year get chewed out once a few yrs

[15:11] {Geo} i would take it

[15:12] {lisa_jay} lol

[15:12] {Threei}  of course, suggesting a deal I would make sure I am damn well prepared

[15:12] {Threei}  all numbers and projections are in place

[15:13] {Threei}  then it's up to them, deal in numbers or insist on idiotic "your intonation was not begging enough"

[15:14] {Threei}  oh, and if I were an owner of the company ofd this scale and CEO insisted on flying commercial from meeting to meeting, I would have fired him for utter waste of precious time

[15:17] {patience} optics of spending 20K on flight for 3 people...you can't fight it

[15:18] {KSystems} cut his wages so his time isn't precious enough anymore for commercials

[15:18] {KSystems} thats what they want to hear, huh?

[15:18] {Threei}  if that's what makes decisions now, this country goes to hell

[15:18] {patience} patience reaches for Atlas Shrugged to see which page that comment was on

[15:19] {dino} geo, lol

[15:19] {Threei}  on every page, actually :)

[15:19] {patience} true

[15:20] {muddleheaded} Vad, are you trying out any new IntellIscan alerts?

[15:20] {Threei}  not really... 14 windows is more than enough, lol

[15:20] {dino} s&p 775

[15:20] {dino} lod

[15:20] {KSystems} how many screens you have, vad?

[15:21] {Threei}  4

[15:23] {muddleheaded} So same layout for this market? Not stressing shorts?

[15:23] {patience} ok, looking at picking up some Agrium for a relief bounce

[15:24] {Threei}  there are quite a few windows for shorts in my layout

[15:24] {dino} breaking support

[15:24] {Threei}  they cover all markets

[15:24] {dino} going to 7000 imo, soon, not today, but soon

[15:25] {dino} afam stopped -.50

[15:25] {patience} tsx is down 663 points...options jerking us around

[15:28] {muddleheaded} I was just wondering if you had covered up some bullish alerts with bearish alerts thats all. 

[15:28] {Threei}  there are all of them among those 14

[15:29] {magoo} this mkt still blows

[15:29] {magoo} 233 down

[15:29] {Threei}  ah come on

[15:29] {Threei}  good day

[15:29] {magoo} not now

[15:29] {Geo} -1.5  heheheh

[15:29] {magoo} just missed 3

[15:29] {Geo} made a few mistakes

[15:30] {dino} 6 of 10

[15:30] {Geo} vad how do just take the right trades?

06[15:30] * Geo hides

[15:30] {Threei}  that's platinum membership

[15:30] {Geo} sheesh

[15:31] {Geo} the one with private jets only?

[15:31] {Threei}  right

[15:31] {dino} 3:40 bounce? hmmm

[15:31] {wishbone} vad should open up his own "Psychic friends network"

[15:31] {Threei}  lol

[15:32] {dino} -14% since fri high

[15:32] {dino} wrong

[15:32] {dino} yes

[15:33] {patience} dino, you on that network with vad?

[15:33] {Threei}  new prez must be sitting quietly in the corner hinking "why did I need to win this? can we have a muligan?"

[15:34] {Geo} they are already saying

[15:34] {Geo} forget new new deal

[15:34] {dino} lol

[15:34] {Geo} clean up the old new deal forst

[15:34] {Threei}  oil under 49

[15:35] {Geo} cux fre fnm uaw all part of old new deal

[15:35] {dino}  it's all my fault, i switched to gas in sept. from oil, and that has decimated all markets

[15:36] {dino} c 4.76

[15:37] {dino} ge hit 12.50

[15:37] {dino} ms 9

[15:39] {dino} here comes my b-day again

[15:39] {KSystems} lol

[15:39] {Threei}  BOHICA

[15:39] {dino} 550 pt range +/-

[15:40] {magoo} u dont think this mkt blows?

[15:41] {muddleheaded} Check out this guys Dow prediction for this week. So far pretty good. http://www.godlikeproductions.com/members/details.php?member=35984

[15:42] {wishbone} how to cut for pasting from Mirc?

[15:42] {dino} relentless

[15:43] {dino} [15:25] {dino} going to 7000 imo, soon, not today, but soon

[15:43] {dino} i didn't mean today

[15:43] {dino} sheesh

[15:43] {dino} only 500 to go

[15:43] {KSystems} this has to be a lot easier for someone who is completely new to this

[15:44] {dino} history in the making

[15:44] {patience} i'm with you KS....I'm hesitating pulling trigger to get agrium...

[15:44] {patience} and i know i can scalp it

[15:46] {patience} but life is short and sweet and so am i, so here we go

[15:46] {dino} wmt holds flat

[15:47] {dino} deck, wmt, apol green

[15:49] {dino} losing 8%/day lately, so in 10 days we should bottom around zero

[15:50] {dptl} have a good evening all

[15:50] {dino} u2 dp

[15:50] {Threei}  take care dp

[15:50] {KSystems} bye dp

[15:51] {dawg} another 15 cent  scalp off Q's bounce in UAUA

[15:51] {Threei}  thgings become easy when you get the pattern down eh dawg?

[15:52] {dino} gj dawg

[15:52] {dawg} yes sir and i do thank you for teaching me!

[15:52] {dawg} ty dino

[15:56] {peterg} omigod, I am checking in for the finale

06[15:57] * KSystems is listening to Orff - Carmina Burana

[15:57] {peterg} nice

[15:57] {KSystems} fits

[15:57] {Threei}  carmina buranas?

[15:57] {Threei}  try Burma Shave

[15:57] {Geo} c spike

[15:58] {Threei}  I don't see news

[15:59] {wishbone} ya geo thought about c long there....but hesitation has no destination

[15:59] {Threei}  bell brings salvation

[16:00] {patience} quick, turn off the lights

[16:00] {Threei}  turn those machines off

[16:00] {peterg} how did we do today?

[16:00] {peterg} or read log ok ok

[16:00] {Threei}  first half of the day was pure beauty

[16:01] {Threei}  then PTB opened their big mouth

[16:01] {wishbone} lol

[16:01] {peterg} pt barnum cirdcus man

[16:01] {peterg} ?

[16:01] {Threei}  and blabbed about saving us

[16:01] {Threei}  until finally dsaved into -430 DJI

[16:01] {Threei}  Powers That Be

[16:02] {peterg} ck

[16:02] {Threei}  also,

[16:02] {dino} the stability they have provided is quite amazing

[16:02] {Threei}  they so concerned about big 3 ceos flying in private jets

[16:03] {Threei}  that Boing dropped 2 and half points

[16:03] {Threei}  yep, we are pretty much stabilized by them now

[16:03] {muddleheaded} Thanks everybody, have a good night.

[16:03] {Threei}  isn't it incredible... they truly have no slightest idea what they are doing

[16:04] {Threei}  OK guys, have a good evening

[16:04] {magoo} mkt gonna be 3000 by next thurs at thuis rate

[16:04] {Threei}  see you tomorrow

[16:04] {Threei}  mags...

[16:04] {lisa_jay} thanks vad

[16:04] {Threei}  do we buy there or do we wait for zero?

[16:04] {magoo} how can it sell off everyday???

[16:05] {dino} i agree 3i, i think the traders/hedgies/funds/etc, see that we are being led by a bunch of celebrities, not knowledgable people

[16:05] {Geo} arent treasure rates the lowest ever?

[16:05] {Threei}  and that doesn't really instill confidence, eh?

[16:05] {Geo} looks like the great flight to treasuries ever

[16:06] {Threei}  In Paulson's speech today he didn't once refer to the source of the problems being he and his Wall Street colleagues who agreed to build the previous Bull on the back of a ponzi scheme called credit default swaps. At the point he departed Wall Street to join the Treasury Dept, he had to have known that there was no way for his industry to unwind those positions and that as soon as the Bears and Lehmans failed, which broke the credit ring, the game was over.

[16:07] {dino} greenspan just as much at fault too. 

[16:07] {Threei}  oh yeah

[16:07] {Geo} thats liars loker guy wrote a great article too

[16:07] {Geo} poker

[16:08] {dino} read it, thx geo, you posted it prior

[16:08] {dino} that liars poker book was good book too

[16:09] {Geo} why do i get the feeling scretly chaer has been betting against all this

[16:09] {Threei}  interesting thing to me in this day trading is,

[16:10] {Threei}  stocks go down like you need to drag them by the leash

[16:10] {Threei}  but as soon as upward impulse appears, they jump like crazy, seemongly knowing no limit

[16:10] {magoo} but vad..we hit 490 down AGAIN...

[16:10] {dino} for all of 10 minutes

[16:10] {Threei}  sure

[16:10] {Geo} like beach balls

[16:10] {Threei}  I am talking about the weay they trade

[16:11] {magoo} thats cause 100 dollar stox are 4 bux

[16:11] {Threei}  down is slow and torturous

[16:11] {patience} you don't think it isn't program trading

[16:11] {Threei}  up is fast, furious, easy

[16:11] {Geo} at this rate the program guys wont have much to trade

[16:11] {Threei}  I don't know

[16:12] {Threei}  sometimes it's easy to spot programs

[16:12] {Threei}  sometimes it's impossible

[16:12] {Threei}  easy to spot only those that work for quick scalping

[16:12] {dino} i think it's liquidations, by all, hedgies, mutual funds, individuals, pensions, etc.

[16:12] {Geo} agree dino

[16:12] {Threei}  that teleportation pattern we noticed and exploited quite a few times is certainly program trading

[16:12] {dino} insurers, banks, brokers, shall i go on?

[16:13] {Threei}  yeah dino

[16:13] {Threei}  a lot of it is forced

[16:13] {patience} i did too dino, but selling before tax cutoff day for the year, 30 days hence...thought big redemptions were done

[16:13] {Threei}  redemptions, margin calls

[16:13] {dino} my god wait until statements go out at end of month

[16:13] {Threei}  tax selling

[16:13] {magoo} good news is when market hits zero vad...odds are in our favor to go long

[16:13] {dino} they will pop it up 800 pts last two days to try and take some pain out

[16:13] {Geo} lol

[16:13] {Threei}  well mags,

[16:13] {Threei}  let's say not huge odds... but a bit more favorable than now

[16:14] {dino} i have a friend that wanted to retire next year, not happening now

[16:14] {Threei}  I am sure that's a very common situation these days

[16:14] {Threei}  (US) WHITE HOUSE SAYS THAT PRES BUSH COULD SUPPORT SENATE COMPROMISE AUTO DEAL, URGES CONGRESS TO PASS COMPROMISE AS SOON AS POSSIBLE

[16:15] {Threei}  Bush said "this sucker could go down"?

[16:18] {dino} so much for lame duck

[16:19] {dino} s&p has given back 11 years of gains

[16:23] {Threei}  payback is a b*tch

[16:25] {dino} gn all

[16:25] {Threei}  take care, see you tomorrow

Nov 19 2008

Another miserable day for the markets. Trading is choppy. A few good trades, a few stops, then couple nice hits on GS and UAUA made a day profitable at about average level. But fun it isn't, too much like work

Session Time: Wed Nov 19 00:00:00 2008

[08:01] {magoo} morning comrades

[08:06] {Threei}  good morning

[08:11] {magoo} :)

[08:12] {Threei}  I see yesterday's last minutes action has all observers puzzled

[08:15] {magoo} really...q's powered up hard afterhours

[08:16] {magoo} news FSLR vad?

[08:19] {Threei}  11/19/08 08:01am

[08:19] {Threei}  [FSLR] First Solar Inc. Price Target lowered to $120 from $170 at Friedman, Billings, Ramsey, maintains market perform rating

[08:20] {Threei}  also in this sector, LDK reported earnings

[08:20] {Threei}  06:10am [LDK] Reports Q3 $0.77 v $0.71e, R $541.8M v $486.7Me

[08:29] {magoo} ty

[08:30] {Threei}  OCT CONSUMER PRICE INDEX M/M: -1.0% V -0.8%E;

[08:30] {Threei}  CPI EX FOOD-ENERGY M/M: -0.1% V 0.1%E

[08:31] {Threei}  - CPI y/y: 3.7% v 4.0%e

[08:31] {Threei}  - Core CPI Y/Y: 2.2% v 2.4%e

[08:36] {Threei}  SAUDI OFFICIAL : OWNERS OF HIJACKED SHIP ARE NOGOTIAING RANSOM

[08:37] {Threei}  that's it

[08:37] {Threei}  magoo... I will take care of eye patches

[08:37] {Threei}  get a few parrots

[08:37] {Threei}  chaeron will bring wooden legs

[08:37] {Threei}  we need to change careers

[08:38] {magoo} pirates extoted 50 million last year

[08:38] {magoo} in ransom...lucrative

[08:39] {Threei}  don't you find it hard to believe this can go on in modern world for any period of time excedding couple months?

[08:40] {Threei}  I mean, everyone knows who they are and where they strike

[08:41] {magoo} hell, they see where the saudi tanker is currently anchored

[08:41] {Threei}  yeah, it's not like you can hide oil tanker, lol

[08:50] {Threei}  IRANIAN PRESIDENT: IRAN WILL MOVE AHEAD WITH NUCLEAR PROGRAM

[08:51] {magoo} unless we give the 45 billion of TARP

[08:51] {Threei}  but then we won't have enough for pirates

[08:55] {magoo} goldman ups rimm target to 68

[08:55] {magoo} he he..timing uncertain

[08:55] {Threei}  but of course

[08:55] {Threei}  is there anything in life with certain timing?

[08:56] {magoo} im certain today i will be mad at one of your calls..its a certainty lol

[08:57] {Threei}  MPEL

[08:57] {Threei}  HEARING SHARES RAISED TO BUY AT UBS

[08:57] {Threei}  yes, but can you tell me WHEN it's going to happen?? :)

[08:58] {lisa_jay} Good morning everyone.

[08:58] {Threei}  lisa :)

[08:59] {magoo} i can..u been misdsing your second call everyday

[09:00] {Threei}  hmm?

[09:04] {magoo} im teasing u lol

[09:04] {hawkfan4} gm all

06[09:05] * magoo slaps Threei around a bit with a large trout

[09:05] {magoo} there,..feel better?

[09:06] {KSystems} Good morning!

[09:06] {Threei}  hawk, ks :)

[09:06] {Threei}  I still think the timing of you getting mad at me is uncertain

[09:06] {Threei}  unless you can tell me it's going to happen at, say 11:12 am

[09:07] {Geo} gm

[09:07] {Threei}  geo :)

[09:08] {magoo} its going to happen 2 minutes after your second trade..OK?

[09:08] {Threei}  ah OK

[09:08] {Threei}  conditional timing

[09:09] {magoo} so if u refuse to make more than 1 call today..u may think..hey magoos not mad

[09:09] {magoo} but wrong..because then i am mad that u are not doing anything

[09:09] {magoo} so heck,,make the call..i get mad...we move on he he

[09:09] {Threei}  complicated...

[09:10] {magoo} im a complicate guuy

[09:10] {Threei}  can you just get mad at me now, so we get it out of the way?

[09:10] {magoo} i am starting too he he ..yes

[09:10] {Geo} sheesh you guys bicker like old BFFs

[09:10] {KSystems} BFF?

[09:10] {Geo} best friends forever

[09:10] {KSystems} ahhh

[09:10] {cosmo} psyco-drama .... good therapy

[09:10] {Geo} there is a show on MTV

[09:11] {Geo} i want to be paris hilton's BFF

[09:11] {Geo} watch it for american culture K

[09:13] {ese} good morning everyone.........just call me Mr observer these days..........it's a music teachers lot in life at this time of the year

[09:14] {Geo} hey ese

[09:14] {ese} geo

[09:14] {Threei}  ese :)

[09:14] {ese} morn vad

[09:14] {dptl} good morning all

[09:14] {Threei}  dp :)

[09:15] {ese} dp......

[09:15] {dptl} :)

[09:16] {Onix} Good morning all

[09:16] {ese} onix

[09:17] {Threei}  onix :)

[09:17] {dino} gm all

[09:17] {Threei}  dino :)

[09:17] {Onix} hi dino

[09:18] {dino} :)

[09:19] {dino} i guess w/these pirates, if you steal big enough "prize", owners will pay rather than lose lose it. sort of like mafia, pay for protection

[09:25] {cosmo} osip,idmi,teva...Pharm stocks

[09:26] {lisa_jay} Premarket movers Cosmo?

[09:26] {cosmo} looks like

[09:26] {cosmo} checking

[09:26] {lisa_jay} CMCSA

[09:27] {cosmo} # Teva gets FDA approval for generic asthma drugAP(Wed 8:47am)

[09:27] {Threei}  TEVA's FDA approvals rarely mean something

[09:27] {Threei}  majority of them are for diff dosage

[09:28] {cosmo} hmm

[09:28] {lisa_jay} Ok, thanks Vad

[09:34] {magoo} vad, rimm bounce somewhere?

[09:34] {Threei}  off 47 seems right, just need NQ help

[09:37] {magoo} in .65

[09:39] {magoo} weird pullbk

[09:39] {magoo} naz up

[09:40] {magoo} stopped

[09:40] {magoo} wtf

[09:43] {wishbone} gm all

[09:43] {Threei}  wishbone :)

[09:45] {Threei} Long Setup:  PAAS  .50 break half lot

[09:46] {Threei}  stop under .40

[09:47] {magoo} man-0-man..fslr losing 100

[09:47] {dptl} stopped paas

[09:48] {lisa_jay} Stopped -12c

[09:49] {Threei}  GNW

[09:49] {Threei}  HEARING JP MORGAN MAKING POSITIVE COMMENTS ON LIKELIHOOD THAT GNW WOULD RECEIVE TARP FUNDING (TIMING UNCERTAIN)

[09:50] {lisa_jay} Paas going now

[09:51] {ese} everthing i'm looking at looks like the market trying to squeeze blood from a stone....... 

[09:51] {cosmo} tulip...

[09:51] {ese} that too

[09:51] {lisa_jay} PAAS sigh

[09:54] {magoo} same ole chop 

[09:54] {lisa_jay} yup

[09:57] {Geo} maan PAAS stopped for a cent

[09:58] {Threei} Long Setup:  C  .96

[09:58] {Threei}  if stays above .85

[09:59] {magoo} full?

[09:59] {Threei}  with this size of stop, sure

[09:59] {magoo} in

[10:00] {Threei}  FED'S KOHN: SPENDING V SAVING IMBALANCE A ROOT CAUSE OF CRISIS, NOT NECESSARILY LOSS IN CONFIDENCE - Q&A

[10:00] {Threei}  - Decisions on additioanl IMF funding should come from local governments

[10:00] {Threei}  - BoC will not act on 'auto pilot' throughout the crisis

[10:01] {dptl} out +.10 c ty

[10:01] {Threei}  welcome

[10:02] {Threei}  gold and silver related stocks on a rampage

[10:02] {tomg} ty C vad

[10:02] {magoo} ty c vad..out

[10:02] {Threei}  PAAS, SSRI, GG

[10:02] {Threei}  welcome guys

[10:04] {Threei}  RIMM... what the hell was that

[10:05] {lisa_jay} Look at C go...nice

[10:05] {Onix} out C .08 ty Vad

[10:06] {dino}  sm dia l .50

[10:07] {Threei} Long Setup:  ADBE  .50 break if stays above .40

[10:08] {lisa_jay} In

[10:09] {Threei}  GM SPOKESPERSON: WILL HALT PRODUCITON IN THAILAND FROM MID DED-JAN

[10:10] {Threei}  over 1:1

[10:10] {lisa_jay} Thanks Vad got 10c

[10:10] {Threei}  I am still trying to squeeze more, half out

[10:10] {Threei}  stop under b/e

[10:10] {magoo} me too

[10:11] {lisa_jay} Nice

[10:11] {Threei}  1:2

[10:11] {lisa_jay} Almost 1:3

[10:11] {dptl} out adbe ty

[10:11] {Threei}  :)

[10:11] {dino} dia stop to b/e

[10:12] {magoo} out here TY

[10:12] {tomg} thanks vad

[10:12] {Threei}  welcome guys

[10:12] {Geo} got both in a row TY vad

[10:13] {magoo} oh oh

[10:13] {magoo} im not mad at second trade

[10:13] {Threei}  we have a problem magoo

[10:13] {Threei}  that's what I just thought about

[10:13] {Threei}  your timing is OFF!!!

[10:13] {Threei}  big time

[10:13] {Threei}  so stop sniping at those poor analysts

[10:15] {Threei}  let's assume we are in sustained uptrend for now and try to get pullback entry

[10:15] {Threei}  .65 area for Qs

[10:15] {magoo} agree..we are WAY oversold

[10:16] {magoo} yesterdays up still was neg 2:1

[10:16] {Threei}  wait for pause and reversal

[10:16] {Threei}  not price alone

[10:17] {Threei}  in

[10:17] {Threei}  stop under .60

[10:19] {Threei}  MICHIGAN SENATOR LEVIN: CONGRESS AGREES AUTOMAKERS NEED HELP, BUT HAVE YET TO AGREE ON WHAT THE SOURCE OF THE BRIDGE LOAN SHOULD BE

[10:19] {magoo} in .79..u?

[10:19] {Threei}  ??

[10:19] {magoo} adbe

[10:19] {dino} out dia .90, +.40

[10:19] {Threei}  I am not in ADBE

[10:20] {Geo} out

[10:20] {dptl} ah...stopped q's

[10:20] {dino} blast off 70 drop 70

[10:20] {lisa_jay} Stopped  -8c.

[10:20] {dino} 60-70-80 was yesterday

[10:27] {Onix} stopped Qs

[10:28] {dino} waiting for dia at .25

[10:29] {Threei}  bounce off .50 Qs

[10:30] {Threei}  worth a try with stop right under

[10:31] {Threei}  not holding support

[10:32] {dino} cx dia

[10:32] {dino} wait at .15

[10:35] {Threei}  DOE CRUDE: +1.6 V +1ME;

[10:35] {dino} darn, .25 was correct

[10:35] {Threei}  GASOLINE: +540K V UNCH. EST.; DISTILLATES: -1.47M V +700KE;

[10:35] {dino} sm l .15 dia

[10:36] {dino} stop is lod

[10:38] {dino} waiting at .55 dia, scalp day

[10:41] {magoo} so far..mkt disappoinrts {as usual}

[10:41] {hawkfan4} sigh

[10:41] {Threei}  or jusrt forms a flag

[10:41] {dino} move sell to .65

[10:42] {dino} feels up

[10:42] {magoo} someday..like in 89 yrs..its going to pop..breathe and actually resume upward for 1 day

[10:42] {Threei}  NQ is 15 points from high

[10:42] {Threei}  what is it, any significant drop by any standard, let alone by todays?

[10:42] {dino} then again

[10:43] {Threei}  .30 nearest support for Qs to watch

[10:44] {Geo} .31 lod

[10:45] {Threei}  in

[10:46] {Threei}  stop under .20

[10:46] {dino} dia stopped .72 -.43

[10:47] {Threei}  DEPT OF HOMELAND SECURITY: RECENT AL-QAEDA MESSAGE INDICATES NO ADDITONAL THREAT

[10:48] {Geo} vad dcc when you out of position pls

[10:50] {Chaeron} Hi all

[10:51] {Threei}  chaeron :)

[10:51] {magoo} chaer:)

[10:52] {magoo} i dunno..thats p[retty ugly Q chart

[10:53] {Threei}  tries for double bottom

[10:55] {lisa_jay} nope

[10:56] {magoo} look at the difference of run up vs decline

[10:58] {dino}  stepping aside

[10:58] {lisa_jay} Dell is holding at .50 with this Q's drop...well broke now.

[11:09] {Threei}  drop seems to be done to me

[11:09] {Threei}  last shakeouts before reversal to the upside

[11:09] {lisa_jay} Yes.

[11:09] {magoo} i like q long off .15

[11:10] {magoo} in

[11:14] {lisa_jay} stop?

[11:15] {dino} 8250 coming imo

[11:15] {magoo} here lisa

[11:16] {magoo} not looking good

[11:16] {magoo} SIGH

[11:26] {dino} [11:15] {dino} 8250 coming imo

[11:27] {Geo} http://www.abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1

[11:27] {Geo} lol

[11:27] {Geo} i love beggers with private planes

[11:28] {dino} i love waitresses, i ask for stuff, they bring it

[11:28] {Geo} :)

[11:30] {magoo} 200 down here

[11:31] {Geo} neg 179

[11:32] {Geo} and vad's disgusted with me

[11:32] {dino} -16 here

[11:32] {dino} me too

06[11:32] * Geo slaps Geo around a bit with a large trout

[11:34] {Threei}  GS is not making new lows anymore

[11:35] {Threei}  61 break long

[11:36] {dino} for now

[11:36] {dino} having data issues w/cyber

[11:37] {Geo} i was on sim..... but i got filled and stopped out real fast

[11:37] {magoo} call chuck

[11:37] {magoo} 1-888-547-3421

[11:37] {Threei}  where was your stop??

[11:38] {dino} magoo, don't know how to say this, but dino is chuck

[11:38] {Geo} .86

[11:38] {Threei}  last low was .75

[11:39] {Threei}  .86 is not a level for a stop

[11:39] {Geo} i got 61 break then got stopped....

[11:39] {Geo} i was simming and didnt get time to adjust it :(

[11:39] {Geo} will aDJUST

[11:39] {Geo} oops

[11:39] {Threei}  it hit 1:1 with correct stop

[11:39] {Geo} darn

06[11:39] * Geo back to tweaking

[11:40] {magoo} all u wante was 1:1 vad?

[11:40] {magoo} i still in

[11:40] {Threei}  half

[11:40] {Threei}  trying for more on second half

[11:40] {Threei}  stop is under .90 now

[11:41] {magoo} wheres significant q support?

[11:41] {Threei}  which timeframe?

[11:41] {Threei}  daily or today?

[11:42] {magoo} today

[11:42] {Threei}  27.60

[11:42] {dino} none today, yesterday imo 27.50

[11:42] {dino} then 27.33

[11:43] {Threei}  out second half

[11:45] {Threei}  aww

[11:45] {Threei}  shake

[11:45] {magoo} its tough..u were too tight

[11:45] {magoo} was gapping 

[11:45] {Threei}  I guess

[11:50] {magoo} q long here..worth a shot

[11:50] {Threei}  rehabilitated GS

[11:50] {Threei}  took it again at 61.05

[11:51] {Threei}  out here

[11:51] {magoo} im waiting muxch higher

[11:51] {magoo} .81

[11:51] {Threei}  good luck

[11:51] {Threei}  I am not that patient

[11:52] {dino} hmmm was waiting for 8163

[11:52] {dino} will try dia sm l 82.35 area if it gets there

[11:53] {hawkfan4} scary, but trying FAS 24.95 off GS recovery idea.  3 X financial sector ETF.  wide stop

[11:54] {dino} 3x's ? hmm 

[11:54] {ese} hmmmm thought about TSL at 7.30    but have to sign off....don't have enough time to watch

[11:54] {ese} have a great day all

[11:54] {hawkfan4} u2 es

[11:54] {ese} see ya hawk

[11:54] {Threei}  take care ese

[11:55] {ese} see ya vad

[11:55] {magoo} kivckin it

[11:57] {magoo} out here .78

[11:57] {magoo} patience is a virtue

[11:57] {Threei}  wtg

[11:57] {dino} leave patience out of it

[11:57] {magoo} actually saw .83..but i was to close to miss exit

[11:57] {magoo} readjusted

[11:58] {Threei}  good approach

[11:58] {Threei}  no need to lose such gain because of last couple cents

[11:58] {dino} gj

[12:02] {Geo} of to work.... good trading all

[12:02] {Threei}  take care geo

[12:03] {dino} cya geo

[12:05] {magoo} geoooooooooooooo

06[12:05] * magoo slaps Geo around a bit with a large trout

[12:05] {hawkfan4} cya geo

[12:07] {Threei}  .80 break Qs, anyone's up to try?

[12:08] {magoo} in

[12:08] {Threei}  ummm... it didn't break yet? :)

[12:08] {magoo} i took .70

[12:08] {Threei}  oh, earlier

[12:08] {Threei}  lol

[12:09] {magoo} when i was looking for support

[12:12] {dino} see that 80 pt bounce 80 pt drop

[12:14] {dino} holding lows so far dji

[12:16] {Threei}  lows are getting tested too many times

[12:17] {Threei}  danger of not holding is higher each time

[12:18] {dino} risky sm l dia .35

[12:18] {magoo} have i said that this mkt blows?

[12:19] {dino} stop dia is .94

[12:23] {Threei}  have a look at where your exit on GS was vs top of the move magoo

[12:24] {magoo} nice huh?

[12:24] {magoo} lil skerry

[12:24] {Threei}  5 cets unde top

[12:25] {Threei}  I'd say precision almost surreal for this stock

[12:35] {Threei} Long Setup:  GS  .20 break

[12:35] {Threei}  small shares

[12:35] {Threei}  stop under .90

[12:36] {magoo} in

[12:36] {Threei}  tries for double bottom confirmation break

[12:36] {dptl} stopped....

[12:38] {dino} dia 1/1

[12:40] {Threei}  shake

[12:40] {dino} stop to .75

[12:40] {magoo} the way to play it is take only 100-200 shares..give it a .75 cent stiop..avod rinse

[12:40] {dino} to .85

[12:41] {magoo} and let it run if IF gets going

[12:41] {Chaeron} kick it

[12:41] {magoo} that too

[12:42] {dino} bam, stopped .85 +.50

[12:43] {Threei}  YHOO under 10...

[12:44] {Threei}  if I were a shareholder I'd be steaming mad about rejecting that MSFT offer

[12:44] {Threei}  if I were MSFT I'd make evil laughter sounds 24/7

[12:44] {Chaeron} if you were MSFT, you'd hire someone to do it for you...

[12:45] {Threei}  no way

[12:45] {Threei}  I hire someone to do work

[12:45] {Threei}  this is pure pleasure, I'd do it myself

[12:45] {Chaeron} ah... :)

[12:45] {Chaeron} now can you kick the Q's and derive pleasure from that?

[12:45] {Chaeron} thank you

[12:46] {Threei}  yes but if it loses .65 I am not responsible

[12:46] {dino} ok, 80 pts up happened, now drop as usual?

[12:46] {Chaeron} um... I want it to *take* .65... 60.65 that is

[12:47] {Threei}  Qs?

[12:47] {Threei}  60.65?

[12:47] {Threei}  Charon... I want what you are smoking

[12:47] {Chaeron} ooops... sorry... I forgot... I was playing GS... *blush*

[12:47] {dino} yeah, 34/share cash looks darn good now

[12:49] {Threei}  they tried to leverage with Goog and miscalculated badly

[12:50] {Threei}  both deals fell through

[12:50] {Threei}  now it looks like it's going to be just a carcass for Goog to feed on

[12:51] {Threei}  US TREASURY'S KASHKARI: TREASURY. FDIC, AND FED HAVE STABILIZED MARKETS, AVOIDED COLLAPSE, SECURITIZATION MARKET IS A 'PROMISING OPPORTUNITY' FOR TARP PROGRAM

[12:51] {Threei}  - Reiterates Paulson's comments that the TARP program is not a stimulus or economc growth plan

[12:51] {Threei}  in case you haven't noticed, markets are stabilized

[12:52] {Threei}  are we on the same planet with fed?

[12:52] {dino} hmmmm, jawboning is not working

[12:53] {Chaeron} just glad I'm not the only one confused

[12:53] {dino} me thinks he protests to much

[12:53] {Threei}  who?

[12:53] {dino} ok theres 40 pts of the 80 down

[12:53] {dino} 50

[12:54] {Chaeron} I'm ut GS... -.01... just don't care

[12:54] {magoo} ty it will go now 

[12:54] {dino} \you're starting to feel as i feel chaer

[12:55] {magoo} oct nov have worn me out

[12:55] {dino} the shark says bear makets wear you out, getting to me

[12:55] {magoo} dont even like trading anymore

[12:55] {Chaeron} I'll be back... have the markets straightened out when I return so we can make $$$

06[12:55] * dino slaps magoo around a bit with a large trout

06[12:55] * Chaeron slaps magoo around a bit with a large trout

[12:57] {dino} brb

[12:57] {Chaeron} (me and dino are going out for beers  :)

[12:58] {KSystems} arent there going to be FOMC minutes in an hour?

[12:59] {Threei}  yes

[13:02] {magoo} long 200,000 shares q at .69..out here .74

[13:03] {magoo} .05 x 200k = + 10k

[13:03] {magoo} fast too

[13:03] {magoo} lol

[13:05] {Threei}  once again same pattern

[13:06] {Threei}  we touch lows, everything looks like ready to go to hell - sharp spike and rally out of nowhere

[13:10] {magoo} hardly a rally just yet..not bustin on ya..just not convinced

[13:11] {Threei}  no, not yet

[13:11] {Threei}  spike took place, whether it's followed up by rally remains to be seen

[13:11] {magoo} f'in GS stalled same area 1 dollar less..saw .81 prints

[13:12] {magoo} like 1 second worth and all the way back down

[13:19] {magoo} of course mkt has to fall hard..god forbid it moves up

[13:22] {dino} sm l dia .65

[13:30] {dino} stop is break of lod

[13:33] {Threei}  we are neaqring yesterday's low

[13:34] {dino} stopped -.51

[13:37] {dino} 8105 yesterday lod

[13:52] {dino} [11:52] {dino} hmmm was waiting for 8163

[13:52] {dino} on the nose

[13:54] {Threei}  ok... rally or fizzle out now?

[13:54] {dino} dino pats himself on his back

[13:54] {patience} patience pats dino on the back

06[13:54] * Threei pats all backs he can reach

[13:55] {dino} ty patience

[13:57] {patience} i want the momo days we used to get a few years ago....this is teeth grinding now

[13:58] {muddleheaded} FOMC minutes released at 2:00 PM.

[13:59] {Threei}  I doubt they'll matter much

[13:59] {peterg} afternoon folks.

[13:59] {Threei}  hi peter

[14:00] {peterg} things slow?

[14:00] {Threei}  MINUTES OF THE OCT 29 FOMC MEETING: POLICYMAKERS SAW ECONOMY SHRINKING THROUGH MID 2009, SAW POTENTIAL NEED FOR MORE RATE CUTS

[14:00] {Threei}  Cuts 2009 GDP growth -0.2% and 1.1% v +2% -2.8%

[14:00] {Threei}  2009 jobless 7.17.6 v 5.3-5.8% range

[14:01] {Threei}  - Saw policy challenges due to low rate, agreed inflation has fallen 'materially', aggressive easing would cut inflation risk

[14:03] {Threei}  bunch of meaningless lines

[14:03] {Threei}  GS

[14:03] {Threei}  .40 break going to try

[14:03] {Threei}  with stop under .20

[14:04] {Threei}  invalidated

[14:05] {Threei}  58.10 break if holding .90

[14:06] {Threei}  PIMCO'S BILL GROSS: FED MAY HAVE TO CUT RATES TO 0% TO STIMULATE ECONOMY - CNBC

[14:06] {dino} vad, symbol for dji e-mini?

[14:06] {KSystems} ym

[14:07] {dino} ty

[14:07] {KSystems} np

[14:08] {Threei}  58 break

[14:08] {Threei}  if holding above .80

[14:10] {magoo} in bossasauras

[14:11] {Threei}  over 1:1, half out

[14:11] {Threei}  scalpers are scalpers

[14:13] {Geo} back

[14:13] {Geo} things any better?

[14:13] {Geo} for some reason i am hating these days

[14:13] {Threei}  were they bad?

[14:14] {Threei}  1:2

[14:14] {Geo} 1:2 what what??

[14:14] {Threei}  replay isn't working?

[14:14] {magoo} waiting .61

[14:15] {magoo} out .57

[14:15] {Threei}  out .53

[14:15] {magoo} wanted to bank it

[14:15] {magoo} nice bossasaurasmonk

06[14:16] * KSystems slaps laserdave1 around a bit with a large trout

06[14:16] * laserdave1 slaps Threei around a bit with a large trout

[14:17] {Threei}  sigh

[14:17] {laserdave1} thats crazy

06[14:17] * magoo slaps laserdave1 around a bit with a large trout

[14:17] {laserdave1} i guess u trained him very well Vad

[14:17] {laserdave1} that was fast

06[14:17] * laserdave1 slaps Chaeron around a bit with a large trout

[14:17] {Geo} german precision

06[14:17] * laserdave1 slaps Geo around a bit with a large trout

[14:17] {KSystems} Harrr

06[14:17] * laserdave1 slaps KSystems around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

[14:18] {magoo} hey..what i do :)

[14:18] {laserdave1} your just a nice guy

[14:18] {laserdave1} so you end up being the lucky one

[14:18] {magoo} vads a nice guy too

[14:19] {magoo} dcc quick lasr

[14:20] {dino}  going for yesterdays lod dji, imo

[14:26] {Threei}  here is a first sign of that screaming rally coming, ,lol

[14:27] {Geo} http://www.msnbc.msn.com/id/27766333/

[14:27] {Geo} looks like they sank the mother ship

[14:28] {magoo} cramer cally out rally monkey..resounding OY

[14:33] {Threei}  I find this bickering about their private jets meaningless and idiotic

[14:34] {dino} you know, it's simply yes or no. move on the election is over. i vote no, and send them to debtor in possession bankruptcy

[14:35] {Threei}  yes

[14:35] {dino} new dji low

[14:35] {Threei}  but all this "how did you arrive here, commercial or private" is just populist and has nothing to do with real issues

[14:36] {dino} even having it on tv is b.s

[14:36] {Threei}  anyone expecting CEO of compnay of this scale to travel by bus or train or commercial has no idea what he is talking about

[14:37] {Threei}  it's nothing but play on the lowest kind of emotions of population

[14:39] {Threei} Long Setup:  UAUA  .81, stop under .75

[14:40] {Threei}  invalidated

[14:42] {Threei}  still wastching, any market meaninfgul recovery should take UAUA up about 50 cents

[14:42] {Threei}  pullback entry

[14:44] {Threei}  in

[14:44] {dawg} in 

[14:44] {lisa_jay} stop vad?

[14:44] {Threei}  under day low

[14:45] {magoo} full?

[14:45] {Threei}  with stop about 15 cents...

[14:46] {magoo} in .80

[14:48] {magoo} out .99 TY

[14:48] {wishbone} laserdave DCC..please

[14:48] {Threei}  welcome

[14:48] {magoo} dont do it wishbone

[14:49] {wishbone} don't do what?

[14:49] {magoo} kidding

[14:49] {wishbone} hi vad

[14:49] {Threei}  hi

[14:49] {wishbone} got an error: level II not in execution mode?

[14:49] {Threei}  magoo means don't encourage laserdave giving him an idea anyone would ever want to talk to him

[14:50] {wishbone} ohhh..lol

[14:50] {Threei}  Menu-Trade

[14:50] {magoo} thats what i meant..yes, thats it

[14:50] {Threei}  make sure you have check against like

[14:50] {Threei}  Level II execution mode

[14:51] {Threei}  top line is third segment

[14:51] {wishbone} that' wierd....traded earlier no problem....ty3i

[14:51] {Threei}  maybe clicked it mistakenly

[14:51] {wishbone} probably :)

[14:52] {Threei}  and really, try to avoid giving laserdave wrong ideas... he may even start thinking we like him

[14:52] {dawg} out 1/2 .04

[14:52] {wishbone} right lol

[14:53] {dino} dia sm l .00

[14:56] {dawg} out last half  UAUA flat thank you 3i

[14:56] {Threei}  welcome

[14:56] {Threei}  watch market for another spike, UAUA will follow

[14:56] {dawg} OK

[14:58] {magoo} reload here

[15:00] {Onix} In for lunch, hope you people had a good morning's trading

[15:01] {dino} stopped -.50

[15:02] {Onix} Vad, could you please take a look at BRCM and take a guess for me howcome it can hold $14 all morning?

[15:03] {Threei}  who knows

[15:03] {Threei}  maybe found its bottom for now

[15:03] {Onix} I shorted it at $13.99 before i left for work and it is still there

[15:04] {dino} you have the magoo curse onix

[15:04] {dino} rinsed

[15:05] {dino} mcd sm l .50

[15:05] {Threei}  UAUA didn't drop this time with market

[15:06] {Threei}  still needs help of course

[15:06] {Threei}  but gotta be good if any comes

[15:08] {lisa_jay} how to play UAUA vad?

[15:08] {Threei}  not an entry here lisa

[15:09] {Threei}  you missed pullback to .80

[15:09] {Threei}  [14:56] {Threei} watch market for another spike, UAUA will follow

[15:09] {Threei}  [14:56] {dawg} OK

[15:09] {Threei}  [14:58] {magoo} reload here

[15:09] {lisa_jay} Ok, thanks...

[15:09] {Threei}  half out ..13 magoo

[15:09] {dawg} OK threei

[15:09] {dawg} got  in

[15:09] {magoo} ok boss took .12

[15:10] {Threei}  partialed out dawg?

[15:10] {dawg} still in 

[15:10] {dawg} all

[15:10] {Threei}  next spike should take it over .20 but let's respect the volatility and protect half

[15:10] {dawg} got it

[15:11] {Threei}  original idea was:

[15:11] {Threei}  [14:42] {Threei} still wastching, any market meaninfgul recovery should take UAUA up about 50 cents

[15:11] {Threei}  we got over 30 cents

[15:11] {Threei}  assuming entry around .80

[15:13] {Threei}  let's go UAUA, market gives "all clear"

06[15:13] * Threei kicks UAUA in the left jet

[15:16] {Threei}  rally is not very convincing so far

[15:16] {lisa_jay} qs need to break that .82

[15:16] {dawg} dawg spins several prayer wheels

[15:17] {dino} lol, i just throw the dice

[15:17] {Threei}  for UAUA it will be enough even if Qs just bounce back there I think, lisa

[15:18] {dawg} stopped last half

[15:19] {Threei}  see... volatility must be respected :)

[15:19] {dawg} Yes sir

[15:19] {Threei}  imagine not securing half around 9.10...

[15:19] {Threei}  how insulting would that be

[15:19] {dawg} would hurt the dawg

[15:22] {dino} dia sm l .65

[15:24] {dino} uh oh

[15:24] {Threei}  wow

[15:25] {Threei}  C

[15:26] {dino} 3i, you see, not allowed 2 up days in row in november

[15:27] {dino} 4 days so far for the month

[15:27] {dino} 3 days

[15:27] {Threei}  and none of them back to back?

[15:28] {lisa_jay} Isn't Nov a bullish month?

[15:28] {Threei}  we still have 10 days

[15:28] {lisa_jay} historically?

[15:28] {dino} yes

[15:28] {Threei}  scalped C... was too scary to call

[15:28] {dino} bs month this year tho

[15:29] {patience} i second that

[15:29] {dino} ty

[15:29] {dino} out dia .05 +.40

[15:30] {dino} just had a daytrader stop in and ask to rent an office off me

[15:30] {Threei}  seriously?

[15:30] {dino} didn't know we had any others here

[15:30] {dino} yes

[15:31] {dino} 8 years e-minis

[15:31] {Threei}  why does he need an office?

[15:31] {dino} renting elsewhere, not as nice

[15:32] {lisa_jay} Probably has kids come home early from school

[15:32] {dino} y

[15:32] {dino} that too.

[15:32] {dino} comraderie also i think

[15:33] {KSystems} where are you located dino?

[15:33] {dino} told her no tho, don't think she'd appreciate it when we go off on a bad trade rant

[15:33] {Threei}  close office dorr, put a sign on saying "come in if living to see the next morning is not in your plans"

[15:33] {lisa_jay} I wonder how the commute would be from NY/ct border to your office.  

[15:33] {dino} pennsylvania

[15:33] {KSystems} ah ok

[15:33] {dino} long lisa

[15:33] {dino} ok, 3:40 rally?

[15:34] {KSystems} not many things i know about pennsylvania..except....Centralia :-) that near where you live?

[15:34] {lisa_jay} thats what i thought.

[15:34] {dino} 2 hrs ks

[15:34] {lisa_jay} * about commute.

[15:34] {dino} y

[15:35] {dino} just jumped 70

[15:35] {dino} vad, you may owe me a beer, i told her to check out the site

[15:36] {Threei}  but we don't ttrade e-minis per se

[15:36] {dino} dia sm l .50

[15:37] {dino} i know, comraderie

[15:37] {Threei}  which won't prevent me from buying a beer of course

[15:37] {dino} could use one today

[15:38] {dino} hit/miss day

[15:38] {Threei}  for the most part... then GS and UA trades brightened things

[15:41] {Threei}  1 min till rally?

[15:42] {Threei}  or not today?

[15:42] {dino} i am so sick of seeing my b-day come up on the dji on almost daily basis, for years never saw it

[15:43] {patience} march 17?

[15:43] {dino} yes

[15:43] {dino} used to like that number

[15:43] {patience} just think of the green beer instead

[15:44] {dino} lol

[15:44] {dino} stop dia -.40

[15:44] {dino} see hit./miss

[15:45] {patience} you're doing better than me dino, usually by this time of day I'm muttering, those bastards

[15:45] {patience} time to go mow the lawn

[15:45] {dino} snow on mine

[15:46] {patience} oak leaves on mine

[15:46] {Threei}  geese droppings on mine

[15:46] {dino} not a good close

[15:46] {Threei}  no

[15:46] {Threei}  YAYA new low

[15:46] {Threei}  U

[15:46] {magoo} 400 down WHAT RALLY

[15:46] {Threei}  C new low

[15:47] {Threei}  how is it not rally?

[15:47] {Threei}  just different direction

[15:47] {Threei}  but we are not discriminating rallies by direction, are we

[15:48] {peterg} newspeak: stocks rallied strongly negatively today

[15:48] {Threei}  there you go

[15:48] {Threei}  Orwell knew his languages

[15:48] {KSystems} Like "Strongly preparing for recovery"?

[15:48] {dino} hate to say it, but feels like we go down to break the 7884 low

[15:48] {peterg} scarily

[15:49] {peterg} Stocks deepened their search for fundamental solidity

[15:49] {Threei}  beautiful

[15:49] {KSystems} collect them and send them to some news agency

[15:50] {KSystems} they'll be out of stock soon

[15:50] {peterg} ;p;

[15:50] {peterg} lol

[15:50] {dino} the stability they talked about earlier is "un"real

[15:50] {Threei}  market improved its coordination with real valuations

[15:50] {peterg} rofl

[15:51] {Threei}  yeah, that line was from behind the looking glass

[15:51] {Threei}  truly bizarre

[15:52] {Threei}  [12:51] {Threei} US TREASURY'S KASHKARI: TREASURY. FDIC, AND FED HAVE STABILIZED MARKETS

[15:52] {dino} maybe he was thinking only worry now about the dowside, because it doesn't go up

[15:52] {Threei}  I hope they don't overstabilize it

[15:53] {Threei}  just a tad more stability as they understand it, and we will see Dow at 1929 levels

[15:54] {dptl} have a good evening all

[15:54] {Threei}  take care dp

[15:57] {Threei}  -433 DJI

[15:59] {dino} cya dp

[15:59] {Threei}  so, in light of today's action...

[15:59] {Threei}  wqhat was yesterday's AH rally about again??

[16:00] {Threei}  such spike, after hours, total illusion of "wow, someone big knows something good"

[16:00] {dino} ge 14

[16:00] {Threei}  only to see this misery today lol

[16:00] {dino} re-balancing of s&p 3i, bud out

[16:01] {Threei}  I heard that theory

[16:01] {dino} had like 50 billion to reallocate

[16:01] {Threei}  just not sure how it explains such spike in indexes

[16:01] {dino} it doesn't, imo, and the futures imo don't mean sh#t

[16:01] {Threei}  mechanics of reallocation as I understand them do not warrant this

[16:01] {dino} everything has gone total random

[16:02] {Threei}  ok guys, thank you all

[16:02] {dino} when the dji moves 100 pts in 2 minutes up/down, it's random

[16:02] {Threei}  have a good evening, see you tomorrow

[16:02] {KSystems} take care vad

[16:02] {dino} i am going back to basics again, simply scalp machine tomorrow

[16:03] {dino} get up, get out

[16:03] {peterg} gnight all--who knows what evil lurks in the hearts of men?

[16:03] {peterg} the shadow knows.........

[16:03] {dino} lol

[16:03] {peterg} of course, that was my nickname back in the day

[16:04] {peterg} or one of them