Oct 10 2008

Session Time: Fri Oct 10 00:00:00 2008

[07:54] {Threei} TED SPREAD WIDENS TO 435 BPS - HIGHEST ON RECORD
06[08:01] * Threei slaps magoo around a bit with a large trout
[08:01] {magoo} morning
[08:01] {Threei} hi :)
[08:01] {magoo} WOW he he
[08:01] {_xzap} morning Mag, Vad, Geo, et al
[08:01] {Threei} {--- still the fastest trigger in the wild west
[08:01] {Threei} zap :)
[08:03] {magoo} vad, u MUST have a theory here for today?what u thinking/
[08:03] {Threei} I think all the theories known to humankind are out of the window at this point
[08:04] {Threei} my attitude is kind of fatalistic:
[08:04] {Threei} it will be over when it will be over
[08:04] {Threei} I am grateful to be a day trader
[08:04] {Threei} to be highly liquid
[08:04] {Threei} to have freedom of staying away and limit my exposure to hunt and peck
[08:05] {Threei} which is what we do these days
[08:05] {Threei} while waiting for a time for bigger exposure to come
[08:05] {magoo} yes, but as a daytrader we need a working theme today..just a plan..it may not play out..but you are usually good with these
[08:05] {Threei} true but I come up with those only when drunk... and I am sober right now
[08:06] {magoo} big drop at open...bounce and crash into weekeend?
[08:06] {_xzap} early gap downs: CSIQ, ENER, SPWRA, RIMM,ORCL,QCOM, AMZN, AAUK, AAPL
[08:06] {Threei} can't tell for now mags... gotta observe the action
[08:06] {Threei} two currents clash here:
[08:07] {Threei} one is, extreme fear to hold into weekend, desire to keep exposure to a minimu,
[08:07] {Threei} and this one dictates your scenario
[08:07] {Threei} another is, fear to miss some extraordinaryu intervention undertaken by desperate authorities
[08:08] {_xzap} I have a feeling this will be another "black Friday" so to speak
[08:08] {Threei} who no doubt will burn the midnight oil throughout the weekend
[08:08] {Threei} so shorts will be just as scared
[08:08] {Threei} and some of money sitting on a sideline may decide to commit a little
[08:09] {Threei} which one wins?
[08:09] {Threei} TED spread looks beyond scary
[08:10] {_xzap} I was reading up on the LIBOR rate last night, what is it now Vad ?
[08:11] {Threei} gotta look it up... I don';t have direct quote
[08:11] {Threei} DELL hasn't made new low yesterday
[08:11] {Threei} NVDA barely did
[08:12] {_xzap} DELL new low right now, 12.92. Year low 13.23
[08:13] {Threei} GM
[08:13] {Threei} BANKRUPTCY PROTECTION 'IS NOT AN OPTION'
[08:13] {_xzap} The three-month London Interbank Offered Rate, known as Libor, hit 4.75% Thursday - its highest level since December 28. Libor stood at 2.81% one month ago.
[08:14] {_xzap} so if banks won't lend to each other overnight they sure aren't lending to anyone
[08:16] {_xzap} 10:25 GW to speak
[08:16] {_xzap} I predict a selloff at 10:26
[08:16] {magoo} btw, morn xzap geodp:)
[08:17] {Threei} I would start at 10:24
[08:17] {_xzap} morning Mag
[08:19] {_xzap} the TICK closed @ -1198 y'day
[08:23] {Threei} grabbed some DELL at 13 for possible scalp
[08:24] {_xzap} EBAY gap down, new year low 15.11
[08:25] {Threei} MS dipped under 10... mama mia
[08:25] {Threei} so... does the world end?
[08:25] {Threei} Raven...?
[08:27] {_xzap} this is hard to believe.. DRYS new year low right now 18.05. Year high was131.34
[08:28] {Threei} a lot of prices are of "is it a bad dream" kind
[08:28] {Threei} -400 DOW days become just another day at the office
[08:28] {Threei} only -600 makes you look
[08:28] {_xzap} it can't be too long before these stocks start getting at least nibbled at
[08:29] {Threei} i am sure they started
[08:29] {Threei} first little drips of accumulation had their place already
[08:29] {Raven} dunno ... my cable is out so I can't listen to the wisdom from the hyperventilating news people
[08:29] {magoo} wouldn't long mutual funds find value down here?
[08:29] {Threei} just not much commitment, little nibble here and there
[08:29] {Threei} BALTIC DRY BULK INDEX -11%; THE LOWEST SINCE 1985
[08:30] {Threei} ugh Raven
[08:30] {Raven} lol
[08:30] {Threei} you know we look up to you when it comes to the end of the world
[08:30] {Threei} UG TRADE BALANCE: -$59.1B V -$59.0BE
[08:30] {Threei} - Prior revised from -$62.2B to -$61.3B
[08:30] {Raven} hey ... this is just your average once-in-a-century market crash
[08:30] {Raven} that's all
[08:31] {Threei} SEPT IMPORT PRICE INDEX M/M:-3.0 % V -2.8%E; Y/Y: 14.5% V 12.2%E
[08:31] {Threei} - Prior MoM revised from -3.7% to -2.6%
[08:31] {Threei} - Prior YoY revised from 16.0% to 18.7 %
[08:31] {hawkfan4} morning
[08:31] {Threei} hawk :)
[08:32] {Threei} true Raven, but you have more experience with ends of the world
[08:32] {Threei} MS
[08:32] {Threei} CONFIRMS IMMATERIAL EXPOSURE TO LEHMAN
[08:32] {Threei} immaterial?
[08:33] {_xzap} hi hawk
[08:33] {_xzap} SPWRB gap down
[08:34] {Raven} the difference 3i ... this time ... is the existence of derivatives and the fact that the stock market is overshadowed by the international credit issues
[08:34] {_xzap} Japan's Nikkei dropped 9.6% and Hong Kong's Hang Seng fell 7.2%.
[08:34] {Raven} so nobody has a clue what will happen
[08:34] {Threei} so, unlike other times, it IS the end?
[08:35] {Raven} no ... it'll just require MASSIVE federal intervention
[08:35] {Raven} worldwide
[08:36] {Threei} gosh... they already injected so much
[08:36] {Threei} and nothing seems to stop bleeding
[08:36] {_xzap} The long-term credit ratings of Goldman Sachs (GS) and Morgan Stanley (MS) are on review for a possible downgrade at Moody's, according to Reuters.com.
[08:37] {Raven} they obviously have not done enough yet
[08:37] {Threei} I am trying to understand this:
[08:37] {Threei} they haven't done enough yet
[08:37] {Threei} or
[08:38] {Threei} they mostly have, and it's just a lack of confidence and sheer panic that continues driving markets lower
[08:38] {Threei} I understand no one knows
[08:38] {Threei} just trying to get a feel
[08:38] {Raven} yes ... it is panic ... which is why more needs to be done and FAST
[08:39] {Raven} they can't keep farting around
[08:39] {_xzap} from what I understand, the infusion of $$ from the Fed isn't working YET because no real plan has been laid out and and implemented
[08:39] {Raven} exactly
[08:39] {_xzap} The biggest issue is see is TRUST
[08:40] {Raven} it'll take some time to develop a plan to buy the toxic assets
[08:40] {_xzap} there is no trust
[08:40] {Raven} so step in and recapitalize some banks ... NOW
[08:40] {_xzap} even though the Fed is throwing all this money into the mkt, people want to see it actually in action
[08:41] {_xzap} BTW, hi Raven, we haven't met
[08:41] {Raven} ACTION is the key word
[08:41] {Threei} MS 9
[08:42] {_xzap} another thing that will really help is to see some CEO's and executives in cuffs. Someone HAS to go to prison
[08:42] {Raven} well, good morning xzap :)
[08:42] {Threei} my first vote would be Fuld
[08:43] {Raven} lol ... at this point blame is not terribly important
[08:43] {Raven} and ... damn few of the guilty will suffer
[08:43] {_xzap} but somebody will go to prison before it's all over
[08:44] {Raven} somebody will ... but hundreds won't
[08:44] {Raven} thousands
[08:44] {Raven} ?
[08:44] {Raven} and nobody in Washington will suffer one whit
[08:45] {Threei} Mitsubishi would better hurry
[08:46] {Threei} MS seems to be on a birnk of repeating LEH fate
[08:49] {_xzap} coffee anyone [ ]}
[08:49] {Threei} black please
[08:49] {magoo} just cream
[08:52] {Threei} dumped DELL back -8 cents
[08:54] {hawkfan4} oil 82.60, break out the s.u.v's
[08:54] {Threei} never put mine on bricks
[08:55] {_xzap} JOYG gap down
[08:56] {_xzap} top gap downs right now: SPWRB, CSIQ, JOYG, ENER, FWLT, ADBE, BUCY, DRYS
[08:56] {peterg} morning all
[08:57] {peterg} Krugman in NY Times says this weekend all the world finance folks have a chance to coordinate actions.
[08:57] {Threei} peter :)
[08:57] {peterg} If they don't he thinks chaos and fear deepen, widen.
[08:57] {_xzap} hi peter
[08:57] {peterg} z!
[08:59] {peterg} Is there a way to capture and print parts of this discussion, or dcc's?
[08:59] {Threei} sure
[08:59] {peterg} ?
[08:59] {Threei} right click on the button in the upper bar with the name of the channel
[08:59] {Threei} #discussions for this channel,
[09:00] {Threei} or name of your counterpart in dcc,
[09:00] {Threei} Logging
[09:00] {Threei} check it to turn it on,
[09:00] {Threei} then look for the look in your folder containing this mirc
[09:01] {Threei} look for the log that was
[09:02] {Threei} if you want some particular part of conversation, simply copy it by highlighting, and paste into text editori
[09:03] {peterg} thks
[09:07] {peterg} Sorry to drive you nuts with bolts, how highlight and paste?
[09:07] {GeoArb} gm
[09:07] {peterg} Can you do it into the discussion itself?
[09:07] {Threei} just point on the text, press and hold left mouse button, drag across the text so it highlights,
[09:07] {patience} oil into 70's
[09:07] {patience} gm rt :)
[09:07] {Threei} then let go and paste into text editor
[09:08] {Threei} patience :)
[09:08] {Threei} already? I still see it at 83
[09:08] {patience} i just saw it dip in 79
[09:08] {patience} and back up again
[09:08] {_xzap} hi patience
[09:08] {Threei} I suspect my oil quotes are lagging
[09:08] {hawkfan4} 80.20 now
[09:08] {patience} good morning zap :)
[09:08] {Threei} where do you monityor it?
[09:09] {patience} live on bnn
[09:09] {Threei} oh
[09:09] {patience} sorry, nov contract
[09:09] {hawkfan4} under 80 now
[09:09] {patience} but at this rate we might hit the 60 mark by noon (kidding)
[09:09] {Threei} lol
[09:09] {hawkfan4} lol
[09:09] {_xzap} I see ECL oil for Nov @ 81.61 right now
[09:10] {Threei} well, since it's at 80 or lower, I have no further read on it
[09:10] {Threei} had this target ever since 135 or so
[09:10] {patience} you were right, i was wrong
[09:10] {peterg} OK, thanks, where is text editor?
[09:11] {Threei} I'd prefer Pickens to tekll me that and send half of billion or so
[09:11] {Threei} ummm... peter...
[09:11] {peterg} yes?
[09:11] {peterg} is that found through the earlier instructions.?
[09:11] {peterg} if so ill go back & study further
[09:11] {Threei} Word... notepad... wordpad... whatever you have :)
[09:11] {peterg} gotcha
[09:12] {_xzap} RBOB = Nov 1.8980
[09:13] {Onix} Good morning all
[09:14] {Threei} onix :)
[09:14] {_xzap} hi Onix
[09:17] {ese} morning
[09:17] {Onix} welcome back Raven
[09:18] {Threei} back?
[09:19] {Threei} he never went anywhere
[09:20] {Onix} how come I did not notice him earlier during the week?
[09:20] {_xzap} ECL oil Nov. 79.91
[09:20] {cosmo} bird flew?
[09:20] {Threei} ummm... you never looked?
[09:20] {_xzap} DJ Infosys In Talks With Two Cos For Possible Buy - CEO
[09:21] {Onix} have to get my eye-glasses checked :)
[09:24] {ese} Ok I'll say it again.......good morning.....hope everyone realises that esemde is now ese....somehow got shortened with my change in computors.....
[09:24] {_xzap} Infosys 2Q Net Up 30%; Cuts FY Dlr Rev Guidance
[09:24] {_xzap} hi ese
[09:24] {ese} zap...
[09:25] {_xzap} BANGALORE (Dow Jones)--Infosys Technologies Ltd. (500209.BY) posted a 30% rise in its fiscal second-quarter consolidated net profit Friday, but sharply lowered its revenue expectations in dollar terms, indicating a worse-than-expected fallout from the U.S. financial crisis.
[09:25] {dptl} good morning all
[09:25] {_xzap} dp
[09:26] {Raven} bird flew ... rofl cosmo :)
[09:26] {ese} morning dp.....no one is saying good morning today except
[09:26] {ese} zap
[09:26] {_xzap} Vad, do you like ENER at 31 for a bounce?
[09:26] {Onix} hi dp
[09:27] {Threei} ese, dp :)
[09:27] {dptl} :)
[09:27] {Threei} 31?
[09:27] {Onix} hi ese
[09:27] {Threei} it's 50 cents away
[09:27] {_xzap} yes it is
[09:28] {ese} onix
[09:28] {_xzap} let me rephrase, how about we watch it for a bounce, it's held 31 in pm
[09:29] {Threei} it's a very thin stock mving in big incerements
[09:29] {Threei} there is no way to tell exact price in advance, this kind has rather fuzzy areas, not exact levels
[09:30] {Threei} see?
[09:30] {_xzap} yep
[09:30] {Threei} dollar and half drop in one gasp
[09:31] {_xzap} u was korect
[09:33] {magoo} we down 400?
[09:33] {Threei} 413
[09:33] {Threei} for the starters, eh?
[09:34] {magoo} man-0-man
[09:34] {magoo} 79 oil
[09:34] {dptl} no 395
[09:34] {_xzap} Spot gold $908, S&P 868
[09:34] {peterg} its like the scene in the submarine where it goes lower and lower and it starts to creak with occasional rivet popping
[09:35] {Threei} Short Setup: MS 9 break small shares
[09:35] {magoo} dino just switched to nat gas lol
[09:35] {peterg} riveting
[09:35] {Threei} VIX VOLATILITY INDEX REACHES NEW HIGH AT 67.66
[09:35] {Threei} stop/invalidating level above .30
[09:36] {magoo} sh ms
[09:36] {_xzap} in 8.98
[09:37] {Threei} -717
[09:37] {Threei} mama mia
[09:37] {hawkfan4} my charts must be off, i have dow down 691 now
[09:37] {magoo} just an ave day vad
[09:37] {Threei} half out MS8.83
[09:37] {magoo} me too
[09:37] {Threei} stop to 8.05
[09:38] {Onix} 9.05?
[09:38] {Threei} yes
[09:38] {Threei} -527
[09:39] {GeoArb} vad on laser I am using $DJI
[09:39] {GeoArb} its usually off
[09:39] {Threei} me too
[09:39] {GeoArb} ok
[09:39] {Threei} off?
[09:39] {Threei} vs what?
[09:39] {GeoArb} what you type
[09:39] {GeoArb} must be the lag
[09:39] {Onix} ty Vad, i took 20c in MS
[09:40] {Threei} welcome
[09:40] {Threei} it justy changes very fast geo
[09:40] {Threei} huge bounce
[09:42] {Threei} DELL jumped up dollar and half
[09:42] {Threei} watching pullback
[09:43] {Threei} if it dives to 13 great
[09:43] {Threei} if holding .50 and NQ spikes upward, gotta just take it here
[09:45] {Threei} .51 long now
[09:45] {Threei} if holding abopve .40
[09:46] {Threei} all trades are half lot for now
[09:46] {magoo} shit really?
[09:49] {Threei} half out DELL .69
[09:49] {Threei} scalpers just take profit
[09:50] {Threei} stop .45 for the balance
[09:51] {Threei} watching ADBE for entry
[09:52] {Threei} that was fast
[09:52] {magoo} missed
[09:52] {Threei} took .13, exited .46, but got fill for just 300 shares
[09:53] {Threei} too soon...
[09:53] {Threei} out DELL balance
[09:55] {Threei} -150 DJI
[09:55] {Threei} -225
[09:55] {Threei} lol
[09:56] {Threei} I don't think I saw such volatility
[09:56] {Threei} ever
[09:57] {Raven} VIX never been higher
[09:58] {Raven} the old VIX was higher in 1987 though ... I think
[09:58] {Raven} they changed the indes many moons ago
[09:58] {cosmo} they use the sun now
[09:58] {Threei} yeah, not comparable really
[09:59] {Raven} right cosmo
[09:59] {cosmo} :)
[09:59] {cosmo} solars
[09:59] {ese} most of my screens are turning green......
[09:59] {Raven} the "ancients" used the sun too
[09:59] {ese} stocks have had enough it seems
[10:00] {Threei} stop spraying green paint on the monitors ese!
[10:00] {Threei} it won't be easy to scratch it off
[10:00] {peterg} are we approaching the magic moment when smart money enters?
[10:00] {Threei} every day
[10:00] {ese} damm your ight...how'd that happen
[10:00] {Threei} closer and closer
[10:00] {Threei} round two... DELL .51 long
[10:00] {Threei} half lot!
[10:01] {ese} some of it already has peter
[10:01] {Threei} stop under .35
[10:01] {Threei} take scalp here or offer .90
[10:01] {Threei} your choice
[10:02] {Threei} hit .91
[10:02] {peterg} out at .80, +.35
[10:02] {Threei} wtg
[10:02] {peterg} thks vad
[10:02] {Threei} welcome sir
[10:03] {Threei} any money made today is to be framed and put on a wall
[10:03] {GeoArb} was going to say missed as it was at .55
[10:03] {GeoArb} lol
[10:03] {Threei} hmm?
[10:03] {GeoArb} .55 didnt chase
[10:03] {Threei} it was .49 when I posted alert
[10:03] {GeoArb} hmm i say .54
[10:03] {GeoArb} saw
[10:04] {GeoArb} so didnt chase... oh well
[10:04] {GeoArb} fast market :)
[10:05] {magoo} hide ARCA laser users message
[10:05] {magoo} i just did
[10:05] {Threei} magoo's right... ARCA bid might have fooled you Geo
[10:05] {GeoArb} how do you hide magoo?
[10:05] {Threei} verify with T&S prints
[10:05] {Threei} or hide it
[10:05] {magoo} rt click chaert
[10:05] {magoo} 3rd from top
[10:06] {magoo} ARB
[10:06] {magoo} add ok
[10:06] {Threei} I jujst switched servers and ARCA seems fine
[10:06] {magoo} mine was off
[10:06] {GeoArb} thanks
[10:06] {GeoArb} which server
[10:06] {Threei} but during such fast markets it's always a good uidea to use T&S for verification when you see overalp
[10:06] {Threei} overlap
[10:06] {cosmo} green...green...
[10:07] {cosmo} for now...
[10:07] {Threei} NASDAQ went green
[10:07] {hawkfan4} dow too
[10:07] {Threei} DJI about to
[10:07] {Threei} yup, green
[10:08] {dptl} can't believe this
[10:08] {Threei} never seen anything like this
[10:08] {Threei} over 700 points range?
[10:08] {Threei} come on
[10:09] {peterg} what, never jumped out of airplane before?
[10:09] {Threei} even dino would have dropped his jaw
[10:09] {Threei} boy is he missing huge fun
[10:09] {Onix} totally amazing!
[10:11] {Threei} Long Setup: UAUA .81 if stays above .70
[10:14] {Chaeron} hi all... enjoying the ride?
[10:14] {Threei} hey Chaeron
[10:18] {Threei} ADMIN7 --} (All): Quotes have been reinitialized for ARCA and BATS. Should be ok now.
[10:18] {GeoArb} in UAUA
[10:18] {dptl} l uaua.82
[10:20] {Onix} in UAUA @ .82
06[10:21] * Threei is kicking UAUA in the rear with steel toed heavy duty army boots
[10:22] {Threei} REPORTEDLY THE US BANKING INDUSTRY WILL HOLD A CONFERENCE CALL WITH THE WHITE HOUSE AT 2:30PM ET
[10:22] {Onix} ty
[10:22] {Threei} TREASURY SEC PAULSON: THERE IS PLENTY OF WORK LEFT TO BE DONE ON MARKET REGULATION, CRISIS SHOWS THE NEED FOR REGULATORY REFORM
[10:22] {magoo} are my quotes good? uaua .76
[10:22] {GeoArb} yes
[10:22] {magoo} ty
[10:25] {Threei} Prez on TV
[10:25] {Chaeron} shucks
[10:26] {Threei} rarely good for markets
[10:26] {Onix} giving us lots of hope hey?
[10:26] {Threei} PRESIDENT BUSH: THIS HAS BEEN A DEEPLY UNSETTLING TIME FOR THE US, THE GOVT IS ACTING AND WILL CONTINUE TO ACT TO RESTORE CONFIDENCE AND STABILITY
[10:27] {Threei} market responds with immediate downticks
[10:27] {magoo} always with bush
[10:28] {Threei} hmmm
[10:33] {dptl} offering .96 uaua
[10:34] {GeoArb} prev high?
[10:34] {Threei} I likme how it held
[10:34] {Threei} erratic market
[10:34] {dptl} just below geo
[10:34] {Threei} so it doesn't move in a clean manner, and sure took its sweet time
[10:34] {GeoArb} .96 is high in my laser
[10:34] {dptl} .97
[10:34] {Threei} .97, geo
[10:35] {Threei} 9:44 candle
[10:35] {GeoArb} ok now i am worried
[10:35] {GeoArb} i know
[10:35] {GeoArb} i just clicked it to check
[10:35] {Threei} worried about what?
[10:35] {GeoArb} high .96 low .74 on that candle
[10:35] {GeoArb} worried about qotes
[10:36] {Threei} when you press and hold 9:44 candle on 1 min,
[10:36] {GeoArb} thats what i did
[10:36] {Threei} black pop-up window shows you high, low etc
[10:36] {Threei} you see .96 high on it?
[10:36] {GeoArb} yes :(
[10:36] {Threei} try today on daily, check high there
[10:37] {GeoArb} .96
[10:37] {GeoArb} on daily too
[10:37] {Threei} ok, that's weird
[10:37] {GeoArb} using chart 2
[10:37] {Threei} try to switch and check again?
[10:38] {GeoArb} what you using?
[10:38] {Threei} 1
[10:39] {GeoArb} switched to one
[10:39] {GeoArb} .97 on min and daily now
[10:39] {GeoArb} wrd
[10:41] {GeoArb} sheesh -330 again
[10:41] {Threei} no one even blinks about anything less than -500 anymore geo
[10:41] {GeoArb} true
[10:42] {Threei} round 3 DELL
[10:42] {Threei} .52 long with stop under .40
[10:42] {Threei} invalidated
[10:43] {Threei} WHITE HOUSE: THERE ARE NO PLANS TO INTERVENE IN US MARKETS
[10:43] {GeoArb} what??
[10:43] {GeoArb} what have they done till now?
[10:43] {Threei} {US MARKETS} oh you want to be that way?
[10:44] {dptl} stopped uaua
[10:45] {Onix} stopped uaua
[10:45] {GeoArb} y
[10:47] {Threei} WHITE HOUSE: REPORTEDLY NOTES THAT THERE ARE NO PLANS TO INTERVENE IN US MARKETS
[10:47] {Threei} - Comments appear in response to Italian PM Berlusconi's suggestion that world leaders might suspend markets.
[10:47] {Threei} oh boy
[10:47] {GeoArb} whats that guy thinking saying stuff like that
[10:47] {Threei} yeah, let's suspend markets, scare the bejezus out of everyone
[10:47] {GeoArb} either do it or dont
[10:47] {Chaeron} he was short before he made the comment.....
[10:48] {Threei} so when you open them, total liquidation takes place in a matter of one hour
[10:48] {GeoArb} typical italian agitation
[10:49] {GeoArb} lol chaeron
[10:50] {Threei} OK, that was disgusting gesture by UAUA
[10:50] {GeoArb} yeah phone call worthy
[10:51] {Threei} ADBE
[10:51] {Threei} haf lot long 27.05
[10:51] {Threei} stop under .90
[10:53] {Threei} market weakens, canceling buying mini-breaks for now
[10:55] {Threei} either bounuces or shorting support breaks
[10:56] {Threei} Short Setup: DELL .34
[10:56] {Threei} stop above .50
[10:59] {Threei} SEC EVALUATING FURTHER ACTIONS TO ASSIST SECURITIES, INCREASING CONFIDENCE
[10:59] {Threei} should be easy to do
[10:59] {Threei} forbid selling
[10:59] {_xzap} I just did something VERY stupid and got away with it
[10:59] {GeoArb} ?
[11:00] {_xzap} I shorted MS @ 8.99, entered cover at 8.75 I thought. I actually entered $8. I let it get awat from and rode it up til$11.29 and just got out at $(
[11:01] {_xzap} I don't drink or smoke and I need both
[11:01] {_xzap} out @ $9 Imeant
[11:01] {_xzap} LOL, I can't even type
[11:01] {magoo} out ADBE .21 TY vad
[11:02] {Threei} whewre did you get in?
[11:02] {magoo} .89
[11:02] {Threei} nice
[11:02] {magoo} fl
[11:04] {_xzap} and I missed all those good calls by Mr. Vad
[11:05] {Threei} well, that was quite a shock
[11:05] {Threei} you got really lucky
[11:05] {_xzap} Very lucky
[11:05] {Threei} as for missing my calls... seemed to me it was the case for you whole wekk, lol
[11:05] {magoo} l rimm here ,15
[11:06] {Threei} if you followed them with just 100 shares, this week would have already paid for couple months of mebership at least
[11:06] {Threei} now, anyone knows what "wekk" is?
[11:07] {magoo} stopped
[11:07] {GeoArb} when the week is wrekked
[11:07] {Chaeron} lol
[11:07] {Threei} mags, I would stay away from RIMM/AAPL/BIDU kind right now
[11:07] {Threei} they are relatively easy only where we get a trend
[11:07] {Threei} and market is completely shapeless rifght now
[11:07] {hawkfan4} wekk. to do something you dont wany anyone else to see you do ...
[11:07] {GeoArb} i am watching ES
[11:08] {GeoArb} it seems to be jumping a few points easy
[11:08] {Threei} lol... you guys
[11:09] {Threei} DELL 1:1
[11:09] {GeoArb} out half .21
[11:09] {Threei} feel free to cover in full or partial
[11:10] {Threei} really can't tell which is preferrable
[11:10] {Threei} erratic market, anything can happen any minute
[11:10] {Threei} so act according to your personal objectives and risk tolerance
[11:10] {Threei} now zap... did you take DELL short?
[11:11] {Threei} or it triggered while you still were sweating out that MS trade?
[11:11] {GeoArb} today's money is frameable truely
[11:11] {Threei} 1:2 DELL almost
[11:11] {Threei} today's and Monday's
[11:11] {GeoArb} yeah
[11:11] {Threei} 1:2 DELL wihtout almost
[11:11] {Threei} is it right grammar?
[11:12] {GeoArb} i bet there are a lot of brokers today who will have execution issues
[11:12] {Threei} no doubt
[11:12] {Threei} Laser handles these things incredibly graciously
[11:12] {dptl} ty dell +.17
[11:12] {Threei} :)
06[11:12] * Threei slaps Chaeron around a bit with a large trout
[11:12] {GeoArb} i think they are the only retail broker i know
[11:13] {GeoArb} who has nasdaq platinum cert
[11:13] {Chaeron} why?
[11:13] {Threei} yes
[11:13] {Threei} two reasons chaeron
[11:13] {Threei} first, because you apparently missed DELL short
[11:13] {Threei} and second, because I generally like slapping people
[11:13] {GeoArb} he missed?
[11:14] {Threei} that's what I am trying to find out
[11:14] {Threei} now, magoo calls me mean
[11:14] {Threei} but don't believe that
[11:14] {Chaeron} 1) I took at 13.35 short... got a call and had to run away for a sec and took a 0.16 loss
[11:14] {Threei} I am very mean
[11:14] {Chaeron} had to
[11:14] {Threei} .16?
[11:14] {Threei} I am lost
[11:14] {GeoArb} sheesh.... how did vad know
[11:15] {Threei} .16 is 13.51
[11:15] {Threei} it never went there
[11:15] {_xzap} no Vad, I missed DELL. Trying to compose myself
[11:15] {Chaeron} oh... sorry that was another trade. I lost 0.08
[11:15] {Threei} ok zap, for give me but I just have to do this
06[11:15] * Threei slaps _xzap around a bit with a large trout
[11:15] {Chaeron} 13.43 fill
[11:15] {_xzap} I knew that was coming !
06[11:15] * GeoArb is counting his money and thanking vadster
[11:15] {Threei} cut that phone cord
[11:16] {Chaeron} I know
[11:16] {Chaeron} not happy... had same thing on uaua
[11:17] {Threei} well, UAUA got eventually stopped fair and square
[11:17] {Chaeron} I feel better... thanks
[11:17] {Threei} but DELL delivered
[11:17] {Chaeron} I know... made it twice as bad
[11:19] {GeoArb} chaeron dcc
[11:19] {Threei} geo, what to know
[11:19] {Threei} chaeron is one of usually reporting
[11:19] {Threei} stock goes to 1:2, he is silent - I assume he missed
[11:19] {GeoArb} lol
[11:23] {Threei} ok, this was completely unreadable in DELL
[11:23] {GeoArb} wrd
[11:24] {Threei} I suspected .50 should serve as resistance for short but saw a downward move as quite limited and not worth the entry
[11:28] {GeoArb} market has become a little less volatile me thinks
[11:39] {Threei} feels like small upward move is coming
[11:39] {Threei} maybe good for a little scalp, hardly more
[11:39] {ese} what makes you feel that vad?
[11:39] {GeoArb} whose ese?
[11:39] {Threei} just a look of NQ chart
[11:40] {ese} esemde....my new computor cut my handle short for some reason
[11:40] {GeoArb} lol
[11:40] {GeoArb} just reinstall mirc and chose it again
[11:40] {GeoArb} it happenned to me in a laptop too
[11:41] {ese} naw........I like the short version ...everyone was using that before anyway
[11:41] {Threei} hehe
[11:41] {Threei} we tend to simplify things
[11:41] {Threei} ever seen anyone calling geo geoarb?
[11:41] {ese} now thats interesting geo
[11:41] {GeoArb} i was just thinking that
[11:41] {ese} nope
[11:41] {Threei} or hawk hawkan4?
[11:42] {GeoArb} uhhhu
[11:42] {GeoArb} but youre lord vader
[11:42] {Threei} hck, we shorted even 4 letter nicks... dptl?? :)
[11:42] {GeoArb} i even heard MR vad today
[11:42] {ese} he is when he's into vodka
[11:42] {Chaeron} heeeeeeeyyyyyyyyyyyy.......... essssssse.........
[11:43] {ese} CCCCCCCHHHHHHHHH baby!!!!!!!!!!!!
[11:43] {Threei} see NQ?
[11:43] {ese} hows it goin man?
[11:43] {Threei} small upward... was good for like 6-7 cents DELL
[11:43] {Threei} and right back down
[11:44] {ese} market feels tired to me..........
[11:44] {ese} can only draw so much blood from a stone
[11:44] {patience} we may be tired of relentless downdraft but margin clerks aren't
[11:44] {Threei} main question now is,
[11:45] {Threei} will we get this almost traditional now eod selloff
[11:45] {ese} probably right patience
[11:45] {magoo} one difference vad
[11:45] {Threei} or will market change its ways and kill those who become too complacent in following the recent pattern
[11:45] {magoo} we are down.,..not up
[11:45] {Threei} true mags
[11:45] {Threei} but huge upward thrust kind of canceled that
[11:46] {magoo} we are down 372 now
[11:46] {Threei} and yeah... margin clerks... ow many envelops they still have to slap a stamp on and drop in the mailbox...
[11:47] {GeoArb} i thought they called?
[11:47] {GeoArb} well i wouldnt know
[11:47] {Threei} e-mailed I'd guess?
[11:48] {_xzap} Short DRYS under 16.8 ?
[11:48] {Threei} it's 60 cents from there
[11:48] {_xzap} I know
[11:48] {Threei} so, it's impossible to answer without knowing HOW it gets there
[11:49] {Threei} imagine it dropping sharply into 16.80
[11:49] {Threei} in one big swoop
[11:49] {Threei} would ou shoet it?
[11:49] {_xzap} no
[11:49] {Threei} now,
[11:49] {Threei} if it slides slowly
[11:49] {Threei} consolidates a little
[11:49] {Threei} then breaks,
[11:49] {Threei} would you?
[11:49] {_xzap} yes
[11:49] {Threei} there you go
[11:50] {Threei} price alone is not the answer
[11:50] {_xzap} I try to look ahead and set some trend lines to watch
[11:50] {Threei} the way stock is trading is necessary to cmplete the picture
[11:52] {_xzap} Short JOYG under 27.78 ?
[11:57] {Threei} -530 DJI
[11:57] {Threei} BOHICA?
[11:57] {patience} tsx -524
[11:59] {Threei} (GE) GERMAN GOVT SPOKESMAN: NO POLITICAL DECISIONS HAVE BEEN MADE REGARDING A FINANCIAL BAILOUT PACKAGE YET
[12:00] {Threei} come on Germany, get wit the program... everyone else is throwing three-generations money at the roblem, why don't you
[12:04] {hawkfan4} NQ 1230, stop 1224, small
[12:08] {GeoArb} hawq you trading nq on laser?
[12:08] {hawkfan4} no, ib
[12:08] {GeoArb} okkk my buddy :)
[12:08] {hawkfan4} :)
[12:09] {GeoArb} ib direct or something like brackettrader etc?
[12:10] {hawkfan4} just direct, don't use the bells and whistles much
[12:10] {GeoArb} ok
[12:13] {Threei} Long Setup: MS . break
[12:13] {ese} gone for the weekend all....didn't do much this week but it was an interesting watch.......thanks for your insights into all of this Vad.......Have a great thanksgiving all!!!!
[12:13] {Threei} 8 break
[12:13] {Threei} stop under .80
[12:14] {Threei} take care ese, have a great weekend
[12:15] {Chaeron} dang... too fast
[12:15] {Threei} 8.02 in
[12:15] {magoo} .99
[12:16] {Threei} half out .19
[12:16] {Threei} scalpers know what to do
[12:17] {magoo} out .33 TY
[12:17] {Threei} out in full .37
[12:17] {Threei} welcome
[12:17] {Chaeron} nice job guys
[12:17] {_xzap} Very good call Vad
[12:17] {Threei} it retreatd after initial spike chaeron
[12:18] {Threei} I got filled on a pullback
[12:18] {Threei} ty zap
[12:18] {Chaeron} not far enough... felt like chasing at .05
[12:18] {Chaeron} and didn't see lower
[12:18] {Threei} 8.02 it filled me
[12:18] {_xzap} 500 shares Vad?
[12:18] {GeoArb} thanks guys....off to dayjob
[12:18] {Threei} wanted 1000, got 600
[12:18] {Threei} take care geo
[12:18] {Chaeron} I hit limit on 8.01 right when I saw 8's evaporating, but not fast enuf
[12:19] {_xzap} see ya Geo
[12:19] {Threei} 1 cent is probably too tight
[12:19] {Chaeron} bye Geo
[12:19] {Chaeron} yeah
[12:19] {Chaeron} next one
[12:19] {Threei} I'd give it 3
[12:19] {Threei} on half lot, 5
[12:19] {Threei} but whatever
[12:19] {Threei} it's just one trade
[12:20] {_xzap} GM reaffirming they don't need b'ruptcy protection. I bet they file within 2 weeks
[12:21] {Threei} CNBC'S LIESMAN: TALKS ARE CURRENTLY ONGOING IN WASHINGTON REGARDING CAPITAL INJECTIONS INTO MAJOR BANKS
[12:21] {Threei} - Program will be lead by the Treasury, in consultation with the Fed and the White House.
[12:21] {Threei} - The current idea is to make a term sheet injection available to all banks.
[12:21] {Threei} - The timing of the injections remains unclear at this point.
[12:21] {hawkfan4} lol xzap
[12:22] {_xzap} watch them Hawk, I swear I bet they file
[12:22] {Threei} zap... are you willing to short GM on that assumption?
[12:22] {_xzap} nope
[12:23] {_xzap} Long CSIQ here Vad ?
[12:24] {Threei} .20, if holding above 11 and if NQ breaks higher
[12:24] {Threei} and smallshares
[12:24] {Threei} NQ drops
[12:25] {Threei} watch if it's holding above 11
[12:26] {_xzap} NQ dropping
[12:27] {_xzap} broke .11 so no go, korect?
[12:27] {Threei} 11
[12:27] {Threei} not .11
[12:32] {laserdave1} hello all
[12:32] {laserdave1} magoo dcc please
06[12:32] * Threei slaps laserdave1 around a bit with a large trout
06[12:33] * Chaeron slaps laserdave1 around a bit with a large trout
[12:36] {_xzap} hi laser
[12:36] {Threei} greens... no single word over a course of whole week... give us a sign you a live person, not an internet bot :)
[12:37] {Threei} (although I do understand that as bunch we may not inspire people very much to communicate with us)
[12:37] {_greens} just watching for now.
[12:37] {Threei} :)
[12:38] {Threei} don't heistate to ask if got any questions
[12:38] {Threei} ivac
[12:38] {_greens} ok
[12:38] {Threei} nevermind IVAC, wrong window
[12:38] {Threei} just surfing through charts
[12:48] {Threei} scary call
[12:48] {Threei} small shares
[12:48] {Threei} PRU
[12:48] {Threei} long off .50
[12:48] {Threei} stop under .40
[12:49] {Threei} if loses it don't touch it
[12:49] {Threei} use NQ as idicator for entry
[12:50] {Threei} invalidated
[12:51] {Threei} if NQ turns sharply up, .50 break will be a play again
[12:51] {Threei} .51 actaully, big offer there
[12:52] {Threei} CNBC: FORD IS NOT CONTEMPLATING BANKRUPTCY
[12:53] {Threei} stop under .30 PRU if you went for it
[12:53] {Threei} no worky
[12:54] {_xzap} Question Vad..
[12:55] {_xzap} I have the futures feed but not charts. Is the #COMP.Q as good as indicator as NQ ?
[12:55] {Threei} I'd prefer QQQQ then
[12:55] {_xzap} k
[12:57] {_xzap} looks like oil might close under $81 today
[12:58] {_xzap} oil down $40, still paying $4 gal for gas
[12:59] {peterg} more like $3 here
[13:01] {Chaeron} what's $/bbl today?
[13:01] {hawkfan4} oil trading 79.80
[13:04] {Chaeron} thanks
[13:04] {Threei} thinking of cornering oil market chaeron?
[13:04] {Chaeron} naaaa
[13:04] {Chaeron} water market.... think about it
[13:05] {Threei} not until I find the way to remotely control taps in every house over North America
[13:06] {Threei} when anyone wanting a glass of water from tap has to insert credit card so I unlock his tap - that's when I corner it
[13:07] {_xzap} Chaeron } I've been watching water for about a year now: http://stockcharts.com/h-sc/ui?s=$HHO&p=D&yr=1&mn=0&dy=0&id=p41882001531&a=145385954
[13:10] {hawkfan4} 13:07 ICE IntercontinentalExchange failed to settle all US trades Thursday - DJ (70.62 +1.87)
[13:10] {hawkfan4} dropping like a rock
[13:11] {Threei} I am not sure I understsand the meaning of this hawk
[13:11] {Threei} saw the news but can't quite place it
[13:11] {hawkfan4} me either
[13:11] {_xzap} wow
[13:12] {Threei} ICE
[13:12] {Threei} MOVES LOWER AFTTER REPORTS THAT THE EXCHANGE WAS UNABLE TO SETTLE ANY TRADES YESTERDAY
[13:12] {Threei} {CME NYX NDAQ IDC GFIG LSE.UK }
[13:12] {_xzap} bounce play ?
[13:14] {Threei} I don't want even to touch this animal
[13:14] {Threei} you see spread?
[13:14] {Threei} levels and sizes?
[13:14] {Threei} ca you control risk on it?
[13:14] {hawkfan4} yeah, way too dangerous. plus don't know what that news means. could be disasterous
[13:15] {hawkfan4} could be nothing
[13:15] {_xzap} going at the ask
[13:16] {Threei} are you ready to buy the ask and find yourself down anywhere from 30 to 70 cents on the spread alone zap?
[13:16] {_xzap} nope
[13:16] {Threei} G7 COMMUNIQUE WILL REPORTEDLY NOTE THAT BANK WITH SYSTEMIC RISK WILL BE ALLOWED TO FAIL; ECHOING EUROPEAN MINISTER'S COMMENTS OF PAST FEW DAYS
[13:22] {_xzap} DJ CORRECT: ICE Settled Trades Thursday, But Processing Delayed
[13:24] {Threei} lol
[13:25] {Threei} reminds me old joke of Soviet times, one from famous Armenian radio series
[13:25] {Threei} Armenian radio is asked,
[13:25] {Threei} whetehr it's tru that academic Ambartsumjan won a car in lottery
[13:26] {Threei} radio's answer:
[13:26] {Threei} first, it was not academic Ambartsumjan but agrotechnic Abramjan,
[13:26] {Threei} second, it was not a lottery but cards,
[13:26] {Threei} third, it was not a car but three roubles,
[13:26] {Threei} forth, he lost, not won
[13:26] {Threei} the rest is true
[13:27] {_xzap} lol
[13:27] {hawkfan4} :)
[13:27] {_xzap} I wonder how many people got shook out of ICE
[13:28] {_xzap} now it's building sup @ 68.5 Vad, res is 70.25, where do we get in ?
[13:29] {Threei} we don't
[13:30] {Threei} you chose to ignore my point about about impossibility to control risk on this stock?
[13:30] {_xzap} nope, just wanted to hear your answer
[13:30] {Threei} you mean wanted to hear me repeating it
[13:30] {_xzap} yeah, wanted to hear your accent
[13:31] {Threei} OK, what does the room think... does it warrant the inevitable?
[13:31] {_xzap} oh Gosh
[13:31] {hawkfan4} get ready
[13:31] {_xzap} here it comes
[13:31] {Threei} yup
[13:31] {Threei} wait...
[13:31] {Threei} wait...
[13:31] {Threei} wait...
06[13:31] * Threei slaps _xzap around a bit with a large trout
[13:31] {Threei} there
[13:31] {_xzap} lol
[13:31] {_xzap} you are pretty cool Vad
[13:32] {Threei} {--- good at building the supsense
[13:32] {_xzap} but it did run from 68.5 to 70 :)
[13:32] {Threei} uhhu
[13:32] {Threei} and if they said, "yeah, we can't settle ytrades from now on"
[13:33] {_xzap} I really belive in trend lines, sup & res & Fib's
[13:33] {Threei} you would have lost 10 points before you even finish reading the headline
[13:33] {Threei} zap... here is one comment that, if this is the only thing you take from us, will cost more than any other advice you ever hear
[13:33] {Threei} risk evaluation comes first. Profit evaluation comes second
[13:34] {_xzap} ok, makes sense
[13:34] {Threei} Amatuers get elated by profit potential. Pros ger retsrained by risk potential.
[13:34] {_xzap} that's why I came here, to learn from you
[13:35] {_xzap} now watch it roll over, do we short it ?
[13:35] {Threei} that does it
06[13:35] * Threei slaps _xzap around a bit with a large trout
[13:35] {_xzap} lol
06[13:35] * Threei slaps _xzap around a bit with a large trout
06[13:35] * Threei slaps _xzap around a bit with a large trout
[13:35] {Threei} good day today... not only I am in the money, but I had an opportunity to slap not one, not two... but three people
[13:36] {_xzap} at least you could use fresh trout
[13:36] {Threei} one of them three times
[13:36] {Threei} what kind of fun would that be??
[13:36] {_xzap} gettin' pretty close to the 7's on the Dow
[13:37] {Threei} well, we were there in the morning
[13:37] {Threei} so, kind of developed tolerance for it :)
[13:37] {_xzap} I might change my bottom from 7500 to 7100
[13:38] {Threei} so far, it look eerily like yesterday
[13:38] {Threei} or before yesterday
[13:38] {Threei} preparing for big flush
[13:38] {Threei} if you believe in it, QID is your simplest way to trade it
[13:39] {_xzap} it's gonna be at least a week or more before the Fed can get that money in the system
[13:39] {_xzap} we can easily lose another 1000 in a week
[13:40] {_xzap} like playing the SD backwards Vad?
[13:40] {_xzap} SDS
[13:40] {Threei} same idea
[13:40] {Threei} ultrashort
[13:41] {_xzap} looking at it now
[13:41] {_xzap} see ya'll after dinner
[13:43] {Threei} this QID pullback most liely
[13:44] {GeoArb} dinner?
[13:44] {GeoArb} what time zone
[13:44] {Threei} I wonder myself
[13:44] {Threei} too .15 QID
[13:44] {GeoArb} so we have economists sayiing close the market till banks become capitalized
[13:44] {Threei} took
[13:44] {GeoArb} heard on radio
[13:45] {Threei} stop under 90
[13:45] {Threei} half out .60
[13:45] {Threei} out in full .95
[13:45] {Threei} +.80?
[13:46] {Chaeron} beauty
[13:48] {Threei} BOHICA
[13:48] {Threei} anyone did any QID
[13:48] {Threei} ?
[13:49] {Chaeron} I only saw after you were half out... sorry :(
[13:49] {GeoArb} still firing up platform at work :(
[13:49] {Chaeron} but *I'm* happy for you
[13:49] {GeoArb} me too
[13:49] {Threei} -615
[13:51] {Threei} VIX VOLATILITY INDEX MOVES ABOVE 75
[13:51] {_xzap} Eastern time zone... Dinner = lunch, breakfast, dinner, supper
[13:52] {Threei} lol
[13:52] {GeoArb} ahh
[13:52] {_xzap} country boy
[13:57] {Threei} SLW
[13:57] {Threei} mama mia
[13:58] {_xzap} G&S # 1 losing sector right now
[13:59] {Threei} what the heck happened to gold
[13:59] {Threei} silver, OK, that I understand
[13:59] {patience} euro banks selling to raise cash
[13:59] {Threei} but gold
[13:59] {patience} saudis are buying
[13:59] {Threei} bounce on lower volume, NQ
[14:00] {Threei} watch if new wave of acceleerating selling hits
[14:00] {Threei} QID will be good for another point at least
[14:02] {Threei} anyone went for 91?
[14:03] {_xzap} i wanted to but TRIN fell back
[14:04] {hawkfan4} playing the nq, scalping
[14:04] {Threei} same thing...
[14:04] {Threei} you know... "we have tockets to, umm, Ballbreaker"
[14:04] {Threei} "what?? maybe Nutcracker??"
[14:05] {Threei} "yeah... same thing, same thing"
[14:05] {hawkfan4} lol, definitely funnier after i figured out what "tockets" was :)
[14:05] {Threei} oh, this is simple... look at the letters around mistyped one...
[14:06] {_xzap} Now Vad I know you don't use indicators, but my indicators say the QID is oversold and building sup @ 89.50
[14:06] {Threei} to figure out the substitute :)
[14:06] {Threei} lost it fast
[14:06] {_xzap} won't this be a good bounce when the TRIN rises
[14:06] {Threei} zap, QID is not really independently traded thing
[14:07] {Threei} look at it
[14:07] {Threei} one buck under support you just mentionesd
[14:07] {Threei} I mean buck and half
[14:07] {_xzap} that's why I wait for a few candles to build sup
[14:07] {Threei} QID is simply market follower in reverse
[14:10] {Threei} LEHMAN CDS AUCTION RESULTS: $0.08625/DOLLAR V $0.0975 PRIOR
[14:10] {Threei} is it 8 cents for dolar?
[14:10] {_xzap} that's how I read it
[14:11] {Threei} yeah... I just can't believe I read it rigfht :)
[14:11] {_xzap} maybe they had a $440,000 party
[14:11] {Threei} what??
[14:11] {Threei} WB
[14:11] {Threei} UPDATE: RATING RAISED AT S&P TO A+ FROM BBB-; ON WATCH POSITIVE
[14:11] {Threei} OK... now iff we close green, I will have seen everything
[14:13] {_xzap} are we buying WB above5.03 ?
[14:13] {Threei} ah come on
[14:14] {Threei} big jump SLW
[14:17] {_xzap} are we watching the QID for the afternoon sell off ?
[14:17] {Threei} [13:38] {Threei} so far, it look eerily like yesterday
[14:17] {Threei} [13:38] {Threei} or before yesterday
[14:17] {Threei} [13:38] {Threei} preparing for big flush
[14:17] {Threei} [13:38] {Threei} if you believe in it, QID is your simplest way to trade it
[14:18] {hawkfan4} you watching WB vad?
[14:18] {Threei} I think I better stay away from it
[14:19] {Threei} considering its werid situation between C and WFC
[14:19] {hawkfan4} ah, gotcha, thx
[14:19] {Threei} I don't understand even why it trades at all
[14:19] {GeoArb} didnt c withdraw
[14:19] {GeoArb} and is suing
[14:20] {Threei} withdraw?
[14:20] {GeoArb} from nego
[14:20] {Threei} last I heard they divide the carcass
[14:20] {Threei} and discuss what parts for what cost go to whom
[14:20] {Threei} maybe I missed some development
[14:20] {magoo} vad..my usual question
[14:21] {GeoArb} nope
[14:21] {Threei} too soon mags
[14:21] {hawkfan4} 09-Oct-08 22:02 ET In Play After Hours Summary: WB +31% (Citi confirms the co ended negotiations with Wells Fargo on Wachovia Transaction
[14:21] {Threei} hmmm
[14:21] {GeoArb} citi is petulant
[14:21] {Threei} what is it suing for then?
[14:22] {Threei} and who? :)
[14:22] {GeoArb} wachovia for breach
[14:22] {GeoArb} 60 bill
[14:22] {GeoArb} i think
[14:22] {Threei} ok... I am in wrong business
[14:23] {_xzap} INFY moving up
[14:25] {_xzap} LEAP at day's low
[14:26] {_xzap} Vad } DRYS setting up for short ?
[14:27] {GeoArb} bad timing but hehhehehehe http://www.msnbc.msn.com/id/27113959/
[14:28] {magoo} vad any new news RIMM?
[14:29] {Threei} no on RIMM
[14:30] {_xzap} LEAP short ?
[14:30] {Threei} DRYS mirros market right now
[14:30] {Threei} same for LEAP
[14:31] {Threei} market goes for new lows, so do they
[14:34] {Onix} anyone in the green for the day and/or for the week?
[14:35] {Threei} hmmm... I am
[14:35] {Threei} but then again, I followed all my calls
[14:36] {Onix} i am -200 for today
[14:36] {Threei} how??
[14:36] {GeoArb} +65 here
[14:36] {GeoArb} only took morning one
[14:36] {GeoArb} s
[14:37] {GeoArb} and made some mistakes
[14:37] {Onix} got caught in PRU and UAUA
[14:37] {peterg} how about double shorting MS, thought I was covering. Got out with skin intact but no joy
[14:37] {GeoArb} 11:35] {Threei} hmmm... I am
[14:37] {GeoArb} [11:35] {Threei} but then again, I followed all my calls
[14:37] {GeoArb} was that a dig on xzap
[14:37] {GeoArb} ?
[14:38] {Threei} even with those Onix... winning calls cover them with a lot of overhead
[14:38] {_xzap} LEAP losing whole number
[14:39] {Onix} just wish i could trade all day already ... have this other job to take care of :)
[14:42] {Threei} NQ break of 1200 should serve as final signal for another eod flush
[14:42] {Onix} and taking stops still present a challenge that MUST be overcome!
[14:43] {peterg} Onix, I understand your sentiment, but sometimes it is nice to have the day job to go to--refreshing, different, and somewhat reliable.
[14:43] {_xzap} I sold my business to day trade full time
[14:44] {Onix} fortunately, my day-job is totally reliable, but with trading, i still have a LONGGGG way to go!
[14:44] {GeoArb} i i share the stop pain onix
[14:44] {GeoArb} getting slowly better
[14:44] {peterg} oh yeah
[14:44] {Onix} you mean there is light at the end of this dark tunnel?
[14:44] {GeoArb} now i use OMS module for stops a lot
[14:44] {GeoArb} as mechanical works better for me
[14:45] {peterg} works well?
[14:45] {GeoArb} sometimes i hesitate to punch out
[14:45] {GeoArb} on my own
[14:45] {peterg} ofcourse
[14:45] {GeoArb} there is some spread as its on pc not at broker
[14:45] {GeoArb} still better then me holding em :)
[14:45] {peterg} !!
[14:46] {Onix} i think i need to study Genesi Laser in more detail to find out if i can use hard stops
[14:46] {GeoArb} it exits
[14:46] {GeoArb} menu - modules - OMS
[14:47] {Onix} got it ... and then?
[14:47] {GeoArb} i can give ya a tour after close or on DCC if you want
[14:47] {Threei} click third button from the left
[14:47] {Threei} Add a new order
[14:47] {Threei} enter your oaramteres
[14:47] {Threei} click OK
[14:48] {Threei} click green triangle to activate it
[14:48] {_xzap} QID starting to make a nice lil pullback
[14:48] {GeoArb} "green triangle"
[14:48] {GeoArb} play button !!!
[14:49] {Onix} thanks, will give it a try
[14:49] {Threei} hmm... is my scanner broken} been a hwile since I've seen alert "new 52 week high"
[14:50] {GeoArb} nope... seeing mostly lows
[14:50] {Onix} roflol
[14:50] {Threei} thank you Onix
[14:50] {Threei} at least one person here gets my, undoubtedly questionable, humor
[14:52] {Chaeron} *crickets chirping*
[14:52] {Chaeron} :)
[14:52] {Threei} yeah yeah
[14:53] {Threei} gold 859?
[14:54] {_xzap} spot 841
[14:54] {Threei} wow... crashed
[14:54] {Threei} CAD got literally killed today
[14:54] {_xzap} gotta pay those margin calls
[14:54] {Threei} good thing for us canuckie traders
[14:54] {Threei} onix... dp... 1.2!
[14:54] {Chaeron} hmmmm someone in this room said something about all commodities crashing about a month or two ago... now let's ee.... who was it... V.. or thr.. something like that
06[14:55] * Threei tries hard to look humble...
[14:55] {Chaeron} lol
[14:55] {Onix} 1.2?
[14:55] {Threei} YSD/CAD
[14:56] {Threei} USD
[14:56] {Threei} USD/CAD REACHES ABOVE$1.2075
[14:57] {patience} i totally understand why our canadian dollar is falling
[14:57] {Onix} glad i don't have to convert any CAD today to USD
[14:57] {GeoArb} why?
[14:57] {patience} we have surpluses each year in our budget
[14:57] {patience} we totally fund our social security for generations ahead
[14:57] {patience} our real estate is still appreciating
[14:57] {_xzap} I've got a cpl of loonies around here somewhere
[14:57] {Threei} I was a happy elephant when it's was 1.6
[14:57] {patience} our employment keeps climbing
[14:57] {Threei} for each 1K I made trading I was getting 1,600 canadian
[14:57] {patience} we are ranked number one in the world for having solid banks
[14:58] {_xzap} and you can go topless in Canada !!
[14:58] {GeoArb} happy elephant
[14:58] {patience} of course, how do you think i am dressed now xzap
[14:58] {GeoArb} okkkkk
[14:58] {Threei} zap, not in the winter in Manitoba
[14:58] {_xzap} Oh Lord
06[14:58] * Chaeron closes eyes and blushes deeply
[14:58] {patience} i am wearing an apron though
[14:58] {Chaeron} mmmmmmm cookies????
[14:59] {patience} yup
[14:59] {_xzap} (.)(.) Summer (@)(@) Winter
[14:59] {patience} you are funnny xzap, haven't seen that before
06[14:59] * GeoArb closes his kids eyes
[14:59] {Threei} and sabre?
[14:59] {Chaeron} cookies.... *I* have my priorities straight
[15:00] {Threei} looking at MS, can;'t help but think
[15:00] {Threei} does it get nationalized over this weekend?
[15:00] {Chaeron} about cookies?
[15:00] {Threei} lol
[15:00] {Threei} or sold to GS
[15:01] {_xzap} LEAP still breaking down
[15:01] {GeoArb} mayyybe
[15:01] {GeoArb} thats why C got out of wachovia
[15:01] {Threei} something isn't as always today re: close selloff
[15:02] {Threei} less and lkess looks like we are going to get it
[15:02] {laserdave1} biggest move up ever in the history of the stock market today?
[15:02] {laserdave1} off of the bottom?
[15:02] {Threei} I believe so dave
[15:02] {GeoArb} hey dave
[15:02] {laserdave1} hey guys
[15:02] {Threei} about 800 points DJI
[15:02] {laserdave1} its been seeting up for this
[15:02] {laserdave1} ya its possible
[15:02] {laserdave1} hold on to your pants
[15:02] {Threei} yeah, but then we went down 600 :)
[15:02] {laserdave1} i know
[15:02] {laserdave1} i thought it was coming yesterday
[15:03] {_xzap} TRIN has been sideways for a while. Waiting on 3:15
[15:03] {magoo} dcc
[15:03] {magoo} dave
[15:04] {_xzap} CNBC: Sources say up tick rule NOT coming back
[15:04] {Threei} good
[15:04] {hawkfan4} amen
[15:04] {_xzap} that short sell ban really worked !
[15:04] {Threei} it's been meaningloess anyway ever since we switched to decimals
[15:04] {Chaeron} Shoot.... Mother's Cookies just closed their doors.... no more of those pink and white circus cookies
[15:04] {GeoArb} really?
[15:04] {Chaeron} I'm not kidding
[15:05] {_xzap} NQ holding around 1220
[15:06] {_xzap} #1 sector: Regional Banks Bottom sector: Gold & Silver
[15:06] {Threei} world turned upside down
[15:06] {Threei} how the heck during such crisis gold goes down but banks go up :)
[15:07] {_xzap} I know some goldbugs who are hurt bad
[15:07] {Onix} how much we learn every day!
[15:08] {Threei} about goldbugs and ladybugs in aprons?
[15:08] {_xzap} hee hee
[15:08] {patience} patience checks pocket in apron
[15:08] {Onix} that too
[15:08] {Threei} for a brick to throw at me?
[15:08] {patience} nope, another theory for gold going down right
[15:08] {patience} now
[15:08] {_xzap} pasties
[15:08] {patience} gold leases
[15:09] {patience} have been leased and leased and leased
[15:09] {laserdave1} now lets do this
[15:09] {patience} with no physical backing them up
[15:09] {laserdave1} look at chart market
[15:09] {Threei} why not... who can really control that
[15:09] {Threei} OK guys... let's look for a long candidate
[15:09] {Threei} feels like we might get contrarian move today
[15:10] {Threei} short the close seems to become too customary
[15:10] {Threei} half lots, OK?
[15:10] {Threei} don't go crazy
[15:10] {Chaeron} awwwwwwwwwwww
[15:10] {_xzap} I just can't see people going long on Friday
[15:10] {Threei} risk is horrifically high
[15:10] {Threei} ADBE, .50 break
[15:11] {laserdave1} well i find it hard to hold a short over weekend
[15:11] {laserdave1} if u are short
[15:11] {laserdave1} u r up massive
[15:11] {laserdave1} risk reward
[15:11] {laserdave1} long all the way baby
06[15:11] * GeoArb in .51
[15:11] {Threei} stop under .30
[15:11] {Threei} half out .65
[15:12] {Threei} offer the rest .80
[15:12] {Threei} out
[15:12] {_xzap} good call Vad
[15:12] {Threei} yeah, I have my moments
[15:12] {Onix} ty Vad, i got 25c on 100sh
[15:13] {Threei} good
[15:13] {Threei} geo, out?
[15:13] {Threei} zap, took it?
[15:13] {_xzap} missed it
[15:13] {GeoArb} out but early
[15:13] {GeoArb} scalped
[15:13] {Threei} it gave ample time for entry...
[15:14] {GeoArb} all out .70
[15:14] {_xzap} I know
[15:14] {Threei} fine
[15:14] {Threei} nothing wrong with scalping during such nervous times
[15:14] {GeoArb} in office... someone came in punched out lol
[15:14] {GeoArb} TY vad
[15:14] {Threei} see how fast it gave it all back?
[15:14] {GeoArb} ahhh money going into the weekend
[15:19] {Threei} giant squeeze may be in cards
[15:19] {_xzap} bid small lot of QID @ 83
[15:19] {Threei} or was it squid I was thinking about
[15:20] {Threei} 24 NATIONS HAVE REPORTEDLY COME TOGETHER IN REQUESTS FOR AN ENCOMPASSING RESPONSE TO MARKET TURMOIL
[15:20] {patience} paulson rules 24 central banks?
[15:21] {Threei} he is da king
[15:21] {_xzap} in QID 83
[15:21] {Threei} why zap?
[15:22] {Threei} get out while you have a chance
[15:22] {_xzap} 50 shares w/1 point stop
[15:22] {Threei} it's not about number of shares... it's about trading right
[15:23] {Threei} this entry does not make sense to me
[15:23] {Threei} ADBE works well to utilize these spikes NQ
[15:23] {Threei} just too fast for me to alert each of them
[15:23] {_xzap} out 83.6
[15:24] {Threei} got lucky
[15:24] {_xzap} i know
[15:24] {Threei} second time today
[15:24] {Threei} take it as a trading god's message:
[15:24] {Threei} we let you off easy for now,
[15:24] {Threei} but man, learn the profession
[15:24] {dptl} whuuuu...what a day.....just got positive for the day:)
[15:24] {Threei} on what dp?
[15:25] {dptl} cbg,
[15:25] {dptl} and some on ng
[15:26] {Onix} ty Vad, got 51c ADBE on 200sh
[15:27] {Threei} hah
[15:27] {Threei} someone almost got even for tha day
[15:27] {Onix} $34 to go
[15:27] {Onix} green
[15:28] {Threei} it's not easy to go green
[15:28] {Threei} we know that from recent discussions of carbon tax
[15:28] {_xzap} $INDU is making a heck of a hammer, today might be the day
[15:28] {Threei} told ya
[15:28] {Onix} will have to vote for the green party?
[15:29] {Threei} 15:09] {Threei} feels like we might get contrarian move today
[15:29] {Threei} [15:10] {Threei} short the close seems to become too customary
[15:29] {dptl} heh green again....can't beleive that
[15:29] {Threei} [15:19] {Threei} giant squeeze may be in cards
[15:29] {Threei} take a look at QID zap
[15:29] {Threei} they really let you out
[15:29] {_xzap} watching ti now
[15:30] {_xzap} watching it for 79
[15:30] {Threei} this kind of squeeze can go in a straight line
[15:30] {Threei} not taking any prisoners
[15:30] {Threei} watch this squeeze guys... this is sign of things to come when we finally have bottom in
[15:30] {Threei} it will be as relentless as selling was, possible more
[15:31] {patience} not alot of market time left, assume majority would be after hours. what do you think vad
[15:31] {Threei} quite possibly..
[15:31] {Threei} I am not playing after market today
[15:32] {Threei} this week satisfied my trading appettite fully
[15:32] {Threei} twice over]
[15:33] {Threei} did we just get frikin 500 points drive on Dow?
[15:33] {Threei} lol
[15:33] {Threei} and not done yet
[15:34] {dptl} crazy:)
[15:34] {Threei} next break is coming
[15:34] {GeoArb} amazing day
[15:34] {patience} totally amazing week
[15:34] {Threei} grabbed another ADBE scalp
[15:34] {Threei} sorry guys, not calling those, too fast
[15:35] {Threei} ether you can read them on your own or sit it out
[15:35] {laserdave1} yesssssssssssssssssssssssssssssssssssssssssssssss
[15:35] {Threei} zap, don't tell me you went into QID at 79
[15:35] {_xzap} lol
[15:35] {_xzap} just watching it
[15:35] {GeoArb} dav?
[15:36] {Threei} DJI
[15:36] {Threei} +270
[15:36] {GeoArb} ammmmazing
[15:36] {GeoArb} gonna remember this week
[15:37] {Threei} don't tell me you weren't alerted
06[15:37] * GeoArb bows to lord vader
06[15:37] * Threei tries hard to look modest
[15:37] {GeoArb} you in apron too vad?
06[15:37] * Threei acknowledges it's unnatural stance for him
[15:38] {Threei} ok, back out of fuirther longs here
[15:38] {Threei} let market look what it did
[15:38] {Threei} it needs some navel gazing
[15:38] {GeoArb} hehehe wsj headline cant keep up
[15:38] {dptl} :)
[15:39] {_xzap} I wanted to say it's been a pleasure being here this week Vad, et al
[15:39] {Threei} you guys realize we have over 1000 points swing today?
[15:39] {laserdave1} ya i said today might be biggest mover ever off of bottom in history of trading
[15:39] {Threei} you know where to find us when you decide we offer valuable education, zap
[15:40] {_xzap} I thought it was a 60 day free trial
[15:40] {Threei} uhhu
[15:40] {_xzap} or until the Dow was at 10000
06[15:40] * GeoArb want to sign up for that too
[15:40] {Threei} I may be modest... but not self-denigrating to such degree
[15:40] {_xzap} lol
[15:40] {Threei} look at selling now
[15:41] {_xzap} we still have 290 mins
[15:41] {Threei} timely wqarning to withold longs?
[15:41] {_xzap} 20
[15:41] {Threei} -110
[15:41] {GeoArb} the best offer i hope to get is good sheesh kababs if i am in victoris :)
[15:41] {Threei} rofl
[15:41] {laserdave1} qqqq just dropped 1.20
[15:41] {hawkfan4} mama mia
[15:41] {GeoArb} ig i didnt know better i would have thought the ticker is broken
[15:41] {Threei} ADBE lost buck and half in a fdew shakes of a lamb tail
[15:42] {_xzap} QIS jsut shot up 5.5 points
[15:42] {_xzap} QID
[15:42] {Threei} shot up in cards now
[15:43] {_xzap} that hammer doesn't look so good now
[15:44] {Threei} ADBE is up 40 cents from the moment I said up
[15:44] {Threei} better trade than stare at hammers :)
[15:45] {_xzap} I don't like to trade after 3:30
[15:45] {Threei} matter of taste... I don't like looking at hammers, drills or saws at any time of the day... call me not very handy :(
[15:45] {_xzap} lol
[15:46] {dptl} lol
[15:46] {hawkfan4} if i had a hammer, i'd hammer in the morning...
[15:46] {Threei} and about 60 days trial... zap, don't tell me calls you saw here during this week are not worth 300 a month
[15:47] {Threei} you hate your neighbors so much hawk?
[15:47] {_xzap} Yes they are Vad, our styles are so different tho
[15:47] {_xzap} but I will probably give you a month's try at least :)
[15:47] {hawkfan4} lol
[15:47] {Threei} does yours make money?
[15:48] {peterg} vive l'difference!
[15:48] {Threei} 'cause if not - that's where they differ {G}
[15:48] {patience} vad, i new the apron comment would make the difference :)
[15:48] {_xzap} yes it does
[15:48] {Threei} lol patience
[15:48] {_xzap} lol patience
[15:48] {Threei} if does, why do you need anyone's help at all
[15:48] {_xzap} for conformation
[15:49] {Threei} what better confirmation than profits
[15:49] {Threei} that's the confirmation from the market itself
[15:49] {_xzap} I started studying day trading in Jauary and made some VERY costly mistakes, I'm very gun shy
[15:49] {Threei} so it doesn't make money
[15:49] {Threei} sorry but you contradict yourself :)
[15:49] {_xzap} I haven't made the same mistakes
[15:50] {_xzap} I'm just not making what I want
[15:50] {_xzap} so I have searched the net over for a good trading room to help me build my confidence
[15:51] {Threei} 10 min lweft... I'll take any more trades only if something extraordinary happens
[15:51] {Threei} and in today's terms extraordinary woluld mean probably 1500 points drop
[15:52] {GeoArb} the best thing hat happenned to me all week
[15:52] {GeoArb} my in laws left
[15:52] {Threei} rofl
[15:52] {Threei} come on
[15:52] {Threei} you made money today
[15:52] {GeoArb} come on vad
[15:52] {GeoArb} some things are more imp than money
[15:52] {Threei} OK... when it comes to in-laws, I'll give it to you
[15:53] {Threei} it's priceless
[15:53] {GeoArb} hehehe
[15:53] {GeoArb} i think the damage he did in the garden itself is worth a couple of grand
[15:53] {GeoArb} lol
[15:53] {Threei} lol
[15:53] {Threei} what did he do, rolled in daliahs
[15:54] {GeoArb} i told my gardner to wait for a month till he leaves.... and then redo
[15:54] {GeoArb} no he dug up everything and planted a veg garden
[15:54] {peterg} He wants you to have enough food
[15:54] {GeoArb} I AM NOT GOING TO GROW MELONS!!!!!
[15:54] {dptl} lol
[15:55] {GeoArb} good day vad..... got 150 even though missed a lot of calls
[15:55] {Threei} :)
[15:55] {Threei} 14:11] {Threei} OK... now if we close green, I will have seen everything
[15:56] {Threei} we may close red but we went to green into over 200
[15:56] {Threei} I HAVE seen everything now
[15:57] {dptl} yeh it will be hard to surprize me anymore after this week:)
[15:57] {Threei} yeah... dialog with your grandkids:
[15:57] {Threei} look, green elephants are flying in the sky!!
[15:58] {Threei} you: yeah... so what... I saw Oct 10 2008
[15:58] {dptl} lol
[15:59] {peterg} 30 sec
[15:59] {peterg} holding red
[16:00] {patience} glad the work week is done
[16:00] {_xzap} see you guys & gals later :)
[16:00] {peterg} abbsoluto
[16:00] {peterg} by zap
[16:00] {peterg} hope to see you again
[16:00] {Threei} ok guys
[16:00] {Threei} thank you for keeping me company this week
[16:00] {Threei} have a great weekend
[16:00] {hawkfan4} cya all
[16:00] {peterg} quite thew week
[16:00] {Threei} see you all on Monday
[16:00] {patience} tuesday
[16:01] {peterg} Monday
[16:01] {dptl} have a good weekend all:)
[16:01] {peterg} candada holiday
[16:01] {patience} sigh

Oct 09 2008

Session Time: Thu Oct 09 00:00:00 2008

[08:00] {magoo} jhuhffhfhfg
[08:01] {_xzap} Canadian Solar Signs 2009 Sales Contract With Systaic Of Germany And Announces European Sales To Date
[08:01] {_xzap} hi magoo
[08:02] {magoo} xzap:)
[08:14] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:14] {Threei} - Expectations for initial claims are 475K v prior release of 497K.
[08:14] {Threei} - Continuing claims seen at 3.608M v prior 3.591M.
[08:14] {Threei} good morning
[08:15] {_xzap} howdy Vad
[08:15] {magoo} morn vad. was there any news for that ENER sell off at bell?
[08:16] {Threei} don't see anything
[08:20] {_xzap} 52 week lows, Vol }1M, Y'day's vol 150% above avg, AAPL, ADBE,AMZN,BUCY,CENX,MSFT,INTC,ORCL,DRYS,JOYG
[08:22] {_xzap} These are just a few notable names from a list of 577
[08:23] {esemde} good morning....
[08:23] {_xzap} ENER gap up 2.12 so far this am
[08:24] {_xzap} hi ese
[08:24] {esemde} zap......
[08:25] {Threei} ese :)
[08:25] {magoo} ese:)
[08:25] {Threei} RANIAN OIL MIN CONFIRMS OPEC MEETING IN NOV
[08:26] {Threei} they are so concerned with falling oil price... as if under 100 is unacceptable low
[08:26] {Threei} many years it traded way lower and they still were the richest nations
[08:27] {Threei} now anything under 100 is too low for them
[08:28] {_xzap} Vad, do you think Q3 earnings misses (I'm assuming a lot miss) are already priced in the mkt?
[08:29] {Threei} on a large scale, I think it either is, or it just won't be a major driving factor
[08:29] {Threei} on company by company basis it could matter
[08:29] {Threei} overall, greater concerns should overtake
[08:30] {Threei} everyone knows economy is slow
[08:30] {Threei} so low earnings won't be of any surprise
[08:30] {Threei} INITIAL CLIAMS: 478K V 475KE; CONTINUING CLAIMS: 3.659M V 3.608ME
[08:30] {Threei} - Prior Initial Jobless Claims from 497K to 498K
[08:30] {Threei} - Prior Continuing Claims revised from 3.591M to 3.M
[08:31] {Threei} look
[08:31] {Threei} market didn't even blink
[08:31] {magoo} meaning?
[08:31] {Threei} bad jobless numbers
[08:31] {Threei} no drop
[08:32] {Threei} tells you something?
[08:32] {magoo} what?
[08:32] {Threei} OK, I'll oblige
06[08:32] * Threei slaps magoo around a bit with a large trout
[08:34] {esemde} Vad i'm trying to log onto the trading room from my new macbook but it won't accept my user and password
[08:35] {Threei} there is no track of connection attempt ese
[08:35] {Threei} it doesn't go to our server
[08:35] {esemde} tried yesterday.....
[08:35] {Threei} what time?
[08:35] {Threei} roughly
[08:36] {esemde} somewhere between 6:30 and 7
[08:36] {Threei} let me look
[08:36] {Threei} wrong username
[08:36] {Threei} I see connect attempt by ese
[08:37] {esemde} dcc please
[08:37] {_xzap} 52 week lows that are gapping up this am: AAPL, AMZN, ORCL, DRYS
[08:41] {_xzap} hi patience
[08:41] {_xzap} hi Geo
[08:41] {patience} good morning guys :)
[08:42] {ese} hi all....this is a check from my new macbook pro
[08:42] {magoo} patience,geo:)
[08:42] {ese} patience
[08:42] {ese} mags
[08:42] {brian3579} gm all
[08:42] {Threei} macbook tend to shorten people's names
[08:42] {Threei} brian :)
[08:43] {ese} hmmmmm it does indeed....works for me
[08:43] {_xzap} hi brian
[08:43] {brian3579} gm
[08:44] {_xzap} futures look good so far
[08:44] {ese} patience.....you having a feild day with interest rte contracts
[08:47] {patience} sorry ese, not following you
[08:49] {ese} are you playing interest rate options/contracts
[08:49] {ese} interest rate futures
[08:51] {patience} not at all, are you?
[08:52] {ese} no......but it would have been a no brainer the other day.....
[08:54] {Onix} good morning al
[08:54] {Threei} onix :)
[08:54] {patience} ah, that would account for it....if it were an easy trade...i missed it.. :)
[08:55] {ese} me as well....
[08:56] {_xzap} gm Onix
[08:58] {_xzap} Top gap ups so far: QSFT, AAUK, CSIQ, ENER, DRYS, BRCM, RIMM, AAPL. Some of these are also at 52 week lows on above avg vol.
[09:06] {Onix} most financials running this morning
[09:06] {cosmo} but they cant hide...
[09:06] {dptl} good morning all
[09:06] {Onix} gm dp
[09:07] {Threei} dp :)
[09:11] {magoo} (:pd
[09:15] {dptl} :)
[09:17] {Threei} COIN
[09:17] {Threei} SIGNS STRATEGIC DEAL WITH WASTE MANAGEMENT FIRM UNITED TRUCKING
[09:17] {Threei} - COIN and United Trucking Inc. of Mount Laurel, New Jersey have agreed to cooperate in the collection, processing and conversion of food waste from United Trucking food service clients.
[09:17] {Threei} - Financial terms were not disclosed.
[09:17] {Onix} is Monday US holiday as well? ...Thanksgiving in Canada
[09:18] {Threei} no
[09:18] {_xzap} Quest Software Inc. (QSFT) jumped 114.3% premarket after naming a new chief executive and announcing plans to repurchase up to $400 million, or 26%, of its stock.
[09:19] {GeoArb} gm all
[09:19] {Threei} geo :)
[09:19] {_xzap} hi Geo
[09:20] {Threei} I don't see any prints that high on QSFT
[09:20] {Threei} 12.45 is highest on my T&S
[09:20] {_xzap} I don't either Vad
[09:21] {Threei} someone's calculator is off I guess
[09:21] {_xzap} it is # 1 gap up right now
[09:21] {GeoArb} so did shorting ban expire?
[09:21] {Threei} yes
[09:21] {GeoArb} ok
[09:23] {_xzap} BBBY gap up
[09:24] {Threei} this one looks weird to me
[09:24] {Threei} I wouldn't expect retail sector to strengthen just yet
[09:25] {_xzap} I thought that was weird also
[09:25] {Threei} closed 27.55... look at the spread premarket
[09:25] {_xzap} good gosh
[09:26] {Threei} almost like someone hit offers not paying attention to handle
[09:26] {_xzap} ENER is up $2,32
[09:29] {_xzap} now $3.08
[09:30] {Threei} watching ADBE for pullback and long entry
[09:30] {Threei} half lot
[09:32] {magoo} under30?
[09:33] {_xzap} I've got pivot at 29.65 - 29.87
[09:33] {GeoArb} in .30
[09:33] {GeoArb} out .54
[09:34] {magoo} in .18
[09:34] {GeoArb} bit choppy
[09:35] {magoo} really missed et
[09:35] {magoo} was waiting .91
[09:35] {GeoArb} yeah 2 cents
[09:36] {magoo} saw .85
[09:36] {magoo} fasttttttttttttttttttttttt
[09:36] {magoo} waiting .85 now
[09:37] {GeoArb} filled the gap
[09:38] {magoo} no help mkt
[09:41] {magoo} out here .67 TY vad
[09:42] {Threei} :)
[09:43] {_xzap} QSFT starting to pull back, 50% Fib retrace is11.4
[09:43] {Threei} pullback time
[09:45] {Threei} hmm... not much of pullback
[09:46] {magoo} adbe or mkt?
[09:46] {Threei} either
[09:46] {Threei} OK, a bit better now
[09:46] {magoo} pretty volatile
[09:46] {Threei} watch RIMM around 61
[09:48] {Threei} ADBE .40 break, half lot
[09:48] {Threei} stop under .20
[09:49] {peterg} morning folks
[09:49] {Threei} peter :)
[09:50] {magoo} peterg:)
[09:50] {_xzap} selling pressure on DRYS
[09:50] {_xzap} hi peter
[09:51] {peterg} z!
[09:52] {_xzap} not seeing normal pullbacks, let's see what 10 - 10:15 brings
[09:54] {Threei} need NQ to break 1370 for the next leg up
[09:55] {_xzap} CSIQ meeting res @ 14.2
[09:55] {Threei} no worky ADBE
[09:56] {_xzap} ADBE coming back to pivot
[09:59] {Threei} MS got beaten to the pulp
[09:59] {Threei} tempted to short it
[09:59] {dptl} short ban expired...but in some stock in laser still give me error code
[09:59] {Threei} MS shortable
[10:00] {Threei} a bit too jumpy, hard to find entry
[10:00] {dptl} ohh...sorry....never mind last post:)
[10:01] {Threei} if you went for breakdown cover half here
[10:01] {Threei} 14 is coming it seems
[10:02] {_xzap} bid ADBE @ 29.9
[10:03] {_xzap} in 29.9
[10:04] {dptl} flex?
[10:05] {Threei} chart is right, but it's a slow one
[10:05] {Threei} can torture you for hours
[10:05] {_xzap} what isn't slow *LOL*
[10:05] {dptl} ok ty
[10:05] {Threei} MS isn't {G}
[10:07] {Threei} if you are willing to give it chance, 5.42 long with .35 stop
[10:07] {Threei} if loses .35, let it pull back deper
[10:07] {dptl} that was a plan
[10:09] {Threei} NTAP
[10:09] {Threei} ugh... jumped while I typed
[10:10] {Threei} pullback into .80 -.85 area
[10:11] {Threei} if no pullback and market jumps agian, .95 long with .84 stop
[10:13] {_xzap} Out ADBE 30.30 + .40
[10:13] {Threei} good one
[10:13] {_xzap} thx Vad
[10:16] {_xzap} watching QSFT for 11.4
[10:16] {Threei} stop NTAP .79 who got it on pullback
[10:16] {Threei} you actually have a scalp here
[10:16] {Threei} but I'd prefer to try and hold it for break
[10:17] {Threei} risk is so miniscule
[10:17] {Threei} or let's partial
[10:17] {Threei} half out .97
[10:18] {Threei} now think of NTAP in these terms:
[10:18] {Threei} your risk is afew cents here,
[10:19] {Threei} if market stages this nice slow confident climb here, NTAP can go quite nicely
[10:19] {Threei} 14.50 is not out of question
[10:19] {Threei} so, either keep your stop under .80 and forget about second half
[10:19] {Threei} or just take profit on jump after 14 break
[10:19] {Threei} personal choice really
[10:24] {Threei} GM... sheesh
[10:25] {Threei} are we about to lose our automaking industry?
[10:26] {peterg} cant short it
[10:27] {peterg} just as well
[10:27] {Threei} probably not all bans are flashed out of the system yet
[10:29] {Threei} Short Setup: IBM 92 breakl small shares
[10:30] {Threei} feel free to cover as you see fit
[10:30] {Threei} easy and quick 40 something cents
[10:33] {_xzap} watching DRYS for 20.8 - 21, at 76% Fib retrace now
[10:33] {Threei} full buck now IBM
[10:33] {Threei} not watching anymore, anyone who took it is too deep in the money to need any further comments
[10:34] {Threei} and if you all ignored it, tell me so I just go sleep
[10:36] {Threei} Long Setup: ADBE 30.03
[10:36] {Threei} srtop under 29.90
[10:37] {Threei} half out ADBE .20
[10:37] {Threei} scalpers are out in full
[10:38] {Threei} stop to .95
[10:39] {Threei} am I alone in here?
[10:39] {_xzap} nope
[10:40] {magoo} in adbe
[10:40] {Onix} no
[10:40] {Onix} in ADBE @ .06
[10:40] {Threei} never have I seen such grave silence greeting one profitable call after another
[10:40] {peterg} in and out abde for a penny
[10:40] {GeoArb} geo{- trying to be strong and silent
[10:40] {peterg} adbe
[10:40] {Threei} penny?
[10:41] {magoo} u sound like dino lol
[10:41] {peterg} yes
[10:41] {peterg} not having fun yet
[10:41] {Threei} I am lost
[10:41] {peterg} how so?
[10:41] {Threei} it went over 20 cents
[10:41] {Threei} how come you take a penny?
[10:41] {peterg} in at .12, out going down at .13
[10:41] {_xzap} watching CSIQ for 13.3
[10:41] {GeoArb} wow late peterg
[10:41] {peterg} slow reflexes?
[10:41] {peterg} too late huh
[10:42] {Threei} .12 vs .03 trigger? that's a lot of chasing
[10:42] {GeoArb} well umm i didnt do better than .06
[10:42] {peterg} buy limit?
[10:42] {Threei} limit a few cents above market
[10:42] {Threei} I'd say .06 - .07 limt if trigger is .03
[10:42] {peterg} when you publish the move, it has already moved up
[10:43] {_xzap} DRYS reaching pivot
[10:43] {Threei} ADBE was .02 at the moment
[10:43] {Threei} if you miss it, wait for pullback
[10:43] {Threei} but chasing that high?
[10:43] {peterg} just shooting at it with mkt order
[10:43] {Threei} no, not on volatile stock
[10:43] {peterg} determined to get on board can be mistake i guess
[10:43] {Threei} market order is fine for a thick slow ones
[10:43] {Threei} with a lot of liquidity
[10:44] {peterg} this is why I am trying to figure out keys
[10:44] {peterg} because fiddling around wi level 11 mouse key change and setting price too clumsy
[10:44] {peterg} time consuming
[10:44] {peterg} miss moves
[10:44] {Threei} even with mouse... just click on level 2 couple levels above your trigger
[10:44] {Threei} and lick limit buy
[10:44] {Threei} kclick
[10:44] {Threei} sheesh
[10:44] {Threei} lol
[10:44] {GeoArb} yeah vads style
[10:45] {peterg} lick the limit?
[10:45] {peterg} yummy
[10:45] {Threei} sigh
[10:45] {peterg} lift, right
[10:45] {GeoArb} click
[10:45] {peterg} click the price, i get that
[10:45] {_xzap} bid 20.8 DRYS
[10:45] {peterg} but its movin so fast
[10:45] {GeoArb} no click price a few ahead
[10:45] {GeoArb} so thats your limit
[10:46] {Threei} right
[10:46] {peterg} ok ill try
[10:46] {peterg} thanks
[10:46] {peterg} all
[10:46] {peterg} who seek to help the feeble minded
[10:46] {Threei} let's make sure we are on the same page
[10:46] {Threei} to avoid any costly mistakes
[10:46] {Threei} when you click on level 2, it puts a price you clicked on in your Price windiw
[10:46] {GeoArb} heheh the oother guys have been here a while.... we will all get there
[10:46] {Threei} right?
[10:47] {peterg} right, when you have selected limit trade
[10:47] {Threei} correct
[10:47] {Threei} or should I say korrekt
[10:47] {Threei} so, ADBE is .79 right now
[10:47] {peterg} i prefer vowel free krkt
[10:47] {Threei} let's assume you want to buy it
[10:48] {peterg} ok
[10:48] {Threei} bad example, moves too fast
[10:48] {peterg} right
[10:48] {GeoArb} qqqq
[10:48] {Threei} FRE
[10:48] {Threei} 1.10
[10:48] {Threei} you want it here
[10:48] {Threei} you click 1.12
[10:48] {_xzap} canceld buy for DRYS
[10:48] {Threei} and click Limit Buy
[10:49] {peterg} yahhhh?
[10:49] {Threei} ?
[10:49] {peterg} i dont want to buy it
[10:49] {Threei} no
[10:49] {Threei} it's an example :)
[10:49] {peterg} ck
[10:49] {Threei} if a stock waits for you, great
[10:49] {peterg} so ia am set to hit buy with a limit of 1.12
[10:49] {Threei} you'll get your 1.10
[10:50] {Threei} if it tick fast,
[10:50] {Threei} you may get 1.10, 1.11 and 1.12
[10:50] {Threei} possibly in partials
[10:50] {peterg} but I have a shot at getting it if it moves up fast, right?
[10:50] {Threei} but if it got away completely
[10:50] {peterg} but i dont get stock if goes up too much
[10:50] {Threei} your order will post 1.12 bid
[10:50] {Threei} without chasing it into too sharp spike
[10:50] {GeoArb} ahhh that i didnt know
[10:51] {Threei} Now, if you still want it on a pullback, leave your bid there
[10:51] {peterg} feels good to have training wheels on again.
[10:51] {Threei} if not, click cancel
[10:52] {peterg} ok, lets party! THanks vad and team
[10:52] {_xzap} FWLT starting to roll over
[10:52] {GeoArb} gold touched HOD
[10:52] {GeoArb} oil LOD
[10:52] {Threei} np peter
[10:52] {Threei} don't hesitate to ask
[10:52] {peterg} thks
[10:52] {Threei} there are a lot of things I take for granted
[10:52] {Threei} especially in this "nuts and botls" department
[10:53] {Threei} having traded with direct access broker from 1997
[10:53] {GeoArb} laser is cannon and can be configured six ways from sunday
[10:54] {peterg} but only when it is up, from seven am to, what, five or six pm?
[10:54] {peterg} and not on weekends
[10:54] {GeoArb} yes
[10:54] {GeoArb} lol
[10:54] {GeoArb} i ditched the second half on adbe flat
[10:55] {GeoArb} missed exit
[10:55] {peterg} when watching RIMM, hard to pick prices because of the speed of change.
[10:55] {Threei} true
[10:55] {Threei} there are a few strategies for different routes,
[10:56] {peterg} mmmm?
[10:56] {Threei} I keep giving myself a word to get deeper into them
[10:56] {Threei} to see if there is something we cluld use
[10:56] {GeoArb} ??
[10:56] {Threei} but laziness takes over every time
[10:56] {Threei} OK, look here:
[10:56] {Threei} Trade - Routing Strategy
[10:56] {Threei} one for INET, one for ARCA
[10:57] {Threei} anyone has any idea what that is, feel free to share
[10:57] {Threei} if not, some day I'll get to it :)
[10:57] {GeoArb} dont touch it vad
[10:57] {GeoArb} ARCA PO+ has been down last couple of days
[10:57] {_xzap} bid 20.8 DRYS again
[10:58] {Threei} oh great
[10:58] {dptl} i use inet stgy
[10:58] {Threei} you know what is the surest way to make Russian to jump from the bridge geo?
[10:58] {dptl} hits everything....starting with inet book first
[10:58] {Threei} yes dp
[10:58] {Threei} that's what I use too
[10:58] {GeoArb} tell me the alaska bridge goes nowwhere?
[10:59] {Threei} no
[10:59] {Threei} tell him jumping off this bridge is strictly forbidden
[10:59] {GeoArb} lol
[10:59] {Threei} so... [10:57] {GeoArb} dont touch it vad
[10:59] {Threei} does just that :)
[10:59] {GeoArb} hehehe
[11:00] {Threei} MS...
[11:00] {Threei} small shares short 12.75 break
[11:00] {GeoArb} i thought you werent russian but ukranina vad?
[11:00] {Threei} not much difference back then
[11:00] {GeoArb} ukranian
[11:01] {GeoArb} well the name sounded cooler
[11:01] {Threei} it's now that they try to make big deal out of it, sovereignity, language etc
[11:01] {Threei} back then whole Ukraine spoke Russian almost exclusively
[11:01] {_xzap} canceled 20.8 bid on DRYS
[11:02] {_xzap} Vad, ever hear of Volgan Russians
[11:03] {GeoArb} sheesh i got 20 shares on .74
[11:03] {Threei} what to hear... one of areas in Russia
[11:03] {Threei} that's realy small shares Geo
[11:03] {GeoArb} well i tried 300
[11:04] {GeoArb} it swept .74 .73 and .72
[11:04] {GeoArb} and thats all it got in INET
[11:04] {_xzap} I traced my family tree to there Vad
[11:04] {Threei} wow
[11:04] {_xzap} they threw us out and we exiled to Germany and then to Kansas in the US
[11:05] {Threei} I bet you regret that bitterly
[11:05] {_xzap} LMAO
[11:05] {Threei} or maybe not
[11:05] {Threei} :)
[11:05] {GeoArb} ahh kansas... my wife lived in topka for 5 yrs
[11:05] {GeoArb} topeka
[11:05] {_xzap} then we went from Kansa to Virginia and North Carolina where we stayed
[11:06] {Threei} I don't see any news killing market
[11:06] {_xzap} selling into any rallies stil
[11:06] {GeoArb} oil low gld high
[11:07] {_xzap} we've still got to have that BIG wash out, IMHO
[11:07] {Threei} no worky MS
[11:07] {GeoArb} well i am glad just got 20 shares
[11:08] {peterg} made .08 practicing limit orders ty
[11:08] {GeoArb} nice
[11:08] {peterg} ty
[11:08] {Threei} :)
[11:09] {_xzap} c'mon Dow 7500
[11:09] {GeoArb} hmmm the routing strategies dont have video manauals
[11:11] {_xzap} # 1 sector Construction & ag machinery, MTW, BUCY, DE, JOYG, AG
[11:14] {_xzap} bid 31 BUCY
[11:14] {_xzap} in @ 31
[11:15] {GeoArb} nice xzap
[11:15] {_xzap} thx Geo
[11:16] {_xzap} offered at .50
[11:18] {Threei} MS
[11:18] {Threei} TICKS UP FROM LOWS ON CHATTER THAT MISUBISHI COULD CONSIDER BUYING MS ENTIRETY FOR ROUGHLY $20
[11:18] {Threei} - Note overnight the WSJ noted that MS and Mitsubishi were discussing various initiatives
[11:18] {Threei} - Reminder the two are in an agreement to acquire a 20% stake in company valued at $9B for shares at $25.25
[11:20] {_xzap} offered @ .39
[11:22] {_xzap} offered @ .26
[11:23] {Threei} MS holding well under .50 resistance
[11:24] {Threei} if market turns up again, likely to break and jump
[11:24] {Threei} small shares pnly, very volatilie
[11:25] {GeoArb} sheesh
[11:26] {Threei} if you went for it keep stop undere .25 and aim for closer to 15 target
[11:26] {Threei} nope, no power
[11:27] {GeoArb} vad whats your ip for charts? I am having trouble loading
[11:28] {Threei} ip?
[11:28] {GeoArb} anyway to server ip
[11:28] {GeoArb} anyway to change it without exiting?
[11:28] {Threei} yes
[11:28] {GeoArb} ?
[11:28] {Threei} Quote - Login server setup
[11:28] {Threei} but I keep standrd
[11:29] {Threei} try to change server for charts
[11:29] {GeoArb} .155?
[11:29] {Threei} quote - switch chartserver
[11:29] {GeoArb} ahh works
[11:29] {GeoArb} went from 2 to 1
[11:33] {_xzap} bid 31.07 to break even
[11:33] {GeoArb} i dont see any document/video on gndt which discusses the routing strategies? vad dptl?
[11:33] {Threei} asking me?
[11:34] {GeoArb} if it exists
[11:34] {Threei} I just said I haven't gotten to it :)
[11:34] {GeoArb} lol
[11:34] {GeoArb} maybe you know where to find it but havent read it
[11:34] {GeoArb} i googled and found a few on another platform doc http://sterlingfinancialsystems.com/documents/Articles/NASDAQ_Single_Book_Route_Announcement.php
[11:35] {Threei} market looks like preparing for upward thrust
[11:35] {Threei} ADBE worth a try on .30 break
[11:35] {Threei} half lot
[11:35] {Threei} don't want to overcommit at this time of the day
[11:36] {Threei} fairly nervous trading today
[11:36] {Threei} .15 closest support
[11:37] {patience} mother phoned asking what next to sell....public is participating in selling
[11:37] {GeoArb} [07:58] {dptl} hits everything....starting with inet book first
[11:38] {GeoArb} dptl I am not sure thats true
[11:38] {Chaeron} patience... then we've bottomed
[11:38] {_xzap} out BUCY 31.07
[11:38] {GeoArb} as i switched and am getting partial fills
[11:38] {GeoArb} and in the link it syas INET is
[11:38] {GeoArb} Send directly to NASDAQ – no routing
[11:39] {GeoArb} I switched back to STGY
[11:39] {Threei} [10:58] {dptl} i use inet stgy
[11:39] {GeoArb} oops
[11:40] {Threei} Geo... are we having failure to communicate? :)
[11:40] {dptl} lol
[11:40] {GeoArb} i read i use inet
[11:40] {GeoArb} thats a strategy too
[11:40] {GeoArb} apologies... i am back to where i was
[11:40] {Threei} US GOVT REPORTEDLY EVALUATING INJECTION OF CAPITAL IN US BANKS FOR SHARES, EITHER COMMON OR PREFERRED - UNCONFIRMED REPORT
[11:40] {Threei} - this latest report is very similar to the report from the WSJ eariler today
[11:41] {GeoArb} oout .51 in .3
[11:41] {GeoArb} yeah lot of talk about bank partial nationalization like gordon brown did
[11:42] {dptl} what is it with island?i missed the story on the news
[11:43] {Threei} ?
[11:43] {Threei} which island?
[11:43] {GeoArb} ?
[11:43] {Threei} mine is in place as far as I know
[11:43] {Threei} slowly moving toward Japan
[11:43] {GeoArb} sheesh
[11:43] {dptl} iceland
[11:43] {Threei} ah
[11:43] {dptl} lol
[11:43] {Threei} bankrupt
[11:43] {GeoArb} gave too much interest?
[11:44] {dptl} the whole country?
[11:44] {Threei} well, no offivial default announced if I am not mistaken
[11:44] {GeoArb} Iceland has refused to refund the deposits of international clients in its stricken banks.
[11:44] {dptl} ok...ty
[11:45] {Threei} great, now MS does it
[11:46] {Threei} shaky shaky
[11:46] {_xzap} RIMM consolidating 61 -61.15
[11:46] {_xzap} RIMM breakout
[11:46] {_xzap} res @ 61.70
[11:47] {Chaeron} we closed Monday?
[11:47] {GeoArb} ?
[11:47] {Threei} no
[11:47] {Chaeron} shoot... sorry... but thanks
[11:48] {GeoArb} wrong window chaer?
[11:48] {magoo} your mkt thrust call seems good vad
[11:48] {Threei} seems?
[11:48] {Threei} seems??
06[11:48] * Threei slaps magoo around a bit with a large trout
[11:48] {GeoArb} lol
[11:49] {magoo} lol
[11:51] {_xzap} Vad } do you like RIMM on this pullback ?
[11:52] {Threei} yes
[11:52] {Threei} market will jump back up
[11:52] {Threei} there you go
[11:52] {Threei} didn't take long eh
[11:52] {magoo} vad da man
[11:52] {Threei} just be quick on both sides
[11:52] {magoo} u up today vad?
[11:53] {Threei} don't know why but trading today is very nervous
[11:53] {Threei} much more so that yesterday
[11:53] {magoo} agree
[11:53] {_xzap} agree
[11:53] {magoo} people been kicked so hard and so many times....flinching
[11:53] {_xzap} TICK can't get above 350
[11:54] {patience} waiting for direction to emerge
[11:54] {magoo} conditioned to sell all spikes vad
[11:54] {GeoArb} really xzap? i see a bunch over 500
[11:54] {magoo} and that 3:30 sell down yesterday no help
[11:54] {_xzap} you see the TICK over 500 ?
[11:54] {GeoArb} not right now
[11:55] {GeoArb} -698
[11:55] {Threei} that is one reason mags,
[11:55] {Threei} another is
[11:55] {magoo} if we had finished strong
[11:55] {magoo} today would have rocked
[11:55] {Threei} I see this situation as accumulation by smart money starting
[11:55] {_xzap} Geo, the $USQ/TICK ?
[11:56] {Threei} and on early stages of accumulation smart money is not interested in sending prices skyrocketing
[11:56] {Threei} it's only happy to keep prices down if if it takes some selling
[11:56] {magoo} are we smart $$ he he
[11:56] {magoo} or just smart *sses?
[11:57] {_xzap} RIMM well below dt line
[11:57] {GeoArb} i use TICK-NYSE from InteractiveBrokers
[11:57] {magoo} careful RIMM follows naz
[11:57] {magoo} if naz falls..RIMM falls and vice versus
[11:57] {_xzap} that's all I trade MAg, the NAs
[11:58] {magoo} i trade rimm aapl bidu everyday
[11:58] {GeoArb} no wonder youre quiet magoo :)
[11:58] {_xzap} I haved about 10 I like every day
[11:58] {patience} magoo misses dino
[11:58] {Chaeron} "quiet".... heh :)
[11:58] {magoo} problem is i dont want to hurt anyone
[11:59] {peterg} mags, how can laser show naz?
[11:59] {magoo} u gotta get in and then layout offers at exit levelsl
[11:59] {_xzap} Vad, RIMM @ 60.6 ?
[11:59] {magoo} and only 300 shares..max loss stop 200 bux
[11:59] {magoo} QQQQ chart is what i use
[11:59] {Threei} zap, RIMM is not trading on its own merits
[11:59] {magoo} awesome indicator
[12:00] {Threei} you need to use NQ as leading indicator for it
[12:00] {magoo} set up minute QQQQ and always have it up
[12:00] {Threei} or Qs
[12:00] {peterg} a chart?
[12:00] {magoo} it tends to slightly lead so yoiu see it rolling over...aapl rimm bidu start rolling over
[12:00] {Threei} OPEC: SEEK TO KEEP OIL MARKET STABLE
[12:00] {Threei} - formally announces it will hold an extraordinary meeting on Nov 18 in Vienna{
[12:00] {GeoArb} you using one min magoo?
[12:01] {magoo} yes to chart and minute
[12:02] {peterg} tick chart--how load w syhmbol
[12:02] {magoo} i can NOT trade at all without QQQQ chart up..its set as a permanant
[12:02] {GeoArb} yeah here too
[12:02] {peterg} nuts and bolts
[12:02] {peterg} OK chart up, how enter symbol?
[12:03] {Threei} just type
[12:03] {Threei} click on a chart and type
[12:03] {peterg} got it thanks
[12:03] {magoo} vad..show him how to make it independent..as in always up..not linked to lev 2
[12:04] {Threei} umm... just don't link it? :)
[12:04] {magoo} find a space on screen and always watch it
[12:04] {peterg} righty right right
[12:04] {magoo} i forgot how lol
[12:04] {_xzap} lunch time, no trades for me right now
[12:05] {magoo} now, your other charts need to be minute too ok?
[12:05] {magoo} thern click aapl rimm and look at corelations
[12:06] {peterg} how set speed?
[12:06] {magoo} btw VAD taught me this trick years ago
[12:06] {peterg} i.e., minute
[12:06] {peterg} mine are all streaming, I think
[12:06] {magoo} wheres spread?
[12:07] {peterg} ?
[12:07] {magoo} i looking at chart setup
[12:07] {magoo} are u laser?
[12:07] {peterg} ys
[12:07] {magoo} dcc
[12:07] {GeoArb} rimm should move up now
[12:08] {GeoArb} ok
[12:08] {GeoArb} you get a few seconds :)
[12:08] {_xzap} I always keep the $COMP.Q, $USQ/TICK, $USQ/TRIN and $VIX charts up
[12:13] {magoo} back
[12:21] {GeoArb} vad found the reference from nasdaq
[12:21] {GeoArb} www.nasdaqtrader.com/content/ProductsServices/Trading/Workstation/rash_strategy.pdf
[12:22] {Threei} letters... words... things to read... :(
[12:22] {GeoArb} heheh page 2 only
[12:23] {GeoArb} looks like what dptl has choses is the best anyway
[12:28] {dptl} that was Dave choses for me i just tald him what i need and thats what he sugest it
[12:28] {dptl} works well
[12:32] {Threei} weirdest chart of the day:
[12:32] {Threei} PRU
[12:33] {hawkfan4} hard to beat that chart
[12:33] {GeoArb} lots of red in my scanners.. not manny greens coming up
[12:33] {hawkfan4} you know dino would've been waiting at 25.55
[12:34] {magoo} actually.355 and misses entry and bitches at me about it
[12:35] {hawkfan4} lol :) the real inside story
[12:35] {Threei} lol
[12:36] {magoo} mkts seem calm or quiet here vad
[12:37] {magoo} calm before the storm
[12:37] {Threei} yes
[12:39] {GeoArb} vad i see that you can run trade ideas from laser
[12:39] {GeoArb} does it connect to laser then?
[12:39] {Threei} connect how?
[12:39] {GeoArb} click and pupulate in LII
[12:39] {GeoArb} i know how to do it externally
[12:40] {Threei} it's the same external link
[12:40] {Threei} how else do tou envision it to work?
[12:40] {GeoArb} wodner why they adding it then.... cant find any docs
[12:40] {Threei} it's just marketing collaboration
[12:40] {GeoArb} ahh
[12:40] {GeoArb} ok
[12:41] {GeoArb} they have been selling themselves cheap all over recently
[12:42] {GeoArb} they have a competitor..... madscan which has a real nifty feature....
[12:42] {GeoArb} it connects to briefing.com api
[12:42] {GeoArb} so with alerts it shows current news automatically
[12:42] {GeoArb} on same row
[12:42] {Threei} I tried it... was very unipmressed
[12:42] {GeoArb} yeah me too
[12:42] {GeoArb} has ways to go in other respect
[12:44] {GeoArb} i just told our guys.... that they should implement that feature...
[12:44] {GeoArb} not willing to change
[12:55] {_xzap} watching to short ZION
[12:55] {magoo} what u stalking lord vader?
[12:55] {Threei} don't see anything defitinive
[12:55] {Threei} everything is jellyoish
[12:57] {magoo} thoughts from here?
[12:57] {Threei} none for now
[12:57] {magoo} your pushing your luk lil man
[12:57] {Threei} lol
[12:58] {magoo} i just took 100 sh bidu long
[12:58] {magoo} 12.46
[12:58] {magoo} stop 211
[12:59] {magoo} risk 1 .5 to get 3
[13:00] {_xzap} in ZION 29.48 short
[13:02] {_xzap} stop 29.7
[13:07] {_xzap} this is like watching grass grow
[13:07] {Threei} why do you think I am in coma
[13:08] {_xzap} top 5 % losers are regional banks
[13:09] {Threei} ok mgas
[13:09] {Threei} my choice is up
[13:10] {Threei} not very much, very fast or very far
[13:10] {Threei} nor for very long
[13:10] {Threei} but up
[13:10] {Threei} your BIDU should tage 214
[13:11] {Threei} maybe 215 if NQ grows a set
[13:11] {magoo} :)
[13:11] {_xzap} stopped out ZION @29.67
[13:11] {Threei} there you go
[13:12] {Threei} 214 on the nose
[13:12] {magoo} still in
[13:12] {Threei} I am out
[13:12] {GeoArb} how many shares mag?
[13:13] {GeoArb} bidu makes my knees weak
[13:13] {Threei} [12:58] {magoo} i just took 100 sh bidu long
[13:13] {Threei} [12:58] {magoo} 12.46
[13:13] {GeoArb} man
[13:13] {magoo} geo..see qqqq chart and aapl rimm bidu charts?
[13:13] {GeoArb} yeah
[13:13] {Threei} I beat you on entry
[13:13] {Threei} now let's see if you beat me on exit
[13:14] {magoo} what entry u get?
[13:14] {Threei} 212.25
[13:14] {Threei} exit 213.91
[13:14] {magoo} afer my call?
[13:14] {Threei} yes, it pulled back into 212
[13:14] {magoo} yup
[13:15] {GeoArb} (little boys club)
[13:15] {GeoArb} mutter mutter
[13:15] {GeoArb} :)
[13:19] {Threei} magoo... what did geo call us?
[13:19] {magoo} out here 214
[13:19] {GeoArb} ummm (little boys TRADING club)
[13:20] {magoo} i wijn
[13:20] {Threei} hmm
[13:20] {Threei} how do you win
[13:21] {Threei} you beat me by 9 cents on exit,
[13:21] {Threei} I beat you by 21 cents on entry
[13:21] {magoo} 214 -212.46
[13:21] {magoo} dammit lol
[13:21] {Threei} by any math know to himanity, I win by 13 cents
[13:21] {Threei} 12... lol
[13:22] {GeoArb} [10:13] {Threei} I beat you on entry
[13:22] {GeoArb} [10:13] {Threei} now let's see if you beat me on exit
[13:22] {Threei} at least in this universe
[13:22] {GeoArb} he said he wins
[13:22] {GeoArb} (on esit)
[13:22] {GeoArb} he didnt say he overall wins
[13:22] {Threei} being literal aren;'t we
[13:22] {GeoArb} lol
[13:23] {magoo} oh..yeah..thats what i meant he he
[13:27] {magoo} brb
[13:28] {Threei} WHITE HOUSE DENIES REPORTS OF G8 MEETING ON TUESDAY
[13:28] {Threei} - Earlier today reports were circulating that President Bush had called for a G8 meeting on Tuesday.
[13:29] {Threei} REPORTEDLY THE TREASURY WILL BEGIN BUYING STAKES IN BANKS "WITHIN WEEKS" - UNCONFIRMED REPORT
[13:29] {Threei} {XLF}
[13:29] {Threei} hmmm
[13:29] {Threei} how does it all props the market?
[13:29] {_xzap} ENER, nice pop
[13:30] {Threei} everything
[13:30] {laserdave1} BIG move up today in market
[13:30] {Threei} not sure what just happened
[13:30] {laserdave1} thats my guess
[13:31] {laserdave1} hey guys
06[13:31] * Threei slaps laserdave1 around a bit with a large trout
[13:31] {_xzap} hi dave
[13:31] {laserdave1} hey
[13:31] {Threei} low liquidity of jewish holiday makes moves exaggerated
[13:32] {Threei} another spike is coming
[13:32] {Threei} (probably)
[13:32] {laserdave1} xzap dcc when u get a ssec
[13:32] {laserdave1} i think we get a squeexe today
[13:32] {Threei} let's
[13:32] {laserdave1} market needs a big up day
[13:32] {Threei} I don't mind
[13:32] {Threei} if we do ADBE should do well
[13:33] {Threei} MS spike
[13:33] {laserdave1} i am now long ADBE
[13:33] {Threei} here comes my spike
[13:34] {laserdave1} qqqq 35$ today
[13:35] {magoo} vad..i just downloaded new laser but need your assistance..log in failed
[13:35] {Threei} click login setup
[13:35] {magoo} i must go to setup correct?
[13:35] {magoo} there
[13:35] {Threei} yes
[13:36] {Threei} executore
[13:36] {Threei} window with server #
[13:36] {Threei} enter 15905
[13:36] {GeoArb} :)
[13:36] {laserdave1} when u download a new version always make sure to change that port
[13:36] {Threei} NQ spike off this pullback
[13:37] {laserdave1} to 15905
[13:37] {laserdave1} magoo
[13:37] {laserdave1} dcc
[13:38] {magoo} it worked ty vad..dave
[13:42] {magoo} any news CME vad??
[13:43] {magoo} if mkt rocked could go 40 pointsRISKI
[13:43] {Threei} no
[13:44] {magoo} big IF tho..could tank to 350 area
[13:46] {_xzap} Apple Expected To Unveil Less Costly MacBooks
[13:47] {Threei} FED'S STERN: CREDIT CARD DEBT SECURITIZATION BY THE MARKET HAS PERFORMED WELL, REGULATION NECESSARY BUT MAY NOT BE 'SUFFICIENT'
[13:47] {Threei} huh?
[13:47] {Threei} it performed so well that regulation is necessary and may not even help?
[13:47] {Threei} what do I miss? :)
[13:49] {_xzap} I can't trade this crazy mess
[13:50] {Threei} come on... look at magoo and trade BIDU with him
[13:50] {Threei} but don't be a wuss he is
[13:50] {Threei} take couple thousand shares
[13:50] {GeoArb} emm vad?
[13:50] {_xzap} uh hu
06[13:50] * Threei is hiding under the rock
[13:50] {magoo} that does itttttttttt....................
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {Threei} but I am under the rock
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {magoo} now?
[13:51] {Threei} but I am under the rock
[13:51] {GeoArb} CRUSH THE ROCK
06[13:51] * magoo slaps Threei around a bit with a large trout
[13:51] {magoo} now
[13:51] {Threei} sigh
[13:51] {magoo} yuor like wack a mole
[13:51] {_xzap} let's watch AAPL for a bounce
[13:51] {Threei} PERUVIAN STOCK MARKET HAS REPORTEDLY BEEN HALTED DUE TO FALL OF MORE THAN 6.5%
[13:51] {Threei} what's with whole world being hatled twice a day
[13:52] {_xzap} slower collapse
[13:52] {_xzap} I say pull the circuit breakers. let it drop and get it over with
[13:52] {magoo} if IF the mkt turns up HARD{risky disclaimer here} 100 sh bidu goog cme could mak big points...i hate CME tho
[13:52] {Threei} AAPL, I'll get interested closer to 91
[13:53] {Threei} possibly under
[13:53] {_xzap} I'm looking at 90.6
[13:53] {magoo} it all depends if we ever get that psycho launch up everyone wants..1000 points
[13:54] {_xzap} not me Mag, I wanna see 1000 down
[13:54] {magoo} sadist he he
[13:55] {_xzap} missed AAPL Vad
[13:55] {magoo} l goog here
[13:55] {magoo} 338.25
[13:56] {Threei} these sudden apikes come out of nowhere
[13:56] {_xzap} I've always found it hard to trade when the mkts are out of synch like today
[13:56] {Threei} no way to foresee them
[13:57] {_xzap} Dow & S&P down, NAS up
[13:57] {_xzap} these spikes are MM's taking people's $$
[13:58] {Threei} hmmm
[13:58] {Threei} that's questionable
[13:58] {_xzap} look at AAPL
[13:58] {_xzap} 1 point run and now pullback
[13:58] {Threei} this would assume that MMs can simply assign prices
[13:58] {Threei} they can't
[13:59] {Threei} price change requires actual trades
[13:59] {_xzap} but they can sit on mkt orders . korect?
[13:59] {Threei} if you imply that all MMs somehow agreed to hit offers at the same time...
[13:59] {Threei} so what?
[13:59] {Threei} how does it explain such spikes?
[14:00] {Threei} don't buy into these conspiracy theories
[14:00] {Threei} how many MMs are there?
[14:00] {_xzap} i dunno
[14:00] {Threei} not 3 and not 10
[14:00] {Chaeron} (let's see... there's red, green, blue... :) sorry
[14:00] {_xzap} LMFAO !
[14:00] {magoo} 2 points goog
[14:01] {magoo} i have 200 sh
[14:01] {_xzap} wtg Mag
[14:01] {Chaeron} gr8 mags
[14:01] {patience} very nice magoo :)
[14:01] {GeoArb} nice
[14:01] {magoo} its what i do
[14:01] {Threei} you think it's really possible they all quickly phoned each other and agreed to do something coordinated at the same time?
[14:01] {GeoArb} heheh vad
[14:01] {Chaeron} they don't even like each other
[14:01] {Threei} it's a dog eat dog
[14:01] {GeoArb} yeah !!!
[14:02] {GeoArb} ask chaer he was one of em
[14:02] {Threei} 2 of them may conspire
[14:02] {Chaeron} Vad showed me the light
[14:02] {Threei} for some particular case
[14:02] {Threei} 20? 200?
[14:02] {Threei} come on :)
[14:02] {_xzap} ok, is it smart money easing in?
[14:02] {Threei} if that possible then goverment organized 9/11
[14:02] {Chaeron} and if 2 conspire, one of them is going to try to screw the other on the deal they agreed on
[14:02] {magoo} out 340.03
[14:03] {_xzap} oh hell no !
[14:03] {Threei} and US never go to the moon,
[14:03] {_xzap} no no no
[14:03] {Threei} it's all Hollywood production
[14:03] {Threei} exactly chaeron :)
[14:03] {_xzap} I don't subscribe to conspiracies
[14:03] {Chaeron} cartels same way
[14:03] {Threei} MMs do make money on oredinary people most of the time, sure
[14:04] {magoo} i do..dino messed up my dsl on tues right vad
[14:04] {Threei} but not because they possess these p;owers to manipulate prices or can conspire to do so
[14:04] {_xzap} BUCY looks good at 32.2
[14:04] {Threei} lol mags
[14:05] {magoo} the prob we are having is everyone BUT everyone wants and EXPECTS a huge rally
[14:05] {magoo} mkt can not allow this to happen..needs few on board
[14:06] {magoo} scary thought is we need to crash again FIRST
[14:06] {magoo} god forbid
[14:06] {magoo} lions and tigers and BEARS OH MY
[14:06] {_xzap} now BUCY is rolling over
[14:07] {_xzap} we have to have a BIG sell off Mag
[14:07] {magoo} scary thought xzazp
[14:07] {_xzap} to shake the few apples left off the tree
[14:07] {magoo} hey..u joining the room bro?
[14:07] {magoo} your pretty good
[14:08] {_xzap} I might but I might wait til there's more vol
[14:08] {magoo} come on..u dont think vads made you the $250 month fee in one day?
[14:08] {GeoArb} is it 250?
[14:08] {_xzap} some days I think I know what I'm doing but wanted someone like Vad to confirm
[14:08] {GeoArb} darn
[14:09] {magoo} well..for me he surcharges 350
[14:09] {GeoArb} whats it now vad?
[14:09] {magoo} on probation from nesi days
[14:09] {_xzap} I thought there was a 1 year free trial
[14:09] {GeoArb} nesi?
[14:09] {magoo} never mind
[14:10] {magoo} i been here awhile
[14:10] {GeoArb} :)
[14:10] {_xzap} BUCY trying again
[14:10] {hawkfan4} lol mags
[14:12] {_xzap} Vad, you like BUCY at 32.2 ?
[14:12] {Threei} only if market resumes upward
[14:12] {_xzap} that could happen any second
[14:13] {Threei} watch how it's holding while market's downticking
[14:13] {_xzap} financials losing sup
[14:14] {Threei} not bad overall
[14:14] {Threei} a bit too volatile but it's stronger than market
[14:14] {Threei} I wouldn't wait for .21
[14:14] {Threei} I'd try to get it aggressively as soon as market turns
[14:14] {Threei} and go for a scalp
[14:15] {Threei} there you go
[14:15] {Threei} .95 in
[14:15] {Threei} offer for a scalp
[14:16] {Threei} much more reliable than breaks in this environment
[14:16] {_xzap} I just used to trading breaks
[14:16] {_xzap} never tried scalping
[14:16] {Threei} different methods for different markets
[14:17] {Threei} pure breaks rarely work in jerky markets
[14:17] {Threei} out .11 and .12
[14:17] {_xzap} but man when this mkt turns, the breaks will be long runs
[14:17] {Threei} yeah but we trade today
[14:17] {Threei} and today this kind of entries works better
[14:17] {Threei} roll with punches
[14:18] {_xzap} understood
[14:18] {_xzap} short JRCC ?
[14:19] {Threei} it's not at the breakdown point
[14:19] {Threei} it would be a chasing here
[14:19] {Threei} let it bounce or consolidate
[14:20] {_xzap} it's been consolidating for quite a while
[14:20] {magoo} my god..shorts are back..cme now avail short..and its crushed
[14:20] {magoo} u think correlation vad
[14:20] {Threei} yes but it was consolidating higher
[14:20] {Threei} not here
[14:20] {Threei} here it's already on the run
[14:20] {Threei} most harmful thing you can do in jerky market is chase
[14:21] {Threei} because of sharp snpabacksa
[14:26] {_xzap} Do you read candles as part of your decision Vad ?
[14:26] {magoo} aapl vad?
[14:26] {Threei} as in japanese candlesticks?
[14:26] {_xzap} yeah, can dlesticks
[14:27] {Threei} nope
[14:27] {magoo} l biduy here .69
[14:27] {magoo} RISKYYYYYYYYYYYYYYY
[14:31] {_xzap} UMPQ at day's low with selling pressure
[14:32] {_xzap} scratch that, no vol
[14:32] {magoo} taking too long
[14:32] {magoo} notr working
[14:32] {Threei} be back in 20 guys
[14:33] {_xzap} in @ 212.69 Mag ?
[14:34] {magoo} out
[14:35] {magoo} yes
[14:35] {magoo} out
[14:35] {_xzap} did it hurt ?
[14:35] {magoo} 'no 100 sh
[14:38] {_xzap} Mag, dcc
[14:44] {laserdave1} mag dcc
[14:45] {_xzap} U.S. technology companies collectively have as much as $250 billion in cash, providing most companies in the sector with a cushion to weather the current liquidity crisis, according to a new report from Fitch Ratings.
[14:48] {GeoArb} ES approaching LOD
[14:48] {magoo} down 200 again..sigh
[14:51] {Threei} back
06[14:51] * Threei passing a tissue to magoo
[14:51] {magoo} u were gone??he he
[14:51] {GeoArb} i gotta figure out the fancy messages
[14:51] {GeoArb} how do you do thaT?
[14:52] {Threei} lol
[14:52] {Threei} use /me command
06[14:52] * GeoArb is awed
[14:52] {Threei} thwre
[14:53] {Threei} ok guys, this is something to laugh hysterically
[14:53] {_xzap} Vad, short UMPQ ?
[14:54] {Threei} too thin
[14:54] {GeoArb} new issue?
[14:54] {Threei} nochart is right, but stock is very thin, imposible to read
[14:54] {Threei} gues what Paulson told in the spring of 2007 to audience at Shanghai exchange
[14:55] {Threei} open markets can allocate resources far better that givermental interventions
[14:55] {Threei} lookie what paulson does just one year later
[14:55] {hawkfan4} lol, why am i not surprised by that?
[14:56] {_xzap} short CQOM below .50?
[14:56] {magoo} scary to short here imo
[14:57] {Threei} CQOM?
[14:57] {magoo} last hour ramp or same as yesterday vad?
[14:58] {Threei} doubt it
[14:58] {Threei} no players
[14:58] {magoo} this constant crash down is getting tiresome
[14:58] {magoo} low volume?
[14:58] {Threei} today doesn't count
[14:58] {Threei} look at the volume
[14:58] {Threei} holiday
[15:00] {_xzap} Vad, the next call you make can you tell me why and whay you're looking at ?
[15:00] {_xzap} I'm trying very hard to learn your technique
[15:00] {Threei} zap... there are books and courses without which you won't
[15:01] {Threei} you are trying to reverse-endenier it
[15:01] {Threei} enginier
[15:01] {Threei} grrr... spell it someone for me, lol
[15:01] {_xzap} ok, tell me why not to short QCOM
[15:01] {Threei} why not learn theory first, then try to apply it in lpractice
[15:01] {Threei} who said not to shor tit?
[15:02] {magoo} emementeneer vad
[15:02] {Threei} 40.50 was clean short trigger
[15:02] {hawkfan4} it thought it was reigndeer
[15:02] {magoo} i did
[15:02] {Threei} sigh
[15:02] {magoo} worry about snap back violenrt ramp here
[15:03] {Threei} sheesh... I see now... you aksed about CQOM
[15:03] {Threei} I checked out, no such symbol
[15:03] {Threei} I asked
[15:03] {Threei} you never corrected
[15:03] {_xzap} oh
[15:03] {Threei} so I look at QCOM just now
[15:03] {Chaeron} lol
[15:03] {Threei} [14:56] {_xzap} short CQOM below .50?
[15:03] {Threei} [14:57] {Threei} CQOM?
[15:03] {_xzap} can I say dammit in here
[15:04] {magoo} sorry xzap
[15:04] {_xzap} not your fault Mag
[15:04] {magoo} everythings falling
[15:04] {magoo} aapl rimm bidu
[15:04] {magoo} goog
[15:04] {_xzap} I jsut thought I saw the sell off coming
[15:04] {magoo} good read
[15:05] {_xzap} I've been watching the TRIN creep up
[15:05] {_xzap} that is one tell you can count on
[15:05] {_xzap} my scanners help a lot too
[15:07] {_xzap} we should close today with the Dow in the 8's
[15:11] {Threei} watch QCOM for bounce off 40
[15:11] {Threei} first strength from here with NQ greening
[15:12] {Threei} stop under 39.90
[15:12] {magoo} jesus down 309
[15:12] {magoo} dow 8900
[15:13] {_xzap} in 39.78
[15:14] {Chaeron} do we put on our DOW 8000 hats now or.......?
[15:14] {Threei} I lost mine
[15:14] {Threei} it's been a while
[15:14] {Chaeron} I have my DOW 12000 hat for sale on ebay... no bids
[15:15] {hawkfan4} lol
[15:15] {GeoArb} who was the guy who wrote the book dow 36000
[15:15] {_xzap} out 39.97
[15:15] {Threei} half out at least zap
[15:15] {Threei} good exit
[15:16] {_xzap} thx vad
[15:16] {GeoArb} ahh yeas kevin hassett... currently a senior economic advisr to mccan
[15:16] {_xzap} IN this mkt those whole numbers will get ya
[15:18] {_xzap} remember all the "experts" calling for the Dow 15000 by year's end?
[15:19] {GeoArb} no kidding.... we might actually need the 8000 hat
[15:19] {Threei} S&P PLACES GMAC AND GM ON NEGATIVE WATCH
[15:19] {Threei} oh good
[15:19] {GeoArb} whats that?
[15:19] {_xzap} you know my number, Dow 7500
[15:19] {Threei} here goes autoindustry
[15:20] {Threei} wait... it's already gone
[15:20] {Onix} yes F @ 2.30
[15:20] {Onix} nearly off the map
[15:21] {GeoArb} man
[15:21] {_xzap} I think we'll close today around 8740
[15:23] {Threei} Long Setup: ADBE .40 if stays above .25
[15:24] {_xzap} in 29.37
[15:24] {magoo} in'
[15:24] {_xzap} offered at .50
[15:24] {_xzap} out
[15:25] {_xzap} thank you Mr. Vad
[15:25] {Threei} sure
[15:25] {peterg} made .09 with limit on entry tks
[15:25] {Threei} stinkin' scalpers... that's because of you market can't go up
[15:25] {GeoArb} nice peteg
[15:25] {Threei} you and shorters
[15:25] {peterg} tks geo
06[15:25] * GeoArb is embarrassed
[15:26] {peterg} great color!
[15:26] {GeoArb} 3i is throwing out accusations
[15:27] {_xzap} what brought that to your attention Vad?
[15:27] {Threei} that's because I like assigning blame
[15:27] {Onix} ty Vad, made 10c on ADBE :)
[15:27] {Threei} for global warming... for low production of ivory buttons in Argentina... for steroids untimely death in upper layers of atmosphere
[15:27] {_xzap} watch AA to drop
[15:27] {Threei} welcome onix
[15:28] {Threei} zap... this is one of stocks I wantch constantly these days
[15:28] {_xzap} k
[15:29] {magoo} they will not buy close on friday to hold over weekend
[15:29] {magoo} so rally postponed
[15:29] {_xzap} AA short Vad ?
[15:30] {Threei} come on
[15:30] {Threei} 50 cents verticasl drop
[15:30] {Threei} you want to short ast the low of such parabolic move
[15:30] {Threei} ?
[15:33] {Threei} oil barely above 86?
[15:33] {hawkfan4} 84.92
[15:34] {Threei} wow, really?
[15:34] {hawkfan4} yep, now 85.04
[15:34] {Chaeron} yea for the speculators!!!!
[15:34] {Threei} lol
[15:34] {GeoArb} heheh chaeron
[15:35] {Threei} gold is down too I see
[15:35] {Chaeron} well, they're the ones responsible for shorting it down to here, no???
[15:35] {Threei} or my quotes lie?
[15:35] {GeoArb} i thought you were on eof em
[15:35] {Chaeron} it's all a lie
[15:35] {Threei} now .30 breakdown is a short on AA
[15:36] {Threei} after some consolidation
[15:36] {GeoArb} fast
[15:36] {_xzap} so you would not have shorted at 13.8 ?
[15:36] {Threei} 13.80?
[15:36] {Threei} it was .50 when you asked
[15:36] {Threei} .80 I would, it was breakdown
[15:37] {_xzap} [15:27] {_xzap} watch AA to drop
[15:37] {Threei} [15:29] {_xzap} AA short Vad ?
[15:37] {Threei} [15:30] {Threei} come on
[15:37] {Threei} this is what I replied to
[15:38] {_xzap} I was throwing a watch out there
[15:38] {Threei} OK, then to avoid misunderstanding, insert a price in your question
[15:38] {Threei} you ask it, I look
[15:38] {Threei} see sharp drop
[15:38] {_xzap} understood
[15:39] {patience} oil might be in the 70's by the time dino gets back on monday
[15:39] {Threei} I suppose he won't be crying
[15:40] {_xzap} not far from 8740
[15:40] {Threei} hmmm... BRK.A is down $28,000/share
[15:41] {hawkfan4} buy for a bounce scalp?
[15:41] {_xzap} prob. why the Buffet effect didn't work on GE
[15:41] {Threei} try to bid inbetween the spread
[15:41] {Chaeron} yeah... I'm short small lot... 1000s :) (wishing)
[15:41] {dptl} :)
[15:42] {Threei} ADBE sharp drop, bounce canddiate
[15:42] {_xzap} Hey Vad, do we short AA under 13
[15:42] {Threei} I don't
[15:42] {Threei} it fell much less than market did
[15:42] {Threei} relative strength
[15:42] {Threei} it's more likely to bounce than continue down
[15:43] {Threei} grabbed quick 18 cents scalp ADBE
[15:45] {Threei} -568
[15:45] {Onix} wtg
[15:45] {Threei} it's a bit too much
[15:45] {Threei} your normal garden variety day is -350
[15:45] {hawkfan4} Alan Farley
[15:45] {hawkfan4} VIX over 60 (oh my!)
[15:45] {hawkfan4} 10/9/2008 3:40 PM EDT
[15:45] {hawkfan4} This is the part where frogs fall from the sky and the rivers turn to blood....
[15:45] {hawkfan4} Position: flat
[15:46] {Threei} lol Alan
[15:46] {Threei} selling accelerating
[15:47] {Threei} too bad it's just 15 min till eod
[15:47] {_xzap} this is a good thing
[15:47] {Threei} if we had couple hours to go, that would be verry interesting moment to play
[15:47] {GeoArb} man
[15:47] {GeoArb} my poor 401s
[15:47] {GeoArb} :)
[15:48] {magoo} how can days play out same
[15:48] {magoo} sell off yesterday'
[15:48] {magoo} are we idiots?
[15:48] {magoo} short big $$
[15:48] {GeoArb} damned shorts
[15:48] {patience} what we know for sure is governments are prepared to keep pouring money in...
[15:48] {Threei} [15:48] {magoo} are we idiots?
[15:49] {Threei} ummm
[15:49] {Chaeron} }{
[15:49] {dptl} oops..:)
06[15:49] * GeoArb is not touching that
[15:49] {_xzap} VAd, do we short AA now ? LOL
[15:49] {Threei} as tempting as it is to say of course...
[15:49] {Threei} we are positive 3 days out of 4 this week
[15:50] {Threei} find me many mrket participants who can say it this week
[15:50] {Onix} how about that RGLD hey!?
[15:51] {Threei} instead of grinning, you coluld be pocketing 30 cents bounce on AA right now, zap :)
[15:51] {_xzap} I'm just messin' w/ya Vad, I knew I should have taken that trade
[15:51] {Threei} I mean 40 cents
[15:51] {Threei} I mean 50
[15:51] {_xzap} I won't trade this close to the close
[15:51] {Threei} etc... you got the drift
[15:52] {Threei} now you can try and short it
[15:52] {Threei} small
[15:52] {GeoArb} looked like a dino trade
[15:52] {_xzap} done for the day
[15:52] {Threei} okay then
[15:52] {GeoArb} sheesh
[15:53] {GeoArb} some guy said they have a new name for company plans
[15:53] {Threei} -627 DJI
[15:53] {GeoArb} 201K
[15:53] {Threei} lol
[15:53] {dptl} red october :)
[15:53] {_xzap} I don't know why it didn't come across the wire, but there was negative news on AA when I said watch it to fall
[15:53] {Threei} lol dp
[15:54] {dptl} :)
[15:54] {Threei} GM under 5
[15:54] {Threei} this is national shame
[15:54] {GeoArb} why?
[15:55] {_xzap} THis was published just now: Standard & Poor's lowered its outlook on Alcoa Inc. (AA) to negative, but affirmed all ratings for the largest U.S. aluminum producer.
[15:55] {_xzap} Alcoa shares were down 12.6% to $12.85 in recent trading.
[15:55] {Chaeron} you're a Canadian... what do you care? :)
[15:55] {Threei} it's GM for pete's sake
[15:55] {GeoArb} lol chaeron
[15:55] {_xzap} GM will be taken over by the Chinese
[15:55] {Threei} I drive Nissan... sop not much
[15:55] {Threei} but sheesh
[15:55] {magoo} who reports tonight ?
[15:55] {GeoArb} they will go bankrupt
[15:56] {GeoArb} renegotiate the contracts
[15:56] {Threei} they aren't too big to fall?
[15:56] {patience} vad, have a look at abx.to chart...i managed to hold it without cracking today....
[15:56] {GeoArb} and come back strong
[15:56] {Threei} wow patience
[15:56] {patience} big amount of options
[15:56] {patience} i hate it when my knees start knocking
[15:56] {GeoArb} how do we get to see the chart
[15:57] {patience} look at abx on the american side i guess...won't be exactly the same
[15:57] {_xzap} http://stockcharts.com/h-sc/ui?s=ABX.TO&p=D&yr=1&mn=0&dy=0&id=p68140005261
[15:57] {Threei} mags... no one significant
[15:57] {Threei} unless HRLY is
[15:58] {GeoArb} thansk
[15:58] {Threei} did we just bounce 40 p;oints on NQ?
[15:59] {hawkfan4} just about
[15:59] {Threei} unbelievable volatility
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {_xzap} u 2 dp
[15:59] {GeoArb} very intresting day
[15:59] {patience} yup
[15:59] {GeoArb} coming back down in last min
[16:00] {Threei} OK guys... we have one more day to be amused tomorrow
[16:00] {Threei} thank you all
[16:00] {_xzap} I know some don't agree with me, but I think today's sell off was a good thing
[16:00] {Threei} why, we agree
[16:00] {Onix} thanks & bye
[16:00] {_xzap} oh, OK Vad
[16:00] {Threei} flush is good for removing overhead on the way up
[16:00] {_xzap} c ya Onix
[16:01] {Threei} have a good evening, see you all tomorrow
[16:01] {_xzap} see ya Vad
[16:01] {_xzap} lte guys & girls