Nov 12 2008

A few nice trades, a few stops. Profitable but most importantly, safe. I'll quote what I feel about this market:

[13:31] {Threei} for a few days now market has this frozen look... drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened. He bravely walked on a brink of chasm while drunk, then sobered up and saw where he was. When he sobers up and sees where he is and gets scared,
he is being torn between two conflicting impulses: one is to back away from the abyss, another is to close his eyes and step right in.

Abyss acts like magnet now... market can resist its pull no more than rabbit can resist snake.

Session Time: Wed Nov 12 00:00:00 2008

[08:47] {magoo} morning...no replay here
[08:47] {Threei} morning
[08:47] {Threei} nothing to rplay... we are in coma
[08:47] {lisa_jay} Hi Vad, Magoo
[08:48] {Threei} lisa :)
[08:53] {magoo} vad, any news FSLR or solars in general?
[08:53] {Geo} gm all
[08:54] {lisa_jay} Hi Geo.
[08:54] {Threei} Geo :)
[08:54] {Threei} JASO reported mags
[08:54] {lisa_jay} Is your computer back up?
[08:54] {Geo} yes :)
[08:54] {Threei} 11/12/08 06:30am
[08:54] {Threei} [JASO] JA Solar Holdings Reports Q3 $0.26 v $0.28e (ex items), R $312.3M v $307.4Me
[08:54] {Threei} - Guides Q4 EPS "about break even" v $0.30e; Rev $191.5-220.9M v 379.7Me
[08:54] {Threei} - Guides Q4 Gross Margin 5-7%
[08:54] {Threei} - Guides FY09 EPS $1.00 v $1.27e; Rev $1.5-1.7B v $1.77Be ($2.0B-$2.2B prior guidance)
[08:54] {Threei} - Guides FY09 Gross Margin at least 16%
[08:54] {Threei} - Guides FY09 annual output expected at 800MW
[08:54] {Threei} - Guides FY09 production capacity to exceed 1GW
[08:54] {Threei} - Q3 Megawatts produced 44.66MW v 102.9MW y/y
[08:54] {Threei} - Q3 Megawatss shipped 43.8MW v 99.1MW y/y
[08:54] {Threei} - Q3 Gross Margin 21.6% v 23.3% y/y
[08:55] {Threei} Russian markets are closed
[08:56] {Threei} I guess they spent more time being closed than open last couple months
[09:10] {Onix} Good morning al
[09:10] {Threei} Onix :)
[09:17] {_maga} morning all
[09:17] {Threei} maga :)
[09:17] {hawkfan4} good morning
[09:18] {Threei} hawk :)
[09:18] {hawkfan4} another morning of rainbows and sunshine in the market i see
[09:19] {Threei} total love-in
[09:19] {muddleheaded} Hi everybody.
[09:20] {Threei} hi muddle
[09:20] {dptl} good morning all
[09:20] {Threei} we need to come up with some version of shortened nick for ya... :)
[09:20] {Threei} dp :)
[09:20] {Threei} see, we shorten even 4-letter nicks
[09:20] {dptl} :)
[09:21] {muddleheaded} mudd is ok :)
[09:21] {Threei} thank you :)
[09:25] {dino} gm all
[09:25] {Threei} dino :)
[09:26] {dino} as in puddle of?
[09:28] {muddleheaded} mudd is short for muddleheaded, too much typing :)
[09:28] {Threei} intend to skip first minutes of trading
[09:28] {Threei} let's see how scared the market is
[09:32] {Onix} very scared it seems
[09:32] {Threei} so far, surely looks this way
[09:32] {lisa_jay} cnqr
[09:33] {lisa_jay} sorry, wrong screen.
[09:33] {dino} hate to say, next supprt8143 1/27
[09:33] {dino} 8,143 dji 10/27, typo
[09:34] {Threei} watching AMZN for short
[09:35] {Threei} close to 44 if gets there
[09:35] {Threei} keep small shares
[09:35] {magoo} watching amzn for long..exit near 44 lol
[09:35] {Threei} if you wanted long, 43.10 break was it
[09:36] {Threei} first weakness from here
[09:37] {Threei} in
[09:37] {Threei} .15
[09:37] {Threei} stop .30
[09:37] {magoo} 09
[09:37] {dawg} in
[09:38] {Threei} market drop
[09:38] {Threei} come on AMZN
[09:38] {Threei} with smaller shares didn't want to scalp
[09:38] {magoo} why is it stronger than naz
[09:38] {Threei} rather aiming for a bigger move
[09:39] {Threei} out
[09:39] {Threei} scalps still rule
[09:39] {dptl} stopped amzn
[09:39] {dawg} stopped
[09:39] {magoo} stopped
[09:39] {lisa_jay} did not take, had to reboot.
[09:42] {magoo} it really lagged the naz vad
[09:42] {Threei} still does
[09:43] {Geo} phew back in blac
[09:43] {KSystems} good morning
[09:43] {Geo} it went and bounced off yesterday's low
[09:43] {Geo} i shorted there.....
[09:43] {Threei} ks :)
[09:44] {Threei} Long Setup: DISH .71 if stays above .60
[09:45] {magoo} GS AAPL still falling...mkt tells
[09:46] {magoo} l aapl here .25
[09:46] {magoo} small 300
[09:46] {dawg} in DISH .71
[09:46] {Onix} in DISH .72
[09:47] {magoo} out here .72
[09:48] {Threei} taking too long, DISH, tighten stop to .65
[09:51] {Geo} half out
[09:52] {Threei} half out .85
[09:52] {dawg} half out .84
[09:52] {Threei} scalpers have over 1:1
[09:52] {dino} sm l pru .30, stop .89
[09:53] {Threei} stop to .69 for the balance
[09:55] {dino} pru stop to .19
[09:55] {Threei} Long Setup: APLO small shares .31
[09:55] {dino} tighten to flat
[09:55] {Threei} stop under 70
[09:55] {Threei} APOL
[09:55] {Threei} sorry
[09:56] {Geo} out .20 Ty vad
[09:56] {Geo} 20 cents i mean
[09:57] {Threei} DISH?
[09:57] {Geo} y
[09:57] {Geo} actually .17
[09:57] {Geo} lol
[09:57] {Threei} yeah, I was wondering
[09:58] {Geo} got hit at .86
[09:58] {Threei} thought your math was even worse than my spelling but then decided it wasn't possible
[09:58] {Geo} i thought i had oferred .89
[09:58] {Geo} heheh
[09:58] {Threei} APOL invalidated
[09:58] {lisa_jay} Thanks Vad, got .14 and .13 on DISH.
[09:59] {Threei} welcome
[10:00] {dino} lay out on prui .70 area imo
[10:00] {dino} pru
[10:02] {dino} out pru .70, +.40
[10:03] {dino} too soon
[10:05] {Threei} stop to .73 for DISH balance
[10:05] {lisa_jay} Target Vad?
[10:05] {Threei} not that 4 cents make much difference, just want to do things by the book
[10:05] {Threei} depends on the way it trades lisa
[10:06] {Threei} no hard number in mind, going to read it on the go
[10:06] {Onix} ty Vad, i all out DISH @ .88
[10:06] {Threei} welcome
[10:07] {Threei} no crying if it goes higher - I, in exchange, promise nopt to cry if the balance gets stopped out
[10:07] {dawg} i am with you on that
[10:07] {Onix} deal
[10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:08] {Threei} and take his wrath as a man
[10:11] {magoo} APOL valid?
[10:12] {Threei} not sure about this one
[10:12] {Threei} charts look fine, just a bit too jerky
[10:12] {peterg} morning all
[10:12] {peterg} late start
[10:13] {Onix} hi peter
[10:13] {peterg} in anytrhing?
[10:14] {Threei} peter :)
[10:14] {Threei} 1/4 more out DISH
[10:15] {Threei} 12.02
[10:15] {Threei} +.30
[10:15] {Onix} wtg
[10:15] {dawg} out 1/4 more dish
[10:15] {lisa_jay} Great job Dawg.
[10:15] {Threei} stop for the last portion is .84
[10:15] {dawg} OK
[10:15] {Threei} now... onix...
[10:16] {Threei} go ahead and fulfill your part of the deal
[10:16] {dawg} Thanks Lisa you made some on this one also right?
[10:16] {Onix} i want to cry, but i won't
[10:16] {Threei} no, not that oner
[10:16] {Threei} this one:
[10:16] {Threei} [10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:16] {Threei} [10:08] {Threei} and take his wrath as a man
[10:16] {Onix} how do i slap someone?
[10:16] {lisa_jay} Yes Dawg. But not following like textbook.
[10:16] {magoo} do NOT devulge secret slap vad
[10:17] {Threei} highlight his nick... right click
[10:17] {Threei} sorry mags
[10:17] {Threei} I am obliged to
[10:17] {lisa_jay} Paulson in 15 min.
[10:17] {dawg} Just following Vad along on DISH
[10:17] {Threei} it's included in support by RT
06[10:17] * Onix slaps magoo around a bit with a large trout
[10:17] {Threei} people have right to learn how to trade and how slap their neighbor
[10:17] {Geo} i thought slap was an extra subscription
[10:18] {peterg} thats for steel boots
[10:18] {Onix} sorry magoo, a deal is a deal
[10:18] {Geo} oh
06[10:18] * Geo slaps peterg around a bit with a large trout
[10:18] {peterg} hey
[10:18] {Threei} out last portion
[10:18] {dawg} stopped last 1/4 DISH
06[10:18] * peterg slaps Geo around a bit with a large trout
[10:19] {dawg} Thanks Vad great call
[10:19] {Geo} yup..... .75 daily here... lord vader
[10:19] {Geo} i sneaked bounce of yes low resistance in amazon
[10:21] {peterg} lkg at qqqq, aapl, is market setting itself up in tight bands again?
[10:21] {peterg} strangulation effect?
[10:22] {Geo} is that a trading term?
[10:22] {peterg} nah, imported from shrinkology
[10:22] {Geo} or what my wife does to me
[10:22] {peterg} right
[10:25] {lisa_jay} Vad, LLTC a valid set up break of .60, with stop under .48?
[10:25] {lisa_jay} Thanks.
[10:27] {Onix} one of those days where nothing happens every 5 mnutes
[10:28] {Threei} lisa, chart wise yes
[10:28] {dino} feels like death to me, sitting aside
[10:28] {Threei} market is not very friendly to this kind of setups right now
[10:28] {dino} markets that is
[10:28] {Threei} I would skip it
[10:28] {lisa_jay} Trying to learn the setups..not trading anything with Paulson coming on.
[10:28] {Threei} right
[10:29] {lisa_jay} Thanks Vad.
[10:31] {Chaeron} Good morning all... had inet probs... miss much?
[10:31] {lisa_jay} Hey Chaeron.
[10:31] {Onix} hi Chaeron
[10:31] {Chaeron} hi LJ
[10:31] {Chaeron} Onix :)
[10:32] {Chaeron} everyone just waiting for Paulson?
[10:32] {Threei} chaeron :)
[10:34] {dptl} s sbux .39 stop .52
[10:35] {Chaeron} Paulson speaking
[10:36] {dawg} bounce scalp UAUA 11 cents
[10:37] {Onix} gj
[10:38] {dawg} Thanks Onix trying learn everything I can from everyone
[10:39] {dino} gj dawg
[10:39] {Threei} careful dawg... I tried to learn from magoo how to tie up my shoelaces
[10:39] {Threei} guess what
[10:39] {Threei} tripped over them three times yesterday
[10:40] {dawg} LOL!
[10:40] {dawg} Thanks Dino you have a good one in PRU if i remember right
[10:43] {Onix} hope does not help much in these markets, but i took one more day off today to see if i can make some $$$ and learn some more
[10:44] {KSystems} what do you usually do?
[10:44] {Onix} i have a full-time job as a greenhouse manager with the UBC in Vancouver
[10:45] {KSystems} oh cool
[10:45] {magoo} btw onix, u seemed to learn the trout pretty well
[10:45] {Onix} i have this wierd hope of retiring soon as a full-time trader
[10:45] {Geo} interesting job ONIX
[10:46] {Geo} maybe ill visit to lear !
[10:46] {Onix} ty
[10:46] {Geo} learn
[10:46] {hawkfan4} BBY .26, stop 21.95
[10:46] {Onix} bbby?
[10:47] {hawkfan4} bby, best buy
[10:47] {Onix} ok
[10:48] {hawkfan4} stop .19 now
[10:49] {KSystems} k
[10:49] {KSystems} oops sorry
[10:50] {Geo} anyone figure out what _OWL trying to say?
[10:51] {Onix} anyone having feed problems at the moment with Laser?
[10:51] {dawg} in BBY .28 hawk where do you have your sell stop?
[10:51] {Threei} looks OK onix
[10:51] {Onix} thanks
[10:51] {hawkfan4} .19 dawg, keeping it tight today
[10:51] {Onix} quote & chart servers?
[10:52] {dawg} ok thanks hwk
[10:52] {hawkfan4} np
[10:52] {dawg} hawk
[10:52] {dino} mcd
[10:52] {dino} sm l .00, stop lod
[10:52] {Threei} quote 16
[10:52] {Threei} chart 1
[10:52] {lisa_jay} Nice Hawk and Dawg.
[10:53] {Onix} ty Vad
[10:53] {dawg} hawk called this one
[10:54] {dawg} out half .47 BBY
[10:55] {dawg} +.19 Thanks Hawk
[10:55] {hawkfan4} nice :)
[10:56] {magoo} cramer such an ass..now saying treacherous mkt and u don't need to be in at all
[10:56] {Onix} Laserdave not in chatroom today?
[10:56] {magoo} he was just buy..buy...buy...friday'
[10:57] {hawkfan4} he's certifiable mags, in 2 hours he'll be a raging bull again
[10:58] {hawkfan4} FMCN .15, stop .95. risky
[10:58] {Threei} watching QQQQ for long
[10:58] {Threei} support .40
[10:58] {Threei} entry point is not very clear
[10:59] {Threei} .57 is a bit too far
[10:59] {Threei} I'd like more aggressive entry with tighter stop
[11:00] {Threei} if you like the idea of trade, grab it on any pulllback
[11:00] {Threei} stop under .40
[11:00] {Threei} target is between .60 and .70
[11:00] {Threei} first strength from here
[11:01] {Threei} nice tight stop
[11:01] {Threei} minimal damage if no worky
[11:01] {dawg} in Q's .45
[11:01] {dptl} in .46
[11:01] {magoo} i know hawk..and his followers have time frame of much more than day..so he puts them in AAPL 110...tells them get out 92
[11:02] {dptl} out
[11:02] {Threei} no worky
[11:02] {dawg} out
[11:02] {muddleheaded} What is the minimum amount of volume on a stock needed before a call is made by anybody in this room?
[11:02] {Chaeron} -.08 on Q's
[11:03] {dawg} out last 1/2 BBY .47 Great call Hawk Thank you much!
[11:03] {magoo} i like couple hundred thousand volume
[11:04] {Threei} we don't have formal treshold mudd... jujst generally avoiding low volume pukers
[11:05] {muddleheaded} O.k.
[11:06] {hawkfan4} gj dog, was gonna do the same but spilled my coffee all over my desk reaching for the mouse :)
[11:07] {dawg} i've done that too hope damage wasn't to bad
[11:07] {lisa_jay} Been there so many times that I now need a hammer to move my keybord keys.
[11:07] {dawg} lol
[11:08] {Threei} UAUA
[11:08] {Threei} bounce should be close
[11:08] {hawkfan4} lol :) missed the important stuff, just need to change my pants
[11:09] {dawg} good!
[11:10] {Threei} .51 long if holding above .30
[11:11] {magoo} man vad...look at DISH chart
[11:11] {Threei} wow
[11:12] {Threei} we exited 2 cents under day high
[11:12] {Chaeron} uaua... whoops
[11:13] {Onix} yes, that was a good one for you guys
[11:13] {Onix} and i am still not crying
[11:14] {Chaeron} (everytime I see UAUA, I think of the song "Louie, Louie"... you know: Lou aay, Lou aay, whoooa, oh... We gotta go"
[11:14] {Threei} lol
[11:14] {Onix} :)
[11:14] {lisa_jay} Duran Duran...Toto?
[11:17] {Chaeron} Kingsmen I think
[11:17] {dawg} long DISH .50 stop .44
[11:20] {Threei} US TSY PAULSON: $700B NUMBER FOR BAILOUT STILL ENOUGH FOR FINANCIAL MARKET ASSISTANCE
[11:20] {dino} mcd stop to .39
[11:21] {Threei} what is truly shocking about this whole mess - constant non-ending barrage of new and new hits and speed with which they are coming
[11:22] {Threei} as soon as powers that be sell another 'fix", new problem jumps right from around the corner
[11:22] {KSystems} any idea how long this is going to last?
[11:22] {Threei} haha
[11:22] {KSystems} I mean...when are stocks going to be priced like they were before the crisis?
[11:22] {KSystems} you're invited to laugh again
[11:23] {Threei} :)
[11:24] {Threei} see, major problem as I see it is inevitabledebt contraction
[11:24] {Threei} much of "prosperity" was build on a shaky foundation of debt
[11:24] {Threei} built
[11:25] {Threei} a lot of spending was based on disposable income which, in tunr, was based on debt
[11:26] {Threei} This whole mechanism has collapsed now
[11:26] {Threei} new spending will be built on more realistic leverage
[11:27] {Threei} thus, by definition, will be mcuh more restrained
[11:27] {Threei} so, market is sorting out now who will survive,
[11:27] {Threei} who will collapse,
[11:27] {Threei} who will prosper
[11:28] {dino} dino's gut says we end around 7000 dji
[11:28] {Geo} there is an interesting article by a guy who wrote liar's poker.....
[11:29] {dino} good book
[11:29] {Geo} http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
[11:30] {Geo} profiles a couple of guys who couldnt believe what was going on and shorted the investment banks.... and were encouraged to do so by the banks themselves
[11:35] {dino} out mcd .39, +.39
[11:35] {lisa_jay} Wow.
[11:35] {Onix} wtg dino
[11:35] {dawg} gj Dino
[11:39] {KSystems} thanks for your assessment of the situation Vad
[11:40] {Threei} shesh
[11:40] {lisa_jay} UAUA getting sold off hard.
[11:40] {Threei} hesitated to call UAUA short on 10 breakdwon
[11:40] {Threei} :(
[11:40] {lisa_jay} Tanked after it broke.
[11:41] {magoo} now a vadism..."why hesitate? u see a setup..u take it..it worx or stop...next"
06[11:43] * Geo slaps Threei around a bit with a large trout
[11:43] {dino} ok, big bet w/magoo. i say -400 dji before we go to -100 dji, he's other side
[11:43] {dino} lunch
[11:44] {Threei} I have this feeling in my stomach that we'll be lucky if -400 is all for today
[11:44] {dino} and ty dawg, onix, lisa
[11:44] {Threei} and if we get any sizeable bounce
[11:44] {dino} great miinds think alike, i said to magoo -500 coming, but if we bet i'll take -400
[11:45] {dino} apathy feeling in markets today
[11:45] {Onix} yes, looks like 3rd down day in the next leg down?
[11:45] {Threei} with panic sprikled on top
[11:45] {Onix} lol
[11:47] {Threei} QID looks to me like going over 71 in a hurry
[11:47] {magoo} 71??
[11:47] {Threei} 79
[11:48] {magoo} u like my vadism?
[11:48] {Threei} why wouldn't I... I invented it :)
[11:48] {Geo} comeon vad........ he is asking
[11:49] {Threei} ECB'S STARK: THE FINANCIAL CRISIS IS "WRECKING HAVOC," DIFFICULT TO ASSESS ECONOMIC OUTLOOK
[11:50] {Threei} KS... another scary thing is (although in a certain perverted sense it's encouraging),
[11:50] {Threei} there is no place in the world that would remain relatively safe in this environment
[11:51] {lisa_jay} Dawg, DISH still hold tight.
[11:51] {Threei} here is my 79
[11:51] {tomg} ty qid vad
[11:52] {Threei} tom :)
[11:52] {dawg} Watching paint dry Lisa still in
[11:54] {dptl} me too long at.52 dish
[11:54] {dawg} Good dptl
06[12:01] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * Geo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps Geo around a bit with a large trout
06[12:02] * laserdave1 slaps Geo around a bit with a large trout
06[12:02] * magoo slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * Geo slaps Chaeron around a bit with a large trout
[12:02] {Threei} dave... can you translate what laser guys posted in chat?? :)
06[12:02] * magoo slaps Onix around a bit with a large trout
[12:02] {Onix} something fishy going on here
[12:03] {Onix} ty magoo
[12:05] {Threei} I don't want to initiate any position here, volume died down
[12:05] {Threei} sideline
[12:05] {Threei} so... what can be done at all about GM?
[12:05] {Threei} failure puts about 3 mil jobs on the line
[12:06] {Onix} someone pulled up the emergency brakes?
[12:06] {Threei} not an option
[12:06] {Threei} how do you save it qwhen no one buys cars?
[12:07] {Onix} quite a headache hey?
[12:07] {Geo} QCOM getting pounded
[12:07] {Threei} understatement of the century...
[12:07] {Threei} all the discussions about bailing it out, I just can't understand how
[12:08] {Threei} give it money? what does it solve?
[12:08] {Onix} but next in line at the government window must be the airlines hey?
[12:08] {Threei} they'll burn through it in a few months, what's next?
[12:09] {Onix} government going to keep pumping money into GM etc?
[12:09] {Onix} as you, how can they just keep doing that?
[12:09] {Onix} rather let them go into chapter 11 and re-organize
[12:09] {Threei} current level of sales simply can't sustain the comapny
[12:10] {Geo} tought to happen as abama need to pay his dues to UAW
[12:10] {Threei} QCOM
[12:10] {Threei} CEO: COMPANY STOPPED NEW HIRING, PHONE MAKERS CUT ORDERS 'DRAMATICALLY' TO LOWER INVENTORY
[12:10] {Threei} - notes there is uncertainty in forecast
[12:13] {Onix} they call it the credit crisis
[12:13] {Threei} market is looking into abyss
[12:13] {Onix} so everything bought on credit is in real trouble with so many people losing their jobs
[12:13] {Threei} and when you do that for too long, abyss starts looking back at you
[12:14] {Geo} thats deep vad
[12:14] {muddleheaded} Anybody watching anything?
[12:14] {Threei} I want peter to be proud of me
[12:14] {Geo} in NTAP
[12:14] {Onix} deep insight or deep abyss?
[12:14] {Geo} deep abyss
[12:15] {dino} when staring into the abyss, thats when you find your charactor
[12:15] {dino} wall st
[12:16] {Threei} QID worth a try here again
[12:16] {magoo} long short?
[12:16] {Threei} long
[12:16] {muddleheaded} Geo, are you short NTAP on earnings or did you buy for a bounce?
[12:21] {dawg} short Q's .20 break
[12:22] {dawg} stop .31
[12:23] {peterg} vad, I very proud!
[12:23] {Geo} short since......24 mudd
[12:23] {Geo} 11.24
[12:23] {Threei} thatnk you
[12:24] {Geo} stopped QID..... am glad small shares
[12:26] {Geo} off to work.... TY all
[12:26] {dawg} stopped Q's -11 cents snall lot
[12:26] {Onix} me chicken, e don't do QID any more
[12:28] {lisa_jay} Me busy rading Power Puff grisl and Elmo
[12:28] {lisa_jay} So no QID.
[12:28] {peterg} pretty breathtaking moves on qid
[12:28] {peterg} I like Elmo
[12:31] {peterg} almost made typical mistake of buying on trend without setup
[12:31] {peterg} market loves to give pain then
[12:31] {peterg} qid of course
[12:34] {Onix} yes, jumping in without valid setup, calls for pain more often than not for me
[12:36] {dino} we shall call those the mr. t trades
[12:36] {lisa_jay} I have made a lot of Mr. T trades in my time.
[12:36] {peterg} you mean, like, okay, foo? (fool in mr t talk)
[12:36] {lisa_jay} Lol..Mr.T
[12:37] {dino} met sm l .00, stop .72
[12:39] {dino} peter, yes, and "what's your prediction on the fight mr.t? painnn"
[12:40] {peterg} riiiight
[12:40] {dawg} in met .04
[12:41] {dino} thinking intial target .44ish
[12:41] {dawg} ok bowels getting lose here
[12:41] {dawg} loose too
[12:41] {dino} nasty
[12:42] {Threei} nice MET
[12:42] {dawg} Dino call
[12:42] {Onix} good call dino
[12:42] {dino} use pru as your tell vad
[12:42] {dawg} out .43
[12:42] {dino} gj
[12:43] {dino} stop to .39
[12:43] {dawg} Thanks Dino great call!
[12:43] {dino} lucky gog
[12:43] {dawg} Direct Hit
[12:43] {dino} dog
[12:43] {dawg} .)
[12:44] {peterg} fabuloso dino and thanks.
[12:44] {dino} tighten to .45
[12:44] {peterg} in and out 2x, gainers both
[12:44] {dino} out +.45
[12:45] {peterg} course, first exit was clumsy mistake
[12:45] {dino} just lucky guys, glad to help
[12:45] {dawg} +35
[12:45] {Threei} PRU, if market helps, should reverse off .50
[12:45] {dawg} +35
[12:47] {dawg} get off the pipe dawg
[12:47] {dawg} in PRU 28.50 long
[12:48] {Threei} market's still selling, dawg, keep it tight
[12:48] {lisa_jay} stop vad?
[12:48] {dino} watch market
[12:48] {Threei} a bit premature entry, IMO... but keep stop under .40
[12:49] {lisa_jay} Best entry would be?
[12:49] {lisa_jay} Or better, thanks.
[12:49] {dawg} stopped PRU
[12:49] {Threei} it's not nyumbers
[12:49] {Threei} it's market direction
[12:49] {lisa_jay} Not in.
[12:49] {dino} they move w/dji
[12:50] {Threei} right
[12:50] {lisa_jay} Ok thanks Vad, Dino.
[12:50] {Threei} levels of support/resistanve are for watching around them, not for entry per se
[12:50] {dawg} OK learned on that one then
[12:55] {Threei} JPM CEO: DE-RISKING BEAR STEARNS BALANCE SHEET COST ABOUT $10B MORE THAN EXPECTED - CONF PRESENTATION
[12:55] {Onix} surprise!
[12:56] {dino} shocker
[12:56] {dawg} PRU in .27
[12:56] {dino} chic
[12:56] {peterg} new word: de-risking
[12:56] {dawg} bounce scalp
[12:57] {dino} thinking short
[12:57] {dawg} out .34 + 6 cents
[12:57] {dino} gj, sorry i was talking chic
[12:58] {dino} buyout 9
[12:58] {dawg} its OK probably getting a little loose here anyway but its working
[13:02] {dawg} in PRU .23
[13:03] {dawg} too slow stopped PRU
[13:08] {dptl} ftbk???
[13:09] {Threei} gosh
[13:09] {Threei} dp, you are scaring me
[13:09] {Threei} why scream
[13:09] {dptl} :)...i scare my self
[13:10] {dptl} and qqqq at .50 may be
[13:10] {Threei} looks like, yes
[13:11] {Threei} very strange market here I must say
[13:11] {dino} as opposed to?
[13:11] {Threei} lol
[13:11] {peterg} warm and friendly, cuddly market
[13:11] {dino} pretty much the normal since sept. 1st
[13:12] {KSystems} probably its not the market but us
[13:12] {Threei} todays is stranger
[13:12] {peterg} retek nart dardlep
[13:12] {Threei} slow drift down,,, slow drift up...
[13:12] {muddleheaded} Does anybody use pivot points on the indices?
[13:12] {Onix} its all slippery with blood with the bulls and bears fighting so much
[13:13] {Threei} lol onix
[13:13] {Threei} as general idea of support/resistance levels, mudd
[13:18] {dino} intra-day and natural ones
[13:18] {Onix} what you think of KG Vad?
[13:19] {Threei} .50 if holding above .40 would be a standard play
[13:19] {Threei} I just don't trust it
[13:19] {Onix} ty
[13:20] {lisa_jay} FISV?
[13:20] {magoo} KG? pretty good basket ball player
[13:20] {Threei} same thing, only more volatile and risky
[13:21] {peterg} he left minnesota for boston
[13:21] {lisa_jay} Ok, thanks Vad.
[13:21] {Onix} just what you sid Vad, look at KG now!
[13:21] {Onix} said
[13:22] {dino} mkts dropping imo
[13:22] {Threei} yikes
[13:23] {magoo} jesus..does paulen even get a bathrm brteak lol
[13:23] {KSystems} is he still speaking??
[13:24] {Onix} his full-time job is to prop up the markets, didn't you know?
[13:24] {magoo} oh..i looked up..guess it was news story
[13:24] {Threei} lol
[13:24] {dino} and he does a terrible job at it. should just hire a motivational speaker
[13:25] {Onix} :)
[13:26] {dino} brb
[13:27] {Threei} dino may have figured it out
[13:27] {Threei} market needs Tony Robbins
[13:28] {Onix} i think rather Robbin Williams
[13:28] {KSystems} LOL
[13:31] {Threei} for a few days now market has this frozen look
[13:32] {peterg} snow on ground in MN -- could be a connection?
[13:33] {Threei} drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened
[13:33] {Onix} lol
[13:33] {magoo} see..even u have become lulled and complacent..this USED to be a big down day..280 down
[13:33] {Threei} bravely walked on a brink of chasm while drunk,
[13:33] {magoo} now its no big deal
[13:33] {Threei} sobered up and saw where he was
[13:34] {Threei} it's not even about the size of red mags...
[13:34] {peterg} So, maggers, what does it all mean?
[13:34] {Threei} it's the fashion in which it's done that creates this wierd feeling
[13:34] {Threei} to further my analogy and try to explain what I feel...
[13:35] {Onix} smart money is either all out already, or they can not make up their mind
[13:35] {Threei} when he sobers up and sees where he is and gets scared,
[13:35] {peterg} then
[13:35] {peterg} he
[13:35] {Threei} he is being torn between two conflicting impulses
[13:35] {Threei} one is to back away from the abyss
[13:36] {Geo} back
[13:36] {Threei} another is to close his eyes and step right in
[13:36] {Onix} all aboard? ... going down!
[13:36] {Geo} we in anything?
[13:36] {Threei} no
[13:36] {Onix} nope
[13:36] {Geo} thanks
[13:36] {Threei} seriously guys
[13:36] {Threei} I am not trying to be cute
[13:36] {peterg} Captain of balloon ride in colorado explained to me my fear was from my wish to jump
[13:36] {Threei} (not that I have any chance to succeed in that)
[13:37] {peterg} Im following you vad
[13:37] {Threei} this is how I feel watching market last few days
[13:37] {Onix} too much vodka?
[13:37] {Threei} sigh... I have no chance to be taken seriously, do I :)
[13:38] {Onix} lol
[13:38] {Onix} sorry, i agre with you, it is real stange these last few days in the markets
[13:40] {dino} feels like nobody cares...apathy
[13:40] {peterg} My bellweather stock, GE, is tanking further
[13:41] {Onix} i don't hope it is going to be like this for the next 69 days until Obama takes the reigns
[13:41] {peterg} Sold this summer.
[13:41] {peterg} If its like this, Onix, you
[13:41] {Threei} dino... strikes me as
[13:41] {Threei} ummm
[13:41] {peterg} will have to keep your day job
[13:41] {Onix} so true
[13:41] {dino} yes?
[13:42] {Threei} not apathy but rather being horrified of inevitable
[13:42] {Threei} scared to death of it,
[13:42] {Threei} scarewd to face it,
[13:42] {Threei} and not seeing any way to avoid it
[13:42] {peterg} who said, "the horror, the horror...."?
[13:42] {peterg} anyone?
[13:42] {dino} apocolaspse(?) now
[13:42] {peterg} rihngt
[13:43] {peterg} from book
[13:43] {peterg} by conrad
[13:43] {Threei} all thinkable lifelines thrown in, used up and didn't help
[13:43] {hawkfan4} Col. Kurtz
[13:43] {peterg} heart of darkness
[13:43] {Geo} rumor is..... being paid to wait till jan 20
[13:43] {peterg} yes yes!
[13:43] {Geo} lol
[13:43] {peterg} so maybe vad it is just too awful even for us to think about
[13:44] {peterg} lost in space
[13:44] {Threei} well, our advantage is ability to control risk
[13:44] {Threei} stay away if needed
[13:44] {dino} the way i see it, they must let capitalism work, so ineviably bankruptcies must occur, bondholders must be paid off, not in principle, but new stock, and contracts must be broken. then start over
[13:44] {peterg} yup
[13:44] {Threei} cut losses short if needed
[13:44] {Threei} grab obvious profits when they are there
[13:44] {Threei} exactly what we did these lat few days
[13:45] {peterg} good, but difficult for a young seventeen year old like myself
[13:45] {dino} yes vad, it is a daytraders world for now
[13:45] {Threei} I am afraid in today's situation it's not going to happen dino
[13:45] {Threei} not with incoming administration
[13:45] {dino} agreed, thats why it will take twice as long
[13:45] {Threei} not after all these endless bailouts
[13:46] {peterg} where does this money end up?
[13:46] {Threei} they will dig deeper and deeper hole in hope to make another generation pay for it
[13:46] {dino} north korea closing border jan. 1st. another obama test in the making
[13:46] {peterg} truly the curse of living in interesting times
[13:46] {Threei} really, do you see new prez ditching UAW?
[13:46] {peterg} not going to happen
[13:46] {peterg} apparently
[13:47] {peterg} detroit has been a pit for forty years or more
[13:47] {peterg} sorry if i offend people
[13:47] {dino} you don't
[13:47] {Threei} light at the end of the tunnel for us is
[13:47] {dino} not me at least
[13:47] {peterg} gotcha
[13:47] {Threei} [13:46] {peterg} where does this money end up?
[13:47] {peterg} ya
[13:47] {Threei} that's what will work eventually for us as traders
[13:48] {Threei} trillions on a sideline
[13:48] {peterg} ahhah
[13:48] {Threei} sooner or later they will pour in
[13:48] {Threei} and prop the markets in bull frenzy
[13:48] {Threei} timing is tough but it will be well worth the wait
[13:48] {peterg} back to dino
[13:49] {peterg} jungle image
[13:49] {peterg} correct
[13:49] {Threei} we got first taste of it on days when market did 1000 points green
[13:49] {lisa_jay} sigh..FISV, would have gone to 32.85 if i had bought.
[13:49] {lisa_jay} oh well.
[13:49] {Threei} shrug it off lisa... was random one
[13:49] {Threei} 50/50
[13:49] {lisa_jay} Yes, learning to read patterns though. Thanks.
[13:50] {peterg} lisa, you are inspriation tolazy me to learn patterns.
[13:50] {lisa_jay} Actually got it from Dawg.
[13:51] {peterg} Thanks all o yez
[13:51] {dawg} dogs back on the pipe
[13:51] {peterg} smokin?
[13:51] {lisa_jay} Hot.
[13:51] {dawg} but thanks Lisa
[13:52] {peterg} back in hr. Nobody make money til then.
[13:52] {lisa_jay} With the market the way it is, you can wake us up when you get back.
[13:54] {Threei} abyss is a magnet
[13:54] {lisa_jay} yes
[13:56] {dino} lod coming
[13:56] {Threei} today shapes up as one of those days
[13:56] {Threei} serously exceeding "normal - 300"
[13:57] {Threei} you are going to win that bet with magoo, dino
[13:57] {Threei} to quote outgoing prez... "this sucker is going down"
[13:58] {Onix} lol
[14:00] {Onix} but if market goes down much more, government will have to start bailing out pension funds as well
[14:01] {Threei} you know... as far as big economic picure is concerned, I just don't have any points of reference to try and create any kind of forecast
[14:02] {Threei} unfortunately, events show neither do decision-makers
[14:02] {Threei} I mean, what does collapse of this and that and that implicate?
[14:02] {Threei} when GM, F, MS, GE are down and out,
[14:02] {Threei} when pnesion funds are ruined
[14:03] {Threei} whart happens next?
[14:03] {dino} pension funds are already insured by govt., pension guanatee assoc.
[14:03] {Threei} this is where I have major troubles dino
[14:03] {dino} annuities just got tarp, think insurors
[14:03] {Threei} who insures the govt?
[14:03] {Onix} maybe that is what is was like recovering after WWI & II?
[14:03] {patience} my theory is businss becomes predominantly foreign owned in the U.S.
[14:04] {Threei} what happens when the govt that insures everyone goes bust?
[14:04] {dino} printing presses do 3i, we will be shorting dollar and bonds very shortly
[14:04] {patience} u.s. taxes have to go up to pay today's promises
[14:04] {KSystems} Look at Iceland, its happened there
[14:05] {Onix} if states like California can go bust, then the whole UA can also go bust
[14:05] {Threei} I don't know about foreign ownership... seems the rest of the world has it even worse than US
[14:05] {Onix} new world leader (China) will emerge
[14:06] {Threei} this I truly doubt
[14:06] {lisa_jay} qqqq's at lower end of the channel.
[14:06] {dino} you are clouded by silly academic ideas (w/respect intended). the politicians and bankers know the only way out is to inflate it away. right now dollar and bonds are going up, but to pay it off "cheaper", we must print around the clock, de-valuing bonds, dollar, etc. so if dolar drops 30%, we save $200 billion...see
[14:07] {Threei} this I understand dino
[14:07] {Threei} what I don't is,
[14:07] {dino} they understand this, and joe sixpack keeps his (no 30% less) pension
[14:07] {Threei} devaluation of dollar relative to what?
[14:07] {Threei} whole world has to print
[14:07] {Threei} and inflate the way out of problem
[14:07] {dino} gold, oiul, china, etc
[14:07] {dino} oil
[14:08] {dino} another commodity boom in the making imo
[14:08] {dawg} short Q's .06 out .94 for a dime scalp
[14:08] {Onix} we are going to press the reset button and start from scratch
[14:09] {dino} hmmm, again w/respect intended.....do not over think it, inflation is coming soon. obama will be dealing w/carter like environment. rates
[14:11] {dino} cycles are just coming faster these days, imo
[14:11] {Onix} we are fairly protected up here in Canada from all the economic turmoil at this stage
[14:11] {Onix} but i feel real sorry for all the millions losing their jobs in the USA
[14:12] {dino} don't misunderstand me. there will be plenty of opprtunities
[14:12] {dino} ty onix
[14:14] {lisa_jay} Nice one Dawg.
[14:14] {Threei} market does go down as we foresaw... problem is, I can't find safe entry points
[14:15] {dino} same problem, my mind resists shorting when down 750 dji points since fri close
[14:15] {dino} 8.5%
[14:15] {Threei} what a mess
[14:16] {dino} agreed
[14:18] {dino} -1,295 since close on election day, or13.5%
[14:19] {dawg} bounce scalp C in .84 out .96
[14:19] {Onix} anybody with a cristal ball to tell us what time the day-traders are going to start to cover their shorts today?
[14:19] {dptl} vvus .51 long ?
[14:22] {dawg} in C short .98 for a scalp
[14:22] {Threei} VVUS, I doubt it
[14:26] {dawg} stopped C -7 cents
[14:27] {Threei} GE
[14:27] {Threei} APPROVED TO OFFER FDIC INSURANCE ON $139B IN DEBT, GE CAPITAL ELIGIBLE FOR EXPANDED PROGRAM
[14:27] {Threei} is this what propped the market just now?
[14:28] {dawg} short C .04 for a scalp
[14:33] {dawg} stoppped C -8 cents
[14:33] {Threei} -4 you mean?
[14:34] {dawg} in at 04 and stopped at .12
[14:34] {Threei} oh, I see... didn't saw it spiking there
[14:34] {dawg} Yes reversing
[14:35] {dawg} but only trading small lot of 200 shares
[14:39] {dino} press conference coming..."all americans to get $50k in cash to stimu;late economy" just kidding, but might be cheaper current stategy
[14:40] {Threei} why limit it so severely
[14:40] {dawg} lol
[14:40] {Threei} I'd suggest including canadians
[14:40] {Threei} maga, Italy, right?
[14:41] {Threei} KS, germany?
[14:41] {KSystems} yep
[14:42] {Threei} Chaeron, cosmo and geo will probably insist on including California
[14:42] {Threei} now, that I'll object to
[14:43] {Geo} ou can leave california out
[14:43] {Geo} just give it to me
[14:44] {Geo} and chaeron too...
[14:44] {dino} lol
[14:51] {Chaeron} thank you Geo... I think you're on to something... give it all to me and Geo and we will distribute among our friends... I don't have any friends tho Geo, do you?
[14:51] {Threei} you wealth distributor
[14:51] {Geo} only you cheron
[14:51] {peterg} back. reviewed log. some up/dn. Last hour, lets really make money
[14:51] {Geo} you and me
[14:52] {lisa_jay} Vad, just for educational purpose, would FISV be an inverted c & h? with .00 break down? Thanks.
[14:53] {Threei} yup
[14:53] {Threei} also, head and shoulders
[14:54] {lisa_jay} Stop .15
[14:54] {Onix} on 1 min or 5 min?
[14:54] {Threei} korrekt
[14:54] {lisa_jay} 1min
[14:55] {Threei} one more leg down is coming
[14:58] {Geo} ne calls vad?
[14:59] {dawg} short C .92
[14:59] {Threei} tough proposition geo
[14:59] {Threei} general direction is relatively easy
[14:59] {Threei} a lot of short-lived rallies are very hard to time
[14:59] {Geo} yeah..... i got rinsed on QID and one more... cant remember.....
[14:59] {Geo} convinient memory :)
[15:00] {dawg} out C .81
[15:00] {Threei} finally dawg
[15:00] {Threei} nailed it
[15:00] {dawg} +10 cents Thanks Vad for general direction
[15:00] {peterg} nice
[15:01] {dawg} thanks Peter
[15:01] {lisa_jay} 1:1 fisv...did not take :-)
[15:01] {dawg} Took awhile but your general direction give me courage
[15:02] {Onix} paper trading does help lisa :)
[15:02] {lisa_jay} Yes, if i was in the position, we would be having a huge rally.
[15:02] {Threei} lol
[15:03] {Threei} this kind of paper trades build confidence lisa
[15:03] {magoo} all we need is chaer to short something big...BAM RALLEY
[15:03] {lisa_jay} I hope.
[15:03] {lisa_jay} What do you say Chaeron...for the greater good.
[15:04] {lisa_jay} Lets short something.
[15:05] {Onix} lisa, where do you live?
[15:05] {lisa_jay} CT.
[15:05] {lisa_jay} USA.
[15:05] {Threei} Ct is USA?
[15:05] {dino} hey neighbor!, well sort of
[15:05] {Threei} at least one town in it is not
[15:06] {Onix} CT also stands for Cape Town South Africa
[15:06] {lisa_jay} Yeah, Dino, Magoo...often visit PA..are you near Horsham?
[15:06] {dino} 2 hours north
[15:07] {Threei} -350
[15:07] {dino} 50 pts and lunch tomorrow on magoo
[15:07] {dino} you see, magoo and i have ability to freeze markets in small ranges, our bet did just that for hours
[15:08] {lisa_jay} lol
[15:08] {Threei} dino... I think new administration will employ you on a spot for that ability alone
[15:08] {dino} roflol
[15:09] {peterg} anybody looking att anything?
[15:09] {dino} but they need to hire magoo too or it won't work
[15:09] {Threei} even that won't stop them
[15:09] {peterg} If nobody can find anything, Im going home early
[15:09] {Threei} peter... my feekling is, last bounce, then royal flush
[15:10] {peterg} time guesstimate?
[15:10] {dino} peter, my feeling is to ask magoo to bring me a brew and call it a day
[15:10] {Threei} 5 minutes
[15:10] {Onix} :)
[15:10] {peterg} wanna short something, as lisa suggested?
[15:11] {Threei} Qs
[15:11] {peterg} magoo, bring me a brew and call it a day
[15:11] {Threei} ADBE
06[15:11] * Chaeron slaps peterg around a bit with a large trout
[15:11] {Chaeron} say please
[15:12] {peterg} pls
[15:12] {Geo} that was easy
[15:12] {Chaeron} Larisa's not here and manners go to heck......
06[15:13] * dino slaps magoo around a bit with a large trout
[15:13] {dino} pay attention magoo, peter wants a beer
[15:14] {peterg} jeez vad, you put em in front of me and i dont take me adbe
[15:15] {peterg} frozen mind
[15:15] {peterg} limbs
[15:15] {Chaeron} move
[15:15] {Chaeron} it's almost 80 here
[15:15] {peterg} where?
[15:15] {lisa_jay} adbe vad, break of .10?
[15:15] {Chaeron} Thailand
[15:15] {Chaeron} teasing... So. Calif
[15:16] {Threei} in this environemtn I prefer shorting bounces lisa
[15:16] {lisa_jay} Ok, Thanks
[15:21] {peterg} i am in antarctic science station studying beer proliferation
[15:21] {magoo} i must apolagize..our bet ruined the trading day both sh opr long
[15:21] {Threei} why... we got a few good ones
[15:21] {Threei} not as many as we want
[15:21] {Threei} but heck
[15:22] {magoo} all BEFORE the bet boss
[15:22] {Threei} oh
[15:22] {Threei} yes, you are right
[15:22] {magoo} what..cant hear u..say ahgain please lol
[15:23] {peterg} hav fun team. Going home, will review log for things said about mkts, me
[15:23] {lisa_jay} Bye Peter
[15:24] {Threei} take care peter
[15:24] {peterg} bye lj, vad
[15:24] {Threei} ADBE works like charm
[15:24] {Threei} Qs too
[15:24] {Threei} flush in progress
[15:24] {peterg} and raven, cosmo dawg dino dptl geo hwk,jmb ksys, ldave, mag mudd, onix patienc tom g maga
[15:24] {dino} cya pete
[15:24] {Threei} 20 points till dino's bet win
[15:25] {magoo} u know how much heeats?
[15:25] {dino} victory, a dish best served cold
[15:27] {dino} wow, kbr at $12 w/$10/share cash
[15:27] {dino} no takeovers tho, because no financing available for them
[15:27] {magoo} hang onnnnnnnnnn dow
[15:27] {dawg} short Q's break of .75
[15:28] {dawg} stop .81
[15:28] {magoo} u gotta have the print or no deal, er um. meal
[15:28] {dino} missed by .80
[15:31] {dawg} stopped Q's - 6 cents 200 shares
[15:31] {Threei} not really right way to enter this kind of selloffs dawg
[15:32] {dawg} what is the right way was waiting for flush
[15:32] {Threei} it dropped into low instwad of consolidating above it,
[15:32] {Threei} this kind is more likely to bounce instead of continue
[15:32] {dawg} ah got it always learning with you
[15:33] {Threei} either wait for bounce into resistance or for consolidation and break
[15:33] {dawg} I was ass backwards
[15:33] {magoo} im gonna win bet
[15:33] {magoo} going green
[15:33] {Threei} green?}
[15:33] {Threei} today?
[15:34] {magoo} yes
[15:34] {magoo} in progreesss
[15:34] {Threei} if that is what you bet on, I'll bet on dino's bet
[15:34] {Threei} any leverage you wish :)
[15:34] {muddleheaded} Any thoughts on FTBK?
[15:35] {Threei} FTBK is moving on this:
[15:35] {Threei} 11/12/08 10:12am
[15:35] {Threei} [FTBK] Frontier Financial Announces Status of Treasury Capital Purchase Program Application
[15:35] {Threei} - indicated they have filed an application for the Capital Purchase Program announced by the Treasury. The deadline to file the application is November 14, 2008. At this time, Frontier's application has neither been denied nor approved by their federal regulators or the Treasury.
[15:35] {magoo} dino is ranting non stop"how can it not print 400 down..."
[15:36] {muddleheaded} Thanks.
[15:36] {Threei} they are denied, it drops 2 bucks faster than traders blink
06[15:36] * magoo slaps Threei around a bit with a large trout
[15:36] {magoo} vadf acts like hes running the room or something he he
[15:37] {Threei} gosh, it's what, 18 points till 400?
[15:37] {Threei} it will eat those 18 points in two shakes of lamb's tail
[15:37] {Threei} lol
[15:37] {Threei} 10 points
06[15:37] * Geo want to just eat the lamb
[15:38] {muddleheaded} TSX is worse off.
[15:38] {Threei} how much down?
[15:38] {magoo} u half empty guy
[15:38] {muddleheaded} 559
[15:38] {Threei} yikes
[15:38] {magoo} only 265 points away from free lunch
[15:38] {Threei} oil under 56
[15:39] {Threei} loonie lost .80 yet?
[15:39] {dino} like having a sell order at 400, but won't hit
[15:40] {muddleheaded} $0.8081 now.
[15:40] {lisa_jay} There Dino...saw the print.
[15:40] {dino} bamm! lunch on magoo
[15:40] {Threei} here we go
[15:40] {lisa_jay} Flush...
[15:40] {Threei} yeah
[15:40] {Threei} not royal flush yet
[15:41] {Threei} but that's coming too
[15:41] {Geo} magoo?
[15:41] {Geo} looks like he went grocery shopping
[15:41] {Threei} dawg
[15:41] {Onix} testing October lows today already?
[15:41] {Threei} see where Qs dropped from?
[15:41] {dawg} short Q's off resistance like you said
[15:41] {dawg} .89
[15:41] {Threei} .90 resistance, like clockwork
[15:42] {dawg} Yes sirree!
[15:42] {lisa_jay} R u short Dawg?
[15:42] {dino} 8,143 next target imo
[15:42] {Threei} onix, NASDAQ is still above those lows
[15:42] {dawg} yes but only 200 shares
[15:43] {Threei} not too far though
[15:43] {dawg} out 1/2 100 shares
[15:43] {dawg} thanks Vad hold onto last 100
[15:43] {Onix} getting there only 64c for Q's
[15:43] {dawg} for royal flush
[15:43] {Threei} :)
[15:44] {dawg} Ok out last 100 be what a learning experience Vad
[15:45] {Threei} I've no idea where this spike came from
[15:45] {Threei} jusr dangers of bear market
[15:45] {Onix} short coverings?
[15:45] {dawg} whoa!
[15:45] {Threei} spikes are sudden and violent
[15:45] {dino} 3:45 bounce
[15:45] {dino} like clockwork
[15:45] {dawg} short again .90 Vad?
[15:46] {Threei} no
[15:46] {dawg} got it
[15:46] {Threei} this kind of spike ruins whole read
[15:46] {Threei} it can drop or continue up from here with he same odds
[15:46] {dawg} i see
[15:47] {dptl} have a good evening all
[15:47] {Threei} take care dp
[15:47] {magoo} dp WAITTTTTTTT
06[15:48] * magoo slaps dptl around a bit with a large trout
[15:49] {Threei} dawg... how about that eh?
[15:49] {dawg} you where right along Vad
[15:50] {dawg} all along
[15:51] {magoo} thats why hew gets the lunch dawg
[15:51] {dawg} lol magoo!
[15:52] {dawg} and dinner too
[15:53] {dino} detroit city counsel files for 10b tarp loan
[15:53] {Geo} wot???? really?
[15:54] {Threei} what the
[15:54] {Threei} is it money for all purposes now?
[15:54] {dino} yes, real$.com
[15:54] {dino} soon i will file
[15:55] {Geo} chaeron... you ready with our filing proposal? I have pretty graphs
[15:56] {Threei} look at FTBK
[15:56] {Threei} down full buck in a few minutes
[15:56] {dino} zion out w/going concern in report
[15:57] {peterg} at home in easy chair for end
[15:57] {dino} c at 9+
[15:57] {magoo} see..everyone used to 15 minute powerful close..so mother mkt spanks them today
[15:58] {magoo} falls
[15:58] {Threei} -400 again
[16:00] {peterg} so what predicto for tomorro?
[16:00] {magoo} he gets a lunch for every tag
[16:00] {magoo} thasts 3
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} more pain peter
[16:00] {magoo} prediction? PAIN
[16:00] {Threei} thank you all
[16:00] {peterg} Mr T!!
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Bye guys.
[16:00] {Threei} see you tomorrow
[16:00] {peterg} gnite all again
[16:00] {muddleheaded} Bye everybody.

Nov 11 2008

A bit more interesting day. Couple nice trades, plus some scalps... still nothing outstanding but a little more life overall.                                                                                                                   

Session Time: Tue Nov 11 00:00:00 2008

[08:13] {Threei}  11/10/08 04:02pm

[08:13] {Threei}  [SGMO] Sangamo Biosciences Inc Halted; Releases results from diabetic neuropathy trial SB-509-601

[08:13] {Threei}  - The data demonstrate that repeat administration of the drug is well tolerated in subjects with mild to moderate DN. However, no significant differences were observed between the SB-509 and placebo treated subjects in a number of measures of nerve function and health at the primary analysis point, day 180 post-treatment.

[08:25] {Threei}  CAAS

[08:25] {Threei}  ANNOUNCES FIRST PURCHASE ORDER FROM A GLOBAL NORTH AMERICAN AUTOMOTIVE MANUFACTURER

[08:25] {Threei}  -China Automotive Systems a power steering components and systems supplier in China, today announced it has received its initial purchase order for power steering gears from a global automotive manufacturer headquartered in North America. This first purchase order is part of an agreement to supply power steering gears to this automotive manufacturer.

[08:25] {Threei}  -CAAS notes this agreement represents a major milestone as it is the first contract for China Automotive Systems in the North American original equipment manufacturer (OEM) market.

[08:35] {_maga} good morning all

[08:36] {Threei}  morning maga

[08:38] {Threei}  MER CEO THAIN: "CAUTIOUSLY OPTIMISTIC" THAT THINGS ARE BEGINNING TO IMPROVE IN FINANCIAL SECTOR; US ECONOMY IS CONTRACTING RAPIDLY

[08:38] {Threei}  - Notes it will be a slow process

[08:38] {Threei}  - Says housing prices are continuing to drop, asset prices still falling

[08:42] {lisa_jay} Hi Vad.

[08:42] {magoo} morning

[08:42] {Threei}  lisa :)

[08:42] {Threei}  magoo :)

[08:42] {lisa_jay} Hey Magoo.

[08:44] {KSystems} Good morning

[08:44] {Threei}  ks :)

[08:44] {KSystems} Hey Vad...slept well?

[08:45] {Threei}  yes thank you... why?

[08:46] {KSystems} er

[08:46] {KSystems} just chit-chatting

[08:46] {KSystems} this is embarassing...asking "why" on such a question :-}

[08:46] {Threei}  ah... well, forgive me for not catching on that - not many want to chit-chat with me without strong necesity :()

[08:48] {lisa_jay} Hey...not true.

[08:48] {KSystems} see, you've got friends

[08:48] {lisa_jay} How was the coffee Vad? :-)

[08:49] {Threei}  wow... shapes up as an unusually good morning :)

[08:49] {KSystems} *shush* you must ask "Why" now

[08:50] {Threei}  no, I already got the trend: europians and women are merciful on me, to the degree where they are willing to create an illusion they actually want to chat with me :)

[08:50] {KSystems} on the other hand when I tried to make coffee this morning I found out that I ran out of milk and THAT makes me kinda aggressive usually

[08:51] {Threei}  milk? in coffee?

[08:51] {Threei}  what kind of perversion is that

[08:51] {Threei}  decadent Europe....

[08:51] {KSystems} european perversion, aka the Ultimate Definition of Coffee(tm) is the Cappuchino

[08:51] {Threei}  bunch of weirdos :)

[08:52] {KSystems} Lisa, you like Cappuchino?

06[08:52] * Threei prepares to kick out of the room any male who confesses he likes coffee-latte

[08:53] {KSystems} they havent waken up yet

[08:53] {KSystems} a=o

[08:54] {lisa_jay} Not a big coffee person...like Tea

[08:55] {hawkfan4} I'm partial to Cap's brother, Al

06[08:55] * Threei proudly announces he takes his coffee black, no milk, no sugar, no cream... and he fished his own supper yesterday

[08:55] {KSystems} well thank you very much

[08:55] {Threei}  lisa... they say oolong kind is even more effective than coffee as an awakener

[08:56] {lisa_jay} Should try it.

06[08:56] * magoo slaps Threei around a bit with a large trout

[08:57] {Threei}  they also say trout beats tem both

[08:58] {KSystems} I should try squeezing some trout into the coffee

[08:59] {Onix} Good morning all 

[08:59] {Threei}  onix :)

[08:59] {Threei}  oh boy

[08:59] {Threei}  I have too vivid imagination ks

[08:59] {Threei}  coffee with fish taste/smell

[08:59] {Threei}  wait for me to be done retching

[09:01] {Threei}  UPS

[09:01] {Threei}  REPORTS Q3 $0.08 V $0.14 Y/Y, R $30.6M V $29.8M

[09:07] {brian3579} gm all

[09:07] {Threei}  brian :)

[09:08] {magoo} vad, u watching FMCN?

[09:09] {Threei}  11/10/08 04:15pm

[09:09] {Threei}  [FMCN] Focus Media Holding Reports Q3 $0.53 v $0.53e, R $224.8M v $232Me

[09:09] {Threei}  - Guides Q4 EPS $0.45-0.46 v $0.57e, R $190-200M v $248Me

[09:09] {Threei}  and three downgrades this morning

[09:10] {dino} gm all

[09:10] {dptl} good morning all

[09:10] {Threei}  dino :)

[09:10] {Threei}  dp :)

[09:11] {Threei}  worth watching for sure

[09:11] {Geo} gm all

[09:11] {Threei}  geo :)

[09:12] {Threei}  REPORTEDLY OPEC MAY CUT OUTPUT BY A FUTHER 1M BPD AT DEC MEETING DUE TO SLOWING DEMAND - UNCONFIRMED REPORT

[09:13] {dino} coffe, black and bitter for me

[09:13] {dino} coffee

06[09:13] * Threei high-fives dino

[09:14] {Threei}  oil under 60

[09:14] {dino} bitter, you know, like my women

[09:15] {Geo} hehe and a gm to you dino

[09:16] {dino} :)

[09:16] {Threei}  poor JASO

[09:18] {dino} pru blood14 points since fri high

[09:19] {Threei}  *TED SPREAD AT 175BPS V 195BPS PRIOR, 3M USD LIBOR/OIS SPREAD AT 168 BPS V 170BPS PRIOR

[09:19] {Threei}  quite low

[09:21] {dino} should be .50 i believe

[09:22] {Threei}  well... after it's been in 400 area, 175 looks good, doesn't it :)

[09:23] {dino} indeed, the .50 is "normal" times

[09:23] {Onix} even with it so low, the banks do't seem to be lending yet?

[09:24] {Threei}  who knows for sure... they say some thaw is taking place, and expect noticeable imp[rovement around 140

[09:24] {Threei}  and lower

[09:25] {Onix} how many billion more do they need before they start lending?

[09:25] {Threei}  good question

[09:25] {Threei}  first trillion is tough... after that it's easier

[09:25] {Onix} lol

[09:26] {Threei}  my plan for STEM swing:

[09:26] {Threei}  stop for first portion is under 1.90,

[09:26] {Threei}  adding second portion on 2.30 break,

[09:26] {Threei}  adding third and last portion on 2.50 break

[09:27] {Threei}  if it goes for all those breaks, trailing the stop will be a matter of forming new support levels

[09:28] {Geo} missed you entry vad?

[09:28] {Geo} your

[09:28] {Threei}  yesterday, 2.16

[09:28] {Geo} ty

[09:28] {Threei}  feels under nice accumulation to me

[09:28] {Threei}  poor LVS

[09:29] {Threei}  ANNOUNCES PRICING OF OFFERING OF COMMON STOCK, PREFERRED STOCK AND WARRANTS

[09:29] {Threei}  - Pricing of its public offering of 181,818,182 shares of common stock (50% of shares oustanding), 5,196,300 shares of its 10% Series A Cumulative Perpetual Preferred Stock and warrants to purchase an aggregate of approximately 86,605,173 shares of common stock at an exercise price of $6.00/shr

[09:29] {Threei}  - The common stock has a public offering price of $5.50/shr

[09:30] {Threei}  FMCN little panic

[09:30] {Threei}  OK{ not so little

[09:31] {dino} ouch fmcn

[09:33] {dino} gap 8696

[09:33] {dino} from 11-6/7

[09:34] {dino} filled

[09:35] {dino} all i have now are above

[09:35] {Threei} Long Setup:  FMCN  9.15 break half lot, stop under 8.90

[09:35] {magoo} in .11

[09:36] {dino} :) same thoughts

[09:36] {dptl} in .15

[09:36] {dino} .10

[09:37] {dino} stop .63

[09:37] {dino} goal 1.00

[09:37] {dawg} in .03

[09:38] {Threei}  takes a bit too long for my taste... hopefully holds 9

[09:38] {magoo} agrree

[09:39] {dino} hard stop, moving on 

[09:39] {Threei}  holding 9 and breaking 9.20 should launch serious recovery attempt

[09:39] {magoo} if mkkt helps

[09:40] {peterg} morning all

[09:40] {Threei}  peter :)

[09:40] {Chaeron} Good morning all... 

[09:40] {Threei}  chaeron :)

[09:40] {Onix} in @ .15

[09:41] {dino} ?what is market help? lol

[09:41] {Chaeron} in FMCN .12

[09:42] {Threei}  honestly trying... market is not very helpful though but given the circumstances FMCN is doing what it can

[09:42] {dino} 8637 dji lows last week fwiw

[09:42] {Threei}  good boy

[09:42] {Threei}  no go

[09:43] {Threei}  and never look back

[09:43] {Chaeron} no go?

[09:43] {lisa_jay} targets vad?

[09:43] {Geo} lol

[09:43] {Threei}  no = now

[09:43] {Chaeron} don't skeer me

[09:43] {dawg} out 1/2 1:2 FMCN

[09:43] {Threei}  first partial or scalp around .40 - .50 lisa

[09:44] {lisa_jay} thanks vad

[09:44] {Threei}  stop can be trailed to under 9

[09:44] {Threei}  held it beautifully

[09:44] {Threei}  half out .44

[09:44] {magoo} i like to see it take 10

[09:45] {dptl} half .40

[09:45] {Onix} out +.32 ty Vad

[09:45] {Threei}  welcome

[09:46] {dino} fmcn tear down that wall

[09:46] {Threei}  if takes .50 now, stop can be trailed to .15

[09:46] {dawg} out .49 last half thank you Vad +46

[09:46] {Threei}  dawg :)

[09:47] {Threei}  little fighter

[09:47] {dino} stop to .55

[09:47] {dino} out .57, +.47 too tight

[09:47] {Threei}  tough read from here guys, leaving ultimate exit to your discretion

[09:48] {lisa_jay} 42c thanks Vad...only took 100 shares.  

[09:48] {Threei}  out .70

[09:48] {dptl} out some more .64...holding last 100 shares........ty Vad

[09:48] {Threei}  lisa :)

[09:48] {Threei}  good job guys

[09:48] {Threei}  and thanks to magoo for bringing it to attention

[09:48] {lisa_jay} I am learning to hold on longer.

[09:48] {lisa_jay} Thanks Magoo.

[09:49] {dino} gj

[09:49] {Threei}  lisa... just don't make it blanket rule

[09:49] {Chaeron} out .71 +$0.59 - great one Vad. Thanks

[09:49] {Threei}  there is time for everytyhing

[09:49] {lisa_jay} Ok.

[09:49] {Threei}  as ese would say... Ch, baby!

[09:49] {Chaeron} lol

[09:51] {dino} uh oh, broke last weeks low

[09:51] {Threei}  I am trying not to watch dino :)

[09:51] {Threei}  hmmm... none of three victorians here

[09:52] {Threei}  am I the only one who is working on this damn island?

[09:52] {dino} would seem that way

[09:53] {Chaeron} ...slackers

[09:54] {Chaeron} hig

[09:55] {dptl} all out now..fmcn :)

[09:56] {Threei}  laser users, do charts load quickly for you?

[09:57] {Onix} yes

[09:57] {Threei}  my connection then

[09:57] {Threei}  ty

[09:58] {magoo} yup

[10:00] {Threei}  CFTC CHAIRMAN TO RETIRE SOON

[10:00] {Threei}  great... now they all retire and we are left in the wake of their mess

[10:04] {magoo} FMCN held 9 well

[10:05] {magoo} as a speak

[10:05] {magoo} sheesh

[10:05] {Threei} Short Setup: UAUA  .80 if stays under .90

[10:09] {dino} gm plan at 2:00

[10:10] {Threei}  CFTC CHAIRMAN: CALLS FOR "MAJOR REGULATORY OVERHAUL," US NEEDS "OBJECTIVES-BASED" REGULATION, ANNOUNCES INTENT TO RETIRE SHORTLY

[10:10] {Threei}  WSJ: FRE AND FNM ARE CURRRENTLY WORKING ON LOAN MODIFICATION PLAN, EXPECTS PLAN TO BE RELEASED AT 2PMET

[10:10] {lisa_jay} Buying vad?  Q

[10:11] {Threei}  still thinking

[10:11] {Threei}  ummm... whatever process goes for thinking in me, lol

[10:11] {lisa_jay} :-)

[10:13] {Threei}  AIG EX CEO: GREENBERG: GOVT MUST MAINTAIN SUPPORT FOR COMPANY, COULD POTENTIALL BE A LONG TIME

[10:14] {Onix} totally unbelievable that a government can invest so many billions in one company

[10:16] {lisa_jay} uaua vad? valid

[10:16] {Threei}  no read lisa

[10:16] {lisa_jay} Ok, thanks Vad.

[10:19] {patience} good morning RT

[10:19] {lisa_jay} Hi Patience.

[10:19] {Threei}  patience :)

[10:19] {Chaeron} Patience :)

[10:20] {Onix} hi patience

[10:20] {patience} hardware problems, will see if fix is stable   :)

[10:26] {magoo} mkts tryinhg here vad

[10:27] {Threei}  not confident yet

[10:28] {lisa_jay} tug of war

[10:30] {dino} waiting it out

[10:31] {Threei}  yeah, very unclear here, want to get better idea of market wants

[10:33] {magoo} lvs a halt i guess

[10:36] {peterg} looking at stox, reminds me of old surfer song, "wipeout"

[10:37] {peterg} For you Canadienses, heard Jesse Cook flamenco guitar last night. fabulosos

[10:38] {Threei}  love his guitar

[10:38] {magoo} Canadienses, ..cardassiens?

[10:38] {peterg} whats the diff?

[10:39] {peterg} transylvanians

[10:40] {peterg} aapl

[10:40] {peterg} sorry, meant to check chart\

[10:49] {Threei}  two more downgrades FMCN

[10:49] {Threei}  they just pile up

[10:49] {Threei}  gang up on poor FMCN

[10:49] {magoo} really..kick me some more

06[10:50] * Geo kicks magoo albeit wondering why.......

[10:50] {Chaeron} FMCN was a brilliant call earlier... prolly going to be Call of the Day...

[10:50] {Threei}  I hope it won't be the ONLY call of the day, lol

[10:51] {dino} yeah.....feels like we will explode one way or they other

[10:51] {Chaeron} Oh hey... Happy Veterans' Day everybody... and to all you service men and women, many thanks for your incredible service.

[10:51] {dptl} ye...slow....was yesterday the same?

06[10:51] * Geo agrees

[10:52] {dino} happy veterans day and thanks

[10:52] {Geo} btw anyone here?

[10:52] {Geo} vet i mean

[10:54] {Threei}  I join in best wishes

[10:54] {Geo} what happenned to CNQR?

[10:55] {peterg} .

[10:56] {Threei}  I see some downgrades, that's all

[10:57] {Threei}  lol, another FMCN downgrade

[10:58] {Geo} i want this job

[10:58] {Threei}  I start feeling like buying it for a long term hold

[10:58] {Geo} read news and add " your opinion"

[11:04] {dawg} dawg takes 26 cents on the short side of GG and is immediately sent to pound

[11:05] {lisa_jay} good job

[11:05] {dawg} thanks lisa it was a DBI 

[11:05] {_maga} gg

[11:06] {lisa_jay} yes

[11:06] {_maga} ops..

[11:12] {Threei}  you shorted 21 break dawg?

[11:12] {dawg} Yes 20.99 

[11:12] {dawg} Valid setup?

[11:12] {Threei}  totally

[11:12] {dawg} ty Vad

[11:13] {Threei}  no, ty

[11:13] {Threei}  way I see it:

[11:13] {dawg} welcome sir

[11:13] {Threei}  I write a book (course, video, watever)

[11:13] {lisa_jay} Blog

[11:13] {Threei}  you read it, learn the way to utilize ,

[11:14] {dawg} my copy of TOTR is getting dog earred

[11:14] {Threei}  start making money of it

[11:14] {Threei}  everyone benefits,

[11:14] {peterg} dawg-eared

[11:14] {Geo} group hug :)

[11:14] {Threei}  what could be more ideal

[11:14] {Threei}  no hugs

[11:14] {dawg} That's what I am trying to do here

[11:14] {Threei}  we are too manly for that

[11:14] {Geo} lol

[11:15] {Threei}  restrained handshake

[11:15] {Threei}  half smile

[11:15] {Geo} TIF AMAT JRCC NOK CEL CNQR BWA

[11:15] {Geo} in 100 shares sim all of them

[11:15] {Geo} little experiment.... i figured.... ill play DBI probablilities and trail til reversal

[11:16] {Threei}  add NVLS

[11:16] {Threei}  DBI, and stays near low while NQ bounced some

[11:16] {Geo} ooh missed taht

[11:18] {magoo} we in anything

[11:18] {Threei}  NVLS short if you are up to slow stock

[11:19] {Threei}  srtop somewhere above .80 - .85

[11:19] {Threei}  watching FMCN for a sharp selloff

[11:19] {Geo} ok i know why i missed that...... it didnt gap 1% on open..... not a valid filter..... just needed something to reduce the alerts.....

[11:19] {Threei}  to jump in

[11:19] {Threei}  I got it from new 52 week lows geo

[11:20] {Geo} ok TY vad.... 

[11:20] {Geo} too many alerts lol

[11:21] {dawg} in NVLS short from 12.74 1/2 lot

[11:21] {magoo} u in fmcn now?

[11:21] {Threei}  GM 65 years low

[11:21] {Threei}  no mags

[11:21] {magoo} ok

[11:22] {Threei}  can't get reliable read on it

[11:22] {magoo} howaboutr RIMM bounce?

[11:22] {Threei}  .50 break...

[11:22] {Threei}  valid try chart wise

[11:22] {Threei}  but I p;ersonally will skip it

[11:22] {Threei}  just don't feel enthusiasm for longs at the moment

[11:23] {magoo} i was thinking closer to 44

[11:23] {magoo} buy pullbk

[11:24] {dptl} vrsn short??

[11:25] {Threei}  .54 if stays under .65, VRSN

[11:25] {dptl} ty

[11:26] {dptl} in

[11:32] {Onix} in ss VRSN .54

06[11:33] * Threei sends VRSN and NVLS dead fish

06[11:34] * KSystems orders one for his coffee as well

[11:34] {dawg} moving NVLS stop to 12.82 risk 4 cents on 500 shares

06[11:34] * Threei smells KS's coffee and faints

[11:35] {lisa_jay} lol.

[11:35] {dawg} ,)

[11:35] {Threei}  oil under 59?

[11:37] {Geo} 59.12 cl

[11:40] {lisa_jay} Vad, was VRSN a reverse cup and handle or a DBI? Thanks.

[11:41] {Threei}  DBI... but, depending on the scale of your chart, you can discern C&H in it too

[11:43] {Onix} out VRSN +.11

[11:43] {dptl} out vrsn +.11 ty

[11:44] {Threei}  :)

[12:03] {Geo} .

[12:04] {dptl} shhhh.......

[12:04] {Geo} sorry

[12:04] {dptl} go back to bed :)

[12:06] {Threei}  GS

[12:06] {Threei}  small shares long

[12:06] {Threei}  .80 break

[12:06] {Threei}  stop under .50

[12:07] {Threei}  invalidated

06[12:09] * Threei slaps laserdave1 around a bit with a large trout

[12:10] {laserdave1} thanks

[12:10] {Threei}  always

06[12:10] * Chaeron slaps laserdave1 around a bit with a large trout

[12:11] {laserdave1} double thanks

[12:11] {Chaeron} my pleasure

[12:11] {Chaeron} you're up Magoo.....

[12:12] {magoo} oh crap..was sleeping

[12:12] {Chaeron} can HIG go any lower?

06[12:12] * magoo slaps laserdave1 around a bit with a large trout

[12:12] {dptl} lol

[12:13] {laserdave1} triple thanks

[12:13] {Threei}  why not chaeron

[12:13] {dawg} stopped NVLS

[12:14] {Threei}  didn't it hit 1:1earlier?

[12:14] {dawg} i was in .74 think it hit .69 was all

[12:14] {dawg} what a dog of a stock

[12:14] {Threei}  I thought I saw .67... but not very material

[12:15] {Geo} hahahaha he said dog

[12:15] {Threei}  lol

[12:15] {_maga} valid breakdown for DELL  ?

06[12:15] * Geo sits back for the show

[12:15] {dawg} you are probably right sort of lost interest so slow

[12:16] {Threei}  hard to tell maga... market lost all signs of activity

[12:16] {Threei}  need it to start doing somewthing

[12:16] {_maga} ok, tx

[12:17] {dawg} i am in GS from 67.30 but only 200 shares long

[12:18] {dawg} OK i am out 67.67

[12:18] {dawg} thanks Vad running scared on that one

[12:18] {Threei}  :)

[12:18] {Geo} being easy on newbies vad

[12:19] {Geo} JRCC

[12:19] {dawg}  i am a nam vet i can take it

[12:19] {Geo} lol

[12:19] {Geo} darnnnn that kills it

06[12:20] * Geo more respectfull

[12:20] {magoo} one heckava chart GS

[12:22] {Threei}  DAVE, DCC

[12:29] {dptl} urbn??

[12:31] {Threei}  no idea dp

[12:31] {dptl} ok ty

[12:32] {dptl} was thinkin...06 break....with.96 stop

[12:33] {Threei}  I understand the setup... I just see this kind of setups as random at this point

[12:33] {dptl} i see...

[12:40] {magoo} prob is mkt stuck in tight range

[12:41] {magoo} better move maybe 2:30

[12:41] {Threei}  Hmmm

[12:41] {Threei}  LEN CEO: GOVT NEEDS TO STIMULUATE HOME PURCHASES, ENVIRONMENT REMAINS 'TOUGH' - CONF COMMENTS

[12:42] {Threei}  stimulate home purchase - isn't it what landed us in this mess in the first place

[12:42] {Threei}  let's create more mortgages destined to fail

[12:42] {magoo} next tell us govt needs to unrestrict crediut

[12:43] {magoo} vad dcc

[12:43] {Threei}  do I have to?

[12:49] {magoo} boy..uman of few words..all response 1 word or less lol

[12:49] {Threei}  less?

[12:49] {dptl} lol

[12:50] {magoo} yup..as in " :) "

[12:50] {Threei}  ah

04[12:54] -} [Threei] PING

[12:54] {dawg} caught another DBI setup in UAUA break .55 out .45 

[12:55] {Threei}  :)

[12:55] {dawg} valid DBI setup?

[12:56] {Threei}  for a scalp, yeah

[12:56] {dawg} because of short base?

[12:57] {Threei}  mostly because market doesn't have any gas

[12:57] {dawg} got it! thanks 

[13:01] {Threei} Long Setup:  LVS  half lot .35 if stays above .20

[13:02] {magoo} in

[13:03] {dawg} in

[13:03] {Onix} in

[13:03] {dptl} in

[13:03] {_maga} in .36

[13:04] {peterg} out at .40, +.06 thks

[13:04] {Threei}  peter isn't joking around

[13:05] {peterg} fear helps

[13:05] {magoo} i hope u took 10k shares

[13:05] {peterg} alas, back on training wheels

[13:07] {Onix} stopped

[13:07] {dptl} stopped

[13:07] {amarg} stopped lvs

[13:07] {_maga} stop

[13:07] {lisa_jay} Peter wins

[13:07] {dawg} stopped LVS

[13:07] {magoo} stopped

[13:07] {amarg} ooh sharp drop

[13:07] {amarg} should be short

[13:08] {Onix} wtg peter

[13:08] {peterg} ty

[13:10] {lisa_jay} Thank God for thight stops.

[13:11] {Chaeron} I thank Vad for teaching them too :)

[13:17] {peterg} Mkt in straightjacket

[13:17] {Threei}  pretty much

[13:18] {lisa_jay} Vad, on the LVS - setup was an Sym triangle (or coiling) with anticipation of breakout?

[13:18] {Threei}  pullback after sharp spike

[13:19] {Threei}  found support, started chewing through resistance

[13:19] {Threei}  formed tight enough range

[13:20] {lisa_jay} Ok, thanks.

[13:22] {amarg} vad, how come on lvs its having multiple orders in qty of 1000's on bid side, but it keeps on going down, shouldn't the price reflect demand

[13:23] {Threei}  that's static picture

[13:23] {Threei}  what matters is dynamic,

[13:23] {Threei}  whether those orders get hit or not

[13:23] {Threei}  if there are a lot of bids but sellers are willing to sell into them, they overcome the support

[13:24] {Threei}  same on offer side

[13:26] {Threei}  see these big offers getting chewed?

[13:36] {Threei}  volume is even lower than yesterday

[13:37] {Onix} what a boring way to spend a holiday

[13:40] {dawg} scalped a dime out of UAUA 12.45 break took awhile to get there

[13:41] {Threei}  :)

[13:41] {dawg} Vad.)

[13:41] {Threei}  from Reagan speech of 1984:

[13:41] {Threei}  t's a far cry from the gloom and doom of just 4 years ago. Sometimes it's hard to remember that only a short time ago people were counting America out. They were claiming that we were a nation in decline, that our best days were behind us. Inflation was running in double digits, robbing working people and the elderly of the value of their savings. Economic stagnation was throwing more and more people out of work and destroying any chance for the poor to better their lot.

[13:41] {Threei}  he auto industry, like the rest of the country, was on the edge of catastrophe. In 1980 alone, the Big Three [Chrysler Corp., Ford Motor Corp., and General Motors Corp.] lost $4 billion. And then came the recession, the culmination of years of too much taxing, spending, and regulating by those who claimed they could spend your earnings better than you could.

[13:42] {Threei}  Well, we've been determined to chart a new beginning for America. And I know that it hasn't been easy. That recession was deeper and longer than predicted. But these problems had been building up for 20 years.

[13:42] {Threei}  We were determined to find a real economic cure, not just resort, as they had so often in the past, to another political quick fix. There've been eight recessions since World War II, and seven of those were treated with quick fixes. There's no compassion in snake oil cures. We weathered that storm together, and now the Sun is shining on a strong economy and on an American automobile industry that is moving forward again.

[13:42] {Threei}  Remarks at the General Motors Assembly Plant in Orion Township, Michigan

[13:44] {Threei}  now, next quote is about how they achieved it

[13:44] {Threei}  citing it just to compare with current plans

[13:44] {Threei}  We went to work to get control of Federal spending that had been increasing 17 percent a year. We've cut that in half.

[13:44] {Threei}  Taxes had more than doubled just between 1975 and 1981, leaving working people paying taxes at a rate that only a short time before had been reserved for the extremely well-to-do. This ever-increasing tax load was driving money away from the private sector that could have been spent buying new cars or investing in new plants and equipment. With a 25-percent across-the-board tax cut, we've prevented the people from being mauled by tax increases, and we've indexed the rates so that ordinary people won't be pushed by inflation into higher and higher tax brackets.

[13:46] {KSystems} you can type fast, man

[13:46] {Threei}  uhhu

[13:46] {Threei}  and look at my spelling

[13:48] {Threei}  the only skill that is sorely lacking is reading comprehension

[13:48] {Threei}  can anyone tell me what that was that I typed?

[13:48] {Chaeron} market frisky...

[13:48] {KSystems} probably means that we have low volume today

[13:48] {Chaeron} don't know what you wrote Vad, but market responding positively

[13:48] {Threei}  oh good

[13:49] {Threei}  want to repost it twice?

[13:49] {Threei}  want me

[13:49] {Chaeron} let's get long first

[13:49] {magoo} yes

[13:51] {Threei}  Qs... can try .91 long

[13:51] {Threei}  stop .84

[13:51] {Threei}  idea is to partial out near 30,

[13:51] {dawg} in

[13:51] {Threei}  and try to hold the rest fro 30 break and, ummm

[13:51] {magoo} in

[13:52] {Threei}  some kind of cross between rally and creep-up

[13:52] {Threei}  or just take scalp

[13:52] {Threei}  whatever is to your liking

[13:52] {Onix} too fast, missed it

[13:52] {Threei}  keeping original plan, out half .99

[13:53] {lisa_jay} Scalped out for 7c thanks Vad.

[13:53] {dawg} out for scalp .99

[13:53] {Threei}  :)

[13:53] {dawg} thanks Vad

[13:53] {Threei}  sure thing

[13:54] {dptl} out half .01 qqqq

[13:54] {dptl} ty

[13:54] {magoo} out here .05 TY bodssarolla

[13:54] {magoo} full lot

[13:54] {Threei}  welcome guys

[13:54] {magoo} easy button

[13:55] {dino}     easy button

[13:55] {Threei}  bodssarolla - is it some kind of East Indian thing, like Bodhisatva?

[13:55] {Geo} All out .07

[13:55] {Threei}  out in full .12

[13:55] {Threei}  +.21

[13:55] {Geo} pesky INET kept sticking on LII

[13:55] {dptl} all out at .12 ty

[13:55] {Geo} thanks vad

[13:55] {Threei}  good job guys

[13:56] {magoo} bodssarolla -

[13:56] {magoo} man o man

[13:56] {Geo} sounds italian

[13:56] {Threei}  lol

[13:56] {Onix} ty Vad, i got 11c in Q's

[13:56] {Threei}  onix :)

[13:56] {Geo} mozarella

[13:56] {Threei}  hey, I studied yoga

[13:57] {magoo} like iltalian noodle

[13:57] {Threei}  in youth

06[13:57] * Geo doesnt want to picture that

[13:57] {Threei}  so my perceptions are influenced

[13:57] {magoo} plate of bodssarolla please..clam sauce

[13:57] {Threei}  6-arms Shiva... Bodhisatva

[13:58] {Threei}  and no need to picture geo... there is much more to yoga than hatha :)

[13:58] {Geo} hehehe

[13:59] {Geo} ic vad gets all spiritual when money is showered upon him

[13:59] {Threei}  wow... cross-breed of rally and creep-up turns into pure rally

[13:59] {Threei}  COIN

[13:59] {Threei}  SIGNS STRATEGIC AGREEMENT WITH ADM FOR TURFGRASS FERTILIZER

[13:59] {Threei}  - Company has entered into a strategic agreement with Archer Daniels Midland Company , to develop lysine-rich, green organic-based liquid and solid fertilizers for use in the professional turfgrass market.

[13:59] {Threei}  - Under the agreement Converted Organics will have access to ADM's patent-pending, lysine-based technology, marketed under the NaturStim trade name, and be allowed to develop, produce and market the Turf Blend organic liquid and granular fertilizers that contain NaturStim products.

[13:59] {Threei}  - Financial terms were not disclosed.{ADM}

[14:00] {Threei}  (RU) RUSSIA SAYS IT WILL CANCEL ITS MISSLE DEPLOYMENT PLANS IF THE US PULLS MISSILE SHIELD FROM CENTRAL EUROPE

[14:01] {Threei}  US TREASURY'S KASHKARI: LONA MODIFICATION PLANS DRAWS ON INDYMAC MODEL

[14:01] {Threei}  {FRE FNM}

[14:01] {dino} playing on obama

[14:02] {Threei}  Kashkari?

[14:02] {Threei}  or Russia? :)

[14:04] {peterg} fre

[14:05] {magoo} trashcanman? 

[14:06] {peterg} the Trashmen: The Bird is the Word

[14:06] {peterg} Started and ended here in Minneapolis

[14:08] {Threei}  US TREASURY'S KASHKARI: BORROWERS WHO CAN AFFORD NEW LOAN EQUAL TO 38% OF GROSS MONTHLY INCOME WILL BE MAILED NEW REFI OFFER; LOAN MODIFICATION PLANS DRAWS ON INDYMAC MODEL, MAY BECOME A STANDARD IN INDUSTRY,

[14:08] {Threei}  - Could see principal reduced, loan life extended

[14:10] {Threei}  FDIC'S BAIR: LOAN MODIFICATION PLAN ANNOUNCED BY TREASURY IS NOT ENOUGH, SOME OF $700B BAILOUT SHOULD BE USED FOR LOAN RELIEF

[14:10] {Threei}  FHFA'S JAMES LOCKHART: ASKS LOAN SERVICERS TO ADOPT THE GSE PROGRAM AS A NATIONAL STANDARD, MORTGAGE SERVICERS WILL RECEIVE AN $800 PAYMENT FOR EACH MODIFIED LOAN

[14:10] {Threei}  {FRE FNM}

[14:11] {Threei}  what the hell is going on

[14:12] {Threei}  bacchanalia of voices, all at once

[14:12] {Threei}  each pulling their own way

[14:13] {Threei}  was there any time on memory when it was so obvious that governing entities have no slightest idea what they are doing?

[14:13] {Onix} they want to change as many as possible "things" before Obama takes office

[14:14] {Onix} and only making things worse

[14:15] {Threei}  and the most depressing thing is, I used word bacchanalia and peter didn't endorse me... should I use "cacophony" as last resort??

[14:16] {peterg} plus lack of transparency where billions/trillions are going, if I understand right?

[14:16] {Threei}  oh yeah

[14:16] {peterg} Does george have an overseas account?

[14:16] {Threei}  that's the most astonishing thing

[14:16] {Onix} going for bonusses for management

[14:16] {Threei}  here is 2 trillions, use it wisely

[14:16] {Threei}  now, show what you did with it

[14:16] {Threei}  nope

[14:17] {peterg} Dick Cheney needs a few more billion; his stock in Halliburton is down a bit

[14:17] {Onix} we went to the spa

[14:17] {peterg} we had lunch

[14:18] {Threei}  decorated?

[14:18] {peterg} new wallpaper in front hall

[14:18] {Threei}  installed dancing pole I'd guess

[14:18] {peterg} Laura can shake that thing

[14:19] {Geo} ewwwwwwwwwww

[14:19] {peterg} truth always huts

[14:19] {peterg} hurt

[14:19] {peterg} hurts

06[14:19] * Geo will trade with his eyes gouged out now

[14:19] {peterg} huts too

[14:19] {Threei}  hunts

[14:19] {peterg} good

[14:21] {Threei}  LVS

[14:21] {Threei}  HEARING DEFENDED AT JEFFERIES(TIMING UNCERTAIN)

[14:21] {Threei}  OK, anyone understands how all those comments fuel this rally?

[14:22] {peterg} nope

[14:24] {Onix} i can not understand how anyone would want to buy anything in this economic climate

[14:24] {Threei}  pne encouraging thing is:

[14:24] {Threei}  one

[14:24] {Threei}  look at the volume on this upward spike vs the rest of the day

[14:25] {Threei}  onix... it will be way too late to buy when economic lcimate is good

[14:25] {Onix} yes, not bad

[14:25] {Onix} so true

[14:25] {Threei}  logic of stock market is different from Aristotle logic

[14:26] {Onix} are we going tond positive after -304?

[14:26] {lisa_jay} Look at ERTS...straight up.

[14:26] {Onix} end

[14:27] {Threei}  that wouldn't even be wide range day by today's standards

[14:28] {Threei}  Aristotle thought reason should come first, outcome second

[14:28] {Threei}  in the market is usually other way around

[14:28] {Onix} yes, we had much wider

[14:29] {magoo} vad we in anything

[14:29] {Threei}  no

[14:31] {dino} i missed it all too

[14:31] {Threei}  well... there was nothing really to iss

[14:31] {Threei}  miss

[14:31] {Threei}  I mean, there was no setup, no chart to read

[14:32] {Threei}  jusat some non-discernable comments, and market goes lalala

[14:32] {lisa_jay} Yes, ramped up really fast....

[14:46] {Threei}  AIG

[14:46] {Threei}  LARGE HOLDERS HAVE REPORTEDLY REQUESTED THE TREASURY AND FED PERMIT COMPANY TO ASSUME PRIVATE CAPITAL AND REMOVE FEDERAL OWNERSHIP AS A RESULT

[14:47] {Onix} great, now the goverment is going to get the $150B returned to them?

[14:48] {Threei}  why do I find it hard to believe

[14:48] {Onix} lol

[14:48] {Threei}  I mean...

[14:48] {Threei}  give me 150 B

[14:48] {Threei}  and try to get it back

[14:48] {Onix} :)

[14:49] {Onix} sorry already spent!

[14:49] {Threei}  you'd have to look for me somwhere on Saturn

[14:49] {dptl} lol

[14:51] {Onix} after bailing out the car companies, i suppose then comes Whirlpool & Maytag etc. because now nobody is buying their machines either?

[14:53] {dino} what about poor cicuit city?

[14:53] {Onix} exactly

[14:54] {Onix} why some and not others

[14:54] {Threei}  it's a bailout galore

[14:54] {Onix} can i go stand in line also?

[14:55] {peterg} gotta be friends w hank

[14:55] {Threei}  he has so many frineds, you can just pat his shoulder and he will think ou are one of them

[14:56] {Onix} lol

[14:56] {peterg} I am very close w. him. Just send me $1,000 and I will give you my card to give to him

[14:56] {hawkfan4} {=going to look for Hank and pat him on the shoulder

[14:57] {Onix} :)

[14:58] {peterg} For $500 more, I will inscribe an introductory bit of praise.

[15:00] {peterg} Dont tell anyone, but Hank is my half-brothrer

[15:00] {Threei}  peter... whatever you do, never ever forget your best friend me

[15:00] {Onix} he is going to be out of a job real soon though

[15:01] {Threei}  for the next 70 days at least

[15:01] {peterg} ok ok, cards for everyone online at Vads

[15:01] {Threei}  we need to get out piece of bailout before jan 21st

[15:02] {Threei}  not that bailouts end on that date, but it's going to be someone else's brother in charge

[15:02] {peterg} Right

06[15:03] * Threei stops paying his mortgage, car leases, utility bills, kids allowance, wife allowance and grocery tabs - gotta have a proof he needs solid bailout

[15:03] {Geo} ummm vad youre in victoria

[15:03] {Onix} good planning

06[15:04] * Threei books tickets to Saturn for the next day after being bailed out

[15:04] {Threei}  yes geo... so?

[15:04] {Threei}  are you going to discriminate against Victorians?

[15:05] {Threei}  or you think we don't have utility bills?

[15:05] {Geo} :)

[15:05] {Threei}  I say bailout in every pot

[15:09] {Onix} 1-minute head&shoulders forming on indexes?

[15:10] {Threei}  quite chaotic

[15:10] {Threei}  I don't think we can derive much from it

[15:12] {_maga} I see many forming C&Hs at daily high  ... look at DELL

[15:12] {Onix} who/what makes these patterns?

[15:12] {Threei}  we do

[15:12] {_maga} I follow the rules explained bu Vad in his book

[15:12] {dptl} prxl??

[15:12] {Threei}  our psyuchology

[15:13] {Onix} you mean i am an artists and i did not know it?

[15:13] {Threei}  but of course

[15:13] {Threei}  maga, on DELL... you mean C&H with break at 11.20?

[15:14] {Threei}  I'd stay away dp

[15:14] {dptl} ok ty..

[15:14] {_maga} I saw it with break at 11.6

[15:15] {Threei}  for 11.6 it never finished forming the handle part

[15:15] {Threei}  cup is formed

[15:16] {_maga} yes is still forming...  and half handle... if not invalidate

[15:16] {Threei}  a bit too deep, IMO

[15:17] {Threei}  I'd prefer it to bottom out around 11.30

[15:18] {Threei}  someone explain to me please

[15:18] {Threei}  I hear from everywhere how badly USA auomakers managed their affairs, build wrong cars etc

[15:19] {Threei}  why is no one talking abiout how unions bled them to death with unfathomable obligations

[15:19] {Threei}  that put them at such financial disadvantage vs TM etc

[15:20] {Threei}  that even though japanes and German automakers built gas-hyngry cars as well

[15:20] {Onix} yes, the unions organized themselves out of a job now

[15:20] {Threei}  it was not an even playing field simply on that basis

[15:21] {Threei}  it's not like everyone stopped buying GM and F cars now but still buys Toyotas

[15:21] {Threei}  they are all experiencing similar drops in sales

[15:22] {Onix} TM just a little less than the others

[15:23] {dino} the unions supported the democrats, they are giving them what they want, simple politics 3i, we support you if you don't let them file bankruptcy and break union contracts

[15:23] {Onix} but they should all have come up with alternativs to combustions engins looooonggg ago

[15:23] {magoo} no need..gas only 2.29 again

[15:23] {Threei}  well... car maker comes out and says,

[15:24] {Threei}  onix,

[15:24] {dino} bingo!

[15:24] {Threei}  here is 20K car

[15:24] {magoo} all those suckers took trade in beating dumping gas guzzling suv's this summer

[15:24] {Threei}  runs on gasoline

[15:24] {dino} wheres the incentive now to push for alt. energy? oil at 20 month lows

[15:24] {Threei}  here is 35K car, runs on something werid

[15:24] {dino} we are a fickle country

[15:24] {Threei}  for which you don't really have viable option to fule it

[15:24] {magoo} volks is unleashing mini car gets 117 mpg

[15:24] {Threei}  questionable battery that is likely to die on you in 5 years

[15:25] {Threei}  now choose please

[15:25] {Threei}  what do you pick? :)

[15:25] {Onix} yes, still way too many uncertainties to sort out

[15:25] {Onix} but they really waited way too long

[15:26] {dino} we have it in natural gas and more drilling, but again, a sub group, environmentalists, are to voting powerful

[15:26] {Onix} now nbody wnts to buy their cars in any case

[15:26] {dino} also we have 250 years of coal

[15:26] {dino} 140 years natural gas

[15:26] {Threei}  Nissan CEO recently said, they have all kinds of alt fuel cars in works,

[15:26] {Threei}  electric, hybrid, something else

[15:26] {Threei}  will start rolling them out in couple years

[15:26] {Threei}  but

[15:27] {Threei}  they all are going to sell at substantial premium.

[15:27] {Threei}  if oil stays where it is now, I just don't see people buying those

[15:27] {dino} and if gas stays down, nobody here will buy them

[15:27] {magoo} hey..did u see honey bunches of oats is now a new cereal..just bunches?

[15:27] {Threei}  except insanely rich with feel of guilt

[15:28] {Threei}  and as customer buyeth so manufacturer maketh

[15:28] {Onix} well, i should no say so much, because i don't even have a car

[15:28] {dino} no, the rich here like big and expensive, don't kid yourself. americans always want bigger

[15:29] {Threei}  sure... big hybrid SUV

[15:29] {magoo} right,,,it ain't they poor fueling mercedes, bmw, porshe frrearri

[15:29] {Threei}  what's wrong with hybrid Lexus

[15:29] {dino} yeah, gets 20 mpg but cost 30k more, i can buy alot of gas for 30k and get the same car, only not hybrid...see

[15:29] {Threei}  exactly

[15:29] {Onix} we use bicycles using bio fuels

[15:29] {lisa_jay} Dawg..did u take any more scalps?

[15:30] {dawg} just watching FITB right now in a trading range about midpoint Lisa

[15:31] {dino} example: i bought dodge durango, because they discounted it 12k, at 15 mpg, 12 k buys me 3-5 years of driving, the hybrig suv was a smaller one at 18k more, for lousy extra 7 mpg's

[15:31] {Onix} we going down to -400?

[15:32] {Threei}  onix... in today's trading anything's possible, no rhyme or reason

[15:32] {Onix} true

[15:32] {Threei}  dawg, FITB reflects market fairly close today

[15:33] {dawg} Yes Vad, heading back to pound here soon

[15:33] {elpaso} Hello, I just received my package last night and am studying diligently.  Do you have anywhere a description of your scanner setup?  I have found the documentation for the scanner and am familiar with it's menus but I have yet to learn the alert types.

[15:34] {elpaso} sorry I thought that was a private message.

[15:34] {Threei}  hehe

[15:34] {Threei}  dcc me :)

[15:35] {dawg} took break of  9.87 Lisa

[15:35] {dawg} FITB

[15:35] {dawg} try for a few cents

[15:36] {lisa_jay} reverse cup & h

[15:36] {dawg} DBI but need to confirm that with the bossman

[15:37] {Threei}  it doesn't look like any animal I know

[15:37] {lisa_jay} :-)

[15:38] {dawg} OK wistful thinking probably end up losing a dime anyway

[15:38] {Threei}  IMO, just follows the market down

[15:38] {dptl}  .... have a good evening all :)  good day....thank you :)

[15:38] {dawg} OK probably end up losing a dime anyway

[15:38] {Threei}  take care dp :)

[15:40] {dawg} be stop

[15:41] {dawg} ok stopped

[15:41] {dawg} be

[15:42] {lisa_jay} Oh well, followed your plan - nice trade.

[15:44] {dawg} Thanks Lisa I am done for the day.  Vad had some good calls today.

[15:45] {lisa_jay} Yes...made good $ early.

[15:45] {dawg} I recall you made some money today also correct?

[15:45] {Onix} wtg lisa!

[15:45] {Threei}  best of them was dialing accidental number and asking politely "hi, this is Hunk, where do you want me to send you your bailout?

[15:46] {Geo} hunk?

[15:46] {lisa_jay} lol.

[15:46] {lisa_jay} Hunk?...Vad?

[15:46] {Threei}  ummm

[15:46] {Threei}  hank?

[15:47] {Threei}  comeon, years of experience should have taught you reading my typing even when I make 4 errors in 4 -letter word

[15:47] {lisa_jay} Dawg the money was all Vad's call.  Mine just suck.

[15:47] {Threei}  did you know that just 5 mistakes turn word bread into word vodka?

[15:47] {dawg} Yes but you hung in there today and didn't take the first few cents right?

[15:48] {lisa_jay} Yup.  A first for me true.

[15:48] {dawg} wtg!

[15:48] {lisa_jay} :-)  Thanks.

[15:48] {dawg} .)

[15:48] {Threei}  good job lisa

[15:48] {Threei}  studying pays off

[15:48] {lisa_jay} Yes.

[15:49] {Threei}  look at CLNE

[15:49] {Threei}  did Pickens lose the touch?

[15:50] {Onix} certainly looks that way

[15:50] {dino} gas fell, no need to do it

[15:51] {dino} we are a very short sighted country

[15:54] {magoo} is this a trading room anymore or a political debate forum like "crossfire" sheesh

06[15:54] * Threei slaps magoo around a bit with a large trout

[15:55] {magoo} YESSSSSSSSS

[15:55] {Threei}  lol

06[15:55] * dino slaps magoo around a bit with a large trout

[15:55] {Onix} you still in STEM Vad?

[15:55] {dino} too many distractions today, i shall do more tomorrow.

[15:55] {Threei}  yes, didn't do anything today that would define any action

[15:56] {Onix} ty

[15:57] {magoo} we hit a couple good ones vad

[15:57] {magoo} q was real nice

[15:57] {Threei}  the first one was the best

[15:58] {Threei}  Ok guys, thank you all

[15:58] {magoo} ty

[15:58] {Onix} ty & bye

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {lisa_jay} Thanks Vad.

[15:58] {dawg} thanks all

Nov 10 0 2008

Low volume, boring and listless. Profitabe but nothing earth-shuttering. Just scalping here and there.Not much to report beyond that.


Session Time: Mon Nov 10 00:00:00 2008

[08:14] {Threei} Good morning
[08:14] {patience} it is still dark outside vad, good morning
[08:14] {Threei} it is...
[08:15] {Threei} but China bailout might help
[08:15] {patience} no kidding, dusting off my china stock plays
[08:15] {Threei} wstching CAEI as possible beneficiary
[08:19] {magoo} morn
[08:19] {Threei} magoo :)
[08:20] {Threei} stem cells are moving
[08:20] {Threei} solars too
[08:20] {magoo} how about premkt gm?
[08:21] {magoo} arrrrrrr...not avail short anymore
[08:21] {magoo} was friday
[08:22] {magoo} why USO up vad?
[08:24] {Threei} Chinese huge infrastructure investment lweighs on USD, lifiting commodities priced in USD
[08:25] {magoo} ok ty
[08:25] {magoo} any news GOOG?
[08:27] {Threei} not really
[08:29] {KSystems} hey :)
[08:29] {Threei} hey KS, good to see you
[08:30] {KSystems} well good to see YOU vad
[08:30] {KSystems} how're things going?
[08:31] {Threei} you mean aside of global financial crisis, planet being destroyed by pesaky habitants etc? Very good! :)
[08:31] {Threei} *(CA) SEPT NEW HOUSING PRICE INDEX M/M: 0.1% V -0.1%E
[08:31] {Threei} (CA) OCT HOUSING STARTS: 211.8K V 200.0KE
[08:31] {Threei} - Prior revised from 217.6K to 218.6K
[08:31] {Threei} see?
[08:32] {KSystems} :)
[08:41] {Threei} FED OFFICIALS: CONFIDENT THAT AIG WILL REPAT ITS DEBTS TO THE US GOV'T
[08:43] {hawkfan4} good morning
[08:43] {Threei} hawk :)
[08:43] {Threei} tried Google's browser over weekend
[08:44] {Threei} probably that's why its up, magoo
[08:47] {hawkfan4} The financial crisis in a nutshell : http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true
[08:49] {_maga} good morning everybody
[08:56] {Threei} maga :)
[09:01] {lisa_jay} Good morning
[09:01] {Threei} lisa :)
[09:02] {Threei} FED OFFICIALS: CONFIDENT THAT AIG WILL REPAY ITS DEBTS TO THE US GOVT
[09:02] {Threei} - Using treasury operations now to aide AIG with tools that were not availabe in Sept
[09:02] {Threei} - Notes that $50B in support largest amount ever provided to single firm by US gov't
[09:02] {Threei} - New facilities take RMB's and CDO's off AIG balance sheets
[09:02] {Threei} - Working on lobbying restrictions for AIG as part of loan restrictions
[09:04] {Threei} CAEI is climbing
[09:08] {Geo} gm vad
[09:08] {Threei} Geo ;)
[09:08] {Geo} any thoughts on trading EEV? :)
[09:08] {Threei} yup
[09:08] {Threei} don't trade it
[09:08] {Geo} hehehe ok
[09:09] {Threei} this is what, emerging markets short ETF?
[09:09] {Geo} ultra yes
[09:10] {Threei} what's with these exotic vehicles... trading them requires reading of the whole world
[09:10] {Onix} good morning all
[09:10] {Threei} Onix :)
[09:10] {Threei} no single soul on the planet has slightest idea where all this is going
[09:11] {Geo} long day today..... my pc isnt booting ......on laptop now.....
[09:11] {Threei} want to be that one genius that nails it?
[09:11] {Threei} I'll wait for you on the shore :)
[09:12] {Geo} whats the laser port again vad?
[09:12] {magoo} 15905
[09:12] {Threei} 15905
[09:12] {Geo} TY
[09:12] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {_maga} Vad , do tape reading principle are applicable to futures?
[09:13] {Threei} as a main idea, sure
[09:13] {Threei} particularities are different somewhat
[09:13] {_maga} ok tx
[09:13] {Threei} more shakeouts, more stop gunning
[09:14] {_maga} more difficult...
[09:14] {Threei} in a way
[09:14] {Threei} I'd put it this way:
[09:14] {Threei} trading futs requires style adjustments somewhat difdferent from stocks
[09:15] {Threei} also, as with any single tool,
[09:15] {Threei} there is a problem of what to do when it trades in a way that doesn't match your system, your approach, yolur method of reading
[09:16] {Threei} you are likely to find a stock that trades on its own merits when market overall is not what your read handles well
[09:16] {Threei} but if you are confined to a single tool, you have no such luxury
[09:17] {_maga} I understand what you mean... you have a single ( or few) chart to work with
[09:17] {_maga} if doesn't fit your way... you haev to wait for the day after..
[09:17] {_maga} at least
[09:17] {Threei} I prefer stocks, with some general market trading sprinkled on top as complementary tool
[09:18] {Threei} in a form of futures, or Qs or QID
[09:18] {ese} good morning...
[09:18] {Threei} ese :)
[09:18] {ese} hey Vad
[09:18] {Onix} hi ese
[09:20] {Threei} be back in 5
[09:25] {Threei} btw, replay is working again, right?
[09:25] {magoo} yup
[09:25] {Threei} k
[09:25] {ese} aaaahhhhhhh....have you ever noticed that coffee tates better in the morning
[09:25] {Threei} lol
[09:25] {ese} thats tastes...
[09:25] {Threei} on watch: CAEI, AIG, GERN, SOLF
[09:25] {Threei} and usual suspects
[09:28] {Threei} GM is going down in flames
[09:29] {cosmo} they needs wings
[09:33] {ese} STEM.....possible long 2.21
[09:34] {ese} invalidted
[09:41] {Threei} Long Setup: FITB .75 if stays above .65
[09:43] {Threei} Long Setup: LVS 7.13 if stays above 7
[09:44] {Threei} FITB over 1:1
[09:45] {Threei} 1:2
[09:46] {Threei} LVS stopped
[09:46] {Onix} ty Vad, i got $45 in FITB
[09:48] {Threei} GS under 10/10 low
[09:54] {Threei} what was that weird spike SSRI
[09:55] {ese} is anyone elses charts not updating properly
06[09:55] * laserdave1 slaps Threei around a bit with a large trout
[09:55] {ese} thats what i mean Vad...charts jumping weird like that....not just SSRI
[09:56] {ese} again MVSN
[09:57] {ese} anyone else having these problems
[09:58] {Threei} don't see anything on anywhere else but SSRI
[09:58] {ese} gotta be something with my data feed then
[10:02] {ese} OK level 2now gone...or very slow
[10:06] {dino} gap fill possibly in making
[10:06] {dino} dji
[10:10] {Threei} Long Setup: UAUA .91 if stays above .80
[10:13] {dino} gs ouch
[10:15] {dino} sm l qld .00
[10:15] {Threei} US TSY KASHKARI: NEAR PLAN TO ALLOW CAPITAL INJECTIONS FOR PRIVATE BANKS
[10:18] {Threei} for such an eventful weekend, market is amazingly quiet
[10:19] {Threei} - US Treasury stands ready to prevenbt systemic failures
[10:19] {Threei} - Sees improvemnts in markets after actions taken by TSY, FED and FDIC
[10:19] {Threei} - Will take months to fund capital purchase transactions
[10:20] {dino} qld stop is lod fwiw
[10:20] {ese} Long STEM 2.09
[10:24] {Threei} UAUA is invalidated btw
[10:24] {Geo} hehe
[10:24] {dino} kbr l .52 stop lod
[10:26] {dino} ctrn bl;ood
[10:29] {ese} out STEM couple of lots....2.21
[10:30] {Threei} wtg
[10:31] {ese} tks...
[10:32] {ese} a quick couple of hundred is good for me today....have an early day....see you all tomorow...
[10:32] {Threei} take care ese
[10:32] {ese} see ya vad
[10:32] {dino} kbr stopped flat, mkt dropping
[10:34] {Threei} market resolved the dilemma of which way to go
[10:34] {Threei} it decided to stay in place
[10:37] {Threei} Short Setup: DIOD 7.04 if big bid is getting hit and if stays under 7.15
[10:41] {dino} fwiw my scanner is all red
[10:41] {Threei} STEM 52 week high
[10:41] {Threei} not something you see often these days
[10:42] {Threei} GERN wakes up too
[10:43] {hawkfan4} AAPL sm 99.45, stop under 99.20
[10:47] {hawkfan4} stopped -.22
[10:48] {hawkfan4} -.27
[10:49] {dino} qld stopped -.36
[10:52] {dino} watching pru, deck, met
[10:53] {dino} cme tagged
[10:56] {Threei} hardcore scalpers can keep DIOD stop above .10
[10:58] {Threei} starts feeling like dump in the making eh?
[11:00] {Threei} watch QID for entry
[11:01] {Threei} closest support with entry around 69 would be around 68.70
[11:01] {Threei} adjust size accordingly
[11:02] {Threei} feels like we are about to get a sizeable flush
[11:02] {Threei} taking QID above 70
[11:04] {dino} feeling same here
[11:05] {lisa_jay} r u in qid vad?
[11:05] {Threei} took 69
[11:11] {Threei} ECB'S ORDONEZ: REQUESTS CAUTION IN ESTABLISHMENT OF STIMULUS PACKAGES
[11:11] {Threei} party pooper... world is stimulus-happy
[11:11] {Threei} it's stimuluses all around
[11:12] {Threei} stop to under .90 QID
[11:14] {Threei} GMAC NOTES THERE IS SUBSTANTIAL DOUBT REGARDING RESCAP'S ABILITY TO SURVIVE AS A GOING CONCERN
[11:18] {dino} gj qid
[11:18] {Threei} ty
[11:18] {Threei} half out QID .70
[11:19] {Threei} WHITE HOUSE: WILL REPORTEDLY CONSIDER ANY PROPOSALS PUT FORTH BY CONGRESS CONSIDERING AUTOMAKERS
[11:20] {Threei} smacks of such desperation
[11:21] {Threei} (US) SPOKESMAN FOR PRESIDENT ELECT OBAMA: THERE WILL BE NO FURTHER CABINET APPOINTMENT ANNOUCED THIS WEEK
[11:21] {_maga} an option is that when the Europe's markets working day is finished US will stops the retracement... it occurred often in the last period
[11:23] {dino} there is of course another option
[11:23] {_maga} sure... which one
[11:23] {dino} as mr t would say...."pain"
[11:24] {Threei} lol
[11:24] {dino} couldn't resist maga
[11:24] {Geo} oh mannn
[11:24] {_maga} no prob.... but I can't understand...
[11:25] {dino} just bustin' thats all, gut says up
[11:27] {Threei} QID balance stop is just under 69
[11:27] {Threei} anyone took it btw?
[11:27] {dino} hl l met .15, stop .89
[11:27] {Onix} too crazy for me, sorry
[11:28] {dino} kbr l .48, stop lod
[11:30] {dino} why did you give back somuch vad?
[11:31] {dino} alrighty then
[11:31] {Threei} just different idea of the play
[11:31] {Threei} no trailing for second half, except to b/e
[11:32] {Threei} with attempt to hold it for big size move
[11:32] {dino} i would've trailed tightly once i had .50 on it, and tighter as it went
[11:32] {dino} different ideas
[11:32] {dino} good call in any case
[11:32] {Threei} that's what I usually do
[11:35] {dino} sm l pru .90, stop .47
[11:36] {dino} hmm fast drop
[11:37] {_maga} look at UAUA
[11:37] {Threei} I don't want to
[11:38] {Threei} I know I am going to hate what I see
[11:38] {lisa_jay} lol
[11:38] {Threei} yeah... I was right
[11:38] {_maga} that's better
[11:38] {Threei} why did I look
[11:38] {_maga} solf
[11:39] {_maga} sorry I type the "chat" instead of the "chart"
[11:39] {Threei} if market tunrs around, SOLF is half lot long on 7 break
[11:40] {Threei} but only if we see market strength, higher highs and lows
[11:40] {Threei} this slow churn is not an environment for this type of plays
[11:41] {Threei} btw, ayone played DIOD?
[11:41] {Threei} worked for 1:1 for scalpers
[11:41] {Threei} still in the money
[11:41] {Onix} missed it
[11:44] {lisa_jay} Me too...missed all plays today. Had platform problems carry over from Fri...up and running right now.
[11:45] {dino} missed most of morning here, r.e. issues
[11:45] {Geo} same here...... hardware issues.
[11:45] {_maga} GERN ... couldn't be a candidate too?
[11:47] {Threei} if stem cells sector gets more attention
[11:47] {_maga} tx
[11:47] {Threei} QID over 70
[11:47] {dino} met stopped
[11:47] {Threei} why did I trail that stop at all, lol
[11:48] {dino} kbr stopped
[11:48] {dino} hmmm
[11:49] {dino} you trailing tighter now?
[11:49] {Threei} stopped on that balance and never reentered'
[11:49] {dino} ok
[11:49] {Threei} call me an idiot
[11:52] {dino} i'll owe it to you
[11:52] {dino} dji gap filled
[11:56] {dino} 'pru stopped lots of stops so far
[11:59] {Threei} QID 71 break long
[11:59] {Threei} if stays above .75
[12:03] {dino} dow l .98
[12:08] {Threei} Long Setup: QQQQ
[12:08] {Threei} .01
[12:08] {Threei} stop under 30.90
[12:12] {Threei} 1:1
[12:12] {Geo} out half .11
[12:12] {Threei} take scalp or half out, stop to .99
[12:13] {Threei} what's with LVS
[12:14] {dino} dk
[12:15] {dino} earnings call at 4
[12:17] {Threei} wow
[12:18] {Geo} 1/4 out at 1.5.. .16
[12:24] {Geo} out 1/4 .99
[12:24] {Geo} TY vad
[12:24] {Threei} welcome
[12:33] {KSystems} ZB s 117.15
[12:33] {KSystems} stop 117.21
[12:37] {Threei} C nears 11.30 low from last week
[12:37] {Threei} and 52 weeks
[12:37] {Threei} worth a try short if stays below .40
[12:41] {lisa_jay} trigger is under .30 vad?
[12:41] {Threei} .30
[12:41] {lisa_jay} thanks
[12:47] {Threei} Long Setup: LVS .70 break half lot
[12:48] {Threei} stop under .60
[12:50] {Threei} no worky
[12:50] {lisa_jay} Stopped.
[12:50] {KSystems} but C is
[12:53] {Onix} ss C @ .32
[12:58] {Threei} dino was right
[12:58] {Threei} the onl;y thing is store for today is pain
[12:58] {Threei} is = in
[12:58] {Threei} and more pain
[12:59] {Threei} sprinkled with some boredom on top
[12:59] {Onix} so true!
[13:01] {Onix} must be one of the lowest volume days in a long while
[13:01] {Threei} I'd think you can trail C to .36
[13:02] {Threei} very low so far, yes
[13:12] {lisa_jay} uaua vad?
[13:12] {Threei} I don't understand it today
[13:12] {lisa_jay} Ok, thanks.
[13:12] {Threei} it looks more like long candidate
[13:13] {Threei} but hard to imagine it going up against the market
[13:19] {Onix} stopped C
[13:20] {Threei} you haven't covered any around 1:1?
[13:20] {lisa_jay} Stopped C -4c
[13:20] {Onix} i had it on 11.22 and it turned up on 11.23
[13:20] {Threei} with your entry it was 1:1
[13:21] {Onix} too greedy?
[13:21] {Threei} with the way market trades today...
[13:21] {Threei} I'd say anything beyond 3 cents consitutes too greedy :)
[13:21] {lisa_jay} Today yes.
[13:22] {Onix} :)
[13:22] {Onix} on 200 to 400 shares, 3c is not really worth it
[13:23] {Threei} well, 3 cents is exaggeration
[13:23] {Chaeron} 2 cents? :)
[13:23] {Threei} lol
[13:23] {Chaeron} hi all... been busy.. wasn't trying to be rude
[13:23] {Threei} you don't have to try
[13:24] {Threei} to some it comes naturally
[13:24] {Onix} lol
[13:24] {Chaeron} sigh... it's a gift...
[13:24] {Threei} I know
[13:24] {Threei} I am very gifted
[13:24] {Chaeron} you were blessed abundantly yourself with it too
[13:24] {Chaeron} lol
[13:24] {Threei} exactly... that's how I know yoy when you see you
[13:24] {Threei} umm
[13:25] {Threei} let me try again
[13:25] {Chaeron} yeah... ok
[13:25] {Threei} that's how I know you when I see you
[13:25] {Threei} there
[13:25] {Threei} see?
[13:25] {Threei} just two attempts
[13:25] {Chaeron} :)
[13:25] {Threei} peter will be proud of me
[13:25] {Threei} used to take me 5 tries
[13:34] {Threei} how (*%#)&@# the market should be if the only stock looking good is STEM??
[13:35] {Threei} chaeron... you want to add to my rudeness?
[13:35] {Threei} or you are so rude you'll leave me alone?
[13:36] {Onix} unfortunately, i can't scream too loud over here
[13:36] {Threei} as old russian joke went... use the phone? :)
[13:37] {magoo} they have phones in russia}?
[13:38] {Threei} and TVs
[13:38] {Threei} some even color
[13:38] {magoo} black and white right
[13:42] {Threei} market keeps me way too careful today, sometimes to the disadvantage
[13:42] {Threei} was very tempted to call STEM long around .20
[13:47] {KSystems} i cant believe I'm still in that ZB short
[13:48] {KSystems} *sigh* my machine cant brew coffee in such volumes that I need to stay awake
[13:49] {lisa_jay} What is a ZB?
[13:49] {KSystems} it's the 30years T-Bonds future
[13:49] {lisa_jay} Oh, ok...went right over my head..but thanks.
[13:50] {lisa_jay} I understand the coffee issue though :-)
[13:50] {KSystems} and it's the more important part as well! =)
[13:50] {Threei} lol
[13:53] {Threei} get a feeling we are about to see some relief rally?
[13:54] {Threei} well, rally may be too strong word
[13:54] {Threei} but some creep-up
[13:54] {Onix} creepy-crawly
[13:54] {Threei} Long Setup: DELL .81 if stays above .70
[13:55] {Threei} Long Setup: ADBE as close to 25 as you can get, stop under 24.90
[13:56] {Threei} relief or releif?
[13:56] {Threei} wgere is peter
[13:56] {magoo} relief
[13:56] {Threei} he beat us up for wierd
[13:57] {Threei} so now I can't even type field without looking over my shoulder
[13:58] {dawg} in DELL long .81
[13:58] {magoo} yeah..i know..been rea;l careeful here wiyth spelling
[13:58] {Threei} ADBE got away
[13:58] {dawg} yes it did
[13:58] {Threei} I can see that mags
[13:59] {Onix} in DELL @ .79
[14:09] {dino} ok what did i miss
[14:09] {Onix} took profits too soon this time in DELL: 8c + 10c
[14:09] {Onix} kept 100 shares going
[14:10] {dawg} out 1/2 Dell 1:1
[14:10] {dino} gj
[14:10] {dawg} hello dino tough day
[14:12] {dino} sidetracked for most part
[14:12] {dawg} .)
[14:13] {lisa_jay} Thanks Vad, got 9 and 7c in Dell
[14:13] {Threei} welcome
[14:13] {Onix} thanks Vad, all out DELL
[14:13] {Threei} :)
[14:14] {dawg} in DELL Vad?
[14:14] {Threei} took scalp
[14:15] {dawg} any price target for my last 1/2?
[14:15] {Threei} honestly, no idea
[14:15] {dawg} i'm out then
[14:15] {Threei} I am content with scalps at this point
[14:15] {Geo} all out .92
[14:16] {dawg} .93 OK thanks Vad
[14:16] {Geo} what a sad listless day
[14:16] {Onix} yes we are all crying
[14:16] {Geo} still neg for day
[14:16] {Onix} very sad
[14:16] {Threei} yeah, it's like market was firmly intending to drop big today,
[14:16] {Threei} then this chinese bailout gave it pause,
[14:17] {Geo} y
[14:17] {Threei} not enough to prop it up muc just barely enough to keep it from flush
[14:17] {Threei} so it's still thinking
[14:17] {Threei} but initial burning desire to drop slowly takes over, lol
[14:18] {Onix} took holiday today in the hope of something good happening in the market ... no luck so far
[14:19] {dawg} short DELL .87
[14:21] {dawg} out .81
[14:22] {dawg} 6 cent scalp
[14:22] {Threei} Scalpers R Us
[14:22] {dawg} Yes they are!
[14:24] {dawg} Or yes we are
[14:34] {dawg} short C .25
[14:40] {dawg} stopped C -5 cents
[14:48] {dino} dow stopped -.30]
[14:50] {lisa_jay} Vad, was that a reverse C& handle on QQQQ (with .63 as break), thanks.
[14:51] {Threei} yup
[14:57] {Threei} (RU) RUSSIAN PM PUTIN: RUSSIA NEEDS GREATER INFLUENCE ON OIL PRICES, RECOMMENDING A MONTHLY REVIEW OF OIL EXPORT TAXES
[14:57] {Threei} - Note: Russia reportedly was evaluating an MoU with OPEC last week for greater cooperation
[15:00] {dawg} in Qid 72.51 100 shares
[15:01] {dawg} out .02
[15:01] {Threei} good one
[15:01] {Onix} great job
[15:01] {dawg} watching it like a hawk
[15:01] {dawg} thanks Vad, Onix
[15:03] {hawkfan4} that's how i watch everything :)
[15:04] {dawg} and I am a fan of yours hawk
[15:04] {Geo} sheesh
[15:04] {Geo} slow day :)
[15:04] {lisa_jay} Hawk, R u still in COIN?
[15:04] {dino} gj dawg
[15:04] {hawkfan4} lol, thx dawg
[15:04] {dawg} thanks dino!
[15:05] {hawkfan4} still in 1/3, but sold most 7.10 this morning lisa
[15:05] {dino} fcx sm l .65
[15:07] {dino} sm pru l .10
[15:12] {dawg} long DELL 11.75 small lot
[15:15] {dawg} out DELL 11.80 5 cent scalp
[15:17] {Onix} better than a sharp stick in the eye
[15:17] {Geo} hows day off going onix?
[15:17] {dawg} tired of chewing on my tail
[15:17] {Threei} lol
[15:17] {dawg} .)
[15:18] {Onix} round and round we go to nowhere
[15:23] {Threei} NQ is trying for new low
[15:23] {Threei} but I somehow don't get a feel of selloff coming
[15:24] {Threei} maybe because of ridiculously low volume
[15:25] {Onix} on daily it looks like first day of the next leg down?
[15:26] {Threei} not really
[15:26] {Threei} look at last three days
[15:26] {Threei} red green red
[15:27] {Threei} all bottomingg (so at least) at the esame level
[15:27] {Threei} and volume goes lower and lower each day
[15:27] {lisa_jay} People are expecting the reverse head and shoulders pattern on indexes.
[15:27] {Threei} typical undecisive pattern
[15:27] {Threei} can resolve any way
[15:27] {Threei} technically yes, lisa's correct
[15:28] {Threei} H&S is shaping up
[15:28] {Onix} ty Vad, learning every day
[15:29] {Threei} it's just that so much uncertainty weighs on market
[15:29] {Threei} autoindustry... more bank troubles... new adminustration
[15:29] {amarg} on a reverse H&S graph, how long are u plotting lisa?
[15:29] {dino} heads...we go up
[15:29] {Threei} and tails..?
[15:30] {dino} down
[15:30] {Onix} between our legs
[15:30] {dino} ready?
[15:30] {Threei} wait
[15:30] {Threei} I need a third option
[15:30] {Threei} what is coin remins in the air?
[15:30] {lisa_jay} Amar...not me..just reading what others are saying.
[15:30] {dino} heads it is
[15:31] {Threei} guys, decide on your rsik tlerance,
[15:32] {Threei} I am mentioning my trade but by no means calling it for you
[15:32] {Threei} taking some STEM overnight
[15:32] {magoo} jesus..good flip/system
[15:32] {Threei} hey, it works
[15:32] {Threei} dino, caould youi put your elbow in magoo's ribs on my behalf?
[15:32] {dino} sure
[15:32] {Threei} thank you
[15:34] {Geo} lord vader,,,, we still believe in you
[15:34] {Geo} any calls? :D
[15:34] {Threei} still?
[15:34] {Threei} did I do something to put you on high alert?? :)
06[15:34] * Geo is trying to pry vad from monastry
[15:34] {Threei} my feeling is, mild recovery toward the end of the day
[15:35] {Threei} nothing dazzling
[15:35] {Threei} LVS again
[15:38] {dino} china investment rumor lvs
[15:40] {dino} selling picking up
[15:40] {dino} what the?
[15:40] {dino} it's a "zippy" market
[15:41] {Threei} typical for low volume...
[15:41] {dino} thinl alan from 2 1/2 men, no sense at all
[15:41] {dino} think
[15:41] {laserdave1} magoo dcc when u get a sec
[15:45] {magoo} after bell ok?
[15:45] {Threei} watching if we get Qs pullback to .60 for entry
[15:45] {Threei} in .55
[15:45] {dino} well, if nothing else another 400 pt range dji
[15:45] {Threei} stop under .50
[15:46] {Threei} can I sacrifice 6-7 cents for the common good on last minutes?
[15:47] {dawg} in .61
[15:47] {Threei} you decided to sacrifice 12?
[15:47] {Threei} that's the spirit
[15:47] {dawg} no 10
[15:48] {dawg} .10
[15:48] {Threei} self-sacrifices will be expected from all of us
[15:48] {Geo} Qs closing time vad?
[15:48] {Geo} in .57
[15:48] {Threei} hmmm
[15:48] {Threei} never thought about that, lol
[15:48] {Threei} it's a nasdaq-traded one
[15:48] {Geo} i guess open extended
[15:48] {Threei} I don't expect itt o be any different
[15:50] {Threei} out
[15:50] {Threei} +.13
[15:50] {Onix} gj
[15:50] {dawg} wtg Vad
[15:50] {Geo} heheh all out back in blackkk
[15:51] {Threei} so far dino's coin was right
[15:51] {Geo} .11 TY vad
[15:51] {dawg} out with .71 10 cents thank you Vad
[15:51] {Threei} up, and nothing too earth-shaking
[15:51] {dawg} still going
[15:51] {Threei} weclome sit
[15:51] {Threei} wow
[15:51] {Threei} really
[15:51] {Threei} that's low volume market fior ya
[15:51] {Geo} tough day today..... even my ahem..... quant positions sucked
[15:51] {Threei} STEM is up 12 cents from my entry
[15:51] {Threei} holding
[15:52] {dawg} overnight?
[15:52] {Threei} yes but please
[15:52] {Threei} don't follow blindly
[15:52] {Threei} overnight is overnight, risk is much higher
[15:52] {Geo} Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.
[15:52] {Geo} lol
[15:52] {dawg} OK change of plan
[15:53] {Geo} oh mannnnnnn Qs
[15:53] {Threei} having traded STEM as far back as 2001 I think...
[15:53] {Threei} I belueve when there are movements at law-making level concerning setm cells, it has momentum carrying over some time
[15:54] {dawg} also got another 7 cents in DELL scalp
[15:54] {Threei} but you need to be willing to hold it for a swing
[15:54] {Threei} so dfon't touch it if you are not
[15:54] {dawg} staying away
[15:54] {Threei} you are getting good hand at scalping footwork
[15:54] {Threei} stay with your comfort zone
[15:55] {Threei} especially in this market
[15:55] {dawg} thank you Vad staying small great teacher
[15:55] {dawg} thru for the day going to find a car to sleep under
[15:55] {Threei} lol
[15:55] {hawkfan4} lol
[15:55] {cosmo} i stay under my bed sometimes
[15:56] {Threei} I regularly find a cat there
[15:56] {Threei} and it fights me for the space
[15:56] {Threei} so not an option for me
[15:56] {cosmo} get a dog
[15:56] {Geo} sheesh
[15:56] {Threei} so they both could fight me?
[15:56] {Geo} must be a bad day all around
[15:56] {Geo} no more holidays onix !!!
[15:56] {Threei} lol
[15:56] {Threei} let me see
[15:57] {Threei} well
[15:57] {Threei} I am up 3356.56
[15:57] {Threei} sorry
[15:57] {Threei} 356.56
[15:57] {Geo} wot????????????
[15:57] {Geo} ok
[15:57] {Geo} up 26 :)
[15:57] {Threei} too many 3s
[15:57] {Threei} so nothing to qwrite home about
[15:57] {Geo} Qs saved my behind
[15:57] {Threei} jeez
[15:58] {Threei} what'/s with typing
[15:58] {Threei} 336.56
[15:59] {Threei} OK guys, thank you all
[16:00] {dino} out pru flat, holding fcx
[16:00] {Geo} Ty vad
[16:00] {Threei} glad we hold the low
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} maybe we have a chance for uoward to resume
[16:00] {Threei} although with this volume, anything can happen
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {KSystems} Good night Vad
[16:02] {dino} will be light tomorrow, no bond ,market
[16:02] {Onix} ty all, bye
[16:02] {dino} veterans day
[16:07] {dino} gm all