Nov 19 2008

Another miserable day for the markets. Trading is choppy. A few good trades, a few stops, then couple nice hits on GS and UAUA made a day profitable at about average level. But fun it isn't, too much like work

Session Time: Wed Nov 19 00:00:00 2008

[08:01] {magoo} morning comrades

[08:06] {Threei}  good morning

[08:11] {magoo} :)

[08:12] {Threei}  I see yesterday's last minutes action has all observers puzzled

[08:15] {magoo} really...q's powered up hard afterhours

[08:16] {magoo} news FSLR vad?

[08:19] {Threei}  11/19/08 08:01am

[08:19] {Threei}  [FSLR] First Solar Inc. Price Target lowered to $120 from $170 at Friedman, Billings, Ramsey, maintains market perform rating

[08:20] {Threei}  also in this sector, LDK reported earnings

[08:20] {Threei}  06:10am [LDK] Reports Q3 $0.77 v $0.71e, R $541.8M v $486.7Me

[08:29] {magoo} ty

[08:30] {Threei}  OCT CONSUMER PRICE INDEX M/M: -1.0% V -0.8%E;

[08:30] {Threei}  CPI EX FOOD-ENERGY M/M: -0.1% V 0.1%E

[08:31] {Threei}  - CPI y/y: 3.7% v 4.0%e

[08:31] {Threei}  - Core CPI Y/Y: 2.2% v 2.4%e

[08:36] {Threei}  SAUDI OFFICIAL : OWNERS OF HIJACKED SHIP ARE NOGOTIAING RANSOM

[08:37] {Threei}  that's it

[08:37] {Threei}  magoo... I will take care of eye patches

[08:37] {Threei}  get a few parrots

[08:37] {Threei}  chaeron will bring wooden legs

[08:37] {Threei}  we need to change careers

[08:38] {magoo} pirates extoted 50 million last year

[08:38] {magoo} in ransom...lucrative

[08:39] {Threei}  don't you find it hard to believe this can go on in modern world for any period of time excedding couple months?

[08:40] {Threei}  I mean, everyone knows who they are and where they strike

[08:41] {magoo} hell, they see where the saudi tanker is currently anchored

[08:41] {Threei}  yeah, it's not like you can hide oil tanker, lol

[08:50] {Threei}  IRANIAN PRESIDENT: IRAN WILL MOVE AHEAD WITH NUCLEAR PROGRAM

[08:51] {magoo} unless we give the 45 billion of TARP

[08:51] {Threei}  but then we won't have enough for pirates

[08:55] {magoo} goldman ups rimm target to 68

[08:55] {magoo} he he..timing uncertain

[08:55] {Threei}  but of course

[08:55] {Threei}  is there anything in life with certain timing?

[08:56] {magoo} im certain today i will be mad at one of your calls..its a certainty lol

[08:57] {Threei}  MPEL

[08:57] {Threei}  HEARING SHARES RAISED TO BUY AT UBS

[08:57] {Threei}  yes, but can you tell me WHEN it's going to happen?? :)

[08:58] {lisa_jay} Good morning everyone.

[08:58] {Threei}  lisa :)

[08:59] {magoo} i can..u been misdsing your second call everyday

[09:00] {Threei}  hmm?

[09:04] {magoo} im teasing u lol

[09:04] {hawkfan4} gm all

06[09:05] * magoo slaps Threei around a bit with a large trout

[09:05] {magoo} there,..feel better?

[09:06] {KSystems} Good morning!

[09:06] {Threei}  hawk, ks :)

[09:06] {Threei}  I still think the timing of you getting mad at me is uncertain

[09:06] {Threei}  unless you can tell me it's going to happen at, say 11:12 am

[09:07] {Geo} gm

[09:07] {Threei}  geo :)

[09:08] {magoo} its going to happen 2 minutes after your second trade..OK?

[09:08] {Threei}  ah OK

[09:08] {Threei}  conditional timing

[09:09] {magoo} so if u refuse to make more than 1 call today..u may think..hey magoos not mad

[09:09] {magoo} but wrong..because then i am mad that u are not doing anything

[09:09] {magoo} so heck,,make the call..i get mad...we move on he he

[09:09] {Threei}  complicated...

[09:10] {magoo} im a complicate guuy

[09:10] {Threei}  can you just get mad at me now, so we get it out of the way?

[09:10] {magoo} i am starting too he he ..yes

[09:10] {Geo} sheesh you guys bicker like old BFFs

[09:10] {KSystems} BFF?

[09:10] {Geo} best friends forever

[09:10] {KSystems} ahhh

[09:10] {cosmo} psyco-drama .... good therapy

[09:10] {Geo} there is a show on MTV

[09:11] {Geo} i want to be paris hilton's BFF

[09:11] {Geo} watch it for american culture K

[09:13] {ese} good morning everyone.........just call me Mr observer these days..........it's a music teachers lot in life at this time of the year

[09:14] {Geo} hey ese

[09:14] {ese} geo

[09:14] {Threei}  ese :)

[09:14] {ese} morn vad

[09:14] {dptl} good morning all

[09:14] {Threei}  dp :)

[09:15] {ese} dp......

[09:15] {dptl} :)

[09:16] {Onix} Good morning all

[09:16] {ese} onix

[09:17] {Threei}  onix :)

[09:17] {dino} gm all

[09:17] {Threei}  dino :)

[09:17] {Onix} hi dino

[09:18] {dino} :)

[09:19] {dino} i guess w/these pirates, if you steal big enough "prize", owners will pay rather than lose lose it. sort of like mafia, pay for protection

[09:25] {cosmo} osip,idmi,teva...Pharm stocks

[09:26] {lisa_jay} Premarket movers Cosmo?

[09:26] {cosmo} looks like

[09:26] {cosmo} checking

[09:26] {lisa_jay} CMCSA

[09:27] {cosmo} # Teva gets FDA approval for generic asthma drugAP(Wed 8:47am)

[09:27] {Threei}  TEVA's FDA approvals rarely mean something

[09:27] {Threei}  majority of them are for diff dosage

[09:28] {cosmo} hmm

[09:28] {lisa_jay} Ok, thanks Vad

[09:34] {magoo} vad, rimm bounce somewhere?

[09:34] {Threei}  off 47 seems right, just need NQ help

[09:37] {magoo} in .65

[09:39] {magoo} weird pullbk

[09:39] {magoo} naz up

[09:40] {magoo} stopped

[09:40] {magoo} wtf

[09:43] {wishbone} gm all

[09:43] {Threei}  wishbone :)

[09:45] {Threei} Long Setup:  PAAS  .50 break half lot

[09:46] {Threei}  stop under .40

[09:47] {magoo} man-0-man..fslr losing 100

[09:47] {dptl} stopped paas

[09:48] {lisa_jay} Stopped -12c

[09:49] {Threei}  GNW

[09:49] {Threei}  HEARING JP MORGAN MAKING POSITIVE COMMENTS ON LIKELIHOOD THAT GNW WOULD RECEIVE TARP FUNDING (TIMING UNCERTAIN)

[09:50] {lisa_jay} Paas going now

[09:51] {ese} everthing i'm looking at looks like the market trying to squeeze blood from a stone....... 

[09:51] {cosmo} tulip...

[09:51] {ese} that too

[09:51] {lisa_jay} PAAS sigh

[09:54] {magoo} same ole chop 

[09:54] {lisa_jay} yup

[09:57] {Geo} maan PAAS stopped for a cent

[09:58] {Threei} Long Setup:  C  .96

[09:58] {Threei}  if stays above .85

[09:59] {magoo} full?

[09:59] {Threei}  with this size of stop, sure

[09:59] {magoo} in

[10:00] {Threei}  FED'S KOHN: SPENDING V SAVING IMBALANCE A ROOT CAUSE OF CRISIS, NOT NECESSARILY LOSS IN CONFIDENCE - Q&A

[10:00] {Threei}  - Decisions on additioanl IMF funding should come from local governments

[10:00] {Threei}  - BoC will not act on 'auto pilot' throughout the crisis

[10:01] {dptl} out +.10 c ty

[10:01] {Threei}  welcome

[10:02] {Threei}  gold and silver related stocks on a rampage

[10:02] {tomg} ty C vad

[10:02] {magoo} ty c vad..out

[10:02] {Threei}  PAAS, SSRI, GG

[10:02] {Threei}  welcome guys

[10:04] {Threei}  RIMM... what the hell was that

[10:05] {lisa_jay} Look at C go...nice

[10:05] {Onix} out C .08 ty Vad

[10:06] {dino}  sm dia l .50

[10:07] {Threei} Long Setup:  ADBE  .50 break if stays above .40

[10:08] {lisa_jay} In

[10:09] {Threei}  GM SPOKESPERSON: WILL HALT PRODUCITON IN THAILAND FROM MID DED-JAN

[10:10] {Threei}  over 1:1

[10:10] {lisa_jay} Thanks Vad got 10c

[10:10] {Threei}  I am still trying to squeeze more, half out

[10:10] {Threei}  stop under b/e

[10:10] {magoo} me too

[10:11] {lisa_jay} Nice

[10:11] {Threei}  1:2

[10:11] {lisa_jay} Almost 1:3

[10:11] {dptl} out adbe ty

[10:11] {Threei}  :)

[10:11] {dino} dia stop to b/e

[10:12] {magoo} out here TY

[10:12] {tomg} thanks vad

[10:12] {Threei}  welcome guys

[10:12] {Geo} got both in a row TY vad

[10:13] {magoo} oh oh

[10:13] {magoo} im not mad at second trade

[10:13] {Threei}  we have a problem magoo

[10:13] {Threei}  that's what I just thought about

[10:13] {Threei}  your timing is OFF!!!

[10:13] {Threei}  big time

[10:13] {Threei}  so stop sniping at those poor analysts

[10:15] {Threei}  let's assume we are in sustained uptrend for now and try to get pullback entry

[10:15] {Threei}  .65 area for Qs

[10:15] {magoo} agree..we are WAY oversold

[10:16] {magoo} yesterdays up still was neg 2:1

[10:16] {Threei}  wait for pause and reversal

[10:16] {Threei}  not price alone

[10:17] {Threei}  in

[10:17] {Threei}  stop under .60

[10:19] {Threei}  MICHIGAN SENATOR LEVIN: CONGRESS AGREES AUTOMAKERS NEED HELP, BUT HAVE YET TO AGREE ON WHAT THE SOURCE OF THE BRIDGE LOAN SHOULD BE

[10:19] {magoo} in .79..u?

[10:19] {Threei}  ??

[10:19] {magoo} adbe

[10:19] {dino} out dia .90, +.40

[10:19] {Threei}  I am not in ADBE

[10:20] {Geo} out

[10:20] {dptl} ah...stopped q's

[10:20] {dino} blast off 70 drop 70

[10:20] {lisa_jay} Stopped  -8c.

[10:20] {dino} 60-70-80 was yesterday

[10:27] {Onix} stopped Qs

[10:28] {dino} waiting for dia at .25

[10:29] {Threei}  bounce off .50 Qs

[10:30] {Threei}  worth a try with stop right under

[10:31] {Threei}  not holding support

[10:32] {dino} cx dia

[10:32] {dino} wait at .15

[10:35] {Threei}  DOE CRUDE: +1.6 V +1ME;

[10:35] {dino} darn, .25 was correct

[10:35] {Threei}  GASOLINE: +540K V UNCH. EST.; DISTILLATES: -1.47M V +700KE;

[10:35] {dino} sm l .15 dia

[10:36] {dino} stop is lod

[10:38] {dino} waiting at .55 dia, scalp day

[10:41] {magoo} so far..mkt disappoinrts {as usual}

[10:41] {hawkfan4} sigh

[10:41] {Threei}  or jusrt forms a flag

[10:41] {dino} move sell to .65

[10:42] {dino} feels up

[10:42] {magoo} someday..like in 89 yrs..its going to pop..breathe and actually resume upward for 1 day

[10:42] {Threei}  NQ is 15 points from high

[10:42] {Threei}  what is it, any significant drop by any standard, let alone by todays?

[10:42] {dino} then again

[10:43] {Threei}  .30 nearest support for Qs to watch

[10:44] {Geo} .31 lod

[10:45] {Threei}  in

[10:46] {Threei}  stop under .20

[10:46] {dino} dia stopped .72 -.43

[10:47] {Threei}  DEPT OF HOMELAND SECURITY: RECENT AL-QAEDA MESSAGE INDICATES NO ADDITONAL THREAT

[10:48] {Geo} vad dcc when you out of position pls

[10:50] {Chaeron} Hi all

[10:51] {Threei}  chaeron :)

[10:51] {magoo} chaer:)

[10:52] {magoo} i dunno..thats p[retty ugly Q chart

[10:53] {Threei}  tries for double bottom

[10:55] {lisa_jay} nope

[10:56] {magoo} look at the difference of run up vs decline

[10:58] {dino}  stepping aside

[10:58] {lisa_jay} Dell is holding at .50 with this Q's drop...well broke now.

[11:09] {Threei}  drop seems to be done to me

[11:09] {Threei}  last shakeouts before reversal to the upside

[11:09] {lisa_jay} Yes.

[11:09] {magoo} i like q long off .15

[11:10] {magoo} in

[11:14] {lisa_jay} stop?

[11:15] {dino} 8250 coming imo

[11:15] {magoo} here lisa

[11:16] {magoo} not looking good

[11:16] {magoo} SIGH

[11:26] {dino} [11:15] {dino} 8250 coming imo

[11:27] {Geo} http://www.abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1

[11:27] {Geo} lol

[11:27] {Geo} i love beggers with private planes

[11:28] {dino} i love waitresses, i ask for stuff, they bring it

[11:28] {Geo} :)

[11:30] {magoo} 200 down here

[11:31] {Geo} neg 179

[11:32] {Geo} and vad's disgusted with me

[11:32] {dino} -16 here

[11:32] {dino} me too

06[11:32] * Geo slaps Geo around a bit with a large trout

[11:34] {Threei}  GS is not making new lows anymore

[11:35] {Threei}  61 break long

[11:36] {dino} for now

[11:36] {dino} having data issues w/cyber

[11:37] {Geo} i was on sim..... but i got filled and stopped out real fast

[11:37] {magoo} call chuck

[11:37] {magoo} 1-888-547-3421

[11:37] {Threei}  where was your stop??

[11:38] {dino} magoo, don't know how to say this, but dino is chuck

[11:38] {Geo} .86

[11:38] {Threei}  last low was .75

[11:39] {Threei}  .86 is not a level for a stop

[11:39] {Geo} i got 61 break then got stopped....

[11:39] {Geo} i was simming and didnt get time to adjust it :(

[11:39] {Geo} will aDJUST

[11:39] {Geo} oops

[11:39] {Threei}  it hit 1:1 with correct stop

[11:39] {Geo} darn

06[11:39] * Geo back to tweaking

[11:40] {magoo} all u wante was 1:1 vad?

[11:40] {magoo} i still in

[11:40] {Threei}  half

[11:40] {Threei}  trying for more on second half

[11:40] {Threei}  stop is under .90 now

[11:41] {magoo} wheres significant q support?

[11:41] {Threei}  which timeframe?

[11:41] {Threei}  daily or today?

[11:42] {magoo} today

[11:42] {Threei}  27.60

[11:42] {dino} none today, yesterday imo 27.50

[11:42] {dino} then 27.33

[11:43] {Threei}  out second half

[11:45] {Threei}  aww

[11:45] {Threei}  shake

[11:45] {magoo} its tough..u were too tight

[11:45] {magoo} was gapping 

[11:45] {Threei}  I guess

[11:50] {magoo} q long here..worth a shot

[11:50] {Threei}  rehabilitated GS

[11:50] {Threei}  took it again at 61.05

[11:51] {Threei}  out here

[11:51] {magoo} im waiting muxch higher

[11:51] {magoo} .81

[11:51] {Threei}  good luck

[11:51] {Threei}  I am not that patient

[11:52] {dino} hmmm was waiting for 8163

[11:52] {dino} will try dia sm l 82.35 area if it gets there

[11:53] {hawkfan4} scary, but trying FAS 24.95 off GS recovery idea.  3 X financial sector ETF.  wide stop

[11:54] {dino} 3x's ? hmm 

[11:54] {ese} hmmmm thought about TSL at 7.30    but have to sign off....don't have enough time to watch

[11:54] {ese} have a great day all

[11:54] {hawkfan4} u2 es

[11:54] {ese} see ya hawk

[11:54] {Threei}  take care ese

[11:55] {ese} see ya vad

[11:55] {magoo} kivckin it

[11:57] {magoo} out here .78

[11:57] {magoo} patience is a virtue

[11:57] {Threei}  wtg

[11:57] {dino} leave patience out of it

[11:57] {magoo} actually saw .83..but i was to close to miss exit

[11:57] {magoo} readjusted

[11:58] {Threei}  good approach

[11:58] {Threei}  no need to lose such gain because of last couple cents

[11:58] {dino} gj

[12:02] {Geo} of to work.... good trading all

[12:02] {Threei}  take care geo

[12:03] {dino} cya geo

[12:05] {magoo} geoooooooooooooo

06[12:05] * magoo slaps Geo around a bit with a large trout

[12:05] {hawkfan4} cya geo

[12:07] {Threei}  .80 break Qs, anyone's up to try?

[12:08] {magoo} in

[12:08] {Threei}  ummm... it didn't break yet? :)

[12:08] {magoo} i took .70

[12:08] {Threei}  oh, earlier

[12:08] {Threei}  lol

[12:09] {magoo} when i was looking for support

[12:12] {dino} see that 80 pt bounce 80 pt drop

[12:14] {dino} holding lows so far dji

[12:16] {Threei}  lows are getting tested too many times

[12:17] {Threei}  danger of not holding is higher each time

[12:18] {dino} risky sm l dia .35

[12:18] {magoo} have i said that this mkt blows?

[12:19] {dino} stop dia is .94

[12:23] {Threei}  have a look at where your exit on GS was vs top of the move magoo

[12:24] {magoo} nice huh?

[12:24] {magoo} lil skerry

[12:24] {Threei}  5 cets unde top

[12:25] {Threei}  I'd say precision almost surreal for this stock

[12:35] {Threei} Long Setup:  GS  .20 break

[12:35] {Threei}  small shares

[12:35] {Threei}  stop under .90

[12:36] {magoo} in

[12:36] {Threei}  tries for double bottom confirmation break

[12:36] {dptl} stopped....

[12:38] {dino} dia 1/1

[12:40] {Threei}  shake

[12:40] {dino} stop to .75

[12:40] {magoo} the way to play it is take only 100-200 shares..give it a .75 cent stiop..avod rinse

[12:40] {dino} to .85

[12:41] {magoo} and let it run if IF gets going

[12:41] {Chaeron} kick it

[12:41] {magoo} that too

[12:42] {dino} bam, stopped .85 +.50

[12:43] {Threei}  YHOO under 10...

[12:44] {Threei}  if I were a shareholder I'd be steaming mad about rejecting that MSFT offer

[12:44] {Threei}  if I were MSFT I'd make evil laughter sounds 24/7

[12:44] {Chaeron} if you were MSFT, you'd hire someone to do it for you...

[12:45] {Threei}  no way

[12:45] {Threei}  I hire someone to do work

[12:45] {Threei}  this is pure pleasure, I'd do it myself

[12:45] {Chaeron} ah... :)

[12:45] {Chaeron} now can you kick the Q's and derive pleasure from that?

[12:45] {Chaeron} thank you

[12:46] {Threei}  yes but if it loses .65 I am not responsible

[12:46] {dino} ok, 80 pts up happened, now drop as usual?

[12:46] {Chaeron} um... I want it to *take* .65... 60.65 that is

[12:47] {Threei}  Qs?

[12:47] {Threei}  60.65?

[12:47] {Threei}  Charon... I want what you are smoking

[12:47] {Chaeron} ooops... sorry... I forgot... I was playing GS... *blush*

[12:47] {dino} yeah, 34/share cash looks darn good now

[12:49] {Threei}  they tried to leverage with Goog and miscalculated badly

[12:50] {Threei}  both deals fell through

[12:50] {Threei}  now it looks like it's going to be just a carcass for Goog to feed on

[12:51] {Threei}  US TREASURY'S KASHKARI: TREASURY. FDIC, AND FED HAVE STABILIZED MARKETS, AVOIDED COLLAPSE, SECURITIZATION MARKET IS A 'PROMISING OPPORTUNITY' FOR TARP PROGRAM

[12:51] {Threei}  - Reiterates Paulson's comments that the TARP program is not a stimulus or economc growth plan

[12:51] {Threei}  in case you haven't noticed, markets are stabilized

[12:52] {Threei}  are we on the same planet with fed?

[12:52] {dino} hmmmm, jawboning is not working

[12:53] {Chaeron} just glad I'm not the only one confused

[12:53] {dino} me thinks he protests to much

[12:53] {Threei}  who?

[12:53] {dino} ok theres 40 pts of the 80 down

[12:53] {dino} 50

[12:54] {Chaeron} I'm ut GS... -.01... just don't care

[12:54] {magoo} ty it will go now 

[12:54] {dino} \you're starting to feel as i feel chaer

[12:55] {magoo} oct nov have worn me out

[12:55] {dino} the shark says bear makets wear you out, getting to me

[12:55] {magoo} dont even like trading anymore

[12:55] {Chaeron} I'll be back... have the markets straightened out when I return so we can make $$$

06[12:55] * dino slaps magoo around a bit with a large trout

06[12:55] * Chaeron slaps magoo around a bit with a large trout

[12:57] {dino} brb

[12:57] {Chaeron} (me and dino are going out for beers  :)

[12:58] {KSystems} arent there going to be FOMC minutes in an hour?

[12:59] {Threei}  yes

[13:02] {magoo} long 200,000 shares q at .69..out here .74

[13:03] {magoo} .05 x 200k = + 10k

[13:03] {magoo} fast too

[13:03] {magoo} lol

[13:05] {Threei}  once again same pattern

[13:06] {Threei}  we touch lows, everything looks like ready to go to hell - sharp spike and rally out of nowhere

[13:10] {magoo} hardly a rally just yet..not bustin on ya..just not convinced

[13:11] {Threei}  no, not yet

[13:11] {Threei}  spike took place, whether it's followed up by rally remains to be seen

[13:11] {magoo} f'in GS stalled same area 1 dollar less..saw .81 prints

[13:12] {magoo} like 1 second worth and all the way back down

[13:19] {magoo} of course mkt has to fall hard..god forbid it moves up

[13:22] {dino} sm l dia .65

[13:30] {dino} stop is break of lod

[13:33] {Threei}  we are neaqring yesterday's low

[13:34] {dino} stopped -.51

[13:37] {dino} 8105 yesterday lod

[13:52] {dino} [11:52] {dino} hmmm was waiting for 8163

[13:52] {dino} on the nose

[13:54] {Threei}  ok... rally or fizzle out now?

[13:54] {dino} dino pats himself on his back

[13:54] {patience} patience pats dino on the back

06[13:54] * Threei pats all backs he can reach

[13:55] {dino} ty patience

[13:57] {patience} i want the momo days we used to get a few years ago....this is teeth grinding now

[13:58] {muddleheaded} FOMC minutes released at 2:00 PM.

[13:59] {Threei}  I doubt they'll matter much

[13:59] {peterg} afternoon folks.

[13:59] {Threei}  hi peter

[14:00] {peterg} things slow?

[14:00] {Threei}  MINUTES OF THE OCT 29 FOMC MEETING: POLICYMAKERS SAW ECONOMY SHRINKING THROUGH MID 2009, SAW POTENTIAL NEED FOR MORE RATE CUTS

[14:00] {Threei}  Cuts 2009 GDP growth -0.2% and 1.1% v +2% -2.8%

[14:00] {Threei}  2009 jobless 7.17.6 v 5.3-5.8% range

[14:01] {Threei}  - Saw policy challenges due to low rate, agreed inflation has fallen 'materially', aggressive easing would cut inflation risk

[14:03] {Threei}  bunch of meaningless lines

[14:03] {Threei}  GS

[14:03] {Threei}  .40 break going to try

[14:03] {Threei}  with stop under .20

[14:04] {Threei}  invalidated

[14:05] {Threei}  58.10 break if holding .90

[14:06] {Threei}  PIMCO'S BILL GROSS: FED MAY HAVE TO CUT RATES TO 0% TO STIMULATE ECONOMY - CNBC

[14:06] {dino} vad, symbol for dji e-mini?

[14:06] {KSystems} ym

[14:07] {dino} ty

[14:07] {KSystems} np

[14:08] {Threei}  58 break

[14:08] {Threei}  if holding above .80

[14:10] {magoo} in bossasauras

[14:11] {Threei}  over 1:1, half out

[14:11] {Threei}  scalpers are scalpers

[14:13] {Geo} back

[14:13] {Geo} things any better?

[14:13] {Geo} for some reason i am hating these days

[14:13] {Threei}  were they bad?

[14:14] {Threei}  1:2

[14:14] {Geo} 1:2 what what??

[14:14] {Threei}  replay isn't working?

[14:14] {magoo} waiting .61

[14:15] {magoo} out .57

[14:15] {Threei}  out .53

[14:15] {magoo} wanted to bank it

[14:15] {magoo} nice bossasaurasmonk

06[14:16] * KSystems slaps laserdave1 around a bit with a large trout

06[14:16] * laserdave1 slaps Threei around a bit with a large trout

[14:17] {Threei}  sigh

[14:17] {laserdave1} thats crazy

06[14:17] * magoo slaps laserdave1 around a bit with a large trout

[14:17] {laserdave1} i guess u trained him very well Vad

[14:17] {laserdave1} that was fast

06[14:17] * laserdave1 slaps Chaeron around a bit with a large trout

[14:17] {Geo} german precision

06[14:17] * laserdave1 slaps Geo around a bit with a large trout

[14:17] {KSystems} Harrr

06[14:17] * laserdave1 slaps KSystems around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

[14:18] {magoo} hey..what i do :)

[14:18] {laserdave1} your just a nice guy

[14:18] {laserdave1} so you end up being the lucky one

[14:18] {magoo} vads a nice guy too

[14:19] {magoo} dcc quick lasr

[14:20] {dino}  going for yesterdays lod dji, imo

[14:26] {Threei}  here is a first sign of that screaming rally coming, ,lol

[14:27] {Geo} http://www.msnbc.msn.com/id/27766333/

[14:27] {Geo} looks like they sank the mother ship

[14:28] {magoo} cramer cally out rally monkey..resounding OY

[14:33] {Threei}  I find this bickering about their private jets meaningless and idiotic

[14:34] {dino} you know, it's simply yes or no. move on the election is over. i vote no, and send them to debtor in possession bankruptcy

[14:35] {Threei}  yes

[14:35] {dino} new dji low

[14:35] {Threei}  but all this "how did you arrive here, commercial or private" is just populist and has nothing to do with real issues

[14:36] {dino} even having it on tv is b.s

[14:36] {Threei}  anyone expecting CEO of compnay of this scale to travel by bus or train or commercial has no idea what he is talking about

[14:37] {Threei}  it's nothing but play on the lowest kind of emotions of population

[14:39] {Threei} Long Setup:  UAUA  .81, stop under .75

[14:40] {Threei}  invalidated

[14:42] {Threei}  still wastching, any market meaninfgul recovery should take UAUA up about 50 cents

[14:42] {Threei}  pullback entry

[14:44] {Threei}  in

[14:44] {dawg} in 

[14:44] {lisa_jay} stop vad?

[14:44] {Threei}  under day low

[14:45] {magoo} full?

[14:45] {Threei}  with stop about 15 cents...

[14:46] {magoo} in .80

[14:48] {magoo} out .99 TY

[14:48] {wishbone} laserdave DCC..please

[14:48] {Threei}  welcome

[14:48] {magoo} dont do it wishbone

[14:49] {wishbone} don't do what?

[14:49] {magoo} kidding

[14:49] {wishbone} hi vad

[14:49] {Threei}  hi

[14:49] {wishbone} got an error: level II not in execution mode?

[14:49] {Threei}  magoo means don't encourage laserdave giving him an idea anyone would ever want to talk to him

[14:50] {wishbone} ohhh..lol

[14:50] {Threei}  Menu-Trade

[14:50] {magoo} thats what i meant..yes, thats it

[14:50] {Threei}  make sure you have check against like

[14:50] {Threei}  Level II execution mode

[14:51] {Threei}  top line is third segment

[14:51] {wishbone} that' wierd....traded earlier no problem....ty3i

[14:51] {Threei}  maybe clicked it mistakenly

[14:51] {wishbone} probably :)

[14:52] {Threei}  and really, try to avoid giving laserdave wrong ideas... he may even start thinking we like him

[14:52] {dawg} out 1/2 .04

[14:52] {wishbone} right lol

[14:53] {dino} dia sm l .00

[14:56] {dawg} out last half  UAUA flat thank you 3i

[14:56] {Threei}  welcome

[14:56] {Threei}  watch market for another spike, UAUA will follow

[14:56] {dawg} OK

[14:58] {magoo} reload here

[15:00] {Onix} In for lunch, hope you people had a good morning's trading

[15:01] {dino} stopped -.50

[15:02] {Onix} Vad, could you please take a look at BRCM and take a guess for me howcome it can hold $14 all morning?

[15:03] {Threei}  who knows

[15:03] {Threei}  maybe found its bottom for now

[15:03] {Onix} I shorted it at $13.99 before i left for work and it is still there

[15:04] {dino} you have the magoo curse onix

[15:04] {dino} rinsed

[15:05] {dino} mcd sm l .50

[15:05] {Threei}  UAUA didn't drop this time with market

[15:06] {Threei}  still needs help of course

[15:06] {Threei}  but gotta be good if any comes

[15:08] {lisa_jay} how to play UAUA vad?

[15:08] {Threei}  not an entry here lisa

[15:09] {Threei}  you missed pullback to .80

[15:09] {Threei}  [14:56] {Threei} watch market for another spike, UAUA will follow

[15:09] {Threei}  [14:56] {dawg} OK

[15:09] {Threei}  [14:58] {magoo} reload here

[15:09] {lisa_jay} Ok, thanks...

[15:09] {Threei}  half out ..13 magoo

[15:09] {dawg} OK threei

[15:09] {dawg} got  in

[15:09] {magoo} ok boss took .12

[15:10] {Threei}  partialed out dawg?

[15:10] {dawg} still in 

[15:10] {dawg} all

[15:10] {Threei}  next spike should take it over .20 but let's respect the volatility and protect half

[15:10] {dawg} got it

[15:11] {Threei}  original idea was:

[15:11] {Threei}  [14:42] {Threei} still wastching, any market meaninfgul recovery should take UAUA up about 50 cents

[15:11] {Threei}  we got over 30 cents

[15:11] {Threei}  assuming entry around .80

[15:13] {Threei}  let's go UAUA, market gives "all clear"

06[15:13] * Threei kicks UAUA in the left jet

[15:16] {Threei}  rally is not very convincing so far

[15:16] {lisa_jay} qs need to break that .82

[15:16] {dawg} dawg spins several prayer wheels

[15:17] {dino} lol, i just throw the dice

[15:17] {Threei}  for UAUA it will be enough even if Qs just bounce back there I think, lisa

[15:18] {dawg} stopped last half

[15:19] {Threei}  see... volatility must be respected :)

[15:19] {dawg} Yes sir

[15:19] {Threei}  imagine not securing half around 9.10...

[15:19] {Threei}  how insulting would that be

[15:19] {dawg} would hurt the dawg

[15:22] {dino} dia sm l .65

[15:24] {dino} uh oh

[15:24] {Threei}  wow

[15:25] {Threei}  C

[15:26] {dino} 3i, you see, not allowed 2 up days in row in november

[15:27] {dino} 4 days so far for the month

[15:27] {dino} 3 days

[15:27] {Threei}  and none of them back to back?

[15:28] {lisa_jay} Isn't Nov a bullish month?

[15:28] {Threei}  we still have 10 days

[15:28] {lisa_jay} historically?

[15:28] {dino} yes

[15:28] {Threei}  scalped C... was too scary to call

[15:28] {dino} bs month this year tho

[15:29] {patience} i second that

[15:29] {dino} ty

[15:29] {dino} out dia .05 +.40

[15:30] {dino} just had a daytrader stop in and ask to rent an office off me

[15:30] {Threei}  seriously?

[15:30] {dino} didn't know we had any others here

[15:30] {dino} yes

[15:31] {dino} 8 years e-minis

[15:31] {Threei}  why does he need an office?

[15:31] {dino} renting elsewhere, not as nice

[15:32] {lisa_jay} Probably has kids come home early from school

[15:32] {dino} y

[15:32] {dino} that too.

[15:32] {dino} comraderie also i think

[15:33] {KSystems} where are you located dino?

[15:33] {dino} told her no tho, don't think she'd appreciate it when we go off on a bad trade rant

[15:33] {Threei}  close office dorr, put a sign on saying "come in if living to see the next morning is not in your plans"

[15:33] {lisa_jay} I wonder how the commute would be from NY/ct border to your office.  

[15:33] {dino} pennsylvania

[15:33] {KSystems} ah ok

[15:33] {dino} long lisa

[15:33] {dino} ok, 3:40 rally?

[15:34] {KSystems} not many things i know about pennsylvania..except....Centralia :-) that near where you live?

[15:34] {lisa_jay} thats what i thought.

[15:34] {dino} 2 hrs ks

[15:34] {lisa_jay} * about commute.

[15:34] {dino} y

[15:35] {dino} just jumped 70

[15:35] {dino} vad, you may owe me a beer, i told her to check out the site

[15:36] {Threei}  but we don't ttrade e-minis per se

[15:36] {dino} dia sm l .50

[15:37] {dino} i know, comraderie

[15:37] {Threei}  which won't prevent me from buying a beer of course

[15:37] {dino} could use one today

[15:38] {dino} hit/miss day

[15:38] {Threei}  for the most part... then GS and UA trades brightened things

[15:41] {Threei}  1 min till rally?

[15:42] {Threei}  or not today?

[15:42] {dino} i am so sick of seeing my b-day come up on the dji on almost daily basis, for years never saw it

[15:43] {patience} march 17?

[15:43] {dino} yes

[15:43] {dino} used to like that number

[15:43] {patience} just think of the green beer instead

[15:44] {dino} lol

[15:44] {dino} stop dia -.40

[15:44] {dino} see hit./miss

[15:45] {patience} you're doing better than me dino, usually by this time of day I'm muttering, those bastards

[15:45] {patience} time to go mow the lawn

[15:45] {dino} snow on mine

[15:46] {patience} oak leaves on mine

[15:46] {Threei}  geese droppings on mine

[15:46] {dino} not a good close

[15:46] {Threei}  no

[15:46] {Threei}  YAYA new low

[15:46] {Threei}  U

[15:46] {magoo} 400 down WHAT RALLY

[15:46] {Threei}  C new low

[15:47] {Threei}  how is it not rally?

[15:47] {Threei}  just different direction

[15:47] {Threei}  but we are not discriminating rallies by direction, are we

[15:48] {peterg} newspeak: stocks rallied strongly negatively today

[15:48] {Threei}  there you go

[15:48] {Threei}  Orwell knew his languages

[15:48] {KSystems} Like "Strongly preparing for recovery"?

[15:48] {dino} hate to say it, but feels like we go down to break the 7884 low

[15:48] {peterg} scarily

[15:49] {peterg} Stocks deepened their search for fundamental solidity

[15:49] {Threei}  beautiful

[15:49] {KSystems} collect them and send them to some news agency

[15:50] {KSystems} they'll be out of stock soon

[15:50] {peterg} ;p;

[15:50] {peterg} lol

[15:50] {dino} the stability they talked about earlier is "un"real

[15:50] {Threei}  market improved its coordination with real valuations

[15:50] {peterg} rofl

[15:51] {Threei}  yeah, that line was from behind the looking glass

[15:51] {Threei}  truly bizarre

[15:52] {Threei}  [12:51] {Threei} US TREASURY'S KASHKARI: TREASURY. FDIC, AND FED HAVE STABILIZED MARKETS

[15:52] {dino} maybe he was thinking only worry now about the dowside, because it doesn't go up

[15:52] {Threei}  I hope they don't overstabilize it

[15:53] {Threei}  just a tad more stability as they understand it, and we will see Dow at 1929 levels

[15:54] {dptl} have a good evening all

[15:54] {Threei}  take care dp

[15:57] {Threei}  -433 DJI

[15:59] {dino} cya dp

[15:59] {Threei}  so, in light of today's action...

[15:59] {Threei}  wqhat was yesterday's AH rally about again??

[16:00] {Threei}  such spike, after hours, total illusion of "wow, someone big knows something good"

[16:00] {dino} ge 14

[16:00] {Threei}  only to see this misery today lol

[16:00] {dino} re-balancing of s&p 3i, bud out

[16:01] {Threei}  I heard that theory

[16:01] {dino} had like 50 billion to reallocate

[16:01] {Threei}  just not sure how it explains such spike in indexes

[16:01] {dino} it doesn't, imo, and the futures imo don't mean sh#t

[16:01] {Threei}  mechanics of reallocation as I understand them do not warrant this

[16:01] {dino} everything has gone total random

[16:02] {Threei}  ok guys, thank you all

[16:02] {dino} when the dji moves 100 pts in 2 minutes up/down, it's random

[16:02] {Threei}  have a good evening, see you tomorrow

[16:02] {KSystems} take care vad

[16:02] {dino} i am going back to basics again, simply scalp machine tomorrow

[16:03] {dino} get up, get out

[16:03] {peterg} gnight all--who knows what evil lurks in the hearts of men?

[16:03] {peterg} the shadow knows.........

[16:03] {dino} lol

[16:03] {peterg} of course, that was my nickname back in the day

[16:04] {peterg} or one of them

Nov 18 2008

Started out slow and boring, and for quite a while seemed to stay this way; even very nice GS trade hasn't brought much since it was offset by a few stops. Then last hour activity brightened the day as we were able to nail almost exact reversal point. All in all, ended up nicely.

Session Time: Tue Nov 18 00:00:00 2008

[07:54] {Threei} 11/18/08 07:30am
[07:54] {Threei} [IDMI] IDM Pharma Inc EU's CHMP provides positive recommendation for approval of Mifamurtide for non-metastatic, resectable osteosarcoma
[07:54] {Threei} - EU's CHMP issued a positive opinion, recommending grant of a centralized marketing authorization for mifamurtide (L-MTP-PE), known as MEPACT in Europe, for the treatment of patients with non-metastatic, resectable osteosarcoma, a rare and often fatal bone tumor that typically affects children and young adults.
[08:30] {Threei} *OCT PRODUCER PRICE INDEX M/M: -2.8% V -1.9%E
[08:30] {Threei} PPI EX FOOD&ENERGY M/M: 0.4% V 0.1%E
[08:33] {Threei} UAUA
[08:33] {Threei} FEDERAL COURT ISSUES PRELIMINARY INJUNCTION AGAINST ALPA TO PROTECT UNITED CUSTOMERS, EMPLOYEES
[08:44] {Threei} 11/18/08 08:05am
[08:44] {Threei} [XTLB] Biopharmaceuticals ADS Top-line results from the Bicifadine Phase 2b Study for Diabetic Neuropathic Pain failed to meet primary and secondary endpoint
[08:44] {Threei} - The trial's primary objective was to compare the efficacy of two doses of Bicifadine against placebo in reducing pain associated with diabetic neuropathy.
[08:44] {Threei} - The primary endpoint of the study was the reduction in pain score during the course of treatment.
[08:44] {Threei} - The company announced that the study failed to meet its primary endpoint.
[08:44] {Threei} - The trial also failed to meet secondary endpoint
[08:45] {Threei} wow
[08:45] {Threei} is that for real?
[08:48] {hawkfan4} good morning
[08:48] {lisa_jay} Goodmorning everyone.
[08:48] {Threei} hawk :)
[08:48] {Threei} lisa :)
[08:49] {Threei} imagine being an investor in XTLB and waking up to this
[08:49] {magoo} morning
[08:50] {hawkfan4} 7 cents/share? ouch
[08:52] {Threei} magoo :)
[08:52] {lisa_jay} 9:30 Hank and Bernanke speech
[08:52] {lisa_jay} hope i got the time correct.
[08:52] {Threei} amazing adventures of hank and bernie?
[08:53] {magoo} is UAUIA news significant?
[08:53] {Threei} market doesn't think so
[08:54] {Threei} market serious recovery from lows
[08:54] {Threei} lifted by HPQ guidance I suppose
[08:54] {magoo} PPT being discussed on CNBC
[08:54] {magoo} so its real
[08:54] {magoo} no, now saying its crap
[08:54] {magoo} lol
[08:54] {Threei} lol
[08:55] {magoo} goes back to 87 crash...tooth fairy tales lol
[08:55] {magoo} hey vad, how can we lose taking some XTLB long? bottom is .07 cents
[08:55] {magoo} upside could be dollar
[08:56] {magoo} was news that bad?
[08:56] {Threei} I've no idea
[08:56] {Threei} I mean, it's bad,
[08:56] {Threei} but main question is
[08:56] {Threei} is this the end of the company? Or they have somehting else to fall back on?
[08:56] {magoo} well we take 1000 syhares it goes to zero..we lose 70 bux
[08:56] {Threei} I am not up to researching that, sorry :)
[08:57] {Threei} yeah, this kind of research I understand
[08:57] {magoo} 2k..140 bux risk..where am i missing here?
[08:57] {Threei} with only correction, I'd consider 150-200 bucks a non-issue
[08:57] {Threei} and took 2-3K
[08:57] {magoo} u did already?
[08:57] {Threei} no but finger on a trigger
[08:58] {Threei} ultimate risk-based setup
[08:59] {Threei} meaning, no idea what odds of it working are, but even if it's less than 50%, risk is negligible and upside is lucrative
[08:59] {lisa_jay} True Speculators....
[08:59] {Threei} how often do you get a shot at $1000 for the price of $150? :)
[09:00] {magoo} let me know when u go ok? im going too
[09:00] {Threei} shurg... any kind of buying coming in
[09:00] {magoo} no
[09:00] {Threei} let's say .8 getting hit
[09:00] {Threei} there you go
[09:00] {magoo} now
[09:00] {Threei} why not :)
[09:01] {Threei} who cares wherther it's .07 or .08? :)
[09:02] {lisa_jay} r u in Vad or Magoo?
[09:02] {lisa_jay} XTLB
[09:02] {Threei} yes, .09
[09:02] {Threei} .08
[09:02] {lisa_jay} 1 lot or 2?
[09:02] {Threei} 2
[09:03] {magoo} in .09
[09:03] {Threei} from the beginning of this trade it's "money thrown out" in my mind
[09:05] {Onix} Good morning all
[09:05] {Threei} onix :)
[09:05] {KSystems} good morning
[09:05] {Threei} ks :)
[09:05] {KSystems} vad :
[09:05] {KSystems} )
[09:11] {dptl} good morning all
[09:11] {Geo} you bought 2 lots vad?
[09:11] {Geo} gm :)
[09:11] {Threei} dp, geo :)
[09:12] {magoo} vad, any recent news bidu ?
[09:12] {magoo} also goog, cme?
[09:12] {Threei} BIDU no
[09:12] {Threei} GOOG no
[09:13] {Threei} CME no
[09:14] {Geo} i bought 2 lots at .09 hehehehe
[09:14] {Threei} you are up 40 bucks
[09:14] {Geo} yeah
[09:14] {Geo} way to go setup vad
[09:14] {Geo} :)
[09:14] {Threei} lol
[09:14] {Geo} might erase yesterday's pain
[09:15] {magoo} i called laserdave, i wanted 10k he he
[09:15] {Geo} magoo lol
[09:15] {magoo} he not awake
[09:15] {Geo} reminds me of the wachovia 7 cent story
[09:15] {Threei} pain?
[09:15] {Threei} sheesh
[09:16] {ese} morning......
[09:16] {Threei} we need to agree on some definitions
[09:16] {Threei} ese :)
[09:16] {Geo} this dude bought 10 thousand dollars of wachovia at 7 cents and sold by 7 dollars
[09:16] {Geo} made a few mills
[09:16] {Threei} 'cause if $96 loss for the day is a definition of pain
[09:16] {Geo} not the money vad
[09:17] {Geo} watching lord vader fruystated was painfull
[09:17] {Geo} lol
[09:17] {Threei} frustrated?
[09:17] {Threei} I must be projecting something that I don't even know about, lol
[09:17] {Geo} so why does p/l stuck on last of 2.23 vad?
[09:17] {Threei} bored out of my mind
[09:18] {Threei} before open it's probably based on closing price
[09:18] {laserdave1} magoo dcc please
[09:18] {Geo} ahhh
06[09:18] * Threei slaps laserdave1 around a bit with a large trout
[09:19] {lisa_jay} Nice XTLB
[09:20] {Threei} plan:
[09:20] {dino} gm all
[09:20] {Threei} dino :)
[09:20] {Threei} putting it for sale at .50, going for a smoke, returning and if it's still there hitting sell button not looking at the price
[09:20] {Threei} just kidding... but going for a smoke nonetheless
[09:20] {cosmo} smoke?
[09:21] {muddleheaded} Hi.
[09:25] {cosmo} ONNN: # ON Semiconductor withdraws from proposal to acquire Atmelat MarketWatch(Tue 9:13am)
[09:26] {Threei} mudd :)
[09:26] {Threei} what, not .50 yet??
[09:26] {dino} clf cx's their buyout of alpha
[09:27] {peterg} morning
[09:27] {Threei} peter :)
[09:29] {Onix} hi dino, mudd, peter
[09:29] {peterg} onix
[09:30] {Threei} TREASURY SEC PAULSON: TARP NOT A 'PANACEA' FOR ALL ECONOMIC DIFFICULTY
[09:31] {peterg} thanks hank for the reality bite4
[09:31] {peterg} bite
[09:31] {Threei} FED'S BERNANKE: THERE ARE SOME SIGNS CREDIT MARKET IS IMPROVING, FED MONEY MARKET FINANCING SHOULD BE UP AND RUNNING NEXT WEEK
[09:31] {peterg} NYT sez to GM: chapter 11 is for U
[09:32] {peterg} cites British Leyland as example of good money after bad
[09:33] {Geo} whats targets on xtlb vad?
[09:33] {Threei} lol, I've no idea
[09:33] {Geo} lol
[09:33] {Threei} LVS
[09:35] {Threei} nah, never mind
[09:35] {Threei} no structured setup
[09:39] {dino} pru sm l .75 wide
[09:45] {Threei} Long Setup: ADBE 23 break half lot
[09:46] {Threei} stop under .80
[09:46] {Threei} for scalpers under .9-
[09:46] {Threei} .90
[09:52] {lisa_jay} Stopped on ADBE
[09:54] {Threei} yup
[09:54] {Onix} yup
[09:54] {Threei} wow CME
[09:55] {Threei} brutal
[09:56] {dino} no mercy
[10:01] {Threei} GE
[10:01] {Threei} RECALLING 244K WALL OVENS DUE TO RISK OF FIRE
[10:01] {Threei} so, not only they can't manage finances, they can't make appliances either?
[10:02] {Threei} Long Setup: DELL .52, stop under .40
[10:04] {laserdave1} magoo dcc please
[10:06] {Threei} FMCN some power
[10:06] {Threei} watching, not sure of entry yet
[10:07] {Threei} obvious setup is .40 break, little C&H
[10:07] {Threei} and nice juicy offer at .37 to take
[10:08] {Threei} will depend on where it bottoms out before break
[10:08] {Threei} ideally, if holding this .30 level
[10:10] {Threei} (US) FDIC BAIR: CONFIDENCE IN MARKETS HAS BEEN 'DEEPLY SHAKEN'
[10:11] {Threei} and I thought I was master of stating the obvious
[10:12] {lisa_jay} dELL still valid Vad?
[10:12] {Threei} DELL spiked into resistance a bit too fast
[10:12] {lisa_jay} ok, thanks
[10:12] {Threei} I'd love to see one more pullback before triggering
[10:12] {dino} urbn l .40 stop lod
[10:12] {Threei} too easy to turn into trap
[10:14] {Threei} any dive to or under .50 on DELL while market remains strong, going to grab it
[10:14] {Threei} chasing, nah... too tortured move
[10:15] {Threei} FMCN offer disappeared
[10:15] {Threei} too bad, was a great indication
[10:16] {lisa_jay} q;s reverse h&s?
[10:16] {Threei} nonetheless, still valid as long as you align position size with stop under .25, plus some slippage
[10:16] {Threei} yes lisa
[10:17] {Threei} DELL got away
[10:17] {Threei} oh well
[10:18] {Threei} Long Setup: INTC .11 if stays above 13
[10:21] {dptl} long intc,long fmcn
[10:22] {Threei} FMCN looks encouraging
[10:23] {Threei} stop can be trailed to under .30
[10:24] {Threei} these sudden market jerks are annoying
[10:27] {Threei} seeing these big bids on FMCN, I'd suggest stop trailing to under .35
[10:27] {Threei} risk will be minimized, and if those bids are hit or withdrawn, it's most likely will go lower anyway
[10:27] {Threei} makes sense?
[10:27] {dptl} yep
[10:27] {Threei} kewl
[10:28] {Onix} in FMCN 7.42 & INTC 13.11
[10:28] {Threei} ok market
[10:28] {Threei} time to do something stunningly stupid
[10:29] {lisa_jay} Same here Onix.
[10:29] {Threei} like go up couple hundred points
[10:29] {Threei} then look down, feel dizzy and drop all the way back
[10:29] {Onix} i like your attitude Vad
[10:30] {Threei} magoo... we have 1:1 on XTLB {VBG}
[10:30] {Threei} out FMCN
[10:30] {dptl} stopped fmcn
[10:30] {lisa_jay} FMCN Stopped
[10:31] {Threei} this was brilliant stop tightening
[10:31] {Threei} look how much it saved us
[10:32] {lisa_jay} :-)
[10:32] {Onix} stopped
[10:33] {Threei} extreme risk control here would be INTC stop trail to .04
[10:34] {Threei} not sure it's worth it
[10:34] {dino} clf sm l .90
[10:34] {Threei} decide for yorself depending on tolerance
[10:34] {Threei} chart wise it makes sense,
[10:35] {Threei} but with this market jerkiness it may be too easy to get stopped out prematurely
[10:35] {Threei} so it's more about whether those 5 cents saved are important for you
[10:37] {dino} clf stopped
[10:39] {dino} i am turning into a rinse machine,
[10:39] {Threei} market is set on a Wash Rinse Repeat cycle
[10:40] {dino} don't follow me today anyone, i'm trying different sizes/stops
[10:41] {Threei} now trailing to under .05 makes more sense on INTC
[10:44] {dino} urbn stopped -.17
[10:46] {magoo} vad, still in XTLB?
[10:46] {Threei} yeah but not delighted
[10:46] {magoo} no enthuisiam
[10:46] {Threei} this kind of drop often causes initial quick countereaction
[10:47] {Threei} when it's dragged out for so long, it can do anything
[10:47] {Threei} or nothing
[10:47] {magoo} longer it takes...nothing more likely
[10:48] {Threei} yeah
[10:48] {dino} uthr sm s .58, stop .08
[10:49] {Threei} I'll set a stop under .16 mags
[10:49] {dino} well that was fast
[10:49] {dino} i pretty much suck this week
[10:49] {Threei} mostly out of lack of desire to nutrure it
[10:50] {Threei} week just started dino... we both have a lot of opportunities to suck much more
[10:50] {lisa_jay} Breakouts are all failing.
[10:51] {Threei} we tried two so far, both did
[10:51] {hawkfan4} it could be worse, i suck and i have the ZLOB virus on my main machine
[10:51] {Geo} my wife thinks i am a zlob
[10:51] {hawkfan4} LOL
[10:52] {Threei} lol
[10:52] {lisa_jay} Sorry to hear that Hawk.
[10:52] {Threei} easy to remove hawk
[10:52] {lisa_jay} Now Q's h & s
[10:52] {hawkfan4} really? please help
[10:52] {lisa_jay} ?
[10:52] {Threei} http://www.symantec.com/security_response/writeup.jsp?docid=2005-042316-2917-99&tabid=3
[10:53] {hawkfan4} cool beans, i'm on it :) thx
[10:56] {Threei} if you don't have Norton, here is instruction how to remove it manually... a bit labortous but still easy
[10:56] {Threei} http://www.spywareremove.com/removeZlob.html
[10:56] {dptl} what does it do...zlob?
[10:56] {hawkfan4} yeah, i've been trying manually. nasty thing disabled my AVG free and won't let me browse to any spyware websites
[10:58] {Threei} dp... ruins your marriage, kills your liver and moves around everything on your desk so you can't find anything
[10:58] {dptl} geee nasty thing... lol
[10:59] {Threei} yeah, creators tried to imitate the alcohol overconsumption impact
[11:03] {lisa_jay} Q's broke down...
[11:05] {Geo} scratched INTC
[11:06] {Geo} choppppppy today
[11:06] {lisa_jay} Yes.
[11:07] {Threei} little scalps on bounces is about all you can do in this market
[11:07] {Threei} takes a lot of patience to wait this chop out
[11:08] {lisa_jay} Mental paper trading helps...
[11:08] {lisa_jay} :-)
[11:08] {Threei} sure
[11:08] {Threei} it's a kind of "if market does nothing, that's about all you can do" thing
[11:09] {lisa_jay} Paper trade - long q's at .35, stop under .30
[11:10] {dptl} stopped intc
[11:15] {Threei} FED'S BERNANKE: USD REMAINS 'PREMIER' WORLD CURRENCY, USD SYSTEM 'NOT DEAD'
[11:16] {Threei} what kind of wording is that...
[11:18] {dino} "undead"
[11:18] {dino} fcx l .00
[11:19] {dino} deck blood
[11:19] {Threei} quote of the day:
[11:19] {Threei} “The system has to be set up so an idiot can run it. Because eventually one will.”
[11:21] {Geo} did you pitch xtlb vad?
[11:22] {Threei} ditch?
[11:22] {Threei} yes
[11:22] {Geo} .16?
[11:22] {Threei} yup
[11:22] {magoo} me too .16
[11:22] {Geo} oh well
[11:22] {Geo} Ill sell it at a buck yet
[11:23] {lisa_jay} Nice trade Vad, Magoo, Geo.
[11:23] {Geo} ummm remove geo from that one
[11:23] {lisa_jay} You took the trade. Still up .04
[11:23] {lisa_jay} on 2 lots
[11:24] {lisa_jay} Stopped on my Q's paper trade - .06
[11:27] {Chaeron} Good morning all... sorry I'm late
[11:27] {Threei} chaeron :)
[11:27] {lisa_jay} Hi Chaeron.
[11:28] {Geo} nothing earthshattering yet chaer
[11:29] {Threei} UAUA strangely resilient
[11:30] {Chaeron} thanks guys... was hoping you'd all wait for me
[11:30] {Threei} we wouldn't... but market did
[11:30] {Chaeron} heheh
[11:30] {Threei} we actually planned on getting all the good trades before you wake up
[11:31] {Threei} but wolves decided otherwise
[11:31] {Threei} RIMM
[11:31] {Threei} STRENGTH PARTIALLY ATTRIBUTED TO RENEWED TAKEOVER CHATTER
[11:31] {Threei} - IBM rumored as a potential bidder
[11:32] {Threei} IMF'S STRAUSS KAHN: IMF REQUIRES ADDITIONAL RESOURCES AS SITUATION MAY BECOME WORSE MEDIUM TERM
[11:32] {Threei} ummm
[11:32] {Threei} are we about to bail out IMF?
[11:33] {lisa_jay} Dell
[11:33] {magoo} any interest in q play vad?
[11:35] {Threei} I wish I could see how
[11:36] {Threei} what I see is this untradable pattern:
[11:36] {Threei} loss of support,
[11:36] {Threei} immediate bounce with break of resistance
[11:36] {Threei} can't short breakdown,
[11:36] {magoo} i was thinking long
[11:36] {Threei} can't buy for bounce because it bottoms out with no indications,
[11:37] {Threei} doesn't form any bounce patterns, just goes up off some random point
[11:37] {Threei} this is a situation where any entry is practically just a crap shoot
[11:37] {muddleheaded} cosmo did you buy ONNN? Ther might be a break here.
[11:37] {magoo} feels like poer up
[11:37] {magoo} power
[11:38] {dino} hod
[11:38] {Threei} yes mags... but will you entry into such spike?
[11:38] {Threei} enter
[11:40] {Threei} pullback to about .40, maybe
[11:45] {Threei} worked like charm
[11:45] {Threei} anyone went for it?
[11:48] {Threei} loud snor is an asnwer too I guess
[11:48] {lisa_jay} Nope, did not go for it...
[11:49] {Threei} I would feel sad about being ignored, but being a married man I am quite used to it
[11:50] {dino} lol
[11:50] {lisa_jay} Here comes the power up? c'mon it's lunch time...need some money for food :-)
[11:51] {Threei} whoa MET
[11:54] {Chaeron} Joe Lieberman holds his chairmanship in the US Senate - Senate Majority Leader Harry Ried just announced
[11:54] {Threei} if this pattern of pullback.spike hoplds, then Qs next entry is pullback to .50
[11:54] {dino} met blood again
[11:55] {Threei} (EU) ECB'S LIIKANEN: ECONOMIC GROWTH DECELERATED OVER THE LAST SEVERAL WEEKS
[11:55] {Threei} growth?
[11:55] {Threei} wasn't there official admission of Germany/EU recession?
[11:55] {magoo} RIMM strong
[12:01] {lisa_jay} Does any one know when Bernanke and Paulson are done testifing?
[12:02] {lisa_jay} Thanks.
[12:02] {Threei} Long Setup: GS small shares 65 break if stays above 64.70
[12:07] {dino} deck
[12:07] {Threei} in GS .65, stop under .50
[12:07] {Threei} in Qs .49, stop under .40
[12:08] {dawg} in GS .67
[12:09] {Threei} come on GS, break
[12:10] {dptl} in q's too
[12:11] {Threei} good boy GS
[12:11] {magoo} in gs.q
[12:11] {magoo} wait gs .47
[12:11] {Threei} half out 65.19
[12:12] {dawg} half out .24
[12:12] {Threei} scalpers just get out
[12:12] {Threei} sharp spike
[12:13] {dawg} jout in full .29
[12:13] {Threei} daytraders, feel free to exit here
[12:13] {magoo} out here .37 TY BOSS
[12:13] {Threei} out .49 in full
[12:13] {Threei} whew
[12:13] {Threei} finally nailed a good one
[12:13] {magoo} really :)
[12:13] {Threei} +.84
[12:14] {Threei} if my math is correct
[12:14] {Chaeron} can you feed the Q's what you gave GS? :)
[12:14] {Threei} hash brownie?
[12:14] {peterg} good old days
[12:15] {Threei} this is "patience is a virtue" in action
[12:15] {Threei} waiting half of the day, to finally get a worthy one
[12:15] {Geo} ahhhh you saying patience is virtuous
[12:16] {patience} very
[12:16] {dptl} come on q's
[12:17] {Chaeron} hmmm... another oil tanker pirated? geesh
[12:18] {Threei} really/
[12:18] {Threei} ?
[12:18] {Chaeron} yeah... was on tv...
[12:18] {Geo} what has the world come too
[12:18] {dino} good girl patience
[12:18] {Geo} we cant control a bunch of rag tag somalies in rubber duckies
[12:18] {Chaeron} I think I'd look dashing with a sword
[12:18] {Threei} don't you find it hard to believe this kind of things is possible in 21st century?
[12:18] {Chaeron} oh not a tanker I think... just a ship
[12:19] {Chaeron} I'll find story
[12:19] {Chaeron} ... if you get Q's over .70
[12:19] {dino} either way pathetic
[12:19] {Threei} piracy was supposed to be this romanticized thing of the past... black patch over one eye, wooden leg, parrot on the shoulder, "ahoy mate"...
[12:19] {Geo} now its called investment bamking
[12:19] {Threei} bamking is right
[12:20] {dptl} damn it...stopped q's
[12:20] {Geo} sheesh
[12:20] {Geo} kille din Q and missed GS
[12:20] {Geo} i need how coco
[12:20] {Geo} hot
[12:21] {KSystems} I could offer you got salmon-flavoured coffee
[12:21] {KSystems} got=hot
[12:21] {dptl} taking a break...nothing but frustration this month for me...
[12:21] {Geo} thanks K
[12:21] {Chaeron} BEIJING, Nov 18 (Reuters) - A Hong Kong cargo ship loaded with wheat bound for Iran has been hijacked by pirates in the Gulf of Aden, the official Xinhua agency said on Tuesday citing China's maritime search and rescue centre.
[12:22] {Geo} wheat eh? wink wink
[12:22] {Threei} so they have bread and oil now
[12:22] {KSystems} what more do you need
[12:22] {KSystems} *sigh*
[12:22] {Threei} as soon as they hijack a ship loaded by CEDC, they are set
[12:29] {Threei} SENATOR SHELBY: THERE IS PRETTY MUCH NOTHING THE HEADS OF THE BIG THREE CAN SAY TO CONVINCE ME THEY DESERVE A BAILOUT
[12:29] {Threei} - Calls GM and Ford businesses based on a "failed model." A bailout would be "postponing the inevitable."
[12:30] {Threei} I think it was Unforgiven
[12:30] {Threei} "Deservin' ain't gotta do nothin' with it"
[12:31] {Threei} who cares whether they deserve it or not
[12:31] {Threei} think in categories of whether it's going to resolve something or not
[12:32] {dino} all they need is debtor guaranteed financing, chapter 11 bankruptcy. the govt. could do this much cheaper than forestalling the inevitable
[12:44] {Threei} whole discussion is somewhat out of this universe
[12:44] {Threei} I don't see anyone seriously addressing what is going to change the situation if they get money
[12:45] {Threei} is it just to finance current patroll and other expenses?
[12:45] {Threei} what to do after they burn through it?
[12:45] {Threei} if not, what is the money for?}
[12:50] {Geo} .
[12:51] {Threei} yeah
[12:51] {Geo} ok still here
[12:51] {Threei} let's paper shor Qs here
[12:51] {Threei} stop above .25
[12:57] {dino} some pain out there today, pru, met, deck, all infra stocks
[13:00] {Threei} NOV NAHB HOUSING MARKET INDEX: 9 V 14E
[13:01] {Threei} 1:1
[13:02] {Threei} thank s to bad housing numbers
[13:05] {Threei} AN ALL TIME LOW
[13:05] {Threei} - no revisions
[13:05] {Threei} - Reports notes that new lenders have pulled back as far as offering new loans
[13:05] {Threei} - NAHB Chmn "Tremendous economic uncertainties have driven consumers from the housing market, and it's going to take some major incentives to bring them back"
[13:07] {magoo} are we breaching any important support levels here?
[13:07] {Threei} not yet for NASDAQ
[13:07] {Threei} nor on DJI
[13:11] {Threei} this patient sitting out takes more energy than actually doing something, lol
[13:11] {Geo} why vad?
[13:11] {Threei} watching RIMM for bounce off 45 if market bounces
[13:12] {Geo} yo doing situps?
[13:13] {peterg} just went shopping to target & got cleaning supplies
[13:13] {peterg} shoppers shopping
[13:14] {peterg} no big ticket items
[13:14] {peterg} has anyone got a recommendation for toilet bowl cleaners?
[13:14] {Geo} in
[13:14] {peterg} what
[13:15] {magoo} dino cleans a mean tiolt
[13:16] {patience} ok, dino, looking forward to hearing your techniques
[13:16] {Threei} I am getting scared even thinking what this dicsussion will turn into in just a couple moments
[13:16] {peterg} I know, it was my bad
[13:16] {peterg} :)
[13:16] {Geo} out for .10
06[13:16] * Threei slaps Geo around a bit with a large trout
[13:16] {peterg} on Rimm?
[13:17] {Geo} well you guys were cleaning rimms !!!!
[13:17] {peterg} lol
[13:17] {peterg} also gj
[13:18] {Threei} RIMM... .80 break short if stays under 45
[13:18] {Threei} smaller shares, bigger hold
[13:19] {Threei} 20-25 cents stop is not much fore smaller shares
[13:19] {magoo} i actually shorted 45 and covered .80
[13:19] {Threei} why not
[13:19] {magoo} i did
[13:20] {dawg} in .98
[13:20] {Threei} nah
[13:21] {dawg} 200 shares
[13:22] {dawg} stop .27
[13:29] {peterg} RiMM doomed to cycle around 45 till something happens
[13:30] {peterg} everyone hypnotized?
[13:30] {peterg} take that as a yes
[13:31] {Threei} pretty much
[13:32] {Threei} believe it or not, even flow of smap e-mails slowed down to a crawl over last couple weeks
[13:32] {Threei} spam
[13:32] {Threei} used to get couple hundred a day, now barely 30
[13:37] {Threei} RIMM works for you dawg
[13:39] {dawg} out RIMM .66 +31 thanks Vad
[13:39] {Threei} welcome sir
[13:39] {dawg} .31
[13:39] {dawg} not a big winner but beats chasing cars
[13:39] {Threei} certainly
[13:39] {dawg} .)
[13:44] {Threei} took little QID
[13:45] {Threei} stop under 84.80
[13:45] {Threei} don't chase it
[13:45] {Threei} too volatile
[13:45] {Threei} got 85.11
[13:46] {Threei} WSJ: ONLINE SPENDING GROWTH AT LOWEST RATE SINCE 2001
[13:46] {Threei} {GOOG YHOO}
[13:46] {Threei} out .61
[13:49] {Threei} too soon
[13:52] {dino} the pattern may continue - - - + - - - (3 big down, one big up)
[13:53] {Threei} so, tomorrow's up?
[13:53] {dino} would like to see 8,050 area hold for higher low at least, previous was 7,965 11-13 and 7,880 in 2nd week oct.
[13:54] {dino} yes 3i, that has been dji pattern of late
[13:54] {Threei} we are about 150 from there
[13:54] {Threei} which in today's term can be a matter of 5 minutes of trading, lol
[13:54] {dino} i see it
[13:54] {dino} the bigger problem, imo, is we kep topping out lower.
[13:55] {Threei} and overall daily chart from let's say beginning of August is looking anything but bullish
[13:55] {dino} 9,625 11/4; 8,945 11/7; 8,835 11/13
[13:56] {Threei} inverted head and shoulder failed a few days ago
[13:56] {Threei} lows get threatened time and again
[13:56] {dino} triangle forming, which means, imo, a bigger move up or down on the break of it. i defer to you tho, as admittedly i don't know much about triangles
[13:57] {Threei} there is not much to know actually...
[13:57] {Threei} they are simple as rake
[13:57] {dino} que?
[13:58] {peterg} sake? japanese beverage
[13:58] {dino} :)
[13:58] {dino} but seriously, rake? explain
[13:59] {Threei} just a joking comparison... I mean, what is complicated about rake? :)
[13:59] {dino} roflol, trying to "see" into your mind
[13:59] {Geo} really vad
[13:59] {Threei} that should give you whole two minutes of work
[14:00] {dino} so, you too, keep it simple i see
[14:00] {Threei} keeping what simple?
[14:00] {Threei} :)
[14:01] {Threei} awww
[14:02] {Threei} thought of 85 as QID entry
[14:02] {Threei} and hesitated,
[14:02] {Threei} it did feel at the moment like another drop was coming
[14:02] {Threei} anyway... market bounce is more likely now
[14:03] {Threei} Qs long with stop under .60 worth a try
[14:03] {magoo} i like that
[14:03] {magoo} was gonna post
[14:04] {Threei} if you got Qs, chose between scalp and try for closer to 28
[14:04] {lisa_jay} entry Vad?
[14:04] {Threei} about here
[14:04] {dawg} in .69
[14:04] {Threei} good pullback for entry
[14:04] {dawg} Q's
[14:05] {Threei} but if loses .60, drop it like drunken sailor drops... err, never mind
[14:06] {Threei} come on market, show some spine
[14:07] {Threei} GOOG CEO SCHMID: OPTIMISTIC THE ECONOMY WILL RECOVER
[14:07] {Threei} good
[14:07] {Threei} now we can go
[14:07] {dino} well that should do it then
[14:07] {Threei} Schmid is optimistic
[14:07] {dawg} stopped Q's
[14:08] {lisa_jay} Stopped.
[14:08] {dino} 02:07 p.m. est.; "dino confident economy will recover too, timing uncertain."
[14:11] {lisa_jay} Well, i am out of q's play, so we should see good rally here :-)
[14:12] {Threei} it's dino's fault
[14:12] {Threei} he should have reiterated his confidence 1 min sooner
[14:12] {Threei} crap... lol
[14:13] {dino} c'mon i'm rehersing to be an analyist for the big boys
[14:19] {magoo} markets due for a bounce...TIMING uncertain lol
[14:19] {Threei} uhhu
[14:19] {Chaeron} no symbol found uhhu :)
[14:19] {Threei} these two days timing is all but impossible
[14:21] {dino} ya think?
[14:21] {Threei} well... at least as much as I think at all {G}
[14:26] {Threei} Qs, I am about to cry
[14:26] {Threei} loudly
[14:28] {Chaeron} "Bernake and Paulson are fighting the market... and there is no way anyone but the market will win..."
[14:29] {Chaeron} ooops sorry
[14:29] {Geo} hey i want to be in the supersecret room too
[14:29] {Chaeron} I'm in there by myself Geo... not that exciting :)
[14:29] {Geo} lol
[14:30] {Threei} here is siign of things to come when new worldwide agreement will be discussed:
[14:30] {Threei} ECB'S TRICHET: UK MUST RESPECT EU BUDGET RULES WHEN DRAWING UP FISCAL STIMULUS PLANS - Q&A
[14:30] {Geo} am I glad it wasnt some thing like...... "yes charo... I like hot chocolate too"
[14:31] {Threei} ok... if shake and jump is new pattern, waiting for Q under .70
[14:32] {Threei} what do you know... almost there
[14:33] {Threei} sheesh
[14:33] {Threei} I thought that was half joke
[14:33] {Threei} anyway, took .67
[14:34] {dptl} .70
[14:34] {Threei} if this one is stopped, I am in monastery for the next three years
[14:34] {Threei} no four
[14:34] {dawg} in .66
[14:35] {Threei} chaeron says 5, and he will join me
[14:35] {dptl} stop under .60?
[14:35] {Threei} yeah
[14:35] {Threei} problem with chaeron though, he brings about dosen of show girls with him
[14:36] {Geo} thats a problem?
[14:36] {Threei} not good for mental cleansing
[14:36] {Geo} ahhhh
[14:36] {Geo} forget the monasttery chaer... ill just visit laguna
[14:37] {Chaeron} dang it... missed !s
[14:37] {Chaeron} Qs
[14:38] {Threei} of course.. urgent round of calls to showgirls
[14:38] {Chaeron} the ykkep calling ME
[14:38] {Threei} kind of gets in the way of trading
[14:39] {Chaeron} and my typing is getting worse each day
[14:42] {Threei} half out for me
[14:42] {dawg} 1/2 out Q's .77 1:1
[14:42] {Threei} scalpers have over 1:1
[14:42] {Chaeron} #$%#
[14:43] {Threei} if you think Chaeron is upset about missing a play, think again
[14:44] {Threei} he is upset because he hoped for a stop, looked forward to 5 years of fun in that monastery
[14:44] {Chaeron} they have my room ready at a moment's notice
[14:44] {Threei} stop .64 for the balance
[14:45] {Threei} out
[14:45] {dawg} out
[14:46] {Threei} low is about to get retested
[14:46] {Threei} broken
[14:47] {Threei} good trail for the balance
[14:47] {Threei} PRU under 18, mama mia
[14:49] {Threei} now, every time we touched recent lows and penetrated them, we got that crazy snapback rally
[14:49] {Chaeron} sheesh PRU was 88 2 mos ago........
[14:49] {Threei} uhhu
[14:49] {Threei} that's why I switched to italian
[14:50] {Threei} NQ last low was 1108
[14:50] {Threei} just 6 points away
[14:50] {Chaeron} so enter where? :)
[14:50] {Threei} FED'S STERN: FED COULD CUT RATES BELOW 1% IF CONDITIONS WARRANT
[14:50] {Threei} - Deflation worries are 'premature'
[14:51] {Threei} are we going for zero rates environemnt?
[14:51] {Chaeron} hold out... maybe they can pay US to take out a loan
[14:52] {Threei} that policy didn't do much good for Japan
[14:52] {Threei} and in fct trapped it in a decade-long stagnation
[14:53] {Chaeron} and you think that the people in power here are any brighter????
[14:53] {Threei} god forbid
[14:53] {Threei} I just hope they can read
[14:53] {Threei} so they go wikipedia
[14:53] {Threei} and read an article on liquidity trap
[14:54] {Geo} damn legacy graduates
[14:54] {Chaeron} I think that we have more brains and talent in this room.......
[14:54] {Geo} why thank you chaeron
[14:54] {Chaeron} my pleasure Geo... I mean... LaserDave should be Sec of Defense just on his nick alone... noone would mess with us
[14:55] {Geo} true true
[14:55] {Threei} we have magoo second-quickest in unholstering the trout
[14:55] {Geo} lets keep muddleheaded out of this though
[14:55] {magoo} trout????
06[14:55] * magoo slaps Chaeron around a bit with a large trout
06[14:55] * Geo slaps magoo around a bit with a large trout
06[14:55] * magoo slaps Threei around a bit with a large trout
[14:56] {Chaeron} Muddlehead should take Paulson's or Bernake's positions... calling THEM a "muddlehead" is huge compliment
[14:56] {Threei} and raven and peter can spell
[14:56] {peterg} what?
[14:56] {Threei} words
[14:56] {Chaeron} someone just woke up
[14:57] {peterg} I shall be remembered for my small mindedness--fitting,
[14:57] {peterg} i suppose
[14:57] {Threei} worng peter
[14:57] {Threei} when our abilities are measurestick,
[14:57] {Threei} ability to spell is huge achievement
[14:57] {muddleheaded} What's going on here?
[14:58] {Threei} and if heavens forbid you know that thing
[14:58] {Threei} ummm
[14:58] {Threei} grammar
[14:58] {peterg} Chaeron, actually working in office all pm coming in on brakes
[14:58] {peterg} breaks
[14:58] {peterg} very kind of you vad
[14:58] {peterg} thks
[14:58] {Threei} we are forming goverment mudd
[14:58] {hawkfan4} lol
[14:58] {peterg} I am minister of spelling
[14:58] {Threei} OK guys, if you are up to try and catch that snapback should it occur
[14:59] {Threei} and be warned, it could cost a few papercuts
[14:59] {Chaeron} close to .40?
[14:59] {Threei} first try would be Qs long .51
[15:01] {magoo} in
[15:02] {Threei} if we are lucky, it jumps without shakeout attempt
[15:02] {Threei} do you feel lucky
[15:02] {dawg} in .49
[15:02] {Threei} ddo you magoo?
[15:02] {magoo} u full lot?
[15:02] {Threei} sure
[15:03] {Threei} stop is within my normal
[15:03] {Threei} F CEO: US INDUSTRY IS GROWING INCREASINGLY COMPETITIVE, BAILOUT PACKAGE MAKES MORE SENSE THAN INACTION
[15:03] {Threei} - Applies for Federal retooling loans, no specific amounts disclosed.
[15:03] {Threei} - Calls on the FDIC to approve Ford Credit's industrial loan bank application.
[15:04] {Threei} VEHICLE EXECS: AID PACKAGE MAKES MORE SENSE THAN INACTION, WILL SUBMIT APPLICATIONS FOR ENERGY LOANS TODAY, BAILOUT REQUIRE TO AVOID 'CATASTROPHIC COLLAPSE' OF US ECONOMY
[15:04] {Threei} {F GM}
[15:04] {magoo} wheres your stop?
[15:04] {Threei} CATASTROPHIC COLLAPS is exactly what market wants to hear to start rally
[15:04] {Threei} under .40
[15:04] {magoo} k
[15:05] {magoo} bunch of morons"shut dee trap"
[15:05] {Threei} break of .57 - .60 zone should do it
06[15:06] * Threei wears heavy duty army boots
[15:06] {magoo} ouch.HEY
[15:07] {Threei} half out +.17
[15:07] {Threei} scalpers know what to do
[15:07] {Threei} +.16 sorry
[15:07] {dawg} 1/2 half out .65 +14
06[15:08] * Chaeron slaps magoo around a bit with a large trout
06[15:09] * Threei attaches steel toes on the boots
[15:09] {magoo} out .73 TY
[15:09] {Threei} welcome
[15:09] {lisa_jay} Nice Vad..missed it so it rallies nicely.
[15:09] {Threei} out in full .83
[15:09] {Threei} fiiinally
[15:10] {Threei} why missed lisa.. it gave ample time for entry
[15:10] {dawg} all out .81 +.32 thanks you Vad great call
[15:10] {Threei} dawg :)
[15:10] {hawkfan4} nice one vad, thx
[15:10] {lisa_jay} Yes....please don't rub it in..sigh.
[15:10] {magoo} nice one lord vader
[15:11] {Threei} heavy pullback is likely now
[15:11] {Chaeron} in .51 out .82... +$0.31... thanks mucho Vad
[15:11] {Threei} I was wodenring chaeron... :)
[15:11] {Threei} REPORTEDLY PRESIDENT ELECT OBAMA HAS SELECTED ERIC HOLDER AS AG - NEWSWEEK
[15:11] {Threei} ag?
[15:12] {Chaeron} Atty General
[15:12] {Threei} ty
[15:12] {Chaeron} mp
[15:12] {Threei} US SEN DODD: HARD TO EXPLAIN ASSISTANCE TO AIG AND NOT AUTOMAKERS
[15:12] {Threei} (US) SENATOR SHELBY: THE AD-HOC NATURE OF THE GOVERNMENT'S FINANCIAL BAILOUT PROGRAM HAS RAISED MORTGAGE RATES
[15:12] {Threei} lol
[15:12] {Threei} unitended consequences anyone?
[15:15] {Threei} CHYSLER CEO: BANKRUPTCY IS NOT A GOOD OPTION FOR CHRYSLER OR THE AUTO INDUSTRY
[15:15] {Threei} no really?
[15:15] {Threei} we are learning guys
[15:16] {Threei} you noticed? This is practically first time when we got one of these violent snapbacks at the very beginning of it
[15:16] {Threei} and utilized it to better extent than scalp
[15:16] {lisa_jay} Yes.
[15:16] {dawg} yes
[15:17] {Threei} here comes my pullback
[15:19] {Chaeron} s Q's in .94 out .80 ... took +$0.14
[15:19] {Threei} you predator
[15:20] {Chaeron} again?
[15:20] {Threei} not sure
[15:20] {Threei} honestly, I don't expect this bounce to turn into one of those stunners that go for hundereds points
[15:22] {lisa_jay} wow
[15:22] {magoo} prob up 400 in last 15 minutes
[15:22] {magoo} just to piss me off
[15:22] {Threei} so lewt's buy next pullback
[15:23] {magoo} GS?
[15:23] {Threei} nah
[15:23] {Threei} Qs
[15:23] {Threei} there
[15:24] {Threei} dropped right into support
[15:25] {Threei} first strength from here
[15:25] {Threei} see how severe pullbacks are?
[15:26] {magoo} pretty hard pullnbk
[15:26] {Threei} in .79
[15:26] {Threei} stop under .70
[15:27] {dawg} in .79
[15:28] {Threei} CNBC'S GASPARINO: SOURCES SAY NY AG CUOMO IS CONSIDERING IMPLEMENTING "CLAWBACK" PROVISIONS THAT WOULD SEEK TO GREATLY REDUCE WALL STREET FIRM BONUS PAYMENTS
[15:28] {Threei} chaeron, maybe we need to abandon the plan of taking over MS
[15:28] {Threei} what's the point
[15:29] {Threei} no more bonuses
[15:29] {magoo} no money in it
[15:29] {Threei} yeah
[15:29] {Threei} let' rob mcdonalds instead
[15:29] {Threei} out .97
[15:29] {Threei} +.18
[15:29] {dawg} out /.94
[15:30] {dawg} thank you sir great call +15
[15:30] {Threei} :)
[15:30] {Chaeron} out .94, got +.14
[15:31] {Threei} great, now take this ski mask
[15:31] {Threei} look at GS
[15:32] {Threei} was I right dismissing it as market bounce play or what
[15:32] {dino} nice to see the 350+ range holding up
[15:32] {magoo} yes good call
[15:33] {Threei} geo... are you beathing over there?
[15:34] {Threei} breathing too
[15:34] {Geo} tough in the ski mask
[15:34] {Geo} got .16 TY vad........
[15:34] {Threei} :)
[15:34] {Threei} just keep the lower part over yuour mouth until we get into that mcdonalds, sheesh
[15:35] {Threei} these starting out robbers... gotta teach them everything
[15:35] {Geo} :)
[15:35] {Threei} and chaeron... you did instruct him we don't call each other by last names in a process, right?
[15:37] {dino} ok, we are getting bounce, so in 30 seconds drop us 80 dji
[15:38] {dino} 3:40 pop, now yesterday at 3:45 we died
[15:43] {Chaeron} right
[15:43] {magoo} not today dino
[15:43] {dino} bet?
[15:43] {Threei} lol, 2 minutes earlier
[15:43] {magoo} gotta keep mixing it up...keep everyone off balance
[15:43] {dino} there goes 60
[15:44] {dino} have to start going long 3:40, and short 3:43
[15:44] {dino} ok theres the 80 fast fall, does it continue?
[15:45] {Threei} imprwessive drop
[15:45] {Threei} bounce now
[15:45] {Threei} not huge but still
[15:45] {dino} you mean "nasty" drop
[15:45] {Threei} scalped Q .96 - .08
[15:45] {Threei} too fast call
[15:46] {dino} might as well just flip coins in this market
[15:47] {magoo} heads ..up...tails down
[15:47] {magoo} go ahead..flip it dino
[15:48] {magoo} it came up heads
[15:49] {Threei} ty
[15:50] {Threei} played the coin
[15:50] {magoo} lol
[15:50] {dino} you a lucky man
[15:50] {Threei} DE BEERS EXPECTS TO CUT CANADIAN DIAMOND OUTPUT BY 10-20% DUE TO SLOWDOWN
[15:50] {Threei} what?
[15:50] {Threei} diamonds are not forever?
[15:51] {dino} thats the problem, they don't wear out
[15:51] {patience} they do if you are drilling with diamind drill bits
[15:51] {dino} "no soup for you patience, two weeks"
[15:55] {magoo} 400 points in last 5 minutes? go ahead and flip dino
[15:55] {dino} you don't want me to
[15:55] {Threei} line in the sand continues being defended
[15:56] {magoo} so does our beer miester
[15:56] {Threei} once again market bounced quite a bit as soon as approached it
[15:56] {dino} can we get 2 ups in row in november?
[15:56] {Threei} only this time we got it for a play
[15:57] {dino} we only get 1/week
[15:58] {dino} maybe neg. close
[16:00] {Threei} sudden;y, turned out to be not a bad day
[16:00] {Threei} who knew
06[16:00] * magoo slaps Threei around a bit with a large trout
[16:00] {magoo} i knew
[16:00] {Threei} nope
[16:00] {Threei} your coin did
[16:00] {magoo} right
[16:00] {Threei} you just flipped it
[16:00] {Threei} server of the coin
[16:01] {magoo} dino flipped it..i called it
[16:01] {Threei} ok... caller of the coin
[16:02] {magoo} more important..anyone can flip it..it takes cahunas to call it
[16:02] {Threei} wow, Qs still go
[16:02] {Threei} OK guys, thank you
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow
[16:02] {Chaeron} it's 4:00????????
[16:02] {Chaeron} dang it
[16:02] {dino} still in one?
[16:03] {dawg} thanks all
[16:03] {magoo} ty all
[16:03] {dino} i will do better tomorrow, very confused today
[16:03] {Chaeron} dino... no... I was just having too much fun... thanks tho
[16:04] {dino} good then
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
[16:07] {magoo} fgood idea
[16:09] {Threei} what the
[16:09] {Threei} look nasdaq
[16:09] {Chaeron} Hey all... anyone trade small stocks online? Looking for a broker
[16:10] {dino} they are all small now
[16:10] {Chaeron} exactly
[16:10] {Chaeron} :)
[16:10] {KSystems} this is UN BE LIE VA BLE
[16:11] {Chaeron} sorry... meant Bulliten Board
[16:11] {dino} lol
[16:11] {Chaeron} I know, I know... They're ALL going to be BB soon....
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
[16:13] {magoo} f'in good idea
[16:13] {Chaeron} makes you just feel so dang good, don't it???
[16:13] {magoo} ive never seen q power up afterhours like this
[16:13] {magoo} indicates huge up tomorrow
[16:17] {Chaeron} I think that there are now 4 ships seized by pirates... the tanker with oil, a HongKong ship, now an Iranian cargo ship and a Danish oil ship off Nigeria...... what the.......?????
[16:17] {Chaeron} magoo... DCC
[16:18] {Chaeron} gotta tell you where the rum is for the pirates' meeting tonight...
[16:18] {magoo} there chaer

Nov 17 2008

Meaningless listless up and down, narrow and with no rhyme or rythm. Useless day. Win some, lose some, finished the day slightly in red. Fortunately, ceased activity just in time to stop accumulating needless stops.

Session Time: Mon Nov 17 00:00:00 2008

[08:21] {Threei} LVS
[08:21] {Threei} SUBSTANTIAL DOUBT ABOUT ABILITY FOR COMPANY TO RUN AS 'GOING CONCERN' HAS BEEN REMOVED DUE TO RECENT CAPITAL RAISE - FILING DATED11/10
[08:22] {Threei} 11/14/08 04:51pm
[08:22] {Threei} [GNW] Genworth Financial Inc Has reportedly applied for Savings and Loan status
[08:22] {Threei} - LNC has also reportedly applied for similar status
[08:22] {Threei} - To acquire InterBank fsb
[08:40] {wishbone} gm vad
[08:41] {Threei} wishbone :)
[08:48] {magoo} morn
[08:48] {Threei} magoo :)
[08:51] {hawkfan4} morning all
[08:52] {Threei} hawk :)
[08:54] {cosmo} ....Babies ....Bathwater ....Everywhere....
[08:55] {Threei} yup... make sure you have non-slippery shoes on
[08:55] {lisa_jay} Hi Vad.
[08:55] {cosmo} just keep your socks changed
[08:56] {Threei} lisa :)
[08:56] {lisa_jay} Good morning everyone.
[08:56] {Threei} and to be environemntally conscious, make sure those are bamboo socks
[08:56] {cosmo} oh?
[08:56] {Threei} advertised in local paper
[08:57] {cosmo} not hemp?
[08:57] {Threei} nope... bamboo
[08:57] {cosmo} times have changed
[08:58] {Threei} they do on hourly basis these days
[08:58] {cosmo} skeery
[08:58] {Threei} on Friday for instance, we went through both, extreme bull market which was never to end to total bear which was here forever
[08:59] {Threei} somehow they manage to live in peace next to each other, with barely a fence
[09:00] {cosmo} just bars
[09:00] {Threei} and pubs?
[09:00] {dino} gm all
[09:00] {Threei} dino :)
[09:00] {dino} another end of days it seems
[09:00] {Threei} yup
[09:01] {Threei} FED'S HOENIG: WORRIED ABOU THE IMPACT OF RECENT INTERVENTIONS
[09:01] {Threei} really?
[09:02] {Threei} (RU) RUSSIAN RTS EXCHANGE HALTED, LIMIT DOWN
[09:02] {Threei} why do they even bother to open it?
[09:03] {Threei} it seems to spend more time closed this fall than open
[09:07] {hawkfan4} lol, no kidding
[09:09] {Geo} gma all
[09:09] {Threei} geo :)
[09:10] {KSystems} *yawn*
[09:10] {KSystems} Good morning
[09:10] {Threei} KS :)
[09:10] {KSystems} Vad :)
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:15] {Threei} *OCT INDUSTRIAL PRODUCTION: 1.3% V 0.2%E;
[09:17] {Onix} Good morning all
[09:20] {Threei} onix :)
[09:23] {muddleheaded} Hi.
[09:23] {Threei} mudd :)
[09:24] {hawkfan4} muddleheaded, named for exactly how i feel this morning
[09:24] {dino} uthr
[09:24] {Threei} I'll join
[09:24] {Threei} LVS picking up strength again
[09:25] {magoo} working theory for today vad?
[09:26] {Threei} somehow, I have none at this point
[09:26] {Threei} can't tget any other feel that market being confused
[09:26] {Threei} that = than
[09:27] {Threei} want to wait a little, let it form opening range
[09:27] {Threei} see which way it breaks and how the break is met
[09:30] {ese} good morning.....interesting connection......took it about 30 sec to decide what it was doing
[09:30] {Threei} ese :)
[09:31] {Threei} Long Setup: LVS 7 break half lot
[09:31] {Threei} stop under 6.80
[09:31] {magoo} in
[09:31] {Threei} 1:1
[09:32] {lisa_jay} too fast for me.
[09:32] {Threei} half out, scalpers take profit
[09:32] {magoo} out TY
[09:32] {magoo} +.20
[09:32] {Threei} :)
[09:32] {tomg} thanks vad
[09:32] {Threei} tom :)
[09:33] {Threei} Short Setup: ADBE half lot .55 break if stays below .70
[09:34] {Threei} market drops, maybe aggressive entry
[09:34] {magoo} in
[09:34] {Threei} wow... late for aggressive, lol
[09:34] {magoo} .58
[09:34] {dptl} in.54
[09:35] {lisa_jay} in .55
[09:36] {dptl} stopped
[09:36] {magoo} st
[09:36] {lisa_jay} stopped.
[09:39] {Threei} Long Setup: FMCN .30 break if stays above .20
[09:43] {lisa_jay} Is FMCN still valid Vad?
[09:43] {Threei} could be with market strength returning... half lot
[09:44] {lisa_jay} ok, thanks
[09:44] {Threei} Long Setup: DRYS half lot .25 if stays above .10
[09:45] {dino} lod
[09:45] {lisa_jay} Dell still strong
[09:45] {Threei} yeah, tat's intriguing
[09:47] {Threei} if pulls back into .60, should be good entry
[09:49] {Threei} NASDAQ starts reluctantly looking like upward break
[09:49] {lisa_jay} DISH
[09:50] {Threei} Long Setup: QQQQ .70 if stays above .60
[09:51] {dptl} in .72
[09:53] {dptl} half out
[09:53] {dptl} .82 ty
[09:54] {Threei} BIDU, what carnage
[09:56] {magoo} news BIDU?
[09:56] {dino} met
[09:57] {hawkfan4} 7-Nov-08 09:35 ET In Play Baidu.com: Early weakness attributed to Forbes story about Baidu selling search links to medical cos with unapproved claims (162.17 -16.72)
[09:57] {peterg} late start, computer probls good morning all
[09:58] {dino} sm l met .80
[09:59] {hawkfan4} watching LVS pullback, maybe gap fill 6.15-6.20 for entry
[10:00] {dptl} stop under .70 qqqq?
[10:00] {dptl} for the balance
[10:01] {dino} met stopped -.33
[10:01] {Threei} some downgrades BIDU also
[10:01] {Threei} sure do, as usual
[10:02] {Threei} dp
[10:02] {Threei} yeah, LVS is getting interesting here for bounce
[10:02] {Threei} hi peter
[10:03] {lisa_jay} fmcn went up nicely
[10:04] {Threei} you took it lisa?
[10:04] {lisa_jay} Nope...
[10:04] {dino} saudi oil tanker attacked
[10:04] {lisa_jay} Why do u think it went up?
[10:05] {Threei} ummm
[10:05] {Threei} because of buyers... :)
[10:05] {lisa_jay} No silly...b/c i did not buy it.
[10:05] {hawkfan4} lol
[10:05] {Threei} oh
[10:05] {Threei} :)
[10:06] {lisa_jay} Another morning of needing to book quick profits.
[10:06] {Threei} a lot of indecisiveness in the market so far
[10:06] {lisa_jay} Had .10 on q's, .15 on DRYS.
[10:06] {Threei} but somehow there is afeeling of underlying strength
[10:07] {lisa_jay} Yes.
[10:07] {Threei} Long Setup: DISH .25 break if stays above .15
[10:09] {Threei} bounce canadidate instead
[10:09] {Threei} oh boy
[10:09] {Threei} I just noticed FEED
[10:09] {Threei} under $2??
[10:09] {hawkfan4} wow
[10:11] {Threei} we need some kind of "buy everything" button for when this market is finally done dropping
[10:11] {Threei} 'cause it's going to be a challenge to decide what to bujy
[10:12] {lisa_jay} DELL at .60
[10:12] {Threei} need market strength for entry
[10:13] {Threei} ideally, NASDAQ jumps up, DELL gives a little pause for entry
[10:16] {dino} dji lod
06[10:17] * laserdave1 slaps Threei around a bit with a large trout
[10:17] {Threei} good morning to you too dave
[10:18] {lisa_jay} serious selling
[10:19] {Threei} yup, staying on a sideline to see whether we bounce or consolidate and break down
[10:24] {Threei} bounce is unconvincing
[10:27] {Threei} not mych rythm to moves... hard to get a feel
[10:27] {Threei} not much to my typing either
[10:28] {Threei} Long Setup: UAUA 10.11 half lot if stays above 10
[10:29] {hawkfan4} LVS .28
[10:30] {dptl} in uaua .12
[10:30] {magoo} in .10
[10:32] {Threei} nice LVS hawk
[10:32] {Threei} BIDU
[10:32] {Threei} HEARING DEFENDED AT JP MORGAN (TIMING UNCERTAIN)
[10:33] {dino} sm risky l deck .75
[10:33] {dino} wide
[10:33] {hawkfan4} thx :)
[10:36] {laserdave1} dawg dcc please
[10:39] {Threei} ah come on UAUA
[10:39] {Threei} move already, while we are young
[10:39] {Threei} don't tell me 7 cents was all you were capable of
[10:40] {Threei} chart looks very nice starting rom 10:20
[10:40] {Threei} just no shakeouts please
[10:46] {Threei} quite jellyfish-like movements
[10:46] {Threei} US TREASURY: FED'S FINANCE BALANCE WILL FALL IN FUTURE WEEKS
[10:46] {Threei} thanks for that
[10:48] {Threei} sigh
[10:48] {dptl} yah...stopped
[10:51] {Threei} we need some kind of resolution
[10:52] {Threei} I am not too jazzed about these "little scalp, little stop" back and forth
[10:56] {Threei} can't think of better visual for this morning trading than
[10:56] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[10:58] {hawkfan4} lol, that's pretty much how i got myself to my office this morning
[10:58] {Threei} I am still on my way...
[10:58] {Chaeron} Good morning all
[10:59] {dino} urbn l .60 stop .47
[10:59] {Threei} chaeron :)
[11:04] {Threei} Long Setup: QQQQ .55
[11:04] {Threei} just a scalp
[11:04] {Threei} stop .49
[11:05] {Threei} out .65
[11:05] {Threei} WHITE HOUSE SPOKESPERSON NOTES THAT CONGRESS DOES NOT HAVE THE NECESSARY VOTES TO PASS ASSISTANCE FOR AUTOMAKERS
[11:05] {Threei} {GM F}
[11:05] {Threei} hmmm... and market spikes on this?
[11:06] {lisa_jay} Dell has become a teleporting stock.
[11:07] {dptl} grabed +.30 on cpo...almost flat now...wheeeu
[11:07] {lisa_jay} Nice Dptl.
[11:07] {dino} gj dp
[11:07] {dptl} ty
[11:08] {lisa_jay} ebay
[11:09] {dino} it should 3i, bailout is waste of $
[11:12] {Threei} you mean market has actually become rational about it?? :)
[11:12] {Threei} guys... stronger and stronger feeling, rally in the making
[11:12] {Threei} against all odds
[11:13] {Threei} wow
[11:13] {Threei} MARC CUBAN HAS BEEN CHARGED BY THE SEC WITH INSIDER TRADING - WSJ
[11:13] {Geo} about time
[11:13] {lisa_jay} Dell consolidating at 11
[11:13] {Threei} HIG
[11:13] {Threei} REPORTEDLY INJECTING $100M IN CAPITAL INTO RECENTLY ACQUIRED FEDERAL TRUST
[11:13] {Threei} - Reminder: On 11/14 HIG said it would acquire Federal Trust Bank, apply to TARP and apply to become a Savings and Loan Holding company.
[11:14] {Threei} dino... gut says anything?
[11:15] {Threei} volume lower on NQ/QQQQ pullback
[11:16] {dino} up big
[11:16] {Threei} high five
[11:16] {Threei} same here
[11:16] {dino} told magoo 30 minutes ago, something feels up
[11:16] {Threei} with a few more shakeouts prior ramp-up
[11:16] {dino} to easy down
[11:23] {dptl} off to visit eye doctor.....i hope i'll SEE you later...:)
[11:25] {Threei} ask him if he has any pills helping to turn charts in your eyes upside down
[11:25] {dptl} lol
[11:25] {Threei} would be a pleasure to find we had a big bull market over last year
[11:26] {Threei} and if market starts rallying for real, you just stop taking pills
[11:26] {Threei} simple as that - permanent bull market, nomatter what
[11:27] {KSystems} they should sell those pills for accounts as well
[11:27] {KSystems} not only charts
[11:28] {Threei} eve better idea
[11:28] {Threei} a lot of investors would have gladly bought couple boxes of pills
[11:34] {Threei} great
[11:34] {Threei} look at UAUA
[11:34] {Chaeron} I hate you......
[11:34] {Chaeron} (teasing)
[11:35] {Threei} that's OK, you are not alone
[11:35] {Geo} i think the markets are onto vad
[11:35] {Geo} they know his setups now
[11:36] {Threei} sure took them a while to figure those out
[11:36] {Threei} about 100 years
[11:48] {magoo} phone 4 you vad
[11:48] {dino} not in
[11:49] {Threei} I have earplugs in
[11:49] {magoo} its UAUA..says its important
[11:49] {Threei} tell it, I want it pullback to .20, I'll buy it
[11:50] {Threei} also, C
[11:50] {Threei} has a good shot at big recovery today
[11:51] {dino} urbn out .79, +.19
[11:51] {dino} too tight
[11:52] {hawkfan4} CIT 4, stop .94
[11:54] {muddleheaded} We might have a buy anything move here.
[11:54] {Threei} probably one last pullback
[11:54] {Threei} then explosion
[12:00] {dino} out deck 60.15, +1.40
[12:00] {Threei} beautiful
[12:00] {dino} ty
[12:00] {dino} too soon of course
[12:01] {Threei} good pullback C
[12:02] {Threei} wanted it a bit closer to .20
[12:04] {peterg} ok back again after computer fix
[12:05] {peterg} looks like ppl havn fun
[12:05] {KSystems} yay.
[12:06] {peterg} !
[12:24] {dino} emr sm l .00
[12:29] {Threei} sheesh, finding an entry is next to impossible
[12:29] {Threei} what a wierd way for market to rally today
[12:30] {Threei} sorry peter
[12:30] {Threei} weird
[12:30] {Threei} OK, if this pattern hold, then Qs should be a buy around 29
[12:31] {Threei} C around .60
[12:31] {Threei} DELL is questionable
[12:31] {Threei} UAUA I hate
[12:35] {Threei} C won't pull back anymore
[12:37] {Threei} US APPEALS COURT REINSTATES 2004 KICKBACKS CASE AGAINST HIG
[12:37] {Threei} jeez
[12:38] {Threei} not only there is a case for kickbacks, but it also was "made to go away" at some point?
[12:38] {Threei} OK, getting interested in C
[12:38] {dino} sm l met .51
[12:40] {Threei} .64 - .65 C long if holding .60
[12:50] {Geo} c is lagging...
[12:51] {Geo} didnt really follow the market well.....
[12:51] {Threei} yeah, tired a bit
[12:51] {Geo} good trading all.... off to work -96 today
[12:51] {Threei} take care geo
[12:51] {Threei} useless day so far
[12:51] {Geo} yeah :(
[12:58] {Threei} messy charts
[13:11] {laserdave1} dawg dcc please
[13:14] {dino} it's like breakouts are a failed stategy anymore
[13:14] {Threei} today for sure
[13:15] {Threei} breaks are false, followed by immediate pullback, and pullbacks are impossible to buy since they bottom out at random levels
[13:15] {dino} it's like you can read my mind
[13:15] {lisa_jay} And to add to that profits are slippery.
[13:15] {Threei} nah, we are just l;oking at the same charts
[13:16] {laserdave1} KSystems dcc please
[13:16] {Threei} laserdave is on dcc rampage
[13:16] {laserdave1} laserdave dcc please
[13:16] {laserdave1} :)
06[13:17] * KSystems slaps laserdave1 around a bit with a large trout
[13:17] {laserdave1} hey who taught him that?
[13:17] {Chaeron} :)
[13:18] {laserdave1} that was u Chaeron
[13:18] {laserdave1} niceee
[13:18] {Threei} dave you may not be aware of this,
[13:18] {Threei} but everyone upon connection to the room gets this automessage
[13:19] {Threei} with brief instiruction how to use trout and very short list of names to slap
[13:19] {Threei} very very short list
[13:19] {laserdave1} hahahhahaha
[13:19] {Threei} I mean extremely short
[13:20] {Threei} in fact, competition for that list was so severe
[13:20] {Threei} just one name made it
06[13:20] * KSystems slaps Threei around a bit with a large trout
[13:20] {Threei} OK, now you are venturing outside of that list
[13:20] {laserdave1} see what happens when u try to be funny
[13:21] {Threei} nothing really happens... unfortunately :(
[13:22] {Threei} IMF'S LIPSKY: GLOBAL STIMULUS AT APPROX 2% OF WORLD GDP IS JUSTIFIED, MANY ADVANCED AND EMERGING ECONOMIES CAN AFFORD TO EASE MONETARY POLICY
[13:22] {Threei} - Fiscal stimulus is more effective when implemented among key trading partners at the same time.
[13:22] {Threei} - Deleveraging will likely shift risk spreads to reduced volumes.
[13:22] {Threei} - Short-term liquidity facility may become part of the IMF's policy toolkit.
[13:22] {Threei} - The financial crisis has shown the limits of regulatory and supervisory regimes at the domestic and international levels
[13:24] {Threei} what's this deal with pirates and oil tanker
[13:24] {Threei} I mean, how do you hijack the tanker??
[13:25] {Threei} and where do you hide it?
[13:28] {Threei} and no chaeron, I am not asking in order to learn and apply the knowledge, stop dccing me with those 'I know how, let'd do it"
[13:29] {lisa_jay} lol
[13:29] {Threei} thank you lisa
[13:29] {Threei} I know it was amercy laugh but I appreciate the sentiment nonetheless
[13:30] {lisa_jay} No quiet funny...better then entering a trade b/c bored.
06[13:30] * Chaeron slaps Threei around a bit with a large trout
[13:31] {Chaeron} Threei has me confused with magoo
[13:37] {Threei} on a contrary... magoo told me he knows how but he is not taking me along, he'll do it himself
[13:46] {Threei} this reminds me beginning of last week... started out very slowly and boring too
[13:53] {Threei} C... going to try .35 long with stop under .30
[14:00] {Threei} invalidated
[14:14] {Threei} anyone has any trading ideas, feel free to share
[14:15] {Threei} 'cause I can't read jack in this mess
[14:16] {dptl} i am back....:) hows everything
[14:16] {Threei} same
[14:16] {Threei} yawn
[14:18] {lisa_jay} Q's double bottom?
[14:21] {dino} ice sm l .40 wide risky, needs mkt
[14:23] {dptl} hew?
[14:29] {dino} stopped
[14:33] {Threei} Ok guys, to distract from meaningless action for a minute, and give you something to think about
[14:33] {Threei} who is up for a week in Bahams in first half of April?
[14:34] {Threei} some trading seminars, market in general, and nice vacation
[14:34] {Threei} details to follow within couple weeks
[14:34] {Threei} meanwhile, have a look at your schedules
[14:34] {dino} possibly
[14:37] {Threei} anyone remembers SHLD above 100?
[14:38] {dino} f#####%g rinses
[14:38] {dino} 200 wasn't it, a big cramer buy
[14:39] {Threei} and they say Friday's are tough for trading
[14:39] {Threei} I personally hate Mondays
[14:41] {dino} mondays are my low days lately, positive 1 out of last 4
[14:43] {Threei} BUSH ADMINISTRATION WILL REPORTEDLY NOT LOOK TO PURSUE THE REMAINING $350BOF THE BAILOUT PACKAGE, ALLOW OBAMA ADMINISTRATION TO MAKE THE DECISION
[14:43] {Threei} nicey nicey
[14:43] {Threei} group hug in front of White House
[14:43] {Threei} Washington air filled with love
[14:44] {dino} sm risky, wide uthr l .10
[14:44] {Threei} why do I picture Chaeron ruining the idyllic picture with big fish in his hands
[14:44] {lisa_jay} c
[14:47] {dptl} xexe..they talking about russian hats on cnbc...lol
[14:48] {Threei} okay okay, I'll take it off
[14:49] {dptl} :)
[14:50] {dptl} faniest thing they sad...that russians called hats shapka lol
[14:50] {Threei} that's deep insight
[14:50] {dptl} lol
[14:51] {Threei} if I go to russian TV and say Americans call shapka a hat - will I be considered a specialist in American fashion and culture?
[14:52] {dptl} roflol
[14:52] {dptl} oh Cramer now....on Russia
[14:53] {Threei} he is a specialist too?
[14:53] {dptl} apperently....:)
[14:54] {muddleheaded} Anybody watch King of the Hill last night? They had a Cramer copy called "Dow Genius." Pretty funny, hopefully someone will post it on youtube.
[14:55] {Threei} no... but I did watch a Quantum of Solace on Fri
[14:56] {muddleheaded} Was it good?
[14:57] {Threei} well... I maybe niot the right person to ask since I like all Binds :)
[14:57] {Threei} Bonds
[14:57] {Threei} except Die Another day
[14:57] {Threei} but yeah, I do like the flavor Craig brings to this role
[14:58] {dino} uthr stop to b/e
[14:58] {Threei} and ukrainian girl is a stunner
[14:58] {dino} i saw some of it mud
[14:58] {muddleheaded} Cool.
[14:59] {Threei} some of it?
[14:59] {Threei} have you fallen asleep? :)
[14:59] {dino} stopped uthr flat
[14:59] {Threei} oh, you mean King of the Hill... lol
[15:00] {dino} i did, lol
[15:00] {Threei} meanignless up and down continue...
[15:02] {muddleheaded} I gotta go, enjoy the rest of the day everybody.
[15:03] {dino} rinsed!!!!!!!!!!!!!!!
[15:06] {Threei} take care mudd
[15:08] {Threei} ADBE
[15:08] {Threei} CEO: GLOBAL FINANCIAL CRISIS IS EXPECTED TO HAVE SHORT TERM IMPACT ON BUSINESS
[15:08] {Threei} CEDC TICKS HIGHER AFTER POSITIVE COMMENTS BY JIM CRAMER
[15:11] {Threei} I want to short SHLD badly
[15:11] {Threei} oh good, no in short list
[15:12] {Threei} one rinse less
[15:13] {magoo} look at the minute q chart
[15:13] {magoo} wtf
[15:13] {Threei} saw
[15:14] {Threei} with irregular teeth
[15:14] {magoo} it looks like my tracks home from pub sat nite
[15:14] {dino} not much bounce cetv
[15:15] {lisa_jay} Breakout now?or fakeout?
[15:15] {Threei} good question
[15:15] {Threei} all breakouts today turned to be fake
[15:16] {lisa_jay} Yes.
[15:16] {dino} ice last try l .50
[15:16] {Threei} choice is between risk of another rinse and missing the real one
[15:17] {dino} just short when i go long, getting r8insed everywhere, and when i stop out, go long
[15:17] {dptl} ok...have a good evening all:)
[15:17] {Threei} what?
[15:17] {dino} cya dp
[15:17] {Threei} you want to leave us to suffer alone?
[15:17] {Threei} stay and suffer with us!
[15:17] {dptl} xe xe:)
[15:18] {Threei} what kind of comradiere is that
[15:18] {dino} look uthr, stops me flat and goes 1.20
[15:18] {dino} unf.gbelievable
[15:19] {Threei} just one of those days
[15:23] {Threei} there you go
[15:24] {Threei} another fake
[15:25] {Threei} GM
[15:25] {Threei} TO REPORTEDLY DELAY INCENTIVE PAYMENTS TO US DEALER BY TWO WEEKS TO ASSIST LIQUIDITY
[15:37] {Threei} here it's coming again?
[15:37] {Threei} lisa... that breakout answered our question
[15:37] {Threei} with resounding no
[15:38] {lisa_jay} Breakdown, sigh.
[15:38] {dino} well, i guess just one more down day
[15:38] {dino} then up one day
[15:38] {Threei} yeah, what's the problem
[15:39] {dino} pattern - - - + - - -
[15:40] {dino} 3:40 rally attempt, clockwork
[15:42] {Threei} one thing I am happy about todsay
[15:42] {Threei} moving to sideline and staying there whole second half of the day
[15:42] {Threei} look at this seesaw of QQQQ,
[15:42] {Threei} those all are stops stops stops if you try to play it
[15:43] {dino} ouch met, pru -20% today
[15:43] {Threei} I think it's a side effect of HIG
[15:53] {Threei} remember when I said I wanted to short SHLD?
[15:54] {Threei} dollar down since then
[15:54] {wishbone} bye all
[15:54] {Threei} I guess I can consider it my biggest achievement for the day
[15:54] {Threei} take care wishbone
[15:56] {Threei} whoa
[15:56] {Threei} SHLD
[15:56] {dino} cya wish
[15:57] {Threei} -200 DJI
[15:57] {Threei} just another day in the office
[15:58] {Geo} back
[15:59] {Geo} you guys did good today?
[15:59] {Threei} didn't do anything at all
[15:59] {Geo} i guess being flat is a position
[15:59] {Threei} no single frikin trade since you left
[15:59] {Geo} really?
[15:59] {Geo} so i guess you missed me lol
[15:59] {Threei} very much so
[15:59] {Threei} btw, who are you?
[15:59] {Geo} I am Geo from LA
[16:00] {patience} no trades for me today...not my type of market....sigh
[16:00] {Threei} ah yes... yeah, we missed you
[16:00] {dino} loser for me
[16:00] {Threei} (whispering) folks,anyone remembers who this guy geo is?
[16:00] {Geo} yeah still at -96 from the morning
[16:00] {Threei} whom we missed so much?
[16:00] {Geo} HEY
[16:00] {Geo} if I would be here you all would be killing it
[16:01] {Geo} I am the resident mascot
[16:01] {Threei} OK... be here tomorrow please
[16:01] {Geo} :)
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {lisa_jay} Bye Vad. Thanks.
[16:01] {Geo} few rules i need to be here onix needs to be absent and chaer need to take the opposite position[16:03] P16:03} {magoo} good nite'
[16:04] {dino} lol geo