Nov 25 2008

Somewhat boring and mildly profitable day. Just 5 trades, 4 of them wins, 1 stop. Couple worked nicely, particularly UAUA for 40 cents. Boring though. Though profitable. Even though boring. But I am willing to yawn on my way to the bank.

Session Time: Tue Nov 25 00:00:00 2008

[08:11] {Threei}  PREVIEW: Q3 PRELIMINARY GDP PRICE INDEX AND CORE PCE Q/Q DUE AT 8:30 AM

[08:11] {Threei}  Consensus expectations:

[08:11] {Threei}  - GDP Price Index: 4.2% v 4.2% last

[08:11] {Threei}  - Core PCE Q/Q: 2.9% v 2.9% last

[08:11] {Threei}  PREVIEW: Q3 PRELIMINARY GDP ANNUALIZED AND PERSONAL CONSUMPTION DUE AT 8:30 AM

[08:11] {Threei}  - GDP Annualized: -0.5% v -0.3% prior

[08:11] {Threei}  - Personal Consumption: -3.2% v -3.1% prior

[08:15] {Threei}  *FED TO BUY $100B IN GSE DEBT

[08:15] {Threei}  {FRE FNM}

[08:19] {Threei}  *FED TO BUY $100B IN GSE DEBT, $500B IN MORTGAGE SECURITIES; EXTENDING $200B IN LOANS UNDER CONSUMER CREDIT FACILITY

[08:31] {Threei}  Q3 PRELIMINARY GDP ANNUALIZED: -0.5% V -0.5%E; PERSONAL CONSUMPTION: -3.7% V -3.2%E

[08:31] {Threei}  Q3 PRELIMINARY GDP PRICE INDEX: 4.2% V 4.2%E; CORE PCE Q/Q: 2.6% V 2.9%E

[08:35] {Threei}  C worth watching for pullback

[08:36] {Threei}  quite sustaned buying

[08:39] {hawkfan4} good morning vad, all

[08:39] {Threei}  good morning

[08:47] {dino} gm all, 4" of snow

[08:47] {Threei}  wow dino

[08:47] {Threei}  that's yikes

[08:47] {patience} i'll take your snow if you mow my lawn

[08:47] {patience} gm RT

[08:48] {Threei}  patience :)

[08:48] {Threei}  you are saying that only 'cause you never really cleaned the snow

[08:48] {dino} lol patience, but yeah, i'd take that trade

[08:48] {dino} i enjoy the mind numbness of mowing the lawn

[08:49] {patience} good, takes 2 hours to do it

[08:49] {Threei}  PIMCO'S MCCULLEY: INFLATION IS NOT A PROBLEM RIGHT NOW, MAY RE-EMERGE AS AN ISSUE IN FIVE OR TEN YEARS - CNBC INTERVIEW

[08:49] {Threei}  5 or 10 years?

[08:49] {patience} under a year

[08:49] {Threei}  how delusional are these guys?

[08:49] {dino} lol 5 or 10 years, i'm thinking this summer

[08:50] {Threei}  I will be pleasantly surprized if it takes more than one year

[08:50] {dino} tbt will be bought to play it

[08:51] {peterg} morning: no snow; might mow once more or forget it

[08:51] {peterg} takes 10 minute4s

[08:51] {Threei}  peter :)

[08:51] {Threei}  I did yesterday... next time will be in Feb I think

[08:51] {dino} 3 hours for mine peter, but its what i call "down time"

[08:52] {peterg} nice

[08:52] {peterg} off 2 day job; back in 2

[08:57] {dino} rtp smackdown

[08:57] {wishbone} gm

[08:58] {Threei}  wishbone :)

[08:59] {Threei}  C formed JBE

[08:59] {Threei}  .30 -.42

[08:59] {dino} watch the gap, imo

[08:59] {Threei}  premarket is not the best time for technical setups of course

[09:00] {KSystems} Good morning!

[09:01] {Threei}  KS :)

[09:04] {Threei}  UAUA

[09:04] {Threei}  SEES Q4 ACOUNTING CHARGES TRIMMING PASSENGER REVENUE BY $64M

[09:05] {lisa_jay} Good morning.

[09:06] {Threei}  lisa :)

[09:13] {Geo} gm

[09:16] {Threei}  geo :)

[09:18] {dptl} good morning all

[09:19] {lisa_jay} 10 am Paulson and 12 Obama on news.

[09:19] {Threei}  dp :)

[09:19] {Threei}  yeah... talking heads add uncertainty

[09:21] {dino} ya think? lol

[09:21] {Threei}  well, look... having all these guys stating obvious left and right, I ahve to comptete somehow

[09:21] {Threei}  compete

[09:22] {Threei}  you have to agree - it's hard to beat the guy who says "we are in crisis"

[09:22] {Threei}  the best thing I could think of is, "today is Nov 25"

[09:24] {Threei}  (FR) FRENCH PM: FRANCE WILL SHORTLY UNVEIL MEASURES TO AID THE AUTO INDUSTRY SOON, REITERATES THAT EUROPE NEEDS A LARGE STIMULUS PACKAGE

[09:28] {Geo} I guess we should trade today

[09:28] {Threei}  see? competition grows

[09:29] {Threei}  working assumption so far, pullback, then rally continuation

[09:30] {Threei}  watching UAUA for sharp pullback

[09:31] {Threei}  possible entry around 9.20

[09:32] {Threei}  wow

[09:32] {Threei}  what was that

[09:35] {Threei}  first attempt at entry, C around .20

[09:36] {Threei}  if not losing ,30 anymore then .40 break is entry

[09:36] {Threei}  more risky than pure pullback

[09:38] {dino} rimm blood

[09:39] {Threei}  WHITE HOUSE ECON ADVISOR LAZEAR: NOTES THAT NOW IS NOT THE TIME FOR SAVINGS LEVELS TO GO UP -CNBC

[09:40] {Threei}  hh?

[09:41] {dino} hmmmmmmm

[09:42] {dino} is it ever then?

[09:42] {Threei}  go out and shop to help economy?

[09:43] {lisa_jay} C still valid Vad? Buy at .20

[09:43] {Threei}  not price per se

[09:43] {Threei}  it's a support zone, need it to stabilize there

[09:44] {Threei}  and market to establish pullback bottom and start upward move

[09:44] {Threei}  neither happened yet

[09:46] {Threei}  if market shows strength here, let's modify play: .31 entry if stays above .20

[09:49] {Threei}  UAUA amazingly strong

[09:49] {Threei}  no pullback to speak of for entry

[09:49] {Geo} cal too

[09:53] {Threei}  JNPR

[09:53] {Threei}  watching for entry for bounce

[09:56] {Threei}  .91 if stays above .80 and market shows uptick

[09:58] {dino} sm s mcd .50

[09:59] {Threei}  let's trail C stop to .24

[10:00] {Threei}  JNPR over 1:1, half out, scalpers take profit

[10:00] {Threei}  NOV CONSUMER CONFIDENCE: 44.9 V 38.0E

[10:00] {Threei}  - prior revised from 38.0 to 38.8

[10:00] {Threei}  cool... consumers are confident

[10:00] {Threei}  lol

[10:01] {Threei}  and hey, they have all the reasons to be:

[10:01] {Threei}  *NOV RICHMOND FED MANUFACTURING INDEX: -38 V -27E

[10:01] {Threei}  (US) TREASURY SEC PAULSON: PLEDGES TO USE ALL TOOLS AVAILABLE TO SLOW THE ECONOMIC SPILLOVER

[10:01] {Threei}  - Asset-backed securities are essentially frozen

[10:01] {Threei}  can I see his toolbox?

[10:02] {dino} mcd stopped/cov .80, -.30

[10:02] {Threei}  more reasons for confidence:

[10:02] {Threei}  FDIC: TROUBLED BANK LIST GREW TO 171 IN Q3, V 117 Q/Q

[10:04] {Threei}  more from amazing Paulson:

[10:04] {Threei}  NEW FACILITY IS AIMED AT RESTORING AFFORDABLE MORTGAGE FINANCE

[10:04] {Threei}  - The lack of consumer credit is weakening economy, asset-backed securities are essentially frozen.

[10:04] {Threei}  - Warns it will take time to work thorugh the many economic problems faced by the economy.

[10:04] {Threei}  - The $20B for consumer credit is targeted at reducing the cost of small business loans.

[10:04] {Threei}  I give up

[10:04] {Threei}  I am no master of stating the obvious anymore

[10:04] {Threei}  this beats anything I could ever come up with:

[10:04] {Threei}  Warns it will take time to work thorugh the many economic problems faced by the economy

[10:05] {hawkfan4} lol

[10:05] {Threei}  and if he alone was not enough to beat me:

[10:06] {Threei}  FDIC'S BAIR: CHALLENGING CREDIT SITUATION WILL CONTINUE IN NEAR FUTURE

[10:06] {Threei}  {--- crying

[10:07] {Threei}  C over 1:1, half out, scalpers take profit

[10:07] {dino} xom l .99

[10:13] {Chaeron} good morning all

[10:13] {Threei}  Chaeron :)

[10:17] {Threei} Long Setup:  DELL  .26 if stays above .15

[10:17] {Threei} Short Setup: ADBE  .74 half lot

[10:18] {Threei}  if stays below .90

[10:21] {Threei}  C UPDATE: UBS CUTS PRICE TARGET 54% TO $6.50

[10:21] {dino} wmt sm s .40, stop .70

[10:22] {Threei}  not delighted by ADBE action, let's trail stop to .86

[10:25] {dino} xom stopped -.38

[10:25] {patience} not my type of market today

[10:25] {dino} markets whippier today

[10:26] {dino} trouble here too patience

[10:26] {patience} paulson keeps talking, doesn't he know when to leave the stage

[10:26] {Threei}  his last days of limelight

[10:27] {Threei}  with Forbes calling him the worst Sec of Treas in modern times, gotta do some image repair I guess

[10:27] {patience} that i should have the chance to live on  his retirement income

[10:27] {patience} he's not hurting

[10:29] {Threei}  C 1:2, 1/4 more out

[10:30] {Threei}  offering last 1/4 at .63 with stop .39

[10:30] {lisa_jay} ADBE stopped

[10:30] {Threei}  yup

[10:31] {Threei}  speech is done

[10:31] {Threei}  do I hear "heck of a job Paulie"?

[10:32] {patience} i'm asleep, is the market alive still?

[10:33] {patience} that would be a 'no'

[10:34] {dino} alive, yes, rinsing me all over

[10:34] {dino} 77-124 range dji

[10:34] {Threei}  C stop to .44 for the last portion

[10:40] {Threei}  out C

[10:40] {dino} rimm -10%

[10:41] {peterg} should i get the blackberry storm?

[10:42] {Threei}  11/25/08 01:19am

[10:42] {Threei}  According to research firm Gartner, 2009 device sales volumes will see a single-digit contraction

[10:42] {Threei}  re: RIMM

[10:42] {Threei}  - Back on 10/17, the sales chief for Sony Ericsson said that he saw the handset market growing in 2009, although at a lower rate than the 10% growth seen in 2008.

[10:42] {Threei}  - Also, on 10/16, NOK's CEO would not comment on the 2009 handset market.

[10:42] {peterg} not if i buy the new phone

[10:42] {peterg} plus my kids new phones

[10:44] {dino} lol

[10:44] {Geo} my GOD MAN  !!!

[10:44] {Geo} how many kids do you have?????

[10:45] {peterg} probly not enuf

[10:45] {peterg} just feels like it

[10:45] {peterg} :)

[10:46] {peterg} ok going across street to look at new phone. Dont buy anything till I'm back

[10:48] {Threei}  come on

[10:48] {Threei}  we will load up on RIMM

[10:48] {Threei}  just tell us you are buying those phones

[10:49] {peterg} am trader; must watch first, then get setup, then make move

[10:49] {peterg} this will take hours

[10:49] {peterg} unless you tell me what to do now

[10:49] {Threei}  ok, short RIMM meanhwile then

[10:49] {Threei}  and cover on your buy

[10:49] {KSystems} play scalper for a day then, peter!

[10:50] {KSystems} take phone for 20 secs, then throw it back

[10:50] {peterg} very good!

[10:51] {Threei} Short Setup: RIMM  41 breakdown if stays under .20

[10:51] {Threei}  smaller shares

[10:53] {Threei}  over 1:1, cover half

[10:54] {dino} cov wmt .00, +.40

[10:54] {peterg} bad timing but made a dime, ty vad

[10:54] {Threei}  :)

[10:55] {Threei}  stop above .10

[11:01] {dino} sm l apol .89

[11:03] {Threei}  not very active day so far

[11:03] {Threei}  but we are 3 for 4 so far

[11:03] {Threei}  let' stay patient and picky

[11:05] {dino} apol stopped

[11:08] {Threei}  ADBE is holding oddly well

[11:09] {Threei}  will be my long candidate if market decides to reverse

[11:10] {Threei}  by the way guys, while it's quiet out there

[11:10] {Threei}  we have short day on Friday,

[11:10] {Threei}  probably just couple hours of effective trading if that

[11:10] {Threei}  after that I'll leave for the weekend,

[11:11] {dptl} and closed thursday ,right?

[11:11] {hawkfan4} good plan

[11:11] {dino} yes dp

[11:11] {Threei}  spend couple days in Tofino, hopefully lucky enough to watch winter storms

[11:11] {Chaeron} take some pics

[11:11] {Threei}  It's a half day drive

[11:12] {Threei}  so I will have to miss Monday

[11:12] {wishbone} ohhh you're gonna like that Vad!

[11:12] {Threei}  and be back with you on Tuesday

[11:12] {Threei}  I am looking forqard wishbone

[11:12] {Threei}  forward too

[11:12] {hawkfan4} Vad, what part of the island are you on?

[11:12] {dino} mcd sm l .15

[11:12] {Threei}  will you survive without me Monday?

[11:12] {Threei}  Victoria, hawk

[11:12] {Threei}  southern tip

[11:13] {hawkfan4} cool beans, looks beautiful

[11:13] {Threei}  sure is

[11:14] {Threei}  jimmyg... since your trial time falls on a short week, let's extned it till the end of the next one

[11:14] {Threei}  fair?

[11:15] {wishbone} Vad, at the Wicanninnish Inn they have speakers in the rooms so you can hear the ocean

[11:15] {Threei}  cool

[11:15] {Threei}  I am staying at Middle beach lodge

[11:16] {wishbone} oh not sure where that one is

[11:16] {Threei}  http://www.middlebeach.com/

[11:18] {peterg} ok, back, bought the blackberry storm for delivery 12/1

[11:18] {peterg} 12/15. 

[11:18] {peterg} heavily discounted but enuf to spur uptick

[11:18] {peterg} in rimm

[11:18] {Threei}  ok, long

[11:19] {Threei}  how much is the monthly plan peter?

[11:19] {peterg} plus $30 for data plan; on top of existing family plan

[11:19] {peterg} plus text packages for college kids

[11:20] {peterg} i'll be at about $180 for four phones

[11:20] {peterg} maybe 170

[11:21] {peterg} rimm going down; they saw I paid 150 for phone, not 200 or 250

[11:24] {Threei}  argh

[11:24] {Threei}  forgot about DELL :(

[11:24] {Threei}  watch for pullback

[11:24] {Threei}  anyone took .26?

[11:27] {peterg} nope; in fantasyland about new phone

[11:27] {peterg} happiness at last

[11:27] {peterg} forever

[11:27] {Threei}  lol

[11:28] {dino} lol

[11:29] {Threei}  so how come you all ignored DELL?

[11:30] {Threei}  OK, I have ADD... but whole room can't be this way, can it?

[11:30] {wishbone} changed windows from dell to adbe

[11:30] {hawkfan4} lol, trading minis right now

[11:30] {wishbone} :( cause that was a sweet call!

[11:30] {Geo} these guys werent ignoring dell 

[11:31] {Threei}  ah

[11:31] {hawkfan4} and I also have ADD

[11:31] {Threei}  I got it

[11:31] {Threei}  they were ignoring me

[11:32] {peterg} I didn't want to say it.

[11:32] {peterg} not nice

[11:32] {peterg} i am always nice

[11:33] {peterg} just ask wife

[11:33] {Geo} see how I said "these guys" ?

[11:33] {Threei}  that's OK peter

[11:33] {Threei}  I don't do nice well

[11:33] {Threei}  and fairly comfortable with being ignored

[11:33] {Geo} just ask his wife

[11:33] {Geo} lol

[11:34] {peterg} looking at best buy black friday specials

[11:35] {peterg} if they have to sell this stuff to stay in bsns, watch out

[11:35] {Threei}  you can ask her geo, but she is almost sure to ignore you

[11:35] {Geo} nah vad it was just aplay on the following

[11:35] {Geo} [08:33] {peterg} just ask wife

[11:36] {Geo} i was going to be in seaworld on thanksgiving.... drat.....

[11:36] {Geo} the only 2 days of the year its going to rain

[11:36] {Threei}  and I played on the idea that she is so well trained to ignore me... and don't you hate jokes explained, lol

[11:36] {peterg} let me explain why this is funny...................

[11:36] {Geo} kill me know

[11:37] {peterg} what about seaworld?

[11:37] {Geo} san diego

[11:37] {peterg} why not go?

[11:37] {Geo} newer rains but is those 2 days

[11:37] {Threei}  fabulous place

[11:37] {peterg} aside from boring for those over 10

[11:37] {Geo} probably my 6th time

[11:37] {Threei}  eeck

[11:37] {peterg} or iam thingking of place in fla.

[11:37] {peterg} run down decrepit

[11:37] {Geo} hwy what are you going to do aith a 2 and 4 year old

[11:38] {peterg} maybe not seaworld, but something else

[11:38] {Geo} sea world san diego is nice

[11:38] {peterg} right geo, good plan

[11:38] {Threei}  very

[11:38] {Geo} and the annheiser bush  helps too

[11:38] {Threei}  killer whale show is something

[11:38] {dino} out mcd .65, +.50

[11:38] {Threei}  oh come on DELL, pull back, will ya

[11:38] {Geo} hawk dcc pls

[11:39] {Threei}  wtg dino

[11:39] {Geo} nice dino

[11:39] {dino} ty

[11:42] {Geo} does this qualify as pullback?

[11:43] {Threei}  barely

[11:44] {Threei}  setup on a break is valid technically speaking... but I am so hesitant to chase anything in this market

[11:55] {dino} sm l rimm.98

[11:58] {Geo} obama speaking on economy at 12

[12:00] {Threei}  here he is

[12:04] {Threei}  lol

[12:04] {Threei}  Vegetarian is an old Native American word for "bad hunter"

[12:04] {wishbone} lol

[12:04] {hawkfan4} lol

[12:08] {wishbone} is that joke a registered trademark of Vad Graifer Incorporated? 'Cause I'd liek to use it first chance iget

[12:09] {Threei}  nah... use it freely

[12:09] {Threei}  lifted it myself

[12:11] {Threei}  about the only thing I copyright is this:

[12:11] {Threei}  yawn ©

[12:11] {KSystems} still looking for an attorney help me put a patent on my salmon-flavoured coffee syrup

[12:11] {KSystems} but well

[12:11] {KSystems} no chance

[12:11] {wishbone} yum

[12:14] {Threei}  I think the more president-elct learns about the state of economy the more he wishes he were back on campaign trail

[12:15] {wishbone} jan 21, 2009 NEws Headline: The President was found whimpering on the Oval office floor curled up in the fetal position

[12:15] {dino} don't kid yourself, this is the ultimate power trip

[12:16] {brian3579} Have a good holiday all be back in a little more than a week off to Florida to get married

[12:16] {Threei}  congratulations brian, have a safe trip

[12:16] {patience} congrats brian, the very best to both of you

[12:16] {hawkfan4} wow, congrats

[12:16] {Threei}  enjoy!

[12:16] {Geo} congrats brian

[12:16] {wishbone} congrats brian

[12:16] {Geo} see vad..........

[12:16] {Geo} he beat your weekend trip didnt he?

[12:16] {Threei}  sure did

[12:17] {brian3579} ty all 

[12:17] {Threei}  I am NOT getting married on mine

[12:17] {Threei}  I actually considered it but wife objected

[12:17] {peterg} AP- After several days without luck, astronauts finally ran a successful test on equipment that turns urine into drinking water - a necessity for supporting the international space stations's crew, which will soon double.

[12:17] {Threei}  brian... no computer access for a week

[12:18] {peterg} congratulations brian

[12:18] {dino} congrats brian

[12:18] {brian3579} going to leave all computers home 

[12:19] {Threei}  no laptop?

[12:19] {Threei}  not entering internet cafes?

[12:19] {Threei}  not using business center in hotel?

[12:19] {Threei}  not watching CNBC?

[12:19] {brian3579} we had a long talk about this last night lol

[12:19] {Threei}  those are all necessary conditions for a happy start of family life :)

[12:20] {dino} lol

[12:23] {peterg} dino--what is the trajectory of the dj for rest of day?

[12:24] {peterg} & where end?

[12:25] {dino} lol

[12:25] {dino} gut says range bound between -100 to +80

[12:25] {peterg} seems reasonable

[12:25] {dino} gut is full of ham sandwich though, so may be a bit "off"

[12:26] {peterg} think ill get lunch too

[12:26] {dino} feels like it's a scalpers day

[12:26] {peterg} little bit here, little bit there

[12:27] {dino} yes

[12:34] {peterg} ok lunch, chicken chili soup w black beans

[12:40] {dino}  mcd l .88

06[12:41] * magoo slaps Threei around a bit with a large trout

[12:41] {Threei}  wow

[12:41] {Threei}  that was sneaky

[12:42] {Threei}  hi mags

[12:42] {Threei}  but look how I can rehabilitate myself:

06[12:42] * Threei slaps laserdave1 around a bit with a large trout

06[12:42] * Chaeron slaps laserdave1 around a bit with a large trout

06[12:42] * Chaeron slaps magoo around a bit with a large trout

[12:45] {peterg} some one pushed my buy button for rimm;

[12:45] {peterg} made a dime

[12:45] {peterg} nearly freaked

[12:45] {magoo} makingany $$

[12:45] {Threei}  yesterday was pure beauty

[12:45] {peterg} 300 sh

[12:45] {Threei}  today is boring but still profitable, 3 for 4

[12:46] {peterg} plus ghost trade

[12:46] {Threei}  peter... got ghosts?

[12:46] {Threei}  lol

[12:46] {dino} stop  mcd

[12:46] {peterg} it seems to

[12:46] {peterg} so

[12:47] {magoo} i knew yester would be goo with me out

[12:47] {Threei}  incredibly calm and confident day yesterday, not seen since I don't know how long

[12:49] {magoo} grrrrrrrr

[12:49] {dino} seems i'm wrong broke the -100

[12:50] {peterg} ham factor

[12:50] {dino} lol

[12:51] {dino} rimm stopped -.30

[12:54] {Threei}  YAYA sizeable pullback

[12:55] {Threei}  UAUA

[12:55] {Chaeron} lol

[12:55] {Threei}  watching for bounce scalp if market bounces

[12:55] {Threei}  lol

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

[12:55] {Chaeron} heheh... worth it

[12:59] {Threei}  teleportation into .40s is coming it seems

[12:59] {Chaeron} ?

[13:00] {peterg} for uaua

[13:00] {Threei}  or yaya

[13:00] {peterg} likie yaya

[13:00] {Threei}  not worse than LULU

[13:00] {Chaeron} .40's? as in short?

[13:00] {Threei}  or favorite chaeron's stock ZIXI

[13:00] {Threei}  no

[13:00] {Chaeron} I love saying that symbol...

[13:01] {KSystems} wasnt there a symbol GRRR once?

[13:01] {Threei}  for a quick entry for bounce scalp

[13:01] {Chaeron} no that's just Threei getting mad

[13:01] {Threei}  there was RRRR

[13:01] {Threei}  seriously

[13:01] {Threei}  in 1999

[13:07] {magoo} u in ua ua?

[13:07] {magoo} or ya ya 

[13:07] {magoo} ya ya sisterhood 

[13:07] {magoo} of revolving jeans

[13:08] {Threei}  no mags

[13:08] {Threei}  expected one more leg down before bounce

[13:09] {Threei}  evolving jeans?

[13:09] {Threei}  where the heck is this coming from?? :)

[13:09] {magoo} any news rimm aapl vad?

[13:09] {Geo} obviously vad doesnt read popular literature

[13:09] {Threei}  not really, there was some piece in the morning about weakening demand for their devises

[13:10] {magoo} ah ty

[13:10] {Threei}  but then peter went and bought 4 phones

[13:10] {magoo} yes,,sisterhood of ya ya

[13:10] {Threei}  so that was aleviated

[13:10] {peterg} but i bought one

[13:10] {peterg} just one

[13:10] {peterg} kids can use bricks 

[13:10] {Geo} in ,54 out .64 on lot

[13:10] {Threei}  Geo... I do my best to catch up on cultural references

[13:10] {Threei}  but it's a long way you know

[13:11] {Geo} had gooten in long ago on NQ uptick.... cant even remember when

[13:11] {Threei}  up to 35 I read only what was translated to Russian (or written in it of course)

[13:13] {Geo} i just know em from the books that passes my wife's deks

[13:13] {Geo} desks

[13:15] {peterg} uauauauauauauuauauauauau

[13:15] {peterg} what?

[13:15] {peterg} cries of frustration

[13:16] {peterg} Vad: being bored is good

[13:16] {peterg} better bored than gored

[13:16] {peterg} new motto for trading room

[13:20] {magoo} vad...why was GS as high as 74? news?

[13:20] {Threei}  nah

[13:27] {Chaeron} ADBE

[13:27] {dino} spike

[13:27] {dino} why not magoo, why not

[13:28] {Threei}  guys, for you to digest, before details are available

[13:29] {dino} ?

[13:29] {Threei}  APPROX APRIL 4 TO 13, 2009

[13:29] {Threei}  At Atlantis Convention Centre, Coral Towers, Nassau, Bahamas

[13:29] {Threei}  trading conference with a lot of seminars and other stuff

[13:30] {Threei}  I will let you know when details are worked out, and I know exactly number of my seminars

[13:30] {dino} ok

[13:30] {Threei}  for now just have a look at your schedules

[13:30] {Threei}  think if such vacation fits in your plans

[13:32] {magoo} vad..poewer up here

[13:34] {dino} bj l sm .90, stop lod

[13:36] {Threei}  DELL probably desrves a shot if market continues up

[13:37] {Threei}  .64-.65 long

[13:37] {magoo} full?

[13:37] {Threei}  sure

[13:37] {Threei}  seriably if holding above .55

[13:37] {Threei}  desirably

[13:39] {peterg} mkt is gooey

[13:39] {Chaeron} mmmmmmmmmmmmmm goooooooey......

[13:40] {peterg} warm melting choc fondue, etc

[13:41] {Threei}  so far so good, held .55

[13:41] {Threei}  need strong market push now

[13:42] {Threei}  for break and continuation

[13:43] {peterg} dribble..........

[13:44] {Threei}  no push

[13:44] {Threei}  yet

[13:44] {peterg} hope plotzes eternal

[13:45] {peterg} eyes glazing over

[13:45] {peterg} brain cells slowly winking off

[13:46] {Threei}  my brain cells when I demand something from them answer: hey, what do you want from us, we are very grey matter

[13:46] {peterg} lol

[13:46] {peterg} dark matter

[13:47] {peterg} black hole

[13:47] {peterg} anti matter

[13:47] {peterg} whats the matter

[13:47] {peterg} better take a break BRB

[13:51] {peterg} ok what do the witches say, "Boil & bubble, toil and trouble?"

[13:51] {Chaeron} peter needs a vacation....... Vad? take him with you?

[13:52] {peterg} Thks chaeron, going to miami beach tmo

[13:52] {Chaeron} great! drive to the Key West

[13:53] {peterg} probly just walk beach up & down wih  rest of old folks

[13:53] {peterg} pick out shiny red walker with bell and brake

[13:55] {peterg} borrow mo-in-law's std aluminum model

[13:56] {peterg} ok, I'll take my morbid ideas off for a while, do some day job. Back for the close. Have fun, make money

[14:13] {Threei}  ok guys, are you ready for some serious laughter?

[14:13] {Threei}  analyzing traffic stats for RT,

[14:14] {Threei}  guess what word is in first thirty,

[14:14] {Geo} gooey?

[14:14] {Threei}  much higher than let's say word "chart"

[14:14] {Geo} trout?

[14:14] {Threei}  you got it

[14:14] {Geo} lol

[14:14] {Threei}  from now on, everyone substitutes chart for trout

[14:14] {Geo} from now on..... this is what i use

06[14:15] * Geo throws scalping money on vad

[14:15] {Threei}  you are getting me fishermen instead of traders!

06[14:15] * KSystems slaps Threei around a bit with a large chart

06[14:15] * Geo slaps vad with his scalping dollars

[14:15] {Threei}  that's it

06[14:16] * Geo slaps Threei with a bundle of cash

[14:17] {Geo} nah not as good as trout

[14:18] {Geo} oh my god !!!!!!!!!!!!!!

[14:18] {Geo} MCD raised prices of burger to 1.19

[14:18] {Geo} thats a bloomberg headline

[14:19] {dino} what happened to deflation

[14:20] {Threei}  we are going for reflation now

[14:21] {dino} risky wide sm l deck .72

[14:33] {Threei}  what an unbelievable yawn© today

[14:38] {Raven}  MCD burgers are not food

[14:44] {Threei}  if market climbs slowly, UAUA .50 break long

[14:45] {Threei}  with stop under .40

[14:45] {dino} out deck .22, +.50

[14:45] {Threei}  good one

[14:45] {dino} ty

[14:45] {wishbone} nw

[14:51] {laserdave1} dawg dcc please

[14:56] {magoo} i yaya

[14:56] {Threei}  took .45

[14:56] {dino} all sm l .22

[14:56] {Threei}  it gave delay when NQ spiked

[14:56] {Threei}  so I grabbed it aggressively

[14:56] {Geo} entered cal .12

[14:58] {Threei}  US HOUSE FINANCIAL SERVICE COMMITTEE TO CONDUCT HEARING ON AUTO BAILOUT ON DEC 5

[14:58] {Threei}  {GM F}

[14:58] {magoo} greem

[14:58] {Threei}  half out

[15:01] {Threei}  it it teleports quickly into support, going to get that half back

[15:01] {magoo} over 11  target?

[15:02] {Threei}  if market stages strong rally, quite possibly

[15:04] {Threei}  offering 1/4 more .75

[15:04] {Threei}  hit

[15:04] {magoo} out here .78 TY

[15:04] {Threei}  last portion .90

[15:04] {dino} out bj .30, +.40

[15:04] {Threei}  welcome sir

[15:04] {lisa_jay} .22 on UAUA thanks Vad.

[15:04] {Threei}  lisa :)

[15:04] {Geo} still in half cal from .12

[15:04] {dino} all stop to .62

[15:04] {Threei}  anyone else took YAYA, sibling of LULU and cousin of ZIXI?

[15:05] {jmb} Thanks Vad UAUA

[15:05] {Threei}  jmb :)

[15:05] {dino} out all .72, +.50

[15:06] {wishbone} uaua +.16-.20 ty 3i

[15:06] {dino} apol sm l .00

[15:06] {Threei}  good job guys

[15:06] {Threei}  sleepy or not, you are focused

[15:07] {Geo} all out .47

[15:07] {Geo} TY vad

[15:07] {Threei}  welcome

[15:07] {Threei}  even though it's kind of derivative from my call, I'll take the credit

[15:07] {dino} stop apol, -.20

[15:07] {Geo} exactly was using your timing

[15:08] {Threei}  even if you weren't, I'd take the credit anyway

06[15:08] * Geo slaps Threei a bit with bundles of cash

[15:08] {Threei}  I am credit-hogger

[15:09] {Threei}  out last portion .85

[15:09] {Threei}  +.40

[15:09] {wishbone} nice

[15:09] {Threei}  wow, what happened to our market climb

[15:09] {Threei}  who unplugged the market?

[15:09] {Threei}  stop tripping over the cord guys

[15:10] {dino} opps

06[15:18] * Threei slaps dptl around a bit with chart of a climbing market

[15:19] {dptl} :)

[15:21] {Threei}  just wanted to suggest you stop drinking and playing with buttons Market Up and Market Down

[15:23] {dino} market hasn't done the 300 pt ange yet today

06[15:24] * KSystems slaps Threei around a bit with a large trout

[15:25] {Threei}  hey, we decided to do away with fish

[15:26] {Threei}  chart of uptrending market

[15:26] {Threei}  scalping setup

[15:26] {Threei}  pile of cash

06[15:26] * Geo slaps Geo with scalping for studs book

[15:26] {Geo} can you add a few automated one vad?

[15:28] {Threei}  looking into it

[15:30] {Threei}  hmmm

[15:30] {Threei}  news item fro AKNS, solar stock caught my attention

[15:30] {Threei}  DISCLOSES IN FILING DATED 11/14 THAT IT WAS NOT IN COMPLAINCE WITH TANGIBLE NET WORTH CONVENANTS AS OF SEPT 30; COMERICA PROVIDED WAIVER

[15:30] {Threei}  Comerica?

06[15:30] * KSystems slaps Geo around a bit with a large roll of cash

[15:30] {Threei}  doesn't remind you anything?

[15:30] {Geo} nice

[15:31] {Threei}  come on... dino, magoo

[15:31] {magoo} huh?

[15:31] {Threei}  Seinfield?

06[15:31] * KSystems slaps Threei around a bit with a large Master Profit Plan

[15:32] {Threei}  How did Kramewr called his enterprise?

[15:32] {Threei}  Kramer

[15:32] {magoo} oh HE HE

[15:32] {hawkfan4} Kramerica

[15:32] {Threei}  yes sir :)

[15:33] {hawkfan4} maybe AKNS should work on developing a big rubber ball of oil

[15:34] {Threei}  there you go

[15:34] {dino}  lol

[15:35] {Threei}  see geo... at least some parts of culture I soak in... especially when it's about nothing

[15:35] {Geo} :)

[15:35] {Geo} if you havent read sisterhood of the travelling pants\

[15:35] {Geo} youre not accultured

[15:36] {dino} layn l .02

[15:41] {patience} no trades for me today, talk about feast or famine

[15:44] {Threei}  C

[15:44] {Threei}  CARLOS SLIM HAS REPORTEDLY PURCHASED 26M SHARES OF CITGROUP WITHIN LAST WEEK, PAYING $134M

[15:44] {magoo} wqere up 100 dino

[15:45] {Geo} decent day...... broke my 1X (200)

[15:46] {lisa_jay} Geo what is your trade size...for full, half and small.  Thanks.

[15:46] {dino} gj geo

[15:46] {Geo} these days 400 or less

[15:46] {Geo} got greedy too fast and paid for it so... on a diet

06[15:47] * Geo hits himslef on head with MPP scaling chapter as a nod to vad

[15:47] {lisa_jay} Yeah.  Choppy few weeks.

[15:49] {dino} 400/day is a lot of money annualized

[15:49] {Geo} no dino.... 400 is lot size

[15:49] {Geo} goal is 200 for this year

[15:49] {dino} ok, lol

[15:49] {dino} missed that

[15:49] {magoo} goal is 200 loty size?

[15:50] {lisa_jay} sigh.

[15:50] {lisa_jay} sorry i started it :-)

[15:50] {Geo} goal is lots of size magoo :)

[15:50] {dino} out layn, .12, +.10

[15:50] {Threei}  goal is $200/year

06[15:50] * Geo slaps magoo with vanison chop

[15:50] {Geo} ven

[15:51] {Threei}  learn to read finally magoo

[15:51] {Threei}  see:

[15:51] {Threei}  15:49] {Geo} goal is 200 for this year

[15:51] {Geo} 200k vad

[15:51] {Geo} youre confused

[15:51] {dino} so a buck a day give or take

[15:51] {Geo} heheheh

[15:51] {dino} roflol

[15:51] {Geo} i am striving.....

[15:52] {Geo} i suddenly want a red robin burger........

[15:53] {Raven}  Red Robin burger are food

[15:53] {Geo} hey dino you heard about that lady in Penn?

[15:53] {dino} nope

[15:53] {peterg} ok, any last minute scalpes?

[15:53] {Threei}  too jerky

[15:53] {Geo} the one who is suing a sheriff who revoked her license as she was packing a revolver in kids basketball game

[15:53] {dino} layn thinking peter

[15:54] {magoo} robin burger tastes too jerky?

[15:54] {Threei}  ok, trying new scripts

[15:54] {Raven}  sigh

[15:54] {dino} oh yeah, thats only 45 min. from me, big group of them

[15:54] {Threei}  who volunteers?

[15:54] {Geo} interesting group dino

06[15:54] * Threei slaps Geo around a bit with a large roll of cash

06[15:54] * Threei slaps Geo around a bit with a large scalping course

[15:54] {Geo} nice

06[15:54] * Threei slaps Geo around a bit with a large daytrading course

06[15:54] * dptl slaps Geo around a bit with a large trout

06[15:54] * Threei slaps Geo around a bit with a large Master Profit Plan

[15:55] {Geo} hey how do we get this????

[15:55] {dino} missed layn peter

[15:55] {dino} wanted .94

[15:55] {Geo} well all make our own

[15:55] {peterg} yep thiks

[15:56] {Threei}  I will send it when it's fully done Geo

[15:56] {Threei}  easy to do

[15:56] {Geo} cool

[15:56] {Geo} ill add my own content

[15:57] {peterg} uhoh

[15:57] {peterg} what u thinking

[15:57] {peterg} geo

[15:57] {magoo} ty guys..made some cake

[15:57] {Threei}  his imagination revolves around fifferent types of fish peter

[15:57] {magoo} fresh out of the woos

[15:57] {dino} ok, at .02 peter

[15:57] {peterg} squid

[15:57] {magoo} woods

[15:58] {Threei}  mags :)

[15:58] {peterg} ok?

[15:58] {peterg} no such symbol

[15:58] {magoo} makes me feel less guilty missing work vad

[15:59] {Geo} i cant think of amything except redrobin right now peter

[15:59] {dptl} have a good evening all

[15:59] {dino} out .14, +.12

06[15:59] * Threei slaps Geo around a bit with a large chart of uptrending market

06[15:59] * Threei slaps Geo around a bit with a large book of Techniques of Tape Reading

[15:59] {Geo} lol

[15:59] {Threei}  OK, now it's ready

[15:59] {dino} you get that peter

[16:00] {peterg} no, what?

[16:00] {dino} layn

[16:00] {Threei}  magoo... less guilty???

[16:00] {peterg} dam missed

[16:00] {peterg} thanks dino you da man

[16:00] {Threei}  ugh, he left

[16:00] {magoo} yeah...missed monday

[16:00] {dino} just trying to do my job

06[16:00] * Threei slaps magoo around a bit with a large chart of uptrending market

[16:00] {dino} had a nice pattern for size

[16:00] {Threei}  Ok guys, thank you all

[16:01] {Geo} ty all

[16:01] {Threei}  have a good evening, see you tomorrow

[16:01] {peterg} Ill see you tuesday vad

[16:01] {Threei}  be safe peter

[16:01] {peterg} maybe fri am, but i think you are off

[16:01] {peterg} you too big guy

[16:01] {magoo} good nite all...and to all a good nite

[16:01] {Threei}  I'll be here in the morning

[16:02] {dino} i'm here fri, off mon and tues

[16:02] {magoo} im out until noon tomorrow

Nov 24 2008

Beautiful calm strong day. Not much of hectic action except last 10-15 minutes. Just one small stop at the beginning of day, the rest of trades worked like charm, and many for much more than scalps. Notably, GG for $1, QQQQ for 50 cents, etc. Nice to see normal action for a change. Got a whiff of what was coming early:

{10:09}  my impression of market action is, it wants to climb the wall of worry today. Barring news, feels like we are in for a nice upside move

... and stayed with it, catching second leg of the rally just in time:

{13:58}  feels like market gathering forces and probing ground for another powerful rally. One more pullback is likely before main push comes.

Worked out like a clockwork.

Session Time: Mon Nov 24 00:00:00 2008

[08:20] {Threei}  11/23/08 11:31pm

[08:20] {Threei}  [C] Citigroup Inc *WSJ REPORTS US GOVT MOVES TO GUARANTEE $300B IN COMPANY'S TROUBLED ASSETS

[08:20] {Threei}  - The government plans to inject a further $20B in Citigroup, although it will charge a higher interest rate for the injection (8% for first few years).

[08:57] {wishbone} gm

[08:57] {Threei}  wishbone :)

[08:59] {hawkfan4} good morning

[09:00] {KSystems} Good morning!

[09:00] {Threei}  KS :)

[09:00] {Threei}  hawk :)

[09:01] {lisa_jay} Good morning.

[09:02] {Threei}  lisa :)

[09:07] {Geo} gm

[09:08] {Threei}  Geo :)

[09:09] {Threei}  US PRESIDENT BUSH WILL REPORTEDLY MEET WITH TREASURY'S PAULSON AND ISSUE STATEMENT AT APPROX 10:35AM

[09:09] {cosmo} wonderfull...

[09:09] {Threei}  yeah

[09:10] {Threei}  "after long and torturous negotiations we came to conclusion that Chicago hot dog is preferable to New York steak"

[09:11] {Threei}  that would give marjet a clear message that all is fine

[09:11] {ese} good morning all

[09:11] {Threei}  ese :)

[09:11] {cosmo} i used to read the news... now i read the Desiderata

[09:11] {Threei}  C CFO: REITERATES THAT CITI REMAINS WELL CAPITALIZED, CAN "NEVER SAY NEVER" REGARDING THE NEED FOR FURTHER CAPITAL INJECTIONS - CNBC INTERVIEW

[09:12] {lisa_jay} My platform gives message: RULE 48 invoked today .

[09:13] {ese} OHHHH NOOOO!!!!! Paulson to speak again........prepare for the 1000pt tank in the market....can't the 2 of them just shut up for a while....

[09:13] {Geo} you have to prepay your stock taxes lisa

[09:13] {lisa_jay} :-)

[09:16] {Threei}  C will probably be one of the most promising (and dangerous) players today

[09:17] {dino} gm all

[09:17] {Threei}  dino :)

[09:18] {dino} hotdogs vs steak, interesting conversation today

[09:18] {Threei}  gotta start a week somewhere...

[09:19] {Threei}  and this is short one

[09:19] {cosmo} turkey dogs?

[09:19] {Threei}  so I try to cover a lot of topics in a shortest time possible

[09:23] {dino} had hotdogs and beans at hunting cabin last night, have to say, i've missed them

[09:24] {dino} so the big question, does the open gap up get filled as usual/

[09:25] {Threei}  they've been filled so regularly for so long, at some point market should stp doing that in order to kill too comlacent traders that xcontinue bet on it

[09:25] {Threei}  whether it's today or not is anyone's guess of course

[09:25] {Threei}  but feels like we have a good chance today

[09:26] {cosmo} QID investors beware..

[09:27] {Threei}  anyway, let's not guess and go with action

[09:27] {Threei}  market acts especially nasty on Mondays lately

[09:27] {Threei}  a lot of chop chop

[09:28] {dptl} good morning all

[09:28] {Threei}  dp :)

[09:28] {dino} we must make lots of $ today so we can tease magoo for slacking off

[09:29] {Threei}  where is he?

[09:29] {Threei}  deer hunting?

[09:30] {Threei}  C bounce off 5.70

[09:31] {ese} L.. AAUK .48

[09:32] {Threei}  if not losing 5.90 anymore, 6 break is long trigger

[09:34] {Chaeron} Good morning all

[09:34] {Threei}  chaeron :)

[09:35] {ese} CCCCCHHHHHH.....

[09:35] {ese} that felt god

[09:35] {ese} hadn't done that in a while

[09:35] {Geo} filled .02 stopped

[09:36] {ese} out aauk......-.02

[09:36] {ese} thought it had enough to strength to carry on up

[09:37] {lisa_jay} stopped c

[09:37] {Chaeron} hey ese... :) 

[09:37] {Threei}  market is locked in 5 points range

[09:37] {ese} ch

[09:37] {Threei}  neds break to define direction

[09:40] {dino} needs gap fill imo

[09:40] {Threei}  ADBE strangely strong

[09:41] {Threei} Long Setup:  ADBE  22.10 break if stays above 21.9o, with market bounce

[09:43] {dino} bj, mcd, wmt all going neg

[09:44] {ese}  LOng Hero .81

[09:44] {ese} 1/2

[09:45] {ese} stop .69

[09:46] {dino} uso dropping es

[09:47] {ese} ya

[09:47] {ese} not lookin god here

[09:48] {Threei}  ok market, let's bounce some

[09:48] {Threei}  hardcore scalpers can keep ADBE stop around .95

[09:49] {dino} wmt sm l .70, stop lod

[09:53] {ese} want Hero to bounce like USO.....

[09:55] {Threei}  masrket is in bad need of some coffee

[09:56] {ese} indeed

06[09:56] * Threei kick ADBE in the rear

[09:56] {Threei}  and I am in bad need of typing lessons

[09:57] {Threei}  did I manage any single line today with less than 2 mistypes?

[09:57] {ese} Mavis Beacon typing program.....my daughter is using it

[09:58] {ese} Ok uso bouncing....what about HERO??

[09:58] {Threei}  Attention:  ADBE  half out here

[09:58] {dino} all this hero talk making me hungry

[09:58] {Threei}  scalpres take your profits

[09:58] {ese} ack acka dak....dak acka ack.......sometimes works

[09:59] {Chaeron} took +0.12 on ADBE   in at .11, out at .23  Thanks Vad

[09:59] {dino} all sam l .25

[09:59] {Threei}  stop for the balance to ynder 22.05

[10:00] {lisa_jay} 10c ADBE thanks Vad

[10:00] {Threei}  OCT EXISTING HOME SALES: 4.98MM V 5.00ME

[10:00] {peterg} hello all

[10:00] {Threei}  peter :)

[10:00] {ese} peter

[10:01] {Threei}  stop to under 22.10

[10:01] {peterg} yo es

[10:01] {dino} hod

[10:03] {wishbone} vad what time did you enter ADBE?

[10:03] {ese} shoulda been in USO

[10:04] {Threei}  9:42:43

[10:04] {wishbone} ok ty

[10:05] {Threei} Long Setup:  GG  .40 break smaller shares, stop under .20

[10:07] {ese} wishbone.....I need ya baby....break it down the middle and give me the biger half for HERO

[10:07] {Threei}  lol

[10:07] {wishbone} ?

[10:07] {Threei}  you guys have been drinking heavily this weekend, haven't you

[10:08] {Threei}  ese means your nick, wish :)

[10:08] {ese} the wishbone man the wishbone.......it's a good luck thing

[10:08] {wishbone} ya//lol

[10:08] {wishbone} i suddenly have craving for turkey ese!

[10:09] {ese} me also!!!

[10:09] {Threei}  my impression of market action is,

[10:09] {Threei}  it wants to climb the wall of worry today

[10:09] {ese} hmmmmm

[10:09] {Threei}  barring news, feels like we are in for a nice upside move

[10:10] {Threei}  Attention:  GG  stop to under .30

[10:10] {dino} now why do you have to say it like that

[10:10] {ese} theres that touchy feely thing from Vad agaqin.....

[10:10] {Threei}  half out

[10:10] {Threei}  not a scalp for me

[10:11] {Threei}  want it over 27 for full out

[10:11] {ese} HERO to the rescue

[10:11] {Threei}  I am a very touchy-feely type, dino, yeah :)

[10:11] {lisa_jay} Thanks Vad, got 28c on GG.

[10:11] {Threei}  good job lisa

[10:12] {wishbone} gg +34 ty3i

[10:12] {Threei}  HSBC CHMN: WOULD NOT RULE OUT BUYING CITIGROUP ASSETS

[10:12] {Threei}  {HBC}

[10:12] {Threei}  welcome wish

[10:13] {dino} out wmt .20, +.50

[10:13] {Threei}  nice

[10:13] {lisa_jay} nice one

[10:14] {dino} ty

[10:14] {Threei} Long Setup:  QQQQ  .51

[10:15] {Threei}  stop under .40

[10:15] {Threei}  for hardcore scalpers stop under .45

[10:17] {ese} Hero stop o break even .81

[10:22] {lisa_jay} gg over 27

[10:22] {Geo} still in half

[10:22] {Threei}  waiting for last spike Geo

[10:22] {Geo} :)

[10:22] {lisa_jay} nice

[10:22] {Threei}  but it's quite discretionary here

[10:22] {Geo} i am just triling stop 

[10:22] {dino} afam sm l .00

[10:23] {Threei}  tril baby tril

[10:23] {Geo} heheheh

[10:23] {Threei}  Attention:  QQQQ  half out

[10:23] {Threei}  scalpers out in full

[10:23] {ese} out HERO .03  +.21

[10:23] {ese} had to work that one....

[10:24] {Threei}  work? Monday morning?

[10:24] {Threei}  ewww

[10:24] {ese} wish i could do your kind of work all the time vad

[10:24] {Threei}  come on guys, that WAS funny

[10:25] {ese} tukey it is wishbone!!!!

[10:25] {Threei}  [10:22] {Geo} i am just triling stop

[10:25] {Threei}  [10:23] {Threei} tril baby tril

[10:25] {Threei}  sigh

[10:25] {Threei}  {--- deeply underappreciated

[10:25] {Threei}  out GG +$1

[10:25] {Geo} [07:23] {Geo} heheheh

[10:25] {Chaeron} only in the humor dept

[10:25] {Chaeron} oh, and singing

[10:26] {Threei}  no, in singing department I am fairly hated

[10:26] {Chaeron} ah

[10:26] {Threei}  anyone had guts to hold GG for a full dollar?

[10:26] {ese} not i

[10:26] {Chaeron} well, I took +0.14 on the Q's .. in .51 out .65 Thanks

[10:26] {Threei}  pesky scalpers...

[10:27] {Geo} .37 10 .46

[10:27] {Geo} to

[10:27] {Geo} 1.09

[10:27] {Threei}  Qs is almost at 1:2

[10:27] {patience} i am, on canadian side, up $3.30 so far, still holding

[10:27] {Geo} ty lord vader

[10:27] {Threei}  welcome guys

[10:28] {Threei}  1:3

[10:28] {Threei}  full out

[10:28] {ese} YA SURE .....AAUK!!!!!

[10:28] {Threei}  PRESIDENT BUSH: FIRST STEP TO RECOVERY IS SAFEGUARDING THE US FINANCIAL SYSTEM

[10:29] {Threei}  [10:09] {Threei} my impression of market action is,

[10:29] {Threei}  [10:09] {Threei} it wants to climb the wall of worry today

[10:29] {ese} duhhhhhhhh!

[10:29] {Threei}  [10:09] {Threei} barring news, feels like we are in for a nice upside move

[10:29] {Threei}  can I go home?

[10:30] {Geo} work for the day off !

[10:30] {ese} you are home....

[10:30] {Geo} heheh that too

[10:30] {Threei}  oh

[10:30] {Threei}  ah OK

[10:30] {ese} you may go down to your crabbing dock though

[10:30] {Threei}  I have day off next Monday

[10:30] {hawkfan4} and you can have thursday off too :)

[10:30] {Threei}  lol

[10:30] {Threei}  you are so generous

[10:30] {lisa_jay} afam nice Dino

[10:31] {lisa_jay} news: Gap did not fill

[10:31] {Threei}  - Bush also noted that he has discussed the Citigroup decision with President-Elect Obama.

[10:31] {Threei}  - so, how about that Citigroup?

[10:32] {Geo} i dont want citibank to fail

[10:32] {Threei}  - yeah, quite something, isn't it

[10:32] {Geo} they have been good to my family

[10:32] {hawkfan4} that's just payback vad, cuz i'm still in C from your 4 break call friday afternoon

[10:32] {Threei}  wow really?

[10:32] {hawkfan4} 4.03

[10:32] {hawkfan4} it's a beauty

[10:32] {Geo} wow hawk

[10:33] {Threei}  I'll never understand where you get the guts to hold that long :)

[10:33] {Threei}  and over weekend

[10:33] {hawkfan4} lucky, could've gone completely the other way

[10:33] {Threei}  with any kind of news development possible

[10:33] {Geo} 10 lots hawk?

[10:33] {hawkfan4} lol, 1.5

[10:34] {Threei}  so, are you planning on selling ever?? :)

[10:34] {hawkfan4} lol, yes, gonna sell some soon

[10:35] {dino} out all .85, +.6-

[10:35] {dino} .60

[10:35] {Threei}  wtg dino

[10:35] {patience} you're having a good day dino

[10:35] {dino} ty, lucky

[10:37] {hawkfan4} out C + 2.01

[10:38] {Chaeron} nice hawk... 

[10:38] {Chaeron} guysy

[10:38] {Chaeron} gutsy

[10:38] {patience} and gutsy

[10:38] {Geo} girlsy

[10:38] {Chaeron} "guysy" too... in a manly way

[10:38] {hawkfan4} thx, lol :)

06[10:38] * hawkfan4 slaps Geo around a bit with a large trout

[10:39] {Geo} nono that was for patience 3 bucks on GG

[10:40] {dino} wtg hawk

[10:40] {hawkfan4} oh, i c :)  i take it back

[10:40] {hawkfan4} thx dino

[10:40] {patience} still holding basket of gold stocks, but ready to cut loose my silver wheaton

[10:41] {Threei}  OPEC PRESIDENT: COOPERATION WITH OUTPUT CUT AMONG MEMBERS HAS BEEN 'EXCELLENT', WILL EVALUTE DEMAND SITUATION THROUGH EARLY DECEMBER

[10:41] {Threei}  - Remarks that economic growth is important for OPEC

[10:42] {Threei}  whose economic growth? OPEC's?

[10:43] {cosmo} it trickels down

[10:44] {cosmo} or is it up...

[10:45] {Threei}  wow C

[10:48] {Threei}  watch UAUA for teleportation pullback setup

[10:48] {patience} out slw +.60    got bored with it...not a good attitude today   :)

[10:49] {Chaeron} yeah... .60 trades put me in a bad attitude too

[10:49] {Chaeron} :) nice one patience

[10:49] {Threei}  C pulling back into support

[10:49] {patience} oh look, it dropped

[10:49] {dino} out afam .55, +.55

[10:50] {Threei}  dino the money machine

[10:50] {dino} lol

[10:50] {patience} no kidding

[10:50] {Threei}  don't forget to show it all to magoo

[10:50] {dino} :)

[10:50] {Threei}  tease him to no end

06[10:59] * laserdave1 slaps Threei around a bit with a large trout

[10:59] {Threei}  sneaky sneaky

06[11:01] * Chaeron slaps laserdave1 around a bit with a large trout

[11:04] {Threei}  UAUA worth a try here

[11:04] {Threei}  tight scalping stop

[11:04] {Threei}  first strength

[11:05] {Threei}  in .14

[11:05] {Threei}  stop under .10

[11:13] {Threei}  action slowed down to a crawl

[11:15] {dino} indeed

[11:17] {Threei}  I am officially beaten as a master of stating the obvious:

[11:17] {Threei}  EU'S BARROSO: WORLD ECONOMY IS ON THE BRINK OF RECESSION

[11:17] {hawkfan4} wow, i hadn't heard...

[11:18] {Threei}  out UAUA +.11

[11:22] {patience} going hunting in su, eca and cnq

[11:25] {patience} out +.44  cnq

[11:27] {patience} oh foo, left some on the table

[11:27] {hawkfan4} nice

[11:30] {patience} gold moving again

[11:32] {patience} going to do an umbrella trade in gg, using options just for fun

[11:33] {Geo} umbrella trade?

[11:33] {patience} vad, your term

[11:33] {Threei}  yup

[11:33] {Threei}  Geo

[11:33] {Threei}  back to textbook, wil ya

[11:33] {Geo} sheesh

[11:34] {Threei}  scalping course printed manual

[11:34] {Geo} cant i just stay here and make money?

[11:34] {Threei}  no

[11:34] {Threei}  that doesn't involve suffering

[11:34] {Threei}  and we want you to suffer

[11:36] {Threei}  page 8-2

[11:36] {Geo} reading chapter 8 sniff

[11:36] {Geo} heheh

[11:36] {patience} gold is stalling, sigh

[11:38] {Geo} ok got it... (serves me right for skimming)

[11:38] {Geo} so what time frames you using patience?

[11:39] {patience} just quick (not) scalp

[11:39] {patience} hould have chosen energy sector for it instead

[11:39] {patience} should

[11:40] {patience} but just playing with it

[11:40] {Geo} TY

[11:42] {patience} too many trades on, 8 of them, tricky to watch so i'm eyeballing exits

[11:43] {dino} nothing here

[11:50] {Geo} sneaky google

[11:50] {Geo} http://www.webguild.org/2008/11/google-layoffs-10000-workers-affected.php

[11:50] {dino} mcd sm l .85

[11:50] {Geo} has 1/3 emps as temps

[11:53] {Geo} economic team to be formally announced in 7 mins

[11:53] {patience} good, have sold all but HGU and waiting for exit

[11:55] {ese} see ya tomorrow...i think

[11:55] {Threei}  take care ese

[11:57] {patience} and the feedback on umbrella trade, using options....the stock advanced faster

[11:58] {patience} anybody else trading or am i just being a motormouth again today?

[11:58] {patience} vad, they all have me on igore

[11:59] {patience} vad, vad?

[11:59] {lisa_jay} no Patience.

[11:59] {Threei}  lol

[11:59] {lisa_jay} Just wowed speechless

[11:59] {Threei}  welcome to my world patience

[11:59] {hawkfan4} lol, just hanging out waiting for obama to speak

[12:00] {wishbone} my highscool physics classroom clock had a sign above it "time will pass....will you?"

[12:00] {wishbone} tic...toc

[12:00] {Threei}  countdown to end of the world?

[12:00] {wishbone} whatever it is.....very slow

[12:00] {Threei}  I heard it's 2012

[12:00] {patience} writing that one down for my daughter wishbone

[12:01] {wishbone} must've read that sign a thousand times

[12:01] {patience} did you pass?

[12:02] {wishbone} teacher haad a voice like ben stein...and he was excited about physics!!!!

[12:02] {wishbone} fortunately yes patience

[12:04] {Threei}  PRESIDENT ELECT OBAMA FORMALLY ANNOUNCES HIS ECONOMIC TEAM

[12:04] {Threei}  - Tim Geithner formally nominated for Treasury Secretary.

[12:04] {Threei}  - Bill Richardson to be Commerce Secretary.

[12:04] {Threei}  - Larry Summers to be Director of National Economic Council.

[12:04] {Threei}  - Christina Romer to be head of Council of Economic Advisors.

[12:05] {dino} wasn't this already known?

[12:05] {Geo} stilll going thru the clinton baggage ic

[12:09] {patience} bkx likes it

[12:12] {dino} mcd stopped -.35

[12:13] {Geo} off to work.... 1X today... thanks vad....and see you all !!

06[12:13] * Geo geo taking umbrella to work

[12:13] {hawkfan4} cya geo

[12:14] {Threei}  take care geo

[12:15] {patience} starting to sell the news vad?

[12:15] {dino} gj geo

[12:15] {Threei}  action is so slow, can't tell

[12:21] {patience} longer he talks, air is coming out of the market's balloon slowly

[12:22] {Threei}  strange... this news should be killing CEDC, yet it goes up:

[12:22] {Threei}  http://www.telegraph.co.uk/news/worldnews/europe/russia/3513268/Russians-turn-away-from-vodka-in-hard-times.html

[12:24] {wishbone} isn't cedc mostly owned by BUsh's brother in law?

[12:25] {Threei}  (US) PRESIDENT ELECT OBAMA PLEDGES TO HONOR THE BUSH ADMINISTRATION COMMITMENTS MADE OVER THE COURSE OF THE ECONOMIC CRISIS

[12:25] {Threei}  - Reiterates call for Congress to pass an aggressive stimulus plan in January. Once again declines to offer any numbers for the stimulus plan. "We need a big stimulus package to jolt the economy back to health."

[12:25] {Threei}  - Confirms that he intends to eventually roll back Bush tax cuts, but leaves open question of whether they would be actively rolled back or simply not renewed.

[12:33] {Threei}  press conference is over

[12:34] {dino}  good, back to business

[12:40] {laserdave1} hawk dcc when u get a sec

[12:43] {Threei}  hawk, don't break traditions and ignore dave

[12:44] {Threei}  we don't want him to think anyonbe here really wants to talk to him

[12:45] {laserdave1} dawg dcc please

[12:45] {Threei}  dawg... same comment by me

[12:46] {laserdave1} laserdave1 dcc please

[12:46] {laserdave1} hey this guy answered right away

[12:46] {Threei}  sigh

[12:51] {dawg} i had to answer dave vad but he promised not to bother me again

[12:53] {Threei}  ok... you are playing nice

[12:54] {Threei}  (CA) CANADIAN FIN MIN FLAHERTY: PLEDGES TO CUT TAXES IN ORDER TO BOOST THE ECONOMY

[12:54] {Threei}  - The new reality in Canada is wild swings in markets and ever-gloomier forecasts.{USD/CAD EUR/CAD}

[12:54] {dawg} .)

[12:55] {Threei}  nice and I don't even exchange postcards, so you can see why I am reluctant... :)

[12:56] {Threei}  if market resumes upward crawl, I am interested in JNPR

[12:56] {Threei}  it consilidates under 16, huge resistance level

[13:01] {Threei}  broke

[13:01] {Threei}  if you go for it, keep .85 stop

[13:02] {Threei}  or .88 if you are very anal-retentive... bottomed out at .89 on last pullback

[13:21] {brian3579} is this a joke on cnbc

[13:21] {Threei}  what is it?

[13:21] {brian3579} the prince

[13:21] {Threei}  PRINCE ALWALEED: REITERATES HIS SUPPORT FOR CEO PANDIT, CANNOT BE JUDGED AFTER SUCH A SHORT TENURE; COMMENDS THE US GOVERNMENT FOR ITS MOVE TO BAIL OUT CITI - CNBC INTERVIEW

[13:21] {Threei}  - says he believes Citi is overcapitalized at this point, but that is fine in the current environoment.

[13:22] {Threei}  prince says C has too much money, but that's OK, he can handle it

[13:22] {Threei}  JNPR 1:1 for .88 stop

[13:24] {wishbone} jnpr +11 ty31

[13:24] {wishbone} ty3i

[13:24] {Threei}  welcome sir

[13:25] {wishbone} sir......that's my dad

[13:25] {Threei}  any male above 13 is sir, and any female above 11 is ma'am for me

[13:25] {wishbone} oh...lol

[13:25] {Threei}  ('cause I am THAT polite)

[13:26] {wishbone} Mr. Polite

[13:26] {Threei}  my middle name

[13:26] {Threei}  just ask chaeron

[13:26] {wishbone} chaeron is Vad polite?

[13:26] {Threei}  {Chaeron} Yup. Right. Exactly

[13:28] {Threei}  Chaeron, take your sleepy face out of potatoe salad and confirm that I am polite unless you want to be trouted relentlessly

[13:28] {hawkfan4} lol

[13:29] {Threei}  JNPR 1:1 for .85 stop

[13:31] {Chaeron} zzzzzzzzzzzzz.. snort... huh? wha? yeah yeah... Vad polite... yeah.. zzzzz

[13:31] {Threei}  there

[13:32] {Threei}  btw, let me politely point out that in your sleep you missed JNPR trade

[13:33] {Threei}  also, my politeness progresses with time

[13:33] {Threei}  I used to have a script that automatically answred lasredave dcc with "go away" message

[13:33] {Threei}  now it's "Allow me politely ask you to go away"

[13:47] {Chaeron} Dave, would you kindly DCC please? (Since Vad is giving lessons on politeness...)

06[13:48] * Chaeron slaps laserdave1 around a bit with a large trout

[13:48] {Chaeron} told you politeness doesn't work with some ppl

[13:49] {Threei}  I know

06[13:49] * Geo slaps Threei around a bit with a large trout

[13:49] {Geo} thats for making me miss jnpr

[13:49] {Threei}  making?

[13:49] {Geo} yes

[13:49] {Threei}  you left on your own will

[13:49] {Geo} you could have willed the setup to happen while i was around

[13:50] {Geo} (high expectations)

[13:50] {Threei}  paraphrasing Stephen King,

[13:50] {Threei}  There will be profit if market wills it

[13:50] {Geo} sage advice indeed

[13:52] {dino} give me what i want

[13:52] {Threei}  and I'll go away? :)

[13:52] {Geo} :)

[13:53] {Chaeron} }}}  Russians turn away from vodka in hard times (Telegragh.co.uk) The global financial crisis is succeeding where many a Kremlin campaign has failed by forcing Russians to turn away from the vodka bottle. 

[13:54] {dino} lol

[13:58] {Threei}  feels like market gathering forces and probing ground for another powerful rally

[13:58] {patience} yup

[13:58] {Threei}  one more pullback is likely before main push comes

[13:58] {Threei}  QQQQ around .75 - .80 should be it

[14:01] {Threei}  HEARING DRYBULK SHIPPERS DEFENDED AT JEFFERIES (TIMING UNCERTAIN)

[14:01] {Threei}  {DRYS EXM DSX EGLE GNK OCNF FREE}

[14:01] {Threei}  DRYS quite a move

[14:08] {Chaeron} Q's

[14:11] {Threei}  took .74

[14:12] {dino} mcd sm l .50

[14:17] {laserdave1} chaeron dcc

[14:18] {Threei}  PIMCO'S BILL GROSS: HAS NEW CONFIDENCE THAT REMAINDER OF TARP MONEY WILL BE DISTRIBUTED MORE WISELY WITH CLEAR DISTINCTIONS

[14:18] {Threei}  meaning, first part was distributed unwisely and without clear instructions, right?

[14:20] {Threei}  OK market... you did enough of see-sawing and made everyone seasick

[14:20] {Threei}  now it's time to spike like there is no tomorrow

[14:20] {patience} funny how you can be totally in the zone trading and drop out of like a stone

[14:20] {dino} but there is

[14:21] {Threei}  hey

[14:21] {Threei}  it obeys

[14:21] {Threei}  I need to try it again

[14:21] {Threei}  ok market now just move up and don't look back anymore

[14:21] {Threei}  half out Qs

[14:21] {Threei}  .91

[14:21] {Threei}  +.15

06[14:22] * Threei slaps Chaeron around a bit with a large trout

[14:22] {Threei}  anyone took it?

[14:23] {lisa_jay} Sorry Vad, was busy with sick kids today.  Nice trade though.

[14:24] {Threei}  sorry to hear Lisa

[14:24] {hawkfan4} yessir, very nice

[14:24] {Threei}  didn't emntion UAUA entry .65

[14:24] {Threei}  grrr

[14:24] {Threei}  I thought I did

[14:31] {jmb} Vad - Thanks JNPR

[14:31] {Threei}  welcome jmb :)

[14:31] {Threei}  out 1/4 more Qs

[14:31] {Threei}  28.03

[14:31] {patience} thanks for the power up heads up...nibbled into goldcorp april options again

[14:32] {Chaeron} 28.01 out in full for +0.18

[14:32] {Chaeron} Thanks vad

06[14:32] * Chaeron slaps Threei around a bit with a large trout

[14:32] {Threei}  :)

[14:32] {Threei}  that's the language I understand

[14:33] {Threei}  stop is .85 for the last portion

[14:33] {Threei}  letting it trade

06[14:34] * Chaeron slaps laserdave1 around a bit with a large trout

[14:45] {Threei}  we had what, just one little stop in the morning?

[14:45] {Threei}  good to be positioned on the right side

[14:45] {patience} what is volume like today vad, please

[14:45] {Threei}  a little lower than Friday so far

[14:46] {patience} ty

[15:01] {Chaeron} Geo... DCC please?

[15:02] {Threei}  a lot of non-computable (for me) things in the following release by HRLY (Harley-Davidson)

[15:02] {Threei}  RECEIVES $4.5M CONTRACT FOR MICROWAVE ASSEMBLIES FOR F-16 UPGRADES

[15:02] {Threei}  - Herley New England in Woburn, MA, has been awarded the first production contract to provide custom designed complex microwave assemblies developed for ongoing F-16 upgrades.

[15:02] {Threei}  isn't it odd? :)

[15:02] {patience} talk about diversifying your company products

[15:03] {Threei}  no kidding

[15:03] {cosmo} its road warrior tech...

[15:04] {hawkfan4} and imagine how hard it must be to make microwave popcorn while you're flying one of those things

[15:04] {patience} lol

[15:07] {lisa_jay} Vad u still in last Q's portion?

[15:07] {Threei}  yeah

[15:07] {lisa_jay} nice

[15:07] {Threei}  about to sell

[15:07] {Threei}  want one last spike

[15:08] {lisa_jay} took all afternoon to break out of the asc. tri

[15:10] {Threei}  out

[15:10] {Threei}  28.24

[15:10] {Threei}  +.60

[15:11] {Threei}  ot .50

[15:11] {wishbone} nice

[15:11] {Threei}  0r

[15:11] {Threei}  or

[15:11] {Threei}  there

[15:11] {Threei}  see... I can type

[15:11] {KSystems} neat

[15:11] {Threei}  ah who am I kidding... I can't

[15:15] {patience} relief not to have the wild swings and more normal trading day

[15:16] {lisa_jay} yes

[15:16] {Threei}  this is great action

[15:16] {Threei}  nice slow climb

[15:16] {patience} vad, you think accummulation starting again?

[15:16] {Threei}  part of it takes place today, sure

[15:17] {Threei}  it's not being done in one chunk

[15:17] {Threei}  some nibbling here, some there

[15:17] {Threei}  waiting outthe storm, adding

[15:17] {patience} did some canadian bank, coal, energy buys for mom's account, putting some cash back to work

[15:26] {dino} sm l afam .00

[15:34] {dino} out mcd .60 +.10 thing won't  move today

[15:35] {patience} profit is a profit   :)

[15:35] {dino} sure now itgoes

[15:40] {Threei}  OK, this I have to post

[15:40] {Threei}  just don't talk to me 5 minutes after that, this is how long I'll need to roll on floor laughing

[15:40] {Threei}  GS

[15:40] {Threei}  PRIVATE WEALTH CHIEF MAY REPORTEDLY RETIRE AT YEAR END FOR OTHER OPPORTUNITIES

[15:42] {Threei}  wow JNPR

[15:42] {dino} dji +15% in two days, sell the rip time

[15:42] {Threei}  as far as I know hawk... he still hasn't sold any

[15:42] {Threei}  +510 dino...

[15:42] {hawkfan4} lol, didn't take that one :(

[15:43] {Threei}  ugh

[15:43] {dino} yes, too much too soon imo

[15:50] {dino} sm s mcd .90

[15:52] {Threei}  good call on drop dino

[15:52] {dino} cov mcd .35, +.55

[15:52] {dino} ty

[15:53] {dino} way soooooooon

[15:53] {Threei}  200 points drop

[15:53] {dptl} have a good evening all

[15:53] {Threei}  in 10 min

[15:53] {Threei}  take care dp

[15:53] {dino} cya dp

[15:54] {hawkfan4} c u dp

[15:59] {Threei}  Ok guys, very good day

[15:59] {dino} out afam .99, -.01

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a great evening

[15:59] {Threei}  see you tomorrow

[15:59] {patience} excellent day, ty vad

[15:59] {hawkfan4} thx vad, great calls 

[15:59] {hawkfan4} u 2 dino

[15:59] {lisa_jay} thanks Vad

[16:00] {Chaeron} thanks again Vad

[16:00] {Chaeron} bye guysw

[16:00] {hawkfan4} nite all 

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

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

[08:00] {magoo} morning

[08:14] {Threei}  Good morning mags

[08:14] {magoo} :)

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

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

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

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

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

[08:20] {patience} good morning guys

[08:20] {Threei}  patience :)

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

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

[08:42] {ese} good morning

[08:42] {Threei}  ese :)

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

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

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

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

[08:44] {Threei}  no

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

[08:45] {magoo} ty

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

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

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

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

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

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

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

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

[08:51] {Threei}  this I don't know

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

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

[08:52] {ese} how so

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

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

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

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

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

[08:53] {Threei}  right magoo

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

[08:54] {ese} on the Dow

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

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

[08:54] {Threei}  day after day

[08:54] {Threei}  week after week

[08:54] {Threei}  relentless selling

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

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

[08:55] {Threei}  who knows?

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

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

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

[08:56] {Threei}  so posting here:

[08:57] {wishbone} gm all

[08:57] {Threei}  Re: Capitulation.

[08:57] {Threei} 

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

[08:57] {Threei} 

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

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

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

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

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

[08:58] {Threei}  or

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

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

[08:59] {Threei}  End

[08:59] {Threei}  hi wishbone :)

[09:00] {KSystems} Good morning!

[09:00] {Threei}  ks :)

[09:00] {ese} Ksys mornign

[09:00] {ese} wishbone

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

[09:00] {KSystems} slept well?

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

[09:00] {KSystems} you

[09:00] {ese} indeed

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

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

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

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

[09:02] {Threei}  5

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

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

[09:04] {lisa_jay} Good Monring 

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

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

[09:05] {KSystems} hey lisa

[09:06] {Geo} gm all

[09:07] {ese} hey geo

[09:08] {Threei}  lisa, geo :)

[09:09] {dino} gm all

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

[09:09] {Threei}  dino :)

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

[09:11] {Onix} Good morning all

[09:11] {Threei}  onix :)

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

[09:11] {ese} Eslr

[09:13] {ese} through to 2011

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

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

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

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

[09:18] {ese} for starters

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

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

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

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

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

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

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

[09:19] {Geo} yup

[09:19] {dino} not worth it

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

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

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

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

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

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

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

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

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

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

[09:22] {dptl} good morning all

[09:22] {Threei}  dp :)

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

[09:22] {ese} dp

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

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

[09:27] {Geo} none by LADWP

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

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

[09:28] {Geo} yeah

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

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

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

[09:28] {Geo} no

[09:28] {Threei}  around $300

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

[09:29] {Geo} ill look again

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

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

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

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

[09:29] {Threei}  yup

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

[09:29] {Threei}  that''s the idea

[09:30] {peterg} good mrng

[09:30] {Threei}  peter :)

[09:31] {Onix} hi peter

[09:31] {peterg} yo onix

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

[09:32] {Threei}  C hard pullback

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

[09:33] {magoo} full or half

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

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

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

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

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

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

[09:36] {peterg} took dime

[09:36] {lisa_jay} Thanks Vad.

[09:36] {peterg} tks

[09:36] {Threei}  sure guys

[09:36] {tomg} ty

[09:37] {Threei}  not this time

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

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

[09:44] {Threei}  CSIQ

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

[09:48] {Threei}  over 1:2

[09:48] {Threei}  me out

[09:48] {tomg} ty vad

[09:48] {Threei}  tom :)

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

[09:51] {tomg} y

[09:52] {magoo} yes

[09:52] {Threei}  my connection then

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

[09:55] {Threei}  :)

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

[09:55] {Geo} TY

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

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

[09:56] {Threei}  must be inconvinient

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

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

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

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

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

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

[09:58] {lisa_jay} lol

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

[10:01] {Threei}  hmmm

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

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

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

[10:02] {dino} dji gap filled

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

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

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

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

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

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

[10:04] {Geo} ah

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

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

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

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

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

[10:05] {Threei}  just in case guys,

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

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

[10:06] {Threei}  UAUA bid 7.84?

[10:06] {Threei}  .85

[10:06] {tomg} y

[10:06] {Geo} y

[10:06] {Threei}  FSLR 87.70?

[10:06] {Geo} too fast

[10:06] {Threei}  LVS 3.76?

[10:06] {tomg} y

[10:06] {Geo} y

[10:06] {wishbone} y

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

[10:07] {Threei}  ty

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

[10:08] {Threei}  stop under .60

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

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

[10:11] {Threei}  if NQ upticks, yes

[10:12] {Threei}  stopped

[10:12] {Chaeron} good morning all

[10:12] {Threei}  chaeron :)

[10:12] {Onix} stopped

[10:12] {tomg} out

[10:12] {Onix} hi chaeron

[10:17] {Threei}  C death spiral

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

[10:20] {Threei}  didn't watch it

[10:20] {Threei}  what did it do?

[10:20] {Threei}  teleportation?

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

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

[10:21] {Threei}  you traded it?

[10:21] {tomg} nah

[10:21] {tomg} :)

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

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

[10:32] {dino} .

[10:33] {tomg} .

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

[10:33] {Chaeron} }{

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

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

[10:36] {Threei}  slow motion today

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

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

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

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

[10:37] {Threei}  wtg patience

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

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

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

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

[10:38] {patience} ty

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

[10:40] {Threei}  signs of life now

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

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

[10:42] {Chaeron} forget UAUA?

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

[10:42] {Threei}  {F}

[10:42] {Threei}  why

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

[10:42] {Threei}  me confused

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

[10:44] {Threei}  got .75 Qs

[10:44] {Threei}  stop under .70

[10:45] {Threei}  no worky

[10:46] {Onix} .74

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

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

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

[10:49] {Threei}  one more UAUA

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

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

[10:50] {Onix} stopped

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

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

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

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

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

[10:52] {Chaeron} bye tom

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

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

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

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

[10:53] {tomg} u2 KS

[10:56] {Threei}  DJI is 7557?

[10:57] {Threei}  roguuhly

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

[10:57] {Threei}  OK

[10:57] {dino} afam stopped

[11:02] {dino} 7506 coming

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

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

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

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

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

[11:24] {hawkfan4} Rev Shark

[11:24] {hawkfan4} Merger?

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

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

[11:24] {Geo} lol

[11:26] {lisa_jay} lol

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

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

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

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

[11:28] {lisa_jay} ?  what Vad?

[11:28] {lisa_jay} C trade?

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

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

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

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

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

[11:29] {magoo} i know

[11:29] {magoo} just rehashing it

[11:29] {Threei}  ok... 4 break long

[11:29] {Threei}  if stays above 3.90

[11:31] {Threei}  DYAX

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

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

[11:35] {dino} gut say up

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

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

[11:41] {Geo} c tired

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

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

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

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

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

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

[11:46] {Threei}  half

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

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

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

[11:48] {dino} cya ggeooooooooo

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

[11:51] {Threei}  if stays above .20

[11:52] {ese} see ya geo

[11:52] {hawkfan4} l8r geo

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

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

[11:54] {dino} and vice versa

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

[12:08] {Threei}  over 1:1, half out

[12:08] {Threei}  +.25

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

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

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

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

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

[12:08] {Threei}  wth is this about

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

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

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

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

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

[12:20] {lisa_jay} nice

[12:20] {dino} ty

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

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

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

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

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

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

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

[12:31] {Threei}  take care ese

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

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

[12:38] {dino} wow!

[12:38] {Threei}  wtg

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

[12:38] {patience} no effort

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

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

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

[12:40] {patience} no

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

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

[12:41] {dino} feeling worse now

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

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

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

[12:41] {dino} gj

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

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

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

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

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

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

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

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

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

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

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

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

[13:09] {Threei}  slow ebb and flow

[13:20] {dino}  cedc stopped -.40

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

[13:22] {lisa_jay} Thanks Vad.

[13:22] {lisa_jay} Bye everyone.

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

[13:29] {dino}  cya lisa

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

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

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

[13:38] {magoo} recent?

[13:38] {Threei}  1 min ago

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

[13:42] {Geo} why? boss

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

[13:43] {Geo} heh

[13:43] {Geo} lemme check

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

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

[13:43] {Geo} 200 .70

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

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

[13:44] {Threei}  how sneaky is that

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

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

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

[13:44] {Geo} amazing patience btw

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

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

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

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

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

[13:46] {Threei}  I widen my scope

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

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

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

[14:01] {dino} t stoped

[14:02] {dino} stopped

[14:05] {Threei}  QID bounce off 99

[14:05] {Threei}  tha was fast

[14:05] {Threei}  50 cents in seconds

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

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

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

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

[14:22] {dino} more like apathy

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

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

[14:27] {Threei}  C near demise

[14:27] {Threei}  JPM highly questionable

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

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

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

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

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

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

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

[14:42] {Threei}  inverted C&H

[14:43] {Threei}  breakdown

[14:43] {Threei}  flush

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

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

[14:44] {Threei}  Goes market train

[14:44] {Threei}  Dow the drain

[14:44] {Threei}  Down

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

[14:44] {dino} pain

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

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

[14:45] {Threei}  but a pain

[14:45] {peterg} perfect

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

[14:46] {dino} overflow

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

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

[14:46] {Threei}  We are but a stain

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

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

[14:46] {Threei}  lol dino

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

[14:47] {peterg} magnicent

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

[14:47] {peterg} yecdh

[14:47] {dino} [14:44] {Threei}  Down

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

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

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

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

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

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

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

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

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

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

[14:48] {Threei}  Overflowed toiled

[14:48] {Threei}  Backed up again

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

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

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

[14:49] {dino} agreed

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

[14:50] {Threei}  OK

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

[14:51] {Threei}  Goes market train

[14:51] {Threei}  Down the drain.

[14:51] {Threei}  Row your boat,

[14:51] {Threei}  Row your boat

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

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

[14:51] {Threei}  Life is but a pain.

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

[14:51] {Threei}  We are but a stain.

[14:51] {Threei}  Overflowed toilet

[14:51] {Threei}  Backed up again.

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

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

[14:52] {Threei}  why mine...

[14:52] {Threei}  a few contributors

[14:52] {peterg} Verrry nice!

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

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

[14:53] {Chaeron} oi

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

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

[14:56] {Threei}  wait

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

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

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

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

[14:56] {Threei}  patience :)

[14:56] {Chaeron} bye patienc3

[14:56] {KSystems} take care patience

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

[14:56] {hawkfan4} cya patience

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

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

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

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

[14:57] {Threei} 

[14:58] {Chaeron} :))

[14:58] {dino} lol

[14:58] {Threei}  good one :)

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

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

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

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

[15:00] {Threei}  hehe

[15:00] {magoo} laser dcc

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

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

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

[15:00] {Chaeron} 7545

[15:00] {Threei}  7545

[15:00] {Chaeron} 7558

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

[15:00] {Chaeron} 7563

[15:00] {Chaeron} hehehe

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

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

[15:01] {Chaeron} 7572

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

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

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

[15:04] {peterg} hmmmm

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

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

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

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

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

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

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

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

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

[15:11] {Threei}  what bounce C

[15:12] {dino} hod

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

[15:13] {Threei}  toilet

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

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

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

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

[15:16] {Threei}  look at GG

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

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

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

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

[15:19] {Threei}  take care dp

[15:22] {dino} later dp

[15:22] {dino} 120 pt drop

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

[15:30] {Threei}  change it is

[15:31] {wishbone} lol

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

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

[15:31] {Threei}  well

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

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

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

[15:32] {Threei}  magoo?

[15:32] {Geo} yeah he too

[15:32] {Threei}  I don't care

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

[15:32] {Threei}  and brag about it

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

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

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

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

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

[15:34] {Geo} heheheh

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

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

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

[15:35] {Threei}  or 25.8

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

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

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

[15:35] {Threei}  I give ideas

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

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

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

[15:37] {Geo} nice

[15:37] {Geo} hmmmm no pullback

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

[15:40] {Threei}  peter

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

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

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

[15:40] {Geo} 240?

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

[15:41] {dino} 340

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

[15:41] {Threei}  moon?

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

[15:41] {Threei}  here comes Qs

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

[15:41] {Threei}  lol

[15:42] {Threei}  look at this drop

[15:42] {Threei}  40 cents already

[15:42] {Threei}  in one gasp

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

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

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

[15:42] {Geo} in .25

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

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

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

[15:45] {Geo} out rest

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

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

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

[15:45] {Threei}  and here is 26

[15:46] {Threei}  in and out +.16

[15:46] {Threei}  that was easy

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

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

[15:47] {Threei}  hmm?

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

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

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

[15:48] {Threei}  oracle-worthy

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

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

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

[15:49] {dino} feels up tho

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

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

[15:49] {Geo} ahhhhhh

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

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

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

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

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

[15:50] {Geo} pshhhaw

[15:50] {Geo} 18.10 here

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

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

[15:52] {Geo} oh well

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

[15:52] {Geo} thanks dino

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

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

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

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

[15:54] {Threei}  it's ok peter

[15:54] {dino} indeed geo

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

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

[15:55] {Threei}  440

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

[15:57] {peterg} shdv take20n 

[15:57] {dino} bamm

[15:57] {peterg} taken 20

[15:57] {Threei}  500

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

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

[15:59] {Geo} nice

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

[15:59] {Threei}  thank you all

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

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

[16:00] {Geo} thanks guys

[16:00] {KSystems} you too vad

[16:00] {KSystems} bye everybody!

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

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

[16:00] {peterg} bye all