Dec 18 2008

Please review the content for the Bahamas Conference in April, 2009. You will find a lot of interesting topics, including five seminars by me. Please fill out the Survey to help finalize the planning.

Not a very tradeable day, with multiple witching coming tomorrow. Some wins, some stops, overall a lot of quite discretionary trades so I'd imagine individual mileage will vary. A few winning ones made the day positive but they were so fast that not many could catch them in time. 

Session Time: Thu Dec 18 00:00:00 2008

[08:03] {magoo} morning

[08:06] {Threei}  Good morning

[08:06] {Threei}  look at DRYS mags

[08:07] {_elepet} good morning. did anyone hold drys overnight?

[08:08] {Threei}  I did, half lot

[08:12] {magoo} do i have too?

[08:12] {Threei}  no

[08:13] {magoo} u held? you dog

[08:13] {magoo} i felt 13

[08:13] {magoo} but no overnite

[08:13] {Threei}  I remember

[08:14] {Threei}  [15:51] {magoo} 13 vad

[08:14] {Threei}  [15:51] {Threei} not today

[08:18] {magoo} brb..coffee

[08:27] {magoo} whats with DVAX vad?

[08:29] {Threei}  12/17/08 06:45am [DVAX] Signs worldwide alliance deal with Glaxosmithkline; To receive $10M initial paymentmore.. - The companies have signed a worldwide strategic alliance to discover, develop and commercialize novel inhibitors of endosomal Toll-like Receptors (TLRs) for the treatment of immuno-inflammatory diseases. TLRs are key receptors of the innate immune system that can induce strong inflammatory responses. - Under the terms of the alliance, Dynavax will receive an initial payment of $10M for which GSK will receive an exclusive option over four programs targeting autoimmune and inflammatory diseases such as lupus, psoriasis, and rheumatoid arthritis. - Dynavax is to conduct research and early clinical development in up to four programs and is eligible to receive future potential development and commercialization milestones totaling approximately $200M per program. GSK can exercise its exclusive option to license each program upon achievement of proof-of-concept or earlier upon certain circumstances. After exercising its option, GSK will carry out further development and commercialization of these products. (related: GSK.UK )

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 554K V 558KE;

[08:30] {Threei}  CONTINUING CLAIMS: 4.384M V 4.375ME

[08:30] {Threei}  - prior jobless claims revised from 573K to 575K

[08:35] {magoo} vad..u think DRYS prints 14 pre mkt?

[08:36] {Threei}  shouldn't

[08:36] {Threei}  on a spike after opening or later in the day though, quite possible

[08:36] {magoo} u having scanner problems?

[08:36] {Threei}  no, looks fine

[08:37] {magoo} all my screens are blank except pre market {he he}

[08:37] {Threei}  sigh

[08:45] {Larisa1} morning guys 

[08:46] {Threei}  morning larisa

[08:46] {Larisa1} hi threei :)

[08:47] {magoo} morn larisa:)

[08:47] {Onix} Good morning all

[08:47] {Threei}  onix :)

[08:47] {Larisa1} magoo, onix :)

[08:49] {Raven}  morning all :)

[08:49] {magoo} onix:)

[08:49] {magoo} R

[08:49] {magoo} A

[08:49] {magoo} V

[08:49] {magoo} E

[08:49] {magoo} N

[08:49] {Threei}  raven :)

[08:49] {Raven}  oh my magooooooooooooo

[08:49] {Onix} hi raven

[08:50] {Larisa1} morning raven :)

[08:51] {Raven}  we're gonna get BIG snow tomorrow Larisa ... ugh

[08:52] {magoo} us too..12 inches

[08:52] {Larisa1} always ready, i am from up north Russia :)

[08:52] {Raven}  I'll send out 8 inches south to add to your 12, magoo

[08:53] {cosmo} i guess it missed sol.cal again ...sigh

[08:53] {cosmo} so.cal

[08:53] {Raven}  oh please cosmo :)

[08:53] {Larisa1} lol

[08:54] {cosmo} i keep hoping tho

[08:54] {cosmo} 1949 was the last good one i think

[08:54] {cosmo} or was it 1950...

[08:54] {Raven}  ohforgodssake

[08:55] {cosmo} i'll check with algore....brb

[08:55] {Raven}  lol

[08:56] {lisa_jay} Good morning.

[08:57] {Larisa1} gm lisa or jay :)

[08:57] {Onix} gm lisa

[08:57] {Threei}  cosmo, lisa :)

[08:58] {lisa_jay} Hi Larisa (or the 1), Onix

[08:58] {Larisa1} lol

[09:00] {Threei}  C

[09:00] {Threei}  REPORTEDLY, ACCORDING TO AN INTERNAL MEMO, CO. WILL EXPAND CREDIT TO CUSTOMERS WITH MULTI PRODUCT RELATIONSHIPS , AND CONTIUNE TO APPROVE SIGNIFICANT LENDING TO INSITUTIONAL CLIENTS

[09:00] {Threei}  - Co. has also formed a senior commitee to supervize administration of TARP funds

[09:01] {cosmo} MULTI PRODUCT RELATIONSHIPS?

[09:01] {ese} "I'm dreaming of a white Christmas"   sing it Bing baby......ohhhhh good morning everyone....

[09:01] {ese} got carried away there

[09:01] {Onix} about time i would say with C

[09:02] {Onix} hi ese

[09:02] {ese} onix

[09:02] {lisa_jay} Hi Ese.

[09:02] {ese} hey lisa

[09:02] {Threei}  ese :)

[09:02] {ese} haven't seen this much snow on our island for along time......since big blizzard in 96

[09:04] {cosmo} global warming it is....

[09:04] {Threei}  Gore

[09:04] {Threei}  face... in the snow...

[09:04] {Threei}  what's that bad boy?

[09:04] {cosmo} from the bottom up though

[09:04] {Threei}  whodunit?

[09:04] {cosmo} not top - down

[09:06] {cosmo} hot ocean bottom vents = hotter water = more clouds = more storms

[09:06] {dino} gm all

[09:07] {Geo} gm all

[09:07] {Onix} hi dino; geo

[09:07] {dawg} gm all

[09:07] {Onix} hi dawg

[09:07] {dawg} Hello Onix

[09:08] {ese} bstop UAUA 10.80......cheap gasoline....lots of planes flying maybe....

[09:09] {dino} auxl

[09:09] {cosmo} auxl with PFE

[09:10] {dino} ty

[09:10] {cosmo} # Auxilium Pharmaceuticals, Inc. and Pfizer Enter Agreement to Develop and Commercialize XIAFLEX(TM) in Europe Call scheduled for 8:00 am ET todayCCBN(Thu 8:00am)

[09:12] {dino} phase 3 completion

[09:12] {dptl} good morning all

[09:12] {Threei}  dp :)

[09:12] {Threei}  dawg :)

[09:13] {Onix} hi dp

[09:14] {dptl} :)

[09:14] {Threei}  guys, now or later in the day, plesase do this (warning: requires the skill of putting letters together so they form words and even sentences):

[09:14] {Threei}  go to our homepage, look for a banner and text in red letters for Bahamas conferencwe

[09:15] {Threei}  when you click on it, you'll be taken to survey, tis time in black letters

[09:15] {Threei}  they are to be combined into words again, challenging, I know

[09:16] {Threei}  read it, think, fill out the survey, consider coming

[09:16] {Onix} will give it a try

[09:16] {Threei}  please do

[09:16] {Threei}  if I could write it, you can read it!

[09:16] {Threei}  I have faith in you

[09:17] {Threei}  even in you magoo

[09:19] {Threei}  keeping an eye on DVAX to see if it's one hour wonder or has a chance to become one of those non-stop runners

[09:20] {Threei}  usual suspects too of course

[09:20] {ese} DRYS....Everyready Bunny......

[09:20] {Threei}  DRYS, UAUA

[09:20] {Threei}  yup

[09:21] {Threei}  DRYS has this manner to break premarket resistance and jump right our of the gate at the open

[09:21] {Threei}  13.50 is such resistance so far

[09:26] {Threei}  geo dino :0 sorry, missed your entrance earlier

[09:27] {dino} ?

[09:27] {magoo} vad, regarding your request...whatss a homepage?

[09:27] {Threei}  {--- crying

[09:27] {magoo} cant find it in laser {he he he}

[09:28] {Threei}  dino, could you just put your elbow in magoo's ribcage? I'll owe you eternal debt of gratityde

[09:28] {dino} np

[09:28] {Threei}  ty

[09:29] {Threei}  DRYS ebig offer taken in one swoop

[09:30] {Threei}  .63 break long half lot

[09:30] {magoo} in 

[09:31] {Threei}  stop under .40

[09:31] {ese} L UAUA avg price 10.85

[09:31] {magoo} wait 14.13

[09:33] {Threei}  too optimistic

[09:33] {Geo} rinse

[09:33] {Threei}  probably, but market sells off hard

[09:34] {magoo} pretty wippy

[09:36] {Threei}  UAUA is very strong

[09:37] {Threei}  DRYS is tired, needs solid pullback

[09:38] {magoo} i hit q's .19 lonmg

[09:40] {Threei}  you exited any of UAUA ese?

[09:41] {ese} not yet

[09:41] {Threei}  protect part... don't forget its nasty manner to drop like a stone when you least expect it

[09:42] {Threei}  LVS

[09:42] {Threei}  PRE-MARKET STRENGTH BEING ATTRIBUTED TO CHATTER ON EASING OF VISA RESTRICTIONS IN MACAU, REPORTEDLY EMANATING FROM A CREDIT SUISSE NOTE

[09:42] {ese} OK

[09:43] {Threei}  ok DRYS, this is more like it

[09:43] {Threei}  one more leg down

[09:43] {dino} just use mastercard

[09:43] {Threei}  keep half lot on it

[09:44] {Threei}  in

[09:44] {Threei}  stop under .60

[09:44] {Threei}  out .94

[09:44] {Threei}  +.30

[09:45] {ese} out UAUA .50 1800 shs +$1200.00   good enough for the day

[09:45] {Threei}  I'll say

[09:45] {Threei}  wtg

[09:45] {Threei}  go tell that principal off

[09:46] {dino} wow es!

[09:46] {patience} ese, very well done

[09:46] {ese} tks

[09:47] {ese} can into work today with real ego now!!!!

[09:47] {Threei}  isn't it amazing ese, how much money is available in incredibly short period of time in the market when you know what you are doing

[09:47] {ese} indeed....i'll say

[09:47] {Threei}  15 minutes of work

[09:48] {Threei}  if you can call it that

[09:49] {Threei}  closer to 13 - 13.10 now next bounce zone for DRYS

[09:50] {Threei}  in

[09:50] {lisa_jay} 12

[09:50] {Threei}  stop under 11.90

[09:50] {Threei}  12, sorry

[09:51] {Threei}  half out.19

[09:51] {Threei}  +.15

[09:51] {Threei}  offering balance .35

[09:51] {Threei}  stop just under 12

[09:51] {Threei}  out

[09:51] {Threei}  +.21

[09:51] {lisa_jay} nice

[09:52] {Threei}  raining money

[09:52] {Threei}  anyone caught it?

[09:52] {lisa_jay} nope

[09:53] {Onix} nope

[09:53] {Threei}  sleepyheads

[09:53] {ese} anyone DVAX

[09:53] {Onix} too fast for a

[09:53] {ese} in DVAX

[09:53] {Threei}  not me

[09:53] {Threei}  don't see a momo

[09:54] {ese} tks

[09:54] {Threei}  this kind of gappers need strong momentum or they wilt and die

[09:54] {lisa_jay} Look at Drys go.

[09:54] {Threei}  maybe comes later but for now it's a non-player

[09:54] {Threei}  yeah... whatever, this kind of dump is for quick scalps only

[09:54] {wishbone} momo? vad

[09:54] {Threei}  countertrend trading, you know

[09:55] {Threei}  traders slang momentum wish

[09:55] {wishbone} ty

[09:55] {Threei}  momo, aka mojo aka loco aka choochoo

[09:55] {lisa_jay} lol

[09:55] {Threei}  :)

[09:57] {Threei}  wow... oil is soo dead

[09:58] {cosmo} fossils....

[09:58] {Geo} heh

[09:58] {Threei} Long Setup:  INTC  .91 if stays above .85 for scalpers, .80 for daytraders

[09:59] {Onix} in .91

[09:59] {Threei}  according call for Qs is .13 long

[10:00] {Threei}  what the deuce?

[10:00] {Threei}  half out Qs who grabbed it

[10:01] {Onix} did not think to do q's

[10:04] {Threei}  what did prop the market like that?

[10:04] {Threei}  maybe this

[10:04] {Threei}  GMAC: ISSUES UPDATE ON DEBT SWAP - FILING

[10:04] {Threei}  - As of the end of the day on December 17, 2008, based on preliminary results of GMAC LLC’s separate private exchange offers and cash tender offers to purchase and/or exchange certain of its and its subsidiaries’ and Residential Capital, LLC’s outstanding notes and respectively), approximately $16.9B in aggregate principal amount (or 58%) of the outstanding GMAC old notes had been tendered in the GMAC offers and approximately $3.5B in aggregate principal amount (or 38%) of the outstanding ResCap old notes had been tendered in the ResCap offers.

[10:04] {Threei}  not sure

[10:04] {magoo} expiration volatility

[10:05] {dino} sm l xme .01

[10:07] {Threei}  Qs balance stop to under .20

[10:08] {dino} rimm sm l .95

[10:08] {magoo} was thinking q alot stronger than that./..oh well

[10:09] {lisa_jay} INTC stopped.

[10:12] {Geo} man intc

[10:12] {lisa_jay} rinso

[10:12] {Geo} still in

[10:13] {Geo} working on pru

[10:13] {Onix} stopped intc

[10:13] {magoo} u got a feel for PRU?

[10:13] {Geo} so scalp blindly with ES

[10:13] {Geo} momo only

[10:13] {Geo} so=no

[10:13] {Geo} came up on scanner

[10:14] {Geo} still in intc vad?

[10:15] {Threei}  half

[10:15] {Geo} ok me in full

[10:15] {Geo} didnt touch .77

[10:16] {Geo} might scratch half

[10:16] {Geo} dna and hans rocking

[10:18] {lisa_jay} Vad, when did you scratch half the INTC, thanks.

[10:19] {lisa_jay} or where.

[10:19] {Geo} sniff

06[10:19] * Geo thinks INTC heard .77

[10:20] {Threei}  .96 lisa

[10:20] {Threei}  but I was in aggressively

[10:20] {lisa_jay} Where did you enter?

[10:20] {Threei}  so my r/r was a bit different

[10:20] {Threei}  .88

[10:20] {dino} rimm stop to b/e

[10:20] {lisa_jay} Ok, thank you.

[10:20] {Threei}  and it was double lot

[10:21] {Threei}  so, somewhat different way to play vs traditional

[10:23] {dino} rimm stopped flat

[10:23] {peterg} I played it for nickels and made three of em, thanks dino

[10:25] {dino} lol you'te better than i, should've went size

[10:27] {magoo} man...look a Q minute chart..nutso

[10:29] {lisa_jay} r u in Magoo?

[10:29] {ese} Long APWR .75 agressive entry

[10:29] {magoo} yes

[10:29] {magoo} .19

[10:30] {dino} now rimm works

[10:30] {magoo} was expecting .55 area

[10:30] {magoo} no go yet

[10:30] {lisa_jay} Ok, thanks.

[10:30] {lisa_jay} How do you manage the q's trades...partial out or trail etc.  Thanks.

[10:31] {lisa_jay} When you have time.

[10:39] {dino} vz l .90

[10:40] {magoo} kickin Q in the behind with all i got

[10:41] {lisa_jay} .

[10:45] {Threei}  .35 break should do it magoo

[10:45] {magoo} give it a kick please..im exhausted

[10:45] {Geo} call vad?

[10:45] {Threei}  for a scalp if stays above .30

[10:46] {Chaeron} good morning all

[10:47] {lisa_jay} Hi Chaeron

[10:47] {Threei}  chaeron :)

[10:47] {magoo} C:)

[10:47] {Chaeron} Hi Lisa, 3i, magster

[10:48] {dino} cmtl sm l .80

[10:49] {lisa_jay} Vad, q's long trigger?

[10:49] {Threei}  .36... but nly if not losing .30 anymore

[10:50] {lisa_jay} Ok, thanks.

[10:56] {Onix} in q's .35

[10:57] {dino} out xme .42, +.41

[11:00] {lisa_jay} Stopped Q's.

[11:00] {Onix} stoped q's

[11:00] {Onix} & roped

[11:00] {Onix} & stopped

[11:01] {Chaeron} pru

[11:01] {magoo} mkt been disappointing so far 

[11:02] {magoo} should have easily broke into 50 area by now

[11:03] {magoo} drys collaspe was right up there with fall of roman empire

[11:03] {lisa_jay} Narrow range.

[11:03] {lisa_jay} R u out of the Q's Magoo?

[11:03] {magoo} in

[11:03] {magoo} .1`9

[11:03] {ese} out  APWR 6.00 +.22  on a lot and a 1/2

[11:03] {Threei}  leave market be for now guys

[11:04] {Threei}  meanignless jerking up and down

[11:04] {lisa_jay} Yeah.

[11:04] {Geo} still in intc and qs

[11:04] {Threei}  go to that link I gavew you earlier instead

[11:04] {Geo} no putting new on

[11:04] {dino} there goes 3i telling me what to do

[11:04] {Threei}  and let me know whatcha think

[11:04] {magoo} cant find LINK in summary bar???

[11:04] {Threei}  this is my favorite way to spend time dino...

[11:04] {Geo} who is bill carr?

[11:04] {dino} vz stop to .02

[11:05] {Geo} okkkkkkk

[11:05] {dino} out .07, +.17

[11:06] {Threei}  dino... wthg, and NOW you can go to that link {G}

[11:06] {dino} lol

[11:06] {magoo} i got an email on it

[11:07] {Threei}  good... I just thought you had my e-mails on autodelete

[11:07] {magoo} dino fixing coffee issue..pot stopped being hot

[11:07] {Threei}  which would only be fair since I do have yours on that feature

[11:07] {magoo} well...its content is blocked of course

[11:08] {Threei}  great... so you don't want to know what I have to say but want to enjoy the very fact that I am trying to say something {VBG}

[11:08] {magoo} vbg=?

[11:08] {Threei}  very big grin

[11:09] {patience} if i sign up for the seminar, does it include a pool boy?

[11:09] {Threei}  for extra fee I'd assume

[11:09] {Geo} okkk save Q for pm

[11:09] {Chaeron} I can bartend and wait on tables patience...

[11:09] {Geo} finally stopped in Q

[11:09] {patience} ok Chaeron, let's be roomies

[11:10] {Chaeron} but just for you Lisa, Larisa and elepet

[11:10] {Chaeron} Patience - you just like me for my bartending skills :)

[11:11] {Threei}  btw, matching singles will be offered (not in a marrital sense, rather in room-sharing context)

[11:11] {magoo} co-ed ??

[11:11] {patience} you just pop the cork for me Chaeron and we'll both be happy

[11:12] {Geo} hmmmmmmmm

[11:12] {Chaeron} PE Obama finished talking... new SEC head (Deb Shapiro)

[11:12] {dino} swingers?

[11:12] {Chaeron} *blushing*

[11:12] {magoo} like in larisa and magoo??

[11:12] {Geo} i dont know what to say dino

[11:12] {dino} lol

[11:12] {Chaeron} you're lucky she's not here magoo... lol

[11:13] {Threei}  don't forget about replay feature though

[11:15] {Geo} out intc

[11:15] {magoo} out Q btw

[11:15] {magoo} bummer

[11:15] {lisa_jay} Where did you get out Magoo?  Thanks.

[11:15] {magoo} .29

[11:15] {magoo} i was in much lower than u

[11:16] {lisa_jay} Ok, thanks.

[11:16] {magoo} what i do is watch Q...wait for extreee move...then hit it 2k ..keep dime stop ..and if FEELS like runner..try to let it run

[11:17] {magoo} could have scalped it better but was looking for a move

[11:17] {magoo} let winner win concept

[11:18] {magoo} i was waiting out there at .54

[11:18] {lisa_jay} I was watching it at .18 when it broke the trendline...thought it would go but hesitated.  Too many times burnt.

[11:18] {magoo} but no go

[11:18] {Threei}  which is being overcome by the concept of whack-a-mole today

[11:18] {dino} good game

[11:19] {ese} god market call Vad.....as they all dive abit in unison

[11:19] {Geo} i suck today

[11:19] {ese} good market call

[11:19] {Geo} dug a nice hole

[11:20] {lisa_jay} Sorry to hear that Geo.

[11:22] {dino} the days not over geo

[11:22] {magoo} cramere fault..god dam giddy on site callying  rally

[11:22] {magoo} we closed down 100 yester

[11:22] {magoo} down now..hes screaming rally

[11:23] {dino} as vad would say, "some days you eat the russian bear, some days it eats you"

[11:23] {Geo} lol

[11:23] {Threei}  lol

[11:23] {Threei}  snow in LV?

[11:23] {Chaeron} yep :)

[11:23] {Threei}  sigh

[11:24] {patience} here comes another al gore comment

[11:24] {patience} oh, don't disappoint vad

[11:24] {magoo} just rewmember this ......early bird gets the worm...BUT the second mouse gets the cheese

[11:27] {dino} magoo, forever the "deep" thinker

[11:27] {Geo} :)

[11:29] {dino} tleo

[11:30] {dino} tleo sm s .72

[11:30] {lisa_jay} Magoo, for theory would you consider getting long Q's here?

[11:32] {magoo} no

[11:32] {magoo} but closer to 30 maybe 

[11:32] {magoo} unless........AAPL took off upward than yes

[11:33] {magoo} vad..any read GS?

[11:33] {lisa_jay} Thanks Magoo.

[11:34] {magoo} keep eye on aapl

[11:34] {Threei}  can't really make a choice between breakdown and violent bounce mags

[11:34] {Threei}  my feeling is bounce

[11:34] {Threei}  but I wouldn't call it

[11:34] {magoo} GS or mkt?

[11:34] {Threei}  just too risky

[11:34] {Threei}  GS

[11:35] {magoo} shit i took .60 

[11:35] {Threei}  long?

[11:35] {magoo} yes

[11:35] {Threei}  so what's your problem

[11:35] {magoo} u skerrin me

[11:35] {Threei}  in direction of my feeling, very close to day low

[11:36] {Threei}  if GS itself doesn't skerr you enough, nothing and no one will...

[11:36] {dino} breakdown gut says

[11:37] {dino} tleo bstop is .03

[11:39] {dino} maybe gut wrong

[11:42] {dino} tleo stopped -.31

[11:43] {dino} tbt l .39

[11:43] {Threei}  so far so good

[11:44] {Threei}  half out mags?

[11:44] {Threei}  you have almost 1:4

[11:44] {lisa_jay} wow.

[11:45] {Threei}  mags

[11:45] {Threei}  MAGS!!!!!

[11:45] {magoo} .

06[11:45] * Threei slaps magoo around a bit with a large heavy manual on risk control

[11:47] {Threei}  sigh

[11:47] {Threei}  whatever

[11:47] {Threei}  chaeron, look dcc please

[11:47] {Chaeron} am I in trouble?

[11:48] {dino} xme l .98

[11:49] {magoo} ok out .30 here

[11:49] {magoo} WHATUTALKINBOUT WILLIS?

[11:50] {magoo} +70

[11:50] {magoo} cents

[11:50] {lisa_jay} nice

[11:51] {magoo} lisa, just be carefyul with my calls..u gotta be religious with stops ok?

[11:51] {magoo} as a genral rule, $200 bux max stop loss

[11:51] {lisa_jay} sure magoo, thanks.

[11:51] {magoo} but see, i let that winner "win" 

[11:52] {magoo} i think its got alot more

[11:52] {magoo} but its a hard breather

[11:52] {magoo} u know what that is?

[11:53] {Threei}  yeah... a guy who tried to run by me at the lake loop recently... even his dog was ashamed of him

[11:53] {lisa_jay} Yeah, pulls back more then usual.

[11:54] {magoo} correct..good

[11:54] {magoo} u wanna room together he he

[11:54] {dino} was thinking magoo when he walks up the steps in office

[11:54] {Geo} lol

[11:54] {lisa_jay} Ahem, you have me confused with Larissa...its LISA.

[11:54] {Threei}  (thank goodness I got it wrong)

[11:55] {lisa_jay} lol

[11:55] {magoo} oh oh..just dont tell her ok lol

[11:55] {Threei}  lisa... I don't think such subtleties as name mean much for magoo

[11:55] {lisa_jay} Actually i'm just a couple of hours away from you 

[11:56] {magoo} vad, we gonna have internet access in bahamas so we can work each day?

[11:56] {Threei}  gosh...

[11:56] {magoo} where u at lisa?

[11:56] {lisa_jay} Connect.

[11:57] {Threei}  I intend to visit other speaker's, then speak myself for half of the day... more work??

[11:57] {magoo} oh oh 

[11:57] {magoo} i would need to trade from 8 a.m till 4 pm everyday

[11:58] {magoo} ok lisa..look AAPL look Q

[12:00] {lisa_jay} Yeah, took Q's long at .24

[12:01] {lisa_jay} I am using NQ and Q's, will need to add AAPL and GS too.

[12:01] {magoo} nice

[12:04] {Chaeron} crude was at $38/bbl? wow vad... I remember you said 40 about 4 months ago, or do I dream about this room when I sleep?

[12:05] {Threei}  no... that was for real

[12:06] {Threei}  watch GS for bounce off .30 roughly

[12:07] {dino} 1990 highs crude, 1st gulf war

[12:07] {Threei}  missed GS

[12:07] {Threei}  expected one more quick leg down

[12:11] {ese} gone for a few minutes am back

[12:12] {ese} did i miss anything

[12:12] {ese} other than intelligent conversation

[12:12] {Threei}  not really, except magoos 70 cents pl;ay

[12:12] {dino} everything

[12:12] {lisa_jay} come on q's beak .35

[12:12] {Threei}  and suggestion that we are capable of intelligent conversation is almost insulting

[12:13] {ese} ooooopps!!!!!  will never let that happen again

[12:13] {magoo} Q gonna go here imo

[12:14] {lisa_jay} Got out 2/3rds at .10 profit...trailing rest.

[12:14] {Threei}  good job

[12:14] {lisa_jay} my first, thanks Vad

[12:14] {Threei}  making money for that bahamas trip I see

[12:15] {lisa_jay} :-)

[12:15] {Threei}  tax deductible vacation with learning opportunity on top... impossible to ignore

[12:15] {lisa_jay} My family does not pay any taxes.

[12:16] {dino} lucky

06[12:16] * Threei wats to be a part of lisa's family

[12:16] {magoo} hows that?

[12:16] {lisa_jay} poor

[12:16] {lisa_jay} no income

[12:16] {Chaeron} roflol

[12:16] {Chaeron} not at you lisa... at 3i

[12:17] {lisa_jay} we laugh too at ourselves...

06[12:17] * Threei makes amental note to see to it thatChaeron has a room next to kitchen and with no windows

[12:18] {Threei}  .20 break GS, small shares

[12:18] {Threei}  if stays above 80

[12:19] {magoo} in

[12:20] {magoo} out there .51

[12:20] {Threei}  HEARING DB SAYS GM WILL NOT FILE FOR BANKRUPTCY, CONTRARY TO SOME SPECULATION THAT HAS BEEN CIRCULATING

[12:22] {dino} out tbt .62, +.23

[12:22] {lisa_jay} Stopped GS.

[12:23] {lisa_jay} Stopped flat on last portion onQ's

[12:24] {Geo} hmm magoo my chart didnt go to .51 in GS

[12:24] {Geo} spike magoo?

[12:25] {magoo} no..i was waiting out there

[12:25] {Geo} wierd

[12:25] {Geo} not on my charts

[12:25] {Geo} nice

[12:25] {magoo} dude

[12:25] {magoo} i place offers out ahead..no fill

[12:26] {Threei}  it topped at .39, almost 1;1

[12:26] {Threei}  your chart is right geo

[12:26] {Geo} bad fill?

[12:26] {Geo} i mean good fill?

[12:26] {Threei}  lol

[12:26] {magoo} no fill..vad help me

[12:26] {Threei}  magoo... slap him

[12:26] {Geo} ahhhhhhhhhhhh

06[12:27] * dptl slaps Geo around a bit with a large trout

[12:27] {Threei}  lol

[12:27] {Geo} i took out there .51 to mean OUT

06[12:27] * Geo pleads english as non primary language

[12:28] {Geo} now you know how vad feels magoo !!!!

[12:28] {Threei}  oh I feel fine

[12:29] {Threei}  I don't understand any of what you are saying, and happy

[12:29] {magoo} your pushing your luck little man {soup nazi to costanza}

[12:40] {dino} wow don't know how it happened but cmtl just took me out at 47.20, +.40

[12:41] {Onix} gj

[12:41] {dino} lucky

[12:41] {Threei}  sheesh... lol

[12:42] {dino} cracking me up

[12:44] {Threei}  speaking of momo or lack thereof

[12:44] {Threei}  look at DVAX

[12:45] {dino} t l .35, stop lod

[12:47] {KSystems} back

[12:47] {KSystems} Hello everybody

[12:47] {Threei}  hey KS

[12:48] {dino} hey k

[12:48] {KSystems} anyone claiming daytrading is stressful should go shopping with me

[12:48] {Threei}  lol

[12:49] {Threei}  shopping for illicit drugs is rarely relaxing ks... sorry for not warning you

[12:49] {Threei}  wow... GM goes down the drain

[12:50] {ese} have a great rest of the day all.....outta here until tomorow.

[12:50] {Threei}  take care ese

[12:50] {ese} see ya vad

[12:53] {Threei}  snow in Malibu?

[12:53] {Threei}  wtf is going on

[12:53] {Chaeron} your buddy al gore global warming

[12:53] {Onix} global warming?

[12:54] {Chaeron} lol

[12:54] {Chaeron} give me a break :)

[12:54] {Threei}  looking at LV images on TV

[12:54] {Threei}  I can't believe it

[12:54] {Threei}  3 inches

[12:55] {Raven}  cosmo prolly drove up there, stripped off his clothes, and rolled in it

[12:55] {magoo} in vegas..thats just a cocaine delivery which fell out of a cargo plane hold

[12:56] {Threei}  but... Nobel prize AND Oscar winner can't be wrong... right? right?

[12:56] {Onix} no way

[12:56] {Threei}  Raven... my retina's burned by just mental image

[12:57] {Raven}  it would be an awesome sight

[12:57] {Threei}  shock and awe?

[12:57] {Chaeron} }{

[12:57] {Raven}  yessssssssss

[12:58] {Threei}  as I was told yesterday when expressed my politically incorrect opinion (as if I have any others),

[12:58] {Threei}  global warming does not necessary mean warmer, it means more violent

[12:58] {Threei}  si I suggested to call it global violence

[12:59] {Chaeron} anything to make their views fit, eh?

[12:59] {dino} cycles, its all cycle

[13:02] {Chaeron} I just have one question... if they know so much about weather, why is the supposed hurricane on the cover of gore's movie spinning the wrong way? hmmm? I'm the only one that's noticed

[13:03] {Geo} lol

[13:03] {Chaeron} think about it..

[13:03] {Threei}  chaeron... it's simple

[13:03] {Threei}  it signifies things going so wrong that even hurricanes start spinning wrong direction

[13:04] {Chaeron} you should be a polititian

[13:04] {Threei}  and world becoming so warmed up that it starts freezing over

[13:05] {Chaeron} ahhh so it's cirular... not linear

[13:05] {Chaeron} circular

[13:05] {Threei}  economy becoming so bad that killing autoindustry makes it better

[13:05] {lisa_jay} Q's Coiling.

[13:05] {Geo} ummmmm....... trading slow?

[13:05] {Threei}  banks becoming so poor that bonuses for the executives must be increased

[13:05] {Threei}  see? it all fits

[13:06] {Chaeron} so Lisa's family is really rich?

[13:06] {Onix} Oh, now I understand!

[13:06] {lisa_jay} What?  

[13:07] {Chaeron} does it work so that I'm really good looking too???

[13:07] {Geo} i thought all people in south bay were beautifull

[13:08] {lisa_jay} Chaeron, we dont care how you look, we love you anyway.

[13:08] {Threei}  there are limits to what's possible, chaeron... sorry

06[13:08] * Chaeron is blushing again..

[13:08] {Chaeron} Threei - so I defy physics?

[13:08] {Threei}  if lisa says so...

[13:09] {Raven}  {-------- circling Chaeron

06[13:09] * Chaeron slaps Raven around a bit with a large trout

[13:09] {Raven}  oops

[13:09] {Raven}  gotta climb higher

[13:09] {Chaeron} First strike Raven... no warning... learn it... oh... and Merry Christmas :)

[13:09] {Raven}  MC and HNY

[13:13] {Threei}  haven't seen DRYS this tame in quite a while

[13:13] {magoo} my scanner iusnt even moving

[13:14] {Threei}  it's not supposed to mags...

[13:14] {Threei}  mine always stays on the monitor I open it in

[13:14] {lisa_jay} lol

[13:14] {Threei}  hate it whenit starts crawling al over 4 monitors

[13:14] {Threei}  so I use nails now

[13:15] {magoo} 2 of my screens are completely white tho.....the post mkt scanners

[13:15] {Onix} lol

[13:15] {Chaeron} thought it was from your use of White Out

[13:15] {Threei}  just be careful when you nail it tomonitor

[13:16] {Threei}  make sure you put nail through the blue bar at the top of the window

[13:16] {Threei}  and not through scanner window... you may damage it otherwise

[13:16] {magoo} wheres the monitor????

[13:17] {magoo} l Q .24 here -n-now

[13:17] {Threei}  ummm... sorry, I have an answer to that but gals in the room prevent me from using it

[13:20] {lisa_jay} How many monitors do you have Magoo?

06[13:20] * Threei puts both hands over his mouth

[13:21] {magoo} i have 4 whatchamacallits and 2 computatars running them

[13:26] {Threei}  wow... market really learned finally how to stay still

[13:26] {Threei}  even morning moves were just 15 points range NQ

[13:26] {Threei}  let alone everything after that

[13:27] {Onix} and just when i am on holiday and can trade all day

[13:28] {Threei}  well... can change on a dime, and let's hope it does

[13:29] {Onix} yes, always hoping 

[13:29] {KSystems} yes, there was traders all around me in the mall ;)

[13:31] {Threei}  lol

[13:37] {Threei} Short Setup: QQQQ  .13 if stays below .20

06[13:37] * magoo slaps laserdave1 around a bit with a large 3i wallet

[13:40] {dino} nt stopped

[13:42] {Geo} in

[13:43] {lisa_jay} in .13

[13:43] {Onix} in q's .13

[13:44] {Threei}  can't understand why I haven't taken it aggressively under .20 when it bounced

[13:44] {Threei}  was ideal entry

[13:44] {Threei}  I must be sleeping

[13:44] {Threei}  wait... I am always sleeping when trading

06[13:44] * Geo slaps Threei around a bit with a large rooster

[13:44] {Onix} lol

[13:45] {lisa_jay} Targest for trade Vad?  Thanks.

[13:45] {Threei}  just a scalp most likely

[13:45] {Threei}  too narrow of a day

[13:46] {Threei}  if you feel serious breakdown coming, cover 2/3

[13:46] {Threei}  and try to give it a chance

[13:46] {Threei}  1:1

[13:47] {Threei}  cool beans

[13:47] {KSystems} 1/2 out .04

[13:47] {dptl} cover 30 ty

[13:47] {Onix} 2/5 out

[13:47] {lisa_jay} 2/3 out at .02 (10c).

[13:48] {Threei}  long wait was worth such safe one-way trade eh

[13:48] {dptl} pru covered +.29

[13:49] {Threei}  took some patience eh dino

[13:49] {Threei}  oops... dp

[13:49] {Threei}  sorry

[13:49] {dptl} yeah...want to be like Dino

[13:50] {Threei}  don't we all

[13:50] {Threei}  just think of his privilege to poke magoo in ribs with his elbow

[13:50] {Threei}  that alone is of weight of gold

[13:50] {dptl} lol

[13:52] {lisa_jay} .

[13:53] {Threei}  stop to .11

[13:54] {dino} careful what you wish

[13:57] {Threei}  CHRYSLER SPOKESPERSON: CHRYSLER AND GM ARE NOT HOLDING MERGER TALKS

[13:57] {Threei}  - Earlier this morning GM denies earlier press reports that GM is holding merger talks with Chrysler. Overnight the WSJ reported that the companies have reopened merger talks.

[13:57] {dino} joyg l .10, stop .98

[13:58] {Threei}  (US) FED'S FISHER: FED WILL NOT SHY AWAY FROM USING EVERY VIABLE MEASURE TO SUPPORT THE ECONOMY, NOTES THAT CONSUMPTION IS "CASCADING DOWNHILL" IN THE US

[13:58] {Threei}  - Believes unemployment may exceed 8%, sees US Q4 GDP contracting 4-5%. Further GDP contracting is likely in first half of 2009.

[13:58] {Threei}  - Fed will expand purchases of mortgage-backed securities, grow balance sheet if it determines the move would be productive

[13:58] {Threei}  - The Fed's actions have gained some traction, but there is a long way to go before the economy begins recovery.

[13:58] {Threei}  - Falling mortgage rates and LIBOR are signs that Fed policies are working.

[13:58] {dino} hmm read that wrong

[13:59] {dino} why can't they just shut up for a week

[14:02] {Threei}  good question

[14:02] {Threei}  especially with meaningless comments like:

[14:02] {Threei}  FED WILL NOT SHY AWAY FROM USING EVERY VIABLE MEASURE TO SUPPORT THE ECONOMY

[14:02] {Threei}  and here we sit thinking, gee, they have this viable option and know about it but shy away

[14:02] {Larisa1} lol

[14:03] {peterg} They have weapons of mass viability

[14:03] {Threei}  rofl

[14:04] {Threei}  and the next comment has extremely encouraging sentence at the end, read it:

[14:04] {Threei}  (US) FED'S FISHER: FED MUST DO EVERYTHING POSSIBLE TO PREVENT DEFLATION, AT SOME POINT THE FED WILL BE FORCED TO TIGHTEN RATES AND SHRINK BALANCE SHEET - Q&A

[14:04] {Threei}  - Notes that the Fed has an exit strategy in mind

[14:04] {Threei}  they got fake passports and tickets to some exotic locations?

[14:05] {dino} vz l .60, stop .48

[14:05] {Threei}  plastic surgeons stand ready?

[14:05] {dino} joyg stopped

[14:05] {Threei}  btw, Qs hit 1:2

[14:05] {Onix} agh

[14:05] {magoo} hit???

06[14:06] * magoo slaps Threei around a bit with a large roll of cash

[14:06] {Threei}  good to know magoo has what to slap me with {G}

[14:07] {Threei}  ok, someone's promised to laugh at my not funny jokes...

[14:07] {lisa_jay} me?

[14:07] {Threei}  and I honestly think this one about feds exit strategy WAS funny!

[14:07] {magoo} i thought vbg earlier for you was very big GUT

[14:08] {Threei}  {--- deeply misunderstood and underappreciated

06[14:09] * Threei slaps Chaeron around a bit with a large list of occasions on which Chaeron failed to appreciate him

06[14:09] * Threei slaps magoo around a bit with a large copy of the list

[14:09] {Chaeron} thank you... I appreciate that

[14:09] {Threei}  lol

[14:10] {Threei}  good one

[14:10] {magoo} oh oh vad..Larisa's back

[14:10] {Threei}  see? I am appreciative of good joke

[14:10] {Chaeron} :)

[14:10] {Threei}  that's your worry magoo... you have all the reasons to feel guilty

[14:11] {Threei}  me, I apologized to Larisa long ago for all my past sins and for all future should I ever commit them

[14:11] {lisa_jay} Magoo long Q's here?

[14:11] {Larisa1} magoo, push the market, you guys are too bored

[14:12] {magoo} if AAPL gets going lisa

[14:15] {dino} rinses, joyg, t

[14:19] {wishbone} can timestamp in mIRC be set to NY time?

[14:19] {Threei}  mine is

[14:19] {wishbone} how?

[14:19] {Threei}  it takes time from your computer clock

[14:19] {KSystems} out Qs 1/4 more .05

[14:19] {Threei}  I keep it on NY time

[14:20] {Threei}  here comes next Qs breakdown

[14:20] {wishbone} ok ty vad

[14:20] {lisa_jay} Wish i kept the last part of q's...

[14:20] {Threei}  over 1:2 now

[14:21] {dino} vz stopped -.12

[14:21] {Threei}  nice to take right side

[14:21] {Threei}  market makes money for you by itself

[14:22] {Threei}  where di you cover lisa?

[14:23] {Threei}  bidding last part .79

[14:23] {lisa_jay} .o3

[14:23] {Threei}  hmmm

[14:23] {Threei}  somewhat "not here not there"

[14:23] {lisa_jay} Got scared when it could not take out .96 and kept bouncing up.

[14:24] {Threei}  out in full

[14:24] {lisa_jay} nice.

[14:24] {Threei}  +.34

[14:24] {wishbone} laser stickies ayone?

[14:24] {Threei}  INET at .84 for Qs, yes

06[14:25] * Threei slaps laserdave1 around a bit with a large stuck quote for INET

[14:26] {Threei}  look how nicely Qs cascaded ever since our entry

[14:26] {KSystems} out last 1/4 Qs .85

[14:28] {Threei}  how nice this letter starts

[14:28] {Threei}  Dear One

[14:28] {Threei}  I foresee your surprise upon receiving this letter from a total stranger but plead for your tolerance, of not having the pleasure of knowing your mindset before sending you this letter but is for the betterment our both family future.

[14:28] {Threei}  I need to learn to speak like this

[14:28] {dino} ge capital dpwngraded by s&p

[14:29] {Threei}  magoo... not having the pleasure of knowing your mindset, I have no other option but to slap you silly for the betterment of our room

[14:30] {dino} mwiv sm l .12

[14:37] {Threei}  (US) FED CHAIRMAN BERNANKE: FUNDAMENTAL CHANGES ARE NEEDED FOR CREDIT CARD REGULATIONS

[14:38] {peterg} ok, benno, like what?

[14:38] {Threei}  like what?

[14:38] {peterg} great minds

[14:38] {Threei}  hehe

[14:38] {peterg} thinner, stronger plastic

[14:38] {peterg} bigger letters for older consumers

[14:38] {peterg} pastels

[14:39] {peterg} revolutionary new shape: round credit cards

[14:40] {Threei}  wow

[14:40] {dino} sm l afam .00

[14:40] {Threei}  I honestly don't know what is more scary - to leave this broken system as it is or to have these people talking about "fundamental change"

[14:44] {Chaeron} change is good

[14:44] {Chaeron} just ask any Cuban from 1960

[14:48] {Threei}  WSJ REPORTS OBAMA TEAM DEVELOPED STIMULUS PACKAGE

[14:51] {dino} purple pills

[14:52] {peterg} lol

[14:53] {dino} tbsi l .77, stop lod

[14:54] {cosmo} lsd, it seems to me

[14:58] {Threei}  Qs should give scalpable bounce from just under .90

[14:58] {lisa_jay} in from .90

[14:58] {Threei}  stop under .85

[15:00] {dino} tbsi stopped -.13

[15:01] {Threei}  strange moves

[15:01] {Onix} GE downgraded ... CNBC

[15:02] {Threei}  hour old news

[15:02] {Onix} Buffet having a hard time

[15:03] {lisa_jay} Stopped on Q's, took it before your call Vad.

[15:03] {dino} randon market moves whipping me out everywhere

[15:04] {lisa_jay} yup

[15:04] {lisa_jay} tomorrow's expiry.

[15:05] {Threei}  WSJ REPORTS PRESIDENT ELECT OBAMA TEAM DEVELOPED STIMULUS PACKAGE OF $675-775B OVER 2 YEARS

[15:05] {Threei}  - says package could grow, could top out at $850B

[15:05] {Threei}  - Note: The high end was rumored to be $1T last weekend

[15:05] {dino} out in morning papers old

[15:05] {dino} and you tell me why bonds are rocling then, sheesh

[15:06] {Threei}  nothing is straightforward in this environemnt

[15:06] {wishbone} bonds are rocking dino?

[15:06] {dino} printing presses wide open bonds at all time highs

[15:06] {dino} tlt all time highs

[15:06] {dino} 20 year

[15:06] {Threei}  all the logical projections are being trashed

[15:07] {dino} tbt 2x short, collasped

[15:07] {Threei}  just thunk about half year - 9 months back,

[15:07] {Threei}  thnk

[15:07] {Threei}  thnk

[15:08] {Threei}  sheesh, I can't even type this word

[15:08] {dptl} think

[15:08] {Threei}  right

[15:08] {dptl} :)

[15:08] {cosmo} never

[15:08] {Threei}  how many of "normal" calculations about USD, gold, oil etc tunred out to be right?

[15:09] {Threei}  you know many experts who foresaw this USD rally and gold demise?

[15:10] {Threei}  new fators are being intorduced into play all the time

[15:10] {Threei}  factors

[15:10] {dino} oxy sm l .95

[15:11] {dino} everything i was taught is wrong

[15:13] {peterg} all your snakes are belong to us

[15:13] {peterg} (see youtube for further information)

[15:14] {Threei}  is it about damn snakes on the damn plane?

[15:14] {peterg} yessss

[15:14] {peterg} in part

[15:22] {Threei}  what's going on while I sleep?

[15:23] {lisa_jay} Dino's gut was right...selloff

[15:24] {Threei}  no seriously

[15:24] {Threei}  I don't see any news

[15:24] {Threei}  what happened?

02[15:24] * Disconnected

02[15:26] * Attempting to rejoin channel #discussions

03[15:26] * Rejoined channel #discussions

05[15:26] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[15:26] {magoo} if AAPL gets going lisa

[15:26] {dino} rinses, joyg, t

[15:26] {wishbone} can timestamp in mIRC be set to NY time?

[15:26] {Threei}  mine is

[15:26] {wishbone} how?

[15:26] {Threei}  it takes time from your computer clock

[15:26] {KSystems} out Qs 1/4 more .05

[15:26] {Threei}  I keep it on NY time

[15:26] {Threei}  here comes next Qs breakdown

[15:26] {wishbone} ok ty vad

[15:26] {lisa_jay} Wish i kept the last part of q's...

[15:26] {Threei}  over 1:2 now

[15:26] {dino} vz stopped -.12

[15:26] {Threei}  nice to take right side

[15:26] {Threei}  market makes money for you by itself

[15:26] {Threei}  where di you cover lisa?

[15:26] {Threei}  bidding last part .79

[15:26] {lisa_jay} .o3

[15:26] {Threei}  hmmm

[15:26] {Threei}  somewhat ""not here not there""

[15:26] {lisa_jay} Got scared when it could not take out .96 and kept bouncing up.

[15:26] {Threei}  out in full

[15:26] {lisa_jay} nice.

[15:26] {Threei}  +.34

[15:26] {wishbone} laser stickies ayone?

[15:26] {Threei}  INET at .84 for Qs, yes

06[15:26] * Threei slaps laserdave1 around a bit with a large stuck quote for INET

[15:26] {Threei}  look how nicely Qs cascaded ever since our entry

[15:26] {KSystems} out last 1/4 Qs .85

[15:26] {Threei}  how nice this letter starts

[15:26] {Threei}  Dear One

[15:26] {Threei}  I foresee your surprise upon receiving this letter from a total stranger but plead for your tolerance, of not having the pleasure of knowing your mindset before sending you this letter but is for the betterment our both family future.

[15:26] {Threei}  I need to learn to speak like this

[15:26] {dino} ge capital dpwngraded by s&p

[15:26] {Threei}  magoo... not having the pleasure of knowing your mindset, I have no other option but to slap you silly for the betterment of our room

[15:26] {dino} mwiv sm l .12

[15:26] {Threei}  (US) FED CHAIRMAN BERNANKE: FUNDAMENTAL CHANGES ARE NEEDED FOR CREDIT CARD REGULATIONS

[15:26] {peterg} ok, benno, like what?

[15:26] {Threei}  like what?

[15:26] {peterg} great minds

[15:26] {Threei}  hehe

[15:26] {peterg} thinner, stronger plastic

[15:26] {peterg} bigger letters for older consumers

[15:26] {peterg} pastels

[15:26] {peterg} revolutionary new shape: round credit cards

[15:26] {Threei}  wow

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

[15:26] {Threei}  I honestly don't know what is more scary - to leave this broken system as it is or to have these people talking about ""fundamental change""

[15:26] {Chaeron} change is good

[15:26] {Chaeron} just ask any Cuban from 1960

[15:26] {Threei}  WSJ REPORTS OBAMA TEAM DEVELOPED STIMULUS PACKAGE

[15:26] {dino} purple pills

[15:26] {peterg} lol

[15:26] {dino} tbsi l .77, stop lod

[15:26] {cosmo} lsd, it seems to me

[15:26] {Threei}  Qs should give scalpable bounce from just under .90

[15:26] {lisa_jay} in from .90

[15:26] {Threei}  stop under .85

[15:26] {dino} tbsi stopped -.13

[15:26] {Threei}  strange moves

[15:26] {Onix} GE downgraded ... CNBC

[15:26] {Threei}  hour old news

[15:26] {Onix} Buffet having a hard time

[15:26] {lisa_jay} Stopped on Q's, took it before your call Vad.

[15:26] {dino} randon market moves whipping me out everywhere

[15:26] {lisa_jay} yup

[15:26] {lisa_jay} tomorrow's expiry.

[15:26] {Threei}  WSJ REPORTS PRESIDENT ELECT OBAMA TEAM DEVELOPED STIMULUS PACKAGE OF $675-775B OVER 2 YEARS

[15:26] {Threei}  - says package could grow, could top out at $850B

[15:26] {Threei}  - Note: The high end was rumored to be $1T last weekend

[15:26] {dino} out in morning papers old

[15:26] {dino} and you tell me why bonds are rocling then, sheesh

[15:26] {Threei}  nothing is straightforward in this environemnt

[15:26] {wishbone} bonds are rocking dino?

[15:26] {dino} printing presses wide open bonds at all time highs

[15:26] {dino} tlt all time highs

[15:26] {dino} 20 year

[15:26] {Threei}  all the logical projections are being trashed

[15:26] {dino} tbt 2x short, collasped

[15:26] {Threei}  just thunk about half year - 9 months back,

[15:26] {Threei}  thnk

[15:26] {Threei}  thnk

[15:26] {Threei}  sheesh, I can't even type this word

[15:26] {dptl} think

[15:26] {Threei}  right

[15:26] {dptl} :)

[15:26] {cosmo} never

[15:26] {Threei}  how many of ""normal"" calculations about USD, gold, oil etc tunred out to be right?

[15:26] {Threei}  you know many experts who foresaw this USD rally and gold demise?

[15:26] {Threei}  new fators are being intorduced into play all the time

[15:26] {Threei}  factors

[15:26] {dino} oxy sm l .95

[15:26] {dino} everything i was taught is wrong

[15:26] {peterg} all your snakes are belong to us

[15:26] {peterg} (see youtube for further information)

[15:26] {Threei}  is it about damn snakes on the damn plane?

[15:26] {peterg} yessss

[15:26] {peterg} in part

[15:26] {Threei}  what's going on while I sleep?

[15:26] {lisa_jay} Dino's gut was right...selloff

[15:26] {peterg} hamsters again

[15:26] {peterg} snakes  got to thm

[15:27] {Threei}  sigh

[15:30] {dino} 1181 ndx gap from monday

[15:31] {dino} 868 s&p, dji filled

[15:41] {dino} out oxy .20, bad trade

[15:41] {dino} +.25\

[15:48] {lisa_jay} .

[15:51] {Threei}  really strange day

[15:51] {patience} quad witching tomorrow

[15:51] {lisa_jay} And i traded with size :-)  Murphy's law.

[15:52] {Threei}  yeah

[15:52] {Threei}  you did some good ones

[15:52] {lisa_jay} Following the rules / plan and trying not to freak out.

[15:53] {Threei}  well, freaking out is allowed

[15:54] {Threei}  right after trade is overt

[15:54] {Threei}  over

[15:55] {lisa_jay} Took a lot of stops but all under control...nothing that a good winning scalp cant wipe out tomorrow.

[15:56] {dino} gj lisa, afternoon was tough

[15:57] {lisa_jay} thanks Dino

[15:57] {Threei}  Ok guys, thank you all

[15:58] {Threei}  nmore weirdness tomorrow I guess

[15:58] {Threei}  will be restrained and picky

[15:58] {Threei}  have a good evening, see you in the morning

[15:58] {lisa_jay} Thanks Vad.

[15:58] {KSystems} Thank you 

[15:58] {Larisa1} see you

[15:58] {KSystems} and take care :)

[15:58] {dawg} thanks all

[15:58] {dptl} have a good evening all

[15:59] {lisa_jay} Hey Dawg...how was your day?

[15:59] {lisa_jay} DCC if possible.

[16:00] {dino} out mwiv .95-.17

[16:01] {dawg} so so Lisa still working with Laser it's awesome

[16:02] {lisa_jay} Yeah, so i have heard.

[16:02] {lisa_jay} You taking only Vad's calls 

[16:03] {dino} well, only a 340+ pt range today

[16:03] {dawg} not all of them went off on my own today and blew a couple of stops

[16:04] {dawg} trying to learn to set mental stops and I am down 40 bucks for the day

[16:04] {dino} not bad dawg, tough day.

[16:04] {lisa_jay} are you trading full size?

[16:04] {dino} you beat me

[16:05] {dawg} thanks dino but not in your league obviously

[16:05] {lisa_jay} Longs and shorts had it tough.

[16:05] {dino} rimm all over

[16:06] {dawg} no I am trading 200 on vads calls

Please review the content for the Bahamas Conference in April, 2009. You will find a lot of interesting topics, including five seminars by me. Please fill out the Survey to help finalize the planning.

First 30 minutes made the whole day - 3 winning trades of a nice size in quick succession, quite enough to go home. Not sure what we did the rest of the day but fun was had.

Session Time: Wed Dec 17 00:00:00 2008

[08:13] {Threei}  BALTIC DRY BULK INDEX +1%, AN 8TH STRAIGHT ADVANCE

[08:29] {Larisa1} good morning :) 4 inches of snow here. ice storm tomorrow :)

[08:31] {patience} good  morning Larisa1, snow here still too   :(   

[08:31] {cosmo} but it's save to back into the water maybe .... markt wise

[08:32] {Larisa1} then let it snow :)

[08:32] {Threei}  Good morning all

[08:32] {_elepet} Good morning 

[08:32] {Larisa1} gm pat, cosmo, threei

[08:32] {Threei}  elepet, larisa :)

[08:33] {_elepet} Larisa, are you the same one that was here in 2003?

[08:33] {Larisa1} no, i've changed a lot, 5 years older :)  

[08:33] {cosmo} i know the feeling

[08:34] {Threei}  I don't

[08:34] {cosmo} you will

[08:34] {Larisa1} lol

[08:34] {Threei}  I haven't changed since age of 11, except appearance

[08:34] {_elepet} nor i. and i bet i'm "older" than all of you.

[08:35] {cosmo} feeling like an 11 year old, traped in the body of an old man

[08:36] {cosmo} when i was 11, it was the other way around

[08:38] {_elepet} What is DSX? I notice it's the only one of the "Baltic" group you nentioned that is green pre market?

[08:39] {Threei}  http://www.dianashippinginc.com/

[08:40] {cosmo} ADBE

[08:40] {cosmo}     * [$$] Microsoft Targets Adobe in Web-Design Softwareat The Wall Street Journal Online(Tue 10:34pm)

[08:41] {Threei}  12/16/08 04:05pm [ADBE] Reports Q4 $0.60 v $0.58e, R $915M v $918Me

[08:41] {cosmo} # Adobe results at top end of viewReuters(Tue 8:37pm)

[08:42] {Onix} Hi there everybody

[08:43] {Threei}  onix :)

[08:43] {cosmo} JOYG: # Joy Global's 4Q profit rises on strong demandAP(Wed 8:29am)

[08:43] {cosmo} # UPDATE - Joy Global gives FY09 outlook below market viewat Reuters(Wed 8:08am)

[08:50] {cosmo} ADBE hi last night = 25.25   fwiw

[08:50] {Threei}  GOLDMAN'S ABBY JOSEPH COHEN PREDICTS S&P500 COULD MOVE UP MORE THAN 25% TO 1,150 BY 2010 -

[08:51] {Threei}  predicts that it could?

[08:51] {cosmo} maybe by friday ....maybe

[08:51] {Onix} must have a clear cristal ball

[09:00] {wishbone} gm all

[09:00] {Threei}  wish :)

[09:00] {Onix} hi wish

[09:01] {wishbone} hello onix

[09:02] {Raven}  The REAL LARISA !!!!!!!

[09:02] {Raven}  Good mornink

[09:02] {Threei}  Raven woke up :)

[09:02] {Raven}  Beautiful women do that to me

[09:03] {Onix} hi raven, long time no see

[09:03] {Raven}  Hi ... I have been watching you

[09:03] {Threei}  we behaved

[09:03] {Threei}  didn't we?

[09:03] {lisa_jay} Good Morning.

[09:03] {Raven}  uhh ... well, sort of

[09:03] {Threei}  lisa :)

[09:04] {Onix} hi lisa

[09:04] {lisa_jay} Hi Onix

[09:04] {Threei}  well, now and then I told them not to misbehave

[09:04] {Raven}  you acted worse than they did

[09:05] {Threei}  oops

[09:05] {Raven}  yes

[09:05] {Threei}  well, I have an excuse

[09:05] {Threei}  [08:34] {Threei} I haven't changed since age of 11, except appearance

[09:05] {Threei}  what's their excuse??

[09:05] {Raven}  lol

[09:07] {Raven}  5 inches of snow this morning here ... I hate it

[09:08] {cosmo} gee... i like snow

[09:08] {cosmo} sorry...

[09:08] {Raven}  damn grass is always greener

[09:08] {cosmo} without snow ... yes

[09:09] {Raven}  lol ... good point

[09:09] {cosmo} needs mowing

[09:10] {Geo} gm all

[09:10] {Raven}  I know ... guys show up once a week

[09:10] {Threei}  geo :)

[09:10] {dptl} good morning all

[09:10] {Threei}  dp the slacker :)

[09:10] {dptl} :)

[09:10] {Larisa1} HI Raven :) 

[09:10] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {dino} about 2" of ice

[09:11] {Raven}  Larosa ! :)

[09:11] {Onix} hi dino

[09:11] {Raven}  isa

[09:11] {Larisa1} you still can not type :)

[09:11] {Raven}  sigh ... I try

[09:12] {Larisa1} do not worry, I never could :)

[09:12] {cosmo} never worry?

[09:12] {Raven}  two finger technique here

[09:12] {Threei}  twice as good as mine

[09:12] {Raven}  what, me worry?

[09:13] {cosmo} just watch out for the shoes raven...

[09:13] {dino} :) onix

[09:14] {Raven}  shoes ... ya got me onthat one cosmo ...

[09:14] {cosmo} shoes from the press core ....sheesh

[09:14] {ese} howdeeeeee........

[09:14] {Raven}  ah ... duh ... I need tea

[09:15] {Threei}  ese :)

[09:15] {ese} hey vad

[09:15] {Onix} hi ese

[09:15] {ese} and alll

[09:17] {magoo} morning

[09:17] {Threei}  magoo :)

[09:18] {lisa_jay} Good morning Magoo.

[09:18] {Onix} hi mags

[09:19] {cosmo} CADX

[09:20] {cosmo} # Cadence Pharmaceuticals Announces Positive Topline Results of Phase III Clinical Trial of Acetavance in Laparoscopic SurgeryPR Newswire(Wed 9:00am)

[09:22] {tomg} good morning all

[09:22] {Onix} hi tom

[09:25] {Threei}  tom :)

[09:30] {KSystems} Hey...good morning

[09:30] {Threei}  ks :)

[09:31] {Onix} hi ks

[09:31] {Threei} Long Setup:  SLW  6 break if stays above 5.90

[09:33] {patience} no data from TSX to anybody, you have to laugh

[09:33] {Threei} Long Setup:  DRYS  11 break half lot

[09:33] {Threei}  if stays above 10.85

[09:35] {ese} who or what is slw vad

[09:35] {dino} crn sm s .00

[09:35] {magoo} indrys

[09:35] {Threei}  silver play

[09:36] {ese} news

[09:37] {cosmo} interest rate are so low, ese

[09:37] {cosmo} is

[09:37] {Threei}  DRYS over 1:1

[09:37] {Threei}  half out .25

[09:37] {Threei}  scalpers take profit

[09:38] {Threei}  SLW over 1:1, half out

[09:39] {lisa_jay} Thanks Vad, got 10 and 20c on SLW

[09:39] {Threei}  :)

[09:39] {lisa_jay} Got 20c on Drys.

[09:39] {Threei}  offering DRYS balance .35

[09:39] {Threei}  SLW, not sure yet

[09:39] {Threei}  stops under b/e of course

[09:40] {Threei}  out in full DRYS

[09:40] {dino} aapl support? 85ish?

[09:40] {lisa_jay} nice

[09:40] {Threei}  wow... no idea AAPL

[09:40] {magoo} out DRYS .59 TY vad

[09:40] {dino} gj drys

[09:41] {Threei}  wtg

[09:41] {lisa_jay} Wow Magoo.

[09:41] {Geo} nice magoo

[09:41] {magoo} hit top..was laid out there

[09:41] {Threei}  watch ENER for pullback entry if goes to 22.80 area

[09:42] {magoo} aapl had pretty good support 87 area...BUT theyt are downgrading it today

[09:42] {magoo} careful

[09:43] {Threei}  .45 - .50 break on ENER, small shares if you go for that, stop under .20

[09:44] {magoo} DRYS vad..has 12 easy

[09:46] {Threei}  looks like mags

[09:46] {magoo} reloaded it .60

[09:47] {peterg} morning, lots of activity!

[09:47] {magoo} out .82

[09:48] {dino} gj

[09:48] {Threei}  feel free to take profit on ENER here

[09:48] {magoo} [09:44] {magoo} DRYS vad..has 12 easy

[09:48] {Threei}  out SLW inb full +.45

[09:48] {Threei}  peter :)

[09:49] {magoo} that was nice..i didnt take cause it no move yesterday

[09:49] {Threei}  20 minutes into trading day, 3 1/2 wins

[09:49] {Threei}  can I go home?

[09:49] {magoo} nope

[09:49] {magoo} :)

[09:49] {Geo} whose the slacker

[09:50] {magoo} 12

[09:51] {dino} crn bstop to .86

[09:52] {magoo} vad DRYS is going against mkt here

[09:52] {Geo} wow early on ener

[09:52] {Threei}  yeah

[09:52] {Geo} beautifull beautifull day vad

[09:52] {Threei}  but it's way too volatile, big risk to oversit

[09:54] {ese} L UAUA .49

[09:54] {Geo} traded rimm from last close's memory

[09:55] {peterg} .look at RIMM--perfect batman!

[09:56] {Threei} Long Setup:  EGLE  .75 break smaller shares if stays above .60, and use DRYS as leading indicator for this one

[09:57] {magoo} vad,leyt me know if a call u make is slow ok?

[09:58] {Threei}  UAUA, ese... if breaks .60, with any market help should go closer to 11

[09:59] {dino} cov crn .91 +.09

[09:59] {ese} tks vad

[10:02] {Threei}  no worky EGLE

[10:02] {lisa_jay} q's could be head and shoulders?

[10:03] {ese} uaua looking weak here

[10:03] {ese} needs to take that shot at .60

[10:03] {Threei}  looks fine to me so far ese

[10:03] {Threei}  stays near the high during masrket selling

[10:04] {magoo} q bounce vads?

[10:04] {dino} ebs hl s .15

[10:04] {Threei}  no read here mags, 50/50

[10:05] {magoo} somewhere vad

[10:06] {cosmo} CDNS testy

[10:07] {Onix} ty Vad, i got 14c + 36c + 41c in SLW

[10:07] {Threei}  :)

[10:09] {Threei}  UAUA just needs little encouragement form the market, holding amazingly well

[10:10] {Threei}  in fact, if market bounces, .60 break is new trigger on it

[10:10] {magoo} l q here 30

[10:11] {magoo} drat didnt see that red bar coming

[10:11] {ese} I see what you mean vad....showing strenght during market selling

[10:12] {ese} naz going dn and it hangs in there

[10:12] {ese} opps

[10:12] {Threei}  hopefully we get bounce soon enough

[10:12] {Threei}  salmon like this can lose patience and give up

[10:12] {dino} ebs bstop to .27, not moving

[10:12] {cosmo} CDNS: # UPDATE - Cadence's pain drug meets main goal; shares jumpat Reuters(Wed 9:57am)

[10:13] {cosmo} fwiw

[10:13] {lisa_jay} Vad, you have obsession with fish.  Salmon, trout.

[10:13] {Threei}  hmmm

[10:13] {Threei}  really

[10:13] {Geo} but they tase sooooogood...................

[10:13] {cosmo} i like red salmon that turn green

[10:14] {lisa_jay} lol Cosmo

[10:14] {Threei}  that could be unhealthy cosmo

[10:14] {cosmo} not if its healing

[10:14] {cosmo} in a down mkt

[10:15] {magoo} vad go to q lev 2

[10:15] {lisa_jay} Q's could go to 29.45 - 29.55 area.

[10:15] {magoo} are your bids off?

[10:16] {Threei}  no... looks ok

[10:16] {magoo} mine have been for 2 days 

[10:16] {Threei}  .87

[10:16] {magoo} 99

[10:16] {magoo} server?

[10:16] {Threei}  4

[10:16] {magoo} me too how can that be?

[10:16] {magoo} INETb

[10:17] {magoo} did u do last download?

[10:17] {Threei}  no

[10:17] {lisa_jay} Our platform had issue with a stuck quote yesterday.  Had to be flused out.  Ok now Mags.

[10:17] {magoo} i didnt

[10:17] {magoo} whats flused out?

[10:17] {lisa_jay} Some stuck quote in Chago, they did it at their end.  

[10:17] {Threei}  slw

[10:18] {lisa_jay} Chicago.

[10:18] {magoo} even UAUA vad,has bid stuck .51

[10:18] {lisa_jay} I did not have to do anything.

[10:18] {Threei}  not here magoo

[10:18] {Threei}  .48 x .49

[10:18] {magoo} wghat should i do?

[10:18] {Threei}  try to switch servers back and forth

[10:18] {magoo} cant hide inetb because offers are there

[10:18] {magoo} did u do lastr download?

[10:19] {Threei}  [10:17] {magoo} did u do last download?

[10:19] {Threei}  [10:17] {Threei} no

[10:19] {dino} ebs stopped -.13

[10:19] {magoo} all servers same

[10:20] {magoo} hard to trade this way

[10:20] {ese} come on UAUA...don't wanna have to take the 5th on ya.....

[10:23] {Threei}  10:22:42 ADMIN7 --} (All): INETsticky quotes caused by data provider issues. They are working to resolve it as soon as possible. We are pushing them very hard.

[10:23] {patience} toronto still hasn't opened, data problemds

[10:23] {magoo} misery luvs company he he

[10:24] {ese} this country has had data problems since it's inception

[10:25] {magoo} hey larisa..are u my old girlfriend from new jersey? 

[10:25] {Larisa1} are you rich and handsome ?

[10:25] {dino} sm s ksu .60

[10:25] {Threei}  lol

[10:26] {ese} uaua stopped........bloddy(as the english would say) heck!

[10:26] {patience} i like this girl

[10:26] {magoo} no..fat drunk and stupid is how i chose to go thru life

[10:26] {Larisa1} then yes 

[10:26] {magoo} ROFLOL

[10:26] {Chaeron} Good morning all... 

[10:27] {Chaeron} Hi Larisa

[10:27] {Chaeron}  :)

[10:27] {ese} hmmmmmmm....do not mess with larisa.......

[10:27] {dino} lol

[10:27] {Threei}  chaeron :)

[10:27] {Onix} hi chaeron

[10:27] {Chaeron} I've been telling you that for a long time ese

[10:27] {ese} CCCCCCHHHHHHHH baby!!!!!!!

[10:27] {magoo} chaerBROIL

[10:27] {Larisa1} morning Chaeron :)

[10:27] {magoo} no one else receives a greeting like chaer..u special :)

[10:27] {Chaeron} hehehHeya magoo, threei, Onyx :)

[10:28] {ese} and....and.....

[10:28] {Chaeron} :P

[10:28] {ese} and....and.....

[10:28] {magoo} vad..got a read DRYS?

[10:29] {Threei}  not here

[10:29] {magoo} ok

[10:30] {ese} L 1/2 lot UAUA .40

[10:35] {magoo} DRYS is going to 13 vad..not a trade call 

[10:35] {Threei}  DOE CRUDE: +525KV UNCHANGED EST.; GASOLINE: 1.29M V +1.3ME

[10:38] {ese} L another 1/2 lot UAUA.50

[10:39] {Geo} adbe real week

[10:39] {Geo} weak lol

[10:39] {ese} sucker for punishment maybe?

[10:42] {Threei}  beautiful UAUA ese

[10:42] {ese} will it break 11.00 vad do you think

[10:42] {ese} ua that is?

[10:42] {Geo} i chickened and dumped at .64

[10:42] {ese} geo baby.....you left me hangin???? how could ya

[10:42] {Threei}  hard to tell with this erratic market action

[10:43] {Geo} in profit protection mode

[10:43] {Geo} did too well early morning

[10:43] {Geo} lol

[10:43] {Geo} oh yeah

[10:43] {Geo} thanks lord vader

[10:43] {magoo} i cant take ittttttt in DRYS

[10:47] {dino} sm wide l axys .40

[10:48] {magoo} out DRYS here .22

[10:49] {magoo} +.22

[10:49] {magoo} i am what i am...a scalpin' fool

[10:49] {dino} ok popeye

[10:49] {Geo} a RICH scalping fool

[10:50] {Threei}  what the deuce

[10:50] {Threei}  UAUA

[10:50] {Geo} yeah...

[10:50] {Threei}  that was disgusting

[10:50] {Geo} you out ese?

[10:51] {dino} stewie

[10:51] {ese} no still hangin in there......think there may be bigetr things

[10:52] {Threei}  DRYS just keeps consolidating and making new highs

[10:52] {ese} considered adding another 1/2 lot at .50 again

[10:52] {Geo} hans i likeeeee

[10:52] {magoo} DRYS is THE salmopn vad

[10:52] {ese} the market technical setup looks OK....bull flag

[10:54] {ese} on the NAZ anyway

[10:57] {dino} hl l rimm .00

[10:58] {Geo} .

[10:58] {ese} uaua vad opinion?

[10:59] {lisa_jay} Geo Dcc please q about how to place stops in TOS.

[11:00] {Geo} i dont know lisa

[11:00] {Geo} have them but never traded equities on it

[11:00] {lisa_jay} Actually, let me just try to figure out how to DCC first, sigh.

06[11:01] * lisa_jay slaps Geo around a bit with a large trout

[11:01] {lisa_jay} sorry.  

[11:02] {Chaeron} Hi Lisa - just right click on the name of the person that you want to DCC with 

[11:02] {Chaeron} roflol

[11:02] {lisa_jay} not working...tried both the DCC options.

[11:02] {ese} would have been harder slp if it was Larisa.....

[11:02] {Chaeron} oh you wouldn't be typing yet if Larisa hit you

[11:03] {ese} that would be hard

[11:03] {Chaeron} tried double clicking on the nick too?

[11:03] {lisa_jay} Thank you so much Chaeron.

[11:04] {Chaeron} mp

[11:04] {Threei}  ese... really can't tell in this jerky market

[11:04] {Chaeron} what did you call me Vad?

[11:04] {Threei}  I have too wide choice chaeron...

[11:05] {Threei}  not sure which partuclar time you mean

[11:05] {Chaeron} lol

[11:06] {ese} tks vad

[11:06] {Threei}  shesh SLW

[11:06] {Threei}  just won't stop

[11:07] {ese} auch...new aye.......will  yee new goooo  dune agin.

[11:08] {patience} that would be the christmas bottle of scotch ese just opened

[11:08] {lisa_jay} lol

[11:08] {Geo} oh i thought that was gaelic

[11:08] {ese} speaking of that ....you two need to pop over....

[11:08] {Threei}  swuahili?

[11:09] {patience} sounds good ese, but you are what about an 8 minute walk from my house....have they cleared the streets yet?

[11:10] {ese} always keep this in mind for the Christmas season....."ALCHOHOL WORKS"!!!!!!!

[11:10] {Threei}  FYI victorians

[11:10] {Threei}  huge dark cloud moves from East

[11:11] {dino} indeed es, indeed

[11:11] {Threei}  I am not sure why you narrow it down to Christmas season, ese

[11:11] {patience} ok, vad has popped open the vodka

[11:11] {Threei}  as if I ever closed it

[11:11] {ese} and that dark cloud would be a ???????

[11:12] {KSystems} A Nissan, ese

[11:12] {Threei}  every time I try, dp is right there grabbing my hand and saying resounding NO

[11:12] {ese} ha ha ha ha ha ha....good one!

[11:12] {dptl} lol

[11:12] {Threei}  I am afraid that's that snow they promised us for today

[11:12] {Threei}  courtesy of Al Gore

[11:12] {Larisa1} next time be nicer to Al Gore

[11:13] {Larisa1} lol

[11:13] {Threei}  lol

[11:14] {Chaeron} heheh.. {{rolling eyes

[11:14] {ese} right then lads........lets make that run at 11 now shall we 

[11:14] {Geo} hey dont make fun of him

[11:14] {Geo} he invented the internet for you people to trade

[11:17] {cosmo} ice sheets i say!

[11:17] {Threei} Long Setup:  MS  .50 break if holding above .35

[11:17] {ese} auch du miya......the wait here is driving me nuts

[11:20] {cosmo} btw - CDNS would be a green salmon...

[11:22] {Threei}  nig drop DRYS

[11:22] {Threei}  big

[11:27] {ese} those of you that live on the island........what does a wind storm and a divorce in East Sooke have in common?  either way....you loose the trailer!

[11:27] {dino} rimm s .60

[11:27] {lisa_jay} lol

[11:28] {patience} cute ese

[11:28] {Threei}  OPEC'S KHELIL: NON-OPEC NATIONS HAVE NOT AGREED TO CUT ANY OIL PRODUCTION

[11:28] {wishbone} hey i live in e sooke

[11:28] {patience} and a  beautiful place it is

[11:28] {wishbone} just kidding ese :)

[11:28] {ese} good one.....

[11:28] {Threei}  that dark cloud is not moving... is it snowing at your neck of the woods, dp?

[11:29] {ese} raining...

[11:29] {patience} raining

[11:29] {dptl} yeah...big time

[11:29] {ese} suppose to turn to snow

[11:29] {Threei}  thought so, it looks like it's over Vancouver

[11:29] {Chaeron} pru

[11:30] {cosmo} just like in so.cal. ....today

[11:30] {ese} thats dp smoking outside....

[11:30] {Geo} low 50s here with rain :(

[11:30] {dino} cov rimm .48.,+.12

[11:30] {ese} where are you Geo?

[11:32] {dino} mwiv blood

[11:33] {magoo} dino..u buy beer for the office xmas party??

[11:33] {Geo} socal

[11:33] {Geo} ese

[11:34] {ese} huh?

[11:34] {Geo} ab out 50 miles north of chaeron

[11:34] {Geo} los angeles

[11:34] {ese} wheres that?

[11:34] {ese} ahhhhh

[11:34] {dino} y

[11:34] {Geo} socal = southern cali

[11:34] {ese} same neck of the woods...west coasr

[11:34] {dino} soco, southern comfort

[11:34] {Geo} vancouver?

[11:35] {ese} victoria....on vancouver island

[11:35] {Geo} heh just bought the Big bottle...

[11:35] {Chaeron} I want to go to Whistler

[11:35] {Geo} ahh vacationed there a few yrs ago

[11:35] {ese} no you don't

[11:35] {ese} ski lift just colpased yesterday

[11:36] {Chaeron} oh geesh

[11:36] {ese} colapsed

[11:36] {ese} nobody killed though

[11:37] {dino} mwiv sm l .30

[11:37] {dino} .00 i mean

[11:37] {lisa_jay} Obama speaking

[11:38] {KSystems} uaua

[11:38] {cosmo} the president is near...

[11:38] {ese} ua baby!!!!! go for it

[11:38] {dino} ksu cov .50, +.10 

[11:40] {dino} sm l cpla .28

[11:52] {magoo} .

[11:53] {dino} afam sm l .60, stop lod

[12:01] {ese} out uaua .75 

[12:02] {ese} + .31 on a full lot

[12:02] {Threei}  beauty

[12:02] {patience} nice ese

[12:02] {dino} gj

[12:03] {ese} tks...can now go into school with appropriate ego.....swear and curse at the principal,...threaten to quit...have found a better job....alll the usual stuff

[12:03] {ese} see ya tomorrow....

[12:03] {Threei}  beat him up with a trout?

[12:03] {Threei}  take care ese :)

[12:04] {ese} indeed

[12:04] {Geo} heheh ese

[12:04] {Geo} my thought exactly

[12:04] {Geo} i work for a univ

[12:04] {Geo} everytime i cross my daily i have this extra swagger at work

[12:04] {Geo} lol

[12:05] {Geo} its vads fault

[12:05] {dino} lol

[12:05] {Threei}  sorry Geo

[12:06] {Threei}  I'll accept the blame with proper humility

[12:10] {dino} out cpla ave .40, +1.12

[12:10] {magoo} WHATTTTTTTT

[12:11] {dino} 11:40] {dino} sm l cpla .28

[12:12] {lisa_jay} nice

[12:12] {dino} ty

[12:13] {Threei}  what the deuce?

[12:13] {magoo} cant believe i missed that Q bounce ARRRRRRRRRR

[12:13] {Threei}  and why stocks don't follow the index?

[12:13] {Geo} hmmm say strong after ditching the purchase

[12:18] {magoo} my quotes are STILL stuck btw

[12:19] {patience} toronto is still closed btw

[12:19] {Threei}  sheesh

[12:20] {magoo} only thru my superior genetic breeding am i able to still trade profitably under these inferior quote circumstances

[12:21] {Threei}  lol

[12:21] {Threei}  guys, I am sorry but I'll have to leave for couple hours

[12:21] {magoo} slacker

[12:22] {Onix} we will miss you

[12:22] {Threei}  it really looks like city may become impassable for couple days, and there is no food in the house

[12:22] {Threei}  will be back asap

[12:22] {magoo} u have fat resrves lol

[12:22] {Onix} drive safely

[12:22] {patience} there goes magoo's bonus

06[12:22] * Threei slaps magoo around a bit with a large book of healthy and tasty foods

[12:22] {KSystems} there goes magoo's membership!

[12:23] {magoo} sigh..AGAIN..K

[12:23] {KSystems} oh you have experience in this?

[12:23] {magoo} been on double secret probation before..yes

[12:36] {patience} ok, if the tsx doesn't want to take my money, the mall will....see you guys later

[12:38] {Onix} drive careful patience, see ya

[12:40] {lisa_jay} Magoo, have your quotes been corrected?

[12:40] {dino}   cya patience

[12:41] {dino} magoo stepped out

[12:42] {lisa_jay} thanks Dino

[12:42] {dino} np

[12:46] {dino} ksu s .79

[12:48] {magoo} back and no to quotes

06[12:48] * magoo slaps laserdave1 around a bit with a large large dose of whatsup?

[12:57] {dino} ksu bstop is .98

06[13:09] * laserdave1 slaps magoo around a bit with a large trout

[13:10] {magoo} dcc dave

[13:10] {dino} ksu stopped

[13:13] {dino} tbt l .95

[13:33] {dino} out tbt .07, +.12

[13:39] {magoo} mkts green

[13:39] {magoo} i hear hoofs steps on the roof top

[13:43] {dino} mwiv out .88, +.88

[13:44] {Onix} brilliant!

[13:44] {dino} took like years

[13:45] {Onix} guts & patience hey?

[13:46] {dino} luck more like it

[13:46] {Onix} ya right, like Gary Player once said "The more I practice, the luckier I get"

[13:47] {dino} lol

[13:51] {Larisa1} vad's MS 16.50 breakout play worked one hour later. he was just too early. nice 

[13:58] {Onix} you played it?

[13:58] {Larisa1} no, i am just watching him closely.. still great trader :)

[14:00] {dino} out afam .95, +.35

[14:00] {Onix} gj again!

[14:01] {dino} ty

[14:01] {dino} i just suck in the a.m.

[14:14] {Geo} i suck without vad in the rooms

[14:15] {dino} mwiv sm l .49

[14:35] {Onix} now just look what "they" do to the market when Vad is not there to watch them

[14:51] {magoo} magoo kickin thge Q

[14:52] {Larisa1} your name means "i can" in russian so kick away :)

[14:54] {Threei}  hey... I see market didn't do much eh?

[14:54] {lisa_jay} Welcome back.

[14:54] {Threei}  ty

[14:54] {Threei}  to mark my entrance:

06[14:54] * Threei slaps magoo around a bit with a large ball of snow

[14:55] {Onix} welcome back, i see you navigated the snowy roads successfully

[14:55] {Threei}  just a sleet

[14:55] {Threei}  for now

[14:56] {Threei}  but from what I saw on the east, we won't hear much from Gulf islands till April

[14:56] {Threei}  OK

[14:56] {Threei}  DRYS

[14:56] {Threei}  11.80 established as a nice support to break

[14:57] {Threei}  if market continues down, watching it for a nice close resistance

[14:57] {Threei}  so far it's 12 but I'd like to see something a little tighter

[14:57] {Threei}  not sure about 12 break as a long in case of market upward surge

[14:57] {magoo} bnutr sir.mkts going up

[14:58] {magoo}  bnutr

[14:58] {magoo} siggh

[14:58] {magoo} sigh

[14:58] {magoo} that was but

[14:58] {lisa_jay} lol

[14:58] {Threei}  who is bnutr?

[14:58] {Threei}  your pet name for Rabindranat Tagor?

[15:00] {magoo} hang on..ew going ballistic mav

[15:01] {Threei}  awww

[15:01] {Threei}  MS got away

[15:01] {magoo} this is mav...im supersonic..will be profitable in 30 seconds

[15:02] {magoo} man i luv bangin the q's

[15:02] {magoo} why didn't i trade them 3 mnonths ago i ask

[15:03] {Threei}  {Q's} yeah but do you really have to tell everybody... :(

[15:03] {magoo} mac machine

[15:03] {magoo} i told dino and he snipped at me

[15:04] {magoo} said doesn't like being told anything 

[15:04] {lisa_jay} where are u long from Magoo on the Q's?

[15:04] {magoo} then he threw a blow pop at me

[15:04] {magoo} so allz good..cause they are magoo favorite

[15:05] {magoo} long gone now .20 to .40

[15:05] {lisa_jay} Ok thanks.

[15:05] {dino} (dino) too much stuff going on to listen to magoo

[15:10] {Larisa1} LLTC is narrow today. not enough steam to stay over 24 resist

[15:10] {dino} can't say the same about magoo larisa

[15:11] {Larisa1} lol

[15:11] {magoo} that does it

06[15:11] * magoo slaps Larisa1 around a bit with a large old gift she gave him while dating

[15:12] {Larisa1} will not work, i will not return the diamonds

[15:12] {magoo} i like that name "larisa" :)

[15:14] {Larisa1} ty

[15:15] {Threei}  more and more thinking short on DRYS

[15:16] {magoo} l aapl as close to 89 u can get

[15:16] {magoo} small stop .74

[15:17] {magoo} its goin for 90 with mkt help 

[15:17] {magoo} RISKY

[15:19] {Threei}  OK

[15:19] {Threei}  resistance for a stop is 12.05

[15:19] {Threei}  just try to catch it as close to it as possible for a nice tight stop

[15:19] {lisa_jay} R u in teh Drys trade Vad?

[15:19] {Threei}  in .99

[15:20] {Threei}  can I afford 6 cents stop?

[15:20] {Threei}  YES I CAN!

[15:20] {magoo} first aapl exit would be 60 area

[15:20] {lisa_jay} Agh!  Not shortable.

[15:20] {dino} tbt l .10

[15:20] {Threei}  need market to go down now

[15:20] {magoo} iun .29

[15:21] {lisa_jay} Kicking one end of market up for Magoo and one end down for Vad.

[15:21] {Threei}  lol

[15:21] {magoo} lol'

[15:21] {Threei}  redefining multitasking

[15:22] {magoo} nice kick

[15:22] {Threei}  kick the other side now

[15:23] {lisa_jay} Wait will get kid to help.

[15:23] {Threei}  thank you, just right side

[15:23] {Threei}  die DRYS

06[15:27] * Threei hits DRYS over the head with 2x4 with rusty nails

[15:27] {magoo} aapl stop

[15:27] {Threei}  half out DRYS

[15:27] {Threei}  .90

[15:27] {lisa_jay} sorry magoo.  

[15:27] {Threei}  scalpoers have over 1:1

[15:28] {Threei}  out in full

[15:28] {Threei}  .85

[15:28] {Threei}  anyone??

[15:28] {jmb} Thanks Vad

[15:28] {lisa_jay} Not avail able for me.

[15:29] {wishbone} out .86 ty vad

[15:29] {Threei}  welcome guys

[15:29] {patience} just watching, no fun without the tsx up yet

[15:29] {Onix} me still in with 100sh

[15:29] {Threei}  with that stellar morning, I am in firm scalping mode onix

[15:29] {Threei}  taking easy money and never looking back

[15:31] {Onix} all out, ty i got 16c

[15:31] {Threei}  :)

[15:33] {Larisa1} what made you think DRYS short share pls.  

[15:33] {Threei}  couldn't over come resistance during market upward spikes, it used to be much more willing over last week or so

[15:34] {Threei}  started downticking much easier when market stalled or pulled back

[15:35] {Larisa1} tks

[15:41] {Threei}  weird spikes

[15:42] {magoo} dino called it

[15:43] {dino} out mwiv .89, +.40

[15:43] {Threei}  quick scalp idea with tight stop:

[15:43] {Onix} gj!

[15:43] {magoo} dinos really good in the afternoon

[15:43] {Threei}  MS, .16 long if stays above .10

[15:43] {dino} thx

[15:45] {Geo} still valid?

[15:45] {Threei}  DRYS newfound enthusiasm

[15:45] {Threei}  barely

[15:46] {Threei}  nah

[15:46] {Geo} yup

[15:50] {Onix} that DRYS is unbelieveable!

[15:50] {Threei}  DRYS is posessed

[15:51] {Threei}  see that foam at the mouth?

[15:51] {Onix} lol

[15:51] {magoo} 13 vad

[15:51] {Threei}  not today

[15:52] {dino} out tbt .24, +.14

[15:52] {Onix} nice

[15:53] {dino} ty

[15:58] {Onix} the bulls & bears can put up a good fight hey?

[15:58] {lisa_jay} Vad, quick DCC please.

[15:58] {Onix} maybe a better trading day tomorrow, bye for now

[15:58] {wishbone} good nite all

[15:58] {wishbone} cyaonix

[15:58] {Threei}  better??

[15:59] {Threei}  what was wrong with this one?

[15:59] {Onix} not bad, but i know i can do better

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {Larisa1} bye :)

[16:00] {dptl} have a good evening all

[16:00] {magoo} ty vad..all

[16:01] {dawg} thanks all

[16:01] {dino} thx all, good time

Dec 16 2008

Fair day, but plagued by multiple disconnections. The log is littered by replays that occur on reconnection, and I really am not not up to editing it all... posting as is, sorry. Just scroll past long string with the same time stamp after the line saying Disconnected.

Session Time: Tue Dec 16 00:00:00 2008

[07:43] {Threei}  (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA

[07:47] {Threei}  FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING

[07:47] {Threei}  - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).

[08:03] {magoo} morning

[08:03] {Threei}  morning mags

[08:03] {magoo} hi vad

[08:04] {magoo} u watching GS?

[08:05] {Threei}  no... should I?

[08:05] {magoo} reports this morn...

[08:05] {magoo} have they yet?

[08:07] {Threei}  no

[08:07] {Threei}  will try to post as soon as they do

[08:07] {Threei}  (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE "WAS APPROPRIATE" - CNBC INTERVIEW

[08:07] {magoo} ty

[08:13] {Threei}  BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE

[08:13] {Threei}  - Capseize rates exceed $10k for the first time since Oct 17th

[08:16] {Threei}  GS

[08:16] {Threei}  REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%

[08:17] {Threei}  SLW bidder nears yesterday's 5.15 high

[08:31] {Threei}  *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS

[08:31] {Threei}  - Prior Housing Starts revised from 791K to 771K

[08:31] {Threei}  NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E

[08:31] {Threei}  - CPI y/y: 1.1% v 1.5%e

[08:31] {Threei}  - Core CPI Y/Y: 2.0% v 2.1%e

[08:33] {magoo} GS rocking vad

[08:33] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?

[08:34] {Threei}  to tell them "there there, it's gonna be OK"....

[08:37] {magoo} is fed rate decision today or wed?

[08:37] {Geo} gm all

[08:37] {Threei}  today

[08:37] {Threei}  Geo :)

[08:47] {lisa_jay} Hi Vad.

[08:47] {lisa_jay} Goodmorning everyone.

[08:47] {Threei}  Lisa :)

[08:53] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.

[08:53] {lisa_jay} Is it 20 EMA or 20SMA.  Thanks.

[08:54] {Threei}  sma

[09:00] {KSystems} Good morning!!

[09:03] {Threei}  KS :)

[09:06] {ese} good morning.......

[09:07] {Threei}  ese :)

[09:07] {dino} gm all

[09:08] {Threei}  dino :)

[09:11] {_elepet} good morning to you

[09:11] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:12] {ese} sorry up.25......

[09:12] {Onix} Good morning all

[09:13] {ese} onix...

[09:14] {wishbone} gm all

[09:14] {Larisa1} good morning

[09:14] {ese} wish....larisa

[09:15] {Threei}  onix, wish, larisa :)

[09:15] {wishbone} hi ese

[09:15] {Onix} hi larisa & wishbone

[09:15] {Threei}  ese... 11.50 is critical juncture for it

[09:16] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:16] {ese} yes......

[09:16] {ese} tks

[09:16] {Threei}  some minor resistance on the way,

[09:16] {Threei}  but if market helps, they won't matter much

[09:16] {ese} tks vad

[09:17] {_elepet} hello larissa

[09:17] {Threei}  elepet :)

[09:18] {peterg} morning all

[09:18] {Threei}  peter :)

[09:18] {Onix} hi peter

[09:18] {peterg} yo onix

[09:19] {Larisa1} elepet, onix :)

[09:22] {Threei}  be back in 5

[09:26] {Threei}  keep an eye on SLW

[09:26] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:27] {Threei}  and of course usual suspect... DRYS

[09:28] {Threei}  premarket chart has 10.90 as break level, but I'd prfer drop and entry for bounce

02[09:28] * Disconnected

02[09:29] * Attempting to rejoin channel #discussions

03[09:29] * Rejoined channel #discussions

[09:29] {Threei}  (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA

[09:29] {Threei}  FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING

[09:29] {Threei}  - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).

[09:29] {magoo} morning

[09:29] {Threei}  morning mags

[09:29] {magoo} hi vad

[09:29] {magoo} u watching GS?

[09:29] {Threei}  no... should I?

[09:29] {magoo} reports this morn...

[09:29] {magoo} have they yet?

[09:29] {Threei}  no

[09:29] {Threei}  will try to post as soon as they do

[09:29] {Threei}  (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE ""WAS APPROPRIATE"" - CNBC INTERVIEW

[09:29] {magoo} ty

[09:29] {Threei}  BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE

[09:29] {Threei}  - Capseize rates exceed $10k for the first time since Oct 17th

[09:29] {Threei}  GS

[09:29] {Threei}  REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%

[09:29] {Threei}  SLW bidder nears yesterday's 5.15 high

[09:29] {Threei}  *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS

[09:29] {Threei}  - Prior Housing Starts revised from 791K to 771K

[09:29] {Threei}  NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E

[09:29] {Threei}  - CPI y/y: 1.1% v 1.5%e

[09:29] {Threei}  - Core CPI Y/Y: 2.0% v 2.1%e

[09:29] {magoo} GS rocking vad

[09:29] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?

[09:29] {Threei}  to tell them ""there there, it's gonna be OK""....

[09:29] {magoo} is fed rate decision today or wed?

[09:29] {Geo} gm all

[09:29] {Threei}  today

[09:29] {Threei}  Geo :)

[09:29] {lisa_jay} Hi Vad.

[09:29] {lisa_jay} Goodmorning everyone.

[09:29] {Threei}  Lisa :)

[09:29] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.

[09:29] {lisa_jay} Is it 20 EMA or 20SMA.  Thanks.

[09:29] {Threei}  sma

[09:29] {KSystems} Good morning!!

[09:29] {Threei}  KS :)

[09:29] {ese} good morning.......

[09:29] {Threei}  ese :)

[09:29] {dino} gm all

[09:29] {Threei}  dino :)

[09:29] {_elepet} good morning to you

[09:29] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:29] {ese} sorry up.25......

[09:29] {Onix} Good morning all

[09:29] {ese} onix...

[09:29] {wishbone} gm all

[09:29] {Larisa1} good morning

[09:29] {ese} wish....larisa

[09:29] {Threei}  onix, wish, larisa :)

[09:29] {wishbone} hi ese

[09:29] {Onix} hi larisa & wishbone

[09:29] {Threei}  ese... 11.50 is critical juncture for it

[09:29] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:29] {ese} yes......

[09:29] {ese} tks

[09:29] {Threei}  some minor resistance on the way,

[09:29] {Threei}  but if market helps, they won't matter much

[09:29] {ese} tks vad

[09:29] {_elepet} hello larissa

[09:29] {Threei}  elepet :)

[09:29] {peterg} morning all

[09:29] {Threei}  peter :)

[09:29] {Onix} hi peter

[09:29] {peterg} yo onix

[09:29] {Larisa1} elepet, onix :)

[09:29] {Threei}  be back in 5

[09:29] {Threei}  keep an eye on SLW

[09:29] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:29] {Threei}  and of course usual suspect... DRYS

[09:32] {magoo} ar..missed drys

[09:32] {Threei}  sharp jump out of the gate, DRYS

[09:32] {Threei}  need pullback

[09:33] {magoo} BBY nuts

[09:35] {Threei}  DRYS bounce candidate closer to 11

[09:36] {KSystems} Hello kobran

[09:36] {dino} welcome kobran

[09:37] {_kobran} GM

[09:37] {Threei}  morning kobran

[09:38] {Threei} Long Setup:  DRYS  .30 break half lot, stop under .10

[09:38] {Threei}  risky one, market is jerky

[09:39] {ese} long DRYS 1/2

[09:39] {ese} .34

[09:40] {magoo} in 

[09:40] {Threei}  look to partial out or take scalp closer to .50

[09:40] {Threei}  right here

[09:40] {Threei}  half out for me

[09:40] {ese} that daily chart show clear sailing almost to 20

[09:40] {Geo} ty

[09:40] {magoo} out .51 TY

[09:40] {magoo} got in .25

[09:41] {KSystems} half out .53

[09:41] {Threei}  stop for the balance is .25

[09:42] {Threei}  ugh... missed SLW

[09:43] {Threei}  pulled back perfectly close to 5

[09:43] {Threei}  DRYS needs to break .40 now

[09:43] {Threei}  or not likely to work for the balance

[09:43] {dino} t l .48

[09:44] {Threei}  out second half

[09:44] {Threei}  scalps rule still

[09:46] {magoo} oh great..cramer says today starts xmas rally

[09:46] {Geo} bby paid well

[09:46] {Geo} thanks magoo

[09:47] {ese} stopped drys....10 - .24

[09:47] {magoo} ?

[09:47] {Threei}  you took break on it geo?

[09:47] {Geo} yeah with ES

[09:47] {Geo} to help it along

[09:47] {Threei}  ese?

[09:47] {Threei}  DRYS gave 1:1 for first exit, and stop was trailed to under b/e

[09:48] {Geo} [06:33] {magoo} BBY nuts

[09:48] {ese} missed first exit vad when it spied to .50

[09:48] {Threei}  why let it go back to original stop?

[09:49] {ese} thought that naz was heading up

[09:49] {ese} thought that i would hang with it

[09:49] {Threei}  market has no idea where to go...

[09:49] {Threei}  maybe it wanted up but then Cramer came with his rally preditction {G}

[09:49] {ese} indeed........

[09:49] {dino} t stopped

[09:49] {dino} -.22

[09:49] {Threei}  and we all know ehat he does to market

[09:49] {ese} DRYS very volitile.......1/2 was ok 

[09:50] {Threei}  yeah but...

[09:50] {Threei}  there is a logic of the trade

[09:50] {Threei}  even if you missed the exit, strrop is to be trailed after 1:1 is reached

[09:51] {ese} should have followed that......

[09:51] {Threei}  sin no more, OK?

[09:52] {ese} went with original stop just to give it some room but.......ces't la vie

[09:52] {ese} OK

[09:52] {Threei}  FOMC day... jerkiness city

[09:53] {ese} $150.00 lesson....sometimes worth the price

[09:53] {dino} harvard education in the making

[09:54] {ese} ya...for someone esle

[09:54] {Threei}  lol

[09:54] {dino} :)

[09:55] {Threei}  tempting trade:

[09:55] {Threei}  LLTC

[09:55] {Threei}  .26 half lot long

[09:56] {Threei}  really needs market decisive upward move

02[09:56] * Disconnected

02[09:59] * Attempting to rejoin channel #discussions

03[09:59] * Rejoined channel #discussions

05[09:59] -Threei- [Welcome-#floor] Welcome to the RealityTrader Floor. This room is read only. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[09:59] {Threei}  dino :)

[09:59] {_elepet} good morning to you

[09:59] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:59] {ese} sorry up.25......

[09:59] {Onix} Good morning all

[09:59] {ese} onix...

[09:59] {wishbone} gm all

[09:59] {Larisa1} good morning

[09:59] {ese} wish....larisa

[09:59] {Threei}  onix, wish, larisa :)

[09:59] {wishbone} hi ese

[09:59] {Onix} hi larisa & wishbone

[09:59] {Threei}  ese... 11.50 is critical juncture for it

[09:59] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:59] {ese} yes......

[09:59] {ese} tks

[09:59] {Threei}  some minor resistance on the way,

[09:59] {Threei}  but if market helps, they won't matter much

[09:59] {ese} tks vad

[09:59] {_elepet} hello larissa

[09:59] {Threei}  elepet :)

[09:59] {peterg} morning all

[09:59] {Threei}  peter :)

[09:59] {Onix} hi peter

[09:59] {peterg} yo onix

[09:59] {Larisa1} elepet, onix :)

[09:59] {Threei}  be back in 5

[09:59] {Threei}  keep an eye on SLW

[09:59] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:59] {Threei}  and of course usual suspect... DRYS

[09:59] {magoo} ar..missed drys

[09:59] {Threei}  sharp jump out of the gate, DRYS

[09:59] {Threei}  need pullback

[09:59] {magoo} BBY nuts

[09:59] {Threei}  DRYS bounce candidate closer to 11

[09:59] {KSystems} Hello kobran

[09:59] {dino} welcome kobran

[09:59] {_kobran} GM

[09:59] {Threei}  morning kobran

[09:59] {Threei} Long Setup:  DRYS  .30 break half lot, stop under .10

[09:59] {Threei}  risky one, market is jerky

[09:59] {ese} long DRYS 1/2

[09:59] {ese} .34

[09:59] {magoo} in 

[09:59] {Threei}  look to partial out or take scalp closer to .50

[09:59] {Threei}  right here

[09:59] {Threei}  half out for me

[09:59] {ese} that daily chart show clear sailing almost to 20

[09:59] {Geo} ty

[09:59] {magoo} out .51 TY

[09:59] {magoo} got in .25

[09:59] {KSystems} half out .53

[09:59] {Threei}  stop for the balance is .25

[09:59] {Threei}  ugh... missed SLW

[09:59] {Threei}  pulled back perfectly close to 5

[09:59] {Threei}  DRYS needs to break .40 now

[09:59] {Threei}  or not likely to work for the balance

[09:59] {dino} t l .48

[09:59] {Threei}  out second half

[09:59] {Threei}  scalps rule still

[09:59] {magoo} oh great..cramer says today starts xmas rally

[09:59] {Geo} bby paid well

[09:59] {Geo} thanks magoo

[09:59] {ese} stopped drys....10 - .24

[09:59] {magoo} ?

[09:59] {Threei}  you took break on it geo?

[09:59] {Geo} yeah with ES

[09:59] {Geo} to help it along

[09:59] {Threei}  ese?

[09:59] {Threei}  DRYS gave 1:1 for first exit, and stop was trailed to under b/e

[09:59] {Geo} [06:33] {magoo} BBY nuts

[09:59] {ese} missed first exit vad when it spied to .50

[09:59] {Threei}  why let it go back to original stop?

[09:59] {ese} thought that naz was heading up

[09:59] {ese} thought that i would hang with it

[09:59] {Threei}  market has no idea where to go...

[09:59] {Threei}  maybe it wanted up but then Cramer came with his rally preditction {G}

[09:59] {ese} indeed........

[09:59] {dino} t stopped

[09:59] {dino} -.22

[09:59] {Threei}  and we all know ehat he does to market

[09:59] {ese} DRYS very volitile.......1/2 was ok 

[09:59] {Threei}  yeah but...

[09:59] {Threei}  there is a logic of the trade

[09:59] {Threei}  even if you missed the exit, strrop is to be trailed after 1:1 is reached

[09:59] {ese} should have followed that......

[09:59] {Threei}  sin no more, OK?

[09:59] {ese} went with original stop just to give it some room but.......ces't la vie

[09:59] {ese} OK

[09:59] {Threei}  FOMC day... jerkiness city

[09:59] {ese} $150.00 lesson....sometimes worth the price

[09:59] {dino} harvard education in the making

[09:59] {ese} ya...for someone esle

[09:59] {Threei}  lol

[09:59] {dino} :)

[09:59] {Threei}  tempting trade:

[09:59] {Threei}  LLTC

[09:59] {Threei}  .26 half lot long

[09:59] {KSystems} stop {.10?

[09:59] {ese} MRVL  might take off after 7 break

[09:59] {Threei}  my connection seems to be flaky guys

[10:00] {ese} OK.....agressive entry MRVL    .95

[10:00] {ese} long

[10:01] {ese} stop .85   seems to be going against market

[10:01] {ese} showing some strenght

[10:02] {Threei}  OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009

[10:02] {Threei}  - Country is not member of 12 state OPEC

[10:02] {Threei}  - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1

[10:02] {KSystems} LLTC vad, stop under .10?

[10:02] {Threei}  yes sir

[10:02] {Threei}  holding well, looks salmonish

[10:03] {KSystems} thx

[10:03] {Threei}  but still, if market fails it will follow the suit

[10:03] {ese} well lookeee here.....lets just see what happens shall we

[10:03] {ese} 7.69  next resistance for MRVL

[10:04] {ese} indeed

[10:04] {Threei}  nice one ese

[10:04] {Threei}  ok market

[10:04] {Threei}  move your butt

[10:05] {ese} stop to .95

[10:05] {ese} agressive entry agressive stop

[10:07] {ese} market not helping much

[10:08] {Threei}  I'd move LLTC stop to .15 at this point

[10:08] {Geo} heh

[10:08] {Geo} i just did that

[10:08] {Threei}  just want to control risk tighter in tis jerkiness

[10:08] {Geo} you taught well

[10:09] {cosmo} market's  like .... waiting for obama?

[10:10] {Threei}  new high MRVL

[10:10] {Threei}  for FOMC rather

[10:10] {Threei}  plus endless musings from White House... to save Detroit or not

[10:11] {_elepet} missed drys earlier. in at 11.12

[10:11] {Threei}  a bit too much chasing elepet... careful

[10:13] {Threei}  LLTC no worky

[10:18] {ese} common market just one more litle more up there to help MRvl ALONG

[10:20] {dino} hmmm, feels like opening gap fill coming

[10:23] {Threei}  what the

[10:23] {Threei}  look at VIST spread

[10:23] {Threei}  is this for real? :)

[10:23] {Threei}  this is bigger crime than knighting Alan Greenspan

[10:24] {Onix} lol

[10:24] {dino} shall we short it?

[10:29] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[10:30] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[10:30] {Threei}  {F GM}

[10:30] {Threei}  really?

[10:30] {Threei}  I swear they will make me concede the title of master of stating the obvious

[10:31] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[10:31] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[10:32] {ese} done

[10:33] {ese} broke .10

[10:33] {ese} giddy up horse....

[10:37] {dino} bby sm s .01

[10:38] {lisa_jay} qqqq @ .55

[10:38] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[10:39] {Threei}  serious haircut

[10:39] {ese} ouch.....

[10:39] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[10:41] {Threei}  6 break starts looking interesting

[10:41] {Geo} 6?

[10:44] {Threei}  watching where it bottoms out prior to break

[10:45] {Geo} i am confused

[10:45] {Geo} which stock

[10:45] {Onix} SAY

[10:45] {Threei}  SAY

[10:45] {Threei}  news above

[10:45] {Threei}  wake up geo

[10:45] {Geo} ahh

[10:45] {Geo} sorry

[10:45] {dino} bby bstop is .11, thing is stuck

06[10:46] * magoo slaps Geo around a bit with a large scalping course

06[10:46] * Threei slaps Geo around a bit with a large cap of cofee

[10:50] {dino} cov bby -.02

[10:50] {Threei}  anyone took Qs for bounce?

[10:50] {KSystems} yep

[10:50] {magoo} me .51

[10:50] {KSystems} 55 - 62

[10:50] {Threei}  :)

[10:51] {magoo} see i not sleepin

[10:51] {dino} ugh vist vad, missed it at 10.60

[10:51] {Threei}  lol dino

[10:52] {magoo} no lauhging..trying to concentrate

[10:53] {lisa_jay} Yes, but only for .08.

[10:53] {Threei}  forgive me for ruining your focus

[10:53] {lisa_jay} Went in late at .57

[10:53] {lisa_jay} Q's i mean.

02[10:54] * Disconnected

02[10:57] * Attempting to rejoin channel #discussions

03[10:57] * Rejoined channel #discussions

[10:57] {Threei}  FOMC day... jerkiness city

[10:57] {ese} $150.00 lesson....sometimes worth the price

[10:57] {dino} harvard education in the making

[10:57] {ese} ya...for someone esle

[10:57] {Threei}  lol

[10:57] {dino} :)

[10:57] {Threei}  tempting trade:

[10:57] {Threei}  LLTC

[10:57] {Threei}  .26 half lot long

[10:57] {KSystems} stop {.10?

[10:57] {ese} MRVL  might take off after 7 break

[10:57] {Threei}  my connection seems to be flaky guys

[10:57] {ese} OK.....agressive entry MRVL    .95

[10:57] {ese} long

[10:57] {ese} stop .85   seems to be going against market

[10:57] {ese} showing some strenght

[10:57] {Threei}  OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009

[10:57] {Threei}  - Country is not member of 12 state OPEC

[10:57] {Threei}  - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1

[10:57] {KSystems} LLTC vad, stop under .10?

[10:57] {Threei}  yes sir

[10:57] {Threei}  holding well, looks salmonish

[10:57] {KSystems} thx

[10:57] {ese} well lookeee here.....lets just see what happens shall we

[10:57] {Threei}  but still, if market fails it will follow the suit

[10:57] {ese} 7.69  next resistance for MRVL

[10:57] {ese} indeed

[10:57] {Threei}  nice one ese

[10:57] {Threei}  ok market

[10:57] {Threei}  move your butt

[10:57] {ese} stop to .95

[10:57] {ese} agressive entry agressive stop

[10:57] {ese} market not helping much

[10:57] {Threei}  I'd move LLTC stop to .15 at this point

[10:57] {Geo} heh

[10:57] {Geo} i just did that

[10:57] {Threei}  just want to control risk tighter in tis jerkiness

[10:57] {Geo} you taught well

[10:57] {cosmo} market's  like .... waiting for obama?

[10:57] {Threei}  new high MRVL

[10:57] {Threei}  for FOMC rather

[10:57] {Threei}  plus endless musings from White House... to save Detroit or not

[10:57] {_elepet} missed drys earlier. in at 11.12

[10:57] {Threei}  a bit too much chasing elepet... careful

[10:57] {Threei}  LLTC no worky

[10:57] {ese} common market just one more litle more up there to help MRvl ALONG

[10:57] {dino} hmmm, feels like opening gap fill coming

[10:57] {Threei}  what the

[10:57] {Threei}  look at VIST spread

[10:57] {Threei}  is this for real? :)

[10:57] {Threei}  this is bigger crime than knighting Alan Greenspan

[10:57] {Onix} lol

[10:57] {dino} shall we short it?

[10:57] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[10:57] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[10:57] {Threei}  {F GM}

[10:57] {Threei}  really?

[10:57] {Threei}  I swear they will make me concede the title of master of stating the obvious

[10:57] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[10:57] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[10:57] {ese} done

[10:57] {ese} broke .10

[10:57] {ese} giddy up horse....

[10:57] {dino} bby sm s .01

[10:57] {lisa_jay} qqqq @ .55

[10:57] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[10:57] {Threei}  serious haircut

[10:57] {ese} ouch.....

[10:57] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[10:57] {Threei}  6 break starts looking interesting

[10:57] {Geo} 6?

[10:57] {Threei}  watching where it bottoms out prior to break

[10:57] {Geo} i am confused

[10:57] {Geo} which stock

[10:57] {Onix} SAY

[10:57] {Threei}  SAY

[10:57] {Threei}  news above

[10:57] {Geo} ahh

[10:57] {Geo} sorry

[10:57] {dino} bby bstop is .11, thing is stuck

[10:57] {Threei}  wake up geo

06[10:57] * magoo slaps Geo around a bit with a large scalping course

06[10:57] * Threei slaps Geo around a bit with a large cap of cofee

[10:57] {dino} cov bby -.02

[10:57] {Threei}  anyone took Qs for bounce?

[10:57] {KSystems} yep

[10:57] {magoo} me .51

[10:57] {KSystems} 55 - 62

[10:57] {Threei}  :)

[10:57] {magoo} see i not sleepin

[10:57] {dino} ugh vist vad, missed it at 10.60

[10:57] {Threei}  lol dino

[10:57] {magoo} no lauhging..trying to concentrate

[10:57] {lisa_jay} Yes, but only for .08.

[10:57] {Threei}  forgive me for ruining your focus

[10:57] {lisa_jay} Went in late at .57

[10:57] {lisa_jay} Q's i mean.

[10:57] {Geo} you got .51 magoo? my charts wrong

[10:57] {dino} last try today l t, .19

[10:57] {magoo} yep

[10:57] {KSystems} welcome back Vad

[10:57] {magoo} was  stalking it before vad merntioned

[10:57] {KSystems} I hope you brought some beer with you, at least

[10:57] {Threei}  grrrr

[10:57] {Threei}  what's with my connection today

[10:58] {Threei}  I guess Victoria cables can't handle anything below zero

[10:58] {Geo} didnt pay your room subscription eh?

[11:01] {dino} hl l ebs .70 stop .47

[11:06] {Threei}  UAUA

[11:06] {Threei}  thing seems to be waking up today after a few days of inactivity

[11:06] {Threei}  not sure about breakout but pullback into .70-.75 is certainly interesting

[11:09] {Threei}  SAY hasn't formed reliable support so far

[11:09] {magoo} out q's .70 

[11:09] {lisa_jay} Q's battling at highs.

[11:09] {magoo} will look to reload

[11:09] {lisa_jay} nice Magoo...2 lots?

[11:10] {magoo} yes

[11:10] {magoo} 2k

[11:11] {magoo} just be careful with size..can not blow a stopo or twice as bad

[11:11] {Threei}  FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES

[11:11] {Threei}  and the rest is for?...

[11:12] {dino} parties

[11:12] {Threei}  thought so

[11:12] {Threei}  bonuses... pinyatas...martinis...

[11:13] {dino} t stop to .31

[11:14] {dino} out t, +.12

[11:15] {lisa_jay} Thanks Magoo.

[11:15] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.

[11:15] {Threei}  geo, look dcc plas

[11:15] {lisa_jay} What kind of stop would be reasonable.

[11:16] {lisa_jay} Thanks.

[11:17] {Threei}  you mean short lisa?

[11:17] {lisa_jay} Yes Vad.

[11:18] {Threei}  around .75

[11:18] {Threei}  aggressive entries meant to have tight stops

[11:19] {lisa_jay} Ok, thanks Vad.  I was starting out with .10, but a lot of times the risk:reward was very bad.

[11:19] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.

[11:20] {lisa_jay} With your idea of tight stop i can let the trade work.

[11:21] {Threei}  that's the idea of aggreassive entries

[11:21] {Threei}  since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop

[11:25] {Geo} what time fomc?

[11:25] {Threei}  2;15

[11:26] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care

[11:26] {lisa_jay} Bye Ese

[11:26] {Threei}  take care ese

02[11:29] * Disconnected

02[11:29] * Attempting to rejoin channel #discussions

03[11:29] * Rejoined channel #discussions

05[11:29] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[11:30] {Threei}  jeez

[11:30] {dino} shall we short it?

[11:30] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[11:30] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[11:30] {Threei}  {F GM}

[11:30] {Threei}  really?

[11:30] {Threei}  I swear they will make me concede the title of master of stating the obvious

[11:30] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[11:30] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[11:30] {ese} done

[11:30] {ese} broke .10

[11:30] {ese} giddy up horse....

[11:30] {dino} bby sm s .01

[11:30] {lisa_jay} qqqq @ .55

[11:30] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[11:30] {Threei}  serious haircut

[11:30] {ese} ouch.....

[11:30] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[11:30] {Threei}  6 break starts looking interesting

[11:30] {Geo} 6?

[11:30] {Threei}  watching where it bottoms out prior to break

[11:30] {Geo} i am confused

[11:30] {Geo} which stock

[11:30] {Onix} SAY

[11:30] {Threei}  SAY

[11:30] {Threei}  news above

[11:30] {Geo} ahh

[11:30] {Geo} sorry

[11:30] {dino} bby bstop is .11, thing is stuck

[11:30] {Threei}  wake up geo

06[11:30] * magoo slaps Geo around a bit with a large scalping course

06[11:30] * Threei slaps Geo around a bit with a large cap of cofee

[11:30] {dino} cov bby -.02

[11:30] {Threei}  anyone took Qs for bounce?

[11:30] {KSystems} yep

[11:30] {magoo} me .51

[11:30] {KSystems} 55 - 62

[11:30] {Threei}  :)

[11:30] {magoo} see i not sleepin

[11:30] {dino} ugh vist vad, missed it at 10.60

[11:30] {Threei}  lol dino

[11:30] {magoo} no lauhging..trying to concentrate

[11:30] {lisa_jay} Yes, but only for .08.

[11:30] {Threei}  forgive me for ruining your focus

[11:30] {lisa_jay} Went in late at .57

[11:30] {lisa_jay} Q's i mean.

[11:30] {Geo} you got .51 magoo? my charts wrong

[11:30] {dino} last try today l t, .19

[11:30] {magoo} yep

[11:30] {KSystems} welcome back Vad

[11:30] {magoo} was  stalking it before vad merntioned

[11:30] {KSystems} I hope you brought some beer with you, at least

[11:30] {Threei}  grrrr

[11:30] {Threei}  what's with my connection today

[11:30] {Geo} didnt pay your room subscription eh?

[11:30] {Threei}  I guess Victoria cables can't handle anything below zero

[11:30] {dino} hl l ebs .70 stop .47

[11:30] {Threei}  UAUA

[11:30] {Threei}  thing seems to be waking up today after a few days of inactivity

[11:30] {Threei}  not sure about breakout but pullback into .70-.75 is certainly interesting

[11:30] {Threei}  SAY hasn't formed reliable support so far

[11:30] {magoo} out q's .70 

[11:30] {lisa_jay} Q's battling at highs.

[11:30] {magoo} will look to reload

[11:30] {lisa_jay} nice Magoo...2 lots?

[11:30] {magoo} yes

[11:30] {magoo} 2k

[11:30] {magoo} just be careful with size..can not blow a stopo or twice as bad

[11:30] {Threei}  FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES

[11:30] {Threei}  and the rest is for?...

[11:30] {dino} parties

[11:30] {Threei}  thought so

[11:30] {Threei}  bonuses... pinyatas...martinis...

[11:30] {dino} t stop to .31

[11:30] {dino} out t, +.12

[11:30] {lisa_jay} Thanks Magoo.

[11:30] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.

[11:30] {Threei}  geo, look dcc plas

[11:30] {lisa_jay} What kind of stop would be reasonable.

[11:30] {lisa_jay} Thanks.

[11:30] {Threei}  you mean short lisa?

[11:30] {lisa_jay} Yes Vad.

[11:30] {Threei}  around .75

[11:30] {Threei}  aggressive entries meant to have tight stops

[11:30] {lisa_jay} Ok, thanks Vad.  I was starting out with .10, but a lot of times the risk:reward was very bad.

[11:30] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.

[11:30] {lisa_jay} With your idea of tight stop i can let the trade work.

[11:30] {Threei}  that's the idea of aggreassive entries

[11:30] {Threei}  since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop

[11:30] {Geo} what time fomc?

[11:30] {Threei}  2;15

[11:30] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care

[11:30] {lisa_jay} Bye Ese

[11:30] {Threei}  take care ese

[11:30] {peterg} hmmm

[11:30] {Geo} you know vad should really keep his emotions in check

[11:30] {peterg} good point

[11:30] {Geo} ese leaves and he kicks us all out too

[11:30] {peterg} impulse control disorder

[11:30] {patience} i didn't get dumped, why not, i feel left out

[11:30] {peterg} perfect!

[11:30] {magoo} room dump there

[11:30] {Onix} what are you in patience?

[11:30] {Threei}  this time it's not only me eh

[11:30] {patience} about 20 minute drive south of vad

[11:30] {patience} makes all the difference though doesn't it vad

[11:30] {Threei}  as in?

[11:31] {patience} i can't say it, i keep laughing

[11:31] {peterg} hey patience, vad got dumped too;

[11:31] {peterg} perhaps you are the ultimate force

[11:32] {patience} oh i know they call me something

[11:35] {lisa_jay} nice breakout on q's

[11:40] {lisa_jay} .

[11:40] {Threei}  don't see any news on GNW

[11:40] {Threei}  CNBC'S KUDLOW: SOURES HAVE TOLD HIM THAT OBAMA ECONOMIC TEAM WILL CONVENE THIS AFTERNOON AND DISCUSS A MASSIVE PURCHASE PROGRAM FOR MORTGAGES

[11:42] {Threei}  GNW hard pullback

[11:42] {Threei}  bounce candidate

[11:44] {Threei}  one more leg down most likely

[11:45] {magoo} where u thinking?

[11:45] {Threei}  3.40 - 3.50

[11:48] {Geo} in .64

[11:48] {Geo} was in befor vad made second leg comment

[11:48] {Geo} out

[11:48] {Geo} 1/2 lot

[11:49] {Threei}  wtg

[11:49] {Threei}  I am not confident in my connection enough to call exact targets

[11:50] {Threei}  couple times saw my quotes frozen

[11:50] {Geo} ES upticked so thought you had entered :)

[11:55] {dino} was booted, out t .38, +.13, out tbsi, +.11

[11:57] {lisa_jay} nice

[11:57] {dino} thx

[11:57] {dino} sm l oxy .80

[12:00] {Threei}  PRESIDENT-ELECT OBAMA: THE FED IS RUNNING OUT OF ITS "TRADITIONAL AMMUNITION," INTEREST RATES ARE GETTING TO BE ABOUT AS "LOW AS THEN CAN GO," BELIEVES FED "STILL HAS TOOLS" TO DEAL WITH THE SITUATION

[12:01] {KSystems} like what?

[12:01] {dino} not confidence inspiring

[12:01] {KSystems} magic?

[12:01] {Threei}  F Bills?

[12:01] {Threei}  ok, the following officially decrowns me as master of stating the obvious:

[12:01] {Threei}  (US) TREASURY'S MCCORMICK: SEES ENORMOUS UNCERTAINTY, 2009 GLOBAL OUTLOOK IS CHALLENGING

[12:02] {dino} where do they find these clowns?

[12:03] {Geo} harvard

06[12:04] * Threei slaps laserdave1 around a bit with a large uncertainty for 2009 global outlook

06[12:04] * magoo slaps laserdave1 around a bit with a large a big question of where ya been?

[12:06] {Threei}  come on GNW

[12:06] {Threei}  10-15 cents more down

[12:07] {Threei}  keep an eye on HIG

[12:07] {Threei}  .50 closest support

[12:09] {magoo} ok..but i only have 2 eyes

[12:09] {Threei}  let's hope stem cells progress will help

[12:10] {Threei}  where is chaeron?

[12:10] {Threei}  and dptl

[12:10] {Geo} in the fomc meeting

[12:10] {Threei}  what kind of slacking is that

[12:11] {KSystems} Geo I hope they're going to call you few minutes before announcement

[12:11] {Geo} i asked and he refused

[12:12] {Geo} said i need the superlicious subsription to vad's other room

[12:12] {KSystems} darn

[12:12] {dino} sso s .49

[12:14] {Geo} stope above high dino?

[12:15] {dino} y

[12:15] {dino} .66

[12:20] {Geo} pnw

[12:25] {Threei}  F CEO: CONSUMERS APPRECIATE HOW FORD IS "DIFFERENT" THAN OTHER DOMESTIC RIVALS, BELIEVE FORD IS IN A DIFFERENT PLACE THAN GM & CHRYSLER

[12:25] {Geo} yes its family owned

[12:25] {Threei}  my appreciation is sure there, and it goes as far as driving Nissan

[12:25] {Geo} so they dont want tarp equity dilution

[12:25] {Geo} as its leading to less dividends for family

[12:26] {Threei}  come to papa GNW

[12:26] {peterg} U in?

[12:26] {peterg} or waiting

[12:26] {Threei}  no, want it lower

[12:26] {peterg} k

[12:30] {magoo} u know what cracks me up on GNW?

[12:30] {Threei}  NOV CALIFORNIA MEDIAN HOME PRICE FELL 5% M/M, FELL 34.5% Y/Y - DATAQUICK

[12:30] {magoo} we should have shorted that decline of .25 cents

[12:30] {Threei}  yes but I found out it was shortable too late

[12:31] {Threei}  kind of this built-in assumption that cheapies are not shortable

[12:34] {Threei}  ok GNW, now sharp red bar please

[12:35] {Threei}  under .30

[12:38] {Threei}  According to Jeff Cox's Dec 11th article on CNBC's website http://www.cnbc.com/id/28158499

[12:38] {Threei}  "Some in the industry expect a new influx of day traders amid the rash of layoffs on Wall Street. Experienced traders with the proper capital position-$25,000 is required by law to start a day-trading account, and many brokerages require more-will add another element to a profession that has used the unpredictability of the stock market to its advantage."

06[12:39] * Threei nails to the door a big sign saying "day traders are welcome"

[12:39] {Geo} lol

[12:39] {dino} lol

[12:40] {Threei}  PRESIDENT BUSH: TRYING TO GET THE AUTO BAILOUT DONE IN "EXPEDITIOUS WAY," LOOKING AT ALL OPTIONS FOR AUTOMAKERS

[12:40] {Threei}  {GM F}

[12:40] {patience} before or after they have gone out of business

[12:40] {Threei}  {Automakers} Keep the options. Give us money

[12:41] {Threei}  GNW almost there

[12:41] {magoo} u going doulbe?

[12:41] {Threei}  not sure yet

[12:42] {Threei}  this bard to .28 was almost what I was looking for

[12:42] {Threei}  baar

[12:42] {Threei}  bar

[12:42] {Threei}  there, just three tries

[12:42] {Threei}  really felt a few more cents were in order

[12:42] {Threei}  ugh

[12:46] {Threei}  more than anything, I want to have Al Gore here in Victoria... shove his face in the snow saying "what's that? what's that, you bad boy?"

[12:46] {Geo} lol

[12:48] {Threei}  wow

[12:48] {Threei}  SAY

[12:48] {Threei}  doeas it have any bottom at all?

[12:57] {dino} strange, the news isn't "bad"

[12:58] {dino} sm say l .40, stop .99

[12:58] {Threei}  must be some bag of snakes we know zilch about

[12:58] {dino} maybe they are 3x the stock to aquire?

[13:00] {Threei}  over half a mil canadian jobs under threat is auto industry goes

[13:00] {Geo} wow

[13:01] {Geo} you guys have that many people?

06[13:01] * Geo whistles

[13:01] {dino} lol

[13:02] {Larisa1} vad is quiet, counting may be :)

[13:02] {Geo} this was painfill in .33 out .38

[13:02] {Threei}  not really but each coming to the factory punches the clock twice

[13:03] {Geo} they must have a lot of agression

[13:03] {Threei}  and particular hatred for the clock

[13:03] {Geo} yup also glad i am out

[13:04] {Threei}  larisa... I am not even trying to count anything above 10

[13:04] {Threei}  either I can count it with my fingers or it doesn't exist

[13:05] {Larisa1} do not forget you have legs.. 10 more.. push yourself

[13:05] {Threei}  no

[13:05] {Threei}  thought of it

[13:05] {Geo} higher low vad?

[13:05] {Threei}  but the idea of taking shoes of, then on again...

[13:06] {peterg} Could throw shoes......

[13:06] {Threei}  not sure Geo

[13:06] {Threei}  feels like anther dump is coming

[13:08] {dino} tmi vad

[13:08] {wishbone} lol

[13:08] {dino} :)

[13:12] {dino} sso bstop to .46 won't move

[13:16] {dino} cov sso .41, +.08

[13:20] {dino} geo, you cover ?

[13:20] {Geo} sorry didnt trade

[13:20] {dino} ok

[13:21] {dino} brb

[13:22] {Threei}  TREASURY'S MCCORMICK: SHOULD ENCOURAGE SOVEREIGN WEALTH FUNDS TO INVEST IN THE US - Q&A

[13:24] {Threei}  he ever said how?

[13:25] {dino} yes, w/cash

[13:25] {peterg} they coming to see you, vad

[13:25] {Geo} bonds steadily creeping higher last hour

[13:25] {Geo} not good

[13:26] {dino} rate cut coming geo, bonds up

[13:26] {Threei}  they'll be sorely disappointed peter

[13:26] {Threei}  looks is last thing I am famous for

[13:26] {dino} this may be the peak as not much cutting left

[13:26] {peterg} isn't that just like life!

[13:29] {dino} t l .15

[13:30] {lisa_jay} .

[13:36] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT 2:15PMET

[13:36] {Threei}  **consensus expectation is for a further 50bps cut to 0.50%, a record low for US rates. A few forecasters are predicting a 75bps, including BoA, ING and UBS economists. A tiny minority of economists are forecasting either a 25pbs cut or a full 100bps cut. Fed funds futures are currently pricing in an over 50% chance of a 75 bps cut today.

[13:37] {Threei}  **with the rate likely to move to a record low, and effective rate already so close to zero, alot of talk has been focused on whether the FOMC will use the statement today to discuss the means of future policy actions. While some speculate that the Fed will move directly to some language about a new quantitative directive, it seems more likely that the Fed will aknowledge the immense liquidity operations it has put in place already and leave policy outlook open ended, allowing the FOMC more time to consider how to address the next evolution of policy (more on this discussion may emerge in the minutes of today's meeting upon their release three weeks from now).

[13:52] {wishbone} ...___...

[14:00] {Threei}  starting countdown?

[14:01] {Threei}  15

[14:01] {lisa_jay} Vad, does it matter which ECN we use for Q's or is one better then the other.  Thanks.

[14:02] {Threei}  not really, as long as you have Route Out checked for all of them

[14:03] {Threei}  ISLD and ARCA are preferrable to others

[14:03] {lisa_jay} Ok, thank you.

[14:07] {Threei}  DRYS

[14:07] {Threei}  sharp drop

[14:08] {dino} out t .28, +.13

[14:09] {Onix} gj

[14:10] {Threei}  5

[14:10] {dino} ty

[14:10] {Onix} you are a very patient man dino

[14:11] {dino} lol, 39 min.

[14:12] {dino} uso green

[14:14] {Threei}  1

[14:14] {dino} 2

[14:15] {lisa_jay} 3

[14:15] {Threei}  smart a**es

[14:15] {lisa_jay} :-)

[14:15] {Threei}  (not that there is anything qrong with that)

[14:16] {Onix} the suspense is intollerable!

[14:16] {dino} up,down then close up

[14:16] {Threei}  -1

[14:16] {lisa_jay} down maybe Dino.

[14:16] {lisa_jay} for the day.

[14:17] {dino} ok, a beer

[14:17] {Geo} lol

[14:17] {lisa_jay} sure

[14:17] {dino} :)

[14:17] {magoo} big up at days end

[14:17] {magoo} 300 points

[14:17] {Geo} gs leads?

[14:17] {dino} must be a big lunch

[14:17] {Threei}  it already wears pompons geo

[14:17] {lisa_jay} lol

[14:18] {magoo} on time as usual

[14:18] {Threei}  they still argue

[14:18] {magoo} ben so dumb..prolly no cut

[14:18] {Threei}  1/2 or .5?

[14:18] {Threei}  or 50 bps?

[14:19] {dino} .50 yes

[14:19] {magoo} u think conflict if ben was loaded short here

[14:20] {dino} he's tall magoo

[14:20] {Threei}  5 min late

[14:20] {lisa_jay} news out?

[14:20] {Threei}  no

[14:21] {lisa_jay} something

[14:21] {Threei}  .75

[14:22] {Threei}  *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED)

[14:22] {Threei}  - To deploy all available tools, see rates at exceptionally low rates for some time.

[14:22] {Threei}  - Vote was unanimous, 10-0.{TLT SHY GLD SPY EUR/USD}

[14:23] {Threei}  in Qs .90

[14:24] {dino} out oxy .35, +.55

[14:24] {lisa_jay} nice

[14:24] {Threei}  out 30.01

[14:24] {Threei}  mess

[14:24] {lisa_jay} yup

[14:24] {dino} ok, time to fall

[14:31] {magoo} out here 07

[14:31] {Threei}  SLW goes nuts

[14:31] {patience} not compared to my barrick kinross and goldcorp and hgu

[14:32] {Geo} still in Qs from 95

[14:32] {dino} say stop to .28 won't move

[14:32] {Geo} half out

[14:32] {Threei}  wtg

[14:33] {Geo} looked like bull flag on one miin

[14:33] {Geo} out

[14:33] {Threei}  looked like donkey tail drawing drunken sketches to me :)

[14:33] {patience} no kidding, i love that look like a jet flying straight up

[14:33] {Geo} hmm early

[14:34] {Geo} but banked

[14:34] {dino} i guess all is right again

[14:34] {dino} ugh oxy

[14:34] {Threei}  ok, full text

[14:34] {Threei}  *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED); TO DEPLOY ALL AVAILABLE TOOLS TO PROMOTE GROWTH, PRICE STABILITY; SEE RATES AT EXCEPTIONALLY LOW LEVELS FOR SOME TIME

[14:34] {Threei}  - Overall, the outlook for economic activity has weakened further, inflationary pressures have diminished appreciably.

[14:34] {Threei}  - Labor market conditions have deteriorated.

[14:34] {Threei}  - Fed stands ready to expand purchases of agency debt and MBS.

[14:34] {Threei}  - Evaluating the benefits of purchasing longer-term Treasury securities.

[14:34] {Threei}  - Vote was unanimous, 10-0.

[14:34] {Threei}  - Discount rate also cut 75bps to 0.50%.{TLT SHY GLD SPY EUR/USD}

[14:36] {dino} stopped say-.12

[14:36] {dino} sm s sso .30

[14:39] {Threei}  SLWQ pulled back into support

[14:39] {Threei}  SLW

[14:39] {dino} stopped sso .42-.12

[14:40] {dino} rinsed

[14:45] {dino} sm s oxy .04

[14:49] {magoo} Q bounce vad?

[14:49] {Threei}  this pullback should be scalpable

[14:49] {Threei}  one more leg down

[14:49] {Threei}  half lot

[14:49] {dino} cov oxy .64, +.40

[14:49] {lisa_jay} nice Dino

[14:50] {Onix} gj dino

[14:50] {dino} ty

[14:51] {Threei}  got it mags?

[14:51] {magoo} missed 

[14:51] {magoo} went for .95

[14:51] {Threei}  .94 here

[14:51] {Threei}  out 30.07

[14:52] {Geo} in .98 out .06

[14:52] {Geo} got scared

[14:52] {Threei}  rightfully so

[14:52] {magoo} nice guys

[14:52] {Threei}  moves are erratic, take sure profit

[14:53] {patience} took my profit of +.83 on slw.to and now i've lost my read on it...i hate when that happens

[14:53] {magoo} man, i was goinna take AAPL sh 96.20

[14:53] {magoo} look

06[14:54] * dino slaps magoo around a bit with a large trout

[14:54] {dino} engage maverick

[14:55] {magoo} ill take the shot when im god damn ready..u GOT THAT?!! as magoo pushes dino on tarmack

[14:58] {dino} afam sm l .70

[14:59] {dino} wide gappy

[14:59] {magoo} my inetb quotes bad..anyone else?

[14:59] {dino} geo, bottom on tbt?

[15:04] {dino} iret blood

[15:05] {Threei}  GE CEO: ECONOMIC ENVIRONMENT IS TOUGHEST IN A GENERATION - ANALYST MEETING

[15:11] {Threei}  feels like market is going for new highs

[15:12] {Geo} spy lead

[15:12] {Threei}  here we go

[15:14] {lisa_jay} Dino I owe you a beer

[15:14] {Threei}  pullback time

[15:14] {Threei}  did I hear beer?

[15:15] {lisa_jay} For bet on market.

[15:15] {dino}  :)

[15:16] {magoo} [14:17] {magoo} big up at days end

[15:16] {magoo} [14:18] {magoo} 300 points

[15:16] {Threei}  since when 300 points is big?

[15:16] {magoo} roflol..u got me

[15:16] {Threei}  :)

[15:16] {dino} good point 3i

[15:17] {magoo} DRUYS not participating vad

[15:17] {magoo} drys

[15:17] {Threei}  [14:16] {dino} up,down then close up

[15:17] {Threei}  that was very precise read

[15:17] {Threei}  .20 seems to be too much resistance for it mags

[15:17] {magoo} i yelled it to him 

[15:17] {Threei}  but if breaks should jump

[15:18] {dino} lol

[15:25] {Threei}  IMF'S LIPSKY: US ECONOMIC GROWTH MAY RETURN BY THE END OF 2009, US ECONOMY MAY YET SEE WORSE CONDITIONS AHEAD

[15:25] {Threei}  I think he would be even more eloquent if said "may or may not"

[15:25] {Geo} we in anything?

[15:26] {dino} speaks in tongues

[15:26] {magoo} vad Q call?

[15:27] {Threei}  in deep thoughts about happiness, meaning of life aand ways to compare the beauty of the flower to power of internal combustion engine Geo

[15:27] {Threei}  not here mags

[15:27] {Threei}  it was very iffy when it broke 30.20, let alone now

[15:28] {Threei}  I still feel another upward spike is coming

[15:28] {Threei}  but finding an entry in this sharp up and down is tough task

[15:29] {patience} would you hold anything overnight vad?  asia and europe haven't participated on the news yet

[15:30] {Threei}  SLW is pulls back into 5.30 - 5.40

[15:30] {Threei}  is = if

[15:31] {Threei}  rate cut is nice, but we still have that GM/F thingy

[15:32] {patience} i'm thinking i'll cash out by 4, nobody knows nuttin as to what today actually will mean th is week with options

[15:33] {Threei}  yeah, a lot of cures by Fed and Treasury turned out not much but one day wonders lately

[15:33] {Threei}  who said thnis one will be any different

[15:34] {Threei}  and notice... oil is in red

[15:35] {dino} 3:40 spike coming imo

[15:35] {patience} i took a decent amount out of slw.to this week, its daily is over 71 rsi...i'll just scalp it.  it has had 7 up days in a row

[15:36] {patience} dino, this is where you usually say, "you're overthinking it"

[15:36] {dino} not holding anything overnight here

[15:37] {Threei}  "normal" logic would be, cut kills USD, oil's up

[15:37] {dino} no, nothing making senses, good day, protection mode

[15:37] {Threei}  yet oil is red

[15:38] {dino} oxy sm s .53

[15:38] {dino} stop is .73

[15:39] {Threei}  HIG

[15:39] {Threei}  sheesh

[15:41] {patience} out HGU.to +.78

[15:42] {dino} oxy stopped

[15:42] {lisa_jay} are these daytrades Patience or overnights?

[15:42] {patience} mixture, not more than 1 overnight though lisa

[15:43] {Onix} great job patience!

[15:43] {patience} january and february bills are now all paid....feast or famine for me, ty though

[15:43] {lisa_jay} very impressive.

[15:43] {dino} i understand

[15:44] {Onix} hgu or AGU?

[15:44] {patience} hgu

[15:44] {patience} gold etf

[15:45] {patience} horizon betapro

[15:45] {Onix} ty

[15:45] {dino} adp air pocket

[15:46] {Threei}  SLW probing dau high again and again

[15:53] {dino} out afam .10, +.40

[15:53] {Threei}  wtg

[15:53] {dino} ty

[15:53] {Onix} nice!

[15:53] {patience} lovely

[15:54] {Threei}  dino... you do realize you were just called nice and lovely, don't you

[15:55] {dino} indeed, as it should be, lol

[15:55] {Threei}  okkkaaaay... :)

06[15:56] * Threei inconspicuously moves his chair away from dino

[15:57] {dino} 3i, it's ok if a gal calls me lovely

[15:57] {dino} the problem is when you do it

[15:57] {Threei}  that would be a real problem

[15:58] {Threei}  thankfully... snowball has more chance to survive in the oven

[15:59] {patience} thankfully its the end of the day

[15:59] {Geo} ok flat

[15:59] {Geo} rimm paid well

[15:59] {Threei}  I am more likely to silently put a beer on the table

[15:59] {patience} see you tomorrow with seller's remorse no doubt

[15:59] {Threei}  ok guys and gals

[15:59] {Threei}  thank you all

[15:59] {lisa_jay} Thanks Vad.

[15:59] {wishbone} nite all

[15:59] {Threei}  have a good evening, see you tomorrow

[15:59] {Geo} not used to overnight.... thanks all

[15:59] {KSystems} well thank YOU

[16:00] {dino} ty all, good day, had fun