(function($){
	$.fn.type3_ticker = function(options){
		
		var defaults = {
			speed:5000
		};
		
		var options = $.extend(defaults, options);
		
		return this.each(function(){
			
			var obj = $(this);
			var list = obj.children();
			list.not(':first').hide();
			
			setInterval(function(){
				
				list = obj.children();
				list.not(':first').hide();
				
				var first_li = list.eq(0)
				var second_li = list.eq(1)

				first_li.fadeOut('slow',function(){
					second_li.fadeIn();
					first_li.remove().appendTo(obj);
				});
			}, options.speed)
		});
	};
})(jQuery);