(function($) {



$.fn.newsScroll = function(options) {
	
	
	return this.each(function() {	
	  
		var
		 
		  $this = $(this), 
		  
		
		  defaults = {
		  	speed: 400, 
		  	delay: 3000, 
		  	list_item_height: $this.children('li').outerHeight() 
	     },
	  
		  settings = $.extend({}, defaults, options);
		 
	
	  setInterval(function() {
	  	  
	  	    $this.children('li:first')
	  	    		
	  	    		.animate({ 
	  	    			marginTop : '-' + settings.list_item_height, 
	  	    		   opacity: 'hide' }, 
	  	    		     	    		
	  	    		   settings.speed, 
	  	    		   
	  	    		  function() {
	  	    		   	
	  	    			$this.children('li:first')
	  	 				     .appendTo($this) 
	  	 					 .css('marginTop', 0) 
	  	 					 .fadeIn(300); 
  		 			  }
 	 			  ); 
 	  }, settings.delay); 
	  });
}


})(jQuery);