Thursday, April 12, 2007

Realitytrader TradeLog - April 12, 2007

[08:07] -Nesi- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[08:18] {Nesi} Gapping Up: NFI +16.3%, AMAG +14.2%, GRB +13.7%, AFFY +12.7%, PIR +8.3%, VG +8.0%, APOG +6.6%, CDWC +4.8%, MEDI +4.7%, ANF +3.0%... Gapping Down: MTG -8.8, CECE -7.0%, RIMM -6.6%, DNDN -6.4%, CEGE -4.9%, BBBY -4.1%, STEM -3.9%, RAD -2.9%.
[08:45] {_craigaudio} gm all
[08:45] {_craigaudio} MEDI hot this am
[08:55] {magoo} morning RT
[08:56] {Threei} Good morning people
[08:56] {Threei} DNDN where you wanted it magoo
[08:57] {magoo} 17 area afterhiurs last nite vad
[08:57] {magoo} look rimm
[08:58] {Threei} nice beating
[08:58] {magoo} wasn't even that bad a report
[08:59] {Threei} well, some stocks get beat just for the pleasure of beating I guess
[08:59] {magoo} earnings season may be setting up some good short opportunities
[09:00] {magoo} looking for tone of season, may be, in line or slightly off gets pounded
[09:01] {cosmo} its darkest before the dawn
[09:01] {cosmo} then all hell breaks loose
[09:02] {magoo} : )
[09:05] {Raven} Good day everyone :)
[09:06] {Threei} cosmo, raven :)
[09:06] {Raven} cosmo, 3i, magooski :)
[09:06] {cosmo} R,T,:)
[09:06] {magoo} morn raven, raining big here today...cold
[09:07] {Raven} no snow magoo ?
[09:07] {Nesi} morning all
[09:07] {Raven} hey Nesi :)
[09:07] {Nesi} DJN: PRESS RELEASE: XOMA Announces Clinical Trial Plans for XOMA 052 in Type 2 Diabetes
[09:07] {Nesi} (Dow Jones 04/12 09:07:21)
[09:07] {magoo} nah, maybe sunday, say a noreaster coming....sigh...10 inches
[09:08] {magoo} hi nes
[09:08] {Threei} he Nesi
[09:08] {Nesi} Good Morning, magoo
[09:08] {Nesi} Good Morning, Threei
[09:08] {Raven} well you're lucky so far magoo ... we got 6 inches of wet crap yest
[09:08] {Raven} 34F now and sloooolllyyy melting
[09:08] {cosmo} buffalo?
[09:09] {Raven} antelope?
[09:09] {cosmo} buffalo making a come back
[09:10] {Raven} yes ... make tasty burgers too
[09:10] {cosmo} i wouldn't know
[09:10] {Raven} vege?
[09:10] {cosmo} mostly
[09:10] {Raven} sigh
[09:10] {cosmo} birds and fish
[09:10] {cosmo} no cows, pigs or sheep
[09:10] {Raven} birds ... gasp
[09:11] {cosmo} yum
[09:11] {Raven} {-------- wearing camo
[09:11] {magoo} look at MEDI
[09:14] {magoo} rimm may be a good short opportunity today...not in...
[09:15] {dptl} good morning everyone
[09:16] {magoo} morn dp
[09:16] {Raven} hi dp
[09:16] {Nesi} Perficient Raises 1Q 2007 Rev Guidance
[09:16] {Nesi} (Dow Jones 04/12 09:15:23)
[09:16] {Nesi} PRFT
[09:16] {Threei} dp :)
[09:17] {magoo} this is retarded...credit suisse raised its target on RIMM to 100 from 75 ,...what are they smoking?
[09:17] {Threei} where is chaeron??
[09:18] {Raven} he's late these days ... slacker
[09:19] {magoo} guys, what your missing here is RIMM is 135, raise target to 100 from 75????
[09:19] {Nesi} how many did u play last night on RIMM..magoo
[09:20] {Nesi} MARKET OPEN IN 10 MIN
[09:20] {Threei} PRFT is a tough trader but gap above 23 resistance is interesting
[09:22] {dptl} Vad ,how many trades a day you usualy do....avarege?
[09:23] {Threei} anywhere from 5 to 30 depending on market activity and the side of the bed I wake up on
[09:23] {dptl} lol
[09:23] {dptl} i see
[09:24] {_boso} morn all
[09:24] {Threei} boso, you having troubles connecting under new username?
[09:24] {magoo} 500 shares short 146.08
[09:24] {magoo} covered 138
[09:24] {_boso} yes, I can't figure it out
[09:24] {_boso} I am sure it is real easy
[09:24] {Threei} if you type /login and hit enter you'll get a preompt for new username and password
[09:25] {Nesi} MARKET OPEN IN 5 MIN
[09:25] {_boso} ok
[09:25] {magoo} nes, your answerr
[09:25] {_boso} login
[09:25] {_boso} ok
[09:25] {Threei} forgot slash
[09:25] * Threei slaps magoo with something undecided yet on for indecent profit
[09:26] {lklarson} thanks vad!
[09:26] {Threei} there you go :)
[09:26] {magoo} i know vad, made my week in less than 3 minutes
[09:26] {Threei} that's the beauty of disciplined trading
[09:26] {Threei} trading gods do reward it
[09:27] {_craigaudio} lol...i totally forgot about their earnings last night
[09:27] {magoo} that was PURE unadulterated luck...although, i did feel it was going to sell off
[09:27] {Threei} just need to recognize the moment when reward comes
[09:27] {_craigaudio} wonder if it was possible to get in during the fall
[09:27] {Threei} just like in that old joke about three boats
[09:28] {magoo} absolutely craig
[09:28] {magoo} nice steady down
[09:29] {magoo} thats why i commented here earlier, determine tone of earnings season, every one is different
[09:29] {magoo} but, certain stocks like RIMM{ set tone, give us insight
[09:29] {magoo} as inn in line, slight miss is/may be hammered
[09:30] {Nesi} MARKET OPEN *DING DING DING*
[09:30] {Nesi} good trading all
[09:30] {magoo} mkts had run, maybe earnings catalyst to sell off
[09:32] {magoo} this time i mean, last earnings semi good news was bought
[09:32] {_craigaudio} LRCX
[09:32] {magoo} everything up, now may be everything down
[09:33] {Threei} Long Setup: ALTI 3.25 melting
[09:34] {Threei} stop 3.17
[09:34] {magoo} full?
[09:34] {Threei} double for me
[09:35] {Threei} thick stock, stop is tight
[09:35] {magoo} slow mover?
[09:35] {Threei} usually... can go crazy if some catalyst is around
[09:36] {Threei} GNLB?
[09:37] {Nesi} no news
[09:38] {_craigaudio} ANF?
[09:38] {Threei} Long Setup: DELL .50 trigger if stays above .35
[09:38] {Nesi} CTDC mojo
[09:44] {_craigaudio} MEDI holding with market falling. worth watching for later
[09:45] {Nesi} CTDC more mojo
[09:51] {Nesi} Futuremedia Announces Completed Sale Of Swedish Subsidiary
[09:51] {Nesi} (Dow Jones 04/12 09:50:40)
[09:51] {Nesi} FMDA
[09:51] {Nesi} 1.50 1.60 my guess
[09:53] {RomanfromRussia} CLWT
[09:53] {RomanfromRussia} loaded up
[09:55] {Nesi} IF CTDC takes 5.15, probably will aim for 5.50 or more
[09:57] {Nesi} FMDA one more push and probably in the area
[09:57] {magoo} ison and mdii disapointing this morn, as in no follow thru
[09:58] {magoo} vad, dell valid still?
[09:58] {Threei} yes
[09:58] {magoo} full lot?
[09:59] {Threei} yup
[09:59] {Threei} 15 cents stop
[09:59] {magoo} okey smokey
[10:00] {_craigaudio} medi
[10:01] {_craigaudio} missed the train
[10:01] {magoo} animal medi
[10:01] {Nesi} MDII trying
[10:01] {Threei} not my cup of tea
[10:01] {Threei} voltility is enormous
[10:01] {_craigaudio} it stopped me earlier too the rat
[10:01] {Nesi} FMDA probably aiming for 1.80 area..now...changed my feel
[10:02] {magoo} vad, u or i?
[10:02] {_craigaudio} yes i do like your very tight stops vad
[10:02] {Threei} you magoo
[10:02] {magoo} oy
[10:02] {lklarson} what is a good exit for dell
[10:02] {Threei} half out at 1:1
[10:02] {_craigaudio} someone give me a MEDI kit. i feel sic
[10:02] {magoo} a profitable one : )
[10:02] {lklarson} ok
[10:03] {Threei} and if you are scalper to the marrow of your bone... then full out :)
[10:03] {_craigaudio} youi out DELL vad?
[10:03] {Threei} not at 1:1 yet
[10:04] {Threei} {magoo} what is this 1:1 you speak so fondly about?
[10:04] {Nesi} folloing MDII all day
[10:04] {Nesi} 1.74 BIG key to aim for 2
[10:04] {magoo} what is this 1 : 1 iof which u speak so fondly of?
[10:04] {magoo} roflol as i typed vad
[10:04] {Threei} sigh®
[10:05] {magoo} hey, wheres the trademark button on my keyboard vad?
[10:05] {lklarson} out dell +.14
[10:05] {Threei} :)
[10:06] {Threei} Alt - 02222 on numeric
[10:06] {Nesi} heads up MDII
[10:06] {lklarson} alti still valid?
[10:07] {Threei} yes, only if you are willing to sit patiently
[10:07] {Threei} slow one
[10:07] {lklarson} ok, thanks
[10:07] {Nesi} heads up MDII
[10:08] {magoo} your trigger is .74 right?
[10:08] {Nesi} agressive entry earlier..but.. its playing for 2 imho..
[10:08] {Nesi} or more...just my guess
[10:08] {magoo} gotcha
[10:11] {Threei} IGLD?
[10:11] {Nesi} no news
[10:13] {Nesi} FUEL high
[10:14] {Raven} 2222
[10:14] {Nesi} oil stocks maybe in play today
[10:14] {RomanfromRussia} IDSA
[10:15] {Nesi} BDCO heads up
[10:16] {Nesi} DNDN probably 22 area today...
[10:16] {Nesi} one peso again...magoo...lets goooo
[10:16] {magoo} ok
[10:17] {Nesi} BDCO mojorola
[10:17] {magoo} double or nuttin?
[10:17] {Nesi} ok
[10:20] {Nesi} ENER strong
[10:21] {Nesi} GigaBeam Announces That United Arab Emirates and Australian 70/80 GHz Spectrum is Being Opened for Commercial Use
[10:21] {Nesi} (Business Wire 04/12 10:21:01)
[10:21] {Nesi} GGBM
[10:21] {Nesi} heads up
[10:31] {Threei} Attention: DELL 1:1, scalpers take profit, sane traders sell half and trail stop to .48
[10:31] {Threei} {Sane Traders} we don't live here
[10:32] {lklarson} sane???
[10:32] {Threei} there :)
[10:32] {magoo} which am i vad, scalper?sane trader?
[10:32] {Threei} don't make define you, it's too much responsibility :)
[10:33] {Threei} make me that was
[10:33] {magoo} oh yeah, well i staying in then...THERE
[10:35] {RomanfromRussia} long FORG
[10:42] {Nesi} 4/12/07 -- NAB2007 -- Focus Enhancements, Inc. (NASDAQ: FCSE), a worldwide leader in media management and Ultra Wideband (UWB)
[10:42] {Nesi} wireless technology, announced that it will showcase its revolutionary HD
[10:42] {Nesi} workflow, from acquisition and editing to distribution, display, and
[10:42] {Nesi} management at NAB2007.
[10:44] {RomanfromRussia} news on JASO?
[10:44] {Nesi} i dont see any
[10:48] {Threei} OK magoo
[10:48] {Threei} 10 cents more and I relieve myself of any responsibility for DELL
[10:49] {magoo} like in .80 range?
[10:49] {Nesi} ACOR high
[10:49] {Nesi} upped this morning
[10:50] {Threei} feels this way
[10:50] {Nesi} VOLC trying to take big 20
[10:53] {Nesi} DNDN day high is? please
[10:53] {Nesi} ONXX non stop
[10:53] {magoo} 19.19
[10:53] {Nesi} thx magoo
[10:54] {Nesi} Smells Like Long: VOLC
[10:55] {_craigaudio} what stop nesi?
[10:56] {Nesi} its a low vol...and may pullback a bit...my stop would be around 19.50 19.60 area
[10:56] {Nesi} ACOR loco
[11:02] {Nesi} Euro Hits $1.35 For First Time In 27 Months
[11:02] {Nesi} (Dow Jones 04/12 11:02:22)
[11:03] {RomanfromRussia} long GSIC
[11:05] {DaveG} morning
[11:05] {Nesi} Good Morning, DaveG
[11:05] {Threei} hey dave
[11:06] {Nesi} FUEL day high
[11:06] {Nesi} ACOR loco
[11:07] {Nesi} come on VOLC
[11:09] {dptl} will it take 20??
[11:09] {Nesi} feels like it to me
[11:10] {dptl} long 19.81
[11:11] {magoo} morn dave: )
[11:11] {DaveG} hey mags
[11:12] {Nesi} DNDN getting closer to day high
[11:14] {Nesi} Astrata Group To Manufacture $93M In Pdts For Singapore Co
[11:14] {Nesi} (Dow Jones 04/12 11:08:11)
[11:14] {Nesi} ATTG
[11:16] {Nesi} EIA'S CARUSO SAYS CANNOT RULE OUT US WEEKLY AVERAGE GASOLINE PRICE HITTING $3 PER GALLON THIS SUMMER - Reuters
[11:17] {Nesi} UPDATE:US Data Point To Mix Of Slower Growth,Rising Inflation
[11:17] {Nesi} (Dow Jones 04/12 11:17:04)
[11:21] {Nesi} GNVC inch by inch
[11:21] {DaveG} grow doing its thing
[11:27] {Nesi} New Patent Granted to Optelecom-NKF for Fiber Optic Remote Reading Encoder
[11:27] {Nesi} (PR Newswire 04/12 11:26:52)
[11:27] {Nesi} OPTC
[11:28] {Nesi} VG Vonage-Verizon patent trial concludes; judge rules on bond and royalty payments - Stifel (3.25 +0.25) -Update-
[11:28] {RomanfromRussia} so....buy sell short?
[11:28] {Nesi} Stifel says that In Verizon's (VZ) patent case against Vonage (VG), the District Court's proceeding concluded today with the Judge ordering VG to deposit a $66 mln dollar bond tomorrow denying VZ's motion for an additional stay bond and ordering VG to pay $5.5% of revs made in quarterly deposits during the appeal period.
[11:28] {Nesi} The judge also entered the injunction and the partial stay permitting VG to serve existing customers. VG may continue to serve new customers temporarily under last Friday's federal circuit temporary stay. The next step is for VG to pursue its request for an expanded stay with the Federal Circuit Court of Appeals. A hearing is scheduled for April 24, 2007.
[11:29] {lklarson} this blows, am I going to be without a phone now;(
[11:29] {Nesi} 4 area my guess VG,, risky
[11:30] {RomanfromRussia} buy buy buy
[11:30] {RomanfromRussia} put those orders inn.................
[11:30] {Nesi} OPTC some mojo off news
[11:32] {Nesi} OPTC low floater
[11:32] {Nesi} possible squeeze going on
[11:32] {Nesi} monster in the making..imo
[11:34] {Nesi} VG some traction
[11:37] {Nesi} PARL on radar
[11:40] {Threei} LEND, reluctant call 9.41 long
[11:40] {Nesi} gooo vad :)
[11:40] {Threei} if stays above 9.25
[11:42] {Nesi} Sirenza Microdevices Announces Production Release of a New High Linearity Amplifier IC with Patented Self-Bias Operation
[11:42] {Nesi} (Business Wire 04/12 11:42:01)
[11:42] {Nesi} SMDI
[11:42] {magoo} DNDN interesting
[11:43] {magoo} .14 turned it back hard a few ago
[11:44] {magoo} whats the read on it nes?25 he he
[11:44] {Nesi} 25.01 :)
[11:44] {Nesi} MAMA mojo
[11:46] {Nesi} fast fingers MAMA
[11:46] {magoo} in jomama
[11:48] {Nesi} DNDN gonna do it
[11:49] {Nesi} if so.. probably 19.50 fast spike
[11:53] {Nesi} USNA more blood coming
[11:56] {Nesi} VG day high , anyone..please
[11:56] {magoo} 3.45
[11:56] {Nesi} thx
[11:58] {magoo} out mama flat
[11:58] {magoo} not developing
[11:58] {Nesi} 19.25 key for DNDN....lets see
[11:58] {Nesi} USNA 43 key for a risky short
[11:58] {magoo} in on last pullback, .99
[11:59] {magoo} dndn
[11:59] {Nesi} USNA feels drilling today..
[12:00] {Nesi} RISKY guess..USNA aiming under 40
[12:01] {magoo} sheesh, how i miss USNA..i luv those shorts
[12:01] {Nesi} OOOOYYYYYY
[12:05] {Nesi} 42 gone USNA
[12:05] {Nesi} more panic ..imo
[12:05] {magoo} news?
[12:06] {Nesi} The Fraud Discovery Institute announces documented evidence that the entire Usana Health Sciences (USNA) Medical Advisory Board secretly owns large independent Usana multi level marketing distributorships. "The company presents their advisory board as an independent medical body of experts that have affirmed the quality and effectiveness of Usana products. But the reality is that the entire board have vested financial interests in Usana's success as multi level marketing distributorships," said Barry Minkow.
[12:06] {Threei} which means they are totally unbiasewd and very objective... right? right??
[12:06] {magoo} ty
[12:08] {Nesi} PARL
[12:08] {magoo} boy she jumps or should i say dumps
[12:14] {_craigaudio} GSIC stopped me then ran
[12:14] {RomanfromRussia} PTNR slow, going higher imo
[12:14] {RomanfromRussia} in 15.95 area
[12:16] {Nesi} 41 soon USNA..imo...to continue lower..imo
[12:21] {Nesi} LEND near day high
[12:22] {Nesi} give me 12...lol
[12:24] {magoo} or give u death lol
[12:26] {Nesi} 41 almost there USNA
[12:26] {Nesi} then panic to go under 40
[12:26] {magoo} beauty nes
[12:27] {magoo} vad, which quote server u on today please?
[12:27] {Threei} 2
[12:27] {magoo} ty
[12:28] {_craigaudio} jesus went away for a few minutes and missed the lend exit
[12:28] {_craigaudio} not sure what to do now?
[12:28] {_craigaudio} sell it for near scratch or hold?
[12:28] {Threei} why not put order in if you leave?
[12:28] {magoo} the lord trades in this room?
[12:28] {Threei} IMO, trail stop to .34
[12:29] {Nesi} FUEL aiming for 2
[12:29] {Nesi} GOOO LEND
[12:30] {Nesi} lol
[12:33] {Nesi} USNA panic again
[12:36] {Nesi} FUEL 2.20 area my guess today
[12:37] {Threei} you got your exit this time around, craig?
[12:37] {Nesi} USNA feels now to me... aiming 35 36 area
[12:38] {_craigaudio} yes fortunately
[12:38] {magoo} OOOOOOOOOOOOOOYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
[12:39] {Nesi} what s 7 points alert...come on..magoo
[12:39] {magoo} 5 additional points? ADDITIONAL from here???
[12:39] {Nesi} lol
[12:39] {magoo} in it btw
[12:40] {Nesi} come on FUEL
[12:41] {_craigaudio} worth going long on SNDK over 43.50?
[12:41] {Nesi} me no feel for it :/
[12:42] {Threei} pretty much depends on NQ
[12:42] {magoo} sndk one tough trader imho
[12:57] {magoo} boy..i gotta say it...i luv when you hook one like USNA nes...thing of beauty
[12:58] {_craigaudio} tradestation had no shares for me to short it
[12:59] {lklarson} craig, how do you like tradestation?
[12:59] {magoo} one thing i gotta say he he (again)..laser has alot of shorts avail
[13:00] {_craigaudio} hmm...its like a relationship. has its ups and downs
[13:00] {_craigaudio} i like using the matrix for orders
[13:00] {magoo} lots of times i short and dino can't get it thru cyber
[13:00] {_craigaudio} but at times i find it slows down when the market speeds up
[13:00] {magoo} dino couldn't sh dndn yesterday
[13:00] {_craigaudio} me neither
[13:01] {magoo} drove him nutsarolla..he is the short king
[13:01] {lklarson} right, and how about commissions
[13:01] {_craigaudio} its ok
[13:01] {_craigaudio} depends on the number of shares
[13:01] {_craigaudio} $1 for 100 shares
[13:01] {Nesi} VOLC
[13:01] {lklarson} right, it is a bit expensive for larger orders over 1000
[13:02] {_craigaudio} $8 for 1000shares
[13:02] {lklarson} what about 2000 and over
[13:02] {_craigaudio} ive never traded that amount so i havent loked into it
[13:03] {Threei} 8 for one side? or roundtrip?
[13:03] {_craigaudio} what do you use?
[13:03] {lklarson} ok, thanks for opinion craig
[13:03] {_craigaudio} 1 way
[13:03] {Nesi} oh man...crai
[13:03] {Threei} a bit too much...
[13:03] {lklarson} just changed to tradestation
[13:03] {_craigaudio} what do you guys use and how much?
[13:03] {magoo} vad, i pay 8 one way per thousand
[13:04] {magoo} and iut is expensive
[13:04] {Threei} if you remove liquidity
[13:04] {magoo} retail here
[13:04] {_craigaudio} im so used to using the matrix now rather than an order bar
[13:04] {Threei} if you add it, will be less than 5
[13:04] {magoo} for me?
[13:04] {Threei} of course
[13:04] {Threei} ECN pass-through, remember?
[13:05] {magoo} so if i want in, i buy offer?
[13:05] {Threei} that's when you pay ECN
[13:05] {Threei} if you bid or offer, you get paid by ECN
[13:05] {magoo} give example please
[13:05] {Threei} look at MPET
[13:05] {Threei} 1.49 x 1.5
[13:06] {magoo} ok
[13:06] {Threei} hit 1.5 takming someone's order - you remove liquidity, you pay ECN fee which is on top of your basic $5 for 1000
[13:06] {magoo} go on
[13:07] {Threei} bid 1.491 and get hgit - you add liquidity and ECN pays you, reducing your cost down from $5 for 1000
[13:07] {_craigaudio} the TS fees include ECN fees on the commissions
[13:08] {Threei} there you go craig - you simply pay those ECN fees no matter what side you are on
[13:08] {Threei} even if you add liquidity
[13:08] {Threei} which is double earnings for your broker - from ECN and from you
[13:08] {Threei} with Genesis, ECN fee gets passed through to you
[13:08] {_craigaudio} yes. i was a newbie then.
[13:08] {magoo} thanx vad: )learn something everyday in this game
[13:08] {Threei} you either pay it or you get paid, depending on the side of liquidity
[13:09] {_craigaudio} and you need to have a certain despoit amount in TS to use the charts so thought just use them as brokers as well
[13:09] {magoo} now vad, how i print this little tid bit right here?seriously
[13:09] {Threei} guess what magoo... it all is posted at our website {G}
[13:09] {Threei} if you only paid attention sometimes, lol
[13:10] {Threei} copy by highlighting the text, p[aste inbto text editor
[13:10] {magoo} i lie to keep it simple
[13:11] {magoo} sheesh...like not lie...and that sounds terrible
[13:11] {_craigaudio} so by buying shares below the ask you incurr an extra ecn charge?
[13:11] {Threei} if you bid and get hit, you get paid
[13:12] {Threei} if you take someone's offer out, you pay
[13:12] {_craigaudio} ok. i get it
[13:18] {lklarson} what really sucks about TS is that you can't download your daily trades in OFX format
[13:18] {Threei} I will have to ask... what's OFX format? :)
[13:19] {lklarson} it allows me to dowload daily trades into msn money or quicken
[13:19] {_craigaudio} what do you think of TS as a broker and charting tool lKLarson
[13:19] {_craigaudio} ?
[13:19] {Threei} Laser has some csv format for trades report
[13:20] {Threei} not sure what it is
[13:21] {Threei} just as magoo, I keep it very simple...
[13:23] {lklarson} well, I do not think my opinion means much since I am not a very experinced trader and my former broker was ameritrade, but so far my experience has been ok.
[13:25] {_craigaudio} for now it works for me. i like the charts and capabilities, i like the matrix for orders. i soon found it wasnt the best broker and will eventually move to another in time and keep it for charts
[13:26] {Threei} why do you need redundancy in charts if another broker ofers full package?
[13:26] {lklarson} yes, I just started using "the matrix" and loce it.
[13:27] {Threei} GGBM
[13:29] {_craigaudio} are you in sell mode Vad?
[13:29] {Threei} ?
[13:29] {Nesi} USNA giving a good fight to take 40
[13:37] {magoo} in it btw
[13:37] {Nesi} come on FUEL
[13:37] {_craigaudio} worth going long on SNDK over 43.50?
[13:37] {Nesi} me no feel for it :/
[13:37] {Threei} pretty much depends on NQ
[13:37] {magoo} sndk one tough trader imho
[13:37] {magoo} boy..i gotta say it...i luv when you hook one like USNA nes...thing of beauty
[13:37] {_craigaudio} tradestation had no shares for me to short it
[13:37] {lklarson} craig, how do you like tradestation?
[13:37] {magoo} one thing i gotta say he he (again)..laser has alot of shorts avail
[13:37] {_craigaudio} hmm...its like a relationship. has its ups and downs
[13:37] {_craigaudio} i like using the matrix for orders
[13:37] {magoo} lots of times i short and dino can't get it thru cyber
[13:37] {_craigaudio} but at times i find it slows down when the market speeds up
[13:37] {magoo} dino couldn't sh dndn yesterday
[13:37] {_craigaudio} me neither
[13:37] {magoo} drove him nutsarolla..he is the short king
[13:37] {lklarson} right, and how about commissions
[13:37] {_craigaudio} its ok
[13:37] {_craigaudio} depends on the number of shares
[13:37] {_craigaudio} $1 for 100 shares
[13:37] {Nesi} VOLC
[13:37] {lklarson} right, it is a bit expensive for larger orders over 1000
[13:37] {_craigaudio} $8 for 1000shares
[13:37] {lklarson} what about 2000 and over
[13:37] {_craigaudio} ive never traded that amount so i havent loked into it
[13:37] {Threei} 8 for one side? or roundtrip?
[13:37] {_craigaudio} what do you use?
[13:37] {lklarson} ok, thanks for opinion craig
[13:37] {_craigaudio} 1 way
[13:37] {Nesi} oh man...crai
[13:37] {Threei} a bit too much...
[13:37] {lklarson} just changed to tradestation
[13:37] {_craigaudio} what do you guys use and how much?
[13:37] {magoo} vad, i pay 8 one way per thousand
[13:37] {magoo} and iut is expensive
[13:37] {Threei} if you remove liquidity
[13:37] {magoo} retail here
[13:37] {_craigaudio} im so used to using the matrix now rather than an order bar
[13:37] {Threei} if you add it, will be less than 5
[13:37] {magoo} for me?
[13:37] {Threei} of course
[13:37] {Threei} ECN pass-through, remember?
[13:37] {magoo} so if i want in, i buy offer?
[13:37] {Threei} that's when you pay ECN
[13:37] {Threei} if you bid or offer, you get paid by ECN
[13:37] {magoo} give example please
[13:37] {Threei} look at MPET
[13:37] {Threei} 1.49 x 1.5
[13:37] {magoo} ok
[13:37] {Threei} hit 1.5 takming someone's order - you remove liquidity, you pay ECN fee which is on top of your basic $5 for 1000
[13:37] {magoo} go on
[13:37] {Threei} bid 1.491 and get hgit - you add liquidity and ECN pays you, reducing your cost down from $5 for 1000
[13:37] {_craigaudio} the TS fees include ECN fees on the commissions
[13:37] {Threei} there you go craig - you simply pay those ECN fees no matter what side you are on
[13:37] {Threei} even if you add liquidity
[13:37] {Threei} which is double earnings for your broker - from ECN and from you
[13:37] {Threei} with Genesis, ECN fee gets passed through to you
[13:37] {_craigaudio} yes. i was a newbie then.
[13:37] {magoo} thanx vad: )learn something everyday in this game
[13:37] {Threei} you either pay it or you get paid, depending on the side of liquidity
[13:37] {_craigaudio} and you need to have a certain despoit amount in TS to use the charts so thought just use them as brokers as well
[13:37] {magoo} now vad, how i print this little tid bit right here?seriously
[13:37] {Threei} guess what magoo... it all is posted at our website {G}
[13:37] {Threei} if you only paid attention sometimes, lol
[13:37] {Threei} copy by highlighting the text, p[aste inbto text editor
[13:37] {magoo} i lie to keep it simple
[13:37] {magoo} sheesh...like not lie...and that sounds terrible
[13:37] {_craigaudio} so by buying shares below the ask you incurr an extra ecn charge?
[13:37] {Threei} if you bid and get hit, you get paid
[13:37] {Threei} if you take someone's offer out, you pay
[13:37] {_craigaudio} ok. i get it
[13:37] {lklarson} what really sucks about TS is that you can't download your daily trades in OFX format
[13:37] {Threei} I will have to ask... what's OFX format? :)
[13:37] {lklarson} it allows me to dowload daily trades into msn money or quicken
[13:37] {_craigaudio} what do you think of TS as a broker and charting tool lKLarson
[13:37] {_craigaudio} ?
[13:37] {Threei} Laser has some csv format for trades report
[13:37] {Threei} not sure what it is
[13:37] {Threei} just as magoo, I keep it very simple...
[13:37] {lklarson} well, I do not think my opinion means much since I am not a very experinced trader and my former broker was ameritrade, but so far my experience has been ok.
[13:37] {_craigaudio} for now it works for me. i like the charts and capabilities, i like the matrix for orders. i soon found it wasnt the best broker and will eventually move to another in time and keep it for charts
[13:37] {Threei} why do you need redundancy in charts if another broker ofers full package?
[13:37] {lklarson} yes, I just started using ""the matrix"" and loce it.
[13:37] {Threei} GGBM
[13:37] {_craigaudio} are you in sell mode Vad?
[13:37] {Threei} ?
[13:37] {Nesi} USNA giving a good fight to take 40
[13:37] {_craigaudio} dont you guys have an association with a charting package and broker?
[13:37] {Threei} we do
[13:37] {Threei} http://www.gndt.com/realityTrader
[13:37] {Threei} http://www.realitytrader.com/3d.html
[13:37] {_craigaudio} i think your subconciously trying to get me to signup to it
[13:37] {_craigaudio} ill check it out
[13:37] {Threei} I don't
[13:37] {Threei} neither consciously or sub so
[13:37] {_craigaudio} im playing with you vad.
[13:37] {_craigaudio} thanks for pointing out the commissions thing though. id thought about it in the past but hadnt actioned on anything or done any further reserach
[13:37] {_craigaudio} THQI?
[13:37] {_craigaudio} bull flag on dailys and breaking over prior highs
[13:38] {Chaeron} .
[13:38] {Threei} by . you mean FRPT?
[13:38] {Chaeron} that's it... no free vodka for you
[13:39] {Threei} oops
[13:39] {lklarson} ggbm exit?
[13:40] {Threei} what price are you in?
[13:40] {lklarson} .51
[13:41] {Threei} I'd try to offer .65
[13:41] {Threei} hidden
[13:41] {lklarson} ok, thanks
[13:41] {Threei} or reserve
[13:45] {RomanfromRussia} CSIQ
[13:45] {RomanfromRussia} on radar
[13:46] {Nesi} EPIX
[13:47] {RomanfromRussia} GNLB on briefing
[13:47] {RomanfromRussia} GNLB Small Cap Profile: Genelabs Technologies -- positive recent company developments and a bullish technical outlook (2.31 +0.21)
[13:52] {RomanfromRussia} ACEL nice
[13:52] {RomanfromRussia} Nesi type
[13:53] {RomanfromRussia} took sume 2.27 area
[13:55] {Nesi} kind like FUEL better , roman
[13:57] {_craigaudio} MNST
[14:00] {Nesi} Adams: US Econ Performing Well; Inflation Seems Contained
[14:00] {Nesi} (Dow Jones 04/12 14:00:13)
[14:12] {Threei} iklarson, is it you at .65 on INCA?
[14:13] {lklarson} no i'm out
[14:13] {Threei} OK... was wondering why show full lot
[14:13] {Threei} not the way to go on a thin stock
[14:14] {lklarson} i have it set to only show 100
[14:14] {Threei} :)
[14:15] {Nesi} FMDA took wall 1.50
[14:15] {lklarson} according to your instructions vad:)
[14:16] {Threei} kewl :)
[14:18] {magoo} dndn
[14:21] {magoo} new high
[14:23] {magoo} gggggggggooooooooooooooooooooooo
[14:47] {magoo} no power
[14:50] {magoo} hello?
[14:50] {Threei} shhhh
[14:51] {dptl} you guys just woke me up with all that raket
[14:51] {Threei} no kidding
[14:51] {Threei} GNVC trying slowly
[14:51] {Threei} welcome aboard, dieter
[14:52] {dieter} Thanks
[14:56] {_craigaudio} why oh why didnt i jump on MNST when i posted it
[14:56] {Nesi} P2X7 Biomarker Identifies Cancerous and Pre-Cancerous Tissues
[14:56] {Nesi} (Business Wire 04/12 14:55:04)
[14:56] {Nesi} CYCR
[14:56] {Nesi} otc
[15:00] {Nesi} WELCOME TO THE LAST HOUR OF TRADING
[15:06] {dptl} Would everyone mind if I asked how many trades each of you did today??
[15:06] {Threei} 12
[15:06] {dptl} is that round?
[15:06] {Threei} sure
[15:07] {RomanfromRussia} 85
[15:07] {dptl} thx
[15:08] {Threei} {Roman's Broker} I am in love
[15:08] {Threei} {Threei's Broker} you slacker, get to work, will ya?
[15:08] {RomanfromRussia} yeah, more than 1k/day in comissions
[15:09] {magoo} 9 for me today ..
[15:09] {Threei} {magoo's broker} you know I have kids to feed, right?
[15:09] {dptl} lol
[15:09] {mangahas} 2for but come up mt
[15:13] {mangahas} newbie
[15:13] {Nesi} DJ Youbet.com Gets Approval For Stk Repurchase
[15:13] {Nesi} (Dow Jones 04/12 15:13:11)
[15:13] {Nesi} UBET
[15:13] {Nesi} i am late
[15:13] {magoo} u owe me another peso on dndn nes...magoo gots that one dialed in
[15:13] {Nesi} aghhhh
[15:14] {magoo} thats 2
[15:14] {Nesi} ACOR feels printing 24 or more..RISKY
[15:14] {Nesi} UBET feels 3.54 soon
[15:14] {Nesi} Argon ST Gets Pact With Max Value $3.3M }STST
[15:14] {Nesi} (Dow Jones 04/12 15:14:25)
[15:18] {magoo} back in 10 min
[15:19] {Nesi} 24.20 24.40 next print ACOR..imo
[15:19] {Nesi} RISKY
[15:20] {Nesi} UBET working it
[15:24] {Nesi} i like FUEL as a swing play..fwiw
[15:25] {Nesi} IF ACOR goes near 24.20 24.30... my guess...it will probably aim near 25
[15:25] {Nesi} RISKY
[15:26] {Threei} ugh, forgot to ask... magoo, sold DELL as it spiked into .80?
[15:26] {Threei} that was 1;2
[15:30] {Nesi} ACOR in the area soon...imo
[15:32] {Nesi} come on FUEL
[15:33] {dptl} stop on ACOR?
[15:33] {magoo} back'
[15:33] {Nesi} 23.80 area... RISKY one..it jumps
[15:34] {magoo} yes vad
[15:34] {magoo} .70 exit
[15:34] {Threei} k
[15:37] {magoo} sh dnsdn .15
[15:38] {magoo} just now
[15:41] {magoo} stopped
[15:41] {magoo} .12
[15:43] {dptl} still think ACOR is good?
[15:43] {Nesi} CONNECTICUT ATTORNEY GENERAL SAYS INVESTIGATING STUDENT LOAN INDUSTRY - Reuters
[15:43] {Nesi}
[15:43] {Nesi} you in....dptl?
[15:43] {dptl} yup
[15:44] {Nesi} where at
[15:44] {dptl} 24.10
[15:44] {Nesi} full lot?
[15:44] {dptl} small very
[15:44] {Nesi} oh k then
[15:45] {Nesi} 23.60 23.70 i would get out
[15:45] {dptl} oky dky
[15:46] {Nesi} if goes soon above 24..u may have a chance
[15:50] {Nesi} MARKET CLOSE IN 10 MINUTES
[15:56] {_craigaudio} see you all tomorrow guys. have a good evening
[15:56] {Nesi} thanks..u too
[15:57] {Threei} wow GNVC
[15:58] {Nesi} MARKET CLOSE IN 2 MINUTES
[15:59] {magoo} thanx vad, nes and everybody xcept raven
[15:59] {Nesi} :)
[15:59] {lklarson} thanks all
[16:00] {Nesi} MARKET CLOSE *DING DING DING*
[16:00] {dptl} good night everyone thx...
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow