Wednesday, May 30, 2007

Realitytrader TradeLog - May 30, 2007

Session Start: Wed May 30 00:00:00 2007

Session Time: Wed May 30 00:00:00 2007

[05:32] {DaveG} morning
[05:41] {craigaudio} morning all
[05:42] {craigaudio} beautiful double bottom in aapl yesterday
[06:04] {Roman} FORG Forgent reports Q3 EPS of $0.23 vs ($0.06) in yr ago period; revs $21 mln vs $2.54 mln in yr ago period (0.96 )
[06:04] {Roman} took some FORG
[06:05] {esemde} gm everyone
[06:06] {Threei} good morning RT
[06:06] {esemde} morning vad
[06:06] {Threei} esemde :)
[06:08] {Threei} market is unhappy why?
[06:08] {Threei} 'cause of China?
[06:10] {dino} gm all
[06:10] {cosmo} hmm ... mkt shanghaid it seems
[06:11] {Threei} dino, cosmo :)
[06:11] {cosmo} 3i:)
[06:11] {dino} big trouble in little china
[06:12] {Threei} lol
[06:14] {magoo} TR gninrom
[06:14] {dptl} good morning all
[06:14] {cosmo} CWTR
[06:14] {Threei} oogam, dp :)
[06:16] {magoo} roman, whats your entry on FORG if i may ask?
[06:17] {DaveG} yeah
[06:18] {DaveG} plus he actually typed the sentence correctly
[06:18] {Threei} who?
[06:19] {Roman} magoo, i took some 1.20 & 1.17
[06:19] {DaveG} thanks
[06:19] {lklarson} morn all
[06:19] {DaveG} well done :)
[06:19] {Threei} lkl :)
[06:19] {Threei} welcome to world of broken communications
[06:24] {magoo} ty roman
[06:25] {cosmo} CWTR tests pre mkt high
[06:25] {cosmo} 23.5'ish
[06:25] {Roman} Forgent received $20.0M in Intellectual Property related revenue for the third quarter of fiscal 2007 related to settlements with six cable television defendants and three related equipment and software manufacturers. The Company has reached an agreement in principal to settle with one satellite television defendant for $8.0M and expects to reach a final definitive settlement agreement in the fourth quarter of fiscal 2007. Forgent expects to generate
[06:26] {Roman} Gapping down on weak earnings/guidance: SOLF -20.5%, IBKR -5.5%, BGP -5.6%, JOYG -4.4%, FRO -3.0%... China-related stocks gapping down after 6.8% overnight sell-off in China: SNDA -5.1%, CAF -4.6%, KONG -4.4%, TSL -4.3%, XFML -4.0%, SOHU -3.9%, EFUT -3.8%, FFHL -3.7%, FMCN -3.6%, GCH -3.4%, SINA -2.2%, BIDU -1.7%, CTRP -1.3%...
[06:26] {Roman} Chinese solar stocks under pressure on combination of weakness in China and in sympathy with SOLF earnings: JASO -5.9%, CSUN -5.0%, CSIQ -4.7%...
[06:26] {Roman} Other news: IOMI -8.6% (continued pressure), TINY -6.0% (still checking), DEEP -3.6% (initiated with a Neutral at JP Morgan).
[06:27] {Roman} MGAM Multimedia Games target raised to $17 from $16 at Brean Murray - Self-tender supports current strategy (12.65 )
[06:32] {Threei} CYPB 16 break short half loy
[06:32] {Threei} lot
[06:33] {Threei} stop 16.20
[06:35] {Threei} invalidated unless goes through new consolidation closer to breakdown point
[06:38] {cosmo} OPWV firming
[06:39] {Threei} VRSN .42 long if stays above .20
[06:39] {Threei} .25 stop
[06:40] {dptl} out vrsn...+.55
[06:40] {dptl} from28.05
[06:41] {Threei} 1:1
[06:41] {Threei} 1:2
[06:41] {esemde} long OPWV .95 700shs
[06:43] {esemde} stop .87
[06:43] {dptl} vrsn ....rocket
[06:43] {Threei} 1:3 or so
[06:43] {Threei} get out IMO
[06:43] {dptl} nice
[06:44] {esemde} nice work boys
[06:44] {dino} gj
[06:45] {Threei} eeck
[06:45] {dino} deo l .15, stop .89
[06:45] {craigaudio} trust my computer to crash
[06:46] {craigaudio} gj guys
[06:51] {esemde} what do you know about OPWV vad
[06:51] {Threei} CWTR half lot long 24.10 if stays above 23.80
[06:52] {Threei} tough trader OPWV...
[06:53] {Threei} hard to say if today is its day or it just fizzles out
[06:53] {dptl} yep
[06:53] {esemde} tks
[06:56] {Threei} AAPL
[06:56] {Threei} 115, small shares long, risky as hell
[06:57] {Threei} aggresive entry as close to 114.50 as possible
[06:58] {Threei} in, stop 114.25
[06:58] {esemde} opwv out .13
[06:58] {esemde} not quite 1:1
[06:58] {craigaudio} what price did you get vad?
[06:59] {Threei} .58
[06:59] {craigaudio} thnks
[06:59] {Threei} stop .25, if works out half to sell closer to 115 and half for the ride
[07:00] {craigaudio} think its gone without me
[07:00] {craigaudio} nice trade
[07:00] {Threei} half out
[07:00] {Threei} got .95
[07:00] {magoo} nice vad
[07:01] {Threei} stop .49 for the rest
[07:01] {Threei} target is somewhere in stratosphere
[07:04] {Threei} {Adam} gimmie that AAPL
[07:04] {Threei} OK, I am out
[07:04] {Threei} .30
[07:05] {craigaudio} nice
[07:05] {Threei} +.72 or something like that
[07:05] {craigaudio} why exit now?
[07:06] {Threei} simply because with these spikes it became unreadable
[07:06] {craigaudio} k
[07:06] {Threei} it can go further up or drop hard, and in terms of my approach there is no way to tell which is more likely
[07:06] {Threei} and I trade only what I can read
[07:06] {craigaudio} y
[07:06] {DaveG} sheesh, drys
[07:08] {dino} novc
[07:10] {Threei} AAPL to 116 magoo?? :)
[07:10] {craigaudio} most sectors in the red
[07:10] {magoo} dunno. i suck today, missed bothg your caslls
[07:11] {craigaudio} the futures falling was a trap? all strong now
[07:11] {magoo} can't type either
[07:11] {dino} novc risky s .64, hl
[07:13] {Threei} I don't know why would US markets be overly concerned about China stamp tax, craig... but then again, any excuse is a good one when there is need to get things moving
[07:14] {dino} nothing matters but the tape
[07:14] {craigaudio} chinas a red herring
[07:17] {DaveG} market trying to green
[07:17] {dino} stopped
[07:17] {Roman} NOVC news
[07:18] {craigaudio} ADX pretty low though
[07:18] {Roman} not fresh
[07:18] {magoo} AWESOME
[07:19] {DaveG} good lord
[07:19] {magoo} caught novc long @ 11.90 to 165 in a second
[07:19] {dino} dick
[07:19] {magoo} so fast couldn't enter gyus
[07:19] {DaveG} lol
[07:19] {craigaudio} aapl 116
[07:19] {magoo} 11.95 to 14.93 to be exact
[07:19] {Threei} what is the news?
[07:20] {Threei} AAPL 116
[07:20] {magoo} dunno, tape reading is all
[07:20] {Threei} amazing job magoo, wtg
[07:20] {magoo} gotta be a great short, pull it up vad, 9 points in 9 seconds
[07:20] {dino} prostate cancer deal w/sgp
[07:21] {esemde} holy smokin gj magoo
[07:21] {Threei} 9 points?
[07:21] {DaveG} yup
[07:21] {Threei} 8+9 = 17
[07:22] {magoo} the stox up not me
[07:22] {magoo} high 16.75
[07:22] {magoo} when u geyt so technical boiss he he?
[07:22] {Threei} lol
[07:22] {Threei} it's craig's fault
[07:22] {magoo} sheesh
[07:23] {Threei} he keeps bombrading me with new and new indicators
[07:23] {craigaudio} what did i do? lol
[07:23] {Threei} I can't keep up discrenring what those are
[07:23] {Threei} so to compensate, I at least demonstrate that I can add
[07:23] {magoo} ironically, i had just posted that i sucked
[07:24] {Threei} humility leads to profits
[07:24] {magoo} [10:10] {magoo} dunno. i suck today, missed bothg your caslls
[07:24] {magoo} [10:10] {craigaudio} the futures falling was a trap? all strong now
[07:24] {craigaudio} shorted aapl at .95.... the stars aligned. jupitor and pluto gave intersteller readings
[07:24] {esemde} androgen-independent prostate cancer. The co will receive an upfront payment of $60 mln, inc
[07:24] {esemde} that was for NOVC
[07:25] {Threei} any bets on NOVC 20 today?
[07:25] {DaveG} no thanks
[07:25] {Threei} (not that I suggest buying it for that target)
[07:25] {Threei} but 1 rouble says, it will hit 20
[07:26] {esemde} how much is a ruble worth
[07:26] {craigaudio} covered some aapl at +.30. riding rest with BE stop
[07:26] {Threei} hmmm
[07:26] {Threei} not sure... not much I'd think :)
[07:26] {dptl} lol
[07:27] {Threei} it just has that mad look in its eyes... and foam at its mouth
[07:28] {dino} vsnt s .75
[07:29] {DaveG} you may be right vad
[07:30] {magoo} vad, lets try hiy it small then on pullback..novc
[07:32] {magoo} although everybody...thats a CRAZY idea..RISKY as trying to pry vodka bottle out of vads hand at midnight
[07:32] {dptl} cwtr....
[07:33] {magoo} NOVC
[07:33] {DaveG} lol
[07:33] {craigaudio} aapl pullback base forming?
[07:33] {Threei} AAPL seems to be following NQ today
[07:34] {Threei} magoo, if you think that's risky, try to take Roman's desert
[07:34] {lklarson} dino, what stop do you have on vsnt?
[07:34] {magoo} i promise i'll take your next trade if you promise that it will work vad
[07:34] {Threei} lol
[07:34] {dptl} lol
[07:34] {magoo} may i ask, is roman a sugar freakazoid?
[07:35] {Roman} :)
[07:35] {Threei} custard freakazoid :)
[07:35] {Roman} something like that, just love sweets
[07:35] {magoo} magoo is a choco-freak
[07:35] {Threei} see Roman.. I pay attention :)
[07:35] {Roman} :)
[07:35] {dino} lkl hl so .11
[07:35] {Threei} magoo... NOVC is valid long as long as it holds above 16
[07:36] {Threei} you know the risk
[07:36] {lklarson} ok, thx
[07:36] {dptl} you...guys i can't concentrate...lol
[07:36] {magoo} 17.35 and we get 18
[07:37] {magoo} imho...small...scary...hang on with wide stop..and blame vad, not magoo if kills u because u paying hoiim not magoo to be here
[07:37] {Threei} PHRM?
[07:37] {craigaudio} covered aapl. about 90 cents
[07:37] {Threei} wtg
[07:38] {magoo} nice craigart
[07:38] {dino} gj craig
[07:38] {DaveG} wtg craig
[07:38] {magoo} he deserves a room slap guys
[07:38] * magoo slaps craigaudio around a bit with a large trout
[07:39] {Threei} jupiter and pluto are good indicators evidently
[07:39] {craigaudio} thanks guys.
[07:39] {craigaudio} you wait til i get used to the tarot cards i paid a vendor 5k for. then ill really be smoking ;-)
[07:40] {lklarson} out vsnt +.24 thx dino
[07:40] {dino} just buy an easy button
[07:40] {lklarson} lol
[07:40] {magoo} thats what i want for nmy birthfday...easty button
[07:41] {cosmo} 3i...pluto has been reclassified....it is defunct
[07:41] {cosmo} i think
[07:41] {craigaudio} yes i heard something like that
[07:41] {dino} uranus it is
[07:41] {Threei} yeah, and to think of it: they demoted it because it was short, gassy and not too bright... I don't feel safe
[07:42] {cosmo} pluto is just one of many about the same size
[07:42] {cosmo} its a shooting gallery they say
[07:43] {cosmo} but i digress...
[07:43] {Threei} OK, if you want crazy call NOVC is long above 17 if stays above 16.50
[07:43] {Threei} SMALL SHARES, jumpy, risky, volatile etc etc
[07:44] {DaveG} no thanks
[07:44] {DaveG} but ty
[07:45] {magoo} [10:36] {magoo} 17.35 and we get 18
[07:45] {magoo} [10:36] {magoo} imho...small...scary...hang on with wide stop..and blame vad, not magoo if kills u because u paying hoiim not magoo to be here
[07:45] {magoo} [10:36] {Threei} PHRM?
[07:45] {magoo} [10:37] {craigaudio} covered aapl. about
[07:51] {dptl} Vad,how's Nesi doing?
[07:51] {Threei} no news
[07:51] {dptl} :(
[07:52] {dino} sorry to hear that vad
[07:53] {dino} vsnt bstop to .51
[07:53] {dino} make it .50
[07:55] {dino} cyber, no more novc avail
[07:55] {craigaudio} aapl forming base at 115?
[07:55] {Threei} avauilable with Laser
[07:56] {Threei} NOVC
[07:56] {Threei} superimpose its chart with NASDAQ craig
[07:57] {craigaudio} ok so if daq pivots then it has potential?
[07:57] {Threei} it will follow most likely
[07:57] {Threei} whichever way NASDAQ goes
[07:57] {craigaudio} ok
[08:03] {dino} out deo -.06
[08:04] {magoo} so the $$ question...which way is naz going vasd lol
[08:06] {dino} chip
[08:08] {magoo} novc gonna let go here?
[08:09] {Threei} probably needs some rest
[08:11] {dino} ati hl l .46
[08:15] {Threei} MVIS?
[08:16] {Threei} TASR is trying for a break again... toughie
[08:16] {Threei} maybe a little scalp at .66 with .59 stop
[08:17] {Threei} not worth more risk to me
[08:19] {dino} vsnt bstop to .42
[08:20] {dino} tasr l .70
[08:22] {Threei} 1:1 TASR
[08:22] {craigaudio} aapl break long
[08:22] {craigaudio} ?
[08:22] {Threei} I don't see any recognizable setup here on AAPL
[08:23] {craigaudio} out TASR thanks vad
[08:23] {Threei} welcome
[08:23] {Threei} 3 for 3 so far
[08:23] {Threei} unless my math is off again
[08:23] {craigaudio} yes good work. although missed the most profitable one at the start of the day
[08:24] {dino} lkl bstop on your own, spready
[08:25] {lklarson} ok, thx
[08:25] {craigaudio} nice aapl
[08:25] {Threei} see? AAPL follows NQ almost tick by tick
[08:26] {Threei} not moving on its own merits, not forming its own setups
[08:26] {Threei} TATTF again?
[08:28] {dino} ati stop to .00, vsnt bstop to .25
[08:32] {dino} out ati .16, +.70
[08:33] {DaveG} wow, wtg dino
[08:34] {dino} ty \
[08:36] {dino} vsnt bstop to .06
[08:40] {dino} blew thru bstop, ave .15, +.60
[08:41] {dino} lkl you still short it?
[08:42] {Threei} TASR :)
[08:42] {craigaudio} you still in it vad?
[08:43] {Threei} no
[08:43] {craigaudio} k
[08:43] {Threei} dino is I think
[08:43] {dino} yes tasr
[08:44] {dino} stop is .89
[08:44] {craigaudio} aapl still running back to hod
[08:46] {dino} make it .96
[08:47] {dino} out tasr .00, +.30
[08:54] {dino} hl s esea .23, stop .51
[08:56] {dptl} vrsn......gee
[09:00] {dptl} is that a nap time
[09:01] {Roman} MSFT Microsoft, Dell, and Intel join Forces to Increase Adoption of NAND-Based Flash Memory in PC Platforms (30.84 +0.05)
[09:02] {dino} esea bstop tighten to .41
[09:04] {Threei} NOVC... time for bounce soon
[09:05] {dino} chart looks like death coming
[09:07] {esemde} bit of an interesting ride Ntri on the 1 min chart
[09:08] {craigaudio} NOVC time yet?
[09:09] {Threei} not for entry here
[09:09] {dino} seems you were right
[09:09] {craigaudio} closer to .80
[09:11] {craigaudio} somebody puts in the 10200 offer in to spark a reaction on NOVC
[09:13] {DaveG} HEI running prior to earnings
[09:17] {dino} esea stopped -.18
[09:25] {craigaudio} aapl monster today
[09:26] {esemde} have a great day everyone
[09:26] {magoo} back...dino sent me on a lunch hoagie run
[09:27] {Threei} take care esemde
[09:27] {magoo} bye es
[09:27] {craigaudio} bye es
[09:29] {dptl} nvtl
[09:30] {DaveG} made my day goal
[09:30] {DaveG} :))
[09:30] {craigaudio} lots of tick spikes today
[09:35] {dino} gj dave
[09:36] {DaveG} ty sir
[09:38] {dino} alxn spike
[09:41] {dino} fstr spike
[09:42] {Threei} .50 break AAPL with stop .25 long
[09:44] {Threei} triggered
[09:44] {craigaudio} im in
[09:45] {craigaudio} are you going 1:1 vad or more?
[09:45] {Threei} half n' half
[09:45] {craigaudio} ok thnks
[09:45] {craigaudio} was thinking that
[09:47] {Threei} 1:1
[09:47] {dino} fstr hl s .64
[09:48] {craigaudio} out half aapl
[09:50] {Threei} stop to .39
[09:50] {Threei} if NQ takes 1910 and spikes, we should get 117 easy
[09:52] * Threei puts AAPL for sale ay 116.95, closes his eyes and whistles "I shall not watch, I care not"
[09:53] {DaveG} aapl is evil
[09:53] {Threei} we befriended it today
[09:53] {DaveG} you did well today
[09:53] {DaveG} but it's not for me :)
[09:54] {dino} i can't trade it either
[09:54] {Threei} me out
[09:54] {Threei} .91
[09:55] {dino} gj guys
[09:55] {dptl} nice
[09:56] {dptl} yep too crazy for mee too
[09:59] {craigaudio} my aapl stop to .80
[10:00] {craigaudio} thnks for call vad
[10:01] {Threei} welcome
[10:02] {craigaudio} all out .02
[10:05] {dino} gj
[10:08] {dino} fstr stopped .92, -.28
[10:09] {dino} rinse job
[10:25] {Threei} beauty AAPL
[10:26] {Threei} i wish i was more patient, it did feel like it had more... but target was acquired on a very volatile stock
[10:27] {magoo} u really nailed them today vad...NICE JOB
[10:27] {Threei} ty
[10:28] {dino} novc 13 70's
[10:28] {Threei} just two docs appointments left, today and tomorrow, then I am free till June 25... so trying to make up for leaving early :)
[10:28] {DaveG} hope that's going ok
[10:28] {dino} gl w/them vad
[10:28] {dino} palm action
[10:28] {Threei} it's simple Dave - the day I am not here in the morning you know it didn't work out {G}
[10:29] {DaveG} thats not funny
[10:29] {dino} spiking then
[10:29] {Threei} everything is funny under certain state of mind...
[10:30] {dino} good attitude vad
[10:30] {Threei} imagine prince Hamlet monologuing To be or not to be while his belt doesn't hold and he is trying to hold his pants while continue performing... and you will giggle despite dead serousness of Shakespear
[10:31] {DaveG} :)
[10:31] {Threei} did they have belts back then?
[10:32] {Threei} imagine him in suspenders... and tell me it's not funny
[10:37] {Threei} Dave fainted of my sacrilege
[10:37] {dptl} where is laserDave?
[10:38] {Threei} he is a slacker
[10:38] {Threei} the day I make him keep regular schedule will be assigned a national holiday
[10:38] {Threei} phone or e-mail him is something urgent
[10:38] {dptl} ok
[10:39] {Threei} is = if
[10:39] {craigaudio} wow aapl nice. need sort out this trade mgmt part
[10:39] {dino} ati hl s .48
[10:40] * Threei slaps DaveG around a bit with a large trout
[10:40] {DaveG} hey
[10:40] {Threei} se? funny
[10:40] {Threei} well... at least to me
[10:41] {DaveG} :)
[10:41] {Threei} PALM is probably bounce scalp off 16.20
[10:42] {Threei} watching
[10:43] {Threei} sheesh, it jumped while I was typing, lol
[10:44] {lklarson} type faster,lol
[10:44] {craigaudio} too late?
[10:44] {Threei} well, I was typing but you were not... got much chance to enter? :)
[10:44] {Threei} it's ascalp craig, no way I'd chase 10 cents
[10:44] {craigaudio} i had order in at .20 but pulled it
[10:46] {DaveG} thou shall not chase
[10:46] {craigaudio} correct
[10:46] {Threei} see? dave started looking for funny and finding it
[10:46] {DaveG} thou shall not covet thy neighbors wife
[10:47] {Threei} reminds me of my dentist who didn't think there could be anything funny about cleaning hard deposits
[10:47] {DaveG} :)'
[10:47] {Threei} untril I suggested to use grenade in the client's mouth for the hardest
[10:52] {Roman} PALM on CNBC
[10:55] {DaveG} Ducks play game 2 tonight
[10:59] {dino} tech problems, got booted
[10:59] {dino} hans
[11:01] {dino} missed it
[11:01] {dino} cov ati .24, +.24
[11:01] {Threei} PALM starts looking as short
[11:01] {Threei} right here with stop .41
[11:02] {craigaudio} why short vad?
[11:03] {Threei} failed to go up on CNBC appearance...lower high
[11:03] {craigaudio} ok
[11:06] {dino} vrsn s .00
[11:07] {dino} going down fast, dow
[11:11] {dino} things are jumpy around
[11:15] {magoo} "they " really took NOVC back down some
[11:26] {magoo} helo?
[11:26] {magoo} he he
[11:26] {magoo} hello?
[11:26] {magoo} sigh
[11:26] {Roman} shshshs
[11:26] {Threei} ummm... what is the customary answer to "hello"?
[11:26] {Threei} oh
[11:27] {Threei} hi magoo
[11:27] {Roman} DCHT strong
[11:28] {dino} phase iii info
[11:36] {Threei} URRE?
[11:37] {craigaudio} no cease to the buying
[11:37] {dino} vrsn stopped -.17
[11:54] {dptl} check...check
[11:55] {DaveG} still here :)
[11:55] {dptl} :)
[12:00] {Roman} AMZN
[12:00] {Roman} long small
[12:00] {Roman} 69.92
[12:02] {Roman} looking to exit AMZN
[12:03] {Roman} pos not working
[12:03] {Roman} i'll wait a bit , stop under 69.80
[12:04] {Roman} JADE strong
[12:06] {Roman} out AMZN -.03
[12:11] {Threei} AAPL looking at 118
[12:11] {Threei} ok guys, gotta leave
[12:11] {DaveG} take care vad
[12:12] {Threei} take care, see you all tomorrow
[12:12] {dptl} take Vad....thnx
[12:12] {lklarson} take care boss
[12:12] {dptl} take care.....really bad with typing
[12:13] {DaveG} just wait till magoo types dp, then you'll look like golden
[12:13] {dptl} lol
[12:27] {dptl} alright,guys.......i'll talk to you tomorow......have a good evening everyone
[12:27] {DaveG} u2
[12:28] {magoo} bye vad, dp
[12:28] * magoo slaps DaveG around a bit with a large trout
[12:28] {DaveG} i'm loved :)
[12:29] {magoo} YES U ARE
[12:36] {dino} novc s .35 risky, hl
[12:44] {dino} stopped
[12:58] {craigaudio} bye guys
[12:58] {craigaudio} see you all tomorrow
[12:58] {lklarson} bye all
[12:59] {dino} later all
[13:07] {magoo} goodnite all