Monday, June 11, 2007

Realitytrader TradeLog - June 11, 2007

Session Start: Mon Jun 11 00:00:00 2007

Session Time: Mon Jun 11 00:00:00 2007

[05:27] {DaveG} morning
[05:35] {craigaudio} gm guys
[05:35] {craigaudio} who said not to swing aapl? what a hot stock
[05:44] {cosmo} GERN
[05:45] {DaveG} FORD may be one to watch next few days, interesting activity fri late
[05:56] {Roman} GERN Geron says research indicates its embryonic stem cell-based therapeutic for spinal cord injury evades direct attack by the human immune system (8.67 )
[05:59] {Threei} Good morning!
[05:59] {Threei} GERN goes for yet another portion of disappointed buyers eh?
[06:04] {craigaudio} gm vad
[06:04] {Threei} hey craig
[06:09] {DaveG} METH may also be one to watch, they report earnings sometime this week, and it's nearing its high
[06:09] {lklarson} morn all
[06:09] {Threei} lkl :)
[06:10] {dptl} good morning all
[06:10] {Threei} dp :)
[06:13] {Raven} Morning :)
[06:14] {Threei} R :)
[06:14] {Raven} 3i :)
[06:15] {DaveG} morning Raven
[06:15] {DaveG} morning Vad
[06:15] {esemde} morning RT's
[06:16] {Raven} hi Dave and esemde :)
[06:16] {esemde} morning Raven
[06:17] {Threei} dave, es :)
[06:20] {esemde} market wisdom says there should be a follow through from friday to monday morning
[06:20] {esemde} was a good day friday
[06:20] {Threei} so far NQ - 3
[06:21] {esemde} so much for market wisdom...
[06:21] {Threei} doesn't mean we are in for a red day of course... we saw many days lately that started red and ended nicely in the black
[06:24] {DaveG} FORD near premarket hi
[06:24] {dino} gm all
[06:24] {Threei} dino :)
[06:24] {Threei} FORD had news on Fri?
[06:24] {esemde} dino...
[06:24] {DaveG} no news on Ford
[06:24] {DaveG} just activity
[06:25] {dino} mdvn, alzheimers' drug
[06:25] {dino} phase "II
[06:25] {Threei} daily looked like it was going to the basement until this move
[06:25] {Raven} morn dino
[06:25] {DaveG} yeah, pretty ugly daily
[06:26] {Threei} it's above the resistance now, and 4 is gao close level
[06:28] {Threei} MDVN hard to tell so far... can crash big, can continue to go... I personally would be betting on crash but let's see how it trades first
[06:32] {Threei} FDR short .85, stop above .90
[06:32] {Threei} FDRY
[06:33] {Threei} let this buying show the exact high for a stop
[06:34] {Threei} if goes above 17, invalidated
[06:34] {craigaudio} but the entry still valid?
[06:34] {craigaudio} ok
[06:35] {Threei} 17 holding so far
[06:35] {Threei} triggered
[06:37] {Threei} 1:1
[06:37] {Threei} I am out, I am on a scalping side today
[06:37] {_rob2007} thx 3i
[06:38] {Threei} welcome
[06:38] {Threei} aggressive entry would be very nice r/r wise but where to find the courage for aggressive entry on Monday morning
[06:39] {Threei} TASR?
[06:40] {Roman} just some short covering IMO
[06:40] {Roman} don't see news yet
[06:41] {Threei} makes 52 highs
[06:41] {Threei} .50 break long with .34 stop
[06:41] {Threei} fast fingers
[06:42] {dino} mer l .97
[06:43] {Threei} under .30 invalidating TASR for now
[06:43] {Threei} make sure big offer gets hit at .50 before entering
[06:43] {Threei} if holding above .40 could be good for more than scalp
[06:43] {Threei} but it can be jumpy, so grab half around 1:1
[06:45] {Threei} FDRY can't reach its high so far while NQ rally
[06:46] {Threei} one more short entry, same setup
[06:46] {Threei} 17.01 stop
[06:46] {Threei} actually can enter if .89 is lost
[06:47] {Threei} same condition, only if not breaking 17 before triggering
[06:47] {Threei} and, if holds above .85 and breaks 17, half lot long
[06:48] {Threei} es... market wisdom works :)
[06:50] {Threei} got my short FDRY .85
[06:50] {dino} out mer .60, +.63
[06:50] {Threei} wtg
[06:50] {DaveG} nice dino
[06:51] {esemde} nrmx...
[06:51] {dino} ty
[06:51] {dino} most likely too soon, but...
[06:51] {Threei} NRMX news?
[06:51] {dino} dxpe
[06:54] {Threei} BCSI dino
[06:54] {Threei} maybe your style
[06:56] {dino} yeah, let me take a look
[06:56] {esemde} NRMX) 5.75 : Co announces it will present today an update on it's investigational product candidate for the treatment of Alzheimer's disease
[06:57] {Threei} unless they forget to appear fort presentation
[06:58] {dino} nrmx, realmoney, delayed results today, needs time to make adjustments?
[06:58] {esemde} ha ha ha ha ........good one!!!
[06:59] {Threei} we already had one alzheimer stock, NYMX, that would reguralry forget to move up on its announcements
[06:59] {dino} bcsi, dk, feels one more spike
[07:00] {esemde} Cool...when i signed up for the chat site didn't realize i was getting the added extra bonus of a comedy act as well
[07:01] {esemde} your hot today Vad....
[07:01] {Threei} didn't I give advance warniong about questionable humor?
[07:01] {Threei} I usually do
[07:02] {DaveG} shouldn't have to
[07:02] {DaveG} it's a given
[07:03] {DaveG} :)
[07:03] {dino} egg on my face, bcsi drops\
[07:03] {Threei} lol dave
[07:03] {DaveG} :)
[07:04] {Threei} intending to cover half FDRY this time around 1:1
[07:05] {lklarson} out FDRY 1:1 thx vad
[07:06] {Threei} welcome
[07:06] {Threei} you got it higher than I did?
[07:06] {lklarson} yes .91
[07:06] {Threei} cool
[07:07] {dino} kmgb
[07:08] {dino} be s .32, stop hod
[07:11] {Threei} SYNA, half lot .32 long if stays above .20
[07:13] {Threei} 1:1 FDRY for me, covered half
[07:13] {Threei} stop to .96 for the balance
[07:15] {craigaudio} not too hot on longs at the moment
[07:15] {Threei} nope
[07:18] {craigaudio} would like to see what kind of range we get in the futures
[07:24] {dino} kmgb s .50, hl
[07:24] {Threei} need FDRY to lose .65 to trail the stop
[07:24] {Threei} good boy
[07:24] {Threei} stop to b/e
[07:25] {_sirzuke} tasr on some news...?
[07:25] {Roman} TASR TASER: Sarkozy's political party gains could help TASER rollout - Merriman (11.16 +0.26) -Update-
[07:25] {Threei} lol
[07:26] {Threei} if TASR starts putting out announcements every time right wing party gains popularity somewhere in the world, it will become permanent short
[07:26] {dino} ilmn s hl .49
[07:31] {dino} kmgb bstop is .86 fwiw
[07:33] {dino} cov ilmn .02, +.47
[07:33] {craigaudio} nice short. im out too
[07:33] {lklarson} out kmbg +.41 thx dino
[07:33] {dino} gj craig
[07:34] {craigaudio} prob has some more left in it too
[07:34] {craigaudio} if loses 37
[07:34] {dino} be not moving, tighten bstop to .36
[07:35] {dino} glad i got rid of mer
[07:35] {dino} think it's going to be a scalpers summer
[07:36] {dino} here it goes craig, i'm not in
[07:37] {dino} kmgb stopped blew thru .92, -.42 hl
[07:38] {Threei} - or +?
[07:39] {Threei} oh, I got it... sorry
[07:39] {dino} mer l .48
[07:40] {dino} fcsx spike
[07:41] {_sirzuke} what is the stop on mer?
[07:42] {dino} be stopped -.04
[07:43] {dino} lod sir
[07:43] {Roman} TASR
[07:47] {dino} risky, hl s fcsx .44
[07:48] {dino} it will work now, because partil fill
[07:49] {_sirzuke} what does hl s mean?
[07:50] {dptl} half lot short
[07:50] {_sirzuke} got it
[07:51] {dino} hl = 500 shares for me, s= short, l=long, hod = low of day, hod=hi of day
[07:52] {dino} fcsx hl filled now
[07:52] {_sirzuke} thanks
[07:53] {dino} problem; :)
[07:54] {DaveG} no mags?
[07:54] {Threei} is he OK, dino?
[07:54] {dino} i just called, he's on his way
[07:55] {Threei} OK... I thought computer troubles again, he gets plagued by those often
[07:56] {dino} if he would just update
[07:58] {Threei} TASR tries for break
[08:02] {dino} out mer .73, +.25
[08:04] {dino} fcsx not working, stopping out
[08:04] {Threei} .73 TASR, half lot long
[08:04] {Threei} .59 stop
[08:08] * Threei is kicking TASR in the rear withheavy duty army boots
[08:11] {Threei} stop to .65
[08:14] {Threei} out
[08:14] {_sirzuke} I should have sold at .80
[08:15] {_sirzuke} when I try to hold out for more money I seem to always lose
[08:15] {dino} we all do
[08:15] {Threei} make the corrections according to your trading preferences, risk tolerance and objectives
[08:16] {_sirzuke} I thought scalping was like getting about 10 cents
[08:16] {_sirzuke} or $100 per lot
[08:16] {Threei} any call is general guidelines, they can't be "to the letter" for all traders
[08:16] {dino} for me, getting $100 bucks, all depends on size
[08:16] {_sirzuke} not bad if can do severl times a day
[08:16] {Threei} no, that is a misconception
[08:17] {Threei} we talked about it last week, didn't we
[08:17] {Threei} I gave you links to articles about scalping
[08:17] {_sirzuke} Yeah...but I made all my profits on trades that lasted less than one minute
[08:18] {_sirzuke} thanks
[08:18] {Threei} look at it this way
[08:18] {Threei} just as calls,
[08:18] {Threei} those articles give you general guidlines as well
[08:18] {Threei} nothing in trading is absolute
[08:19] {_sirzuke} right
[08:19] {Threei} because trading is not exact science,
[08:19] {Threei} it's a mix of science and art
[08:19] {Threei} and there are no absolutes in art
[08:19] {_sirzuke} true
[08:19] {Threei} otherwise anyone could learn them and become Da Vinci
[08:20] {Threei} art implies that you put your personality in what you do
[08:20] {Threei} and the result of your activity become reflection of your personality
[08:20] {Threei} so, read that and see how it applies to you
[08:20] {_sirzuke} right...i've been watching NBC's Deal or No Deal...and learned to take the money when you have the chance
[08:21] {dino} i must be one grim guy
[08:21] {Threei} well... one thing is for sure in that game:
[08:21] {Threei} even in such tight limits of decision making, player's personality impact his result greatly,
[08:21] {Threei} you can track it if you watch the game long enough,
[08:22] {Threei} players with feeling of entitlement,
[08:22] {_sirzuke} yep
[08:22] {Threei} those that put their ego ahead of cold calculations
[08:22] {Threei} really get hit hard
[08:22] {Threei} Imagine the impact of one's personality in much more flexible game
[08:22] {Threei} which is trading
[08:25] {Roman} JASO nice reversal
[08:27] {Roman} AAPL long setup small shares
[08:27] {Roman} in 124.60 small
[08:27] {Roman} stop under 124.30
[08:28] {esemde} have a great day everyone...
[08:28] {_sirzuke} what is small shares?
[08:29] {_rob2007} nrmx
[08:29] {Roman} 300
[08:30] {Roman} JASO rocking
[08:31] {Roman} looking for SOLF to follow JASO
[08:35] {Roman} futures stalled?
[08:35] {Roman} stopped AAPL
[08:35] {DaveG} yeah
[08:35] {craigaudio} which are you watching?
[08:35] {Threei} NQ
[08:36] {dino} bcsi hl s .70, stop hod
[08:36] * Threei slaps LaserDave around a bit with a large trout
[08:37] {DaveG} nq maybe reloading
[08:37] {Threei} TSYS interesting
[08:37] {dino} bcsi stopped -.30, hl
[08:38] {dino} stocks getting whippy
[08:39] {Threei} FDRY may set up long
[08:39] {_sirzuke} my apple is still good
[08:39] {_sirzuke} stop at .28
[08:39] {Threei} 17.01 trigger if doesn't lose 16.90 anymore
[08:41] {Threei} if sets up from here, for hardcore scalpers stop 16.92
[08:41] {DaveG} "hardcore scalpers"
[08:41] {Threei} .84 for just scalpers
[08:41] {DaveG} we're missing mags :)
[08:42] {lklarson} out mer +.30 thx dino
[08:46] {dino} gj lkl
[08:46] {dino} idk dave, he only lives 5 miles away fgrom office, i suppose he's goofing off
[08:46] {Threei} finger on a trigger
[08:47] {DaveG} maybe he got lost
[08:47] {craigaudio} fDRY looking good to go
[08:48] {Threei} needs to break that 17
[08:49] {craigaudio} broken
[08:58] {Roman} JASO determinited to sqeeze
[09:03] {Threei} NOVL has news?
[09:04] {Roman} no, don't see news on it
[09:04] {Threei} ty
[09:04] {Threei} some people never look at their dcc...
[09:04] * Threei slaps LaserDave around a bit with a large trout
[09:04] * Threei slaps LaserDave around a bit with a large trout
[09:05] {Threei} craig... weren't you going to do thaat last week
[09:05] {Threei} you are welcome top help me wake up this sleeping beauty
[09:05] * DaveG slaps LaserDave around a bit with a large trout
[09:05] {craigaudio} indeed i was sorry been busy
[09:05] * craigaudio slaps LaserDave around a bit with a large trout
[09:05] {Threei} thank you
[09:05] {Threei} I start missing magoo too
[09:06] {Threei} dino, tell him slapfest has began
[09:06] {dino} he's here
[09:06] {DaveG} tell him to mapquest where he works next time
[09:07] {Threei} and doesn't help us slap laserdave?
[09:07] {Threei} he is not feeling well I suppose
[09:07] {dino} lol
[09:08] {Threei} Dave... you are in dangfer, you know that?
[09:08] {Threei} your joke is actually a good one
[09:08] {Threei} and this is not something fitting this room
[09:08] {Threei} our jokes are lame by default
[09:09] {dino} bamm
[09:09] {Threei} NQ loses steam
[09:10] {dino} wow, 12:10 already
[09:11] {DaveG} i'm always treading on that thin line vad
[09:11] {DaveG} :)
[09:15] {Threei} move FDRY stop to under 17
[09:16] {Threei} if NQ fizzles out and breakout fails, can die for the day easily
[09:16] {Threei} high was 1 cent shy of 1:1, so if you took profit there, can't blame you
[09:19] {dino} solf stoppped flat
[09:23] {dino} zoll
[09:27] {_sirzuke} cnbc sounds awesome
[09:29] {dino} teva
[09:33] {DaveG} 2 for 2 today :)
[09:33] {craigaudio} nice dave
[09:34] {craigaudio} your not a CNBC superstar for no reason
[09:35] {_sirzuke} JASO anyone?
[09:37] {Threei} good boy FDRY
[09:37] {Threei} half out for me
[09:40] {dino} gj dave
[09:40] {dino} bcsi wow
[09:44] {_sirzuke} amzn
[09:44] {_sirzuke} long at 72.04
[09:54] {DaveG} Thou Shall Not Chase
[10:00] {DaveG} i have to tell myself that from time to time :)
[10:00] {_sirzuke} how do you differ chasing from entering on an upside move?
[10:00] {Threei} spike vs consolidation
[10:00] {Threei} if you buy the break of consolidation range, it's valid
[10:01] {Threei} if you buy the the spike on a vertical move, it's chasing
[10:01] {Threei} look at FDRY 1 min for example
[10:01] {Threei} 17 break was valid buy
[10:01] {Threei} if you enter 2 min later at 17.07, it's chasing
[10:02] {_sirzuke} ok....right..but you have to be on chart almost at the exact time
[10:02] {Threei} you spot the setup in advance
[10:02] {Threei} not at the moment of move starting
[10:03] {Threei} stock consolidates for a break, you have you setup structured
[10:03] {Roman} look at AAPL go now
[10:03] {Threei} and ready to enter when it triggers
[10:03] {Roman} RIMM Research In Motion sets new high of 169.51, eyeing its two wk range top/52-wk high from last wk at 169.64 (169.51 +3.84) -Technical-
[10:04] {_sirzuke} so, entering apple now will be chasing?
[10:04] {Roman} yes
[10:04] {Roman} it isn't exactly vertical spike so
[10:05] {Roman} but the safer play would be buy on pullback, 124.80
[10:05] {Roman} i am bidding there
[10:06] {Roman} good example of chasing if u were to buy RIMM at high here
[10:09] {_sirzuke} apple going home
[10:10] {Roman} AAPL Apple WWDC update (12.38 +0.90) -Update-
[10:10] {Roman} Apple store is down. Co normally does this when they have new products coming.
[10:20] {dino} rnow spike
[10:21] {DaveG} 3 for 3 :))
[10:22] {craigaudio} what you traded today Dave?
[10:22] {DaveG} DE
[10:22] {Threei} FDRY stop to .09, next spike for exit
[10:23] {DaveG} when i get more comfortable, i'll post my trades, but for now i just can't
[10:23] {_sirzuke} why?
[10:23] {DaveG} because its the way i am :)
[10:23] {craigaudio} ok no problem
[10:24] {DaveG} :)
[10:28] {_sirzuke} is apple still a buy at .80?
[10:29] {DaveG} tell magoo he needs to plug it in first
[10:30] {dino} lol, dave buy a new chair so we can see what you trading
[10:30] {DaveG} just DE
[10:30] {dino} bustin' ya
[10:30] {DaveG} :)
[10:31] {DaveG} i seem to do better watching, being familiar with one thing
[10:42] {dino} rnow s .17
[10:45] {dino} damn partial or i'd be out
[10:59] {Roman} SIGA pop
[11:06] {dino} mnkd
[11:11] {DaveG} 4 for 4 :))
[11:14] {dino} gj, you the man
[11:16] {dino} rnow bstop to .79
[11:27] {Roman} AAPL droppping
[11:28] {_sirzuke} yeah...what to do?
[11:28] {Roman} good question
[11:28] {_sirzuke} cnbc?
[11:28] {dino} rnow stopped .80, +.37
[11:29] {Roman} i would wait for another shakeout
[11:31] {DaveG} wtg dino
[11:33] {dino} brkr
[11:34] {dino} ty dave
[12:04] {DaveG} short DE 16.68
[12:04] {DaveG} 116.68
[12:06] {DaveG} stopped
[12:09] {DaveG} the one i post i get stopped on
[12:10] {Threei} don't push dave
[12:10] {dino} unbelivable dave, sheesh
[12:10] {Threei} it's all too easy to go to the well one time too much
[12:11] {DaveG} k
[12:14] {dptl} take care everyone talk to you tomorrow
[12:14] {Threei} bye dp
[12:23] {dino} dsti
[12:27] {Threei} AVII something to watch tomorrow
[12:31] {Threei} ASIA too
[12:34] {Threei} serious breakdown AAPL
[12:39] {dino} mnkd again
[12:47] {Threei} any news INNO?
[12:50] {dino} mnkd hl s .72
[12:52] {craigaudio} bye everyone. have a good evening
[12:52] {Threei} take care craig
[12:52] {dino} cya craig
[12:55] {DaveG} later gang
[12:55] {Threei} thank you all
[12:56] {Threei} much nicer even though not too active day vs last week
[12:56] {Threei} 3 for 4
[12:56] {lklarson} have a good night all
[12:56] {Threei} have a good evening, see youi tomorrow
[12:56] {lklarson} take care vad
[12:56] {_sirzuke} thanks all
[12:59] {dino} mnkd cov .60, +.12
[13:02] {dino} gn all, thx