Tuesday, June 26, 2007

Realitytrader TradeLog - June 26, 2007

Session Start: Tue Jun 26 00:00:00 2007

Session Time: Tue Jun 26 00:00:00 2007

[05:46] {DaveG} morning
[05:53] *** Disconnected
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[05:53] *** Rejoined channel #discussions
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[05:57] {Threei} good morning
[05:57] {Threei} monkey is at it again
[05:58] {DaveG} yup
[05:58] {DaveG} someone fed it
[05:59] {cosmo} HOKU feeding
[06:00] {DaveG} the thing is nuts
[06:00] {cosmo} DSTI
[06:00] {cosmo} .35 high
[06:02] {Threei} DSTI fooled me yesterday
[06:02] {Threei} looked so passive when what seemed to be a major news hit
[06:02] {Threei} so I decided something was wrong with it
[06:02] {cosmo} we need more day traders
[06:03] {cosmo} greedy ones
[06:03] {Threei} you mean not enough for both DSTI and HOKU on the same day? :)
[06:03] {Threei} 'cause by HOKU move, there was no lack of those, lol
[06:05] {magoo} mornink comrades
[06:05] {dino} gm all
[06:05] {Threei} magoo :)
[06:05] {DaveG} morning mags
[06:05] {Threei} dino :)'
[06:06] {dino} sticking your toungue out?, :)
[06:06] {Threei} me?
[06:06] {Threei} nah, just hitting two keys instead of one :)
[06:07] {dino} ahh, the dreaded fat finger issue
[06:07] {Threei} that's it
[06:07] {Threei} magoo, did you bring a bucket of bananas?
[06:07] {Threei} we have one hungry monkey
[06:08] {magoo} vad, i actually did bring in 2 bananas
[06:09] {Threei} lol
[06:09] {magoo} hoku have news or what?
[06:09] {Threei} not that I see
[06:11] {magoo} anyone in HOKU now??
[06:13] {cosmo} probably
[06:14] {cosmo} :)
[06:14] {magoo} in...out
[06:14] {cosmo} watching
[06:14] {cosmo} now
[06:14] {magoo} sorry fasrt took 11.99 and 12.17
[06:18] {magoo} vad , interesting here..HOKU NOT avail short today w/laser...it was yesterday
[06:18] {magoo} traders add a big short position on the run up?
[06:18] {Threei} yeah... ran out of inventory
[06:18] {Threei} I'd say, squeeze is very likely
[06:19] {magoo} thats what i was thinking
[06:19] {Threei} let's let it trade a bit and watch for that feeling of "steady frnzy"
[06:19] {magoo} gets some pos momo and look out shorts...blast off to 14
[06:19] {esemde} Good morning everyone
[06:19] {Threei} you know... relentless buying, constant pressure
[06:19] {lklarson} gm all
[06:20] {Threei} when it feels like it should top out any second, yet it keeps at it
[06:20] {Threei} ese, lkl :)
[06:20] {magoo} hoku "the monkey" 52 wk high 11.67
[06:20] {esemde} which stock are you all referring to
[06:20] {Threei} HOKU
[06:20] {magoo} so we broke into a new year high premkt
[06:20] {Threei} magoo's favorite monkey
[06:21] {magoo} i luv the monkeuy
[06:21] {DaveG} hmmm
[06:21] {DaveG} i thought i was
[06:21] {Threei} competition is tough dave
[06:21] {DaveG} i see
[06:21] {esemde} interesting watching that yesterday...do you feel it's going to continue like that
[06:21] {Threei} very possible
[06:21] {cosmo} it should hold 12.1
[06:21] {Threei} it looks and feels like a short squeeze
[06:22] {magoo} and it was 4 bux 1 month ago
[06:22] {dptl} gm all
[06:22] {Threei} dp :)
[06:22] {Roman} GORX GeoPharma reports Q4 EPS of $0.07 vs $0.01 yr ago; revs rise 7.9% to $14.4 mln (4.09 )
[06:22] {esemde} morn dp
[06:22] {Roman} ASIA AsiaInfo announced it has won a contract with Zhejiang Netcom, a subsidiary of China Netcom, to expand its broadband billing system. (9.68 )
[06:24] {magoo} risky, BUT, i just know HOKU going over 13 today easy...and probably near 14...i said it...i stand by it....but trade at own risk
[06:24] {Threei} thank you magoo
[06:24] {Threei} I mean... I wanted to say it but felt o burden of responsibility :)
[06:24] {magoo} i like its volume and more important...its "feel"
[06:25] {magoo} this is beautiful pre mkt action
[06:25] {Roman} SATC SatCon Tech receives over $2.8 mln in new Fuel Cell inverter orders (1.17 )
[06:25] {magoo} vad, u serious or bustin on me?
[06:25] {Threei} serious
[06:26] {Threei} often this kind retreats in the morning, keeps quiet for while, then starts climbing slowly,
[06:26] {Threei} then explodes attracting new wave of atention
[06:26] {Threei} that would be ideal way for us
[06:26] {Roman} SATC SatCon Tech receives over $2.8 mln in new Fuel Cell inverter orders (1.17 )
[06:26] {magoo} news was on 6/22...185 million 7 yr deal for solar panels
[06:26] {Roman} JASO JA Solar tgt raised to $38 from $32 at Amtech (30.37 )
[06:26] {Threei} much harder to read if it goes ruight out of the gate
[06:26] {magoo} yeah...and feels like it will
[06:26] {Threei} news doesn't matter anymore, IMO
[06:27] {Threei} it was original trigger,
[06:27] {Threei} now it moves on its own merits, players trying to outplay each other
[06:27] {magoo} i like it to lose 12, go to 11.60 and hold..then blast off
[06:27] {Threei} that would be a heaven scenario
[06:29] {cosmo} HOKU should hold 12.1
[06:29] {cosmo} needs to hold 12
[06:29] {cosmo} imho
[06:29] {magoo} roman, u in JASO?
[06:30] {magoo} its a mover..better than pulp
[06:30] {Roman} in swing JASO
[06:30] {Roman} from long time ago
[06:30] {Roman} no read here
[06:31] {Threei} ASIA
[06:31] {magoo} k
[06:31] {Threei} 9.98 high yesterday
[06:31] {magoo} nice volume on it
[06:31] {Threei} 10 long half lot
[06:32] {magoo} i only showing 5600 traded?
[06:32] {Roman} long ESLR
[06:32] {Roman} 1/2
[06:32] {Roman} 8.78
[06:33] {Roman} watching SOLF
[06:33] {Roman} ESLR has been hated for a while, especially recently
[06:33] {cosmo} HOKU too
[06:34] {Threei} recently? I always hated it, lol
[06:34] {magoo} me too vad:)
[06:34] {Roman} CTDC
[06:36] {dino} l f .10, stop .98
[06:36] {Roman} SOHU
[06:36] {Roman} feels higher
[06:36] {Threei} HOKU 12.50 break long trigger, risky, volatile etc
[06:36] {magoo} l hoku off .40
[06:37] {Threei} target 13 at least
[06:37] {Threei} don't touch it if can't handle volatility
[06:38] {magoo} out here .74
[06:38] {magoo} .70 i mean
[06:39] {magoo} going to 14 area today,,,judst breathes hard
[06:39] {magoo} and u really NEVER know..so keep scalpin it
[06:40] {Roman} ASTI
[06:40] {dino} nwa s hl .43
[06:40] {Roman} long small ASTI 8.65 area
[06:40] {Roman} just want to be in this one, in case
[06:40] {magoo} back in .70
[06:41] {esemde} VMSI 48% increase.....
[06:42] {esemde} possible hostile takeover
[06:47] {DaveG} double day goal
[06:47] {DaveG} have a nice day
[06:47] {DaveG} lol
[06:48] {DaveG} sorry i go corner
[06:48] {Threei} sigh
[06:48] {Threei} where is raven
[06:48] {DaveG} :)
[06:50] {cosmo} DSTI hod = 6.65
[06:50] {cosmo} so far
[06:50] {cosmo} sigh...history now
[06:51] {lklarson} vad, any real read on HOKU
[06:51] {dino} gj dave
[06:52] {DaveG} ty
[06:55] {Roman} XMSR long setup
[06:55] {Threei} by real you mean technical?
[06:56] {lklarson} lol
[06:56] {lklarson} just your expert opinion
[06:57] {Threei} the same
[06:57] {Threei} 13 and higher today
[06:57] {lklarson} ok, thx
[06:57] {magoo} ik, a good trigger is .75, if hits .75 go long over 13
[06:58] {Threei} DSTI
[06:58] {lklarson} ok, thx mags
[06:59] {Threei} this is very specific stock and type of movement lkl
[06:59] {Threei} I'd say, if you never encountered such animal, observe
[06:59] {Threei} gotta get a feel fore the best way to trade it
[06:59] {lklarson} right, it does not follow any specific setup
[07:00] {Threei} what the signs of frenzy are, what the signs of calming down are
[07:00] {Threei} how it rests, resumes, what headfakes look like
[07:00] {Threei} this kind of things is very hard to put in words
[07:00] {Roman} ECONX Consumer Confidence 103.9 vs 106.0 consensus, prior 108.0
[07:00] {Roman} ECONX New Home Sales 915K vs 925K consensus, prior revised to 930K from 981K ; m/m change is -1.6%
[07:00] {lklarson} right, i see what you are saying
[07:01] {Threei} and always remember the risk reward equation...
[07:01] {Threei} upside is big opn this kind of movers but so is risk
[07:02] {Threei} squeezes are nice and easy if you are in early
[07:02] {Roman} in XMSR small
[07:02] {Threei} much tougher at leater stages as volatility is a killer
[07:02] {lklarson} right, its very much trading at instinct on this type of mover
[07:02] {Threei} eqzaktly
[07:03] {Threei} it's easier for those who lived through 1998-200
[07:03] {magoo} just took dsti .84
[07:03] {magoo} over 7
[07:03] {dino} aig l .09\
[07:03] {dino} stop .96
[07:04] {lklarson} thats why I am just observing for now, if go for it using small shares
[07:04] {Threei} right
[07:04] {Roman} out XMSR -.02
[07:04] {Threei} every trade, especially on new for you kind of movers has two sides to it
[07:04] {Threei} money making is one,
[07:05] {Threei} learning is another
[07:05] {Threei} aim for both in balance, you come out a winner in both departments,
[07:05] {Threei} making some or losing a little, and gathering invaluable experience
[07:05] {Threei} next time similar move comes, you are armed
[07:06] {Threei} look at DSTI going for 7
[07:06] {Threei} how did magoo know it?
[07:06] {magoo} waiting .09
[07:06] {lklarson} right, i see what your saying
[07:06] {Roman} out 1/2 ASTI +.25
[07:06] {Threei} my bet is, he won't be able to put it in words
[07:07] {Threei} I know I'd have hard time
[07:07] {Threei} you just feel this "foam at their mouth"
[07:08] {Threei} disturbing image... lol
[07:08] {magoo} OUT .05
[07:08] {Threei} wtg
[07:08] {magoo} feels like more, want to bank it tho
[07:08] {Roman} out ESLR even
[07:08] {Threei} some visual hints:
[07:08] {Threei} big offers at level 2,
[07:08] {Roman} out remaining ASTI
[07:09] {Threei} a lot of sales go off bid price where you see just a small shares
[07:09] {Threei} yet a stock holds,
[07:09] {Threei} downticks are rare,
[07:09] {Threei} support is stubborn,
[07:09] {Threei} stock returns to the resistance again and again,
[07:09] {Threei} bites of off it every time a little,
[07:10] {Threei} then there are no more downticks despite a barrage of sales,
[07:10] {Threei} then frenzy of buying comes and takes all the offers out
[07:10] {dino} stop aig -.15
[07:10] {Threei} if you are scalpinjg, that's the moment to grab your spike
[07:11] {Threei} if you see this scenario being repeated again and again at higher resistance levels, you got a big mover
[07:11] {Threei} one of the most promising ways to trade it potential wise is an ambrella method
[07:11] {Threei} you know it from scalping course
[07:12] {Threei} look at HOKU right now
[07:12] {Threei} 12.50 break
[07:12] {Threei} trade that momentum player will take
[07:12] {Threei} if HOKU loses .20 we have a rest period
[07:12] {lklarson} right
[07:13] {cosmo} ah ... a rest
[07:13] {Threei} gotta cool down, let it digest things for a while
[07:13] {Threei} lol cosmo
[07:13] {cosmo} :)
[07:14] {Threei} one more important thing to keep an eye on:
[07:14] {Threei} when such move starts, it's usually independent of the market
[07:14] {Threei} however as time goes, a stock tends to turn into market follower
[07:15] {Threei} it cools down and starts trading with market rather than on its own merit
[07:15] {lklarson} yes, noticed this a lot
[07:15] {Threei} if you start seeing such connection, it's a sign of momentum dying out
[07:15] {Threei} psychology behind this is
[07:15] {Threei} on a hot mover traders don't look at the broader market,
[07:16] {Threei} they duke it out on this particular stock
[07:16] {Threei} as momo dies down, their attention starts spreading around
[07:16] {Roman} long FFHL small & slow
[07:16] {Roman} MPEL high
[07:16] {Threei} and they start matching their action to more "traditional" ways
[07:19] {lklarson} this is great info that have since yeasterday even though i took a nice scalp on hoku i missed that big move since i did not know how to read that type of move
[07:20] {magoo} u should write a book vad
[07:20] {Threei} it's kind of pointers... will help to discern them, but nothing will replace experience with those
[07:20] {Threei} you think magoo?
[07:20] {lklarson} right, point taken
[07:21] {Roman} somthing is up with MPEL
[07:23] {magoo} DSTI bouncer vad?
[07:24] {Threei} tough read
[07:24] {Threei} not sure
[07:24] {Threei} pullback is too deep for my taste
[07:29] {Threei} HOKU nears bounce area
[07:36] {magoo} nice bounce read vad
[07:36] {Threei} off 11.60 level you mentioned earlier
[07:37] {dino} f stopped -.17
[07:37] {Threei} QDEL again
[07:37] {Threei} .75 long
[07:37] {Threei} .59 stop
[07:39] {magoo} pretty amazing come back hoku
[07:44] {esemde} Vad do you keep a monitor list of stocks from the previous day
[07:44] {Threei} only if there was a move that I felt had a strong chance of continuation
[07:44] {Threei} well, and if I could remember about it next day, lol
[07:44] {esemde} what do you look for in that senairo...
[07:45] {esemde} strong end of the day
[07:45] {Threei} that,
[07:45] {Threei} possibly 52 week highs
[07:45] {esemde} with volume i assume
[07:45] {Threei} with strong move after breaking it,
[07:45] {Threei} steady strong buying
[07:47] {esemde} tks
[07:49] {magoo} tech question here, i have the $comp on lower screen bar..but my dow is missing
[07:49] {magoo} laser problem or my problem
[07:49] {magoo} always was there
[07:50] {Threei} hmmm
[07:50] {Threei} dji is not showing indication, you are right
[07:50] {Threei} not sure what gives
[07:50] {Threei} what as soon as laserdave appears he is garanteed to get trouted
[07:50] {magoo} $DJI blank on my level 1 also
[07:50] {Threei} yes
[07:50] {magoo} so laserr problem i guess
[07:51] {magoo} i like it when we ALL hurt he he
[07:52] {Threei} QDEL stop to .65
[07:57] * Threei sends subliminal message to QDEL: How about moving while we are young?
[07:57] {Threei} ,QDEL} don't flatter yourself, too late for that
[07:59] {DaveG} out de puts +.25
[08:02] {Threei} market isn't too happy
[08:05] {esemde} weird parrody...economy healthy...interest rates stable....
[08:06] {esemde} almost like someone is trying to force an issue
[08:08] {esemde} money goes where the margins are....and margins are good
[08:11] * Threei slaps LaserDave around a bit with a large trout
[08:11] {lklarson} lol
[08:14] * magoo slaps lklarson around a bit with a large trout
[08:14] {magoo} no laughing, i can't concentrate
[08:15] {lklarson} oh man, tough love in here, lol
[08:15] {magoo} your laughing again......................
[08:16] * lklarson slaps magoo around a bit with a large trout
[08:16] {DaveG} hey, keep it down over there
[08:17] {lklarson} hey, that was my first trouting
[08:18] * DaveG slaps lklarson around a bit with a large trout
[08:18] {DaveG} and not your last
[08:18] {DaveG} :)
[08:18] {Threei} QDEL 1:1
[08:18] {magoo} is that your exit or more u think?
[08:19] {lklarson} yes, the way thing go around here pretty sure it won't be:)
[08:19] {lklarson} out half qdel
[08:19] {DaveG} wtg
[08:25] {magoo} vad, u out or in QDEL?
[08:25] {Threei} yes
[08:26] {magoo} huh?
[08:26] {Threei} out, lol
[08:26] {magoo} full lot for a dime?
[08:27] {Threei} yup
[08:27] {magoo} k
[08:30] {magoo} now look at HOKU...feels like something starting again...for learning purposes here
[08:33] {dptl} take care everyone talk to you tomorrow
[08:33] {magoo} bye PD:)
[08:34] {lklarson} tk dp
[08:34] {magoo} puff daddy
[08:34] {dptl} :)
[08:34] {magoo} p diddy
[08:34] {magoo} diddy
[08:35] {magoo} 11:31] {magoo} now look at HOKU...feels like something starting again...for learning purposes here
[08:35] {magoo} that was @ .14
[08:36] {lklarson} nice
[08:36] {magoo} vad...just got off phone with QDEL...u give them my number??
[08:37] {Threei} yes sir
[08:37] {Threei} why do I have to suffer alone
[08:37] {magoo} qdel was rude to me
[08:48] {magoo} vad sffers for his soup {soup nazi}
[08:48] {magoo} suffers
[08:48] {Threei} lol
[08:56] {dino} cov nwa .26, +.17
[08:57] {dino} cat l .75
[08:59] {Threei} magoo
[09:00] {magoo} yes
[09:00] {Threei} you may be pleased to know that laserdave is going to fly to NYSE and give us updates on DJI over the phone
[09:00] {DaveG} lol
[09:00] {magoo} nice
[09:00] {Threei} how's that for service
[09:01] {magoo} awesome
[09:04] {LaserDave} haha
[09:04] {LaserDave} im actually in the jet right now
[09:04] {LaserDave} im on it guys
[09:05] {DaveG} look out your window, im waving
[09:05] {Threei} see the power of a trout
[09:05] {LaserDave} very nice
[09:12] {dino} out cat flat, taking a break
[09:16] {Roman} JASO spike
[09:17] {dino} usna
[09:24] {magoo} thanx dino
[09:24] {dino} np
[09:37] {magoo} thats a patented "dino drop"