Session Start: Mon Aug 13 00:00:00 2007
Session Time: Mon Aug 13 00:00:00 2007
[05:14] {DaveG} morning
[05:25] {BillyD} morning
[05:58] {Threei} oh the effort Mondays require...
[05:58] {Threei} good morning
[06:04] {dino} gm all
[06:04] {esemde} morning Billy, Dave, Vad...
[06:05] {esemde} dino
[06:05] {esemde} especially when you get the summer weather were having around here VAD...
[06:06] {Threei} dino, ese :)
[06:06] {Threei} oh ese, I am quite happy with it
[06:06] {esemde} in the 18 years that i've been here Vad...my grass has never been this green in August
[06:07] {esemde} it is a beautiful place though....for sure
[06:07] {Threei} I know... but I have my previous living spot for comparizon still very fresh in my mind
[06:07] {Threei} and it's truly and totally miserble vs what we have here
[06:08] {esemde} definately lots more mosquitoes in manitoba
[06:08] {Threei} for one thing
[06:08] {dino} gm ese
[06:08] {Threei} high heat with horrible humidity for another
[06:08] {esemde} they don't seem to survive in the salt water/ humid air
[06:08] {esemde} morning dino
[06:08] {Threei} endless windstorms and downpours, last one with egg-sized hail
[06:09] {dino} sounds nice, not
[06:09] {Threei} puts things in prspective :)
[06:09] {esemde} yep ...have been through one of those
[06:09] {Threei} whatever "PRSpective" is
[06:10] {dino} lend getting spanked, aquirer trying to void deal
[06:21] {cosmo} hmmm ... a green monday
[06:21] {cosmo} so far
[06:22] {Threei} with recent volatility it can change on a dime... but so far so good
[06:23] {esemde} can someone explain this subprime mortgage thing in a couple o sentences
[06:23] {DaveG} lenders giving loans to people who can't afford them
[06:24] {cosmo} subprime = the 'buzz word' for this time
[06:24] {Threei} and a lot of defaults looming
[06:24] {esemde} why is that creating such volitility in the market Dave?
[06:24] {esemde} just speculation re defaults
[06:24] {BillyD} actual defaults
[06:25] {cosmo} cheer leaders like cramer also
[06:25] {DaveG} because housing is an important econimic factor
[06:25] {DaveG} economic
[06:26] {cosmo} econemic?
[06:26] {DaveG} :)
[06:26] {esemde} and thats it.....just more market..speculation
[06:26] {esemde} is it for real down there?
[06:26] {BillyD} yes
[06:27] {BillyD} actual defaults taht are real losses for these lenders
[06:27] {cosmo} eck-amenic
[06:27] {esemde} things seem to be fine up here in Canada
[06:27] {dino} florida, california and nevada getting hit hard from what i read
[06:28] {BillyD} even AZ
[06:28] {esemde} then you guys should be able to pick up some realestate cheap
[06:28] {cosmo} in AZ?
[06:28] {dino} eventually
[06:28] {esemde} fire sale and all that
[06:28] {BillyD} yes
[06:29] {cosmo} what's cheap?
[06:29] {dino} brb, need coffee
[06:29] {esemde} depends on where you are
[06:29] {BillyD} a crrection in AZ Cosmo
[06:29] {cosmo} Queen Creek?
[06:29] {BillyD} yes, maricopa
[06:29] {cosmo} for example
[06:30] {BillyD} plus stuff in the main areas as well
[06:30] {BillyD} 1700 sg ft for 190K
[06:30] {BillyD} or less in some places
[06:30] {cosmo} ic
[06:30] {BillyD} short sale opps as well
[06:31] {Threei} watching GIGM
[06:31] {Threei} waould like to get a pullback closer to 11 for long entry
[06:32] {cosmo} BEAS
[06:32] {cosmo} 12.35 pre mkt high
[06:33] {DaveG} im done
[06:33] {DaveG} triple day goal already
[06:33] {DaveG} good god
[06:33] {cosmo} lets hope
[06:34] {Threei} BEAS .26 long trigger if stays above .10
[06:34] {cosmo} k
[06:36] {Threei} 12.11 aggressive entry with 11.99 stop
[06:36] {cosmo} agree
[06:36] {Threei} big offer at .10 serves as indication
[06:37] {Threei} lost 12... no read for now
[06:37] {cosmo} needed to hold 12
[06:38] {Threei} GIGM aggressive entry here with tight stop under .10
[06:39] {Threei} if INET lets .16 go should work
[06:44] {lklarson} gm all
[06:44] {Threei} lkl :)
[06:46] {dino} gm lkl
[06:47] {BillyD} vlume low out there so far
[06:47] {BillyD} volume
[06:47] {BillyD} or just slow
[06:47] {Threei} both
[06:47] {BillyD} ty
[06:47] {Threei} :)
[06:47] {BillyD} it's monday right
[06:47] {Threei} yeah
[06:48] {lklarson} stopped gigm
[06:49] {Threei} HLIT .70 break long, .64 stop
[06:52] {lklarson} in hlit .71
[06:52] {BillyD} I never saw it hit .71
[06:53] {BillyD} that doesn't mean it didn't
[06:53] {lklarson} strange, in TS it did
[06:53] {BillyD} well ...it is issue with my quotes
[06:56] {Threei} NVDA is half lot long soon, just on its natural volatility
[06:56] {Threei} hard to nail exact entry, must be timed with nasdaq
[06:57] {Threei} lol... "hard to nail" is understatement
[06:57] {lklarson} yes:)
[06:57] {BillyD} it's a volatility guess
[06:58] {BillyD} buy and seel into spikes
[06:58] {BillyD} sell
[06:58] {BillyD} 40-.50 swings
[06:58] {BillyD} jmho
[06:58] {BillyD} which NVDA keeps one humble
[06:59] {dino} hl l clwr .00, stop .69
[07:02] {Roman} GS
[07:03] {Roman} wild but could continue the bounce
[07:04] {Roman} in somall
[07:04] {Roman} super small
[07:04] {BillyD} FRPT continues
[07:04] {Roman} out GS
[07:05] {Roman} Vad u in HLIT?
[07:05] {Threei} yes
[07:05] {Threei} you can tell by the width of my yawning
[07:05] {Threei} wow... new high, whole cents higher than old high
[07:06] {Threei} I may even get my scalp before last hair falls off my head
[07:08] {dino} stopped clwr -.33
[07:08] {lklarson} out half hlit
[07:08] {lklarson} stopped clwr
[07:09] {esemde} long TOPT 300 shs 5.89
[07:09] {Roman} NFI radar
[07:10] {esemde} tight stop .70
[07:10] {Roman} going in NFI small
[07:10] {Roman} will add more on pullback
[07:11] {gabby} morning all late today
[07:11] {esemde} this one might be of interest to you Roman..LTXX
[07:11] {Threei} gabby :)
[07:11] {BillyD} hi gabby
[07:12] {gabby} its quiet. even scanner havivg problem to fill screen
[07:13] {Threei} what do you mean quiet... we are up whole6 cents on our pick HLIT {GGG}
[07:14] {Threei} and with any luck we might even get 7 cents
[07:14] {gabby} damn missed it :-)
[07:14] {Threei} hehe
[07:14] {Raven} NVDA ?
[07:15] {Raven} oops ... wrong window
[07:15] {DaveG} morning Raven
[07:15] {Threei} yeah, we are up almost a buck since I wanted to say buy it
[07:15] {Raven} hiya Dave
[07:15] {Threei} does that count?
[07:15] {Raven} would coulda shoulda ?
[07:15] {Threei} yup
[07:15] {Raven} sigh
[07:15] {Roman} CAAS
[07:16] {Roman} small cap, reported earnings
[07:16] {cosmo} ARBA
[07:17] {Threei} JDAS
[07:17] {Threei} half lot .85 long
[07:17] {Threei} stop under .60 for now
[07:17] {Threei} will trail quickly if sets up from here
[07:20] {Threei} sigh
[07:20] {lklarson} stopped jdas
[07:20] {Roman} add NFI another small lot 6.5
[07:20] {Roman} stop 6.35
[07:21] {Threei} .85 seller never left, killed enthusiasm
[07:23] {BillyD} watching hoku for .50 break down
[07:24] {Threei} friday low too
[07:24] {Threei} nice setup
[07:25] {BillyD} yes.....I shorted it at 9.99 earlier.....on gap up and had a nice cover
[07:27] {cosmo} ARBA 9.02 hod so far
[07:27] {cosmo} it might want 9.25
[07:29] {Roman} long OMTR
[07:29] {Roman} 27.21
[07:30] {Roman} 1/2
[07:36] {Threei} die HOKU
[07:36] {BillyD} yes
[07:36] {Threei} {HOKU} you are so rude...
[07:37] {Threei} good boy
[07:38] {BillyD} stop to over .60 seem reasonable Vad
[07:38] {Threei} totally
[07:39] {BillyD} cov'd 1/4 +.17
[07:40] {dino} decc s .29
[07:41] {BillyD} 1/4 more +.18
[07:43] {dino} gj
[07:44] {BillyD} ty
[07:45] {gabby} in jdas .85
[07:47] {BillyD} Vad...stop on HOKU at .50 too aggressive at this point?
[07:50] {Threei} just above
[07:50] {BillyD} ok
[07:51] {Threei} RADS 15 long
[07:51] {Threei} if stays above .90
[07:51] {Roman} anyone still in HLIT?
[07:51] {Threei} sigh
[07:51] {Threei} yes
[07:52] {dino} vscn fast drop
[07:52] {BillyD} lol Vad
[07:55] {Threei} stop .69 HLIT
[07:57] {Threei} in case RADS sets up, lets make it half lot
[07:59] {BillyD} stop to .30 on HOKU
[08:00] {Threei} beautiful
[08:00] {BillyD} yes...we happy so far on this one
[08:00] {Threei} we likey
[08:02] {BillyD} cov'd 1/4 more +.30
[08:03] {BillyD} out rest +.39
[08:03] {Threei} wtg
[08:03] {BillyD} thx...you still in all of yours
[08:03] {Threei} half
[08:03] {BillyD} ok...pull an IKL on me
[08:03] {BillyD} hehe
[08:03] {Threei} sorry :)
[08:04] {BillyD} maybe you can get a panic spike
[08:04] {Threei} stop above .25
[08:05] {lklarson} stopped hlit
[08:05] {Threei} we oversat this one eh?
[08:06] {lklarson} yes
[08:10] {Threei} WYE .10 short
[08:10] {Threei} .21 stop
[08:10] {DaveG} gasp!
[08:10] {DaveG} a listed
[08:11] {DaveG} nice one
[08:13] {Threei} 1;1
[08:14] {gabby} JDAS sets up
[08:19] {DaveG} thx vad
[08:20] {gabby} out JDAS at 21.10
[08:20] {Roman} long IPII small
[08:20] {gabby} tks 3i
[08:20] {Roman} 8.50
[08:20] {Threei} welcome
[08:23] {Roman} AAPL long small
[08:23] {Roman} SPY is sqeezing a bit here
[08:26] {Roman} CPSL small cap on radar, hard to read
[08:28] {esemde} TOPT....thank you very much
[08:28] {Threei} nice one
[08:28] {Roman} market wants higher
[08:29] {Roman} IDCC stong today
[08:29] {esemde} +.30
[08:32] {dino} \tm hl l .10
[08:33] {dino} decc stopped -.21
[08:35] {dino} cavm
[08:49] {DaveG} http://www.uglychart.com/2007/07/21/the-foot-mouse-perfect-for-day-traders/
[08:50] {DaveG} get yours today
[08:53] {BillyD} too many buttons for me dave
[08:54] {DaveG} ya think
[08:58] {DaveG} man, tough crowd
[08:59] {BillyD} Vad....HOKU another setup throiugh .90 maybe
[09:00] {BillyD} I hate to chase
[09:00] {Threei} half lot maybe... it's a jumpy one whe3n ity gets ov3r3extnded
[09:00] {Threei} wow
[09:00] {Threei} lol
[09:00] {DaveG} lol
[09:01] {BillyD} true Vad...and it has yet to do it
[09:01] {BillyD} may be due
[09:01] {Threei} yeah, it's too steady so far :)
[09:04] {BillyD} I took 1/2 lot at 9 too see
[09:14] {DaveG} LEND may go here
[09:20] {DaveG} (or not)
[09:22] {BillyD} or so
[09:23] {DaveG} that thing's nuts
[09:27] {BillyD} FRPT intersting if takes out these offers
[09:28] {BillyD} risky
[09:34] {Threei} wow
[09:34] {Threei} head of chinese toy manufacturer commited suicide after big recall
[09:34] {BillyD} sad
[09:34] {Threei} that's one strict country
[09:34] {BillyD} too much pressure
[09:37] {dino} hl s anik .10, hl s iosp .78
[09:44] {BillyD} out 1/2 hoku +.10
[09:53] {Threei} don't you hate the way BQI shook us out on Friday
[09:53] {BillyD} that's your AMEX buddy for ya.....just kidding
[09:53] {Threei} you are not :)
[09:54] {Threei} scanner is frozen, news too
[09:54] {BillyD} it just didn't work
[09:56] {BillyD} out rest hoku +.14
[10:00] {Threei} nice daily ARTG
[10:12] {Threei} FLML half lot short under .85
[10:12] {Threei} atop above 15
[10:21] {dino} tm stopped
[10:24] {dino} bstop iosp to .33
[10:25] {dino} anik bstop to .80
[10:25] {dino} cov anik .75, +.35
[10:26] {dino} cov iosp w/slip .43, +.35
[10:26] {Threei} wtg
[10:26] {BillyD} gj dino
[10:26] {dino} thx, still a bit down on day
[10:32] * Threei hits FLML over the head with 2x4 endowed with rusty spike curvy nails
[10:35] {Threei} 1:something
[10:35] {BillyD} cov'd 1/3 flml +.13
[10:36] {dino} gj
[10:36] {BillyD} 1/3 +.19
[10:37] {BillyD} rest +.24
[10:37] {BillyD} ty vad
[10:37] {Threei} welcome
[10:38] * Threei is reaching for dino's That Was Easy button
[10:38] {BillyD} I thought call was under .80 and ss at .78
[10:38] {Threei} hmmm
[10:38] {BillyD} saw that it was .85
[10:38] {BillyD} my bad
[10:39] {Threei} yeah, which part of "5" makes it look like "0"? {GGG}
[10:39] {BillyD} never made past the 8
[10:39] {Threei} ah
[10:40] {BillyD} saw chart and focused on .80 braek
[10:40] {Threei} I gotta learn to do that... so far order "Focus!" sends me right into deep coma
[10:42] {BillyD} gotta play stocks with more volume to keep you alert
[10:44] {Threei} but I don't want to be alert
[10:45] {BillyD} then you are succeeding
[10:45] {Threei} :))
[10:46] {Threei} FLML don't let it go over .50 on you from here
[10:49] {DaveG} UVE
[10:49] {DaveG} 58% short
[10:52] {DaveG} nm
[11:14] {dino} got booted
[11:14] {Threei} it happens to best of us
[11:15] {DaveG} hey i just noticed, no magoo
[11:20] {Threei} "how did you escape your kidnappers/" - "well, one of us with the best eyesight noticed on a third day that one wall is absent"
[11:20] {DaveG} lol
[11:22] {dino} lol
[11:27] {DaveG} aapl
[11:39] {Threei} LIFC?
[11:42] {DaveG} if UVE breaks 6.60....
[11:43] {DaveG} gawd, i hate ase stocks though
[11:44] {esemde} ase ese...for a second i thought you were talking about my stocks phewwww!!!
[11:44] {BillyD} lol
[11:45] {DaveG} lol
[11:45] {DaveG} nah :)
[11:49] {dino} phly s .50
[11:51] {dino} penx
[11:51] {dino} nah
[11:51] {DaveG} IOC
[11:51] {DaveG} another friendly amex stock
[11:53] {dino} oil find
[11:53] {DaveG} i know
[11:53] {DaveG} played it a bit
[11:53] {DaveG} kinda scary though
[11:53] {dino} yeah
[12:00] {DaveG} and that drop's exactly why :)
[12:01] {DaveG} .70 in like a second
[12:01] {Threei} nice PHLy dino
[12:04] {dino} ty
[12:05] {dino} not really my kind of market today
[12:05] {Threei} very much mine - it allows me to sleep without being bothered
[12:05] {DaveG} :)
[12:06] {dino} yeah, thats about it, not too many euphorics or capits
[12:07] {BillyD} dino...do you have a set criteria to find those plays
[12:07] {BillyD} like up so much (.40) in 1min or less
[12:10] {dino} yes, .07 increments look for 8+ flashes, up or down
[12:10] {dino} ghen lay out about 70 cents away either type
[12:11] {BillyD} gotcha..ty
[12:11] {dino} alot don't fill, but the ones that do give me about 60-70% success. my bread and butter
[12:12] {BillyD} you don't care about volume right
[12:13] {dino} 65k and up i prefer, but all depends. the thin ones jump up or down much more so lay farther away
[12:16] {dino} phly bstop to .05
[12:16] {dino} cov +.43, slippge
[12:18] {BillyD} gj
[12:19] {dino} ty
[12:22] {dino} lol, that last trade got me back to -5 bucks for the day
[12:22] {Threei} that's a hard hit dino... I am very sorry
[12:22] {DaveG} your broker says thank you
[12:23] {dino} yes, they made more than i did today
[12:24] {dino} fwiw, tomorrows' my last day trading until the 27th, vacation
[12:24] {DaveG} cool, where ya going?
[12:24] {dino} sunset beach, nc
[12:24] {Chaeron} we'll miss you dino
[12:24] {dino} doubt it
[12:24] {BillyD} lol
[12:25] {Threei} come one, don't be that cynical
[12:25] {Threei} of course we won't
[12:25] {Threei} errr
[12:25] {BillyD} cheap flattery eh dino
[12:25] {Threei} will
[12:25] {dino} lol, i sort of hate to leave, been in the zone lately
[12:25] {dino} although that will run out
[12:25] {Chaeron} take a laptop
[12:25] {Threei} we solemnly promise not to profit until your return
[12:25] {BillyD} HOKU approaching lod
[12:25] {dino} no, vaca is vaca, going to clear my mind
[12:26] {DaveG} have fun, we WILL miss you :)
[12:26] {dino} trow drop
[12:27] {dino} and jump
[12:27] {Threei} what about magoo?
[12:27] {Threei} you take him with ya?
[12:27] {dino} will do dave.
[12:27] {dino} magoo is the rooms' problem
[12:27] {DaveG} lol
[12:27] {Threei} I knew that
[12:27] {Threei} sigh
[12:27] {DaveG} no
[12:27] {dino} :)
[12:27] {DaveG} magoo IS a room problem
[12:27] {BillyD} man...no such luck
[12:28] {dino} lol
[12:28] {DaveG} (i'm so dead when he returns)
[12:28] * Chaeron slaps DaveG around a bit with a large trout
[12:28] {Chaeron} he told me to give that to you
[12:28] {Threei} hmmm
[12:28] {DaveG} or before
[12:29] {Threei} that's a good idea actually
[12:29] * Threei slaps DaveG around a bit with a large trout
[12:29] {DaveG} :)
[12:30] {DaveG} cpii
[12:31] {dino} cpii
[12:31] {DaveG} huge earnings beat
[12:31] {dino} opps
[12:31] {dino} revs down tho
[12:31] {DaveG} yeah
[12:32] {dino} not sure
[12:32] {dino} iosp hl s .40
[12:33] {dino} sheesh, stopped
[12:33] {dino} mnta drop
[12:41] {Threei} Ok guys, thank you all
[12:41] {Threei} have a good evening, see you tomorrow
[12:41] {DaveG} thanks vad!
[12:42] {dino} later vad
[12:48] {dino} sm, s cpii .91
[12:50] {dino} sglp
[12:54] {BillyD} bye all...cya tomorrow
[12:54] {dino} bstop to .65 cpii
[12:55] {dino} cov .65, +.26
[13:03] {dino} later all, thx
[13:46] * LaserDave slaps LaserDave around a bit with a large trout
