Tuesday, August 21, 2007

August 21, 2007

Session Start: Tue Aug 21 00:00:00 2007

Session Time: Tue Aug 21 00:00:00 2007

[05:33] {magoo} mornink comrades
[05:34] {BillyD} magoo :)
[05:35] {magoo} what did rimm do? split??
[05:35] {BillyD} no idea
[05:35] {magoo} look
[05:35] {magoo} 156 down
[05:36] {BillyD} split 3:1
[06:00] {gabby} good morning magoo, billy
[06:03] {BillyD} gabby :)
[06:03] {magoo} morn gabby:)
[06:03] {cosmo} LEND again ...if you dare. pre mkt high = 7.21 fyi
[06:03] {Threei} Good morning guys
[06:04] {BillyD} Vad :)
[06:04] {BillyD} cosmo
[06:04] {Threei} Billy :)
[06:04] {cosmo} BD,3i:)
[06:04] {Threei} wow RIMM... if someone owns it and doesn't watch the news, that's a heart attack right there one fine morning, lol
[06:04] {Threei} cosmo :)
[06:04] {DaveG} it split
[06:05] {magoo} vad, cos morning:)
[06:05] {Threei} lemme repeat: "if someone... snip... doesn't watch the news"
[06:05] {Threei} magoo :)
[06:06] {cosmo} "
[06:07] {cosmo} ATML pre mkt high = 5.10 = recent recovery high on the daily
[06:13] {cosmo} ...it should hold 4.90 ... in a perfect world
[06:13] {Threei} what's that?
[06:13] {cosmo} uh
[06:13] {cosmo} checking
[06:14] {Threei} oh I know... it's a world where I wake on on board of 248 ft yacht, no worry in the world, mid-Pacific, a lot of beer
[06:15] {BillyD} yeah and no life jacket in case you fall overboard drunk
[06:15] {BillyD} oh sorry....you said perfect world
[06:15] {cosmo} i'd take a lot on 'ensure' too
[06:15] {cosmo} on = of
[06:15] {BillyD} slight interuption in vad's fantasy
[06:15] {DaveG} sorry, i'll be over here in my corner
[06:16] {Threei} actually, I prefer no life jacket in that case
[06:17] {cosmo} yeah...their cumbersome
[06:17] {cosmo} they're
[06:17] {Threei} how is it fun to wake up floating in the middle of the ocean, your vessel long gone
[06:17] {Threei} AND hangover
[06:17] {BillyD} and you know someone else drank the rest of your beer
[06:17] {BillyD} torture eh
[06:17] {Threei} there
[06:17] {cosmo} hang over the edge of the earth maybe
[06:19] {dptl} good morning all
[06:19] {BillyD} dp :)
[06:20] {Threei} dp
[06:20] {Threei} note from parents please
[06:21] {magoo} pd :)
[06:23] {magoo} vad, u keeping eye on CFC today?
[06:24] {magoo} may move with buffet rumor
[06:24] {Threei} I guess, it produced nice read yetserday
[06:24] {magoo} yup
[06:24] {Threei} perfect divergence with market
[06:24] {magoo} how about rimm now at cheaper price?
[06:24] {Threei} no matter how much market ramped up, CFC would bump off resistance and drop, so short was no brainer
[06:25] {magoo} i kinmda thinking long at first
[06:25] {Threei} will see, RIMM... you know how much I like predictions :)
[06:26] {magoo} aapl and bidu i am watching...theyt will depend on mkt
[06:26] {Threei} for a while, yes
[06:26] {Threei} until some reason appears to move independently
[06:26] {Threei} and this is great moment for a very reliable read
[06:27] {Threei} if you spot such moment
[06:27] {esemde} morning everyone...
[06:27] {Threei} together with simple support/resistance levels it can constitute entire trading system
[06:27] {Threei} ese :)
[06:27] {magoo} ese:)
[06:28] {esemde} gm magoo
[06:29] {Roman} watching LOCM today
[06:29] {esemde} I' am
[06:30] {Roman} could be a 3-day bounce on that one
[06:30] {magoo} did that work yesterday?
[06:30] {Roman} i got small scalp but it didn't reach target
[06:31] {magoo} ok
[06:32] {Roman} HSOA
[06:32] {Roman} radar
[06:32] {Roman} had news yesterday
[06:32] {Roman} "distaster recovery"
[06:32] {Roman} that could do it
[06:37] {Roman} long SPAR small
[06:38] {Threei} CFC, 20 short trigger if doesn't go above 20.20 anymore
[06:38] {Roman} 14.70 area, spar, looking to exit over 15
[06:38] {Threei} invaliadetd for now
[06:38] {Threei} but will be back in play down the road
[06:39] {Threei} .40 is resistance level right now
[06:39] {Roman} LEND
[06:39] {Threei} if can't break it, .19 is short trigger
[06:40] {Threei} half lot for ALL calls on CFC
[06:41] {Roman} out 1/2 SPAR +.32
[06:41] {Roman} DNDN interesting
[06:42] {Roman} long SIMO small
[06:42] {Roman} slow
[06:44] {Roman} NUAN
[06:44] {Roman} long on pullback
[06:44] {Threei} NUAN
[06:44] {Threei} .21 long
[06:44] {Threei} lol roman
[06:44] {Roman} damit i want to get it on sale
[06:44] {Threei} 19.04 stop
[06:45] {magoo} in nuan
[06:45] {gabby} ATML?
[06:45] {Threei} NUAN has foam at its mouth feeling
[06:47] {Threei} not sure ATML
[06:48] {Threei} stop to .09 NUAN
[06:51] {Threei} stop to .14
[06:51] {cosmo} RNWK testing 6.20
[06:51] {BillyD} out 1/2 NUAN +.18
[06:51] {Threei} yup 1:1 is reached
[06:52] {Threei} becomes a bit erratic
[06:53] {Threei} ideally, if it breaks .40 from here, trail stop to .19
[06:53] {Threei} and let it ride
[06:53] {Threei} with market help it's capable of 20
[06:54] {Threei} CPHD
[06:54] {Threei} 19 break if holding above .85
[06:54] {Threei} half lot
[06:55] {BillyD} nice one...missed
[06:56] {Threei} of course... magoo took it all
[06:56] {BillyD} lol
[06:56] {magoo} whidch"}?
[06:56] {Threei} lol
[06:56] {BillyD} now he plays innocent
[06:56] {Threei} 1:1 CPHD
[06:56] {Threei} yeah, look at those eyes
[06:57] {Threei} 1:2
[06:57] {magoo} outhere .35, TY vad
[06:57] {Threei} there
[06:57] {Threei} welcome :)
[07:00] {Roman} MPWR vad?
[07:00] {Threei} .75 meltdown is long I think
[07:01] {Roman} MPEL
[07:01] {Roman} watching long on pullback
[07:05] {Threei} CFC setup is back, .19 short if can't go over .40
[07:06] {Threei} it's going to be kind of on again off again until it finally disconnects from the market
[07:07] {Threei} one possible strategy with it:
[07:07] {Threei} if it bumps off resistance and market driops sharply, enter aggressively
[07:09] {BillyD} stopped rest NUAN _.-7
[07:10] {Threei} yes
[07:10] {Roman} out SIMO flat
[07:10] {Threei} too bad NUAN lost its mojo
[07:10] {Threei} had great potential
[07:10] {BillyD} isn't that its personality
[07:10] {Threei} but we natural born scalpers know to protect the profits
[07:11] {BillyD} don't remember
[07:11] {Threei} neither do I
[07:11] {Threei} my memory span is one of a moth
[07:11] {Threei} actually... who are you billy?
[07:11] {BillyD} dunno
[07:12] {Threei} NYMX is our only hope
[07:12] {Threei} promises alzheimer drug since 1998
[07:12] {Threei} I wrote it down back then
[07:14] {BillyD} ss cfc .20
[07:14] {BillyD} when hit .19
[07:14] {Threei} OK CFC, time to die
[07:15] {Threei} market dumps
[07:15] {Threei} or not
[07:17] {Threei} ugh
[07:18] {Threei} .41 stop still
[07:18] {BillyD} short a little more at .32
[07:24] {Threei} covered half Billy?
[07:24] {BillyD} no
[07:25] {Threei} greedy greedy
[07:25] {BillyD} no
[07:25] {BillyD} stop is .20
[07:25] {BillyD} looking for under 20.10
[07:25] {Threei} your second half from .32 was +.20
[07:26] {Threei} with 9 cents risk
[07:26] {Threei} I'd cover that one there
[07:26] {BillyD} was looking at .25 savg
[07:26] {BillyD} ok
[07:27] {Threei} stopped
[07:27] {BillyD} same here
[07:27] {magoo} me too
[07:29] {Roman} out remaining SPAR
[07:36] {Threei} grrr... watching SIGM since .65 break and can't bring myself to call it
[07:36] {Threei} oh well
[07:41] {Threei} AMZN long small shares
[07:41] {Threei} stop under .50
[07:42] {Threei} in
[07:42] {Threei} 7 cents risk
[07:48] {Threei} out
[07:49] {BillyD} same here
[07:53] {BillyD} phones ringing Vad
[07:53] {Threei} I pretend to be deaf
[07:56] {Threei} that's exactly the idea of that entry but you hjave to have tour stop somewhere... and AMZN chose to break it first
[07:56] {BillyD} could easily be 75
[07:57] {Roman} CSUN got some interest
[07:57] {Roman} long OMTR small
[07:58] {DaveG} sheesh, aapl strong today
[08:01] {Roman} LMIA spike
[08:08] {esemde} LOCM making a bit of a move Raven
[08:08] {esemde} sorry Roman....well and Raven too
[08:10] {esemde} well ...i mean both Raven and Roman......ahh heck....everybody.....
[08:10] {Threei} lol
[08:10] {Threei} good save
[08:11] {esemde} phewww...thanks
[08:11] {BillyD} too much jerkiness ut there today...hard to get a read on stuff
[08:13] {esemde} Is SPAR a huge supplier for Chrysler...does anyone know
[08:14] {Roman} i don't understand why help people from foreclosures, if i make bad investments and lose my money, no one will help me
[08:14] {Roman} how the hell do you help people that put all the money in real estate
[08:14] {Roman} or people bought a house that THEY ARE not able to afford
[08:14] {BillyD} compassion Roman
[08:14] {BillyD} people make mistakes
[08:14] {Roman} i know this is homes , not stocks
[08:15] {Roman} but people bought cause of greed , to flip that
[08:15] {Roman} i bought stock that i wanted to flip too
[08:15] {Roman} alright, this isn't going anywhere
[08:15] {Roman} disregard
[08:15] {Roman} getting back to my cake
[08:15] {BillyD} lol....get'em Ben :)
[08:16] {esemde} for everyones info....not all realestate everywhere is going to go down
[08:16] {Roman} i made some many mistakes trading, any compassion here?
[08:16] {esemde} if you live in the pacific Rimm
[08:16] {Roman} still making mistakes
[08:17] {magoo} i feel for u bro :)
[08:17] {esemde} your realestate is still going to climb 30 to 40 percent over the next soo many years
[08:17] {esemde} how do i know this
[08:17] {Threei} so, smart one didn't jump in RE specualtion.... dumb ione did, lost money... now tax money from thew smart one is used to bail out dumb? Who is really smart one now?? :)
[08:18] {esemde} because 3 weeks ago i was up in Whistler golfing
[08:18] {BillyD} lol
[08:18] {Chaeron} ese... was it beautiful up there?
[08:18] {esemde} with 7 execs ffrom the HSBC bank and bank of Montreal
[08:18] {Roman} HSBC will not admit to any problems
[08:18] {esemde} the talk was about the next big economic center of the planet
[08:18] {Roman} they will say its great
[08:18] {Roman} life is good
[08:19] {esemde} that being the pacific Rimm
[08:19] {esemde} and
[08:19] {esemde} they are investing huge right now in Vietnam
[08:19] {Roman} yeah
[08:19] {Threei} I am with Roman on this one
[08:20] {Roman} i think China has lots of Dollars so they will slowly be buying up here in US
[08:20] {esemde} HSBC is almost sticking 1/3 of there investment portfolio there
[08:20] {Threei} this is wrong kind of compassion with array of bad outcomes
[08:20] {BillyD} vad..they will learn from these mistakes or should learn
[08:20] {esemde} anyway the upshot of this is
[08:21] {Threei} it erodes th self-responsibility and undermines the common sense in sensible people by rewarding wrong decisions and punishing right ones
[08:21] {magoo} i don't understand tho....if i default on my mortgage, i can get government assistance to pay it off?
[08:21] {BillyD} true...but no one deserves a break
[08:21] {esemde} if you have realestate out here up from California to Canada around the Artic circle to Japan to China and down to Vietnam and indoneesia
[08:22] {Threei} next time around, sensible ones say what the heck, I better take the risk, get bailed out later instead of being an idiot supplying my tax money to bail out others
[08:22] {Threei} and if I win, I win big
[08:22] {esemde} your realestate values are not going to be going down....
[08:22] {Threei} if I lose, they bail me out
[08:22] {BillyD} but not everyone thinks that way vad
[08:22] {magoo} 11:21] {magoo} i don't understand tho....if i default on my mortgage, i can get government assistance to pay it off
[08:22] {esemde} I took money from 4 of them.....
[08:22] {BillyD} only if your poor magoo
[08:22] {Threei} no, but that's the type of thinking decision to bail them pushes people into
[08:23] {Threei} wrong message
[08:24] {BillyD} it's like most things....human nature takes advantage of it
[08:24] {esemde} and Chaeron....it was beautiful up there....
[08:24] {Roman} i am going to live in russian, there is no way government will bail anyone out
[08:24] {Roman} no freaking help, u made mistake, live on a freaking streets
[08:24] {Roman} no pipipoopi
[08:25] {Roman} o u t
[08:25] {BillyD} Roman....compassion resides in the country in which you now live
[08:25] {Roman} i know
[08:26] {Roman} i am just pissed that i did not buy , was waiting for prices to come down
[08:26] {BillyD} and compassion does get abused...no doubt
[08:26] {BillyD} roflol
[08:26] {esemde} How many of you live on the west coast?
[08:26] {Roman} i am down 14 cents on OMTR, calling government to pay me back
[08:27] {Roman} bail me out please , buy back that stock and the price i paid
[08:30] {Roman} in LOCM , fed will bail me out anyone
[08:30] {Roman} small
[08:31] {BillyD} then go large
[08:33] {magoo} 128 comith..risky
[08:33] {magoo} magnate...aapl
[08:34] {BillyD} you in
[08:34] {magoo} yes
[08:35] {Threei} BCRX
[08:35] {Threei} .87 long for a scalp
[08:35] {Threei} if holding above .80
[08:37] {magoo} need mkt to ccoporeate
[08:37] {magoo} .45 cents there
[08:38] {magoo} lay out .23
[08:41] {Threei} here comes the market
[08:43] {magoo} kick it vad
[08:43] {Roman} JASO going now
[08:43] {Roman} MPEL continuation
[08:44] {Threei} beautiful magoo
[08:44] {Chaeron} "pipipoopi"?
[08:44] {Threei} wtg
[08:44] {magoo} .78 cents
[08:44] {BillyD} nice magoo
[08:44] {Threei} you have a great grip on this one
[08:44] {Chaeron} nice mags...
[08:44] {magoo} anyone go with me?
[08:45] {BillyD} didn't know your entry
[08:45] {Threei} no, we all hate you
[08:45] {magoo} sigh
[08:45] {Threei} {G}
[08:45] {magoo} billy, whren u asked it was .50 area, and i called over 128, 50 cents
[08:45] {Roman} just love to watch you make money and feel i wish i was there on the entry with you, best feeling ever
[08:47] {magoo} 129 magnate
[08:47] {magoo} in .44 again
[08:47] {BillyD} right magoo......it was up +.20 within the same time of post so wasn't sure
[08:48] {magoo} out here .87
[08:48] {magoo} tough billy to call exact entry, hooker spread and fast
[08:49] {BillyD} i know
[08:49] {Roman} CFC
[08:49] {magoo} kinda lettin u know i like it to go
[08:49] {magoo} hey, a poet
[08:49] {Roman} nice action
[08:49] {BillyD} appreciate it
[08:50] {Roman} CFC could sqeeze
[08:51] {Roman} in SIMO again
[08:51] {Threei} that's CFC comment
[08:58] {dptl} nuan still good at .40?
[08:58] {magoo} brb
[09:05] {Threei} yes dp
[09:06] {dptl} ty
[09:12] {Roman} out JASO +.98
[09:12] {Roman} out OMTR -.25
[09:14] {cosmo} ATML 5.10 wall
[09:14] {cosmo} melted
[09:21] {Threei} NUAN wortks for you dp
[09:22] {BillyD} and me thx dp
[09:22] * Threei slaps dptl around a bit with a large trout
[09:22] {Threei} wake up
[09:22] {dptl} well......some what.....i get off way toosoon....that big offer at .50 scared me away
[09:23] {Threei} whimp
[09:23] {dptl} :)
[09:23] {Threei} and slacker... what a peerfect combination to be a good trader
[09:23] {Threei} and I am not kidding
[09:23] {BillyD} roflol
[09:23] {dptl} lol
[09:27] {Threei} don't pick up the phone now dp
[09:27] {Threei} NUAN is likely to phone you, make evil laughter, call you names
[09:28] {Threei} chaeron
[09:28] {Threei} either you look your dcc
[09:28] {Threei} or I will have to ask you again
[09:28] {Threei} how's that for threatening alternative... I think I am losing shape
[09:32] {Roman} Lacker says market volatility need not require Fed rate cut
[09:38] {magoo} mkt weak here
[09:46] {Roman} long BCAS
[09:46] {Roman} OTC
[09:46] {Roman} mentioned on CNBC
[09:47] {Roman} in 2.35
[09:47] {Roman} could fly over $3
[09:47] {Roman} small
[10:19] {Threei} I think Fed answered your application for trading losses roman
[10:20] {Threei} you are not their "locus of concern"
[10:23] {magoo} aapl going for day high imho.riski
[10:23] {Threei} totally market dependent
[10:24] {Threei} Billy, to our yesterday discussion... seems QQQQ is better fit for timely monitoring than $NDX
[10:24] {Threei} in absense og NQ that is
[10:24] {BillyD} ok....I will change
[10:25] {Threei} observe... don't take my word at face value, I watched it for today only
[10:25] {magoo} i using $NDX
[10:25] {BillyD} i will switch back
[10:25] {BillyD} just kidding
[10:25] {Threei} try Qs magoo, if today is any indication it works more timely
[10:26] {dptl} i use qqqq and spy
[10:26] {Threei} current is ?sp7u?
[10:26] {Threei} sorry, /SP7U
[10:27] {magoo} bidu going well over 195 soon...imho...risky
[10:28] {magoo} point bnidu in a second
[10:40] {Threei} jerky market here
[10:44] {magoo} yeah
[10:47] {magoo} 129 comith...risky..needs mkt help
[10:47] {magoo} wants it bad
[10:47] {magoo} in 127 .90
[10:49] {Threei} I inhaled
[10:53] {magoo} covered ,33
[10:53] {Threei} exhailed
[10:53] {Threei} thank you, almost chocked
[10:53] {magoo} WOW...u must be purple
[10:54] {Threei} beyond
[10:54] {dptl} lol
[10:54] {Threei} blue
[10:54] {Threei} I know one day you are going to cause me a heartattack
[10:54] {magoo} am i in your will?
[10:55] {Threei} no, you are in my "look here" list for investigators of my untimely departure
[10:56] {magoo} he he
[10:56] {magoo} was a good out brtw
[10:56] {Threei} you are number 2 in the list actually
[10:56] {Threei} good is unsderstatement of the day
[10:56] {magoo} roman number 1?
[10:57] {Threei} no, number 1 is firmly held by Angelina Jolie... sorry
[10:58] {Roman} :)
[10:58] {Threei} Ben Affleck just doesn't do it for me
[11:15] {Threei} flatline...
[11:40] {magoo} .
[11:40] {BillyD} :)
[11:54] {esemde} Have a great rest of the day everyone.....have more work to do on my kitchen
[11:54] {BillyD} cya ese
[11:54] {esemde} see ya Billy
[12:15] {Roman} having internet problems guys, see u tomorrow
[12:17] {Threei} CFC
[12:17] {Threei} .50 breakdopwn worth a try on short side
[12:18] {Threei} .65 nearest resistance
[12:26] {BillyD} still valid
[12:27] {Threei} I think so
[12:27] {BillyD} see what it does here
[12:30] {Threei} market picks up strength
[12:30] {Threei} no shorting
[12:34] {Threei} watching NVDA for .50long entry on the next NASDAQ push
[12:34] {Threei} half lot
[12:35] {Threei} aggressive entry should be timed with market
[12:36] {Threei} going to try that if NQ spikes
[12:36] {Threei} in
[12:36] {Threei} .33, a little late but not by much
[12:37] {Threei} .25 stop
[12:37] {magoo} in
[12:38] {Threei} come on NQ, break 1920
[12:40] {Threei} out
[12:40] {Threei} sigh
[12:53] {BillyD} bye all cya tomorrow
[12:54] {Threei} take care Billy
[12:54] {Threei} thank you all, have a good evening
[12:54] {Threei} see you tomorrow