Wednesday, August 22, 2007

August 22, 2007

Session Start: Wed Aug 22 00:00:00 2007

Session Time: Wed Aug 22 00:00:00 2007

[05:28] {magoo} morning
[05:29] {BillyD} magoo :)
[05:36] {esemde} morning Billy , morning magoo
[05:43] {BillyD} ese :)
[05:46] {esemde} etrade and ameritrade merger....
[05:55] {esemde} well ....you alll are up early...and finally for a change i am.
[05:56] {magoo} :)
[06:05] {Threei} not all...
[06:05] {Threei} I for one don't wake up till noon
[06:06] {Threei} eventhough I talk and walk
[06:06] {magoo} morn vad
[06:06] {Threei} magoo :)
[06:08] {gabby} good morning all
[06:09] {Threei} gabby :)
[06:09] {BillyD} morning all
[06:09] {Threei} Billy :)
[06:10] {cosmo} zzzzz
[06:10] {cosmo} are we there yet?
[06:11] {Threei} where is there?
[06:12] {cosmo} that's just a technocallity
[06:14] {cosmo} its actually.... a non-local phenomena
[06:14] {cosmo} raven understands
[06:14] {cosmo} i think
[06:14] {Threei} {Raven} huh?
[06:14] {Raven} And good mornink all }
[06:14] {Raven} ??
[06:15] {Threei} there
[06:15] {Threei} hi :)
[06:15] {Raven} it gets stranger by the day ...
[06:15] {Raven} :)
[06:15] {Threei} and just when you thought there is no way it could
[06:15] {Raven} sigh
[06:15] {Threei} curioser and curioser
[06:15] {Raven} arghh
[06:15] {cosmo} there = here +t
[06:15] {magoo} why TWB crushed?
[06:16] {Threei} 07:55am [TWB] Reports Q2 $0.07 v 0.15e, R $213.7M v 211.9Memore.. - Reports Q2 SSS -2% - Guides Q3 EPS $0.40 - 0.45 v $0.65e - Guides Q4 EPS $0.94 - 1.04 v $1.01e - Guides FY08 EPS $1.80-1.95 v 2.23 (Previously guided $2.10-2.25) - The principal reason for the comparatively lower forecasted range of earnings is a revised estimate of the calendar shift on the company''s quarterly sales and earnings comparisons.
[06:18] {cosmo} efut
[06:18] {BillyD} Vad is that from TTN
[06:18] {Threei} yes
[06:18] {BillyD} 1 susscriber
[06:18] {BillyD} sub
[06:18] {Threei} who?
[06:18] {BillyD} you
[06:19] {Threei} yeah right
[06:19] {magoo} ty
[06:19] {Threei} yw
[06:19] {BillyD} does it have stuff from Dow Jones
[06:19] {BillyD} or they resad and rehash
[06:19] {BillyD} read
[06:19] {Threei} UI am not sure what wire they get news from but it seems timely
[06:21] {Threei} my take is,
[06:22] {Threei} I doubt I'd go for audio version for the price, I just don't believe in fast trigger contests based on 10 seconds delay of text vs audio, counting on trader's ability to grasp the news in a few seconds of listening, eneter the symbol, evaluate the chart, volume etc
[06:23] {Threei} but if your style of trading requires being aware of news
[06:23] {Threei} and desirably right away when news is out,
[06:23] {Threei} text version is quite useful
[06:24] {Threei} it's comprehensive, there is a good coverage of general market happenings on top of stock-specific stories,
[06:24] {Threei} program is compact, runs smoothly
[06:24] {Threei} gives audio signal when new headline appears
[06:25] {Threei} e-mail with market outlook, for both US and foreign
[06:25] {Threei} all this for under 50/month looks reasonable to me
[06:26] {BillyD} agree
[06:26] {Threei} if you decide to trial it, use a banner in members page
[06:27] {Threei} where you get by logging in
[06:27] {BillyD} ok
[06:28] {cosmo} TECD
[06:28] {cosmo} pre mkt high = 39.51
[06:28] {cosmo} should test it
[06:29] {cosmo} fwiw
[06:29] {BillyD} nice little drop
[06:29] {cosmo} that's prolly my fault
[06:29] {BillyD} lol
[06:29] {Threei} I think I'll need to do a blog post on trading the news
[06:30] {BillyD} good idea imo]
[06:30] {Threei} getting asked about that often enough to warrant some blurb
[06:31] {Threei} amazes me how many people think that if they get news right the moment news is out, they are golden and can make money consistently just by enetring quickly
[06:33] {Threei} watching XING
[06:33] {Threei} 10 long if stays above .85
[06:35] {Threei} JSDA 10.75 long half lot if keeps above .55
[06:39] {Threei} JNPR .63 long if stays above .50
[06:41] {Threei} .59 stubborn seller JNPR
[06:41] {Threei} should jump if he goes away
[06:42] {Threei} JSDA stop to .64
[06:45] {Threei} let's adjust JNPR a bit: .60 meltdown is long trigger
[06:48] {Roman} long XING
[06:49] {Roman} 9.49 1/3 size
[06:49] {BillyD} mkt needs to bounce here
[06:50] {Roman} CPHD
[06:50] {Roman} short small
[06:50] {Roman} 18.94 area
[06:52] {Roman} u guys still in JSDA?
[06:52] {Threei} nope
[06:52] {Roman} in LOCM again small 5.10
[06:52] {Roman} slow
[06:55] {Threei} HGSI9.10 long for a scalp if stays above 9
[06:56] {Threei} nice entry XING Roman
[06:57] {Roman} ty
[06:58] {Threei} OPEC MAY ACT TO RAISE OIL OUTPUT LATER THIS YEAR IF IT KEEPS PRODUCTION STEADY AT SEPT MEETING - WIRE CITING DELEGATE{USO OIH}
[06:59] {Threei} there is enough oil, you can sleep well
[06:59] {Threei} grrr JSDA
[07:01] {Roman} out 1/2 XING +18
[07:01] {Roman} COGO
[07:01] {Roman} feels higher
[07:02] {Roman} watching CYBS
[07:02] {Roman} it's internet security play, may get some interest
[07:03] {gabby} out ZING tks roman
[07:06] {Roman} ok
[07:06] {Roman} SNDA ?
[07:06] {Roman} too late
[07:07] {Roman} HGSI still valid VAd?
[07:07] {Threei} barely
[07:07] {BillyD} lol
[07:09] {Roman} UPDATE - Hana anti-cancer drug gets FDA fast-track; shares up
[07:09] {Roman} at Reuters (Wed 9:04am)
[07:09] {Roman} earlier
[07:09] {Roman} for HNAB
[07:10] {Roman} HNAB on radar
[07:12] {Threei} wait for me couple min, I'll go suffocate myself (re: JSDA)
[07:16] {Roman} PZN
[07:16] {Roman} POZN
[07:16] {Threei} BOA COMMENTS THAT MERGER DEAL BETWEEN AMTD/ETFC IS UNLIKELY (TIMING UNCERTAIN){ETFC}
[07:18] {Roman} HGSI?
[07:18] {Threei} no read
[07:18] {Threei} drops, jumpsa
[07:18] {Threei} {shrug}
[07:18] {Threei} I prefer more clean setup, this is recipe for being shaken out
[07:19] {BillyD} not many clean ones so far
[07:24] {Threei} AMTD... .80 short
[07:24] {Threei} .06 stop/invaliadting level
[07:25] {Threei} or 17.01, hard to twell which is more valid
[07:25] {Threei} ugh, firast one read as .96 instead of .06
[07:25] {BillyD} was wondering
[07:25] {Threei} fat fingers
[07:25] {BillyD} no oxygen from suffocation
[07:26] {Threei} that too
[07:26] {Threei} but very nicwe bluish complexion
[07:26] {BillyD} maybe aggressive short
[07:27] {BillyD} these mergers can't tell if good or bad
[07:28] {BillyD} swhort little here .97 for scalp
[07:30] {Threei} oil numbers
[07:31] {Threei} *DOE CRUDE: +1.9M V -2.75ME; GASOLINE: -5.7M V -800KE; DISTILLATES: +1.3M V +850KE; UTILIZATION: 91.6% V 92.1%E
[07:31] {Threei} Crude: +2.55M
[07:31] {Threei} Distillate: -1.1M
[07:31] {Threei} Gasoline: -4.63M
[07:32] {Roman} buy sell short
[07:32] {Threei} non event
[07:32] {Threei} AAPL long small shares
[07:32] {Threei} .25 trigger
[07:33] {Threei} stop under 131
[07:34] {BillyD} out amtd -}05
[07:36] {dptl} good morning all
[07:36] {Threei} dp :)
[07:37] {Threei} magoo... I know you are in AAPL
[07:37] {magoo} yes
[07:37] {Threei} half out at least here
[07:38] {Threei} it looks very good but market is so jwerky
[07:38] {Threei} just must protect profit
[07:38] {magoo} i really feel 132 23 area vad
[07:39] {magoo} oiut .69
[07:39] {magoo} ty
[07:39] {Threei} welcome
[07:39] {magoo} ut stalkingy
[07:40] {Roman} long LEND small
[07:40] {Roman} 6.12 , slow
[07:41] {Roman} could be all day hold
[07:49] {magoo} in aapl rd duex @ .45
[07:51] {magoo} gonna wait @ 132.28
[07:56] {Threei} ALAN GREENSPAN DENIES RUMOR REGARDING HIS STATEMENTS AT A DEUTSCHE BANK DINNER SUGGESTING HE WOULD HAVE ALREADY CUT THE FED FUNDS RATE IF HERE WERE STILL HEADING THE FOMC
[07:56] {Threei} sigh
[07:58] {magoo} stopped sifgh
[07:58] {Threei} market drop killed it
[07:58] {Threei} can't count on confident continuation these days... for a coluple weeks more it's mostly scalping
[08:01] {Roman} cover 1/2 CPHD +.19
[08:02] {Roman} looking to cover remaining near 18.1
[08:04] {Threei} nice LEND
[08:08] {Roman} CROX
[08:09] {Roman} could be a decent bounce area
[08:09] {Roman} bidding 56.9
[08:09] {esemde} OK back online...damn i hate that when my computor gives out
[08:10] {Threei} what's with it?
[08:10] {esemde} I bought it about 4 years ago from the ch guy at my high school
[08:10] {Roman} clear bid CROX
[08:11] {esemde} and i don't have the product key for the operating system
[08:11] {Threei} SIGM small shares long if breaks .50
[08:12] {esemde} so it won't install updates etc etc and so it 's crashing more....will be getting a new one for sure this year
[08:13] {Roman} u guys playing AMTD?
[08:14] {Threei} .80 break probably worth a try short
[08:15] {Threei} feel free to take SIGM profit
[08:15] {BillyD} nice call...not in
[08:16] {Threei} thanks for LEND Roman
[08:16] {magoo} missed entry too...it jumped thru
[08:16] {Threei} I got .55
[08:16] {BillyD} you chaser lol
[08:16] {Threei} on 300 shares...
[08:16] {BillyD} you lucky to get that eh
[08:17] {Roman} FLML
[08:18] {Roman} long setup, possible sqeezer
[08:18] {BillyD} Vad, if AMTD holds under .90 and breaks .80 should work
[08:19] {Threei} it's a valid setup
[08:19] {Roman} long FLML 13.14 area 1/3 size
[08:19] {Roman} MPEL interesting
[08:19] {Threei} after that, it's all in hands of trading gods
[08:19] {BillyD} always is
[08:21] {Roman} out remaining XING
[08:21] {BillyD} mkt a bit whippy today
[08:24] {Roman} N.Y Thruway travel plaza near Albany is closed A.P says- Bloomberg
[08:28] {Roman} SMSI
[08:28] {Roman} vol to inc , IMO with spike
[08:31] {Roman} FLML stopped small size -.25
[08:38] {magoo} vad, how do i change a chart symbol again, i know its easy
[08:38] {Threei} just click on chart window and type :)
[08:39] {magoo} sheesh....SIGH
[08:39] {magoo} THANX
[08:39] {BillyD} lol
[08:39] {BillyD} fall AMTD
[08:41] {magoo} too funny huh vad?
[08:42] {magoo} me technio idiot
[08:42] {BillyD} nah...just short memory
[08:42] {Threei} :)
[08:44] {magoo} riski..bidu going over 206
[08:44] {magoo} in
[08:44] {magoo} small
[08:45] {magoo} needs mkt help, like aapl
[08:47] {magoo} long trigger AAPL .64 to go neatr/above 132
[08:47] {magoo} in it aggressive
[08:48] {Threei} ese, look dcc please
[09:00] {Threei} AMTD broke down
[09:01] {BillyD} been short for a while at .80
[09:01] {magoo} holding u prisner?
[09:02] {BillyD} yup
[09:05] {BillyD} all I'm looking for is a scalp
[09:07] {Threei} CLDA??
[09:07] {Roman} LOCM starting a bit
[09:12] {Threei} AMTD bounces are pathetic while market upticks... needs to run out of supporters
[09:13] {Threei} wow LOCM
[09:13] {BillyD} ty......it is pathetic
[09:13] {Threei} nailing them well Roman
[09:14] {BillyD} Roman has a way of finding the beginning of the low volume moves
[09:16] {Roman} i think 5.8
[09:16] {Roman} out some from 5.1 area
[09:17] {Roman} but bidding 5.29
[09:18] {Threei} good boy AMTD
[09:19] {BillyD} 3 cent excitement
[09:19] {Threei} hey, I am a modest man
[09:19] {BillyD} have to be with this one
[09:23] {Threei} good morning Chaeron
[09:23] {Threei} happy man
[09:23] {Threei} who can sleep in every day
[09:25] {Threei} hey, it's 5 cents excitement now
[09:25] {BillyD} woohoooo
[09:25] {Threei} there
[09:25] {Threei} that's the spirit
[09:25] {Threei} 9 cents
[09:25] {Threei} 10
[09:26] {Threei} see?
[09:26] {BillyD} yes
[09:26] {Threei} excitement doubles quickly
[09:26] {Threei} bidding .64
[09:26] {BillyD} out 1/2 +.14
[09:28] {Threei} out 3/4
[09:29] {Threei} bidding .55 last portion
[09:29] {BillyD} out more .61
[09:30] {BillyD} out rest .57
[09:30] {Threei} done
[09:30] {BillyD} nice job
[09:30] {Threei} ty sir
[09:30] {BillyD} that dog paid to be patient
[09:30] {BillyD} now die XING
[09:32] {BillyD} spike down
[09:35] {Threei} wow AMTD
[09:35] {BillyD} it's not right
[09:36] {Threei} no.... but that'll teach you all to mock my calls
[09:36] {BillyD} where's Roman...goverment needs to reimburse my lost profitsa
[09:36] {Threei} and acknowledge theit sheer brilliance
[09:37] {BillyD} superb
[09:37] {Threei} lol
[09:37] {BillyD} can ya tell us next it will take forever
[09:38] {BillyD} next time
[09:39] {Threei} nope
[09:39] {Threei} I have to keep the suspence
[09:39] {BillyD} whenever I see your calls like JNPR long....I say how long and can I do it if neccessary
[09:43] {Threei} LOCM is breaks .50, may do just what Roman said
[09:43] {Threei} risky
[10:03] {magoo} .
[10:03] {magoo} got duisconnected
[10:04] {Roman} got nothing to eat at home, going to grab some lunch, u guys want anything?
[10:05] {magoo} cold beer please
[10:05] {dptl} chiken wings for me pls
[10:05] {BillyD} have cookies here
[10:05] {Roman} damn, orders are coming in
[10:05] {Roman} did not expect such QUICK response
[10:06] {BillyD} you command it
[10:06] {Roman} usually takes a few minutes for peope to reply
[10:06] {BillyD} with food of course
[10:06] {dptl} you wake everybody up Roman
[10:17] {Threei} beer talk reminded me
[10:17] {Threei} Give a man a fish and he will eat for a day. Teach him how to fish, and...
[10:17] {Threei} he will sit in a boat and drink beer all day
[10:20] {BillyD} no comment
[10:20] {dptl} lol
[10:20] {BillyD} at a loss for words
[10:20] {magoo} roflol
[10:21] {Threei} this one I need to remember:
[10:21] {Threei} A closed mouth gathers no foot
[10:21] {BillyD} lol
[10:22] {BillyD} SMSI possible breakdown
[10:22] {BillyD} hard to say
[10:23] {Threei} funny NQ chart today
[10:23] {BillyD} like a gazelle
[10:23] {Threei} no slightest patterns, like 1 year old got a crayon
[10:38] {esemde} VAD..dcc
[10:38] {Threei} yes
[10:45] {Threei} ok Roman, fess up
[10:45] {Threei} how do you do it... re: LOCM
[10:46] {Threei} grrr
[10:46] {Threei} [13:20] -RealityTrader.chat.server- *** Notice -- Client exiting: Roman (RealityTra@209.42.58.999) [Connection reset by peer (TCP/IP connection broken)]
[10:51] {magoo} hes out getting our lunch order
[11:00] {Threei} if LOCM holding above .50, see whether you can grab last shares at .57 should it get hit
[11:00] {Threei} for a quick scalp
[11:17] {Threei} OK guys, unfortunately my daughter's visit is over... gotta drive her to airport
[11:17] {magoo} ty vad, take care
[11:17] {Threei} should be back before day is over
[11:18] {Threei} but just in case flight gets delayed, see you tomorrow
[11:19] {esemde} see ya Vad
[11:19] {esemde} i'm signing off as well....drywall guys are here doing my kitchen...
[12:00] {dptl} have a good evening all
[12:00] {BillyD} bye dp
[12:01] {dptl} see ya Billy
[12:09] {Threei} OK, who hoped not to see me anymore today, you can get disappointed now
[12:09] {BillyD} oh man
[12:09] {Threei} lol
[12:09] {magoo} drats
[12:10] {BillyD} everything is fickle it seems
[12:10] {BillyD} at least the ones I'm watching
[12:11] {Threei} TRMB small shares long above .20
[12:11] {Threei} .04 stop
[12:13] {Threei} for patient ones, TELK, 3.11 long with 3.04 stop
[12:13] {BillyD} ty
[12:24] {Roman} BAMM reported
[12:25] {Roman} i think fresh
[12:25] {Roman} BAMM Books-A-Million $0.19 vs $0.17 single estimate; revs $132.8 mln vs $129.80 mln single estimate (13.82 +1.25)
[12:25] {Roman} want to see it break 14
[12:25] {Roman} first
[12:30] {Chaeron} .
[12:30] {Threei} good point
[12:30] {Chaeron} thanks... brings me to my second point ..
[12:31] {Threei} very fine one, too
[12:31] {Chaeron} frpt
[12:34] {Threei} TRMB stop to .15
[12:35] {BillyD} kid has the crayon out again
[12:35] {Threei} lol
[12:45] {Threei} always hated Ameritrade... who would have thought it could deliver best profit of the day
[12:45] {BillyD} yeah....was thinking it performed most normally once it moved
[12:46] {BillyD} had to fight for scalps on everything else
[12:51] {Threei} Ok guys, no more for today
[12:51] {Threei} TELk can wait till tomorrow
[12:51] {BillyD} wierd day but still some profit
[12:51] {Threei} thank you all, have a great evening
[12:52] {BillyD} thx Vad