Session Start: Fri Oct 12 00:00:00 2007
Session Time: Fri Oct 12 00:00:00 2007
[04:05] {KSystems} Hey...
[05:33] {Peter} good morning all
[05:35] {bruce} morning all
[05:37] {Threei} Good morning RT'
[05:38] {Threei} KS! long time no see
[05:39] {cosmo} 3i... have you checked what your competition is up too lately?
[05:39] {cosmo} http://www.dailymail.co.uk/pages/live/articles/technology/technology.html?in_article_id=487039&in_page_id=1965
[05:40] {Threei} hmmm... I better hurry and come up with 4th eye it seems
[05:41] {Threei} *SEPT PRODUCER PRICE INDEX M/M: 1.1% V 0.5%E; PPI EX FOOD_ENERGY M/M: 0.1% V 0.2%E
[05:43] {Threei} PRICE TARGET RAISED TO $25 FROM $20 AT THINKEQUITY; MAINTAINS BUY RATING
[05:43] {Threei} funny guys... 20 is reached, let's raise the target
[05:43] {Threei} GIGM
[05:44] {cosmo} CWTR warns....looks underwater
[05:45] {Threei} downgraded by no less than 4 brokers
[05:46] {cosmo} .. i'll wait for more...
[05:46] {Threei} CNIC has the audacity to gap up
[05:47] {Threei} I don't see news
[05:47] {cosmo} Copernic Upgrades Private Label Program for Desktop Search with Enhanced Advertising Features
[05:47] {cosmo} Marketwire (Fri 8:00am)
[05:48] {Threei} ty
[05:48] {Threei} fluff I think
[05:48] {cosmo} :)
[05:48] {cosmo} it gives warmth
[05:48] {Threei} or I just can't overcome preconciieved notion about this one
[05:49] {magoo} morening rt
[05:49] {Threei} magoo :)
[05:50] {cosmo} ORCL wants BEAS
[05:52] {Threei} for real or "as rumor has it"?
[05:52] {cosmo} checking
[05:52] {Threei} gap is impressive
[05:52] {cosmo} but flat
[05:52] {cosmo} so far
[05:53] {cosmo} 18.17 high
[05:53] {Threei} oh, for real
[05:53] {magoo} PLCE gapper bigc
[05:53] {Threei} 06:30am [BEAS] Oracle Letter Proposes to Buy BEA Systems for $17.00 per Share in Cash
[05:53] {magoo} no volume yet tho
[05:54] {cosmo} hmm...maybe BEAS wants more
[05:55] {Threei} 02:22am [PLCE] NY Times reporting that former CEO Ezra Dabah sends letter to acting chairperson that resignation was a 'power play'
[05:57] {esemde} good morning everyone.....
[05:57] {Threei} ese :)
[05:57] {bruce} hi ese
[05:58] {esemde} anything exciting
[05:58] {esemde} bruce vad
[05:58] {esemde} magoo cosmo
[05:59] {cosmo} BEAS are buzzing
[05:59] {magoo} ES bruce cos:)
[05:59] {markweb} gm all
[05:59] {Threei} mark :)
[06:00] {markweb} :)
[06:01] {_Diane} Goog Morning everyone
[06:01] {esemde} orcle thinkin to buy BEAS.....hmmmmmmm
[06:01] {Threei} diane :)
[06:01] {esemde} you start that rumor cosmo.......
[06:02] {esemde} and a good rumor it is tooooooo
[06:02] {cosmo} no... i'm just the messenger
[06:02] {magoo} we have to be xtra careful today...that selloff was brutal...boyz will be quick to dump
[06:02] {bruce} morning mark, diane
[06:02] {Threei} rings true magoo
[06:02] {magoo} on another note...might be good short potential after spike or run ups
[06:02] {markweb} bruce:)
[06:03] {magoo} diane mark :)
[06:03] {markweb} :)
[06:04] {esemde} thats a ton of shares already premarket 34 mil.....
[06:04] {cosmo} geez BEAS... somebody check the boards .... i can't anymore...
[06:04] {cosmo} they drive me nuts
[06:05] {Threei} it's trading above the offered price
[06:05] {magoo} yeah..its done in my opinion
[06:05] {Threei} so, most likely it's speculation about how negotiations will go
[06:07] {esemde} is athere a buy out price for BEAS shares?
[06:07] {cosmo} $17
[06:08] {Threei} [08:53] {Threei} 06:30am [BEAS] Oracle Letter Proposes to Buy BEA Systems for $17.00 per Share in Cash
[06:08] {Threei} [08:53] {magoo} no volume yet tho
[06:08] {dptl} good morning all
[06:08] {markweb} dp:)
[06:08] {esemde} dp mark
[06:09] {Threei} dp :)
[06:11] {bruce} hey dp
[06:13] {Threei} yesterday's candle on CTEL chart looks from some other universe, lol
[06:14] {esemde} does it ever...
[06:15] {Threei} FED'S BERNANKE: SAYS INFLATION AND ECONOMIC VOLATILITY HAS DECREASED OVER THE LAST 25 YEARS, NO COMMENT ON INTEREST RATES
[06:15] {Threei} how very useful
[06:15] {cosmo} what's he say about BEAS, then?
[06:15] {Threei} I mean, I couldn't sleep at night, torturing myself with attempts to figure out what happened to inflatuion over last 25 years
[06:16] {Threei} now I know
[06:17] {magoo} citi group downgraded to sell, target 44..this is a dino play
[06:17] {esemde} you are now a well informe trader VAd
[06:17] {Threei} yup
[06:19] {Threei} PPI numbers probably fuel speculations about future rate cuts
[06:23] {Threei} FED'S FISHER: MAKES NO COMMENT ON ECONOMIC OR INTEREST RATE POLICY IN OPENING REMARKS
[06:24] {Threei} what is he good for then
[06:24] {Threei} oh well, maybe in closing remarks
[06:31] {Roman} observing JADE
[06:31] {Roman} had earnings yesterday
[06:32] {magoo} u missed JADE yesterday rfr..big player
[06:32] {Roman} GIGM also interesting
[06:32] {Roman} i was swinging it
[06:32] {Roman} still in it
[06:32] {magoo} just meant it was moving
[06:32] {Roman} yeah, i noticed near 7.5
[06:32] {bruce} cwtr long?
[06:33] {Threei} XIDE half lot long if 8.08 gets hit and stays above 7.90
[06:33] {magoo} man vad..nop volume
[06:33] {Threei} CWTR, if breaks 8.50
[06:35] {ramvfin2003} vad CWTR short?
[06:35] {Threei} if breaks .50, long
[06:35] {Threei} most likely scalp only
[06:35] {cosmo} 8.50 test
[06:36] {magoo} in
[06:36] {Threei} half out .70
[06:36] {Threei} scalpers take profit
[06:37] {Threei} .45 stop for the balance
[06:38] {magoo} god dammit
[06:38] {magoo} keep missing exits this week
[06:38] {magoo} was waiting /73
[06:41] {Threei} SEED, see if it bounces closer to 11.50 to short small shares
[06:43] {Threei} if no bigger bounce than what we have now, then short with 10.90 trigger
[06:43] {magoo} let me know entry
[06:43] {magoo} if u take
[06:43] {Threei} small shares, volatility is big on this one
[06:44] {magoo} well, it didn;t near .59
[06:44] {magoo} u in??
[06:44] {Threei} [09:42] {Threei} if no bigger bounce than what we have now, then short with 10.90 trigger
[06:44] {Threei} in
[06:44] {cosmo} BEAS holds 18 so far
[06:45] {cosmo} CNBC hyping now
[06:45] {Threei} stop above 11.20
[06:49] {Threei} CRDC
[06:49] {cosmo} BEAS 18 test
[06:49] {Threei} stopped SEED
[06:49] {magoo} stopped 0 for 2
[06:49] {magoo} pissed off
[06:50] {Threei} relax and chill out befoe your next trade
[06:50] {_Diane} long SEED?
[06:50] {Threei} no
[06:50] {magoo} CWTR pissed me ohff BIG
[06:51] {Threei} CWTR worked as it should, I said it was scalp most likely...
[06:51] {ramvfin2003} bad day so far for me...:(
[06:51] {Roman} GLBL
[06:51] {magoo} not u...me...all week i missed probably 6 exits..cost me bifg
[06:51] {ramvfin2003} im with u mags....missed CWTR waiting for .74
[06:51] {magoo} i have post it on computer this morn...do NOT miss exit
[06:52] {magoo} miss fisrt one..i an IDIOT'
[06:52] {magoo} laying out..but not filling..a lil too high
[06:52] {Threei} you don't obtain your best exit, OK - but why let winner turn into loser
[06:53] {magoo} i know i know thats why i pissed
[06:53] {Roman} COGO feels long
[06:53] {Threei} you have quick sell enabled, hit it if stock reverses
[06:53] {magoo} I KNOW ITS ME OFF this WEEK for some reason
[06:54] {ramvfin2003} mags, look at bright side....its friday....clear your head this weekend relax next week we rock
[06:55] {esemde} still watching XIDE VAD.....
[06:55] {Threei} not picking up interest ese... most likely dead
[06:55] {Roman} GIGM
[06:55] {Threei} KLAC
[06:55] {Roman} long 20.90 area
[06:55] {Threei} half lot long .20
[06:57] {ramvfin2003} in KLAC .20
[06:57] {markweb} KLAC stop?
[06:57] {Threei} 52.99
[06:57] {markweb} ty
[06:58] {Roman} SWHC long small
[06:58] {Roman} 21.46 small lot will add another on pullback
[06:59] {ramvfin2003} vad target on KLAC?
[07:00] {Roman} ECONX Business Inventories +0.1% vs +0.2% consensus
[07:01] {Threei} it's NQ-dependent stock ram... hard to tell, let' go with the flow
[07:06] {Threei} NQ is likely to break 2180 now
[07:06] {Threei} GIGA?
[07:06] {Roman} GIGA on radar
[07:07] {Threei} I don't see news
[07:08] {_Diane} thinking about going long the qqqq
[07:09] {Threei} CNBC'S FABER REPORTS BEAS PLANS TO TELL ORCL THAT ITS $17/SHR OFFER IS TOO LOW
[07:10] {magoo} nice alert GIGA guys...magoos BACK :)
[07:10] {magoo} outb .84
[07:12] {Threei} really expected much more from KLAC
[07:13] {ramvfin2003} stopped on KLAC :(
[07:14] {Threei} GIG, 4.40 should set it on fire again
[07:14] {Threei} GIGA
[07:14] {Threei} gotta be quick on this one
[07:14] {Threei} anyone got it?
[07:15] {ramvfin2003} in .40
[07:15] {Threei} offer it out into spikes, don't oversit
[07:15] {Threei} it went to .70 after the break
[07:16] {Threei} becomes thicker now
[07:20] {Peter} EK
[07:22] {esemde} half lot long CTEL .70
[07:23] {Threei} JAVA nice daily chart... stock is too narrow for my taste for intraday trading, swing traders may be interested
[07:24] {_Diane} BRCM long if it rebounds off support
[07:24] {Threei} not sure diane, this group doesn't behave today
[07:25] {Threei} scary trade: HOKU .15 long
[07:25] {Threei} small shares
[07:25] {Threei} stop under 9.90
[07:26] {Threei} if sets up from here, stop under 10
[07:27] {Threei} one more scary candidate, CPSL
[07:28] {Threei} same prices for setup
[07:28] {Threei} as HOKU
[07:32] {magoo} long GIGA .50 RISKY
[07:32] {magoo} i mean if it takes it
[07:34] {_Diane} giga forming cup?
[07:34] {Threei} GIGA is pure momo
[07:35] {Roman} long CHN
[07:35] {Roman} CHNR
[07:35] {Roman} super small
[07:35] {Threei} 3 shares?
[07:35] {Roman} 100
[07:36] {Threei} that's just small... not super small :)
[07:37] {esemde} OUT CTEL .50 -.20 just wanted to try it
[07:37] {esemde} think it's going to be a short though
[07:38] {magoo} stopped GIGA - .15..m
[07:39] {Roman} ALTI vad?
[07:40] {Threei} feels like just a little bounce after selloff into support...
[07:41] {esemde} hey dino....does CTEL looki like a classic short pattern
[07:42] {esemde} working it's way down to 10.00
[07:42] {magoo} dino??
[07:42] {Threei} LLNW
[07:43] {Threei} small shares long on .75 break
[07:43] {esemde} don't see dino's name on list....must not be with us today
[07:43] {Threei} he is on vacation ese
[07:43] {Threei} slacker
[07:44] {ramvfin2003} vad stop on LLNW?
[07:44] {Threei} we get biggest one day selloff of the year, and our resident shorter is off
[07:44] {magoo} u believe that...lol
[07:44] {Threei} not clear yet, will deopend on the low of this pullback
[07:44] {esemde} man.....the one day I need his advice,,,,,,,,and what happens....hmmmmmmmm
[07:47] {Threei} ADBE .21 long if stays above 46
[07:47] {bruce} cwtr short?
[07:47] {Threei} LLNW invalidated
[07:48] {Threei} if breaks low bruce... stop 8.01
[07:48] {bruce} thanx
[07:48] {dptl} got to leave early......have a good weekend all...see ya monday
[07:48] {ramvfin2003} i CWTR .86
[07:49] {Threei} take care dp
[07:49] {esemde} see ya dp
[07:50] {esemde} take a look at ORBC for me VAD
[07:50] {bruce} byedp
[07:50] {esemde} flat line against the highs
[07:50] {magoo} bye dp
[07:51] {Threei} chart is right ese... lack of activity is bothersome
[07:51] {Threei} trades by appointment
[07:52] {esemde} by appointment.....ha ha ha....ok...that one made my day
[07:52] {Threei} ADBE stop is .09
[07:52] {ramvfin2003} anyone short CWTR?
[07:53] {esemde} not I
[07:53] {ramvfin2003} l ADBE .20
[07:53] {Threei} CWTR 1:1 reached
[07:54] {ramvfin2003} covered CWTR +.11
[07:54] {_Diane} flex
[07:55] {Roman} IFON radar
[07:56] {_Diane} jbht
[07:56] {Threei} news IFDON?
[07:56] {ramvfin2003} i dont see any vad
[07:57] {magoo} giga bothers me
[07:57] {magoo} feels not done
[07:57] {magoo} tough trader
[07:59] {Threei} really feels like 5 is in cards magoo
[07:59] {_Diane} CTEL
[08:00] {ramvfin2003} l GIGA .87
[08:00] {magoo} i took it .49 and out now .89
[08:00] {Threei} you are chasing ram... again
[08:00] {magoo} but, too risky for call..didn't wantr anyone lose again on it
[08:01] {magoo} my first try stopped
[08:01] {magoo} where would u reenter it vad? any read
[08:01] {Threei} what read, pure momo
[08:02] {Threei} foam at mouth is your only indicator
[08:02] {ramvfin2003} out ADBE
[08:02] {magoo} anyone go IFON?
[08:02] {Roman} i am in IFON
[08:02] {magoo} where bro?
[08:02] {Roman} 2.74
[08:03] {Roman} COGO starting
[08:03] {Roman} slow one
[08:03] {magoo} ty
[08:03] {magoo} KLAC trying vad
[08:03] {magoo} any read?
[08:03] {Threei} 'no, hate the way this sector acts today
[08:04] {magoo} agree
[08:05] {magoo} just thinking out loud..not advice for trade here
[08:05] {magoo} BUT
[08:05] {magoo} i think 100 shares short BIDU sometime today could rack up 10 points..NOT IN
[08:06] {Roman} in GOAM
[08:06] {Roman} 5.90 1/2 size
[08:06] {magoo} i think it will sell hard sometime, 100 controls risk...not yet tho
[08:06] {Roman} that one looks good
[08:10] {Threei} nice IFON
[08:10] {magoo} NICE IFON rfr
[08:10] {magoo} lol vad
[08:10] {magoo} we think alike alot lately
[08:10] {ramvfin2003} any read vad?
[08:10] {Threei} that's truly scary magoo
[08:10] {Threei} on what ram?
[08:11] {ramvfin2003} ifon
[08:11] {magoo} i believe we addrssed this before he he
[08:11] {Threei} this is not a technical play ram
[08:12] {Threei} GIGA is ready for another round if breaks .80
[08:13] {Roman} long ALTI slow
[08:13] {Roman} 3.95 all day hold probably
[08:13] {magoo} stalking it vad
[08:13] {magoo} giga avail short lasserheads
[08:14] {magoo} consider that too vad later
[08:15] {magoo} SEED interesting
[08:15] {magoo} not in
[08:16] {Threei} your ORBC worked nicely ese
[08:17] {_Diane} VCLK
[08:18] {magoo} sh 100 bidu RISKY
[08:19] {esemde} yup just noticed that.....more where that came from
[08:21] {magoo} long seed .60
[08:21] {magoo} RISKY
[08:21] {magoo} out bidu..too early - .65
[08:23] {Roman} out CHNR +
[08:25] {_Diane} VCLK SHORT?
[08:26] {Threei} why?
[08:27] {magoo} CXHNR could go nuts ..NOT IN...RISKY
[08:27] {_Diane} ALMOST AT HIGH FOR THE DAY; REACHING RISISTANCE; WATCHING FOR DIP
[08:27] {magoo} chnr
[08:27] {Threei} turn off caps l,ock please diane
[08:27] {_Diane} oops
[08:27] {Threei} high for the day by itself is not a reason for shorting
[08:30] {magoo} seed coiling big time
[08:30] {magoo} 12 copmith
[08:31] {magoo} risky in
[08:32] {cosmo} copmyth?
[08:32] {magoo} lol
[08:32] {Threei} GIGA is getting ready
[08:32] {magoo} in GIGA
[08:32] {ramvfin2003} on break of .80 vad?
[08:33] {magoo} i took .71
[08:33] {Threei} yeah
[08:33] {bruce} .50stop?
[08:33] {magoo} aggressive entry
[08:35] {Threei} SNPS?
[08:37] {bruce} wind long?
[08:37] {Threei} BEAS ICAHN: HOPES THERE WILL BE OTHER BIDDERS FOR CO
[08:37] {Threei} half lot bruce
[08:38] {Threei} .15 stop
[08:38] {bruce} thanx
[08:38] {magoo} in
[08:38] {Threei} it looks good but it practically exhausted its usual range
[08:38] {Threei} so I ptrefer to keep it small
[08:43] {ramvfin2003} SEED?
[08:43] {magoo} i in seed .60...keep stop
[08:44] {magoo} dangerous stock
[08:47] {magoo} giga no work for my entry
[08:47] {Threei} HLYS, what's up?
[08:51] {ramvfin2003} DALLAS--(BUSINESS WIRE)--Dallas-based, Heelys, Inc. (NASDAQ: HLYS - News) introduces its broadest, most colorful line yet of popular wheel-in-the-heel footwear for 2008, including the company's first ever hiking-style boot, "Rumble," just in time for Holiday 2007.
[08:51] {ramvfin2003} all I could find
[08:52] {cosmo} wheel-in-the-heel?
[08:52] {magoo} my kids have them..CIOOL
[08:52] {cosmo} sounds like a bad dream
[08:52] {Threei} lol
[08:53] {magoo} home depot best store to use in
[08:53] {magoo} glide on nice concrete isles
[08:53] {cosmo} don't wear them there tho
[08:54] {ramvfin2003} the joys of having kids....cant wait..lol
[08:54] {cosmo} this is why i don't go out much ...anymore
[08:54] {cosmo} too dangerous
[08:58] {Threei} WIND works for scalpers
[08:59] {Threei} HLYS TICKING HIGHER ON TAKEOVER CHATTER
[09:01] {magoo} seed stopped - .20
[09:02] {ramvfin2003} HLYS play?
[09:03] {Threei} crapshoot... can go either way with the same chance
[09:05] {Threei} WIND HEARING STRENGTH BEING ATTRIBUTED TO RUMOR WIND COULD BE AWARDED A SOFTWARE CONTRACT RELATED TO THE GOOGLE PHONE
[09:05] {Threei} you still in guys?
[09:06] {bruce} no
[09:06] {bruce} damn
[09:06] {bruce} exited too early
[09:06] {Threei} don't know... I would be out here
[09:07] {Threei} you know... when explanations for the move start appearing, move it about done
[09:07] {Threei} it = is
[09:08] {esemde} long CVTX 9.45
[09:08] {Threei} btw, as if my nigerian luck was not enough, Ivory Coast granted me $15.5 mil today as well
[09:09] {esemde} gotta start spreading that around Vad
[09:09] {Threei} PARL TICKS HIGHER ON RENEWED TAKEOVER CHATTER- IPAR rumored as potential acquirer
[09:09] {Threei} rumor city today
[09:11] {Threei} I intend to ese... here and there I am also being granted modest donations and awards to the tune of 500 - 750K, I will donate thwem to various charities as soon as I collect all my money from Nigeria
[09:13] {Threei} BRCM bounce scalp candidate
[09:14] {Threei} .81 trigger, .74 stop
[09:14] {Threei} just a quick scalp most likely
[09:14] {ramvfin2003} in .80
[09:15] {Threei} if this one doesn't work, not touching techs today anymore
[09:17] {Threei} and work it doesn't
[09:17] {ramvfin2003} out
[09:22] {Threei} SCON lost its mind
[09:22] {Threei} again
[09:24] {Threei} BRCM shakes out, then jumps
[09:25] {bruce} hlys long?
[09:25] {Threei} BIOS
[09:25] {Threei} 7.50 break long
[09:26] {Threei} .25 if getting hit bruce...
[09:26] {Threei} voltile one
[09:27] {bruce} k
[09:27] {bruce} going to pass on it
[09:27] {Threei} yeah, I would too
[09:29] {Threei} VIDE REPORTS Q2 $0.13, R$3M UP 15% Y/Y
[09:30] {Threei} if 9 scrolls... risky one
[09:30] {Threei} can move big
[09:30] {Threei} both ways
[09:31] {_Diane} watching brcd
[09:34] {Threei} look at LDK
[09:35] {Threei} told you a few days ago, this stock is disaster waiting to happen
[09:36] {Threei} FORMER CONTROLLER HAS SENT MORE INFO TO THE SEC REGARDING CLAIMS - WSJ
[09:39] {Threei} feel free to take VIDE profit as you see fit
[09:40] {magoo} out here .75
[09:40] {magoo} TY nice
[09:40] {Threei} welcome sir
[09:42] {Threei} sooo... looks like no LDK holders want to stick around to find out what data that guy sends?
[09:42] {Threei} non-believers...
[09:42] {magoo} was avail short...no longer vad
[09:42] {Threei} no curiosity either
[09:42] {Threei} yes, I noticed
[09:49] {Threei} VIDE... I won't be surprized if it busts through 10 with vengeance
[09:50] {esemde} CNET nice run
[09:51] {Threei} what's with HLCS
[09:53] {_Diane} TIBX
[09:54] {bruce} osip long?
[09:55] {Threei} I'd try it aggressively bruce
[09:55] {Threei} .33
[09:55] {Threei} .19 stop
[09:55] {magoo} vad u talking HLCS?
[09:55] {Threei} no
[09:55] {bruce} thanx
[09:57] {Threei} dllr
[09:57] {esemde} hmmmmm seems like the market is moving a little now....
[09:57] {Threei} rewal question is,
[09:57] {Threei} is this just a natural bounce while overall rally is done
[09:57] {esemde} could be
[09:58] {Threei} or has market shrugged off yesterday's worries, whatever they were,
[09:58] {Threei} and will continue new highs
[09:58] {esemde} we'll never know for sure......
[09:58] {Threei} well... we will when market shows its intentions :)
[09:58] {esemde} very true
[09:58] {Threei} but at this point, open question
[09:59] {esemde} but until then ladies and gentlemen........I' must be off you all have a great weekend
[09:59] {Threei} you too ese
[10:00] {bruce} bye ese
[10:00] {esemde} see ya vad see ya bruce
[10:00] {magoo} bye es
[10:09] {ramvfin2003} BIOS still long on a break of .50 right Vad?
[10:09] {Threei} yes
[10:20] {magoo} read giga vad?
[10:21] {Threei} well... I can't give eaxact entry or stop... but it feels not done to me
[10:23] {Threei} can try using this big offer chasing it down as indication
[10:24] {magoo} yep
[10:25] {Threei} taken
[10:26] {Threei} hard to tell... buying pressure is still here, but it's a tough read
[10:28] {Threei} itching to find short entry HLCS
[10:30] {_Diane} hey Vad, just pulled 15cents of half lot SNDK
[10:30] {Threei} shorted breakdown?
[10:30] {_Diane} yes
[10:31] {Threei} :)
[10:31] {_Diane} made $44 off aapl premarket too
[10:36] {Threei} gosh, IFON is still moving
[10:38] {chrisnyork} thanks for the invite, it was a pleasure seeing you all in action, Ive been a longtime fan, have a good weekend
[10:38] {Threei} take care, chris, have a good one... don't forget to read the blog
[10:40] {bruce} bye chris
[10:44] {Threei} BEAS again
[10:46] {Threei} .61 long if stays above .55
[10:49] {ramvfin2003} still in play vad?
[10:49] {Threei} nah
[10:54] {Threei} Roman, you still in IFON?
[10:56] {Threei} GIGA... if .20 gets eaten, will try it
[11:01] {Threei} IFON 4.80 sets it for 4... very risky
[11:05] {Threei} guys, anyone got any questions?
[11:05] {Threei} granted, we got the toughest days since Sept 1 for this open house, lol
[11:05] {Threei} but then again, on easy days anyone can look like genius
[11:07] {Threei} keep an eye on our educational blog at http://www.realitytrader.com/blog/,
[11:07] {Threei} feel free to register for a week of free trial starting monday
[11:09] {trader88} Question - what would be the average size stop for stocks that are called in this room?
[11:09] {Threei} no signle size for them all,
[11:09] {Threei} depends on stock's volatility on one hand
[11:10] {Threei} and particular trader risk tolerance on another
[11:10] {Threei} look at it this way:
[11:10] {Threei} trader's A max risk per trade is 250 bucks
[11:10] {Threei} chart shows support to place stop 25 cents below the entry,
[11:10] {Threei} stock is thick enough, no slippage,
[11:11] {Threei} his size will be 1000 shares for this trade.
[11:11] {Threei} Now, start changing any of those components,
[11:11] {Threei} and size will be changing with it
[11:11] {Threei} see how it's structured?
[11:12] {HC} Who are your mentors?
[11:12] {Threei} my mentors?
[11:12] {HC} Mentors for new people
[11:12] {Threei} I am
[11:13] {HC} How long is the wait to start?
[11:13] {Threei} for mentoring itself? or participatuion in the room?
[11:13] {Threei} room is available any time,
[11:14] {trader88} I was thinking more along the lines of average stop in cents, or maximum stop in cents.
[11:14] {Threei} for personal mentoring let me see the schedule
[11:14] {HC} OK
[11:14] {Threei} it's governed by the chart, trader88
[11:14] {Threei} you can't asign the dame stop size to all stocks,
[11:15] {Threei} setup structure will dictate where the stop must be located,
[11:15] {Threei} so depending on those factors I listed above
[11:15] {Threei} you will vary your position size
[11:15] {Threei} to account for the stop size
[11:15] {Threei} or, if it's still too wide for your erisk tolerance, you will simply skip the trade altogehter
[11:16] {Threei} here is the book that structures all those things
[11:16] {Threei} and many more
[11:16] {Threei} http://www.realitytrader.com/masterplan/
[11:17] {trader88} OK - thanks.
[11:17] {Threei} HC, I see slot opening on Wed 17
[11:18] {HC} Do you mentor during the trade day or after?
[11:18] {Threei} during
[11:18] {Threei} I prefer to have real time charts available
[11:18] {Threei} to illustrate the concept
[11:18] {Threei} being discussed
[11:20] {HC} Do we have two way audio or just text?
[11:20] {Threei} text
[11:20] {HC} I see
[11:20] {Threei} we tried audio a while ago and rejected it
[11:21] {Threei} typed session can be saved, reread later
[11:21] {Threei} audio is water under the bridge
[11:21] {Threei} very convinient for a teacher, very useless for a student
[11:22] {HC} Do you use a private chat room or the one we're on now?
[11:22] {Threei} private window in this room
[11:22] {HC} I see.
[11:22] {Threei} doubleclick on my nick, you get private widnow
[11:26] {Threei} btw, in case you didn't know... log of each trading day is available at http://www.realitytrader.com/tradelog, usually posted after the close
[11:30] {Threei} day is full of spikes out of nowhere... JASO
[11:36] {Threei} MOGN half lot long
[11:37] {Threei} .58 - .59
[11:37] {Threei} .39 stop
[11:41] {trader88} jrjc
[11:44] {Threei} HSWI... momo trade
[11:44] {Threei} .80
[11:44] {Threei} half lot
[11:44] {trader88} sorry - wrong keyboard
[11:45] {Threei} stop .60
[11:46] {Threei} MOGN, trail stop to .49
[11:48] {Threei} thin one HSWI, slippage city
[11:48] {magoo} GIGA vad
[11:49] {magoo} cramer say 6 words just now...'i would buy that bidu btw...stock reverses 10 points up
[11:49] {Threei} nothing to hang my hat on magoo... wouldn't trigger on breakout, wouldn't give clean indication of bottoming
[11:50] {bruce} gm long?
[11:51] {ramvfin2003} target on MOGN vad?
[11:51] {Threei} I'd look for exit on spike over .70
[11:52] {Threei} GM is so not my type of stock... :)
[11:55] {bruce} me eithe3r but trending today
[11:56] {tp} giga looks like break out to 4.50
[11:57] {Threei} true but it's so far from where it is now
[11:58] {Threei} BIOS 1:1
[11:58] {Threei} anyone still remembers that entry?? :)
[12:00] {tp} have used that patteren }60%
[12:01] {Threei} which one?
[12:01] {Threei} now HSWI goes
[12:01] {tp} I call it 3 wave retraction
[12:01] {tp} giga
[12:01] {Threei} you mean GIGA?
[12:02] {Threei} OK, but if your tracking shows high percentage on this kind of retreats, why so remote entry as 4.50?
[12:02] {tp} but it can bounce off 3.6 again
[12:03] {tp} enter now exit 4.5
[12:03] {Threei} ahha
[12:04] {Threei} that I like... thought you meant breakout at 4.50 as entry
[12:06] {Threei} aside of some momo runners, admittedly very tough day, not much follow throuhg on any side, long or short
[12:06] {Threei} which actually we foresaw yesterday when talked about action after such shock as that drop
[12:07] {Threei} I guess it became too easy over last two-three weeks or so,
[12:07] {_Diane} COST short?
[12:07] {Threei} it was time to sober up
[12:07] {Threei} COST is kind of in the middle of nowhere
[12:08] {Threei} half buck from high, half buck from low
[12:08] {Threei} can go either way or stay in place, 33% to each
[12:09] {Threei} and 1% to the probability that they open chain in China
[12:09] {Threei} and stock shots up 20 bucks in 3 minutes
[12:09] {_Diane} LWSN long
[12:11] {tp} cost looks long to 69.80
[12:11] {Threei} Nobel prize to Gore ruins my faith in humanity
[12:15] {Raven} He'll get another one for inventing the internet ...
[12:15] {Threei} that I could live with
[12:15] {Raven} he's right up there with Yasser Arafat ... another deserving winner
[12:17] {Threei} VPRT small shares 43 long
[12:17] {Threei} if stays above .80
[12:18] {tp} lswn looks like 10.59or little more to me
[12:18] {tp} lwsn
[12:20] {cosmo} piece prize?
[12:21] {cosmo} why not chemistry?
[12:21] {cosmo} geochemistry
[12:24] {_Diane} LWSN?
[12:25] {Threei} it's a very slow mover diane... we have 30 min left
[12:25] {_Diane} ok tx
[12:25] {Threei} it took more than 1 hour for it to move last 10 cents
[12:25] {Threei} almost two hour previous 10 cents
[12:26] {Threei} BEAS ICAHN PARTNERS HAVE EXCERCISED OPTIONS ON SHARES - FILING
[12:28] {tp} vprt looks like a short
[12:32] {magoo} bidu selloff like i said
[12:33] {Threei} you reshorted it?
[12:33] {bruce} plce long?
[12:35] {Threei} rather long than short, but bhonestly, not enough confidence for entry
[12:35] {bruce} k
[12:40] {_Diane} CREE
[12:40] {tp} i was wrong vprt my target long 43.30
[12:42] {Threei} GRA?
[12:43] {_Diane} ant last minute moves?
[12:43] {Threei} looking
[12:43] {Threei} takeover rumor earlier
[12:43] {Threei} suddently exploded now
[12:44] {_Diane} ?????
[12:44] {Threei} GRA
[12:44] {_Diane} ICOC
[12:45] {Threei} MBLX short, small shares
[12:46] {Threei} .70 trigger
[12:46] {Threei} invalidated over 27
[12:46] {magoo} nice GRA vadi shorted top
[12:47] {magoo} i was thinking..what would dino do?
[12:47] {Threei} lol
[12:47] {Threei} good job
[12:48] {magoo} what would dino say....lucky
[12:50] {Threei} no slightest desire to even think about overnights
[12:50] {tp} should be bounce to 3
[12:50] {tp} should be bounce to 3
[12:50] {tp} gra 3
[12:50] {tp} gra bounce to 31.5
[12:51] {tp} battery going on mouse
[12:51] {Threei} yikes... not the best thing to happen in the middle of the trade
[12:51] {tp} no
[12:51] {_Diane} Overall good two days. Great trade with those RIMM puts testerday. Made 10 trades today..up $60. Not bad. Take care all of you
[12:52] {Threei} take care diane
[12:52] {bruce} bye diane
[12:53] {_Diane} Bruce :)
[12:55] {Threei} okay guys, thank you all,
[12:55] {Threei} have a great relaaxing weekend,
[12:55] {Threei} those who stay, see you on Monday
[12:55] {Threei} those who don't, feel free to stay :)
[12:55] {markweb} bye Vad
[12:56] {_Diane} Bye Vad
[12:56] {Threei} let's hope next week is more like two before that rather than like two last days
[12:56] {magoo} ty vad
[12:59] {bruce} have a great weekend all
Session Close: Sat Oct 13 00:00:00 2007
