Tuesday, October 30, 2007

October 30, 2007

Session Start: Tue Oct 30 00:00:00 2007

Session Time: Tue Oct 30 00:00:00 2007

[05:23] {bruce} gm all
[05:26] {Threei} Good morning
[05:26] {Threei} why oh why didn't I mistakenly push buy buton on SCON yesterday and forget all about it till today
[05:27] {bruce} thats not the question
[05:27] {Threei} no?
[05:27] {bruce} ? is why or oh why didn
[05:27] {bruce} t you advise all of us to do that?
[05:27] {Threei} ah
[05:27] {bruce} lol
[05:27] {Threei} {--- working on new alert: "Mistakenly buy ABCD"
[05:28] {bruce} cool
[05:28] {Threei} that's a good idea actually
[05:28] {Threei} if it works, I am all like "see, I can make money even when mistaken",
[05:28] {Threei} if it doesn't, "Told ya it was a mistake"
[05:29] {Threei} either way I am a hero
[05:29] {bruce} lol
[05:29] {bruce} have to checkw others on their definition of "hero"
[05:31] {Threei} as famous russian poet said, "you are your own supreme court"
[05:32] {Threei} but he also said "do not distinguish between victory and defeat"... I guess he wasn't trader really
[05:33] {bruce} I think thats a prety good guess
[05:34] {Threei} CSUN is a comedy of errors for me at the close and open
[05:35] {Threei} it started breaking 11.50, I totally forgot that we had just a minute left till close,
[05:35] {Threei} so I bought,
[05:35] {Threei} then level 2 all but disappeared on me,
[05:35] {Threei} I realized market was closed
[05:35] {Threei} so not wishing to carry it overnight I stuck around a bit and dumped it at 11.56
[05:36] {Threei} for whole 60 bucks of profit minus commissions
[05:36] {bruce} tough one _ i et some guys that play pre and aftermarket a lot
[05:36] {Threei} then in the morning fired up Laser 10 min after opening
[05:36] {bruce} but i don't like doing it
[05:36] {bruce} ridiculous spread
[05:36] {Threei} and saw that if I did have it I'd have to dump it right when trading started
[05:37] {Threei} went down ever since
[05:37] {bruce} 6\nothing wrong w 60. vad
[05:37] {Threei} well... better than poke in the eye
[05:38] {bruce} lol
[05:38] {bruce} better thqan 200. loss
[05:38] {Threei} but poet said?....
[05:39] {magoo} morning RT
[05:39] {Threei} magoo :)
[05:40] {bruce} "it's not whether you win or lose but how you play the game?"
[05:40] {bruce} thats crap for traders
[05:40] {bruce} morning mags
[05:40] {Threei} well... applied to any given trade it's true actually
[05:41] {bruce} k- you got me there
[05:41] {Threei} remember definition opf good trade vs bad one?
[05:41] {bruce} yes - good ones make money
[05:42] {Threei} it's just that in trading, if you play it right, while each given trade's putcome is pretty much random, overall you will make money
[05:42] {Threei} nope... wrong definition
[05:42] {bruce} lol - I knew that was coming
[05:42] {bruce} yadda yadda yadda
[05:43] {magoo} OY
[05:43] {bruce} its about following your stratgy - complete w stops
[05:43] {magoo} too early
[05:43] {bruce} heck - I've been doing that -
[05:50] {magoo} so then bruce, u been winning overall?
[05:50] {bruce} no mags
[05:50] {bruce} down on month
[05:51] {dptl} good morning all
[05:51] {Threei} dp
[05:51] {bruce} seem to have a knack for entering trades that either don't work - or don't play oout on second half
[05:51] {bruce} even losing an vqads calls
[05:51] {bruce} seem to miss the good wins and get into the others
[05:52] {bruce} hi dp - morning
[05:52] {Threei} so, are you going over your process of selection to nail the reason?
[05:52] {Threei} and to correct it?
[05:52] {bruce} I tend to favor the lower risk trades vad
[05:53] {bruce} not sure what I can correct
[05:53] {bruce} take more higher risk trades?
[05:53] {Threei} well, it's not like all lower risk trades were losers
[05:53] {cosmo} i like road kill...
[05:53] {Threei} higher risk ones just solid chunk
[05:54] {Threei} so, two things
[05:54] {bruce} not at all - but If I took it chances are it didn't plauy out
[05:54] {Threei} first, on lower risk ones gotta see if you play them correctly
[05:54] {bruce} I'm posting most trades - entry ande exit
[05:54] {Threei} and second, higher risk ones are still playable if you keep your shares small, no?
[05:54] {bruce} so you can see what I'm doing
[05:54] {bruce} true
[05:55] {magoo} i founnd that w/vad too...hemakes 5 call, hits 67.7% or 3 of 5, and i take only the 2 losers
[05:55] {magoo} so i take them all now
[05:55] {bruce} thats whats been happening to me
[05:55] {bruce} didn't track vads numbers
[05:55] {magoo} like yestewrday, vad was discouraged, thought everyone missed his calls
[05:55] {bruce} but he seems to have 1 or 2 real nice wins each day
[05:55] {bruce} and I cocnsisntently miss those ones
[05:56] {magoo} i was busy to post, BUT had taken them all
[05:56] {Threei} think of what you are trying to do in the following terms please
[05:56] {bruce} get in the others and end up flat
[05:56] {Threei} there is a strategy, or approach or style, whatever you want to call it
[05:56] {Threei} as any other strategy, it works with certain %
[05:56] {Threei} right?
[05:56] {bruce} understood vad
[05:56] {Threei} so,
[05:57] {Threei} when you are trying to sort out that strategy singals
[05:57] {Threei} in order to pick winning ones only
[05:57] {bruce} trading is just about putting odds in your favor
[05:57] {bruce} as dino says - anything can happen
[05:57] {Threei} what are trying to do is in fact an attempt to trade at 100%
[05:57] {magoo} vad, i think u win or as in, are up most everyday right?
[05:57] {Threei} You are effectively ruining the inner structure of the system
[05:58] {Threei} which is based on probabilities
[05:58] {bruce} maybe - but I don't think so
[05:58] {magoo} so bruce, need to take all his calls, so u catch the winning percent
[05:58] {Threei} you are trying to optimize it,
[05:58] {Threei} OK, nothing worng with that
[05:58] {bruce} someimtes I don't see your post till its too late
[05:58] {Threei} but by what parameters?
[05:59] {bruce} but maybe I am subconscoiusly picking the trades less likely to work out?
[05:59] {bruce} don't know
[05:59] {Threei} maybe,
[05:59] {cosmo} perfection = anything better than 65%
[05:59] {Threei} but major thing is
[05:59] {Threei} you are filtering out system's signals
[05:59] {Threei} by some criteria that you haven't tracked
[05:59] {Threei} so, whatever it is
[06:00] {magoo} btw, dino doesn't even believe his odds are better than 50/50
[06:00] {bruce} I have tended to avoid the plays like lulu
[06:00] {Threei} safe to assume that it may not be optimal filtering
[06:00] {Threei} well, LULU is special case
[06:00] {bruce} and you've done well with those in most part
[06:00] {Threei} that one you better avoid :)
[06:00] {Threei} or play 50 shares
[06:00] {magoo} he is just the most awesome disciplined STOP ARTIST since a young russian migrated to canada
[06:00] {Threei} 100 at best
[06:00] {markweb} gm all
[06:01] {Threei} mark :)
[06:01] {markweb} :)
[06:01] {bruce} I realaly need to turn this around
[06:01] {Threei} and that is correct... if you play it right, even 50/50 will work
[06:01] {bruce} I almost never take a trade without your advise vad or someone elses
[06:01] {bruce} so not sure what is wrong
[06:01] {Threei} why don't you get back to MPP's process bruce
[06:02] {Threei} it describes step by stepo how to hone the system
[06:02] {Threei} by analyzing the results
[06:02] {bruce} I'm hitting 50/50 already vad
[06:02] {Threei} you know pure blind following will never work
[06:02] {bruce} last week was good
[06:02] {bruce} 22 wins
[06:02] {bruce} 11 losses
[06:03] {Threei} sounds good to me providing losses were not bigger than wins
[06:03] {bruce} but overall profit was tiny
[06:03] {Threei} there
[06:03] {bruce} some of the wins were tiny
[06:03] {Threei} that's exactly the point where MPP process helps see why
[06:03] {bruce} like that play on monday - forget the stock
[06:03] {bruce} stoipped at 20
[06:03] {bruce} pivoted back
[06:04] {bruce} eneded up w a 3c win in it overall
[06:04] {bruce} pretty sure I played it right
[06:04] {bruce} but one lose knocks out 3 of those kind of small winds
[06:05] {Threei} you pretty much have your answer
[06:05] {bruce} my wins are to small
[06:05] {cosmo} its a phase bruce
[06:05] {Threei} or losses too big - but in any case, their ratio is wrong
[06:05] {bruce} as I said - tend to enther the trades that don't play out for significant wins
[06:06] {Threei} do you track what happens to them after your exit?
[06:06] {Threei} optimization procedure in MPP
[06:06] {bruce} not as recorded record no
[06:07] {Threei} who am I writing all those freakin books for... :)
[06:07] {bruce} but if a stock has been in play then I keep a thumbnail of it to see what it does
[06:07] {bruce} I tack win lose ratio and size or wins vad
[06:08] {Threei} but that's not enough for the purpose of optimization
[06:08] {bruce} but not all details like entry time share size , what stock does after exit
[06:08] {Threei} you can't optimize if you don't compare what you did to what you should have done
[06:08] {Threei} do me a favor
[06:08] {Threei} actually do it yourself :)
[06:08] {Threei} reread that part of MPP
[06:09] {Threei} follow the procedure
[06:09] {dino} gm all
[06:09] {Threei} dino :)
[06:09] {Threei} trust me, in everything I wrote, there is no single page of just filler
[06:10] {bruce} haven't seen that book of yours vad
[06:10] {bruce} morning dino
[06:11] {Threei} hmm?
[06:11] {Threei} master profit plan?
[06:11] {bruce} yes - haven't seen taht one
[06:11] {bruce} read your other book
[06:12] {Threei} I think I need to make it required reading for entering the room...
[06:12] {Threei} http://www.realitytrader.com/masterplan
[06:12] {bruce} I think I did a search for it but couldnt find it listed
[06:12] {Threei} ummm... right on our website...? :)
[06:13] {bruce} don't recall - I read a ton of stuyff
[06:13] {bruce} so probabnly looked to borrow it and wasn't able too
[06:13] {cosmo} ONNN off 22%
[06:14] {bruce} I read at least 3 books a week
[06:14] {Threei} hmmm
[06:14] {bruce} so If I bought them all I'd have thousands
[06:14] {bruce} so I borrow books
[06:14] {bruce} and buy the ones that are outstanding as refernece guides
[06:14] {Threei} my guess would be, you read a lot of stuff that clouds your thinking
[06:14] {bruce} lolo
[06:15] {bruce} clouding thinking
[06:15] {Threei} I am not kidding
[06:15] {bruce} thats me
[06:15] {Threei} there are no that many really great trading books that you could keep gpoing at such rate for any significant time
[06:15] {Threei} and there is a lot of
[06:16] {Threei} fluff for the lack of better polite word
[06:16] {bruce} I do read other stuff as well
[06:16] {dino} indeed
[06:16] {Threei} ask ese who read about 130 of them if I remember correctly
[06:16] {dino} simplify
[06:16] {bruce} there is a lot of nonsense wrtiien
[06:16] {Threei} and ask him what he ended up doing with them
[06:16] {bruce} ro stuff that used to work and doesn't nay more
[06:21] {bruce} ua
[06:21] {dino} ot; just started the millionaire traders book last night, interesting
[06:22] {bruce} did you wirite it dino?
[06:23] {dino} lol
[06:23] {dino} first guy interviewed, his bread and butter,.....intra-day capitulations
[06:24] {bruce} hmm - sounds familiar
[06:27] {cosmo} ONNN 10 soon
[06:32] {magoo} ATHR nuts
[06:33] {dino} good report 50%
[06:33] {Roman} GIGM
[06:35] {Threei} ACTU .15 long
[06:35] {Threei} stop under 8
[06:35] {magoo} in
[06:37] {bruce} in .17
[06:39] {dino} amed
[06:39] {dino} twll
[06:42] {Roman} long TOPT
[06:42] {dino} lcav
[06:43] {Roman} ASTI on radar for breakout
[06:43] {dino} twll s hl .94
[06:46] {magoo} vad, u reading SCON?
[06:47] {Threei} keeping it on radar
[06:47] {magoo} bounce time ATHR
[06:47] {dino} lcav hl l .01, wide, careful
[06:49] {dino} cov twll .70, +.24
[06:49] {Threei} LUNA... up and up, and no decent entry
[06:49] {dino} too soon
[06:50] {bruce} what would stop have been for lcav dino - about .75 or so?
[06:50] {dino} powi
[06:52] {dino} missed
[06:52] {Threei} CTDC 10.40 long trigger if melts down
[06:53] {ramvfin2003} vad, target on ACTU?
[06:53] {Threei} it's making 52 week highs, uncharted territory
[06:54] {Threei} no assigned target, gotta go with reading as it moves
[06:54] {magoo} in CTDC .39
[06:54] {bruce} what do you mean by melts down - you want to see a retracement first vad?
[06:54] {Threei} no, big offer getting scrolled fast
[06:54] {Threei} there
[06:54] {bruce} k
[06:55] {Threei} stop .20
[06:56] {bruce} in ct\dc .38
[06:57] {magoo} now lay out bruce so u fill first
[06:57] {magoo} i at .71
[06:57] {Threei} 1:1, half out, scalpers take profit
[06:57] {esemde} morning.....i'm late to the party
[06:57] {Threei} stop to .29 for the balance
[06:57] {dino} grounded
[06:57] {Threei} hi ese
[06:58] {esemde} dino , Vad bruce magoo
[06:58] {magoo} ES:)
[06:58] {bruce} hi ese
[06:58] {dino} :)\
[06:59] {dino} scanner going green
[07:00] {Threei} *OCT CONSUMER CONFIDENCE: 95.6 V 99.0E
[07:01] {dino} out lcav .38, +.37
[07:02] {magoo} nice dino
[07:02] {dino} ty
[07:02] {magoo} i like ctdc to get near 11
[07:02] {ramvfin2003} nice size bid on actu @ .24
[07:05] {magoo} ACTU what the f.........
[07:05] {Threei} second time it does that
[07:05] {Threei} never mind these games
[07:05] {Threei} stop under 8 still
[07:06] {Threei} huge offers don't take it under the stop, huge bids don't prop it over the resistance - games
[07:06] {Threei} if uncomfortable, just dump it for little profit
[07:07] {bruce} stopped ctcd
[07:07] {Threei} partialled at 1: 1 earlier though?
[07:08] {dino} sepr hl s .50
[07:08] {bruce} no offered out at .65 and didn't get taken
[07:09] {Roman} short QMAR
[07:09] {Threei} bruce... it was above 1:1 twice... don't let a winner turn into loss
[07:09] {bruce} try not too - missed on that one
[07:10] {Threei} you overthink them
[07:10] {Threei} it's there, take it
[07:10] {Threei} can always reenter, never can re-exit
[07:11] {Threei} it's like stumbling onto $100 laying on the street and not taking it in hope you will find $500 in a few steps
[07:11] {bruce} initial stop was .20
[07:11] {Threei} yes
[07:11] {bruce} tried for just a tad better and didn't work
[07:11] {Threei} 20 cents
[07:11] {bruce} realistiacally - with commissions - you need 5 more c to get 1 to 1
[07:11] {Threei} commissions is not something market considers
[07:12] {Threei} stock moves by its own rules
[07:12] {bruce} no
[07:12] {Threei} not by your financial circumstances
[07:12] {bruce} anyway - thought it would make it and follwing adtu at same time
[07:12] {Threei} and its rules are, more often than not they reverse or pullback around 1:1 level
[07:13] {Threei} your fast sell feature is exactly for that:
[07:13] {Threei} offer it where you want but be ready to hit the bid if it doesn't take
[07:14] {bruce} considered it but big spread
[07:14] {bruce} fast sell would take 10 c off exit on that trade
[07:14] {Threei} so try to undcercut offer while buying pressure is there
[07:14] {bruce} needed to exit on offer
[07:15] {Threei} but on stocks with jumping spread where you need offer price for exit, you need to exit when you can, not when you have top
[07:15] {bruce} my offer was there - just need ed the one quick spike and didn't get
[07:15] {Threei} which means offering into buying
[07:15] {bruce} ynderstood vad
[07:17] {dino} sepr bstop to .61, not moving
[07:17] {Threei} for those who doesn't use Laser, this strategy can be dangerous
[07:17] {ramvfin2003} SCON
[07:17] {Threei} since you need to cancel, then re-enter, otherwise you risk to get two exits and find yourself in involutary short position
[07:18] {Threei} with Laser, make sure you have Fast Sell activated
[07:18] {Threei} then cancel and reenter will be done automatically and instantly
[07:18] {magoo} nice alert ram
[07:19] {dino} cov sepr .26, +.24
[07:20] {markweb} thanks dino:)
[07:20] {Roman} cover QMAR -.04
[07:21] {dino} gj mark
[07:21] {markweb} ty
[07:21] {dino} waiting on twll again, at .98
[07:21] {esemde} scon...just a movin and a groovin last couple of weeks
[07:22] {dino} i can't short scon, so off my screen
[07:22] {dino} don't like it when can only play one direction
[07:25] {dino} lcav hl l .55
[07:25] {Roman} GIGA
[07:25] {Roman} in small 3.00 early
[07:25] {magoo} out now SCON .64 TY RAM
[07:26] {ramvfin2003} yw, didnt do anything though, just saw it breaking out
[07:26] {dino} twll, s hl .98
[07:27] {bruce} long consolidation for actu vad
[07:27] {bruce} is it worth holding?
[07:27] {dino} lcav jumpy carefu'
[07:27] {Threei} don't know what to say bruce
[07:28] {Threei} it will break or it will not
[07:28] {Threei} worth holding or not - from what point of view? :)
[07:28] {Threei} to me, it is
[07:28] {dino} faro
[07:28] {Threei} I am not putting any thinking into this kind of decisions
[07:28] {ramvfin2003} wakin up a bit for u bruce
[07:28] {Threei} stop is not hit
[07:28] {dino} bruce, keep your stop and let it trade, imo]
[07:29] {bruce} k- have found long consolidations often a danger sign of lack or strength
[07:29] {Threei} movements between stop and target is just noize
[07:29] {bruce} looks like it is going to go after all now though
[07:29] {Threei} you are 2 cents away from 1:1
[07:29] {Threei} if you are uncomfortable with it, offer it out
[07:31] {Threei} 1:1 ACTU
[07:31] {Threei} half out me
[07:31] {Threei} scalpers, take full prfoit
[07:31] {Threei} or how do you spell it
[07:31] {dino} \stopped lcav -.55
[07:32] {bruce} out actu
[07:32] {bruce} back to flat
[07:32] {Threei} stop to 8.14
[07:32] {dino} rinsed
[07:33] {ramvfin2003} out .35 actu ty vad
[07:33] {Threei} welcome
[07:35] {magoo} out here .32 ACTU TY vad
[07:35] {Threei} :)
[07:35] {ramvfin2003} SEPR?
[07:35] {dino} watching it
[07:40] {Threei} ININ, 25 long, half lot
[07:40] {Threei} stop under .80
[07:40] {Threei} even less than half lotr
[07:40] {Threei} thin
[07:40] {Threei} make sure big offers metl down before entry
[07:41] {magoo} long inin .94
[07:42] {magoo} KIDDING
[07:42] {Threei} as a punishment - you will be designated buyer of entire ETRD offer
[07:43] {dino} thin, l dwsn hl .43
[07:43] {magoo} in .99
[07:43] {bruce} missed entry
[07:44] {dino} esrx
[07:46] {dino} twll not moving, tighten bstop to .12
[07:46] {bruce} in at 25
[07:47] {markweb} seed?
[07:48] {Threei} don't see news
[07:48] {markweb} ty
[07:49] {Threei} ININ over 1:1ONSM
[07:49] {Threei} oops
[07:49] {Threei} ONSM
[07:49] {Threei} REAFFIRMS FY07 R$12.1M, SEES AT LEAST 40% Y/Y R$ GROWTH FOR FY08
[07:50] {Threei} ININ over 1:1
[07:50] {magoo} out here .24 TY vad
[07:50] {Threei} welcome
[07:50] {bruce} out inin .24
[07:50] {Threei} there... discipline brings profit
[07:50] {magoo} nice exit bruce
[07:50] {Threei} wait for pullback instead of chasing entry
[07:50] {bruce} thanks mags
[07:50] {Threei} offer out thin stock into buying
[07:57] * magoo slaps LaserDave1 around a bit with a large trout
[07:58] {magoo} uh vad, excuse me, a lil' help
[07:58] {Threei} I am in
[07:58] {dino} faro hl l .18
[07:58] * Threei slaps LaserDave1 around a bit with a large trout
[08:00] {magoo} all is right in world now
[08:00] {LaserDave1} im invited to another trout bbq?
[08:01] {Threei} invited? rather dragged in
[08:01] {LaserDave1} and put on the grill?
[08:02] {Threei} wrapped in foil
[08:02] {LaserDave1} nice
[08:02] {LaserDave1} the slow roast for a few hours?
[08:02] {Threei} yes, and we hope you brought sause to bust yourself
[08:02] {Threei} sauce
[08:02] {LaserDave1} i sure did
[08:03] {LaserDave1} sounds delicious
[08:03] {Threei} 3 for 3 so far, market going jerky again
[08:03] {Roman} ZIXI
[08:04] {Roman} long 1/2 size
[08:04] {Roman} 4.05
[08:10] {dino} dwsn stopped .31, -.12
[08:12] {dino} sepr s hl .86
[08:15] {markweb} dino u in FARO?
[08:16] {bruce} stop 26.15 dino?
[08:17] {dino} y
[08:17] {dino} not hard stop, too random, but we are at 37.93
[08:18] {dino} oh, sepr stop is at .12
[08:18] {bruce} s sepr at .96
[08:19] {dino} faro, break of .80, stopping
[08:19] {dino} good entry imo
[08:20] {bruce} thanks
[08:21] {dino} twll bstop to .75
[08:24] {dino} dwsn, rinse-r-oni
[08:25] {dino} amed going for hod
[08:26] {dino} twll to .71
[08:26] {dino} sepr drop
[08:27] {dino} bruce don't lose your profit, you had better entry
[08:28] {dino} get greedy on profits, book 'em, anything can happen
[08:28] {Threei} CTEL?
[08:28] {ramvfin2003} ASTI?
[08:28] {bruce} sepr stop to .85
[08:29] {Threei} what do you see on ASTI?
[08:29] {dino} too wide imo
[08:29] {dino} giving away too much profit
[08:29] {bruce} out sepr + .33
[08:29] {Threei} that's the way to do it bruce
[08:30] {dino} cov .56, +.30
[08:30] {bruce} you think I was too wide with .85 stop dino?
[08:30] {dino} nice bruce. don't give awy profits
[08:30] {dino} yes
[08:30] {bruce} were would you have set ?
[08:30] {bruce} need to give it some room to play out
[08:31] {dino} markets are random, forget what books/teachers say. they are inefficient on daily basis
[08:31] {bruce} I adjusted to small profit after the breakdown
[08:31] {dino} you had .36, so lock in at least .24
[08:31] {dino} imo of course
[08:32] {dino} see, its up now
[08:32] {bruce} nope - had .26
[08:32] {bruce} got in at .96 and hesitated at .70
[08:33] {dino} twll to .67
[08:33] {bruce} gave in 15 c to play out
[08:34] {dino} ok, ok, do you see what i'm talking about tho. i hate, absolutely hate, to give back once i'm imo
[08:34] {bruce} understood
[08:35] {dino} itm i mean
[08:35] {dino} faro stopped, slippage, sheesh, -.48
[08:35] {dino} at .70
[08:35] {dino} look at twll, my stop is .67
[08:36] {dino} faro, sucks, back to .99, off my screen
[08:37] {dino} cov twll .67, +.31
[08:38] {dino} frickin' flat. taking a bit of break
[08:49] {bruce} any read abk vad?
[08:50] {Threei} .70 breakdown short
[08:51] {bruce} k
[08:51] {Threei} .85 stop
[08:52] {bruce} k - was thinking about that
[08:53] {bruce} invalide play
[08:53] {Threei} yeah
[08:56] {Threei} QRCP?
[09:02] {Threei} someone accumulates all they sell at .42
[09:03] {Threei} ACTU 1:2
[09:05] {bruce} congrats on actu vad
[09:06] {Threei} ready to dump second half on a spike or .45 breakdown
[09:09] {Threei} out
[09:17] {markweb} missed SOHU
[09:18] {Threei} ARGN for you spike hunters
[09:20] {Threei} something is brewing on QRCP
[09:22] {Threei} GLGC found the way to solve all problems
[09:22] {Threei} Biosolutions Ltd. Ownership of the name Gene Logic will transfer to Ocimum on the date of closing.
[09:26] {dino} amed hl s .60, stop .05
[09:36] {ramvfin2003} IT?
[09:36] {Threei} GIGM vertical
[09:37] {Threei} IT probably close to bounce level
[09:38] {bruce} amed s .95
[09:38] {Threei} hard to spot entry price, stop would be under .60
[09:42] {Threei} CNIC
[09:42] {Threei} has this habit of sudden spikes
[09:43] {Threei} 3.35 long with .19 stop... pure momo play
[09:47] {dino} amed stopped -.49
[09:47] {bruce} amed stopped
[09:49] {dino} pmti
[09:53] {Threei} wow... ACTU is not going to stop
[09:53] {bruce} nvda l vad?
[09:53] {Threei} ever
[09:53] {Threei} hmmm
[09:53] {bruce} it will if I buy it vad
[09:53] {Threei} lol
[09:54] {Threei} not sure on NVDA
[09:54] {bruce} k
[09:55] {Threei} so how about you buy ACTU, we short it, we will share profit as a token of appreciation of your self-sacrifice
[09:56] {bruce} lol
[09:56] {bruce} realistically?
[09:56] {bruce} not a bad idea
[09:58] {Threei} WATG?
[10:01] {dino} l hl it .98
[10:07] {dino} hl s pmti .02
[10:09] {bruce} .43 stop pmti dino?
[10:10] {dino} y
[10:13] {dino} it stop to .23
[10:15] {dino} stopped +.25
[10:16] {dino} thx ram, for alert
[10:19] {dino} rimm hl l .80
[10:28] {Threei} AKAM lost its mind
[10:28] {dino} out rimm .04, +.24
[10:30] {bruce} congrats dino -
[10:30] {bruce} what would stop have been in rimm - .50 or so?
[10:31] {bruce} would think you need pretty wide stop for rimm
[10:31] {dino} .39
[10:31] {bruce} k
[10:31] {dino} cut it early 'cause didn't like action
[10:31] {bruce} k - could see possible .10 resistance
[10:32] {dino} take pmti bstop to b/e
[10:32] {dino} chtt
[10:32] {dino} me too, got rejected strongly there
[10:32] {bruce} any read ua vad?
[10:33] {bruce} didn't qtaek rimm - I routinely get rinsed in it
[10:36] {dino} toughy
[10:36] {Threei} UA, I would prefer pullback
[10:36] {bruce} just thinking saqme - pullbacks have been pretty large
[10:42] {dino} stopped flat pmti
[10:42] {ramvfin2003} vad, read on SCON?
[10:44] {Threei} none... can do whatever here
[10:50] {dino} pmti stop was too tight
[10:50] {bruce} taking break for 30
[10:50] {Threei} WATG is probably going to tag 9
[10:50] {bruce} all your trades should start working nicley now guys
[10:52] {Threei} 8.40 is support for ACTU to watch, bounce hunters
[10:52] {markweb} u in WATG, Vad?
[10:52] {dino} lol
[10:52] {Threei} yes but from .82
[10:53] {markweb} ty
[10:53] {Threei} so my risk is not really existent here
[11:01] {dino} cphd partial fill s .54
[11:02] {dino} remainder at .50
[11:03] {dino} twll hl s .97
[11:05] {Threei} ACTU scalpable bounce right on cue
[11:08] {ramvfin2003} FLML?
[11:08] {Threei} long with stop under 12
[11:08] {Threei} .23 trigger
[11:08] {ramvfin2003} ty
[11:09] {Threei} if pulls back into 12, try to get in aggressively
[11:09] {dino} cphd stopped, .92 -.40
[11:11] {Threei} 9 WATG
[11:11] {ramvfin2003} l FLML .04
[11:12] {dino} bruce, still have pmti short?
[11:18] {Threei} FLML not holding support
[11:18] {dino} drys l .85 hl
[11:23] {dino} drooy
[11:24] {Threei} I don't remember DROOY ever being that perky
[11:24] {dino} s hl .80
[11:24] {Threei} no news that I see
[11:28] {magoo} who reports tonite vad?
[11:29] {Threei} nobody of significance
[11:30] {dino} twll cov .80, +.17
[11:35] {bruce} I didnt take pmti dino
[11:36] {markweb} i did from .17. thanks dino
[11:37] {bruce} nice entry mark
[11:37] {markweb} +.15 on PMTI
[11:37] {markweb} ty
[11:37] {dino} gj
[11:37] {markweb} missed DROOY:(
[11:38] {dino} i missed my cover
[11:38] {ramvfin2003} that FLML fee right apart
[11:40] {Threei} GOAM?
[11:41] {Threei} your baby Roman... what's up
[11:41] {Roman} the boyz are moving
[11:41] {dino} oh, ohhh, forgot order, sepr hl s .86
[11:42] {dino} cov drooy .20, +.60
[11:42] {markweb} nice
[11:42] {Threei} ACTU, anyone tried it off .40?
[11:43] {dino} very lucky
[11:43] {dino} but ty
[11:43] {magoo} i wish u called it with more cionviction
[11:43] {magoo} i would have then
[11:43] {markweb} dino, your baby DRYS out of contol
[11:44] {dino} y, stopped once on it
[11:45] {markweb} no Vad:(
[11:48] {Threei} ORCC?
[11:49] {dino} sepr bstop to .96
[11:50] {Threei} DIVX
[11:51] {magoo} l .24
[11:51] {magoo} divx
[11:51] {dino} why down?
[11:52] {dino} tbsdi pain
[11:52] {Threei} something's fishy
[11:52] {Threei} evil in details
[11:52] {Threei} careful magoo
[11:52] {Threei} - Note pact amendment provides for termination on Nov 30
[11:52] {Threei} there
[11:53] {dino} terminates 11/30/07
[11:53] {dino} most likely giving divx gthe boot
[11:53] {magoo} out }27
[11:53] {magoo} skeered
[11:53] {bruce} drys neqar 120 dino?
[11:54] {Threei} +3 cents... don't spend it all at once, inflation is rampant even without you
[11:54] {Threei} looking to short a little DIVX
[11:55] {Threei} in 12
[11:55] {Threei} stop 12.30
[11:56] {Threei} come on traders, read carefully and dump it
[11:56] {Threei} half out .70
[11:56] {magoo} that was NICE
[11:57] {Threei} stop 12.10
[11:57] {magoo} ty for getting me out long
[11:57] {Threei} always
[11:58] {dino} nice one vad
[11:58] {Threei} ty
[11:58] {bruce} sure looked overextended already when you shorted vad
[11:58] {bruce} congratgs
[11:58] {markweb} nice vad
[11:59] {Threei} need new crop of readers
[11:59] {Threei} lol
[12:00] {bruce} scary trade - too quick for my taste
[12:01] {ramvfin2003} NM crushed past 15 min
[12:02] {dino} back in 10
[12:02] {Threei} stop to 12.01
[12:04] {magoo} look DROOY
[12:04] {Threei} sheesh
[12:06] {magoo} drys bounce somewhere vad?
[12:07] {bruce} drys STILL dropping
[12:07] {Threei} gosh
[12:07] {Threei} no idea :)
[12:07] {Threei} out DIVX
[12:07] {Roman} FSLR bouncer
[12:07] {Roman} 1 more drop
[12:09] {Roman} long small
[12:09] {Roman} 150.30
[12:09] {magoo} news DRYS??what the f.........
[12:10] {Threei} don't see anything
[12:10] {Roman} stopped FSLR
[12:11] {bruce} wow drys - looks like fslr won't bounce yet either
[12:14] {Threei} the way DROOY behaves I won't be suprized to see it over 10 again
[12:14] {magoo} i never saw a pop..drop..and re-pop like drooy
[12:15] {Roman} too early on FSLR
[12:15] {Roman} i mean stop too tight
[12:15] {dino} sepr bstop to .62
[12:16] {Threei} if .54 broken, worth a try DROOY
[12:16] {Threei} small
[12:16] {dino} stopped +.24
[12:22] {magoo} DRYS VAD, u gotta be reading it}??
[12:22] {dino} tbsi death
[12:22] {Threei} nope
[12:23] * magoo slaps Threei around a bit with a large trout
[12:23] {Threei} whatever... you won't get me into this monster
[12:23] * magoo slaps Threei around a bit with a large trout
[12:23] {Threei} no
[12:23] {bruce} it's in freefall - going to 110
[12:23] * magoo slaps Threei around a bit with a large trout
[12:23] * magoo slaps Threei around a bit with a large trout
[12:23] * magoo slaps Threei around a bit with a large trout
[12:24] {dino} egle drop
[12:24] {dptl} :)
[12:24] {Threei} ok ok... bid it at 50
[12:24] {bruce} lol mags
[12:24] {bruce} impatient for that reversal call are we?
[12:24] {dino} all the dry shippers, ocnf too
[12:24] {magoo} in
[12:24] {dino} hl l drys 114.00
[12:24] {magoo} out .80 he he
[12:29] {Threei} DRY BULK SHIPPERS RELATIVELY WEAK THIS AFTERNOON- most likely a technical pullback as many of these stocks have been trading at 52 week highs well above major moving averages. The spark for today's sell may have been comment about excessively high intl. shipping costs made by US Steel on its conference call, or a slip in the Baltic dry bulk freight index, which has doubled in the last four months, providing the lift for the freight stocks.{
[12:30] {bruce} relatively weak?
[12:30] {Threei} lol
[12:30] {Threei} no kidding
[12:31] {Threei} for them to call it very weak it would take what, 89% dump?
[12:31] {bruce} yes
[12:33] {cosmo} onnn
[12:33] {cosmo} 10.54 hod
[12:33] {cosmo} 10.55
[12:33] {bruce} did you get out drys dino?
[12:35] {bruce} mnst too cosmo - late in day for break though
[12:35] {dino} nope
[12:37] {Threei} let's do it DROOY
[12:37] {cosmo} bruce..onnn was roadkill with the will to live... which i like
[12:38] {cosmo} mnst?
[12:38] {bruce} lol
[12:38] {magoo} i hooked bidu sh 100 shares 385
[12:42] {dino} disconnected, back
[12:42] {Threei} both of you
[12:42] {dino} y
[12:43] {Threei} I have "Elvis left the building" alert on you and magoo
[12:45] {magoo} holy shit
[12:45] {magoo} crashed holding bidu
[12:45] {magoo} out
[12:45] {Threei} Jefferies: stop selling, we haven't dumped uet
[12:46] {Threei} market: that's your defense?
[12:46] {Threei} Jefferies: sorry... that's all I got
[12:46] {bruce} wow - great play mags
[12:47] {magoo} covered 371.23 in a panic
[12:47] {magoo} + 14points
[12:47] {bruce} yes - amazing
[12:47] {magoo} i almost died when oiur system crashed
[12:48] {bruce} and cought it within 50c of top
[12:48] * Threei slaps magoo around a bit with a large trout
[12:48] {bruce} guess whos buying the beer?
[12:48] {Threei} Ifigured after such win you are in a good mood and I can slap you safely
[12:48] {magoo} i was screeming at tech guy in office to reboot dsl box in back room
[12:48] {Threei} screaming?
[12:48] {Threei} I would kick him
[12:48] {magoo} yeah, and tech guy is ....drumrol....
[12:48] {magoo} DINO
[12:49] {Threei} rofl
[12:49] {bruce} lol
[12:49] {dino} that lazy guy won't move
[12:49] {bruce} no offense -
[12:50] {bruce} \but yopu guys have major problems
[12:50] {Threei} yes bruce and they enjoy them
[12:50] {dino} nah
[12:50] {bruce} lol
[12:50] {magoo} {dino screams} hey, magoo just walked in and kicked me
[12:50] {bruce} be nice vad -
[12:51] {bruce} a nice trader gets the vodka
[12:51] {Threei} me? nice?
[12:51] {Threei} total oxymoron
[12:51] {magoo} u all look lovely today :)
[12:51] {bruce} lol
[12:51] {magoo} that was nice
[12:51] {Threei} magoo nice
[12:51] {Threei} that's disturbing
[12:52] {Threei} nice magoo is an image for halloween
[12:53] {bruce} thats scary vad
[12:53] {Threei} normal magoo is the one you can scare the living daylight out of children with... that's who I am comfortable with
[12:53] {Threei} sheesh DRYS
[12:53] {bruce} just about time for our 50 bid in drys
[12:53] {Threei} poor jefferies
[12:54] {bruce} good thing its only weak - like your relatives
[12:54] {bruce} I'll be crying all night for poor jefferies
[12:54] {Threei} ah that'll be nice
[12:55] {bruce} not like the b@sta#ds never stuck it to me on a trade or anything
[12:55] {Threei} DROOY finishes strongly
[12:56] {Threei} not that I am eager to find out why
[12:56] {Threei} but with lousy 200 shares I can sleep
[12:57] {bruce} you're long vad?
[12:57] {Threei} yeah
[12:57] {bruce} k
[12:57] {bruce} poor you then
[12:58] {Threei} why is that
[12:58] {magoo} man, drys
[12:58] {bruce} lol - looks like an OK trade to me
[12:59] {bruce} next stop 100. drys
[13:00] {Threei} thank you all
[13:00] {Threei} have a good evening, see you tomorrow for what promises to be a very interesting day
[13:01] {bruce} congrats again magoo - looks like a strong day for you
[13:01] {Threei} oh btw
[13:01] {Threei} if you want a little laugh
[13:01] {Threei} three l;ast pieces of news on DROOY
[13:02] {Threei} 05/23/07 07:41am [DROOY] HSBC Cuts DROOY from Neutral to Underweight.
[13:02] {Threei} 07/02/07 02:28am [DROOY] HSBC Raised DROOY from Underweight. to Neutral
[13:02] {Threei} 10/09/07 01:28am [DROOY] HSBC Cuts DROOY to Underweight. from Neutral
[13:02] {Threei} kind of two month exercise...
[13:03] {bruce} good point vad
[13:03] {bruce} in -house analyst is probably going on vacation
[13:04] {bruce} so they posted all his adivise today for next 2 months
[13:04] {dino} gn all
[13:04] {bruce} see you guys in am
[13:05] {magoo} ty bruce..ty vad
Session Close: Wed Oct 31 00:00:00 2007