Session Start: Fri Nov 23 00:00:00 2007
Session Time: Fri Nov 23 00:00:00 2007
Session Close: Thu Nov 22 13:08:34 2007
Session Start: Fri Nov 23 00:00:00 2007
Session Time: Fri Nov 23 00:00:00 2007
[05:29] {Threei} FORMER FED CHAIR GREENSPAN SAYS POLICY MAKERS MAY NEED TO ADDRESS THE WEAK USD
[05:29] {Threei} - If not for flexibility in the US economy the chances of a recession would be above 50%
[05:29] {Threei} muzzzle... urgent
[05:29] {BillyD} it picks up where we left off
[05:29] {BillyD} good morning
[05:30] {Threei} there should be continuation, shouldn't it
[05:30] {Threei} hi :)
[05:30] {Threei} ummm... continuity
[05:31] {Threei} (CA) FIN MIN FLAHERTY: PLEASED TO SEE C$ AT MORE 'REASONABLE' RANGE
[05:31] {Threei} yeah me too
[05:31] {Threei} akthough I consider $1.50 more reasonable than parity {G}
[05:34] {cosmo} ETFC 4.50 - 4.60 range ...so far
[05:34] {BillyD} "They came to hit tonight," Carpenter said. "I think tonight, we were overmatched."
[05:34] {BillyD} this is the statement from ASU's quarterback after getting beat up last night and an almost concussion
[05:35] {Threei} at first it sounded more like quote from Alice in Wonderland
[05:35] {BillyD} lol
[05:37] {cosmo} it was a mad trukey bowl
[05:37] {BillyD} mad or bad
[05:37] {cosmo} hmm
[05:37] {cosmo} thinking
[05:38] {Threei} oh no
[05:39] {cosmo} it was bad that Barkley left so soon...
[05:39] {Threei} I am having headaches even from simple reading word "thinking"
[05:41] {cosmo} I like the fact that both coaches are good thinkers tho
[05:41] {BillyD} i could Marcus Allen on field but Barkley...
[05:42] {BillyD} USC players were just bigger, stronger and tougher
[05:42] {cosmo} they'd make terrible traders tho
[05:42] {BillyD} couldn't believe
[05:45] {cosmo} they(ASU) might have been caught thinking ahead to UofA
[05:45] {cosmo} hehe ...sorry
[06:09] {dptl} good morning all
[06:10] {BillyD} morning Dp
[06:10] {Threei} dp :)
[06:11] {BillyD} let's see if CPSL gets folllow thru
[06:12] {cosmo} TIBX up-graded fwiw
[06:14] {dptl} so its short day today?
[06:14] {Threei} yes
[06:14] {dptl} ty
[06:15] {Threei} not counting on much... if we get couple safe scalps I'll be satisfied
[06:15] {Threei} a lot of players don't bother today, just take one loong weekend
[06:15] {Threei} the only reason market is open at all is 3 days rule
[06:17] {dino} gm all
[06:17] {BillyD} dino :)
[06:17] {Threei} dino :)
[06:17] {bruce} hello dino
[06:18] {dino} :)
[06:18] {esemde} morning .....
[06:19] {Threei} ese :)
[06:20] {bruce} hi ese
[06:21] {esemde} hi vad bruce.....what is the 3 day rule
[06:21] {Threei} investors must not be left with no access to their money for more than 3 days in a row
[06:21] {esemde} hmmmm i didn't know that....
[06:22] {Threei} so when there is a holiday around the weekend, on Tuesday or on Thursday, instead of having 4 days of holiday they insert half day trading on Mon or Fri
[06:22] {BillyD} didn't realize that included weekends
[06:22] {Threei} this is the only reason we have these half day markets
[06:23] {bruce} is today 1/2 only?
[06:23] {Threei} yes
[06:23] {BillyD} wow....you are full of facts
[06:23] {BillyD} 1pm ET Bruce
[06:23] {bruce} good to know
[06:23] {Threei} problem is billy... they are random and unsorted
[06:23] {bruce} hate to be stuck in trade on close
[06:24] {Threei} so unless you get lucky and ask me right question, I am useless :)
[06:24] {BillyD} I look for patterns Vad
[06:25] {cosmo} ETFC possible double botto..on the daily
[06:25] {Threei} if I adjust to today's market I'll have none {G}
[06:25] {cosmo} bottom
[06:25] {Threei} interested to see if CAST uses this low volume day to jump through resistance
[06:26] {Threei} overall, CAST so far is a classic case of early accumulation stage
[06:26] {BillyD} w/ the buying u would think CAST alreay pop
[06:26] {Threei} not necessary
[06:26] {Threei} early accumulation is a stage where "they" are trying to collect as many shares as possible without attracting attention
[06:27] {BillyD} yes
[06:27] {BillyD} longer the better eh
[06:27] {Threei} so as soon as movement becomes too obvious, price or volume or both wise
[06:27] {Threei} "they" retreat, drop bids, stop buying
[06:27] {Threei} and could even put out offers
[06:27] {Threei} to get the stock off the radars again,
[06:28] {Threei} until "they" are about done accumulating.
[06:28] {Threei} Then the movement will be allowed to become conspicous
[06:28] {Threei} to attract the crowds and provide momentum
[06:29] {BillyD} makes sense
[06:29] {Threei} basics of tape reading...
[06:29] {BillyD} you've seen this before
[06:29] {Threei} speaking of which... don't forget to check latest blog entry
[06:29] {Threei} written out of desperation {G}
[06:29] {Threei} can't see this question anymore without getting all like "what... again???"
[06:30] {Threei} http://www.realitytrader.com/blog/2007/11/whats-in-name-or-what-is-tape-reading.html
[06:30] {bruce} daily on cast only goes back 2 weeks on my charts
[06:30] {Threei} yes, it's one of those relatively new chinese arrivals
[06:31] {Threei} traded on diff market before, started on NASDAQ recently
[06:31] {Threei} there were quite a bit of those recently
[06:32] {Threei} we were going to keep an eye on ZIXI
[06:32] {BillyD} yes
[06:35] {Threei} NUAN long, if 19.50 melts down
[06:35] {Threei} let's see where it bottoms out before triggering
[06:35] {Threei} under .35 I lose interest
[06:38] {Threei} lost
[06:40] {Threei} BRCM half lot short .34
[06:40] {bruce} ltd long vaed?
[06:40] {Threei} .36 trigger bruce
[06:40] {dino} sprd
[06:43] {dino} hl l .81
[06:43] {dino} stop .35
[06:44] {Threei} BRCM stop .46
[06:44] {dino} tighten to .47
[06:45] {Threei} .51 is valid too, but I prefer to keep them very tight today
[06:46] {BillyD} take out that bid we be good
[06:46] {Threei} yeah, .25 is defining
[06:47] {dino} avtr
[06:48] {Threei} moment of truth BRCM
[06:48] {BillyD} doing 1/2
[06:51] {Threei} chart wise, stop can be trailed to .41... but it was so tight to begin with, I'll just leave it where it is
[06:51] {Threei} to decrease the chance of shakeout
[06:51] {BillyD} u going for 1:1 on 1/2
[06:52] {Threei} yeah
[06:52] {Threei} was bidding .21, never got it
[06:52] {BillyD} tried .22 w/ no fill
[06:52] {BillyD} same here initially
[06:52] {Threei} that big bid at .20 kept it
[06:52] {BillyD} bumped up
[06:52] {Threei} and marklet bounce
[06:53] {Threei} (as soon as anyone figures out what markLet is, let me know please)
[06:53] {Threei} bounce was quite pathetic on BRCM
[06:53] {BillyD} out some at .23
[06:54] {Threei} got hit for some at .21
[06:54] {Threei} less than half though
[06:54] {Threei} gotta get it nor
[06:54] {Threei} or not
[06:54] {cosmo} ETFC salmon ...beats turkey
[06:54] {BillyD} bid at .20 getting smaller
[06:54] {Threei} yeah, bidder is having second thoughts
[06:55] {Threei} can't blame him really
[06:55] {Threei} LTD is holding like champ bruce
[06:56] {bruce} so far - yes
[06:57] {Threei} stop to .41 this time on BRCM
[06:57] {BillyD} ok
[06:57] {Threei} cosmo, ETFC CNBC'S FABER: COMPANY IN TALKS TO SELL ITSELF
[06:58] {cosmo} don't we all
[06:58] {Threei} yeah but Faber doesn't talk about us
[06:58] {Threei} for some unknown reason
[06:58] {cosmo} its early
[07:00] {BillyD} ss JADE .49
[07:01] {Threei} lol, I always get amazed when this kind is available for shorting
[07:02] {Threei} wow ETFC
[07:02] {Threei} bravo faber
[07:03] {Threei} we are not getting much conrtinuation on the downside
[07:03] {BillyD} no
[07:05] {Roman} long BRLC
[07:05] {Roman} 2.94 slow
[07:07] {bruce} thoughts on gsk as short continuation vad?
[07:07] {Threei} don't see any etup on it
[07:08] {Roman} CC
[07:08] {Roman} long
[07:08] {Roman} 5.87
[07:09] {Roman} full size
[07:09] {Threei} what's with it Roman?
[07:09] {Roman} mentioned on CNBC
[07:09] {Roman} also possible buyout
[07:09] {Threei} ty
[07:11] {dino} tsl l .35, hl
[07:11] {dino} stop .98
[07:12] {dino} silc pop
[07:17] {_lumdus} nvls was nice setup
[07:20] {BillyD} out BRCM
[07:23] {Threei} NVLS tries 2 days break
[07:23] {Threei} not sure how much we can trust it today
[07:24] {_lumdus} got in, i guess stop .29
[07:24] {Threei} what price did you get on entry?
[07:24] {_lumdus} .33
[07:25] {Threei} not bad for such a tight stop
[07:25] {_lumdus} don't like the action today .. if i get this fine, if not enough watch for me.
[07:25] {Threei} that's the theme of the day
[07:25] {Threei} low volume aumless wandering day
[07:26] {Threei} aimless
[07:26] {BillyD} BRCM just enough to stop Vad
[07:26] {Threei} NVLS looks salmonish
[07:26] {Threei} yeah
[07:27] {BillyD} Vad ? on BRCM setup
[07:27] {bruce} aumless?
[07:28] {Threei} [10:24] {Threei} aimless
[07:28] {BillyD} u didn't put too much thought into shorting it into yesterdays resistance at around .31 area w/ chart showing .20 support
[07:28] {bruce} ah
[07:28] {bruce} hought you meant almless
[07:28] {BillyD} it was a pivotal area from yesterday when I was watching
[07:29] {dino} tsl stopped
[07:29] {Threei} it was just a matter of market help with continuation Billy
[07:29] {_lumdus} nvls keeps consolidating at the top maybe good for another run
[07:30] {hawkfan4} Roman thx for CC, very nice
[07:30] {BillyD} ok..
[07:30] {Roman} out 1/2 CC +.36
[07:30] {Threei} yeah CC is a little gem
[07:30] {Roman} i think it got more
[07:30] {Roman} but need to lock in some profits
[07:31] {Threei} hard pullback ETFC
[07:33] {BillyD} Vad...did you see the reversal on ETFC pb
[07:34] {BillyD} was waiting for another little spike down
[07:34] {Threei} I still don't see it really :)
[07:34] {Threei} low volume bounce
[07:35] {Roman} scalped little ETFC vad, ty
[07:35] {BillyD} I meant the small bounce
[07:35] {Threei} it's a news/speculation driven stock
[07:39] {bruce} any read bont vad?
[07:40] {Threei} not with this volume
[07:40] {bruce} k
[07:40] {bruce} thanx
[07:47] {Threei} RIMM long small, stop under 113
[07:49] {bruce} l rimm .16
[07:58] {BillyD} anyone seeing any follow thru
[07:59] {dino} no
[08:00] {BillyD} ty....thought I was all alone....
[08:00] {BillyD} everyone left early and didn't tell me
[08:01] {esemde} Vad when does the market close our time
[08:02] {Threei} whipping out calculator
[08:02] {esemde} 9:30am
[08:02] {Threei} 1 pm - 3 h diff = 10 am
[08:02] {esemde} ah...ha
[08:04] {Threei} half out RIMM
[08:05] {BillyD} good one
[08:05] {Threei} stop to .09
[08:05] {Threei} and if I were smart I'd just take full scalp
[08:06] {BillyD} you're not?
[08:06] {Threei} apparently {G}
[08:07] {Threei} and here comes proof
[08:08] {BillyD} beauty of the mkt eh
[08:08] {_lumdus} wow that was a quick one, didn't even see it go up
[08:08] {Threei} it spent considerable time avoer .40
[08:09] {Threei} over
[08:11] {bruce} you were right - not much follow through today vad
[08:11] {dino} bidu lod
[08:12] {_lumdus} 3i, yes it did, just when you start trading again takes time to wake up. it's fine
[08:12] {Threei} wake up?
[08:12] {Threei} you mean you are not trading in your sleep?
[08:12] {Threei} I thought we all did
[08:17] {bruce} chnr pop
[08:18] {Threei} no news that I see
[08:18] {dino} hl l wynn .30, stop .89
[08:20] {bruce} bidz is trending today
[08:24] {dino} wynn stopped
[08:24] {bruce} yep - no worky wynn
[08:25] {dino} out sprd flat
[08:25] {dino} s rimm .79
[08:26] {_lumdus} maybe nvls go now
[08:27] {Threei} sure held very well
[08:28] {bruce} cc has held near top as well
[08:29] {_lumdus} i also like nyse stock sometime so i bought f
[08:29] {_lumdus} f = Ford
[08:32] {Threei} CSIQ some activity...
[08:33] {esemde} i stopped following it as per your instructions....will check it out
[08:33] {dino} stopped rimm, i suck today
[08:33] {esemde} well well wel,,,,,
[08:33] {Threei} it got upgraded by someone I've never heard about
[08:34] {bruce} its the market dino - not a lot of big moves today to retrace
[08:34] {esemde} too many analysts out there in my opinion
[08:34] {Threei} if there were 3 of them that would be 3 too many
[08:34] {dino} yeah, should've stayed home.
[08:35] {bruce} analysts are needed
[08:35] {bruce} the market makers use them to manipulate the naive public
[08:37] {esemde} definately....
[08:37] {esemde} or should i say .....indeed
[08:40] {bruce} lol
[08:40] {bruce} and you can add indubitably too ese
[08:41] {esemde} this is classic though.....dump the thing dow 4 bucks or so....institutions fill boots.....upgrade the stock......nahhhhhh...no manipulation in these markets....not at all
[08:41] {bruce} acgy vadster?
[08:41] {dino} tbsi l hl .10
[08:41] {bruce} acgy
[08:41] {bruce} sorry
[08:43] {bruce} remember that "if I hade a hammer" song" ese?
[08:43] {esemde} definately.....
[08:43] {bruce} can hum that tune too
[08:43] {bruce} if I had a nickel
[08:44] {_lumdus} nvls go little boy now !
[08:44] {bruce} for evry analyst fakeout
[08:44] {bruce} I'd be able to retire
[08:44] {bruce} and to buy my own country
[08:45] {bruce} hmm - its catchy
[08:46] {esemde} this is why Vads method of trading is the only way to go...i got tired of ....(use your own expletive deletive here!!!!)...types of trading. nothing but BS as far as i'm concerned
[08:46] * Threei opens his vocabulary of expletives
[08:47] {esemde} i can provide you with a few if you like?
[08:47] {Threei} happily... I lack in english part of it
[08:47] {Threei} russian is very rich though
[08:47] {esemde} vodka induced?
[08:48] {Threei} oh it stands on its own :)
[08:48] {Threei} russian is really really rich in that regard,lol
[08:48] {esemde} indeed.....
[08:49] {_lumdus} nvls to 27 i think
[08:49] {BillyD} nice one lumdus
[08:49] {Threei} very... typical salmon today
[08:50] {_lumdus} how is the volume today ? decent ?
[08:50] {Threei} by no means
[08:50] {esemde} my trading will be very limited for the next month anyway.....busiest time of the year for a musician.....26 events am booked for up until december 22nd.....too many details and things to think about....
[08:50] {Threei} wow
[08:50] {BillyD} out some Hade +.06
[08:50] {BillyD} JADE
[08:51] {BillyD} slow one
[08:51] {esemde} start with TD bank of canada christmas party tomorrow......fundraiser for Queen Alexandria hospital for children monday....and on it goes
[08:52] {dino} have fun w/it ese
[08:52] {esemde} hey.......maybe if i'm on the ball enough...i should ask TDbank if they wouldn't mind funding my trading account???hmmmmm
[08:53] {Threei} sure... but nooo, al you thought about was hot tellers at the party
[08:53] {esemde} tks dino...it is fun...have been doing it all my life
[08:53] {bruce} banks - give money?
[08:53] {Threei} lol... good one bruce
[08:53] {esemde} and they do have some
[08:53] {Threei} oxymoron isn't it
[08:54] {bruce} thats like - "analysts are poor honest folks" ese
[08:54] {esemde} yuk yuk yuk...
[08:56] {Threei} aren't they?
[08:57] {bruce} you bet vad
[08:57] {bruce} just ask any market maker
[08:57] {bruce} acgy continues
[09:05] {Roman} out CC in full
[09:05] {bruce} congrats roman
[09:06] {bruce} at the risk of missing a huge market move -
[09:06] {bruce} I'm going to call it a week here
[09:06] {Threei} I really doubt you are going to miss anything bruce
[09:07] {bruce} my thoughts too
[09:07] {bruce} have a great weekend all
[09:07] {bruce} see you monday
[09:07] {Threei} take care bruce
[09:07] {BillyD} cya
[09:07] {Roman} later bruce
[09:09] {Threei} you partialed any on NVLS, lumdus?
[09:10] {_lumdus} no not yet
[09:11] {_lumdus} but my stop is now .57 so locked in some nice profit
[09:12] {esemde} CSIG?...
[09:13] {esemde} THIN VOLUME
[09:16] {Threei} ETFC is trying again
[09:17] {Threei} 5.41 worth a try for scalp with .34 stop
[09:21] {_lumdus} nvls reloading again
[09:23] {BillyD} out rest JADE +.08...
[09:23] {Roman} market closes at 1:00 p.m. EST today?
[09:23] {BillyD} tes
[09:24] {Roman} ty
[09:24] {BillyD} yes
[09:25] {Threei} MLNM interesting
[09:29] {_lumdus} nvls & f starting to work
[09:31] {_lumdus} we close early today ?
[09:32] {Threei} [12:21] {Roman} market closes at 1:00 p.m. EST today?
[09:32] {Threei} [12:22] {BillyD} yes
[09:32] {_lumdus} thank you .. missed
[09:32] {_lumdus} 3i, you think EOD rally comming ?
[09:33] {Threei} equal chance for a drop
[09:34] {Threei} anyone's guess on a low volume holiday day
[09:34] {_lumdus} ok, i make close stop on nvls .67
[09:44] {_lumdus} stop on nvls .74 now
[09:46] {esemde} man...what was that upgrade on CSIQ....
[09:46] {Threei} I doubt it's an effect of that upgrade
[09:47] {esemde} NQ?
[09:47] {Threei} today is hard to use as an indicator, volume is too low
[09:47] {_lumdus} ok,
[09:47] {Threei} overall, CSIQ hit sweet spot for bounce, and as we discussed earlier, it's far from being done most likely
[09:48] {Threei} what I like about today's move on it though
[09:48] {Threei} it was sustainable slow steady move
[09:48] {Threei} no hysterical scream
[09:48] {esemde} so you figure more upward potential
[09:49] {Threei} sooner or later, yes... just hard to tell if it found the support yet
[09:49] {Threei} were today normal trading day I would say confidently yes
[09:49] {_lumdus} out nvls .85 nice weekedn all
[09:49] {Threei} good job lumdus
[09:49] {Threei} have a good one
[09:50] {_lumdus} thank you
[09:50] {dino} out tbsi .01 -.09
[09:50] {dino} calling it a week. taking monday and tuesday off.
[09:50] {dino} gj limdus
[09:51] {Threei} take care dino, get your rest
[09:51] {BillyD} cya dino
[09:52] {dino} thx
[09:55] {Threei} ok guys, thak you all, have a great weekend
[09:55] {Threei} see you LL ON mONDAY
[09:55] {BillyD} u 2
[09:55] {dptl} see ya monday :)
[09:56] {cosmo} what's a LL?
[09:56] {Threei} all with caps lock hit instead of A
[09:56] {Threei} which omitted a and capitalized LL
[09:56] {cosmo} sheesh
[09:57] {Threei} you asked :)
[09:57] {cosmo} :)
