Monday, November 26, 2007

November 26, 2007

Session Start: Mon Nov 26 00:00:00 2007

Session Time: Mon Nov 26 00:00:00 2007

[05:28] {bruce} morning all
[05:30] {BillyD} hi bruce
[05:34] {bruce} hi billy
[05:40] {Threei} HOKU AND SOLARFUN SIGN $306M POLYSILICON SUPPLY CONTRACT- Under the contract, up to approximately $306 million may be payable to Hoku during the eight-year period, subject to product deliveries and other conditions. The contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and continuing over an eight-year period from the first shipment, at set prices that wi
[05:40] {BillyD} morning Vad
[05:41] {Threei} Billy ;0
[05:41] {BillyD} ship date out there
[05:48] {dptl} good morning
[05:49] {bruce} hi dp
[05:50] {Threei} dp, bruce :)
[05:51] {cosmo} solarfun?
[05:52] {Threei} SOLF?
[05:52] {cosmo} ah
[05:58] {bruce} hi cosmo, vad
[05:59] {cosmo} bruce:)
[06:01] {esemde} morning all...
[06:02] {Threei} ese :)
[06:02] {esemde} supose to have snow here today Vad......I hope you didn't bring that with you from Winnipeg
[06:02] {bruce} hi ese
[06:03] {Threei} they promised it for Sat, never happened
[06:03] {bruce} lucky you ese
[06:05] {esemde} is HOKU a solar co.?
[06:05] {Threei} yeah
[06:06] {Threei} was real lagger during solars hoopla
[06:06] {esemde} tks am going to add it to my solar collection.
[06:10] {cosmo} ... it should be fun
[06:10] {Threei} solar fun
[06:10] {cosmo} yea
[06:10] {cosmo} wear a hat
[06:12] {esemde} thing of the future boys....until the sun burns out of course....
[06:13] {cosmo} sometimes i worry about cloud cover
[06:13] {esemde} well's.......wind generators....
[06:14] {cosmo} with photovoltaic blades?
[06:15] {esemde} is that legit cos?
[06:15] {Threei} GGBM
[06:15] {cosmo} give it a few years...hehe
[06:17] {esemde} have to do something thats for sure....Oil is a scarce commodity.
[06:17] {cosmo} i also look forward to photovoltaic auto paint
[06:18] {cosmo} ...they pay you to park your car...
[06:19] {esemde} ha ha.......ha ha....
[06:20] {BillyD} Vad...any favorites so far
[06:20] {cosmo} HOKU must hold 8 .. i think
[06:21] {esemde} CSIQ going nuts....
[06:21] {esemde} news?
[06:21] {Threei} HOKU of course... not favorite per se, on watch
[06:21] {Threei} yes ese
[06:21] {Threei} - The continuation of our collaboration with Gintech is in line with long-term supply strategy, which includes direct purchasing from a selected number of long-term strategic cell suppliers in addition to our internal solar cell production
[06:21] {Threei} 1 min ago
[06:22] {esemde} lots of good news coming out on this stock last week and a half....
[06:22] {esemde} contract after contract
[06:24] {Threei} we assigned "far from done" status to this one... good to see it lives up to expectations
[06:24] {esemde} is it good enough to help it get by 5yr high of 18.88
[06:24] {esemde} i wonder...
[06:28] {BillyD} HOKU is shortable Laser
[06:33] {Threei} remember LUNA?
[06:33] {BillyD} do wewant to
[06:33] {Threei} lol
[06:34] {Threei} was aiming for 8 a few days ago when we first mentioned it
[06:34] {Threei} still verry tough one, low volume
[06:34] {Threei} sneaky climber
[06:34] {cosmo} and a heartbreaker...
[06:37] {Threei} PLUG?
[06:37] {Threei} don't see news
[06:38] {bruce} cree
[06:39] {Threei} CPSL 5.40 break risky long
[06:40] {Threei} 5.24 stop
[06:41] {esemde} GLYT being bought out...up 50% to 94.00 smackers
[06:41] {Threei} half out CPSL
[06:41] {Roman} ZIXI long
[06:41] {Threei} scalpers take profit
[06:41] {esemde} thats one of those dreamin stocks...."what if you'd bought 1000 shs on friday"?
[06:41] {BillyD} good one...missed it
[06:44] {Roman} long ASIA
[06:44] {Roman} slow, had news in the mronig
[06:45] {Threei} 08:03am [ASIA] Announces contract to upgrade China Telecom online self service center
[06:47] {Threei} BRCM short half lot, .91 stop
[06:47] {Threei} first weakness from here
[06:48] {Threei} invalidated if breaks .90
[06:49] {Threei} in
[06:49] {BillyD} .80 here
[06:49] {Threei} 10 cents stop, worth a try
[06:49] {Threei} stocks stays in red while NQ is up 13 points
[06:50] {Threei} wouldn't uptick more than 5 cents while NQ up 3 points
[06:51] {Threei} over 1:1 already
[06:51] {Threei} 1:2, half out
[06:51] {Threei} scalpers take profit
[06:52] {Threei} easy money... my favorite kind
[06:53] {BillyD} yeah
[06:53] {Threei} slap instant gratification on top of that, you have dream come true
[06:53] {BillyD} lol...out in full ty
[06:53] {Threei} welcome :)
[06:53] {esemde} well done all enjoyed watching that....
[06:54] {Threei} only watching?
[06:54] {Threei} SCON?
[06:54] {esemde} yes i'm afraid so vad......tons of work on my desk here....
[06:54] {Threei} oh
[06:54] {Threei} sorry
[06:55] {esemde} am doing both.....busy season for me....
[06:55] {Threei} yeah, you described it last week
[06:55] {Threei} sounded intimidating :)
[06:55] {esemde} it is but fun.....still learning from you all though
[06:56] {Threei} stop to .71 for second half
[06:57] {bruce} was that capitulation trade vad?
[06:57] {esemde} i'm still participating in a small way....bought 100 shs of CSIQ at 14.50 frday to swing trade it
[06:57] {Threei} capitulstion?
[06:57] {Threei} capitulation is a long play on quick selloff
[06:57] {Threei} bottom fishin
[06:58] {Threei} that was short on relative weakness,
[06:58] {Threei} aggressive entry close to resistance
[06:58] {Threei} out BRCM
[06:58] {bruce} k - thoght it just menat overextended in either direction
[06:58] {Threei} overextended upward is euphoria,
[06:58] {BillyD} took MLMN for scalp earlier and it kept going
[06:59] {Threei} and in ane case, it refers to trend reversal play
[06:59] {Threei} BRCM short was trend continuation
[06:59] {bruce} yep - figured that
[06:59] {Threei} :)
[06:59] {Threei} wtg Billy
[06:59] {Threei} I can't come to agreement with this one
[06:59] {BillyD} was your mention from Friday
[07:00] {BillyD} well...reason for .18 scalp
[07:00] {Threei} yes... I just get shaken out on it more often than I get it right
[07:00] {Threei} its rhythm is not exactly my thing I guess
[07:02] {Threei} ESLR
[07:02] {Threei} trying to catch up with solar revival
[07:02] {BillyD} this one shakes me when it is back to normal
[07:02] {BillyD} JADE acting up
[07:03] {BillyD} not in or chasing here
[07:03] {Threei} DSTI too
[07:03] {Threei} don't jump on any of them
[07:04] {Threei} at this point it's unclear whether mania is back or it's just a water-testing
[07:04] {Threei} my personal feeling is, solar mania will be back and soon enough, but it's not on yet
[07:04] {esemde} DSTI is that solar as well
[07:04] {Threei} yup
[07:04] {Threei} (I think)
[07:05] {BillyD} DSTI....pick entry carefully
[07:05] {BillyD} lol
[07:05] {Threei} when it comes to fundamentals, sectors etc, double chech me please :)
[07:05] {esemde} my solar screen is a sea of green this morning
[07:05] {Roman} long JRJC
[07:06] {Roman} very small
[07:06] {Threei} to me, "it's forming a setup, risk is within my tolerance" is fundamental enough, lol
[07:07] {Threei} FSLR seems to be leading the charge
[07:07] {Threei} ASTI and SOLF are not too hot
[07:07] {Threei} so looks like at this point mania is not really widespread
[07:08] {BillyD} good observation
[07:08] {Threei} tail is not following the head confidently
[07:08] {BillyD} but there is a pulse
[07:10] {Threei} CSUN
[07:10] {Threei} no news that I see
[07:11] {Threei} you are up 2 points of your CSIQ ese
[07:11] {Threei} nicely done
[07:12] {Threei} my understanding is stop was under 14... so it's 1:1 here
[07:13] {Threei} scary trade:
[07:13] {Threei} SEED
[07:13] {Threei} 5.93 long
[07:13] {Threei} stop under .75
[07:14] {esemde} yes...100 shs...
[07:14] {esemde} my stop is at 14
[07:15] {esemde} am gonna let this ride for the rest of the day....and see what happens
[07:15] {Threei} figured that... "I am watching you... I am right behind your shoulder"... (in my best lame horror-movie voice)
[07:15] {esemde} slow and steady hopefully....
[07:16] {esemde} can't really make any money this way but a stress free way to participate until work load dies down a bit
[07:21] {BillyD} HOKU may be a short coming up here
[07:21] {BillyD} just so jumpy
[07:22] {bruce} gigm vad?
[07:22] {Threei} chart is right...
[07:22] {Threei} it's not an easy one to trade
[07:22] {Threei} worth a try half lot
[07:22] {BillyD} GIGM tough imop
[07:23] {Threei} .63 trigger
[07:23] {Threei} by just personality of this stock, I'd say 55/45 trade :)
[07:24] {bruce} not worth it then
[07:26] {_lumdus} .63 trigger on what stock
[07:27] {Threei} GIGM lumdus, answering bruce's question
[07:37] {Threei} forget GIGM
[07:39] {bruce} lol - already did
[07:39] {bruce} any read ffiv vad?
[07:40] {BillyD} HOKU steam
[07:42] {BillyD} any read HOKU Vad
[07:44] {Threei} trying to get a feel for it... not much luck so far
[07:44] {BillyD} it seems to keep you on edge
[07:44] {BillyD} because of its personality
[07:45] {Threei} FFIV... I am not delighted bruce
[07:45] {Threei} kind of marginal trade... not compelling
[07:45] {Threei} I prefer my trades to make me grab them
[07:46] {bruce} k - I thought it was settingh up as a short
[07:46] {Threei} it did as NQ broke down
[07:47] {bruce} yup
[07:47] {bruce} read it right for once
[07:53] {BillyD} FFHL moving
[07:53] {BillyD} days like today u see thes nice moves w/ low volume w/out you
[07:55] {Threei} MENT?
[07:56] {Threei} BRCM another shor setup is coming
[07:56] {Threei} .18 trigger
[07:56] {Threei} .19
[07:56] {Threei} .31 stop
[07:56] {BillyD} in
[07:58] {Threei} LOCM activity
[07:58] {esemde} still a weak market looks like......
[08:00] {esemde} thas another stock that should take off at some point
[08:01] {Threei} LOCM?
[08:01] {esemde} yes
[08:05] {Threei} stopped BRCM
[08:05] {BillyD} yeah
[08:09] {BillyD} charts not loading here
[08:09] {Threei} yes
[08:09] {esemde} HOku at highs...
[08:09] {Threei} yeah, HOKU worth a try half lot .63
[08:09] {Threei} if stays above .45
[08:11] {BillyD} u n Vad
[08:11] {Threei} yes
[08:12] {Threei} missed SCON...
[08:23] {BillyD} BRCM works now
[08:23] {BillyD} NQ spiked us out
[08:23] {Threei} yeah
[08:29] {Threei} charts are coming back
[08:30] {BillyD} yes
[08:31] {Threei} out HOKU
[08:31] {Threei} not confidence
[08:31] {Threei} maybe goes maybe not
[08:32] {BillyD} i got out earlier around even...then rentered .45 for scalp of about .12
[08:32] {Threei} good way to play it
[08:32] {BillyD} pullbacks
[08:35] {Threei} this teleporting is what I dislike on HOKU
[08:35] {BillyD} u are at the mercy
[08:35] {Threei} got ready to break .75, all opf sudden it's 10 cents lower
[08:36] {BillyD} if u can call it mercy
[08:36] {BillyD} lol
[08:48] {BillyD} some fun today eh
[08:49] {Threei} normal fopr monday after holiday
[08:50] {Threei} hangover you know
[08:50] {BillyD} well....I feel better now...hehe
[08:58] {Roman} CTDC
[09:11] {Threei} BEAV
[09:11] {Threei} .21 long trigger, half lot
[09:12] {Threei} 43.09 stop
[09:13] {Threei} maybe too tight... if prefer .04, adjust shares accordingly
[09:15] {Threei} FSLR continues
[09:19] {Threei} wow... look at SWAT spread
[09:19] {Threei} is it even legal?? :)
[09:19] {BillyD} only if you participate
[09:24] {esemde} have a great day everyone.
[09:24] {Threei} take care ese
[09:25] {BillyD} bye ese
[09:26] {bruce} bye ese
[09:28] {bruce} frpt - any read vad?
[09:29] {Threei} 13.10 for scalp
[09:29] {Threei} 12.94 stop
[09:29] {Threei} be careful with this one, it can be quite treacherous
[09:31] {bruce} thanks
[09:42] {Threei} BEAV stop to .14
[09:58] {Threei} DISH
[09:58] {Threei} MOVES HIGHER AFTER THESTREET.COM SAYS TALKS WITH AT&T HAVE COOLED BUT TALKS CONTINUE- source says talks are ongoing about a price in the $60's. Another source says the deal is still happening, just at a slower pace
[10:06] {bruce} daily volume on beav has been dropping last few days vad
[10:06] {bruce} what makes it a good intraday candidate today?
[10:07] {Threei} intraday setup?
[10:07] {bruce} lol
[10:07] {Threei} there is clean JBE on 1 min
[10:07] {bruce} I'm leery of long consolidations
[10:07] {Threei} lower volume on Fri- it was half day don't forget
[10:08] {bruce} I see the [pattern OK but have seen them fail a lot
[10:08] {bruce} true
[10:09] {Threei} in any case, it hit 1:1 twice
[10:09] {Threei} and does it now for a third time
[10:11] {bruce} yup- worked well
[10:11] {bruce} it'sa really obvious pattern
[10:12] {bruce} and I've had a really low succes rate
[10:12] {bruce} with that long breakout pattern
[10:12] {Threei} this is one of my most traded patterns... with very nice success rate
[10:12] {Threei} most of my calls you see are of this kind
[10:14] {bruce} for me - the short consolidations rok fine
[10:14] {bruce} the ones over 30 minutes fail a lot
[10:14] {Threei} this is normal
[10:14] {Threei} same thing with most breakout setups
[10:14] {Threei} triangles are famous for this pattern for instance:
[10:15] {Threei} if breeak occurs with 2/3 till apex, chance of successful break is much higher
[10:15] {Threei} with = within
[10:15] {bruce} k
[10:15] {bruce} neverr put a number to it
[10:15] {bruce} but have noticed exactly that
[10:15] {bruce} the longer they continue
[10:15] {Threei} if I remember correct, TTR mentions this distinctions too
[10:15] {bruce} less likely they will work
[10:16] {bruce} they're beautiful fakeouts
[10:16] {bruce} suck more and more people in - then reverse
[10:18] {Threei} open your copy of TTR, page 142
[10:18] {Threei} Miscullaneous Points
[10:18] {Threei} Point # 1
[10:20] {bruce} k
[10:41] {Threei} out BEAV .40 and .41
[10:44] {BillyD} gj
[10:44] {Threei} booooring trade
[10:45] {Threei} but, you know... bore me with profit
[10:45] {BillyD} profitable
[10:45] {Threei} I am willing to be bored all the way to the bank
[11:00] {bruce} nice play w beqav vad
[11:00] {Threei} ty
[11:00] {Threei} too bad BRCM choose to shake us out first
[11:00] {Threei} would be a very nice short
[11:00] {Threei} especially if we went into coma and forgot we had it
[11:01] {bruce} lol
[11:01] {bruce} I'd like to do some longer holds
[11:02] {bruce} but working on just getting profitable w scalps first
[11:02] {bruce} have to head out
[11:02] {bruce} see you all in am
[11:02] {BillyD} cya
[11:02] {Threei} take care bruce
[11:04] {cosmo} MLNM hod = 14.94 fwiw
[11:06] {cosmo} SKIL tests @ 10
[11:23] {Threei} NVDA long with .14 stop
[11:23] {Threei} first strength from here
[11:25] {Threei} in
[11:25] {Threei} 5 cents stop
[11:26] {BillyD} same here
[11:27] {Threei} lol... 1;1 is reached {G}
[11:27] {Threei} not selling of course
[11:28] {BillyD} lol
[11:28] {Threei} first half out above .30
[11:28] {BillyD} ok
[11:29] {Threei} beauty of aggressive entry
[11:33] {BillyD} out some here
[11:33] {Threei} perfect example of anticipatory trade
[11:34] {Threei} NQ looked like upward turn at the moment,
[11:34] {BillyD} they are always perfect when they work
[11:34] {Threei} .31 looked like long trigger with .14 stop,
[11:34] {Threei} NVDA sat sloce to support,
[11:34] {Threei} making aggressive entry very low risk one
[11:34] {BillyD} yes
[11:35] {_lumdus} csco above 27.80 i think
[11:35] {Threei} and before cosmo asks... sloce is close typed by dyslexic
[11:37] {_lumdus} in csco .80
[11:42] {BillyD} Vad...stop still .14
[11:43] {Threei} yup
[11:46] {BillyD} out
[11:50] {Threei} in again
[11:50] {Threei} just a quick scalp
[11:50] {Threei} .99 stop
[11:52] {_lumdus} would be nice a reversal hre
[11:52] {Threei} good chance for that, and very tight stop
[11:52] {Threei} can take play like this just on risk alone
[11:52] {Threei} out half .10
[11:53] {_lumdus} oh.. just looking for pennies today. hey better then losing
[11:54] {_lumdus} i still like csco if we can get some reversal
[11:54] {BillyD} it seems when I look for more than pennies today...I give back the other half of the first pennies
[11:54] {Threei} this is lunch time, this is Monday, jerky shaky market, several nice wins under the belt...
[11:54] {Threei} don't need much right now
[11:55] {_lumdus} small jerkey pops . that's about it, can't get much more then .001
[11:56] {Threei} .001?
[11:56] {Threei} that would be a bit too small :)
[11:56] {Threei} out balance
[11:56] {BillyD} in MLNM .96
[12:04] {BillyD} mkt not helping
[12:06] {Threei} well, your stock is sitting tight
[12:06] {Threei} I'd say, good pick
[12:06] {BillyD} lol
[12:06] {BillyD} talk more please
[12:06] {Threei} {MLNM} oh you think you can talk me down?
[12:07] {BillyD} ok...fess up you hit the fat finger
[12:07] {Threei} nope... I am in coma
[12:08] {Threei} {market} since when it kept you from trading...
[12:13] {BillyD} MLNM now
[12:13] {BillyD} now I said
[12:13] {BillyD} Vad...start singing
[12:14] {Threei} oh you don't want that
[12:14] {Threei} believe you me
[12:15] {BillyD} I guess I need to think of your family
[12:15] {Threei} when I sing people break windows in futile attempt to escape the horror
[12:16] {BillyD} lol
[12:17] {BillyD} have mad some anticipatory trades and then rationalized maybe I was guessing too much only too bail and then see them do what you anticipated
[12:17] {BillyD} gotta stick w/ the small voice inside
[12:17] {Threei} if you ever see ese running for cover, desperately trying to get asylum in another country and complaining to UN about cruel and unusual punishment or torture - you know I sang in his presence
[12:17] {BillyD} roflol
[12:19] {Threei} out MLNM .07
[12:19] {Threei} ty billy :)
[12:20] {BillyD} yw
[12:20] {BillyD} out 1/2 +.10
[12:26] {Threei} whoa CSIQ
[12:26] {Threei} serious selloff
[12:26] {Threei} due to bounce
[12:26] {Threei} in half lot
[12:26] {Threei} stop under .50
[12:30] {Threei} won't let it lose .75 on me
[12:30] {Threei} out
[12:30] {Threei} lousy +.6 cents...
[12:30] {Threei} wanted much bigger bounce but not going to risk another sharp drop
[12:30] {BillyD} yeah
[12:34] {_lumdus} put stop oat break even for csiq
[12:36] {BillyD} out rest MLNM +.06
[12:39] {Threei} good out Billy
[12:40] {BillyD} thx....spinning wheels day here
[12:40] {Threei} quite nice day money wise
[12:40] {Threei} boring, yeah
[12:40] {BillyD} that guy picks on everyone
[12:40] {Threei} but I really don't mind
[12:40] {BillyD} not $ day for me
[12:41] {Threei} I think you undersize those aggressive entry plays
[12:41] {BillyD} that is exactly part of problem
[12:41] {Threei} when I have 4-5 cents stop on liquid stocks I don't really hold back
[12:42] {BillyD} then I find I have to keep pushing trades
[12:42] {Threei} with such tiny stop and potentially small target, why not play bigger size
[12:42] {BillyD} my better trades earlier I got small fills
[12:42] {BillyD} your right though.....
[12:43] {Threei} 12 cents is fine with 1K, not much sense with half lot, considerably nice with 2-3K
[12:43] {Threei} that's the point of agressive entries, right?
[12:43] {BillyD} yeah......this is then conclusion I have been coming to
[12:43] {Threei} to minimize the stop
[12:44] {Threei} so your risk is smaller
[12:44] {BillyD} just in my trades overall....I need to increase size unless volatility doesn't warrant
[12:44] {Threei} but your risk tolerance is the same
[12:44] {Threei} you would cut down shares size if play required wider stop
[12:44] {BillyD} yes
[12:44] {Threei} so why wouldn't you increase size when play allows for a very tight stop...
[12:44] {Threei} works both ways :)
[12:45] {BillyD} true :)
[12:47] {_lumdus} so let's have some good old rally eod at least... comon
[12:57] {Threei} not much of a rally... oh well
[13:02] {Threei} thank you all
[13:02] {Threei} havce a good evening, see you tomorrow
[13:02] {BillyD} cya tomorrow