Friday, January 4, 2008

January 4, 2008

Session Start: Fri Jan 04 00:00:00 2008

Session Time: Fri Jan 04 00:00:00 2008

[06:03] {lumdus} morning all. when is our leader comming back ?
[06:05] {bruce} morning lum
[06:06] {bruce} no idea
[06:06] {cosmo} 2012?
[06:07] {bruce} he,s probably in nigeria as we speak
[06:08] {cosmo} quetzalcoatl?
[06:09] {bruce} timbuktu
[06:10] {BillyD} morning all
[06:10] {BillyD} lum, I think mon or tues
[06:10] {bruce} morning billy
[06:10] {lumdus} tx billD
[06:11] {magoo} morning rt
[06:11] {BillyD} magoo :)
[06:11] {patience} morning guys
[06:11] {lumdus} maggo
[06:11] {BillyD} patience :)
[06:12] {bruce} hi patience
[06:13] {bruce} heard the new marketing campaign for edge?
[06:13] {bruce} Are you "too rich"?
[06:13] {bruce} has your trading become boring and routine?
[06:13] {bruce} trade the DIRECT EDGE!
[06:14] {bruce} our delayed quotes will add a new level of excitement to your trading experience
[06:14] {bruce} imaigine -
[06:15] {bruce} being able to see in your level 2 screen exactly what a stock was doing 2 minutes ago
[06:15] {bruce} or 3
[06:16] {bruce} now you can trade with reckless abandon
[06:16] {bruce} realizing that with the direct edge you have no clue what a stock isdoing!
[06:17] {bruce} catchy don't you think?
[06:17] {cosmo} it must be double edged...
[06:18] {esemde} morning all...
[06:18] {BillyD} ese:)
[06:19] {esemde} billy
[06:19] {BillyD} solars not in favor so far
[06:19] {dino} gm all
[06:19] {BillyD} :)
[06:19] {esemde} yes.....noticed that
[06:19] {esemde} dino
[06:19] {BillyD} AKNS holding up the best so far
[06:19] {esemde} any particular reason?
[06:20] {BillyD} busineek mention I believe
[06:20] {BillyD} it's on yahoo
[06:20] {BillyD} businessweek
[06:28] {BillyD} gonna be patient today
[06:28] {magoo} do not fight the mkt today in..if downm is thge day..think short
[06:29] {magoo} we need to see if breakouts fail..
[06:29] {BillyD} thye did yesterday
[06:29] {BillyD} for the most part
[06:29] {magoo} yes
[06:29] {esemde} excellent point magoo....
[06:29] {lumdus} so let's all post what we are doing - so we watch each others back .. good idea ?
[06:33] {dino} fxp
[06:34] {lumdus} can't get level II on fxp
[06:35] {dino} didn't fill
[06:35] {magoo} i was rejected on buy of fxp, billy, see if u can put a buy in on it..just where it will not fill
[06:36] {BillyD} nope
[06:36] {BillyD} won't wokr
[06:36] {BillyD} work
[06:36] {magoo} nope, u will not try lol..or no to avail to buy?
[06:37] {BillyD} lol...says invalid symbol
[06:37] {magoo} ok, ty..its w/bear than
[06:38] {Roman} long HSOA small
[06:38] {Roman} 1.25
[06:39] {bruce} arca delayed this am
[06:40] {dino} sigm l .65
[06:41] {dino} nyx l .25
[06:41] {Roman} DSTI
[06:41] {Roman} long 6.5
[06:41] {Roman} 1/3 size
[06:43] {Roman} CSIQ possible bouncer from here
[06:43] {bruce} dsti stop about 6.30 roman?
[06:44] {Roman} 6.28
[06:47] {Roman} ANKS radar
[06:47] {esemde} akns....theres one break that didn't fail
[06:48] {esemde} .66 level
[06:50] {magoo} careful
[06:51] {dino} out nyx .65, +.40
[06:52] {Roman} HOKU srtong
[06:54] {Roman} long MGPI 9.87 small
[06:55] {BillyD} in CTDC .10 small
[06:56] {bruce} mgpi stop?
[06:57] {Roman} it's super thin
[06:57] {Roman} so a stop would be 9.55
[06:57] {bruce} k
[06:58] {BillyD} out ctdc -.03
[07:00] {Roman} ECONX ISM Services 53.9 vs 53.5 consensus
[07:03] {Roman} out DSTI +.30
[07:03] {Roman} out MGPI
[07:03] {BillyD} PEIX has life
[07:03] {Roman} MGPI should following PEIX
[07:04] {Roman} NQ is freaking me out
[07:04] {magoo} loooks weak
[07:04] {magoo} nice dsti
[07:05] {Roman} probably not done, will spike over 7
[07:05] {Roman} XMSR
[07:05] {Roman} feels long
[07:06] {Roman} HSOA -.11
[07:07] {Roman} HOKU just sqeezing
[07:08] {magoo} i have no success w/HOKU tho
[07:09] {lumdus} same here magoo. had it and washe me quickly
[07:09] {dino} fast trades, sorry for not posting
[07:09] {magoo} well, size down lum if u feel u have good read on general direction
[07:09] {BillyD} HOKU: sometimes it continues and sometimes if not taking profit it quickly offers a stop
[07:09] {magoo} as in..400 shares or 300
[07:10] {magoo} my prob is..i never notice it until its already up good..then i go for next breakout and it f's meb
[07:10] {BillyD} very true
[07:11] {lumdus} yeah make sense
[07:11] {BillyD} SEED hot today
[07:12] {Roman} long JADE
[07:14] {cosmo} EMKR gets CNBC bump
[07:14] {cosmo} a solar co.
[07:15] {Roman} ENER mentioned tooo
[07:15] {cosmo} watching
[07:16] {Roman} NFF
[07:16] {Roman} NBF
[07:17] {Roman} in 2.90
[07:17] {magoo} nothing comes up w/nbf otr nff
[07:18] {Roman} JADE stop 4.30
[07:18] {Roman} NBF
[07:18] {Roman} Nove Biosource
[07:18] {Roman} Nova
[07:18] {BillyD} does here magoo
[07:19] {magoo} not for me, it it amex or bulletin board?
[07:19] {BillyD} amex
[07:19] {magoo} ok
[07:19] {Roman} it was mentioned on CNBC
[07:20] {esemde} serious NAZ breakdoen today.... below support
[07:21] {esemde} sorry not quite ...about 2550 would be it
[07:24] {dino} \]fxp l .85
[07:25] {Roman} out NBF flat
[07:31] {dino} out fxp flat
[07:34] {dino} tbsi l .35
[07:47] {magoo} vads timing was great
[07:47] {magoo} took the right days off
[07:47] {magoo} this is one mean mkt
[07:47] {magoo} both ways
[07:48] {BillyD} yeah, have tried aggressive plays and traditional and seemed to get stoppoed more often
[07:50] {esemde} agreed billy.....can't seem to find anything on my side as well
[08:03] {dino} dow down 4.4% in 5 days
[08:04] {dino} comp worse, 6%
[08:04] {magoo} down 75 naz..pretty big hit
[08:06] {BillyD} Happy New
[08:07] {magoo} some day i am going to trust my overall read
[08:07] {BillyD} roflol
[08:07] {magoo} i shorted 200 shares of bidu from 370 and covered 366
[08:07] {magoo} BUT, i really felt it was going to lows
[08:07] {magoo} need to buy 100 shares and just let it go
[08:08] {magoo} gave up 7 points
[08:08] {BillyD} do it next time if same feeling
[08:08] {bruce} sds strong today
[08:09] {BillyD} I start thining lock in profit....and I ended up exiting 2nd half as well
[08:09] {BillyD} and stock continues to where I thought
[08:10] {magoo} yeah..thats the problem
[08:11] {magoo} if reverses hard and stops u first..u pissed you gave up the 4 pts
[08:11] {magoo} do not know the answer
[08:11] {BillyD} well...I think answer is accepting the outcome no matter what happens
[08:12] {BillyD} I think once we trust ourselves more the ones to exit and the ones to hold will become more clear
[08:17] {lumdus} very tough out there today. i am so flaat
[08:19] {magoo} u are fat??
[08:20] {bruce} don't be rude mags
[08:20] {lumdus} just a little profit
[08:20] * bruce slaps magoo around a bit with a large trout
[08:20] {magoo} how about a slap for that bruce lol?
[08:20] {magoo} he he
[08:20] * bruce slaps magoo around a bit with a large trout
[08:20] {magoo} as typed
[08:20] {bruce} k
[08:20] {bruce} thers another
[08:23] {BillyD} I like the way SEED holds
[08:27] {BillyD} kiss of death lol
[08:29] {magoo} akns held well
[08:35] * Chaeron slaps magoo around a bit with a large trout
[08:36] {magoo} hey bud:)
[08:36] {bruce} market reverszl here or getting ready for next leg down?
[08:36] {Chaeron} :) good to see everyone, except most are missing
[08:36] {BillyD} we'll see bruce
[08:37] {BillyD} hard to say
[08:37] {bruce} lol chaeron
[08:38] {Chaeron} they're all slackers
[08:38] {bruce} nothing wrong with that
[08:38] {bruce} would love to be a good trader - make great money
[08:38] {bruce} and take lots of days off
[08:38] {dptl} good morning all
[08:38] {bruce} hey dp
[08:42] {magoo} shit bruce..i thought u were..i been taking all your picks
[08:42] {magoo} dp:)
[08:42] {bruce} christ
[08:42] {bruce} I've been taking yours
[08:43] {lumdus} yeah bruce i though you the best
[08:43] {bruce} well thanx lum
[08:43] {bruce} I try to add some entertainment factor to the room at any ratte
[08:45] {bruce} nvda long off .6?
[08:46] {BillyD} I would wait for a mkt spike of some sort
[08:46] {BillyD} imo
[08:46] {magoo} if qqqq heads up..i like 100 shares bidu long..tends to follow naz/qqqq
[08:47] {magoo} give it point half stop and try to lay out 2-3 points
[08:47] {magoo} needs mkt help tho
[08:47] {magoo} and u must obey the stop
[08:49] {magoo} may noit develope
[08:49] {magoo} qqq could roll here
[08:49] {bruce} yep - starting to look like we may have serious red day today
[08:51] {dino} bounce coming into lunch imo
[08:55] {bruce} taking a break here
[08:55] {bruce} check refrig for something to bounce
[08:56] {dino} sgr l trig .00
[09:19] {dino} out sgr .13, +.13
[09:20] {dino} stupid, had .55
[09:22] {Roman} JADE getting ready for $5
[09:22] {dino} holx
[09:25] {esemde} what are you thinking about doing with it dino?
[09:25] {esemde} shorting
[09:29] {dino} y
[09:30] {dino} at ,99
[09:30] {esemde} tks..
[09:31] {esemde} I may join you....i have to learn to short....i don't do much of it
[09:32] {dino} stop is hod
[09:32] {dino} stopped
[09:32] {dino} strong
[09:33] {dino} rinsed
[09:38] {Roman} out JADE +48
[09:39] {Roman} .38
[09:40] {esemde} HOLX strong indeed dino
[09:42] {dino} argn l .50
[09:49] {Roman} in HAUP swing (swing) small
[09:49] {Roman} risky
[09:50] {bruce} argn stop .15 or so dino?
[09:56] {dino} .23 for me
[09:56] {bruce} k
[10:03] {dino} stopped, i pretty much suck today
[10:03] {dino} back in 10
[10:04] {bruce} I can't make reversla plays work so far this yr dino
[10:04] {lumdus} there is no follow through on anything yet .. NVDA triggererd and then bounce - what the heck !
[10:04] {bruce} sorry lum
[10:04] {dino} same problem bruce, and unfortunately, thats my thing
[10:05] {bruce} may be better next week w volume picking up dino
[10:05] {bruce} hope so
[10:05] {BillyD} it seems pullbacks into areas of good support is best odds
[10:05] {BillyD} and you can't be too early it seems
[10:07] {BillyD} overall it is a mixed bag in some working and some not
[10:07] {lumdus} quick scalps only .10 max
[10:07] {BillyD} yes lum
[10:08] {BillyD} then ones goes .40 and throws you off
[10:09] {bruce} or you exited and kick yourself
[10:09] {BillyD} exactly bruce
[10:10] {lumdus} exactly hat's happening to me today. frustrating.
[10:10] {bruce} the 10 cs add up if you can avoid to o many stops
[10:13] {magoo} magoo wacks head on keyboard..wakes up..what i miss??
[10:16] {dino} nothing magoo, go back to sleep
[10:17] {bruce} just broken keyboard mags
[10:17] {bruce} possible scalp brcm
[10:18] {lumdus} magoo, nothing but stops today. crazy
[10:18] {bruce} .20 w .09 stop
[10:28] {magoo} see, i lucked out..went 2 for 2...and do not want to give it back..this market blows imho
[10:28] {magoo} only did 2 trades
[10:29] {lumdus} good for you magoo. should have also done that. i blew my profit and now down
[10:29] {lumdus} i wait for the setups take them and they blow
[10:29] {lumdus} had a few good ones
[10:30] {bruce} sounds like you did well yesterday lum?
[10:30] {lumdus} yes, yesterday was awesome
[10:30] {lumdus} today i can't get it together yet
[10:30] {lumdus} i shorted brcm, the damm thing wont move
[10:31] {dino} sgr l .55
[10:38] {esemde} dammmmm....BMRN bouth the break.....and now!!!!!!!!
[10:39] {lumdus} dammn brcm not moving yet
[10:39] {esemde} out ....forget it man......this day &^%*&% ...
[10:40] {lumdus} you said it ese
[10:40] {esemde} bull trap....i believe they call it
[10:40] {magoo} lows of day here
[10:41] {magoo} can't imagine people wanting to run it up into a weekend, with end of world and all coming
[10:41] {lumdus} breaks, reverse.. not much good follow throuh yet
[10:42] {esemde} end of the world........????
[10:43] {lumdus} you missed it essse
[10:43] {esemde} phewwwww
[10:47] {dino} shorts may decide to cover, and pop it up
[10:47] {dino} bear markets shorts cover friday....bull markets long sell fridays was how we used to play
[10:48] {dino} but then again.......
[10:48] {lumdus} rules are chaning it seems.
[11:01] {dino} rgen drop
[11:11] {lumdus} finally damm aapl
[11:38] {magoo} .
[11:38] {magoo} lll
[11:38] {lumdus} llll ?
[11:39] {lumdus} magoo you have the good overall pic for the market you called it great !
[11:40] {dino} lod's
[11:41] {dino} going for -300 dow
[11:47] {patience} what a day...7 trades, $10 profit...shake my head and bang it against the table
[11:47] {BillyD} roflol
[11:48] {BillyD} pretty much same thing here patience
[11:48] {patience} i get into a trade and it goes to sleep
[11:49] {bruce} smart patience
[11:49] {bruce} beats wrecking a keyboard like mags
[11:49] {BillyD} I amshort DSTI at .53 and while mkt is selling it won't go down
[11:50] {patience} i'm waiting for the last 15 minutes of the day to see if there are indications for next week, otherwise I'm just sitting and doing nothing
[11:53] {lumdus} thatt's why you called patience
[11:54] {dino} pretty brutal week
[11:55] {dino} comp -3.75% in a day
[11:58] {dino} c'mon run it up 100 into the close
[12:02] {bruce} now mags -
[12:02] {bruce} if you'd just shorted market on open
[12:02] {Chaeron} if...
[12:02] {bruce} and gone to sleep for rest of day!
[12:02] {dino} brb
[12:04] {patience} only money i made was on sds which you mentioned earlier bruce
[12:10] {magoo} i know whats wrong
[12:10] * magoo slaps Chaeron around a bit with a large trout
[12:10] * magoo slaps bruce around a bit with a large trout
[12:10] * magoo slaps BillyD around a bit with a large trout
[12:10] * magoo slaps Roman around a bit with a large trout
[12:11] * magoo slaps dino around a bit with a large trout
[12:11] * magoo slaps dptl around a bit with a large trout
[12:11] * magoo slaps esemde around a bit with a large trout
[12:11] * magoo slaps hawkfan4 around a bit with a large trout
[12:11] * magoo slaps LaserDave1 around a bit with a large trout
[12:11] * magoo slaps lumdus around a bit with a large trout
[12:11] * magoo slaps patience around a bit with a large trout
[12:11] {magoo} THERE!
[12:11] * BillyD slaps magoo around a bit with a large trout
[12:11] {magoo} HEY..whats that for /??
[12:12] {BillyD} dunno what happened.......finger hit mouse before I knew what happened....must be intiition
[12:12] {BillyD} intuition
[12:19] {dino} dptr
[12:19] {BillyD} yeah, I wouldn't take the 22.50 b/o cause it jumped from 22
[12:20] {BillyD} mkt can make you feel stupid if you let it
[12:20] {dino} ok
[12:20] {esemde} grrrrr it's a revenge trade grrrr.........long BMRN...57
[12:20] {esemde} dino style......waited for the bounce
[12:22] {esemde} lost -.21 that first time.......we'll see what happens this time
[12:22] {dino} gl]
[12:23] {esemde} OUt .76 +.
[12:23] {esemde} opps +.17
[12:24] {patience} nice to see it worked ese....
[12:24] {esemde} tks.....just barely
[12:25] {esemde} still.03 short....grrrrrrrrrrrr
[12:26] {esemde} hmmmm 21 - 17 =4 hmmm bad math.....make that 4 cents short
[12:26] * bruce slaps magoo around a bit with a large trout
[12:27] {bruce} sorry for keeping you waiting mags
[12:27] {dino} gj
[12:27] {esemde} man now that was out of nowhere....
[12:28] {esemde} all have a great weekend.....see ya monday
[12:28] {patience} when does school start up ese?
[12:28] {esemde} Monday.....
[12:29] {patience} party this weekend then :)
[12:29] {esemde} back to earning a living.....will rethink the party thing though
[12:29] {bruce} take care ese
[12:29] {esemde} bye bruce
[12:30] {BillyD} something up with SEED
[12:33] {dino} later ese
[12:39] {bruce} akns
[12:40] {BillyD} looks like superman bruce
[12:43] {bruce} a bit of market euphoria
[12:44] {bruce} solf too
[12:47] {dino} not fslr tho
[12:47] {bruce} no
[12:47] {bruce} lots of red dino
[12:47] {bruce} not much recovery in the q's or dow
[12:47] {patience} i'm sitting in cash....thinking there will be margin calls next week if no surprise fed rate cut
[12:48] {dino} i'm thinking big bounce, then drop
[12:48] {bruce} at least it's been the best week of the year so far
[12:49] {patience} vad will be at my house within the our for his cat....i look forward to him being back on Monday. Should be interesting next week,
[12:49] {bruce} sure looks that way dino
[12:50] {bruce} bre sure to tell him he missed spectacular week patience
[12:50] {patience} definitely because he is going to brag about how hot it was in san diego
[12:51] {dino} added a few swings today, may be wrong, will dump on a bounce
[12:51] {dptl} :)
[12:51] {magoo} slap vad for magoo patience
[12:51] {patience} right, i'm sure Mrs. Vad will be impressed with me magoo
[12:51] {bruce} who cares abvout sun when you can have funb getting worked over by market?
[12:52] {magoo} close at lows it seems
[12:52] {dptl} poor nasdaq
[12:53] {magoo} look just remember..we as a group here don't care which way it goes
[12:54] {magoo} next week, no preconcieved ideas
[12:54] {magoo} if down..we short..if up we look for bounces
[12:54] {BillyD} well said magoo
[12:54] {bruce} thats for you to say mags
[12:54] {bruce} me -
[12:54] {bruce} I'm planning on making money
[12:54] {magoo} so am i
[12:54] {bruce} lol
[12:55] {magoo} but if more pain..we'll think short
[12:55] {bruce} yep
[12:55] {bruce} I like short anyway
[12:55] {magoo} christ...i was watching FSLR when it was only down 7
[12:55] {magoo} asa short
[12:55] {magoo} got interrupted here..look down 21
[12:56] {magoo} old friend stopped in office
[12:56] {magoo} lost my focus
[12:56] {magoo} anywho
[12:56] {bruce} today was a trend
[12:56] {bruce} look at fdx
[12:56] {bruce} nice clean chart
[12:56] {magoo} there could be more downside..or there could be a bounce
[12:56] {bruce} down then up
[12:57] {magoo} who cares..we just need to identify the mkt tone monday
[12:57] {BillyD} roflol
[12:57] {magoo} getting a brew..anyone else want one while i'm uop?
[12:57] {bruce} sure
[12:57] {dptl} me
[12:57] {bruce} pass em over
[12:58] {patience} might as well make it a couple for me magoo,,,,thanks
[12:58] {magoo} that-a-girl patience
[12:58] {bruce} next week will be better dino
[12:58] {BillyD} some serious volatility lately on certain stocks
[12:59] {bruce} green today but couldn't make reversals work at all this week
[12:59] {dino} thx for the beer magoo
[12:59] {BillyD} have a good wknd all
[13:00] {bruce} same to you billy
[13:00] {dptl} take care all ,have a good weekend
[13:00] {BillyD} bruce, no going to a psychic to see what mkt gonna do next week
[13:00] {BillyD} couldn't resist bruce :)
[13:01] {bruce} why go to a psychic?
[13:01] {bruce} more fun to just trout magooo
[13:01] {BillyD} lol
[13:01] {magoo} c u guys monday, and gal:)
[13:02] {bruce} yeppers
[13:02] {patience} have a good weekend guys
[13:02] {bruce} going open some of that good canadian beer here mags
[13:02] {bruce} bye all
[13:17] {dino} gn all
Session Close: Sat Jan 05 00:00:00 2008