Friday, February 29, 2008

Feb 29 2008

[08:38] {magoo} morning
[08:38] {patience} morning magoo :)
[08:47] {Threei} Good morning
[08:53] {esemde} good morning.....
[08:53] {Threei} ese :)
[08:54] {patience} ese :)
[08:54] {esemde} morning patience
[08:54] {esemde} hows the forex biz these days
[08:54] {patience} past few days have been excellent
[08:55] {esemde} what are you into if I may ask
[08:55] {patience} yen and canadian calls
[08:55] {Threei} I know what I am into... I am into non-interrupted crying over meteoric rise of canadian dollar
[08:55] {patience} june contracts
[08:56] {esemde} good on ya....
[08:56] {patience} ty
[08:57] {esemde} OVTI...showing up on my pre scan alot
[08:57] {cosmo} OmniVision Q3 profit tops Wall Street view; shares riseat Reuters(Thu 5:40pm)
[08:57] {Threei} 02/28/08 04:15pm [OVTI] Reports Q3 $0.55 v $0.46e, R $224.9M v $225.1Me
[08:57] {cosmo} # OmniVision Predicts 4Q Sales Below ViewsAP(Thu 5:22pm)
[08:57] {esemde} ahhhhh....
[08:57] {esemde} looks promising
[08:58] {cosmo} mixed
[08:58] {Threei} yeah
[08:58] {Threei} beat earnings, lowered guidance
[08:58] {magoo} deck reported last hit all way down to 108
[08:58] {magoo} i thought it was good report, u got anything vad?
[08:58] {esemde} ouch...
[08:59] {Threei} 02/28/08 04:00pm [DECK] Reports Q4 $2.69 v $2.41e, R $194.2M v $184Me
[08:59] {Threei} - Gudes Q1 EPS "the same or modestly higher than 2007" (implies $0.75+ v 0.92e); guides Q1 sales growth 25% y/y (implies Q1 R$90.8M v $89.6Me).
[08:59] {Threei} - Guides 2008 EPS up 20% (implies $6.07 v $5.82e).
[08:59] {Threei} - Guides 2008 sales growth 25% (implies 2008 R$561Mv $531Me).
[08:59] {Threei} - Expects earnings to grow at a slower pace in the first half.
[08:59] {cosmo} OVTI pre mkt high = 15.65 fwiw
[09:01] {dptl} good morning all
[09:01] {Threei} dp :)
[09:02] {esemde} dp
[09:06] {Threei} OK guys, we have two-pronged reason to stay on careful scalping only side today
[09:06] {Threei} one is obvious, this is Friday
[09:07] {Threei} another is, we had unusually easy day of trading yesterday
[09:07] {Threei} and the way things lately, market will punish any complacency we allow ourselves to get into
[09:08] {esemde} wasn't there for the whole day Vad....what do you mean by unusually easy
[09:08] {bruce} jump for joy - leap year is here
[09:08] {Threei} nice and easy to read moves on stocks that rarely are easy
[09:08] {Threei} bruce :)
[09:08] {bruce} vadster
[09:08] {esemde} hmmmmmm
[09:08] {Threei} AAPL for instance
[09:08] {esemde} bruce
[09:08] {bruce} hey ese
[09:09] {Threei} we played it several times, on both sides long and short,
[09:09] {esemde} well done gents
[09:09] {Threei} dptl was so oblivious to the "tough market" mantra that actually allowed himself to get full point profit on one of the calls,
[09:09] {Threei} made me jealous so on next one I did the same
[09:09] {Threei} and beat him by one cent
[09:09] {esemde} any reason for
[09:09] {Threei} (my darn competitive nature)
[09:10] {esemde} these easy moves....indexes predictable
[09:10] {esemde} ???
[09:10] {Threei} who knows... as a trader I don't ask why when I get easy ride, I simply kill a chicken and lay entrails to the feet of trading gods
[09:11] {dptl} lol
[09:11] {esemde} now that is an analogy....that i haven't heard before
[09:12] {Threei} requirement is to bring one's finest cheeses... but I love cheese myself so I cheat and give them what I don't eat anyway
[09:13] {Threei} so... under risk to be slapped silly by magoo, I intend (at least so far) to stay on conservative side, take only trades offering the least risk and be very picky overall
[09:13] {Threei} welcome to the room jjthetrader
[09:16] {Threei} welcome to the room ThurstonHowellTheThird
[09:16] {ThurstonHowellTheThird} good morning
[09:16] {Threei} gosh... what a nick, lol
[09:16] {dptl} lol
[09:16] {Threei} good luck typing it whoever wants to greet new guy {G}
[09:16] {magoo} morn the third:)
[09:16] {Threei} oops
[09:16] {Threei} magoo simplified it
[09:16] {Threei} took easy way out eh?
[09:17] {ThurstonHowellTheThird} sounds good to me
[09:17] {bruce} patience -sounds like you're long can dollar - you still see itrising against US?
[09:17] {patience} no idea. i'm guessing u.s. dollar is bottoming. but really have no idea
[09:17] {dino} gtm all brb
[09:18] {Threei} dino :)
[09:18] {bruce} dino
[09:18] {bruce} k thanx patience
[09:18] {Threei} fed really should stop pumping liquidity in
[09:18] {Threei} and cutting rates
[09:19] {bruce} they're reallyacting as if running scared vad
[09:20] {Threei} prolonging agony, staying in denial, posptponing inevitable and actually making the eventual outcome worse
[09:20] {bruce} putting in my bids for msft - 3 bucks - goog - 1.75
[09:20] {Threei} nice prices
[09:20] {Threei} if it gets there I will try to outbid you
[09:20] {bruce} lol
[09:21] {Threei} I won't hesitate to pay 1.76 for GOOG
[09:21] {bruce} stqarbucks - 22 c
[09:21] {Threei} that one you can have, I hate their coffee
[09:21] {bruce} don't tell that to seattle natives
[09:22] {Threei} as long as I am separated by the body of water from them...
[09:23] {bruce} its a nice swim
[09:23] {bruce} aapl looks like it may have made a botom near 120
[09:23] {bruce} anybody swing trading it?
[09:24] {Threei} AAPL? swing trading?
[09:24] {Threei} I am shuddering
[09:25] {Threei} once again guys, don't push, let's be picky and careful
[09:25] {Threei} wait patiently for low risk setups
[09:26] {cosmo} i only buy fresh tulips...
[09:29] {bruce} lol cosmo
[09:29] {bruce} the moneys in tulip futures
[09:29] {Threei} tulip futures = bulbs
[09:29] {_leo1} HI
[09:30] {Threei} leo :)
[09:30] {esemde} SAPE...
[09:30] {lumdus} gm to the whole crew.
[09:30] {Threei} lum :)
[09:31] {Threei} OVTI
[09:31] {Threei} half lot short .20
[09:31] {Threei} stop over .40
[09:33] {Roman}
21 OVTI triggered?
[09:33] {Threei} no
[09:34] {Threei} hopefully forms lower high for tighter stop placement
[09:36] {tomg} gm all
[09:36] {Threei} tom :)
[09:36] {tomg} welcome to the room Thurston
[09:36] {tomg} and jjthetrader
[09:36] {Threei} stop is still .41 for OVTI
[09:36] {ThurstonHowellTheThird} thaks
[09:37] {Threei} topped out at resistance on bounce
[09:37] {Threei} and I had no guts to short it there
[09:37] {jjthetrader} thanks
[09:37] {Threei} dropped about 10-15 cents quickly after triggering
[09:38] {Threei} let's see if it want to show respect and die
[09:38] {Threei} reminder, half lot guys, it's a bit more jumpy than I like for a friday
[09:38] {bruce} in ovti .25
[09:39] {esemde} SAPE...long 7.37 or short 7.16??
[09:40] {Threei} what's with MNTAS? I don't see news
[09:40] {Threei} this is "whatever triggers fiirst" case ese
[09:40] {esemde} 1/4 loss not as big as expected
[09:40] {Threei} MNTA?
[09:41] {Threei} OVTI stopped
[09:41] {cosmo} OVTI pre mkt high = 15.65 fwiw
[09:42] {cosmo} testing
[09:42] {Threei} starts looking like one of those that gap up, cxonsolidate and continue running
[09:42] {Threei} ese, if you took SAPE on break, stop is .19 IMO
[09:43] {esemde} long SAPE .42
[09:43] {bruce} nvda short vad?
[09:44] {Threei} overall yes but I hate shorting this one on breaksdowns
[09:44] {bruce} k
[09:44] {Threei} better try to catch a bounce
- sub-indices:
[09:45] {Threei} - Prices Paid: 79.4 v 81.7 last
[09:45] {Threei} - New Orders: 48.8 v 44.7 last
[09:45] {Threei} - Employment: 33.5 v 47.0 last
[09:45] {Threei} - Inventories: 46.0 v 51.1 last
[09:45] {Threei} - Supplier Deliveries: 39.6 v 61.7 last
[09:45] {Threei} - Production: 46.5 v 51.3 last
[09:45] {Threei} - Order Backlogs: 38.3 v 48.0 last
[09:45] {bruce} k
[09:45] {lumdus} wow , we going down nicely
[09:46] {Threei} tell it to AKAM
[09:46] {Threei} HEARING TAKEOVER CHATTER CIRCULATING- AT&T rumored as potential acquirer
[09:47] {lumdus} will go long adsk above 32
[09:47] {lumdus} l adsk 32.00 stop 31.94
[09:48] {lumdus} oin - .06
[09:49] {Threei} OVTI .75 long, half lot, stop .59
[09:50] {Threei} last attempt on it, if not cooperating, abndoning it
[09:51] {lumdus} vad, have you noticed alot of low priced stocks going up lately ?
[09:51] {dino} solars getting bids
[09:52] {Threei} yeah lum, even IVAN is hitting highs, lol
[09:52] {Threei} move your lazy butt OVTI
[09:53] {Threei} 1:1 and over
[09:53] {lumdus} vad, that is waht i am saying .. that is why my shift to some of these play aka ctum etc.
[09:53] {dino} grmn l .10 stop lod
[09:53] {lumdus} ovti stop .75 or sell all
[09:53] {lumdus} ?
[09:53] {Threei} at your discretion
[09:54] {lumdus} 15.77 firm stop
[09:54] {Threei} as I stated before opening, this is scalping day for me
[09:54] {lumdus} oh ok .. will sell if goes below .85
[09:55] {magoo} deck short vad?
[09:55] {Threei} DECK is way beyond my risk tolerance magoo
[09:56] {Threei} 2 dollars move in a single breath
[09:56] {lumdus} hmm ovti if you break 16 i hold you alot more
[09:56] {Threei} for you patient types, OVTI is at 1.5:1
[09:57] {lumdus} out ovti .98
[09:57] {lumdus} tx vad
[09:57] {Threei} welcome
[09:58] {Threei} it still owes me a bit, first stop was bigger than this win
[09:58] {Threei} but I foprgive it... will see what else is out there
[09:58] {lumdus} i missed it the first time,
[09:58] {Threei} lol, good for you
[09:59] {Threei} actually 16 break is another long trigger on it but risk is higher here
[09:59] {Threei} valid with .84 stop
[09:59] {magoo} thats my .99 right now
[09:59] {lumdus} not in a trading mood yet, still need to wake up here.
[10:00] {Threei} invalidated if loses .85
[10:00] {bruce} coffee lum - starbucks
[10:01] {Threei} done with OVTI, off my screen
[10:01] {cosmo} gee...picky
[10:01] {Threei} and capricious
[10:01] {cosmo} hmm
[10:02] {bruce} cmed dino
[10:03] {Threei} can't believe VLNC
[10:03] {lumdus} l gld 95.93 stop 95.92
[10:03] {Threei} remember where it was called as swing trade?
[10:03] {Threei} friking 2.35
[10:06] {dino} tighten grmn to .98 not moving
[10:06] {cosmo} GXDX: Genoptix prices a 2.08 mln share common stock offering at $25.50/ 7:31am)
[10:07] {cosmo} ... and miky likes it....
[10:07] {Threei} AAPL long for a quick scalp
[10:07] {Threei} stop under .20
[10:08] {Threei} don't chase it over .40
[10:08] {lumdus} in .23 stop .15
[10:09] {Threei} perfect entry, very tight stop, now it's up to market to decide its fate
[10:10] {lumdus} out already
[10:10] {lumdus} got .33
[10:10] {Threei} yup, quick scalp is original intend
[10:10] {lumdus} +.10 is fine with me, that's the intent today . no long haul stuff
[10:10] {Threei} market getting nervous, don't oversit
[10:11] {Threei} short starts looking like path of least resistance
[10:12] {dino} grmn stopped -.12
[10:13] {Threei} AAPl short closer to 128
[10:13] {Threei} fast fingers only
[10:14] {Threei} don't shoet on price alone, watch for it to stall
[10:14] {lumdus} that excludes me then
[10:14] {Threei} if styas under .75 from here, , can try and short .50 breakdown
[10:15] {lumdus} in sds 63.49
[10:15] {lumdus} stop 63.29
[10:15] {magoo} pretty hard sell here mkt
[10:16] {Threei} on no news
[10:16] {Threei} kind of "reality sets in"
[10:16] {Threei} it's still bear market after all
[10:22] {lumdus} sds stopped me. bear market it is.
[10:27] {Threei} RIMM short .15 if stays under .30; otherwise, look to short on bounce closer to .50
[10:29] {lumdus} short .54 stop .65
[10:29] {lumdus} rimm
[10:30] {lumdus} here or i am out
[10:30] {Threei} market's dropping hard, AAPL too
[10:30] {lumdus} stop .34 protect .20 profit at least
[10:31] {Threei} RIMM catches up
[10:31] {lumdus} yeah, but my scalp is alredy payed for. not looking to lose it.
[10:31] {lumdus} out .36
[10:31] {lumdus} +.18 tx vad
[10:31] {bruce} adsk short vad?
[10:31] {Threei} .40 trigger bruce
[10:32] {bruce} k
[10:32] {Threei} .55 stop
[10:32] {Threei} .61 is valid too, depending on your position size
[10:32] {lumdus} s adsk 31.38 sto p31.62
[10:33] {tomg} vad, i've still got 100 ovti
[10:33] {tomg} ?
[10:33] {Threei} from what price tom?
[10:33] {tomg} 15.80
[10:34] {Threei} either put stop at .75 and let it trade
[10:34] {Threei} or just take it off the table and move to better things
[10:35] {tomg} ok, ty
[10:35] {Threei} it's not really readable between .75 and 16
[10:35] {Threei} just noise
[10:35] {Threei} if breaks any of those, becomes more understandable
[10:35] {lumdus} adks ned to go now
[10:37] {lumdus} adsk above .40 and i out, not falling hard enough yet.. we need to hit with that trout stuff
[10:38] {Threei} that's way too tight lum
[10:38] {Threei} too easy to get shaken out of a nice trade
[10:38] {Threei} .51, OK
[10:39] {dino} cmed sm l .99
[10:39] {lumdus} i want to protect my profits from today. you gave me aaapl and rimm don't want to mess it up
[10:39] {Threei} market looks like ready for the next leg down
[10:40] {lumdus} hmm, i guess i am reading it wrong. to me i see a bounce a hard one now..
[10:40] {lumdus} out adsk .28 +.10
[10:40] {Threei} of course in light of recent action it means it's going to spike 20 points now
[10:41] {lumdus} l rimm 106.33 stop
[10:41] {lumdus} big stop 105.99 crap..
[10:42] {Threei} careful lum, today is clean bear so far
[10:42] {lumdus} ok, yeah, looks like bad trade here.
[10:43] {lumdus} i thought it was bouncing here.
[10:43] {Threei} it very well may
[10:43] {Threei} it just wasn't compelling trade
[10:43] {lumdus} i stop now 106.06
[10:43] {lumdus} so only .25 loss if i get stopped.
[10:43] {Threei} kind of coin toss
[10:44] {lumdus} well it did base and show some strength
[10:45] {Threei} here it goes
[10:45] {lumdus} 106.19 stop
[10:46] {lumdus} was hoping for 107, but taking way to long .. in the bear market
[10:47] {Threei} idiot
[10:47] {lumdus} stop at b/e 106.34
[10:47] {lumdus} why he idiiot ?
[10:48] {Threei} not sure... maybe was born this way, maybe got stupid in a process of living
[10:48] {Threei} they cut rates, mortgage rate goes up
[10:48] {Threei} who is benefitting?
[10:48] {lumdus} the banks i guess
[10:49] {lumdus} ok, let's watch rimm
[10:49] {Threei} homeowner? or banks get their funding and ease liquidity crunch on the backs on honest mortgage payers?
[10:49] {Threei} and to the heck qith inflation
[10:49] {lumdus} vad, rimm.. help her
[10:49] {Threei} ah just take profit
[10:50] {lumdus} .79 stop .. i can't just sell
[10:50] {Threei} you have 50 cents, what do you want?
[10:50] {lumdus} ok out .77
[10:50] {dino} gfig
[10:50] {Threei} this market changes on a dime
[10:50] {lumdus} +.47
[10:51] {lumdus} now, back to mortage rates..
[10:51] {Threei} lol
[10:51] {lumdus} vad, in middle of a trade, i need to concentrate..
[10:51] {Threei} really?
[10:51] {Threei} I gotta try that
[10:52] {Threei} I tend to fall asleep when in trade
[10:52] {dino} l gfig sm wide .10
[10:54] {dino} gfig stopped
[10:54] {bruce} aapl looking like it wants to go long vad
[10:54] {Threei} true
[10:54] {Threei} .50 break... risky as hell
[10:55] {lumdus} enough for me this morning. see ya later.
[10:55] {Threei} take care lum
[10:55] {bruce} was thinking pullback to 127.10 in aapl w 25 c stop
[10:55] {Threei} sure... just different way of entry
[10:56] {dino} copla sm wide l .70
[10:57] {Threei} AKAM wants another round
[10:57] {Threei} ugh, broke while I typed
[10:57] {Threei} don't chase, let's try to catch pullback
[10:59] {Threei} .25 was break trigger, so want it around .20-.25
[10:59] {Threei} stop is under .10, and stock is bolatile
[10:59] {Threei} half lot will be appropriate
[11:00] {Threei} anyone managed to catch any of those prints around .25?
[11:01] {Threei} just so I know if anyone needs further comments
[11:01] {Threei} if not let's consider it missed trade
[11:02] {dino} rinse on gfig
[11:05] {Threei} POT is short on bounce
[11:05] {Threei} closer to 160 I'd like
[11:06] {Threei} doesn't look like getting there
[11:09] {Threei} RIMM long .61
[11:09] {Threei} tight stop, just under .50
[11:10] {Threei} invalidated
[11:11] {Threei} will be valid again if not losing .50 anymore
[11:11] {Threei} same condition
[11:12] {Threei} watching POT
[11:13] {magoo} as short right?
[11:13] {Threei} yes
[11:14] {Threei} too volatile, can't nail entry
[11:15] {bruce} any read cmed vad - looks like long on 48 break - samll - risky
[11:15] {Threei} chart is right
[11:17] {bruce} another possibility is nvda long on .57 break - stop would be small
[11:20] {Threei} NASDAQ stalled for the last hour
[11:20] {Threei} very narrow range
[11:20] {Threei} until it resolves, any trade is more of a guess
[11:20] {bruce} k
[11:21] {dino} fwiw bruce i'm l cmed .99
[11:21] {dino} sm
[11:22] {bruce} k dino
[11:22] {bruce} I'm still watching it
[11:24] {dino} don't go off of me, slumping this week
[11:26] {bruce} k - looked like you had good day on tuesday
[11:27] {Threei} RIMM .19 short, .31 stop
[11:28] {dino} that was it
[11:28] {bruce} k
[11:29] {bruce} in rimm s .20
[11:29] {Threei} 1:1 RIMM
[11:29] {bruce} nice tight stop vad
[11:29] {tomg} have a nice weekend everyone, see ya monday
[11:29] {Threei} take care tom
[11:29] {Threei} out RIMM
[11:29] {dino} cya tom
[11:30] {Threei} +.21
[11:30] {Threei} too soon... what else is new
[11:30] {dptl} +/17 ty
[11:30] {Threei} welcome
[11:30] {Threei} bruce will make a buck on it and laugh at us
[11:30] {bruce} out rimm + .46
[11:31] {Threei} there
[11:31] {Threei} isn't it disgusting
[11:31] {bruce} sheesh
[11:31] {Threei} lol
[11:31] {bruce} really needed that win vad
[11:31] {Threei} wtg bruce
[11:31] {Threei} so far, today is nothing like yesterday, much tougher day
[11:32] {dino} gj guys
[11:32] {bruce} k - definitley tough day for me - that was first win
[11:32] {bruce} figures - I'm away markets behave nicely
[11:32] {Threei} so you milked it for all it was capable of
[11:33] {bruce} still trying to get feel for thse kind of moves vad
[11:34] {Threei} I was very tempted to say "yeah me too"
[11:34] {Threei} then decided my wierd sense of humor will get me in troubles once again
[11:34] {dino} cmed stopped
[11:34] {magoo} OVTI went
[11:35] {bruce} wierdness pervaqdes this room vad
[11:35] * bruce slaps magoo around a bit with a large trout
[11:35] {bruce} there
[11:35] {bruce} I feel better already
[11:35] {Threei} you are still in OVTI mags??
[11:36] {Threei} tom OK, I can see him holding that long
[11:36] {magoo} no
[11:36] {Threei} but you?
[11:36] {Threei} you start slapping peole with trout if holding over 1 minute
[11:37] {bruce} thats just a release for an overall crappy day vad
[11:37] {Threei} so whiole I am at it... I stronlgy suggest new guys to duck when magoo unholsters that trout
[11:37] {bruce} time for some revenge trading
[11:37] {Threei} NVDA
[11:37] {Threei} long idea of .50 support
[11:38] {Threei} first strength from here
[11:38] {Threei} with stop as tight as they get
[11:38] {magoo} in .51
[11:38] {Threei} another way to play it is to put stop under .40
[11:39] {Threei} and let it play out, if it breaks .60 should be good for bigger move
[11:39] {Threei} if forces trying to keep market up are at work today again, they will do everything in their power to finish strongly today
[11:40] {Threei} so with 2 cents stop in one scenario or 12 in another... valid trade of support on pullback
[11:42] {Threei} here we go
[11:42] {magoo} like to .71?
[11:42] {Threei} hard core scalpers with stop at .49 have what 1:5?
[11:43] {Threei} hmmm
[11:43] {Threei} I can't assign numpers to the target mags
[11:44] {dino} cavm l .66, stop .34
[11:47] {magoo} that can't be it
[11:49] {bruce} l nvda .53
[11:51] {bruce} nvda gooing to put us to sleep
[11:54] {Threei} you sa it as if it were a bad thing
[11:55] {bruce} heck vad - that'll make us comatose - like you
[11:55] {Threei} again...
[11:55] {Threei} you say it as if it were a bad thing :)
[11:55] {bruce} lol - got me
[11:56] {bruce} we can do it as a range lay - in .52 out .55
[11:56] {bruce} over and over
[11:56] {Threei} lol
[11:57] {bruce} out
[11:57] {bruce} I was looking for move to about .70 like you mags
[11:57] {magoo} and with mkt pulling back
[11:57] {magoo} i am out
[11:59] {Threei} I am not sure I understand
[12:00] {Threei} if your stop was couple centsa, why not take at least part on 10 cents spike
[12:00] {Threei} and if your objective was for more, why so tight stop
[12:00] {magoo} actually, i just cut flat and reloaded lower is all
[12:00] {magoo} thought mkt was losing
[12:00] {Threei} risk/reward are part of the same equation
[12:00] {Threei} can't have one without the other
[12:00] {Threei} (Frank Sinatra)
[12:02] {bruce} looks like market selloff is coming mags
[12:03] {Threei} if it happens look to short RIMM .50
[12:06] {bruce} aapl hugging lows too vad - looks likewe csan take it short w fairly small stop
[12:09] {magoo} its all gonna depend on mkt
[12:10] {magoo} spike up they all gop
[12:10] {magoo} crash, we crash
[12:14] {bruce} thoughts on rimm vad? - looks like we need a stop to .90 if breaks down here
[12:14] {Threei} a bit too wide for my taste
[12:14] {bruce} same
[12:14] {Threei} if market breaks down fast, just short RIMM sggressively
[12:15] {Threei} that's if it pauses before dropping
[12:15] {Threei} if drops just as market does oh well
[12:15] {Threei} siply write it off as a trade than never gave you a chance
[12:17] * Threei slaps Laserdave1 around a bit with a large trout
[12:17] {bruce} aapl broke - miised it - could have got .80 with stop to .04
[12:18] {dino} cavm stop to b/e
[12:18] {magoo} anyone short RIMM here?
[12:19] {ThurstonHowellTheThird} .55
[12:19] {Threei} little help by market and should work
[12:19] {magoo} i sh @ .65
[12:21] {magoo} covered .50
[12:22] {dino} cavm stop to .96
[12:23] {bruce} cool beans mags -
[12:24] {dino} cmed blood
[12:24] {Threei} market is not giving many easy ones today
[12:24] {bruce} yeah- noticed that dino
[12:26] {bruce} market not giving many easy ones this year vad
[12:26] {magoo} shouldn't rimm bounce with mkt vad?
[12:26] {dino} glad i stopped
[12:26] {bruce} only if I short it mags
[12:27] {Threei} it did but somehow not very convincingly
[12:27] {magoo} are u bruce? lol
[12:27] {Threei} here goes your NVDA
[12:27] {bruce} not yet mags
[12:28] {dino} esrx l .48, stop .18
[12:28] {Threei} 11:39] {Threei} if forces trying to keep market up are at work today again, they will do everything in their power to finish strongly today
[12:29] {Threei} looks like they are
[12:30] {dino} i can only buy so much 3i
[12:30] {Threei} come on... sell farm and kids
[12:30] {Threei} I am switching to longs
[12:30] {bruce} especially kids
[12:30] {dino} would like too (not the kids)
[12:31] {dino} just got off the bat phone w/bernie
[12:32] {Threei} AAPL 127 break long if stays above .70
[12:32] {bruce} bernies the new butler?
[12:33] {bruce} poor alfred
[12:33] {dino} lol
[12:35] {dino} out cavm .96 +.30
[12:41] {magoo} mkt doing its best to rinse
[12:41] {bruce} aapl dropped to .68 - 127 break still valid?
[12:41] {Threei} not much surprise there... it does it regularly these days, and it's Friday
[12:42] {Threei} feels so if not losing support anymore bruce
[12:42] {bruce} k
[12:42] {Threei} NQ heard us
[12:42] {Threei} AAPL is holding though
[12:43] {dino} esrx stopped
[12:44] {bruce} riim skirting lows again
[12:47] {magoo} honestly, NVDA holds pretty well...just won't go
[12:50] {Threei} feeling that we are to see rally today gets stronger
[12:50] {bruce} sorry about esrx dino - long breaks not workingvery well
[12:50] {dino} cpla stopped too
[12:51] {dino} sh!t happens bruce, no worries. just making the vacation look better
[12:52] {patience} vad, is your feeling about a rally likely to be right at 1:00 or i have Dow puts and considering sellling
[12:52] {Threei} hmm
[12:52] {Threei} good question :)
[12:53] {Threei} in my mind, we are going through shakeouts before ramping up
[12:53] {magoo} dam..OVTI vad
[12:53] {Threei} hard to tell how long those shakes will take
[12:53] {dino} shaking me
[12:53] {bruce} we finally have a higher low in rimm if .54 holds now
[12:54] {Threei} OVTI pullbacks are too deep... otherwise, yeah, attacks highs time and again
[12:55] {Threei} not rushing into longs, want to see pattern confirmation first
[12:55] {magoo} prob prin 18
[12:56] {magoo} print
[12:56] {Threei} OVTI?
[12:56] {Threei} wow, 18 seems a bit too out there
[12:57] {esemde} .have a great weekend everyone...i'm now averaged in on SAPE at 7.21 3/4 lot...we'll see what happens at the end of the day...will not carry over the weekend
[12:57] {bruce} bye ese
[12:57] {Threei} take care ese, have a good one
[12:57] {esemde} see ya vad....
[12:58] {Threei} volume all but dries up on downticks
[12:58] {Threei} then violent upward move comes
[12:58] {Threei} typical rally preparation
[12:59] {magoo} nice observation boioss
[13:00] {Threei} what did you call me?
[13:03] {Threei} see what I mean?
[13:03] {magoo} yeah..i hadn't noticed
[13:03] {magoo} now watching thatv boioss
[13:03] {Threei} lol
[13:04] {Threei} AAPL broke resistance
[13:04] {Threei} NVDA trying
[13:04] {Threei} RIMM trying
[13:04] {Threei} anyone took AAPL, take profit or partial here
[13:04] {bruce} out aapl + .41
[13:04] {Threei} wtg
[13:04] {bruce} lucky
[13:05] {Threei} see NQ? how about that
[13:05] {bruce} thanx vad
[13:05] {Threei} welcome sir
[13:07] {dino} gj
[13:07] {dino} smmx
[13:08] {magoo} exiting NVDA here .66 TY
[13:08] {Threei} sure... but how about some faith
[13:08] {Threei} kidding
[13:09] {magoo} too bad theres a law against reentering pullbk
[13:09] {Threei} yup, you are forbidden from reentering
[13:10] {bruce} was just going to ask if aapl pullback would be good try
[13:10] {Threei} GOOG
[13:10] {dino} mnta
[13:11] {Threei} hmmm
[13:11] {Threei} CHNR
[13:11] {Threei} what, Mongolia is the next hot spot?
[13:11] {Threei} look at CHNR
[13:11] {bruce} great - really really really been looking forward to opportuhnity to trade googl;e
[13:11] {bruce} not
[13:11] {dino} sm s smmx .25
[13:12] * Threei books ticket to Mongolia to buy some property
[13:12] {patience} sold june and march Dow (DIA) puts, nice little profit :)
[13:12] {bruce} congrats patience
[13:13] {Threei} not sure what it means but congratulations :)
[13:13] {bruce} patience is buying the beer
[13:13] {bruce} with nigeria money vad?
[13:13] {bruce} nice combo
[13:13] {Threei} and ivory coast
[13:14] {patience} come to victoria bruce and i'll take you on a pub crawl of the local brew pubs
[13:14] {bruce} out aapl +.20
[13:14] {magoo} whats the better long vad? RIMM or AAPL
[13:15] {bruce} qucik scalp off 127
[13:15] {bruce} you're on patience
[13:15] {Threei} AAPl so far mags
[13:15] {dino} gj patience
[13:16] {dino} speaking of pub crawl, magoo, i re-stock the beer fridg today
[13:17] {bruce} magoos eyes brighten
[13:17] {Threei} you restock it and leave for vacation?
[13:17] {Threei} that's very kind of you
[13:17] {magoo} nice guy
[13:18] {bruce} you leaving next weak dino?
[13:18] {bruce} week
[13:18] {bruce} lol
[13:18] {dino} well, i thought since it is friday, we would have a few.
[13:18] {bruce} k
[13:18] {dino} yes bruce playa de carmen, mexico
[13:18] {bruce} hope maggs lets you have some
[13:19] {magoo} will not be any left
[13:19] {Threei} same pattern
[13:19] {bruce} have heard its a great vacation spot dino
[13:19] {Threei} bull flag, slow down, volume disappears, then sharp spike
[13:19] {dino} me too, looking forward to it, sunday to sunday
[13:19] {Threei} ashorts will get killed today
[13:20] {dino} smmx bstop to .84
[13:21] {dino} to .73
[13:22] {dino} cov .70, +.55
[13:23] {bruce} nice one dino
[13:24] {bruce} thats too short dino - you shoud stay another week
[13:25] {dino} lol
[13:25] {dino} don't think my body can handle much more that that, for the abuse
[13:25] {Threei} lol
[13:26] {bruce} oh?
[13:26] {bruce} you into dom mistresses down there or something?
[13:26] {dino} intend to eat and drink heavily
[13:26] {bruce} I thought that was mags thing
[13:27] {dino} indeed
[13:27] {bruce} myfamily wnet to mexico this past christmas - first time away for us dino
[13:27] {bruce} was gret
[13:27] {dino} should be fun group of 16 going, i believe the daytrading room
[13:27] {dino} good to hear
[13:27] {bruce} nice to go w friends
[13:28] {bruce} wrecked my knee playi9ng soccer first day
[13:28] * magoo slaps jjthetrader around a bit with a large trout
[13:28] {dino} yes, couple rounds of golf, maybe some fishing, etc
[13:28] {bruce} and was hopping for a month after
[13:28] {bruce} still - was nice to get away\
[13:28] {Threei} magoo gets violent
[13:29] {magoo} practicing
[13:29] {bruce} eah - mags is tstill warming up
[13:29] {bruce} look out thurston and jj
[13:30] {dino} efut
[13:30] {bruce} aren't there mayan ruins near where you're going dino?
[13:32] {Threei} NVDA is holding this pullback amazingly well
[13:33] {Threei} in AAPl for a scalp
[13:33] {Threei} .69 stop
[13:33] {Threei} out
[13:33] {Threei} easy money
[13:33] {magoo} out too
[13:34] {magoo} do it ahgain
[13:34] {dino} i think 3 hours away bruce, but if closer i'll check it out
[13:34] {dino} i do know that the resort has a tequilla bar
[13:34] {bruce} grmn double bottom here dino
[13:34] {dino} of which, i shall frequent
[13:35] {dino} feels lower. mkt fall
[13:35] {patience} naturally, i sold my puts
[13:35] {dino} going for -320 on dji
[13:35] {bruce} I usually stick to beer - I'm an easy drunk - doesn't take much tequila
[13:36] {Threei} fed opened their mouth again and spooked the market
[13:36] {Threei} FED'S POOLE: FED SHOULD GIVE PRIMACY TO INFLATION OBJECTIVE, MARKET PARTICIPANTS SHOULD BEAR THE COST OF BAD BETS- Says to avoid inflation, rate cuts should be reversed promptly once markets settle down.
[13:36] {bruce} maybe you should add forex and options to the room vad
[13:36] {bruce} patience to lead calls
- Credit card debt, lower prices for homes, other assets could constrain spending.
[13:37] {Threei} - There is reason to be concerned on the health of community banks because of real estate exposure.
[13:37] {patience} i'll post my trades, just thought you guys didn't like options and currency stuff
[13:37] {bruce} media just keeps piling on bad news a bout real estate
[13:38] {Threei} FED'S EVANS: RISK TAKING IS AN INGREDIENT IN ECONOMIC GROWTH, POLICY MUST KEEP FOCUSED ON MEDIUM-TERM GOALS- Says it is an important question whether Fed policy responses will lead to further excesses in the future.
[13:38] {Threei} Poole's comment is what scared the market most of all
[13:38] {magoo} aapl bounce again vad?
[13:38] {bruce} meanwhile - 2 years back - media is in frenzy talking about how people are making fortunes in US real estate
[13:38] {bruce} thanx patience
[13:38] {Threei} not sure this time mags
[13:39] {magoo} they don't like anyone making money is it
[13:39] {magoo} good nvda vbounce area?
[13:39] {bruce} duty calls - taking break - doggy walk time
[13:39] {Threei} I would wait it out
[13:39] {Threei} see, what we have right now:
[13:40] {Threei} market prepared everything for a squeeze and actually started it,
[13:40] {Threei} then these comments hinting at possible end of rate cuts and even hikes scared the bejeezus out of market,
[13:41] {Threei} now it's matter of "shrug it off and do what intened" or "OK, Plan B" for the market
[13:41] {Threei} kind of starting it all over again,
[13:41] {Threei} so I want to see confirmation again
[13:59] {magoo} down 2650
[13:59] {magoo} vad
[13:59] {Threei} ?
[14:00] {magoo} mkts 260
[14:00] {Threei} gosh
[14:00] {Threei} you scared the living daylight out of me
[14:01] {dino} 35 to g0
[14:01] {patience} look at that bastard paycheque could have been bigger today...the dog
[14:02] {dino} greed is good, huh patience? :)
[14:02] {patience} i'm just p.o.ed
[14:03] {dino} i know, just busting
[14:03] {Threei} one more leg down before bounce
[14:08] {magoo} nvda bounce? aapl/
[14:09] {Threei} AAPL is my choice
[14:09] {Threei} NQ turn up from here is entry signal;
[14:10] {magoo} where u think?
[14:10] {Threei} NQ greening
[14:10] {magoo} huh?
[14:11] {Threei} wave of green on the tape at the moment
[14:11] {Threei} AAPL was around .07 - .13
[14:12] {Threei} same situation
[14:12] {Threei} selling pressure still
[14:13] {Threei} not as clear right now, on a sideline
[14:13] {dino} akam spike
[14:16] {lumdus} go away a few hours and dow down 281 .
[14:16] {Threei} ahhh... it's lum's fault
[14:16] {lumdus} not great, but good prediction by vad this am
[14:17] {lumdus} well, you know i put alot of money in that other stock. not taking that out for a while.
[14:17] {Threei} am maybe but then I said rally lum {G}
[14:17] {lumdus} oh, when did you say rally ?
[14:17] {Threei} waited for you to leave
[14:17] {Threei} and rally actually even started... tyhen another talking head opened its big useless mouth
[14:17] {lumdus} ok, fine. i am out hunting now for some stock
[14:18] {lumdus} you seem to love the fed these days.
[14:18] {Threei} oh, I always loved them
[14:18] {Threei} the day fed is abolished will be the day US recovery starts
[14:19] {Threei} or maybe healing is the better word
[14:19] {lumdus} yeah, but your love is getting more and more every day for them.
[14:21] {bruce} watching cmed here dino -
[14:23] {dino} let me know
[14:23] {dino} cavm i'm watching too
[14:24] {bruce} will do - want to see it showing more strength
[14:29] {lumdus} in dna 76.18
[14:31] {Threei} AAPL 126 break long if stays above 125.80
[14:34] {bruce} mised cmed dino - sorry - my fault - wanted to see it pullback but it just kept rallying
[14:35] {lumdus} stop on dna 75.98
[14:35] {ThurstonHowellTheThird} Is there any way way to make this chatroom beep only when there is a post?
[14:36] {lumdus} and we all fall down . ..
[14:37] {Threei} try File-Options-Sounds-Beep on Channel message
[14:37] {ThurstonHowellTheThird} ok thanks
[14:38] {lumdus} 1:1 on DNA
[14:39] {bruce} Ilike cavm long here dino
[14:39] {lumdus} stop on dna 76.07 for now
[14:40] {dino} cavm l .04 stop .83
[14:42] {Threei} out AAPL here
[14:42] {Threei} looking to reenter on pullback
[14:44] {lumdus} stop on dna 76.17
[14:45] {lumdus} stop on dna 76.19 maybe it run to 78.00 if market behave
[14:47] {Threei} {AAPL} what pullback?
[14:47] {bruce} nice move on aapl vad -
[14:49] {Threei} RIMM long off pulback, stop under 105
[14:50] {Threei} hard to nail exact entry
[14:50] {bruce} any read on dtsi break vad?
[14:51] {Threei} ugh no
[14:51] {Threei} not the kind I would like to trade in this market
[14:51] {bruce} k
[14:51] {dino} darn, partial fill anly l .00
[14:53] {bruce} cmed consolidation here dino - high risk on break of46
[14:54] {lumdus} dna stop now 76.25
[14:55] {dino} gild sm l .60, stop .35
[14:56] {dino} alny stop to .98
[14:58] {Threei} taking bets on markety direction for the last hour
[14:58] {dino} out alny .50, +1.50
[15:00] {Threei} dp, look dcc please
[15:00] {Threei} AAPL is back colser to support 126
[15:02] {bruce} I'm guessing market may go up down or sideways vad
[15:03] {Threei} hmmm
[15:04] {Threei} in
[15:04] {Threei} .87
[15:04] {Threei} .79 stop
[15:04] {magoo} in .95
[15:05] {Threei} chasing a bit
[15:08] {magoo} out 07
[15:10] {Threei} to short RIMM or not to short RIMM...
[15:11] {Threei} can't mske up my mind
[15:11] {dino} back to my coin flip market
[15:11] {bruce} airm spikes dino
[15:12] {patience} i say market goes down vad, my yen calls keep going up
[15:12] {Threei} yup, new low
[15:15] {Threei} AAPL .50 short
[15:16] {dino} cavm stopped
[15:16] {bruce} stop .75 or wso if aapl triggers?
[15:16] {Threei} so far over .70
[15:16] {Threei} over .75 invalidated
[15:18] {dino} esrx lod
[15:18] {dino} below jan lows
[15:18] {dino} esrx
[15:20] {Threei} no worky AAPL
[15:21] {Threei} RIMM was much better short, pciked wrong one for this move
[15:24] {Threei} for someone who was not going to be especially active today I think I overtraded...
[15:24] {Threei} 13 long trades, 9 wins 4 stops,
[15:24] {Threei} 12 short trades, 10 wins 2 stops
[15:25] {magoo} awqesome, and i lost today
[15:26] {dino} you're in the zone vad, great job
[15:27] {Threei} one thing I kept in line with plan was scalping
[15:27] {magoo} i having trouble keep[ing up with u
[15:27] {Threei} probably that's why so many trades, but percentage of wins is good
[15:27] {magoo} like that aapl, .07 obver your entry
[15:27] {Threei} didn't really oversit any of them
[15:27] {magoo} then, miss a scalp out
[15:27] {Threei} well, almost
[15:28] {Threei} yeah, not an evironment to chase mags
[15:28] {Threei} moves are so quickkly reversed, you don't have much room
[15:31] {Threei} today's selling is a good sober up... reminder that it's still a bear market
[15:34] {ThurstonHowellTheThird} testing
[15:34] {Threei} and?
[15:34] {ThurstonHowellTheThird} failed
[15:34] {Threei} lol
[15:34] {ThurstonHowellTheThird} my beep sound
[15:34] {Threei} click on some other window on your screen,
[15:34] {ThurstonHowellTheThird} isn't working
[15:34] {Threei} make this one inactive
[15:34] {Threei} that will be the test
[15:34] {Threei} it shouldn't beep if it's active
[15:35] {ThurstonHowellTheThird} oh ok , I see
[15:35] {Threei} let's test it now
[15:35] {Threei} click somewhere else
[15:35] {Threei} test
[15:35] {Threei} test
[15:35] {ThurstonHowellTheThird} it works , thanks
[15:35] {Threei} :)
[15:37] {Threei} -277 dow
[15:37] {Threei} -33 NQ
[15:37] {Threei} aand still, we haven't had any panic selling
[15:40] {magoo} and a friday
[15:41] {magoo} 300 down
[15:42] {Threei} cosmo
[15:42] {Threei} AOL is pulling plug oln Netscape tomorrow
[15:43] {dino} all things condidered, fwlt held well today for the beating it took the other day
[15:48] {dino} sirf stopped -.06
[15:49] {patience} have fun on your trip dino, good weekend to all, profitable day in spite of sloppy trading
[15:49] {lumdus} l rimm 108.84
[15:49] {lumdus} stop 103.79
[15:50] {lumdus} oin
[15:50] {lumdus} oin -.05
[15:50] {magoo} 329 dn
[15:50] {lumdus} 350 dn
[15:50] {lumdus} nice weekend al.
[15:51] {lumdus} tx vad for a great day
[15:51] {Threei} take care lum, have a good one
[15:51] {dino} seems i was wrong about -320
[15:51] {magoo} no panic either
[15:52] {bruce} have good holiday dino
[15:52] {dino} thanks patience
[15:52] {dino} ty bruce
[15:53] {dino} good luck next week to all
[15:53] {Threei} have a nice relaxing trip dino
[15:53] {Threei} OK guys, thank you all
[15:53] {Threei} have a good weekend
[15:54] {Threei} see you on Monday
[15:54] {magoo} TY vad, ill be in next week
[15:54] {ThurstonHowellTheThird} bye
[15:55] {dino} will do 3i, a bit burnt out lately
[15:59] {dino} take care all, backl on the 11th