Tuesday, March 25, 2008

Mar 25 2008

Session Time: Tue Mar 25 00:00:00 2008

[08:33] {magoo} morning
[08:33] {Threei} Good morning
[08:35] {magoo} hi vad
[08:49] {Onix} Good morning Vad; magoo
[08:50] {Threei} Onix :)
[08:52] {magoo} people having trouble loggin in vad?
[08:52] {magoo} i got in ok
[08:52] {cosmo} HOGS beat analysts est
[08:53] {cosmo} # Henan Zhongpin Food Share Co. Ltd Earnings Call scheduled for 9:00 am ET todayCCBN(Tue 8:45am)
[08:54] {Threei} people sleep mags
[08:54] {magoo} look MON vad, news?
[08:55] {magoo} ABPI crushed..2.99 to .66 cents
[08:55] {Threei} 08:45am [MON] Guides FY08 $3.15-3.25 v 2.87e (previously guided $2.70-2.80)more.. - The company now projects full-year ongoing EPS of $3.15-3.25. As-reported EPS is expected to be in the range of $3.38-3.48 for the full year. Results will be affected favorably by $0.23/shr from the settlement of claims in conjunction with Solutia's emergence from bankruptcy. - As-reported EPS is expected to be in the range of $1.98 for Q2; The company expects ongoing EPS in the range of $1.75 v $1.34e (unclear if comparab
[08:56] {Threei} Biopharmaceuticals Releases results of Phase III primary endpoint in clinical study of SinuNase Lavage
[08:56] {Threei} Analysis of the unblinded primary endpoint data did not show the required level of statistical significance when comparing the SinuNase arm to the control arm.
[08:57] {Threei} that's ABPI
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[08:59] {dino} good news and bad news on the trading front
[08:59] {Threei} ?
[09:00] {dino} ok, since vacation, 10 days of trading. good news all positive
[09:00] {dino} bad news, only 72% of daily goal
[09:00] {dino} so, i need to adapt a bit
[09:01] {Threei} alternatively,
[09:01] {Threei} it could be simply an outcome of abnormally volatile markets
[09:02] {dino} i have mentioned that to magoo, but he cuts me no slack whatsoever
[09:02] {Threei} if that's the case, adjustments should be light, in order not to overdo it
[09:02] {Threei} and face troubles as market returns to norm
[09:03] {Threei} I am a bit wary of attempts to overhaul too big part of approach with each market turn
[09:03] {dino} thinking the same, i understand. there is one other factor, i am trading smaller size because of the whips
[09:03] {dino} that could be it
[09:03] {Threei} when radical things happen then yes, deviation from old norm are too big
[09:03] {Threei} for instance, when market went to decimals from fractions
[09:03] {Threei} that was kind of big and permanent change
[09:04] {Threei} gotta adjust or wilt and die
[09:04] {dino} y
[09:04] {Threei} current change is simply change of market conditions, we go through those all the time
[09:04] {Threei} logical chain is exactly as you said,
[09:04] {Threei} increased volatility made you control risk tighter bu decreasing size
[09:05] {Threei} which in turn led to diminished return
[09:05] {GeoArb} good morning
[09:05] {Threei} Geo
[09:05] {magoo} TMA vad, news
[09:06] {dino} that is most likely the cause. ty vad
[09:06] {Threei} Inc Proposes up to $1.35B private placement of Senior Subordinated Secured Notes, due 2015; suspends dividend on preferred stock
[09:06] {Threei} - The deal includes an interest rate of 18%, adjusted to 12% upon the satisfaction by the company of certain conditions.
[09:06] {Threei} - The proceeds of this proposed private placement are intended to satisfy a key contingency of the Override Agreement Thornburg Mortgage announced on March 19, whereby the company agreed to raise a minimum of net proceeds of $948M in new capital on or before March 27.
[09:06] {Threei} - Additionally, the company will be conducting a tender offer for at least 90% of its outstanding preferred stock at a price of $5 per $25 of liquidation value, plus, upon shareholder approval of additional authorized shares, warrants to purchase an aggregate of 5% of the company's common stock outstanding on a fully diluted basis (reducing the private placement investors' interest to 85%), or, if shareholder approval is not obtained, alternative consideration.
[09:07] {Threei} radical change is something that makes me uneasy dino... natural for people from the country that went through revolution of 1917 {G}
[09:08] {dino} y
[09:08] {Threei} if things simply don't work, OK.... reworking is needed
[09:09] {Threei} not your case by any stretch of imagination
[09:12] {Threei} be back in 5
[09:18] {Threei} not much enthusiasm on SIRI/XMSR
[09:18] {Threei} buyer at 3.80 will have to put it in long term account it seems
[09:24] {magoo} u watching TMA vad?
[09:25] {Threei} yes
[09:25] {Threei} 1.80 - 2 range so far
[09:26] {Threei} if loses 1.80 will probably need deeper pullback
[09:28] {magoo} how many shares will u hit IF u do
[09:28] {magoo} 3k?
[09:29] {Threei} depends on setup
[09:29] {Threei} if for quick scalp with small stop, 3 at least, 5 more likely
[09:30] {cosmo} CSIQ
[09:33] {Threei} GILD small shares long, stop under .70
[09:33] {Threei} 50.01 trigger
[09:39] {Threei} SOLF
[09:39] {Threei} 11 break long half lot
[09:39] {Threei} aww, late
[09:39] {Threei} don't chase
[09:40] {Threei} GILD stop to .79
[09:40] {bruce} resistance at 50.22 in gild
[09:42] {Threei} most likely not a scalp for me
[09:43] {magoo} potential??
[09:43] {bruce} half out gild+.20
[09:44] {Threei} offering half .40
[09:44] {Threei} half out
[09:44] {Threei} stop to .99
[09:44] {bruce} gild stop to 50.10?
[09:44] {bruce} k
[09:45] {Threei} trying to give it a bit more room bruce
[09:45] {Threei} will trail if it breaks .50
[09:45] {dino} titn
[09:45] {Threei} ESLR .61 long with .54 stop
[09:46] {Threei} GILD stop to .15
[09:46] {Threei} 1:2
[09:46] {magoo} out GILD .55 TY vads
[09:47] {Threei} welcome sir
[09:47] {dino} gj
[09:48] {Threei} ESLR invalidated
[09:49] {dino} crzo sm l .75
[09:50] {Threei} JNPR .38 long if stays above .30
[09:51] {magoo} jnpr stronger than naz/
[09:51] {magoo} ?
[09:52] {Threei} yup
[09:52] {Threei} GILD trailing stop to .35 who strill holding
[09:52] {magoo} out here vad
[09:53] {magoo} in JNPR
[09:53] {Threei} JNPR 1:1 for scalpers
[09:53] {Threei} half out here
[09:53] {magoo} out .54 TY
[09:53] {Threei} easy button time?
[09:54] {dino} i just heard an easy button
[09:54] {dino} gj magoo
[09:54] {Threei} stop to .39 JNPR for holders
[09:56] {Chaeron} gm all - looks like you're having a great day... room for one more I hope
[09:56] {Threei} chaeron :)
[09:56] {Chaeron} mags is happy :))
[09:57] {Threei} wow, you got high print JNPR magoo
[09:58] {magoo} lucky..i laid it out ahead too
[09:58] {magoo} came up to me
[09:58] {Threei} that's the way if scalping
[09:58] {Threei} what's up with GERN
[09:58] {magoo} yeah..out full
[09:59] {dino} out crzo .15, +.40
[09:59] {magoo} nice dino
[09:59] {dino} ty
[09:59] {bruce} nice trade dino congrats
[09:59] {Threei} good job guys
[09:59] {bruce} I couldn't read crzo
[10:00] {Threei} *JAN HOUSE PRICE INDEX M/M: -1/1% V -0.2% PRIOR
[10:00] {Threei} MAR CONSUMER CONFIDENCE: 64.5 V 73.5E
[10:00] {dino} s crzo .00
[10:03] {Threei} VMED
[10:03] {Threei} .93 long if holding above .85
[10:04] {magoo} missed it'
[10:04] {dino} crzo stopped
[10:04] {dino} -.34
[10:04] {Chaeron} coming back a bit maybe
[10:04] {Threei} KLAC
[10:05] {Threei} .90 long
[10:05] {Threei} stop under .80
[10:06] {Threei} invalidated
[10:08] {Threei} stopped VMED
[10:09] {bruce} market really choppy - breaks not continuing
[10:10] {magoo} u reading RIMM or AAPL boss?
[10:10] {judijim} good morning from jj
[10:10] {Threei} jj :)
[10:10] {magoo} jj : )
[10:10] {Threei} not so far magoo
[10:11] {bruce} whats to read - they look like yo-yos mags
[10:12] {Threei} SEED, what's up
[10:12] {dino} nov l .80
[10:13] {Chaeron} SEED no news on any wires I have
[10:13] {hawkfan4} 25-Mar-08 10:07 ET SEED (+14.8%, 11.6x -note the co reports Q1 results today after the close).
[10:13] {Threei} ty
[10:15] {magoo} bruce..i was readsing a bounce w/naz is all
[10:17] {bruce} hot - possible long reversal here dino
[10:17] {Threei} GILD... why did I ever trail that stop, lol
[10:18] {magoo} we should have reentered
[10:18] {bruce} hard to set stops in em now mags w these ranges
[10:18] {bruce} aapl rimmsky that is
[10:19] {magoo} reenter comment was for gild
[10:19] {Threei} reenter requires setup
[10:19] {Threei} didn't see any
[10:21] {dino} out nov .40, +.60
[10:21] {dino} too soon
[10:25] {Threei} very risky play, SEED 6 break for quick fingers
[10:32] {dino} penn
[10:34] {Chaeron} I see no news on PENN
[10:34] {Threei} RIMM .50 breakdown short
[10:34] {Threei} watch this bounce for stop level
[10:38] {GeoArb} anyone else in RIMM?
[10:39] {judijim} yes
[10:39] {Threei} stop above .80
[10:39] {Chaeron} me too Geo - sorry.. slow this morning
[10:39] {judijim} stopped out at .74 -.20
[10:40] {GeoArb} :)
[10:40] {Threei} market strengthened
[10:40] {Threei} stopped
[10:41] {Chaeron} yep -33
[10:41] {bruce} penn short dino?
[10:42] {Chaeron} thank goodnes for stops
[10:42] {GeoArb} yup
[10:49] {Chaeron} .
[10:51] {dino} missed it penn, distracted
[10:54] {bruce} k
[10:57] {Threei} action is way too wierd here
[10:57] {Threei} staying on a sideline for now
[10:57] {Onix} Bye for now .. gotta go to work .. best of luck!
[10:57] {Threei} take care Onix
[11:03] {Threei} BSC break of 11 is interesting
[11:04] {Threei} if stays above 10.85
[11:05] {Chaeron} a lot of stuck quotes in L2 today it seems
[11:05] {Threei} ?
[11:05] {Threei} I don't have any
[11:05] {dino} ulta
[11:06] {Threei} by whom chaeron?
[11:06] {Chaeron} BSC EDGX at .95
[11:06] {Threei} ahha
[11:06] {Chaeron} now ok
[11:06] {Threei} 09:43:43 ADMIN7 --} (All): EDGX experiencing streetwide market data issues - hide for now.
[11:06] {Threei} 09:38:33 ADMIN7 --} (All): Delays in EDGX quotes - will advise. Hide for now in Hidden MM tab.
[11:07] {Chaeron} oh thanks... I don't see that notification
[11:07] {Threei} watch alerts for this kind of information
[11:08] {judijim} we didn't see alert either. traded rimm l +.21
[11:08] {bruce} for bsc break of .91 looks like early entry opportunity
[11:11] {Threei} invaliadted as a break play for now
[11:21] {bruce} lvs looks like long candidate dino
[11:22] {dino} y
[11:24] {dino} l sm ave .35
[11:27] {bruce} you talkin lvs? if so stop under 80 I'd think
[11:29] {dino} y stop .07
[11:30] {bruce} looking good so far - not in yet
[11:35] {dino} idcc
[11:36] {bruce} yes - saw the spike
[11:36] {magoo} solf hitting scanner
[11:37] {Threei} yeah, invalidated our setup earlier... not a breakout stock
[11:37] {Threei} moves off pullbacks, fails breakouts
[11:38] {Threei} if this pattern holds, will look for entry around .50
[11:40] {GeoArb} hi, quick Q, I have the four scanners... is it among them or custom?
[11:40] {GeoArb} ahh saw it on JBE
[11:41] {bruce} you still holding all lvs dino?
[11:41] {Threei} my favorite kind of questions
[11:42] {Threei} you ask, you answer... all I do is nod :)
[11:44] {bruce} nvda long scalp candidate here vad
[11:45] {Threei} with .14 stop?
[11:45] {bruce} yes - small - probaly won't move far
[11:45] {Threei} pretty much market dependent...
[11:46] {Threei} and market is a wierdo here
[11:47] {bruce} aint it always?
[11:48] {Threei} lol
[11:48] {Threei} sometimes it's a wierdo with patterns of wierdness, and sometimes it's a plain wierdo
[11:48] {Threei} right now it's a plain wierdo
[11:49] {magoo} remember when...............
[11:49] {magoo} weirdo= queer=gay=sex=
[11:50] {bruce} lol - \
[11:50] {bruce} leave it to mags
[11:51] {Threei} SOLF pullback was too shallow for me to enter... too bad
[11:52] {Threei} I would put it this way:
[11:53] {Threei} when you have determination in market you get much more easy to read trades
[11:53] {Threei} it's like market has a mission
[11:53] {Threei} today it doesn't so far,
[11:53] {Threei} it's more like waiting for something
[11:53] {bruce} a mission - like mags raiding ber fridge?
[11:54] {Threei} exactly
[11:54] {Threei} dertermination, purpose, decisive pace
[11:54] {Threei} eyes on a target
[11:55] {bruce} k - yes a bear stalking a beer
[11:55] {Threei} beer be gotten
[11:55] {bruce} single minded focus and purpose
[11:56] {magoo} hiccup : )
[11:59] {Threei} ok, that's the ultimate iroy in my eyes:
[12:00] {Threei} irony
[12:00] {Threei} 11:50am [UPS] Hearing taken off of Focus List at Bear Stearns
[12:01] {magoo} the cat watching the cannary he he
[12:01] {Threei} just how seriously can estimates be taken when they are coming from a company that steered its own action in such disastrous way
[12:19] {Threei} RIMM .50 break long
[12:19] {Threei} let it pullback, don't chase
[12:20] {Threei} stop under .30
[12:21] {dino} lvs out .85, +.50 ty bruce
[12:22] {Threei} come on NQ, spike time
[12:23] {dino} titn sm s .18
[12:24] {bruce} wwtg dino - was worried you'd get stopped
[12:25] {dino} stopped major sklip -.42
[12:26] {Threei} my feeling is primary direction is upward now
[12:26] {Threei} need NQ to break 1825
[12:27] {Threei} RIMM over 1:1
[12:29] {Threei} out RIMM
[12:29] {Threei} +/50
[12:29] {Chaeron} thanks 3i + 59
[12:29] {Chaeron} .59
[12:29] {Threei} welcome sir
[12:30] {dino} oyog
[12:30] {dino} thin
[12:34] {Threei} magoo... you alive?
[12:34] {Threei} or beer overcame your will to keep eyelids open?
[12:35] {bruce} you thinking short oyog?
[12:35] {Threei} RIMM pullback into .50 is buyable for bounce
[12:35] {Threei} with tighty stop
[12:35] {Threei} .45
[12:39] {magoo} sorry vad..on phone
[12:39] {magoo} but, giot first RIMM call and out .91
[12:39] {magoo} TY
[12:39] {Threei} whew
[12:39] {Threei} :)
[12:39] {Chaeron} gj magoo
[12:39] {Threei} I was worried that after pressing me for RIMM call for half of the day you missed it when it finally came :)
[12:40] {bruce} rimm dropped to .41 - still valid?
[12:40] {magoo} nah..got entry..laid out..got distracted but laser filled it..
[12:41] {Threei} not here bruce
[12:41] {bruce} k
[12:50] {magoo} vad..when i press u for call..do not make call to appease magoo...make sure it sets up
[12:51] {Threei} I would never do it
[12:52] {Threei} unless I am drunk
[12:52] {Threei} wait...
[12:52] {Chaeron} checking to see if you're drunk? :)
[12:52] {Threei} no, just need to wash down this last shot of vodka with something
[12:52] {Chaeron} scotch
[12:53] {Threei} good idea
[12:54] {Threei} I really need to be more carefull with my occasionally (read 99% of the time) wierd sense of humor... with logs being publc domain, rumors of my drinking will not be long behind :)
[12:55] {bruce} lvs goinglong again
[13:11] {bruce} vtiv dino - don't think its done dropping yet but watching it
[13:12] {dino} hmm
[13:16] {dino} sm l .00
[13:16] {magoo} spitzers on it.
[13:16] {Threei} clicking fraudsters
[13:26] {dino} exls
[13:26] {Chaeron} .
[13:27] {Chaeron} ..
[13:27] {Threei} all good points
[13:27] {Chaeron} thank you... I'll sweep them up before I leave
[13:28] {dino} vtiv stop to b/e
[13:28] {Chaeron} I missed RIMM :(
[13:32] {magoo} we all did there
[13:35] {judijim} we caught rimm for +.34
[13:36] {Chaeron} nice jj
[13:36] {Threei} gj jj
[13:36] {Threei} (I waited several hours for my chance to say that)
[13:37] * Chaeron rolls eyes
[13:37] {magoo} vad, u catch that RIMM run up?
[13:37] {Threei} nope
[13:41] {dino} vtiv stopped flat
[13:44] {bruce} well played dino
[13:44] {Threei} SEED...
[13:44] {Threei} thing is poised to move
[13:44] {Threei} but finding entires is a b*thc on it
[13:45] {bruce} eqix looks long around here
[13:49] {dino} oyog s sm .00
[13:50] {magoo} RIMM continues
[13:50] {Threei} SEED too
[13:51] {magoo} u in SEED?
[13:51] {Threei} I took a little, couldn't resist
[13:52] {magoo} where?
[13:52] {Threei} it has disgusting potential to trun into longer hold than day trade thouigh
[13:52] {Threei} 6.10
[13:52] {Threei} don't chase
[13:52] {Threei} it most lilely will give you another chance at that or much better price
[13:52] {Threei} pullbacks on it are hellish
[13:55] {Threei} [12:26] {Threei} my feeling is primary direction is upward now
[13:55] {dino} vtiv l .10
[13:55] {Threei} was that right feeling or what
[13:56] {Threei} and some say I am feelingless
[13:58] {Threei} can I cry about GILD?
[13:58] {magoo} only if its on my shoulder
[13:58] {magoo} i had 1k of it
[13:58] {Threei} is there beer on your shoulder?
[13:58] {magoo} spilled on shirt? yes
[14:00] {bruce} zolt long break candidate
[14:00] {Threei} watching IMB for possible frenzy
[14:03] {Threei} no technicals on it, just potential short squeeze
[14:04] {dino} vtiv stop to .24
[14:06] {dino} make vtiv .30
[14:10] {dino} to .40
[14:11] {dino} out .45, +.35
[14:13] {dino} ty bruce
[14:13] {bruce} nice dino
[14:15] {Threei} mags, did SEED let you in on a pullback?
[14:20] {Threei} {magoo} no, I was too busy trying to even amount of beer spilled on both shoulders
[14:20] {magoo} i did not enter
[14:21] {Threei} OK, just thought maybe running comments were needed
[14:21] {magoo} was looking at rimm short scalp..no in tho
[14:23] {Threei} don't misunderstand me please:
[14:24] {Threei} I am not calling for SEED entry
[14:24] {Threei} if I were I would do it when I entered
[14:24] {Threei} it's very risky one and most likely not a daytrade
[14:25] {magoo} i scalped .17 cents on your very very first call off 6...thats it
[14:25] {Threei} wow really?
[14:25] {Threei} cool :)
[14:25] {magoo} just bummed i missed that monster RIMM move, we were in it 13.50 remrber?
[14:26] {Threei} no
[14:26] {Threei} I prefer to forget this kind of things as soon as I can
[14:28] {Laserdave1} hi Magoo dcc please
[14:30] {dino} rbcn s .90
[14:45] {Threei} how about that IMB
[14:53] {dino} rbcn cov .50, +.40
[14:56] {bruce} nice dino - that trade I didn't understand - stock range was only 1.50 -thought it was too small
[14:58] {dino} yes, but had hard stop at .01 so thought what the heck
[14:59] {patience} hey vad, have you traded FEED at all? started in dec 07 on Nasdaq
[15:00] {bruce} k- worked nice for you
[15:00] {Threei} certainly looked at it... not sure if actually traded
[15:00] {dino} lucky bruce, thats all. random entry
[15:00] {bruce} nov possible long break candidagte - risky stock w big pullbacks
[15:01] {dino} back in 10
[15:01] {dino} watch oih w/it bruce
[15:02] {bruce} k - thanx dino
[15:02] {patience} ty vad
[15:02] {Threei} I seem to remember it moved with COIN and SEED at some point
[15:03] {patience} just reviewing my sector trades, bottom fishing
[15:03] {patience} came across FEED article
[15:03] {patience} hadn't heard of it before
[15:13] {judijim} signing off, net +.72, good day for us. Thanks a lot everyone. Be back am
[15:14] {Threei} take care jj, good job
[15:16] {bruce} need to head out to apptmnts- take care all
[15:18] {magoo} SEED..man..whenever i don't chase he he
[15:19] {Threei} me out
[15:20] {Threei} but mags... thing even did dive under 6
[15:20] {Threei} if you weanted it it was available without chasing
[15:21] {magoo} oh agree...just observing
[15:22] {Threei} IMB
[15:23] {Threei} .50 break long
[15:23] {Threei} stop under .35
[15:24] {Threei} mama mia
[15:26] {magoo} now reaklly crying over SEED
[15:31] {Threei} another market spike in the making it seems
[15:32] {magoo} aapl or rimm long??
[15:32] {Threei} .30 break RIMM
[15:34] {Chaeron} testing my patience....
[15:35] {Threei} too deep pullback
[15:35] {Chaeron} yep
[15:35] {Threei} if market spikes off a pullback, better try to get RIMM aggressively for a bounce scalp
[15:48] {Threei} going to watch SEED after hours, just in case
[15:49] {magoo} u in it?
[15:49] {Threei} no
[15:54] {Chaeron} ok all... see you tomorrow.... many thanks Vad
[15:54] {Threei} thank you all, have a good evening
[15:55] {Threei} see you tomorrow
[15:55] {dino} cya 3i
[15:57] {dino} oyog stopped .02 -.02
[15:58] {dino} thats all for me, thanks, good day
[16:02] {Threei} CCU