Thursday, May 8, 2008

May 08 2008

Session Time: Thu May 08 00:00:00 2008

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 365K V 370KE
[08:30] {Threei} CONTINUING CLAIMS: 3.02M V 3.019ME
- Prior Initial Jobless Claims revised from 380K to 353K
[08:30] {Threei} - Prior Continuing Claims revised from 3.019M to 3.03M
[08:31] {_aosdaveg} morning
[08:31] {Threei} hey dave
[08:38] {Threei} 05/07/08 04:05pm
[08:38] {Threei} [CROX] Crocs, Inc. Reports Q1 $0.09 v $0.10e, R $198.5M v $197Me
[08:38] {Threei} -Guides Q2 EPS $0.45-0.50 v $0.43e
[08:38] {Threei} -Guides FY09 EPS $1.70-1.80 v $1.82e; Ses rev's +15-20% y/y
[08:41] {magoo} morn
[08:42] {Threei} hi mags
[08:42] {_aosdaveg} morning mags
[08:43] {magoo} :)
[08:44] {magoo} HANS pummelled last nite
[08:46] {Onix} Good morning to all
[08:46] {Threei} onix :)
[08:46] {_aosdaveg} morning Onix
[08:46] {Onix} hi Vad, Dave
[08:46] {Threei} notr sure why CROX is so happy
[08:47] {Threei} earning don't looks that earth-shuttering
[08:49] {Threei} [ENER] Energy Conversion Devices Inc Reports Q3 $0.17 v -$0.06e (unclear if comparible); R $70M v $66.7Me
[08:49] {Threei} - Guides Q4 Rev $73-78M v $66.7Me
[08:49] {Threei} - Guides FY08 Rev $246-251M v $243.4Me
[08:53] {magoo} BRL vad
[08:53] {Threei} [BRL] Barr Pharmaceuticals Inc Reports Q1 $0.57 v $0.78e; R $608.0M v $684.1Me
[08:53] {Threei} - Guides FY08 EPS $2.75-3.05 v $3.27e, R $2.7-2.8B v $2.78Be
[08:53] {Threei} - Q1 generic product sales $469M v $471M y/y
[08:58] {magoo} 6ty
[09:04] {Onix} ENER up 43.6% !!!! ???
[09:06] {fernp} gm all
[09:06] {Threei} fernp :)
[09:06] {Onix} hi femp
[09:09] {fernp} every day I find stranger to say "good morinig" at 3:00 pm
[09:10] {Threei} lol
[09:10] {Onix} Vad, is this trading room open during August?
[09:10] {Threei} why wouldn't it?
[09:10] {Onix} I will be on holiday then and can relax with some full-time trading
[09:11] {Onix} maybe you taking holiday?
[09:11] {Threei} "relax with trading"... good thinking :)
[09:11] {Onix} i'm trying to get into the right frame of mind
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:11] {Onix} hi dino
[09:12] {dino} :)
[09:12] {Threei} even if I jump out of the pool for a few days or a week... you guys are quite capable of supporting each other and finding trades
[09:14] {dino} femp, 3:00 pm? where are you located?
[09:14] {Onix} yes, I have seen the people come up with some excellent picks
[09:15] {fernp} in Spain
[09:16] {dino} cool
[09:16] {Onix} so you have to "work" night shift hey?
[09:18] {pita} gm all
[09:18] {Threei} pita :)
[09:18] {Onix} hi pita
[09:21] {fernp} yes, Onix. and my wife doesn't understand why don't work from 9 to 17 ... as neighbours
[09:21] {esemde} morning
[09:22] {Onix} hi esemde
[09:22] {esemde} onix
[09:23] {Threei} ese :)
[09:23] {Onix} so you are done working by 11 am?
[09:24] {pita} onix
[09:25] {Onix} sorry, got my am and pm all mixed up
[09:26] {pita} is ENER overdone?
[09:27] {Threei} keeping aya on CROX to see if that turns in one of those cases where big gapper attracts shorters, consolidates and stages stunning rally
[09:27] {fernp} I don't trade full-time.Onix, just from 15:30 o 18:00 (9:30 to 12:00 EST)
[09:28] {Threei} let's let it trade a bit pita... ENER is very dangerous thing, volatility is enormous on it
[09:28] {Threei} if something more or less safe shapes up on it, we will try it
[09:28] {Threei} it calls for smaller shares
[09:29] {pita} ty
[09:30] {Roman} 21 watching CTDC
[09:31] {Threei} ONNN
[09:31] {Threei} .76 long
[09:31] {Threei} if stays above .60
[09:33] {Threei} NTAP 26 long if stays above 25.80
[09:35] {Roman} 21 CPSL radar
[09:36] {Threei} ONNN
[09:36] {Threei} half out NTAP
[09:36] {Threei} stop to .95
[09:37] {Threei} scalpers know what to do
[09:37] {Roman} 21 in CPSL 4.02
[09:37] {Roman} 21 1/2
[09:37] {Threei} 1.4 more out NTAP
[09:37] {Threei} +.38
[09:42] {Threei} sigh
[09:44] {Roman} 21 loCSIQ
[09:45] {Roman} 21 CSIQ
[09:46] {Threei} done with NTAP last portion
[09:46] {Threei} +.19, +.38, -.05
[09:48] {hawkfan4} nice one Vad, thx, took +.36
[09:48] {Threei} :)
[09:48] {esemde} bstop ENER 1/2 lot long 44.01
[09:48] {magoo} vad, RIMM news?
[09:48] {Roman} 21 bidding JADE here, small only 4k volue so far
[09:49] {Threei} 08:52am [RIMM] Hearing receives cautious comments at TD Newcrest
[09:49] {Threei} bs
[09:49] {Roman} 21 long CSIQ
[09:49] {magoo} no data for symbol BS
[09:49] {Roman} 21 very small, jumpy in 29.52 area
[09:50] {esemde} out ENER .44 +.42
[09:50] {Threei} beautiful scalper's footwork ese
[09:50] {esemde} that one was quick
[09:50] {esemde} and it's still goin
[09:50] {Threei} ENER usually is
[09:51] {Threei} oh good... cold war is back on
[09:51] {Threei} 45 is jumping board for ENER
[09:51] {dino} sm spwr l .75
[09:51] {Roman} 21 long CCU
[09:52] {Roman} 21 small
[09:52] {magoo} me too csiq and ccu
[09:53] {Roman} 21 CCU is on CNBC story
[09:53] {esemde} now thats good news
[09:53] {magoo} in .52 rfr
[09:53] {esemde} Oil supplies what a scam
[09:54] {esemde} long SNDK .46
[09:54] {esemde} 1/2 lots
[09:54] {esemde} that would be one 1/2 lots
[09:55] {Roman} 21 trying PTEN long 1/2
[09:55] {Threei} what's with EMKR
[09:55] {Roman} 21 30.76
[09:55] {Threei} risky, .60 long
[09:55] {Threei} with stop under .40
[09:55] {Threei} half lot I'd say
[09:55] {Roman} 21 out CCU flat
[09:56] {Roman} 21 CSUN high
[09:56] {Threei} best case scenario would be if EMKR consolidates for a few minutes holding .50 support
[09:56] {Threei} so we could tighten stop to .49
[09:57] {magoo} out ccu + .03
[09:57] {esemde} SNDK stop .27
[09:57] {magoo} anyone reading FSLR?
[09:57] {dino} out spwr .80, +.05 no likey
[09:59] {GeoArb} gm
[09:59] {esemde} following it mags but not doing anything with it
[09:59] {Threei} geo :)
[10:00] {esemde} FSLR would be a swing buy for me if I did anything
[10:00] {Threei} MARCH WHOLESALE INVENTORIES: -0.1% V 0.5%E
[10:02] {Roman} 21 out CSIQ
[10:02] {Roman} 21 +.22
[10:06] {Threei} readjusting ONNN setup: trigger is still .76 buit invalidating level is .64 now
[10:07] {fernp} out VRTX +.30
[10:07] {esemde} hmmmmmm....SNDK stopped -.20
[10:08] {Roman} 21 going long CTDC on 5.50 break full size
[10:08] {Threei} all 150K shares?
[10:08] {Roman} 21 all i got
[10:08] {Roman} 21 :)
[10:09] {Roman} 21 in JADE
[10:09] {Roman} 21 PTEN trying again for high
[10:10] {Roman} 21 in CTDC full
[10:10] {esemde} Hero long .99 1/2
[10:11] {esemde} stop .73
[10:14] {Roman} 21 offering 1/2 CTDC
[10:14] {Threei} 75K?
[10:15] {Threei} good one Roman... pulling your leg
[10:15] {Roman} 21 out 1/2 +.27
[10:15] {Threei} sheesh ENER
[10:16] {Roman} 21 NQ weak
[10:16] {dino} dwsn .53 l sm
[10:17] {Onix} esemde, I think our HERO died
[10:18] {Threei} heroes tend to do that in markets
[10:18] {GeoArb} sheesh
[10:18] {Onix} they never fail to disappoint you hey?
[10:19] {Threei} hey... I never promised good sense of humor in this room
[10:19] {Threei} in fact, I warned of just opposite
[10:19] {GeoArb} (going thru fineprint)
[10:19] {Threei} yup, it's right there
[10:20] {Onix} too much stress
[10:20] {pita} any read NTAP?
[10:20] {Threei} not really
[10:21] {Threei} morning trade on it was reliable read
[10:21] {Threei} here it's 50/50
[10:21] {pita} k
[10:22] {Threei} 8.4.2.a) Our sense of humor is seriously flawed; It never developed beyond early teen level. Proceed at your own risk
[10:22] {Threei} there Geo
[10:22] {Onix} lol
[10:23] {Roman} 21 out some more CTDC +.46
[10:23] {Threei} beautiful trade Roman
[10:23] {judijim} gm all
[10:24] {Threei} jj :)
[10:26] {esemde} out HERO .27 +.28
[10:27] {Roman} 21 FEED
[10:27] {Roman} 21 possibly short
[10:28] {Roman} 21 very thin
[10:29] {Onix} good one esemde, I only got +.21 on my 500 shares
[10:29] {dino} out dwsn .93 +.50
[10:29] {dino} .40 i mean
[10:30] {Threei} you guys
[10:30] {Roman} 21 long PLLL 22.76 area small
[10:30] {Threei} newer trader, just starting his way in the market makes .21 on half lot
[10:31] {Threei} and that's qualified as "only"
[10:32] {Threei} I need to readjust my expectations I guess
[10:32] {esemde} just looked at DWSN...nice one dino
[10:32] {dino} ugh dwsn chickened out, could/wouldda had $1+
[10:33] {Threei} any trade that doesn't make me instant zillionare will be marked as "merely", "pitiful" or lousy" from now on
[10:33] {GeoArb} i am merely goodlooking
[10:33] {Threei} and I can't say even that... :(
[10:33] {GeoArb} lol
[10:33] {Threei} just how pitiful is it
[10:34] {Roman} 21 CSIQ going now
[10:34] {Roman} 21 missed
[10:39] {Chaeron} GM all
[10:39] {Threei} chaeron :)
[10:42] {Onix} NTAP C&H?
[10:43] {Threei} it is
[10:43] {Threei} I just doubt it will play out
[10:44] {Threei} but as for chart pattern recognition, A+ Onix
[10:44] {Onix} ty
[10:44] {Onix} lol
[10:46] {dino} fstr l .49
[10:46] {fernp} Threei, do you play C&H not formed in the high of the day?
[10:47] {Threei} I like those at the high more, they have more explosive potential
[10:47] {Threei} but I am interested in "interim" ones too
[10:47] {Threei} it's a pretty powerful setup
[10:48] {Threei} in this particular case, it's NTAP's personality that concerns me
[10:48] {Threei} this one is treacherous somewhat as far as follow-through is concerned,
[10:48] {Threei} I rarely get more than one play out of it,
[10:48] {Threei} it tends to show something readabl;e in the morning,
[10:49] {Threei} then just turn into mess
[10:49] {Threei} so Iam hesitatnt to go top this well more than once
[10:49] {fernp} I see. thank you.
[10:51] {Onix} you know the character of all these stocks!?
[10:51] {Threei} lord no
[10:51] {Onix} or is it more of a general rule, Vad?
[10:51] {dino} kalu
[10:52] {Threei} no Onix, many of them do have their own pwersonalities
[10:52] {magoo} c'mon market..power up
[10:55] {Onix} Vad, I suppose it is quite possible to learn the type of movements one may expectmany
[10:55] {Onix} of a large number of stocks?
[10:56] {Threei} those personalities of which I mention is simply those that I havce experience with
[10:56] {Threei} I do this for almost 12 years
[10:57] {dino} risky sm l kalu .98
[10:57] {Threei} there are clues to how stock tends to trade in its chart and level2
[10:57] {Onix} your experience certainly shows, thanks
[10:57] {Threei} you'll find some of those in MPP
[10:58] {Onix} MPP?
[10:58] {Threei} particularly risk evaluation wise
[10:58] {Threei} Master Profit Plan
[10:58] {Onix} ok
[10:58] {Onix} gotta work through that one again
[10:59] {Threei} well... both MPP and TTR have one interesting in common
[10:59] {Threei} people tend to re-read it as their experience grows and find a lot of things they haven't noticed before
[10:59] {Threei} I get quite a few comments on that
[10:59] {Onix} quite true
[11:00] {Onix} first time much of it not all that comprehendable
[11:00] {Roman} 21 CSTR
[11:01] {Onix} I gotta run to my day-job now, will watch some more from there, bye
[11:01] {Threei} notice that if you tried NTAP break with stop under .90 as chart suggests, you would have been stopped by now
[11:05] {Roman} 21 in XIDE , hard to read but will sit in . in 14.06 area stop 13.76
[11:06] {Threei} dptl dcc please
[11:06] {Threei} ese dcc please
[11:06] {Threei} {--- on dcc rampage
[11:07] * Chaeron hides
[11:07] {Roman} 21 watching SIGM on 21.70 break
[11:07] {magoo} magoo hides w/chaetr
[11:08] {Threei} can I hide with you? I'll bring beer
[11:08] {Chaeron} done!
[11:08] {magoo} and vodka?
[11:08] {dino} then indeed you can
[11:08] {Threei} something tells me, one could do worse in fun department than go in hiding with magoo and chaeron
[11:08] {Threei} and beer
[11:10] {dino} kalu stop tyo .65
[11:11] {dino} out major slip ave .52, +.54
[11:13] {Onix} ty for that good advice on NTAP Vad, i see what you mesn
[11:14] {Threei} interesting thing about this one:
[11:14] {Onix} mean i mean
[11:14] {Threei} its morning setup that we played was on its own merit
[11:14] {Threei} even went against the market
[11:14] {Threei} now it just goes up and down with market
[11:15] {Onix} and that is interesting?
[11:15] {Threei} don't know why, but that morning stamina in face of NQ drop was one of the best clues to a play
[11:15] {Threei} yes it is
[11:15] {Threei} such divergence is an opportunity
[11:15] {dino} vad is easily amused onix:)
[11:15] {Threei} true
[11:15] {Threei} shiny things... loud sounds
[11:16] {Threei} glossy magazines
[11:16] {Onix} small things amuses ...
[11:17] {Threei} except one they create artificially?
[11:17] {Threei} ONNN hit 1:1
[11:20] {Threei} RSOL new IPO in solar sector
[11:23] {hawkfan4} got it .60, thx vad
[11:23] {dino} kalu l .05 sm
[11:25] {Threei} scalped hawk?
[11:25] {hawkfan4} 1/2 out .85, keeping rest see if it goes
[11:28] {Threei} if takes .95, should slice through 9
[11:30] {esemde} take care...pressing business...see ya tomorow
[11:30] {Threei} take care ese
[11:30] {esemde} see ya vad
[11:30] {Chaeron} good luck ese
[11:33] {dino} fstr stopped -.30
[11:33] {Threei} OPEC OIL DAILY SHIPMENTS TO RISE 0.9% IN MONTH ENDED MAY 24 TO 24.57M BPD - OIL MOVEMENTS- OPEC middle east shipments will increase 0.3% to 17.64M bpd
[11:34] {dino} oout kalu .60, .52
[11:41] {Chaeron} nice dino
[11:43] {dino} kalu l .05
[11:43] {pita} later all
[11:43] {Threei} take care pita
[11:45] {magoo} any RIMM read vad?
[11:45] {Threei} nope
[11:46] {Threei} equally likely to bounce or break down
[11:49] {Threei} hawk, you still holding RSOL or exited on spike over 9?
[11:50] {hawkfan4} exited, actually got out 9
[11:50] {Threei} OK
[11:54] {Threei} take a look at IBM daily
[11:54] {Threei} does it look to you like one of major companies in a recession period?
[11:55] {GeoArb} we also have to realize IBM are the ultimate outsources
[11:55] {GeoArb} they dont make money in america
[11:55] {GeoArb} more mutinational than national
[11:55] {Threei} sorry, you lost me
[11:55] {Threei} they may oursource all they want
[11:55] {Threei} as everyone esle does
[11:56] {GeoArb} its where their revenues come from
[11:56] {Threei} but without American market, I truly doubt they have a real shot at going to new highs
[11:56] {GeoArb} ok
[11:56] {Chaeron} technically speaking, looks higher still
[11:58] {Threei} technically speaking... once 125 is broken, what is there to limit its upside?
[11:59] {Threei} it tends to move in 5 dollar ranges
[11:59] {Threei} so, again technically speaking, I'd say we can expect 125-130 as a new range for it
[12:00] {Threei} just amazes me howstrong it is in face of all doom and gloom in economy
[12:00] {Chaeron} source of doom and gloom?
[12:00] {Threei} ummm... economy itself? :)
[12:01] {dino} kalu stop to .48
[12:01] {Chaeron} I was thinking strong Canadian $ :))
[12:01] {Threei} that causes doom and gloom on canadian side
[12:01] {Chaeron} "blame Canada"
[12:02] {Threei} but considering whole canadian population is less than one of California... I doubt you, south of 49th parallel, care much :)
[12:03] {dino} think in terms of bicycles being replaced all over asia but cars
[12:04] {dino} by
[12:05] {dino} kalu to .74
[12:05] {dino} to .90
[12:07] {dino} out kalu .95, +.90
[12:08] {Threei} nice
[12:08] {dino} ty, it's been good to me today 3/3
[12:46] {Threei} amazing how boring things went as morning excitment worn down
[12:54] -} [peterg] PING
[13:02] {fernp} Now I understand from where traders take the time to write books...
[13:03] {Threei} nah
[13:03] {Threei} doesn't work like that
[13:03] {Threei} books are being written on weekends and evenings
[13:04] {Threei} well... at least thosew written by traders... which is not always the case, lol
[13:05] {fernp} just kidding
[13:05] {Threei} unfortunately I am not... a lot of trading books are created by people who can't trade 25 cents for a phone call
[13:06] {fernp} I know that's true
[13:06] {magoo} wake up.power up comith imo
[13:13] {dino} kalu l .30 sm
[13:15] {Threei} not sure mags... very swampy so far
[13:15] {Threei} no direction
[13:15] {Threei} this downdraft doesn't convince me either
[13:16] {Threei} in fact, one of the most prolific authors who also gives a lot of seminars, and I'll omit the name, wrote in a foreward of his first book
[13:16] {GeoArb} tell us three i
[13:16] {Threei} that he never traded, and just wanted to sum experience of many other traders he interviewed
[13:16] {GeoArb} just say you like him
[13:16] {GeoArb} schwager
[13:16] {Threei} book was published in heyday of market
[13:17] {Threei} nope, not shwagger :)
[13:17] {GeoArb} no no holdon
[13:17] {GeoArb} van tharp/elder
[13:17] {Threei} so it caught up and sold a lot of copies
[13:17] {Threei} so, naturally, trying to ride success, he continued with several others
[13:18] {Threei} and became one of leading authorities in industry
[13:18] {Threei} all without EVER trading himself
[13:18] {judijim} unfortunately, perception passes for reality
[13:19] {Threei} well... whole market works on just that, lol
[13:20] {GeoArb} hint hint'
[13:21] {judijim} the script never changes, in sales of any type, the consumer must know less about the product than the person selling it.
[13:21] {GeoArb} all ya gotta do is stay one piano lesson ahaead?
[13:22] {judijim} people buy hope
[13:24] {Chaeron} even in politics
[13:25] {dino} kalu stopped -.40
[13:27] {dino} rinsed
[13:28] {Chaeron} IBM 125
[13:29] {Threei} don't like it for immediate break
[13:29] {Threei} too vertical from 124.80
[13:32] {_aosdaveg} ener
[13:32] {dino} calm l .05
[13:35] {Threei} I won't be amazed to see ENER at 50
[13:35] {_aosdaveg} yup, pretty strong
[13:45] {Threei} IBM looks better now for a break
[13:45] {Threei} .85 support
[13:59] {magoo} er, um...we did power up...........but there was a nasty fall first lol
[14:00] {Threei} yup
[14:00] {magoo} so.really was a sh#t call on my part
[14:01] {Threei} so, let's share credits: to you for forecasting a rally, and to me for not trusting in drop
[14:01] {GeoArb} ibm spike
[14:03] {GeoArb} went up i got half out and then went down and stropped me
[14:05] {GeoArb} hey vad.... you showing up for june trader expo?
[14:05] {dino} calm stopped -.22
[14:10] {Threei} CTDC new push
[14:10] {Threei} no geo
[14:11] {GeoArb} was anyone else in IBM?
[14:12] {fernp} me. half profit, half stop 124.84
[14:13] {GeoArb} yeah ezzatly same here
[14:14] {GeoArb} wierd spike
[14:18] {Roman} 21 out remaining CTDC +1.2
[14:19] * Threei slaps Roman around a bit with a large trout
[14:19] {Threei} indecent profits deserve a slap
[14:20] {dino} gj
[14:20] {Roman} 21 thank you, i was watching this one for a long time
[14:20] {Threei} now, let's ask Roman... does he prefer dino's treatment or mine
[14:21] {Threei} hmm... I am afraid I know the answer
[14:23] {Threei} YHOO
[14:25] {Threei} what, Steve told Jerry to take a hike?
[14:28] {Threei} btw, Roman just told me if I continue slapping him for profitable trades, he is going to dcc them to dino
[14:29] {Threei} good word wins
[14:29] {Threei} maybe I need to consider stopping slapping people altogether
[14:30] {dino} lol
[14:31] {Threei} look how much restrain I show...
[14:31] {Threei} not slapping anyone for whole 2 minutes
[14:32] * magoo slaps Threei around a bit with a large trout
[14:32] {Threei} that's what I get for an honest attempt to become kind and gentle
[14:47] {Roman} 21 bounce for CROX?
[14:48] {Threei} looked at several times earlier... not sure, it fizzled out completely
[14:52] {Threei} HANS .95 short, stop 30.06
[14:55] {Threei} .75 break long CTDC if holding above .65
[15:01] {judijim} have a great day all,be back tomorrow
[15:01] {Threei} take care jj
[15:20] {GeoArb} .
[15:20] {magoo} dave, dcc
[15:20] {dino} mtrx s .25, stop .43
[15:24] {magoo} DAVE DCC
[15:30] {Chaeron} ctdc?
[15:30] {Chaeron} oh wait... invalidated... sorry
[15:30] {Threei} hard to tell CTDC... bounce off .50 was another idea but market was too iffy at the time
[15:30] {dino} mtrx stopped -.10
[15:31] {Threei} may pick up momo again or die, no way to tell really
[15:31] {dino} thing was jumpy
[15:34] {Threei} feel free to cover HANS as you see fit
[15:34] {Threei} over 1:1
[15:36] {Threei} if partialling out, stop to 30.01 for the balance
[15:42] {Threei} over 1:2
[15:42] {Threei} out +.30
[15:44] {dino} amsc doesn't quit
[15:45] {Threei} too soon, HANS
[15:45] {Threei} you all ignored it?
[15:46] {Onix} No not too soon thanks Vad
[15:46] {Onix} Got +.40 on first 400 shares + +.27 on remaining 300
[15:46] {Threei} welcome
[15:46] {Threei} very nice
[15:50] {_aosdaveg} ener
[15:52] {Threei} 50
[15:53] {dino} ok, gotta hop, thx all
[15:53] {Threei} take care dino
[15:56] {Threei} thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:57] {Chaeron} wow... and you thought you covered too soon on HANS, huh?
[15:58] {Onix} thanks ever so much, see you all tomorrow
[16:01] {fernp} thank you. see you tomorrow.