Session Time: Thu May 22 00:00:00 2008
[08:29] {Threei} OPEC CHIEF: US ANTITRUST LAWS MAY PUSH OIL HIGHER- Reminder 5/20 the US House passes a bill allowing an antitrust lawsuit against OPEC, with a vote of 345-72
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 365K V 373KE
[08:30] {Threei} CONTINUING CLAIMS: 3.073M V 3.065ME
- Prior Initial Jobless Claims revised from 371K to 374K
[08:30] {Threei} - Prior Continuing Claims revised from 3.060M to 3.073M
[08:32] {Threei} SPIR
[08:32] {Threei} TO PROVIDE TURNKEY SOLAR MODULE MANUFACTURING LINE TO BTCP IN RUSSIA
[08:42] {peterg} Morning early risers!
[08:42] {Threei} Good morning
[08:43] {Threei} ESLR
[08:43] {Threei} SIGNS NEW SALES CONTRACTS OF APPROXIMATELY $1B
[08:45] {Threei} -Evergreen Solar and German-based Ralos Vertriebs GmbH signed an agreement valued at approximately $750Mfor panel deliveries beginning in 2008 and extending through 2013.
[08:46] {Threei} approximately 750 M in the text body turn into approx 1B in the headline - don't you love this largesse?
[08:47] {Threei} (UK) REPORTS OF EXPLOSION IN RESTAURANT AT EXETER CITY CENTER - WIRE CITING BBC
[09:16] {Threei} ok ESLR, give us pullback
[09:16] {Threei} anyone grabbed piece of action?
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:21] {Threei} sleepyheads
[09:22] {Threei} ESLR is a struggle this high but right on news arrival it was no-brainer
[09:24] {peterg} SoSSSSo you will short at market, put in stop above?
[09:25] {Threei} short?
[09:25] {Threei} why short?
[09:26] {peterg} posselPullback anticipation means down?
[09:26] {Threei} I wouldn't try to short such hot stock in early stages of news-caused movement
[09:26] {Threei} thinking of pullback of long entry opportunity
[09:26] {peterg} K.
[09:28] {peterg} So you'll watch and strike like the cobra when it feels good or right.
[09:29] {Threei} when it forms readable and safe enough setup
[09:29] {peterg} Better.
[09:30] {dino} bcsi
[09:32] {Threei} we have server problem or what
[09:35] {esemde} morning..
[09:35] {Threei} ese :)
[09:35] {esemde} a bit behind this morning....
[09:36] {Threei} ESLR half lot long on dive roughly to 11.30
[09:37] {dino} uthr down again
[09:39] {Roman} 21 vad, whats the setup on ESLR?
[09:39] {Threei} no clear one so far
[09:41] {Threei} range is too wide for break setup, drop is not deep enough for pullback entry
[09:41] {dino} otex
[09:43] {Threei} INTU
[09:43] {Threei} half lot .42
[09:44] {Threei} stop under .25
[09:48] {dino} mkt feels heavy
[09:49] {Threei} ESLR needs more pullback
[09:49] {Threei} closer to 11
[09:51] {dino} sina sm l .30
[09:53] {Threei} INTU stop to .34
[09:55] {Threei} 1:1 INTU
[09:55] {Threei} HOKU?
[09:56] {Roman} 21 was going to say same vad
[09:56] {Roman} 21 moving
[09:56] {Roman} 21 probably news coming
[09:56] {Roman} 21 or mention in a newsletter
[09:56] {Roman} 21 or a trap
[09:56] {Threei} lol
[09:57] {Roman} 21 i think i covered it all
[09:57] {Threei} HOKU is famous forthose
[09:57] {dino} sina stop to .80
[09:58] {dino} out sina .98, +.68
[09:58] {dino} too tight
[10:00] {esemde} bstop JNPR..27.94 1/2
[10:00] {esemde} long JNPR .94
[10:01] {Roman} 21 SNDK
[10:02] {Roman} 21 .
[10:03] {dino} mxc
[10:08] {Threei} OFHEO: IN Q108 US HOME PRICES FELL A RECORD 3.1% Y/Y
[10:08] {Threei} US ENERGY SEC: THERE IS NO "MAGIC BULLET" TO REDUCE GASOLINE PRICES
[10:09] {Threei} PBR
[10:09] {Threei} SAYS MORE OIL DISCOVERED AT TUPI FILED
[10:10] {dino} pabst blue ribbon in the oil business?
[10:10] {esemde} thats a beer isn't it?
[10:11] {Threei} it's a brasilian well if I remember correct
[10:11] {dino} yes es
[10:13] {Threei} US GENERAL PETRAUS: MORE US TROOP CUTS WILL BE RECOMMENDED BEFORE SEPT.
[10:14] {Threei} XIDE
[10:14] {Threei} half lot long .35
[10:14] {Threei} stop .15
[10:17] {Threei} OPEC SEC GEN: SEES NO NEED FOR OPEC TO REVIEW OUTPUT LEVELS TO HELP POOR NATIONS AS PROPOSED BY ECUADOR
[10:19] {dino} csiq
[10:19] {Threei} most of solars getting hit
[10:20] {Threei} look at CSUN
[10:20] {esemde} yup....on my screen for sure
[10:21] {dino} iclr drop, thin
[10:24] {esemde} XIDE still hangin in there Vad...
[10:24] {Threei} yup, climbing slowly
[10:24] {esemde} nice litle jump there
[10:24] {Threei} making new 52 week highs
[10:24] {Threei} oil dropping hard
[10:26] {Threei} stop to .19 XIDE, and to .25 if tages .50
[10:27] {Threei} stop to .25
[10:29] {Threei} ESLR tripped of something?
[10:29] {Threei} XIDE 1:1
[10:30] {esemde} JNPR finally
[10:31] {Threei} nice
[10:32] {Roman} 21 long QTWW
[10:32] {Roman} 21 slow all day bounce play
[10:32] {Roman} 21 1.97
[10:34] {esemde} out JNPR .21 +.27
[10:34] {Threei} wtg
[10:34] {esemde} i'll take it
[10:37] {tomg} ty xide, intu, vad
[10:37] {Threei} tom :)
[10:37] {Chaeron} gm all
[10:37] {tomg} see you tomorrow, take care all :)
[10:37] {Threei} chaeron :)
[10:38] {Chaeron} bye tom
[10:38] {Threei} take care tom
[10:38] {esemde} long JBHT .72
[10:41] {dino} mgs
[10:43] {dino} sm s ,68, risky
[10:45] {Roman} 21 bidding ESLR
[10:45] {Roman} 21 10.72
[10:47] {dino} solf
[10:48] {judijim} hello everyone
[10:48] {Threei} jj :)
[10:49] {dino} gm
[10:54] {Threei} SOLF deep dump
[10:56] {dino} indeed
[10:56] {dino} not so fun
[10:56] {Threei} and not so solar
[10:56] {dino} solarfun
[10:58] {dino} meli
[10:59] {Threei} IMF OFFICIAL: NO CHANGE YET TO WORLD ECONOMIC OUTLOOK DUE TO HIGH OIL PRICES
- Continued high prices could dampen growth.
[10:59] {Threei} - Notes that high prices seen due to supply/demand issues, supply response to high oil prices "sluggish.
[11:00] {Threei} NIGERIAN MILITARY SAYS GUNMAN ATTACK PIPELINE INTERCHANGE
[11:03] {dino} cov mgsd .94, +.74
[11:04] {dino} mgs
[11:06] {esemde} OUT....JBHT .00 + .28 have a great day all...gotta go
[11:06] {Threei} good job ese
[11:06] {esemde} see ya vad
[11:06] {Threei} on both JNPR and JBHT
[11:06] {Chaeron} bye ese gj
[11:09] {dino} later es
[11:15] {peterg} ?
[11:16] {Threei} ?
[11:17] {peterg} Thought disconnected--probably true :)
[11:20] {dino} me too
[11:31] {Threei} market activity died
[11:31] {Threei} which is not really surprizing considering turmoil of last days
[11:32] {Threei} market kind of scratches its head now thinking OK, what's next... how do I hurt as many as I can
[11:36] {dino} alxn
[11:36] {Threei} look as ESLR flatline
[11:36] {Threei} 10 cents range
[11:37] {Roman} 21 bidding SOLF
[11:38] {Roman} 21 21.01
[11:39] {Roman} 21 removed bid
[11:39] {Threei} scared?
[11:40] {Roman} 21 it's going much lower if it gets to 21.01
[11:40] {dino} yeah, to 18 area
[11:40] {Threei} come on... I started taking bets whether it works or not... :(
[11:40] {Threei} how about shorting CSUN 11 loss?
[11:41] {dino} beat, thin
[11:41] {Threei} available for shorting
[11:42] {Threei} half lot? if stays under .15?
[11:42] {Threei} please?
[11:43] {hawkfan4} i will Vad :)
[11:43] {Threei} thank you
[11:43] {hawkfan4} no problem
[11:43] {Threei} just can't get any agreement from Roman
[11:44] {Threei} in case you worried:
[11:44] {Threei} FOLLOW UP: NIGERIAN MILITARY REPELS ATTACK ON SHELL FACILITY, NO DAMAGE TO THE FACILITY- 2 gunmen killed
[11:53] {dino} cwei
[11:54] {Roman} 21 VVUS
[11:54] {Roman} 21 long off 6.25
[11:59] {dino} lol, i was watching it for short
[12:03] {Roman} 21 feel free
[12:04] {dino} not yet
[12:07] {Roman} 21 out 1/2 +.22
[12:07] {dino} good call rfr
[12:07] {Threei} wtg
[12:11] {Threei} CSUN 1:1
[12:20] {peterg} What do you mean by 1:1?
[12:20] {Threei} risk/reward ratio
[12:20] {Threei} scalping course has detailed explanation
[12:21] {Threei} briefly, idea is
[12:21] {Threei} with 15 cents initial stop you hit 1:1 at 15 cents profit
[12:21] {Threei} and levels 1:1, 1:2 etc are those where a stock most often stalls or bounces or reverses
[12:21] {Threei} so hard core scalper will take his profits there,
[12:22] {Threei} daytrader will partial out and trail stop
[12:22] {peterg} Tks, was reading only last night--mind like sieve.
[12:26] {dino} risky sm s pery .74
[12:31] {dino} too soon stopped -.32
[12:38] {dino} rinsed
[12:43] {Threei} can you believe VVUS used to trade in 80s?
[12:45] {dino} i can believe almost anything
[12:46] {peterg} VVUS vs WUS; now I can see...
[12:47] {GeoArb} gm... not trading today..(cable guy in)
[12:48] {Threei} Geo :(
[12:48] {Threei} missed 100% day (so far)
[12:49] {GeoArb} crap
[13:04] {dino} good day, buy slow overall
[13:05] {dino} irbt
[13:07] {dino} ndsn nonstop
[13:10] {Threei} yesterday's IPO SINO looked quite miserably... today it's a champion
[13:18] {dino} brb
[13:35] {Threei} SATC within striking distance of 2.50 52 week resistance
[13:35] {Threei} you played it Roman, right?
[13:38] {Roman} 21 yep
[13:39] {Threei} any insight?
[13:40] {Roman} 21 buy low and sell high
[13:40] {Threei} great
[13:40] {Threei} thank you o wise one
[13:40] {Roman} 21 anytime
[13:40] {Roman} 21 as you can see it got $3 in it
[13:41] {Threei} ESLR picks up some momentum
[13:50] {Threei} US, UK WARN IRAN OF NEW SANCTIONS
[13:50] {Threei} oh great
[13:50] {Threei} oil just showed first signs of weakness in days
[13:51] {Threei} it's like these guys are totally oblivious to the world
[13:51] {dino} sm l crzo .50
[14:01] {dino} crzop stopped .28, -.22
[14:16] {Threei} SATC is honestly trying
[14:16] {Threei} BCE halted in Toronto
[14:16] {Threei} still trading on NYSE
[14:19] {Threei} AAPL?
[14:21] {Threei} something's happening... no news anywhere
[14:24] {Threei} wow
[14:26] {dino} hmmm
[14:28] {dino} 172 going to hold?
[14:36] {Threei} AAPL
[14:36] {Threei} HEARING CHATTER THAT THE RECENT WEAKNESS BEING ATTRIBUTED TO CAUTIOUS ANALYST COMMENTS REGRADING IPHONE 3G LAUNCH- remember the T CFO said this morning that possible subsidies remain undecided
[14:36] {Threei} lordy
[14:37] {Threei} unnamed analyst cautiosuly looked at another one next desk
[14:37] {Threei} AAPL drops 5 points
[14:37] {dino} all i find is upgrade to 258
[14:38] {dino} fmcn spike
[14:39] {dino} jaso l sm .40
[14:43] {dino} sm l fwlt .00
[14:50] {fernp} hello. I am late. I've been working all day installing a ftp server
[14:51] {Threei} hi fernp
[14:51] {Threei} too bad, missed nice day
[14:51] {Threei} not very active but all trades are right on target
[14:52] {fernp} sometimes I have to work :)
[14:52] {Threei} I'll better get myself shot :)
[14:52] {Threei} I am too lazy
[14:53] {Threei} dino... what server is magoo installing today?
[14:53] {dino} he's away until tuesday, son is racing in pittsburgh
[14:53] {Threei} oh, I forgot
[14:53] {Threei} he told about that
[14:56] {Threei} nice dump olil for a change
[14:57] {Threei} still, do you have this sick feeling in your stomach that this is nothing more than a day or two breather?
[14:57] {dino} y
[14:57] {Threei} before resuming upward march
[15:03] {peterg} why sick feeling? Not liking upward march? Or not believing?
[15:03] {Threei} in oil? what's to like...
[15:03] {dino} eod rally in the making
[15:03] {Threei} just how long time economy and consumer can handle this cost of gasoline
[15:07] {Threei} we sold XIDE top
[15:07] {Threei} btw... very nice retreat, maybe worth looking for bounce
[15:08] {Threei} obviosu setup here is .80 break long if holding above .70
[15:08] {Threei} keep it half lot
[15:08] {Threei} if loses .70, will reevaluate
[15:23] {Threei} no sings of strength so far
[15:30] {Threei} TREASURY'S PAULSON: IN THE LONG TERM, THE US IS 'VERY COMPETITIVE'
[15:30] {Threei} as a DAY trader... I would prefer short term
[15:38] {dino} usna
[15:38] {Threei} USNA?
[15:38] {Threei} what's with these huge spikes with no news today
[15:38] {Threei} and all the way back, wow
[15:39] {dino} too fast for me
[15:40] {dino} gxdx stop to .65
[15:40] {Threei} XIDE did bounce nicely but I saw no entry
[15:43] {Threei} NDSN earning after close today
[15:43] {Threei} no more interesting ones
[15:43] {Threei} fairly quiet day
[15:44] {Threei} except that wierd AAPl selloff
[15:44] {dino} already released ndsn
[15:45] {dino} beat by .34
[15:45] {dino} gxdx to .84
[15:52] {Threei} ok guys, thank you all
[15:52] {Threei} have a good evening, see you tomorrow
[15:53] {dino} solf lod
[15:53] {dino} take care 3i
[15:53] {fernp} see you tomorrow. Good evening
[15:54] {dino} cya fern
[15:54] {peterg} ta
[15:55] {dino} out gxdx .89, +.64
[15:58] * Chaeron slaps laserdave1 around a bit with a large trout
[15:58] * Chaeron slaps laserdave1 around a bit with a large trout
[15:58] * Chaeron slaps laserdave1 around a bit with a large trout
[15:59] {dino} core drop
[15:59] {dino} out jaso -.10, out fwlt -.10
[16:00] {dino} calling it a day, slow but worth it. thx all
