Friday, May 23, 2008

May 23 2008

Session Time: Fri May 23 00:00:00 2008

[08:01] {Threei} IVAN
[08:56] {fernp} gm
[08:57] {Threei} good morning
[08:59] {Threei} dp, look dcc please
[08:59] {hawkfan4} morning Vad, all
[09:00] {Threei} hawk :)
[09:02] {Threei} SOLF beating continues
[09:03] {cosmo} VRGY beats est. sees better times ahead...fwiw
[09:15] {dino} gm all
[09:15] {Threei} cosmo, dino :)
[09:16] {cosmo} :)
[09:19] {dptl} is that a long weekend?
[09:19] {esemde} good morning
[09:19] {Threei} yes sir
[09:19] {Threei} ese :)
[09:20] {dptl} ty
[09:31] {dino} hurc
[09:33] {Threei} CSUN dropped right out of the gate... wanted to find short entry
[09:33] {Threei} maybe posts bounce
[09:34] {esemde} long ESLR 1/2 .25
[09:35] {Threei} .49 short CSUN if holding under .60
[09:35] {Threei} want to keep all stops and triggers tight
[09:35] {esemde} .45 may have been better on 1 min chart but this is an agressive entry
[09:36] {Threei} friday before long weekend, you know
[09:36] {Threei} I would play it the ame way ese, ESL is a pullback stock, not breakout one
[09:36] {Threei} ESLR I mean
[09:37] {esemde} tks
[09:37] {Threei} VVUS again
[09:37] {Roman} 21 long PTEN
[09:38] {Roman} 21 32.35 small
[09:39] {dptl} .
[09:40] {Threei} sharp downtick NQ
[09:40] {esemde} CSUN is in Swing pullback territory....10.00 area...might consider a couple of lots here
[09:43] {Threei} CPHD small shares long .86 if holding above .60
[09:43] {Threei} 2 days high break
[09:46] {esemde} out ESLR .52 +.27
[09:46] {Threei} wtg
[09:46] {Threei} advantage of aggressive entry
[09:46] {esemde} thank you
[09:46] {Threei} should you have bought .45, wouldn't be so rosey
[09:47] {Threei} after tagging it first time it dropped to .30 faster than you can say mama
[09:47] {esemde} true.....thought i would it....
[09:47] {esemde} not sure how to judge aggressive entry well just yet....any tips
[09:47] {Threei} then you would have suffered through slow return to your trigger and agonize over decision to get out with little profit not really rewarding for the risk
[09:48] {esemde} what type of stock suits this type of entry Vad
[09:48] {Threei} well... get it as close to support as possible on sign of strength,
[09:48] {Threei} keep tight stop under support,
[09:48] {esemde} gottcha
[09:49] {Threei} use spike into regular trigger to partial out or take scalp unless it triggers and slices through fast
[09:49] {Threei} in which case you have double profits
[09:49] {Threei} and be ready to take more stops than usual
[09:49] {esemde} yes...
[09:49] {Threei} because your odds are lower
[09:50] {Threei} but those stops will be tighter
[09:50] {esemde} whoaaa hard pullback on ESLR
[09:50] {peterg} hi
[09:50] {esemde} peter
[09:50] {Threei} yup, .45 entry wouldn't have rewarded you with much
[09:50] {Threei} peter :)
[09:53] {Threei} VVUS
[09:53] {Threei} .36 long
[09:53] {Threei} .24 stop
[09:54] {Threei} want to partial out under .50 at 1:1 and keep half for .50 break
[09:55] {Threei} which would pu VVUS in serious runner category
[09:55] {dino} about 4.5% dji drop from highs this week. buy the dips soon imo
[09:56] {esemde} sensing a summer rally dino?
[09:56] {dino} no
[09:56] {esemde} do you play the indexes much....or at all
[09:57] {dino} not much, use them for stock moves. i trade, not thinking long term, feel we are back to earlier in year, buy dips sell rips mode
[09:58] {Threei} half out VVUC
[09:58] {Threei} VVUS
[09:58] {esemde} ahhhh....sounds good to me
[09:59] {Threei} stop to .29 for the balance
[10:00] {Threei} so far works acording to the plan
[10:00] {Threei} APR EXISTING HOME SALES: 4.89M V 4.85ME
[10:02] {Threei} come on VVUS, hold
[10:02] {Threei} market spikes, follow it will ya
[10:05] {fernp} I sold the whole lot in .48 good call vad. TY
[10:05] {Threei} welcome fernp
[10:05] {Threei} nothing's wrong with that
[10:06] {tomg} holding vvus, small, ty vad
[10:06] {Threei} some scalp, some partial
[10:06] {tomg} out half .48
[10:06] {Threei} very much personal style dependent
[10:06] {tomg} 3/4 i mean
[10:06] {fernp} it's friday... You know...
[10:06] {Threei} yes
[10:07] {Threei} as that parrot from the old joke said to lady... "you know"
[10:08] {Threei} IMGN, presents on some conference soon, and beautiful daily
[10:08] {Threei} volume is disgusting
[10:08] {Threei} don't know what to make of it
[10:09] {Threei} 4.50 break is very tempting, but with 7K volume
[10:09] {Threei} and volume declining as it climbed into resistance
[10:09] {Threei} big offer at 4.50... if taken may improve things
[10:10] {Threei} well, haalf lot on .50 break with stop under .40
[10:10] {Threei} what kind of risk is that not to take the trade
[10:10] {Threei} need a bit more NQ strength to help VVUS take .50
[10:11] {tomg} tell parrot joke while waiting on imgn :)
[10:11] * Threei pokes both NQ and VVUS with sharp stick electrically charged
[10:11] {Roman} 21 long JASO
[10:11] {Roman} 21 full size
[10:11] {Roman} 21 22.92 area
[10:11] {Threei} just a sec tom
[10:12] {Threei} both are too close
[10:13] {Roman} 21 pten
[10:13] {Roman} 21 pos
[10:13] {Roman} 21 stopped
[10:14] {fernp} out S +.20 and out PFE +.08 .... I will never be rich
[10:14] {Threei} lol
[10:14] {dino} gj fernp
[10:14] {fernp} :)
[10:15] * Threei shows VVUS 2x4 endowed with rusty nails
[10:15] {fernp} MU looks fine
[10:16] * Threei dangles carrot in front of IMGN
[10:16] {Threei} what do I need to do to motivate them tomove, perform rain dance?
[10:17] {dino} v sm cme l .70 risky wide
[10:17] {Threei} IMGN ANNOUNCES PRESENTATIONS AT UPCOMING 2008 AMERICAN SOCIETY OF CLINICAL ONCOLOGY ANNUAL MEETING- Company to preesent on IMGN242 and Phase 1 studies of AVE1642 and Trastuzumab-DM1
[10:17] {esemde} vvus is interesting the ways it's butting up against .50
[10:17] {dino} sm de l .25
[10:18] {esemde} it should bust through there
[10:19] {esemde} what was the news on it vad?
[10:19] {tomg} well, i'm flat, have to leave, now maybe it'll go up...have a great weekend everyone
[10:19] {esemde} see ya tom
[10:19] {Threei} take care tom, have a great relaxing one
[10:19] {Threei} see you on Tuesday
[10:20] {tomg} you, Tuesday, absolutely :)
[10:20] {tomg} bye ese
[10:20] {Roman} 21 out JASO -.06
[10:20] {esemde} vvus making a move
[10:20] {dino} later tom
[10:20] {Threei} nothing today ese,
[10:20] {Threei} over last days, uopgrade, update on some study
[10:21] {esemde} hmmmmm then somebody knows something..
[10:21] {Threei} OK, market breaks
[10:22] {Threei} and drops
[10:22] {Threei} poor VVUS is confused
[10:22] {Threei} (me too)
[10:22] {esemde} my level 2 doesn't show alot of supply at .50 but stuff just keeps coming up
[10:22] {Threei} someone has reserve order
[10:23] {Threei} here is 10K offer
[10:23] {Threei} taken
[10:23] {Threei} in one swoop
[10:24] {Threei} run VVUS run
[10:24] {esemde} VOILA....vvus
[10:25] {Threei} nice sized buys
[10:26] {Threei} 1:2
[10:26] {esemde} nice one VAd.....
[10:26] {Threei} ty
[10:27] {Threei} 1/4 more out
[10:27] {Threei} .63
[10:27] {Threei} stop to .39, no lose teritory
[10:27] {Threei} btw, can I brag a little?
[10:28] {Chaeron} feel free... good morning all
[10:28] {Threei} look at the low on pullback... bottomed out at .30 with our stop trailed to .29 at the moment
[10:28] {Threei} can you say "high level of precision"?
[10:28] {Threei} hi chaeron
[10:29] {GeoArb} gm
[10:29] {esemde} CCCCHHHH BABY!!!!!!!!
[10:29] {Threei} Geo :(
[10:29] {esemde} geo
[10:30] {GeoArb} :( ???
[10:30] {Threei} second day in a row, you connect just as winning plays come to end
[10:30] {esemde} wrong buttons VAD
[10:30] {Chaeron} heya ese! Hi Geo... just got here myself... we missed VVUS
[10:30] {Threei} nope... I am just impolite :)
[10:30] {GeoArb} yeah :)
[10:30] {Chaeron} lol
[10:31] {Threei} IMGN, we have stand off between two big orders
[10:31] {GeoArb} got all my issues fixed... have guests over
[10:31] {Threei} I am assuming at the moment both are real
[10:31] {Chaeron} don't feel bad Geo... I normally get a :) from Vad, but he's cranky this morning...
[10:31] {Threei} bid just got filled for whole amount
[10:31] {Threei} me no cranky
[10:32] {Threei} me simply rude... but that's nothing new
[10:33] {Threei} my take on this collision on IMGN:
[10:33] {Threei} buyer that bid at .48 big and just got filled is real,
[10:33] {Threei} if offer at .50 gets taken, I feel comfortable taking it
[10:33] {Threei} stop .39
[10:43] {Threei} not sure if that's just a shakeout or game is over for today for VVUS, but heck
[10:43] {Threei} stop is stop
[10:49] {Threei} grr
[10:53] {judijim} good morning all
[10:53] {Threei} jj :)
[10:54] {Chaeron} hi jj
[11:10] {Threei} PEIX
[11:12] {Threei} ENER small shares long .76-.77
[11:12] {Threei} stop under .50
[11:13] {Threei} invalidated but remains bounce candidate
[11:13] {Threei} hopefully closer to 54
[11:23] {Threei} LEH half lot short .88
[11:23] {Threei} stop 36.06
[11:24] {Threei} 1:1
[11:26] {Threei} 1:2
[11:26] {Threei} covered
[11:27] {Threei} if everyone's in the coma, tell me... I will go into it too
[11:38] {Threei} ESLR 11.04 short if stays under .15
[11:42] {Threei} 1;1
[11:43] {fernp} still in
[11:44] {Threei} i thought I was alone here... you all got hijacked into parallel universe
[11:44] {Threei} or I was
[11:45] {fernp} almost I have no pulse. but I am alive...
[11:45] {Threei} I just checked mine... no pulse at all
[11:46] {Chaeron} no heart... remember?
[11:46] {fernp} halft out
[11:46] {Threei} that must be it
[11:46] {Threei} on a positive side, I am not scared of wooden stakes
[11:46] {fernp} half
[11:47] {dino} scanner starting to show green
[11:51] {Threei} ESLR
[11:51] {esemde} ladies and always it's been a slice.....we'll catch you on the flip side tuesday...
[11:51] {Threei} what's with CPSL?
[11:51] {Threei} take care ese, have a great weeekend
[11:51] {esemde} you too Vad
[11:55] {dino} take care es
[11:55] {fernp} ESLR forming a double bottom?
[11:56] {Threei} can't tell really
[11:56] {Threei} keep stop at 11/05
[11:56] {fernp} ok
[12:06] {fernp} sometimes I wish it to touch the stop and to leave me alone
[12:15] {Threei} OK... VVUS will never stop
[12:50] {Chaeron} VVUS just trying to show off now...
[12:50] {Threei} quite successfully
[12:59] {Threei} heh ESLR
[13:00] {Threei} MER
[13:00] {Threei} are we looking for scapegoaats?
[13:01] {Threei} I could provide couple
[13:01] {Threei} Ben comes to mind as a first candidate
[13:26] {Threei} told ya VVUS will never stop
[13:45] {Threei} low volume day
[13:45] {Threei} still... we have 3 for 3 so far?
[13:47] * Threei falls back into coma... what's the point in trying to converse with comatose bunch
[13:48] {dino} lol
[13:48] {dino} watching coyote ugly
[13:48] {Threei} I turned mirror away
[13:51] {Chaeron} mine broke
[13:52] {Threei} so, either dino's handsome one, or he doesn't mind
[13:52] {dptl} lol
[13:52] {dino} hmm
[14:00] {dino} sino drops finally
[14:16] {GeoArb} laserdave DCC pls
[14:16] {Chaeron} if you don't get him, trout him, Geo :)
[14:17] {GeoArb} i am too polite
[14:17] {GeoArb} could you?
[14:19] * Threei slaps laserdave1 around a bit with a large trout
[14:20] * Chaeron slaps laserdave1 around a bit with a large trout
[14:28] {Threei} not worried because it's not so or because he is not going to live to see themfully depleted anyway?
[14:28] {Chaeron} uhhhhh yeah....
[14:40] {laserdave1} a midday slapping?
[14:40] {laserdave1} what was up with that?
[14:46] {dino} ralllllllyyyyyyy
[14:59] {dino} short lived
[15:03] {Threei} volume is so anemic, hard to tell whether it's just aa pullback or rally fizzled out not even noticing it ever occured
[15:03] {Threei} is it possible for a rally to occur qwithout realizing it?
[15:05] {dino} evep
[15:05] {Chaeron} usre... like boiling a frog
[15:05] {Chaeron} sure
[15:05] {Threei} OK... I never thought I could say it but here goes:
[15:06] {Threei} I miss magoo
[15:06] {dino} lol
[15:06] {Chaeron} roflol
[15:06] {Threei} :)
[15:06] {Chaeron} I thought the same thing earlier
[15:07] {Chaeron} yeah well magoo missed RIMM so... :P
[15:07] {Threei} little entertainment for those who isn't fully asleep
[15:07] {Threei} finishing bathroom reno,
[15:07] {dino} sino nice range
[15:07] {Threei} had to remember yesterday my skills as construction foreman
[15:08] {Threei} flooring guy comes in, surveys evcerything,
[15:08] {Threei} then starts explaining why he can't finish it today
[15:08] {Threei} "see, we need to cut off this, scrap the floor, let it dry for a day or two, only then we can put new one"
[15:09] {Threei} I said Listen, can you see my brain through my skull?
[15:09] {Threei} he: huh?
[15:09] {Threei} I: if you could, you would see it doesn't like being f**ed with
[15:09] {Threei} here is the deal: you do it all today and do it well, you get your tip
[15:09] {Threei} continue tell me why it can't be done, get out, your store will refund me for the work part, how flooring goes in is not your business.
[15:10] {Threei} guy:
[15:10] {Threei} my name is ..., I am very pleased to meet you sir, sorry for misunderstanding, everything will be ready in 1 hour
[15:10] {Threei} after he finished, he even put back baseboards
[15:10] {Threei} which I was assured they never do
[15:10] {Threei} end of story
[15:10] {dino} classic
[15:11] {Threei} been a serious while since I had this kind of conversations... "_
[15:12] {Threei} getting soft like baby food in this relaxed country... losing shape
[15:13] {Threei} stocks is the only think I kick with army boots and laserdave is the only one I slap with trout
[15:13] {Threei} a few more years, and you may see me wanting to talk about "feeeeliings"
[15:14] {dptl} lol
[15:16] {dino} oh noooooooo
[15:45] {Threei} CPSL.. hard to believe it wasn't done yet
[15:45] {Threei} I was sure it was over
[15:53] {Threei} ok guys... thank you all,
[15:53] {Threei} have a great relaxing long weekend
[15:53] {dino} same here. i'm toast
[15:53] {Threei} see you on Tuesday
[15:53] {dptl} have a good weekend everyone :)
[15:53] {dino} have a great weekend all
[15:53] {fernp} TY. have a happy weekend