Thursday, July 3, 2008

Jul 03 2008

Session Time: Thu Jul 03 00:00:00 2008

[08:30] {Threei} - Prior April Nonfarm Payrolls revised Lower from - 49K to -62K
[08:30] {Threei} - Prior Manufacturing Payrolls revised Lower from -26K to -22K
[08:31] {Threei} INITIAL JOBLESS CLAIMS: 404K V 385KE; CONTINUING CLAIMS: 3.116M V 3.125ME
[08:31] {Threei} - Prior Initial Jobless Claims revised from 384K to 388K
[08:31] {Threei} - Prior Continuing Claims revised from 3.139M to 3.135M
[08:31] {Threei} JUN UNEMPLOYMENT RATE: 5.5% V 5.4%E
[08:32] {Threei} and ECB rate hike... I am scared even to look at oil
[08:33] {_Lisa_Jay} Good morning.
[08:33] {Threei} morning Lisa
[08:33] {Threei} 07/02/08 04:41pm [NVDA] Cuts Q2 sales forecast to $875-950M (had seen sales at about $1.09B) v $1.1Be, gross margin to be lower than expected, sees a $150-200M charge against revenuemore.. - Expects a $150-200M charge against cost of revenue to cover anticipated customer warranty, repair, return, replacement and other consequential costs and expenses arising from a weak die/packaging material set in certain versions of our previous generation MCP and GPU products used in notebook systems. - All newly manufactured products and all products currently shipping in volume have a different and more robust material set. - The previous generation MCP and GPU products that are impacted were included in a number of notebook products that were shipped and sold in significant quantities. - NVDA has developed and made available for download a software driver to cause the system fan to begin operation at the powering up of the system and reduce the thermal stress on these chips. It has also recommended that customers consider changing the thermal management of the MCP and GPU products in their notebook system designs. - Has begun discussions with supply chain regarding reimbursement to us for some or all of the costs we have incurred and may incur in the future relating to the weak material set. Company will also seek to access our insurance coverage.
[08:34] {Threei} flirts with -$5
[08:35] {Threei} a few downgrades for full measure
[08:42] {esemde} morning Vad
[08:43] {esemde} dreary day in the neighbourhood here.......sunny up your way?
[08:44] {Threei} hi ese
[08:44] {Threei} nope, overcast
[08:45] {Threei} what's the forecast for tomorrow?
[08:45] {esemde} was just going to right with ya
[08:45] {cosmo} independance i think
[08:46] {esemde} rain..... 21C high 16C low
[08:47] {esemde} clear up by sunday
[08:47] {Threei} well... someone will have to hold umbrella over shishkebab :)
[08:47] {esemde} indeed.....
[08:47] {esemde} i will do that
[08:48] {cosmo} NVDA @ 13
[08:48] {Threei} that will warrant extra piece of meat
[08:48] {cosmo} fwiw
[08:48] {Threei} and what was this business with thunderstorm yesterday... first time I hear thunder on the island
[08:49] {patience} thunder and lightning through the night
[08:49] {Threei} had already my doubts it ever happens here
[08:49] {esemde} hmmmmmm...slept right through it...didn't here a thing
[08:50] {Threei} wow... good for you :)
[08:51] {esemde} been a busy year.......will take at least this month to get rested
[09:01] {fernp} gm
[09:01] {cosmo} NVDA holds 13 far
[09:02] {Threei} fern :)
[09:02] {Threei} I am inclined to think it will hold
[09:02] {Threei} well, as much as I am inclined to think at all
[09:02] {esemde} fern
[09:02] {Threei} which is not much
[09:05] {Threei} NQ being up 10 points on all this wave of dreadful news is encouraging
[09:07] {dino} gm all
[09:07] {Threei} dino :)
[09:07] {esemde} thats the market for you.....
[09:07] {esemde} still loking at ESLR dino
[09:07] {esemde} "looking"
[09:08] {esemde} am gonna go long again when it gets to the 9}60 range
[09:09] {dino} i like spwr better, but not pushing today, closes at 1:00
[09:10] {dino} 9.60? its at 8.90 now
[09:12] {GeoArb} gm
[09:12] {Threei} geo :)
[09:12] {dino} steels going to bounce? got beat like a bad dog yesterday
[09:13] {esemde} what are you lookin at there...
[09:13] {esemde} anything in particular
[09:14] {Threei} quite likely, and , at least so far, it feels like violent snapback day
[09:14] {dino} schn, nue
[09:15] {judijim} good morning everyone
[09:15] {Threei} jj :)
[09:15] {esemde} tks dino
[09:15] {dino} jj
[09:15] {esemde} jj
[09:15] {Threei} let me throw CAEI in the mix
[09:15] {dino} schn crushed and beat by quite a bit on earnings day before
[09:15] {cosmo} CHDX
[09:15] {dino} x -22
[09:15] {cosmo} # Chindex International, Inc. Announces Receipt of Key Regulatory ApprovalsChina SFDA Certificates Received Include Intuitive Surgical daVinci SPR Newswire(Wed 7:43pm)
[09:16] {esemde} brutal down move in NUE also yesterday
[09:16] {esemde} 9 bucks approx......sheesh
[09:16] {magoo} ldtkjlhdtjlkgbjdrskfjslisrjli
[09:16] {dino} y
[09:17] {esemde} mags
[09:17] {Threei} I agree with most of what you said magooevski
[09:17] {Threei} excpet maybe for skfjsl part
[09:17] {esemde} cool hyroglithics......i think i understood that.....
[09:18] {esemde} ya i didn't get that part either
[09:19] {dptl} good morning all
[09:19] {esemde} dp....
[09:20] {dptl} so its a short day today?
[09:20] {esemde} all you neighbours to the south....what do you make of this possible GM bankrupcy?
[09:21] {esemde} yes short day dp...
[09:21] {esemde} done at 1:00pm i believe
[09:21] {esemde} eastern
[09:21] {Threei} dp :)
[09:21] {dptl} ty :)
[09:27] {Threei} NVDA lost 13
[09:27] {dino} its the only way to break the union and get the cutbacks they need
[09:28] {esemde} hmmmmmmm
[09:28] {esemde} not much substance to it dino?
[09:30] {dino} their costs are way too high, the can't fire people, and they are locked into labor contracts that make them build the wrong cars. its a mess.
[09:33] {Threei} NVDA, bounce time
[09:33] {Threei} .51 with .39 stop
[09:33] {magoo} in
[09:33] {magoo} .49
[09:34] {Threei} over 1:1 easy
[09:34] {Threei} 1:2
[09:34] {Threei} half out at least
[09:34] {Threei} 1:3
[09:34] {magoo} out .83TY boss
[09:34] {tomg} nice one vad, ty
[09:34] {Threei} 1:4, I am out
[09:35] {Threei} welcome guys
[09:35] {magoo} easy button worthy
[09:35] {Threei} NVDA is a tough one to trade latley, but heck, I don't believe it goes to zero
[09:35] {magoo} lets watch aapl for vbounce vad
[09:36] {kazaam} man, i look away from the chat for 1 minute and you guys are making money
[09:36] {Threei} sorry kaz
[09:37] {Threei} just alert us when you are going to look away next time, we will hold the call
[09:37] {kazaam} lol
[09:37] {Threei} mags, I would feel much more comfortable with AAPL closer to 168
[09:37] {magoo} ok
[09:38] {Threei} look at NVDA 1 min and daily,
[09:38] {Threei} just how tempting that was to jump on it around 13
[09:38] {Threei} a bit of patience, letting it come to us, capitulatory selling, and we got almost exact bottom
[09:39] {Threei} AAPL is much worse in this regard, getting in too early will cost much more
[09:40] {magoo} we need naz turn first on aapl
[09:42] {fernp} YHOO vad?
[09:43] {Threei} IMO{ leave that dog alone
[09:43] {fernp} ok
[09:44] {Threei} has too many fleas
[09:44] {fernp} yes :)
[09:46] {dino} zion
[09:47] {Threei} SQNM .81 long, stop under .70
[09:49] {dino} new lows dji
[09:55] {_Lisa_Jay} ISM number soon
[09:58] {Threei} NVDA is trying for bigger bounce
[09:58] {kazaam} dino, do you look at 30sec chart?
[09:58] {Threei} hard to find entry here
[09:58] {Threei} spiked a bit too vertically
[09:59] {Threei} to try a few times... get in here with stop under .90
[09:59] {Threei} but be willing to get stopped and try again
[10:00] {magoo} in
[10:01] {Threei} Non-Mfg Prices Index: 49.9 v May 77.0
[10:01] {Threei} - Employment: 43.8 v May 48.7
[10:01] {Threei} - New Orders Index: 48.6 v May 53.6
[10:01] {Threei} - Prices Paid: 84.7 v 77 prior
[10:07] {Threei} SQNM 1:2
[10:13] {tomg} beauty sqnm vad, ty
[10:13] {Threei} :)
[10:14] {Threei} CAEI
[10:14] {Threei} long here IMO
[10:14] {Threei} stop under .50
[10:36] {magoo} 13 big resistance nvda vad
[10:36] {Threei} yup
[10:36] {magoo} man of few words
[10:36] {Threei} that's me
[10:38] {Roman} 21 long WB
[10:38] {Roman} 21 15.21
[10:38] {Roman} 21 small
[10:38] {Roman} 21 31
[11:07] {dino} schn sm l .50
[11:08] {GeoArb} done for the day.... have a good 4th guys
[11:09] {dino} u2 geo
[11:09] {dino} he's done, i just started
[11:09] {Threei} take care Geo, have a great one
[11:09] {magoo} u 2 geo
[11:09] {GeoArb} heheh dino
[11:10] {dino} :)
[11:10] {GeoArb} today was my one of the better days LEH DRYS V MEE
[11:10] {GeoArb} were the people who paid up
[11:10] {dino} gj bro
[11:11] {GeoArb} now I know why you like CME.... :0 bye
[11:14] {Threei} CAEI is above 1:1... I am tempted to get greedy on it though
[11:17] {Threei} 1:2... really feels like should spike over 7
[11:17] {Threei} decide for yourself though, stock is volatile
[11:17] {magoo} uggg..i can't .u decide for me
[11:18] {Threei} pressure pressure...
[11:20] {magoo} as marc antony said in HBO rome "what to do...what to do??"
[11:36] {Chaeron} good morning everyone
[11:37] {Threei} Chaeron :)
[11:37] {magoo} this is YOUR weekend bro :)
[11:37] {Chaeron} mice?
[11:37] {Chaeron} ooooops
[11:37] {Chaeron} mine?
[11:38] {magoo} sure......charBROIL lol
[11:39] {Chaeron} lol... mmmmmm bbq's.... nice on the CAEI... sorry I missed... save any others for me?
[11:42] {Threei} hmmm
[11:43] {Threei} every time NVDA dives to .50 I am very tempoted to reenter
[11:43] {Threei} but can't make up my mind
[11:46] {dino} feels lower
[11:56] {Threei} things got locked in a narrow range
[12:07] {Threei} maybe .49 deserves a short with .61 stop
[12:14] {esemde} CCCCCCHHHHHH baby!!!!
[12:14] {dino} gj
[12:14] {esemde} i'm still here watchin....biding my time with ESLR....looks like it's having a turnaround day here
[12:15] {esemde} still thinking about going long again around 9.60 levell
[12:17] {Chaeron} heya ese!
[12:18] {dino} :)
[12:18] {dino} sidetracked
[12:22] {Chaeron} where's Dave?
[12:24] {magoo} vegas
[12:24] {Chaeron} sigh
[12:24] {magoo} yeah that
[12:27] {Chaeron} DCC magoo?
[12:42] {esemde} Vad dcc please..
[12:44] {Threei} short day shaped up quite nicely
[12:44] {_Lisa_Jay} Yes.
[12:44] {Threei} NVDA, SQNM and CAEI... all gave profit
[12:44] {esemde} very nice...
[12:44] {magoo} yes sir
[12:44] {esemde} and i'm still stalking ESLR
[12:45] {magoo} hey vad, u see genesis is opening premkt 7 a.m now
[12:45] {Threei} yes
[12:45] {Threei} I don't care... I want my beasuty sleep
[12:46] {esemde} signing off all ....have a great long off to the dentist
[12:46] {Threei} take care ese :)
[12:46] {Chaeron} bye ese
[12:47] {Threei} I have a feeling of sharp snapback to the upside coming next week
[12:47] {Threei} barring something drastic happening of course
06[12:48] * Threei slaps laserdave1 around a bit with a large trout
06[12:49] * Chaeron slaps laserdave1 around a bit with a large trout
06[12:49] * magoo slaps laserdave1 around a bit with a large trout
[12:50] {magoo} u usually have a good feel for that vad
[12:51] {Threei} will see on Monday :)
[12:51] {Threei} ok, I made up my mind on CAEI
[12:51] {Threei} half out, half hold over weekend
[12:51] {Threei} unless it goes over 7 today'
[12:58] {Threei} NVDA breaks down but too close to eod
[12:58] {Threei} if you lost track of time and took short, just cover for little scalp here
[12:59] {Threei} that goes for you chaeron
[12:59] {Threei} you tend to forget time :)
[13:00] {Threei} OK guys, thank you all
[13:00] {Threei} have a great relaxing long weekend,
[13:00] {dino} ok all, calling it a week. have a good holiday/long weekend
[13:00] {Threei} happy 4th of July to everyone
[13:00] {Threei} see you on Monday!
[13:00] {dptl} have a great weekend all Happy 4th of july :)
[13:01] {magoo} happy 4th everyone
[13:01] {fernp} have a happy weekend all
[13:02] {patience} happy 4th guys :)
[13:02] {_Lisa_Jay} Thanks Vad.