Wednesday, July 9, 2008

Jul 09 2008

Session Time: Wed Jul 09 00:00:00 2008

[08:06] {Threei} EMKR
[08:06] {Threei} WINS $29M IN NEW ORDERS
[08:06] {Threei} - Announced that it entered into two definitive supply agreements for solar cell receivers in June 2008 with a total value of approximately $29 million.
[08:06] {Threei} - These supply agreements incorporate advance deposits to ensure production priority for these customers. The end applications for the product to be delivered range from solar farm to commercial rooftop installations employing Concentrating Photovoltaic (CPV) technology.
[08:37] {judijim} good morning to you all
[08:37] {Threei} jj :)
[09:02] {magoo} morning
[09:03] {tomg} gm all
[09:04] {fernp} Good morning
[09:07] {Threei} magoo, tom, fern :)
[09:09] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {Threei} RTEC
[09:12] {Threei} - The Company now anticipates quarterly sequential revenue growth in Q308
[09:12] {Threei} VVUS on watch for pullback or consolidation/break entry again
[09:14] {Threei} RMBS round two or what
[09:14] {Threei} and no news again??
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:18] {dino} :)
[09:24] {GeoArb} gm
[09:25] {Threei} geo :)
[09:28] {magoo} might be a solar dayy vad, my watch list is green
[09:28] {Threei} they got whacked yesterday with oil
[09:29] {Threei} I'd think they are tied again
[09:29] {magoo} tied+tired?
[09:29] {magoo} or connected to oil
[09:30] {Threei} connected to oil
[09:30] {Threei} this connection goes on and off... yesterday hinted we are in on stage
[09:33] {Threei} RMBS .80 break long, stop under .75
[09:34] {Threei} take profit
[09:34] {magoo} to fast'
[09:35] {tomg} thanks vad
[09:35] {Threei} :)
[09:35] {dptl} out +.22 ty
[09:36] {Threei} welcome
[09:36] {magoo} wow...must be me then
[09:37] {Threei} or tom and dp took all there was... tell them to share, what's with 10K lots
[09:37] {tomg} only 400 :)
[09:37] {Threei} and dp 9600... there you have it
[09:37] {dptl} lol...i wish
[09:38] {esemde} good connectivity but coming to you from Lake of the woods Canada...nothing but islands and water out in front of us
[09:38] {Threei} hi ese :)
[09:39] {esemde} morning Vad.....
[09:39] {Threei} SOLF
[09:39] {Threei} .81 long
[09:39] {Threei} stop under .70
[09:41] {magoo} got that one
[09:42] {dino} rubbing it in es? lol, have fun
[09:44] {magoo} long aapl ,50
[09:44] {Threei} URRE interesting
[09:44] {Roman} 21 TITN
[09:44] {dino} ezpw, sm l .60
[09:44] {magoo} out .16 here
[09:44] {magoo} +.66
[09:44] {Threei} SOLF stopped
[09:45] {dptl} stopped solf
[09:45] {magoo} figures
[09:47] {Roman} 21 WB
[09:47] {Roman} 21 long small 15.70
[09:48] {Roman} 21 stop under 15.50
[09:49] {Threei} sheesh... forgot about VVUS on pullback to 8
[09:49] {dptl} out another rmbs +.24
[09:49] {Roman} 21 out WB +.01
[09:50] {Roman} 21 ROYL looking for scalp
[09:53] {Threei} VVUS .25 long if stays above .15
[09:55] {Threei} URRE
[09:55] {Threei} 2.92 long if stays above 2.80
[09:55] {Threei} feels like runner in the making
[09:55] {Roman} 21 long WB here
[09:56] {Roman} 21 15.12
[09:56] {Roman} 21 stop 14.95
[09:57] {Roman} 21 out WB +.03
[09:57] {Threei} SQNM again
[09:57] {esemde} solar news this morning??
[09:57] {Threei} nope
[09:58] {Threei} just bounce with oil I believe
[09:58] {Threei} 3 be taken URRE
[10:06] {Threei} SOLF rinsed us
[10:07] {dino} good
[10:07] {Roman} 21 long SOLF
[10:07] {Roman} 21 15 1/2 size
[10:08] {dptl} rmbs baby ...grabed another +.20
[10:08] {Threei} dp found his personal ATM
[10:09] {dino} gj dp
[10:09] {dptl} lol waiting for urre....... ty
[10:12] {Threei} wow
[10:12] {Threei} TV just said there is shortage of beer in Winnipeg
[10:12] {Threei} ese... what did you do??
[10:17] {dino} wow es
[10:17] {Roman} 21 out 1/2 SOLF +.37
[10:17] {dino} sm l fwlt .98
[10:18] {Threei} good one Roman
[10:18] {Threei} SOLF was kinder to you than to me
[10:18] {Roman} 21 a bit better than +.01 +.03 on WB
[10:19] {Roman} 21 actually spotted nice WB bounce but did not stay
[10:19] {Roman} 21 pus
[10:20] {dptl} urre stop the same under .80??
[10:21] {Threei} yes
[10:21] {dptl} ty
[10:22] {Roman} 21 WM
[10:23] {Roman} 21 interesting
[10:32] {Threei} oil numbers in a few
[10:35] {Threei} OE CRUDE: -5.8M V -2ME
[10:35] {Threei} GASOLINE: +900K V +100KE; DISTILLATES: +1.8M V +2ME;
[10:36] {dino} sm risky s ttes .00
[10:37] {dino} gappy
[10:42] {Threei} LEH
[10:42] {Threei} 22 break long
[10:42] {Threei} .84 stop
[10:42] {magoo} in
[10:45] {Threei} market tripped of something again
[10:46] {Threei} held .85 with remarkable precision
[10:46] {dino} ttes stopped -.50 that sucked
[10:46] {magoo} really
[10:47] {dino} indeed, the f'r popped .45 on my entry. my timing is off lately
[10:48] {magoo} starting to feel the new curse is vad magoo..not chaer magoo
[10:49] {Threei} nope... it's magoo alone
[10:49] {Chaeron} Good morning all
[10:49] {Threei} RMBS which you haven't taken worked, right? :)
[10:49] {Threei} chaeron :)
[10:49] {Chaeron} and yes I'm in LEH
[10:49] {Threei} there you go
[10:50] {dptl} ah stopped leh
[10:50] {magoo} right..missed rnmbs
[10:50] {dino} left
[10:53] {Chaeron} and yes I stopped
[10:56] {Chaeron} tired of getting rinsed
[10:58] {dino} same here chaer, rinses all over lately
[11:01] {dino} praa
[11:01] {dino} leap
[11:05] {GeoArb} fwlt
[11:06] {dino} i it sm
[11:06] {dino} in
[11:06] {dino} swing
[11:07] {dino} chaer, ttes example of above sheesh
[11:09] {Chaeron} feel ya
[11:15] {Threei} RMBS two days chart looks like someone's wierd idea of a joke
[11:18] {Threei} in LEH for a scalp .63
[11:20] {dino} sm l leap .10
[11:21] {Threei} out .82
[11:21] {tomg} nice one vad, ty
[11:21] {Threei} +.19
[11:22] {Threei} welcome
[11:22] {Threei} now, let's see... magoo? chaeron?
[11:23] {Chaeron} nope... sorry
[11:23] {Threei} FNM
[11:23] {Threei} - Will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market. The company also announced that it has invested $20B in multifamily housing in the first half of 2008, further reinforcing Fannie Mae's leadership in the multifamily market.
[11:23] {Threei} - Fannie Mae is increasing its commitment to purchase Small Multifamily Loans of up to $3M, or $5M in certain markets. These loans typically finance a uniquely affordable asset class consisting of properties that are located in urban areas near public transportation and serve working families. The company invested approximately $5B in Small Loans in the first half of 2008, a significant increase over 2007 mid-year production of $3B. Production includes both pool purchases and flow business.
[11:23] {magoo} nope here
[11:23] {Threei} there you go... curse is intact
[11:24] {magoo} so at very least thank me and chaer
[11:24] {Chaeron} my thoughts exactly
[11:24] {Threei} that assumes I am a polite one...
[11:26] {magoo} i meant Tom
[11:26] {Threei} lol, you gave up on me I take it?
[11:26] {magoo} BINGO
[11:26] {Chaeron} we just know better
[11:26] {Threei} :)
[11:28] {tomg} ty magoo, chaer :))
[11:29] {Chaeron} my pleasure Tom... great job
[11:29] {Threei} see... on tom you can count
06[11:29] * Chaeron slaps Threei around a bit with a large trout
[11:29] {Threei} in politeness department
[11:29] {tomg} trying to do better in that department :)
[11:30] {Threei} if you don't slap people in response to "good morning" you already outdid me
[11:30] {tomg} ha! ok :)
[11:31] {Threei} nsiled bottom on LEH to the cent... didn't hold long enough
[11:32] {tomg} me either, but happy with scalp
[11:35] {Chaeron} next?
06[11:37] * magoo slaps Chaeron around a bit with a large trout
[11:37] {magoo} next slap correct?
[11:41] {magoo} long aaplk .50
[11:44] {Threei} ACOR small shares .50 break long
[11:45] {Threei} stop under .30
[11:45] {magoo} stopped .04
[11:53] {Threei} invalidated
[11:54] {dino} ezpw stop to b/e
[11:58] {Threei} SQNM half lot long .60 if stays above .45
[11:59] {magoo} can chaer and i take it??
[11:59] {Threei} 10K only
[11:59] {dptl} ok,then i pass
[11:59] {Threei} invalidated anyway :)
[12:00] {Chaeron} I like it better when Threei says ":double position" over half lot...
[12:01] {Threei} actually, there were no prints under .45
[12:02] {Chaeron} so it's on again?
[12:02] {Threei} yeah
[12:04] {dino} sm l dwsn .65
[12:06] {Threei} market loses steam again...
[12:07] {dptl} come on urre
[12:07] {magoo} vad,look at qqqq chart..big volume on that red bar
[12:08] {Chaeron} what the.... SQNM
[12:09] {Threei} volatile one... that's why half lot
[12:09] {magoo} sh rimm loss of 121\
[12:14] {magoo} in
[12:17] {magoo} saw .80..waiting .65
[12:17] {dino} captain cavman blood
[12:17] {dino} cavm
[12:19] {magoo} stiopped rimm
[12:19] {magoo} mkt killed it
[12:20] {Threei} meaningless up and down in the market
[12:20] {Threei} won't alllow any play develop
[12:20] {dino} sm l cavm .59
[12:27] {Threei} URRE moves more or less in synch with oil
[12:28] {Threei} it held above support and forms tighter consolidation to 3
[12:28] {Threei} but whether it's going to break will ultimately depend on oil
[12:39] {Threei} I guess that's why oil skyrocketed and market dropped?
[12:44] {kazaam} chop non stop, even a leg down cant go without some chop
[12:44] {Threei} I guess summer shows
[12:45] {Threei} it's the most active summer I've ever seen, but choppiness is there
[12:45] {Chaeron} so I can just go and come back after Labor day? :)
[12:45] {Chaeron} ohh nevermind
[12:45] {patience} sure chaeron, just leave your money with me to look after until then
[12:45] {Threei} and if oil bubble bursts while you are away? imagine the size of rally you are going to miss
[12:46] {Threei} I'll be back in 40 min or so guys, gotta run little errand
[12:50] {Chaeron} patience... that's a winning idea
[12:50] {patience} better pop up to victoria to drop the money off...
[13:02] {dino} cavm stopped
[13:11] {dino} chaer, cavm same thing again
[13:11] {dino} i need a vacation
[13:12] {Chaeron} I noticed... and agree with your prescription for myself as well
[13:12] {dino} :)
[13:37] {kazaam} if i could just make money on picking plays that will move the least, I would be a billion dollar man this week
[13:40] {dino} lol
[13:40] {dino} starting to think i must widen my stops
[13:41] {dino} cavm.........ohhhh mannnnnn
[13:49] {Threei} back
[13:49] {Threei} missed anything?
[13:49] {fernp} difficult times
[13:49] {dino} yeah, another rinse
[13:49] {magoo} nah
[13:49] {Threei} ummm
[13:50] {Threei} thought of LEH of 21 when leaving
[13:50] {Threei} but it went there and bounced wqithout me
[13:55] {Threei} URRE is merrily sleeping
[13:55] {dptl} yeah....all day.....
[13:56] {Threei} lol... while I was away:
[13:56] {Threei} CUT AT S&P TO CCC FROM B
[13:56] {Threei} IMB
[13:57] {Threei} it trades like total pink sheet already, what's left to cut
[14:00] {Threei} URRE at the breakeven point
[14:01] {Threei} I can't make much out of it, if you are tired of holding, scratch it even
[14:01] {Threei} chances of it working are the same as getting stopped out
[14:01] {Threei} roll a dice and decide
[14:14] {Threei} RIMM pullback closer to .50 for long
[14:16] {magoo} 121.50?
[14:16] {Threei} yes
[14:16] {Threei} NQ pulling back
[14:18] {Threei} watch NQ now for bounce to grab RIMM
[14:18] {dptl} out urre -.02
[14:20] {Threei} in
[14:20] {Threei} .33
[14:20] {Threei} stop .15
[14:21] {Threei} come on NQ, spring back
[14:22] {Threei} grrr
[14:22] {Threei} no go
[14:23] {Threei} second try
[14:23] {Threei} in .95
[14:24] {Threei} stop under .80
[14:24] {Threei} out .25
[14:25] {Threei} what a jerky market
[14:32] {dino} ya think?
[14:32] {Threei} LEH .81 long, .74 stop
[14:35] {dptl} ahh stopped leh
[14:36] {Threei} should dive closer to .50 for betgter bounce chance
[14:38] {judijim} siging off for today, cleared $1030 for today, we're here everyday but not always in the market. Be back tomorrow.
[14:38] {Threei} good job jj
[14:39] {dino} gj jj
[14:42] {Chaeron} in LEH @ .59
[14:46] {Chaeron} guess I scared everyone away.....
[14:47] {Threei} FRE drop is weighing on it
[14:53] {dino} well so much for yesterdays' rally
[14:53] {Threei} end of thhe wrold again
[14:53] {Chaeron} stopped -.20
[14:54] {Threei} FNM maybe better candidate for bounce if holds 16
[14:55] {Threei} nope, not holding
[14:55] {Threei} FRE
[14:55] {Threei} - Reminder Cramer made cautious comments in various financial names including FNM and FRE on his Stop Trading segment on CNBC
[14:55] {Threei} and that's the reason?
[14:56] {Threei} vague rumor of large block?
[14:56] {Threei} going to try FNM
[15:00] {kazaam} tex l .05
[15:04] {kazaam} half +.10, half BE
[15:04] {Threei} panic in financials
[15:04] {dino} maybe the =250 today
[15:04] {Chaeron} end of world party vad?
[15:04] {Threei} yes sir
[15:04] {Chaeron} yea!!!!!
[15:04] {kazaam} at least we get a party with the end of the world, that counts for something
[15:05] {Threei} yes, but just two days ago we had three a day
[15:05] {Threei} and today just one
[15:06] {dino} vad, forever unsatisfied
[15:06] {dino} leap stop to b/e
[15:13] {Threei} big bounce FNM
[15:14] {dino} fre at 10, wow
[15:16] {Threei} we need a nice clearance sale
[15:16] {Threei} not one day capitulastion wannabe
[15:16] {Threei} good sizeable selloff taking out the opverhead
[15:16] {Threei} then we can have real rally
[15:26] {dino} unless it just wears everybody out
[15:27] {Threei} and they all stop playing at all?
[15:27] {dino} isn't that how bear markets end, when nobody cares/pays attention
[15:27] {Threei} one of versions, yes
[15:29] {magoo} oitswearing me out..spinning my wheels
[15:33] {Threei} it is tiresome
[15:33] {Threei} but think of it in dino's terms
[15:34] {dino} out leap .50, +.40
[15:34] {Threei} when you shrug and turn away... that's exactly the moment when things change
[15:35] {dino} i'm feeling that way
[15:35] {Threei} it's not a first time we go through churning periods, right?
[15:35] {Threei} they always were followed by big reward periods
[15:35] {dino} yes
[15:35] {Threei} and this churn served as great educational environment
[15:36] {dino} just disappointed in myself last few days
[15:36] {dino} my buy dips -6% sell rips +6% failed me
[15:36] {Threei} if you learned to keep your bacon safe during this chop chop
[15:36] {magoo} me too dino..down mon..up tues..down wed
[15:36] {Threei} normal market rewards you greatly when it finally comes
[15:37] {dino} at least the sun is shining, tee time in 50 minutes
[15:38] {dino} up today, but only 250
[15:38] {Threei} new dump FRE
[15:39] {Threei} peeplz are skeered
[15:39] {dino} brutalc at 52 week lows too
[15:39] {dino} make that multi year lows
[15:40] {Threei} yeah
[15:40] {Threei} wow
[15:41] {magoo} bullish level lowest since 1994
[15:41] {dino} here comes -200
[15:41] {dptl} ah..out fre +.59 ....short
[15:42] {Threei} gj
[15:42] {dino} gj dp
[15:42] {Chaeron} great dp
[15:42] {dptl} ty...still down a bit...really tought these days
[15:42] {Threei} with all this selloff we are still solidly above march lows
[15:43] {Threei} still got ways to go I guess
[15:44] {Threei} who knows, maybe PPT really is a myth? :)
[15:44] {dino} dji low monday 11120, ndx low1799
[15:45] {Threei} I mean, looking at FRE, FNM, LEH... hard to imagine more worthy cause to intervene
[15:45] {dino} it is a myth
[15:45] {dino} -226
[15:45] {Threei} ugh dino
[15:45] {Threei} so cold and cruel... I liked that warm and fuzzy feeling that there is an entity that would protect us...
[15:46] {Threei} from ourselves
[15:46] {dino} 261 point range day
[15:48] {Threei} new low FRE
[15:49] {dino} i had to tell magoo, if markets and trading don't improve, we are switching from miller lite to pabst blue ribbon
[15:50] {dino} wow fre 67 to 9 on a gse, who would've thought
[15:58] {dino} flow dump
[15:58] {Threei} dino... see the time? :)
[15:59] {Threei} ugh
[15:59] {Threei} shorted .50 FNM
[15:59] {Threei} then decided to close to eod and covered .43
[16:00] {Threei} OK guys
[16:00] {Threei} one more day of churn
[16:00] {magoo} sigh
[16:00] {dino} -242 lod
[16:00] {dptl} have a good evening all
[16:00] {magoo} whren goodday conmes vad...u gotta go like a m,adman
[16:00] {dino} lower low ndx
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {magoo} hw u like that typing?
[16:02] {dino} thx all, gotta hop
[16:02] {Threei} vat tipyng?
[16:03] {magoo} [16:00] {magoo} whren goodday conmes vad...u gotta go like a m,adman
[16:03] {magoo} gotta be one of my worste
[16:03] {Threei} if you say so... I am sure I've seen you hitting much lower lows :)