Friday, May 30, 2008

Fri May 30 2008

Session Time: Fri May 30 00:00:00 2008

[08:31] {Threei} APR PCE CORE M/M: 0.1% V 0.1%E; PCE CORE Y/Y: 2.1% V 2.1%E; PCE DEFLATOR Y/Y: 3.2% V 3.1%E
[08:31] {Threei} APR PERSONAL INCOME: 0.2% V 0.1%E; PERSONAL SPENDING: 0.2% V 0.2%E
[08:31] {Threei} what crisis?
[08:42] {hawkfan4} i'm just glad i didn't hold any solar stocks short overnight. FSLR up 20
[08:43] {Threei} this is simply indecent
[08:44] {Threei} I am deeply resentful of your behavior
[08:45] {hawkfan4} no, i'm not in, i just think the move is crazy, but i didn't touch it. just an observation
[08:45] {Threei} ah
[08:46] {Threei} sorry, misread... thought it was "didn't sell"
[08:46] {magoo} morning
[08:46] {Threei} magoo
[08:47] {magoo} how'd u like mad scan vad?
[08:49] {Threei} I don't
[08:50] {Threei} let me rephrase
[08:50] {Threei} it's trying to do practically the same my current tools do but so far it's inferior to them
[08:51] {Threei} so I see no reason to switch at this point in time
[08:51] {magoo} cool
[08:51] {magoo} now, why FSLR gapping 18 points?
[08:51] {magoo} also csiq +2
[08:52] {Threei} Germany cuts to subcides are not that bad as feared
[08:52] {magoo} sigh
[08:52] {magoo} now this is truth
[08:53] {Threei} why does it make you sad?
[08:53] {magoo} all mornin g im thinking "250 has supported fslr" and it may go 20 points today..
[08:53] {magoo} walk in and therfe it it
[08:53] {magoo} problem is now the trades gone
[08:54] {Threei} and if Germany decided it doesn't want to support solar industry with taxpayers money that heavily... it would be 30 points lower by now
[08:58] {magoo} i just get these weird feelings..all morning i was tthinking buy 100 sh and ride it
[08:58] {magoo} didn't want to overnite it
[09:02] {magoo} MRVL nuts vad..news?
[09:03] {Threei} good earnings and guidance, bunch of upgrades
[09:03] {Threei} those that have targets assigned 22
[09:06] {GeoArb} gm
[09:06] {Threei} Geo :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:14] {fernp} good morning
[09:14] {Threei} fern :)
[09:16] {magoo} jcg down 8..news
[09:19] {Threei} guidance is not good, downgrades
[09:19] {magoo} ty..making u work this a,m
[09:25] {Threei} keeping an eye on SATC
[09:25] {Threei} never gave pullback yesterday
[09:26] {pita} morning everyone
[09:26] {Threei} pita :)
[09:27] {_osbo} HI
[09:27] {dptl} good morning all
[09:27] {Threei} morning osbo
[09:27] {Threei} dp
[09:28] {Threei} oh, and before trading started... magoo, I got e-mail from Bruce and he asked me to do this
[09:28] * Threei slaps magoo around a bit with a large trout
[09:28] {magoo} ROFLOL
[09:28] {Threei} Trout Magoo for me.
[09:28] {Threei}
[09:28] {Threei} Regards
[09:28] {Threei}
[09:28] {Threei} Bruce
[09:28] {magoo} how is bruce?
[09:28] {magoo} tell him i miss him
[09:29] {Threei} will do
[09:30] {magoo} ty
[09:31] {Threei} JASO big jump out of the gate
[09:31] {Threei} really don't want to chase solars that far
[09:32] {Threei} prefer to wait for pullback and clean setup
[09:32] {magoo} cSIQ pulls back out of gate
[09:33] {Threei} SOLF 21.20 - .30 area to watch for support
[09:34] {Roman} FRPT
[09:34] {Roman} long 4.10
[09:35] {dino} tell bruce hello
[09:36] {Roman} SOL
[09:36] {Roman} tup
[09:36] {dino} dji neg.
[09:39] {Threei} SOLF long with stop under 21.10
[09:39] {Threei} wait for strength to appear
[09:41] {dino} oih dropping
[09:45] {Roman} JRJC again
[09:48] {magoo} got .27 SOLF
[09:48] {Threei} if you took SOLF, consider half out at least here
[09:48] {Threei} and probably take whole
[09:48] {Threei} too sharp spike
[09:48] {dptl} out solf +.20 ty
[09:48] {Threei} :)
[09:48] {magoo} out .69 TY
[09:48] {Threei} wtg
[09:49] {Threei} .10 held perfectly
[09:49] {magoo} oops.59
[09:49] {hawkfan4} beauty
[09:49] {pita} +.31 ty
[09:49] {Threei} good job guys
[09:49] {Threei} wasn't very easy t7rade as entry had to be discretionary
[09:49] {_tangrick} TY
[09:49] {Threei} tangrick :)
[09:50] {Threei} I wish I could give exact entry every time but sometimes it's conditional and/or fuzzy
[09:51] {magoo} long rimm .50
[09:51] {magoo} sorry
[09:51] {magoo} late over 140feels like
[09:53] {magoo} aapl going 189 too
[09:54] {_rant} coco
[09:54] {Threei} ENER starts looking like one of those that never stop
[09:55] {dino} cedc sm l .00
[09:55] {magoo} in aapl .50
[09:55] {GeoArb} the ironic part is AMAT had good news today
[09:55] {Threei} MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 59.8 V 59.5E
[09:56] {Threei} grrr
[09:56] {Threei} prepared XIDE alert .73 long, and changed my mind
[09:57] {magoo} engage maverick..{vad} engage
[09:58] {magoo} stopped aapl .99
[09:58] {magoo} mkt killed it
[09:59] {magoo} -.51
[10:00] {Threei} FRED
[10:01] {Threei} long with stop under .35
[10:01] {Threei} .48 - .50 trigger
[10:01] {magoo} don't forget warrants ALFRED lol
[10:02] {magoo} FREDRIK
[10:03] {Threei} CSUN trying
[10:03] {Threei} .15 worth a try, risky
[10:03] {Threei} stop under .95
[10:04] {Threei} invalidated
[10:04] {GeoArb} not much movement this friday
[10:04] {GeoArb} scanners already slowing down
[10:06] {dino} cedc stop to .97, mkt not helping
[10:07] {magoo} u kidding?huge movemt
[10:07] {magoo} throw a dart
[10:07] {GeoArb} where where
[10:07] {Threei} rant, see dcc
[10:07] {GeoArb} chrw
[10:07] {dino} stopped cedc -.06
[10:08] {magoo} problem i see is whippy..scalpers friday
[10:09] {GeoArb} SHLD tanking away
[10:09] {dino} was just looking at that
[10:09] {magoo} need mkt to resolve UP
[10:09] {GeoArb} so is SHLD salmon as per def vad?
[10:10] {dino} jcg getting interesting
[10:10] {magoo} l aapl now .45
[10:11] {Threei} yes geo
[10:11] {magoo} going over 189 RISKY
[10:11] {dino} no shld is death, really bad report
[10:11] {magoo} mneeds mkt
[10:11] {magoo} small and .99 stop
[10:12] {GeoArb} hehehe no salmon......rock dropping against upcurrent
[10:13] {dino} :)"
[10:13] {_rant} CTX always holds 19
[10:14] {_rant} MRX short anyone ?
[10:14] * Threei offers FRED swift kick in the pants - trigger already, will ya
[10:15] {magoo} magoo kickin aapl
[10:15] {Threei} ENER for adrenalin deprived:
[10:15] {Threei} .81 long
[10:15] {magoo} IN
[10:15] {magoo} lol
[10:15] {Threei} stop under .50
[10:15] {Threei} SMALL SHARES
[10:16] {esemde} good morning
[10:16] {Threei} ese :)
[10:16] {magoo} not yet lol
[10:17] {magoo} waiting .93 AAPL
[10:17] {magoo} 2:1 already
[10:18] {Threei} blast from the past... ELNK
[10:19] {magoo} misseed ENER
[10:19] {magoo} no way to hit it
[10:19] {Threei} ENER takes 60, I won't be surprized to see it at 61 or 62
[10:19] {Threei} come on mags
[10:19] {magoo} was gonna jump early .62
[10:19] {Threei} you slep through it
[10:19] {dptl} out ener +.30 ty
[10:19] {Threei} I have .81
[10:19] {magoo} OUT aapl .93 + .43 TY vad
[10:20] {_tangrick} missed too
[10:20] {dptl} i got .85
[10:20] {magoo} i guess AAPL distracted me
[10:20] {Threei} most likely
[10:21] {magoo} where pullbk entry?
[10:21] {GeoArb} so vad.... what are the reasons not to short shld
[10:21] {magoo} uh..like unprofittable he he
[10:21] {GeoArb} why?
[10:21] {GeoArb} didnt do it but am curious why not
[10:22] {magoo} [10:11] {magoo} going over 189 RISKY
[10:22] {Threei} half out ENER .40
[10:22] {magoo} dam i bought that lol
[10:23] {Threei} geo, who said there are any?
[10:23] {magoo} out RIMM here .18 + 68
[10:23] {magoo} TY vad
[10:23] {GeoArb} ok just curious if i am missing something here
[10:23] {Threei} it is short... it's simply a matter of right setup, and best one is gone
[10:23] {dino} sm risky l jcg .95
[10:23] {GeoArb} yeah
[10:23] {magoo} 09:52] {magoo} long rimm .50
[10:24] {Threei} 84.70 was perfect short trigger at the moment
[10:24] {GeoArb} how does one understand/avoid concept of shor squeeze
[10:24] {GeoArb} yeah beautifull dbi
[10:24] {Threei} OI am hesitatnt to chase it so far down from the trigger
[10:24] {GeoArb} yes same here
[10:25] {dino} keep it si8mple geo, don't overthink
[10:25] {GeoArb} will take a few years dino :)
[10:25] {Threei} short squeeze is not a concept to deeply think about, really... it's rather simple :)
[10:26] {dino} it will trust me. they need to invent mind eraser
[10:27] {Threei} what to invent... vodka has been around for centuries {G}
[10:27] {dino} yeah, but the stupid stuff in my head comes back in the morning
[10:27] {GeoArb} i spent the evening buying pappercorns ala chaeron
[10:27] {Threei} you mean a shot of vodka is not the first thing you take upon waking up??
[10:28] {dino} lol, i have to try that
[10:28] {Threei} stop for second half ENER to .95
[10:28] {magoo} no..but i replace milk with beer in my cereal
[10:28] {_tangrick} FRED moved
[10:28] {Threei} FRED triggered
[10:29] {Threei} stop under .35
[10:30] {dino} out jcg .45 +.50
[10:30] {dino} no takers
[10:30] {dino} ?
[10:31] {pita} c & h rimm?
[10:31] {esemde} FCEL looking good here....have been very patient with this.....need to see something
[10:32] {Threei} yes
[10:32] {Threei} needs market help as always, but chart is right pita
[10:32] {_rant} jcg down 20%
[10:32] {_rant} over done?
[10:33] {dino} rant see above
[10:33] {Threei} dino just played it
[10:33] {dino} .90 held last drop
[10:33] {Threei} it's up over a buck from low
[10:34] {_rant} dropping again
[10:34] {dino} y, watching it
[10:35] {Threei} good boy ENER
[10:35] {_rant} wow
[10:35] {Threei} one more jump please
[10:35] {_rant} 11%
[10:35] {dptl} nice ener:)
[10:36] {GeoArb} hey chaeron....dcc
[10:36] {Threei} am I getting too greedy?
[10:36] {judijim} gm all
[10:36] {Threei} jj :)
[10:36] {Chaeron} Good morning everybody
[10:36] {Threei} chaeron
[10:36] {magoo} yes..yes u are..but nice one
[10:37] {Threei} me? nice?
[10:37] {Chaeron} ah... no :) for me today...
[10:37] {Chaeron} lol
[10:37] {Threei} oversensitive today, aren't we
[10:37] {Threei} there:
[10:37] * Chaeron slaps Threei around a bit with a large trout
[10:37] {Threei} chaeron :))))
[10:37] {Threei} is that smiley enough for ya?
[10:37] {GeoArb} smiley or doublee/tripe chin
[10:38] {Chaeron} uh oh.. lol
[10:38] {Threei} out ENER
[10:38] {Threei} 61.11
[10:38] {GeoArb} too busy making money
[10:39] {Threei} 61.11 - 59.81
[10:39] * magoo slaps Threei around a bit with a large trout
[10:39] {Threei} whose math is good enough for that
[10:39] {magoo} not i
[10:39] {GeoArb} ummmmm
[10:39] {GeoArb} calculating
[10:39] {GeoArb} obscene
[10:39] {Chaeron} nice +$1.30 Vad
[10:39] {Threei} sheesh... this is second person calling me nice today
[10:39] {GeoArb} lol
[10:39] {Threei} my world is crambling down
[10:39] {Chaeron} trade was nice... noone said a dang thing abou tyou
[10:40] {GeoArb} so much for slow friday and scalpers friday
[10:40] {Threei} thank you chaeron
[10:40] {Threei} that makes me feel better
[10:40] {Chaeron} the $1.30 wasn't enough huh?
[10:40] {esemde} those of you in ENER...nice one....the trout looks in orderfor that tone
[10:40] * Chaeron slaps esemde around a bit with a large trout
[10:40] {Threei} lol
[10:40] {Chaeron} thanks for remindeing me ese
[10:41] {Threei} you walked right into that ese
[10:41] {esemde} no kidding
[10:41] {Chaeron} now let's find a trade I can screw up for magoo
[10:42] {dino} yes, please
[10:42] {magoo} that does it........................................
[10:42] * magoo slaps Threei around a bit with a large trout
[10:42] {Threei} what did I do?
[10:42] {magoo} just being figure head of this motley crew
[10:43] {GeoArb} i think i am going to be nice to people at work
[10:43] {GeoArb} TY vad
[10:43] {Threei} why would you do that geo?
[10:43] {magoo} dinos never nice here
[10:43] {GeoArb} money makes me kind
[10:43] {Threei} oh
[10:44] {magoo} going for a beer..brb
[10:44] {Threei} let's trail FRED stop to .44
[10:44] {Threei} it's so slow, really don't want to get stuck in it for whole day
[10:44] {Threei} risk is negligible with this stop, can just let it trade
[10:49] {_rant} jcg stuck around 37.20
[10:52] {dino} waiting at 36.80 fwiw
[10:55] {_rant} 37 seems to be holding for now
[10:56] {_rant} coco down 4%..sweet
[10:57] {Threei} FRED stopped
[10:57] {dino} hmmm, didn't expect it, sm l ostk .30
[11:03] {dino} jcg you are right rant about .00 floor
[11:04] {pita} day job calling....
[11:04] {Threei} take care pita
[11:04] {Threei} JOYG small shares long .50
[11:04] {dino} later pita
[11:04] {Threei} if stays above .25 - .30
[11:05] {Chaeron} it does and I'm in
[11:05] {Chaeron} .52
[11:05] {Threei} 1:1 easy
[11:05] {magoo} in
[11:06] {magoo} u out?
[11:06] {dptl} out +.23 ty
[11:06] {dino} gj
[11:06] {Threei} half out for me
[11:06] {dptl} joyg
[11:06] {Threei} stop to under .40
[11:06] {GeoArb} out .21 TY
[11:06] {Threei} welcome guys
[11:06] {Threei} good reflexes
[11:06] {GeoArb} easy button
[11:08] {Threei} stop to under .50
[11:09] {Threei} me may be greedy but me controls risk tightly, especially on Friday
[11:09] {dino} sm l jcg .05
[11:09] {Chaeron} out .77 + 0.25... thanks Threei
[11:10] {Threei} welcome
[11:10] {Chaeron} greedy is good... nice - well worry about that later
[11:11] {Threei} lol
[11:11] {esemde} out FCEL here .05 +.55.....gotta go have a great weekend everyone
[11:11] {magoo} bye es
[11:11] {Chaeron} you too ese... don't lose your balls
[11:11] {Threei} take care ese, have a good one
[11:11] {esemde} see ya mags ch...
[11:11] {esemde} vad
[11:11] {dino} out ostk .60 +.30
[11:11] {Chaeron} out shooot... sorry ese.. I read you were going to play GOLF... nevermind my comment
[11:12] {dino} out jcg .19, +.19
[11:12] {dino} .1`4 i mean
[11:12] {magoo} chaer roflol
[11:12] * Chaeron needs glasses
[11:12] {Threei} nice scalping footwork dino
[11:13] {dino} ty, it's firday
[11:13] {dino} friday
[11:13] {dino} lol
[11:13] {Threei} firday is good too
[11:13] {magoo} fir day?
[11:13] {magoo} OY
[11:13] {Threei} I need to think of concept of furday as well
[11:13] {dptl} lol
[11:14] {Threei} out balance JOYG
[11:14] {Threei} .85
[11:14] {Threei} oversat this last spike a little
[11:14] {Chaeron} nice Threei... thanks again for JOYG
[11:14] {Threei} wanted exit over 85
[11:15] {Threei} not sure it has enough fuel to break again
[11:15] {magoo} waiting .97
[11:15] {magoo} kickin it
[11:20] {magoo} OUT WHOA TY lord vader
[11:20] {magoo} .97
[11:20] {GeoArb} lord vader
[11:20] {GeoArb} hmmm
[11:20] {Chaeron} w00h00! glad for you magoo
[11:20] {Chaeron} now can I short it?
[11:20] {Threei} {JOYG} who me no fuel??
[11:20] {GeoArb} lol
[11:20] {Threei} lord vader?
[11:21] * Threei is breathing heavy through space costume
[11:21] {dino} gj guys
[11:22] {dino} wind
[11:22] {Threei} magoo misbehaves dino?
[11:22] {Chaeron} ug
[11:23] {dino} always 3i
[11:23] {Chaeron} JOYG nonstop
[11:24] {GeoArb} my 21 cents are laughing at me and pointing at their friends
[11:24] {Threei} you just wait Geo... soon stocks will start calling you on the phone, make evil laighter sound and hang up
[11:25] {GeoArb} i thought that was magoo calling you
[11:25] {Threei} nah, he just gives them my phone number
[11:25] {Threei} to be fair... I started it first
[11:25] {dino} wait'll you start dreaming of trades
[11:26] {GeoArb} its funny
[11:26] {magoo} hiccup..second brew awaits
[11:26] {GeoArb} i wake up in the mornining and tell my wife to close the curtains
[11:27] {magoo} well ..it is friday
[11:27] {GeoArb} SOLARS hurt my eyes
[11:27] {dino} thought you were worried about the neighbors
[11:27] {GeoArb} nah i think of the world in terms of sectors
[11:27] {GeoArb} :)
[11:27] {GeoArb} really magoo?
[11:28] {GeoArb} whats the brew of choice?
[11:28] {dino} none for me today little league double-header tonight
[11:28] {GeoArb} k
[11:28] {dino} altho, over the weekend gueness drafts
[11:29] {GeoArb} nice
[11:29] {GeoArb} i am a fan of fat tire draft
[11:29] {magoo} heinie light
[11:29] {dino} cans w/that draft thingy
[11:30] {dino} fat tire?
[11:30] {dino} jcg feels whoosh lower coming
[11:31] {GeoArb} http://www.newbelgium.com/beers_ft.php
[11:31] {GeoArb} colorado based microbrew
[11:31] {Threei} Innis & Gunn favorite here
[11:32] {dino} as homer simpson would say...........ahhhh beer
[11:32] {GeoArb} ill check it out
[11:32] {GeoArb} vad made like 2 bucks toady
[11:32] {GeoArb} ill drink whatever beer he does !!!
[11:32] {GeoArb} heheh today
[11:32] {Threei} lol
[11:34] {GeoArb} psssah not available in CA
[11:36] {dino} wind sm s .50
[11:37] {dino} stop is .72
[11:39] {Chaeron} frpt
[11:40] {Threei} AWARDED $43.7 M FOR SERVICE AND SUPPORT CONTRACTS
[11:41] {_rant} scalped 20 cents of jcg
[11:41] {_rant} for 200$
[11:41] {_rant} :)
[11:41] {_rant} thanks dino
[11:41] {Threei} cool beans
[11:42] {magoo} no need to rant over it lol
[11:42] {_rant} lol..small profit..
[11:42] {_rant} will take it in this crazy mkt
[11:42] {Chaeron} if anyone is bored... http://www.thisislondon.co.uk/news/article-23488455-details/Al-Qaeda's+terrifying+vision+of+a+devastated+America+in+the+wake+of+a+nuclear+attack/article.do
[11:43] {Chaeron} and if they even THINK about it again, here's a picture of what we'd do first - http://farm1.static.flickr.com/78/180862057_f58e3ea6bb.jpg?v=0
[11:43] {dino} gj
[11:44] {Threei} 200 bucks per trade is nothing to sneeze at for daytraders, IMO
[11:44] {dino} 1:1 for me is $100
[11:44] {Chaeron} $200/day is $4000/mo
[11:44] {Threei} if you can do it twice a day consistently, you have fairly comfortable living
[11:45] {Chaeron} unless you're in Canada where the US $ is worth nothing :)
[11:45] {Threei} yeah, rub it on
[11:45] {dino} use your dollar to buy our real estate
[11:45] {Chaeron} that's "in" Threei... "in"
[11:45] {Threei} that too
[11:46] {GeoArb} yup those canadians
[11:46] {GeoArb} ravaging our lands
[11:46] {Threei} lol
[11:46] {magoo} i looked chaer at post...those sob's
[11:47] {GeoArb} unfortunatley we are providing them the money to develop stuff
[11:48] {GeoArb} turn the oil money spigot off !!!
[11:48] {GeoArb} when i travel to asia , its frigheting to see how that money is being used to "educate"
[11:49] {dino} lies i bet
[11:49] {GeoArb} of course
[11:49] {GeoArb} completely
[11:49] {GeoArb} they take the money from here and then use it for propaganda against us
[11:49] {dino} thats how they keep control of their people, keep them full of lies, etc, they do anything you want
[11:50] {GeoArb} lets just make money and feel better :)
[11:50] {dino} ok
[11:51] {Chaeron} naaa... you got me mad geo... I'm going to go drill in ANWR and build a few refineries and nuclear plants :)
[11:51] {_rant} OMG anyone ?
[11:51] {dino} i wish we would
[11:51] {dino} and the coasts
[11:52] {GeoArb} i need to invent working fusion
[11:52] {Threei} not sure rant
[11:52] {Threei} chart looks nice but it's a slow trader and we move into lunch time
[11:53] {_rant} rsi crossover 30
[11:54] {_rant} always safer bet
[11:54] {dino} i will gladly pay you tomorrow for a hamburger today
[11:54] {GeoArb} ??? dino
[11:54] {dino} :)
[11:57] {magoo} popeye
[11:58] {Chaeron} wimpy
[11:59] {GeoArb} off to work... thanks all... have a great weekend (off to hunt vad's beer)
[11:59] {Chaeron} bye Geo... see you Monday
[11:59] {dino} later geo
[12:00] {dino} jcg breaking out
[12:00] {_rant} bummer
[12:01] {_rant} sold early
[12:03] {dino} same here but 2/2 on it
[12:03] {Threei} yeah
[12:03] {_rant} 37.8
[12:04] {Threei} the idea is not to take all the money move can offer
[12:04] {_rant} need to learn good exit points..
[12:04] {_rant} and let profits run
[12:04] {_rant} and cut losses..
[12:04] {_rant} tend to always do the opposite
[12:04] {Threei} "last 1/8 is the most expensive"
[12:04] {Threei} cut losses is right
[12:05] {Threei} with no reservations
[12:05] {Threei} stop is hit, get out,
[12:05] {Threei} no second thoughts, no guessing, no hesitation
[12:05] {Threei} profits run is right but there are buts
[12:06] {Threei} profits tend to evaporate if you oversit the move
[12:06] {_rant} true
[12:06] {_rant} i like trailing stop
[12:06] {Threei} gotta have sound method to manage a trade
[12:06] {Threei} partialling out, trailing stop
[12:06] {_rant} it protects u from a bigger loss
[12:07] {_rant} but the key is to understand the ATR and place the trailing stop correctly
[12:07] {_rant} tight stops might be taken out all the time
[12:07] {Threei} well, stop must be dictated by the chart
[12:07] {_rant} daily chart ?
[12:08] {Threei} whatever chart you base your trade on
[12:08] {dino} of course it is scalpers friday, so we scalp
[12:08] {Threei} if it's intraday trade, it's more likely to be intraday chart, no?
[12:08] {Threei} one of frequent mistakes made
[12:08] {_rant} yes, but you wont know the bottom until it is formed
[12:08] {Threei} is basing one's stop on his monetary needs solely
[12:09] {Threei} you don't need to
[12:09] {magoo} ener breaking out vad
[12:09] {Threei} this is not how trade is structured and managed
[12:09] {Threei} there is a certain setup for each trade
[12:10] {_rant} what u think of JCG vad...
[12:10] {Threei} one of elements of such setup is the action that renders original reson for entry invalid
[12:10] {_rant} worth going into it again
[12:10] {_rant} 37.49 now
[12:10] {Threei} I don't have read on it
[12:11] {Threei} to finish the thought,
[12:11] {_rant} omg climbing slow n steady
[12:11] {Threei} your stop is placed in such manner
[12:11] {Threei} that trade is cut off when that action accurs
[12:12] {_rant} i didnt get u ? trade is cutoff ?
[12:12] {Threei} stopped out
[12:12] {_rant} oh ok
[12:12] {Threei} on this I'll shut up and let you jump from stock to stock hunting for a lunch time stop {G}
[12:12] {_rant} :) i m pacific time zone..!
[12:12] {Threei} me too
[12:12] {_rant} time to go to work :)
[12:13] {Threei} but market isn't
[12:15] {dino} wind bstop to b/e
[12:18] {dino} to .43
[12:24] {_rant} omg jumps..now 42.88
[12:25] {_rant} silly to miss out on it
[12:26] {dino} wind bstop to .38
[12:27] {dino} cov .31 +.19
[12:28] {dino} cme feels like 400 magnet
[12:29] {dino} probably next week
[12:32] {_rant} cant watch jcg anymore
[12:32] {_rant} feeling stupid
[12:32] {_rant} 38.22
[12:36] {dino} pwrd
[12:37] {_rant} trade ?
[12:39] {Roman} LGND
[12:39] {Roman} spike on news
[12:39] {Roman} LGND Ligand Pharma jumps after US Panel member supports new drug approval - Bloomberg (3.00 +0.65)
[12:41] {dino} not in rant missed it thought it would go higher for short
[12:44] {Threei} LLTC
[12:44] {Threei} 37 break for a scalp if stays above .90
[13:02] {Threei} TREASURY'S PAULSON: RISING OIL PRICES ARE A SIGNIFICANT ISSUE, MORE INVESTMENT NEEDED IN MAJOR OIL PRODUCING COUNTRIES TO BOOST OUTPUT- Some parts of the Senate mortgage backstop plan are not helpful
[13:09] {Threei} market loses steam
[13:10] {Threei} GREENSPAN: CREDIT CRUNCH IS NOW BEGINNING TO AFFECT ASIA
[13:10] {Threei} duct tape, please
[13:12] {magoo} any read ENER vad?
[13:14] {Threei} looks up
[13:15] {Threei} can't nail it more exactly
[13:15] {dptl} is there a gold etf?
[13:15] {Threei} yes
[13:16] {Threei} look at that site I gave yesterday
[13:16] {Threei} there are different ones
[13:16] {dptl} ye there are few wich oneto use i don't know
[13:17] {Threei} there is a description for each of them
[13:20] {dptl} nice site by the way ,ty to point into it :)
[13:20] {Threei} LLTC failed
[13:23] {dptl} yeah i sold at .99 just 2c loss didnt like the market there
[13:29] {dino} rvbd

Session Start: Fri May 30 13:53:41 2008
[13:53] *** Now talking in #discussions
[13:53] {_rant} rsi crossover 30
[13:53] {_rant} always safer bet
[13:53] {dino} i will gladly pay you tomorrow for a hamburger today
[13:53] {GeoArb} ??? dino
[13:53] {dino} :)
[13:53] {magoo} popeye
[13:53] {Chaeron} wimpy
[13:53] {GeoArb} off to work... thanks all... have a great weekend (off to hunt vad's beer)
[13:53] {Chaeron} bye Geo... see you Monday
[13:53] {dino} later geo
[13:53] {dino} jcg breaking out
[13:53] {_rant} bummer
[13:53] {_rant} sold early
[13:53] {dino} same here but 2/2 on it
[13:53] {Threei} yeah
[13:53] {_rant} 37.8
[13:53] {Threei} the idea is not to take all the money move can offer
[13:53] {_rant} need to learn good exit points..
[13:53] {_rant} and let profits run
[13:53] {_rant} and cut losses..
[13:53] {_rant} tend to always do the opposite
[13:53] {Threei} ""last 1/8 is the most expensive""
[13:53] {Threei} cut losses is right
[13:53] {Threei} with no reservations
[13:53] {Threei} stop is hit, get out,
[13:53] {Threei} no second thoughts, no guessing, no hesitation
[13:53] {Threei} profits run is right but there are buts
[13:53] {Threei} profits tend to evaporate if you oversit the move
[13:53] {_rant} true
[13:53] {_rant} i like trailing stop
[13:53] {Threei} gotta have sound method to manage a trade
[13:53] {Threei} partialling out, trailing stop
[13:53] {_rant} it protects u from a bigger loss
[13:53] {_rant} but the key is to understand the ATR and place the trailing stop correctly
[13:53] {_rant} tight stops might be taken out all the time
[13:53] {Threei} well, stop must be dictated by the chart
[13:53] {_rant} daily chart ?
[13:53] {Threei} whatever chart you base your trade on
[13:53] {dino} of course it is scalpers friday, so we scalp
[13:53] {Threei} if it's intraday trade, it's more likely to be intraday chart, no?
[13:53] {Threei} one of frequent mistakes made
[13:53] {_rant} yes, but you wont know the bottom until it is formed
[13:53] {Threei} is basing one's stop on his monetary needs solely
[13:53] {Threei} you don't need to
[13:53] {magoo} ener breaking out vad
[13:53] {Threei} this is not how trade is structured and managed
[13:53] {Threei} there is a certain setup for each trade
[13:53] {_rant} what u think of JCG vad...
[13:53] {Threei} one of elements of such setup is the action that renders original reson for entry invalid
[13:53] {_rant} worth going into it again
[13:53] {_rant} 37.49 now
[13:53] {Threei} I don't have read on it
[13:53] {Threei} to finish the thought,
[13:53] {_rant} omg climbing slow n steady
[13:53] {Threei} your stop is placed in such manner
[13:53] {Threei} that trade is cut off when that action accurs
[13:53] {_rant} i didnt get u ? trade is cutoff ?
[13:53] {Threei} stopped out
[13:53] {_rant} oh ok
[13:53] {Threei} on this I'll shut up and let you jump from stock to stock hunting for a lunch time stop {G}
[13:53] {_rant} :) i m pacific time zone..!
[13:53] {Threei} me too
[13:53] {_rant} time to go to work :)
[13:53] {Threei} but market isn't
[13:53] {dino} wind bstop to b/e
[13:53] {dino} to .43
[13:53] {_rant} omg jumps..now 42.88
[13:53] {_rant} silly to miss out on it
[13:53] {dino} wind bstop to .38
[13:53] {dino} cov .31 +.19
[13:53] {dino} cme feels like 400 magnet
[13:53] {dino} probably next week
[13:53] {_rant} cant watch jcg anymore
[13:53] {_rant} feeling stupid
[13:53] {_rant} 38.22
[13:53] {dino} pwrd
[13:53] {_rant} trade ?
[13:53] {Roman} LGND
[13:53] {Roman} spike on news
[13:53] {Roman} LGND Ligand Pharma jumps after US Panel member supports new drug approval - Bloomberg (3.00 +0.65)
[13:53] {dino} not in rant missed it thought it would go higher for short
[13:53] {Threei} LLTC
[13:53] {Threei} 37 break for a scalp if stays above .90
[13:53] {Threei} TREASURY'S PAULSON: RISING OIL PRICES ARE A SIGNIFICANT ISSUE, MORE INVESTMENT NEEDED IN MAJOR OIL PRODUCING COUNTRIES TO BOOST OUTPUT- Some parts of the Senate mortgage backstop plan are not helpful
[13:53] {Threei} market loses steam
[13:53] {Threei} GREENSPAN: CREDIT CRUNCH IS NOW BEGINNING TO AFFECT ASIA
[13:53] {Threei} duct tape, please
[13:53] {magoo} any read ENER vad?
[13:53] {Threei} looks up
[13:53] {Threei} can't nail it more exactly
[13:53] {dptl} is there a gold etf?
[13:53] {Threei} yes
[13:53] {Threei} look at that site I gave yesterday
[13:53] {Threei} there are different ones
[13:53] {dptl} ye there are few wich oneto use i don't know
[13:53] {Threei} there is a description for each of them
[13:53] {dptl} nice site by the way ,ty to point into it :)
[13:53] {Threei} LLTC failed
[13:53] {dptl} yeah i sold at .99 just 2c loss didnt like the market there
[13:53] {dino} rvbd
[13:56] {Threei} STAC new 52 week highs
[13:56] {Threei} SATC
[13:57] {Threei} was so quiet, I stopped watching it
[14:07] {magoo} was disconnwected there
[14:08] {Threei} yup, you and dino lost connection
[14:14] {magoo} any read RIMM or AAPL?
[14:14] {magoo} ENER?
[14:15] {Threei} AAPl short on this bounce
[14:15] {Threei} no read on the rest
[14:16] {Threei} 189.20 next resistance level
[14:16] {Threei} short on first weakenss from here
[14:17] {_rant} jcg fading
[14:17] {Threei} got .02
[14:17] {Threei} 20 cents stop
[14:19] {magoo} how many shares u play?
[14:20] {Threei} why is it important?
[14:20] {magoo} just wondering for risk control reasons
[14:20] {magoo} why so paranoid?
[14:21] {Threei} my risk tolerance and yours are not the same
[14:21] {magoo} sure they are
[14:21] {Threei} no two traders have the same
[14:22] {magoo} look in mirror...what u see?
[14:22] {Threei} paranoid or not, I am not comfortable sharing personal financial information
[14:25] {Threei} SOLF running
[14:28] {Threei} come on AAPL, give up
[14:28] {Threei} lose that 109 and die
[14:28] {magoo} ENER touch 64 today vad?
[14:28] {Threei} most likely... but risk here becomes too much for me
[14:29] {Threei} btw magoo... because of you I fainted for whole 3 minutes
[14:30] {magoo} huh?
[14:30] {Threei} I did what you told
[14:30] {Threei} [14:22] {magoo} look in mirror
[14:30] {magoo} rogflol
[14:34] {Threei} lower high AAPL
[14:34] {Threei} rollover already
[14:40] {dino} geoi
[14:43] {Threei} out
[14:47] {judijim} have a great week end all, be back monday
[14:47] {Threei} take care jj, have a good one
[14:48] {magoo} bye JJ
[14:58] {Threei} 64 almost tagged ENER
[14:59] {magoo} ask me to confess:)
[14:59] {Threei} you see... for that I'd have to pretend I care... and it's tough on Friday
[15:00] {magoo} WOW..u really be nasty to magoo today{more than normal that is}
[15:00] {Threei} but it's friday
[15:09] {fernp} I must go. Thanks for everything vad
[15:09] {fernp} have a nice weekend all
[15:09] {Threei} take care fern, have a great weekend
[15:10] {magoo} bye femp
[15:10] {dino} rvbd s .19
[15:13] {magoo} man ENER looking like 65 today
[15:16] * Threei slaps laserdave1 around a bit with a large trout
[15:17] * Chaeron slaps laserdave1 around a bit with a large trout
[15:17] {dino} rvbd bstop to .15
[15:19] {dino} to .12
[15:19] {dino} out +.07
[15:22] {dino} ostk drop
[15:36] {dino} unless something wierd happens, most likely done, just shy daily
[15:36] {Threei} unusually good Friday for me
[15:37] {magoo} at daily here
[15:37] {Threei} don't know what happened but traditionally scalping day brought a few quite nicely sized trades
[15:37] {dino} new streak started this week, 4 days in row up
[15:37] {Threei} :)
[15:38] {dino} got lucky, need to wait longer in mornings for my style
[15:39] {dino} isis
[15:39] {dino} fast
[15:41] {dptl} have a good weekend everyone :)
[15:41] {Threei} take care dp
[15:41] {magoo} vad dcc
[15:42] {magoo} never mind
[15:43] {dino} u2 dp
[15:43] {magoo} yes..bye dp:)
[15:44] {dino} ouch cme
[15:44] {dino} ok calling it a week. take care all, had fun.
[15:45] {Threei} thank you all
[15:46] {Threei} have a good weekend
[15:46] {Threei} see you all on Mondsay
[15:46] {Threei} or whatever comes after Sunday
[15:47] {Threei} welcome rant
[15:50] {magoo} TY vad, 4 straight up here too
[15:50] {magoo} all over daily

Thursday, May 29, 2008

May 29 2008

Session Time: Thu May 29 00:00:00 2008

[08:25] {Threei} OPEC RESEARCH CHIEF QABAZARD SEES OIL STOCKS BUILDING TO AN AVERAGE OF 500K BPD IN 2008
- Says OPEC spare capacity is 3M bpd.
[08:25] {Threei} - Note: On the capacity issue, the Qatari Oil minister stated back on May 22 that OPEC was producing at its full capacity.
[08:30] {Threei} Q1 PRELIMINARY GDP PRICE INDEX: 2.6% V 2.6%E
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 372K V 370KE; CONTINUING CLAIMS: 3.104M V 3.080ME
[08:31] {Threei} CORE PCE Q/Q: 2.1% V 2.2%E
[08:31] {Threei} Q1 PRELIMINARY GDP ANNUALIZED: 0.9% V 0.9%E; PERSONAL CONSUMPTION: 1.0% V 1.0%E
[08:32] {Threei} COLOMBIA SIGNS AGREEMENT TO PURCHASE 65,000 XO LAPTOPS
[08:50] {cosmo} ESLR
[08:50] {Threei} ESLR was downgraded earlier
[08:50] {cosmo} hmm
[08:51] {Threei} 05/29/08 04:08am
[08:51] {Threei} [ESLR] Evergreen Solar Inc Merrill Lynch Cuts ESLR to Sell from Neutral
[08:51] {Threei} - Cites potential German subsidy cuts
[08:53] {magoo} sedarmoc kninrom (:
[08:53] {Threei} wow
[08:53] {Threei} where is my decoder ring
[08:54] {dptl} good morning all
[08:54] {Threei} dp :)
[08:57] {Threei} keeping an eye on VVUS for possible continuation
[09:02] {fernp} good morning
[09:02] {Threei} fern :)
[09:04] {Threei} 08:28am [TLM] Ivanhoe Energy to acquire oil sands assets from Talisman Energy for C$105M
[09:05] {magoo} whats with KOSN vad?
[09:05] {Threei} buyout
[09:05] {Threei} by BMY
[09:09] {cosmo} EXPD @ 24 pre mkt high
[09:09] {cosmo} EXPE
[09:09] {cosmo} sorry
[09:17] {_osbo} HI
[09:17] {Threei} hi osbo, welcome
[09:18] {magoo} morn osbo
[09:18] {hawkfan4} morning all
[09:19] {Threei} hawk :)
[09:25] {GeoArb} gm
[09:25] {Threei} Geo :)
[09:28] {dino} gm all
[09:28] {Threei} dino :)
[09:29] {Threei} BWEN is wind energy?
[09:31] {hawkfan4} yes
[09:31] {Threei} nasty Level 2
[09:37] {pita} morning TY
[09:37] {Threei} hi pita
[09:37] {Threei} guys, save that reserve server somewhere
[09:38] {magoo} why?
[09:39] {Threei} ummm... because you'll need it every time chat host has dns problems?
[09:39] {GeoArb} i used reserve
[09:39] {GeoArb} anyne knows how to add it in mirc script as backup?
[09:40] {Threei} File-Options-Connect-Add
[09:40] {GeoArb} ty
[09:42] {dino} sm l cedc .00
[09:43] {Threei} FCEL
[09:43] {Threei} .95 long
[09:44] {Threei} .84 stop
[09:44] {magoo} in
[09:44] {Threei} 10 is decisive resistance for it
[09:44] {Threei} .95 is somewhat aggressive entry
[09:45] {magoo} wheres the exit if works? 10.15 area?
[09:45] {Threei} I will try to partial
[09:46] {Threei} there is no clear resistance to exit into, 10 break has nothing up to about 11
[09:46] {magoo} look at V
[09:46] {Threei} so, go with real time tape
[09:48] {Threei} where is ese... if FCEL takes 10 and jumps, he owes us a bottle of champaign
[09:49] {Threei} {FCEL} 10? what 10?
[09:49] {magoo} COCO pop
[09:50] {Threei} ese... FCEL :)
[09:51] {esemde} morning vad...
[09:51] {magoo} news AAPL?
[09:52] {Threei} no
[09:52] {magoo} shit..was looking at .27
[09:53] {esemde} FCEL...lookin good.....maybe should have had full lot
[09:54] {magoo} AAPL bounmce area vad?
[09:54] {Threei} TELK 2.11 long
[09:55] {Threei} it's 40 cents from low
[09:55] {magoo} was low when asked
[09:56] {Threei} when it jumps like this, how is it possible to alert in time
[09:57] {Threei} ARBA
[09:58] {Threei} .25 long
[09:58] {Threei} if stays above .10
[10:00] {magoo} SINO feels like 17
[10:00] {dino} sm l joyg .50
[10:03] {dino} out cedc .47 +.47
[10:05] {GeoArb} V not letting up
[10:05] {Threei} come on FCEL... it can't be 10 cents was all you were capable of
[10:06] {dino} jef s .52 stop .70
[10:06] {magoo} look at MA geo
[10:06] {dino} out joyg .90, +.40
[10:06] {esemde} my thinking exactly....i'll be out todat sometime
[10:07] {Threei} PREIVEW: DOE AND API PETROLEUM INVENTORY DATA DUE OUT AT 10:30AMET
**consensus expectations:
[10:07] {Threei} - Crude: -300Ke
[10:07] {Threei} - Gasoline: -200Ke
[10:07] {Threei} - Distillates: +1Me
[10:12] {dptl} stopped fcel
[10:12] {Threei} yeah
[10:15] {Threei} ARBA holding well during market selling
[10:16] {esemde} yep....it's made anice move from the 10 area
[10:18] {Threei} SINA
[10:18] {Threei} half lot long 52 break
[10:18] {Threei} if stays above 51.80
[10:18] {dino} jef stopped -.19
[10:18] {magoo} in
[10:18] {magoo} 52
[10:20] {Threei} ARBA looks good for more than scalp, just hopefully oil numbers do not kill market
[10:20] {Threei} SINA over 1:2
[10:21] {Threei} out .50
[10:21] {magoo} out here .54 TY VAD
[10:21] {Threei} welcome
[10:21] {magoo} nice spot
[10:22] {Threei} classic chart...
[10:22] {Threei} kind of C&H on 1 min
[10:22] {magoo} easy button
[10:25] {dino} ulbi s sm .63 stop .01
[10:25] {Threei} ARBA nears 1:1
[10:25] {magoo} AAPL going fgreen
[10:25] {Threei} make up your mind guys
[10:25] {magoo} not in
[10:25] {Chaeron} good morning all... looks like I missed a golden one... SINA... nice job guys
[10:25] {Threei} chaeron :)
[10:25] {magoo} charbroil baby
[10:25] {Threei} I am holding, but manage your trade according to your objectives and risk tolerance
[10:26] {esemde} CCCCCCCCCHHHHHHHHH!!!!!!
[10:26] {Threei} my current take is,
[10:26] {magoo} huh?whats that mean?
[10:26] {Chaeron} hi magoo, ese :)
[10:26] {Threei} in this choppy environemtn we get unusually high stop ratio
[10:26] {magoo} aapl opopped .50 cents
[10:26] {Threei} so I keep stops tight while trying to milk winners to their full extent
[10:26] {Threei} you saw it yesterday with CSIQ for instance
[10:27] {magoo} we trade csiq yesterday?
[10:27] {Threei} lol
[10:27] {Chaeron} yep :) for .40+
[10:27] {Threei} wow... SINA decided to make us look cheapskates
[10:27] {Threei} you for 40, chaeron... I held for .85 exit :)
[10:28] {Chaeron} oh yeah........ :)
[10:28] {Threei} not berating your exit, just illustrating an approach I just discussed
[10:29] {Threei} market gets jittery closer to oil numbers
[10:29] {Threei} what a nonsense it is to monitor them every week and react on them as some major indicator
[10:30] {Threei} DOE CRUDE: -8.9M V -300KE;
[10:30] {Threei} yikes
[10:30] {magoo} u know my biggest change in perspective over years?
[10:30] {Threei} GASOLINE: -3.26M V -200KE; DISTILLATES: +1.64M V +1ME; UTILIZATION: 87.9 % V 88.4%E
[10:30] {GeoArb} tell tell magoo
[10:31] {magoo} out dinos JOYG + buck TY dino
[10:31] {magoo} got .57
[10:31] {GeoArb} ?
[10:31] {dino} np
[10:31] {dino} gj
[10:31] {magoo} ok, its the nonsense day to day which moves mkt
[10:32] {GeoArb} you mean reports?
[10:32] {magoo} a bit of info moves today..forgotten tommorrow
[10:32] {fernp} look at USO
[10:32] {Threei} sure
[10:32] {dino} geo i'm reporting you
[10:32] {GeoArb} to the unprofitable comission?
[10:33] {esemde} what the heck is the NDX doing?
[10:33] {dino} no, i believe the commision side is always profitable
[10:33] {GeoArb} hehehe
[10:33] {Threei} dropping ese... as oil is jumping
[10:34] {magoo} any one still in ARBA?
[10:34] {magoo} id like to be in jessica arba lol
[10:34] {Threei} with all the decrease in driving reported lately, how could inventory numbers go that disastrous?
[10:35] {dino} how about alba
[10:35] {magoo} OH ROFLOL
[10:35] {magoo} yeah ..her
[10:36] {magoo} dino rockin office with the kid {kid rock}
[10:37] {Roman} 21 PEIX
[10:37] {Roman} 21 boucing
[10:37] {dino} kiiiiiidddddddddddddddrock!
[10:38] {Threei} DOE SAYS IT ACCIDENTALLY BRIEFLY POSTED THE INVENTORY DATA ABOUT 15 MINUTES BEFORE 10:30AMET
[10:38] {Roman} 21 long PEIX
[10:39] {Roman} 21 stop 3.49
[10:39] {Threei} EIA: DROP IN CRUDE DELIVERIES DUE TO TEMPORARY DELAYS IN THE GULF
[10:40] {magoo} how could est be off so badly?
[10:41] {Threei} read above
[10:42] {dino} yeah, accidentally, sure, and i have some swamp land
[10:42] {Threei} I mean this
[10:42] {Threei} [10:39] {Threei} EIA: DROP IN CRUDE DELIVERIES DUE TO TEMPORARY DELAYS IN THE GULF
[10:42] {dino} oih hod
[10:43] {dino} what are you trying to say 3i??????????????????????????/
[10:43] {dino} just messing w/ya
[10:44] {Threei} what magoo is rubbing off of you? :)
[10:44] {Threei} I hoped you would be a good influence on him
[10:44] {Threei} but it seems rather other way around
[10:45] {dino} late night
[10:46] {Threei} SOLF chart is breaky... not sure how much we can trust it
[10:46] {Chaeron} dino - cell phone in freezer and bottle of vodka on bedstand?
[10:46] {Threei} see if you like it
[10:46] {Threei} stop under 21
[10:47] {dino} lol, no but golf and brews
[10:47] {Threei} don't chase beyond .15 - .20 area
[10:47] {Roman} 21 watching TSRA
[10:47] {Threei} I personally will skip it
[10:47] {Roman} 21 feels higher
[10:47] {dino} i must be getting old
[10:48] {Threei} arba stop to under .20 for me
[10:50] {pita} day job calling - c u later
[10:50] {Threei} take care pita
[10:50] {judijim} gm all, Judi off to her office Jim will be watching today.
[10:50] {Threei} hi jj
[10:50] {Threei} missed couple good ones :(
[10:52] {magoo} bye pita
[10:52] {magoo} morn jim
[10:52] {Threei} KLAC interesting
[10:53] {Threei} it jiggles around a lot, try to grab it closer to 46
[10:53] {Threei} with stop under 45.90
[10:54] {Threei} see these teleportations by 10-15 cents?
[10:54] {Threei} this is the chance for right entry on the likes of KLAC
[10:55] {Threei} NQ breaks 2020, ARBA should start second leg on its way to 15
[10:59] {Threei} NQ retreated in lower BB
[10:59] {Threei} ARBA stays put
[10:59] {dino} ulbi stopped .35. +.28
[10:59] {Threei} good salmon scenario, want to see now NQ bounce with ARBA making new high
[11:00] {Threei} MRO CEO: ETHANOL PROCUDERS CAN MEET 2008 MANDATE, GETTING ETHANOL TO BLENDERS WILL BE DIFFICULT
- Says a pull back in oil would help refiners and consumers
[11:00] {Threei} - Notes that gasoline makers struggling, diesel profitable
[11:01] {Threei} textbook so far
[11:01] {Threei} see this relation between salmon stopck and market?
[11:02] {Threei} memorize it, this is ideal scenario
[11:02] {Threei} good to have it in your arsenal
[11:02] {Threei} half out ARBA
[11:02] {Chaeron} KLAC near 46
[11:03] {Chaeron} oops... it was
[11:03] {GeoArb} salmon as in against current?
[11:03] {Threei} NQ lost support on 1 min
[11:03] {Threei} right geo
[11:04] {Threei} strictly speaking, ARBA is not exact salmon
[11:04] {Threei} it's rather a market follower with nice relative strength
[11:04] {Threei} but its behavior on market pullbacks was very typical for a salmon
[11:08] {Threei} jeez FEED
[11:08] {Threei} it bought two hog farms
[11:08] {Threei} look at it go
[11:09] {Threei} ACQUIRES TWO ADDITIONAL PRODUCING COMMERCIAL HOG FARMS IN CHINA'S FUJIAN PROVINCE; EXPECTS ACQUISITIONS TO BE IMMEDIATELY ACCRETIVE TO 2008 EARNINGS
- AgFeed's management is already in place operating the newly acquired hog farms.
[11:09] {Threei} - With the addition of these newly acquired hog farms, AgFeed now owns controlling interest (on average more than 90%) in 24 producing commercial hog farms in several provinces in China, including two breeder hog farms, with an aggregate annual hog production capacity of approximately 550,000 hogs.
[11:10] {dino} making bacon
[11:10] {Chaeron} Chinese Fed releasing BBQ Pork Ribs numbers tomorrow
[11:10] {Chaeron} (teasing)
[11:11] {dino} mmmmmmm
[11:11] {dino} magoo's releasing gas
[11:12] {dino} sm s oyog .29 thin, risky
[11:23] {magoo} price of sweet-n-sour pork to rise predicted
[11:24] {dino} you guys are making me hungry
[11:24] {esemde} Outta here til tomorow....see ya'll
[11:25] {Threei} take care ese
[11:25] {dino} cost drop
[11:25] {dino} lateres
[11:25] {Threei} COST news just now
[11:25] {Threei} CFO: HAD 'PRETTY STRONG' GROSS MARGINS IN Q4 LAST YEAR, BUT DOES NOT EXPECT SAME THIS YEAR - CONF CALL
[11:29] {Threei} oil comes to its sense after spike on inventory report
[11:30] {Threei} that was one of the wierdest reports I've ever sen on oil inventories I must say
[11:30] {Threei} look at USO drop
[11:31] {Threei} right back where it started
[11:31] {magoo} what is USO exactly? a stock?
[11:32] {Threei} oil fund ETF
[11:32] {magoo} long fund?
[11:32] {Threei} yes
[11:32] {magoo} ty
[11:35] {Threei} http://seekingalpha.com/page/etf-finder
[11:35] {Threei} bookmark this to find any ETF humankind ever came up with
[11:36] {magoo} why? i got u he he
[11:37] {dino} oyog cov .91 +.39
[11:37] {GeoArb} same with news eh magoo?
[11:37] {GeoArb} :)
[11:38] {GeoArb} i have been thinking of dropping news and scanner and become a barnacle to threei
[11:38] {Threei} as long as he doesn't ask for vodka recommendations...
[11:38] {GeoArb} hmm about that WHICH one?
[11:40] {Threei} ARBA new high
[11:40] {Threei} trailing to .35
[11:41] {magoo} u using hard stop
[11:41] {Threei} no
[11:42] {magoo} i think i will set it as a test
[11:43] {Roman} 21 FORD waking up, no volume yet
[11:46] {Threei} NQ approaches that 2020 again
[11:49] {dino} sm l cost .15
[11:49] {Threei} break
[11:49] {Threei} go ARBA
[11:50] {dino} stopped too soon
[11:52] {dino} rinsed
[11:56] {Threei} out 1/4 more ARBA
[11:56] {Threei} .78
[11:56] {Threei} +.52
[11:56] {Threei} stop to .45 for the last portion
[11:56] {Roman} 21 long JRJC small
[11:57] {Roman} 21 25.15 area
[11:59] {dino} joyg drop
[12:01] {magoo} vad, i highlighted my stopped stop order, but it willnot delete when i hit delete butto
[12:03] {Threei} hit red square first
[12:03] {magoo} did..its stopped
[12:03] {dino} moscow?
[12:03] {magoo} lol
[12:03] {Threei} then 6th button from the left
[12:03] {Threei} Delete all stopped and finished orders
[12:04] {Chaeron} dino... I was thinking the same thing...
[12:04] {Threei} lol
[12:04] {Threei} sheesh, I am slow today
[12:04] {dino} sm l joyg .00
[12:04] {Threei} first who asks "today?" gets slapped silly
[12:04] {magoo} ok worjked ty
[12:04] {Chaeron} what really scared me is what kind of firepower magoo must have....
[12:05] {magoo} today}?
[12:06] {Threei} except magoo
[12:06] {magoo} dammit..i knew it
[12:07] {dino} great minds think alike, huh chaeron
[12:09] {Chaeron} :)
[12:09] {Threei} this explains why my cat always agrees with me on everything
[12:11] {dino} joyg stopn to .41
[12:13] {dino} stopped .41, +.41
[12:13] {dino} .
[12:15] {Threei} trailing ARBA to .55
[12:15] {dino} ..
[12:20] {dino} joyg sm l .70
[12:25] {Threei} ok ARBA
[12:25] {magoo} arba new high
[12:25] {Threei} jump over .90 and I am soo out
[12:27] {magoo} where u waiting and be honest so i can be penny under
[12:30] {GeoArb} can i share something
[12:30] {dino} joyg stop to b/e
[12:30] {GeoArb} sooooo when i stopped out on FCEL
[12:30] {dino} daughter wants to go to lunch
[12:30] {GeoArb} i closed ARBA out for a loss too
[12:31] {GeoArb} and have been wiistfully watching you guys :(
[12:31] {GeoArb} fat fingers
[12:32] {magoo} let winner win and ditch loser
[12:33] {GeoArb} i closed arba at 14.21 by mistake
[12:33] {GeoArb} i am going to rememner that
[12:34] {magoo} good mistake ikf u learn something
[12:35] {dino} to .99 joyg back in 30
[12:39] {Threei} some oil market observers question the reliability of todays inventory data
[12:39] {Threei} no kidding
[12:45] {Threei} anyone went for KLAC when it pulled back into 46?
[12:49] {Threei} ok, everyone's in coma
[12:51] {Threei} trailing ARBA to .65
[12:54] {Threei} BA
[12:54] {Threei} ANNOUNCES 30 NEW ORDERS FOR 737S FROM UNIDENTIFIED CUSTOMERS
[12:54] {Threei} aren't airlines in ruins?
[12:55] {Threei} sorry, forgot you are all in coma...
[12:55] {Threei} osbo, tangrick... talk to me guys, these sleeping beauties make me drowsy too
[12:55] {Threei} but I can't blame them, I annoyed them over the course of years
[12:56] {_osbo} mmmmmmmmmmm
[12:56] {GeoArb} i am busy whittling down my fat fingers
[12:56] {_tangrick} still here
[12:56] {Threei} they come here to sleep, and I bother them with all the stock picks
[12:56] {Threei} or trading lectures
[12:56] {Threei} but if I mention beer, or vodka, or bbqued ribs... just watch life coming back
[12:57] {GeoArb} cant you just put the trading money in our accounts? :)
[12:57] {_tangrick} watching and learning
[12:57] {Threei} don't hesitate to ask questions if got any
[12:57] {Threei} no Geo, sorry
[12:57] {magoo} beer????
[12:57] {GeoArb} seriously vad...... you need to open an IB friends and family account
[12:57] {GeoArb} vodka?
[12:57] {magoo} bbq??
[12:57] {Threei} I am firm believer in learning how to fish vs handing fish out
[12:57] {Threei} there... see?
[12:58] {_osbo} this is my first time in this kind of room, im just trying to figure out your trading approach
[12:58] {GeoArb} its not trading that counts.... its what you can eat/drink from trading
[12:58] {Threei} first idea is at Freelessons on our homepage
[12:58] {GeoArb} get the tape reading bok
[12:58] {GeoArb} solid
[12:58] {_osbo} thanks
[12:59] {Threei} IMO, MPP and TTR will put you on right course no matter what trading style and timeframe you pick
[12:59] {_tangrick} i have...that's how I got to know this site
[12:59] {Threei} oh, and blog too
[12:59] {Chaeron} sorry I've been on phone guys... didn't post... ARBA in .52, out .78 for +0.26
[12:59] {GeoArb} (lets not talk ARBA)
[13:00] {Chaeron} oh, sorry Geo... we'll make up for it on next one, you'll see
[13:00] {GeoArb} :)
[13:00] {Threei} after that, if you stay with day trading/scalping, video course will polish it all off
[13:00] {Threei} if move into swing trading area, some deeper TA maybe needed
[13:01] {Threei} not too much though
[13:01] {Threei} TA is a wierd animal... good helper if you stay with general understanding of tape reading principles, and can turn into foe if start relying on it as sole guidance
[13:02] {_tangrick} can one tape reading without level II?
[13:02] {Threei} tape reading is not time frame specific
[13:02] {Threei} its principles can be app,lied to any time frame, from intraday to monthly
[13:02] {Threei} and Level 2 is intraday tool
[13:03] {Threei} it's useless for anything but daytrading, and its role is limited to risk evaluation and some fine-tuning of your entries and exits
[13:03] {Threei} by no means it's a directional tool
[13:03] {Threei} try to use it for direction, you are doomed to trade for one-two ticks
[13:03] {Threei} which is great way to make your broker rich
[13:04] {Threei} I don't mind helping out broker... but only if I make money {G}
[13:04] {Threei} let me dig out blog post on tape reading
[13:05] {Threei} dealing with one of major misunderstandings about this approach
[13:07] {Threei} http://www.realitytrader.com/blog/2007/11/whats-in-name-or-what-is-tape-reading.html
[13:07] {_tangrick} thanks
[13:07] {Threei} sure
[13:07] {Threei} humor is crude... but that's my hallmark
[13:11] {_tangrick} I have read your book but still learning to apply. BTW i find your examples with stock prices showing fraction difficult to read. Is it normal to states price in fraction than decimal?
[13:11] {Threei} TTR was written during fraction times
[13:11] {_tangrick} ic
[13:11] {Threei} nothing really changed in principle
[13:11] {GeoArb} no new edition vad?
[13:11] {GeoArb} :)
[13:12] {Threei} it's just different presentation
[13:12] {Threei} all classic books you read will be in fractions
[13:13] {Threei} 1/4 = 25 cents... 1/8 = 12.5 cents...
[13:13] {Threei} blissful times
[13:14] {Threei} hit offer for 1K shares, offer it 3/8 higher, get hit in a few seconds, you made a living
[13:14] {Threei} do it twice, you made a better living
[13:15] {Threei} ARBA is stalling
[13:15] {Threei} second attempt to break, no go
[13:15] {Threei} tightening to .69
[13:15] {Threei} stop is now right under the closest support
[13:16] {Threei} if reverses for the day, profit is protected to its fullest
[13:16] {Threei} while still giving it a chance to go if it has any gas left
[13:18] {Threei} this social experiemnt becomes rather fascinationg... let's try it again:
[13:18] {Threei} vodka
[13:19] {GeoArb} which brand vad?
[13:19] {Threei} works
[13:19] {Chaeron} RAW
[13:19] {Threei} thank you
[13:19] {magoo} vodka???
[13:19] {magoo} iCE?
[13:19] {Chaeron} no... never.. out of freezer
[13:19] {Threei} right
[13:19] {GeoArb} stoli
[13:20] {Chaeron} if you have inferior brand, place peppercorns (4 - 5) in bottle and leave in freezer
[13:20] {GeoArb} very nice chaeron
[13:20] {dino} rexi
[13:21] {GeoArb} chaeron i need to visit you !!!!
[13:21] {Roman} 21 out JRJC 1.45
[13:22] {GeoArb} learning stocks and vodka........beautifull room
[13:22] {dino} \jrjc
[13:22] {dino} nice rfr
[13:23] {Threei} JRJC
[13:23] {Threei} REPORTS Q1 $0.18 V $0.13E, R$11.05M V $10.4ME
[13:23] * Threei sends http://www.realitytrader.com/vad/Shishkebab11.jpg to magoo to go with his shot of Stoli
[13:24] {GeoArb} hey !!! stoli was mine
[13:24] {Threei} I'll stay away from your parties though... do you really want this guest among your refined crowd: http://realitytrader.com/vad/CrazyRussian.bmp
[13:25] {Threei} done with ARBA
[13:26] {GeoArb} sniff ARBAAAAAAAAA
[13:26] {Chaeron} short it? :)
[13:26] {Threei} no idea
[13:26] {dino} rexi s .71
[13:26] {GeoArb} wassap with JRJC
[13:26] {Threei} [13:23] {Threei} JRJC
[13:26] {Threei} [13:23] {Threei} REPORTS Q1 $0.18 V $0.13E, R$11.05M V $10.4ME
[13:26] {GeoArb} oops :(
[13:27] {Threei} that's OK geo
[13:27] {Threei} I am very used to being ignored
[13:27] {Threei} and in fact quite comfortable with it
[13:32] {dino} you say something?
[13:32] {Threei} naah
[13:34] {Threei} JRJC feels topped out... this last bounce is on drying up volume
[13:34] {Threei} .60 closest resistance
[13:34] {Threei} jumpy
[13:34] {Threei} if you try to short it, do small shares
[13:35] {dptl} not in short list
[13:36] {Threei} do big shares then
[13:36] {Threei} safety is garanteed
[13:58] {Threei} yawn
[14:01] {Chaeron} .
[14:03] {dino} gmet sm s .87
[14:05] {Threei} what's TASR's problem
[14:05] {Threei} making 52 week lows slwoly
[14:06] {GeoArb} lots nes about safety
[14:06] {GeoArb} news
[14:06] {Threei} I would short it on 7 break if it wasn't so narrow
[14:06] {Threei} still holding half of PEIX short
[14:06] {Threei} look who dropped by
[14:06] * Threei slaps laserdave1 around a bit with a large trout
[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:07] * magoo slaps laserdave1 around a bit with a large trout
[14:08] {laserdave1} why thanks
[14:10] {GeoArb} dave.. sent you an email
[14:15] {dino} rexi stopped -.40
[14:20] {dino} gmet stopped .03
[14:23] {laserdave1} got it thanks geo
[14:23] {laserdave1} dcc if u need to talk to me
[14:23] {magoo} get this dave
[14:24] * magoo slaps laserdave1 around a bit with a large trout
[14:24] {laserdave1} got it
[14:24] {laserdave1} thanks
[14:24] {GeoArb} heh
[14:36] {Chaeron} we flat other than PEIX short?
[14:36] {Threei} I am
[14:36] {magoo} i got nada
[14:36] {magoo} waiting for vad to get off treadmill and backj to work
[14:39] {Threei} REMINDER: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK AT A WORKSHOP ON "RISK TRANSFER MECHANISMS AND FINANCIAL STABILITY" AT 2:30PMET- Bernanke's remarks will be given via video conference and are expected to be identical to a May 13 speech at a similar event. There will be no Q&A.
[14:41] {Threei} scanner slowed down to a crawl
[14:41] {Chaeron} shoot... I had a question for him... *sigh*
[14:42] {Threei} oh, I havfe a lot
[14:44] {Threei} starting with "how about abolishing your esteemed organisation altogether"
[14:44] {Chaeron} "Yeah right" he'd answer... "How would I make my mortgage payments?"
[14:45] {Threei} ummm
[14:46] {Threei} all McDonalds are closed in his neighborhood?
[14:46] {Threei} him flipping burgers would be at least some useful contribution
[14:55] {magoo} its time......................................
[14:55] {Threei} for?
[14:58] {Threei} RIMM .19 short if stays under .35
[15:01] {dino} fwlt l .00 sm
[15:06] {Chaeron} and RIMM disqualifies itself......
[15:12] {Threei} SATC interesting
[15:12] {Threei} tends to pul back closer to eod
[15:13] {Threei} will be interested in long around .60
[15:21] {Threei} MLN
[15:21] {Threei} HEARING DEALREPORTER REPORTS APPROACHED AS TAKEOVER CANDIDATE- DealReporter speculates LLY as potential acquire
[15:21] {Threei} AMLN
[15:25] {dino} amln
[15:26] {dino} s .65
[15:29] {Threei} beautiful
[15:29] {dino} cov .10, +.55
[15:32] {Threei} dp, look dcc please
[15:53] {dino} ok calling it a day thanks all
[15:53] {magoo} me too, ty
[15:53] {Threei} thank you all
[15:53] {dptl} have a good evening all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {peterg} bye

Wednesday, May 28, 2008

May 28 2008

Session Time: Wed May 28 00:00:00 2008

[08:34] {hawkfan4} good morning
[08:36] {Threei} Good morning
[08:41] {hawkfan4} hi Vad. Airline stocks popping again off the oil drop
[08:43] {Threei} kind of hard to find a good trading candidate among them
[08:43] {Threei} you like any of them?
[08:44] {Threei} all I observed acted viscously
[08:44] {hawkfan4} i know, UAUA seems to have the most room to run
[08:45] {peterg} gm...
[08:45] {Threei} peter :)
[08:56] {Threei} oil around 126.50?
[08:56] {hawkfan4} 126.80
[08:56] {magoo} mornink copmrades in arms
[08:57] {Threei} lol, who would have thought it could be a price to feel some relief about
[08:57] {Threei} magoo :)
[09:03] {Threei} TGAL
[09:03] {Threei} RECEIVES ENDEAVOR AT(TM) PVD TOOL ORDER FROM MAJOR GLOBAL MAKER OF DISCRETE AND ANALOG SEMICONDUCTOR COMPONENTS
[09:03] {Threei} used to be an interesting player
[09:04] {Threei} Raven's favorite
[09:08] {fernp} good morning
[09:09] {Threei} fern :)
[09:15] {Threei} CSCO
[09:15] {dino} gm all
[09:15] {Threei} CEO SAYS EXTREMELY COMFORTABLE WITH A 12%-17% LONG-TERM GROWTH TARGET
- Adds now has more clarity on how to achieve long-term growth targets
[09:15] {Threei} - Notes that most likely scenario would be for economy improving at the end of 2008
[09:15] {GeoArb} gm
[09:15] {Threei} Geo :)
[09:17] {Threei} guys, website migrated to new server, so far all elements seem to be working fine... if you stumble onto something missing, broken link etc, please let me know
[09:17] {GeoArb} ummm now that you have migrated
[09:17] {GeoArb} remember about the scan links :D
[09:18] {Threei} ahha
[09:18] {Threei} I knew I've forgotten something
[09:18] {Threei} will get to it, ty
[09:20] {Threei} I tweaked JBE settings vs standard, works better, gotta out it there
[09:20] {Threei} still need to work on Capitulation window, not very happy with it
[09:25] {fernp} vad, in your blog the link to "Today's Trading Room Log" doesn't work
[09:29] {Threei} ty, will correct
[09:32] {Threei} watching CSCO and QCOM
[09:32] {Threei} QCOM .91 long if holding above .80
[09:33] {Threei} keep an eye on NQ
[09:33] {Threei} need its help
[09:34] {Threei} CSCO 26 break if holding above 25.90
[09:35] {Threei} QCOM invaliadetd for now
[09:38] {Threei} FLIR
[09:38] {Threei} .54 break long
[09:38] {Threei} half lot
[09:38] {Threei} if stays above .35
[09:40] {Threei} most likely not a scalp
[09:40] {Threei} with any NASDAQ help capable of more
[09:44] {Threei} come on NASDAQ, raise your head
[09:47] {magoo} if IF naz raises head..RIMM bounce
[09:47] {magoo} not looking good yet
[09:47] {Threei} ugh
[09:47] {Threei} stopped FLIR
[09:51] {magoo} l rimm .45
[09:51] {magoo} sorry fast
[09:53] {Threei} good entry
[09:53] {magoo} out here .80
[09:53] {Threei} wtg
[09:54] {magoo} ty
[09:57] {esemde} Ok...good morning...had to get our to camp Thunderbird....hope it doesn't rain
[09:57] {Threei} ese :)
[09:57] {esemde} morning Vad
[09:58] {dino} cedc
[09:58] {esemde} hmmm thats "daughter" to camp
[09:59] {Threei} you still in FCEL?
[09:59] {magoo} es:)
[09:59] {esemde} yes 1/2 lot
[09:59] {Threei} hit over 9.80
[09:59] {Threei} DRIV
[10:00] {Threei} half lot long .50
[10:00] {esemde} I see that....we'll just hang around a little bit and see what happens
[10:00] {Threei} if stays above .35
[10:00] {esemde} yes
[10:00] {esemde} your back in?
[10:00] {Threei} no
[10:02] {dptl} good morning all
[10:02] {esemde} dp
[10:02] {Threei} dp :)
[10:03] {dino} cedc sm l .20
[10:08] {Threei} oil seems to becoming major market mopving factor
[10:08] {Threei} USO spike
[10:08] {Threei} watch NASDAQ dropping
[10:08] {esemde} moves my vehicle....why not the market....
[10:08] {Threei} really
[10:09] {esemde} oh all right.....just kidding......i usee water in my trooper....little know secret
[10:10] {dino} lol es
[10:11] {esemde} nice bounce CEDC dino.....when do you decide to exit
[10:12] {Threei} anyone holding PEIX short?
[10:12] {esemde} not I
[10:13] {dino} out cedc .75, +.55
[10:14] {Threei} wtg
[10:14] {esemde} nice dino.....what is your exit decision?
[10:15] {Threei} {dino} enough for nice lunch
[10:15] {esemde} ha ha ha ha........good one.....
[10:16] {dino} weakened at 70, moved stop tighter
[10:17] {dino} double bottom maybe
[10:17] {magoo} vad, we trusting/using inet today or arca?
[10:17] {Threei} everything works so far
[10:20] {Threei} again, loook at USO spike and NASDAQ drop
[10:20] {dino} waiting 68.41
[10:22] {Threei} trying to see if there is a lag between USO and QID
[10:22] {Threei} so we could play QID off USO moves
[10:22] {dino} 4 letter lag q-u
[10:24] {dino} ok sm l .41 too soon
[10:25] {dino} ivgn
[10:26] {dino} stopped cedc -.41 there goes lunch
[10:27] {Chaeron} good morning all
[10:27] {Threei} chaeron :)
[10:28] {magoo} chaer broil:)
[10:28] {Chaeron} heheh
[10:29] {magoo} RIMM stronger than naz vad
[10:29] {Threei} CSUN again?
[10:29] {Threei} Phoenix...
[10:29] {esemde} morning CH
[10:30] {Chaeron} hiya ese
[10:31] {Threei} RIMM wortn a try here with .85 stop mags
[10:31] {magoo} id like it more @ .50 area
[10:31] {dino} cedc rinsed
[10:31] {magoo} 136.50 that is
[10:32] {Threei} would be nice but USO is dropping
[10:32] {magoo} ahh
[10:33] {Threei} hectic moves
[10:35] {dino} hurc l sm .01, stop lod
[10:35] {magoo} FLIR tries
[10:39] {dino} sigm l .25 sm, stop .94
[10:42] {Roman} 21 ANKS
[10:42] {Roman} 21 animial
[10:42] {Roman} 21 wants 7.4
[10:42] {Threei} AKNS?
[10:42] {Roman} 21 AKNS
[10:42] {Roman} 21 sorry
[10:42] {Threei} got upgraded with target 13 or something like that
[10:44] {Roman} 21 i am bidding on pullback to 6.75
[10:45] {Roman} 21 VVUS vad?
[10:46] {Threei} nothing new, overcomes new shares offering news
[10:47] {Threei} 7.25 ysterday high, 7.32 from last week
[10:48] {Threei} not sure... volume is drying up on it
[10:50] {Threei} AKNS doesn't seem to want to pullback really
[10:55] {fernp} out GVHR +.40
[10:55] {Threei} wow
[10:55] {Threei} wtg
[10:57] {magoo} RIMM interesting here
[10:57] {magoo} in long .35 just now
[10:58] {dino} sigm stopped -.28
[10:58] {Threei} AKNS seems to move opposite to market
[10:58] {Roman} 21 long USU
[10:59] {Roman} 21 slow , 1/2 size 6.60
[11:00] {dino} cedc sm l .25, stop .94
[11:03] {dino} hurc stopped
[11:06] {magoo} mkt almost killed my rimm long
[11:06] {magoo} waiting .71
[11:10] {judijim} gm all
[11:10] {Threei} jj :)
[11:14] {magoo} god dammit..03 cents off my exzit
[11:15] {Threei} ugh, I thought you shrugged and hit it
[11:15] {magoo} god damm phone call
[11:15] {Threei} was too close to your exit to let it slip away
[11:16] {Threei} no way I would have picked up phone while in RIMM
[11:16] {Chaeron} running again for you I hope magoo
[11:17] {magoo} out .71
[11:17] {magoo} ty gyuys
[11:18] {magoo} +.36
[11:18] {Threei} whew
[11:20] {Threei} and just in time for another market drop
[11:21] {dino} fstr l .00, stop lod
[11:21] {magoo} lucky..it was like 2 trades really..pulled back .27 area
[11:21] {Threei} Roman, still interested in AKNS?
[11:25] {Roman} 21 yes
[11:31] {dino} hurc blood
[11:32] {Threei} !@#$%
[11:33] {Threei} hesitated to call AKAM break at 37.78
[11:33] {Chaeron} short that one?
[11:33] {Chaeron} oh man... nice one too
[11:34] {magoo} he who hesitates forever feels slow to respond
[11:34] {Threei} CSIQ
[11:35] {Threei} 39.10 long half lot
[11:36] {Threei} stop under .90
[11:39] * Threei dangles carrot in front of CSIQ nose
[11:39] {Chaeron} hmmm... different... no boot, 2x4?
[11:41] {Threei} trying gentle approach
[11:41] {GeoArb} ahh a gentle russian
[11:41] {magoo} like magoo
[11:41] {GeoArb} dry rain
[11:42] {magoo} is that a mixed drink?
[11:42] {GeoArb} :)
[11:48] {magoo} jumpy lil bugger
[11:51] {Threei} half out CSIQ .50
[11:51] {Threei} +.38
[11:52] {peterg} very nice
[11:52] {Threei} ty
[11:52] {Threei} I have my moments
[11:52] {Chaeron} and carrot didn't hurt either :)
[11:52] {Threei} lol
[11:52] {GeoArb} profitable moments?
[11:52] {GeoArb} or gentle moments?
[11:52] {magoo} waiting .68
[11:52] {magoo} kickin it
[11:53] * Threei hangs another carrot at 35.85 and closes his eyes
[11:53] {Threei} 39.85 that is
[11:53] {GeoArb} lol
[11:53] {Chaeron} CSIQ in .11 out .57 +0.46 ... many thanks Vad
[11:53] {Threei} welcome sir
[11:53] {GeoArb} almost sounds romantic
[11:53] {peterg} the romance of the market!
[11:54] {Threei} great... now I am gentle AND romantic??
[11:54] {Chaeron} the softer side of Vad
[11:54] {GeoArb} lets talk feelings...
[11:54] {Threei} eeck
[11:54] {peterg} gasp
[11:55] {dino} cme ouch
[11:55] {GeoArb} wow
[11:56] {Threei} met dave for dinner yesterday btw... his first words were "lordy... you won't get offeneded if I look other way while we eat? your look is perfect appetite suppressant"
[11:56] {Threei} so... not much in gentliness and romance department {G}
[11:56] {Chaeron} dang... harsh
[11:56] {GeoArb} lolol
[11:56] {GeoArb} i always liked dave
[11:56] * Threei slaps laserdave1 around a bit with a large trout
[11:56] * Chaeron slaps laserdave1 around a bit with a large trout
[11:56] {GeoArb} hey dave any time you wanna come to LA to play poker let me know
[11:57] {magoo} out ty vad
[11:57] {Threei} welcome
[11:57] {magoo} + .63
[11:57] {magoo} in 03
[11:57] {Chaeron} nice one mags
[11:57] {Threei} but I made him pay for dinner... so it worked out fine
[11:57] {GeoArb} heh
[12:07] {GeoArb} off to work.... good trading all
[12:07] {Threei} take care Geo
[12:07] {Chaeron} bye Geo
[12:07] {GeoArb} btw CBRL interesting
[12:09] {Threei} corrected the broken link fern, thanks again
[12:09] {magoo} bye geo
[12:20] {fernp} yes, now works fine. welcome.
[12:24] {Threei} finally CSIQ
[12:24] {Threei} out +.73
[12:25] {Chaeron} beauty
[12:29] {Threei} trying to get a feel on AKNS
[12:29] {Threei} is it time to grab it or not
[12:31] {Threei} I guess .81 worth a try with .74 stop
[12:50] {Threei} wow... CSIQ
[13:03] {dino} nile
[13:05] {Chaeron} euphrates
[13:05] {Threei} lol
[13:05] {Threei} watching SOLF
[13:05] {dino} lol slow
[13:06] {dino} denialo
[13:06] {Chaeron} :)
[13:06] {dino} x the o
[13:06] {dino} sohu
[13:09] {Roman} 21 long ESLR
[13:09] {Roman} 21 10.88, 1/2
[13:10] {Threei} VVUS new highs
[13:11] {Threei} t kind of statement is that:
[13:11] {Threei} what kind
[13:11] {Threei} FED'S STERN: TAKES RESPONSIBILITY TO MAINTAIN FINANCIAL STABILITY SERIOUSLY
[13:12] {Threei} is this an optional for feds?
[13:12] {Threei} some decide to take it seriously, others don't
[13:17] {dino} wow thats news
[13:44] {magoo} ,
[13:53] {magoo} ..
[13:53] {Threei} ...
[13:54] {Chaeron} hey!!!! I gotta sweep that stuff up after the close!
[13:54] {Threei} magoo's fault
[14:11] {Threei} AOLF, watch for pullback into .50 or so for ,long
[14:11] {dptl} solf?
[14:11] {Threei} SOLF, sorry
[14:12] {dptl} i though so:)
[14:12] {Threei} CSIQ spiking agaibn, may not get pullback on SOLF
[14:14] {dino} cedc stop to .80
[14:17] {dino} slip out .74, _
[14:17] {dino} +.49
[14:20] {Threei} oil above 130 again
[14:20] {Threei} my yesterday's suspicion that we got just abrief break unofrtunately was right
[14:21] {Threei} this is the case where I would be oh so happy to be mistaken
[14:21] {magoo} we missed a helluva reversal in fslr..13 points
[14:22] {Threei} I don't give a crap about FSLR
[14:22] {Threei} it's not a stock where you can control risk
[14:22] {Threei} we haven't missed reversal in solars, have we?
[14:22] {Threei} but FSLR will be the last one I would trade in the group
[14:25] {Threei} PEIX, covering half
[14:25] {Threei} short from yesterday's 4.10 entry
[14:26] {hawkfan4} nice job
[14:26] {Threei} ty
[14:26] {magoo} i don't give a crap about a hold from yesterday (as magoo runs for cover w/vodka bottle in hhand)
[14:27] {Threei} you better
[14:27] {magoo} better give a crap or run?
[14:29] {Threei} run... and leave that vodka right where you are
[14:31] {dino} it's in the freezer
[14:32] {Threei} locked?
[14:32] {Threei} 'cause with magoo around, you know...
[14:33] {magoo} was so drunk last nite...woke up to cell phone ringing in the freezer and bottle of vodka on night stand
[14:34] {Chaeron} roflolpip
[14:41] {Threei} AOLF into support
[14:41] {Threei} SOLF
[14:42] {Threei} want top see CSIQ spiking again and SOLF starting upticking
[14:42] {Threei} .61 long with stop under .50
[14:43] {Threei} CSIQ new high
[14:48] {Threei} stubborn seller at .64
[14:50] {dino} fstr stop to .19
[14:50] {dino} .18 i mean
[14:50] {dino} sharapova on the tv
[14:51] {dino} tennis match w/rodina
[14:51] {Threei} no worky SOLF this time
[14:54] {dino} back in 10
[14:54] {dino} stop to .20
[15:12] {Threei} wtaching CSIQ/SOLF pair to see if we get one more play off them
[15:13] {Threei} CSIQ is leading
[15:13] {Threei} if spikes sharply for end of day run, SOLF is likely to follow
[15:13] {magoo} and the better range
[15:16] {Threei} oil inventory numbers moved to tomorrow because of short week
[15:18] {Threei} ugh... missed SOLF under .80
[15:18] {Threei} really looked like one more leg down
[15:19] {magoo} any read aapl?
[15:19] {Threei} none
[15:20] {dino} jaso l .09
[15:23] {magoo} man CSIQ is nasty
[15:24] {Threei} that's your broad range
[15:26] {Threei} can't believe I stalked SOLF tick by tick and missed it, lol
[15:28] {dino} out jaso .14, +.05
[15:32] {dino} sm s gvhr .50
[15:34] {magoo} u gotta focus on easier stox like bidu..fslr he he
[15:34] {Threei} yup, that's what I plan to do in my 9th lifetime
[15:49] {dino} cov gvhr .40, +.10
[15:53] {magoo} oik ty vad everyone c u tomorrow
[15:54] {Threei} thank you all
[15:54] {dino} take care all, tee time in 30
[15:54] {Threei} have a good evening, see you tomorrow
[15:55] {dptl} have a good evening all:)
[16:18] {judijim} take care, check in tomorrow have a good evening

Tuesday, May 27, 2008

May 27 2008

Session Time: Tue May 27 00:00:00 2008


[08:24] {Threei} 05/23/08 04:52pm [VVUS] Files $150M common stock offering - Filing
[08:25] {Threei} here goes rally killer for little VVUS
[08:40] {magoo} morning
[08:40] {magoo} had to use alternate to enter room today vad fyi
[08:41] {Threei} good morning
[08:42] {Threei} can you reach http://www.realitytrader.com/ ?
[08:42] {peterg} GM--let's see....
[08:43] {Threei} peter :)
[08:43] {Threei} AVNR
[08:43] {Threei} REPORTS POSITIVE OUTCOME FROM ZENVIA PK STUDY- The study achieved its goal of identifying a new Zenvia dosing regimen that provides a similar pharmacokinetic profile of the dextromethorphan component, an improved adverse event profile and a lower overall exposure to quinidine compared to the previously studied doses. AVANIR believes that these study results can be used to enhance its worldwide intellectual property protection and intends to release detailed data, including PK parameters
[08:44] {magoo} yes i can vad
[08:44] {Threei} OK... I seem to be the only one who can't {G}
[08:45] {magoo} usually im the only one
[08:45] {Threei} how did the race go mags?
[08:47] {Threei} •In energy news, according to the U. S. Department of Transportation, the number of miles traveled on U.S. roads fell by 4.3% in March from a year earlier, sharpest yearly drop on record and the first decline in the month of March since 1979, when the last major oil shock hit drivers.
[08:49] {magoo} josh is one of top 58 riders in north east region, but we did not make the final cut of top 7 out of 58 to lorretta lynns, but good experience and home safe..thank u for asking
[08:50] {Threei} :)
[08:52] {magoo} how was market action thurs & friday?
[08:52] {magoo} up? down/
[08:52] {Threei} quiet but profitable
[08:53] {Threei} narrow, a bit down
[08:57] {Threei} new blog post at http://www.realitytrader.com/blog/2008/05/there-are-things-in-trading-that-run.html
[08:58] {Threei} FED'S KROSZNER: MAJORITY OF THE US HOUSING MARKET WILL STABILIZE BY THE END OF THE YEAR
[08:58] {Threei} I can't wait
[08:59] {Threei} if not for ecionomy sake, then simply to stop being harassed by this barrage of housing news
[09:00] {Threei} MAR S&P CASE-SHILLER COMPOSITE-20 Y/Y: -14.4% V -14.2%E; HOME PRICE INDEX: 172.2 V 175.9 PRIOR
[09:04] {Threei} let's keep half eye on AVNR
[09:04] {Threei} small biotechs did well lately
[09:04] {Threei} 1.40 is important resistance for it to break
[09:05] {tomg} good morning
[09:05] {Threei} if consolidates closer to it, forms tight range with nice small stop size, will be worth a try
[09:05] {Threei} tom :)
[09:05] {tomg} had to use alternate server today, vad
[09:05] {Threei} VVUS is shortable, let's keep it on radar as well
[09:05] {Threei} yes tom, me too
[09:06] {tomg} can connect to realitytrader.com but new blog doesn't show up
[09:06] {Threei} right
[09:06] {tomg} just march 16 blog
[09:06] {Threei} propagation is wierd thing
[09:06] {Threei} try to eliminate www. from address bar
[09:06] {Threei} see if it works as http://realitytrader.com/blog/2008/05/there-are-things-in-trading-that-run.html
[09:08] {Threei} any luck?
[09:09] {tomg} didn't work, vad
[09:09] {Threei} OK... then have to wait until propagation reaches Google blogger
[09:09] {dino} gm all
[09:09] {tomg} seems there is no /05 directory
[09:10] {tomg} just /02 and /03
[09:10] {tomg} in /blog/2008 that is
[09:10] {Threei} dino :)
[09:10] {Threei} yes, it's just hasn't gottten indexed yet after website moved to a new server
[09:15] {dptl} good morning all
[09:15] {Threei} dp :)
[09:15] {Threei} as one tech guy explained to me, propagation of new IP through the internet is like propagation of vodka through your body - doesn't happen at once
[09:22] {dptl} Vad dcc pls
[09:24] {esemde} morning...anyone esle have problemsw logging on this morning
[09:24] {Threei} hi ese
[09:25] {Threei} gotta use alternative server
[09:25] {esemde} hi Vad
[09:25] {esemde} whats the alternative server?
[09:25] {Threei} if you are in, you used it :)
[09:26] {esemde} ah ha??
[09:31] {Threei} QTWW
[09:31] {Threei} QUANTUM AND ASOLA AWARDED $17 M SOLAR MODULE SUPPLY CONTRACT BY A LEADING GERMAN SOLAR SYSTEM SUPPLIER
[09:36] {Threei} CNSL half lot long .55 break
[09:36] {Threei} stop under .35
[09:37] {Threei} AVNR trying to consolidate for break
[09:40] {Threei} RIMM is interestingly weak
[09:40] {Threei} eyeing it for short on bounce
[09:41] {Threei} ugh... not even bouncing
[09:42] {GeoArb} hah i am in
[09:42] {GeoArb} gm
[09:42] {Threei} geo :)
[09:43] {magoo} news RIMM vad?
[09:43] {Threei} AAPL long as close to 183 as possible
[09:43] {Threei} no
[09:43] {esemde} watching LRCX for bstop .76
[09:46] {esemde} long .79...lousy fill
[09:47] {magoo} i caught AAPL .46 vad
[09:47] {Threei} partialed?
[09:48] {magoo} waiting over 184
[09:48] {Threei} it feels higher
[09:48] {Threei} market helps too
[09:49] {esemde} OUT LRCX .05
[09:50] {Threei} nice scalp
[09:50] {esemde} +.26
[09:50] {esemde} tks
[09:50] {esemde} full lot.....good way to start the week
[09:52] {dino} gj
[09:52] {esemde} tks
[09:53] {dino} nue sm l .75
[09:54] {Threei} CNSL no worky
[09:58] {Threei} ALTR .87 long if stays above .70
[09:58] {GeoArb} we are playing into the econo release?
[09:59] {Threei} I doubt it will trigger before the numbers
[09:59] {GeoArb} k
[09:59] {Threei} but if they are any good, trigger will be tagged
[09:59] {Threei} 1 min left
[10:00] {Threei} MAY CONSUMER CONFIDENCE: 57.2 V 60.0E
[10:00] {Threei} *APRIL NEW HOME SALES; 526K V 520KE
[10:01] {Threei} *MAY RICHMOND FED MANUFACTURING INDEX: -3 V 1E
[10:01] {Threei} mix of good and bad, but home sales seem to take priority
[10:02] {Threei} FCEL
[10:02] {esemde} LRCX... real daytrading stock this one....interesting to watch
[10:03] {Threei} .51 long
[10:03] {Threei} stop under .35
[10:04] {esemde} I like the look of the daily chart Vad FCEL....
[10:05] {Threei} ALRT stop to .75
[10:05] {Threei} ALTR
[10:05] {esemde} long 1/2 fcel as well
[10:05] {Threei} yes, feels capable of more than scalp
[10:05] {esemde} at .50
[10:05] {esemde} definately
[10:06] {esemde} sorry can't remember...was there news on it...FCEL that is
[10:07] {Threei} nope
[10:07] {dino} de l sm .99
[10:08] {Threei} QTWW got second life or what
[10:08] {Threei} tough one, not sure
[10:08] {Threei} mags, you still in AAPL?
[10:08] {magoo} second round yes
[10:08] {magoo} waiting .57
[10:09] {magoo} uu no like?
[10:09] {Threei} just prefer to partial
[10:09] {Threei} gotta protect profit on volatile ones
[10:09] {Threei} market looks like slow climb is in order
[10:09] {Threei} so I likey
[10:10] {Threei} but I likey safety as well
[10:12] {Threei} ALTR stop to .79
[10:16] {Threei} come on ALTR, break that high finally
[10:18] {Threei} good boy
[10:18] {Threei} FCEL anemic
[10:18] {magoo} where your exit?in it
[10:18] {Threei} half out on 23 break
[10:18] {Threei} which hopefully leads to a spike
[10:21] {dino} nue stopped -.48
[10:21] {magoo} me too
[10:23] {GeoArb} fcel out
[10:23] {Threei} yup, activity died on it
[10:24] {dptl} stopped fcel
[10:28] {esemde} I should be out but i'm not....I like the daily chart on FCEL...i'm giving it some breathing room today...
[10:29] {dino} joyg sm l .41
[10:30] {fernp} gm
[10:30] {Threei} fernp :)
[10:30] {esemde} fern
[10:30] {fernp} ese
[10:32] {Threei} market can't make up its mind here
[10:39] {Chaeron} good morning all
[10:39] {magoo} femp..chaer : )
[10:39] {Threei} chaeron :)
[10:40] {esemde} CCCCHHHHH BABY!!!!!
[10:40] {Chaeron} :) save me anything to trade?
[10:41] {esemde} not qa lot
[10:41] {esemde} not a lot....
[10:45] {Threei} CSUN
[10:45] {Threei} short on .40 breakdown
[10:45] {dino} out de .39, +.40
[10:46] {esemde} nice bounce play dino
[10:48] {Threei} IEA CHIEF ECONOMIST: IT WOULD BE 'VERY OPTIMISTIC' TO THINK OIL PRICES WILL FALL MUCH IN NEXT FEW YEARS
[10:49] {Threei} as far as I can see, all classic signs of bubble are in
[10:49] {dino} ty es
[10:49] {Threei} the only thing lacking to burst it is, there are still too many dissenting voices calling it a bubble
[10:49] {dino} tayd
[10:50] {Threei} when they give up and acknowledge oil will never stop...
[10:52] {dino} no, when my buddy starts to put in his own gas tank
[10:52] {Threei} I don't see anything fresh on TAYD
[10:53] {Threei} ARBA interesting
[10:54] {dino} niether do i, tayd
[10:55] {Threei} half out ALTR 23.02
[10:55] {Threei} scalpers take profit
[10:56] {Threei} oil under 130
[10:57] {Threei} what's with RNIN?
[10:58] {Threei} CSUN over .60, invalidated
[10:59] {dino} sina sm l .70
[11:13] {esemde} outta here for the day...see you all tomorrow...
[11:13] {Threei} take care ese
[11:13] {magoo} bye es
[11:13] {Chaeron} bye ese!!!
[11:13] {Chaeron} shoot... he's fast
[11:13] {Threei} wow ARBA
[11:15] {dino} out joyg .51 +.10
[11:19] {judijim} we're here, good morning all
[11:19] {Threei} hi jj
[11:19] {Threei} AAPL .21 long
[11:19] {Threei} if stays above 183
[11:23] {Threei} 1;1
[11:24] {GeoArb} chl
[11:29] {Threei} PEIX breaking Fri low
[11:30] {Threei} if .10 getting hit, want to short it with .26 stop
[11:34] {Threei} pretty much looks like market restored its natural relation with oil, doesn't it?
[11:34] {Threei} FCEL
[11:34] {Threei} HEARING SHARES INITIATED WITH A BUY RATING AT THINKPANMURE; PRICE TARGET $13
[11:37] {dino} oil down, market down
[11:37] {dino} ?
[11:37] {Threei} that was unnatural one
[11:37] {Threei} last days it gets back to moving in opposite directions
[11:37] {dino} dji is down, oil is down2 bucks
[11:38] {Threei} NASDAQ's up, and if you look at charts, they are pretty much matching in reverse
[11:44] {Threei} RACK half lot short .58
[11:45] {Threei} if stays below .75
[11:46] {Threei} 11:11am [RACK] Slides lower on chatter RACK lost business from Amazon.com
[11:46] {magoo} basically invalidated
[11:47] {Threei} yeah
[11:47] {Threei} even if doesn't break .75, looks questionable
[11:49] {Threei} don't know what to make of FCEL
[11:49] {Threei} chart and upgrade look nice,
[11:49] {Threei} energy sector weakness doesn't really play into this move
[11:54] {Threei} http://www.realitytrader.com/blog/2008/05/there-are-things-in-trading-that-run.html works OK now
[11:59] {Threei} PEIX is haunting me
[12:00] {Threei} had short idea from last week, and never found right entry
[12:00] {Threei} which of course is painfully obvious now in hindsight
[12:07] {Threei} PEIX if triggers has two resistance levels now,
[12:07] {Threei} .21 for scalpers and .26 for longer hold
[12:24] {Threei} does that link above work for everyone?
[12:24] {Threei} everyone who isn't asleep that is
[12:24] {magoo} not here
[12:25] {hawkfan4} yes indeed, worked for me
[12:25] {Threei} ty hawk
[12:25] {Threei} mags... tried just now?
[12:26] {Threei} what about http://www.realitytrader.com/blog?
[12:26] {magoo} ok..worked just now vad
[12:26] {Threei} :)
[12:38] {Threei} RIMM formed resistance at .50
[12:38] {Threei} if market picks up, break of it is long
[12:38] {Threei} desirable if holding above .30
[12:40] {Threei} so far so good
[12:40] {Threei} need NQ to take 1975
[12:41] {dino} joyg l .08, sm
[12:57] {magoo} mkts trying
[12:57] {Chaeron} was RIMM invalidated?
[12:57] {Threei} yes
[12:57] {Chaeron} *sigh*
[12:58] {Threei} went down to .10
[13:26] {Threei} quite fragmented move
[13:26] {Threei} I am trying to find leading sector, not very easy
[13:27] {Threei} techs seem to be leading the move, but a lot of usual suspects don't do much
[13:27] {Threei} BRCM looks like amoeba
[13:27] {Threei} NVDA like dead amoeba
[13:27] {Threei} QCOM is one of the strongest
[13:33] {magoo} INET quotes down
[13:37] {Threei} problem with charts too it seems
[13:37] {Threei} stopped updating
[13:39] {dino} joyg stop to .48
[13:39] {dino} out +.40
[13:42] {Threei} dino, take a look at USO and NQ
[13:43] {Threei} probably a new pattern to observe and exploit
[13:43] {Threei} well... return to old one rather, lol
[13:44] {Threei} US ENERGY SEC BODEMAN: FAVORS TAX CREDITS FOR RENEWABLE ENERGY THAT WOULD "COME TO AN END"
[13:44] {Threei} hmm?
[13:44] {Threei} I ned interpreteur
[13:45] {magoo} ive got a satuck inet sell ordere vad..u know any way to cancel it?
[13:45] {Chaeron} hmmm... renewable that comes to the end? or the tax credits that will come to an end... sheeesh...
[13:45] {Threei} says invalid exchange method
[13:45] {Threei} INET is offline
[13:45] {magoo} yes
[13:46] {Threei} that's what confuses me chaeron
[13:47] {magoo} if i sell it in arca..will it fill me short in inet?
[13:47] {Threei} we don't know orders status
[13:47] {Threei} no way to tell
[13:48] {Threei} if all orders got canceled when INET went offline, you are safe
[13:48] {Threei} if they are in and get filled while we have no reports, may find yourself short
[13:48] {Threei} if sell via ARCA meanwhile
[13:56] {dino} csiq
[13:56] {magoo} dam..missed RIMM with these data isues
[13:57] {Threei} I see no news CSIQ
[14:05] {Threei} QCOM
[14:05] {Threei} .80 long if market continues upward, and if stays above .70
[14:07] {dino} elon
[14:10] {Threei} go away PERT
[14:11] {Threei} jeez
[14:11] {Threei} oil drop again, new low
[14:13] {Threei} hopefully, we will see oil renamed to oyl soon enough
[14:14] {magoo} u placing orders thru arca here vad?
[14:14] {Threei} yes sir
[14:14] {magoo} in qcom .80
[14:14] {Threei} they say it's fixed but I like to be on a safe side
[14:15] {Threei} no reports on executions are in yet
[14:15] {magoo} well my order not canx yet?
[14:15] {Threei} nope
[14:15] {Threei} but message changed
[14:16] {magoo} what quote server u using?
[14:16] {Threei} 18
[14:18] {dptl} got to go....have a good evening all
[14:18] {Threei} take care dp
[14:19] {magoo} u 2 dp:)
[14:28] {dino} esni
[14:30] {dino} ensi
[14:30] {GeoArb} vad dcc
[14:35] {Threei} FED'S YELLEN: FED POLICY MAKERS FORECAST WEAK ECONOMIC GROWTH, WEAK GROWTH DATA ALONE NOT ENOUGH TO JUSTIFY RATE CUTS - COMMENTS TO REPORTS
- Notes that Fed must reverse rate cuts as economy improves, a 'significant' change to forecast needed for more cuts.
[14:36] {dino} cgrb
[14:43] {Threei} QCOM over 1:1
[14:46] {fernp} out QCOM +.15 and out QQQQ +.23 TY vad
[14:47] {dino} gj
[14:47] {Threei} welcome fern
[14:49] {magoo} u out qcom vcad?
[14:49] {Threei} yes
[14:49] {magoo} oops..ok
[14:50] {magoo} out .92TY
[14:54] {Threei} too early to ecide... but debating with myself holding PEIX short overnight
[14:55] {Threei} DAL, NWA, UAUA
[14:55] {Threei} all are trying to raise their heads as oil drops
[15:00] {Threei} 128.50 oil
[15:00] {Threei} nice to see
[15:01] {Threei} but honestly, I don'ty think we've seen a final top yet
[15:01] {magoo} vad dcc
[15:02] {dino} sm s ensi .74
[15:21] {dino} ensi bstop to .24
[15:28] {dino} cov ensi .25, +.49
[15:29] {Threei} tom, you here?
[15:36] {Threei} ok, NQ is climbing, but what is going up with it, aside of AAPL/RIMM?
[15:36] {cosmo} smoke?
[15:37] {Threei} I don't see much stocks to utilize, QID seems to be almost sole option to play it
[15:39] {Threei} geo, dcc
[15:46] {magoo} new message vad
[15:47] {Threei} yes
[15:47] {magoo} i gonna hbave to cut it...???
[15:50] {Threei} see dcc mags?
[15:51] {dino} gotta hop all, baseball game, thx for ideas.
[15:51] {Threei} take care dino
[15:59] {Threei} magoo takes prise as a luckiest son of a gun today
[15:59] {Threei} INET outage made him too much money, lol
[15:59] {Threei} tom has all the reasons to be happy about it too
[16:00] {fernp} good evening all. see you tomorrow
[16:00] {Threei} and even I got couple hundreds unplanned thanks to it
[16:00] {Threei} wierd, usually this kind of things works against traders
[16:00] {magoo} 3 points
[16:00] {Threei} take care fern
[16:00] * Threei slaps magoo around a bit with a large trout
[16:00] {magoo} absolutely..thought against me for sure
[16:01] {Threei} oh well... nice to get some break once in a while :)
[16:01] {Threei} and ese is going to be happy to see his FCEL up
[16:01] {magoo} yeah...will still be holding breathe into tomorrow
[16:02] {Threei} OK guys, thank you all
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow
[16:02] {magoo} u too boss
[16:02] {magoo} thanx again
[16:02] {Threei} welcome
[16:03] {Threei} too muc tension for short week, eh? :)
[16:03] {magoo} yeah..but profit takes sting out

Friday, May 23, 2008

May 23 2008

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

[08:01] {Threei} IVAN
[08:01] {Threei} RAYMOND JAMES INITIATES IVAN WITH OUTPERFORM- Price Target C$3
[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
[11:10] {Threei} ANNOUNCES $34.25M IN FINANCINGS, SELLING PREFERRED SERIES SHARES
[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] {Threei} HEARING CITIGROUP MAKING CAUTIOUS COMMENTS
[11:51] {esemde} ladies and gentlemen....as 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
[12:05] {Threei} FCC COULD ACT ON XM-SIRIUS MERGER BY END OF JUNE
[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} SUSPENDED TRADER IN DERIVATES VALUATION PROBE IN LONDON AFTER DETECTING OVERSTATED VALUATIONS
[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} OPEC AL BADRI: NOT WORRIED BY REPORTS OF FASTER THAN EXPECTED DEPLETION OF THE WORLD'S LARGEST OIL FIELDS
[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