November 21, 2007

Session Start: Wed Nov 21 00:00:00 2007

Session Time: Wed Nov 21 00:00:00 2007

[08:03] {Threei} CPSL REPORTS Q1 $0.08; R$25.3M V $10.5M Y/Y- China Precision Steel's new cold-rolled mill with 150,000 metric tons of design capacity is operating at 40% utilization. It is expected to reach 50% utilization by the end of calendar year 2007. The Company has plans to commence the construction of a third mill with 150,000 metric tons of capacity in the first quarter of 2008.
[08:06] {BillyD} morning Vad
[08:07] {Threei} morning :)
[08:09] {BillyD} enjoying your TTR again
[08:10] {BillyD} has much deeper meaning this time
[08:10] {Threei} you really are pushing me into reading it...
[08:10] {BillyD} lol
[08:10] {Threei} but I know what you mean
[08:10] {Threei} I recieve e-mails saying things like
[08:10] {Threei} it reads very differently with time and experience
[08:11] {Threei} getting deeper levels, more meaning
[08:11] {BillyD} yes
[08:11] {Threei} I take it as a great compliment, means book is really well written
[08:11] {Threei} not "flat"
[08:11] {BillyD} example...a trader must always be in continous learning and development
[08:12] {BillyD} whem we stop learning we close down the growth and capacity of our minds
[08:12] {BillyD} which can somewhat send us backwards by default
[08:12] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30AM ET
[08:12] {Threei} - Continuing Claims seen at 2.575M v prior 2.568M
[08:13] {Threei} or we simply fall behind
[08:13] {BillyD} yes
[08:13] {Threei} things change in markets,
[08:13] {Threei} not in fundamental way, but in tactical way
[08:13] {Threei} gotta roll with punches
[08:14] {Threei} mania in particular sector comes, you deploy different style of trading
[08:14] {BillyD} I think that is what takes the edge of tightness off
[08:14] {BillyD} flexible
[08:14] {Threei} right
[08:14] {Threei} mania ends, you go back to "regular" trading
[08:15] {Threei} when chinese stocks mania hit a while ago, my daily takeout increased by factor 3
[08:15] {BillyD} there is a difference between being disciplined in execution of trades and flexible in trading different mkts
[08:15] {Threei} would be a shame not to use such opportunity
[08:18] {BillyD} a key is finding your own edge or style of trading...setups you see that generate impulse to enter trade
[08:19] {Threei} bringing structure to chaos
[08:21] {BillyD} u don't have turkey day tomorrow right
[08:22] {Threei} no, ours happened at the end of Oct
[08:25] {Threei} what day(s) is market closed?
[08:25] {BillyD} tomorrow and half day friday
[08:25] {Threei} good thing I asked
[08:25] {BillyD} 1 pm ET on friday
[08:26] {BillyD} yes......
[08:26] {BillyD} do you know if your CPU is dual core or not
[08:26] {Threei} this holiday always gets me because of difference between Canada and US versions
[08:27] {Threei} how do I find that out? :)
[08:27] {BillyD} not sure
[08:27] {BillyD} age of your pc
[08:27] {BillyD} ?
[08:28] {Threei} year and half
[08:28] {BillyD} ok
[08:29] {Threei} it's customary built so I don't have any manufacturer manuals
[08:29] {BillyD} maybe if it says "AMD 64 X2" what I can tell from Google
[08:29] {Threei} no x2
[08:29] {Threei} says 3200+
[08:29] {BillyD} ok
[08:29] {Threei} whatever that means
[08:30] {Threei} it's 64 bit processor
[08:30] {BillyD} but AMD is faster than the single core Intel.....
[08:30] {Threei} *(CA) SEPT RETAIL SALES M/M: -0.2% V 0.0%E; LESS AUTO M/M: 0.1% V 0.3%E
[08:31] {Threei} maybe our loonie finally gives up
[08:31] {Threei} *INITIAL JOBLESS CLAIMS: 330K V 330KE; CONTINUING CLAIMS: 2.566M V 2.575ME
[08:31] {Threei} - Prior Continuing Claims Revised from 2.568M to 2.559M
[08:31] {Threei} yup, USD just shot up vs CAD... here is to hope
[08:32] {BillyD} the US debt gonna kill us globally
[08:32] {Threei} well, funny thing is so far it kills everyone else
[08:33] {Threei} it's like troubles are getting artfully exported
[08:33] {BillyD} kind of like cooking books
[08:33] {BillyD} sweeping under carpet
[08:33] {Threei} no, not really
[08:33] {Threei} everyone sees troubles
[08:34] {Threei} but heavy involvement of various world banks in subprime causes problems well outside of US borders,,
[08:35] {Threei} weakening dollar hits other countries first,
[08:35] {Threei} you will feel its impact later, when WalMart prices shoot up
[08:36] {BillyD} I see what u mean
[08:36] {BillyD} US can withstand losses a bit better
[08:37] {BillyD} they just print more bandaid money
[08:37] {Threei} whole world hopes so
[08:37] {Threei} well, except Chaves
[08:37] {Threei} :)
[08:37] {BillyD} yeah.....
[08:37] {Threei} well, printing banaid money gotta stop...
[08:37] {BillyD} printing more money just effects eventual debt problem
[08:38] {Threei} but for that someone would have to re-evaluate alan greenspan's legacy
[08:38] {BillyD} I saw him on TV prgram
[08:38] {Threei} and whole concept of monthly regulated interest rate
[08:39] {BillyD} and he said they were trying to raise interest rates but were too slow and was main reason we are in Real Estate fiasco
[08:39] {Threei} lol
[08:39] {BillyD} they made it too easy......a dash of greed and you know the rest
[08:39] {BillyD} greed from system players to the retail
[08:40] {Threei} everything is so clear in hindsight
[08:40] {Threei} but at the moment, they had a lot of pressing concerns making them lower rates
[08:40] {BillyD} greed is emotion....clouds judgement
[08:40] {Threei} and those concerns were very different
[08:41] {BillyD} yes with later effects
[08:41] {Threei} it's not that RE bubble bursted they see how they constructed it
[08:41] {Threei} not = now
[08:41] {Threei} back then they were saying great, rising re prices save our economy at the moment
[08:42] {BillyD} funny...all the things we learn in trading with emotions/discipline
[08:42] {Threei} cure vs illness anyone?
[08:42] {BillyD} is totally applicable to life
[08:42] {Threei} absolutely
[08:42] {BillyD} in trading....they are right in front of you...less forging or rewarding immediately
[08:42] {Threei} isn't it widelt acknowledged fact that rate change takes about 18 months to work its way through economy?
[08:42] {BillyD} in life provides life to denila
[08:43] {BillyD} denial
[08:43] {BillyD} yeaH...AND THEY HOPEW THE PSYCHOLOGICAL EFFECT WILL SUFFICE UNTIL WE GET THERE
[08:43] {BillyD} sorry
[08:43] {Threei} so how regulating them on monthly basis makes sense?
[08:44] {Threei} and how 11 hikes in a row, then 13 cuts in a row make sense?
[08:44] {BillyD} actually adds to nuerotcism
[08:44] {BillyD} too much volatility
[08:45] {BillyD} think about the childishness
[08:45] {Threei} they just added another factor in markets equation
[08:45] {BillyD} mkt gets rate cut.....immediately it iws ok when is our next one
[08:45] {BillyD} true another variable
[08:45] {Threei} no slightest evidence that since fed started regulating interest rate inflation is under more control or crises are less frequent
[08:46] {Threei} unpegging from gold standard is whole separate story
[08:46] {Threei} mad money printing/exporting
[08:47] {Threei} some business books have this analogy:
[08:47] {BillyD} well...it really comes down to the whole masses taking more responsibility for their lives, accountability, discipline, living within means, etc
[08:47] {Threei} you are trying to get the right water temperature in the shower with single handle
[08:47] {BillyD} lol
[08:47] {Threei} open it, it's scolding hot,
[08:48] {Threei} your first reaction is to turn it quickly to the opposite
[08:48] {Threei} water turns cold
[08:48] {Threei} you start controlling your movements
[08:48] {Threei} trying to get right temperature in the fork.
[08:48] {Threei} Eventually you succedd of course,
[08:48] {Threei} and it take certain time.
[08:49] {BillyD} a few burns here and there
[08:49] {Threei} So, this time is way longer
[08:49] {Threei} and effort is much greater
[08:49] {Threei} than it would be were you slowly moving the handle to the colder part of the range.
[08:49] {BillyD} isn't a system that feeds human weakness
[08:50] {Threei} it happenbs because of the delayed feedback
[08:50] {Threei} since temperature isn't changing immediately after your move,
[08:50] {Threei} you tend to overshoot target.
[08:51] {Threei} when you overshoot targets on each side and try to narrow the range of your movement, it's less optimal then slowly moving to the teraget and waiting for feedback to make its way through the system.
[08:51] {BillyD} the need for instant gratification
[08:51] {Threei} See analogy with 11 hikes, 13 cuts?
[08:52] {BillyD} yes
[08:52] {BillyD} back to same spot with big mess
[08:52] {Threei} yup
[08:52] {Threei} burned skin on one spots, frozen in otyhers
[08:53] {BillyD} man's need to always feel in control....reason to constantly monitor and change every month
[08:53] {BillyD} lol
[08:53] {Threei} read one bubble bursts, another is created
[08:53] {BillyD} what is next mania then?
[08:53] {cosmo} solar
[08:53] {Threei} I am buying all daffoldils I can get my hands on
[08:53] {BillyD} Global Warming
[08:54] {BillyD} just as Al Gore invented internet...GW next
[08:54] {Threei} tulips is too well known, daffodills is next best thing with different name
[08:55] {Threei} when each bulb of my King Alfred is sold for %199.99 you all will stop laughing
[08:57] {cosmo} once it costs only 30c per watt to make solar cells, we rock. Oil stays under ground, where it belongs
[08:58] {cosmo} ... and the economic displacement could be freightening... but, no matter...
[08:58] {BillyD} agree cosmo
[08:59] {BillyD} Realoity Trader saves the world with new policy abroad
[08:59] {cosmo} its an elephant in the room policy
[09:00] {dptl} good morning all
[09:00] {BillyD} dp :)
[09:01] {dino} gm all
[09:01] {Threei} dp, dino :)
[09:02] {Threei} btw, if I am not mistaken, among republican candidates there is one whose views are fairly close to what I blabbed above
[09:02] {Threei} ron paul
[09:03] {Threei} I say it so Raven doesn't slap me for being too deep and way out of my league :)
[09:04] {cosmo} and if he gets popular, he could be in mortal danger...
[09:05] {Raven} sigh
[09:05] {dino} fxp rocking, china must be dropping
[09:05] {dptl} short day today? closed tomorrow and short day friday?
[09:05] {Threei} full day today I believe
[09:05] {Threei} the rest is right
[09:05] {dino} full day, fri. 1:00 close
[09:06] {dino} jrjc down
[09:07] {dino} tsl blood
[09:07] {dptl} hmm on briefing.com it says:
[09:07] {dptl} Nov 21
[09:07] {dptl} Early close for financial futures & option pits at 1 EST
[09:07] {dptl} Nov 21
[09:07] {dptl} JEITA International Broadcast Equipment Exhibition 2007 (Day 3 of 3)
[09:07] {dptl} Nov 22
[09:07] {dptl} Thanksgiving Day: All markets closed
[09:07] {dptl} Nov 22
[09:07] {dptl} ASM International N.V. at Kempen & Co. Benelux Conference
[09:07] {dptl} Nov 22
[09:07] {dptl} Votorantim Celulose e Papel S.A. Analyst Meeting
[09:07] {dptl} Nov 23
[09:07] {dptl} Early close for financial futures & option pits at
[09:08] {Threei} futures & option
[09:08] {Threei} not equitiesa
[09:08] {cosmo} ETFC
[09:09] {cosmo} nearing 4
[09:10] {Threei} Raven just sighed at me... I guess I got away with it
[09:10] {cosmo} nah... that was me
[09:10] {cosmo} i think
[09:10] {esemde} morning RT's
[09:10] {Threei} ese :)
[09:12] {esemde} markets are open...for some reason i thought they would be closed
[09:12] {Raven} double sigh
[09:12] {Threei} closed tomorrow ese
[09:14] {esemde} tks
[09:14] {cosmo} ETFC
[09:14] {cosmo} tests 4
[09:16] {cosmo} wants more...
[09:28] {magoo} MORNING
[09:29] {BillyD} hey...you back
[09:29] {Threei} magoo!
[09:29] {magoo} :)
[09:29] {Threei} hunt is over?
[09:30] {magoo} well, buck/deer/bear concurrent season starts monday
[09:30] {magoo} bear onlone ends today
[09:30] {Threei} fun was had?
[09:30] {magoo} yup..and more coming
[09:30] {Threei} :)
[09:30] {magoo} i stay at hunt camp
[09:31] {magoo} good times:)
[09:31] {magoo} market closes friday 1 p.m for your info
[09:32] {Threei} RIMM sharp spike
[09:33] {dino} too soon imo
[09:34] {dino} really destroyed the dry shippers lately
[09:35] {Roman} CSIQ
[09:35] {Roman} long
[09:35] {BillyD} VVTV
[09:35] {Roman} 1/3 , 14.45 area
[09:43] {Roman} long CRDN
[09:43] {Roman} 1/3 size 42.35
[09:44] {dino} hl l tbsi .44, stop .99
[09:45] {Roman} out CRDN +1.02
[09:45] {BillyD} nice one
[09:46] {Roman} LUNA thin
[09:46] {Roman} QMAR
[09:46] {Roman} bounce play
[09:46] {Roman} with DRYS & EGLE
[09:48] {Roman} out CSIQ -.08
[09:49] {Threei} ZGEN?
[09:52] {BillyD} VVTV trying to set up
[09:53] {esemde} Roman...you and I have been in the same boat with CSIQ...
[09:53] {dino} ocnf l hl .50, stop .09
[09:53] {Roman} yep
[09:54] {Roman} it depends on what NQ does
[09:55] {Roman} long WM
[09:55] {Roman} 17.50 1/2 size
[09:56] {Roman} bouncing a bit with other financials
[09:56] {Roman} it follows C
[09:56] {dino} rimm hl l .97
[09:56] {Roman} CPSL on rdar
[09:57] {esemde} That one is due for a bounce as well
[09:57] {dino} out tbsi .30, +.86
[09:57] {Threei} had news before open
[09:58] {Threei} [08:03] {Threei} CPSL REPORTS Q1 $0.08; R$25.3M V $10.5M Y/Y- China Precision Steel's new cold-rolled mill with 150,000 metric tons of design capacity is operating at 40% utilization. It is expected to reach 50% utilization by the end of calendar year 2007. The Company has plans to commence the construction of a third mill with 150,000 metric tons of capacity in the first quarter of 2008.
[09:58] {Roman} watching EGLE & QMAR to bounce with DRYS
[09:58] {dino} thats what tbsi did rfr
[09:59] {dino} ocnf works w/drys too
[10:00] {Threei} *NOV FINAL UNIV. OF MICHIGAN CONFIDENCE: 76.1 V 75.0E
[10:00] {Threei} *OCT LEADING INDICATORS: -0.5% V -0.3%E
[10:00] {Roman} BUY BUY BUY
[10:01] {Roman} everything see bBUY BUY
[10:01] {Roman} SELL
[10:02] {Roman} out WM
[10:02] {Roman} had 20 cents but did take
[10:03] {Roman} did not take
[10:03] {dino} rimm stopped -.46
[10:04] {Threei} maniac-depressive market still
[10:04] {dino} yeah, ya think
[10:04] {Threei} rarely
[10:05] {Roman} my personal outlook market under pressure until after 2008
[10:05] {Roman} we bounce at end of January
[10:05] {Roman} before that it's ugly
[10:05] {esemde} Ok i'm confused now....whats Roman recommending......Buy Buy...no sell...wait buy ...no Sell Sell yes yes Buy....
[10:05] {Roman} IMO
[10:05] {Roman} ese, i covered both side, in case market goes up BUY if goes down SELL, i am right either way
[10:06] {esemde} just pulling your leg a little.......
[10:06] {Threei} he suggests that it takes a crazy to understand one, ese :)
[10:06] {Raven} sigh ... another "analyst" :)
[10:06] {BillyD} anyone reading ETFC
[10:06] {dino} buy when down, sell when up....and be out by end of day
[10:07] {dino} imo of course
[10:07] {Threei} BRCM
[10:07] {Threei} want to short it
[10:07] {Threei} maybe bounce
[10:07] {Threei} hate to chase here
[10:08] {Threei} and market is so jerky, I would like to wait a bit
[10:08] {esemde} i'm watching ETFC Billy...
[10:08] {esemde} am considering bstop at.87
[10:08] {dino} bidu like the siren song
[10:09] {Threei} PREVIEW: DOE PETROLEUM INVENTORIES DUE AT 10:30AMET
[10:09] {Threei} - Crude: +750Ke
[10:09] {Threei} - Gasoline: +1Me
[10:09] {Threei} - Distillate: -400Ke
[10:09] {Threei} - Utilization: 88.2%e
[10:10] {esemde} sorry Billy thats bstop at .20 am considering
[10:10] {BillyD} ok
[10:11] {dino} gs beat down
[10:11] {esemde} am watching level 2...but don't know what to think ...
[10:12] {esemde} to late missed it as i was typing
[10:14] {esemde} back to watching CSIQ
[10:15] {dino} lol ese
[10:15] {dino} but, i understand what you mean
[10:16] {Threei} BRCM won't bounce with NQ
[10:16] {esemde} inflicting new level of torture on myself to learn patience....
[10:19] {BillyD} thinking ss BRCM Vad if break down
[10:19] {Threei} yeah
[10:19] {dino} sometimes less is more ese
[10:20] {Threei} I'd prefer a bounce entry but there wasn't much of a bounce
[10:20] {esemde} If CSIQ makes it above 14.50 with any level of conviction it should go along way.....but then it's question of finding a proper entry point
[10:20] {BillyD} in .14
[10:20] {dino} wow tsl
[10:21] {esemde} yikes....
[10:21] {esemde} not good for solars
[10:23] {dino} sigm
[10:23] {Threei} good boy BRCM
[10:23] {esemde} weird....it has a buy rating and a $76.00 target from wall street Bank of America Securities
[10:24] {BillyD} cov'd 2/3 here
[10:25] {dino} l hl sigm .38
[10:25] {dino} risky
[10:26] {BillyD} cov'd rest
[10:26] {Threei} wtg
[10:26] {BillyD} ty
[10:27] {Threei} welcome
[10:27] {dino} gj
[10:28] {dino} sigm stop is .97 fwiw
[10:32] {dino} out ocnf .65, +.15
[10:32] {dino} sigm stopped slippage-.48
[10:35] {dino} fast drop
[10:38] {BillyD} Vad...still in BRCM
[10:38] {Threei} half
[10:39] {BillyD} .80 is key from last daily low on 10/23
[10:41] {BillyD} CPSL..didn't trust it enough to try
[10:43] {dino} tbsi hl l .30
[10:53] {Threei} stop to .86 BRCM
[10:53] {Threei} tightening it
[10:54] {Threei} covered BRCM in full
[10:54] {BillyD} nice one
[10:54] {BillyD} watching AMZN for poss short
[10:54] {dino} tbsi stopped -.30
[11:02] {Threei} too soon BRCM eh?
[11:02] {BillyD} it was the .80 area
[11:03] {BillyD} I missed reshorting
[11:05] {BillyD} that was a good spot on your part vad
[11:06] {BillyD} it being a salmon against the NQ upticks
[11:06] {BillyD} initially
[11:06] {Threei} ty
[11:06] {Threei} I have my moments
[11:06] {BillyD} have another one :)
[11:07] {dino} l drys .00, hl risky
[11:13] {_lumdus} So is this the only window i should be watching
[11:13] {esemde} am back...power in the house went out again.....2nd time in 2weeks...I think we have a problem...
[11:13] {Threei} yes lumdus
[11:13] {BillyD} pay your bill ese :)
[11:13] {Threei} or feed hamstews?
[11:13] {Threei} hamsters too
[11:13] {BillyD} lol
[11:14] {dino} welcome to the jungle lumdus
[11:14] {Threei} not the best day to start, pre-holiday trading
[11:14] {Threei} but BRCM was good
[11:15] {dino} c'mon, its been fun
[11:15] {Threei} I will be last one to object :)
[11:17] {Threei} my monitors started acting up, need urgent update of videocard drivers... with my multimonitor setup there is a whole lot of things that could go wrong with that. So if I am not here till 2008, you know what happened
[11:18] {dino} lulu
[11:18] {Threei} stay decent dino...
[11:18] {Threei} need to restart... wait for me please... and pray for me...
[11:19] {Threei} just in case... remember me please...
[11:24] {dino} out drys .24, +.24
[11:25] {dino} too soon, scared me ot
[11:26] {Threei} wow... I am back
[11:26] {Threei} believe it or not...
[11:26] {BillyD} where is Vad?
[11:26] {dino} tbsi l .91
[11:26] {Threei} and who is he
[11:29] {dino} wynn l .90
[11:33] {Threei} CPSL is still moving
[11:33] {Threei} miss of the day for me
[11:33] {Threei} didn't believe in it at all
[11:34] {BillyD} same here
[11:34] {Threei} can I use pre-holiday coma as an excuse?
[11:34] {BillyD} past experience
[11:34] {Threei} {magoo} you could if you weren;'t in coma permanently
[11:35] {BillyD} good enough for me
[11:39] {dino} 3i answering himself i see
[11:39] {Threei} it comes with certain age dino
[11:40] {Threei} since noone wants to talk to you anymore, you start finding consolation in impersonating your counterparts and having quite meaningful conversation
[11:42] {dino} unfortunately, i relate
[11:42] {BillyD} you both are a cure for one another
[11:42] {Threei} lol
[11:42] {dino} i'm not sure about that
[11:43] {BillyD} rflol
[11:43] {BillyD} I tried for you Vad
[11:43] {Threei} in vain I see
[11:43] {dino} out tbsi .74, +.84
[11:43] {dino} .83 i mean
[11:43] {BillyD} nice one dino
[11:43] {dino} ty
[11:44] {esemde} patience or what....eh....CSIQ making another run at 14.50
[11:45] {Threei} IMO, leave it be for now
[11:45] {Threei} its day will come
[11:45] {Threei} but at this point it's just useless piece of junk shaking you our every time you try it
[11:45] {esemde} definately......just throwing that in to lighten the mood....
[11:46] {Threei} RIMM small shares long
[11:47] {Threei} stop under .80
[11:48] {dino} you want to lighten it, toss me a tequilla
[11:48] {Threei} not holding, RIMM
[11:53] {dino} out wynn .23, +.33
[11:54] {dino} brb
[11:54] {magoo} ok, i have to go, just found out 5 yr old daughter has pnuemonia
[11:54] {magoo} good luck to u all
[11:54] {Threei} ouch
[11:54] {Threei} sorry mags
[11:55] {magoo} yeah...contagious too..can't get together w/families tomorrow(not complaining...feel bad for her of course)
[11:59] {dino} selling everthing too soon today
[12:00] {dino} iphs
[12:02] {dino} rally?
[12:03] {dino} iphs missed it
[12:03] {Threei} not sure it can be called rally... it's aimless jerking up and down
[12:03] {dino} ocnf l .43, stop .09
[12:04] {dino} rimm l trig .00 imo
[12:05] {dino} hmmm 3i picking on my insight, :)
[12:05] {Threei} that's how boredom reveals itself in me
[12:06] {Threei} I start picking on people
[12:06] {dino} decent day imo, you too?
[12:06] {Threei} yes, but not active
[12:06] {Threei} very few trades
[12:06] {dino} 8
[12:06] {dino} missed 3
[12:07] {dino} we dropped the ball on tsl
[12:07] {BillyD} if CPSl takes .30 offer may be worth a shot
[12:08] {BillyD} CPSL
[12:10] {BillyD} Vad is RIMM in sync w/ NQ today.....or is it hit or miss
[12:10] {Threei} can't get its rythm today
[12:11] {BillyD} just started watching and it seems to do it's own thing
[12:11] {dino} agree, not w/it today
[12:20] {dino} there goes my rally
[12:21] {dino} ocnf stop to .39
[12:21] {dino} back in 10
[12:22] {BillyD} mini rally
[12:24] {Threei} have a look at my CAST
[12:24] {Threei} attacking again
[12:25] {BillyD} I took it off earlier due to low vol
[12:25] {BillyD} intersting eh
[12:25] {Threei} accumulation
[12:25] {BillyD} yup
[12:26] {BillyD} buy the pb
[12:26] {BillyD} again...all relevant to time frame
[12:38] {dino} back rimm got mojho huh
[12:42] {BillyD} another mini rally
[12:43] {dino} ok, wife stopped in, back after lunch
[12:44] {dino} keep hard stop on ocnf, let it trade. back in 30
[12:54] {BillyD} just got .27 scalp on RIMM ...small shares
[12:54] {Threei} :)
[12:57] {BillyD} wanted more...but what you have vanishes in a blink
[12:58] {BillyD} sheesh
[13:00] {Threei} in attempts to confuse participants market became so confused itself
[13:01] {BillyD} on RIMM...it seems you try and pick best entry....assume .40-.50 stop and just see what happens
[13:14] {BillyD} doing anything Vad
[13:14] {Threei} oh yes
[13:14] {Threei} staring at the wall
[13:14] {Threei} finding a lot of interesting paint patterns
[13:14] {BillyD} sorry to interrupt
[13:15] {Threei} that's OK, you can't do worse than my cat
[13:26] {Threei} total psycho
[13:26] {BillyD} your cat
[13:26] {Threei} no... market
[13:27] {Threei} cat is nice.. just way too 'its own"
[13:50] {dino} ocnf stop to .84
[13:51] {dino} out .85, +.42
[13:51] {Threei} watch CAST doing it again
[13:55] {BillyD} yes
[13:56] {Threei} can you beliewve size of buys?
[13:57] {BillyD} huge
[13:58] {BillyD} stop it
[13:58] {BillyD} save some for little guys
[13:58] {Threei} little guy is me trying to sell it at 8 :)
[13:59] {BillyD} lol
[14:01] {dino} mwiv
[14:02] {dino} wow drys flat
[14:03] {dino} tbsi hl l .59, stop .19
[14:09] {BillyD} Jade creeping up
[14:09] {BillyD} any news Vad
[14:09] {BillyD} I see none
[14:10] {Threei} nope
[14:11] {dino} out tbsi .89, +.30
[14:12] {dino} ohh mannnn
[14:12] {dino} cnqr l .75
[14:23] {BillyD} seems like each stock in a world of its own
[14:24] {Threei} today is very disconneted yes
[14:27] {BillyD} wanted to short Jade but I couldn't find a decent readable entry
[14:38] {dino} rock 'n roll
[14:39] {dino} eicu
[14:41] {Chaeron} market closes at 1PM EST Friday btw :)
[14:46] {dino} darn, missed it, wanted .96
[15:00] {dino} jrjc hl l .31
[15:04] {dino} out cnqr .94, +.19
[15:06] {Threei} last 30 min or so AAPL follows NQ better than RIMM does
[15:07] {BillyD} watching NDAQ
[15:08] {BillyD} doesn't seem to move too much, but nice chart
[15:10] {dino} jrjc stopped .20, -.11
[15:16] {BillyD} Vad...that kid w/ the crayon been everywhere today
[15:16] {Threei} yeah, someone forgot to restrain him
[15:18] {dino} most likely done, good day again, thx for ideas
[15:18] {dino} everybody have a great thursday/thanksgiving off
[15:19] {Threei} tried AAPL couple times, looks treadable
[15:19] {BillyD} u 2 dino
[15:19] {Threei} take care dino, have a great one
[15:19] {dino} u2
[15:19] {dino} nuhc
[15:19] {Chaeron} bye dino... best to you and yours... and magoo too if you see him
[15:20] {dino} ty
[15:20] {dino} u2
[15:21] {dino} man, missed nuhc too
[15:21] {dino} was at .80
[15:22] {dino} ok, thats it, take care
[15:23] {cosmo} ETFC hod = 4.27
[15:23] {cosmo} fwiw
[15:24] {Threei} ZIXI worth keeping eye on after the holiday
[15:25] {BillyD} yes...have it up
[15:26] {BillyD} BRCM seems stalled here
[15:27] {BillyD} ss below .40 or long off .52
[15:27] {BillyD} flip a coin
[15:32] {cosmo} ETFC
[15:45] {Chaeron} See you nice ppl Friday...... May your Thanksgivings be warm and wonderful...
[15:45] {Threei} take care chaeron
[15:45] {BillyD} bye C
[15:46] {Chaeron} bye guys :)
[15:48] {hawkfan4} have a good holiday all
[15:48] {Threei} you too hawk
[15:48] {Threei} thank you all, have a great holiday
[15:48] {hawkfan4} thx vad :)
[15:48] {Threei} see you on Friday
[15:48] {Threei} not sure why
[15:48] {BillyD} bye all.....
[15:48] {Threei} can just as well take a break till Mon :)
[15:48] {BillyD} go for it
[15:52] {dptl} really bad for me today
[15:53] {BillyD} sorry to hear dp
[15:53] {dptl} it's all right....

November 20, 2007

Session Start: Tue Nov 20 00:00:00 2007

Session Time: Tue Nov 20 00:00:00 2007

[05:09] {Threei} ASIA
[05:09] {Threei} LAUNCHES MOBILE E-COMMERCE SOLUTION AND WINS CONTRACT WITH CHINA MOBILE- Announced that it has launched a new mobile e-commerce solution, and won a contract with China Mobile for a bonus point management platform. AsiaInfo is the first in China to offer such a solution.
[05:15] {BillyD} morning Vad
[05:15] {Threei} Billy :)
[05:16] {Threei} I assume we are getting old? waking up way too early...
[05:16] {Threei} falling asleep in front of TV in the evening...
[05:16] {BillyD} lol
[05:17] {Threei} disapproving today's youth...
[05:17] {BillyD} actually hit the snooze 4 times this morning
[05:17] {BillyD} sleeping in
[05:17] {Threei} picking softer cheeses...
[05:18] {Threei} on other hand... added more weights to my barbell yesterday... hmmm... state of confusion
[05:19] {Threei} where is cosmo, he usually helps me out of this state
[05:19] {Threei} mostly by demonstrating that my confusion is nothing
[05:19] {BillyD} he's probably assessing your situation
[05:22] {Threei} noticed last blog post?
[05:22] {Threei} http://www.realitytrader.com/blog/2007/11/old-ways-new-results.html
[05:22] {Threei} I was actually amazed when realized how common it is
[05:23] {BillyD} let me read
[05:28] {BillyD} what is the underlying reason people won't change....admitting it's not working?
[05:29] {Threei} comfort zone
[05:29] {Threei} staying with what is familiar, no matter whether it's working
[05:29] {BillyD} read some TTR yesterday
[05:29] {Threei} desire to make it work by minor tweaks
[05:30] {Threei} not by major rewamping
[05:30] {BillyD} focus on stock movement to keep map in alignment w/ territory is key
[05:30] {Threei} unwillingness to admit chosen direction is fundamentally wrong
[05:30] {Threei} ah TTR... I really need to read that
[05:31] {Threei} people keep saying I should
[05:31] {Threei} *OCT HOUSING STARTS: 1.229M V 1.17ME; BUILDING PERMITS: 1.178M V 1.2ME
[05:31] {BillyD} lol
[05:31] {Threei} FCEL SELLS THREE DFC300 POWER PLANTS TO EASTERN MUNICIPAL WATER DISTRICT IN CALIFORNIA
[05:38] {dino} gm all
[05:39] {Threei} dino :)
[05:39] {Threei} made it long weekend yesterday? :)
[05:40] {dino} yes. plus had 6 inches of snow
[05:40] {Threei} yikes!
[05:42] {BillyD} gm dino
[05:43] {Threei} EURO BREAKS ABOVE THE THE 1.48 LEVEL FOR THE FIRST TIME EVER
[05:44] {Threei} "thank you OPEC" I'd guess
[05:46] {dino} gm billy
[05:49] {cosmo} BCSI
[05:50] {cosmo} 39
[05:50] {cosmo} .. a pre mkt test...
[05:52] {Threei} we had a beautiful selloff on CIEN yesterday dino... totally your type
[05:53] {Threei} was so overdone even visually
[05:55] {dino} i'll take a look
[06:08] {Threei} CHINESE PM WEN: SEES 2007 GDP GROWTH AROUND 11.5%
[06:09] {cosmo} RSTO pre mkt high = 7.40 fwiw
[06:14] {Threei} 11/19/07 05:34pm [RSTO] Sears said it proposed an acquisition of RSTO and seeks non-public information; Sears also reported a 13.67% stake in the company
[06:17] {esemde} morning all
[06:17] {Threei} ese :)
[06:17] {esemde} anything looking good
[06:17] {BillyD} ese, cosmo :)
[06:18] {esemde} I mean....you look good in the morning Vad but I mean you know....stock wise....
[06:18] {cosmo} BCSI pre mkt high = 39.40
[06:18] {cosmo} BD:)
[06:19] {Threei} ummm... you may have a problem with your sight, ese... {G}
[06:22] {dino} fre tagged
[06:22] {cosmo} rsto
[06:22] {dptl} good morning all :)
[06:22] {Threei} 07:31am [FRE] Reports Q3 -$3.29 v 0.51e (includes items), R-$678M v 1.56Be (unclear if comparable), says to consider cutting Q4 dividend by 50%more.. - Engaged Goldman Sachs and Lehman as financial advisor to help it consider very near term capital raising alternatives - "Without doubt, 2007 has been an extremely difficult year for the country's housing and credit markets and, as our third quarter financial results reflect, we have been imp
[06:23] {Threei} dp :)
[06:23] {dino} fnm w/it too
[06:25] {BillyD} never realized how much money was highly leveraged into housing
[06:25] {Threei} read: never realized how deeply the concept of tulips was misunderstood? :)
[06:26] {BillyD} ok.....
[06:26] {BillyD} lol
[06:27] {BillyD} usual suspects so far tis morning Vad
[06:27] {BillyD} CSIQ, RIMM
[06:27] {Threei} nothing changed over last 3-5 centuries eh?
[06:27] {BillyD} nope....human behavior the same
[06:28] {cosmo} we recently re-entered a bronze age i thot
[06:28] {cosmo} ...checking
[06:28] {Threei} and quickly moving toward stone one
[06:28] {Threei} backward?
[06:29] {cosmo} yea
[06:29] {cosmo} no no
[06:29] {cosmo} bronze is good
[06:30] {Threei} FRE panic
[06:33] {Threei} BCSI small shares long around 39
[06:33] {Threei} desirably if loses it and sells quickly
[06:34] {Threei} finger on a trigger
[06:35] {Threei} in
[06:35] {Threei} stop .40
[06:35] {Threei} stopped
[06:36] {Threei} shaekout
[06:36] {dino} cien l hl .21, stop .84
[06:39] {Threei} nice CIEN
[06:39] {dino} out .84, +.63
[06:40] {dino} ty
[06:40] {BillyD} wtg
[06:40] {dino} and ty for the idea
[06:40] {Threei} :)
[06:41] {dino} fast drop
[06:41] {Threei} BCSI 39.11 long trigger, small shares
[06:42] {Threei} stop under 38.80
[06:45] {Threei} half out .48
[06:45] {Threei} scalpers take profit
[06:45] {BillyD} out full +.34
[06:45] {BillyD} thx
[06:45] {Threei} welcome
[06:46] {dino} bidz
[06:46] {Threei} stop just under 39 for the balance
[06:47] {Threei} missed AMZN... watching for pullback buy
[06:47] {Threei} as close to 80 as possible
[06:48] {Threei} in
[06:48] {dino} ocnf l .10, thin
[06:48] {Threei} .96
[06:48] {Threei} stop .75
[06:48] {Threei} .74 to be exact
[06:48] {dino} stop .89
[06:49] {Threei} 'half out AMZN
[06:49] {Threei} .48... +.56 I think
[06:49] {Threei} stop 79.89
[06:50] {BillyD} out AMZN avg around .35
[06:50] {BillyD} my PC froze up a bit when it spiked to .50
[06:54] {Threei} out BCSI balance
[06:54] {dino} onxx hl l .61
[06:54] {Threei} AMZN stop to .49
[06:55] {dino} gj
[06:55] {Threei} ty
[06:57] {Roman} CROX long on 39.55 break
[06:59] {Threei} RIMM non-stop... wow
[07:01] {Threei} LUNA again...
[07:01] {Threei} what a tough read
[07:02] {dino} rimm nice
[07:02] {Threei} out AMZN balance
[07:02] {Roman} long CROX 1/3
[07:02] {dino} ocnf out .44, +.34
[07:04] {dino} silc
[07:07] {Threei} AKAM .90 break half lot long
[07:07] {Threei} if holding above .75
[07:10] {BillyD} in akam
[07:10] {Threei} LUNA to the moon
[07:11] {Threei} (pun intended and admittedly lame)
[07:11] {BillyD} rofl
[07:12] {Threei} AKAM stop to .79
[07:13] {Threei} not sure about NQ here, want to tighten things a bit
[07:15] {Threei} out AKAM
[07:15] {BillyD} same here
[07:16] {dino} silc s hl .00
[07:16] {dino} stop .35
[07:17] {dino} make it .10
[07:17] {Threei} URRE
[07:17] {Threei} your baby Roman
[07:25] {Threei} time for NQ resumption
[07:26] {Threei} RIMM should be log very soon
[07:26] {Threei} long
[07:26] {Threei} very soon meant like next second, lol
[07:28] {Threei} nailed NQ reversal to the minute
[07:28] {Roman} stopped CROX
[07:28] {dino} silc stopped -.10
[07:28] {Threei} ANAD .21 long
[07:29] {Threei} sheesh... that was fast
[07:29] {Threei} anyone managed to get it?
[07:30] {Threei} won't track it if not
[07:30] {BillyD} not here
[07:30] {Threei} there was solid ask at .20, it just cut through like it was nothing
[07:30] {BillyD} it was .26 and higher when I saw it
[07:31] {Threei} was .19 while I typed, lol
[07:31] {Threei} and it's not particularly too jumpy stock
[07:41] {Threei} CAST?
[07:42] {cosmo} BIDZ
[07:42] {cosmo} gonna test 20
[07:44] {esemde} following CSIQ looking for spots to enter....looks to have stopped it's slid and 15.95/.96 looks enterable on a break...
[07:45] {Threei} I don't know... this stock doesn't behave on breaks
[07:45] {BillyD} it seems to have lost momo
[07:45] {BillyD} for now
[07:48] {esemde} l CSIQ .94.....
[07:49] {esemde} stop .70
[07:51] {esemde} oh oh....
[07:51] {esemde} need the nq and s&p to help me here
[07:51] {esemde} out. .72
[07:52] {Threei} phew... good exit
[07:52] {BillyD} good stop
[07:52] {Threei} rug got pulled hard
[07:52] {esemde} oh well......decided to hit the trigger rather than wait
[07:54] {esemde} I still think this has upside potential
[07:54] {esemde} not right now obviously
[07:56] {Threei} I am sure it does
[07:56] {Threei} this is not looking like ne day wonder
[07:56] {Threei} one
[07:57] {Threei} it's just this stock's personality, gotta trade it on deep pullbacks for now
[07:57] {Threei} when momo returns to it it will be more forgiving
[07:57] {Threei} but even when it was hot it didn't reward breakout buys
[08:00] {dino} jobs
[08:00] {dino} thin
[08:00] {Threei} NIGERIA'S FORCADOS JANUARY OIL EXPORTS WILL EXCEED DEC PLAN - WIRE HEADLINE CITING A TRADER
[08:01] {Threei} SFSF IPO OPENS FOR TRADING AT $13.00
[08:01] {Threei} I am lost
[08:02] {Threei} this is second time in as many days when fresh IPO has previous daily chart
[08:02] {dino} lol
[08:02] {Threei} what do I miss
[08:03] {Threei} next thing we know, delisted setocks continue trading... and that's how we know we are in some other universe
[08:04] {Threei} IRAN/EU NUCLEAR TALKS POSTPONED AFTER IRAN CANCELS; IRAN SAYS ITS ENVOY IS ILL - WIRE HEADLINE CITING OFFICIALS
[08:06] {dino} fmcn
[08:06] {dino} eric drop
[08:07] {Threei} AMZN small shares .70 long if NQ resumes upward
[08:07] {BillyD} looking at AKAM again
[08:07] {BillyD} not sure it participates as willingly as AMZN
[08:09] {Threei} AMZN invalidated for now
[08:10] {Threei} wow ERIC
[08:10] {Threei} SAYS Q4 SALES LIKELY TO BE IN LOWER END OF RANGE OF SK53-B-60B - WIRE CITES NY PRESENTATION
[08:10] {Threei} - Says Europe, US markets 'tighten'
[08:10] {dino} onxx stop to .85
[08:11] {dino} out onxx +.24
[08:12] {Threei} dino is bidding ERIC at 24.30 as we speak :)
[08:13] {dino} 25.21
[08:13] {Threei} 9 cents error :)
[08:13] {dino} 1.09
[08:13] {Threei} oh... sorry, mistype
[08:13] {Threei} meant 25
[08:13] {dino} not going to get it
[08:14] {Threei} I think you will
[08:14] {Threei} or not
[08:16] {dino} thoughts fmcn?
[08:17] {Threei} none... hate this stock, never can get a reliable read on it
[08:17] {dino} hmmm
[08:17] {Threei} short RIMM
[08:17] {dino} missed by 1 cent but beat on revs
[08:17] {Threei} stop above .20
[08:18] {dino} strang punisjhment
[08:18] {Threei} covered half
[08:18] {Threei} stop to above 114
[08:18] {esemde} have to be off...you all have a great rest of the day..
[08:18] {dino} my spelling sucks again i see
[08:19] {Threei} take care ese
[08:19] {dino} cya ese
[08:19] {Threei} you are lucky dino... it means it improves now and then
[08:19] {Threei} while mine stays just as bad all the time
[08:19] {dino} hl l .59 fmcn
[08:19] {Threei} but I pride myself in consistency
[08:20] {dino} lol
[08:20] {dino} eric hit .35
[08:21] {Threei} good boy RIMM
[08:21] {Threei} down boy down
[08:22] {dino} got it .42
[08:22] {Threei} ERIC?
[08:23] {Chaeron} he's not here... good morning all
[08:23] {Chaeron} :)
[08:23] {dino} y
[08:23] {Threei} hey Chaeron :)
[08:24] {Threei} RIMM, my dear
[08:24] {Threei} stop to .40
[08:24] {Threei} ready to cover
[08:24] {Threei} .25 stop
[08:24] {Threei} out
[08:24] {Threei} +.96
[08:24] {dino} fmcn stopped -.40
[08:26] {dino} nice
[08:29] {BillyD} AMZN hanging around
[08:32] {dino} out eric .86, +.44
[08:32] {BillyD} nice
[08:33] {Threei} it's valid again ifdd not losing .50 anymore
[08:33] {dino} thx
[08:33] {Threei} and if NQ helps of course
[08:33] {BillyD} yes
[08:46] {dino} eric lod
[08:48] {Threei} AMZN starts looking to me as more than scalp
[08:48] {Threei} holding too well
[08:48] {BillyD} strong
[08:50] {dino} itri
[08:53] {Threei} half out AMZN
[08:54] {Threei} strop to .59
[08:56] {dino} ravn
[09:02] {Chaeron} Laser Dave - dcc please?
[09:04] {dino} rimm fall
[09:05] {Threei} oh how mightiest fall
[09:05] {dino} bidu too
[09:05] {Threei} sorry... poetic moment
[09:05] {Threei} wanted to short 113 breakdown but fell asleep
[09:06] {Threei} well... not exactly but might as well
[09:06] {dino} yeah, was in middle of bowflex set
[09:06] {BillyD} lol
[09:06] {dino} mkt falling fast
[09:15] {Threei} one more leg down and then bounce time
[09:16] {Threei} waiting patiently for RIMM and AMZN
[09:21] {Threei} ESLR TICKS OFF LOWS ON RENEWED TAKEOVER CHATTER
[09:21] {Threei} almost ready
[09:22] {Threei} in AMZN
[09:22] {Threei} stop under .60
[09:22] {Threei} missed RIMM, maybe pullback closer to 111
[09:23] {Threei} yeah right RIMM says
[09:24] {Threei} half out AMZN +.22
[09:24] {BillyD} lol...same here
[09:24] {Threei} :)
[09:26] {dino} fmcn l hl ,54
[09:26] {BillyD} out rest +.39
[09:27] {Threei} wtg'
[09:27] {BillyD} ty
[09:27] {Threei} perfectly timed entry eh?
[09:27] {dino} gj bd
[09:27] {BillyD} yes....break of .82
[09:27] {BillyD} ty dino
[09:28] {Threei} out second half .30
[09:28] {Threei} +.48
[09:28] {BillyD} didn't really see the NQ break at first though
[09:28] {Threei} it wasn't break
[09:28] {Threei} it was bottoming out
[09:29] {Threei} RIMM comes home
[09:29] {Threei} finger on a trigger
[09:29] {BillyD} u were just reading and not waiting for break right
[09:29] {dino} swtopped -.34, done w/it
[09:34] {Threei} in RIMM , just a scalp this time
[09:34] {Threei} out +.35
[09:34] {BillyD} nice
[09:35] {BillyD} didn't enter
[09:35] {Threei} too soon
[09:35] {Threei} but wasn't reallt confident here
[09:42] {Threei} wow
[09:42] {Threei} that's some hectic action
[09:42] {Threei} glad to be on a sideline
[09:43] {dino} wow rimm
[09:43] {BillyD} I took off L2
[09:43] {BillyD} too wild RIMM
[09:45] {dino} lol
[09:45] {Threei} feels like short for one more leg down
[09:46] {Threei} short .94
[09:46] {Threei} 110.11 stop
[09:46] {Threei} 109.11, sorry
[09:46] {Threei} no, 110
[09:46] {Threei} lol
[09:47] {BillyD} lol
[09:47] {Threei} out anyway
[09:47] {BillyD} how can you even think with that one
[09:47] {Threei} apparently can't
[09:47] {Threei} still feeling of a short
[09:47] {Threei} gotta find better entry
[09:48] {Threei} in
[09:49] {Threei} stop .81
[09:49] {Threei} out .30
[09:49] {Threei} +.36
[09:49] {Threei} real challenge for my math abilities...
[09:50] {Threei} I click faster than I compute
[09:50] {BillyD} you have a good read on it
[10:03] {Threei} ready for one more
[10:05] {Threei} couldn't post in time... .36 -.70
[10:05] {Threei} offering second half 110
[10:06] {Threei} or stopping 109.20
[10:06] {Threei} stop it is
[10:07] {BillyD} I thought u were looking for short entry w new low in mkt
[10:07] {Threei} I obviously should, lol
[10:08] {dino} pretty brutal selloff from hod
[10:08] {BillyD} yes
[10:19] {dino} hl l rimm .50
[10:21] {Threei} in .29
[10:22] {Threei} half out .65
[10:22] {dino} you dog
[10:23] {Threei} rufff
[10:23] {Threei} 110.30 for second half
[10:23] {Threei} call me greedy
[10:24] {BillyD} greedy
[10:24] {Threei} but proftable
[10:25] {BillyD} you said call you that
[10:25] {BillyD} trying to help
[10:25] {Threei} ty
[10:25] {dino} :)
[10:25] {Threei} good to know I have friends to count on
[10:25] {BillyD} we are here for you
[10:26] {Threei} stop to .45
[10:26] {Threei} ok ok, I get it
[10:26] {Threei} out
[10:28] {dino} stopped -.40
[10:28] {dino} bidu sm l 309.25
[10:31] {dino} out 310.35, +1.10
[10:33] {BillyD} nice one
[10:33] {dino} lucky, but ty
[10:33] {dino} rimm rinsed me
[10:36] {Threei} me too on second half
[10:46] {Threei} feels like we saw the low for the day
[10:46] {hawkfan4} Fed minutes released in 14 minutes fwiw
[10:46] {Threei} ty
[10:46] {Threei} I expect hawkish comments from them
[10:46] {Threei} whether market believes them is another matter of course :)
[10:56] {Threei} PREVIEW: MINUTES OF THE OCT 31 FOMC MEETING DUE OUT AT 2PMET
[10:56] {Threei} - Financial markets strains have eased somewhat; inflation and growth risks are now balanced
[10:56] {Threei} - Housing likely to slow pace of economic expansion, sees intensification of housing downturn
[10:56] {Threei} - Will act as need to foster price stability and growth
[10:56] {Threei} - Says recent increases in energy, commodity prices could
[10:56] {Threei} PREVIEW: FOMC QUARTERLY ECONOMIC FORECAST - The Fed will commence steps to increase the transparency of their economic outlook when they release the first of their quarterly forecasts with the Oct 31st minutes. The new forecast will cover an extended horizon of 3-years, inflation forecasts for both core and headline PCE, real GDP, and unemployment rates. Particular focus will likely be paid to the initial forecast for headline PCE, as it im
[10:57] {Threei} stabilizing the overall inflation rate not just the core. The 2007 headline PCE projection is likely to exceed 3%, which would be the third increase of more than 3% in the past four years. However it is very possible the Fed's central forecast will assume softer food and energy prices in 2008 and 2009 due to current futures prices.
[10:57] {Threei} This could lead to projections of the overall PCE rate below the core rate in both years before returning to neutral in 2010. The 2008 core PCE projection could provide a more discouraging look. There is a risk, however, that FOMC members will fear that exchange rate and energy cost issues will result in some backsliding on the core PCE price index in 2008. If the central tendency is on the high side of 2.0% for 2008, a rate cut would face
[10:58] {Threei} - Market participants will be left to ask. Do the new projections and increased discussions surrounding the data put a dent in the widening gap between market expectations and Fed forecasts. Jan Fed Fund Futures still project better than an 85% chance of another rate cut to 4.25% at the December meeting.
[10:58] {Threei} anyone needed this bunch of nonsense?
[10:59] {BillyD} is that your summary recap
[10:59] {Threei} pretty much
[10:59] {dino} hmmm
[10:59] {Threei} my deep conviction:
[10:59] {BillyD} ty...save me the homework for tonight
[11:00] {Threei} - few organizations caused as much harm to US economy as Fed
[11:00] {dino} yes
[11:00] {Threei} - few people caused as much harm to US economy as Greenspan
[11:00] {Threei} - Fed should be abolished, interest rate should be freely "traded" tool
[11:01] {Threei} there
[11:01] {Threei} economy by iliterature
[11:01] {Threei} *OCT 31 FOMC MINUTES: CALL OCT CUT A CLOSE CALL
[11:03] {Threei} *FOMC ECONOMIC AND INFLATION FORECAST: CUTS 2008 GROWTH FORECAST TO 1.8%-2.5% FROM 2.5%-2.75%
[11:09] {Threei} I am getting seasick
[11:09] {BillyD} interrupts sleep
[11:19] {Threei} pre-minutes low held
[11:20] {Threei} for now at least
[11:21] {Threei} still feels like the low for the day has been set
[11:21] {Threei} with such volatility though forecasts can futile
[11:25] {dino} sm l bidu 311
[11:27] {Roman} today is panic day ?
[11:27] {Roman} i think so
[11:27] {Threei} neww low
[11:27] {Threei} not good
[11:28] {Threei} last person exiting, turn off the lights
[11:31] {Threei} bounce time
[11:32] {Threei} in RIMM
[11:33] {Threei} stopped, too soon
[11:33] {Threei} will retry
[11:34] {Threei} got 108.02
[11:34] {Threei} sheesh, no way to post in time
[11:35] {Threei} half out .60
[11:35] {dino} fast one, i can't post them all on it either
[11:40] {Threei} out second half
[11:40] {Threei} +1.19
[11:42] {dino} gj
[11:48] {Threei} ONSM ALL MOBILE VIDEO PARTNERS WITH ONSTREAM MEDIA TO OFFER WEBCAST SERVICES AND DIGITAL ASSET MANAGEMENT SOLUTIONS
[11:49] {Threei} fluff
[11:49] {BillyD} isn't that your baby
[11:49] {Threei} long ago
[11:50] {BillyD} just like you: date 'em and dump em
[11:52] {dino} back in 15
[11:53] {Threei} back in RIMM
[11:54] {Threei} stop under .40
[11:55] {Threei} nope
[11:55] {BillyD} it blisters thru doesn't it
[11:55] {Threei} pretty much
[11:55] {Threei} hot stock at a hot time
[12:00] {Threei} this NQ retreat is much lower volume
[12:00] {BillyD} do you get vol bars w/ NQ
[12:01] {BillyD} I don't with NDX
[12:01] {Threei} yes
[12:03] {Threei} a lot of cut fingers today I'd guess
[12:04] {BillyD} ?
[12:04] {Threei} falling knives?
[12:04] {BillyD} I c
[12:06] {Threei} {Fed} is it something I said?
[12:16] {BillyD} amazing how dead scanner has been
[12:16] {dino} drys
[12:31] {Threei} anyone getting dizzy?
[12:32] {dino} chaos
[12:32] {BillyD} geez...thinking time to short .50 ago on AMZN...glad I passed
[12:32] {cosmo} rough surf
[12:33] {dino} we really missed rimm at 108
[12:33] {Threei} I scalped it twice
[12:33] {Threei} both time exited too soon
[12:34] {Threei} 107.39 to 108.07
[12:34] {Threei} and 108.74 to 109.20
[12:38] {Threei} almost 40 points bounce NQ
[12:39] {Threei} is this maniac-depressive market or what
[12:39] {BillyD} lol
[12:39] {BillyD} maniac the key
[12:41] {dino} out bidu 315, +4.00
[12:41] {Threei} that's too much dino
[12:41] {dino} lol wild ride
[12:41] {dino} and now its 316+
[12:41] {Threei} you need to donate half to some starving tribe somewhere
[12:45] {Threei} and please, do not sufggest that this tribe should trade the msarkets, we have enough of those as it is, judging by market movements
[12:46] {dino} ok boss
[12:46] {dino} wcrx drop
[12:46] {Threei} CAST again...
[12:47] {Threei} something's brewing there... horrible spread though
[12:47] {BillyD} yeah got excited until saw spread
[12:52] {dino} calling it a day, a very good one. ty for ideas, back tomorrow
[12:52] {Threei} take care dino :)
[12:52] {Threei} hmmm.... CAST
[12:52] {BillyD} bye
[12:52] {Threei} took that big offer
[12:52] {Threei} and tightened the spread
[12:52] {BillyD} yes
[12:53] {BillyD} late in day
[12:53] {Threei} if .45 is taken, something does happen there
[12:55] {BillyD} true colors at .50
[12:55] {Threei} or fakes
[12:56] {BillyD} time will tell....tomorrow
[12:56] {BillyD} wow
[12:56] {Threei} you have so much toi dump, why wouldn't you hit the bid at .44 instead of showing to the wolrd that you got a lot of thin one to sell
[12:56] {Threei} someone called the bluff I guess, lol
[12:57] {BillyD} large offers all the way up
[12:57] {cosmo} some might think aft mkt rate cut?
[12:57] {Threei} yes... but the determination with which those two got hit is impressive
[12:57] {BillyD} very
[12:57] {Threei} you need to really commit to grab that much of such thin stock
[12:58] {BillyD} not a daytrader
[12:58] {Threei} no
[12:58] {BillyD} why I can't enter now
[12:58] {BillyD} different time frames
[12:59] {Threei} look at that
[12:59] {BillyD} steal at .40
[12:59] {Threei} going to be interestinfg
[12:59] {BillyD} you in
[12:59] {Threei} coulsdn't resist, took a bit at .40
[13:00] {Threei} tomorrow will show
[13:00] {BillyD} yes
[13:00] {Threei} unless it goes to 8 today, lol
[13:00] {BillyD} I will wait
[13:01] {Threei} offering at 8 in case some enthusiats eants it
[13:01] {Threei} wants
[13:01] {Threei} ok guys, thank you all
[13:01] {BillyD} cya Vad
[13:01] {Threei} have a good evening, see you tomorrow for another session of psychoanalysis
[13:02] {BillyD} good laugh there
[13:02] {BillyD} way to end day
Session Close: Wed Nov 21 00:00:00 2007

November 19, 2007

Session Start: Mon Nov 19 00:00:00 2007

Session Time: Mon Nov 19 00:00:00 2007

[05:40] {Threei} Good morning RT
[05:41] {Threei} dumped CSIQ 17.99... not the profit I had in mind but since no good size gap better get out now and see if there is a play in it later
[05:41] {BillyD} it tried right at open
[05:41] {BillyD} good morning
[05:41] {Threei} hi :)
[05:49] {cosmo} BD:) .....ASU still gotta chance?
[05:51] {BillyD} for Rose Bowl yes
[05:51] {BillyD} BCS title not so sure
[05:51] {cosmo} BCS needs a playoff ...
[05:51] {Threei} what was that on CSIQ
[05:52] {cosmo} i just worry about USC
[05:52] {cosmo} ...sometimes
[05:54] {BillyD} yeah...never know
[05:55] {dptl} good morning all
[05:57] {Threei} dp :)
[06:00] {Threei} [CSUN] China Sunergy Announces Agreements with Canadian Solar
[06:00] {Threei} - Agreements with Canadian Solar are for a total volume of 25MW of solar cells for 2008. Under the Agreements, China Sunergy will supply approximately 12MW and 13MW of solar cells to Canadian Solar in the first and second half of the year respectively.
[06:00] {Threei} - The Agreements will be denominated in both Chinese yuan and US dollars, with approximately 24% of the volume being based on fixed pricing terms and the remainder being determined on a quarterl
[06:02] {esemde} good morning RT's...
[06:02] {Threei} ese :)
[06:07] {BillyD} Hi ese, dp
[06:13] {esemde} morning billy bruce dp hawk jm patience
[06:15] {bruce} hi ese
[06:15] {Threei} bruce :)
[06:16] {patience} morning ese and RT :)
[06:16] {bruce} hi vad
[06:16] {Threei} patience :)
[06:18] {patience} vad :)
[06:20] {BillyD} Vad, watching any one stock in particular at open
[06:21] {Threei} there are no clear candidates at this point... CSIQ is certainly on a radar
[06:21] {Threei} but this is not a breakout stock by any means
[06:21] {BillyD} ok..I have BIDZ with a gap
[06:21] {Threei} rather deep pullback stock
[06:23] {BillyD} see no news on BIDZ
[06:24] {Threei} nope
[06:24] {cosmo} 18.4 hod ..so far
[06:25] {cosmo} CSIQ pre mkt high = 18.49
[06:26] {hawkfan4} 19-Nov-07 07:19 ET In Play Bidz.com profiled in New America section of IBD (16.85 )
[06:26] {BillyD} thx hawk
[06:27] {hawkfan4} np :)
[06:27] {Threei} hawk :)
[06:27] {hawkfan4} morning vad, all
[06:28] {esemde} hawk
[06:29] {bruce} hi hawk
[06:30] {hawkfan4} bruce, ese :)
[06:31] {Threei} ALTI?
[06:31] {BillyD} I see nothing
[06:31] {Threei} FSLR strength
[06:32] {Threei} let's see if CSIQ bottoms out and folllows the suit
[06:32] {Threei} pulled back into 18
[06:32] {cosmo} DISH
[06:32] {cosmo} CNBCmention
[06:37] {Threei} ESLR .95 break long if stays above .80
[06:39] {Roman} ZIXI
[06:39] {Roman} long
[06:39] {Roman} 3.67
[06:43] {Threei} getting interested in CSIQ for bounce
[06:44] {BillyD} no real feel for me on CSIQ so far
[06:44] {Threei} in
[06:44] {Threei} stop under .50
[06:46] {Threei} LUNA interesting chart... low volume
[06:46] {Roman} VRSN strong
[06:47] {Roman} sqeezer
[06:48] {Threei} half out CSIQ +.40
[06:49] {BillyD} nice one
[06:50] {esemde} Bstop MCRL .81
[06:50] {Threei} LUNA feels like aiming for 8... very tough read because of low volume
[06:52] {esemde} l MCRL .78
[06:53] {esemde} decent fill
[06:55] {esemde} out .97 +.20
[06:57] {esemde} nice call on LUNA vad ,,,could very well make 8
[06:57] {Threei} yeah... had to enetr on pure faith though
[06:57] {BillyD} lol
[06:58] {esemde} how are feeling about CSIQ
[06:58] {esemde} possible long at .20
[06:58] {Threei} same... deep pullbacks are for entry
[06:58] {Threei} don't buy breaks on it
[07:01] {esemde} done
[07:04] {Threei} FSLR spike
[07:05] {Threei} likely to take CSIQ with it
[07:06] {BillyD} no new entry on it right?
[07:07] {cosmo} mcrl
[07:07] {cosmo} 9 break
[07:08] {Threei} no, not on breaks
[07:08] {cosmo} i c
[07:08] {Threei} this is anticipatory kind of trading
[07:08] {Threei} no cosmo, I am talking about CSIQ
[07:08] {BillyD} got it
[07:10] {Threei} it does same thing as on Friday
[07:11] {BillyD} seems so
[07:11] {Threei} breaks are impossible to trade on it since it spikes vertically into high, breaks and immediately drop under all supports
[07:12] {Threei} there it consolidates, slows down, sits for a while, tyhen spikes again
[07:13] {BillyD} we need some holidya trades
[07:13] {BillyD} crazy momo
[07:13] {Threei} [MCRL] Micrel, Incorporated Sign multi-million Contract With Commercial Solar Cell Company
[07:13] {Threei} -To supply commercial solar cells. Micrel's unique processing capability enables the creation of the highest efficiency solar cells presently available. The partnership will involve the manufacturing and supply of concentrated solar cells while supporting world wide environmental efforts and corporate 'Green' initiatives.
[07:14] {Threei} not fresh
[07:14] {cosmo} sounds like a slam dunk tho
[07:19] {BillyD} Vad...you like MCRL if .10 gets eaten
[07:20] {BillyD} in .11
[07:20] {Threei} looks strong and steady
[07:28] {BillyD} out here....27, .33 and earlier .22
[07:29] {Threei} nice one
[07:29] {BillyD} ty...
[07:32] {Threei} RUSSIAN DEP FIN MIN SUSPECTED OF $43M EMBEZZLEMENT SCHEME - WIRE HEADLINE CITING PROSECUTOR GENERAL OFFICEReminder: 11/16 Fin Min was arrested on undisclosed charges
[07:34] {BillyD} does he have a stock symbol to short
[07:34] {BillyD} slim pickings so far
[07:38] {esemde} big pullback on CSIQ...
[07:39] {esemde} would this qualify as pullback entry VAd
[07:39] {Threei} closwr to 17 I would feel safer
[07:46] {esemde} good call vad...trying to push down to .10
[07:47] {Threei} will try to bid under 17
[07:47] {Threei} too optimistic maybe...
[07:47] {Threei} but I'd rather miss this stock than enter too soon
[07:48] {Threei} brutal one
[07:48] {esemde} indeed
[07:48] {Threei} lol
[07:49] {Threei} IMMU?
[07:49] {Threei} no news that I see
[07:51] {esemde} me either..
[07:52] {Threei} YHOO 27.06 long if holding above 27
[07:55] {BillyD} FINL
[07:55] {BillyD} crazy spike
[07:56] {Threei} no news on wires so far
[07:57] {BillyD} ty
[07:58] {Threei} RIMM bounce candidate
[07:58] {Threei} with NQ recovery
[07:59] {Threei} in
[07:59] {Threei} got .60
[08:00] {Threei} half out
[08:00] {BillyD} nice
[08:00] {Threei} +.39
[08:00] {BillyD} no time to hesitate on entry
[08:00] {Threei} no
[08:00] {Threei} CSIQ under 17... still can't find clear entry
[08:01] {Threei} out second half RIMM+.70
[08:02] {Threei} dp will of course get 2 points
[08:02] {esemde} gonna go long small 1/3 lot here.....give this a try
[08:02] {Threei} CSIQ ese?
[08:02] {esemde} yes......
[08:04] {esemde} bstop .98
[08:05] {esemde} forget that.....
[08:05] {Threei} RIMM under 105 again
[08:05] {Threei} in
[08:06] {Threei} out -.2-
[08:06] {Threei} .20
[08:06] {Threei} too early
[08:07] {BillyD} you know where you stand rather quickly w/ RIMM
[08:07] {BillyD} VAD any thoughts on ESLR short off 13
[08:08] {Threei} missed under .50, wasn't sure, RIMM
[08:08] {Threei} if NQ continues down
[08:08] {Threei} ESLR pretty much became market follower lately
[08:09] {BillyD} short at 13...w/ .11 stop
[08:10] {BillyD} it held .80 tough the other day
[08:12] {Threei} CSIQ, .87 long if holding above .70
[08:12] {Threei} invalidated, wants even lower
[08:12] {Threei} but become intriguing at these levels
[08:15] {Threei} TREASURY SEC PAULSON: STRONG USD IN NATION'S INTEREST, ECONOMY WILL CONTINUE TO GROW
[08:15] {Threei} sigh
[08:16] {Threei} sheesh
[08:16] {Threei} can't believe I missed this RIMM dive
[08:20] {BillyD} out eslr
[08:20] {BillyD} -.13
[08:21] {esemde} hmmmmm power went out...i'm back....you long CSIQ VAd
[08:23] {Threei} I took scalp
[08:23] {Threei} .80 - 17.05
[08:23] {Threei} can
[08:23] {Threei} t bring myself to hold it for bigger move, this stock scares the living daylight out of me today
[08:24] {esemde} i've missed it then
[08:24] {Threei} can't even make myself call it with any degree of confidence
[08:50] {Threei} MOGN long .27
[08:50] {Threei} .09 stop
[08:52] {Threei} DISH
[08:52] {Threei} TICKS TO NEW HIGHS AFTER THESTREET.COM REPORTS NEAR A DEAL WITH AT&T
[08:56] {Threei} MOGN 1:1
[08:57] {BillyD} was stop .09 or .19
[08:57] {Threei} .09
[08:58] {Threei} still is, haven't trailed it
[08:58] {BillyD} didn't see it quite hit 1:1
[08:58] {BillyD} just clarifying
[08:58] {Threei} no, sorry, I meant 1:1 play
[08:59] {BillyD} ok
[08:59] {BillyD} was sending u a calculator for xmas...:)
[08:59] {Threei} please do
[08:59] {Threei} when it comes to math I need all the help I can get
[09:00] {Threei} and if you have spellchecker, consider it oo :)
[09:00] {BillyD} by the time you punch numbers into calc....you miss exit
[09:01] {BillyD} messing around with it
[09:02] {Threei} DISH is not a done deal, right?
[09:02] {Threei} just a report that it's likely
[09:03] {BillyD} not sure
[09:03] {Threei} MOGN stop to .14
[09:07] {cosmo} mcrl needs to hold 9.20 imo fwiw
[09:07] {bruce} can't see where the initial .09 stop came from in that vad
[09:07] {Threei} NQ is likely to rweverse upward here
[09:07] {Threei} RIMM shouldf follow
[09:08] {Threei} 11:45 bruce
[09:08] {Threei} from that moment on .10 became support
[09:10] {bruce} k - see it now - didn't really recognize that as a support level on my chart
[09:11] {Threei} if you got RIMM close to 106, look to exit on this spike, IMO
[09:11] {Threei} here it comes
[09:11] {dptl} long at 105.84
[09:12] * Threei slaps dptl around a bit with a large trout
[09:12] {Threei} beat me by 22 cents on entry, I got it at 106.06
[09:12] * Threei counts on BillyD to tell if 22 cents is correct
[09:13] {Threei} oh, and I am out at .65
[09:13] {BillyD} yup
[09:13] {Threei} let;s see by how much you beat me on exit
[09:14] {Threei} sharp downtick NQ
[09:14] {BillyD} Laserdave see dcc
[09:15] {Threei} stopped MOGN
[09:18] {Threei} SPAR
[09:18] {Threei} CEO: EXPECTS 36% INCOME GROWTH IN 2008
[09:18] {Threei} - sees 5-15% growth in 2008 Ambulance sales; Fire truck sales flat to down 3%
[09:24] {bruce} ED VAD - ANY READ?
[09:24] {bruce} sorry about caps
[09:24] {Threei} worth a try with .54 stop
[09:24] {Threei} slow one
[09:25] {bruce} thanx
[09:32] {Threei} interesting daily LNUX
[09:36] {Threei} ese, you ever found guts to enter CSIQ?
[09:39] {BillyD} Vad...were you able to see a RIMM play here w. the NQ uptick
[09:39] {BillyD} now downtick
[09:40] {esemde} hi Vad yes....i'm in half lot...at .25
[09:40] {esemde} stop at 17
[09:41] {esemde} decided to wait until it broke resistance at .20
[09:41] {esemde} on the way back up....we'll see...depends on NQ{ s&p ETC
[09:44] {Threei} no Billy, not really
[09:44] {BillyD} ty
[09:44] {Threei} it's somewhat disconnected last 30 min or so
[09:44] {BillyD} well...I guess I am reading it correctly then
[09:45] {BillyD} does it seem to work better with extreme moves....sell offs for bounce, etc
[09:46] {Threei} very much so
[09:46] {Threei} best situation is when NQ stages extreme move and RIMM gives a delay
[09:47] {BillyD} it's almost like RIMM continues down a bit more when NQ jumps up
[09:47] {BillyD} with the delay for better entry
[09:47] {Threei} exactly
[09:47] {Threei} it tends to overshoot NQ a little bit
[09:49] {BillyD} Vad...do you have a daily NQ chart up
[09:49] {Threei} yes
[09:49] {BillyD} and intraday
[09:49] {Threei} yes, 1 min
[09:50] {Roman} CSUN
[09:50] {Roman} spike don't see news
[09:50] {esemde} Have a great rest of the day everyone.
[09:51] {bruce} bye ese
[09:51] {Threei} take care ese
[10:00] {Threei} *NOV NAHB HOUSING MARKET INDEX: 19 V 17E
[10:15] {bruce} taking break
[10:16] {bruce} see you all
[10:16] {BillyD} cya bruce
[10:27] {Threei} CIEN becomes a bounce candidate
[10:28] {Threei} half lot long .55
[10:31] {BillyD} out w/ about .15 scalp...thx
[10:31] {Threei} :)
[10:31] {BillyD} wasn't sure of stop area
[10:31] {BillyD} unless low of day
[10:32] {Threei} it pretty much bottomed out at about .35
[10:32] {Threei} a few qyuick low prints were pure panic
[10:33] {Threei} out .90
[10:34] {BillyD} wtg
[10:35] {Threei} hmmm CSUN
[10:36] {Threei} not shortable
[10:36] {Threei} too bad
[10:36] {BillyD} yaeh..it usually falls back
[10:37] {Roman} i think there is something behind this CSUN move
[10:37] {Threei} looks like
[10:37] {Threei} more sustainable than usual
[10:37] {Roman} other solars are not moving
[10:45] {Threei} short RIMM on this bounce
[10:46] {Threei} stop above 106
[10:46] {Threei} got .69
[10:47] {BillyD} with you
[10:48] {Threei} come on NQ, give up
[10:49] {Threei} and lose 2020
[10:52] {Threei} stubborn thing
[10:52] {BillyD} yeah
[10:53] {Threei} finally
[10:53] {Threei} half out
[10:53] {BillyD} cov'd .43
[10:53] {Threei} .30
[10:53] {Threei} +.39
[10:53] {Threei} took considerable math efforts
[10:54] {BillyD} lol
[10:54] {Threei} .75 stop
[10:54] {BillyD} I cov'd 1/2 around even after pop up and NQ was popping up more
[10:55] {Threei} lose 2020 NQ
[10:55] {Threei} I want under 105
[10:56] {BillyD} should work now
[10:56] {Threei} still kicking
[10:56] {Threei} even though shouldn't
[10:57] {BillyD} not my fault anymore...I'm out....lol
[10:57] {Threei} wants me to work for my money... if I wanted that I'd become a plumber
[11:01] {Threei} beautiful
[11:01] {Threei} out .86
[11:01] {Threei} 69 + 14
[11:01] {Threei} +. 83
[11:02] {BillyD} very nice
[11:02] {Threei} you mean my math sakills no doubt
[11:02] {BillyD} wait...let me check
[11:02] {Chaeron} and typing/spelling skills
[11:02] {Threei} ah those
[11:07] {Threei} I think I need a keyboard with keys twice as big... somehow they all seem to touch one another and produce two letters instead of one
[11:22] {Threei} time for NQ to pullback
[11:23] {Threei} great missed RIMM short while typed that, lol
[11:24] {Threei} OK{ this spike
[11:25] {Threei} shorted
[11:27] {Threei} stopped, too strong still
[11:29] {Threei} second try
[11:29] {Threei} covered 107.75
[11:30] {Threei} +.29
[11:30] {Threei} am I fighting the trend or what
[11:31] {BillyD} I tried at 108 on bounce upand ended up stopping 108.15
[11:32] {BillyD} NQ keeps popping up on pb
[11:32] {Threei} short once again
[11:32] {Threei} should get something more decent this time
[11:33] {Threei} half out .68
[11:33] {Threei} stop above 108
[11:35] {Threei} come on NQ, 25 points bounce deserves a pullback finally, no?
[11:35] {Threei} {NQ} you pull back
[11:36] {BillyD} kick it
[11:36] {Threei} you think violence is the answer?
[11:36] {Threei} out
[11:36] {BillyD} no...it's kicking harder right now
[11:36] {Threei} +.30 and -.05
[11:36] {Threei} lol, by you violence is the answer only when you are stronger, right?
[11:37] {Threei} (not that I disagreed with that)...
[11:37] {BillyD} yes.....must know your limitations
[11:38] {BillyD} it's like....ok RIMM I can't seem to time my entries properly so I'll just back away for the moment
[11:39] {Threei} I hav e impression that last entries were against the grain and I made money onl;y thanks to natural volatility
[11:39] {Threei} just quickly exiting when it jumped around and appeared in profitable zone
[11:39] {BillyD} lucky
[11:40] {BillyD} where's dino...hehe
[11:40] {Threei} :)
[11:46] {Threei} UPDATE: NEEDHAM INITIATES CRDC WITH BUY, PRICE TARGET: $10
[11:50] {Threei} keep an eye on CRDC, it's a dangerous one but a mover when catches attention
[11:50] {Chaeron} Needham - decent firm
[11:50] {BillyD} when did that upgrade come out?
[11:50] {Threei} 14:45 on wire
[11:50] {Threei} that's what got my attention Chaeron, thanks for confirmation
[11:51] {Chaeron} yeah... reputable
[11:51] {Threei} not some boutique with no slightest idea
[11:51] {BillyD} thx...
[11:51] {BillyD} or paid pvt research firm
[11:55] {Threei} paid in those same shares they will dump on you if you believe their upgrade and buy
[11:55] {Threei} embodiment of conflict of interest
[11:56] {Threei} but of course that never happens... right?
[11:56] {BillyD} never
[11:57] {BillyD} den of thieves
[11:57] {BillyD} amongst thieves
[11:58] {Threei} ah come on Billy, we are just on a wrong side of business :)
[11:59] {bruce} I think billy pegged them pretty well
[11:59] {BillyD} well Vad....it is just part of the rules in trading....anything goes
[12:05] {dptl} 15 trades rimm today total points profit :+1.10 so far
[12:06] {Threei} well done
[12:06] {dptl} tnx learning
[12:06] {BillyD} nice dp
[12:08] {Chaeron} LAserDave - dcc
[12:09] {BillyD} if you get him...ask him to see mine
[12:09] {Chaeron} oh great......
[12:10] {BillyD} lol
[12:13] {Threei} CRDC maybe has it in itself... watching
[12:15] {Threei} dp, one word of caution if I may
[12:15] {Threei} do not consider RIMM your personal ASTM from now on and forever
[12:15] {Threei} ATM
[12:16] {Threei} they adopt readable patterns, then lose the tune
[12:16] {Threei} and if you don't spot the moment, you continue playing them by old rules which they do not obey anymore
[12:16] {dptl} yep as long as i can read it
[12:16] {Threei} it can happen even within a single day for a while
[12:17] {Threei} so gotta check for the following all the time
[12:19] {dptl} morning was ugly for me and then everything start working out
[12:34] {Threei} in CRDC
[12:36] {Threei} TREASURY'S STEEL: GLOBAL ECONOMY IS STRONG, US FUNDAMENTALS ARE HEALTHY
[12:36] {Threei} - Says housing decline is the most significant risk to the US economy, as US foreclosure rate is to remain elevated over the next 18 months
[12:36] {Threei} buyers have responsibility to understand mortgages, and mortgage providers must offer understandable information --- what a novel concept
[12:41] {Threei} RIMM level of interest for long again
[12:42] {Threei} +.49
[12:42] {Threei} come on CRDC, break 8
[12:47] {Threei} wanted RIMM around 106 this time... I guess I wanted too much
[12:48] {Threei} CRDC baby
[12:49] {Threei} offering 8.25, won't let it lose 8 on me, too close to eod
[12:50] {Threei} OK, out
[12:51] {Threei} too bad, if it had 1 hor mopre I'd get my 8.25 :)
[12:51] {Threei} worth watching tomorrow
[12:52] {Threei} sneaky thing, I like the way it quietly went up
[12:52] {BillyD} sneaky needham
[12:52] {Threei} lol
[12:52] {Threei} I like it
[12:53] {BillyD} good reads today Vad....
[12:53] {Threei} ty
[12:53] {Threei} not too active day
[12:53] {BillyD} no...but you are seeing very clearly
[12:55] {Threei} 3 eyes, you know...
[12:55] {BillyD} throw a blind man a cane...eh
[12:55] {Threei} (I know that's what cosmo was going to say, so I said it first)
[12:56] {Threei} argh, missed CSIQ diving to 16
[12:56] {Threei} OK guysd, thank you all
[12:56] {BillyD} ty
[12:56] {Threei} have a good evening, see you tomorrow
[13:01] {dptl} have a good evening see ya tomorrow all

November 15, 2007

Session Start: Thu Nov 15 00:00:00 2007

Session Time: Thu Nov 15 00:00:00 2007

[05:27] {bruce} morning all
[05:36] {Threei} morning bruce
[05:37] {Threei} *OCT CONSUME PRICE INDEX M/M: 0.3% V 0.3%E, CPI EX FOOD_ENERGY M/M: 0.2% V 0.2%E, CPI NSA: 208.936 V 208.900
[05:37] {Threei} *INITIAL JOBLESS CLAIMS: 339K V 320KE, CONTINUING CLAIMS:2.568 M V 2.575ME
[05:37] {Threei} - Prior Continuing Claims revised from 2.579M to 2.575M
[05:38] {Threei} *NOV EMPIRE MANUFACTURING: 27.4 V 19.0E
[05:39] {hawkfan4} good morning vad
[05:41] {bruce} hello hawk
[05:43] {Threei} hawk :)
[05:45] {hawkfan4} morning bruce
[05:45] {bruce} do you need to reset laser charts every morning vad?
[05:45] {Threei} no why?
[05:45] {bruce} I keep a few small thmbnail charts always open
[05:45] {bruce} each morning about half never open
[05:46] {bruce} I need to type in new stock symbol to get them to display anything
[05:46] {Threei} did you save the layout after you made changes?
[05:46] {bruce} yes
[05:46] {Threei} wait... never opens as in don't show anything, remaining blank? or window itself doesn't appear?
[05:46] {bruce} not a big deal
[05:46] {bruce} just a nuisance
[05:47] {bruce} well for example
[05:47] {bruce} one chart is of rimm
[05:47] {bruce} it says rimm
[05:47] {cosmo} ADLS pre mkt high = 2.95 ...so far
[05:47] {bruce} but nothing is showing
[05:47] {bruce} and there is an x in left corner
[05:48] {Threei} X is a sign that chart is not working, yes
[05:48] {bruce} if I type ibm that stock comes up ok
[05:48] {bruce} then I can type rimm again and it will be ok
[05:48] {Threei} but why it happens for you and not for me... no idea
[05:48] {bruce} I'm using vista
[05:48] {Threei} argh
[05:48] {Threei} POS
[05:48] {bruce} may be a glitch
[05:49] {bruce} about half come up and half dont
[05:49] {Threei} [ADLS] Advanced Life Sciences Cethromycin Achieves All Endpoints in Second Pivotal Phase III Trial for Treatment of Pneumonia
[05:50] {Threei} will be years or some unexpected event that makes me switch to vista
[05:52] {dptl} good morning all
[05:53] {Threei} dp :)
[05:53] {cosmo} LOCM pre mkt high = 4.51 ...so far
[05:53] {Threei} I don't see any LOCM news
[05:54] {cosmo} Local.com begins licensing local search tdchnology
[05:54] {cosmo} Briefing.com (Thu 7:02am)
[05:54] {Threei} ty
[05:54] {cosmo} :)
[05:55] {Threei} OPEC PRESIDENT: HIGH OIL PRICES ARE POTENTIALLY DANGEROUS; HIGH OIL PRICES HAVE A LIMITED IMPACT ON DEMAND
[05:55] {bruce} hi dp, cosmo
[05:55] {cosmo} bruce:)
[05:58] {Threei} NUAN GUIDES FY08 R$875-900M V 864.7M
[06:02] {esemde} good morning ....NUAN is back ehhhhhh
[06:02] {Threei} ese :)
[06:02] {Threei} morning fingers warm-up
[06:02] {Threei} grabbed half lot at 20, bailed at 20.07 and .06
[06:02] {Threei} made whole 25 bucks
[06:03] {esemde} nice work.....pre a post trding is a tough business
[06:03] {Threei} MICROSOFT TO PAY $46M TO ACQUIRE MUSICWAVE SA FROM OPWV
[06:03] {Threei} something's wrong with NUAN
[06:04] {Threei} dumping like there is no tomorrow
[06:04] {Threei} or there is but very bleak
[06:04] {bruce} hi ese
[06:05] {bruce} how are you dealaing w new celebrity status?
[06:06] {bruce} rimm appears to be at premarket low
[06:06] {dino} gm all;
[06:06] {bruce} want to try a bouce vad?
[06:07] {Threei} dino :)
[06:07] {bruce} hi dino
[06:07] {Threei} he is not really NEW celebrity bruce... name him to practically anyone in music scene here, everyone nods
[06:07] {Threei} bounce on what?
[06:07] {Threei} NUAN?
[06:07] {bruce} no answer - hes proably signing autographs right now
[06:07] {dino} gm bruce
[06:07] {bruce} rimm
[06:07] {Threei} or instructing his bodyguards to keep you away bruce
[06:08] {bruce} you bet - I'm dangerous
[06:08] {Threei} hmmm... not sure
[06:08] {Threei} RIMM is dangerous as it is, multiply by 3 premarket
[06:08] {bruce} about dangerous or the bounce?
[06:09] {Threei} lol, bounce
[06:09] {bruce} k
[06:09] {Threei} my take on premarket trading:
[06:10] {Threei} it takes something very very clear or extraordinary to make me do it
[06:11] {Threei} routine opportinities will be presented all over during normal market hours, why would I want to chase them in more risky premarket environment
[06:11] {bruce} k - same
[06:11] {bruce} I start looking at charts about premarket open - but don't trade those
[06:11] {Threei} same
[06:11] {bruce} spreads too big
[06:11] {Threei} shape up initial universe of stocks to watch
[06:15] {Threei} NTAP is back to yesterday's close
[06:24] {Roman} LDK alert
[06:25] {Roman} LDK sees Q4 $0.37-0.41 vs $0.39 Reuters consensus; sees revs $165-170 mln vs $163.12 mln Reuters consensus
[06:25] {Threei} too bad I couldn't short it for long term hold
[06:32] {Threei} NTAP short ,89
[06:32] {Threei} 27.01 stop
[06:33] {dino} rig hl l .13
[06:33] {Threei} out .65
[06:33] {dino} stop lod
[06:33] {Threei} 1:3 in seconds
[06:34] {Threei} 1:2 sorry
[06:34] {Threei} and if I had just a bit more patience...
[06:34] {bruce} missed it completely
[06:34] {bruce} never got it up in time
[06:34] {Roman} ETFC
[06:34] {bruce} nice trade bvad
[06:34] {Threei} it was there for a while after my post...
[06:36] {esemde} long CSIQ 14.93....
[06:36] {bruce} what do you call that ?
[06:36] {bruce} short continuation on pullback?
[06:37] {Threei} just short...
[06:37] {Threei} nice CSIQ ese
[06:39] {Threei} half out?
[06:40] {esemde} out CSIQ .35 +.42
[06:40] {Threei} wtg
[06:40] {esemde} still goin but i'll take my .42
[06:41] {dino} gj
[06:42] {Threei} as much as I would like to tell you "no, hold it"... my hardcore scalper's nature prevents me from lecturing anyone of taking profit :)
[06:42] {esemde} if it retraces i'lll think about the pull back
[06:42] {Threei} or consolidates and forms a range for breakout
[06:42] {Threei} SEED
[06:43] {esemde} yes
[06:43] {Threei} I don't swee any SEED news
[06:43] {Roman} GIGM
[06:43] {Roman} long off 21
[06:43] {Threei} thing dropped from highs deep enough to beconme a bounce play
[06:44] {Threei} 6.67 long half lot
[06:44] {Threei} OPEC PRESIDENT SAYS WILL NOT HESITATE TO INCREASE OUTPUT IF WARRANTED BY SHORTAGES
[06:46] {Threei} sheesh NTAP
[06:47] {bruce} ptry
[06:47] {Threei} living proof why I have no rights to tell anyone to hold longer
[06:47] {Threei} 09:46:50 ADMIN7 --} (All): NASDAQ has declared Self Help against the New York Stock Exchange (NYSE) as/of 9:34:45 E.T
[06:47] {Threei} what the heck does that mean
[06:48] {bruce} hmmm - maybe they're offering relaxation courses to nyse market makers?
[06:49] {dino} rig stopped -.34
[06:49] {Threei} 09:49:16 ADMIN7 --} (All): NYSE having systemwide problems!
[06:51] {esemde} long ESLR 13.23
[06:54] {esemde} out ESLR .43 +.20 scalp
[06:54] {Threei} wtg
[06:54] {Threei} ese is hot
[06:54] {Threei} if a quote is not updating, a market center can declare self-help, and must notify the destination(s) of its order flow that a self-help situation exists. In such a situation, NASDAQ will turn off its router to the market center (as it has in the past). What is new is the explicit declaration of a self-help situation.
[06:54] {esemde} tks....
[06:55] {bruce} congrats ese
[06:55] {bruce} no idea at all how you saw eslr as a ong but gald it worked for you
[06:56] {dino} gsol l .92, stop .46
[06:56] {esemde} done for the day basically....
[06:56] {Threei} ese is my hero... wake up, grab easy money, go about your life... or back to sleep
[06:57] {dino} great job ese
[06:57] {esemde} tks Vad....have a good mentor
[06:57] {esemde} Am just going to be watching and enjoying you all
[06:58] {Threei} care to introduce me to him?
[06:58] {esemde} sure he make great shikabob
[06:58] {Threei} OK, I think I finally found it
[06:58] {Threei} Nasdaq Self Help Declarations/Revocations messages (“Notices”). These Notices will alert participants that Nasdaq is experiencing communications issues with a particular market center. It is intended to cause members to perform an independent review of their communications with that market center and assess their trading obligations with respect to that market
[06:59] {Threei} just an aleret about troubles at certain market
[06:59] {bruce} translation - dont trade nyse now
[06:59] {Threei} yep, and for NYSE - "get your sh*t together
[07:00] {Threei} Roman's SATC is trying
[07:01] {Threei} CSIQ again
[07:01] {Threei} .20 break half lot long
[07:01] {dino} gsol stopped , major slippage -.60
[07:01] {Threei} only if stays above 16
[07:01] {bruce} yep - really rinsed on that one
[07:02] {dino} nose bleeding, they tagged me
[07:02] {Threei} CSIQ 1:1
[07:03] {Threei} exit into spike
[07:03] {Threei} out .60
[07:03] {esemde} nice work....
[07:03] {Threei} quick and easy .37, got it at .23
[07:03] {esemde} see.... i said i'd enjoy this
[07:04] {Threei} :)
[07:04] {dino} ati hl l .25, stop .83
[07:06] {dino} stopped. taking a break
[07:07] {bruce} major downspike - good you got out dino
[07:08] {Threei} 16.80 break CSIQ again, small shares
[07:08] {dino} yeah
[07:08] {Threei} geting riskier as moves higher
[07:08] {dino} off of .00 try again
[07:08] {dino} mkt wants up imo
[07:09] {Threei} exit here
[07:09] {Threei} quick 25 cents
[07:09] {dino} ok
[07:10] {bruce} nice vad - I didn't take it - looked like stop was about .29?
[07:10] {Threei} {--- major source of ese's enetrainment this morning
[07:10] {Threei} .29??
[07:10] {Threei} no way
[07:10] {Roman} long ESLR
[07:11] {bruce} k - thats last low I saw on one min
[07:11] {Threei} two bars before the break bottomed just above .50
[07:12] {dino} the only bar i see is a block up the street
[07:12] {bruce} k - I see that too
[07:12] {bruce} just wondering where I would have set stop if had taken it
[07:13] {bruce} thanx
[07:13] {Threei} I would replace it with candles dini, but I am scared even to think what kkinf of associations that could inbvoke in you
[07:14] {dino} lol
[07:14] {Threei} :)
[07:14] {Threei} NTAP .51 long
[07:14] {Threei} .39 stop
[07:15] {Threei} sheesh CSIQ
[07:15] {esemde} No kidding....
[07:16] {esemde} wowwwww
[07:17] {bruce} stopped ntap
[07:19] {dino} dwsn pop
[07:20] {Threei} DTSI small shares long if breaks .28
[07:21] {Threei} CSUN
[07:21] {Threei} .85 half lot long
[07:22] {bruce} stop .14 dtsi vad?
[07:22] {Threei} yes but slippage will likely take you out under .10
[07:22] {Threei} so small shares
[07:23] {bruce} k
[07:23] {Threei} ugh... mistype CSUN
[07:23] {Threei} .55 trigger
[07:24] {bruce} was wondering about that
[07:24] {bruce} big offer at .58 vad
[07:24] {Threei} and big bid at .50...
[07:24] {Threei} momo comes they all don't matter
[07:25] {bruce} k
[07:25] {Threei} no momo, even 1K offer will scare them off
[07:31] {Threei} *DOE CRUDE: +2.8M V -750KE; GASOLINE: +714K V -100KE; DISTILLATES: -2M V -200KE; UTILIZATION: 87.7 % V 86.7%E
[07:31] {Threei} *EIA NATURAL GAS INVENTORIES: -9BCF VS. -5 TO -10 BCF EXPECTED RANGE
[07:31] {bruce} csun stop to .39 would think?
[07:31] {Threei} yup
[07:32] {Threei} we are swimming in oil according to those numbers or what
[07:35] {bruce} bloody hell - stopped
[07:35] {bruce} sheesh
[07:37] {dino} thatkkind of day sop far, stops
[07:43] {Threei} CSIQ bounce candidate
[07:44] {Threei} as close to 16 as possible
[07:47] {Threei} missed... wanted it lower
[07:49] {bruce} actg long vad?
[07:50] {Threei} .40 break...
[07:50] {Threei} worth a try, half lot
[07:50] {Threei} stop would have to be under .20
[07:51] {bruce} k - was hoping .25 would be reasonalbe stop
[07:51] {Threei} .24
[07:52] {Threei} best I can do, sorry :)
[07:52] {Threei} I would have to go to my super to get you a better price
[07:52] {bruce} lol - understood - got to listen to market
[07:54] {Roman} SATC
[07:57] {dino} rimm 105
[07:57] {Roman} LOCM high
[07:59] {Threei} very nice read on SATC roman
[07:59] {Threei} I wish I had patience for this kind
[08:02] {Threei} bruce
[08:02] {Threei} offer it out
[08:02] {Threei} it's trading above 1:1 at the offer
[08:03] {Roman} GIGM spike
[08:03] {bruce} out
[08:03] {Threei} good
[08:03] {bruce} thanx
[08:03] {Threei} I don't care what it does next, you just need a win
[08:03] {bruce} 3 stops 1 win
[08:04] {bruce} probably should have stopped for day already butglad that one worked
[08:04] {Threei} I don't want to overdrill it... but review the calls
[08:04] {Threei} you skipped all winning ones, and fairly decent size of wins,
[08:04] {Threei} and picked two small stops
[08:05] {bruce} yes - missed winners
[08:06] {bruce} typical
[08:06] {Threei} the day you know why you do it, or learn how to overcome this is the day tyour trading turns around
[08:07] {bruce} it wan't intentional vad
[08:07] {bruce} busy looking for trades and look at this screen intermittently
[08:07] {Threei} of course not
[08:08] {Threei} but when it happens so often that you label it as typical
[08:08] {Threei} it's not an accident
[08:08] {bruce} it is typical
[08:08] {Threei} it's a pattern
[08:08] {bruce} you've seen it
[08:08] {bruce} don't see how that canhappen over and over
[08:08] {Threei} I have
[08:08] {bruce} I'm not screening what I take
[08:14] {esemde} have a great rest of the day everyone.....
[08:14] {bruce} see you ese
[08:14] {Threei} take cares ese
[08:14] {esemde} see ya bruce Vad...
[08:19] {bruce} wow - actg - wish I'd held half
[08:19] {Threei} no you don't
[08:22] {bruce} loh_ was good to exit withwin on all of it for sure
[08:30] {bruce} bucy dino
[08:33] {dino} dk
[08:35] {bruce} nyse is having connection issues dino
[08:36] {bruce} any read bphx vad?
[08:36] {Threei} not really
[08:37] {Threei} can do anything here
[08:37] {bruce} k
[08:44] {dino} abii
[08:45] {dino} can't be right
[08:45] {dino} spinoff
[08:46] {Threei} eeck
[08:47] {dino} for the mkt being down only a couple, stocks i watch are getting crushed
[08:47] {bruce} wow - almost 9$ spread
[08:48] {dino} we missed that, should've took a 100 shares short
[08:48] {bruce} probably not a great time to be swing trading - stocks seem to be pretty erratic
[08:49] {bruce} shell shocked here dino- looking for something a bit safer
[08:49] {dino} yeah, i'm not doing much
[08:50] {dino} watching dwsn for bottom and actg for spike up to short
[08:50] {dino} serious pin action imo, taking lots to the 5's and 0's
[08:50] {Threei} GNBT...
[08:51] {Threei} hate this stock... but seems to be climbing steadily
[08:52] {bruce} I thought you advised agains t stocks with such a small daily range vad
[08:53] {Threei} that's why I hate it
[08:53] {bruce} lol
[08:53] {Threei} it's eaither swing, or sclap type 1 if you can identify the setup
[08:53] {bruce} fwiw hon has really nice tend too - but who knows where it will reverse - and its nyse
[08:57] {bruce} do you find most of your winning trades tend to work out right away dino?
[08:59] {dino} no, my entries usually suck
[08:59] {dino} expect to be wrong...as i usually lose a dime on entry
[08:59] {bruce} not true - saw youcatch almost exact bottom or top multiple times
[09:00] {dino} small %
[09:00] {Threei} *NOV PHILADELPHIA FED INDEX: 8.2 V 5.0E
[09:00] {dino} but doesn't matter, size and stop matter. profits=luck... losses = skill
[09:00] {Threei} - New Orders: 3.5 v 2.7 prior
[09:00] {Threei} - Employment: 4.8 v 12.6 prior
[09:00] {Threei} - Prices Paid: 37.7 v 40.3 prior
[09:01] {bruce} k
[09:14] {bruce} ntap deciding whether to breakdown
[09:15] {bruce} thought on ntap vad?
[09:17] {dino} ms l .86 hl
[09:21] {Threei} tough one bruce...
[09:22] {bruce} k
[09:23] {dino} ms stop is .69 fwiw
[09:27] {dino} out -.17\
[09:31] {bruce} bad luck today dino
[09:32] {dino} yes, not my day, most likely end in red
[09:36] {bruce} rimm is dropping
[09:38] {dino} appy
[09:40] {dino} hl l .79
[09:44] {dino} stop is .49
[09:45] {bruce} thanx dino
[09:46] {dino} np
[09:53] {dino} almost like double ottom day on rimm, dwsn, rig, nyx, drys, tbsi, etc
[09:54] {dino} bottom
[09:56] {dino} tighen appy to b/e stalled
[09:57] {bruce} yes
[09:57] {bruce} exiting dino
[09:57] {bruce} no nerves today
[09:58] {bruce} gonna take a break
[09:58] {dino} brb
[10:11] {Threei} CSIQ, 16.10 worth a try long if not losing 15.90 anymore
[10:17] {Threei} wow... blast from the past... ADAM
[10:25] {Threei} half lot short ACTG right here
[10:25] {Threei} stop over .60
[10:26] {Threei} just counting in .50 continuing holding
[10:26] {dino} ehth
[10:28] {Threei} still going
[10:33] {dino} missed it
[10:33] {Threei} die ACTG
[10:34] {dino} you took it where?
[10:34] {dino} ok i see above
[10:35] {Threei} .47
[10:37] {Threei} 1:1... feels like has more in it...
[10:37] {Threei} bidding .15
[10:37] {Threei} won't let it go over .35 on me
[10:38] {dino} gj
[10:38] {Threei} half done
[10:38] {Threei} done in full
[10:39] {Threei} that was nice... no upticks, just died
[10:40] {dino} ehth s hl .55, stop .01
[10:41] {dino} gj
[10:44] {dino} bstop to .31
[10:44] {dino} to .12
[10:45] {dino} stopped .10, +.45
[10:46] {Threei} wow, gutsy one
[10:46] {Threei} ugh, ACTG still dropping
[10:46] {dino} something had to work, :)
[10:46] {Threei} LOCM some enthusiasm
[10:46] {dino} big bounce
[10:47] {dino} frpt
[10:49] {dino} frpt l hl .00, stop .73
[10:50] {Threei} some day I will be like dino, and will hold ACTG short for real move :)
[10:52] {dptl} still holding
[10:53] {dino} lol, i only get the big ones when they don't bounce to my trailing stop
[10:53] {Threei} ACTG dp??
[10:53] {dptl} yep
[10:53] {Threei} wow, you are patient one
[10:53] {dino} gj
[10:53] {Threei} this one never did dino... I just bid it into sharp drop
[10:54] {Threei} with trailing it would work for something like 16.80
[10:54] {Threei} and I covered 30 cents higher on average
[10:55] {Threei} I was tempted to say "bidded" but was scared of Raven
[10:56] {dino} lol
[10:56] {Threei} come on dp, it strengthens
[10:57] {Threei} trail to .86
[10:57] {Threei} please?
[10:57] {dptl} ah....covered .82
[10:57] {Threei} wtg
[10:57] {Threei} that was a grown-up trade
[10:57] {Threei} dino-like
[10:58] {dptl} +.58
[10:58] {dino} great job
[10:58] {dptl} thnx
[10:59] {Threei} one such trade can make whole day
[10:59] {Threei} and it was anything but stressful
[10:59] {Threei} lousy 10-15 cents stop
[11:00] {dino} fmcn
[11:01] {dino} apopy stopped -.04
[11:01] {Threei} in FMCN, stop just under .50
[11:01] {Threei} small of course
[11:04] {Threei} bids started chasing up
[11:05] {Threei} come on, move
[11:05] {Threei} nope
[11:06] {Threei} those were all real bids, and got sold into
[11:08] {Threei} can't decide if it's worth a second try
[11:17] {Raven} back ... "bidded" ... ohmygod
[11:18] {bruce} is ohmygod a word raven?
[11:18] {Raven} you bet
[11:18] {bruce} k
[11:18] {bruce} adding it to vacab learned here
[11:18] {Raven} yes
[11:21] {Threei} bidded is just as good as spreaded
[11:21] {Threei} or selled
[11:21] {Threei} or striked
[11:22] {Raven} {}
[11:22] {Raven} sheesh
[11:22] {Threei} {--- hiding
[11:22] {Threei} ummm... I should say "hided"
[11:22] {Raven} that does it
[11:22] * Raven slaps Threei around a bit with a large trout
[11:22] {Threei} uh oh
[11:22] {Threei} hided not too well I see
[11:22] * Raven slaps dino around a bit with a large trout
[11:23] * Raven and Chaeron too
[11:24] * Raven kicks magoo out of his tree stand
[11:25] {bruce} fmcn tricky ba@ta@d
[11:25] {bruce} new low then higher low confirmation of trend reversal
[11:27] {dino} lol\
[11:33] {bruce} dino - you would have given fmcn about 20c from new low for your stop if had traded it as reversal?
[11:39] {dino} y
[11:39] {dino} never hit me i was at 54.05
[11:39] {Threei} raven hit you
[11:39] {Threei} doesa it count?
[11:40] {Threei} I mean he hitted you
[11:40] {Threei} gosh, one day Raven is going to take a trip to Victoria just to suffocate me
[11:41] {bruce} ah - you mean your long entry is at .05 or your stop?
[11:41] {dino} long entry, stop was .69\
[11:41] {bruce} k - got you
[11:41] {dino} figured .00 would hold
[11:41] {dino} not trading it now tho
[11:42] {Raven} lol
[11:42] {bruce} looks like you read it right - doesn't seem to be done dumping yet
[11:42] {dino} can't figure out what this mkt wants today
[11:42] {Raven} your $$
[11:42] {bruce} lol
[11:42] {bruce} raven nailed it
[11:42] {Threei} sure... but why "today"?
[11:43] {Raven} because it is snowing ?
[11:43] {Threei} maybe I am paranoid... but it seems to me it always wants mine
[11:43] {Threei} rarely gets it though
[11:43] {Raven} heh
[11:43] {bruce} lol - got to learn to share vad
[11:43] {Threei} my streak continues so far, no single l,osing day in Nov
[11:44] {Raven} nice
[11:44] {Threei} I shared my fair share in 1996-1998 bruce
[11:44] {bruce} great
[11:44] {Threei} enough is enough
[11:44] {bruce} feel same
[11:44] {Threei} since then sharing goes one way
[11:44] {bruce} done done done w sharing
[11:51] {dino} bidu -24
[11:52] {Threei} -26 you mean
[11:53] {dino} lol
[12:00] {dino} rimm back to 100
[12:09] {Threei} getting tempted by RIMM
[12:09] {dino} same thinking overnight
[12:09] {dino} same w/bidu small
[12:11] {Threei} in for a scalp
[12:11] {Threei} .28
[12:12] {Threei} happily out
[12:12] {Threei} .65
[12:15] {Threei} sigh
[12:15] {Threei} do I ever grow up
[12:17] {bruce} why would you want to vad?
[12:17] {Threei} I wanna be like dino
[12:17] {bruce} would make you an "old fart" as the kids say
[12:17] {bruce} lol
[12:17] {Threei} ummm
[12:17] {Threei} am afraid I am there already, lol
[12:18] {dino} dino is younger than vad
[12:18] {bruce} just get yourself one of those funny circus mirrors
[12:18] {Threei} dino gets bigger moves
[12:18] {bruce} lucky you dino
[12:18] {bruce} youth
[12:18] {dino} missed both, my kids distracted me
[12:18] {bruce} \good lucks
[12:18] {bruce} and good lucks in the markets
[12:18] {bruce} what more could you ask for?
[12:19] {bruce} lol
[12:20] {dino} bidu up 6
[12:22] {bruce} yes -i like dinos plays too- like the larger moves
[12:24] {Threei} don't take my blabbing too seriuosly bruce
[12:24] {Threei} what I do works for me for many years
[12:24] {Threei} indivudual personalitytraits form the way of trading
[12:24] {dino} you have to find your own style bruce.
[12:24] {bruce} understood
[12:24] {Threei} and I am a bit too old to change my personality
[12:25] {Threei} entire process of learning to trade is nothing more than process of learning what you are
[12:26] {Threei} and how to transfer this knowledge into what youi do
[12:26] {dptl} yep...i am still trying to figure that out
[12:26] {bruce} me too
[12:26] {bruce} does shallow count?
[12:27] {Threei} that would be me
[12:27] {dino} lol
[12:27] {Threei} so yes it doesa
[12:27] {bruce} damn - hoped not
[12:27] {Threei} tree good, fire bad
[12:27] {Threei} this deep wisdom is enough to trade correctly
[12:28] {Threei} profit good, loss bad - there, try to beat this
[12:28] {bruce} lol
[12:28] {Threei} now, the real shocker bruce:
[12:28] {bruce} possible reversal setup cmi dino
[12:28] {Threei} if you think the right way to trade is much different from what I just said, you are mistaken
[12:29] {Threei} it's just that it takes a lot of complications to arrive at this simplicity
[12:29] {Threei} but when things click for you, you find out that this is really that simple
[12:29] {bruce} well - starting to think I'm just cursed
[12:30] {bruce} would have quit long ago if had any brains
[12:30] {Threei} there is a good reason why dino repeats all the time "keep it simple"
[12:30] {Threei} noone is cursed
[12:30] {Threei} you are looking in a wrong place
[12:31] {Threei} and if I thought like that, I would have quit somewhere in a course of my first two years
[12:31] {Threei} what a shame that would be
[12:31] {Threei} RIMM ready again
[12:31] {bruce} you haven't noticed my knack for jinxing your own callsw?
[12:32] {Threei} nope
[12:32] {Threei} you just pick out of them
[12:32] {Threei} some work some don't
[12:32] {Threei} normal for me
[12:32] {Threei} most work as you can see easily if you go over log
[12:34] {Threei} but when you try to pick only working ones you ruin the very core of the approach
[12:34] {dino} right
[12:34] {dino} 'cause you mess w/the system
[12:34] {dino} crrc
[12:34] {bruce} I don't do that though
[12:34] {Threei} yep, tryying to beat the odds
[12:34] {Threei} no?
[12:35] {bruce} laptop is not in direct view
[12:35] {Threei} each day you follow several losing ones while skipping several winning ones
[12:35] {bruce} so sometimesw I don't see trade till after it fires
[12:35] {dino} thin
[12:35] {dino} ccrc i mean
[12:35] {Threei} didn't think you meant me
[12:35] {Threei} 'cause am not
[12:36] {Threei} but am trying
[12:36] {Threei} diet... exericise...
[12:41] {Raven} lol
[12:43] {Threei} tell me you got RIMM near 101 dino
[12:44] {dino} cmi l hl .75
[12:44] {Threei} 'cause I did... but being putz I am sold 101.65
[12:44] {dino} stop lod
[12:46] {dino} no
[12:46] {dino} cmi instead
[12:46] {Threei} :(
[12:46] {Threei} you would have held to 103
[12:46] {Threei} unlike shmuck me
[12:46] * Threei slaps dptl around a bit with a large trout
[12:46] {Threei} there... I feel better now
[12:47] {dptl} i would...lol
[12:47] {Threei} lol
[12:48] {Threei} underexploited RIMM today for some reason
[12:48] {Threei} just 3 trades
[12:48] {bruce} cmi w 113 breakand 112.50 stop dino?
[12:49] {dino} y
[12:49] {bruce} k
[12:49] {bruce} maybe i'm learning
[12:53] {Threei} argh
[12:53] {Threei} missed RIMM on dive under 102
[12:53] {Threei} wanted last scalp for the day
[12:54] {bruce} since when you starte to play stuff like rimm vad?
[12:55] {Threei} when it became readable
[12:55] {Threei} it stops I quit
[12:55] {Threei} I don't really have any preferences for stocks, I go where activity and readability is
[12:55] {Threei} and risk control within my tolerance of course
[12:56] {Threei} never could control DRYS for instance, never playing it
[12:56] {Threei} same for GOOG
[12:56] {Threei} very rarely BIDU
[12:56] {Threei} LULU was readable for a while then stopped
[12:56] {dino} frpt out flat
[12:57] {Threei} RIMM is great player these days, I am close to 80% on it
[12:57] {Threei} AAPL, AMZN same thing - sometimes can get a read on them, more often not
[12:57] {bruce} k
[12:58] {Threei} when there are no easy momo stocks, I just surf over all the usual suspects
[12:58] {Threei} if one of them shows good read, I founf my bread and butter for the time being
[12:59] {dino} cmi out .73-.02
[13:00] {Threei} ok guys, thank you
[13:00] {Threei} have a great evcening
[13:00] {Threei} see you tomorrow
[13:00] {bruce} wtg dino
[13:00] {bruce} thought you would get stopped
[13:00] {dino} had .50, but f'ck'd up
[13:00] {dino} down day, hope i didn't hurt anyone
[13:01] {bruce} it dropped below .5
[13:01] {Threei} you hurt my faith in humanity dino
[13:01] {bruce} worked ok to hold and get out at be
[13:01] {dino} i was in at .75, see above
[13:01] {bruce} yes
[13:01] {bruce} good exit
[13:02] {dino} 70$+ stocks i use about .50 on the stops
[13:02] {bruce} k
[13:02] {bruce} was thinking same
[13:02] {bruce} still pretty tight for those moves
[13:02] {bruce} they go tht fqar in 1 min candle
[13:03] {bruce} 6 down days in row for me
[13:03] {bruce} see you guys in am
[13:03] {dino} later bruce
[13:03] {bruce} yep