May 07 2008

Session Time: Wed May 07 00:00:00 2008

[08:32] {Threei} Q1 PRELIMINARY NONFARM PRODUCTIVITY: 2.2% V 1.5%E; UNIT LABOR COSTS: 2.2% V 2.6%E
- Prior Nonfram Productivity revised from 1.9% to 1.8%
[08:32] {Threei} - Prior Unit Labor Costs revised from 2.6% to 2.8%
[08:33] {Threei} ENZN
[08:33] {Threei} REPORTS Q1 $0.03 V -$0.09E, R $ 48.8MV $45ME
[08:35] {magoo} morning
[08:35] {Threei} good morning
[08:36] {hawkfan4} good morning all
[08:36] {Threei} hawk :)
[08:38] {Onix} Morning you 5
[08:38] {magoo} whats with FWLT vad
[08:39] {Threei} 06:45am [FWLT] Reports Q1 $0.85 v $0.73e, R $1.80B v $1.48Be
[08:41] {Onix} Hi Vad, any advice please for someone who only has the first hour and the last hour of the market to trade?
[08:42] {Threei} nothing drastically different... take valid setups, stay away from emotional entries...
[08:42] {Threei} you do things by the book, profit will follow
[08:43] {Threei} stay away from slow ones that are not likely to resolve within your limited time window
[08:43] {Onix} Thanks. You don't often trade @ end of day?
[08:43] {Threei} depends on if there is something to trade
[08:44] {Threei} I change my activity and aggresiveness level depending on time of the day,
[08:44] {Threei} but there is no fast rule that forbids trading at this or that time
[08:44] {Threei} valid setup will get me into trade
[08:45] {Threei} FED'S KROSNZER: JUMP IN MORTGAGE FORECLOSURES IS AN URGENT PROBLEM
[08:45] {Threei} really?
[08:45] {Onix} May I bother you and ask here if there is anything worthwhile to trade when I come in for lunch @ last hour?
[08:46] {Threei} sure... but trust me, I report all my findings to the room :)
[08:46] {Threei} it's highly unlikely that I have something, keep it to myself and will share only on demand :)
[08:47] {Onix} Thanks
[08:47] {Threei} sometimes I feel particularly evilish of course
[08:48] {Onix} no, i don't believe that one
[08:48] {Threei} but I usually am able to manifest it in slapping dave
[08:48] {Threei} which brings desirable relief
[08:48] {Onix} yes, I have noticed you slapping Dave quite often with a trout?
[08:48] {Threei} yup
[08:48] {Threei} try it, it's fun
[08:49] {Onix} lol
[08:49] {Threei} FED'S KROSZNER: FORECLOSURES LIKELY TO HAVE RISEN FURTHER IN Q1;
[08:49] {Threei} - Lenders should consider mortgage writedowns
[08:49] {Threei} - Fed encouraging mortgage loss mitigation
[08:49] {Threei} - Home vacancies have negative effects on cities
[08:49] {Threei} - Urges congress to pass Fannie and Freddie regulator bill
[08:49] {fernp} good morning
[08:49] {Threei} fernp :)
[08:51] {Onix} since when is it the government's job to bail out investment banks and real estate companies?
[08:51] {Threei} that's a very good question
[08:52] {Threei} another good question is why Fed saves economy and ignores inflatiuon while controlling inflation is its major mandate
[08:52] {Threei} or why do they "save economy" by pumping more free money in the system that is already crumbling under weigth of debt
[08:52] {Onix} it all seems far more like a prop-up rather than solutions
[08:53] {Threei} very much so
[08:53] {Threei} and the chain is painfully obvious:
[08:54] {Onix} chain?
[08:54] {Threei} pump more money and cut rates - kill dollar - raise commodity prices - increase inflationary pressure even more by rising prices of oil, food etc
[08:55] {Onix} does not make a lick of sense
[08:55] {Threei} no... but that's what they are doing
[08:55] {Onix} one has to ask: who gains in these situations?
[08:55] {Threei} can we hope they have master plan that we just don't understand yet?
[08:56] {Threei} or it's more likely that they simply pour water whereevr more fire is right now?
[08:56] {Onix} that must be it
[08:56] {Onix} crisis management
[08:57] {Onix} goverment becoming a huge fire brigade
[08:57] {Threei} which is fancy word for "let's save out behind today, damn the consequences tomorrow"
[08:58] {Threei} the only silver lining that I see is,
[08:59] {esemde} morning all..dp fern hawk mags onix tom...back in victoria...and ready to roll ....sort of
[08:59] {Threei} talk about $200 oil became so wqidely accepted, we have a chance to see market once again doing the least expected thing
[08:59] {Threei} ese :)
[08:59] {esemde} hey Vad....
[08:59] {Onix} we think it's gonna run up huge and then it plunges?
[09:00] {Threei} don;'t know...
[09:01] {magoo} SNCR cut in half
[09:01] {_aosdaveg} morning
[09:01] {Threei} dave :)
[09:02] {Threei} ENZN gaps over resistance with no trades
[09:03] {Threei} CSUN touching close to yest high
[09:03] {hawkfan4} FRPT over 4
[09:03] {Threei} no news
[09:04] {Threei} can be a play on this break but it's more like swing
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:07] {dino} onix, who gains...the politicians, who else, and why else. they are the only ones talking about it.
[09:08] {esemde} ONNN showing up on anyones screen
[09:08] {dino} i am still laughing on hillary, i voted to give you $600, and now want to cut the gas tax, but i also want to drastically raise all taxes next year
[09:09] {dino} because next year i am not up for election
[09:09] {dino} y es
[09:09] {Threei} isn't it nice
[09:09] {esemde} who was the ultimate winner yesterday dino?
[09:10] {dino} ?
[09:11] {esemde} is it over yet....i mean
[09:11] {esemde} Hilary or Obama.....whos the democratic nominee?
[09:12] {dino} no, in november
[09:13] {dino} 6 more months on nonsense
[09:19] {Onix} it is all so tiring already dino
[09:19] {Onix} all those fake sniles and what have ya
[09:20] {Onix} smiles
[09:20] {Onix} fake
[09:29] {Threei} FRPT pullback to 4 will be interesting for entry
[09:32] {Threei} solars strength
[09:33] {esemde} my solar screen looking pretry green
[09:34] {Threei} SOLF .16 long if stays above 15
[09:35] {Threei} half lot
[09:35] {Threei} volastile
[09:35] {esemde} bstop DTV 26.81 1/2 lot
[09:35] {magoo} in .16
[09:36] {esemde} Long DTV
[09:37] {Threei} CSUN .74 long
[09:37] {Roman} 21 long CPSL small
[09:37] {Threei} stop under .50
[09:37] {Roman} 21 3.83
[09:38] {Threei} no skaing out please SOLF
[09:38] {Threei} shaking
[09:38] {esemde} DTV stop .69
[09:40] {Threei} SOLF over 1:1
[09:41] {Threei} FRPT didn't really give chance for entry
[09:42] {esemde} DTVback to my fill point...hmmmmmmm
[09:42] {pita} solf ty vad
[09:42] {Threei} welcome
[09:43] {dino} ghdx
[09:43] {esemde} if DTV turns around for me hear it should be Ok...higher low theory
[09:44] {esemde} gotta break .95 or i'm out
[09:45] {Threei} AMKR 12.01 long if stays above .90
[09:47] {Onix} in @ 12.01
[09:47] {Onix} AMKR
[09:47] {esemde} amkr taking off Vad
[09:47] {Threei} hopefully
[09:48] {esemde} no vear to geet un for me though
[09:48] {Threei} 1:1 easy... not a scalp for me, decide what you want from it
[09:49] {Roman} 21 long COIN
[09:50] {Threei} half out .19
[09:50] {Threei} stop to .99
[09:50] {esemde} nice bounce up for the NDX
[09:52] {Threei} good one CPSL Roman
[09:54] {esemde} DTV at 3month high
[09:54] {esemde} .98
[09:55] {dino} ghdx l .20
[09:58] {Threei} CSUN holding by fingertips... but still holding nonetheless
[09:59] {esemde} same with DTV holding by fingertips
[10:00] {esemde} should take a shot at 27 though
[10:02] {Onix} out .28 AMKR, thanks Vad, only took 500 though
[10:04] {Threei} welcome :)
[10:04] {Threei} hit 1:3
[10:04] {Threei} not too shabby
[10:05] {Threei} stopped CSUN
[10:07] {Onix} good one Vad
[10:08] {dino} fwlt l; .10
[10:08] {Threei} this one desrves prize:
[10:09] {Threei} PRESIDENT BUSH: REITERATES CONCERN ABOUT THE HIGH PRICE OF GASOLINE
[10:10] {dino} hlex l .30
[10:10] {Threei} RIMM .70 long
[10:10] {Threei} stop under .50
[10:11] {Threei} got .73
[10:12] {Roman} 21 long MPEL
[10:12] {Roman} 21 14.58 small
[10:12] {Threei} out +.30
[10:13] {tomg} me too, ty vad
[10:13] {Threei} too soon
[10:13] {Threei} worth reentry but hard to call
[10:13] {Threei} see if you get a read
[10:14] {Threei} in
[10:14] {Threei} stop under .70
[10:14] {hawkfan4} .80
[10:14] {Threei} .81 :)
[10:15] {Threei} NQ weakens
[10:16] {magoo} where? lol
[10:17] {Threei} OK... NQ strengthens
[10:17] {Threei} :)
[10:17] {_lisa_jay} alvr
[10:17] {Roman} 21 out CPSL +.36
[10:18] {Threei} no worky
[10:18] {hawkfan4} nope, whippy out there
[10:18] {dino} out hlex .60, +.30
[10:19] {Roman} 21 FEED
[10:19] {Roman} 21 long setup, wild one
[10:19] {Roman} 21 looking for small pullback
[10:20] {esemde} FFIV keeps on climbing
[10:21] {Roman} 21 FEED maybe a 20.75
[10:21] {Roman} 21 break
[10:22] {judijim} goooood morning all
[10:22] {Threei} jj :)
[10:23] {esemde} jj
[10:27] {Onix} ALTR tripple bottom or what?
[10:28] {Threei} who knows... kind of listless chart
[10:28] {Onix} horrible!
[10:29] {Onix} especially when you are in it
[10:30] {Threei} DOE CRUDE: +5.65M V +1.5ME ;
[10:30] {Threei} GASOLINE: +794K V -200KE ; DISTILLATES:-107K V +1ME ;
[10:31] {dino} genc
[10:37] {Roman} 21 long SOLF small 14.40 bouncer
[10:39] {Roman} 21 CPHD
[10:39] {Roman} 21 long setup
[10:40] {Roman} 21 in CPHD small 24.22
[10:41] {Chaeron} good morning all
[10:41] {Threei} chaeron :)
[10:42] {esemde} hmmmmmm as Vad would say...sometimes you are the windshield and sometimes you are the bug....if DTV drifts any lower i become the bug...
[10:43] {tomg} any read rimm, vad?
[10:43] {Roman} 21 out SOLF +.23
[10:43] {Threei} up... but I have no entry
[10:43] {Threei} nice catch Roman
[10:44] {esemde} Vad let me ask you something.....did I hold onto it to long....should I have taken it when it was .98
[10:44] {Threei} 134 seems to be in cards easy
[10:44] {Threei} in hindsight, yes... but you know how much that is worth :)
[10:45] {esemde} true
[10:45] {Roman} 21 out CPHD +.23
[10:45] {Threei} see, my wway to play this kind of things:
[10:45] {esemde} well its a good trade am sticking to the rules....still have the stop in there......ya never know i guess
[10:45] {Threei} this is agressive entry on daily chart, right before major resistance break at 27,
[10:46] {Threei} but such breaks are iffy in a sense:
[10:46] {Threei} if they occur, they tend to catapult stock,
[10:46] {Threei} if rejected, it dies
[10:46] {Threei} so with aggressive entry, when tock comes to such resistance,
[10:46] {Threei} I prefer to take half off the table
[10:46] {Threei} and keep half for possible break, to maximize profit
[10:47] {Threei} while first sale protects what I already got in case break is rejected
[10:47] {esemde} so maybe i should have gone full lot....
[10:48] {esemde} opps...stopped .68.......-.14
[10:51] {dino} fwlt stop to .60
[10:52] {dino} out +.50
[10:52] {Roman} 21 long JADE small 3.15, all day trade
[10:52] {dino} out ghdx .60, +.40
[10:53] {Threei} CSIQ small shares long on .80 break
[10:56] {Threei} invalidated
[10:58] {Threei} oil 122?
[11:00] {hawkfan4} yep, that was one wild move
[11:00] {dino} ptsak?
[11:01] {Threei} dino... this is family room
[11:01] {Threei} no dirty words
[11:01] {dino} =53
[11:01] {dino} +
[11:01] {dino} one trade, crewed up
[11:03] {dino} ok, my typing sucks, +53, one trade, screwed up
[11:03] {magoo} no worse than vads dino
[11:05] {Threei} that's not possible
[11:05] {Threei} I proudly hold the title of world's wosrt typist
[11:05] {Threei} now and then magoo tries to compete... in vain
[11:10] {dino} crnt s .78, stop .01
[11:13] {Threei} RIMM disconnected from NQ
[11:13] {Threei} tought to read it without leading indicator
[11:13] {Threei} tough
[11:14] {tomg} good one earlier, though, vad,
[11:15] {tomg} ty for that one, gotta go, see ya tomorrow
[11:19] {dino} cya tom
[11:22] {Roman} 21 GLBL long
[11:24] {Roman} 21 17.69 with a stop at 17.47
[11:32] {Threei} RIMM bounce zone
[11:34] {dino} fwlt l .00
[11:38] {Threei} PRFT
[11:38] {Threei} TARGETING Q2 GAAP EPS OF $0.13-0.14
[11:43] {dino} crnt bstop to .51
[11:43] {judijim} taking break be back soon
[11:50] {dino} cov crnt .50, +.29
[11:50] {dino} opps, +.28
[11:52] {dino} clwr l .42
[12:01] {Threei} boring day
[12:04] {magoo} boring week
[12:04] {magoo} boring month
[12:04] {magoo} boring year
[12:04] {Threei} boring century
[12:04] {Threei} boring millenium
[12:06] {Threei} but I know what will make us fell better
[12:06] * Threei slaps Laserdave1 around a bit with a large trout
[12:06] * magoo slaps Laserdave1 around a bit with a large trout
[12:06] {Threei} did it work mags?
[12:06] {magoo} yeah..i feel better
[12:06] {Threei} 'cause if not, I have one more recipe
[12:07] * magoo slaps Chaeron around a bit with a large trout
[12:07] {magoo} that it??
[12:07] {Threei} that'll do too... but I had something else in mind
[12:07] {magoo} proceed sir..........
[12:07] * Threei slaps _aosdaveg around a bit with a large trout
[12:08] {magoo} ah...........nice...may i??
[12:08] {Threei} may? you must
[12:08] * magoo slaps _aosdaveg around a bit with a large trout
[12:09] {Threei} and there was no second of it that wouldn't be fun
[12:09] {Threei} well... at least fun in a sense I understand it, and that means 14 years old boy fun
[12:09] {Threei} nah... 11 years
[12:18] {dino} lamr l .30
[12:29] {Threei} with all this selling, we are still 20 points NQ above yesterday's low
[12:29] {Threei} kind of in the middle of nowhere
[12:30] {Threei} no indication of what's next
[12:34] * Chaeron slaps _aosdaveg around a bit with a large trout
[12:34] {Threei} goiod morning chaeron
[12:34] * Chaeron slaps Laserdave1 around a bit with a large trout
[12:34] * Chaeron slaps magoo around a bit with a large trout
[12:35] {Threei} you were in a coma or what?
[12:35] {Chaeron} still am
[12:35] {Threei} ah... that explains serious delay
[12:37] {Threei} OK, let's see if things get shaped up again
[12:37] {Threei} RIMM .51 long if stays above .35
[12:38] {Threei} more like testing water
[12:38] {Threei} so keep it small
[12:39] {magoo} in
[12:40] {dino} lamr stop to .74
[12:41] {magoo} in aapl too
[12:41] {Threei} 1:1 was easy
[12:41] {dino} out lamr .79, +.49
[12:41] {Threei} if can chew through this .71 offer, will be capable of more
[12:42] {Threei} wtg dino
[12:42] {dino} ty
[12:48] * Threei kicks RIMM in the rear with heavy duty army boots
[12:50] {Threei} hmmm... can't remember my kick being so ineffective
[12:50] {Threei} gotta try steeo toes I guess
[12:50] {Threei} steel
[12:52] {Threei} there... that's better
[12:53] {magoo} wow
[12:53] {Threei} stay clear of kick radius mags
[12:53] {Threei} 40 cents vs 15 cents risk
[12:53] {Threei} make your decision here
[12:54] {magoo} could u kick asapl?
[12:54] {dino} whats that applesauce?
[12:54] {Threei} who is asapl?
[12:55] {magoo} sigh.aapl
[12:55] {Threei} ah
[12:55] {Threei} just wanted to make sure I don't kick someone decent
[12:55] {Threei} there you go
[12:55] {Threei} 50 cents RIMM, me out
[12:56] {magoo} out here .17 TY
[12:56] {Threei} wtg
[12:56] {Threei} now, fess up... you have more patience than I do or you simply fell asleep in the middle of the trade?
[12:57] {magoo} well............
[12:58] {Threei} I really hope for latter
[12:58] {Threei} it would mean I am not the only one doing that
[12:59] {dino} clwr stop to .82
[13:02] {Threei} TREASURY'S $15B 10-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.21 V 2.34 PRIOR AND AVERAGE OF LAST FIVE AUCTIONS
- indirect bidders take 28.4% of competitive bids
[13:02] {Threei} - notes draw 3.937%
[13:02] {dino} out clwr .83 +.41
[13:07] {Threei} volume of this selling and its "verticalness", if that a word, look like there is news causing this
[13:07] {Threei} none that I see though
[13:08] {Threei} bounce soon RIMM
[13:09] {Threei} probably one more leg down
[13:09] {Threei} will be next to impossible to call it in time
[13:09] {Threei} either you get a read on it or stay away
[13:10] {dino} calm
[13:11] {Threei} in
[13:11] {Threei} stop under .90
[13:13] {Threei} doesn't look encouraging
[13:14] {Threei} stopped
[13:14] {Threei} maybe just a little shake but I am not taking chances
[13:15] {magoo} what enytry u get?
[13:15] {Threei} .04
[13:15] {magoo} me too exact
[13:16] {Threei} and .87 stop
[13:16] {magoo} .84
[13:19] {Threei} notice, all our morning plays died completely since we took profits
[13:20] {esemde} see ya all...gone for the day
[13:20] {Threei} on one hand, it keeps us from scalper's regret, lol
[13:20] {Threei} take care ese
[13:20] {Threei} but truth be told, I would prefer them to leave us in dust
[13:21] {Threei} SOLF, AMKR
[13:21] {Threei} look where we exikted and where they are now
[13:25] {Threei} tells us, it's still a scalper's market
[13:27] {magoo} yep
[13:27] {magoo} and its not even friday
[13:34] {Threei} GEORGE SOROS: "ACUTE PHASE" OF CRISIS LARGELY BEHIND US, THOUGH IMPACT ON US ECONOMY HAS 'ONLY BEGUN' TO BE FELT; THIS IS 'A BEAR MARKET RALLY'
[13:38] {Threei} RIMM shaort
[13:38] {Threei} short
[13:38] {Threei} try to get a bounce
[13:38] {Threei} here
[13:38] {Threei} stop .15
[13:39] {Threei} needs NQ to lose 1975 to work for real
[13:39] {Threei} there
[13:40] {Threei} about 30 cents
[13:40] {Threei} looks good for more
[13:40] {Threei} but let's poartial out
[13:41] {Threei} stop 132.01 for the balance
[13:41] {Roman} 21 SIRF high
[13:44] {Threei} out in full
[13:44] {Threei} +.85
[13:45] {magoo} 'nice vad
[13:46] {Chaeron} wow
[13:47] {Threei} wow is right
[13:47] {Threei} should I cry?
[13:47] {Chaeron} thank goodness I kept my stops on the long side.... couldn't get short fast enough... great call
[13:47] {Threei} or should I be aware that you are going to be very scared seeing me crying?
[13:47] {Chaeron} no... get us the bounce... tears get in the way
[13:48] {magoo} bounce somewhere vad
[13:48] {Threei} well, if this is not the spot for a bounce, I don't know what is
[13:48] {magoo} in .65
[13:50] {Chaeron} missed
[13:50] {Threei} ??
[13:50] {Threei} it sat here for a minute
[13:50] {Threei} you fall sleep during pushing buy button?
[13:50] {Chaeron} had some stupid box accidentally checked.,... not in execution mode...... whatever
[13:50] {Chaeron} #&*#&@&#$
[13:50] {Threei} yikes
[13:51] {Threei} magoo... you are in 3 cents above the low... if that's not a remarkable entry for such volatile stock
[13:51] {magoo} i'm a remarkable guy
[13:52] {Threei} modest too
[13:52] {Threei} don't oversit it, be humble
[13:52] {magoo} remarkibly so : )
[13:52] {Threei} hehe
[13:52] {Threei} this is one scared market today
[13:53] {Threei} you have a purpose to make money - not to make all money there is
[13:53] {magoo} out
[13:53] {Threei} surest way to get killed is to go for a killing
[13:57] {Onix} wise words thanks .. just a little too late today
[13:58] {Threei} I just realized... we haven't got a single word yet from our favorite stress-reliever
[13:58] * Threei slaps Laserdave1 around a bit with a large trout
[13:58] {Onix} but I will try and remember next time
[13:59] {Threei} jerky market - stay with scalps
[13:59] {Threei} especially in situation like this, where you go against the grain
[13:59] {Threei} RIMM established powerful downtrend, long for bounce is just a scvalp
[14:00] {Threei} that's why you sasw me partialling and holsding on short while jumping out of the water rather quickly on long
[14:05] {magoo} bounce here vad?
[14:07] {magoo} in .48
[14:07] {Threei} yup, valid play
[14:07] {Threei} stop under .30
[14:08] {magoo} bounce asapl too..in .50
[14:08] {dino} sm l calm .14
[14:09] {Chaeron} in RIMM .48 too
[14:09] {magoo} OY
[14:09] {Chaeron} kiss of death?
[14:10] {magoo} most likely
[14:10] {Chaeron} short it then
[14:10] {magoo} ufirst
[14:12] {Threei} come on RIMM{ reverse already
[14:13] {magoo} asapol too
[14:14] {magoo} steel tore vad
[14:15] {Threei} nope
[14:16] {Chaeron} -.26 stopped RIMM
[14:17] {dino} last try l sm fwlt .00
[14:20] {magoo} that sucked
[14:20] {Threei} ?
[14:22] {Threei} what did?
[14:23] {dino} stopped
[14:31] {dino} pretty fast 100 pt drop dji
[14:32] {Threei} oil over 123
[14:32] {Threei} gold 871, down 6.5
[14:32] {Threei} disconnects are everywhere
[14:38] {Threei} did govt announced a war somewhere and forgot to tell us?
[14:39] {dino} nah, not this time
[14:49] {Threei} US SENATE DEMOCRATS PROPOSE 25% WINDFALL PROFITS TAX AND END TO $17B IN TAX BREAKS TO OIL FIRMS- Energy bill would halt SPR fill, require CFTC to boost margin requirement for oil futures.
[14:52] {Threei} so, anyone sees anything warranting this panic?
[14:54] {dino} well, i see the price of oil rising on this\
[14:55] {dino} think carter did the same thing in the 70's, widfall profit tax, etc
[14:57] {dino} ok, back in 10, hard stop calm .88
[14:58] {Chaeron} I'm moving to Canada - not as socialistic
[14:59] {Threei} you'd think so
[15:00] {Threei} *MARCH CONSUMER CREDIT: $15.3B V $6.0BE
- prior revised from $5.2B to $6.5B
[15:01] {Threei} U.S. CFTC TELLS CONGRESS MARKET MANIPULATION IS NOT THE CAUSE OF HIGH COMMODITY FUTURES PRICES
[15:02] * Threei slaps CFTC around a bit with barrel of oil and gold bulllion
[15:13] {Threei} wake up guys, it's boring to watch this show alone
[15:13] {Threei} I run out of popcorn
[15:14] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzz
[15:14] {Threei} I'll take that
[15:15] {_aosdaveg} i see CNBC is doing the challenge again
[15:15] {Threei} they recycle their list of useless things to do?
[15:16] {Onix} any good short candidates?
[15:16] {dino} pretty much, thats why volume is off
[15:16] {dino} thinking long onix, fwiw
[15:16] {Threei} I would be very hesitant to short here onix
[15:17] {Onix} is this a good time to ask why you say that?
[15:17] {Threei} selloff feels really overextended for the day
[15:17] {Threei} not to say it cannot continue,
[15:17] {Onix} OK ty
[15:18] {Threei} but it's about odds and risk, right?
[15:18] {Threei} odds diminish with each next leg down,
[15:18] {Threei} risk increases
[15:19] {Onix} sometimes it feels as if I still have too much to learn
[15:19] {Threei} add all patterns of late,
[15:19] {Threei} which were rather on a side of sudden reverses
[15:19] {Threei} than continuation
[15:19] {Threei} if times have changed, I want to see it first, before committing
[15:20] {dino} just think opposit onix, most of what is ingrained from cnbc is wrong
[15:20] {Onix} some light is breaking through the fog on my few brain cells now
[15:20] {dino} down big, i look long, up big i look short....i'm a simple main
[15:21] {dino} man
[15:21] {Onix} contrary I would say
[15:21] {dino} vad is right tho, always think probabilities, thats all it really is
[15:21] {dino} :)
[15:21] {Threei} sorry onix, I have to ask this
[15:22] {Onix} what about the trend is your friend?
[15:22] {Threei} [15:20] {Onix} ... my few brain cells now
[15:22] {Threei} you have breain cells? even few? you are Einstein here then
[15:22] {Threei} because I decisively refuse to have any
[15:22] {Onix} Vad, sometimes it feels as if I', short quite a number of brain cells
[15:22] {Threei} they really get in the way of trading
[15:22] {dino} pretty good drop ufpt
[15:23] {Onix} lol
[15:23] {Onix} what about URBN
[15:23] {Threei} trend IS your friend... until it reverses
[15:23] {dino} for me, no, want fast drop
[15:23] {Threei} and we don't see much in terms of trends lately
[15:24] {Onix} so true hey
[15:24] {Threei} what we see for the most part is sudden and vicious reversals
[15:24] {Threei} it will change of course,
[15:24] {Threei} but you don;'t want to guess when it does,
[15:24] {Threei} by trying and risking your money.
[15:25] {Threei} You stay with the way things shape up until market proves you change came
[15:25] {Threei} what we see today is atypical vs last month or two,
[15:25] {Threei} so what do you see me doing?
[15:25] {Onix} going long
[15:25] {Threei} taking the safest trades possible, and decerasing activity
[15:25] {dino} yammering
[15:25] {Threei} tight dino, that too
[15:26] {dino} :)
[15:26] {Threei} look at our wins and stops today
[15:26] {Onix} i'm learning ...
[15:26] {Threei} wins are anywhere from 30 to 80 cents
[15:26] {Threei} stops are 15-20
[15:26] {Threei} sure, such management keeps us out of many trades
[15:26] {Threei} and increases shakeouts
[15:26] {Threei} so what?
[15:27] {dino} ok only 94 pts to go
[15:27] {Onix} will look through it all this evening
[15:27] {Onix} the daily log
[15:28] {Threei} you know where it's posted everyday
[15:28] {Onix} sure do
[15:28] {Threei} for all world to see how few brain cells if any we have
[15:29] {_aosdaveg} mkt just went flush
[15:29] {Threei} just?
[15:29] {Threei} where have you been last 2 hours?
[15:29] {Onix} flush with what?
[15:29] {Onix} 200?
[15:29] {Onix} -200
[15:30] {Threei} flush as in "down the drain"
[15:30] {Onix} oh flushed
[15:31] {Threei} dave is thinking toilets, you know
[15:31] {Threei} you just don't know him much :)
[15:31] {_aosdaveg} lol
[15:31] {Onix} lol
[15:31] {_aosdaveg} that may be a good thing
[15:41] {Threei} last one for today if you feel like risking 15-20 cents
[15:41] {Threei} RIMM .61 long
[15:41] {Threei} .40 support for stop placement
[15:42] {Threei} not holding
[15:44] {Threei} if held through shakeout, 1:1 hit
[15:45] {Threei} Onix... see how violent reversal is?
[15:46] {Onix} i'm whatching!
[15:46] {Threei} good sign: your spelling is getting worse
[15:46] {Threei} widely considered a necessity for traders
[15:47] {Onix} short overings?
[15:47] {Threei} kind of bad handwriting for doctors
[15:47] {Onix} coverings
[15:47] {Threei} mix of bounce players and short covering
[15:48] {Threei} envision yourself being a short player, facing these relentless rallies of late,
[15:48] {Threei} PPT ramping markets up in face of bad news
[15:48] {Onix} "house of pain!"
[15:48] {Threei} and ask yourself: would you risk staying short overnight?
[15:49] {Onix} never again!
[15:49] {Threei} so they prefer to get out and start tomorrow anew
[15:49] {Threei} can't blame them really, it wasn't easy ride for short side
[15:49] {Onix} wise
[15:50] {Threei} a lot are short from mid March
[15:50] {Threei} praying to get even
[15:50] {Threei} just as described in http://www.realitytrader.com/blog/2008/03/can-you-afford-to-be-wrong-for-too-long.html
[15:50] {Onix} praying helps?
[15:50] {Threei} not to my knowledge
[15:51] {_aosdaveg} no, it doesn't
[15:51] {Threei} if your trading toolbox came to prayers, you are seriously on a wrong side
[15:51] {_aosdaveg} beleive me
[15:51] {Onix} i believe you
[15:52] {Onix} wrong for too long and you are out for the count
[15:52] {Threei} at this point everyone is scared equally, longs and shorts
[15:52] {Threei} so we get these hectic movements
[15:53] {Threei} honestly, I don't know how anyone but day traders can play this market of last couple months or so
[15:53] {Threei} I get quite a few e-mails from swing and long term traders
[15:53] {Threei} way more than usual
[15:53] {Onix} tried swing but lost too many times
[15:54] {Threei} anyway guys... decent day
[15:54] {Threei} not as spectacular as yesterday but solid
[15:55] {Threei} do we have any major earnings today?
[15:55] {Threei} lemme look
[15:55] {Onix} thanks Vad .. I learned a little
[15:55] {dino} out calm .19, +.05
[15:56] {Threei} nope, just a pocket change, no major players
[15:57] {Threei} thank you all
[15:57] {Threei} have a great evening, see you tomorrow
[15:57] {Onix} bye
[15:57] {dino} cya vad
[15:58] {_lisa_jay} Thanks Threei.
[15:58] {Threei} :)
[16:00] {fernp} see you tomorrow. Good afternoon

May 06 2008

Session Time: Tue May 06 00:00:00 2008

[08:19] {Threei} FED FISHER SAYS FED SHOULD NOT EASE UNLESS DRAMATIC ECONOMIC SLOWDOWN; FIRMING DEPENDS ON COOLING INFLATION WITHOUT WORSE ECONOMIC ANEMIA
- Must think through when time for interest rate increase
[08:19] {Threei} - USD rebound and lower gold prices suggest confidence in FED on inflation
[08:19] {Threei} - Inflation remains a concern despite anemic economic growth
[08:19] {Threei} - takes FOMC statement at face value, sees risks on both sides
[08:34] {Threei} An analyst at Goldman Sachs said overnight that the possibility of $150- $200/barrel oil prices seems increasingly likely over the next 6-24 months, and as a result raised their 2008 oil price forecast to $108 from $96, and raised the 2009 oil price forecast raised to $110 from $105.
[08:45] {_aosdaveg} morning
[08:45] {Threei} hey dave
[08:48] {Onix} Good morning
[08:48] {Threei} onix :)
[08:55] {dptl} good morning all
[08:55] {Threei} dp :)
[08:56] {dptl} :) did i miss anything yestarday
[08:56] {Threei} quite a good day
[08:56] {Threei} RIMM behaved like it raraely does
[08:56] {Threei} 4 or 5 trades on it, no stops
[08:56] {Threei} VNDA put quite a show
[08:56] {magoo} morning
[08:56] {Threei} magoo :)
[08:57] {dptl} nice..
[09:01] {Threei} AMZN
[09:01] {Threei} JEWELRY STORE RETAIL DIAMOND SALES UP MORE THAN 100% IN Q1
[09:01] {Threei} what recession? people are buying jewelry
[09:09] {fernp} good morning
[09:09] {Threei} fernp :)
[09:16] {Threei} be back in 5
[09:20] {Onix} maybe AMZN sold only one item last Q and 2 in Q1
[09:21] {dino} gm all
[09:22] {fernp} gm dino
[09:23] {Threei} dino :)
[09:23] {Threei} lol ponix
[09:23] {Threei} that would ultimate creative accounting eh
[09:23] {Threei} keeping an eye on VNDA
[09:23] {Threei} yesterday's high 5.90
[09:24] {pita} gm everyone
[09:24] {Threei} pita :)
[09:24] {Threei} ideally I'd like to see it consolidating quietly for a while, trying resistance couple times, then exploding through it
[09:24] {Threei} that would fuel another round of frenzy buying
[09:30] {GeoArb} gm
[09:30] {Threei} geo :)
[09:31] {dino} prgo, nyx watching
[09:33] {Threei} 5.50 held so far on VNDA
[09:34] {dino} prgo sm l, .30, wide risky
[09:34] {Threei} 5.70 high to break for a first attempt
[09:42] {Threei} CSUN
[09:42] {Threei} half lot .20 long
[09:43] {Threei} stop under 9
[09:43] {Threei} CSUNhalf out VNDA
[09:43] {Threei} half out VNDA
[09:44] {Threei} 6 be taken
[09:44] {dino} nyx l .00
[09:45] {dino} prgo stopped rinsed -.50
[09:45] {dino} or not
[09:47] {Threei} stop 5.65 for the balance
[09:48] {fernp} half out EP +.15
[09:49] {magoo} sell off here
[09:49] {Threei} good start fernp
[09:49] {Threei} make up your mind about VNDA balance here, to take scalp or hold
[09:50] {Threei} fairly individual decision
[09:50] {Threei} my personla choice is to hold
[09:50] {dino} gj femp
[09:50] {hawkfan4} VNDA nice vad, thx, +.32
[09:51] {Threei} welcome hawk
[09:51] {Threei} if this thing is anything I suspect, 7 won't be a problem today
[09:51] {Threei} want to see it holding these levels, breaking 6, digesting a little and taking 6.10
[09:52] {Threei} with stop 5 cents below original entry, feel comfortable risk wise
[09:52] {tomg} ty vnda, vad, still holding some
[09:52] {Threei} tom :)
[09:53] {dptl} same here still holding some vnda thnx Vad
[09:53] {Threei} I ma be getting a bit greedy on this one but it's been a serious while since we've seen this kind of runner
[09:53] {Threei} trying to milk it for everything it can offer
[09:53] {Threei} but don't throw risk control out of the window
[09:53] {Threei} when momo is over, bottom will fall from under it
[09:54] {Threei} CSUN held 9
[09:54] {hawkfan4} solars strong
[09:55] {magoo} FSLR up 7 vad
[09:55] {Threei} on shoulders of oil I assume
[09:56] {dino} atni...thinny
[09:57] {Roman} 21 CTDC radar
[09:57] {Threei} Roman, your solars are running, and you are sleeping in
[09:57] {Roman} 21 i could not log in
[09:57] {Threei} there... I knew that would be your first :)
[09:58] {dptl} all out vnda ty
[09:58] {Threei} welcome
[10:01] {Threei} ALKS
[10:02] {Threei} 13 break long
[10:02] {dino} vrml
[10:02] {Threei} stop under .80
[10:03] {Roman} 21 watching CHNR
[10:03] {Roman} 21 thin one
[10:03] {fernp} SYMC
[10:04] {Threei} MICROSOFT INTL. PRES: END OF THE STORY WITH YAHOO
[10:05] {Threei} CSUN stop to under 9.10
[10:08] {Threei} ALKS, invalidating level is .89 now
[10:08] {Threei} same for a stop if triggers
[10:11] {esemde} good morning from sunny..big time sunny downtown Courtney BC in the heart of the Comox Valley on Vancouver Island
[10:11] {Threei} ese! :)
[10:11] {esemde} Vad!!!!
[10:11] {dino} prgo l sm .81
[10:11] {esemde} hows things going boys....and girls as the case maybe
[10:12] {Threei} quite well indeed
[10:12] {Threei} when are you back home?
[10:12] {esemde} am i not surprised
[10:12] {esemde} tomorrow
[10:12] {Threei} 'cause it's sunny here too, you know
[10:12] {GeoArb} after dinner?
[10:12] {esemde} i'm at a Starbucks
[10:12] {esemde} Yes
[10:13] {esemde} Had to use the server # on the website products page to log in here though
[10:14] {Threei} let's consider it SBUX's fault
[10:14] {esemde} indeed
[10:14] {dino} atni l sm off of .50 break
[10:14] {esemde} was looking at CLWR
[10:14] {judijim} good morning all
[10:14] {Threei} and short it with .11 trigger
[10:14] {Threei} jj :)
[10:14] {esemde} JJ
[10:15] {Threei} .21 stop for now
[10:15] {Threei} for haardcore scalpers going for big lot and small movement, stop .17
[10:16] {dino} prgo stopped again -.30....strange they beat and guide in line, destroy it anyway
[10:18] {Roman} 21 SEED long setup
[10:19] {Threei} gosh CSUN, take that .26 already, will ya
[10:21] {Roman} 21 long COIN
[10:21] {Roman} 21 9.88 COIN 1/2 size
[10:22] {Chaeron} GM all
[10:22] {Threei} chaeron :)
[10:22] {GeoArb} hey chaeron
[10:22] {GeoArb} i am sick and tired of yo all going on about BC
[10:23] {GeoArb} i will talk up LA locals :)
[10:23] {Roman} 21 long AKNS 6.51
[10:23] {Threei} lol Geo
[10:23] {Threei} good boy CSUN
[10:24] {Roman} 21 out 1/2 COIN +.45
[10:25] {Roman} 21 long SEED
[10:25] {Threei} wtg roman
[10:25] {hawkfan4} thx Roman, out +.55 coin
[10:26] {esemde} nice trad on COIN....it looks great even from Courtney
[10:27] {fernp} out EP +.25 and half out SYMC +.20
[10:27] {Threei} beautiful job fernp
[10:27] {Threei} very consistent
[10:27] {fernp} steep by steep
[10:27] {dino} last try, prgo l .10
[10:28] {Threei} CSUN stop to .14
[10:28] {Threei} what a tiresome stock
[10:28] {Threei} after taking all the highs and huge offers, one would expect it to be at 9.50 at leeast already
[10:28] {Roman} 21 GLBL
[10:28] {Roman} 21 looking decent long
[10:29] {Roman} 21 very jumpy tho
[10:29] {Roman} 21 CTDC on radar today
[10:36] {Threei} let;s try RIMM carefully, long with stop under 130
[10:36] {Threei} in
[10:37] {magoo} in
[10:37] {Roman} 21 CPSL
[10:37] {Roman} 21 long
[10:37] {Chaeron} in RIMM .17
[10:37] {hawkfan4} .17
[10:37] {magoo} .21
[10:38] {Threei} half out
[10:38] {Threei} .40
[10:39] {Threei} stop to under .10
[10:41] * Threei kicks RIMM in the rear
[10:42] {Threei} everyone's happy?
[10:42] {GeoArb} yaAAAAAA
[10:42] {hawkfan4} happy here :)
[10:42] {Threei} except those who sold to us I mean
[10:42] {GeoArb} i can finally buy rice
[10:42] {Threei} spare bag?
[10:42] {dino} that cme is one crazy stock, hits 499 yesterday from 455 wednesday, now 477
[10:43] {GeoArb} y
[10:43] {Threei} so that's you who is causing panic and rice shortage
[10:43] {GeoArb} heh... i only bought enuff for my 17 cousins
[10:43] {Threei} lol
[10:43] {dino} ok, azz of the day award to me for 3 stops on prgo....off my screen
[10:44] {Roman} 21 CTDC
[10:44] {Threei} I am out in full RIMM
[10:44] {Threei} over 50 cents, gotta have some conscience
[10:44] {Chaeron} I took .50 on that one - out at .67 in full... thanks Threei
[10:44] {Roman} 21 in CTDC 5.40
[10:44] {Threei} welcome ch
[10:44] {Threei} and you know what
[10:44] {Threei} I am out CSUN
[10:45] {Threei} +.10 cents, laufgh all you want
[10:45] {GeoArb} same here... beautiful (just the play) vad
[10:45] {Threei} for all I care it can go to 10 now, I won't give it second look
[10:48] {GeoArb} hmmm the vol on prgo is almost 10 times the last couple of days
[10:49] {Roman} 21 SIGM thin, wants to sqeeze
[10:49] {Roman} 21 long SIGM 20.55, 1/3
[10:49] {GeoArb} rimm
[10:49] {Threei} guess who just phoned
[10:49] {Roman} 21 stop 20.29
[10:49] {GeoArb} you are being punished for your conscience threei
[10:50] {Threei} RIMM... called me an idiot, made evil gloating laughter sound and hang up
[10:50] {magoo} in sigm small .55
[10:50] {magoo} i gave rimm your new number
[10:50] {magoo} called me first
[10:50] {Threei} ah thank you... I knew I can count on you
[10:50] {hawkfan4} lol, he called me too
[10:50] {GeoArb} you were in magoo?
[10:51] {magoo} yeah
[10:51] {Chaeron} RIMM was going to call me according to magoo, but they both agreed I was too much of a putz
[10:51] {Threei} [10:37] {magoo} .21
[10:51] {GeoArb} i meant in till now
[10:51] {magoo} i take most vad calls..just might be in something else and can't opst
[10:52] {magoo} or type
[10:52] {magoo} opst=post
[10:52] {GeoArb} cuz if you were in till now... that would be impressive holding
[10:52] {esemde} good to watch you all....off to do another concert. Have a great day
[10:52] {Threei} VNDA held by fingertips, borttomed out 2 cents from my trailing stop
[10:52] {Threei} take care ese :)
[10:52] {Chaeron} bye ese... see you tomorrow
[10:52] {GeoArb} bye ese
[10:53] {esemde} see ya...
[10:53] {Threei} overall, lost zest to live and fight... or maybe just lulls players into abandoning it before staging next ramp-up
[10:53] {Threei} we will see
[10:55] {Roman} 21 MPEL
[10:55] {Roman} 21 intesting area on the daily
[10:55] {Roman} 21 has room to run
[10:55] {GeoArb} wow rimm more than a dollar up
[10:55] {GeoArb} since exit
[10:56] {Threei} well, this market spike propelled it
[10:56] {Threei} and honestly, I do not possess tools to read this kind of idiotic movements
[10:56] {GeoArb} it was wierd
[10:56] {Threei} first it drops like the world ends tomorrow
[10:56] {GeoArb} easier to predict immediate shortterm
[10:57] {Threei} then it does form nice bottoming pattern
[10:57] {Threei} double bottom, consolidation under 1970 for NQ, break
[10:57] {Threei} I use it for RIMM read,
[10:58] {Threei} but heck, to see NQ proceeding to make new highs for the day, that's a bit rich :)
[10:58] {magoo} one tricky dicky market
[10:58] {Threei} shrug
[10:58] {Threei} whatever
[10:58] {Threei} we find our plays
[10:59] {Threei} if it wants to go much further after we take fairly reasonable profit, it bothers me no more than occasional stop here and there
[10:59] {dino} esrx l .89
[11:00] {Roman} 21 in MPEL small
[11:00] {Threei} btw, if it gets frustrating for you and you feels upset, don't forget about ultimate stress reliever
[11:01] {Threei} we have dave visiting sooo....
[11:01] * Threei slaps _aosdaveg around a bit with a large trout
[11:02] * Chaeron slaps _aosdaveg around a bit with a large trout
[11:03] {Roman} 21 out SIGM +.40
[11:03] {Threei} wtg'
[11:04] {magoo} lout sigm + .40 TY RFR
[11:05] {Roman} 21 ASIA nice spike
[11:05] {Threei} wow, I just found out, we have solar ETF now
[11:05] {Threei} TAN
[11:06] {dptl} what is banks etf?
[11:06] {Threei} XLF if I am not mistaken
[11:07] {dptl} a,no doesnt work
[11:07] {Threei} hmm
[11:07] {dino} out nyx .40, +.40
[11:07] {Threei} ?
[11:07] {GeoArb} xlf works...
[11:07] {Threei} 27.10 x .11
[11:07] {dptl} ups sorry works ty
[11:07] {GeoArb} up 1.01 % today
[11:10] {Roman} 21 BARE & BOOM bouncing today
[11:10] {Roman} 21 looks like china plays are waking up
[11:11] {Roman} 21 sold small remaining of SIGM +1.05
[11:12] {Threei} VNDA shows why we have stops
[11:12] {GeoArb} one more etf vad
[11:12] {GeoArb} kwt but alittle wierd
[11:13] {Threei} it's ETF of what?
[11:14] {GeoArb} yeah solar
[11:14] {Roman} 21 VLNC decent long small one
[11:14] {Roman} 21 slow one
[11:15] {magoo} look SIGM roman..just called me
[11:15] {Roman} 21 i know
[11:15] {Threei} sorry mags
[11:15] {magoo} i hasd unlisted number
[11:15] {Threei} I wasn't in it so it didn't call me... but I took a matter in my hands, phoned it myself and gave your number
[11:16] {magoo} lol
[11:22] {dino} ccrn s .60
[11:22] {dino} .16
[11:23] {Roman} 21 out CTDC -.10
[11:24] {Roman} 21 out MPEL -.14
[11:27] {dino} vrml continues
[11:32] {Threei} what with JBHT happiness
[11:45] {GeoArb} .
[11:45] {Threei} very fine point you make
[11:46] {GeoArb} looks like some people on vacation
[11:46] {GeoArb} thin room
[11:46] {Threei} lumdus on vacation, ese is on the road,
[11:47] {Threei} several more here and there
[11:47] {GeoArb} y
[11:47] {dino} you know the weights?
[11:47] {GeoArb} ?
[11:47] {Threei} lol
[11:47] {GeoArb} heheheh
[11:47] {GeoArb} (slow)
[11:47] {magoo} laserdave sleeping
[11:48] {dino} :)
[11:48] {Threei} some lose connection and if they are not near compuetr they don't reconnect for a while, like onix and patience right now
[11:48] {dino} sm s thmd .95 thinnnnnnn
[11:48] {GeoArb} I regretfully left laser
[11:48] {GeoArb} laserdave was helpfull though
[11:49] {magoo} where u at now?
[11:49] {GeoArb} lightspeed with IB as backup
[11:49] {GeoArb} an Qs pls DCC
[11:50] {GeoArb} man this is just sad.... no questions at all
[11:50] {GeoArb} ;0
[11:50] {Threei} ummm
[11:50] {magoo} ill bite...dcc
[11:51] {Threei} 'cause who cares about swecond rate brokerages? :)
[11:51] {GeoArb} ouch
[11:51] {magoo} dcc geo
[11:53] {Threei} jeez
[11:53] {Threei} US HOUSE SPEAKER PELOSI: THERE IS 'CLEAR NEED' FOR SECOND STIMULUS PACKAGE, WOULD LIKE TO MOVE TO SECOND STIMULUS BILL 'SOON'- Says that can not wait for additional evidence of economic weakness
[11:54] {Threei} sure, let's inject more money in economy when inflation is rampant already
[11:55] {Threei} ABK
[11:55] {Threei} PROVIDES Q108 BUSINESS UPDATE- committed to preserving and rebuilding our business franchise. Our recent capital raise of $1.5 billion and affirmation of our triple-A ratings with negative outlook from Moody's and S&P were critical steps in pursuing this goal.
[11:59] {Threei} QID
[11:59] {Threei} .78 short
[12:00] {Threei} .91 stop
[12:01] {magoo} in
[12:02] {Threei} 1:1
[12:05] {Roman} 21 long MPEL
[12:09] {Threei} over 1:2
[12:09] {Threei} out
[12:09] {_aosdaveg} nice
[12:09] {magoo} out
[12:10] {magoo} ty vvad
[12:10] {Threei} welcome
[12:22] {Threei} wow AMD
[12:22] {judijim} taking break, be back soon
[12:22] {Threei} looked at it at 6.60 break and decided against it
[12:24] {dino} ccrn bstop to b/e
[12:36] {dino} stopped ccrn .07, +.09
[12:38] {dino} nyx s .10
[12:48] {GeoArb} 100th anniv of empress
[12:48] {GeoArb} victoria
[12:49] {Threei} you are coming?
[12:49] {GeoArb} was there 5 yrs ago
[12:50] {GeoArb} maybe next year.....will doo the whole butterfly/butchart/tea again
[12:50] {GeoArb} vry nice
[12:50] {Threei} let me know... my signature dish will be there :)
[12:50] {GeoArb} ??
[12:50] {GeoArb} crabs?
[12:51] {Threei} sheshkebab
[12:51] {GeoArb} i make killer ones too if i may say so
[12:51] {Threei} cool... you are cooking then :)
[12:51] {GeoArb} the ground lambs aith lentils are my specility
[12:52] {GeoArb} with
[12:52] {GeoArb} with coriander dip
[12:52] {GeoArb} ook lunch time
[12:52] {Chaeron} yes... I don't hear you yelling at me :))
[12:52] {GeoArb} ooops
[12:53] {GeoArb} anytime chaeron
[12:53] {Chaeron} heheh..
[12:53] {Chaeron} wrong window.. lol
[12:53] {GeoArb} my cooking has a def arab/asian flavor
[12:53] {GeoArb} in barbecue
[12:55] {GeoArb} all scanners dead
[12:56] {Threei} NQ is moving but not much following amonbg stocks
[12:56] {Threei} other than QID, hard to find the way to play it
[12:56] {Threei} and I am not too jazzed about such play during lunch time
[12:56] {Threei} too many headfakes
[12:58] {dino} feeling the same
[12:58] {dino} nyx stopped -.40
[12:59] {Threei} http://www.realitytrader.com/vad/Shishkebab11.jpg
[13:00] {Threei} VNDA 5.21 long trigger - discretionary trade
[13:00] {Threei} take it if you like it
[13:03] {Threei} try to exit into spike over .30
[13:13] {Roman} 21 long FRPT
[13:13] {Roman} 21 3.87 1/2 size
[13:13] {Roman} 21 slow
[13:14] {dino} out esrx .29, +.40
[13:18] {Threei} wtg
[13:18] {Threei} wow, am I slow
[13:24] {Threei} feel free to exit VNDA who went for it
[13:25] {dino} mosy
[13:26] {hawkfan4} got + 18, thx vad
[13:27] {Threei} :)
[13:27] {Threei} little lunch fun eh?
[13:27] {dino} mosy s .14
[13:31] * Threei slaps Roman around a bit with a large trout
[13:31] {Threei} just trying to balance out your good fortune today
[13:38] {Threei} you take scalp on FRPT Roman, or trying for a long haul?
[13:38] {Roman} 21 scalp
[13:39] {Threei} OK... daily starts looking like 4 break can launch serious move, so I was interested
[13:43] * Threei slaps Laserdave1 around a bit with a large trout
[13:43] {Roman} 21 JASO
[13:46] {Threei} looked through today's trades... we are runing at 100%
[13:47] {GeoArb} there
[13:47] {GeoArb} jinxed
[13:47] {Threei} let's go sleep
[13:47] {Threei} not to spoil a perfect record :)
[13:47] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:47] {GeoArb} ill go and watch ironman
[13:48] {dino} thmd cov .55, +.40
[13:48] {dino} hell of a spread
[13:49] {GeoArb} amazing dino
[13:49] {GeoArb} 300 shares minute vol?
[13:50] {dino} i know, but for some reason i go for them
[13:50] {GeoArb} well no arbs there for sure
[13:51] {dino} lol
[13:52] {dino} mosy bstop to .74
[13:54] {dino} meoh
[13:55] {Roman} 21 long GLBL full size 17.45 area
[13:55] {Roman} 21 stop 17.26
[13:56] {dino} mosy stopped .73, +.41
[13:58] {dino} fstr l .90, stop lod
[14:07] {dino} pwrd
[14:13] {dino} scrx
[14:17] {dino} scrx sm l .30 risky
[14:22] {dino} stopped -.40
[14:24] {Threei} market is dead like a doornail
[14:24] {Threei} will wake up closer to eod most likely
[14:24] {Chaeron} my motto: "Nap now, trade later"
[14:24] {Threei} but at this point it's like yesterday's cake
[14:24] {Threei} hmmm
[14:24] {Threei} my motto is different
[14:25] {Threei} Nap always, you don't have to be awake to trade
[14:25] {Chaeron} lol
[14:25] {GeoArb} i am too busy counting money vad threw my way
[14:26] {Threei} I just tossed it geo... didn't know that was your way
[14:42] {Threei} 7 points range NQ for two hours straight
[14:44] {dino} exac
[14:44] {judijim} have a good evening, be back tomorrow:)
[14:45] {Threei} take care jj
[14:46] {dino} cya jj
[14:50] {Threei} watching AAPL for pullback closer to 186
[14:51] {Threei} for long entry
[14:55] {Threei} not much of a pullback
[14:58] {Threei} wow VNDA
[14:58] {Threei} didn't expect that
[15:00] {Threei} VNDA
[15:00] {Threei} DATA PRESENTED AT THE AMERICAN PSYCHIATRIC ASSOCIATION (APA) ANNUAL MEETING DEMONSTRATE ILOPERIDONE'S EFFICACY AND SAFETY, WITH LOW RATES OF MOVEMENT AND METABOLIC ADVERSE EVENTS
[15:03] {Threei} - Additional data were presented identifying genetic markers that may help predict response to iloperidone, which Vanda believes could lead to unique, individualized treatment for schizophrenia.
[15:06] {magoo} .
[15:13] {dino} amie
[15:19] {dino} fstr stop to b/e
[15:19] {dino} out
[15:31] {Threei} remember I said CSUN can go to 10, I don't care?
[15:32] {Threei} I lied
[15:54] {Threei} thank you all
[15:54] {Threei} have a good evening, see you tomorrow
[15:54] {Chaeron} what???? we're done??????
[15:54] {fernp} see you tomorrow. Good afternoon all
[15:55] {Threei} you are not? :)
[15:55] {dptl} have a good evening all :)
[15:55] {Chaeron} turn those machines back on!!
[15:55] {Threei} lol
[15:55] {Threei} just buy the darn CSUN chaeron, and pray
[15:55] {Threei} kidding

May 05 2008

Session Time: Mon May 05 00:00:00 2008


[08:49] {magoo} morning
[08:49] {Threei} Good morning
[08:53] {magoo} MVL news vad?
[08:54] {Threei} 06:58am [MVL] Reports Q1 $0.58 v $0.43e; R $112M v $111.6Me
[08:54] {hawkfan4} and Iron Man
[08:54] {magoo} and ACAS news?
[08:56] {hawkfan4} 05-May-08 05:59 ET In Play Rule clouds American Capital - WSJ (32.01 ) : The Wall Street Journal reports American Capital Strategies (ACAS) has been placing full value on various loans it has made even as other investors who hold the same debt already have slashed the values. Now, a new accounting rule governing the use of market values for financial assets could force American Capital to bring its valuations down, and that could lea
[08:57] {hawkfan4} and UBS downgrade to sell
[08:57] {Onix} Good morning early birds ... and that on a Monday?
[08:59] {Threei} onix :)
[08:59] {Threei} no rest for wicked, you know
[09:00] {Onix} sometimes the weekends are too long .. waiting to trade some more
[09:00] {Threei} hmmm... I never met such animal as "too long weekend"... :)
[09:01] {Onix} never used to be like that .. but since I got mixed up with you guys!???
[09:02] {Threei} yeah, we are known for beeing a bad influence
[09:03] {Onix} we will have to define "bad" ...
[09:03] {Onix} I have to watch not to get too excited
[09:04] {Threei} some of symptoms as you hang out with us: your spelling becomes worse... grammar goes down in flames
[09:04] {Threei} your stop recognizing company names and start think in stock symbols
[09:04] {hawkfan4} lol, i done no wat yor talkin abouet Vad!
[09:04] {Onix} and trading in your dreams?
[09:05] {dino} gm all
[09:05] {Threei} dino :)
[09:05] {fernp} good morning
[09:05] {Threei} fernp :)
[09:05] {Threei} poor YHOO
[09:06] {Threei} forms C&H on 1 min
[09:06] {Threei} with 23 resiatnce
[09:06] {Threei} hard to tell how reliable chart is considering it's premarket
[09:09] {dino} wow, you guys dream trrades too, thought i was losing it
[09:09] {dino} msft my ramp off this, was around 38
[09:11] {Threei} what's with NYNY
[09:11] {Threei} I don't see news
[09:11] {magoo} volume nada vad
[09:14] {fernp} Yahoo break 23.00 resistance
[09:24] {GeoArb} gm
[09:24] {Threei} geo :)
[09:31] {Threei} VMED 14.30 long if stays above .10
[09:31] {dino} msft sm l .00
[09:34] {Threei} VLNC 3.50 breal long if stays above .35
[09:36] {Threei} quiet opening so far
[09:37] {Threei} JOYG is happy
[09:37] {Threei} jumpy one
[09:38] {dino} osbc
[09:38] {dino} thin
[09:41] {dino} esrx sm l .35
[09:45] {magoo} RIMM stronger than mktr
[09:45] {magoo} market
[09:45] {dino} spwr sm l .20
[09:46] {Roman} 21 long CSUN
[09:46] {Roman} 21 8.95 1/3 size
[09:47] {Roman} 21 FRPT on radar, long
[09:49] {Threei} RIMM 135 is major resistance on daily
[09:49] {Threei} if copnsolidates close enough to it for a tolerable stop and breaks, should be a serious runner
[09:50] {Threei} VMED stop .14
[09:51] {Threei} if you took RIMM, original stop would be around .75
[09:51] {Threei} so it's above 1:1
[09:52] {Threei} half out for me here and stop to .90
[09:53] {dino} definitely a change in leaders going on, oihg +4, solars killed
[09:53] {Threei} a lot of re-making in the market
[09:53] {dino} spwr stopped
[09:54] {Threei} RIMM seems to be aiming for 136
[09:55] {Threei} will try tto ride on that balance from 135 entry
[10:00] {Threei} APRIL ISM NON-MANUFACTURING COMPOSITE: 52 V 49.1E
[10:01] {Threei} beautiful
[10:01] {_aosdaveg} morning
[10:01] {Threei} morning dave
[10:03] {Threei} - Employment: 50.8 v 46.9 prior
[10:03] {Threei} - New Orders: 50.1 v 50.2 prior
[10:03] {Threei} - Prices: 72.1 v 70.8 prior
[10:03] {Threei} watching RIMM for reentry
[10:04] {Threei} 134.5 closest support, likely to dive under it
[10:04] {Threei} in
[10:04] {Threei} stop under .40
[10:06] {Threei} out +.30 half
[10:06] {Threei} stop under .50
[10:07] {dino} rrst?
[10:07] {dino} bruce?
[10:07] {dino} esrx stop to .89
[10:09] {Threei} out RIMM in full +.70
[10:09] {_aosdaveg} wtg
[10:09] {dino} out esrx .89, +.64
[10:09] {dino} .54 i mean
[10:12] {Threei} FEED
[10:12] {Threei} pullback entry, smaller shares
[10:12] {Threei} stop under 18.80
[10:13] {Threei} US TREASURY'S SWAGEL: US ECONOMY SEEMS TO BE IN A SLOWDOWN, NOT A RECESSION
[10:14] {judijim} good morning everyone
[10:14] {Threei} jj :)
[10:15] {dino} rrst sm l .53
[10:20] {Threei} maniak-depressive market
[10:20] {hawkfan4} definitely
[10:20] {Threei} extremely happy for no reason one minute
[10:20] {dino} manick monday
[10:20] {Threei} hates the world, again with no reason, next
[10:21] {Threei} missed RIMM entry this time off 134
[10:32] {dino} hmsy
[10:34] {Chaeron} GM all
[10:34] {dino} :)
[10:34] {Threei} chaeron :)
[10:35] {dino} hmsy sm l .00
[10:41] {Roman} 21 CHNR breaking out, what moves with this one
[10:46] {dino} rrst stopped
[10:50] {dino} hmsy stopped , no bounces so far
[10:53] {Roman} 21 GRMN short super small
[10:53] {Roman} 21 41.55 area
[10:54] {Threei} VNDA decided to go for that 22 after all?
[10:57] {Threei} RIMM long134 break if stays above 133.80
[10:58] {dino} zolt
[10:58] {GeoArb} had been halted
[11:00] {Roman} 21 short SBUX
[11:00] {dino} sm risky l zolt 20.50
[11:02] {Threei} 1:1
[11:02] {Threei} 1:2, out
[11:02] {Threei} +.42
[11:03] {Chaeron} +.35, thanks again Threei
[11:03] {Threei} :)
[11:05] {_aosdaveg} wtg
[11:07] {dino} out zolt 22.99, +3.49
[11:07] {dino} 2.99
[11:07] {GeoArb} nice and gutsy
[11:07] {dino} +
[11:08] {dino} ty, lucky
[11:08] {dino} argn
[11:09] {dino} damn, can't type 2.49 + sorry
[11:10] {Threei} we won't hold it against you
[11:10] {Threei} glass house, stones, you know...
[11:10] {dino} what you were talking about earlier typing issues
[11:12] {dino} mant, argn watching
[11:12] {dino} zolt again if hits 21.50 area
[11:14] {bruce} hmsy reversal dcandidate her dino
[11:15] {dino} l .50 maybe
[11:18] {Threei} JUNE CRUDE OIL FUTURES RISE TO RECORD LEVEL ABOVE $120
[11:20] {dino} oih hod
[11:25] {Threei} VSXI second day slow climb, no news
[11:25] {Threei} VSCI
[11:33] {Roman} 21 HMSY bidding in 19.82 area
[11:34] {dino} lol i'm at 19.91, just told magoo
[11:38] {dino} argn l .69, sm, stop .33
[11:40] {dino} mant l sm .20
[11:42] {dino} ok rfr lets see what it does
[11:42] {bruce} l holx 21.87 stop 9 c
[11:44] {dino} vnda spike
[11:44] {dino} meli too
[11:51] {Threei} VNDA just won't quit
[11:56] {magoo} want it to quit??
[11:56] {Threei} lol
[11:58] {Threei} RIMM worth a try if breaks .60, stop under .40
[12:03] {dino} hmsy stop to b/e
[12:04] {magoo} aapl going for highs
[12:05] {magoo} RISKY
[12:05] {magoo} in .61
[12:06] {magoo} in rimm too here
[12:06] {hawkfan4} me too, .50
[12:06] {Threei} 1:1 in a hurry
[12:07] {Threei} and more
[12:11] {dino} hmsy stoped flat
[12:11] {Threei} VNDA, if dumps sharply under 5, will be interesting for bounce scalp
[12:12] {Threei} selloff on it could get panicky and take it into 5.50 - 5.80 range
[12:12] {Threei} 4.50 - 4.80, sorry
[12:19] {dino} argn stop to .13
[12:20] {dino} to .18
[12:20] {dino} out .19 +.50
[12:21] {Threei} wtg
[12:22] {dino} ty
[12:23] {Roman} 21 long FTEK small 22.72
[12:23] {dino} ufpt
[12:25] {Roman} 21 stopped FTEK
[12:32] {Threei} HERO .81 long if stays above .70
[12:33] {bruce} l cnx 88.66 stop 20 c
[12:40] {bruce} out holx +.122 ourt cnx +.20
[12:42] {dino} hmsy l sm 18.91
[12:42] {dino} last try
[12:42] {Threei} VNDA holding amazingly well
[12:43] {dino} nice cnx bruce
[12:43] {bruce} shoulda held dino - just one to one
[12:44] {bruce} thanx thnopugh
[12:44] {dino} stopped hmsy -.40 done w/it
[12:45] {Threei} tough call but...
[12:45] {Threei} .50 VNDA
[12:45] {Threei} for fast fingers only
[12:45] {Threei} very risky one
[12:45] {bruce} esrx had nice recovery today - you did nice job pegging it long dino
[12:46] {dino} been watching it last couple days
[12:50] {Roman} 21 trying HMSY long super small
[12:50] {dino} brb
[12:50] {Roman} 21 18.57
[12:51] {Threei} RIMM short on this bounce, as close to .50 as possible
[12:51] {Threei} next resistance .65
[12:56] {dino} grrrr hmsy big rinse
[13:03] {Threei} RIMM over 1:1 easy, cover as you see fit
[13:03] {Roman} 21 out HMSY +.46
[13:04] {dino} mant stop to .60
[13:04] {Threei} beauty RIMM
[13:05] {Threei} out in full
[13:05] {hawkfan4} nice vad
[13:06] {Threei} RIMM is uncharacteristically obeying today
[13:07] {dino} mant to .69
[13:12] {dino} out mant .65 slip, +.45
[13:13] {bruce} nice one dino
[13:13] {dino} ty, took a long time
[13:14] {bruce} patince is a virtue
[13:16] {dino} lol
[13:20] {dino} hrly
[13:20] {Threei} was halted
[13:20] {Threei} settled with US govt
[13:21] {dino} ty
[13:21] {bruce} hmsy looking like long candidate again dino
[13:21] {GeoArb} wow rimm
[13:21] {Threei} yeah
[13:21] {Threei} talk about covering too soon
[13:22] {GeoArb} exceuse me while i regret in a corner
[13:22] {Threei} lol
[13:23] * Threei slaps Laserdave1 around a bit with a large trout
[13:23] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:23] {GeoArb} hey dave
[13:23] {GeoArb} dcc pls
[13:23] * GeoArb slaps Laserdave1 around a bit with a large trout
[13:24] {GeoArb} maybei shouldnt have done that
[13:24] {dino} feels like it bruce but trades wide
[13:24] {GeoArb} its the sheeple mindset
[13:24] {Threei} geo
[13:24] {bruce} see that - watching for a setup without a ridiculous stop
[13:24] {Threei} if it felt good, it was worth it
[13:26] {GeoArb} reget regret
[13:27] {Threei} bounce time RIMM
[13:27] {GeoArb} okkk
[13:27] {Threei} closer to .50 desirably
[13:27] {Threei} and watch VNDA
[13:27] {Threei} if holding .50
[13:28] {Threei} in
[13:28] {Threei} stop under .40
[13:28] {Chaeron} in RIMM .54
[13:31] {Threei} 50 cents... vs 15 cenbts risk
[13:32] {Roman} 21 show off
[13:32] {Roman} 21 :)
[13:32] {Chaeron} RIMM out .02 +.48 ty Vad
[13:32] {Threei} that's 1:3 1/3
[13:32] {Threei} I miss fractions, can you tell
[13:32] {Threei} welcome chaeron
[13:33] {Chaeron} yeah... bring back 1/8ths
[13:33] {Threei} did we have any single stop on RIMM today?
[13:34] {Threei} nope
[13:37] {Chaeron} perfect RIMM calls... in and outs
[13:38] {Chaeron} I'm back to likeing RIMM - moving to "good" list...
[13:38] {Chaeron} liking that is... sorry Raven
[13:38] {GeoArb} heh
[13:38] {Threei} {RIMM, batting eyelashes at Chaeron} ah thank you, I like you too
[13:38] {GeoArb} i like the phone too
[13:40] {Threei} VNDA :)
[13:40] {Threei} not often we see such momo these daysd
[13:41] {Threei} well... not often we see &4 stock upgraded to 22 either
[13:41] {Threei} $4
[13:59] {dino} out hmsy +.40 ty bruce
[14:03] {bruce} nice dino
[14:03] {dino} thats a toughy
[14:04] {bruce} about time itpaid you
[14:04] {dino} yeah, think it still owes me about 50 bucks
[14:04] {magoo} feels like frenzy buying vad
[14:04] {dino} maybe floor around 18.75
[14:15] {bruce} k
[14:16] {Threei} feels like 6 is doable...
[14:17] {dino} vrml
[14:24] {dino} fstr l .20
[14:27] {dino} tact
[14:40] {dino} hmsy oh mannnnnnnnnnnnn
[14:44] {Threei} and probably far from done
[14:50] {magoo} poer up
[14:50] {magoo} power
[14:50] {magoo} sigh
[14:50] {magoo} typing
[14:56] {Threei} chaeron... dcc please
[15:07] {dino} arex
[15:18] {dino} ipcs
[15:21] {dino} ipcs sm l .30 risky
[15:22] {dino} too soon
[15:48] {Threei} 120 oil... ssigh
[15:51] {Threei} VSCI finishes at high
[15:51] {Threei} (again)
[15:54] {Threei} OK guys, calling it a day
[15:54] {Threei} veru nice one, too
[15:54] {Threei} have aa good evening, see you tomorrow
[15:54] {GeoArb} thnks vad
[15:55] {fernp} bye
[15:56] {dino} out fstr flat
[15:59] {dino} ok gotta hop, thanks all
[16:00] {dino} thanks bruce, take care man
[16:01] {bruce} welcome dino
[16:01] {bruce} you too
[16:01] {dino} :)
[16:01] {bruce} bye all

May 02 2008

Session Time: Fri May 02 00:00:00 2008

[08:02] {Threei} 05/01/08 08:51pm [VNDA] Caris & Company Initiates VNDA with Buy, price target: $22
[08:02] {Threei} hmmm
[08:08] {hawkfan4} hmmm, optomistic
[08:09] {Threei} alternatively... analyst forgot to take his medications
[08:09] {hawkfan4} lol, :) you're probably on to something there
[08:09] {Threei} notice time of upgrade
[08:10] {hawkfan4} a few coctails after work and access to his computer
[08:10] {Threei} what, he sat with friends at the bar, suddenly realized there is this great stock he urgently needs to upgrade?
[08:11] {Threei} grabbed his blackberry and started typing frantically?
[08:11] {hawkfan4} hee, it is a funny picture!
[08:11] {hawkfan4} "i'm gonna say 20...wait, no...22!"
[08:12] {Threei} well, i was 22 just last summer...
[08:12] {Threei} it
[08:15] {Threei} what justy happened?
[08:15] {Threei} numbers in 15 min
[08:18] {_aosdaveg} morning
[08:18] {Threei} hey
[08:20] {hawkfan4} morning dave, Chicago weather not so bad, eh? at least today
[08:21] {hawkfan4} 8:15 Fed takes measures to address 'persistent liquidity pressures'
[08:21] {hawkfan4} Expands TSLF collateral to include AAA asset-backed securities.
[08:21] {hawkfan4} i think that's what spiked things
[08:22] {Threei} and tanked 2 min later
[08:22] {Threei} smacks of desperation
[08:25] {_aosdaveg} got completely soaked this morning walking from the bus to the building
[08:26] {hawkfan4} oops, raining downtown? was just outside, nice here in the burbs
[08:26] {_aosdaveg} spring shower
[08:26] {hawkfan4} ah
[08:28] {_aosdaveg} was gorgoeus yesterday
[08:30] {Threei} *APR UNEMPLOYMENT RATE: 5.0% V 5.2%E
[08:30] {Threei} APR CHANGE IN NONFARM PAYROLLS: -20 V -75KE
[08:30] {Threei} AVERAGE HOURLY EARNINGS M/M: 0.1V 0.3%E; AVERAGE WEEKLY HOURS: 33.7V 33.7E
[08:31] {_aosdaveg} holy sheesh
[08:31] {Threei} CHANGE IN MANUFACTURING PAYROLLS: -46K V -35KE
- Prior Nonfarm Payrolls revised from - 80K to -81K
[08:32] {Threei} my 2000 target hit
[08:33] {Threei} where are all those underperforming funds... they can hire me for measly 50 mil a year, couple of such calls will make them 10x that amount
[08:33] {hawkfan4} nice Vad, impressive call especially considering what was going on at the time
[08:34] {Threei} actually... exactly because of what was going
[08:34] {Threei} with all the doom and gloom headlines, market refusing to make new lows and starting to form all kinds of bottom formations
[08:34] {Threei} double bottom, confirmed
[08:35] {Threei} inverted cup and handle, failed
[08:35] {Threei} inverted head and shoulders, confirmed
[08:35] {Threei} after 1900 break there was nothing but thin air till 2000... and extremely bearish sentiment in all the news, headlines, discussions, analysis
[08:35] {Threei} {shrug}
[08:35] {Threei} never fails
[08:36] {Threei} if you read last blog post... you know :)
[08:36] {hawkfan4} i did :)
[08:36] {Threei} hey, VNDA is firmly on its way to 22
[08:36] {Threei} offering 4.50
[08:42] {hawkfan4} 2100 by lunch?
[08:45] {Threei} lol
[08:51] {Threei} April 9:
[08:51] {Threei} [09:07] {Threei} if we hold roughly 1840 NQ support and close in green on improving volume, another "against the common sense rally" is likelt to start
[08:51] {Threei} [09:08] {Threei} yes... that unusually low volume was what put me on alert re: downtrend continuation
[08:51] {Threei} [09:08] {Threei} along the line of thinking: we sell down too shallowly and on too lttle volume on what reads as worst news ever
[08:51] {Threei} [09:10] {Threei} critical range lies between 1840 and 1900
[08:51] {Threei} [09:11] {Threei} we hold 1840, approach to 1900 and break it with
[08:52] {Threei} 09:11] {Threei} we hold 1840, approach to 1900 and break it with better volume - I really don't see anything to keep the market from going to 2000
[08:52] {Threei} [09:11] {Threei} pains me to say this... but that's what charts say
[08:52] {Onix} Good morning all
[08:53] {Threei} Onix :)
[08:58] {hawkfan4} Better call than this guy Vad, and he get's asked his opinion on tv all the time: All-In Short
[08:58] {hawkfan4} 4/30/2008 2:59 PM EDT
[08:58] {hawkfan4} I am all-in short, and I am reducing my market outlook to very bearish on both the near-term and intermediate-term prospects now. (For RealMoney Silver subscribers, that means my market rating is now 2-2.)
[08:58] {hawkfan4} Doug Kass
[08:59] {Threei} not sure what his timeframe is...
[09:00] {Threei} as headlines turn more and more bullish, smackdown nears
[09:00] {dptl} good morning all
[09:00] {Threei} dp :)
[09:04] {bruce} morn dp , onix
[09:05] {Threei} bruce :)
[09:05] {dptl} :)
[09:07] {bruce} vadster
[09:07] {bruce} big hit swim - lookslike it may retrace
[09:09] {cosmo} short coffee here...
[09:11] {fernp} gm
[09:12] {Threei} fernp :)
[09:12] {cosmo} HOLX pre mkt high = 25 fwiw
[09:12] {bruce} hey fernp
[09:15] {esemde} bruce cos dpfernhawkjud onix tom aos...&&& VAD
[09:15] {esemde} god morning
[09:16] {Threei} ese :)
[09:16] {bruce} ese
[09:16] {bruce} that an offering to trading gods ese?
[09:17] {esemde} HIgh school band playing Bear Mountain Westin Resort tonight Vad
[09:17] {esemde} could be bruce never thought of it that way
[09:17] {cosmo} i never heared that song...
[09:17] {dino} gm all
[09:17] {cosmo} heard
[09:17] {Threei} all the golfers ina attendance, ese? :)
[09:18] {Threei} dino :)
[09:18] {esemde} no...firefighters
[09:18] {esemde} they are raising money for firefighters in Afganistan
[09:18] {Threei} ah, afghans
[09:18] {Threei} read in the paper
[09:19] {judijim} ood morning all, we'll see if the early bird can get a worm or two:)
[09:20] {Threei} hi jj... but even that is a bit late... VNDA at 4 was first gift :)
[09:20] {esemde} 1 more show tomorrow, 1 sunday in Courtney at Elks club, 2 monday at high schools in courtney,1 in Campbell River on tuesday
[09:20] {esemde} may not be with you all monday or tuesday morning
[09:21] {cosmo} do a web cam, ese
[09:21] {esemde} whats that?
[09:21] {cosmo} camera
[09:22] {esemde} definately not a computor geek
[09:22] {esemde} hmmmmm
[09:22] {bruce} morn dino
[09:22] {esemde} in the computor?
[09:22] {esemde} dino
[09:22] {cosmo} this could be the start of something big...
[09:23] {cosmo} you got geeks in the band?
[09:23] {esemde} definately
[09:23] {bruce} morn jj
[09:24] {GeoArb} gm all
[09:24] {bruce} geo
[09:24] {Threei} geo :)
[09:24] {esemde} geo
[09:25] {cosmo} computer geeks, i mean
[09:29] {cosmo} VNDA testing
[09:31] {esemde} whats the news on VNDA cos
[09:31] {Threei} upgrade to 22, no less
[09:31] {esemde} 22.00 bucks
[09:31] {esemde} ????
[09:31] {Threei} yup
[09:32] {GeoArb} i want a job like that
[09:32] {cosmo} needs to hold .29 tho
[09:32] {esemde} holly smoke.......this should be interesting
[09:32] {Threei} [08:02] {Threei} 05/01/08 08:51pm [VNDA] Caris & Company Initiates VNDA with Buy, price target: $22
[09:32] {Threei} [08:02] {Threei} hmmm
[09:32] {Threei} [08:08] {hawkfan4} hmmm, optomistic
[09:32] {Threei} [08:09] {Threei} alternatively... analyst forgot to take his medications
[09:32] {Threei} [08:09] {hawkfan4} lol, :) you're probably on to something there
[09:32] {Threei} [08:09] {Threei} notice time of upgrade
[09:32] {Threei} [08:10] {hawkfan4} a few coctails after work and access to his computer
[09:32] {Threei} [08:10] {Threei} what, he sat with friends at the bar, suddenly realized there is this great
[09:32] {Threei} stock he urgently needs to upgrade?
[09:32] {Threei} [08:11] {Threei} grabbed his blackberry and started typing frantically?
[09:33] {Threei} keep an eye on AMKR
[09:33] {Threei} .45 is long trigger
[09:34] {Threei} would like it to establish closer support
[09:35] {Threei} as it stands, .20... a bit too far from trigger for comfort
[09:35] {Threei} ideally, one more pullback, holding .30, consolidating a bit... then break
[09:36] {dino} boom ouch
[09:38] {esemde} long SChw 23.01 1/2 lot
[09:39] {esemde} stop .83
[09:40] {Threei} VRSN .50 break long
[09:40] {Threei} .39 stop
[09:41] {Roman} 21 long JASO
[09:41] {Roman} 21 22.32 bounce
[09:41] {Roman} 21 too late
[09:43] {dino} scor, mnst, lava, boom
[09:43] {dino} swim
[09:44] {bruce} yes - watching it dino
[09:47] {dino} boom sm l wide risky .96
[09:47] {Roman} 21 short GRMN
[09:47] {Roman} 21 small super small 43.68 area
[09:49] {esemde} somebody give me a quote on SCHW....quote screen went red ...no quotes
[09:49] {Threei} 23.14
[09:49] {esemde} tks
[09:50] {esemde} ahhhh there we go
[09:50] {Threei} .17
[09:50] {esemde} tks vad
[09:51] {esemde} damn....stopped again....
[09:51] {dino} asfi blood
[09:52] {esemde} stop to break even....23.01
[09:53] {esemde} questrade screwing up on me here.......
[09:54] {dino} boom stopped -.47
[09:55] {dino} sm l asfi .20
[09:56] {Threei} vrsn
[09:56] {esemde} I like how SCHW is moving oposite direction of NDX
[09:56] {Threei} sorry, wrong window
[09:58] {Threei} ZINC, smaller shares, long if breaks .26 stop under 14
[09:59] {Threei} low volume
[09:59] {Threei} but daily is too good to ignore
[09:59] {esemde} almost got 1/2 lot ot CTSH.....am too late
[09:59] {Onix} VMED?
[09:59] {dino} swim l .60 sm
[10:00] {Threei} UPDATE: GOLDMAN SACHS RAISED VMED TO BUY FROM NEUTRAL
[10:00] {Threei} *MARCH FACTORY ORDERS: 1.4% V 0.2%E
[10:00] {Onix} thanks Vad
[10:00] {GeoArb} looks like they are dodging the bullet
[10:00] {Roman} 21 AMKR
[10:00] {GeoArb} the non farm wasnt too bad either
[10:00] {Roman} 21 long
[10:00] {esemde} do pullback or breakout at .14 onix
[10:00] {bruce} qlgc long reversal candidate here dino
[10:00] {Roman} 21 12.02
[10:01] {GeoArb} VRSN still on?
[10:01] {Threei} onix, the way I'd play it:
[10:01] {Threei} 14.15 long if holding above 14; if loses 14, wait for 13.80
[10:02] {Roman} 21 long JRCJ
[10:02] {Roman} 21 JRJC
[10:02] {Roman} 21 22.49 small, thin one
[10:02] {Threei} 50/50 geo
[10:02] {GeoArb} ok
[10:03] {Threei} discretionary
[10:08] {esemde} lots of resistance in SCHW at .20
[10:09] {Threei} hmm?
[10:09] {Threei} it's above .20
[10:09] {Threei} just downticked under it again
[10:09] {esemde} am wondering about this
[10:10] {Threei} I am afraid your quotes are lagging
[10:10] {dino} asfi stoped -.40 hmmm
[10:10] {esemde} at .17 now Vad what does your say
[10:10] {Threei} .15
[10:10] {Threei} ticking fast, hard to compare
[10:10] {esemde} tks
[10:10] {Threei} .17 now
[10:11] {esemde} .20?
[10:11] {Threei} .22
[10:12] {esemde} tks
[10:12] {esemde} .22?
[10:12] {Threei} .19
[10:12] {Threei} you are lagging
[10:13] {GeoArb} thats what my teachers always said
[10:13] {Threei} lol
[10:13] {esemde} .21?
[10:13] {Threei} .18
[10:13] {Onix} .20
[10:14] {GeoArb} i dont think he is lagging vad
[10:14] {GeoArb} (or maybe i am too)
[10:14] {esemde} gonna see if this pops up one more time then i'm out
[10:15] {esemde} it's stuck at .20 basically
[10:15] {Threei} .12
[10:15] {esemde} yep
[10:17] {Threei} 05/01/08 08:03am
[10:17] {Threei} [NVAX] Novavax Inc. Opens first US vaccine plant
[10:17] {Threei} - The 5,000 sq-ft, $5M pilot and commercial-scale manufacturing plant will be used to produce vaccines addressing a broad range of infectious diseases. The facility will initially supply influenza vaccine for the company's current clinical programs with planned annual capacity of 10 million doses.
[10:17] {esemde} out SCHW .11
[10:18] {esemde} +.10
[10:18] {Threei} better than poke in the eye
[10:18] {esemde} don't trust it...my MA's are moving down
[10:18] {esemde} yep
[10:18] {bruce} sepr posswible reversal candidate here dino
[10:21] {dino} ny
[10:21] {dino} yes
[10:22] {bruce} sepr invalid for moment
[10:22] {Roman} 21 out AMKR -.11
[10:22] {bruce} wanted .88 to hold
[10:22] {Threei} RIMM
[10:22] {Threei} long for bounce
[10:22] {Threei} that was fast
[10:22] {Threei} don't chase
[10:22] {dino} waiting at .21
[10:23] {bruce} k- you still long swim?
[10:23] {dino} y
[10:24] {bruce} k
[10:24] {dino} last try boom l sm .30
[10:25] {dino} umbf
[10:29] {Onix} MRVL?
[10:30] {Threei} no read on MRVL
[10:30] {Threei} SYMC
[10:30] {Threei} .40 two days break
[10:31] {esemde} SYMC looks good vad
[10:31] {dino} lava sm l .52 stop lod
[10:32] {Threei} shook us out yesterday before proceeding higher
[10:32] {Threei} let's see if it improved its manners
[10:34] {dino} umbf s .18 stop hod
[10:41] {dino} morn
[10:43] {bruce} l swim .55 stop 10c
[10:46] {Chaeron} hi all
[10:46] {judijim} gm Chaeron
[10:46] {Threei} chaeron :)
[10:46] {GeoArb} hey chaeron
[10:50] {dino} boom stopped -.31 done w/it too tough
[10:51] {bruce} out swim +.15c for now
[10:52] {bruce} sorry dino - boom is a toughie - usually lose money in it
[10:53] {dino} it happens , moving on
[10:56] {dino} i need to increse size on fridays and scalp fast, most i had money on, but too small
[10:56] {Onix} VMED looks good despite the ND?
[10:57] {Threei} holding range still
[10:58] {Onix} thanks, gotta go to work now ... fun maybe over for today for me
[10:58] {dptl} Ese,thnx for schw earlier....grabbed +.17 and +.06
[10:59] {dino} morn break of 71 s maybe, but whippy moves 50 c fast
[11:00] {dino} umbf bstop to .01
[11:01] {bruce} java long here dinoasfi long candidate here dino - prefer it coser to .50
[11:02] {dino} bare
[11:02] {bruce} frget java - range too small
[11:02] {bruce} asfi
[11:03] {bruce} lets see if we can get double bottom asfi
[11:03] {dino} umbf bstoip to .78
[11:04] {dino} bare l .35 sm
[11:05] {bruce} qlgc long .29 stop 9c
[11:12] {dino} cov umbf .71 ave +.47
[11:12] {bruce} good one dino
[11:14] {dino} out swim .71 +.11
[11:15] {dino} asfi l .51
[11:15] {dino} cx that no fill
[11:16] {bruce} k - its jumpy
[11:17] {Threei} RIMM .50 break long if stays above .25 from now on
[11:20] {Threei} invalidated, rather bounce candidate
[11:20] {dino} dwsn l .68
[11:20] {bruce} qlgc not cooperating - dumped it -5c
[11:24] {Roman} 21 cover GRMN +1.82
[11:25] {Roman} 21 out JRJC -.53
[11:25] {bruce} congrats roman
[11:26] {dino} \gj rfr
[11:26] {Threei} nice
[11:26] {Roman} 21 thanks but i barely made $$ on this one, as i went light size on GRMN
[11:27] {Threei} 10 shares?
[11:27] {Threei} 9?
[11:27] {Roman} 21 :)
[11:27] {Roman} 21 200
[11:27] {Threei} ok... 8
[11:27] {Threei} ah
[11:27] {Threei} so it's about $360 if my match it correct
[11:28] {Threei} can't see anything wrong with it
[11:28] {Roman} 21 but i lose on JRJC tho, so on both i barely made $$$
[11:29] {Roman} 21 AAPL near lows
[11:29] {Roman} 21 probably a good day for it to break down, will try shorting 179.45 area
[11:29] {Threei} hmmm
[11:29] {dino} ndx neg.
[11:30] {Threei} is there such thing as "good day to break down"?
[11:30] {Chaeron} if one is short, yes :)
[11:30] {Roman} 21 good answer
[11:30] {Roman} 21 it follows NDX
[11:30] * Threei decides to break down in tears to see how it feels
[11:31] {dino} asfi l .75
[11:31] {Roman} 21 in with on ASFI
[11:31] {Roman} 21 dino
[11:31] {Threei} WHITE HOUSE: NO EVIDENCE OF RECESSION SO FAR
[11:32] {esemde} signing off all....don't know if i'll be with you monday or tuesday....but wednesday for sure...have a great weekend
[11:32] {Threei} take care ese
[11:32] {Threei} have a good one
[11:32] {esemde} see ya vad
[11:33] {dino} cya es
[11:33] {bruce} bye ese
[11:35] {Roman} 21 long PAAS small
[11:36] {Roman} 21 FRPT
[11:37] {Roman} 21 looks like a small short sqeeze
[11:37] {Roman} 21 trying AAPL short
[11:37] {Roman} 21 179.56
[11:39] {dino} lava out flat
[11:40] * Threei slaps Laserdave1 around a bit with a large trout
[11:41] {_aosdaveg} i see that hasn't changed
[11:41] {Threei} not really
[11:41] {Roman} 21 stopped AAPL
[11:41] {Roman} 21 -.20
[11:41] * Threei slaps _aosdaveg around a bit with a large trout
[11:41] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:41] {_aosdaveg} :)
[11:42] {Laserdave1} hey guys
[11:45] {Roman} 21 long SSRI
[11:46] {Roman} 21 25.76 area
[11:47] {Roman} 21 TTMI vad?
[11:48] {dino} ouch bare stopped
[11:48] {Threei} worth a try I guess, with stop under .50
[11:48] {dino} taking a break
[11:54] {GeoArb} .
[12:00] {Threei} .65 is holding so stubbornly on TTMI, long at .66 seems worth it
[12:01] {judijim} taking am break
[12:05] {Roman} 21 short NTGR on 16.91
[12:05] {Roman} 21 break
[12:11] {Roman} 21 SWIM boke 8
[12:11] {dino} yeah
[12:11] {dino} look at bare too, another rinse job
[12:13] {Roman} 21 stopped SSRI -.20
[12:14] {Threei} RIMM seriously determined to make new highs
[12:14] {GeoArb} vad dcc whenever
[12:42] {dino} aspg s .73 sm, stop .03
[12:42] {dino} apsg
[12:51] {bruce} swim l .98 stop 12 c
[12:54] {dino} asfi stop to .01
[12:56] {dino} to .20
[12:57] {dino} to .38
[12:57] {dino} out slippage .32, +.57
[12:59] {bruce} nice one dino
[13:00] {dino} ty, fl
[13:00] {dino} brb
[13:02] {bruce} k
[13:06] {dino} apsg not working tighten to .91
[13:07] {dino} stopped .96 -.23
[13:09] {dino} bare drops again
[13:09] {dino} waiting at 20.40
[13:14] {Roman} 21 maybe AAPL breaks down here
[13:14] {Roman} 21 short BRCM
[13:14] {Roman} 21 26.04
[13:19] {Roman} 21 LDK moving higher
[13:20] {Roman} 21 looks like CSUN following it
[13:22] {Roman} 21 out BRCM -.07
[13:23] {dino} bare l .10
[13:23] {fernp} out BRCM -.09
[13:29] {dino} asei
[13:36] {Threei} RIMM 132 break if styas above .75 and if NQ helps
[13:45] {Threei} will be valid again if makes one more pullback and holds .75 trhis time
[13:47] {Threei} hmmm... not sujre I like this lag
[13:47] {Threei} vs NQ
[13:48] {Threei} maybe exhausted it's momentum for now
[13:48] {Threei} let's tighten to .85
[13:52] {dino} bare stop to .28
[14:00] {dino} to .38
[14:04] {dino} out bare .49, +.39
[14:05] {dino} well, took all day, but in the black....started rough, hope i didn't hurt anyone
[14:05] {GeoArb} yes you did hurt me
[14:06] {GeoArb} yo made too much :)
[14:06] {Threei} lol
[14:06] {GeoArb} i hate having pacesetters
[14:06] {dino} hmmmmm.......
[14:06] {GeoArb} :)
[14:07] {Threei} what's with VSCI
[14:07] {dino} dwsn to b/e
[14:07] {dino} dk
[14:09] {dino} stopped dwsn flat
[14:31] {Roman} 21 FTEK wants lower
[14:31] {Roman} 21 imo, will pass this on, too thin
[14:38] {Threei} MSFT-YHOO TALKS INTENSIFY IN EFFORT TO REACH DEAL - WSJ
[14:41] {dino} darn dwsn works now
[14:43] {Threei} market just can't decide, to reak down or to bounce
[14:45] {patience} stomp on it please vad
[14:46] {Threei} you want down?
[14:46] {dino} b spwr sm l .20
[14:53] {Threei} impressive move FEED
[14:53] {Threei} kind of out of nowhere... SEED and COIn didn't follow
[15:03] {dino} spwr stopped
[15:07] {Threei} looks like breakdown is coming
[15:11] {Threei} 1870 defended again
[15:11] {Threei} 1970
[15:15] {dino} bare l .30, stop .08
[15:18] {dino} rinses everywhere today, spwr
[15:19] {bruce} out swim +.60
[15:19] {Threei} nice
[15:20] {bruce} thanx vad
[15:20] {bruce} barely decent
[15:20] {Threei} yeah, just shy of disgusting
[15:20] {bruce} yes
[15:21] {dino} wtg
[15:21] {bruce} thanx dino - your trainnig helping me learn to rade that stuff sir
[15:22] {dino} yw
[15:27] {bruce} you got a daily chart showing for v vaad?
[15:27] {Threei} it's still screwed up by first day erroneous print
[15:28] {bruce} k
[15:28] {bruce} wondeed aboutthat
[15:28] {Threei} yours too?
[15:28] {bruce} didn't thinkmy eyes were that bad yet
[15:28] {dino} bare stopped sheesh
[15:41] {bruce} l rimm 131.92 stop 15c
[15:46] {bruce} stopped rimm - 20 c w slippage
[15:46] {Threei} it's locked between .45 and 132
[15:46] {Threei} just can't break either way
[15:46] {Threei} range scalps only
[15:48] {bruce} yes - probably dumb for me to try it so late in day
[15:49] {judijim} signing off,have great weekend all
[15:49] {Threei} have a good one jj
[15:50] {dptl} have a good weekend all :)
[15:50] {bruce} byejj
[15:50] {Threei} thank you all
[15:50] {bruce} have a good one dp
[15:50] {Threei} have a good relaxing weekend
[15:51] {Threei} see you on Monday
[15:51] {bruce} relaxing vad ? - obviously no chore list for you
[15:51] {Threei} there is
[15:51] {bruce} lol
[15:51] {Threei} but I lost it
[15:51] {bruce} lol
[15:51] {Threei} and I intend to lose it every time it's handed to me again
[15:52] {bruce} saw article on interent
[15:52] {bruce} \guy arrested for trying to cash cheque for 350 billion
[15:52] {bruce} glad it wasn't vad
[15:52] {fernp} have a good weekend all
[15:52] {Threei} nah, my ngerian contacts never send me more than 300 B
[15:52] {Threei} bye fernp
[15:53] {bruce} k- was hopingyou were sending our cheques to us
[15:53] {bruce} \bye fernp
[15:53] {Threei} I will as soon as I cash any of those
[15:53] {bruce} lol
[15:53] {bruce} I"m holdingmy breath!
[15:53] {Threei} for some reason, probably by pure forgetfullness, they ask me for money instead of sending it to me
[15:53] {bruce} turning red!
[15:53] {_aosdaveg} i just got off the phone with a guy who lives in the exact same town on Maui that i used to live in
[15:54] {bruce} feel lightheaeded
[15:54] {bruce} k
[15:54] {bruce} bacdk to breathing
[15:54] {Threei} red is fine bruce
[15:54] {Threei} blue, that's when you ned to get alarmed
[15:54] {bruce} yes - myst be just fogetfullness vad
[15:54] {bruce} lol
[15:54] {Threei} yep, I am sure
[15:54] {bruce} bluebollds?
[15:55] {Threei} poor folks never graduated from business management courses, you know
[15:55] {bruce} dcc dino
[15:55] {bruce} thats me
[15:56] {dino} i'm there
[15:56] {bruce} I'm getting my biz and (santa ) training in market
[15:57] {bruce} its beeter to give thaqn recieve
[15:58] {dino} lol
[15:58] {bruce} great weekend all
[15:59] {_aosdaveg} u2
[16:00] {dino} take care all. calling it a week

Session Time: Sat May 03 00:00:00 2008

May 01 2008

Session Time: Thu May 01 00:00:00 2008

[08:15] {Threei} XOM
[08:15] {Threei} REPORTS Q1 $2.03 V $2.14E, R $116.8B V $124.43BE - HEADLINE ONLY
- Production on oil equivalent basis -5.6% y/y
[08:15] {Threei} - Q1 output 4.18M boe/day v 4.43M y/y
[08:15] {Threei} - Q1 CAPEX, exploration spending $5.5B, +30% y/y
[08:20] {Threei} 04/30/08 04:05pm
[08:20] {Threei} [SBUX] Starbucks Corp Reports Q2 $0.15 v $0.15e, R $2.53B v $2.55Be
[08:20] {Threei} - Reports Q2 SSS mid single-digit decline due to decreased traffic.
[08:20] {Threei} - Operating margin 7.1% v 10.7% y/y.
[08:20] {Threei} - US store opening to be sharply curtailed.
[08:20] {Threei} - Sees FY08 EPS to "be somewhat lower than $0.87 reported in 2007" ($0.87e); Sees net Rev Growth 13-14%.
[08:20] {Threei} - Guides FY09 EPS $0.90-1.00 v $0.99e.
[08:20] {Threei} - Guides FY10 EPS $1.10-1.20.
[08:20] {Threei} - Guides FY11 EPS $1.35-1.50.
[08:20] {Threei} - Sees FY09 Capex $800M.
[08:21] {Threei} warned last week
[08:23] {hawkfan4} wait, they're not going to open more stores? oh no, i don't know what i'll do if i have to drive more than 2 miles between starbux!
[08:23] {Threei} I am very desperate too
[08:24] {Threei} I mean, what am I going to do without crappy coffee
[08:26] {Threei} this one requires serious decoding work:
[08:26] {Threei} FDIC'S BAIR: SOME MARKET TURMOIL 'PLAYS TO BANKS' STRENGTHS' - CNBC COMMENTS- Says market problems show value of regulated institutions
[08:27] {hawkfan4} i need more coffee to figure that one out
[08:27] {Threei} andnow with Starbux out of the picture, unlikely we will ever decode it
[08:30] {Threei} *MAR PCE CORE M/M: 0.2% V 0.1%E; PCE CORE Y/Y: 2.1% V 2.0%E; PCE DEFLATOR Y/Y: 3.2% V 3.2%E
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 380K V 365KE; CONTINUING CLAIMS: 3.02M V 2.950ME
- Prior Initial Jobless Claims revised from 342K to 345 K
[08:30] {Threei} - Prior Continuing Claims revised from 2.934M to 2.945M
[08:31] {Threei} MAR PERSONAL INCOME: 0.3 V 0.4%E; PERSONAL SPENDING: 0.4% V 0.2%E
[08:31] {Threei} yucky numbers
[08:37] {magoo} morning rt
[08:37] {Threei} magoo :)
[08:40] {Threei} interesting
[08:41] {Threei} initial selling reaction on crappy numbers was fairly muted, about 4 points... and recovered in a few minutes
[08:41] {Threei} dollar up, gold and oil are dumping
[08:42] {Threei} I don't mind any of that
[08:46] {Threei} HP
[08:46] {Threei} REPORTS Q2 $0.96 V $0.99E, R $473.6M V $463.3ME
[08:47] {fernp} gm
[08:47] {Threei} fernp :)
[08:50] {Threei} hawk... fess up... shorted XOM near 91?
[08:51] {hawkfan4} lol, no, but thought about it :) boring pre-market for me today
[08:51] {Threei} OK :)
[08:51] {Threei} I did, .89, but covered at .50
[08:51] {hawkfan4} nice!
[08:52] {Onix} gm all
[08:52] {Threei} looks good for more but I am not sujre I have a reliable read on this stock
[08:52] {Threei} onix :)
[08:52] {Threei} for a few seconds after my cover it looked like was going to make cry,
[08:52] {Threei} bottom was about to fall out from under it
[08:53] {magoo} COIN
[08:53] {Threei} then jumped right back up
[08:54] {Threei} COIN moved after hours yesterday... not sure what'up, haven't seen any news
[08:54] {hawkfan4} i've been avoiding the oil/gas stocks for a while now. screwy movers sometimes
[08:55] {esemde} good morning ladies and germs.....
[08:55] {Threei} ese :)
[08:55] {esemde} vad
[08:55] {Threei} anyone see any news on COIN?
[08:56] {esemde} not me not yet
[09:01] {fernp} COIN Converted Organics announces temporary inability to honor voluntary exercises of Class A and B Public Warrants (9.52 -0.31) : The co announces that it is temporarily unable to honor exercises of its Class A warrants and Class B warrants effective immediately. The co's inability to honor those exercises has arisen because the information included in the registration statement that allows for the exercise of those warrants is no l
[09:01] {esemde} Converted Organics Inc. Announces Temporary Inability to Honor Voluntary Exercises of Class A and B Public Warrants
[09:02] {esemde} opps somebody beat me to it...
[09:02] {Threei} ty
[09:02] {fernp} from Briefing.com
[09:04] {Threei} sheesh... appeared on my wire at 8:54, I missed it
[09:05] {esemde} is that the trade the news website vad
[09:06] {Threei} yes
[09:06] {Threei} SYMC beat and guided higher
[09:06] {Threei} 04/30/08 04:06pm [SYMC] Reports Q4 $0.36 v $0.34e, R $1.54B v $1.53Be
[09:13] {dptl} good morning all
[09:13] {Threei} dp :)
[09:13] {esemde} dp
[09:14] {dptl} :)
[09:15] {esemde} this popped up on my scans: NETM... Micro Focus to acquire NetManage
[09:16] {esemde} up +2.80 600k shs
[09:18] {cosmo} SYMC @ pre mkt high 18.40 test fwiw
[09:20] {dino} gm all
[09:20] {Threei} dino :)
[09:20] {Threei} XOM tests 90
[09:21] {Threei} I am short-inclined on it but need to observe how it trades first
[09:22] {Threei} overall, market is confused... with oil/gold down where does money flow?
[09:23] {Threei} we may see yet another re-making of stocks/commodities relation... not sure at this point
[09:23] {esemde} dino
[09:24] {Threei} CNQR
[09:24] {Threei} PRICE TARGET RAISED TO $39 FROM $35 AT RBC CAPITAL; MAINTAINS OUTPERFORM RATING
[09:30] {dino} pdgi
[09:32] {Threei} SYMC .50 long if stays above .35
[09:32] {dino} ctrp
[09:33] {Threei} keeping an eye on AMKR, not sure of setup yet
[09:33] {esemde} AMKR bstop 11.01 if it stay above .77
[09:35] {esemde} Amkor Technology expects 2Q profit above analyst estimates
[09:35] {esemde} AP wire
[09:37] {Roman} 21 GOLD short small
[09:38] {esemde} VLCM...but where do you get in
[09:39] {esemde} long AMKR .03
[09:40] {Roman} 21 FEED short small
[09:41] {Threei} XOM short small shares with stop above .50
[09:41] {Roman} 21 JASO short
[09:42] {Roman} 21 on a bounce 23.71
[09:42] {magoo} fslr news vasd?
[09:43] {Threei} contradicting
[09:43] {Threei} couple upgrades, couple downgrades
[09:44] {dino} cedc
[09:44] {Threei} XOM, hard to tell which way from here... with short mid-20s, you have over 40 cents here
[09:45] {esemde} i've got a full lot of AMKR by the way
[09:45] {esemde} tight stop
[09:45] {Threei} SYNA smaller shares long
[09:46] {Threei} stop .75
[09:46] {Threei} nice move AMKR
[09:46] {esemde} I like it....
[09:47] {Threei} hitting 1:1
[09:47] {esemde} won't be hanging around too long though
[09:47] {esemde} out AMKR .21
[09:47] {dino} pdgi l sm .50
[09:48] {Threei} solars strrength... CSIQ, EMKR, even ESLR
[09:48] {esemde} +.18 ....I'll take my 180.00
[09:49] {Threei} honest day's work
[09:49] {esemde} i'd say so
[09:49] {Threei} in 15 minutes, too
[09:49] {esemde} gotta like it....chipping away slowly
[09:49] {Threei} YHOO
[09:49] {Threei} LONDON TIMES REPORTS THAT MSFT IS SET TO RAISE ITS BID TO $33 PER SHARE
[09:50] {Threei} come on SYNA, break that wall
[09:51] {Threei} on daily, sky is limit once 35 is broken
[09:51] {Threei} no real resistance for quite a while
[09:51] {Threei} anyone did XOM?
[09:52] {tomg} i did, vad, ty
[09:52] {Threei} :)
[09:52] {tomg} about +.40
[09:52] {dino} pdgi stop to .90
[09:52] {Roman} 21 cover FEED +.39
[09:52] {Threei} btw tom, how did you do on TTMI yesterday?
[09:52] {tomg} came back for awhile, raised stop
[09:53] {tomg} i think i stopped at .44, approx
[09:53] {Threei} that's fair
[09:53] {tomg} maybe .48, don't remember exactly :)
[09:53] {Threei} wow AMKR... these big gappers that just continue going never cease to amaze
[09:54] {Threei} ok SYNA... show us what you are capable of
[09:54] {dino} out pdgi .10, +.60
[09:54] {Threei} frikin SYMC
[09:55] {Threei} how do you read such move
[09:55] {esemde} that was a nice move by AMKR....
[09:56] {esemde} That volume spike is right out of your book Vad....it should ease on down now
[09:56] {Threei} SYMC? or AMKR?
[09:56] {esemde} AMKR
[09:57] {esemde} almost 600k at 9:51
[09:57] {Roman} 21 long BRCM
[09:57] {Roman} 21 1/2 size 26.01
[09:58] {Threei} expected more anthusiasm on SYNA break
[09:59] {dino} sometimes you expect too much
[10:00] {tomg} ty amkr, followed you ese, ty
[10:00] {dino} wow pull up a 5 day de chart
[10:00] {Threei} APR ISM MANUFACTURING: 48.6 V 48.0E
[10:00] {esemde} If market keeps going like it is I think it will take another shot at 35.00
[10:00] {Threei} *MAR CONSTRUCTION SPENDING M/M: -1.1% V -0.7%E- Prior revised from -0.3% to % +0.4%
[10:00] {esemde} SYNA that is
[10:00] {Roman} 21 IRBT
[10:01] {Roman} 21 short setup small shares
[10:01] {esemde} welcome tom but it was vad that cued me on that one
[10:01] {tomg} yep, ty vad
[10:02] {Threei} ah come on ese, just take the damn credit
[10:02] {tomg} have to leave early, have a good day everyone
[10:02] {Threei} take care tom
[10:02] {Roman} 21 long TSRA
[10:02] {esemde} see ya tom
[10:02] {Threei} 30 min work, made money, leaving now
[10:02] {Roman} 21 20.60 TSRA small
[10:02] {Threei} disgusting, really
[10:03] {Threei} stay, sweat, be a good water-cooler comrade
[10:03] {tomg} just hung around anticipating that remark, now I'm gone :)
[10:03] {Threei} hehe
[10:03] {esemde} nahhhhhh!!! it was your find........
[10:04] {Threei} what a move SOHU
[10:04] {Threei} come on SYNA, follow
[10:04] {Roman} 21 SEED long watch
[10:05] {magoo} vad, but FSLR crushed
[10:05] {dino} de sm l .30
[10:05] {Threei} yes... but why "but"?
[10:06] {magoo} u use it as a indicator all the time
[10:06] {Threei} ?
[10:06] {Threei} for solars, maybew
[10:06] {Threei} but not for ovverall market
[10:06] {dino} don't you mean may brew
[10:07] {Roman} 21 short PAAS
[10:07] {Roman} 21 32.31
[10:07] {Threei} new highs SOHU
[10:08] {Threei} SYNA, you blind or what?
[10:08] {Threei} finally new high SYNA
[10:10] {Roman} 21 JRJC breaking out
[10:12] {dino} beat
[10:12] {dino} thin forgetit
[10:13] {judijim} gm all
[10:13] {Threei} jj :)
[10:14] {esemde} bstop BRCM 26.21 1/2
[10:15] {Threei} wow
[10:15] {Threei} Roman had it at 26 ese
[10:15] {esemde} looks like it is headed for another push
[10:16] {Roman} 21 stopped TSRA -.20
[10:16] {Threei} formed new consolidation, yes
[10:16] {Threei} just making sure you are ready to buy from Roman :)
[10:16] {esemde} long BRCM .21
[10:16] {esemde} yep
[10:19] {Roman} 21 JASO feels lower
[10:19] {esemde} Roman stop selling your shs BRCM and let it go higher man!!!!! leave me alone
[10:20] {Roman} 21 SSRI short'
[10:20] {esemde} oh...oh
[10:20] {Roman} 21 :)
[10:21] {Roman} 21 got SSRI 24.82 area
[10:21] {Roman} 21 cover GOLD +.82
[10:22] {esemde} needs to do it here or i'm out....my MA's are leveling off
[10:22] {Threei} where is your stop ese?
[10:23] {Threei} ni ce on GOLD Roman
[10:23] {Threei} you are ina good shape today
[10:23] {Threei} baby let you sleep some?
[10:23] {Roman} 21 not yet, still sleeping only a few hours
[10:23] {esemde} at .10 Vad
[10:24] {esemde} just below that last consolidation
[10:24] {Threei} yup
[10:24] {esemde} or if I think it's looking weak...
[10:24] {dino} i remember those days rfr, watched alot of late night tv
[10:25] {Roman} 21 :)
[10:25] {Roman} 21 EFUT
[10:25] {Threei} SYNA disappointing really
[10:26] {Threei} stop to .89
[10:26] {dino} that f'ng cme look at it today, stops me out yesterday
[10:26] {Threei} sheesh CME... no kidding
[10:28] {dino} de stopped -.33
[10:29] {esemde} Out BRCM .20 -.02
[10:29] {esemde} sorry -.01
[10:30] {Roman} 21 short JASO small
[10:30] {Roman} 21 23.45
[10:30] {dino} de rinsed
[10:31] {esemde} can't watch it........gotta go all have a great rest of the day ....another band coming up ....have work to do
[10:32] {Threei} take care ese
[10:32] {esemde} see ya vad...let me know how BRCm does tomorrow
[10:32] {dino} thin, s ottr, .31 sm
[10:34] {Threei} DRIV .67 long if stays above .60
[10:38] {Roman} 21 cover 1/2 PAAS +.56
[10:38] {Threei} why did I bother to do anything today but follow Roman
[10:38] {Roman} 21 cover 1/2 JASO +.29
[10:40] {dino} nice
[10:40] * Threei slaps Laserdave1 around a bit with a large trout
[10:45] {Threei} IMB interesting
[10:45] {Roman} 21 DRYS short watch
[10:46] {Threei} 4.06 long, stop under 3.80
[10:46] {Threei} not easy trade by any means
[10:46] {Threei} hopefully consolidates to form closer stop level
[10:47] {Threei} RIMM
[10:47] {Threei} RBC MAKING POSITIVE COMMENTS CONCERNING INTRODUCTION OF NEW PRODUCTS
[10:48] {Threei} nice momo IMB
[10:50] {Threei} feel free to start partialling
[10:50] {GeoArb} gm all ... late today
[10:50] {Roman} 21 out BRCM +31
[10:51] {Threei} geo :)
[10:53] {Threei} stop to .99 IMB
[10:54] {Threei} next spike should take it into 4.40
[10:56] {Threei} RBC on RIMM:
[10:56] {Threei} - RIM Reinventing Itself. The new form factor, a departure from its traditional keyboard handsets, is ,in our view, a prelude to a significant product cycle expanding RIM's handset lineup, particularly for additional market segments and consumers.
[10:56] {Threei} - It shows RIM is unafraid of reinventing itself to target competitive opportunities. In our view, RIM is positioning itself for significantly larger market opportunities beyond its traditional base.
[10:56] {Threei} - RBC sees RIM's growth outperforming peers in CY08, given:
[10:56] {Threei} 1) Accelerating Smartphone Market with share gains; 2) sustained competitive advantages; 3) product catalysts (including 3G/touchscreen); 4) international expansion; 5) operating leverage; 6) high ROI/'stickiness' of Blackberry.
[10:58] {Threei} XOM
[10:58] {Threei} REACHES DEAL WITH UNION TO END 8 DAY STRIKE
[10:58] {Threei} let's trail IMB to .09
[10:59] {Threei} if it can't break .30, want profit secured
[10:59] {Threei} oil 110s?
[11:04] {Threei} market is tagging yesterday's high
[11:04] {Threei} whole yesterday's selloff is being canceled
[11:06] {Threei} out SYNA
[11:06] {Threei} over 1:1 finally
[11:06] {Threei} took more patience that I am usually capable of
[11:07] {Threei} can I go to sleep mode? 'cause you all seem to be there
[11:07] {patience} i am not asleep...i am stomping on Barrick, trying to make it go down more
[11:08] {hawkfan4} busy day
[11:08] {Threei} oops... sorry hawk, won't interrupt you with my calls {G}
[11:08] {Threei} or distract :)
[11:09] {Threei} forgot barrics symbol patience..
[11:09] {patience} abx
[11:09] {Threei} ahha, ty
[11:09] {patience} bought puts when it was $46 canadian, it is now 38.29
[11:09] {patience} want a good swoosh down
[11:10] {Threei} 46 eh? you nailed almost exact top mid April then
[11:10] {patience} going to look at the chart
[11:11] {Threei} 46.19 and 46.26 highs on Apr16 and 17
[11:11] {Threei} down ever since
[11:11] {patience} yes, i see it....thought at the time gold was breaking down
[11:11] {patience} still think it has more to go
[11:14] {hawkfan4} ok Vad, back to flat, so feel free to make more calls :)
[11:14] {Threei} nope... sleep be undisturbed
[11:17] {Threei} watching FSLR for double bottom
[11:17] {dino} spwr sm l .00
[11:17] {Threei} if holding 266
[11:18] {Threei} smaaal shares
[11:18] {Threei} IMB done for now
[11:19] {bruce} out vlo +.33 c on ounce play
[11:21] {hawkfan4} in FSLR 267.13
[11:21] {Threei} a bit higher than I envisioned...
[11:22] {hawkfan4} me too
[11:22] {Threei} lol
[11:27] {Roman} 21 cover remaining JASO +1.02
[11:29] {bruce} nice one roman
[11:29] {Roman} 21 thanks
[11:29] {Roman} 21 wanted to short DRYS but not available
[11:31] {hawkfan4} out FSLR 266, was worth a shot
[11:33] {Threei} a bit too high entry, hawk...
[11:33] {hawkfan4} yes, for sure
[11:37] {dino} spwr stopped
[11:41] {Threei} trying to make sense of RIMM chart
[11:41] {Threei} 126.11 resistance which would be a nice trigger if it had closer support
[11:42] {Threei} I wish it didn't lose .90 a few moments ago
[11:42] {Threei} not sure if it's worth it
[11:42] {Threei} maybe better let it pull back
[11:43] {Threei} if holding .90 this time, beter chance for a play
[11:43] {Threei} .16 meltodown trigger
[11:45] {Threei} lost .90, let's wait for deeper pullback
[11:52] {Threei} took some RIMM on this pullback
[11:52] {Threei} stop under .90
[11:53] {Threei} come on RIMM, enough games
[11:54] {Chaeron} good afternoon all.......
[11:55] {Threei} chaeron :)
[11:57] * Threei kicks RIMM in the rear
[11:59] {Threei} RIMM hit over 1:1 but not really what I want from this trade
[11:59] {Threei} with any market help, plan is to partial out around .50 and try half for 127 or so
[12:03] {hawkfan4} very nice Vad, thx. got .96 entry
[12:04] {Threei} :)
[12:04] {Threei} sold half yet?
[12:04] {hawkfan4} had to make up for that FSLR, yep, .38
[12:08] {Threei} come on RIMM, next piush
[12:08] {Threei} half out +.44
[12:12] {Threei} this is one amazing market
[12:13] {Threei} huge selloff yesterday, just as big snapback today
[12:14] {hawkfan4} volume still looks pretty low
[12:21] {Threei} I wouldn't put too much significance in yesterday's volume spike
[12:21] {Threei} feds day
[12:22] {Threei} FSLR feels to me like reversed the trend... no call, can't control risk on this one
[12:22] {Threei} I'd be surprised if it made new lows today
[12:23] {Threei} but then again... I've been surprised before
[12:39] {Threei} good boy RIMM
[12:39] {Threei} ourt most +.93
[12:40] {Threei} just 100 shares left, mostly out of curiosity
[12:41] {Threei} XOM
[12:41] {Threei} SAYS FUNDAMENTALS DO NOT SUPPORT CURRENT OIL PRICES - WIRE HEADLINE- No projects have been cancelled due to rising costs.
[12:42] {dino} ottr stopped -.35
[13:00] {_aosdaveg} sup boys and girls
[13:00] * Threei slaps _aosdaveg around a bit with a large trout
[13:00] {_aosdaveg} lol
[13:00] * Chaeron slaps _aosdaveg around a bit with a large trout
[13:01] {_aosdaveg} i'm in Chicago
[13:02] {Threei} that's where you've been last time we've seen you
[13:02] {_aosdaveg} california kicked me out
[13:02] {Threei} who could blame them
[13:02] {_aosdaveg} oh yeah
[13:02] {_aosdaveg} lol
[13:03] {Threei} chaeron personally petitioned governor
[13:03] {_aosdaveg} :)
[13:03] {Chaeron} I was just about to type that I started the movement
[13:03] {Threei} sheesh FSLR
[13:06] {_aosdaveg} sorry i left so abruptly, had a bit of an issue happenin'
[13:07] {Threei} resolved now?
[13:08] {_aosdaveg} yup!
[13:08] {Threei} chaeron
[13:08] {Threei} do you forgive him?
[13:08] {Threei} {Chaeron} sure, buit he stays out of california
[13:09] {_aosdaveg} lol
[13:11] {Threei} gold 853, oil 111... who would have thought
[13:11] {Threei} now, oil at 50 and I am happy camper
[13:12] {_aosdaveg} you know gas is 4 bucks here now
[13:12] {_aosdaveg} amazing
[13:13] {Threei} almost 5 here soooo...
[13:13] {_aosdaveg} whoa
[13:14] {Threei} and are friggin producing and suplying oil
[13:16] {Threei} I cringe when hear "Europe paid and pays much higher prices so don't complain"
[13:16] {_aosdaveg} ym's strong
[13:16] {Threei} it's bs
[13:16] {Threei} structure of North American cities and European cities is very different
[13:17] {Threei} NA is adjusted for car, by its structure and by scarce public transportation
[13:17] {_aosdaveg} 13000 stops hit
[13:17] {Threei} and it's not like you can just decide to change it and change it
[13:19] {Threei} remember I said two or three weeks ago that once 1900 NQ is broken, there is nothing to keep it from 2000
[13:19] {Threei} about 20 points left
[13:24] {Threei} RIMM didn't even try to approach day high while NQ tagged 1980
[13:24] {Threei} watching for short setup
[13:25] {Threei} two resistance levels, .50 and .70
[13:25] {Threei} usua RIMM pattern is to break first one on bounce but stays under another
[13:25] {Threei} so ideally short would be just above .50
[13:25] {Threei} with stop .75 or so
[13:26] {Threei} in
[13:26] {Threei} fairly tight stop, comfortable
[13:27] {magoo} vad, dcc quick
[13:28] {Chaeron} in RIMM s .57
[13:29] {Threei} over 1:1 already, lol
[13:29] {Threei} didn't take long
[13:30] {Threei} US HOUSE FINANCIAL SERVICES COMMITTEE APPROVES FHA BILL ENABLING FINANCING $300B IN DISTRESSED MORTGAGES
[13:32] {dino} rcrc
[13:32] {dino} lhcg
[13:32] {Threei} BERNANKE: BANKS CAN ALREADY PLEDGE STUDENT LOANS FOR FED LOANS, APRIL 25 COMMENTS IN RESPONSE TO DODD LETTER- Bernanke says Fed is always reviewing all policy tools,
[13:33] {dino} s lhcg .99
[13:52] * Raven slaps _aosdaveg around a bit with a large trout
[13:52] {Raven} 3 where in hell haver you been ?
[13:53] {Raven} 3 slacker
[13:54] {_aosdaveg} hi!
[13:54] {Raven} 3 yes
[13:55] {_aosdaveg} got a new job in the city
[13:55] {_aosdaveg} such big buildings
[13:55] {Raven} 3 that's good I guess
[13:55] {Raven} 3 you have to commute ?
[13:56] {_aosdaveg} i take a bus
[13:56] {Raven} 3 OK
[13:56] {_aosdaveg} i moved to, to be closer
[13:56] {Raven} 3 I see
[13:57] {Threei} I need to move closer to mine too
[13:57] {Raven} 3 sigh
[14:07] {bruce} dino - just noticed I've missed several of your questions in chat last few days
[14:07] {bruce} sorry - get called away with phone callsa times
[14:09] {dino} np
[14:11] {dino} lpnt l .60 stop lod
[14:21] {dino} sloars waking up
[14:22] {dino} solars
[14:23] {Threei} AMKR resumed
[14:24] {Threei} 11.80 nearest support
[14:24] {Threei} would be interested buyer if it pulled back to it
[14:29] {bruce} taking break
[14:30] {dino} lpnt stopped -.30
[14:31] {dino} cell
[14:31] {hawkfan4} 14:30 CELL Brightpoint and RIMM Enter Into a Global Master Distribution Agreement (9.70 +0.59)
[14:31] {hawkfan4} RIMM...
[14:38] {_aosdaveg} FEED
[14:39] {Threei} POS
[14:39] {_aosdaveg} lol
[14:39] {dino} lol
[14:40] {Threei} anyone bought AMKR break, over 1:1
[14:40] {dptl} +.10 ty
[14:40] {Threei} :)
[14:44] {judijim} signing off ,have a great day all
[14:45] {dino} rate
[14:45] {_aosdaveg} u2
[14:46] {dino} missed it
[14:49] {Threei} take care jj
[14:50] {dino} cya jj
[14:50] {dino} ttek
[14:53] {dino} dwsn l .53
[14:56] {Threei} CELL is a wierdo
[14:58] {dino} y
[15:00] {magoo} back
[15:08] {_aosdaveg} front
[15:09] {magoo} vad, it says "stopped" when canx oprder in module?
[15:09] {Threei} right
[15:09] {magoo} ty
[15:09] {magoo} gave me a lil peace of mind
[15:10] {Threei} you can restert it or cancel it
[15:10] {magoo} how canx?
[15:10] {Threei} 6th button from the left
[15:10] {Threei} delete a stopped order
[15:11] {magoo} ah......magic :)
[15:12] {Threei} lol
[15:12] {Threei} you are easy to impress eh?
[15:16] {dino} lhcg stop to b/e
[15:17] {Threei} sheesh AMKR
[15:18] {dino} oh mann, lchg stopped .89, +.11 don't even see how??
[15:19] {dino} +.10
[15:20] {dino} dwsn stop to .69
[15:22] {dino} out dwsn .68, +.15
[15:23] {Onix} CPWR?
[15:26] {Threei} 7.96 is long trigger chart wise... but it's fairly narrow one
[15:27] {Threei} and we are close to end of day
[15:27] {Threei} not sure it's worth the risk
[15:27] {Threei} stop would be .88 if you like it
[15:27] {Onix} thanks Vad
[15:35] {_aosdaveg} seed
[15:36] {dino} gotta hop, take care all
[15:36] {Threei} take care dino
[15:37] {bruce} bye dino
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrfow
[15:58] {hawkfan4} thanks vad
[15:58] {magoo} ty vad
[15:58] {dptl} have a good evening all :)
[16:03] {bruce} nightall