May 12 2008

Session Time: Mon May 12 00:00:00 2008


[07:57] {Threei} RIMM
[07:57] {Threei} INTRODUCING A NEW BLACKBERRY MODEL TODAY - UPDATE- The Blackberry Bold, which goes on sale this summer, includes integrated global-positioning-system and Wi-Fi functionality and is compatible with tri-band HSDPA high-speed networks worldwide
[07:57] {Threei} JASO
[07:57] {Threei} REPORTS Q1 $0.14 V $0.11E, R $160.0M V $147.6ME
- Raises FY08 Rev guidace to $1.03-1.14B v $989.2Me (from $990-1.10B reported on 3/12).
[07:57] {Threei} - Q1 Megawatt production 49.2MW v 17.6MW y/y.
[07:57] {Threei} - Q1 Megawatts shipped 51.4MW v 14.4MW y/y .
[07:57] {Threei} - Guides Q2 Megawatt addition +125MW.
[07:59] {Threei} 07:12am [JASO] Offering $300M of senior convertible notes and borrowed American Depositary Shares
[08:02] {hawkfan4} morning vad, all. JASO good news/bad news it seems.
[08:02] {Threei} morning hawk
[08:02] {Threei} matter of interpretation...
[08:02] {Threei} don't see much in bad in "bad" part
[08:02] {Threei} raises capital during strong expansion period
[08:03] {Threei} - The notes will pay interest semi-annually and mature on May 15, 2013. Prior to February 15, 2013, the notes will be convertible upon specified events and, thereafter, at any time. Upon conversion, JA Solar will have the right to deliver (i) ADSs or (ii) cash and, if applicable, ADSs. JA Solar currently intends to satisfy its conversion obligation upon any conversion of Notes by delivering cash, and, if applicable, ADSs.
[08:03] {Threei} earnings and guidance are spectacular
[08:05] {Threei} MICROSOFT AND RIM TO BRING WINDOWS LIVE SERVICES TO BLACKBERRY SMARTPHONE CUSTOMERS
[08:06] {hawkfan4} ah, true. solars are a very interesting group. Wind too. Got CPST 2.95 friday
[08:06] {Threei} RIMM over 135
[08:06] {Threei} well, the problem with solars is they are tied to oil price now,
[08:07] {Threei} not like old days when they would get a booster by oil rising
[08:07] {Threei} and oil is into strong overbought condition
[08:08] {Threei} doesn't mean we won't see another decoupling though :)
[08:09] {hawkfan4} yep, actually watching FSLR for possible head/shoulder on daily. wouldn't trade on it, but would give clues as to how to play the group maybe?
[08:13] {Threei} hard to tell, lately this group is not showing uniformity
[08:14] {Threei} used to move in unison, now there is more separation between ledears and laggers
[08:14] {Threei} ummm... I re-read what I typed before, and I am not making much sense, am I
[08:14] {Threei} now after coffee finished, here is what I mean by possible decoupling
[08:15] {hawkfan4} well, it's early and monday, so it made perfect sense to me :)
[08:15] {Threei} lol
[08:15] {Threei} last oil crisis alternative energy sources got a boost in R&D,
[08:16] {Threei} and when oil prices collapsed, those works died
[08:16] {Threei} on "not needed anymore" logic
[08:16] {Threei} This time around, scare is much more serious
[08:17] {Threei} and showed that this kind of threat to economy cannot be dismissed anymore even if oil goes back down
[08:17] {Threei} so it's quite possible that even if this happens and oil returns to reasonable prices,
[08:17] {Threei} development of alternative energy will continue
[08:18] {Threei} Common sense says that's what needs to be done
[08:18] {Threei} remains to be seens of course,
[08:19] {Threei} since common sense is the least common thing
[08:19] {hawkfan4} lol!
[08:20] {Threei} btw, this is one of the reasons I continue keeping eye on VLNC
[08:22] {Threei} 06:39am [CPST] UPDATE: Merriman Curhan & Ford Initiates CPST with Buy
[08:22] {hawkfan4} ah, batteries?
[08:22] {Threei} yeah, for electric cars if I remember correct
[08:23] {Threei} CPST trying to break 52 week high
[08:24] {Threei} http://www.valence.com/technology/applications_motive.html
[08:25] {Threei} that's one of VLNC applications
[08:25] {Threei} From industrial vehicles, such as electric vehicles (EVs) and hybrid electric vehicles, to lighter vehicles, such as golf carts, electric wheelchairs, personal transportation devices and scooters, the motive power market is diverse. These quiet, powerful, low to zero-emission vehicles need portable power solutions to operate efficiently.
[08:27] {Threei} MER CFO: SOME WRITEDOWNS MAY BE REVERSED IN THE FUTURE, TOOK ANOTHER $5.2B WRITEDOWN ON BALANCE SHEET SINCE Q1, DOES NOT HURT INCOME
- 20% ROE is achievable
[08:27] {Threei} - Wealth management business to boost ROE
[08:27] {Threei} - Working to reduce illiquid assets
[08:27] {Threei} - 50% of Merrill short CDO positions are with insurers; Has taken appropriate writedowns on those positions
[08:28] {hawkfan4} cool beans, i'm gonna keep an eye on it. actually traded it off your last mention of it, but sold 3.78.
[08:31] {Threei} SEED
[08:31] {Threei} TO PRESENT AT UPCOMING INVESTOR CONFERENCES
[08:32] {Threei} MCEL
[08:32] {Threei} ANNOUNCES CEASING OPERATIONS
[08:32] {Threei} this one bites the dust
[08:32] {Threei} batteries also
[08:35] {Threei} XMSR
[08:35] {Threei} REPORTS Q1 -$0.42 V -$0.39E, R $308.0M V $313.0ME
[08:38] {Threei} - Churn 1.77% v 1.78% y/y
[08:38] {Threei} - ARPU $10.04 v $10.15 y/y
[08:38] {Threei} - Total Revenue per Subscriber $11.23 v $11.34 y/y
[08:38] {Onix} Good morning all
[08:38] {Threei} onix :)
[08:39] {Threei} you'd think XMSR should be a buck lower already on this
[08:39] {Threei} • In energy news overnight an Iranian official said overnight that there will be no emergency OPEC meeting before September. Similarly, the Qatari oil minister said overnight that he sees no need for OPEC to meet before September.
[08:40] {Threei} sure, what's the rush
[08:40] {Threei} The Wall Street Journal wrote overnight that a US House committee has started a probe into speculation in energy markets. Hearings have been scheduled for May and June. The article notes that lawmakers are particularly taking aim at hedge funds and investment banks.
[08:44] {magoo} m,ornhink
[08:44] {Threei} magoo :)
[08:45] {magoo} man..look at that typing he he
[08:45] {_aosdaveg} morning
[08:45] {Threei} hey dave
[08:45] {Threei} looking mags... don't see anything drastically sdifferent from how you always type {G}
[08:47] {dino} gm all
[08:47] {Threei} dino :)
[08:47] {Threei} JASO swings are nauseating
[08:48] {magoo} really moving this morn
[08:52] {Threei} 08:51am [NAVI] Added to "Best Ideas List" at Canaccord Adams
[08:55] {magoo} RADN news vad?
[08:57] {dptl} good morning all
[08:57] {magoo} JASO here vad..may bounce..its neg
[08:59] {Threei} dp :)
[08:59] {Threei} RADN bought out
[09:02] {Threei} GOOG
[09:02] {Threei} INTRODUCES FRIEND CONNECT; ALLOWS ANY WEBSITE TO BECOME A SOCIAL SITE
[09:06] {pita} gm
[09:06] {Threei} pita :)
[09:07] {Threei} you see RIMM magoo?
[09:07] {Threei} news, break over 135
[09:07] {magoo} yeah..stalking it
[09:09] {magoo} u like it anywhere vad?
[09:10] {Threei} liked it at 8:02 when broke 135
[09:11] {Threei} not an easy trader even during normal hours, let alone pre-maket... don't want to jump in uncotrollable risk
[09:12] {magoo} u like JASO anywhere ?
[09:12] {Threei} nope
[09:12] {Threei} great earnings and guidance, thing goes negative?
[09:13] {Threei} let it trade, will see what transpires
[09:13] {GeoArb} gm
[09:13] {Threei} geo :)
[09:14] {fernp} gm
[09:14] {Threei} fernp :)
[09:18] {Threei} RCH
[09:18] {Threei} ANNOUNCES FIRST CONTRACT IN UNITED STATES VALUED AT $11.6 MILLION
[09:18] {Threei} chinese construction company
[09:20] {esemde} morning...almost late but made it.
[09:20] {Threei} ese :)
[09:25] {Threei} JASO drops on good earning, XMSR goes up on bad
[09:26] {Threei} all is well in my world
[09:27] {esemde} things functioning normally....ahhhhhh
[09:31] {Roman} 21 probably rince and sqeeze higher but end of day
[09:31] {Roman} 21 just my opinion
[09:31] {Threei} on what Roman?
[09:32] {Roman} 21 JASO
[09:33] {Roman} 21 CPST
[09:33] {Roman} 21 in 3.11
[09:37] {esemde} COGT...this looks dangerous
[09:39] {esemde} and how bout the daily chart on ABAT
[09:40] {magoo} RIMM bounce vad?
[09:41] {Threei} too hectic
[09:42] {Threei} JASO .66 half lot long if not losing .40 anymore
[09:44] {esemde} ERIC but i'm not sure where to get in
[09:45] {Roman} 21 CPST trying again
[09:45] {dino} oih -4.50 fwiw
[09:46] {Threei} FED'S EVANS: CONSUMERS ARE UNDER ALOT OF STRESS
[09:46] {Threei} what an insight
[09:46] {magoo} no one ever comments that daytraders are under alot of stress
[09:46] {Roman} 21 BCON on radar
[09:47] {Threei} they are?
[09:47] {Roman} 21 JADE running
[09:47] {esemde} yuk yuk yuk
[09:47] {esemde} it's true
[09:47] {esemde} maybe his investments have gone sour or he's had a pay cut
[09:47] {Threei} JASO changes symbol to POS
[09:48] {Roman} 21 in full CPST
[09:49] {Roman} 21 stop 3.03
[09:50] {Roman} 21 EGLE long setup
[09:50] {Roman} 21 jumpy
[09:52] {magoo} RIMM no care about naz today
[09:52] {Roman} 21 VNDA bounce
[09:52] {Roman} 21 with volume
[09:53] {fernp} QLGC
[09:54] {magoo} JASO still valid vad?
[09:55] {Threei} no
[09:55] {dino} sm l meli .61, stop .25
[09:56] {dino} well that pretty much sucked
[09:57] {Roman} 21 long EGLE
[09:57] {Roman} 21 small 33.25
[09:57] {Threei} TKLC
[09:57] {Threei} .20 break long if stays above .10
[09:57] {dino} re-try .50
[09:58] {magoo} in .19
[09:59] {dino} out meli 51.90, +1.40
[09:59] {Threei} good revenge
[09:59] {dino} bit of the old luck
[10:01] {magoo} EGLE a jumper roman
[10:02] {Roman} 21 JASO coming back
[10:02] {Roman} 21 this maybe start a reversal of the solars
[10:03] {Roman} 21 CSIQ should be leading the group
[10:04] {Threei} out half TKLC
[10:05] {Roman} 21 in small SOLF
[10:05] {Roman} 21 want to see if solars bounce and make highs
[10:05] {Threei} stop to .14
[10:08] {dino} ener
[10:11] {Threei} TKLC stop to .19
[10:13] {Threei} CCU
[10:13] {Threei} DAVID FABER: HEARING TODAY'S STAY DOES NOT MEAN SETTLEMENT WILL BE REACHED, BUT THE SITUATION IS FLUID - CNBC
[10:16] {Threei} CELL which we tried to catch on Friday on 10 break did nothing but broke today
[10:17] {dino} sm l rig .62, stop .24
[10:17] {Threei} not sure it's worth looking for entry... tormenting stock
[10:19] {dino} stopped, no help from oih
[10:19] {dino} genc blood
[10:20] {esemde} it looks like it will carry on up VAD....i like the look of Cell for a swing trade
[10:20] {Threei} try to get as close to 10 as possible then
[10:21] {Threei} if afraid it can get away, try to partial in
[10:21] {esemde} definately
[10:21] {Chaeron} GM all
[10:21] {Threei} chaeron :)
[10:21] {Threei} VLNC approaches Fri high
[10:22] {esemde} CCCCHHHHH baby!!!!
[10:22] {Chaeron} ese :)
[10:22] {magoo} chaer:)
[10:22] {esemde} blah de blah type of morning CH
[10:23] {Chaeron} good to know ese... ws scared I missed all the $$$
[10:24] {magoo} fslr turning up
[10:25] {magoo} may be indicator
[10:26] {judijim} glad to be back, good morning all
[10:26] {Chaeron} hi jj
[10:26] {Threei} jj :)
[10:26] {esemde} jj
[10:26] {magoo} jj : )
[10:30] {Roman} 21 SNHY
[10:30] {Roman} 21 CSIq
[10:31] {Threei} wow
[10:31] {Threei} what just happened there
[10:31] {magoo} roman's buy order filled vad
[10:31] {Threei} ah
[10:31] {magoo} 10k shares
[10:32] {magoo} out TKLC btw..+ dime TY vad
[10:32] {Roman} 21 SNHY looking good, but too thin
[10:35] {Roman} 21 CSIQ leading solars
[10:35] {Threei} CSIQ if takes this offer at .23, has a shot at 52 weeks high
[10:36] {Roman} 21 EGLE should try here
[10:36] {Roman} 21 spiker
[10:37] {Threei} {CSIQ} what offer?
[10:37] {Roman} 21 JADE
[10:37] {Roman} 21 sorry JASO
[10:37] {magoo} now SOLF trying
[10:37] {hawkfan4} SOLF trying to follow
[10:38] {Roman} 21 yeah, i am riding SOLF small 14.41
[10:38] {magoo} me in 14.52
[10:38] {hawkfan4} .54 here
[10:38] {hawkfan4} asti .60
[10:38] {Threei} {CSIQ} what 52 week highs?
[10:38] {magoo} like rimm long here in .88
[10:39] {Roman} 21 bidding DSTI
[10:39] {Roman} 21 JASO sqeezing
[10:39] {magoo} 2:1 easy
[10:40] {Roman} 21 long CTDC
[10:42] {magoo} waiting RIMM at .62
[10:43] {Roman} 21 out EGLE +.52
[10:43] {Threei} wtg
[10:43] {tomg} ty csiq, vad
[10:44] {tomg} +.30
[10:44] {tomg} still in tklc
[10:44] {Threei} roman's one... I just provided a benchmark
[10:44] {tomg} ah, ty roman
[10:44] {magoo} out RIMM here..+ .74
[10:45] {Threei} beautiful one mags
[10:45] {magoo} out EGLE here .83...+ .38
[10:45] {Threei} ok, that did it
[10:45] * Threei slaps magoo around a bit with a large trout
[10:45] {magoo} that one never went against me vad..lucky
[10:45] {Threei} CPST new 52 week highs
[10:46] {dino} gj magoo
[10:46] {Threei} you got target in mind for this one Roman?
[10:47] {Roman} 21 no target, i am just riding it
[10:47] {Threei} to the moon then
[10:48] {Roman} 21 probably 3.5
[10:48] {tomg} you still in tklc, vad?
[10:48] {Threei} oh, just below the moon
[10:48] {Threei} half tom
[10:48] {Threei} .19 stop
[10:48] {tomg} ok, ty
[10:49] {tomg} will just set stop .19, have to leave for a while
[10:50] {dino} genc sm l .72, stop .29
[10:53] {dino} genc tighten to .47
[10:56] {Threei} CTDC looks ready roman
[10:57] {Threei} FEED
[10:57] {Threei} half lot long 19 break
[10:57] {Threei} stop under .80
[11:00] {Threei} SPWR
[11:00] {Threei} STRENGTH BEING ATTRIBUTED TO POSSIBLE LARGE CONTRACT WIN
[11:03] {Threei} let's tighten FEED to under .90
[11:04] {Threei} I'd like to see more enthusiasm on a break
[11:04] {dino} efficieb=ncy improvement too
[11:05] {dino} effciency
[11:06] * Threei pokes CTDC with sharp stick to see if there is any life there
[11:07] {GeoArb} not exactly a scintillating monday
[11:07] {Threei} like poking amoeba
[11:10] {Threei} {CTDC} what did you call me?
[11:12] {Roman} 21 JRJC also on radar
[11:15] {Roman} 21 DSTI getting ready to play
[11:15] {Roman} 21 could be a new forgotten solar play
[11:15] {Threei} as in "new old" play?
[11:17] {Roman} 21 out 1/2 CTDC +.50
[11:17] {Threei} wtg
[11:17] {dino} gj
[11:18] {hawkfan4} roman's on fire, thx, ctdc +.40
[11:18] {Roman} 21 yw
[11:18] {Threei} hey, my poke helped too
[11:19] {Threei} and hurling insults at CTDC
[11:19] {dino} genc stopped -.25
[11:19] {hawkfan4} ok...thx Vad :)
[11:19] {Threei} lol
[11:20] {GeoArb} stopped feed
[11:20] {GeoArb} stupid of me
[11:20] {GeoArb} one 100 share print on .98
[11:21] {Threei} hello from cosmo
[11:22] {Threei} he is in tech hell
[11:22] {GeoArb} hey !
[11:22] {GeoArb} thats my day job
[11:22] {Threei} should be back in a day or two
[11:22] {dino} lol
[11:22] {Threei} when he glues shuttered pieces of computer back together
[11:23] {dino} sohu
[11:23] {Threei} CPST continues
[11:25] {esemde} was just going to say that....is Roman still in it?
[11:26] {Threei} he wants 3.50 as I made him admit by way of torture
[11:26] {Roman} 21 yes, i am in - all day type of trade unless it spikes up like crazy
[11:26] {esemde} nice trade Roman...
[11:27] {Roman} 21 too early to say , it might as well break down
[11:27] {Roman} 21 it mean it could just as easy
[11:28] {esemde} true
[11:36] {Roman} 21 CSIQ new high
[11:36] {Roman} 21 why Canadian solar is leading?
[11:36] {Roman} 21 how much sun is out there vad
[11:37] {Threei} a lot
[11:38] {Threei} you may remember classic russian poem... "Frost and sun..."
[11:38] {Roman} 21 :)
[11:39] {Roman} 21 GIGM
[11:44] {Roman} 21 watching SIRF
[11:44] {Roman} 21 feels higher but don't have clear entry
[11:47] {dino} jaso l .60, stop .27
[11:49] {dino} last try genc .10, stop .78
[11:49] {dino} partial, darn
[11:51] {Threei} CSUN 10 break long
[11:52] {Roman} 21 watching CPSL
[11:56] {Roman} 21 in CPSL small
[12:02] {Roman} 21 CTDC took 7
[12:02] {Roman} 21 i mean broke 7
[12:02] {magoo} i have apptmt..back in hour
[12:04] {dino} slacker
[12:04] {Roman} 21 DSTI watching that break of 4.3
[12:12] {Threei} CSUN defined support for stop/invalidating level: 9.85
[12:12] {Roman} 21 CTIB
[12:12] {Roman} 21 radar
[12:13] {Roman} 21 acts like it's got news
[12:13] {Threei} 12:11pm [CTIB] Reports Q1$0.10 v -$0.02 y/y, R$10.7 v $8.3M y/y
[12:13] {Threei} it did
[12:25] {Threei} TRLG .50 break long half lot if stays above .40
[12:25] {Threei} just a scalp most likely
[12:30] {Threei} invalidated
[12:32] {dino} jaso stopped -.32
[12:32] {esemde} signing off for the day ladies and gentleman....see you tomorrow
[12:34] {dino} cya es
[12:35] {Threei} take care ese
[12:42] {magoo} back
[12:44] {magoo} hey vad............
[12:44] {Threei} yes sir
[12:44] {magoo} i used tyhe stop module and it worked nicely
[12:44] {Threei} my experience too... but I use it so rarely, may not be indicative
[12:45] {magoo} well..thats onbly my secobnd use all year
[12:56] {magoo} man..i got some serious scalpers regrett
[12:57] {Threei} on what?
[12:57] {magoo} bidu..rimm..aapl
[13:16] {Threei} well CSUN... any chance you'd wake up and smell the coffee?
[13:16] {hawkfan4} SOLF breaking 15, CSUN .93
[13:16] {Threei} or whatever keeps you going
[13:23] {dino} rig sm l .30 wide
[13:25] * Threei slaps Laserdave1 around a bit with a large trout
[13:29] {GeoArb} hi dave
[13:29] {GeoArb} dcc pls
[13:52] {GeoArb} am i here? :)
[13:52] {Threei} anyone seen Geo lately?
[13:54] {dino} nope
[13:55] {GeoArb} darn dsl issues..... and ATT "agents" busy for 30 mins
[13:55] {GeoArb} did i miss the superduperlicious trade?
[13:55] {Threei} 3 of them
[13:55] {GeoArb} there goes the mortgage
[13:56] {Threei} CPST is real exercise in patience for me today
[13:56] {Threei} I don't know how you swingtraders do this
[14:00] {Threei} APRIL MONTHLY BUDGET STATEMENT: $159.3B V $160BE
[14:03] {Threei} CCU
[14:03] {Threei} CONFIRMS SETTLEMENT TALKS- No settlement has been reached by the parties and there can be no assurance that any settlement will be reached. Clear Channel will not comment on any potential settlement terms or the likelihood that a settlement agreement will be reached.
[14:07] {magoo} CCU looks to be rolling
[14:14] {Roman} 21 SOLF now
[14:14] {Roman} 21 in 15.20
[14:14] {Roman} 21 small
[14:17] {Roman} 21 CSUN
[14:17] {Roman} 21 trying long 1/2 size
[14:17] {Roman} 21 10.00
[14:21] {Roman} 21 out SOLF -.06
[14:36] {Threei} CSUN 1:1
[14:37] {Roman} 21 nice find, thanks Vad
[14:37] {Roman} 21 in FRPT 3.95
[14:37] {Roman} 21 1/2
[14:39] {Roman} 21 JADE could be heading for another round
[14:44] {Threei} FED'S LACKER: MUST KEEP TOTAL INFLATION LOW INCLUDING FOOD AND ENERGY, INFLATION WAS 'DISAPPOINTING' IN 2007
[14:44] {Threei} you don't say
[14:48] {Roman} 21 CROX
[14:49] {Roman} 21 .
[14:50] {Roman} 21 long SIRF
[14:50] {Roman} 21 7.08
[15:02] {magoo} ..
[15:03] {Roman} 21 it's a shame my "slap" function is not working in this chat room
[15:04] {Threei} someone from above disabled it for you
[15:04] * magoo slaps Roman around a bit with a large trout
[15:04] * magoo slaps Threei around a bit with a large trout
[15:04] * magoo slaps Raven around a bit with a large trout
[15:04] * magoo slaps Chaeron around a bit with a large trout
[15:04] * magoo slaps dino around a bit with a large trout
[15:04] * magoo slaps dptl around a bit with a large trout
[15:04] * magoo slaps hawkfan4 around a bit with a large trout
[15:04] * magoo slaps jmb around a bit with a large trout
[15:04] * magoo slaps judijim around a bit with a large trout
[15:04] * magoo slaps Laserdave1 around a bit with a large trout
[15:04] * magoo slaps Laserdave1 around a bit with a large trout
[15:05] * magoo slaps Onix around a bit with a large trout
[15:05] * magoo slaps peterg around a bit with a large trout
[15:05] {Threei} sigh
[15:05] {Threei} aren't you glad you mentioned it roman
[15:06] {magoo} just helping him out
[15:06] {Threei} good boy CSUN
[15:07] {Roman} 21 EDS EDS: Premium expected to be in 30% range, sources say - WSJ (23.50 +4.19) -Update-
[15:08] {Roman} 21 CEGE feels like a risky long setup: SWING
[15:08] {Roman} 21 so i am taking it
[15:13] {magoo} lasrdave, dcc
[15:19] {Threei} RIMM will never stop
[15:20] {magoo} god dammit.ill stop it
[15:20] {magoo} long .84
[15:20] {Threei} {magoo} want me to stop it??
[15:20] {Threei} hehe
[15:21] {magoo} LASERDAVE, LOOK DCC when u can
[15:21] * Threei slaps Laserdave1 around a bit with a large trout
[15:21] {Threei} just trying to help
[15:21] {magoo} hanx, wake him
[15:21] {Threei} wow... even you can't stop RIMM
[15:21] {Threei} need chaeron to buy it too
[15:22] {magoo} waiting .17
[15:27] {magoo} dammit..08
[15:27] {magoo} is all it got
[15:38] {Threei} CTDC is intriguing me
[15:38] {Threei} not that I would jump in here
[15:38] {GeoArb} poos aig
[15:38] {Threei} but look at daily
[15:38] {GeoArb} poor AIG
[15:40] {judijim} we're saying good bye for today, see you all tomorrow
[15:40] {Threei} take care jj
[15:48] {Threei} some amazing chart... SOHU
[15:48] {Threei} OK, I am about to cry:
[15:48] {Threei} PRESIDENT BUSH: US ECONOMY IS GROWING, BUT HIGH GASOLINE PRICES ARE MAKING THE RECOVERY HARDER
[15:49] {Threei} HPQ HALTED; NEWS PENDING
[15:51] {magoo} they reporting?
[15:51] {Threei} no
[15:51] {Threei} EDS was hatled earlier,
[15:51] {Threei} they negotiated merger
[15:51] {magoo} carly caught with janitor?
[15:51] {Threei} probably hatled for announcement
[15:52] {Threei} lol
[15:52] {dino} take care all
[15:52] {Threei} bye dino
[15:52] {Threei} LDK earnings today?
[15:53] {magoo} dunno
[15:53] {hawkfan4} yes, after market
[15:53] {Threei} ty
[15:53] {Threei} volatile thing
[15:53] {Threei} can easily move 10 points in a blink of eye
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {magoo} ty vad
[15:57] {hawkfan4} thanks vad, roman, nice day
[15:57] {dptl} have a good evening all
[16:06] {Threei} LDK
[16:06] {Threei} REPORTS Q1 $0.45 V $0.39E, R $233.4M V $218.4ME

May 09 2008

Session Time: Fri May 09 00:00:00 2008

[08:30] {Threei} MAR US TRADE BALANCE: -$58.2 V -$61.0BE
- Prior revised from -$62.3B to -$61.7
[08:36] {esemde} goodmorning Vad,hawk tom
[08:36] {Threei} good morning
[08:41] {Threei} oil 125.10
[08:41] {Threei} hit 125.98 earlier
[08:42] {esemde} Vad just sent you an email re boked show dates
[08:42] {esemde} thats "booked"
[08:42] {Threei} ty
[08:43] {Threei} no June schedule yet}
[08:43] {esemde} opps forgot to do that ....will get on that
[08:48] {hawkfan4} good morning Vad, Ese, all :)
[08:48] {Threei} hawk :)
[08:48] {esemde} hawk
[08:53] {Threei} got it ese, ty
[08:53] {esemde} welcome
[08:58] {fernp} good morning
[08:59] {Threei} fernp :)
[09:02] {esemde} QSFT any news
[09:02] {Threei} 05/08/08 04:01pm
[09:02] {Threei} [QSFT] Quest Software Inc Reports Q1 $0.21 v $0.19e; R $172.8 v $165.6Me
[09:02] {Threei} - Guides FY08 R $705-720M v $711.4Me.
[09:05] {esemde} tks
[09:05] {Onix} Good morning friend
[09:05] {Threei} onix :)
[09:05] {Onix} s
[09:06] {dino} gm all
[09:06] {Threei} dino :)
[09:06] {esemde} dino
[09:06] {_aosdaveg} morning
[09:06] {_aosdaveg} dang bus was late
[09:07] {esemde} where are ya}
[09:07] {Threei} lol
[09:07] {Threei} get a bike
[09:07] {_aosdaveg} lol
[09:10] {Onix} fair values quite high but futures low}
[09:13] {dino} means nothing after 20 minutes
[09:13] {_aosdaveg} i'm in downtown Chicago ese
[09:13] {esemde} i'll second that.....
[09:13] {Onix} basically only points to the market opening}
[09:14] {esemde} ahhhhhh.....nice to meet you ....heart of trading country
[09:14] {dino} y
[09:15] {GeoArb} gm
[09:15] {esemde} geo
[09:15] {Threei} Geo :)
[09:15] {Threei} what was it we shorted for nice gain at the end of the day yesterday
[09:16] {Threei} want to see if there is any continuation
[09:16] {GeoArb} hans}
[09:16] {Onix} HANS
[09:16] {Threei} yes HANS, ty
[09:16] {Threei} early alzheimer
[09:17] {Onix} that was a good call with very low risk
[09:17] {Threei} yeah, 10 cents stop, and fairly thick stock
[09:17] {Threei} yet dropped 30-40 cents quite easily
[09:18] {Onix} beautiful
[09:18] {Threei} just be patient and wait for good ones... don't let long periods of inactivity to get you in unneeded activity for trading sake
[09:19] {tomg} good morning all, hi ese, wasn't here earlier
[09:19] {Threei} tom :)
[09:19] {Onix} my typical mistake .. I'll try harder to wait .. patience
[09:19] {esemde} morning tom
[09:20] {Threei} you are not on regular job... there is no requirement to do something all the time
[09:20] {Threei} do something when there is something to do
[09:20] {Threei} otherwise go into coma and enjoy
[09:20] {Onix} a total change of outlook / mindset
[09:20] {Onix} lol
[09:21] {Threei} yeah, normal work ethics will get you into troubles in trading
[09:21] {Onix} looks like being idle is a big part of trading
[09:22] {Threei} depends on market activity
[09:22] {Threei} oil is testing 126
[09:22] {Onix} exuastion spike}
[09:22] {Threei} who knows
[09:23] {Threei} 200 target becomes so widely accepted that I wonder if we are near the top
[09:23] {Threei} but heck, to time it would be nearly impossible
[09:24] {Threei} mood getting close to times when QCOM traded at 700 and no one had any doubt 1000 was inevitable
[09:24] {Onix} commodity prices do get chased up / down by speculators /trades}
[09:25] {GeoArb} heh
[09:25] {Threei} why not... it's a trading vehicle
[09:25] {GeoArb} you didnt hear the fbi statement about russian mafia in NYMEX}
[09:25] {GeoArb} thy are diversifying
[09:25] {Threei} no
[09:27] {GeoArb} hard to tell if they are using it as an excuse though
[09:29] {GeoArb} http://www.reuters.com/article/domesticNews/idUSWAT00939120080424
[09:29] {GeoArb} attorney genereal statements :)
[09:30] {GeoArb} old news though
[09:32] {esemde} long NVDA.32
[09:32] {esemde} 1/2 lot
[09:32] {esemde} it's moving fast
[09:33] {dino} -300 dayin the making perhaps
[09:33] {esemde} tried to get in at .26....didn't work
[09:35] {esemde} Out NVDA .60
[09:35] {Threei} wtg
[09:35] {esemde} +.28
[09:36] {esemde} man that was quick
[09:38] {Roman} 21 watching FEED for bounce
[09:38] {Threei} any interestd in CTDC Roman}
[09:38] {Threei} pullwed back into 6
[09:39] {dino} clwr l sm .30
[09:39] {dino} geoy
[09:39] {Roman} 21 sure
[09:40] {Threei} ssri
[09:40] {Threei} never mind
[09:41] {Roman} 21 watching CSIQ & JASO
[09:41] {Roman} 21 looking good
[09:41] {esemde} nice move NVDA past .60
[09:42] {dino} iclr
[09:42] {dino} geoy sm l .20
[09:43] {dino} too soon
[09:43] {esemde} RNWK bstop .41
[09:43] {Roman} 21 CROX
[09:43] {dino} stopped -.40
[09:44] {Roman} 21 bidding some CROS 11.35
[09:44] {Roman} 21 CROX
[09:45] {Roman} 21 GLBL
[09:45] {esemde} pulling bstop RNWK....
[09:45] {Roman} 21 long 18.82
[09:48] {Roman} 21 out GLBL on spike +.25
[09:48] {Threei} nice
[09:48] {Threei} wierd spike
[09:48] {esemde} ya ...i'll say
[09:49] {Threei} news-caused probably
[09:49] {Roman} 21 out CROX -.05
[09:49] {Threei} RAYMOND JAMES RAISED GLBL TO OUTPERFORM FROM UNDERPERFORM
[09:49] {esemde} heading back up the spike though
[09:49] {Threei} exactly 9:48
[09:49] {dino} dwsn s .75
[09:53] {Threei} difficult call:
[09:53] {Threei} CTDC long on .40 break if stays above .20
[09:53] {Threei} won't be easy by any means, half lot
[09:55] {esemde} one of my favorite 1st 1/2 hour patterns QSFT....missed it though
[09:55] {esemde} should have been long at 15.01
[09:55] {esemde} shoulda...coulda woulda....ehhh
[09:56] {Threei} can say the same about BCSI
[09:56] {dino} vitl, thin
[09:56] {Threei} watched it at 25.50 and decided it was too high and too risky
[09:56] {dino} clwr stop to b/e
[09:56] {Roman} 21 watching CPST today
[09:57] {esemde} what are you looking for there Vad....
[09:57] {Threei} BCSI} not going into it
[09:57] {esemde} entry point that is}
[09:58] {Threei} too jumpy
[10:02] {Roman} 21 old player BDCO probably getting ready to play, maybe to day or next week
[10:02] {Roman} 21 so far very light volume
[10:02] {dino} icfi
[10:02] {esemde} how can you tell Roman} What are you looking for here
[10:03] {Roman} 21 daily, volume, and but mainly just a feel on this one
[10:03] {Threei} feel free to exit CTDC as see fit
[10:03] {tomg} out ctdc, ty vad
[10:03] {Threei} if anyone went for it that is
[10:03] {Threei} tom :)
[10:04] {GeoArb} thanks vad
[10:04] {Threei} that was really diffcult call for me
[10:04] {Threei} geo :)
[10:04] {Roman} 21 CLWT probably getting ready to play with CTDC if it continues, and if breaks 7
[10:04] {GeoArb} i entered on pullback
[10:04] {Threei} roman... CLWT}
[10:04] {Threei} wrong symbol}
[10:05] {Roman} 21 EURO TECH HLDGS....CLWT
[10:05] {Threei} or you mean if CTDC breaks 7}
[10:05] {Roman} 21 yes, that's what i meant, if CTDC breaks 7 , CLWT should get some more interest
[10:05] {Threei} ahha
[10:05] {Threei} me slow today
[10:05] {Threei} umm... me slow, period
[10:07] {dino} icfi l .65
[10:09] {Roman} 21 AKNS Akeena Solar and Sun Run announce their partnership to provide homeowners with Akeena's innovative Andalay solar power system and Sun Run's pioneering solar service. (5.48 +0.13)
[10:09] {magoo} morning...running around this a.m
[10:09] {Threei} hey mags
[10:09] {esemde} magoo
[10:09] {judijim} gm all
[10:10] {Threei} jj :)
[10:11] {dino} risky sm s vitl; .82
[10:14] {magoo} bizarro world..why RIMM up 2 + when mkt down}
[10:15] {Threei} because it's bazarro world}
[10:15] {Threei} a=i
[10:15] {Roman} 21 long SIRF
[10:15] {Roman} 21 full size
[10:15] {Chaeron} Hi all...
[10:15] {Roman} 21 7.18
[10:16] {Threei} chaeron :)
[10:16] {Roman} 21 stop, 7.05
[10:18] {dino} vitl stopped. taking break, sucking today
[10:18] {Roman} 21 SNDK looks like a slow riser,
[10:18] {dino} clwr stopped flat
[10:18] {Roman} 21 will take small SNDK 28.81, but all depends where NQ goes
[10:19] {Roman} 21 KNOT losing it
[10:21] {esemde} thinkin ebay 30.03 bstop.....lookin for opinions
[10:28] {Onix} will you play SIRF again here Roman}
[10:28] {esemde} waws looking for more shallow pullback with ebay
[10:28] {Onix} oh no, there it sinks
[10:29] {Roman} 21 hard to tell
[10:29] {Roman} 21 i am in
[10:31] {magoo} loss 133 RIMM short scalp
[10:32] {magoo} to .60 area RISKY
[10:32] {Threei} stop above .20 mags}
[10:32] {Threei} good one
[10:33] {magoo} perfect stop arewa .23
[10:33] {magoo} small size of course
[10:34] {Threei} hit 1:1, then NQ ramped up
[10:34] {Threei} it's Friday
[10:34] {Threei} typical one
[10:34] {magoo} mkt hurting it..spiked
[10:34] {magoo} yeah..fast .20 cents
[10:35] {magoo} lay out...get out
[10:39] {magoo} if IF naz falls..still like the call
[10:39] {magoo} man..naz looked toi be rolling
[10:39] {Threei} scalp type 1 for fans of this style: AMD .91 long
[10:40] {Threei} ugh... little late
[10:40] {GeoArb} in .92
[10:42] {Roman} 21 long FRPT
[10:43] {Roman} 21 out SNDK +.42
[10:43] {Roman} 21 FRPT 3.97, 1/2 size
[10:45] {GeoArb} stip}
[10:45] {GeoArb} stop}
[10:45] {Threei} .84
[10:45] {magoo} jeez..naz almost green
[10:46] {magoo} i thought it was end of days this morn
[10:46] {Threei} everyone did
[10:46] {Threei} so market did what it doesa best
[10:46] {Threei} :)
[10:46] {Roman} 21 SIGM long
[10:47] {Roman} 21 small
[10:47] {magoo} where}
[10:47] {Roman} 21 21.45 area
[10:47] {Threei} geo, you have 1:1 here
[10:47] {Threei} whether you take profit or not, stop is .89 now
[10:47] {magoo} ty
[10:48] {Threei} so decide to scalp or ride,
[10:48] {Threei} but risk is minimized to almost non-existent
[10:49] {magoo} does the risk of the many...out weigh the risk of the one}}vad}}
[10:49] {Threei} hmm}
[10:49] {GeoArb} scalp out
[10:49] {GeoArb} thanks vd
[10:50] {Threei} translate it for me please :)
[10:50] {Threei} welcome Geo
[10:50] {magoo} star trek..search for spock
[10:50] {Threei} ahhh
[10:50] {Threei} most of cultural references get lost on me, you know...
[10:51] {Chaeron} watch it and embrace capitalism.... wait, you already've done that...
[10:52] {Threei} embrace} I almost chocked it in my gentle bear hug
[10:52] {Chaeron} way better than most I might add
[10:53] {Chaeron} heard you were in the running for Greenspan's replacement :)
[10:53] {Threei} yeah, I chock things skillfully
[10:53] {Threei} yeesshhhh
[10:53] {Threei} Fed be abolished
[10:54] {Threei} if I take that position it would be only to announce full and immediate dismissal of whole institution
[10:54] {Chaeron} careful... it's an election year here... you might get appointed in new administration
[10:54] {Threei} oh good... you'll see a lot of "you are fired" in that case
[10:55] {Roman} 21 SNDK was pumped on CNBC
[10:56] {dino} ccoi s .50
[10:58] {magoo} romans back this week with vengance vad
[10:58] {Threei} no kidding
[10:58] {Threei} scorching hot
[10:59] {Roman} 21 blushing
[10:59] {Threei} I assume moving to dad status instills confidence and motivation :)
[11:00] {magoo} almost same RIMM sh setup just buck higher
[11:01] {magoo} if IF mkt rolls..loss 134 SCALP
[11:02] {Roman} 21 watching ASTI
[11:02] {magoo} aggress entry here
[11:02] {Roman} 21 short RIMM magoo}
[11:02] {magoo} yeah
[11:02] {magoo} small .21
[11:02] {magoo} to lose 134
[11:02] {magoo} mnneeds mkt
[11:03] {magoo} layout .7 area
[11:03] {magoo} .70
[11:03] {magoo} stop high
[11:04] {magoo} roll over naz
[11:04] {Roman} 21 out SIRF -.05
[11:06] {dino} icfi stopped -.10
[11:07] {magoo} no good..stopped
[11:08] {Roman} 21 TTMI
[11:08] {Roman} 21 long setup
[11:08] {Roman} 21 small
[11:09] {dino} ccoi stopped -.26
[11:10] {Roman} 21 12.51
[11:10] {Roman} 21 stop 12.34
[11:12] {magoo} dam..stop was ,58..it went .64 and worked
[11:13] {Roman} 21 CEGE looks interesting for long
[11:23] {GeoArb} .
[11:28] {Roman} 21 solars again
[11:42] {dino} spec
[11:46] {Threei} watching VRSN
[11:47] {Threei} if NASDAQ reverses, .21 long
[11:47] {Threei} support is 38 for now, would like to see it consolidating closer to break level for a tighter stop
[11:56] {Roman} 21 stopped TTMI -18
[11:58] {judijim} be back soon
[12:07] {GeoArb} off to work..... have a great weekend all
[12:10] {_aosdaveg} you too
[12:12] {Threei} take care Geo
[12:17] {dino} ofix
[12:18] {dino} l .69 sm
[12:23] {Threei} oops
[12:24] {Threei} hit the desk with my chin... Friday boredom takes its toll
[12:24] {Threei} half day behind, I had just two calls
[12:25] {Threei} if not for Roman, you would all have been in a coma already
[12:25] {Threei} or I guess you are
[12:26] {Threei} VRSN is invalidated, not worth the risk
[12:30] {Threei} here is one for next week consideration guys
[12:31] {Threei} have a look at VLNC daily
[12:31] {Threei} volume is negligible today, so I wouldn't touch it here
[12:31] {Threei} but retreat to 3.50 area is entry for a swing trade
[12:32] {Threei} we played it swing earlier, on a run from 3 if you remember
[12:32] {Threei} back in Feb and March
[12:41] {Threei} RIMM 132 break long if stays above .80
[12:43] {magoo} 132 or 133
[12:44] {Threei} got a wild guess}
[12:44] {magoo} 132
[12:44] {Threei} wrong... guess again}
[12:44] {_aosdaveg} 133
[12:44] {magoo} invalid
[12:45] {Threei} award goes to dave
[12:45] {Threei} invalidated anyway, lol
[12:45] {_aosdaveg} lol
[12:45] {Chaeron} dave is teacher's pet
[12:45] {magoo} i was so so close..damnmit
[12:45] {Threei} so chaeron... you don't know what to do about that}
[12:45] {Threei} rofl mags
[12:45] * Chaeron slaps _aosdaveg around a bit with a large trout
[12:45] {_aosdaveg} hi ch
[12:46] {Chaeron} :)
[12:46] {_aosdaveg} :)
[12:46] {Threei} see... slapping people is the only way to get greeted
[12:46] {Threei} and we are told to be nice
[12:47] * Chaeron slaps Threei around a bit with a large trout
[12:47] * Chaeron is being nice not to let you feel left out
[12:47] {Threei} oh Hi Chaeron
[12:47] {Threei} didn't see you there
[12:48] {Threei} frikkin VLNC getting away
[12:49] * _aosdaveg slaps jfjf around a bit with an aggitated barracuda
[12:50] {Threei} that's a new one
[12:50] {_aosdaveg} i think he fell asleep
[12:51] {Threei} who wouldn't
[12:51] {_aosdaveg} you know how those old folks get
[12:51] {Threei} Fridays are often boring but this one stands out
[12:51] {_aosdaveg} always dozing off
[12:51] {Threei} do I...
[12:51] {_aosdaveg} lol
[12:52] {_aosdaveg} June Crude 125.02 +1.33
[12:52] {Threei} I hate you
[12:53] {dino} ofix stopped
[12:53] {dino} out icfi +.49
[12:53] {_jfjf} sure dave pull out the barracuda
[12:53] {_aosdaveg} lol
[12:54] {Threei} as long as no one employs great white shark...
[12:54] {Threei} that would be unconventional weapon
[13:03] * Threei slaps Laserdave1 around a bit with a large trout
[13:03] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:06] {Threei} scanner is not even crawling... just stalled
[13:07] * magoo slaps Threei around a bit with a large trout
[13:07] {Threei} among my scanner windows there is one especially active... usually I have hard time clicking on alert, so fast it's scrolling
[13:07] {Threei} right now it gives about 1 alert per minute
[13:09] {magoo} i have 2 windows comnpletely dead....down post market and up post market..not onealert in either all day
[13:09] {Threei} lol
[13:24] {Threei} SOLF long .15
[13:24] {Threei} stop under 14
[13:27] {Threei} keep an eye on JASO, if it fizzles out disregard SOLF
[13:32] {Threei} no trigger and most likely won't be
[13:39] {magoo} vad RIMM long possibly}
[13:40] {Threei} coin toss mags
[13:40] {Threei} short from about here is just as likely to work
[13:50] {Threei} CELL 10 break long, just a scalp
[13:50] {Threei} stop under 9.90
[14:03] {dino} ofix l .00, clwr l .30
[14:07] {Threei} VRSN all of sudden decided to work
[14:09] {dino} too bad magoo wouldn't
[14:09] {Threei} lol
[14:10] {magoo} that does it............................................
[14:10] * magoo slaps Threei around a bit with a large trout
[14:10] * magoo slaps dino around a bit with a large trout
[14:10] {Threei} hey
[14:10] * magoo slaps Chaeron around a bit with a large trout
[14:11] * Chaeron slaps magoo around a bit with a large trout
[14:11] {Threei} what did I do
[14:11] * Chaeron slaps magoo around a bit with a large trout
[14:11] * Chaeron slaps magoo around a bit with a large trout
[14:11] * magoo slaps Chaeron around a bit with a large trout
[14:11] * magoo slaps Chaeron around a bit with a large trout
[14:11] {Threei} great... pillow fight
[14:12] * Threei slaps magoo and chaeron around a bit with pillow wrapped in 1/4" steel sheet (now now kids)
[14:13] {_aosdaveg} ok, who turned out the lights
[14:13] {Threei} as always... who asked
[14:14] {dino} brb stops in ofix .78, clwr .14
[14:15] {Chaeron} Sorry Threei, I always try to be more like Raven
[14:15] {Threei} and you expect us to believe that}
[14:16] {Threei} come on CELL, break and give us our scalp
[14:22] * Raven slaps Chaeron around a bit with a large trout
[14:22] {dino} ofix stoppped
[14:23] {Chaeron} thank you sir
[14:23] {Raven} 3 yw :)
[14:28] {_aosdaveg} Raven!
[14:29] * magoo slaps Roman around a bit with a large trout
[14:32] {Threei} wow... that's probably the most boring day in months
[14:33] {Raven} 3 DaveG !!!!!!!!!!!!!!!!
[14:33] {_aosdaveg} :)
[14:33] {Raven} 3 I'm so bored it takes 5 minutes to respond
[14:33] {_aosdaveg} pretty bored here too, Auto Trade is real slow
[14:37] {_aosdaveg} csiq
[14:40] {Threei} CSIQ and JASO are the only stron solars
[14:40] {magoo} fslr strong
[14:40] {Threei} sector doesn't move in unison today as it used to
[14:58] {judijim} take care all, be back Monday AM, have great week-end:)
[14:58] {Threei} take care jj, hacve a good one
[14:58] {Threei} CSIQ non-stop
[15:19] {Threei} I wonder. CELL is consolidating and gathering energy for a break or it just fell asleep not realizing it's right under resistance}
[15:20] {_aosdaveg} csiq energizer bunny
[15:23] {dino} v sm l cme .50
[15:28] {Roman} 21 long ASTI swing
[15:28] {Roman} 21 small
[15:31] {Threei} did I say disregard SOLF?
[15:32] {Threei} look it its spike after triggering
[15:34] {magoo} ok..ty all
[15:34] {hawkfan4} unreal move, i passed on it at .15
[15:35] {magoo} i got to hop
[15:35] {Threei} take care nags
[15:35] {Threei} mags
[15:36] {Threei} can't blame you hawk, looked completely dead
[15:36] {dino} out cme 463.60, +3.10
[15:39] {dino} oyog
[15:39] {dino} c'mon guys i know i suck today, but the cme was nice
[15:39] {Threei} sure was
[15:39] {Threei} but to overcome today's coma you need to post +15 play
[15:40] {dino} now you tell me
[15:40] {dino} cwei
[15:40] {dino} 3 bucks
[15:47] {fernp} see you on monday. have a happy weekend all of you.
[15:49] {Threei} you too fernp
[15:50] {dino} take care fernp
[15:50] {Threei} VLNC showed much more strength than I expected
[15:56] {Onix} Good weekend to all of ya ... enjoy Mother's Day
[15:56] {Threei} OK guys, calling it a week
[15:56] {Threei} fairly nice one
[15:56] {Threei} have a great weekend
[15:56] {hawkfan4} thx vad, have a good weekend all
[15:56] {Threei} see you all on Monday
[15:59] {dino} take care all. fridays hurting me. 3 fridays in a row down
[16:00] {dino} my notes from last summer said, get up and take friday afternoons off, so i think i need to go to that mode
[16:01] {dino} in any case, take care
[16:02] {_lisa_jay} Thanks guys.

May 08 2008

Session Time: Thu May 08 00:00:00 2008

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 365K V 370KE
[08:30] {Threei} CONTINUING CLAIMS: 3.02M V 3.019ME
- Prior Initial Jobless Claims revised from 380K to 353K
[08:30] {Threei} - Prior Continuing Claims revised from 3.019M to 3.03M
[08:31] {_aosdaveg} morning
[08:31] {Threei} hey dave
[08:38] {Threei} 05/07/08 04:05pm
[08:38] {Threei} [CROX] Crocs, Inc. Reports Q1 $0.09 v $0.10e, R $198.5M v $197Me
[08:38] {Threei} -Guides Q2 EPS $0.45-0.50 v $0.43e
[08:38] {Threei} -Guides FY09 EPS $1.70-1.80 v $1.82e; Ses rev's +15-20% y/y
[08:41] {magoo} morn
[08:42] {Threei} hi mags
[08:42] {_aosdaveg} morning mags
[08:43] {magoo} :)
[08:44] {magoo} HANS pummelled last nite
[08:46] {Onix} Good morning to all
[08:46] {Threei} onix :)
[08:46] {_aosdaveg} morning Onix
[08:46] {Onix} hi Vad, Dave
[08:46] {Threei} notr sure why CROX is so happy
[08:47] {Threei} earning don't looks that earth-shuttering
[08:49] {Threei} [ENER] Energy Conversion Devices Inc Reports Q3 $0.17 v -$0.06e (unclear if comparible); R $70M v $66.7Me
[08:49] {Threei} - Guides Q4 Rev $73-78M v $66.7Me
[08:49] {Threei} - Guides FY08 Rev $246-251M v $243.4Me
[08:53] {magoo} BRL vad
[08:53] {Threei} [BRL] Barr Pharmaceuticals Inc Reports Q1 $0.57 v $0.78e; R $608.0M v $684.1Me
[08:53] {Threei} - Guides FY08 EPS $2.75-3.05 v $3.27e, R $2.7-2.8B v $2.78Be
[08:53] {Threei} - Q1 generic product sales $469M v $471M y/y
[08:58] {magoo} 6ty
[09:04] {Onix} ENER up 43.6% !!!! ???
[09:06] {fernp} gm all
[09:06] {Threei} fernp :)
[09:06] {Onix} hi femp
[09:09] {fernp} every day I find stranger to say "good morinig" at 3:00 pm
[09:10] {Threei} lol
[09:10] {Onix} Vad, is this trading room open during August?
[09:10] {Threei} why wouldn't it?
[09:10] {Onix} I will be on holiday then and can relax with some full-time trading
[09:11] {Onix} maybe you taking holiday?
[09:11] {Threei} "relax with trading"... good thinking :)
[09:11] {Onix} i'm trying to get into the right frame of mind
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:11] {Onix} hi dino
[09:12] {dino} :)
[09:12] {Threei} even if I jump out of the pool for a few days or a week... you guys are quite capable of supporting each other and finding trades
[09:14] {dino} femp, 3:00 pm? where are you located?
[09:14] {Onix} yes, I have seen the people come up with some excellent picks
[09:15] {fernp} in Spain
[09:16] {dino} cool
[09:16] {Onix} so you have to "work" night shift hey?
[09:18] {pita} gm all
[09:18] {Threei} pita :)
[09:18] {Onix} hi pita
[09:21] {fernp} yes, Onix. and my wife doesn't understand why don't work from 9 to 17 ... as neighbours
[09:21] {esemde} morning
[09:22] {Onix} hi esemde
[09:22] {esemde} onix
[09:23] {Threei} ese :)
[09:23] {Onix} so you are done working by 11 am?
[09:24] {pita} onix
[09:25] {Onix} sorry, got my am and pm all mixed up
[09:26] {pita} is ENER overdone?
[09:27] {Threei} keeping aya on CROX to see if that turns in one of those cases where big gapper attracts shorters, consolidates and stages stunning rally
[09:27] {fernp} I don't trade full-time.Onix, just from 15:30 o 18:00 (9:30 to 12:00 EST)
[09:28] {Threei} let's let it trade a bit pita... ENER is very dangerous thing, volatility is enormous on it
[09:28] {Threei} if something more or less safe shapes up on it, we will try it
[09:28] {Threei} it calls for smaller shares
[09:29] {pita} ty
[09:30] {Roman} 21 watching CTDC
[09:31] {Threei} ONNN
[09:31] {Threei} .76 long
[09:31] {Threei} if stays above .60
[09:33] {Threei} NTAP 26 long if stays above 25.80
[09:35] {Roman} 21 CPSL radar
[09:36] {Threei} ONNN
[09:36] {Threei} UPDATE: PRICE TARGET RAISED TO $12 FROM $9 AT WEDBUSH; MAINTAINS BUY RATING- pre-open
[09:36] {Threei} half out NTAP
[09:36] {Threei} stop to .95
[09:37] {Threei} scalpers know what to do
[09:37] {Roman} 21 in CPSL 4.02
[09:37] {Roman} 21 1/2
[09:37] {Threei} 1.4 more out NTAP
[09:37] {Threei} +.38
[09:42] {Threei} ALGERIAN'S OIL MINISTER KHELIL SAYS $200 OIL IS PSSIBLE ON CONTNUED USD DEPRECIATION
[09:42] {Threei} sigh
[09:44] {Roman} 21 loCSIQ
[09:45] {Roman} 21 CSIQ
[09:46] {Threei} done with NTAP last portion
[09:46] {Threei} +.19, +.38, -.05
[09:48] {hawkfan4} nice one Vad, thx, took +.36
[09:48] {Threei} :)
[09:48] {esemde} bstop ENER 1/2 lot long 44.01
[09:48] {magoo} vad, RIMM news?
[09:48] {Roman} 21 bidding JADE here, small only 4k volue so far
[09:49] {Threei} 08:52am [RIMM] Hearing receives cautious comments at TD Newcrest
[09:49] {Threei} bs
[09:49] {Roman} 21 long CSIQ
[09:49] {magoo} no data for symbol BS
[09:49] {Roman} 21 very small, jumpy in 29.52 area
[09:49] {Threei} GEORGIAN PRESIDENT WARNS OF POTENTIAL THREAT OF WAR WITH RUSSIA
[09:50] {esemde} out ENER .44 +.42
[09:50] {Threei} beautiful scalper's footwork ese
[09:50] {esemde} that one was quick
[09:50] {esemde} and it's still goin
[09:50] {Threei} ENER usually is
[09:51] {Threei} oh good... cold war is back on
[09:51] {Threei} RUSSIA EXPELS TWO MILITARY ATTACHES FROM US EMBASSY IN MOSCOW
[09:51] {Threei} 45 is jumping board for ENER
[09:51] {dino} sm spwr l .75
[09:51] {Roman} 21 long CCU
[09:52] {Roman} 21 small
[09:52] {magoo} me too csiq and ccu
[09:52] {Threei} ALGERIAN OIL MIN KHELIL: PETROLEUM STOCKPILES PROBABLY HIGHEST IN 5 YEARS
[09:53] {Roman} 21 CCU is on CNBC story
[09:53] {esemde} now thats good news
[09:53] {magoo} in .52 rfr
[09:53] {esemde} Oil supplies what a scam
[09:54] {esemde} long SNDK .46
[09:54] {esemde} 1/2 lots
[09:54] {esemde} that would be one 1/2 lots
[09:55] {Roman} 21 trying PTEN long 1/2
[09:55] {Threei} what's with EMKR
[09:55] {Roman} 21 30.76
[09:55] {Threei} risky, .60 long
[09:55] {Threei} with stop under .40
[09:55] {Threei} half lot I'd say
[09:55] {Roman} 21 out CCU flat
[09:56] {Roman} 21 CSUN high
[09:56] {Threei} best case scenario would be if EMKR consolidates for a few minutes holding .50 support
[09:56] {Threei} so we could tighten stop to .49
[09:57] {magoo} out ccu + .03
[09:57] {esemde} SNDK stop .27
[09:57] {magoo} anyone reading FSLR?
[09:57] {dino} out spwr .80, +.05 no likey
[09:59] {GeoArb} gm
[09:59] {esemde} following it mags but not doing anything with it
[09:59] {Threei} geo :)
[10:00] {esemde} FSLR would be a swing buy for me if I did anything
[10:00] {Threei} MARCH WHOLESALE INVENTORIES: -0.1% V 0.5%E
[10:02] {Roman} 21 out CSIQ
[10:02] {Roman} 21 +.22
[10:06] {Threei} readjusting ONNN setup: trigger is still .76 buit invalidating level is .64 now
[10:07] {fernp} out VRTX +.30
[10:07] {esemde} hmmmmmm....SNDK stopped -.20
[10:08] {Roman} 21 going long CTDC on 5.50 break full size
[10:08] {Threei} all 150K shares?
[10:08] {Roman} 21 all i got
[10:08] {Roman} 21 :)
[10:09] {Roman} 21 in JADE
[10:09] {Roman} 21 PTEN trying again for high
[10:10] {Roman} 21 in CTDC full
[10:10] {esemde} Hero long .99 1/2
[10:11] {esemde} stop .73
[10:14] {Roman} 21 offering 1/2 CTDC
[10:14] {Threei} 75K?
[10:15] {Threei} good one Roman... pulling your leg
[10:15] {Roman} 21 out 1/2 +.27
[10:15] {Threei} sheesh ENER
[10:16] {Roman} 21 NQ weak
[10:16] {dino} dwsn .53 l sm
[10:17] {Onix} esemde, I think our HERO died
[10:18] {Threei} heroes tend to do that in markets
[10:18] {GeoArb} sheesh
[10:18] {Onix} they never fail to disappoint you hey?
[10:19] {Threei} hey... I never promised good sense of humor in this room
[10:19] {Threei} in fact, I warned of just opposite
[10:19] {GeoArb} (going thru fineprint)
[10:19] {Threei} yup, it's right there
[10:20] {Onix} too much stress
[10:20] {pita} any read NTAP?
[10:20] {Threei} not really
[10:21] {Threei} morning trade on it was reliable read
[10:21] {Threei} here it's 50/50
[10:21] {pita} k
[10:22] {Threei} 8.4.2.a) Our sense of humor is seriously flawed; It never developed beyond early teen level. Proceed at your own risk
[10:22] {Threei} there Geo
[10:22] {Onix} lol
[10:23] {Roman} 21 out some more CTDC +.46
[10:23] {Threei} beautiful trade Roman
[10:23] {judijim} gm all
[10:24] {Threei} jj :)
[10:26] {esemde} out HERO .27 +.28
[10:27] {Roman} 21 FEED
[10:27] {Roman} 21 possibly short
[10:28] {Roman} 21 very thin
[10:29] {Onix} good one esemde, I only got +.21 on my 500 shares
[10:29] {dino} out dwsn .93 +.50
[10:29] {dino} .40 i mean
[10:30] {Threei} you guys
[10:30] {Roman} 21 long PLLL 22.76 area small
[10:30] {Threei} newer trader, just starting his way in the market makes .21 on half lot
[10:31] {Threei} and that's qualified as "only"
[10:32] {Threei} I need to readjust my expectations I guess
[10:32] {esemde} just looked at DWSN...nice one dino
[10:32] {dino} ugh dwsn chickened out, could/wouldda had $1+
[10:33] {Threei} any trade that doesn't make me instant zillionare will be marked as "merely", "pitiful" or lousy" from now on
[10:33] {GeoArb} i am merely goodlooking
[10:33] {Threei} and I can't say even that... :(
[10:33] {GeoArb} lol
[10:33] {Threei} just how pitiful is it
[10:34] {Roman} 21 CSIQ going now
[10:34] {Roman} 21 missed
[10:39] {Chaeron} GM all
[10:39] {Threei} chaeron :)
[10:42] {Onix} NTAP C&H?
[10:43] {Threei} it is
[10:43] {Threei} I just doubt it will play out
[10:44] {Threei} but as for chart pattern recognition, A+ Onix
[10:44] {Onix} ty
[10:44] {Onix} lol
[10:46] {dino} fstr l .49
[10:46] {fernp} Threei, do you play C&H not formed in the high of the day?
[10:47] {Threei} I like those at the high more, they have more explosive potential
[10:47] {Threei} but I am interested in "interim" ones too
[10:47] {Threei} it's a pretty powerful setup
[10:48] {Threei} in this particular case, it's NTAP's personality that concerns me
[10:48] {Threei} this one is treacherous somewhat as far as follow-through is concerned,
[10:48] {Threei} I rarely get more than one play out of it,
[10:48] {Threei} it tends to show something readabl;e in the morning,
[10:49] {Threei} then just turn into mess
[10:49] {Threei} so Iam hesitatnt to go top this well more than once
[10:49] {fernp} I see. thank you.
[10:51] {Onix} you know the character of all these stocks!?
[10:51] {Threei} lord no
[10:51] {Onix} or is it more of a general rule, Vad?
[10:51] {dino} kalu
[10:52] {Threei} no Onix, many of them do have their own pwersonalities
[10:52] {magoo} c'mon market..power up
[10:55] {Onix} Vad, I suppose it is quite possible to learn the type of movements one may expectmany
[10:55] {Onix} of a large number of stocks?
[10:56] {Threei} those personalities of which I mention is simply those that I havce experience with
[10:56] {Threei} I do this for almost 12 years
[10:57] {dino} risky sm l kalu .98
[10:57] {Threei} there are clues to how stock tends to trade in its chart and level2
[10:57] {Onix} your experience certainly shows, thanks
[10:57] {Threei} you'll find some of those in MPP
[10:58] {Onix} MPP?
[10:58] {Threei} particularly risk evaluation wise
[10:58] {Threei} Master Profit Plan
[10:58] {Onix} ok
[10:58] {Onix} gotta work through that one again
[10:59] {Threei} well... both MPP and TTR have one interesting in common
[10:59] {Threei} people tend to re-read it as their experience grows and find a lot of things they haven't noticed before
[10:59] {Threei} I get quite a few comments on that
[10:59] {Onix} quite true
[11:00] {Onix} first time much of it not all that comprehendable
[11:00] {Roman} 21 CSTR
[11:01] {Onix} I gotta run to my day-job now, will watch some more from there, bye
[11:01] {Threei} notice that if you tried NTAP break with stop under .90 as chart suggests, you would have been stopped by now
[11:05] {Roman} 21 in XIDE , hard to read but will sit in . in 14.06 area stop 13.76
[11:06] {Threei} dptl dcc please
[11:06] {Threei} ese dcc please
[11:06] {Threei} {--- on dcc rampage
[11:07] * Chaeron hides
[11:07] {Roman} 21 watching SIGM on 21.70 break
[11:07] {magoo} magoo hides w/chaetr
[11:08] {Threei} can I hide with you? I'll bring beer
[11:08] {Chaeron} done!
[11:08] {magoo} and vodka?
[11:08] {dino} then indeed you can
[11:08] {Threei} something tells me, one could do worse in fun department than go in hiding with magoo and chaeron
[11:08] {Threei} and beer
[11:10] {dino} kalu stop tyo .65
[11:11] {dino} out major slip ave .52, +.54
[11:13] {Onix} ty for that good advice on NTAP Vad, i see what you mesn
[11:14] {Threei} interesting thing about this one:
[11:14] {Onix} mean i mean
[11:14] {Threei} its morning setup that we played was on its own merit
[11:14] {Threei} even went against the market
[11:14] {Threei} now it just goes up and down with market
[11:15] {Onix} and that is interesting?
[11:15] {Threei} don't know why, but that morning stamina in face of NQ drop was one of the best clues to a play
[11:15] {Threei} yes it is
[11:15] {Threei} such divergence is an opportunity
[11:15] {dino} vad is easily amused onix:)
[11:15] {Threei} true
[11:15] {Threei} shiny things... loud sounds
[11:16] {Threei} glossy magazines
[11:16] {Onix} small things amuses ...
[11:16] {Threei} OPEC SEC GENERAL: SEES NO SHORTAGE OF OIL IN MARKET
[11:17] {Threei} except one they create artificially?
[11:17] {Threei} ONNN hit 1:1
[11:20] {Threei} RSOL new IPO in solar sector
[11:23] {hawkfan4} got it .60, thx vad
[11:23] {dino} kalu l .05 sm
[11:25] {Threei} scalped hawk?
[11:25] {hawkfan4} 1/2 out .85, keeping rest see if it goes
[11:28] {Threei} if takes .95, should slice through 9
[11:30] {esemde} take care...pressing business...see ya tomorow
[11:30] {Threei} take care ese
[11:30] {esemde} see ya vad
[11:30] {Chaeron} good luck ese
[11:33] {dino} fstr stopped -.30
[11:33] {Threei} OPEC OIL DAILY SHIPMENTS TO RISE 0.9% IN MONTH ENDED MAY 24 TO 24.57M BPD - OIL MOVEMENTS- OPEC middle east shipments will increase 0.3% to 17.64M bpd
[11:34] {dino} oout kalu .60, .52
[11:41] {Chaeron} nice dino
[11:43] {dino} kalu l .05
[11:43] {pita} later all
[11:43] {Threei} take care pita
[11:45] {magoo} any RIMM read vad?
[11:45] {Threei} nope
[11:46] {Threei} equally likely to bounce or break down
[11:49] {Threei} hawk, you still holding RSOL or exited on spike over 9?
[11:50] {hawkfan4} exited, actually got out 9
[11:50] {Threei} OK
[11:54] {Threei} take a look at IBM daily
[11:54] {Threei} does it look to you like one of major companies in a recession period?
[11:55] {GeoArb} we also have to realize IBM are the ultimate outsources
[11:55] {GeoArb} they dont make money in america
[11:55] {GeoArb} more mutinational than national
[11:55] {Threei} sorry, you lost me
[11:55] {Threei} they may oursource all they want
[11:55] {Threei} as everyone esle does
[11:56] {GeoArb} its where their revenues come from
[11:56] {Threei} but without American market, I truly doubt they have a real shot at going to new highs
[11:56] {GeoArb} ok
[11:56] {Chaeron} technically speaking, looks higher still
[11:58] {Threei} technically speaking... once 125 is broken, what is there to limit its upside?
[11:59] {Threei} it tends to move in 5 dollar ranges
[11:59] {Threei} so, again technically speaking, I'd say we can expect 125-130 as a new range for it
[12:00] {Threei} just amazes me howstrong it is in face of all doom and gloom in economy
[12:00] {Chaeron} source of doom and gloom?
[12:00] {Threei} ummm... economy itself? :)
[12:01] {dino} kalu stop to .48
[12:01] {Chaeron} I was thinking strong Canadian $ :))
[12:01] {Threei} that causes doom and gloom on canadian side
[12:01] {Chaeron} "blame Canada"
[12:02] {Threei} but considering whole canadian population is less than one of California... I doubt you, south of 49th parallel, care much :)
[12:03] {dino} think in terms of bicycles being replaced all over asia but cars
[12:04] {dino} by
[12:05] {dino} kalu to .74
[12:05] {dino} to .90
[12:07] {dino} out kalu .95, +.90
[12:08] {Threei} nice
[12:08] {dino} ty, it's been good to me today 3/3
[12:46] {Threei} amazing how boring things went as morning excitment worn down
[12:54] -} [peterg] PING
[13:02] {fernp} Now I understand from where traders take the time to write books...
[13:03] {Threei} nah
[13:03] {Threei} doesn't work like that
[13:03] {Threei} books are being written on weekends and evenings
[13:04] {Threei} well... at least thosew written by traders... which is not always the case, lol
[13:05] {fernp} just kidding
[13:05] {Threei} unfortunately I am not... a lot of trading books are created by people who can't trade 25 cents for a phone call
[13:06] {fernp} I know that's true
[13:06] {magoo} wake up.power up comith imo
[13:13] {dino} kalu l .30 sm
[13:15] {Threei} not sure mags... very swampy so far
[13:15] {Threei} no direction
[13:15] {Threei} this downdraft doesn't convince me either
[13:16] {Threei} in fact, one of the most prolific authors who also gives a lot of seminars, and I'll omit the name, wrote in a foreward of his first book
[13:16] {GeoArb} tell us three i
[13:16] {Threei} that he never traded, and just wanted to sum experience of many other traders he interviewed
[13:16] {GeoArb} just say you like him
[13:16] {GeoArb} schwager
[13:16] {Threei} book was published in heyday of market
[13:17] {Threei} nope, not shwagger :)
[13:17] {GeoArb} no no holdon
[13:17] {GeoArb} van tharp/elder
[13:17] {Threei} so it caught up and sold a lot of copies
[13:17] {Threei} so, naturally, trying to ride success, he continued with several others
[13:18] {Threei} and became one of leading authorities in industry
[13:18] {Threei} all without EVER trading himself
[13:18] {judijim} unfortunately, perception passes for reality
[13:19] {Threei} well... whole market works on just that, lol
[13:20] {GeoArb} hint hint'
[13:21] {judijim} the script never changes, in sales of any type, the consumer must know less about the product than the person selling it.
[13:21] {GeoArb} all ya gotta do is stay one piano lesson ahaead?
[13:22] {judijim} people buy hope
[13:24] {Chaeron} even in politics
[13:25] {dino} kalu stopped -.40
[13:27] {dino} rinsed
[13:28] {Chaeron} IBM 125
[13:29] {Threei} don't like it for immediate break
[13:29] {Threei} too vertical from 124.80
[13:32] {_aosdaveg} ener
[13:32] {dino} calm l .05
[13:35] {Threei} I won't be amazed to see ENER at 50
[13:35] {_aosdaveg} yup, pretty strong
[13:45] {Threei} IBM looks better now for a break
[13:45] {Threei} .85 support
[13:59] {magoo} er, um...we did power up...........but there was a nasty fall first lol
[14:00] {Threei} yup
[14:00] {magoo} so.really was a sh#t call on my part
[14:01] {Threei} so, let's share credits: to you for forecasting a rally, and to me for not trusting in drop
[14:01] {GeoArb} ibm spike
[14:03] {GeoArb} went up i got half out and then went down and stropped me
[14:05] {GeoArb} hey vad.... you showing up for june trader expo?
[14:05] {dino} calm stopped -.22
[14:10] {Threei} CTDC new push
[14:10] {Threei} no geo
[14:11] {GeoArb} was anyone else in IBM?
[14:12] {fernp} me. half profit, half stop 124.84
[14:13] {GeoArb} yeah ezzatly same here
[14:14] {GeoArb} wierd spike
[14:18] {Roman} 21 out remaining CTDC +1.2
[14:19] * Threei slaps Roman around a bit with a large trout
[14:19] {Threei} indecent profits deserve a slap
[14:20] {dino} gj
[14:20] {Roman} 21 thank you, i was watching this one for a long time
[14:20] {Threei} now, let's ask Roman... does he prefer dino's treatment or mine
[14:21] {Threei} hmm... I am afraid I know the answer
[14:23] {Threei} YHOO
[14:23] {Threei} TICKING HIGHER AFTER CNBC TEASES UPCOMING FABER SEGMENT SAYING 'ITS NOT OVER BETWEEN STEVE [BALMER] AND JERRY [YANG]'
[14:23] {Threei} US SENATORS ASK CFTC TO POLICE WORLD ENERGY FUTURES MARKETS, ALLEGE UNREGULATED INTERNATIONAL EXCHANGES DRIVE PRICES
[14:25] {Threei} what, Steve told Jerry to take a hike?
[14:28] {Threei} btw, Roman just told me if I continue slapping him for profitable trades, he is going to dcc them to dino
[14:29] {Threei} good word wins
[14:29] {Threei} maybe I need to consider stopping slapping people altogether
[14:30] {dino} lol
[14:31] {Threei} look how much restrain I show...
[14:31] {Threei} not slapping anyone for whole 2 minutes
[14:32] * magoo slaps Threei around a bit with a large trout
[14:32] {Threei} that's what I get for an honest attempt to become kind and gentle
[14:47] {Roman} 21 bounce for CROX?
[14:48] {Threei} looked at several times earlier... not sure, it fizzled out completely
[14:52] {Threei} HANS .95 short, stop 30.06
[14:55] {Threei} .75 break long CTDC if holding above .65
[15:01] {judijim} have a great day all,be back tomorrow
[15:01] {Threei} take care jj
[15:20] {GeoArb} .
[15:20] {magoo} dave, dcc
[15:20] {dino} mtrx s .25, stop .43
[15:24] {magoo} DAVE DCC
[15:30] {Chaeron} ctdc?
[15:30] {Chaeron} oh wait... invalidated... sorry
[15:30] {Threei} hard to tell CTDC... bounce off .50 was another idea but market was too iffy at the time
[15:30] {dino} mtrx stopped -.10
[15:31] {Threei} may pick up momo again or die, no way to tell really
[15:31] {dino} thing was jumpy
[15:34] {Threei} feel free to cover HANS as you see fit
[15:34] {Threei} over 1:1
[15:36] {Threei} if partialling out, stop to 30.01 for the balance
[15:42] {Threei} over 1:2
[15:42] {Threei} out +.30
[15:44] {dino} amsc doesn't quit
[15:45] {Threei} too soon, HANS
[15:45] {Threei} you all ignored it?
[15:46] {Onix} No not too soon thanks Vad
[15:46] {Onix} Got +.40 on first 400 shares + +.27 on remaining 300
[15:46] {Threei} welcome
[15:46] {Threei} very nice
[15:50] {_aosdaveg} ener
[15:52] {Threei} 50
[15:53] {dino} ok, gotta hop, thx all
[15:53] {Threei} take care dino
[15:56] {Threei} thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:57] {Chaeron} wow... and you thought you covered too soon on HANS, huh?
[15:58] {Onix} thanks ever so much, see you all tomorrow
[16:01] {fernp} thank you. see you tomorrow.

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