RealityTrader Trading Log

Monday, May 21, 2007

Realitytrader TradeLog - May 21, 2007

Session Start: Mon May 21 00:00:00 2007

Session Time: Mon May 21 00:00:00 2007

[05:24] {DaveG} morning
[05:27] {craigaudio} morning dave, everyone
[05:48] {DaveG} oh gawd, they want to interview all 20 finalists
[05:48] {patience} so cool dave :)
[05:48] {DaveG} i'll pass
[05:49] {patience} :( you mean i won't see you on tv?
[05:49] {DaveG} ummmm
[05:49] {magoo} morn TR
[05:49] {patience} morning magoo :)
[05:50] {DaveG} hey mags
[05:50] {magoo} hi dave, wow, interview? too cool
[05:50] {DaveG} im hiding
[05:52] {craigaudio} disguise yourself then and wear a fake nose and funny glasses
[05:53] {DaveG} i already do
[05:53] {DaveG} ;-)
[05:53] {craigaudio} lol. go as yourself then. nobody will recognise you
[05:54] {cosmo} Dave...see if you can team up with Cramer, maybe?
[05:55] {DaveG} uhhh sure
[05:56] {cosmo} he could be the next Imus
[05:56] * Threei turns CNBC on, stops paying attention to the market and refuses to take his eyes off the TV until he sees dave
[05:57] {DaveG} i already sent them a picture of me
[05:57] {DaveG} that will have to do
[05:57] {cosmo} your e-bay picture?
[05:57] {DaveG} if i win, well, thats another matter, but till then, i aint doin nuttin
[05:58] {craigaudio} yes. you should charge for TV appearances Dave.
[05:58] * Threei turns VCR on, prepares to tape dave's appearance dubbed with narration "hey, I used to slap this guy with a trout!"
[05:58] {cosmo} i'll pay a peso
[05:58] {DaveG} lol
[05:59] {Threei} DNDN
[06:00] {magoo} OY
[06:00] {cosmo} dndn pre mkt high = 6.69
[06:03] {craigaudio} BP gap up on upgrade but making low highs premarket
[06:04] {craigaudio} 68.70 is premarket support
[06:05] {cosmo} XFML
[06:05] {craigaudio} AMGN from the other day bounced at 52. now gapping up today
[06:06] {dptl} good morning all
[06:06] {Threei} dp :)
[06:06] {cosmo} Xinua CEO says firm complied with regs
[06:06] {cosmo} at MarketWatch (Mon 9:01am)
[06:06] {cosmo} fwiw
[06:07] {dptl} happy Victoria day ,Vad
[06:07] {Threei} ty
[06:07] {esemde} morning gentlemen..
[06:07] {Threei} esemde :)
[06:09] {esemde} whats Dave being interviewed for?
[06:09] {craigaudio} hey does this mean that dave is now a celebrity moderator in the room?
[06:10] {gabby} good morning RT's
[06:10] {craigaudio} you could add it to the site Vad as marketing. Example of a success story plus a link to the TV interview
[06:10] {Threei} gaby :)
[06:11] {DaveG} i'm the celeb trout receiver
[06:11] {Threei} questionable idea craig, as Dave is likely to say "I achieved that DESPITE..." :)
[06:12] {DaveG} i would never do that
[06:12] {cosmo} hmmm
[06:12] {craigaudio} plus the fake nose, beard and glasses might put people off
[06:13] {Threei} oh, that's the reason... I really should stop using those...
[06:13] {dino} gm all
[06:13] {Threei} dino :)
[06:14] {craigaudio} aapl small gap up. could be continuation?
[06:14] {craigaudio} after running peoples stops the other day
[06:15] {Threei} could... buit until you see a setup with clear trigger and affordable risk, it remains a guess
[06:15] {craigaudio} yes
[06:16] {magoo} look at potp...12
[06:16] {dino} is today monday?
[06:16] {Threei} good question
[06:16] {esemde} VCLK quoting at 31,4 on 420k shs up $1.40 ...news?
[06:17] {Roman} ValueClick tgt upped to $43 at ThinkEquity (30.00 ) : ThinkEquity raises their VCLK tgt to $43 from $37 as they believe multiple suitors now await to acquire ValueClick, the last digital advertising asset with substantial scale and footprint, at a meaningful premium.
[06:17] {craigaudio} VCLK +5.5% (target raised to $43 at ThinkEquity),
[06:17] {Roman} The firm believes the risk/reward is exceedingly attractive at current levels given that their $43 price target reflects 22x EV/2007E EBITDA (versus recent M&A comps at 22x-37x EV/2007E EBITDA); rests in the middle of our take-out range of $32-$52, which includes EBITDA sensitivity to potential outcomes from the FTC inquiry into VCLK's lead generation business; and that their worst-case scenario is $32.
[06:17] {cosmo} VCLK pre mkt high = 31.95 fwiw
[06:18] {esemde} hmmmmmmm..........
[06:18] {cosmo} its teasing
[06:18] {_ted123} hi
[06:18] {magoo} NCTY news?
[06:19] {magoo} up 5 bux
[06:19] {craigaudio} NCTY +11.5% (announces equity investment and licensing agreement by Electronic Arts)
[06:19] {craigaudio} NCTY and WSTL are confirmed to report after the close...
[06:20] {craigaudio} NCTY exclusive publishing rights for EA SPORTS F.I.F.A Online in mainland China. Upon completion of the equity investment, ERTS will own approx 15% of the common shares of NCTY. The investment is roughly $167 mln.
[06:21] {Threei} hi ted
[06:21] {craigaudio} AT pop
[06:22] {craigaudio} buyout @71.50
[06:22] {craigaudio} lots of big orders started coming in at 70.20 onwards
[06:23] {magoo} thanx
[06:26] {craigaudio} HOLX and CYTC merger
[06:27] {craigaudio} checkout HOLX premarket
[06:27] {cosmo} dndn
[06:29] {Threei} keep an eye on PETM, small shares long at 34.20 is break on daily
[06:32] {dino} luna
[06:32] {Threei} Long Setup: ACGY .56 small shares, if stays above .40
[06:32] {Roman} OMTR breakout
[06:34] {Threei} TSYS interesting off 5
[06:34] {magoo} small = half lot vad?
[06:34] {esemde} in vclk .78 500shs stop ..52
[06:34] {Threei} a bit less than that magoo
[06:34] {magoo} ok, 498?
[06:34] {Threei} if half lot is 500, I'd take 300 on those
[06:34] {Threei} lol
[06:34] {dino} lol
[06:34] {cosmo} vclk
[06:35] {cosmo} late
[06:35] {magoo} u may be pregnant lol?
[06:35] {Threei} Long Setup: TSYS 5 melting is trigger, if stays above 4.90
[06:35] {esemde} out vclk .15
[06:36] {esemde} just a little over 1:1
[06:36] {Threei} nice one esemde
[06:36] {Threei} quick and clean, easy money
[06:36] {esemde} tks...
[06:38] {Threei} ACGY stop .44
[06:39] {dino} chip spikey
[06:39] {magoo} DNDN sell
[06:40] {Threei} TSYS some sizeable buys
[06:40] {Threei} no meltup on L2 yet
[06:41] {craigaudio} AT pivot
[06:42] {Threei} TSYS triggered
[06:42] {magoo} in 5
[06:42] {magoo} tsys
[06:42] {Threei} come on 5, give up
[06:43] {magoo} too early to bring out the boots vad
[06:43] * Threei pokes ASRCA seller with sharp stick
[06:45] {magoo} VCLK nutsaroolla
[06:46] {esemde} nice move for VCLK
[06:46] {dino} \vclk taunting me
[06:46] {craigaudio} wow
[06:47] {esemde} looks like volume ending VCLK move
[06:50] {esemde} i'm still monitoring NTRI ....... it's number one on the short squeeze list
[06:50] {esemde} try this article: 8. Top 10 Potential Short Squeezes by James Altucher, published May 16 at 1:37 p.m. EDT
[06:51] {esemde} you find it on The Street.com
[06:52] {craigaudio} AMGN gap fill
[06:52] {Threei} SINA lost its mind
[06:52] {Threei} SOHU tries to follow
[06:53] {esemde} yo....sky rocket for SINA
[06:53] {gabby} out ACGY 1:1 tks 3i
[06:54] {Threei} :)
[06:55] {magoo} gab, if u took 300 sh...u onluyy made 30 bux and still must subtract commish?
[06:55] {esemde} 5 yr high for SINA is 49.50 ...looks like it wants at it
[06:55] {gabby} $6 comm its a profit
[06:56] {magoo} just wanted to know if i was looking at that exit properly
[06:56] {Roman} i am in ASIA
[06:56] {magoo} better than a stop
[06:56] {magoo} vacationing roman??
[06:56] {Threei} lol
[06:56] {Roman} nice :)
[06:57] {craigaudio} amgn bounce off gap fill?
[06:58] {dino} risky, s luna .69
[06:59] {dino} ttm l .01
[06:59] {craigaudio} FRPT attacking daily break
[07:00] {Threei} AAPL, pullback to 110.7 is a buy
[07:00] {Threei} small shares
[07:00] {craigaudio} 110.70?
[07:00] {Roman} CTCH
[07:00] {esemde} how many is small shares Vad?
[07:01] {craigaudio} i missed fill at 110 earlier on aapl which was a bummer
[07:01] {Threei} depends on one's risk tolerance... if your full lot is 1000, small shares would be about 300
[07:01] {magoo} 498
[07:02] {esemde} tks....just catching up on the terminology
[07:03] {craigaudio} whats the aapl stop?
[07:03] {Threei} where did you enter?
[07:03] {dino} l rvbd .54
[07:03] {craigaudio} waiting at .70 for pb
[07:04] {Roman} ISON Isonics announces it expects to report rev for its semiconductor products and services segment of approx $3.7 mln for the qt, up 94% YoY (1.42 +0.15)
[07:04] {esemde} when do they report roman
[07:05] {Threei} cancel that order craig
[07:05] {Roman} Co announces it expects to report unaudited rev for its semiconductor products and services segment of approx $3.7 mln for the qtr ended April 30, 2007, a 94% increase as compared to $1,906,000 for the same quarter in the year-earlier period. As a result of the increased revenue and improved operating efficiencies, the co expects to report its fourth consecutive quarter of positive EBITDA for its semiconductor segment.
[07:05] {craigaudio} ran too far from the original b/o?
[07:06] {Threei} yes, situation is changing, you don't stay with original plan
[07:06] {Threei} leave yourself with option to re-evaluate if it pulls back
[07:06] {dino} luna spiked, stopped -.30
[07:07] {craigaudio} thnks
[07:07] {Threei} ACGY stop to .49
[07:07] {craigaudio} sepr reversal
[07:07] {magoo} not familiar w/ACGY vad...potential??
[07:07] {Threei} come on TSYS, just how stubborn can you be
[07:07] {craigaudio} GROW
[07:08] {Threei} with such little risk I'd like to try and ride it closer to 23 magoo
[07:08] {magoo} ok...me too
[07:10] {magoo} and u threeI he he
[07:11] {Threei} EPIQ
[07:11] {Threei} half lot long on .50 break
[07:11] {craigaudio} PETM
[07:11] {Threei} stip undert .40
[07:11] {Threei} stop
[07:11] {craigaudio} BP bounce?
[07:11] {dino} l mnst .00
[07:12] {Threei} any setup there you see craig?
[07:12] {Threei} petm
[07:12] {craigaudio} on PETM? you mentioned break of daily
[07:12] {Threei} no
[07:12] {Threei} BP
[07:13] {craigaudio} yes
[07:13] {Threei} PETM is .20 long if holding above 34, half lot
[07:13] {dino} out mnst .47,
[07:13] {dino} +.47
[07:13] {Threei} wtg
[07:14] {dino} ty
[07:14] {Roman} JADE long watch
[07:14] {Roman} small shares
[07:14] {Roman} ISON new high
[07:17] {Threei} ABTL?
[07:17] {Roman} ICOC long
[07:17] {Roman} 7.94
[07:19] {Roman} 1/2 size
[07:19] {Threei} no go EPIQ
[07:20] {Threei} TSYS stop to .94
[07:20] {craigaudio} :-(
[07:20] {Threei} thing got frozen
[07:21] {Roman} ELN took 19, premarket high of 19.64
[07:22] {craigaudio} DRYS
[07:22] {magoo} BRCM vad, u following it?
[07:23] {magoo} NVDA bouncing
[07:23] {Roman} NEXM 1.90 break can produce a small scalp
[07:23] {dino} de s .24, hl, endp s .45
[07:23] {Threei} not really magoo, it follows NQ tick by tick today and NQ is not really forming anything readable so far
[07:23] {magoo} gotcha
[07:27] {dino} rvbd stop to .49
[07:27] {dino} endp bstop is hod
[07:28] {Threei} SMSI trying for little C&H
[07:28] {Threei} 15.50 break long if holding above .35
[07:31] {dino} endp stopped -.20
[07:33] {Threei} stop/invlaidating level for SMSI is .39
[07:38] {dino} de stopped -.22
[07:42] {dino} rvbd stopped
[07:43] {Threei} SMSI stop to .44
[07:44] {dino} mer l .52
[07:45] {Threei} AMZN
[07:46] {Threei} 65.50 break long
[07:46] {Threei} stop under .25
[07:49] {Threei} .41 would be aggressive entry
[07:51] {dino} dave cnbc pics
[07:51] {DaveG} nope
[07:51] {dino} hmm, must have been leader only
[07:52] {dino} make sure you tell them dino taught you everything you know, :)\
[07:52] {DaveG} will do
[07:52] {craigaudio} YM and NQ broke out above opening ranges
[07:53] {Threei} AMZN 1:1 from aggressive entry
[07:54] {craigaudio} took half agressive, half at .50 break.
[07:54] {craigaudio} out half now
[07:54] {Threei} not a bad way to manage it
[07:54] {magoo} i waiting .91
[07:56] {Threei} 1:1 from regular entry
[07:57] {magoo} out .74, changed mind, in @ .41
[07:57] {magoo} nice ALERT VAD
[07:58] * Threei wakes up... did I alert something??
[07:58] {magoo} AMZN
[07:58] {dino} magoo is the sledgehammer
[07:59] {Threei} SMSI 1:1
[07:59] {Threei} stop to .49
[08:00] {Roman} AGEN major pop
[08:01] {Roman} OMTR
[08:01] {magoo} major pop = major drop
[08:02] {Threei} news?
[08:02] {Roman} AGEN Antigenics: Oncophage Cancer Vaccine "Significantly" Prolongs Recurrence-Free Survival by 45 Percent in Patients With Intermediate-Risk Kidney Cancer (2.93 +0.39)
[08:03] {dino} agen
[08:05] {craigaudio} finally TSYS might want to play
[08:06] {dino} l .21
[08:06] {Threei} I pretend I don't notice craig, this thing reminds me watched pot
[08:08] {Threei} 1:1
[08:08] {dino} why are you watching pot
[08:08] {magoo} out SMSI .70, ty vad
[08:08] {Threei} :)
[08:10] {Threei} AMZN 1: I can't count that far
[08:12] {esemde} everbody have a great....off to the links...Victoria Day and all
[08:12] {Threei} take care esemde :)
[08:12] {craigaudio} bye
[08:12] {dino} lucky dog ese
[08:13] {esemde} were gonna have to get out sometime dino
[08:14] {DaveG} what's Victoria Day?
[08:14] {Threei} that's our canadian thing
[08:14] {DaveG} like....go team go?
[08:14] {DaveG} poms poms and all
[08:14] {Threei} ever heard of Queen Victoria?
[08:15] {DaveG} yeah
[08:15] {Threei} there you go
[08:15] {DaveG} k
[08:15] {magoo} howe much for gallon gas in canada where u at vad?
[08:16] {Threei} we count in litres
[08:16] {Threei} more expensive than in USA afaik
[08:16] {magoo} sugh
[08:16] {DaveG} hey, do you drive on the wrong side of the road up there?
[08:16] {Threei} 1.26 cdn/l where I am
[08:16] {magoo} 3.10 gallon here
[08:17] {Threei} police says I often do dave
[08:17] {DaveG} lol
[08:17] {DaveG} i paid 3.49 for reg yesterday
[08:17] {Threei} although as far as I am concerned, it's not me
[08:17] {DaveG} :)
[08:22] {dino} out agen, +.03
[08:23] {magoo} out ACGY no blood
[08:23] {magoo} can't take it
[08:24] {Threei} yeah
[08:24] {magoo} see, i don't have hard stops so i gotta stare at that allday
[08:24] {magoo} killing me
[08:24] {Threei} OK, I calculated... about 4.50/gallon would be equivalent
[08:25] {DaveG} wow
[08:25] {Threei} I don't know magoo... IMO, hard stops would be killing you much bigger and more frequently
[08:26] {DaveG} hard stops suck
[08:26] {DaveG} imo
[08:26] {Roman} long NASI small
[08:26] {Roman} slow
[08:27] {dino} i disagree
[08:27] {magoo} i just saying i can not take watching it drip, was in what?...2 hours or so...done with it...my personality problem oi guess
[08:27] {DaveG} if your watching, i should add, if your not at your computer, obviously, stops are essential
[08:27] {craigaudio} hard stops are better than a pee pot at my desk
[08:27] {craigaudio} IMHO
[08:28] {DaveG} yes, of course, i ment, if your watching
[08:29] {dino} lol
[08:29] {dino} you're killing craig
[08:29] {dino} ffhl
[08:30] {craigaudio} trading is bead enough, but it was the stains on the floor that was the final straw for the missus.
[08:30] {DaveG} lol
[08:32] {dino} yeah, they don't appreciate that
[08:33] {magoo} and diaper bill gets way out of control
[08:33] {craigaudio} lol
[08:33] {magoo} they're not cheap..tyhe adult size
[08:33] {dino} jrcc a bit crazy
[08:34] {magoo} plus, i needed dino to help with clean up lol
[08:34] {DaveG} lol
[08:34] {dino} yuck
[08:34] {craigaudio} yuck
[08:35] {magoo} try to picture that and u will puke lol
[08:35] {cosmo} hmm...elder care it seems
[08:35] {cosmo} dndn
[08:36] {dino} he may be my elder, but doesn't mean i care
[08:36] {Threei} lol
[08:36] * magoo slaps Threei around a bit with a large trout
[08:36] {Threei} oops
[08:36] {Threei} what did I do
[08:37] {magoo} just warming up on u
[08:37] {Threei} oh
[08:37] * magoo slaps DaveG around a bit with a large trout
[08:37] {Threei} sheesh DNDN
[08:38] {Threei} news?
[08:38] {Roman} CNBC
[08:38] {Roman} pop
[08:38] {dino} gsol s .15\
[08:39] {Roman} DNDN popping on CNBC story
[08:40] {Threei} so tempted to short it
[08:41] {magoo} me too
[08:41] {craigaudio} ACGY fighting back
[08:42] {magoo} ggggggggggggrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[08:43] {craigaudio} can we get a pee pot for magoo please
[08:48] {magoo} AMZN...SIGH vad
[08:49] {magoo} i banked $200...could have $2000m
[08:49] {craigaudio} we gave away over a dollar on amzn. scalpers regret?
[08:50] {craigaudio} we are a bunch of knuckle heads on amzn. look at the daily. was a perfect breakout!!!
[08:50] {magoo} what do u think?
[08:51] {craigaudio} i even though it was going to happen on friday and got burned on a false breakout. drat need to use the old memory banks more
[08:53] {Threei} are you trading real time or in hindsight?
[08:54] {craigaudio} lol. im cursing myself really. i really liked the daily on friday for breakout and got burned. i just didnt check the daily again today when you called it.
[08:55] {magoo} my excuse vad...i'm just greedy he he
[08:55] {Threei} come on guys, what kind of approach is that
[08:55] {Threei} you can trade what you can read
[08:55] {craigaudio} PETM
[08:56] {Threei} stop .09 PETM
[08:58] {dino} vad, send them to the corner
[08:58] {dino} give their names the color pink
[08:59] {Threei} lol
[08:59] {craigaudio} ill have the dunces hat please
[08:59] * magoo slaps craigaudio around a bit with a large trout
[08:59] {craigaudio} ouch!
[08:59] * magoo slaps craigaudio around a bit with a large trout
[09:00] {craigaudio} eee!
[09:00] * magoo slaps craigaudio around a bit with a large trout
[09:00] {craigaudio} ouff!
[09:00] {magoo} thats for getting me in trouble with vad he he
[09:00] * magoo slaps dino around a bit with a large trout
[09:01] {magoo} and thats for UUUUUUUUUUUUUUU
[09:02] {dino} hmmm
[09:03] {Threei} AMAT .16 long. .09 stop
[09:05] {dino} cat l .00
[09:08] {dino} nyux rockin'
[09:08] {dino} nyx
[09:08] {craigaudio} ugly tails on charts.
[09:09] {Roman} long ATHR
[09:09] {Roman} 29.10 area, 1/2 size, stop 28.75
[09:09] {dino} the only tails i look at are walking down the street
[09:09] {Roman} potential over $30
[09:10] {craigaudio} you smooth dog dino
[09:11] {Threei} stop to .13 AMAT
[09:11] {craigaudio} looks good for 1:1
[09:16] {Threei} ACGY worked after all
[09:17] * magoo slaps dino around a bit with a large trout
[09:17] * magoo slaps dino around a bit with a large trout
[09:19] {magoo} boy...i'm really dishing them out today...and i'm having a good day too
[09:21] {craigaudio} out acgy
[09:22] {craigaudio} time to move stop on PETM vad?
[09:22] {Threei} .14
[09:22] {Threei} 1:1 AMAT
[09:23] {craigaudio} out half amat
[09:24] {Threei} stop to .14 as well
[09:26] {craigaudio} petm acting like a dog
[09:30] {lklarson} out acgy 1:1 thx vad
[09:31] {Threei} welcome
[09:33] {magoo} roman, were u stopped out of ATHR?
[09:33] {Roman} nope
[09:34] {magoo} looking better here
[09:34] {Roman} RVBD high
[09:37] {craigaudio} the YM daily looks so overextended
[09:38] {Threei} GLBL 23.99 short if stays under 24.05
[09:38] {Threei} just a scalp most likely
[09:38] {dino} l tm .65
[09:43] {craigaudio} stopped petm.
[09:45] {magoo} loss .80 amznshort scalp
[09:54] {Threei} CPHD .51 long
[09:54] {Threei} .39 stop, for hardcore scalpers .44
[10:00] {dino} out cat .10, +.10
[10:00] {Threei} AGEN... maybe not done
[10:04] {magoo} loss 68 amzn sh scalp
[10:07] {Threei} come on CPHD
[10:07] {magoo} jumper vad?
[10:07] {Threei} sometimes
[10:07] {Threei} not all the time
[10:07] {magoo} 68.12 stop AMZN
[10:12] {magoo} die AMZN DDDDDIIIIIIIIIIIIIIIIIIIIIIIIIIIIIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
[10:14] {dino} gsol stopped -.13
[10:14] {Chaeron} magoo... step away from the 64oz Redbull Big Gulp....
[10:14] {magoo} roflol
[10:14] {Chaeron} :)
[10:18] {magoo} out
[10:18] * DaveG sacrafices 3 chickens
[10:18] {craigaudio} BIDU was a nice chart today. gapped up over breakout and ran
[10:18] {Threei} not enough Dave... gotta give your firstborn and finest cheeses
[10:19] {DaveG} :)
[10:21] {magoo} amzn now..rinsed magoo
[10:23] {cosmo} cheeses?
[10:23] {cosmo} dairy?
[10:27] * DaveG sacrifices two more
[10:28] {Threei} VCLK won't stop ever?
[10:29] {dino} 36.430 it will
[10:39] {dino} amzn hl s .58
[10:40] {Threei} quick selling under .50, I'd start looking for bounce scalp VCLK
[10:49] {Threei} the closer to 34 the better
[10:49] {Threei} small shares, volatility is tough to handle on this one
[10:50] {dptl} acxm?
[10:50] {dino} thrx hl s .55
[10:51] {Threei} 28 break is nice on daily but intraday is extended... don't know
[10:52] {Threei} if no more lows, .65 is long VCLK with stop under .40
[10:53] {Threei} DRCO?
[10:54] {dino} drco
[10:54] {dino} 5 billion
[10:55] {dino} part of
[10:56] {Threei} sheesh
[11:01] {dino} amzn stopped, sheesh
[11:04] {Threei} VCLK held by fingertips
[11:05] {craigaudio} yes. whippy ride
[11:06] {Roman} PACT PacificNet guides Q1 revs of about $9 mln (3.91 -0.03)
[11:06] {craigaudio} NVDA popped today
[11:12] {Threei} no worky VCLK
[11:13] {craigaudio} nope
[11:13] {craigaudio} what the market giveth it take away
[11:23] {Roman} JRJC china play, very thin
[11:24] {dino} asvi
[11:31] {magoo} guys, i calling it a day, made goal (barely lol) and tired
[11:31] {Threei} take care magoo, good job
[11:32] {Threei} barely or not
[11:32] {magoo} i'll be in tomorrow, thanx for help
[11:47] {Threei} AGEN generates serious volume
[11:47] {dptl} cphd...ones again
[11:48] {Threei} watching if it's capable taking highs
[11:53] {Roman} AMSC on CNBC
[11:55] {Threei} if bounces closer to 18 and can't break it, short candidate
[11:55] {dptl} novn
[11:56] {Threei} short .90 half lot, 18.01 stop
[11:56] {craigaudio} CPHD still candidate long Vad?
[11:56] {Threei} .51
[11:56] {Threei} yes
[11:58] {dino} omtr s .70
[11:59] {craigaudio} stop for CPHD? .43?
[11:59] {Threei} or .39
[11:59] {Threei} both are valid
[12:01] {Threei} AGEN
[12:05] {Threei} AMSC 1:1
[12:05] {Threei} 1:2, me out
[12:06] {craigaudio} YM selling off
[12:06] {Threei} anyone went for AMSC?
[12:07] {craigaudio} me
[12:07] {Threei} still in?
[12:07] {craigaudio} but i also did an implus trade on AGEN and suffering now
[12:07] {craigaudio} im still half in amsc
[12:07] {Threei} what price are you in AGEN?
[12:07] {craigaudio} .65
[12:08] {craigaudio} almost the top
[12:08] {craigaudio} have stop at .40
[12:08] {Threei} keep stop under .50
[12:08] {Roman} DSTI DayStar Technologies enters into commitment letter with existing investor for bridge financing (4.43 -0.16)
[12:09] {Threei} between what and what?
[12:09] {Roman} Co announces that it has entered into a commitment letter with an existing investor to provide up to $4.0 mln of bridge financing to the co.
[12:09] {dino} omtr bstop to .30
[12:10] {dino} to .21
[12:10] {craigaudio} agen stopped
[12:10] {Threei} ok, now that you are out, let's look at it
[12:11] {Threei} couple times it tried .50, formed resisatance there
[12:11] {Threei} break of .50 would be a valid trade either for a scalp or for half out near day high
[12:11] {Threei} which was .62 at the time.
[12:11] {dino} cov .20, +.50
[12:12] {Threei} That high however was hit and broken on a spike
[12:12] {Threei} and our approach is not to buy spikes
[12:12] {dptl} dade
[12:12] {Threei} breakout is a good setup when the break level is reached by slow climb, not by sharp spike
[12:12] {craigaudio} covering some more AMSC here
[12:12] {craigaudio} yes vad
[12:13] {Threei} when you sold short AMSC you were smart money
[12:14] {craigaudio} when i brought the high is was stupid and chasing
[12:14] {Threei} shorting into price/volume spike, CNBC coverage failed to prop it over the high
[12:14] {craigaudio} out full lot amsc. thnks vad
[12:14] {Threei} very tight stop, minimal risk
[12:14] {Threei} welcome
[12:14] {Threei} ideal situation for taking position, everythinbg was on your side
[12:15] {Threei} with AGEN you played on the crowd team
[12:15] {Threei} smart mopney doesn't buy spikes, it sells into them
[12:15] {craigaudio} yes. i know this but implementing it is more difficult
[12:15] {Threei} and, first who tells me what mopney is doesn't get trouted
[12:16] {Threei} no, it's not
[12:16] {Threei} it's as easy or as difficult as you make it
[12:16] {Threei} it's all you
[12:16] {Threei} your finger pushes that button, your brain gives the order
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[12:18] {craigaudio} yes
[12:19] {Threei} simply don't do it, and you will find it very easy
[12:19] {craigaudio} trying my best
[12:20] {Threei} don't overcomplicate it for yourself
[12:20] {Threei} look at ZOPLL
[12:20] {Threei} ZOLL
[12:20] {Threei} see the spike?
[12:21] {craigaudio} y
[12:21] {Threei} now look at me
[12:21] {Threei} not buying it
[12:21] {Threei} see, very easy
[12:22] {Threei} if this seems funny and lighthearted to you, it is
[12:22] {Threei} work out the same attitude
[12:22] {Threei} and it will become easy
[12:22] {craigaudio} heres hoping
[12:23] {Threei} now try not to buy STRL
[12:23] {craigaudio} not buying
[12:23] {Threei} look at it, register the spike and don't buy it
[12:23] {Threei} easy? :)
[12:24] {craigaudio} easyier after ive just lost some money
[12:24] {Threei} you won't next time
[12:25] {Threei} you bought certain knowledge with that money
[12:25] {Threei} now, if you repeat it, it will be equal to paying twice for the same goods
[12:25] {Threei} you don't return to the store to pay second time for the TV you already bought
[12:26] {craigaudio} lol yes your right
[12:26] {Threei} see the spike next time, remember that you already paid for thgis piece of knowledge
[12:26] {Threei} and don't pay for it again
[12:27] {dino} risky, s vclk .19
[12:27] {Threei} after you have bought all the mistakes there is, you have no other choice but make money
[12:30] {craigaudio} thnks vad. gonna take back those 3 TVs i bought for the price of two on special offer
[12:30] {craigaudio} :-)
[12:30] {dino} cov vclk .84, +.25
[12:30] {Threei} there is truth in all these jokes...
[12:31] {craigaudio} nice short dino
[12:31] {Threei} the truth is, one of the hardest things in learning process is to realize that the hadrest thing is to stop making the same mistakes over and over
[12:33] {dino} ty lucky
[12:34] {craigaudio} yes. well i think ive given myself enough punishment today
[12:34] {craigaudio} im gonna head off
[12:36] {dino} take care craig, you'll get it
[12:36] {dino} if it were easy, everybody would do it
[12:36] {craigaudio} bye guys. thanks for encouragement
[12:36] {dino} thrx bstop to .51
[12:37] {dino} make it .31
[12:39] {Roman} IDMI pop
[12:39] {dino} cov thrx .31, +.24
[12:43] {dino} mnst l .50
[12:45] {Threei} getting disconnected...
[12:46] {DaveG} i hate that feeling
[12:47] {Threei} lol
[12:47] {DaveG} :)
[12:47] {Threei} thank you all
[12:47] {DaveG} nono thank you
[12:47] {Threei} have a good evening,see you tomorrow
[12:47] {lklarson} take care vad
[12:47] {DaveG} take care
[12:55] {dino} cutting tm -.30
[12:59] {dptl} have a good evening all
[13:00] {dino} out mnst .75, +.25. thats it, thx all, tough morning ok afternoon