RealityTrader Trading Log

Friday, May 4, 2007

Realitytrader TradeLog - May 4, 2007

Session Start: Fri May 04 00:00:00 2007
Session Time: Fri May 04 00:00:00 2007

[05:20] DaveG morning
[05:23] gabby morning DaveG
[05:23] _samblack Hi all
[05:25] gabby hi samb\
[05:44] magoo morning RT
[05:46] gabby gd morn magoo
[06:00] cosmo what town you in now, Dave?
[06:00] Threei Good morning RT
[06:01] Threei dave arrived cosmo...
[06:01] DaveG i'm home, my new home, Barrington, IL
[06:01] magoo back
[06:01] cosmo for the day..right?
[06:01] Threei OK, it's Friday, right?
[06:02] * Threei slaps DaveG around a bit with a large trout
[06:02] cosmo already?
[06:02] * Threei slaps magoo around a bit with a large trout
[06:02] * Threei slaps cosmo around a bit with a large trout
[06:02] cosmo salmon please
[06:02] Threei hope you all are dressed casually
[06:02] DaveG im in jeans
[06:03] Threei good... expensive suit can be PITA to rid of fish ssmell
[06:03] DaveG lol
[06:03] magoo hey vad, i can not get statistics anymore, can you? as in stats....volume..gainers
[06:03] Threei will check after open magoo
[06:04] Threei sometimes it required right click on the window and click OK, so it restarted
[06:09] magoo also vad, the new download disables auto quote server...ythats what we want so i downloaded it, u may want too
[06:10] Threei well... I donwloaded yesterday beta of new version of intelliscan
[06:11] Threei which pretty much depletes my quota of downloads for a month
[06:11] Threei I will have to wait for downloading inspiration to return
[06:13] magoo DNDN
[06:13] magoo was only 15 monday
[06:13] magoo gap up everyday
[06:13] magoo LEND afterhrs had real interest, up to 12.80 area
[06:14] dino gm all
[06:14] Threei dino :)
[06:15] magoo yhoo going for 34 here
[06:18] dptl good morning everyone
[06:18] Threei dp :)
[06:19] dieter good morning all
[06:19] dptl can;t beleive it's friday allready........it was just monday seems like yesterday.......i think a am just getting older and older....lol
[06:20] cosmo it accelerates, dp
[06:21] lklarson morning all
[06:23] dptl let's see what's cooking
[06:24] dino it's friday?
[06:24] dptl yhoo........oo boy
[06:25] lklarson microsoft looking to make an offer for yhoo
[06:25] Threei dieter, lkl :)
[06:27] dino ibkr ipo today i think
[06:27] DaveG yes
[06:28] Threei dp, you are not the worst case... I actually said "have a good weekend" when, on Tuesday?
[06:29] Roman Gapping down on weak earnings/guidance: TCHC -42.5%, CRAY -16.5% (also downgraded to Mkt Perform at Northland Securities), BBND -12.8%, HTRN -12.2%, JSDA -9.6% (also upgraded to Accumulate at ThinkEquity), HPOL -8.9%, ANR -7.0%, SWIM -6.5%, SHLD -5.1%, SIMG -5.0%, EK -4.9%, NXG -4.8%, QLGC -4.7% (also downgraded to Mkt Perform at FBR), BGFV -4.1%, EDS -3.7%, THI -3.1%...
[06:29] dptl lol
[06:29] Roman Gapping up on strong earnings/guidance: CROX +19.1% (reports also 2-for-1 stock split), ONT +16.1%, ZOLT +10.1%, BLKB +9.9% (also upgraded to Hold at Citigroup), PCLN +8.5%, INAP +8.2% (also upgraded to Outperform at CIBC), MOBE +7.5%, FSLR +6.9% (up in sympathy TSL +3.9% & SOLF +3.1%), ALY +5.6%...
[06:30] dino i vaguely remember that vad
[06:30] Roman Other news: NFI +11.5% (discloses commitment for a $1.9 bln comprehensive financing facility), OSUR +6.7% (initiated with a Buy at Lazard), THOR +6.3% (receives FDA approval of continued access protocol for bridge ARM of its HeartMate II pivotal trial), XFN +6.2% (follow-through momentum after yesterday's breakout; also profiled in Briefing Trader), PTR +5.4% (PetroChina up on oil find - FT), MDII +5.3% (momentum), DNDN +4.7% (momentum), LEND +4.4% (
[06:34] Threei good selloff DNDN... watch for 19 to hold and provide support for bounce
[06:37] dino scs s .22
[06:38] Threei Long Setup: OVTI 14.80, stop 14.64
[06:40] Threei don't jump on DNDN on number alone
[06:40] Threei watch for strength
[06:40] dino blkb s .08
[06:42] Threei OVTI is at the interesting point... our 1:1 is near 15, and this is important resistance on daily
[06:42] DaveG dndn
[06:42] Threei it can turn the stock, or if it breaks, jump can be very impressive
[06:42] dino blkb stopped -.31
[06:43] dino rinse
[06:43] Threei if it gets there, make your choice between taking scalp and selling half
[06:43] Threei stop to .69
[06:44] Threei 1:1
[06:45] Threei half out for me
[06:45] lklarson out 1:1 tkx vad
[06:45] Threei welcome
[06:46] Threei 1/4 more out
[06:46] Threei out in full
[06:46] Threei 14.99, 15.20 and 15.30
[06:47] lklarson very nice:)
[06:47] Threei can I go home?
[06:47] lklarson no
[06:47] gabby actually managed to partial great tks 3i
[06:47] Threei wtg gabby
[06:47] gabby pay room subs for month
[06:48] Threei trading is funny thing eh?
[06:48] gabby sbuks was long in first treade and didnt short after
[06:48] gabby trade
[06:48] Threei distribution of what you earn can be so incredibly uneven vs any other activity
[06:48] gabby lol
[06:48] magoo or lose vad
[06:49] Threei what does that word mean?
[06:49] Threei anyone went for DNDN?
[06:49] DaveG not i
[06:49] Threei 19 was ideal turning point
[06:51] Threei don't you love these significant resistance levels... what a move they provide when borken
[06:51] DaveG missed rocm
[06:51] DaveG bastid
[06:53] magoo CROX sell here vad
[06:53] magoo as in bouncer?
[06:53] Threei OVTI worth second try if holding above 15, .11 trigger
[06:54] Threei wow... no read on CROX sorry
[06:54] magoo amzn?
[06:55] Threei maybe later in the day... nor clear here
[06:55] Threei IMCL
[06:55] Threei half lot .50 long
[06:56] Threei .30 stop
[06:56] Threei 1:1 in a hurry
[06:57] DaveG sheesh
[06:57] Threei 1:2
[06:57] magoo out .91 THANX vad
[06:57] magoo shit
[06:57] Threei ummm... 1:3 :)
[06:57] Threei welcome :)
[06:57] Threei 1:4?? :)
[06:58] Threei OK, my math abilities don't go that far
[06:58] magoo man..that exit scked
[06:58] Threei 1: I have no ide how much
[06:58] Threei don't regret magoo, IMCL is one dangerous sucker
[06:59] Threei you got easy 40 cents in seconds
[06:59] magoo we got that .40 cent [pop..i lay out .91, thought it was good.gave up a point
[06:59] Threei nothing's wrong with that
[06:59] magoo yhoo read vad
[07:00] Threei none
[07:01] Threei OVTI 1:1
[07:02] Threei that's 3 and half winners in 30 minutes, I still can't go home??
[07:02] magoo nope
[07:02] Threei INAP then
[07:02] Threei half l,ot
[07:02] Threei .65
[07:02] Threei too fast, don't chase if missed
[07:04] magoo yhoo takes .56 we get 34
[07:05] Threei Short Setup: SBUX .04 trigger, if stays below .20
[07:06] Threei INAP 1:1
[07:06] Threei anyone got it? was a bit too close call
[07:07] magoo missed
[07:07] DaveG missed
[07:07] Threei OK
[07:07] DaveG watching sbux
[07:07] dino pcln hl l .07
[07:07] Threei I hate their coffee
[07:08] Threei not a reason to short by any means, but I will feel good about shorting it :)
[07:08] dptl lol
[07:09] DaveG sbux looks weak
[07:09] dino stopped
[07:09] Threei andf their coffee tastes burnt out
[07:09] dino not my mkt
[07:09] DaveG under 31.10 would be good short
[07:09] DaveG i think :)
[07:11] Threei FOSL .25 half lot long, .09 stop
[07:12] magoo .56 long ytrigger YHOO
[07:14] dino hl l crox .51
[07:18] Threei 1:1 SBUX
[07:18] Threei FOSL stop to .19
[07:19] Roman SMSI interesting
[07:19] Roman and TSYS
[07:19] dptl out sbux +.13
[07:20] gabby out sbux got first trade loss back tks 3i
[07:20] Threei first trade loss?
[07:20] gabby it was my first trade of day long!!
[07:21] Threei oh, I see
[07:21] Threei am I backwards or what... can't hit anything right on Mondays, can do no wrong on Fridays...
[07:21] magoo u on fire today...lets milk it.tough week
[07:22] Threei sheesh DNDN
[07:26] Roman IOTN continues
[07:27] dino do your feet smell and nose run vad? if so, then yes
[07:27] Threei hmmm
[07:27] Threei tough one
[07:28] magoo u still in SBUX sh vad?
[07:28] Threei no
[07:31] Roman IFON high
[07:34] magoo out sbux here .83
[07:34] Threei qwtg
[07:35] magoo actually, i miussed the exit
[07:35] magoo thats ewhy asked
[07:35] magoo dndn nuts
[07:44] DaveG i scalped SBUX +.35
[07:45] DaveG my first trade
[07:45] DaveG at new job
[07:45] DaveG :)
[07:45] Roman CPSL on radar,
[07:45] dino out crox .09, +.60
[07:54] dino ceco s .49
[07:57] Roman your PTEN vad
[07:57] DaveG wtg dino
[07:57] dino ty
[07:57] Threei ugh... forgot all about it
[07:57] dino frpt fast fall
[07:58] Roman YHOO
[07:58] Threei FRPT is expl,osive material once it breaks 25... not my kind of stock though
[07:58] Roman going for the high
[07:59] Roman SPAR going
[07:59] magoo DNDN is BACK
[08:01] DaveG i'd say
[08:01] magoo 22 comith
[08:01] magoo 1 minute
[08:03] dptl stop on YHOO?
[08:03] Roman where did enter?
[08:03] dptl 33.56
[08:04] Roman 33.34
[08:04] dptl thx
[08:05] Roman i think its going higher , but may have another shake before it goes
[08:06] Threei watching QLGOC for short
[08:06] Threei QLGC
[08:06] Threei aggressive entry would be here with .71 stop
[08:06] magoo dp, .56 i called as trigger, it turned it back twice premkt...my call
[08:07] Roman oh, i didn't see it magoo
[08:07] Roman where it ur stop on YHOO ?
[08:08] magoo half lot, so ..39
[08:08] DaveG normal people entry on QLGC break of lod?
[08:08] Threei yes .53
[08:08] DaveG ok
[08:08] magoo normal people do not daytrade
[08:08] Threei I like aggressive more on it
[08:08] Threei lol
[08:08] DaveG :)
[08:09] DaveG normal is relative :)
[08:10] Threei my plan for it:
[08:11] Threei short .59, stop .71,
[08:11] Threei once it breaks below .54, trail stop to above last high,
[08:11] Threei so far it would be .61
[08:11] DaveG ok
[08:11] DaveG ty
[08:11] Threei and let it freefall
[08:11] Threei there, stop is trailed
[08:13] DaveG nice call
[08:15] magoo well...dndn got close to 22
[08:15] dptl target YHOO?
[08:15] magoo amzn holds well
[08:20] magoo well...right now yhoo is my great white whale...its got me 3 times on stop...
[08:20] magoo i felt it had 34.20 area...but actually it sux
[08:22] * Threei hits QLGC on the head with 2x4 endowed with rusty nails
[08:23] dino frpt l .68
[08:23] dino ceco stopped -.30
[08:24] Threei ah trusty rusty nails
[08:24] DaveG your nails are working
[08:24] lklarson :)
[08:24] Threei 1:1
[08:24] magoo what is this 1 : 1 of which u speak?
[08:24] lklarson out 1:1 thx again vad
[08:24] Threei welcome
[08:25] magoo no xplaination??
[08:25] * Threei weighs his options
[08:25] lklarson on fire today vad:)
[08:25] * Threei can't see any other option but this:
[08:25] * Threei slaps magoo around a bit with a large trout
[08:25] magoo lol
[08:26] * Threei sings 'I am reviewing my situation"
[08:26] magoo today reinforces why should do little if any trades on hard days...do not dig hole...good day comes...easy $$
[08:26] Threei hey... it's a vvery good day if you go by my calls
[08:27] magoo YES..thats my point
[08:28] magoo out qlgc
[08:28] magoo ty vad
[08:28] Threei :)
[08:28] magoo sl;iuoyfhlwofflilfh
[08:30] Threei hey... it's actually a very daytrading song
[08:31] Threei I'm reviewing the situation.
[08:31] Threei If you want to eat -- you've got to earn a bob!
[08:31] Threei Is it such a humiliation
[08:31] Threei For a robber to perform an honest job?
[08:37] Threei well... I always knew my singing scares everyone out of the premises
[08:38] Threei works flawlessly, if I want privacy all I need to do is to start singing... garanteed to be alone in 5-10 seconds
[08:39] DaveG lol
[08:40] lklarson well, your singing career will not substitute your trading career, lol
[08:40] Roman long SMSI of 16.75 smal
[08:42] DaveG that QLGC is funky
[08:44] Threei actually lkl... think of it as a tool to empty public spaces for instance
[08:44] lklarson lol
[08:44] Threei disperse a protest rally
[08:44] DaveG lol
[08:45] DaveG clear a movie theater?
[08:45] Threei easy
[08:45] DaveG :)
[08:45] Threei maybe even military applications if I hone my skill a bit more
[08:45] Chaeron win a war?
[08:45] Threei there
[08:45] Chaeron :)
[08:45] Chaeron great minds
[08:46] Threei gimme a loudspeaker and armies will run struck by great fear
[08:46] Roman ATHR expolsive
[08:47] Roman can take out 30 easy
[08:47] Roman 29.20
[08:47] Roman CNQR high
[08:49] DaveG vad see pvt
[08:51] magoo rfr..target SMSI?
[08:52] magoo out here .07..THANX roman
[08:52] Roman yeah, that's decent
[08:52] Roman it has more tho
[08:52] Roman i am holding 1/2
[08:52] Roman trailing
[08:52] Roman NYMX high
[08:52] Roman 52week
[08:55] Roman BIOS broke out
[09:01] Roman CHTR slow but probably got more in it
[09:01] Roman heavy tho
[09:04] magoo yhoo sh trigger .99
[09:06] magoo if can not win long...win short dino always say
[09:06] dino ahhh grasshopper
[09:07] dino and when you hit into the sand....
[09:07] Threei I am so lost... :)
[09:08] dino get out of it (guess you're not a golfer)
[09:08] Threei ahhh... no...
[09:13] magoo vad, u did so well today i gonna re-up my monthly room subscription for another month: )
[09:14] magoo he he
[09:15] * Threei quickly charges magoo for the next 12 months before he changes his mind
[09:16] magoo lol
[09:19] dptl lol
[09:19] magoo yhoo 1 : 1 ??
[09:20] magoo whatever that means lol:)
[09:20] Threei what's this 1:1 of which you spoke just now?
[09:23] Threei nice short
[09:26] dino wow vad are you getting thru to him finally, :)
[09:27] Threei I am stubborn... and armed with 2x4
[09:36] dino pcln s .21
[09:37] magoo covered yhoo sh here .69
[09:51] dino cmed hl s .28
[10:16] dino alxn
[10:24] dino cmed bstop to .04
[10:24] dino \alxn s .48, hl, risky
[10:30] dino alxn bstop tyo .10
[10:30] dino copv .08, +.40
[10:31] dino fosl
[10:32] dino cmed bstop to .95
[10:35] dino cov cmed .96, +.32
[10:35] Threei nice trading
[10:37] dino i sucked in the a.m.
[10:38] dino shld blood
[10:39] dino hl s .30
[10:49] dino stopped .55
[10:50] Threei those who read blog article on stops from last week, please look at the follow-up:
[10:50] Threei http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html
[10:50] Threei and those who didn't, do
[10:50] Threei before my trout comes out
[10:51] lklarson please no! will read it right now, lol
[10:51] Threei you do that
[10:51] Threei 'cause when trout stops working, you know what comes next
[10:51] Threei those nails are really pointy and very rusty
[10:52] lklarson nice:)
[10:53] dptl txco?
[11:00] Threei dunno... hard to tell
[11:01] lklarson nice blog vad
[11:01] Threei ty
[11:01] lklarson very educational
[11:01] lklarson so do i escape the trout now?
[11:01] Threei with grace period
[11:02] lklarson ty
[11:02] Threei (I prefer to keep my options open :)
[11:02] lklarson ok, fair enough:)
[11:02] Threei lol
[11:03] lklarson will keep me inline, eh
[11:03] Threei well, my standard for measurement is magoo
[11:03] Threei if I can keep him in line, I can keep anyone in line G
[11:03] lklarson lol
[11:22] DaveG really?
[11:22] DaveG hmmm
[11:22] DaveG :)
[11:22] Threei hmmm... dave gets competitive G
[11:23] DaveG lol
[11:23] Threei it's just a matter of separation dave
[11:23] Threei raven is responsible for keeping you in line
[11:23] Threei while I concentrate on magoo
[11:27] DaveG :)
[11:33] magoo i have to leave early
[11:33] magoo thanx everyone...see u monday
[11:33] Raven
[11:33] Threei great... I may have overdone it :)
[11:33] magoo THANX vad..nice work today
[11:33] Threei take carte magoo, have a great weekend
[11:39] Threei DNDN feels like trying tostage eod run
[11:41] DaveG i was thinking the same
[11:47] DaveG see how it handles 21.20
[11:49] Roman ANPI
[11:49] Roman long setup
[11:51] Roman SMSI getting close to high
[11:52] Roman YHOO dump
[11:52] DaveG news?
[11:53] DaveG dump city
[11:58] Roman YHOO Yahoo! drops 1.50 in past 10 minutes; weakness follows Bloomberg headline saying YHOO/MSFT deal may focus on ad partnership (31.50 +3.51) -Update-
[11:59] DaveG ty
[12:02] Roman MDII MDI receives product order for implementation at major U.S. Marine corps base (2.15 +0.08)
[12:22] DaveG so much for DNDN
[12:23] DaveG wow
[12:24] DaveG holy cow
[12:24] Threei some info is leaking from somewhere probably
[12:43] dptl have a good weekend everyone.....:)
[12:43] Threei take care dp
[12:43] lklarson you to dp
[12:49] Roman MDII MDI receives initial order for $400,000 from Almana Networks (2.18 +0.11) -Update-
[12:50] Roman take care guys, have a wonderful weekenda
[12:50] Threei bye roman, have a good one
[12:50] lklarson you to roman
[12:52] dino thats it for me, take care all
[12:52] Threei bye dino
[12:53] Threei thank you all
[12:53] lklarson take care all, have a good weekend
[12:53] Threei have a great weekend, see you on monday!
[13:00] dieter have a good weekend everyone