RealityTrader Trading Log

Tuesday, August 14, 2007

August 14, 2007

Session Start: Tue Aug 14 00:00:00 2007

Session Time: Tue Aug 14 00:00:00 2007

[05:09] {DaveG} morning
[06:03] {Threei} Good morning
[06:04] {DaveG} hey vad
[06:05] {Threei} hi
[06:08] {BillyD} morning :)
[06:08] {Threei} billy :)
[06:09] {cosmo} GIGM teasing with 12
[06:10] {cosmo} should test
[06:10] {Threei} annoying, after its yesterday's miserable performance
[06:11] {cosmo} its baiting us maybe?
[06:11] {Threei} re-baiting
[06:11] {cosmo} hmm
[06:12] {cosmo} good one
[06:12] {Threei} ty
[06:12] {dino} gm all
[06:12] {Threei} {--- combining fishing and trading experiences
[06:12] {Threei} dino :)
[06:13] {cosmo} phishing?
[06:13] {Threei} that I plan for the year 2011
[06:13] {Threei} just no time till then, between other criminal activites
[06:13] {cosmo} yeah, that should be the final year for it
[06:14] {BillyD} dino, cosmo :)
[06:14] {cosmo} BD:)
[06:14] {Threei} 2008 is crossing the street on red light
[06:14] {BillyD} you will need a fishing license Vad...otherwise criminal
[06:15] {Threei} 2009, fishing without license
[06:15] {Threei} 2010, fireworks with no permit
[06:15] {Threei} that leaves 2001 for phishing
[06:15] {Threei} 2011
[06:15] {BillyD} this kind of chatter keeps us loose before trading
[06:15] {cosmo} hmm... maybe that's why they're runing the stop sing in front fo my house
[06:16] {cosmo} at 50 pmh
[06:16] {cosmo} mph
[06:16] {cosmo} at 2AM, of course
[06:17] {cosmo} RFMD
[06:21] {cosmo} to buy Sirenza Microdevices for $900 million in cash and stock.
[06:21] {cosmo} The move generated an upgrade to "Buy" from "Hold," from Citi
[06:22] {cosmo} At pre mkt high = 6.36 fwiw
[06:23] {esemde} morning all
[06:24] {cosmo} FACE
[06:24] {cosmo} ...loosing face it seems
[06:26] {dino} indeed
[06:26] {Threei} ese :)
[06:27] {lklarson} gm all
[06:27] {Threei} lkl
[06:27] {dino} gigm
[06:28] {dptl} good morning all
[06:28] {cosmo} Q2 (Jun) earnings of $0.17 per share, $0.02 better than the Reuters Estimates
[06:28] {cosmo} gigm
[06:29] {cosmo} ....expect even stronger growth in the second half and excellent momentum into 2008
[06:29] {cosmo} i've heard that before...
[06:30] {dino} lol
[06:31] {dino} fosl spike
[06:31] {Threei} dp :)
[06:32] {Threei} GIGM, watching pullback for possible scalp
[06:32] {Roman} ICGN
[06:32] {Roman} risky
[06:32] {Roman} buying 2 lots
[06:33] {Roman} 1 here 2.59
[06:33] {Roman} and 1 on pullbcak 2.3
[06:33] {Threei} GIGM, want someting around 11.40 to get interested
[06:33] {Threei} otherwise, letting it go
[06:34] {Threei} GLBL
[06:34] {Threei} .50 long
[06:35] {Threei} if stays above .35
[06:39] {cosmo} RFMD hod = 6.45 so far
[06:39] {cosmo} needs to hold .25
[06:39] {BillyD} nothing sticks out so far
[06:39] {BillyD} stands
[06:40] {Threei} nope
[06:41] {Roman} add ICGN 2.32
[06:42] {BillyD} watching LEND and HOKU for a downtrend continuation
[06:42] {Roman} NFI going
[06:44] {DaveG} novc
[06:44] {dino} irbt
[06:46] {Roman} long STEC
[06:46] {Roman} 7.55 1/2 size
[06:47] {dino} fosl hl s .99
[06:48] {Roman} looking to exit ICGN 2.80 area
[06:48] {dino} stopped -.40
[06:49] {dino} rinsed
[06:49] {Roman} GIGM
[06:49] {Roman} decent pullback
[06:50] {dino} mkt drop
[06:51] {Threei} GS looks baaaad
[06:51] {Threei} daily is horryfying
[06:53] {Roman} NFI going
[06:53] {BillyD} ss HOKU 8.90
[06:53] {cosmo} FACE ... may lift
[06:53] {cosmo} watching for 10
[06:55] {cosmo} testing
[06:59] {Threei} quite uneventful opening so far
[07:00] {BillyD} ss LEND .89
[07:00] {BillyD} aggressive
[07:03] {Threei} azpn
[07:04] {Threei} new high is long for a scalp
[07:04] {Threei} if stays above .50
[07:06] {Roman} LOCM looking for a bounce
[07:07] {Roman} market probably going to be down big today
[07:07] {cosmo} why?
[07:07] {Roman} just feels like they need to start a new panic
[07:08] {Roman} they want new lows 30 days....IMO
[07:08] {cosmo} k
[07:08] {Roman} got rinsed STEC -.30
[07:09] {BillyD} STEC does that Roman
[07:09] {Threei} feel free to take AZPN scalp
[07:09] {BillyD} always a tough one for me
[07:13] {BillyD} cov'd 1/4 LEND +.13
[07:14] {Roman} where the hell is magoo, is he buying up all foreclosures?
[07:15] {BillyD} 1/4 more LEND +.13
[07:15] {dino} lol, he just walked in
[07:15] {Threei} really dino... is he conserving all his energy to unleash it on us when you are away?
[07:16] {BillyD} 1/4 more LEND +.21
[07:16] {Roman} nice billy
[07:16] {Roman} OBCI radar
[07:16] {Roman} on of those
[07:17] {Threei} sheesh
[07:18] {Threei} my radar went unconcsious looking at OBCI
[07:18] {Threei} HOKU slowly making its way to the basement for you Billy
[07:18] {BillyD} yes
[07:19] {Roman} NVDA
[07:19] {Roman} making highs, what's up with that
[07:20] {Threei} it's crazy
[07:21] {Threei} you know, fish-sitting-in-the-tree crazy
[07:27] {dino} lol
[07:27] {Threei} wow
[07:27] {Threei} took dino 6 minutes, AND he is fastest here?? :)
[07:29] {dino} nah, sidetracjked a bit, trying to leave around lunch
[07:29] {BillyD} out rest LEND +.20
[07:29] {Threei} wtg
[07:29] {BillyD} thx
[07:30] {Threei} I find it quite disturbing dino... you are in such a rush to unleash magoo on us...
[07:32] {BillyD} cov'd 1/4 HOKU +.23
[07:33] {Threei} hmmm
[07:33] {Threei} MDII shortable
[07:33] {Threei} lol
[07:33] {DaveG} lol
[07:33] {BillyD} more +.20
[07:34] {BillyD} out rest +.20
[07:34] {Threei} very nice way top manage this morning
[07:34] {Threei} top=to
[07:34] {BillyD} thx
[07:35] {BillyD} probably has more but they can jump in a heart beat
[07:39] {DaveG} nice bd
[07:39] {Roman} OBCI reported earnings
[07:39] {Roman} radar
[07:49] {Threei} ONNN
[07:50] {Threei} .65 long, .59 stop
[07:51] {Threei} if loses .60, look for scalp from .55
[07:55] {dino} gigm s hl .17
[07:57] {Threei} ORBC break of 8 long, small shares
[07:57] {Threei} under .75 invalidated
[08:08] {Threei} GIGM looks promising dino
[08:08] {dino} arii blood
[08:09] {BillyD} LEND continues w/out me
[08:09] {BillyD} timeframe is the key
[08:10] {dino} timing is everything
[08:12] {dino} arii hl l .50, risky
[08:13] {dino} gigm bstop to b/e
[08:17] {dino} gigm stopped flat
[08:18] {Threei} guys, who is trialing TTN, please dcc me so I could gauge the interest
[08:20] {Roman} where is your stop on ARII , dino?
[08:20] {dino} .89
[08:20] {BillyD} dino, BTW have a nice vacation
[08:20] {dino} ty
[08:21] {dino} going to get rinsed feels like
[08:29] {Threei} lkl, look dcc please
[08:34] {dino} c'mon arii, want to get out of here
[08:36] {dino} fosl hl l .00
[08:37] {dino} arii stopped
[08:37] {dino} sorry guys
[08:38] {BillyD} GIGM possible short thru 12
[08:38] {BillyD} for scalp
[08:42] {dino} fosl hard stop is .72
[08:48] {dino} crzo
[08:48] {BillyD} ss GIGM .98
[08:58] {dino} de strong
[08:58] {BillyD} I think GIGM not gonna work
[08:59] {dino} strong too
[08:59] {BillyD} it's always a tough one
[09:00] {dino} yeah
[09:04] {dino} elos
[09:04] {BillyD} covd 1/2 -.04
[09:10] {BillyD} out 1/4 more flsat
[09:10] {BillyD} out rest_.02
[09:10] {BillyD} no conviction
[09:11] {dino} xtxi
[09:14] {dino} out fosl .03, +.03
[09:15] {dino} thats it, take care all, back tye 27th
[09:16] {lklarson} have fun dino
[09:16] {Threei} take care dino, safe trip and have fun
[09:16] {Threei} oh btwm mark asked to say hello, he is on two weeks vacation
[09:17] {Threei} willing to accpet trouting for not saying bye himself
[09:24] {BillyD} yesterday and today reminds me of true August
[09:24] {Chaeron} hi all
[09:24] {Threei} exactly Billy
[09:24] {BillyD} hi Chaeron
[09:24] {Threei} hey Chaeron
[09:25] {Threei} that's how entire august should go, we got lucky having it way more active and readable before
[09:25] {Chaeron} hey BD, 3i... nothin' happenin', huh?
[09:25] {BillyD} amazing how fast it changed to
[09:25] {BillyD} no
[09:26] {BillyD} ORBC 86K block
[09:26] {BillyD} 82k
[09:26] {BillyD} not low thought
[09:26] {Threei} still on watch for 8 break
[09:26] {BillyD} though
[09:26] {BillyD} it held .75
[09:27] {Threei} it didn't... but goes through new consolidation now
[09:27] {BillyD} true
[09:35] {BillyD} in .02
[09:38] {BillyD} out 1/3 +.16
[09:41] {BillyD} Vad..you in
[09:41] {Threei} haalf
[09:41] {Threei} -a
[09:42] {BillyD} stop still .74
[09:42] {Threei} oh no
[09:42] {Threei} trailed to under 8
[09:42] {Threei} no way I lose on this one
[09:43] {Threei} out
[09:44] {BillyD} out
[09:47] {BillyD} Vad..was your original stop under .85
[09:47] {BillyD} or still .74
[09:53] {Threei} honestly I didn't even think about it
[09:53] {BillyD} lol....I was trying to hold for !:1 on the rest
[09:53] {BillyD} thinking .74=}25 areea
[09:56] {Threei} this is kind of:
[09:56] {Threei} here is obvious momo,
[09:56] {Threei} grab it while it's obvious,
[09:56] {Threei} get out when it's no more
[09:57] {BillyD} now you tell me
[09:57] {Threei} lol
[09:57] {Threei} sorry
[09:57] {BillyD} didn't realize it jumped into mom status
[09:57] {BillyD} momo
[09:57] {BillyD} thought it might be more slow healing mode
[09:57] {BillyD} I normally don't play dumpers
[09:57] {Threei} it can be... it's just too volatile for my taste
[09:58] {Threei} not going to stick around too long
[09:58] {BillyD} I agree...se I learned something mores distinctly today :)
[09:59] {Threei} on typical august afternoon you can be sure that all plays I take must match one all-important criterion:
[09:59] {Threei} they shouldn't wake me up
[09:59] {Threei} what I can trade in my sleep, barely opening one eyelid, I trade
[10:00] {Threei} if it requires too much effort, it won't work
[10:01] {BillyD} lol
[10:51] {BillyD} I think the mkt is headed for another overall leg down
[11:01] {Threei} QCOM small shares .89 short
[11:02] {Threei} 38.05 stop
[11:09] {Threei} stop to 38.01
[11:32] {Threei} 1:1
[11:33] {Threei} anyone??
[11:34] {Threei} my next genius call I am keeping secrte
[11:34] {BillyD} lol
[11:35] {Threei} and just posting that I profited on it {G}
[11:36] {BillyD} toguh to take trades with any conviction here
[11:37] {BillyD} tough
[11:37] {Threei} that's because you are trying to stay awake
[11:37] {Threei} it's much easier in your sleep
[11:37] {BillyD} very true
[11:37] {BillyD} deep message
[11:38] {dptl} lol
[11:38] * Threei slaps dptl around a bit with a large trout
[11:38] {BillyD} rofl
[11:38] {Threei} :)
[11:38] {dptl} going to have a nap..
[11:39] {Threei} master the skill to trade with one eye barely open... and you are golden
[11:39] {BillyD} so ture
[11:39] {BillyD} literally
[11:40] {BillyD} just can't think money
[11:40] {Threei} just can't think
[11:40] {Threei} period
[11:40] {Threei} exactly the ideal trading state of mind
[11:40] {Threei} see setup, take setup
[11:41] {BillyD} well...I believe ther is some thinking....like majority of day not so great opportunities so tend to be more cautious
[11:41] {BillyD} it's just keeping it in proper balance/perspective
[11:41] {Threei} there is... unfortunately
[11:41] {Threei} my best days are those when I don't think
[11:41] {BillyD} concur with unfortunately
[11:42] {Threei} react automatically on recognizable situations
[11:42] {Threei} nothing but fingers reaction
[11:42] {BillyD} tend to agree, just not quite there yet
[11:42] {Threei} full power of emotions is deeply devoted to wetaher patterns for the next week
[11:42] {Threei} weather
[11:42] {BillyD} I'm cured
[11:43] {BillyD} full understanding
[11:43] {cosmo} its like driving on an 80mph freeway, and changing lanes assertively, but not agressively
[11:43] {Threei} hey... if you mean you started fully understand my typing, you are in deep troubles
[11:43] {BillyD} well said
[11:43] {cosmo} not well spelled tho
[11:44] {Threei} that's not requirement
[11:44] {BillyD} not typing...but what you are syaing which means I'm in deeper trouble
[11:44] {cosmo} i no
[11:45] {Threei} trading is just routine
[11:45] {Threei} wait for the situation you are very familiar with to appear
[11:45] {Threei} follow your standard set of reactions
[11:45] {Threei} take the outcome whatever it is, and wait for the next
[11:45] {Threei} if you are doing anything else but this procedure, you are not there yet
[11:47] {BillyD} why you gotta do me that way
[11:47] {Threei} I am not going to comment on that
[11:48] {BillyD} safer
[11:57] {Roman} ENZN -ICAHN REPORTS 1.7M SHARE STAKE
[12:26] {BillyD} PARL news?
[12:27] {BillyD} looks like earnings announced
[12:28] {Roman} PARL prelim $0.00 vs ($0.07) Reuters single est; revs $31.38 mln vs $23.20 mln Reuters singel est (3.15 -0.10)
[12:29] {BillyD} thx
[12:42] {Threei} okay guys, thank you all
[12:42] {Threei} have a good evening, see you tomorrow
[12:42] {BillyD} thx Vad
[12:42] {lklarson} take care vad
Session Close: Wed Aug 15 00:00:00 2007