RealityTrader Trading Log

Wednesday, September 26, 2007

September 26, 2007

Session Start: Wed Sep 26 00:00:00 2007

Session Time: Wed Sep 26 00:00:00 2007

[04:29] {_haifeschak} Good Morning!
[05:37] {Threei} morning haife
[05:38] {magoo} morning vad, haife, rt'ers
[05:39] {patience} morning magoo, RT
[05:39] {Threei} magoo, patience :)
[05:40] {Threei} look at our predicament mags
[05:40] {Threei} our candidates gapped big
[05:42] {magoo} yeah...and when does the music stop...i mean, its just getting riskier now...but remember when LEND went from 5 to 25...
[05:43] {Threei} so far we are in full blown bull mode with manias on top
[05:46] {cosmo} ... and its september
[05:46] {magoo} rock to end of year you think?
[05:46] {Threei} ugh, too many variables and conditions
[05:47] {magoo} morn patience:)
[05:47] {cosmo} blues maybe
[05:47] {magoo} well, vad, u were in prediction mode yesterdasy he he
[05:47] {Threei} not only yesterday
[05:48] {Threei} last week I confidently predicted new highs on this week
[05:48] {Threei} but it's different
[05:49] {Threei} see, a lot of things come together to show me the picture for the next move - I get a reliable read,
[05:49] {Threei} then at some point things become mirky
[05:49] {gabby} gd morning 3i, magoo cosmo and the quieter members
[05:49] {Threei} meaning, factors that I need to put the picture together again are uncertain,
[05:49] {Threei} gabby :)
[05:50] {Threei} they are being shaped up so to speak
[05:50] {Threei} and until they do, I have no foundattion
[05:50] {Threei} to base read on
[05:51] {Threei} to me it does look like bull market is going to continue,
[05:51] {Threei} just need to add "unless..."
[05:51] {Threei} rate decision next month,
[05:51] {Threei} how traders take it whatever it is depending on market mood at that point,
[05:52] {Threei} all credit issues,
[05:52] {Threei} USD,
[05:53] {Threei} look at it as poker game
[05:53] {cosmo} i'll take 4
[05:53] {Threei} cards are dealt, players start their bidding - you got what to base your decisions on, right?
[05:54] {Threei} round is over, next is about to start - you can't foresee anything yet until you see cards and players' action again
[05:56] {tomg} gm everyone
[05:56] {Threei} tom :)
[05:56] {magoo} u know what drives me nuts? all focvus was on the rate decision...we get what mkt wants...immediately mkt starts worryng about "next "rate decision
[05:57] {Threei} of course
[05:57] {Threei} this one is past, why worry
[05:57] {Threei} it's future that is a matter to focus on now
[05:57] {Threei} market is a discounting machine
[05:58] {Threei} it's always discounting future events, factoring them in the pricing
[05:58] {Threei} that's why people that try to trade on events are left holding the bag
[05:59] {Threei} then you hear them saying "market is rigged, that was a good news yet when I bought it tanked"
[05:59] {Threei} they don't understand that their good news was priced in before news came
[05:59] {Threei} and they as a latecomers served as a ground to dump shares onto
[06:03] {magoo} pretty good volume on our candidates this premkt
[06:03] {Threei} yes... I just wish they wouldn't gap that much
[06:04] {magoo} look at CSUN
[06:05] {Threei} do I have to?
[06:05] {gabby} isnt the gap the MMs best guess at where the stock is going today, 3i?
[06:05] {Threei} not in the least
[06:05] {Threei} gap and trap is just as common as continuation
[06:06] {markweb} gm winners!
[06:07] {Threei} mark :)
[06:07] {markweb} :)
[06:07] {Threei} hey, how about this modification:
[06:07] {Threei} "good morning winners and homesense"
[06:07] {cosmo} CTDC
[06:08] {markweb} not bad!
[06:08] {Threei} not sure if our american friends get it
[06:08] {Threei} I don't know whether this chain is represented there in such combination
[06:10] {esemde} gm all...
[06:11] {Threei} ese :)
[06:11] {tomg} discount store, i think
[06:11] {Threei} yes tom
[06:11] {tomg} trying to remember exactly
[06:12] {Threei} ok, looked them up... both are canadian retailers
[06:13] {Threei} http://www.shopavalonmall.com/store.php?id=152
[06:13] {Threei} belong to single owner I believe
[06:14] {tomg} good one :)
[06:14] {Threei} ok, that's a first
[06:14] {tomg} my kind of humor
[06:14] {tomg} sad to admit :)
[06:15] {Threei} I think as an NQ trader, tom took my alert from last week, made out like bandit and now is especially kind to me - to a point of liking my lame jokes
[06:15] {tomg} figured you'd think that
[06:15] {Threei} :)
[06:15] {cosmo} China plays still beconing
[06:15] {tomg} but not telling :)
[06:16] {Threei} nobody does, out of fear that I may demand my share
[06:17] {tomg} but bandit returns to scene of crime
[06:17] {tomg} in case there is more :)
[06:17] {Threei} lol
[06:17] {dino} gm all
[06:18] {Threei} dino :)
[06:19] {dptl} good morning all
[06:19] {Threei} dp :)
[06:19] {markweb} dp:)
[06:21] {esemde} Roman...you still in HOKU?
[06:22] {esemde} thats a familiar looking daily chart pattern
[06:22] {Roman} yes, still in HOKU
[06:22] {esemde} me thinks that baby is going to make 11 or better today
[06:23] {cosmo} if the bath water stays warm, maybe
[06:27] {magoo} CSUN premkt high 11.70 fwiw
[06:27] {Threei} SCON sizeable pullback
[06:27] {Threei} made over 11 premarket
[06:27] {magoo} 11.12 boss, but on a spike
[06:28] {Threei} and what a spike that was
[06:28] {esemde} Vad does that usually indicate buying interest or one last kick at the cat
[06:28] {Threei} buck in 7 bars
[06:28] {dino} ese, one last kick, good one
[06:28] {Threei} no way to tell on this one ese, too volatile
[06:29] {esemde} CBAK anyone know whats up with it...
[06:29] {Threei} china name
[06:29] {Threei} getting caught in mania
[06:29] {dino} added to index cbak
[06:30] {Threei} [11:58] {Threei} CBAK
[06:30] {Threei} [11:59] {Threei} another china name I think
[06:30] {Threei} off we go
[06:30] {dino} y china battery
[06:30] {Roman} JADE
[06:31] {Roman} ASTI short
[06:31] {magoo} watching nvda, brcm, amzn
[06:32] {Roman} distregard ASTI
[06:32] {Roman} CLWT radar
[06:34] {Roman} ESLR
[06:34] {Roman} continues
[06:35] {Roman} SOLF
[06:35] {Roman} long bouner
[06:35] {Roman} 14.25 area
[06:36] {Threei} SQNM 6.25 metldown long if stays above 6.10
[06:37] {Roman} long HIHO small
[06:37] {Roman} weird one
[06:37] {Roman} long FFHL small
[06:37] {Threei} CBAK7.05 long if stays above 6.90
[06:37] {dino} mer l trig .00
[06:37] {gabby} cpsl!!
[06:39] {Roman} CHNR radar
[06:39] {Roman} thin
[06:39] {Threei} ONNN
[06:39] {Threei} .11 long
[06:40] {Roman} CNTF & GRRF another 2 small china plays
[06:41] {Roman} DSTI not china buy t
[06:42] {Roman} add NINE
[06:43] {dino} mer stopped -.30
[06:45] {Threei} 12.99 stop ONNN
[06:46] {magoo} onnn capable of big move?
[06:47] {dino} l hl har .00
[06:47] {Threei} pretty much
[06:49] {Threei} stopped
[06:52] {Threei} BRCM .26 long, .14 stop
[06:54] {Threei} invalidated, and starts looking as short
[06:55] {Threei} half lot right here
[06:55] {Threei} stop .31
[06:56] {dino} risky hl s plce .48
[06:56] {Threei} got .23
[06:57] {dino} out har .24, +.24
[06:57] {magoo} got .20
[06:58] {esemde} not one of VADs patterns but i'm long HOKU on the pull back .64
[06:59] {esemde} like Roman said yesterday....just in case
[06:59] {Threei} covered half BRCM
[07:00] {magoo} i like CPSL long
[07:00] {magoo} .38
[07:00] {magoo} going foe 13 or close
[07:01] {Roman} out 1/2 HIHO +.40
[07:02] {Threei} nice one
[07:02] {Threei} brcm
[07:02] {Threei} stop to .21
[07:03] {Roman} OVTI high
[07:03] {Roman} could sqeeze
[07:05] {Roman} XFML insane
[07:05] {magoo} covered brcm..feels up
[07:07] {Roman} out 1/2 HOKU
[07:10] {dino} plce stopped -.40
[07:10] {esemde} out HOKU .04 +.40
[07:10] {dino} gj ese
[07:11] {esemde} tks
[07:11] {Roman} IDIX
[07:11] {Roman} on radar for breakout
[07:13] {Roman} JADE trying to bounce on daily
[07:14] {Threei} FSIN
[07:14] {Threei} crazy looking one
[07:16] {Threei} if breaks 13.50 can easily go to 14 or 15
[07:19] {esemde} you gonna bstop it VAD?
[07:19] {Threei} 200 shares if I can get it
[07:20] {Threei} manually, no software buystop is going to get you in unless it's market buy
[07:20] {Threei} but market buy will get yuou in at .70
[07:21] {Roman} BCON crazy
[07:21] {Roman} long CPST swing
[07:23] {Roman} SCON bounce area
[07:23] {Roman} looking here to buy small
[07:26] {markweb} dino RECN?
[07:26] {Roman} long CSUN
[07:26] {Roman} 9.90 small
[07:30] {Threei} DOE CRUDE: +1.8M V -2.5ME ; GASOLINE: +532K V -100KE ; DISTILLATES: +1.5M V +1.1ME ; UTILIZATION: % V 88.6%E
[07:32] {Threei} abundance of oil
[07:32] {dino} not sure mark
[07:33] {dino} like it l off of .00 area
[07:33] {markweb} to late im in l@.46 small
[07:33] {Roman} out all CSUN +.28
[07:34] {markweb} stop .20
[07:34] {Roman} INTN
[07:34] {Roman} this one is completely insane
[07:35] {dino} coin toss, keep your stop
[07:35] {Roman} EFUT high
[07:35] {markweb} i do:)
[07:37] {dino} vert?
[07:38] {markweb} no hard stop
[07:38] {Threei} no news VERT
[07:38] {markweb} no, hard stop:)
[07:38] {Threei} just another crazy one
[07:38] {dino} ty
[07:41] {Threei} changed my idea on FSI:
[07:42] {Threei} bought 200 shares 13.20,
[07:42] {Threei} stop under 13 or add 200 more on 13.50 break
[07:42] {Threei} FSIN, sorry
[07:43] {Threei} EFUT long if .50 melts
[07:43] {Threei} small shares
[07:44] {Roman} EFUT eFuture trades up 15% over past 20 minutes; strength attributed to contract chatter (18.55 +2.55)
[07:44] {Threei} stop under .20, target over 19
[07:45] {Threei} no go FSIN
[07:49] {Threei} grrr
[07:50] {Threei} there is a good reason why I hate big gap days
[07:51] {markweb} RECN stoped -.26 (small)
[07:51] {markweb} nex time will take Dino call:)
[07:52] {dino} lol mark. its all probabilitoies, no right or wrong
[07:53] {markweb} you have a perfect smell
[07:53] {dino} of course my spelling is wrong
[07:54] {dino} mark, ...expect to be wrong, then you are not disappointed. i am wrong 4-6 x's/day
[07:55] {dino} this vert is taunting me
[07:56] {markweb} according my stat you have winning ratio 59.7%
[07:57] {dino} hmmmm, keeping better stats than i
[07:57] {Threei} no kidding... I didn't keep mine for years
[07:57] {markweb} learning:)
[07:57] {dino} i see it, you are
[07:57] {Threei} but yeah, on early stages I have
[07:57] {Threei} and it helped immensely
[07:58] {markweb} vad's is 67....%
[07:58] {Threei} seriously?
[07:58] {markweb} y
[07:58] {Threei} kewl
[07:58] {dino} wow!
[07:59] {dino} so, i'm more the coin flip...makes sense
[07:59] {Threei} I think the reason is different dino
[07:59] {Threei} you play more volatile ones and you tend to entry aggressively
[07:59] {dino} please tell
[07:59] {dino} ahh
[08:00] {Threei} this style naturally leads to lower percentage of winners with higher win/loss size ratio
[08:00] {dino} risk/reward thing, bigger moves i'd think
[08:00] {Threei} eqzaktly
[08:00] {dino} vert s break of .50, risky, not marginable t cyber
[08:00] {Roman} CSUN
[08:00] {Roman} long again 10
[08:01] {dino} in wide stop
[08:01] {markweb} Sorry Vad, in 20 days 83 calls 52 winning-62.7% nice results
[08:02] {dino} whats average win size
[08:02] {dino} ie, .40 .60 etc?
[08:03] {Roman} CTDC long
[08:03] {Roman} 7.65 slow
[08:04] {Roman} out CSUN +28
[08:05] {Threei} nice and easy
[08:05] {Threei} good one roman
[08:05] {esemde} gj Roman
[08:05] {Threei} CEPH
[08:05] {Threei} FDA TO ISSUE PUBLIC HEALTH ADVISORY ON PAIN DRUG
[08:06] {Roman} COGO just a waiting sqeeze machine
[08:07] {Roman} stock heading for $22 in a week or so
[08:07] {Roman} IMO
[08:07] {dino} rally
[08:08] {magoo} out csun .18, thanx rfr
[08:09] {Roman} ANAD
[08:09] {Roman} some positive comments by analyst
[08:10] {Roman} ASIA looks good for swing
[08:10] {esemde} long SOLF on the bounce .50
[08:11] {dino} aauk
[08:11] {Roman} CRDC wants to pop anyday
[08:14] {Threei} today is as good as any
[08:14] {Threei} just buy it Roman
[08:15] {Threei} FSIN big offer taken... this one bothers me
[08:15] {Roman} already bought it Vad, it's my "just in case" play
[08:15] {Threei} I know... I mean buy more to move it for the rest of us
[08:15] {Threei} some self-sacrifice for the greater good eh?
[08:16] {Threei} call me stubbor... took 200 FSIN agan at .90
[08:17] {dino} lol
[08:17] {Roman} CHINA radar
[08:20] {Roman} TARR
[08:21] {Roman} long small
[08:21] {markweb} DOG
[08:21] {Roman} u mean BLOG?
[08:22] {esemde} out SOLF .66 +.16
[08:22] {markweb} no TARR is a DOG
[08:22] {esemde} anyone looking at csun on the bounce
[08:22] {Roman} ELON
[08:23] {Roman} sqeezable
[08:23] {markweb} ?
[08:24] {Roman} means, got a great range, i am watchign it
[08:24] {markweb} ty
[08:28] {Roman} CNIC
[08:28] {Roman} don't see news
[08:28] {Roman} Copernic says SEC ends probe without recommending action
[08:28] {Roman} at Reuters (Tue 5:24pm)
[08:29] {Roman} VG Vonage: U.S. Appeals Court vacates $58 mln damage award, 5.5% royalty awarded Verizon, remands to lower court - Reuters (0.97 -0.82) -Update-
[08:31] {Roman} out CTDC flat
[08:31] {Threei} another source worded a little differently:
[08:31] {Threei} FEDERAL APPEALS COURT UPHOLDS LOWER COURT RULING ON 2 OF 3 PATENTS IN FAVOR OF VERIZON
[08:31] {Threei} - $58M damage award vacated and remanded to lower court.{VZ}
[08:31] {Threei} looks bad
[08:31] {Threei} Vonage was dubbed as worst IPO in history
[08:32] {Threei} looks like for a good reason lol
[08:33] {dino} lose 7 vert
[08:36] {Threei} {VERT} yes sir, for you anything
[08:37] {Threei} xing
[08:37] {Threei} sorry, wrong window
[08:37] {dino} wish my kids listened that way
[08:37] {Threei} you and the rest of humankind
[08:37] {dino} indeed wise sir, indeed
[08:39] {Roman} ANAD radar
[08:39] {Threei} you know the content of the oldest text in human history?
[08:39] {dino} no
[08:40] {dino} dwsn a bit ofblood
[08:40] {Threei} "Times are bad. Youth doesn't listen to their elders and drinks undiluted wine"
[08:40] {dino} hmmm
[08:43] {markweb} Vad BRCM?
[08:43] {Roman} long JADE
[08:43] {dino} i recall a dancer named jade
[08:43] {Threei} pretty much does what NQ does
[08:44] {markweb} ty
[08:45] {Roman} in 1/2 size JADE
[08:46] {dino} brb
[08:48] {Threei} come on FSIN
[08:48] {Threei} I want 14 while I am young
[08:48] {Threei} {FSIN} isn't it a bit late
[08:49] {Threei} nice JADE
[08:49] {Threei} mark if you clock Roman you will get what, 98%?
[08:50] {Roman} COGO
[08:50] {Roman} going for another round of fun
[08:50] {markweb} very hard to keep roman's record, but he is BEEEEEEEG
[08:51] {Threei} slap him and demand clear cut calls... for statistic purposes
[08:51] {markweb} slap,slap...
[08:51] {Roman} COGO shorts are trapped
[08:52] {Threei} classic said... "socialism is order and control"
[08:52] {Threei} no... count and control
[08:53] {Roman} DSTI not bad today
[08:53] {magoo} roman, where exit jade?
[08:53] {Roman} i think it will have another round and goes over $5
[08:54] {Roman} today
[08:54] {Roman} i am keeping mine swing
[08:56] {dino} answ
[08:57] {dino} goggle ext. for 2 years
[09:00] {markweb} can't short on syber:(
[09:00] {Roman} out some ASIA from today
[09:00] {markweb} answ
[09:01] {Threei} sneaky sneaky FSIN
[09:03] {Chaeron} hi all
[09:03] {Threei} hey chaeron
[09:04] {Threei} spring is being coiled FSIN
[09:04] {Chaeron} fsin
[09:07] {Threei} launch pad
[09:07] {Threei} liftoff
[09:13] {Threei} out 300 13.99
[09:13] {magoo} nice vad
[09:13] {Threei} 200 left
[09:13] {markweb} from?
[09:14] {Threei} 12.90 and 13.50
[09:14] {markweb} nice
[09:14] {Roman} in IOTN swing small, will be looking for possible sqeeze
[09:14] {Roman} in the next few weeks
[09:15] {Threei} offering 14.70, stop 13.75
[09:22] {Threei} out balance FSIN
[09:22] {magoo} out jade here .94 THANX roman
[09:22] {Roman} np
[09:23] {Threei} beauty
[09:23] {Threei} I scalped a bit earlier, couldn't take eye off FSIN so had to unload
[09:23] {esemde} long AMSC 19.25
[09:29] {Chaeron} you have three eyes, so what's the problem?
[09:31] {Roman} out 1/2 JADE +.58
[09:32] {Roman} swining ramaining , looking for $8
[09:32] {Threei} but they all are closed
[09:33] {Roman} XMSR & SIRI strong
[09:35] {dino} dwsn hl l .40, stop .98
[09:36] {Roman} NFLD spike
[09:36] {Roman} CRDC high
[09:37] {Roman} ICON feels higher
[09:37] {Roman} spikey
[09:38] {Threei} CNIC... foremrly known as MAMA
[09:38] {Roman} that's good to know
[09:38] {magoo} realy
[09:46] {Roman} out 1/2 CRDC
[09:46] {Roman} will give it till the end of the day to take $10 , or maybe tomorrow
[09:50] {magoo} wheres a good reentry JADE?
[09:51] {Threei} 4.80 if get pullback
[09:52] {magoo} don't think it will
[09:53] {Threei} then .20 break
[09:53] {Threei} but I am not keen on breaks right now
[09:54] {esemde} out AMSC. .31 +.06...had to scalp it have a great rest of the day everyone
[09:55] {Threei} take care ese
[09:58] {esemde} opps almost forgot VAD dcc please
[09:58] {dino} take care ese
[10:03] {Roman} SNNIC
[10:03] {Roman} SNIC
[10:04] {Roman} kinda interesting
[10:11] {dino} cov vert .03, +.37
[10:11] {dino} can't seem to collapse
[10:12] {magoo} out jade .47 here..ty VAD
[10:12] {dino} dwsn finally works, almost stopped
[10:13] {magoo} took break call
[10:15] {magoo} someone kick vad...wake him
[10:17] {dino} dwsn stop to .67
[10:17] {Chaeron} maybe vad's in his shed working out
[10:18] {dino} make it .72
[10:18] {Threei} why, oh why
[10:18] {dino} out ave .65, +.25
[10:19] {dino} slippage
[10:20] {magoo} man..i gotta pee so bad.brb
[10:21] {markweb} after dono call i have diapers with me:)
[10:22] {dino} picture that
[10:22] {magoo} 13:12] {magoo} out jade .47 here..ty VAD
[10:22] {magoo} [13:12] {dino} dwsn finally works, almost
[10:23] {markweb} im new in this game:(
[10:23] {magoo} 13:12] {magoo} took break call
[10:23] {magoo} [13:15] {magoo} someone kick vad...wake him
[10:23] {Threei} [13:18] {Threei} why, oh why
[10:23] {dino} been there mark
[10:24] {magoo} thats why
[10:24] {markweb} lol
[10:24] {dino} answ
[10:24] {dino} can't get it
[10:25] {markweb} @ Cyber?
[10:25] {dino} yeah
[10:26] {dino} mer fast fall
[10:28] {magoo} mark?
[10:28] {markweb} ?
[10:28] {magoo} u ever been slapped?
[10:28] {Threei} duck
[10:28] {dino} merrill lynch
[10:29] * magoo slaps markweb around a bit with a large trout
[10:29] {markweb} do it!!!!!!
[10:29] * magoo slaps markweb around a bit with a large trout
[10:30] {markweb} thank you
[10:33] {Threei} sheesh ANSW
[10:54] {Threei} watch JADE for bounce scalp
[10:55] {dino} prft
[10:57] {dino} dwsn l .98 hl
[10:59] {markweb} stop .64?
[11:01] {dino} .48 mark, hl
[11:01] {dino} for me, you adjust accordingly
[11:01] {markweb} ty
[11:01] {dino} tighten as we go up
[11:02] {dino} "if"
[11:02] {markweb} im not in to late
[11:03] {dino} if i understand, you're not in? if so, throw out offer way below, say .80ish
[11:03] {dino} it's like pulp
[11:04] {markweb} mb
[11:04] {dino} ?
[11:05] {markweb} will be
[11:05] {markweb} "if"
[11:06] {dino} lol
[11:08] {markweb} this spread kill me
[11:08] {dino} hooker as magoo would say
[11:09] {dino} tough to get out of too
[11:10] {markweb} let's go to MSFT:)
[11:15] {dino} slippage out ave .45, +.47 shoosh
[11:16] {dino} sheesh
[11:16] {markweb} gj
[11:16] {dino} have to hit the bid next time on exit i guess
[11:16] {dino} ty
[11:17] {dino} sunday bloody sunday on
[11:18] {dino} risky s hl intn .90
[11:21] {dino} bstop is .31
[11:59] {Threei} CBAK
[12:03] {Threei} JSDA?
[12:04] {magoo} any read jade from here vad or roman??
[12:05] {Threei} not really... CBAK owrth a try .46
[12:05] {Threei} if stays above .30
[12:09] {dino} itwo
[12:22] {magoo} in cbak
[12:23] {magoo} big offer .50 vad
[12:24] {Threei} you know those offers...
[12:24] {Threei} momo comes, they scroll up faster than they can hit cancel button
[12:25] {magoo} yup
[12:25] {magoo} just saying
[12:25] {Threei} no momo, lousy 200 shares offer is a good excuse to back away :)
[12:25] {dino} intn stopped
[12:31] {dino} dwsn l trig .00 imo
[12:31] {dino} risky
[12:45] *** Disconnected
Session Close: Wed Sep 26 12:45:44 2007