RealityTrader Trading Log

Friday, September 7, 2007

September 7, 2007

Session Start: Fri Sep 07 00:00:00 2007

Session Time: Fri Sep 07 00:00:00 2007

[05:34] {magoo} morning
[05:34] {BillyD} magoo :)
[05:35] {gabby} good morn magoo,billy. made it this am
[05:35] {BillyD} gabby :)
[05:36] {magoo} gabbaroo, billy: )
[05:45] {BillyD} no follow thru this AM so far on crdc, heph, pozn
[05:45] {magoo} well..mkts down, mostr stox down
[05:47] {magoo} use aapl. goog, bidu as a tell
[05:47] {magoo} all lower
[05:52] {BillyD} momo's usually in world of their own
[05:52] {BillyD} news, etc
[05:53] {magoo} agree..like crdc ..sure
[05:54] {BillyD} and when they not working too well
[05:54] {BillyD} gives a clearer picture imo mkt pretty weak
[05:54] {cosmo} POZN pre mkt range = 10.80 - 11.50 fyi
[06:00] {Threei} good morning
[06:02] {BillyD} Vad:)
[06:02] {Threei} Billy :)
[06:02] {BillyD} I have a big request today Vad
[06:02] {BillyD} behave if possible
[06:03] {Threei} as in?
[06:03] {BillyD} if not I understand
[06:03] {BillyD} only funny jokes
[06:03] {Threei} I am afraid that's above me...
[06:03] {Threei} I can try
[06:03] {BillyD} that's all we ask
[06:03] {Raven} Morning Friday :)
[06:04] {BillyD} R:)
[06:04] {Threei} what is it about today?
[06:04] {Threei} R :)
[06:04] {Raven} B,T :)
[06:04] {cosmo} jobs...jobs...jobs
[06:05] {Threei} no, I mean, why to behave today
[06:05] {cosmo} oh
[06:05] {cosmo} no reason
[06:05] {esemde} morning everyone...with an appology....forgot to say goodbye when signing off yesterday...sorry bout that
[06:05] {Threei} is it international "Say No to Misbehaving" Day?
[06:05] {Threei} hi ese
[06:05] {markweb} gm all
[06:05] {esemde} hi Vad
[06:05] {Threei} that's unforgivable
[06:06] {Threei} mark :)
[06:06] {BillyD} lol
[06:06] {esemde} markd Billy cosmo
[06:06] {BillyD} ese
[06:06] {BillyD} maRK
[06:06] {Threei} who saw Four Rooms?
[06:06] {markweb} :)
[06:06] {BillyD} not here
[06:06] {Threei} Billy reminded me Banderas character
[06:07] {Threei} strict father who told his kids with very intimidating look before leaving them alone,
[06:07] {Threei} DO NOT MISBEHAVE!!
[06:07] {BillyD} and what did they do
[06:07] {Threei} gosh
[06:07] {Threei} you don't want to know :)
[06:07] {BillyD} lol
[06:07] {BillyD} CTDC
[06:08] {Threei} quite funny movie, waste couple hours sometime
[06:08] {cosmo} waste?
[06:08] {cosmo} never
[06:08] {Threei} ah don't be that effective
[06:10] {cosmo} GOLD pre mkt high = 28.35 ...just in case
[06:12] {Threei} so why the market is unhappy
[06:12] {Threei} jobs, ok... but it means higher probabbility of a rate cut
[06:13] {gabby} morning 3i. Raven
[06:13] {Threei} gabby :)
[06:17] {Raven} hi gabby
[06:27] {dptl} good morning all
[06:27] {Threei} dp :)
[06:27] {BillyD} dp :)
[06:28] {Raven} hi dp
[06:30] {cosmo} POZN should hold 11 ...must hold 10.80
[06:30] {cosmo} imho
[06:31] {Threei} CRDC 11 long, risky as always
[06:34] {Threei} CTDC
[06:34] {Threei} long if 6.60 metls down, half lot
[06:35] {Threei} CRDC, 10.80 becomes support
[06:35] {Threei} broke
[06:36] {Threei} come on CRDC, you know you want 13
[06:36] {magoo} on a big down day vad??
[06:37] {Threei} I don't think CRDC cares
[06:37] {Threei} it's still a momo stock
[06:39] {Threei} CTDC stop under 6.30
[06:39] {Threei} goes for 7 IMO
[06:41] {Threei} trail stop to 6.45 if it breaks .80
[06:43] {dino} gm all
[06:43] {Threei} dino :)
[06:44] {gabby} out CRDC +0.25 tks 3i
[06:44] {Threei} welcome
[06:45] {magoo} out crdc .60 TY VAD
[06:45] {Threei} :)
[06:46] {Threei} LEND
[06:47] {Threei} 10 break long, .79 stop
[06:49] {Threei} no worky
[06:52] {magoo} like CTDC vad?
[06:53] {Threei} still same play
[06:53] {Threei} 6.45 stop
[06:53] {Threei} 7 and above is target
[06:55] {magoo} nice bidsa
[06:55] {Threei} offering CTDC 7.05
[06:56] {magoo} waoiting .98
[06:56] {magoo} OUT NICE VAD
[06:56] {Threei} :)
[06:56] {Threei} my turn
[06:56] {Threei} +.45
[06:57] {Threei} Billy... did I earn my right to misbehave??
[06:57] {Threei} just one bad joke?
[06:57] {Threei} please?
[06:57] {BillyD} yes
[06:57] {Threei} thank you!
[06:57] {BillyD} lol
[06:58] {Threei} so this guy walks in the bar
[06:58] {magoo} its not dino is it??
[06:59] {magoo} big scalpers regret settuing in...................SIGH
[07:00] {Threei} it should pull back hard now
[07:03] {Threei} sheesh HEPH
[07:03] {Threei} I didn't trust it at all
[07:03] {BillyD} same here
[07:04] {esemde} just missed pozn AT .56 PUTTING IN THE ORDER AND IT BREAKS
[07:04] {esemde} RATS.....
[07:05] {magoo} jesus...CTDC have news or what???
[07:07] {esemde} CTDC....all day climber Vad??
[07:07] {BillyD} until you or I enter ese
[07:07] {BillyD} lol
[07:07] {Threei} can't tell... this is very treacherous stock
[07:07] {BillyD} needs a good pb
[07:07] {esemde} gottcha........
[07:07] {Threei} it's capable of incredibly hard drops
[07:08] {BillyD} i was in at 6.08 at open :(
[07:08] {esemde} Yo baby!!!
[07:08] {esemde} retirement looming?
[07:08] {BillyD} got uout up to 6.40
[07:09] {BillyD} si I'm crying
[07:09] {BillyD} so
[07:09] {Threei} up .32
[07:09] {Threei} cry me a river
[07:09] {BillyD} lol
[07:09] {magoo} CRDC going for 12?
[07:09] {BillyD} took my eye off it
[07:09] {Threei} you don't want to hear what I really think magoo
[07:10] {magoo} yes i do..
[07:10] {Threei} (whispering) 13
[07:10] {magoo} 12.04 high yesterday
[07:10] {magoo} l here
[07:11] {Threei} don't let my take impact you, trade it as you see fit
[07:11] {Threei} my situation is a bit different:
[07:11] {Threei} I took 2K earlier,
[07:11] {Threei} sold one +.60
[07:12] {Threei} so I have huge cushion
[07:12] {magoo} understood
[07:12] {Threei} and trying to umbrella second prtion
[07:12] {BillyD} Vad...didn't first call on CRDC stop
[07:13] {BillyD} I wasn't in so briefly remember .80 area as stop
[07:13] {Threei} as a technical p[lay it would... but CRDC is not a technical p[lay
[07:13] {Threei} it's a momo play
[07:14] {Threei} [09:36] {magoo} on a big down day vad??
[07:14] {Threei} [09:37] {Threei} I don't think CRDC cares
[07:14] {Threei} [09:37] {Threei} it's still a momo stock
[07:14] {Threei} remember general principle
[07:14] {Threei} you exit the trade when the reason for entry is no longer valid
[07:14] {Threei} reason for this one was momentum
[07:15] {Threei} it's never died so far
[07:15] {BillyD} ok
[07:15] {Threei} gauging it is not really a scientific task
[07:15] {BillyD} so momo was your stop
[07:15] {Threei} more of feeling kind of thing
[07:15] {Threei} that's why momo p[lays are much tougher
[07:15] {Threei} and require a lot of experience
[07:16] {BillyD} was just curious
[07:16] {BillyD} it looked like typical setup call with .80 stop
[07:16] {Threei} not with its natural volatility
[07:16] {BillyD} i understand the momo play
[07:26] {magoo} vad, any read CTDC from here?
[07:27] {Threei} needs some rest I think
[07:27] {Threei} not sure break is valid
[07:28] {magoo} k
[07:28] {BillyD} it doesn't know rest today
[07:28] {BillyD} like normal
[07:29] {magoo} there is the "magnate" factor
[07:29] {magoo} 8 magnate
[07:30] {BillyD} POZN strong
[07:30] {esemde} have been watching ONNN...this is one heck of a good looking 5 year break out chart.....I'll let you know when it gets back to to the 12}50 range
[07:33] {Threei} 8
[07:33] {Threei} power of momo
[07:34] {BillyD} no kidding
[07:34] {BillyD} today's momo
[07:36] {BillyD} watching HEPH for possible short scalp
[07:36] {dino} asei l .02
[07:36] {esemde} when you say power of MOMO Vad....your talking about emotions taking over...no thought??
[07:36] {dino} hl
[07:36] {esemde} just kinda overrides everything?
[07:36] {Threei} not necessary
[07:37] {Threei} it does override everything,
[07:37] {Threei} but it's not always pure emotions
[07:37] {Threei} it's that eternal smart money vs crowd
[07:37] {esemde} fundamentals involved as well?
[07:37] {Threei} where smart money goes against obvious
[07:37] {Threei} naaaah
[07:37] {Threei} fundamentals is the last thing that matters here
[07:37] {dino} rvsn
[07:38] {esemde} hi dino
[07:38] {Threei} stock is up 100%, 200%
[07:38] {Threei} what is the obvious way of thinking for the crowd?
[07:38] {dino} morn' ese
[07:38] {Threei} done, enough, down from here, too high
[07:39] {Threei} smart money hitting it hard and taking it higher ruins this perception
[07:39] {Threei} kills premature shorts
[07:39] {Threei} those cover adding fuel to the fire
[07:39] {Threei} and this part of the cycle continues until it becomes obvious for the crowd that the move will never stop
[07:40] {Threei} and it's safe to enter long anywhere, it's going higher anyway
[07:40] {Threei} of course that's when the music stops
[07:40] {BillyD} lights go out and chairs get pulled
[07:41] {esemde} somebody has to loose here...thats for sure!
[07:45] {dino} say it isn't so
[07:45] {BillyD} lol
[07:47] {cosmo} GOLD salmon
[07:47] {cosmo} ... wants .60
[07:47] {Threei} US REP. BARNEY FRANK CALLS ON FED TO CUT INTEREST RATES ON SEPT 18
[07:48] {dino} clzr
[07:48] {cosmo} i would do it on the 11th
[07:48] {magoo} the "pig man"
[07:51] {Threei} dp, look dcc please
[07:54] {dino} throw him out vad, :)
[07:54] {Threei} why?
[07:54] {Threei} what did he do I am not aware about?
[07:54] {dino} bustin', lighten up
[07:54] {Threei} I can't
[07:54] {Threei} I love throwing people out
[07:55] {Threei} looking for any reason... you piqued my interest :)
[07:55] {dino} ahh
[07:58] {dino} spss
[07:58] {dino} bad prints
[08:09] {dino} hl s rvsn .63, stop .86
[08:10] {Threei} getting interested in CTDC bounce
[08:10] {Threei} under 7 probably
[08:11] {Threei} 7.01 long
[08:12] {Threei} 6.89 stop
[08:15] {Threei} 1:1
[08:17] {BillyD} took it thx
[08:25] {BillyD} wow...IDCC
[08:34] {BillyD} vad..any feel for CTDC
[08:34] {Threei} 7.20 seems to be new long trigger if stays above 7
[08:34] {Threei} but it's kind of shaky read
[08:34] {BillyD} why I asking you :)
[08:35] {BillyD} sounding like magoo
[08:35] {Threei} what else can you do if magoo remains silent for hours
[08:36] {BillyD} give thanks?
[08:36] {BillyD} hehe
[08:36] {BillyD} he's probably planning his next trout attack
[08:37] {dino} he's bogged down w/paperwork
[08:37] {dino} coulp closings today
[08:37] {dino} couple
[08:38] {BillyD} that's a good thing
[08:38] {dino} :)
[08:38] {Threei} but rest assured Billy... dino is taking notes and when magoo is back he will be prsented with full list of abusers
[08:38] {dino} asei wants 68
[08:38] {Threei} so trout will be whistling viciously
[08:38] {BillyD} lol
[08:39] {dino} notes not required, you have the history on web right
[08:39] {Threei} lol
[08:39] {Threei} true
[08:39] {dino} nvec l hl .22
[08:40] {BillyD} people who see the log are still trying to figure out what stock "TROUT" is
[08:41] {dino} :)
[08:50] {dino} rvsn bstop to .60
[08:51] {dino} asei stop to .56
[08:51] {dino} bcsi wakey wakey
[08:52] {dino} asei to .99
[08:54] {dino} rvsn bstop to .40
[08:54] {dino} asei stopped slippage ave .80, +.78
[08:59] {esemde} have a great weekend everyone....see ya'll monday
[08:59] {dino} rvsn to .23
[08:59] {BillyD} bye ese
[08:59] {dino} cya ese
[08:59] {esemde} see ya Billy
[08:59] {Threei} take care ese
[09:03] {BillyD} watching HEPH here...seems undecided on direction here
[09:03] {dino} rvsn stopped w/slippage, ave .30, +.33
[09:03] {BillyD} gj dino
[09:05] {dino} ty
[09:05] {dino} kalu hmm
[09:08] {dino} locm
[09:08] {BillyD} no short here :(
[09:09] {dino} me niether
[09:09] {dino} ei
[09:11] {dino} mall
[09:15] {dino} meatloaf sandwiches are underrated
[09:28] {dino} .
[09:29] {Threei} we all run out to try that sandwich dino
[09:31] {Threei} NVDA .65 long
[09:31] {Threei} .49 stop
[09:31] {Threei} needs NQ help
[09:31] {magoo} BACK
[09:31] {Threei} uh oh
[09:31] {Threei} billy... hide
[09:31] {BillyD} ssshhhh
[09:31] * magoo slaps BillyD around a bit with a large trout
[09:31] * magoo slaps BillyD around a bit with a large trout
[09:31] * magoo slaps BillyD around a bit with a large trout
[09:31] {BillyD} tatttle tale
[09:32] {Threei} told ya
[09:32] {dino} asei l .77
[09:32] {dino} hl
[09:38] {dino} swhc
[09:41] {dino} gs green
[09:42] {dino} kalu l hl .60
[09:43] {dino} partial'
[09:44] {magoo} CRDC any read vad?
[09:45] {Threei} no entry points... but overall read is, it goes much higher
[09:54] {BillyD} Vad...did you take NVDA long....I couldn't tell if NQ was helping
[09:54] {BillyD} for e second it looked right
[09:54] {BillyD} a
[09:54] {Threei} was away for a min at the moment
[09:55] {BillyD} lucky you :)
[09:55] {Threei} just one stop more or less... I took enough of them over 11 years of trading not to care about another one :)
[09:56] {BillyD} good attitude
[09:56] {Threei} just part of trading
[09:57] {BillyD} the main question was whether I was reading the NQ correctly is all
[09:57] {Threei} I am afraid there is no read on it today at all
[09:57] {Threei} kid with crayon is out
[09:57] {Threei} TARR?
[09:57] {BillyD} he's been out many days
[09:58] {Threei} CLOSES $69.25M PROPERTY SALE AND REACHES UNDERSTANDING WITH LARGEST CREDITOR FOR REINSTATEM
[09:58] {dino} bcsi l trig .50
[09:59] {Threei} wow
[09:59] {dino} stop is .24
[10:02] {dino} out .20, +.70
[10:03] {Threei} LOCM .20 long if stays above .05
[10:07] {BillyD} I see no LOCM news
[10:08] {BillyD} TARR keeps going
[10:08] {dino} clwr l .06, stop lod
[10:09] {dino} rallllly
[10:10] {dino} we end green
[10:12] {magoo} long CRDC .79
[10:14] {dino} nvec stop to .40
[10:15] {magoo} waiting @ 13.04 crdc
[10:15] {magoo} stop 3.04
[10:15] {Threei} lol
[10:15] {magoo} recent support
[10:15] {BillyD} it's nice to see stocks moving nicely this week
[10:16] {dino} the optimist
[10:17] {Threei} sheesh TARR
[10:17] {BillyD} crying
[10:18] {BillyD} want mine back at .59 for small scalp
[10:21] {dino} out nvec .40, +.18
[10:37] {Chaeron} back... miss me? :)
[10:37] {BillyD} of course :)
[10:37] {BillyD} didn't know you were away
[10:40] {Threei} missed you... but we intend to aim better next time
[10:41] {BillyD} now that is misbehaving
[10:41] {BillyD} but fu8nny
[10:41] {Threei} hey, I earned my right to misbehave fair and square
[10:41] {Threei} and used it just once
[10:41] {BillyD} u did
[10:49] {dino} clwr stop is .09.
[10:49] {dino} gotta hop for an hour
[10:51] {Threei} TARR 2.61 long
[10:54] {dptl} where would be your stop?
[10:54] {Threei} not sure yet
[10:54] {Threei} depends on from where it sets up
[10:56] {BillyD} seems to be breathing
[11:02] {Threei} take a scalp if you want
[11:02] {Threei} hard to tell the potential
[11:02] {BillyD} I did thx.....all those offers
[11:02] {Threei} :)
[11:02] {Threei} dp?
[11:02] {BillyD} they skeered me
[11:03] {Threei} they have this skeery way
[11:03] {dptl} got it
[11:03] {Threei} :)
[11:07] {BillyD} must be seriously shorted
[11:08] {BillyD} 30% short on yahoo
[11:10] {Threei} whoever said to scalp it must be hooked through the upper lip and dragged through the streets by the truck
[11:10] {BillyD} tough one
[11:26] {BillyD} what's the command to drag somebody
[11:31] {BillyD} TARR seems ready for more
[11:32] {BillyD} kiss of death
[11:32] {Threei} lol
[11:33] {BillyD} HEPH short on .20
[11:33] {BillyD} what ya think Vad
[11:33] {Threei} chart looks right...
[11:34] {Threei} not many technicals work today
[11:34] {Threei} so, tough call really
[11:34] {BillyD} ok
[11:46] {Threei} getting interesing again, TARR
[11:47] {BillyD} .50 area
[11:58] {BillyD} vcan't tell onTARR
[12:14] {magoo} anyone in TARR?
[12:14] {BillyD} no
[12:17] {dino} darn clwr stopped me while out
[12:18] {dino} gs green again
[12:18] {dino} up we go
[12:24] {dino} or not
[12:24] {BillyD} lol
[12:24] {BillyD} optimist eh
[12:25] {BillyD} mkt hard to read
[12:28] {dino} lol bd
[12:28] {dino} lod's
[12:45] {Threei} OK guys, that was a good week
[12:45] {Threei} let's call it
[12:45] {Threei} have a great weekend
[12:45] {magoo} ty vad, u too
[12:45] {Threei} see you all on Monday
[12:46] {BillyD} u 2..cya monday
[12:50] {dino} later bd
[12:50] {dptl} see ya monday all
[12:51] {dino} wow clwr and i stopped flat
[12:59] {dino} out asei -.02
[13:06] {dino} take care all, had a godd one
[13:07] {dino} oo
[14:32] *** Disconnected
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Session Close: Sat Sep 08 00:00:00 2007