RealityTrader Trading Log

Tuesday, February 12, 2008

February 11, 2008

[08:30] {Threei} Good morning
[08:30] {cosmo} Brave New Week
[08:31] {Threei} and starts with raging enthusiasm
[08:31] {cosmo} al 5 of us
[08:31] {cosmo} all
[08:33] {Raven}
3 12345
[08:33] {Threei} hmm
[08:33] {Raven}
3 5F here too
[08:34] {Threei} so early, and conversation is already way too challenging for my math skills
[08:34] {Raven}
3 5}4}3}2}1}0
[08:35] {Threei} wow... 41F here
[08:35] {Raven}
3 0{1{2{3{4{5
[08:35] {Threei} stop it Raven please... you make my inferiority complex umm, more superior
[08:35] {Raven}
3 sigh
[08:35] {Threei} but the RoC is so miserable...
[08:36] {Threei} RoC = Rest of Canada
[08:36] {Raven}
3 I bet Winnepeg is killer cold today
[08:36] {Threei} -40F
[08:36] {Threei} and blizzard
[08:37] {Threei} as if temperature alone was not enough
[08:37] {Raven}
3 sheesh ... we had blizzard yesterday
[08:37] {Raven}
3 0F with snow and 45mph gusts
[08:38] {cosmo} gee ...that could help with skin complection is you apply sparingly
[08:38] {Threei} well... imagine the same with -40...
[08:38] {Raven}
3 -40F is insane
[08:38] {Threei} it is
[08:39] {Threei} but himan being can rationalize anything
[08:39] {Threei} human
[08:39] {Threei} as I did for years :)
[08:39] {cosmo} -40F is warm on Mars
[08:39] {Raven}
3 apparently because all kinds of people live in such places
[08:39] {Threei} yeah, all my friends with tentacles say that
[08:39] {Raven}
3 all relative eh, cosmo ?
[08:40] {cosmo} no family there...sorry
[08:40] {Raven}
3 sigh ... lol
[08:42] {cosmo} ETFC pre mkt action
[08:42] {Threei} yeah, had news
[08:42] {cosmo} ragged spikes
[08:42] {cosmo} 5.50?
[08:42] {Threei} MAKING PROGRESS ON TURNAROUND PLAN, SIGNED ASSET PURCHASE AGREMENT
- Signed an asset purchase agreement to sell the assets of RAA Wealth Management to PHH Investments.
[08:42] {Threei} - Company expects to generate approximately $80M in proceeds.
[08:42] {Threei} - Company is actively working to improve capital and liquidity. Management has identified non-core assets with high market demand that will create value for the franchise through the orderly sale of such assets. The Company has also streamlined certain corporate functions to red
[08:43] {Threei} reduce expenses and will allocate these savings, as planned, to growth initiatives for its core retail business.
[08:43] {Threei} - The RAA deal is expected to close in April 2008.
[08:44] {Threei} be back in 5
[08:49] {Threei} half out COIN +.20
[08:56] {esemde} Vad cos raven hawk jm....morning guys
[08:56] {Threei} morning ese :)
[08:58] {esemde} Was sure winding in your neck of the woods yesterday Vad.....
[08:58] {esemde} kids and i went out to the lego display at sydney museum
[08:59] {Threei} it was volatile ese... very nice one minute, windy next
[09:00] {Threei} if you were outside somewhere around noon you had an amazing view of enormous rainboqw
[09:00] {Threei} -q
[09:01] {Threei} YAHOO! BOARD OF DIRECTORS FORMALLY DECLARES THAT MICROSOFT'S PROPOSAL SUBSTANTIALLY UNDERVALUES YAHOO!
[09:01] {esemde} We saw that to the north......it was biggest one i can remember seeing
[09:01] {cosmo} Mt Saint Helens cam was buried in snow for the first time... i think
[09:02] {curtisweese} what about agn this morning? market tripped out over botox news, but it was nothing. stock is down 6% or so on Friday. I was thinking it will bounce back up this morning since the CEO came out and explained that the FDA thing was nothing related to cosmetic botox. your thoughts?
[09:03] {dptl} good morning all
[09:03] {Threei} curtis, dp :)
[09:04] {Threei} who knows curtis... observe price action and look for setup, filter out all that noize
[09:04] {esemde} curtis dp
[09:04] {lumdus} gm to all
[09:04] {Threei} lum :)
[09:04] {Threei} news is the reason to look, not a sole reason to enter
[09:05] {lumdus} trading before market i see.
[09:05] {Threei} offering second half of COIN at 10.10, someone just bought 99 shares
[09:05] {Threei} 401 left
[09:06] {lumdus} ill buy 3 of your shares.
[09:06] {Threei} feel free, there are offered out there at 10.1
[09:06] {Threei} hidden Island
[09:08] {Threei} FSLR BOFA POSITIVE AHEAD OF EARNINGS, REITERATES BUY AND $300 PT
- we believe FSLR's 4Q07 EPS should come closer to our Street-high estimate of $0.64 than the
[09:08] {Threei} Street's $0.53 estimate.
[09:17] {esemde} $300 target for FSLR ehh,,,,
[09:17] {esemde} that should help solars
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:21] {cosmo} LCAV: LCA-Vision Earnings Conference Call (live today at 10:00 am ET)
[09:21] {cosmo} LCA Vision cuts jobs, posts lower Q4 earnings
[09:21] {cosmo} at Reuters (Mon 7:56am)
[09:22] {cosmo} LCA Vision beats by $0.01, misses on revs
[09:22] {cosmo} Briefing.com (Mon 7:11am)
[09:23] {magoo} morning, tundra here today
[09:23] {Threei} magoo :)
[09:25] {Threei} [SUF] Sulphco, Inc. Signs agreement with Pt. Isis Megah SUF
[09:25] {Threei} - Signed an agreement with Pt. Isis Megah, an Indonesian oil and gas services company, which grants Isis an exclusive distributorship in the sales territories of India, Malaysia, Singapore and Indonesia.
[09:27] {dino} back in 20
[09:27] {magoo} when FSLR reort}??
[09:28] {magoo} report
[09:28] {magoo} watching RIMM vad?
[09:28] {Threei} not yet
[09:28] {magoo} man, nice clean office, desk lol
[09:29] {magoo} when FSLR report anyone??
[09:29] {hawkfan4} 2/13
[09:30] {Threei} out rest of COIN 10.08
[09:30] {magoo} really, ty hawk, sames as BIDU
[09:30] {Threei} +.28
[09:33] {Threei} solf
[09:33] {Threei} 16.50 long half lot if stays above .25
[09:35] {Threei} anyone took COIN with me overnight?
[09:35] {magoo} i don't go there
[09:36] {magoo} the 1 time i do...it will kill too
[09:36] {Threei} it'sd OK, just wanted to provide follow-up in case someone did and still hasn't sold
[09:36] {esemde} not I sir....did you you that late friday
[09:36] {Threei} yes, right before close
[09:37] {magoo} when naz breathes..aapl will be short scalp
[09:37] {magoo} missed it
[09:37] {Threei} SDTH half lot long 14.15
[09:37] {Threei} stop under 13.95
[09:37] {bruce} nvda long?
[09:38] {Threei} .51
[09:38] {Threei} stop under .30
[09:38] {Threei} NQ drops, see if can get lower price
[09:39] {magoo} pretty good pullbk herein naz
[09:39] {magoo} careful
[09:40] {dptl} stopped nvda
[09:40] {Threei} dp, you don't watch nasdaq?
[09:40] {Threei} why jump in right into sharp selling?
[09:41] {lumdus} short all 56.02
[09:41] {dptl} ye.... i know
[09:42] {esemde} ETFC bstop 5.38
[09:42] {lumdus} stop on all b/e
[09:42] {esemde} needs to stay above .25
[09:43] {Threei} .21 long NVDA if holding above .10
[09:45] {Threei} can't raise its head, and NASDAQ continues down
[09:45] {lumdus} stop on all 45.86
[09:46] {esemde} small shares 300 by the way
[09:46] {esemde} it's got that Alan Farley...spring loaded look to it Vad
[09:47] {Threei} requires more patience than I am capable of :)
[09:47] {Threei} VLNC approached Fri high
[09:48] {esemde} thats why the small shares ...it can sit there for a while
[09:48] {esemde} needs to stay above .25 though ...that ain't looking too good
[09:48] {lumdus} sumbol ALl , you die now horribly ok
[09:49] {lumdus} stock ALL die !
[09:49] {Threei} NFLX'
[09:49] {Threei} 27 break long
[09:49] {Threei} stop under .85
[09:49] {Threei} half lot
[09:49] {magoo} nvda back in play?
[09:50] {Threei} nah
[09:50] {magoo} SOLF?
[09:51] {esemde} yep approaching highs of day magoo
[09:51] {Threei} SOLF requires strong market... not what we see so far
[09:53] {Threei} KLAC 42 short half lot
[09:53] {esemde} agreed Vad.....as you said last week or the week before....follows market much more now
[09:53] {lumdus} stop on all 45.74 now.
[09:53] {lumdus} out all 45.57
[09:53] {lumdus} out all 45.47 + .53 to start
[09:54] {Threei} good one lum
[09:54] {lumdus} tx boss
[09:54] {magoo} sh klac
[09:54] {esemde} all the solars do these days....they are not acting independantly anymore
[09:54] {magoo} 42
[09:56] {Threei} KLAC drops even as NQ upticks
[09:56] {Threei} interesting
[09:56] {Threei} maybe worth more than scalp
[09:56] {magoo} i noticved that
[09:56] {Threei} original intention was scalp but going to change it to half out
[09:57] {Threei} covered half
[09:57] {Threei} .82
[09:57] {dptl} out +.18 klac ty
[09:57] {Threei} stop 42.05
[09:57] {Threei} welcome
[09:58] {magoo} waiting .62
[09:58] {Threei} protected part mags?
[09:59] {magoo} yes
[09:59] {Threei} :)
[10:00] {lumdus} in amat 18.30 sto 18.16
[10:00] {Threei} out balance KLAC
[10:01] {cosmo} CSIQ hod = 19.94 fyi
[10:02] {lumdus} go amat. nice good boy
[10:03] {lumdus} stop on amat 18.24
[10:04] {dino} aey l .35, stop .99
[10:05] {cosmo} CSIQ needs to hold 19.50 imo
[10:07] {lumdus} stop on amat 18.29
[10:08] {Threei} wierd thing with semis today
[10:08] {Threei} KLAC, NVDA
[10:08] {Threei} see disconnect with market?
[10:08] {lumdus} yeah, really wierd. over there.
[10:09] {lumdus} out amat -.01
[10:10] {esemde} ack acka dak....dak acka ack.....magic words from Bugs Bunny.,....don't think it's going to help ETFC though...pulling bstop
[10:14] {bruce} nflx trying to break again
[10:14] {Threei} VLNC, break of .35 deserves a try for a swing trade, IMO
[10:14] {Threei} it can take several tries to find right entry
[10:15] {Threei} two possible ways to do that:
[10:15] {Threei} 1, take .35 break, keep stop under 2
[10:15] {Threei} let it trade and see if it can take .55, high from that news days
[10:15] {Threei} 2. keep stop under .25,
[10:16] {magoo} yes
[10:16] {Threei} be ready to dump and look for another entry either on bigger pullback or on big break of .55
[10:16] {magoo} laser crashing here
[10:16] {Threei} ?
[10:17] {magoo} server please charts and quotes
[10:17] {magoo} i blank
[10:17] {Threei} 2
[10:17] {Threei} charts 5
[10:17] {Threei} works fine
[10:18] {bruce} mine working too mags
[10:18] {Threei} as you know fundamentals is not my world... so do your DD on VLNC
[10:18] {magoo} ok, my side '
[10:18] {Threei} and feel free to share your findings
[10:21] {bruce} tgt looks weak
[10:26] {dino} jbss s .00, sm, stop .37
[10:27] {dino} lcav l sm .45, stop .09
[10:27] {esemde} ack acka dak....dak acka ack.....hmmmmmVLNC is moving like ETFC....magic words won't help
[10:28] {Threei} NASDAQ looks like going down more but usual followers don't look like a vehicle today
[10:28] {dino} tuck 'em in bugs...es
[10:28] {dino} alog sm l .90
[10:28] {Threei} so, watching QID with idea of long on pullback, desirable close to .60
[10:29] {esemde} in a small way most solars are not following the nas....
[10:29] {dino} stop .63
[10:29] {esemde} my solar screen is almost all green
[10:29] {esemde} it's like they are just waiting for an excuse
[10:30] {Threei} closest support is .50 QID
[10:30] {lumdus} in jcp 48.35
[10:30] {lumdus} sto p48.17
[10:30] {dino} jbss tighten bstop to .22
[10:30] {dino} not worling
[10:31] {Threei} half out QID
[10:31] {dino} stopped jbss major slip, ave -..27
[10:32] {bruce} yes dino - same - looked good
[10:32] {bruce} going to watcvh it for antoerh setup
[10:33] {dptl} vrsn?
[10:33] {lumdus} ok, jcp time to work already. I
[10:33] {Threei} stop to .54 QID
[10:33] {dino} pnm ouch
[10:33] {dino} me too bruce
[10:33] {dino} good stop
[10:34] {dino} wbmd
[10:34] {Threei} not sure dp
[10:34] {Threei} looks OK for a scalp
[10:34] {Threei} out QID balance
[10:35] {dptl} ok ty....missed it
[10:35] {Threei} no attempt to hold works so far
[10:36] {lumdus} JCP stop 48.30
[10:36] {bruce} wbmd dino
[10:37] {dino} aey tighten stop to .19, not moving
[10:40] {dino} watching it
[10:40] {dino} wbmd bruce
[10:40] {lumdus} out jcp .29 - .07
[10:40] {dino} i wanted it a buck lower
[10:42] {Threei} VNUS?
[10:42] {Threei} no news that I sdee
[10:42] {Threei} probably just picks up some momentum on Frday's news
[10:43] {dino} anik
[10:43] {dino} nah
[10:44] {dino} icfi?
[10:44] {bruce} aig dino
[10:45] {dino} cdo issues
[10:48] {dino} aig feels like 40, but jumpy on the way
[10:48] {Threei} VLNC slowly climbing... really feels like callsing under-the-radar accumulation
[10:49] {Threei} callsing?
[10:49] {Threei} my typing hits new lows
[10:49] {Threei} that was supposed to read "classic"
[10:49] {dino} wow:)
[10:49] {Threei} lol
[10:50] {magoo} and even worse...i read it as classic lol
[10:50] {Threei} that's real wow
[10:53] {magoo} aapl going for 129
[10:53] {dino} lcav tighten to .15 not working
[10:54] {dino} out lcav .18, -.27
[10:54] {dino} rinsed up slippage
[10:54] {dino} f*job
[10:55] {Threei} RIMM long on pullback under 93
[10:56] {Threei} the closer to 92.5 the better
[10:56] {lumdus} rimm looks right
[10:56] {lumdus} but wonder if we see pullback
[10:56] {magoo} l aapl .49
[10:56] {Threei} no pullback... .20 would be break setup
[10:56] {Threei} not fond of those on RIMM
[10:56] {Threei} but in strong market could work
[10:57] {magoo} waiting .75
[10:57] {Threei} if you go for it, stop is under 93 of course
[10:57] {Threei} those who placed VLNC stop at .25 got 1:1
[10:58] {magoo} waiting .87
[11:00] {magoo} out .71, chamnged minf
[11:00] {magoo} mind
[11:00] {magoo} + .something
[11:00] {lumdus} in rimm 92.77 stop .64
[11:01] {dino} hayn
[11:02] {lumdus} if rimm gets back under .70 i get out
[11:03] {magoo} watch naz with rimm lum
[11:04] {magoo} its a little stronger than naz today
[11:04] {lumdus} yes, but rimm is overall strong today. and it's really the best bet
[11:05] {magoo} agrree
[11:05] {lumdus} i have my stop .69 now. so either i get it or .07 damage
[11:05] {dino} sm ivgn l .90
[11:06] {magoo} l rimm .97 ..just now
[11:06] {lumdus} stop on rimm 92.89 (lock in some profit)
[11:06] {magoo} out .23
[11:07] {lumdus} .10 trainling stop on mine
[11:07] {magoo} + something
[11:07] {magoo} fast
[11:07] {lumdus} out .23 + .55
[11:07] {lumdus} tx vad for rimm
[11:07] {Threei} good job guys
[11:07] {magoo} how u figure that out lum?
[11:07] {magoo} + .55?
[11:07] {lumdus} what i got in 92.77
[11:08] {magoo} so, what am i plus?
[11:08] {Threei} hehe
[11:08] {lumdus} i don't know.. maybe we both can't count.
[11:08] {Threei} his math abilities are same as yours and mine, mags
[11:08] {magoo} he he vad
[11:08] {lumdus} ok, i am +.46 ..
[11:08] {Threei} no, better
[11:08] {Threei} took him just two attempts
[11:09] {Threei} would take me 3 with calculator
[11:09] {magoo} i don't even try..
[11:14] {lumdus} enough for me now. be back later.
[11:19] {bruce} dino - could try lcav here w stop under 14
[11:20] {Threei} another market spike seems to be coming
[11:20] {bruce} shoot - too late - missed it
[11:20] {dino} ivgn stop to .20
[11:21] {dino} out ivgn .20, +.30
[11:21] {bruce} l aig .23
[11:21] {Threei} here we go
[11:26] {dino} arii
[11:27] {dino} icfi sm s .60
[11:27] {dino} cov alog .23, +.33
[11:27] {dino} out i mean
[11:33] {magoo} bounce time imo
[11:34] {magoo} not in
[11:37] {Threei} can't tell between reversal and lousy bounce here
[11:37] {Threei} sitting on a sideline for now
[11:40] {magoo} me too
[11:40] {magoo} could roll hard
[11:40] {dino} hayn sm s .24
[11:41] {Threei} NYNY
[11:41] {Threei} CONCLUDE AGREEMENT TO DEVELOP A $700 MILLION ENTERTAINMENT AND GAMING COMPLEX IN THE CATSKILLS WITH CONCORD ASSOCIATES- Under the agreement, a world-class gaming and entertainment facility will be developed at the site. The centerpiece of the project is a $700 million "Entertainment City," which is expected to include a 100,000 square foot gaming area, convention center, hotel, golf , retail stores, restaurants and various family entertainment activities. The 1.5 million-square foot facility has already
[11:41] {Threei} received required zoning and final site plan approvals. The gaming floor will be built within the hotel, adjacent to a new 5/8th mile, state-of-the-art harness track. Upon approval and completion of construction, the company expects to more than double Empire's current contribution to New York State to approximately $70 million per year, which goes to fund education
[11:42] {bruce} wow vad
[11:42] {Threei} how about that
[11:43] {bruce} you're a fast typist today
[11:43] {Chaeron} and not one mispelling or error
[11:45] {bruce} hayn stop .60?
[11:45] {Threei} AAPL RUMOR CIRCULATING THAT APPLE IS CONSIDERING ENTERING THE HANDHELD VIDEO GAME MARKET{SNE}
[11:46] {bruce} that'll be apple boy
[11:47] {curtisweese} jeez where is the market going today
[11:47] {Threei} yes
[11:48] {dino} hayn sdtopped .50, =-.26
[11:49] {Threei} AMZN bounce scalp from under 74
[11:50] {Threei} if never loses it will miss the play
[11:50] {Threei} not feeling comfortable enetring here
[11:50] {Threei} market stages these hideous sharp drops
[11:51] {magoo} should have shorted it to under 74
[11:51] {magoo} .30 plus cents
[11:51] {Threei} hmm?
[11:51] {Threei} it's still above 74
[11:52] {magoo} was like .40 area on your call
[11:52] {Threei} are we talking the same stock? :)
[11:52] {bruce} wbmd l .46 small
[11:52] {magoo} i believe we are
[11:53] {dino} nihd
[11:54] {dino} lol bruce i'm waiting .30
[11:54] {bruce} smart man dino
[11:55] {dino} lol
[11:56] {dino} got it now
[11:56] {dino} big drop
[11:57] {dino} icfi bstop to .29
[11:59] {dino} icfi to .21
[11:59] {bruce} yes - quick dump - definitely like your entry better
[11:59] {dino} risky, strange nihd s sm .06
[12:00] {dino} icfi to .15
[12:02] {dino} icfi stopped +.45
[12:02] {dino} covered ave .15
[12:04] {dino} cov nihd .66, +.40
[12:04] {Threei} nice dino
[12:05] {Threei} batting average is way above average eh?
[12:06] {dino} 3 misses, 4 hits, about average
[12:06] {dino} altho hits bigger
[12:07] {dino} wbmd wants .80 imo bruce
[12:08] {Threei} NYNY is holding unusually well
[12:08] {Threei} this thing loses all its gains quickly,
[12:08] {Threei} today it shows more stamina
[12:09] {Threei} .50 break long if holding above .30
[12:09] {bruce} hope so dino
[12:11] {curtisweese} broke it for a second...but then dropped
[12:13] {dino} argn spike
[12:14] {dino} not enough
[12:17] {curtisweese} what you doing with nyny now? last time it spiked like this it tanked same day....scary
[12:18] {dptl} stopped nyny
[12:18] {Threei} just got stopped curtis, lost support
[12:19] {Threei} what is scary? keep your stops, don't let them harm you more than predetermined amount you are willing to put at risk
[12:23] {magoo} shit stock imo
[12:23] {Threei} yup
[12:23] {bruce} lol mags
[12:23] {magoo} got me too
[12:23] {bruce} such colorful language
[12:23] {magoo} always does
[12:24] {bruce} pos
[12:26] {dino} argn
[12:27] {bruce} looks good dino - you thinking to short argn here?
[12:28] {dino} waiting at .98
[12:28] {bruce} k
[12:29] {curtisweese} if it drops to .98 then short, right?
[12:30] {dino} nooooo, i am waiting to short at 18.98
[12:30] {curtisweese} lol
[12:30] {Threei} dino trades reversals curtis
[12:31] {dino} because my mind is a "untrusting"
[12:31] {Threei} are you implying we trend followers are gullibble?? :)
[12:32] {dino} c'mon, no, "so i married an axe muderer" groupues
[12:32] {magoo} who is this dno of which u speak?
[12:33] {dino} not implying anything vad, you know me, find something that works...a million ways to do it
[12:33] {dino} icfi pops again
[12:33] {Threei} just pulling your chain
[12:34] {dino} i know
[12:35] {dino} hmm, i thought at least rfr had seen that movie
[12:36] {Threei} RIMM 93 break long
[12:36] {Threei} stop under .75
[12:37] {bruce} dino ges short?
[12:37] {dino} dji hod
[12:37] {dino} dk, seems too gradual bruce
[12:38] {Threei} 1:1 RIMM
[12:38] {bruce} k dino
[12:39] {dino} we want violent spikes/pullbacks
[12:39] {Threei} 1:2, out in full +.46
[12:39] {magoo} out RIMM .44 TY
[12:39] {Threei} welcome sir
[12:40] {magoo} u nailing RIMM vad..screw tthat NYNY stuff
[12:40] {dino} indeed
[12:41] {Threei} RIMM isn't for everyone mags...
[12:41] {dino} niether is beer
[12:41] {magoo} i LUV trading it...REALLY
[12:41] {Threei} and when NYNY type of stuff starts working, it works like crazy
[12:42] {Threei} after all, all those manias we were getting in tha fall were exactly tyhis type
[12:42] {Threei} remember how they worked?
[12:42] {Threei} things go in cycles, their time will come again
[12:43] {magoo} don't remember..lol
[12:43] {Threei} oh
[12:43] {Threei} I forgot :)
[12:49] {dino} wbmd stop to .70
[12:49] {dino} stopped +.50
[12:49] {dino} too tight
[12:51] {bruce} yes - took it off table too dino for small win
[12:52] {dino} keep an eye out for db on it
[12:53] {bruce} out aci long +.35
[12:54] {Threei} RIMM is close to resistance after spike, what NQ for drop to short RIMM
[12:54] {Threei} what = watch
[12:55] {dino} gj bruce
[12:55] * magoo slaps bruce around a bit with a large trout
[12:56] {bruce} thanx guys
[12:56] {magoo} i bet its cold where u are bruce
[12:56] {bruce} not mags
[12:56] {magoo} sh .97
[12:56] {dino} brb
[12:56] {bruce} freeeeeeezing
[12:56] {Threei} in, stop .11
[13:00] {Threei} out
[13:00] {Threei} too strong
[13:00] {magoo} yeah out
[13:05] {bruce} taking break
[13:06] {Chaeron} I hate to go all but I have to... kick some market ass
[13:07] {esemde} see ya chaeron
[13:07] {magoo} bye chaer'
[13:11] {Threei} CREE 34 break long if stays above .85
[13:11] {Threei} only with market help
[13:23] {Threei} PRESIDENT BUSH: ECONOMY IS STRUCTURALLY SOUND FOR LONG-TERM; STIMULUS WILL HELP THE ECONOMY DEAL WITH UNCERTAINTIES IN SHORT TERM
[13:23] {dino} aey boring stock stop to b/e
[13:24] {lumdus} bush stim packages. everybody get $600.00 a nice joke
[13:28] {esemde} signing off gentleman...opps and ladies...see ya tomorrow
[13:28] {Threei} take care ese :)
[13:28] {dino} otex
[13:29] {Threei} market spikes again, let's see if CREE is capable of breaking that wall
[13:34] {bruce} back
[13:39] {curtisweese} cree is trying .....lol
[13:40] {dino} ivgn l .50
[13:40] {Threei} {CREE} why are you laughing at me?
[13:41] {dptl} ya...my finger is turning blue
[13:41] {Threei} lol
[13:43] {Threei} too bad it's not shortable
[13:43] {curtisweese} now you want to short CREE ...poor CREE
[13:45] {Threei} it's a long if breaks 34 and short if can't - but with such tight stop I wouldfeel comfortable taking short position and closing it and switching to long if it breaks
[13:46] {Threei} however since you are unavailable for shorting, CREE, how about you indulge us and set up long?
[13:47] {curtisweese} that block at 34 is getting really small now finally! :)
[13:47] {Threei} I dunno about getting small... MADF and BOOK dtill show quite a size
[13:48] {Threei} dtill = stil
[13:48] {Threei} l
[13:51] {Threei} here we go
[13:52] {Threei} come on CREE
[13:52] {Threei} move your heavy butt
[13:53] {lumdus} hmm, you see something moving vad.. interesting :)
[13:53] {curtisweese} i got in at 34
[13:53] {dptl} stop .85?
[13:53] {bruce} die creee
[13:53] {Threei} yes dp
[13:53] {Threei} just under
[13:53] * Threei slaps bruce around a bit with a large trout
[13:58] {Threei} poor dp... his finger went blue on entry, now it goes dark blue waiting for exit
[13:58] {dptl} lol
[14:00] {bruce} otex looks like short now dino
[14:01] {Threei} 1:1 for some finger relief dp... you may want to apply hydrocortizon to that
[14:01] {dino} can't get it
[14:01] {dptl} i'm out +.14
[14:01] {dptl} ty
[14:01] {Threei} welcome... sorry about body harm, didn't mean to cause that
[14:02] {dptl} lol
[14:02] {Threei} I'll try to compensate with some extra shishkebab when you are visiting island :)
[14:03] {dptl} sounds great
[14:03] {bruce} me either - just as well - still rising for moment
[14:04] {bruce} wbmd back to low dino
[14:04] {dino} wbmd?
[14:04] {dino} y, db on it?
[14:05] {bruce} probably will go lower at this point is my thgought
[14:05] {dino} i took it at .06, sm l
[14:05] {bruce} k
[14:07] {dino} too soon
[14:07] {bruce} yep
[14:08] {bruce} going to just watch it for a bit here
[14:09] {bruce} I exptected it to break 30 earlier - when it didn't got me thinking it was still pretty weak
[14:09] {dino} you were right
[14:10] {dino} m,y stop is .66
[14:10] {dptl} vrsn again
[14:12] {Threei} TASR?
[14:13] {Threei} no news that I see
[14:14] {curtisweese} tasr, foreign country big order
[14:14] {curtisweese} on cnbc now
[14:14] {bruce} probably canada curtis
[14:15] {bruce} we need a bunch of them to keep vad in line
[14:15] {Threei} shesh
[14:15] {Threei} that's 7:30 am news
[14:15] {Threei} pretty much stalled now
[14:16] {bruce} rimm wants to go long
[14:16] {Threei} too bad it's not shortable
[14:16] {Threei} TASR I mean
[14:18] {lumdus} i want to short amzn on a bounce.. but don't look like one
[14:19] {Threei} should bounce now
[14:19] {lumdus} have short amzn 75.35 if possible
[14:19] {Threei} closest resistance for stop placement is .50
[14:20] {lumdus} yeah, that's why i though .35 .. but i doubt i'll get it. looks damm weak. very weak
[14:20] {Threei} market weakens more, yeah
[14:20] {Threei} but you know how it goes these days
[14:21] {Threei} everything looks ready to go to hell in basket, and we are getting bounce, then new highs, lol
[14:21] {lumdus} you said that right.
[14:22] {dino} aey stopped -.02
[14:23] {lumdus} long csx 48.65
[14:23] {lumdus} stop on csx 48.47
[14:23] {Threei} DRYS
[14:24] {Threei} HEARING NEGATIVE CHATTER FROM BOUTIQUE FIRM CONCERNING POSSIBLE WHISTLEBLOWER CASE (
[14:26] {lumdus} short amzn 75.14 stop 75.29
[14:28] {dino} ivgn stopped -.33
[14:28] {lumdus} tighten amzn stop to 75.26 if it don't go now.. don't like it
[14:29] {Threei} time for it to lose 75...
[14:30] {lumdus} i am pushing it hard.. don't know why it no go
[14:31] {lumdus} ok, now bamm
[14:31] {bruce} trying ivgn long here dino w stop under 86
[14:32] {lumdus} amzn stop 75.21
[14:32] {lumdus} not a convincing drop on amzn yet.
[14:33] {lumdus} amzn go down csx need to go up and then both good boy
[14:33] {lumdus} amzn stop b/e 75.15 csx, stop 48.56
[14:37] {lumdus} stop on amzn 75.04 (protect some profit)
[14:43] {Threei} guys, watch AMZN level 2 please, want to show you something
[14:43] {magoo} k
[14:43] {lumdus} ok..
[14:43] {lumdus} out amzn +.10
[14:43] {lumdus} watching now..
[14:44] {curtisweese} nyny heading towards 2.50 if that matters still :)
[14:44] {lumdus} stop on csx 48.62
[14:45] {Threei} here it is
[14:45] {Threei} the pattern that I wanted to show you:
[14:45] {lumdus} what pattern ?
[14:46] {Threei} bids and offers move in a kind of ladder way,
[14:46] {Threei} while there is no real movement and very few prints,
[14:46] {Threei} they (bids and offers) move by 10-15 cents quickly up and down
[14:46] {Threei} usually it happens when NQ stalled
[14:46] {Threei} so there is no real move,
[14:47] {Threei} and sometimes it happens during the move, kind of sudden shakeout.
[14:47] {Threei} many attribute this phenomenon to program trading
[14:47] {Threei} computer-generated move
[14:47] {Threei} whatever it is, it has two uses
[14:48] {Threei} first, for "normal" trading it oftne gives a better entry or exitr
[14:48] {lumdus} but sheake us out alot
[14:48] {Threei} if you trade this kind of stocks often, you surely observed this
[14:49] {Threei} second, when you don't have anything else to trade and market is locked in tight range or uncertain,
[14:49] {Threei} those teleporting bids and offers can be used for a quick scalp
[14:49] {Threei} smal but very quick and easy
[14:49] {curtisweese} there went nyny spike
[14:49] {Threei} those program generated bids and offers are usually thin and there are 3-5 of them
[14:50] {lumdus} vad, you need to move very fast and i found that you can't real sell them .. unless you have very small lot.
[14:50] {Threei} so position should be small enough to grab the liquidity shown on level 2
[14:50] {lumdus} anything more then 1K it's really not good for.
[14:50] {Threei} even 1K will probably be too big for this kind
[14:51] {Threei} it's for a quick small money
[14:51] {lumdus} right
[14:51] {Threei} kind of lunch money
[14:51] {Threei} but then again... 1K for this kind of stocks is too big for most traders anyway
[14:52] {lumdus} csx stop b/e 48.65 .. damm what a slow stock
[14:52] {Threei} and btw lum... I don't know what you mean by "can't really sell to them"
[14:52] {Threei} I do
[14:52] {Threei} gotta be very fast, yes
[14:52] {Threei} on both entry and exit
[14:54] {Threei} I don't suggest it as method of trading for everyone or for all times, it's for those who want to extract some small quick money while there is nothing else to do, and who can trade in and out of position very quickly
[14:54] {Threei} mags
[14:55] {Threei} look at NYNY...
[14:57] {magoo} yeah
[14:57] {lumdus} out csx +.05 crap get move
[14:58] {dino} decc
[14:58] {dino} i hear ya lum
[14:59] {lumdus} yeah, dino. let me find my next target
[15:00] {dino} clumsy moves today, either gappy or nothing
[15:00] {dino} not my type of mkt
[15:02] {dino} back in 10
[15:04] {lumdus} short wlp 75.54 stop 75.61
[15:07] {magoo} vad, what u looking at in last hour?
[15:08] {Threei} shamelessly scalped NYNY couple times
[15:09] {Threei} lookinf at UDRL, trying to see if there is anything to do with it
[15:10] {Threei} toughie... would prefer it to finish here and break out tomorrow
[15:10] {Threei} that would be a trade I'd take with my eyes closed
[15:10] {Threei} break today, not sure
[15:14] {Threei} SOLF,
[15:14] {Threei} .60 support,
[15:14] {Threei} FSLR makes new highs,
[15:14] {Threei} if NQ turns up again too, worth a try
[15:15] {Threei} the closer to .60 the better
[15:15] {Threei} WHITE HOUSE ECONOMIC ADVISOR LAZEAR: DOES NOT THINK THE US IS CURRENTLY IN RECESSION, GROWTH REMAINS POSITIVE - WIRE HEADLINE- Has not seen long-term unemployment trending higher, about at level of mid 90's
[15:16] {Threei} SIX US LENDERS TO RELEASE PLAN TOMORROW TO STOP FORECLOSURE ON SOME DELINQUENT BORROWERS
[15:21] {lumdus} watching WLP is like watching paint dry
[15:24] {lumdus} tried to get rimm on pullback. i think will have nice eod run
[15:24] {lumdus} in rimm 94.72 stop 94.57
[15:28] {dino} mall l .49 stop lod
[15:29] {lumdus} common rimm. you are my last trade of the day. show me you work hard..
[15:30] {Threei} anyone got SOLF, look for exit on the next spike and don't let it lose .90 on you
[15:30] {lumdus} .62 stop on rimm
[15:34] {dino} cplp
[15:35] {lumdus} out rimm -.10 done for the day
[15:35] {lumdus} goodnight all. overall crappy slow market
[15:35] {magoo} c u lum
[15:35] {Threei} take care lum
[15:36] {dino} later lim
[15:36] {dino} lum
[15:36] {bruce} bye lum
[15:43] {Threei} day after day I am looking at IDMI and for the world of me can't find clean short entry
[15:46] {dino} wbmd stopped flat
[15:46] {bruce} gutsy trying it again dino
[15:47] {dino} pain in the azz
[15:47] {bruce} yes
[15:48] {dino} mall stop to .59
[15:49] {dino} to .63
[15:51] {Threei} 1800 is kind of defining level for NQ
[15:51] {Threei} stalled right when it hit it today
[15:51] {dino} to .67
[15:51] {Threei} if breaks it tomorrow with determination, will probably stage another rally
[15:52] {Threei} which means magoo will buy all RIMM there is, so we are left with nothing to play
[15:53] {dino} artc spike
[15:55] {dino} mall to .74
[15:56] {Threei} OK guys, thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:57] {dino} cya vad
[15:57] {magoo} ty vad
[15:57] {bruce} night vad
[15:58] {Threei} Wed is BIDU and FSLR
[15:58] {bruce} you trade em his late in day dino?
[15:59] {dino} out mall .77, +.23
[16:00] {dino} opps, +.28
[16:01] {dptl} have a good evening all
[16:01] {dino} y bruce, why not
[16:03] {bruce} just asking dino market dries up on close - haven't had much success with pre and post market stuff
[16:04] {dino} np bruce, just my thinking "why not", i usually have to get out of something, sometimes they move into close (probably because of traders like me )
[16:07] {bruce} lol k
[16:07] {dino} cutr crushed
[16:07] {bruce} have seenlots of quick moves into close
[16:07] {bruce} but always try to get flat on close
[16:07] {bruce} toght day\you do OK
[16:07] {bruce} ended flat
[16:07] {bruce} couldn't get reversals to work today
[16:08] {dino} yes up about 400, below what i'm supposed to get
[16:09] {bruce} k - glad it still worked out
[16:10] {bruce} basically - with your style
[16:10] {bruce} looks like we want to ry to grab em all
[16:10] {bruce} and with luck
[16:11] {bruce} we get 1 or 2 nice ones a day average
[16:11] {dino} yes, usually i get one that takes care of most of my daily
[16:12] {dino} thats the one magoo never takes
[16:12] {magoo} u up today bruce?
[16:12] {bruce} flat today mags
[16:14] {magoo} i had daily goal @ noon..lost all afternoon
[16:14] {magoo} down 500
[16:15] {bruce} sorry mags
[16:15] {bruce} kind of choppy market today
[16:17] {bruce} you ever use constant tick charts dino?
[16:21] {dino} level II and I
[16:23] {bruce} k -same
[16:23] {dino} charts, 1 min, 3 min on 1 day, 3 min. 5 day, weekly/52, weekly 104
[16:26] {bruce} k
[16:27] {bruce} no weeklyavailalbe in laser
[16:27] {bruce} just use intraday and daily
[16:28] {dino} can you get 5 day, gives pretty good targets/ranges
[16:31] {bruce} k - good idea - never tried 5 day range before
[16:37] {dino} take care all
[16:37] {bruce} just adjusted charts
[16:37] {bruce} thanx dino
[16:38] {bruce} yep - night all
[16:38] {dino} it helps w/stop levels
[16:38] {bruce} I was only showing 1 day in my intraday
[16:38] {bruce} I see your point now in looking at the chart revisions
[16:39] {bruce} night
[16:39] {dino} i use both, 1 and 5, only a click away
[16:39] {dino} gn
[16:39] {magoo} gn bruce