RealityTrader Trading Log

Tuesday, May 6, 2008

May 06 2008

Session Time: Tue May 06 00:00:00 2008

[08:19] {Threei} FED FISHER SAYS FED SHOULD NOT EASE UNLESS DRAMATIC ECONOMIC SLOWDOWN; FIRMING DEPENDS ON COOLING INFLATION WITHOUT WORSE ECONOMIC ANEMIA
- Must think through when time for interest rate increase
[08:19] {Threei} - USD rebound and lower gold prices suggest confidence in FED on inflation
[08:19] {Threei} - Inflation remains a concern despite anemic economic growth
[08:19] {Threei} - takes FOMC statement at face value, sees risks on both sides
[08:34] {Threei} An analyst at Goldman Sachs said overnight that the possibility of $150- $200/barrel oil prices seems increasingly likely over the next 6-24 months, and as a result raised their 2008 oil price forecast to $108 from $96, and raised the 2009 oil price forecast raised to $110 from $105.
[08:45] {_aosdaveg} morning
[08:45] {Threei} hey dave
[08:48] {Onix} Good morning
[08:48] {Threei} onix :)
[08:55] {dptl} good morning all
[08:55] {Threei} dp :)
[08:56] {dptl} :) did i miss anything yestarday
[08:56] {Threei} quite a good day
[08:56] {Threei} RIMM behaved like it raraely does
[08:56] {Threei} 4 or 5 trades on it, no stops
[08:56] {Threei} VNDA put quite a show
[08:56] {magoo} morning
[08:56] {Threei} magoo :)
[08:57] {dptl} nice..
[09:01] {Threei} AMZN
[09:01] {Threei} JEWELRY STORE RETAIL DIAMOND SALES UP MORE THAN 100% IN Q1
[09:01] {Threei} what recession? people are buying jewelry
[09:09] {fernp} good morning
[09:09] {Threei} fernp :)
[09:16] {Threei} be back in 5
[09:20] {Onix} maybe AMZN sold only one item last Q and 2 in Q1
[09:21] {dino} gm all
[09:22] {fernp} gm dino
[09:23] {Threei} dino :)
[09:23] {Threei} lol ponix
[09:23] {Threei} that would ultimate creative accounting eh
[09:23] {Threei} keeping an eye on VNDA
[09:23] {Threei} yesterday's high 5.90
[09:24] {pita} gm everyone
[09:24] {Threei} pita :)
[09:24] {Threei} ideally I'd like to see it consolidating quietly for a while, trying resistance couple times, then exploding through it
[09:24] {Threei} that would fuel another round of frenzy buying
[09:30] {GeoArb} gm
[09:30] {Threei} geo :)
[09:31] {dino} prgo, nyx watching
[09:33] {Threei} 5.50 held so far on VNDA
[09:34] {dino} prgo sm l, .30, wide risky
[09:34] {Threei} 5.70 high to break for a first attempt
[09:42] {Threei} CSUN
[09:42] {Threei} half lot .20 long
[09:43] {Threei} stop under 9
[09:43] {Threei} CSUNhalf out VNDA
[09:43] {Threei} half out VNDA
[09:44] {Threei} 6 be taken
[09:44] {dino} nyx l .00
[09:45] {dino} prgo stopped rinsed -.50
[09:45] {dino} or not
[09:47] {Threei} stop 5.65 for the balance
[09:48] {fernp} half out EP +.15
[09:49] {magoo} sell off here
[09:49] {Threei} good start fernp
[09:49] {Threei} make up your mind about VNDA balance here, to take scalp or hold
[09:50] {Threei} fairly individual decision
[09:50] {Threei} my personla choice is to hold
[09:50] {dino} gj femp
[09:50] {hawkfan4} VNDA nice vad, thx, +.32
[09:51] {Threei} welcome hawk
[09:51] {Threei} if this thing is anything I suspect, 7 won't be a problem today
[09:51] {Threei} want to see it holding these levels, breaking 6, digesting a little and taking 6.10
[09:52] {Threei} with stop 5 cents below original entry, feel comfortable risk wise
[09:52] {tomg} ty vnda, vad, still holding some
[09:52] {Threei} tom :)
[09:53] {dptl} same here still holding some vnda thnx Vad
[09:53] {Threei} I ma be getting a bit greedy on this one but it's been a serious while since we've seen this kind of runner
[09:53] {Threei} trying to milk it for everything it can offer
[09:53] {Threei} but don't throw risk control out of the window
[09:53] {Threei} when momo is over, bottom will fall from under it
[09:54] {Threei} CSUN held 9
[09:54] {hawkfan4} solars strong
[09:55] {magoo} FSLR up 7 vad
[09:55] {Threei} on shoulders of oil I assume
[09:56] {dino} atni...thinny
[09:57] {Roman} 21 CTDC radar
[09:57] {Threei} Roman, your solars are running, and you are sleeping in
[09:57] {Roman} 21 i could not log in
[09:57] {Threei} there... I knew that would be your first :)
[09:58] {dptl} all out vnda ty
[09:58] {Threei} welcome
[10:01] {Threei} ALKS
[10:02] {Threei} 13 break long
[10:02] {dino} vrml
[10:02] {Threei} stop under .80
[10:03] {Roman} 21 watching CHNR
[10:03] {Roman} 21 thin one
[10:03] {fernp} SYMC
[10:04] {Threei} MICROSOFT INTL. PRES: END OF THE STORY WITH YAHOO
[10:05] {Threei} CSUN stop to under 9.10
[10:08] {Threei} ALKS, invalidating level is .89 now
[10:08] {Threei} same for a stop if triggers
[10:11] {esemde} good morning from sunny..big time sunny downtown Courtney BC in the heart of the Comox Valley on Vancouver Island
[10:11] {Threei} ese! :)
[10:11] {esemde} Vad!!!!
[10:11] {dino} prgo l sm .81
[10:11] {esemde} hows things going boys....and girls as the case maybe
[10:12] {Threei} quite well indeed
[10:12] {Threei} when are you back home?
[10:12] {esemde} am i not surprised
[10:12] {esemde} tomorrow
[10:12] {Threei} 'cause it's sunny here too, you know
[10:12] {GeoArb} after dinner?
[10:12] {esemde} i'm at a Starbucks
[10:12] {esemde} Yes
[10:13] {esemde} Had to use the server # on the website products page to log in here though
[10:14] {Threei} let's consider it SBUX's fault
[10:14] {esemde} indeed
[10:14] {dino} atni l sm off of .50 break
[10:14] {esemde} was looking at CLWR
[10:14] {judijim} good morning all
[10:14] {Threei} and short it with .11 trigger
[10:14] {Threei} jj :)
[10:14] {esemde} JJ
[10:15] {Threei} .21 stop for now
[10:15] {Threei} for haardcore scalpers going for big lot and small movement, stop .17
[10:16] {dino} prgo stopped again -.30....strange they beat and guide in line, destroy it anyway
[10:18] {Roman} 21 SEED long setup
[10:19] {Threei} gosh CSUN, take that .26 already, will ya
[10:21] {Roman} 21 long COIN
[10:21] {Roman} 21 9.88 COIN 1/2 size
[10:22] {Chaeron} GM all
[10:22] {Threei} chaeron :)
[10:22] {GeoArb} hey chaeron
[10:22] {GeoArb} i am sick and tired of yo all going on about BC
[10:23] {GeoArb} i will talk up LA locals :)
[10:23] {Roman} 21 long AKNS 6.51
[10:23] {Threei} lol Geo
[10:23] {Threei} good boy CSUN
[10:24] {Roman} 21 out 1/2 COIN +.45
[10:25] {Roman} 21 long SEED
[10:25] {Threei} wtg roman
[10:25] {hawkfan4} thx Roman, out +.55 coin
[10:26] {esemde} nice trad on COIN....it looks great even from Courtney
[10:27] {fernp} out EP +.25 and half out SYMC +.20
[10:27] {Threei} beautiful job fernp
[10:27] {Threei} very consistent
[10:27] {fernp} steep by steep
[10:27] {dino} last try, prgo l .10
[10:28] {Threei} CSUN stop to .14
[10:28] {Threei} what a tiresome stock
[10:28] {Threei} after taking all the highs and huge offers, one would expect it to be at 9.50 at leeast already
[10:28] {Roman} 21 GLBL
[10:28] {Roman} 21 looking decent long
[10:29] {Roman} 21 very jumpy tho
[10:29] {Roman} 21 CTDC on radar today
[10:36] {Threei} let;s try RIMM carefully, long with stop under 130
[10:36] {Threei} in
[10:37] {magoo} in
[10:37] {Roman} 21 CPSL
[10:37] {Roman} 21 long
[10:37] {Chaeron} in RIMM .17
[10:37] {hawkfan4} .17
[10:37] {magoo} .21
[10:38] {Threei} half out
[10:38] {Threei} .40
[10:39] {Threei} stop to under .10
[10:41] * Threei kicks RIMM in the rear
[10:42] {Threei} everyone's happy?
[10:42] {GeoArb} yaAAAAAA
[10:42] {hawkfan4} happy here :)
[10:42] {Threei} except those who sold to us I mean
[10:42] {GeoArb} i can finally buy rice
[10:42] {Threei} spare bag?
[10:42] {dino} that cme is one crazy stock, hits 499 yesterday from 455 wednesday, now 477
[10:43] {GeoArb} y
[10:43] {Threei} so that's you who is causing panic and rice shortage
[10:43] {GeoArb} heh... i only bought enuff for my 17 cousins
[10:43] {Threei} lol
[10:43] {dino} ok, azz of the day award to me for 3 stops on prgo....off my screen
[10:44] {Roman} 21 CTDC
[10:44] {Threei} I am out in full RIMM
[10:44] {Threei} over 50 cents, gotta have some conscience
[10:44] {Chaeron} I took .50 on that one - out at .67 in full... thanks Threei
[10:44] {Roman} 21 in CTDC 5.40
[10:44] {Threei} welcome ch
[10:44] {Threei} and you know what
[10:44] {Threei} I am out CSUN
[10:45] {Threei} +.10 cents, laufgh all you want
[10:45] {GeoArb} same here... beautiful (just the play) vad
[10:45] {Threei} for all I care it can go to 10 now, I won't give it second look
[10:48] {GeoArb} hmmm the vol on prgo is almost 10 times the last couple of days
[10:49] {Roman} 21 SIGM thin, wants to sqeeze
[10:49] {Roman} 21 long SIGM 20.55, 1/3
[10:49] {GeoArb} rimm
[10:49] {Threei} guess who just phoned
[10:49] {Roman} 21 stop 20.29
[10:49] {GeoArb} you are being punished for your conscience threei
[10:50] {Threei} RIMM... called me an idiot, made evil gloating laughter sound and hang up
[10:50] {magoo} in sigm small .55
[10:50] {magoo} i gave rimm your new number
[10:50] {magoo} called me first
[10:50] {Threei} ah thank you... I knew I can count on you
[10:50] {hawkfan4} lol, he called me too
[10:50] {GeoArb} you were in magoo?
[10:51] {magoo} yeah
[10:51] {Chaeron} RIMM was going to call me according to magoo, but they both agreed I was too much of a putz
[10:51] {Threei} [10:37] {magoo} .21
[10:51] {GeoArb} i meant in till now
[10:51] {magoo} i take most vad calls..just might be in something else and can't opst
[10:52] {magoo} or type
[10:52] {magoo} opst=post
[10:52] {GeoArb} cuz if you were in till now... that would be impressive holding
[10:52] {esemde} good to watch you all....off to do another concert. Have a great day
[10:52] {Threei} VNDA held by fingertips, borttomed out 2 cents from my trailing stop
[10:52] {Threei} take care ese :)
[10:52] {Chaeron} bye ese... see you tomorrow
[10:52] {GeoArb} bye ese
[10:53] {esemde} see ya...
[10:53] {Threei} overall, lost zest to live and fight... or maybe just lulls players into abandoning it before staging next ramp-up
[10:53] {Threei} we will see
[10:55] {Roman} 21 MPEL
[10:55] {Roman} 21 intesting area on the daily
[10:55] {Roman} 21 has room to run
[10:55] {GeoArb} wow rimm more than a dollar up
[10:55] {GeoArb} since exit
[10:56] {Threei} well, this market spike propelled it
[10:56] {Threei} and honestly, I do not possess tools to read this kind of idiotic movements
[10:56] {GeoArb} it was wierd
[10:56] {Threei} first it drops like the world ends tomorrow
[10:56] {GeoArb} easier to predict immediate shortterm
[10:57] {Threei} then it does form nice bottoming pattern
[10:57] {Threei} double bottom, consolidation under 1970 for NQ, break
[10:57] {Threei} I use it for RIMM read,
[10:58] {Threei} but heck, to see NQ proceeding to make new highs for the day, that's a bit rich :)
[10:58] {magoo} one tricky dicky market
[10:58] {Threei} shrug
[10:58] {Threei} whatever
[10:58] {Threei} we find our plays
[10:59] {Threei} if it wants to go much further after we take fairly reasonable profit, it bothers me no more than occasional stop here and there
[10:59] {dino} esrx l .89
[11:00] {Roman} 21 in MPEL small
[11:00] {Threei} btw, if it gets frustrating for you and you feels upset, don't forget about ultimate stress reliever
[11:01] {Threei} we have dave visiting sooo....
[11:01] * Threei slaps _aosdaveg around a bit with a large trout
[11:02] * Chaeron slaps _aosdaveg around a bit with a large trout
[11:03] {Roman} 21 out SIGM +.40
[11:03] {Threei} wtg'
[11:04] {magoo} lout sigm + .40 TY RFR
[11:05] {Roman} 21 ASIA nice spike
[11:05] {Threei} wow, I just found out, we have solar ETF now
[11:05] {Threei} TAN
[11:06] {dptl} what is banks etf?
[11:06] {Threei} XLF if I am not mistaken
[11:07] {dptl} a,no doesnt work
[11:07] {Threei} hmm
[11:07] {dino} out nyx .40, +.40
[11:07] {Threei} ?
[11:07] {GeoArb} xlf works...
[11:07] {Threei} 27.10 x .11
[11:07] {dptl} ups sorry works ty
[11:07] {GeoArb} up 1.01 % today
[11:10] {Roman} 21 BARE & BOOM bouncing today
[11:10] {Roman} 21 looks like china plays are waking up
[11:11] {Roman} 21 sold small remaining of SIGM +1.05
[11:12] {Threei} VNDA shows why we have stops
[11:12] {GeoArb} one more etf vad
[11:12] {GeoArb} kwt but alittle wierd
[11:13] {Threei} it's ETF of what?
[11:14] {GeoArb} yeah solar
[11:14] {Roman} 21 VLNC decent long small one
[11:14] {Roman} 21 slow one
[11:15] {magoo} look SIGM roman..just called me
[11:15] {Roman} 21 i know
[11:15] {Threei} sorry mags
[11:15] {magoo} i hasd unlisted number
[11:15] {Threei} I wasn't in it so it didn't call me... but I took a matter in my hands, phoned it myself and gave your number
[11:16] {magoo} lol
[11:22] {dino} ccrn s .60
[11:22] {dino} .16
[11:23] {Roman} 21 out CTDC -.10
[11:24] {Roman} 21 out MPEL -.14
[11:27] {dino} vrml continues
[11:32] {Threei} what with JBHT happiness
[11:45] {GeoArb} .
[11:45] {Threei} very fine point you make
[11:46] {GeoArb} looks like some people on vacation
[11:46] {GeoArb} thin room
[11:46] {Threei} lumdus on vacation, ese is on the road,
[11:47] {Threei} several more here and there
[11:47] {GeoArb} y
[11:47] {dino} you know the weights?
[11:47] {GeoArb} ?
[11:47] {Threei} lol
[11:47] {GeoArb} heheheh
[11:47] {GeoArb} (slow)
[11:47] {magoo} laserdave sleeping
[11:48] {dino} :)
[11:48] {Threei} some lose connection and if they are not near compuetr they don't reconnect for a while, like onix and patience right now
[11:48] {dino} sm s thmd .95 thinnnnnnn
[11:48] {GeoArb} I regretfully left laser
[11:48] {GeoArb} laserdave was helpfull though
[11:49] {magoo} where u at now?
[11:49] {GeoArb} lightspeed with IB as backup
[11:49] {GeoArb} an Qs pls DCC
[11:50] {GeoArb} man this is just sad.... no questions at all
[11:50] {GeoArb} ;0
[11:50] {Threei} ummm
[11:50] {magoo} ill bite...dcc
[11:51] {Threei} 'cause who cares about swecond rate brokerages? :)
[11:51] {GeoArb} ouch
[11:51] {magoo} dcc geo
[11:53] {Threei} jeez
[11:53] {Threei} US HOUSE SPEAKER PELOSI: THERE IS 'CLEAR NEED' FOR SECOND STIMULUS PACKAGE, WOULD LIKE TO MOVE TO SECOND STIMULUS BILL 'SOON'- Says that can not wait for additional evidence of economic weakness
[11:54] {Threei} sure, let's inject more money in economy when inflation is rampant already
[11:55] {Threei} ABK
[11:55] {Threei} PROVIDES Q108 BUSINESS UPDATE- committed to preserving and rebuilding our business franchise. Our recent capital raise of $1.5 billion and affirmation of our triple-A ratings with negative outlook from Moody's and S&P were critical steps in pursuing this goal.
[11:59] {Threei} QID
[11:59] {Threei} .78 short
[12:00] {Threei} .91 stop
[12:01] {magoo} in
[12:02] {Threei} 1:1
[12:05] {Roman} 21 long MPEL
[12:09] {Threei} over 1:2
[12:09] {Threei} out
[12:09] {_aosdaveg} nice
[12:09] {magoo} out
[12:10] {magoo} ty vvad
[12:10] {Threei} welcome
[12:22] {Threei} wow AMD
[12:22] {judijim} taking break, be back soon
[12:22] {Threei} looked at it at 6.60 break and decided against it
[12:24] {dino} ccrn bstop to b/e
[12:36] {dino} stopped ccrn .07, +.09
[12:38] {dino} nyx s .10
[12:48] {GeoArb} 100th anniv of empress
[12:48] {GeoArb} victoria
[12:49] {Threei} you are coming?
[12:49] {GeoArb} was there 5 yrs ago
[12:50] {GeoArb} maybe next year.....will doo the whole butterfly/butchart/tea again
[12:50] {GeoArb} vry nice
[12:50] {Threei} let me know... my signature dish will be there :)
[12:50] {GeoArb} ??
[12:50] {GeoArb} crabs?
[12:51] {Threei} sheshkebab
[12:51] {GeoArb} i make killer ones too if i may say so
[12:51] {Threei} cool... you are cooking then :)
[12:51] {GeoArb} the ground lambs aith lentils are my specility
[12:52] {GeoArb} with
[12:52] {GeoArb} with coriander dip
[12:52] {GeoArb} ook lunch time
[12:52] {Chaeron} yes... I don't hear you yelling at me :))
[12:52] {GeoArb} ooops
[12:53] {GeoArb} anytime chaeron
[12:53] {Chaeron} heheh..
[12:53] {Chaeron} wrong window.. lol
[12:53] {GeoArb} my cooking has a def arab/asian flavor
[12:53] {GeoArb} in barbecue
[12:55] {GeoArb} all scanners dead
[12:56] {Threei} NQ is moving but not much following amonbg stocks
[12:56] {Threei} other than QID, hard to find the way to play it
[12:56] {Threei} and I am not too jazzed about such play during lunch time
[12:56] {Threei} too many headfakes
[12:58] {dino} feeling the same
[12:58] {dino} nyx stopped -.40
[12:59] {Threei} http://www.realitytrader.com/vad/Shishkebab11.jpg
[13:00] {Threei} VNDA 5.21 long trigger - discretionary trade
[13:00] {Threei} take it if you like it
[13:03] {Threei} try to exit into spike over .30
[13:13] {Roman} 21 long FRPT
[13:13] {Roman} 21 3.87 1/2 size
[13:13] {Roman} 21 slow
[13:14] {dino} out esrx .29, +.40
[13:18] {Threei} wtg
[13:18] {Threei} wow, am I slow
[13:24] {Threei} feel free to exit VNDA who went for it
[13:25] {dino} mosy
[13:26] {hawkfan4} got + 18, thx vad
[13:27] {Threei} :)
[13:27] {Threei} little lunch fun eh?
[13:27] {dino} mosy s .14
[13:31] * Threei slaps Roman around a bit with a large trout
[13:31] {Threei} just trying to balance out your good fortune today
[13:38] {Threei} you take scalp on FRPT Roman, or trying for a long haul?
[13:38] {Roman} 21 scalp
[13:39] {Threei} OK... daily starts looking like 4 break can launch serious move, so I was interested
[13:43] * Threei slaps Laserdave1 around a bit with a large trout
[13:43] {Roman} 21 JASO
[13:46] {Threei} looked through today's trades... we are runing at 100%
[13:47] {GeoArb} there
[13:47] {GeoArb} jinxed
[13:47] {Threei} let's go sleep
[13:47] {Threei} not to spoil a perfect record :)
[13:47] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:47] {GeoArb} ill go and watch ironman
[13:48] {dino} thmd cov .55, +.40
[13:48] {dino} hell of a spread
[13:49] {GeoArb} amazing dino
[13:49] {GeoArb} 300 shares minute vol?
[13:50] {dino} i know, but for some reason i go for them
[13:50] {GeoArb} well no arbs there for sure
[13:51] {dino} lol
[13:52] {dino} mosy bstop to .74
[13:54] {dino} meoh
[13:55] {Roman} 21 long GLBL full size 17.45 area
[13:55] {Roman} 21 stop 17.26
[13:56] {dino} mosy stopped .73, +.41
[13:58] {dino} fstr l .90, stop lod
[14:07] {dino} pwrd
[14:13] {dino} scrx
[14:17] {dino} scrx sm l .30 risky
[14:22] {dino} stopped -.40
[14:24] {Threei} market is dead like a doornail
[14:24] {Threei} will wake up closer to eod most likely
[14:24] {Chaeron} my motto: "Nap now, trade later"
[14:24] {Threei} but at this point it's like yesterday's cake
[14:24] {Threei} hmmm
[14:24] {Threei} my motto is different
[14:25] {Threei} Nap always, you don't have to be awake to trade
[14:25] {Chaeron} lol
[14:25] {GeoArb} i am too busy counting money vad threw my way
[14:26] {Threei} I just tossed it geo... didn't know that was your way
[14:42] {Threei} 7 points range NQ for two hours straight
[14:44] {dino} exac
[14:44] {judijim} have a good evening, be back tomorrow:)
[14:45] {Threei} take care jj
[14:46] {dino} cya jj
[14:50] {Threei} watching AAPL for pullback closer to 186
[14:51] {Threei} for long entry
[14:55] {Threei} not much of a pullback
[14:58] {Threei} wow VNDA
[14:58] {Threei} didn't expect that
[15:00] {Threei} VNDA
[15:00] {Threei} DATA PRESENTED AT THE AMERICAN PSYCHIATRIC ASSOCIATION (APA) ANNUAL MEETING DEMONSTRATE ILOPERIDONE'S EFFICACY AND SAFETY, WITH LOW RATES OF MOVEMENT AND METABOLIC ADVERSE EVENTS
[15:03] {Threei} - Additional data were presented identifying genetic markers that may help predict response to iloperidone, which Vanda believes could lead to unique, individualized treatment for schizophrenia.
[15:06] {magoo} .
[15:13] {dino} amie
[15:19] {dino} fstr stop to b/e
[15:19] {dino} out
[15:31] {Threei} remember I said CSUN can go to 10, I don't care?
[15:32] {Threei} I lied
[15:54] {Threei} thank you all
[15:54] {Threei} have a good evening, see you tomorrow
[15:54] {Chaeron} what???? we're done??????
[15:54] {fernp} see you tomorrow. Good afternoon all
[15:55] {Threei} you are not? :)
[15:55] {dptl} have a good evening all :)
[15:55] {Chaeron} turn those machines back on!!
[15:55] {Threei} lol
[15:55] {Threei} just buy the darn CSUN chaeron, and pray
[15:55] {Threei} kidding