RealityTrader Trading Log

Friday, May 16, 2008

May 16 2008

Session Time: Fri May 16 00:00:00 2008

[08:13] {Threei} CPSL
[08:13] {Threei} REPORTS Q3 $0.10, R$18.7M V $16.6ME - FILING- “We continue our strive to find an appropriate sales mix that provides us with improved profitability and stability of cash flows, along with the higher margin provided by high precision and individually customized cold-rolled steel products,” commented Dr. Li. “With the addition of the continuous annealing line, we will be able to expand our product line to include higher margin, cold-rolled stainless steel. Our strong R&D capabilities and ability
[08:13] {Threei} to develop precision products provide us with competitive advantages to continue to strengthen our position in the market and improve profitability in the long term.”
[08:27] {Threei} CSUN, I still see no news
[08:30] {Threei} *APR HOUSING STARTS: 1.032M V 939KE; BUILDING PERMITS: 978K V 915KE
[08:30] {Threei} what housing crisis?
[08:35] {magoo} morn
[08:39] {Threei} magoo :)
[08:39] {Threei} wow... look who is back from tech hell
[08:39] {Threei} hi cosmo
[08:40] {cosmo} ... still setting options...
[08:40] {cosmo} what a mess...
[08:41] {cosmo} they say it was my windows 3.11...
[08:41] {Threei} ahhh
[08:42] {cosmo} i needed it for netscape...ya know
[08:42] {Threei} yup
[08:42] {cosmo} now its a brave new world
[08:44] {Threei} •In energy news overnight Venezuelan President Chavez says that oil markets are well supplied, noting that the country does not have plans to nationalize any more companies. Chavez added that Venezuela would like to continue selling oil to the US. The Wall Street Journal overnight looked at a plan that would give federal regulators oversight of energy markets.
[08:44] {Threei} The measure is part of the farm bill that the Senate passed on Thursday. Traders cited the move to close the so-called Enron Loophole as a factor behind today's trading in energy markets. Under the government's plan, the CFTC will consider trading volumes and whether contracts are being used to establish a price reference for other contracts;
[08:44] {Threei} The plan also requires traders to maintain audit trails by supplying reports on any large trades to the CFTC, imposes record-keeping requirements and forces electronic exchanges to monitor trading behavior and prevent manipulation. Lawmakers are also mulling proposals to increase margins on energy futures.
[08:49] {Threei} 05/15/08 04:21pm [HOKU] Public utility commission approves photovolaic contract for Hawaiian electric company
[08:53] {magoo} news AAP vad?
[08:55] {Threei} 05/15/08 04:15pm [AAP] Reports Q1 $0.86 v $0.78e, R $1.53B v $1.51Be, authorizes $250M stock buyback (7.6% of market cap)
[08:57] {Threei} [FNM] Fannie Mae Update: Confirming adoption of a single national down-payment policy
[08:57] {Threei} - Says as of June 1 will require downpayments of 3-5% on some loans.
[08:57] {Threei} - Policy will replace old rules for higher downpayment in markets where home prices are falling.
[08:58] {Onix} Good morning all
[08:58] {Threei} onix :)
[09:04] {dptl} good morning all
[09:04] {Threei} dp :)
[09:05] {magoo} JRJC rocking vad..news?
[09:05] {Threei} 06:01am [JRJC] Guides Q1 R $10.5M-10.8M v $10.35Me (previously guided $10.0-10.5M)
[09:12] {fernp} gm
[09:12] {Threei} fernp :)
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:19] {dino} wow 3% downpayments, can you say "a new bubble is in the making"
[09:19] {Threei} no kidding
[09:19] {dino} sweet, now to get a few more foreclosures
[09:21] {Threei} so, CSUN spike remains a mystery
[09:22] {Threei} CPSL pullback
[09:23] {Threei} oil new highs?
[09:29] {dino} watching pcop, ga, jrjc
[09:34] {Threei} watching SOLF for long on pullback
[09:34] {Threei} .91
[09:34] {Threei} stop .79
[09:35] {magoo} in
[09:37] {Threei} 1:1
[09:37] {dino} pcop sm s .54
[09:38] {dino} stop is .81
[09:39] {Roman} 21 NCOC on radar
[09:39] {Threei} 1:2 SOLF
[09:40] {dptl} +.13 ty solf
[09:40] {Threei} :)
[09:40] {magoo} out SOLF TY
[09:41] {Threei} welcome
[09:42] {Threei} SOLF... another setup is .21 long if stays above 19
[09:43] {magoo} any read CSIQ?
[09:44] {Threei} no, too wide ranges
[09:45] {Threei} 70 cents in a single bar is not where you can control risk effectively
[09:45] {esemde} morning...i'm late
[09:45] {Threei} ese :)
[09:45] {esemde} can't log onto my broker
[09:45] {esemde} anybody else here use questrade?
[09:45] {Threei} CPSL
[09:46] {Threei} scary, but...
[09:46] {Threei} 6 break
[09:46] {Threei} very risky long
[09:46] {magoo} rimm disconnected strong to naz vad
[09:46] {magoo} u looking?
[09:47] {Threei} .50 break if holding above .30
[09:53] {Threei} CPSL is valid
[09:53] {Threei} remember very risky
[09:55] {Threei} MAY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 59.5 V 62E
[09:56] {Threei} hard to imagine more meaningless indicator
[09:59] {Threei} SOL again
[09:59] {Threei} yesterday CSUN moved with it
[09:59] {Threei} watching if there is correlation
[10:00] {Threei} CSUN very close to .55 support
[10:00] {Threei} lost it
[10:01] {Threei} SOL long small if breaks 26
[10:01] {dino} its like the dino indicator, today i feel better than yesterday
[10:01] {Threei} stop under .90
[10:01] {Threei} not holding
[10:02] {magoo} oh sorry late..took RIMM .50 vad and exited .95 TY
[10:02] {magoo} on phone.tenant issues
[10:03] {Roman} 21 SEED radar
[10:03] {Roman} 21 long small
[10:04] {dino} aap s sm .48
[10:04] {Roman} 21 7.05 stop 6.70
[10:04] {judijim} good morning all
[10:04] {Threei} jj :)
[10:09] {magoo} jj : )
[10:09] {magoo} SOL a bouncer vad?
[10:09] {Threei} SNDK .14 short if stays under .20
[10:10] {Threei} doesn't feel right SOL
[10:10] {Threei} likely to lose 25 before trying to bounce
[10:11] {dino} aap bstop to .30
[10:11] {magoo} in sndk
[10:11] {dino} stingy today
[10:12] {dino} stopped +.18
[10:12] {Threei} you are over 1:1 mags
[10:13] {Threei} 1:2
[10:13] {esemde} holly ZOLT batman.....!!!
[10:14] {esemde} it seems that you CYBS are right on robin....!!!
[10:15] {magoo} out TY vad..another phone ca;ll
[10:16] {Threei} aren't you chatty one {G}
[10:16] {tomg} have a nice weekend everyone
[10:16] {Threei} take care tom, have a good one
[10:16] {tomg} 3 for 3, vad, TY
[10:16] {Threei} wtg
[10:16] {tomg} :)
[10:16] {esemde} see ya tom
[10:17] {Chaeron} hi all... great to see you doing so well magoo and tom. Did you leave anything for me? :)
[10:17] {Threei} no chaeron
[10:17] {Chaeron} ok... I'm going home
[10:17] {esemde} CCCCCHHHHHH BABY!!!!!!!!
[10:17] {Threei} we were in a rush to get them all before you come in
[10:17] {Chaeron} hiya ese!
[10:18] {magoo} i was thinking same vad.......hit them quick befiore chaer gets here he he
[10:18] {esemde} i was late to the party as well CH...broker problems ...seems like there is nothing left
[10:20] {dino} pcop bstop to .37
[10:21] {Threei} still keeping an eye on CPSL
[10:21] {magoo} where the other two?
[10:21] {Threei} if this thing holding well enough, then breaks with volume it's a buying frenzy candidate
[10:21] {Threei} coma mags... permanent state
[10:22] {esemde} i'm gonna join you dino but bstop it at .51
[10:23] {dino} pcop stopped .35, reverse slip, +.19
[10:24] {Roman} 21 long RGLD small , thin, 29.30 area stop 28.97
[10:26] {magoo} chaer, when u get chance...go to...www.broome-tioga.com........race results....scroll down 50 (7-8) and look at place # 2
[10:26] {dino} sutr s .34, stop .55
[10:26] {magoo} RIMM ..AAPL bounce zones vad? take a look
[10:27] {esemde} long CTSH 30.01
[10:27] {esemde} 1/2 lot
[10:28] {Chaeron} magoo - Josh with a 2-2?
[10:29] {Onix} what is 1/2 lot?
[10:29] {esemde} 500 shs Onix...
[10:29] {magoo} YEAH...now go bottom page
[10:29] {esemde} full lot 1000shs...
[10:29] {Onix} thanks
[10:29] {dino} es nice bstop pcop, i was too tight
[10:29] {magoo} past race results 5-3-08
[10:29] {magoo} the lorretta qualier
[10:30] {magoo} many more kids, lok at second moto
[10:30] {esemde} dino I'm going to bstop it long....at .51 wait for a turnaround...not short
[10:31] {esemde} not in yet
[10:31] {esemde} i thought you were olong as well......
[10:31] {magoo} he advanced to regional final next weekend
[10:32] {Chaeron} 3rd? Podium! Huge!!! Wish I could go to LLynns... cheer him on... I'm proud for you
[10:32] {Roman} 21 out 1/2 SEED +.31
[10:32] {dino} s=short
[10:32] {esemde} ya...i miss read your post
[10:32] {magoo} thanx bro...it was quite a race
[10:33] {dino} np
[10:33] {dino} i'm only right about .666666666
[10:33] {esemde} i think my bstop will be filled closer to the afternoon
[10:33] {Roman} 21 CLNE on CNBC
[10:36] {dino} natural gas babby
[10:37] {magoo} dino supplies our office with abundance of nat'l gas lol
[10:37] {Roman} 21 :)
[10:37] {Roman} 21 good one
[10:38] {esemde} SOLF.....again
[10:40] {Onix} ATVI?
[10:41] {Threei} 33 break maybe
[10:42] {Onix} ty
[10:45] {dino} sometimes i think magoo doesn't appreciate me
[10:45] {Threei} lol
[10:48] {Roman} 21 RSOL
[10:49] {Roman} 21 solar play, going long small swing, very risky thin one, may get discovered with all the solar hype, who knows
[10:57] {dino} zolt
[11:03] {Threei} CSIQ gaining strength again
[11:03] {magoo} csiq may participate w/solf soon..risky..not in
[11:03] {Roman} 21 CSUN
[11:04] {Threei} CSUN feels like another violent spike is coming
[11:04] {magoo} ops sorry vads
[11:05] {Threei} if holding .90, worth a try .97
[11:05] {Chaeron} CSIA over 45.45?
[11:06] {Threei} .50, half lot CSIQ
[11:06] {Chaeron} CSIQ I mean
[11:07] {Threei} 13 be taken, CSUN
[11:09] {dino} gent, thin
[11:09] {Threei} that 12.90 buyer is real
[11:12] {magoo} aapl for a bounce vad?
[11:12] {Chaeron} in CSUN 12.98
[11:12] {magoo} oy.97 here lol
[11:12] {Threei} CSUN overcomes chaeron curse
[11:13] {Chaeron} volu8mn
[11:13] {Chaeron} volumn
[11:13] {Chaeron} sigh... I quit
[11:17] {Threei} WHITE HOUSE SPOKESPERSON: SAUDI ARABIA PLEDGES TO PUMP AS MUCH OIL AS NEEDED TO MEET DEMAND, BUT DOES NOT SEE ENOUGH DEMAND TO RAISE OUTPUT
[11:17] {Threei} - Spokesperson notes that Saudi Arabia stressed the "complexity" of the current oil market, Sauid Arabia sees no unmet demand for oil from customers, does not see enough demand to increase oil ouput
[11:17] {Threei} - Reminder: President Bush will fly to Saudi Arabia this weekend to meet with Saudi leaders.
[11:17] {Threei} - Reminder 5/8 OPEC Sec General noted that there was no shortage of oil in market, and OPEC weas ready to act if market shows the need for more supply.
[11:18] {magoo} out flat..blew that exit
[11:18] {magoo} was waiting .20
[11:18] {Threei} ECUADOR OIL MIN: HIGH OIL PRICES DUE TO SPECULATION
[11:18] {magoo} greedy b@stard
[11:18] {Roman} 21 long CLNE small
[11:19] {Roman} 21 14.40
[11:21] {dino} sutr bstop to .12
[11:23] {Roman} 21 CPST
[11:24] {Roman} 21 long off 3.5
[11:25] {dino} cov sutr .14 slip, +.20
[11:28] {dino} aap spike
[11:34] {magoo} vad..u like CSIQ?
[11:34] {Threei} CSIQ stop under .30
[11:34] {Threei} [11:06] {Threei} .50, half lot CSIQ
[11:35] {Threei} 1;1
[11:35] {magoo} WOW
[11:35] {Roman} 21 in CPST
[11:35] {Roman} 21 3.5
[11:35] {Roman} 21 long RCH off 11 break
[11:36] {magoo} out .86 TY vad
[11:36] {Threei} :)
[11:36] {magoo} took awhile he he
[11:36] {Threei} all 2 min?
[11:36] {dptl} +.20 csiq ty
[11:36] {Threei} welcome
[11:37] {Roman} 21 CAAS long setup
[11:38] {Threei} 1:2 CSIQ
[11:41] {Roman} 21 out CLNE +.15
[11:43] {magoo} here comes solf
[11:45] {Roman} 21 long JASO
[11:46] {Roman} 21 24.61 stop 24.49
[11:47] {esemde} everyone have a great weekend EHHHH!!!
[11:47] {Chaeron} bye ese!
[11:47] {magoo} u too ES
[11:47] {esemde} see ya CH
[11:47] {esemde} mags
[11:47] {magoo} WAIT
[11:47] {Threei} take care ese
[11:49] {Roman} 21 out RGLD +.03
[11:52] {magoo} weird..its like same buyers chasing solar stox..as in sell out csiq..go buy solf..sell solf go buy jaso
[11:52] {Roman} 21 long HOKU
[11:52] {Roman} 21 small
[11:52] {Roman} 21 8.5
[11:52] {dino} fstr l .00 stop .73
[11:53] {Threei} here comes next leg CSUN
[11:56] {Roman} 21 out 1/2 JASO
[11:56] {Roman} 21 +.36
[11:57] {Threei} SOLF tries to power up too
[11:58] {Roman} 21 in RCH
[11:58] {Roman} 21 small 11.02
[12:02] {magoo} in csiq .97
[12:03] {magoo} just bow
[12:03] {magoo} now
[12:12] {dino} sm risky l ncty .51
[12:15] {dino} nsph spike, thinny
[12:19] {Threei} I resign to the fact that SOLF will never stop
[12:19] {Threei} it will just go and go
[12:20] {dino} ncty stop to .19
[12:22] {dino} magoo could stop it
[12:23] {Threei} no
[12:23] {Threei} together with chaeron, maybe
[12:24] {magoo} i certainly stoppeed CSIQ
[12:24] {magoo} dino yellin at me to go get lunch here
[12:25] {dino} starvingggggggggggggg
[12:25] {dino} hey magoo, go long nsph, and tell me where.......i want to short it
[12:26] {Threei} lol
[12:26] {Threei} such power needs to be exploited
[12:26] {Threei} he buys 100 shares, damage is miniscule,
[12:26] {Threei} we short 10K
[12:27] {dino} indeed.............and there is nothing wrong w/that
[12:28] {magoo} where is the reference to proffit sharing guys?
[12:28] {Threei} hmm
[12:28] {dino} ncty stopped, slipped +.67 at .18
[12:28] {Threei} I thought you would be happy with the fact that were were caring enough to minimize your damage to jjst 100 shares
[12:29] {magoo} that was thoughtfull of u
[12:29] {dino} profit sharing is for communists
[12:29] {dino} greed, for lack of a better word, is good
[12:30] {Chaeron} out CSUN .35 +0.37
[12:30] {Chaeron} Thanks Vad!
[12:30] * Threei slaps Chaeron around a bit with a large trout
[12:30] {Threei} welcome
[12:30] {dino} gj chaer
[12:30] {Chaeron} and now it drops on the news that I'm out.... :)
[12:31] {dino} of course
[12:32] {Chaeron} yeah right
[12:35] {dino} magoo said stopped csiq flat, making lunch run
[12:47] {magoo} back
[12:48] {magoo} hoagie in hand
[12:48] {magoo} vad, u call it a hoagie, hero, sub ?
[12:50] {Threei} hmm
[12:50] {Threei} I don't call it
[12:50] {Threei} I eat it
[12:51] {magoo} i say heh..what u eating/ u say what?
[12:51] {Threei} I don't say... I show
[12:51] {Threei} "this"
[12:51] {magoo} roflol
[12:52] {Threei} SEED another break at .50?
[12:53] {magoo} no read here
[12:54] {magoo} vad, i need to use your other reality service now
[12:55] {dino} whats that called facts?
[12:55] {magoo} how much does 55 gallons of water weigh?
[12:56] {magoo} seriously
[12:56] {dino} 2.,2/gal.
[12:57] {Chaeron} 121 lbs
[12:57] {magoo} wrong ..weigh off
[12:57] {Chaeron} so is your grammar
[12:57] {magoo} lol
[12:57] {dino} then what is it smarty?
[12:58] {Threei} 208.1915
[12:59] {magoo} that sounds correct
[12:59] {dino} see i was off by about .66666666666666666666666
[12:59] {Chaeron} so 3.78#/gal?
[13:00] {magoo} 3.7853
[13:11] {Chaeron} whoa CSUN
[13:12] {dptl} getting disconected all the time
[13:12] {dino} ctrp l sm .55
[13:16] {Threei} ok dp... I'll stop leaning on "dump dptl" button
[13:16] {dptl} lol
[13:16] {Threei} but you can't blame fella for a little fun
[13:19] {Threei} I don't knowwnat to make of these CSUN spikes
[13:20] {Threei} they seem to be too consistent to write off as accident
[13:20] {Threei} but there is no way to nail the timing
[13:20] {Chaeron} I was thinking from bottom of this series, no?
[13:21] {Threei} it was my original assumption,
[13:21] {Chaeron} 0.17 . but no reason other than that
[13:21] {Threei} but look atg all those spikes from the point of view
[13:21] {Threei} where pullbacks bottom out and from where and to how high those spikes go
[13:21] {Chaeron} consistant bid stacks at .17, .18
[13:22] {Threei} they don't match ascending trend lines,
[13:22] {Threei} not horisontal lines of support
[13:22] {Threei} so how to get entry right?
[13:23] {Threei} 13:08 bar for instance
[13:23] {Threei} that pullback broke both,
[13:23] {Threei} ascending trendline support
[13:23] {Threei} and horisontal sopport
[13:23] {Threei} would have stopped you if you enetred at either
[13:24] {Threei} then just posted 40 cents spike out of nowhere
[13:33] {dino} nsph sm s .48
[13:46] {dino} fstr stopped =.27
[13:46] {Threei} QATAR OIL MINISTER: NO NEED FOR OPEC TO MEET BEFORE SEPTEMBER, THERE IS NO NEED FOR MORE OIL SUPPLY
[13:55] {dino} sm l ncty .00
[14:05] {Threei} VISN
[14:05] {Threei} half lot 22 long
[14:12] {dino} vrus
[14:23] {Chaeron} CSUN
[14:23] {Threei} yeah
[14:24] {magoo} ok, i heading out early..thank u vad..everybody
[14:24] {Threei} take care magoo, have a good weekend
[14:24] {Chaeron} bye magoo... have fun and congrats on Josh
[14:24] {dptl} is that a long weekend?
[14:24] {Threei} not in US dp
[14:24] {dptl} ty
[14:24] {Threei} Canadian only
[14:24] {Threei} next one is USA
[14:25] {magoo} ty
[14:25] * Threei slaps laserdave1 around a bit with a large trout
[14:25] * Chaeron slaps laserdave1 around a bit with a large trout
[14:25] {laserdave1} howdy
[14:37] {dino} nsph stopped .76
[14:37] {dino} =.32
[14:37] {dino} -
[14:37] {Threei} SOLF .50 break... maybe worth a try
[14:37] {Threei} risky
[14:37] {dino} wrong -.28
[14:44] {Threei} dave, dcc
[14:45] {dptl} disconected 5-7 times a day can't figureout why
[14:45] -} [dptl] PING
[14:46] {Threei} ping is fine
[14:46] {Threei} [14:45] [dptl PING reply]: 0secs
[14:46] {Threei} -----------
[14:46] {Threei} are you behind router?
[14:47] {dino} sm s vrus .54
[14:47] {dptl} yes but was fine before ...it's started last week like once every hour or so
[14:47] {Threei} try to reset it
[14:48] {dptl} i did
[14:48] {dptl} it s just chat room ...other programms running fine
[14:51] {hawkfan4} cpsl
[14:55] {dino} ncty stop tro .24
[15:01] {dino} ave .21 ncty slipped stopped +.21
[15:05] {dino} vrus bstop to .21
[15:08] {dino} to .15
[15:11] {dino} vrus stopped slippage at .18, +.36
[15:14] {Threei} CSUN again and again
[15:21] {dino} markets want green
[15:24] {Threei} CSUN will tag 14 today eh?
[15:26] {dino} ndx +
[15:35] {Threei} 14
[15:35] {Chaeron} 14
[15:35] {judijim} Have a great weekend all
[15:36] {Threei} have a good one jj
[15:37] {dino} u2 jj
[15:37] {dino} man slow afternoon
[15:40] {dino} ok s vrus .60
[15:40] {Onix} A great long weekend to all Canadians
[15:42] {Chaeron} CSUN 14.50 coing? ... geesh
[15:43] {Chaeron} coming
[15:44] {Threei} SOLF and CSUN report next week
[15:44] {Threei} it's a pre-earnings run on both
[15:47] {Threei} CSUN Tuesday before open,
[15:47] {Threei} so we will have fun Monday with it
[15:47] {Threei} SOLF Wed before open
[15:50] {Threei} here is your .50 chaeron
[15:54] {Threei} OK guys, thank you all
[15:54] {Threei} have a good weekend, see you on Monday
[15:54] {dptl} have a good weekend all:)