RealityTrader Trading Log

Monday, July 7, 2008

Mon Jul 07 2008

Session Time: Mon Jul 07 00:00:00 2008

[08:03] {Threei} CAAS
[08:03] {Threei} WINS DONGFENG PEUGEOT CITROEN CONTRACT
[08:03] {Threei} - Subsidiary, Jingzhou Henglong Automotive Parts Co. (''Henglong''), has signed a supply agreement with Dongfeng Peugeot Citroen Automobile Co
[08:03] {Threei} - Henglong will ship 3000 units of power steering gears per month to DPCA for its Dongfeng Peugeot 206 model. DPCA and Henglong are also in the process of finalizing commercial orders for two other models -- Dongfeng Elysee R23 and Dongfeng Picasso N68.
[08:17] {brian3579} gm all
[08:17] {Threei} brian :)
[08:30] {Threei} CSIQ
[08:30] {Threei} IGNS SALES AGREEMENTS IN ITALY AND THE CZECH REPUBLIC
[08:31] {Threei} - The total volume of shipments for 2008 for the above mentioned new agreements totals 14.9 MW and reflects sales of CSI's regular module products. The sales will be realized in the second half of 2008 and are in addition to existing shipments to customers in Germany, Spain, USA, Korea and China.
[09:00] {fernp} Good morning
[09:00] {Threei} fern :)
[09:12] {judijim} Good morning everyone
[09:12] {Threei} jj :)
[09:12] {cosmo} NCOC
[09:14] {GeoArb} gm
[09:14] {Threei} Geo :)
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:17] {cosmo} CALM: ...Barrons likes it
[09:17] {Threei} nice pleasant sound of oil dropping
[09:17] {Threei} all markets snapback so far
[09:21] {dptl} good morning all
[09:21] {Threei} watching ROYL for bounce
[09:21] {Threei} dp :)
[09:21] {magoo} morning]
[09:21] {Threei} mags :)
[09:21] {tomg} gm all
[09:21] {Threei} tom :)
[09:22] {Threei} 9.25 is Thu high ROYL
[09:22] {Threei} if consloidates a little and breaks it, half lot long
[09:23] {Threei} CSIQ, chart looks nice for bounce and had news... just not sure what it's going to follow more, market or oil
[09:31] {Threei} BRCM, pullback closer to 27 would be a watch for long
[09:32] {Roman} 21 SOL long
[09:32] {Roman} 21 13.18
[09:32] {Roman} 21 13.48
[09:33] {Threei} .35 long BRCM if not losing .20
[09:33] {Threei} would prefer pullback though
[09:36] {esemde} good morning...summer holidays and Vodka...slept right through my alarm
[09:36] {Threei} lol
[09:36] {Threei} morning ese :)
[09:37] {Threei} SOL's nice
[09:38] {Threei} SOLF
[09:38] {magoo} ES:)
[09:39] {Threei} .50 break long if stays above .40
[09:39] {esemde} morning mags
[09:40] {Threei} half out CAEI overnight position .97
[09:40] {Threei} +.36
[09:40] {dino} lol es
[09:40] {esemde} bstop ESLR .51
[09:41] {esemde} morning dino
[09:42] {Threei} anyone found entry BRCM?
[09:42] {magoo} me in .36
[09:42] {Threei} I'd take scalp here
[09:42] {magoo} ok out .69
[09:42] {tomg} ty brcm, vad
[09:42] {magoo} TY
[09:42] {Threei} welcome
[09:43] {magoo} u don't gotta ask twice he he
[09:48] {Threei} UAUA
[09:48] {Threei} .31 long if stays above .20
[09:51] {Roman} 21 out SOL +.44
[09:51] {Threei} wtg'
[09:53] {dino} gj
[09:54] {Threei} ROYL
[09:54] {Threei} half lot .25 break
[09:54] {Threei} stop under 9 or 9.10, depending on your objectives
[09:55] {Threei} over 1:1
[09:56] {dino} titn sm l .43
[09:57] {Threei} don't get stuck in ROYL
[09:57] {Threei} thing is very volatile
[10:09] {dino} titn stopped .10, -.33
[10:10] {Threei} LEH
[10:10] {Threei} .84 short hal lot
[10:10] {Threei} if stays under 23
[10:15] {Roman} 21 NCOC
[10:15] {Roman} 21 long
[10:15] {Roman} 21 small
[10:16] {Roman} 21 6.90
[10:16] {Threei} LEH over 1:1
[10:17] {Threei} 1:2
[10:17] {dptl} out .70 ty
[10:17] {Threei} out.55
[10:18] {Roman} 21 bidding CSIQ
[10:18] {Roman} 21 long
[10:18] {Roman} 21 34.5
[10:19] {laserdave1} magoo dcc please
[10:19] {Threei} wow... sneaked in unnoticed
06[10:19] * Threei slaps laserdave1 around a bit with a large trout
[10:19] {laserdave1} :)
[10:19] {esemde} very sneeky!!!!
[10:21] {Threei} LEH snpaback is coming it feels
[10:21] {Threei} just a scalp
[10:22] {Threei} want it as close to .50 as possible
[10:22] {Threei} watch GS for guidance
[10:23] {Threei} in .58
[10:23] {Threei} .49 stop
[10:25] {Roman} 21 JASO
[10:25] {Threei} out .75
[10:25] {Roman} 21 could be long scalp
[10:25] {Roman} 21 not in
[10:26] {Threei} out last portion CAEI
[10:27] {dino} sm fwlt l .66, stop .59
[10:28] {Threei} wow, sold LEH way too soon
[10:28] {dino} .00 l i mean
[10:31] {dino} avav strong
[10:31] {dino} sm l dwsn .30, stop .93
[10:41] {Threei} BRCM, half lot long .91
[10:41] {Threei} stop .75
[10:41] {Threei} with idea to add another half lot if NQ breaks high and BRCM breaks 28
[10:48] {Threei} correcting stop to .79
[10:49] {Threei} held above .80 on last pullback
[10:54] {Chaeron} good Monday morning all
[10:54] {Threei} chaeron :)
[10:55] {esemde} CCCCHHHHH BABY!!!!!!!!!
[10:55] {Threei} decide if you want to ride half lot of add second half
[10:55] {Threei} matter of trade management
[10:56] {Chaeron} heya ese :)
[10:56] {magoo} chuckiechaer
[10:56] {magoo} :)
[10:56] {Chaeron} lol - heya mags
[10:58] {dino} fwlt stopped -.40
[11:02] {dino} ohh mann, both stops hit today are rinses
[11:06] {Threei} oil upward move is weighing on NASDAQ and by extension holds back BRCM
[11:07] {esemde} Was reading this on CBS Market wqtch "Congress has been particularly impressed by Exxon's April testimony that oil's true price should range from $50 to $55, or less than half of its current price,"......man oh man!!! whats goin on out there
[11:07] {Threei} 50 sounds about right to me
[11:10] {Threei} no worky BRCM
[11:12] {Threei} UPDATE: PLATTS HAS PUT LEHMAN UNDER A TEMPORARY REVIEW THAT BARS IT FROM TRADING OIL CONTRACTS - UNCONFIRMED REPORT
[11:14] {Threei} rinse BRCM
[11:14] {magoo} sort of similar to when laserdave puts magoo under a temp ban on trading BIDU he he
[11:14] {Chaeron} so do we take the 28 if it goes there?
[11:14] {Threei} lol
[11:15] {Threei} hard to tell
[11:15] {Threei} looks tempting
[11:15] {magoo} 300 aapl long here .89
[11:15] {Threei} maybe one more pullback to wait out
[11:16] {Threei} so it defines closer stop
[11:16] {Threei} right now it's too wide
[11:16] {dino} ilmn fast drop
[11:19] {dino} sm l .26
[11:19] {Roman} 21 long WB
[11:20] {Roman} 21 13.92 stop under 13.80, 1/2 size
[11:21] {magoo} aapl like 3:1 here
[11:24] {magoo} out here .25, + .36? i think
[11:24] {magoo} u take it chaer with magoo?
[11:25] {dino} ozrk
[11:26] {Chaeron} no sorry magoo.. I was doing BRCM :( great job to you tho
[11:26] {Threei} {BRCM} ummm... I expected you to be more discreet...
[11:26] {Chaeron} stopped on BRCM - 0.15
[11:26] {Chaeron} not me
[11:26] {Chaeron} :)
[11:26] {dino} dwsn stop to b/e
[11:27] {Chaeron} for some reason I still like BRCM... am I nuts?
[11:28] {Threei} it looks good, just tough to trade
[11:29] {esemde} anybody follow a 52 week high or 52 week low screen? There all 52 weeks lows except for 2 on my screen....
[11:29] {Threei} .38 long NVDA
[11:29] {Threei} .29 stop
[11:31] {Threei} BRCM rinsed us by 3 cents, then worked as planned
[11:33] {dino} dwsn stopped -.06 slippage
[11:43] {Chaeron} stopped NVDA... - 0.13
06[11:43] * Chaeron slaps laserdave1 around a bit with a large trout
[11:44] {Chaeron} there... I feel better
[11:45] {Threei} sharp market dive
[11:46] {Threei} ISSUES FORMAL RESPONSE TO CARL ICAHN'S LATEST LETTER, READY TO ENTER NEGOTIATIONS WITH MSFT
[11:46] {Threei} - "Yahoo!'s Board of Directors continues to stand ready to enter into negotiations with Microsoft Corporation for an acquisition of Yahoo!. Indeed, as recently as June, Yahoo!'s independent directors and management approached Steve Ballmer about just such a transaction, only to be told that Microsoft was no longer interested even in the price range which they had previously proposed.
[11:47] {Threei} - "Now Mr. Ballmer and Mr. Icahn have teamed up in an apparent effort to force Yahoo! into selling to Microsoft its Search business at a price to be determined in a future "negotiation" between Mr. Icahn's directors and Microsoft's management. We feel very strongly that this would not lead to an outcome that would be in the best interests of Yahoo!'s stockholders."
[11:47] {Threei} - "If Microsoft and Mr. Ballmer really want to purchase Yahoo!, we again invite them to make a proposal immediately. And if Mr. Icahn has an actual plan for Yahoo! beyond hoping that Microsoft might actually consummate a deal which they have repeatedly walked away from, we would be very interested in hearing it."
[11:53] {dino} ozrk sm l .28
[12:00] {magoo} dave DDCC
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
[12:02] {magoo} DCC dave
[12:02] {magoo} i never have anyway, but i know vad does
[12:02] {magoo} oops, wrong room
[12:07] {Threei} what did I do this time?
[12:07] {magoo} kinda private..but talking about u he he
[12:08] {dino} don't worry 3i, i'm recording it all
[12:09] {Threei} cool, ty
[12:19] {Threei} financials are in the world of pain
[12:20] {Threei} FNM, FRE, LEH, MER
06[12:26] * Chaeron slaps laserdave1 around a bit with a large trout
[12:26] {Chaeron} Dave... dcc please
[12:27] {Threei} wow
[12:27] {Threei} FNM and FRE
[12:27] {Threei} that's scary
[12:28] {Threei} FED'S YELLEN: NOTES IMPORTANCE THAT CAPITAL FLOWS TO FINANCIAL SECTOR INCLUDING PRIVATE EQUITY - COMMENTS TO REPORTERS
[12:28] {Threei} - Remarks that there is nothing alarming about how banks are raising capital
[12:28] {Threei} - Unemployment rate expected to peak at 5% range, but not expected to reach 6%
[12:29] {Threei} end of the world again?
[12:30] {Threei} .81 smaaaal long FRE
[12:30] {Threei} stop under .50
[12:31] {Threei} too fast?
[12:31] {Threei} MARKET WEAKNESS LED BY MORTGAGE FINANCE SECTOR; FNM DOWN 20%, FRE DOWN 26%, BOTH AT 52 WEEK LOWS
[12:32] {Threei} FNM
[12:32] {Threei} INVESTOR RELATIONS SAYS IT HAS NO NEWS TO EXPLAIN TODAY'S SELL OFF IN THE STOCK
[12:32] {Threei} anyone had entry chance?
[12:43] {Threei} if everyone fell asleep I will to
[12:43] {magoo} i tried..missed entry
[12:43] {Threei} 'caause the only way remaining to keep myself awake is
06[12:43] * Threei slaps laserdave1 around a bit with a large trout
[12:44] {Threei} both dropped back into bounce zone
[12:44] {Threei} FRE and FNM
[12:44] {Threei} keep it small
06[12:48] * Chaeron slaps laserdave1 around a bit with a large trout
[12:48] {Chaeron} Dave... DCC?
[12:57] {Threei} FNM/FRE WEAKNESS BEING PARTIALLY ATTRIBUTED TO CONCERNS OVER A POTENTIAL FASB ACCOUNTING RULES CHANGE THAT WOULD REQUIRE BRINGING OFF BALANCE SHEET ITEMS ONTO THE BALANCE SHEET, WHICH WOULD REQUIRE THE GSE'S TO RAISE MORE CAPITAL
[13:00] {Threei} market just shurgged and stopped attempts to swim
[13:01] {Threei} this is the most unusual summer I've ever seen
[13:01] {Threei} remember how we used to yawn through July-August?
[13:01] {dino} y
[13:01] {dino} taking next summer off
[13:03] {Threei} next?
[13:03] {Threei} that's what I call advanced planning
[13:04] {dino} lol
[13:05] {dino} it used to be just vacation in august, because aug. always sucked. but this year.............
[13:06] {Threei} my cruise is already booked
[13:06] {Threei} should I cancel?
[13:07] {dino} extend it
[13:07] {Threei} through the next summer?? :)
[13:20] {Threei} .35 long FNM half lot
[13:20] {Threei} stop .19
[13:23] {Threei} 1 cents shy of 1:1
[13:25] {Threei} if loses .20 look for re-entry around 15
[13:26] {Roman} 21 CNQ
[13:26] {Roman} 21 long
[13:26] {Roman} 21 89.38 super small
[13:39] {dino} i may be eatly, but adding a few small swings
[13:40] {Threei} certainly gutsy
[13:41] {dino} gut feeling a big bounce in soon
[13:42] {Threei} if not for fdinancials we would have already gotten it...
[13:42] {Threei} all compnenets were in place
[13:42] {Threei} oil down
[13:42] {dino} steels holding well, machinery too
[13:43] {Threei} need just a bit of confidence no big bank fails
[13:43] {Threei} and market will skyrocket
[13:45] {Roman} 21 out CNQ .62
[13:47] {Threei} good one
[13:55] {Threei} big recovery oil
[13:56] {magoo} one day this makets gonna bounce big time.but man, doing its best to rinse evceryone out firstl
[13:56] {Threei} still bear market
[13:56] {magoo} im just looking for that one 300 plus point up day
[14:02] {Threei} anyone took FNM off 15?
[14:04] {judijim} take care all, we had a great day and keeping profits +$1015, be back tomorrow
[14:05] {Chaeron} nice
[14:05] {Threei} beautiful jj
[14:05] {Threei} wtg
[14:05] {patience} terrific jj :)
[14:05] {kazaam} gj JJ, enjoy the rest of your day
[14:07] {dino} gj jj
[14:31] {esemde} still hangin in.....bstop in ESLR at .51
[14:32] {Threei} MOODY'S RAISES XIDE'S CFR TO B3 FROM CAA1
[14:46] {Threei} RIMM, long off 113
[14:46] {Threei} on cross back
[14:47] {Threei} if loses .80 wait for closer to .50
[14:48] {Threei} no entry, wanted under .60
[14:48] {Threei} got a bit too greedy
[14:49] {Threei} ugh
[14:50] {Threei} anyone was less picky than me and took .70?
[14:50] {magoo} nope, wanted .56
[14:51] {Threei} welcome to the club of blue-eyed optimists
[15:02] {magoo} good read on it vad
[15:02] {Threei} oh btw... end of the world just got canceled
[15:03] {cosmo} ...again
[15:03] {Threei} yep... daily occuerence now
[15:04] {cosmo} ... for 4 more years...
[15:05] {cosmo} then it really ends
[15:05] {cosmo} jk..
[15:05] {Threei} I wanted to stock a machine-gun fulkl of vodka for the end of the world day... but at this rate I'd go through them too quickly
[15:06] {cosmo} a .... gun?
[15:06] {dino} the vodka or the guns
[15:07] {Threei} participans of RT meet-up last Friday know :)
[15:07] {dino} a secret club i see
[15:07] {patience} vad poured ese a shot of vodka from a glass machine gun last friday
[15:07] {Chaeron} yeah... I'm not in it either dino :)
[15:07] {dino} lol, i get it
[15:08] {patience} i was the designated driver and got to watch them empty it
[15:08] {dino} i'm sure that was fun
[15:09] {magoo} i was on bender last 3 days
[15:09] {patience} ok, you win magoo
[15:09] {magoo} thurs, fri, and sat...
[15:09] {magoo} lost 3 lbs..forgot to eat
[15:10] {Threei} http://www.tommygunsvodka.com/products_old.php
[15:10] {Threei} not exact but similar
[15:10] {Chaeron} RIMM?
[15:11] {Chaeron} too late
[15:11] {cosmo} looks like a squirt gun
[15:14] {magoo} i'm confused..are we going up or down here?
[15:14] {Threei} yes
[15:17] {magoo} that helps..ty
[15:18] {Threei} always
[15:27] {magoo} so now green again?
[15:27] {Threei} yup, we never see downturn again
[15:27] {magoo} and your end of days party is canx?
[15:28] {Threei} yeah :(
[15:28] {Chaeron} we'll have a daw 15,000 party
[15:31] {Threei} sounds wierd by BRCM actually not very far from 52 week high
[15:31] {Threei} by = but
[15:31] {magoo} end of days party more fun...women put out easier and more lol
[15:31] {Threei} unlike the rest of the group
[15:41] {Threei} incredible mood swings
[15:48] {Threei} .35 BRCM long if NQ bounces
[15:48] {Threei} and if stays above .30
[15:48] {Threei} .29 stop
[15:51] {Threei} come on NQ, let's try hod again
[15:54] {Chaeron} come on...........................
[15:54] {Threei} nope
[15:55] {Chaeron} sigh
[15:55] {Threei} all good ones fell on morning todays
[15:55] {dino} this market is whacko
[15:55] {Threei} total
[15:56] {Threei} maniak-depressive
[15:57] {dino} agreed
[15:57] {dino} just dropped like 100 pts on dji in 15 minutes
[15:58] {dino} out ozrk .18 -.10
[15:59] {Threei} Ok guys, thank you all
[15:59] {Threei} have a good evening
[16:00] {Threei} see you tomorrow for another sequence of world-ends and their cancellations
[16:00] {dptl} have a good evening all