RealityTrader Trading Log

Monday, August 18, 2008

Aug 18 2008

[08:49] {hawkfan4} good morning
[08:52] {cosmo} brave new week
[08:52] {hawkfan4} always an adventure
[08:55] {Threei} Good morning RT!
[08:55] {hawkfan4} welcome back Vad
[08:55] {Threei} thank you :)
[08:56] {Threei} how was the week?
[08:56] {Raven}
3 weak
[08:57] {hawkfan4} pretty good actually. was over goal going into friday, started to give back some so i shut it down
[08:57] {Threei} nice
[08:57] {Threei} what's moving?
[08:57] {Raven}
3 you had more fun
[08:57] {cosmo} DYAX
[08:58] {cosmo} 5.60 so far
[08:58] {hawkfan4} UAUA/oil still working, scalping USO
[09:00] {Threei} 07:30am [DYAX] Reports that DX-88 for Hereditary Angioedema met primary and secondary endpoints in a Phase III trial
[09:01] {Threei} couple of quick and dirty done highlights: http://realitytrader.com/vad/A/
[09:02] {hawkfan4} wow, that looks really cool
[09:03] {cosmo} you wore cleats?
[09:03] {Threei} helicopter tour to glacier
[09:03] {Threei} stuff right out of Discovery channel, things you'd never think you could see other than on TV
[09:04] {cosmo} any bears?
[09:04] {Threei} not within easy reach
[09:04] {Threei} couple stunning bald eagle photos
[09:04] {Raven}
3 nice
[09:06] {Raven}
3 sheesh ... glacial surface looks like it is downwind of Pittsburg
[09:07] {cosmo} ?
[09:07] {Raven}
3 dirty
[09:07] {cosmo} ah
[09:07] {Raven}
3 try some coffee, cosmo, might help
[09:08] {hawkfan4} lol
[09:08] {judijim} good morning all and welcome back VAD
[09:08] {Threei} hi jj, thank you :)
[09:10] {cosmo} ice coffee?
[09:10] {cosmo} nah
[09:10] {Raven}
3 dig under the surface first
[09:11] {Threei} I see financials do not fare particularly well
[09:11] {Threei} was mostly oil that motivated the market?
[09:11] {Raven}
3 I'm sure that comes as a surprise to you ... financials :)
[09:11] {Threei} hehe
[09:12] {fernp} Good morning all
[09:12] {fernp} welcome back Vad
[09:12] {Threei} morning fern, thank you
[09:13] {Raven}
3 you missed an interesting week in Georgia, 3i ...
[09:13] {Threei} did take quick look on TV now and then
[09:13] {Threei} so mostly know what happened
[09:14] {Raven}
3 1950's again ?
[09:14] {Threei} attempt at, sure
[09:14] {Threei} well timed too
[09:14] {Raven}
3 sheesh
[09:14] {cosmo} 1984?
[09:14] {Threei} and executed quite competently
[09:15] {Raven}
3 executed is the word
[09:15] {Threei} no doubt send shudders through all the former vassals
[09:15] {Raven}
3 and through everybody else
[09:16] {Threei} well should
[09:16] {Threei} re-emergence of power with such level of, umm, benevolence...
[09:17] {Threei} eager to take revenge for humiliation of last decades
[09:17] {cosmo} let go of blame and shame, i say...
[09:18] {Raven}
3 this is not the 21st century, cosmo ....
[09:18] {cosmo} more like the 13th
[09:18] {Raven}
3 many in the world still in the 7th
[09:20] {peterg} welcome to the real world, neo! (from movie)
[09:21] {peterg} same as gm all
[09:21] {peterg} blue pill or red pill, rbr?
[09:21] {Raven}
3 no pills but I do need some tea ...
[09:22] {Threei} hi peter
[09:22] {peterg} welcome back vad
[09:22] {Threei} thank you
[09:22] {tomg} gm all, welcome back, vad :)
[09:22] {Threei} tom :)
[09:22] {cosmo} CDNS
[09:23] {Threei} here is what I wanted to do all week:
06[09:23] * Threei slaps magoo around a bit with a large trout
[09:23] {magoo} VAD!!!!!!!!!!!!!!
[09:23] {magoo} how was vaca?
[09:23] {Threei} hi mags :)
[09:23] {Threei} fantastic
[09:23] {Threei} what a majestic place
[09:24] {Threei} [09:01] {Threei} couple of quick and dirty done highlights: http://realitytrader.com/vad/A/
[09:24] {magoo} yes...its a lifetime type vacation
[09:24] {Threei} 00:21am [CDNS] CitiGroup Raised CDNS to Buy from Hold, price target: $11.50
[09:25] {Threei} I wish there was no all-you-can-eat though
[09:25] {Threei} dino predicted +12 lb... I managed to keep it down to +5
[09:27] {Raven}
3 lol
[09:27] {magoo} nice pics vad, i did the chopper ride to glaciers
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:27] {Threei} loved every minute of it mags
[09:28] {magoo} we did alaskan criuse for honeymoon
[09:28] {Threei} especially pilot's request not to use a handle on the door as support, lest door gets torn off
[09:28] {Threei} when we returned to base I asked if I can do it now,
[09:28] {Threei} on pilot's question "why??" sdaid "I want to boast I tore it off with my bare hands"
[09:29] {hawkfan4} :)
[09:29] {Threei} our flight was first in 4 days, rain kept tham grounded
[09:29] {Threei} a lot of disappointed people I guess... I got lucky to have decent weather
[09:29] {Raven}
3 chopper flew from ship or ground base ?
[09:30] {Threei} ground base
[09:31] {Raven}
3 k
[09:31] {Threei} USO still moving up, watching for setback
[09:31] {Threei} relation with UAUA looks valid
[09:32] {Threei} .75 support so far, want a little pullback now, bottoming out not lower than that
[09:34] {Threei} unclear here
[09:34] {Threei} need sharp USO move
[09:36] {Threei} .66 long if stays above .60
[09:36] {magoo} wow..its dowen
[09:37] {magoo} can see my improvemt in spelling while away vad?
[09:37] {Threei} hehe
[09:37] {magoo} dowen
[09:37] {Threei} .51 long if stays above .45
[09:38] {magoo} in .54
[09:40] {Threei} half out.70
[09:40] {cosmo} CDNS hod= 8.08
[09:40] {magoo} out .74
[09:40] {magoo} TY
[09:40] {Threei} :)
[09:40] {magoo} u still got it he he
[09:42] {Threei} DYAX worth a trry long 5.15 with stop under
[09:43] {magoo} dyax avail short too fwiw
[09:43] {cosmo} CDNS tests
[09:44] {cosmo} ..almost
[09:46] {Threei} (RU) US OFFICIAL SAYS THAT SIGNS "SO FAR" ARE THAT THERE HAS BEEN NO WITHDRAWAL OF RUSSIAN TROOPS FROM GEORGIA
[09:48] {Threei} .66 long UAUA
[09:48] {Threei} if stays above .55
[09:53] {Roman}
21 HK
[09:53] {Roman}
21 long .55
[09:53] {Roman}
21 stop under 29
[09:53] {Threei} 1:1 UAUA
[09:53] {Threei} half out or scalp, watever you feel like
[09:53] {Threei} jerky here
[10:02] {Threei} if USO loses 92.50 UAUA has a shot at more
[10:02] {Threei} USO staus close to this support, doesn't bounce
[10:02] {Threei} likely to losde it
[10:07] {Threei} .61 long UAUA
[10:07] {Threei} if stays above .55
[10:08] {Threei} USO lost support
[10:08] {magoo} in
[10:18] {Threei} stopped
[10:18] {Threei} scalp was it
[10:18] {Threei} got greedy
[10:19] {magoo} it stalled too lomng there
[10:20] {Threei} yup
[10:27] {Threei} THE FCC HAS APPROVED THE GOOGLE ANDROID PHONE, AND DOCUMENTS SUGGEST A RELEASE DATE COULD BE NOV 10 - VENTUREBEAT.COM (TIMING UNCERTAIN)
[10:27] {Threei} - note: the Nov 10 date is in line with Google's statements that it would be released in 2H 2008, though some analysts have speculated about a launch date as early as Sept.
[10:35] {Threei} DYAX 5 break long if stays above 4.90
[10:36] {Threei} USO fooled us eh?
[10:36] {magoo} yup
[10:43] {magoo} now UAUA insults us
[10:44] {Threei} (RU) RUSSIAN TANKS ARE REPORTEDLY DESTROYING GEORGIAN POLICE CARS
[10:44] {Threei} you are not kidding mags
[10:50] {Threei} new low USO
[10:55] {magoo} im smackinf uaua overhead just to knock it down for spite
[10:58] {Threei} you in?
[10:59] {magoo} no
[10:59] {magoo} u?
[10:59] {Threei} no
[11:00] {Threei} need USO to take out low
[11:00] {Threei} while preferrably staying under .50
[11:00] {Threei} in now
[11:01] {magoo} where?
[11:01] {Threei} .43
[11:02] {Threei} half out .57
[11:02] {Threei} stop .39
[11:03] {hawkfan4} 1/2 out + .16
[11:04] {Threei} half out DYAX .15
[11:05] {Threei} stopped second half UAUA
[11:07] {Threei} overtightened it I guess
[11:07] {Threei} prefer to stay on a conservative side
[11:08] {Threei} yeah... too conservative, lol
[11:11] {hawkfan4} out rest +.35, thx
[11:11] {Threei} welcome
[11:15] {Threei} USO loss of 90.50 should send UAUA over 15
[11:15] {Threei} grr
[11:15] {Threei} went therer not even waiting for USO
[11:15] {magoo} uuuuuuuuuuuhhhhhhhhhhhhhhhgggggggggggggggggg
[11:16] {Threei} USO found support so far
[11:17] {Threei} let it play out, bounce can be vicious
[11:17] {Threei} in fact, I'd try long USO with stop under .50
[11:18] {magoo} thats what i was thinking
[11:19] {dptl} got to leave early...have a good rest of the day all:)
[11:19] {Threei} take care dp :)
[11:20] {Threei} first strength from here USO
[11:20] {magoo} bye dp:)
[11:20] {Threei} lost .50, no play
[11:21] {Threei} maybe just a headfake
[11:21] {Threei} hard to tell
[11:21] {Threei} staying on a sideline
[11:23] {Threei} ugh, was a buy on that dive
[11:27] {peterg} arba
[11:27] {Threei} no news that I see
[11:32] {Threei} anyone had mor conviction than I did for USO long?
[11:34] {hawkfan4} i got +.20 out of it, thx :)
[11:35] {Threei} :)
06[11:38] * Threei slaps Chaeron around a bit with a large trout
[11:38] {Chaeron} Good morning everyone
06[11:38] * Chaeron slaps Threei around a bit with a large trout
[11:38] {Threei} hi Chaeron :)
[11:38] {Chaeron} welcome back buddy
[11:38] {Threei} thank you
06[11:43] * magoo slaps Chaeron around a bit with a large trout
[11:44] {Chaeron} hi magoo :)
[11:45] {Threei} most likely one more USO spike before it retreats
[11:45] {Threei} if it takes UAUA down into 14.50, will be interesting for bounce scalp
[12:03] {Threei} watching for dopuble top around 92
[12:03] {Threei} want to see one more advance to it, then drop
[12:06] {Threei} here comes advance
[12:07] {Threei} UAUA is close enough to .50 to grab it if USO drop quickly
[12:07] {Threei} in .55
[12:08] {Threei} .45 stop
[12:09] {Threei} die USO
[12:09] {Threei} good boy, lose .50 now
[12:12] {Threei} thing of beauty
[12:13] {Threei} half out or take scalp, whatever you fancy
[12:14] {Threei} any takers?
[12:15] {Threei} come on, play laid out well in advance and developed exactly according to scenario
[12:16] {hawkfan4} i got it , in .56, 1/2 out .74
[12:17] {Threei} whew
[12:17] {Threei} thank you
[12:17] {hawkfan4} lol
[12:17] {Threei} :)
[12:19] {magoo} i didn't like long call with mkts here heading down
[12:51] {magoo} .
[12:51] {Threei} USO .11 long if stays above 91.90
[12:52] {Threei} if loses it, eyeing UAUA long at .51
[12:52] {Threei} in UAUA aggresively
[12:52] {Threei} stop .35
[12:53] {Threei} got .45... fast spike
06[12:54] * magoo slaps laserdave1 around a bit with a large trout
[12:56] {magoo} c'mon..no one else
06[12:56] * Threei slaps laserdave1 around a bit with a large trout
[12:56] {Threei} out .59
[13:00] {Threei} AUG NAHB HOUSING MARKET INDEX: 16 V 16E
[13:00] {Threei} {XHB}
[13:02] {magoo} pretty good...take vaca..make $$..and slap someone..livin the dream
[13:02] {hawkfan4} out .72 from .55, thx vad
[13:03] {Threei} :)
06[13:37] * Chaeron slaps laserdave1 around a bit with a large trout
[13:37] {Threei} local outage
[13:37] {Threei} back on
[13:49] {Threei} am I here?
[13:49] {hawkfan4} no
[13:49] {Threei} or anyone else, for that matter?
[13:50] {patience} not really
[13:50] {Threei} thought so
[13:56] {magoo} am i?
[13:56] {Threei} just noticed... FNM is shortable again
[13:56] {Threei} too bad I haven't looked earlier
[13:57] {Threei} 7 breakdown was clean setup
[14:00] {Threei} 6.40 break probably worth a try
[14:00] {Threei} feels like down is the only way for it
[14:05] {Threei} watching where it tops out to define a stop
[14:06] {Threei} also, .80 break long DYAX for a scalp into close, 4.68 stop
[14:16] {Threei} USO sharp drop under 91 would be very welcome now that UAUA is so close to support at .50
[14:17] {Threei} so far FNM tops just above .50
[14:17] {Threei} if stays this way .40 break is a good short
[14:19] {Threei} GM
[14:19] {Threei} REPORTEDLY OFFERING EMPLOYEE PRICES ON MOST 2008 MODELS
[14:28] {Threei} is it me or quotes misbehave?
[14:29] {hawkfan4} mine are ok
[14:30] {Threei} ty, my connection probably
[14:58] {Threei} half out DYAX
[15:00] {Threei} anyone takie?
04[15:00] -} [Threei] PING
[15:00] {hawkfan4} yes sir, offering 1/2
[15:00] {Threei} :)
[15:00] {Threei} FNM low
[15:08] {hawkfan4} out 1/2 dyax +.14
[15:13] {Threei} where is DYAX?
[15:13] {hawkfan4} 5.01 x 5.02
[15:13] {Threei} ty, I am out then
[15:13] {Threei} and FNM?
[15:13] {hawkfan4} .44
[15:13] {Threei} didn't break .40 yet?
[15:14] {hawkfan4} once earlier
[15:14] {hawkfan4} low .36
[15:14] {Threei} ty
[15:14] {Threei} will try to reset modem, brb
[15:36] {Threei} back
[15:38] {hawkfan4} FNM new low
[15:39] {Threei} where is it now?
[15:39] {hawkfan4} .25 x .26
[15:39] {Threei} cool beans
[15:39] {Threei} getting quotes now
[15:40] {Threei} missed short because of connection issues
[15:40] {hawkfan4} 1/2 out + .18
[15:40] {Threei} wtg
[15:40] {Threei} hey, very nice day
[15:40] {hawkfan4} thx :)
[15:40] {Threei} good to be in shape after vacation
[15:41] {hawkfan4} very nice indeed
[15:41] {Threei} DYAX worked like charm
[15:41] {Threei} most of UAUAs did
[15:41] {Threei} FNM did
[15:42] {Threei} most of the room slept right through all of those
[15:42] {peterg} ya
[15:42] {hawkfan4} lol, i must have had too much coffee this morning
[15:44] {peterg} off for now; c u all tomrw
[15:44] {Threei} take care peter
[15:44] {peterg} u2
[15:45] {hawkfan4} out rest FNM + .24. thx again
[15:45] {Threei} welcome
[15:45] {Threei} don't want to carry FNM short pvernight
[15:46] {Threei} but really... seems there is no bottom
[15:46] {Chaeron} negative number territory?
[15:46] {Threei} will rather look tomorrow for new entry, don't want to get caught into some engenieered news/spike
[15:46] {Threei} ummm
[15:46] {Threei} magoo can have that spelling
[15:46] {Threei} floor is yours sir
[15:56] {Threei} OK guys, thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {hawkfan4} thx vad , cya
[15:56] {magoo} nice to have u back vad
[15:56] {Threei} nice to be back
[15:57] {judijim} nice to have you back, be back tomorrow