RealityTrader Trading Log

Tuesday, December 30, 2008

Dec 30 2008

Not terribly active day, as expected. Couple stops, couple wins, barely profitable. AAPL saga brought nice trading opportunity when reluctant denial of a rumor appeared but it was mostly for personal consumption, not the room call.


Session Time: Tue Dec 30 00:00:00 2008

[08:34] {lisa_jay} Good morning.
[08:34] {Threei}  morning lisa
[08:34] {dawg} gm all
[08:34] {Threei}  dawg :)
[08:35] {Threei}  sold 500 SLW 6.57 seeing oil and gold down
[08:35] {patience} good morning RT   :)
[08:35] {Threei}  got 300 more that I picked yesterday at .38
[08:35] {Threei}  patience :)
[08:35] {Threei}  not sure if it's worth holding
[08:35] {Threei}  I guess will dump it if it loses .30
[08:35] {lisa_jay} HI Dawg, Patience.
[08:35] {patience} morning Lisa
[08:35] {dawg} Hello Lisa
[08:36] {patience} wouldn't surprise me if precious metals sulk for a week or so
[08:45] {Larisa1} good morning :)
[08:45] {Threei}  Larisa :)
[08:46] {Threei}  REPORTEDLY GM 8% 2031 BOND FALLS 238BPS FOLLOWING BAILOUT - UNCONFIRMED SOURCE
[08:46] {Onix} Good morning all
[08:46] {Threei}  onix :)
[08:46] {Larisa1} onix, threei :)
[08:47] {Threei}  yesterday around 8:40 pm I decided I am all for chemical castration as method of idiots control
[08:48] {Threei}  driving kids to ferry, temperature drops to freezing point after some rain during the day,
[08:49] {Threei}  on a curvy part of road I hit back ice patch,
[08:49] {Threei}  car fishtails a little, AWD kicks in and evens it out,
[08:49] {Threei}  I take foot off the gas pedal, arriving safely.
[08:50] {Threei}  On my way back, driving at the same spot, there is big SUV, Ford Explorer
[08:51] {Threei}  on this same patch loses control totally, wanders all over the road, by sheer luck avoids hitting concrete divider or car in the next lane.
[08:51] {Threei}  I take foot off gas pedal again,
[08:51] {Threei}  now get this:
[08:51] {Threei}  car behind me, THE SAME MODEL, Explorer,
[08:52] {Threei}  nervously honks and hurriedly passes me sharply swerving around me.
[08:52] {Threei}  Right there, seeing that one with no control 2 seconds ago!
[08:52] {Threei}  Now, do we want these people to procreate?
[08:53] {lisa_jay} We will need someone to buy our shares when we sell for profit Vad.
[08:54] {Threei}  yeah but life expectancy is not high enough for this kind... they won't be around when we hit sell button
[08:56] {Threei}  *OCT CASE SHILLER HOME PRICE INDEX: 158.1 V 161.56 PRIOR; COMPOSITE 20 INDEX: -18% V -17.9%E
[08:56] {Threei}  - prior home price revised from 161.56 to 161.65
[09:13] {magoo} morning
[09:13] {dino} gm all
[09:13] {tomg} good morning 
[09:13] {Threei}  magoo, dino, tom :)
[09:14] {magoo} vad, news GS AAPL FSLR RIMM?
[09:15] {dptl} good morning all
[09:15] {ese} good morning........
[09:15] {Threei}  dp :)
[09:15] {Threei}  not really mags
[09:15] {Threei}  ese :)
[09:16] {ese} heres interesting info for you all.......
[09:16] {ese} it's my birthday tomorow....
[09:17] {Threei}  wow... guaranteed celebration every year even if they forget :)
[09:17] {Threei}  happy birthday :)
[09:17] {ese} yes indeed!!!
[09:17] {ese} tks
[09:17] {magoo} nice ES ..happy bday
[09:17] {tomg} happy birthday ese :)
[09:17] {Onix} hi magoo; dino; tomg
[09:17] {ese} tks tom
[09:18] {ese} morning onix
[09:18] {tomg} hi onix
[09:18] {Onix} hi ese, happy birthday tomorrow!
[09:21] {ese} thnks you
[09:21] {dino} have a happy b-day es
[09:21] {ese} sorry thank you...thats better
[09:22] {ese} tks dino......
[09:22] {patience} happy birthday ese   :)
[09:23] {ese} tks patience.....
[09:30] {gen} gm evrybody :)
[09:30] {Threei}  gen :)
[09:31] {dino} rtlx
[09:32] {Threei}  watching PAL for 2 break
[09:32] {Threei}  I'd prefer it to happen when metals are strong though
[09:35] {Threei}  STLD
[09:35] {Threei}  watching for long if pulls back to .40 -.50
[09:36] {Threei}  half lot, one more leg down
[09:37] {Threei}  or .60 break if holding above .50
[09:38] {Threei}  better
[09:38] {Threei}  .50 break if holding above .40
[09:40] {Threei} Long Setup:  SLW  .33, stop under .20
[09:41] {Threei}  for hard core scalpers under .25
[09:42] {Onix} in .34
[09:42] {dino} rimm sm l .20
[09:44] {dino} stop is .89
[09:45] {Threei}  DEC CHICAGO PURCHASING MANGERS INDEX: 34.1 V 33E
[09:45] {dino} clwr blood
[09:45] {patience} agrium and potash doing well, low volume though, cdn side
[09:46] {ese} L SLW .36 1/2
[09:47] {lisa_jay} targets for trades vad?
[09:47] {dino} rimm stopped -.31
[09:48] {Threei}  SLW half out on the next spike, STLD is just a scalp if works
[09:50] {Threei} Long Setup:  QQQQ  .12 if stays above .05
[09:52] {dino} dxd sm l .60
[09:53] {dino} stop lod
[09:59] {dino} out dxd .00, +.40
[10:00] {patience} the market is moving in slow motion
[10:00] {Threei}  DEC CONSUMER CONFIDENCE: 38 V 45.5E
[10:00] {Threei}  yikes
[10:00] {dino} whew, thought that was me
[10:00] {Threei}  let's rally on this, and we are officially in a bull market
[10:01] {Threei}  STLD no worky
[10:01] {lisa_jay} STLD stopped
[10:02] {ese} Out SLW  too much supply -.06
[10:06] {Threei}  good out
[10:06] {lisa_jay} SLW stopped
[10:06] {Onix} stopped slw
[10:06] {dino} vz sm l .95, stop .62
[10:15] {lisa_jay} STLD rinsed.
[10:15] {Threei}  Qs setup is back
[10:15] {magoo} yes in .08
[10:18] {magoo} u know..i miss those 500 point swings
[10:18] {Threei}  lol
[10:18] {magoo} got used to big movemts
[10:18] {Threei}  they'll be back
[10:18] {Threei}  we are just having holiday boredom
[10:22] {lisa_jay} in q"s
[10:23] {Threei}  STLD, that was rude
[10:28] {Threei}  half out Qs here or scalp, your choice
[10:30] {Onix} ty Vad, i took 12c in q's
[10:30] {lisa_jay} Scalped out Q's got 10c thanks Vad.
[10:30] {dino} last try rimm sm l .95
[10:30] {Threei}  welcome
[10:30] {Threei}  offering second half .28
[10:30] {magoo} .27 here
[10:31] {magoo} out he he
[10:31] {lisa_jay} nice
[10:32] {Threei}  out
[10:32] {magoo} nice call boss
[10:34] {Threei}  barely covered previous stops, lol
[10:34] {magoo} you are only human:)
[10:36] {magoo} can u believe how nice i am being?
[10:36] {patience} i always said, that magoo...he is a real gentleman
[10:37] {Threei}  I can't magoo... I fainted
[10:37] {magoo} :)
[10:37] {patience} meanwhile back at the ranch, i totally missed the momo in cdn banks, ag and energy plays
[10:40] {magoo} haven"t done this in awhile
06[10:40] * magoo slaps patience around a bit with a large new pair of nike running shoes
[10:40] {patience} as long as they are new
[10:45] {lisa_jay} testing
[10:46] {lisa_jay} drys is perky this morning.
[10:46] {ese} back long SLW .29 1/2 lot
[10:47] {magoo} vads, news FSLR?
[10:47] {Threei}  nope
[10:51] {Threei} Long Setup:  LINE  .10 break half lot if stays above 15
[10:55] {magoo} any read PRU vad?
[10:56] {Threei}  mostly mirrors market today
[10:57] {Threei}  probably worth try for bounce scalp on sharp dive under .50
[10:57] {Threei}  smaller shares
[10:58] {Threei}  GM
[10:58] {Threei}  COMPANY HAS REPORTEDLY OBSERVED INCREASE IN SHOWROOM TRAFFIC AFTER ANNOUNCEMENT OF GMAC AS A BANK HOLDING COMPANY
[10:58] {Threei}  - Sales Chief: December sales had been better m/m before announcement of recent incentivized offers, may evaluate return to leasing
[10:58] {Threei}  - Notes that 2009 sales expectations remain unchanged{F}
[11:02] {patience} heading out for a bit, watching brazilian stocks, PBR is one i wanted to trade today
[11:02] {KSystems} good morning
[11:03] {Threei}  KS :)
[11:03] {Onix} hi KS
[11:03] {KSystems} hey vad, onix
[11:03] {Onix} it is so crazy ... when institutions get into trouble, they become banks?
[11:04] {Onix} lke Goldman Sacks & GMAC?
[11:06] {dino} life insueres
[11:06] {dino} insurers
[11:11] {dino} stop rimm .99, +.04 thing won't move
[11:12] {magoo} rimm lost its favor for now
[11:12] {lisa_jay} SVNT
[11:16] {Threei}  had news after market
[11:16] {Threei}  12/29/08 05:01pm
[11:16] {Threei}  [SVNT] Savient Pharmaceuticals Inc. Pegloticase BLA Filing Accepted for Priority Review by FDA
[11:16] {Threei}  - PEGLOTICASE is a novel biological drug for treatment-failure gout (TFG) patients.
[11:16] {Threei}  - Under priority review, the target date for an FDA decision on the pegloticase BLA is April 30, 2009.
[11:20] {Larisa1} magoo hurt RIMM's feelings, moving now :)
[11:21] {Threei}  PLD
[11:21] {Threei}  if losing .40, likely to drop sharply and give nice bounce scalp
[11:21] {dino} wmt sm l .50
[11:21] {magoo} call your entry please..i always chase iin
[11:22] {dino} f'ing rimm
[11:24] {magoo} long aapl here for scalp
[11:24] {magoo} in .18
[11:24] {magoo} stop ..90
[11:26] {magoo} .47 exit
[11:26] {magoo} if gets there
[11:27] {Threei}  SAY
[11:27] {Threei}  DISCLOSES NO LONGER IN COMPLIANCE WITH INDIAN STOCK EXCHANGE RULES DUE TO DIRECTOR RESIGNATIONS RECENTLY - FILING
[11:27] {Threei}  short on .70 break?
[11:27] {Threei}  with stop above .80
[11:27] {magoo} avail
[11:27] {Threei}  it's not news really
[11:28] {Threei}  hard to tell
[11:28] {magoo} missed PRU
[11:29] {magoo} kickin AAPL
[11:30] {Threei}  OK, .69 short but with stop above .75
[11:30] {magoo} pretty good kkick
[11:30] {magoo} out
[11:30] {Threei}  no kidding
[11:30] {Threei}  wtg
[11:30] {magoo} hurt myself tho
[11:31] {Threei}  RIMM won't follow for some reason
[11:31] {Threei}  didn't make even couple cents on this Qs spike
[11:31] {dino} aapl sm l .40
[11:32] {magoo} yeah,..aapl moves still..not as  good as used too..but rimm has quit
[11:38] {Threei}  if market goes for new highs, HIG 16 break for a scalp
06[11:39] * Threei slaps Chaeron around a bit with a large Happy New Year greeting
[11:39] {Chaeron} thanks :) Hi all
[11:40] {Onix} hi Chaeron
[11:41] {Chaeron} hi Onix :)
[11:42] {Threei}  Santa is here but looks pretty much sapless
[11:42] {Threei}  spent
[11:42] {Threei}  exhausted
[11:44] {lisa_jay} futures going up...but HIG not breaking that 16
[11:48] {dino} aapl stop to .80
[11:52] {dino} out +.40
[11:54] {Onix} wtg!
[11:55] {Threei}  nice one
[11:55] {tomg} wtg dino, i got part of it, ty!
[11:55] {dino} ty
[12:01] {dino} i messed up wmt, had .95 and didn't take it
[12:05] {Threei}  CAT
[12:05] {Threei}  half lot long on .50 break
[12:05] {Threei}  stop under .35
[12:06] {Threei}  with any market support is capable of more than scalp
[12:09] {dino} stopped vz .22, +.28
[12:09] {dino} stopped wmt .65, +.15
[12:13] {Threei}  put also KLAC on watch
[12:13] {Threei}  bounce scalp candidate
[12:18] {laserdave1} laserdave1 hits the entire room with santy claus
[12:18] {Threei}  lol
[12:18] {Onix} ty
[12:19] {laserdave1} now tha was imprssive
[12:19] {laserdave1} nprobs
[12:27] {lisa_jay} laserdave1 DCC if you have a minute
[12:30] {dino} itri
[12:30] {dino} ensg
[12:37] {dino} itri sm s .18, risky
[12:40] {Threei}  watching KLAC for possible bounce off .50 and CAT off 43
[12:47] {Threei}  SVNT nice sizeable pullback
[12:48] {dino} stop on itri is .46
[12:49] {Threei}  AAPL
[12:49] {Threei}  reports of Jobs health problems
[12:50] {lisa_jay} sheesh
[12:50] {Threei}  rumors rather
[12:50] {Threei}  if denied, buy all you can
[12:51] {lisa_jay} Drys any read vad?
[12:51] {Threei}  AAPL
[12:51] {Threei}  HEARING WEAKNESS ATTRIBUTED TO VAGUE SPECULATION ON HEALTH OF STEVE JOBS
[12:51] {Threei}  not really
[13:01] {dino} aapl sm l .90, risky
[13:05] {magoo} u in cat vad
[13:08] {dino} vad is the cat
[13:08] {Threei}  no
[13:09] {dino} out aapl .30, +.40
[13:10] {lisa_jay} nice
[13:10] {dino} cpla spike
[13:10] {Threei}  missed it near 43, got distracted
[13:10] {dino} thin
[13:10] {Onix} gj
[13:10] {dino} midd too
[13:10] {magoo} nice dino
[13:10] {dino} thx
[13:21] {lisa_jay} .
[13:26] {dino} cov itri .85, +.33
[13:26] {Onix} nice
[13:26] {dino} ty
[13:27] {Threei}  last time around this happened company was faairly quick to deny rumors
[13:27] {Threei}  I guess traders get nervous about lack of denial
[13:29] {dino} we shall buy it again
[13:29] {magoo} oh no u shant
[13:35] {dino} getting interesting
[13:37] {magoo} o no 
[13:37] {dino} would seem that jobs is the only aapl employee the way it trades
[13:37] {magoo} the only one in research
[13:37] {Onix} SU?
[13:38] {magoo} SU=shut up?
[13:38] {Threei}  lol
[13:38] {Threei}  not sure onix
[13:38] {Onix} :)
[13:41] {dino} esrx
[13:41] {lisa_jay} FFIV
[13:44] {Threei}  half lot CAT .11
[13:45] {dptl} stop under 43?
[13:45] {Threei}  yup
[13:46] {magoo} in cat
[13:46] {lisa_jay} IN
[13:46] {Onix} in .12
[13:47] {ese} talk about your b-flat ordinary tuning type nothing day.   Am still long the molasses version of SLW.  Although i'm +.08 which would put me up  +,02 for the day.
[13:47] {dino} fantastic
[13:48] {lisa_jay} Bright side you are up.
[13:48] {dino} lol
[13:48] {Threei}  more ethusiasm AAPL
[13:48] {ese} huh.....aaahhh oh ya....i'm up!
[13:49] {magoo} hate to chase aapl here
[13:49] {magoo} NEWS AAPL CNBC
[13:49] {Threei}  denial?
[13:50] {ese} he better be alright.......man i just bought his computor.
[13:50] {magoo} yes
[13:50] {Threei}  beautiful
[13:50] {lisa_jay} were u long?
[13:50] {Geo} hi fellow speculators !
[13:50] {Geo} laseedave dcc pls
[13:50] {Threei}  grabbed .18
[13:50] {Threei}  half out CAT
[13:51] {Threei}  CNBC'S GOLDMAN: APPLE DOES NOT COMMENT ON MARKET RUMORS, NOTHING HAS CHANGED FOR PULLING OUT OF MACWORLD CONFERENCE, CITING IRRELEVANCE OF CONVENTIONS
[13:51] {Threei}  stop to .04
[13:52] {dptl} cat?
[13:52] {Threei}  yes
[13:55] {Threei}  this is not real denial, is it
[13:55] {dino} me thinks aapl protests too much
[13:55] {magoo} not a clear denial
[13:55] {Threei}  no
[13:56] {Threei}  market wants to see him doing push-ups
[13:56] {dino} brings back memories of the 3 d's
[13:57] {Threei}  our balance CAT
[13:57] {Threei}  out
[13:57] {lisa_jay} stopped
[13:57] {Onix} stoped CAT
[13:57] {Onix} & stopped
[14:01] {magoo} ditto
[14:01] {Threei}  am I the only one here taking half at 1:1??
[14:02] {dino} you are te only one here
[14:02] {Threei}  oh good
[14:02] {Onix} yup
[14:02] {magoo} yup
[14:03] {Onix} ever hopeful ... i thought 1:1 for CAT was .22 - .24
[14:04] {Threei}  hit.22, stalled... why be so literal in choppy thin market?
[14:05] {Threei}  [13:50] {Threei} half out CAT
[14:05] {Onix} learning every day ... was too fast for me :)
[14:05] {Threei}  SPOKESPERSON: COMPANY WOULD INFORM PUBLIC IF DETERMINED THAT JOBS WAS UNABLE TO PERFORM DUTIES
[14:11] {dino} esrx sm l .60
[14:14] {dino} stop is .33
[14:15] {dino} uhal rocking, thin
[14:17] {Threei}  people are moving a lot recently?
[14:22] {dino} \perhaps
[14:26] {Threei}  8 snowmobilers died in avalnche in BC
[14:31] {Threei}  FMCN
[14:31] {Threei}  SHARES INITIATED WITH BUY RATING AT A BOUTIQUE FIRM, PRICE TARGET $13 (TIMING UNCERTAIN)
[14:35] {magoo} vad..mkt close up big or wha?
[14:36] {Threei}  I doubt it
[14:36] {magoo} feels to magoo up
[14:37] {Threei}  feels up to me too, but big - hardly
[14:37] {patience} is market open all day tomorrow?
[14:37] {Threei}  half
[14:37] {Threei}  I think
[14:37] {patience} ty
[14:38] {dptl} i think its a full day
[14:38] {dino} gass
[14:38] {lisa_jay} Patience are you in PBR?
[14:38] {patience} y
[14:38] {lisa_jay} Where did you pick it up?
[14:38] {lisa_jay} thanks.
[14:38] {patience} 23.40
[14:39] {patience} was waiting for a nice pop after the bollinger bands narrowed so nicely
[14:39] {dino} pabst blue ribbons
[14:39] {patience} not exactly taking off
[14:39] {Threei}  yup... full day
[14:39] {patience} it is a good swing candidate for me
[14:40] {patience} i'm reading up on brazilian stocks, will narrow the list down to 6 and probably trade them in 2009
[14:41] {lisa_jay} The daily looks very nice...
[14:41] {dino} esrx stopped -.27
[14:41] {patience} slow and steady   :)
[14:42] {lisa_jay} Not to jinx it, but if it were to not work out...where would you be stopped out?  Thanks.
[14:43] {patience} in the 21 dollar area...this is a longer play for me
[14:43] {lisa_jay} Ok, thank you.
[14:59] {dino} esrx getting spanked
[15:02] {dino} vz sm l .80
[15:10] {Geo} hey vad dcc if you have a min pls
[15:13] {dino}  vrtx
[15:25] {dino} aapl sm l .70
[15:35] {dino} aapl stoped .25, +.55
[15:35] {lisa_jay} nice
[15:35] {dino} ty
[15:35] {dino} magoo piggy backed it
[15:36] {Threei}  watching CSIQ for pullback into .40- .50
[15:38] {magoo} dino..3:40 spikarolla}????
[15:39] {dino} signs point to yes
[15:39] {dino} esrx big old rinse
[15:41] {Threei}  will take CSIQ if eats through .60
[15:45] {dino} theres 46 pts
[15:45] {dino} should get 60-80
[15:45] {dino} had 50
[15:50] {lisa_jay} anyone got CSiQ?
[15:50] {Onix} went way too fast through 60, 61 etc.
[15:51] {dino} nope
[15:52] {dino} ok +60
[15:52] {Threei}  don't take it on pullback unless willing to hold overnight
[15:52] {Threei}  too close to eod in case you lost track of time
[15:53] {dino} crazy 3:40 bounces go 60-80 points just about every day
[15:55] {magoo} DINOOOOOOO
[15:55] {magoo} called it
[15:56] {dino} 82
[15:57] {dino} out vz .20, +.40
[15:58] {dino} slow day, but 8/11
[15:58] {magoo} DDDDDDDIIIIIIIIIIIIIIIIIIIIIIINNNNNNNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
[16:00] {dptl} have a good evening all
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good evening, see you tomorrow for the last session of this tortured year
[16:01] {magoo} ty boss
[16:01] {dino} take care all
[16:01] {dino} thx for ideas
[16:03] {dawg} thanks everyone