Realitytrader TradeLog - May 15, 2007
Session Start: Tue May 15 00:00:00 2007
Session Time: Tue May 15 00:00:00 2007
[05:18] {craigaudio} gm guys
[05:18] {DaveG} gm
[05:30] {craigaudio} AMGN down to 53 area.
[05:32] {Roman} Core CPI y/y +2.3% vs +2.4% Bloomberg Consensus, prior +2.5%
[05:32] {Roman} Core CPI m/m +0.2% vs +0.2% consensus, prior +0.1%
[05:32] {Roman} JASO JA Solar beats by $0.03; reaffirms FY07 guidance (27.89 )
[05:33] {Roman} ATEA Astea Intl reports Q1 EPS of $0.36 vs ($0.64) in 1Q06; revs rose 105% YoY to $7.8 mln (5.62 )
[05:34] {Roman} ATEA on radar today
[05:35] {craigaudio} hi roman
[05:35] {Roman} hey craig
[05:36] {gabby} morning craig, roman
[05:36] {gabby} DaveG
[05:36] {craigaudio} hey gabby
[05:36] {Roman} hey gabby
[05:36] {Roman} ATEA is a mover
[05:36] {Roman} fantastic earnings
[05:36] {Roman} looking at monthly chart, this stock can move
[05:37] {craigaudio} yes. revenues 100% rise!
[05:37] {Roman} i am bidding at 7
[05:37] {Roman} in case it pullsback
[05:38] * Threei bids 7.01, to annoy Roman
[05:38] {Threei} good morning guys :)
[05:38] {Roman} morning Vad
[05:38] {Threei} hi :)
[05:38] {craigaudio} if i have a company im interested in. how do i find when it next reports its results? apart from on their website.
[05:38] {gabby} gm vad
[05:39] {Threei} gabby :)
[05:39] {DaveG} yahoo craig
[05:39] {craigaudio} i use yahoo finance at the moment but cant find that information on the site
[05:39] {DaveG} oh
[05:39] {Roman} http://earnings.com
[05:40] {craigaudio} thanks roman. currently writing my step by step approach to putting on swings. thats one of my stages
[05:41] {Roman} i see
[05:42] {craigaudio} not rushing into swings at the moment though. obviously not til ive finished my research
[05:44] {Roman} what do you look for in a typical swing setup?
[05:44] {craigaudio} not sure yet. im formulating an approach. still work in progress.
[05:45] {craigaudio} maybe you can advise me. what do you look for?
[05:45] {Roman} 1st to make some $$$ :)
[05:45] {Threei} obvious answer would be "profit"... probably not what Roma is asking though :)
[05:45] {Threei} lol
[05:45] {DaveG} blondes
[05:45] {craigaudio} jeez i thought we were talking stocks not swingers parties
[05:46] {Threei} Dave is abusing Raven being distracted lately
[05:46] {Roman} hey Dave if you win that CNBC challange, you'll definately do well with Blondes
[05:46] {DaveG} :)
[05:46] {Threei} he won't Roman... remember you and I already shared his future winning
[05:46] {Threei} not leabing much for him
[05:46] {Roman} craig: I like setups such as USEG
[05:46] {Roman} uptranding charts
[05:47] {magoo} morning
[05:47] {Threei} magoo :)
[05:48] {craigaudio} im thinking of first looking at the charts to get swing candidates. then doing some simple fundamental research to make sure the company isnt going bankrupt or anything
[05:48] {craigaudio} so i dont get any unfortunate surprises
[05:49] {Roman} good idea, but the chart will alert you of any issues in advance (better than reading the balance sheet)
[05:49] {Roman} IMO
[05:49] {craigaudio} yes
[05:50] {Roman} but it's a good practice to check fundamentals anyway
[05:50] {Roman} what's your hold on typical swing?
[05:50] {craigaudio} yes. just simple stuff. not too much overhead. thats what im trying to put in step by step procedure to streamline the process
[05:50] {Roman} timewise
[05:51] {DaveG} i'll sell you my cnbc method
[05:51] {Roman} look at this guy, not only he gets $1mil, he is selling products in here too
[05:51] {Roman} unreal
[05:51] {DaveG} lol
[05:51] {gabby} AMGN little bounce
[05:51] {craigaudio} yes make it faster as im lazy and its boring isnt it... look at PE, assets v's liabilities,...just simple checks
[05:52] {Threei} he is acting wise Roman... he prepares back-up source of income in case we really grab his winning
[05:52] {Threei} (which we will)
[05:52] {Roman} nice :)
[05:52] {DaveG} i was working on my acceptance speech last night vad
[05:53] {Roman} magoo, keep an eye on ATEA, reported blowout earnings
[05:53] {Roman} old mover
[05:53] {Threei} and vows?
[05:53] {DaveG} lol
[05:53] {Threei} I need to start working on mine Dave
[05:53] {Roman} Dave, when does this Challenge end?
[05:54] {DaveG} week from fri
[05:55] {Threei} Roman... we are about to get rich thanks to Dave, and we don't even know when the contest ends... nice racket eh?
[05:55] {Roman} JASO reported
[05:55] {Roman} :)
[05:56] {Threei} ATEA 1 min starts looking like breakout at 7.80 - as long as you can trust pre-market charts
[06:00] {magoo} vad, u make out ok on doc apptment?
[06:00] {Threei} so far so good... but this is jjust the beginning and they promise it will get tougher :)
[06:01] {craigaudio} yes. cant have you dropping on us. ive only just signed up to the room.
[06:01] {Threei} wosrt case, I'll be here in spirit
[06:01] {Threei} I am not that easy to get rid of, you know
[06:02] {craigaudio} i have my bottle of vodka in desk drawer.
[06:03] {_ted123} Hi
[06:03] {Threei} ted :)
[06:07] {dptl} good morning all
[06:10] {Threei} dp :)
[06:10] {dino} gm all
[06:10] {Threei} dino :)
[06:11] {magoo} sheesh vasd
[06:11] {esemde} gm everyone
[06:12] {Threei} esemde :)
[06:12] {magoo} AMGN vad, lets follow it today
[06:12] {craigaudio} i know magoo. didnt you say the other day to 50
[06:13] {magoo} laserheads, do not forget we can also short ARAE
[06:13] {magoo} ATEA
[06:13] {dino} craig, our office vodka stays in the freezer
[06:14] {Threei} 52.10 so far looks like next short trigger on AMGN magoo... with stop above .30
[06:14] {Threei} sheesh, lol
[06:14] {craigaudio} futures gapping down
[06:16] {Threei} scary thing
[06:16] {Threei} especially pre-market
[06:16] {magoo} for day tho..prob 50 area
[06:17] {Threei} with this type of movers question always is, can you handle the volatility
[06:17] {gabby} vol AMGN pre mkt over 7,000,000
[06:17] {craigaudio} you shorting amgn here. just hit 52.10. i presume the play was the bounce up to resistence then to drop lower
[06:17] {Threei} I am hesitant on it pre-market craig
[06:18] {Threei} it's one of those jumpers
[06:18] {craigaudio} yes
[06:19] {Threei} risk evaluation goes first
[06:19] {craigaudio} seems to have buyers stepping in
[06:23] {cosmo} JASO
[06:24] {dino} winn hmmm
[06:25] {cosmo} JASO: ... Earnings Conference Call (happening now)
[06:26] {magoo} jaso..good or bad report?
[06:26] {cosmo} good rpt. ...wierd
[06:26] {cosmo} checking
[06:27] {gabby} amazing the way price drops with good news
[06:27] {lklarson} morning all
[06:27] {Threei} lkl :)
[06:28] {craigaudio} hey larson
[06:28] {cosmo} gabby....someone long out there has some really heavy karma, i figure
[06:30] {cosmo} atea
[06:32] {Threei} AMGN short under .50 if stays below .80, SMALL SHARES
[06:35] {Threei} invalidated
[06:35] {dino} s winn .24 risky
[06:35] {Roman} ATEA pop
[06:36] {magoo} caught it .790
[06:38] {gabby} had it alarmed with buy order. ran right threough:-(
[06:38] {craigaudio} i got 8.01
[06:40] {Roman} GLNG vad?
[06:40] {Threei} volume is too low...
[06:41] {Threei} tough call
[06:41] {magoo} ATEA going 9 RISKI
[06:41] {craigaudio} im out half ATEA +.40
[06:41] {Threei} wtg
[06:42] {dino} nice
[06:42] {Threei} USEY?
[06:43] {Threei} what was that
[06:45] {Threei} SINA small shares long on pullback around .50 or break .96, whichever comes first
[06:45] {Roman} ONT On2 Technologies: Akamai announces live streaming for Adobe Flash Player Video (3.05 +0.13)
[06:47] {esemde} HTLD making a break for it
[06:47] {Threei} AZPN 14.81 long
[06:48] {esemde} azpn better play than htld
[06:48] {Threei} .65 stop
[06:48] {craigaudio} sina pulling back
[06:48] {Roman} GOAM pop
[06:51] {craigaudio} sina still a play vad? NQ below opening range
[06:51] {Threei} it is
[06:52] {Threei} so far support .60
[06:52] {Threei} stop right under it
[06:53] {craigaudio} didnt get filled damn it
[06:53] {Threei} 1:1 in a hurry
[06:53] {Threei} anyone got it?
[06:53] {magoo} missed
[06:53] {craigaudio} that sucks. good job vad
[06:53] {Threei} don't chaswe
[06:54] {magoo} took az..wromg one
[06:54] {craigaudio} gave a limit of 3 cents too and still blew through
[06:54] {Threei} az?
[06:54] {magoo} AZPN
[06:54] {Threei} it never triggered?
[06:55] {Roman} Rice says UNITED STATES WILL NOT ALLOW RUSSIA TO VETO ITS PLANS TO BUILD MISSILE DEFENCE SHIELD IN EUROPE - Reuters
[06:55] {magoo} aggressive entry .79 vad
[06:56] {Threei} I see... with such wall at .80, I'd prefer to wait and see if it's able to break it
[06:56] {Threei} I still like the play
[06:59] {Threei} mama mia SINA
[06:59] {craigaudio} wow. that would have made my day
[06:59] {Threei} whoever said not to chase should be hooked through the upper lip and dragged by the truck through main street
[07:00] {craigaudio} sic
[07:01] {dino} cov winn .00, +.24\
[07:01] {craigaudio} YM reversed. NQ selling off
[07:02] {craigaudio} short on AZPN?
[07:02] {Threei} nah
[07:02] {Threei} invalidated as long but I wouldn't shor't it
[07:03] {craigaudio} BOBJ?
[07:06] {magoo} ATEA reloading
[07:06] {magoo} 9
[07:07] {craigaudio} go for it
[07:07] {craigaudio} im long bobj
[07:09] {magoo} waiting .91
[07:10] {esemde} SBGI ..
[07:11] {craigaudio} SBGI needs to break that 155 barrior
[07:11] {esemde} yup..
[07:12] {dino} gs l .93
[07:12] {esemde} i like that 100,000sh buy though
[07:12] {_davegroom} market is off like a Ferrari
[07:13] {Threei} CELG small shares 65.11 long
[07:13] {Threei} 64.85 stop
[07:14] {Roman} CTIB high
[07:14] {Threei} if breaks from here, stop 64.95
[07:15] {dino} out gs flat
[07:15] {esemde} SBGI chart looks like Celg chart
[07:15] {craigaudio} offering ATEA out at 8.94
[07:16] {Threei} good one guys
[07:17] {magoo} out
[07:18] {craigaudio} nice reversals in futures
[07:21] {magoo} ATEA, .18 long trigger to go .48 area...breathe...
[07:23] {craigaudio} DADE
[07:23] {craigaudio} CELG fired
[07:23] {Threei} yup
[07:25] {craigaudio} AAUK a runner
[07:26] {magoo} ATEAstop .99
[07:27] {magoo} out
[07:27] {craigaudio} fell flat through 9
[07:29] {magoo} well, its up over 50%...dangerous now..easy $$ to 9
[07:32] {craigaudio} aapl
[07:32] {Threei} AMGN .29 short, stop .51 SMALL SHARES
[07:33] {Threei} no worky CELG
[07:33] {magoo} u know, i took that also
[07:33] {craigaudio} nope
[07:33] {magoo} so i took your to dogs, missed a bck...SIGH
[07:34] {craigaudio} SINA gave it all back
[07:34] {craigaudio} NQ following the YM
[07:36] {dptl} what's YM?
[07:36] {craigaudio} the mini dow. futures.
[07:36] {craigaudio} @YM on TS
[07:37] {dptl} oo....i see
[07:37] {_davegroom} thnx
[07:39] {craigaudio} TTEC nice reversal
[07:39] {craigaudio} lovely U move
[07:39] {dino} mpel s .04
[07:39] {esemde} SBGI Vad is it moving too slow for a breakout
[07:40] {esemde} scratch that question....it's following the market down
[07:41] {dino} winn s .44, hl
[07:41] {Threei} yeah
[07:45] {craigaudio} YRCW for break?
[07:46] {Threei} for ascalp only
[07:49] {esemde} anad...
[07:52] {craigaudio} ATEA forming 5min ascending triangle
[07:58] {craigaudio} stopped YRCW
[08:00] {Threei} watching CECO for short .25 trigger if stays under .45
[08:00] {Threei} aggressive entry possible, half lot
[08:05] {Threei} finger on a trigger, waiting for NQ reversal
[08:07] {craigaudio} took aggressive entry on CECO. stopped out
[08:08] {craigaudio} not having the best day
[08:11] {Threei} AMZN .30 short
[08:11] {Threei} .56 stop
[08:12] {lklarson} out amgn 1:1
[08:12] {dino} etg
[08:17] {magoo} out amgn .99
[08:18] {magoo} ty vad
[08:18] {magoo} 2 for 4
[08:18] {Threei} welcome... not much readable out there so far
[08:19] {magoo} my fautl..i jumped AZPN..and missed sina
[08:19] {dino} tbsi s .88
[08:20] {Threei} SINA is my fault somewhat... I felt strongly that aggressive entry would work on it and hesitated to call it
[08:21] {magoo} and sina more my style...fast and furious
[08:21] {Roman} AVNR near high
[08:23] {dino} clrk s .57
[08:24] {dino} winn stopped
[08:26] {craigaudio} what about NUAN if breaks 16
[08:27] {Threei} I like it
[08:27] {Threei} desirable if stays abovce .90
[08:27] {craigaudio} but it could also form a double top on 5 mion chart if it doesnt break 16
[08:28] {craigaudio} so potential short too
[08:28] {Roman} SPTN thin on radar for a breakout
[08:29] {esemde} have a great day everyone!
[08:29] {Threei} take care esemde
[08:29] {DaveG} u2
[08:30] {craigaudio} nuan fired
[08:30] {lklarson} in nuan 16
[08:30] {Roman} NAPS
[08:31] {craigaudio} didnt get filled fully again
[08:31] {Threei} news?
[08:31] {Roman} NAPS Napster and Motorola Enter Unique Marketing Agreement for the US, UK and German Markets (4.24 +0.17)
[08:31] {Threei} in
[08:32] {Threei} needs to break .30
[08:32] {craigaudio} your in naps Vad?
[08:32] {Threei} yeah, stop under 4
[08:33] {Roman} The co and Motorola (MOT) announce a unique marketing agreement that will bring Napster's on demand music subscription service to mobile consumers.
[08:33] {Roman} AVNR high
[08:35] {Threei} stop to 4.09
[08:38] {Roman} AVNR looks pretty good
[08:42] {Roman} observing CAAS
[08:42] {Roman} reported earnings yesterday
[08:43] {Threei} come on NAPS, if this news can't move you, you are total dog
[08:44] {Threei} stop to .14
[08:45] {Threei} BRKR interesting
[08:45] {Threei} a bit late...
[09:01] {dptl} hellooooo.......... any one there/awake?
[09:01] {Threei} no
[09:02] {dptl} ok
[09:03] {craigaudio} stopped naps
[09:03] {craigaudio} prob quit for the day if next trade goes wrong
[09:10] {dino} l icfi .30
[09:11] {dino} .29
[09:18] {magoo} i can not stand the ANGST that we kreep having BIG up days and room has little to trade
[09:26] {Threei} that would be what, 100th time we go over this? :)
[09:26] {magoo} nah
[09:26] {magoo} but it sux
[09:26] {craigaudio} mnst
[09:26] {magoo} i feeling what rev shark writes about
[09:26] {craigaudio} news play
[09:27] {Threei} if you do one comparison, you will find intersting thing:
[09:27] {magoo} alot traders not majking $$ but all u see is RALLy
[09:27] {dino} whats the news
[09:27] {craigaudio} actually no news
[09:27] {Threei} you perform better on down or range days than you do on big up days
[09:27] {dino} ty
[09:29] {Roman} MNST Monster Worldwide spikes to session highs; strength attributed to chatter that co has pulled out of a conference, leading to renewed M&A speculation (47.17 +1.00) -Update-
[09:30] {dino} ty rfr
[09:30] {craigaudio} took a risk on mnst long +.25
[09:30] {dino} risk is my business
[09:30] {craigaudio} watch it fall back down once its declared nonsense
[09:31] {craigaudio} jeez should have held
[09:33] {craigaudio} MHK had a similar rumour the other day and went up only to come right back down
[09:39] {_davegroom} Now that it is slow I've got a question about sizing. Because I'm trading paper and not in the real market is it realistic to put in a lot say around 3000 shares in NUAN for example and hide it in a reserve num
[09:40] {Threei} sure
[09:40] {dino} fwiw, mostly i trade 700 lots
[09:40] {Threei} you can show 100 shares
[09:40] {Threei} with any actual number behind it
[09:41] {magoo} in level 2 settings right vad?
[09:41] {Threei} yes
[09:41] {Threei} Under General tab
[09:43] {_davegroom} Got the video btw
[09:43] {Threei} :)
[09:44] {_davegroom} thnx
[09:50] {dino} l ebay .oo
[09:58] {dino} cov tbsi .38, +.50, stopped icfi -.29
[09:59] {Threei} DRYS nonstop
[10:06] {craigaudio} stopped ebay
[10:06] {craigaudio} taking a break for hour
[10:07] {Roman} U.S. NAHB housing market index drops to 30 in May (consensus 33) from 33 in April - Reuters
[10:07] {Threei} DRYS fast selling under .50 for bounce
[10:07] {Roman} CTIB animal
[10:12] {craigaudio} GM motors
[10:14] {magoo} vad, u take DRYS?
[10:15] {Threei} no... wanted it under .50 on sharp vertical drop
[10:16] {Threei} be back in 15
[10:19] {Roman} ALKS spike
[10:35] {Threei} FRPT over .60 is half lot long with stop under .40 or short under .40 with stop above .60
[10:35] {Threei} scalp only
[10:43] {Threei} .74 short DRYS small shares, stop .95
[10:46] {dino} ebay stopped -.22
[10:47] {Threei} .39 short BRCM with .51 stop
[10:52] {dino} shfl s .74, stop .03
[10:53] {Threei} FRPT stop to .55
[10:54] {Chaeron} Television evangelist Falwell dies at 73 - LYNCHBURG, Va. - The Rev. Jerry Falwell, who founded the Moral Majority and built the religious right into a political force, died Tuesday shortly after being found unconscious in his office at Liberty University, a school executive said. He was 73.
[10:55] {Threei} BRCM stop to .47
[10:55] {magoo} hillary clinton suspect
[10:55] {Threei} lol
[10:55] {DaveG} lol
[10:56] {dptl} lol
[10:56] {craigaudio} BRCM still valid Vad?
[10:56] {craigaudio} just got back
[10:56] {Threei} it's NQ based play
[10:56] {Threei} if new stop at .47 is not tagged and NQ tuenrs down, it's an entry
[10:57] {craigaudio} ok what about DRYS and FRPT?
[10:58] {Threei} DRYS just triggered
[10:58] {Threei} FRPT is too far from entry
[10:58] {craigaudio} drys no possible for me short
[10:58] {craigaudio} thnks
[10:59] {Threei} it's questionable one anyway
[10:59] {Threei} did go over .95 before triggering
[10:59] {Threei} so kind of discretionary
[10:59] {craigaudio} aapl would have been a good NQ play
[11:00] {DaveG} aapl is evil
[11:00] {Threei} volume almost disappeared on NQ bounce
[11:00] {Threei} come on, reverse
[11:01] {Threei} {AAPL} hi Adam... errrr, Dave
[11:02] {DaveG} it is though
[11:07] {Threei} FRPT almost 1:1
[11:08] {Threei} withdrawing "almost"
[11:09] {Threei} BRCM stop to .41
[11:09] {Threei} not willing to lose money on it
[11:12] {Threei} BRCM 1:1
[11:13] {Threei} falwel, is this the guy who suggested to burn paris Hilton on a stake?
[11:14] {Threei} or brand her with burnt sign on her forehead
[11:14] {magoo} for real?
[11:14] {Threei} I think that's him... not 100% sure
[11:15] {Threei} unless that was an urban legend
[11:16] {dino} shfl stopped-.29
[11:16] {craigaudio} thnaks for that vad BRCM
[11:16] {Threei} welcome
[11:16] {magoo} nice pix vad
[11:17] {craigaudio} need to rein in my other sparadic trades to get consistent
[11:18] {Threei} I guess that was... looked at e-mail I read it in, doesn't look legit
[11:24] {Threei} DRYS hit 1:1 earlier too in case anyone went for it
[11:24] * Threei dislocates his shoulder trying to pat himself on a back
[11:25] {magoo} nice work
[11:25] {magoo} stick with it boss
[11:26] {Threei} OK, so no acknowledgment of 3:3 in a few minutes (except magoo whom I wholeheartedly thank), and no laugh at my another lame joke??
[11:26] {Threei} what is fella to do to wake you up
[11:26] {magoo} [14:16] {magoo} nice pix vad
[11:26] {magoo} [14:17] {craigaudio} need to r
[11:26] {magoo} [14:25] {magoo} nice work
[11:27] {Threei} read in brackets :)
[11:27] {magoo} i just wanted to give you more : )
[11:27] {Threei} cool, ty :)
[11:27] {Threei} oh, I know what is going to make me feel better
[11:27] * Threei slaps DaveG around a bit with a large trout
[11:28] {Threei} I think NQ is about done dropping
[11:29] {Threei} watching for bounce on it to sacalp BRCM on a long side
[11:29] {Threei} in
[11:29] {Threei} .18
[11:29] {magoo} out brcm here now .17 TY
[11:30] {Threei} very tight stop .14
[11:30] {Threei} welcome
[11:30] {Threei} here comes NQ bounce, right on que
[11:30] {Threei} let's see if BRCM follows
[11:31] {Threei} hey I have 1:1 {G}
[11:32] {_davegroom} what symbol is the NQ
[11:33] {craigaudio} have you taken 1:1
[11:33] {craigaudio} ?
[11:33] {Threei} no, 4 cents on 1L shares is not my idea of profiting :)
[11:33] {Threei} 1K
[11:33] {_davegroom} trying to add to my watch indicators
[11:34] {_davegroom} 1k?
[11:34] {Threei} if you have futures feed, it's something like /NQM7
[11:34] {craigaudio} mine neither vad
[11:34] {_davegroom} thnks
[11:34] {Threei} different somewhat with different brokers
[11:34] {Threei} 1K = 1000 shares
[11:34] {craigaudio} my TS feed is NQM07 dave
[11:34] {_davegroom} ha! go tya
[11:34] {Threei} also, that was a play for NQ reversal, not just verey little bounce
[11:35] {Threei} so, with 4 cents stop I am willing to give it a chance to play out
[11:35] {Threei} and so far NQ behaves
[11:36] {Threei} now, first who tells me what clued into the coming reversal gets permission to slap DaveG
[11:36] {craigaudio} was the prior pivot from the start of the day
[11:37] {Threei} well, by itself it's just something to watch
[11:37] {Threei} but main thing that made me do it was,
[11:37] {Threei} unlike all previous drops, this last one occured on decereasing volume
[11:38] {Threei} remember this comment during a bounce:
[11:38] {Threei} [14:00] {Threei} volume almost disappeared on NQ bounce
[11:38] {Threei} [14:00] {Threei} come on, reverse
[11:38] {Threei} on that drop around 14:25 - 14:30 opposite happened
[11:38] {craigaudio} not wanting to bounce though
[11:38] {Threei} things work or they don't
[11:39] {Threei} nothing is 100%, but method doesn't change
[11:39] {craigaudio} yes
[11:40] {Threei} bounce came, stalled, then re-evalution by all the participants led to trend continuation instead of reversal
[11:40] {dino} cov clrk .87, +.70
[11:40] {Threei} awww DRYS
[11:42] {magoo} NICE DINO
[11:42] {Threei} very
[11:42] {dino} lol
[11:48] {cosmo} good place for the market to hold ...imho
[11:48] {Threei} I don't look at DRYS
[11:48] {Threei} I don't look at DRYS
[11:48] {cosmo} but you stutter
[11:48] {Threei} not working...
[11:50] {_davegroom} should i short or should i long now...sounds like an 80's song
[11:51] {cosmo} 60's
[11:53] {Roman} SIMO short?
[11:54] {Roman} could bounce with NQ tho
[11:54] {Threei} tough call... no read
[11:57] {craigaudio} NQ still dropping
[11:57] {craigaudio} im short aapl .78
[11:59] {craigaudio} stopped
[11:59] {craigaudio} right i think thats me done for the day
[11:59] {DaveG} told ya it was evil
[11:59] {craigaudio} yes
[12:00] {craigaudio} see you all tomorrow guys.
[12:00] {magoo} bye craig
[12:01] {craigaudio} bye magoo. bye everyone
[12:01] {Threei} take care craig
[12:01] {lklarson} take catre craig
[12:01] {Threei} lkl, you did almost impossible
[12:02] {Threei} your typing is worse than mine
[12:02] {DaveG} lol
[12:02] {lklarson} hey, its rubbing off
[12:03] {lklarson} you need to insert a spal;l checjker
[12:03] {_davegroom} lol
[12:05] {Threei} I tried
[12:05] {Threei} after one day of working it vomited and quit
[12:06] {Threei} sent me an e-mail I am gesitant to quote, too
[12:06] {lklarson} lol
[12:08] {lklarson} well, we are no spelling bees,thats for sure, but as long as I can make out your setsup who cares
[12:09] {Threei} at least as long as I don't spell BRCM as BXMNF
[12:09] {lklarson} :)
[12:09] {Threei} for those newer in the game... BXMNF used to be symbol of infamous Bre-X
[12:10] {lklarson} sure theres a story behind that one, eh
[12:10] {Threei} and those who don't know what Bre-X was... you missed a LOT of fun
[12:10] {Threei} gold mines in Indonesia... bodies of chief geologists dropping off the choppers...
[12:11] {lklarson} thought it was something like that, lol
[12:11] {Threei} (or getting new face and drinking happily on some remore tropical beach ever since)
[12:13] {Threei} http://www.buyandhold.com/bh/en/education/history/2005/bre-x_1.html
[12:13] {Threei} night time read :)
[12:14] {lklarson} sure I wont fall asleep reading that one at night
[12:14] {Threei} http://www.buyandhold.com/bh/en/education/history/2005/bre-x_2.html
[12:14] {Threei} etc
[12:17] {Threei} Ok guys, leaving for my medical appointment, day 2
[12:17] {DaveG} take care
[12:17] {Threei} thank you all, be safe, see you tomorrow
[12:17] {lklarson} ok, take acre vad
[12:17] {dptl} thx vad good luck
[12:21] {dino} gl 3i
[12:22] {_davegroom} prayers and all fly out to ya
[12:49] {DaveG} have a good evening, may DE earnings be awesome
[12:50] {dino} tbsi s .60
[13:00] {dptl} good evening all
[13:00] {_davegroom} hasta la bye-bye!
[13:08] {magoo} good nite
Session Close: Wed May 16 00:00:00 2007
Session Time: Tue May 15 00:00:00 2007
[05:18] {craigaudio} gm guys
[05:18] {DaveG} gm
[05:30] {craigaudio} AMGN down to 53 area.
[05:32] {Roman} Core CPI y/y +2.3% vs +2.4% Bloomberg Consensus, prior +2.5%
[05:32] {Roman} Core CPI m/m +0.2% vs +0.2% consensus, prior +0.1%
[05:32] {Roman} JASO JA Solar beats by $0.03; reaffirms FY07 guidance (27.89 )
[05:33] {Roman} ATEA Astea Intl reports Q1 EPS of $0.36 vs ($0.64) in 1Q06; revs rose 105% YoY to $7.8 mln (5.62 )
[05:34] {Roman} ATEA on radar today
[05:35] {craigaudio} hi roman
[05:35] {Roman} hey craig
[05:36] {gabby} morning craig, roman
[05:36] {gabby} DaveG
[05:36] {craigaudio} hey gabby
[05:36] {Roman} hey gabby
[05:36] {Roman} ATEA is a mover
[05:36] {Roman} fantastic earnings
[05:36] {Roman} looking at monthly chart, this stock can move
[05:37] {craigaudio} yes. revenues 100% rise!
[05:37] {Roman} i am bidding at 7
[05:37] {Roman} in case it pullsback
[05:38] * Threei bids 7.01, to annoy Roman
[05:38] {Threei} good morning guys :)
[05:38] {Roman} morning Vad
[05:38] {Threei} hi :)
[05:38] {craigaudio} if i have a company im interested in. how do i find when it next reports its results? apart from on their website.
[05:38] {gabby} gm vad
[05:39] {Threei} gabby :)
[05:39] {DaveG} yahoo craig
[05:39] {craigaudio} i use yahoo finance at the moment but cant find that information on the site
[05:39] {DaveG} oh
[05:39] {Roman} http://earnings.com
[05:40] {craigaudio} thanks roman. currently writing my step by step approach to putting on swings. thats one of my stages
[05:41] {Roman} i see
[05:42] {craigaudio} not rushing into swings at the moment though. obviously not til ive finished my research
[05:44] {Roman} what do you look for in a typical swing setup?
[05:44] {craigaudio} not sure yet. im formulating an approach. still work in progress.
[05:45] {craigaudio} maybe you can advise me. what do you look for?
[05:45] {Roman} 1st to make some $$$ :)
[05:45] {Threei} obvious answer would be "profit"... probably not what Roma is asking though :)
[05:45] {Threei} lol
[05:45] {DaveG} blondes
[05:45] {craigaudio} jeez i thought we were talking stocks not swingers parties
[05:46] {Threei} Dave is abusing Raven being distracted lately
[05:46] {Roman} hey Dave if you win that CNBC challange, you'll definately do well with Blondes
[05:46] {DaveG} :)
[05:46] {Threei} he won't Roman... remember you and I already shared his future winning
[05:46] {Threei} not leabing much for him
[05:46] {Roman} craig: I like setups such as USEG
[05:46] {Roman} uptranding charts
[05:47] {magoo} morning
[05:47] {Threei} magoo :)
[05:48] {craigaudio} im thinking of first looking at the charts to get swing candidates. then doing some simple fundamental research to make sure the company isnt going bankrupt or anything
[05:48] {craigaudio} so i dont get any unfortunate surprises
[05:49] {Roman} good idea, but the chart will alert you of any issues in advance (better than reading the balance sheet)
[05:49] {Roman} IMO
[05:49] {craigaudio} yes
[05:50] {Roman} but it's a good practice to check fundamentals anyway
[05:50] {Roman} what's your hold on typical swing?
[05:50] {craigaudio} yes. just simple stuff. not too much overhead. thats what im trying to put in step by step procedure to streamline the process
[05:50] {Roman} timewise
[05:51] {DaveG} i'll sell you my cnbc method
[05:51] {Roman} look at this guy, not only he gets $1mil, he is selling products in here too
[05:51] {Roman} unreal
[05:51] {DaveG} lol
[05:51] {gabby} AMGN little bounce
[05:51] {craigaudio} yes make it faster as im lazy and its boring isnt it... look at PE, assets v's liabilities,...just simple checks
[05:52] {Threei} he is acting wise Roman... he prepares back-up source of income in case we really grab his winning
[05:52] {Threei} (which we will)
[05:52] {Roman} nice :)
[05:52] {DaveG} i was working on my acceptance speech last night vad
[05:53] {Roman} magoo, keep an eye on ATEA, reported blowout earnings
[05:53] {Roman} old mover
[05:53] {Threei} and vows?
[05:53] {DaveG} lol
[05:53] {Threei} I need to start working on mine Dave
[05:53] {Roman} Dave, when does this Challenge end?
[05:54] {DaveG} week from fri
[05:55] {Threei} Roman... we are about to get rich thanks to Dave, and we don't even know when the contest ends... nice racket eh?
[05:55] {Roman} JASO reported
[05:55] {Roman} :)
[05:56] {Threei} ATEA 1 min starts looking like breakout at 7.80 - as long as you can trust pre-market charts
[06:00] {magoo} vad, u make out ok on doc apptment?
[06:00] {Threei} so far so good... but this is jjust the beginning and they promise it will get tougher :)
[06:01] {craigaudio} yes. cant have you dropping on us. ive only just signed up to the room.
[06:01] {Threei} wosrt case, I'll be here in spirit
[06:01] {Threei} I am not that easy to get rid of, you know
[06:02] {craigaudio} i have my bottle of vodka in desk drawer.
[06:03] {_ted123} Hi
[06:03] {Threei} ted :)
[06:07] {dptl} good morning all
[06:10] {Threei} dp :)
[06:10] {dino} gm all
[06:10] {Threei} dino :)
[06:11] {magoo} sheesh vasd
[06:11] {esemde} gm everyone
[06:12] {Threei} esemde :)
[06:12] {magoo} AMGN vad, lets follow it today
[06:12] {craigaudio} i know magoo. didnt you say the other day to 50
[06:13] {magoo} laserheads, do not forget we can also short ARAE
[06:13] {magoo} ATEA
[06:13] {dino} craig, our office vodka stays in the freezer
[06:14] {Threei} 52.10 so far looks like next short trigger on AMGN magoo... with stop above .30
[06:14] {Threei} sheesh, lol
[06:14] {craigaudio} futures gapping down
[06:16] {Threei} scary thing
[06:16] {Threei} especially pre-market
[06:16] {magoo} for day tho..prob 50 area
[06:17] {Threei} with this type of movers question always is, can you handle the volatility
[06:17] {gabby} vol AMGN pre mkt over 7,000,000
[06:17] {craigaudio} you shorting amgn here. just hit 52.10. i presume the play was the bounce up to resistence then to drop lower
[06:17] {Threei} I am hesitant on it pre-market craig
[06:18] {Threei} it's one of those jumpers
[06:18] {craigaudio} yes
[06:19] {Threei} risk evaluation goes first
[06:19] {craigaudio} seems to have buyers stepping in
[06:23] {cosmo} JASO
[06:24] {dino} winn hmmm
[06:25] {cosmo} JASO: ... Earnings Conference Call (happening now)
[06:26] {magoo} jaso..good or bad report?
[06:26] {cosmo} good rpt. ...wierd
[06:26] {cosmo} checking
[06:27] {gabby} amazing the way price drops with good news
[06:27] {lklarson} morning all
[06:27] {Threei} lkl :)
[06:28] {craigaudio} hey larson
[06:28] {cosmo} gabby....someone long out there has some really heavy karma, i figure
[06:30] {cosmo} atea
[06:32] {Threei} AMGN short under .50 if stays below .80, SMALL SHARES
[06:35] {Threei} invalidated
[06:35] {dino} s winn .24 risky
[06:35] {Roman} ATEA pop
[06:36] {magoo} caught it .790
[06:38] {gabby} had it alarmed with buy order. ran right threough:-(
[06:38] {craigaudio} i got 8.01
[06:40] {Roman} GLNG vad?
[06:40] {Threei} volume is too low...
[06:41] {Threei} tough call
[06:41] {magoo} ATEA going 9 RISKI
[06:41] {craigaudio} im out half ATEA +.40
[06:41] {Threei} wtg
[06:42] {dino} nice
[06:42] {Threei} USEY?
[06:43] {Threei} what was that
[06:45] {Threei} SINA small shares long on pullback around .50 or break .96, whichever comes first
[06:45] {Roman} ONT On2 Technologies: Akamai announces live streaming for Adobe Flash Player Video (3.05 +0.13)
[06:47] {esemde} HTLD making a break for it
[06:47] {Threei} AZPN 14.81 long
[06:48] {esemde} azpn better play than htld
[06:48] {Threei} .65 stop
[06:48] {craigaudio} sina pulling back
[06:48] {Roman} GOAM pop
[06:51] {craigaudio} sina still a play vad? NQ below opening range
[06:51] {Threei} it is
[06:52] {Threei} so far support .60
[06:52] {Threei} stop right under it
[06:53] {craigaudio} didnt get filled damn it
[06:53] {Threei} 1:1 in a hurry
[06:53] {Threei} anyone got it?
[06:53] {magoo} missed
[06:53] {craigaudio} that sucks. good job vad
[06:53] {Threei} don't chaswe
[06:54] {magoo} took az..wromg one
[06:54] {craigaudio} gave a limit of 3 cents too and still blew through
[06:54] {Threei} az?
[06:54] {magoo} AZPN
[06:54] {Threei} it never triggered?
[06:55] {Roman} Rice says UNITED STATES WILL NOT ALLOW RUSSIA TO VETO ITS PLANS TO BUILD MISSILE DEFENCE SHIELD IN EUROPE - Reuters
[06:55] {magoo} aggressive entry .79 vad
[06:56] {Threei} I see... with such wall at .80, I'd prefer to wait and see if it's able to break it
[06:56] {Threei} I still like the play
[06:59] {Threei} mama mia SINA
[06:59] {craigaudio} wow. that would have made my day
[06:59] {Threei} whoever said not to chase should be hooked through the upper lip and dragged by the truck through main street
[07:00] {craigaudio} sic
[07:01] {dino} cov winn .00, +.24\
[07:01] {craigaudio} YM reversed. NQ selling off
[07:02] {craigaudio} short on AZPN?
[07:02] {Threei} nah
[07:02] {Threei} invalidated as long but I wouldn't shor't it
[07:03] {craigaudio} BOBJ?
[07:06] {magoo} ATEA reloading
[07:06] {magoo} 9
[07:07] {craigaudio} go for it
[07:07] {craigaudio} im long bobj
[07:09] {magoo} waiting .91
[07:10] {esemde} SBGI ..
[07:11] {craigaudio} SBGI needs to break that 155 barrior
[07:11] {esemde} yup..
[07:12] {dino} gs l .93
[07:12] {esemde} i like that 100,000sh buy though
[07:12] {_davegroom} market is off like a Ferrari
[07:13] {Threei} CELG small shares 65.11 long
[07:13] {Threei} 64.85 stop
[07:14] {Roman} CTIB high
[07:14] {Threei} if breaks from here, stop 64.95
[07:15] {dino} out gs flat
[07:15] {esemde} SBGI chart looks like Celg chart
[07:15] {craigaudio} offering ATEA out at 8.94
[07:16] {Threei} good one guys
[07:17] {magoo} out
[07:18] {craigaudio} nice reversals in futures
[07:21] {magoo} ATEA, .18 long trigger to go .48 area...breathe...
[07:23] {craigaudio} DADE
[07:23] {craigaudio} CELG fired
[07:23] {Threei} yup
[07:25] {craigaudio} AAUK a runner
[07:26] {magoo} ATEAstop .99
[07:27] {magoo} out
[07:27] {craigaudio} fell flat through 9
[07:29] {magoo} well, its up over 50%...dangerous now..easy $$ to 9
[07:32] {craigaudio} aapl
[07:32] {Threei} AMGN .29 short, stop .51 SMALL SHARES
[07:33] {Threei} no worky CELG
[07:33] {magoo} u know, i took that also
[07:33] {craigaudio} nope
[07:33] {magoo} so i took your to dogs, missed a bck...SIGH
[07:34] {craigaudio} SINA gave it all back
[07:34] {craigaudio} NQ following the YM
[07:36] {dptl} what's YM?
[07:36] {craigaudio} the mini dow. futures.
[07:36] {craigaudio} @YM on TS
[07:37] {dptl} oo....i see
[07:37] {_davegroom} thnx
[07:39] {craigaudio} TTEC nice reversal
[07:39] {craigaudio} lovely U move
[07:39] {dino} mpel s .04
[07:39] {esemde} SBGI Vad is it moving too slow for a breakout
[07:40] {esemde} scratch that question....it's following the market down
[07:41] {dino} winn s .44, hl
[07:41] {Threei} yeah
[07:45] {craigaudio} YRCW for break?
[07:46] {Threei} for ascalp only
[07:49] {esemde} anad...
[07:52] {craigaudio} ATEA forming 5min ascending triangle
[07:58] {craigaudio} stopped YRCW
[08:00] {Threei} watching CECO for short .25 trigger if stays under .45
[08:00] {Threei} aggressive entry possible, half lot
[08:05] {Threei} finger on a trigger, waiting for NQ reversal
[08:07] {craigaudio} took aggressive entry on CECO. stopped out
[08:08] {craigaudio} not having the best day
[08:11] {Threei} AMZN .30 short
[08:11] {Threei} .56 stop
[08:12] {lklarson} out amgn 1:1
[08:12] {dino} etg
[08:17] {magoo} out amgn .99
[08:18] {magoo} ty vad
[08:18] {magoo} 2 for 4
[08:18] {Threei} welcome... not much readable out there so far
[08:19] {magoo} my fautl..i jumped AZPN..and missed sina
[08:19] {dino} tbsi s .88
[08:20] {Threei} SINA is my fault somewhat... I felt strongly that aggressive entry would work on it and hesitated to call it
[08:21] {magoo} and sina more my style...fast and furious
[08:21] {Roman} AVNR near high
[08:23] {dino} clrk s .57
[08:24] {dino} winn stopped
[08:26] {craigaudio} what about NUAN if breaks 16
[08:27] {Threei} I like it
[08:27] {Threei} desirable if stays abovce .90
[08:27] {craigaudio} but it could also form a double top on 5 mion chart if it doesnt break 16
[08:28] {craigaudio} so potential short too
[08:28] {Roman} SPTN thin on radar for a breakout
[08:29] {esemde} have a great day everyone!
[08:29] {Threei} take care esemde
[08:29] {DaveG} u2
[08:30] {craigaudio} nuan fired
[08:30] {lklarson} in nuan 16
[08:30] {Roman} NAPS
[08:31] {craigaudio} didnt get filled fully again
[08:31] {Threei} news?
[08:31] {Roman} NAPS Napster and Motorola Enter Unique Marketing Agreement for the US, UK and German Markets (4.24 +0.17)
[08:31] {Threei} in
[08:32] {Threei} needs to break .30
[08:32] {craigaudio} your in naps Vad?
[08:32] {Threei} yeah, stop under 4
[08:33] {Roman} The co and Motorola (MOT) announce a unique marketing agreement that will bring Napster's on demand music subscription service to mobile consumers.
[08:33] {Roman} AVNR high
[08:35] {Threei} stop to 4.09
[08:38] {Roman} AVNR looks pretty good
[08:42] {Roman} observing CAAS
[08:42] {Roman} reported earnings yesterday
[08:43] {Threei} come on NAPS, if this news can't move you, you are total dog
[08:44] {Threei} stop to .14
[08:45] {Threei} BRKR interesting
[08:45] {Threei} a bit late...
[09:01] {dptl} hellooooo.......... any one there/awake?
[09:01] {Threei} no
[09:02] {dptl} ok
[09:03] {craigaudio} stopped naps
[09:03] {craigaudio} prob quit for the day if next trade goes wrong
[09:10] {dino} l icfi .30
[09:11] {dino} .29
[09:18] {magoo} i can not stand the ANGST that we kreep having BIG up days and room has little to trade
[09:26] {Threei} that would be what, 100th time we go over this? :)
[09:26] {magoo} nah
[09:26] {magoo} but it sux
[09:26] {craigaudio} mnst
[09:26] {magoo} i feeling what rev shark writes about
[09:26] {craigaudio} news play
[09:27] {Threei} if you do one comparison, you will find intersting thing:
[09:27] {magoo} alot traders not majking $$ but all u see is RALLy
[09:27] {dino} whats the news
[09:27] {craigaudio} actually no news
[09:27] {Threei} you perform better on down or range days than you do on big up days
[09:27] {dino} ty
[09:29] {Roman} MNST Monster Worldwide spikes to session highs; strength attributed to chatter that co has pulled out of a conference, leading to renewed M&A speculation (47.17 +1.00) -Update-
[09:30] {dino} ty rfr
[09:30] {craigaudio} took a risk on mnst long +.25
[09:30] {dino} risk is my business
[09:30] {craigaudio} watch it fall back down once its declared nonsense
[09:31] {craigaudio} jeez should have held
[09:33] {craigaudio} MHK had a similar rumour the other day and went up only to come right back down
[09:39] {_davegroom} Now that it is slow I've got a question about sizing. Because I'm trading paper and not in the real market is it realistic to put in a lot say around 3000 shares in NUAN for example and hide it in a reserve num
[09:40] {Threei} sure
[09:40] {dino} fwiw, mostly i trade 700 lots
[09:40] {Threei} you can show 100 shares
[09:40] {Threei} with any actual number behind it
[09:41] {magoo} in level 2 settings right vad?
[09:41] {Threei} yes
[09:41] {Threei} Under General tab
[09:43] {_davegroom} Got the video btw
[09:43] {Threei} :)
[09:44] {_davegroom} thnx
[09:50] {dino} l ebay .oo
[09:58] {dino} cov tbsi .38, +.50, stopped icfi -.29
[09:59] {Threei} DRYS nonstop
[10:06] {craigaudio} stopped ebay
[10:06] {craigaudio} taking a break for hour
[10:07] {Roman} U.S. NAHB housing market index drops to 30 in May (consensus 33) from 33 in April - Reuters
[10:07] {Threei} DRYS fast selling under .50 for bounce
[10:07] {Roman} CTIB animal
[10:12] {craigaudio} GM motors
[10:14] {magoo} vad, u take DRYS?
[10:15] {Threei} no... wanted it under .50 on sharp vertical drop
[10:16] {Threei} be back in 15
[10:19] {Roman} ALKS spike
[10:35] {Threei} FRPT over .60 is half lot long with stop under .40 or short under .40 with stop above .60
[10:35] {Threei} scalp only
[10:43] {Threei} .74 short DRYS small shares, stop .95
[10:46] {dino} ebay stopped -.22
[10:47] {Threei} .39 short BRCM with .51 stop
[10:52] {dino} shfl s .74, stop .03
[10:53] {Threei} FRPT stop to .55
[10:54] {Chaeron} Television evangelist Falwell dies at 73 - LYNCHBURG, Va. - The Rev. Jerry Falwell, who founded the Moral Majority and built the religious right into a political force, died Tuesday shortly after being found unconscious in his office at Liberty University, a school executive said. He was 73.
[10:55] {Threei} BRCM stop to .47
[10:55] {magoo} hillary clinton suspect
[10:55] {Threei} lol
[10:55] {DaveG} lol
[10:56] {dptl} lol
[10:56] {craigaudio} BRCM still valid Vad?
[10:56] {craigaudio} just got back
[10:56] {Threei} it's NQ based play
[10:56] {Threei} if new stop at .47 is not tagged and NQ tuenrs down, it's an entry
[10:57] {craigaudio} ok what about DRYS and FRPT?
[10:58] {Threei} DRYS just triggered
[10:58] {Threei} FRPT is too far from entry
[10:58] {craigaudio} drys no possible for me short
[10:58] {craigaudio} thnks
[10:59] {Threei} it's questionable one anyway
[10:59] {Threei} did go over .95 before triggering
[10:59] {Threei} so kind of discretionary
[10:59] {craigaudio} aapl would have been a good NQ play
[11:00] {DaveG} aapl is evil
[11:00] {Threei} volume almost disappeared on NQ bounce
[11:00] {Threei} come on, reverse
[11:01] {Threei} {AAPL} hi Adam... errrr, Dave
[11:02] {DaveG} it is though
[11:07] {Threei} FRPT almost 1:1
[11:08] {Threei} withdrawing "almost"
[11:09] {Threei} BRCM stop to .41
[11:09] {Threei} not willing to lose money on it
[11:12] {Threei} BRCM 1:1
[11:13] {Threei} falwel, is this the guy who suggested to burn paris Hilton on a stake?
[11:14] {Threei} or brand her with burnt sign on her forehead
[11:14] {magoo} for real?
[11:14] {Threei} I think that's him... not 100% sure
[11:15] {Threei} unless that was an urban legend
[11:16] {dino} shfl stopped-.29
[11:16] {craigaudio} thnaks for that vad BRCM
[11:16] {Threei} welcome
[11:16] {magoo} nice pix vad
[11:17] {craigaudio} need to rein in my other sparadic trades to get consistent
[11:18] {Threei} I guess that was... looked at e-mail I read it in, doesn't look legit
[11:24] {Threei} DRYS hit 1:1 earlier too in case anyone went for it
[11:24] * Threei dislocates his shoulder trying to pat himself on a back
[11:25] {magoo} nice work
[11:25] {magoo} stick with it boss
[11:26] {Threei} OK, so no acknowledgment of 3:3 in a few minutes (except magoo whom I wholeheartedly thank), and no laugh at my another lame joke??
[11:26] {Threei} what is fella to do to wake you up
[11:26] {magoo} [14:16] {magoo} nice pix vad
[11:26] {magoo} [14:17] {craigaudio} need to r
[11:26] {magoo} [14:25] {magoo} nice work
[11:27] {Threei} read in brackets :)
[11:27] {magoo} i just wanted to give you more : )
[11:27] {Threei} cool, ty :)
[11:27] {Threei} oh, I know what is going to make me feel better
[11:27] * Threei slaps DaveG around a bit with a large trout
[11:28] {Threei} I think NQ is about done dropping
[11:29] {Threei} watching for bounce on it to sacalp BRCM on a long side
[11:29] {Threei} in
[11:29] {Threei} .18
[11:29] {magoo} out brcm here now .17 TY
[11:30] {Threei} very tight stop .14
[11:30] {Threei} welcome
[11:30] {Threei} here comes NQ bounce, right on que
[11:30] {Threei} let's see if BRCM follows
[11:31] {Threei} hey I have 1:1 {G}
[11:32] {_davegroom} what symbol is the NQ
[11:33] {craigaudio} have you taken 1:1
[11:33] {craigaudio} ?
[11:33] {Threei} no, 4 cents on 1L shares is not my idea of profiting :)
[11:33] {Threei} 1K
[11:33] {_davegroom} trying to add to my watch indicators
[11:34] {_davegroom} 1k?
[11:34] {Threei} if you have futures feed, it's something like /NQM7
[11:34] {craigaudio} mine neither vad
[11:34] {_davegroom} thnks
[11:34] {Threei} different somewhat with different brokers
[11:34] {Threei} 1K = 1000 shares
[11:34] {craigaudio} my TS feed is NQM07 dave
[11:34] {_davegroom} ha! go tya
[11:34] {Threei} also, that was a play for NQ reversal, not just verey little bounce
[11:35] {Threei} so, with 4 cents stop I am willing to give it a chance to play out
[11:35] {Threei} and so far NQ behaves
[11:36] {Threei} now, first who tells me what clued into the coming reversal gets permission to slap DaveG
[11:36] {craigaudio} was the prior pivot from the start of the day
[11:37] {Threei} well, by itself it's just something to watch
[11:37] {Threei} but main thing that made me do it was,
[11:37] {Threei} unlike all previous drops, this last one occured on decereasing volume
[11:38] {Threei} remember this comment during a bounce:
[11:38] {Threei} [14:00] {Threei} volume almost disappeared on NQ bounce
[11:38] {Threei} [14:00] {Threei} come on, reverse
[11:38] {Threei} on that drop around 14:25 - 14:30 opposite happened
[11:38] {craigaudio} not wanting to bounce though
[11:38] {Threei} things work or they don't
[11:39] {Threei} nothing is 100%, but method doesn't change
[11:39] {craigaudio} yes
[11:40] {Threei} bounce came, stalled, then re-evalution by all the participants led to trend continuation instead of reversal
[11:40] {dino} cov clrk .87, +.70
[11:40] {Threei} awww DRYS
[11:42] {magoo} NICE DINO
[11:42] {Threei} very
[11:42] {dino} lol
[11:48] {cosmo} good place for the market to hold ...imho
[11:48] {Threei} I don't look at DRYS
[11:48] {Threei} I don't look at DRYS
[11:48] {cosmo} but you stutter
[11:48] {Threei} not working...
[11:50] {_davegroom} should i short or should i long now...sounds like an 80's song
[11:51] {cosmo} 60's
[11:53] {Roman} SIMO short?
[11:54] {Roman} could bounce with NQ tho
[11:54] {Threei} tough call... no read
[11:57] {craigaudio} NQ still dropping
[11:57] {craigaudio} im short aapl .78
[11:59] {craigaudio} stopped
[11:59] {craigaudio} right i think thats me done for the day
[11:59] {DaveG} told ya it was evil
[11:59] {craigaudio} yes
[12:00] {craigaudio} see you all tomorrow guys.
[12:00] {magoo} bye craig
[12:01] {craigaudio} bye magoo. bye everyone
[12:01] {Threei} take care craig
[12:01] {lklarson} take catre craig
[12:01] {Threei} lkl, you did almost impossible
[12:02] {Threei} your typing is worse than mine
[12:02] {DaveG} lol
[12:02] {lklarson} hey, its rubbing off
[12:03] {lklarson} you need to insert a spal;l checjker
[12:03] {_davegroom} lol
[12:05] {Threei} I tried
[12:05] {Threei} after one day of working it vomited and quit
[12:06] {Threei} sent me an e-mail I am gesitant to quote, too
[12:06] {lklarson} lol
[12:08] {lklarson} well, we are no spelling bees,thats for sure, but as long as I can make out your setsup who cares
[12:09] {Threei} at least as long as I don't spell BRCM as BXMNF
[12:09] {lklarson} :)
[12:09] {Threei} for those newer in the game... BXMNF used to be symbol of infamous Bre-X
[12:10] {lklarson} sure theres a story behind that one, eh
[12:10] {Threei} and those who don't know what Bre-X was... you missed a LOT of fun
[12:10] {Threei} gold mines in Indonesia... bodies of chief geologists dropping off the choppers...
[12:11] {lklarson} thought it was something like that, lol
[12:11] {Threei} (or getting new face and drinking happily on some remore tropical beach ever since)
[12:13] {Threei} http://www.buyandhold.com/bh/en/education/history/2005/bre-x_1.html
[12:13] {Threei} night time read :)
[12:14] {lklarson} sure I wont fall asleep reading that one at night
[12:14] {Threei} http://www.buyandhold.com/bh/en/education/history/2005/bre-x_2.html
[12:14] {Threei} etc
[12:17] {Threei} Ok guys, leaving for my medical appointment, day 2
[12:17] {DaveG} take care
[12:17] {Threei} thank you all, be safe, see you tomorrow
[12:17] {lklarson} ok, take acre vad
[12:17] {dptl} thx vad good luck
[12:21] {dino} gl 3i
[12:22] {_davegroom} prayers and all fly out to ya
[12:49] {DaveG} have a good evening, may DE earnings be awesome
[12:50] {dino} tbsi s .60
[13:00] {dptl} good evening all
[13:00] {_davegroom} hasta la bye-bye!
[13:08] {magoo} good nite
Session Close: Wed May 16 00:00:00 2007
