Realitytrader TradeLog - May 16, 2007
Session Start: Wed May 16 00:00:00 2007
Session Time: Wed May 16 00:00:00 2007
[05:44] {gabby} good morning RT's. Ou est vous
[05:44] {DaveG} morning
[05:47] {magoo} morning
[05:49] {DaveG} out 3/4 DE +2
[05:51] {esemde} morning guys and dolls
[05:51] {magoo} ES: )
[05:52] {esemde} howdy mag's
[05:52] {Threei} Good morning good people
[05:52] {Threei} ummm... that was discrimination
[05:52] {Threei} good morning people
[05:53] {esemde} the world sure is quiet at this time of the morning
[05:53] {magoo} gninrom dav
[05:53] {esemde} morning Vad
[05:53] {Threei} esemde, oogam :)
[05:53] {gabby} morning vad
[05:53] {Threei} gabby :)
[05:53] {esemde} them little checkups going OK? My wife is a nurse if you need to ask any questions
[05:54] {Threei} thank you, will keep in mind :)
[05:54] {DaveG} morning vad
[05:54] {Threei} Dave :)
[05:54] {Threei} it's a small treatment actually... so far so good
[05:56] {esemde} this is a good thing....
[05:56] {Threei} off the record, keep an eye on FORG
[05:56] {Threei} thing seems to pull back close to support and volume practically disappeared
[05:57] {Threei} in the past it spiked at some point in this kind of situations
[05:59] {cosmo} NUVO?
[05:59] {cosmo} rumor?
[05:59] {Threei} upgrade
[05:59] {esemde} FORG Forgent Networks Inc. continued increasing its profit during the second quarter of 2007.
[05:59] {esemde} The company recorded net income of $1.3 million, or 5 cents a share, in the quarter, compared with a loss of $480,000, or 2 cents a share, in the same period a year ago.
[05:59] {cosmo} buy out?
[05:59] {esemde} Revenue for the second quarter of 2007 totaled $1 million, compared with $4.4 million in the same quarter of 2006. Revenue from Forgent's intellectual property licensing went down from $3.8 million in the second quarter of 2006 to $28,000 in this second quarter of 2007. However, revenue from its software and services increased from $546,000 in the second quarter to $1 million in the second quarter of 2007.
[06:00] {magoo} XING news??
[06:00] {Threei} we get confused with facts easily, esemde :)
[06:01] {esemde} opps!!! appologies..
[06:01] {Threei} hehe
[06:01] {esemde} I'll restrain that kind of enthusiasm ......
[06:01] {Threei} don't see anything on XING
[06:02] {Threei} NUVO, BofA upgraded it to neutral qith target 3.50 cosmo... fluff, IMO
[06:02] {cosmo} hmm, fluff ... warm and fuzzy
[06:03] {cosmo} k
[06:03] {magoo} pretty good gap xing vad...i have trouble with reading it....it was billy's baby
[06:03] {esemde} Sales* 49.91 Mil
[06:03] {esemde} Income* 6.47 Mil
[06:03] {esemde} Sales Growth* +42.40%
[06:03] {esemde} Income Growth* +79.30%
[06:03] {esemde} Net Profit Margin +14.62%
[06:03] {esemde} Debt/Equity Ratio 0.40
[06:04] {Roman} STRN Sutron Receives $2,222,628 Order for Automatic Hydro-Met Stations in Iraq
[06:04] {esemde} opps that was for XING
[06:04] {craigaudio} gm guys
[06:04] {Threei} craig :)
[06:04] {esemde} I'm a fact guy sometimes...what can I say
[06:05] {Threei} XING was more or less p a play while on uptrend, magoo
[06:05] {Threei} ever since that gap down it was largely off the map
[06:06] {_ted123} Hi
[06:06] {Threei} ted :)
[06:07] {Threei} it's a good thing esemde... we need reality check sometimes, or we all will buy all FONR there is and dream of untold riches waiting for us in the sky sprinkled with diamonds
[06:09] {dptl} good morning all
[06:09] {Threei} dp :)
[06:09] {cosmo} diamonds are falling?
[06:10] {dptl} Vad,can you dcc me,pls
[06:10] {Threei} dunno, I am busy gathering something in my bag
[06:11] {Threei} did
[06:11] {Threei} dp
[06:15] {DaveG} Raven Industries reports earnings tommorow :)
[06:16] {Threei} while DAVE sold off full dollar yesterday
[06:16] {DaveG} lol
[06:16] {DaveG} where is that little birdie anyways
[06:18] {cosmo} he's trying to find the bees, Dave
[06:18] {DaveG} aahhh
[06:18] {Threei} careful Dave
[06:18] {DaveG} lol
[06:18] {cosmo} now HE's missing
[06:19] {Threei} you know, pick up on a martial arts master, be ready to visit a dentist {G}
[06:19] {DaveG} :)
[06:25] {esemde} MPWR ...up 2.60 17k shs maybe a good short after the open
[06:25] {dino} gm all
[06:25] {Threei} dino :)
[06:26] {DaveG} man, the Ducks got clobbered, sheesh
[06:32] {Threei} MPWR may be worth a shot on a short side if .45 broken
[06:32] {Threei} or if that huge bid is pulled
[06:33] {Threei} small shares in a ny case, stock can be jumpy
[06:34] {magoo} like that?
[06:34] {Threei} eqaktly like that
[06:34] {Threei} CPWR
[06:34] {Threei} news?
[06:35] {Roman} Compuware beats by $0.04 (9.94 -0.08) : Reports Q4 (Mar) earnings of $0.21 per share, $0.04 better than the Reuters Estimates consensus of $0.17; revenues rose 1.1% year/year to $313 mln vs the $313 mln consensus.
[06:35] {Threei} ty
[06:35] {Roman} 15-May-07 16:21 ET
[06:36] {Roman} DRYS
[06:37] {Threei} watching JNPR
[06:37] {Threei} .80 long
[06:38] {Threei} .64 stop
[06:39] {Threei} stock is fairly close to total breakout level 24
[06:39] {Threei} if it moves, aim for half out close to that level
[06:39] {magoo} in
[06:39] {Threei} and try to give second half a chance for that break
[06:39] {dino} rvbd l .50
[06:39] {esemde} XING bounce
[06:40] {Threei} or take a scalp if that's your MO
[06:41] {magoo} CPWR vali
[06:41] {magoo} sorry
[06:41] {magoo} wriong onbe
[06:41] {magoo} how u like that typing?
[06:41] {Threei} love it
[06:42] {magoo} goog up
[06:42] {craigaudio} when did you get in CPWR magoo?
[06:42] {dino} l pde .90
[06:42] {craigaudio} gave a nice pullback before the run. i was rebooting at the time
[06:42] {esemde} cpwr ...rats missed it..
[06:42] {magoo} i didn't, thought it was mpwr
[06:43] {magoo} only in jnpr
[06:43] {craigaudio} anyone get it?
[06:43] {_davegroom} my charts are messed up what is CPWR trading at
[06:43] {Threei} 11.83
[06:43] {esemde} good on ya...if you got in
[06:43] {_davegroom} thanks
[06:45] {Threei} Short Setup: BRCM 31.99 if stays under 32.15
[06:46] {craigaudio} yes vad like it. room to move down on the daily too
[06:46] {magoo} craig confuse magoo lol
[06:47] {Threei} we are easily confused bunch
[06:47] {Threei} me, I like traffic lights
[06:47] {craigaudio} if it breaks 32 then the daily support levels have been breached
[06:47] {craigaudio} and might move lower
[06:47] {Threei} just two signals to decode
[06:47] {Threei} and color takes away necessity to read
[06:47] {magoo} my personal favorite is light switch vad
[06:47] {craigaudio} yes pelican crossings can be dangerous. people dont always stop
[06:48] {dino} l de .75, hl
[06:48] {magoo} on........off
[06:48] {magoo} see.........no see
[06:48] {Threei} yeah, I know this passion magoo
[06:48] {Threei} can do it for hours
[06:48] {Threei} simple elegance
[06:49] {magoo} i gonna go do it right now in dino office
[06:49] {Threei} Attention: JNPR sdtop to .69
[06:50] {Threei} DNDN news?
[06:50] {craigaudio} if BRCM does hold here then its actaully a good long on a pullback as it will have made a double bottom
[06:50] {esemde} MPWR in a range
[06:50] {craigaudio} and has held this level many times
[06:51] {craigaudio} MPWR if breaks 17?
[06:52] {Threei} small shares
[06:52] {esemde} wondering if it's a bull trap
[06:52] {Threei} JNPR nears first partial out zone
[06:52] {craigaudio} jnpr inching up nicely
[06:52] {craigaudio} MPWR broke
[06:53] {esemde} there she goes good call craig
[06:53] {craigaudio} i didnt take it
[06:53] {craigaudio} :-(
[06:53] {craigaudio} nevermind
[06:53] {esemde} neither did I
[06:53] {craigaudio} was your call
[06:53] {Threei} Attention: JNPR 1:1, grab half off the table, stop to .74
[06:53] {esemde} something not ringing true for me
[06:54] {Threei} scalpers do your usual routine
[06:54] {magoo} out half .97
[06:54] {craigaudio} nice one. out half. very nice stressfree trade so far
[06:54] {magoo} oh shit....i a scalpewr
[06:54] {Threei} the rest, close your eyes and wait to see what happens once it breaks 24
[06:54] {Threei} stressfree is how I like'em, craig
[06:55] {magoo} 24 is THE WALL
[06:55] {craigaudio} yes. me too, thats why im here. The doctor stopped proscribing the Valium so have to stick to the relaxed moves
[06:56] {Threei} I prefer stress and agonizing over what to do today, BBQ or smoking
[06:56] {craigaudio} my days of RIMM and BIDU are over.
[06:56] {craigaudio} lets not even mention GOOG
[06:56] {Threei} {GOOG} and I just started thinking about commitnment... :(
[06:57] {magoo} thanx jnpr vad,,,very nice
[06:57] {Threei} welcome
[06:57] {Threei} very much my kind of trade
[06:57] {Threei} salmonish behaviour
[06:57] {craigaudio} sorry good but your just too foot loose and fancy free for me baby
[06:57] {craigaudio} good=GOOG
[06:57] {Threei} held very well while NQ pulled back, reinforcing long idea
[06:58] {Threei} then spiked with NQ bounce
[06:58] {dino} out de .79, +1.04
[06:58] {craigaudio} nice dino. earnings play i presume
[06:58] {Threei} and when all this happens so close to major resistance, it adds nice spicy taste to things
[06:58] {craigaudio} dino what indicators on charts do you use?
[06:59] {Threei} stop to .84
[06:59] {dino} ty, yes, plus i just bought one this a.m.
[06:59] {magoo} dart board
[06:59] {Threei} {dino} indicators?
[06:59] {Threei} {dino} charts?
[06:59] {dino} my son
[07:00] {craigaudio} BRCM fired
[07:00] {dino} out pde .10, +.20
[07:01] {dino} out rvbd .80, +.30
[07:01] {craigaudio} let me know if it was still valid as im in
[07:01] {Threei} craig, you realize it violated 'IF" in setup's scenario?
[07:01] {Threei} at the very least it means your stop would have to be .21 instead of .16
[07:01] {dino} \slowing down
[07:01] {craigaudio} shall i just get out?
[07:02] {Threei} and quite likely it made a trade questionable if not invalid
[07:02] {Threei} well, NQ tries to break down
[07:02] {dino} whats w/agil?
[07:02] {Threei} maybe give it a chance
[07:02] {Threei} there
[07:03] {Threei} trail stop to .11
[07:04] {craigaudio} thnks vad
[07:05] {magoo} covered brcm .89,
[07:06] {magoo} ty boss..although it was not eqactly your setup
[07:06] {Threei} I'll just go ahead and take credit anyway
[07:06] {Threei} {G}
[07:07] {craigaudio} im out too at 1:1
[07:07] {craigaudio} nice one
[07:07] {magoo} might as well...i blame u alot when its my fault
[07:07] {dino} mnst l .40
[07:07] {dino} risky
[07:07] {DaveG} lol mags
[07:08] {Threei} if it makes you feel better, by all means... but I don't understand why you need to blame anyone else when we have dave here
[07:08] {DaveG} lol
[07:08] {Threei} :)
[07:08] * magoo slaps DaveG around a bit with a large trout
[07:08] {Threei} see? and life's all rosy
[07:09] {DaveG} i'm glad i can be of service
[07:10] {Threei} everyone's a winner... slapper feels relief, slapee feels needed
[07:10] {DaveG} :)
[07:11] {Threei} TBSI...
[07:11] {Threei} smaaaal shares long
[07:11] {magoo} sheesh...dino just slapped me for playing with his computer on ...off...switvch
[07:12] {craigaudio} now vad?
[07:12] {Threei} yes
[07:12] {Threei} meanie that dino
[07:12] {dino} mnst stop is .60
[07:12] {Threei} stop under .80 TBSI
[07:13] {Threei} JNPR balance stop to .89
[07:13] {craigaudio} waiting to get filled TBSI
[07:13] {dino} out mnst .73, +.33
[07:14] {dino} dino is bacckkk
[07:14] {Threei} hehe
[07:14] {craigaudio} you tha man dino
[07:14] {Threei} welcome back
[07:14] {dino} why thank you
[07:14] {craigaudio} dont do anything stupid now though
[07:14] {craigaudio} i find it much easyier to put back. and usually do
[07:15] {dino} :)
[07:15] {Threei} dino sighs, throws away bottle of vodka and cancels escort service call
[07:15] {dino} lol
[07:15] {craigaudio} lol
[07:15] {Threei} TBSI 1:2
[07:15] {craigaudio} big spread on TBSI
[07:16] {Threei} that's why "smaaaal shares" remark
[07:16] {craigaudio} yes noted
[07:16] {craigaudio} thats why i only put 3000 on ;-)
[07:16] {dino} whoa
[07:16] {Threei} so, you caused that spike singlehandedly :)
[07:17] {craigaudio} lol
[07:17] {esemde} CVLT..
[07:17] {Threei} good luck finding a buyer now
[07:17] {craigaudio} with 3000 shares on a stock like that id have to have a valium drip and escort girls fanning me down while i neck vodka
[07:18] {dino} now thats a vacation
[07:19] {Threei} lol
[07:19] {craigaudio} for experienced traders only. not everyone can take that sort of external enjoyment and trade with a level head
[07:20] {Threei} that's a questionable assumption... see, you assume the head, level or not, is a necessary accessory for trading
[07:22] {craigaudio} damn. ive been done by the barber. he said i need a flat top cut for trading!!! the fiend
[07:23] {dino} thats what i have
[07:23] {dino} thought it was required
[07:24] * magoo slaps dino around a bit with a large trout
[07:25] {dino} iaac spike
[07:25] {magoo} hey vad, for scalpers out of jnpr, 24 a long trigger/
[07:26] {craigaudio} forming a triangle here in 5min. could go easily higher
[07:28] {dino} seeing circles here
[07:30] {Threei} 24.06 rather, magoo
[07:30] {Roman} GIGM trying for new high
[07:31] {magoo} ok, how about brcm as a renewed short?
[07:32] {Threei} being in red while NQ positive makes it a candidate
[07:32] {Threei} ideally, if stays under .95
[07:32] {Threei} it's just that it requires NQ reversal to downside to wrok
[07:32] {Threei} so if it happens, sure
[07:34] {craigaudio} worth adding on the JNPR if it breaks 24.06? is that a good option too
[07:34] {Roman} long ESLR
[07:34] {Roman} 1/2 size 9.08
[07:35] {Threei} not sujre craig... tough call
[07:35] {craigaudio} might be stopped here anyway now
[07:38] {craigaudio} DRYS falling
[07:39] {craigaudio} looking at BIF as a swing. put in hammer on daily with volume coming in
[07:43] {Roman} CYDS again
[07:47] {craigaudio} pretty much range bound day so far
[07:50] {craigaudio} missed infy
[07:50] {dino} de hl l .50
[07:50] {craigaudio} whats "hl" stand for dino?
[07:52] {Threei} half lot
[07:52] {craigaudio} ok thanks
[07:52] {craigaudio} YM dropping
[07:53] {craigaudio} do you trade QQQQ or the futures at all Vad?
[07:53] {Threei} not really
[07:54] {craigaudio} k
[07:55] {craigaudio} good sign with JNPR holding
[07:57] {craigaudio} gave it the kiss of death. stopped out second half
[07:58] {craigaudio} what about shorting EBAY if it bounces back to 33.14?
[07:59] {Threei} I'd oprefer it to stay under .10
[08:00] {Threei} shorted BRCM, magoo?
[08:00] {craigaudio} ok
[08:02] {craigaudio} LINA short?
[08:03] {craigaudio} sorrt LINTA
[08:03] {Threei} nah
[08:11] {Raven} Good cold, damp, clammy, rainy morning ... 50.5F ... that sucks !
[08:11] {dino} out de .74, getting strange
[08:12] {DaveG} there he is, Morning Raven sir
[08:12] {Threei} sorry R
[08:12] {dino} +.24, de
[08:12] {Raven} hiya guys
[08:12] {Threei} but feel free to discipline dave to feel better
[08:12] {DaveG} hey
[08:12] {DaveG} i've been good
[08:12] {Raven} so far he is respectful ....
[08:12] {DaveG} see :)
[08:12] {Raven} but be careful
[08:12] {Threei} so what dave, there is such thing as preemptive punishment
[08:13] {DaveG} sigh
[08:13] {Threei} BRCM obeys NQ
[08:15] {lklarson} hi all
[08:15] {Threei} lkl :)
[08:16] {craigaudio} hi larson
[08:17] {craigaudio} Vad do you use anything else bar bollinger bands/volume as indicators
[08:17] {dino} gm lkl
[08:17] {Threei} nope
[08:17] {Threei} even BBs are on the verge of relevance for me
[08:20] {craigaudio} k
[08:20] {dino} lend jumpy
[08:22] {craigaudio} TRINS rising. not good for longs
[08:22] {craigaudio} do you watch market internals like TRINS and the TICKs Vad?
[08:23] {dino} cvlt s .59, stop .77
[08:23] {Threei} nope
[08:23] {Roman} JASO losing it
[08:23] {craigaudio} k
[08:26] {magoo} back, had to rob bank...missed brcm i see
[08:27] {dino} cvlt tighten bstop to .69, not feeling it
[08:31] {dino} cov cvlt .39, +.20
[08:31] {Roman} WINN wild one
[08:31] {Roman} but looks it wants higher
[08:31] {Roman} bidding 27.50
[08:32] {Roman} 1/2
[08:33] {dino} taking couple hour break, 2x's new goal
[08:33] {dino} thx all
[08:34] {Threei} gj dino
[08:34] {lklarson} tk dino
[08:35] {dino} :)
[08:35] {magoo} dino 6 for 6
[08:35] {dino} lucky
[08:41] {craigaudio} BMRN long Vad?
[08:42] {craigaudio} filling gap and close to break 18
[08:42] {Threei} if stays above .60, sure
[08:43] {craigaudio} .74 entry?
[08:43] {Threei} .72 if you go off intraday chart, .75 if off daily...
[08:43] {Threei} .75 I guess would be more accurate
[08:44] {craigaudio} no something that interests you?
[08:44] {craigaudio} not*
[08:44] {craigaudio} just wondering if there is anything that would put you off it
[08:45] {Threei} well, it's a nice chart overall,
[08:45] {Threei} the only thing that cools me off a little is,
[08:45] {Threei} it consolidates for a bit too long, and day is getting mature
[08:45] {Threei} I tend to trust breakouts less when we go into lunch time
[08:46] {craigaudio} ok. what do you switch to later into lunch time? breakdowns?
[08:46] {Roman} no go for WINN
[08:47] {Threei} too broad question
[08:47] {Threei} breakdowns cabn be just as treacherous, it all depends on particular environment
[08:47] {Threei} lunch time usually provides more of range opportunities
[08:47] {craigaudio} just wondering what your focus is then as the day progresses
[08:47] {Threei} bounces or retreats
[08:48] {Roman} shorting JASO small, under 24.55
[08:48] {Threei} less trend continuations
[08:48] {Threei} thus more of scalping approach
[08:48] {craigaudio} ok. whats a retreat? never heard that phrase used
[08:48] {Threei} bounce with your monitor turned upside down
[08:48] {DaveG} it's when your church group goes into the woods
[08:48] {Threei} or you standing on your head
[08:49] {Threei} but not both as it will turn retreat into bounce again
[08:49] {craigaudio} lol
[08:49] {Threei} :)
[08:50] {Roman} in JASO short
[08:50] {lklarson} wont let me short JASO
[08:50] {lklarson} same old story
[08:51] {craigaudio} yes im using the order bar more now to ween myself off the matrix and perhaps get a new broker
[08:52] {Threei} you guys like torturing yourself, don't you? :)
[08:52] {lklarson} not a bad idea
[08:52] {craigaudio} keep TS for charts and just pay the subscription or make a few trades a month to make sure its free
[08:52] {craigaudio} and you like teasing us about it ;-)
[08:52] {Roman} tradestation has very low short availability
[08:52] {lklarson} that all its good:)
[08:53] {craigaudio} hey its not that easy to just unplug yourself from the matrix. its such a warm fluffy place
[08:53] {lklarson} Roman, do you miss alot of short trades to
[08:53] {Roman} no, i have CyberTrader and InteractiveBrokers as well
[08:53] {lklarson} ok, thx
[08:54] {craigaudio} DISH B/O
[08:54] {Roman} but it looks like Laser has best short availability of any one
[08:54] {Threei} everyone is so complicated... I feel inferior with my single broker, no indicators, no fancy ways of sending order... {G}
[08:55] {lklarson} will definately make plans to change, just missing to many trades
[08:55] {craigaudio} yes all this technology is taking out on my poor hamster powering the generator wheel
[08:55] {Threei} that could be a bad idea lkl
[08:56] {craigaudio} the shorting thing doesnt bother me so much
[08:56] {Threei} with superior fills and shiort availability you will lose a reason to complain
[08:56] {lklarson} true:)
[08:56] {Threei} (feel free to slap me)
[08:56] {craigaudio} ive just had half a dozen bad fills and other glitches
[08:56] {lklarson} I'll find something else to complain about, lol
[08:57] {Threei} yeah, Dave is always here
[08:57] {DaveG} lol
[08:58] * magoo slaps Threei around a bit with a large trout
[08:58] * magoo slaps Threei around a bit with a large trout
[08:58] {Threei} hmmm
[08:58] {Threei} again... why would one feel a need to slap me when dave is around...
[08:59] {lklarson} good thing since I do not even know how to slap people around
[08:59] {Roman} AAPL Apple: iPhone delayed until October, Leopard delayed again until January - Engadget (106.80 )
[09:00] {magoo} 11:56] {Threei} (feel free to slap me)
[09:00] {craigaudio} aapl overeaction?
[09:00] {Threei} wasn't directed to you, but OK, I can see how you could take it as an invitation
[09:01] {Threei} don't do it craig
[09:01] {craigaudio} no not after yesterday
[09:01] {DaveG} aapl is evil
[09:01] {Threei} your fingers barely healed from last knife catching session
[09:01] {craigaudio} yes yesterday was a bummer
[09:02] {craigaudio} plus when i shorted appl and the n it bounced!
[09:02] {craigaudio} aapl was much nicer under 90. less volatile
[09:03] {Threei} {Adam} AAPL is evil
[09:06] {craigaudio} praise the lord
[09:07] {magoo} vad, loss of .50 new brcm short trigger or not so good?
[09:09] {Threei} if not going over .60
[09:09] {craigaudio} i might go in that too magoo
[09:09] {Threei} better keep stops tight at this time
[09:11] {craigaudio} NQ lower high on bounce
[09:11] {craigaudio} you know i dont think BRCM will break that .50 area magoo
[09:11] {Roman} AMAT breaking support
[09:12] {craigaudio} just a feeling
[09:15] {craigaudio} aapl overeaction. probably leaked by someone to push the price down in order to reload
[09:15] {Roman} AAPL Apple: Engadget issues false alarm on Apple story (106.60 ) -Update-
[09:16] {craigaudio} lol
[09:16] {DaveG} lol
[09:16] {craigaudio} crooks
[09:17] {Threei} scalped
[09:17] {Threei} ty Roman
[09:17] {craigaudio} you took bounce Vad?
[09:17] {Threei} on news post
[09:17] {Roman} Engadget now writes "While our source that provided us the information is solid, we just heard back from Apple PR -- they let us know that the iPhone and Leopard are both still on track, and should meet their expected launch timeframes. We'll keep you up to the second with any further developments." (See 11:58 comment)
[09:18] {craigaudio} im long from .75
[09:18] {craigaudio} stop under pivot on 1min
[09:18] {craigaudio} small shares
[09:19] {DaveG} wtg
[09:19] {craigaudio} out +.75
[09:20] {Threei} 1:3
[09:20] {Threei} nice
[09:20] {craigaudio} well the crooks helped me out so ill let them off this once
[09:20] {Threei} that's the way to play the game
[09:20] {Threei} use them
[09:20] {Threei} all they do is prvide opportinity
[09:21] {craigaudio} yes
[09:22] {DaveG} as the story hits cnbc
[09:24] {Threei} BMRN, time to look for exit
[09:24] {craigaudio} BMRN. whos playing that?
[09:25] {Threei} I thought you did? :)
[09:25] {craigaudio} no i went off the idea and aapl came along
[09:25] {craigaudio} oh it worked too! did you take it?
[09:25] {Threei} ok... it worked foer slightly over 1:1
[09:25] {Roman} TSYS strong today
[09:25] {Roman} WINN trying for high
[09:25] {magoo} hey vad, this afternoon..throw up 3 shorts altogether again and hit 3 for 3 ..ok}}????
[09:26] {Threei} sigh... pressure...
[09:26] {Threei} I am doing best in my sleep magoo... not when I am looking for a trade intently :)
[09:27] {Roman} cover 1/2 JASO +.32
[09:27] {magoo} stick with what worx,,,i just thought that was aesome yesterday, u put them all out in a row...like a madmann
[09:27] {dptl} cvtx?
[09:28] {dino} nice rfr
[09:28] {Threei} 10.30 long if stays above .20, dp
[09:29] {Threei} this happens when they jump out on me magoo... when I go looking for them, they hide
[09:29] {dptl} ty
[09:29] {magoo} stay the course boss...just want u knowing that i am with ya...not working for nada
[09:37] {craigaudio} HOLX formed double bottom. best in 5min chart
[09:38] {craigaudio} although daily sic
[09:40] {craigaudio} short BRCM. .49, stop at .65 halflot
[09:42] {craigaudio} what do you think Vad?
[09:42] {Threei} valid play
[09:43] {craigaudio} would be nice to get NQ drop. look at the 60min. could fill gap from 30 march
[09:43] {craigaudio} but not getting carried away
[09:47] {craigaudio} not working. stop to .60
[09:48] {craigaudio} looks like could be bounce. volume coming in
[09:52] {Threei} short .58
[09:52] {Threei} aggressive
[09:52] {craigaudio} BRCM?
[09:52] {Threei} stop is funny, .61
[09:53] {Threei} yeah
[09:53] {craigaudio} my stop is .62
[09:53] {craigaudio} NQ dropping
[09:54] {Threei} ?
[09:54] {DaveG} ??
[09:54] {Threei} where?
[09:54] {magoo} vad, u watching jnpr?still in half?
[09:55] {Threei} no, stop was trailed to .89 way ago
[09:55] {magoo} iok
[09:56] {craigaudio} get down BRCM!!!
[09:57] * Threei slaps LaserDave around a bit with a large trout
[09:57] * magoo slaps DaveG around a bit with a large trout
[09:57] {Threei} wake up and smell dcc
[09:58] * Threei hits BRCM over the head with 2x4
[09:58] {craigaudio} added when you entered Vad kept same stop. if fails only slightly smaller loss but potential for more gain
[09:59] {Threei} NQ is upticking stubbornly
[09:59] {craigaudio} you think a good approach. i sometimes add to a position when it comes close to my stop
[09:59] {Threei} we are trying to swim against the current so far
[09:59] {craigaudio} damn
[09:59] {Threei} stopped
[09:59] {Threei} no, I don't
[09:59] {Threei} we talked about it yesterday
[10:00] {Threei} adding to position that moves against you doesn't make sense to me
[10:00] {DaveG} nq ramping
[10:00] {dino} glw l .80
[10:00] {craigaudio} ok yes
[10:00] {magoo} jnpr close to triggering
[10:01] {craigaudio} well my aapl negated
[10:01] {dptl} tnx Craig....outHOLX...+.48
[10:02] {DaveG} wtg dp
[10:02] {Threei} wow
[10:02] {craigaudio} good work dp
[10:02] {Threei} nice
[10:02] {dino} gj dp
[10:02] {dptl} TY
[10:02] {craigaudio} and what the hell was i doing with BRCM! double drat
[10:03] {craigaudio} triple drat.
[10:03] {patience} very nice dptl
[10:03] {Roman} HSOA Home Solutions subsidiaries Awarded $19 Million in New Contracts (5.79 +0.09)
[10:03] {Roman} Co announces it has been awarded approx $19 mln in new contracts. $11 mln of the work under the contracts is scheduled to be completed in 2007, and was not included in the co's previously announced backlog.
[10:04] {craigaudio} yes the double bottom was a nice pattern. plus the stop wasnt too far away
[10:05] {craigaudio} ENER
[10:07] {Roman} GIGM new high
[10:07] {craigaudio} potential bounce ENER?
[10:07] {Threei} didn't you swear off overly volatile stocks?
[10:08] {craigaudio} thats not that volatile is it?
[10:08] {Threei} ENER can be horrible when it gets hot
[10:08] {Threei} look at the sizzes
[10:08] {craigaudio} being an energy stock and all
[10:09] {DaveG} what size
[10:09] {DaveG} 1
[10:09] {DaveG} lol
[10:09] {craigaudio} hesitated and missed my fill at .59 so skipping now
[10:09] {craigaudio} was gonna give it 10cent stop
[10:10] {Threei} didn't you also swear off going long on downtrending stocks?
[10:10] {craigaudio} not really
[10:10] {Threei} just trying to understand how your trading plan shapes up
[10:11] {craigaudio} after yesterday...i decided not to take bounces on stocks that have bad news and also the NQ is trending down also
[10:12] {craigaudio} not missing all bounces in a market thats currently not downtrend
[10:12] {craigaudio} trading plan needs updating. sorting out as we speak
[10:17] {craigaudio} i cant watch ENER 32.82
[10:19] {dptl} cvtx......................missed
[10:24] {dino} seems i cov. too quicky
[10:24] {dino} cvtl i mean
[10:31] {dptl} dell?
[10:35] {Roman} TASR TASER stun guns get broader trial in UK, Home Office says - Bloomberg (9.15 +0.16) -Update-
[10:39] {craigaudio} ENER through 33
[10:40] {Roman} AMZN
[10:42] {Roman} ..
[10:46] {Roman} long GIGM
[10:46] {Roman} 1/2 size 15.85
[10:48] {magoo} someone slap vad..wake him up please lol
[10:49] {Threei} don't
[10:49] * DaveG slaps magoo around a bit with a large trout
[10:54] {dino} wpte
[10:57] {craigaudio} SEPR
[11:02] {Roman} ESLR high
[11:05] {dino} tecua s .06
[11:06] {craigaudio} tecua must be news
[11:07] {craigaudio} Tecumseh Prods reports Q1 (10.73 *0.03) : Reports Q1 (Mar) loss of $0.91 per share, incl items, may not be comparable to the Reuters Estimates consensus of ($1.49); revenues rose 3.2% year/year to $460.5 mln vs the $453.20 mln consensus.
[11:11] {magoo} vad...jumpin JNPR
[11:11] {Threei} dunno... not sure
[11:12] {Threei} NQ makes new high, JNPR hasn't reached its old one
[11:34] {craigaudio} any opportunties out there guys?
[11:34] {Threei} nothing that I could read with any degree of realiability
[11:34] {dino} nah
[11:35] {craigaudio} k thanks. it good that you have the patience and disapline to sit and wait
[11:36] {dino} two on, but hard stops in, not really moving
[11:36] {DaveG} onxx
[11:36] {dino} ufpi
[11:38] {Threei} what's the alternative craig? trading for the sake of trading?
[11:38] {craigaudio} exactly. there is no alternative
[11:41] {Chaeron} .
[11:41] {magoo} ..
[11:42] {Threei} ...
[11:43] {patience} patience is waiting for a stock to rebound after 2 days of watching profit taking and being down 13K on it.....arghhh....i hate being patient sometimes
[11:43] {DaveG} there she is
[11:43] {patience} head banging day dave
[11:43] {DaveG} yeah, been there
[11:43] {DaveG} what stock
[11:44] {patience} canadian stock on toronto exchange
[11:45] {dino} gl w/it patience
[11:45] {patience} ty, i'm aveaging nicely for the year but is sucks when a downdraft happens
[11:46] {dino} fully understand, was running well until may, then a bit off
[11:47] {dino} amat break of .00, trig short imo
[12:00] {craigaudio} thinking most of the money making plays have gone for the day
[12:01] {craigaudio} amgn short vad?
[12:02] {Threei} .14 if stays under .25
[12:03] {dino} glw stopped -.11
[12:11] {craigaudio} long erts .67 klinger bounce
[12:30] {Threei} aftrenoon is one big yawn
[12:30] {magoo} no kidding..want those hours of my life back
[12:31] {craigaudio} im off now guys
[12:31] {Threei} BMRN is still moving... wow
[12:31] {craigaudio} see you all tomorrow
[12:31] {Threei} take care craig
[12:32] {craigaudio} u too vad
[12:37] {Chaeron} 13500 party hats on?
[12:37] {Threei} just 33 points left
[12:39] {Threei} OK guys, leaving now
[12:39] {DaveG} take care vad
[12:39] {Threei} hopefully will survive another day
[12:39] {Threei} take care, see you tomorrow
[12:40] {magoo} ty vad, hjopefully tomorrow better
[12:40] {Threei} y wasn't bad... just boring swecond half
[12:41] {magoo} only made $300
[12:41] {magoo} and sat for what...? 5 hrs he he
[12:43] {Chaeron} hey... $300 everyday for a month is $6000
[12:44] {magoo} how u know tghat? he he
[12:47] {Chaeron} 22 trading days in a month :)
[12:47] {Chaeron} (give or take)
[12:53] {dino} you are so right chaeron
[12:53] {Chaeron} dino - you and magoo spend that much money on ice for your beer cooler alone in a month.......
[12:53] {Chaeron} you guys are so huge :)
[12:54] {Chaeron} and I mean wealth-wise, not waist-wise
[12:54] {magoo} hell...we drink it warm
[12:54] {dino} oh c'mon. we have a separate beer refridg
[12:54] {Chaeron} lol
[12:56] {DaveG} have a great evening gang
[12:56] {dino} you 2
[12:57] {magoo} u too
[12:59] {dino} cov tecua flat
[13:00] {dptl} good night guys see ya tommorrow
[13:01] {dino} take care all, gotta hop, son's little league game
Session Time: Wed May 16 00:00:00 2007
[05:44] {gabby} good morning RT's. Ou est vous
[05:44] {DaveG} morning
[05:47] {magoo} morning
[05:49] {DaveG} out 3/4 DE +2
[05:51] {esemde} morning guys and dolls
[05:51] {magoo} ES: )
[05:52] {esemde} howdy mag's
[05:52] {Threei} Good morning good people
[05:52] {Threei} ummm... that was discrimination
[05:52] {Threei} good morning people
[05:53] {esemde} the world sure is quiet at this time of the morning
[05:53] {magoo} gninrom dav
[05:53] {esemde} morning Vad
[05:53] {Threei} esemde, oogam :)
[05:53] {gabby} morning vad
[05:53] {Threei} gabby :)
[05:53] {esemde} them little checkups going OK? My wife is a nurse if you need to ask any questions
[05:54] {Threei} thank you, will keep in mind :)
[05:54] {DaveG} morning vad
[05:54] {Threei} Dave :)
[05:54] {Threei} it's a small treatment actually... so far so good
[05:56] {esemde} this is a good thing....
[05:56] {Threei} off the record, keep an eye on FORG
[05:56] {Threei} thing seems to pull back close to support and volume practically disappeared
[05:57] {Threei} in the past it spiked at some point in this kind of situations
[05:59] {cosmo} NUVO?
[05:59] {cosmo} rumor?
[05:59] {Threei} upgrade
[05:59] {esemde} FORG Forgent Networks Inc. continued increasing its profit during the second quarter of 2007.
[05:59] {esemde} The company recorded net income of $1.3 million, or 5 cents a share, in the quarter, compared with a loss of $480,000, or 2 cents a share, in the same period a year ago.
[05:59] {cosmo} buy out?
[05:59] {esemde} Revenue for the second quarter of 2007 totaled $1 million, compared with $4.4 million in the same quarter of 2006. Revenue from Forgent's intellectual property licensing went down from $3.8 million in the second quarter of 2006 to $28,000 in this second quarter of 2007. However, revenue from its software and services increased from $546,000 in the second quarter to $1 million in the second quarter of 2007.
[06:00] {magoo} XING news??
[06:00] {Threei} we get confused with facts easily, esemde :)
[06:01] {esemde} opps!!! appologies..
[06:01] {Threei} hehe
[06:01] {esemde} I'll restrain that kind of enthusiasm ......
[06:01] {Threei} don't see anything on XING
[06:02] {Threei} NUVO, BofA upgraded it to neutral qith target 3.50 cosmo... fluff, IMO
[06:02] {cosmo} hmm, fluff ... warm and fuzzy
[06:03] {cosmo} k
[06:03] {magoo} pretty good gap xing vad...i have trouble with reading it....it was billy's baby
[06:03] {esemde} Sales* 49.91 Mil
[06:03] {esemde} Income* 6.47 Mil
[06:03] {esemde} Sales Growth* +42.40%
[06:03] {esemde} Income Growth* +79.30%
[06:03] {esemde} Net Profit Margin +14.62%
[06:03] {esemde} Debt/Equity Ratio 0.40
[06:04] {Roman} STRN Sutron Receives $2,222,628 Order for Automatic Hydro-Met Stations in Iraq
[06:04] {esemde} opps that was for XING
[06:04] {craigaudio} gm guys
[06:04] {Threei} craig :)
[06:04] {esemde} I'm a fact guy sometimes...what can I say
[06:05] {Threei} XING was more or less p a play while on uptrend, magoo
[06:05] {Threei} ever since that gap down it was largely off the map
[06:06] {_ted123} Hi
[06:06] {Threei} ted :)
[06:07] {Threei} it's a good thing esemde... we need reality check sometimes, or we all will buy all FONR there is and dream of untold riches waiting for us in the sky sprinkled with diamonds
[06:09] {dptl} good morning all
[06:09] {Threei} dp :)
[06:09] {cosmo} diamonds are falling?
[06:10] {dptl} Vad,can you dcc me,pls
[06:10] {Threei} dunno, I am busy gathering something in my bag
[06:11] {Threei} did
[06:11] {Threei} dp
[06:15] {DaveG} Raven Industries reports earnings tommorow :)
[06:16] {Threei} while DAVE sold off full dollar yesterday
[06:16] {DaveG} lol
[06:16] {DaveG} where is that little birdie anyways
[06:18] {cosmo} he's trying to find the bees, Dave
[06:18] {DaveG} aahhh
[06:18] {Threei} careful Dave
[06:18] {DaveG} lol
[06:18] {cosmo} now HE's missing
[06:19] {Threei} you know, pick up on a martial arts master, be ready to visit a dentist {G}
[06:19] {DaveG} :)
[06:25] {esemde} MPWR ...up 2.60 17k shs maybe a good short after the open
[06:25] {dino} gm all
[06:25] {Threei} dino :)
[06:26] {DaveG} man, the Ducks got clobbered, sheesh
[06:32] {Threei} MPWR may be worth a shot on a short side if .45 broken
[06:32] {Threei} or if that huge bid is pulled
[06:33] {Threei} small shares in a ny case, stock can be jumpy
[06:34] {magoo} like that?
[06:34] {Threei} eqaktly like that
[06:34] {Threei} CPWR
[06:34] {Threei} news?
[06:35] {Roman} Compuware beats by $0.04 (9.94 -0.08) : Reports Q4 (Mar) earnings of $0.21 per share, $0.04 better than the Reuters Estimates consensus of $0.17; revenues rose 1.1% year/year to $313 mln vs the $313 mln consensus.
[06:35] {Threei} ty
[06:35] {Roman} 15-May-07 16:21 ET
[06:36] {Roman} DRYS
[06:37] {Threei} watching JNPR
[06:37] {Threei} .80 long
[06:38] {Threei} .64 stop
[06:39] {Threei} stock is fairly close to total breakout level 24
[06:39] {Threei} if it moves, aim for half out close to that level
[06:39] {magoo} in
[06:39] {Threei} and try to give second half a chance for that break
[06:39] {dino} rvbd l .50
[06:39] {esemde} XING bounce
[06:40] {Threei} or take a scalp if that's your MO
[06:41] {magoo} CPWR vali
[06:41] {magoo} sorry
[06:41] {magoo} wriong onbe
[06:41] {magoo} how u like that typing?
[06:41] {Threei} love it
[06:42] {magoo} goog up
[06:42] {craigaudio} when did you get in CPWR magoo?
[06:42] {dino} l pde .90
[06:42] {craigaudio} gave a nice pullback before the run. i was rebooting at the time
[06:42] {esemde} cpwr ...rats missed it..
[06:42] {magoo} i didn't, thought it was mpwr
[06:43] {magoo} only in jnpr
[06:43] {craigaudio} anyone get it?
[06:43] {_davegroom} my charts are messed up what is CPWR trading at
[06:43] {Threei} 11.83
[06:43] {esemde} good on ya...if you got in
[06:43] {_davegroom} thanks
[06:45] {Threei} Short Setup: BRCM 31.99 if stays under 32.15
[06:46] {craigaudio} yes vad like it. room to move down on the daily too
[06:46] {magoo} craig confuse magoo lol
[06:47] {Threei} we are easily confused bunch
[06:47] {Threei} me, I like traffic lights
[06:47] {craigaudio} if it breaks 32 then the daily support levels have been breached
[06:47] {craigaudio} and might move lower
[06:47] {Threei} just two signals to decode
[06:47] {Threei} and color takes away necessity to read
[06:47] {magoo} my personal favorite is light switch vad
[06:47] {craigaudio} yes pelican crossings can be dangerous. people dont always stop
[06:48] {dino} l de .75, hl
[06:48] {magoo} on........off
[06:48] {magoo} see.........no see
[06:48] {Threei} yeah, I know this passion magoo
[06:48] {Threei} can do it for hours
[06:48] {Threei} simple elegance
[06:49] {magoo} i gonna go do it right now in dino office
[06:49] {Threei} Attention: JNPR sdtop to .69
[06:50] {Threei} DNDN news?
[06:50] {craigaudio} if BRCM does hold here then its actaully a good long on a pullback as it will have made a double bottom
[06:50] {esemde} MPWR in a range
[06:50] {craigaudio} and has held this level many times
[06:51] {craigaudio} MPWR if breaks 17?
[06:52] {Threei} small shares
[06:52] {esemde} wondering if it's a bull trap
[06:52] {Threei} JNPR nears first partial out zone
[06:52] {craigaudio} jnpr inching up nicely
[06:52] {craigaudio} MPWR broke
[06:53] {esemde} there she goes good call craig
[06:53] {craigaudio} i didnt take it
[06:53] {craigaudio} :-(
[06:53] {craigaudio} nevermind
[06:53] {esemde} neither did I
[06:53] {craigaudio} was your call
[06:53] {Threei} Attention: JNPR 1:1, grab half off the table, stop to .74
[06:53] {esemde} something not ringing true for me
[06:54] {Threei} scalpers do your usual routine
[06:54] {magoo} out half .97
[06:54] {craigaudio} nice one. out half. very nice stressfree trade so far
[06:54] {magoo} oh shit....i a scalpewr
[06:54] {Threei} the rest, close your eyes and wait to see what happens once it breaks 24
[06:54] {Threei} stressfree is how I like'em, craig
[06:55] {magoo} 24 is THE WALL
[06:55] {craigaudio} yes. me too, thats why im here. The doctor stopped proscribing the Valium so have to stick to the relaxed moves
[06:56] {Threei} I prefer stress and agonizing over what to do today, BBQ or smoking
[06:56] {craigaudio} my days of RIMM and BIDU are over.
[06:56] {craigaudio} lets not even mention GOOG
[06:56] {Threei} {GOOG} and I just started thinking about commitnment... :(
[06:57] {magoo} thanx jnpr vad,,,very nice
[06:57] {Threei} welcome
[06:57] {Threei} very much my kind of trade
[06:57] {Threei} salmonish behaviour
[06:57] {craigaudio} sorry good but your just too foot loose and fancy free for me baby
[06:57] {craigaudio} good=GOOG
[06:57] {Threei} held very well while NQ pulled back, reinforcing long idea
[06:58] {Threei} then spiked with NQ bounce
[06:58] {dino} out de .79, +1.04
[06:58] {craigaudio} nice dino. earnings play i presume
[06:58] {Threei} and when all this happens so close to major resistance, it adds nice spicy taste to things
[06:58] {craigaudio} dino what indicators on charts do you use?
[06:59] {Threei} stop to .84
[06:59] {dino} ty, yes, plus i just bought one this a.m.
[06:59] {magoo} dart board
[06:59] {Threei} {dino} indicators?
[06:59] {Threei} {dino} charts?
[06:59] {dino} my son
[07:00] {craigaudio} BRCM fired
[07:00] {dino} out pde .10, +.20
[07:01] {dino} out rvbd .80, +.30
[07:01] {craigaudio} let me know if it was still valid as im in
[07:01] {Threei} craig, you realize it violated 'IF" in setup's scenario?
[07:01] {Threei} at the very least it means your stop would have to be .21 instead of .16
[07:01] {dino} \slowing down
[07:01] {craigaudio} shall i just get out?
[07:02] {Threei} and quite likely it made a trade questionable if not invalid
[07:02] {Threei} well, NQ tries to break down
[07:02] {dino} whats w/agil?
[07:02] {Threei} maybe give it a chance
[07:02] {Threei} there
[07:03] {Threei} trail stop to .11
[07:04] {craigaudio} thnks vad
[07:05] {magoo} covered brcm .89,
[07:06] {magoo} ty boss..although it was not eqactly your setup
[07:06] {Threei} I'll just go ahead and take credit anyway
[07:06] {Threei} {G}
[07:07] {craigaudio} im out too at 1:1
[07:07] {craigaudio} nice one
[07:07] {magoo} might as well...i blame u alot when its my fault
[07:07] {dino} mnst l .40
[07:07] {dino} risky
[07:07] {DaveG} lol mags
[07:08] {Threei} if it makes you feel better, by all means... but I don't understand why you need to blame anyone else when we have dave here
[07:08] {DaveG} lol
[07:08] {Threei} :)
[07:08] * magoo slaps DaveG around a bit with a large trout
[07:08] {Threei} see? and life's all rosy
[07:09] {DaveG} i'm glad i can be of service
[07:10] {Threei} everyone's a winner... slapper feels relief, slapee feels needed
[07:10] {DaveG} :)
[07:11] {Threei} TBSI...
[07:11] {Threei} smaaaal shares long
[07:11] {magoo} sheesh...dino just slapped me for playing with his computer on ...off...switvch
[07:12] {craigaudio} now vad?
[07:12] {Threei} yes
[07:12] {Threei} meanie that dino
[07:12] {dino} mnst stop is .60
[07:12] {Threei} stop under .80 TBSI
[07:13] {Threei} JNPR balance stop to .89
[07:13] {craigaudio} waiting to get filled TBSI
[07:13] {dino} out mnst .73, +.33
[07:14] {dino} dino is bacckkk
[07:14] {Threei} hehe
[07:14] {craigaudio} you tha man dino
[07:14] {Threei} welcome back
[07:14] {dino} why thank you
[07:14] {craigaudio} dont do anything stupid now though
[07:14] {craigaudio} i find it much easyier to put back. and usually do
[07:15] {dino} :)
[07:15] {Threei} dino sighs, throws away bottle of vodka and cancels escort service call
[07:15] {dino} lol
[07:15] {craigaudio} lol
[07:15] {Threei} TBSI 1:2
[07:15] {craigaudio} big spread on TBSI
[07:16] {Threei} that's why "smaaaal shares" remark
[07:16] {craigaudio} yes noted
[07:16] {craigaudio} thats why i only put 3000 on ;-)
[07:16] {dino} whoa
[07:16] {Threei} so, you caused that spike singlehandedly :)
[07:17] {craigaudio} lol
[07:17] {esemde} CVLT..
[07:17] {Threei} good luck finding a buyer now
[07:17] {craigaudio} with 3000 shares on a stock like that id have to have a valium drip and escort girls fanning me down while i neck vodka
[07:18] {dino} now thats a vacation
[07:19] {Threei} lol
[07:19] {craigaudio} for experienced traders only. not everyone can take that sort of external enjoyment and trade with a level head
[07:20] {Threei} that's a questionable assumption... see, you assume the head, level or not, is a necessary accessory for trading
[07:22] {craigaudio} damn. ive been done by the barber. he said i need a flat top cut for trading!!! the fiend
[07:23] {dino} thats what i have
[07:23] {dino} thought it was required
[07:24] * magoo slaps dino around a bit with a large trout
[07:25] {dino} iaac spike
[07:25] {magoo} hey vad, for scalpers out of jnpr, 24 a long trigger/
[07:26] {craigaudio} forming a triangle here in 5min. could go easily higher
[07:28] {dino} seeing circles here
[07:30] {Threei} 24.06 rather, magoo
[07:30] {Roman} GIGM trying for new high
[07:31] {magoo} ok, how about brcm as a renewed short?
[07:32] {Threei} being in red while NQ positive makes it a candidate
[07:32] {Threei} ideally, if stays under .95
[07:32] {Threei} it's just that it requires NQ reversal to downside to wrok
[07:32] {Threei} so if it happens, sure
[07:34] {craigaudio} worth adding on the JNPR if it breaks 24.06? is that a good option too
[07:34] {Roman} long ESLR
[07:34] {Roman} 1/2 size 9.08
[07:35] {Threei} not sujre craig... tough call
[07:35] {craigaudio} might be stopped here anyway now
[07:38] {craigaudio} DRYS falling
[07:39] {craigaudio} looking at BIF as a swing. put in hammer on daily with volume coming in
[07:43] {Roman} CYDS again
[07:47] {craigaudio} pretty much range bound day so far
[07:50] {craigaudio} missed infy
[07:50] {dino} de hl l .50
[07:50] {craigaudio} whats "hl" stand for dino?
[07:52] {Threei} half lot
[07:52] {craigaudio} ok thanks
[07:52] {craigaudio} YM dropping
[07:53] {craigaudio} do you trade QQQQ or the futures at all Vad?
[07:53] {Threei} not really
[07:54] {craigaudio} k
[07:55] {craigaudio} good sign with JNPR holding
[07:57] {craigaudio} gave it the kiss of death. stopped out second half
[07:58] {craigaudio} what about shorting EBAY if it bounces back to 33.14?
[07:59] {Threei} I'd oprefer it to stay under .10
[08:00] {Threei} shorted BRCM, magoo?
[08:00] {craigaudio} ok
[08:02] {craigaudio} LINA short?
[08:03] {craigaudio} sorrt LINTA
[08:03] {Threei} nah
[08:11] {Raven} Good cold, damp, clammy, rainy morning ... 50.5F ... that sucks !
[08:11] {dino} out de .74, getting strange
[08:12] {DaveG} there he is, Morning Raven sir
[08:12] {Threei} sorry R
[08:12] {dino} +.24, de
[08:12] {Raven} hiya guys
[08:12] {Threei} but feel free to discipline dave to feel better
[08:12] {DaveG} hey
[08:12] {DaveG} i've been good
[08:12] {Raven} so far he is respectful ....
[08:12] {DaveG} see :)
[08:12] {Raven} but be careful
[08:12] {Threei} so what dave, there is such thing as preemptive punishment
[08:13] {DaveG} sigh
[08:13] {Threei} BRCM obeys NQ
[08:15] {lklarson} hi all
[08:15] {Threei} lkl :)
[08:16] {craigaudio} hi larson
[08:17] {craigaudio} Vad do you use anything else bar bollinger bands/volume as indicators
[08:17] {dino} gm lkl
[08:17] {Threei} nope
[08:17] {Threei} even BBs are on the verge of relevance for me
[08:20] {craigaudio} k
[08:20] {dino} lend jumpy
[08:22] {craigaudio} TRINS rising. not good for longs
[08:22] {craigaudio} do you watch market internals like TRINS and the TICKs Vad?
[08:23] {dino} cvlt s .59, stop .77
[08:23] {Threei} nope
[08:23] {Roman} JASO losing it
[08:23] {craigaudio} k
[08:26] {magoo} back, had to rob bank...missed brcm i see
[08:27] {dino} cvlt tighten bstop to .69, not feeling it
[08:31] {dino} cov cvlt .39, +.20
[08:31] {Roman} WINN wild one
[08:31] {Roman} but looks it wants higher
[08:31] {Roman} bidding 27.50
[08:32] {Roman} 1/2
[08:33] {dino} taking couple hour break, 2x's new goal
[08:33] {dino} thx all
[08:34] {Threei} gj dino
[08:34] {lklarson} tk dino
[08:35] {dino} :)
[08:35] {magoo} dino 6 for 6
[08:35] {dino} lucky
[08:41] {craigaudio} BMRN long Vad?
[08:42] {craigaudio} filling gap and close to break 18
[08:42] {Threei} if stays above .60, sure
[08:43] {craigaudio} .74 entry?
[08:43] {Threei} .72 if you go off intraday chart, .75 if off daily...
[08:43] {Threei} .75 I guess would be more accurate
[08:44] {craigaudio} no something that interests you?
[08:44] {craigaudio} not*
[08:44] {craigaudio} just wondering if there is anything that would put you off it
[08:45] {Threei} well, it's a nice chart overall,
[08:45] {Threei} the only thing that cools me off a little is,
[08:45] {Threei} it consolidates for a bit too long, and day is getting mature
[08:45] {Threei} I tend to trust breakouts less when we go into lunch time
[08:46] {craigaudio} ok. what do you switch to later into lunch time? breakdowns?
[08:46] {Roman} no go for WINN
[08:47] {Threei} too broad question
[08:47] {Threei} breakdowns cabn be just as treacherous, it all depends on particular environment
[08:47] {Threei} lunch time usually provides more of range opportunities
[08:47] {craigaudio} just wondering what your focus is then as the day progresses
[08:47] {Threei} bounces or retreats
[08:48] {Roman} shorting JASO small, under 24.55
[08:48] {Threei} less trend continuations
[08:48] {Threei} thus more of scalping approach
[08:48] {craigaudio} ok. whats a retreat? never heard that phrase used
[08:48] {Threei} bounce with your monitor turned upside down
[08:48] {DaveG} it's when your church group goes into the woods
[08:48] {Threei} or you standing on your head
[08:49] {Threei} but not both as it will turn retreat into bounce again
[08:49] {craigaudio} lol
[08:49] {Threei} :)
[08:50] {Roman} in JASO short
[08:50] {lklarson} wont let me short JASO
[08:50] {lklarson} same old story
[08:51] {craigaudio} yes im using the order bar more now to ween myself off the matrix and perhaps get a new broker
[08:52] {Threei} you guys like torturing yourself, don't you? :)
[08:52] {lklarson} not a bad idea
[08:52] {craigaudio} keep TS for charts and just pay the subscription or make a few trades a month to make sure its free
[08:52] {craigaudio} and you like teasing us about it ;-)
[08:52] {Roman} tradestation has very low short availability
[08:52] {lklarson} that all its good:)
[08:53] {craigaudio} hey its not that easy to just unplug yourself from the matrix. its such a warm fluffy place
[08:53] {lklarson} Roman, do you miss alot of short trades to
[08:53] {Roman} no, i have CyberTrader and InteractiveBrokers as well
[08:53] {lklarson} ok, thx
[08:54] {craigaudio} DISH B/O
[08:54] {Roman} but it looks like Laser has best short availability of any one
[08:54] {Threei} everyone is so complicated... I feel inferior with my single broker, no indicators, no fancy ways of sending order... {G}
[08:55] {lklarson} will definately make plans to change, just missing to many trades
[08:55] {craigaudio} yes all this technology is taking out on my poor hamster powering the generator wheel
[08:55] {Threei} that could be a bad idea lkl
[08:56] {craigaudio} the shorting thing doesnt bother me so much
[08:56] {Threei} with superior fills and shiort availability you will lose a reason to complain
[08:56] {lklarson} true:)
[08:56] {Threei} (feel free to slap me)
[08:56] {craigaudio} ive just had half a dozen bad fills and other glitches
[08:56] {lklarson} I'll find something else to complain about, lol
[08:57] {Threei} yeah, Dave is always here
[08:57] {DaveG} lol
[08:58] * magoo slaps Threei around a bit with a large trout
[08:58] * magoo slaps Threei around a bit with a large trout
[08:58] {Threei} hmmm
[08:58] {Threei} again... why would one feel a need to slap me when dave is around...
[08:59] {lklarson} good thing since I do not even know how to slap people around
[08:59] {Roman} AAPL Apple: iPhone delayed until October, Leopard delayed again until January - Engadget (106.80 )
[09:00] {magoo} 11:56] {Threei} (feel free to slap me)
[09:00] {craigaudio} aapl overeaction?
[09:00] {Threei} wasn't directed to you, but OK, I can see how you could take it as an invitation
[09:01] {Threei} don't do it craig
[09:01] {craigaudio} no not after yesterday
[09:01] {DaveG} aapl is evil
[09:01] {Threei} your fingers barely healed from last knife catching session
[09:01] {craigaudio} yes yesterday was a bummer
[09:02] {craigaudio} plus when i shorted appl and the n it bounced!
[09:02] {craigaudio} aapl was much nicer under 90. less volatile
[09:03] {Threei} {Adam} AAPL is evil
[09:06] {craigaudio} praise the lord
[09:07] {magoo} vad, loss of .50 new brcm short trigger or not so good?
[09:09] {Threei} if not going over .60
[09:09] {craigaudio} i might go in that too magoo
[09:09] {Threei} better keep stops tight at this time
[09:11] {craigaudio} NQ lower high on bounce
[09:11] {craigaudio} you know i dont think BRCM will break that .50 area magoo
[09:11] {Roman} AMAT breaking support
[09:12] {craigaudio} just a feeling
[09:15] {craigaudio} aapl overeaction. probably leaked by someone to push the price down in order to reload
[09:15] {Roman} AAPL Apple: Engadget issues false alarm on Apple story (106.60 ) -Update-
[09:16] {craigaudio} lol
[09:16] {DaveG} lol
[09:16] {craigaudio} crooks
[09:17] {Threei} scalped
[09:17] {Threei} ty Roman
[09:17] {craigaudio} you took bounce Vad?
[09:17] {Threei} on news post
[09:17] {Roman} Engadget now writes "While our source that provided us the information is solid, we just heard back from Apple PR -- they let us know that the iPhone and Leopard are both still on track, and should meet their expected launch timeframes. We'll keep you up to the second with any further developments." (See 11:58 comment)
[09:18] {craigaudio} im long from .75
[09:18] {craigaudio} stop under pivot on 1min
[09:18] {craigaudio} small shares
[09:19] {DaveG} wtg
[09:19] {craigaudio} out +.75
[09:20] {Threei} 1:3
[09:20] {Threei} nice
[09:20] {craigaudio} well the crooks helped me out so ill let them off this once
[09:20] {Threei} that's the way to play the game
[09:20] {Threei} use them
[09:20] {Threei} all they do is prvide opportinity
[09:21] {craigaudio} yes
[09:22] {DaveG} as the story hits cnbc
[09:24] {Threei} BMRN, time to look for exit
[09:24] {craigaudio} BMRN. whos playing that?
[09:25] {Threei} I thought you did? :)
[09:25] {craigaudio} no i went off the idea and aapl came along
[09:25] {craigaudio} oh it worked too! did you take it?
[09:25] {Threei} ok... it worked foer slightly over 1:1
[09:25] {Roman} TSYS strong today
[09:25] {Roman} WINN trying for high
[09:25] {magoo} hey vad, this afternoon..throw up 3 shorts altogether again and hit 3 for 3 ..ok}}????
[09:26] {Threei} sigh... pressure...
[09:26] {Threei} I am doing best in my sleep magoo... not when I am looking for a trade intently :)
[09:27] {Roman} cover 1/2 JASO +.32
[09:27] {magoo} stick with what worx,,,i just thought that was aesome yesterday, u put them all out in a row...like a madmann
[09:27] {dptl} cvtx?
[09:28] {dino} nice rfr
[09:28] {Threei} 10.30 long if stays above .20, dp
[09:29] {Threei} this happens when they jump out on me magoo... when I go looking for them, they hide
[09:29] {dptl} ty
[09:29] {magoo} stay the course boss...just want u knowing that i am with ya...not working for nada
[09:37] {craigaudio} HOLX formed double bottom. best in 5min chart
[09:38] {craigaudio} although daily sic
[09:40] {craigaudio} short BRCM. .49, stop at .65 halflot
[09:42] {craigaudio} what do you think Vad?
[09:42] {Threei} valid play
[09:43] {craigaudio} would be nice to get NQ drop. look at the 60min. could fill gap from 30 march
[09:43] {craigaudio} but not getting carried away
[09:47] {craigaudio} not working. stop to .60
[09:48] {craigaudio} looks like could be bounce. volume coming in
[09:52] {Threei} short .58
[09:52] {Threei} aggressive
[09:52] {craigaudio} BRCM?
[09:52] {Threei} stop is funny, .61
[09:53] {Threei} yeah
[09:53] {craigaudio} my stop is .62
[09:53] {craigaudio} NQ dropping
[09:54] {Threei} ?
[09:54] {DaveG} ??
[09:54] {Threei} where?
[09:54] {magoo} vad, u watching jnpr?still in half?
[09:55] {Threei} no, stop was trailed to .89 way ago
[09:55] {magoo} iok
[09:56] {craigaudio} get down BRCM!!!
[09:57] * Threei slaps LaserDave around a bit with a large trout
[09:57] * magoo slaps DaveG around a bit with a large trout
[09:57] {Threei} wake up and smell dcc
[09:58] * Threei hits BRCM over the head with 2x4
[09:58] {craigaudio} added when you entered Vad kept same stop. if fails only slightly smaller loss but potential for more gain
[09:59] {Threei} NQ is upticking stubbornly
[09:59] {craigaudio} you think a good approach. i sometimes add to a position when it comes close to my stop
[09:59] {Threei} we are trying to swim against the current so far
[09:59] {craigaudio} damn
[09:59] {Threei} stopped
[09:59] {Threei} no, I don't
[09:59] {Threei} we talked about it yesterday
[10:00] {Threei} adding to position that moves against you doesn't make sense to me
[10:00] {DaveG} nq ramping
[10:00] {dino} glw l .80
[10:00] {craigaudio} ok yes
[10:00] {magoo} jnpr close to triggering
[10:01] {craigaudio} well my aapl negated
[10:01] {dptl} tnx Craig....outHOLX...+.48
[10:02] {DaveG} wtg dp
[10:02] {Threei} wow
[10:02] {craigaudio} good work dp
[10:02] {Threei} nice
[10:02] {dino} gj dp
[10:02] {dptl} TY
[10:02] {craigaudio} and what the hell was i doing with BRCM! double drat
[10:03] {craigaudio} triple drat.
[10:03] {patience} very nice dptl
[10:03] {Roman} HSOA Home Solutions subsidiaries Awarded $19 Million in New Contracts (5.79 +0.09)
[10:03] {Roman} Co announces it has been awarded approx $19 mln in new contracts. $11 mln of the work under the contracts is scheduled to be completed in 2007, and was not included in the co's previously announced backlog.
[10:04] {craigaudio} yes the double bottom was a nice pattern. plus the stop wasnt too far away
[10:05] {craigaudio} ENER
[10:07] {Roman} GIGM new high
[10:07] {craigaudio} potential bounce ENER?
[10:07] {Threei} didn't you swear off overly volatile stocks?
[10:08] {craigaudio} thats not that volatile is it?
[10:08] {Threei} ENER can be horrible when it gets hot
[10:08] {Threei} look at the sizzes
[10:08] {craigaudio} being an energy stock and all
[10:09] {DaveG} what size
[10:09] {DaveG} 1
[10:09] {DaveG} lol
[10:09] {craigaudio} hesitated and missed my fill at .59 so skipping now
[10:09] {craigaudio} was gonna give it 10cent stop
[10:10] {Threei} didn't you also swear off going long on downtrending stocks?
[10:10] {craigaudio} not really
[10:10] {Threei} just trying to understand how your trading plan shapes up
[10:11] {craigaudio} after yesterday...i decided not to take bounces on stocks that have bad news and also the NQ is trending down also
[10:12] {craigaudio} not missing all bounces in a market thats currently not downtrend
[10:12] {craigaudio} trading plan needs updating. sorting out as we speak
[10:17] {craigaudio} i cant watch ENER 32.82
[10:19] {dptl} cvtx......................missed
[10:24] {dino} seems i cov. too quicky
[10:24] {dino} cvtl i mean
[10:31] {dptl} dell?
[10:35] {Roman} TASR TASER stun guns get broader trial in UK, Home Office says - Bloomberg (9.15 +0.16) -Update-
[10:39] {craigaudio} ENER through 33
[10:40] {Roman} AMZN
[10:42] {Roman} ..
[10:46] {Roman} long GIGM
[10:46] {Roman} 1/2 size 15.85
[10:48] {magoo} someone slap vad..wake him up please lol
[10:49] {Threei} don't
[10:49] * DaveG slaps magoo around a bit with a large trout
[10:54] {dino} wpte
[10:57] {craigaudio} SEPR
[11:02] {Roman} ESLR high
[11:05] {dino} tecua s .06
[11:06] {craigaudio} tecua must be news
[11:07] {craigaudio} Tecumseh Prods reports Q1 (10.73 *0.03) : Reports Q1 (Mar) loss of $0.91 per share, incl items, may not be comparable to the Reuters Estimates consensus of ($1.49); revenues rose 3.2% year/year to $460.5 mln vs the $453.20 mln consensus.
[11:11] {magoo} vad...jumpin JNPR
[11:11] {Threei} dunno... not sure
[11:12] {Threei} NQ makes new high, JNPR hasn't reached its old one
[11:34] {craigaudio} any opportunties out there guys?
[11:34] {Threei} nothing that I could read with any degree of realiability
[11:34] {dino} nah
[11:35] {craigaudio} k thanks. it good that you have the patience and disapline to sit and wait
[11:36] {dino} two on, but hard stops in, not really moving
[11:36] {DaveG} onxx
[11:36] {dino} ufpi
[11:38] {Threei} what's the alternative craig? trading for the sake of trading?
[11:38] {craigaudio} exactly. there is no alternative
[11:41] {Chaeron} .
[11:41] {magoo} ..
[11:42] {Threei} ...
[11:43] {patience} patience is waiting for a stock to rebound after 2 days of watching profit taking and being down 13K on it.....arghhh....i hate being patient sometimes
[11:43] {DaveG} there she is
[11:43] {patience} head banging day dave
[11:43] {DaveG} yeah, been there
[11:43] {DaveG} what stock
[11:44] {patience} canadian stock on toronto exchange
[11:45] {dino} gl w/it patience
[11:45] {patience} ty, i'm aveaging nicely for the year but is sucks when a downdraft happens
[11:46] {dino} fully understand, was running well until may, then a bit off
[11:47] {dino} amat break of .00, trig short imo
[12:00] {craigaudio} thinking most of the money making plays have gone for the day
[12:01] {craigaudio} amgn short vad?
[12:02] {Threei} .14 if stays under .25
[12:03] {dino} glw stopped -.11
[12:11] {craigaudio} long erts .67 klinger bounce
[12:30] {Threei} aftrenoon is one big yawn
[12:30] {magoo} no kidding..want those hours of my life back
[12:31] {craigaudio} im off now guys
[12:31] {Threei} BMRN is still moving... wow
[12:31] {craigaudio} see you all tomorrow
[12:31] {Threei} take care craig
[12:32] {craigaudio} u too vad
[12:37] {Chaeron} 13500 party hats on?
[12:37] {Threei} just 33 points left
[12:39] {Threei} OK guys, leaving now
[12:39] {DaveG} take care vad
[12:39] {Threei} hopefully will survive another day
[12:39] {Threei} take care, see you tomorrow
[12:40] {magoo} ty vad, hjopefully tomorrow better
[12:40] {Threei} y wasn't bad... just boring swecond half
[12:41] {magoo} only made $300
[12:41] {magoo} and sat for what...? 5 hrs he he
[12:43] {Chaeron} hey... $300 everyday for a month is $6000
[12:44] {magoo} how u know tghat? he he
[12:47] {Chaeron} 22 trading days in a month :)
[12:47] {Chaeron} (give or take)
[12:53] {dino} you are so right chaeron
[12:53] {Chaeron} dino - you and magoo spend that much money on ice for your beer cooler alone in a month.......
[12:53] {Chaeron} you guys are so huge :)
[12:54] {Chaeron} and I mean wealth-wise, not waist-wise
[12:54] {magoo} hell...we drink it warm
[12:54] {dino} oh c'mon. we have a separate beer refridg
[12:54] {Chaeron} lol
[12:56] {DaveG} have a great evening gang
[12:56] {dino} you 2
[12:57] {magoo} u too
[12:59] {dino} cov tecua flat
[13:00] {dptl} good night guys see ya tommorrow
[13:01] {dino} take care all, gotta hop, son's little league game
