Realitytrader TradeLog - May 17, 2007
Session Start: Thu May 17 00:00:00 2007
Session Time: Thu May 17 00:00:00 2007
[05:41] {DaveG} morning
[05:41] {gabby} morning DaveG
[05:41] {Threei} already?
[05:41] {Threei} OK... hi then :)
[05:42] {gabby} morning vad
[05:43] {Threei} gabby :)
[05:49] {Threei} DUSA FDA
[05:49] {Threei} not sure it has much potential
[05:49] {Threei} but worth keeping eye on
[05:51] {_ted123} hi
[05:51] {Threei} ted :)
[05:52] {craigaudio} hey Vad. everyone
[05:52] {Threei} craig :)
[05:53] {magoo} morn RT
[05:53] {Threei} magoo :)
[05:54] {magoo} mdth news?
[05:56] {Threei} don't see any
[05:58] {Roman} MDTH Medcath priced an additional 4 mln share offering at 33.07 - Bloomberg (34.09 )
[05:59] {Roman} MDRX Allscripts initiated with a Strong Buy at Raymond James- tgt $33 (22.88 )
[05:59] {Threei} everybody at NDRX loves raymond
[05:59] {Roman} DUSA +32.5% (receives Orphan Drug Designation for Levulan PDT to treat esophageal dysplasia), CTIC +5.0% (receives FDA special protocol assessment comments on the design of Phase III Trial of Pixantrone), GERN +6.0% (its scientists and collaborators differentiate human embryonic stem cells into insulin-producing islet-like clusters), ISIS +4.0% (announces positive Phase 2 data for ISIS 301012), SUNW +3.9% (announces $3 bln share buyback).
[06:01] {Roman} California high court clears the way for stem cell grants - Mercury News
[06:03] {Roman} (ASTM, STEM, VIAC, GERN)
[06:05] {craigaudio} PDC down on earnings
[06:07] {dino} gm all, brb
[06:08] {craigaudio} AMAT looks like a buy here
[06:10] {Threei} dino :)
[06:12] {dptl} good morning all
[06:12] {Threei} dp :)
[06:14] {esemde} good morning
[06:14] {Threei} esemde :)
[06:17] {esemde} TFSM ..looks like a buyout
[06:18] {esemde} 2k shs up .66 on my screen
[06:19] {esemde} sorry that 2 mill shs..
[06:21] {DaveG} dont think so ese
[06:22] {DaveG} re: buyout
[06:23] {Threei} they have an offer at 11.75
[06:23] {DaveG} oh
[06:23] {Roman} GERN on radar this morning too
[06:23] {Threei} not done deal yet afaik
[06:23] {DaveG} ok
[06:24] {esemde} morning Dave....NEW YORK (AP) - Online advertising company 24/7 Real Media Inc. said Thursday it agreed to be sold to WPP Group PLC, a London communications services conglomerate, in a cash deal valued at $649 million.
[06:24] {esemde} The purchase price of $11.75 per share represents a 30 percent premium over the company's average closing price for the past 60 days, 24/7 said.
[06:25] {Threei} wierd that it trades above the bid
[06:26] {esemde} I was just thinking that
[06:27] {DaveG} thanks for correcting me
[06:27] {gabby} perhaps they assume another bidder comes?
[06:27] {DaveG} gonna head over to my corner now :)
[06:27] {Threei} either that, or there are some conditions in the deal
[06:28] {Threei} that allow for the higher price under cxertain circumstances
[06:28] {esemde} my turn is coming Dave...if it already hasn't
[06:28] {Threei} Dave, you do that, but don't think it's going to save you from being trouted
[06:28] {Threei} we just wait for the moment you least expect
[06:28] {DaveG} :)
[06:29] * magoo slaps DaveG around a bit with a large trout
[06:29] {Threei} lol
[06:29] {Threei} didn't take long
[06:29] {DaveG} nope
[06:30] {Threei} really want pullback on GERN
[06:30] {esemde} sorry Dave didn't mean to get you slimy this morning
[06:30] {Threei} can't forget how many times it looked like total break and failed
[06:30] {DaveG} it's ok ese, i'm used to it
[06:30] {Threei} oh, don't worry, dave manages to get himself into that slime without any help :)
[06:30] {cosmo} DUSA
[06:32] {DaveG} lol
[06:34] {Roman} TSYS long watch
[06:34] {Roman} DNDN
[06:35] {Threei} RMBS two-sided setup on open break,
[06:35] {Threei} range 18.90 - 19.03
[06:35] {Threei} long 19.03 with stop at 18.90 or short .90 with stop 19.03
[06:36] {DaveG} i'll go one way, you go the other
[06:36] {DaveG} we'll meet in the middle
[06:36] {Threei} in the corner you mean?
[06:36] {DaveG} :)
[06:39] {esemde} nvtl
[06:39] {magoo} amzn vad, losing ground
[06:40] {dino} rvbd l .94
[06:40] {Threei} short at .70 break, half lot
[06:40] {Threei} AMZN that is
[06:40] {Threei} if goes above 63, backing away from shorting for now
[06:42] {craigaudio} NQ going for gap fill
[06:43] {Threei} .94 break would taske us there it seems
[06:43] {craigaudio} missed the RMBS short
[06:45] {magoo} DUSA vad...near high
[06:45] {craigaudio} AMZN play invalidated?
[06:45] {Threei} [09:40] {Threei} if goes above 63, backing away from shorting for now
[06:45] {craigaudio} thnks. just confirming :-)
[06:46] {DaveG} nice call rvbd dino
[06:46] {Threei} 4 maybe worth a try magoo, with stop 3.84
[06:46] {Threei} news is rather fluff on it but this kind often just takes a life on its own
[06:46] {magoo} its avail short also vad
[06:47] {Threei} if loses 3.80, becomes rather a bounce play
[06:47] {dino} out rvbd .49, +.55
[06:47] {Threei} a bit early for shorting it probably
[06:47] {magoo} loses .50 may be short play
[06:47] {DaveG} very nice dino, wtg
[06:47] {Threei} let it bounce around couple times and start losing steam
[06:47] {dino} ty
[06:47] {Roman} OVTI strong
[06:47] {esemde} nice job dino
[06:48] {Roman} NEXM interesting
[06:49] {dino} ty
[06:49] {Roman} long NEXM
[06:49] {Roman} 1.68, 1/2
[06:49] {Roman} long TSYS, 1/2
[06:53] {Threei} DUSA 3.75 short if stays under 3.85
[06:53] {esemde} pcln....making a move
[06:55] {magoo} sah dusa
[06:55] {Threei} .86 stop
[06:58] {esemde} long wrnc .65 stop .40
[06:59] {Roman} ONT on radar
[06:59] {craigaudio} which way roman?
[06:59] {Roman} ONT?
[06:59] {craigaudio} yes
[07:00] {Roman} long
[07:00] {craigaudio} ok
[07:01] {craigaudio} over extended daily for me on that one
[07:01] {Roman} yeah, it's just crazy momentum players
[07:01] {craigaudio} yes. crowd fever
[07:02] {Roman} VIAC looks long , but slow in swing
[07:03] {Roman} DNDN continues
[07:04] {Roman} AAPL long setup
[07:04] {Roman} in AAPL
[07:04] {Roman} small
[07:04] {Roman} 108.30
[07:05] {Roman} MBS lon Vad?
[07:05] {Roman} RMBS that is
[07:06] {Threei} I'd refrain
[07:06] {Threei} this NQ move is far from clear
[07:07] {Threei} hard to tell whether it just establishes the range or prepares for a rally
[07:07] {Roman} NVDA setting p long
[07:07] {Roman} off 35
[07:07] {esemde} out wrnc .85
[07:07] {Threei} nice
[07:08] {craigaudio} very
[07:08] {esemde} i think i should have been out on the first run vad....?
[07:09] {Threei} not necessary... really depends on what you aimed for, it's a valid decision in a framework of your trading plan
[07:09] {Threei} not "better or wosre"
[07:11] {esemde} kept the risk reasonably small as well .25 on 600shs
[07:11] {esemde} was approx 1:1 though
[07:12] {esemde} as per your book
[07:13] {Threei} if that was the original idea of the trade and things went as planned, everything's well
[07:13] {craigaudio} NVDA vad?
[07:14] {Threei} if original idea was different, then important question is, what happened to make you change your mind
[07:14] {Threei} [10:07] {Roman} NVDA setting p long
[07:14] {Threei} [10:07] {Roman} off 35
[07:14] {esemde} thanks
[07:15] {craigaudio} agreement all round then :-)
[07:15] {Roman} GERN
[07:15] {esemde} i did feel it was strong enough
[07:16] {craigaudio} NVDA needs to hold .90 though right. the daily looks ready for a measured move
[07:16] {craigaudio} futures reversal long side
[07:17] {Roman} in OVTI long
[07:17] {Roman} 14.50
[07:17] {Roman} stop 14.37
[07:17] {Threei} yeah, under .90 would invalidate the trade for me
[07:17] {craigaudio} cool
[07:17] {magoo} the nvda vad?
[07:17] {Threei} yes
[07:17] {Roman} out 1/2 AAPL +.18
[07:18] {dino} mnst l .10
[07:19] {Roman} solars bouncing
[07:19] {Roman} watching SOLF
[07:19] {craigaudio} nvda invalid
[07:19] {dino} out mnst .47, +.37
[07:19] {Roman} NQ hasn't made up its mind
[07:19] {esemde} CVTX at highs
[07:20] {dino} oopps .48
[07:21] * magoo slaps dino around a bit with a large trout
[07:21] {dino} re: the nq, neither have i, :)
[07:21] {Threei} lol
[07:22] {craigaudio} itmn
[07:22] {Roman} GERN really trying
[07:24] {Roman} i think STEMs are going
[07:24] {Roman} in ASTM & STEM swing
[07:26] {craigaudio} watch collapse on CECO
[07:26] {Roman} out remaining AAPL -.02
[07:26] {dino} ravn, tecua
[07:26] {DaveG} aapl is evil
[07:28] {Threei} AQNT
[07:28] {Threei} .71 long
[07:29] {Threei} .55 stop
[07:30] {craigaudio} will it hold?
[07:32] {craigaudio} AQNT a bit of a whippy ride
[07:32] {magoo} stopped dusa .84
[07:36] {craigaudio} stopped AQNT
[07:36] {Threei} [10:30] {craigaudio} will it hold?
[07:36] {Threei} no
[07:36] {craigaudio} :-(
[07:36] {craigaudio} bugger
[07:37] {craigaudio} AMGN forming bottom?
[07:37] {lklarson} yes
[07:37] {craigaudio} GERN forming cup and handle in 1min chart?
[07:38] {Threei} not really
[07:39] {Threei} so far, expanding range market day
[07:39] {Threei} always losing on such days
[07:39] {craigaudio} doh!
[07:40] {dino} tecua s .00, stop .27
[07:40] {Roman} MPEL short?
[07:41] {Roman} CSUN China Sunergy IPO opens for trading at $12.49 (12.15 +1.15) -Update-
[07:42] {Roman} out 1/2 NEXM +.12
[07:43] {magoo} long trigger 4.11 DUSA..riskt to scalp .48 area
[07:44] {craigaudio} brokers weak today
[07:45] {Roman} sell sell sell
[07:45] {craigaudio} crash helmets on!
[07:46] {Roman} CSUN china IPO
[07:49] {Threei} MEMY 2.51 long, .34 stop
[07:50] {magoo} oh crap.........all day boss
[07:50] {Threei} 2.50 actually if starts melting
[07:50] {Threei} I don't magoo
[07:50] {Threei} fon't play if you don't feel it's your kind
[07:50] {Roman} GERN
[07:51] {Roman} long GERN
[07:52] {Roman} 1/2 8.98
[07:52] {craigaudio} yes like gern through 9
[07:53] {craigaudio} long gern .03 stop at 8.86
[07:53] {magoo} out DUSA .40, + .30
[07:54] {craigaudio} gj guys
[07:54] {dino} nice
[07:54] {magoo} [10:43] {magoo} long trigger 4.11 DUSA..riskt to scalp .48 area
[07:54] {Threei} good one
[07:54] {magoo} i took mem btw : )
[07:54] {DaveG} good one mags
[07:54] {magoo} respect u too much not too
[07:55] {Threei} it's either your kind or not... I won't be horribly offended if you don't like the stock :)
[07:57] {Roman} just added VIAC long swing
[07:57] {Roman} Stems are real this time
[07:57] {Roman} IMO
[07:57] {magoo} yeah, but you will remind me along the way up he he
[07:57] {craigaudio} nice headsup on GERN roman. moving my stop to .95
[07:57] {Threei} or, you will remind me while it's not moving at all {G}
[07:58] {dino} hl s dusa .31, risky\
[07:58] {Roman} also bought some KOOL , they provide equipment for Stem cell companies
[07:58] {magoo} whats "{G}" mean?
[07:58] {Threei} grin
[07:59] {magoo} quit laughing and grinning and tell me sir
[07:59] {Threei} tell what?
[07:59] {cosmo} you want the truth?
[08:00] {magoo} [10:58] {magoo} whats "{G}" mean?
[08:00] {Threei} 10:58] {Threei} grin
[08:00] {magoo} GOTCHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[08:00] {DaveG} oy
[08:00] {Threei} whew
[08:00] {Roman} added OVTI 14.50
[08:00] {craigaudio} worth moving stop on MEMY to .39 vad?
[08:01] {dino} tecua tighten bstop to .06, not moving
[08:01] {Threei} either now or after new high is made... both are valid, craig
[08:01] {Threei} personal choice
[08:01] {craigaudio} ok ive moved mine up
[08:02] {Roman} wow tradestations is out of QQQQ short inventory, someone must have shorted a load
[08:02] {magoo} what to do.................what to do....................
[08:02] {Roman} market probably to pop 1 more time then
[08:03] {magoo} DUSA....48 long trigger to scalp out .71 area...breather...attacks .70 rd duex to get us .94
[08:03] {craigaudio} OVTI nice 60 min chart roman
[08:03] {magoo} RISKY
[08:03] {craigaudio} yes Magoo risky as Dino is plunging it!
[08:04] {dino} ??????????
[08:05] {craigaudio} arent you short DUSA dino?
[08:05] {magoo} also, 3.99 short trigg DUSA to scalp
[08:06] {craigaudio} stopped GERN
[08:06] {dino} yes, indeed i am sir
[08:06] {Roman} GERN just a pullback
[08:06] {dino} magoo is my polar opposit
[08:07] {Roman} SWIR interesting
[08:11] {craigaudio} GERN should have had wider stop might get back in
[08:12] {craigaudio} back in a 9
[08:16] {Roman} still in TSYS long
[08:18] {dino} dusa bstop is .51, in case anyone took it
[08:18] {craigaudio} cant short it otherwise i would have (yes vad its a joke i know)
[08:19] {magoo} u or me vad??
[08:19] {Threei} as long as you know, craig... :)
[08:19] {dino} stopped -.20 hl
[08:19] {craigaudio} JCP nice gap up today and looks like continuation
[08:19] * magoo slaps craigaudio around a bit with a large trout
[08:19] {craigaudio} im working on it Vad. on thing at a time
[08:19] * craigaudio slaps craigaudio around a bit with a large trout
[08:19] {craigaudio} me stupid
[08:21] {Threei} you just like making it hard on yourself :)
[08:21] {craigaudio} tradings just not tough enough ;-)
[08:22] {magoo} quote issues here, what server vad?
[08:22] {Threei} 6
[08:22] {magoo} ty
[08:22] {Threei} looks OK
[08:22] {magoo} i was on 1, 7 and 10
[08:23] {dino} s nxst .17
[08:23] {dino} partial fill
[08:23] {dino} ok
[08:26] {esemde} have a great day everybody
[08:26] {Threei} take care esemde
[08:26] {Threei} magoo... dare I say,
[08:26] {magoo} bye ES :)
[08:26] {craigaudio} bye
[08:26] {Threei} we have new high on MEMY
[08:26] {magoo} no u dare not
[08:26] {Threei} OK, I won't
[08:30] {Threei} nice TSYS Roman
[08:31] {Roman} ty
[08:34] {dino} .
[08:43] {craigaudio} not liking GERN so much now
[08:43] {Threei} JBHT
[08:44] {Threei} worth a try long
[08:44] {Threei} .19 trigger
[08:45] {Threei} scalp most likely
[08:45] {magoo} fast or slow one vad, as in jumper?
[08:45] {Threei} not superfast, but it can move
[08:45] {Threei} stop under 19.10
[08:45] {Threei} 29.10
[08:45] {magoo} pulp can move baby...george costanza
[08:47] {Roman} i think we wend green today & tomorrow, we too many shorts out there
[08:47] {Roman} we = way
[08:50] {Roman} NEXC feels like a short
[08:52] {Threei} sigh
[08:52] {craigaudio} not a good day
[08:56] {dino} too many trades craig
[08:57] {craigaudio} for me? no
[08:57] {dino} i'm wrong then thought you threw alot out
[08:57] {dino} nexc s rfr .52, stop hod
[08:59] {craigaudio} problem with 1:1 is that if you have a bad day. even if the next one is good then your still only even
[08:59] {dino} some days you eat the bear...
[08:59] {Threei} if you have a bad day, you will have it 1;1 or 1:5
[09:00] {craigaudio} not enough days left in this week for me
[09:01] {Threei} as if for the rest of us the amount of days in a week is different? :)
[09:01] {Roman} Philadelphia Fed 4.2 vs 4.0 consensus, prior 0.2
[09:01] {dino} if i may, clear out all. then start over, you have to stay positive, otherwise you're f*cked
[09:01] {craigaudio} yes
[09:01] {craigaudio} im always positive.
[09:02] {Threei} can you believe DUSA
[09:02] {magoo} yes
[09:02] {Roman} CAAS spike
[09:02] {Roman} CAAS news
[09:02] {Roman} RADAR
[09:03] {Roman} CAAS China Automotive Signed Supply Agreement with Volkswagen Joint Venture in China (8.10 +0.24)
[09:03] {Roman} this one can go
[09:03] {Roman} over $9
[09:03] {Roman} decent earnings earlier this week with this news
[09:04] {Roman} i am bidding 8.05 area
[09:07] {Threei} beauty
[09:07] {Threei} out from .23
[09:07] {Threei} thanks Roman
[09:07] {Roman} yo , i am still bidding 8.05
[09:07] {Roman} come back
[09:08] {craigaudio} lol.
[09:09] {craigaudio} DRIV bounce?
[09:09] {Threei} why?
[09:10] {dino} i was at 7.90
[09:10] {Roman} CTDC finding a bid off CAAS
[09:10] {Roman} watching CLWT as well
[09:11] {craigaudio} fall to support. also no bad news: RIV to win incremental large software customers (ADBE, INTU, ADSK and ERTS are all opportunities), which should increase its growth rate.
[09:11] {Threei} wow
[09:11] {Threei} that's a whole lot of totally unconnected things in one sentenbce :)
[09:12] {craigaudio} lol
[09:12] {Roman} MDII high
[09:13] {Threei} you jump to many different things at the samew time, craig
[09:14] {Roman} craig u stil in GERN?
[09:14] {craigaudio} no
[09:14] {craigaudio} are you? what are you thinking for that trade. i didnt like the way it was going
[09:14] {Threei} growth rate, customers on one side... and bounce on intraday basis on another
[09:14] {craigaudio} although i see volume coming in now
[09:15] {Roman} it's a slow mover, maybe too slow for scalping
[09:15] {Threei} have have nothng to do with each toehr
[09:16] {craigaudio} also 15min third higher pivot if holds
[09:16] {Roman} when u have bad day, instead of buying a breakout , u wait and buy pullbacks only, less risk
[09:17] {dino} imo, you try to see too much. my indicators are very basic, ie: less is more
[09:17] {Roman} if CAAS takes $9 and higher, i am watching JRJC another small cap China play
[09:18] {Roman} PTEN looks good
[09:18] {dino} forget reasons why, just watch the tape
[09:19] {Roman} MDII strange, maybe news coming
[09:20] {craigaudio} ADBE
[09:21] {craigaudio} news: Adobe Systems spikes 0.80 to session highs; strength attributed to positive comments at tier-1 firm regarding NPD data (42.55 +0.26) :
[09:22] {Roman} DRYS short setup, small shares
[09:31] {Threei} strong feeling that CAAS is not done
[09:32] {Roman} i am with u still at 8.05
[09:32] {Roman} .....................NOT
[09:32] {Roman} CTCH high
[09:32] {craigaudio} MEMY nearly 1:1
[09:32] {dino} gj
[09:32] {craigaudio} not taken profit yet.
[09:33] {Threei} 1:1
[09:33] {magoo} uh..xcuse me vad..but where exit on u know who?
[09:34] {Threei} I don't ... you are goijg to have to type the symbol :)
[09:34] {magoo} MEMY
[09:34] {Threei} there
[09:34] {Threei} lol
[09:34] {Threei} .65 is 1;1
[09:34] {magoo} ROFLOL
[09:34] {Threei} just got hit there
[09:34] {Roman} HSOA long off 6.10
[09:36] {Roman} Some Israeli tanks have entered N Gaza, according to Palestinian residents - DJ
[09:38] {Roman} ICAD small spike
[09:43] {Roman} DNDN high
[09:43] {Threei} DNDN
[09:43] {Threei} lol
[09:47] {Roman} OMNI
[09:47] {Roman} radar
[09:47] {DaveG} ooommmm
[09:47] {Roman} OMNI OMNI Energy Srvs raises 2007 guidance (10.19 +0.42)
[09:49] {Roman} guidance is strong
[09:50] {dino} nexc bstop tightened to .64, not working
[09:57] {dino} nexc stopped -.12
[10:02] {magoo} mkts losing ground here
[10:06] {craigaudio} im thinking that when the market trend changes overall it begins gradually then picks up when everyone realises whats happening and starts to hit eject?
[10:06] {dino} say it isn't so
[10:06] {craigaudio} is that right?
[10:06] {dino} to magoo
[10:07] {craigaudio} (my questions to anyone)
[10:08] {dino} dk, not really thinking about it
[10:08] {dino} right now we are in a bull, i'm dealing w/that
[10:09] {craigaudio} just wondering from prior experience what happens
[10:09] {magoo} u are fulla bull dino...i dealing with that
[10:09] {dino} lol. but seriously nobody knows. the bull may go on all year or end today
[10:11] {Threei} it can happen in different ways craig
[10:11] {Threei} what you described is one of them
[10:12] {Threei} sharp spike on a huge volume can mark the trend change just as well
[10:12] {craigaudio} ok. just wondered
[10:13] {dino} as they say in "trading in the zone"; "anything can happen" best 3 words you can learn
[10:13] {Threei} my inclinations are with dino on this matter
[10:13] {Threei} there is no need for a trader to overthink this kind of things
[10:13] {dino} and therefore, nothing i believe matters
[10:13] {craigaudio} oh im not trying to predict at all. it was just a thought on what actually happens when the trend and sentiment changes
[10:14] {Threei} analysis of this kind do nothing but create a feeling that you get some deep market secrets
[10:14] {Threei} which in turn creates false feeling of security
[10:14] {Threei} and tends to get you in troubles
[10:15] {Threei} trading is different animal by its nature
[10:15] {dino} craig, you know what really helped me? i turned the volume off of cnbc and put on the music.
[10:15] {Threei} recognize familiar scenraio for which you have standard response
[10:15] {Threei} respond
[10:15] {Threei} and let market do its thing
[10:15] {Threei} proving you right or wrong
[10:15] {Threei} in both cases you have standadr responses too
[10:16] {Threei} you can't even imagine how liberating and effective this approach is until you master it
[10:16] {Threei} then you start understanding how much stress analysis putr on you
[10:16] {craigaudio} i dont have CNBC. although id like to see cramers program everyone goes on about... and i have chilled out tunes on all day :-)
[10:17] {Threei} there is a good reason why analysts don't make good traders usually
[10:17] {Threei} no matter how brilliant they are
[10:17] {dino} good. now in big letters, tape this to your computer screen to make you keep stops: "BEING POOR SUCKS, STAYING POOR IS STUPID".
[10:18] {dino} somx
[10:18] {craigaudio} lol
[10:18] {dino} it's on my screen, ask magoo
[10:21] {magoo} huh?
[10:22] {Threei} lol
[10:23] {dino} synl blood
[10:27] {Threei} be back in 15
[10:44] {Threei} GERN is still moving
[10:45] {craigaudio} for gods sake why did i dump it
[10:45] {magoo} 17 minutes vad
[10:45] {Threei} 15
[10:45] {DaveG} 14
[10:45] {Threei} sopent 2 minutes looking at the scanner
[10:45] {Threei} did it hit your stop craig?
[10:47] {craigaudio} first time yes
[10:48] {Threei} so what's wrong with dumping it
[10:48] {dino} tecua stopped -.07
[10:48] {craigaudio} got back in and second time i had a bad feeling about so dumped it at small loss
[10:49] {DaveG} gonna take off some, need to open a local bank account and buy a mattress for my new place, y'all have a great day
[10:49] {DaveG} some=soon
[10:49] {craigaudio} which is the reason for the rally
[10:49] {craigaudio} bye dave
[10:50] {dino} lol dave, floor gettting hard
[10:50] {DaveG} i move in saturday :)
[10:50] {Threei} ,DaveG} floor itself would be fine, but those nails sticking out...
[10:50] {DaveG} :)
[10:51] {dino} l rvbd .71
[10:52] {dino} hl l de .30
[10:57] {dptl} tnx Dino......out +.15
[10:58] {dino} rvbd stop to .91
[10:59] {magoo} f@ckin dino
[10:59] {dino} out rvbd +.21
[10:59] {dino} geeze
[11:00] {dino} np dp
[11:10] {dino} rvbd l .99
[11:12] {Roman} any read on CPWR long?
[11:12] {Roman} i don't trust it personally
[11:12] {Threei} daily is too wierd
[11:14] {Roman} ONT long setup
[11:15] {Roman} OMNI looks better
[11:15] {Roman} in OMNI long
[11:17] {craigaudio} nice 15min bull flag on OMNI
[11:19] {magoo} mkt rocking back
[11:20] {craigaudio} range bound day
[11:22] {craigaudio} aapl
[11:23] {craigaudio} Apple iPhone Gets FCC Nod - mobilewhack.com (107.83 +0.49) -Update : Mobilewhack.com is reporting that the Apple iPhone has been approved by the FCC.
[11:25] {craigaudio} wow aapl mania
[11:27] {craigaudio} thanks for OMNI heads roman
[11:27] {Roman} don't thank you until u sell and make $$
[11:27] {Roman} don't thank me
[11:27] {craigaudio} i have 1:1 scalp
[11:29] {Roman} way too many shorts out there, the boyz probably want to clear them out
[11:30] {Roman} market higher, new high NQ by Memorial day .... IMO
[11:30] {Threei} CAAS is long here with stop under .20
[11:33] {dino} out de .59, +.29
[11:37] {Roman} Vad, this guy on CNBC has your accent
[11:37] {Roman} check it out
[11:37] {Threei} is he good looking?
[11:38] {Roman} not really
[11:38] {dptl} lol
[11:38] {Threei} that's me then
[11:40] {Roman} out 1/2 OMNI +.22
[11:40] {Threei} nice one
[11:40] {dino} watching E!
[11:41] {dino} line umpy
[11:42] {craigaudio} nice roman
[11:44] {Roman} waiting for another spike OMNI
[11:49] {dino} outrvbd .16, +.17
[11:51] {Roman} OSIR super thin
[11:51] {Roman} maybe going over $14
[11:51] {Roman} only 1 hour to go
[11:54] {Roman} CRUS Cirrus Logic: Director buys 136K shares at $7.29-$7.31 (7.25 -0.08) -Update-
[12:09] {Roman} ANPI spike
[12:12] {Chaeron} .
[12:13] {Roman} out 1/2 OVTI +.23
[12:14] {dino} gj
[12:16] {Threei} hitting them well today Romasn
[12:16] {Threei} (unlike me)
[12:16] {craigaudio} aapl blew through 109
[12:16] {Roman} out remaining OMNI +.44
[12:18] {Roman} getting ready to sell NEXM on next spike
[12:19] {Threei} OK guys, left for my next appointment... you are better off with Roman today anyway :)
[12:19] {Threei} see you tomorrow
[12:19] {Roman} good luck Vad
[12:19] {Roman} see u
[12:20] {craigaudio} good luck vad
[12:20] {magoo} good luck vad
[12:20] {lklarson} good luck Vad
[12:21] {Roman} PALM spike
[12:21] {dino} gl vadster
[12:24] {craigaudio} out CAAS
[12:28] {craigaudio} going long if palm breaks .62
[12:38] {Roman} Fox News reports terminal evacuated at Los Angeles Airport - Reuters
[12:45] {Roman} GERN
[12:45] {Roman} trying to break that 9.50
[12:46] {Roman} 15 min to go , too late now
[12:46] {craigaudio} god do i wish i hadnt canned it
[12:46] {magoo} ah rfr...nes tell u ..some of best runs into bell
[12:47] {craigaudio} its broke it
[12:47] {craigaudio} (craig throws up all over his monitor)
[12:47] {craigaudio} whats happened to Nesi these days? he was in the room awhile ago
[12:49] {dino} lol craig, throws up
[12:50] {craigaudio} im just sic after giving up on GERN. on a day like today that kind of move was neccessary
[12:50] {dino} risky, hl s de .74
[12:50] {craigaudio} perfect setup for sods law to occur. picture perfect
[12:51] {dino} its all greek to me
[12:56] {craigaudio} stopped PALM
[13:00] {dptl} good day all ' bye
[13:00] {dino} cov de .57, +.18
[13:00] {craigaudio} bye dino
[13:00] {lklarson} good night all
[13:00] {magoo} bye craig
[13:00] {magoo} c u ik
[13:00] {magoo} dp
[13:00] {craigaudio} bye magoo
[13:02] {dino} later craig
[13:02] {dino} gonna grab a brew, good day overall
[13:04] {dino} take care allo
[13:05] {craigaudio} bye everyone
Session Time: Thu May 17 00:00:00 2007
[05:41] {DaveG} morning
[05:41] {gabby} morning DaveG
[05:41] {Threei} already?
[05:41] {Threei} OK... hi then :)
[05:42] {gabby} morning vad
[05:43] {Threei} gabby :)
[05:49] {Threei} DUSA FDA
[05:49] {Threei} not sure it has much potential
[05:49] {Threei} but worth keeping eye on
[05:51] {_ted123} hi
[05:51] {Threei} ted :)
[05:52] {craigaudio} hey Vad. everyone
[05:52] {Threei} craig :)
[05:53] {magoo} morn RT
[05:53] {Threei} magoo :)
[05:54] {magoo} mdth news?
[05:56] {Threei} don't see any
[05:58] {Roman} MDTH Medcath priced an additional 4 mln share offering at 33.07 - Bloomberg (34.09 )
[05:59] {Roman} MDRX Allscripts initiated with a Strong Buy at Raymond James- tgt $33 (22.88 )
[05:59] {Threei} everybody at NDRX loves raymond
[05:59] {Roman} DUSA +32.5% (receives Orphan Drug Designation for Levulan PDT to treat esophageal dysplasia), CTIC +5.0% (receives FDA special protocol assessment comments on the design of Phase III Trial of Pixantrone), GERN +6.0% (its scientists and collaborators differentiate human embryonic stem cells into insulin-producing islet-like clusters), ISIS +4.0% (announces positive Phase 2 data for ISIS 301012), SUNW +3.9% (announces $3 bln share buyback).
[06:01] {Roman} California high court clears the way for stem cell grants - Mercury News
[06:03] {Roman} (ASTM, STEM, VIAC, GERN)
[06:05] {craigaudio} PDC down on earnings
[06:07] {dino} gm all, brb
[06:08] {craigaudio} AMAT looks like a buy here
[06:10] {Threei} dino :)
[06:12] {dptl} good morning all
[06:12] {Threei} dp :)
[06:14] {esemde} good morning
[06:14] {Threei} esemde :)
[06:17] {esemde} TFSM ..looks like a buyout
[06:18] {esemde} 2k shs up .66 on my screen
[06:19] {esemde} sorry that 2 mill shs..
[06:21] {DaveG} dont think so ese
[06:22] {DaveG} re: buyout
[06:23] {Threei} they have an offer at 11.75
[06:23] {DaveG} oh
[06:23] {Roman} GERN on radar this morning too
[06:23] {Threei} not done deal yet afaik
[06:23] {DaveG} ok
[06:24] {esemde} morning Dave....NEW YORK (AP) - Online advertising company 24/7 Real Media Inc. said Thursday it agreed to be sold to WPP Group PLC, a London communications services conglomerate, in a cash deal valued at $649 million.
[06:24] {esemde} The purchase price of $11.75 per share represents a 30 percent premium over the company's average closing price for the past 60 days, 24/7 said.
[06:25] {Threei} wierd that it trades above the bid
[06:26] {esemde} I was just thinking that
[06:27] {DaveG} thanks for correcting me
[06:27] {gabby} perhaps they assume another bidder comes?
[06:27] {DaveG} gonna head over to my corner now :)
[06:27] {Threei} either that, or there are some conditions in the deal
[06:28] {Threei} that allow for the higher price under cxertain circumstances
[06:28] {esemde} my turn is coming Dave...if it already hasn't
[06:28] {Threei} Dave, you do that, but don't think it's going to save you from being trouted
[06:28] {Threei} we just wait for the moment you least expect
[06:28] {DaveG} :)
[06:29] * magoo slaps DaveG around a bit with a large trout
[06:29] {Threei} lol
[06:29] {Threei} didn't take long
[06:29] {DaveG} nope
[06:30] {Threei} really want pullback on GERN
[06:30] {esemde} sorry Dave didn't mean to get you slimy this morning
[06:30] {Threei} can't forget how many times it looked like total break and failed
[06:30] {DaveG} it's ok ese, i'm used to it
[06:30] {Threei} oh, don't worry, dave manages to get himself into that slime without any help :)
[06:30] {cosmo} DUSA
[06:32] {DaveG} lol
[06:34] {Roman} TSYS long watch
[06:34] {Roman} DNDN
[06:35] {Threei} RMBS two-sided setup on open break,
[06:35] {Threei} range 18.90 - 19.03
[06:35] {Threei} long 19.03 with stop at 18.90 or short .90 with stop 19.03
[06:36] {DaveG} i'll go one way, you go the other
[06:36] {DaveG} we'll meet in the middle
[06:36] {Threei} in the corner you mean?
[06:36] {DaveG} :)
[06:39] {esemde} nvtl
[06:39] {magoo} amzn vad, losing ground
[06:40] {dino} rvbd l .94
[06:40] {Threei} short at .70 break, half lot
[06:40] {Threei} AMZN that is
[06:40] {Threei} if goes above 63, backing away from shorting for now
[06:42] {craigaudio} NQ going for gap fill
[06:43] {Threei} .94 break would taske us there it seems
[06:43] {craigaudio} missed the RMBS short
[06:45] {magoo} DUSA vad...near high
[06:45] {craigaudio} AMZN play invalidated?
[06:45] {Threei} [09:40] {Threei} if goes above 63, backing away from shorting for now
[06:45] {craigaudio} thnks. just confirming :-)
[06:46] {DaveG} nice call rvbd dino
[06:46] {Threei} 4 maybe worth a try magoo, with stop 3.84
[06:46] {Threei} news is rather fluff on it but this kind often just takes a life on its own
[06:46] {magoo} its avail short also vad
[06:47] {Threei} if loses 3.80, becomes rather a bounce play
[06:47] {dino} out rvbd .49, +.55
[06:47] {Threei} a bit early for shorting it probably
[06:47] {magoo} loses .50 may be short play
[06:47] {DaveG} very nice dino, wtg
[06:47] {Threei} let it bounce around couple times and start losing steam
[06:47] {dino} ty
[06:47] {Roman} OVTI strong
[06:47] {esemde} nice job dino
[06:48] {Roman} NEXM interesting
[06:49] {dino} ty
[06:49] {Roman} long NEXM
[06:49] {Roman} 1.68, 1/2
[06:49] {Roman} long TSYS, 1/2
[06:53] {Threei} DUSA 3.75 short if stays under 3.85
[06:53] {esemde} pcln....making a move
[06:55] {magoo} sah dusa
[06:55] {Threei} .86 stop
[06:58] {esemde} long wrnc .65 stop .40
[06:59] {Roman} ONT on radar
[06:59] {craigaudio} which way roman?
[06:59] {Roman} ONT?
[06:59] {craigaudio} yes
[07:00] {Roman} long
[07:00] {craigaudio} ok
[07:01] {craigaudio} over extended daily for me on that one
[07:01] {Roman} yeah, it's just crazy momentum players
[07:01] {craigaudio} yes. crowd fever
[07:02] {Roman} VIAC looks long , but slow in swing
[07:03] {Roman} DNDN continues
[07:04] {Roman} AAPL long setup
[07:04] {Roman} in AAPL
[07:04] {Roman} small
[07:04] {Roman} 108.30
[07:05] {Roman} MBS lon Vad?
[07:05] {Roman} RMBS that is
[07:06] {Threei} I'd refrain
[07:06] {Threei} this NQ move is far from clear
[07:07] {Threei} hard to tell whether it just establishes the range or prepares for a rally
[07:07] {Roman} NVDA setting p long
[07:07] {Roman} off 35
[07:07] {esemde} out wrnc .85
[07:07] {Threei} nice
[07:08] {craigaudio} very
[07:08] {esemde} i think i should have been out on the first run vad....?
[07:09] {Threei} not necessary... really depends on what you aimed for, it's a valid decision in a framework of your trading plan
[07:09] {Threei} not "better or wosre"
[07:11] {esemde} kept the risk reasonably small as well .25 on 600shs
[07:11] {esemde} was approx 1:1 though
[07:12] {esemde} as per your book
[07:13] {Threei} if that was the original idea of the trade and things went as planned, everything's well
[07:13] {craigaudio} NVDA vad?
[07:14] {Threei} if original idea was different, then important question is, what happened to make you change your mind
[07:14] {Threei} [10:07] {Roman} NVDA setting p long
[07:14] {Threei} [10:07] {Roman} off 35
[07:14] {esemde} thanks
[07:15] {craigaudio} agreement all round then :-)
[07:15] {Roman} GERN
[07:15] {esemde} i did feel it was strong enough
[07:16] {craigaudio} NVDA needs to hold .90 though right. the daily looks ready for a measured move
[07:16] {craigaudio} futures reversal long side
[07:17] {Roman} in OVTI long
[07:17] {Roman} 14.50
[07:17] {Roman} stop 14.37
[07:17] {Threei} yeah, under .90 would invalidate the trade for me
[07:17] {craigaudio} cool
[07:17] {magoo} the nvda vad?
[07:17] {Threei} yes
[07:17] {Roman} out 1/2 AAPL +.18
[07:18] {dino} mnst l .10
[07:19] {Roman} solars bouncing
[07:19] {Roman} watching SOLF
[07:19] {craigaudio} nvda invalid
[07:19] {dino} out mnst .47, +.37
[07:19] {Roman} NQ hasn't made up its mind
[07:19] {esemde} CVTX at highs
[07:20] {dino} oopps .48
[07:21] * magoo slaps dino around a bit with a large trout
[07:21] {dino} re: the nq, neither have i, :)
[07:21] {Threei} lol
[07:22] {craigaudio} itmn
[07:22] {Roman} GERN really trying
[07:24] {Roman} i think STEMs are going
[07:24] {Roman} in ASTM & STEM swing
[07:26] {craigaudio} watch collapse on CECO
[07:26] {Roman} out remaining AAPL -.02
[07:26] {dino} ravn, tecua
[07:26] {DaveG} aapl is evil
[07:28] {Threei} AQNT
[07:28] {Threei} .71 long
[07:29] {Threei} .55 stop
[07:30] {craigaudio} will it hold?
[07:32] {craigaudio} AQNT a bit of a whippy ride
[07:32] {magoo} stopped dusa .84
[07:36] {craigaudio} stopped AQNT
[07:36] {Threei} [10:30] {craigaudio} will it hold?
[07:36] {Threei} no
[07:36] {craigaudio} :-(
[07:36] {craigaudio} bugger
[07:37] {craigaudio} AMGN forming bottom?
[07:37] {lklarson} yes
[07:37] {craigaudio} GERN forming cup and handle in 1min chart?
[07:38] {Threei} not really
[07:39] {Threei} so far, expanding range market day
[07:39] {Threei} always losing on such days
[07:39] {craigaudio} doh!
[07:40] {dino} tecua s .00, stop .27
[07:40] {Roman} MPEL short?
[07:41] {Roman} CSUN China Sunergy IPO opens for trading at $12.49 (12.15 +1.15) -Update-
[07:42] {Roman} out 1/2 NEXM +.12
[07:43] {magoo} long trigger 4.11 DUSA..riskt to scalp .48 area
[07:44] {craigaudio} brokers weak today
[07:45] {Roman} sell sell sell
[07:45] {craigaudio} crash helmets on!
[07:46] {Roman} CSUN china IPO
[07:49] {Threei} MEMY 2.51 long, .34 stop
[07:50] {magoo} oh crap.........all day boss
[07:50] {Threei} 2.50 actually if starts melting
[07:50] {Threei} I don't magoo
[07:50] {Threei} fon't play if you don't feel it's your kind
[07:50] {Roman} GERN
[07:51] {Roman} long GERN
[07:52] {Roman} 1/2 8.98
[07:52] {craigaudio} yes like gern through 9
[07:53] {craigaudio} long gern .03 stop at 8.86
[07:53] {magoo} out DUSA .40, + .30
[07:54] {craigaudio} gj guys
[07:54] {dino} nice
[07:54] {magoo} [10:43] {magoo} long trigger 4.11 DUSA..riskt to scalp .48 area
[07:54] {Threei} good one
[07:54] {magoo} i took mem btw : )
[07:54] {DaveG} good one mags
[07:54] {magoo} respect u too much not too
[07:55] {Threei} it's either your kind or not... I won't be horribly offended if you don't like the stock :)
[07:57] {Roman} just added VIAC long swing
[07:57] {Roman} Stems are real this time
[07:57] {Roman} IMO
[07:57] {magoo} yeah, but you will remind me along the way up he he
[07:57] {craigaudio} nice headsup on GERN roman. moving my stop to .95
[07:57] {Threei} or, you will remind me while it's not moving at all {G}
[07:58] {dino} hl s dusa .31, risky\
[07:58] {Roman} also bought some KOOL , they provide equipment for Stem cell companies
[07:58] {magoo} whats "{G}" mean?
[07:58] {Threei} grin
[07:59] {magoo} quit laughing and grinning and tell me sir
[07:59] {Threei} tell what?
[07:59] {cosmo} you want the truth?
[08:00] {magoo} [10:58] {magoo} whats "{G}" mean?
[08:00] {Threei} 10:58] {Threei} grin
[08:00] {magoo} GOTCHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[08:00] {DaveG} oy
[08:00] {Threei} whew
[08:00] {Roman} added OVTI 14.50
[08:00] {craigaudio} worth moving stop on MEMY to .39 vad?
[08:01] {dino} tecua tighten bstop to .06, not moving
[08:01] {Threei} either now or after new high is made... both are valid, craig
[08:01] {Threei} personal choice
[08:01] {craigaudio} ok ive moved mine up
[08:02] {Roman} wow tradestations is out of QQQQ short inventory, someone must have shorted a load
[08:02] {magoo} what to do.................what to do....................
[08:02] {Roman} market probably to pop 1 more time then
[08:03] {magoo} DUSA....48 long trigger to scalp out .71 area...breather...attacks .70 rd duex to get us .94
[08:03] {craigaudio} OVTI nice 60 min chart roman
[08:03] {magoo} RISKY
[08:03] {craigaudio} yes Magoo risky as Dino is plunging it!
[08:04] {dino} ??????????
[08:05] {craigaudio} arent you short DUSA dino?
[08:05] {magoo} also, 3.99 short trigg DUSA to scalp
[08:06] {craigaudio} stopped GERN
[08:06] {dino} yes, indeed i am sir
[08:06] {Roman} GERN just a pullback
[08:06] {dino} magoo is my polar opposit
[08:07] {Roman} SWIR interesting
[08:11] {craigaudio} GERN should have had wider stop might get back in
[08:12] {craigaudio} back in a 9
[08:16] {Roman} still in TSYS long
[08:18] {dino} dusa bstop is .51, in case anyone took it
[08:18] {craigaudio} cant short it otherwise i would have (yes vad its a joke i know)
[08:19] {magoo} u or me vad??
[08:19] {Threei} as long as you know, craig... :)
[08:19] {dino} stopped -.20 hl
[08:19] {craigaudio} JCP nice gap up today and looks like continuation
[08:19] * magoo slaps craigaudio around a bit with a large trout
[08:19] {craigaudio} im working on it Vad. on thing at a time
[08:19] * craigaudio slaps craigaudio around a bit with a large trout
[08:19] {craigaudio} me stupid
[08:21] {Threei} you just like making it hard on yourself :)
[08:21] {craigaudio} tradings just not tough enough ;-)
[08:22] {magoo} quote issues here, what server vad?
[08:22] {Threei} 6
[08:22] {magoo} ty
[08:22] {Threei} looks OK
[08:22] {magoo} i was on 1, 7 and 10
[08:23] {dino} s nxst .17
[08:23] {dino} partial fill
[08:23] {dino} ok
[08:26] {esemde} have a great day everybody
[08:26] {Threei} take care esemde
[08:26] {Threei} magoo... dare I say,
[08:26] {magoo} bye ES :)
[08:26] {craigaudio} bye
[08:26] {Threei} we have new high on MEMY
[08:26] {magoo} no u dare not
[08:26] {Threei} OK, I won't
[08:30] {Threei} nice TSYS Roman
[08:31] {Roman} ty
[08:34] {dino} .
[08:43] {craigaudio} not liking GERN so much now
[08:43] {Threei} JBHT
[08:44] {Threei} worth a try long
[08:44] {Threei} .19 trigger
[08:45] {Threei} scalp most likely
[08:45] {magoo} fast or slow one vad, as in jumper?
[08:45] {Threei} not superfast, but it can move
[08:45] {Threei} stop under 19.10
[08:45] {Threei} 29.10
[08:45] {magoo} pulp can move baby...george costanza
[08:47] {Roman} i think we wend green today & tomorrow, we too many shorts out there
[08:47] {Roman} we = way
[08:50] {Roman} NEXC feels like a short
[08:52] {Threei} sigh
[08:52] {craigaudio} not a good day
[08:56] {dino} too many trades craig
[08:57] {craigaudio} for me? no
[08:57] {dino} i'm wrong then thought you threw alot out
[08:57] {dino} nexc s rfr .52, stop hod
[08:59] {craigaudio} problem with 1:1 is that if you have a bad day. even if the next one is good then your still only even
[08:59] {dino} some days you eat the bear...
[08:59] {Threei} if you have a bad day, you will have it 1;1 or 1:5
[09:00] {craigaudio} not enough days left in this week for me
[09:01] {Threei} as if for the rest of us the amount of days in a week is different? :)
[09:01] {Roman} Philadelphia Fed 4.2 vs 4.0 consensus, prior 0.2
[09:01] {dino} if i may, clear out all. then start over, you have to stay positive, otherwise you're f*cked
[09:01] {craigaudio} yes
[09:01] {craigaudio} im always positive.
[09:02] {Threei} can you believe DUSA
[09:02] {magoo} yes
[09:02] {Roman} CAAS spike
[09:02] {Roman} CAAS news
[09:02] {Roman} RADAR
[09:03] {Roman} CAAS China Automotive Signed Supply Agreement with Volkswagen Joint Venture in China (8.10 +0.24)
[09:03] {Roman} this one can go
[09:03] {Roman} over $9
[09:03] {Roman} decent earnings earlier this week with this news
[09:04] {Roman} i am bidding 8.05 area
[09:07] {Threei} beauty
[09:07] {Threei} out from .23
[09:07] {Threei} thanks Roman
[09:07] {Roman} yo , i am still bidding 8.05
[09:07] {Roman} come back
[09:08] {craigaudio} lol.
[09:09] {craigaudio} DRIV bounce?
[09:09] {Threei} why?
[09:10] {dino} i was at 7.90
[09:10] {Roman} CTDC finding a bid off CAAS
[09:10] {Roman} watching CLWT as well
[09:11] {craigaudio} fall to support. also no bad news: RIV to win incremental large software customers (ADBE, INTU, ADSK and ERTS are all opportunities), which should increase its growth rate.
[09:11] {Threei} wow
[09:11] {Threei} that's a whole lot of totally unconnected things in one sentenbce :)
[09:12] {craigaudio} lol
[09:12] {Roman} MDII high
[09:13] {Threei} you jump to many different things at the samew time, craig
[09:14] {Roman} craig u stil in GERN?
[09:14] {craigaudio} no
[09:14] {craigaudio} are you? what are you thinking for that trade. i didnt like the way it was going
[09:14] {Threei} growth rate, customers on one side... and bounce on intraday basis on another
[09:14] {craigaudio} although i see volume coming in now
[09:15] {Roman} it's a slow mover, maybe too slow for scalping
[09:15] {Threei} have have nothng to do with each toehr
[09:16] {craigaudio} also 15min third higher pivot if holds
[09:16] {Roman} when u have bad day, instead of buying a breakout , u wait and buy pullbacks only, less risk
[09:17] {dino} imo, you try to see too much. my indicators are very basic, ie: less is more
[09:17] {Roman} if CAAS takes $9 and higher, i am watching JRJC another small cap China play
[09:18] {Roman} PTEN looks good
[09:18] {dino} forget reasons why, just watch the tape
[09:19] {Roman} MDII strange, maybe news coming
[09:20] {craigaudio} ADBE
[09:21] {craigaudio} news: Adobe Systems spikes 0.80 to session highs; strength attributed to positive comments at tier-1 firm regarding NPD data (42.55 +0.26) :
[09:22] {Roman} DRYS short setup, small shares
[09:31] {Threei} strong feeling that CAAS is not done
[09:32] {Roman} i am with u still at 8.05
[09:32] {Roman} .....................NOT
[09:32] {Roman} CTCH high
[09:32] {craigaudio} MEMY nearly 1:1
[09:32] {dino} gj
[09:32] {craigaudio} not taken profit yet.
[09:33] {Threei} 1:1
[09:33] {magoo} uh..xcuse me vad..but where exit on u know who?
[09:34] {Threei} I don't ... you are goijg to have to type the symbol :)
[09:34] {magoo} MEMY
[09:34] {Threei} there
[09:34] {Threei} lol
[09:34] {Threei} .65 is 1;1
[09:34] {magoo} ROFLOL
[09:34] {Threei} just got hit there
[09:34] {Roman} HSOA long off 6.10
[09:36] {Roman} Some Israeli tanks have entered N Gaza, according to Palestinian residents - DJ
[09:38] {Roman} ICAD small spike
[09:43] {Roman} DNDN high
[09:43] {Threei} DNDN
[09:43] {Threei} lol
[09:47] {Roman} OMNI
[09:47] {Roman} radar
[09:47] {DaveG} ooommmm
[09:47] {Roman} OMNI OMNI Energy Srvs raises 2007 guidance (10.19 +0.42)
[09:49] {Roman} guidance is strong
[09:50] {dino} nexc bstop tightened to .64, not working
[09:57] {dino} nexc stopped -.12
[10:02] {magoo} mkts losing ground here
[10:06] {craigaudio} im thinking that when the market trend changes overall it begins gradually then picks up when everyone realises whats happening and starts to hit eject?
[10:06] {dino} say it isn't so
[10:06] {craigaudio} is that right?
[10:06] {dino} to magoo
[10:07] {craigaudio} (my questions to anyone)
[10:08] {dino} dk, not really thinking about it
[10:08] {dino} right now we are in a bull, i'm dealing w/that
[10:09] {craigaudio} just wondering from prior experience what happens
[10:09] {magoo} u are fulla bull dino...i dealing with that
[10:09] {dino} lol. but seriously nobody knows. the bull may go on all year or end today
[10:11] {Threei} it can happen in different ways craig
[10:11] {Threei} what you described is one of them
[10:12] {Threei} sharp spike on a huge volume can mark the trend change just as well
[10:12] {craigaudio} ok. just wondered
[10:13] {dino} as they say in "trading in the zone"; "anything can happen" best 3 words you can learn
[10:13] {Threei} my inclinations are with dino on this matter
[10:13] {Threei} there is no need for a trader to overthink this kind of things
[10:13] {dino} and therefore, nothing i believe matters
[10:13] {craigaudio} oh im not trying to predict at all. it was just a thought on what actually happens when the trend and sentiment changes
[10:14] {Threei} analysis of this kind do nothing but create a feeling that you get some deep market secrets
[10:14] {Threei} which in turn creates false feeling of security
[10:14] {Threei} and tends to get you in troubles
[10:15] {Threei} trading is different animal by its nature
[10:15] {dino} craig, you know what really helped me? i turned the volume off of cnbc and put on the music.
[10:15] {Threei} recognize familiar scenraio for which you have standard response
[10:15] {Threei} respond
[10:15] {Threei} and let market do its thing
[10:15] {Threei} proving you right or wrong
[10:15] {Threei} in both cases you have standadr responses too
[10:16] {Threei} you can't even imagine how liberating and effective this approach is until you master it
[10:16] {Threei} then you start understanding how much stress analysis putr on you
[10:16] {craigaudio} i dont have CNBC. although id like to see cramers program everyone goes on about... and i have chilled out tunes on all day :-)
[10:17] {Threei} there is a good reason why analysts don't make good traders usually
[10:17] {Threei} no matter how brilliant they are
[10:17] {dino} good. now in big letters, tape this to your computer screen to make you keep stops: "BEING POOR SUCKS, STAYING POOR IS STUPID".
[10:18] {dino} somx
[10:18] {craigaudio} lol
[10:18] {dino} it's on my screen, ask magoo
[10:21] {magoo} huh?
[10:22] {Threei} lol
[10:23] {dino} synl blood
[10:27] {Threei} be back in 15
[10:44] {Threei} GERN is still moving
[10:45] {craigaudio} for gods sake why did i dump it
[10:45] {magoo} 17 minutes vad
[10:45] {Threei} 15
[10:45] {DaveG} 14
[10:45] {Threei} sopent 2 minutes looking at the scanner
[10:45] {Threei} did it hit your stop craig?
[10:47] {craigaudio} first time yes
[10:48] {Threei} so what's wrong with dumping it
[10:48] {dino} tecua stopped -.07
[10:48] {craigaudio} got back in and second time i had a bad feeling about so dumped it at small loss
[10:49] {DaveG} gonna take off some, need to open a local bank account and buy a mattress for my new place, y'all have a great day
[10:49] {DaveG} some=soon
[10:49] {craigaudio} which is the reason for the rally
[10:49] {craigaudio} bye dave
[10:50] {dino} lol dave, floor gettting hard
[10:50] {DaveG} i move in saturday :)
[10:50] {Threei} ,DaveG} floor itself would be fine, but those nails sticking out...
[10:50] {DaveG} :)
[10:51] {dino} l rvbd .71
[10:52] {dino} hl l de .30
[10:57] {dptl} tnx Dino......out +.15
[10:58] {dino} rvbd stop to .91
[10:59] {magoo} f@ckin dino
[10:59] {dino} out rvbd +.21
[10:59] {dino} geeze
[11:00] {dino} np dp
[11:10] {dino} rvbd l .99
[11:12] {Roman} any read on CPWR long?
[11:12] {Roman} i don't trust it personally
[11:12] {Threei} daily is too wierd
[11:14] {Roman} ONT long setup
[11:15] {Roman} OMNI looks better
[11:15] {Roman} in OMNI long
[11:17] {craigaudio} nice 15min bull flag on OMNI
[11:19] {magoo} mkt rocking back
[11:20] {craigaudio} range bound day
[11:22] {craigaudio} aapl
[11:23] {craigaudio} Apple iPhone Gets FCC Nod - mobilewhack.com (107.83 +0.49) -Update : Mobilewhack.com is reporting that the Apple iPhone has been approved by the FCC.
[11:25] {craigaudio} wow aapl mania
[11:27] {craigaudio} thanks for OMNI heads roman
[11:27] {Roman} don't thank you until u sell and make $$
[11:27] {Roman} don't thank me
[11:27] {craigaudio} i have 1:1 scalp
[11:29] {Roman} way too many shorts out there, the boyz probably want to clear them out
[11:30] {Roman} market higher, new high NQ by Memorial day .... IMO
[11:30] {Threei} CAAS is long here with stop under .20
[11:33] {dino} out de .59, +.29
[11:37] {Roman} Vad, this guy on CNBC has your accent
[11:37] {Roman} check it out
[11:37] {Threei} is he good looking?
[11:38] {Roman} not really
[11:38] {dptl} lol
[11:38] {Threei} that's me then
[11:40] {Roman} out 1/2 OMNI +.22
[11:40] {Threei} nice one
[11:40] {dino} watching E!
[11:41] {dino} line umpy
[11:42] {craigaudio} nice roman
[11:44] {Roman} waiting for another spike OMNI
[11:49] {dino} outrvbd .16, +.17
[11:51] {Roman} OSIR super thin
[11:51] {Roman} maybe going over $14
[11:51] {Roman} only 1 hour to go
[11:54] {Roman} CRUS Cirrus Logic: Director buys 136K shares at $7.29-$7.31 (7.25 -0.08) -Update-
[12:09] {Roman} ANPI spike
[12:12] {Chaeron} .
[12:13] {Roman} out 1/2 OVTI +.23
[12:14] {dino} gj
[12:16] {Threei} hitting them well today Romasn
[12:16] {Threei} (unlike me)
[12:16] {craigaudio} aapl blew through 109
[12:16] {Roman} out remaining OMNI +.44
[12:18] {Roman} getting ready to sell NEXM on next spike
[12:19] {Threei} OK guys, left for my next appointment... you are better off with Roman today anyway :)
[12:19] {Threei} see you tomorrow
[12:19] {Roman} good luck Vad
[12:19] {Roman} see u
[12:20] {craigaudio} good luck vad
[12:20] {magoo} good luck vad
[12:20] {lklarson} good luck Vad
[12:21] {Roman} PALM spike
[12:21] {dino} gl vadster
[12:24] {craigaudio} out CAAS
[12:28] {craigaudio} going long if palm breaks .62
[12:38] {Roman} Fox News reports terminal evacuated at Los Angeles Airport - Reuters
[12:45] {Roman} GERN
[12:45] {Roman} trying to break that 9.50
[12:46] {Roman} 15 min to go , too late now
[12:46] {craigaudio} god do i wish i hadnt canned it
[12:46] {magoo} ah rfr...nes tell u ..some of best runs into bell
[12:47] {craigaudio} its broke it
[12:47] {craigaudio} (craig throws up all over his monitor)
[12:47] {craigaudio} whats happened to Nesi these days? he was in the room awhile ago
[12:49] {dino} lol craig, throws up
[12:50] {craigaudio} im just sic after giving up on GERN. on a day like today that kind of move was neccessary
[12:50] {dino} risky, hl s de .74
[12:50] {craigaudio} perfect setup for sods law to occur. picture perfect
[12:51] {dino} its all greek to me
[12:56] {craigaudio} stopped PALM
[13:00] {dptl} good day all ' bye
[13:00] {dino} cov de .57, +.18
[13:00] {craigaudio} bye dino
[13:00] {lklarson} good night all
[13:00] {magoo} bye craig
[13:00] {magoo} c u ik
[13:00] {magoo} dp
[13:00] {craigaudio} bye magoo
[13:02] {dino} later craig
[13:02] {dino} gonna grab a brew, good day overall
[13:04] {dino} take care allo
[13:05] {craigaudio} bye everyone
