RealityTrader Trading Log

Monday, June 18, 2007

Realitytrader TradeLog - June 18, 2007

Session Start: Mon Jun 18 00:00:00 2007

Session Time: Mon Jun 18 00:00:00 2007

[05:18] {DaveG} morning
[05:23] {Roman} good morning
[05:26] {DaveG} ency taking a hit
[05:28] {DaveG} support at 2 permkt
[05:44] {DaveG} aapl very strong
[05:45] {Roman} ASIA AsiaInfo announces it has won a contract from Chongqing Mobile (9.64 )
[05:46] {Roman} EEEI Electro Energy selected by Lockheed Martin to develop advanced technology battery for high altitude airship program (1.09 )
[05:57] {Threei} Good morning
[05:57] {DaveG} morning vad
[05:57] {Threei} hey Dave
[06:05] {esemde} good morning...you all
[06:06] {Threei} esemde :)
[06:06] {esemde} did you make it down to the 125th anniversary of Beacon Hill park Saturday Vad?
[06:07] {Threei} no
[06:07] {Threei} had other plans
[06:08] {esemde} my high school R&B band did the opening ceremonies
[06:08] {magoo} morn Rt
[06:08] {Threei} didn't know that
[06:08] {Threei} magoo :)
[06:08] {esemde} morning magoo
[06:09] {Threei} got some incredible images off Elk lake and Swan lake
[06:10] {cosmo} esemde still in high school?
[06:10] {magoo} thats what i was just thinking cos lol
[06:10] {cosmo} ENCY pre mkt high = 2.3 ...just in case
[06:11] {esemde} I wish.....I direct the band...teach band and mathematics
[06:12] {cosmo} ah... he owns it...
[06:12] {esemde} should have bought stock in it...it's become a very successful program
[06:15] {esemde} Vad did you have a little Tchaikovsky "swan lake' on the ol walkman....
[06:15] {cosmo} well... i guess its beats a marching band
[06:15] {esemde} big time
[06:15] {lklarson} morn all
[06:16] {esemde} morn lkl
[06:16] {Threei} lol... no, with wife playing for ballet schools I try to have as little of that kind of music as possible :)
[06:16] {Threei} lkl :)
[06:16] {cosmo} i had to do marching band.... white spats turned green
[06:17] {magoo} BAMM hit...CDNS hitt...news??
[06:17] {cosmo} from the horses
[06:18] {dino} gm all
[06:18] {esemde} yeah.....i used to be in the Regina Police boys marching band.....and when we marched in the Calgary Stampede....
[06:19] {Threei} dino :)
[06:19] {dptl} gm all
[06:19] {esemde} I'll let your imagination take over from here....
[06:19] {Threei} dp :)
[06:19] {esemde} morning dino.dp
[06:19] {Threei} lol esemde
[06:19] {cosmo} ... you were in the back...right?
[06:19] {dino} gm dp, 3i, ese
[06:20] {esemde} middle....couldn't see it coming....
[06:21] {Threei} canadian no-fly list is launched
[06:21] {Threei} at the bottom it says "no daytraders on board, ever"
[06:21] {cosmo} i was in the front row (trombone)
[06:22] {cosmo} scary up there
[06:22] {esemde} yep that who was in the front row of our band as well....poor buggars never knew what hit them
[06:27] {esemde} SYMC small gap over daily high resistence
[06:27] {cosmo} i new what hit me.. i just couldn't avoid it...
[06:27] {Threei} ASIA is at breakout level
[06:27] {Threei} 9.75
[06:27] {esemde} that meant new shoes for every show...
[06:27] {cosmo} new spats
[06:28] {DaveG} ENCY at premkt supp
[06:28] {esemde} that the breakout leve from 2 days ago Vad?
[06:29] {Threei} it's a high formed by last two days
[06:29] {Threei} 9.72 and 9.74
[06:29] {esemde} tks
[06:29] {Threei} close enough to ignore the 2 cents difference
[06:29] {Threei} and there is a fresh news today
[06:30] {cosmo} JSDA
[06:31] {Threei} Leah, look your dcc please
[06:39] {magoo} .
[06:39] {Threei} JASO, small shares long above 29.10
[06:39] {Threei} 28.85 stop
[06:40] {Threei} that was fast
[06:40] {magoo} yeah missed
[06:40] {Threei} don't chase, pullback or let it go
[06:40] {magoo} i went and so fast no fill
[06:41] {magoo} stock gottra be fast to beat LASER
[06:42] {Threei} SBAC long over .40, stop .29
[06:42] {Threei} .41 new trigger for JASO with .15 stop
[06:43] {Threei} small shares, remember
[06:43] {Threei} stock is very jumpy
[06:43] {Threei} SBAC over 1:1
[06:44] {Threei} 1:2 actually
[06:45] {magoo} out half snac .63
[06:45] {magoo} sbac
[06:45] {magoo} outt jaso ful;l .52
[06:45] {DaveG} out aapl +.60
[06:46] {magoo} THANX VAD for both
[06:46] {Threei} welcome
[06:46] {Threei} JASO 1:1
[06:46] {craigaudio} out jaso. thnks vad
[06:46] {dino} gj guys
[06:46] {lklarson} out jaso 1:1 thx vad
[06:46] {Threei} nice way to start the week
[06:47] {Threei} can I go home?
[06:47] {craigaudio} no
[06:47] {Threei} sigh
[06:47] {dptl} lol
[06:47] {magoo} JASO feels over 23 vad comith
[06:47] {Threei} 23?
[06:47] {Threei} certainly :0
[06:48] {magoo} he he
[06:48] {magoo} 30
[06:48] {Threei} true... just a bit too volatile
[06:48] {Threei} cab breathe hard, and it's monday... not all systems are at full speed yet :)
[06:48] {Threei} cab = can
[06:49] {magoo} agreree, nasty pull there..but mabe a play later
[06:49] {Threei} if it pulls back to 29, I am definitely interested :)_
[06:50] {magoo} but yeah, wouldn't want too be holding bag from .85...jaso
[06:50] {Threei} this kind of stocks is either pullback or very early breakout
[06:50] {magoo} thoughts SBAC?or u out and done w/it?
[06:50] {Threei} later on breakouts become very questionable proposition
[06:51] {Threei} I personally am out but it's not lost cause yet for the balance
[06:51] {Threei} trail stop to .49
[06:51] {Threei} lety it break .65
[06:51] {Threei} BEAS news?
[06:54] {Threei} .34 long BEAS
[06:54] {Threei} .23 stop
[06:54] {magoo} in
[06:55] {dino} ms s .00
[06:59] {DaveG} nice call on beas
[07:00] {craigaudio} jaso pulling back
[07:00] {craigaudio} 29 area
[07:01] {Threei} jaso
[07:01] {Threei} interesting for bounce scalp
[07:01] {magoo} mkt went red vad
[07:01] {Threei} small shares
[07:01] {Threei} NQ sells down hard
[07:02] {Threei} well... in terms of its range anyway, lol
[07:02] {magoo} could hurt JASO bounce
[07:02] {DaveG} covered de +.23
[07:03] * magoo slaps DaveG around a bit with a large trout
[07:03] {magoo} had too
[07:03] {DaveG} morning mags :)
[07:06] {DaveG} bonds low
[07:09] {magoo} vad, beas u looking for scalp 1: 1?
[07:09] {DaveG} if bonds lose 105.30/32, look out
[07:09] {magoo} i waiting .48
[07:10] {Threei} I'd partial magoo
[07:10] {Threei} looks very strong
[07:10] {Threei} .50 is serious resistance
[07:10] {Threei} so you have two strategies
[07:10] {magoo} ok, ty
[07:10] {Threei} one is to sell where you aimed and re-buy if .50 is broken
[07:10] {Threei} another is to sell 2/3
[07:11] {Threei} and try for more with the rest
[07:11] {Threei} .50 is very tempting barrier to break
[07:11] {Threei} look at daily
[07:11] {magoo} yep
[07:16] {Threei} here we go
[07:17] {magoo} where u waiting?
[07:18] {Threei} somewhere above .60 but not sure yet
[07:18] {Threei} maybe higher
[07:18] {magoo} ty
[07:18] {Threei} it's fighting NQ
[07:18] {craigaudio} yes
[07:19] {Threei} you have original position or initiated new one on a break?
[07:19] {craigaudio} me i had orignal and sold half just before the break
[07:19] {Threei} different risk scenarios for those two cases
[07:19] {craigaudio} perhaps should have added on the break then
[07:19] {Threei} for original, trail stop to .39
[07:20] {Threei} and let it trade
[07:20] {Threei} trailing as it goes
[07:20] {Threei} for new one, partial out above .60
[07:21] {lklarson} out 2nd half .62 thx vad
[07:21] {Threei} welcome
[07:21] {Threei} half out for new position, 1:1
[07:22] {magoo} half out .62
[07:23] {Roman} LMRA volume
[07:23] {cosmo} ENCY too
[07:23] {cosmo} 2.24 hod
[07:23] {cosmo} 12.24
[07:24] {cosmo} oops
[07:24] {magoo} out full, .61
[07:24] {magoo} THANX vad, 3 for 3 u certainly be
[07:25] {magoo} felt a pullback coming
[07:25] {dino} cov ms .78, +.22
[07:26] {magoo} nice barney, er um, fred, oops, i mean dino
[07:27] {cosmo} ENCY tests hod
[07:27] {cosmo} soon
[07:30] {cosmo} ENCY pre mkt high = 2.3
[07:30] {Roman} observing CLWT
[07:31] {magoo} cos, u in ENCY?
[07:31] {cosmo} y
[07:31] {cosmo} its a healer
[07:31] {magoo} as a scalp today?
[07:31] {cosmo} i think...
[07:32] {magoo} no..NO... do not think lol
[07:32] {cosmo} could be all day
[07:32] {Threei} you lost magoo right here
[07:33] {magoo} huh?
[07:34] {Threei} [10:32] {cosmo} could be all day
[07:34] {magoo} lol :)
[07:34] {Roman} long OMTR
[07:34] {Roman} 1/2
[07:35] {Roman} in 20.15
[07:36] {dino} l ati .90, stop lod
[07:37] {Threei} nice OMTR
[07:37] {magoo} nice roman
[07:38] {Roman} POZN pop
[07:39] {Roman} out 1/2 OMTR
[07:39] {lklarson} out omtr 1:1 thx roman
[07:40] {Threei} good one ENCY
[07:40] {cosmo} :)
[07:43] {Roman} HOKU pop
[07:48] {lklarson} vad, BEAS at high again
[07:49] {Threei} never hit the trailing stop on pullback
[07:49] {Threei} so that half is still in play
[07:49] {lklarson} ok
[07:50] {cosmo} 3i... is that stop an alarm or a stop order?
[07:50] {Threei} hmm?
[07:50] {cosmo} manual or auto
[07:51] {dino} out ati .39,
[07:51] {dino} +.49
[07:51] {Threei} manual, I do not use auto
[07:51] {cosmo} thot so
[07:51] {cosmo} that could change ... as you get older
[07:52] {cosmo} hehe
[07:52] {Threei} I guess :)
[07:53] {cosmo} you know... better technology
[07:53] {magoo} just obseving..but that JASO wicked
[07:53] {cosmo} ENCY needs to hold .35 imho
[07:54] {cosmo} for keeping the 'all day' status
[07:55] {dino} bsc getting jiggy
[07:55] {craigaudio} nice ATI trade dino
[07:56] {dino} ty
[08:01] {dino} bsc hl l .25, wide stop
[08:06] {dino} out bsc .75, +.50
[08:07] {DaveG} wtg dino
[08:07] {dino} ty
[08:07] {craigaudio} trail stopped BEAS
[08:08] {Threei} I don't see it touchng .49?
[08:09] {craigaudio} i moved mine up as had certain amount wanted to protect
[08:09] {Threei} ummmm
[08:09] {craigaudio} think its still good for more Vad?
[08:10] {Threei} stop should be placed and trailed accordingly to chart requirements
[08:10] {Threei} market has no idea about your personal financial circumstances and won't move accordingly to those
[08:10] {craigaudio} good point
[08:10] {Threei} factoring that in you ruin the logic of following the market
[08:11] {Threei} reread blog articles on stop placement
[08:11] {Threei} they rtouch on that
[08:11] {Threei} I don't know if it has more... it's irrelevant to my trading decisions
[08:11] {Threei} stop is not hit, I don't have a reason to close the trade
[08:12] {Threei} I am not trying to predict anything, I let the market tell me what to do
[08:12] {Threei} and while it moves between stop and breakout level, not breaking any of those,
[08:12] {Threei} it's just noise,
[08:12] {dino} vad getting deep on us, :)
[08:12] {Threei} and market has not told me anything
[08:12] {Threei} so I don't do anything
[08:12] {Threei} lol dino
[08:13] {Threei} dino... as you can see, all that was just a justification for not doing anything, lol
[08:16] {dino} indeed sir
[08:16] {dino} stst, hmmm
[08:20] {dino} pozn again
[08:23] {Roman} Earthquake shakes Tehran and QOM at 5.6 degrees on Richter scale; no immediate damage reports
[08:23] {Roman} TAYD usingally moves with taht
[08:24] {Roman} 5.6 degrees ain't strong enought
[08:25] {cosmo} depends on the buildings, R
[08:26] {Threei} straw hat should be OK
[08:27] {DaveG} hut
[08:27] {cosmo} ah... straw fiber
[08:27] {cosmo} light; strong; flexable
[08:42] {Roman} LMRA again
[08:43] {Roman} BCRX BioCryst Pharm: Pharmacokinetic and Safety Profile of the Intramuscular Formulation of Peramivir Supports Further Evaluation as Treatment for Acute In (7.46 -0.08)
[08:48] {DaveG} lalalalala
[08:49] {DaveG} all together now
[08:49] * Threei slaps DaveG around a bit with a large trout
[08:49] {DaveG} :)
[08:49] {Roman} FFHL bouncing on daily, this one can move
[08:52] {DaveG} do any crabbing lately vad?
[08:52] {Threei} totally
[08:52] {DaveG} excellent
[08:53] {Threei} and having fun photographing them holding diff accessories in claws
[08:53] {DaveG} cool
[08:56] {dino} ms l .35, stop lod
[09:02] {_rob2007} vad is LMRA good for long if breaks .08
[09:03] {Threei} worth a try
[09:03] {_rob2007} thank you
[09:03] {Threei} 4.94 stop
[09:03] {Threei} I gues scalp only
[09:03] {_rob2007} yes
[09:04] {Threei} it already made a decent move roughly equal its biggest range for the day
[09:04] {_rob2007} i c, ty
[09:04] {Threei} so, kind of "grab a portion of it and run" :)
[09:05] {_rob2007} ok
[09:05] {_rob2007} ty
[09:06] {dino} vtaol
[09:07] {Threei} if breaks .10, trail a stop to 4.99 and be ready to get out on a spike
[09:07] {Threei} lol, broke while I typed
[09:08] {_rob2007} yeah , ty
[09:19] {Threei} NUAN interesting
[09:26] {Threei} .80 long with .69 stop
[09:33] {DaveG} bonds moving up, should help the mkt
[09:37] {dino} barry?
[09:37] {magoo} vad, hows your iscan working?
[09:38] {Threei} looks ok, why?
[09:38] {magoo} my post mkt scanner windows are blank
[09:38] {Threei} I wonder why
[09:38] {Threei} :)
[09:38] {magoo} HE HE
[09:38] * DaveG slaps magoo around a bit with a large trout
[09:38] {craigaudio} my scanner is fine magoo
[09:39] * magoo slaps craigaudio around a bit with a large trout
[09:39] {craigaudio} still working
[09:39] {dino} out ms .55, +.20
[09:42] {magoo} nice pebbles , er um bam bam, um, dino
[09:45] {dino} grrr
[09:46] {DaveG} go git em
[09:46] {craigaudio} nice MS dino
[09:47] {dino} ty, bit early
[09:47] {craigaudio} yes market moved up after you got out giving it a push
[09:53] {DaveG} lol
[09:58] {DaveG} bonds doink
[09:58] {Roman} VICL strong
[09:59] {Threei} NUAN 1:1
[10:01] {DaveG} home builder confidence report, not good
[10:02] {Threei} home builders need self-help coach
[10:03] {craigaudio} out NUAN. thanks vad
[10:03] {DaveG} :)
[10:03] {Threei} build up the confidence, you know...
[10:03] {Threei} welcome craig
[10:03] * Threei slaps magoo around a bit with a large trout
[10:04] {craigaudio} will probably get to whole number though
[10:04] {Threei} quite possible, looks strong... but I take obvoius money these days
[10:04] {craigaudio} yes me too
[10:05] {dino} it is summer, so i am in major scalp mode myself
[10:05] {Threei} yup
[10:06] {Threei} to me it feels like if I see a dollar on the ground, I pick it up, not leave it there thinking that in a few steps I may find 5
[10:07] {dino} w/you. my notes from last year say "take august off, it sucked"
[10:07] {DaveG} lol
[10:07] {dino} i have a way w/words
[10:07] {DaveG} you do :)
[10:07] {Threei} in 10 years of trading I remember maybe one or two good augusts
[10:09] {craigaudio} are they still profitable?
[10:09] {dino} have to agree, its usually a tough month
[10:09] {dino} not for me last aug, brutal
[10:10] {Threei} my way to live through august is to sit and wait for a trade to literally jjump at me,
[10:10] {Threei} then halve my expectations vs usual,
[10:10] {Threei} grab the profit and go back to sleep mode
[10:10] {Threei} works to keep august still profitable
[10:11] {DaveG} well that should suit magoo well, being always in sleep mode
[10:12] {Threei} he slept through NUAN trade
[10:12] {DaveG} sleeping now i see, or i'd be full of trout
[10:16] * magoo slaps Threei around a bit with a large trout
[10:16] * magoo slaps DaveG around a bit with a large trout
[10:17] {DaveG} mornng mags
[10:17] {DaveG} ;-)
[10:17] {dptl} :)
[10:17] {Threei} we decided he was going to sleep through the entire day and got reckless, dave
[10:18] {DaveG} :)
[10:21] {magoo} i am 3 for 3 out of gate with vad...thought hey...i pretty tired...would like to keep every single dime lol
[10:21] {dino} i forgot6 he was here
[10:21] {magoo} so i fell asleep, would go home, but can't sleep there with wifes work list
[10:22] {DaveG} wtg
[10:22] {dptl} lol
[10:25] {DaveG} well, i need to get something to eat, biab
[10:26] {Roman} CBST
[10:26] {Threei} NUAN 18
[10:28] {craigaudio} wondering why i stick with the obvious
[10:48] {craigaudio} think im done for day guys. things to sort out. good luck with rest of the day
[10:48] {Threei} take care craig
[10:48] {dino} later craig
[10:49] {craigaudio} bye guys
[10:55] {DaveG} hot out here today
[10:56] {dino} about 86 here
[10:57] {Threei} do the rain dance
[10:57] {DaveG} it just started raining
[10:57] {Threei} wow... that was fast
[10:57] {dino} ms l .50
[10:57] {DaveG} :)
[10:57] {Threei} I always believed in effectiveness of those dances
[10:57] {Threei} especially if perform them in tutu
[10:58] {DaveG} too much info
[11:06] {DaveG} looking to short de soon
[11:14] {DaveG} maybe :)
[11:27] {DaveG} and it's gone up since i said that
[11:28] {Threei} good you haven't shorted it... too bad you haven't bought
[11:28] {Threei} how's that for a balanced approach?
[11:29] {DaveG} it's at resistance here
[11:29] {DaveG} but now on an uptrend
[11:29] {DaveG} so will be a long if it holds over this resist
[11:29] {DaveG} with ym help
[11:34] {DaveG} now it's just all messed up
[11:34] {Threei} lol
[11:35] {Threei} dave... now that you have mastered rain dance,
[11:35] {Threei} can you learn long dance and short dance?
[11:35] {DaveG} :)
[11:35] {Threei} to help us out with stock movement
[11:35] {DaveG} sigh
[11:36] {Threei} we buy, you do the dance, we profit, we share
[11:36] {DaveG} lol
[11:36] {Threei} magoo is going to reimburse you for tutu cost
[11:36] {DaveG} lol
[11:37] {DaveG} it will have to be resized to fit me......smaller
[11:37] {DaveG} a LOT smaller
[11:37] {dino} out ms .61, +.11
[11:37] {DaveG} dave runs
[11:37] {dino} lol dave
[11:38] {DaveG} :)
[11:44] {Threei} going to sleep 15 min more, then try and look for one more play
[11:45] {cosmo} hey, that's the spirit
[11:45] {Threei} maybe NUAN again if stays above 17.90
[11:45] {Threei} lol
[11:54] {dino} thinking that i am done for day, over daily, not much happening
[11:54] {DaveG} wtg
[11:55] {magoo} ok, thanx vad, everybody
[11:55] {magoo} calling it a day
[11:55] {magoo} c u morrow
[11:55] {lklarson} take care magoo
[11:56] {DaveG} later mags
[11:56] {dino} ty dave.
[11:57] {dino} later all
[11:59] {lklarson} take care dino
[12:06] {DaveG} well, im off too, green, not much, but green
[12:06] {DaveG} take care and cyall am
[12:07] {Threei} bye dave
[12:07] {lklarson} later dave
[12:12] {Threei} SOHU, half lot .72 long if stays above .60
[12:26] {Threei} I need some jaw restraint, risking to doslocate it yawhing
[12:26] {Threei} yawning
[12:43] {cosmo} cdns
[12:43] {cosmo} acting like a gappa
[12:44] {Threei} which way?
[12:44] {cosmo} up ...its healing
[12:51] {lklarson} good night all
[12:52] {cosmo} lets hope
[12:52] {Threei} take care lkl
[12:52] {Threei} thank you all, have a good evening
[12:52] {Threei} see youi tomorrow
[12:53] {dptl} have a good evening all.....good day:)