RealityTrader Trading Log

Monday, August 20, 2007

August 20, 2007

Session Start: Mon Aug 20 00:00:00 2007

Session Time: Mon Aug 20 00:00:00 2007

[05:28] {DaveG} morning
[05:40] {cosmo} DNDN: ...up on drugs
[05:41] {cosmo} ... Breast cancer vaccine looks safe, study shows
[05:41] {cosmo} at Reuters (Fri, Aug 17)
[05:42] {cosmo} 7.5 to 8.0 pre mkt range
[05:44] {cosmo} ...wants 8 test...
[05:48] {cosmo} 9.15 high last Fri nite
[05:58] {cosmo} PDLI: PDL BioPharma Announces Internal CEO Investigation Found No Credible Evidence of Improper Personal Conduct or Breach of Fiduciary Duty
[05:58] {cosmo} PR Newswire (Mon 8:30am)
[05:58] {cosmo} also
[05:59] {cosmo} PDL BioPharma CEO to leave by end of year
[05:59] {cosmo} at Reuters (Mon 8:44am)
[05:59] {cosmo} pre mkt high = 23
[06:00] {cosmo} f2wiw
[06:00] {cosmo} fwiw
[06:02] {magoo} morning
[06:08] {Threei} Good morning
[06:08] {cosmo} so far
[06:10] {BillyD} morning RT
[06:10] {Threei} Billy :)
[06:11] {Threei} DND chart looks bullish, news is bs... go fuigure
[06:11] {esemde} good morning everone......
[06:11] {Threei} DNDN
[06:11] {Threei} ese :)
[06:12] {cosmo} DNDN...not done
[06:12] {Threei} if takes .20, most likely
[06:12] {cosmo} resistance 8.2 to 8.25'ish
[06:13] {cosmo} should hold 8
[06:13] {cosmo} ...or its nap time
[06:13] {BillyD} can't short
[06:13] {BillyD} here
[06:14] {cosmo} they're keeping you out of trouble DB:)
[06:15] {cosmo} BD i mean
[06:15] {DaveG} gnbt news
[06:17] {cosmo} GNBT gets Euro and Mex patents...
[06:18] {Threei} ese, look dcc please
[06:22] {cosmo} Generex Biotechnology Awarded European and Mexican Patents
[06:22] {cosmo} PrimeNewswire (Mon 9:15am)
[06:30] {cosmo} TRLG: True Religion Gets Nasdaq Warning
[06:30] {cosmo} AP (Fri, Aug 17)
[06:31] {cosmo} ... something about fundamentalism....
[06:32] {Threei} RIMM, pullback under 225 is long with smaaaal shares
[06:32] {Threei} very risky, as usual with RIMM
[06:33] {Roman} looking for JASO bounce today
[06:33] {Threei} 224.5 support
[06:33] {magoo} u in?
[06:33] {Threei} no, hoping to get it closer to support
[06:33] {Threei} if no drop anymore, I'll miss it
[06:34] {magoo} k
[06:35] {magoo} nasty fall threre
[06:36] {Threei} in
[06:37] {Threei} stop under 223
[06:37] {Threei} no worky... got greedy, tried to exit above 224
[06:38] {BillyD} greed is good vad
[06:38] {Threei} often, yes
[06:38] {Threei} not always :)
[06:38] {BillyD} :0
[06:40] {cosmo} SSCC
[06:40] {Threei} SSCC .51 long .39 stop
[06:40] {Threei} lol cosmo
[06:40] {cosmo} :)
[06:40] {Threei} is that what you were going to say?
[06:40] {cosmo} no ... i cant find news
[06:40] {BillyD} I'm watching that as well
[06:41] {Threei} BMO Capital Markets Raised SSCC to Outperform from Market Perform
[06:44] {Threei} PIPR is stubborn seller
[06:44] {BillyD} yes....maybe 11 in it if goes
[06:45] {Threei} yes
[06:45] {Threei} RADS
[06:45] {Threei} ugh, don't chase
[06:47] {Threei} half lot RADS here
[06:47] {Threei} stop under .40
[06:49] {magoo} in
[06:51] {Threei} hesitant market
[06:52] {magoo} dangerous here
[06:52] {magoo} xplode up or down
[06:54] {Threei} JNPR .75 long if stays above .65
[06:54] {BillyD} sscc just enough to stop so far
[06:56] {Roman} long SPAR
[06:56] {Roman} small off 15.50
[06:56] {Threei} not sure if tghere was time to enter JNPR... if you got it, half out at least
[06:57] {magoo} missed, but nice read
[06:57] {magoo} in rads tho
[06:58] {Threei} needs push through .60 to work
[06:59] {Roman} long OVTI
[06:59] {Roman} 18.25
[07:00] {Roman} out 1/2 SPAR +.48
[07:00] {Threei} nice one
[07:00] {Roman} out JNPR , ty VAd
[07:00] {Threei} :)
[07:01] {Roman} JASO long sumper small
[07:01] {Roman} 30.90 area
[07:01] {Roman} risky, wide stop
[07:01] {Roman} out remaining SPAr
[07:01] {Threei} come on RADS
[07:01] {magoo} sumper = ??
[07:02] {Roman} super
[07:02] {magoo} lkol
[07:02] {Threei} it's hard to talk clearly with custard in your mouth magoo
[07:02] {magoo} and type w/pudding on fingers'
[07:02] {Roman} damit, i cna't be typing 100% and tradin at the same time
[07:02] {Threei} obviously
[07:02] {Threei} lol
[07:02] {magoo} and eating
[07:03] {Roman} got me there
[07:03] {Roman} CROX strong today
[07:04] {Roman} Magoo style
[07:04] {Threei} MPWR half lot long .51
[07:04] {Roman} FSLR strong, upgraded by Citigroup
[07:04] {Threei} if stays above .35
[07:04] {magoo} actually was thinking of getting a pair
[07:06] {Roman} ANAD interesting
[07:08] {Roman} appearel strong
[07:08] {Roman} BRCM
[07:08] {Roman} long
[07:09] {Roman} 34.55 1/2
[07:11] {BillyD} vad, you in MPWR
[07:11] {Threei} yes
[07:11] {BillyD} partial?
[07:11] {Threei} 500
[07:12] {BillyD} raise stop to .49?
[07:13] {Threei} .39 for me
[07:13] {BillyD} ok...wasn't sure if too soon
[07:13] {Threei} ithas 20 potential, with half lot want to give it chance
[07:14] {magoo} entry .51 vad?
[07:14] {Roman} stopped BRCM -.11
[07:14] {Threei} yes
[07:14] {Threei} got .50 though, offer reappeared after first break
[07:14] {Threei} so I am 1 cent ahead.. lol
[07:14] {BillyD} hehe...same here
[07:14] {Threei} :)
[07:20] {Threei} MPWR over 1:1 for those who is skeered
[07:21] {Threei} (and for those who can understand this very non-English statement of course)
[07:21] {BillyD} out 1/4 +.20
[07:22] {Threei} Billy is 1/4 of both
[07:22] {Threei} magoo is neither
[07:22] {BillyD} was at .74 and no hit me
[07:22] {Roman} long OMTR small
[07:22] {Roman} 25
[07:22] {Threei} careful Billy... my English starts rubbing off of you
[07:23] {Threei} "no hit me"? :)
[07:23] {BillyD} it's sad I know
[07:23] {Threei} you have no idea
[07:23] * magoo slaps Threei around a bit with a large trout
[07:23] {Threei} how did I deserve that?
[07:23] {magoo} [10:23] {Threei} "no hit me"? :)
[07:23] {Threei} or the very fact of my existence is enough?
[07:24] {Roman} long SIMO small
[07:25] {Roman} out OMTR +.11
[07:25] {Roman} u guys still in RADS?
[07:25] {Threei} stopped
[07:26] {Threei} tiresome stock
[07:27] {Threei} JNPR worked like charm
[07:27] {Threei} too bad entry window was so narrow
[07:28] {Threei} CEGE?
[07:28] {Roman} following DNDN (cege)
[07:28] {Roman} imo
[07:28] {Threei} oh
[07:29] {Threei} right, forgot about their connection
[07:29] {Threei} it's been a while since that dog moved
[07:29] {Threei} 5 generations of fleas changed
[07:31] {BillyD} Vad to .50 on MPWR or you still .39
[07:31] {Threei} I'll make you a deal
[07:31] {Threei} .45
[07:32] {BillyD} you are going for more on it
[07:32] {BillyD} potential
[07:32] {esemde} have been watching CEGE for a while now
[07:32] {Threei} it does have it, market is unstable...
[07:32] {BillyD} true
[07:32] {Threei} so kind of "make up your mind depending on your risk tolerance"
[07:33] {esemde} you refering to CEGE VAd
[07:33] {Threei} no, MPWR
[07:33] {Threei} to CEGE/DNDN pair I refered when spoke of dogs with fleas :)
[07:34] {esemde} which one dog...which one fleas...makes a big difference
[07:34] {Threei} they are news driven movers
[07:34] {Roman} LOCM ready to bounce today
[07:35] {Roman} took some 5.00 area, will give it a few hours
[07:38] {cosmo} ovti
[07:38] {cosmo} 18.4 test
[07:39] {Roman} magoo, AAPL active (as usual) u working it?
[07:39] {magoo} funny, but today i have no read as of yet...not one trade on it
[07:40] {Roman} JADE
[07:40] {Roman} got some more in it
[07:45] {BillyD} out 1/4 more MPWR +.15
[07:47] {esemde} long LOCM 200 shs 5.10
[07:48] {BillyD} stingy day so far
[07:51] {Roman} YHOO
[07:51] {Roman} YHOO Yahoo!: Microsoft CEO Ballmer 'won't say a darned thing' on if there are Yahoo talks- Bloomberg (23.46 -0.08)
[07:52] {Threei} lol
[07:56] {BillyD} out rest mpwr +.03
[08:00] {Roman} long CPHD
[08:00] {Roman} 18.21 area 1/3
[08:01] {esemde} Roman ...do you have a traget for LOCM...i'm thinkin 6.60 ish
[08:02] {Roman} 5.60 or 6.60?
[08:02] {Threei} ADSK
[08:02] {esemde} 5.60..opps
[08:02] {Threei} half lot above 45 long
[08:02] {Roman} yes, ese....5.50 and over
[08:02] {esemde} approx high 3 days ago
[08:02] {Roman} i think 5.80
[08:03] {esemde} cool...
[08:03] {esemde} i like your target better
[08:03] {Threei} .85 stop
[08:04] {BillyD} in .99
[08:05] {Roman} 6.6 magnitude earthquake hits deep at sea off S Philippines - DJ
[08:06] {Roman} watching TAYD
[08:08] {esemde} how do you watch something thats only traded 1400shss?
[08:09] {BillyD} patiently
[08:09] {esemde} talk about serious volitility
[08:09] {Roman} out ADSK , ty Vad
[08:09] {Threei} over 1:1 ADSK
[08:09] {Threei} 1:2
[08:09] {Threei} crying now Roman?
[08:10] {Threei} flipper
[08:10] {Roman} no way
[08:10] {BillyD} out adsk
[08:10] {BillyD} ty vad
[08:10] {Threei} welcome
[08:10] {BillyD} .17-.31
[08:10] {magoo} out ,26, thanx vad
[08:10] {Threei} where is dino's "that Was Easy" button
[08:10] {gabby} out ADSK +.25 tks vad
[08:10] {magoo} oh yeah, i gonna go take it from his desk
[08:11] {Threei} welcome guys
[08:11] {magoo} good idea
[08:12] {magoo} did u hear it, i just put easy button on magoo desk and smacked it twice
[08:13] {magoo} one for magoo and one for the gabster
[08:13] {Threei} you crashed it
[08:22] {Threei} server dump or what
[08:22] {BillyD} ?
[08:22] {Threei} several disconnection with (TCP/IP connection broken)
[08:22] {BillyD} ok here it seems
[08:22] {Threei} jmb, gabby, patience
[08:23] {BillyD} maybe you offended them some how
[08:23] {Threei} as if it would be a first time
[08:28] {BillyD} nor the last
[08:28] {Threei} certainly
[08:29] {BillyD} how was ese band
[08:29] {Threei} incredible
[08:29] {Roman} out 1/2 +.48 small
[08:29] {BillyD} awesome to hear
[08:29] {Threei} amazing performance, beautiful setting
[08:30] {BillyD} so, is ese a rock star
[08:30] {Threei} totally
[08:31] {BillyD} hope he remembers us when he hits it big
[08:32] {Threei} that's not a trick... next get-together, I'll put a bottle of vodka in front of him and see if he remembers anything and anyone after THAT
[08:32] {BillyD} ADSK couldn't get a decent bounce
[08:32] {BillyD} lol
[08:34] {BillyD} I recant
[08:35] {Roman} out CPHD 1/2 +.17
[08:38] {Roman} OVTI near resistance level
[08:38] {Roman} 18.5
[08:42] {Roman} out 1/2 OVTI +.30
[08:43] {Threei} wow
[08:43] {BillyD} nice tradin Roman
[08:43] {Threei} nice one
[08:44] {Roman} SNDK
[08:46] {Roman} trying to sqeeze
[08:46] {Roman} will pass this one
[08:49] {esemde} seems like PMCS should take off
[08:51] {Roman} SIMO trying
[08:52] {Roman} out 1/2 SIMO +.24
[08:53] {Roman} ECB plans further cash infusion - WSJ
[08:53] {Roman} WSJ reports the ECB said Monday afternoon it will inject more extra cash into euro-zone money markets during its main weekly refinancing operation Tuesday.
[09:04] {Roman} sell sell sell
[09:04] {Roman} (trying to be like cramer)
[09:05] {Threei} .74 short trigger CFC, SMALL shares
[09:07] {Threei} invalidated, unless goes through new consolidation
[09:29] {Roman} IDSA
[09:29] {Roman} low vol
[09:29] {Chaeron} Cramer had a really neg article in Barrons... anyone else see it?
[09:29] {Roman} i did
[09:30] {Chaeron} heheh... stop clocks do better.... lol
[09:30] {Roman} yea, i read it
[09:30] {Roman} but it wasn't too negative really
[09:30] {Roman} im
[09:30] {Roman} imo
[09:31] {DaveG} about him, or one he wrote?
[09:31] {Chaeron} about
[09:31] {DaveG} aahh
[09:31] {Roman} about him wasn't too negative, the main point of the article is that his picks are up but still lagging the DOW
[09:33] {Chaeron} well, let's say I'd follow Vad or Roman's calls a helluva lot faster and confidently than Cramer's and the article said the same... without naming Vad or Roman of course :)
[09:33] {Threei} too bad
[09:34] {Threei} omiting our names kind of undermines baron's credibility
[09:34] {Chaeron} so with that logic, why isn't Baroon's writing up Vad and Roman? :)
[09:34] {Threei} lol
[09:34] {Chaeron} hold on making call to publisher
[09:34] {Threei} yeah, give them piece of your mind
[09:35] {Threei} still stalking CFC for short
[09:36] {Threei} ideally if it doesn't go over 20 anymore and loses .75
[09:36] {Threei} small shares guys if it sets up, this is volatile one
[09:37] {Threei} if you ;like aggressive entry on it, try to time it market, it follows somewhat
[09:37] {Threei} not exactly but still
[09:39] {Threei} OK guys, who is interested in Trade The News service, RT clients get the following discount:
[09:40] {Threei} Global Equities Audio Package (Text+Audio): 25% off ($263/mo)
[09:40] {Threei} Global Equities News Headlines (Text): 10% off ($45/mo)
[09:40] {Threei} if you decide to sign up with them, dcc me for the discount code
[09:40] {Threei} we will have a banner in members login area shortly, for now it's through me
[09:44] {Threei} PARAMOUNT AND DREAMWORKS ANIMATION EACH DECLARE EXCLUSIVE SUPPORT FOR HD DVD
[09:44] {Threei} SNE maybe short on this
[09:44] {Threei} not my cup of tea
[09:44] {Threei} just providing you with general life philosophy
[09:50] {Threei} CFC wouldn't lift with masrket this time
[09:50] {Threei} more andf more looks like short
[09:52] {BillyD} Vad..you in CFC yet
[09:52] {Threei} couldn't stand it and shorted aggressively
[09:52] {Threei} .89
[09:52] {Threei} 12 cents stop, why not
[09:56] {Threei} come on CFC, time to die
[09:57] {Threei} good boy
[09:57] {Threei} you can do better, don't stop there
[10:00] {Threei} covered half
[10:00] {BillyD} nice one
[10:00] {magoo} new mkt lows here
[10:00] {Threei} your AAPL magoo... if loses 121
[10:01] {magoo} yeah..was stalking that
[10:01] {DaveG} celg
[10:02] {Threei} beauty AAPL
[10:03] {_theshark55} i have been trying to follow, im a bit confused if someone could explain it be helpful, thanks
[10:04] {Threei} absolutely
[10:04] {Threei} try to ask specific question on the post that was unclear
[10:04] {Threei} and we will go from there
[10:04] {_theshark55} you aapl magoo... if loses 121
[10:04] {Threei} we are kind of speaking in terms that were established so long ago, we take it fro gratned
[10:05] {_theshark55} thats ok
[10:05] {Threei} OK, that was short call for AAPL on breakdown of 121, usually we do post much clearer
[10:05] {Threei} this one was so circumsized because it wasn't really a call,
[10:05] {Threei} magoo trades AAPl regularly based on its following the market
[10:06] {_theshark55} ok
[10:06] {Threei} so just attnetion getter on my part :)
[10:06] {Threei} usual logistics for the call:
[10:06] {Threei} ABCD long at 20 if holding above 19.80
[10:06] {Threei} meaning, stiop will be under 19.80 if stock triggers,
[10:07] {Threei} if it loses 19.80 before triggering, setup is invalidfated
[10:07] {Threei} also, keep in mind,
[10:07] {Threei} there are several kinds of entries possible
[10:08] {Threei} that usually depend on particular trader's preferences,
[10:08] {Threei} described here:
[10:08] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html
[10:09] {Threei} make sure you go over entire blog, it reflects our approach well
[10:09] {_theshark55} ok reading now
[10:09] {Threei} cool... magoo, you go read it too
[10:10] {Threei} and don't give me "I did already", just read it second time
[10:26] {Threei} if NASDAQ goes for new lows, TMBS 13.15 short, just a small scalp
[10:26] {Threei} RMBS, sorry
[10:27] {Threei} above .25 invalidated
[10:27] {Threei} no long though
[10:28] {_theshark55} now what exactly did you mean by that, if you dont mind me asking?
[10:28] {Threei} 13.15 is a short trigger, desirably supported by NASDAQ drop
[10:28] {Threei} .25 is invalidating level
[10:29] {Threei} meaning if it breaks it, no longer on a short alert
[10:29] {Threei} does it help?
[10:30] {_theshark55} so if it drops below 13.15 its a buy (short term)
[10:30] {Threei} no
[10:30] {Threei} it's a short
[10:30] {_theshark55} ok
[10:30] {Roman} out remaining CPHD +.49
[10:30] {Threei} short trigger - meaning entry on a short side
[10:30] {_theshark55} so short it if it drops below 13.15
[10:30] {Threei} iif trades at .15
[10:30] {magoo} all our trades are "short term as in minutes hopefully" if i may add
[10:31] {BillyD} or seconds
[10:31] {_theshark55} lol i will try my best
[10:31] {Threei} if I meant below .15 I would say "trigger is .15 breakdown"
[10:31] {Threei} seconds eh
[10:31] {Threei} takes me a minute to wake up after I enter
[10:32] {BillyD} well...would prefer profits in seconds
[10:32] {_theshark55} ok but when you say .15 you mean 13.15
[10:32] {Threei} correct
[10:32] {_theshark55} ok thanks
[10:32] {Threei} usually whole numbers are skipped in trading posts unless there is a cross
[10:32] {Threei} meaning, if post contains two numbers, for trigger and stop, or trigger and target,
[10:32] {_theshark55} ok thanks
[10:33] {Threei} and they are on different sides of a whole number
[10:33] {Threei} then whole is added to avoid confusion
[10:33] {Threei} it's an ancient practice
[10:37] {DaveG} and we are ancient
[10:37] {magoo} rmbs in play??
[10:37] {Threei} yes, but don't count on much, it's a tight stock
[10:37] {Threei} speak for yourself dave
[10:37] {DaveG} right, sorry
[10:38] {Threei} I like to think of myself as very young... possibly even boyish
[10:38] {DaveG} lol
[10:38] {Threei} prtoblem is, noone else thinks that
[10:38] {Threei} but I conviniently ignore everyone else
[10:39] {Threei} after all, those are very same people who dislike my sense of humor
[10:39] {Threei} and while I have toa dmit there is nothing to like, why would I want to deal with them
[10:39] {DaveG} jeez, wci
[10:39] {Threei} was halted earlier
[10:40] {Threei} OBTAINS WAIVER AND AMENDMENT OF CREDIT AND LOAN FACILITIES
[11:00] {BillyD} NDX seems to play more in ranges intraday
[11:00] {Threei} yeah, august is still auagust, even as unusual as this one
[11:06] {BillyD} you really have to be keen on what real support levels are on these stocks like ADSK, AAPL CFC, etc
[11:07] {Threei} CFC is asking to be shorted if loses .50
[11:07] {Threei} .70 is invalidating level
[11:08] {BillyD} agree
[11:09] {Threei} feel free to cover
[11:09] {BillyD} did
[11:09] {BillyD} hehe
[11:10] {Threei} scalping only
[11:10] {Threei} :)
[11:10] {BillyD} ty
[11:10] {BillyD} +.16
[11:10] {Threei} theshark... was it clear call or there is a need to elaborate something?
[11:12] {BillyD} I'm seeing stuck bids and offers as stocks make moves
[11:13] {Threei} NYSE... what do you want from this old pile of junk
[11:13] {BillyD} roflol
[11:14] {Threei} rusty debris everywhere
[11:15] {Threei} CFC death was fast and painless (unless you are long that is)
[11:17] {BillyD} ADSK keeps pushing .60
[11:18] {Threei} {.60} and I keep pushing it back
[11:18] {Threei} ok, my sense of humor hits new lows
[11:18] {Threei} and you thought it wasn't possible
[11:18] {BillyD} yes.....
[11:19] {BillyD} etreme boredom will test a man
[11:19] {BillyD} cause to hime to capitulate
[11:19] {Threei} I test well for that
[11:19] {Threei} I fall asleep with no resistance
[11:19] {BillyD} in his quest for alter ego
[11:20] {BillyD} it seems trades are either somewhat frenetic or turtles
[11:20] {Threei} don't go all Shakespearian on us billy
[11:21] {Threei} quest for alter ego? sir ronald's quest for dark tower? sheesh
[11:21] {Threei} Kipling is OK though
[11:21] {BillyD} I am limited in Shaespere
[11:22] {DaveG} is there a fair maiden anywhere in their?
[11:22] {BillyD} Romeo/Juliet shakespere?
[11:22] {Threei} so are today's technology-oriented teens, Billy... their version is 2B or not2B
[11:23] {BillyD} got it
[11:24] {BillyD} magoo...you reading AAPL
[11:25] {cosmo} i like Hitchcock
[11:28] {Threei} AAPL is .60 long if stays above .30 from now on... and of course if NASDAQ helps
[11:30] {magoo} i believe cnbc has aapl news coming up, positive
[11:33] {Threei} that was as easy as AAPL can ever be
[11:34] {Threei} take profit, change diapers, get ready for the next
[11:36] {Threei} I assume everyone is changing diapers
[11:36] {BillyD} stepped away and didn't see your post
[11:36] {BillyD} :(
[11:36] {Threei} thus calls of ours get lost in vain
[11:37] {BillyD} not in vain
[11:37] {Threei} (Shakespear)
[11:38] {BillyD} you do balet Vad?
[11:39] {BillyD} ballerina?
[11:40] {Threei} huh?
[11:40] {BillyD} shakespear and balet
[11:40] {BillyD} poetic sorta
[11:41] {Threei} ever saw a cow under the saddle?
[11:41] {BillyD} lol
[11:41] {Threei} that would be me and ballet
[11:41] {BillyD} you are impressing me with your shakespear
[11:41] {Threei} gracious ad hyppo
[11:41] {Threei} as
[11:41] {BillyD} same here
[11:42] {Threei} make sure you don't leave toomuch chinaware in the same room with me
[11:47] {BillyD} Vad...your NQ charts lag behind stocks sometimes in showing upticks
[11:50] {Threei} NQ isn't working last couple days
[11:51] {BillyD} ok
[11:52] {Threei} use ndx or qqqq instead
[11:52] {BillyD} I use NDX and just notice stocks make the move before NDX shows uptick
[11:52] {Threei} that's rather normal
[11:53] {Threei} NDX is NAS 100 stocks composite
[11:53] {Threei} so they move and form NDX movement
[11:53] {BillyD} is NQ better for this
[11:53] {Threei} usually, yes, although difference is inconsistent
[11:54] {BillyD} ok
[11:54] {Threei} sometimes it's significant enough to give you entry
[11:54] {Threei} sometimes it's practically non-existent
[11:54] {Threei} add to that the fact not all stocks moving in synch with market react at the same time
[11:55] {Threei} and you get pretty much "art" instead of "science"
[11:55] {BillyD} makes sense....good explanation
[11:55] {_theshark55} it is an art
[11:55] {BillyD} I'm trying too much science on those kind
[11:55] {_theshark55} that just uses some scientific tools
[11:56] {Threei} true
[11:56] {magoo} going gren
[11:56] {magoo} gereen'
[11:56] {magoo} green
[11:56] {Threei} if it was pure scienece, anyone could do that with same level of success since trading would be diminished to simple set of formulas
[12:02] {_theshark55} green...for now
[12:05] {BillyD} sVad see anything in CFC over 20
[12:05] {Threei} it would take real strong market move to make it work
[12:05] {BillyD} into resistance
[12:05] {BillyD} thx
[12:06] {Threei} CFC was weaker than general market all day
[12:06] {Threei} not to say it can't happen of course, just not a great odds
[12:06] {Threei} I'd hunt for more lucrative prey
[12:09] {magoo} like aapl over 123
[12:11] {Threei} in fact CFC starts looking like short to me again
[12:12] {Threei} jeez
[12:12] {Threei} why didn't I say that 30 seconds sooner, lol
[12:12] {BillyD} thought about it at 20 area but not enough conviction
[12:13] {magoo} man, i wish someone would fix bartiroma's hair
[12:14] {Threei} lol
[12:14] {magoo} aapl, vad.pply foot
[12:15] {Threei} yes sir
[12:17] {magoo} wtrong way...try agaiun
[12:17] {magoo} there u go
[12:18] {Threei} I am kicking it right way, it just doesn't respond well to violence
[12:28] {esemde} hey everybody...have a great rest of the day...going to look at hardwood floors
[12:32] {Chaeron} see you tomorrow ese
[12:40] {_theshark55} 20 to go
[12:43] {Threei} no power would take CFC over 20
[12:44] {BillyD} no
[12:44] {Threei} little break was nothing but trap
[12:44] {cosmo} PDLI
[12:44] {BillyD} I have to play it with wider ranges for profit
[12:44] {BillyD} I took small at 20 last time and covered for +08
[12:45] {BillyD} .90- being the last small resisitance atrea
[12:45] {BillyD} and it hits .65
[12:45] {BillyD} lol
[12:45] {cosmo} PDLI wants 23
[12:45] {Threei} did it call you to make evil laughter?
[12:45] {BillyD} I hid under desk afraid to answer
[12:51] {Threei} ok guys, let's call it a day
[12:52] {Threei} have a great evening, see you tomorrow
[12:52] {BillyD} take care Vad...thx
Session Close: Tue Aug 21 00:00:00 2007