RealityTrader Trading Log

Monday, November 12, 2007

November 12, 2007

Session Start: Mon Nov 12 00:00:00 2007

Session Time: Mon Nov 12 00:00:00 2007

[05:46] {bruce} morning rt
[05:48] {Threei} Good morning
[05:50] {hawkfan4} morning vad, all
[05:50] {Threei} hawk :)
[05:50] {bruce} hi vad
[05:50] {Threei} bruce :)
[05:50] {bruce} hi hawk
[05:50] {Threei} NQ daily looks quite spectacular doesn't it
[05:50] {Threei} 200 points in 3 days
[05:51] {hawkfan4} fairly impressive
[05:52] {Threei} supports at 2150 and 2100 got cut through as if they were never there
[05:53] {Threei} Sierra Leone joined Negiria and Ivory Coast today in noble desire to grant me a whole lot of money
[05:54] {bruce} wow
[05:54] {bruce} lucky you vad
[05:54] {Threei} if nothing esle, my geography knowledge will expnad greatly thanks to all those kind people
[05:54] {Threei} ummm... but nothing can be done about my typing it seems... damaged to the point of no return
[05:55] {bruce} wolf in sheeps clothing more like
[05:56] {bruce} odd start to christmas rally so far
[05:56] {Threei} it came early this year :)
[05:56] {bruce} markets keep rising durig traditional "slow" summer peiod
[05:57] {bruce} then drop during fall traditional expansion phase
[05:57] {bruce} maybe thats it
[05:57] {bruce} tit was moved up 6 months
[05:58] {Threei} eternal Who Moved My Cheese
[05:58] {bruce} to nigeria looks like
[05:59] {dptl} good morning all
[06:00] {Threei} dp :)
[06:00] {esemde} good morning team
[06:00] {Threei} ese :)
[06:00] {Threei} GORX
[06:00] {Threei} RECEIVES FDA APPROVAL TO MANUFACTURE AND DISTRIBUTE CARPROFEN- Commonly marketed by Pfizer as Rimadyl, Carprofen is a non-steroidal anti-inflammatory drug (NSAID) that is used by veterinarians for the relief of pain and inflammation associated with osteoarthritis in dogs.
[06:03] {Threei} wierdo
[06:03] {Threei} went to 4.50 earlier, now print at 3.01?
[06:05] {Threei} OPWV MICROSOFT TO ACQUIRE OPENWAVE'S MUSICWAVE SA UNIT
[06:06] {Threei} GEOI REPORTS Q3 $0.10, R$8.6M
[06:08] {cosmo} DISH?
[06:08] {Threei} 00:04am [DISH] CitiGroup Cuts DISH to Hold from Buy
[06:09] {cosmo} hmm...k....thx
[06:09] {bruce} morning dp, ese cosmo
[06:10] {esemde} bruce
[06:10] {cosmo} "
[06:10] {Threei} there was complicated to digest piece of news on 11/09 cos
[06:10] {Threei} Communications Corp Reports Q3 $0.44 v $0.43e; R $2.79 v $2.81Be; To spin off tech and hardware business as IPO
[06:10] {Threei} -Formally announces spinoff of technology business and certain infrastructure assets as a seperate public company.
[06:10] {Threei} -The spin-off assets would include, among other things, our digital set-top box business and certain satellites, uplink and satellite transmission assets, real estate and other assets and related liabilities not considered core to our consumer business, DISH Network. In addition, a
[06:11] {Threei} In addition, as part of the spin-off ECC intends to contribute approximately $1.4B of cash and marketable and non-marketable investment securities to EHC. Final terms and timing of the spin-off have not yet been determined.
[06:11] {Threei} Guides stating "Looking ahead it may not be possible to reduce (subscriber turnover) without significantly increasing our spending on customer retention."
[06:12] {magoo} morning
[06:12] {Threei} magoo :)
[06:12] {bruce} hi magoo
[06:13] {cosmo} SDTH pre mkt high = 8.25 fwiw
[06:14] {dino} gm all
[06:14] {bruce} hi dino
[06:15] {dino} bruce :)
[06:16] {Threei} dino :)
[06:16] {dino} 3i:)
[06:19] {Threei} metals are down, oil is down, dollar is up... I take it inflation is defeated?
[06:20] {Threei} forever
[06:23] {Threei} HEARING GOLDMAN SACHS (HONG KONG) MAKING POSIVE COMMENTS ON MPEL- raises estimates and places it on conviction buy list
[06:24] {dino} drys 3/1 split
[06:25] {esemde} ETFC....anyone got news on etrade
[06:25] {cosmo} OPWV
[06:26] {Roman} ETFC E*TRADE: Loweiring 4Q EPS on higher CDO losses - Lehman (8.59 ) -Update-
[06:27] {Roman} ETFC E*TRADE: Loweiring 4Q EPS on higher CDO losses - Lehman (8.59 ) -Update-
[06:27] {esemde} tks
[06:28] {cosmo} OPWV: Microsoft says in talks to buy Musiwave
[06:28] {cosmo} at Reuters (Mon 9:21am)
[06:28] {cosmo} ... from OPWV...
[06:28] {cosmo} 3.69 hod so far
[06:29] {dino} rimm to 110 strike
[06:34] {Roman} DYII Dynacq Healthcare reports Aug quarter ended EPS of $0.22 vs. $0.08 YoY; revs increased 8% from a year ago to $10.1 mln (6.59 +0.25)
[06:37] {judi} need 3 or 4 premarket gainers and loosers?
[06:37] {esemde} NQ / S&P selling seems to have slowed Vad....maybe....any thoughts
[06:37] {dino} hl l rimm .50
[06:37] {patience} ese, think vad lost power because of high winds
[06:38] {esemde} it's blowing pretty hard right here for sure patience
[06:39] {dptl} same in Vancouver
[06:40] {dino} out rimm 112.55, +2.04
[06:40] {esemde} dp... patience...what are the wind speeds..have you heard
[06:40] {dino} wow way too soon
[06:41] {patience} very nice though dino
[06:41] {dino} ty patience
[06:41] {patience} haven't looked ese, enough to know i washed the car yesterday and i'm sure its plastered with oak leaves now
[06:42] {esemde} i can see my front lawn.....it was raked....
[06:43] {dino} 112.25 l rimm
[06:44] {dino} out 113, +.75
[06:48] {dino} l hl rimm .30
[06:50] {dino} stopped -.50
[06:53] {Roman} EGLE bouncing on daily
[06:53] {Roman} ENER kinda strong
[06:55] {Roman} WM
[06:55] {Roman} long small
[06:55] {Roman} 21.02
[06:57] {Roman} PAAS slow bouncer
[07:01] {Roman} stopped WM
[07:01] {Roman} -.12
[07:09] {Roman} market seting up for another drop
[07:15] {Roman} HOKU short watch
[07:36] {esemde} Chinese stocks seems to be bottoming out....anyone thinking that...
[07:38] {Roman} ESLR
[07:38] {Roman} short setup
[07:38] {Roman} off 13.10 small
[07:41] {cosmo} SDTH hod = 8.06 fwiw
[07:41] {cosmo} needs to hold 7.70
[07:43] {esemde} my daily highs window is going nuts....
[07:44] {esemde} market turnaround per chance....for christmas
[07:45] {cosmo} watching santa claus lane ...just in case
[07:45] {dino} lol
[07:46] {esemde} definately!~
[07:49] {cosmo} SDTH hod = 7.97 ...it now seems
[07:50] {cosmo} ...post open
[08:13] {dino} avtr, but thin
[08:39] {esemde} I tried to call Vad at home Patience...but i guess his phone must be out also
[08:50] {Roman} must be a serious storm?
[08:52] {bruce} he's on way to nigeria folks
[08:52] {Chaeron} Niagra or Nigeria?
[08:53] {bruce} nigeria
[08:53] {bruce} then ivory coast
[08:53] {bruce} pick up his winnings
[08:53] {Threei} hey guys
[08:53] {Chaeron} :P
[08:54] {bruce} wow
[08:54] {patience} thought you were down at the dock vad....
[08:54] {bruce} speak of the devil
[08:54] {Threei} lol, I wish
[08:54] {bruce} you calling from the plane vad?
[08:54] {Threei} [11:53] {Threei} lol, I wish
[08:54] {bruce} I just told them you were enroute to nigeria
[08:54] {magoo} hi vad
[08:54] {Threei} serious power outage
[08:54] {bruce} we've missed you
[08:55] {bruce} even dinos going light on his trading
[08:55] {Threei} did I miss something significant?
[08:55] {Chaeron} just you not being here is significant
[08:55] {Threei} ah thank you
[08:55] {Chaeron} sorry you missed it tho
[08:56] {Threei} lol
[09:00] {dino} jrjc drop
[09:01] {Threei} DIVX
[09:01] {Threei} 1.10 long with stop under 10
[09:02] {magoo} HUH?
[09:02] {Threei} grrr
[09:02] {Threei} 18.10 long with stop under 18
[09:03] {esemde} tried to call Vad.....see if you needed anything but i guess thephones goes out as well...
[09:03] {Threei} thank you
[09:04] {Threei} sometimes it works during outage, sometimes doesn't
[09:04] {esemde} thats odd
[09:04] {Threei} depends on whether Shaw backup is affected
[09:05] {esemde} I thought patience and I were going to be in the same boat over here by the water
[09:05] {Threei} yeah, I phoned bc hydro from my cell,
[09:05] {Threei} message said 0ver 85,000 customers are without power and new reports continue coming
[09:06] {Threei} so sit tight and wait
[09:06] {esemde} THANKS FOR THAT....
[09:06] {Threei} I thought I would be without power for couple days after that message lol
[09:06] {esemde} at least with the new gas stove well have hot meals
[09:07] {Threei} ahha
[09:07] {esemde} you'd be using your barbecue
[09:07] {Threei} nah, I will go to your place
[09:07] {esemde} done....
[09:07] {Threei} :)
[09:08] {Threei} come on DIVX, move
[09:15] {Threei} DIVX 1:1, half out, scalpers feel free to take profit
[09:16] {Threei} judi, looks dcc please
[09:23] {Threei} what's with solars?
[09:24] {magoo} major study release vads
[09:24] {Threei} Sun is not shining anymore according to it?
[09:25] {magoo} discovered rthat a solar eclispe has negative affects upon solar energy
[09:26] {Threei} UPDATE: SOME OF RECENT WEAKNESS IN SOLAR SECTOR BEING ATTRIBUTED TO RISING CONCERNS THAT CONGRESS MAY MOVE FORWARD ON THE ENERGY BILL WITHOUT INCLUDING RENEWAL OF SOLAR TAX CREDIT
[09:26] {Threei} - a Think Equity analyst said today that this chatter emerged on Thursday and may explain some of the turnabout in prices of solar stocks.{ESLR
[09:26] {Threei} but I like your version better magoo
[09:28] {Threei} DIVX balance stop .09
[09:29] {Threei} wow... e-trade collapse threat?
[09:36] {Threei} out DIVX in full
[09:36] {Threei} +.30
[09:36] {Threei} +.40, sorry'
[09:36] {magoo} nice vad, ty
[09:37] {Threei} welcome
[09:37] {Threei} good to be back
[09:37] {Threei} (even though I am ignored as usual)
[09:38] {bruce} lol - nice trade vad
[09:38] {Threei} ty
[09:38] {Threei} you took it?
[09:38] {bruce} no - missed due to urgent appointment w bladder
[09:41] {bruce} jpm - any read?
[09:42] {hawkfan4} DIVX nice vad, thx
[09:42] {Threei} no confidence... intraday looks like all day continuation but daily opbjects
[09:42] {Threei} welcome hawk
[09:43] {bruce} K - thanks
[09:50] {bruce} apol dino
[09:54] {dino} nah
[09:56] {dino} need bottom on rimm
[09:59] {bruce} hard to read rimm
[09:59] {bruce} double bottom here but looks like it wants to go lower still
[10:05] {Threei} NQ dropped about 15 ;points, DIVX stays at support
[10:05] {Threei} quite possible not done yet
[10:06] {bruce} you think divx may be a pullback entry at these levels vad?
[10:08] {Threei} it may... what I'd like to see for entry is,
[10:08] {bruce} aapl dino
[10:08] {Threei} stabil,izing with clear support and resistance,
[10:09] {Threei} then break of this resistance with NQ reversal
[10:09] {bruce} k - thanks vad
[10:10] {dino} risky, sm l rimm 104.75
[10:12] {dino} drys death
[10:14] {bruce} you caught rimm within 15 c of bottom
[10:14] {bruce} amazing read dino
[10:21] {dino} just lucky bro
[10:21] {bruce} lool - don't think so
[10:21] {bruce} congrats
[10:25] {dino} :)
[10:26] {bruce} drys l about here dino?
[10:28] {dino} stop to .98
[10:29] {dino} to .29
[10:29] {dino} stopped 106.29, +1.54
[10:31] {bruce} stopped drys
[10:31] {dino} they're messing w/drys lately
[10:31] {bruce} I entered - its to be expected
[10:32] {dino} 1/3 of its price gone in a week
[10:32] {bruce} 24c slippage - that sucks
[10:33] {bruce} crox drooped nearly by 1/2 in a week after showing nice uptrend
[10:33] {bruce} lots of long term traders got squashed there I bet
[10:34] {dino} oh yeah
[10:34] {dino} rimm, grmn too
[10:36] {bruce} yeah - the big boys
[10:36] {bruce} perfect for the kind of plays you do though dino
[10:38] {dino} yes
[10:39] {dino} fmcn drop
[10:41] {magoo} aapl bounce vad?
[10:42] {Threei} feels more like short to me
[10:42] {Threei} with NQ continuation down of course
[10:46] {bruce} \nice christmaqs rally oday
[10:49] {dino} fmcn l .00
[10:50] {bruce} stop to .50 dino?
[10:50] {dino} out .44, +.44
[10:50] {Threei} magoo... from what I observe, AAPL leads NQ today a l.ittle, instead of lagging
[10:51] {Threei} can't use NQ as indicator for it
[10:51] {dino} opps, yeah bruce, but out already
[10:51] {magoo} u got a read on rimmmvasd
[10:51] {bruce} yeah - see that
[10:51] {bruce} didn't get chance to enter
[10:51] {bruce} glad it worked ok
[10:53] {Threei} RIMM is short on bounce
[10:53] {Threei} no wau to pinpoint exact entry
[10:54] {Threei} moves 50 cents while I type
[10:54] {bruce} 104.75 or so vad?
[10:55] {bruce} w swtop to 105.25?
[10:55] {Threei} can't tell like this bruce, depends on what NQ does at the time
[10:55] {Threei} this is highly liquid situation, changes on a dime
[10:55] {bruce} k
[10:57] {Threei} bounce feel in the air
[11:00] {Threei} NQ break of 2020 should set bounce in motion
[11:04] {Threei} long RIMM
[11:04] {Threei} got .31, stiop under 103
[11:05] {Threei} out half
[11:05] {Threei} +.69
[11:06] {Threei} out flat
[11:06] {bruce} well done vad
[11:06] {Threei} a bit greedy ain't I
[11:07] {bruce} too fast for me on that one
[11:07] {bruce} don't think so
[11:07] {bruce} could have moved much higher if bounce took
[11:09] {Threei} anyone missed wisdom from above?
[11:09] {dino} cpla\
[11:10] {Threei} US ASSISTANT ENERGY SECRETARY HARBERT: US DOES NOT KNOW EXACTLY WHAT OIL PRICE WILL AFFECT THE ECONOMY- Says OPEC is 'very concerned' about Crude prices, US has received no commitment from OPEC to raise output
[11:12] {dino} inwk
[11:13] {dino} too fast
[11:18] {bruce} taking a break
[11:21] {Threei} magoo
[11:21] {Threei} can play RIMM off AAPL
[11:22] {Threei} AAPL leads by window large enough for scalp entry
[11:22] {dino} cpla hl l .69
[11:22] {dino} wide
[11:22] {magoo} watchin vad
[11:24] {Threei} see? :)
[11:24] {Threei} perfect scalp with nice delay
[11:25] {Threei} short time now
[11:25] {Threei} there... quick 40 cents
[11:27] {Threei} missed long this time
[11:29] {Threei} ugh
[11:29] {Threei} gotta be quick on this type
[11:30] {magoo} long or short here?
[11:30] {Threei} RIMM gave nice entry point, I just fell into coma at the moment
[11:30] {Threei} watching
[11:30] {Threei} long still
[11:32] {Threei} AAPL losing it now
[11:32] {Threei} and here follows RIMM
[11:33] {Threei} observe their tie, get a feel for the delay and according size of the moves, don't count on my running commentary, it happens too quick
[11:49] {esemde} Signing off...see you all tomorrow
[11:49] {Threei} take care ese
[11:49] {esemde} see ya Vad ...hopefully we have electricity tomorrow.
[11:54] {Threei} fess up time for magoo... how many litres of adrenalin during last 20minutes?
[11:56] {Threei} I am dropping this pair for now, delay window has closed up
[11:56] {bruce} say Vadster -
[11:56] {bruce} you think you could find something with a bit less adrenaline for me and mags to close off day?
[11:57] {Threei} if it comes along
[11:57] {bruce} lol
[11:57] {bruce} figures
[11:57] {Threei} as one of my favorite authors says,
[11:57] {Threei} There will be water if God wills it
[11:57] {cosmo} DIVX again?
[11:58] {Threei} quite possible, holding rather well
[11:58] {bruce} I can only handle so many adrenaline plays a day
[11:59] {Threei} .50 is DIVX support
[11:59] {cosmo} should hold 18.55 ... needs to hold .50
[11:59] {Threei} worth a try
[12:01] {dino} cpla stopped .35, -.34
[12:01] {dino} back in 10
[12:02] {Threei} this market drop is a perfect test for DIVX
[12:03] {bruce} are you waiting for a .76 entry in divx vad?
[12:03] {Threei} no, a bit too far
[12:03] {Threei} just want to see market reversing
[12:03] {Threei} want it as close to .50 as possible
[12:04] {bruce} k
[12:05] {Threei} in .65
[12:05] {Threei} .49 stop
[12:05] {Threei} it just won't pullback any
[12:05] {Threei} and upticks with each NQ bounce
[12:21] {Threei} stop to .59
[12:26] {Threei} grrr
[12:27] {Threei} was ready for final step to 1:1 when NQ dumped again
[12:27] {bruce} geesh
[12:28] {bruce} kicks divx
[12:28] {bruce} sorry vad
[12:28] {bruce} jinxed you
[12:29] {dino} hl l tbsi .50
[12:29] {Threei} 7 cents... I can live with it
[12:32] {Threei} watchRIMM for short if NQ dives off 2010
[12:32] {Threei} got .99
[12:33] {Threei} 103.21 stop
[12:36] {dino} out tbsi .98, +.48
[12:36] {Threei} out flat
[12:36] {Threei} too unclear
[12:38] {bruce} quick reflexes vad
[12:38] {bruce} I took the stop
[12:39] {Threei} I trade it in and out in a very quick sequences bruce
[12:39] {Threei} just can't post them
[12:39] {Threei} grabbed two longs since then
[12:40] {Threei} missed this short... too bad
[12:41] {bruce} you were right about short
[12:41] {bruce} stop was just a bit too tight
[12:41] {Threei} well... two ways to play them
[12:41] {Threei} tighter stops, reenter on new signal
[12:42] {Threei} or wider stop aand go for bugger moves, dino's way
[12:42] {bruce} yes
[12:42] {Threei} bigger
[12:42] {bruce} trying to learn how to do those plays
[12:42] {bruce} they really move fast
[12:45] {Threei} interested in BIOS, gotta keep it on watch tomorrow
[12:47] {dino} pulp baby
[12:47] {bruce} lol -
[12:48] {bruce} bugger moves
[12:48] {Threei} lol
[12:48] {bruce} ype that qbout describes them vad
[12:48] {Threei} no kidding
[12:48] {bruce} how many trades you do in average day dino?
[12:50] {dino} 10\
[12:50] {Threei} EU'S JUNCKER: TIME HAS COME FOR FINANCE MINISTERS TO STOP PUBLIC COMMENTS ON FX - WIRE HEADLINE
[12:50] {dino} 10 rounds
[12:50] {Threei} but inquiring minds want to know?
[12:51] {bruce} k- was guessing it was closer to 20
[12:51] {bruce} just curious
[12:52] {Threei} 9.53 is long tyrigger for BIOS for tomorrow
[12:52] {dino} depends on the type day, fridays more because its scalp day, today only 8
[12:52] {dino} no set rule
[12:53] {Threei} 16 for me today... a bit high considering that I missed almost half of the day
[12:53] {Threei} RIMM mesmerized me
[12:53] {dino} ditto
[12:53] {dino} i was waiting at 99.60
[12:54] {Threei} sheesh
[12:54] {bruce} lots of money to be made if a person can learn to trade plays like that
[12:54] {Threei} 11 trades on RIMM
[12:54] {Threei} 9 wins, 2 losses
[12:54] {bruce} I just can't read them fast enough
[12:54] {bruce} and usually get mailed when ai try
[12:54] {magoo} i lost my ass on rimm
[12:54] {dino} 4 for me, 1 loss
[12:54] {dino} you missed my first, 2 points
[12:55] {Threei} I wouldn't be able to hold that long anyway
[12:55] {Threei} :)
[12:55] {bruce} nice stats gusy
[12:55] {bruce} I hae 1 win 4 losses
[12:56] {dino} watch them take it to 220 by friday
[12:56] {dino} 120 i mean
[12:56] {dino} wow bidu 303
[12:57] {Threei} BIDU is close to serious support
[12:57] {dino} going under 300 imo
[12:57] {dino} 125 points down +/-
[12:57] {dino} that has to hurt
[12:58] {cosmo} DIVX strong close
[12:58] {Threei} it's interesting on a quick dive under 300,
[12:58] {Threei} cefrtainly buy at 250,
[12:58] {Threei} and sell your kids and buy all you can at 200
[12:59] {dino} already sold the kids
[12:59] {dino} lol
[12:59] {Threei} make more
[12:59] {Threei} and sell
[12:59] {dino} nooooooo
[12:59] {Threei} BIDU at 200 will be worth it
[13:00] {bruce} thats what people said about internet stocks vad
[13:00] {bruce} can't possibly kee;p dropping
[13:00] {Threei} :)
[13:00] {Threei} OK guys, forecast is good, storm goes away... shouldn't be any troubles nearest time
[13:00] {Threei} thank you all, have a good evening
[13:00] {Threei} see you tomorrow
[13:00] {dino} calling it a day, thx all
[13:01] {bruce} see you all in am
[13:01] {bruce} take care all