RealityTrader Trading Log

Monday, November 19, 2007

November 19, 2007

Session Start: Mon Nov 19 00:00:00 2007

Session Time: Mon Nov 19 00:00:00 2007

[05:40] {Threei} Good morning RT
[05:41] {Threei} dumped CSIQ 17.99... not the profit I had in mind but since no good size gap better get out now and see if there is a play in it later
[05:41] {BillyD} it tried right at open
[05:41] {BillyD} good morning
[05:41] {Threei} hi :)
[05:49] {cosmo} BD:) .....ASU still gotta chance?
[05:51] {BillyD} for Rose Bowl yes
[05:51] {BillyD} BCS title not so sure
[05:51] {cosmo} BCS needs a playoff ...
[05:51] {Threei} what was that on CSIQ
[05:52] {cosmo} i just worry about USC
[05:52] {cosmo} ...sometimes
[05:54] {BillyD} yeah...never know
[05:55] {dptl} good morning all
[05:57] {Threei} dp :)
[06:00] {Threei} [CSUN] China Sunergy Announces Agreements with Canadian Solar
[06:00] {Threei} - Agreements with Canadian Solar are for a total volume of 25MW of solar cells for 2008. Under the Agreements, China Sunergy will supply approximately 12MW and 13MW of solar cells to Canadian Solar in the first and second half of the year respectively.
[06:00] {Threei} - The Agreements will be denominated in both Chinese yuan and US dollars, with approximately 24% of the volume being based on fixed pricing terms and the remainder being determined on a quarterl
[06:02] {esemde} good morning RT's...
[06:02] {Threei} ese :)
[06:07] {BillyD} Hi ese, dp
[06:13] {esemde} morning billy bruce dp hawk jm patience
[06:15] {bruce} hi ese
[06:15] {Threei} bruce :)
[06:16] {patience} morning ese and RT :)
[06:16] {bruce} hi vad
[06:16] {Threei} patience :)
[06:18] {patience} vad :)
[06:20] {BillyD} Vad, watching any one stock in particular at open
[06:21] {Threei} there are no clear candidates at this point... CSIQ is certainly on a radar
[06:21] {Threei} but this is not a breakout stock by any means
[06:21] {BillyD} ok..I have BIDZ with a gap
[06:21] {Threei} rather deep pullback stock
[06:23] {BillyD} see no news on BIDZ
[06:24] {Threei} nope
[06:24] {cosmo} 18.4 hod ..so far
[06:25] {cosmo} CSIQ pre mkt high = 18.49
[06:26] {hawkfan4} 19-Nov-07 07:19 ET In Play Bidz.com profiled in New America section of IBD (16.85 )
[06:26] {BillyD} thx hawk
[06:27] {hawkfan4} np :)
[06:27] {Threei} hawk :)
[06:27] {hawkfan4} morning vad, all
[06:28] {esemde} hawk
[06:29] {bruce} hi hawk
[06:30] {hawkfan4} bruce, ese :)
[06:31] {Threei} ALTI?
[06:31] {BillyD} I see nothing
[06:31] {Threei} FSLR strength
[06:32] {Threei} let's see if CSIQ bottoms out and folllows the suit
[06:32] {Threei} pulled back into 18
[06:32] {cosmo} DISH
[06:32] {cosmo} CNBCmention
[06:37] {Threei} ESLR .95 break long if stays above .80
[06:39] {Roman} ZIXI
[06:39] {Roman} long
[06:39] {Roman} 3.67
[06:43] {Threei} getting interested in CSIQ for bounce
[06:44] {BillyD} no real feel for me on CSIQ so far
[06:44] {Threei} in
[06:44] {Threei} stop under .50
[06:46] {Threei} LUNA interesting chart... low volume
[06:46] {Roman} VRSN strong
[06:47] {Roman} sqeezer
[06:48] {Threei} half out CSIQ +.40
[06:49] {BillyD} nice one
[06:50] {esemde} Bstop MCRL .81
[06:50] {Threei} LUNA feels like aiming for 8... very tough read because of low volume
[06:52] {esemde} l MCRL .78
[06:53] {esemde} decent fill
[06:55] {esemde} out .97 +.20
[06:57] {esemde} nice call on LUNA vad ,,,could very well make 8
[06:57] {Threei} yeah... had to enetr on pure faith though
[06:57] {BillyD} lol
[06:58] {esemde} how are feeling about CSIQ
[06:58] {esemde} possible long at .20
[06:58] {Threei} same... deep pullbacks are for entry
[06:58] {Threei} don't buy breaks on it
[07:01] {esemde} done
[07:04] {Threei} FSLR spike
[07:05] {Threei} likely to take CSIQ with it
[07:06] {BillyD} no new entry on it right?
[07:07] {cosmo} mcrl
[07:07] {cosmo} 9 break
[07:08] {Threei} no, not on breaks
[07:08] {cosmo} i c
[07:08] {Threei} this is anticipatory kind of trading
[07:08] {Threei} no cosmo, I am talking about CSIQ
[07:08] {BillyD} got it
[07:10] {Threei} it does same thing as on Friday
[07:11] {BillyD} seems so
[07:11] {Threei} breaks are impossible to trade on it since it spikes vertically into high, breaks and immediately drop under all supports
[07:12] {Threei} there it consolidates, slows down, sits for a while, tyhen spikes again
[07:13] {BillyD} we need some holidya trades
[07:13] {BillyD} crazy momo
[07:13] {Threei} [MCRL] Micrel, Incorporated Sign multi-million Contract With Commercial Solar Cell Company
[07:13] {Threei} -To supply commercial solar cells. Micrel's unique processing capability enables the creation of the highest efficiency solar cells presently available. The partnership will involve the manufacturing and supply of concentrated solar cells while supporting world wide environmental efforts and corporate 'Green' initiatives.
[07:14] {Threei} not fresh
[07:14] {cosmo} sounds like a slam dunk tho
[07:19] {BillyD} Vad...you like MCRL if .10 gets eaten
[07:20] {BillyD} in .11
[07:20] {Threei} looks strong and steady
[07:28] {BillyD} out here....27, .33 and earlier .22
[07:29] {Threei} nice one
[07:29] {BillyD} ty...
[07:32] {Threei} RUSSIAN DEP FIN MIN SUSPECTED OF $43M EMBEZZLEMENT SCHEME - WIRE HEADLINE CITING PROSECUTOR GENERAL OFFICEReminder: 11/16 Fin Min was arrested on undisclosed charges
[07:34] {BillyD} does he have a stock symbol to short
[07:34] {BillyD} slim pickings so far
[07:38] {esemde} big pullback on CSIQ...
[07:39] {esemde} would this qualify as pullback entry VAd
[07:39] {Threei} closwr to 17 I would feel safer
[07:46] {esemde} good call vad...trying to push down to .10
[07:47] {Threei} will try to bid under 17
[07:47] {Threei} too optimistic maybe...
[07:47] {Threei} but I'd rather miss this stock than enter too soon
[07:48] {Threei} brutal one
[07:48] {esemde} indeed
[07:48] {Threei} lol
[07:49] {Threei} IMMU?
[07:49] {Threei} no news that I see
[07:51] {esemde} me either..
[07:52] {Threei} YHOO 27.06 long if holding above 27
[07:55] {BillyD} FINL
[07:55] {BillyD} crazy spike
[07:56] {Threei} no news on wires so far
[07:57] {BillyD} ty
[07:58] {Threei} RIMM bounce candidate
[07:58] {Threei} with NQ recovery
[07:59] {Threei} in
[07:59] {Threei} got .60
[08:00] {Threei} half out
[08:00] {BillyD} nice
[08:00] {Threei} +.39
[08:00] {BillyD} no time to hesitate on entry
[08:00] {Threei} no
[08:00] {Threei} CSIQ under 17... still can't find clear entry
[08:01] {Threei} out second half RIMM+.70
[08:02] {Threei} dp will of course get 2 points
[08:02] {esemde} gonna go long small 1/3 lot here.....give this a try
[08:02] {Threei} CSIQ ese?
[08:02] {esemde} yes......
[08:04] {esemde} bstop .98
[08:05] {esemde} forget that.....
[08:05] {Threei} RIMM under 105 again
[08:05] {Threei} in
[08:06] {Threei} out -.2-
[08:06] {Threei} .20
[08:06] {Threei} too early
[08:07] {BillyD} you know where you stand rather quickly w/ RIMM
[08:07] {BillyD} VAD any thoughts on ESLR short off 13
[08:08] {Threei} missed under .50, wasn't sure, RIMM
[08:08] {Threei} if NQ continues down
[08:08] {Threei} ESLR pretty much became market follower lately
[08:09] {BillyD} short at 13...w/ .11 stop
[08:10] {BillyD} it held .80 tough the other day
[08:12] {Threei} CSIQ, .87 long if holding above .70
[08:12] {Threei} invalidated, wants even lower
[08:12] {Threei} but become intriguing at these levels
[08:15] {Threei} TREASURY SEC PAULSON: STRONG USD IN NATION'S INTEREST, ECONOMY WILL CONTINUE TO GROW
[08:15] {Threei} sigh
[08:16] {Threei} sheesh
[08:16] {Threei} can't believe I missed this RIMM dive
[08:20] {BillyD} out eslr
[08:20] {BillyD} -.13
[08:21] {esemde} hmmmmm power went out...i'm back....you long CSIQ VAd
[08:23] {Threei} I took scalp
[08:23] {Threei} .80 - 17.05
[08:23] {Threei} can
[08:23] {Threei} t bring myself to hold it for bigger move, this stock scares the living daylight out of me today
[08:24] {esemde} i've missed it then
[08:24] {Threei} can't even make myself call it with any degree of confidence
[08:50] {Threei} MOGN long .27
[08:50] {Threei} .09 stop
[08:52] {Threei} DISH
[08:52] {Threei} TICKS TO NEW HIGHS AFTER THESTREET.COM REPORTS NEAR A DEAL WITH AT&T
[08:56] {Threei} MOGN 1:1
[08:57] {BillyD} was stop .09 or .19
[08:57] {Threei} .09
[08:58] {Threei} still is, haven't trailed it
[08:58] {BillyD} didn't see it quite hit 1:1
[08:58] {BillyD} just clarifying
[08:58] {Threei} no, sorry, I meant 1:1 play
[08:59] {BillyD} ok
[08:59] {BillyD} was sending u a calculator for xmas...:)
[08:59] {Threei} please do
[08:59] {Threei} when it comes to math I need all the help I can get
[09:00] {Threei} and if you have spellchecker, consider it oo :)
[09:00] {BillyD} by the time you punch numbers into calc....you miss exit
[09:01] {BillyD} messing around with it
[09:02] {Threei} DISH is not a done deal, right?
[09:02] {Threei} just a report that it's likely
[09:03] {BillyD} not sure
[09:03] {Threei} MOGN stop to .14
[09:07] {cosmo} mcrl needs to hold 9.20 imo fwiw
[09:07] {bruce} can't see where the initial .09 stop came from in that vad
[09:07] {Threei} NQ is likely to rweverse upward here
[09:07] {Threei} RIMM shouldf follow
[09:08] {Threei} 11:45 bruce
[09:08] {Threei} from that moment on .10 became support
[09:10] {bruce} k - see it now - didn't really recognize that as a support level on my chart
[09:11] {Threei} if you got RIMM close to 106, look to exit on this spike, IMO
[09:11] {Threei} here it comes
[09:11] {dptl} long at 105.84
[09:12] * Threei slaps dptl around a bit with a large trout
[09:12] {Threei} beat me by 22 cents on entry, I got it at 106.06
[09:12] * Threei counts on BillyD to tell if 22 cents is correct
[09:13] {Threei} oh, and I am out at .65
[09:13] {BillyD} yup
[09:13] {Threei} let;s see by how much you beat me on exit
[09:14] {Threei} sharp downtick NQ
[09:14] {BillyD} Laserdave see dcc
[09:15] {Threei} stopped MOGN
[09:18] {Threei} SPAR
[09:18] {Threei} CEO: EXPECTS 36% INCOME GROWTH IN 2008
[09:18] {Threei} - sees 5-15% growth in 2008 Ambulance sales; Fire truck sales flat to down 3%
[09:24] {bruce} ED VAD - ANY READ?
[09:24] {bruce} sorry about caps
[09:24] {Threei} worth a try with .54 stop
[09:24] {Threei} slow one
[09:25] {bruce} thanx
[09:32] {Threei} interesting daily LNUX
[09:36] {Threei} ese, you ever found guts to enter CSIQ?
[09:39] {BillyD} Vad...were you able to see a RIMM play here w. the NQ uptick
[09:39] {BillyD} now downtick
[09:40] {esemde} hi Vad yes....i'm in half lot...at .25
[09:40] {esemde} stop at 17
[09:41] {esemde} decided to wait until it broke resistance at .20
[09:41] {esemde} on the way back up....we'll see...depends on NQ{ s&p ETC
[09:44] {Threei} no Billy, not really
[09:44] {BillyD} ty
[09:44] {Threei} it's somewhat disconnected last 30 min or so
[09:44] {BillyD} well...I guess I am reading it correctly then
[09:45] {BillyD} does it seem to work better with extreme moves....sell offs for bounce, etc
[09:46] {Threei} very much so
[09:46] {Threei} best situation is when NQ stages extreme move and RIMM gives a delay
[09:47] {BillyD} it's almost like RIMM continues down a bit more when NQ jumps up
[09:47] {BillyD} with the delay for better entry
[09:47] {Threei} exactly
[09:47] {Threei} it tends to overshoot NQ a little bit
[09:49] {BillyD} Vad...do you have a daily NQ chart up
[09:49] {Threei} yes
[09:49] {BillyD} and intraday
[09:49] {Threei} yes, 1 min
[09:50] {Roman} CSUN
[09:50] {Roman} spike don't see news
[09:50] {esemde} Have a great rest of the day everyone.
[09:51] {bruce} bye ese
[09:51] {Threei} take care ese
[10:00] {Threei} *NOV NAHB HOUSING MARKET INDEX: 19 V 17E
[10:15] {bruce} taking break
[10:16] {bruce} see you all
[10:16] {BillyD} cya bruce
[10:27] {Threei} CIEN becomes a bounce candidate
[10:28] {Threei} half lot long .55
[10:31] {BillyD} out w/ about .15 scalp...thx
[10:31] {Threei} :)
[10:31] {BillyD} wasn't sure of stop area
[10:31] {BillyD} unless low of day
[10:32] {Threei} it pretty much bottomed out at about .35
[10:32] {Threei} a few qyuick low prints were pure panic
[10:33] {Threei} out .90
[10:34] {BillyD} wtg
[10:35] {Threei} hmmm CSUN
[10:36] {Threei} not shortable
[10:36] {Threei} too bad
[10:36] {BillyD} yaeh..it usually falls back
[10:37] {Roman} i think there is something behind this CSUN move
[10:37] {Threei} looks like
[10:37] {Threei} more sustainable than usual
[10:37] {Roman} other solars are not moving
[10:45] {Threei} short RIMM on this bounce
[10:46] {Threei} stop above 106
[10:46] {Threei} got .69
[10:47] {BillyD} with you
[10:48] {Threei} come on NQ, give up
[10:49] {Threei} and lose 2020
[10:52] {Threei} stubborn thing
[10:52] {BillyD} yeah
[10:53] {Threei} finally
[10:53] {Threei} half out
[10:53] {BillyD} cov'd .43
[10:53] {Threei} .30
[10:53] {Threei} +.39
[10:53] {Threei} took considerable math efforts
[10:54] {BillyD} lol
[10:54] {Threei} .75 stop
[10:54] {BillyD} I cov'd 1/2 around even after pop up and NQ was popping up more
[10:55] {Threei} lose 2020 NQ
[10:55] {Threei} I want under 105
[10:56] {BillyD} should work now
[10:56] {Threei} still kicking
[10:56] {Threei} even though shouldn't
[10:57] {BillyD} not my fault anymore...I'm out....lol
[10:57] {Threei} wants me to work for my money... if I wanted that I'd become a plumber
[11:01] {Threei} beautiful
[11:01] {Threei} out .86
[11:01] {Threei} 69 + 14
[11:01] {Threei} +. 83
[11:02] {BillyD} very nice
[11:02] {Threei} you mean my math sakills no doubt
[11:02] {BillyD} wait...let me check
[11:02] {Chaeron} and typing/spelling skills
[11:02] {Threei} ah those
[11:07] {Threei} I think I need a keyboard with keys twice as big... somehow they all seem to touch one another and produce two letters instead of one
[11:22] {Threei} time for NQ to pullback
[11:23] {Threei} great missed RIMM short while typed that, lol
[11:24] {Threei} OK{ this spike
[11:25] {Threei} shorted
[11:27] {Threei} stopped, too strong still
[11:29] {Threei} second try
[11:29] {Threei} covered 107.75
[11:30] {Threei} +.29
[11:30] {Threei} am I fighting the trend or what
[11:31] {BillyD} I tried at 108 on bounce upand ended up stopping 108.15
[11:32] {BillyD} NQ keeps popping up on pb
[11:32] {Threei} short once again
[11:32] {Threei} should get something more decent this time
[11:33] {Threei} half out .68
[11:33] {Threei} stop above 108
[11:35] {Threei} come on NQ, 25 points bounce deserves a pullback finally, no?
[11:35] {Threei} {NQ} you pull back
[11:36] {BillyD} kick it
[11:36] {Threei} you think violence is the answer?
[11:36] {Threei} out
[11:36] {BillyD} no...it's kicking harder right now
[11:36] {Threei} +.30 and -.05
[11:36] {Threei} lol, by you violence is the answer only when you are stronger, right?
[11:37] {Threei} (not that I disagreed with that)...
[11:37] {BillyD} yes.....must know your limitations
[11:38] {BillyD} it's like....ok RIMM I can't seem to time my entries properly so I'll just back away for the moment
[11:39] {Threei} I hav e impression that last entries were against the grain and I made money onl;y thanks to natural volatility
[11:39] {Threei} just quickly exiting when it jumped around and appeared in profitable zone
[11:39] {BillyD} lucky
[11:40] {BillyD} where's dino...hehe
[11:40] {Threei} :)
[11:46] {Threei} UPDATE: NEEDHAM INITIATES CRDC WITH BUY, PRICE TARGET: $10
[11:50] {Threei} keep an eye on CRDC, it's a dangerous one but a mover when catches attention
[11:50] {Chaeron} Needham - decent firm
[11:50] {BillyD} when did that upgrade come out?
[11:50] {Threei} 14:45 on wire
[11:50] {Threei} that's what got my attention Chaeron, thanks for confirmation
[11:51] {Chaeron} yeah... reputable
[11:51] {Threei} not some boutique with no slightest idea
[11:51] {BillyD} thx...
[11:51] {BillyD} or paid pvt research firm
[11:55] {Threei} paid in those same shares they will dump on you if you believe their upgrade and buy
[11:55] {Threei} embodiment of conflict of interest
[11:56] {Threei} but of course that never happens... right?
[11:56] {BillyD} never
[11:57] {BillyD} den of thieves
[11:57] {BillyD} amongst thieves
[11:58] {Threei} ah come on Billy, we are just on a wrong side of business :)
[11:59] {bruce} I think billy pegged them pretty well
[11:59] {BillyD} well Vad....it is just part of the rules in trading....anything goes
[12:05] {dptl} 15 trades rimm today total points profit :+1.10 so far
[12:06] {Threei} well done
[12:06] {dptl} tnx learning
[12:06] {BillyD} nice dp
[12:08] {Chaeron} LAserDave - dcc
[12:09] {BillyD} if you get him...ask him to see mine
[12:09] {Chaeron} oh great......
[12:10] {BillyD} lol
[12:13] {Threei} CRDC maybe has it in itself... watching
[12:15] {Threei} dp, one word of caution if I may
[12:15] {Threei} do not consider RIMM your personal ASTM from now on and forever
[12:15] {Threei} ATM
[12:16] {Threei} they adopt readable patterns, then lose the tune
[12:16] {Threei} and if you don't spot the moment, you continue playing them by old rules which they do not obey anymore
[12:16] {dptl} yep as long as i can read it
[12:16] {Threei} it can happen even within a single day for a while
[12:17] {Threei} so gotta check for the following all the time
[12:19] {dptl} morning was ugly for me and then everything start working out
[12:34] {Threei} in CRDC
[12:36] {Threei} TREASURY'S STEEL: GLOBAL ECONOMY IS STRONG, US FUNDAMENTALS ARE HEALTHY
[12:36] {Threei} - Says housing decline is the most significant risk to the US economy, as US foreclosure rate is to remain elevated over the next 18 months
[12:36] {Threei} buyers have responsibility to understand mortgages, and mortgage providers must offer understandable information --- what a novel concept
[12:41] {Threei} RIMM level of interest for long again
[12:42] {Threei} +.49
[12:42] {Threei} come on CRDC, break 8
[12:47] {Threei} wanted RIMM around 106 this time... I guess I wanted too much
[12:48] {Threei} CRDC baby
[12:49] {Threei} offering 8.25, won't let it lose 8 on me, too close to eod
[12:50] {Threei} OK, out
[12:51] {Threei} too bad, if it had 1 hor mopre I'd get my 8.25 :)
[12:51] {Threei} worth watching tomorrow
[12:52] {Threei} sneaky thing, I like the way it quietly went up
[12:52] {BillyD} sneaky needham
[12:52] {Threei} lol
[12:52] {Threei} I like it
[12:53] {BillyD} good reads today Vad....
[12:53] {Threei} ty
[12:53] {Threei} not too active day
[12:53] {BillyD} no...but you are seeing very clearly
[12:55] {Threei} 3 eyes, you know...
[12:55] {BillyD} throw a blind man a cane...eh
[12:55] {Threei} (I know that's what cosmo was going to say, so I said it first)
[12:56] {Threei} argh, missed CSIQ diving to 16
[12:56] {Threei} OK guysd, thank you all
[12:56] {BillyD} ty
[12:56] {Threei} have a good evening, see you tomorrow
[13:01] {dptl} have a good evening see ya tomorrow all