November 27, 2007
Session Start: Tue Nov 27 00:00:00 2007
Session Time: Tue Nov 27 00:00:00 2007
[05:31] {Threei} [BIDZ] Bidz.com Has Record Holiday Weekend; Updates Guidance
[05:31] {Threei} - Announced that sales during the Thanksgiving holiday weekend, from Friday to Sunday were up 78% over last year.
[05:31] {Threei} - Guides Q4 R $56-58M v 56Me
[05:31] {Threei} - Guides FY07 Rev $180-182M v $181.3Me
[05:31] {Threei} - Guides FY08 Rev $225-230M v $229.7Me
[05:31] {BillyD} morning Vad
[05:33] {Threei} billy :)
[05:36] {Threei} TIVO: NBC UNIVERSAL CONFIRMS PARTNERSHIP WITH TIVO ON ADVERTISING AND RESEARCH SOLUTIONS- reported by WSJ earlier
[05:58] {cosmo} ATVI: Activision Raises Third Quarter and Fiscal Year 2008 Outlook Marking Record Results for the Company
[05:58] {cosmo} Business Wire (Tue 6:30am)
[05:58] {bruce} morning all
[05:59] {BillyD} morning bruce, cosmo
[05:59] {cosmo} BD:)
[05:59] {Threei} bruce, cosmo :)
[05:59] {cosmo} br, 3i:)
[06:01] {cosmo} ATVI pre mkt high = 20.89 fwiw
[06:01] {bruce} hi billy
[06:05] {dptl} good morning all
[06:05] {Threei} dp :)
[06:06] {cosmo} SPLS (beat est) pre mkt high = 21.84 fwiw
[06:06] {BillyD} dp :)
[06:09] {Threei} my old place of living endures -34 C right now
[06:10] {Threei} it's about -37 F for you metric-challenged
[06:10] {BillyD} 37 below zero?
[06:10] {Threei} yes sir
[06:11] {BillyD} ouch
[06:11] {Threei} exactly
[06:11] {BillyD} scary
[06:11] {bruce} dp
[06:12] {esemde} GM all...
[06:12] {Threei} ese :)
[06:12] {Threei} I gotta paste a quote from yesterday for you
[06:12] {BillyD} lol
[06:12] {esemde} pls do....
[06:12] {Threei} [15:12] {BillyD} Vad...start singing
[06:12] {Threei} [15:12] {Threei} oh you don't want that
[06:12] {Threei} [15:13] {Threei} believe you me
[06:12] {Threei} [15:13] {BillyD} I guess I need to think of your family
[06:12] {Threei} [15:13] {Threei} when I sing people break windows in futile attempt to escape the horror
[06:12] {Threei} [15:14] {BillyD} lol
[06:13] {Threei} [15:15] {Threei} if you ever see ese running for cover, desperately trying to get asylum in another country and complaining to UN about cruel and unusual punishment or torture - you know I sang in his presence
[06:14] {esemde} your assuming i actually know what i'm doing.....
[06:14] {Threei} one of us should...
[06:14] {bruce} ese
[06:15] {esemde} morning bruce
[06:16] {cosmo} ATVI
[06:18] {cosmo} gee... where CAN you seek asylum anymore?
[06:18] {esemde} fickle market....it dumped 200pts on you all yesterday once again.....
[06:20] {Threei} be back in 5
[06:25] {bruce} yep ese - market rises all summer during traditional "flat" period
[06:25] {bruce} then dumps during traditinal christmas rally
[06:25] {bruce} go figure
[06:25] {esemde} ATVI looks good cos got an entry point in mind....
[06:26] {cosmo} it was only a turkey rally, i say
[06:26] {Threei} no pattern work that reliably
[06:26] {BillyD} well bru8ce...anything can and will happen in the mkt.....never fails
[06:26] {Threei} it would be too easy
[06:26] {cosmo} watch the open for a pull back....maybe
[06:27] {cosmo} should hold 20.50
[06:27] {cosmo} must hold...actually
[06:28] {esemde} never ceases to amaze me....some goof just casually mentions that this credit crunch might not be over and at 2:30 BAM....
[06:28] {BillyD} people are nervous
[06:29] {BillyD} and that goof is probably right
[06:29] {cosmo} hmm ... open break
[06:30] {cosmo} should hold 20.70
[06:31] {esemde} that looks like support on pull back
[06:32] {cosmo} support
[06:32] {cosmo} 21 tests
[06:32] {esemde} yep
[06:32] {cosmo} oops
[06:33] {cosmo} not much of a test
[06:33] {esemde} look at that go
[06:33] {Threei} let it pull back or consolidate, IMO
[06:34] {bruce} bidz dump
[06:36] {Threei} .80 support for a stop placement
[06:36] {Threei} worth a try here
[06:37] {Threei} in 21
[06:37] {BillyD} same here
[06:37] {Threei} for scalpers stop .89
[06:39] {Threei} 1:1 was easy... don't know what's next
[06:39] {Threei} 50/50
[06:39] {cosmo} SPLS
[06:39] {Threei} CFO: SMALL BUSINESS UNSETTLED BY ECONOMY, ONLY BUYING WHAT THEY NEED - CONF CALLNotes Black Friday store traffic was 'tremendous'
[06:39] {Threei} that's SPLS
[06:40] {Threei} VRSN
[06:40] {Threei} watching
[06:41] {Threei} half lot play whatever it is
[06:41] {Threei} .68 long if stays above .50
[06:41] {Threei} if loses it, want something like .20
[06:43] {Threei} ATVI 1:2
[06:43] {BillyD} for scalpers 1:2
[06:43] {cosmo} TIVO
[06:44] {cosmo} low vol
[06:44] {Threei} holding better this time VRSN
[06:45] {Threei} setup is back
[06:46] {Threei} invalidated second time
[06:46] {Threei} really don't want to play it with stop under .40
[06:47] {Threei} aggressive entry is possible if NQ shows sharp reversal
[06:48] {Threei} .50 break long, .39 stop
[06:50] {BillyD} looking for break of huigh on VRSN
[06:50] {Roman} JADE continueing
[06:52] {Threei} half out VRSN
[06:53] {Threei} over 1:2
[06:53] {Threei} scalpers know what to do
[06:53] {Threei} beauty of aggressive entry
[06:53] {BillyD} yeah out in full thx
[06:53] {Threei} welcome
[06:53] {Threei} out in full .95
[06:54] {Threei} +.43
[06:54] {Threei} and don't underestimate math skills it took me to compute that
[06:58] {Threei} ORCL .95 long, .79 stop
[06:59] {Threei} if NQ jumps up, grab it aggressively
[07:00] {Threei} triggered
[07:02] {Threei} NOV CONSUMER CONFIDENCE: 87.3 V 91.0E- prior revised to 95.2 from 95.6
[07:02] {Threei} ugh
[07:02] {Threei} *NOV RICHMOND FED MANUFACTURING: 0 V -2E
[07:03] {Threei} EFUT
[07:03] {Threei} WINNING NANJING VEHICLE LOGISTICS SOLUTION PROJECT OF CHANG'AN FORD
[07:09] {BillyD} out ORCL
[07:09] {Threei} yeah, market gets killed
[07:09] {Threei} canadians, see loonie pushing for parity again?
[07:09] {Threei} from another side of the fence this time
[07:12] {BillyD} watching BRCM for short set up
[07:15] {BillyD} in BRCM short .40
[07:16] {Threei} OPEC GULF COUNTRIES CONSIDER 750K BPD OUTPUT HIKE - WIRE CITING OFFICIALS
[07:16] {Threei} - Iraqi Oil Min: Says OPEC may increase its output by 500K BPD at its Dec 5th meeting
[07:19] {BillyD} out BRCM -.17
[07:26] {BillyD} .
[07:26] {Threei} good point
[07:33] {Threei} what a hystreical market
[07:34] {BillyD} crazy
[07:39] {BillyD} the NQ spikes seem to stop you out of what looks to be good setups
[07:39] {Threei} expanding range
[07:40] {BillyD} ?
[07:42] {Threei} TTR page 141
[07:42] {BillyD} roflol
[07:43] {Threei} what... I said everything already, lol
[07:43] {BillyD} the first sentence
[07:43] {BillyD} The expanding range is the worst market ever
[07:44] {BillyD} encountered
[07:44] {Threei} read the description and explanation how it grinds you, you will recognize the action
[07:45] {Threei} dream come true... instead of answering any question I simply name the page... :)
[07:46] {BillyD} so true...so wouldn't playing the moves aggressively near te ranges be better....
[07:46] {Threei} yes... and the worst thing about this kind of day is that it's nearly impossible to recognize early
[07:46] {Threei} intuition may be helpful sometimes... not always
[07:46] {BillyD} it's kind of been this way for a while though
[07:47] {Threei} noticed how I stopped activity at some point?
[07:47] {BillyD} some days more or less than others
[07:47] {BillyD} yes
[07:47] {BillyD} it seems get your scalp and get out
[07:53] {BillyD} VAD..what type of psychological state attributes to this kind of mkt
[07:53] {Threei} maniac-depressive
[07:53] {BillyD} lol
[07:54] {BillyD} people just tweaked
[07:59] {Threei} RIMM 114.50 break should be big long catalyst
[07:59] {Threei} let's see what happens
[07:59] {Threei} not playing it here, just want to watch whether patterns are back in action
[07:59] {BillyD} ok
[07:59] {BillyD} any stocks in mind
[08:00] {Threei} not at the moment
[08:02] {Threei} not too bad RIMM
[08:03] {Threei} BRCM .98 short
[08:03] {Threei} 27.03 stop
[08:03] {Threei} and don't laugh
[08:04] {BillyD} I' not
[08:06] {BillyD} tgt area?
[08:07] {Threei} what is NQ going to do?
[08:07] {BillyD} got it
[08:07] {Threei} :)
[08:08] {Threei} if expanding range pattern holds, drop all the way
[08:08] {Threei} if not, who knows
[08:08] {Threei} stop is just 5 cents, play by the book
[08:09] {Threei} half out
[08:09] {Threei} 1:2
[08:09] {Threei} 27.01 stop
[08:09] {BillyD} same here
[08:09] {Threei} let' it trade or take profit, whatever you fancy
[08:13] {Threei} hmmm... interesting disconnect between NQ and RIMM
[08:14] {BillyD} out some more here
[08:18] {BillyD} out rest ty
[08:18] {Threei} welcome
[08:19] {Chaeron} hi all... sorry I'm late.. :)
[08:19] {Threei} chaeron :)
[08:22] {bruce} hi chaeron
[08:28] {bruce} asia - any read vad?
[08:30] {Threei} not really
[08:30] {bruce} k
[08:31] {bruce} was expecting something like - ttr - page 122 = paragraph 3
[08:31] {Threei} lol
[08:32] {bruce} new training mode
[08:32] {BillyD} I've been keeping my TTR book next to me
[08:32] {bruce} I cuddle with it at night
[08:33] {Threei} uh oh
[08:33] {bruce} lol
[08:34] {Threei} ETFC HEARING BOUTIQUE FIRM SPECULATES E*TRADE COULD BE BOUGHT OUT FOR AROUND $10/SHR
[08:34] {Threei} sigh
[08:37] {bruce} sndk?
[08:38] {Threei} a bit too volatile for my taste... with .40 trigger stop would have to be .10
[08:38] {Threei} if it's tolerable for you, why not
[08:42] {Threei} if you took it, trail stop to .24
[08:46] {bruce} out - got .36 entry and out .5
[08:46] {Threei} scalps r us
[08:47] {bruce} about sums it up
[08:53] {Threei} NVDA long with stop under .50 if NQ shows bounce
[08:54] {Threei} if losing .50 let it be
[08:55] {cosmo} or let it bleed
[09:06] {Threei} LDK seems to be nearing the "drama unfolding" levels
[09:07] {Threei} and all this time it's unavailable for shorting...
[09:11] {Threei} what a trap in the morning BIDZ, eh?
[09:12] {BillyD} since yesterday morning at 20
[09:17] {BillyD} someone throw mud on this mkt
[09:17] {BillyD} like sludge
[09:29] {Threei} EFII
[09:29] {Threei} half lot .40 long
[09:29] {Threei} .29 stop
[09:31] {Threei} FED'S PLOSSER: ECONOMY TO GROW MORE SLOWLY IN COMING MONTHS DESPITE RATE CUT; IF INFLATION PICKS UP, FED MAY NEED TO RAISE RATE
[09:31] {Threei} - repeats Oct cut was largely a risk management move; economic risks not one sided
[09:31] {Threei} - rise in oil, commodities prices suggest significant inflation pressure exist; price expectations are 'more fragile' that 4 months ago; recent
[09:31] {Threei} inflation data has been encouraging
[09:31] {Threei} - says Fed expects economy to rebound by mid 2008 to trend
[09:41] {bruce} nvda broke
[09:44] {Threei} EFII stop to .34
[09:59] {Threei} BIDZ SCHEDULES 4:30PMET CONF CALL TO RESPOND TO A NEGATIVE "RESEARCH REPORT" FROM CITRON RESEARCH YESTERDAY
[10:05] {Threei} no idea what irt means:
[10:05] {Threei} DELL SIMPLIFIES SEARCH WITH GOOG, TO SELL SEARCH APPLIANCES
[10:05] {Threei} minesweepers?
[10:23] {BillyD} any feel for mkt direction here Vad
[10:26] {Threei} pick any
[10:26] {Threei} will be equally valid
[10:26] {Threei} it's just period with no activity at all right now
[10:26] {Threei} it resolves itself into whatever
[10:26] {Threei} up is a little nbit more likely
[10:26] {BillyD} seems so
[10:26] {Threei} but not enough to commit
[10:46] {Threei} market is still locked in tight range
[10:46] {Threei} don't push anything for now
[10:46] {Threei} activity is likely to pick up soon
[10:49] {Threei} ZIXI
[10:49] {Threei} JUSTICE FEDERAL CREDIT UNION SELECTS ZIX CORPORATION FOR EMAIL ENCRYPTION SERVICE
[10:49] {Threei} fluff...
[10:51] {Threei} MLNM .49 short
[10:51] {Threei} just a scalp
[10:53] {Threei} aggressive entry with .61 stop
[10:59] {BillyD} out
[10:59] {Threei} yeah, stronger than market
[10:59] {BillyD} mind of its own
[11:01] {BillyD} JADE
[11:05] {Threei} Feds nonsense on wires again
[11:05] {Threei} FED'S EVANS: OVERLY ACCOMODATIVE POLICY COULD ENDANGER PRICE STABILITY
[11:05] {Threei} - Notes potential US GDP growth now 'slightly above 2.5%", yet 'good deal of uncertainty' in economy, including reduced liquidity as key economic growth risk
[11:05] {Threei} FED OCT DISCOUNT RATE MEETING MINUTES: 6 OF 12 BANKS SAY POSITIVE DATA AND IMPROVING MARKETS
[11:05] {Threei} aand other 6 say negative and deteriorating?
[11:06] {Threei} make your pick
[11:06] {BillyD} no wonder maniac-depressive
[11:10] {Threei} let's see if we get bounce to short into
[11:10] {Threei} feels like down is going to be the theme for the rest of the day
[11:11] {Threei} NVDA, as close to .60 as possible
[11:11] {Threei} BRCM closer to .80
[11:13] {Threei} if no bounce and NQ continues down, NVDA .35 short
[11:13] {Threei} with stop above the high of current bounce
[11:16] {Threei} NVDA keeps its head down
[11:16] {Threei} most likely short candidate
[11:16] {BillyD} BRCM more iffy
[11:16] {Threei} yeah, BRCM follows NQ to the letter while NVDA is weaker
[11:18] {BillyD} right thru it
[11:18] {Threei} NVDA is dancing to the tune
[11:20] {BillyD} sheesh took small scalp on JADE and keeps it going
[11:20] {BillyD} .46 stop on NVDA or .47
[11:21] {Threei} .47
[11:28] {Threei} die already NVDA
[11:28] {BillyD} yeah
[11:29] {BillyD} I added more on bounce into low .40's and cov'd 1/2 .29
[11:30] {BillyD} that blk earlier didn't help
[11:38] {Threei} I parroted you billy
[11:38] {Threei} hope you'll forgive me
[11:39] {Threei} .43 - .31, second lot :)
[11:39] {BillyD} :)
[11:39] {Threei} fiiinally
[11:40] {Threei} covered half of first lot
[11:40] {Threei} sheesh, it's getting complicated
[11:40] {Threei} need calculator
[11:40] {BillyD} out rest here
[11:40] {Threei} ah come on
[11:41] {Threei} sure... leave me alone with this wierdo
[11:41] {BillyD} u r just tougher than me
[11:41] {Threei} no, I am more lazy
[11:41] {Threei} I don't want to be clicking that often
[11:42] {BillyD} it seems the ones I have tried to hold on to, I end up regretting
[11:42] {Threei} (truth be told, I am greedy )
[11:42] {Threei} I can't blame you, on serious note
[11:42] {Threei} market's been whippy today
[11:43] {Threei} it's just that I am having quite nice day with morning plays,
[11:43] {Threei} this one worked nicely with two lots too
[11:43] {BillyD} my situation different than yours I know
[11:43] {Threei} so I have luxury to try and milk it
[11:43] {Threei} yes sir
[11:43] {Threei} never mind my blabbing
[11:43] {BillyD} I have to trade it according to that
[11:44] {BillyD} you say something?
[11:44] {Threei} my feeling is, all htese bounces last 30 min or so is nothing but shakeout attempts
[11:44] {Threei} and we are to see more selling
[11:45] {BillyD} honestly, earlier when Fed made comments and mkt went up I was very surpised
[11:45] {BillyD} hinting towardss no rate cut
[11:45] {Threei} come to papa NVDA
[11:45] {BillyD} very nice
[11:46] {Threei} out
[11:46] {Threei} .03
[11:46] {BillyD} well done
[11:46] {Threei} was it fried to perfection or what
[11:47] {cosmo} ATVI holds21 ...so far
[11:47] {BillyD} we'll see
[11:47] {Threei} I won't
[11:47] {Threei} I take it off screen
[11:47] {BillyD} lol...smart man
[11:47] {Threei} in my mind it was perfect trade even if drops another point :)
[11:47] {Threei} make sure and don't tell me
[11:47] {Threei} (yeah right)
[11:47] {BillyD} that would be mean
[11:48] {Threei} and mean is not what we do here of course
[11:48] {Threei} no sir
[11:48] {Threei} ATVI is suprizingly strong cos...
[11:49] {Threei} hey I peeked... 20 cents bounce NVDA, me happy with my cover
[12:00] {Threei} NQ came into resistance
[12:00] {Threei} watching NVDA for another short
[12:01] {BillyD} how about BRCM
[12:01] {Threei} less willing
[12:01] {BillyD} ok
[12:03] {BillyD} say when
[12:03] {Threei} in
[12:03] {Threei} ugh
[12:03] {Threei} was too fast billy, sorry
[12:04] {BillyD} np
[12:04] {Threei} got .28
[12:04] {Threei} just a scalp
[12:04] {BillyD} have order there
[12:04] {Threei} not counting on much
[12:04] {Threei} out 3/4
[12:05] {BillyD} my NDX bars have gaps of space shoing jumps on these little moves
[12:05] {BillyD} showing
[12:07] {Threei} out in full, losing read here
[12:08] {Threei} feeling is the same, it just becomes a bit too jerky
[12:09] {Threei} notice how BRCM is utterly useless
[12:09] {BillyD} yes
[12:09] {Threei} wouldn't give as much as readable 10 cents
[12:13] {Threei} is it jerky or is it jerky
[12:14] {BillyD} thinking of short but too crazy
[12:14] * Threei sends flowers to his intuition, it works full power today
[12:14] {BillyD} it's almost the only way it seems....intuition
[12:15] {Threei} well... what's inuition if not experience colletcted over years and applied without thinking involved
[12:15] {Threei} "without thinking" is my favorite part
[12:15] {Threei} thinking is too much like work
[12:16] {Threei} and I lost my thinking hat somewhere in bowels of washer
[12:24] {cosmo} Santa wants ATVI
[12:26] {Threei} was a great long off support... sorry I missed it
[12:29] {BillyD} look at that drop down
[12:30] {Threei} it fits into general read I gave earlier... but renders it useless too
[12:31] {bruce} cmtl - risky - any read?
[12:32] {Threei} no... too thin
[12:33] {bruce} k
[12:39] {Threei} whatever it was, I hope traders had fun with it... sheesh
[12:39] {Threei} glad to be on a sideline
[12:40] {BillyD} I ss NVDA at .36 area on the bounce and cov'd at .40 on that spike
[12:41] {BillyD} too crazy
[12:41] {Threei} it's untradeable
[12:41] {BillyD} yeah....I shorted into resistance with small stop
[12:41] {BillyD} worth a try
Session Start: Tue Nov 27 13:23:08 2007
[13:23] *** Now talking in #discussions
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Session Time: Tue Nov 27 00:00:00 2007
[05:31] {Threei} [BIDZ] Bidz.com Has Record Holiday Weekend; Updates Guidance
[05:31] {Threei} - Announced that sales during the Thanksgiving holiday weekend, from Friday to Sunday were up 78% over last year.
[05:31] {Threei} - Guides Q4 R $56-58M v 56Me
[05:31] {Threei} - Guides FY07 Rev $180-182M v $181.3Me
[05:31] {Threei} - Guides FY08 Rev $225-230M v $229.7Me
[05:31] {BillyD} morning Vad
[05:33] {Threei} billy :)
[05:36] {Threei} TIVO: NBC UNIVERSAL CONFIRMS PARTNERSHIP WITH TIVO ON ADVERTISING AND RESEARCH SOLUTIONS- reported by WSJ earlier
[05:58] {cosmo} ATVI: Activision Raises Third Quarter and Fiscal Year 2008 Outlook Marking Record Results for the Company
[05:58] {cosmo} Business Wire (Tue 6:30am)
[05:58] {bruce} morning all
[05:59] {BillyD} morning bruce, cosmo
[05:59] {cosmo} BD:)
[05:59] {Threei} bruce, cosmo :)
[05:59] {cosmo} br, 3i:)
[06:01] {cosmo} ATVI pre mkt high = 20.89 fwiw
[06:01] {bruce} hi billy
[06:05] {dptl} good morning all
[06:05] {Threei} dp :)
[06:06] {cosmo} SPLS (beat est) pre mkt high = 21.84 fwiw
[06:06] {BillyD} dp :)
[06:09] {Threei} my old place of living endures -34 C right now
[06:10] {Threei} it's about -37 F for you metric-challenged
[06:10] {BillyD} 37 below zero?
[06:10] {Threei} yes sir
[06:11] {BillyD} ouch
[06:11] {Threei} exactly
[06:11] {BillyD} scary
[06:11] {bruce} dp
[06:12] {esemde} GM all...
[06:12] {Threei} ese :)
[06:12] {Threei} I gotta paste a quote from yesterday for you
[06:12] {BillyD} lol
[06:12] {esemde} pls do....
[06:12] {Threei} [15:12] {BillyD} Vad...start singing
[06:12] {Threei} [15:12] {Threei} oh you don't want that
[06:12] {Threei} [15:13] {Threei} believe you me
[06:12] {Threei} [15:13] {BillyD} I guess I need to think of your family
[06:12] {Threei} [15:13] {Threei} when I sing people break windows in futile attempt to escape the horror
[06:12] {Threei} [15:14] {BillyD} lol
[06:13] {Threei} [15:15] {Threei} if you ever see ese running for cover, desperately trying to get asylum in another country and complaining to UN about cruel and unusual punishment or torture - you know I sang in his presence
[06:14] {esemde} your assuming i actually know what i'm doing.....
[06:14] {Threei} one of us should...
[06:14] {bruce} ese
[06:15] {esemde} morning bruce
[06:16] {cosmo} ATVI
[06:18] {cosmo} gee... where CAN you seek asylum anymore?
[06:18] {esemde} fickle market....it dumped 200pts on you all yesterday once again.....
[06:20] {Threei} be back in 5
[06:25] {bruce} yep ese - market rises all summer during traditional "flat" period
[06:25] {bruce} then dumps during traditinal christmas rally
[06:25] {bruce} go figure
[06:25] {esemde} ATVI looks good cos got an entry point in mind....
[06:26] {cosmo} it was only a turkey rally, i say
[06:26] {Threei} no pattern work that reliably
[06:26] {BillyD} well bru8ce...anything can and will happen in the mkt.....never fails
[06:26] {Threei} it would be too easy
[06:26] {cosmo} watch the open for a pull back....maybe
[06:27] {cosmo} should hold 20.50
[06:27] {cosmo} must hold...actually
[06:28] {esemde} never ceases to amaze me....some goof just casually mentions that this credit crunch might not be over and at 2:30 BAM....
[06:28] {BillyD} people are nervous
[06:29] {BillyD} and that goof is probably right
[06:29] {cosmo} hmm ... open break
[06:30] {cosmo} should hold 20.70
[06:31] {esemde} that looks like support on pull back
[06:32] {cosmo} support
[06:32] {cosmo} 21 tests
[06:32] {esemde} yep
[06:32] {cosmo} oops
[06:33] {cosmo} not much of a test
[06:33] {esemde} look at that go
[06:33] {Threei} let it pull back or consolidate, IMO
[06:34] {bruce} bidz dump
[06:36] {Threei} .80 support for a stop placement
[06:36] {Threei} worth a try here
[06:37] {Threei} in 21
[06:37] {BillyD} same here
[06:37] {Threei} for scalpers stop .89
[06:39] {Threei} 1:1 was easy... don't know what's next
[06:39] {Threei} 50/50
[06:39] {cosmo} SPLS
[06:39] {Threei} CFO: SMALL BUSINESS UNSETTLED BY ECONOMY, ONLY BUYING WHAT THEY NEED - CONF CALLNotes Black Friday store traffic was 'tremendous'
[06:39] {Threei} that's SPLS
[06:40] {Threei} VRSN
[06:40] {Threei} watching
[06:41] {Threei} half lot play whatever it is
[06:41] {Threei} .68 long if stays above .50
[06:41] {Threei} if loses it, want something like .20
[06:43] {Threei} ATVI 1:2
[06:43] {BillyD} for scalpers 1:2
[06:43] {cosmo} TIVO
[06:44] {cosmo} low vol
[06:44] {Threei} holding better this time VRSN
[06:45] {Threei} setup is back
[06:46] {Threei} invalidated second time
[06:46] {Threei} really don't want to play it with stop under .40
[06:47] {Threei} aggressive entry is possible if NQ shows sharp reversal
[06:48] {Threei} .50 break long, .39 stop
[06:50] {BillyD} looking for break of huigh on VRSN
[06:50] {Roman} JADE continueing
[06:52] {Threei} half out VRSN
[06:53] {Threei} over 1:2
[06:53] {Threei} scalpers know what to do
[06:53] {Threei} beauty of aggressive entry
[06:53] {BillyD} yeah out in full thx
[06:53] {Threei} welcome
[06:53] {Threei} out in full .95
[06:54] {Threei} +.43
[06:54] {Threei} and don't underestimate math skills it took me to compute that
[06:58] {Threei} ORCL .95 long, .79 stop
[06:59] {Threei} if NQ jumps up, grab it aggressively
[07:00] {Threei} triggered
[07:02] {Threei} NOV CONSUMER CONFIDENCE: 87.3 V 91.0E- prior revised to 95.2 from 95.6
[07:02] {Threei} ugh
[07:02] {Threei} *NOV RICHMOND FED MANUFACTURING: 0 V -2E
[07:03] {Threei} EFUT
[07:03] {Threei} WINNING NANJING VEHICLE LOGISTICS SOLUTION PROJECT OF CHANG'AN FORD
[07:09] {BillyD} out ORCL
[07:09] {Threei} yeah, market gets killed
[07:09] {Threei} canadians, see loonie pushing for parity again?
[07:09] {Threei} from another side of the fence this time
[07:12] {BillyD} watching BRCM for short set up
[07:15] {BillyD} in BRCM short .40
[07:16] {Threei} OPEC GULF COUNTRIES CONSIDER 750K BPD OUTPUT HIKE - WIRE CITING OFFICIALS
[07:16] {Threei} - Iraqi Oil Min: Says OPEC may increase its output by 500K BPD at its Dec 5th meeting
[07:19] {BillyD} out BRCM -.17
[07:26] {BillyD} .
[07:26] {Threei} good point
[07:33] {Threei} what a hystreical market
[07:34] {BillyD} crazy
[07:39] {BillyD} the NQ spikes seem to stop you out of what looks to be good setups
[07:39] {Threei} expanding range
[07:40] {BillyD} ?
[07:42] {Threei} TTR page 141
[07:42] {BillyD} roflol
[07:43] {Threei} what... I said everything already, lol
[07:43] {BillyD} the first sentence
[07:43] {BillyD} The expanding range is the worst market ever
[07:44] {BillyD} encountered
[07:44] {Threei} read the description and explanation how it grinds you, you will recognize the action
[07:45] {Threei} dream come true... instead of answering any question I simply name the page... :)
[07:46] {BillyD} so true...so wouldn't playing the moves aggressively near te ranges be better....
[07:46] {Threei} yes... and the worst thing about this kind of day is that it's nearly impossible to recognize early
[07:46] {Threei} intuition may be helpful sometimes... not always
[07:46] {BillyD} it's kind of been this way for a while though
[07:47] {Threei} noticed how I stopped activity at some point?
[07:47] {BillyD} some days more or less than others
[07:47] {BillyD} yes
[07:47] {BillyD} it seems get your scalp and get out
[07:53] {BillyD} VAD..what type of psychological state attributes to this kind of mkt
[07:53] {Threei} maniac-depressive
[07:53] {BillyD} lol
[07:54] {BillyD} people just tweaked
[07:59] {Threei} RIMM 114.50 break should be big long catalyst
[07:59] {Threei} let's see what happens
[07:59] {Threei} not playing it here, just want to watch whether patterns are back in action
[07:59] {BillyD} ok
[07:59] {BillyD} any stocks in mind
[08:00] {Threei} not at the moment
[08:02] {Threei} not too bad RIMM
[08:03] {Threei} BRCM .98 short
[08:03] {Threei} 27.03 stop
[08:03] {Threei} and don't laugh
[08:04] {BillyD} I' not
[08:06] {BillyD} tgt area?
[08:07] {Threei} what is NQ going to do?
[08:07] {BillyD} got it
[08:07] {Threei} :)
[08:08] {Threei} if expanding range pattern holds, drop all the way
[08:08] {Threei} if not, who knows
[08:08] {Threei} stop is just 5 cents, play by the book
[08:09] {Threei} half out
[08:09] {Threei} 1:2
[08:09] {Threei} 27.01 stop
[08:09] {BillyD} same here
[08:09] {Threei} let' it trade or take profit, whatever you fancy
[08:13] {Threei} hmmm... interesting disconnect between NQ and RIMM
[08:14] {BillyD} out some more here
[08:18] {BillyD} out rest ty
[08:18] {Threei} welcome
[08:19] {Chaeron} hi all... sorry I'm late.. :)
[08:19] {Threei} chaeron :)
[08:22] {bruce} hi chaeron
[08:28] {bruce} asia - any read vad?
[08:30] {Threei} not really
[08:30] {bruce} k
[08:31] {bruce} was expecting something like - ttr - page 122 = paragraph 3
[08:31] {Threei} lol
[08:32] {bruce} new training mode
[08:32] {BillyD} I've been keeping my TTR book next to me
[08:32] {bruce} I cuddle with it at night
[08:33] {Threei} uh oh
[08:33] {bruce} lol
[08:34] {Threei} ETFC HEARING BOUTIQUE FIRM SPECULATES E*TRADE COULD BE BOUGHT OUT FOR AROUND $10/SHR
[08:34] {Threei} sigh
[08:37] {bruce} sndk?
[08:38] {Threei} a bit too volatile for my taste... with .40 trigger stop would have to be .10
[08:38] {Threei} if it's tolerable for you, why not
[08:42] {Threei} if you took it, trail stop to .24
[08:46] {bruce} out - got .36 entry and out .5
[08:46] {Threei} scalps r us
[08:47] {bruce} about sums it up
[08:53] {Threei} NVDA long with stop under .50 if NQ shows bounce
[08:54] {Threei} if losing .50 let it be
[08:55] {cosmo} or let it bleed
[09:06] {Threei} LDK seems to be nearing the "drama unfolding" levels
[09:07] {Threei} and all this time it's unavailable for shorting...
[09:11] {Threei} what a trap in the morning BIDZ, eh?
[09:12] {BillyD} since yesterday morning at 20
[09:17] {BillyD} someone throw mud on this mkt
[09:17] {BillyD} like sludge
[09:29] {Threei} EFII
[09:29] {Threei} half lot .40 long
[09:29] {Threei} .29 stop
[09:31] {Threei} FED'S PLOSSER: ECONOMY TO GROW MORE SLOWLY IN COMING MONTHS DESPITE RATE CUT; IF INFLATION PICKS UP, FED MAY NEED TO RAISE RATE
[09:31] {Threei} - repeats Oct cut was largely a risk management move; economic risks not one sided
[09:31] {Threei} - rise in oil, commodities prices suggest significant inflation pressure exist; price expectations are 'more fragile' that 4 months ago; recent
[09:31] {Threei} inflation data has been encouraging
[09:31] {Threei} - says Fed expects economy to rebound by mid 2008 to trend
[09:41] {bruce} nvda broke
[09:44] {Threei} EFII stop to .34
[09:59] {Threei} BIDZ SCHEDULES 4:30PMET CONF CALL TO RESPOND TO A NEGATIVE "RESEARCH REPORT" FROM CITRON RESEARCH YESTERDAY
[10:05] {Threei} no idea what irt means:
[10:05] {Threei} DELL SIMPLIFIES SEARCH WITH GOOG, TO SELL SEARCH APPLIANCES
[10:05] {Threei} minesweepers?
[10:23] {BillyD} any feel for mkt direction here Vad
[10:26] {Threei} pick any
[10:26] {Threei} will be equally valid
[10:26] {Threei} it's just period with no activity at all right now
[10:26] {Threei} it resolves itself into whatever
[10:26] {Threei} up is a little nbit more likely
[10:26] {BillyD} seems so
[10:26] {Threei} but not enough to commit
[10:46] {Threei} market is still locked in tight range
[10:46] {Threei} don't push anything for now
[10:46] {Threei} activity is likely to pick up soon
[10:49] {Threei} ZIXI
[10:49] {Threei} JUSTICE FEDERAL CREDIT UNION SELECTS ZIX CORPORATION FOR EMAIL ENCRYPTION SERVICE
[10:49] {Threei} fluff...
[10:51] {Threei} MLNM .49 short
[10:51] {Threei} just a scalp
[10:53] {Threei} aggressive entry with .61 stop
[10:59] {BillyD} out
[10:59] {Threei} yeah, stronger than market
[10:59] {BillyD} mind of its own
[11:01] {BillyD} JADE
[11:05] {Threei} Feds nonsense on wires again
[11:05] {Threei} FED'S EVANS: OVERLY ACCOMODATIVE POLICY COULD ENDANGER PRICE STABILITY
[11:05] {Threei} - Notes potential US GDP growth now 'slightly above 2.5%", yet 'good deal of uncertainty' in economy, including reduced liquidity as key economic growth risk
[11:05] {Threei} FED OCT DISCOUNT RATE MEETING MINUTES: 6 OF 12 BANKS SAY POSITIVE DATA AND IMPROVING MARKETS
[11:05] {Threei} aand other 6 say negative and deteriorating?
[11:06] {Threei} make your pick
[11:06] {BillyD} no wonder maniac-depressive
[11:10] {Threei} let's see if we get bounce to short into
[11:10] {Threei} feels like down is going to be the theme for the rest of the day
[11:11] {Threei} NVDA, as close to .60 as possible
[11:11] {Threei} BRCM closer to .80
[11:13] {Threei} if no bounce and NQ continues down, NVDA .35 short
[11:13] {Threei} with stop above the high of current bounce
[11:16] {Threei} NVDA keeps its head down
[11:16] {Threei} most likely short candidate
[11:16] {BillyD} BRCM more iffy
[11:16] {Threei} yeah, BRCM follows NQ to the letter while NVDA is weaker
[11:18] {BillyD} right thru it
[11:18] {Threei} NVDA is dancing to the tune
[11:20] {BillyD} sheesh took small scalp on JADE and keeps it going
[11:20] {BillyD} .46 stop on NVDA or .47
[11:21] {Threei} .47
[11:28] {Threei} die already NVDA
[11:28] {BillyD} yeah
[11:29] {BillyD} I added more on bounce into low .40's and cov'd 1/2 .29
[11:30] {BillyD} that blk earlier didn't help
[11:38] {Threei} I parroted you billy
[11:38] {Threei} hope you'll forgive me
[11:39] {Threei} .43 - .31, second lot :)
[11:39] {BillyD} :)
[11:39] {Threei} fiiinally
[11:40] {Threei} covered half of first lot
[11:40] {Threei} sheesh, it's getting complicated
[11:40] {Threei} need calculator
[11:40] {BillyD} out rest here
[11:40] {Threei} ah come on
[11:41] {Threei} sure... leave me alone with this wierdo
[11:41] {BillyD} u r just tougher than me
[11:41] {Threei} no, I am more lazy
[11:41] {Threei} I don't want to be clicking that often
[11:42] {BillyD} it seems the ones I have tried to hold on to, I end up regretting
[11:42] {Threei} (truth be told, I am greedy )
[11:42] {Threei} I can't blame you, on serious note
[11:42] {Threei} market's been whippy today
[11:43] {Threei} it's just that I am having quite nice day with morning plays,
[11:43] {Threei} this one worked nicely with two lots too
[11:43] {BillyD} my situation different than yours I know
[11:43] {Threei} so I have luxury to try and milk it
[11:43] {Threei} yes sir
[11:43] {Threei} never mind my blabbing
[11:43] {BillyD} I have to trade it according to that
[11:44] {BillyD} you say something?
[11:44] {Threei} my feeling is, all htese bounces last 30 min or so is nothing but shakeout attempts
[11:44] {Threei} and we are to see more selling
[11:45] {BillyD} honestly, earlier when Fed made comments and mkt went up I was very surpised
[11:45] {BillyD} hinting towardss no rate cut
[11:45] {Threei} come to papa NVDA
[11:45] {BillyD} very nice
[11:46] {Threei} out
[11:46] {Threei} .03
[11:46] {BillyD} well done
[11:46] {Threei} was it fried to perfection or what
[11:47] {cosmo} ATVI holds21 ...so far
[11:47] {BillyD} we'll see
[11:47] {Threei} I won't
[11:47] {Threei} I take it off screen
[11:47] {BillyD} lol...smart man
[11:47] {Threei} in my mind it was perfect trade even if drops another point :)
[11:47] {Threei} make sure and don't tell me
[11:47] {Threei} (yeah right)
[11:47] {BillyD} that would be mean
[11:48] {Threei} and mean is not what we do here of course
[11:48] {Threei} no sir
[11:48] {Threei} ATVI is suprizingly strong cos...
[11:49] {Threei} hey I peeked... 20 cents bounce NVDA, me happy with my cover
[12:00] {Threei} NQ came into resistance
[12:00] {Threei} watching NVDA for another short
[12:01] {BillyD} how about BRCM
[12:01] {Threei} less willing
[12:01] {BillyD} ok
[12:03] {BillyD} say when
[12:03] {Threei} in
[12:03] {Threei} ugh
[12:03] {Threei} was too fast billy, sorry
[12:04] {BillyD} np
[12:04] {Threei} got .28
[12:04] {Threei} just a scalp
[12:04] {BillyD} have order there
[12:04] {Threei} not counting on much
[12:04] {Threei} out 3/4
[12:05] {BillyD} my NDX bars have gaps of space shoing jumps on these little moves
[12:05] {BillyD} showing
[12:07] {Threei} out in full, losing read here
[12:08] {Threei} feeling is the same, it just becomes a bit too jerky
[12:09] {Threei} notice how BRCM is utterly useless
[12:09] {BillyD} yes
[12:09] {Threei} wouldn't give as much as readable 10 cents
[12:13] {Threei} is it jerky or is it jerky
[12:14] {BillyD} thinking of short but too crazy
[12:14] * Threei sends flowers to his intuition, it works full power today
[12:14] {BillyD} it's almost the only way it seems....intuition
[12:15] {Threei} well... what's inuition if not experience colletcted over years and applied without thinking involved
[12:15] {Threei} "without thinking" is my favorite part
[12:15] {Threei} thinking is too much like work
[12:16] {Threei} and I lost my thinking hat somewhere in bowels of washer
[12:24] {cosmo} Santa wants ATVI
[12:26] {Threei} was a great long off support... sorry I missed it
[12:29] {BillyD} look at that drop down
[12:30] {Threei} it fits into general read I gave earlier... but renders it useless too
[12:31] {bruce} cmtl - risky - any read?
[12:32] {Threei} no... too thin
[12:33] {bruce} k
[12:39] {Threei} whatever it was, I hope traders had fun with it... sheesh
[12:39] {Threei} glad to be on a sideline
[12:40] {BillyD} I ss NVDA at .36 area on the bounce and cov'd at .40 on that spike
[12:41] {BillyD} too crazy
[12:41] {Threei} it's untradeable
[12:41] {BillyD} yeah....I shorted into resistance with small stop
[12:41] {BillyD} worth a try
Session Start: Tue Nov 27 13:23:08 2007
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