RealityTrader Trading Log

Tuesday, January 8, 2008

January 8, 2008

Session Start: Tue Jan 08 00:00:00 2008

Session Time: Tue Jan 08 00:00:00 2008

[05:37] {BillyD} morning RT
[05:40] {Threei} Good morning
[05:40] {BillyD} Vad :)
[05:41] {Threei} Billy :)
[05:42] {Threei} ISIS
[05:42] {Threei} big gap but pullback from high is getting decent too
[05:43] {Threei} Pharmaceuticals Inc Concludes strategic alliance with Genzyme; Company to be paid $325M upon closing in equity and cash
[05:43] {Threei} - Genzyme will pay Company $150M to purchase 5M shares of Company's common stock at $30/shr on Hart-Scott-Rodino clearance.
[05:43] {Threei} - Upon completion of final contracts, Genzyme will pay Company a $175M up-front license fee for mipomersen, the Company's lipid-lowering treatment for high-risk cardiovascular patients. In addition to this initial $325M, Company has the potential to receive signifi
[05:43] {Threei} significant milestone payments for mipomersen, which is currently undergoing Phase III trials. Once the product has been launched, the two companies will share profits
[05:43] {Threei} - Deal has up to $750M in potential commerical milestones.
[05:43] {Threei} - Genzyme will develop and commercialize mipomersen, and will have preferred access to future drugs for CNS and certain rare diseases.
[05:44] {hawkfan4} good morning all
[05:44] {Threei} hawk :)
[05:45] {BillyD} morning hawk
[05:45] {hawkfan4} Vad, Billy :)
[05:47] {magoo} morn
[05:48] {BillyD} magoo :)
[05:49] {dptl} good morning all
[05:49] {Threei} magoo, dp :)
[05:51] {magoo} genz is paying to ISIS vad?
[05:52] {Threei} sounds this way
[05:58] {dino} gm all
[05:58] {Threei} dino :)
[05:59] {esemde} morning RT's
[05:59] {Threei} ese :)
[06:00] {esemde} how was your first day back Vad......feel rusty
[06:00] {esemde} SBUX moving on my radar
[06:01] {dino} new ceo i think
[06:01] {Threei} profitable, so me is satisfied... as for rusty - I feel rusty 24/7/365
[06:02] {cosmo} i call it patina
[06:02] {Threei} but couple drops of WD40 in the morning do a miracle
[06:03] {Threei} no more sqeak in the knee or elbow
[06:05] {esemde} ISIS...Genzyme to license it's cholesterol-lowering treatment
[06:05] {esemde} up %48
[06:06] {Threei} was almost 23, and close to 30 yest after hours
[06:06] {magoo} u reading ISIS vad?
[06:07] {Threei} rather watching to see if it's readable
[06:09] {Threei} shortable btw
[06:09] {magoo} near 30 afterhrs?
[06:10] {Threei} yes
[06:10] {Threei} I guess that part in news talking about 30 per share was miscostrued as actual buyout
[06:29] {BillyD} .
[06:29] {Threei} good point
[06:29] {BillyD} want to make sure motor is running
[06:30] {magoo} watching fslr for a lil recovery
[06:33] {BillyD} ISIS is blistering
[06:33] {Threei} half lot long ISIS with stop under .40
[06:33] {Threei} lol, lost .40 before comment even went through
[06:37] {lumdus} maybe isis this leg down ?
[06:38] {bruce} hway dino
[06:38] {BillyD} tough one
[06:39] {lumdus} yeah, dough to read. maybe next dump i go in.
[06:39] {dino} hway dk, last two days jumpy
[06:41] {Threei} NVDA short with stop above 27
[06:41] {BillyD} here
[06:41] {lumdus} in isis 18.57 out 18.90
[06:41] {lumdus} tx vad
[06:41] {Threei} invalidated before showed weakness
[06:42] {esemde} out AMMD from yesterday .96 +.16
[06:44] {bruce} matk short?
[06:45] {Threei} if loses .40
[06:46] {bruce} sbux holdinghighs - long?
[06:47] {dino} vrus bit crazy last two days
[06:47] {Threei} SBUX .31 with .19 stop, yes
[06:48] {dino} meli l .49
[06:48] {BillyD} in SBUX .31
[06:48] {magoo} me too
[06:48] {dptl} in.31
[06:50] {Threei} sheesh
[06:50] {BillyD} out
[06:50] {dptl} out
[06:50] {Threei} wtf
[06:50] {lumdus} wow that was quick
[06:51] {magoo} ISIS vad?read on it?
[06:51] {bruce} drat -p worked over in sbux and missed matk
[06:51] {magoo} feels higher
[06:53] {Threei} no read mags
[06:54] {Roman} long CPST
[06:54] {Roman} 1.82 1/2 size
[06:56] {esemde} anyone thinking Long ISIS around .56
[06:56] {magoo} i am..but its risky..hl
[06:56] {esemde} anyone thinking long isis around .56
[06:57] {magoo} should go 20 area
[06:57] {esemde} I'll be with ya
[06:59] {esemde} hmmm maybe not
[07:00] {Threei} NOV PENDING HOME SALES (M/M): -2.6% V -0.7%E
[07:00] {Threei} JAN IBD/TIPP ECONOMIC OPTIMISM: 43.2 V 43.0E
[07:01] {esemde} LEAP into the picture......
[07:02] {esemde} nice play on words there
[07:03] {bruce} edge is STILL ending delayed quotes
[07:03] {BillyD} I have edge off permanently for my quotes
[07:03] {Threei} me too, got tired of weeding it out every day
[07:05] {BillyD} CYTR
[07:05] {BillyD} see no news
[07:05] {magoo} so do i
[07:06] {Threei} nice one CPST Roman, ty
[07:06] {Roman} yw
[07:06] {Threei} BMRN, half lot long .17
[07:06] {Threei} if stays above 39
[07:08] {BillyD} in .17
[07:09] {magoo} in .17
[07:09] {dptl} in.18
[07:09] {dino} meli out .26,
[07:10] {dino} +.77
[07:10] {Threei} you own this one dino
[07:10] {magoo} no he doesn't..sdold it
[07:10] {dino} lucky thats all
[07:11] {bruce} stop just under 39 for bmrn?
[07:11] {Threei} yes
[07:13] {Threei} IDIX?
[07:14] {Threei} I see no fresh news
[07:14] {Threei} 3 break loks interesting on daily
[07:15] {dino} drys l .50
[07:15] {Threei} am I cursed today or what?
[07:15] {Roman} looking long CSIQ
[07:15] {esemde} long SBUX .39
[07:15] {dptl} stoped bmrn
[07:16] {esemde} 1/2 lot
[07:17] {Roman} watching CSIQ if breaks 24.5
[07:20] {bruce} is qcom long break worth try - would prefer more volume in it
[07:21] {Roman} in CSIQ
[07:22] {Roman} small. 24.45 area
[07:24] {dino} out drys .68, +1.18
[07:24] {Roman} long CSUN
[07:25] {Roman} 14.10
[07:25] {dino} tough crowd huh magoo?
[07:25] {esemde} nice one Roman CSIQ
[07:25] {BillyD} gj dino :)
[07:26] {dino} ty bd
[07:29] {esemde} SBUX should make at least 21 i think...
[07:30] {magoo} dependsa on mkt imho
[07:30] {Threei} sure, it shook us out so skilfully earlier, why not
[07:30] {magoo} if reverses..down sbux goes
[07:30] {magoo} actually vad...i just vcut it .54
[07:30] {magoo} lol
[07:31] {magoo} go ahead and slap me
[07:31] {Threei} what, you decided blowing stops is a better strategy? :)
[07:31] {Threei} no need... market will
[07:31] {magoo} no..but it really didn't look bad to my "feel"
[07:32] {magoo} but, i did take your bmrn stop
[07:32] {magoo} and your first stop
[07:32] {Threei} first?
[07:32] {dino} s rok .24
[07:32] {magoo} u off to shaky start boss {as i run for cover}
[07:33] {Threei} nah, you stay, I go back to sleep
[07:34] {magoo} watching solf fior bounce
[07:34] {esemde} out SBUX .77 +.38
[07:34] {BillyD} wtg ese
[07:35] {esemde} tks
[07:35] {magoo} nice ES
[07:35] {patience} nice ese
[07:35] {dino} etg ese
[07:35] {esemde} made the 21 mark
[07:36] {dino} wtg
[07:36] {magoo} hey vad..my level 2 has a bad ARCAB quote all the time, any thoughts on it, like as in we ditched edge
[07:36] {Threei} kill it same way
[07:36] {magoo} well..i do not want to kill arcab do i?
[07:37] {dino} burn 'em all magoo, burn 'em all
[07:37] {Threei} if it has bad quotes you do... if not you don't...
[07:37] {Threei} I don't see wrong quotes on it
[07:38] {magoo} pull up bmrn
[07:38] {magoo} bmrn
[07:38] {magoo} 38.80
[07:38] {Threei} not here
[07:38] {Threei} ARCAb 38.99 right now
[07:38] {BillyD} not here
[07:38] {Threei} .98
[07:39] {Threei} none at .80
[07:39] {magoo} sheesh..i do stuill
[07:39] {magoo} server?
[07:39] {Threei} 17
[07:39] {BillyD} 7
[07:39] {magoo} weird still there
[07:39] {dptl} 14
[07:40] {magoo} oh well
[07:41] {magoo} i like solf long here .25
[07:42] {magoo} canx that
[07:43] {magoo} man..choppy out there
[07:44] {BillyD} yeah, just thinking...can't really see anything
[07:45] {lumdus} s esrx
[07:45] {bruce} amgn on radar dino
[07:46] {lumdus} esrx short 75.47 sto at b/e
[07:46] {dino} amgn raised guidance fwiw
[07:46] {lumdus} vad, esrx looks very weak ? i got that right?
[07:47] {bruce} nice play lum
[07:47] {dino} would've worked brucer, nice spot
[07:47] {lumdus} bruce, today i am trying to be very careful.
[07:48] {lumdus} damm, sold 1/2 lot and almost b/e on esrx.wtf
[07:50] {dino} risky sm s vrus .00
[07:50] {lumdus} jbht might do it ?
[07:51] {bruce} wow - 70 c spread dino
[07:52] {lumdus} jbht low volume ach
[07:52] {Threei} ISIS long.76
[07:52] {Threei} stop under .70
[07:53] {dino} yeah, you know me, :), thats why small
[07:53] {dino} had it too, but got greedy
[07:54] {dptl} in .78
[07:55] {dptl} out+.12 ty
[07:55] {Threei} out 19.05
[07:55] {BillyD} nice Vad....
[07:55] {dino} qmar
[07:56] {lumdus} out 19.06 tx vad
[07:56] {Threei} welcome
[07:57] {dino} gj guys
[07:57] {BillyD} how did I not get a fill on it and everyone else did....
[07:58] {lumdus} i use mbt billD
[07:58] {dino} (un)lucky
[07:58] {BillyD} lol
[07:58] {dino} :)
[07:59] {magoo} u suk?he he
[07:59] {Threei} what's with GERN today?
[08:00] {Threei} Roman, any idea? you keep an eye on this one often
[08:00] {Roman} nothing special on it
[08:00] {Threei} just a bounce?
[08:01] {Roman} yep
[08:02] {dino} vrus stopped -.50 sm
[08:02] {lumdus} we taking GERN ?
[08:03] {magoo} roman, u still in CSIQ?
[08:03] {Roman} no
[08:04] {Threei} SEED long if 9 is scrolling
[08:04] {Threei} risky one
[08:06] {dino} markets approaching lod
[08:07] {magoo} rfr, ty
[08:07] {Threei} ISIS feels like preparing surprise
[08:07] {magoo} getting faster
[08:07] {dino} qmar s .88, stop .16
[08:09] {Threei} pullback buy ISIS
[08:09] {magoo} close to 19?
[08:09] {Threei} I doubt it's going that low
[08:09] {magoo} might not get there
[08:10] {Threei} .30 closest support so far
[08:10] {magoo} feels like 20plus
[08:11] {Threei} market weakens... would like a little help from it
[08:11] {dptl} you in?
[08:11] {Threei} but if holding here while NQ downticks, even better indication of squeeze coming
[08:11] {Threei} not yet dp
[08:11] {Threei} want to see fast buying returning
[08:11] {BillyD} if holds..take .50 area then?
[08:12] {BillyD} cancel that
[08:12] {esemde} I'm outta here...have a great rest of the day....
[08:12] {Threei} take care ese
[08:12] {bruce} bye ese
[08:12] {magoo} bye es
[08:12] {Threei} touched 19... too fast for entry
[08:14] {Threei} NQ still dumping... doesn't instill confidence
[08:15] {dino} cov qmar .64, +.24
[08:16] {Threei} ok in
[08:16] {Threei} can't resist, stop under 19
[08:16] {Threei} may take reentry
[08:16] {Threei} hard to tell here
[08:16] {lumdus} where ISIS ?
[08:16] {Threei} .08
[08:17] {dptl} .03
[08:17] {Threei} come on NQ, raise your head
[08:17] {lumdus} jumpy one isis
[08:19] {magoo} held fairly well vad
[08:19] {Threei} but still doesn't reverse for real
[08:19] {lumdus} magoo make sure fingure on sell button :)
[08:19] {Threei} this long hesitation can resolve any way
[08:19] {magoo} .40 area turned it back now 3 times
[08:21] {Threei} NQ looks better
[08:22] {Threei} let's do it ISIS
[08:22] {lumdus} isis had too many head fakes' for me
[08:23] {magoo} out
[08:24] {lumdus} a break of 19.00 and wamm !
[08:24] {magoo} short loss 19
[08:24] {lumdus} now that's a grade ..
[08:24] {lumdus} grade=trade
[08:24] {dptl} out
[08:27] {dptl} damn
[08:31] {BillyD} there are just some stubborn/nasty personaalities out there lately
[08:31] {BillyD} in some stock's movement
[08:32] {dptl} you still in Vad?
[08:33] {Threei} yes
[08:33] {dptl} thinking to get back in
[08:34] {Threei} SBUX sizeable pullback
[08:35] {Threei} NQ is still dumping dp...
[08:35] {Threei} tough decision
[08:37] {dptl} in .03
[08:39] {dino} stopped rok .30, -.06
[08:42] {Threei} out
[08:43] {BillyD} too much
[08:43] {Threei} just can't get a feel what it wants to do next
[08:43] {BillyD} drama on it here...lol
[08:43] {dino} synt
[08:46] {magoo} man..nasty
[08:48] {dino} synt l .51 risky, wide
[08:48] {Threei} lol ISIS
[08:50] {Threei} you kept it dp?
[08:50] {dptl} no got out flat
[08:53] {Threei} freakin thing has strong flavor of squeeze coming... but to find an entry on it is a whole other story
[08:54] {dino} be done w/it
[08:54] {Roman} long PAAS small & slow
[08:56] {dino} synt stopped -.50
[08:58] {dino} rinsed
[08:58] {Roman} GOLD
[08:58] {Roman} CRDC getting ready for something
[09:00] {magoo} if IF ISIS gets thgru .50, long to 20
[09:01] {Threei} with two shakes to 18.80 along the way {G}
[09:01] {Threei} just kidding... my feeling of strong move coming too
[09:01] {Threei} but it trades brutally
[09:03] {dino} synt l round two .35
[09:04] {Threei} look at this
[09:07] {magoo} kind of oblivious to naz
[09:08] {Threei} yes, there was some correlation earlier, not anymore
[09:12] {dptl} nvda?
[09:16] {Threei} way stronger than one could expect
[09:16] {Threei} but it has NQ correlation
[09:17] {Threei} and NQ is whacky
[09:25] {Threei} bruce
[09:25] {Threei} could you just give your recipe for ISIS?
[09:25] {Threei} "close your eyes and buy"
[09:25] {dino} thats cheating
[09:25] {magoo} looking good
[09:26] {dino} thank you
[09:26] {dino} it's the low carb
[09:26] {magoo} prob explode to 21 vad
[09:26] {Threei} easy
[09:26] {Threei} with couple pullback to 18.50 along the way
[09:26] {BillyD} lol
[09:27] {bruce} lol
[09:27] {magoo} thats why our eyes are closed
[09:28] {bruce} isis is indeterminate to me vad
[09:28] {Threei} pullbacks are supported, highs get taken, shakes are brutal and invariably turn out just shakes...
[09:28] {bruce} my hunch is that it is stil a short though as day goes on
[09:28] {magoo} i say near 21 today
[09:30] {Threei} OK, I found the way to play it
[09:31] {magoo} coiling big time
[09:31] {Threei} this teleporting to .27, in
[09:31] {Threei} teleporting back upto above .40, out
[09:31] {magoo} gonna go
[09:31] {magoo} in
[09:32] {magoo} .47
[09:32] {magoo} dammit..naz not helping
[09:33] {dino} synt stopped -.10
[09:34] {dino} done w.it
[09:34] {Threei} nice support .50
[09:36] {Threei} if this .58 offer is taken...
[09:36] {magoo} are there any other stocks available to trade today he he?
[09:36] {Threei} and taken it will be
[09:36] {Threei} there
[09:37] {BillyD} what's stop vad
[09:38] {Threei} by bruce
[09:38] {dptl} half out '62
[09:38] {magoo} if IF it gets 20.15 going ballistic
[09:39] {magoo} it will never turn back again
[09:39] {magoo} ever
[09:40] {magoo} out .73
[09:41] {magoo} look to reload it
[09:43] {magoo} good out magoo..thanx vad :)
[09:44] {dino} taking a break
[09:44] * magoo slaps LaserDave1 around a bit with a large trout
[09:46] {Threei} good pullback for entry
[09:47] {Threei} CSIQ
[09:49] {bruce} crox dino
[09:51] {magoo} SOLF too vad
[09:52] {dptl} nvda?
[09:52] {dino} sorry bruce taking a break, did fine, but missed last two, so clear my head w/walk
[09:52] {Threei} don't know NVDA
[09:52] {dino} crox imo, strike to 30, then maybe down
[09:53] {Threei} INCY lost its mind
[09:54] {bruce} k dino
[09:55] {Threei} here comes one of those brutal pullbacks ISIS
[09:56] {magoo} any read on FSLR?
[09:58] {Threei} yuck
[09:58] {magoo} anyone any read anytime?
[10:01] {bruce} taking break
[10:08] {lumdus} isis little bounc
[10:19] {lumdus} nvda might break
[10:29] {dptl} out nvda +.23
[10:31] {lumdus} ok, my setups are not working this pm that well. time to watch myself. Note to self
[10:34] {lumdus} dptl, not ready to give up on nvda but that was huge pullback and quick. This AM things where pretty smooth. Now, not looking great
[10:35] {Threei} 19.06 probably worth a try ISIS
[10:36] {Threei} volume pertty much dried up on this retreat, and there was no selling frenzy really
[10:36] {Threei} whether buying frenzy returns is a big if
[10:36] {dptl} stop?
[10:36] {Threei} but risk is pretty small here
[10:36] {Threei} under 19
[10:37] {dptl} in.07
[10:38] {Threei} it goes through another period of indecision, hard to tell which way it resolves,
[10:38] {Threei} so just gotta catch a moment with tight stop
[10:38] {Threei} and let it show what it wants
[10:38] {Threei} if resumes upward push, win will be quite sizeable, if not stop will be tight
[10:45] {Threei} pre-frenzy
[10:45] {magoo} be back in hour, got apptmt
[10:45] {Threei} hurry
[10:45] {Threei} we won't wait for you to sell ISIS at 21
[10:49] {Threei} half out dp
[10:49] {Threei} you have 30 cents
[10:49] {Threei} don't let it all slip away
[10:49] {dptl} out....1st +.10..second +.19..ty
[10:50] {Threei} :)
[10:50] {Threei} SEED
[10:51] {Threei} called 9 entry earlier but happened too suddenly, afraid we missed it
[10:52] {Threei} so dp... are morning stops fully rectified?
[10:52] {bruce} + .20 c isis \thanx vad
[10:52] {bruce} needed that
[10:52] {Threei} welcome sir
[10:53] {bruce} still down on day though
[10:53] {dptl} yep in green now
[10:53] {Threei} cool beans... patience, cold blood and discipline work miracles
[10:53] {bruce} that was a nice trade - with reward larger than risk
[10:54] {dptl} FOR SURE
[10:54] {Threei} here is little psychological trick to be in this mindset:
[10:54] {Threei} do not view trading in "event" terms
[10:54] {Threei} look at it as a process
[10:55] {Threei} single trade has no singificance,
[10:55] {Threei} no matter what outcome is (as long as you control risk of course)
[10:55] {dino} sm l gs .37
[10:55] {Threei} when you view it as a continuing process, frustration of any given stop disappears
[10:56] {Threei} and trading frustration-free in turns frees your mind for objective evaluation of the next opportinutity
[10:56] {Threei} as opposite to "ouch, I am in red, gotta make it back, where is my chance"
[10:57] {Threei} mindset that pushes you into grabbing anything that moves
[10:57] {Threei} digging deeper hole
[10:57] {Threei} frikking SEED got away
[10:57] {lumdus} seed just going
[10:58] {bruce} as in - frikken seed got away vad?
[10:58] {bruce} got you
[10:59] {Threei} did I even say something?
[10:59] {Threei} :)
[10:59] {dino} good trading is not about being right, its' about trading right
[10:59] {Threei} great, dino goes all Zen on us
[10:59] {dino} feelig underappreciated
[10:59] {dino} :)
[10:59] {Threei} welcome to the club
[11:03] {dino} out gs .98, +.61
[11:03] * bruce slaps Threei around a bit with a large trout
[11:03] {bruce} feeling better?
[11:03] {Threei} I was fine even without fish smell of my shirt, thank you
[11:03] * bruce slaps dino around a bit with a large trout
[11:04] {Threei} out ISIS 22.30
[11:04] {Threei} I was fine even without fish smell of my shirt, thank you
[11:04] {Threei} oops
[11:04] {Threei} (nevermind, I just typed it for magoo to read and faint when he returns)
[11:04] * bruce slaps magoo around a bit with a large trout
[11:04] {bruce} trout appreciation day
[11:04] {dino} ouch
[11:08] {bruce} you're welcome
[11:10] {bruce} incy mojo
[11:12] {dino} crox again
[11:15] {Threei} CSIQ is holding well
[11:16] {dino} partial fill s crox .70
[11:16] {BillyD} entry
[11:16] {BillyD} ?
[11:17] {BillyD} that move cause to rethink
[11:17] {Threei} sharp selling into 25.50, possibly lower
[11:17] {Threei} no, not really
[11:17] {Threei} it's norlam for this stock
[11:17] {Threei} normal
[11:17] {BillyD} thought was around 26 if seemed to hold
[11:18] {lumdus} sap
[11:18] {Threei} it tends to come to logical support and break it before recovering
[11:18] {BillyD} but it is still logical for it
[11:19] {Threei} it's usually a buy off second support
[11:20] {dino} cov crox .40, +.30
[11:23] {BillyD} so far .79 holds
[11:25] {Threei} I don't like it here
[11:25] {Threei} kind of middle of nowhere
[11:26] {Threei} far from support, far from resistance, doesn'
[11:26] {Threei} t go up with NQ
[11:26] {Threei} doesn't drop because of NQ syrength either
[11:26] {BillyD} it's own logic
[11:26] {BillyD} personality
[11:27] {Threei} better now
[11:27] {lumdus} csiq ?
[11:27] {Threei} yeah
[11:27] {lumdus} let me know when you are in
[11:27] {Threei} nope
[11:27] {Threei} I intent to make it a secret
[11:28] {dptl} lol
[11:28] {lumdus} hey, how can i do that slap with a trout stuff ?
[11:28] {Threei} no way
[11:28] {Threei} we confiscated all the trouts
[11:28] * bruce slaps magoo around a bit with a large trout
[11:28] * bruce slaps Threei around a bit with a large trout
[11:28] {Threei} except bruce's
[11:28] {dino} magoo looking at houses
[11:29] {bruce} held my trouter
[11:29] {Threei} closer to .50 get ready,
[11:29] {Threei} watch for strenghtening,
[11:29] {Threei} don't buy on pricve alone, watch for it to stabilize and show signs of reversal,
[11:29] {Threei} don't bite if it slides slowly,
[11:29] {Threei} rather wait for a quick dive
[11:30] {Threei} if it reverses before showing anything readable, shrug and let it be
[11:30] {Threei} ISIS baby
[11:30] {BillyD} ISIS trying
[11:30] {Threei} my tunr dp:
[11:30] {Threei} half out
[11:31] {dptl} :)
[11:31] {Threei} from 19.08
[11:31] {dptl} nice
[11:31] {Threei} just don't take it as indication that you did something wrong
[11:32] {Threei} that was a very good play on your part
[11:32] {Threei} and I have to say:
[11:32] {Threei} with the way ISIS treated us earlier, it took guts and conviction to go for it again when you did
[11:33] {dptl} ty
[11:33] {Threei} bruce... now please trout him before his head goes too big
[11:34] {dino} gj dp
[11:34] {dptl} ty
[11:34] {bruce} congrat dp
[11:35] {Threei} sheesh
[11:35] * bruce slaps Threei around a bit with a large trout
[11:35] {Threei} trout bearer goes all soft on us
[11:35] {dptl} lol
[11:35] {Threei} and actually confuses his targets
[11:35] {BillyD} never could tell sellers everywhere this morning w/ volatile moves.....always changes
[11:36] {BillyD} ebbs and flow
[11:36] {Threei} live in now
[11:36] {Threei} or as dino will tell us when he goes ultimate Zen, be the water
[11:37] {BillyD} lol
[11:37] {Threei} but on serious note...
[11:37] {Threei} get this book and read first 94 pages (in my edition at least):
[11:37] {Threei} Power of Now
[11:37] {Threei} Ekhart Tolle or something close
[11:37] {BillyD} thtais it
[11:37] {Threei} wonderful trading book
[11:38] {dino} just bought it vad
[11:38] {BillyD} that is it
[11:38] {Threei} even though auhor [robably never heard of trading as profession
[11:38] {Threei} you will like it dino, I promise
[11:38] {BillyD} it is applicable to everything
[11:38] {dino} good
[11:38] {Threei} just don't go beyond page 95, IMO :)
[11:39] {dino} read the first half of the way of the turtles, very similar to your way of teaching, just diffenernt markets
[11:39] {Threei} full power switch from amazing stuff to total bs... they needed a filler for more pages I guess
[11:40] {patience} which markets were discussed dino?
[11:40] {Threei} I never read it dino... for exactly this reason
[11:40] {Threei} someone told me it was very similar
[11:40] {Threei} so I decided not to waste my time :)
[11:41] {dino} it re-inforced alot you what you teach.....individual trades don't matter, get your edge, control risk, be consuistant, keep it simple. etc
[11:41] {Threei} :)
[11:41] {dino} yeah, i see your point, it helped me, as did you
[11:43] {dino} crox, darn, thought it would hit .85 again
[11:44] {Threei} CSIQ came to support area
[11:44] {Threei} NQ pushed it there, watch both
[11:45] {Threei} and don't go crazy on size, thin trader
[11:45] {dino} gfig
[11:46] {Threei} come on CSIQ, dive under .50
[11:47] {Threei} closest support is .25 now
[11:47] {Threei} be ready NQ is about to bounce
[11:48] {dino} pretty good dow pullback
[11:49] {Threei} in
[11:49] {Threei} got .53
[11:49] {Threei} stop .39
[11:50] {Threei} out .89
[11:50] {BillyD} nice
[11:51] {BillyD} I saw the trigger on it but not on NDX so passed
[11:51] {Threei} precise scenario I decasribed earlier
[11:51] {Threei} ummm
[11:51] {Threei} decasribed?
[11:51] {Threei} sigh
[11:52] {Threei} slide into suport, quick selling under it, strengthening
[11:52] {BillyD} 2 pennies under it?
[11:52] {Threei} 3 I think... not much drop but pace was good
[11:53] {Threei} had this intimidating quality about it
[11:53] {Threei} creating impression drop is coming and going to be cratering
[11:53] {BillyD} I saw the turn but thought NQ was confirmationand didn't se it
[11:53] {Threei} instead, bids come in and ofers get taken
[11:53] {lumdus} i blinked and saw nothing
[11:53] {Threei} NQ just stalled at the time, yeah
[11:54] {BillyD} my ...
[11:54] {BillyD} :)
[11:54] {Threei} that's why I tried to give an idea in dvance lum, there is usually no way to post in time
[11:54] {Threei} not on this kind
[11:54] {lumdus} 3i, you did what you need too. i drank coffe for 1/2 second cost me $$
[11:55] {Threei} but at least coffee was good?
[11:55] {Threei} not good ISIS
[11:55] {Threei} too deep
[11:56] {lumdus} oh man
[11:58] {dino} lol
[11:58] {Threei} not interested in CSIQ until 25
[12:00] {dino} dji -100
[12:00] {Threei} NOV CONSUMER CREDIT: $15.4B V $8.0BE
[12:00] {lumdus} hmm, looks like we going south
[12:00] {BillyD} [12:35] {BillyD} never could tell sellers everywhere this morning w/ volatile moves.....always changes
[12:00] {BillyD} [12:36] {BillyD} ebbs and flow
[12:01] {BillyD} now opposite...lol
[12:01] {lumdus} Billy AM session was great. I scr**d up in PM
[12:01] {dino} another roughly 200 pt range day
[12:01] {lumdus} I tried to catch a falling knife. I guess I need to learn my lesson a little better
[12:02] {BillyD} it's just a certain time frame looks so solid one way and in a short completely opposite
[12:02] {dino} shake it off lumdus
[12:03] {BillyD} reason to live in the Now and not assume the now means the same as later
[12:03] {dino} back in 10
[12:03] {bruce} anyone having [problems with data now?
[12:03] {lumdus} a good trade go bad I don't care a bad trade i hate. falling knife was a bad trade
[12:03] {bruce} my time4 and sales and level 2 don't match up
[12:03] {BillyD} Laser bruce?
[12:03] {BillyD} mine ok
[12:03] {Threei} ARCA book seems to be delayed
[12:04] {bruce} yes
[12:04] {bruce} brcm says 66 - by 67
[12:04] {bruce} and trades going off at .77
[12:04] {magoo} back
[12:04] {magoo} anything going?
[12:04] * bruce slaps bruce around a bit with a large trout
[12:05] * bruce slaps magoo around a bit with a large trout
[12:05] * bruce slaps Threei around a bit with a large trout
[12:05] {Threei} dp... let's save magoo from major upset? or let's tell him?
[12:05] {BillyD} hey bruce, did you swing so hard and slap yourself
[12:05] * bruce slaps BillyD around a bit with a large trout
[12:05] {magoo} c'mon..tell me
[12:06] {dptl} a,just tell him
[12:06] {BillyD} hehe
[12:06] {Threei} yeah bruce, you started well with * bruce slaps bruce around a bit with a large trout
[12:06] {Threei} then you lost your way
[12:06] {bruce} nice to share the joy billy
[12:06] * bruce slaps Threei around a bit with a large trout
[12:06] * bruce slaps Threei around a bit with a large trout
[12:06] * bruce slaps Threei around a bit with a large trout
[12:06] {Threei} sorry mags but we hit ISIS for something like 40+ cents
[12:06] {bruce} t & sa looks better now
[12:06] {magoo} sigh
[12:07] {Threei} it's dp's fault
[12:07] {Threei} I didn't want to tell you
[12:07] {dptl} going for smoke
[12:07] {Threei} dcced him, said let's say we have 18 stops while he was gone
[12:07] {Threei} but no, dp said, "stop this nonsense and make him suffer":
[12:08] {Threei} now you can see him going for happy smoke
[12:08] {Threei} smoke of deep satisfaction, can you tell
[12:08] {dptl} lol
[12:09] {cosmo} happy smoke?
[12:09] {Threei} it's legal over here cos
[12:09] {cosmo} gee
[12:09] {BillyD} serious Vad?
[12:09] {Threei} nah :)
[12:10] {cosmo} wait till 2012
[12:10] {Threei} but tolerance is much higher
[12:10] {bruce} vad pulling your trout billy
[12:10] {BillyD} wow....was wondering why you always come back after "5" a little wackier
[12:10] {Threei} market is going down the drain
[12:11] {dino} leap fall
[12:12] {bruce} die market!
[12:12] {bruce} die!
[12:12] {Threei} missed prevoius bounce CSIQ, but do you see it doing exactly the same thing once again?
[12:12] {bruce} long qid vadster?
[12:12] {Threei} came into 25, lost it, dumped 3 cents and bounced big
[12:12] {Threei} too vertical for my taste here bruce
[12:12] {bruce} too late - already skiped
[12:13] {BillyD} lost .11 before the big bounce
[12:13] {BillyD} I see your ....
[12:13] {bruce} brcm close to long bounce?
[12:14] {Threei} feels so, atch NQ for help
[12:16] {Threei} bounce time
[12:17] {dino} not yet
[12:18] {magoo} BTW,
[12:18] * magoo slaps dptl around a bit with a large trout
[12:18] {bruce} I'm w dino - a bit more selling
[12:19] {dino} sm l gfig .60
[12:20] {magoo} im with vad, happy smoke
[12:20] {bruce} we've had quite a few of these market selloffs last few days vad
[12:20] {bruce} must be a way to catch em
[12:20] * bruce slaps magoo around a bit with a large trout
[12:21] * bruce slaps magoo around a bit with a large trout
[12:22] {bruce} bruce slaps magoo around a bit with a large happy smoke
[12:22] {Threei} wow, no bounce to speak of
[12:23] {bruce} not yet
[12:23] {magoo} that does it bruce lol
[12:23] {bruce} this is what we've been seeling lamost every day vad
[12:23] * magoo slaps bruce around a bit with a large trout
[12:23] {dino} jumped the shark, so to speak
[12:24] {bruce} bruce slaps magoos trout with a large happy smoke
[12:24] {bruce} t &s whacked out again
[12:24] {bruce} maybe due to volume
[12:24] {BillyD} it's ARCA bruce
[12:25] {Threei} it's not T*S
[12:25] {Threei} it's ARCA book
[12:25] {BillyD} it was doing it yesterday as well
[12:25] {magoo} vad, isis can short
[12:25] {dino} now
[12:25] {magoo} surprised it hasn't given much back
[12:26] {bruce} reversal call heere dino?
[12:26] {dino} up i mean
[12:26] {dino} market, not isis
[12:26] {dino} disregard me
[12:26] {dino} yes bruce that what i ment, didn't want anyone to think i was playing isis
[12:27] {dino} 20 pts only, then down, sheesh
[12:28] {dino} rimm
[12:29] {dino} out gfig +.24
[12:32] {dino} l meli sm .75
[12:33] {magoo} now, yesterday mkt spiked hard iunto bell
[12:34] {dino} out meli .99, +.24
[12:34] {BillyD} nice dino
[12:34] {dino} guess i was an oracle on that bounce call
[12:34] {dino} ty bd, bit of luck on entry
[12:34] {magoo} yeah..u and buffett
[12:35] {BillyD} good risk dino
[12:35] {magoo} next u gonna reside in omaha
[12:35] {lumdus} it's hard to go from a huge win in the Am to a loss in the PM. hitting myself
[12:35] * magoo slaps lumdus around a bit with a large trout
[12:35] {magoo} i reversed that
[12:35] {dino} i was thinking the matrix, but whast the hell
[12:35] {lumdus} magoo i did it to myself
[12:35] {magoo} huge down early..up now
[12:36] {lumdus} good for you. seems every time i learn what i do wrong i do something else stupid
[12:36] {magoo} what u do briefly?
[12:36] {magoo} blow stop or go to big?
[12:36] {dino} we've all been there lumdus, as long as you stuck to the plan, don't kill yourself over it
[12:36] {lumdus} I tried to catch a telcom falling kninfe
[12:36] {magoo} OH NEVER
[12:37] {magoo} remember...theyalways fall farther than u think possible
[12:37] {lumdus} yup, falling knife. I realize now.
[12:37] {magoo} and run too
[12:37] {dino} ?????that is part of my style magoo????
[12:37] {lumdus} yes, need to repeat in my head many times
[12:37] {Threei} one more suggestion lum, if I may
[12:38] {Threei} when you are up nicely, put a trailing stop on your trading account
[12:38] {magoo} te biggest thing for me was to lay out ahead
[12:38] {lumdus} one sec and then i did some damm revenge trading .. 2 x
[12:38] {BillyD} dino, you play contrarian moves
[12:38] {magoo} so i get the fill
[12:38] {lumdus} i hear you 3i
[12:38] {Threei} same way as you do with stock, protect profits
[12:38] {BillyD} anticipation it seems to over reactions
[12:38] {dino} 95% of time bd
[12:38] {lumdus} it hurts alot to have this. and I am only down .07 for the day .. but damm was up $1.75
[12:39] {magoo} i use to watch and strike exits..but would miss because of greed hesitation or too fast
[12:39] {magoo} now i layout where i read its going and gety the fill
[12:40] {dino} probabilities, lumdus, probabilities, thats all it is, so play the game we must, imo
[12:40] {magoo} and u gotta be a lucky bastard like dino
[12:40] {dino} easy button helps
[12:41] {magoo} computer guy just came in and repo 1 of my computers
[12:41] {BillyD} lol
[12:41] {magoo} actually, its crashed today and he needs to take w/him
[12:41] {dino} when up over daily goal lumdus, i go to mostl;y scalps, add some here and there, no big hits
[12:41] {magoo} wheres vad??
[12:42] {Threei} who?
[12:42] {dino} vacation until next week
[12:42] * magoo slaps Threei around a bit with a large trout
[12:42] {BillyD} magoo, you seem to have lots of PC issues especially w/ a PC guy
[12:42] {Threei} sigh
[12:42] {dino} crox again
[12:42] {magoo} I DO
[12:42] {magoo} no kidding..he just took my system box
[12:42] {magoo} thats why i have 2
[12:43] {magoo} i have reverse of dino...UN LUCK
[12:43] {dino} slap him....reverse your luck
[12:43] {BillyD} becareful what you download and where you surf
[12:43] {magoo} its all that porn i guess he he
[12:44] {BillyD} dino, put some parental controls on magoo's PC
[12:44] {dino} roflol
[12:46] {bruce} not much of a bounce
[12:46] {bruce} calling it a day
[12:46] {Threei} take care bruce
[12:47] {bruce} see you all tomorrow
[12:47] {bruce} thanx vad
[12:47] {magoo} bye bruce
[12:47] {Threei} ISIS will be item of interest tomorrow too
[12:49] {dino} i think i'm done for the day. thx for some good ones
[12:50] {lumdus} almost done hitting myself with a trout
[12:50] {dino} wow -215
[12:50] * BillyD slaps lumdus around a bit with a large trout
[12:50] {BillyD} you are done
[12:51] * magoo slaps lumdus around a bit with a large trout
[12:51] {lumdus} ok, will keep hitting untill market close
[12:53] {dino} rimm taunting me
[12:53] {Threei} CSIQ still closes green
[12:53] {Threei} worth watching tomorrow too
[12:53] {magoo} incy too
[12:56] {magoo} thanx vad..good to have u back boss
[12:57] {Threei} thank you all
[12:57] {dino} thx all, good day
[12:57] {Threei} have a good evening, see you tomorrow
[12:57] {BillyD} bye all
[12:58] {dptl} have a good evening all
[12:58] {dino} wow -260, 341 pt ramge
[12:58] {lumdus} have a great eventing all. Hope I learned my lesson today. And Vad, good idea. Not bad day in terms of loss just down .01 after comm but bad trading.
[12:58] {dino} 2.6%
[12:59] {magoo} its all a learning curve
[12:59] {lumdus} I also over traded by quite a few.
[13:00] {magoo} drink a brew..tomorrow a new day
[13:00] {dino} lumdus, i tell magoo any day you're flat or up, it's a good day
[13:02] {lumdus} dino, i agree. However, i traded bad. Yes, I am ok $$ wise but the trades really stink . A damn falling knife i took and that's bad
[13:02] {lumdus} OK, goodnight all and thanks for the help.
[13:03] {magoo} laser, u here??
[13:20] {magoo} ok, goodnite all...tomorrow promises to be interesting