RealityTrader Trading Log

Thursday, February 28, 2008

Feb 28 2008

Session Time: Thu Feb 28 00:00:00 2008

[08:24] {Threei} SEED got killed on earnings after hours
[08:27] {hawkfan4} crushed
[08:29] {Threei} GDP numbers in a few
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 373K V 350KE; CONTINUING CLAIMS: 2.807M V 2.785ME
- Prior jobless claims revised from 349K to 354K
[08:30] {Threei} - Prior continuing claims revised from 2.784M to 2.786M
[08:31] {Threei} Q4 PRELIMINARY GDP ANNUALIZED: 0.6% V 0.8%E; PERSONAL CONSUMPTION: 1.9% V 2.0%E
[08:31] {Threei} *Q4 PRELIMINARY GDP PRICE INDEX: 2.7% V 2.6%E; CORE PCE Q/Q: 2.7% V 2.7%E
[08:32] {Threei} XMSR REPORTS Q4 -$0.53 V -$0.63E; R $308M V $303.1ME
[08:45] {magoo} morning
[08:47] {Threei} magoo :)
[08:57] {Threei} RZ
[08:57] {Threei} SIGN AGREEMENT LEADING TO MANUFACTURE OF 100+ MPG PLUG-IN HYBRID VEHICLES WITH TECSTAR
- Companies are outlining their intent to work together to manufacture plug-in hybrid electric vehicles (PHEV) for utility, government, and other fleets.
[08:57] {Threei} - Co plans to have Tecstar convert popular SUV and light truck vehicles to 100 mpg plug-in series hybrid vehicles with 40 mile all electric range
[08:58] {Threei} AAPL looks happy so far
[09:01] {cosmo} LVLT: # Level 3 and IBM Announce Patent Cross-LicensePR Newswire(Thu 8:00am)
[09:01] {cosmo} 2.45 high so far
[09:02] {magoo} we been up 4 straight sessions now vad, sooner or later a normal pullbk at least imho
[09:05] {Threei} yes... but it's so obvious that I have hard time accepting it :)
[09:06] {dptl} good morning all
[09:08] {magoo} right, but i do not mean today, just aware of it
[09:08] {Threei} dp :)
[09:08] {magoo} most pain to most would be continued strength here
[09:09] {magoo} then when shorts capit and everybody just can not take being out and goes in long........POW BEAR TRAP
[09:09] {Threei} eqzaktly
[09:10] {Threei} bear rallies can be extremely powerful, and that's what we see
[09:10] {esemde} good morning.....
[09:10] {Threei} ese :)
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {esemde} dino
[09:14] {dino} :)
[09:15] {esemde} just reading your post mags about being up 4 sessions....seems like indexes are at the top of a consolidation ....possible breakout pattern
[09:18] {dino} pull up a chart take a look at ndx nov - feb
[09:19] {esemde} i'm there dino
[09:19] {Threei} clean bear
[09:19] {esemde} yup...
[09:19] {dino} top of recent range 1824
[09:19] {dino} 2/13
[09:20] {dino} 1/25 and 2/1 1864
[09:20] {esemde} yup...
[09:24] {esemde} hmmmm I still we have a bounce of some kind coming....maybe to1900 to 1950 level on the NDX
[09:25] {esemde} short covering bounce maybe?
[09:26] {Threei} quite possible ese... squeeze is a good way for bear market to make sure it proceeds lower with as few on board as possible
[09:27] {Threei} problem with reading it is, market is very subjected to all kinds of news/rumors, easily moved by them
[09:28] {Threei} slightest hint of those, and mood changes on a dime
[09:28] {Threei} that's how those insane spikes are created, like one on Friday
[09:28] {esemde} indeed
[09:29] {_leo1} hi
[09:30] {esemde} leo
[09:30] {Threei} leo :)
[09:31] {Threei} watching AAPL for bounce
[09:31] {magoo} me too
[09:31] {magoo} mkts down vad 91 though
[09:32] {Threei} from under 126
[09:32] {magoo} would have been great short..i was considering
[09:32] {magoo} 1215.50 more like
[09:33] {magoo} 125.50
[09:34] {Threei} scalped quickly on 126 cross back... you would have to be much quicker on the trigger than ii you waited for exact call
[09:37] {magoo} its gonna be a good short scalp
[09:39] {Threei} RIMM .20 break long
[09:39] {Threei} stop under 111
[09:39] {Threei} 1:2
[09:39] {Threei} out
[09:39] {Threei} 1:3, crying
[09:39] {Threei} 1:2 again, not crying anymore
[09:40] {magoo} i crying missed both calls
[09:40] {Threei} things happen very quickly this morning
[09:40] {Threei} crying again as RIMM hits 1:4
[09:42] {Threei} full buck
[09:43] {Threei} keeping an eye on COIN
[09:43] {Threei} despite SEED debacle shows strength still
[09:44] {Threei} AAPL 127.50 nearest support
[09:45] {Threei} won't hold probably
[09:47] {Threei} if holding above .30, .61 long
[09:47] {Threei} sheesh
[09:47] {Threei} don't chase
[09:48] {magoo} maybe rimm bounce vad? a little slower
[09:48] {Threei} whole trade would have taken like 5 seconds
[09:48] {Threei} and I missed it while typed, lol
[09:49] {Threei} 128 break long AAPl again if stays above .75
[09:49] {Threei} this one is less readable but still worth a try
[09:50] {magoo} in
[09:50] {magoo} ,095
[09:50] {magoo} .95
[09:50] {Threei} RIMM is coming into bounce level too
[09:52] {Threei} oversat AAPL probably, wanted .30
[09:52] {Threei} second chance
[09:52] {Threei} out
[09:52] {magoo} out .27
[09:52] {magoo} TY
[09:52] {dino} l gtls .95, stop .67
[09:53] {magoo} l RIMM here
[09:53] {magoo} .40
[09:54] {Threei} careful
[09:55] {magoo} stopped
[09:55] {dino} stopped glts .69, -.26
[09:55] {Threei} OK, this pullback should be deeper
[09:56] {Threei} AAPL looks to lose support this time
[09:56] {Threei} and RIMM is short on 111 breakdown
[09:57] {Threei} stop above .20
[09:57] {Threei} 1:1
[09:59] {dino} vtiv l .36, stop .99
[10:01] {Threei} AAPL .17 long
[10:01] {Threei} if stays above 128
[10:02] {dino} cvco l .82
[10:02] {Chaeron} hi all
[10:02] {Threei} chaeron :)
[10:04] {Threei} AAPL invalidated
[10:09] {Threei} short AAPL with tight stop above .70
[10:10] {Threei} 1:1
[10:11] {Threei} YHOO long with .39 stop
[10:11] {Threei} .61 or pullback closer to .40
[10:13] {dino} vtiv stopped
[10:14] {Threei} if YHOO crosses .60 from here, stop .49
[10:19] {Threei} not good YHOO
[10:19] {Threei} too deep oullback
[10:19] {Threei} out
[10:20] {dptl} stopped yhoo
[10:20] {dino} out cvco ave .18, +.30
[10:28] {magoo} aapl feels over 129 vad, any thoughts?
[10:28] {Threei} yes
[10:28] {Chaeron} uh yes to thoughts?
[10:28] {Threei} if holding 128 on this pullback, very much so
[10:29] {Threei} in
[10:29] {Threei} stop is tight enough
[10:29] {magoo} me too
[10:30] {magoo} took RIMM with it .44
[10:30] {Chaeron} in AAPL too
[10:30] {Chaeron} got in late tho .22
[10:32] {magoo} out RIMM 111
[10:35] {Threei} HGRD AND GOOGLE IN PACT FOR HEALTH-CARE PROVIDERS CONTENT
-HealthGrades will make independent information on doctors and hospitals, based on quality and cost, accessible via Google Health - a new product that is currently being tested in a pilot with the Cleveland
[10:35] {Threei} - MDRX also announces patient safety pact with Google
[10:38] {Threei} feels like another hard spike is coming
[10:38] {Threei} .50 will be my next long AAPL
[10:38] {magoo} lol
[10:38] {magoo} just took .28
[10:39] {Chaeron} pffffft
[10:39] {Chaeron} blew thru that one
[10:40] {dino} fslr sm l .85 wide
[10:40] {Threei} out
[10:40] {Chaeron} out AAPL
[10:40] {Threei} missed RIMM
[10:40] {magoo} out here .94
[10:40] {Chaeron} .84... mucho thanks vad
[10:40] {Threei} gosh, this is market for quick fingers
[10:41] {Threei} welcome sir
[10:41] {esemde} early start today...have a great rest of the day all...
[10:41] {magoo} itit fast
[10:41] {Threei} take care ese :)
[10:41] {Chaeron} bye ese!
[10:41] {magoo} TY VAD
[10:41] {Threei} but chaeron... one thing needs to be done about your chasing:
[10:41] * Threei slaps Chaeron around a bit with a large trout
[10:41] {Chaeron} yeah... damn me
[10:45] {Threei} FED'S BERNANKE: CREDIT DISRUPTIONS ARE 'NOT NEAR' AN END
[10:45] {magoo} how about slappin magoo for going way WAY to early??
[10:45] {dino} bernie trying to start another panic
[10:46] {Threei} HOUSING A 'CONTINUING PROBLEM' - Q&A- Inflation a bigger problem than in 2001
[10:47] {magoo} short AAPL with mkt vad?
[10:50] {Threei} hmmm
[10:50] {Threei} doesn't feel like that for now
[10:53] {magoo} rimm bounce?
[10:53] {Chaeron} shooot... dang nice read on AAPL Vad... magoo owes you one
[10:53] {Chaeron} or two
[10:53] {Threei} no, RIMM doesn't feel right here for a long
[10:54] {Chaeron} or three :)
[10:54] {Threei} let's make it 5 to be safe :)
[10:54] {Chaeron} done your way
[10:55] {magoo} now 130
[10:56] {Chaeron} [07:28] {magoo} aapl feels over 129 vad, any thoughts? { { { { Magoo smart cookie too
[10:56] {Threei} RIMM short .70 trigger
[10:57] {magoo} against the mkt boss?
[10:57] {Threei} it won't get there if market gains new strength
[10:58] {dino} seems an oih disconnect today 3i
[10:58] {Threei} it's getting wierder and wierder dino
[10:58] {Threei} I gave up trying to discern these connections
[10:58] {dino} glad i'm going away
[10:59] {magoo} quitter lol
[10:59] {Threei} feels like we are nearing market drop stage
[11:00] {magoo} aapl ripe to short if so
[11:00] {Threei} RIMM too
[11:00] {Threei} actually RIMM even more so
[11:01] {Roman}
21 PAAS & SSRI strong
[11:01] {Threei} not going for aggressive entries, waiting for squeezes to play out
[11:02] {Roman}
21 watching GOLD long
[11:03] {Threei} OK, this should be the end of it
[11:03] {Threei} down confidently now
[11:03] {magoo} sh rimm.89
[11:03] {Threei} me too
[11:03] {magoo} sh aapl .129.01
[11:03] {Threei} gor a bit better fill though
[11:04] {dino} fslr stopped
[11:04] {magoo} im thinking aapl sees 127.50 area
[11:04] {Threei} half out RIMM
[11:04] {dino} gtls s .11
[11:05] {Threei} out in full RIMM
[11:05] {magoo} out rimm full.50
[11:05] {magoo} TY
[11:05] {Threei} welcome sir
[11:06] {magoo} out aapl full .52
[11:06] {dino} cvco s .68
[11:06] {Threei} what a timing on market reversal (can I pat myself on the back after yesterday's dubious performance)
[11:07] {magoo} yeah..u can
[11:07] {magoo} today is wicked fast
[11:07] {Threei} as long as I don't dislocate my shoulder
[11:10] {Threei} AMZN
[11:10] {Threei} looking to short this bounce
[11:10] {magoo} [11:05] {magoo} im thinking aapl sees 127.50 area
[11:10] {Threei} .50 closest resistance
[11:11] {Threei} in
[11:11] {Threei} .55 stop
[11:11] {magoo} where? i .39
[11:12] {Threei} .40
[11:13] {dino} cvco stopped -.40, gtls bstop to b/e
[11:14] {Threei} no worky
[11:15] {dino} gtls flat
[11:15] {Threei} RIMM 110.10 short
[11:15] {Threei} stop over .30
[11:19] {Chaeron} in RIMM s .10
[11:20] {magoo} now amzn worx
[11:25] {magoo} .79 wait on rimm
[11:26] {magoo} mkt spike ruined that
[11:27] {Threei} not yet
[11:28] {magoo} just got off phone with amzn vad
[11:28] {magoo} gave your number out
[11:29] {Threei} OK, now RIMM is runied
[11:29] {Chaeron} stopped RIMM
[11:30] {Threei} sheesh
[11:30] {magoo} you talk to amzn yet..very rude too me
[11:30] {Threei} I am not picking up the phone
[11:32] {Threei} dino... VISN
[11:33] {dino} dk good report
[11:39] {Threei} US ENERGY SECRETARY BODMAN REITERATES CALL OF OPEC TO PUMP MORE OIL
[11:52] {Threei} RIMM fooled us good
[11:57] {dino} sm fslrc l .28
[12:03] {dino} stnr
[12:05] {magoo} i like RIMM long here vad, any thoughts?
[12:06] {Threei} no rythm... can't tell
[12:19] {Threei} AAPl looks like another long
[12:20] {Threei} around 129 with stop under .80
[12:23] {Threei} .25 break should launch another spike now
[12:24] {magoo} in
[12:24] {Threei} wqhere??
[12:25] {magoo} .12
[12:25] {magoo} not great
[12:25] {Threei} oh, OK
[12:25] {Threei} scared me
[12:25] {Chaeron} in .25
[12:25] {magoo} thats what i do here
[12:25] {Threei} half out
[12:25] {Threei} sheesh Chaeron...
[12:25] {Threei} that's what I was scared about magoo's post
[12:26] {Chaeron} out +.12 scalp
[12:26] {magoo} he'll be ok..going near 130
[12:26] {Chaeron} doh
[12:26] {Threei} very well could be
[12:26] {Threei} that's not the point
[12:26] {Threei} risk with .25 entry is way too high
[12:26] {Chaeron} 09:24] {Threei} .25 break should launch another spike now { { {
[12:26] {Chaeron} got it now
[12:26] {Threei} 12:19] {Threei} AAPl looks like another long
[12:26] {Threei} [12:20] {Threei} around 129 with stop under .80
[12:26] {Threei} that was the call
[12:26] {Chaeron} misread
[12:26] {Threei} that comment was running follow-up
[12:27] {Threei} trading is not about direction alone... risk control is paramount
[12:27] {Threei} and .25 entry is not a good risk management
[12:28] {magoo} agree
[12:29] {Chaeron} sorry... missed the 12:20 post and was wondering, but went for scalp... sorry.. I'll do better - promise
[12:30] {Threei} unless you like to be trouted, please do
[12:30] {Threei} out 1/4 more
[12:30] {magoo} out .64 now
[12:31] {magoo} TY boss
[12:31] {Threei} welcome
[12:31] * magoo slaps Laserdave1 around a bit with a large trout
[12:32] * Chaeron slaps Laserdave1 around a bit with a large trout
[12:32] {Threei} I will too mags, as soon as sell balance AAPL
[12:32] {magoo} lay oit .91
[12:32] {Threei} don't teach grandpa how to steel sheep
[12:32] {Threei} steal too
[12:32] {Chaeron} roflol
[12:33] {Laserdave1} u guys should really trout Vad for not trouting me......I mean thats a bit ridiculous
[12:33] * magoo slaps Threei around a bit with a large trout
[12:33] {Threei} oh have a little patrience, will ya
[12:33] {Threei} out in full
[12:33] * Threei slaps Laserdave1 around a bit with a large trout
[12:34] {Laserdave1} thats better now i can concentrate
[12:34] {magoo} [12:26] {magoo} he'll be ok..going near 130
[12:49] {cosmo} LEAPing
[12:59] {Threei} amazing how hyperactivity of the morning dies down to total still
[12:59] {Threei} OPEC ECONOMISTS PANEL: SEES NO NEED FOR OPEC TO RAISE OUTPUT AT NEXT MEETING
[12:59] {Threei} nope, no sir
[13:01] {Threei} US TREASURY SEC PAULSON: NOT INTERESTED IN 'BAILING OUT' INVESTORS
[13:01] {Threei} no?
[13:01] {Threei} {Investors} we are not interested in further investing then
[13:05] {dino} lgcy
[13:05] {dino} thin
[13:06] {Threei} BRCM
[13:06] {Threei} HEARING VAGUE TAKEOVER CHATTER CIRCULATING
[13:06] {Threei} vague eh?
[13:13] {Threei} everyone fell asleep?
[13:13] {Threei} just want to know whether I can remove soundproofing that prevents you from hearing me snorring
[13:17] {magoo} rimm bounce time?
[13:17] {Threei} 30 cents from low...
[13:18] {Threei} not sure mags
[13:18] {Threei} maybe yes maybe no
[13:18] {magoo} rimm short?
[13:19] * Threei slaps magoo around a bit with a large trout
[13:19] {magoo} finally
[13:19] {Threei} lol
[13:19] {magoo} was gonna start on bidu next
[13:20] {Threei} now, if bottoms out here and trades at .45, maybe dsouble bottom confirmation
[13:20] {Threei} but will require serious NQ help
[13:22] {magoo} i like aapl short if naz helps\
[13:22] {Threei} on .50 breakdown?
[13:23] {Threei} with .75 as resistance?
[13:23] {magoo} yeah, but needs naz fall
[13:23] * Threei adopts Socratic method
[13:23] {magoo} if naz poweers up, then over 130
[13:24] {Threei} once again RIMM is rejected by .44
[13:24] {Threei} little help by market and .45 will be nice long trigger
[13:24] {magoo} and ill be there
[13:24] {Threei} unless fall asleep?
[13:25] {cosmo} Socratic method = hemlock?
[13:25] {Threei} lol
[13:31] {magoo} i just have an inherant prob with mkt down 125 and aapl up 6 bux
[13:31] {magoo} no significant pullbk
[13:33] {_haley} rimm?
[13:33] {_haley} valid still
[13:33] {Threei} barely
[13:33] {Threei} very questionable
[13:33] {Threei} too deep pullback for my taste
[13:34] {Threei} and market doesn't seem to be very kind to longs now
[13:34] {_haley} ok
[13:34] {Threei} of course it can always spike hard... market I mean
[13:34] {Threei} as it did so many times over last days
[13:38] {magoo} i took aapl short off .50
[13:39] {magoo} needs naz help
[13:40] {magoo} i wish mkt would drop 200 points here
[13:41] {Threei} covering
[13:42] {magoo} missed .07
[13:42] {Threei} too bad didn't find guts to short RIMM too
[14:07] {Threei} AAPL... scared to say but starts looking like another long in the making, lol
[14:08] {Threei} 130, if stays above .80
[14:08] {magoo} and where would u wait?
[14:08] {magoo} .27?
[14:08] {Threei} just play it by ear
[14:10] {Threei} HARVARD ECONOMIST FELDSTEIN: CURRENT FED FUNDS RATE IS 'NOT SUSTAINABLE'
[14:10] {Threei} Fed: no? just watch us cutting even more
[14:14] {Threei} let's do it AAPL, it's time to stun everyone with how ell your digital toasters sell
[14:18] {magoo} RIMM going
[14:19] {Threei} trrrrigerrrred
[14:19] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNN
[14:19] {Threei} 1:1 in a hurry
[14:23] {Threei} 1:2
[14:23] {Threei} mine is out
[14:23] {Threei} mine is skerred
[14:24] {magoo} out .40 NICE
[14:24] {Threei} who are you calling nice?
[14:24] {Threei} this is so rude
[14:24] {Threei} noone ever called me nice and went unpunished
[14:29] {magoo} 131 vad coming
[14:36] {magoo} someone wake vad
[14:36] {Threei} why?
[14:37] {Threei} and think twice... do you really want to wake up a man with makarov under his pillow?
[14:40] {Threei} FSLR HEARING POSITIVE CHATTER CONCERNING POSSIBLE PENDING DEAL WITH PACIFIC ELECTRIC & GAS
[14:44] {Threei} so, do you see now how wrong sir Newton was about apples and gravity?
[14:45] {dptl} out aapl+1.00 TY
[14:45] {Threei} what??
[14:45] * Threei slaps dptl around a bit with a large trout
[14:45] {magoo} WWWWWWWWWWWWHHHHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAAA
[14:46] * Threei slaps dptl around a bit with a roll of $100 bills for indecent profits
[14:46] * magoo slaps dptl around a bit with a large trout
[14:46] {dptl} lol.....ah should of stay
[14:50] {magoo} wheres another aapl long trigg vad?
[14:50] {Threei} none for now
[14:50] {Threei} too vertical
[14:51] {Threei} needs to settle down and form something
[14:51] {Threei} also mags
[14:52] {Threei} why do you need to trade now? let's better focus on on our disliking dptl
[14:52] {Threei} do I have it right? Dow -75?
[14:53] {Threei} TASR RECEIVES 2 LAW ENFORCEMENT ORDERS
[15:10] {Threei} tempted to short AAPL on bounce
[15:12] {Threei} .70 resistance
[15:13] {Threei} in
[15:13] {Threei} .71 stop
[15:14] {Threei} can I be like dptl and hold for 130
[15:16] {magoo} what entry u grt?
[15:16] {Threei} .54
[15:16] {magoo} .47
[15:16] {dptl} .53
[15:17] {Threei} 1:1
[15:17] {Threei} AAPL offically changes its name to fiddle
[15:18] {Threei} honestly, never saw this stock so easy to read
[15:20] {magoo} u out?
[15:20] {Threei} half
[15:20] {Threei} .61 stop
[15:20] {magoo} half of a HL?
[15:20] {Threei} I want to be like dptl when I grow up
[15:22] {magoo} me TTTTOOOOOOOO
[15:24] {dptl} out +.67 ty
[15:24] {Threei} I put in stop at breakeven and cover at 130.53 and left for a smoke... when I am back one of them better be hit
[15:24] {Threei} welcome dp
[15:25] {Threei} great job today
[15:25] {magoo} out + .53
[15:43] {Threei} haha
[15:43] {Threei} I am all grown up now
[15:43] {Threei} +1.01
[15:43] {dptl} gj
[15:44] {Threei} inspired by you
[15:44] {dptl} :)
[15:48] {dptl} cost
[15:49] {Threei} I don't see anything fresh on it
[15:50] {dptl} well big sell...may be bounce
[15:54] {Threei} OK guys, that was a beautiful day
[15:54] {Threei} nice payout for yesterday's lull
[15:54] {Threei} thank you all, have a great evening, see you all tomorrow
[15:55] {magoo} TY vad
[15:55] {Threei} ugh, one thing I forgot
[15:56] * Threei slaps Laserdave1 around a bit with a large trout
[15:56] {Threei} now I can go
[15:58] {dptl} have a good evening all
[16:00] {magoo} thanx all