7:20:05 baletwine heya gogo
7:20:13 gogo123 good morning sir
7:20:17 gogo123 how is it going
7:20:18 baletwine now we're in The Center
7:20:26 gogo123 what is that?
7:20:29 baletwine fine thank….AGQ, wow dumpie
7:20:49 gogo123 wow
7:20:53 baletwine dunno. bob sent me a message a bit ago….at first i couldn't get in and he fixed it.
7:21:06 gogo123 what a move on AGQ
7:21:40 gogo123 Thank GOD I did Swing SLV yesterday
7:21:49 gogo123 I dont understand it any more
7:22:28 Lance0333
7:22:30 baletwine "didn't", you mean
7:23:13 baletwine i owned AGQ from the 166.11's the other morning and sold WAY too quick and felt stupid….now not as stupid…(after that nice entry)
7:23:38 baletwine looks like the 154's might have been it here? damn.
7:23:39 gogo123 i know
7:24:33 gogo123 yeah
7:24:56 gogo123 ZSL is a rocket ship
7:25:48 baletwine OXGN perhaps done.
7:26:02 baletwine BMTI halted.
7:26:13 baletwine i don't have much else here.
7:26:59 gogo123 CSCO is done for
7:28:35 gogo123 where is everyone at?
7:28:36 baletwine yep….i won't play it likely…unless it tanks a bit harder here in pre….
7:28:50 baletwine just me and you from now on. bob's new rule.
7:28:54 baletwine sorry.
7:29:04 gogo123 really?
7:29:08 baletwine :)
7:29:16 baletwine no….have no clue.
7:29:21 gogo123 LOL!!!
7:29:24 baletwine lemme check my messages from bob.
7:29:56 gogo123 I was like did I give him a bad trade … and he is punishing me for it :-)
7:32:51 baletwine sent him another message saying it was just the two of us…we'll see if a crowd develops..
7:33:08 baletwine
7:33:23 baletwine
7:36:33 baletwine test test
7:36:35 baletwine pass
7:37:22 Rocco Pendola
7:38:42 Rocco Pendola the center, eh?
7:41:28 baletwine hey maybe we are in the right place if rocco is here!
7:42:13 Rocco Pendola I really have no clue. I am going to try going thru the homepage of P2T in a minute to see.
7:42:43 mattmcjs
7:43:34 Piker
7:45:45 jesseah
7:45:55 Rocco Pendola guess we are good, eh?
7:46:00 Piker gm Jesse
7:46:03 Magellan
7:46:15 jesseah gm
7:46:47 baletwine i want the AGQ 154's back….dang it.
7:47:21 baletwine who knows, maybe it dumps to the 140's for all i know.
7:49:18 gogo123 Anyone has any thoughts on OXGN today?
7:50:18 Magellan Nice SLV move in the premarket.
7:50:44 kickask
7:51:04 gogo123 i think this color thing might be a good Idea… whenever I have good news I should just post it in color
7:51:19 gogo123 red bad… green good
7:52:10 Magellan I buy the reds and sell the greens
7:52:32 Lance0333
7:52:32 Magellan Any suggestions?
7:54:18 Magellan has nice momentum based moves
7:54:28 Magellan chase it up then chase it down.
7:54:43 baletwine OXGN — dips to 4.50's which i'll be too chicken to buy….runs to 4.90's or just over 5, then fades all day to lower 4's or high 3's…there, that's my prognosis!
7:55:44 baletwine i'd rather buy the 4.11's near the open if they happen, watch it squeeze, then short the 4.83's….uh-huh.. :)
7:55:54 baletwine honestly of course i have no clue.
7:56:09 glazby
7:56:13 Rocco Pendola morning numbers not very good… jobs, retail, all that jazz
7:56:30 Magellan China rasied reserve reqs again
7:58:31 Magellan Kiernan's daughter on CNBC…that is what is driving the markets down
8:00:52 Lance0333 lol
8:01:55 docm483
8:03:29 mattmcjs gm, SINA reported last night not impressive but going up
8:04:06 jesseah matt – did you see the sub growth there? its ridiculous
8:04:33 Magellan What time are the next numbers to be released?
8:04:48 jesseah 700k users oer day
8:05:06 mattmcjs I agree but guidance not very impressive, you think it is a buy here?
8:05:31 Newsbounce
8:06:17 nic
8:06:40 nic gm
8:07:03 Robert Weinstein
8:07:21 Robert Weinstein good morning traders
8:07:37 mattmcjs good morning Bob
8:07:55 racingprocup
8:08:24 Robert Weinstein what's good to look at today?
8:08:54 stonesthrow
8:09:01 Rocco Pendola saw this used Porsche the other day
8:09:03 Rocco Pendola low miles
8:09:06 Rocco Pendola good condition
8:09:24 Robert Weinstein All-wheel drive? It snows a lot here
8:09:30 stonesthrow good morning all
8:09:36 Robert Weinstein good morning
8:10:07 gogo123 Good morning
8:10:12 Robert Weinstein Rock, did you see the e-mail I sent you?
8:10:28 Robert Weinstein about Intel article
8:10:34 Robert Weinstein good morning Gogo
8:10:44 Robert Weinstein Gogoberg
8:10:44 Rocco Pendola sure did
8:10:49 gogo123 :-)
8:10:49 Rocco Pendola good stuff
8:10:52 Robert Weinstein funny
8:10:54 Rocco Pendola that'll be $10
8:10:57 Rocco Pendola :-)
8:11:05 Robert Weinstein :-)
8:11:25 racingprocup and I thought my rates were high
8:12:08 Mountain Man
8:12:11 Rocco Pendola I mean $5
8:13:58 racingprocup you'd have to pay bob to beat my rates
8:15:11 Rocco Pendola yeah, well, I am not into that.
8:16:32 jegnyr
8:16:46 OutsideFour
8:17:00 baletwine BASI low floater bumpin' on earnings….2.30 now.
8:17:08 Robert Weinstein
8:19:02 JV
8:20:05 Arnie
8:20:07 baletwine ZSL nice dip right now….
8:22:59 mattmcjs Bale, ZSL almost even, AGQ down big. what am I missing?
8:23:43 Magellan Fear stronger than Greed
8:24:05 Magellan Did GIS have earnings?
8:24:22 baletwine there is a tear within the space time continuum, matt.
8:25:12 determined
8:25:20 FAITHC
8:25:56 Arnie I think it could be due to longs hedging silver??
8:26:14 Robert Weinstein watching VRSN
8:26:34 trimmer30_98
8:26:50 mattmcjs ok thanks, looks like AGQ might be a good play
8:26:52 trimmer30_98 GM
8:28:48 Arnie watching STEC for bounce
8:29:09 Robert Weinstein < 1 min
8:30:02 pilotshort
8:31:57 Robert Weinstein good morning trim
8:32:13 Arnie GLD…good night Irene
8:33:36 Robert Weinstein IL dying again today
8:34:33 jesseah looking to buy it again bob
8:34:34 jesseah IL
8:34:46 Robert Weinstein me too
8:35:00 Robert Weinstein currently keeping powder dry
8:36:05 JuanVillar
8:36:08 JuanVillar gm
8:36:21 JuanVillar ahh new layout i like it
8:37:30 racingprocup LTUM little bump
8:37:46 baletwine no OXGN shares…flying…good gracious.
8:37:53 Hugh
8:38:02 Hugh GM everybody
8:38:09 Robert Weinstein good morning
8:38:10 Arnie out stec -$64
8:38:29 Hugh have u seen KSS in premarket session
8:38:36 Robert Weinstein fu stec
8:38:56 Robert Weinstein not me
8:39:02 racingprocup Bob said OXGN could go to seven, guess Bob knows his shit
8:40:06 Robert Weinstein Jess, IL looks kind of scary, the CEO was on Cramer last night. So I would think some of the buying right now is from the Cramer dummies
8:40:21 Robert Weinstein I would like to see another leg down
8:41:42 Robert Weinstein race : o )
8:42:40 Robert Weinstein nice
8:42:45 racingprocup DVOX
8:43:20 nic apol
8:46:25 Newsbounce in SLV for a bounce
8:46:37 racingprocup Bale, thoughts on DVOX?
8:47:35 Robert Weinstein go EDUs go (that means you too COCO)
8:48:03 Magellan KSS so strong despite broader market
8:48:21 gogo123 AKAM
8:48:23 gogo123 takaover
8:48:40 racingprocup I didn't know gogo was italian
8:48:57 Robert Weinstein lol
8:49:22 gogo123 lol
8:49:36 baletwine DVOX wow….no thoughts….on list…
8:52:12 Arnie out 1/3 slv +.27
8:52:32 Robert Weinstein nice
8:52:54 racingprocup DVOX thinking of buying at 7 now have bump on head from banging on wall for not doing that
8:53:31 nic I think KSS had earnings this mornings. TGT is pretty strong too and breaking a nice trendline.
8:53:55 Arnie out rest +.25
8:54:20 Arnie in AKAM
8:54:25 Newsbounce out slv 32.40
8:54:30 Arnie 0.6
8:54:42 nic cien
8:55:26 Arnie someone else posted it
8:55:32 Arnie thanks gogo
8:55:52 stonesthrow got in AKAM at .45 yes thx gogo
8:56:15 Arnie out akam +.25
8:57:00 gogo123 Arnie np
8:58:11 stonesthrow out akam +.37
8:58:33 Robert Weinstein nice
8:58:52 stonesthrow Thanks
8:59:22 Magellan You are only a Stonesthrow away from a profitable day.
9:00:00 stonesthrow heh – true enough
9:00:48 Arnie in ZSL
9:00:54 Arnie .08 and .07
9:02:03 Arnie out 1/2 +.33
9:02:17 Magellan AKAM +70 out, KSS +62 out, SLV +23 out. Thanks everyone.
9:02:27 Arnie back in akam small .70
9:02:47 gogo123 Arnie long or short on AKAM?
9:02:48 Arnie well done
9:02:51 Arnie long
9:03:01 Arnie I have bidfs scaled down to .50
9:03:07 gogo123 I am short
9:03:36 Arnie just don't take it below .49 :)
9:03:41 gogo123 MACD is about to cross, its usually my short signal
9:04:05 Magellan RIMM chart a cautionary tale.
9:04:50 Magellan tell your kids to stay away from RIMM!
9:04:58 Arnie tempted to start putting some rimm in 401k
9:05:35 Arnie wow, you think it get there?
9:06:05 Arnie I hear they have some stuff in the pipeline that should help early next year
9:06:19 Arnie watching GLD
9:07:00 Magellan How many times have we heard that silver is an industrial metal as well.
9:07:40 Arnie out last ZSL +.40
9:07:50 Arnie GLD looks like it wants to bounce
9:07:57 Robert Weinstein good work
9:08:22 Magellan SLV below 32 could be a serious party.
9:09:22 Arnie AKAM
9:09:29 Magellan News on vrsn?
9:09:40 trimmer30_98 notcolin u shorting cree?
9:10:07 trimmer30_98 k
9:10:22 Magellan Should we put the Coor's Silver Bullet on ice?
9:11:11 Magellan By the time the "Super Cool" label turns blue…..
9:12:11 Magellan watch the SLV 33.00 level
9:12:12 gogo123 CHBT fraud
9:15:57 Robert Weinstein STEC closing in on 15
9:16:50 mattmcjs bought ZSL dip .44
9:17:21 Magellan Long stec at 15?
9:17:29 Robert Weinstein no
9:18:07 gogo123 ODP
9:18:08 Robert Weinstein around 14 I would become interested
9:18:23 gogo123 cancelled out of bernstein conf-rumor of getting bought
9:20:26 Arnie out last AKAM flat
9:20:47 nic CCJ
9:20:51 nic CHKP
9:21:16 mattmcjs out zsl +.32
9:22:07 baletwine ODP…and that other one…CNC? cancel a conference and make 'yer stock rocket.
9:25:34 jegnyr AA unch
9:28:29 baletwine penny pos coffee rocket JAMN now 4.80's…."wow"
9:28:40 Magellan Anyone short STEC?
9:29:23 gogo123 UNG numbers are coming out soon
9:29:49 baletwine not me mags….STEC i feel like it's too late to spank it much…maybe though. when STEC is unwanted it's really unwanted…and often for longer than one would think is warranted.
9:29:49 gogo123 30 seconds
9:30:03 gogo123 UNG
9:30:42 gogo123 UNG is nothing
9:30:48 gogo123 numbers are in line
9:32:01 Robert Weinstein Rock, I just read your Netflix article. Really good work
9:32:18 Rocco Pendola which one?
9:32:27 Rocco Pendola thank you either way
9:32:31 Rocco Pendola I appreciate that
9:33:08 Robert Weinstein insider point of view
9:34:10 Robert Weinstein fu gs and ccl
9:34:46 Rocco Pendola the "insider" responded
9:35:36 Robert Weinstein did he want your address to send a Christmas card?
9:36:07 gogo123 Hbi cfo resigns
9:36:37 Robert Weinstein Chinese company?
9:37:41 gogo123 nah.. its a US company
9:38:00 gogo123 Consumer goods/Textile -Apparel Clothing
9:38:14 gogo123 the volume is sh#t
9:39:02 Rocco Pendola he was cool, but still not convincing!
9:40:58 FAITHC long some bull spread trades in DE. what do you guys think?
9:41:42 Robert Weinstein Nothing runs like a deer
9:42:24 baletwine MBI movin' up.
9:42:41 FAITHC Thanks for the confidence Robert
9:44:54 mattmcjs SINA would have been a great short
9:45:35 gogo123 YHOO
9:46:28 FAITHC Oh no, not SINA! I hate that stock or moreso that stock hates me.
9:48:09 mattmcjs I know, I thought earnings were not that good and sure enough the pump has faded
9:52:55 Robert Weinstein lol
9:53:26 Maverick21
9:54:19 Lance0333
9:54:21 baletwine Pnsn ~~~ tank
9:54:27 Lance0333 Num3Ber03
9:56:58 gogo123 Any thoughts on RVBD?
9:57:27 Rocco Pendola I'd bang their PR girl
9:57:30 Rocco Pendola that's about it
9:57:40 gogo123 LOL!!!
9:58:25 baletwine PNSN jeeez
9:59:24 jesseah gulp
10:02:40 Newsbounce in PNSN for a bounce scalp
10:02:42 Newsbounce 3.1
10:03:32 Magellan Shorted 3000 shares of PNSN for a 7c gain.
10:04:19 Magellan Actually thought I was long. Tried to close and ended up shorting more. Love it when accidents make money
10:04:44 Magellan BY the way, my accidents make money 1 out of 100 times.
10:06:33 Arnie RVBD sniffing hod
10:07:40 FAITHC views on SLV?
10:08:32 Magellan Looks range bound at the moment.
10:09:39 FAITHC guess better than down, down, down
10:10:01 Magellan I am staying away between 32.50 and 33.00
10:13:32 baletwine JAMN cheap now….5.30's unreal.
10:14:54 Maverick21
10:22:46 Robert Weinstein
10:26:54 Arnie wow GS…wonder if that Raj case has anyhing to do with this
10:27:03 baletwine QCOR 22.92's +2.42 on spank-notification
10:28:12 Robert Weinstein natural gas article is cranking up the heat :-)
10:28:21 Arnie out 1/2 rvbd +.54
10:28:27 Robert Weinstein nice
10:28:28 Arnie that took forever
10:28:41 Arnie still in that ODP slightly red
10:29:02 Magellan Ride the wave
10:30:58 Magellan great to be able to get 5,000 shares filled instantly. Sikver bulleet is Super Cool now. Out +20.
10:31:10 Robert Weinstein good work
10:31:28 Magellan I won't tell you I started short at 33.00.
10:32:31 Robert Weinstein that's probably a good idea…
10:32:52 Robert Weinstein STEC near lows of the day
10:33:25 Magellan that 14.96 (lod) is where I shorted it before.
10:33:39 Robert Weinstein LOL
10:33:47 Robert Weinstein you're joking right
10:33:50 Magellan managed it and made 40.
10:33:55 Magellan No joke
10:34:12 Robert Weinstein so I am not the only one who does that :-)
10:34:30 Magellan I am learning from you, lol,
10:34:53 Robert Weinstein I definitely have that down
10:35:03 Magellan Hate to keep adding to a losing position. But this time it worked.
10:35:10 baletwine JAMN a giveway 6.10's
10:35:17 baletwine give-away.
10:35:25 baletwine i need to look at something i can trade.
10:36:53 Arnie guilty here shorting lod many times
10:37:19 Arnie still better than trying to pick bottom
10:37:30 Arnie at leats the stop can be small
10:38:09 Arnie out last RVBD +.50
10:38:27 Arnie what a name…
10:38:31 Arnie Dicker
10:38:35 Arnie on cnbc
10:40:11 Arnie I can't get a quote on that
10:41:26 STG
10:41:31 baletwine PNSN got a downgrade…but all i heard…don't know much…chatter of secondary?…sorry.
10:42:15 Arnie I used to clear thru penson back in 90's
10:42:29 Arnie they sucked
10:42:47 Magellan Lightspeed uses Penson
10:44:17 STG What did you not like Arnie?
10:44:47 Arnie we were using Real Tick and they would have to call us on fills in real volatile stocks
10:45:04 Arnie needless to say, that was very discomforting at times
10:45:14 STG yeah
10:45:50 Arnie so you would send in an order and not know where or if you filled for like 2-5 min
10:46:55 STG weird, like Mag said LS uses them. I've never had an issue
10:47:43 Arnie online trading then and now completely different
10:47:53 Magellan I like them. I received my 2,000 page year-end-statement and it actually made sense.
10:47:54 STG yeah
10:48:30 Arnie mag, do you list every trade for taxes or just summarize by symbol?
10:48:53 Magellan I am incorporated.
10:49:00 Arnie so K1?
10:49:02 jesseah colin – I cant paste for some reason…but the news on PNSN is pretty ugly
10:49:52 Magellan essentially the same thing as a k-1
10:51:24 Magellan Penson summarizes gains and losses. That is what i include. I traded over 10 million shares last year. Hundreds of trades/day. Not feasible to list every trade
10:51:56 Arnie holy shit
10:52:10 jesseah megellan – you are w/ Pension too?
10:52:14 jesseah are you worried?
10:52:23 Arnie how long you been incorporated?
10:52:29 baletwine Penson Worldwide: Color on 22% drop (4.10 -1.06) : PNSN is trading down 22% today, with the weakness being attributed to concerns about a potential write-down with respect to its nonaccrual receivables.
10:52:56 baletwine story goes on….blah-blah…i could paste it here but it's 6x longer than that.
10:53:15 jesseah they are using bonds collateralized by racetracks!
10:53:20 jesseah I am worried
10:53:30 Arnie you with Penson, jess?
10:53:43 Magellan Is there a problem with Lightspeed?
10:53:49 jesseah i am arnie
10:53:54 Arnie if its Nascar race tracks you good
10:54:08 Arnie if its ponies, not so much
10:54:17 jesseah no problems with lightspeed…problem is with pension
10:54:42 jesseah woudl think lighspeed on top of it enough to get out in time in case something really bad happens
10:54:57 Arnie those accnt would be cov by insurance right?
10:55:08 jesseah up to $250k cashe
10:55:09 Magellan I am with Lightspeed who uses Pesnon. A trader friend from GS is saying there is some problem with Lightspeed. NOt sure what
10:55:11 jesseah cash
10:55:28 Arnie JDSU
10:56:01 Magellan Lightspeed traders…go long on PNSN to save our accounts. lol.
10:56:14 Arnie stock looks like it stopped trading
10:56:20 STG MAg, great minds think alike!
10:57:17 Magellan I will post a 5 million share limit buy order at 3.00 to scare away more shorting.
10:57:22 Robert Weinstein Jess, with cash above 250 you cuold buy GE, sell calls and buy puts to create a neutral beta at no cost to protect yourself
10:58:15 Robert Weinstein or with SPY QQQ etc…
10:58:21 jesseah i guess…but then lose BP
10:58:40 Robert Weinstein lose only 1/4 if your reg T
10:58:51 Robert Weinstein less if your portfolio
10:58:56 jesseah and even worse…god forbid worst case I actually have to use SPIC to get my $$ out….how long that gonna take
10:59:03 jesseah ?
10:59:07 Robert Weinstein and you only need to do it for dollars > 250 in account
10:59:18 Robert Weinstein no idea
10:59:32 Magellan GS trader says Lightspeed ok
10:59:32 Robert Weinstein doubt it would be long at all
10:59:53 Robert Weinstein banks with the FDIC usually have no down time as the FDIC does it on the weekend
11:00:39 Robert Weinstein is $3 going to hold?
11:01:54 Magellan I am getting a Worddcom feeling…
11:02:01 Magellan Worldcom
11:02:28 jesseah more like BSC LEH
11:04:26 Robert Weinstein AR is already pretty high before a write-down
11:04:44 Robert Weinstein relative to revenue anyway
11:04:51 Magellan T3Live, SMB both use Lightspeed.
11:06:20 Robert Weinstein STEC new low
11:07:56 Magellan BOb, that 14.89 STEC is not mine.
11:08:34 Robert Weinstein LOL
11:09:32 FAITHC
11:15:55 Robert Weinstein I am running the numbers and STEC is still not very cheap
11:16:13 Robert Weinstein not cheap like panic selloff giving away the shares for nothing type of cheap
11:16:33 stonesthrow I like that kind of cheap
11:17:01 baletwine STEC no debt, 1.71 expected next year
11:17:08 Robert Weinstein me too, when I see it at Wal-Mart in the bargain bin for returns
11:17:19 Robert Weinstein nope, lucky to make a dollar
11:17:25 baletwine agreed…more of a price roll-back is in order.
11:17:44 Robert Weinstein they are guiding $.20-$.30 for next quarter
11:18:36 Robert Weinstein piece of no shit now (PNSN)
11:18:59 STG I hope LS has a contingency plan
11:19:27 Magellan Clearly seeing a downward pattern to PNSN
11:20:15 mattmcjs
11:20:28 STG only 50% in two days…
11:20:52 Magellan In case everyone hasn't already read "Reminiscences of a Stock Operator", please do.
11:21:06 STG indeed
11:21:11 baletwine roger that on STEC — estimates will come down…10 anal-ysts calling 1.71 on yahoo still.
11:21:28 Robert Weinstein Jess, you better start doing some serious volume quick to help them out
11:21:57 Magellan When you traders have made a good amount of money for the day. Do you leave well enough alone or keep trading?
11:22:04 jesseah up 90mil right down…..
11:22:27 jesseah mkt cap 78mil
11:22:34 jesseah 90mill write down
11:22:36 jesseah do that math
11:23:04 baletwine jesseah you talking PNSN there?
11:23:33 STG varies for me, Mag if I keep getting confirmed signals I am in but if it's discretionary I will be more conservative
11:24:49 baletwine i can't buy PNSN here, 2.74's, want more dump and wash-out….super weak.
11:25:07 baletwine but maybe it runs north in a hurry.
11:25:21 baletwine meanwhile, JAMN 6.30's to 4.30's, lol
11:25:27 nic peet
11:25:35 nic coo
11:30:28 Magellan STG so no taget goal for the day.
11:31:19 STG like Reminiscences..can't try to earn an ordinary wage :) I have quarterly goals
11:32:05 Magellan SLV another 11c X 2,000.
11:33:00 Magellan Does anyone know of independant traders who make 500K / year?
11:33:24 STG there's this guy in Northern Wisconsin..
11:33:55 Rocco Pendola Bob would not walk through his office door in the morning for just $500K
11:34:19 STG you're right Rocco
11:34:29 Magellan Is he the guy who talked the his paper boy to deliver tomorrow's paper for a tip.
11:35:01 Robert Weinstein LOL, I have not made that much in a single year. But I am fortunate enough to say that my worst year was a gain of 19% time weighted average
11:36:34 Rocco Pendola When I did cold calling, the guy who ran my area once told us in a morning meeting, as he threw his bankroll onto the conference table, that he "would not walk through the door in the morning for less than $10,000 a month."
11:38:57 Robert Weinstein I will trade for food
11:39:26 Magellan Anything I can do in my underwear is good for me….
11:40:02 Magellan SLV
11:40:41 STG exactly Magellan, I just want to be happy
11:41:01 Rocco Pendola I know.
11:41:05 Arnie Mag, a guy in Et made a lil over $800k last year
11:41:11 Rocco Pendola He was an idiot
11:41:32 Magellan ET?
11:41:39 Arnie Elite Trader
11:41:40 Rocco Pendola Extra Terrestrial
11:41:52 trimmer30_98 Extra Testicle
11:41:56 Rocco Pendola LOL
11:43:42 Arnie http://dealbreaker.com
11:43:54 Arnie ^^if you're bored
11:46:22 Magellan I try to make between $500-$1000 a day on average.
11:46:42 Arnie $100-$300 here
11:46:54 Arnie like to keep losers under $100
11:47:20 Magellan Had a 1500 loser yesterday. I like your 100 idea better.
11:47:32 STG I try to make money and be happy
11:47:53 Magellan Making $ makes me happier than losing money.
11:48:00 STG always
11:48:13 Magellan But if you are too focused on the P&L you will lose
11:48:47 Arnie yep
11:48:57 Arnie gotta risk it to lose it
11:49:15 Magellan I agree
11:50:18 Arnie my accnt only about 50k so Im only taking small risks
11:50:37 Arnie once I get 100k, I'll up size
11:50:48 Arnie so maybe I can do 300-900
11:51:22 Arnie biggest day last year was a lil over $3000
11:51:34 Magellan That is great
11:52:11 helios
11:52:31 Magellan If you can live your life and grow your account at the same time, that is all there is to it I guess.
11:52:58 Arnie that was a carry over from a Friday
11:53:30 Magellan Staying with KSS since the morning.
11:53:35 Arnie no, long SWKS and JNPR both slightly red
11:53:53 Arnie time of day.
11:54:25 Arnie I bet I have less than 20% winners in mid day chop
11:54:38 Arnie mornig is like +75%
11:54:45 Magellan Arnie your are right. Pool time.
11:54:54 Arnie after 2:30 [prolly around 40-50%
11:58:14 Arnie QCOM JDSU
12:02:20 Arnie metals moving
12:02:35 Arnie or should I say "moved"
12:04:42 Arnie Bob, I'm so bored I went back to read comments on your SINA piece last month….some real kooks there
12:05:23 Robert Weinstein lots of love lots of love
12:06:03 Arnie shoulda bought qcom
12:07:10 Robert Weinstein good work
12:08:52 Robert Weinstein they were especially good
12:13:56 baletwine might buy ZSL on uber tank
12:16:26 Arnie out JNPR and SWKS +64 total
12:16:35 Arnie flat now
12:17:03 Robert Weinstein
12:17:11 nic syy nice
12:17:14 gogo123 SINA
12:17:21 Robert Weinstein nice
12:17:39 gogo123 downgrade
12:19:16 mattmcjs bought ZSL back at 20.60
12:20:28 gogo123 what a short on SINA
12:21:03 Arnie STEC
12:22:47 gogo123 yep
12:22:56 gogo123 I covered too early for 500
12:23:04 gogo123 I could of made 1k+
12:25:21 baletwine he might regret it.
12:31:15 Arnie cant open
12:31:24 gogo123 PNSN
12:32:10 jesseah long 5
12:32:17 jesseah pnsn
12:32:45 STG Bale you're waiting for a wash out entry was a great call @ 2.74!
12:33:40 baletwine i know! :(
12:35:32 gogo123 man… what a waste on SINA
12:35:41 gogo123 :(
12:35:43 Robert Weinstein INTC moving higher, obviously on the heels of my article
12:37:09 baletwine R-dub is a market mover!
12:42:24 baletwine long ZSL got shaken out here though, +36
12:50:09 STG been scalping NVLS short 37.50ish
12:53:42 gogo123 QCOR
12:53:44 gogo123 dam
12:57:02 Robert Weinstein
12:58:43 baletwine wow QCOR….back on front screen.
12:59:35 STG another .14c NVLS
13:02:32 STG anybody have a link to that detailed Penson info?
13:03:54 gogo123 VRML
13:04:40 gogo123 sorry
13:04:43 gogo123 i was late
13:04:50 gogo123 I was taking a shower
13:05:01 gogo123 NOG negative
13:05:50 baletwine no gogoberg terminal in the shower? wtf
13:07:03 gogo123 man…. that was the alert of the day
13:07:05 gogo123 VRML
13:07:19 gogo123 Miss VRML alert and the QCOR short
13:08:39 baletwine i saw VRML 4.20's and couldn't buy it there…have no shares to short it…added to list for the day…thx.
13:08:54 baletwine and shower pre-market in the future….
13:09:06 Arnie FSLR
13:22:10 Maverick21
13:24:23 stonesthrow out il +.31
13:24:38 FAITHC
13:25:10 stonesthrow …and there goes a big NOG drop
13:25:39 jesseah PNSN bleeding to death
13:27:17 Maverick21 GLD & SLV going Red again
13:27:20 FAITHC problems with trading computer. Can someone tell me where DE and SINA are?
13:27:40 nic DE at 90.68 by 69
13:27:54 nic sina 116.35 by 46
13:29:23 FAITHC thank you, that SINA will take you for a ride
13:36:50 pilotshort
13:37:50 Arnie PANL
13:42:32 trimmer30_98 Arnie are you doing anything with PANL?
13:44:56 Maverick21
13:57:47 baletwine HYC !!!
13:58:36 JuanVillar PAY
13:58:36 Robert Weinstein maybe on to $8 or less
13:58:43 JuanVillar gogin down hard
13:58:48 JuanVillar going*
13:58:53 baletwine HYC Hypercom drops ~50 cents as headlines cross wires regarding the DoJ filing suit to block Verifone's (PAY) acquisition of HYC (10.66 -0.22)
13:59:33 Iceberg
14:01:12 Robert Weinstein watching HYC
14:03:12 Lance0333 pnsn gonna give up that double bottom I bet
14:03:33 Robert Weinstein long HYC
14:04:57 trimmer30_98 Robert Weinstein @what price
14:05:59 Arnie jnj
14:06:13 stonesthrow i have some trade restriction signal on HYC …. WTF wont let me buy
14:07:14 Arnie I bought some with IB
14:07:24 Arnie who's your broker?
14:07:50 stonesthrow i-trade scotia
14:08:05 Arnie Canada?
14:08:12 stonesthrow yea
14:08:20 Magellan PAY
14:08:23 Robert Weinstein 8.58 currently
14:08:43 Arnie I'm at .70 nice entry, Bob
14:08:54 Robert Weinstein 8.54 now
14:09:12 Robert Weinstein scalping for pennies on it as well
14:09:45 Arnie over 9.00 it runs
14:10:43 Robert Weinstein .70 is really good as well
14:10:48 Magellan PAY news?
14:10:54 Robert Weinstein think about those that entered at 9.50 : o )
14:11:16 baletwine HYC Hypercom drops ~50 cents as headlines cross wires regarding the DoJ filing suit to block Verifone's (PAY) acquisition of HYC (10.66 -0.22)
14:12:32 jesseah PNSN statementy
14:12:52 Magellan Bale what is your news source for trading?
14:18:01 Arnie PNSN halted
14:18:28 Robert Weinstein Hotz, hmmmmmm
14:18:52 Robert Weinstein i said if they halt it will be good news……
14:19:35 Robert Weinstein out hyc +.41
14:19:53 Robert Weinstein thank you
14:20:24 baletwine PNSN halt
14:20:39 baletwine ah…i see arnie…thx.
14:20:43 Robert Weinstein prolly not gonna open up until AH at the earliest
14:21:05 Arnie I got stopped out HYC moved stop to b/e
14:21:54 Robert Weinstein PNSN says all is fine, move along and carry on your normal business
14:22:16 Robert Weinstein HYC keeps going i might end up short it
14:22:29 Lance0333 pay is the winner no?
14:22:35 Lance0333 hyc
14:22:37 Robert Weinstein no winner
14:23:22 Lance0333 generally the acquirer will pop if the deal doesn't go through because of the arbitrage of the merger…..shorts cover
14:23:28 nic sohu
14:23:33 baletwine PNSN Penson Worldwide: Says Market Activity Related to Non Accrual Receivables; stock halted -Update-
14:24:19 Robert Weinstein lance, with so few players in the space PAY would have a lock on most of the business
14:24:48 jesseah cmon PNSN! gap up 4
14:25:35 Robert Weinstein lol
14:25:39 Robert Weinstein u long?
14:26:42 Lance0333 pnsn
14:27:22 jesseah thanks COlin – long 11 here
14:27:48 jesseah not sure it matters
14:28:04 jesseah GOOG android deal
14:28:06 jesseah for NFLX
14:28:21 Newsbounce YOKU 46.90 crashing . in for a scalp
14:28:39 baletwine PNSN re-start 3:45
14:28:51 Magellan unidirectional unlimited volume….that's for me….
14:29:05 Magellan PAYed
14:30:36 Robert Weinstein yup
14:33:31 Racingprocup
14:33:33 baletwine what is a "non accruing receivable"?…re: PNSN
14:33:47 Magellan SOmething bad
14:34:07 Magellan In my technical opinion
14:34:40 Magellan Anyone short SLV?
14:34:42 Robert Weinstein lol, its not bad it is just too much of a receivable from one party, the risk is that if they do not pay it could kill the company or seriously put a hurt on it
14:35:18 baletwine sounds bad. thx.
14:35:41 Robert Weinstein the receivable is due but not being paid, and or should be receiving interest that is not paid
14:36:02 Magellan THat makes sense
14:36:26 Magellan Big client not paying…..
14:36:39 Robert Weinstein it really depends on who owes it and what is the collateral
14:37:08 Robert Weinstein right, the client could be good for it but slow in paying, just not enough information
14:37:35 Robert Weinstein prolly Jesse's counterpart to some trades….
14:37:43 Robert Weinstein counterparty
14:37:59 jesseah lol
14:38:36 Newsbounce YOKU new lows added more
14:42:09 baletwine PNSN 3 minutes, high bids L2
14:43:46 Arnie looks like they made a sweetheart deal with the CEO of the Retama Dev Corp
14:44:46 jesseah 3.24 opening
14:45:37 Magellan Would have expected a squeeze.
14:45:40 Robert Weinstein not quite $4….bummer
14:46:02 jesseah im out most
14:46:25 jesseah just 11
14:46:40 jesseah got 5 left
14:48:22 jesseah all out
14:52:03 Robert Weinstein
14:52:09 Robert Weinstein nice
14:54:13 baletwine Some earnings Tonight: bbox, body, ca, dar, drys, eslr, flt, ga, jwn, nvda, and spwra.
14:54:53 FAITHC
14:58:47 Magellan Have a good weekend. Off until Monday.
14:59:19 Arnie c ya Mag
15:01:01 FAITHC I know this is a dumb question. Does anyone think SINA will make comeback tomorrow, even just a little.
15:01:57 Arnie how much is a little?
15:02:41 Robert Weinstein not dumb, doubt it will bounce much. lock up is coming to an end
15:03:14 Robert Weinstein no income and about 9x price to revenue
15:03:19 Robert Weinstein not much to like about it
15:03:48 Robert Weinstein plus the books are prolly cooked beyond what my wife likes her steak at
15:03:56 Arnie plus its a china stock.
15:04:06 jesseah GAAP guys like it – growth at absurd price
15:04:26 baletwine VRML had a squeeze…wow
15:04:27 jesseah heard that one on cnbc
15:04:38 jesseah night all
15:04:47 Arnie night John Boy
15:05:01 FAITHC I never liked it in the first place. My other half gets us into these trades and then I spend the 2 weeks before expiration trying to scramble for premium. It is getting old. I agree the books are probably cooked.
15:10:27 baletwine JWN spankwatch
15:12:04 baletwine c'mon….JWN git higher….
15:12:24 Robert Weinstein Faith, i wrote an article (two i think) about what i think of SINA and YOKU
15:12:44 Robert Weinstein they are on SA
15:14:48 FAITHC
15:15:18 Robert Weinstein
15:15:19 FAITHC Robert, where are those articles. Are they on seeking Alpha?
15:15:26 Robert Weinstein yea
15:15:52 Robert Weinstein "sina is overbought vs. competitors is one
15:16:12 Robert Weinstein i wrote about it in one or more other articles too
15:16:34 baletwine JWN
15:16:41 baletwine still not in…
15:16:43 FAITHC I'll look for them. Thanks for the help
15:17:16 Robert Weinstein sure np, Just keep in mind its an overview and not a deep study by any means
15:17:44 baletwine .08's
15:18:03 FAITHC trading – never go into deep study. I have found over the years financials don't determine where the stock goes for a day trader
15:18:10 Robert Weinstein for in depth studies you need to read Rocco's articles : o )
15:18:26 FAITHC On sina
15:18:26 Robert Weinstein yeah, thats very true
15:18:26 Rocco Pendola Damn straight!
15:18:36 Rocco Pendola breaking some news right now… small news, but still news.
15:18:38 Rocco Pendola on BBY
15:18:43 Rocco Pendola would impact the stock so no worries
15:18:48 Rocco Pendola WONT impact
15:20:45 FAITHC See you tomorrow. Only, 6 more days to expiration and I have a lot of premium I have to collect from the street.
15:21:06 Robert Weinstein have a good night
15:23:51 baletwine covering here…JWN…prolly early.
15:24:42 stonesthrow NVDA seems pretty happy
15:27:29 baletwine JWN lol…i ALWAYS cover too soon.
15:29:24 Robert Weinstein
15:32:41 Robert Weinstein if you're not leaving money on the table…
15:34:47 baletwine yeah…but i cut my winners the way i should cut my losers…'ya know what i mean? the losers are fine if you let the winners at least run a bit. just a measley little bit. i was green in the position but feared the squeeze into "real green" for JWN, by another bump over 49 and holding it….etc. it was that buyback news that goosed the stock i think.
15:35:40 Robert Weinstein buyback programs are probably the biggest fraud put on the average stockholder
15:36:42 baletwine DAY big pop….not a lot of volume…big b/o on daily
15:39:34 baletwine DAR — sorry….not DAY
15:40:03 baletwine this defense of big oil going on is quite the road show…
15:42:25 baletwine NVDA dump
15:45:06 stonesthrow The NVDA party was short lived – must have run outta booze pretty quick
15:45:26 Robert Weinstein
15:45:51 Robert Weinstein perhaps it was BYOB
15:48:38 stonesthrow I think thats why those revellers left quick
15:50:06 baletwine i spent 3 seconds reading NVDA's report….seemed good….heh.
15:52:10 Robert Weinstein sounds like full due dilligence to me : o )
15:52:46 Robert Weinstein have a good night and see ya all tomorrow
15:53:42 stonesthrow I find the over $18 NVDA crowd is a pretty tough audience – hot and cold
15:57:58 baletwine VRML wow
15:58:05 baletwine check it AH now…
16:02:33 stonesthrow wow VRML – big gainer … and its fun saying it to boot (Vrml – yea abc exterminators .. I have some VRML in my basement I think)
16:04:39 stonesthrow was VRML a Gogo alert
16:07:03 baletwine LOL stoner!
16:07:25 baletwine uh….maybe gogo but he might have left by then…don't rememger
16:08:35 baletwine i don't have VRML shares….
16:08:57 baletwine but have some VRML in the kitchen.
16:09:38 baletwine ok….now i'm remembering…VRML was the "in the shower" alert….he was late with it a few minutes.
16:10:35 stonesthrow thats right – with QCOR -
16:11:22 stonesthrow I almost hit QCOR – thought I missed it – but it had a ways to go
16:12:55 stonesthrow somewhat annoying – but I am learning – as Bob refers to them as taxis – always another
16:15:04 baletwine i like to think i'd have hit QCOR…was looking at it for a few min. around 11:30 then quit…always another taxi, yes.
16:16:00 baletwine by the time i saw it mentnioned again it was two minutes or so past the high, and i was getting it dialed in and moved on feeling i missed it.
16:18:03 stonesthrow Exactly – me too thought i missed – yet nice big drop! Its funny I always seem to miss the Volcano shorts – the nice symetrical rise and fall jobbies – I always seem to ride the nail biters, the character builders
16:20:53 stonesthrow The Travis Bickle driven taxis
16:30:48 baletwine YHOO in the tank here….just seeing it.
16:31:09 baletwine YHOO Yahoo! Inc. releases statement regarding Alipay (17.17 -0.03) Yahoo! (YHOO), issued the following statement in response to recent media reports regarding the timing of the restructuring of Alipay: On March 31, 2011, Yahoo! and Softbank were notified by Alibaba Group of two transactions that occurred without the knowledge or approval of the Alibaba Group board of directors or shareholders. The first was the transfer of ownership of Alipay in August 2010. The second was the deconsolidation of Alipay effective in the first quarter of 2011. Yahoo! disclosed this restructuring in its 10-Q after discussions with Alibaba Group and obtaining a better understanding of this complex situation.
22:03:43 Rocco Pendola
