Desk Log

NewsAlert [07:00] EARNINGS ALERT: SUNW SUNW Upside Earnings Alert: 3Q Op 26c; First Call 23c..
NewsAlert [07:01] EARNINGS ALERT: SUNW Sun Microsystems 3Q Revenue $4B Vs $2.96B.
NewsAlert [07:02] EARNINGS ALERT: ODP Upside Earnings Alert: 1Q 32c; First Call 29c..
NewsAlert [07:02] EARNINGS ALERT: DS Upside Earnings Alert: 1Q 34c; First Call 32c. .
NewsAlert [07:03] EARNINGS ALERT: ARTC Upside Earnings Alert: 1Q 36c; First Call 27c.
NewsAlert [07:03] EARNINGS ALERT: ECSI Upside Earnings Alert: 1Q (25c); First Call (31c). .
NewsAlert [07:04] EARNINGS ALERT: ININ Upside Earnings Alert: 1Q (12c); First Call (16c). .
NewsAlert [07:04] EARNINGS ALERT: MERQ Upside Earnings Alert: 1Q 11c; First Call 10c. .
NewsAlert [07:04] EARNINGS ALERT: CNXS CNS Q1 LOSS 6 CENTS MORE THAN STREET ESTIMATES.
NewsAlert [07:04] EARNINGS ALERT: PWAV Upside Earnings Alert: 1Q 48c; First Call 33c. .
NewsAlert [07:05] EARNINGS ALERT: VISX Upside Earnings Alert: 1Q 30c; First Call 27c.
NewsAlert [07:05] EARNINGS ALERT: RMP RPM Earnings Alert: 3Q 4c; First Call 4c. .
NewsAlert [07:05] EARNINGS ALERT: EXPO EXPONENT Q1 EARNINGS BEAT STREET ESTIMATES BY 4 .
NewsAlert [07:06] EARNINGS ALERT: PMCS PMCS Upside Earnings Alert: 1Q Op 17c; First Call 16c. .
NewsAlert [07:06] EARNINGS ALERT: SPLH Upside Earnings Alert: 1Q 15c; First Call 10c. .
NewsAlert [07:06] EARNINGS ALERT: MIPS MIPS Downside Earnings Alert: 3Q 26c; First Call 27c. .
NewsAlert [07:07] EARNINGS ALERT: ANEN Upside Earnings Alert: 3Q 36c; First Call 33c. .
NewsAlert [07:07] EARNINGS ALERT: UCBH Upside Earnings Alert: 1Q 58c; First Call 56c. .
NewsAlert [07:07] EARNINGS ALERT: ESTI Downside Earnings Alert: 1Q (15c); First Call (11c). .
NewsAlert [07:08] EARNINGS ALERT: MTX Earnings Alert: 1Q 71c; First Call 71c. .
NewsAlert [07:08] EARNINGS ALERT: GTW Earnings Alert: 1Q 41c; First Call 41c. .
NewsAlert [07:09] EARNINGS ALERT: SNWL Earnings Alert: 1Q 7c; First Call 7c. .
NewsAlert [07:10] EARNINGS ALERT: JNPR Upside Earnings Alert: 1Q Op 6c; First Call 5c.
NewsAlert [07:10] STOCK SPLIT ALERT: JNPR 2-1.
NewsAlert [07:10] RESEARCH ALERT: SUNW up 2 1/2 on instinet right now.
NewsAlert [07:11] RESEARCH ALERT: GTW up one on instinet.
NewsAlert [07:11] EARNINGS ALERT: JBHT Upside Earnings Alert: 1Q 14c; First Call 3c.
NewsAlert [07:12] EARNINGS ALERT: XPRSA Downside Earnings Alert: 1Q 6c; First Call 7c.
NewsAlert [07:12] EARNINGS ALERT: IDXX Upside Earnings Alert: 1Q 22c; First Call 21c.
NewsAlert [07:12] EARNINGS ALERT: FITB Upside Earnings Alert: 1Q 66c; First Call 65c.
NewsAlert [07:14] EARNINGS ALERT: IOM Iomega Corp. 1Q Net 19c/Share Vs Less Than 1c.
NewsAlert [07:14] EARNINGS ALERT: IOM Iomega Corp. 1Q Sales $344.9M Vs $386.2M .
NewsAlert [07:16] NEWS ALERT: TARO Taro Receives NDA Approval for Feminine Care Product; .
NewsAlert [07:19] RESEARCH ALERT: Charting Markets: New Lows For Nasdaq Composite on Friday — NASDAQ: 3650.00 and 3619.00 are significant intraday support levels. Belowthe lowest of the two, the next target is 3420.69. –By Stephen Cox, CMT.
NewsAlert [07:22] RESEARCH ALERT: It’s Not as Bad as You Think — Click here for complete story.
NewsAlert [07:31] RESEARCH ALERT: It’s Not as Bad as You Think — “This bear market for the Nasdaq is relatively tame. I know, I know. We’ve already seen a more than 25% drop - and the scary thing, of course, is that there’s no way to predict just how much worse it may get. And we’ve had several days of really big drops that make things appear really bleak. But I don’t believe for one minute all the stuff about how this could be a truly prolonged and nightmarish bear market because investors who have never lived through a real downturn may panic”. (see link above for the rest of the story).
Floyd [07:32] The above story is highly recommended!!
Floyd [07:33] Good morning traders!! It’s Friday!! April 14, 2000 7:34am ET - U.S. Markets open in 1 hour 57 minutes. :-)
NewsAlert [07:45] EARNINGS ALERT: FPL Upside Earnings Alert: 1Q 71c; First Call 70c.
NewsAlert [07:46] NEWS ALERT: MSFT MICROSOFT SAYS ROGUE ENGINEERS PLANTED ‘BACKDOOR PASSWORD’: WSJ–SECRET CODE IN MICROSOFT SOFTWARE ALLOWS IMPROPER ACCESS TO WEB.
NewsAlert [07:46] EARNINGS ALERT: CBC Downside Earnings Alert: 1Q Op 90c; First Call 91c.
NewsAlert [07:47] NEWS ALERT: SAP Sap Aktiengesellschaft Adr (SAP) WSJI reporting that SAP is having trouble persuading customers to buy mySAP.com.
NewsAlert [07:49] NEWS ALERT: CLST CellStar Has temporarily curtailed international trading operations in its UKsubsidiary due to losses as a result of theft and fraud; losses occurred in late March/April 2000 during the transport of six shipments of wireless handsets with a total value of approximately $3.2 mln..
NewsAlert [07:49] NEWS ALERT: MICA MicroAge MICA and certain subsidiaries have filed voluntary petitions for reorganization under Chapter 11..
NewsAlert [07:50] EARNINGS ALERT: NCC NATIONAL CITY Q1 EARNS 53 CENTS VS. 53 CENTS YR. AGO; 2 CENTS BELOW FIRST CALL CONSENSUS.
NewsAlert [07:51] NEWS ALERT: F VISTEON, WITH 1999 SALES OF $19.4 BILLION, WOULD RANK IN TOP 100 COMPANIES–FORD TO SPIN OFF VISTEON TO SHAREHOLDERS LATER THIS YEAR.
NewsAlert [07:51] NEWS ALERT: IATV [IATV,LMGA] LIBERTY MEDIA UNIT, ACTV FORM JOINT MARKETING VENTURE.
NewsAlert [07:52] EARNINGS ALERT: HRZ HERTZ FIRST QUARTER EARNINGS PER SHARE 52 CENTS VS 45 CENTS .
NewsAlert [07:54] EARNINGS ALERT: PRL PROLONG INTL FOURTH QUARTER LOSS 16 CENTES VS LOSS SEVEN CENTS .
NewsAlert [07:54] EARNINGS ALERT: EAII EAI Q4 LOSS 88 CENTS A SHARE VS. $1.38 A YEAR AGO .
NewsAlert [07:54] RESEARCH ALERT: CPRK CAPROCK COMMUNICATIONS TO SELL 5 MILLION COMMON SHARES, $125 MILLION OF PREFERRED .
NewsAlert [07:55] NEWS ALERT: NTLI [NTLI,FTE] NTL MOBILE BIDS 4 BLN POUNDS FOR U.K. 3G CELL-PHONE LICENSE A.
NewsAlert [07:55] NEWS ALERT: LLL NAVY AWARDS L-3 COMMUNICATIONS $8.5M INSTRUMENT CONTRACT FOR S-3B VIKING AIRCRAFT.
NewsAlert [07:59] ANALYST ALERT: HASC Montgomery Securities Intl.–Revised Charter Deal Finally! is Big Positive for HSA* Last night HSA and Charter [CHTR] finally announced an agreement that solidifies and expands their pre-existing relationship..
NewsAlert [08:01] NEWS ALERT: PCO PLAYCORE SAYS TO BE BOUGHT BY CHARTWELL INVESTMENTS FOR $10.10/SHR CA.
NewsAlert [08:02] NEWS ALERT: GOAM ZipLink [ZIPL] Pens Agreement With GoAmerica; Deal Allows GoAmerica Access to ZipLink’s Nationwide Network.
murphy [08:02] Good morning Floyd - wondered when you would post your good morning and time to market open - little things in life that count!!
NewsAlert [08:02] EARNINGS ALERT: HET warns of shortfall on earnings.
Floyd [08:04]
NewsAlert [08:04] NEWS ALERT: ABT FDA Oks Mobic Tablets As Osteoarthritis Treatment.
NewsAlert [08:04] EARNINGS ALERT: UCM Upside Earnings Alert: 1Q $1.00; First Call 99c.
NewsAlert [08:05] RESEARCH ALERT: IBM IBM Buys Sequent Fincl Services Leasing Portfolio.
NewsAlert [08:05] NEWS ALERT: NMGC LSI Logic [LSI] To Buy Some NeoMagic Assets For $14.5M.
NewsAlert [08:07] EARNINGS ALERT: HVT HVT Earnings Alert: 1Q 30c; First Call 30c.
NewsAlert [08:08] NEWS ALERT: DSLN DSL.net’s Affordable, High-Speed Internet Access Alternative Now Available for Additional New Jersey Businesse.
NewsAlert [08:09] ANALYST ALERT: GTW Merrill upgrades to accumulte.
NewsAlert [08:10] RESEARCH ALERT: Hot Stocks To Watch: JJSF MVAC DMC.
NewsAlert [08:10] EARNINGS ALERT: J & J Snack Puts 2Q net at 8c/diluted share, below Street view of 14c. Sees ‘record’ sales, earns for fiscal 2000.
NewsAlert [08:11] EARNINGS ALERT: MVAC MotorVac Tech Puts 1Q net at 5c-6c/share on $3.7M rev. vs. 6c/shr a yr ago. Cites lower domestic sales, order timing.
NewsAlert [08:12] RESEARCH ALERT: JJSF J & J Snack.
NewsAlert [08:12] EARNINGS ALERT: DMC Dairy Mart Sees 4Q, fiscal-year losses and ’substantially reduced’ 1Q results.
NewsAlert [08:12] RESEARCH ALERT: Hot Stocks To Watch: GTW PRLS ROG UAH.
NewsAlert [08:13] EARNINGS ALERT: PRLS Peerless Sys Said CEO Gavaldon to leave. Co. expects 1Q loss of 21c-23c/shr.
NewsAlert [08:13] RESEARCH ALERT: ROG Rogers Corp. Announced plans to move to NYSE from AMEX on April 19.
NewsAlert [08:13] RESEARCH ALERT: UAH United Amer Healthcare NYSE to suspend, apply to delist the company .
NewsAlert [08:13] EARNINGS ALERT: OK Upside Earnings Alert: 1Q Op 61c; First Call 60c.
NewsAlert [08:14] RESEARCH ALERT: AZTC Aztec Tech Fell 23% Thu; Co. Says It Can’t Explain Why.
NewsAlert [08:15] ANALYST ALERT: PRSF PORTAL SOFTWARE INITIATED WITH ‘STRONG BUY’ RECOMMENDATION AT DAIN RAUSCHER WESSELS .
NewsAlert [08:15] ANALYST ALERT: MMSI MERIT MEDICAL SYSTEMS CUT TO ‘NEUTRAL’ FROM ‘BUY’ AT DAIN RAUSCHER WESSELS.
NewsAlert [08:15] RESEARCH ALERT: CERTICOM SAYS IT WILL PURSUE NASDAQ LISTING WITH OFFERING AS SOON AS POSSIBLE–CERTICOM CORP. WITHDRAWS PUBLIC OFFERING DUE TO MARKET CONDITIONS.
NewsAlert [08:16] RESEARCH ALERT: N.Y. Stocks Seen Opening Higher, But CPI To Call Shots-A look at the futures suggests New York stocks are setto open higher Friday, but whether or not that holds “is going to swing alot on the CPI,” said Alfred Goldman, chief market strategist at A.G.Edwards. The Labor Department plans to announce the March consumer price index,ex-food and energy, report at 8:30 a.m. EDT. “If it’s benign, then there’s probably no impact,” said Goldman. Consensusestimates are for a 0.5% rise..
NewsAlert [08:17] NEWS ALERT: ATML Atmel Unit, Siemens ICN In Pact.
Turbo [08:17] Morning Floyd, murphy, and everyone!!
NewsAlert [08:17] RESEARCH ALERT: ADSX Applied Digital To Resell Intel VPN .
NewsAlert [08:19] RESEARCH ALERT: Hot Stocks In Business Week: LVEL HZO DRAM.
NewsAlert [08:20] ANALYST ALERT: IGT Bear Stearns Ups Intl Game Tech To Buy From Neutral.
NewsAlert [08:22] ANALYST ALERT: ADCT ADC Telecommunications –SG Cowen - from BUY to STRONG BUY –target of $70..
murphy [08:24] Morning Turbo
NewsAlert [08:25] ANALYST ALERT: JBL Jabil Circuit -Chase H&Q initiates with STRONG BUY and price target of $50; .
murphy [08:28] Nice SPLH earnings imho
NewsAlert [08:28] ANALYST ALERT: GPS GAP INC. DOWNGRADED TO ‘BUY’ FROM ‘STRONG BUY’ AT USB PIPER JAFFRAY.
NewsAlert [08:29] RESEARCH ALERT: March Core CPI Gain Is Biggest Since Jan 1995.
yoyo [08:29] Good morning Floyd and fellow traders
NewsAlert [08:29] RESEARCH ALERT: March CPI Energy Prices +4.9%; Food Prices +0.1%.
NewsAlert [08:30] NEWS ALERT: Core rate is greater then expected –.
NewsAlert [08:30] RESEARCH ALERT: March CPI Energy Prices +4.9%; Food Prices +0.1%.
NewsAlert [08:30] RESEARCH ALERT: Real Average Weekly Earnings -0.4% In March.
murphy [08:30] there go the markets….
ttman [08:32] Floyd, what was that site to download the updated Day Traders program?
murphy [08:33] http://www.daytraders.com/software.html
NewsAlert [08:33] RESEARCH ALERT: FEB. BUSINESS INVENTORIES UP 0.5% VS. EXPECTED 0.6%; SALES UP 0.3%.
NewsAlert [08:33] RESEARCH ALERT: MARCH CPI FOOD COSTS UP 0.1%08:32 MARCH CPI ENERGY COSTS UP 4.9%.
ttman [08:33] thanks
NewsAlert [08:33] RESEARCH ALERT: MARCH CPI MEDICAL CARE UP 0.5%08:32 MARCH CPI HOUSING UP 0.4%.
NewsAlert [08:34] RESEARCH ALERT: MOST CATEGORIES ADDED TO MARCH CPI–CPI MAKES MAY 16 FED RATE HIKE A CERTAINTY, ADDS FUEL FOR 50-BASIS POINTS.
NewsAlert [08:34] RESEARCH ALERT: MARCH CORE CPI UP 0.4% VS. 0.2% EXPECTED, HIGHEST IN 5 YEARS–MARCH CPI UP 0.7% VS. 0.5% EXPECTED.
NewsAlert [08:34] RESEARCH ALERT: EGRP E-TRADE TO SPONSOR DIANA ROSS AND THE SUPREMES U.S. TOUR.
murphy [08:35] ticher symbol for Diana Ross and the Supremes…tia
murphy [08:36] ticher = ticker
Chef [08:37] Morning All
NewsAlert [08:37] RESEARCH ALERT: DTC Canada Hot Stocks To Watch: DTC –Domtar Inc. To announce Monday morning an investment of “several million dollars” in its sawmills in Quebec and Ontario..
Chef [08:37] Mr. floyd and Fellow traders
Floyd [08:38] Futures went from +5 to -14…back to -11 now
NewsAlert [08:38] RESEARCH ALERT: XYBR XYBERNAUT COMPLETES $8.1M ACQUISITION OF SELFWARE.
stressboy [08:40] this summer going to start a fund to buy all new economy stocks trading at !.00 or less
temar12 [08:40] Good morning all! Floyd, thanks for all the earnings and the story link. How did you find the time to write that PALM story for the NY Times this morning with all the work you do here?
NewsAlert [08:40] ANALYST ALERT: NXTL NEXTEL Communications Salomon Smith Barney reits BUY and raises price target to $163 from $145; calls NXTL the “AOL Instant Messenger” of wireless..
bottomfish [08:40] wonder if I put a buy for EXDS at 70
NewsAlert [08:40] ANALYST ALERT: INMT Intermet Corporation DLJ downgrades from BUY to MKT PERFORM.
NewsAlert [08:41] RESEARCH ALERT: Economic Numbers : S&P futures tumble 16 pts in reaction to much stronger than expected CPI; CPI came in at 0.07%, vs the 0.05% mean forecast..
NewsAlert [08:42] ANALYST ALERT: PWAV CIBC Ups Powerwave Tech To Strong Buy From Buy.
NewsAlert [08:43] ANALYST ALERT: GT Warburg Ups Goodyear Tire To Strong Buy From Hold.
Floyd [08:44] temar12!
NewsAlert [08:44] EARNINGS ALERT: RPCX RESOURCE PHOENIX SAYS REVENUE TO GROW AT SLOWER-THAN-ANTICIPATED RATE.
NewsAlert [08:45] EARNINGS ALERT: US Earnings Calendar for April 14, 2000 Click here for complete story.
temar12 [08:45] Looks like there’s going to be lots of bargains to be had today.
bottomfish [08:47] temar, I don’t know, I’ll be very selective. Mood out there not rosy
Floyd [08:48] There are a lot more earnings out then what I have posted. Some of the data is just not understandable in the form I get it. If you are looking for a specific stock, you may want to check the link above.
temar12 [08:48] I’m in no rush bottom… be dredging for those flounders.
NewsAlert [08:49] EARNINGS ALERT: GLM Upside Earnings Alert: 1Q Op 9c; First Call 6c.
NewsAlert [08:50] EARNINGS ALERT: WERN Earnings Alert: 1Q 22c; First Call 22c.
bottomfish [08:50] temar, my opinion, any rally is a sell
NewsAlert [08:50] NEWS ALERT: LEXG Lexicon Genetics Announces Issuance of Patent.
temar12 [08:51] I must have been sleeping… Did VIGN split? Or is it really down 88?
NewsAlert [08:52] ANALYST ALERT: VIAN Viant Corp -DLJ initiates BUY rating and price target of $51.
SnP [08:52] 3 for 1 split VIGN
NewsAlert [08:53] RESEARCH ALERT: Hot Stocks To Watch: CLST HMN CZN ATO.
temar12 [08:53] Whew, thanks, zzzzzzz (duh)
Floyd [08:56] VIGN: is trading post split today….not a new story…..Splits Calendar - April 2000 Click here for complete story
NewsAlert [08:57] ANALYST ALERT: LE LANDS’ END CUT TO ‘HOLD’ FROM ‘BUY’ AT CS FIRST BOSTON.
NewsAlert [08:58] RESEARCH ALERT: CLST Cellstar Corp. Curtails significant portion of its international trading operations conducted by the U.K. unit due to losses as a result of theft and fraud.
NewsAlert [08:58] RESEARCH ALERT: HMN Horace Mann Educator Expects 1Q operating earnings between 32 cents and 35 cents a share, below estimates. Also will take charge to cover settlement of insurance case.
NewsAlert [08:59] RESEARCH ALERT: CZN Citizens Utilities Agreed to sell its Louisiana Gas Service unit and LGS Natural Gas unit to Atmos for $375 million (CZN, ATO)..
NewsAlert [08:59] RESEARCH ALERT: Hot Stocks To Watch: XOM BPA ARC P SCHL.
temar12 [09:00] Thanks for the link Floyd. I see BEAS is set to split on the 24th. Didn’t it lose half its value right before the last time it was supposed to split also?
NewsAlert [09:00] RESEARCH ALERT: Exxon Mobil BP Amoco gets antitrust clearance for its $28.3 billion takeover of Atlantic Richfield. The move clears the way for Phillips to acquire Arco’s Alaskan assets. At the same time, BP Amoco settled a legal challenge with Exxon Mobil. Separately, BP Amoco shareholders in London approved a 10% buyback of the company’s shares..
NewsAlert [09:01] RESEARCH ALERT: SCHL Scholastic Corp. Agrees to buy Grolier Inc. for $400 million..
NewsAlert [09:01] NEWS ALERT: BBY BBY,MSFT] BEST BUY, MICROSOFT FINALIZE CO-MARKETING ALLIANCE.
bottomfish [09:02] AOL attractive short
BillSFla [09:04] SUNW holding above the close …for now
alleycee [09:05] JDSU back where it was the day the NAZ was down 500
bottomfish [09:06] On top of that we get fears for .50 hike
genius [09:10] test
alleycee [09:11] CSCO only trading down 1/8 pre-market …..?
NewsAlert [09:12] EARNINGS ALERT: LUFK LUFKIN INDUSTRIES Q1 EARNINGS IN LINE WITH STREET ESTIMATES–Q1 EARNS 3 CENTS VS. LOSS 21 CENTS YR AGO QTR.
temar12 [09:13] Does anyone here use CyberX?
Ziggy [09:14] NAZ Future -77.50 …..Not good….
bottomfish [09:14] FDRY best earnings I’ve seen
Ziggy [09:14] Now -85.0
bottomfish [09:15] Ziggy, where you see that (down futures)
temar12 [09:16] Ziggy, did you see MIPS “earnings”?
alleycee [09:16] S+P -24 ( futures)
Ziggy [09:16] On Globex, cme.com
Floyd [09:17] One indication of the value of analyst upgrades is to see an them sending out “strong buy” ratings on the same day that another member from the same firm is on one of the TV shows or writing a newspaper column saying, “We are going lower in the techs” or “Now is not the time to buy techs”, or other such statements.
DayTraders [09:17] Good morning Floyd and fellow traders!
Ziggy [09:17] Temar12, yea,
temar12 [09:17] Floyd.
Turbo [09:18] good morning, Dave
NewsAlert [09:18] RESEARCH ALERT: Hot Stocks To Watch: CMI SWM HET.
NewsAlert [09:18] RESEARCH ALERT: Hot Stocks To Watch: F PERY PCO.
jeraldo [09:18] NOTHING matters in these markets…..good earnings, they sell, ….upgrades, they sell….until the market sentiment turns NOTHING will matter
alleycee [09:18] feels like October 98
NewsAlert [09:18] RESEARCH ALERT: Hot Stocks To Watch: TAGS KTCC SAFC.
temar12 [09:18] Morning Dave
NewsAlert [09:18] NEWS ALERT: Morning Dave!!.
alleycee [09:19] mornong DT and Floyd
NewsAlert [09:20] EARNINGS ALERT: SAFC Safeco Corp. Expects to report 1Q operating EPS of 5c, lower than First Call/Thomson consensus of 33c.
ram [09:20] Floyd, didn’t all hot stocks used to Not go in the same direction?
NewsAlert [09:20] RESEARCH ALERT: TAGS Tarrant Apparel Acquired Needletex Inc., an apparel company with 1999 sales of about $20M. Terms weren’t disclosed.
Ziggy [09:20] Naz Furure still -85.00 :-((
Floyd [09:21] That was the old economy ram.
sunnyboy [09:21] PAIR at all time high, I’m short, down boy down
DayTraders [09:21] We’re going to take it slow with recommendations this morning. There should be some nice bargains available later if the markets rebound. For those wishing to play the short side, I believe you can short the QQQ and DIA without an uptick.
ram [09:22]
Ziggy [09:23] Shorts having a field day…..
jeraldo [09:23] Floyd/Dave: Considering CPI numbers….is there any news that will turn the market, or is it more likely to be a technical rebound off of some support levels….
sunnyboy [09:24] i can’t get read on QQQ or DIA
Ziggy [09:25] WEBM was a good short yesterday morning…
Ziggy [09:28] Alot of lnvester’s Wazoo is all dry up ….
Floyd [09:28] No one has the answer to that question…I’ve been reading 100 stories a day from every source I can get my “mouse” on….everyone agrees on only one fact….they have no idea where this ends…….This is all together new territory…..tech supports are based on history, there is no history for what we are seeing here……
Floyd [09:29] But as the famous saying goes, “This too will pass”
jeraldo [09:30] Thnks Floyd: not the answer i was hoping for but probably correct….
Navy [09:30] These time marks are two minutes off….
temar12 [09:30] TOPP the only green on screen. Go Pokeman.
salty [09:31] maybe wall street waiting for most stocks to strongly break their 200 day ma before rebound ?
alleycee [09:31] csco , amzn , fdry all holding strong
NewsAlert [09:31] RESEARCH ALERT: QQQ streaming.
salty [09:31] in DIGL, what the heck
fotojim [09:33] Would like to buy ENPT but where??
Chef [09:33] Tcln wow
Chef [09:34] it another blood bath
Ziggy [09:34] Another major margin call soon again…..
alleycee [09:35] ,if market rebounds FDRY looks great
temar12 [09:36] Naz through bottom Bolinger band
daytrdr69 [09:37] watch out TOS is way behind L 2
NewsAlert [09:37] RESEARCH ALERT: 4.0 EARTHQUAKE ROCKS JAPANESE ISLAND OF KOZUSHIMA, NO IMMEDIATE REPORTS OF INJURIES.
Chef [09:39] fornd in green
Chef [09:39] Typo Ford= F
temar12 [09:40] Must be something about “f” F and FMKT green.
alleycee [09:40] sunw now in red
cloud [09:40] DT: Any info. on SCH…, tia
jeraldo [09:41] 5 point spread on WEBX
jeraldo [09:41] correction: WEBM
alleycee [09:41] FDRY green……hmhmm
Turbo [09:41] you have to be pretty quick to recalculate all these p/e’s in your head. lol
temar12 [09:41] In log, Cloud.
temar12 [09:42] Nevermind Cloud… thinking schl. Sorry.
bottomfish [09:43] FDRY bunch or buyers
NewsAlert [09:44] RESEARCH ALERT: SCH Schwab (SCH) Delay: Imbalance. Last 48 1/16.
salty [09:44] out DIGL , 1 1/2 sticks
stressboy [09:44] well two predictions i had about OE came true 1) their technology is big and 2) they anounced news on day of market crash (yesterday)
doc [09:44] Got Floyd’s sticky note handy……hope i don’t need it 3500 had better hold…
AJTrader [09:45] MSFT below 78
DayTraders [09:45] TRADING ALERT: Consider BUY FDRY at price of $61 1/16 . Always use a protective stop loss.
opies [09:45] jump jump
Ziggy [09:46] FDRY $61 ????
temar12 [09:46] Wish I could get it there.
robfish46 [09:46] fdry 81 ?
DayTraders [09:46] TRADING ALERT: FDRY Target 84. Stop 80 1/2..
DayTraders [09:46] TRADING ALERT: Consider BUY GMST at price of $40 7/16 . Always use a protective stop loss.
DayTraders [09:47] TRADING ALERT: GMST Target 43. Stop 39 15/16..
Floyd [09:47] I think we should try to relax and be as poitive as we can….maybe go to the top of the log and read that story I posted the link to….
CHACHING [09:48] my shopping list is ready…I think we see buyers shortly…..make that I hope we see buyers….
AJTrader [09:48] SCH open
ram [09:48] yeah, everybody keep breathing…
Ziggy [09:48] MIPS in $26
Navy [09:48] ram:…slowly!
DayTraders [09:49] Corrction: Buy price was 81 1/16.
seven [09:49] GTW
Floyd [09:49] Here’s that link again: It’s Not as Bad as You Think — Click here for complete story
DayTraders [09:49] TRADING ALERT: FDRY Correction: Buy price was 81 1/16..
Ziggy [09:50] MIPS :-)))
DayTraders [09:50] TRADING ALERT: Consider SELL POSITION FDRY with a possible target of $80 1/2 Hit our stop. Will probably rebound. Showing good strength this AM.. Always use a protective stop loss.
DayTraders [09:51] TRADING ALERT: FDRY bouncing..
BillSFla [09:51] took SUNW at 77 5/8 per Rays letter
Ziggy [09:51] MIPS :-))
Floyd [09:52] If the Merrill analyst was right, we are only 232 from the bottom…hey, we can do that standing on heads!
DayTraders [09:52] TRADING ALERT: Consider BUY DMIC at price of $24 1/2 . Always use a protective stop loss.
Frodo [09:52] …..
BillSFla [09:52] sorry 78 5/8
NewsAlert [09:52] RESEARCH ALERT: $RUT] RUSSELL 2000: FALLS 3.5% OR 16 POINTS TO 472.
DayTraders [09:52] TRADING ALERT: DMIC Target 27. Stop 24..
CHACHING [09:52] stocks beginning to fill their morning gaps…..
Ziggy [09:53] PDYN :-)))
Frodo [09:53] AMCC…nice bounce
DayTraders [09:53] TRADING ALERT: Consider BUY RIMM at price of $39 9/16 . Always use a protective stop loss.
CHACHING [09:53] 232 points…this is close enough for government work, as we used to say….
Ziggy [09:53] MIPS :-))
DayTraders [09:54] TRADING ALERT: RIMM Target 42. Stop 39..
Floyd [09:54] Lot of stocks were delayed this morning on imbalance…they are beginning to trade now….let’s see if that shows up in the index…..
NewsAlert [09:54] BLOCK TRADE ALERT: AOL Amer Online (AOL) Block: 617,200 Shares At 57 1/16.
Frodo [09:54] Chach: hope you giot out of CNXT a while back…
KING [09:54] morning all. datek still getting frozen. did anyone in here sort it out and get theirs fixed?
alleycee [09:54] thank you for bouncing alert DT on FDRY…was just about to click
CHACHING [09:54] Coehn just out reinforcing her end of year targets….yes….on Bloomberg….
DayTraders [09:54] TRADING ALERT: FDRY at our target..
Frodo [09:54] King: typical Datek on busy day…
DayTraders [09:55] TRADING ALERT: FDRY 86.
KING [09:55] gotta switch from this. ridiculous
doc [09:55] PMCS nice bounce….
CHACHING [09:55] I did Frodo…lightened up on everything, thank goodness….except ATHM..
len57 [09:55] Thanks Floyd for the “its not as bad as we think”
seven [09:55] GTW
Floyd [09:56] CNBC had tht earlier this morning also CHACHING….not sure if it’s good or bad….I seen it as kind of an “I told you so” from Abby….what was your take? tia
Marcus [09:56] Out JDSU for 6 sticks…have to be cautious!
NewsAlert [09:56] BLOCK TRADE ALERT: QQQ NASDAQ 100 Shares Block: 250,000 shrs at 87.
genius [09:56] look at em fly….the big boys are lovin it….
alleycee [09:56] finally we are gonna roll with FDRY
DayTraders [09:56] TRADING ALERT: Consider BUY DVNT at price of $7 7/32 . Always use a protective stop loss.
ABOGADO1 [09:57] DT your opinion on TCLN????
CHACHING [09:57] I took it as a positive….at least she didn’t lower her targets after this selloff….but Bloomberg didn’t get into a lot of the details of what she said…..
DayTraders [09:57] TRADING ALERT: DVNT Target 8. Stop 6 7/8..
Ziggy [09:57] MIPS :-))
genius [09:57] cien is a traders work of art….
Ziggy [09:59] QQQ looks weak now….
alleycee [09:59] ARBA rebounding
DayTraders [09:59] TRADING ALERT: Consider BUY TQNT at price of $65 3/16 . Always use a protective stop loss.
Floyd [10:00] Thanks CHACHING. I didn’t hear much of the report either….but Abbey been the bull’s bull for long time…hard to belleve she’d jjoin the bears just because things got little tuff her!
DayTraders [10:00] TRADING ALERT: TQNT Target 68. Stop 64 5/8..
BillSFla [10:01] out SUNW 2 1/2 stones thanks Ray/ Brian
drakewick [10:01] hi all
jsf [10:01] SP500 bouced back 50% to here,
DayTraders [10:01] TRADING ALERT: Consider BUY IMNX at price of $52 9/16 . Always use a protective stop loss.
CHACHING [10:03] Abbey really set the negative tone to the markets earlier with her move to cash….hopefully she can help set a bottom with her positive comments…
DayTraders [10:03] TRADING ALERT: IMNX Target 55. Stop 52..
jsf [10:03] CSCO below 60
Frodo [10:03] Boy, the last month or so sure has cleared out the “new 52 week high” list..
doc [10:04] PMCS….
Chef [10:05] ” can’t catch a falling knife”
DayTraders [10:05] TRADING ALERT: Consider BUY JDSU at price of $89 1/2 . Always use a protective stop loss.
Chef [10:05] Fdry on tv
BillSFla [10:05] geese..SUNW….cluck cluck
DayTraders [10:05] TRADING ALERT: JDSU Target 94. Stop 89..
Ziggy [10:05] SINA :-))
DayTraders [10:06] TRADING ALERT: GMST Raise target to 45. Raise stop to 42 1/2..
DayTraders [10:06] TRADING ALERT: RIMM Raise target to 44. Raise stop to 41..
CHACHING [10:07] chefy, did you drop a knife while cooking? that what you talking about??
Navy [10:07] In NOK
temar12 [10:08] EXDS
CHACHING [10:08] EXDS….caught that falling knife this AM….
seven [10:08] in YHOO…………..yahoo
DayTraders [10:08] TRADING ALERT: Consider BUY JBL at price of $31 1/2 . Always use a protective stop loss.
Botrader [10:09] TQNT
DayTraders [10:09] TRADING ALERT: JBL Target 34. Stop 31..
temar12 [10:11] BEAS
Chef [10:11] NAZ back at 3606
SnP [10:11] SUNW
Ziggy [10:11] CIEN Moving
CHACHING [10:11] that ADAP sure moves quickly….
CHACHING [10:11] both ways, unfortunately…
NewsAlert [10:12] EARNINGS ALERT: EMLX on themost active list down 26 to 56….13% neg earnings surprise according to Zacks.
DayTraders [10:13] TRADING ALERT: GMST Raise target to 47. Raise stop to 45..
Chef [10:13] Yea Chaching I think it just touch bottom
robfish46 [10:15] out jdsu for 2 3/16 Thanks dt
Floyd [10:16] AMZN and MU both green…..
Trader_Ric [10:16] anybody feel like we’re riding a runaway rolloercoaster yet?
DayTraders [10:17] TRADING ALERT: Consider BUY IFCI at price of $15 1/8 . Always use a protective stop loss.
DayTraders [10:17] TRADING ALERT: IFCI Target 17. Stop 14 5/8..
genius [10:18] test
DayTraders [10:19] TRADING ALERT: Consider SELL POSITION GMST with a possible target of $45 Hit our revised upward stop–up 4 9/16 from the alert; it had been up 5 1/2 earlier.. Always use a protective stop loss.
Floyd [10:19] EMLX: Q to Q growth was down 13% earnings actually beat estimates…but the stock is still going down…..something else must be wrong here….
Ziggy [10:19] In CIEN
Chef [10:20] Nazz down 111
DayTraders [10:21] TRADING ALERT: Consider SELL POSITION JDSU with a possible target of $89 Hit our stop after being up 3 points earlier.. Always use a protective stop loss.
Ziggy [10:22] CIEN :-)))
DayTraders [10:23] TRADING ALERT: Consider SELL POSITION RIMM with a possible target of $41 Hit our revised upward stop–up 1 7/16 from the alert; it had been up 3 points earlier.. Always use a protective stop loss.
daytrdr69 [10:23] in AMZN for a bounce
DayTraders [10:24] TRADING ALERT: JDSU bounce.
Ziggy [10:24] CIEN :-)))
DayTraders [10:25] TRADING ALERT: Consider SELL POSITION IMNX with a possible target of $52 Hit our stop after being up 1 point after the alert.. Always use a protective stop loss.
Botrader [10:25] quote on TQNT, please…mine are down…thanks
daytrdr69 [10:26] out AMZN with a stick
Floyd [10:27] EMLX: example of how brutal this market is….only thing I see is the Q to Q growth down 13% but they beat the expectations and actually showed a real profit…. down 31 from 82 15/16 close.
Botrader [10:27] quotes are back…thanks
jsf [10:27] CSCO
doc [10:29] Chach…exds got some fast swings this morning…
Ziggy [10:30] CIEN :-)))
NewsAlert [10:30] RESEARCH ALERT: Selectnet on NASDAQ is extremely slow today -Maria B..
uptick [10:32] she’s right about that!
lowroller [10:32] DT: Is IFCI a good entry at 14 7/8? Thanks
CHACHING [10:32] right doc…caught it early on, and got the majority of it’s first move…..not posting what I’m playing today because of the volatility…by the time you post a buy, it’s time to sell….
DayTraders [10:32] Back in a few minutes.
wildwes [10:32] good morning folks, just got in.. some ride so far!
ram [10:33] YOU’RE A GOOD MAN cHACH
CHACHING [10:34] even the ox has been all over the map….
Ziggy [10:34] MIPS :-)))
doc [10:35] Thats not new for the ox…LOL..
temar12 [10:36] in EMLX 46
CHACHING [10:36] thanks ram…I think….
AJTrader [10:36] MSFT below 77
ram [10:36] oops on the caps
daytrdr69 [10:37] BVSN back to the intraday low
temar12 [10:38] Out EMLX two sticks… Thanks Floyd.
Floyd [10:38]
jeraldo [10:39] EMLX looks like an interesting play..but not the market to play with falling knives….
Ziggy [10:39] CIEN
DayTraders [10:40] TRADING ALERT: Consider SELL POSITION TQNT with a possible target of $64 5/8 Hit our stop after being up 2 points after the alert.. Always use a protective stop loss.
BillSFla [10:40] maybe able to get SUNW at news letter price again today …never done that before ahahaha
Johnny [10:42] Floyd, confused, EMLX beat street by .02, but zacks says shortfall ? Can you elaborate ?
Ziggy [10:42] QQQ Bounce…
Chef [10:42] Dt op on APH please
temar12 [10:43] EMLX bounce
Trader_Ric [10:45] Ziggy, that CIEN sure is a tease
Popotito [10:45] DT opinion on JMED please tia
temar12 [10:46] Boink.
Floyd [10:46] johnny see log….
leader [10:46] MFNX
Ziggy [10:47] Trader, I’m waiting to pop….
daytrdr69 [10:47] AMZN back to intraday low
Trader_Ric [10:48] Zig, you or the stock? LOL
Ziggy [10:49] Trader, :-))) LOL
Trader_Ric [10:51] COVD
genius [10:52] test
leader [10:53] MSTR +4
DayTraders [10:55] TRADING ALERT: Consider BUY VOXX at price of $33 1/4 . Always use a protective stop loss.
DayTraders [10:57] TRADING ALERT: VOXX Target 35 1/2. Stop 32 3/4..
opies [10:59] FDRY….
temar12 [10:59] VOXX nice call Dave. Moved too fast for me though.
Trader_Ric [10:59] everybody calls out support levels for the NAZ, but none have held thus far.
Floyd [11:01] mine has held….
Ziggy [11:01] Out FDRY …..
Trader_Ric [11:01] Floyd, we haven’t tested 3000 yet
Floyd [11:01] so far not even reached yet
Turbo [11:02] Floyd, I was just about to say that!
doc [11:02] 3500 has held….so far….
Trader_Ric [11:02]
BillSFla [11:02] T-R Floyd listed 3 this AM…scratched 2 off my sticky…just3420 then the 3285
Ziggy [11:03] If AOL keep falling maybe AOL TWX deal is dead…..
Ziggy [11:04] SINA
Trader_Ric [11:04] Given the pattern these last few days, this fading doesn’t inspire confidence.
TGB [11:04] Ziggy, I heard 46 is the deal breaker on AOL…..
Floyd [11:05] Please, if you have veriviable, crediable facts, we want to hear them….but let’s not get in the rumor business…thank you…..
Ziggy [11:06] TGB, I still think TWX is giving the farm away…
ram [11:06] or the spelling business
jeraldo [11:06] emulex at new intraday low
ram [11:06] spelling/typing that is, says me , worst/slowest typist in room
TGB [11:07] I agree, IMHO
Ziggy [11:08] QQQ Looks weak….
Ziggy [11:09] SINA :-))
daytrdr69 [11:09] AMZN freefall
DayTraders [11:09] TRADING ALERT: Consider SELL POSITION IFCI with a possible target of $14 5/8 Hit our stop. . Always use a protective stop loss.
temar12 [11:10] quite the squeeze on EMLX
temar12 [11:10] pop?
DayTraders [11:11] TRADING ALERT: Consider SELL POSITION DMIC with a possible target of $25 13/16 Up 1 5/16 from the alert; it was up 1 3/4 earlier.. Always use a protective stop loss.
Ziggy [11:12] SINA
greg [11:12] good morning everybody ! DT . op on sunw please!!!
temar12 [11:12] pffft.
DayTraders [11:12] TRADING ALERT: Consider SELL POSITION VOXX with a possible target of $32 15/16 Down 5/16 from the alert; it was up 9/16 earlier.. Always use a protective stop loss.
opies [11:13] under 3500
yoyo [11:14] Well I have dumped all of the stocks that I had praying for a come back and am now all cash (a lot less cash) and I am going to sit on the side lines for awhile.
NewsAlert [11:14] RESEARCH ALERT: EMLX Emulex Dn– Co Beat Views But Not Expectations — If you are a high-growth technology company, beatingyour numbers isn’t really beating expectations this quarter. –reported a fiscalthird-quarter profit of 20 cents a diluted share late Thursday, two centsbetter than the First Call/Thomson Financial consensus estimate. — “Presumably, people were looking for much better results,” said Lewis. “Itwas a very solid quarter (for Emulex), and they have a very solid businessoutlook. It’s just not enough to make everybody happy.”.
Trader_Ric [11:14] I think NAZ has solid support at 2400
Ziggy [11:15] NAZ 3495
Trader_Ric [11:15] Just kidding…
robfish46 [11:15] trader ric-you mean 3400?
Marcus [11:15] Trader_Ric…I doubt that it is really that SOLID.
jeraldo [11:15] Ric…not a time to be funny…
fotojim [11:15]
NewsAlert [11:15] RESEARCH ALERT: CNBC: “selling seems to be accelerating”.
Trader_Ric [11:15] sotty
bottomfish [11:16] opis next stop 3420
Trader_Ric [11:16] sorry
temar12 [11:16] LU only green on screen
Ziggy [11:16] Magin call may kick in soon….
Ziggy [11:16] Magin=Margin
Marcus [11:16] Trader Ric…nothing wrong with humor ANYTIME IMO…
fotojim [11:17] I keep tell myself that some one is buying all the selling!!
doc [11:17] 3494 was the 200dma…….bounce now or bye bye….
daytrdr69 [11:17] looking to get in AMZN at 40 for a bounce
lazercat2 [11:18] PPRT, i mentioned it yesterday, the symbol changed to PPRTC and lost half of its value, under a dollar now :o(
lazercat2 [11:19] Glad i am going to court with my wife today, that will be more enjoyable than this market LOL
Floyd [11:19] fotojim, that may be, but then they turn around and sell it lower….
NewsAlert [11:19] RESEARCH ALERT: NASD VOTE CLEARS WAY FOR SPIN-OFF OF NASDAQ STOCK MARKET–NASD MEMBERS VOTE 3,423 TO 652 IN FAVOR OF RESTRUCTURING.
fotojim [11:20] Sad but true small losses are better
bottomfish [11:20] doc good point
Trader_Ric [11:20] IMO the bottom on the 4th was easy to spot(bought a boatload of stock), this sloppy stuff to me is impossible
stressboy [11:20] fotojim short covering
Trader_Ric [11:20] sittin on my hands all morning
Ziggy [11:21] SINA Nice :-)))
Trader_Ric [11:21] having a lot of anxiety feeling I missed the train on every attempt at a rally.
DayTraders [11:22] TRADING ALERT: Consider SELL POSITION JBL with a possible target of $31 Hit our stop after being up 3/4 after the alert.. Always use a protective stop loss.
greg [11:22] Floyd. op on sunw , please!!!!!
temar12 [11:22] There goes 200dma.
Floyd [11:22] my opinion on everything is ALL CASH……….
greg [11:23] thanks
bottomfish [11:23] Trader, I guess lots of buyers waiting until FED hike, and low trading volume
DayTraders [11:23] greg - SUNW is a good stock but you may be able to buy it at a lower price later.
Marcus [11:23] I wonder where the markets would be if EVERYONE was in All Cash?
Matanuska [11:23] T R that is happening to me also I have had only one trade this AM.
doc [11:23] Well where did i put that sticky note of Floyd’s….
leader [11:23] I’m up 12 cents today yipeee!!!
yoyo [11:23] $tick 1010, that is scary
temar12 [11:23] wtg leader!!!
fotojim [11:24] To late for me Floyd all Cash now mostly invested!! I can wait it out I still have a day job
Matanuska [11:24] leader I’ve netted $65.10
daytrdr69 [11:25] C’mon cnbc scare them all out
Floyd [11:25] Traders/investors need to take care of number one…let “everyone” look out for himself because he dang sure not going to look out for you!
Ziggy [11:25] FDRY, Should have short at $90
greg [11:25] thanks DT.
Trader_Ric [11:25] I suppose I haven’t seen a sign of a bottom that I like. Need to see a bottom put in or ( I hate to say it) a washout.
Matanuska [11:25] csco
leader [11:25] you go Matanuska!!!!!
Matanuska [11:25] wrong spot!!!
robfish46 [11:26] trader ric-you mean 3400?
seven [11:26] the only guy being looked out for is some guy named………Below
temar12 [11:26] seven!
seven [11:26] keep hereing look out Below
Trader_Ric [11:27] No Rob I meant 2400. It is support IMO but it was so far off it was meant to be funny in a sacastic way. I don’t really believe we’ll hit it.
NewsAlert [11:28] RESEARCH ALERT: [$XBD,SCH] AMEX SECURITIES BROKER/DEALER INDEX FALLS 7.7%, CHARLES SCHWAB DOWN 11%.
PatZo [11:28] seven…LOL
bottomfish [11:28] trying to buy when NASDAQ turns up is like catching falling knife
NewsAlert [11:28] RESEARCH ALERT: ATHM [$GIN,ATHM] GOLDMAN/SACHS INTERNET INDEX FALLS 5.9%, AT HOME DOWN 12%.
KING [11:28] Tr_Ric. if we see QQQ see 83 1/2 you will get your washout
DayTraders [11:28] All trading alert positions called today have been closed out with the exceptioon of DVNT which is still rising. I’m sure more great opportunities await us today.
greg [11:28] oh my… all my long term positions almost gone!!!!!
Turbo [11:29] pulled the trigger once today, on rhat and lost $100 with commission. hard to get out. Sitting on my cash here
wildwes [11:29] amzn
Nescom [11:29] As Floyd stated sometime back. There were analysts predicting 3300 before we go back to a steady positive. Could be a self fulfilling prophecy. But if the psychology works. We should see it move up from that level if it is acquired.
bottomfish [11:29] when NASDAQ stop falling we’re going to make a lot of money
robfish46 [11:30] Trader-Ric-We had washout l;ast week. Now we are having slow death decline. We might not have a washout again. Markets might just take off on some positive news.
Turbo [11:30] bottomfish
Trader_Ric [11:31] This sell-off is serious and I think it is now getting the attention of many complacent people. To me, the fear and nervousness mean we are getting closer to a bottom. Close in time, not sure where bottom is point wise. IMHO
DayTraders [11:31] As a heads-up, when the market turns, I will probably call many of the same stocks that I called earlier today.
temar12 [11:32] I like the positiveness of that “when” Dave.
temar12 [11:32] Is positiveness a word?
bottomfish [11:32] Lo of people don’t want to hold postions going into weeek ene
Turbo [11:33] thanks Dave
temar12 [11:33] Positivivity? positivosity?
Trader_Ric [11:33] I didn’t think it was possible before, but PMCS getting near lows of day
bottomfish [11:33] JDSU lower than last week’s big fall
yoyo [11:33] DOW -300
HH1 [11:33] I sure dont want too see any of you hurt,but I have been short 42 tech stocks since monday.This is very nice for me.
temar12 [11:33] King, 83 1/4 QQQ.
yoyo [11:34] tick -1200
Floyd [11:34] nice going HH1 !
DayTraders [11:34] TRADING ALERT: Consider SELL POSITION DVNT with a possible target of $7 13/32 Up 3/16 from the alert; it was up 1/2 earlier.. Always use a protective stop loss.
KING [11:34] been charting QQQ on 1/2 point supply/demand chart today. 83 1/2 was triple bottom break
CHACHING [11:34] smart play HH…
SnP [11:35] been looking at 15 min. charts of a lot stocks just to get a feel for what has any strength helps me if it does turn
yoyo [11:35] Nice HH1
KING [11:35] should be resistance at 85 1/2 on QQQ now
bottomfish [11:36] I might get some when NASDAQ hit 3420. Can’t think it falling anymore one day.
DayTraders [11:36] TRADING ALERT: Consider BUY TQNT at price of $55 11/16 . Always use a protective stop loss.
jeraldo [11:36] FDRY, EXDS, AKAM, ARBA if NAZ bounces
CHACHING [11:36] In CSCO….enough is enough..sure was easy to buy….
temar12 [11:36] EMLX
DayTraders [11:37] TRADING ALERT: TQNT Target 60. Stop 55..
KING [11:37] ATHM fleas are deep in the mutts coat now, Chachy. i am starting to feel the pain
CHACHING [11:37] but I knod of feel like I just jumped out in front of a fast moving train….
bottomfish [11:37] jerardo.don;’ t know about AKAM coming out of lockup
fotojim [11:37] bottomfish_ thinking key word, I stopped thinking can only watch!!
EJJ [11:37] morning all. mkts sure ugly babies; anybody making any money here? can’t find a single green on any of my watch lists :o(
BillSFla [11:38] I have been doing my home work…markets will have bottomed when CACH capitulates and can’drink one more Redbud from his recent hoard…I am sure Floyd will report this event with other market moving news
DayTraders [11:38] TRADING ALERT: Consider BUY JDSU at price of $82 3/4 . Always use a protective stop loss.
DayTraders [11:38] TRADING ALERT: JDSU Target 87. Stop 82..
CHACHING [11:38] SUNW has been green all day EJJ….
CHACHING [11:38] oooppsss…scratch that…
Chef [11:39] Ejj look at KSE for green hehe
bottomfish [11:39] just turn down again
DayTraders [11:40] TRADING ALERT: Consider BUY IFCI at price of $13 . Always use a protective stop loss.
EJJ [11:40] Chach, true; forgot. might have to watch everybody else’s lists for greens :o)
DayTraders [11:40] TRADING ALERT: IFCI Target 14. Stop 12 1/2..
MrGary [11:41] morning all, just got here….wow! who started this blood bath?
CHACHING [11:41] kingy, the worst is over on ATHM….
yoyo [11:41] In IFCI
temar12 [11:42] JDSU
EJJ [11:42] guess I picked good time to sit mkts out; house remodeling, tax prep and vacation prep keeping me busy and out of mkt trouble. Parked on sidelines with cash and will wait to see if Merrill’s analyst looking at 3250 is where this is headed
KING [11:42] should be. i hope
DayTraders [11:42] TRADING ALERT: Consider BUY FDRY at price of $81 7/16 . Always use a protective stop loss.

Matanuska [11:43] CSCO 3/16
DayTraders [11:43] TRADING ALERT: FDRY Target 85. Stop 81..
CHACHING [11:43] I don’t know what else to say…..
jeraldo [11:43] EXDS at 92
Ziggy [11:43] MIPS Bounce
CHACHING [11:44] out CSCO….
EJJ [11:45] Chach, anything as long as it’s not “goodbye, I’m broke” :o)
DayTraders [11:45] TRADING ALERT: IFCI Raise target to 15. Raise stop to 13 1/2..
Turbo [11:46] nice call on IFCI Dave
ABOGADO1 [11:46] all industry indexes are in red- http://cbs.marketwatch.com/data/dbcfiles/indindext.htx?source=htx/http2_mw ,only gold and silver and utilities are slightly in green
robfish46 [11:46] missed ifci and jdsu
Floyd [11:47] IOM: made a couple upticks on the CEO CNBC appearance
Chef [11:48] it’s going to go below 3400 I feel today
DayTraders [11:48] TRADING ALERT: Consider SELL POSITION FDRY with a possible target of $81 Hit our stop after being up 1 point after the alert.. Always use a protective stop loss.
CHACHING [11:48] I don’t know if CNBC said anything, but this selling hasn’t ben limited to us markets…as soon as the CPI, European markets headed due south……
Ziggy [11:48] Start making that shopping list for long-term for next week or two…
DayTraders [11:49] TRADING ALERT: Consider SELL POSITION JDSU with a possible target of $82 Hit our stop after being up 2 1/4 after the alert.. Always use a protective stop loss.
EJJ [11:49] Ziggy, got my wish list ready :o)
Floyd [11:50] 134 to go for the Merrill bottom of 3285
DayTraders [11:50] TRADING ALERT: Consider SELL POSITION TQNT with a possible target of $56 1/8 Up 7/16 from the alert; it had been up 3 points earlier.. Always use a protective stop loss.
Ziggy [11:50] Just start doing my for next week :-))
fishnswim [11:50] JDSU going up
CHACHING [11:51] PWAV green all day…reported good earnings a couple of days ago….
EJJ [11:51] Floyd, imho it’s coming. never seen it fail; some analyst calls a traget and one way or another gets it there.
Popotito [11:51] out IFCI ty DT
DayTraders [11:51] TRADING ALERT: Consider SELL POSITION IFCI with a possible target of $13 9/16 Up 9/16 from the alert; it was up 1 point earlier.. Always use a protective stop loss.
sunnyboy [11:52] my kind of market, getting closer
daytrdr69 [11:52] AMZN swimming upstream here
Marcus [11:53] I remember back in 1987 when the market CORRECTED over 500 points in one day(Much higher Percentage move than now) and the FED stepped in and LOWERED interest rates. Greenie would be too happy about this to consider it.
doc [11:54] greenie doing the snoopy dance after this week….
CHACHING [11:54] In EXDS…..someone has to be first in the pool….
wildwes [11:54] Marcus, wasn’t it Greenie who did it back then?
temar12 [11:54] Great image doc!
robfish46 [11:55] chaching you have big Kahoonas for that
TGB [11:55] doc, LOL
Babalue [11:55] Marcus }} It is an election year, gotta make slick Willie look before November. right?
daytrdr69 [11:55] JDSU at the level it was no Tues. low
seven [11:55] how’s the water?
bottomfish [11:56] 3400 might be taken as support.imo
temar12 [11:56] EMLX bounce seems to be holding….
Floyd [11:56] Now that we are 96 points through the 3500 bottom that some were calling, I will mention that I see no reason why it should hold 3285 anymore then it did 3500. I’m not trying to be neg, but pragmatic. As I mentioned earlier….no one really knows. This is history in the making from the perspective of the original run up on incredable valuations that were never before seen….now we are seeing the opposite. Market’s will correct, settle down and go forward…..been doing that for over a hundred years….no reason to think the end of the world is up on us. Calm and patience is the paly of the day.
temar12 [11:58] Tao of Floyd :-):-)
robfish46 [11:58] Floyd-Good advice-I’m staying glued to mt screens for pssible turn around today
MrGary [11:58] Thanks Floyd
Floyd [11:58] Incedently, there is no reason why it has to reach 3285 either.
doc [12:00] still not alot of vol….geezz whats it gonna take…
temar12 [12:00] Have to wonder if I didn’t mention EMLX bounce if it would have kept up.
Matanuska [12:01] 2900 below
CHACHING [12:01] thanks for that last comment Floyd….
Frodo [12:01] Geez, only 60 points to the down side and the Naz will be off 10 percent for the day….
MrGary [12:01] Chach, you did short CSCO a little while ago, right?
MKW [12:01] Naz -300
Trader_Ric [12:01] Doc, you speaking of NAZ volume? Don’t have it, can you give me the number? tia
doc [12:02] Ric…just went over 1 bln…naz..
CHACHING [12:02] I wish Mr. Gary…but I did make 3/8 on the long…
NewsAlert [12:03] RESEARCH ALERT: GREENSPAN MAKES NO COMMENTS ON ECONOMY, MONETARY POLICY IN SPEECH.
Trader_Ric [12:03] There is so much tension in the air, if this puppy rallies, it will be big.
EJJ [12:03] well, gotta go back to work for a while. Luck all :o)
Ziggy [12:03] Where is God than we need him ???
opies [12:03] FDRY is still green incredible
CHACHING [12:03] wait a few more minutes EJJ….
MrGary [12:04] Chach, I started to short it when you got out, but changed my mind
Gina [12:04] Can someone say margin call
BillSFla [12:04] SUNW
Ziggy [12:04] Than=when
NewsAlert [12:04] RESEARCH ALERT: GREENSPAN: VOLATILE TIMES LIKE THIS SHOW ‘PEOPLE WITH GRAY HAIR’ AREN’T OBSOLETE–LOSS OF CONFIDENCE CAN’T BE PREDICTED, BUT MUST BE PLANNED FOR–CENTRAL BANK SHOULD STEP IN ONLY ONCE OR TWICE EVERY 100 YEARS—SAYS PRIVATE PARTIES MUST MANAGE RISK WITHOUT RELYING ON FED.
alleycee [12:04] BVSN 32…. wholly
EJJ [12:04] T-R, imho wouldn’t be surprised to see short-term rally off appx 3300, but would still expect it to re-test lows next day or two. just my humle opinion
Ziggy [12:05] BVSN. Holly mother of god…..
bottomfish [12:05] small pop
wildwes [12:05] Gina, did you find anything on ELSI drop?
NewsAlert [12:05] RESEARCH ALERT: SK Safety Kleen Gets Lender OK To Defer Interest Payments.
Frodo [12:05] I think most people investing through 401 and 403 plans only check their accounts on the weekend, with a Friday sell off of this level, redemptions could easily beat magin calls on Monday…
MKW [12:05] Gina, picked up some ICOM at 2 9/16, what do you think?
doc [12:05] Gina..”.margin call”…get it over with…
EJJ [12:05] Chach?
bottomfish [12:05] Maybe Grennspan can boost markets
Gina [12:06] Wild nope, nothing
Floyd [12:06] Who was the SK investor? it’s up 1/8 today
sunnyboy [12:06] TLAB just hit new low
stressboy [12:06] boost markets? he’s still trying to kill them
robfish46 [12:06] DT/Floyd Et al_ This is the nail everyone while they are out to lunch phase. When they come back the margin clerks willbe waiting at 2:00 P.M.!!!!!!!!!!!!!!!!!!!!
Gina [12:06] MKW I going to buy some later, problem is so many bargains where to begin
NewsAlert [12:06] RESEARCH ALERT: GREENSPAN: IN TIMES OF UNCERTAINTY, ‘DISENGAGEMENT IS NORMAL’.
Ziggy [12:07] I don’t think people is selling at this level, It’s major margin call from broker…
Gina [12:07] Doc, I think thats what is going on margin calls imho
ram [12:07] IMHO , here’s a positive indicator: I’m hesitant to short here
bottomfish [12:07] JDSU
01kelly [12:07] hi all. i’m a new kid on the block. what a day to join in!
DayTraders [12:08] TRADING ALERT: Consider BUY FDRY at price of $79 1/2 . Always use a protective stop loss.
robfish46 [12:08] 01 kelly- be careful-
Navy [12:08] 01kelly, DONT touch anything!
jeraldo [12:08] hi kelly…today just another day in the trading room
Frodo [12:08] Kelly: welcome, sitting on your hands?
MrGary [12:08] Hi kelly, welcome aboard
doc [12:08] Gina agree…..and the snowball is growing….
DayTraders [12:08] TRADING ALERT: FDRY Target 82. Stop 79..
temar12 [12:08] Hi 01kelly! good day to perfect your charting skills.
Turbo [12:08] 01kelly, welcome aboard
robfish46 [12:09] fdry already 80 1/2
temar12 [12:09] EMLX
01kelly [12:09] just been watching. too chicken to attempt anything just yet.
DayTraders [12:10] TRADING ALERT: FDRY Raise target to 84. Raise stop to 81..
Navy [12:10] LVLT held 73 in all this…and is moving up…impressive
Ziggy [12:10] ATON Holding Up well…..
stressboy [12:10] yeah they don’t fill the soes
Marcus [12:10] I did a lot of chart work last night and concentrated on the 52 week ranges of some of our favoritie stocks. JDSU 10 1/2 to 140 BRCM 46 to 325 TERN 25 to 280 AMCC 16 to 290… Where is a good price for some of these? Depends on if you’re looking from the top or the bottom
Chef [12:10] Chicken I think I will cook some for lunch geting hungry
Floyd [12:10] Welcome aboard 01kelly!, Navy, can you assign him a seat in the lifeboat? What do you mean we have no lifeboat?
DayTraders [12:10] TRADING ALERT: Consider BUY TQNT at price of $59 1/2. . Always use a protective stop loss.
temar12 [12:10] Floyd!
MrGary [12:11]
Navy [12:11] Floyd, got plenty of seat….we’re just short of life rafts…in fact…oops there goes the last one.
DayTraders [12:11] TRADING ALERT: TQNT Target 62. Stop 59..
CHACHING [12:11] lifeboats left long ago…only us rats left, going down with the ship…
ram [12:11] they took off with all the lifeboats a long time ago
eagletrade [12:11] 01kelly, Hi, just watch you’ll be well positioned for the turn around in this market, will be lots of bargins when this down trend is over. good luck.
Floyd [12:11] :-)
DayTraders [12:11] TRADING ALERT: FDRY Raise target to 86. Raise stop to 83..
Navy [12:11] liferafts=lifevests
temar12 [12:11] EMLX. Two fat green candles in a row, gosh.
DayTraders [12:12] TRADING ALERT: Consider BUY JDSU at price of $84 1/2 . Always use a protective stop loss.
KING [12:12] titanic number 2
DayTraders [12:12] TRADING ALERT: JDSU Target 88. Stop 84..
temar12 [12:12] Here comes red one.
doc [12:12] Hey wait, thats Floyd’s job to go down with the ship…
01kelly [12:13] looking forward to the ride with you guys…
CHACHING [12:13] out EXDS…I really felt tlike stashing that batch away in the portfolio, but too chicken…..
Ziggy [12:13] MIPS :-))
KING [12:13] lol. doc
Navy [12:13] Does anyone have the sense that there’s still alot of folks out there with cash….like me a few days ago
robfish46 [12:13] stocks are moving too fast offers are not taken even 1/2 point above alert price
Chef [12:14] Ching bring the bird over we will have afeast
jeraldo [12:14] CHACH …just bought your exds at 92
BillSFla [12:14] out SUNW thanks again RayBrian
Marcus [12:15] Chaching…I just bought some SUNW at 76 for the long term account…IT HAS to be a good buy at this level doesn’t it?
CHACHING [12:15] fund managers should be awash in cash, if they all told the truth when they said they lightened up their tech holdings….
Floyd [12:16] CNBC just mentioned that very fact CHACHING. About twenty minutes ago…..
CHACHING [12:16] absolutley Marcus….but I also thought it was a good buy at $86….
Marcus [12:16] thats what I thought too
CHACHING [12:16] ahhhhhaaaaa…I should be a talking head….I’ll take the seat right next to maria B…
Marcus [12:17] I’ll think it’s REALLY a good buy at 56 probably
Floyd [12:17]
temar12 [12:17] The Maria, Regis and Chaching show.
Marcus [12:18] But I keep thinking it’s a lot better to be buying now then it was 1600 Naz points ago!
CHACHING [12:18] kingy, you watching ATHM…was almost $20 about 30 minutes ago…..
jeraldo [12:18] out FDRY for 3 sticks…thanks DT….
KING [12:18] yep. i feel it may do 18 before all is said and done with this NAZ correction
CHACHING [12:19] ohoh…looks like it’s heading back down there again…..
Ziggy [12:19] ATON :-)))
DayTraders [12:19] TRADING ALERT: TQNT with a possible target of $59 Hit our stop after being up 1 1/2 after the alert..
KING [12:19] that Jaffries guy may have been right with his 12 month $40 target on ATHM
DayTraders [12:20] TRADING ALERT: Consider SELL POSITION JDSU with a possible target of $84 Hit our stop after being up 1 1/2 after the alert.. Always use a protective stop loss.
robfish46 [12:20] Dt-These rallys seem to last 5 minutes and then everything pulls back to alert prices or stops. Have to sell into the upside move for small gains. Comments please
Marcus [12:21] robfish…I’d like a burger shake and fries please.
Marcus [12:21] Oops wrong comments.
KING [12:21] nice analysis rob. would have worked on QQQ all day, but too scared to jump in there
eagletrade [12:21] robfish46, from what I’ve seen, your right, jmho
temar12 [12:22] interesting chart on schl.
Trader_Ric [12:22] moment of truth, does this rally fail
DayTraders [12:22] robfish - If you can make a point or two in 5 minutes that’s a nice trade. The past few days, you need to take profits quickly.
Trader_Ric [12:23] 2nd leg up would convince many people
robfish46 [12:23] king-I prefer to hold longer than that for bigger gains, but they are not there today at the moment. We never know when dts’ calls will be when rmarket continues r\to ramp up. Want to be there when it does happen though
CHACHING [12:23] rob - you have to gamble and buy early, then be quick to exit while the buying is still good…..worked twice for me recently, charts said buy, so I did….but if you wrong with that strategy in this market, it could be devasting….
DayTraders [12:23] TRADING ALERT: Consider SELL POSITION FDRY with a possible target of $83 7/8 Up 4 3/8 from the alert; it was up 5 1/2 earlierr.. Always use a protective stop loss.
KING [12:24] rob. the bigger gains can be had in the bull markets. when you can let something run with the support under you. in this market some of these stocks support level is zero
robfish46 [12:24] Dt-I agree. I am at professional trading site and even here the prices of the ask have already moved 1/2 point sometimes after I see your alert. Not your fault of course.
robfish46 [12:25] Chaching-100% correct. Not risking devastation on Naz. Will only attempt on nyse with tight stop
wildwes [12:25] Floyd, any news on FAIM?, big drop down to 8 and change around noon
KING [12:26] good way to play it rob
Floyd [12:26] FAIM moving with the markets…there’s no news……
bottomfish [12:27] Hoping for a noon bounce
lublind1 [12:27] anyone like sltc
wildwes [12:28] probably, thanks
alleycee [12:28] may be some buying after lunch
robfish46 [12:28] dt-took 2 3/16 in am on jdsu. I willnot chase em.
temar12 [12:28] AOL…
Perkman [12:29] bgen is one tough cookie
NewsAlert [12:30] RESEARCH ALERT: O’BRIEN AND BAUMAN’S HOT STOCKS: TTN SFE CPN QCOM ANCR –TTN, SFE and CPN were the best performing NYSE stocks in 1999, and QCOM, ANCR and BVSN were Nasdaq’s best performers last year..
doc [12:32] I think the vol has picked up a little….maybe we are washing em out….
seven [12:32] GTW up 1 7/16 in a bad market
alleycee [12:32] how much are we down on NAZ?
CHACHING [12:32] marcus - that 76 SUNW buy looking golden…maybe you should rethink your hold on it and daytrade it….
doc [12:33] 246….
NewsAlert [12:33] RESEARCH ALERT: HPS HealthPlan Services and UICI call off merger HPS UCI.
NewsAlert [12:33] RESEARCH ALERT: GO [$GIN,GO] GOLDMAN/SACHS INTERNET INDEX FALLS 8.1%, GO NETWORK DOWN 15%.
Marcus [12:33] I AM thinking about that.
alleycee [12:33] thanks
jsf [12:34] heading down again imo
CHACHING [12:35] drakey - odds on 3 green bugs today…..
alleycee [12:36] FDRY going down again
drakewick [12:36] about same odds u r good looking Chach
Floyd [12:36] Right on jsf, and some stocks doing lower lows and lower highs on the bounces thing…..
NewsAlert [12:37] RESEARCH ALERT: Greenspan on CNBC…..
bottomfish [12:37] Green sorry for overding it
stressboy [12:38] wouldn’t it be great if no one laughed at his jokes and they didn’t applaud
DayTraders [12:38] TRADING ALERT: Consider BUY TQNT at price of $55 1/16 . Always use a protective stop loss.
NewsAlert [12:38] RESEARCH ALERT: ERICY Ericsson wins USD35m TDMA contract in Ukraine.
NewsAlert [12:39] RESEARCH ALERT: BMG [$XAU,BMG] PHILADELPHIA GOLD AND SILVER INDEX RISES 4.9%, BATTLE MOUNTAIN GOLD LEDS UP 13%.
DayTraders [12:39] TRADING ALERT: TQNT Target 59. Stop 54 1/2..
temar12 [12:39] RAZF
NewsAlert [12:39] BLOCK TRADE ALERT: MSFT Microsoft Corp (MSFT) Block: 150,000 Shares At 75 15/16.
CHACHING [12:39] In EXDS…..
NewsAlert [12:40] BLOCK TRADE ALERT: MSFT Microsoft Corp (MSFT) Block: 150,000 Shares At 75 11/16.
Matanuska [12:41] CSCO again
NewsAlert [12:42] RESEARCH ALERT: AOL Amer Online (AOL) V-Alert: -4 5/16 At 54 15/16 On 15,550,100.
DayTraders [12:42] TRADING ALERT: TQNT Raise target to 61. Raise stop to 58..
Floyd [12:42] Early in the day for AOL to be setting off a Volumn alert…..
DayTraders [12:44] TRADING ALERT: Consider SELL POSITION TQNT with a possible target of $58 3/8 . Always use a protective stop loss.
temar12 [12:44] RNWK
doc [12:44] PMCS back to green….
NewsAlert [12:45] BLOCK TRADE ALERT: AOL Ttl blk vol: 9,284,900 = 59.7% ttl vol –Avg blk vol: 13,779,808 = 54.2% avg daily vol –4.5% above average block vol in relation to total volumn.
DayTraders [12:45] TRADING ALERT: Consider SELL POSITION TQNT with a possible target of $58 3/8 Up 3 3/16 from the alert; bid is 58 3/4 now. I may have been a bit early on the sell.. Always use a protective stop loss.
NewsAlert [12:46] BLOCK TRADE ALERT: EBAY eBay (EBAY) V-Alert: -1/2 At 138 5/16 On 3,147,700.
doc [12:47] EXDS..
NewsAlert [12:47] BLOCK TRADE ALERT: EBAY EBAY is up 2 3/16 since that Alert was sent out…and it’s block activity is up 100% over normal.
DayTraders [12:48] TRADING ALERT: Consider BUY JDSU at price of $86 7/16 . Always use a protective stop loss.
Ziggy [12:48] Out FDRY :-))
CHACHING [12:48] out EXDS….4.5 stones in 5 minutes….I feel very lucky…..
DayTraders [12:48] TRADING ALERT: JDSU Target 90. Stop 85 3/4..
DayTraders [12:49] TRADING ALERT: Consider BUY IFCI at price of $13 3/8 . Always use a protective stop loss.
eagletrade [12:49] wtg chachy !
temar12 [12:49] Chaching! wtg!!
Matanuska [12:49] CACH
DayTraders [12:49] TRADING ALERT: IFCI Target 14 1/2. Stop 12 7/8..
CHACHING [12:50] thanks…now I have more money to lose…
Floyd [12:50] Traders that like it hot and fast and have the right tools may want to look at the YHOO swings…..
DayTraders [12:51] TRADING ALERT: Consider SELL POSITION JDSU with a possible target of $85 3/4 Hit our stop.. Always use a protective stop loss.
Matanuska [12:51] out CSCO gottsta go 1 stone :-))
temar12 [12:51] This must be that fear pundints are talking about… Keep getting these great buy signals, but can’t get finger to pull trigger.
alleycee [12:52] 3 sticks on TQNT thank u DT
CHACHING [12:52] wtg Mat….that’s the way to play today…
DayTraders [12:52] alleycee!
robfish46 [12:53] in nt at 13/16
DayTraders [12:53] Back in a few minutes.
CHACHING [12:54] whoo…better not get caught on the wrong side of one of those YHOO moves, for sure….
seven [12:56] NAZ up 70…………..off it’s low…….hey it’s a positive comment
Ziggy [12:57] QQQ falling back
tuesday [12:57] seven, CNBC won’t like you for saying a positive comment
KING [12:57] Zig, do you play QQQ long and short?
Ziggy [12:58] King, No, but I should…
KING [12:59] i may take a shot in a little while. looks to be setting up for a rally
CHACHING [13:00] drats…didn’t get an EXDS fill…not chasing….
optiont [13:01] hello everyone…newmember here…
daytrdr69 [13:01] AMZN has pretty good support around 40 the last 2 yrs for you investor types
Ziggy [13:01] Hope fed don’t rise intrest rate….
CHACHING [13:02] 25K buy EXDS 93 1/8…maybe I should’ve chased it alittle….
CHACHING [13:02] hello optiont….
bottomfish [13:02] sure looks like turn around
optiont [13:03] hi chaching…hope making money.
Ziggy [13:03] DOW -300
CHACHING [13:03] Ziggy, they really don’t have a choice after the inflation numbers yesterday and today…I just hope they don’t raise 50 bp….
KING [13:04] hi optiont. options is where the real dough is at : )
Floyd [13:04] optiont! welcome!!
optiont [13:04] thanks floyd..
EJJ [13:04] when’s the FOMC meeting in May? tia
optiont [13:05] hello king, bought some brcm calls
CHACHING [13:05] everytime I think that bottom, the buying stops and the sellers step in…..maybe you thinking more clearly than me…
KING [13:05] how are you doing with them?
doc [13:05] 5-16….i think EJJ…
NewsAlert [13:06] RESEARCH ALERT: ISKY WITHDRAWS ITS 5 MLN SHARE IPO DUE TO MARKET VOLITILITY.
optiont [13:06] good gotin at the low at 4 bucks..apr 145 calls
EJJ [13:06] thx, doc. gotta close re-fi on house quick :o)
daytrdr69 [13:07] geez..been looking at 3 yr. charts…stocks like BVSN look real cheap till you see that it was at 2.50 3 yrs. ago
KING [13:07] how many contracts do you normally buy, option?
Marcus [13:07] Chaching…I don’t know WHEN it will happen but I am betting on a Powerful bounce back from these extreme oversold conditions…again…don’t know when but when it happens I want to be ready.
jeraldo [13:07] not sure this is a real turnaround
seven [13:07] hoping GTW can bust 54
NewsAlert [13:07] BLOCK TRADE ALERT: CSCO Cisco Sys (CSCO) Block: 324,000 Shares At 58.
jeraldo [13:08] so many false bounces….har to know which ones is
optiont [13:08] normally about 30-40 sometimes 100
jeraldo [13:08] THE BOUNCE
KING [13:08] wow. thats the way to do it. wish i had the guts
alleycee [13:08] JDSU semms comfortable at 86
CHACHING [13:08] I was thinking that also Marcus, but I’ve changed my mind after the last few days. I’m just hoping to set a bottom, and then I look forward to a nice, steady rise. My hopes for a snap back rally have been dashed…..
bottomfish [13:08] jerard, hope next one is for real
seven [13:08] we need an other “the plan”
NewsAlert [13:09] BLOCK TRADE ALERT: CSCO Ttl blk vol: 11,608,800 = 23.5% ttl vol — Avg blk vol: 8,841,294 = 15.6% avg daily vol — that’s an 8% increase over average……
alleycee [13:09] feels like a small bounce about to happen
CHACHING [13:10] there BillS, is that enough capitulation for you? drank my last Red Bug for lunch too…make that the last 12 Red Bugs…
optiont [13:10] just start small..about 5 contracts and gradually you will build confidence
KING [13:10] johnny walker red bug
BillSFla [13:11] all right….let it begin
CHACHING [13:11] hic ..
BillSFla [13:12] SUNW
KING [13:12] option, normally buy and hold options for a while. never tried to trade them in fast markets. tough enough with the more liquid stocks
alleycee [13:12] JDSU 87
temar12 [13:13] EXDS
optiont [13:13] always lost money holding options overnight..have gut feeling that today nasdaq will rebound..
doc [13:14] naz vol 1.5 bln now…
CHACHING [13:14] could be that greasy lunch you had optiont…
DayTraders [13:14] TRADING ALERT: Consider BUY BVSN at price of $34 1/2 . Always use a protective stop loss.
bottomfish [13:15] options idea of .50 hike could hurt markests moday
Ziggy [13:15] BVSN :-)))
DayTraders [13:15] TRADING ALERT: BVSN Target 37. Stop 34..
NewsAlert [13:15] RESEARCH ALERT: SCBI SCB COMPUTER TECHNOLOGY ANNOUCES INVESTIGATION INTO POSSIBLE ACCOUNT IRREGULARITIES.
CHACHING [13:15] AOL block buys….COME ON!!!! Broaden out rally…..
DayTraders [13:16] TRADING ALERT: Consider BUY TQNT at price of $62 7/16 . Always use a protective stop loss.
alleycee [13:16] JDSU 88
yoyo [13:16] In BVSN 1/2
DayTraders [13:16] TRADING ALERT: TQNT Target 65. Stop 62..
DayTraders [13:16] TRADING ALERT: Consider BUY JDSU at price of $88 . Always use a protective stop loss.
DayTraders [13:17] TRADING ALERT: JDSU Target 92. Stop 87 1/2..
optiont [13:18] generally skip lunch when market tanking…just watch brcm recover
Ziggy [13:18] BVSN
Nescom [13:18] BVSN
DayTraders [13:18] TRADING ALERT: RIMM at price of $39 15/16 .
CHACHING [13:19] Naz back over simple 200 day MA….
DayTraders [13:19] TRADING ALERT: RIMM Target 42. Stop 39 1/2..
yoyo [13:19] Out BVSN for 3/4
NewsAlert [13:20] BLOCK TRADE ALERT: QQQ NASDAQ 100 Shares Block: 300,000 shrs at 86 3/8.
yoyo [13:20] I am taking any profit I can get today
BillSFla [13:20] out SUNW that was sloppy
NewsAlert [13:21] RESEARCH ALERT: PAET PAETEC FILES FOR $100 MLN INITIAL PUBLIC OFFERING.
DayTraders [13:21] TRADING ALERT: Consider SELL POSITION JDSU with a possible target of $87 1/2 Hit our stop after being up 1 point after the alert.. Always use a protective stop loss.
NewsAlert [13:22] BLOCK TRADE ALERT: AOL Amer Online (AOL) Block: 400,000 Shares At 55.
robfish46 [13:22] out bvsn small profit
DayTraders [13:23] TRADING ALERT: Consider SELL POSITION TQNT with a possible target of $62 Hit our stop after being up 5/8 after the alert.. Always use a protective stop loss.
Ziggy [13:23] QQQ Bounce……
CHACHING [13:23] GSTRF bouncing off $9…..20 more points and I’m in the money…..
Ziggy [13:25] BVSN :-)))
stressboy [13:26] cnbc athm KILLER
tuesday [13:26] Chaching, thats so funny, I could laugh, except I am in the same boat
NewsAlert [13:26] RESEARCH ALERT: ATHM ATHM question on CNBC “out look remains cloudy, I’d lighten up on ATHM.” .
CHACHING [13:27] patooeyyy…he should’ve said that about 20 points ago, not now….
DayTraders [13:27] TRADING ALERT: Consider SELL POSITION RIMM with a possible target of $39 1/2 Hit our stop after being up 1/2 after the alert.. Always use a protective stop loss.
DayTraders [13:28] TRADING ALERT: Consider SELL POSITION BVSN with a possible target of $34 Hit our stop after being up 3/4 after the alert.. Always use a protective stop loss.
eyeping [13:28] afternoon all… mostly cash and quality stox here. heck of a day…
DayTraders [13:29] TRADING ALERT: Consider SELL POSITION IFCI with a possible target of $14 Up 5/8 from the alert; it was up 7/8 earlier.. Always use a protective stop loss.
NewsAlert [13:29] RESEARCH ALERT: U.S. Markets close in 2 hours 31 minutes. .
wildwes [13:29] DT, opinion on GNET here please
Navy [13:30] Floyd, can we just fast fwd to the 31 minutes part
DayTraders [13:31] wildwes - GNET chart looks good but use caution–markets turning fast today.
NewsAlert [13:31] EARNINGS ALERT: HSM HUSSMANN INTERNATIONAL SAYS ITS Q1 EARNING WILL EXCEED ESTIMATES OF 12 CENTS A SHARE.
wildwes [13:31] thx DT
jeraldo [13:32] We need someone like Abby Joseph Cohn to come in and try to settle the market…not sure it would work but couldn’t hurt..
daytrdr69 [13:33] “head ” traders say we will see more selling this afternoon according to cnbc Tom
seven [13:33] i doubt that she would want to tarnish her image and be wrong
temar12 [13:34] Abby is going to be Maria’s guest tonight.
Ziggy [13:34] QQQ Looks weak again :-((
temar12 [13:35] Bye all! Have a good weekend! My son won entrance to a clinic with the Celtics on the parquet. Should be more fun than this. Thanks for everything Dave and Floyd.
daytrdr69 [13:36] temart1 2 !!!
J3329 [13:36] anyone know what happened to MICKEY44?? haven’t heard him for awhile?
Floyd [13:37] temar12!! have a ball..!!
CHACHING [13:40] In EXDS….
Ziggy [13:41] QQQ Faling
sunnyboy [13:41] j3329 I asked that question last week, floyd said no comment, I think his pigeons flew the coup and he is chasing them
Marcus [13:41] Chaching…those 20 band trades aren’t as strong as the 0-10 band…good luck…I’m watching and hoping.
Gina [13:42] The bounces are so tiny, gotta be fast thats for sure
J3329 [13:44] sunnyboy maybe he is in the doghouse
sunnyboy [13:44] maybe
alleycee [13:45] thought we had a rally going before… cant make money nowadays
Ziggy [13:45] QQQ :-(((
daytrdr69 [13:45] Notice this does not look like a V bottom like it did Tues. of last week
Ziggy [13:46] DOW -397 Wow..
doc [13:48] daytradr…it may be better that it’s not……need to put in a solid bottom…imo..
daytrdr69 [13:49] doc true
daytrdr69 [13:52] STMP has been going up all day …. those investors must not be watching cnbc…LOL
alleycee [13:52] FDRY SUNW only green on my screen
alleycee [13:54] this looks like the point we buy and watch stock fall into close …been happening past 2 weeks
daytrdr69 [13:55] cnbc aynl. just said don’t buy BVSN here
robfish46 [13:56] daytrdr-Who says we need another V to bottom. We might just keep going down today and or Monday and make a slow death bottom, When all the CNBC folks and the papers say tech is dead and the margin clerks finish we will have the bottom.
jeraldo [13:57] did well on FDRY and RNWK today…..broke even on EXDS…..lost on AKAMM]
Floyd [13:57] rodfish46!
robfish46 [14:00] Floyd et al_Not saying that MOnday will be the bottom. No one knows where it is. Sorry if comments are not appropriate it.
daytrdr69 [14:01] robfish46 I guess I am just used to seeing a V bottom at the end of fast selloffs such as we are seeing in the naz
Gina [14:02] Picked up some WEBB here for long term
Floyd [14:02] …very appropriate and right on the money……
EJJ [14:04] rob, imho, you’re dead on the money :o)
Babalue [14:04] does anyone have an opinion on NTOP tia
daytrdr69 [14:06] dow -444 wow
Ziggy [14:07] Market is CRAZY ……….
jeraldo [14:07] amen…
Gina [14:08] -467
jeraldo [14:09] so much for having moved a portion of my long term crapfolio to “value” stocks….
DayTraders [14:09] TRADING ALERT: Consider BUY TQNT at price of $56 . Always use a protective stop loss.
BillSFla [14:10] CHACH some head fake witht t hat 12 pak…another trailer load headed you way…next time we will wait for Floyd to put it in the log
jeraldo [14:10] value fund is one that only drops 5% a day versus 10% for my growth funds
DayTraders [14:10] TRADING ALERT: TQNT Target 59. Stop 55 1/2..
robfish46 [14:11] tqnt 57 5 seconds after alert
DayTraders [14:11] TRADING ALERT: TQNT Raise target to 61. Raise stop to 57..
jeraldo [14:11] wow….missed tqnt….not going to chase
jeraldo [14:11] wow….missed tqnt….not going to chase
NewsAlert [14:12] RESEARCH ALERT: AOL AOL’s Case: Microsoft A ‘Very Aggressive’ Monopolist [MSFT].
Ziggy [14:12] In CIEN
robfish46 [14:12] jeraldo- me too
NewsAlert [14:13] RESEARCH ALERT: AOL AOL’s Case: Microsoft Wrongs Merit ‘Serious Remedy’.
CHACHING [14:13] ok, so I lied….
DayTraders [14:14] TQNT is an exceptional value below 60. Members with a slightly longer-term focus might consider taking a position.
daytrdr69 [14:14] looks like the naz going to test the intraday low….hold on to your hats
EJJ [14:14] suspect that Case and others involved in MSFT action gonna live to regret day they tried to solve competition problems by dragging govt into it. Govt gets involved once they don’t know how or where to stop looking
NewsAlert [14:15] RESEARCH ALERT: CSCO CISCO IS MOST HEAVILY TRADED ISSUE, WITH 89 MILLION SHARES CHANGING HANDS.
Trader_Ric [14:15] Chach, what was that number? 3285?
Ziggy [14:15] CIEN
Marcus [14:16] EJJ…I’m starting a class action law suit against AOL for polluting the earth with AOL disks and CD-Roms.
doc [14:16] would be nice if we could hold that intraday low….
CHACHING [14:16] if today follows the pattern we’ve been in this week, we should see one more bounce, then the selling should start back up at 2:45 and last into the close, where we close at the low of the day…..
bottomfish [14:17] NADASQ looks like testing todays previouse lows
doc [14:17] Marcus….funny but true…LOL..
CHACHING [14:17] 3,285 was the Merrill guys target T_R….but check the log, Floyd made a very pertinent comment about that number…..
EJJ [14:17] Marcus, our recycling guys said enough of the AOL discs we keep tossing out :o)
daytrdr69 [14:17] CHACH well put
Ziggy [14:18] CIEN Bounce ….
NewsAlert [14:18] RESEARCH ALERT: Harmon on CNBC now….
NewsAlert [14:19] RESEARCH ALERT: We are getting close to a buying opportunity…may have another 5 or 10% to go. -Steve Harmon.
wildwes [14:20] CRA
Ziggy [14:20] CIEN :-)))
Marcus [14:20] Oh good…only another 10 percent down. Yippee!
bottomfish [14:21] bounce
jeraldo [14:21] CNBC seems to delight in this madness…lets look for the umteenth time how much the high flyers have come down….etc.
EJJ [14:22] so, Harmon’s saying we’re looking for 3300? mighty close to Merrill’s guy
brodo [14:22] jeraldo, CNBC’s viewership goes way up when the market is tanking. They love it.
DayTraders [14:23] TRADING ALERT: Consider BUY VOXX at price of $31 1/2 . Always use a protective stop loss.
EJJ [14:23] jeraldo, train wrecks sell I guess
CHACHING [14:23] all the ducks are lining up in a row EJJ…next week they’ll all be jumping on the buy bandwagon…..
NewsAlert [14:23] RESEARCH ALERT: The Nasdaq continues lower Friday. Keith Raphael, Pres.Crosscurrent Investment Advisory thinks the Nasdaq could fall another20%. For the complete streaming audio story users should accessClick here for complete story.
jeraldo [14:23] don’t want to bash CNBC but sometimes it just really hurts….sorry Floyd….
Floyd [14:23] That just hit the wires….
EJJ [14:23] Chach, I figure I’ll start paying attention after lunch Tuesday :o)
alleycee [14:25] no patience ….in JDSU for a bounce
DayTraders [14:25] TRADING ALERT: VOXX Target 34. Stop 31. Another exceptional value for those with a longer-term perspective..
CHACHING [14:25] I hope we start to break this weeks trend….we’ve seen enough selling, what say we see some BUYING start at 2:45, and we bounce into the close…..
alleycee [14:26] streamer froze
Ziggy [14:26] CIEN
doc [14:27] wouldn’t hurt my feelings Chach if we saw the bottom this morning…
EJJ [14:27] Chach, love to see it too, but would worry about it being just another head fake
sticks [14:28] CACH I’d certainly be for that, as I’m everyone else would!
Ziggy [14:28] Glad my long-term acount not on margin
DayTraders [14:29] Back in a few.
sticks [14:29] I’m sure everyone…
NewsAlert [14:29] RESEARCH ALERT: As Nasdaq Continues to Fall, Technology Analyst Pat Dorsey Remians Unfazed by Market’s Wild Ride — (Streaming audio)Click here for complete story.
KING [14:29] the only bottom i will see today is the bottom of empty beer glass tonight
Gina [14:30] Ziggy same here
Floyd [14:31] That Pat Dorsey story is very good and spells out the fact that market is looking for valuation….it’s streaming media and taks longer for 56k modem users to downlad but is well worth while. maybe save it for after hours…..
Ziggy [14:31] CIEn
CHACHING [14:32] lets look for valuation at higher ground…
alleycee [14:33] even SUNW starting to sell off
jeraldo [14:34] lose 42% of market cap for missing whisper numbers…geez….
jeraldo [14:34] thats after already coming down 50% off of high
Ziggy [14:35] CIEN :-))
Floyd [14:36] As far as how far can the market drop, let’s explore something for just a minute. If the market is looking for valuation in the same sense as the Warerren Buffets and Julian Robertsons looked at valuation, all you have to do is apply that figure to our favorite stocks or the NASDAQ in general and see what you get……but make sure you have adult supervision or are at least sitting down when you do…..
SnP [14:36] GMST has been hangin’ tough
KING [14:36] going to start my shopping list this weekend to look for some swing trades next week
jeraldo [14:37] valuation is ultimately some discounted value of future earnings….
EJJ [14:37] Floyd, removing all firearms and sharp objects would also be in order :o)
Ziggy [14:37] CIEN ;-))
daytrdr69 [14:37] Floyd !!!
jeraldo [14:37] problem is when market starts using future revenues as a surrogate for nonexistant earnings
alleycee [14:39] why is EBAY up?
CHACHING [14:39] you got a problem with that jeraldo?
CHACHING [14:39] wow…PWAV now up double digits….
KING [14:40] wow. dow down 5 beans
daytrdr69 [14:40] dow - 500
jeraldo [14:40] no CHACH: especially for B2Bs where they record dollars spent on their websites as revenues, when they simply earn a tiny comission on those dollars
CHACHING [14:41] actually, that’s an excellent point jeraldo….
KING [14:42] my broker may be looking for a new job. put a lot of clients in PPRO at 92. 10 days ago. wow. ouch
Floyd [14:42] Conservative valuation is based on current earnings and past performance……real numbers based on what it has done…not on what you want it to do or hope it will do .
jeraldo [14:42] CHACH: the real issue going forward is what will market do for those blue chip tech stocks like INTC, CSCO, SUNW etc. where even new lower p/e’s are still way above earnings growth…..
Popotito [14:42] opinion on INTC DT please , tia
bottomfish [14:43] oh my god, nasdaq heading for lowest in this day
Trader_Ric [14:43] SnP futures should unlock in next minute
Ziggy [14:44] Wish I shorted BVSN at $35 ;-((
Trader_Ric [14:44] “Maria, you’re the only good looking thing left on Wall Street” barf
Trader_Ric [14:44] barf to the stupid compliment, not Maria
wildwes [14:44] Naz -301
SnP [14:45] Ric they are locked
Floyd [14:45] That was my point exactly jeraldo…..worse case they will drive them down to what? a 30 p/e?
alleycee [14:45] good one T R
EJJ [14:45] T-R, geez, glad I had cnbc on mute; yuck
Ziggy [14:46] DOW -532 Holy mother of god….
CHACHING [14:46] ok, it’s 2:45…..anybody feel like buying???
daytrdr69 [14:46] Before they changed the rules last yr. the market would be halted now….I wonder what that would be like
BSpencer7 [14:46] new measure is going to be…p/g..guestimate…
KING [14:46] chachy : )
robfish46 [14:46] S & P futures lock limit down
jeraldo [14:46] can we ease up on the religious invocations….G-d may be short QQQ so he won’t really care
Ziggy [14:46] NAZ -301
alleycee [14:47] JDSU boucing off of 82
KING [14:47] i’ll buy all your ATHM shares for 15 chach
EJJ [14:47] imho, closing mkts right now would cause major panic Monday a.m. no matter what analysts, pundits, tc. say
SnP [14:47] unlocked now
BillSFla [14:47] geeze CACH has opened up a beer stand
CHACHING [14:48] hmmm…wait until Tuesday Kingy, you just may have yourself a deal….
KING [14:48] lol. maybe at close today
Marcus [14:48] New Rotation pattern detected. It was out of Dow into Naz, then out of Naz into dow, now out of everything and into pocket. Need another rotation…out of pocket and into markets again. Hope we don’t have to wait a long time…but you never know until you know.
Nescom [14:49] I’m looking for next week not today. Just my opinion
DayTraders [14:49] TRADING ALERT: Consider SELL POSITION TQNT with a possible target of $57 Hit our revised upward stop–up 1 point from the alert; it had been up 4 points earlier.. Always use a protective stop loss.
Ziggy [14:49] No safe haven anywhere……
lucky3777 [14:50] you got that right ziggy try a CD….
CHACHING [14:51] bank cd’s ziggy…..
lucky3777 [14:51] ESIO still in it’s trading range 50-65.
yoyo [14:51] OK it is bounce time but for how long
doc [14:51] 3369 new intrday low….
CHACHING [14:51] buyers showing up…about 5 minutes late….sure don’t expect it to last though…..
lucky3777 [14:52] hope it’s not another head fake yoyo…
DayTraders [14:52] For a safe haven, check out EQR it has gone up every day this week and last.
Marcus [14:52] lucky…my stocks are stuck in a trading range too. 0 -300…hoping for an upside breakout soon
Gina [14:52] Just picked up some CNTR long term, along with more MIGS and WEBB, I think it’s time for me to stop here and wait.
SnP [14:53] in GMST
Floyd [14:53] Marcus!
jeraldo [14:53] in RNWK at 31.5
daytrdr69 [14:53] someone is buying here
Popotito [14:54] iam buying INTC
jeraldo [14:54] MSTR at 35
jeraldo [14:54] correction: 35.5
sunnyboy [14:54] PDYN only 4pts above ipo price of last august,they make a product and a profit
Gina [14:55] Boy this month is one we will talk about for a long time imho
yoyo [14:55] NOTHING at 0
Ziggy [14:56] Sunnyboy, I added more PDYN to my long-term acount :-)) Earnings out next week…..
CHACHING [14:56] this week Gina…was thinking the same thing…I seriously doubt we will ever, ever see something like this again…..
Marcus [14:56] In NOTHING on Yoyo’s call!
opies [14:56] they are gone :-(((
RT_ [14:56] 10 years from now, we won’t even remember this
yoyo [14:56] careful my friends
Ziggy [14:57] FDRY just drop…..
Gina [14:57] Chach do you remember way back when in the late eighties, this is a real dose of reality for most.
KING [14:57] buy as much of your favorite stock at 0
Trader_Ric [14:57] Except for Chach, nobody wants to be first
jsf [14:57] futures dropping fast
Ziggy [14:57] King I wish :-))
CHACHING [14:57] late eighties???? I was still in diapers….
Gina [14:58] The next 60 minutes will tell the tale imho
yoyo [14:58] tick turning south and quickly
bottomfish [14:58] buy sell, buy sell, Ihope moday will be better
Ziggy [14:58] FDRY, No more safe haven :-((
CHACHING [14:58] Kingy, not even I want to buy here, even with drakey’s money….
KING [14:58] Ziggy, does QQQ always trade with the big spreads? I have started to watch it last week or so. Thinking about trading that instead of individual stocks for day trades
Trader_Ric [14:59] OK, in CIEN
len57 [14:59] I rember that black Monday in Oct 87. had margin-did I get hit.
KING [14:59] don’t see any buyers coming in today. extinct like the dinosuars today
alleycee [15:00] 3:00 time for some buying
Ziggy [15:00] King, I never trade the QQQ or DIA, maybe I should… Spead is big….
wildwes [15:01] in TQNT 55
doc [15:01] someone has been buying….naz vol over 2 bln now…
KING [15:02] no Friday selloff next week : )
sunnyboy [15:02] ziggy, there is a traffic light in front of their building, I cuss it every day I go past them which is several times a day
CHACHING [15:02] that’s me doc…just bought 1B shares of BAAT…cost me 50 bucks…..
yoyo [15:02] DT you should not have talked about EQR its red now
doc [15:02] LOL…
ABOGADO1 [15:02] DT -what can we expect next week??? Any idea???
Ziggy [15:02] King, No one going to alive by than ….
KING [15:03] market closed next friday . lol
Turbo [15:03] Chach Lol
doc [15:04] 4 day week and options experation next week ..add a little more volitility…
DayTraders [15:04] ABOGADO1 - I expect more selling due to margin calls and terrific opportunities for those able to take advantage of them.
daytrdr69 [15:05] JDSU at the intraday low
sunnyboy [15:05] is QQQ a bb stock, I can’t get read on it from esignal
Navy [15:05] CHACH NT?
DayTraders [15:05] yoyo - I bet EQR closes positive.
KING [15:06] doing supply/demand QQQ chart at 1/2 point intervals today. may need more paper. almost off the page now. down down down
ABOGADO1 [15:06] I hope you will inform us when a good opportunity appears. Thanks
yoyo [15:06] Just looked at my retirement account, may be time to dust off my old resume, have to had the part about once being a day trader, lol
KING [15:06] supply= plentiful. demand = nonexistent
yoyo [15:06] Dave I don’t gamble, I am a day trader, lol
Gina [15:07] Doc we needed some more, yea right
DayTraders [15:07] TRADING ALERT: Consider SELL POSITION VOXX with a possible target of $31 Hit our stop after being up 1/2 after the alert.. Always use a protective stop loss.
CHACHING [15:07] best to let sleeping dogs lie Navy….
daytrdr69 [15:08] tons of JDSU changing hands at 80
Navy [15:08]
Ziggy [15:08] Abby on CNBC tonight better save us fast …….
bottomfish [15:08] JDSU lowest of the day
Trader_Ric [15:08] I think this will be my first losing week for the millenium
CHACHING [15:09] lets end the week in style and crash the markets…..
Ziggy [15:09] Abby, She damage and she better fix it …
yoyo [15:09] DOW -600 coming soon
stressboy [15:10] this weekend i’m gonna party like it’s 1999!
DagnyT [15:10] Hello, everyone. What cyber bar are we meeting at tonight to drown our collective sorrows? BTW, I’m hurtin’ here too.
stressboy [15:11] staring right now
CHACHING [15:11] Hi Dags…I heard Floyd is opening the Love Shack again….
doc [15:11] i think we pretty much have Chach…
wildwes [15:11] stressboy, LOL
Gina [15:11] Gee I wonder if the guy in the commercial still has money comming out of his wazoo
Trader_Ric [15:11] Gina, fountain ran dry.
EJJ [15:12] Gina, lol :o))))
Gina [15:12]
bottomfish [15:12] mini rally coming to sell your last positions
DagnyT [15:12] Haven’t heard about the Love Shack in a very long time.
KING [15:12] he just signed up for health plan, Gina
Gina [15:12] King hahah
Gina [15:13] Noe the love shack song is going thru my head oh no…..
CHACHING [15:13] next big lawsuit craze going to be against brokers who got their clients in tech stocks in late March….
jeraldo [15:14] where do we sign up CHACHE
jeraldo [15:14] where do we sign up CHACHE
CHACHING [15:14] hmmm…can I sue myself for buying GSTRF and LOR in late March???
Trader_Ric [15:15] Yeah Chach, but your lawyer gets a third hahaha
doc [15:15] brokers got the bases covered, can’t sue em …have to go through arbitrage….LOL..
yoyo [15:15] I can only sue myself and I don’t have much money
CHACHING [15:16] I’ll pay him off in shares of GSTRF anf LOR…they’ll be worth about a buck two fifty pretty soon….
Trader_Ric [15:16] that’s supposing he can collect
jeraldo [15:17] interesting to hear after closing any thoughts on how this could affect fall election if market doesn’t snap back….incumbents get credit or blame….
CHACHING [15:18] I want to buy EXDS…somebody slap me around please….
jsf [15:18] next down leg coming now imo
Trader_Ric [15:18] Jeraldo, that’s easy…the blame.
Gina [15:19] This is like watching some tragic force of nature
EJJ [15stock up to new highs...then we can go through this all over again...
Ziggy [16:27] I remember CNBC folks didn’t care that the NAZ went down, now there GE options is down..now they care …
jeraldo [16:28] my only gainer this week was an organic food chain….I guess thats new age……..
jeraldo [16:28] in the long term portfolio
opies [16:28] ziggy i’ve been saying the same thing all week
jeraldo [16:29] nite all….great support and advice here…thanks Floyd
CHACHING [16:29] nite jeraldo….
Ziggy [16:29] Opies, They so Bias , look at them now GE down big time from high 2 day ago…
brodo [16:30] nite jeraldo.
Floyd [16:30] nite jeraldo and thank you….!!
opies [16:30] ziggy i hope it keeps going down
byebye23 [16:31] check out BRNC……look the whole week…never broke 21 and there was volume ffiv
CHACHING [16:31] GE looks like it’s trading up about 4 points after hours…at 148 1/2….
Ziggy [16:31] CNBC should be so bias,
Ziggy [16:32] Should= shouldn’t
CHACHING [16:33] Floyd, where you a pure day trader before you started working for DTO?
Floyd [16:33] Had the pleasure of hitting golf balls with Ray Harper yesterday…national long ball finals qualifier…..incredable…he hit one 385 yards……I hit one #%@ yards….it went the same direction is all I can say
Floyd [16:34] yes CHACHING…for years…even before the term was coined……
Ziggy [16:35] Floyd, miss Daytrading ??
Floyd [16:35] John Daly’s longest drive this year is 360, Tiger Woods is 341……but they make few more $$$ then Ray does….
brodo [16:35] good night all.
CHACHING [16:35] then you wouldn’t have had a problem with this market…as soon as the market recovers, that’s what I’m going to do…not holding anything anymore….
Floyd [16:36] Not a bit..not in this market….I was getting burnt out is why I tookd this position….long termers will remember I started palying more golf and taking time off…..
opies [16:37] any suggestions on a point and click broker??
CHACHING [16:37] I had the same opportunity with a different long drive guy two years ago….was incredible…he gave me a couple of the balls he hit, I think they were 120 compression balls..I hit one once, it was like hitting a rock, and it went about 80 yeards…I couldn’t swing hard enough to compress the ball and make it fly…
Ziggy [16:37] Floyd, I Know Ray made more than Tokyo Joe ;-))
Floyd [16:39] Not our Ray…Ray Harper the long ball guy!! :-)
bottomfish [16:39] opis lightningball.com
CHACHING [16:39] I saw Tokyo Joe on CNBC last night…mean’t to mention what a difference between Ray and him…like looking at a Ferrari next to a Yugo…was that guy arrogant….
Ziggy [16:40] OK, But still made more than Toyko Joe…:-))
Floyd [16:40] I hit his driver on one of those 120 compression balls…it was like hitting brick wall with a baseball bat……took him ten minutes to stop laughing…
Floyd [16:41] Forget that guy….
CHACHING [16:42] This guy was hugh…about 6′6″, weighed about 300 pounds…I think his driver was longer than I am tall….
CHACHING [16:42] hugh = huge….
Floyd [16:43] He reps for line of clubs that he uses….$795 for the driver…he hits 5 degree driver…I hit a 10.5…looks like a three wood compared…..ya, this guy was big too but not that big….
CHACHING [16:45] 5 degree…yikes….brick on a stick….I used a 7 degree driver for a couple of years…ball would go when you hit it, but it sure made the slice alot bigger…
doc [16:46] Summers says white house watching markets…..what the heck does that mean ?…..
doc [16:46] Watching it go down i guess…
Floyd [16:46] He helped me on my driver….widened my stance and changed my grip…. now if I can get some his talent….
CHACHING [16:46] he said that earlier in the week too doc….same quote….
CHACHING [16:49] I’m beyond help at this stage…I don’t take the game serious anymore…and I enjoy it more….just nice getting out in the fresh air for a couple of hours…Saturday evenings in the summer are just superb, with just me and the wifey and nobody else around….
CHACHING [16:50] wifey doesn’t play, she just comes out for the walk…I really enjoy those times the most….
Floyd [16:53] Yup..that’s me…I used to think I was going to be a good golfer….ended up hating the game…now I just go putz around and love…I pick up at 2 over par on ever hole no matter where I’m at on the gree or still in the fairway…..
Floyd [16:56] I got to return some phone calls…see you folks on Monday. Have a good weekend!!
CHACHING [16:56] nite Floyd….
doc [16:58] Nite Floyd…
CHACHING [16:59] lots of stocks trading up after hours doc….just like every other night this week….
Ziggy [16:59] Good Nite Guys and Floyd ;-)) Pray for rally next week :-))
doc [17:00] LU held up quite well today…..may have to give it another look mon…..
ebbing [17:00] Chaching…Hmmmm, all except for mine, probably
doc [17:00] Have a good one Ziggy….
CHACHING [17:01] nite Ziggy….
CHACHING [17:02] CSCO up 1 1/16, SUNW up 2 1/2
CHACHING [17:03] chippies all trading up doc..especially VTSS, AMCC is down though….
CHACHING [17:04] nah, I take that back…last VTSS trade only at 54 11/16….
doc [17:05] chippies sure need a rally…..
CHACHING [17:05] cripes, everything needs a rally…
doc [17:06] it’s coming…soon i hope…
fishnswim [17:06] i show GE at 144 and 3/4 after hours
fishnswim [17:07] down 4 more…close was 148 1/2
CHACHING [17:07] hope it keeps going down too fish…make those CNBC guys pay…
fishnswim [17:08] lol…same hre
CHACHING [17:08] good…I had it backwards…I saw 148 1/2….I thought it closed at about 144 1/2….
doc [17:09] yeah that’ll teach em to bring on a bear after a week like this…LOL..
CHACHING [17:10] nite everybody…lets all have a nice, restful weekend..I think it’s safe to say next week will not be a repeat of this week…
CHACHING [17:11] but if it is, I’ll be the first to jump…
doc [17:11] Have a good one Chachy……..
BSpencer7 [17:12] had bars put on windows here
tishan [17:26] test
jonchoi [17:27] Hello, anyone out there?
Trader_Ric [17:50] Hello
Matanuska [18:10] hello
Matanuska [18:10] hello
tascomp [18:17] test
tascomp [18:17] hello
jonchoi [18:30] Hello
Trader_Ric [18:31] I’m here
Trader_Ric [18:31] Anybody else?
jonchoi [18:32] I am doing after hour shopping. I may be getting killed Monday but I just couldn’t resist some of these bargain basement prices. Got killed today. Lost around 15k I think. How did you do?
Trader_Ric [18:33] About 3k, an insignificant amount for me.
Trader_Ric [18:33] I’m waiting to see the bottom first.
Trader_Ric [18:34] Sorry about your 15k, that hurts.
jonchoi [18:36] I am still up from my original amount I started with but today hurts! I thought it reached the bottem yesterday and loaded up and got killed.. I was up over 30k past 3 weeks and this week gave up close to 20k.. The funny thing is I shorted a few
jonchoi [18:37] and covered at the loss. If I only held onto those shorts, I would be doing GREAT by now
Trader_Ric [18:39] I useed to love the short side, but this year I can’t trade short to save my life. I’ve given up. I’m just looking to go long. I had a super day last Tuesday. Looking for a repeat.
jonchoi [18:39] This just has to be the bottom. Even if NAZ reaches 3,000 level, the stocks I bought are at its 52 week low.
Trader_Ric [18:41] I wait to see the bottom. Until then who knows. It’s just a guess.
jonchoi [18:44] No kidding. I was reading a news article. This one ANALists thinks that it will probably go below 3000 before it shoots back to 4000 to stablize.. I am done with day trading for next few months. I bought EONC, AMTD, CNET and BLSW. Except BLSW,
jonchoi [18:44] all 3 of thoses are at its 52 week low (or at least close to it)
Trader_Ric [18:46] I bought today on possibility it was the bottom, once run up starts impossible to catch it, yet I was wrong, so I got out quickly. I don’t have to catch the absolute bottom, just not take big losses. I’ll watch and see what kind of action we get on Monday. I don’t want to see it open up.
regulajoe [18:48] Hello all, I’ve been gone a couple of day’s, how are those in the room faring in all this bad news?
Trader_Ric [18:49] Opening up to me means it may not be bottom yet. As I said earlier in the week, I’d like to see big point loss, record volume, close at lows and next morning open down. I will buy that morning.
Trader_Ric [18:50] Hi Joe, depends on how they trade. I’m sure some people wiped out, others treading water, waiting to buy.
Trader_Ric [18:51] Of course, not everything follows a script, so I buy when I think we’ll get a rally, and cover if it fissels (sp?)
regulajoe [18:52] Just concerned for them, some seem to take this pretty bad, but the market has gone up for a 100 years, and will continue to do so , with some adjustments.
jonchoi [18:52] I have been using the market swing VERY effectively for past 3 weeks until 2 days ago. I started to think that it was absolte bottom and that was basically what killed me past 2 days. I have been observing some charts and it appears that stocks
jonchoi [18:53] that has hit it’s 52 week lows doesn’t go down as bad as other ones that has not. I do feel that there are still many bubbles that may have to be popped though. I got killed on CLRS today and what I didn’t realize before I bought the junk is that
jonchoi [18:54] just about 6 months ago, the stock was at $4 level. I just looked at the high of about $150 and thought it was a bargain. Not touching ANYTHING that has that much of a room for downside. NOT for a WHILE anyways..
regulajoe [18:54] Same here, Jonchoi, until I bought JDSU at 98 two days ago and left. But it should be back, it’s a good company.
Trader_Ric [18:54] Joe, some are cleared out by margin clerks. Also, it could take market months to recover completely. Some stocks never will. Watching your decision turn to disaster is very painful.
regulajoe [18:56] That’s why I say, I hope there aren’t too many friends in DTO hurt too badly. I think the markets will take a few months to recover. IMHO
jonchoi [18:56] I almost bought JDSU today but passed on it after getting burned on CLRS. Too much downside potential (at least to me) I am completely gun shy now. I don’t think I will buy anything that is NOT near 52 week low. To tell you the truth, I don’t
jonchoi [18:57] know why I bought BLSW. They have an earnings announcement coming up. It could kill it quickly (it looks like these days, it doesn’t matter if you blow away the estimate or not. After the earnings announcement, you will tank no matter what. Look
Trader_Ric [18:57] Jonchoi, certain methods work for a long time, but eventually the market changes and it doesn’t work anymore. The market adapts to the method when enough people do it. Not saying that’s happening to the buy the dippers, but it is possible.
jonchoi [18:57] at AMTD and AMD. How the HECK do you explain that?)
regulajoe [18:58] I luckliy only bought a little bit of JDSU, so I feel OK. I haven’t even looked at the funds my wife invests in, nor will I any time soon.
jonchoi [18:58] I know what you mean RIC. I was VERY sucessful using market swings for past 3 weeks. What killed me is when I decided to buy and sleep with it past 2 days thinking that it was absolte bottom. It seems to me, there is NO such thing as absolte
jonchoi [18:58] bottom in today’s market
jonchoi [18:59] One of my employee lost over 80k past 3 weeks. That was his retirement fund. I can’t even talk to him these days. Can’t imagine what he’s feeling. He lost EVERYTHING he made past year and a half..
Trader_Ric [19:00] Today may be bottom, otherwise Monday may be very VERY bloody. I will buy monday, but I won’t let my losses get too big. Tight stops.
jonchoi [19:00] Like we say these days, so much for “hold it for a year and laugh at day traders” theory
Trader_Ric [19:01] Here’s Abby on CNBC
regulajoe [19:07] Got to run, good luck to you all on Monday.
Trader_Ric [19:07] If it is a bloody day, it’ll probably be the bottom. Best to see a strong rally begin to develop. This is my personal opinion.
Trader_Ric [19:07] Nite Joe.
jonchoi [19:10] Gotta go here, too. My wife is waiting downstairs. Good luck Monday Ric! I sure can use some
Trader_Ric [19:10] Good luck to you, have a good weekend.
jonchoi [19:11] Thanks, you too.
bottomfish [19:17] Lots of buyers after hours. It’ll be interesting to see if monday am we get sell off from all the margine calles
CHACHING [20:06] anybody still around?
bottomfish [20:12] glad I have no margine
tishan [20:13] hey Chach, it’s Turbo
CHACHING [20:14] Turbo, you testing out a new name
tishan [20:14] test
tishan [20:14] test
tishan [20:15] no, I’m at a friend’s house… he just signed up
CHACHING [20:16] cool…think your friend may have impeckable timing…he/she missed the worst of the worst….
CHACHING [20:16] sorry…I see the “he” now in your post…
tishan [20:17] I know, I’m jealoous. I have taken a pretty a pretty good hit recently- ya know, long term portfolio
CHACHING [20:18] software doesn’t seem to be working correctly…..I have to relog in after every post…going to reboot….
tishan [20:19] it’s not working well for me either, Chach. I can’t post from the browser version and the software is super slow or makes me reboot after each post
CHACHING [20:20] anybody with a portfolio has taken a hit….that’s part of the game if you hold, I suppose….
tishan [20:20] Did you see Abbe C. on CNBC? I missed it… did she think we had reached more sound levels?
tishan [20:21] Remember when everyone was bragging about how great their long term accts. were? That wasn’t all that long ago…
CHACHING [20:21] I saw it….she called this a market event, not an economic event, and that nothing has changed….
bottomfish [20:22] most stocks are back to where they were a year ago, So much for long term investing
tishan [20:22] I hear ya, bottomfish.
CHACHING [20:23] she said that she has been overweighted in tech stocks, and has been…and that she is still 65 percent in stocks, which she called hardly a beaish statement.
CHACHING [20:23] bearish…don’t tell your friend how bad of a typist I am…
tishan [20:23] Actually, I heard you say the other night, Chach, that you might start strictly daytrading…
tishan [20:24] I’m definitely at that point.
tishan [20:25] Well, I wish that I could stay and chat, but my husband is home waiting for me. You guys are the greatest. I feel like I at least have compadres in the midst of this chaos
CHACHING [20:26] I’m definitely rethinking my entire investing strategy, for sure….I may hold something for a few days when the trend is going my way, but I’m not so sure I will ever hold a stock long term….
CHACHING [20:26] night Turbo…have a nice weekend….
tishan [20:27] I might check in from home to see if you are still here.
tishan [20:27] You too, chach
bottomfish [20:27] Actgually if you buy orcle and the like at these levels you could make out well for a while.
tishan [20:27] night bottomfish
CHACHING [20:28] just sipping beer and watching the hockey game…I’ll probably be drunk by the time you get home…
bottomfish [20:28] bye turbo
tishan [20:28]
CHACHING [20:29] bargins galore bottom….I really like the specialty chip stocks…..RFMD, PMCS, CNXT and others….they are real companies with a product and profits….they are looking real cheap, but I’m not buying until the smoke clears….
bottomfish [20:31] CHA hope you ‘re not late, I see lots of after hours buyhing in those
bottomfish [20:31] Howeerve, they say that a bad friday makes a bad monday. so …
CHACHING [20:32] I’m not worried bottom…PMCS is down 130 points….I can afford to miss the first 10 or 20 points when we turn around….
bottomfish [20:32] that’s mart, CHACH not to chatg a falling thing
CHACHING [20:33] did you see market Watch on CNBC at 7 tonight?
bottomfish [20:33] yeah, looks like Dear Aby corrected her damage. sort of
CHACHING [20:35] I liked the guest analyst poart…5 analysts all predicted that the DOW would be higher next week..one picked it to close next Friday at 11,000…
bottomfish [20:35] CNXT is connexant?
CHACHING [20:36] None of them would come out and call a bottom just yet…and the two in studio guests said they wouldn’t be tech buying just yet….but did you notice their two picks of the week were tech stocks….
CHACHING [20:36] yes, that’s CNXT….
bottomfish [20:37] I kind of look these analyst with skepticism as looking for selfinterst
bottomfish [20:37] thx on the tips, I collect good tech. stocks
CHACHING [20:39] you’re welcome…they will be big winners when the market turns…..
CHACHING [20:39] rse, so will alot of other stocks….
bottomfish [20:39] CNXT poped 3 last minutes, and 1 in after hours. good sign
CHACHING [20:41] stocks have traded up after hours every night this week…and futures were over fair value every morning…until the dang new yorkers got in the office and started selling….
bottomfish [20:41] FDRY is has an incredable !Q
CHACHING [20:42] translate !Q
bottomfish [20:42] some stocks are better for trade, not for hodl
bottomfish [20:43] first quarter
bottomfish [20:43] =1Q
CHACHING [20:44] I’ve traded FDRY a few times..it’s tough to trade..trades in small lots, makes herky jerky moves….you can’t get in when it’s moving up, and you can’t get out when it’s moving down…more a position player than day trader I think….
bottomfish [20:46] I think FDRY small float, I hate it because onece you’re in you can’t leave without a big pay
bottomfish [20:47] FDRY is a matter of knowing how it trades and you can get out with good money,
bottomfish [20:47] Ziggy is an expert, he hold it for long
CHACHING [20:48] that’s what you have to do..get in it, sit back, and let it go….
CHACHING [20:49] and kiss your a$$ goodbye if we have a market like the one we’re in now….
bottomfish [20:50] yeah, but you have to time it because it falls 10 or 20 from time to time. that’s what I hate
bottomfish [20:51] feel sorry forf FDRY holders, It went to 200 and fell back
CHACHING [20:51] both those analysts on TV tonight hated LU..both said they expect it to miss numbers this week….could be a nice short candidate…
bottomfish [20:52] LU at it’s bottom, hard to short at this level. imo
CHACHING [20:53] LU can still fall 52 points…
bottomfish [20:54] LU reported that they will meet their number, two weeks ago when the chat room scandal
bottomfish [20:54] LU in a lot of deals, I liek it for long
CHACHING [20:55] I like it too..have position played it off and on..last time when Ray called it in the newsleter…
CHACHING [20:56] Time for another beer…I’m logging off…have a nice weekend bottomfish…I hope the volatility continues next week, only this time with more upside than down….
bottomfish [20:56] NXTL good perspective. has good news today. that they will provide email in palm, and that in 2 yrs. most itnernet userss will be wireless
bottomfish [20:56] buy
bottomfish [20:56] sory bye
CHACHING [20:57] I traded NXTL a couple of times Wed. and Thur…made money…thanks, I’ll keep an eye on it…