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04/14/2000

April 14 is the day the market declined 700 points. That day, 93% of our
picks were winners; total gains of 43 points and losses of 1 1/4 points.


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%.