Log from 4/29

[11:00:05] Skanaval: Gm all
[11:00:21] jav992: {Skanaval} morning,
[11:00:30] ebertolasio: CXAC UP 80%
[11:00:54] Skanaval: I wanted to spend the entire session answering your questions one by one
[11:01:06] Skanaval: instead of me babbling
[11:01:19] Skanaval: can i ask some questions of you guys later?
[11:01:23] Mary: ok Any order or just ask questions?
[11:01:30] Skanaval: shoot
[11:01:38] Crypt_Keeper: {Skanaval} by all means
[11:01:46] Skanaval: i would like to hear from everyone ehere
[11:01:56] Mary: OK. I am watching SWVC. several good sized trades. then a 1K trade. Any meaning to the odd size?
[11:02:18] Skanaval: what were the prints before the 1000
[11:02:29] Mary: 195K.
[11:02:33] Mary: immediately before.
[11:02:45] Mary: followed the 1K with some biggish trades
[11:03:28] Skanaval: the 1000 is a retail piece
[11:03:38] Crypt_Keeper: {richard295} mornin
[11:03:43] Mary: Do MMs still signal one another?
[11:03:44] Skanaval: let me look now brb
[11:03:55] Skanaval: Yes Mary
[11:04:01] Skanaval: they speak on the phone
[11:04:03] richard295: morn
[11:04:40] Crypt_Keeper: COPI testing .022 again
[11:05:09] ebertolasio: {Skanaval} WHY IS CLXN DROPPING ITS VOLUME IS HUGE
[11:06:02] Skanaval: Ebert stay here let me answer. Mary first
[11:06:10] ebertolasio: K
[11:06:12] Mary: listening
[11:06:13] Skanaval: 195 is not a large trade in dollars
[11:06:23] Mary: k
[11:06:28] jav992: {Skanaval} a stock trades at the ask price let's say .049 for a good part of the day then, all of a sudden they drop the ask down to .044 why????
[11:06:30] Skanaval: that is a normal trade
[11:06:37] Skanaval: Ebert
[11:06:41] Mary: k
[11:07:26] Skanaval: Jav stay here
[11:07:33] Skanaval: let me get Ebert
[11:07:44] jav992: {Skanaval} I live here, lol
[11:07:47] Mary: -49 9 8
[11:07:51] Skanaval: ha
[11:08:32] Skanaval: Ebert CLX has a seller who is turning stock into cash
[11:09:09] Skanaval: companies give stock instead of paying cash for services (To vendors), this is a liquidation
[11:09:27] Skanaval: hard tro tell how much is for sale
[11:09:42] Skanaval: often the shares go out into good news
[11:09:58] Skanaval: so its easier to liquidate and turn into cash
[11:10:11] Skanaval: Jav
[11:10:28] Skanaval: normally this occurs into the close of the market
[11:11:16] Skanaval: when someone is finishin an order ( in this case a sell order) and they just want to complete
[11:11:34] Skanaval: its called selling into the bid
[11:11:35] Mary: Skan, that sort of thing kills a stock.
[11:11:48] Skanaval: Mary... Yes it does
[11:12:02] Skanaval: but stocks are a mish mash of news and volume
[11:12:28] Skanaval: Jav
[11:12:32] Skanaval: did i answer u
[11:12:37] rgnoll: {Skanaval} a scenario if you can explain... Bid is .095 and Ask is .01, the stock has been getting hit hard and continously on the ask @ .01, immediately an mm on the ask drops down to .095 after a minute or so the mm on the
[11:12:43] rgnoll: bid drops down
[11:12:59] jav992: {Skanaval} yes, agree about the kills the stock part
[11:13:13] Skanaval: Rg
[11:13:17] Skanaval: gm
[11:13:20] rgnoll: gm
[11:13:44] jav992: back in a few
[11:13:49] Skanaval: RG
[11:13:54] rgnoll: yes
[11:14:11] Skanaval: that is a computer ajogrythum chasing the bid until its gone and then going offer
[11:14:30] rgnoll: don't follow
[11:14:31] Skanaval: its a computer software program executing
[11:15:18] Skanaval: RG
[11:15:29] rgnoll: I don't follow the implicaton
[11:15:32] Skanaval: i will send you a link on ALGO Trading
[11:15:39] rgnoll: ok
[11:15:42] subpenny7: {Skanaval} Do you agree w/ buy on the rumo, sell on the news?
[11:15:43] Skanaval: too much too type
[11:15:51] Skanaval: Sub
[11:16:04] Skanaval: Yes
[11:16:11] Skanaval: but lets expand on that
[11:16:15] subpenny7: k
[11:16:48] Crypt_Keeper: COPI u/t
[11:16:56] Skanaval: I would only sell on the news
[11:17:02] Skanaval: never buy on rumor
[11:17:37] Skanaval: Milton Freidman thinks insider trading should be legal
[11:17:38] ebertolasio: should i jump
[11:17:56] ebertolasio: sorry about that
[11:18:00] Skanaval: he is a renoun economist form University of Chicago
[11:18:19] Skanaval: becuase information makes the market efficient
[11:18:40] Mary: fairness principles...
[11:18:41] Skanaval: take my advice...nver by rumor
[11:18:44] Skanaval: only sell news
[11:18:53] subpenny7: {Skanaval} tx
[11:19:08] Skanaval: can i ask u guys a question
[11:19:16] Mary: shoot
[11:19:53] Skanaval: why do you come here each day, what do you gain? Is it social interaction?
[11:20:02] Mary: lol
[11:20:09] Skanaval: is it information
[11:20:14] Skanaval: do you make money
[11:20:20] Mary: rofl
[11:20:24] rgnoll: {Skanaval} another scenario if you can explain. A stock is getting volume with a huge # of mirror trades, understand mms' making money from fill spreads. However, in the example I refer to would be where they would do huge # of same price mirror trades. IE...1m @ .001 & 1m @ .001 within 1 or 2 sec
[11:20:26] Skanaval: what is the concensus
[11:20:38] subpenny7: all of the above
[11:20:47] Skanaval: RG give me sec
[11:20:54] ebertolasio: Ideas
[11:21:06] Mary: Skan. We like one another, for the most part. We learn from each other. And, most of us are in and out of the room during the day.
[11:21:25] rgnoll: {rgnoll} doing the mirror trades to create deceptive volume....I've seen it lately on stocks and the volume is 10x ave
[11:21:38] Skanaval: RG
[11:21:40] Curtis Rudolph: {Skanaval} A rising tide floats all boats
[11:21:42] Crypt_Keeper: me personally its the social interaction... hopefully i can learn something... if i can help others great....
[11:21:53] Mary: Making money is a sometime event. I do it so infrequently, that Crypt tells me I can riot when it happens.
[11:21:54] Skanaval: ty all..
[11:22:04] Skanaval: RG
[11:22:08] Skanaval: Mirror trades
[11:22:22] Skanaval: they will alwys happen
[11:22:33] Skanaval: factor it into your macro view
[11:22:47] Skanaval: dont over think each print
[11:23:06] rgnoll: {Skanaval} yes, ok, but what is the purpose when they do say 10x the average volume with 70% match trades...is there a purpose to inflating volume?
[11:24:45] Skanaval: there is no purpose of its a sub penny
[11:25:06] rgnoll: {Skanaval} okie dokie
[11:25:10] Skanaval: but increasin volume means much to a real company
[11:25:23] Skanaval: it means the shareholder base is expanding
[11:25:30] Skanaval: people try to fake this soemtimes
[11:26:08] Skanaval: always integrate Tech nical Analysis into your thought process
[11:27:00] Mary: swvc .0043/,0044 last ,.0044. ut
[11:27:25] Mary: needs to start chipping away that .0045
[11:27:57] rgnoll: {Skanaval} In answer to your question of why I / we are here. I view it as a team effort to find whats moving or not, a group with one intent...to try to have an advantage over the mms'. A group / traders w/o agenda
[11:27:59] jav992: {Mary} .0045=key break "IF" i dows
[11:28:08] Mary: yeh
[11:28:25] Skanaval: may i give u some advice
[11:28:37] jav992: {Skanaval} sure
[11:28:38] Mary: 43/45
[11:28:51] Curtis Rudolph: WEHI. New low
[11:28:58] Skanaval: dont worry about what anyone else is doing
[11:29:27] Skanaval: have a plan. put on a position with a predetrmined plan
[11:30:04] Skanaval: if this happens then i do this, and only make decisons around price action not news
[11:30:41] Mary: Skan. do you assign a target and put in GTC orders?
[11:31:02] Skanaval: only on stop loss
[11:31:08] Mary: k
[11:31:22] Mary: why not on the sell for profit side?
[11:31:32] Skanaval: i pay attention/without being crazy on every tick
[11:31:40] Mary: k
[11:31:42] rgnoll: {Skanaval} that is prudent...do you factor in message board sentiment for entry & exit?
[11:31:51] Stock_Analyzer: good question RG
[11:31:55] Skanaval: because i trade i expect to be right
[11:31:56] Mary: yes, ditto that question
[11:32:21] Skanaval: RG
[11:32:24] rgnoll: {Skanaval} Do MMs' read boards or assign someone to read boards...ie to play them
[11:32:39] Skanaval: RG
[11:32:43] Skanaval: NO and Yes
[11:32:49] Skanaval: No
[11:32:57] Skanaval: i dont use boards for entry
[11:33:01] Mary: please elaborate
[11:33:12] Skanaval: and Yes MM's have someone monitoring boards
[11:33:32] jav992: {Mary} <------------
[11:33:35] jav992: lol
[11:33:40] Mary: So, bashers on I-H and the like actually have an effect. Geez. and such idiots...
[11:34:31] Skanaval: MM's know SEC is watching chats..they will not jepordize thier business es and tweak regulators as part of their process
[11:34:31] ebertolasio: MM's?-----
[11:34:39] Skanaval: Market makers
[11:34:44] ebertolasio: k
[11:35:06] Mary: should ban bashing and only allow pumpers
[11:35:09] Mary: lol
[11:35:11] Skanaval: normally MM's use chat as a way to monitor sentiment
[11:35:22] ebertolasio: i'm a novice
[11:35:31] Skanaval: chats thread is evolving
[11:35:43] Skanaval: let it evolve
[11:35:55] Skanaval: it should not be part of your decision making
[11:36:06] Skanaval: sound startegy and process amkes money
[11:36:13] Mary: {Skanaval} If we did, we'd all jump in the river now...
[11:36:26] Mary: be perpetually wey
[11:36:27] Mary: wet
[11:36:35] Skanaval: I expect to make money when I trade so should you
[11:36:49] Skanaval: if not you are not doing enough prep
[11:37:03] Skanaval: this is a head game
[11:37:07] Stock_Analyzer: {ebertolasio} good to ask questions
[11:37:15] Skanaval: ask away
[11:37:20] ebertolasio: {Stock_Analyzer} Hey whats up
[11:37:32] Stock_Analyzer: {ebertolasio} lurking and reading along
[11:37:33] jav992: {fyrace} welcome
[11:37:43] ebertolasio: Any one like cxac
[11:38:05] Skanaval: ebert may i
[11:38:12] ebertolasio: please
[11:38:38] Skanaval: i have never look at this stock unitl now
[11:41:59] Skanaval: Cross Atlantic expects to generate revenues by purchasing ice cream from Durigon Gelato GmbH in Germany and selling it to major US retailers on an exclusive basis. Cross Atlantic has obtained the exclusive distribution agreement for all products and began to solicit purchase orders from major retail
[11:42:08] Skanaval: this is the key
[11:42:51] Stock_Analyzer: VDTI thumbs down lol
[11:43:27] Mary: -39 6 6
[11:43:58] Skanaval: Ebert, it is commodity distrbution play
[11:44:21] Mary: German ice cream.... Any good?
[11:44:49] Skanaval: you will know these guys buy the black and white coffee they sell
[11:44:50] jav992: {mtrewulf} welcome back
[11:44:52] rgnoll: {mtrewulf} hey...must have got my mess
[11:45:13] mtrewulf: {rgnoll} Yep, Thanks
[11:45:47] Skanaval: Ebert I would call the CEO 954.678.0698
[11:46:20] mtrewulf: {jav992} I've been hanging out at The Lion.com for the last few days
[11:46:27] ebertolasio: k thanks
[11:46:34] Mary: German coffee roasters and traders have good reps.
[11:46:59] Skanaval: stock is uo 100% this week
[11:47:15] Skanaval: some one has an interest in getting it noticed
[11:47:23] Skanaval: its worth the research
[11:47:30] Stock_Analyzer: {Skanaval} agree
[11:47:49] Skanaval: the timing for the US consumer is right for higher priced/ luxury
[11:48:50] Stock_Analyzer: {Skanaval} Whats your take on the market now days? We nearing a base? in your opinion of course
[11:49:00] jav992: brb
[11:49:24] Mary: {Skanaval} The only acceptable answer is obviously... yes!!!
[11:49:25] Mary: lol
[11:49:29] Skanaval: no think this rally into the election is a short
[11:50:01] Stock_Analyzer: {blasted} Hey there
[11:50:03] Skanaval: US will undergo economic shift
[11:50:12] Stock_Analyzer: {Skanaval} ok, so you think after elections we turn up?
[11:50:50] Skanaval: I think we end year lower than here and market bases into Q2 2009
[11:51:08] Skanaval: I think we rallky into election
[11:51:09] Mary: arrrgh
[11:51:13] Skanaval: where market should be sold
[11:51:16] Mary: ok. lol
[11:51:33] Skanaval: microcaps are a different animal
[11:51:43] Skanaval: there is a bull market every day somewhere
[11:51:51] blasted: {Stock_Analyzer} GM
[11:52:12] Stock_Analyzer: how goes it blasted, We are just getting some information from Steve our MM expert here
[11:52:42] Mary: Skan, I am impressed with earnings performance this year, despite economy.
[11:52:55] Skanaval: agreed
[11:53:26] microcapdave: steve, what do you think of otcbb china stocks? many are trading at low PE multiples of 5 and are reporting great growth; do you feel it is because the market in china has been beat up so badly or, do you think it is the risk due to so many financial restatments from china plays?
[11:53:31] Skanaval: i just thnk overall market itself cannot sustain
[11:53:38] Skanaval: dave
[11:53:45] Mary: Even tho it sounds odd, I think Countrywide's writeoff at less than $1 bn this qtr is a positive...
[11:54:19] Skanaval: I think China is atremeondous vlaue here in OTCBB
[11:54:30] Skanaval: yes there is risk
[11:54:34] Mary: mebbe
[11:54:38] Skanaval: but it is outweighed
[11:54:38] microcapdave: my thoughts too steve...i'm stunned to see some trading so low
[11:54:44] microcapdave: k
[11:54:46] microcapdave: thx
[11:54:51] Skanaval: Mary
[11:54:54] Mary: {microcapdave} precisely
[11:55:19] Mary: {Skanaval} ?
[11:55:28] Skanaval: the credit market fear bottomed the day JP bought Bear
[11:56:12] Skanaval: I must depart all!!!
[11:56:18] Skanaval: see you next week
[11:56:19] Mary: mebbe
[11:56:24] Skanaval: same time smae station
[11:56:26] Mary: Skan. thank you
[11:56:35] Stock_Analyzer: appreciate it as always
[11:56:49] Skanaval: tell your frinds to come ask questions
[11:56:58] Skanaval: I hope this brought you some value
[11:57:05] Stock_Analyzer: fo sure!
[11:57:10] rgnoll: Thanks much Steve....:d
[11:57:13] Stock_Analyzer: {Skanaval} yes we need to get min 30 40 people
[11:57:14] Mary: yup. food for thought
[11:57:20] Mary: best kind of help
[11:57:26] Crypt_Keeper: {Skanaval} thanxsteve... always ppreciated
[11:57:30] Crypt_Keeper: a
[11:57:40] microcapdave: thanks steve!
[11:57:44] Shopgirl: Thank you.

__________________
I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals. Please check out disclaimer for any market awareness for any of the above mentioned stocks.