titanium error trace log

[INFO] Launching Android emulator...one moment
[DEBUG] From: /opt/android-sdk/tools/emulator
[DEBUG] SDCard: /Users/nate/.titanium/android2.sdcard
[DEBUG] AVD ID: 1
[DEBUG] AVD Skin: loading...
[DEBUG] SDK: /opt/android-sdk
[INFO] Creating new Android Virtual Device (1 loading...)
[TRACE] Error: 'loading...' is not a valid skin name or size (NNNxMMM)
[TRACE] Traceback (most recent call last):
[TRACE] File "/Library/Application Support/Titanium/mobilesdk/osx/1.4.0/android/builder.py", line 991, in <module>
[TRACE] s.run_emulator(avd_id,avd_skin)
[TRACE] File "/Library/Application Support/Titanium/mobilesdk/osx/1.4.0/android/builder.py", line 253, in run_emulator
[TRACE] avd_name = self.create_avd(avd_id,avd_skin)
[TRACE] File "/Library/Application Support/Titanium/mobilesdk/osx/1.4.0/android/builder.py", line 222, in create_avd
[TRACE] inifilec = open(inifile,'r').read()
[TRACE] IOError: [Errno 2] No such file or directory: '/Users/nate/.android/avd/titanium_1_loading....avd/config.ini'
[INFO] Building CanyonPOC for Android ... one moment
[DEBUG] Waiting for device to be ready ...
[TRACE] adb devices returned 0 devices/emulators
[TRACE] adb devices returned 0 devices/emulators
[TRACE] adb devices returned 0 devices/emulators
[TRACE] adb devices returned 0 devices/emulators
[TRACE] adb devices returned 0 devices/emulators
[TRACE] adb devices returned 0 devices/emulators
[ERROR] Timed out waiting for emulator to be ready, you may need to close the emulator and try again