Thursday, October 21, 2010

Oct 21 2010

Let's discuss the methods of bottom fishing once again. TNA chart shows two long entries of counter-trend kind. Interestingly enough, both trades have exact same structure - 51.70 break for a long trigger with stop under 51.60. The setups, however, are different. First entry is pure "capitulation" play. Sharp drop with volume spike indicates selling exhaustion, and exact entry is being determined by a)volume drop-off on the last red bar or two and b)little pause, couple quick moves between the support .60 and resistance .70, thus giving us the structure for the setup. TNA went to 1:3 r/r, then mercifully returned to re-test the support and give us second play. This time around it was double bottom setup confirmed by lower volume on the second low. We went with aggressive entry. In total deja vu, .70 break, stop under .60 and 1:3 r/r once again.
Notice one similarity in both entries, and keep in mind that this is extremely important one. We do not try to catch the bottom on the "left" side of the V-shaped bottom. We are trying to get in on the "right" side, AFTER the actual reversal. Details of each setup are different but this part is the same: entering on the "left" side is merely guessing, "right" side gives you some indications to build the structure of the trade. Sure, you will miss exact bottom but good luck to whoever tries to catch those.

Later on we played TNA once more off 50 for 50+ cents. All in all, pretty nice day.

Session Time: Thu Oct 21 00:00:00 2010
[08:25] {Threei}  MNTA Pre-market strength being attributed to stong enoxaparin sales for Novartis Sandoz unit
[08:31] {Threei}  (KS) Reportedly Consensus on currency statement at upcoming G20 Finance Min meeting not assured; Issue might be left for official summit on Nov 11-12th period i
[08:33] {Threei}  Prior Initial Jobless Claims revised higher from 462K to 475K
[08:33] {Threei}  - Prior Continuing Claims revised higher from 4.399M prior to 4.45M
[08:35] {Threei}  who said this one won't be revised too?
[08:53] {davd} morning threei
[08:53] {Threei}  davd :)
[08:54] {RonS} g'day all
[08:54] {Threei}  ron :)
[08:55] {RonS} crus (hed)
[08:56] {magoo} morning
[08:56] {magoo} cant believe ths mkt
[08:56] {Threei}  mags :)
[08:56] {dino} gm all
[08:56] {Threei}  dino :)
[08:56] {Threei}  CRUS Reports Q2 $0.42 v $0.42e, R $100.6M v $102Me
[08:56] {Threei}  Guides Q2 Rev $88-94M v $99Me
[08:56] {Threei}  - Guides Q2 gross margin: 54-56%
[08:59] {dino} plce lowers
[09:00] {ese} morning
[09:00] {Threei}  ese :)
[09:00] {ese} vad dino ron mags
[09:01] {RonS} scss   6.2 mil sh short...8.6 days to cover ave daily vol
[09:02] {Les} afternoon all
[09:03] {Threei}  les :)
[09:04] {strider} morning
[09:05] {Threei}  strider :)
[09:05] {strider} :)
[09:05] {strider} CRME
[09:05] {strider} LUV
[09:06] {strider} PLCE
[09:06] {magoo} amzn bidu report after close
[09:06] {strider} tex
[09:07] {RonS} for me is all about the haypenny: euro recaptures and holds above 1.40 = mkt up...euro falls below and stays below 1.395 = mkt selloff
[09:08] {Threei}  yup
[09:08] {Threei}  currency war became major market factor
[09:09] {magoo} fcx report this morn anyone
[09:09] {dino} china growth of 9.6% doesn't hurt
[09:09] {nemo} up 2.40 mags
[09:09] {Threei}  FCX Reports Q3 $2.49 v $2.25e, R$5.15B v $4.7Be
[09:09] {Threei}  Guides FY10 production 3.85B lbs of copper, 1.9M ounces of Gold, 65M lbs of molybdenum (prior 3.8B lbs Copper, 1.8M oz gold, Raises molybdenum production 63M lbs on 21st Jul)
[09:09] {Threei}  FCX Increases dividend 66% to $0.50 from $0.30
[09:10] {Les} how's fcx looking premarket?
[09:10] {strider} up 2$
[09:10] {Les} k ty
[09:12] {ese} xing......
[09:14] {RonS} lol t makes $5 bil...sells off
[09:17] {strider} plce
[09:24] {dino} lowers guidance
[09:24] {khaln} g morning
[09:24] {Threei}  below the baseboard, judging by reaction
[09:24] {ese} k
[09:24] {Threei}  khaln :)
[09:26] {lilyd} good morning
[09:26] {larisa} gm :)
[09:27] {Threei}  lily, larisa :)
[09:31] {Threei}  watchning FCX for pullback entry
[09:32] {dino} jcg more blood
[09:33] {Threei}  99 break
[09:33] {Threei}  ugh
[09:33] {Threei}  too fast
[09:33] {Threei}  no chance for entry
[09:33] {Threei}  worked like charm
[09:34] {kowboy} nflx drop
[09:34] {Threei}  this one is beyond any reasonable means of risk control
[09:34] {Threei}  NXLX I mean
[09:34] {Threei}  NFLX
[09:34] {kowboy} ty yes
[09:34] {kowboy} gambling
[09:35] {Threei} Short Setup: RIMM  .40 break
[09:35] {Threei}  half lot
[09:36] {magoo} in
[09:36] {Threei}  1:1
[09:38] {Threei} Long Setup:  FCX  .40 break smaller shares
[09:38] {Threei}  invalidated
[09:40] {Threei}  let it drop under 98
[09:40] {Threei}  then will reevaluate
[09:40] {jfjf64} mornin
[09:40] {Threei}  jf :)
[09:40] {Threei}  if doesn't go there oh well
[09:40] {Threei}  FNMA FHFA: Fannie and Freddie will need $221-363B in Treasury funding through 2013 (update)
[09:41] {Threei}  - Fannie and Freddie have drawn $148B since going into govt conservatorship. Funding draw from Treasury through 2013 will be $142-259B if dividend payments to the Treasury are excluded.
[09:41] {Threei}  wow
[09:41] {dino} yeah
[09:42] {magoo} cov rimm here .26 ty
[09:42] {dino} dji, s/p mon gaps filled, ndx 2104 still open
[09:42] {ese} out fitb .62 +.41 on 8k
[09:42] {Threei}  welcome
[09:42] {Threei}  wow ese
[09:43] {dino} nice
[09:43] {ese} slowly got into this starting last week
[09:43] {Threei}  slowly eh
[09:43] {Threei}  I am scared to think of your "fast"
[09:43] {Threei}  (EU) Preview: Euro Zone Oct Consumer Confidence due out at 10:00ET (15:00 GMT)
[09:43] {Threei}  (US) Preview: Oct Philadelphia Fed Index due out at 10:00ET
[09:43] {Threei}  (US) Preview: Sept Leading Indicators due out at 10:00ET
[09:43] {ese} i may have made a mistake getting out here though
[09:44] {RonS} "if you want perfection you will not find it in the market"
[09:44] {jfjf64} aapl
[09:44] {jfjf64} grr
[09:44] {jfjf64} missed
[09:46] {Threei} Long Setup:  LVS  39 break
[09:47] {Threei} Short Setup: LVS  .90 break
[09:47] {nemo} bidu interestiong
[09:48] {Threei}  FCX
[09:48] {Threei}  back to suppport
[09:48] {Les} yeh. db?
[09:49] {Threei}  yes but it jumps in such wide ranges that getting exact entry is possible for a fast trader, not for a call
[09:51] {Threei}  LVS touched 1:1, let's trail to above .95
[09:51] {Threei}  GCX, not a long anymore
[09:51] {Threei}  GCX
[09:51] {Threei}  FCX
[09:51] {Threei}  sigh
[09:51] {jfjf64} lol
[09:51] {Threei}  98 is short trigger now
[09:52] {magoo} read on AMZN?
[09:52] {jfjf64} looks lk it cd FALL
[09:53] {Threei}  no read
[09:54] {ese} rimm Long at .40 ???
[09:54] {ese} vad opinion
[09:54] {Threei}  break of it
[09:54] {Threei}  if holding .30
[09:54] {ese} tks
[09:55] {kowboy} stop on FCX if it breaks 98?
[09:55] {ese} ICE  where are ya
[09:56] {Threei}  it went too high kowboy
[09:56] {Threei}  need it to establish closer range
[09:56] {Threei}  for clearer resistance
[09:56] {kowboy} ty
[09:57] {Threei}  RIMM is holding very nicely
[09:57] {ese} yup
[09:57] {ese} MAV ICE where are ya
[09:58] {magoo} sittin in diner thinkin about quitting
[09:58] {ese} lol
[09:58] {dino} lol
[09:59] {jfjf64} watchin  gs
[09:59] {jfjf64} .75
[09:59] {davd} in rimm .38
[10:00] {jfjf64} in
[10:00] {Threei}  it goes through consolidation... but not wait for the break
[10:00] {Threei}  but = why
[10:01] {jfjf64} but   gs
[10:01] {Threei}  I am talking about RIMM
[10:01] {Threei}  *(EU) EURO ZONE OCT CONSUMER CONFIDENCE: -11 V -11E
[10:01] {Threei}  *(US) OCT PHILADELPHIA FED: 1.0 V 2.0E
[10:01] {jfjf64} pls  cclairay
[10:02] {Threei}  *(US) SEPT LEADING INDICATORS: 0.3% V 0.3%E
[10:02] {jfjf64} fy
[10:02] {jfjf64} lol
[10:03] {ese} it ain't gonna make it..........
[10:03] {Threei}  invalidated
[10:03] {ese} had it cued up for a 1/2.....invalidated
[10:04] {Threei}  davd, you are ignoring the concept of trigger
[10:04] {ese} NEEEEXXXXTTTTTTT!!!!!!!!!!!!!!!!!!11
[10:05] {Threei}  FCX
[10:05] {Threei}  double bottom
[10:05] {Threei}  98 break
[10:05] {Threei}  smaller shares
[10:06] {Threei}  if holding .80
[10:07] {ese} cringing just a little as i watch fitb............errrrrrrrrrrreeeeccccckkkkkkkk....eeeeeeeeeee
[10:07] {Threei}  nope
[10:08] {Threei} Long Setup:  GDL  .25
[10:08] {Threei}  if stasys above .15
[10:09] {strider} gld?
[10:09] {Threei}  yes
[10:09] {Threei}  half lot
[10:10] {Threei}  1:1
[10:11] {Threei}  RIMM, you are disgusting
[10:11] {Threei}  GLD 1:2
[10:11] {magoo} out .49 ty
[10:11] {Threei}  yw
[10:14] {Threei}  1:3, out
[10:15] {Les} X
[10:15] {Les} 43
[10:15] {jfjf64} ty
[10:15] {Threei}  yw
[10:15] {jfjf64} f
[10:15] {jfjf64} 14.00
[10:15] {jfjf64} ton shares
[10:18] {jfjf64} short tight stop??
[10:19] {jfjf64} hmm
[10:19] {dino} skx l .16
[10:20] {Threei}  looking at GLD, trying to get a feel wether it's worth a full body breach, .60
[10:20] {Threei}  if holding .40
[10:21] {Threei}  OK, it resolved my doubts :)
[10:22] {Threei}  but double bottom may not be in play
[10:23] {Threei}  ideally, brief dive under .20 and cross back
[10:23] {nemo} fcx db?
[10:23] {Threei}  can't tell...
[10:24] {Threei}  looks so but I hate the ranges n it
[10:24] {jfjf64} wynn
[10:24] {jfjf64} 1grrrrrrrrrrrrrrrr
[10:24] {jfjf64} missed
[10:25] {jfjf64} 106
[10:25] {jfjf64} blew by
[10:26] {Threei}  GLD like clockwork
[10:26] {Threei}  anyone caught it?
[10:26] {jfjf64} slit my rist
[10:26] {Threei}  with banana?
[10:27] {Threei}  good eye FCX, nemo
[10:27] {nemo} ty
[10:28] {nemo} now looking DT
[10:28] {nemo} like spy
[10:31] {Threei}  *EIA NATURAL GAS INVENTORIES: +93 BCF VS. +82 TO +95 BCF ESTIMATE RANGE (related UNG USO )
[10:31] {Threei}  lol
[10:32] {Threei}  inventory of natural gas will increase expponentially over the course of future history of a mankind, to bitter disappointemtn of UNG traders
[10:32] {Threei}  that thing won't quit until it kills them all
[10:33] {Threei}  classic case of "it can't go any lower"
[10:33] {Threei}  except it can and does
[10:35] {Les} until all those long start thinking of going short every thursday
[10:35] {Les} then we'll see which way UNG decides to go...
[10:35] {dino} iivi sm l .04 thin
[10:36] {dino} over last two years they found enough for 120 years at current comsumption
[10:37] {RonS} what the frack?
[10:37] {dino} yes
[10:38] {dino} marcellus 2nd largest find in world
[10:39] {Les} so Obama's gonna transfer entire US car fleet to UNG?
[10:39] {dino} no the idiots against fracking
[10:40] {RonS} ...he's against anything that strengthens the US
[10:40] {ese} L entr .00
[10:40] {dino} bingo! would rather spend 50 billion/month importing oil
[10:41] {ese} rimm
[10:42] {ese} missed that conversation.....what is marcellus dino
[10:43] {ese} and where is it
[10:43] {RonS} gas geography
[10:43] {dino} shale
[10:43] {nemo} shale oil all through the midatlantic to midwest
[10:43] {ese} hmmm
[10:43] {RonS}
[10:43] {dino} mrtn sm l .65
[10:44] {larisa} I bet if you lived near the plant that uses this technology you would think twice calling O any names :)
[10:44] {dino} i live above it
[10:45] {dino} no plants needed
[10:45] {larisa} so i guess you thought twice :)
[10:45] {RonS} ...and what names?
[10:45] {dino} chesapeake, hess, cabot, range resoursces
[10:45] {RonS} look at what he does
[10:46] {RonS} that tells the tale, not the bs
[10:46] {RonS} lari saying we are calling O names dino...
[10:47] {dino} :D
[10:47] {larisa} :)
[10:47] {RonS} lol
[10:47] {jfjf64} aapl
[10:47] {jfjf64} breakdn 3i
[10:50] {magoo} FCX vad, thoughts here?
[10:51] {magoo} gotta be the scoop of the day soon
[10:52] {Threei}  scoop?
[10:52] {Threei}  I have only verety general feel for it mags
[10:53] {Threei}  can't turn it into actual precise calls
[10:54] {magoo} well lets here it
[10:54] {Threei}  up for now
[10:56] {Les} x failed to follow thru 43. u read a b/d on it vad, or just wandering now?
[10:56] {ese} have patience......she'll be back
[10:57] {dino} skx stuck stop to b/e
[10:57] {Threei}  X feels like down
[10:57] {Threei}  stop would be above 43 of course
[10:57] {Threei}  actual trigger is toughie
[10:57] {Threei}  .80 is too obvious
[10:58] {Threei}  and a but too far
[10:58] {jfjf64} .84
[10:58] {jfjf64} ?
[10:58] {Threei}  not sure how tro enter it
[11:01] {jfjf64} wynn
[11:01] {jfjf64} .84 break
[11:01] {jfjf64} ccccccccccc/h
[11:02] {jfjf64} hold.70
[11:05] {dino} skx out flat
[11:09] {jfjf64} lets go wynn
[11:09] {jfjf64} 1/1
[11:10] {jfjf64} stop 107
[11:10] {jfjf64} out
[11:15] {nemo} look for spy to bounce around .75 and tna with it
[11:16] {nemo} vwap is .73 ons spy
[11:16] {ese} L entr avg still.00
[11:17] {Threei}  FCX holding well
[11:17] {ese} L chkp .50
[11:19] {Threei}  bounce must be close
[11:20] {Threei}  (CH) China Official highlights new 5 year plan will not have major impact on exports on rare earth minerals, China must conserve its resources and urges partners to develop their own
[11:20] {nemo} next bounce possibility for spy .58-60 area
[11:20] {Threei}  - Notes that the China is hopeful that the US will relax some high tech export restrictions
[11:20] {Threei}  I mean FCX
[11:20] {Threei}  markjet is still on downtrend
[11:25] {khaln} .
[11:25] {ese} what did i tell ya..........just have patience and she'll be back
[11:27] {Les} there she blows
[11:27] {Threei}  watching X for bounce
[11:31] {Threei}  .60 break
[11:32] {Threei}  if holding you know what
[11:32] {ese} L entr again avg .00
[11:38] {Threei}  FCX
[11:39] {Threei}  .25 long
[11:39] {Threei}  smaller shares
[11:40] {Threei}  .10 support
[11:40] {magoo} wher u thinking .40 area or a real resumption up
[11:40] {Threei}  nope... market is still not ready
[11:41] {Threei}  TNA
[11:43] {Threei}  .70 long
[11:43] {Threei}  if holding .60
[11:43] {Threei}  in
[11:44] {Threei}  1:1
[11:44] {Threei}  1:2
[11:45] {Threei}  over 1:3, out
[11:46] {Threei}  anyone??
[11:46] {magoo} me
[11:46] {strider} me
[11:46] {Threei}  whew
[11:48] {dino} skx l .25
[11:50] {davd} good call on tna (i covered a lot of shorts...)
[11:55] {Threei}  double bottom
[11:56] {Threei}  same condition
[11:56] {Threei}  and 1:1 once again
[11:56] {Threei}  1:2
[11:57] {Threei}  this is like shooting fish in a barrel
[11:57] {Threei}  1:3, out
[11:58] {magoo} keep it up, im red der than red
[11:58] {Threei}  deja vu
[11:59] {Threei}  aww, 1:4
[11:59] {magoo} out .15
[11:59] {magoo} ty
[11:59] {magoo} 1200 of those bufggers
[11:59] {Threei}  welcome
[12:00] {magoo} now iom just red
[12:00] {magoo} instead of redder than red
[12:01] {Threei}  awwwwwwww
[12:01] {Threei}  look at it go
[12:01] {magoo} im in again
[12:03] {davd} wow, kellog had a good breakfast, huge comeback
[12:05] {magoo} out
[12:12] {magoo} fcx now vad
[12:13] {magoo} FCX vad
[12:15] {dino} hni
[12:16] {Threei}  not yet mags
[12:16] {magoo} lvs lows too
[12:19] {dino} crus sm l .75
[12:22] {davd} in crus .75 small
[12:23] {davd} dollar coming off highs back comes market?
[12:23] {dino} crus stop .49
[12:24] {davd} thanks dino
[12:24] {dino} gl
[12:25] {magoo} tna vad
[12:28] {Les} sneak break coming vad? TNA 52...?
[12:29] {Threei}  hmmm
[12:29] {Threei}  not sure really
[12:49] {Threei}  Now I am
[12:49] {Threei}  no :)
[12:56] {Les} yeh yeh everyone loves a comedian
[12:56] {Les} don't give up yer day job
[12:57] {Threei}  sigh
[13:11] {magoo} sigh sigh
[13:13] {Threei}  Ahmadinejad, Chavez to Talk about New World Order
[13:13] {Threei}  ummm
[13:13] {Threei}  okkkay
[13:14] {Les} a new G2 to challenge the status quo - coooool
[13:17] {RonS} Ahmadinnerhead: Hey Yugo, you take Western Hemispere...Ugo: and dinney, you take Eastern.  Voila! New World about those il youngs...
[13:18] {dino} lol
[13:18] {RonS} ...and Aussies...
[13:18] {RonS} :D
[13:31] {ese} ookkkeeeee  dohhhh keeeeeee outta's choir time......still long a couple
[13:32] {magoo} c u
[13:32] {ese} cya mags
[13:32] {Les}  sing one hallelula and ten hail mary's for me will ya ese?
[13:32] {Les} I'm a sinner
[13:32] {Threei}  take care ese
[13:38] {RonS} Tom Petty time coming?...but the .vix is so muted...and there is another pomo in the a.m.
[13:49] {kowboy} tna soon?
[13:50] {nemo} watch spy
[13:50] {Threei}  FCX maybe better idea this time
[13:50] {nemo} might want to try a bounce right here.  .73 is spy pivot
[13:51] {RonS} euro/usd leading here...breaking day's value low...if it bust 1.39 watch 1.3910
[13:52] {nemo} that would be .20
[13:52] {nemo} go for it kowboy?
[13:54] {nemo} spy has some support here at .63
[13:54] {nemo} then .39
[13:54] {magoo} this mkt is ASS
[13:54] {Threei}  you didn't expect dollar to drop endlessly did you??
[13:59] {davd} .37 is the pivot low per DeMark method
[13:59] {nemo} pivot low of what?
[13:59] {davd} spy
[14:00] {nemo} are you counting premarket?
[14:01] {davd} just quoting it from fidelity news - get it every morning.  i did not calculate it,
[14:01] {nemo} they give you support and resistance levels?
[14:02] {davd} yes the top was 118.94
[14:02] {nemo} cuz it looks like spy wants to test .01 level
[14:04] {davd} might be.  here is the quote "Pivot Low: $117.370. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low"
[14:04] {Threei}  TNA
[14:04] {Threei}  watch for DB
[14:05] {Threei}  from under 50
[14:05] {nemo} watch spy, it looks strong
[14:05] {nemo} stronger
[14:05] {Threei}  yes, better chance at the bounce this time
[14:05] {Threei}  50 break
[14:05] {strider} long
[14:05] {strider} ?
[14:05] {nemo} long stride
[14:06] {Threei}  "better chance at the bounce"
[14:06] {nemo} Sucks being a voyeur
[14:06] {Threei}  1:1
[14:06] {Threei}  half out
[14:06] {Threei}  can do better
[14:06] {nemo} .25 rresistance
[14:07] {dino} mtb feb gap fill
[14:07] {nemo} watch for spy to hold .32
[14:07] {Threei}  (MX) USGS: Magnitude 6.9 earthquake has struck off the coast of Baja, California
[14:08] {nemo} finally, maybe that frickin state will sink
[14:08] {Threei}  rofl
[14:11] {Threei}  held support on a pullback to a cent so far
[14:12] {Threei}  let's see if we can get new hugh
[14:12] {nemo} C&H
[14:12] {nemo} or IH&S
[14:12] {Threei}  naaaah
[14:12] {nemo} take your pick
[14:12] {Threei}  inverted H&S, could be
[14:12] {Threei}  but C&H at the bottom is just not right
[14:13] {Threei}  it's like a silk bra on bear
[14:14] {Threei}  out of place, meaningless and a little funny
[14:14] {nemo} or you in a tutu
[14:14] {Threei}  right
[14:14] {nemo} nah
[14:14] {nemo}  that's wretched
[14:15] {nemo} Oohhh...disgusted myself
[14:15] {Threei}  let's stay with bear in bra
[14:15] {nemo} yeah
[14:15] {Threei}  OK, offer more around .35 - .40
[14:15] {Threei}  should be there in a hurry
[14:17] {Threei}  what, .31 is all?
[14:17] {nemo} out
[14:18] {nemo} get out
[14:20] {Threei}  cr*p
[14:20] {Threei}  just started typing FCX at .40
[14:20] {Threei}  and thing was at .65 before I finished
[14:20] {nemo} spy held .32
[14:21] {Threei}  secnd target git TNA
[14:21] {Threei}  hit
[14:21] {Threei}  .55 is last one
[14:21] {nemo} might want to stay...spy likely going to test .72
[14:23] {Threei}  stop under .10 for the last piece
[14:28] {magoo} good stop placemt
[14:30] {Threei}  AMZN CEO declines comment on reports concerning the amazon store (162.53, +3.86, 2.43%)
[14:31] {Threei}  what reports?
[14:31] {magoo} really, just before they report tonite
[14:31] {Threei}  ah
[14:31] {Threei}  - Reminder: On 10/7 WSJ reported that Amazon was planning on launch of App store to compete with Google and Apple
[14:37] {Threei}  (US) Fed's Bullard: Size of any Fed purchases would be 'open ended' and in $100B increments and would hinge on economic data; no decisions have yet been made on QE2
[14:37] {Threei}  TNA happily closed +.53
[14:37] {Threei}  - Affirms expectation that Q4 GDP could exceed Q2
[14:37] {Threei}  - Notes that the Fed is not around to 'ratify' what the markets are thinking
[14:37] {Threei}  - Disinflation has slowed in recent months
[14:38] {davd} crus holding up well dino
[14:38] {dino} stuck
[14:38] {davd} relative to market...
[14:39] {dino} y
[14:43] {Threei}  POT (CA) Canada Industry Min: BHP takeover could hurt the growth of the industry; will not result in a net benefit for jobs
[14:43] {Threei}  - Calls Potash a strategic resource and Canada should take action to represent that fact (142.02, -0.41, -0.29%) (related MOS AGU BHP USD/CAD )
[14:51] {RonS} ...wonder what he was saying when the Chinese were taking an interst in TCK during the credit crisis
[14:55] {dino} day three begins
[14:56] {Threei}  this is more of bounce than I expected
[14:56] {Threei}  but I am fine with my 50+ cents
[14:57] {Les} I am jealous
[15:02] {Les} CAT 42 break?
[15:03] {Les} or this bounce outta steam u think?
[15:03] {Les} X sorry
[15:03] {Threei}  sheesh
[15:03] {Les} not CAT
[15:03] {Threei}  was looking at CAT and tinking what 42?? :)
[15:04] {Les} playing mind games with ya
[15:04] {Threei}  nah, not delighted
[15:04] {Les} k
[15:05] {Threei}  the only cat allowed to play mind games with me:
[15:07] {Les} I'm reflecting on new strategy to keep pesky things out of our garden
[15:07] {Les} as new buildings and neighbours grow around us, so does cat populatoin
[15:08] {RonS} dingo
[15:08] {RonS} cattle dog
[15:09] {Threei}  cats are welcome in my backyard... it's neighbours who aren't
[15:09] {Les} blue heeler yeh
[15:09] {Les} no, no dogs
[15:09] {Les} bb gun?
[15:09] {Les} find a high powered water pistol maybe
[15:09] {Les} paint gun
[15:10] {RonS} swiss army hatchet
[15:10] {Les} I've no problem humiliating cat, don't want to be seen killing cat
[15:16] {RonS} now that you are mostly indoors you may want to try this:
[15:17] {Les} I'd settle for cocaine sprinkled around the perimeter
[15:18] {Les} cayenne pepper
[15:18] {Les} but I'm a twisted soul
[15:19] {Les}
[15:19] {Les} watching if the $ about to run here...
[15:25] {Threei}  you can't humiliate a cat...
[15:25] {Threei}  think about it:
[15:26] {Threei}  they are the only creatures on earth that got us to house, wine ad dine them, AND look down their nose at us
[15:27] {Threei}  you do something cat doesn't like, he just snorts, shrugs and walks away
[15:27] {Les} so if I chain them up outside in freezing weather with no food and water will they dislike me afterwards?
[15:29] {Threei}  dunno, but I will
[15:29] {Les} gotcha
[15:29] {Les} so I say nothing of this
[15:29] {Threei}  worse yet, larisa will too
[15:30] {dino} out skx ,57, +.32
[15:30] {dino} iivi to flat
[15:32] {dino} mrtn to flat
[15:32] {dino} crus to flat
[15:34] {khaln} cat makes a heart massage to save his loved cat.    
[15:38] {larisa} made me cry
[15:38] {dino} mrtn out flat
[15:38] {Les} stop it lari
[15:38] {Les} was thinking car tyre would massage heart much more effectively
[15:39] {Threei}  larisa, anything particularly hurtful you wanty me to slap him with?
[15:40] {Les} a feather?
[15:40] {Threei}  you wish
[15:40] {jfjf64} what s going on hear
[15:40] {Les} discussing how to kill cats
[15:41] {jfjf64} all 4 that
[15:41] {jfjf64} hate those guys
[15:41] {jfjf64} with passion
[15:41] {Les} good man
[15:41] {jfjf64} hmm   3i
[15:42] {jfjf64} ya a cat lover
[15:42] {Threei}  well, look at people
[15:42] {Threei}  who else to love but cats
[15:42] {jfjf64} lol
[15:44] {jfjf64} just got back
[15:44] {jfjf64} were you able to capitalize on selloff earlier
[15:45] {Threei}  50+ cents on TNA
[15:45] {jfjf64} ahh nice
[15:45] {Threei}  actually we played TNA three times today
[15:46] {Threei}  unusually somewhat
[15:46] {jfjf64} luv  break of 52.77
[15:46] {jfjf64} 53.38
[15:47] {jfjf64} 51.67
[15:47] {jfjf64} 50.88
[15:47] {jfjf64} lol
[15:47] {jfjf64} any those ya play
[15:54] {dino} stopped crus, iivi flat
[15:55] {RonS} amzn...options predicting a $12 move
[15:55] {jfjf64} ??
[15:55] {Les} how the heck u know that?
[15:56] {jfjf64} mrvl
[15:56] {jfjf64} break
[15:56] {jfjf64} imo
[15:56] {RonS} add the price of the atm puts and calls...the mm's of the options price them against the stock...their job to be correct...90% of the time they hit it
[15:56] {jfjf64} oh boy3.55
[15:58] {jfjf64} mm
[15:59] {jfjf64} ?
[15:59] {RonS} market maker
[15:59] {RonS} options mm...cboe guys etc
[15:59] {jfjf64} k
[16:00] {Threei}  let's see what AMZN reports
[16:00] {magoo} axp bidu too
[16:00] {RonS} ...a move is either + or -...
[16:00] {Threei}  gut says AMZN down
[16:00] {Les} so Ron, add the 165 strikes together to determine expected move?
[16:01] {RonS} yep
[16:01] {RonS} ...going off the weekly which expires tomorrow
[16:01] {Les} holding it. its opex today is it?
[16:01] {Les} hold it
[16:01] {RonS} enough volume that it applies
[16:02] {RonS} heard of the weekly options Les?
[16:02] {Les} monthly, but not weekly
[16:02] {RonS} new product on select issues...been out about 3 months
[16:03] {Les} lol the casino offering some new games to suck in  the punters are they?
[16:03] {jfjf64} look c/h   amzn   164.60
[16:03] {larisa} daily options exist too :)
[16:03] {magoo} gun to vads head...amzn sells off
[16:03] {RonS}
[16:04] {Threei}  AMZN Reports Q3 $0.51 v $0.48e, R$7.56B v $7.4Be
[16:04] {Threei}  $7.56B v $7.4Be
[16:04] {Threei}  - Guides Q4 Rev $12-13.3B v $12.3Be
[16:05] {Threei}  here we go
[16:05] {Les} which way? which way?
[16:05] {Threei}  spike firstg, sharp drop next
[16:06] {RonS} +$6 up, now ticking $6 down
[16:06] {Threei}  range 12 points
[16:06] {RonS} i'm telling ya...these guys are amazing
[16:07] {RonS} ...but when they miss it is one time goog went +$50 whne they had it price $15
[16:07] {jfjf64} lol
[16:08] {magoo} sorry vad, when it rabn up i cocked the weapon
[16:08] {magoo} but it fell and saved u
[16:08] {RonS} lol
[16:08] {Threei}  watcgh it dropping more
[16:08] {RonS} at first I thought u bought it
[16:08] {Threei}  ok guys, thank you
[16:08] {magoo} i caught a short
[16:09] {Threei}  have a good evening, see you tomorrow
[16:09] {magoo} masde 500
[16:09] {jfjf64} comom
[16:09] {magoo} scared tho
[16:09] {Threei}  wtg
[16:09] {jfjf64} wherya going
[16:09] {Threei}  to live my life
[16:09] {jfjf64} lol
[16:09] {Threei}  where there is no market
[16:09] {jfjf64} enjoy
[16:09] {Threei}  :)
[16:09] {Les} ciao