Wednesday, August 17, 2011

Aug 17 2011

Very boring and just slightly positive day. I will forgive you if you don't read anything but the mildly funny exchange from 15:41 to 15:50.

Session Time: Wed Aug 17 00:00:00 2011
[08:55] {Threei}  poor DELL
[09:12] {RonS} gm everyone
[09:12] {Threei}  Ron :)
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:18] {larisa} gm :)
[09:18] {dino} dealing w/major setback, force majeure in force on my gas leases, ugh!
[09:18] {Threei}  larisa :)
[09:19] {Threei}  ouch dino
[09:19] {dino} seriously
[09:19] {nemo} what specifically?
[09:21] {dino} until drbc figures out acceptable rules for horizontal drilling, no more lease payments
[09:22] {nemo} oh great, waiting on a political commission...
[09:24] {Threei}  gap looks meek
[09:25] {nemo} everything feels meek
[09:27] {Threei}  then we need to find the meekest to short
[09:27] {dino} yeah, not insiring
[09:27] {Threei}  the meekest out there, stand up and be counted
[09:28] {dino} inspiring
[09:31] {nemo} anf, dino stock
[09:32] {Threei}  TZA
[09:32] {Threei}  watching for bounce
[09:33] {dino} odd, lots of beats for q2
[09:34] {nemo} low bar
[09:34] {Threei} Long Setup:  TZA  .70 break
[09:34] {Threei}  .60 now
[09:34] {Threei}  missed
[09:35] {nemo} yeah, stop too big now
[09:35] {Threei}  valida again
[09:35] {Threei}  in this time
[09:35] {Threei}  stop .45
[09:36] {nemo} indexes going for the stops today
[09:36] {Threei}  no go
[09:37] {Threei}  should be ready soon
[09:37] {nemo} .38 pivot support
[09:37] {dino} de sm l .50
[09:38] {dino} out .10, +.60
[09:38] {Threei}  nice
[09:38] {dino} ty
[09:40] {Threei}  one more dive to or just under .40, and should be good setup
[09:45] {dino} tzoo sm l ave .72
[09:46] {Threei}  sheesh
[09:47] {nemo} we're likely going to 121.60-.80 area to take out shorts
[09:47] {dino} out tzoo .02, +.30
[09:47] {dino} back in 30
[09:47] {Threei} Long Setup:  TZA  .40 break if stays above .25
[09:48] {Threei}  invalidated
[09:48] {nemo} should rally pretty hard now
[09:50] {Threei} Long Setup:  TZA  .30 break if stays above .15
[09:51] {Threei}  no worky
[09:51] {nemo} gonna' shove the bear flags up the bear's ass
[09:52] {nemo} ANF 67.00
[09:52] {nemo} oops gone
[09:52] {nemo} back
[09:55] {Threei} Short Setup: SLW  .40 break
[09:56] {nemo} gdx strong
[10:08] {Threei}  vague movements today, no clear patterns
[10:11] {Threei} Short Setup: SLW  .50 break
[10:11] {Threei}  if stays under .60
[10:12] {Threei}  .65 is possible as a stop as well, personal preference
[10:12] {Threei}  target .30 at least, possibly lower
[10:12] {nemo} .27 is vwap breakout .23
[10:13] {nemo} .44 r1 support
[10:14] {Threei}  should crash through it easily
[10:17] {nemo} mmhhh, sagging through it?
[10:17] {Threei}  good
[10:17] {Threei}  slow chipping at support is a sign of trend intact
[10:17] {nemo} market strong though
[10:18] {Threei}  yet SLW doesn't bounce
[10:18] {Threei}  its relation with market became unclear lately
[10:19] {nemo} yeah, gdx seems to better relationship
[10:19] {dino} .
[10:19] {Threei}  good point dino
[10:20] {Threei}  ok, covering half here
[10:20] {Threei}  .36
[10:20] {Threei}  stop to .51
[10:20] {Threei}  bidding 1/4 more .25
[10:23] {Threei}  come on SLW, a few more ticks
[10:23] {Threei}  you feel weak and heavy
[10:24] {Threei}  your eyelids are closing
[10:24] {nemo} it bounced off of vwap and coming into breakout level
[10:24] {Threei}  yes but volume is miserable on the bounce
[10:25] {Threei}  should get rejected by resistance and drop back
[10:25] {nemo} seems o be miserable among all bounces
[10:28] {dino} sm l taom .00
[10:29] {nemo} next breakout coming
[10:36] {nemo} what was the oil report?
[10:40] {nemo} 4 million barrel build
[10:45] {dino}  tleo sm s .52
[10:49] {Threei}  TUDO is open
[10:49] {Threei}  new IPO
[10:50] {Threei}  YOKU competitor?
[10:53] {dino} tleo bstop to flat
[10:53] {Threei}  SLW...
[11:00] {Threei}  grrr
[11:00] {dino} cov tleo .18, +.34
[11:16] {Threei}  even news have nothing interesting in them
[11:34] {dino} taom stop -.33
[11:40] {dino} sm l ppo ave .96
[11:43] {Threei}  index by index go red
[11:43] {Threei}  NDX first, COMP now
[11:43] {Threei}  SPY/DJI are close
[11:44] {dino} ppo stop -.31
[11:49] {dino} tzoo sm l .74
[11:50] {dino} anf sm l .78
[11:51] {RonS} chs sm l .98
[11:51] {dino} out tzoo .24, +.50
[11:57] {Threei}  VZ) Venezuela President Chavez: Plans to nationalize the gold industry in Venezuela
[11:57] {Threei}  uh oh
[11:58] {Threei}  who of miners is heavily in there?
[11:58] {RonS} out chs -.10
[11:58] {nemo} spy pivot .53 along with monthly support and yesterday's close all within .10 expect a bounce
[12:04] {nemo} you look at the daily on anf dino
[12:04] {dino} y
[12:05] {dino} thought the .85 break was trig
[12:05] {dino} was not quick enough on exit
[12:13] {RonS} fugly
[12:14] {dino} idcc spike
[12:14] {RonS} wow
[12:15] {dino} ppo sm l ave .02
[12:15] {Threei}  IDCC Multiple companies are still considering bids for InterDigital - financial pres
[12:15] {dino} tzoo sm l .50
[12:15] {dino} been going on for a month
[12:25] {dino} out ppo .48, +.46
[12:30] {dino} got lucky, out anf .13, +.35
[12:32] {RonS} took ppo .17 to .55 thanks dino sm
[12:32] {dino} gj
[12:32] {dino} out tzoo .00, +.50
[12:37] {Threei}  nice work guys
[12:38] {dino} snf sm l .40
[12:39] {dino} anf
[12:44] {Threei}  look at the volume distrbution today
[12:44] {Threei}  very even, whether market moves up or down
[12:45] {Threei}  no changes... jellyfish-like pace and absence of pattern in volume makes setups hard to find for me
[12:48] {dino} gpor sm l ave .01
[12:52] {dino} anf stop, -.35
[12:54] {RonS} lol...Abercrombie & Fitch has offered compensation to Michael “The Situation” Sorrentino, a character on MTV’s TV show “The Jersey Shore,” to stop wearing A&F products.
[12:55] {RonS} It wasn’t clear whether the offer was a serious one, or simply a tongue-in-cheek attempt to gain publicity.
[12:55] {Threei}  lol
[12:55] {Threei}  it gives me a whole lot of ideas
[12:56] {RonS} After all, A&F is the retailer whose catalogues of shirtless (and sometimes bottomless) male models used to generate squeals of complaint.
[12:56] {Threei}  how much do you think Manolo Blanik would pay me not to wear their shoes?
[12:58] {RonS} other news...Snooki launches her own line of flip-flops
[12:59] {dino} i wonder if nike would pay me?
[13:00] {dino} snookie's a pig
[13:00] {RonS} never seen her...don't watch that crap
[13:01] {dino} don't watch it either, but pictures of her everywhere
[13:02] {RonS} maybe she needs to change her name to snookdog...
[13:02] {dino} or piggie
[13:02] {RonS} hold on there...miss piggie is a fave of moi...
[13:04] {dino} lol
[13:14] {dino} sina sm l ave .02
[13:19] {dino} out sina .33, +.31
[13:36] {Threei} Short Setup: FCX  .50 break
[13:36] {nemo} i see it long
[13:38] {nemo} well, that's a nice stopthen
[13:40] {nemo} .60 making a nice break for a two way
[13:40] {nemo} or the stop
[13:42] {dino} sm l ppo .01
[13:42] {dino} stop lod
[13:43] {Threei}  1:1
[13:59] {Threei}  ba back in 20
[14:16] {dino}  out ppo ave ave .79, +.78
[14:16] {RonS} gj
[14:16] {dino} ty
[14:16] {Threei}  wtg
[14:17] {dino} ty
[14:28] {Threei}  hmmm
[14:28] {Threei}  (US) Fed's Fisher: Fed will always do what is feels is right, is indifferent to political criticism - Q&A
[14:28] {Threei}  okay... if you say so
[14:30] {dino} lol
[14:41] {Threei}  - Not as pessimistic on growth as other members of the Fed; sees GDP for Q3 nearing 3%
[14:41] {Threei}  - Sees significant costs to QE3 with little benefit.
[14:41] {Threei}  **NOTE: Earlier today, another FOMC dissenter Plosser also hinted that the most recent Fed statement 'excessively negative'.
[14:56] {dino}   de sm l .52
[15:09] {Threei}  one of the most boring days this summer
[15:09] {Threei}  let's get to after labor day already
[15:11] {dino} slow but profittable
[15:11] {Threei}  slightly negative here
[15:11] {dino} 1k
[15:13] {nemo} should get to vwap aronund 120.00
[15:14] {nemo} depending how fast it drops
[15:14] {nemo} vwap that is
[15:16] {dino} out de .82, +.30
[15:22] {dino} too soon
[15:34] {Threei} Short Setup: FCX  .50 break
[15:34] {Threei}  deja vu
[15:35] {nemo} fast drop
[15:37] {nemo} chop up time
[15:41] {Threei}  out .42
[15:41] {Threei}  couldn't resist getting back in black, albeit small
[15:41] {nemo} I understand
[15:41] {dino}   gj
[15:41] {Threei}  1:1
[15:42] {nemo} Of course we know what that means....
[15:42] {Threei}  ?
[15:42] {nemo} You like AC/DC...
[15:43] {dino} yes, but why?
[15:43] {nemo} Oh yahoo, just got my notice my license waiver application was denied
[15:43] {dino} oh back in black
[15:43] {nemo} no flys on u dino
[15:43] {nemo} flies
[15:44] {Threei}  I don't even know what AC/DC is...
[15:44] {nemo} australian band
[15:44] {nemo} Very hard rock
[15:45] {nemo} original lead singer passed out drunk in a car in London in the winter...didn't wake up
[15:45] {Threei}  so that was one of their songs title?
[15:46] {nemo} Back in Black was the title of the comeback album after they replaced the lead singer
[15:46] {Threei}  got it
[15:46] {nemo} and the title of a song also
[15:46] {Threei}  see, with some effort you can overcome even my unawareness of all things social :)
[15:47] {nemo} not my kind of music, but they were pretty popular
[15:47] {dino}  they had alot of hits
[15:47] {Threei}  a few more years and I may be able to maintain small talk about weather for 2 or with some luck even 3 moniute
[15:47] {Threei}  minutes
[15:49] {Threei}  process could have been faster if larisa hadn't lost patience and given up on me after I ate her 3rd keyboard
[15:49] {RonS} so that's where patience has been?
[15:50] {Threei}  to be fair, larisa should have stoped ordering new ones from here:
[15:50] {Threei}  patience on vacation too
[15:58] {dino}  out gpor .93 -.08
[15:59] {Threei}  OK guys, sorry about the extreme boredom
[15:59] {Threei}  let's hope for more excitement tomorrow
[16:00] {Threei}  have a good evening, see you in the morning
[16:00] {dino} gn all
[16:00] {dino} thx for ideas