Friday, January 13, 2012

Jan 13 2012

(Participation in the room in real time requires membership. Free trial is available)

Quiet pre-long-weekend day but solidly profitable one for us. CCL 1:3 short was especially pleasant easy trade.

Session Time: Fri Jan 13 00:00:00 2012
[09:15] {JK13} gm everyone
[09:15] {Threei}  morning jk
[09:17] {dino} gm
[09:19] {Threei}  dino :)
[09:20] {rambler} gm...
[09:20] {Threei}  rambler :)
[09:21] {RonS} gm guys...something to watch:
[09:21] {Threei}  ron :)
[09:22] {Beau} good morning you all
[09:22] {Threei}  Beau :)
[09:24] {ese} gm
[09:26] {Threei}  ese :)
[09:26] {Threei}  Monday is day-off, correct?
[09:27] {rambler} not sure......
[09:27] {thomcbell} Anything on the china policy front - sorry ran late today
[09:27] {rambler} what are we celebrating......?
[09:28] {ese} no mrkt monday?
[09:28] {thomcbell} martin luther king
[09:28] {Threei}  MLK
[09:28] {thomcbell} all markets closed
[09:28] {rambler} ah so....
[09:29] {Threei}  market started slipping on Euro dowgrade concerns
[09:29] {dino} no price mlk
[09:29] {Threei}  lol
[09:29] {Threei}  Fitch concludes review of 6 states
[09:30] {Threei}  also,
[09:30] {Threei}  Dec 5th S&P on Europe stated that it believes that ratings could be lowered by up to one notch for Austria, Belgium, Finland, Germany, Netherlands, and Luxembourg, and by up to two notches for the other governments (including France, Italy, Spain, Portugal)
[09:31] {dino} sfly sm l .49
[09:32] {Threei} Short Setup: FCX  .90 break
[09:32] {Threei}  half lot
[09:32] {Threei}  stop above 42
[09:32] {Threei}  target 1:3
[09:34] {Threei}  1:3
[09:34] {dino} gj
[09:34] {Threei}  was that a pure beauty or what
[09:34] {rambler} thanks Vad....
[09:35] {rambler} pure.....
[09:38] {Threei} Short Setup: ANF  .10 break
[09:38] {Threei}  half lot
[09:38] {Threei}  if stays under .20
[09:39] {ese} missed your sfly call dino ...nice one
[09:39] {dino} ty
[09:39] {ese} still goin
[09:40] {dino} out sfy .37, +.88
[09:40] {Threei} Short Setup: LVS  .80 break
[09:40] {Threei}  wtg dino
[09:40] {dino} ty
[09:41] {Threei}  LVS target 1:3
[09:41] {Threei}  1:1 is here
[09:41] {Threei}  play by the book
[09:42] {thomcbell} fcx strong
[09:43] {dino} anf stop -.11
[09:43] {Threei}  ANF no go
[09:45] {ese} nice one dino sfly
[09:45] {dino} ty
[09:45] {Threei}  LVS scalpers win
[09:45] {dino} qcor luv today
[09:48] {ese} its at some kinda support
[09:50] {dino} wes sm l .50
[09:52] {Threei} Short Setup: SLW  .90 break
[09:53] {Threei}  if stays under 31
[09:53] {dino} csh sm l .00
[09:56] {RonS} pot sm l .30
[09:57] {ese} there just confident in Michigan right?...nowhere else in the country?
[09:59] {RonS} out pot -.10
[09:59] {Threei}  interesting question
[10:00] {dino} pacw sm l .35
[10:00] {dino} thin
[10:01] {RonS} michigan survey is US national...
[10:01] {Threei} Short Setup: CCL  .20 break
[10:02] {Threei}  stop above .30
[10:03] {dino} wes stop -.31
[10:03] {Threei} Short Setup: CFX  .50 break smaller shares
[10:04] {Threei}  if stays under .60
[10:04] {ese} was trying to make a funny
[10:04] {ese} did go over very well
[10:04] {Threei}  hehe
[10:04] {ese} didn't
[10:05] {Threei}  CCL 1:1
[10:05] {Threei}  target 1:3 for me
[10:05] {Threei}  stop to .25
[10:05] {Threei}  CFX invalidated
[10:06] {Threei}  stop to ,21
[10:08] {Threei}  (GR) Reports now that negotiators on the Greece private sector involvement (PSI) debt deal are now becoming less optimistic on potential for reaching a deal - financial press
[10:08] {dino} shocking
[10:08] {Threei}  1:2
[10:09] {Threei}  **Reminder: Earlier reports that Greece might submit law to force creditors in bond swap next week
[10:09] {Threei}  so much for voluntary haircuts
[10:09] {Threei}  (FR) France Treasury said to decline any comment on circulating reports of S&P sovereign downgrade of France
[10:10] {Threei}  stop to .15
[10:10] {Threei}  Euro 1.2665
[10:10] {Threei}  not seen since Sep 2010
[10:11] {Threei}  to .11
[10:12] {Threei}  how do they manage to keep straight face when say "it's voluntary... or we will make you"... beyond me
[10:12] {Threei}  CCL 1:3, over and out
[10:12] {Threei}  no one took it??
[10:13] {RonS} missed
[10:13] {rambler} missed....
[10:13] {pragmatic} I played
[10:13] {dino} missed
[10:13] {RonS} csh sm l .80
[10:13] {Threei}  it spent couple minutes above .20, how fdo you miss it...
[10:14] {RonS} lookin to take it on break and crashed too fast
[10:14] {rambler} was watching other call......
[10:15] {dino} saw drop then bounce to .23, thgt it was over
[10:16] {dino} 1280 filled
[10:16] {dino} 2350 ndx next
[10:21] {dino} csh stop -.31
[10:21] {dino} deck gap fill
[10:22] {Threei}  CFX... did you have to invalidate our short?
[10:22] {rambler} check CCL...
[10:26] {rambler} LVS double 45
[10:26] {dino} alr sm l .72
[10:27] {rambler} whats your read on LVS Vad...?
[10:27] {Threei}  doesn't seem to be playing out rambler
[10:27] {Threei}  stays near 45 while SPY goes up
[10:27] {Threei}  can be a perfect trap:
[10:28] {Threei}  triggers at .10 just when SPY tops out
[10:28] {Threei}  so LVS reverses right after luring us in
[10:28] {Threei}  I'll stay away
[10:28] {dino} csh rinsed
[10:28] {rambler} or short 45.00 break when spy reverses...?
[10:30] {Threei}  that would have been my play if it didn't invalidate
[10:36] {Threei}  (EU)France and Austria said to be cut ONE notch to AA+ from AAA by S&P - FT
[10:36] {Threei}  - FT highlights that the EFSF does plan a bond sale on Tuesday, Jan 17 for �1.5B.
[10:36] {Threei}  **Note: Assuming this occurs, Germany would be the only remaining AAA rated country underwriting the EFSF program. With regard to France there was speculation about whether it would get downgraded by one or two notches, with many analysts saying a one notch downgrade was already priced into markets
[10:37] {Threei}  last AAA standing...
[10:38] {dino} psmt sm l .50
[10:38] {Threei}  (FR) France Govt now said to acknowledge receipt of notice that it will be downgraded by S&P - financial press
[10:38] {Threei}  - This latest report does not indicate whether it will be a one or two notch downgrade.
[10:56] {Threei}  from the land of imbeciles:
[10:56] {Threei}  (DK) Denmark Fin Min Corydon: Financial transaction tax (tobin) proposals may negatively impact jobs; proposals are not yet 'robust'- Supportive of financial transaction tax assuming jobs can be protected - Reminder: Denmark Minister on 1/9 reiterated support for the financial transactions tax
[11:01] {dino}  deck sm l ave .25 gappy
[11:02] {ese} hmmmmm   great minds.....was just lookin at that
[11:02] {dino} lol
[11:03] {dino} spanking vwap
[11:03] {ese} Deckers Outdoor Corp Sees FY sales reaching $2.4B by 2015 - ICR XChange Conf- International segment to account for 40% of sales by 2015
[11:04] {ese} decent newws release from the 11th
[11:05] {RonS} qotd:  Santorum's Iran Policy: I have no problem with them so long as Hormuz remains Straight
[11:05] {dino} lol
[11:06] {ese} that's funny
[11:06] {Threei}  lol
[11:10] {dino} out deck .75, +.50
[11:11] {Threei}  wtg
[11:11] {dino} ty
[11:15] {dino} ulta spike
[11:23] {dino} wow sfly had another 1+
[11:25] {dino} idix spike
[11:27] {RonS} took alr .70 to .95  +.25 thanks dino
[11:27] {dino} gj, i'm still in
[11:30] {Threei}  It appears that the S&P downgrades of euro zone sovereigns are imminent. Before the open of US trade, another round of France downgrade rumors made the rounds, however this time there was greater intensity to the reports, prompting reports in financial media and responses of "no comment" from S&P itself and the French Treasury. Then after 10:00ET, the French government was said to have acknowledged the receipt of notice that it will be downgraded by S&P.
[11:31] {dino} priced in imo
[11:31] {JK13} Vad do you think FCX is forming C& H in 1 min chart?
[11:32] {Threei}  looks good to me
[11:32] {dino} alr to .95
[11:33] {dino} out .00, +.28
[11:34] {JK13} thx
[11:34] {rambler} gj Dino.....
[11:34] {dino} ty
[11:39] {ese} later...cya monday
[11:39] {rambler} cya ese....
[11:39] {dino} cya
[11:39] {dino} tuesday
[11:40] {Threei}  take care ese, till tuesday
[11:40] {Threei}  something tells me he missed it
[11:40] {Threei}  and will be here on Monday wondering where the hevk everyone is
[11:44] {dino} brb
[11:48] {RonS} lol...China erecting a monument to the many fallen iPod assemblers - Tomb of the Unknown Solderer
[11:49] {Threei}  lol
[12:03] {dino} elgx spike
[12:03] {Threei}  SYMC Hacker said to have threatened to release software code later today - financial press
[12:03] {Threei}  what code?
[12:04] {Threei}  ah
[12:04] {Threei}  code for Norton
[12:11] {dino} dmnd lod
[12:20] {cipher} csh l .56
[12:26] {rambler} back in 60.....walk the pooches...
[12:36] {cipher} csh stopped -.05
[12:37] {dino} zzzzzzzzzzzzzzzzzz
[12:40] {dino} ipgp spike
[12:41] {Threei}  (EU) S&P said to be cutting Spain, Italy and Portugal by two notches - France press- Germany, Netherlands, Finland, Luxembourg will have their ratings maintained - Prior press reports indicated that France and Austria will be cut by 1 notch
[12:58] {dino}  dmnd sm l .12
[13:09] {dino} stop .89
[13:20] {Threei}  (DE) Germany Fin Min Schaeuble: should not put too much value on ratings agencies' opinions
[13:21] {Threei}  except when they upgrade you of course
[13:26] {dino} rovi sm s .25 break
[13:31] {dino} hmmm short stop filled .27
[13:41] {dino} rovi stop -.14
[13:46] {Threei}  lol:
[13:46] {Threei}  EU) Germany Chancellor Merkel: Will not comment on an event that has not yet occured- Note: Comments appear targeted at the rumors of imminent EU nations sovereign rating downgrade
[13:46] {Threei}  (FR) France Fin Min Baroin plans speech at 1900GMT - financial press
[13:46] {Threei}  I guess this means event will have occured till then
[13:48] {dino} bku spike
[13:49] {rambler} wow....
[13:49] {Threei}  halt
[13:49] {Threei}  explores sale of the company
[13:50] {dino} friggin' halts
[13:53] {dino} deck sm l .50 ave stop lod
[13:55] {dino} bku open
[13:55] {dino} vsm s .84
[13:57] {dino} cov .34, +.50
[13:58] {rambler} nice one Dino...was that a nasdaq stock?
[13:59] {dino} dk
[13:59] {dino} 3 letters dji
[13:59] {dino} why?
[13:59] {rambler} dosen't come up for me...
[14:00] {Threei}  BKU?
[14:00] {dino} on scanner? set naz and nyse
[14:00] {Threei}  or VSM?
[14:00] {rambler} sorry...VSM...haha...
[14:00] {Threei}  lol
[14:01] {rambler} that was a good one...
[14:02] {dino} deck stop -.26
[14:03] {dino} hit one miss one pattern
[14:07] {dino} bku vsm s .35 break
[14:09] {dino} do spike
[14:11] {dino} sohu spike
[14:12] {Threei}  (FR) France Fin Min Baroin: Confirms France will lose its AAA rating at S&P; France sovereign rating to be cut one notch, to AA+ from AAA - French television- France downgrade is not a catastrophe, France would have preferred to retain its AAA rating - Ratings agencies will not dictate French policies. No plans to announce any additional austerity measures but will continue to pursue its reform efforts
[14:13] {dino} lol, i believe rating agencies will eventually dictate policy
[14:14] {Threei}  whole thing is so bozarre, I can believe anything
[14:14] {Threei}  bizarre
[14:16] {Threei}  lol:
[14:16] {Threei}  Parisians contemplate instituting mandatory sixteen hour work week to bolster national credit rating - Sources
[14:17] {dino} roflol
[14:17] {Beau} now that is bizarre or even bozzare
[14:17] {dino} a greek, spaniard, and italian go into a bar. who picks up the tab?
[14:17] {Threei}  both
[14:17] {Threei}  or either
[14:18] {rambler} only in France.....could that make sense..
[14:18] {dino} a greman
[14:18] {Threei}  german?
[14:18] {Threei}  lol
[14:18] {rambler} lol
[14:21] {dino} bku spike
[14:22] {RonS} byi blood
[14:22] {dino} vsm s .60
[14:23] {dino} byi gap 40.07 area
[14:26] {dino} pacw to b/e
[14:34] {dino} pru spike
[14:35] {dino} too fast
[14:37] {dino} out pacw .46 ave +.11
[14:37] {rambler} way to hang in there Dino.....
[14:38] {Threei}  (IT) Italy Govt now said to have been informed of imminent downgrade from S&P
[14:38] {dino} lol rambler, took all day
[14:47] {dino} seac drop
[14:50] {Threei}  CFO leaving
[14:56] {dino} bku to .50
[14:56] {dino} cov +.10
[14:58] {dino} that was my dumb trade of the day, had .44 on it but got greedy
[14:59] {dino} all dayer out psmt .81 +.31
[14:59] {RonS} gj
[14:59] {dino} ty
[15:06] {RonS} Have a good weekend everyone..see you Tuesday
[15:06] {Threei}  have a good one ron
[15:06] {rambler} cya Ron....
[15:13] {dino} ugh bku
[15:24] {dino} tsla drop
[15:27] {dino} news?
[15:28] {Threei}  yes
[15:29] {rambler} not stopping...
[15:29] {Threei}  Tesla Motors Two executives who worked on the Model S have chosen to leave the company prior to its commercial launch - financial press- Reminder: Tesla noted that Model S deliveries were due in mid 2012
[15:29] {Threei}  TSLA is next Solyndra
[15:30] {Threei}  or what was that another one...
[15:30] {Threei}  ese's favorite
[15:30] {Threei}  AONE
[15:30] {dino} seems overdone
[15:31] {dino} sm l .00 break
[15:33] {dino} may not trigger
[15:34] {dino} nope
[15:39] {dino} vsm l .50 wide
[15:45] {Threei}  LOL:
[15:46] {dino} stop flat
[15:46] {Threei}  the best short of the next month: any insurance conpamy insuring an Iranian nuclear scientist
[15:47] {Threei}  wow TSLA
[15:48] {rambler} wheres it going to turn Vad...?
[15:48] {Threei}  no idea
[15:48] {Threei}  tough one
[15:48] {Threei}  this is not a triviak news
[15:48] {Threei}  this is really bad
[15:53] {Threei}  this close to eod, just leave it be
[15:53] {Threei}  ok guys, let's have a good relxing long weekend
[15:53] {Threei}  next week will be interesting, what with Europe falling apart
[15:54] {JK13} Thanks Vad have a nice weekend everyone
[15:54] {Threei}  get a good rest, see you Tuesday!
[15:54] {dino} thx all
[15:55] {rambler} see ya'll tuesday.......