Friday, August 3, 2012

Aug .03 2012

Not our trading environment at all but we still squeezed profitable day, albeit were bored to death.

Session Time: Fri Aug 03 00:00:00 2012

[08:32] {nemo} gap up gap down gap up gap down sheesh
[08:33] {Threei}  poor swing traders
[08:47] {scottie} gm
[08:48] {Threei}  morning scottie
[08:48] {scottie} have to leave for an appointment noe, will be back later.
[08:48] {Threei}  we'll be here
[08:49] {Threei}  unless aliens kidnap us
[09:05] {nemo} well, I guess the stilletto heel formation was the clue
[09:05] {Threei}  nah
[09:05] {nemo} oh, gedtting the stop hunts
[09:05] {Threei}  it's a genuine news market
[09:06] {Threei}  yesterday draghi words were not enough
[09:06] {Threei}  overnight they looked into them deeper and realized that he in fact said they were willing to do unlimited and most importantly unsterilized bond buying
[09:07] {Threei}  tomorrow they may realize he can't deliver on that promise through Germany resistance
[09:07] {Threei}  but today they are high on it
[09:10] {nemo} see this:
03[09:10] * Retrieving #discussions modes...
[09:11] {Threei}  wow
[09:13] {Threei}  if true, this may well be the strongest indication of the end nearing
[09:14] {nemo} I had read the story in Der Spiegel last week about the DM being used again, so it's true
[09:15] {Threei}  ket's asl LS
[09:15] {Threei}  ummm
[09:15] {Threei}  let's ask KS
[09:15] {Threei}  boots on the grounds so to speak
[09:15] {jackharry} good morning
[09:18] {Beau} good morning all
[09:20] {Threei}  jack, beau :)
[09:23] {ese} gm
[09:23] {Threei}  ese :)
[09:25] {RonS} gm
[09:25] {Threei}  ron :)
[09:27] {dptl} gm
[09:27] {Threei}  dp... left yesterday a few min before nice win
[09:31] {ese} vad ron dp
[09:32] {Threei} Short Setup: FCX  .25 break hl
[09:32] {Threei}  If holds  .35
[09:34] {Threei} Short Setup: SLW  .60 break
[09:34] {Threei}  If holds  .70
[09:34] {Threei}  lose .20 and die FCX
[09:35] {Threei}  good boy
[09:35] {Threei}  1:1
[09:35] {Threei}  your turn SLW
[09:38] {Threei}  this one doesn't want to work really
[09:39] {dino} gm
[09:39] {Threei}  dino :)
[09:40] {dino} i see all is well w/world today
[09:41] {Threei}  very much so
[09:41] {dino} all problems solved
[09:41] {Threei}  lamb lies with lion
[09:42] {Threei} Long Setup:  LVS  ,80 break
[09:43] {Threei}  FCX finally 1:2
[09:44] {Threei}  out
[09:44] {Threei}  LVS 1:1 but I doubt it was executable
[09:44] {Threei}  Sweden says Belarus has expelled its ambassador 'for being too supportive of human rights'
[09:47] {Threei} Short Setup: PORT  .15 break
[09:47] {Threei}  POT\
[09:48] {Threei}  POT
[09:48] {Threei}  sheesh
[09:48] {nemo} drinking already?
[09:48] {Threei}  smoking... can't you read
[09:48] {dino} wow meli
[09:48] {nemo} WOW!!!
[09:50] {Threei}  cautios comments from Off Wall Street
[09:50] {Threei}  decent report
[09:50] {Threei}  JPM upgrade
[09:50] {ese} thinking about COH at all this morning
[09:52] {ese} jackharry might like the port
[09:53] {nemo} I'm flipping through stuff ese, nothing looks like anything at the moment, numbers at 10
[09:55] {nemo} this is such a big gap up, we may sell off for some profit taking, but that would be later barring bad numbers
[09:55] {jackharry} ese....??
[09:57] {nemo} iwm looking possible short, but numbers
[09:58] {ese} port wine? Jack........
[09:58] {jackharry} ok, lol
[09:58] {ese} from vads spelling errors.......was trying to make a funny but as usual an abject failure
[09:59] {nemo} least you can play drums
[09:59] {jackharry} straight over my head.....dont even have the excuse of it being early here
[09:59] {Threei}  I don't make errors. I explore variations
[09:59] {nemo} what time you start drinking john harold
[10:00] {jackharry} dont forget its the middle of the afternoon here
[10:00] {Threei}  *(US) JULY ISM NON-MANUFACTURING: 52.6 V 52.0E
[10:01] {nemo} unlikely but S3 spy is 139.60
[10:01] {Threei}  btw... who knew Lisa Minelli sang about EU plans long agom, describing intentions of the Brussels in Cabarete:
[10:01] {dino} where you from jack?
[10:01] {Threei}  The continent of Europe is so wide, mein herr.
[10:01] {Threei}  Not only up and down, but side to side, mein herr.
[10:01] {Threei}  I couldn`t ever cross it if I tried, mein herr.
[10:01] {Threei}  But I do what I can, inch by inch, step by step, mile by mile.
[10:01] {Threei}  Man by man.
[10:01] {nemo} that would likely get a serious short covering going, I could see them going for it
[10:02] {jackharry} Northern Ireland
[10:03] {dino} back in 15
[10:03] {Threei} Long Setup:  TZA  .50 break
[10:04] {nemo} they're going to stop bust on the spy so everything goes up intil at least .40
[10:05] {RonS} zagg sm l .50
[10:06] {ese} egzactilly what i'm thinkin and raises guidance hmmmmm
[10:06] {Threei}  Invalidated
[10:07] {ese} ya beat me too it though....pullback city for me
[10:08] {nemo} .80 is Monthly Pivot on IWM
[10:12] {Threei} Long Setup:  KCG  .20 break
[10:12] {Threei}  If holds  .10
[10:14] {Threei}  target 1:3, maybe more
[10:14] {Threei}  1:1
[10:14] {Threei}  nice and easy
[10:14] {scottie} easy +.10 thanks Vad
[10:14] {Threei}  :)
[10:14] {Threei}  for such fast resolution is was amazingly easy to execute
[10:15] {Threei}  usually those that move to target this rapidly don't let you in
[10:15] {Threei}  stop .18
[10:17] {nemo} CVS might be long this area
[10:20] {ese} L M .57
[10:20] {ese} opps make that .58
[10:21] {dino} .
[10:22] {ese} stop .49
[10:24] {nemo} CVS if it's gonna' bounce
[10:24] {nemo} l .71
[10:24] {nemo} bought the pivot
[10:24] {Threei}  scalpers win
[10:25] {nemo} I'm out under .70
[10:28] {nemo} offering .80  expect spy to run to .60
[10:29] {nemo} didn't get taken
[10:31] {nemo} I'm out if it drops .68
[10:31] {nemo} out
[10:45] {dino} these big gap up and sit days, not my style
[10:45] {nemo} yeah, see what happens at 139, other than that, might get some profit taking this afternoon
[10:50] {ese} M stopped .49 -.09
[10:57] {dino} cnqr sm l .52
[11:12] {ese} L cnqr .10
[11:13] {ese} sm
[11:14] {ese} i'll drive the price up for you dino
[11:14] {thomcbell} nice little blast there
[11:14] {dino} please do
[11:17] {dino} don't like the stall
[11:17] {dino} out cnqr .05, +.53
[11:18] {ese} same even +.00
[11:26] {ese} L PKI .94
[11:27] {ese} nope .95
[11:29] {nemo} FB ripping
[11:32] {dptl} gmcr .76 long
[11:33] {ese} stopped pki .05 +.10
[11:33] {Threei}  Facebook Hearing strength attributed to renewed reports it could be considering a jobs board product - fianncial press
[11:34] {dptl} 0.64 stop gmcr
[11:35] {dptl} half out
[11:38] {dptl} all out 1:2
[11:39] {dptl} hmm...too soon i guess...oh well
[11:40] {ese} yup...onwards and upwards
[11:40] {dino} bummer
[11:41] {scottie} good job dp
06[11:42] * Threei slaps dptl around a bit with a large roll of cash
[11:42] {dptl} ty
[11:49] {dino} crbc
[11:49] {dino} spike
[11:51] {RonS} Citizens Republic Is Said to Seek Buyers for Michigan Bk Bloomberg TV }CRBC       08/03 09:27 AM
[11:51] {dino} ty, just found that
[11:51] {dino} break of .00 short imo
[11:52] {cipher} ibm l .94
[11:53] {dino} sm s crbc .99
[12:01] {cipher} out 1/2 ibm ..24 +.30
[12:02] {cipher} put another 1/4 .30
[12:02] {cipher} out test .34 +.44
[12:02] {cipher} rest
[12:03] {dino} gj
[12:04] {cipher} thx
[12:04] {RonS} UN chief Ban Ki-moon says brutality being reported out of Syrian city of Aleppo may constitute crimes against humanity
[12:05] {RonS} ...besides my name of course...
[12:06] {RonS} lol...So if Obama gets re-elected, does he inherit his own mess?
[12:07] {Threei}  lol
[12:12] {ese} in general......90% of this flippin planet is a crime against humanity
[12:12] {Threei}  heck... humanity is a crime against humanity
[12:14] {ese} indeed
[12:14] {dino} crbc stop-.26
[12:15] {Threei}  why do you think nemo befriends animals
[12:16] {ese} ouuuuuuu ouch
[12:19] {ese} so basically what you told us about nemo at the party is true then.....
[12:20] {ese} he's desparate for friends......has been buging you for along time and you had to fob him off a whole bunch of times
[12:21] {ese} don't worry ...I won't let that get out on the board......
[12:21] {ese} hmmmmmmmmmmmm
[12:21] {ese} guess I goofed
[12:21] {Threei}  you know that if he ever visits our island, every word will be copied, rememberd and avenged, right?
[12:22] {ese} i'm well aware of that......and am taking steps to protect myself
[12:24] {dino} lol
[12:26] {ese} L wnr .50
[12:29] {dino} gaps abov 13206 dji, 2704, 2762, 2782 ndx
[12:39] {ese} out wnr .31-.19      that didn't work
[12:46] {ese} L wnr .08
[12:46] {Threei} Long Setup:  TZA  .25 break
[12:51] {dptl} where is your stop ?
[12:51] {Threei}  torn between .19 and .14
[12:52] {dptl} .19 it is
[13:12] {dptl} out
[13:14] {dptl} oh that was fast.......took coh .25 break
[13:15] {dptl} got out .37 and .47
[13:15] {Threei}  nice
[13:15] {dptl} ty...didn't expected to be that fast
[13:17] {Threei}  Zynga Inc. EA files copy infringement lawsuit against the company related to SIMS social game on Facebook- In the complaint, which was filed in the United States District Court for the Northern District of California on August 3, 2012, EA claims that in Zyngas recently-released Facebook game The Ville, Zynga has willfully and intentionally copied and misappropriated the original and distinctive expressive elements of The Sims Social in a violation of U.S. copyright laws.
[13:26] {nemo} .80 level fb
[13:29] {RonS} GS made $400M against Knight
[13:30] {Threei}  how?
[13:30] {RonS} will ask...
[13:31] {nemo} lvs below .30 worth a risk .06
[13:38] {dino} if true we should buy gs
[13:39] {RonS} not material imo
[13:40] {RonS} did you guys hear that bac has made money trading every day this year except 2 or 3...absolutely criminal
[13:41] {Threei}  well, they need to create a buffer for the day when one of their traders gets in too deep and blows it all up
[13:44] {RonS} above probably reated to this...$KCG loss was tied to $GS - CNBC
[13:45] {RonS} dude has not responded to me so he prob has not details...
[13:45] {RonS} no
[13:46] {RonS} trying to replace Rubinin as Dr Gloom?:  .@PIMCO CEO Mohamed El-Erian says strong jobs report is not an economic recovery game changer
[13:46] {RonS} roubini
[13:47] {Threei}  I can't envision mechanics how GS could possibly benefit from KCG fiasco - unless KCG clients who lost money on erroneous trades and were compenated later on traded exclusively against GS
[13:50] {dino} that was hardly a strong jobs report
[13:54] {RonS} understand dino, just saying the el and gross are out daily with bearish statements these days...
[13:55] {Threei}  everyone's talking their book
[13:55] {Threei}  and see world through their glasses
[13:55] {Threei}  meanwhile by D.Gerrold:
[13:56] {Threei}  Your opinion is irrelevant. Really. The universe doesn't care. Neither does anyone else. They have their own opinions, they don't need yours. And if they do ask for your opinion, they don't really want your opinion -- what hey want is for you to agree with theirs.
[14:02] {dino} where you stand is really of function of where you sit
[14:03] {RonS} must be why my feet hurt, since my rear end does...
[14:05] {dino} lol
[14:05] {dino} but think about it.....thats why everybody has opinions
[14:12] {dino} stc the choh calls from tues., +.30 or 21%
[14:13] {nemo} mon caig halted
[14:13] {nemo} aig
[14:14] {ese} i got timed out
[14:15] {ese} cnqr dino....makin anice run
[14:15] {nemo} aig gonna buy back treasury shares
[14:20] {dino} wow, guess so
[14:21] {dino} in any case, it's been fun, but i am falling asleep here. so calling it a week. thx all for some great ideas. really appreciate it. best week i've had all summer.
[14:21] {Threei}  American International Group, Inc To buyback $3.0B in shares being sold by the US Treasury (5.3% of market cap); Treasuy offering $4.5B worth of common shares- U.S. Department of the Treasury (Treasury) has launched an offering of $4.5 billion of its AIG common stock, par value $2.50 per share (AIG Common Stock). The Treasury will also grant a 30-day option to the underwriters for the offering to purchase additional shares to cover over-allotments, if any. - In connection with Treasurys offering, AIG has indicated to Treasury that it intends to purchase shares of AIG Common Stock in the offering, at the initial public offering price, pursuant to an authorization granted by the AIG Board of Directors to purchase up to $3 billion of AIG Common Stock.
[14:23] {Threei}  take care dino
[14:24] {Threei}  barely keeping my eyelids open too
[14:24] {dino} summer fridays
[14:26] {Threei}  Ameritrade resumes routing through Knight
[14:26] {Threei}  boosted KCG
[14:32] {RonS} lol...actually crying...Feeling better? SEC's Schapiro sends letter saying hi-tech traders should make sure their systems are working. Review in works. $KCG
[14:32] {ese} i'm with ya on that vad
[14:33] {RonS} Scottrade Resumes Trading With Knight Capital Group -Source
[14:34] {RonS} Sources Say Goldman Bought Knight Capital's Unwanted Positions in One Block Sale -CNBC
[14:34] {Threei}  I don't know why these smart asses in SEC feel thne need to chime in with their illiterate nonsense
[14:34] {RonS} Sources Say Goldman Charged Knight $440 Million for the Transaction -CNBC  
[14:34] {Threei}  as far as I am concerned, whole sitiation was handled perfectly
[14:34] {Threei}  they owned to their error, took losses, made cl,ients whole,
[14:34] {RonS} Knight Has Three Business Days for Settlement After Late Wednesday Block Trade -CNBC
[14:35] {Threei}  never took clients money to bridge
[14:35] {Threei}  unlike MF Global and PFG
[14:35] {Threei}  now they'll survive if they vcan weather it or fail if not
[14:35] {dolores} hello there
[14:35] {Threei}  that's how mechanism is supposed to work
[14:36] {dolores} what a day must have been??
[14:36] {Threei}  But these idiots yawned through MF and PFG disasters, however feel the need to bartk at KCG
[14:36] {Threei}  nice morning, then whole day of boredom, dolores
[14:37] {Threei}  market glued to a line
[14:37] {RonS} vxx at all-time lows...what a screwed up instrument...
[14:37] {Threei}  lol
[14:39] {RonS} Sources Say Knight was Reluctant to Sell Positions on Open Market -CNBC
[14:40] {RonS} is she stamping her fett like the 2 yr old she is acting?...SEC's Schapiro calls Knight problems "unacceptable"
[14:40] {RonS} feet
[14:41] {Threei}  idiot
[14:41] {Threei}  things malfunction
[14:42] {Threei}  look at how well sec performed, not to dig too far for an example
[14:42] {RonS} we are from the guvmint and are here to help..."I have asked the staff to accelerate ongoing efforts to propose a rule to require exchanges and other market centers to have specific programs in place to ensure the capacity and integrity of their systems."
[14:44] {Threei}  guys, I'll ask your permission to call it a day, haven't slept much today
[14:44] {Threei}  lest I fall out of a chair, lol
[14:44] {RonS} np here...see ya
[14:44] {scottie} have a good weekend Vad
[14:44] {nemo} don't let the door hit you on the way out
[14:44] {Threei}  thatnk you all, I believe we handled this week well
[14:44] {Threei}  have a great weekend, ssee you Monday
[14:45] {dolores} have agreat weekend VAD be here monday
[14:45] {dptl} see ya
[14:45] {dolores} I will be here sorry
[14:45] {cipher} cya vad
[14:45] {dolores} my english
[14:48] {dolores} what happened to FSLR guys?
[14:48] {dolores} thought they had good news last week and now down?
[14:52] {ese} things move opposite the good news D
[14:53] {cipher} buy the rumor, sell the news
[14:54] {ese} yup
[14:54] {ese} pers
[14:57] {thomcbell} take care Vad
[15:08] {dptl} have a good weekend all...see ya monday
[15:10] {dolores} MCP in bad shape too
[15:17] {ese} auch du miya.......somebody do .....a about 6 zeros to a sell trade to jump start the NYSE into pandemonium
[15:17] {ese} add
[15:24] {ese} zzzzzzzzzzzzzzzzzzzzzzzz sneurgal.............gaaafa.......glic..........smuvda.......zzzzzzzzzzzzzzzzzzzzzzzzzzz
[15:28] {dolores} bye guys have agreat weekend
[15:28] {dolores} see you monday
[15:29] {ese} cya D
[15:33] {ese}'s been real......we should do this again next year......cya monday
[15:43] {scottie} have a great weekend guys, see you monday