Tuesday, August 14, 2012

Aug 14 2012

Fairly nice day sealed by two parallel wins on the last 30 minutes. Got the theme of a closing selloff right and benefited from two trades based on that idea. You may also want to read the discussion of good and bad times for a trader to learn starting from 11:23.

Session Time: Tue Aug 14 00:00:00 2012

[08:08] {nemo} IF the news is good at 8:30  THEN we'll likely get a gap-and-go....GO BACK TO BED
[08:29] {nemo} market looks ready to rip
[08:29] {nemo} go back to bed
[08:37] {Threei}  - German Constitutional Court reaffirmed the ruling date of Sept 12th for both the ESM and fiscal pact
[08:46] {nemo} oops...sorry...everybody wake up, we're retracing
[09:02] {jackharry} good morning
[09:05] {Threei}  jack :)
[09:09] {nemo} HD all time highs clear air
[09:10] {dino} gm
[09:11] {Threei}  dino :)
[09:13] {dino} dks? looks like beat & raise.
[09:13] {Beau} good morning all
[09:14] {Threei}  beau :)
[09:14] {Threei}  announced duividend too, dino
[09:17] {scottie} gm
[09:17] {Threei}  scottie :)
[09:19] {_napolm01} gm all
[09:20] {Threei}  napolm :)
[09:20] {thomcbell} napolm in the morning
[09:20] {thomcbell} every day i think it
[09:20] {Threei}  lol
[09:20] {Threei}  both HD and KORS are interesting, KORS is pulp
[09:20] {dino} smell of victory
[09:20] {thomcbell} smells like ?
[09:20] {thomcbell} nice
[09:21] {nemo} victory?
[09:21] {_napolm01} lol
[09:23] {Will49} GM
[09:23] {Threei}  will :)
[09:24] {Threei}  fair warning on JKORS - risk averse traders stay away, and if you decide to play, keep small shares
[09:24] {Threei}  KORS
[09:24] {RonS} gm everyone
[09:24] {Threei}  ron :)
[09:26] {dolores} hello GM
[09:27] {nemo} aren't you early?
[09:27] {thomcbell} wow that is quite a bit of volume for pre-open on kors
[09:27] {RonS} 3 mil sh short thom...
[09:28] {Threei}  dolores :)
[09:28] {nemo} on what size float Ron?
[09:28] {RonS} 100 mil
[09:28] {nemo} nothin
[09:28] {RonS} still cover prob half that vol
[09:29] {nemo} any news dks
[09:29] {nemo} ?
[09:30] {RonS} earnings
[09:30] {nemo} yeah, they are this week
[09:30] {Threei}  earnings, guidance, dividend
[09:30] {nemo} they should have blown away earnings
[09:30] {RonS} aig ese style stock
[09:30] {RonS} breakout
[09:31] {RonS} good earnings but took charge on UK writedown and up 37% ytd
[09:32] {dino} schn sm l .01 thinny
[09:33] {dino} dks sm l .53
[09:33] {nemo} l tna .76
[09:33] {ese} morning
[09:33] {nemo} stop under .65
[09:33] {thomcbell} gld long setup vad?
[09:34] {dolores} double sine IPO
[09:34] {nemo} a what?
[09:34] {Threei} Long Setup:  HD  .I'd prefer pullback GLD break
[09:34] {nemo} out
[09:34] {thomcbell} nice little bought of selling pressure there
[09:34] {dptl} gm
[09:35] {Threei}  dp :)
[09:35] {dino} 07 red
[09:35] {ese} L dks .49
[09:35] {Threei} Long Setup:  KORS  .30 break
[09:35] {Threei}  small shares
[09:36] {Threei}  stop under .15
[09:36] {Threei}  no go
[09:37] {nemo} see if they want to hold 141
[09:37] {dino} tw sm l .45
[09:38] {dino} tw stop -.35
[09:39] {Threei} Long Setup:  HD  54 break hl
[09:39] {Threei}  If holds  .90
[09:40] {dino} tw sm l .68
[09:41] {Threei}  1:1
[09:41] {scottie} +.12 ty Vad
[09:42] {Threei}  yw
[09:42] {Threei}  touched 1:2 but way too fast
[09:43] {dino} out tw .18, +.50
[09:43] {thomcbell} fcx oof
[09:44] {ese} nice tw there dino
[09:44] {ese} dks +.21 so far
[09:44] {Threei} Short Setup: GDX  .10 break
[09:45] {nemo} wow...normally seasonal adjustments in retail sales subtract an average of 5.2 billion
[09:45] {nemo} This time it added 1.9 billion
[09:45] {nemo} numbers are pure fiction
[09:46] {Threei}  disregard GDX for now
[09:48] {Threei} Short Setup: FCX  .35 break
[09:49] {Threei}  change to .40 break
[09:49] {Threei}  If holds  .45
[09:50] {nemo} l dks .01
[09:50] {nemo} partial .20
[09:50] {nemo} this will probably retrace the whole gap
[09:50] {nemo} stop is .85
[09:51] {ese} out dks .02 +.53
[09:51] {dino} tw csm l .65
[09:51] {RonS} gj
[09:51] {nemo} out
[09:51] {dolores} stop for FCX?
[09:51] {dino} out dks .90, +.37
[09:51] {Threei}  09:49] {Threei} If holds .45
[09:51] {RonS} tw sm l 51.50
[09:52] {ese} dino you still dks?
[09:52] {ese} in
[09:52] {dino} out schn .40, +.40
[09:52] {Threei}  wtg
[09:52] {dino} see cabove ron
[09:52] {dino} opps ese
[09:53] {dino} out tw .95, +.30
[09:54] {dino} 07 red
[09:55] {Threei}  (GR) Bankers say Greece bad loans at 20% of total lending, and if this keeps growing it may require increased recapitalizations - financial press
[09:55] {Threei}  first partial here
[09:55] {Threei}  stop to .41
[09:56] {dino} markets much faster today
[09:56] {Threei}  yes but turns are sudden, no setups
[09:57] {nemo} might want to try tna above .10
[09:58] {nemo} small dks .71
[09:58] {nemo} stop .55ish
[09:59] {dino} tw sm l .34
[10:00] {dino} lol nemo
[10:00] {nemo} I'm out
[10:00] {Threei}  (US) Aug IBD/TIPP Economic Optimism: 45.6 v 46.9e
[10:01] {dino} dks sm l .50
[10:02] {ese} L hd .06
[10:02] {nemo} should have been under .50
[10:04] {dino} out tw .92, +.58
[10:04] {ese} out hd .20 +.14
[10:05] {dino} gj
[10:06] {ese} tks
[10:07] {thomcbell} lvs fairly large reverse c&h in process here
[10:08] {dino} trs going for gap
[10:09] {dino} out dks .75, +.25
[10:09] {dino} i'm slowing down. 7 of 8
[10:09] {Threei}  this starts feeling like selloff resuming and moving to red
[10:10] {Threei}  watching TZA for pullback entry
[10:10] {dino} thats wrong, 6 of 7
[10:10] {dino} 07 red
[10:11] {Threei}  nice job dino
[10:12] {Threei} Long Setup:  TZA  .40 break
[10:12] {Threei}  If holds  .35
[10:13] {nemo} spy broke downtrend
[10:13] {thomcbell} creepy buying back
[10:14] {nemo} small mcp .00
[10:14] {nemo} stop under .95
[10:14] {Threei}  change to .35 break
[10:14] {dino} ty
[10:14] {thomcbell} the invisibile hand
[10:14] {Threei}  If holds  .30
[10:19] {nemo} scratching mcp
[10:21] {Threei}  first partial
[10:21] {Threei}  .43
[10:21] {Threei}  stop to .34
[10:23] {dino} clf drop
[10:23] {Threei}  offering second partial .49, and want third one around .55
[10:24] {Threei}  stop is still .34, with trail to .39 after second exit
[10:25] {Threei}  hit secpnd partial
[10:30] {dino} schn sm l .90
[10:30] {RonS} out tw 53.20 +1.70
[10:31] {Threei}  wtg
[10:31] {RonS} thnxs for that dino
[10:31] {Will49} oo la la Ron
[10:33] {dino} fosl sm s .40
[10:36] {dino} wtg ron
[10:36] {Threei}  so far the idea of selling resuming was right, despite SPY breaking downtrend at some point
[10:39] {Threei}  50% Now View Paul Ryan Favorably; 43% Say He Was Right Choice
[10:39] {RonS} ...play on words?
[10:39] {RonS} right choice
[10:39] {Threei}  hehe
[10:40] {Will49} What do the 7% in between think?
[10:40] {Threei}  they don't
[10:40] {Will49} hmmm
[10:40] {Threei}  actyally 99% don't but only 7% admit it
[10:40] {RonS} lol
[10:41] {Will49} right on
[10:41] {nemo} l tna 79
[10:41] {nemo} stops...we don't need no frickin' stops
[10:42] {Threei}  IMO, this wasn't a very good choice
[10:42] {Threei}  but what do I know
[10:42] {Will49} Ryan or nemo's trade?
[10:42] {RonS} schn brings to mind chubby checker...
[10:42] {Threei}  ryan, lol
[10:42] {nemo} today...my trades
[10:42] {RonS} Let's schnitz again like we did last summer...
[10:43] {Will49} Agree...I think he'll turn off a lot of independents
[10:43] {Will49} Ryan, not nemo
[10:43] {nemo} I turn off everybody
[10:43] {thomcbell} Nemo for President
[10:43] {nemo} I"d make a great dictator
[10:43] {Threei}  yes... and most of all, he makes a subject of discussion, instead of keeping election a referendum on obama
[10:43] {RonS} nemo for bunny catcher
[10:44] {dptl} lol
[10:44] {nemo} couldn't sleep last night, so had an extended play session with bunny
[10:44] {Threei}  uh oh
[10:44] {Will49} too much information
[10:44] {nemo} she sleeps during the day and runs around all night
[10:44] {RonS} things will change when he debates biden...
[10:45] {Threei}  let's hope...
[10:45] {nemo} Biden...how often they let him out of the home
[10:45] {Threei}  but it' just one debate
[10:45] {dino} personally i like the choice. it brings real issues to the election
[10:45] {Threei}  and not very influential
[10:45] {nemo} since when are elections about issues?
[10:45] {nemo} offering .95
[10:45] {dino} guess thats my point
[10:45] {Threei}  yeah dino... what were you thinking {G}
[10:46] {dino} fosl stop flat
[10:46] {Threei}  he will be portrayed and seen as entitlements slasher... and you know how it goes when it comes to everyone's favorite entitlement
[10:46] {nemo} stop  b/e-ish weird day
[10:47] {nemo} the hendout-electorate is way bigger than any else...Obama will easily be re-elected
[10:48] {nemo} Romney was my
[10:48] {nemo} gvernor, and you never trusted what came out of his mouth
[10:48] {Threei}  I hate to say what I am about to say, for many reasons... but I feel nemo's right
[10:48] {nemo} SO, he picks the most conservative guy to be on the ticket
[10:48] {nemo} Hitler would have a better chance being elected
[10:48] {Threei}  imo, rubio was the choice not opening easy lines for attack
[10:48] {Will49} Condaleeza would have been much better
[10:49] {Threei}  or rice, yes
[10:49] {RonS} but she looks po'd all the time...
[10:49] {thomcbell} i fear it was hopeless
[10:49] {dino} think you may be missing one major point. he's the only one w/the balls to tell it how it really is
[10:49] {nemo} As long as Prohibition isn't re-enacted I'll survive
[10:50] {Threei}  oh well... this way or that, you guys are frimly on your way to become USSR
[10:50] {nemo} oh, as if people want to hear the truth
[10:50] {nemo} They want to hear a bedtime story
[10:50] {dolores} wow whats going on?
[10:50] {dolores} sudden move up
[10:50] {Threei}  no news yet
[10:50] {RonS} wish it was, i would be prosperous...rum running 3i's brew from the great north...kennedy style
[10:50] {nemo} not sudden...iwm bottomed at yesteday's highs
[10:50] {Threei}  closed last piece TZA
[10:50] {dolores} TNA 20 cents on one sec
[10:51] {nemo} spy a few cents off
[10:51] {nemo} perfect bounce place
[10:51] {nemo} like yesterday....the low was near the confluence of a multi-time frame pivot on iwm and 140 on spy
[10:51] {Threei}  (EU) Germany Econ Min Roessler: Seeing signs of economic slowdown in Europe; compeititiveness must be improved - comments in Finland- Energy prices need to be kept under control. - Reiterates that debt should not be a shared responsibility. - ECB should focus on price stability and on the value of money
[10:51] {Threei}  market ignored these damaging comments
[10:51] {dolores} that would reverse the market
[10:52] {nemo} stop under .90
[10:52] {nemo} the markt is us...and since when do we have a grip on reality
[10:52] {nemo} crissakes my best friend is a bunny
[10:52] {Threei}  obviously market doesn't believe people thinking like Roessler will prevail
[10:52] {nemo} think I'm sane
[10:53] {Will49} EU politicians will keep the circus going for decades
[10:53] {ese} L dks .10
[10:53] {nemo} nah...bond market will determine how long it keeps going
[10:54] {dino} that may just be their goal will
[10:54] {Will49} for sure
[10:54] {nemo} mnst incredibly strong
[10:56] {Threei}  I don't believe they can
[10:56] {Threei}  they want, to be sure... but once again, and this is second time today,
[10:56] {Threei}  nemo's right
[10:56] {Threei}  sheesh, it hurts to type that
[10:57] {RonS} if that is painful what if...Les is right...the horror
06[10:57] * Threei faints
[10:58] {nemo} what did Les say?
[10:58] {nemo} frickin' guy has sex with wombats
[10:58] {RonS} hypothetical...
[10:59] {dino} panw
[10:59] {ese} rotflol
[11:00] {dino} back in ten
[11:02] {cipher} +.28 panw thx dino
[11:02] {Will49} thought panw was another acronym like BOHICA
[11:03] {dptl} lol Will
[11:04] {nemo} going higher it looks like
[11:05] {Threei}  NYSE volume 115M shares, about 29% below its three-month average; - NASDAQ volume 340M shares, about 7% below its three-month average
[11:07] {nemo} deck short .99
[11:07] {nemo} stop above .10
[11:07] {nemo} guess tna stop is .95 ish
[11:07] {Threei} Long Setup:  FCX  .40 break
[11:08] {Threei}  this one is based on an assumption that we started slow climb
[11:08] {nemo} taking another partial tna here
[11:08] {Threei}  of wrong, it'll torture us to death, or fail
[11:08] {nemo} stop .10ish
[11:08] {Threei}  biut so far so good
[11:09] {Threei}  stop under .30
[11:09] {Threei}  target .70
[11:10] {RonS} BREAKING: Knight Capital's Aug. 1 trading loss said linked to dormant software
[11:10] {RonS} more like doormat software...
[11:10] {nemo} oy
[11:13] {dptl} got to leave early.....see ya tomorrow all
[11:13] {RonS} cya dp
[11:13] {scottie} bye dp
[11:13] {Will49} take care
[11:16] {Threei}  take care dp
[11:17] {ese} dormant?.......wtf.....it was sleeping while the traders were tradin
[11:18] {ese} that ranks up there with some of the stupidist stuff i've ever heard
[11:19] {Threei}  PIMCO Gross: The Fed is where bad bonds go to die. Today it was 10-years. Tomorrow 30-years. Stay short my friends.
[11:20] {RonS} ...sounds like the dos equis dude...
[11:20] {Threei}  FCX switched in water torture mode
[11:21] {RonS} "my friends"
[11:21] {Threei}  yeah
[11:21] {ese} lol
[11:21] {Threei}  as Russian saying goes, Tambov's wolf is your friend
[11:22] {Threei}  kind of standard (and hostile) reaction to someone's unsolicited claim that he is your friwend
[11:22] {dino} lol ron
[11:23] {Will49} :)
[11:23] {nemo} August is the wrong trading month to ruin out of alcohol
[11:24] {Will49} it's also a poor month to learn how to trade
[11:24] {Will49} isn't it?
[11:24] {Threei}  why
[11:24] {Will49} please tell me it is
[11:25] {Threei}  you want to learn to trade in great market?
[11:25] {Threei}  many did in 1998 - 2000
[11:25] {Threei}  few of them are still trading
[11:25] {Threei}  so very few
[11:25] {nemo} frickin deck is water torture too
[11:25] {Will49} so, this is baptism by fire?
[11:25] {nemo} no
[11:25] {nemo} this is death by boredom
[11:25] {Threei}  which carries lesson in patience
[11:25] {Will49} easy for you big rollers to say
[11:26] {nemo} shit
[11:26] {nemo} dt's setting in
[11:26] {nemo} damn, got stopped out of tna and looks like spy aoub to pop
[11:26] {nemo} scratching deck
[11:26] {Will49} thanks Vad..I needed that
[11:26] {RonS} don't be talkin 'bout dino like that...
[11:26] {dino} i would not be a big roller in august markets
[11:26] {nemo} what's that 3 scratches today
[11:26] {nemo} no
[11:27] {nemo} you get rolled in august markets
[11:27] {nemo} that was a good one nemo
[11:27] {nemo} thank you
[11:27] {nemo} you're welcome
[11:27] {dino} lol
[11:27] {Will49} more, more...make me feel good :)
[11:27] {nemo} if this makes you feel good...
[11:27] {nemo} run
[11:27] {Threei}  while we have time in a slow trade, let's me reminisce on that a little
[11:27] {nemo} don't walk
[11:27] {nemo} to a psychiatrist
[11:28] {nemo} oh no
[11:28] {Threei}  my initial period of learning curve and heavy losses fell on 1996-1998
[11:28] {Will49} i need a physiotherapist after so much BOHICA
[11:28] {nemo} nah, just diapers
[11:28] {Threei}  so, when a great bull came about, I was already through the "total ignorance" period,
[11:28] {Threei}  nicely humbled and properly humiliated
[11:29] {nemo} Vad was the market's bitch
[11:29] {Threei}  Whe much easier times came about, I was able to benefit from them,
[11:29] {Threei}  but here is one strong impression from those times:
[11:29] {nemo} spy C&H
[11:29] {Threei}  there were a lot of newly minted traders,
[11:30] {Threei}  folks who got into markets when that untoppable run started
[11:30] {Threei}  unstoppable
[11:30] {Threei}  whose undestanding of what was happening was for the lack of better word, leaving to desire
[11:31] {Threei}  some of them were losing money by trying either to short the market
[11:31] {Will49} greed?
[11:31] {Threei}  or by buying breakouts after stroing spijeds instead of qwaiting for pullbacks or consolidations
[11:32] {Threei}  Others were making money but there was a catch:
[11:32] {Threei}  they did so by violating the rules of good trading
[11:32] {Threei}  for instance, staying long depsite strong move against them,
[11:33] {Threei}  which was still profitable thanks to a very forgiving market
[11:33] {Threei}  Mind you, there were folks who actually preached this kind of trading,
[11:33] {Threei}  1:1 FCX, half out
[11:34] {nemo} ncr
[11:34] {Threei}  saying that secret of success is go long and stay l,ong because "they will be back anyway"
[11:34] {Threei}  and actually attacking and berating folks like me for saying "keep your stops, waith for good entries etc"
[11:35] {nemo} l ncr .28
[11:35] {nemo} stop under .20
[11:35] {cipher} NCR L .29
[11:35] {nemo} offering .45
[11:36] {Threei}  Spring of 2000 rolled in and separated chaff from whatever it's supposed to separate chaff from
[11:36] {cipher} out 1/2 .40
[11:36] {Threei}  in couple years all those chasers refusing to take their stops were eliminated
[11:37] {Threei}  Ever since I
[11:37] {Threei}  a) am thankful that I started in tougher environment than the great bull of 1998-2000
[11:37] {nemo} o.k. stop to .30 ish
[11:37] {Threei}  b) see new arrivals that think everything happens for the first time and try to explain life to nme
[11:38] {Threei}  not in the least suspecting that it all already happened, many times before
[11:38] {Threei}  "ahh, markets are not reflecting reality anymore"
[11:38] {nemo} offering .58
[11:38] {Threei}  what a horse manuree
[11:38] {Threei}  they never did
[11:39] {nemo} let the rest run
[11:39] {cipher} out ncr in full .60
[11:39] {cipher} thx nemo
[11:39] {nemo} sure dude
[11:39] {Threei}  they reflected our collective opinion of what reality is
[11:39] {nemo} oh shit
[11:39] {nemo} seeing Jeff Bridges
[11:39] {Threei}  "ahh, computers distort the market"
[11:39] {dino} gj
[11:39] {Threei}  another dose of horse manure
[11:39] {Threei}  people program computers
[11:40] {Threei}  so computers act in accordnace of strategies those people deploy
[11:40] {Threei}  etc
[11:40] {Threei}  OK, done blabbing
[11:40] {Will49} tks Vad....very helpful (seriously)
[11:40] {Threei}  FCX stop is .,39 of course
[11:41] {nemo} for now
[11:41] {_robbers} And one more moral of story is:  "Nothing more dangerous than having your ignorance validated."
[11:41] {Threei}  hey... I am so stealing that!
[11:41] {Threei}  :)
[11:41] {nemo} you talking about marriage?
[11:41] {Threei}  I call that "random reinforcement"
[11:41] {Will49} OMG...they're onto me
[11:41] {Threei}  you break rules, market rewards you
[11:42] {Threei}  you start breaking rules every time
[11:42] {nemo} stop to .50 NCR
[11:42] {Threei}  until market destroys you
[11:42] {Threei}  NCR news
[11:42] {dino} seen that happen
[11:43] {_robbers} "Rules" are simply the odds.  That's how Vegas always wins in the long run.  And how traders do, too.  I guess.
[11:43] {Threei}  NCR Corp Discloses receipt of anonymous allegations from whistleblower concerning practices in China - filing- Received anonymous allegations from a purported whistleblower regarding certain aspects of the Company's business practices in China, the Middle East and Africa, including allegations which, if true, might constitute violations of the Foreign Corrupt Practices Act. NCR has certain concerns about the motivation of the purported whistleblower and the accuracy of the allegations it received, some of which appear to be untrue. - NCR takes all allegations of this sort seriously and promptly retained experienced outside counsel and began an internal investigation that is ongoing. NCR does not comment on ongoing internal investigations.
[11:44] {nemo} politicians will just hit them up for donations and it will all go away
[11:44] {Will49} we need more whistle blowers to offset the corrupt politicians and business leaders
[11:44] {nemo} o.k.  offering last....
[11:44] {nemo} .69
[11:44] {nemo} pulling
[11:44] {nemo} spy running
[11:44] {Threei}  FCX looks good for the next leg
[11:45] {nemo} small mako .38
[11:45] {nemo} stop to .59 ncr
[11:46] {nemo} oh oh...now I"m hearing Neil Diamond
[11:47] {Threei}  seeing Jeff Bridges. hearing Neil Diamond... strong stuff
[11:47] {nemo} Ride, come on baby ride...
[11:47] {nemo} His Dudeness
[11:47] {Threei}  :)
[11:48] {nemo} Mako.....
[11:48] {nemo} offering .54
[11:49] {nemo} cool, stop to .40
[11:49] {nemo} out below .60 ncr
[11:49] {nemo} gnite
[11:49] {nemo} whoa rinny
[11:51] {nemo} stop to .44 mako
[11:51] {nemo} coming into lunch
[11:51] {nemo} spy very sneaky...just about holding 15 minute trend line
[11:53] {Threei}  FCX, scalpers win
[11:53] {nemo} rax volume at retrace
[11:53] {nemo} tempting spot for bounce
[11:54] {nemo} mmhh bidding .64
[11:54] {nemo} no takey
[11:54] {nemo} must be some hidden orders...like mine ;-)
[11:57] {nemo} oh oh, mako
[11:59] {dino} dks drop
[11:59] {dino} sm l .61
[12:06] {scottie} Appointment with the doc, see you tomorrow
[12:06] {scottie} Thanks for the lesson Vad
[12:06] {scottie} I appriciate a lot
[12:06] {scottie} appreciate
[12:06] {Threei}  always
[12:06] {Threei}  I have a lot more where it came from... :)
[12:06] {Threei}  but nemo won't let me speak
[12:07] {scottie} nemo shut up
[12:07] {Threei}  nah... at least when he speaks we know where he is
[12:07] {Threei}  when he iks silent, watch your back - he may be sneaking up on you with rifle
[12:08] {scottie} Oh... and I told him where I live
[12:08] {dino} cya scott
[12:08] {scottie} dino
[12:19] {dolores} HD any short below .80?
[12:20] {Threei}  I'd try .90
[12:20] {Threei}  with stop above 55
[12:21] {dolores} ok
[12:21] {dolores} thxs
[12:33] {Threei}  1:1
[12:33] {Threei}  nice spot dolores
[12:34] {dolores} thxs
[12:34] {dolores} have to leave any moment for a while so covered
[12:34] {dolores} a bit soon
[12:34] {dolores} have been watching it for a while quite tricky today
[12:36] {dolores} up again
[12:43] {RonS} tcpg pulp
[12:47] {Threei}  (ES) EU's Rehn: Spain has not decided yet on whether or not to ask for aid, Spain is "keeping an open mind" - TV interview- Negative yields show that the euro zone is not doing very well.
[12:49] {dolores} RAJOY said today he does not discard the possibility of asking for aid if it is reasonable
[12:49] {dolores} that helped today the rate to 525
[12:50] {thomcbell} that was a decent down tick reading a few minutes ago
[12:50] {dolores} he is avoiding {ithink going  for the more difficult measures
[12:50] {dolores} pensions
[12:50] {dolores} and labor laws
[12:51] {dolores} he today extended the 400 euros aid that he had cancelled pushed by his own party
[12:51] {dolores} not by the democrats
[12:51] {dolores} his image has deteriorated a lot here in spain
[12:52] {Threei}  this just can't end well
[12:52] {dolores}  and wait when they sc... the investors from BANKIA
[12:52] {dolores} that will be a bomb for him
[12:52] {dolores} Bankia was his party doing and bank
[12:52] {Will49} wow Delores...you live in Spain?
[12:53] {dolores} and the investors are mainly people cheated by the bank into buying preference stocks
[12:53] {dolores}  like 80 year old people that always followed the advice of the banker
[12:53] {dolores} that is a scandal going on here
[12:54] {Will49} sorry Dolores...I just want to spell you name in North American
[12:54] {dolores} yes will I am used to it
[12:54] {dolores} no worries
[12:54] {dolores} my american friends all call me delores
[12:54] {Will49} where in spain do you live?
[12:54] {dolores} Mallorca
[12:54] {Will49} cool
[12:55] {Will49} is that Majorca on my map?
[12:56] {dolores} probably Balearic islands off barcelona's coast
[12:56] {Will49} yes
[12:58] {ese} wow............members on this board come from far and wide....Ireland, America, Switzerland, Spain, Canada and Boston
[12:58] {ese} opps....Russia
[12:59] {Threei}  Indonesia
[12:59] {ese} cool......which handle is from there
[12:59] {Threei}  and look, we co-exist peacefully
[12:59] {Threei}  well, excpet Boston guy
[13:00] {ese} sure .....unless the mrkt is beating us up......then it's and "eye for and eye"
[13:00] {dolores} well Boston guy seems to be learning from us lately
[13:00] {Threei}  unless you are from Boston - then it's two eys, nose and ear for his eye
[13:00] {dolores} he is being very nice and behaving himself
[13:01] {Threei}  you are killing him dolores
[13:01] {ese} definitely
[13:01] {dolores} JA JA
[13:01] {dolores} I know he cannot take praises !!
[13:01] {Threei}  he is twisting in pain on the floor when someone calls him nice
[13:01] {dolores} too much sensitivity
[13:02] {dolores} yes his trade are getting nicer even
[13:02] {dolores} " very nice trades"
[13:02] {Threei}  that's finer
[13:02] {Threei}  fine
[13:02] {Threei} Long Setup:  FAZ  .80 break
[13:02] {Threei}  If holds  .75
[13:04] {dolores} that HD resisting well today
[13:04] {dolores}  back to highs
[13:06] {Threei}  those in US who want Canadian-like healt care, have a quick look, and this is one of numerous stories
[13:06] {Threei}  http://goo.gl/yg4mC
[13:09] {thomcbell} that is terrible
[13:09] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzz
[13:10] {dino} zzzzzzzzzzzzzzzzzzzzzzzz
[13:10] {Threei}  let's offer half .87
[13:11] {thomcbell} i have to check out early today everyone - good luck
[13:11] {Threei}  take care tbell
[13:11] {Threei}  offer 1/4 more .91
[13:11] {Threei}  stop .79 of course
[13:11] {Threei}  "obviously"
[13:12] {thomcbell} yes Vad
[13:12] {thomcbell} later
[13:12] {Threei}  :)
[13:21] {Threei}  stop to .83
[13:26] {nemo} l tna break of .50
[13:27] {nemo} actually I'll take .46
[13:27] {nemo} stop under .40
[13:30] {nemo} offer .59
[13:31] {nemo} cool...stop under .50
[13:38] {nemo} oh well
[13:41] {nemo} bidu looks interesting
[13:46] {nemo} Horshack died
[13:47] {RonS} ...the father to Beavis & Butthead...
[13:48] {nemo} given the details in the story, I don't think he fathered anybody
[13:48] {RonS} conceptually...or was it Sqwiggy?
[13:48] {nemo} wonder if he and travolta were ever an item
[13:49] {nemo} oh...Lenny and Squiggy
[13:52] {nemo} sheesh arna
[13:53] {nemo} yeah thinkin I should have stuck with my original stop
[13:57] {Will49} aahhhh...able to rest trigger finger for a minute
[13:58] {nemo} wlt interesting
[13:59] {nemo} mnst
[14:04] {nemo} wow nflx
[14:04] {dino} nflx spike
[14:04] {nemo} wtf
[14:05] {Will49} moon shot
[14:05] {nemo} I ve got resistance between here and .40
[14:05] {dino} 62.63 r2
[14:06] {nemo} nuts
[14:06] {nemo} nutz
[14:06] {Will49} euphoria with capital E
[14:07] {dino} sm s .48
[14:07] {Threei}  upgrade
[14:07] {Threei}  by tier-1 firm
[14:07] {Threei}  shrug
[14:08] {dino} cov .18, +,.30
[14:08] {Will49} nice dino
[14:08] {dino} ty
[14:09] {nemo} whistled through the graveyard on that one
[14:09] {dino} a bit
[14:09] {dino} sm s .40
[14:09] {dino} stop -.31
[14:09] {Will49} ouch
[14:10] {Will49} got to keep whistling
[14:10] {dino} lol
[14:10] {nemo} yeah, but from which end
[14:10] {Will49} :)
[14:10] {dino} rinsed
[14:10] {nemo} nflx upgraded
[14:11] {nemo} shot here
[14:11] {Will49} in the temple
[14:11] {nemo} no in the brain...right through my ass
[14:12] {Will49} lol
[14:13] {dino} sm s .78
[14:13] {nemo} not making it easy
[14:14] {dino} bstop is .92
[14:15] {nemo} cnbc pumping nflx right now
[14:15] {Threei}  time to short then
[14:16] {dino} stop
[14:16] {Will49} you gunslinger you... dino
[14:16] {dolores} someone bought 10.5 stake in NFLX
[14:16] {dolores} Capital research global
[14:18] {dino} last try sm s .98
[14:18] {Will49} we're behind you 'till your nose bleeds
[14:18] {dino} bstop is .12
[14:19] {dolores} dino wnat are you shorting NFLX?
[14:20] {dino} y
[14:20] {RonS} thinking the mob taught everyone well:  New York settles probe of Standard Chartered for $340 million
[14:21] {Threei}  New York's financial regulator says his agency has reached a $340 million settlement with Standard Chartered Bank over allegations it schemed with the Iranian government to launder $250 billion from 2001 to 2007.
[14:21] {Threei}  f^%##(*&
[14:21] {dino} cov .65, +.33
[14:21] {Will49} good on ya dino
[14:21] {RonS} Standard shool down the Iranians, the Satae shook down Standard
[14:21] {dino} legalized extortion
[14:21] {Will49} not even a slap on the wrist
[14:21] {Threei}  I can't believe this
[14:22] {Threei}  everything is for sale
[14:22] {RonS} deMonet...harvey korman...
[14:22] {Threei}  they did it for years counting on fine equalling fraction of what they make
[14:22] {Threei}  and that's exactly what happened
[14:23] {dolores} KORS testing highs again
[14:24] {RonS} evidence of the twilight zone?  Energy companies failed to list more than two out of every five fracked wells in eight U.S. states
[14:24] {RonS} guessing that is where they are located...
[14:25] {cipher} mnst l .61
[14:26] {cipher} out 1/2 .74
[14:27] {dino} gj
[14:27] {dino} nflx sm s .90
[14:28] {cipher} out in full .80
[14:28] {Will49} cipher good call
[14:28] {cipher} ty
[14:29] {Threei}  OK, this is decidely the funniest thing I've read today
[14:29] {Threei}  Haters gonna hate. Haters haters are always gonna hate the haters.
[14:30] {dino} cov nflx .80, +.10
[14:30] {cipher} wow mnst
[14:30] {dino} pawn sm l .89
[14:30] {dino} panw
[14:33] {dino} damn nflx fooled me
[14:34] {cipher} panw +.17 thx dino
[14:34] {dino} triangle forming on nflx
[14:34] {dino} yw cipher
[14:35] {dolores} FCX .21?
[14:35] {Threei}  not sure...
[14:35] {dolores} ok
[14:35] {Threei}  something isn't right
[14:35] {dolores} looks weak
[14:36] {dino} osis drop
[14:37] {dino} all dayer out schn .10, +.20
[14:38] {Will49} .20 must seem like a dud trade to you, eh
[14:38] {dino} my 1:1 is .30 on sm
[14:38] {dino} so yeah, not what i wanted
[14:39] {Will49} I want to be you when I grow up
[14:39] {dino} careful for what you wish
[14:39] {Will49} or Vad....sorry Vad
[14:41] {dino} getting out of panw .20, partial, +.31
[14:41] {nemo} dks looks long here to .75 or so
[14:41] {dino} hope so, still in from way back
[14:42] {nemo} where Peabody?
[14:42] {dino} .61
[14:42] {nemo} 47.61?
[14:42] {nemo} oh..48.61
[14:42] {dino} 48.61
[14:43] {dino} panw all out
[14:43] {Threei}  starts feeling to me that we are more likely to get selloff into eod instead of traditional creep-up
[14:44] {nemo} and I'm thinking we hang right around here
[14:45] {dino} stop dks -.33
[14:46] {dino} amcx drop
[14:46] {Threei} Long Setup:  TZA  .60 break
[14:47] {dino} sm l .01
[14:47] {Threei} Short Setup: FCX  .10 break
[14:48] {ese} am back...........
[14:48] {nemo} fcx is rebate trading
[14:48] {ese} stopped out of dks a while back -.28  was small so no biggie
[14:50] {dino} stop amcx -.70 -.31
[14:50] {nemo} cipher...don't look at mnst
[14:52] {dino} amcx sm l .60
[14:57] {dolores} KORS breaking highs
[14:57] {dolores} took all day
[15:01] {dino} amcx is a pia
[15:06] {dolores} TZA still on?
[15:06] {Threei}  no
[15:06] {Threei}  idea is onm but not that entry
[15:07] {dolores} ok
[15:07] {Threei}  looking for pullback or re-consolidation
[15:12] {Will49} Gotta split..good luck...see you tomorrow
[15:13] {Threei}  take care will
[15:13] {Threei}  grr
[15:13] {Threei}  getting away
[15:14] {dino} heres your selloff
[15:14] {dolores} and FCX invalidated?
[15:16] {Threei}  kind of discretionary, invalidated by just one cent
[15:17] {dolores} seems wants to hold around low of the day
[15:17] {Threei}  right play was grabbing .20 on FCX and .53 on TZA...
[15:18] {dolores} yes but was on its way up
[15:18] {dolores} could have broken up as well
[15:21] {dino} amcx stop -.31
[15:24] {Threei}  both trades are valid again
[15:24] {Threei}  TZA .60 and FCX .10
[15:27] {dino} panw sm l .82
[15:31] {Threei}  lt's lose .80, SPY
[15:31] {Threei}  good boy
[15:32] {Threei}  FCX new low
[15:32] {Threei}  TZA half out
[15:32] {Threei}  .68
[15:33] {Threei}  FCX half out .03
[15:33] {Threei}  TZA 1/4 more out
[15:34] {Threei}  stops are .59 and .11 correspondingly
[15:34] {Threei}  got the theme of the closing right
[15:35] {Threei}  TZA out last piece +.18
[15:36] {Threei}  1/4 more out FCX .96
[15:39] {Threei}  out last FCX
[15:39] {Threei}  thank you all, have a good evening
[15:39] {Threei}  see you tonmorrow
[15:40] {dolores} bye VAD
[15:40] {dolores} thxs
15:41] {dino} cya vad