Tuesday, October 16, 2012

Oct 16 2012

Nice morning, very boring and empty afternoon, profitable and bored. Yes, promised article on boredom in trading is coming along. 

Session Time: Tue Oct 16 00:00:00 2012
[09:01] {goryl} gm
[09:02] {dino} gm
[09:09] {cipher} gm
[09:09] {scottie} good morning
01[09:10] {Threei}  good morning all
[09:14] {Beau} good morning
01[09:15] {Threei}  beau :)
[09:18] {Will49} gm guys
01[09:18] {Threei}  will :)
01[09:19] {Threei}  guys, look what trained by nemo bunny is actually like: http://goo.gl/XNbGk
[09:22] {ese} eeeyeowzaaaa
[09:22] {Will49} Romney VS Obama?
[09:22] {scottie} lol
01[09:23] {Threei}  lol
[09:23] {scottie} I see that Sulu is your friend
01[09:23] {Threei}  ese :)
[09:23] {ese} ok now that was funny
[09:23] {nemo} Well, one of your least favorite types of days is under way
[09:24] {ese} an up day?
[09:24] {nemo} gap up
[09:24] {ese} gap up
[09:24] {dino} yeah
[09:24] {ese} ya just beat me to it
01[09:30] {Threei} Short Setup: FCX  .70 break hl
01[09:31] {Threei}  If holds  .80
01[09:31] {Threei}  1:1 but with little chane to execute
[09:32] {robbers} Yeah, too jumpy
[09:32] {robbers} like the bunny.
01[09:32] {Threei}  stop to .76
01[09:33] {Threei}  better... clean 1:1
[09:36] {dino} isis hl l .00
[09:38] {dino} stop is .93
01[09:38] {Threei} Short Setup: FCX  .80 break
01[09:40] {Threei}  stop .88
[09:41] {nemo} lly
[09:42] {nemo} think it goes BOOM!
01[09:43] {Threei}  no go
01[09:43] {Threei}  AONE ended its suffering this morning announcing bankruptcy
[09:43] {ese} about time
[09:44] {ese} stupid ceo if ever i saw one
01[09:44] {Threei}  amazing how its fate was sealed on its IPO day
[09:44] {ese} yup i still remember that........
[09:44] {ese} can't forget the statement about diluting shares right off the bat
01[09:44] {Threei} Long Setup:  C  .70 break
[09:44] {ese} what an idiot
[09:45] {ese} L fcx .87
[09:45] {dino} i remember that. also i think obama admin provided funds
01[09:45] {Threei}  yes
01[09:45] {Threei}  another solyndra-like black hole
[09:45] {dino} he's quite the investor w/others peoples' money
01[09:45] {Threei}  stop under .60
01[09:46] {Threei}  well, those who claim government shouldn't pick winners got what they wanted - this goverment picks losers
[09:46] {dino} lol
01[09:47] {Threei}  1:1
[09:47] {dino} out c +.12 ty vad
01[09:47] {Threei}  yw
[09:48] {dino} out isis .47, +.47
[09:48] {nemo} hate this action can't get in anywhere
[09:49] {nemo} spy first target 145.12
01[09:49] {Threei}  1:2, out
[09:49] {scottie} +.18 tks Vad
[09:49] {robbers} Got this one, thanks.
[09:49] {nemo} lly will probably go all day
[09:49] {Will49} tks Vad +.6
[09:49] {Will49} .16
[09:50] {ese} gww really small .78
01[09:51] {Threei}  :)
[09:51] {ese} L
[09:51] {dino} was looking at that
[09:51] {thomcbell} wow C what a beast
[09:52] {ese} it's my 100 shs of excitement for today dino
[09:53] {dino} suckers wide even for me
[09:53] {ese} is it ever
[09:53] {nemo} I hate these days
01[09:54] {Threei}  finally, we found the treshold of dino risk tolerance!
[09:54] {cipher} gww l.80
[09:54] {ese} good enough for me out .55
[09:54] {dino} perhaps vad, perhaps
[09:55] {ese} bastard!..........look at that the instant i get out.........thats funny
[09:55] {dino} mnro hl l .86
[09:55] {ese} good luck with that C
[09:56] {dino} mnro stop is .64
[09:56] {ese} nah......don't think so vad..........nerves of steel on that boy
01[09:57] {Threei}  man... window in nemo's mind: http://goo.gl/lJSCZ
[09:57] {ese} ahhh cool my sell on fcx hit .01 +.14
[09:57] {cipher} out gww .10 +.30 damn
[09:57] {cipher} no fill
[09:58] {ese} it's a snake that thing cipher
[09:58] {cipher} was offering .60
[09:58] {cipher} prints above my offer
[09:58] {nemo} got that feeling euphoria about to hit
01[09:58] {Threei}  NAHB 41 v 41E
[09:58] {thomcbell} short setup qcom 59.74 break if holding 59.80
[09:58] {nemo} see if average news bought or sold
[09:59] {ese} who trades a stock like that anyway?...................gotta be a bunch of idiots
01[09:59] {Threei}  .Comments "The slight gain in builder confidence this month is an indication that, while still moving forward, the speed at which the housing recovery is proceeding is being moderated by the various constraints such as tight credit, difficult appraisals and more recently, the limited inventory of buildable lots in certain markets,"
[10:02] {thomcbell} qcom 1:1
[10:02] {cipher} GWW L.18
[10:02] {Will49} good eye thomc
[10:03] {cipher} out 202.30 +1.12
[10:04] {ese} wow...........gj
[10:04] {Will49} up to your old tricks eh cipher?
[10:04] {cipher} just doing my thing
[10:04] {Will49} some thing!
[10:04] {dino} gj
[10:04] {thomcbell} firehose defintely on
01[10:05] {Threei} Short Setup: CAT  .80 break
01[10:05] {Threei}  If holds  .90
01[10:07] {Threei}  starts looking like two-sided
[10:08] {nemo} grind up day
01[10:08] {Threei}  my personal preferences are still on a short side
01[10:08] {Threei}  but yeah, we have this slow grind up
[10:09] {scottie} in l .92
[10:09] {nemo} spy setting up for another run up
[10:09] {nemo} it has to test the downard trend on the daily
01[10:09] {Threei}  keep .84 stop scottie
01[10:10] {Threei}  no need to give it too much room
[10:10] {nemo} cat and spy attached at the hip
01[10:11] {Threei}  take first partial here
01[10:11] {Threei}  nice easy 1:1
01[10:14] {Threei}  1:2
[10:14] {scottie} out +.18 tks Vad
01[10:14] {Threei}  not overly avtive but nicely profitable day so far
[10:14] {Will49} good one scottie
[10:14] {robbers} wtg
[10:14] {scottie} :)
01[10:14] {Threei}  avtive? who designs keyboards like that
01[10:15] {Threei}  each letter has so many others neighboring it...
[10:15] {Will49} lol
[10:16] {robbers} Vad, I figured out what erases the letters on your keyboard.  It's the vodka sweating through your fingertips.
01[10:16] {Threei}  hmmm
[10:16] {Will49} :D
01[10:16] {Threei}  what a waste of a product if so...
01[10:17] {Threei} Short Setup: SLW  .65 break
01[10:18] {Threei}  If holds  .75
01[10:18] {Threei}  1:1
01[10:23] {Threei}  stop to .61 for the balance
[10:24] {nemo} lBBBY
[10:24] {nemo} BBBY
01[10:25] {Threei}  come on nemo... l and b are nowhere even close... you are mamking my typing look better
01[10:26] {Threei}  and that's not a small feat
[10:27] {cipher} aapl l.11
[10:29] {cipher} out -.29
[10:37] {nemo} short bbby
[10:38] {nemo} stop above .40
01[10:40] {Threei}  as often happens on slow climb days, activity is very low
01[10:41] {Threei}  way lower than yesterday
01[10:41] {Threei}  glad we got our best plays early
01[10:42] {Threei}  The conviction of Osama bin Laden�s former driver, Salim Ahmed Hamdan, by a military commission for supporting terrorism was thrown out by the U.S. Court of Appeals in Washington.
[10:43] {scottie} vmed l .35 ?
01[10:43] {Threei}  not my cap of tea
[10:43] {scottie} ok
[10:47] {nemo} partialed bbby
[10:47] {cipher} gww l.30
[10:48] {nemo} new setup below .10
[10:48] {nemo} if it holds .20
[10:49] {cipher} out .35 +1.05
[10:49] {cipher} had enough today
01[10:49] {Threei}  (ES) Germany lawmaker Meister responds to earlier reports that Spain was applying for a precautiounary credit line; comments were 'overinterpreted'
[10:49] {cipher} cya tom
01[10:50] {Threei}  take care cipher, great job
01[10:50] {Threei}  there you go - see this suden spike down in SPY?
01[10:50] {Threei}  reaction on this headline
[10:50] {thomcbell} long setup C - 0.75 break if holding 0.65
01[10:50] {Threei}  so, market outlook is clear - climb on hints or news of Spain bailout
01[10:51] {Threei}  drop if it doesn't happen, or gets postponed
01[10:51] {Threei}  A press article earlier today noted that Spain said to be preparing to make a formal rescue request in order that the ECB can start buying its debt; Request is being delayed by its impact on other countries and according to a senior official within the Economic Ministry, Spain did not require any money from the ESM, but would be comfortable making a request for a credit line to satisfy ECB conditions to begin buying bonds
01[10:52] {Threei}  theater of absurd
[10:56] {thomcbell} got a brief 1:1 on C
[10:58] {thomcbell} got a brief 1:2 on C
[10:58] {thomcbell} lol
01[10:59] {Threei}  that's new... "brief target" :)
[10:59] {Will49} tks Thomb +.16
[11:00] {dino} gj
[11:00] {thomcbell} tu
[11:01] {scottie} +.15 tks tbell :)
01[11:02] {Threei}  can we call those "brief profits"?
[11:02] {scottie} I guess so, lol
[11:03] {Will49} hey, at my stage brief is good
[11:03] {nemo} stop above .30 bbby
[11:08] {scottie} ko l .90 stop .85 ?
01[11:08] {Threei} Short Setup: LVS  .75 break
01[11:08] {Threei}  If holds  .80
[11:08] {scottie} forget ko
01[11:08] {Threei}  KO, yes
01[11:08] {Threei}  why
01[11:08] {Threei}  looks good to me
01[11:09] {Threei}  and moves nicely
[11:09] {scottie} Should have :(
[11:11] {thomcbell} nice C
[11:11] {thomcbell} stop to 36.94 on balance
01[11:12] {Threei}  Invalidated  LVS
[11:17] {thomcbell} flat C
01[11:42] {Threei} Long Setup:  KO  38 break
01[11:44] {Threei} Short Setup: LVS  .80 break
01[11:44] {Threei}  If holds  .85
[11:53] {dino} rlgy spike
01[11:57] {Threei}  no news that I see
[12:05] {nemo} grind up and up and up and up
[12:07] {nemo} 146.03 is r3, if they can get it above their, likely to be major stop popping, so they'll probably try to push it
01[12:11] {Threei}  real yawn
01[12:11] {Threei}  hate these slow climb days
01[12:11] {Threei}  give me Spain exiting EU and corresponding market drop any day
[12:12] {dino} hl l isis .70
01[12:13] {Threei}  http://goo.gl/NZUA7
01[12:31] {Threei}  (GR) Greece Labor Min: talks are continuing with the Troika- Reminder: Earlier reports circulated that Greece talks with the Troika had broken down over some sticking points and that the parties had walked out
01[12:31] {Threei}  sigh
[12:37] {dino} stop isis .74, +.04 don't like the drop
[12:43] {nemo} indexes setting up for an afternoon run-up
[12:45] {dino} back in hour
01[13:03] {Threei} Short Setup: CAT  .50 break
01[13:11] {Threei}  Invalidated
[13:12] {scottie} apol l .55 if holds .50 ?
01[13:12] {Threei}  tough call
[13:12] {scottie} ok
01[13:13] {Threei}  can't tell, this stock is a bit too volatile for 5 cents stop
01[13:13] {Threei}  see the spread?
[13:14] {scottie} yes
[13:14] {scottie} Can drop .10 .15 very quickly, that's what you mean ?
01[13:15] {Threei}  pretty much, a stop can't be this tight on a stock with natural volatility this high
01[13:15] {Threei}  its acidental move can be wider than that
01[13:36] {Threei}  the slowest day in October
[13:55] {scottie} hes l .05 ?
01[13:55] {Threei}  yup
01[13:55] {Threei} Long Setup:  GLD  .15 break
01[13:56] {Threei}  If holds  .05
[14:15] {nemo} boune time
[14:16] {goryl} see u all tomorrow
01[14:16] {Threei}  take care goryl
[14:16] {nemo} could be two way
[14:17] {nemo} lotta volume came in
01[14:18] {Threei}  #Massachusetts: #Obama 57%, #Romney 42%
[14:18] {nemo} no surprise
[14:18] {dino} expected, liberal state
[14:18] {nemo} The US home of Communism is Cambridge, MA
01[14:19] {Threei}  as a consolation,
01[14:19] {Threei}  #Indiana: #Romney 54%, #Obama 41%.
01[14:33] {Threei} Long Setup:  MOS  .55 break
01[14:33] {Threei}  If holds  .50
01[14:43] {Threei}  MOS looks ready
[14:50] {Will49} get ready, get set. get set, get set, get set
01[14:51] {Threei}  insert a few "fall asleep, wake up" inbetween
01[14:53] {Threei}  invalidated... as you were
[14:54] {scottie} leaving now, see you all tomorrow, tks Vad
01[14:54] {Threei}  take care scottie
01[14:58] {Threei}  (ES) Spain PM Rajoy reportedly informs Germany's Merkel that rumors of credit line plans are inaccurate
01[14:58] {Threei}  will this bunch of idiots ever stop this incessant chatter?
[14:59] {Will49} Vad, where did dpti get to?
01[15:00] {Threei}  said would be back soon, no specific reason
01[15:00] {Threei}  his personal situiation is rather complicated, I don't ask
[15:01] {Will49} I was just hoping he was alright
[15:02] {Will49} We have to take care of the few Canucks in our room:)
01[15:02] {Threei}  he didn't sound panicked or anything like that
01[15:03] {Threei}  [20:15] {dptl} Hey Vad....well looks like i have to take a little break again
01[15:03] {Threei}  hopefully come back in a month or too (i hope).
[15:03] {Will49} thought he just had to go pee
01[15:03] {Threei}  [20:15] {dptl} will visit the room from time to time :)
[15:03] {Will49} tks
01[15:12] {Threei}  btw, notice how he spells "two"
01[15:12] {Threei}  does my typing rubs off of people or what
01[15:12] {Threei}  "month or too"
[15:13] {Will49} if you can only spell a word one way, you're not very creative
01[15:14] {Threei}  true - I came to the same conslusion when managed to spell "bread" as "beer"... was very proud
[15:14] {Will49} :)
[15:15] {robbers} Or spell water as vodka.
[15:15] {Will49} robbers, you've really got Vad's number
01[15:15] {Threei}  well, I am not venturing into area claimed by holy trinity members
[15:15] {robbers} Just joking around.
[15:16] {Will49} me too
01[15:16] {Threei}  turning water into liquors...
[15:16] {Will49} Vad doesn't smoke drink or chase women...oh well, 2 out of 3 isn't bad
[15:17] {Will49} :):D
01[15:18] {Threei}  well, I don't smoke anymore
[15:18] {Will49} lol
01[15:18] {Threei}  drink only socially
[15:18] {Will49} and????
01[15:18] {Threei}  as for women - why would one need to chase them??
[15:18] {Will49} lol
01[15:18] {Threei}  I mean, since when do they run away?
[15:19] {robbers} I only drink socially, but it's usually alone.
[15:19] {Will49} get your mind off the skirts and back on you scanner:)
01[15:19] {Threei}  hey, as long as there is nirror nearby, you are fine
[15:19] {nemo} sheesh sbux
01[15:19] {Threei}  mirror
01[15:20] {Threei}  nemo, you mentioned 146.03 for SPY earlier
01[15:21] {Threei}  look at daily, draw the line through the highs of 09/14 and 10/05
[15:21] {nemo} yeah saw that earlier
01[15:22] {Threei}  wherever this bounce touches that line is my resistance level to determine trend change or continuation
01[15:31] {Threei}  OK, last attempt to find something:
01[15:31] {Threei}  LVS, two-sided setup
01[15:32] {Threei}  .80 - .85
01[15:35] {Threei}  first partial .92 - .93
01[15:36] {Threei}  out
01[15:36] {Threei}  stop to .84
01[15:36] {Threei}  offering second half .97 - .98
01[15:38] {Threei}  out
[15:39] {Will49} tks Vad...nice finish
01[15:39] {Threei}  yw
01[15:39] {Threei}  let's end on this, this was boring and exhausting albeit prfitable day
01[15:39] {Threei}  thank you all, have a good evening
01[15:39] {Threei}  see you tomorrow
[15:40] {cc_8} nice
[15:49] {nemo} just to be assholes they'll push it to new highs
[15:53] {nemo} more upside tomorrow
[15:53] {dino} thx all, decent morning, dead afternoon. gn
[15:54] {nemo} should open above 146 to chase stops