Thursday, October 18, 2012

Oct 18 2012

Not really delighted by today. Nothing too bad, just listless, and slightly negative.


Session Time: Thu Oct 18 00:00:00 2012

[08:59] {cipher} gm
01[08:59] {Threei}  morning cipher
[09:08] {goryl} gm
01[09:09] {Threei}  goryl :)
[09:13] {nemo} well, saw a fisher cat, a 6 pointer, and a mink this morning
01[09:14] {Threei}  eventful morning
[09:14] {nemo} Nice watching the daybreak out in the woods
[09:15] {jackharry} good morning
[09:16] {nemo} ahhhh, the perfidious albion
01[09:16] {Threei}  jack :)
[09:17] {nemo} actually I guess you'd be the perfidious Hibernian
[09:17] {jackharry} Ah, you're treading into the murky world of Northern Ireland politics there!!
[09:18] {scottie} good morning
[09:18] {Beau} good morning
[09:18] {nemo} from a safe distance of course
01[09:18] {Threei}  scottie, beau :)
[09:18] {jackharry} the best place sometimes i think
[09:18] {nemo} Actually, I live in Ireland South
[09:20] {jackharry} Really?? Where?
[09:21] {Will49} gm
01[09:21] {Threei}  will :)
[09:29] {ese} gm
01[09:29] {Threei}  ese :)
[09:30] {ese} L fcx .11   cool got filled
[09:30] {nemo} bunny decided to make an appearance for the open
[09:30] {ese} out .26
[09:30] {ese} +.15
01[09:32] {Threei} Short Setup: SLW  .70 break
01[09:32] {Threei}  If holds  .80
[09:33] {nemo} liquidity issues this morning
01[09:33] {Threei} Short Setup: FCX  .20 break
01[09:33] {Threei}  If holds  .30
01[09:34] {Threei}  Invalidated  FCX
01[09:34] {Threei}  SKW no worky
[09:34] {nemo} finnies stronger
[09:34] {nemo} we going up
01[09:37] {Threei} Long Setup:  FCX  .35 break
[09:38] {nemo} gmcr
[09:39] {nemo} 25.40ish today
01[09:39] {Threei}  FCX valid
01[09:40] {Threei}  target 1:2
[09:40] {nemo} oh jeez, this is a faint...ebay reported terrible numbers and is up 1.66
[09:40] {nemo} a feint
[09:40] {nemo} feignt
[09:40] {nemo} not sure
01[09:40] {Threei}  stop is under .25, "obviously"
01[09:41] {Threei}  trail to .29
01[09:42] {Threei}  grr
01[09:42] {Threei} Long Setup:  LVS  .65 break
01[09:43] {Threei}  overtightened FCX
01[09:45] {Threei}  LVS 1:1
[09:45] {scottie} +.19 tks Vad
01[09:45] {Threei}  :)
01[09:46] {Threei}  can I have FCX back?
01[09:46] {Threei}  out in full LVS
[09:48] {nemo} ebay .7 bid
[09:48] {nemo} .97
01[09:50] {Threei} Short Setup: FCX  .50 break
01[09:50] {Threei}  If holds  .60
[09:51] {nemo} probably tops out around .80
01[09:53] {Threei} Short Setup: MOS  .45 break
01[09:54] {Threei}  Invalidated
01[09:57] {Threei} Long Setup:  MON  .65 break hl
01[09:58] {Threei}  1:1
[09:58] {scottie} too fast for me :(
[09:58] {Will49} as me
[09:59] {nemo} philly fed
[09:59] {nemo} leading indicators
01[09:59] {Threei}  *(US) OCT PHILADELPHIA FED: +5.7 V 1.0E
[09:59] {nemo} wow
[09:59] {ese} hmmmmm got out of fcx too soon
01[10:00] {Threei}  *(US) SEPT LEADING INDICATORS: 0.6% V 0.2%E
[10:00] {ese} Fed number is huge
[10:00] {ese} pretty much answers the question about the economy recoverying or not
01[10:01] {Threei}  look at components ese:
01[10:01] {Threei}  Components: - Prices Paid: 19 v 8 prior - New Orders: -0.6 v 1.0 prior - Employment: -10.7 v -7.3 prior - Inventories: +2.1 v -21.7 prior
[10:01] {ese} ahhhhhhh....maybe not..........thats only one of them isn't it
01[10:01] {Threei}  that answers it
01[10:01] {Threei}  read components
[10:01] {cipher} ebay l .10
01[10:01] {Threei}  orders zre dow, employment is down'
01[10:01] {Threei}  prices are up
[10:02] {ese} never read that part before
01[10:02] {Threei}  this is recovery??
01[10:02] {Threei}  this is inflation
[10:02] {cipher} out 1/2 ebay .30
[10:02] {Will49} it's only Obummer's prospects that are recovering
[10:02] {ese} I bow to your superior knowledge
[10:03] {cipher} out ebay in full .40 +.30
01[10:03] {Threei}  and not to spil your psrty completely, but how about this:
01[10:03] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 388K V 365KE; CONTINUING CLAIMS: 3.252M V 3.275ME- 4-week avg claims: 365.5K v 364.0K w/w - Prior Initial Jobless Claims revised higher from 339K to 342K - Prior Continuing Claims revised higher from 3.273M to 3.281M
[10:04] {cipher} thx for the heads up nemo
[10:04] {nemo} ye
[10:05] {scottie} bbt l .50 ?
01[10:06] {Threei}  I don't like it
[10:06] {ese} es duck and cover
[10:06] {scottie} tks
01[10:06] {Threei}  don't fall into trap of seeing what you want to see, ese...
[10:06] {cipher} AAPL L .22
[10:06] {ese} vv is brutal this morning
01[10:07] {Threei}  your guy is clueless when it comes to economy
[10:07] {ese} "Vads Vengence"
01[10:07] {Threei}  not me ese... reality is brutal
01[10:07] {Threei}  I merely highlight it
[10:07] {cipher} out appl .21 -.01
[10:08] {ese} ah well.......doesn't matter really whet the market is doing i'm going to make money anyway
01[10:08] {Threei}  I think BBT has more downside
[10:08] {scottie} break of .40 ?
01[10:08] {Threei}  I think so
[10:09] {cipher} aapl l .20
01[10:10] {Threei}  invalidated anyway
[10:10] {scottie} yep
[10:13] {cipher} out 1/2 aapl .20 +1
01[10:13] {Threei}  wtg
[10:13] {Will49} love to watch you gunslingers cipher
[10:13] {Beau} clf l .10 ?
[10:14] {nemo} ebay back near the whole
01[10:15] {Threei}  CLF, half lo
[10:16] {cipher} out rest aapl .50 +.30
01[10:16] {Threei}  invalidated though
01[10:17] {Threei} Short Setup: MS  .15 break
01[10:17] {Threei}  If holds  .25
[10:19] {nemo} ebay should bounce around .80
01[10:20] {Threei}  stop to .21
[10:20] {cipher} meli l .80
[10:21] {cipher} tna l .80
[10:21] {nemo} bastid I got .81
[10:23] {cipher} out 1/2 tna .90
01[10:24] {Threei} Short Setup: JPM  43 break
01[10:24] {Threei}  If holds  .10
[10:24] {cipher} out rest .81
[10:24] {nemo} mmhhh, only .06 stop
[10:24] {nemo} out
[10:24] {cipher} out meli .00 +.20
01[10:26] {Threei}  ket's scratch MS
01[10:26] {Threei}  no clear setup anymore
[10:27] {scottie} out flat
[10:27] {scottie} jpm still valid ?
01[10:28] {Threei}  JPM is actually two-sided
01[10:28] {Threei}  . 10 break long
[10:29] {cipher} meli l .92
[10:29] {cipher} tna l .80
[10:30] {cc_8} Netflix Launches In Sweden, Denmark, Norway And Finland
[10:31] {scottie} rvbd l 21 ?
01[10:32] {Threei}  I think so
01[10:32] {Threei}  World Trade Organization (WTO) rules in favor of US in steel case against China
[10:33] {dino} mlnx sm l .18
01[10:33] {Threei}  glad we scratched MS
[10:34] {dino} mlnx stop -.22
[10:36] {cipher} meli stop -.25
[10:37] {dino} bbt l .60
[10:38] {nemo} asml looks short
[10:39] {cipher} asml s .55
[10:40] {cipher} cov 1/2 +.10
[10:40] {nemo} I like the fig eventually
01[10:40] {Threei}  somewhat listless day so far
[10:40] {dino} algn hl l .50
[10:41] {cipher} cov rest asml .43 thx nemo
[10:41] {nemo} sure
[10:41] {nemo} think it keeps going
[10:42] {cipher} meli l .24
[10:42] {dino} out algn .80, +.30
[10:43] {nemo} see that volume asml, can't push it above, look out below
[10:45] {cipher} tna l .80
[10:46] {nemo} spy looked to weak for me to take tna
[10:46] {nemo} fas
01[10:46] {Threei}  I have to say, this is the least October-like October I've ever seen
[10:47] {nemo} sorry
[10:47] {nemo} It's an October worse than august
[10:47] {nemo} doji on asml
01[10:47] {Threei}  what I mean is, normally market is very determined in Oct
01[10:48] {Threei}  Sept is more confused, looking for direction,
[10:48] {nemo} yeah well Europe, elections and indeterminate earnigs so far
01[10:48] {Threei}  but by Oct market has made up its mind and executes very decidely
01[10:49] {Threei}  this jellyfish-like spooked trading is very unusual for this month
01[10:49] {Threei}  all you listed, yes, plus one more important factor
[10:49] {nemo} btw...83.66 is MOnthly Pivot on IWM
[10:49] {nemo} please...do tell
01[10:50] {Threei}  we got where we got thanks to enormous monetary injection
01[10:50] {Threei}  very unnaturally
[10:50] {nemo} ahhh yes, and there is no more guesswork regarding the clam
[10:50] {dino} out bbt .74, +.14
01[10:50] {Threei}  artificial molve thasnks to intervention ryuins natural instincts of participants intervention
01[10:51] {Threei}  ummm... typing suddenly broke down severely in that line, lol
[10:51] {nemo} DTs?
01[10:51] {Threei}  let me try again
01[10:51] {Threei}  artificial move thanks to intervention ruins natural instincts of participants
[10:52] {nemo} spy at pivot iwm .06 away from pivot
01[10:52] {Threei}  instead of looking at normal factors helping in decision-making, they all focus now on the next round of injection
[10:53] {nemo} aapl short below the fig,
[10:54] {nemo} or play for long break above .50
[10:55] {dino} ltm hl l .51 ave
[10:55] {nemo} Qs IWM walking along MPP SPY at daily pivot
[10:55] {nemo} must be scary stock for dino to take a half lot
[10:55] {cipher} out 1/2 tna .10 +.30
01[10:56] {Threei}  wtg
[10:57] {cipher} ty
[10:59] {nemo} lrcx energizer bunny in 1st gear
01[11:01] {Threei} Long Setup:  CAT  87 break
01[11:01] {Threei}  If holds  .90
01[11:01] {Threei}  target 1:3
01[11:02] {Threei}  let's go kitty
01[11:03] {Threei}  you can do it
01[11:03] {Threei}  1:1
[11:03] {cipher} out 1/4 tna .30 +.50
01[11:04] {Threei}  gj
01[11:06] {Threei}  scalpers win
01[11:06] {Threei}  too bad, this looked like much more than a scalp
[11:07] {nemo} nothing much more than a scalp unless you're buying support today
[11:08] {cipher} tna reload .21
[11:09] {dino} out ltm .81, +.31
[11:09] {dino} opps +.30
[11:09] {cipher} out tna in full .35
[11:09] {nemo} are you sure?
[11:10] {cipher} scaling out of meli .73 +.49
[11:12] {dino} lol
[11:12] {scottie} rvbd stopped -.14
[11:14] {nemo} turning into a grind up day
[11:14] {cipher} out remainder meli .57 +.33
[11:19] {dino} gj
[11:20] {nemo} vmw could be short here
[11:26] {scottie} do you have a target on jpm ?
[11:27] {nemo} vmw gap starts below .32
01[11:27] {Threei}  I don't know what to say
01[11:27] {Threei}  let me put it this way:
01[11:27] {Threei}  my target is that it works at all :)
[11:28] {scottie} :)
[11:50] {nemo} spxu
06[11:53] * Threei kicks JPM in the rear
01[12:00] {Threei}  well
01[12:00] {Threei}  we always knew violence works, right?
01[12:00] {Threei}  I don't know whether it has more upside
01[12:00] {Threei}  I am out
01[12:09] {Threei} Long Setup:  MON  .65 break
01[12:09] {Threei}  hl
01[12:09] {Threei}  If holds  .55
[12:21] {Will49} just not my day
01[12:22] {Threei}  not anyone's in particular I suspect
[12:22] {Will49} actually just not my month:)
[12:23] {Will49} Vad, when this happens, should a newbee keep on taking the alerts for practice or call it a day to keep the losses in check; much like a stop?
01[12:23] {Threei}  I'd simply cut size a bit
01[12:24] {Threei}  or switched to paper
[12:24] {Will49} ok tks
[12:30] {nemo} mmhhh, bullflags indexes
[12:30] {nemo} maybe not
01[12:30] {Threei}  nope
01[12:31] {Threei}  Google Inc Reports Q3 $9.03 v $10.63e, R$14.1B v 11.9Be
01[12:32] {Threei}  that's why
01[12:32] {Threei}  Jobless man sets himself on fire outside Italy presidential palace
[12:34] {nemo} knock down the unemployment rate a bit
[12:36] {nemo} so, they invested alot last quarter...huge revenue beat
01[12:40] {Threei} Short Setup: LVS  46 break
01[12:41] {Threei}  If holds  .10
01[12:51] {Threei}  what the deuce
01[12:56] {Threei}  die LVS
01[12:57] {Threei}  let's trail to .06
01[13:06] {Threei}  half out
01[13:06] {Threei}  fina-frikin-lly
01[13:09] {Threei}  look at GOOG's red candle on daily
01[13:13] {Threei}  1:2
01[13:13] {Threei}  1/4 more out
01[13:13] {Threei}  just when you wrote me off for the day eh?
[13:14] {Will49} and just when I started scalping half lots:)
[13:14] {Will49} Tks Vad  good call
01[13:14] {Threei}  yw
[13:19] {scottie} trip s .40 ?
01[13:20] {Threei}  smaller shares
01[13:20] {Threei}  thin one
[13:23] {scottie} in .38
[13:26] {nemo} we should regain all the losses
01[13:27] {Threei} Long Setup:  CAT  87 break
01[13:27] {Threei}  If holds  .90
01[13:29] {Threei}  btw nemo, I just realized
01[13:29] {Threei}  you promised end of the world on Dec 2?
01[13:29] {Threei}  22
01[13:30] {Threei}  vhange CAT trigger to .90 break
01[13:30] {Threei}  change
[13:37] {nemo} 21st 8:00 pm GMT
[13:37] {dino} bbt l .50
[13:37] {nemo} Anyway, market might be jittery until GOOG announcement
[13:38] {nemo} market thinks there's something to it
[13:38] {nemo} Now if aapl punts...ARMAGEDDON here we come!!!!
[13:39] {nemo} Yahooooooooooooooooooooooooooo!!!!!!!!!!!!!
[13:39] {nemo} Anarchy
[13:39] {nemo} Despair
[13:39] {nemo} Have to watch Lord of the Rings again
01[13:39] {Threei}  that's great
01[13:40] {Threei}  means I'll meet that date on Hawaii
01[13:40] {Threei}  could think of worse places to observe the end of the world from
[13:41] {nemo} I heard Hawaii will be inundated by a Tsunami right after the volcano blows up the chain
[13:42] {nemo} Say "bye" to Kaimu for me, I'm headed to Mongolia with Al
[13:42] {nemo} rats should start deserting the ship about now
[13:43] {Will49} ship of fools will never be deserted
[13:43] {nemo} Hehehehehe....ever read Mencken?
[13:43] {Will49} no
[13:44] {nemo} wrote for the Baltimore Sun...cynical bastard...my hero
[13:44] {Will49} only read Tom Sawyer
[13:45] {Will49} but I'm as cynical as they come
[13:45] {dino} meli sm l .53
01[13:46] {Threei}  Google Inc Confirms Q3 earnings filing was filed early in error; RR Donnelly filed without authorization - Google blog- Notes the company is still finalizing the earnings document. - "Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document. Once it's finalized we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30PT."
01[13:47] {Threei}  way to add to confusion
[13:47] {Will49} shhheeesh
[13:48] {dino} dxpe drop
[13:49] {dino} meli stop -.24
01[13:51] {Threei}  finally TRIP
[13:51] {scottie} yeah
[13:52] {scottie} half out
01[13:58] {Threei}  rofl
01[13:58] {Threei}  http://www.romneytaxplan.com/
01[13:58] {Threei}  this stupid but funny as hell
[13:59] {scottie} lol
01[14:00] {Threei}  also, the funniest post-debate image: http://patterico.com/files/2012/10/Clinton-Binders-of-Women.jpg
[14:00] {nemo} http://www.businessinsider.com/heres-why-googles-stock-tanked-analysis-2012-10
01[14:01] {Threei}  gosh... this guy won't quit his stupd anal;ysis, ever
01[14:01] {Threei}  The stock is not tanking because the earnings leaked early. If the earnings were good, the market would ignore that.
01[14:01] {Threei}  Read more: http://www.businessinsider.com/heres-why-googles-stock-tanked-analysis-2012-10#ixzz29fu6bUKL
01[14:01] {Threei}  really?
01[14:01] {Threei}  and we thought earl;y release is the reason for stocks to drop, always
[14:02] {dino} meli sm l .19
[14:05] {scottie} bad trip, out
[14:16] {dino} out meli .63, +.44
01[14:17] {Threei}  wtg
[14:17] {Will49} applause
01[14:17] {Threei} Long Setup:  MON  .50 break hl
01[14:17] {Threei}  If holds  .40
01[14:20] {Threei}  Invalidated  MON  for now
01[14:20] {Threei}  may reestablish
[14:31] {dino} bto some bbt nov calls
[14:36] {scottie} becn .95 l ?
01[14:44] {Threei}  hard to tell
[14:45] {scottie} ok
01[14:52] {Threei}  can I change my answer to yes? :)
[14:52] {nemo} aapl looks very short
[14:53] {Will49} please join my woulda, coulda, shoulda world
[14:53] {scottie} Stubborn me jumped in at .97, out at .15 +.18 :)
01[14:53] {Threei}  :)
[14:53] {Will49} stubborn is as stubborn does
[14:53] {Will49} whatever that means
[14:54] {Will49} good instincts scottie
[14:54] {dino} thought it was stupid
[14:54] {scottie} guts feeling whatever that is
[14:54] {Will49} dino...play nice!
[14:54] {dino} as in studid is as stupid does, forest gump
[14:55] {Will49} ooops..sorry dino
[14:55] {dino} lol
01[14:56] {Threei}  I heard they want to re-make it...
[14:56] {Will49} mitt could play the lead
01[14:57] {Threei}  instead of "life is like box of chocolates" new line will be "life is like binders full of women"
[14:57] {Will49} lol
[14:57] {Will49} although he may win in spite of himself
[14:57] {scottie} lol dino
[14:58] {Will49} was just trying to protect you scottie from the bullies:)
[14:59] {Will49} although the bully-in-chief has been quite lately
01[14:59] {Threei}  let's see if we can wake him up
06[14:59] * Threei slaps nemo around a bit with a bottle of vodka
[15:00] {scottie} If I need to be protected against bullies, I have nothing to do here, :)
[15:00] {Will49} ;)
01[15:00] {Threei}  it's just will's way to bully bullies
[15:01] {Will49} whaaaa
01[15:01] {Threei}  today's Gallup, Romeny 52, Obama 45
[15:02] {nemo} since when did a Gypsy get in the race
[15:02] {Will49} lol
01[15:02] {Threei}  lol
01[15:07] {Threei} Long Setup:  VRNG  ,30 break
01[15:08] {Threei}  If holds  .25
03[15:13] * Retrieving #discussions modes...
01[15:15] {Threei}  Google Inc Publishes formal Q3 earnings press release, confirms the numbers in the premature release of the filing; adds CEO comments - CEO comments: We had a strong quarter. Revenue was up 45 percent year-on-year, and, at just fourteen years old, we cleared our first $14 billion revenue quarter, said Larry Page, CEO of Google. I am also really excited about the progress were making creating a beautifully simple, intuitive Google experience across all devices.
01[15:16] {Threei}  (EU) Germany attempting to delay the Banking supervision plan at EU summit - financial press- Reminder: Many countries recently have called for the banking union to implemented quickly, while others have called for caution, requesting it be 'done right'
01[15:20] {Threei}  no go
01[15:20] {Threei}  GOOG is open
01[15:21] {Threei}  although it wishes it remained closed
01[15:22] {Threei}  LVS two-sided setup, .90 - 46
01[15:22] {Threei}  last play for today
01[15:23] {Threei}  if this doesn't work, why push. If does, why tempt fate for more
01[15:24] {Threei}  long it is
01[15:40] {Threei}  move already
01[15:40] {Threei}  what's with chinese water tirture
[15:41] {Will49} also called water "boring"
01[15:42] {Threei}  lol
01[15:46] {Threei}  trail to .94
01[15:48] {Threei}  what is it, superglue at 46?
[15:49] {dino}  calling it a day, slow one but profitable. thx all
01[15:49] {Threei}  take care dino
01[15:49] {Threei}  give a min or two more to this one
01[15:49] {Threei}  stop to .98
01[15:49] {Threei}  either it breaks .03 now ort I lose interest
01[15:51] {Threei}  go
01[15:51] {Threei}  I mean run
01[15:51] {Threei}  I mean fly
01[15:52] {Threei}  good boy
01[15:52] {Threei}  ok whatever
01[15:52] {Threei}  I am out .05
01[15:52] {Threei}  have a good evening guys, see you tomorrow
[15:53] {scottie} gn all, tks Vad