Tuesday, October 2, 2012

Oct 2 2012


Very nice start to October, despite severe jet lag. Trade after trade just worked.

Session Time: Tue Oct 02 00:00:00 2012
[07:49] {nemo} That slacker Vad show up yet?
01[08:50] {Threei}  ummm.... yes....
01[08:50] {Threei}  although with this jerking time zones around, hard to twll
[08:58] {goryl} gm and welcome back
01[09:01] {Threei}  morning, thank you
[09:02] {jackharry} good morning
01[09:02] {Threei}  jack :)
[09:05] {scottie} GM
01[09:05] {Threei}  scottie :)
[09:06] {scottie} How was the conference ?
01[09:07] {Threei}  conference itself, great. Had real fun speaking, social finctions before and after were great too
01[09:07] {Threei}  might be a bit more careful with icy cold Sleeman the night before speaking next time,
01[09:08] {Threei}  for a few min after waking up it felt like I lost my voice, lol
01[09:08] {Threei}  I am not a big fan of Toronto though, something in that city disagees with me
01[09:09] {Threei}  and quick time zone change back and forth is a bitch
[09:09] {scottie} Too far from the ocean
01[09:09] {Threei}  Montreal however was absolutely fantastic
[09:09] {dino} gm
01[09:09] {Threei}  love that city
01[09:09] {Threei}  dino :)
01[09:10] {Threei}  good thing I don't live there, or I would be twice the size in a hurry, lol
01[09:10] {Threei}  what with amazingly tasty things everywhere
[09:10] {scottie} french cuisine, lol
01[09:10] {Threei}  montreal smoked meat, mama mia
01[09:11] {Threei}  waiter was very skeptical when I ordered large dish
01[09:12] {Threei}  and very respectful when came back in 20 min
[09:13] {scottie} My step daughter lives in Montreal and brings me some fresh smoked meat everytime she comes to visit, mmmmmm.
01[09:13] {Threei}  :)
[09:14] {Beau} gm
01[09:14] {Threei}  beau :)
[09:15] {Beau} welcome back vad
[09:16] {robbers} Glad to have you back, Vad.
[09:16] {Beau} hope lecture went well
01[09:16] {Threei}  thanks guys
01[09:16] {Threei}  very
01[09:17] {Threei}  firast exclamation I heard after finishing was, "that alone was worth the price of adnmission"
01[09:17] {Threei}  and judging by the nimber of drinks offered during pub night later, it was sincere, lol
[09:20] {Will49} Good Morning
01[09:20] {Threei}  will :)
[09:20] {Will49} Back safe I see
01[09:21] {Threei}  yes... deeply asleep though
[09:24] {cipher} gm
01[09:25] {Threei}  cipher :)
01[09:25] {Threei}  no clear feel for the opening yet
01[09:28] {Threei}  FCX looks rather weak
01[09:32] {Threei} Short Setup: FCX  .25 break hl
01[09:33] {Threei}  If holds  .32
01[09:33] {Threei}  Invalidated
01[09:34] {Threei}  valid again
01[09:34] {Threei}  with .35 as a stop level
01[09:37] {Threei}  stop to .31
01[09:37] {Threei}  1:1
01[09:37] {Threei}  1:2, out
[09:38] {scottie} +.10 ty
[09:38] {Will49} good start
01[09:38] {Threei}  :)
[09:38] {robbers} no hangover for Vad.
01[09:38] {Threei}  but jet lag is real bitch
[09:38] {thomcbell} good one vad
01[09:38] {Threei}  ty
01[09:39] {Threei} Short Setup: LVS  46 break hl
01[09:39] {Threei}  If holds  .10
01[09:39] {Threei}  ummm
01[09:39] {Threei}  1:1
01[09:40] {Threei}  don't know about you but I couldn't get it
[09:40] {scottie} not here
[09:40] {Will49} nor me
[09:40] {robbers} nope.
01[09:40] {Threei} Short Setup: SLW  .95 break
01[09:41] {Threei}  stop .04
01[09:42] {Threei}  1:1
01[09:43] {Threei} Long Setup:  CX  40 break hl
01[09:43] {Threei}  FCX
01[09:43] {Threei}  If holds  .90
01[09:44] {Threei}  1:1
[09:45] {goryl} Vad's on fire again:)
[09:45] {robbers} fantastic trading, worth the price of admission.
01[09:45] {Threei}  hehe...
[09:45] {dino} pbm?
01[09:46] {Threei}  Pacific Booker Minerals (US Ticker: PBM) trades lower after British Columbia govt yesterday rejected its plan for a copper and gold mine at Morrison Lake due to environmental threat to salmon in the Skeena River- The lake is at the headwaters of the Skeena River, which produces BC's second-largest sockeye salmon run.
[09:47] {thomcbell} slw diverging from gdx again
[09:47] {thomcbell} both down but slw leading
01[09:47] {Threei}  half here still
01[09:47] {Threei}  didn't get hit at 1:2
[09:49] {dino} thx vad
01[09:51] {Threei}  SLW 1:2, out
[09:51] {Will49} welcome home
01[09:51] {Threei}  :)
01[09:52] {Threei}  oh, and btw... as far as attention-getters go, it does wonders to your presentation to begin it woth words "the world is full idiots"
[09:52] {dolores} hi there welcome
01[09:52] {Threei}  hi' dolores
[09:52] {Will49} you actually said that?
01[09:52] {Threei}  yes
01[09:53] {Threei}  missed couple nice winners, dolores
[09:53] {Will49} hope the attendees didn't take it personally
[09:54] {dolores} pity
01[09:55] {Threei} Short Setup: CAT  .10 break hl
01[09:55] {Threei}  If holds  .20
[09:57] {dino} clb smr l .24 gappy
[09:58] {dino} pcs spike
01[09:59] {Threei}  1:1
01[09:59] {Threei}  1:2, out
[10:00] {scottie} +.17 ty Vad
01[10:00] {Threei}  what is it, fish in a barrel day?
01[10:00] {Threei}  yw
[10:01] {Will49} Yipee
[10:01] {nemo} wow that's a first...
[10:01] {nemo} I'm eating tortilla chips, frickin' rabbit jumps up in my lap
01[10:01] {Threei} Short Setup: SLW  .60 break
01[10:02] {Threei}  let's keep .66 stop
01[10:02] {Threei}  don't want to give it full room
01[10:03] {Threei}  bid half around .52
01[10:03] {Threei}  hit
01[10:03] {Threei}  stop .61
[10:04] {dptl} gm
01[10:04] {Threei}  out
01[10:04] {Threei}  .42
01[10:04] {Threei}  dp :)
06[10:04] * Threei sings "fiiish in a baaaarel" to the tune of "smoke on the water"
[10:04] {robbers} What's next, Vad, a stock with the symbol: FISH ?
[10:04] {scottie} out .48 +.12 tks Vad (again)
01[10:04] {Threei}  lol
01[10:04] {Threei}  yw
[10:05] {Will49} we should get you jet-lagged once a week
01[10:06] {Threei}  life will be fiery... and very short, lol
[10:10] {nemo} ilmn in reshort area
[10:10] {dptl} pay .80 short?
01[10:12] {Threei}  can't tell, trades strangely a bit
[10:12] {nemo} fits dp
[10:13] {dptl} invalidated anyway
[10:13] {nemo} mos
[10:13] {nemo} ilmn
[10:14] {nemo} sorry
01[10:14] {Threei} Long Setup:  MON  .20 break
01[10:14] {Threei}  aww, late
01[10:14] {Threei}  ok, let's let it go
01[10:14] {Threei}  with 4 for 4, no need to chase
[10:14] {dptl} con .05 ? long
[10:15] {Will49} is there ever a need to chase?
[10:15] {dptl} coh
[10:15] {nemo} short
[10:15] {nemo} stop needs to be .15 though
[10:15] {nemo} kors
[10:15] {nemo} sorry
[10:17] {Will49} dp one nemo 0
[10:17] {dptl} half out coh
[10:18] {Will49} but who's keeping score?
[10:18] {nemo} well, it's right at my stop
[10:19] {nemo} cat
[10:25] {dptl} out some more coh
01[10:25] {Threei}  wtg
[10:25] {robbers} nice, dp
[10:26] {dptl} ty
[10:26] {dptl} stop under .10 for last piece
[10:29] {nemo} boy does wlp have a bid under it
[10:30] {nemo} should see resistance by .30 though
[10:31] {dptl} stop to .15 coh
[10:32] {nemo} pivot is .13 dp
[10:32] {dptl} ye i see that
01[10:32] {Threei} Long Setup:  CAT  .30 break hl
01[10:32] {Threei}  If holds  .20
[10:32] {dptl} wanna see if it gets to .50
01[10:33] {Threei}  Invalidated
[10:33] {nemo} after that is .80 area
[10:33] {dptl} yep
[10:34] {nemo} cog
[10:34] {scottie} mos l 56 ?
[10:35] {nemo} .15-.20 area resistance not much room
[10:35] {scottie} tks
[10:35] {dptl} trail to under .20 now coh
01[10:35] {Threei}  not liking it very much
[10:36] {dptl} to .24 now
[10:37] {nemo} jeeez...dp you can go home early
[10:38] {dptl} no, i have to work have to fix things :)
[10:38] {dino} hlf spike
[10:40] {dino} actg drop
[10:41] {nemo} oh great...it's pink month in the NFL
[10:41] {dino} hlf sm s .06
[10:42] {dino} gmcr drop
[10:42] {dino} hlf stop
[10:43] {nemo} 53.57-.75
01[10:44] {Threei} Long Setup:  MOS  .50 break
[10:44] {dino} see it, but spike is einhorn not offerig thesis, so, still short just not saying why spike
01[10:45] {Threei}  stop .44 for scalpers, .39 day traders
[10:45] {dino} break .00
01[10:45] {Threei}  1:1
[10:47] {nemo} mos likely headed to the 200SMA although I have suport between 55.20-.30
[10:52] {dptl} out coh
[10:52] {Will49} saaweeeeet... dp
[10:52] {dptl} :)
01[10:53] {Threei}  very nice
01[10:55] {Threei}  General Motors Corp Greenlight Capital's Einhorn: I am long General Motors, GM is much healthier now - Value Investor Congress- Brand quality is improving across the board
01[10:56] {Threei}  (EU) France PM Ayrault: Any exits from the EMU need to be ruled out - comments at National Assembly
01[10:56] {Threei}  wow, really?
01[10:56] {Threei}  hotel california?
01[10:57] {Threei}  there was one comment in yesterday's news that floored me... ECB threatening to replace Rajoy if he doesn't request bailout nearest weeks
01[10:57] {Threei}  slip of tongue?
01[11:00] {Threei}  ah, new word to describe my presentation: phenomenal
[11:02] {nemo} dov probably going to the whole
01[11:05] {Threei} Short Setup: CAT  .60 break
01[11:05] {Threei}  If holds  .70
[11:09] {dino} out clb .58, +1.34
01[11:10] {Threei}  nope
[11:10] {scottie} gj dino wow
01[11:11] {Threei}  wtg
[11:11] {Will49} OK dino!
[11:11] {dino} ty
[11:12] {Will49} you can go home with dp
[11:14] {dino} yum drop
[11:14] {dino} lol will
[11:16] {dino} hlf sm s .00
[11:17] {nemo} wow dks
[11:23] {scottie} ci .80 long ?
01[11:25] {Threei}  feels like short to me
[11:25] {scottie} ok tks
[11:25] {scottie} Why isn't it a JBE
[11:25] {dino} srpt drop
01[11:26] {Threei}  it is... but volume is almost disappeared
01[11:26] {Threei}  and I am not a fan of JBE breaks on no volume
[11:26] {scottie} I see
01[11:26] {Threei}  they turn traps too often
[11:33] {dino} hlf stop
[11:36] {dino} mkt drop
[11:41] {nemo} ilmn 51 level inflection
[11:42] {nemo} we did a S_load of volume on the SPY over the last few minutes, this could be the bottom
[11:43] {dino} clb smr l .15 wide
01[11:44] {Threei}  don't see news for this drop
[11:47] {dino} cmo drop
[11:48] {dino} sm l .80
[11:49] {dino} 07 still scrolling red, gut says down
01[11:52] {Threei}  mine too
[11:57] {nemo} bear flag spy iwm
[12:00] {dino} cmo to .06
[12:03] {dino} ssys sm l .25, wide
[12:03] {dino} out cmo .09, +.29
[12:05] {thomcbell} gm looking long here
[12:07] {dptl} clf .20 s ?
01[12:07] {Threei}  I think so
[12:09] {dptl} ok in
[12:09] {dptl} .19
[12:10] {nemo} spxu long
[12:10] {dptl} oops stopped
[12:12] {nemo} nope
[12:14] {nemo} dks short .00
[12:22] {dptl} wlp .40 long?
01[12:22] {Threei}  probably... but not much confidence... 51/49
[12:28] {dptl} dg .35 s? but a bit slow
01[12:29] {Threei}  not sure
[12:30] {dptl} lrcx .05 l?
01[12:30] {Threei}  nah, too narrow
[12:34] {dptl} clf rinsed most likly
[12:36] {thomcbell} gm definitely one to look for additional long entries
[12:36] {thomcbell} einhorn - the short seller likes it long
[12:36] {thomcbell} kind of like a double endorsement
[12:41] {dino} arlp drop
[12:45] {thomcbell} gm beast
[12:55] {dino} ssys stop -.25
01[13:01] {Threei} Short Setup: CAT  .45 break
01[13:01] {Threei}  Invalidated
01[13:19] {Threei}  this market stall looks to me like most likely to resolve in selling
[13:19] {dino} ssys sm l .04
[13:20] {nemo} dks
[13:27] {dptl} lost connection to laser...anyone?
[13:27] {Will49} I'm good
[13:27] {Will49} are you on shaw.ca dp?
01[13:28] {Threei}  back on
[13:28] {dptl} came up now
[13:31] {dino} acom
01[13:34] {Threei} Short Setup: CAT  .60 break
01[13:35] {Threei}  If holds  .70
01[13:36] {Threei}  nope
[13:55] {nemo} whoa
01[13:55] {Threei}  (GR) Greece Fin Min Stournas: Uncertain whether or not a deal with Troika can be reached before the EU summit; talks are continuing- Note: The EU summit is scheduled for Oct 18-19
01[13:55] {Threei}  I don't think that's what caused selling though
01[13:56] {Threei}  this was 10 min ago
[14:05] {scottie} ne s 35 ?
01[14:05] {Threei}  I think so
01[14:05] {Threei}  looks promising
[14:21] {scottie} wrong direction
01[14:23] {Threei}  not much verve either way
01[14:26] {Threei}  IMO, still valid
[14:26] {dptl} jcp .50 s?
[14:26] {Will49} short under 35?
[14:26] {Will49} ne
01[14:26] {Threei}  right
[14:26] {Will49} tks
01[14:26] {Threei}  I think so JCP
[14:31] {dptl} stop .55?
01[14:31] {Threei}  .57
[14:37] {goryl} thanks Vad, see u all tomorrow
[14:39] {Will49} cheers goryl
[14:41] {dptl} invalidated jcp
01[14:42] {Threei}  take care goryl
01[14:44] {Threei}  JCP is valid again IMO
[14:47] {Will49} JCP behaving like my ex-wife
[14:48] {scottie} lol
[14:48] {Will49} fill in your own blank here________
[14:56] {dino} here it finally goes, out ssys .14, +1.10
[14:56] {scottie} great dino
[14:56] {dino} ty
01[14:56] {Threei}  very nice
[14:58] {dptl} injcp
[15:00] {scottie} in too .49
[15:00] {dptl} now all we need is Vad stick
[15:00] {scottie} stop .58 ?
01[15:00] {Threei}  yup
[15:00] {Will49} me too
[15:03] {dptl} out half
01[15:05] {Threei}  yup
[15:06] {dptl} if breaks .37 will go to .25
[15:07] {dptl} well most likly
[15:11] {dptl} OUT
[15:11] {dptl} oops
[15:12] {scottie} out +.19 tks dp
[15:12] {Will49} .18 tks dp
[15:12] {dptl} yw ...ok got to go....see ya tomorrow all...good evening..
[15:12] {jackharry} +.23, thank you
[15:12] {robbers} +.12, thanks.
01[15:13] {Threei}  :)
[15:16] {Will49} grab the money and run dp
[15:17] {scottie} see you dp
[15:23] {nemo} is the market trading
01[15:23] {Threei}  it does when drops
01[15:23] {Threei}  ceases when climbs
[15:36] {scottie} brcm 34 if holds .95 ?
01[15:36] {Threei}  5 cents batle
[15:37] {scottie} ok
[15:47] {scottie} ok, see you tomorrow guys
01[15:48] {Threei}  thank you all
[15:48] {Will49} Great day Vad...see ya
01[15:48] {Threei}  have a great evening, see you tomorrow hopefully lessd jet-lagged
[15:48] {Will49} don't change a thing :)
[15:50] {dolores} bye guys take care
[15:50] {dolores} have a good evening
[15:50] {dolores} the best thing for jetlag is a good vodka !!!