Wednesday, October 3, 2012

Oct 3 2012

First Catch of the Day upon return from the conference, had to do it with a bang. 1:5 qualifies as such, IMO

A few more good trades and particularly two nice short trades on HPQ made the day solid black.

Session Time: Wed Oct 03 00:00:00 2012
[08:17] {nemo} Mmmmhhh subdued so far on the ADP report
[08:30] {nemo} hey dp 32 level srpt
[08:30] {nemo} spread tightened up here
[09:00] {goryl} gm
01[09:00] {Threei}  morning goryl
[09:04] {scottie} GOOD MORNING
01[09:04] {Threei}  scottie :)
[09:04] {scottie} I mean good morning
01[09:04] {Threei}  I nearly fell off my chair
[09:04] {goryl} Vad, do you use NASDAQ as the Route in Level II?
01[09:04] {Threei}  most often, yes
01[09:05] {Threei}  if you want to short a stock that has dropped significantly already, better use ARCA
[09:05] {goryl} ok
[09:05] {goryl} thanks
01[09:05] {Threei}  make sure all route out boxes are checked
[09:06] {goryl} got it:)
[09:06] {dino} gm
01[09:06] {Threei}  dino :)
[09:07] {cc_8} Command Security Corporation (NYSE: MOC) (the “Company”) announced the . resignation of Martin C.
[09:08] {goryl} how do u close windows in Laser? delete doesn't work..
[09:08] {cc_8} ctrl+f4
[09:08] {cc_8} or file/close
01[09:08] {Threei}  hehe... this is great mystery of Laser
[09:09] {goryl} awesome, that was really annoying:)
[09:14] {dolores} hello GM
01[09:14] {Threei}  dolores :)
[09:16] {Beau} gm
01[09:16] {Threei}  beau :)
01[09:16] {Threei}  are we making bets on who will mop the floor with whom today in the debate?
[09:18] {nemo} Obama much better public speaker
[09:18] {nemo} I watched Kennedy wipe the floor with Romney
01[09:18] {Threei}  no doubt
[09:19] {nemo} oil down hard...mmmmhhhhh
[09:20] {ese} gm
01[09:20] {Threei}  ese :)
[09:20] {ese} hey vad
[09:20] {Will49} GM
01[09:20] {Threei}  will :)
[09:20] {ese} will
[09:21] {Will49} Hi E
[09:22] {nemo} I know this is going to sound strange coming from me, but...that tv series Once Upon A Time.  They did a really good job with that
[09:22] {ese} haven't watched tv in about since 16 years since the kids were born..........whats it about
[09:22] {nemo} I watch it on Netflix
01[09:23] {Threei}  too childish to me... looked at it when it started, couldn't get past 2nd episode
[09:23] {nemo} It's an interesting weaving of classic old fairy tales into modern day
[09:23] {nemo} Actually Vad, I can see that happening with you
[09:23] {nemo} Interesting premise
01[09:24] {Threei}  I liked the idea during preview, but actual implementation felt that it was just done for kids
[09:24] {nemo} Funny, can you tell I trade...I went to open the netflix site and I typed "" in the browser window
01[09:24] {Threei}  lol
[09:25] {dino} good show nemo
[09:26] {nemo} eye of the beholder of course
01[09:29] {Threei}  FCX long on pullback is first idea
01[09:30] {Threei} Long Setup:  FCX  .90 break hl
01[09:31] {Threei}  change to .85
01[09:31] {Threei}  If holds  .75
01[09:32] {Threei}  target 1:2
[09:33] {nemo} the adp report wasn't bought this morning
01[09:34] {Threei}  no go
01[09:38] {Threei} Short Setup: MOS  .35 break
01[09:39] {Threei}  If holds  .45
[09:39] {nemo} 54.60 area if it breaks 55
01[09:40] {Threei}  1:1
[09:40] {dino} clb smr l .80
[09:41] {nemo} coh, below .75 short
[09:41] {nemo} stop above .80
01[09:41] {Threei} Short Setup: FCX  .65 break
01[09:42] {Threei}  If holds  .75
01[09:43] {Threei}  stop to .71
[09:43] {nemo} half .61
[09:44] {dino} gj
[09:45] {nemo} stop to .65ish
[09:45] {nemo} market looks ready to turn
01[09:45] {Threei}  MOS 1:2
01[09:45] {Threei}  1/4 out
01[09:45] {Threei}  will try to trail last part
01[09:46] {Threei}  that 55 support is very lucrative to break
[09:46] {nemo} yep
01[09:46] {Threei}  1:3
[09:46] {nemo} 44.60ish
01[09:46] {Threei}  stop .26
[09:47] {nemo} out coh
01[09:47] {Threei}  FCX 1:1
01[09:48] {Threei}  stop to .66 for the balance
01[09:48] {Threei}  MOS stop to .21
[09:49] {nemo} ddd
[09:49] {nemo} sorry
01[09:49] {Threei}  I think you tried to say "d-d-dddie, MOS"
01[09:50] {Threei}  which it dddoes
01[09:50] {Threei}  stop to .16
[09:50] {thomcbell} im still liking this gm long
01[09:51] {Threei}  me too...
01[09:51] {Threei}  MOS at 1:4
01[09:51] {Threei}  not sure, to cover or try for nemo's target
01[09:51] {Threei}  market is still weak
[09:51] {nemo} that's the 200 SMA
01[09:51] {Threei}  let's try
[09:51] {nemo} it's gonna bounce hard there
01[09:51] {Threei}  stop to .11
[09:52] {nemo} trying to defend here
[09:52] {nemo} hidden buyer
01[09:52] {Threei}  1:5
[09:53] {nemo} yeah baby
[09:53] {nemo} partial here if you have extra
[09:53] {nemo} else...Neil Diamond
01[09:53] {Threei}  just 300 left
[09:53] {nemo} careful, market getting to bounce point
01[09:54] {Threei}  OK, half of balance out
01[09:54] {Threei}  1/8, lol
[09:54] {nemo} used to do those in a night
[09:54] {nemo} oh
[09:54] {nemo} sorry
01[09:54] {Threei}  fraction times are back? miss those 1/256
[09:55] {nemo} long tna .51 small
[09:55] {nemo} stop under .40
[09:55] {nemo} might be a tad premature
[09:56] {nemo} out
01[09:56] {Threei}  stop is .96 now
[09:56] {nemo} that tail at the whole
[09:58] {dino} ll sm l .90
01[09:58] {Threei}  over and out
[09:59] {nemo} not getting capitualtion volume spy
[09:59] {nemo} sneaky level
[09:59] {nemo} ism number
[09:59] {nemo} forgot about that
[09:59] {nemo} good numbers
[10:00] {nemo} beat 55.1 vs 53.5
[10:00] {nemo} now, let
[10:00] {nemo} s see if it gets bought
[10:00] {nemo} jobs weren't
[10:01] {nemo} this is interesting
[10:02] {nemo} whoa...good news sold
[10:02] {dino} fast fall
[10:02] {nemo} Here comes ANARCHY!!!! Yahooooooooo
[10:03] {dptl} gm
01[10:03] {Threei}  dp :)
[10:03] {nemo} o.k. flyer watching LEN for a short
[10:03] {nemo} ahhh, the old shock the excrement out of them drop and then BTFD!
[10:04] {ese} that was interesting.....quick up quick dive........slow up here L AIG .51
[10:05] {nemo} oil was down pretty healthy today pre market, that was a tell
[10:06] {nemo} srpt going for pre market highs
01[10:08] {Threei}
[10:09] {ese} something is outta wack somewhere.........bernakers "negative negative negative negative etc etc" "positive positive positive etc etc " for at least the last 2 maybe 3 months.......feels like a " you can fool some of the people some of the time but" news ain't jivin with what he has to say
[10:09] {thomcbell} gm long setup - 23.86 break if holding 23.80
01[10:10] {Threei}  I think you misread the whole thing, ese
[10:10] {nemo} yep
[10:10] {ese} out 1/2 wig ..72 +.21  1k to go
01[10:10] {Threei}  there is no actual positive news in economy,
01[10:10] {Threei}  there is positive numbers crerated by Bernanke's money injections
[10:10] {nemo} market a discounting mechanism
[10:10] {ese} all I know is that i'm makin money doing everthing opposite he says
[10:11] {nemo} it's looking at the fiscal "cliff"
01[10:11] {Threei}  which he does because he a) sees negatives and b) thinks money injections fix those negatives
[10:11] {dino} inflate it away ese, print print print
01[10:11] {Threei}  and you are making money in the MARKET
[10:11] {cc_8} Hearing Chatter Apple in Talks to Buy Pandora
01[10:11] {Threei}  which has very little to do with actual economy and everything to do with his money injections
[10:11] {ese} aig stop balance .80
01[10:11] {Threei}  so it works like this for you:
01[10:12] {Threei}  he says things are bad,
01[10:12] {Threei}  market knows it means abother money injections and goes up,
01[10:12] {Threei}  you make money.
01[10:12] {Threei}  see the logic?
[10:12] {ese} to .85
[10:12] {dino} not bad as in bad, but bad as in good
01[10:13] {Threei}  exactly
01[10:13] {Threei}  the worse ther better
[10:13] {nemo} look srpt dino
[10:13] {dino} crazy
[10:13] {nemo} was watching premarket, 36 was the high
[10:13] {ese} stopped balance wig .85 +.34...........thanks ladies and gents been nice workin with ya.......done for the day cya tomorrow
01[10:14] {Threei}  ese
[10:14] {nemo} 40 then 42 next levels
[10:14] {ese} not wig
01[10:14] {Threei}  before leaving, read the above
[10:14] {ese} ok
[10:14] {dino} gj ese
[10:14] {nemo} nflx
[10:14] {nemo} sorry
[10:14] {ese} tks
[10:14] {dino} lqdt sm l .75
[10:15] {nemo} GS and oil weak
[10:15] {ese} ok i see that logic
[10:16] {ese} been a nice 500 dollar day..........cya tomorrow
01[10:16] {Threei}  and he complains about something?
[10:17] {dino} theres 42
01[10:17] {Threei}  true resident of Victoria... they have the best climate in the country and whine about it all the time
[10:17] {ese} lol
[10:17] {nemo} wow srpt
01[10:17] {Threei}  :)
[10:18] {Will49} hey.. watch it Vad
[10:18] {ese} and I'll whine more if the shiskabob party is cancelled
01[10:18] {Threei}  hehe
[10:18] {ese} cya
01[10:18] {Threei}  take care
[10:18] {Will49} good job E
[10:18] {nemo} A pal offesr this Romney zinger: "Don't worry, Mr. President, if I am elected, I won't blame you for anything that happens during my term"
01[10:18] {Threei}  my favorite is:
01[10:19] {Threei}  is Obama wins, just imagine a mess he inherits this time
01[10:19] {Threei}  is = if
[10:19] {dino} lol
01[10:19] {Threei}  that was very strange drop and climb
[10:19] {dptl} coh .80 l?
01[10:20] {Threei}  both totally out of whack, not in tune woth anything on the chart
[10:20] {dino} out ll .29, +.39
01[10:21] {Threei}  COH, I'd rewally prefer a pullback
[10:24] {dptl} wlp .20 s?
01[10:25] {Threei}  probably
[10:27] {dptl} invalidated wlp
[10:31] {dptl} may be valid again
[10:32] {dptl} sigh not in a short list
[10:33] {dino} ocn sm s .00
01[10:36] {Threei} Long Setup:  CLF  38 break
[10:38] {dino} ocn stop -.26
[10:38] {dptl} in .01
[10:39] {dino} kra sm l .25
[10:40] {nemo} tol
01[10:40] {Threei}  no go
[10:40] {dptl} stopped
[10:40] {nemo} it'll test .55 area
[10:45] {nemo} hey Vad, see where MOS bottomed?
[10:45] {nemo} whish I had been paying attention
01[10:45] {Threei}  yup
[10:46] {nemo} that was a gimmee
[10:46] {dino} ocn s .49
[10:49] {dino} cov ocn .30, +.19
[10:54] {dptl} pm .30 l?
01[10:54] {Threei}  looks like
[10:57] {dptl} got .32
[10:58] {thomcbell} i flattened gm for a 0.02 cent  loss
[10:59] {thomcbell} time stop
[11:01] {dino} ocn sm s .00
[11:03] {dino} kra stop -.23
[11:05] {dolores} POT?
[11:05] {nemo} lulu
01[11:06] {Threei}  .70 break probably worth a try on POT
01[11:07] {Threei}  frikin CLF rinsed
[11:07] {dino} cov ocn .70, +.30
[11:08] {nemo} lulu short below .80
[11:09] {nemo} if it stays below .90
[11:10] {dptl} half out pm
01[11:10] {Threei}  good one
[11:10] {dptl} ty
[11:12] {dptl} out .59
[11:12] {dino} kra l .98
01[11:12] {Threei}  POT looks ready
[11:13] {scottie} good job dp
[11:13] {dptl} ty
01[11:24] {Threei}  invalid
[11:25] {dolores} POT not following the market or the other commodities
[11:28] {dino} following drugs
[11:30] {dino} \ocn sm s .65
01[11:33] {Threei}  let's change our view on it
01[11:33] {Threei} Short Setup: POT  .50 break
[11:35] {nemo} mon recovering market up on stong news...hehehehehe
[11:38] {dino} ocn stop -.18
[11:40] {thomcbell} gm gimme a break
[11:40] {thomcbell} lol
[11:42] {nemo} usg has 24% short interest
[11:46] {nemo} that was an interesting move
01[11:47] {Threei}  VRNG Hearing company has received favorable court ruling on a motion in one of its ongoing patent cases
[11:49] {dino} ocn s .55
01[11:51] {Threei} Short Setup: HPQ  .40 break
01[11:52] {Threei}  If holds  .50
01[11:52] {Threei}  1:1
[11:53] {dino} ocn to .35
01[11:54] {Threei}  1:2
[11:56] {nemo} just grinding higher
[11:56] {dino} cov ocn +.20
[11:57] {dptl} wlp .60 l?
01[11:57] {Threei}  yup
[11:58] {dptl} stop would  be .55 or .50?
01[11:58] {Threei}  .50
[11:58] {dptl} ok ty
[11:59] {dino} asps smr s .42
[12:03] {dptl} vlo .76 l?
01[12:04] {Threei}  1:3, out
01[12:05] {Threei}  yup, same setup as WLP
[12:11] {dptl} stop wlp
01[12:22] {Threei}  VLO 1:1
[12:24] {dino} pcrx
[12:24] {robbers} Great day, catch you guys later.  Thanks.
01[12:25] {Threei}  take care robbers
[12:29] {dptl} jcp .15 l?
01[12:30] {Threei}  nah
[12:34] {thomcbell} come on Vad -
[12:34] {thomcbell} gm
[12:34] {thomcbell} restless
01[12:34] {Threei}  I liked it long earlier
[12:35] {thomcbell} i had the right set up never got stopped by the book - but sold it cause it was taking to long
01[12:38] {Threei}  well... tnat's impatience talking
01[12:38] {Threei}  who said money must bve made quickly? :)
[12:46] {goryl} Vad, how do u enable the fast sell feature in Laser?
01[12:49] {Threei}  click Trade in Menu
01[12:49] {Threei}  in dropdown menu, theree is a line Fast Sell, check it
[12:49] {goryl} its greyed out, maybe because its a demo??
01[12:50] {Threei}  click on Level 2 window dirsat
01[12:50] {Threei}  then on menu
01[12:50] {Threei}  first
[12:52] {goryl} hmm
[12:53] {dptl} what do you think about gild , Vad?
01[12:54] {Threei}  goryl, make sure Level II execution mode is also checked
01[12:55] {Threei}  not sure dp
01[12:55] {Threei}  a bit too slow
[12:55] {dptl} ok
[12:56] {goryl} ok, it is
[13:07] {dino} pssi drop
[13:08] {dino} sm l .35
[13:09] {dino} out .95, +.60
[13:17] {dptl} should of listened you with gild stopped out
01[13:17] {Threei}  nobody ever listens to me
01[13:18] {Threei}  why would you
[13:18] {nemo} srpt sheesh
[13:22] {dptl} pxp .50 s?
01[13:23] {Threei}  if willing to take 506 cents scalp
01[13:23] {Threei}  5-6
[13:23] {dptl} nah..need more then that
01[13:29] {Threei}  well... it had a bit more
[13:29] {dptl} :)
[13:29] {dptl} lcc?
[13:30] {dptl} clf .50 l?
01[13:31] {Threei}  I think so
[13:33] {dptl} clf invalidated
[13:33] {dptl} lcc .60 s?
01[13:35] {Threei}  if market drops with gusto, yes
01[13:38] {Threei}  huh
01[13:38] {Threei}  Wednesday, October 03, 2012 13:34:15 (ES) Spain Econ Min de Guindos: IMF will say yields on Spanish debt should be lower**Recall that German and Spanish finance ministers are meeting in Madrid today as part of a routine visit
01[13:38] {Threei}  shrug
[13:39] {Will49} yawn
01[13:40] {Threei}  t5his one is more negative but it was a while ago:
01[13:40] {Threei}  (GR) Greece Fin Min Stournaras: Gap with Troika over cuts remains fairly large, working hard to reach a compromise ahead of the eurogroup meeting- Follow up: Troika sees Greece 2013 GDP -5% **Note that earlier today, a Greek press report said that IMF said to disagree with Greece's 2013 GDP forecast of -3.8%, see -4.5% as more realistic; deal will not likely be reached before summit. On Oct 2nd Greece Finance Minister Stournaras said he was uncertain whether or not a deal with Troika can be reached before the EU summit.
[13:42] {dptl} fdo .10 s?
01[13:42] {Threei}  yup
01[13:42] {Threei} Short Setup: POT  .35 break
01[13:48] {Threei}  Invalidated
[13:50] {dptl} jeez...stopped fdo
[13:50] {nemo} woof
[13:51] {dptl} not my day
06[13:52] * nemo hands dp the vaseline
[13:53] {dptl} thanx man
06[13:54] * nemo hands dp Grey Goose
[13:54] {Will49} that would sting
[13:54] {nemo} that's for anesthesia
[13:55] {Will49} ooops
[13:59] {dptl} it's here again fdo
01[13:59] {Threei}  (ES) Germany Fin Min reiterates Spain unlikely to need a bailout
01[13:59] {Threei}  yeah yeah
[14:00] {dptl} wlt .25 s?
01[14:01] {Threei}  yup
[14:03] {dptl} in
[14:04] {nemo} wow, going for the break on the daily
[14:09] {nemo} cog
[14:11] {nemo} tna worth a try here
[14:13] {dolores} HPQ hammered again  breaking lows
[14:13] {goryl} see u all tomorrow
01[14:13] {Threei}  take care goryl
[14:15] {dptl} fslr .90 s?
[14:16] {dptl} not shortable
[14:20] {Will49} tks dp wlt .10
[14:20] {dptl} yw i am still in
[14:22] {Will49} I bow to you
[14:23] {dptl} out some  stop to .26
[14:25] {dptl} hopefully will fix a day a bit
01[14:26] {Threei}  you ignored my trades or what
01[14:26] {Threei}  they weren't nearly as bad as you make the day sound
[14:27] {dptl} no its all my trades Vad
[14:28] {dptl} was't in morning ..mised mos you know
[14:28] {Will49} nice call on WLT dp
01[14:28] {Threei}  (ES) Germany Fin Min reiterates Spain unlikely to need a bailout, though Germany could be open to supporting an aid program if necessary - Japan press- Decision will come after a close examination of Spain's latest fiscal consolidation proposals. **NOTE: 9/21: (DE) Germany Fin Min Schaeuble: Spain does not need an aid program from the ESM. Germany has more to lose from an EMU failure. - 10/3: Finland PM Katainen: Spain will not require a full bailout - French press
01[14:29] {Threei}  ok... let's all repeat 5 times: Spoain needs no bailout
[14:29] {nemo} puke
[14:29] {nemo} gag
01[14:29] {Threei}  there... all better
[14:29] {dino} protest too much
[14:29] {Will49} yada yada yada
01[14:29] {Threei}  if this works, I found solution to world hunger
01[14:29] {Threei}  say "food" 5 times, and you are full
01[14:29] {Threei}  say "vodka" 5 times and you are drunk
[14:30] {nemo} I prefer a few strategically detonated nuclear warheads
[14:31] {nemo} srpt...
[14:31] {nemo} was that harsh?
[14:33] {dino} expected
[14:33] {nemo} won't be much suffering
[14:33] {nemo} dead=good
[14:33] {nemo} half dead=not so good
[14:34] {Will49} dead people tend not to suffer
[14:35] {dptl} out
[14:36] {dptl} cog .50 s?
[14:39] {dptl} in .49
[14:43] {nemo} small long tna stop under .90
[14:45] {nemo} oy vey
[14:51] {robbers} Thanks, dp!
[14:52] {Will49} tks again dp
[14:53] {dolores} wow what was that TNA 20 cents down in 2 secs
[14:58] {nemo} happens
[14:59] {dptl} out .26 cog
[14:59] {Will49} goo one dp
[14:59] {Will49} good
[14:59] {dptl} thanx
[15:04] {nemo} little bounce here me thinks
[15:07] {nemo} this should be it
[15:07] {dolores} nemo you buying TNA?
[15:08] {nemo} yeah
[15:08] {dolores} where?
[15:08] {nemo} iwm bottomed at S1 FAS bottomed at vwap
[15:08] {nemo} .50
[15:08] {nemo} stop under the low
[15:09] {nemo} seems I stopped it
[15:10] {dolores} this  market not very clear
[15:10] {nemo} yeah, there wasn't much volume at these levels
[15:11] {nemo} IWM drops this it tests the lows
[15:11] {dptl} lyb db?
[15:12] {nemo} mmmhhh, didn't hit my offer
[15:14] {nemo} next traget is the wholeish
[15:14] {nemo} spy gonna hesitate at .80
[15:14] {nemo} .88
[15:15] {nemo} maybe not
[15:15] {nemo} I'm ok with being wrong that way
[15:15] {nemo} offering .95 next bit
[15:17] {nemo} stop under .60
01[15:19] {Threei} Short Setup: HPQ  .14 break
01[15:19] {Threei}  If holds  .20
[15:21] {dptl} can't
01[15:21] {Threei}  what's it say?
[15:21] {dptl} error 3599
[15:22] {dptl} did you get it?
01[15:23] {Threei}  ARCA, yes
[15:23] {dptl} hmm
[15:23] {dptl} will try next time
01[15:24] {Threei}  half out here
[15:24] {dptl} nice
[15:26] {nemo} another partial, looking for 62.25
[15:28] {robbers} Out, thanks.
01[15:28] {Threei}  1/4 more out
01[15:28] {Threei}  yw
[15:30] {nemo} vad you already published the log?
01[15:31] {Threei}  just catch of the day part, not the room log
[15:31] {nemo} October Outlook
01[15:31] {Threei}  yes
01[15:31] {Threei}
[15:32] {nemo} mmhhh stop under .70
[15:32] {nemo} for last
[15:32] {nemo} this oil drop is puzzling
[15:33] {nemo} stop now .74
01[15:33] {Threei}  pre-debate orchestration?
[15:34] {nemo} yahoo, my new treestand came
[15:34] {robbers} I asked the other day if the drop might be partially political.  One thing's for sure, if Obama has any leverage, he'd "encourage" the drop before the election.
01[15:35] {Threei}  of coursxe... why wouldn't he
[15:36] {robbers} Question is, does the White House actually have influence.  I believe it does.  Ask Dick Cheney.
01[15:41] {Threei}  die HPQ
01[15:41] {Threei}  klose that .90
01[15:42] {Threei}  good boy
[15:43] {dptl} nice trade Vad
01[15:43] {Threei}  ty
01[15:43] {Threei}  OK, my a$$ is out
01[15:44] {Threei}  happy to finish day on such note
01[15:44] {Threei}  thank you all, have a great evening
[15:44] {nemo} out at ..09 on tna
01[15:44] {Threei}  see you tomorrow
[15:44] {robbers} TY!
[15:44] {dptl} gn all
[15:44] {robbers} gn
[15:45] {dolores} gn guys
[15:45] {dolores} thank you