Wednesday, October 31, 2012

Oct 31 2012

Despite slow trading, we had nicely positive day. Staying on a conservative side and being careful, skipped 4(!) trades that made us regret skipping them. Still, no complaints.


Session Time: Wed Oct 31 00:00:00 2012
[09:02] {scottie} good morning
01[09:02] {Threei}  morning scottie
01[09:03] {Threei}  quotes look funky a bit
[09:07] {Les} wondering how much HFT is offline and what that might do to spread and quotes...?
[09:07] {Les} morning
01[09:07] {Threei}  morning les
[09:07] {dino} gm
01[09:08] {Threei}  dino :)
01[09:08] {Threei}  how's your area?
01[09:09] {Threei}  it's not just HFT, a lot of reports about quotes being flaky
[09:09] {Les} nice trail photos btw
01[09:09] {Threei}  and I'd assume a lot of east board traders are out of the picture
01[09:09] {Threei}  ty
[09:10] {Les} pink fire hydrant... eye catching
[09:10] {dino} got lucky, just sold mlnx 76.53/.51. +3.87 from Thursday
01[09:10] {Threei}  nice
[09:10] {Les} nice
01[09:11] {Threei}  someone has sense of humor in that fire department
[09:13] {Beau} good morning
01[09:13] {Threei}  beau :)
[09:13] {Beau} is market still closed?
01[09:14] {Threei}  no, open, but quotes are questionable
[09:14] {dino} open
[09:14] {Beau} not getting any quotes--empty screens. not laser
01[09:15] {Threei}  I get some quotes, some nare empty
[09:16] {Beau} give me one you are getting please for test
01[09:16] {Threei}  fcx
[09:16] {Beau} thx
01[09:16] {Threei}  gld
01[09:17] {Threei}  no SPY though
[09:17] {nemo} should be weird day
01[09:17] {Threei}  no SLW
[09:17] {Les} suits you perfectly Nemo
01[09:17] {Threei}  looks like NASDAQ quotes are OK, NYSE is spotty
[09:18] {nemo} you took the setup...how gauche
[09:18] {Les} oh get yer hand off it
[09:20] {nemo} if only they were around your neck
[09:20] {Les} touché
[09:21] {nemo} got the warning on technical support for trading this morning...we're on our own
01[09:21] {Threei}  getting any quotes beau?
[09:22] {Beau} no, some quotes on a level II but no charts.
[09:22] {Beau} not sure today will be a fun day
[09:22] {dino} quotes look fine here
[09:22] {Beau} nemo can trade for me and send profits.
[09:23] {ese} morning.........hows everybody down south.......nemo...you ok
01[09:24] {Threei}  ese :)
01[09:24] {Threei}  Eurozone unemployment hits new record of 11.6% in September; Spain, Greece top list
[09:24] {nemo} yeah, just a strong breeze up here...I'd be more afraid of Les' breath
01[09:24] {Threei}  nemo, your quotes are OK?
[09:24] {ese} lol
[09:25] {nemo} yeah, 
[09:25] {Les} oh that's just rude
[09:25] {nemo} funny, I look up rude in the dictionary, and there's Les' picture
[09:25] {Les} sigh
01[09:27] {Threei}  I think let's skip the very opening, and see what's happening
[09:28] {ese} good......things are normal
01[09:28] {Threei}  meanwhile, look at this: http://photography.realitytrader.com/2012/10/todd-inlet-trail.html
[09:28] {ese} with les and nemo i mean
[09:28] {ese} all is right with the world...........i'm good now
[09:30] {nemo} usg gonna' be strong today
01[09:32] {Threei} Short Setup: FCX  .50 break hl
01[09:32] {Threei}  If holds  .55 
01[09:33] {Threei}  nope
01[09:33] {Threei}  spread is jumpy
[09:37] {nemo} this is going to be an educational day
01[09:37] {Threei}  let's observe, maybe things tighten
[09:38] {nemo} or the market takes an enema
01[09:38] {Threei}  did you see this on FCX?
01[09:38] {Threei}  sudden drop under .25 and immediate recovery to above .40
[09:39] {robbers} Saw it.
[09:39] {ese} i'm surprised the system actually works today vad
[09:39] {scottie} .13 gap
[09:39] {dino} rrc drop
01[09:42] {Threei} Long Setup:  GLD  .75 break hl
[09:42] {dino} wu seems a bit overdone, 6% lowere drops 27%
[09:43] {ese} L btu .46
[09:44] {nemo} scalp everything, won't take much volume to throw a brick through a level
01[09:44] {Threei}  guys, are you getting charts for SLW or SPY on laser?
[09:45] {scottie} yes on server #2
[09:45] {dino} wu hl l .35
01[09:45] {Threei}  Invalidated  GLD 
01[09:47] {Threei} Short Setup: LVS  .65 break hl
01[09:47] {Threei}  If holds  .75 
[09:48] {ese} hmmmmm btu kinda a higher low 1min chrt
[09:48] {nemo} iwm grinding up
01[09:48] {Threei}  1:1
[09:48] {ese} nahhh lets call it a couble bottom
[09:48] {ese} double
[09:49] {scottie} Couldn't take lvs, too fast for me
[09:49] {ese} i;m up .03.......sell sell selll
[09:49] {ese} nahhhhh
[09:50] {cc_8} "Just saw a note in my building that power will be out for at least 5 more days. Roadtrip anyone?" - twitter post from Wall Street Broker
[09:50] {ese} btu not participating here.........hmmmmm not a good sign
01[09:50] {Threei} Long Setup:  POT  .45 break
01[09:50] {Threei}  hl of course
01[09:51] {Threei}  If holds  .35 
[09:51] {ese} no thanks ...don't do the stuff
[09:52] {dino} out wu .72, +.34
01[09:53] {Threei}  wtg
[09:53] {dino} ty
01[09:54] {Threei}  LVS 1:2 in case someone got it
01[09:59] {Threei} Long Setup:  SPXU  40 break
01[09:59] {Threei}  If holds  .90 
01[09:59] {Threei}  let's make hl default today
[10:02] {dino} tumi hl l .64
[10:05] {dino} wu hl l .26
01[10:05] {Threei}  things don't move much
[10:06] {nemo} lvs looks interesting over .50
[10:06] {nemo} no volume though
01[10:11] {Threei}  SPXU 1:1
[10:14] {ese} sheesh.............go to the washroom and ya get cut off
01[10:14] {Threei}  1:2, out
[10:15] {dino} gj
01[10:15] {Threei}  ty
[10:15] {scottie} spxu +.18 tks
01[10:16] {Threei}  :)
[10:19] {dino} tumi to .00
[10:19] {dino} out +.36
[10:21] {dino} wu stuck stop to .24
[10:22] {dino} out -.02
[10:24] {dino} irg drop
01[10:27] {Threei} Short Setup: FCX  .20 break
01[10:27] {Threei}  ugh, late
01[10:27] {Threei}  maybe second chance
[10:27] {ese} good bounce ya caught there with TUMI dino......it didn't bounce much
01[10:27] {Threei}  If holds  .25 
[10:28] {dino} ty ese
[10:28] {dino} great report and raised tumi
[10:28] {ese} could still go higher probably
[10:29] {ese} i'm outta here though.....still L btu .46...........1200......stop is in.....we'll see what happens end of the day....cya tomorrow
01[10:30] {Threei}  take care ese
01[10:35] {Threei}  no go FCX
[10:41] {scottie} agnc l .90 ?
01[10:42] {Threei}  unless loses .80
[10:51] {scottie} dis s .20 ?
01[10:51] {Threei}  not sure
[10:51] {scottie} ok
01[10:59] {Threei}  can I change my answer on DIS? :)
[10:59] {scottie} Let's get backward a few minutes
[11:00] {dino} 07 red
01[11:03] {Threei}  grrr
[11:05] {dino} wu hl l .09 stop .99
01[11:07] {Threei} Short Setup: LVS  46 break
01[11:07] {Threei}  If holds  .10 
01[11:11] {Threei}  probably two-sided
01[11:15] {Threei}  (GR) Germany Fin Min: EMU fin min teleconference on Greece made good progress but no final decision has been made yet- Does not expect Trioka report before 11th or 12th of November - Sees this date as "ambitious" as there are many unanswered questions. Had asked for a decsion by the end of the month. - Reiterates that a lack of trust is the Eurozones biggest problem - Greece must meet conditions to continue its next aid tranche - Confirms that Parliament must vote on next tranche of Greek aid }- A haircut for Greece is not a possibility - Eurogroup statement: expect to make final decision on Greece at Nov 12 meetin
01[11:16] {Threei} Short Setup: FIO  .30 break
01[11:16] {Threei}  If holds  .40 
01[11:19] {Threei}  Invalidated  
01[11:26] {Threei}  (US) NYSE reports everthing is operating normally and expects a normal close at 4pm
[11:27] {nemo} well...that instills me with confidence
01[11:29] {Threei}  LVS 1:1 on a long side
[11:29] {nemo} cat
[11:34] {nemo} Well, the indexes are trading consistently
01[11:36] {Threei} Long Setup:  CAT  .60 break
01[11:36] {Threei}  If holds  .50 
[11:40] {Les} 2 sided?
[11:41] {nemo} yeah, but...were's next support, what's Risk/Reward?
[11:41] {Les} .30 i see it
01[11:41] {Threei}  I think so
[11:46] {dino} tumi hl l .69
[11:46] {dino} pulp moves
[11:47] {dino} wu stop -.10
[11:52] {dino} gpi spike
01[11:52] {Threei}  1:1
[11:53] {nemo} cat if breaks .80 should go to the whole and then perhaps to vwap
[11:54] {scottie} +.20 tks Vad
01[11:54] {Threei}  :)
01[11:54] {Threei}  out too
[11:54] {nemo} gdx going
01[11:55] {Threei}  I already swore at myself for missing it at 52.40 break
01[12:01] {Threei} Long Setup:  GLD  167 break
01[12:01] {Threei}  If holds  .94 
01[12:15] {Threei}  half out
01[12:15] {Threei}  surprizngly, it turns out fine trading day
01[12:15] {Threei}  who would have thought
[12:15] {nemo} thunk
[12:17] {Les} cool. I go live tomorrow
[12:18] {Les} not a frikin word nemo
[12:19] {Les} anyone using the fusion trading platform?
[12:20] {nemo} I heard you are THE Beta tester
[12:21] {dino} wcg hl l .20
[12:21] {Les} ok so I'm it
01[12:25] {Threei}  http://togs.im/ihdx1
01[12:25] {Threei}  incredible photos from the Sandy wake
01[12:31] {Threei} Short Setup: LVS  .05 break
[12:33] {Les} great photo of breezy point
[12:33] {Les} teleported?
01[12:33] {Threei}  got .03
01[12:34] {Threei}  stop .11
01[12:34] {Threei}  46 is last line of defense
[12:35] {nemo} spy coming into volume support
[12:43] {Les} b'day today. off for drinks. c u's tomorrow
01[12:44] {Threei}  people should stop disconnecting this fast
[12:44] {nemo} he was spawned from Hell
01[12:45] {Threei}  how are we supposed to be polite and say good bye
[12:45] {nemo} I'd rather talk about him behind his back when he's gone
01[12:45] {Threei}  not a problem for nemo who isn't supposed to be polite
[12:45] {dino} out tumi ave .00, +.31
01[12:45] {Threei}  how is tbell I wonder... NY
01[12:46] {Threei}  got relatives in Greenwich CT also, can't get them on the phone
[12:56] {dino} csgp drop
[13:08] {dino} out wcg .44, +.24
[13:08] {dino} taking a breqak
[13:08] {dino} lol break
01[13:08] {Threei}  nice work
[13:13] {nemo} spy probably making a pivot or vwap run
01[13:32] {Threei} Long Setup:  HD 
01[13:32] {Threei}  .50 break
01[13:32] {Threei}  If holds  .40 
[13:36] {Will49} Good Morning
01[13:36] {Threei}  will :)
01[13:36] {Threei}  hurricane?? :)
01[13:36] {Threei}  HD target 1:3
[13:36] {Will49} Had a procedure at Royal Jubillee this morning. Still a bit woozy so will just watch today
01[13:36] {Threei}  oh wow
01[13:37] {Threei}  everything's OK?
[13:37] {Will49} Yes, all good
01[13:37] {Threei}  :)
[13:41] {nemo} gs strong today
01[13:43] {Threei}  will, lemme entertain you meanwhile: http://photography.realitytrader.com/2012/10/todd-inlet-trail.html
[13:48] {Will49} Just outstanding Vad! Where is Todd trail?
01[13:48] {Threei}  near Butchart
[13:48] {Will49} ahhh
01[13:48] {Threei}  very easy access
01[14:03] {Threei}  1:1
[14:25] {nemo} spy goes right to vwap
01[14:26] {Threei}  ugh
01[14:27] {Threei}  was thinking of LVS .20 long, and decided to refrain...
01[14:27] {Threei}  that's third regret today
01[14:27] {Threei}  DIS, GDX, now this... I am too much on a conservative side today
[14:28] {Will49} How is today going (in general)
01[14:28] {Threei}  positive
[14:31] {dino} good
[14:31] {Will49} tks guys
01[14:33] {Threei}  both tbell and cipher are off... hope they are OK
[14:34] {dino} hio drop
[14:35] {Will49} hio silver
[14:36] {dino} lol
[14:37] {Will49} at least somebody in the room is old enough to remember
[14:38] {Will49} I think there's a remake in the works no?
[14:38] {nemo} I like the Bill Cosby skit myself
[14:39] {Will49} Yea, Jonny depp playing Tonto
[14:39] {nemo} I saw the Dark Shadows remake...quite campy
[14:40] {dino} w/johnny depp?
[14:40] {nemo} yep
[14:40] {dino} yeah, just watched that
[14:40] {nemo} played Barnabas Collins...love Eva Green
[14:40] {Will49} Depp is great even though a bit wierd
[14:41] {nemo} normal is boring
[14:41] {nemo} like Les
[14:41] {dino} odd but funny movie
[14:42] {nemo} agree
[14:42] {Will49} Depp reminds me of nemo; wierd but successful
[14:42] {dino} lol
01[14:42] {Threei}  lol
[14:43] {nemo} depends on your definition of success
[14:43] {dino} calling it a day. good one, no point in messing it up
[14:43] {Will49} In fact, from now on I'll envision depp when I think of nemo
[14:43] {nemo} better not share the link, huh Vad ;-)
[14:44] {nemo} Haven't seen Al yet, he might kill me
01[14:44] {Threei}  take care dino
01[14:44] {Threei}  what link will?
01[14:44] {Threei}  sorry, nemo
[14:45] {Will49} oohhhh LVS
01[14:45] {Threei}  yeah
[14:48] {scottie} BIDU S 107 ?
01[14:53] {Threei}  smaaal shares
01[14:53] {Threei}  this thing can be jumpy
[14:57] {scottie} forget it
01[14:57] {Threei}  yeah
01[14:57] {Threei} Long Setup:  LVS  .20 break
[15:04] {nemo} bidu stop trading?
01[15:05] {Threei}  yeah
[15:05] {nemo} but dino left
[15:05] {nemo} indexes have behaved remarkably well
[15:08] {nemo} wow NFLX
[15:08] {nemo} 40k calls before it was halted
[15:10] {nemo} any news vad?
01[15:14] {Threei}  Netflix Inc Icahn discloses 9.98% stake in the NFLX - filing- Now holds a position of 5.54M shares - Icahn says he may seek to have discussions with the company - "The Reporting Persons acquired the Shares with the belief that the Shares were undervalued due to the Issuers dominant market position and international growth prospects. The Reporting Persons believe Netflix may hold significant strategic value for a variety of significantly larger companies that are engaging in more direct competition with one another due to the evolution of the internet, mobile, and traditional industry."
01[15:14] {Threei}  out LVS
01[15:14] {Threei}  +.24
[15:15] {Will49} Me too vad TKS
01[15:15] {Threei}  :)
01[15:15] {Threei}  (GR) Principle haircuts to Greece Eurozone loans said to be off the table - financial press- Examining if Greece Should Continue to Repay Debt Restructuring Holdouts
[15:30] {scottie} bidu :(
01[15:37] {Threei}  that'd be 4th one to regret today eh?
[15:38] {scottie} could have would have should have :)
[15:53] {Will49} See you tomorrow guys
[15:54] {scottie} gn all
01[15:54] {Threei}  thank you all
01[15:54] {Threei}  have a good evening, see you tomorrow