Thursday, October 4, 2012

Oct 4 2012

Nice morning, dead afternoon, nice end of day. Profitable with no exciting adventures, as trading should be.


Session Time: Thu Oct 04 00:00:00 2012
[08:37] {nemo} job numbers not good by small margin, market doesn't care, buying it
01[08:59] {Threei}  yawn
[08:59] {goryl} gm boss:)
01[08:59] {Threei}  what the deuce, will my body ever switch the time??
01[08:59] {Threei}  goryl :)
[09:03] {jackharry} good morning
01[09:03] {Threei}  jack :)
[09:10] {dino} gm
01[09:10] {Threei}  dino :)
01[09:13] {Threei}  so, romney proved me so very wrong yesterday
[09:17] {dolores} good morning!
01[09:17] {Threei}  dolores :)
[09:18] {Beau} gm
01[09:18] {Threei}  beau :)
01[09:19] {Threei}  don't know if it has much impact on election results, but it was amazingly strong performance under tremendous pressure
[09:20] {robbers} FWIW:  http://www.marketwatch.com/story/thursdays-biggest-gaining-and-declining-stocks-2012-10-04?link=MW_latest_news
[09:22] {scottie} good morning
01[09:22] {Threei}  scottie :)
01[09:22] {Threei}  HPQ is weak again
[09:22] {Will49} gm
01[09:22] {Threei}  will :)
01[09:28] {Threei}  http://goo.gl/pMfdi
01[09:32] {Threei}  ugh... thought of HPQ .65 short
01[09:32] {Threei} Short Setup: FCX  .90 break hl
01[09:33] {Threei}  .97 stop
01[09:33] {Threei}  awww HPQ
01[09:34] {Threei}  half out FCX
01[09:34] {Threei}  stop .91
01[09:35] {Threei}  out in full
01[09:35] {Threei}  nice 20 cents start
01[09:35] {Threei}  if I may say so myself
[09:36] {Will49} nice
[09:36] {scottie} +.21 great start
01[09:36] {Threei}  :)
01[09:38] {Threei} Short Setup: LVS  .20 break
01[09:38] {Threei}  If holds  .26
01[09:39] {Threei}  official line by Obama campaign: Romnry practiced a lot and won on theatrical performance
01[09:40] {Threei}  nothing like sore loser
[09:41] {dino} he got his butt kicked and he looked old and cranky
01[09:41] {Threei}  half out LVS
01[09:42] {Threei}  ok dino, stop hinting that he looked like me, okay}
01[09:42] {Threei}  stop .21
[09:43] {nemo} financials strong
[09:43] {nemo} nflx
[09:44] {nemo} dino .00 level
[09:44] {nemo} what .00 level
[09:45] {nemo} things look down
[09:46] {nemo} dollar down too
[09:48] {dptl} gm
01[09:48] {Threei}  dp :)
[09:50] {nemo} is the market trading
[09:51] {nemo} what's up with MCK
01[09:52] {Threei}  extension of Rite Aid deal
01[09:52] {Threei}  announced yesterday after close
01[09:54] {Threei}  (JP) Japan has withdrawn its ambassador from Taiwan in protest over clashes related to the disputed Senkaku Islands - Kyodo
01[09:54] {Threei} Long Setup:  HPQ  .40 break
01[09:55] {Threei}  If holds  .30
[09:59] {nemo} WMB
01[10:00] {Threei}  *(US) AUG FACTORY ORDERS: -5.2% V -5.9%E
01[10:01] {Threei} Short Setup: POT  .55 break
01[10:01] {Threei}  If holds  .60
[10:02] {dptl} fdo l?
01[10:03] {Threei}  meh
[10:05] {dptl} in hpq
[10:05] {dolores} too fast
[10:06] {dptl} i got .40
[10:10] {dptl}   i am out hpq
[10:11] {dptl} didt go with that moove, i don't like that
[10:25] {nemo} fcx .30 break interesting
[10:42] {scottie} rpm l .50?
[10:42] {scottie} in .52
01[10:43] {Threei}  you see the spread, right?
01[10:43] {Threei}  keep size reasonable
[10:44] {scottie} 100 shares only, offer .62
[10:46] {scottie} out +.10
[10:54] {dptl} hpq what the heck?
01[10:55] {Threei}  yeah
[10:56] {dptl} gmcr .25 l?
01[10:57] {Threei}  small shares
01[10:57] {Threei}  pulp
[10:57] {dptl} ye. bit jumpy today
[10:58] {dptl} lrcx .90 l?
01[11:00] {Threei}  I think so
[11:02] {scottie} sbux l .49?
[11:02] {scottie} 49
01[11:03] {Threei}  margunal setup...
01[11:03] {Threei}  marginal too
[11:03] {scottie} tks
[11:04] {dptl} lyb .50s?
[11:05] {dptl} missed
[11:05] {dptl} lrcx invalidated
[11:06] {dolores} hpq against market market up was coming down now market pullback and holds
[11:12] {dptl} jeezzz  stopped gmcr
[11:12] {dptl} look at that
01[11:12] {Threei}  [10:57] {Threei} pulp
01[11:13] {Threei} Long Setup:  INFA  .10 break
01[11:13] {Threei}  hl
01[11:13] {Threei}  If holds  25
[11:13] {dptl} yeah small but heck its just fell
[11:14] {dptl} in
01[11:14] {Threei}  pulp too
01[11:14] {Threei}  can go to .45
[11:15] {dptl} stopped
01[11:15] {Threei}  no go
[11:19] {dolores} INFA no go??
[11:23] {dptl} cog .85 s?
01[11:23] {Threei}  tagged under 25, dolores
01[11:24] {Threei}  can't tell dp
[11:26] {dolores} wow amazing INFA
[11:32] {nemo} support in the 23 area
[11:32] {dolores} thats low
[11:33] {Will49} hey..nemo is awake after all
[11:33] {dolores} can make a mess here if it tests those lows
[11:36] {dolores} looksit will !!
[11:37] {Will49} he's glued to INFA looking for the kill
[11:38] {nemo} nah, on the phone with ebay...sold an item, the buyer screwed me
[11:38] {nemo} too far away to kill
[11:38] {Will49} you didn't sell bunny did you?
[11:39] {Will49} INFA...the red energizer bunny
[11:40] {thomcbell} support?  - it is below a downward sloping 200sma that is currently 17 dollars above
[11:40] {thomcbell} for a 24 dollar stock
[11:43] {scottie} rpm l .80 ?
[11:44] {scottie} gone
[11:44] {Will49} good eye though
[11:45] {scottie} tks will
[11:46] {dptl} gild .60 l?
[11:47] {dptl} nah,
[11:48] {scottie} talking to yourself dp?
01[11:48] {Threei}  he has no bunny
[11:48] {dptl} lol yeah
[11:49] {Will49} I met dp's bunny at your BBQ
[11:49] {dptl} vz long may be?
[11:50] {dptl} with .55 stop
01[11:51] {Threei}  15 cents range
[11:51] {dptl} ye...
[11:57] {dptl} mpc .10s?
01[11:58] {Threei}  50/50
01[11:58] {Threei}  can't tell
[12:00] {dptl} jcp .50 s?
01[12:03] {Threei}  for a scalp
01[12:03] {Threei}  could be
[12:03] {dptl} shorted mcp
01[12:03] {Threei}  better yet, just take it here
01[12:04] {Threei}  woth .61 stop
[12:04] {dptl} mpc
[12:08] {dptl} nope stopped mpc
[12:15] {cc_8} Bank of America has published a research report on Hewlett-Packard (NYSE: HPQ) that downgraded the company from Buy to Neutral.
[12:15] {dptl} ok in jcp .54 stop .61
[12:16] {dptl} stopped
[12:17] {dptl} taking a break
[12:18] {dolores} JCP 23.59 if holds .65?
01[12:19] {Threei}  not sure... random drifting
[12:20] {dolores} ok up now thxs
[12:25] {Beau} vad about :03 FCX l stp .25 where enter-.30?
01[12:27] {Threei}  sorry beau... asking about new play or some of old ones?
[12:28] {Beau} old one.  just learning
[12:29] {Beau} at 12:03
01[12:29] {Threei}  I don't see such call... what time?
01[12:29] {Threei}  oh
01[12:29] {Threei}  at that time I see .30 break with .20 stop
[12:30] {Beau} ok thx
[12:33] {dptl} l hes .60
[12:34] {dptl} .50stop
01[12:54] {Threei}  pushing it too much dp
01[12:54] {Threei}  market does nothing
[12:56] {dptl} ye ....i guess i am done for today
[13:13] {nemo} nke
01[13:20] {Threei}  (ES) Spain Econ Min de Guindos: Spain does not need a bailout, ECB proposals are not about a bailout; Spain is a sustainable economy, the euro's future is dependent on Spain- Declining labor costs will help increase competitiveness. - There is not alternative to cutting the deficit. - Elections are not a factor for the govt in making economic policy. - Will price bad bank assets cautiously; comfortable in finding investors
[13:27] {nemo} looks like we rip higher soon
[13:35] {Will49} Vad..is FCX developing a JBE?
01[13:36] {Threei}  .60 one was a bit better-looking, but yeah
[13:36] {Will49} tks
01[13:40] {Threei}  FOMC minutes at 2
01[14:37] {Threei}  OK, probably time for activity to resume in about 15 min
[14:38] {goryl} see u all tomorrow
01[14:38] {Threei}  morning was decent, aftrenoon is very dead
01[14:38] {Threei}  take care goryl
01[14:39] {Threei}  let's watch HPQ as long candidate
01[14:39] {Threei}  daily candle looks bottoming out, and should attract some buyers for overnight hold
01[14:40] {Threei}  we might be able to get some long play on their back
01[14:42] {Threei} Long Setup:  HPQ  .90 break
01[14:42] {Threei}  If holds  .85
01[14:42] {Threei}  let's keep it very tight for now
01[14:45] {Threei} Long Setup:  FCX  .60 break
01[14:45] {Threei}  If holds  .50
01[15:02] {Threei}  step back, two steps forward
01[15:03] {Threei}  as long as not the other way around, fine with me
01[15:03] {Threei}  anyone's awake?
[15:03] {scottie} barely
01[15:03] {Threei}  undretand
[15:03] {Will49} we noobies are getting another lesson in patience
01[15:04] {Threei}  ummm... let me try again
01[15:04] {Threei}  understand
01[15:04] {Threei}  there... I can type the 3 syllabus word on secont attempt
[15:04] {scottie} improving lol
[15:04] {Will49} maybe it's just me who's impatient
01[15:05] {Threei}  we are getting there, will
01[15:05] {Threei}  look, merely 2 cents left to 1:1
[15:05] {Will49} one forward two back describes my trading pratice
[15:05] {Will49} practice
01[15:06] {Threei}  1 cent
01[15:06] {Threei}  yesss... 1:1
01[15:06] {Threei}  half out
01[15:06] {Threei}  now let's see if it can break .70
01[15:07] {Threei}  stop to .59 for the balance
01[15:07] {Threei}  cool beans
[15:08] {Will49} patience pays again
[15:08] {dptl} wheu...out has finaly +.41
[15:08] {dptl} hes
01[15:09] {Threei}  nice dp
[15:09] {Will49} way to go DP
[15:10] {dptl} ty....fixed the day a bit....see ya tomorrow all
[15:10] {scottie} gj dp
01[15:10] {Threei}  take care dp
[15:12] {robbers} see ya, dp.
[15:13] {Will49} I'm starting to see JBEs all over the place:)
01[15:13] {Threei}  and dead people?
[15:13] {Will49} :D
[15:14] {scottie} in hpq .905
01[15:15] {Threei}  FCX chews its way through to 1:2
01[15:15] {Threei}  let's make 1:3 final target
[15:15] {robbers} I'm out FCX, thanks Vad.
01[15:15] {Threei}  offer 1/4 at 1:2
01[15:15] {Threei}  welcome sir
01[15:18] {Threei}  37% Say U.S. Heading in Right Direction
01[15:18] {Threei}  I swear it's those who think over the cliff is the right direction
[15:19] {scottie} out +.19 ty Vad
01[15:19] {Threei}  1:2 bay
01[15:19] {Threei}  baby too
01[15:19] {Threei}  1/4 more out
01[15:19] {Threei}  yw
[15:20] {Will49} out + 20 tks Vad
01[15:20] {Threei}  :)
[15:28] {Will49} is HPQ l still a play?
[15:29] {Will49} oops
01[15:29] {Threei}  i doubt it
[15:30] {scottie} I'm still in from .905, hard stop at .84, will see what happens
01[15:30] {Threei}  valid view
01[15:30] {Threei}  risk is small
[15:46] {dolores} ok guys take care see you tomorrow
01[15:47] {Threei}  take care dolores
[15:47] {dolores} thxs VAD
01[15:47] {Threei}  yw :)
[15:47] {Will49} Great day Vad
01[15:48] {Threei}  :)
01[15:55] {Threei}  OK guys, let's call it a fday
01[15:55] {Threei}  thank you all, have a great evening
01[15:55] {Threei}  see you tomorrow
[15:56] {scottie} getting late, out breakeven
[15:56] {scottie} see you tomorrow
[15:56] {Will49} no risk no reward eh scottie?
[15:56] {Will49} good try though
[15:57] {scottie} Now it will probably go up