Monday, October 8, 2012

Oct 8 2012


One of a rare bug days (as in "some days you are a windshield and some days you are a bug"). Not much worked; two nice trades (TNA for 1:3 and AIG for 1:2) helped to take some sting out but still left the day in red.


Session Time: Mon Oct 08 00:00:00 2012
[08:51] {nemo} nflx
01[08:55] {Threei}  I guess daily denial of Spain need of a bailout is simply necessary for their bowel movement:
01[08:55] {Threei}  (DE) German Fin Min Schaeuble: Reiterates Spain does not need a bailout program, we should trust Spain when they say they do not need a bailout
[08:56] {goryl} gm
01[08:56] {Threei}  goryl :)
[08:59] {cipher} morning
01[09:00] {Threei}  cipher :)
[09:05] {dino} gm
[09:07] {scottie} good morning
01[09:08] {Threei}  scottie :)
[09:16] {Beau} gm
01[09:16] {Threei}  beau :)
[09:21] {nemo} qcor nflx in play
[09:22] {Will49} gm
[09:22] {dptl} gm
01[09:23] {Threei}  will, dp :)
[09:26] {ese} gm
[09:26] {nemo} nflx looks like it'll go momo
01[09:26] {Threei}  ese :)
01[09:28] {Threei}  QCOR is upgraded by Lazard... same Lazard had upgrade on it before big drop, so this is highly suspect
01[09:31] {Threei} Short Setup: HPQ  .60 break
01[09:32] {Threei}  stop .66
01[09:35] {Threei}  no go
[09:36] {dptl} vlo .50 s?
01[09:36] {Threei} Short Setup: LVS  .90 break
01[09:36] {Threei}  If holds  45
01[09:38] {Threei} Long Setup:  FCX  .20 break
01[09:38] {Threei}  If holds  .15
[09:38] {dptl} half out vlo
[09:40] {ese} nope
01[09:40] {Threei}  LVS target 1:2
01[09:41] {Threei}  FCX rinse
[09:41] {ese} clf
01[09:42] {Threei}  ugh
[09:42] {ese} indeed
[09:42] {nemo} lvs looking long above .95 now
[09:43] {nemo} see offer .95
[09:43] {nemo} flash order
[09:44] {thomcbell} fcx impressive
01[09:44] {Threei}  no kidding
[09:45] {nemo} it flashed at .00
01[09:45] {Threei}  1:4 after rinse
[09:46] {thomcbell} wow
[09:46] {ese} bastard
01[09:49] {Threei} Long Setup:  GDOT  .30 break hl
01[09:49] {Threei}  If holds  .20
[09:50] {nemo} or short .25 break
[09:51] {ese} crap.......couldn't get in
[09:51] {nemo} yeah, broke fast
[09:52] {ese} sacreh blues
01[09:52] {Threei}  grrr
[09:52] {nemo} classic, had to be in before break
[09:52] {thomcbell} i swept it good vad - thanks on gdot
01[09:53] {Threei}  :)
[09:53] {thomcbell} made a quick 0.13 cent s
[09:53] {thomcbell} fcx getting a bit excited here
[09:54] {thomcbell} looking for a pattern to develop to short
[09:54] {thomcbell} big gain back to the pivot - and above here
[09:55] {thomcbell} also looking to short qcom near friday low if it can get there - 62.40 area
[09:56] {dino} vhc sm l .05
[09:56] {dino} stop is .74
01[09:57] {Threei} Short Setup: FCX  .75 break
[09:57] {nemo} oy
[09:58] {dino} stop
01[09:59] {Threei}  no chance FCX?
[10:00] {scottie} no
[10:00] {Will49} no
[10:00] {thomcbell} tough entry there
[10:01] {goryl} still valid Vad?
[10:02] {goryl} it touched 1:1 so i backed off
01[10:02] {Threei}  yeah, let's let it go
[10:06] {ese} damn it.......i'm going back to bed clf kmx mpc......3 or 4 oportunities to pull the trigger and didn't do it.........gonna go get a beer
[10:07] {Will49} no better choice on a Thanksgiving morning
01[10:07] {Threei} Long Setup:  SLW  .80 break
01[10:07] {Threei}  friking FCX
01[10:07] {Threei}  1:2
[10:10] {thomcbell} i no like slw
01[10:10] {Threei}  sheesh
01[10:10] {Threei}  is it one of those days?
[10:12] {nemo} grind up day
[10:12] {dptl} pay .50l?
[10:12] {ese} L jpm .39
01[10:13] {Threei}  PAY is very similar setup to SLW
[10:14] {goryl} 50 break?
01[10:14] {Threei}  ?
[10:15] {Will49} :s
[10:15] {goryl} on pay
01[10:15] {Threei}  that's what dp asked about
[10:15] {goryl} ok
[10:15] {Will49} treacherous
[10:16] {dptl} vlo l? here
01[10:16] {Threei}  no
01[10:17] {Threei}  it's thurd setup of the same kind, two failed
[10:17] {dptl} ok
01[10:20] {Threei} Short Setup: FCX  .60 break
[10:20] {dptl} low .50 s?
01[10:21] {Threei}  I think sio
[10:21] {ese} out jam .38 -.01
[10:21] {ese} jpm
[10:21] {ese} lookin weak
01[10:24] {Threei}  FCX target 1:2
01[10:33] {Threei}  die alreay, will ya??
01[10:34] {Threei}  stop .66
01[10:35] {Threei}  sigh
01[10:36] {Threei}  I think I need some new jet lag
[10:37] {Will49} :/
[10:39] {dptl} coh .55 l?
01[10:40] {Threei}  looks like
[10:45] {ese} I don't have many crappy trading days...............but this is one of them
[10:46] {Will49} maybe the turkey gods are punishing us for trading on Thanksgiving
[10:46] {ese} and I haven't lost any money yet
[10:47] {ese} boy i'll say will
[10:50] {nemo} tpx
[10:51] {dptl} stuck in coh
01[10:53] {Threei} Long Setup:  AIG  .65 break
01[10:53] {Threei}  If holds  .60
01[10:57] {Threei}  GR) Greece PM Samaras: Chancellor Merkel's visit to Greece will be 'decisive'; a new chapter in Greece and Germany relations should be formed
[10:57] {nemo} frickin cat, perfect VWAP bounce of 84.80
01[10:57] {Threei}  what was that joke about Merkel at the Greek custom...
01[10:58] {Threei}  name? --Merkel. Nationality? --- German. Occupation? -- no, just visting
01[11:01] {Threei}  and there you go:
01[11:01] {Threei}  (EU) ECB's Weidmann: Banking union should be provided the authority to intervne in national budget
01[11:01] {Threei}  The House of Representatives' Intelligence Committee recommended that Chinese telecom equipment giants Huawei and ZTE pose massive security risks and should be shut out of the US market. At issue is potential Chinese state influence on the two firms, which failed to satisfy the committee's requests for documents and detailed information about formal relationships or regulatory interaction with Chinese authorities. According to the committee, Huawei in particular may be guilty of bribery and corruption, discriminatory behavior and copyright infringement. Huawei is the world's second-biggest maker of network routers and switches after Ericsson, while ZTE is fifth largest
[11:05] {dptl} stopped coh
[11:06] {scottie} unh s .40 ?
[11:06] {dptl} wlt l .70?
01[11:06] {Threei}  well, yes
01[11:06] {Threei}  although I don't know why anyone would want my opinion today :)
[11:06] {scottie} lol
[11:07] {scottie} did you say yes to dp or to me
01[11:07] {Threei}  both
[11:07] {thomcbell} would be a boon for csco
[11:08] {thomcbell} not exactly a good day trading stock with ATR of 0.35 cents and 0.19 cents off low
[11:08] {goryl} Vad, the LVS short this morning, the stop was 45 so i was waiting for it to print 45.01 and had a limit at 45.02.  It jumped over the 45.02 so by the time i adjusted the order i got out at .08  How do you manage a stop like that? do u adjust a couple of cents higher and wait?  I need to improve on those:)
01[11:09] {Threei}  on stops I have limit a little looser than on entries
[11:09] {goryl} ok, thanks
01[11:09] {Threei}  if it jumps fast over that, ait a few seconds, they normally return when move this fast
01[11:10] {Threei}  but if not, what can you do but get out
[11:10] {dptl} stopped wlt
01[11:14] {Threei} Short Setup: CLF  .80 break
01[11:16] {Threei}  target 1:3
01[11:23] {Threei}  I have no comments
01[11:23] {Threei}  well, I do, but none of them can be used in any decent company
[11:24] {scottie} who are you calling decent?
[11:24] {dptl} well scotties unh may work
[11:24] {Will49} this is wahta mama warned me about
[11:26] {dino} merkel joke when asked by customs, "I see you're German. Occupation?", merkel, "In about two weeks."
01[11:26] {Threei}  lol
[11:28] {ese} dino ...you still vhc
[11:32] {ese} i just got that joke.........don't mind me..slow all around this morning
[11:41] {scottie} unh stopped
[11:41] {dptl} ahh...stopped unh
01[11:42] {Threei} Long Setup:  TNA  .70 break
[11:44] {ese} missed
[11:44] {Will49} me too
01[11:44] {Threei}  here it is again
[11:44] {nemo} srpt
[11:45] {nemo} .80 offer
[11:45] {dino} ese, no, stopped minutes after entry. watching it tho
[11:45] {ese} same
[11:45] {ese} watching it
[11:45] {Beau} .60?
01[11:47] {Threei}  ?
[11:47] {Beau} tna stp
01[11:47] {Threei}  target 1:3
01[11:47] {Threei}  oh... yes, of course
[11:47] {ese} thats me bidding 600 at .20 dino
[11:48] {dino} i see ya
[11:48] {dino} should get to s2
[11:49] {ese} L
[11:55] {ese} stop to .17
[11:56] {ese} tight
[11:56] {dino} i'm in .20
01[11:56] {Threei}  1:2
01[11:57] {Threei}  just when you thought I was beyond hope
[11:57] {ese} stop to .06
[11:57] {ese} then
[11:57] {Will49} tks Vad first win today
[11:57] {Will49} for me
[11:58] {Will49} 1:2
01[11:59] {Threei}  1:3 target hit, out
[11:59] {scottie} out +.27 tks Vad
01[11:59] {Threei}  haleluja
[11:59] {Will49} hooray!!!!!
[11:59] {robbers} nice find, tna.
[11:59] {Will49} a diamond among the turds
[12:00] {ese} clf for you guys?  
[12:03] {scottie} perfect target tna
01[12:04] {Threei}  I need two more like this to fix the day
[12:07] {dptl} pay s.05?
[12:08] {scottie} expd l .25 ?
01[12:08] {Threei}  chart is right... and none of these setups worked today
01[12:08] {Threei}  EXPD, well
01[12:09] {Threei}  yes but I would prefer antry on pullback
[12:09] {scottie} in .26
[12:10] {scottie} stop .19
[12:10] {ese} L qcor .86
[12:14] {ese} out qcor .08 +.22
[12:14] {dptl} hes .80 l
01[12:16] {Threei} Long Setup:  CAT  .70 break hl
01[12:17] {Threei}  aggressive for .80 break
01[12:17] {Threei}  target 1:3
[12:17] {cc_8} First Solar (NASDAQ: FSLR), Kiran Energy Solar Power Pvt. Ltd. and Mahindra Solar One Pvt. Ltd. have completed an agreement for the supply of First Solar's advanced, thin-film solar modules
[12:18] {ese} what did you figure the target should be  with vhc dino
[12:22] {ese} was thinking .80
[12:24] {ese} it's gonna drive me nuts dino
01[12:25] {Threei}  back to our usual programming
[12:25] {Will49} BOHICA
[12:26] {ese} lol
[12:26] {dptl} big time BOHICA :)
[12:26] {Will49} ya man
[12:26] {Will49} repetitive BOHICA
[12:27] {dptl} lol
[12:27] {scottie} I'm out of vaseline
[12:27] {Will49} lol
[12:28] {dptl} well thanksgiving....means you have to give something...lol
[12:28] {Will49} I only signed up to give thanks
[12:28] {dptl} come on hes move
[12:29] {dptl} target 54.24
[12:36] {dino} .48 ese
[12:38] {ese} tks
[12:44] {ese} out 1/2 dino .41 300 to go
[12:48] {nemo} cat
[12:54] {nemo} petm
[12:56] {dino} gj
[13:08] {nemo} fcx
[13:10] {dptl} pay .31 s?
01[13:11] {Threei}  yeah
[13:12] {dptl} also bhi .65 s?
[13:13] {dptl} in pay
[13:17] {dptl} stop above .10 pay
[13:18] {nemo} lly dino
[13:18] {nemo} wtf!
[13:20] {nemo} news LLY?
[13:21] {dino} phase 3 results
[13:21] {dino} alzheimers
01[13:26] {Threei}  Eli Lilly and Co Announces Detailed Results of the Phase 3 Solanezumab EXPEDITION Studies- Analysis, as previously reported, showed primary endpoints, both cognitive and functional, were not met in the two Phase 3, double-blind, placebo-controlled solanezumab EXPEDITION trials in patients with mild-to-moderate Alzheimer's disease
[13:29] {dino} then why is it up?
[13:29] {ese} what did you just print?
[13:32] {dino} sm s .24
[13:35] {dptl} fslr .20s?
01[13:36] {Threei}  I think so
[13:43] {dptl} may be aggresive .24 fslr?
01[13:44] {Threei}  not sure
[13:44] {dino} lly stop -.31
[13:45] {ese} where did you exit vhf dino
[13:45] {ese} vhc
[13:47] {dino} still in
[13:47] {dino} stop is .54
[13:48] {dino} ntwk drop
[13:51] {dptl} pay i hope will pay..... lots of room to go
[13:51] {ese} L mdrx .76 avg .78
[13:52] {ese} nice work with vhc there dino
[13:52] {dino} lly s .65
[13:53] {dino} ty
[13:56] {dino} lly bstop to .45
[13:57] {dptl} half out pay
[13:57] {dino} vhc to .59 stuck
[13:57] {dino} cov lly +.20 fl
01[14:01] {Threei}  PAY decent move
[14:03] {dptl} stop to .96 pay
[14:03] {dino} gj
[14:06] {ese} yaaaaaaawwwwwnnnnnnnn................................zzzzzzzzzzzzzzzzzzzz
[14:08] {dptl} oh missed fslr
[14:08] {dptl} oops got it now
[14:11] {dptl} stop over .30 fslr
[14:15] {dino} out vhc .60, +.40
[14:16] {Will49} we noobies watch in amazement
[14:16] {Will49} guess I should speak for myself:)
[14:18] {dptl} out pay
[14:18] {dino} lly spike, 34% reduction in decline after 18 months
[14:20] {dptl} stopped fslr....just can' win..
[14:20] {dptl} t
[14:53] {scottie} That's it for me, see you all tomorrow
01[14:54] {Threei}  take care scottie
[14:54] {Will49} don't blame you scottie...take care
[14:55] {thomcbell} long setup slw 35.70 break if holding 39.62
[14:58] {dino} cya
[15:00] {Will49} do you want us to be careful or are you leaving?
01[15:03] {Threei}  ugh
01[15:03] {Threei}  was watching TNA for long around .90
[15:03] {nemo} this should be a run to the highs
01[15:04] {Threei} Long Setup:  AIG  .75 break
01[15:04] {Threei}  If holds  .65
[15:05] {thomcbell} aig trying to have a new high close
01[15:05] {Threei}  yes... and I want to be a part of it
[15:09] {ese} out mddx .87 +.09
[15:09] {ese} mdrx
[15:12] {thomcbell} slw 1:1- balance has a stop to 39.71
[15:15] {ese} i'm good catch ya tomorrow
[15:15] {nemo} tna is about at 60% of normal daily volume
[15:19] {thomcbell} offering remaining slw at 39.90 or 1:2
[15:19] {thomcbell} stop raised to 39.85
01[15:20] {Threei}  ok... half out
01[15:20] {Threei}  stop .79
[15:23] {thomcbell} out slw
01[15:35] {Threei}  1:2
01[15:35] {Threei}  out in full
[15:35] {robbers} I'm out, thanks Vad.
01[15:35] {Threei}  sure
01[15:36] {Threei}  not fixing the day but takes some of a sting out
[15:36] {Will49} tks Vad...helps
[15:36] {thomcbell} LLY nice day on this guy
01[15:50] {Threei}  OK... today really felt like bum kicking competition with a porcupine
01[15:51] {Threei}  sometimes thing just don't work
01[15:51] {Threei}  thank you all, have a good evening
[15:51] {Will49} tomorrow's another day...thank goodness
01[15:51] {Threei}  see you tomorrow
[15:51] {Will49} still fun though
[15:51] {thomcbell} take care guys