Wednesday, November 14, 2012

Nov 14 2012

Being a trader means, among other things, being agnostic to the direction. Don't tie yourself into the idea of short or long only, don't love or hate the stock. It goes up and it goes down, as sure as night follows the day which follows the night. Be a Taoist, don't put labels on things and don't lock yourself in firm opinion - there are always things that you don't know.

How does it relate to his particular trade? Well, I posted quite a few FB shorts in the past, and expressed fairly skeptical feelings about the stock. But when I saw two days ago shorting frenzy on many discussion boards claiming that with huge lockup expiration it was the "easiest short of the century," I knew I got my long play. One of the trades we did is below, running comments on the chart.


Other than that, nice strong day with many winners.


Session Time: Wed Nov 14 00:00:00 2012
[09:11] {dino} gm
01[09:11] {Threei}  dino :)
01[09:14] {Threei}  5th year in a row of 1+T deficit
[09:16] {ese} morning
[09:16] {Beau} good morning
01[09:16] {Threei}  ese, beau :)
[09:16] {ese} vad B
01[09:17] {Threei}  beau... sorry to say but even CBO agrees with me now... their projection for 2016 is exactly 20T debt is
[09:17] {dino} i'm at 21t
[09:17] {ese} am long btu .45 from yesterday.........logged on to the market for a few minutes before i had to go
01[09:18] {Threei}  slightly in the money, ese
[09:18] {ese} yes
[09:18] {Les} morning
01[09:18] {Threei}  kes :)
[09:18] {Will49} Good morning!
01[09:18] {Threei}  will :)
[09:19] {Les} Kes... I like it
[09:19] {ese} was actually up +.30 around 3pm.............left it only to find it had tanked along with the mrkt in the last 40 min......sheesh
01[09:19] {Threei}  they need to move l and k farther from each other on keyboard
[09:20] {Les} you need to eat less bacon
[09:20] {ese} lol
[09:20] {ese} ouch
01[09:20] {Threei}  you mean kess bacon?
[09:20] {ese} egggzactilly
[09:21] {scottie} good morning
01[09:21] {Threei}  scottie :)
01[09:21] {Threei}  http://goo.gl/CtOBB
[09:23] {thomcbell} FB resilient
01[09:23] {Threei}  on watch for long
[09:28] {cipher} gm
01[09:28] {Threei}  cipher :)
[09:29] {cipher} FB  l.00
[09:29] {cipher} out .25
[09:30] {cipher} thx for heads up vad
01[09:30] {Threei}  :)
01[09:31] {Threei} Long Setup:  FCX  .50 break hl
01[09:31] {Threei}  late, disregard
01[09:31] {Threei}  wow FB
[09:32] {Les} LOL poor bears
[09:32] {cipher} out fcx +.12 thx
01[09:33] {Threei}  cipher not fooling around this morning
[09:33] {cipher} 4 trades on FB so far
[09:33] {cipher} all winers
[09:33] {cipher} long/short
[09:33] {cipher} too fast to post
01[09:34] {Threei} Short Setup: DOW  .75 break
01[09:34] {Threei}  If holds  .85
01[09:35] {Threei}  1:1
[09:36] {cipher} DOW +.10
[09:37] {cipher} fb s.20
[09:37] {cipher} cov .07 +.13
[09:39] {dino} stmp hl l .18
[09:39] {nemo} mos could be short here
[09:39] {nemo} nope
[09:40] {cipher} stmp l .87
[09:41] {dino} 07 red
[09:41] {nemo} what up with anf?
01[09:42] {Threei}  reported, conf call in progress
01[09:43] {Threei}  Abercrombie & Fitch Co Reports Q3 $0.87 v $0.60e, R$1.17B v $1.11Be- Guides Q4 SSS "mid single digit decrease" - Guides FY12 EPS $2.85-3.00 v $2.49e, (prior $2.50-2.75, SSS -10% on 15th Aug)
[09:43] {nemo} tempted to short but gonna be game playing in that stock today
[09:44] {dino} stmp stop -.35
[09:44] {cipher} stmp stop -.28
[09:45] {cipher} stmp l .21
06[09:46] * nemo "don't short ANF"
01[09:47] {Threei} Long Setup:  FB  .45 break hl
01[09:47] {Threei}  If holds  .35
[09:47] {cipher} out 1/2 stmp .68 +.47
[09:47] {nemo} amazing that move on the lockup
01[09:48] {Threei}  come on
01[09:48] {Threei}  we talk about it for 3 days
01[09:48] {Threei}  clear trap for bears
[09:48] {nemo} yeah, but with all that supply still amazing
01[09:48] {Threei}  stocktwits all buzzed about the easiest short of the century
[09:48] {Les} perhaps why it wawsn't dropping
01[09:48] {Threei}  yeah right
01[09:49] {Threei}  nothing is ever that easy
01[09:49] {Threei}  1:2 FB
[09:49] {scottie} FB + .20 tks Vad
01[09:49] {Threei}  :)
[09:49] {scottie} in 57 seconds :)
01[09:49] {Threei}  just as we like it
01[09:50] {Threei}  1:3, out
[09:51] {nemo} o.k. anf dropped below 40 watching for rebid and drop
[09:51] {nemo} in .98
[09:51] {nemo} stop to .10
[09:51] {nemo} partial . 72
[09:52] {nemo} stop to  whole
01[09:52] {Threei}  too soon FB
[09:52] {nemo} think ANF has potential to 38.40
01[09:52] {Threei}  it won't quit until last of those "easiest short" traders is finished
[09:54] {dino} stmp hl l .25
[09:56] {scottie} DOW +.18, Vad you're on fire
[09:56] {nemo} .85 a level in ANF
01[09:56] {Threei}  ain't I always after couple losing days
01[09:57] {Threei} Short Setup: FB  .85 break
01[09:57] {Threei}  hl of course
01[09:57] {Threei}  If holds  22
01[09:58] {Threei}  trail to .95
[09:58] {nemo} sheesh anf lousy scalp
01[09:58] {Threei}  holding too well
01[09:59] {Threei}  if this is valid double top, it should keep under .95
[09:59] {cipher} stmp l.87
[09:59] {nemo} if it breaks 22 it'll hit .30 before you can get out
01[10:00] {Threei}  very likely
[10:00] {nemo} but looks good
[10:00] {nemo} unfortunately market looks bottomish here
01[10:00] {Threei}  doesn't matter
01[10:00] {Threei}  FB is in its own word
01[10:00] {Threei}  world
01[10:00] {Threei}  (US) SEPT BUSINESS INVENTORIES: 0.7% V 0.6%E
[10:00] {nemo} more than likely but I don't like when the tide comes in on a short
[10:01] {thomcbell} many times the actual FBN holders dont have clearance to sell the day the restriction comes off
[10:01] {thomcbell} FB
[10:01] {dino} idcc drop
[10:01] {dino} hl l .96
01[10:01] {Threei}  ok FB
01[10:01] {Threei}  it's time
01[10:04] {Threei}  meh
[10:05] {thomcbell} time for what?
01[10:05] {Threei}  it passed anyway :)
[10:06] {dino} out idcc .26, +.30
01[10:06] {Threei} Short Setup: CAT  .90 break hl
01[10:06] {Threei}  If holds  83
01[10:07] {Threei}  SPY bounce...
01[10:07] {Threei}  FB rinse... bastard
[10:09] {nemo} mos
01[10:13] {Threei} Long Setup:  CSCO  .95 break
01[10:15] {Threei}  If holds  .85  of course
01[10:17] {Threei}  wow'
01[10:17] {Threei}  what was that
[10:17] {nemo} aapl
[10:24] {cipher} stmp trying
[10:24] {dino} moves in .30 trades
[10:26] {scottie} csco 2 sided ?
01[10:26] {Threei}  looked that was for a muin... not sure now
[10:26] {nemo} spy testing swing lows
01[10:26] {Threei}  SPY is bounce-ready IMO
01[10:27] {Threei} Long Setup:  TNA  .80 break
01[10:27] {Threei}  hl
01[10:27] {Threei}  If holds  .70
01[10:27] {Threei}  CSCO invalidated
01[10:28] {Threei}  ditto TNA
[10:29] {dino} idcc odd, raises and drops
01[10:30] {Threei}  lately, I'd consider odd if it went up after raising :)
[10:30] {dino} yeah, seems that way
[10:31] {dino} also, short the gap ups
01[10:31] {Threei}  (US) Senator Majority Leader Reid (D-NV) Confirms attempts will be made in the Senate to change the Filibuster rules
[10:37] {scottie} EXC s .65 ?
[10:37] {dino} idcc hl l .03
01[10:37] {Threei}  reasons behind the selling: http://www.cnbc.com/id/49792979
[10:37] {thomcbell} wow look at these gold and silver names
01[10:37] {Threei}  I think so EXC
01[10:37] {Threei}  daily is getting a bit overstretched though
[10:40] {scottie} in .65
[10:46] {nemo} yeah, BLack Wedensday
[10:47] {thomcbell} long small slw 38.01
01[10:48] {Threei} Long Setup:  GLD  .05 break hl
01[10:48] {Threei}  If holds  .95
01[10:52] {Threei}  1:1
01[10:53] {Threei}  here comes EXC
[10:53] {scottie} exc half out
[10:54] {nemo} When Black Wednesday comes...
01[10:56] {Threei}  mama mia... by 2020, USG will be spending on DEBT INTEREST alone more annually than total combined budgets of China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brasil, Canada, Australia, Spain, Turkey and Israel
01[10:57] {Threei}  I don't know why they didn't throw in Burkina Faso for a good measure
[11:05] {thomcbell} target on slw is 38.50 on my small shares
[11:06] {scottie} MWE s .40 ?
[11:06] {scottie} .00 sorry
01[11:08] {Threei}  not sure... tough call
01[11:08] {Threei}  51/49
[11:08] {scottie} ok
[11:09] {thomcbell} long setup gm 24.30 break if holding 24.30
[11:09] {thomcbell} 24.23
[11:09] {thomcbell} rater
[11:09] {thomcbell} rather
[11:11] {thomcbell} gm invalidated
[11:11] {thomcbell} still watching it for an entry
[11:14] {thomcbell} almost did a vad on it and switched to 24.25 entry but
01[11:16] {Threei}  hehe
01[11:20] {Threei}  Overnight there were reports that President Obama would call for $1.6T in additional tax revenue over the next 10 years, which is well above his prior positions and the GOP stance, however analysts say this represents merely a high initial bargaining position. Some Republican aides say that there could compromise related to about $1T in new tax revenues (although this would likely involve deductions and loopholes rather than raising tax rates). Obama is expected to hold a press conference later today to outline his position.
[11:23] {dino} isn't the fiscal cliff only 800 billion in new taxes?
01[11:24] {Threei}  don't remember... I had a full breakdown somewhere
01[11:24] {Threei}  discal cliff however is a combination of a lot of tax increases and spending cuts
01[11:24] {Threei}  together guaranteeing immediate recession
01[11:26] {Threei}  here it is: http://macroblog.typepad.com/files/Appendix_121113.html
01[11:35] {Threei} Long Setup:  FB  .40 break
01[11:36] {Threei}  If holds  .30
01[11:36] {Threei}  aggressive entry for .50
01[11:38] {Threei}  target 1:4
[11:38] {scottie} exc out +.20
01[11:38] {Threei}  wtg
[11:38] {scottie} ty
01[11:40] {Threei}  come one FB, squeeze'em
01[11:40] {Threei}  just imagine the pain .50 break would deliver
01[11:41] {Threei}  nemo's licking his chops just thinking of all that pain
01[11:41] {Threei}  1:1
01[11:42] {Threei}  1:2
[11:45] {Beau} .6 thx vaad
01[11:45] {Threei}  :)
[11:45] {Beau} .16
[11:45] {thomcbell} sold 1/2 slw 38.40
01[11:46] {Threei}  wtg
[11:46] {Beau} can't add actually .18
01[11:46] {Threei}  hehe
01[11:47] {Threei}  I can erelate... fingers on two hands is good, but when it comes to toes, math becomes complicated
[11:48] {thomcbell} good job on FB today Vad
[11:48] {Beau} that's the problem--have shoes on
01[11:48] {Threei}  ty
[11:48] {thomcbell} too bad u didnt chang eit to 21.99 entry after it went back under the figure - i know thats what you were thinking
01[11:49] {Threei}  yeah, it's always a fight between discipline and conviction
01[11:54] {Threei}  each FB pause or slowdown or pullback work as encouragement for bears and end up being a trap
[11:57] {dino} tcap drop
01[11:59] {Threei}  1:3
[12:00] {scottie} fb +.29 tks Vad
01[12:00] {Threei}  yw
[12:00] {Will49} tks Vad 1:2
[12:00] {Will49} took the conservative .50 call
01[12:00] {Threei}  no one has patience for final target...
01[12:01] {Threei}  I am all alone...
01[12:01] {Threei}  sniff sniff
[12:01] {Will49} we'll learn :)
01[12:01] {Threei}  and even dino with his 12-pack is not going to drop by before 2016
[12:09] {dino} nope
[12:11] {dino} bidu more blood
[12:14] {dino} lnkd drop
[12:14] {dino} sm l .01
[12:15] {dino} out lnkd .71, +.70
[12:16] {Will49} neat
[12:16] {dino} way too soon
01[12:16] {Threei}  nice anyway
[12:17] {dino} ty
[12:18] {dino} idcc to .41
[12:20] {dino} out idcc +.38
01[12:23] {Threei}  http://goo.gl/ZyL1k
[12:32] {dino} idcc break .53 hl l
01[12:33] {Threei}  Palestinian President Abbas calls for urgent Arab League meeting over Israel's strikes on Gaza
01[12:33] {Threei}  he didn't call anyone about 100+ rickets landing in Israel over last 3 days?
01[12:34] {Threei}  rockets
01[12:34] {Threei}  LNKD...
01[12:38] {Threei}  thought of short play on it but volatility is hard to manage
[12:44] {dino} tcap hl l .50 gappy
[12:46] {nemo} http://www.washingtonpost.com/blogs/worldviews/wp/2012/11/14/israeli-military-releases-video-of-gaza-strike-on-hamas-leader/
[12:59] {scottie} TAP s 40 ?
[12:59] {scottie} stop .05 ?
[13:00] {scottie} in .99
01[13:00] {Threei}  yes
01[13:00] {Threei}  lol
[13:01] {scottie} I anticipated your approval, lol
01[13:04] {Threei} Long Setup:  SLW  38 break
01[13:04] {Threei}  If holds  .90
[13:13] {Will49} wish I had a Coors to enjoy the wait for this one scottie
[13:13] {nemo} panther piss
[13:13] {Will49} Ok Molson then
[13:13] {Will49} Molson Canadian
[13:14] {nemo} skunk piss
[13:14] {scottie} Will require patience I think
[13:14] {Will49} lol
[13:14] {Will49} Moose piss
[13:14] {nemo} nah, I've been around mooses
[13:14] {Will49} Vad doesn't think we have any
[13:14] {Will49} patience
01[13:14] {Threei}  lol, I thought mooses
[13:15] {scottie} I'm learning patience too
01[13:15] {Threei}  tried tp remember when I ever expressed an opinion on that
[13:15] {Will49} nemo seems to have ataste for moose piss
[13:16] {scottie} might be faster than I thought
[13:16] {nemo} no, just familarity
[13:21] {dino} tcap hl l .84 last try
01[13:25] {Threei}  1:1
[13:26] {scottie} out tap
[13:31] {thomcbell} fb very impressive
[13:34] {nemo} obama start speaking?
01[13:34] {Threei}  yes
[13:34] {nemo} so that was the drop that ruined my scalp
[13:34] {nemo} Is he announcing the formation of Comsamol
01[13:35] {Threei}  Comsomol
[13:35] {nemo} yeah, sorry
[13:36] {Will49} market likee
[13:37] {Will49} sort of
[13:38] {nemo} market likeee fb
01[13:46] {Threei}  (US) President Obama: We face a clear deadline to solve budget and tax issues, we must work together to solve the problem, I am open to compromise and new ideas- Focus must be on jobs and economic growth.
01[13:46] {Threei}  - Reiterates that the Congress shouldnt hold the majority of the country 'hostage' while debates continue on tax breaks for the wealthy
01[13:46] {Threei}  - Reiterates calls to extend Bush tax cuts on those earning $250K or less
01[13:46] {Threei}  - Extension of Bush tax cuts for the wealthy last year was a 'one time proposition'; ending the tax cuts for the wealthy would end half of the fiscal cliff
01[13:46] {Threei}  - Notes that entitlement costs should be addressed; tax reform is necessary to make it more efficient
01[13:46] {Threei}  - Will not accept extending Bush tax cuts for the wealthy in exchange for closing loopholes
[13:48] {Les} fb
01[13:49] {Threei}  - Democrats are looking for $4.0T in deficit reductions over ten years, including the nearly $1.0T already accomplished.
01[13:49] {Threei}  huh?
01[13:49] {Threei}  $1.0T already accomplished?
[13:50] {nemo} we have to secure our borders....right
01[13:50] {Threei}  (US) Preview: Minutes of the Oct 24 FOMC meeting due out at 14:00ET- The FOMC had a low key meeting in October after the Fed went all in with an open ended QE3 program at the September meeting. - Today's minutes may show some discussion of how the Fed will address the end of Operation Twist at the end of 2012. At the December meeting, the Fed must decide if it will further extend Twist or if it will reset the rate of QE3 program to about double its current pace in order to make up for absence of the Twist operations. Members likely discussed these options at the Oct meeting, including how to craft the announcements of future revisions in the pace of QE3 purchases. - There may also be some more discussion of setting policy triggers as part of a new communication strategy. These might include policy triggered by higher inflation or lower unemployment rates. Notably, Fed Vice Chair Janet Yellen (seen as one potential successor to Chairman Bernanke) said yesterday that she supports having policy triggers for inflation and employment to help public adjust expectations.
[13:54] {dino} lxu drop
01[13:55] {Threei}  LXU LSB Industries Halted: Reports that its chemical plant in Cherokee, Alabama suffered damage from pipe rupture and will limit production until repaired
[13:55] {dino} ty
[13:59] {nemo} bidu at vwap
[14:02] {cc_8} LB Industries Says Chemical Damage at Cherokee, Alabama Facility; Sees Prelim Est 3-5M Outage at Plant; Insurance Has $2.5M Deductible; No Serious Injuries or Environmental EffectPosted on: Wednesday, November 14, 2012 - 1:46pmLSB Industries, Inc. (the “Company”) (NYSE: LXU) today announced that the . facility of its subsidiary, Cherokee Nitrogen Company
01[14:02] {Threei}  MINUTES OF THE OCT 24 FOMC MEETING:POLICY MAKERS THOUGH QE3 CREATED MARKED EASING IN FINANCIAL CONDITIONS; TWO OFFICIALS WORRIED EASING MAY HURT INFLATION EXPECTATIONS
01[14:02] {Threei}  - Some officials did question the use of asset purchases
01[14:02] {Threei}  - Staff revisesd GDP forecast higher
[14:02] {thomcbell} truly amazing fb
01[14:06] {Threei}  squeeze... squeezes till it hurts
01[14:06] {Threei}  then squeezes beyond hurt
01[14:06] {Threei}  and when it can't hurt any more, it squeezes a little more before letting go
[14:07] {Les} went short .93 stopped -.04 should have flipped long
[14:10] {dino} tea spike
01[14:11] {Threei}  Hamas leader calls on Arab states, especially Egypt, to stop 'barbaric' Israeli assault
01[14:11] {Threei}  are they f*** kidding?
[14:14] {Will49} sabres are a rattlin'
01[14:16] {Threei} Long Setup:  FB  .10 break
01[14:16] {Threei}  If holds  22
01[14:17] {Threei}  trail to .04
01[14:18] {Threei}  market is really weak, and this late in the run FB starts reacting on it
[14:19] {scottie} gotta go, see you all tomorrow
[14:20] {dino} s/p -7% since election
[14:20] {Will49} take care scottie
01[14:20] {Threei}  see you tomorrow scottie
[14:20] {Les} ciao scottie
01[14:20] {Threei}  and I don't think it's done, dino
[14:20] {scottie} will, vad, les :)
[14:23] {thomcbell} nice one again fb
[14:26] {dino} every speece he gives kills the market
01[14:26] {Threei}  (IS) Egypt is said to have withdrawn its ambassador to Israel due to Gaza strikes
[14:27] {dino} uh oh
01[14:27] {Threei}  good job on foreign policy, turning long time ally into problem, in the most unstable region on a planet
01[14:28] {Threei} Short Setup: SLW  .60 break
01[14:29] {Threei}  Invalidated
01[14:29] {Threei}  for now
[14:30] {dino} hamas "isreal has opened gates of hell"
01[14:30] {Threei}  valid again
01[14:31] {Threei}  by answering to barrage of rockets... yup
[14:31] {dino} i don't blame israel, they have been getting tagged for decades
[14:32] {nemo} centuries
[14:32] {nemo} there was that little slavery thing in egypt
[14:32] {nemo} way back when
01[14:33] {Threei}  invalidated
[14:33] {cc_8} Tucows Jumps After Reporting EarningsPosted on: Wednesday, November 14, 2012 - 2:21pmShares of Tucows (NYSE: TCX) rallied over 24 percent on Wednesday after the company reported strong results in the fourth quarter. .
[14:33] {cc_8} Tucows Jumps After Reporting EarningsPosted on: Wednesday, November 14, 2012 - 2:21pmShares of Tucows (NYSE: TCX) rallied over 24 percent on Wednesday after the company reported strong results in the fourth quarter. .
01[14:34] {Threei}  Egypt president orders UN representative to call for emergency security council meeting over Israel Gaza strikes
01[14:35] {Threei} Short Setup: FB  22 break
[14:35] {Les} FB's a bubble buster
[14:35] {Les} vwap at 21.50
[14:36] {nemo} mos too
[14:37] {Les} shorted FB .22 stopped .17 bastard won't die on me
[14:38] {Les} another 15 mins maybe
[14:41] {nemo} o.k. iwm coming into MS2 at .62 spy coming into price support at .57 finnies in the next .06 cents or so
01[14:41] {Threei}  SLW
01[14:41] {Threei}  valid again
[14:41] {nemo} as well as monthly support on the finnies here
[14:42] {nemo} wow, this is ugly
01[14:42] {Threei}  beauty in the eye of the beholder
[14:42] {nemo} spy and iwm are down equal $ amounts
01[14:42] {Threei}  to me, this is beautiful
[14:43] {nemo} well yeah, in a dark sorta way
01[14:47] {Threei}  new low SLW
01[14:47] {Threei}  1 cent lower than old low
01[14:48] {Threei}  and another
01[14:48] {Threei}  1:1 baby
[14:50] {robbers} Vad gets the "like" button on SLW as well as FB.
01[14:50] {Threei}  lol
[14:50] {nemo} Vad?  you thinking "Cascade?"
01[14:50] {Threei}  I do
01[14:51] {Threei}  OK, how on gods green earth someone gets on realitytrader site searching for "kypros minotautrus"???
[14:51] {thomcbell} on what slw or market?
01[14:51] {Threei}  market
01[14:51] {Threei}  but SLW won't be immune
01[14:52] {Threei}  and who spells minotaurus like that?
[14:52] {nemo} wow, long setup
[14:52] {nemo} do I believe it?
01[14:52] {Threei}  meh
01[14:52] {Threei}  I don't
01[14:52] {Threei}  this is trap
[14:52] {nemo} I think the SPY has given up the 200 SMA
[14:53] {nemo} yeah, spy volume not convincing
[14:53] {robbers} Did they also search for Burkina Faso?
01[14:54] {Threei}  rofl
01[14:54] {Threei}  omg
01[14:55] {Threei}  26 Jun 2012 � [10:43] {Threei} (CY) ECB Cyprus Govt bonds now ineligible as collateral- Says Eurosystem will ensure stable funding of Cyprus banks - Cyprus banks will have to replace collateral
01[14:55] {Threei}  [10:44] {Threei} what can they replace it with, labyrunth and minotautrus?
01[14:56] {Threei}  1:2 SLWQ
01[14:56] {Threei}  me out
[14:57] {cc_8} Hewlett-Packard Wants to Sell 40 Million Notebooks in 2013Posted on: Wednesday, November 14, 2012 - 1:07pm  Hewlett-Packard (NYSE: HPQ) has high hopes for the year ahead. According to DigiTimes, the company wants to ship 40 million notebooks in 2013 -- a 25 percent increase from 2012. .
[14:57] {nemo} O.K. that's weird...
[14:58] {nemo} Bunny is sitting over  by the bookcase
[14:58] {dino} and i want couple million bucks
[14:58] {nemo} So I go over and say "hi"
[14:58] {nemo} I notice that the apple core I threw over there is missing
[14:58] {nemo} So in a stupid little kid voice I ask bunny if she ate it already
[14:59] {nemo} She sticks her head behind her little tent and pulls the apple core out so I can see it
[14:59] {nemo} I'm not even on any drugs
01[15:00] {Threei}  lol
[15:00] {dino} out tcap .45, +.61
[15:00] {Les} I'm calling 911 as we speak
01[15:00] {Threei}  nemo, say no to vodka mixed with sleep aid
01[15:00] {Threei}  or at least add laxative...
[15:00] {nemo} ?
[15:01] {nemo} oh, have bad memories of mannitol
[15:01] {Les} what chart pattern is that forming on FB?
[15:01] {Les} bull flag?
[15:01] {Les} pennant?
[15:01] {nemo} if we don't get volume coming in soon, this has fire drill written all over it
01[15:02] {Threei}  triangle?
[15:02] {Les} ok
[15:02] {nemo} uterus
[15:02] {Les} anus
[15:02] {nemo} here we go
[15:02] {Les} i can play stupid too nemo
[15:02] {nemo} yes but not in a sesquipadalian manner
[15:02] {Les} oh piss off
01[15:04] {Threei}  awww... 1:3
[15:06] {nemo} anf hit fib extension
[15:06] {dino} s/p gap 133
[15:06] {dino} 1338
01[15:06] {Threei}  1:4... grrrrr
[15:07] {nemo} major volume support 135.60 ish
01[15:07] {Threei}  1:5... nemo, I need a gun
[15:07] {nemo} o.k. this is serious volume
[15:09] {nemo} they're trying to hold it here
[15:10] {nemo} iwm at s3 spy at s2
01[15:11] {Threei}  1:7
01[15:11] {Threei}  nemo... how's that gun coming?
[15:11] {dino} wow tea
[15:11] {nemo} open your mouth
[15:11] {Will49} stop looking at it Vad
[15:12] {nemo} Vad likes pain and suffering
[15:12] {thomcbell} long setup slw 37.01 break if holding 36.89
[15:12] {Will49} Vad, is this an example of the patience you talked about earlier?
01[15:13] {Threei}  it would be if I held it
[15:13] {Will49} :)
[15:14] {thomcbell} target is 37.40on slw
[15:14] {thomcbell} small position anyway
[15:14] {nemo} o.k. hold your nose and buy...not
[15:16] {nemo} we're 130% of SPY's ATR
[15:17] {nemo} market dysentary coming
[15:17] {thomcbell} out slw
[15:18] {nemo} Oh, wouldn't it be great to wake up to "limit down" for Auld Lang Syne
[15:18] {nemo} finnies through volume support
[15:20] {dino} ATR?
[15:20] {nemo} average true range
[15:20] {dino} ty
[15:20] {nemo} bull bohica today
01[15:23] {Threei}  full dollar
[15:24] {nemo} o.k. things slowing down see if they throw a brick through 136
[15:26] {nemo} 135.97 is MS2/WS1
[15:29] {nemo} ANF amazing in this tape
[15:31] {dino} crus posititve
[15:31] {dino} fio holds well
[15:31] {nemo} ntap lxk
[15:32] {dino} clf not bad
[15:34] {dino} kss pos
[15:42] {nemo} finnies through their 200 SMA
[15:53] {Will49} Good day Vad, tks
01[15:53] {Threei}  :)
01[15:56] {Threei}  thank you all
01[15:56] {Threei}  have a good evening
01[15:57] {Threei}  see you tomorrow for another selloff