Session Time: Tue Nov 27 00:00:00 2012
01[08:48] {Threei} - Germany CDU Budget lawmaker Barthle: Greece creditors probably faced a haircut in 2022
01[08:48] {Threei} lol
[08:48] {cipher} gm
01[08:48] {Threei} cipher :)
[09:08] {scottie} good morning
01[09:08] {Threei} scottie :)
01[09:14] {Threei} feels like things are seting up for selloff
[09:18] {Beau} good morning
01[09:19] {Threei} beau :)
[09:20] {Will49} good morning
01[09:20] {Threei} will :)
01[09:23] {Threei} (US) Puerto Rico faces pension funding problem due to large debt- financial press- Facing problems similar to Greece including tax fraud, poor economic growth and very high levels of debt - Have already sold two toll roads and the main airport to raise funds - Borrowing costs have risen to 250bps over other muncipal borrowers up from 150bps over at the begining of the year - The main pension fund, which serves 250K workers, is only 6% funded
[09:28] {Beau} .
01[09:28] {Threei} good point
01[09:29] {Threei} watching JPM, FB and usual suspects
01[09:30] {Threei} Short Setup: JPM .85 break
01[09:30] {Threei} If holds .95
01[09:31] {Threei} change to .90
01[09:31] {Threei} Short Setup: FB 26 break hl
01[09:31] {Threei} If holds .10
01[09:32] {Threei} Invalidated JPM
[09:33] {thomcbell} fio?
01[09:34] {Threei} 1:1 FB
01[09:34] {Threei} don't see fresh news on FIO
01[09:35] {Threei} Short Setup: FCX .85 break
[09:35] {thomcbell} wow
01[09:35] {Threei} If holds .95
01[09:39] {Threei} Short Setup: SLW .80 break
01[09:39] {Threei} If holds .90
[09:40] {nemo} what up with cree
01[09:41] {Threei} no news that I see
01[09:41] {Threei} Long Setup: CAT .80 break hl
01[09:42] {Threei} If holds .70
[09:42] {thomcbell} that FIO is just bananas
[09:42] {thomcbell} dying to know what that was about
[09:43] {thomcbell} FB $26 break VAd?
01[09:43] {Threei} CAT 1:1
01[09:43] {Threei} it was
[09:44] {thomcbell} 1:1
[09:44] {thomcbell} i took it
[09:45] {robbers} thanks cat.
01[09:45] {Threei} :)
01[09:45] {Threei} let's scratch SLW
[09:45] {thomcbell} FB 1:2
[09:45] {thomcbell} stop on balance to 26.1
[09:45] {robbers} wtg.
[09:47] {thomcbell} raiting stop to 26.20 on FB
[09:48] {thomcbell} 1:3
01[09:48] {Threei} gj
[09:48] {thomcbell} raising stop to 26.25
01[09:48] {Threei} CAT almost 1:2, out
[09:48] {thomcbell} out
[09:48] {Will49} good call on SLW Vad
01[09:49] {Threei} yeah, tried hard to sell off but eventually tide took it up
01[09:50] {Threei} too soon, CAT
[09:51] {cipher} cree s .39
[09:51] {cipher} cat s .00
01[09:51] {Threei} (US) Preview: Nov Richmond Fed Manufacturing Index expected at 10:00 ET (15:00 GMT)**Consensus expectation: -9e v -7 prior
[09:55] {cipher} cov cree .45 -.06
[09:55] {nemo} cree is today's ddd
[09:57] {cipher} cree s .42
[09:58] {cipher} cov 1/2 cat .90 +.10
01[09:58] {Threei} Long Setup: LVS .80 break
01[09:58] {Threei} If holds .70
01[09:59] {Threei} *(US) NOV RICHMOND FED MANUFACTURING: 9 V -9E
01[09:59] {Threei} LVS 1:1 but good luck getting in
[10:00] {Will49} no luck here :(
[10:00] {scottie} nor here
01[10:00] {Threei} *(US) NOV CONSUMER CONFIDENCE: 73.7 V 73.0E
[10:00] {scottie} great call though
[10:00] {nemo} well, this will be an inflection point on that report
01[10:00] {Threei} teleported
01[10:01] {Threei} *(US) SEPT HOUSE PRICE INDEX M/M: 0.2% V 0.4%E; Q/Q: 1.1% V 1.4%E
[10:01] {cipher} cov remainder cat .80 +.20
01[10:01] {Threei} where is ese... good report to heckle us with, and he is slacking
01[10:02] {Threei} nice one cipher
[10:03] {cipher} too sonn
01[10:03] {Threei} LVS
01[10:03] {Threei} same setup
01[10:03] {Threei} only stop is .74
01[10:04] {Threei} half out
01[10:04] {Threei} .89
01[10:04] {Threei} wow
01[10:04] {Threei} market doesn't like good numbers
[10:04] {Will49} reports going over like a lead balloon
01[10:05] {Threei} out LVS in full
01[10:05] {Threei} too soon
01[10:06] {Threei} housing price numbers were questionable
01[10:06] {Threei} but I don't think this is what sinks the market
[10:06] {Will49} aren't all numbers questionable?
[10:08] {Will49} oh..i forgot, election is over
01[10:08] {Threei} lol
01[10:08] {Threei} Short Setup: LVS .90 break
01[10:08] {Threei} If holds 46
01[10:11] {Threei} Short Setup: CAT .50 break
01[10:11] {Threei} If holds .60
01[10:13] {Threei} speaking of election, will... yesterday I found myself applauding NDP win, first time in my life
01[10:13] {Threei} LVS 1:1
01[10:15] {Threei} CAT 1:1
01[10:16] {Threei} LVS, scalpers win
[10:16] {cipher} cov 1/2 cree .10 +.32
[10:16] {Will49} was your applause due to sewage treatment question?
01[10:17] {Threei} market is set up for selloff, as premarket feeling was
01[10:17] {Threei} no... die to alternative being Green
01[10:17] {Threei} due
[10:17] {Will49} agree
[10:17] {Will49} I hate EM
01[10:18] {Threei} as far as treatment goes, ironically NDP candidate was the only one wrong on the issue
[10:18] {Will49} She's your MP right?
01[10:18] {Threei} and public seems to be against it... but voted for him anyway, lol
[10:18] {nemo} wow, this is pretty choppy
01[10:18] {Threei} yes, and I am deeply ashamed
[10:18] {Will49} :)
[10:19] {Will49} So this new guy is now my MP
01[10:19] {Threei} grr CAT
01[10:19] {Threei} rinsed second half
[10:20] {cc_8} McMoRan Exploration Co (NYSE: MMR) shares lost 22.80% to create a new 52-week low of $7.45. Analysts at RBC Capital downgraded McMoRan Exploration from “outperform” to “sector perform.” .
[10:20] {cc_8} Cymer (NASDAQ: CYMI) shares jumped 1.14% to create a new 52-week high of $84.90. Cymer shares have surged 105.08% over the past 52 weeks, while the S&P 500 index has gained 17.66% in the same...
[10:21] {nemo} bounce setting up
[10:23] {nemo} bounced but choppy
[10:26] {cipher} TNA L .00
[10:27] {cipher} cov rest cree .10 +.32
01[10:28] {Threei} wtg
[10:28] {cipher} cree l .20
[10:34] {scottie} fio l .20 ?
01[10:35] {Threei} I'd take it here
01[10:35] {Threei} aggressively
[10:35] {scottie} in .11
[10:35] {cipher} fio l .11
[10:38] {thomcbell} FB at yest pivot
[10:38] {thomcbell} 25.61
01[10:38] {Threei} if SPY is serious about reversing, FIO shoulf be good to about .40
[10:38] {nemo} very choppy today
[10:39] {nemo} iwm low today only a few cents above pivot
[10:43] {nemo} market getting weaker again
[10:47] {cipher} financials moving higher
01[10:52] {Threei} FIO time to shine
01[10:52] {Threei} SPY put in trend reversal
[10:56] {scottie} rimm l .20 ?
01[10:56] {Threei} not sure
[10:57] {scottie} fio half out
01[10:57] {Threei} chart is right but I am really not enchated with the stock
[10:58] {scottie} stop .04
[10:59] {cipher} out cree .04 -.16
01[11:00] {Threei} best quote I've heard in a good while:
01[11:00] {Threei} �It is difficult to get a man to understand something, when his salary depends on his not understanding it.� ? Upton Sinclair
[11:01] {thomcbell} very nice
[11:03] {cipher} out tna in full .48 +.48
[11:03] {Will49} beauty
[11:03] {cipher} took a while
[11:04] {nemo} how much of a stop were you giving it?
[11:04] {cipher} around .20
[11:04] {cipher} knew the potential
[11:04] {cipher} it is my setup
[11:05] {robbers} nice, cipher, congrats.
[11:05] {cipher} ty
[11:09] {scottie} thanks Vad RIMM
[11:10] {nemo} pxp looks short
01[11:10] {Threei} sure
01[11:11] {Threei} this thing is nothing but dead cat
01[11:11] {Threei} whole bounce in it in just that
[11:11] {scottie} out fio
01[11:11] {Threei} idiots discuss how its new OS is goijng to revolutionize something and take market share back from AAPL
[11:12] {cipher} tna reload .43
01[11:12] {Threei} this is pure bs, it bounced simply because it ran out of sellers for the moment
01[11:12] {Threei} as far as market share is concerned, RIMM is toast
[11:13] {cipher} out tna .59
[11:15] {scottie} CREE s .90 ?
01[11:16] {Threei} tw-sided I think
[11:16] {scottie} ok
[11:17] {scottie} missed it
01[11:20] {Threei} jumpy
[11:24] {cipher} fio s .01
[11:27] {scottie} ebay l .90 ?
01[11:28] {Threei} aggressive fior 51... yeah
[11:29] {scottie} in .90
[11:30] {cipher} cov fio .04 -.03
[11:30] {cipher} jumpy little sucker
[11:34] {scottie} offering first half at .99
01[11:35] {Threei} getting a taste of aggressive entries, eh? :)
[11:36] {scottie} yes, slowly
[11:37] {scottie} half out
01[11:37] {Threei} I love them
01[11:37] {Threei} I wouldn't recommend a newer trader to start with them, but as soon as basic setup skeleton is mastered...
[11:39] {nemo} lvs
[11:39] {cipher} celg l .65
[11:40] {cipher} out .76
[11:52] {scottie} trying hard to break 51
[11:52] {nemo} LVS running
[11:53] {scottie} there
[11:57] {scottie} 1/4 more out
[11:58] {scottie} stop .99
[12:14] {scottie} out
01[12:15] {Threei} conpare the trade to regular one
01[12:15] {Threei} waiting for 51 break
[12:19] {scottie} yes, a lot more interesting
01[12:44] {Threei} Record Powerball jackpot increased to $500 million for Wednesday's drawing amid soaring ticket sales
[12:44] {scottie} AKAM s .70 ?
01[12:44] {Threei} I think so
[12:46] {scottie} in .69
01[12:47] {Threei} have you noticed... everybody seem awfully calm about having less than 1 month left to live?
[12:47] {nemo} whaddya' gonna' do about it?
01[12:48] {Threei} spend away... dance... drink... fight dragons and seduce princesses...
[12:49] {nemo} looks like Qs going for the 200 SMA
[12:59] {scottie} going nowhere3, stop .78
[13:05] {scottie} out
[13:47] {Will49} is everybody quietly contemplating the end of the world?
[13:47] {Will49} it's so quite
01[13:47] {Threei} I know I am
[13:47] {Will49} quiet
01[13:47] {Threei} I am monitoring the state of volcano
[13:49] {Will49} Our maui location is half-way up Holeakala (temorarily silent)
01[13:50] {Threei} that one is silent, yeah. Mine is active
[13:51] {Will49} last erupted in 190
[13:51] {Will49} 1790
[13:52] {cipher} z l .25
[13:52] {cipher} out .53
01[13:55] {Threei} wtg
[13:56] {cipher} TY
01[13:56] {Threei} Long Setup: TNA .60 break
01[13:56] {Threei} If holds .50
[14:00] {scottie} valid ?
01[14:00] {Threei} yup
01[14:01] {Threei} meh
01[14:01] {Threei} hesitance to bid it up was the clue
01[14:01] {Threei} qwidened spread over .60 but bid remained .57
[14:05] {Will49} guess that's your classic rinse eh?
[14:06] {Will49} your=global
[14:06] {Will49} not you Vad
[14:06] {scottie} bad execution, I went out at .40 for -.21. Very painful
01[14:06] {Threei} wow
[14:07] {Will49} got out with a -.07
[14:07] {Will49} victory of sorts
01[14:07] {Threei} first, not sure it was worth entry at all
01[14:07] {Threei} there were a lot of shares at .61, why be the first to buy
01[14:08] {Threei} spread widened, no bids went ip, pause in buying
01[14:09] {Threei} not a situation where I'd be in a rush to enter
[14:10] {Will49} i just follow you blindly...like a puppy dog :)
[14:11] {Will49} maybe that "blindly" part needs fixing
[14:14] {nemo} not alot of follow through on anything so far this afternoon
01[14:22] {Threei} (US) Senate Majority Leader Reid (D-NV): Little progress has been made in talks regarding the Fiscal Cliff
[14:22] {Will49} is that what woke up market?
01[14:22] {Threei} oh god... now they'll torture us with these on again off again announcements till the last minute, lol
01[14:23] {Threei} then they'll agree on some very ugly and meaningless compromise
01[14:23] {Threei} that won't resolve anything
01[14:26] {Threei} isn't it amazing how this show repeats itself over and over
01[14:33] {Threei} Long Setup: TZA .95 break
01[14:34] {Threei} If holds .90 for scalpers, .85 day traders
01[14:35] {Threei} if SPY loses .50...
01[14:35] {Threei} cascade, I am telling you... cascade
[14:36] {Will49} push everone ..push
[14:36] {Will49} everyone
[14:38] {nemo} tna .01
01[14:38] {Threei} stop .89 for everyone now
[14:41] {nemo} partialed .13
01[14:45] {Threei} ok TZA
01[14:45] {Threei} it's time
01[14:45] {Threei} you gave nemo his scalp, our turn now
01[14:45] {Threei} this way everyone's happy
01[14:46] {Threei} not that I care much about nemo's happiness, but...
[14:46] {nemo} mesodactyl to you too
01[14:47] {Threei} but... I just know that you are miserable when you are happy
01[14:47] {Threei} or when people care
01[14:47] {Threei} so it's an act of mercy on my part
01[14:47] {Threei} brrrreak
[14:47] {nemo} not sure how to take that
01[14:48] {Threei} in stride
[14:49] {cipher} aegr s .27
01[14:50] {Threei} was offering half at .04
01[14:50] {Threei} come on
[14:55] {cipher} z s .43
[14:56] {nemo} vwap run
01[14:59] {Threei} Buffet - "Tax Hikes On Rich Would "Raise Morale Of The Middle Class"
01[14:59] {Threei} cretin
[15:01] {cipher} cov aegr .25 +.02
[15:02] {scottie} Enough for me guys, see you all tomorrow
[15:02] {Will49} keep the faith Scottie
[15:02] {scottie} No prob will
[15:03] {nemo} spy and finnies weaker than iwm
[15:03] {nemo} Qs weak too
01[15:05] {Threei} take care scottie
[15:17] {cipher} cov z .27 +.16
[15:20] {nemo} dont you want to short the spy or iwm here?
01[15:21] {Threei} can't tell really
01[15:21] {Threei} aimless drifting
01[15:21] {Threei} no energy either way
[15:22] {nemo} yeah, iwm near vwap spy about .20 below, and Finnies below vwap, actually long might make more sense
01[15:22] {Threei} Long Setup: FSLR .45 break hl
01[15:22] {Threei} If holds .35
01[15:24] {Threei} - White House Spokesman Carney: Denies talks are at an impasse. Any suggestion that the budget talks have broken down is wrong
01[15:24] {Threei} sigh
01[15:34] {Threei} and another sigh
01[15:39] {Threei} Wow! -- Student-Loan Delinquencies Now Surpass Credit Cards
01[15:41] {Threei} this market drop was totally out of whack
01[15:41] {Threei} no setup, no pattern, no news
01[15:44] {Threei} Short Setup: JPM .70 break
01[15:44] {Threei} last attempt for today
01[15:44] {Threei} If holds .75
01[15:48] {Threei} shrug
01[15:48] {Threei} out
01[15:48] {Threei} nothing fiollows through in this afternoon
01[15:48] {Threei} have a good evening guys, see you tomorrow
[15:48] {Will49} maybe tomorrow!
[15:49] {Will49} Asta Lavista baby
