Thursday, December 27, 2012

Dec 27 2012

With main room server outage we used reserve one for the first couple hours, so log is garbled a little at the beginning. Very nice day though, as most of the plays worked like charm even though slowly.



scottie: anybody home ?
Threei: yes
Threei: the rest apparently don't read e-mail
scottie: hi
Threei: and server decided to take a vacation
scottie: connected a couple of minutes before receiving mail, when I couldn't connect on mirc
scottie: just received email 1 minute ago
Threei: nope.., people do not read e-mail
Threei: anyway, seems to me selling is about to resume after morning jumps
thomcbell: yo
Threei: hey tbell
Threei: short FB .55 break
Threei: if holds .65
Threei: 1:1
Threei: Short FCX .95 break
Threei: If holds .05
scottie: out fb .44 tks Vad
Threei:
Threei: FB 1:2
Threei: out
Threei: FCX 1:1
thomcbell: rimm coming under a bit of pressure from the open
(09:40) scottie: fcx out tks
(09:42) Threei: yw
(09:42) Threei: There... dp woke up after missing two winning trades
(09:42) dptl: good morning
(09:45) Threei: Short FB .65 break
(09:45) Threei: change to .70
(09:46) Threei: if holds .75
(09:47) Threei: invalidated
(09:48) Threei: although getting overextended
(09:48) Threei: .75 break
(09:48) Threei: if holds .80
(09:52) Threei: half out .66
(09:54) Threei: new home sales and consumer confidence numbers at 10
(09:55) dptl: vrx .95 short?
(09:56) Threei: chart wise yes but remember numbers in 4 min
(09:56) dptl: ah ok ty
(09:59) Threei: both are bad
(10:00) Threei: DEC CONSUMER CONFIDENCE: 65.1 V 70.0E
(10:00) Threei: *(US) NOV NEW HOME SALES: 377K V 380KE- Prior revised lower from 368K to 361K
(10:01) Threei: if grabbed your VRX, it worked too
(10:02) cc_8: Alliance Healthcare Services (NYSE: AIQ) surged 422.88% to $6.80 at 9:45 am. Alliance Healthcare Services' trailing-twelve-month revenue is $478.08 mi
(10:02) cc_8: Alliance Healthcare Services (NYSE: AIQ) surged 422.88% to $6.80 at 9:45 am.
(10:02) dptl: lrcx .long?
(10:03) Threei: nah
(10:03) cc_8: Coastal Contacts (NASDAQ: COA) shares dipped 20.56% to $5.95 at 9:54 am
(10:04) Threei: 1/4 more out FB
(10:05) Threei: nailed reversal to the T
(10:05) Threei: (US) Senate Majority Leader Reid (D-NV): It is looking like the US will go over the fiscal cliff and rates will go up starting Jan 1 unless Congress acts
(10:07) dptl: clf .45 short?
(10:07) cc_8: Toyota agreed to pay about $1.1 billion to install new safety equipment and reimburse owners of up to 16 million cars to settle a U.S. class-action su
(10:08) Threei: CLF, yeah
(10:08) Threei: my fiscal cliff prognosis: http://goo.gl/hWqco
(10:09) Threei: out FB in full
(10:09) scottie: was away missed FB, great call Vad
(10:09) Threei: 28 cents for 7 cents riskj
(10:09) Threei: 3 for 3
(10:10) Threei: and most of the room is not reading e-mail about reserve server, lol
(10:10) dptl: in clf
(10:11) cc_8: Among the companies expected to see active trading in the U.S. stock market Thursday are BCD Semiconductor Manufacturing Ltd., Marvell Technology Grou
(10:11) cc_8: ompanies expected to see active trading in the U.S. stock market Thursday are BCD Semiconductor Manufacturing Ltd., Marvell Technology Group Inc. and
(10:14) dptl: stopped clf
(10:15) thomcbell has left.
(10:18) dptl: rinsed
(10:20) Threei: no kidding
(10:21) dptl: sigh
(10:22) Threei: selling with vengeance
(10:29) dptl: vlo .45 long?
(10:29) Threei: Long SLW .65 break
(10:29) Threei: if holds .55
(10:30) Threei: VLO looks right
(10:31) dptl: in
(10:34) Threei: 1:1 VLO
(10:35) dptl: out
(10:36) scottie: gj dp
(10:37) scottie: stop .59+ Vad ?
(10:37) dptl: ty but was a bit late with exit only got 6c
(10:37) Threei: yup
(10:41) Threei: SLW 1:1
(10:41) scottie: out half, stop .64
(10:41) dptl: low .80 long?
(10:42) scottie: you didn't loose your touch Vad
(10:42) Threei:
(10:42) Threei: not sure LOW
(10:43) scottie: stop .69 ?
(10:44) Threei: yup
(10:45) Threei: 1:2, out
(10:45) scottie: +.18 tks Vad
(10:45) Threei: yw
(10:52) scottie: PPL s .40 ?
(10:54) Threei: I think so
(10:57) scottie: in .39 stop .46
(10:57) dptl: in ppl .46 stop
(10:57) dptl:
(11:02) Threei: meh
(11:02) dptl: stoped
(11:02) scottie: out
(11:08) dptl: jcp .95 sh?
(11:08) Threei: yeah
(11:09) scottie: not in short list
(11:09) dptl: ye
(11:17) dptl: oh well
(11:17) scottie: good call dp, too bad
(11:18) Threei: yeah
(11:19) scottie: KRFT s .10 ?
(11:21) Threei: half lot
(11:27) scottie: no
(11:27) dptl: wlp .30 long?
(11:31) Threei: not sure
(11:31) dptl: in
(11:34) Threei: main server shpws signs of life
(11:35) Threei: try to connect guys
(11:35) scottie: ok I'm connected
(11:35) Threei: yup




Session Start: Thu Dec 27 11:34:38 2012

[11:35] {scottie} .
01[11:36] {Threei}  first good point made here today
[11:36] {scottie} :)
[11:37] {dptl} here
01[11:38] {Threei}  OK... let's see if anyone else wakes up :)
[11:41] {scottie} good call on wlp dp
01[11:42] {Threei}  yeah, another one
[11:42] {scottie} looks like you don't need Vad anymore :)
01[11:42] {Threei}  no one does... story of my life
[11:42] {scottie} lol
[11:43] {dptl} half out
[11:44] {dptl} ty...still have some issues Scottie
01[11:47] {Threei}  robbers... no checking your e-mails, eh?
[11:47] {robbers} Right, should I?
01[11:48] {Threei}  well... considering that we sent a reserve room address for the morning while main server was down... :)
[11:48] {robbers} OK, will check.
01[11:48] {Threei}  and you missed quite a few good plays... :(
[11:49] {scottie} away for one hour
01[11:49] {Threei}  ok... we'll be here
01[11:50] {Threei} Short Setup: WFC  .85 break
01[11:50] {Threei}  If holds  .95
[11:57] {dptl} anf .20 short?
01[11:57] {Threei}  tough one
01[11:57] {Threei}  try smaller shares
01[11:58] {Threei}  can be jumpy
[11:58] {dptl} ok ty
[11:59] {robbers} How was your trip, Vad?
01[12:00] {Threei}  absolutely fantastic
[12:00] {robbers} I bet.
[12:00] {robbers} And am expecting a full file of photos.
01[12:00] {Threei}  saw couple first photos pn my facebook?
01[12:00] {Threei}  oh yes, there will be plenty
01[12:01] {Threei}  strongest impressions are night snorkeling with manta rays and active volcano
01[12:01] {Threei}  both are must on the bucket list
[12:01] {dptl} in wfc
[12:01] {robbers} I see you wife didn't push you into the volcano, if you remember your joke about it.
01[12:02] {Threei}  well, she canged her mind seeing how treacherous driving there was
[12:02] {robbers} LOL.
01[12:02] {Threei}  and thinking I might still be useful
[12:02] {robbers} I once did night scuba diving in California, it was amazing, but can't imagine with manta rays, what a great experience.
01[12:03] {Threei}  it's out of this worlds
[12:03] {robbers} Literally.
01[12:03] {Threei}  15 ft-big swimming machine within inches from you
[12:04] {robbers} I've seen where divers ride them.
01[12:04] {Threei}  ANF works
01[12:04] {Threei}  you see first two photos I spoted, robbers?
[12:04] {dptl} i took wfc instead :)
01[12:04] {Threei}  posted
[12:05] {robbers} Give me the better of the two links again.....
01[12:05] {Threei}  http://goo.gl/Sx2nM and http://goo.gl/uTju9
01[12:06] {Threei}  cipher... not reading your e-mails either :)
[12:06] {cipher} didn't get any
01[12:07] {Threei}  check junk box?
[12:07] {cipher} yes
01[12:07] {Threei}  huh
[12:07] {dptl} stop to above .90 wfc?
01[12:07] {Threei}  yes
01[12:07] {Threei}  I see it being sent to you
01[12:08] {Threei}  about reserve room
[12:08] {robbers} Vad, when will you post more photos, over the weekend?
01[12:08] {Threei}  as soon as I get to work on them... hopefully
[12:09] {robbers} Got to run out to meet a friend.  These crazy friends and family don't understand that trading is the priority.
01[12:09] {Threei}  lol
01[12:09] {Threei}  when I post on my blog, I usually send and e-mail notification to those who wznt to follow
[12:09] {dptl} half out wfc ty
01[12:09] {Threei}  if you want, I can add your e-mail to list
01[12:09] {Threei}  1:1 WFC
[12:09] {robbers} Yeah, robbyisa@yahoo.com
01[12:09] {Threei}  I will
[12:10] {robbers} I'll try to make it back before closing, in the meantime, happy trading, good call on WFC.
[12:10] {robbers} TC (take care)
[12:21] {dptl} die wfc already
01[12:21] {Threei}  {WFC} you no like me... :(
[12:21] {dptl} lol
[12:22] {dptl} i do ..but just die now
[12:30] {dptl} now is a good time wfc
01[12:31] {Threei}  it's going to
[12:37] {dptl} :)
[12:37] {dptl} stop to .76
[12:40] {dptl} out
[12:44] {dino} .
01[12:45] {Threei}  dino...
01[12:45] {Threei}  no rerading your e-mails either?? :)
[12:46] {dino} cannot get into my email for some reason, hotmail having trouble
01[12:46] {Threei}  oh... crap :(
01[12:47] {Threei}  bookmark reserve server to check if main is down
[12:47] {dino} must be from the storm. 10" snow last night
[12:47] {dptl} clf .60 short?
01[12:47] {Threei}  http://www.realitytrader.com/tradingroom/reserve.html
01[12:47] {Threei}  no CLF, not liking it
[12:47] {dptl} ok
01[12:47] {Threei}  we had quite a good day, too bad :(
[12:48] {dino} glad to hear
[12:49] {dptl} cnx 32 long?
01[12:52] {Threei}  can't tell
[12:54] {dptl} i'll take a little break... start seeing things again... lol
01[13:07] {Threei}  Volume remains light in the US session after European markets traded modestly higher after returning from their holiday break. US stocks started the day flat until the latest pessimistic Fiscal Cliff comments out of Washington knocked stocks lower by 0.5% in the late morning. From the Senate floor, Majority leader Reid suggested that time would likely not allow for any resolution to the cliff before tax rates rise in the New Year. This result was expected by many analysts as it would allow Congress to technically 'cut' tax rates early next year as opposed to preemptively raising the highest brackets before the Fiscal Cliff arrives. Following Reid's comments the VIX volatility index rose above 20 for the first time since July.
[13:12] {cipher} cymi l .81
[13:22] {dptl} kss .05 short?
01[13:24] {Threei}  I think so
[13:25] {cc_8} The DJIA has slipped through another technical threshold, as it’s now below its 200-day moving average intraday, currently around 13015, for the first time since Dec 5.
[13:25] {cc_8} Yes, it’s a light-volume day; but that doesn’t mean the losses aren’t real. The S&P 500 is off 13 points at 1407, and the Nasdaq Comp is down 29 at 2962.
01[13:30] {Threei}  but, does it mean our profits are real too?
[13:32] {dptl} clf .60 sh?
01[13:33] {Threei}  hmmm
01[13:33] {Threei}  what canged since last time I didn't like it? :)
01[13:34] {Threei}  changed
[13:36] {dptl} how about cnx .90 short?
01[13:36] {Threei}  hl
[13:37] {dptl} in .89
01[13:50] {Threei}  aaaalmost there
[13:52] {scottie} half out cnx tks dp
01[13:52] {Threei}  1:1
[13:53] {dptl} half of the hl is out
[13:53] {dptl} ty yw
[13:53] {scottie} kepping 100 shares in
[13:53] {cipher} lulu lufk l.13
[13:53] {scottie} keeping
[13:54] {dptl} same here
[13:55] {cipher} out lufk .45 +.32
[13:56] {dptl} nice
01[14:00] {Threei}  cipher doesn't lose shape even during holiday feast eh
[14:03] {scottie} cnx stop to .86 ?
01[14:03] {Threei}  yep
[14:05] {dptl} biding .51 :)
[14:06] {cipher} out cymi .96  +.15
[14:15] {scottie} teva s .80 ?
01[14:16] {Threei}  no
01[14:16] {Threei}  I'd stay away from this one
[14:16] {scottie} ok
[14:17] {scottie} why?
01[14:17] {Threei}  way too narrow
[14:17] {scottie} tks
01[14:17] {Threei}  easy to get whopsawed
01[14:17] {Threei}  o=i
[14:23] {dino} mmd drop
01[14:32] {Threei}  in case you want another load pf crap from high above:
01[14:32] {Threei}  (US) House Democratic Whip Hoyer: House needs to return to session to reach a compromise on fiscal cliff- Spoke with House Majority leader Cantor today and asked him to recall House members back into session. Cantor said that Republicans would discuss whether to recall members during a caucus conference call to be held today. - Democrats know that they need to compromise, won't get everything we want. Quickest thing to do now would be to pass the Senate bill that extends the tax cuts for the middle class. - Spoke to the White House and know that they are "considering options." }- We should act on the debt limit in a bipartisan fashion long before the debt limit is reached in February.
[14:32] {dptl} fslr .65 sh?
01[14:33] {Threei}  hmmm
01[14:33] {Threei}  :)
[14:33] {dptl} too late
01[14:33] {Threei}  it teleported
01[14:34] {Threei}  from .68 to .61 with nothing inbetween
[14:37] {cipher} bidu s .31
[14:38] {dptl} kss long here?
[14:39] {dptl} .31?
01[14:39] {Threei}  no read
[14:39] {dptl} ok
[14:39] {scottie} stop cnx to .82
[14:44] {cipher} cov bidu .40
[14:44] {scottie} out cnx .83
01[14:44] {Threei}  bout of happiness
01[14:45] {Threei}  (US) House of Reps plans a 18:30ET session for Dec 30 -
[14:48] {dino} ggc hl l .50
[14:48] {dino} out ggc .79, +.29
[14:48] {dino} out tol from earlier, +.32
01[14:48] {Threei}  that was quick
[14:49] {dino} coh hl l .50
[14:49] {dino} ggc? yeah, its pulp
[14:51] {dino} coh to flat
[14:52] {dino} coh stop flat
[14:52] {scottie} TEVA tks {Vad
[14:53] {dptl} vlo .50 long? if holds .45
01[14:53] {Threei}  :)
01[14:54] {Threei}  hard to tell VLO
01[14:54] {Threei}  see, this spike in the market is based solwely on that headline
[14:55] {dptl} i see
[14:56] {cipher} I just got the email about reserve room 5 min ago
01[14:56] {Threei}  wow... your e-mail provider is on vacation!
[14:56] {scottie} delivered by pony express
01[14:56] {Threei}  gives new meaning to snail mail
01[14:57] {Threei}  just bookmark the address guys
[14:57] {dptl} dg .06 long?
01[14:57] {Threei}  something happens, ypu know it's a place to check
01[14:57] {Threei}  I'd prefer entry on pullback, closer to .95
[14:58] {dino} coh rinsed darn
[14:58] {dptl} ok
[15:04] {dptl} met .60 long?
[15:05] {dino} c hl l .03
01[15:06] {Threei}  I can't tell with these longs
01[15:06] {Threei}  they all move on the same thing
01[15:06] {Threei}  not really on chart pattern
01[15:06] {Threei}  only on that headline
[15:06] {dptl} i see
01[15:07] {Threei}  impossible to tell whether it has sustainable effect or it will be destroyed next minute
[15:15] {dino} rkus spike
[15:16] {dptl} kss? .50l ?
[15:17] {dptl} or its the same?
01[15:18] {Threei}  .50?
[15:18] {dptl} ye was looking 42.50 break
01[15:21] {Threei}  another spike
[15:27] {dino} out c .13, +.10
[15:29] {dino} calling it a day. gn all
01[15:29] {Threei}  take care dino
[15:30] {dptl} gn see ya tomorrow all
01[15:33] {Threei}  (US) Rep Harris (R-MD): House will be recovened for Sunday in order to vote on anything sent over from the Senate - CNBC- Note: This confirms earlier reports about the House recovening
01[15:51] {Threei}  OK guys, thank you, have a good evening
01[15:51] {Threei}  see you tomorrow
[15:51] {scottie} gn all