Market Week Wrap-up
- The final week of trading in the first quarter was subdued, as analysts
celebrated just how well the stock market performance has been over the last
three months. European stocks were had their best quarter since 2009, up 7%,
while Japan's Nikkei index rose nearly 20% in the quarter, for its best
performance in 24 years. MSCI's benchmark emerging equity index was up 13.7% on
the year. In the US, the S&P500 rose 12%, for its best quarterly
performance since Q3 2009, while the DJIA had its best Q1 since 1998. After the
big run up in the quarter, investors continue to wonder how sustainable the rally
really is and where the fuel for more upside will come from. Market mavens are
still betting the Fed will cart out QE3 in the months ahead and in comments
this week Chairman Bernanke affirmed accommodative policy must continue. He
noted that though the data is getting more encouraging the recovery is not yet
self sustaining, and that policy options remain on the table if things get
worse. Final Q4 US GDP met most expectations at +3.0%, however there were some
worrying signs in durables and other manufacturing numbers. Three regional
Federal Reserve banks published much weaker than expected March manufacturing
activity indices: data from the Dallas, Kansas City and Richmond Fed were
notably weak, with poor showings in the new orders subcomponents. In addition,
the March Chicago PMI survey was also soft. The February headline durable goods
orders number was weaker than expected at +2.2%, hardly making up for January's
-3.6% figure. In Europe, German officials finally gave in to pressure and
agreed to a stronger EFSF/ESM firewall fund, amounting to a grand total of
€800B, just in time for heightened tensions in Spain, where the government
insisted that it did not need to consider a bailout for its banking system or
request access to emergency funds. In energy markets, crude prices fell as
western power continued consultations on releasing strategic reserves should
the Iran situation worsen. WTI crude, which nearly hit $109 last week, was down
to $103 by Friday. Equity weakness in China helped lower prices for industrial
metals somewhat, although copper prices still closed out Q1 up 11%. The DJIA,
S&P500 and the Nasdaq all rose approximately 1% on the week.
- Troubled firms Best Buy and Research In Motion announced big changes with
earnings reports this week. Best Buy missed revenue expectations and top-line
sales were lower on a y/y basis in its Q4. Comps were negative, and the firm's
FY13 guidance leaves a lot to be desired. In addition, Best Buy said it would
close 50 US stores and eliminate jobs in a new restructuring effort, with a
renewed focus on smaller stores. Shares of Research in Motion dived after the
close on Thursday and then recovered again after the company said it would not
offer official guidance and also disclosed that it was reviewing "strategic
opportunities" and other ways to leverage its assets. The firm warned that
its revenue would be down on a sequential basis in Q1, and offered other
negative qualitative comments on FY12. Several senior executives are leaving
the firm, including CTO David Yach, and former Co-CEO Jim Balsillie is
resigning from the board.
- In other earnings, Walgreen's numbers were broadly in line with expectations,
thanks to solid y/y growth. However, the firm's overall comps were negative.
Apollo Group beat consensus expectations in its Q2 and reiterated its strong
FY12 outlook. However, enrollment trends continue to head in the wrong
direction and investors are still negative on the stock. Homebuilder Lennar is
widely beat consensus estimates in its Q1 and saw big gains in new orders y/y
and a much higher backlog of homes.
- In tech news, Apple CEO Tim Cook paid a high-profile visit to China just as
Apple's main manufacturing partner Foxconn announced that it would reduce
average working hours and improve working conditions. Google announced that it
would set up an online sales outlet to sell tablet computers from various
manufacturers running Android, some or all of which would be branded with the
Google name. The plans were chewed up by the media, with most analysts wondering
how the firm could position itself vis-a-vis low-cost rival Amazon and high-end
powerhouse Apple, with many references to its failed attempt to sell the Nexus
One smartphone online. Press reports stated that Yahoo's new CEO is said to be
planning major layoffs and is considering renegotiating its search deal with
Microsoft in favor of Google as he struggles to right the ailing firm.
- In M&A news, Pentair said it would merger with Tyco's flow control
business in a $10B combination, valuing the unit at $4.9B. Roche sweetened its
deal for gene sequencing specialist Illumina, increasing its long-spurned cash
offer by 15% to $51/share from $44.50/share prior. Roche continues to face
opposition from Illumina's second-largest shareholder, Baillie Gifford, which
owns over 11% of the company. Shares of Amylin surged after reports that the
firm had rejected a $3.5B merger bid from Bristol-Myers Squibb last month. The
offer was said to be around $22/share. Liz Claiborne shares shot higher on
Friday on a report that it had received an approach from private equity firms,
though management stated that they are not contemplating a sale.
- The euro was recovering from its mid-month soft patch coming into the week,
and EUR/USD was pretty much contained within a 1.3250 to 1.3400 range. Dealers
were perplexed by the euro's steady tone given the overwhelming problems facing
the continent. Euro zone officials signed off on a bigger €800B firewall even
as the peripheral situation remained at a slow boil in the background. Moody's
further downgraded seven Portuguese banks, Spain warned that its Q1 GDP would
be just as bad as the Q4 number (-0.3%), and S&P warned that Greece may
need another debt restructuring plan. Better German IFO data helped buoy
EUR/USD but the data was offset by commentary from the IFO economist that the
German economy was losing some of its momentum. In addition, there were reports
that Chinese President Hu Jintao was telling authorities and the business
community to invest in Italy, raising hopes for more outside support for the
euro zone.
- GBP/USD hit fresh four-and-a-half year highs as it tested above the 1.60
handle, aided by flows from the EUR/GBP cross. GBP/USD briefly tested above its
200-week average of 1.6011. The last time the pair was above that key moving
average was back in August 2008, when the pair found itself above the 1.90
handle.
- USD/JPY continued to consolidate the gains seen over the last two months.
Dealers again stressed that the US yields needed to continue to move higher
before the pair could break above the ¥84 handle, as this week's retracement
saw USD fall toward the ¥82 handle several times. The overall risk-averse
environment early in the week as well as Japanese FY-end repatriation flows
further aided the yen, as did the multi-month highs in Japan's retail trade and
household spending data points. Comments from BoJ chief Shirakawa foreshadowing
more policy easing as well as the political battle waged by PM Noda to move on
the consumption tax hike helped contain the yen strength late in the week,
keeping USD/JPY just below ¥83 handle into the weekend.
- The Shanghai Composite accelerated its retreat with a 3.7% slide, a fourth
consecutive week of decline. The most pronounced weakness was early in the
week, attributed to the first decline in China's industrial profits since 2009,
as market focus now shifts to February manufacturing PMI on tap for release
this weekend. Consensus points to a deterioration tracking surprising
contraction seen in the flash HSBC report last week.
TradeTheNews
Friday, March 30, 2012
Mar 30 2012
(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
Decent end to a solid week. No interesting trades to show though, cookie-cutters mostly.
Session Time: Fri Mar 30 00:00:00 2012
[09:03] {Les} wakey wakey
[09:03] {Threei} oh boy...
[09:04] {Threei} why, no one is here yet
[09:04] {Les} Nemo and I are
[09:04] {Les} that's enought
[09:04] {Les} - t
[09:04] {Threei} you and nemo can just between yourselves..
[09:04] {Threei} talk
[09:04] {Les} hey bunny boy
[09:04] {nemo} Just got back from the doctor's office
[09:04] {Threei} like those two tax collectors
[09:04] {Threei} old knock-knock joke...
[09:05] {Les} another one of your funny jokes?
[09:05] {Threei} hysterical
[09:05] {Les} :)
[09:05] {Threei} if you have 14 years old sense of humor
[09:05] {nemo} couldn't sleep last night, so I started drinking again at 3:00
[09:05] {Les} 14 year olds give a damn for tax collectors
[09:06] {Les} you an insomniac?
[09:06] {Threei} no, hne just useds any excuse to drink
[09:06] {Les} ok
[09:06] {nemo} about 2 night's a week I don't sleep
[09:07] {dptl} good morning
[09:07] {nemo} Actually, bunny woke me up. I hear this crinkling noise under the bed
[09:08] {Threei} dp :)
[09:08] {Les} doesn't that animal chew yer house apart?
[09:08] {nemo} Somehow, she got the bag of tortilla chips down, and dragged them under the bed and was eating them
[09:08] {nemo} No, she's really good about that
[09:08] {Les} should have thrown her a beer too
[09:09] {Threei} hmmm... RIMM is green
[09:09] {Threei} despite horrific report
[09:09] {nemo} it has support at 0
[09:13] {Les} every man and his dog gonna be shorting that one today
[09:14] {Beau} good morning
[09:14] {Threei} yeah, thinking contrarian play at some point
[09:14] {Threei} beau :)
[09:16] {nemo} I think likely we get new highs today or stay locked near the weekly pivots
[09:18] {ese} gm
[09:18] {Threei} ese :)
[09:19] {rambler} gm..
[09:19] {Threei} read this line and tell me what�s wrong with this picture:
[09:19] {Threei} *(US) FEB PERSONAL INCOME: 0.2% V 0.4%E; PERSONAL SPENDING: 0.8% V 0.6%E
[09:19] {Threei} rambler :)
[09:21] {Threei} also, in case you didn�t know - hope is a valid way to govern the economy:
[09:21] {Les} credit card
[09:21] {Threei} (IT) Italy Debt Agency (Tesoro) chief Cannata: Hope recent widening of Italian spread is temporary
[09:21] {nemo} "hope" he's screwed
[09:22] {Threei} you are so mean...
[09:22] {nemo} it's BOHICA time Italy
[09:22] {_juanco} good morning
[09:22] {Threei} jaunco :)
[09:24] {dino} gm
[09:24] {Threei} dino :)
[09:26] {thomcbell} looking for a quick short in this TEL
[09:26] {Threei} so... RIMM�s on radar for long entry, no clear idea of a setup yet
[09:26] {Threei} not necessary an opening play
[09:27] {Threei} FCX is a short play most likely, no setup yet
[09:27] {Threei} not in a mad hurry to do something right at the open
[09:28] {Threei} TEL, I sure hope spread tightens on this one
[09:29] {thomcbell} very cheap stock - i like it long ultimately
[09:29] {thomcbell} but up this much off goldman conviction buy presents opportunity
[09:30] {Threei} FCX, watch for a spike to try and find the reversal
[09:30] {Threei} likely to spike wildly
[09:32] {Threei} gosh, lousy 14 cents was all?
[09:32] {Threei} can�t be
[09:32] {Threei} Long Setup: FCX 38 break hl
[09:33] {Threei} if stays above .90
[09:33] {Threei} RIMM�s getting away... need pullback
[09:34] {dino} xrtx sm l .95
[09:34] {Threei} FCX invalidated but on radar
[09:35] {Threei} Long Setup: FCX .85 break hl
[09:36] {Threei} .75 for stop placement
[09:36] {Threei} target 1:2
[09:36] {Threei} oh come on RIMM
[09:37] {Threei} FCX 1:1
[09:37] {Threei} 1:2, out
[09:37] {rambler} out..tks V
[09:38] {Threei} yw
[09:38] {dino} finl
[09:38] {Threei} RIMM, the way you can hurt the most is to do the sharp pullback, encouraging shorts
[09:39] {Threei} drop to about 14, collect new portion of naive beard, then go to 15 never looking back
[09:39] {Les} vwap 14.20
[09:39] {Threei} do us a favor and pick us up
[09:40] {Threei} beard = bears... lol
[09:41] {Threei} we have numbvers at 45 and 55 min
[09:42] {dino} 42 pre
[09:44] {Threei} Long Setup: LVS .60 break hl
[09:44] {Threei} if stays avove .50
[09:45] {Threei} *(US) MAR CHICAGO PURCHASING MANAGER: 62.2 V 63.0E
[09:45] {Threei} two-sided
[09:45] {Threei} .50 break short
[09:46] {Threei} come to papa RIMM
[09:47] {Les} vwap .15 rimm
[09:47] {Les} also R3 daily
[09:47] {Threei} should ive under .10
[09:47] {nemo} ow
[09:47] {nemo} nothin
[09:47] {Threei} lol LVS
[09:47] {nemo} had to buy above
[09:48] {Threei} not much chance for entry eh
[09:48] {nemo} or sell above
[09:48] {Threei} 1:1... dirty scoundrel
[09:50] {Threei} Long Setup: RIMM .20 break
[09:50] {Threei} if holding .10
[09:50] {Threei} I�d still prefer it under .10
[09:50] {Threei} ok, goo
[09:50] {Threei} d
[09:51] {Threei} .15 break new trigger
[09:51] {dino} finl sm l .35
[09:51] {Threei} .10 break new trigger
[09:54] {dino} finl stop -.20
[09:54] {Threei} Long Setup: FCX .70 break
[09:54] {Threei} RIMM .95 stop
[09:54] {Threei} not a scalp
[09:55] {Threei} FCX is not a scalp either
[09:55] {Threei} 1:1
[09:55] {Threei} *(US) MAR FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 76.2E v 74.5e
[09:55] {Threei} target 1:3 FCX
[09:55] {Threei} play by the book
[09:56] {thomcbell} didnt have a clean setup i suppose but i covered tel here
[09:56] {Threei} RIMM, if I name my target you�ll think I lost my mind
[09:57] {rambler} so what else is new.....lol
[09:57] {Threei} really
[09:57] {cipher} gmcr l .90
[09:58] {_sciborg} Well lets hear it..Promise I wont think u lost ur mind ;)
[09:58] {Threei} reallycloser to 15
[09:58] {Threei} 14.90 or so
[09:58] {Threei} FCX, pesky scalpers win
[09:58] {_sciborg} sounds good to me :)
[09:58] {_sciborg} I ride it with yopu
[09:58] {Threei} with partials and trails of course
[09:58] {Threei} but trails will be looser than our normal
[09:59] {Threei} just hope we have seen the last rinse on it
[10:00] {Threei} break of .20 should sent it over .30 in a hurry
[10:00] {Threei} where first partial is to be taken
[10:01] {Threei} (PT) Portugal Stats Agency INE: 2012 Budget Deficit to GDP seen at 4.5% vs. 4.2% prior year
[10:01] {Threei} UNIVERSITY OF MICHIGAN CONFIDENCE is highest since Feb 2011
[10:02] {Threei} where does this optimism come from...
[10:02] {Les} half out .29
[10:02] {Les} credit card
[10:03] {cipher} gmcr stop -.19
[10:05] {Threei} Long Setup: LVS .20 break hl
[10:05] {Les} s fcx .59
[10:05] {Threei} if stays above .10
[10:06] {Les} cover .51
[10:06] {cipher} gmcr l.64
[10:06] {Threei} RIMM stop is .05 at this point
[10:06] {Threei} tested 1:1 twice
[10:07] {Threei} masybe .99 is better suited to the idea of riding it...
[10:07] {Threei} hard to tell, personal preference
[10:08] {dino} finl l .90
[10:09] {Threei} come on RIMM, no more rinses
[10:10] {_sciborg} arggg
[10:10] {Threei} LVS invalidated
[10:11] {Threei} hold that 14, will you
[10:12] {Threei} Long Setup: CAT .10 break hl
[10:12] {Threei} if stays above 106
[10:13] {thomcbell} now will look for a long setup in tel
[10:13] {Threei} two-sided
[10:13] {Threei} long it is
[10:14] {Threei} target 1:2
[10:15] {Threei} no go
[10:16] {Threei} Visa, MasterCard warn of 'massive' security breach, may involve more than 10 million cards
[10:17] {thomcbell} long setup tel - 36.58 break if holding 36.48
[10:17] {Threei} good read on its short tbell
[10:19] {thomcbell} ive been trading it in and out for about a week and felt it neither had the base nor following to able to sustain such a large gap
[10:20] {dino} finl stop -.17
[10:21] {dino} ioc blood
[10:21] {Threei} Long Setup: TNA .50 break hl if stays above .35
[10:23] {Threei} oh well RIMM
[10:23] {Threei} very disappointing, had really nice potenatial
[10:23] {nemo} EOQ, profit taking, no stocks bought today can clear
[10:24] {Threei} TNA is valid still
[10:25] {nemo} stop has to be under .30
[10:26] {Threei} invalidated
[10:27] {dino} xrtx l .45
[10:27] {Threei} Long Setup: X 29 break
[10:28] {Threei} if stays above .90
[10:29] {Threei} so, whose trading strategy consists of buying that winning jackpot ticket?
[10:29] {Les} how much was it worth?
[10:29] {nemo} 540 million
[10:29] {Threei} their numbers are beyond crazy Les
[10:30] {Threei} in Canada 50 mln generate frenzy
[10:30] {nemo} I was supposed to win the largest single jackpot in US history, so this must be the one
[10:30] {Les} yeh silly numbers
[10:30] {Threei} 540 is beyond math abailities of 99.8% of population
[10:30] {nemo} well, it's only like 370 mill cash
[10:30] {Threei} spelling worh �ability� is beyond mine obviously
[10:31] {nemo} then take 25-30% off for taxes
[10:31] {Les} yeh, so watch how quickly they can destroy themselves with it
[10:31] {nemo} you won't be able to retire
[10:31] {Les} then give 80% to wall st scammer who manages it
[10:31] {dino} xrtx to .67
[10:31] {thomcbell} tel has now based a bit on the 1 min
[10:32] {nemo} yeah, that would be fun when all the money management firms start calling
[10:32] {thomcbell} market very uncooperative though
[10:32] {Threei} not liking the way X behaves after break
[10:32] {Threei} let�s trail stop to .94
[10:33] {dino} to .70
[10:34] {Threei} nemo, when you win, I�ll write down a few phrases in russian to fend them off
[10:34] {nemo} I've got shotguns claymores and a big FU!!!
[10:34] {Threei} for a small administrative fee of 50 mln they are yours
[10:34] {Les} reeling in half V +.22 ty vad
[10:34] {Threei} :)
[10:34] {Les} yay there we go
[10:34] {nemo} you forgot...I have Al
[10:34] {Les} support broken
[10:35] {Threei} I am better at russian swearing
[10:35] {Threei} out X
[10:35] {dino} out xrtx .72, +.27
[10:35] {thomcbell} out tel
[10:35] {thomcbell} will wait for another setup
[10:36] {Threei} he immigrated too young, couldn�t fully absorb that part of culture
[10:36] {nemo} dude...he has a PhD in scatology
[10:36] {Threei} I have to say, there is much more weakness in the market than I expected
[10:36] {Les} so at EoQ
[10:36] {Les} do money managers have to sell today
[10:36] {Les} to lock in EoQ profits?
[10:37] {nemo} no, but they can't clear any more trades, so window dressing is over
[10:37] {Les} or they can just show paper profits to investors?
[10:37] {Threei} no
[10:37] {Threei} right
[10:37] {Les} ok
[10:37] {Les} so the profits are on paper?
[10:37] {Threei} boosting prices to show better result is what traditionally known as windows dressing
[10:37] {nemo} They can't produce any marketing material for the quarter anymore
[10:38] {Les} yeh, just wondering how they show those profits
[10:38] {Les} ok
[10:39] {Threei} morning is positive so far but I have no feeling of moral satisfaction
[10:39] {nemo} How could you, you have no morals
[10:39] {Les} ethics?
[10:39] {Les} in trading?
[10:40] {dino} 07 red
[10:40] {Threei} my moral satisfaction in trading comes from effective money extraction
[10:40] {Threei} so...
[10:41] {Les} righ
[10:41] {Les} t
[10:42] {nemo} ok this might be it on SPY Weekly R1 @140.12
[10:42] {Threei} Long Setup: TNA .10 break
[10:42] {Threei} hl
[10:42] {nemo} if you wer so inclined
[10:42] {nemo} yeah
[10:42] {Threei} .95 stop
[10:42] {Threei} .45 target
[10:43] {ese} am outta here.....have been on the phone constantly to Nashville this morning.....any of you here from there....my High School Rhythm and Blues band will be there the first week of May
[10:43] {Threei} take care ese
[10:43] {ese} cya vad
[10:43] {nemo} hey vad, think .85 needs to be the stop
[10:43] {thomcbell} same long setup again here TEL 36.59 break if hholding 36.48
[10:45] {dino} cya ese
[10:46] {Threei} 1:1
[10:46] {Threei} grrr X
[10:46] {Les} out ty
[10:46] {Threei} overtightened stop
[10:46] {Les} .28 is pivot tna
[10:46] {Threei} self-inflicted would, lol
[10:46] {Threei} wound
[10:49] {Les} V fully covered .69 +.53
[10:49] {Les} very nice info ty vad
[10:49] {Threei} wtg
[10:49] {Les} I'm outta here
[10:49] {Les} bottle time
[10:49] {Les} c u's monday
[10:49] {Threei} take care les
[10:51] {nemo} I didn't know les was still nursing at his age
[10:52] {dptl} lol
[10:52] {dino} sina sm l .45
[10:54] {nemo} Vad, TNA could go to 62.90 keep a piece on
[10:54] {Threei} just thought about moving target up
[10:55] {Threei} not that far though
[10:55] {Threei} .65
[10:55] {nemo} final target
[10:55] {Threei} target hit, out 1/4 more
[10:55] {Threei} target for the last piece is .60
[10:55] {nemo} it will likely bottom at .30
[10:56] {Threei} speaking of moral satisfaction: this kind of entry gives me one
[10:56] {Threei} look at the 1 min chart, see qwhere we nailed the reeversal
[10:56] {Threei} stop .19 for the last portion
[11:00] {thomcbell} tel 1:1
[11:00] {Threei} wtg
[11:00] {Threei} wtgTNA target hit
[11:01] {Threei} umm
[11:01] {nemo} hold a piece
[11:01] {Threei} TNA target hit
[11:01] {Threei} out
[11:01] {nemo} 100 shares
[11:01] {Threei} .60
[11:01] {Threei} nah, done with this trade, this is as far I can read it
[11:01] {nemo} too bad you can't plot vwap
[11:02] {Threei} +.50, I feel fat and happy
[11:02] {Threei} nemo, should I hit myself with a brick over the head for X mishandling, or will you help me out?
[11:03] {nemo} no problem, but I have a better location for the brick
[11:03] {Threei} no thanks
[11:03] {Threei} I tried to plot vwap once...
[11:04] {Threei} then I tied a pen to the tail of a mule, got him drunk, put a paper sheet under the pen and poked him with sharp needle
[11:04] {Threei} guess what - his drawing made mode sense thasn mine
[11:05] {dino} fmx spike
[11:06] {thomcbell} i have to go guys - im leaving a 36.55 stop on remaining TEL
[11:06] {thomcbell} sold a third up at 1:1
[11:06] {dino} cya tbell
[11:06] {thomcbell} not getting the enthusiasm i suspected
[11:06] {dino} sm l wprt .80
[11:07] {Threei} have a good weekend tbell
[11:07] {thomcbell} good month guys - had i done only the setups you have taught me - i would have made at least 2x as much Vad - :(
[11:07] {thomcbell} learning though
[11:07] {Threei} so, you have a clear plan for the next month
[11:07] {Threei} and the concept is proven
[11:08] {Threei} glass is fullm I�d say
[11:10] {dino} sm s fmx .25
[11:12] {nemo} ahahahahahah
[11:12] {dino} stop -.27
[11:13] {nemo} stop is under .90
[11:13] {Threei} OK, I am going to try that contest with mule again
[11:13] {nemo} give me the brick
[11:13] {Threei} huh
[11:14] {Threei} thid is not your usuasl technicasl spike
[11:14] {nemo} next target is spy .77
[11:14] {nemo} aapl jumped
[11:14] {nemo} dragging market up
[11:14] {Threei} too much volume and too sudden
[11:14] {nemo} 1.4 million shares on apple
[11:14] {Threei} no news yet
[11:14] {nemo} there wont be
[11:15] {nemo} they pushed the iwm and spy above vwap, that's all purely technical
[11:16] {nemo} out 62.10
[11:17] {nemo} probably should hold, think spy going to 141.12
[11:25] {dino} gpn drop
[11:27] {dino} sm l .30
[11:27] {dino} stop -.34
[11:28] {dino} i pretty much suck today
[11:29] {Threei} some days you are a windshield... spme days you are a bug
[11:29] {Threei} and some days it rains
[11:34] {dino} news gpn? i can't find anything, -4
[11:34] {Threei} GPN Ticks lower on reports that it was processor hit by earlier data breach disclosed by MA and V earlier - financial press (related MA V )
[11:35] {dino} ty
[11:35] {Threei} Long Setup: TZA .45 break
[11:35] {Threei} if stays above .40
[11:37] {Threei} (EU) ECB's Asmussen: EMU may need to evaluate moving ahead of EU in formulating financial stability goals- Notes EMU could create a special EMU bank resolution fund
[11:37] {Threei} � bank resolution fund� - how many bailout vehicles are they going to create under all the different names?
[11:39] {nemo} sina
[11:41] {Threei} interesting: GPN news came out at 11:29, but breach news were out in the morning... so it was a case of identifying the processor behind the breach, even though GPN was named in that morning news
[11:50] {Threei} challenge is not to fall asleep before the trade resolves
[11:50] {dptl} here we go lol.....
[11:50] {Threei} no problem anymore
[11:50] {Threei} lol
[11:51] {Threei} another weird spike out of nowhere, SPY
[11:51] {Threei} GPN halted
[11:51] {nemo} told ya
[11:51] {nemo} nobody listens to me
[11:52] {Threei} Cassandra syndrome?
[11:52] {nemo} sniff sniff
[11:52] {nemo} actually looking weaker here, but I figure no lower than vwap
[11:55] {rambler} out TZA -.07 av
[11:58] {nemo} C&H on SPY kinda
[12:05] {Threei} TZA rinse
[12:07] {dptl} bhi ?.84 break?
[12:08] {dino} sina to .97
[12:09] {Threei} not delighted by BHI
[12:10] {Threei} oh come on TZA
[12:10] {Threei} this is just indecent
[12:10] {dino} out sina .13, +.68
[12:10] {Threei} wtg
[12:11] {dino} ty
[12:12] {dino} lqdt drop
[12:14] {nemo} look for tna bounce when spy gets to .62 area, however could be around here too
[12:37] {dino} lqdt sm l .20
[12:39] {andj} .
[12:40] {rambler} you still in WPRT dino...?
[12:45] {thomcbell} back
[12:46] {thomcbell} lvs could be two sided here
[12:46] {thomcbell} 0.44 and 0.54
[12:46] {dino} yes, been a dog
[12:46] {dino} strange as it usually has some pulp
[12:46] {rambler} looking better now...
[12:47] {dino} y
[12:47] {dino} lqdt to .50
[12:48] {thomcbell} target just 1:2 on the short
[12:48] {thomcbell} market behaving nicely here though
[12:51] {dino} wprt to b/e
[12:52] {dino} lqdt to .60
[12:53] {thomcbell} lvs 1:1 partialling a third
[12:54] {Threei} gj
[12:57] {dino} out lqdt .61, +.41
[12:59] {rambler} nice job...
[12:59] {dino} zaza spike
[12:59] {thomcbell} lvs im flat
[13:00] {dino} sm s .83
[13:03] {dino} ty rambler
[13:04] {rambler} I had an order in on that one but wouldn't chase...lol...so missed
[13:04] {dino} fell fast after my stop
[13:05] {thomcbell} rimm a beast now
[13:06] {thomcbell} lvs hehe
[13:06] {thomcbell} scalpers win Vad
[13:09] {Threei} pesky ones
[13:09] {dino} zaza bstop to b/e
[13:15] {dino} pxd spike
[13:15] {thomcbell} have a good weekend everyone -
[13:15] {Threei} have a good one tbell
[13:15] {rambler} cya thom
[13:16] {dino} cya
[13:26] {dino} wprt out flat
[13:30] {dino} layn spke
[13:30] {dino} too fast
[13:59] {dino} liz
[14:12] {dino} zaza stop flat
[14:15] {Threei} Long Setup: X .40 break
[14:16] {Threei} if stays above .35 for hardcore scalpers, .30 for day traders
[14:20] {Threei} pesky annoying hardcore superduper extrascalpers have 1:1
[14:23] {Threei} if you are holding, stop to .34
[14:29] {Threei} stop to .39
[14:29] {Threei} touched 1 cent of 1:1 for daytraders, time to cut risk to non-existent
[14:38] {_sniper} RIMM hit that 14.90 target...sharp call
[14:39] {Threei} normal sane and generally pleasant day traders have 1:1
[14:39] {Threei} is there such thing as sane day trader?
[14:39] {dino} mos sm l .50
[14:57] {nemo} http://www.youtube.com/watch?v=a4jpXDKk-rY
[15:08] {dino} hl s fmx .80
[15:10] {_sniper} what does HL stand for at the end of a trade call setup?
[15:10] {dino} hl=half lot=500
[15:10] {_sniper} thank you
[15:10] {dino} np
[15:13] {dptl} have a good weekend all.....
[15:13] {Threei} take care dp
[15:14] {dino} cya dp
[15:21] {Threei} question
[15:21] {nemo} for whom?
[15:21] {Threei} we had a very solid week,
[15:21] {nemo} bye
[15:21] {nemo} go home
[15:21] {nemo} drink
[15:21] {Threei} do we push for one last treade to polish it off.
[15:22] {nemo} no
[15:22] {Threei} or do we leave it asd is?
[15:22] {_sciborg} Yea I think we do :)
[15:22] {_sciborg} Lets polish it
[15:22] {nemo} no push, volume is pathetic
[15:22] {Threei} ok, no spoiled mood if it doesn�t work?
[15:22] {_sciborg} Kool..Lets roll
[15:22] {_sciborg} whatever play u call I am in
[15:23] {Threei} no pressure eh
[15:23] {_sciborg} lol
[15:23] {Beau} avoid spoiled mood by just picking a winner :)
[15:23] {_sciborg} well Ia m up good this week..so can handle small loss if
[15:23] {nemo} 60-70 cents will be fine
[15:23] {Threei} good idea beau... why didn�t I think of that :)
[15:24] {Beau} my wife's suggestion to me
[15:27] {Threei} one of two setups is going to trigger:
[15:27] {Threei} Long Setup: TZA .60 break
[15:27] {Threei} or
[15:27] {Threei} Long Setup: FCX 38 break
[15:31] {Threei} FCX looks like a candidate
[15:33] {dino} fmx stop -.21
[15:35] {Les} what are we in?
[15:35] {Threei} deep thoughts
[15:35] {Les} yeeeeh right
[15:36] {Threei} like this fella: http://goo.gl/w7Mf5
[15:36] {Les} LVS short setup here?
[15:37] {Les} aaah, Rango
[15:37] {Les} I know that face
[15:37] {Threei} can�t tell LVS
[15:38] {_sciborg} Cmon FCX Lets go!!!
06[15:38] * Threei kicks FCX in the rear
[15:38] {_sciborg} ok..I am in FCX 37.98
06[15:40] * Threei pokes FCX in the ribcage with sharp stick
06[15:41] * Threei connects stick to a high voltage battery and pokes FCX again
[15:43] {Threei} like poking amoeba
[15:43] {_sciborg} i out broke even
[15:43] {_sciborg} gettign too close to close for me
[15:43] {_sciborg} lol
[15:44] {Threei} come one, 17 min more
[15:45] {dino} still in stop is .95
[15:45] {Threei} .94 for me
[15:45] {_sciborg} My first week here with you..GREattt week..Cinsider me here fulltime now...I am gone Thanks for everything have a good weekend :) see ya Monday
[15:46] {Threei} sounds goo sciborg, habve a great weekend
[15:47] {Threei} gosh, my typing...
[15:47] {Les} half out lvs .51
[15:47] {Threei} every time I think I hit rock bottom, I find the way to keerp drilling
[15:47] {Les} makes this room special vad
[15:48] {Les} out out lvs
[15:48] {Les} crap too soon. +.19
[15:48] {Threei} room where you can type with your fins and still be understood...
[15:48] {Threei} I need to think of this spin for advertising
[15:48] {dino} gj sciborg
[15:48] {Threei} good one anyway Les
[15:48] {Les} I have integrated babelfish into this discussion forum
[15:48] {Threei} SPY losing ground
[15:49] {Threei} good volume too
[15:49] {Threei} ugh, forgot about TZA
[15:49] {Threei} was a play
[15:49] {Threei} Fri... brain has taken off
[15:50] {Threei} OK
[15:50] {dino} fcx stop -.06
[15:50] {Threei} out FCX
[15:50] {Threei} thank you all
[15:50] {Threei} have a great weekend, see you all on Monday
[15:50] {Les} cheers vad. enjoy you weekend
[15:50] {rambler} thanks...cuall monday..
[15:51] {dino} thx all, gn
Decent end to a solid week. No interesting trades to show though, cookie-cutters mostly.
Session Time: Fri Mar 30 00:00:00 2012
[09:03] {Les} wakey wakey
[09:03] {Threei} oh boy...
[09:04] {Threei} why, no one is here yet
[09:04] {Les} Nemo and I are
[09:04] {Les} that's enought
[09:04] {Les} - t
[09:04] {Threei} you and nemo can just between yourselves..
[09:04] {Threei} talk
[09:04] {Les} hey bunny boy
[09:04] {nemo} Just got back from the doctor's office
[09:04] {Threei} like those two tax collectors
[09:04] {Threei} old knock-knock joke...
[09:05] {Les} another one of your funny jokes?
[09:05] {Threei} hysterical
[09:05] {Les} :)
[09:05] {Threei} if you have 14 years old sense of humor
[09:05] {nemo} couldn't sleep last night, so I started drinking again at 3:00
[09:05] {Les} 14 year olds give a damn for tax collectors
[09:06] {Les} you an insomniac?
[09:06] {Threei} no, hne just useds any excuse to drink
[09:06] {Les} ok
[09:06] {nemo} about 2 night's a week I don't sleep
[09:07] {dptl} good morning
[09:07] {nemo} Actually, bunny woke me up. I hear this crinkling noise under the bed
[09:08] {Threei} dp :)
[09:08] {Les} doesn't that animal chew yer house apart?
[09:08] {nemo} Somehow, she got the bag of tortilla chips down, and dragged them under the bed and was eating them
[09:08] {nemo} No, she's really good about that
[09:08] {Les} should have thrown her a beer too
[09:09] {Threei} hmmm... RIMM is green
[09:09] {Threei} despite horrific report
[09:09] {nemo} it has support at 0
[09:13] {Les} every man and his dog gonna be shorting that one today
[09:14] {Beau} good morning
[09:14] {Threei} yeah, thinking contrarian play at some point
[09:14] {Threei} beau :)
[09:16] {nemo} I think likely we get new highs today or stay locked near the weekly pivots
[09:18] {ese} gm
[09:18] {Threei} ese :)
[09:19] {rambler} gm..
[09:19] {Threei} read this line and tell me what�s wrong with this picture:
[09:19] {Threei} *(US) FEB PERSONAL INCOME: 0.2% V 0.4%E; PERSONAL SPENDING: 0.8% V 0.6%E
[09:19] {Threei} rambler :)
[09:21] {Threei} also, in case you didn�t know - hope is a valid way to govern the economy:
[09:21] {Les} credit card
[09:21] {Threei} (IT) Italy Debt Agency (Tesoro) chief Cannata: Hope recent widening of Italian spread is temporary
[09:21] {nemo} "hope" he's screwed
[09:22] {Threei} you are so mean...
[09:22] {nemo} it's BOHICA time Italy
[09:22] {_juanco} good morning
[09:22] {Threei} jaunco :)
[09:24] {dino} gm
[09:24] {Threei} dino :)
[09:26] {thomcbell} looking for a quick short in this TEL
[09:26] {Threei} so... RIMM�s on radar for long entry, no clear idea of a setup yet
[09:26] {Threei} not necessary an opening play
[09:27] {Threei} FCX is a short play most likely, no setup yet
[09:27] {Threei} not in a mad hurry to do something right at the open
[09:28] {Threei} TEL, I sure hope spread tightens on this one
[09:29] {thomcbell} very cheap stock - i like it long ultimately
[09:29] {thomcbell} but up this much off goldman conviction buy presents opportunity
[09:30] {Threei} FCX, watch for a spike to try and find the reversal
[09:30] {Threei} likely to spike wildly
[09:32] {Threei} gosh, lousy 14 cents was all?
[09:32] {Threei} can�t be
[09:32] {Threei} Long Setup: FCX 38 break hl
[09:33] {Threei} if stays above .90
[09:33] {Threei} RIMM�s getting away... need pullback
[09:34] {dino} xrtx sm l .95
[09:34] {Threei} FCX invalidated but on radar
[09:35] {Threei} Long Setup: FCX .85 break hl
[09:36] {Threei} .75 for stop placement
[09:36] {Threei} target 1:2
[09:36] {Threei} oh come on RIMM
[09:37] {Threei} FCX 1:1
[09:37] {Threei} 1:2, out
[09:37] {rambler} out..tks V
[09:38] {Threei} yw
[09:38] {dino} finl
[09:38] {Threei} RIMM, the way you can hurt the most is to do the sharp pullback, encouraging shorts
[09:39] {Threei} drop to about 14, collect new portion of naive beard, then go to 15 never looking back
[09:39] {Les} vwap 14.20
[09:39] {Threei} do us a favor and pick us up
[09:40] {Threei} beard = bears... lol
[09:41] {Threei} we have numbvers at 45 and 55 min
[09:42] {dino} 42 pre
[09:44] {Threei} Long Setup: LVS .60 break hl
[09:44] {Threei} if stays avove .50
[09:45] {Threei} *(US) MAR CHICAGO PURCHASING MANAGER: 62.2 V 63.0E
[09:45] {Threei} two-sided
[09:45] {Threei} .50 break short
[09:46] {Threei} come to papa RIMM
[09:47] {Les} vwap .15 rimm
[09:47] {Les} also R3 daily
[09:47] {Threei} should ive under .10
[09:47] {nemo} ow
[09:47] {nemo} nothin
[09:47] {Threei} lol LVS
[09:47] {nemo} had to buy above
[09:48] {Threei} not much chance for entry eh
[09:48] {nemo} or sell above
[09:48] {Threei} 1:1... dirty scoundrel
[09:50] {Threei} Long Setup: RIMM .20 break
[09:50] {Threei} if holding .10
[09:50] {Threei} I�d still prefer it under .10
[09:50] {Threei} ok, goo
[09:50] {Threei} d
[09:51] {Threei} .15 break new trigger
[09:51] {dino} finl sm l .35
[09:51] {Threei} .10 break new trigger
[09:54] {dino} finl stop -.20
[09:54] {Threei} Long Setup: FCX .70 break
[09:54] {Threei} RIMM .95 stop
[09:54] {Threei} not a scalp
[09:55] {Threei} FCX is not a scalp either
[09:55] {Threei} 1:1
[09:55] {Threei} *(US) MAR FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 76.2E v 74.5e
[09:55] {Threei} target 1:3 FCX
[09:55] {Threei} play by the book
[09:56] {thomcbell} didnt have a clean setup i suppose but i covered tel here
[09:56] {Threei} RIMM, if I name my target you�ll think I lost my mind
[09:57] {rambler} so what else is new.....lol
[09:57] {Threei} really
[09:57] {cipher} gmcr l .90
[09:58] {_sciborg} Well lets hear it..Promise I wont think u lost ur mind ;)
[09:58] {Threei} reallycloser to 15
[09:58] {Threei} 14.90 or so
[09:58] {Threei} FCX, pesky scalpers win
[09:58] {_sciborg} sounds good to me :)
[09:58] {_sciborg} I ride it with yopu
[09:58] {Threei} with partials and trails of course
[09:58] {Threei} but trails will be looser than our normal
[09:59] {Threei} just hope we have seen the last rinse on it
[10:00] {Threei} break of .20 should sent it over .30 in a hurry
[10:00] {Threei} where first partial is to be taken
[10:01] {Threei} (PT) Portugal Stats Agency INE: 2012 Budget Deficit to GDP seen at 4.5% vs. 4.2% prior year
[10:01] {Threei} UNIVERSITY OF MICHIGAN CONFIDENCE is highest since Feb 2011
[10:02] {Threei} where does this optimism come from...
[10:02] {Les} half out .29
[10:02] {Les} credit card
[10:03] {cipher} gmcr stop -.19
[10:05] {Threei} Long Setup: LVS .20 break hl
[10:05] {Les} s fcx .59
[10:05] {Threei} if stays above .10
[10:06] {Les} cover .51
[10:06] {cipher} gmcr l.64
[10:06] {Threei} RIMM stop is .05 at this point
[10:06] {Threei} tested 1:1 twice
[10:07] {Threei} masybe .99 is better suited to the idea of riding it...
[10:07] {Threei} hard to tell, personal preference
[10:08] {dino} finl l .90
[10:09] {Threei} come on RIMM, no more rinses
[10:10] {_sciborg} arggg
[10:10] {Threei} LVS invalidated
[10:11] {Threei} hold that 14, will you
[10:12] {Threei} Long Setup: CAT .10 break hl
[10:12] {Threei} if stays above 106
[10:13] {thomcbell} now will look for a long setup in tel
[10:13] {Threei} two-sided
[10:13] {Threei} long it is
[10:14] {Threei} target 1:2
[10:15] {Threei} no go
[10:16] {Threei} Visa, MasterCard warn of 'massive' security breach, may involve more than 10 million cards
[10:17] {thomcbell} long setup tel - 36.58 break if holding 36.48
[10:17] {Threei} good read on its short tbell
[10:19] {thomcbell} ive been trading it in and out for about a week and felt it neither had the base nor following to able to sustain such a large gap
[10:20] {dino} finl stop -.17
[10:21] {dino} ioc blood
[10:21] {Threei} Long Setup: TNA .50 break hl if stays above .35
[10:23] {Threei} oh well RIMM
[10:23] {Threei} very disappointing, had really nice potenatial
[10:23] {nemo} EOQ, profit taking, no stocks bought today can clear
[10:24] {Threei} TNA is valid still
[10:25] {nemo} stop has to be under .30
[10:26] {Threei} invalidated
[10:27] {dino} xrtx l .45
[10:27] {Threei} Long Setup: X 29 break
[10:28] {Threei} if stays above .90
[10:29] {Threei} so, whose trading strategy consists of buying that winning jackpot ticket?
[10:29] {Les} how much was it worth?
[10:29] {nemo} 540 million
[10:29] {Threei} their numbers are beyond crazy Les
[10:30] {Threei} in Canada 50 mln generate frenzy
[10:30] {nemo} I was supposed to win the largest single jackpot in US history, so this must be the one
[10:30] {Les} yeh silly numbers
[10:30] {Threei} 540 is beyond math abailities of 99.8% of population
[10:30] {nemo} well, it's only like 370 mill cash
[10:30] {Threei} spelling worh �ability� is beyond mine obviously
[10:31] {nemo} then take 25-30% off for taxes
[10:31] {Les} yeh, so watch how quickly they can destroy themselves with it
[10:31] {nemo} you won't be able to retire
[10:31] {Les} then give 80% to wall st scammer who manages it
[10:31] {dino} xrtx to .67
[10:31] {thomcbell} tel has now based a bit on the 1 min
[10:32] {nemo} yeah, that would be fun when all the money management firms start calling
[10:32] {thomcbell} market very uncooperative though
[10:32] {Threei} not liking the way X behaves after break
[10:32] {Threei} let�s trail stop to .94
[10:33] {dino} to .70
[10:34] {Threei} nemo, when you win, I�ll write down a few phrases in russian to fend them off
[10:34] {nemo} I've got shotguns claymores and a big FU!!!
[10:34] {Threei} for a small administrative fee of 50 mln they are yours
[10:34] {Les} reeling in half V +.22 ty vad
[10:34] {Threei} :)
[10:34] {Les} yay there we go
[10:34] {nemo} you forgot...I have Al
[10:34] {Les} support broken
[10:35] {Threei} I am better at russian swearing
[10:35] {Threei} out X
[10:35] {dino} out xrtx .72, +.27
[10:35] {thomcbell} out tel
[10:35] {thomcbell} will wait for another setup
[10:36] {Threei} he immigrated too young, couldn�t fully absorb that part of culture
[10:36] {nemo} dude...he has a PhD in scatology
[10:36] {Threei} I have to say, there is much more weakness in the market than I expected
[10:36] {Les} so at EoQ
[10:36] {Les} do money managers have to sell today
[10:36] {Les} to lock in EoQ profits?
[10:37] {nemo} no, but they can't clear any more trades, so window dressing is over
[10:37] {Les} or they can just show paper profits to investors?
[10:37] {Threei} no
[10:37] {Threei} right
[10:37] {Les} ok
[10:37] {Les} so the profits are on paper?
[10:37] {Threei} boosting prices to show better result is what traditionally known as windows dressing
[10:37] {nemo} They can't produce any marketing material for the quarter anymore
[10:38] {Les} yeh, just wondering how they show those profits
[10:38] {Les} ok
[10:39] {Threei} morning is positive so far but I have no feeling of moral satisfaction
[10:39] {nemo} How could you, you have no morals
[10:39] {Les} ethics?
[10:39] {Les} in trading?
[10:40] {dino} 07 red
[10:40] {Threei} my moral satisfaction in trading comes from effective money extraction
[10:40] {Threei} so...
[10:41] {Les} righ
[10:41] {Les} t
[10:42] {nemo} ok this might be it on SPY Weekly R1 @140.12
[10:42] {Threei} Long Setup: TNA .10 break
[10:42] {Threei} hl
[10:42] {nemo} if you wer so inclined
[10:42] {nemo} yeah
[10:42] {Threei} .95 stop
[10:42] {Threei} .45 target
[10:43] {ese} am outta here.....have been on the phone constantly to Nashville this morning.....any of you here from there....my High School Rhythm and Blues band will be there the first week of May
[10:43] {Threei} take care ese
[10:43] {ese} cya vad
[10:43] {nemo} hey vad, think .85 needs to be the stop
[10:43] {thomcbell} same long setup again here TEL 36.59 break if hholding 36.48
[10:45] {dino} cya ese
[10:46] {Threei} 1:1
[10:46] {Threei} grrr X
[10:46] {Les} out ty
[10:46] {Threei} overtightened stop
[10:46] {Les} .28 is pivot tna
[10:46] {Threei} self-inflicted would, lol
[10:46] {Threei} wound
[10:49] {Les} V fully covered .69 +.53
[10:49] {Les} very nice info ty vad
[10:49] {Threei} wtg
[10:49] {Les} I'm outta here
[10:49] {Les} bottle time
[10:49] {Les} c u's monday
[10:49] {Threei} take care les
[10:51] {nemo} I didn't know les was still nursing at his age
[10:52] {dptl} lol
[10:52] {dino} sina sm l .45
[10:54] {nemo} Vad, TNA could go to 62.90 keep a piece on
[10:54] {Threei} just thought about moving target up
[10:55] {Threei} not that far though
[10:55] {Threei} .65
[10:55] {nemo} final target
[10:55] {Threei} target hit, out 1/4 more
[10:55] {Threei} target for the last piece is .60
[10:55] {nemo} it will likely bottom at .30
[10:56] {Threei} speaking of moral satisfaction: this kind of entry gives me one
[10:56] {Threei} look at the 1 min chart, see qwhere we nailed the reeversal
[10:56] {Threei} stop .19 for the last portion
[11:00] {thomcbell} tel 1:1
[11:00] {Threei} wtg
[11:00] {Threei} wtgTNA target hit
[11:01] {Threei} umm
[11:01] {nemo} hold a piece
[11:01] {Threei} TNA target hit
[11:01] {Threei} out
[11:01] {nemo} 100 shares
[11:01] {Threei} .60
[11:01] {Threei} nah, done with this trade, this is as far I can read it
[11:01] {nemo} too bad you can't plot vwap
[11:02] {Threei} +.50, I feel fat and happy
[11:02] {Threei} nemo, should I hit myself with a brick over the head for X mishandling, or will you help me out?
[11:03] {nemo} no problem, but I have a better location for the brick
[11:03] {Threei} no thanks
[11:03] {Threei} I tried to plot vwap once...
[11:04] {Threei} then I tied a pen to the tail of a mule, got him drunk, put a paper sheet under the pen and poked him with sharp needle
[11:04] {Threei} guess what - his drawing made mode sense thasn mine
[11:05] {dino} fmx spike
[11:06] {thomcbell} i have to go guys - im leaving a 36.55 stop on remaining TEL
[11:06] {thomcbell} sold a third up at 1:1
[11:06] {dino} cya tbell
[11:06] {thomcbell} not getting the enthusiasm i suspected
[11:06] {dino} sm l wprt .80
[11:07] {Threei} have a good weekend tbell
[11:07] {thomcbell} good month guys - had i done only the setups you have taught me - i would have made at least 2x as much Vad - :(
[11:07] {thomcbell} learning though
[11:07] {Threei} so, you have a clear plan for the next month
[11:07] {Threei} and the concept is proven
[11:08] {Threei} glass is fullm I�d say
[11:10] {dino} sm s fmx .25
[11:12] {nemo} ahahahahahah
[11:12] {dino} stop -.27
[11:13] {nemo} stop is under .90
[11:13] {Threei} OK, I am going to try that contest with mule again
[11:13] {nemo} give me the brick
[11:13] {Threei} huh
[11:14] {Threei} thid is not your usuasl technicasl spike
[11:14] {nemo} next target is spy .77
[11:14] {nemo} aapl jumped
[11:14] {nemo} dragging market up
[11:14] {Threei} too much volume and too sudden
[11:14] {nemo} 1.4 million shares on apple
[11:14] {Threei} no news yet
[11:14] {nemo} there wont be
[11:15] {nemo} they pushed the iwm and spy above vwap, that's all purely technical
[11:16] {nemo} out 62.10
[11:17] {nemo} probably should hold, think spy going to 141.12
[11:25] {dino} gpn drop
[11:27] {dino} sm l .30
[11:27] {dino} stop -.34
[11:28] {dino} i pretty much suck today
[11:29] {Threei} some days you are a windshield... spme days you are a bug
[11:29] {Threei} and some days it rains
[11:34] {dino} news gpn? i can't find anything, -4
[11:34] {Threei} GPN Ticks lower on reports that it was processor hit by earlier data breach disclosed by MA and V earlier - financial press (related MA V )
[11:35] {dino} ty
[11:35] {Threei} Long Setup: TZA .45 break
[11:35] {Threei} if stays above .40
[11:37] {Threei} (EU) ECB's Asmussen: EMU may need to evaluate moving ahead of EU in formulating financial stability goals- Notes EMU could create a special EMU bank resolution fund
[11:37] {Threei} � bank resolution fund� - how many bailout vehicles are they going to create under all the different names?
[11:39] {nemo} sina
[11:41] {Threei} interesting: GPN news came out at 11:29, but breach news were out in the morning... so it was a case of identifying the processor behind the breach, even though GPN was named in that morning news
[11:50] {Threei} challenge is not to fall asleep before the trade resolves
[11:50] {dptl} here we go lol.....
[11:50] {Threei} no problem anymore
[11:50] {Threei} lol
[11:51] {Threei} another weird spike out of nowhere, SPY
[11:51] {Threei} GPN halted
[11:51] {nemo} told ya
[11:51] {nemo} nobody listens to me
[11:52] {Threei} Cassandra syndrome?
[11:52] {nemo} sniff sniff
[11:52] {nemo} actually looking weaker here, but I figure no lower than vwap
[11:55] {rambler} out TZA -.07 av
[11:58] {nemo} C&H on SPY kinda
[12:05] {Threei} TZA rinse
[12:07] {dptl} bhi ?.84 break?
[12:08] {dino} sina to .97
[12:09] {Threei} not delighted by BHI
[12:10] {Threei} oh come on TZA
[12:10] {Threei} this is just indecent
[12:10] {dino} out sina .13, +.68
[12:10] {Threei} wtg
[12:11] {dino} ty
[12:12] {dino} lqdt drop
[12:14] {nemo} look for tna bounce when spy gets to .62 area, however could be around here too
[12:37] {dino} lqdt sm l .20
[12:39] {andj} .
[12:40] {rambler} you still in WPRT dino...?
[12:45] {thomcbell} back
[12:46] {thomcbell} lvs could be two sided here
[12:46] {thomcbell} 0.44 and 0.54
[12:46] {dino} yes, been a dog
[12:46] {dino} strange as it usually has some pulp
[12:46] {rambler} looking better now...
[12:47] {dino} y
[12:47] {dino} lqdt to .50
[12:48] {thomcbell} target just 1:2 on the short
[12:48] {thomcbell} market behaving nicely here though
[12:51] {dino} wprt to b/e
[12:52] {dino} lqdt to .60
[12:53] {thomcbell} lvs 1:1 partialling a third
[12:54] {Threei} gj
[12:57] {dino} out lqdt .61, +.41
[12:59] {rambler} nice job...
[12:59] {dino} zaza spike
[12:59] {thomcbell} lvs im flat
[13:00] {dino} sm s .83
[13:03] {dino} ty rambler
[13:04] {rambler} I had an order in on that one but wouldn't chase...lol...so missed
[13:04] {dino} fell fast after my stop
[13:05] {thomcbell} rimm a beast now
[13:06] {thomcbell} lvs hehe
[13:06] {thomcbell} scalpers win Vad
[13:09] {Threei} pesky ones
[13:09] {dino} zaza bstop to b/e
[13:15] {dino} pxd spike
[13:15] {thomcbell} have a good weekend everyone -
[13:15] {Threei} have a good one tbell
[13:15] {rambler} cya thom
[13:16] {dino} cya
[13:26] {dino} wprt out flat
[13:30] {dino} layn spke
[13:30] {dino} too fast
[13:59] {dino} liz
[14:12] {dino} zaza stop flat
[14:15] {Threei} Long Setup: X .40 break
[14:16] {Threei} if stays above .35 for hardcore scalpers, .30 for day traders
[14:20] {Threei} pesky annoying hardcore superduper extrascalpers have 1:1
[14:23] {Threei} if you are holding, stop to .34
[14:29] {Threei} stop to .39
[14:29] {Threei} touched 1 cent of 1:1 for daytraders, time to cut risk to non-existent
[14:38] {_sniper} RIMM hit that 14.90 target...sharp call
[14:39] {Threei} normal sane and generally pleasant day traders have 1:1
[14:39] {Threei} is there such thing as sane day trader?
[14:39] {dino} mos sm l .50
[14:57] {nemo} http://www.youtube.com/watch?v=a4jpXDKk-rY
[15:08] {dino} hl s fmx .80
[15:10] {_sniper} what does HL stand for at the end of a trade call setup?
[15:10] {dino} hl=half lot=500
[15:10] {_sniper} thank you
[15:10] {dino} np
[15:13] {dptl} have a good weekend all.....
[15:13] {Threei} take care dp
[15:14] {dino} cya dp
[15:21] {Threei} question
[15:21] {nemo} for whom?
[15:21] {Threei} we had a very solid week,
[15:21] {nemo} bye
[15:21] {nemo} go home
[15:21] {nemo} drink
[15:21] {Threei} do we push for one last treade to polish it off.
[15:22] {nemo} no
[15:22] {Threei} or do we leave it asd is?
[15:22] {_sciborg} Yea I think we do :)
[15:22] {_sciborg} Lets polish it
[15:22] {nemo} no push, volume is pathetic
[15:22] {Threei} ok, no spoiled mood if it doesn�t work?
[15:22] {_sciborg} Kool..Lets roll
[15:22] {_sciborg} whatever play u call I am in
[15:23] {Threei} no pressure eh
[15:23] {_sciborg} lol
[15:23] {Beau} avoid spoiled mood by just picking a winner :)
[15:23] {_sciborg} well Ia m up good this week..so can handle small loss if
[15:23] {nemo} 60-70 cents will be fine
[15:23] {Threei} good idea beau... why didn�t I think of that :)
[15:24] {Beau} my wife's suggestion to me
[15:27] {Threei} one of two setups is going to trigger:
[15:27] {Threei} Long Setup: TZA .60 break
[15:27] {Threei} or
[15:27] {Threei} Long Setup: FCX 38 break
[15:31] {Threei} FCX looks like a candidate
[15:33] {dino} fmx stop -.21
[15:35] {Les} what are we in?
[15:35] {Threei} deep thoughts
[15:35] {Les} yeeeeh right
[15:36] {Threei} like this fella: http://goo.gl/w7Mf5
[15:36] {Les} LVS short setup here?
[15:37] {Les} aaah, Rango
[15:37] {Les} I know that face
[15:37] {Threei} can�t tell LVS
[15:38] {_sciborg} Cmon FCX Lets go!!!
06[15:38] * Threei kicks FCX in the rear
[15:38] {_sciborg} ok..I am in FCX 37.98
06[15:40] * Threei pokes FCX in the ribcage with sharp stick
06[15:41] * Threei connects stick to a high voltage battery and pokes FCX again
[15:43] {Threei} like poking amoeba
[15:43] {_sciborg} i out broke even
[15:43] {_sciborg} gettign too close to close for me
[15:43] {_sciborg} lol
[15:44] {Threei} come one, 17 min more
[15:45] {dino} still in stop is .95
[15:45] {Threei} .94 for me
[15:45] {_sciborg} My first week here with you..GREattt week..Cinsider me here fulltime now...I am gone Thanks for everything have a good weekend :) see ya Monday
[15:46] {Threei} sounds goo sciborg, habve a great weekend
[15:47] {Threei} gosh, my typing...
[15:47] {Les} half out lvs .51
[15:47] {Threei} every time I think I hit rock bottom, I find the way to keerp drilling
[15:47] {Les} makes this room special vad
[15:48] {Les} out out lvs
[15:48] {Les} crap too soon. +.19
[15:48] {Threei} room where you can type with your fins and still be understood...
[15:48] {Threei} I need to think of this spin for advertising
[15:48] {dino} gj sciborg
[15:48] {Threei} good one anyway Les
[15:48] {Les} I have integrated babelfish into this discussion forum
[15:48] {Threei} SPY losing ground
[15:49] {Threei} good volume too
[15:49] {Threei} ugh, forgot about TZA
[15:49] {Threei} was a play
[15:49] {Threei} Fri... brain has taken off
[15:50] {Threei} OK
[15:50] {dino} fcx stop -.06
[15:50] {Threei} out FCX
[15:50] {Threei} thank you all
[15:50] {Threei} have a great weekend, see you all on Monday
[15:50] {Les} cheers vad. enjoy you weekend
[15:50] {rambler} thanks...cuall monday..
[15:51] {dino} thx all, gn
Thursday, March 29, 2012
Mar 29 2012
(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
Very nice day with a lot of wins and very few stops. Catch of the Day today is somewhat unusual: two trades in a quick succession on the same stock, short first and switching to long second. Instead of long-winded explanations, let me just post comments made in the room.
[11:06] {Threei} Short Setup: CAT .40 break, .55 stop
[11:11] 1:1, out and looking to reverse
[11:12] Long Setup: CAT .10 break if holding 104
[11:13] right where I wanted it earlier
[11:13] whether it works or not, this is a trade to be taken
[11:14] target 1:2, maybe more
[11:14] 1:1
[11:14] let’s do three partials
[11:14] 1:2
[11:14] stop to .19 for the last piece
[11:15] 1:3, over and out
[11:15] like a fiddle
Very nice day with a lot of wins and very few stops. Catch of the Day today is somewhat unusual: two trades in a quick succession on the same stock, short first and switching to long second. Instead of long-winded explanations, let me just post comments made in the room.
[11:06] {Threei} Short Setup: CAT .40 break, .55 stop
[11:11] 1:1, out and looking to reverse
[11:12] Long Setup: CAT .10 break if holding 104
[11:13] right where I wanted it earlier
[11:13] whether it works or not, this is a trade to be taken
[11:14] target 1:2, maybe more
[11:14] 1:1
[11:14] let’s do three partials
[11:14] 1:2
[11:14] stop to .19 for the last piece
[11:15] 1:3, over and out
[11:15] like a fiddle
Session Time: Thu Mar 29 00:00:00 2012
[08:38] {Threei} *(US) INITIAL JOBLESS CLAIMS: 359K V 350KE; CONTINUING CLAIMS: 3.340M V 3.350ME- Prior Initial Claims revised higher from 348K to 364K - Prior Continuing Claims higher from 3.352M to 3.381M
[08:39] {Threei} they run out of creative accounting?
[08:40] {Threei} or save it for he months closer to election?
[08:40] {Les} run out of warm winter...
[08:40] {Threei} aww... you with your reality
[08:55] {Threei} 87% of all statistics are made up
[08:57] {nemo} that was weird on spy
[08:57] {Threei} ?
[09:01] {nemo} I got a funny candle at 8.57
[09:01] {Threei} none here... 2 cents bwtween high and low
[09:02] {nemo} o.k.
[09:08] {_juanco} good morning
[09:09] {Threei} juanco :)
[09:13] {Threei} so far, today feels like continuation of selling iks going to be a major theme
[09:13] {nemo} maybe not too much EOQ
[09:14] {Les} TLT has another .50, .75 before it hits resistance
[09:14] {ese} gm
[09:14] {Les} maybe 1.20 more
[09:15] {Threei} ese :)
[09:15] {Threei} House has overwhelmingly rejected President Barack Obama's $3.6 trillion budget for next year. The vote was 414-0.
[09:15] {nemo} Hey Vad, you were tweeted by the Kirk Report
[09:15] {Threei} huh?
[09:15] {Threei} me?
[09:15] {Threei} by who?
[09:15] {nemo} I just retweeted it
[09:15] {Beau} good morning you all
[09:15] {Threei} beau :)
[09:15] {nemo} the Kirk Report
[09:16] {Threei} I am so out of times... I don�t know what that is :)
[09:16] {ese} whats the kirk report?
[09:16] {ese} egggzactilly
[09:16] {nemo} He's well known in trading circles, runs a premium service too
[09:16] {nemo} frickin' Ese, will you learn how to spell, you've been here long enough
[09:16] {Threei} I see yout retweet
[09:16] {Threei} ty
[09:17] {Les} where is it nemo?
[09:17] {Les} looking can't see it
[09:17] {nemo} I retweeted it
[09:17] {Threei} they linked my article Les
[09:17] {Threei} this one:
[09:17] {Les} where's the link
[09:18] {Threei} http://blog.realitytrader.com/2012/02/is-market-battlefield-for-you.html
[09:18] {dino} gm
[09:18] {Threei} dino :)
[09:18] {ese} lol
[09:18] {nemo} it's "Eqzaktly"!!!
[09:18] {ese} dino
[09:18] {ese} ahhhhhhhh.....
[09:18] {Threei} so how come no single democrat in the house voted for the budget?
[09:19] {nemo} election year
[09:19] {ese} 414 to zip.......thats bizzare
[09:19] {dino} was wondering that too
[09:19] {ese} are there serious cuts there?
[09:19] {ese} like a trillion or so
[09:19] {Threei} kidding?
[09:20] {Les} proverbial lnyching of a black president....
[09:20] {Threei} the only cuts they introduce are cuts to increase of spending
[09:21] {Threei} so, instead of increase of 10T more of money we don�t have we are goling to spend only 6T more
[09:21] {Threei} Yay, we cut spending!
[09:23] {Threei} you want to see real cuts at least starting, wait for today�s Canada budget
[09:24] {Threei} Democrats have defended Obama's budget priorities but they largely voted "no" Wednesday night.
[09:24] {Threei} Republicans said Democrats were afraid to vote for Obama's proposed tax increases and extra spending for energy and welfare.
[09:25] {Threei} there you go
[09:26] {Threei} selling pick up
[09:26] {Threei} short into bounces will be first idea
[09:28] {rambler} gm
[09:28] {Threei} rambler :)
[09:29] {nemo} heheheh, just took a buck out of MOS short
[09:29] {ese} well done nemo
[09:30] {Threei} FCX
[09:31] {Threei} Short Setup: FCX .20 break
[09:31] {Threei} hl of copurse
[09:31] {Threei} stop above .30
[09:32] {Threei} stop to .26
[09:32] {Threei} was 1 cent of 1:1
[09:32] {Threei} 1:1
[09:34] {Threei} Short Setup: SLW .25 break
[09:34] {Threei} if stays under .35
[09:35] {Threei} invalidated
[09:35] {Threei} Short Setup: LVS .90 break hl
[09:35] {Threei} if stays under 58
[09:35] {Threei} invalidated
[09:36] {Threei} on radar though
[09:37] {Threei} Short Setup: SLW .40 break
[09:37] {Threei} if stays under .50
[09:38] {Threei} Short Setup: LVS .95 break hl
[09:39] {Threei} if stays under .05
[09:40] {Threei} LVS 1:1
[09:40] {Threei} tagert 1:3
[09:40] {Threei} SLW 1:1
[09:40] {Threei} not sure on target on this one
[09:40] {Threei} LVS 1:2
[09:41] {Threei} stop .91 for the last part
[09:42] {Threei} Short Setup: FCX .25 break
[09:42] {Threei} stop above .35
[09:42] {dino} big sm l .50
[09:43] {Threei} make up yuor mind dino... big or sm?
[09:43] {Threei} I am easily confused
[09:43] {Les} stick to trading vad. leave the wisecracks to nemo
[09:44] {Les} :)
[09:44] {Threei} yes sir
[09:44] {Threei} trail FCX to .31
[09:44] {nemo} ;)
[09:44] {dino} lol
[09:44] {Threei} FCX 1:1
[09:45] {Threei} lol, fake proint at 1:2
[09:45] {Threei} LVS 1:3 target hit
[09:46] {Threei} out in full
[09:46] {Threei} feeling fat and happy
[09:46] {Threei} wait... I take that back, too rich target for nemo
[09:47] {Threei} what�s with bout of enthusiasm?
[09:47] {cipher} gmcr l .73
[09:47] {dino} big stop -.30
[09:47] {dino} wtf rinsed
[09:47] {cipher} meli l .39
[09:48] {Threei} no news for SPY spike
[09:51] {cipher} gmcr stop -.16
[09:53] {cipher} gmcr l .29
[09:54] {cipher} out 1/2 .47
[09:55] {Threei} Short Setup: GLD small shares 161 break
[09:55] {dino} air pocket
[09:56] {dino} wprt sm l .51 stop lod
[09:56] {Les} FDX at strong support
[09:57] {Threei} if stays under .10
[09:58] {Threei} no news for this drop either
[09:58] {Threei} GLD is probably two-sided
[09:59] {dino} aet, unh, hum spikey
[09:59] {nemo} supreme court decision
[09:59] {Threei} invalidated short side
[09:59] {dino} wprt stop -.16
[09:59] {dino} big sm l .50 wide
[10:00] {dino} no decision until june nemo
[10:00] {Threei} isn�t it expected in June or something like that nemo?
[10:00] {nemo} yeah, but that's why they're moving
[10:02] {dino} agreed
[10:02] {nemo} Hey...I'm not as dumb as I look
[10:02] {Threei} so, consensus is bill will be struck?
[10:02] {nemo} Then again....
[10:02] {nemo} nobody could be THAT dumb
[10:03] {Threei} Short Setup: LVS
[10:03] {Threei} .50 break
[10:04] {Threei} if stays under .60
[10:04] {dino} lol, welcome to the jungle just on
[10:04] {dino} wprt sm l .20
[10:05] {dino} 07 green
[10:07] {ese} L REE .35 avg .40
[10:07] {dino} big to .05
[10:07] {ese} still hangin on to some from yesterday
[10:07] {dino} out big .05, +.55
[10:07] {Les} nice. and nice chart. missed it
[10:08] {ese} i'll say thats out big
[10:08] {Les} son of vad
[10:08] {ese} lol
[10:08] {Threei} lol
[10:09] {dino} ty
[10:09] {dino} sm l mako .85
[10:10] {dino} that sucked
[10:11] {dino} stocks are getting pulpy, all over
[10:13] {ese} ya definitely....look at how ree is moving
[10:14] {ese} but i'm likin this 11 day consolidation with this thing.......i'm betin up
[10:16] {ese} of course if Bernackers opens his mouth anytime soon i'll be toast
[10:17] {Threei} lol
[10:17] {Threei} out LVS
[10:17] {Threei} way too sharp drop, don�t want to stick around for just as sharp bounce
[10:18] {Threei} a bit too soon
[10:18] {Threei} but whatever
[10:18] {Threei} SPY is really pulpy today
[10:19] {Les} yeh like everyone is out at the pub
[10:19] {dino} mos sm l .60
[10:19] {Threei} ugh, 1:2
[10:19] {nemo} that's S3, don't have to give it much room
[10:19] {nemo} Dino
[10:20] {ese} ya have to say that like the British...."pooub"
[10:20] {Threei} oh, that where dp is today!
[10:20] {Les} get off ya horse mate, we say it like "hub"
[10:21] {Threei} I was wondering
[10:21] {Les} no pommies round here
[10:21] {Threei} and andj
[10:21] {dino} saw that nemo, thx
[10:21] {nemo} no, just a token wombat poker
[10:21] {ese} aaahhhhhh....good to know.....am always lookin to speak another language
[10:22] {nemo} say this to Les: "Lech mich im Arsch!"
[10:22] {ese} rotflol..........well done
[10:22] {Les} janitor
[10:22] {ese} that was funny
[10:23] {cipher} mako l.43
[10:26] {dino} lnn drop
[10:26] {dino} thin
[10:28] {ese} what happened?
[10:28] {dino} tripped on cord
[10:28] {Les} http://www.multpl.com/
[10:29] {ese} time stood still here for a minute or so
[10:29] {Les} interesting look at PE ration of SP
[10:29] {Les} ratio
[10:29] {Threei} (IR) Russia Foreign Min: Iran's nuclear program is expanding and is in violation of UN resolutions; any strike against Iran would result in more economic crisis- Notes that tensions could lead to a military conflict
[10:30] {Threei} have no doubt, he said all that jumping up and down and not even trying to hide the smirk
[10:30] {ese} is he talking about a strike against Iran? that would be a different tact
[10:31] {nemo} jeez...rht
[10:31] {dino} crazy
[10:31] {Threei} let�s see if we can get TZA long between 17.95 and 18
[10:32] {nemo} I think you are bottoming here, important spy and iwm levels
[10:32] {Threei} don�t have such feel...
[10:32] {Les} not yet
[10:33] {Threei} to me, there is more selling in cards
[10:33] {Les} hourly MACD wiiiiide open
[10:33] {Threei} crap
[10:34] {Threei} TZA did go where I wanted it but too ast to react
[10:34] {Threei} look at it go
[10:35] {Threei} [09:13] {Threei} so far, today feels like continuation of selling iks going to be a major theme
[10:36] {thomcbell} looking for one more shakeout on tyc
[10:37] {thomcbell} long setup tyc 55.35 break if holding 55.25
[10:38] {rambler} L THLD .69
[10:40] {Les} bullish div. in 3 min charts. maybe another bounce here
[10:40] {dino} mos to .90
[10:40] {dino} to .99
[10:41] {nemo} should get .30 area
[10:41] {dino} out mos .00, +.40
[10:41] {rambler} beauty
[10:41] {thomcbell} tyc 1:1
[10:42] {dino} ty
[10:43] {dino} big drop
[10:47] {cipher} +.15 big thx dino
[10:48] {dino} gj
[10:52] {thomcbell} tyc stop to 55.45
[10:53] {Les} TNA 61
[10:55] {nemo} scalp against the trend Les
[10:55] {Les} gotcha
[10:56] {nemo} cover a little here
[10:56] {Les} paper trading day dude
[10:56] {nemo} oh
[10:56] {nemo} cover a little on paper
[10:56] {Les} working on TNA entries and exits
[10:56] {Les} yeh its done
[11:00] {Threei} switching to long on pullbacks
[11:00] {Threei} CAT near .10 will be interesting
[11:00] {dino} wtw drop
[11:02] {Threei} yeah right CAT says
[11:05] {dino} pia but out wprt .70, +.50
[11:05] {rambler} out THLD -.34
[11:06] {dino} wtw sm l .51 stop lod
[11:06] {rambler} dang
[11:06] {Threei} Short Setup: CAT .40 break
[11:06] {Threei} hl
[11:07] {Threei} .55 stop
[11:08] {cipher} wtw l.46
[11:09] {ese} outta here L ree..........cya tomorrow
[11:09] {Les} ciao
[11:09] {Threei} take care ese
[11:09] {dino} cya
[11:11] {Threei} 1:1
[11:11] {_sciborg} argg..I missed it
[11:11] {Threei} out and looking to reverse
[11:11] {Threei} ugh... it gave second chance
[11:11] {dino} wtw stop .29, -.22
[11:12] {Threei} Long Setup: CAT .10 bresk
[11:12] {Threei} if holding 104
[11:13] {Threei} right where I wanted it earlier
[11:13] {cipher} wtw stop .21 -.25
[11:13] {Threei} whether it works or not, this is a trade to be taken
[11:14] {Threei} target 1:2
[11:14] {Threei} maybe more
[11:14] {Threei} 1:1
[11:14] {Threei} let�s do three partials
[11:14] {Threei} 1:2
[11:14] {Threei} stop to .19 for the last [eice
[11:15] {Threei} 1:3, over and out
[11:15] {Threei} like a fiddle
[11:15] {_sciborg} Nice :)
06[11:15] * Threei takes a bow
[11:16] {rambler} beauty trade V
[11:16] {Threei} ty
[11:20] {thomcbell} damn tyc too tight a stop i suppose
[11:24] {dino} big sm l .48
[11:27] {cipher} mako l .64
[11:28] {dino} looking at that
[11:29] {Threei} graphic help: http://goo.gl/2WwKs
[11:30] {cipher} out mako -.01
[11:42] {thomcbell} long setup emc 29.10 break if holding 29
[11:42] {dino} thinny, sm l lnn.00
[11:42] {cipher} mako l .51
[11:46] {dino} mos sm l .45 stop .29
[11:46] {dino} nice mako cipher
[11:47] {cipher} yah lokks like short squeeze was coming
[11:48] {cipher} out mako .88 +.37
[11:53] {dino} mos stop -.16
[11:55] {dino} wprt sm l .10
[11:58] {dino} mos rinsed
[12:11] {dino} big to .78
[12:11] {dino} to .88
[12:12] {rambler} out at .81 thx dino
[12:12] {dino} to .95
[12:15] {dino} to .00
[12:15] {dino} gj rambler
[12:15] {dino} out .00, +.52
[12:15] {cipher} +.19 wprt thx dino
[12:18] {dino} out wprt .40, +.30
[12:18] {dino} gj cipher
[12:18] {dino} taking a break
[12:30] {dino} .
[12:32] {Les} never seen TNA move so slowly
[12:35] {nemo} lvs short here?
[12:37] {nemo} hey les, it's moving almost as slowly as your mind
[12:38] {Les} took you that long to come up with that?
[12:38] {Les} maybe you should stick to trading too
[12:38] {nemo} no, I just read it when I typed my LVS comment
[12:41] {dptl} good afternoon all
[12:41] {nemo} Mr. tl
[12:42] {Les} take it long nemo?
[12:42] {nemo} no
[12:43] {Threei} hey dp
[12:51] {thomcbell} emc my lord 1:1
[12:51] {thomcbell} please take profits
[12:51] {thomcbell} bored to tears
[12:54] {_sciborg} lol..I got it..Thx thom :)
[12:58] {dino} met l .74
[12:58] {dino} panl sm l .50
[13:05] {Threei} 10:19] {Les} yeh like everyone is out at the pub
[13:05] {Threei} [10:20] {Threei} oh, that where dp is today!
[13:05] {Threei} [10:21] {Threei} and andj
[13:06] {Threei} fess up you two
[13:06] {dptl} lol
[13:07] {Threei} look what play you missed
[13:07] {Threei} http://goo.gl/o3PZS
[13:07] {Threei} and that�s just one of many
[13:08] {dptl} nice.....
[13:40] {dptl} .
[13:41] {nemo} {----
[13:46] {dino} lnn to .45
[13:47] {nemo} is the wombat poker here, or is he off playing around in his pajamas?
[13:47] {Les} .
[13:47] {nemo} drinking?
[13:47] {Les} nah. bored outta me brain though
[13:48] {nemo} GS
[13:48] {nemo} might be short herer
[13:48] {nemo} pubic hair tight stop
[13:49] {dino} lnn to .53
[13:52] {dino} lnn to .69, expect slip
[13:57] {dino} to .75
[13:57] {nemo} Helen Keller stock Dino?
[13:58] {dino} ?
[13:59] {nemo} I can barely see where it's trading
[13:59] {dino} ahhh, but it's been good to me, in at .00
[13:59] {nemo} very good
[14:00] {dino} coo spike
[14:00] {dino} kior spike
[14:01] {Threei} (GR) Germany Fin Min Schaeuble: To discuss EU firewall as part of tomorrow's eco fin meeting; To build �800B firewall which should be convincing for markets (we'll see, good luck with that)
[14:01] {Threei} - EMU leaders must rebuild confidence (you don't say)
[14:01] {Threei} - Spread between Bunds and Greece debt is currently 'unreasonable' (nothing is reasonable about whole thing)
[14:01] {Threei} - Reiterates Germany will not accept the idea of Eurobonds and for the ECB to be a lender of last resort (oh good, so therer is a limit to insanity)
[14:01] {Threei} - Spain needs to reform its labor markets. (again, good luck)
[14:01] {Threei} - PM Monti succeeding in tackling Italy's problems. (I want what you are smoking, obviously good stuff)
[14:01] {Threei} - Debt levels need to be reduced in a 'growth friendly way' (eeck... no comment)
[14:02] {Threei} my favorite comment of the day:
[14:02] {Threei} (DK) Denmark Econ Min: Euro helped avoid currency crisis
[14:02] {Les} stupid idiot
[14:02] {Threei} I don�t know where to begin, lol
[14:03] {Threei} maybe there wouldn�t be currency crisis if not for Euro?
[14:03] {dino} out lnn major slip, ave .61, +.61
[14:04] {rambler} watching TXN short break 33
[14:05] {rambler} you likey Vad..?
[14:06] {Threei} chart configuration is right but it�s so narrow...
[14:07] {Threei} just not sure there is enough amplitude for profit
[14:07] {Threei} feels like a lot of struggle for each cent
[14:09] {dino} sina sm l .10 stop .99
[14:16] {dino} 07 green, giddy-up
[14:16] {nemo} what's "07 green"?
[14:17] {dino} my one scanner, moves in multiples of .07
[14:17] {Les} there's an echo in this room
[14:17] {dino} anything that hits it (and rotates 25) is moving in 7 cent increments
[14:26] {Les} CAT short top of the range here?
[14:27] {Threei} it�s a guesswork
[14:27] {Les} yeh
[14:27] {dino} gut says up
[14:27] {Threei} why not a break?
[14:27] {nemo} iwm spy at WPPs
[14:28] {Les} should have asked about 5 min. from now. waiting to see 3 min strengthen or weaken
[14:28] {Les} crap
[14:29] {dino} sina to .29, met to flat
[14:30] {nemo} wouldn't do sina that tight dino
[14:30] {nemo} got a chance to go to .60, what u using 20 sma on the 1?
[14:31] {dino} out sina +.19
[14:31] {dino} i understand, but greedy mode
[14:32] {dino} stingy better word
[14:32] {nemo} works for me
[14:32] {nemo} money grubbing
[14:32] {dino} ok
[14:32] {dino} or the old $75 theory
[14:33] {dino} stop met +.01
[14:34] {dino} panl to flat
[14:38] {dino} sxci spike
[14:38] {dino} sm s .04
[14:41] {nemo} vvus
[14:41] {dino} vvus spike
[14:41] {nemo} slow dino
[14:42] {nemo} wtf
[14:42] {dino} ?
[14:42] {nemo} vvus
[14:44] {dino} news?
[14:45] {Threei} VVUS Ticks higher ahead of impending FDA advisory panel decision
[14:45] {dino} ty
[14:46] {dino} sxci bstop to .00
[14:49] {dino} i froze that thing
[14:50] {nemo} nice job dino
[14:52] {dino} to .77
[14:52] {dino} \thx nemo
[14:52] {dino} out panl .64, +.14
[14:54] {dino} to .74
[14:54] {nemo} COG going out of business
[14:57] {dino} never
[14:57] {Les} SLW rolling over
[14:57] {dino} to .68
[14:58] {dino} cov sxci slip, ave .72, +.32
[15:05] {dino} sxci spikes again
[15:12] {dino} heck of a spike
[15:15] {Threei} no news for this run
[15:17] {dino} bummer i unloaded everything
[15:18] {dino} dji green
[15:22] {Threei} Long Setup: TZA .60 break
[15:22] {Threei} stop .54
[15:22] {dino} epam spike
[15:26] {Les} made a vad type reversal play on LVS. 2 attempts at 30 failed .24 short cover .15 all on paper of course.
[15:27] {Les} mixed well setups from vad, myself and dino today. trying it out on paper
[15:27] {Les} c u's tomorrow
[15:27] {dino} somebody knows something on vvus
[15:27] {Threei} take care les
[15:27] {dino} gj and gn les
[15:27] {nemo} or the lemmings think as much
[15:27] {Threei} or speculates and will get lucky or very hurt... :)
[15:28] {dino} not touching it, pretty much done for day. don't want to f up a decent one
[15:30] {Beau} vad, partial 75?
[15:32] {Threei} .75? that would be 1:3
[15:32] {Threei} if it gets there, dump it all, IMO :)
[15:32] {Beau} sorry, looking wrong chat. my bad
[15:36] {Threei} ouch
[15:36] {Threei} VVUS
[15:36] {Threei} VVUS FDA votes to suggest that obesity drugs need to be studied for risks to the heart; Vote was 17-6
[15:37] {Threei} TZA no go
[15:38] {Threei} 15:27] {Threei} or speculates and will get lucky or very hurt...
[15:38] {Threei} �very hurt� part takeds place
[15:39] {Threei} there are always those who think they can figure it out from the commonly known information
[15:39] {Threei} you can see them all over message boards, arguing what is going to happen
[15:39] {Threei} it�s they and their followers that buy in advance because they figured out earnings, FDA approvals etc etc
[15:40] {nemo} vvus needs an exorcisst
[15:40] {nemo} exorcist
[15:53] {dino} wow
[15:54] {Threei} OK guys, thank you all
[15:54] {Threei} have a great evening
[15:54] {Threei} we will get them again tomorrow
[15:55] {Threei} unless they get us first
[15:55] {dptl} good nite all
[15:56] {dino} gn all, thx for ideas
[15:56] {rambler} thx all, cu in the a.m.
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