Session Time: Wed Jan 09 00:00:00 2013
[08:59] {goryl} gm
01[09:03] {Threei} morning goryl
[09:04] {thomcbell} FBVaddy
01[09:04] {Threei} hmmm... never heard of that stock
01[09:05] {Threei} is it FBI spinoff?
[09:12] {scottie} good morning
01[09:13] {Threei} scottie :)
[09:15] {cc_8} MARKET SNAP: At 6:00 a.m. ET, S&P 500 futures up 0.1%. Treasury yields higher. Nymex crude up $0.09 at $93.24; gold up 0.2% at $1,662.72. In Europe, FTSE 100 up 0.3%, DAX up 0.1% and CAC 40 up 0.2%. In Asia, Nikkei 225 up 0.7% and Hang Seng up 0.5%.
[09:15] {cc_8} Overnight action: China set to reject HSBC’s Ping An sale; Armstrong to address scandal on Oprah; Sony sets sights on smartphone market.
[09:16] {cc_8} Watch for: MBA weekly mortgage applications survey (7:30 a.m. Eastern Time). EIA weekly petroleum status update (10:30). U.S. Treasury 10-year note auction (1:00). Constellation Brands, Helen of Troy and Ruby Tuesday are among companies reporting quarterly results.
[09:16] {cc_8} Daily Fact: On this day six years ago, Apple Inc.’s founder and visionary Steve Jobs first unveiled the iPhone.
01[09:17] {Threei} Armstrong to address scandal on Oprah {--- I'd say that's the most important piece of the day
[09:22] {cc_8} they must've mentioned it for a reason lol
01[09:22] {Threei} :)
[09:25] {cipher} gm
01[09:25] {Threei} cipher :)
[09:32] {dptl} good morning
01[09:32] {Threei} dp :)
01[09:33] {Threei} Facebook To hold press event on Jan 15th, 10AM PST; Only saying "Come and see what we're building" - financial press- Expected to be on the longer side with lunch being served
[09:34] {dino} bud drop
01[09:34] {Threei} Short Setup: C .75 break
01[09:35] {Threei} If holds .80
01[09:36] {Threei} Short Setup: SLW .30 break hl
01[09:37] {Threei} both invalidated
[09:37] {dino} bud hl l .60
01[09:37] {Threei} Long Setup: FCX .25 break hl
01[09:39] {Threei} wow FB
[09:40] {nemo} slw on the daily looks like 37 look for pullback long
[09:40] {goryl} fcx still valid?
01[09:40] {Threei} yes, held .15
[09:41] {goryl} k
01[09:41] {Threei} nemo, 37?
01[09:41] {Threei} or .37?
[09:41] {nemo} yeah 37, so I think it's likely going north today...won't get all of it for sure but, I think it'll go long
01[09:42] {Threei} I am lost
[09:42] {dptl} wlp .60 short?
01[09:42] {Threei} SLW 35.58
[09:42] {nemo} might set up a nice range here
01[09:42] {Threei} WLP, yes
01[09:42] {Threei} if consolidates closer
[09:43] {goryl} u taking wlp vad?
01[09:44] {Threei} only if it spends at least 2-3 min under .10 before breaking
01[09:44] {Threei} Invalidated FCX
[09:45] {ese} just popping in to say a quick hello
[09:46] {dptl} len .30 short?
01[09:46] {Threei} hey ese
[09:46] {ese} am doing a clinic today up the island
[09:46] {scottie} ese
01[09:46] {Threei} clinic?
01[09:46] {Threei} asre you branching out in medical care?
[09:46] {nemo} drumming
[09:46] {ese} am still L clmt .27 from yesterday and am up .19..........free money am gonna let it ride for the day
01[09:47] {Threei} LEN, yes
01[09:47] {Threei} hl
[09:47] {ese} no.........teaching a couple of high schools how to run a program like i've got
[09:47] {dptl} .36 stop
[09:47] {goryl} u taking len vad?
01[09:47] {Threei} yes, hal lot
[09:47] {goryl} k
01[09:48] {Threei} OK, WLP
01[09:48] {Threei} valid
01[09:48] {Threei} and yes, stop .36 for LEN
[09:48] {ese} cc_8 got real busy yesterday and couldn't get to you..............probably will not happen today but will try to call tomorrow
[09:48] {goryl} hl on wlp?
[09:48] {cc_8} ok np
01[09:48] {Threei} oh yes
[09:48] {ese} have a bunch of questions for you
01[09:49] {Threei} this thing can be jumpy
[09:49] {cc_8} sure, im available anytime
[09:49] {cc_8} you can always dcc me too
[09:49] {cc_8} in case you want to multitask
[09:49] {ese} tks
[09:49] {cc_8} Among the companies with shares expected to trade actively in Wednesday’s session are Clearwire Corp. (CLWR), Apollo Group Inc. (APOL) and Seagate Technology Inc. (STX).
[09:49] {thomcbell} lvs looking for a short setup for a trade
01[09:49] {Threei} for ese multitasking means hitting 16 drums at the same time
[09:49] {ese} cya all
01[09:49] {Threei} drive safe ese
[09:50] {ese} i can do that.............VERY easily
[09:50] {thomcbell} 53 break if holding 53.14
01[09:50] {Threei} M{alahat is treacherous right now
[09:50] {ese} tks cya vad
01[09:50] {Threei} WLP invalidated
01[09:50] {Threei} this is 4th setup invalidated this morning
01[09:50] {Threei} wow
01[09:51] {Threei} Short Setup: STT .60 break hl
01[09:52] {Threei} If holds .65
[09:52] {thomcbell} lvs invalidated
01[09:53] {Threei} word of the day so far
[09:55] {thomcbell} that C chart just doesnt quit on the daily
[09:56] {dino} mg
01[09:56] {Threei} lose that .25 finally, LEN
[09:57] {thomcbell} fb 29.91 break if holding 29.78 half lot due to proximity of big round number
[09:57] {thomcbell} massive round number in this case
[09:58] {dino} mg hl l .76
01[09:58] {Threei} no go
[09:58] {dptl} stoped len
01[09:59] {Threei} Long Setup: FB .90 break
01[09:59] {Threei} no go STT
[10:00] {thomcbell} mgm 13.15 break if holding 13.10 - aggressive
[10:00] {dptl} fb stop .79?
01[10:01] {Threei} yeah, standard
[10:02] {thomcbell} mgm invalid still watching it for a long entry
01[10:03] {Threei} what's with prints away from market
01[10:04] {Threei} on both sides
01[10:04] {Threei} .96 earlier, .78 now
[10:05] {dino} nus spike
[10:06] {dino} usna spike
01[10:11] {Threei} FB target 1:3
01[10:12] {Threei} maybe more but that we will decide if it gets over 1:2
[10:12] {dptl} trades wierd
[10:13] {thomcbell} i think 30 was a technical target for a lot of people
01[10:13] {Threei} you spend days in the same room with nemo, and you are not comfortable with wierd?
[10:14] {nemo} ?
[10:14] {nemo} eccentric
01[10:14] {Threei} oh... sorry
01[10:14] {Threei} this is very true tbell
[10:14] {thomcbell} it was mine for about the last month
01[10:14] {Threei} but seeling how stubbornly it trues to peck at it, I think it wants to break and run
[10:15] {thomcbell} it seems that way
01[10:15] {Threei} and with this vague promise of something eartshaking on Jan 15, dreamers start drooling again
[10:15] {thomcbell} mgm 13.10 break if holding 13.05
01[10:17] {Threei} btw nemo, thanks. Now I know why spellcheckers always went crazy when I typed "excsentrik"
[10:17] {thomcbell} lvs a thing of beauty today
01[10:17] {Threei} and one of them called me "stoopeed" and quit working
01[10:17] {Threei} Short Setup: SLW .10
[10:18] {thomcbell} i like the pattern vad - but i think these things are untradeable right now
01[10:19] {Threei} you talking FB or SLW?
[10:19] {thomcbell} slw
[10:19] {thomcbell} and gdx
01[10:20] {Threei} well, thing remains near the low while SPY makes new highs
01[10:20] {Threei} prime candidate for short when SPY pulls back or reverses
[10:20] {thomcbell} totally agree
[10:20] {thomcbell} gdx day low
01[10:20] {Threei} let's trail FB to .84
01[10:21] {Threei} being 2 cents away from 1:1, time to limit risk
[10:21] {goryl} slw short list
[10:21] {dptl} not available slw
01[10:21] {Threei} crrrap
01[10:21] {Threei} GDX was a good candidater at .35 too
[10:24] {dptl} clf .70 sh?
[10:24] {dptl} ahh late
[10:25] {thomcbell} mgm pattern now better than before on the i min
01[10:25] {Threei} GM CEO says Germany could be slipping into recession
01[10:33] {Threei} friking SLW 1:1
[10:34] {cipher} nul l .76
[10:34] {cipher} nus
01[10:35] {Threei} well... non-availability for shorting nothwistanding, look at SLW and GDX as proof of the concept
[10:35] {dptl} stopped fb
[10:36] {cipher} stopped nus -.16
[10:37] {dptl} vlo .25 long?
01[10:38] {Threei} no
[10:41] {thomcbell} mgm im out
01[10:42] {Threei} Short Setup: CAT .50 break hl
[10:53] {dino} gpor hl l .98
[10:53] {thomcbell} short setup qcom - 64.46 break if holding 64.58
[10:54] {cipher} call l .39
01[10:55] {Threei} oh come on FB
[10:55] {cipher} out .99 +.60
[10:55] {dptl} looks like rinsed fb
[10:56] {dino} bud stop -.30
[10:58] {cipher} call l .50
01[10:59] {Threei} FB 1:2... ^%%$@*&%
[11:00] {cipher} out call .88 +.38
[11:00] {dptl} stoped cat.....sheeeesh
01[11:05] {Threei} Long Setup: AIG .85 break
[11:06] {cipher} cern l .98
[11:09] {dptl} stop .74 or .79?
01[11:09] {Threei} .74
[11:10] {dptl} k
01[11:11] {Threei} amazingly, FB does exactly what I thought it would
01[11:11] {Threei} shouldn't have toghtened the stop... got impatient
01[11:12] {Threei} 1: frikin 3
[11:12] {cipher} out cern flat
[11:16] {cipher} lvnta l .60
[11:18] {dptl} gmcr .90 short?
[11:19] {cipher} out lvnta .85 +.25
01[11:19] {Threei} hl, yes
01[11:19] {Threei} wtf
01[11:20] {Threei} VP Biden: President Obama is determined to take action on gun control, may use executive orders
01[11:20] {Threei} to say things trade strange today is to understate it greatly
[11:20] {cipher} lvnta reload .75
01[11:21] {Threei} A recent WaPo article asserted that the administration is considering a broad range of measures to reduce gun violence that would include more than a ban of assault weapons and high-capacity ammunition, universal background checks for firearm buyers, tracking the movement and sale of weapons through a national database, strengthening mental health checks, and stiffening penalties for carrying guns near schools or giving them to minors.
01[11:22] {Threei} a lot of feel-good measures that won't solve anything
01[11:22] {Threei} penalties for carrying guns near schools?
01[11:23] {Threei} and ask Canada how " national database" works out
[11:23] {nemo} that's so stupid...people who are licensed are licensed for a reason...what, they think criminals are gonna' not carry where they want to
01[11:24] {Threei} intended cost 50 mil, factual 2 bil, effectiveness - zero
[11:25] {thomcbell} lvs still very orderly on this pullback
01[11:25] {Threei} let's keep AIG .79 now
01[11:25] {Threei} I'll better take another papercut than sit for a full stop
01[11:26] {Threei} out
[11:26] {dptl} out
01[11:26] {Threei} RGR and SWHC got hit by that news
[11:28] {dptl} btu .25 short?
01[11:29] {Threei} yes
01[11:32] {Threei} no
[11:32] {dino} bud hl l .50
[11:33] {dptl} mcp .70 short?
01[11:33] {Threei} yes
[11:33] {goryl} hl?
01[11:33] {Threei} no, full
01[11:34] {Threei} stop is .76
[11:34] {dino} gpor stop -.10
[11:34] {cipher} lvnta stopped .66 -.09
01[11:35] {Threei} Short Setup: FIO 19 break hl
01[11:35] {Threei} If holds .10
01[11:35] {Threei} heh
01[11:35] {Threei} good luck getting that fill
[11:35] {dptl} yeah
[11:36] {goryl} still valid?
[11:36] {goryl} never mind:)
01[11:36] {Threei} right :)
[11:37] {dptl} mcp may be good to .30...hopefuly :)
01[11:38] {Threei} Long Setup: FDX .65 break hl
01[11:39] {Threei} If holds .55
[11:39] {nemo} bid moving up
[11:39] {nemo} weird
01[11:40] {Threei} target 1:3
[11:40] {nemo} 97 should go
[11:40] {nemo} that frickin' edgx bid keeps mooving up..something not right about that
[11:41] {cipher} call l .11
01[11:41] {Threei} 1:1
[11:44] {cipher} out call .38 +.27
[11:44] {cipher} done for the day
[11:44] {cipher} cya
01[11:45] {Threei} gj
[11:45] {dino} usph gap fill, hl l .50
[11:49] {dptl} stoped mcp...well...what a day
01[11:49] {Threei} papercuts
[11:50] {dptl} 5 stops...i have fdx still little size will keep stop under .60 will let it trade and i think i am done for today
01[11:51] {Threei} all stops are half of usual size
01[11:51] {Threei} don't comp[lain, when bad day comes you want it to be like this
[11:52] {dptl} i guess so
01[11:54] {Threei} (EU) EU finance ministers are planning to make decision on financial transaction tax (Tobin Tax) at meeting on Feb 12th - financial press- 11 EU member states are said to be in favor of the tax.
01[11:54] {Threei} clowns have spoken
01[11:57] {Threei} my only regret of the day is that tightening of the stop on FB
[12:00] {dino} geoy spike
01[12:08] {Threei} Short Setup: UNG .50 break
01[12:08] {Threei} If holds .55
01[12:13] {Threei} start partialling FDX, dp
[12:14] {dptl} lol..i only have 200sh nothing really to partial i'll just trail it
[12:21] {dptl} qcom .75 long may be
[12:22] {dptl} nevermind
[12:23] {dptl} ok see ya tomorrow all
[12:24] {dino} cya
01[12:24] {Threei} take care
01[12:28] {Threei} snow in jearusalim
01[12:28] {Threei} global warming my ass
01[12:38] {Threei} half out UNG
01[12:38] {Threei} dp... get back here
[12:47] {Will49} test
01[12:48] {Threei} will :)
[12:48] {Will49} hi Vad
[12:48] {Will49} mibbit working fine now
01[12:48] {Threei} :)
01[13:04] {Threei} so... if UNG goes to 1:2, we found the root of a problem for today: it's dp
[13:04] {dino} tso hl l .08 stop .94
[13:14] {dino} wtf reverse slip tso stop .97, -.09
01[13:38] {Threei} Short Setup: HCN .40 break
[13:39] {nemo} does the market trade anymore
01[13:47] {Threei} Long Setup: CAT .40 break
01[13:48] {Threei} If holds .30
[13:55] {thomcbell} bac and
[13:55] {thomcbell} C
[13:55] {thomcbell} C just nasty
01[14:00] {Threei} yeah GS is nowhere this weak
01[14:00] {Threei} JPM though is
01[14:05] {Threei} CAT 1:1
01[14:24] {Threei} 12:2
01[14:24] {Threei} out
01[14:24] {Threei} I am telling you, it was dp
[14:24] {nemo} you awake Vad
01[14:24] {Threei} sure
[14:31] {dino} feels like every month brings less and less volume in afternoon
[14:35] {nemo} yeah...all this HFT volatility is making me sick
[14:35] {nemo} god we have to regulate it
01[14:37] {Threei} lol
01[14:37] {Threei} market is a bit stunned by all the developments, and sudden calm
01[14:38] {Threei} this is an eye of the hurricane though
01[14:39] {Threei} next big excitement will be this debt ceiling deal
[14:40] {nemo} or it's 2003-2005
01[14:59] {Threei} scratching HCN
01[14:59] {Threei} Short Setup: LVS .65 break
01[15:02] {Threei} 1:1
01[15:03] {Threei} 1:2
01[15:04] {Threei} let's not let dp in tomorrow
01[15:07] {Threei} covered at 1:3
01[15:14] {Threei} Short Setup: MET 36 break
01[15:15] {Threei} If holds .05
[15:15] {dino} out mg, all dayer, +.42
01[15:16] {Threei} nice
[15:16] {dino} thing sat for hours at my exit
[15:19] {dino} out bud -.21
[15:26] {dino} gotta hop. daughters basketball game. gn all
01[15:27] {Threei} take care dino
01[15:37] {Threei} (US) White House: Reiterates President Obama has no intention of using the 14th amendment to increase the debt limit; there is no alternative to Congress raising the debt ceiling- Neither the president nor his aides will negotiate about the debt ceiling
01[15:37] {Threei} huh?
01[15:37] {Threei} that'll ber interesting
01[15:39] {Threei} covering MET here
01[15:40] {Threei} this fixes the day
01[15:40] {Threei} thank you all, have a good evening, see you tomorrow
