Friday, January 25, 2013

Jan 25 2013

Not very active but very nicely very profitable very day. Just one 6 cents stop and a few juicy wins. Good way to finish good week.


Session Time: Fri Jan 25 00:00:00 2013
[08:42] {scottie} Hi everyone, will be off today, see you all monday :)
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
06[09:08] * nemo puke
01[09:08] {Threei}  beno... norovirus?
01[09:08] {Threei}  nemo
[09:09] {nemo} no, these frickin' niceties
01[09:10] {Threei}  notice how professionals closed the market yesterday
[09:13] {nemo} cat probably long off the open
01[09:14] {Threei}  Caterpillar Inc Reports Dec Dealer statistics; retail sales of machines -1%; power systems retail -2%
01[09:15] {Threei}  interesting breakdown:
01[09:15] {Threei}  - Retail Sales of Machines: Asia/Pacific DOWN 7% EAME* UP 4% Latin America UP 14% ROW** UP 2% North America DOWN 6% World DOWN 1%
01[09:15] {Threei}  - Power systems retail: Electric Power UP 4% Industrial DOWN 20% Transportation DOWN 11% Petroleum UP 3% Total DOWN 2%
[09:15] {cipher} gm
01[09:17] {Threei}  cipher :)
01[09:17] {Threei}  I wouldn;t try to catch CAT right out of the gate
[09:19] {nemo} every solid company is getting bought up after reports, so I'd look for it to climb
01[09:20] {Threei}  sure
[09:22] {nemo} well, Doug Kass just published why CAT shares are vulnerable today
01[09:23] {Threei}  don't youi hate these vague slippery expressions
01[09:23] {Threei}  "vulnerable"
[09:23] {nemo} he's showing his sensitive side
01[09:24] {Threei}  was AAPL at 700 vulnerable?
01[09:24] {Threei}  I haven't seen anyone applying such definition to it
[09:24] {nemo} different animal
01[09:24] {Threei}  yet it dropped like a rock
[09:25] {nemo} well, kinda' went up like a shooting star too
01[09:25] {Threei}  yes, so it was what, "invincible" back then?
01[09:25] {Threei}  inbreakable?
[09:25] {nemo} interesting....the term "meteoric rise"  it's actually incorrect.  Meteors fall
01[09:25] {Threei}  i=u
[09:26] {nemo} damn...out of rum
01[09:27] {Threei}  I'd guess the term ferers to meteors in terms of speed, not direction
[09:27] {nemo} why would you use the term "rise"?
01[09:29] {Threei}  to indicate the direction? :)
06[09:29] * nemo faints
[09:29] {nemo} ooops, what I just buy
[09:29] {nemo} sbux, oy
01[09:29] {Threei}  with your forehead?
[09:30] {nemo} hit wrong keys again.  I'm going back to the frickin' mouse
01[09:30] {Threei}  I always prefered it
[09:30] {jdetente} gm all
01[09:30] {Threei}  jd :)
[09:32] {nemo} l gmcr .88
[09:32] {nemo} chec .00
[09:32] {nemo} too late
01[09:32] {Threei} Long Setup:  FB  .35 break
01[09:32] {Threei}  If holds  .25
[09:33] {nemo} looking for gmcr to hold 45  here might be worth a buy if it does
[09:33] {nemo} bought it of sbux action
[09:34] {dptl} gm
01[09:34] {Threei}  dp
01[09:34] {Threei}  lol, just prepeard alert on CAT short .90
01[09:35] {Threei}  it teleported to under .70 in a blink of eye
[09:36] {nemo} stop is to .10
01[09:36] {Threei} Short Setup: LVS  .80 break
01[09:36] {Threei}  If holds  .90
01[09:37] {Threei}  hl
[09:37] {thomcbell} looking for a long setup in dow
01[09:39] {Threei} Long Setup:  FB  .30 break
01[09:40] {Threei}  stop .24
01[09:41] {Threei}  Invalidated  LVS
01[09:41] {Threei}  half out FB
[09:42] {dptl} chk long?
01[09:42] {Threei}  offer 1/4 more around .45
01[09:42] {Threei}  and let's see if we get break of .50 and spike
01[09:45] {Threei} Short Setup: SLW  .85 break
01[09:45] {Threei}  If holds  .95
01[09:49] {Threei}  rug pull from under SPY
01[09:50] {Threei}  out FB on a trail
01[09:50] {Threei}  SLW 1:1
[09:50] {nemo} KLAC wwow
[09:51] {cc_8} Among companies with shares expected to actively trade in Friday’s session are Oshkosh Corp. (OSK), Hasbro Inc. (HAS) and Tempur-Pedic International Inc. (TPX).
[09:52] {nemo} bummer bidding .58 for KLAC
[09:52] {dino} hl l elli .30
01[09:52] {Threei}  1:2
01[09:53] {Threei}  out in full
[09:53] {jdetente} I don't care what nemo says about you Vad. You're a good guy...
[09:53] {jdetente} great trade!
01[09:53] {Threei}  ah thank you
01[09:53] {Threei}  nemo is just, you know...
01[09:54] {Threei}  insensitive
01[09:54] {Threei}  not in touch with his bunny's feminine side
[09:54] {jdetente} haha!
[09:55] {cipher} ctrp l .95
[09:55] {nemo} bunny is a girl so it's all feminine...except when she's taking a chunk out of me
01[09:55] {Threei}  give her carrot instead
[09:55] {jdetente} sounds like that Monty Python scene in Holy Grail
[09:55] {nemo} she's not much on carrots...hay, treats, apples, tortilla chips
01[09:55] {Threei}  ok, we are dangerously close to locker room humor :)
[09:56] {nemo} yeah...she's got teeth for sure
[09:56] {dino} tex hl s .28 ave
[09:56] {nemo} huh?  not even
[09:56] {nemo} KLAC might be worth a buy here
[09:56] {nemo} tight stop, but I figure they'll want to swap .50 just to shake the loose hands
[09:57] {nemo} lot of action .60 area
01[09:58] {Threei} Short Setup: OSK  .50 break sm sh
01[09:58] {Threei}  If holds  .65
01[10:00] {Threei}  *(US) DEC NEW HOME SALES: 369K V 385KE
[10:01] {dptl} jcp .30 long?
01[10:01] {Threei}  but - Prior revised higher from 377K to 398K
01[10:01] {Threei}  to me, it's a draw
01[10:01] {Threei}  no
01[10:01] {Threei}  OSK his 1:1, if anyone got it
01[10:01] {Threei}  hit
[10:02] {dino} tex stop .36, -.08
[10:03] {dino} tex rinsed
[10:03] {dptl} ne .80 ?
[10:04] {cipher} out ctrp .99 +.04
01[10:04] {Threei}  ?
[10:06] {dptl} out ne +.14
01[10:07] {Threei}  NFLX, sheesh
01[10:07] {Threei} Long Setup:  LVS  .90 break
01[10:07] {Threei}  If holds  .80
01[10:09] {Threei}  keeping an eye on CAT
01[10:09] {Threei}  still not ready but getting closer
[10:10] {cipher} ctrp l .66
01[10:10] {Threei}  poll is out characterising Obama as the most polarizing president in history
01[10:10] {Threei}  duh
[10:10] {dino} joy hl l .80
[10:10] {jdetente} wait a minute. I thought he was going to unite the country?!?!
01[10:11] {Threei}  doing a good job at that
[10:11] {jdetente} I feel duped :(
[10:11] {cipher} out ctrp .82 +.16
01[10:11] {Threei}  well, in this sense he is uniting
[10:11] {jdetente} haha
01[10:11] {Threei}  most everyone is duped
[10:11] {nemo} I miss Uncle Joe
[10:12] {dptl} tbt .50 long?
[10:12] {jdetente} Here's a great uncle joe clip. http://www.youtube.com/watch?v=NmRXH7RkCZQ
[10:12] {nemo} weird tlt going down with everything else
[10:13] {cipher} NFLX L .70
[10:13] {cipher} out .90
01[10:13] {Threei}  RBT, if manages to stay above .50, yes
01[10:13] {Threei}  TBT
[10:14] {dptl} above .40 you mean?
[10:14] {nemo} rough ride,huh cipher
[10:14] {cipher} omg nflx
01[10:15] {Threei}  yes
[10:15] {nemo} yeah, she's got a ways to go, look at the daily going back to the highs
[10:15] {nemo} 168 today me hinks
[10:15] {nemo} thinks
01[10:15] {Threei}  CAT started raising its head
01[10:16] {Threei}  want pullback now for entry
[10:18] {nemo} 178 area possible before meaningful pullback in NFLX
[10:18] {thomcbell} short setup qcom 64.24 break if holding 64..35
[10:18] {thomcbell} typed it a bit late
[10:20] {cipher} FIVE L .96
[10:23] {dptl} fslr .90 long?
01[10:24] {Threei}  yes
[10:25] {cipher} out five .90 -.05
01[10:25] {Threei}  grrr CAT
01[10:25] {Threei}  come back to pick us up
[10:27] {goryl} fslr still valid?
[10:28] {goryl} nope:)
01[10:28] {Threei}  :)
[10:29] {thomcbell} qcom 1:1
[10:29] {thomcbell} stop to 64.20
[10:30] {thomcbell} qcom flat here 64.06
[10:37] {thomcbell} darn qcom
[10:40] {nemo} things feel weaker today
[10:41] {jdetente} yeah look at VXX/ IVXY
[10:41] {jdetente} UVXY
[10:42] {nemo} yeah vx on steroids
[10:47] {thomcbell} slw was a great one today Vad
01[10:48] {Threei}  ty
01[10:48] {Threei} Long Setup:  CAT  .50 break
01[10:48] {Threei}  If holds  .40
[10:49] {dptl} two sided?
[10:50] {nemo} yeah, Vad's like that
[10:50] {nemo} did I say I was out of rum?
01[10:50] {Threei}  lol
01[10:50] {Threei}  no dp
01[10:51] {Threei}  long or bust
[10:51] {dptl} ok
01[10:51] {Threei}  if loses .40, just hunting for another entry
[10:53] {dino} joy hl l .25
[10:54] {dptl} wlp .10 short?
01[10:56] {Threei}  hl
01[10:57] {Threei} Long Setup:  CAT  .40 break
01[10:58] {Threei}  If holds  .30
01[10:58] {Threei}  target 1:4
01[10:58] {Threei}  maybe more, let's decide if/when we get there
01[11:03] {Threei}  held stop with precision worthy of a special precision award
01[11:03] {Threei}  1:1
[11:08] {dptl} nem .20 long?
01[11:09] {Threei}  yes
[11:15] {jdetente} don't rinse us CAT
[11:15] {thomcbell} lvs 52.46 break if hlding 52.36
[11:15] {thomcbell} target 1:2
[11:16] {goryl} vad, r u in NEM?
01[11:16] {Threei}  yes
[11:19] {thomcbell} stopped lvs
01[11:19] {Threei}  jd, CAT balance has been stopped on a trail under .40
[11:20] {jdetente} I stopped it out as well
01[11:21] {Threei}  OK good... wasn't sure from your comment whether you play them by the book
01[11:22] {Threei}  wow
01[11:23] {Threei}  CAT demonstrates why you stay disciplined no matter what
[11:23] {jdetente} wowzas
01[11:23] {Threei}  (US) US Federal appeals court rules President Obama's prior recess appoints to the National Labor Relations Board were unconstitutional - press- Court found that the Senate was technically in session and that the argument that Senate was on vacation and could not confirm the appointment was wrong. - Reminder: The appointment of Richard Cordray as Chief of the Consumer protection bureau (CFPB) was widely contested in 2012, with the DOJ issuing an opinion that the appointment was constitutional
[11:28] {dptl} took some out .26 nem and got out flat now
[11:30] {dptl} yum .10 long?
[11:30] {goryl} vad, what's ur stop on nem?
01[11:33] {Threei}  1:1
01[11:33] {Threei}  original stop was standard, .10
01[11:34] {Threei}  dp, what kind of trading is this...
01[11:34] {Threei}  YUM, I'd rather short it at 64 break
01[11:34] {Threei}  long is possible but a bit less odds of working
[11:35] {dptl} well it almost riched 1:1 went to .29...i punched but got .26...and then got stopped on balance
01[11:35] {Threei}  market order?
[11:35] {dptl} no
[11:36] {dptl} just was fast
[11:37] {nemo} yum under 64 could be interesting
[11:37] {nemo} clf interesting here
[11:40] {nemo} read 2nd to last paragraph:  http://www.yardbarker.com/nfl/articles/msn/darnell_dockett_i_would_have_gotten_katherine_webb_if_i_really_wanted_her_but_i_like_hood_chicks/12743086
[11:40] {nemo} short clf here could work well
[11:40] {nemo} stop to .00
[11:40] {nemo} 34.30 target
[11:42] {dptl} ye clf short .90
[11:43] {nemo} in .94
[11:43] {jdetente} stay classy Darnell Dockett
[11:50] {dptl} die clf
[11:59] {jdetente} there you go CLF
[12:00] {nemo} keep stop tight or very loose going in to HFT play time
[12:00] {nemo} aapl headed into gap zone
[12:21] {dino} cstr spike
[12:22] {dptl} got to go..have a good weekend all see ya monday
01[12:23] {Threei}  take care dp
[12:26] {thomcbell} lvs Vad - almost did it again at 52.32 break but .....
[12:26] {thomcbell} exploded
01[12:27] {Threei}  yeah
01[12:44] {Threei}  lol
01[12:44] {Threei}  look what i typed a few seconds ago
01[12:44] {Threei} Long Setup:  HLF  .50 break sm sh
01[12:44] {Threei}  it's back to entry
01[12:44] {Threei}  so valid again
01[12:44] {Threei}  If holds  .40
01[12:45] {Threei}  and 1:2 while I type
01[12:46] {Threei}  anyone got it?
[12:46] {cipher} y
[12:46] {cipher} thx
01[12:46] {Threei}  :)
[12:47] {nemo} wow
[12:47] {nemo} holy shit
[12:47] {cipher} nice call
[12:47] {nemo} better get the sling out vad, your shoulder must be hurting by now
01[12:48] {Threei}  hmmm
01[12:48] {Threei}  no, not yet
01[12:49] {Threei}  so, here is what happened
01[12:49] {Threei}  HLF Icahn: HLF could be the "mother of all short squeezes" - CNBC
01[12:49] {Threei}  luck :)
[12:49] {nemo} gotta' love it
01[12:50] {Threei}  I however chose to think I am THAT good
01[12:50] {Threei}  oww... now that shoulder is dislocated
[12:56] {nemo} why, did you scalp it instead of ride it?
01[12:57] {Threei}  because of all the self-back-patting
[13:15] {nemo} patting yourself?  TMI
01[13:15] {Threei}  sigh
[13:15] {jdetente} and now we're in locker room humor territory
[13:15] {nemo} what's this "we" stuff?
[13:16] {jdetente} ahem. I mean nemo...
[13:16] {jdetente} and nemo only
[13:16] {nemo} where does this guy live Vad?
[13:16] {jdetente} undisclosed bunker
01[13:16] {Threei}  sorry, but he asked first
01[13:17] {Threei}  and I sent him your address
[13:17] {nemo} I'm a tunnel rat by nature
01[13:17] {Threei}  with barricades and guns mapped out
[13:17] {nemo} np...338 lapua
[13:17] {jdetente} *gulp
[13:17] {jdetente} uh oh
[13:17] {nemo} couldn't believe it, we got one in last week
[13:18] {nemo} I'll end up buying it, we'll never sell it
[13:18] {nemo} frickin' rounds are $5 a piece almost
[13:18] {thomcbell} long setup POT - 43.56 break if holding 43.48
[13:19] {thomcbell} it looks extended intraday but - the pattern is very nice on the 1 minute and of course the daily and weekly look good
[13:24] {thomcbell} 43.55 break rather on POT
[13:30] {nemo} nflx new highs, sheesh, mapybe it'll go for 178 today
[13:30] {nemo} geez
[13:32] {jdetente} shorts are getting squeezed that's for sure
01[13:44] {Threei}  Apple Inc Tech blogs discuss rumors about upcoming Apple mobile device refresh- One report suggests iPad 5 to launch in Oct with a new form factor, smaller than earlier iPads, as well as thinner and lighter. Its rumored to have rounder edges like the iPad mini. - Another mentions continuing rumors of Apple working on a cheaper but still fully functional iPhone for emerging markets. The report suggests the cheaper phone will have a plastic shell, rather than metallic
[13:50] {thomcbell} pot 1:1
[13:59] {thomcbell} pot 1:2
[14:01] {dino} gj
[14:02] {will49} Aloha...just checking in
[14:03] {dino} hey will
[14:03] {will49} Hi dino
[14:04] {will49} bye dino...off to the beach
[14:05] {thomcbell} taking last quarter off here on pot
[14:20] {dino} nice one tbell
01[14:36] {Threei} Long Setup:  LVS  .85 break
01[14:36] {Threei}  If holds  .80
01[14:40] {Threei}  meh
01[14:49] {Threei} Long Setup:  CAT  95 break
[14:56] {thomcbell} im calling it quits for the day - good week guys thanks for the ideas
01[14:56] {Threei}  have a good weekend tbell
[14:56] {thomcbell} good weekend all
01[15:03] {Threei}  1:1
[15:07] {jdetente} +.12 CAT ty!
01[15:07] {Threei}  :)
01[15:13] {Threei}  1:2, out
01[15:27] {Threei}  too soon eh?
[15:31] {jdetente} CAT...gotta love it
[15:43] {jdetente} Good trading today. Everyone have a good weekend!
01[15:43] {Threei}  you too jd
[15:55] {dino} gn all
01[15:55] {Threei}  thank you all
01[15:55] {Threei}  have a great weekend
01[15:55] {Threei}  see you Monday