Wednesday, January 30, 2013

Jan 30 2013

FOMC days are rarely easy but this one worked fine. Would have been even better if we hadn't closed last RIMM short prematurely. We've decide to be patienter tomorrow. And grammarer.

Session Time: Wed Jan 30 00:00:00 2013
[08:23] {cipher} gm
01[08:48] {Threei}  cipher :)
[08:52] {jdetente} Good morning!
01[08:53] {Threei}  jd :)
[09:00] {dino} gm
01[09:05] {Threei}  dino :)
[09:16] {ese} morning
01[09:16] {Threei}  ese :)
[09:16] {ese} D day for rimm............
01[09:16] {Threei}  yes...
[09:16] {_bbobr} gm
01[09:17] {Threei}  I have my suspicion about how it's going to go
01[09:17] {Threei}  bbobr :)
[09:17] {ese} i'd like to see it do well........being a canadian company and all
[09:17] {ese} bb
01[09:18] {Threei}  I'd like too, mostly because I don't like AAPL and iEverything
[09:18] {scottie} good morning
01[09:18] {Threei}  but I am afraid RIMM lost its way for real and forever
01[09:18] {Threei}  scottie :)
[09:18] {ese} ya.......i'm getting that way as well......even though i'm on apple
[09:19] {ese} scottie
[09:19] {scottie} ese
01[09:19] {Threei}  see? why are you not on BB, even though it's canadian company and all :)
[09:19] {ese} least it's not crooked like Nortel was.......
01[09:20] {Threei}  well... let's hope it's not
01[09:20] {Threei}  we might still find out later, lol
01[09:22] {Threei}  US economy shrinks 0.1% in 4th quarter, 1st time in 3-1/2 years
[09:22] {ese} hmmmmmmm
01[09:22] {Threei}  which takes us back to that debate...
01[09:22] {Threei}  here is my verdict:
01[09:23] {Threei}  the growth optimists pointed to was never there for one simple reason which is:
01[09:23] {Threei}  you can't BUY growth
01[09:23] {Threei}  and what was done by Fed and govt over these years was just that, attempt to buy it
01[09:24] {Threei}  you inject money - economy grows,
01[09:24] {Threei}  you stop injecting it - grows disappears,
01[09:24] {Threei}  and what you left with is...
01[09:24] {Threei}  your cue, ese
[09:24] {ese} lol
01[09:24] {Threei}  here, let me help:
01[09:24] {Threei}  DEBT
01[09:25] {Threei}  ever growing debt with no economy growth
01[09:25] {Threei}  private sector crowded out by goverment
01[09:25] {Threei}  interest payments that will explode when rates rise
01[09:26] {Threei}  and bond investors looking at all this hoopla with growing fear
01[09:26] {Threei}  which will trigger rates rise when finally materializes.
01[09:26] {Threei}  Tell me again how Fed action saved us
[09:30] {dptl} gm
01[09:30] {Threei}  dp :)
01[09:30] {Threei} Short Setup: FB  .90 break
01[09:30] {Threei}  If holds  31
01[09:32] {Threei}  meh
01[09:34] {Threei} Short Setup: FCX  .45 break
01[09:34] {Threei}  If holds  .55
[09:34] {ese} facebook stalking app..............wonder if that will sink the company........all his other stupid moves haven't maybe this one will
01[09:35] {Threei}  stalking ap?
[09:36] {cipher} cost l .56
[09:36] {cipher} out .69
01[09:36] {Threei}  FCX two-sided
[09:37] {ese} what in H is he thinking..............ya vad.......brand new facebook graph searches
[09:38] {ese} have a read vad:   Actual Facebook Graph Searches blog highlights creepy results by John Bowman Posted: January 23, 2013 2:19 PM Last Updated: January 23, 2013 2:29 PM Read 32 comments32 Categories: Community, Science & Technology
[09:38] {dino} f l .13
[09:39] {dino} e sm l .66
01[09:39] {Threei}  it's uselless crap, IMO... but stalking app? you can call any search tool that to the same degree
01[09:40] {Threei}  FCX 1 cent to 1:1
01[09:40] {Threei}  let's trail to .49
01[09:41] {Threei}  experiment, ese... google your name
01[09:41] {Threei}  see what comes up
[09:41] {ese} Facebook's informational page about the new service includes examples showing how Graph Search works. Instead of searching for words and phrases, Facebook Graph Search allows you to search your Facebook network using categories such as "Music my friends like" or "Photos before 1980."
01[09:41] {Threei}  1:1
01[09:41] {Threei}  half out
[09:42] {ese} You can also refine searches and link them together to find things like "Photos of my friends in New York," "Restaurants in London my friends have been to," or "People who like Cycling and are from my hometown."
[09:43] {ese} how bout this one:"all of my married co-workers who liked photos of women in bikinis"
[09:43] {cipher} FIRE L .26
[09:44] {ese} OR.......and you can let your imagination run after this:"people within five miles of X who have posted photos of toddlers"
[09:44] {cipher} out fire .58
[09:44] {ese} This article is avery interesting not on facebook and this just sealed it
01[09:44] {Threei}  you realize of course that all that is simply a tool for seeing what people themselves posted online?
01[09:45] {Threei}  you don't want it to be public - you don't post it
01[09:45] {Threei}  you posted it - you made it public
01[09:46] {Threei}  I am on FB, I post only things I don't mind to become visible
01[09:46] {Threei}  someone can search for thwm - I am glad, that's what I posted them for
01[09:47] {Threei}  there are people who bought my photos after seeing them on FB
01[09:47] {Threei}  ditto for trading courses
01[09:47] {Threei}  second half FCX stopped on a rail
01[09:47] {Threei}  trail
[09:47] {ese} for sure...........what stuns me is why most people want thenselves to be public like that...............what are they looking for?  I can't figure that part out.
01[09:48] {Threei}  sure, that's idiocy
01[09:48] {Threei}  but how is it a fault of search tool?
01[09:48] {Threei}  again, google your name
[09:48] {cipher} CTXS L .84
01[09:48] {Threei} Long Setup:  SLW  .30 break
[09:49] {cipher} out ctxs .09
[09:49] {thomcbell} lvs acts like garbage
01[09:49] {Threei}  If holds  .25
[09:50] {dino} prxl hl l .85
[09:50] {ese} being public is scary to be honest..........I run 2 programs that are very public here with a reputation and in the last 4 years......i'm getting people recognizing me all over the signed up with a new dentist yesterday........the dentist recognizes me from a show we did for her collegues last summer
[09:51] {cipher} tcbi l.40
[09:52] {ese} it takes you a back a now happening a couple of times a's a little unsettling to be honest
[09:52] {ese} actually...........i just say i know you vad to deflect all that attention to you
01[09:53] {Threei}  give them my FB page and tell them to buy my photos {GG}
01[09:53] {Threei}
[09:53] {ese}
[09:53] {ese} i've done that.........tried to put people onto your photos
01[09:53] {Threei}  LVS, watching for short into bounce
[09:54] {dino} prxl stop -.30
[09:54] {cipher} tcbi stopped .39 -.01
01[09:55] {Threei} Long Setup:  RIMM  .15 break
01[09:55] {Threei}  If holds  .10
[09:56] {thomcbell} what time is the rimm presentation Vad?
01[09:56] {Threei} Short Setup: LVS  .20 break
[09:56] {ese} come!!!!!! on!!!!!! swks..............still L there .38..........this is the last day i'm going to hold works or it doesn't
01[09:56] {Threei}  If holds  .25
01[09:57] {Threei}  10 EST start, tbell
[09:57] {cipher} veco l .01
01[09:57] {Threei}  RIMM 1:1
01[09:58] {Threei}  formally speaking it's 1:2, but... :)
[09:58] {dino} prxl rinsed
[09:58] {cipher} out veco .13
01[09:58] {Threei}  (CA) Canada PM Harper: tax rates must remain low in Canada
[09:58] {ese} good
01[09:58] {Threei}  don't you dare badmouth him, ese {G}
[09:58] {thomcbell} what were you seeing there on lvs vad ?
[09:59] {ese} lol
01[09:59] {Threei}  you love Obama, you move south
01[09:59] {Threei}  out RIMM in full
01[09:59] {Threei}  .36
[09:59] {thomcbell} excellent rimm vad
[09:59] {ese} no not going to jeopordize the shiskabob party
01[09:59] {Threei}  not too shabby for 6 cents risk
[10:00] {ese} thats barbecue suicide.............
01[10:00] {Threei}  just looking for reversal into sharp spike, tbell
[10:00] {cc_8} Among the companies with shares expected to actively trade in Wednesday’s session are Inc. (AMZN), Copano Energy LLC (CPNO) and Chesapeake Energy Corp. (CHK).
01[10:00] {Threei}  .20 is important level
[10:00] {ese} or drinking vodka with dp
01[10:01] {Threei}  probing above it and losing it is a short signal
[10:01] {ese} pure lunacy is what that would be
01[10:01] {Threei}  not very pronounced one but risk is small
01[10:03] {Threei}  wow, out too soon, RIMM
01[10:05] {Threei}  I even switched to CNBC to watch it
01[10:05] {Threei}  sholuld also be at
01[10:06] {Threei}  1:1 FCX
01[10:06] {Threei}  umm
01[10:06] {Threei}  LVS
[10:06] {scottie} fcx +.10 tks Vad
01[10:06] {Threei}  lol
01[10:06] {Threei}  KVS you mean
01[10:06] {Threei}  LVS
[10:07] {dptl} s..missed exit lvs
01[10:07] {Threei}  here it is again
[10:07] {scottie} lvs yes lol
01[10:07] {Threei}  :)
01[10:09] {Threei}  you ok now, dp?
[10:09] {thomcbell} fio squeezable
01[10:10] {Threei}  FIO: tbell, that's private...
[10:11] {dptl} out half ye ..ty
[10:11] {thomcbell} lol
[10:11] {thomcbell} i like it long - no def setup there per your method vad but im long looking for 20.40
01[10:13] {Threei}  I guess one can make case for 20 break
01[10:13] {Threei}  I personally will stay awasy but it's a valid setup
01[10:14] {Threei}  "awasy" is "away" said with strong russian accent and dead drunk
[10:17] {dptl} i am out lvs
[10:17] {jdetente} and not a second too soon
01[10:17] {Threei}  no kidding
[10:18] {jdetente} had a trailing at .18...whew
01[10:18] {Threei}  good thing to have a method and follow it with no second guessing
01[10:18] {Threei}  or that thing, umm, how do you csll it
01[10:18] {Threei}  "thinking"
[10:19] {thomcbell} yes - that being said FIO setup was INVALIDATED TOM
[10:21] {scottie} BP s .20 if holds .25 ?
01[10:22] {Threei}  looks right to me
01[10:22] {Threei}  SPY weakens
[10:24] {ese} L rimm .40
[10:26] {scottie} BP two-sided ?
01[10:27] {Threei}  I'd stay with short side if triggers and ignore long
[10:27] {scottie} tks
01[10:27] {Threei}  BB10 makes appearance
[10:28] {cipher} idcc l .05
[10:28] {ese} rimm stop is .12
01[10:28] {Threei}  RIMM changing corporate name to Blackberry
[10:28] {ese} this is the 5th time it's bumped up against .40 of these days Alice!
01[10:29] {Threei}  trading symbiol will be BBRY
[10:29] {cipher} vrtx .68
[10:29] {ese} interesting
01[10:29] {Threei}  Research in Motion Ltd CEO: Blackberry 10 (BB10) allow better multitasking, moving from app to app without hitting home button - BB10 launch presentation- Blackberry secure network will keep the user continually connected to their personal data. - BB10 is the "starting line, not the finish line." - CEO shows two phones models, including 1 with a visible keyboard
[10:29] {ese} am i gonaa be stopped
[10:30] {ese} yup
[10:30] {ese} .13
[10:30] {ese} what the heck is that all about
01[10:31] {Threei}  anti-climatic
[10:31] {cipher} out vrtx .89 +.21
[10:31] {ese} wow tankola
[10:32] {ese} didn't think a name change could be that devastating
[10:32] {ese} :D
[10:33] {dptl} cof long?
[10:33] {ese} or should that have been ;)
01[10:33] {Threei}  can't tell COF
01[10:33] {Threei}  it's not name change
01[10:34] {Threei}  it was widely expected and advertised event, there had to be a lot of people going long for that
01[10:34] {Threei}  now that it's here, why hold?
[10:34] {ese} for sure
01[10:34] {Threei}  they exit
[10:34] {ese} sell the news........
01[10:34] {Threei}  there is nothing revolutionary in presentation
[10:34] {ese} was just kidding about the name change
01[10:34] {Threei}  "it's beautiful" CEO says
[10:35] {cipher} out idcc .09 +.04
[10:35] {ese} what is........
01[10:35] {Threei}  yeah... so is iToaster, sASamsung, and Kate Upton
[10:36] {ese} like irealitytrader
01[10:42] {Threei}  that's brutal selling
[10:42] {jdetente} RIMM taking it in the shorts
[10:43] {dino} kmr hl l .20
01[10:45] {Threei}  BP would have been a trap on a long side, scottie
[10:46] {scottie} yes I see
[10:46] {dptl} btu .50 lomg?
01[10:48] {Threei}  ummm
01[10:48] {Threei}  yes
01[10:48] {Threei}  lol
[10:49] {dptl} five .70 long?
01[10:51] {Threei}  nah
[10:56] {scottie} X l .90 if holds .80 ?
01[10:58] {Threei}  hl
[10:59] {scottie} still valid you think ?
01[10:59] {Threei}  yup, just don't count on much
[10:59] {scottie} I'll leave it for now
[11:01] {dptl} btu looks like .40 short now?
01[11:01] {Threei}  pretty much, yes
[11:01] {jdetente} are you taking it Vad?
01[11:03] {Threei}  yes, but hl
01[11:03] {Threei}  it can get jumpy sometimes
01[11:06] {Threei} Long Setup:  CAT  .70 break
01[11:06] {Threei}  If holds  .60
[11:09] {dino} e to .99, slow one
06[11:13] * Threei kicks CAT in the rear
[11:13] {dino} out e .99, +.33
[11:14] {thomcbell} rimm actually acting ok at this point
01[11:15] {Threei}  well... that only confirms how low the bar is :)
[11:15] {dptl} swks .20 sh?
01[11:15] {Threei}  I mean, "not tanking" is OK :)
01[11:16] {Threei}  SWKS, yes but may have to take profit even less than 10 c
01[11:16] {Threei}  very narrow
[11:17] {dptl} i'll skip it
[11:17] {dino} srpt drop
[11:18] {scottie} stop .64 ?
01[11:18] {Threei}  I think so... would prefer to trail after breaking .75, but it takes so long that probably better trail it
01[11:19] {Threei}  we are in a pre-FOMC stretch now
[11:19] {dptl} what time?
01[11:21] {Threei}  2:15
[11:22] {dptl} ty...btu again?
01[11:23] {Threei}  dino, SPRT:
01[11:23] {Threei}  Sarepta Therapeutics Hearing volatility attributed to fake "Citron Research" tweet being circulated - Link to FAKE CITRON RESEARCH tweet
[11:24] {thomcbell} srpt
[11:29] {dino} mgam hl s .15 bstop hod
[11:31] {dptl} gmcr .10 long?
01[11:31] {Threei}  hl
01[11:32] {Threei}  hey... CAT may come to 1:1 this, yes THIS century
01[11:33] {Threei}  yesssss
[11:33] {scottie} +.08 tks Vad
01[11:33] {Threei}  yw
01[11:34] {Threei}  so far, nice day... started with stop, and worked fine ever since
01[11:34] {Threei}  but where is nemo?
[11:34] {dino} cov mgam .05, +.10
[11:34] {jdetente} good trading Vad
01[11:34] {Threei}  ty sir
[11:34] {jdetente} I always seem to get the losing FB trades though...I must be the cooler
01[11:34] {Threei}  we need to find nemo...
[11:34] {scottie} took only two trades, but won them both, can't complain :)
06[11:35] * Threei looks in aquarium
[11:36] {dptl} in gmcr
[11:39] {dptl} half out
[11:39] {dptl} .25
[11:41] {dptl} out
[11:43] {dptl} jcp .76 long?
01[11:44] {Threei}  not sure
01[11:58] {Threei}  arpt
01[11:58] {Threei}  sorry, wrong window
01[12:12] {Threei} Short Setup: RIMM  .50 break
01[12:13] {Threei}  If holds  .60
[12:17] {ese} am outta here supervising an exam......swks finally doing it's thing i'm +.12 there......ya don't wanna know how many shs....but iw will be out of it today
01[12:21] {Threei}  take care ese
[12:25] {dino} ntgr hl l .50
[12:25] {dptl} btu .20 short may be?
01[12:26] {Threei}  this is what, third attempot to find setup on it?
01[12:26] {Threei}  don't know, just leave it be
01[12:26] {Threei}  some stocks are easier to read than others
01[12:27] {Threei}  this is the other
[12:27] {dptl} ok
01[12:27] {Threei}  or as dino likes to quote, there are better worlds than this
[12:31] {dino} indeed
[12:37] {thomcbell} rimm actually looks like that was a long break 14.65
[12:37] {thomcbell} not touching it
[12:46] {dino} inap hl s .58
01[13:01] {Threei}  hey
[13:01] {jdetente} time to spike my coffee
01[13:01] {Threei}  GDP decline is conservatuives fault!
01[13:01] {Threei}  lookie here:
01[13:01] {Threei}  (US) White House Pres Sec Carney: More needs to be done on the economy, headwinds likely due to upcoming sequester program- Notes that uncertainty played a part in GDP decline
01[13:01] {Threei}  there... now we know
[13:03] {dptl} jcp .85 long?
01[13:03] {Threei}  good chart, bad time
01[13:03] {Threei}  don't know
01[13:03] {Threei}  btw, look at BTU
01[13:03] {Threei}  aren't you glad you backed away from that
[13:04] {dptl} just .05 c risk i think
[13:07] {dino} stop inap -.12
[13:09] {thomcbell} duh FIO
[13:14] {dptl} what about kss short? .70
[13:16] {dino} ntgr stop -.14
[13:19] {dino} kmr to .33
[13:21] {dino} out kmr +.13
01[13:38] {Threei}  ok, while we have to fight unbearable boredom, who hasn't looked at yet??
01[13:39] {Threei}  go look!
01[13:39] {Threei}  or trout is about to start swining
01[13:39] {Threei}  swinging too
01[13:39] {Threei}  frozen one
[13:39] {jdetente} those are some beautiful shots
01[13:39] {Threei}  ty
[13:40] {jdetente} I used to love doing photography back in the dark room days
[13:40] {jdetente} the ancient days that is
01[13:40] {Threei}  me too... but I learned to love digital as well :)
[13:55] {thomcbell} after the fed announcement - long setup splk 32.75 break if holding 32.65
[13:56] {thomcbell} they didnt want to wait on splk
01[13:59] {Threei}  let's wait for first two moves after announcement,
01[13:59] {Threei}  sharp spike, countermove, then only look for setups
01[14:17] {Threei}  Affirms will maintain purchases until labor market outlook improves substantially and inflation remains below 2.5%
[14:18] {dino} wow, thats the tamest market move ever on fed
01[14:20] {Threei}  probably everything is as expected
01[14:20] {Threei}  nothing changes
[14:20] {dino} these markets are dead in afternoon
01[14:21] {Threei}  - Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction
01[14:23] {Threei} Short Setup: CAT  .60 break
01[14:23] {Threei}  If holds  .70
01[14:29] {Threei}  meh
[14:29] {dptl} stopped cat
[14:30] {dino} endp spike/halt
[14:30] {dptl} what did you see in that cat trade Vad?
01[14:32] {Threei}  hmm?
01[14:32] {Threei}  quite standard breakdown
[14:32] {dptl} i see .65 yes...but .60 break?
[14:34] {dino} csii drop
[14:34] {dino} l .63
[14:34] {dino} endp open
01[14:35] {Threei}  ENDP in talks to sell the company
[14:37] {dptl} vrx Dino
[14:40] {scottie} X s .45 ?
01[14:41] {Threei}  two-sided I think
01[14:41] {Threei}  .45 short or .50 long
[14:41] {scottie} ok
[14:42] {dino} endp sm s .93
01[14:44] {Threei} Short Setup: RIG  .50 break
01[14:44] {Threei}  If holds  .60
[14:47] {dino} ot csii flat
01[14:51] {Threei}  1:1
[14:52] {dptl} out half ty
[14:52] {scottie} +.08 tks Vad
01[14:52] {Threei}  yw
[14:52] {dptl} all out
[14:53] {jdetente} +.20 all out. ty!
01[14:54] {Threei}  :)
[14:54] {jdetente} nice and easy
01[14:54] {Threei}  jusat as we like'em
[15:03] {dptl} whats up with jcp?
01[15:05] {Threei}  Blackrock disclosed 6.65% stake
[15:05] {scottie} ALGN l .50 if holds .45 ?
01[15:05] {Threei}  hl
01[15:05] {Threei}  a bit too volatile
[15:07] {dino} cov endp .63, +1.30
[15:08] {scottie} I see
[15:08] {dptl} .80 jcp
[15:08] {dino} no takers?
[15:08] {dptl} long?
[15:08] {dptl} ah  got away
[15:09] {scottie} great dino
[15:09] {dino} thx scottie
01[15:09] {Threei}  I lost speech for a sec dino
[15:09] {dino} lol
[15:12] {dptl} ntap .38 sh?
[15:14] {scottie} PNY  s .65 ?
01[15:15] {Threei}  ntap, don't know
01[15:15] {Threei}  pny, i like
[15:15] {scottie} can't short
[15:20] {dptl} fio .75 sh?
01[15:22] {Threei}  late
[15:23] {dptl} yeah
01[15:23] {Threei}  but yes
01[15:23] {Threei}  lol
[15:23] {dino} gotta hop. thx all. gn
[15:23] {scottie} dino
[15:24] {dino} :)
01[15:25] {Threei}  take care dino :)
01[15:33] {Threei} Short Setup: RIMM  14 break
01[15:33] {Threei}  If holds  .10
01[15:36] {Threei}  (CL) Magnitude 6.7 earthquake strikes in central Chile
01[15:44] {Threei}  held by fingertips
01[15:44] {Threei}  out .04
[15:47] {jdetente} got out .03
[15:47] {jdetente} whew
01[15:48] {Threei}  great, now it drops more :)
01[15:48] {Threei}  ah well
[15:48] {jdetente} argh
01[15:48] {Threei}  wasn't really worth the rsik
[15:50] {dptl} gn all........see ya tomorrow
[15:50] {scottie} gn all
01[15:51] {Threei}  thank you all, have a good evening
01[15:51] {Threei}  see you tomorrow
[15:51] {jdetente} gn all
01[15:51] {Threei}  crap, 1:1 RIMM :)
[15:51] {jdetente} not
01[15:51] {Threei}  neither am I
01[15:52] {Threei}  1:2, and I am still not watching
01[15:53] {Threei}  1:3, watching even less than not watching
[15:53] {scottie} your call was great, we just didn't have enough patience
01[15:54] {Threei}  true... oh well, will be smarter tomorrow
[15:54] {scottie} think so ? lol
01[15:54] {Threei}  patienter
01[15:54] {Threei}  lol
[15:54] {scottie} there...
[15:54] {dptl} no thinking
[15:55] {_bbobr} gn