Monday, February 11, 2013

Feb 11 2013

Very slow and mildly profitable day. Bearing with waiting is major challenge one faces on such days, as attempts to push too much in stagnant market will cause endless papercuts. Firs our of trading got eaten by another server shenanigans, but it was unremarkable anyway.

(10:22) Threei: CAT, which part of "and run" don't you understand
(10:23) thomcbell: im ignoring a good pattern and action in yhoo here
(10:23) thomcbell: 20.76 long break
(10:24) nemo: .73 lvs is S3, if gonna bounce will here
(10:24) Threei: if SPY holds the low, it may work just fine, tbell
(10:25) Threei: it's double bottom or breakdown
(10:25) ese: out bbry.,83 +.23
(10:25) Threei: hold .40, longs will work nicely
(10:25) Threei: lose .40, downtrend is established
(10:26) Threei: here kitty kitty
(10:27) Threei: 1:1
(10:27) Will49: pass the catnip
(10:27) Threei: lol
(10:27) thomcbell: u just actually scared me with that noise
(10:27) Threei: come on, I have grizzly sound, and you are scared of meow??
(10:34) Threei: ese, remember our discussion of economy vs. market?
(10:34) Threei: lookie here:
(10:34) ese: y
(10:34) Threei: stat from Goldman: 78% of $SPY companies guided down versus consensus estimates (versus 68% historically)
(10:35) ese: go short.........
(10:35) Threei: tell me again this is a strong economy, and market doesn't climb simply on endless money injection from Fed
(10:35) _ltrader has joined.
(10:35) Threei: short into that money injection?
(10:35) Threei: why?
(10:35) ese: well........regardless of whats what you see..........I'm makin money
(10:35) Threei: point is, this market is NOT moving up on ay strength in real economy
(10:36) Threei: tbell, you taking that YHOO?
(10:37) Threei: Short FB .20 break
(10:37) thomcbell: im not vad
(10:37) Threei: if stays under .30
(10:37) thomcbell: thinking about half lot
(10:38) thomcbell: kicking myself for ignoring a bullish setup in aig this am
(10:38) Threei: 38.90 break... yeah, that was a good one
(10:39) Threei: speaking of which
(10:39) Threei: Short AIG .25 break
(10:39) Threei: If stays under .31
(10:40) _ltrader has left.
(10:41) Threei: FB looks good fir a break
(10:42) Threei: AIG invalidated
(10:43) ese: L bbry .77
(10:44) dptl: btu short?
(10:44) Threei: .35 break, yes... hl
(10:47) dptl: invalidated
(10:47) Threei: yes, SPY broke downtrend
(10:47) dptl: fb two sided?
(10:47) Threei: remember that .40 that it had to hold?
(10:48) ese: word that comes to mind here is " bizzare" mrkt action....i'm having trouble getting afix on it
(10:49) Threei: no, nit liking FB long
(10:49) dptl: ok wait if that break .20 then
(10:50) dptl: in
(10:50) ese: how bout "nit" picking
(10:51) Threei: those teachers...
(10:51) ese: country term ...indigenous to north america
(10:53) ese: does this thing have a slap upside the head with a 2X4 sound..........I need it for bbry........
(10:54) Threei: there you go
(10:54) Will49: yikes
(10:54) ese: hmmmmmmmm that was more punishment for me instead of bbry
(10:55) Threei: well... be careful what you wish for
(10:55) ese: tks
(10:56) ese: am wishing for bbry to go up with the number of shs i'm messin with here
(10:56) thomcbell: short setup bbry 15.72 break if holding 15.80
(10:57) thomcbell: yhoo 1:1
(10:57) Threei: yup
(10:57) thomcbell: without me
(10:57) Threei: good spot
(10:57) thomcbell: must have been the meow
(10:57) Threei: told ya it was a good setup
(11:02) dptl: can we trail fb stop to .26 now?
(11:02) Threei: matter of choice
(11:02) Threei: I won'tboth decisions are valid
(11:02) Threei: I wion't
(11:03) Threei: although bioth decisions are valid, just digfferent odds of being rinsed
(11:03) Threei: weighed against wider stop
(11:03) dptl: ok
(11:04) Threei: I like how FB holds its head down while SPY fully recovered
(11:04) Threei: it may change its mind an start gfollowing of course
(11:04) Threei: but I want to give it a chance
(11:05) Threei: and BTW
(11:05) Threei: Short BTU .40 break
(11:09) Threei: FB if works, target 1:3
(11:09) ese: aye lads............em tayken tha.........ouuuut bbrrrrry (roll them r's).87 plues .10
(11:09) Threei: anyone, which language is this?
(11:10) ese: tha linguage a mooney
(11:10) Threei: ah... our favorite
(11:10) Will49: tis a brah bri c moonlit nicht tonicht
(11:11) dptl: in btu
(11:11) Threei: I give up... I am not learning any more languages
(11:11) Threei: I speak 4
(11:11) Threei: quite enough
(11:11) ese: willa beh
(11:11) Will49: aye laddie
(11:12) Will49: just an accent Vad
(11:12) Will49: a scottish accent
(11:12) ese: auch nu aye.....anna wiilla beh drankin a weee bet asza well
(11:12) ese: indeed
(11:13) Threei: ok, I am not learning any more accents - one I have was quite hard to get
(11:13) Threei: btw guys, for those who don't follow our FB page,
(11:13) Threei:
(11:14) ese: a sure ya bastard bbry...........just shoot on up there.........ya........*&^$&^
(11:14) ese: now that canadian
(11:14) Threei: although I think you better do
(11:14) Threei: some things posted there are not mirrored anywhere else
(11:15) Will49: ese, are you a Craig Ferguson fan?
(11:15) ese: mirrored?
(11:15) ese: no.......don't know who that is
(11:15) Threei: like this for instance
(11:15) Will49: late night Scottish comedian
(11:15) dptl: btu stop .46?
(11:16) ese: hmmmmmm
(11:16) Threei: .47
(11:16) dptl: ok
(11:16) Will49: he's on too late for you though ese
(11:16) ese: nice short there dp
(11:17) ese: ha ha
(11:17) ese: that laugh was for will dp not you..........
(11:18) dptl: to late
(11:18) Threei: lol
(11:18) Will49: ese, have a look on youtube for Ferguson...he's a riot
(11:18) ese: ok........will do
(11:20) cipher has joined.
(11:20) ese: C
(11:20) thomcbell: wrong side on that bbry - obviously - nice run from 15.80 break
(11:20) cipher: hello
(11:20) Threei: finally cipher
(11:21) Threei: we were wondering whether you got snowed in
(11:23) dptl: ok fb or btu...something has to work
(11:23) Threei: jeez, are you ever a pessimist
(11:23) Threei: why not both
(11:24) dptl: or both
(11:24) dptl: that would be nice
(11:24) ese: i'm likin fb short
(11:25) ese: .15 break
(11:25) thomcbell: nice one minute long pattern on splk
(11:25) ese: or would .05 be better vad
(11:25) Threei: ese... we are short from .20
(11:25) Threei: take me off ignore, will ya
(11:25) ese: sheesh........
(11:26) dptl: lol
(11:26) jdetente: you guys crack me up lol
(11:26) Threei: 10:37) Threei: Short FB .20 break
(11:26) ese: in case you hadn't noticed i was long a "you know what load" attention was elsewhere OK!.....sheesh
(11:27) Threei: forgive me for interrupting your BBRY meditation then
(11:27) ese: lol
(11:27) Threei: OK, SPY is back to business of  dopping
(11:28) ese: look at it go though...........would have reitred
(11:29) ese: in Olympic athelete doping
(11:29) Threei: dropping rather
(11:29) ese: in Olympic athelete doping
(11:29) Threei: dropping rather
(11:31) ese: vad what type of scanner do you have on a day like this thats effective.......
(11:31) Threei: all windows used for divergence
(11:31) patel: anyone still in BTU
(11:31) jdetente: let's put a little scare into FB 
(11:32) Threei: one is named, incidentally, "divergence"
(11:32) ese: reversals, new day highs, 52 weeks highs?
(11:32) dptl: i am in btu
(11:32) ese: ahhhhhhh....makes sense
(11:32) Threei: also, DBI and 2 days breakdown for the moment when market at the highs
(11:32) Threei: and vice versa
(11:32) cipher: expe l .55
(11:33) ese: might join you dp
(11:33) jdetente: Vad called that one too ese 
(11:34) Threei: lol
(11:34) dptl: lol...cant beleive this
(11:34) Will49: Vad, would you be tempted to tighten FB stop after this long consolidation?
(11:34) Threei: it's no uxse jd... ese morning program is: 1. wake up, 2. out coffee on, 3. put Vad on ignore
(11:35) ese: tks jd..............
(11:35) Threei: yes Will, it's time
(11:35) Threei: .26 stop
(11:35) ese: thats all I need is more ammo for him 
(11:35) Will49: Tks
(11:37) Will49: shake it more than twice and you're playing with it
(11:38) Threei: rofl, where di that come from
(11:38) Will49: old high school joke
(11:38) jdetente: Will.... lo!
(11:38) jdetente: lol
(11:39) Threei: BTU target 1:2
(11:39) dptl: what about stop for btu?
(11:40) dptl: still .47?
(11:40) Threei: unless you are that eager to put it at .42...
(11:40) Threei: am not
(11:40) dptl: ok .47
(11:42) patel: come on FB 
(11:43) cipher: out expe .72 + .17
(11:44) dptl: stopped fb
(11:44) Threei: yeah
(11:45) cipher: wynn l .80
(11:49) Threei: oh don't be in such a hurry BTU
(11:49) Threei: take your time
(11:50) jdetente: lol
(11:51) dptl: no no..i had to leave in an hour
(11:51) ese: NDAQ
(11:52) ese: euphoria vad?
(11:52) cipher: out wynn .65 -.15
(11:53) Threei: NDAQ Ticking higher after Fox News's Gasparino tweets deal talks with Carlyle Group broke down over price disagreements, could resume
(11:53) nemo has left.
(11:54) ese: tks
(11:57) Threei: 1:1
(11:57) Threei: mama mia, it happened
(11:57) Threei: believe it or not
(11:57) Threei: miracles exist
(11:57) cipher: wynn l .80
(11:57) dptl: no fill yet
(11:58) Threei: take frikin .31
(11:59) dptl: .32
(11:59) dptl: half
(12:02) Threei: main room is up guys, let's start relocating

[12:04] {patel} ...
01[12:04] {Threei}  three very good points
[12:05] {patel} ha, making sure the room was working
[12:05] {patel} it was pretty quiet
[12:06] {ese} but we don't get any sounds...............this is no fun.........i'm leavin
01[12:06] {Threei}  sorry...
01[12:06] {Threei}  not all toys in the same playroom
[12:06] {ese} lol
[12:07] {cipher} out wynn .18 +.38
[12:07] {ese} nice C
[12:07] {cipher} ty
[12:07] {dptl} out btu ..sigh
[12:07] {jdetente} no biggie dp, we got out half
01[12:08] {Threei}  hr is overly optimistic, jd
01[12:08] {Threei}  he
[12:08] {jdetente} the question you have to ask I have more money than before the trade...
[12:08] {jdetente} answer: Yes!
01[12:09] {Threei}  you barely hear a peep from him on a day with no single stop, but a lot of sighs on any other fay {G}
[12:10] {jdetente} remember dp our objective is to make money. :)
[12:11] {dptl} ye...lately something is not working for me...
[12:13] {dptl} i get nervous latlely often for some reason dont know why.....and making lots of mistakes
[12:15] {ese} L akam 1/2 .37
[12:17] {ese} L akam avg .41
[12:19] {cipher} CSTR L.08
[12:19] {ese} L akam avg .42
01[12:20] {Threei}  guys, new server box is in, it's a matter of installing the software and migrating database
01[12:21] {Threei}  should be done before or over the weekend
[12:22] {dptl} unh short?
01[12:22] {Threei}  too narrow
[12:23] {ese} let me see...........retirement is spelt how........stop to .50 akam
[12:24] {ese} break past .58 yesterdays high and who knows
[12:25] {ese} fridays'
[12:25] {ese} 36 is target
[12:26] {ese} out 1/2 .59 +.19 avg
[12:26] {Will49} nice one ese!
[12:26] {ese} tks
[12:27] {ese} patience.....word of the day today
[12:27] {ese} ya just need to find one of these per day
[12:29] {ese} stopped balance .51 +.09
01[12:29] {Threei}  I can't believe this
01[12:29] {Threei}  look at FB
[12:30] {jdetente} just did
[12:30] {jdetente} meh
[12:30] {jdetente} that was a slow ride down
[12:30] {nemo} SLB
01[12:31] {Threei}  I had this feeling that stop shoulkdn't have been trailed
[12:32] {ese} neeeeeeeeeeeemmmmmoooooooooo!
[12:35] {ese} L akam .41
[12:35] {nemo} what?
[12:35] {ese} that 6000sh order there was not mine
01[12:36] {Threei}  we don't believe you
01[12:37] {Threei} Short Setup: CAT  .50 break
01[12:37] {Threei}  If holds  .60 
[12:44] {ese} I really am hating todays market.......
[12:46] {ese} although this is good[AKAM] Ticks higher on CEO disclosing buy of 50K shares at $35.31 on 2/8 -
[12:46] {cipher} out cstr .18 +.10
[12:48] {dptl} got to go...see ya tomorrow all
01[12:48] {Threei}  ummm
01[12:48] {Threei}  CAT?
01[12:48] {Threei}  s;most 1:1?
01[12:48] {Threei}  and you are leaving?
[12:48] {ese} cya dp
[12:50] {dino} things really slowed down
[12:51] {Will49} cheers dp
[12:51] {ese} i'll say dino
01[12:54] {Threei}  come on, 1 cent from 1:1?
[12:55] {dino} good morning but....
01[12:55] {Threei}  stop .56
[12:56] {cipher} vrsk l .78
[13:02] {dino} my 07 scanner isn't moving
[13:05] {nemo} what does that scan for?
01[13:05] {Threei}  for james bond, sheesh
[13:05] {nemo} that would be 007
[13:06] {dino} moves of 7 cents or greater
[13:10] {cipher} cat l .50
[13:12] {cipher} out vrsk .98 +.20
[13:16] {cipher} ctsh l .17
03[13:22] * Retrieving #discussions modes...
[13:34] {ese} am doing family day brunch with the family all.......have a great rest of the day and we'll see you still L AKAM and down -.06
01[13:34] {Threei}  take care ese
[13:34] {patel} stop for CAT at .56 still
[13:35] {ese} tks vad........for all our US friends.....this is now a holiday in Canada..Family Day
[13:35] {ese} take care
[13:35] {patel} nice have fun ese
01[13:35] {Threei}  for those who are not in BC, today is a new holiday, Family day... which explains ese program I am scared to think what he'd do if they announced a Cow Day or something
[13:42] {cipher} out cat flat
01[13:45] {Threei}  you do know now it's going to drop, right?
[13:46] {cipher} feels like it
[13:46] {patel} Ciper were u long in CAT
[13:46] {cipher} yes
[13:47] {cipher} not anymore
01[13:48] {Threei}  OK, this is difficult to decode:
01[13:48] {Threei}  one one hand,
01[13:48] {Threei}  (US) Fed's Yellen (voter, dovish): Workers facing difficult situations; fiscal policy has restrained the economic recovery
01[13:48] {Threei}  this was extremely dovish pilicy, Yellen
01[13:48] {Threei}  are you saying you doves were wrong?
01[13:49] {Threei}  on another:
01[13:49] {Threei}  - It is appropriate for the Fed to continue to push for maximum employment
01[13:49] {Threei}  huh?
01[13:49] {Threei}  our fiscal policy "has restrained the economic recovery", so let's push more of same?
01[13:49] {Threei}  1:1 CAT
01[13:50] {Threei}  finally
[13:50] {patel} whew that one took forever. 
01[13:52] {Threei}  you in a hurry? :)
[13:52] {patel} nope
[13:52] {patel} dont have no where to go. 
01[13:53] {Threei}  there you go :)
[14:02] {dino} stt sm s .30
[14:03] {dino} cov stt .95, +.35
[14:05] {dino} too soon
01[14:32] {Threei}  out CAT in full
01[14:32] {Threei}  I think I managed to take about 5 naps during this trade
01[14:32] {Threei}  cat naps
[14:32] {Will49} :)
[14:40] {thomcbell} how goes it in here
01[14:41] {Threei}  quiet...
01[14:41] {Threei}  sleepy...
01[14:41] {Threei}  got a profitable one in CAT
01[14:41] {Threei}  and something else
01[14:42] {Threei}  but overall, incredibly slow day
[14:42] {thomcbell} creepy slow 
[14:42] {Will49} reasons?
01[14:43] {Threei}  who the deuce knows
01[14:43] {Threei}  we can theorize till cows come home
01[14:43] {Threei}  look at one very interesting chart guys
01[14:43] {Threei}
01[14:43] {Threei}  do you see what I see?
[14:44] {Will49} oh oh
01[14:44] {Threei}  or I converse with nemo too much, thus my senses are dull
[14:47] {nemo} this summer will be ridiculous
01[14:47] {Threei}  there is a lot that may happen till then
01[14:48] {Threei}  so, anyone got chills from that chart?
[14:48] {nemo} or not
[14:48] {nemo} no
01[14:48] {Threei}  ok... thrill?
[14:48] {nemo} no
01[14:48] {Threei}  sheesh... go drink
[14:49] {nemo} gotta make a run, drank the closet dry this weekend
[14:49] {nemo} Got Chinese New Year on Friday
[14:49] {Will49} as someone who got killed in 2001, this gives me major chills
[14:49] {nemo} oy vay...that's always painful
01[14:49] {Threei}  you are in different league now
[14:50] {nemo} Who Will?
01[14:50] {Threei}  you stand to benefit from such martket behavior
[14:50] {nemo} yep...I salivate to open limit down
[14:50] {Will49} i hope so
[14:50] {nemo} awash in market blood up to my knees
[14:50] {nemo} the laments of the jumpers from their office windows
01[14:51] {Threei}  there is a lot of complacency in the market
01[14:51] {Threei}  as if nothing bad can happen anymore, we can only climb
[14:51] {nemo} yeah, but there was 2 years of complacency in 02-04
01[14:51] {Threei}  meanwhile, there are so many things that can go horribly wrong at any moment
[14:52] {nemo} Obama was re-elected, what can go worse
01[14:52] {Threei}  02-04 markret was at the bottom, you goof
01[14:52] {Threei}  now it's at the top
[14:52] {nemo} name calling you pisdah
01[14:52] {Threei}  complacency when we hit major resiatance?
[14:52] {dino} rgr drop
[14:53] {Will49} see what your loose talk has done to the market?
[14:53] {nemo} algo's hit same time
[15:00] {jdetente} That's it for me guys. Going to go home happy with the trades we got. Everyone have a good one. :)
[15:00] {Will49} cheers jd
01[15:00] {Threei}  take care jd
01[15:01] {Threei}  can you send about 3% of your optimism to dp?
[15:01] {jdetente} haha. I'll try!
[15:01] {dino} rgr again drop
[15:02] {dino} sm l .36 rgr
[15:03] {dino} out rgr .71, +.34
[15:03] {dino} .35
[15:04] {Will49} quick!
[15:04] {dino} either quick or dead on these
[15:05] {Will49} amazing skill
[15:05] {dino} 400 shares gives lot of leeway will
[15:06] {Will49} nontheless
[15:06] {dino} seems i bailed too soon
[15:06] {Will49} only in retrospect
01[15:09] {Threei}  wehat do I miss? I see no news on RGR
[15:12] {dino} dk
01[15:25] {Threei} Long Setup:  FB  .30 break
01[15:25] {Threei}  If holds  .20 
[15:29] {dino} gdi drop
[15:34] {dino} gdi sm s .99
[15:35] {dino} cov gdi .73, +.26
01[15:40] {Threei}  OK FB
01[15:40] {Threei}  we are pressed for time
01[15:40] {Threei}  break and run
01[15:42] {Threei}  GDI looks like another short
01[15:42] {Threei}  spread is horrific though
[15:43] {patel} FB dont want to break. 
[15:50] {dino} xone drop
[15:51] {dino} calling it a day. thx all. slow but profittable
01[15:52] {Threei}  take care dino, same here
[15:55] {Will49} have good evening guys
01[15:55] {Threei}  you too
01[15:58] {Threei}  Ok guiys, thank you all
01[15:58] {Threei}  have a good evening, see you tomorrow
[15:59] {thomcbell} later guys