Friday, March 1, 2013

March 01 2013

Tiresome end to the week, with good morning, very boring and negative afternoon, ending negatively as well. Slow creep-up, again.

Session Time: Fri Mar 01 00:00:00 2013
[09:07] {jdetente} Good morning
01[09:07] {Threei}  jd :)
[09:13] {dino} gm
01[09:13] {Threei}  dino :)
[09:14] {cipher} gm
01[09:15] {Threei}  cipher :)
[09:16] {dino} db ouch
[09:18] {Will49} good morning
01[09:18] {Threei}  will :)
01[09:19] {Threei}  two days ago, exchange at the close:
01[09:19] {Threei}  15:47] {Threei} ah, who knows
01[09:19] {Threei}  [15:47] {Threei} Bunga bunga says overnight he wants to go back to polls, we open -300
01[09:19] {Threei}  [15:47] {nemo} nah
01[09:19] {Threei}  2 min ago:
01[09:19] {Threei}  (IT) Italy's Berlusconi: Need to change electoral law and go to vote- financial press
[09:19] {scottie} good morning
01[09:19] {Threei}  scottie :)
[09:22] {Will49} Isn't berusconi just the greatest role model we've ever seen?
[09:23] {Will49} the leader of th clowns
01[09:25] {Threei}  pretty much
01[09:26] {Threei}  many in Italy say though, country being largely ungovernable for decades got some kind of governability under him
[09:29] {dptl} gm
01[09:30] {Threei}  dp :)
[09:33] {cipher} adp l .85
01[09:34] {Threei} Short Setup: JCP  .60 break hl
01[09:35] {Threei}  If holds  .70
[09:35] {cipher} IDCC L .80
01[09:39] {Threei}  1:1
01[09:39] {Threei}  1:2, out
[09:40] {Will49} tks Vad...nice beginning
01[09:40] {Threei}  long hesitation but when it moved, it moved fast
[09:40] {jdetente} thx Vad
01[09:40] {Threei}  yw
01[09:41] {Threei}  (EU) EC said to feel that Ireland should receive an extension on its Troika loan; links between sovereigns and banks still needs to be broken
01[09:41] {Threei}  (US) Governor of Michigan expected to declare a state of fiscal emergency for Detroit (would be largest municipal bankruptcy in US history)- finanical press- Reminder: on 2/28 the Mayor of Detroit commented that the Michigan Governor was to announce a state takeover of Detroit on Friday, March 1
[09:42] {dino} bdbd sm l .50
[09:42] {jdetente} I worked in downtown Detroit for a few months last year...depressing place.
01[09:42] {Threei}  recovery goes nicely I see
[09:43] {cipher} EVEP L .75
[09:44] {dino} aciw sm l .50
[09:44] {cipher} out evep .20 +.45
[09:45] {dino} gj
[09:46] {cipher} ty
01[09:47] {Threei} Short Setup: LVS  51 break hl
01[09:47] {Threei}  If holds  .10
01[09:49] {Threei}  Invalidated
[09:50] {dino} odd, clf positive
[09:50] {scottie} got in at .98, out at .12 ??
01[09:51] {Threei}  hah... I missed it triggering
[09:51] {scottie} lucky you :)
01[09:51] {Threei}  looked at another stock at the time, didn't see it
01[09:52] {Threei} Short Setup: GDX  .40 break
01[09:52] {Threei}  If holds  .50
[09:55] {dino} 07 green
[09:57] {dino} out bdbd .81, +.31
[09:59] {cipher} evep l .45
[10:00] {dino} out aciw .91, +.41
01[10:00] {Threei}  *(US) JAN CONSTRUCTION SPENDING M/M: -2.1% V 0.4%E
01[10:01] {Threei}  US) FEB ISM MANUFACTURING: 54.2 V 52.5E; PRICES PAID: 61.5 V 57.0E
01[10:01] {Threei}  1:1
01[10:01] {Threei}  *(US) FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 77.6 V 76.3E (highest since Nov 2012)
[10:02] {cipher} out evep .78 +.33
[10:05] {dino} mga spike (sounds like dr. evil company)
[10:08] {dino} guess no austin powers fans
01[10:08] {Threei}  lol
01[10:13] {Threei} Short Setup: SLW  .70 break
01[10:14] {Threei}  If holds  .80
[10:20] {cipher} out idcc .78 -.02
01[10:20] {Threei}  no go
[10:21] {cipher} mdco drop
[10:24] {dino} unxl drop
[10:25] {cipher} mdco l .16
[10:26] {cipher} anss drop
[10:29] {cipher} anss l .25 ave
[10:30] {dino} aciw sm l .41
[10:31] {dino} fcx sm l .55
[10:33] {cipher} out mdco .35 +.19
[10:34] {cipher} out anss .71 +.46
[10:34] {dino} nice
[10:34] {cipher} thx
01[10:36] {Threei} Long Setup:  BBRY  .50 break
[10:37] {cipher} evep blood
[10:37] {dino} 25% reduction in reserves
[10:37] {cipher} evep l.09
[10:38] {cipher} out .43 +.34
[10:38] {dino} 48,76 area gap evep
[10:38] {cipher} is that bad news?
[10:38] {cipher} whatever
[10:38] {dino} i guess
[10:38] {cipher} I don't care either way
[10:38] {cipher} got my scalp
[10:39] {dino} i'll look at it around gap area if it gets there
01[10:39] {Threei}  cipher reached Zen of Price
[10:40] {cipher} gut feel works fine for me
[10:40] {dino} half the battle buddy
01[10:40] {Threei} Short Setup: NTAP  34 break
01[10:40] {Threei}  If holds  .10
01[10:42] {Threei}  Invalidated
[10:43] {dino} markets are saying cut some more politicians
01[10:44] {Threei}  but didn't 170 million lost their job today?
[10:44] {dino} giddy-up
01[10:44] {Threei}  lose
01[10:44] {Threei}  and techers got fired everywhere?
01[10:45] {Threei}  and fires burn unattended?
[10:45] {dino} and dogs and cats living together
[10:45] {dino} chaos
01[10:46] {Threei}  lions and lambs?
[10:49] {Will49} Burlisconi would clean this mess up
01[10:49] {Threei}  we can only hope
[10:52] {dino} stop fcx .49 -.06
[10:53] {dino} meli spike
[10:58] {dino} out aciw .62, +.21
[11:00] {cipher} alny l .09
[11:01] {dino} reload .76 aciw
[11:02] {cipher} out alny .20 +.11
[11:08] {dino} ioc drop
[11:09] {cipher} nice call... missed it
[11:10] {cipher} buck fifty in couple min
[11:11] {dino} stop aciw .59 -.17
[11:11] {dino} missed it too
01[11:14] {Threei}  crap, NTAP invalidated, then worked
01[11:14] {Threei}  BBRY, trail to .44
01[11:16] {Threei}  (US) Speaker Boehner (R-OH): Reiterates need to take on the spending problem in Washington; hopeful will not have to deal with Govt shutdown (due March 27) while still dealing with sequester
01[11:17] {Threei}  Reiterates the discussion about new revenues is over
[11:19] {dino} good
01[11:19] {Threei}  remains to be seen whether they can stand their ground
[11:22] {dino} ioc drop
[11:23] {dino} secondary for 1 b
01[11:25] {Threei} Short Setup: SLW  .60 break
[11:26] {dino} unxl drop
[11:28] {nemo} president speaking in 10, headline risk
01[11:28] {Threei}  in 7
[11:29] {dino} he'll be whining
[11:29] {nemo} fine
[11:29] {jdetente} meh BBRY
01[11:32] {Threei}  stop tightening was a good idea
[11:32] {scottie} enough pain for me, I'm outta here, see you all monday
[11:32] {nemo}  bend over and take it like a man
[11:32] {scottie} BOHICA lol
01[11:32] {Threei}  have a good weekend scottie
01[11:32] {Threei}  there is news on BBRY also
[11:33] {Will49} fagettaboutit man
01[11:33] {Threei}  Pacific Crest cautious comments
[11:33] {dino} cya scott
[11:33] {scottie} bye everyone :)
01[11:35] {Threei}  frikin SLW
[11:36] {jdetente} I broke the rules and got 1:1
[11:36] {Will49} you're under arrest
01[11:37] {Threei}  let me give you better way to break rules
01[11:38] {Threei}  SLW invalidated .60 setup at 11:20 - 11:21, by going to .73,
01[11:38] {Threei}  dropped to .55,
01[11:38] {Threei}  bounced and topped out at .71.
01[11:38] {Threei}  Breaking .70 it gave an aggressibe double top entry,
01[11:39] {Threei}  with much tighter stop and better potential
01[11:39] {Threei}  vs .60 trigger that was very iffy
[11:39] {jdetente} with a .76 stop?
01[11:39] {Threei}  right
[11:39] {jdetente} that makes sense better risk/reward
01[11:39] {Threei}  .60 could have easily be a trap with immediate bounce
01[11:39] {Threei}  forming double bottom, .55 - .58
01[11:41] {Threei}  OK, economy is finished as of today
01[11:42] {Threei}  750,000 jobs
[11:42] {dino} the joke is he set this up
01[11:42] {Threei}  there are more jokes in it
01[11:42] {Threei}  for instance, these cuts can easily be reconfigured so they cut waste
01[11:43] {Threei}  but he doesn't want it, he wants them to cause damage, so he could lay the fault at republicans' feet
01[11:44] {Threei}  there you go: "ot's happening because republicans in congress failed to act"
[11:44] {dino} never his fault for anything
[11:45] {Will49} is ANYBODY in politics or business taking responsibility for anything these days?
[11:46] {Will49} the "me" generation in action
[11:47] {dino} clh drop
[11:49] {Will49} Jaded:  
[11:49] {Will49} The end result of having a steady flow of negative experiences, disappointment, and unfulfillment fed into a person where they get to the point where their anger circuits just sort of burn out and they accept disillusionment.
[11:49] {Will49} me
[11:49] {Will49} but just about politics mainly
[11:50] {dino} clh sm l .80
[11:51] {dino} out clh .10, +.30
[11:52] {Will49} guess I insulted the "me" generation guys here too
[11:53] {dino} lol. yo are just stating the truth
[11:53] {Will49} yeah dino:)
[11:54] {Will49} the "me" generation guys here ARE taking responsibility for their own financial affairs anyway
[11:56] {dino} left a lot on the table w/clh
[11:56] {Will49} Hey Vad, I'm starting to sound like that guy on the blog who complains about everything. Can
[11:56] {Will49} t remember his name
[11:56] {nemo} the Hawaiian guy?
01[11:56] {Threei}  I am not much different so... :)
[11:57] {Will49} no. older guy from Illinois
01[11:57] {Threei}  grym
[11:57] {Will49} that's him
[11:57] {nemo} thus the moniker
[11:57] {Will49} :)
[11:57] {nemo} makes me look downright palatable
[11:57] {Will49} when I was reading the blog, i had to put the guy on ignore
[11:58] {Will49} now, i is he
[11:59] {Will49} would never put you on ignore nemo
[11:59] {Will49} we don't have an ignore button, do we?
01[12:00] {Threei}  we do
01[12:00] {Threei}  in mirc
[12:01] {Will49} tks Vad...don't need it :)
[12:03] {Will49} gonna have a shower and see if I can run my attitude down the drain
01[12:05] {Threei} Short Setup: SLW  .50 break
[12:15] {thomcbell} how was the morning nice rally
01[12:15] {Threei}  back and forth
01[12:15] {Threei}  perfect opening
01[12:16] {Threei}  then this slow climb started
01[12:16] {Threei}  yolu know how much I hate those
[12:17] {thomcbell} fb looks like a long here
[12:17] {dino} decent tbell
[12:31] {thomcbell} long setup coh - 48.42 break if holidng 48.34
[12:44] {thomcbell} coh invalid
[12:44] {thomcbell} still on watch
[12:47] {thomcbell} fb worked 1:2 if anyone did -
01[12:47] {Threei}  wtg
[12:51] {thomcbell} fb 1:3
[12:51] {thomcbell} dino - trla
[12:52] {thomcbell} going bananas today
[12:53] {dino} lemme look
[12:53] {dino} need a big azz spike
[12:54] {thomcbell} fb out final 27.49
[12:58] {thomcbell} fb lord
01[12:58] {Threei}  yeah
01[12:59] {Threei}  news driven
01[12:59] {Threei}  Facebook Schedules a media even for March 7th to unveil a new look for's news feed - blogs- "Facebook has just sent out an invite to press with the text Come see a new look for News Feed. The event will be held at Facebook on Thursday March 7th, 2013 at 10am PST and well be on site."
01[12:59] {Threei}  what's the big deal about "new look"
01[12:59] {Threei}  shrig
01[12:59] {Threei}  srug
01[12:59] {Threei}  shrug
01[12:59] {Threei}  got it on third try
[13:00] {nemo} Hey! Komrade...get a load of this:
[13:01] {nemo} or this:
[13:01] {Will49} vad will go ballistic
01[13:02] {Threei}  sigh
01[13:02] {Threei}  you are USSR in the making, that'sall I can say
[13:02] {Will49} sigh is a sign of jadedness
[13:03] {nemo} he says the same thing my Russian friend said when he came here in 75.  "I never thought I'd see this again."
01[13:03] {Threei}  wait... he said that in 75?
01[13:03] {Threei}  or he camr in 75 and says it now?
[13:03] {nemo} that's when he came here
[13:03] {nemo} sorry
01[13:04] {Threei}  so when did he say it?
[13:07] {dino} its starting to look like atlas shrugged
[13:07] {nemo} about 15 years ago was the first time
[13:07] {nemo} that I remember anyway
01[13:08] {Threei}  OK... I have no direct knowledge of that, I came here 17 years ago :)
[13:08] {nemo} frickin' rookies
01[13:08] {Threei}  but what I see now is frighteningly similar
[13:18] {nemo} well habeus corpus is toast, now they're going after private property
01[13:30] {Threei}  will, look dcc
[13:34] {Will49} thanks Vad:)
[13:37] {thomcbell} feel like fb could squeeze more
[13:37] {thomcbell} thing has been such a dog - should have a lot of shorts
[13:37] {dino} bid spike
[13:39] {dino} sm s .85 bstop .02
[13:43] {dino} to .75
[13:44] {dino} cov bid .70, +.15
01[13:47] {Threei} Short Setup: GDX  .15 break
01[13:47] {Threei}  If holds  .25
01[13:54] {Threei}  (US) Senate Minority Leader McConnell (R-KY): Will not agree to increase taxes, any sequester agreement will not be a 'back room deal'
01[13:54] {Threei}  this one below is almost comic:
01[13:54] {Threei}  (DE) Germany Chancellor Merkel: Budget savings and economic growth are not competing ideas; it is wrong to be negative about 'sound budgets'
01[13:54] {Threei}  the very fact that someone needs to say it...
[13:55] {dino} right
[14:01] {dptl} have a good weekend all...see ya monday
01[14:01] {Threei}  huh? 2 hours of suffering left!
[14:01] {Will49} peace dp:)
[14:01] {dptl} go to go :)
01[14:02] {Threei}  sigh
01[14:02] {Threei}  no... jaded sigh
01[14:02] {Threei}  :)
[14:02] {Will49} if you don't go when you have to go, when you go to go you find you've already gone
01[14:02] {Threei}  lol
[14:02] {dino} cya dp
[14:23] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz]\
[14:30] {dino} wday spike
[14:35] {dino} shpg
01[14:48] {Threei} Long Setup:  FB  .85 break
[14:49] {thomcbell} without consolidatation?
01[14:50] {Threei}  the speed with which things go, it will consolidate plenty before breaking that :)
01[14:50] {Threei}  just want to put the trading idea out tnhere in advance
[14:53] {thomcbell} splk 38.26 long setup if holding 38.15
[14:53] {thomcbell} typed a bit late sorry
[14:54] {thomcbell} splk 1:1
[14:59] {dino} shpg again
01[15:04] {Threei}  1:1
01[15:10] {Threei}  wow, I finally got something right, since morning :)
[15:11] {jdetente} dang internet died for the past 30 minutes
01[15:12] {Threei}  yikes
[15:12] {jdetente} last trade for me was the GDX stop out
01[15:13] {Threei}  we got FB long from .85 since then
[15:13] {jdetente} cool.
[15:26] {thomcbell} what a rinse that was on splk
[15:33] {Will49} Have to skip out...have great weekend eveybody:)
01[15:33] {Threei}  take care will
01[15:47] {Threei}  somewhat tiresome week
01[15:48] {Threei}  I liked the selloff part, not the climb back up part
01[15:48] {Threei}  let's have a great weekend and get them next week
01[15:48] {Threei}  see you all Monday
[15:48] {jdetente} sounds like a plan. Have a great weekend all.
[15:51] {dino} calling it a week, thx for ideas
01[15:53] {Threei}  take care dino