Tuesday, March 26, 2013

March 26 2013

Very low volume and lack of volatility, not our day at all. Kept activity to minimum, ended in red anyway. Oh well.

Our free Sunday Links weekly e-mail is available for everyone now: http://www.realitytrader.com/sundaylinks.html


Session Time: Tue Mar 26 00:00:00 2013
[08:53] {dino} gm
01[08:54] {Threei}  morning dino
[08:54] {dino} gm 3i
[08:56] {dino} markets closed friday i see
01[08:56] {Threei}  yes, good friday
[09:04] {dptl} gm
01[09:04] {Threei}  dp :)
[09:12] {thomcbell} bbry vad - do you see a positive not by Bernstein?
[09:12] {thomcbell} i only see it on  yahoo finance -
01[09:13] {Threei}  not in the news flow
01[09:14] {Threei}  do you have a link?
01[09:14] {Threei}  last I see on Bernstein and BBRY is Feb 4
[09:15] {thomcbell} http://finance.yahoo.com/news/blackberry-gross-margins-guidance-likely-120727282.html
01[09:16] {Threei}  ty
[09:22] {backman} gm
01[09:22] {Threei}  backman :)
01[09:22] {Threei}  - North Korea military units said to have entered 'combat readiness' with missiles that could hit US and South Korean targets, such as US bases in Hawaii and Guam.
01[09:23] {Threei}  sigh
[09:23] {Will49} gm
01[09:23] {Threei}  will :)
[09:24] {Les} guten abend
01[09:25] {Threei}  les :)
[09:25] {jdetente} good morning
01[09:25] {Threei}  jd :)
01[09:25] {Threei}  -(US) Fed Chairman Bernanke: Easy monetary policy is bolstering the US economy and helping other nations as well
01[09:25] {Threei}  oh good
[09:25] {Les} lol
[09:26] {Les} guess that's reason to pour fuel on the flames
[09:26] {ese} gm
01[09:26] {Threei}  everywhere you look, other nations are cheering and thanking US... right?
01[09:26] {Threei}  ese :)
01[09:26] {Threei}  there must be plethora of jokes in this: http://goo.gl/jaAPB
[09:27] {Les} wouldn't it be easier to just walk a little closer to his holiness?
[09:29] {Les} holy crap look at the zoom on it
[09:29] {Les} http://www.nikon.com/about/feelnikon/recollections/r16_e/index.htm
[09:31] {cipher} SPLK L .20
[09:31] {thomcbell} nice cipher
01[09:31] {Threei} Long Setup:  GDX  .60 break
[09:31] {cipher} out.50 +.30
01[09:31] {Threei}  If holds  .50
[09:33] {cipher} FSLR L .35
01[09:33] {Threei}  stop to .54
[09:34] {cipher} out FSR .53 +.18
01[09:35] {Threei}  oh well
[09:37] {Les} outside 3 min bb's so a good flush could bring a nice bounce in GDX s1 support .34
01[09:38] {Threei} Long Setup:  CAT  .15 break hl
01[09:38] {Threei}  If holds  .05
[09:38] {cipher} ENDP L .14
01[09:39] {Threei}  Invalidated
[09:40] {cipher} out .25 +.11
[09:40] {Les} light vol. CAT on FSC BATS ain't moving
[09:42] {cipher} SFLY L .05
01[09:42] {Threei} Long Setup:  FCX  .70 break
01[09:42] {Threei}  If holds  .60
[09:43] {cipher} out SFLY .30 +.25
[09:44] {Les} the CAT ran
01[09:45] {Threei}  yeah
[09:45] {Les} fcx short?
[09:45] {Les} .60?
01[09:47] {Threei}  if can't go over .65
[09:48] {Les} GS VWAP rejection again this morn
01[09:49] {Threei} Short Setup: LVS  .38 break
01[09:50] {Threei}  If holds  .48
01[09:50] {Threei}  weird numbers but so is this opening
01[09:51] {Threei}  Invalidated
[09:51] {Les} IWM losing VWAP
[09:55] {cipher} ZUMZ L.26
[09:55] {Les} short lvs short fcx
[09:57] {cipher} FIVE L .80
[09:59] {dino} 07 fast red
01[10:00] {Threei} Short Setup: BBRY  .35 break
01[10:00] {Threei}  If holds  .45
[10:00] {Les} cover half fcx
[10:01] {Les} can't borrow
[10:02] {jdetente} neither can I
[10:02] {cipher} out FIVE .88 +.08
[10:02] {jdetente} oh wait broker just found some cool
[10:02] {Les} cover q lvs .21
[10:02] {Les} stop .30
[10:05] {Les} FCX vwap resistance holds
[10:05] {cipher} APEI L .63
01[10:07] {Threei}  don't scalp BBRY, IMO
[10:08] {Les} can someone lend me some of their stock?
[10:08] {cipher} out ZUMZ .44 +.18
[10:10] {cipher} URBN L .00
[10:11] {Les} spy wants that high
[10:11] {cipher} PAMT L .24
[10:13] {cipher} out URBN .04 +.04
01[10:14] {Threei}  grrr
[10:15] {cipher} out APEI .70 +.07
01[10:17] {Threei}  either because of short week, or Cyprus uncertainty, or all of that, but there is no patterns at all, just floating listlessly
[10:17] {dino} no setups for me yet, odd
[10:17] {Les} short week?
[10:17] {Les} when r we closed?
01[10:18] {Threei}  Friday is off
[10:18] {Les} k
01[10:19] {Threei} Short Setup: FB  .35 break
[10:19] {nemo} Yeah, Vad's closing the room and taking the month off in April, Les
01[10:19] {Threei}  If holds  .40
[10:20] {nemo} wow, iwm and spy barely moving
[10:23] {Les} damn lvs bounced straight off of vwap
[10:23] {nemo} funny how that works
[10:23] {cipher} out PAMT .59 +.35
[10:24] {nemo} nke below 59
[10:24] {nemo} appointment trading today
01[10:24] {Threei} Short Setup: CAT  87 break hl
01[10:24] {Threei}  If holds  .10
01[10:25] {Threei}  yeah, it's as if market said "I am so tired of endless worries, let me just do nothing for a day or two"
[10:26] {nemo} cypress isn't re-opening banks until Thursday now
01[10:26] {Threei}  yeah
01[10:27] {Threei}  (PT) Portugal Fin Min Gaspar: Main challenge is to handle financial market fragmentation
01[10:27] {Threei}  good luck with that gaspar
01[10:27] {Threei}  everyone is so trustful of each other now, right?
01[10:27] {Threei}  CAT is valid
[10:27] {nemo} of course Komrade, for the Rodina
01[10:30] {Threei}  sigh
[10:30] {nemo} what?
[10:30] {Les} FCX stopped
01[10:30] {Threei}  one of those days when it was not worth waking up or what
[10:30] {ese} L akam .72
[10:31] {jdetente} is frustrated an emotion? lol
[10:31] {ese} no
[10:32] {Les} I'd be bloody frustrated being woken 5 am for nothing
[10:32] {Will49} these days come with the territory, no?
[10:32] {dino} yes
[10:32] {jdetente} of course they do
[10:32] {dino} some of the hardest trades are not making them
[10:33] {jdetente} I guess I will echo our leader about this morning...sigh
[10:33] {nemo} brownnoser
[10:33] {Les} :)
[10:33] {dino} same here jd, no trades for me yet
[10:33] {jdetente} ha
[10:33] {Will49} sigh is a symptom of emotion
[10:33] {jdetente} uh oh this is going to get deep
[10:34] {jdetente} :)
[10:34] {nemo} yeah, knee deep
[10:34] {backman} thats what she said
[10:34] {jdetente} hey-o
[10:34] {dino} lol
[10:34] {Les} LVS back to vwap again. maybe not 3rd time luck
[10:34] {Les} lucky
[10:34] {Will49} where is the Toaist Trader this morning?
[10:34] {nemo} puerile juveniles
[10:35] {jdetente} go back to your bunny
[10:36] {ese} enough of the touchy feely stuff.............just flippin make money
[10:36] {nemo} hey, shove a paiste where the sun don't shine
[10:36] {ese} lol
[10:36] {Les} cover FB flat potty break
[10:37] {Will49} there's more emotion:)
[10:37] {Will49} nemo
[10:37] {backman} APOL?
[10:37] {ese} oh ya! oh ya!.........well I represent that remark
[10:38] {Will49} if we can't make money...might as well have fun eh?
[10:38] {nemo} go change your depends Will
[10:38] {ese} can't disagree with that
[10:38] {Will49} on my third pair already
[10:38] {backman} as in, u can depend on me?
[10:38] {Will49} at $3 a pop
[10:39] {Will49} so not only am i down in the market, my depends inventory is getting low
[10:40] {jdetente} better buy some more at lunch if you can make it
[10:41] {nemo} oh jeez...have to drive into Boston today...that SUCKS!!!
[10:41] {Will49} the delivery truck arrives in an hour
[10:41] {Les} motorcycles inherently dangerous means of transport in US?
01[10:42] {Threei}  frikin BBRY rinsed
[10:44] {ese} grrrrrrrrr.......the fish that got away........vmed....damn  watched it for about 40min then gave up on it.............
01[10:44] {Threei}  ok FB
01[10:44] {Threei}  lose .30 and become a winner finally
[10:44] {Les} FCX dog. rinsed and went straight back to trigger
[10:47] {ese} spyders did this number yesterday.........then proceeded to fall for the rest of the day
01[10:49] {Threei}  wow... did we get 1:1 finally?
[10:49] {Les} woohoo
[10:49] {Will49} yippeeeeee
[10:50] {ese} lol
01[10:50] {Threei}  I am falling in love with FB
[10:50] {ese} ya sure...ya sure....go ahead and brag
01[10:50] {Threei}  be still my heart
[10:50] {Les} well don't
[10:51] {ese} what are you driving to Boston for nemo?
[10:52] {nemo} father's doctor appointment
[10:52] {nemo} I hate driving in there
[10:52] {ese} ahhhh...good luck with that
[10:52] {Les} yer old man living in Boston or with you?
[10:52] {nemo} with me
[10:53] {Les} how go the eyes?
[10:53] {nemo} that's the reason
[10:53] {Les} no go?
[10:53] {Les} so fare
[10:53] {Les} far
[10:53] {nemo} oxy looks short
[10:53] {nemo} one of the surgeries went bad
[10:53] {ese} huh.......really
[10:53] {Les} bitchen
[10:53] {ese} how so
[10:53] {nemo} suddenly couldn't see
[10:54] {Les} short fcx .59 stop above .66
[10:54] {ese} holy S
[10:54] {ese} lcan that be repaired
[10:54] {ese} can
[10:54] {nemo} that's why the appointment
[10:55] {Les} not doctor malpractice I hope
[10:55] {nemo} not thinking about that yet
[10:56] {Les} cool
[10:57] {dino} hope it works out for him nemo
[10:57] {nemo} ty
[10:57] {nemo} between him, bunny's digestive problems, and my nephew's standard condition, life is challenging  ;-)
[10:58] {Les} :)
[10:58] {nemo} watch NKE here
[11:00] {nemo} So...had Captain Morgan's special reserve rum last night...very good
[11:00] {Will49} sounds like you're a giver nemo
[11:00] {nemo} huh?
[11:00] {Will49} a giver in a sea of takers
[11:00] {Les} gives it to others yeh
[11:01] {cipher} SGEN L .85
[11:01] {nemo} eh...I don't know....bunny is cool, my nephew is cool, father is old...is what it is
[11:01] {Will49} good attitude
06[11:01] * Les slaps Will with a big neon "slap me" sign
[11:02] {nemo} Read this:  http://bclund.com/
[11:04] {Les} lol
[11:04] {nemo} I like stuff like that when I'm having a "poor nemo" day
[11:05] {cipher} out SGEN flat
[11:06] {ese} that shouldn't happen to children
[11:06] {Will49} neat blog nemo
[11:07] {nemo} right sentiment, wrong expectation
[11:07] {nemo} yeah, he writes well
[11:07] {ese} yup
[11:07] {nemo} Nature is unkind, it treats the myriad creation like straw dogs
[11:07] {Will49} I have a cemetary at end of my street and walk thru it regularly
[11:07] {Will49} always makes me feel better
[11:08] {Les} yeh I realise who I am thanks to my kids
[11:08] {Les} took me 10 years
[11:08] {nemo} dead is good, half dead-no good
[11:08] {Les} changes my world and perceptions
[11:08] {Les} fcx finally
[11:08] {Will49} egggsacxtlty
[11:08] {nemo} anf here short possibly
[11:08] {Will49} evry day above ground is a good ady
[11:08] {Will49} day
[11:09] {Les} cover half here
[11:09] {Will49} just looked at my p&L...think i;ll take a walk in the cemetary :)
[11:09] {Les} lol
01[11:10] {Threei}  (EU) EU parliament member calls on Parliament to include a bail in for depositors in excess of �100K as part of the new banking resolution law - press**Reminder: Earlier the EU Commission reiterated that Cyprus is a unique case; bail-ins of large depositors are not being excluded in talks about the EU bank resolution system. - Yesterday markets reacted sharply to a purported comment from Eurogroup chief Dijsselbloem that the bank restructuring program in Cyprus could be used as a "template" for the rest of the EMU. Dijsselbloem later denied that he used the word "template" and that Cyprus is a unique circumstance.
[11:10] {nemo} jeez...no movement
01[11:10] {Threei}  wait will
01[11:10] {Threei}  FB is coming to 1:2
[11:10] {Will49} :)
[11:10] {Les} and IWM looks like ready for next step down if 94 holds
[11:11] {dino} ddd sm l .46
[11:12] {nemo} IWM is negotiating an upward and downward channel right along the Weekly Pivot...wow
[11:13] {nemo} spy has held the upper channel line as support right along the Monthly R2
[11:13] {nemo} Finnies dropped back into it's channel,
[11:14] {nemo} I'm stepping away...this is antsy
01[11:15] {Threei}  1:2
01[11:15] {Threei}  wow
[11:16] {Will49} makes my day....not
[11:16] {jdetente} step by step
01[11:17] {Threei}  will... what does the dude do?
[11:17] {Les} go bowling?
01[11:18] {Threei}  the dude abides
[11:18] {Les} sometimes he abides
[11:18] {Les} :)
[11:18] {Will49} i'm the great abider
[11:19] {Will49} old blues song
[11:19] {jdetente} http://images4.alphacoders.com/151/15184.jpg
[11:19] {Will49} oh no that's pretender
[11:19] {Will49} mo-town eh ese?
[11:20] {dino} trex sm l .12
01[11:24] {Threei} Short Setup: RIG  .75 break
01[11:24] {Threei}  If holds  .80
[11:24] {Les} GS close to yesterdays lows make or break time
01[11:25] {Threei}  Invalidated
01[11:25] {Threei}  (CY) Cyprus Central Bank's Demetriades: Bank of Cyprus will be operating like a normal bank
01[11:26] {Threei}  what's a normal bank?
[11:27] {Les} bank owned and enslaved to German banking system without Russian depositors
[11:30] {Les} German fear of tax havens says Speigel. They really think they can draw money into EU by shutting down peripheral financial havens.
[11:30] {Les} along with tax on trading
[11:30] {Les} EU really going for broke
[11:31] {Les} what next, electronic money?
[11:31] {Les} paperless money system?
[11:32] {Les} LVS trying to break yesterdays high
[11:32] {nemo} wow, look how shallow the book on IWM
[11:32] {nemo} something has to be wrong with my LII
[11:32] {nemo} yep
01[11:33] {Threei} Short Setup: JPM  .40 break
01[11:33] {Threei}  If holds  .50
[11:36] {dino} ddd tp flat
[11:36] {dino} to
[11:39] {Les} was gonna ask long JPM but FAS just made it to VWAP resistance. watching it here
[11:39] {dino} out ddd +.03
01[11:39] {Threei}  no, don';t like it long
[11:40] {Les} right
[11:40] {nemo} mos
[11:41] {Les} broken that downtrend line of resistance
[11:41] {backman} short clmt .39
[11:45] {Les} nature in my garden. A vole hunting grubs 2 metres from me
[11:45] {Les} red breasted robin staking out his territory next to my pond
[11:45] {Les} sorry a shrew not a vole
[11:46] {Les} such fast metabolism that he must eat constantly. always on the run
[11:53] {jdetente} my internet died...any trades on the table currently(presently)?
[11:53] {Les} yeh
[11:53] {Les} DEAD
01[11:53] {Threei}  no, one got invalidated
[11:53] {jdetente} ok thanks
01[11:56] {Threei} Long Setup:  JPM  .55 break
01[11:56] {Threei}  If holds  .50
01[12:02] {Threei}  here is why today is such a struggle:
01[12:02] {Threei}  NYSE volume 205M shares, about 22% below its three-month average; - NASDAQ volume 615M shares, about 19% below its three-month average
[12:03] {dino} wow, and it will get lower going into friday i think
[12:04] {nemo} all the Jews doing Passover this week
[12:04] {nemo} that reminds me Charleton Heston and Yul Brynner on tap
[12:06] {dptl} clf short?
01[12:09] {Threei}  not sure
[12:09] {dptl} stopped
[12:10] {ese} stop to break even AKAM .73
01[12:11] {Threei}  this kind of breaks rarely works in low volume, dp
[12:14] {nemo} iwm spy setups say lower, but you've got spy oscillating around the Monthly R2 since the open, and IWM around the Weekly Pivot since 10:30
[12:17] {Les} http://www.telegraph.co.uk/finance/financialcrisis/9952979/Cyprus-bail-out-savers-will-be-raided-to-save-euro-in-future-crises-says-eurozone-chief.html
01[12:18] {Threei}  ese, you here?
[12:18] {Les} starting to sound like ECB being strangled in German election year
01[12:18] {Threei}  remember you were musing about "them" being not that stupid, etc? read this and weep:
01[12:18] {Threei}  (CY) Cyprus Central Bank's Demetriades Confirms Bank of Cyprus uninsured deposit losses will reach 40%
[12:19] {ese} yes .....just on the phone a ton
01[12:19] {Threei}  40% confiscation...
01[12:19] {Threei}  from simple accounts... not something invested in risky products
[12:19] {Les} move money where? US equities?
01[12:19] {Threei}  checking, saving
[12:19] {Les} where's that money gonna run?
01[12:20] {Threei}  I don't know
01[12:20] {Threei}  it doesn't look like there is any safe place left
[12:20] {ese} well i don't have my money there.......it's not a big deal to me......play what you see
01[12:20] {Threei}  what can someone do if he simply wants his money safe?
[12:20] {Les} nothing. I guess that's the idea
01[12:20] {Threei}  not invested, not growing, not under any risk
[12:20] {jdetente} coffee can
[12:20] {Les} flushing out money and taking it
[12:20] {Les} inflation
01[12:20] {Threei}  just laying there until he needs it
[12:20] {Les} taxation
[12:21] {Les} capital controls
[12:21] {dino} well, the $100k and down were safe, so spread it out i guess
[12:21] {Les} a generational wealth transfer
01[12:21] {Threei}  even if you have just 1 mil, you need 10 different places
01[12:21] {Threei}  not that easy
[12:21] {dino} sure, or a big brokerage account
01[12:21] {Threei}  what to say about someone with a bit more?
[12:22] {dino} brokers are not govt insured
[12:22] {dino} private insurance. most $10 million or above per account
01[12:23] {Threei}  {ese} well i don't have my money there.......it's not a big deal to me... {--- I am not implying it is for you. It was your argument that they were not that stupid to do anything like this
01[12:23] {Threei}  and now EU says this is a template for the whole union
01[12:24] {Threei}  so Europe just at a flick of a switch became a no go zone for the wealth
[12:24] {dino} vad, with respect. it is how usa banking works. fdic up to 100k/account. remember the s&l crisis...
01[12:24] {Threei}  sure
[12:24] {dptl} short expd .58
01[12:24] {Threei}  that was my point... no safe place anymore in the world
[12:24] {Les} reckon money velocity gonna slow in Europe as capital flees
01[12:25] {Threei}  but here is what really bugs me:
[12:25] {dino} again, don't use the banks for over 100k. use brokers
[12:25] {Les} what stops them being seized as well to pay the bills?
[12:25] {Les} keep the lights on
01[12:25] {Threei}  there is simply no place to keep your money away from risk
01[12:25] {Threei}  how is broker any safer?
01[12:25] {Threei}  they go bankrupt
[12:26] {Les} credit freeze up
[12:26] {dptl} i am safe lol
[12:26] {Les} capital controls
[12:26] {backman} out CLMT..scratcj
[12:26] {dino} sure, but due your dd on them.
01[12:26] {Threei}  eh
[12:27] {dino} really, this should have happened from the beginning of euro crisis. up to 100k insured, after that good luck
01[12:27] {Threei}  who would have thought 3 huge houses with 100+ history could go belly ip within one year?
[12:27] {dino} why are taxpayers paying.
01[12:27] {Threei}  they shouldn't
[12:27] {dino} but on past bailouts in euro they are
01[12:28] {Threei}  in US as well
[12:28] {dino} let the strong survive, capitalism
01[12:28] {Threei}  so, here is business idea
[12:28] {dino} by saving all, it weakens all
01[12:28] {Threei}  bank that does nothing with your money
01[12:28] {Threei}  deposit your money for it to be safe, that's all
01[12:29] {Threei}  and pay a fee for that safety.
01[12:29] {Threei}  No investment, no risk, no fractional reserver
01[12:29] {Threei}  -r
01[12:29] {Threei}  no interest
01[12:29] {Threei}  You want interest, invest
[12:29] {Will49} or a buried coffee can in backyard
01[12:29] {Threei}  You want your money to be safe, bring it here
01[12:30] {Threei}  electronic analog of coffee can :)
[12:30] {dino} where are you different than what i am saying? you want interest you take on risk.
01[12:30] {Threei}  I am not, what I am saying:
01[12:30] {Threei}  there is NO such option
01[12:30] {Threei}  no one takes your money with guarantee of safety
[12:31] {dino} sure there is, you just need to find it. you really think businesses won't hold your money for a fee?
01[12:31] {Threei}  if you don't want interest and risk, where do you go?
[12:31] {Les} One Swiss bank already charging for deposits here. I expect market to test SNB threshold sooner or later, forcing negative interests rates on deposits here
01[12:31] {Threei}  is that swiss bank operating on fractional reserve system?
01[12:32] {Threei}  it's not a safe place, period
[12:32] {Les} eh oui
01[12:32] {Threei}  stop for a second and think:
[12:32] {Les} sssshhhh don't tell em that
01[12:32] {Threei}  such bank can't be any traditional bank
01[12:32] {Threei}  it has to be one that does nothing else
[12:32] {Les} there are banks catering only to private wealth yes
[12:33] {dino} it is what it is, people will find alternatives if they don't like the 100k insurance level. just spread it out, go to brokers, etc
[12:33] {Les} I think Singapore will see capital inflows
[12:38] {dino} pretty tough for my edge when my scanners don't scroll constantly.
[12:38] {Les} FCX 2H stopped
[12:38] {dino} trex stop .82 -.30
[12:45] {ese} signing in to sign out......catch you all tomorrow
[12:45] {Les} ciao ese
[12:45] {dino} cya
[12:46] {Will49} be good
01[12:47] {Threei}  take care ese
01[12:57] {Threei} Short Setup: C  .53
01[12:57] {Threei}  If holds  .60
01[13:02] {Threei}  this has to be the funniest yet most accurate mistype I've ever seen in a headline:
01[13:02] {Threei}  (IT) IMF: Italy banking system as a hole has a comfortable capital cusion, but banks still need to increase provisions and efficiency, not to mention profits
01[13:05] {Threei}  no?
[13:08] {dino} italy may be next. perhaps imf is worried about deposits greater than 100k
01[13:09] {Threei}  "Italy banking system as a hole"\
[13:09] {Les} yeh I got the joke
[13:09] {_littleal} It is a black hole
01[13:10] {Threei}  sure is
[13:10] {Will49} sorry Vad...just stepped out..is C still in play?
01[13:10] {Threei}  unless goes over .60
[13:10] {Will49} tks
[13:11] {dptl}  long clf .30
[13:13] {Les} looking for LVS setup short here
[13:13] {Les} would like another run at .50
[13:18] {jdetente} bye bye C
01[13:19] {Threei}  yes
[13:20] {dptl}  long low .99
[13:21] {Les} ss lvs
[13:26] {dptl} out clf
[13:27] {Les} cover half LVS
[13:31] {dptl} out low
[13:33] {dino} infi sm s .85 stop .05
01[13:33] {Threei}  good one
[13:34] {dptl} low too soon
[13:36] {backman} BBRY..short .44
01[13:36] {Threei} Short Setup: BBRY  .40 break
[13:36] {Les} sm short spy .84
01[13:36] {Threei}  thinking along the same lines, backman'
[13:36] {Les} lvs 2H stopped
[13:37] {backman} :=)
[13:38] {nemo} nanananannananananananana  BACKMAN!!!!
[13:39] {backman} nemo, u leave in boston area?....i'm up in North Andover
[13:40] {nemo} oh...you live in a tony suburb...North Andover, they use silk for toilet paper up there
[13:40] {backman} i rent...apt and tp
[13:40] {nemo} you rent tp?
[13:40] {nemo} oy vay
[13:41] {nemo} Maybe you should move to Lowell
[13:41] {backman} thinking about it
[13:41] {nemo} I wouldn't if you are white
[13:43] {nemo} North Andover pretty safe
[13:43] {Les} s lvs .38 stop abve .50
[13:43] {dptl} in bbry
[13:44] {dino} cov infi .62, +.23
[13:45] {dptl} stop .50?
[13:45] {nemo} couldn't sell the market down, now they'll check the other side of the range
01[13:46] {Threei}  .46 and .50 are both legit... one is a bit easier to be a subject of a shakeout than another
[13:46] {Les} cover half lvs
[13:47] {dptl} short cmcsa .39
[13:50] {dino} gpor
[13:50] {Les} spy stopped
[13:50] {Les} lvs stopped flat c u's tomorrow
[13:50] {backman} gd, les
[13:51] {Will49} bye Les
[13:51] {dino} cya
01[13:54] {Threei}  http://goo.gl/Q6BiE
01[13:54] {Threei}  as old joke goes, want russian to jump from the bridge - tell him it's forbideen
[13:54] {Will49} LOL
[13:59] {dptl} stop to .41 cmcsa
[13:59] {dptl} .42
[14:06] {dino} gpor sm s .50
[14:07] {dptl} to b/e cmcsa
[14:07] {dino} cov .40, +.10
01[14:08] {Threei}  you have 1:1, backman
[14:08] {backman} always a pleasure
[14:09] {backman} CLMT came in wo ...darn selling RE
01[14:12] {Threei}  rofl... insult of the day:
01[14:12] {Threei}  You are as useless as G in lasagna
[14:13] {nemo} poor Les
[14:14] {nemo} wow less than 50 mil shares of spy traded
[14:14] {dino} showing 59m here
[14:15] {nemo} this may just be market hours
[14:15] {dino} good point
[14:15] {nemo} showing 59.5 on FSC
[14:15] {nemo} broken clock...I'm right twice a day
[14:17] {dptl} trail to .43 bbry?
01[14:18] {Threei}  yup
[14:19] {dptl} should of grab .31
01[14:19] {Threei}  on such day, absolutely
[14:20] {dptl} oh well
01[14:20] {Threei}  and substituing "should of" for "should have" must become a death punishable offence
[14:28] {dptl} stopped
[14:31] {backman} afternoon, all
[14:31] {dino} cya bman
01[14:34] {Threei}  (CY) Fitch places Cyprus sovereign rating on watch negative
01[14:34] {Threei}  really?
[14:35] {dino} five sm l .72
[14:35] {dino} lol
[14:35] {dino} value added research
01[14:35] {Threei}  no kidding, lol
01[14:35] {Threei}  up to now we thought it was hunky-dory
[14:39] {dino} stop five .44 -.28
[14:42] {Will49} Vad, is there any way of knowing in first hour or so if we're going to have one of these kind of days?
01[14:42] {Threei}  is there were, think I would sit here?
[14:43] {Will49} guess it was a stupid question, eh?
01[14:43] {Threei}  :)
[14:43] {dptl} lvs .50 short?
01[14:44] {Threei}  yes
[14:44] {dptl} in .49
[14:56] {dptl} stopped.......
[14:56] {dptl} boy oh boy.....
01[14:56] {Threei}  you are just asking for it...
01[14:56] {Threei}  nothing worjks
01[14:56] {Threei}  whole day
01[14:56] {Threei}  why are you continue pushing?
[14:57] {thomcbell} agreed
[14:58] {dptl} yeah.....start asking my self if i ever gonna make it....
01[14:58] {Threei}  if you increase your frequency of trades on a low volume patternless day? no
01[14:59] {Threei}  how about following what market says? instead of "what you need"?
[14:59] {dino} now if that was bob evans w/couple burgers we'd let him in
01[15:00] {Threei}  dp, take deep breath and tell me... you want to trade or you want to make profit?
01[15:00] {Threei}  because I wonder sometimes...
01[15:00] {Threei}  it looks like you just want to tarde for trading sake
01[15:01] {Threei}  on a day when things don't move and volume is not there, you increase your activity or cut it down?
01[15:03] {Threei}  (EU) Spain PM Rajoy: Does not favor using deposits for recapitalizing banks, prefers ESM recaps
01[15:03] {Threei}  but of course
01[15:03] {Threei}  let taxpayers bail everyone else out
01[15:05] {Threei} Short Setup: JPM  .40 break
01[15:05] {Threei}  If holds  .50
[15:06] {_littleal} You know the bank that failed in Cyprys was state owned.  Shows the folly of state owned business.
[15:06] {dino} yes
01[15:06] {Threei}  honestly, I lost count of follies
[15:07] {dino} just look at obama/us govt involvement in solar
01[15:07] {Threei}  yeech
01[15:07] {Threei}  but is there even such a thing as private bank anymore?
01[15:08] {Threei}  unless it's so small that no one cares
[15:08] {jdetente} too little to care?
01[15:09] {Threei}  lol, yes
[15:09] {jdetente} I like that as a marketing slogan for a credit union lol
01[15:13] {Threei}  Invalidated
01[15:13] {Threei}  for now
01[15:13] {Threei}  may reestablish setup yet
01[15:13] {Threei}  JPM remains very weak in a strong market
[15:18] {dino} cphd spike
01[15:21] {Threei} Short Setup: JPM  .50 break
01[15:21] {Threei}  If holds  .55
01[15:21] {Threei}  let's see if mini-H&S works
[15:22] {dino} cphd sm s ave .95
[15:24] {dino} cov cphd .75, +.20
[15:28] {dptl} stopped
[15:29] {jdetente} alright guys going to call it a day. Have a good one.
[15:30] {_littleal} Bye all
01[15:32] {Threei}  take care kd, al
01[15:32] {Threei}  jd
01[15:36] {Threei}  volume is less than half of yesterday's
01[15:36] {Threei}  no wonder nothing happens
[15:39] {dino} yeah
01[15:41] {Threei}  day when you pick trades with 5 cents stops and wait for some event to trigger real action
01[15:41] {Threei}  other than that, sit on your hands
[15:42] {Will49} your advice about setting stop loss on profits kinda saved me today...tks
01[15:42] {Threei}  good to hear
01[15:43] {Threei}  see, these money management tricks really work
[15:43] {dino} logm spike
[15:43] {Will49} probably down about a third of what it could have been
01[15:44] {Threei}  discipline, however frustrating it sometimes is... saves our bacon
[15:45] {Will49} amen
[15:46] {dino} logm halt/
[15:46] {dino} ?
01[15:46] {Threei}  yes
01[15:46] {Threei}  for news pending
[15:46] {Les} we in anything?
01[15:46] {Threei}  in coma
[15:46] {dino} hey Will, thats good trading keeping the profits stop
[15:46] {dino} gj
01[15:47] {Threei}  NYSE volume 18% below 3-months ave
01[15:47] {Threei}  same for NASDAQ
01[15:47] {Threei}  oh boy
01[15:47] {Threei}  look at this beauty
01[15:47] {Threei}  (CY) Eurogroup's Dijsselbloem: A levy on wealth can be defended in principle - EU parliament discussion on Cyprus
01[15:48] {Threei}  A levy on wealth
[15:48] {Will49} dino...in today's case, staunching the blood flow :)
01[15:48] {Threei}  f(*&^ng communists
[15:48] {Les} lol
[15:48] {dino} agreed 3i
[15:49] {Les} looks like  a dutch fascist who made that comment
01[15:52] {Threei}  if not the time, BBRY would be a .40 break short
[15:53] {dino} lets hope for more volume tomorrow
[15:53] {dino} gn all
[15:53] {Will49} tomorrow's another day (thank God) cheers
01[15:53] {Threei}  ok guys, thank you all
01[15:53] {Threei}  have a good evening, we will get them tomorrow
[15:53] {Les} cheers
[15:55] {thomcbell} manana