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.

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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