Wednesday, March 27, 2013

March 27 2013

Much better day as we adjusted to changing conditions. Once again. Never-changing process. Tomorrow  keep an eye on BBRY - this thing might be setting up for a short squeeze, with earnings day and 30% of its float shorted.

Session Time: Wed Mar 27 00:00:00 2013
[09:06] {dptl}  gm
01[09:06] {Threei}  dp :)
[09:06] {Les} morning
01[09:06] {Threei}  les :)
[09:07] {thomcbell} gm all
[09:07] {Les} reviewing yesterday's trading vad
[09:07] {Les} was reasonably happy with performance
[09:07] {Les} one issue I noted
01[09:07] {Threei}  tbell :)
[09:07] {Les} would be take scalps and scrap partialling
[09:07] {Les} 3 partials stopped out for half was too many
[09:08] {Les} you spoke with tbell or dj about protecting profits. What was the story?
01[09:08] {Threei}  yup, nornal for narrow low volume day
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
01[09:09] {Threei}
[09:09] {cipher} gm
01[09:09] {Threei}  cipher :)
[09:10] {Les} so u try to hold 75% of what was made while the going was good, is that it?
01[09:10] {Threei}  you want me to read it? :)
01[09:11] {Threei}  I linked it so YOU read it, not me :)
[09:11] {Les} stop on my account... rule of thumb is 75%
[09:11] {Les} clarify that please
01[09:11] {Threei}  it'as a trailing stop
[09:11] {Les} maintaining 75% of previous profit made?
01[09:11] {Threei}  no
[09:11] {nemo} what link?
01[09:11] {Threei}
[09:12] {nemo} liquor store, women,
[09:12] {Les} lol Nemo
01[09:12] {Threei}  it's not necessary kicking in right away after the first trade
[09:12] {Les} yeh, but gotta hold the day's takings until end of session
01[09:13] {Threei}  and when it does, it changes with each next trade
[09:13] {jdetente} good morning all
01[09:13] {Threei}  just as trailing stop does
01[09:13] {Threei}  jd :)
[09:14] {Les} ok will have to put that into practise
[09:14] {Les} ty
[09:14] {Les} should have done that before the C trade and would have walked away
[09:15] {Les} at least Aikido serves well on such days as yesterday
[09:19] {dino} db blood
[09:19] {dino} .
[09:20] {Will49} gm
01[09:21] {Threei}  will :)
[09:21] {dino} cyprus finance minister- we will look for best way to limit large sums of money leaving
01[09:21] {Threei}  of course
[09:21] {nemo} they hired Dyncorp to help with bank security
01[09:21] {Threei}  late night yesterday they said "haircut" might be up to 80%
01[09:21] {Threei}  I'd rather call it decapitation
[09:21] {Les} money already fled prior to signing agreement. someone was in the know and given preferential treatment
[09:21] {nemo} Dyncorp is the largest private "military"
[09:21] {nemo} in the world
[09:22] {Les} US mercenaries on EU soil hey...
[09:22] {nemo} US company, mercs from all over
[09:22] {nemo} coming to a European country near you
[09:22] {nemo} Why do you think Homeland Security just bought 2700 armoured vehicles
01[09:24] {Threei}  hah!
01[09:24] {Threei}  (EU) Portugal Sec of State Guedes: There is absolutely no risk that the Cyprus solution could be applied to other eurozone nations
[09:24] {backman} gm
01[09:25] {Threei}  bman :)
01[09:26] {Threei}  BBRY shorts at all time high, reach 30% of float
[09:27] {Les} sounds like FB from a few months ago
01[09:27] {Threei}  and earnings tomorrow
01[09:27] {Threei}  that's what I am thinking
01[09:27] {Threei}  short squeeze material, even if earnings are so so
[09:28] {Les} Greece index dropping hard
[09:28] {Les} the nightmare returns to EU street
01[09:29] {Threei}  JPM looks to be a short candidate
[09:29] {ese} gm
01[09:29] {Threei}  hopefully will consolidate between .10 and .20 for couple min
01[09:29] {Threei}  ese :)
01[09:31] {Threei}  no such luck
[09:31] {nemo} spy fas at yesterday's  pivot
[09:32] {dino} clf spanked again
01[09:32] {Threei} Short Setup: C  .50 break
[09:32] {ese} fte
01[09:32] {Threei}  too fast
01[09:33] {Threei} Short Setup: JPM  .10 break
01[09:33] {Threei}  If holds  .20
01[09:34] {Threei}  daily looks horrific
01[09:34] {Threei}  1:1
01[09:34] {Threei}  1:2
[09:34] {Les} beautiful
01[09:34] {Threei}  ah thank you
01[09:34] {Threei}  oh, you mean JPM
[09:34] {Les} JPM needs someone who understands it
[09:34] {Les} will listen to its needs
01[09:35] {Threei}  C 1:1, too bad this one got away
[09:35] {ese} spyders tankin
01[09:35] {Threei}  yeat, Italy adds fuel to fire
[09:35] {Will49} tks Vad out JPM
[09:35] {nemo} olive oil actually
01[09:35] {Threei}  yw
[09:35] {ese} missed that .....whats happening there
01[09:36] {Threei}  still can't form a govt, and possible new election
[09:36] {nemo} musicians
[09:36] {ese} too funny
[09:36] {ese} wha da ya mean musicians?  sheesh
[09:37] {nemo} defending 155 SPY
[09:37] {dino} gs green
[09:38] {nemo} wow, yeah, they're barely down...this market not going down without them
01[09:40] {Threei} Long Setup:  BBRY  .50 break
01[09:40] {Threei}  If holds  .45
01[09:41] {Threei}  Invalidated
[09:41] {Les} can't short it either
[09:44] {ese} L mdlz .14
[09:44] {Les} GS pushing 3 min bb's looks like a squeeze
01[09:44] {Threei} Short Setup: FB  .95 break
01[09:44] {Threei}  If holds  25
[09:47] {Les} BBRY basing consolidating
[09:47] {nemo} looks like wants to test resistance
[09:47] {ese} Lsrpt .19
[09:48] {nemo} figures, musician buying drugs
[09:48] {Les} l bbry .46
[09:48] {Will49} quick this morning nemo
[09:48] {nemo} amazingly...I've been up all night
[09:48] {Will49} dad ok?
[09:49] {dino} lnn sm l .75 wide/gappy
[09:49] {Les} yeh
[09:49] {Les} how is he?
[09:49] {nemo} that's why I was up all night
[09:49] {nemo} not good..have to administer drops hourly
[09:49] {nemo} infection
[09:49] {nemo} they shot vancomycin and a cephalosporin directly into his eye yesterday
[09:50] {Will49} hope one of my kids will step up if needed
[09:50] {nemo} I keep the Sig on the desk
[09:50] {Will49} you're a Saint
[09:50] {nemo} beginning to think that's an option
[09:50] {nemo} me a Saint...oh boy, you'll make alot of my former colleagues laugh at that one
[09:51] {Will49} you're a good role player
[09:51] {nemo} that's an interesting way to put it
[09:51] {Les} half out bbry .53
[09:52] {Les} stop to .50
01[09:52] {Threei} Short Setup: WDC  37 break
[09:52] {cc_8} Among the companies with shares expected to actively trade in Wednesday’s session are Cliffs Natural Resources Inc. (CLF), Francesca’s Holdings Corp. (FRAN) and Access Midstream Partners LP (ACMP).
01[09:52] {Threei}  sorry, WFC
[09:52] {cc_8} MARKET SNAP: At 5:55 a.m. ET, S&P 500 futures down 0.2%. Treasury yields little changed. Nymex down at $95.90; gold down 0.1% at $1,596.18. In Europe, FTSE 100 down 0.1%, DAX down 0.7% and CAC 40 down 0.9%. In Asia, Nikkei 225 up 0.2% and Hang Seng up 0.7%.
01[09:52] {Threei} Short Setup: WFC  37 break
01[09:52] {Threei}  If holds  .10
[09:54] {Les} bbry stop +.01 2nd half
01[09:55] {Threei} Long Setup:  CAT  .20 break hl
01[09:56] {Threei}  fast 1:1... too fast I guess
[09:56] {thomcbell} lvs pop
01[09:56] {Threei}  if anyone got it, you know what to do
[09:58] {thomcbell} short setup splk 39.40 break if holding 39.50
[09:59] {thomcbell} half lot
01[10:00] {Threei}  *(US) FEB PENDING HOME SALES M/M: -0.4% V -0.3%E; Y/Y: 8.7% V 8.7%E
[10:02] {ese} daaaaaaa sugar ray blu......tried to get a fill on fis at 39.....went by me
[10:02] {ese} fingers not moving fast enough
[10:02] {Will49} nice French there ese
[10:02] {thomcbell} bbry getting its footing
01[10:02] {Threei}  lol
[10:02] {Les} bbry trying to squeeze here but 15 min bb's are too tight
[10:03] {ese} tks.........i know italian vancula............
[10:03] {Les} even I recognise that vulgarity ese
[10:04] {Will49} translation?
[10:04] {ese} L bbby .65
[10:04] {Les} go f yerself
[10:04] {ese} F O
[10:04] {Will49} thought so
[10:05] {Will49} goes with the Italian salute
[10:06] {thomcbell} splk cancelling it - looks more like a a long
[10:06] {Will49} va vancula to WFC
[10:06] {nemo} tempurpedic up again  ;-)
01[10:06] {Threei}  lol... invalidated for now
[10:06] {ese} yup
[10:07] {thomcbell} wow vad fb was initially a long idea right?
[10:07] {thomcbell} lord god
[10:07] {backman} fb..would love to short at break of
01[10:08] {Threei}  every time I try to call long FB, ese swears at me in 5 languages
[10:08] {Les} another squeezer
[10:08] {Les} the games we play
[10:08] {backman} shorted AKAM at 35....
[10:09] {Les} vwap .90
[10:09] {Les} AKAM
[10:10] {nemo} rax looks good for a short
[10:10] {ese} am watching that les.....already have a position there
[10:10] {Will49} good call Bman
[10:11] {Les} still long ese?
[10:11] {ese} y
[10:11] {Les} few days ago wasn't it?
[10:11] {ese} y
[10:12] {ese} avg .74 now
[10:12] {Les} JPM revisiting lws but could be long here
[10:12] {Les} lows
01[10:12] {Threei}  (CY) Reportedly Cyprus capital controls plan will be in force for 7 days
01[10:12] {Threei}  yes, and banks were supposed to be closed for 1 day
[10:13] {Les} EU needs to hire bankster PR people to do their job
01[10:14] {Threei}  - Controls will include restrictions on checking accounts and overseas payments. Will not allow ending time deposits.
[10:14] {ese} don't know if you can explain that vad but it is a weird psych....ummmmmmm aversion lets call it to that stock FB.........I can't help but think he's one of the stupidest ceo's out the idiot AONE guy
[10:15] {nemo} he's a billionaire...can't be THAT stupid
[10:15] {ese} that gets in the way of me buying or selling that stock
01[10:15] {Threei}  you have explained it already: "it is a weird psych"
[10:15] {ese} i guess
01[10:16] {Threei}  there is a chart, there are setups...
01[10:16] {Threei}  how many profitable plays we did on FB, both short and long
[10:16] {ese} billionaire or not.....just rubs me the wrong way
01[10:16] {Threei}  on a personal note, I can't stand him
[10:16] {Les} vad FB dt'd in your book at .60?
01[10:17] {Threei}  stupid is not the word I'd use, I'd rather say sleazy
[10:17] {Les} psychopathic
01[10:17] {Threei}  yes Les
[10:17] {Les} k missed it
01[10:17] {Threei}  clean dt, backman was right
[10:17] {dino} lulu sm l .15
06[10:18] * Les slaps backman for getting it right without Les
[10:18] {Les} being on board
01[10:18] {Threei}  but personal perception aside, just remember that time when FB had enormous lockup expiration, and everyone was screaming short it
[10:18] {ese} ya thats pretty much it vad.............the way he tried to squeeze extra billions out of that ipo....screwing the people who had back him to that point
[10:18] {Les} bbry very tight here
01[10:18] {Threei}  how could you not go long and profit from mass emotions?
[10:19] {Les} was that not the game put out by wall st?
[10:19] {ese} TPX perfect cup and handle...watched it didn't do anything though
01[10:19] {Threei}  not exactly Les
[10:20] {backman} out AKAM +.22
01[10:20] {Threei}  he theatened to withdraw sibscription from brokera houses that wouldn't go along with his plan
[10:20] {Will49} good one Bman
[10:20] {Les} gj
01[10:20] {Threei}  wtg
[10:20] {ese} hmmmm  didn't know that
[10:20] {backman} thnk u
[10:20] {ese} doof
01[10:20] {Threei}  they wanted to price it lower
01[10:21] {Threei}  he pressed for higher price and more shares
[10:21] {ese} not you B ...the FB doof
[10:21] {Les} so wall st wasn't being stupidly greedy then
[10:21] {Les} the guy knows how to play hey...
[10:21] {nemo} he got it right...allowed them all to get out up around 40
01[10:22] {Threei}  IMO, short term smart, long term stupid
01[10:22] {Threei}  want long term smart? look at Amazon
[10:22] {nemo} he got a couple of billion in cash...wh cares
[10:22] {Les} yeh it's the give me now culture
[10:22] {Les} and he got now
[10:22] {ese} out srpt .40 +.21
[10:22] {nemo} If I could get a couple of billion out on the first day, the company could die tomorrow for all I care
01[10:23] {Threei}  well, that's exactly why I can't stand him... thug in hoodie grabbing his while it's there
[10:23] {nemo} shut up Les
[10:23] {nemo} you frickin' commie
[10:23] {Les} sorry nemo
[10:23] {ese} out bbby .92 =.27
06[10:23] * Les blows nemo a huge raspberry
[10:23] {ese} +.27
[10:23] {Will49} wtg ese
[10:23] {ese} mdlz still non performing loan
[10:24] {ese} tks will
01[10:24] {Threei} Short Setup: BBY  .30 break
01[10:24] {Threei}  If holds  .40
[10:24] {Les} FB .50 short?
[10:24] {thomcbell} retarded where this thing is
[10:24] {ese} my position in mdlz is sure to bring down the world economy
[10:24] {thomcbell} not that im thinking
01[10:25] {Threei}  let's let it trade within the range for a few min Les
[10:25] {Les} k
01[10:25] {Threei}  ok... no
[10:25] {ese} damn mrkt is reneging on paying the loan........sheesh....what a place to do business
[10:25] {Les} yeh
[10:29] {Les} FB breaking bb bubbles in higher time frames. looking for another DT
01[10:30] {Threei}  BBY is valid
[10:31] {thomcbell} especially with the breaking of yest low
[10:31] {thomcbell} reminding me a bit of bbry from the other day
[10:33] {nemo} watch 51 area for HFC short
[10:35] {ese} hmmmm  textbook double bottom nsm.......too bad i missed that too
01[10:36] {Threei} Short Setup: FB  .80 break
[10:36] {dino} ebay sm l .10
01[10:36] {Threei}  If holds  .85
[10:36] {ese} am not using my mystical powers to sus these out.................lets try again .....ummmmmmmmmmmmmmmmmmmmmm......ahhhhhummmmmmmmmmmmmm
[10:37] {ese} nope not workin.........................
[10:39] {ese} ese wildly looks through the pages of vads reality trader textbook to find the it is.......sit with legs crossed behind your head............ummmmmmmmmmmmmmmmmmmmmmm.......ahhhhhhhhummmmmmmmmmmmmmmmmm
[10:39] {ese} waiting for divine intervention
01[10:39] {Threei}  and slap your knees with your ears
[10:39] {ese} lol
01[10:39] {Threei}  die BBY
01[10:39] {Threei}  you too FB
[10:40] {backman} out WFC -.10
01[10:41] {Threei}  hmm? WFC whole range is less than 10 cents, how did you manage that? :)
[10:41] {ese} although.......there is some divine intervention happening with akam
[10:42] {backman} shorted prematurely on break of 37
01[10:42] {Threei}  BBY is not a scalp if works
01[10:42] {Threei}  see how weak it is while SPY makes new highs
01[10:44] {Threei}  oh come on... 1 cent to 1:1?
01[10:44] {Threei}  finally
01[10:44] {Threei}  1:1
[10:44] {nemo} nke looks short
01[10:45] {Threei}  1:2
01[10:46] {Threei}  FB no go
01[10:47] {Threei}  out last piece BBY on a trail
[10:48] {backman} this FB runup on lower volume is highly suspect, although price doesnt lie
[10:48] {ese} nice one chief........keep up the good work eh
[10:50] {Les} short fb again last go
[10:52] {nemo} nke short here
01[10:57] {Threei} Short Setup: CAT  .40 break
[10:57] {backman} EBAY long 51.22
01[10:57] {Threei}  If holds  .50
[11:02] {Les} two way?
01[11:02] {Threei}  by oure chart configuration, yes... but something doesn't look right for long
01[11:02] {Threei}  volume
01[11:03] {Threei}  dries up on each upward move
[11:03] {Les} k
[11:03] {Les} FB stopped
[11:07] {Les} CAT still good?
01[11:08] {Threei}  yup
[11:10] {thomcbell} short setup wdc 49.74 break if holding 49.85
[11:12] {thomcbell} wdc invalid
[11:12] {nemo} still BTFD!!! market
01[11:13] {Threei}  why not
01[11:13] {Threei}  it will continue right up to the bitter end
01[11:14] {Threei}  and the final blowoff will be as usually, totally unexpected
[11:20] {dino} lnn sm l .00
01[11:21] {Threei}  .35 is CAT's last line of defense down to about .20
[11:21] {Les} vwap and pivot just below .30
01[11:22] {Threei}  1 cent to 1:1
01[11:22] {Threei}  wtd
[11:24] {thomcbell} darnit wdc
01[11:24] {Threei} Short Setup: BBRY  .40 break
[11:24] {dino} jpm sm l .75
[11:24] {thomcbell} never triggered though thankfully
[11:28] {dptl} stop .46 bbry?
01[11:29] {Threei}  or .51
01[11:29] {Threei}  both are valid, with different degree of shakeout odds
[11:29] {dptl} ok
01[11:29] {Threei}  action slowed down to about a pace of one-legged heavily sedated snail moving in molasses
[11:30] {dptl} what is your stop .51? you gonna use
[11:30] {nemo} snails don't have legs vad?
[11:31] {nemo} maybe 1 legged centipede?
01[11:31] {Threei}  .51 for now, will trail after new low
01[11:31] {Threei}  you sure about that nemo? I am not good at botany, but still...
01[11:35] {Threei}  trailing to .46 now
[11:35] {dptl} k
01[11:35] {Threei}  crap
01[11:35] {Threei}  Snails belongs to class Gastropoda of phylum Mollusca. the name means it walks with the belly or the
01[11:35] {Threei}  belly functions as legs. so they don't have legs.
01[11:36] {Threei}  how I hate it when nemo is right
[11:36] {Les} and here i thought it was just me who slid around on my gut
01[11:36] {Threei}  and my proficiency in botany hits new low
[11:37] {backman} out BBRY .20 from earlier entry
01[11:37] {Threei}  wtg
[11:37] {backman} ty
[11:38] {dino} gj
01[11:38] {Threei}  half out BBRY
01[11:41] {Threei}  bman, I must say... the progress over the course of measly two weeks is quite amazing
[11:41] {dino} indeed
[11:42] {backman} you've coached me well, enlightened one...++ i lost so much $$$ trading wo stops years ago....this is so much easier....and Profitable...expect to go live next week
[11:42] {dino} great job bman, gl
[11:43] {Will49} we expect great things from you Bman
01[11:43] {Threei}  as we go through mentoring process, I have inside look, easier to gauge the progress... questions asked two weeks ago and trades made now look like two different men
01[11:44] {Threei}  and... enlightened one?? lol
01[11:44] {Threei}  I can see nemo fainting
[11:44] {backman} ty all....feeling aggressive on EBAY...will trail to BE
01[11:44] {Threei}  hitting the floor
01[11:44] {Threei}  splitting his upper lip of the edge of the desk
01[11:45] {Threei}  weakly reaching the bottle by lucky coincidence laying right where he fell
01[11:45] {Threei}  inhaling half of the content
[11:45] {dino} coincidence?
01[11:45] {Threei}  air quotes :)
[11:46] {dino} ahh
[11:46] {backman} BBRY cover was right off 2:1 return model....will be nice to turn this $$ some day soon
01[11:47] {Threei}  by the way, about trading without stops... I know I linked it about 200 times but it never gets old
01[11:47] {Threei}
01[11:47] {Threei}  if it was more than 2 months since you read it, read it again
01[11:47] {Threei}  CAT 1:1
01[11:48] {Threei}  this time I was smarter and took .31
[11:49] {dino} out lnn .71, +1.71
01[11:49] {Threei}  wow
01[11:49] {Threei}  wtg
[11:49] {Will49} wowser
[11:50] {backman} my hero :=)
[11:50] {dino} lucky
[11:52] {backman} EBAY setting up volatility window
[11:52] {dino} where you in at?
[11:52] {dino} i'm at .15 from hour ago
[11:52] {dino} opps .10
01[11:52] {Threei}  (ES) Eurostat: spain 2012 budget accounting methods were flawed, did not change budget accounting rules- Other countries budget accounts are probably not affected
01[11:53] {Threei}  heh
[11:53] {dino} roflol, like you didn't see fake budgets coming
[11:53] {Les} never a dull moment in EUland
01[11:53] {Threei}  now, what does this remind you:
01[11:53] {Threei}  (US) Fed's Rosengren (moderate, voter): Asset purchases have boosted US labor markets, there is little evidence that Fed policies are causing financial stability problems
[11:54] {thomcbell} i read it again Vad - good stuff
01[11:54] {Threei}  to mwe, it's that guy who jumped from 100th floor
[11:54] {thomcbell} aapl day low
01[11:54] {Threei}  passing 50th, says "so far so good"
[11:55] {ese} lol
01[11:55] {Threei}  the rest of his speech is not much better
[11:55] {backman} out ebay -.04
01[11:55] {Threei}  - US housing prices remain well below their peak - DUH!
[11:55] {ese} out mdlz .24 +.10
[11:56] {ese} had enough of that one
01[11:56] {Threei}  home price/rent index is at 1993 levels presently. - PRESENTLY?
[11:56] {Les} hmmm forgotten my grammar rules here
01[11:56] {Threei}  - S&P500 is higher, but so are corporate earnings. Stock price gains appear in line with fundamentals. - you gotta be f*&^g kidding me?
01[11:57] {Threei}  next one can cause apoplexy:
01[11:57] {Threei}  - Bond yields are quite low, but they have declined in line with other market rates.
01[11:57] {Threei}  eeeck
01[11:57] {Threei}  - Low inflation gives the Fed the flexibility it needs to encourage faster growth and rapid declien in unemployment.
01[11:58] {Threei}  you folks claim low inflation for 5 years now
01[11:58] {Threei}  where is rapid decline in unemployment?
01[11:58] {Threei}  - Benefits of Fed asset purchases still outweigh costs.
01[11:58] {Threei}  again, passing 50th floor...
01[11:59] {Threei}  - Fed can vary monthly asset purchases by changing monthly amounts bought, should continue buys through 2013
01[12:00] {Threei}  OK, so come end of 2013 and you stop buying... market drops like a stone,... what's next?
01[12:01] {Threei}  this thing is so rudderless...
01[12:04] {Threei}  - Cyprus is preparing capital controls to buttress the reopening of banks tomorrow, while in Italy the Beppe Grillo's Five Star movement is doing its best to torpedo the formation of a government in Rome.
01[12:04] {Threei}  that thing is too, lol
[12:05] {ese} I love the italians.............just do it...........
01[12:05] {Threei}  - In Italy, the Five Star movement promised to vote against any Bersani government in a confidence vote, and even ruled out the possibility of the party's MPs walking out on a confidence vote to allow the formation of a government. There has been another round of Italy sovereign downgrade rumors
01[12:06] {Threei}  Note that in a sign of trouble, the bid-to-cover in the Italian five-year bond auction this morning was the lowest in over a decade. The euro is tanking, with EUR/USD at fresh four-month lows around 1.2770, well below the 200-day moving average.
[12:11] {Les} vad any sort of identifiable shorting pattern on RIG at the top or here?
01[12:11] {Threei} Short Setup: LVS  .95 break
01[12:11] {Threei}  If holds  56
01[12:12] {Threei}  .80 break was more or less decent setup Les
[12:12] {Les} missed
01[12:23] {Threei}  meh
[12:29] {dino} lnn sm l .36
[12:30] {Les} oh RIG reversal, finally caught something
[12:30] {Les} pulling teeth
[12:42] {Les} sm. jpm long .62
[12:44] {dino} out ebay .40, +.30
01[12:44] {Threei}  frikin LVS
[12:49] {Les} FB did the same to me. .10 stop too large
[12:49] {jdetente} I was just reading your blog on stops I'm having a zen moment looking at that rinse
[12:50] {jdetente} :)
01[12:50] {Threei}  :)
01[12:52] {Threei}  random reinforcement
[12:54] {jdetente} yes!
[12:55] {thomcbell} some days there is just not much juice
[13:00] {thomcbell} kors looks like something long here
[13:01] {Les} JPM covered flat. pushing for what isn't there
[13:03] {Les} LVS back to .99
01[13:07] {Threei}  hmmm... WFC
01[13:07] {Threei}  tempting short
01[13:07] {Threei}  daily is so shot down
01[13:07] {Threei}  well, with .96 stop
01[13:08] {Threei} Short Setup: WFC  .90 break
[13:12] {backman} f'en ebay
[13:12] {Les} we have a wiunner
[13:12] {Les} nice call
01[13:12] {Threei}  half out WFC
01[13:12] {Threei}  .81
01[13:12] {Threei}  {--- learned my lesson from two stocks that bounced from 1 cent off 1:1
[13:16] {dino} markets have stopped moving
[13:16] {Les} FB creating some volatility again
01[13:16] {Threei}  I had a girlfriend like that once dino
[13:16] {Will49} hey! that's my line:)
01[13:17] {Threei}  was, before I stole it :)
[13:17] {Les} FB .90 if holding .95?
[13:17] {Will49} hahaha
[13:17] {Will49} long as you don't steal my girlfriend
01[13:17] {Threei}  I doubt it les... feels against the grain
[13:17] {Les} k
[13:18] {jdetente} prudent cover on WFC
[13:18] {dino} lol
01[13:18] {Threei}  I am a quick study, jd :)
[13:18] {jdetente} glad I followed :)
01[13:19] {Threei}  I mean, after you step on the rake twice and its handle hits you on the forehead...
[13:19] {Les} you lose brain function
[13:19] {jdetente}
[13:19] {Will49} that' not where it usually hits me
01[13:19] {Threei}  lol
[13:20] {Les} hehe
[13:20] {backman} apol
01[13:21] {Threei}  one has to wonder why ese disconnected upon reading this rake exchange
[13:21] {Will49} if he's late for school, he'll get raked over the coals
01[13:22] {Threei}  my assumption would be, he has very vivid imagination, and Will's line sent him twisting in pain
[13:22] {Will49} :)
01[13:23] {Threei}  musicians are like that...
01[13:26] {Threei}  see FB?
[13:26] {thomcbell} still somewhat interested in a bbry long at some point
[13:27] {thomcbell} for the reasons Vad stated this am
01[13:27] {Threei}  I think c,loser to and after the earnings announcement
01[13:27] {Threei}  for now luring in the overconfident shorts continues
01[13:27] {Threei}  when all the suckers are suckered in, trap closes
[13:32] {Les} yeh saw FB
[13:34] {Les} lol 1:1 jpm without me
[13:35] {Les} sm short FB .98
[13:35] {dino} lulu to .45
01[13:36] {Threei}  look dcc les
[13:40] {dino} stop lulu .45, +.30
[13:46] {thomcbell} that looked pretty good the 14.51 break long on bbry Vad - i didnt publish but i did take the entry
[13:47] {thomcbell} publish is kind of funny
01[13:47] {Threei}  good setup, yes
01[13:47] {Threei}  but I am not really worried about missing little longs on it right now, it's still a guessing game
01[13:48] {Threei}  if and when that big trap works, we will have a lot of time and entry opportunities
01[13:48] {Threei}  such squeexe will go much longer than squeezed can imagine
01[13:49] {Threei}  just as it happened on that smackdown a few days ago, where we couldn't get setup near the top,
01[13:49] {Threei}  yet caught very nice short later on
[13:49] {dptl} acmp 40 short?
01[13:50] {Threei}  and just as with FB lockup, when poor shorts squirmed for weeks, not understanding what hit them
01[13:50] {Threei}  can't tell, ACMP
[13:56] {Les} FB stopped me getting squeezed
01[13:57] {Threei}  you are asking for it
01[13:57] {Threei}  [13:17] {Threei} I doubt it les... feels against the grain
[13:57] {dino} kyth? thin
[13:58] {backman} APOL 1:1...
01[13:58] {Threei}  (CY) Cyprus Foreign Minister: Government seriously considered exiting the eurozone during bailout negotiations- Feels the EU failed to show solidarity during the negotiations on the bailout.
01[13:58] {Threei}  you think?
[13:59] {dino} eu crushed them on greek debt and crushes them again. why they stay is beyond me
01[14:00] {Threei}  at some point meaningless of this will finally dawn on one of them
01[14:00] {Threei}  it's hard to be first to leave
01[14:00] {Threei}  but someone will
01[14:01] {Threei}  and whole house of cards will fall apart
01[14:01] {Threei}  and then it will be "last to leave, don't forget to turn the lights off"
[14:01] {thomcbell} another bad french employment number today
[14:02] {thomcbell} when that one starts to unravel things will get pretty atrocious
01[14:02] {Threei}  who would have thought electing socialists could hurt economy
01[14:02] {Threei}  and amazingly quickly, tbell
01[14:03] {Threei}  who remembers the mind-boggling speed with which USSR fell apart, knows just how quickly these things can go frpom zero to 100 mph
[14:06] {nemo} I do, started with the fall of the Berlin Wall
01[14:07] {Threei}  Egyptians Are Angered by Ongoing US Support of "Illegitimate Muslim Brotherhood Govt"
01[14:07] {Threei}  good move Obama
01[14:08] {Threei}  way to turn allies into enemies
[14:08] {nemo} alright cya tomorrow P&Q
01[14:09] {Threei}  gl nemo
[14:10] {thomcbell} bbry another entry 14.62 break
[14:19] {dino} out lnn .18, +.82
[14:19] {dptl} inn?
[14:19] {dino} L
[14:19] {thomcbell} bbry got 1:1 on 14.62 entry
[14:20] {dino} LNN dp
[14:20] {dptl} oh ok...nice
[14:21] {dino} thx buddy
[14:22] {dino} got out too soon (again)
[14:25] {thomcbell} bbry 1:2 briefly
[14:25] {backman} gotsa back tomorrow...same bat channel
[14:26] {Les} ciao
[14:26] {dino} cya
01[14:26] {Threei}  take care bman
[14:33] {thomcbell} last quarter stop to 14.67 bbry
[14:39] {Will49} see this? Massive cyberattack threatens internet speed
[14:39] {Will49}
01[14:41] {Threei}  sigh
[14:45] {jdetente} is that Ravi making a comeback?
[14:46] {dino} lol
[14:47] {dino} sm l lnn .73
01[14:47] {Threei}  hmmm... not since he tried to blackmail me in "then I go someplace else" style :)
[14:48] {jdetente} ah I thought that may have been another username he's trying out
[14:48] {dino} out lnn .24, +51
[14:48] {dino} .51
[14:48] {thomcbell} bbry stop to 14.77
[14:50] {thomcbell} bbry 1:3
[14:50] {thomcbell} 1:4 if you did first setup
[14:51] {Will49} nice trade Tbell
[14:51] {thomcbell} im out now
[14:52] {thomcbell} took it off 14.90
[14:52] {thomcbell} tu
[14:52] {Will49} wish I could take your trades but my contract w/Vad doesn't permit it
[14:52] {Will49} jk
01[15:00] {Threei}  (IT) Italy's Bersani is said to have closed the door on a deal for forming a new government coalition - financial press
[15:01] {Les} RIG lower high
[15:02] {Les} FB lower high
01[15:03] {Threei}  probably time to try
01[15:03] {Threei} Short Setup: FB  .10 break
01[15:03] {Threei}  If holds  .20
[15:04] {thomcbell} kors will be on long watch tomorrow
[15:05] {dino} in the spirit of vads' opening account stop teahings, my stop on jpm is .69. had a very good day and now being stingy.
[15:05] {dino} ty lnn, multi-hits
01[15:06] {Threei}  stinginess helps profit preservation
[15:06] {dino} after yers of fighting that i totally agree
[15:06] {dino} years
[15:10] {dino} should be interesting tomorrow w/cyprus banks supposedly opening
01[15:11] {Threei}  and BBRY should be active player
[15:11] {dino} oh yeah, forgot, earnings
01[15:11] {Threei}  and 30% of float shorted
[15:11] {dino} lnn looks like it wants vwap below
[15:12] {dino} on my screen
01[15:26] {Threei}  come dow FB
01[15:26] {Threei}  down too
01[15:26] {Threei}  hmmm... can you tell between up and down?
[15:29] {dino} out jpm .79, +.04. back in 15 or so
[15:31] {Les} stop -.02 FB had a .01 off that wasn't swept up
01[15:31] {Threei}  second half FB is stopped on a trail
[15:31] {Les} offer
01[15:31] {Threei}  I hope you mean bid, lol
[15:31] {Les} yeh that too :)
[15:32] {Les} the meds are wearing off...
[15:34] {Les}
[15:37] {Les} RIG being a little more cooperative in shorting
[15:42] {jdetente} ah The Verve...good band
[15:51] {Les} outta here thanks for all the fish
01[15:51] {Threei}  ok guys, thank you all
01[15:51] {Threei}  much better day
[15:52] {Will49} take care
01[15:52] {Threei}  even though volume still sucks
[15:52] {jdetente} thanks Vad. Good day all
01[15:52] {Threei}  have a good evening, see you tomorrow
[15:54] {thomcbell} kors closing well
[15:55] {dino} wow that lnn came back strong
[16:01] {dino} gn all, thx for ideas