Session Time: Mon Apr 08 00:00:00 2013
[09:03] {dino} gm
[09:03] {nemo} frickin' optimist...queue cat
01[09:03] {Threei} lol
01[09:03] {Threei} dino :)
[09:14] {jdetente} good morning all
01[09:15] {Threei} jd :)
[09:19] {cipher} gm
[09:19] {Les} evening
[09:19] {backman} gm
01[09:19] {Threei} cipher, les, backman :)
[09:21] {Will49} gm
01[09:21] {Threei} will :)
[09:22] {Les} The old guard dying off hey... Thatcher calls it a day
[09:22] {dino} she did a good job
01[09:23] {Threei} Cyprus extended capital controls for 7 more days
[09:23] {Les} think she had her place in the cycle... good or bad, everyone has their opinion.
[09:23] {Les} certainly was an agent for change
01[09:24] {Threei} I don't know how they can ever end it
[09:24] {Les} Iceland still has capital controls after 5 years
01[09:24] {Threei} the day they do money flies
[09:27] {Alexs} gm
01[09:27] {Threei} alex :)
01[09:28] {Threei} no clear opening candidate, wastching usual suspects
01[09:29] {Threei} shorting GDX at 35 break is always an option of course, lol
01[09:29] {Threei} but hope it gives us just a hint of consolidation first
01[09:30] {Threei} Short Setup: GDX 35 break
01[09:30] {Threei} If holds .10
[09:31] {Les} short C .04 holding .15
01[09:32] {Threei} good one
[09:32] {Les} q .85 half .95
[09:32] {Les} seems to be standard response to prior day's squeeze
01[09:32] {Threei} GDX 1:1
[09:33] {cipher} gild l .95
[09:33] {thomcbell} lvs big pop there
01[09:34] {Threei} 1:2
[09:34] {cipher} WFM L.89
[09:35] {ese} morning...got to engrossed in reading the news forgot to watch the opening and sign in
01[09:35] {Threei} 1:3, out
01[09:35] {Threei} ese :)
[09:35] {Will49} great start Vad tks
01[09:35] {Threei} yw
[09:36] {jdetente} yes thank you
[09:36] {cipher} TNA L .06
01[09:36] {Threei} :)
[09:36] {cipher} out WFM .19 +.30
01[09:36] {Threei} couple more months like this, and I won't be able to live without GDX short as Dr Watson without Holmes's pipe
[09:37] {cipher} out TNA .20
[09:37] {ese} did you nail gdx will.......well done
[09:37] {Will49} yea man
[09:37] {Will49} textbook
[09:37] {cipher} out GILD +.08
[09:37] {ese} best of lboth worlds......it's got the dino bounce as well
[09:39] {cipher} INTU L.16
[09:39] {cipher} out .42
01[09:39] {Threei} Long Setup: AFL .20 break hl
01[09:40] {Threei} If holds .10
01[09:41] {Threei} 1:1
[09:41] {cipher} ctxs l .14
[09:42] {cipher} out .99 -.15
01[09:43] {Threei} Short Setup: CWH .85 break
01[09:43] {Threei} If holds .95
[09:44] {nemo} wow, thin trader
01[09:45] {Threei} thank you, I am dieting
01[09:45] {Threei} and working out
[09:45] {Les} good one
[09:45] {nemo} rim shot ese
[09:45] {Will49} hahaha
[09:45] {Les} morning nemo
[09:45] {nemo} ;-(
[09:46] {Les} :)
[09:46] {Les} how's bunny?
01[09:46] {Threei} Short Setup: BBRY .85 break
01[09:46] {Threei} If holds .95
[09:48] {dino} viab sm s .05
[09:48] {thomcbell} lvs very impressive - a dollar since my last post
01[09:49] {Threei} let's trail CWH to .91
01[09:49] {Threei} takes way too long
[09:51] {nemo} bunny is fine
01[09:51] {Threei} we need to hear it from her
[09:52] {nemo} I'll see if I can get her to the keyboard
[09:52] {Les} yeh I'm wondering how many times she's been stewed and simply replaced
01[09:53] {Threei} out CWH
[09:53] {Will49} careful Les...you're playing with fire
[09:54] {Les} wow LVS
[09:54] {nemo} Komrade: http://bit.ly/Y7Vsoa
[09:54] {cipher} IBB L .92
01[09:55] {Threei} this is beyond laughable:
01[09:55] {Threei} (CY) EFSF: Cyprus has applied to become stepping out guarantor, request will be considered by the remaining guarantors
[09:55] {cipher} josb l .72
[09:55] {ese} L mtg .02
[09:56] {Les} RIG short .80 holding .90?
01[09:56] {Threei} so if they say no Cyprus remains a guarantor
01[09:56] {Threei} and its guarantee no doubt weighs a lot
01[09:56] {Threei} yes RIG but hl
[09:56] {backman} c ndl
[09:57] {Les} yeh right
[09:57] {dino} cov viab .75, +.30
01[09:58] {Threei} lunacy is expanding at the rate I've seen only in good ole USSR times:
01[09:58] {Threei} (EU) EFSF is planning to sell five-year bonds
[09:58] {cipher} tna l .59
01[09:59] {Threei} think about it: entity that is created with sole purpose of financing countries who can't carry their debt and sell bonds, starts issuing its own bonds
[09:59] {thomcbell} mtg daily chart shaping up
[09:59] {backman} out c -.03
[10:00] {ese} out mtg .18 +.16
[10:01] {thomcbell} nice ese e
[10:01] {Will49} good one
[10:01] {cipher} out tna -.13
[10:01] {Les} ah ok, forgotten which acronym EFSF was
[10:01] {ese} tks T
[10:01] {ese} will
[10:01] {Les} yeh ponzi piling on ponzi
[10:01] {cipher} out ibb -.16
[10:02] {ese} Les?
[10:02] {Les} responding vad
[10:02] {ese} I'm going to be in Denmark on Thursday this week.......ya coming up to see me or what?
[10:03] {Will49} stay out of trouble
01[10:03] {Threei} I thought it was summer trip?
[10:03] {Les} BBY short .20?
01[10:03] {Threei} too bad RIG got away, nice short
[10:03] {Les} hl?
01[10:04] {Threei} BBY looks two-sided... can be a double bottom here just as well
[10:04] {Les} k
[10:05] {cipher} conn l.40
[10:06] {dino} elli sm l .91
[10:06] {Les} sm short bby
[10:07] {Les} stop .30
[10:07] {Les} no go
[10:07] {cipher} srcl l.70
[10:08] {ese} repeat the question......I'm going to be in Denmark on Thursday this week.......ya coming up to see me or what?
[10:08] {ese} Les?
[10:08] {Les} Denmark?
[10:09] {Les} why not Mongolio? same thing
[10:09] {ese} lol
01[10:09] {Threei} lol
[10:09] {ese} bastard......pretends to be a friend
01[10:09] {Threei} ese goes by continents Les, not by countries
[10:09] {ese} L mtg .12
[10:09] {cipher} tna l .61
[10:09] {Les} you come to Montreux Jazz ese, I'll come say hello
[10:09] {Will49} carefil Les, there are Vikings still raoming the earth
[10:09] {Will49} roaming
[10:10] {cipher} out tna .78
[10:10] {ese} there was talk of the University of Regina Big Band doing a reunion thing back there.....haven't heard of anything more about it thought
01[10:10] {Threei} next time you are in Missisauga, ask ese to come and see you, Les {G}
[10:10] {Les} :) have to look that one up on the map
[10:11] {Les} miners are running
01[10:11] {Threei} good 5 thou km from us :)
01[10:11] {Threei} die already BBRY
[10:12] {ese} Missisauga?........epicenter of the earth ...everybody knows that
[10:12] {Will49} LOL
[10:12] {ese} mtg.....show that same momo
[10:12] {ese} me ...me me me.....ya hear
[10:14] {cipher} out SRCL .11 +.41
[10:14] {Will49} good one
01[10:14] {Threei} Short Setup: GDX .15 break
01[10:14] {Threei} If holds .25
[10:14] {dino} volume light? scanners barely moving
01[10:15] {Threei} on a low side, yeah
01[10:15] {Threei} and range is narrow
01[10:15] {Threei} 1:1
[10:15] {ese} dated a girl from Missisauga once........she owned her own travel agency.....ACME travel........1980/81
[10:16] {cipher} lbtya l .67
[10:17] {dino} used to work w/that coyote guy on tv, huh ese/
[10:17] {ese} lol
[10:18] {dino} mkt drop
[10:18] {cipher} out lbtya - .06
01[10:18] {Threei} BBRY retest of the low, trail to .91
[10:19] {ese} hmmmmmmmm mtg momo might be gone
[10:20] {ese} an na da merket ain't helpin it none
[10:24] {thomcbell} yet another 5.15 deal price failure on mtg?
[10:24] {cipher} QCOR L .00
[10:26] {dino} dlx spike
01[10:27] {Threei} Short Setup: C .55 break
01[10:27] {Threei} If holds .65
[10:28] {Les} shorting miners here. just lost trendline support. market might bounce
[10:29] {dino} dlx sm s .50
[10:29] {thomcbell} long setup ago 20 break if holding 19.92
[10:29] {Les} covered +.15
[10:29] {Les} slw
[10:29] {cipher} TNA L .53
[10:30] {backman} 3:1 GDX....can i go home now?
01[10:30] {Threei} wow
01[10:30] {Threei} 1:1 BBRY, believe it or not
01[10:30] {Threei} wtg backman
[10:32] {Les} too early shorting BBY I see
[10:32] {dino} cov dlx .34, +.16
01[10:32] {Threei} dino, to answer your volume question:
01[10:32] {Threei} NYSE volume 120M shares, about 20% below its three-month average; . - NASDAQ volume 295M shares, about 28% below its three-month average
[10:32] {Will49} congrats backman
[10:33] {Les} might call it a day then Vad
[10:33] {Les} no good playing low volume days for me
01[10:33] {Threei} I dunno... so far so good
[10:33] {Les} mornign take is adequate
[10:33] {ese} out mtg .09 -.03 bastard
[10:33] {dino} thx vad
[10:34] {dino} gj batman
[10:34] {backman} tu
01[10:34] {Threei} let's just not push too much, handle it leisurely
[10:34] {Les} k, while volatility remains reasonable
[10:36] {Will49} would straight scalping be a strategy for low volume days?
01[10:36] {Threei} when the morning volaility is over, yes
[10:36] {Will49} tks
01[10:36] {Threei} and of course maintain the profit preservation routine
[10:37] {Will49} amen
[10:37] {dino} q1cor blood
01[10:40] {Threei} 1:2 BBRY
01[10:40] {Threei} life becomes more exciting
[10:40] {Les} laser seems the go to for borrowing BBRY never once got it
[10:41] {Will49} I couldn't borrow BBRy on Laser
[10:41] {Will49} Vad beet me to it
01[10:41] {Threei} limited availability...
[10:41] {Will49} beat
[10:41] {Les} ah ok
01[10:42] {Threei} it changes... remember when GDX wasn't available for many?
[10:42] {Les} new SLW short .95?
[10:42] {Les} holdig .05?
01[10:43] {Threei} looks like, yes
[10:45] {Les} indexes testing vwap, so could turn on us
[10:45] {Les} finnies leading higher
[10:46] {ese} L wft .55
[10:46] {cipher} FFIV L .76
[10:46] {cipher} TNA L.53 (late)
[10:47] {cipher} out TNA .03 +.50
01[10:49] {Threei} wtg
[10:51] {cipher} TNA reload .82
[10:52] {cipher} out LSTR .30 +.16
[10:55] {ese} somebody said earlier that theres no volume to move the mrkt........am starting to think that.....right chart patterns in a couple of stocks here but nothing want to move
[10:55] {Les} stopping here for the morning and keeping an eye on the miners for later. Could be revisit of last weeks lows shortly enough
[10:55] {ese} wants
[10:56] {cipher} out FFIV .94 +.18
[11:02] {dino} gj ciph
[11:02] {cipher} out TNA .69 -.13
[11:02] {ese} good one C
[11:03] {dino} elli to flat
[11:05] {dino} out elli .95+.04
[11:06] {backman} long GDX from .72
[11:09] {cipher} CONN L.63
[11:10] {thomcbell} stop on ago to 19.95
[11:10] {thomcbell} bored to tears
[11:10] {dino} me too
01[11:10] {Threei} want me to introduce some entertainment?
[11:11] {dino} dancing girls?
[11:12] {cipher} TNA L.65
[11:12] {thomcbell} long setup afl - 48.80 brak if holding 48.70
[11:13] {ese} finally wft +.01.........the momentum here is killing me
[11:13] {thomcbell} i kept it up vad what do u think?
01[11:13] {Threei} chart is right but way too slow...
[11:14] {thomcbell} yes - too obvious to work meaningfully
01[11:16] {Threei} Short Setup: GLD .80 break hl
01[11:16] {Threei} If holds .90
[11:17] {cipher} tna stopped .69 +.04
01[11:22] {Threei} 1:1
[11:23] {cipher} out CONN .80 +.17
[11:25] {thomcbell} afl worked vad
[11:25] {thomcbell} without us
01[11:26] {Threei} oh well
[11:26] {thomcbell} agreed
01[11:26] {Threei} so many things happen without us...
01[11:26] {Threei} it's just one more
01[11:31] {Threei} for instance there are three orcas right now, right next to the Sidney pier where I am almost daily on my walk... and I am not there,
[11:31] {cipher} IBM L.02
[11:31] {nemo} should invite Les for a swim
01[11:31] {Threei} lol
[11:32] {cipher} out IBM .13 +.11
[11:33] {dino} dlx sm s .70
[12:00] {backman} out CAT 1:1....anybody ever think about doing this 4 a living :=)
01[12:00] {Threei} hmmm... interesting concept
[12:01] {dino} lol
01[12:01] {Threei} Short Setup: C .80 break
[12:05] {cipher} AMBA L .85
01[12:07] {Threei} Royal Bank of Canada went from the most respected to most despised within 24 hours
01[12:07] {Threei} boycott, closing of accounts, online fury
[12:08] {dino} ?
01[12:09] {Threei} apparently they closed about 45 positions in IT, hiring foreign workers instead
01[12:09] {Threei} one of the fired went public
01[12:10] {Threei} explosion of the outrage is hard to comprehend
01[12:12] {Threei} facebook page "boycott rbc" went from scratch to 3117 likes in one day
[12:13] {cipher} IBM L .02
01[12:13] {Threei} RY is the symbol
[12:13] {cipher} finnies trying to bounce
01[12:24] {Threei} volume 19% NYSE and 29% NASDAQ below 3-months average
01[12:25] {Threei} Short Setup: HPQ .70 break
01[12:26] {Threei} now, significance wise it's a halt of the century: MNGA is halt
01[12:26] {Threei} halted
01[12:26] {Threei} on a circuit breaker, no less
[12:26] {dino} dlx stop -.36
01[12:26] {Threei} am I the only one who finds it funny?
[12:27] {dino} .90, yeah, a riot
01[12:27] {Threei} whew
[12:29] {Will49} sorry...stepped away
[12:29] {Will49} HAHAHA
01[12:29] {Threei} sigh
[12:30] {Will49} is that sigh for C?
01[12:31] {Threei} nah, C is merely invalidated
[12:31] {Will49} so why the big sigh?
01[12:31] {Threei} just felt like a sigh moment
[12:32] {Will49} you're allowed
01[12:32] {Threei} yup, it's a free country after all, right?
01[12:32] {Threei} after decades of not being able to sigh freely, feels like such a relief
[12:35] {Will49} yes, that's one of our shrinking number of freedoms
[12:36] {ese} am outta here......cya tomorrow....to many things to get ready for if Les is going to meet me in Denmark this week............eh eh eh eh
[12:36] {Will49} be good ese
01[12:36] {Threei} take care ese
[12:36] {ese} cya will
[12:36] {ese} vad
[12:59] {Will49} would tightening stop to .76 make sense in view of clamping BB's?
[12:59] {Will49} HPQ
01[13:00] {Threei} increases chance of a shakeout...
01[13:00] {Threei} if it retests the low from here, then yes
[13:00] {Will49} ok
[13:01] {dino} boil drop
[13:05] {cipher} BOIL +.27 thx dino
[13:07] {dino} gj, where'd you hit it/
[13:07] {dino} ?
[13:09] {cipher} out IBM .27 +.25
[13:10] {cipher} dino in .09 out .36
[13:10] {cipher} on the first drop
[13:14] {Les} GDX .60 short holding .70{'
[13:14] {Les} ?
[13:14] {Les} maybe not yet
[13:14] {dino} thx cipher, was trying to figure out entry on it
[13:16] {cipher} np
01[13:16] {Threei} U'd try it Les
01[13:16] {Threei} I
[13:16] {Les} you'll try it for me?
[13:16] {Les} and share profits?
[13:16] {Les} take losses yourselfr?
01[13:16] {Threei} nope
[13:17] {Les} socialism's a bitch
01[13:17] {Threei} I'll try it for myself, you for yourself... and if you want privatized priofits and socialized losses, apply to Obama {G}
[13:17] {Les} :)
[13:18] {cipher} missed boil damn
[13:31] {nemo} grind up in progress
[13:33] {nemo} we're just walking up the trends from Friday
[13:35] {Les} C not showing the enthusiasm of Friday, but might oblige longs here at 43
[13:36] {Les} nah bollinger bands are tighter than a virgin bunny here
[13:36] {nemo} interesting analogy...don't you mean a wombat?
[13:36] {Les} thinking of you
[13:37] {nemo} yeah, that's what worries me
[13:37] {Les} hehehe
[13:38] {nemo} o.k. if they want to keep going higher, they need a little flush here
[13:44] {dino} elli l .20
01[13:44] {Threei} HPQ no worky
01[13:44] {Threei} GDX looks good though
[13:45] {Will49} gawd...that HPQ was a painfully long short
01[13:45] {Threei} lol
[13:50] {Les} hpq vwap resistance .84
01[13:53] {Threei} random drifting
[14:04] {Les} cutting GDX +.01 dinner
[14:48] {Les} interesting xlp and xly both at round numbers
[14:51] {dino} atk jump
[15:14] {Les} jpm sm. long .27
[15:14] {Les} stop under .20
[15:18] {Les} stop +.01 outta here
[15:18] {Les} this is more brain deadening than listening to Nemo
[15:18] {Les} c u's tomorrow
[15:19] {Les} maybe turnaround tuesday
01[15:19] {Threei} take care les
[15:19] {jdetente} take it easy Les
01[15:20] {Threei} Will... remember you once asked whether it's possible to detect low volume narrow day early and adjust accordingly
01[15:20] {Threei} today we did just that
[15:20] {Will49} yes
[15:21] {Will49} wonder how good an indicator
[15:21] {Will49} looking back in my journal, there were some great days with low volume
01[15:23] {Threei} dependas on how it's handled
01[15:23] {Threei} if you push aggressively and try to play breakouts all day long, will be disastrous day
[15:24] {Will49} makes sense
01[15:24] {Threei} if you grab normal morning profits, then cut down activity anf play ranges, and keep your positions low, take scalps, trail account stop, can be a great day
[15:26] {thomcbell} mtg wowee
01[15:37] {Threei} Short Setup: JPM .35 break
01[15:37] {Threei} If holds .40
01[15:40] {Threei} meh
01[15:50] {Threei} Ok guys, thank you all
01[15:50] {Threei} have a good evening, see you tomorrow
[15:50] {Will49} peace
[15:59] {dino} out elli .20, flat.
[15:59] {dino} gn all
