Thursday, May 9, 2013

May 09 2013

Catch of the Day, thing of beauty. Double top, some consolidation forming support level, then breakdown.


Decent day overall, although a lot of back and forth, and many scalps, as trading is quite choppy.

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Session Time: Thu May 09 00:00:00 2013
[03:25] {KSystems} GM
[03:26] {KSystems} l 6EM3 1.3152 stp 1.3142 tgt 1.3162
[03:34] {KSystems} l GCLM3 96.26 stp 96.16 tgt 96.36
[03:34] {KSystems} its 10-tick-day
[03:46] {KSystems} out 6EM3 1.3162 (+0.0010)
[04:24] {KSystems} out GLCM3 96.16 (-0.10)
[04:25] {KSystems} l GGCM3 1469.4 stp 1468.6 tgt 1470.2
[04:42] {KSystems} l GCLM3 96.22 stp 96.11 tgt 96.33
[04:47] {KSystems} out GGCM3 1470.2 (+0.8)
[04:47] {KSystems} out GCLM3 96.33 (+0.11)
[04:52] {KSystems} s GCLM3 96.31 stp 96.41 tgt 96.21
[04:58] {KSystems} out GCLM3 96.21 (+0.10)
[06:33] {KSystems} s GGCM3 1471.4 stp 1472.5 tgt 1469.3
[06:43] {KSystems} out GGCM3 1469.3 (+2.1)
[06:48] {KSystems} l GGCM3 1469.7 stp 1468.5 tgt 1470.9
[07:09] {KSystems} out GGCM3 1468.5 (-1.2)
[07:53] {KSystems} l YMM3 15057 stp 15045 tgt 15067
[07:53] {KSystems} morning
[07:57] {KSystems} bye
[08:07] {KSystems} out YMM3 15045 (-12)
[08:44] {nemo} Vad...warn me so I can log out for a few minutes
01[08:45] {Threei}  oh man up and suffer
[08:46] {nemo} Oh, and having to deal with Les on a daily basis isn't suffering enough?!
[08:46] {nemo} Listen...if I wanted to occupy my day with suffering, I'd get married
[08:52] {nemo} http://bit.ly/12gybUVhttp://bit.ly/12gybUV
[09:00] {patel} GM
[09:01] {KSystems} morning :)
01[09:01] {Threei}  patel, ks :)
[09:01] {KSystems} that was a reply *G* I've been here for a few hours
[09:08] {jdetente} Good morning...
01[09:08] {Threei}  jd :)
[09:08] {stevw} g'mornin
[09:09] {thomcbell} TSLA
01[09:09] {Threei}  stec, tbell :)
01[09:09] {Threei}  c=v
[09:10] {backman} gm
01[09:10] {Threei}  bman :)
[09:11] {stevw} TSLA short? (or is that just an electric car joke?)
[09:13] {stevw} news on TSLA is first-ever profit
01[09:15] {Threei}  it can't be
01[09:15] {Threei}  no electric car company ever made profit
[09:15] {jdetente} must be some sort of accounting voodoo
[09:15] {jdetente} cooked books
[09:17] {Will49} gm
[09:17] {KSystems} hey
01[09:18] {Threei}  will :)
[09:18] {RonS} howdy
01[09:19] {Threei}  ron :)
[09:20] {Alexs} gm
01[09:21] {Threei}  alex :)
01[09:23] {Threei}  SPY looks to me ready to shrug off bad numbers and put another run
[09:23] {nemo} of course
01[09:23] {Threei}  with pullback at the open probably
01[09:27] {Threei}  BBRY takeover chatter
01[09:27] {Threei}  pathetic really
[09:27] {nemo} oh, those again...
[09:27] {nemo} my liver would be rotted if I took a drink every time I heard one of those
01[09:27] {Threei}  you don't?
[09:28] {RonS} plus that would double your input...
[09:28] {nemo} barely scratch the surface actually
[09:28] {RonS} :)
01[09:29] {Threei}  GDX... dropped prematurely... let's see if bounces for short
[09:29] {Les} MORNIGN
01[09:29] {Threei}  les :)
01[09:32] {Threei} Long Setup:  C  .10 break
[09:32] {dptl} gm
01[09:32] {Threei}  change to 49 break
01[09:32] {Threei}  dp :)
01[09:33] {Threei}  USD firms against the major pairs with real money accounts said to be buyers - dealers
01[09:34] {Threei}  1:1
[09:35] {ese} gm....late
01[09:35] {Threei}  nore from parents?
[09:35] {thomcbell} looking for short entry in ddd
01[09:35] {Threei}  note
[09:35] {Les} GDX
01[09:36] {Threei} Short Setup: GDX  30 break
[09:36] {nemo} rax
01[09:36] {Threei}  If holds  .10
[09:36] {nemo} .38 level
[09:37] {thomcbell} fast 0.50 cents in ddd with no setup - next
01[09:37] {Threei}  C 1:2
[09:37] {thomcbell} retarded
[09:37] {nemo} hah
[09:37] {nemo} guess .36 wasn't low enough to catch a short on drop of .38
01[09:38] {Threei}  out in full C
[09:39] {Will49} tks vad, good start
[09:40] {ese} L ne .71
01[09:40] {Threei}  Invalidated  GDX
01[09:41] {Threei}  SPY is green as if nothing happened
[09:41] {backman} C is back to entry
[09:42] {ese} out ne .91 +.20
01[09:42] {Threei}  should make new low, C
01[09:42] {Threei} Short Setup: C  .90 break hl
01[09:43] {Threei}  If holds  49
01[09:43] {Threei}  stop to .96
01[09:43] {Threei}  cover half
01[09:43] {Threei}  stop to .91
01[09:44] {Threei}  .80 might be tough to break
[09:44] {jdetente} covered the full thanks Vad
01[09:44] {Threei}  yw
01[09:45] {Threei}  ok... scalp it is
01[09:45] {Threei} Short Setup: GDX  .05 break
[09:48] {thomcbell} ddd wow
01[09:50] {Threei}  If holds  .15  of coyrse
[09:52] {ese} L ne .74
[09:55] {ese} out ne .87 +.12
01[09:55] {Threei} Short Setup: C  .95 break
01[09:56] {Threei}  If holds  49
[09:56] {nemo} gmcr 70
[09:56] {ese} ok....now i can talk.............how ya'll doing out there........
[09:57] {backman} u still like C?
01[09:57] {Threei}  no
01[09:57] {Threei}  Invalidated
[09:57] {ese} I like him in James Bond
[09:57] {backman} ese, I missed u man
[09:58] {ese} tks.......your the only one
[09:58] {Will49} i'm trying to keep it a secret
[09:58] {Will49} that i missed you
[09:58] {ese} Les despises me....nemo can't stand me...will puts up me......and vad just goes.....sheesh......it's my lot in life on this board
[09:59] {backman} it will get better ...just like my trading some day
01[09:59] {Threei}  noese, you are just fishing for extra portion of shishkebab
[09:59] {dino} ntwk sm l .44
[09:59] {nemo} I like you ese...I have compassion for the mentally ill
[10:00] {ese} indeed I am......indeed I am.........I may be stupid....but I'm not DAMN stupid
[10:00] {ese} lol
01[10:00] {Threei} Long Setup:  CAT  .20 break hl
[10:00] {Les} liberal = mentally ill?
[10:00] {ese} someone give me take on SLW here?
01[10:01] {Threei}  change to .10 break
01[10:01] {Threei}  If holds  90
01[10:04] {Threei}  no read on SLW here
[10:05] {ese} tks
01[10:05] {Threei}  SPY is somewhat nervous today
[10:05] {ese} thouhgt it was going to consolidate at .65 and then go.....no such luck
01[10:06] {Threei}  no go CAT
[10:07] {Les} back to 00 for 2 indexes
[10:07] {Les} vxx popping higher than yesterday
[10:08] {nemo} good place for index longs here
[10:08] {Les} db turned into stop rinse yesterday
[10:09] {robbers} GM, nice to see so many familiar names.  I'm here for a short time on a temporary visa. To trade mornings mostly.  Hi to all.
[10:09] {backman} morning
[10:09] {Will49} Hi
[10:09] {Will49} you recognize ese?
01[10:10] {Threei}  robbers, welcome back
[10:10] {robbers} Yep.
[10:10] {robbers} Thanks.
01[10:11] {Threei} Long Setup:  C  .80 break
01[10:11] {Threei}  If holds  .75
01[10:12] {Threei}  Invalidated
[10:12] {ese} ROBBERSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!! welcome back buddy
[10:13] {backman} GILD is green how atypical
[10:13] {robbers} Thanks man.
[10:13] {ese} I gotta get me one ah dem dare new fangol....tradin visa's
[10:14] {ese} ya tks will.......wha da ya mean recognise?
[10:14] {Will49} hehehe
[10:14] {dino} hey robbers
[10:14] {robbers} Hi dino, nice to see you again.
[10:15] {Will49} we need some action....nemo's not bugging Les
[10:15] {Will49} so I'm trying to fill the void :)
[10:15] {ese} lol
01[10:15] {Threei}  C is valid again
[10:15] {ese} tough act to follow ole les
01[10:15] {Threei}  with .72 stop
[10:16] {ese} or was that ole nemo.....nah......ole les and ole nemo........hmmmmmmm
[10:16] {cc_9} JAZZ needs volume, otherwise 15min looks nice
01[10:16] {Threei} Long Setup:  TNA  .30 break
01[10:16] {Threei}  If holds  .20
01[10:18] {Threei}  Invalidated
[10:18] {jdetente} meh no go C
01[10:19] {Threei}  (US) Fed's Evans (dove, FOMC voter): FOMC looks at both sides of its mandate, reiterates that the Fed could either increase or decrease QE purchases- It is critical that global banks maintain substantial capital cushions
01[10:19] {Threei}  jd?
[10:20] {jdetente} C triggered
[10:20] {jdetente} printed .81
01[10:20] {Threei}  [10:15] {Threei} with .72 stop
[10:20] {jdetente} .75
[10:20] {jdetente} no?
01[10:20] {Threei}  10:20] {Threei} [10:15] {Threei} with .72 stop
[10:20] {jdetente} oh shoot...didn't see second
01[10:20] {Threei}  SPY is weak again
01[10:24] {Threei}  what the deuce
[10:24] {Les} TNA 46
[10:24] {nemo} 162 bounce
[10:25] {nemo} oops, not reading it right .80
[10:29] {Les} tna .90 long if db to .80? market hesistation suggests potential bottom
[10:30] {Les} premarket lows in spy taken out
01[10:30] {Threei}  can't tell
[10:30] {Les} k
[10:30] {Les} iwm
[10:30] {Les} sorry
[10:31] {dino} boil drop
[10:33] {RonS} lanced?...sorry...
[10:34] {dino} sm l .90 boil
[10:34] {nemo} sucks ya' can't short tsla
[10:34] {RonS} ya
[10:34] {ese} L tol .36
[10:34] {dino} out boil .40, +.50
[10:34] {RonS} $100,000 electric cars...what could go wrong?
[10:35] {RonS} gj dino
[10:35] {dino} ty
[10:35] {dino} buy a lot of gas for 50k or so
[10:35] {nemo} tna good to .35 or so
[10:37] {RonS} tsla dude elon musk chairman of solar city...currently suing fed for $350 mil of solar subsidies...elon big dem contributor...most crony corrupt admin since US Grant
[10:38] {RonS} of=for
01[10:42] {Threei} Long Setup:  BBY  .70 break
01[10:42] {Threei}  If holds  .60
[10:44] {nemo} I would take some tna here
[10:45] {Les} alphaguru...rings a bell
[10:45] {nemo} ?
[10:45] {Les} not an alias?
[10:46] {Les} of whatshisname?
01[10:46] {Threei}  reshi
[10:46] {nemo} oh jeez
[10:46] {Les} thai net address
01[10:46] {Threei}  kidding
[10:46] {Les} one of the cc's?
[10:46] {nemo} fslr
[10:47] {Les} TNA above 3 min bb's. pullback to 46 low sould be nice here
[10:47] {thomcbell} long setup hlss 23.50 long break if holding 23.40
[10:47] {nemo} not expecting much of a pullback
[10:47] {ese} out tol .5706 +.2106...........one must strive to be accurate these days
[10:48] {Les} nice
[10:48] {ese} tks
[10:49] {dino} ddd sm l .00
[10:51] {thomcbell} ddd is a crazy stock
[10:51] {thomcbell} massive moves
[10:52] {jdetente} especially with that second equity offering after hours today
[10:52] {RonS} really? is it priced?
01[10:52] {Threei}  stop to .64
[10:52] {thomcbell} well it has held up incredibly well
[10:52] {jdetente} it will be priced I should say
01[10:53] {Threei}  3-D Systems Corp Anticipates pricing its previously announced, anticipated offering to sell shares of its common stock after the close of trading on the New York Stock Exchange on Thursday, May 9- On May 7, 2013, the company announced a proposed underwritten public offering of approximately $250M. In addition to the $250M from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3M shares in the offering. - 3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders
[10:53] {RonS} so, price in the ah today?
[10:58] {Les} IWM looking a lot stronger than SPY here. if spy lifts above 163 again
[10:58] {ese} L ddd .06 smallish
[10:58] {jdetente} 1:1 BBY
[10:59] {nemo} wdc gonna close gap
01[10:59] {Threei}  1:1
[11:00] {nemo} mnst
[11:00] {ese} out ddd .31 +.25
[11:02] {Les} sm tna . .42
[11:02] {nemo} nflx on disney deal, poor shorts
[11:02] {Les} cut half
[11:04] {robbers} Vad, thanks BBY.
01[11:06] {Threei}  :)
01[11:06] {Threei}  out in full
[11:09] {jdetente} out last piece at .95. Thanks Vad
01[11:10] {Threei}  yw
01[11:10] {Threei}  had me hesitating a tad when couldn't break .75 for a good while
[11:11] {Les} I thank you for the setup, but late in taking my drugs, forget to set an exit
[11:11] {Les} started overthinking, so drugs not entirely to blame
[11:11] {Les} shut up nemo
[11:12] {Alexs} why didn't u stop on trail after 1:1 Vad?
[11:12] {Les} and got cold virus again. curse europe's weather
[11:12] {Will49} was wondering that too
[11:12] {patel} Yeah, I got trail stopped after 1;1
[11:12] {Will49} after 1:1 i trailed stop to .69
[11:13] {Will49} and stopped out
[11:13] {Les} bb's tigthening on indexes
[11:13] {ese} L ddd .18
[11:14] {ese} trying to drive the price up for dino
[11:14] {ese} anything for a friend eh
[11:14] {Les} price arbitrage. iwm up spy down
[11:15] {Les} tna 1:2 stop to .50
[11:15] {dino} ddd to .35
[11:15] {dino} out +.35
01[11:16] {Threei}  because of a frikin phone call
01[11:16] {Threei}  just now saw that it did tag the trailing stop
[11:16] {Will49} lol
[11:17] {jdetente} that drop after hitting 1:1 was quick...I had walked away
01[11:17] {Threei}  not good really
[11:17] {Will49} your lucky day Vad
01[11:17] {Threei}  well, yeah, but this is not the way to trade
01[11:17] {Threei}  sometimes administratibe stuff gets in the way
[11:17] {Les} CAT too mornign resistance here
[11:17] {Les} nice cup CAT
01[11:18] {Threei}  more than that... I haven't seen your questions in the room about it
01[11:18] {Threei}  got a dcc from one of members who asked the same question, and only after that saw it
06[11:18] * Threei hangs his head in shame
[11:19] {Will49} Guru is human :)
[11:19] {ese} out ddd .34 +.16
06[11:19] * Les furiously scribbles down this account for future reference
[11:23] {Les} tna to .60
[11:25] {nemo} disconnect between iwm spy and fas
[11:29] {Les} tna to .70
[11:32] {Les} stopped +.27 TNA
[11:34] {Les} IWM rode it's 3 min bb's up to premarket resistance. should have shorted
01[11:34] {Threei} Short Setup: C  .50 break
01[11:34] {Threei}  If holds  .60
01[11:50] {Threei}  ese, dcc please
[11:53] {dino} out ntwk .74, +.30
[11:53] {nemo} kss in bounced territory
01[12:06] {Threei}  not liking that C ignores SPY drop
[12:07] {nemo} gmcr
01[12:08] {Threei} Short Setup: SBUX  .20 break
01[12:08] {Threei}  If holds  .30
01[12:11] {Threei}  no go C
[12:12] {stevw} how do you like that c&h on FCX?
[12:13] {RonS} fb rip
[12:13] {nemo} fb jump on cooperman saying he'ss long, get ready dino
[12:14] {stevw} i had an .02 bid on the FB retest, but didn't get taken
01[12:18] {Threei}  FCX, I like the chart
01[12:18] {Threei}  not sure SPY cooperates
01[12:19] {Threei}  Cooperman merely said he "continues to hold"
01[12:19] {Threei}  shrug
[12:20] {Alexs} where is entry on fcx?
01[12:20] {Threei}  33.05 would be C&H break
[12:21] {Alexs} tu
01[12:21] {Threei}  with this SPY drop, I am not sure it's worth it
[12:21] {Alexs} k
[12:21] {stevw} coiuld be interesting if it now claws back up to form smaller secondary c&h
01[12:22] {Threei}  come on SBUX, couigh up couple more cents
01[12:24] {Threei}  1:1
[12:25] {jdetente} there we go
[12:26] {stevw} out of last half of BBY - tried to let it run, but settled for a match of the first half - many thanks vad!
01[12:27] {Threei}  yw
01[12:34] {Threei}  you may get your wish, stev
01[12:35] {Threei}  FCX starts evening out and consolidating
[12:35] {stevw} keeping a close eye on it
[12:37] {nemo} bidu two way here
[12:37] {stevw} c'mon sbux, let's have a big spill
[12:38] {nemo} long
[12:38] {nemo} finnies spx trying to push higher
01[12:41] {Threei}  I like how it stays at the lows while SPY tries to bounce
01[12:41] {Threei}  and I don't like their coffee
[12:41] {thomcbell} tsla shocking explosion off the low
[12:43] {stevw} you didn't laugh at my electric car joke, so don't expect a laugh from me
01[12:44] {Threei}  I must've missed it... lemme scroll
[12:44] {stevw} it was a weak early morning attempt
01[12:45] {Threei}  hmmm... OK, I found it...
01[12:45] {Threei}  luck of caffein in your blood can be an exuse :)
[12:45] {stevw} sure, let's go with that
01[12:46] {Threei}  just please, whatever you do, do NOT try to fix it with SBUX coffee
[12:46] {jdetente} you prefer Green Mountain Vad??
01[12:46] {Threei}  it's not even an excuse for coffee
01[12:46] {Threei}  meh
[12:46] {jdetente} hehe
01[12:47] {Threei}  buy java colombia beans, grind them, brew a real coffee in, umm, what's the english for it
01[12:47] {Threei}  cezve
[12:47] {thomcbell} how do u get those Vad
01[12:47] {Threei}  Costco sells them here in Canada
01[12:48] {Threei}  vacuum packed, very fresh
[12:48] {thomcbell} http://images.costco.com/image/media/350-677981-847__1.jpg
[12:48] {thomcbell} oh no thats ethiopian
[12:49] {RonS} seeing an ad elsewhere for a $2500 bitcoin miner...wtf?
01[12:49] {Threei}  lol
[12:50] {jdetente} I like Illy's coffee (espresso) myself
01[12:50] {Threei}  just forget those machine brews, whether traditional or single cup, that's not coffee at all
01[12:51] {Threei}  drop ones I mean
01[12:51] {Threei}  drip
[12:51] {jdetente} drip
[12:53] {Alexs} CAT short .40?
01[12:54] {Threei}  not sure about CAT...
01[12:54] {Threei}  it usually works niely on this kind of setup
01[12:54] {Threei}  but last few days it's just imossible
[12:54] {Les} GDX another prospective breakout candidate at .95
01[13:04] {Threei}  lol, local news tweet:
01[13:04] {Threei}  Apologies go out to Vic-Beacon Hill candidate John Shaw of the Communist Party. The News misstated his name in our May 8 questionnaire.
01[13:04] {Threei}  did they call him Karl Marx?
01[13:05] {Threei}  friking SBUX remained a scalp
[13:05] {Will49} That;s my riding Vad
[13:05] {jdetente} day of the scalp...
[13:05] {Will49} now I've got an alternative to Libs and NDP :)
01[13:05] {Threei}  don't tell me it's your pseudonim
[13:05] {Will49} busted!
01[13:06] {Threei}  SPY went green
01[13:07] {Threei}  FCX remains indifferent though
[13:07] {Les} c .75 long holding .70?
01[13:07] {Threei}  50/50...
[13:07] {Les} k
01[13:09] {Threei}  CAT would have stopped that entry
[13:10] {Alexs} yes tu
[13:12] {Les} fcx .05 long?
[13:12] {Les} holding .95?
[13:13] {RonS} tsla loaded up some shorts and now driving them over the cliff
[13:13] {RonS} lucky here...thank god no shares to short...
01[13:14] {Threei}  yes FCX
01[13:15] {Threei}  TSLA is a total squeeze, yeah... Consumer Report added fuel to the fire
[13:15] {nemo} charge to the battery
[13:15] {stevw} zapped it
[13:16] {stevw} we're still doing electric car jokes, eh
[13:16] {jdetente} I see those money pits driving around every once in a while...just shake my head
[13:16] {nemo} call that a a joke stevw?
[13:16] {Alexs} stop fcx .95?
[13:17] {jdetente} .94
[13:17] {stevw} about as good as mine get
[13:17] {backman} any thought on shorting GDX on break of curent low?
01[13:17] {Threei}  yes, just under
01[13:17] {Threei}  GDX... hmmm
01[13:18] {Threei}  .74 you have in mind, bman?
[13:18] {backman} therabouts....74/.73
01[13:22] {Threei}  with .81 stop
[13:22] {backman} sure
[13:28] {backman} if it fails here, i'm gestimating .50's ...
[13:29] {Will49} no gesticulating though
01[13:29] {Threei}  .45 my target
[13:29] {backman} keep ur hands to yourself will
[13:30] {Les} nice one b. missed it for doing dinner
[13:30] {Will49} :)
01[13:31] {Threei}  1:1
01[13:32] {Threei}  sigh
01[13:32] {Threei}  another scalp
[13:33] {backman} and so it goes
[13:33] {Les} grind up....
01[13:39] {Threei}  gring FCX, grind
[13:41] {backman} that spike on GDX just fels like a short stop..no followthru
[13:41] {backman} right back at same trigger
01[13:44] {Threei}  chop chop
[13:44] {Alexs} C long .80?
01[13:44] {Threei}  this SPY push should take FCX to 1:1
[13:44] {Will49} puuuuuush
01[13:44] {Threei}  C, yes
[13:45] {backman} JPM in here?
01[13:45] {Threei}  hate the way this thing trades today but this setup is a must
[13:45] {jdetente} 1:1 FCX
01[13:45] {Threei}  1:1 FCX
01[13:46] {Threei}  JPM, this one I'd rather skip
[13:47] {ese} Don't know if you all are noticing this but a lot of small caps moving to me indicating the last part of a bull run
01[13:47] {Threei}  ese, look dcc pls
[13:48] {Les} e.g., ese?
01[13:50] {Threei}  mazon Developing Smartphone With 3-D Screen
01[13:50] {Threei}  sounds about right... how long should we put up with this 2F crap
01[13:50] {Threei}  2D
[13:51] {Les} bring 3D goggles and virtual keyboard into the living room and I'll be impressed
01[13:51] {Threei}  if buddy sends me a video of his dog humping his stuffed toy, how am I supposed to enjoy it wiithout 3D?
[13:52] {dptl} lol
[13:52] {Les} ugh
[13:52] {Les} all the uses for the technology right...
[13:52] {Will49} pretty low-level porn Vad
[13:52] {Les} lol
01[13:52] {Threei}  what can I do... each of us has his ceiling, right?
[13:53] {Will49} :)
01[13:53] {Threei}  ese, you here?
[13:53] {Will49} everybody's gotta be someplace
06[13:54] * Threei slaps ese around a bit with a pokes ese with hypodermic needle full of strong coffee brew
[13:54] {Les} GDX might drop for real here. some consolidation would be nice
01[13:54] {Threei}  hmmm... that was complicated move
[13:54] {stevw} so much for existentialism
01[13:55] {Threei}  FCX, give us 1:2
01[13:55] {Threei}  yesss
[13:55] {jdetente} good timing
01[13:55] {Threei}  C mercifully never trigered
[13:55] {Les} got it. now one more
[13:56] {dino} fxy drop
01[13:56] {Threei}  what else is new
[13:56] {Les} GDX bouncing around here
01[13:56] {Threei}  FXY does nothing but drops last few months
[13:56] {Les} DB?
01[13:56] {Threei}  but yeah, this is sharp dive
01[13:57] {Threei}  what about DB?
[13:57] {Les} GDX
[13:57] {Les} strange
[13:57] {Les} but looks like DB
[13:58] {Les} or just new range developing
01[13:58] {Threei}  re: FXY:
01[13:58] {Threei}  US Dollar vs Japanese Yen USD tests above �100; first time since April 2009
01[13:58] {Threei}  no, GDX isn't
[13:58] {Les} k
01[13:58] {Threei}  and I looked at symbol DB becxause of you
[13:59] {jdetente} I thought he was calling you names...
01[14:00] {Threei}  he does, under his breath
01[14:00] {Threei}  I take it as a given
[14:00] {jdetente} is C still on table or has it given us enough hell today already?
01[14:01] {Threei}  I hate it today but the chart is too good... I am torn
[14:01] {jdetente} half lot?
01[14:01] {Threei}  good compromise
01[14:02] {Threei}  let's: a) take it, b) limit it to hl and c) swear at it all the time the trade lasts
[14:02] {jdetente} d) if it doesn't work use good hot sauce for keyboard
01[14:03] {Threei}  can't frikin believe it
01[14:03] {Threei}  the lens I was hunting for during last few months, usually costing about $1300, popped up on Ebay for 800
01[14:03] {Threei}  I hoped for 1000
01[14:04] {Threei}  snatched it within 5 minutes after it was posted :)
[14:04] {stevw} what one?
01[14:04] {Threei}  Zuiko 7-14
[14:04] {stevw} macro?
[14:04] {Les} hoped?
[14:04] {stevw} never heard of it
[14:04] {Les} you offered 1000 on the spot?
01[14:04] {Threei}  bought it for 800
01[14:05] {Threei}  ultrawide, super high grade, water proof, amazing optics
[14:05] {Les} we seen what it does yet?
[14:06] {stevw} oh, olympus
01[14:06] {Threei}  http://www.cameralabs.com/reviews/OlympusE714mm/
01[14:06] {Threei}  I just bought it, Les
01[14:06] {Threei}  widest I had was 9-18
[14:09] {Les} GDX...
[14:13] {Will49} well...off to mainland, see you all next week
[14:13] {Will49} and good luck
[14:14] {Alexs} Vad what is a size of standart lot in price range we trade?
01[14:14] {Threei}  take care will, have fun
01[14:14] {Threei}  1000 shares, Alex
[14:14] {Alexs} ty
[14:14] {Les} cheers wiull
01[14:15] {Threei}  unless you are ese
01[14:15] {Threei}  he doesn't recognize anything under 5K
01[14:15] {Threei}  with dino/cipher trades it's less of course
[14:15] {Alexs} :O
01[14:15] {Threei}  their stops are wider
[14:17] {Les} damn 2 min at table and FXY is off
[14:20] {Les} RIG flirting with 55 but not setup I see
[14:22] {Les} LVS just broke down short bounce into resistance here?
01[14:22] {Threei}  hl
01[14:23] {Threei}  on .40 recross
[14:24] {Les} c broke south
[14:26] {dino} fslr spike
[14:29] {dptl} FIO .70 short?
01[14:30] {Threei}  nah
[14:32] {dptl} VLO .50 long?
01[14:32] {Threei}  die LVS
[14:32] {patel} What was the entry on LVS
01[14:32] {Threei}  short
01[14:33] {Threei}  14:22] {Threei} hl
01[14:33] {Threei}  [14:23] {Threei} on .40 recross
01[14:33] {Threei}  no VLO
[14:34] {Les} short C .69 small
[14:37] {Les} c covere half .61
[14:38] {Les} paretial cover lvs ty
01[14:38] {Threei}  1:1
01[14:38] {Threei}  LVS owed us
01[14:43] {Threei}  here is a head-scratcher:
01[14:43] {Threei}  Google Inc Apple is said to have been awarded a court order against Google in ongoing patent suit against Samsung
01[14:43] {Threei}  who sues whom for what against whom?
01[14:44] {Threei}  and here is one content guy:
01[14:44] {Threei}  Fed's Plosser: Not worried about the slowing pace of inflation, not worried about disinflation
[14:44] {nemo} hey dino, you should trade dust
01[14:45] {Threei}  you mean Greece?
01[14:45] {Threei}  I remember Moody's downgrading then to dust recently
[14:48] {Les} C stop to .60
01[14:48] {Threei}  lol, what's with guy trying to connect recently without even registering for a trial
01[14:48] {Threei}  guys
[14:48] {nemo} http://bit.ly/147bKla
[14:49] {dino} why dust nemo?
[14:49] {nemo} look how much it moves, and it's low volume, your kinda' stock
[14:49] {nemo} or etf as the case may be
[14:50] {dino} yeah 5 buck range
[14:50] {dino} whoa 9 buck
[14:50] {nemo} sportin' wood there kid?
[14:50] {dino} lol
01[14:51] {Threei} Long Setup:  GLD  .30 break hl
01[14:51] {Threei}  If holds  .20
01[14:52] {Threei}  LVS baby
01[14:52] {Threei}  1:2
01[14:52] {Threei}  Invalidated  GLD
01[14:52] {Threei}  fpr now
[14:52] {Les} c covered .51
[14:52] {Les} lvs partial 1:2
01[14:52] {Threei}  wtg
[14:53] {Les} ty
[14:54] {backman} followed your earlier comment re: JPM weakness...after I dumped my long....flipped it short :=)
01[14:54] {Threei} Long Setup:  GLD  141 break hl
01[14:54] {Threei}  If holds  .90
01[14:55] {Threei}  good one bman :)
01[14:56] {Threei}  what pulled rug from under the market
[14:56] {nemo} could get a bounce here
01[14:56] {Threei}  bounce time GLD, wake up
01[14:57] {Threei}  nope
01[14:58] {Threei}  wow
01[14:58] {Threei}  what the deuce
[14:58] {jdetente} seriously
[14:58] {jdetente} weird day
[14:58] {nemo} article saying Bennie gonna' take the foot off the pedal
01[14:59] {Threei}  as if anyone knows
[14:59] {nemo} know shit
[15:00] {nemo} no pun intended
[15:00] {Les} LVS covered +.37
01[15:00] {Threei}  my belief is, yes, sooner or later for this or that reason they will have to do that,
01[15:00] {Threei}  and all hell will break loose,
01[15:00] {Threei}  but the timing is up to anyone
[15:01] {Les} god wu wei is so important sometimes. so tempted to reign in these trades for scalp and BAM! they work
01[15:01] {Threei}  closed LVS at 1:3 btw
01[15:01] {Threei}  look at the chart
01[15:01] {Threei}  if that's not a calssic
01[15:01] {Threei}  our short entry I mean
[15:01] {nemo} ay calassic?
06[15:02] * Threei slaps nemo around a bit with a dictionary of Threeiish
[15:03] {nemo} now those are big boy bars in SPY
[15:04] {Les} TNA back to 46 for a potential DB
01[15:06] {Threei}  http://goo.gl/5rZ4L
[15:06] {nemo} what chart that in?
[15:06] {nemo} program that is
[15:12] {Les} Uncle Buck ruining everyone's day. no news?
[15:13] {nemo} mmmmmhhhh....had the same thought about you
01[15:13] {Threei}  rofl
01[15:13] {Threei}  no, USD strength was noted from the morning
01[15:14] {Threei}  but I will beg to differ about tuining EVERYONE's day
[15:14] {nemo} you talking about the $ or Les?
01[15:14] {Threei}  I for one can't waith till this slow creep-ip crap is over, and we crash
[15:14] {nemo} yeah, and hopefully I'm short
[15:16] {Les} hehe not bad bunny boy
[15:17] {Les} yeh surviving the grind without burning myself, being ready for the blood is the goal
[15:18] {nemo} lotsa futures buying going on
[15:19] {nemo} trying to get this thing back up
01[15:19] {Threei}  they will
01[15:19] {Threei}  bull market is far from over
[15:19] {nemo} methinks 2
01[15:19] {Threei}  these drops are just testing of the watwer
01[15:20] {Threei}  luring in suckers that think they need to be short before the actual reverrsal
[15:20] {nemo} yeah, they'll hold this up through op ex, then see what happens
01[15:20] {Threei}  killing them by new highs
[15:21] {dptl} Vad, you still using old version of laser?
01[15:21] {Threei}  yes
01[15:22] {Threei}  what they don't get is,
01[15:22] {Threei}  Fed is not going to change the policy willy-nilly
01[15:22] {Threei}  they will do that only when pressed in the corner
01[15:22] {Threei}  or when political climate changes
01[15:22] {Threei}  and different ideology comes to rule the day
01[15:23] {Threei}  who wrote that article nemo? I missed it
[15:26] {nemo} not sure
01[15:28] {Threei}  GLD bounce hasn't really offered clear entry chance
[15:33] {Alexs} gdx l. 30?
01[15:33] {Threei}  yes, but let's do half lot
[15:33] {nemo} need consolidation, you're lat to the party
[15:33] {nemo} late
01[15:33] {Threei}  still
01[15:34] {Threei}  eod should bring sme covering
[15:34] {nemo} 30.15 then .30.25 possible
[15:34] {nemo} indexes in short setups though
01[15:37] {Threei}  well, GDX acted for a long while as a hedge to SPY
01[15:37] {Threei}  not today though
01[15:37] {Threei}  so it's kind of hard to judge to which degree we can use index as a leader
[15:37] {nemo} which index?
01[15:38] {Threei}  SPY
[15:38] {nemo} I look at spy finnies and iwm
01[15:38] {Threei}  you must have too many eyes
[15:48] {dino} gn all
01[15:48] {Threei}  take care dino
[15:50] {dptl} gn all see ya tomorrow
01[15:51] {Threei}  you too dp
01[15:52] {Threei}  meh
01[15:52] {Threei}  Ok guys, thank yiu all
[15:53] {jdetente} have a good one.
01[15:53] {Threei}  have a good evening, see you tomorrow
[15:53] {Alexs} ty see you tomorrow