Wednesday, May 29, 2013

May 29 2013

Classic DBI setup, total textbook:


Decent day, with somewhat shaky start that was righted by the string of profitable trades throughout the session.

Session Time: Wed May 29 00:00:00 2013
[08:38] {ese} morning
[08:39] {ese} vad if your there.....i need my user and password for intelliscan.....had to buy a brand new computer and am having sign in issues with it
01[08:43] {&Threei}  see dcc, ese
[08:45] {thomcbell} gm all
01[08:45] {&Threei}  tbell :)
[08:57] {stevw} g'mornin gang
[08:58] {dino} gm
[08:59] {dptl} gm
01[08:59] {&Threei}  stec, dino, dp :)
[09:00] {Les} do i spy with my little eye DT's in index futures?
[09:00] {Les} gm
01[09:00] {&Threei}  les :)
[09:03] {stevw} les, i take it you look at some sort of aggregated chart of futures?
[09:05] {Les} http://www.finviz.com/futures.ashx
[09:05] {Les} I see twin tops and Japan crashing
[09:06] {Les} we shall see
[09:07] {_fish_49} GM all
01[09:08] {&Threei}  fish :)
[09:08] {_fish_49} anything on the radar this am?
[09:09] {stevw} thanks les.  if i'm looking at it right, i see possible DTs in the stock indices and some currencies
[09:11] {dino} yes, ngg, sfd, gps, fl
[09:12] {dino} cx sfd
[09:14] {jdetente} good morning guys...
01[09:15] {&Threei}  jd :)
[09:15] {_fish_49} jd
[09:15] {Alexs} gm
01[09:15] {&Threei}  alex :)
01[09:16] {&Threei}  interesting piece from yesterday about Tesla
01[09:16] {&Threei}  Tesla didn’t make any money selling cars last quarter, but they made money selling emissions credits
01[09:16] {&Threei}  Tesla didn’t generate a profit by selling sexy cars, but rather by selling sleazy emissions “credits,” mandated by the state of California’s electric vehicle requirements. The competition, like Honda, doesn’t have a mass market plug-in to meet the mandate and therefore must buy the credits from Tesla, the only company that does. The bill for last quarter was $68 million. Absent this shakedown of potential car buyers, Tesla would have lost $57 million, or $11,400 per car. As the company sold 5,000 cars in the quarter, though, $13,600 per car was paid by other manufacturers, who are going to pass at least some of that cost on to buyers of their products. Folks in the new car market are likely paying a bit more than simply the direct tax subsidy.
01[09:16] {&Threei}  un-frikin-belieavable
[09:17] {Les} WTF
[09:17] {Les} and here I thought they were the real deal
[09:17] {dino} saw something like that last week. another govt feel good screw up
[09:17] {Les} another friken washington shake down
[09:18] {Les} speaking of screw ups
01[09:18] {&Threei}  I didn't think so for a second les
01[09:18] {&Threei}  no electric car has been profitavle yet
[09:18] {backman} gm
01[09:18] {&Threei}  bman :)
[09:18] {Will49} gm
[09:18] {nemo} tsla is an internet stock
01[09:19] {&Threei}  will :)
01[09:19] {&Threei}  TSLA is KTEL
[09:19] {Les} [15:16] {&Threei}  Tesla didn’t make any money selling cars last quarter, but they made money selling emissions credits
[09:19] {Les} [15:17] {&Threei}  Tesla didn’t generate a profit by selling sexy cars, but rather by selling sleazy emissions “credits,” mandated by the state of California’s electric vehicle requirements. The competition, like Honda, doesn’t have a mass market plug-in to meet the mandate and therefore must buy the credits from Tesla, the only company that does. The bill for last quarter was
[09:19] {Les} $68 million.
[09:21] {dino} gmcr drop
[09:26] {dino} tm drop
[09:26] {cipher} gm
01[09:27] {&Threei}  cipher :)
01[09:31] {&Threei} Short Setup: GDX  .40 break
01[09:31] {&Threei}  If holds  .50
01[09:32] {&Threei} Short Setup: GDX  .50 break
01[09:32] {&Threei}  If holds  .55
01[09:35] {&Threei}  1:1
[09:35] {jdetente} giddyup
01[09:36] {&Threei}  you mean giddydown
01[09:36] {&Threei}  GDX is a specual case :)
[09:36] {robbers} Out GDX, nice call, Vad.
[09:37] {_fish_49} out also  thanks VAD
[09:37] {dino} ngg sm l .82 stop lod break
01[09:37] {&Threei}  yw
[09:37] {_fish_49} .50 break and if holds .55 means 5 cents 1:1  right?
01[09:38] {&Threei}  formally yes, but we usually aim for 10 cents anyway, since 5 cents scalp would require scalp type I shares
[09:38] {_fish_49} ty
01[09:38] {&Threei}  it's more of an aggressive type of entry
[09:39] {_fish_49} I see
01[09:39] {&Threei}  lower odds of workming, higher r/r ratio
[09:39] {_fish_49} so I took 1:2  lol
[09:39] {thomcbell} mon on short watch
[09:39] {thomcbell} dead for sale at open
[09:39] {thomcbell} after earnings
01[09:39] {&Threei}  for simplicity sake, we just call it 1:1, lest it sounds like instruction to take profit at formal 1:1
[09:40] {Alexs} what about trailing stops?
[09:40] {_fish_49} so in most case even if stop is 5 cents off we still look for 10 cents?
[09:41] {jdetente} yes fish
[09:42] {Les} unless u wanna cough up for 2 - 3k shares and do .05 of profit see vad's site
[09:42] {Les} wanna take any pullback tza offers here
[09:42] {Les} .90 was it
[09:43] {_fish_49} thanks for the recommendation Les  I will see Vads  site lol
01[09:43] {&Threei}  in most cases same thing alex
01[09:43] {&Threei}  sometimes stops are trailed in a bit different way
01[09:43] {&Threei}  but I always alert about those cases
[09:44] {thomcbell} looking to short a spike back above 140.30 in mon
[09:44] {thomcbell} 104.30
01[09:45] {&Threei} Short Setup: JPM  .25 break hl
01[09:45] {&Threei}  If holds  .35
01[09:46] {&Threei}  meh
[09:46] {dino} ngg to .12
01[09:46] {&Threei} Short Setup: SLW  .50 break
[09:47] {+cc_9} C new session highs
[09:47] {+cc_9} BAC same
[09:48] {Les} short jpm .49 holding .55
[09:48] {dino} ngg to .22
01[09:50] {&Threei}  If holds  .56
01[09:50] {&Threei}  .55
[09:50] {Les} JPM covered .54
[09:51] {dino} out ngg .22, +.40
[09:51] {dino} fl sm l .00
[09:52] {Les} tza .27 long
[09:52] {Les} holding .15
[09:52] {nemo} FB good bye
[09:53] {thomcbell} watching for a setup on mon - right now nothing
01[09:53] {&Threei}  out SLW
[09:55] {Les} inverse head and sholulders defvelopeing spy
[09:56] {dino} sbra drop
01[09:58] {&Threei} Short Setup: C  .30 break
[09:58] {Les} already in
[09:58] {Les} .33
[09:58] {Les} holding .45
01[09:58] {&Threei}  If holds  .40
[09:59] {dino} nly drop
[09:59] {dino} reits taking hit this week
[10:00] {Les} half covered
01[10:00] {&Threei}  wtf
[10:01] {jdetente} hmmmm
[10:01] {jdetente} my keyboard does not taste good
[10:01] {nemo} finnies relative strength, however IWM just above Weekly Pivot, SPY just below, Finnies just below
[10:01] {Les} tza stopped out
[10:01] {Alexs} we still have "fur boots" vad
01[10:01] {&Threei} Long Setup:  FB  .60 break
01[10:02] {&Threei}  lol
01[10:02] {&Threei}  If holds  .50
[10:02] {thomcbell} tsla got close to pivot
[10:03] {thomcbell} and there it is
[10:03] {dino} gps sm l .94
[10:08] {Les} tza .12 last go
[10:09] {Les} half out
[10:09] {Les} the etf has a setup and I get paid when I obey it
01[10:10] {&Threei}  Invalidated  FB
[10:10] {Les} die FB
[10:10] {Les} and take Zuckerguy with ya
[10:10] {dino} lol
[10:12] {Les} spy might grind on us here
01[10:12] {&Threei} Short Setup: MCD  .30 break hl
01[10:13] {&Threei}  If holds  .40
01[10:14] {&Threei}  1:1 was easy
[10:14] {Les} dont jinx it vad
[10:14] {nemo} you are one by nature
[10:14] {Les} not bad
01[10:14] {&Threei}  1:2 not much hardwer
[10:14] {Les} out .05 ty
[10:15] {_fish_49} out here  thanks vad
[10:15] {Will49} good one Vad
01[10:15] {&Threei}  yw
[10:15] {Will49} finally, eh?
01[10:15] {&Threei}  well, this one was so textbook chart, if that didn't work I would have to eat leyboards of all my neighbors
[10:16] {Les} :)
[10:16] {Will49} lol
01[10:16] {&Threei}  as DBI as they only get
[10:16] {Les} interesting to see this week or two of difficulty
[10:16] {Les} and sensing market change or potential for it
[10:17] {nemo} cipher, you shorting tsla?
[10:17] {Les} tza 2H stopped flat
[10:17] {Les} market trying to hold on here
01[10:17] {&Threei}  happens now and then... you just muddle through it, controlling your risk and adjusting
[10:17] {Les} yeh my chart of previous engagement with you
[10:18] {Les} shows 500 dollar down days
[10:18] {Les} no adustment
[10:18] {Les} no risk control
01[10:18] {&Threei}  yikes
[10:18] {nemo} another short setup mcd
[10:18] {_fish_49} read the book Les
[10:18] {_fish_49} lol  I just had to
[10:18] {nemo} that's the problem fish
01[10:18] {&Threei}  hehe
01[10:18] {&Threei}  out in full .80
[10:18] {Les} oh my
01[10:18] {&Threei}  +.50
[10:18] {Les} nice score
[10:18] {dino} gj
[10:19] {_fish_49} I needed that  Thanks VAD  thanks MCD  I will eat a big mac for lunch today
01[10:19] {&Threei}  yw, lol
[10:19] {Les} fish never knew that I needed strong drugs until recently
[10:19] {Les} keeps me coherent
[10:20] {Will49} matter of opinion
01[10:20] {&Threei}  lol
[10:20] {Les} all is relative
[10:20] {Will49} your relatives incoherant too?
[10:21] {jdetente} Will is on a roll
[10:21] {dino} lol
[10:21] {Les} explains a lot of family history
[10:21] {Will49} i get mean when so much red on trade log
[10:21] {Will49} :)
[10:21] {Will49} already have a sunburn
[10:22] {Les} tza looking like a pennant thingy
[10:22] {Les} just made a 3rd higher low
[10:22] {Les} could be break coming
[10:22] {_fish_49} missing a pole
[10:23] {Les} I need more screen space
[10:23] {nemo} not sure that's true les
[10:23] {Les} kaboom TZA
[10:24] {nemo} why don't you just short IWM?
[10:24] {Les} matter of 2 time frames
[10:24] {Les} potential tna long
[10:24] {Les} .50
[10:24] {nemo} complicated fellow aren't you
[10:24] {Les} if holding .40
[10:25] {Les} no
[10:25] {Les} happy to jump back on TZA again
[10:25] {Les} but needed 1 min chart for entry, while watching 3 min chart
[10:25] {Les} while trading vad's setups
[10:25] {Les} putting 4th screen back on this weekend
[10:26] {Les} mission accomplished as Vad put it to me
[10:26] {Les} visual recognition works
[10:26] {Les} TZA bull pennant or flag
[10:26] {Will49} good thing you don't have to pay per entry on this discussion board Les
[10:26] {jdetente} hehe
[10:26] {Les} #floor
[10:27] {Les} its free too
[10:27] {Les} :P
[10:27] {nemo} good for him, bad for us
[10:28] {Les} tna potential boucne at 49 or thru .25
[10:28] {Les} if holding .15
[10:29] {Les} scalped
[10:30] {robbers} MCD offering Happy Meals for shorters.
[10:30] {nemo} cute
[10:30] {Will49} good one robbers
[10:30] {Les} bart simpson style?
[10:35] {dino} rprx drop
[10:36] {thomcbell} looking for a long setup in splk here
[10:36] {thomcbell} long small 44.55
[10:36] {thomcbell} splk
01[10:37] {&Threei}  TSLA Hearing recent weakness attributed to circulation of chatter that it could be a short idea for an activist investor
[10:37] {thomcbell} and more formal setup 44.59 break if holding 44.50
01[10:37] {&Threei}  huh?
01[10:37] {&Threei}  this is one strange headline
[10:37] {thomcbell} recent weakness as in last 60 minutes
[10:37] {thomcbell} retarded
[10:37] {Les} thought activists were already shorting it
[10:37] {Les} and getting killed
01[10:37] {&Threei}  what the deuce is activist investor?
[10:38] {dino} me. i am active
[10:39] {nemo} the term has gravitas
[10:39] {dino} athn sm l .53, pulp type
[10:39] {Les} like its politically correct to short?
[10:39] {dino} pci drop
[10:39] {Les} when one is activist
01[10:42] {&Threei} Short Setup: CAT  ,80 break hl
01[10:43] {&Threei}  If holds  .90
01[10:44] {&Threei}  what's with SPY rug pulls today
[10:44] {dino} gps stop .71 -.23
01[10:44] {&Threei}  on no news
[10:44] {nemo} think this is Japan
01[10:44] {&Threei}  overall minus, yes
01[10:45] {&Threei}  these sudden drops is what I mean
[10:45] {nemo} don't need much in this rarified air
[10:47] {Les} GDX
01[10:48] {&Threei}  meh
[10:48] {jdetente} wtf
[10:48] {jdetente} frustrating
01[10:48] {&Threei}  very random
[10:48] {Les} short GDX .69 hlding .80
[10:51] {Les} cover GDX half 1:1
[10:51] {Les} l tna
[10:51] {jdetente} nice...took that one too Les
[10:51] {Les} half out
[10:51] {Les} quarter GDX here
01[10:52] {&Threei}  wtg
[10:52] {Les} last quarter tna stopped flat
[10:52] {Les} ty
[10:52] {nemo} fb coming into short territory again
[10:54] {thomcbell} gap fill on tsla
[10:54] {RonS} rkus blood
[10:54] {thomcbell} holy christmas
[10:54] {Les} tna dirty rinser
[10:54] {Les} my fault incorrect entry
[10:55] {dino} athn reload .62
[10:56] {dino} out .01, +.39
[10:57] {dino} axll drop
[10:59] {dino} sm l .99
[10:59] {+cc_9} anyone looking for a bounce SPY ?
[11:00] {nemo} looking, don't see it yet
01[11:00] {&Threei}  nope, it;s looks like beginning of panic
01[11:00] {&Threei} Long Setup:  TZA  32 break
01[11:00] {&Threei}  If holds  .90
[11:00] {nemo} shorting in the hole, ayy...
[11:00] {RonS} McClellan near -70...needs to go -80...
[11:00] {Les} ballsy move
[11:01] {Les} I'm in, but not happy
[11:01] {Les} but happiness ain't everthibng
01[11:01] {&Threei}  gosh... feelings
[11:01] {Les} hehehe
[11:01] {Les} remembering someone said
[11:01] {stevw} crap, just missed the short entry on C
[11:01] {Les} oversold can become oversolder can become oversoldest
[11:02] {Les} 1:1 ty
[11:02] {dino} buy the dips, imo
01[11:02] {&Threei}  1:1
01[11:02] {&Threei}  happy now?
[11:02] {Les} no
[11:02] {Les} keeping emotions in check
[11:03] {Les} :P
01[11:03] {&Threei}  oh ok... you chose to let them run wild at the start of the trade but reign them in at the end, lol
[11:03] {_fish_49} Page 32 of the book
[11:03] {dino} athn sm l .85
01[11:03] {&Threei}  smack him with that book fish
[11:03] {Les} what book?
[11:03] {Les} don't need no stinking book
01[11:03] {&Threei}  any book
[11:03] {_fish_49} see what book?
[11:04] {Les} tna 48 for a potential bounce
[11:04] {_fish_49} Techniques of Tape Reading
[11:04] {Les} oh, that book
[11:04] {Les} one of the few trading books that are permitted in the house
[11:04] {dino} gps sm l .65
[11:06] {dino} sbra sm l .54 ave
[11:06] {nemo} getting close to bounce time
[11:06] {dino} axll stop -.35
[11:07] {nemo} think fas might have to visit closer to .50 first
01[11:07] {&Threei}  Nemo changed his life motto yesterday btw guys. New one is: As I have grown older, I've learned that pleasing everyone is impossible but pissing everyone off is a piece of cake
[11:07] {nemo} much more enjoyable too
[11:07] {Les} yeh watching tna for another drop here
[11:08] {Les} well as long as I'm not on the firing range with him...
[11:08] {dino} alk sm l .26
[11:08] {nemo} I only shoot at air Les
[11:08] {RonS} cci blood
[11:08] {nemo} The air in your lungs, and the air in your head
[11:08] {Les} can see where this is leading
[11:08] {_fish_49} lol
[11:09] {_fish_49} sorry Les  I had to laugh  Nemo made me
[11:10] {Les} out tza for the scalp thy
[11:10] {Les} np fish
01[11:10] {&Threei}  1 cent to 1:2
[11:10] {Les} tab added to Nemo's bill when I show up
[11:11] {nemo} ?
01[11:11] {&Threei}  here is exact quote which I hope will outlive me:
[11:11] {Les} potential DB for TNA now
[11:11] {dino} cci sm l .98
01[11:11] {&Threei}  Oversold gets oversolder, then oversoldest, and then sells some more before reversing
[11:12] {_fish_49} Capitulation?
[11:13] {nemo} fb likely short here
[11:14] {Les} wasn't so twisted to have order in for TNA at same time as TZA
[11:15] {dino} out alk .55, +.29
[11:15] {dino} out cci .32, +.34
[11:15] {nemo} for those of you looking for a thrill, tsla should be short again between 104 and 105
[11:16] {RonS} thanks for keeping us plugged in...
[11:16] {Will49} haha
[11:16] {nemo} you AC or DC Ron?
[11:17] {thomcbell} splk out 44.90 - + 0.35
[11:17] {RonS} Angus...
[11:17] {Will49} nice thomb
[11:17] {dino} ron, ty cci
[11:17] {nemo} ahhh....so you don't fall asleep drunk in your car
[11:18] {RonS} np dino
[11:19] {dino} axll rinsed
[11:20] {dino} re-load on higher low if happens
[11:22] {dino} kyn drop
[11:22] {dino} whack-a-stock on reits today
[11:23] {ese} pain in the as........today...new compputer to get use to and new trading program from questrade
[11:23] {Will49} wondered why you're so quiet
[11:23] {dino} markets wants up
[11:23] {Les} GDX stopped last piece flat
[11:24] {ese} yup thats it will.............i believe the term is learning curve
[11:24] {Will49} you're a quick study
[11:24] {ese} am thinking long here with koors at 63
[11:25] {ese} kors
[11:25] {thomcbell} like the kors
[11:25] {ese} make that kors light
[11:25] {dino} lol, ese, i was thinking coors
[11:25] {_fish_49} My Wife keeps them in business
[11:25] {Will49} with that name, i thought you had the problem fish
[11:26] {ese} L kors .09
[11:26] {RonS} lol Will
01[11:26] {&Threei}  OK, with couple decent trades righting the day, let's see if we can make it better
01[11:26] {&Threei}  watching TZA
[11:26] {Will49} be gentle Vad
01[11:27] {&Threei}  why?
[11:27] {Will49} just being silly
[11:27] {Les} tza .75 logical entry point here
01[11:27] {&Threei} Long Setup:  TZA  .65 break
01[11:28] {&Threei}  If holds  .60
[11:28] {dino} gut says up
[11:28] {RonS} yup
01[11:28] {&Threei}  looking for the safest entries with tight stops
[11:29] {ese} right then lads...........first trade with the new computer and program..............kors get your *&*^%$ up there
01[11:30] {&Threei}  stop to .63
01[11:30] {&Threei}  how's that for tight risk control
[11:31] {dino} you need to respect my gut feel. its running 3 hours ahead of you
01[11:31] {&Threei}  lol
[11:32] {ese} 1/2 ya blighter ya .35 +.26
[11:32] {ese} kors
[11:33] {Les} nice ese
[11:34] {ese} tks
[11:34] {ese} balance to flippin break even......................swearing all the way
01[11:35] {&Threei}  1:1
[11:35] {dino} i do the same ese. its theaputic
01[11:35] {&Threei}  lol
[11:35] {robbers} Nice call on TZA, out.
[11:35] {ese} lol
[11:36] {dino} dog thinks i'm crazy
[11:36] {ese} definitely
[11:36] {ese} my wife thinks i'm nuts
[11:36] {nemo} she knows you best
01[11:36] {&Threei}  "I don't use swear words to swear. I use them to speak"
[11:36] {dino} axll sm l .92
[11:37] {ese} lol...to speak
[11:41] {Les} looking for tza to get near 32, then I'll seek tna entry
[11:41] {ese} blasted stopped balance kors .07 -.02
[11:42] {ese} piece ah no guud fur nuttin crawlin lower than a snakes belly in a wagon rut...kors
[11:45] {ese} opps....keep forgettin that vad has to sort through all this to make it look like were well mannered intelligent traders before he posts the blog
[11:46] {Les} currencies going nuts again
[11:46] {ese} hmmmmmmm....................nah forget that..................stupid flippin stock kors.........cost me more profit
[11:47] {dino} alk sm l .55
[11:47] {Les} SPY to vwap
01[11:48] {&Threei}  - Shares of Tesla continued their steady rise in the premarket this morning, topping $110 briefly, but have traded down more than 7% in mid morning trade. Note that there has been chatter Einhorn or another notable short seller has taken a short position in the name.
[11:48] {ese} wha da ya mean spy and alk..............................there stupid flippin stocks as well
[11:48] {ese} lol
[11:48] {ese} hmmmmm...now i'm laughing at my own jokes......
[11:48] {dino} oh boy
[11:49] {ese} swearing and laughing at my own jokes............can it get any better
[11:49] {Alexs} DIS long .10?
[11:50] {dino} out axll .28, +.36
[11:50] {Les} inverted h&s for the longs here
[11:50] {stevw} long FCX at .65
01[11:51] {&Threei}  DIS yes, hl
[11:51] {Alexs} k
[11:57] {+cc_9} lol @ FNMA
[11:57] {+cc_9} what a sweet chart
[11:58] {nemo} can you say algo
[11:59] {Will49} jeff is computer's name
[11:59] {+cc_9} algo or not, its a sexy chart
[11:59] {Les} wow
[11:59] {nemo} you need to get out more
[11:59] {Les} first time
[11:59] {+cc_9} FNMA brings the man out of me
[12:00] {+cc_9} those curves
[12:00] {+cc_9} that drop
[12:00] {+cc_9} that bounce
[12:00] {stevw} good text book chart to convince people trading is easy - haha
[12:00] {Will49} easy...easy
[12:00] {Will49} is that what they mean by chart porn cc9?
[12:00] {dino} out alk .94 ave, +.39
[12:01] {Les} not bad Will
[12:01] {dino} brb
[12:01] {Will49} thanks for your lukewarm praise les
[12:01] {Les} that's as good as my praise gets in this place
[12:02] {Les} you want ass kiss, see Nemo
[12:02] {_fish_49} lol
[12:02] {_fish_49} sorry nemo Les made me laugh
[12:02] {Will49} will hangs his head in shame
[12:03] {stevw} raising FCX stop to .60
[12:03] {+cc_9} Will49, I have to hide the chart when others are looking at my screen
[12:03] {nemo} btw think fnam a short in this area
[12:03] {nemo} could go to 3.50 though
[12:03] {RonS} wow look at fnma...
[12:04] {_fish_49} oh  my
01[12:05] {&Threei} Long Setup:  IWM  98 break
01[12:05] {&Threei}  If holds  .90
[12:07] {+cc_9} 3.40 lol
[12:08] {+cc_9} and if you liked FNMA, her sister FMCC is just as cute
[12:12] {stevw} stopped out of FCX for .07 loss
[12:14] {stevw} GDX short?
01[12:15] {&Threei}  not yet, but of bounces a bit and stays under .82, .75 break becomes short trigger
01[12:15] {&Threei}  bounces like this
01[12:15] {&Threei}  now needs to hold under .82
01[12:16] {&Threei} Short Setup: GDX  .75 break
01[12:16] {&Threei}  If holds  .82
01[12:23] {&Threei}  Invalidated
[12:27] {nemo} gmcr might be heading for a breakout
01[12:37] {&Threei}  Kid Dynamite ‏@KidDynamiteBlog 2m
01[12:37] {&Threei}  confirmed: China has a massive appetite for PHYSICAL... (Pork - not gold...)
01[12:37] {&Threei}  looking at SFD daily, I see where he is coming from
01[12:37] {&Threei}  gld
01[12:38] {&Threei}  GLD, on the other hand...
01[12:38] {&Threei}  speaking of
01[12:38] {&Threei} Short Setup: GLD  .40 break
01[12:40] {&Threei}  Nasdaq agrees to pay $10mm fine for mishandling Facebook IPO
[12:40] {_fish_49} stop .50 or .51?
01[12:41] {&Threei}  .50 is resistance
01[12:41] {&Threei}  break of it invalidates setup
01[12:42] {&Threei}  SFD movie clip: https://www.youtube.com/watch?v=uI4fVgVVpiw
[12:45] {nemo} CNBC's David Faber Reporting Bruce Berkowitz's Fairholme Fund Takes Roughly $500M Stake in Fannie, Freddie Preferred Shares
01[12:46] {&Threei} Short Setup: GLD  .50 break
01[12:47] {&Threei}  If holds  .57
[12:51] {dino} out athn .99, +1.12
01[12:51] {&Threei}  Invalidated
[12:52] {dino} took awhile, but...
[12:53] {jdetente} nice
[12:53] {dino} ty
[12:54] {Will49} will looks on in envy
[12:55] {dino} more like, luck
[12:55] {Will49} envious of your luck then
01[12:56] {&Threei}  dino is the luckiest sob I've ever seen - string of luck lasting years {GGG}
[12:56] {_fish_49} 1 year is luck several years is skill
[12:56] {_fish_49} lol
01[12:57] {&Threei}  speaking of luck, story in BC yesterday
01[12:57] {&Threei}  60M lottery jackpot, won by 4 tickets
01[12:57] {&Threei}  now get this:
01[12:57] {&Threei}  two of them belong to the same person
01[12:58] {&Threei}  ever saw anything like this? lol
[12:58] {nemo} so, one guy won 600 mil here a coupla' weeks ago
[12:58] {stevw} so, the person thought buying 2 tickets with the same number doubled his chances?!?
[12:58] {Will49} BC guy bought two tickets on same number
01[12:58] {&Threei}  yes
[12:59] {stevw} god loves an idiot
01[12:59] {&Threei}  so out of 60M jackpot, two winners got 15 each, and this one got 30
01[12:59] {&Threei}  no kidding
01[12:59] {&Threei}  especially in BC, stev,
[13:00] {stevw} at least we can be assured of rapid wealth redistribution as he blows it all over the place
01[13:00] {&Threei}  previous one was a 15M winner - marijuana life-long activit
[13:00] {stevw} i can see where that's going!
01[13:00] {&Threei}  who donated 1M to the cause of legalization after winning
[13:00] {Will49} odds of a MJ user winning in BC very high
01[13:00] {&Threei}  lol
01[13:01] {&Threei}  god's sense of humor, oy
[13:01] {stevw} local to me was the young welfare single mom who gave it all away to friends and on a pimped-out escalade
[13:02] {_fish_49} Stevw  are you in Detroit area?
[13:02] {Will49} reminds me of old anecdote
[13:02] {stevw} hamilton, on
[13:02] {_fish_49} ahhh
[13:02] {stevw} same thing
[13:02] {_fish_49} A Detroit girl hit for like 10 mil and stayed on welfare and food stamps for two years after hitting lotto
[13:02] {stevw} charming
[13:03] {Will49} if all the money in the world was put in a big pile....within a few years it would all be back in same pockets where it started
[13:04] {Will49} tough to hang onto it if you didn't earn it
[13:04] {Will49} karmic kind of thing
[13:04] {stevw} it's only in struggling for it that one appreciates it
[13:05] {Will49} like learning to trade :)
[13:05] {Alexs} do u believe in luck Vad?
[13:05] {stevw} indeed
01[13:05] {&Threei}  can you word it in some other way Alex? not sure what you are asking exactly
01[13:07] {&Threei}  I like this: The more I know the luckier I get
01[13:07] {&Threei}  luck can play its role in a separate instance, but not as basis for consistent performance
[13:07] {nemo} Mass just found out they've been paing welfare to over 1000 dead people
01[13:07] {&Threei}  sounds about right
[13:07] {Will49} wasn't it henry ford that said the harder i work, the luckire i get
[13:08] {Will49} luckier
01[13:08] {&Threei}  and if they count how many bran dead they pay...
[13:08] {Will49} or one of those famous Americans
01[13:08] {&Threei}  yeah will, that's exact quote I tried to remember
01[13:08] {&Threei}  along with "Luck favors prepared mind"
[13:08] {Will49} luck is the intersection of opportunity and preparedness
[13:09] {Will49} lucky i can still rememer those old cheatnuts
[13:09] {Will49} cheatnuts
[13:09] {RonS} Genius is one percent inspiration and ninety-nine percent perspiration.
[13:09] {Will49} =chestnuts
[13:09] {Alexs} thanks for your comments now I know I can stay in this room
[13:10] {nemo} http://yhoo.it/13iZq0v
[13:10] {stevw} hmm, is FB failing or winning .60?
[13:11] {RonS} A 75% tax on incomes over €1 million is killing the Parisian real estate market as the superrich flee
[13:12] {Will49} FB out to lunch like everybody else
[13:14] {stevw} GDX is relentless this afternoon
01[13:14] {&Threei}  one more thing
01[13:15] {&Threei}  I've seen a lot of people making a lot of money in a bull market, like tech boom of 1998-2000
01[13:15] {&Threei}  very few of them kept their winnings though
01[13:15] {&Threei}  which reminds me two more sayings
01[13:15] {&Threei}  one is widely known:
[13:15] {Will49} no....your limited to just one
01[13:16] {&Threei}  don't confuse brains for a bull market
[13:16] {_fish_49} meaning they gave it back to market or blew it on uselss things?
[13:16] {dino} profits=luck, losses=skill
[13:16] {Will49} gambled!
01[13:16] {&Threei}  no, lost it all subsequently
01[13:16] {&Threei}  second is less known but very profound
01[13:16] {&Threei}  Market is the easiest place to make money and the hardest place to keep it.
[13:17] {Will49} wish I'd said that
[13:17] {_fish_49} that's why I'm here
[13:17] {_fish_49} I want to keep it
01[13:17] {&Threei}  those same people who got conditioned to "buy and never take a stop, it will be up soon anyway"
01[13:17] {&Threei}  did the dame when bull turned into bear
01[13:17] {&Threei}  and as market plunged all the way back, they continued buying, averaging down...
01[13:18] {&Threei}  until lost all their winnings and then some
[13:18] {_fish_49} that's why I was attracted to scalping.  Can earn  in bull or bear market
01[13:18] {&Threei}  saw it in tech boom, saw it in real estat'e, saw it in oil,
01[13:18] {&Threei}  and now seeing it in gold
01[13:19] {&Threei}  see now why I am so skeptical of goldbugs' claim that it's just a pullback to buy?
[13:19] {_fish_49} My First trade in the market was Dell  Bought and it went down   Thought  Oh My  what a great buying opportunity,  went down for a third time and I was changing my depends
01[13:19] {&Threei}  it never ends this easy for those who get caught in market reversal with their ideology rigid like this
01[13:20] {&Threei}  market is too relentless to let them out now
01[13:20] {&Threei}  all the bounces and pauses and just luring them in, setting the stage for the next plunge
[13:22] {Les} GDX short potential here
[13:23] {Les} watching for DT
[13:23] {nemo} gdx been quite consistent today
[13:23] {_fish_49} broke yesterdays  high
[13:24] {nemo} dailies in gld and gdx look like bottoms put in
01[13:24] {&Threei}  not at all, to me
01[13:24] {&Threei}  GLD at this point looks like inverted C&H in the making
[13:25] {nemo} significant volume has come in last couple of months
[13:25] {nemo} you're in two-way play area
01[13:26] {&Threei}  every instinct in me revolts against long idea
[13:26] {nemo} that's your default position on this stuff
01[13:27] {&Threei}  well, it's because of what the story/charts tell me
[13:27] {dino} axll sm l .70
01[13:27] {&Threei}  not because I am set against gold per se
[13:27] {nemo} that's fine, I just think they might be changing
01[13:27] {&Threei}  after all, there was 10 years bull market in it
01[13:27] {&Threei}  you didn't see me shorting it, did you?
[13:32] {Les} cover half
[13:32] {_fish_49} I scalpedit for 5 cents
[13:33] {_fish_49} that hammer shook me out
[13:33] {backman} any plays pending...had to reboot
[13:33] {_fish_49} wow  look at how I typed that
[13:33] {_fish_49} 5 cent scalp
[13:37] {backman} long C .25....looking for break of 30
[13:43] {nemo} finnies just about green
[13:44] {backman} all out +.20
[13:45] {dino} axll to .21
[13:45] {backman} suprised
[13:46] {backman} GDX isnt cracking with this
[13:46] {dino} out axll .20, +.50
[13:46] {nemo} market moving up and gdx still pretty strong
[13:47] {nemo} gld too
[13:47] {dino} wow, glad i trailed
[13:47] {Les} u were the market in axll dino
01[13:47] {&Threei}  lol
[13:49] {dino} 1.3million
[13:49] {Les} swinging a big one eh
[13:49] {Les} GDX 2H stopped
01[13:52] {&Threei} Long Setup:  TZA  .40 break
01[13:52] {&Threei}  If holds  .30
[13:52] {Les} lol already in
[13:55] {nemo} none of the indexes are giving up the lower channel line
[13:56] {Les} stopped
[13:57] {_fish_49} teach me  what did we see in that set up
[13:57] {_fish_49} at first glance I seen a DBI forming
01[13:58] {&Threei}  bounce, consolidation... what in 111 Trades is called BMR setup
01[13:58] {&Threei}  .40 break would have triggered it
[13:58] {_fish_49} ok  Did not start that yet
[13:58] {nemo} wtf...lazy bastard
[13:58] {_fish_49} thanks Vad
01[13:58] {&Threei}  I don't like aggressive entries on this kind Les
[13:58] {nemo} it's Les
[13:59] {_fish_49} I fell off the lawn mower this morning  have a headache
[13:59] {nemo} Ready....FIRE!...oh yeah, ...aim
[13:59] {_fish_49} not lazy
[13:59] {_fish_49} lol
[13:59] {_fish_49} full of excuse though
01[13:59] {&Threei}  C&H, sometimes DB, I do
01[13:59] {&Threei}  BMR, no
[13:59] {Les} small shares now VAd. and it took too long. the setup morphed into consolidation. my bad
[14:00] {Les} double .50 resistance in spy looked good until it halted and turned for 3rds time lucky
[14:00] {dino} hum-dee-dum
[14:02] {Les} looking like a bull trap
[14:02] {_fish_49} spy or TZA?
[14:02] {Les} the indexes, but just watching. spy returns to test support
[14:03] {Les} works for the moment
[14:03] {dino} say what you want, but buy the dips still working
[14:05] {nemo} selling the tops is starting to work, we're starting to get range days
[14:06] {dino} 167.77 is the area
[14:06] {Alexs} is it a new setup on TZA?
[14:06] {Les} wanted tna 48 dino, that station has longed passed
01[14:06] {&Threei}  trying to form it Alex
01[14:06] {&Threei}  watching
[14:07] {dino} yeah
01[14:07] {&Threei} Long Setup:  TZA  .25 break
01[14:08] {&Threei}  If holds  .15
[14:08] {dino} 07 fast green
[14:10] {Les} tza small long .20 holding .15
[14:10] {Les} only Nemo can push it tighter than that
[14:12] {dino} fl to .05, thing will not move
01[14:14] {&Threei}  still valid
01[14:18] {&Threei}  come on TZA, man up and show that you have what it takes
[14:19] {_fish_49} lol
[14:19] {Will49} yeah...grow a pair
[14:20] {dino} dust crushed
01[14:22] {&Threei}  hmmm... usually it moves with GLD/GDX
[14:22] {Will49} not usual times I guess Vad
01[14:22] {&Threei}  domething vompany specific I guess
01[14:22] {&Threei}  something company
01[14:23] {&Threei}  wait
01[14:23] {&Threei}  it's ETF
[14:23] {Les} interesting arbitrage then
01[14:24] {&Threei}  Gold Miners Bear 3X Shares
[14:24] {Les} oh its bear
01[14:24] {&Threei}  yeah, got it now
[14:24] {_fish_49} yes
01[14:25] {&Threei}  early onset of alzheimer
[14:25] {Les} GDX popping
[14:25] {nemo} warned ya
01[14:25] {&Threei}  about what?
01[14:25] {&Threei}  when?
[14:25] {nemo} gdx
01[14:25] {&Threei}  and who are you?
[14:25] {nemo} earlier today
[14:25] {nemo} keep it up
[14:25] {Les} 1st partial TZA
[14:25] {nemo} The List
[14:27] {dino} out fl +.05
[14:28] {Les} short gdx
01[14:28] {&Threei}  TZA 1:1
01[14:29] {&Threei}  day improves trade by trade... inch by inch
[14:30] {_fish_49} thanks vad  Out in full
[14:30] {nemo} gotta' change that handle, all I hear in my head is Joe Walsh all day
[14:30] {Will49} yes, tks Vad...inch by inch still get you there
[14:31] {_fish_49} Larissa didn't like BKHMD  you don't like fish  any other names I should not use?
[14:31] {_fish_49} lol
01[14:31] {&Threei}  she just has to be patient
[14:31] {backman} JPM sitting on support of .78....i'm in from higher
[14:31] {nemo} who is Larissa?
[14:31] {dino} couple years ago
[14:31] {_fish_49} she was the girl in the room what 2 or 3 years ago when I was here b4?
[14:32] {dino} tough cookie
[14:32] {nemo} oh....you were here then? didn't know
[14:32] {_fish_49} yes
01[14:32] {&Threei}  your alzheimer progresses better and faster than mine, nemo
[14:32] {nemo} yeah, Larissa and Patience
[14:32] {_fish_49} I was here for 3 or 4 months back then
[14:32] {_fish_49} work got in the way and had to stop trading
[14:32] {nemo} it's alcohol Vad, not Alzheimers
[14:32] {Les} stop GDX flat
[14:32] {dino} you were fish then also, right?
[14:32] {_fish_49} no
[14:32] {_fish_49} BKHMD
[14:32] {nemo} believe me, I would have remembered
[14:32] {_fish_49} she complained to Vad about my name back then
[14:32] {_fish_49} lol
[14:33] {nemo} well it's not like your name was b...j.b
[14:33] {dino} ahh, ok i remember that. used to be a fish or gofish here while back
[14:33] {Les} 2nd partial tza 1:2
[14:33] {_fish_49} It was Nemo that came to my defense back then and explained that it was initials and the state of maryland
[14:34] {_fish_49} Nemo short memory
[14:34] {_fish_49} lol
[14:34] {nemo} alcohol
[14:34] {nemo} what did I say?
[14:34] {dino} well, as long as your not bohica
[14:34] {_fish_49} u explained  to Larissa that  MD was Maryland
[14:34] {nemo} oh
[14:34] {Les} not a frikin word nemo on dino's joke
[14:34] {nemo} what was "BKH"
[14:34] {nemo} your favorite position Les
[14:34] {_fish_49} my initials
[14:35] {dino} buger king hamburgers
01[14:35] {&Threei}  TZA baby
[14:35] {nemo} yeah...thought you'd go there Dino, your humor is a tad on the corny side
01[14:35] {&Threei}  1:2
[14:35] {_fish_49} we had this exact discussion 3 years ago
[14:35] {_fish_49} I think Dino called me burger king  back then too
[14:35] {_fish_49} hahahahahah
[14:35] {dino} sitting alone all day, i must find entertainment
[14:35] {_fish_49} Im not sure it was 3 years
[14:35] {nemo} where's the dog?
[14:35] {_fish_49} Les had just joined the room
01[14:35] {&Threei}  but fish... dino doesn't remember that, and came up with it anew now :)
[14:35] {dino} went upstairs
[14:36] {_fish_49} and  I enjoyed watching Vad yell at him
[14:36] {nemo} ahhh
[14:36] {Will49} out tks vad...scalping now
01[14:36] {&Threei}  I yell?
01[14:36] {&Threei}  I YELL?????
01[14:36] {&Threei}  lol
[14:36] {dino} trade out of remodelled basement. dog gets bored w/me
[14:37] {nemo} same with bunny for me
[14:37] {Les} gave up the office hey dino?
[14:38] {dino} yes, when magoo quit. i got tired of driving to work to sit alone. so rented the building out
[14:38] {_fish_49} yea
[14:38] {_fish_49} where is Magoo
[14:38] {nemo} cartoons
[14:38] {Les} yeh what happened to him?
[14:38] {nemo} real job
[14:38] {_fish_49} real jobs  are way over rated
[14:39] {Les} hasn't returned as cipher has he?
[14:39] {nemo} no, cipher trades differently than Mags
[14:39] {dino} career change is all i can say. unfortunately, he doesn't talk to me
[14:39] {nemo} too bad
[14:39] {_fish_49} Cipher was here when I left
[14:39] {dino} indeed nemo
[14:39] {_fish_49} actually I think everyone here was here when I left
01[14:40] {&Threei}  cipher got one thing down cold, and that one is a biggie
01[14:40] {&Threei}  DISCIPLINE
[14:40] {dino} ciphers an animal
[14:40] {Les} mentally unstable
01[14:40] {&Threei}  and that unlocked his animal instincts :)
[14:40] {_fish_49} if Im not mistaken dptl was good as well
[14:40] {nemo} you're projecting Les
[14:41] {nemo} think tsla squeezes here
[14:45] {Les} final quarter tza stopped on the trail
01[14:45] {&Threei} Long Setup:  TZA  .30 break
01[14:45] {&Threei}  If holds  .25
01[14:47] {&Threei}  1:1
01[14:48] {&Threei}  life is getting better and better
[14:48] {Les} half out ty, great reversal catch
01[14:48] {&Threei}  too sharp drop
01[14:48] {&Threei}  and pause, and doji
[14:48] {Alexs} did u realy got it 1:1?
01[14:48] {&Threei}  ?
01[14:49] {&Threei}  it's at .42
[14:49] {Alexs} now  I see
[14:49] {Les} yeh realised that when I let last piece go, but played by the book anyway
[14:49] {Les} reload, as dino would say
01[14:50] {&Threei}  Alex, I think I understood what you are asking
01[14:50] {&Threei}  look at it this way
01[14:50] {&Threei}  sometimes stock barely touches 1:1, most likjely not enough to take you out,
01[14:51] {&Threei}  but if I think you need to start getting out, because of volatility, or time of the day, or kind of a market,
[14:51] {_fish_49} all out
[14:51] {_fish_49} thanks Vad
01[14:51] {&Threei}  I will post "1:1" as a suggestion to patrtial
[14:51] {Alexs} k ty
01[14:51] {&Threei}  yw
[14:51] {Les} yeh .48 good enough
[14:51] {Les} ty
01[14:51] {&Threei}  right
01[14:51] {&Threei}  out in full too
[14:53] {dino} wow that 30 yr at 3.38% is hurting builders. funny, when i built my house in '95 rate was 9.5%
[14:53] {_fish_49} im confused
[14:54] {_fish_49} why would that hurt builders
[14:54] {dino} rates go up, buyers can't afford...but seriously, 3.38 should not mean sh#t. talking heads, etc
[14:54] {Alexs} when u get in a trade how many cents u trail 1-2? this time it was too fast just got it at .33
[14:54] {nemo} ohoh next leg up
01[14:55] {&Threei}  most often 2 cents... in case when stop is this tight, might go for 3
01[14:56] {&Threei}  do you send a limit order 2 cents beyond market? or trying each next offer as it upticks?
[14:56] {nemo} yeah, it's called the Les Limit...$.02 worth
[14:57] {Will49} lol
[14:57] {Alexs} usually limit order
[15:00] {dino} dhi apr. gap fill, still one below 22.35 area
[15:00] {Les} close call here. could be down finish
[15:02] {dino} think so
[15:05] {nemo} rates go up, and so haven't requirements, so the pool of buyers who can qualify are much smaller than in 2007
[15:07] {nemo} wow, aegr over last coupla' weeks
[15:13] {dino} nemo, i've seen zero down ads for mortgages recently
[15:14] {_fish_49} I have not followed the mortgage market
[15:14] {_fish_49} is 3.38 an increase?
[15:14] {dino} yes
01[15:14] {&Threei}  sorry got distracted... Alex... limit above the current market or at the current ask?
01[15:14] {&Threei}  what I mean is,
[15:14] {nemo} oh, no...here we go again
01[15:14] {&Threei}  if the call is .30 break, what limit price do you put when click buy?
[15:15] {Alexs} .32
[15:15] {_fish_49} .31
01[15:15] {&Threei}  ok, .32 is what I do
[15:15] {_fish_49} may I ask why
[15:15] {Alexs} but in TZA case I didn't get it last time
[15:16] {_fish_49} well I guess it depends on if short or long Im assuming u mean on a long
01[15:16] {&Threei}  just to make sure that I have beter chance of fill while avoiding market order. If shares are available at .31, I will them at this price anyway
01[15:17] {&Threei}  if it got away, you may want to wait a few, to see if you get filled on pullback
[15:17] {_fish_49} if u put in ur limit order for .32 how often do you get filled at the .31 price
01[15:17] {&Threei}  if there are enough shares, always
[15:17] {_fish_49} thanks
01[15:17] {&Threei}  it depends on stock liquidity
[15:17] {_fish_49} yes
[15:17] {_fish_49} I think I had this issue b4 when live trading
[15:18] {_fish_49} had issues getting filled because I was selecting 1 cent above the break
[15:18] {_fish_49} while in simulator it always fills
[15:18] {Will49} when do you hit the buy button?
[15:18] {_fish_49} as soon as he makes the call
01[15:18] {&Threei}  Will... I can't remember was it you or ese who run Loft gallery downtown?
[15:18] {Alexs} no when it brakes
01[15:19] {&Threei}  Victoria’s Loft Gallery at the centre of drug and liquor arrests
[15:19] {Les} ese is a busy man
[15:19] {Will49} so, if the call is break of .30 and the last trade was at .28, you hit the buy limit button?
[15:19] {+cc_9} VTR very nice reversal
[15:20] {+cc_9} should be good for tomorrow as well
[15:20] {_fish_49} are you asking me Will?
[15:20] {Will49} you or Vad
[15:20] {_fish_49} I may not be doing it correctly but it works for me
[15:20] {_fish_49} as soon as he makes a call my order is in
01[15:21] {&Threei}  hmm?
[15:21] {Will49} hmmm...I've been waiting until the trade actually hits .31
01[15:21] {&Threei}  but if .30 is not broken yet, why you buy?
[15:21] {_fish_49} and I know he don't like hard stops  but when I place my order all 4 stops places as order sends order
[15:21] {Alexs} I hit the buy button when the print is .31
[15:21] {_fish_49} I'm not buying
[15:21] {Will49} the i send a limit order at .33
01[15:21] {&Threei}  oh, you enter buy stop
[15:21] {Les} whats that?
01[15:22] {&Threei}  automated entry
[15:22] {_fish_49} I place the order the LMT/STL order is placed and it sits waiting for my price
[15:22] {_fish_49} yes
01[15:22] {&Threei}  condition
[15:22] {_fish_49} yes
01[15:22] {&Threei}  buy when print at set price appears
[15:22] {_fish_49} lets say u call break of 30
[15:22] {_fish_49} I put my order in for .31
[15:23] {+cc_9} VTR so far so good
[15:23] {+cc_9} still ramping
[15:23] {Les} not sure there's any momo traders in this crowd cc
[15:24] {Les} looks like top coming in vtr
[15:24] {Will49} Vad, wasn't me re "the Loft"
[15:25] {Will49} must have been ese
01[15:25] {&Threei}  ese then
[15:25] {_fish_49} where is ese
01[15:25] {&Threei} Short Setup: GDX  .20 break
01[15:25] {&Threei}  If holds  .25
01[15:25] {&Threei}  well fish... as you can see from that headline, he is a little busy right now {G}
[15:26] {_fish_49} u have any bail money?
[15:26] {_fish_49} lol
01[15:26] {&Threei}  I wasn't home when he used that one call
01[15:27] {&Threei}  I mean I decided I wasn't
[15:27] {_fish_49} hope he don't read the log tonight
[15:27] {_fish_49} lol
[15:27] {stevw} vad, you're not obsessed with shorting GDX are you?  you're fighting quite a trend today
[15:27] {nemo} yeah...he's falling under Les' influence
01[15:28] {&Threei}  let's see
01[15:28] {&Threei}  it gave us 2 1:3ers yesterday
[15:28] {nemo} skip the facts, stay with the story
[15:29] {Les} hehehe
01[15:29] {&Threei}  two calls today,
01[15:29] {&Threei}  1 for 1:1 and 1 invalidated
01[15:29] {&Threei}  if that's obsession, I think you want me to stay obsessed :)
01[15:30] {&Threei}  right now, it's a reversal setup with 5 cents stop
01[15:31] {&Threei}  end of the day after strong intraday run ona generally weal name
01[15:31] {&Threei}  weak
[15:31] {nemo} vtr might be short here
01[15:31] {&Threei}  nope... valid way to play
01[15:32] {&Threei}  Invalidated
[15:32] {nemo} break of .80 below .90
[15:33] {nemo} looking like a gap up tomorrow
[15:33] {nemo} the indexes that is
[15:34] {nemo} nope on vtr, looks like 73 in the cards
[15:36] {+cc_9} =) nemo
[15:37] {RonS} rvlt explosion
[15:37] {nemo} such hyperbole
[15:38] {+cc_9} nemo, volume dictates it all
[15:38] {+cc_9} on VTR it has been relentless
[15:38] {nemo} getting spiky
[15:38] {+cc_9} avg vol 1.4M, today 3.2M
[15:39] {nemo} this should be it here
[15:40] {+cc_9} im all out VTR
[15:40] {+cc_9} dont trust the last 15mins
01[15:41] {&Threei}  I don't trust last 25 years or so
[15:41] {+cc_9} http://img163.imageshack.us/img163/2715/vtrbuys.jpg
[15:41] {Will49} haha
[15:41] {+cc_9} nemo, those are the VTR buys
[15:42] {_fish_49} u mean u don't trust  or  u don't remember?
[15:42] {_fish_49} lol
[15:42] {Will49} :)
[15:42] {nemo} she drops .80 could go to .50
[15:42] {+cc_9} more bottom feeding than momo
[15:42] {dptl} gn
01[15:42] {&Threei}  alzheimer destroys your short term memory... what did you ask?
[15:43] {_fish_49} lol
[15:43] {dptl} good night all see ya tomorrow
01[15:43] {&Threei}  take care dp
[15:43] {Will49} be good dp
[15:43] {_fish_49} tc dptl
[15:43] {Les} ?
[15:44] {nemo} nothin' you're my default foil...go back to drinking
[15:44] {Les} actually need my beauty sleep
[15:44] {Les} outta here
[15:44] {Les} very instructive day vad enjoyed it
[15:44] {Will49} bye bye
[15:44] {nemo} in that case, you need a multi-year coma
[15:44] {_fish_49} lol
[15:44] {_fish_49} lol
[15:44] {_fish_49} sorry for laughing Les  Nemo made me do it
06[15:45] * Les smacks fish for pushing a joke too hard
[15:45] {nemo} Les, you stuck your chin out
[15:45] {_fish_49} ouch
[15:45] {Les} I know I can always reel you in nemo
[15:45] {dptl} {"())))){     lol
[15:46] {nemo} dp, could you explain the shorthand
[15:46] {_fish_49} nice fish dp
[15:46] {nemo} whoa, what happened
[15:46] {nemo} did we bomb Paris?
[15:46] {nemo} hope...
[15:46] {backman} dang, C just fell out of bed
[15:47] {nemo} wow and GDX holding right in there
[15:47] {nemo} going higher
[15:48] {backman} nite all...vacation in VT for a few days... cu next week
[15:48] {_fish_49} later bman  enjoy
[15:48] {Will49} peace bman
01[15:48] {&Threei}  have fun bman
[15:48] {dino} gotta hop, tee time in 30. thx all, good day
[15:49] {_fish_49} larter dino
[15:49] {nemo} ahhhh gdp in the morning, now this makes sense
[15:49] {Will49} bye dino
01[15:49] {&Threei}  OK guys, finishing positive
[15:49] {_fish_49} and new job claims
01[15:49] {&Threei}  yeah
01[15:49] {&Threei}  thank you all, have a good evening
01[15:49] {&Threei}  see you tomorrow
[15:50] {_fish_49} if both are positive  more worry about QE
[15:50] {Will49} cheers all
[15:50] {stevw} ttfn
[15:50] {_fish_49} bye all
[15:50] {_fish_49} thanks for the lessons  Vad
01[15:50] {&Threei}  sure thing, always
[15:54] {+cc_9} Later guys
[15:54] {+cc_9} later Vad