Wednesday, June 26, 2013

June 26 2103

Decent day, starting with scalps mostly but getting juicier with this 1:5 Catch of the Day, GLD shot:

Session Time: Wed Jun 26 00:00:00 2013
[09:11] {+cc_9} RIP GDX
[09:17] {dptl} gm
01[09:17] {&Threei}  morning cc, dp
[09:17] {cipher} gm
01[09:18] {&Threei}  cipher :)
[09:18] {bbobr} gm
01[09:19] {&Threei}  bbobr :)
[09:20] {RonS} tm
01[09:20] {&Threei}  ron :)
[09:21] {RonS} qotd?...We've been looking for growth just around the corner for some time. Now it appears we should go looking for the corner.
01[09:21] {&Threei}  lol
[09:21] {Will49} gm
01[09:21] {&Threei}  good one
01[09:21] {&Threei}  will :)
[09:24] {+cc_9} Any GDX longs here today ?
[09:24] {Alexs} gm
[09:25] {Alexs} gm
01[09:25] {&Threei}  alex :)
[09:25] {RonS} alex:)
[09:25] {Alexs} gm
[09:25] {RonS} lol
[09:25] {Alexs} :)
[09:25] {+cc_9} :)
[09:25] {jdetente} morning fellas
01[09:26] {&Threei}  jd :)
[09:26] {+cc_9} gm :)
[09:26] {+cc_9} gm vad :)
[09:26] {dino} gm
[09:26] {+cc_9} 4 mins left for maximum smileys
01[09:26] {&Threei}  dino :)
01[09:26] {&Threei}  re GDX, I'd think first move is short
01[09:27] {&Threei}  .80 break, if it waits for us
[09:27] {robbers} Trading in a wide range so far.
01[09:28] {&Threei}  told you... gold won't quit untill it squashes last goldbug on the planet
[09:28] {dptl} at around 400 ?
01[09:29] {&Threei}  500-600 is the lowest I'd expect it to go
[09:29] {dino} wow gld
[09:29] {ese} gm
01[09:29] {&Threei}  ese :)
01[09:30] {&Threei}  GDX didn't wait for us
01[09:31] {&Threei} Long Setup:  IWM  .50 break
01[09:31] {&Threei}  If holds  .40 
01[09:32] {&Threei}  1:1
[09:35] {+cc_9} test
[09:36] {robbers} Took my profit, thanks.
01[09:36] {&Threei}  :)
[09:37] {backman} C returning to yesterday's high
01[09:37] {&Threei} Short Setup: GDX  .67 break
01[09:37] {&Threei}  If holds  .75 
[09:37] {thomcbell} agreed on gdx 
01[09:39] {&Threei}  .60 is main thing to break
01[09:39] {&Threei}  .67 is kind of aggressive entry
01[09:39] {&Threei}  good boy
01[09:39] {&Threei}  girl?
[09:39] {ese} dino.....fcfs raisied to outperform...dn 6 bills
01[09:39] {&Threei}  1:1
[09:40] {ese} sheesh
01[09:40] {&Threei}  bad guidance ese
01[09:40] {&Threei}  and downgrade
[09:40] {dino} ty ese
01[09:41] {&Threei}  First Cash Financial Services Inc FBR Capital reiterates Outperform rating; price target: $58 (from $62)- Removed from FBR Top Pick list. - Price Target lowered to reflect reflect a reduced earnings outlook given continued gold pressure, Mexican peso depreciation, and slow U.S. consumer loan growth.
[09:41] {ese} talk about mixed signals
[09:42] {dino} tu?
01[09:42] {&Threei}  Cia De Minas Buenaventura-ADR Rpeortedly forecasts making $1B investment into the Chucapaca Gold plan
[09:42] {ese} wheres the dn grade not seeing it.....or is it the price target lowered?
[09:43] {dino} i have it on st smar pro 2 downgrades
01[09:43] {&Threei}  yes, snd removal from top pick list
01[09:43] {&Threei}  that outperfom is just reiteration
[09:43] {robbers} Thanks GDX.
01[09:43] {&Threei}  yw
01[09:43] {&Threei}  reiteration means desperation
01[09:44] {&Threei}  I'd never ever invest into something called "Chucapaca"
[09:44] {RonS} reiteration means "please buy our stock"...
[09:45] {thomcbell} make a note to buy it when he throws in the towel to sell
[09:45] {jdetente} how about chupacabra?
[09:45] {dino} rci sm l .99
[09:46] {dino} tu sm l .95 trig
01[09:46] {&Threei}  TU is linked to VZ bidding for Wind Mobile, dino
01[09:48] {&Threei}  chupacabra, is it different from platypus?
[09:48] {jdetente} I think they're cousins
01[09:49] {&Threei}  third being Aye-aye
[09:51] {jdetente} this family got a severe beating with the ugly stick
01[09:51] {&Threei}  lol
[09:51] {ese} tu performing nicely dino......good one
[09:51] {+cc_9} long GDX 22.71 tgt $23+
01[09:51] {&Threei} Long Setup:  FCX  .20 break
[09:52] {dino} out tru .75, +.80
[09:52] {dino} tu
01[09:52] {&Threei}  wtg
01[09:52] {&Threei}  If holds  .10 
[09:52] {dino} ty, symbol was tu not tru
[09:53] {dino} out rci .32, +.33
01[09:55] {&Threei}  let's recalibrate it
01[09:55] {&Threei}  .10 break long
01[09:56] {&Threei}  if loses .05, wait for a drop under 27
01[09:57] {&Threei}  hmmm... nemo and les both absent....
01[09:57] {&Threei}  stop under .05
[09:58] {dino} c hod, china app mutual funds
[09:58] {Les} hello
01[09:58] {&Threei}  aim to sell half right under .20
01[09:58] {&Threei}  les :)
[09:59] {Les} what u in?
01[09:59] {&Threei}  FCX
01[10:00] {&Threei}  no go
[10:00] {thomcbell} long small lvs 
[10:01] {+cc_9} out GDX -$0.10
[10:01] {+cc_9} what a dog
[10:02] {Will49} golden retriever
[10:02] {Les} CC u c SDS long here?
01[10:03] {&Threei}  lol will
01[10:03] {&Threei}  that's multi-layered joke
[10:03] {Will49} :)
[10:04] {RonS} goldendoodle...or is it goldendiddle?
[10:04] {Will49} lol
[10:04] {thomcbell} sold 1/2 lvs 51.12
01[10:04] {&Threei}  Supreme Court rules DOMA is unconstitutional
[10:04] {thomcbell} +0.25
01[10:05] {&Threei}  wtg
[10:05] {Les} DOMA?
[10:05] {jdetente} defense of marriage act
[10:05] {dino} shos drop
[10:05] {+cc_9} Les, yes, can scale light
[10:06] {+cc_9} VXX was picking up earlier, market could get a little nervous
[10:06] {+cc_9} most important eco data for today is gay marriage, so trade careful
[10:06] {Les} lol
[10:07] {thomcbell} out rest of lvs 51.15
[10:08] {Les} SDS works
01[10:08] {&Threei} Short Setup: FB  .25 break
01[10:08] {&Threei}  FACEBOOK - Where idiots complain about other idiots being idiots
[10:09] {Les} hey that's me u talking about
[10:09] {ese} good one cc
[10:09] {+cc_9} ugh GDX
01[10:10] {&Threei}  stop .32
[10:11] {dino} rci sm l .05
01[10:15] {&Threei}  cover half
01[10:16] {&Threei}  stop to .26
[10:20] {ese} L fslr .67
[10:24] {thomcbell} long setup splk 44.16 break if holding 44.06
01[10:24] {&Threei}  so, with all the great numbers we get bombarded, how was this possible
01[10:25] {&Threei}  *(US) Q1 FINAL GDP Q/Q ANNUALIZED: 1.8% V 2.4%E; PERSONAL CONSUMPTION: 2.6% V 3.4%E
[10:25] {dino} because the game is rigged
01[10:25] {&Threei}  heh
01[10:25] {&Threei}  remember yesterday's richmond fed? which I said was just a bs
[10:26] {dino} no, don't remember much of trading days
01[10:27] {&Threei}  32% Say U.S. Economy Getting Better, 39% Say Worse
[10:28] {ese} meaning another 30% don't care approx
01[10:29] {&Threei}  they are too deep into Survivor to notice anything else
[10:29] {thomcbell} splk 1:1 kind of 
[10:29] {ese} whats survivor?   survivor mode?
01[10:30] {&Threei}  reality show
[10:30] {ese} oh
[10:31] {ese} cut the tv off 18 years ago when my daughter was born...don't know these things
01[10:31] {&Threei}  hmmm... Boehner competes with me for the title of Captain Obvious:
01[10:31] {&Threei}  (US) House Speaker Boehner (R-OH): President Obama's policies are hurting growth
[10:31] {thomcbell} out splk
[10:32] {dino} stick it to him boehner
[10:33] {ese} that was really splick tom.....good one
01[10:33] {&Threei}  Supreme Court won't take up Prop. 8 case; paves way for same-sex marriage in California
01[10:33] {&Threei}  lose that .15 already FB
[10:35] {dino} rci stop .89 -.16
[10:36] {dino} rinsed
[10:36] {ese} fslr........DOOOOOOOO!!!!!!!!!! ITTTTTTTTTTT!!!!!!!!!!!
[10:36] {ese} do what you might ask
[10:36] {ese} well
[10:36] {ese}  let me tell you
[10:37] {ese} it like this see
[10:37] {ese} if this thing don't make me some frickin help me
[10:37] {ese} I'lll
[10:37] {ese} i'll
[10:37] {jdetente} breathe ese
[10:37] {ese} wait til it does
[10:37] {ese} so there
01[10:37] {&Threei}  that blue shade in face can't be healthy
01[10:38] {&Threei}  out FB balance on a trail
[10:38] {ese} rotflol
[10:38] {ese} good one
01[10:38] {&Threei}  so far 3 working trades - all scalps
[10:38] {Will49} dentist's market
[10:38] {jdetente} took full scalp on 2 of 3...feels like that kind of day
[10:39] {ese} barber's market
[10:39] {ese} with all this scalping going on
[10:39] {Will49} lol
[10:40] {jdetente} little big horn's market...
[10:40] {jdetente} is that politicall incorrect???
[10:40] {ese} good question
[10:40] {ese} ask vad
[10:40] {Will49} it is up here in BC
[10:40] {ese} we'll know if your not on the board tomorrow
[10:40] {jdetente} lol
[10:40] {jdetente} in Europe I think I would be arrested
[10:41] {jdetente} now since I have Native American ancestry am I allowed ? These PC rules are hard to follow
[10:42] {RonS}'s OK w/ me, Chief...
[10:42] {RonS} :D
01[10:42] {&Threei}  the solution might be to call yourself nonPC-American
01[10:42] {&Threei}  seems to work for all others
[10:42] {Les} I dunno
[10:43] {Les} I'm feeling a little spiteful
[10:43] {ese} hmmmmmmm
[10:43] {RonS} ...the new , the ultimate....minority
[10:43] {Les} and after climate change
[10:43] {Les} i think we can work togethor to tackle anti-PC people like JD
[10:43] {Les} what's that catchy word?
01[10:43] {&Threei}  with the same success as we did tackling climate change?
[10:43] {Les} ah yes... change
[10:44] {Les} hope
[10:44] {nemo} anti-pc?  My kinda' guy....BACK OFF!!!
01[10:45] {&Threei}  you are not going to believe it but:
01[10:45] {&Threei} Long Setup:  GLD  .80 break hl
[10:45] {nemo} the world would be a much better place if I were emperor
[10:46] {ese} lol
[10:46] {RonS} don't think so...enough rabbits already...
01[10:46] {&Threei}  too bad Les wouldn't be able to enjoy that better world
[10:46] {jdetente} Emperor Nemo...Emperor Nero...close
[10:46] {ese} weirdly enough.......i have to agree with that
[10:46] {nemo} I don't play the violin...I play the M60 machine gun
[10:46] {jdetente} but things would burn
01[10:47] {&Threei}  Invalidated  GLD 
[10:47] {ese} nemo being emperor of course
[10:47] {nemo} gotta' break a few eggs
[10:47] {ese} true
01[10:47] {&Threei}  fashion would be a weird thing in that better world... bulletproof vests under tank tops
[10:48] {jdetente} vests...military garb...sounds like the YMCA
01[10:48] {&Threei}  swim suit competitions would be very hard to judge
[10:48] {Will49} judge the bottoms
01[10:48] {&Threei}  double ones?
[10:48] {Will49} haha
01[10:49] {&Threei}  that puts interesting spin on Les's interest to triple bottoms
01[10:49] {&Threei}  all in all, Nemo's kingdom promises a lot of intriguing changes
01[10:50] {&Threei} Short Setup: GDX  .70 break
[10:51] {RonS} dammit missed
[10:53] {ese} tap tap tap...........tap tap tap........................tap tap tap   ...pause.....tap tap tap......the sound of fingers impatiently taping on destk waiting for profit to magically appear
[10:55] {ese} neyuck neyuck neyuck....dak dak dak..........three stooges afirmation of ese's profit
[10:55] {Will49} lol
[10:55] {ese} fslr.....DOOOOOOOO!!!!! IIIIIITTTTTTTT!!!!!!!
01[10:56] {&Threei}  US overtakes China as top investment destination, first since 2001
[10:56] {Will49} flight to safety
[10:56] {ese} you may wonder about my tirade.......aside from the insanity part.......i'm in a bit of a hurry this morning
01[10:57] {&Threei}  nah, we will settle for insanity
[10:57] {ese} lol
[10:57] {dptl} where is stop for gdx
[10:57] {dptl} ?
[10:57] {ese} I figerd
01[10:57] {&Threei}  .76
[10:58] {dino} rci sm l .90
[10:58] {RonS} saw the Stooges in person when a kid...@ a movie theater befor one of their
[10:58] {ese} neyuck neyuck neyuck........dak dak dak....neyuck neyuck neyuck.......
[10:59] {ese} that would have been funny
[10:59] {Will49} ron...was Eddie Cantor on same bill?
01[11:00] {&Threei}  1:1
[11:00] {RonS} no, but when in college saw eddie decanter...
[11:00] {Will49} lol
[11:01] {dptl} MAR .50 break short
[11:01] {ese} come on fslr.......just give me one parabolic move here........just one  ya no good peice ah......I mean....theres a good stock like your suppose to
01[11:02] {&Threei}  now FB breaks down
[11:03] {ese} hmmmmm might be forced to take something here...spyders breakdown
[11:05] {ese} bounce little sypder bounce
[11:06] {ese} send my stock into a parabolic stratospheric profit situation
[11:07] {ese} what a way with words eh?
[11:07] {Will49} have you had a pull on a BC flag this morning ese?
[11:08] {ese} huh
[11:08] {ese} whats that
[11:08] {dino} lol will
01[11:08] {&Threei}  I suspect he had a glass of water will... which diluted some of that vodka from saturday causing secondary effect
[11:08] {Will49} DP will explain
[11:08] {+cc_9} Les, hows that SDS 
[11:08] {+cc_9} gay marriage approved = market went down. Easy trade
01[11:09] {&Threei}  lol
01[11:10] {&Threei}  GDX balance stop to .68
[11:10] {Will49} ese....BC Flag = pot
[11:11] {Will49} soembody said that even the BC flag was woven from hemp
[11:11] {Will49} dp i think it was
01[11:12] {&Threei}  that was 4th scalp
[11:12] {ese} essssch..........didn't know that
[11:12] {Les} yeh good setup cc me too quick to take profits on scalp.
[11:14] {Les} misread your setup on GDX running out the door vad. GLD was approx. .70 at same time. made 1:5. metal moving a bit better than the miners
[11:14] {Les} hmmmm
[11:16] {ese} that ain't true......shoulda heard the way we were talking about you at the shiskabob party Les
[11:16] {nemo} wow
01[11:16] {&Threei}  we were talking? when did that happen? all I heard is people chewing and swallowing
01[11:18] {&Threei}  GDX...
[11:18] {robbers} Out GDX, thanks again.
01[11:18] {&Threei}  yw
[11:19] {Will49} tks Vad GDX
01[11:20] {&Threei}  :)
01[11:20] {&Threei}  lol
[11:21] {+cc_9} i only have one friend left here, thats Les
[11:21] {+cc_9} :(
[11:22] {Les} lol you poor fool
[11:22] {+cc_9} oh
01[11:22] {&Threei}  only if I am bribed properly
[11:22] {jdetente} the irony is Les only became your friend after the comment
[11:22] {Les} not bad jd
01[11:22] {&Threei}  rofl
[11:23] {+cc_9} lol
[11:23] {Les} I knew there was a reason I hit onto cc's 'trading style' so quikly
[11:23] {+cc_9} :D
[11:24] {dino} mck spike
01[11:26] {&Threei}  GLD... murder in progress
[11:28] {dino} mck sm s .70
[11:29] {+cc_9} WLT sliding 
[11:29] {+cc_9} { $10.00
[11:30] {dino} cov mck .30, +.40
[11:36] {dino} hawk drop
[11:36] {ese} gotta back later......end of year staff meeting
01[11:37] {&Threei}  drinks offered?
[11:38] {dino} hawk sm l .70
[11:41] {dptl} AGNC short?
01[11:41] {&Threei}  hl
[11:43] {dino} out hawk .00, +.30
[11:45] {dino} rci to .99 thing stuck
[11:46] {dino} out rci +.08
[11:54] {dino} lawyers biggest winners same sex marriage....doubles the number of potential divorce cases
[11:56] {Les} lol
[11:56] {Les} gotta run... suit, black tie and can of mace at my side. It's showtime
01[12:00] {&Threei}  those pajama parties become really weird
[12:00] {jdetente} lol
[12:01] {jdetente} apparently they also involve trading in showers
01[12:01] {&Threei}  maybe I just need to skip posting today's log altogether... :)
[12:01] {jdetente} may be necessary
[12:02] {Alexs} lol
01[12:12] {&Threei} Short Setup: GDX  .50 break
01[12:12] {&Threei}  If holds  .56 
[12:17] {dino} gra spike
[12:18] {+cc_9} anyone took a piece of that WLT ?
[12:18] {+cc_9} lil reversal
[12:19] {dino} no
01[12:21] {&Threei}  be back in 20 min guys
01[12:44] {&Threei}  bacl
01[12:44] {&Threei}  missed much I see
[12:45] {jdetente} they found the cure for climate change
[12:46] {jdetente} copious amounts of whisky
01[12:46] {&Threei}  I am down with that
[12:49] {dptl} stopped agnc
[12:51] {robbers} Please tell us you weren't taking a shower.
01[12:52] {&Threei}  me? god no
01[12:52] {&Threei}  I wait for the layer of dirt to reach half inch, then jump a few times and it cracks and falls down
[12:52] {dptl} gdx valid again?
01[12:52] {&Threei}  no
[12:53] {backman} put some fotos up on your blog....will be great fun to admire, I'm sure
[12:57] {dptl} apol short?
01[12:57] {&Threei}  there backman
01[12:58] {&Threei}  dp, stop it
01[12:58] {&Threei}  I don't even want to look at APOL
01[12:58] {&Threei}  I see your patern repeating
01[12:58] {&Threei}  room is 4 :1
01[12:58] {&Threei}  you?
[12:58] {dptl} ye you right...down
[13:04] {thomcbell} splk hehe
[13:19] {dino}  yrcw spike
[13:29] {backman} dang, C is about a dime away from morning high....hate wasting time in court
[13:30] {RonS} ya, but aren't you the judge?...
01[13:42] {&Threei} Short Setup: JPM  .67 break
01[13:43] {&Threei}  If holds  .74 
01[13:48] {&Threei}  You know you should go to sleep when the sheep you’re counting start to hit the fence
01[13:48] {&Threei}  lol
[13:52] {Will49} ooops, sorry I didn't laugh...was asleep
[13:52] {dino} meg spike
01[13:52] {&Threei}  meh
[13:53] {dptl} out jpm
[13:57] {dptl} see ya tomorrow all
[13:57] {dino} cya dp
[13:57] {Will49} cheers dp
01[14:00] {&Threei}  take care dp
01[14:09] {&Threei}  Sprott Gold and Minerals Fund - minus 49% year-to-date
[14:10] {Will49} ouch
01[14:11] {&Threei}  gurus...
01[14:11] {&Threei}  same story every time
01[14:30] {&Threei} Short Setup: CAT  .75 break
[14:30] {dino} rci sm l .60
01[14:30] {&Threei}  If holds  .82 
01[14:32] {&Threei}  meh
01[14:33] {&Threei} Short Setup: GLD  .75 break
01[14:33] {&Threei}  If holds  .85 
[14:33] {RonS} lol...Is it bad that the first thing I think of re: Aaron Hernandez arrest is what I should do with him in my Fantasy Football Keeper's League?
[14:35] {backman} ahh, he will be the butt of many jokes
[14:35] {dino} goes in as tight end, out as wide receiver
[14:35] {Alexs} GLD triggered?
01[14:35] {&Threei}  not yet
[14:35] {nemo} he "lived" about 20 minutes from me
01[14:35] {&Threei}  but it better
[14:35] {RonS} ...since he is a tight end...oh...sorry b-man...
01[14:36] {&Threei}  we need panic
01[14:37] {&Threei}  ok GLD
01[14:37] {&Threei}  die now
01[14:38] {&Threei}  die more
01[14:38] {&Threei}  die faster
01[14:38] {&Threei}  die merrier
01[14:39] {&Threei}  1:1
01[14:39] {&Threei}  1:2
01[14:39] {&Threei}  good boy
01[14:39] {&Threei}  finally something decent
[14:40] {Will49} tks Vad...needed that
01[14:40] {&Threei}  :)
[14:41] {dino} cov gld .55, +.20 ty 3i
01[14:41] {&Threei}  yw :)
01[14:42] {&Threei}  panic... my favorite
01[14:42] {&Threei}  1:3
[14:42] {dino} silver cut in half since oct.
01[14:43] {&Threei}  1:4
01[14:43] {&Threei}  1:5, out
01[14:43] {&Threei}  whew
01[14:43] {&Threei}
[14:43] {dino} nice
[14:44] {Will49} nice catch Vad
01[14:44] {&Threei}  ty
[14:46] {dino} must be some hedge fun pain on the gold trade...blow-up of one or more coming soon imo
[14:55] {dino} out rci .80, +.20
01[15:32] {&Threei}  subdued closing
[15:36] {+cc_9} how are people still buying RPTP 
[15:36] {dino} seriously
01[15:44] {&Threei}  OK guys, doesn't look like anything will come along for the close
01[15:45] {&Threei}  thank you all, have a great evening
01[15:45] {&Threei}  see you tomorrow
[15:45] {+cc_9} take care folks!
[15:45] {+cc_9} have a good one Vad.
[15:45] {Alexs} good night all
[15:46] {dino} gn all, thx for ideas
[15:47] {Will49} peace guys