Friday, June 28, 2013

June 28 2013

Not our day really. Even with couple good trades and one very good, overall choppiness kept us in red.  A few too many rinses.

[08:01] {thomcbell} bbry
[09:07] {Les} yo
01[09:10] {&Threei}  morning les
[09:10] {backman} gm
01[09:10] {&Threei}  bman :)
[09:10] {Les} looks like gold could slide here, maybe faster than expected
[09:19] {Will49} gm
01[09:19] {&Threei}  will :)
[09:21] {Alexs} gm
[09:21] {dptl} gm
[09:22] {dino} gm
01[09:23] {&Threei}  alex, dp, dino :)
01[09:25] {&Threei}  poor BBRY
[09:26] {backman} anyone recall the paired symbols cc9 mentioned a few days ago
[09:26] {Les} you mean his male shower show?
[09:26] {RonS} bmw
[09:27] {bbobr} gm
[09:27] {cipher} gm
01[09:27] {&Threei}  bbobr :)
[09:27] {RonS} before morning works...
01[09:27] {&Threei}  cipher :)
01[09:27] {&Threei}  [BBRY] CFO: Company ended Q1 with 72M subscribers, down 4M q/q; to discontinue providing subscriber metrics in the future
01[09:28] {&Threei}  probably because those metrics are so good
[09:28] {Les} lol
01[09:28] {&Threei}  right?
01[09:28] {&Threei}  right?'
01[09:28] {&Threei}  they don't want competitors to have the inferiority complex
[09:28] {nemo} Russell rebalancing today....oy
[09:29] {jdetente} gm
01[09:30] {&Threei}  jd :)
01[09:30] {&Threei} Short Setup: GDX  .50 break
01[09:30] {&Threei}  If holds  .55
01[09:32] {&Threei}  change to .55 break
01[09:32] {&Threei}  If holds  .60
01[09:34] {&Threei}  meh
01[09:36] {&Threei} Short Setup: GDX  .80 break
01[09:36] {&Threei}  If holds  .85
[09:39] {nemo} PMI coming
[09:39] {nemo} early look at 10
01[09:40] {&Threei}  (US) Preview: Jun Final University of Michigan Confidence expected at 09:55 ET (13:55 GMT)- Consensus expectations: 83.0e v 82.7 prelim
01[09:42] {&Threei}  not delighted
[09:43] {Alexs} it's summer time to change foor boots
[09:44] {ese} hmmmmmm am I in this time.....
01[09:44] {&Threei} Long Setup:  BBRY  .35 break
[09:44] {ese} lordy be!
01[09:44] {&Threei}  If holds  .30
01[09:45] {&Threei}  *(US) JUN CHICAGO PURCHASING MANAGER: 51.6 V 55.0E
[09:45] {+cc_9} late morning everyone
01[09:45] {&Threei}  morning ese, cc9
[09:46] {ese} report not good...therefore mrkts going to go up
01[09:46] {&Threei}  come on BBRY... some spine?
[09:46] {nemo} FED can't back out]
01[09:46] {&Threei}  nah
01[09:49] {&Threei}  SoMG!
[09:50] {dino}  wed close gap fill, still have tues gap open below
01[09:50] {&Threei}  1:1... frikin rinse
[09:51] {jdetente} 1:2
01[09:51] {&Threei}  sigh
[09:51] {dino} sstk at it again
[09:51] {Alexs} you made it jd?
[09:51] {jdetente} nope
[09:52] {jdetente} just watching
[09:52] {nemo} finnies at 50 day
01[09:53] {&Threei}  (*&^#)*^
[09:53] {jdetente} yeah that one stings
01[09:53] {&Threei}  .70 was exactly what I had in mind for this entry
01[09:55] {&Threei}  *(US) JUN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 84.1 V 83.0E
01[09:55] {&Threei} Short Setup: GLD  .25 breeak
[09:55] {Will49} misplaced confidence
01[09:55] {&Threei}  If holds  .35
01[09:56] {&Threei}  half out +.20
01[09:56] {&Threei}  1/4 more out
01[09:56] {&Threei}  +.35
01[09:56] {&Threei}  stop .01
01[09:56] {&Threei}  that's better!
[09:56] {dino} gj
01[09:57] {&Threei}  good confidence numbers = gold is not needed
01[09:57] {&Threei}  and numbers come out right at the support to break
01[09:57] {&Threei}  dream scenario
[09:59] {jdetente} awesome
01[09:59] {&Threei}  out last part on a trail
[09:59] {jdetente} thanks
01[09:59] {&Threei}  yw sir
01[09:59] {&Threei}  this one trade covered three small stops and then some
06[10:08] * pragmatic test
[10:09] {dino} azz getting kicked
[10:09] {dino} apd sm l .90
01[10:10] {&Threei} Long Setup:  BBRY  .60 break
01[10:10] {&Threei}  If holds  .50
[10:11] {dino} apd stop .71 -.19
[10:13] {backman} bbry triggered?
[10:13] {dino} apd sm l .75
[10:15] {dino} sap sm l .70
[10:15] {dino} mgi spike
01[10:15] {&Threei}  yes
01[10:17] {&Threei} Short Setup: JPM  .60 break
01[10:18] {&Threei}  If holds  .65
01[10:19] {&Threei}  Invalidated
[10:21] {dino} abfs spike
01[10:22] {&Threei}  JPM is valid again
01[10:22] {&Threei}  If holds  .67
[10:23] {dino} apd stop .49 -.26
01[10:26] {&Threei}  really BBRY?
01[10:28] {&Threei}  is it one of those days I'd better stayed in bed?
[10:28] {Will49} that makes two of us
[10:28] {nemo} wow gld
[10:33] {Will49} my momma told me there'd be days like this:)
[10:33] {Will49} or was it Vad?
[10:33] {dino} same here so far
[10:34] {Will49} as we used to say....some do some don't...next!
01[10:34] {&Threei}  some days you are a windshield... some days you are a bug
01[10:35] {&Threei}  and some days it rains
[10:35] {nemo} and you get washed off the windshield
01[10:35] {&Threei}  GLD short softened the blow, but I wouldn't mind to find couple more like this
[10:43] {+cc_9} Finishing the month with an SSO bang :)
[10:44] {dino} apd was a big rinse
[10:45] {Les} http://tinyurl.com/nvurp44
[10:49] {jdetente} Les isn't this the same guy that says you can't make money daytrading?
[10:51] {Les} dunno
[10:52] {dino} mdso spike
[10:52] {jdetente} Yeah it is
[10:52] {jdetente} http://www.thereformedbroker.com/2013/05/12/advice-for-dylan-the-daytrader/
01[10:52] {&Threei}  consider the source... he never day traded himself, and is working for a fund soliciting money under management
01[10:53] {&Threei}  ever DIY trader is one less potential client for him :)
[10:53] {jdetente} yup
[10:55] {dino} out sap .00, +.30
01[10:55] {&Threei}  BBRY... I run out of words
[10:55] {Les} tza potential db
[10:55] {jdetente} those two trades today...grrr
01[10:59] {&Threei} Long Setup:  TZA  .35 break
01[10:59] {&Threei}  If holds  .30
[10:59] {nemo} iwm a funny trade today with the rebalancing
01[11:01] {&Threei}  can you cut your wrist with a banana?
[11:01] {jdetente} rotten banana
[11:01] {nemo} finnies and spy gotta' close gaps, bring iwm with it
[11:03] {dino} lhcg sm l .75
[11:12] {nemo} TDC looks short
[11:18] {dino} who pulled the plug on the markets? things are dead
[11:18] {nemo} finnies spy got to pivots
[11:19] {Les} long sds .42 holding .35
[11:24] {Les} half out
[11:26] {nemo} GG looks short
01[11:26] {&Threei} Short Setup: ABX  .55 break
01[11:26] {&Threei}  If holds  .65
[11:28] {nemo} rax looks shot
[11:32] {dino} halo spike
01[11:35] {&Threei}  1:1
01[11:36] {&Threei}  believe it or not
[11:36] {dino} lhcg stop .62 -.13
[11:37] {dino} halo sm l .08
[11:38] {dino} out halo .48, +.40
[11:39] {dino} cellulite drug?
[11:41] {nemo} yelp interesting short
[11:41] {nemo} very interesting
01[11:41] {&Threei}  Roche Holding AG European CHMP recommends approval of subcutaneous Herceptin (update) - press- Follow up: HALO notes the positive Opinion from CHMP on Roche's Herceptin (trastuzumab) SC for European approval, using Halozyme's recombinant human hyaluronidase (rHuPH20) for the treatment of patients with HER2-positive breast cancer in Europe.
[11:47] {nemo} cnx interesting if market weakens
01[11:50] {&Threei}  - The second quarter comes to a close today, and data, rebalancing and quarter-end flows are making for a choppy session.
01[11:50] {&Threei}  no kidding
01[11:50] {&Threei}  but hey, 1:3 on ABX will pacify me nicely
[11:53] {ese} not i'm not......i'm lurking
[11:53] {ese} and about to go L srpt
01[11:55] {&Threei}  scalp...
[12:00] {dino} corn drop
[12:02] {dino} sm l .58
[12:02] {Les} christ look at the futures on corn
[12:03] {Les} nice catch dino
[12:03] {dino} out corn .88, +.30
[12:03] {dino} ty les
[12:04] {Les} short abx again
[12:05] {dino} damn sold about .50 too soon
[12:10] {dino} arii spike
01[12:10] {&Threei}  1:2 now
[12:10] {Les} cover half 1:1
[12:10] {jdetente} good call Les
[12:11] {Les} when vad has off days I keep an eye on the stocks. might be a false break before the real one
[12:12] {Les} sometimes I fade the stock to cover a loss. did that with JPM
[12:12] {Les} fade the setup I mean
[12:12] {Les} funny, missed GLD with a sandwich in hand and olive oil threatening to go everywhere
[12:12] {Les} flipped charts to gdx
[12:13] {Les} hit SELL!
[12:13] {Les} alas, only a scalp
[12:13] {Les} the GLD order I was too late on
[12:13] {Les} gets hit on the huge bounce
[12:13] {jdetente} today has the stink of goat all over it
[12:13] {Les} I'm short the bounce
[12:13] {Les} see that it tops out
[12:13] {Les} and hit sell again for the next drop
[12:13] {Les} seat of the pants sorta trading today
[12:15] {dino} it's a don't force it type day. chill out, wait for setups
[12:16] {dino} arii sm s .01
[12:16] {backman} BBRY just flat lined...any feeling for break?
01[12:17] {&Threei}  yeah. I feel like breaking its legs with baseball bat
[12:17] {Les} hehehe
[12:17] {dino} too thick for me batman
[12:18] {dino} corn drops again
[12:18] {RonS} cornholio?
[12:18] {Will49} hey......
[12:19] {dino} i knew it was just a matter of time
[12:20] {dino} ben drop
[12:21] {nemo} wow, and I was gonna' make a joke about Les pant seat
[12:22] {Les} well u showed everyone how great a human being you are buying keeping yer friking comments to yerself
[12:22] {Les} ABX nother scalp
[12:22] {nemo} didn't know I was held in such high esteem
[12:23] {dino} figured someone would hit that ben drop, as in ben dover
[12:25] {backman} took a small long at .85
[12:26] {backman} scalped out...+.07
[12:32] {dino} arii to .72
[12:33] {dino} cov, slip .75, +.26
[13:00] {Les} sm short gdx .08
[13:00] {Les} holding .15
[13:01] {Les} .16
01[13:02] {&Threei} Long Setup:  CAT  .60 break
01[13:04] {&Threei}  If holds  .55
01[13:10] {&Threei}  half out
[13:13] {Les} gDX cup and handled on me
01[13:18] {&Threei}  1/4 more out
01[13:18] {&Threei}  CAT is my last friend
[13:19] {Alexs} was stopped on CAT, broke .55
01[13:19] {&Threei}  are you using automated stops?
[13:20] {Alexs} that time yes
01[13:20] {&Threei}  that's why I hate them
01[13:20] {&Threei}  .54 blinked for a fraction of a second and disappeared immediately, price jumped right back
01[13:20] {&Threei}  manually I'll never get out on that
01[13:21] {&Threei}  auto stop will react
[13:22] {Alexs} yeah but it's scaring market today
[13:39] {Les} sm long sds .52 holding .45
[13:47] {dino} dust going for that mid june gap
[13:52] {nemo} I'd get out les
[13:57] {Les} http://tinyurl.com/oudlmx2
[13:57] {Les} absolutely gorgeous as background wallpaper
[13:58] {Les} great shot and beautiful animal
[14:07] {Les} http://tinyurl.com/lxgxlqc
[14:12] {Les} vad slw .75 breakdown if it doesn't make it past .85?
[14:13] {Alexs} fur boots looks short here
01[14:19] {&Threei}  sorry guys, was away for a min
01[14:35] {&Threei}  things are stalled... no compelling trade right now
[14:36] {nemo} gonna' get funny around 3:30
01[14:41] {&Threei}  yeah but which way?
[14:44] {Les} really tryin to force it higher
[14:44] {Will49} Gotta leave early. Will be off-line until August so happy holidays to the North Americans and happy weekend to the rest...cheers
[14:45] {Les} lol not even time to say bon vacance
01[14:47] {&Threei}  take care will, have fun
01[14:47] {&Threei}  (because I am that polite)
[14:52] {dino} take care will
[15:00] {dino} 20 yr spike, tlt
02[15:05] * Disconnected
Session Close: Fri Jun 28 15:05:00 2013

Session Start: Fri Jun 28 15:05:00 2013
Session Ident: #discussions
02[15:05] * Attempting to rejoin channel #discussions
03[15:05] * Rejoined channel #discussions
[15:05] {Les} can't believe it
[15:05] {Les} he left us
02[15:05] * Disconnected
Session Close: Fri Jun 28 15:05:24 2013

Session Start: Fri Jun 28 15:05:24 2013
Session Ident: #discussions
02[15:05] * Attempting to rejoin channel #discussions
03[15:05] * Rejoined channel #discussions
[15:05] {dino} athn drop
01[15:05] {&Threei}  wtf
[15:05] {Les} spy fas at vwap
[15:05] {Les} i know its friday arvo and all vad
01[15:19] {&Threei} Short Setup: BBRY  .45 break
01[15:19] {&Threei}  If holds  .55
[15:21] {dino} pcyc drop
01[15:28] {&Threei}  BBRY... you've been a bad boy today, and you can earn our respect again by breaking down and panicking
01[15:31] {&Threei} Long Setup:  APOL  18 break hl
01[15:31] {&Threei}  If holds  .90
[15:43] {dino} calling it a week. thx all
01[15:43] {&Threei}  take caree dino
[15:44] {dino} will do, you 2
01[15:49] {&Threei}  well, it's not an ultimate definition of "not my day" but... it's not my day
06[15:49] * Les slaps Threei around a bit with a large trout
[15:49] {Alexs} lol
[15:49] {Les} bon weekend
[15:49] {Les} c u's monday
01[15:49] {&Threei}  havce a good weekend guys, see you Monday
[15:50] {jdetente} til Monday. Have a great weekend guys
[15:57] {bbobr} gn all