Monday, July 1, 2013

July 1 2013

Nice morning followed by total yawn. To be expected this week.

Session Time: Mon Jul 01 00:00:00 2013
[09:08] {cipher} gm
01[09:09] {&Threei}  morning cipher
[09:09] {nemo} frickin' optimists
[09:12] {jdetente} Happy Monday
01[09:13] {&Threei}  jd :)
[09:13] {RonS} hello everyone
01[09:13] {&Threei}  ron :)
[09:19] {dino} gm
01[09:19] {&Threei}  dino :)
[09:24] {RonS} Oh....Canada Day....:)
01[09:25] {&Threei}  yes, and very proud to have it on another day than Independence Day :)
[09:25] {Alexs} gm
01[09:25] {&Threei}  alex :)
[09:26] {RonS} lol...AMZN - The French culture minister said Amazon pays too little in taxes, AMZN shrugs this off, trades up $1.40 in the pre.
[09:26] {Les} hi
01[09:26] {&Threei}  Les :)
01[09:27] {&Threei}  Ron, I suspect any company or individual that doesn't give them 100% pays too little
[09:27] {RonS} Huey Long: "Don't tax you, don't tax that man behind the tree".
[09:29] {ese} morning............happy Canada Day
01[09:30] {&Threei}  ese :)
[09:32] {nemo} Mutual fund Monday and we have an assault on the 50 sma in spy
01[09:32] {&Threei} Long Setup:  GDX  .85 break
01[09:32] {&Threei}  If holds  .80
01[09:33] {&Threei}  half oit
01[09:34] {&Threei}  stop to .84
[09:34] {robbers} Out, thanks.
01[09:34] {&Threei}  yw
[09:36] {dino} happy canada day guys
01[09:36] {&Threei}  thank you!
01[09:36] {&Threei}  got a few nice shots of fireworks over the water in nearby town
01[09:37] {&Threei}  will post them when get a chance to tidy them up
01[09:40] {&Threei}  wanted short on GDX reversal but to me it had to be above 25.05
01[09:40] {&Threei}  never got there
01[09:41] {&Threei} Long Setup:  GDX  .80 break
01[09:41] {&Threei}  If holds  .75
[09:42] {ese} gdx still good
01[09:43] {&Threei}  valid still, yes
01[09:43] {&Threei}  not anymore
01[09:43] {&Threei}  looking for different trigger
[09:43] {dino} pcyc smr s .97
01[09:46] {&Threei} Short Setup: ABX  .65 breeak
01[09:46] {&Threei}  If holds  .70
[09:47] {dino} pcyc stop .30, -.33
[09:49] {dino} apd sm l .05
[09:49] {ese} dino you still going with options to help with the trades
[09:50] {dino} yes
[09:50] {dino} 2-4 x / month
01[09:50] {&Threei}  1:1
[09:52] {robbers} Out, thanks.
01[09:52] {&Threei}  :)
01[09:54] {&Threei}  1:2
[09:56] {dino} out apd .65, +.60
01[09:58] {&Threei}  (US) Russia President Putin and Obama are said to have ordered the Russian FSB and the FBI to find a solution to the Snowden stand-off
01[09:58] {&Threei}  hmmm
[09:58] {Les} not sure whacking him is what public had in mind
[09:58] {RonS} pistols at 30 paces?
[09:58] {nemo} with Snowden in between
01[09:58] {&Threei}  one spy to another: let's just shoot him, easier fot everyone?
[09:59] {nemo} let him walk to Moscow from the airport
[09:59] {dino} you kidding me, russians want him alive, think of what he knows
01[09:59] {&Threei}  I think they already pumped him out for everything he ever knew :)
[10:00] {jdetente} gentle persuasion
01[10:00] {&Threei}  (US) JUN ISM MANUFACTURING: 50.9 V 50.5E; PRICES PAID: 52.5 V 50.5E
01[10:00] {&Threei}  *(US) MAY CONSTRUCTION SPENDING M/M: 0.5% V 0.6%E
[10:00] {nemo} inflation and expansion
01[10:01] {&Threei}  yup, they can be very gentle and very persuasive
[10:02] {dino} whats w/biotecks today? all serious spikes
01[10:02] {&Threei}  to illustrate this, the KGB guy interrogating me in 1993 started with telling a joke:
[10:03] {nemo} gap and gone day
[10:03] {Les} hope it was a good one vad
01[10:03] {&Threei}  you be the judge
01[10:03] {&Threei}  two sit nervously in the hall, waiting to be called for the interrogation,
01[10:03] {&Threei}  all of a sudden a camel comes out of the office and stuggers through the hall
01[10:04] {&Threei}  One says: wow, a camel?? never seen one around here
01[10:04] {&Threei}  Secretary coming out of the same door, to call the next one:
01[10:04] {&Threei}  What camel? I't a horse, after the interrogation
[10:04] {jdetente} ha
01[10:05] {&Threei}  sets the tone, eh? :)
01[10:06] {&Threei}  EBAY Hearing chatter that activist investor Icahn could be eyeing potential involvemnet in the company
[10:06] {Les} hmmmmm
[10:06] {Les} ABX couldn'0t hold .50
01[10:06] {&Threei}  what, you haven't found it funny?
01[10:06] {&Threei}  neither have I, and that was the point :)
01[10:06] {&Threei}  wow
[10:06] {Les} ah ok
[10:06] {dino} p sm s .01
01[10:07] {&Threei}  or you thought he told it to entertain me?
[10:08] {Les} yeh, what's use of being in public service if you can't keep customer happy? :)
01[10:08] {&Threei}  hehe
[10:08] {Les} ty dino partial P here
[10:10] {dino} \p stop .02-.01
01[10:12] {&Threei}  what was that that sent PMs and miners dpown sharply... no news
[10:13] {Les} not wowing with this miner rally
[10:13] {dino} env sm s .35
[10:13] {Les} AAPL potential DB in daily
01[10:13] {&Threei}  folks looking for gold to bottom out and rally don't get it
01[10:14] {&Threei}  it will bottom out eventually but rally as in make new all time hihgs? not bloody likely
01[10:14] {&Threei}  that investment thesis they used for a few years is dead
[10:17] {dino} pbyi smr s .00
[10:18] {Les} FCX stuck at vwap resistance
[10:19] {+cc_9} SPY no sign of weakness
[10:19] {+cc_9} Need a fade sub 162.20 for some profit taking
01[10:21] {&Threei} Long Setup:  GDX  .25 break
01[10:21] {&Threei}  If holds  .20
[10:21] {jdetente} ABX
01[10:21] {&Threei}  crap... ABX
01[10:21] {&Threei} Long Setup:  ABX  .25 break
01[10:24] {&Threei}  Invalidated
[10:25] {dino} sivb spike
[10:29] {dino} cov pbyi .25, +.75
[10:29] {Les} nice one
01[10:30] {&Threei}  @TheTweetOfGod
01[10:30] {&Threei}  Happy Canada Day to the country whose job is to sit on top of America and keep it from exploding.
01[10:30] {&Threei}  lol
[10:30] {Les} hehe
[10:30] {jdetente} lol
[10:30] {dino} ty
[10:30] {jdetente} I thought it was a hat to keep us warm??
01[10:31] {&Threei}  maybe it's seasonal job?
[10:31] {jdetente} like a guest worker program
01[10:31] {&Threei}  lol
[10:32] {dino} sivb sm s .25
[10:35] {robbers} Am about to read a book about America exploding called, "Unwinding".  Will give you guys a book report.
01[10:36] {&Threei} Short Setup: BBY  .25 break
01[10:36] {&Threei}  If holds  .32
01[10:37] {&Threei}  George Packer?
[10:38] {+cc_9} Egypt military issues a 48hour ultimatum to find a "solution"
[10:38] {dino} wow, got f#cked on sivb stop. was at .00, filled .24
[10:39] {dino} buy stop that was
[10:45] {robbers} Yes, Packer, will get the book today via Amazon.
[10:47] {RonS} didn't he lead the SF parade over weekend w/ partner Paul Smoker?
01[10:54] {&Threei} Short Setup: ABX  .15 break
[10:55] {jdetente} .20 or .25?
01[10:55] {&Threei}  .25 for now
01[10:55] {&Threei}  but will trail faster than usual
[10:55] {ese} L srpt .30
01[10:56] {&Threei}  after .10 break
01[10:56] {&Threei}  stop to .21
[11:06] {dino} cov env ave .18, +.17
01[11:06] {&Threei}  Russian President Putin says Russia will never hand over NSA leaker Edward Snowden to the US
[11:07] {dino} told ya
01[11:08] {&Threei}  even if they didn't need them at all, they would keep him just out of spite
01[11:08] {&Threei}  no go ABX
[11:09] {Les} Putin don't miss a chance to throw his weight around
[11:16] {Les} don't blame him either, had Germans and Brussells rubbing democratic values into his face during the good times... it's payback
[11:18] {ese} out 1/2 srpt .59 +.29 a crap load
[11:19] {ese} stop to break even balance
[11:20] {Les} slw DT without me. oh well
01[11:21] {&Threei} Long Setup:  IWM  .75 break
01[11:21] {&Threei}  If holds  .65
[11:25] {+cc_9} 1.5 hours of seesaw
[11:25] {+cc_9} gonna be a slow week all around
01[11:26] {&Threei}  certainly
01[11:26] {&Threei}  I suggest to take Friday off
01[11:26] {&Threei}  it will be exercise in futility
01[11:27] {&Threei}  let's better have 4 days weekend
[11:27] {RonS} out srpt .68 from .33 a mini-ese-crapload +.35  thanks ese
01[11:27] {&Threei}  room will be functional of course for those who want to try
01[11:27] {&Threei}  but I'd take a day off with your kind permission
[11:28] {ese} nice one ron\
[11:28] {RonS} you deserve it work a lot harder than anyone else...
[11:28] {+cc_9} i just want a fade below 162.00. Seems like asking for too much
[11:29] {Les} fill out a form in triplicate vad and I'll have an answer for you by next Monday
01[11:29] {&Threei}  thanks Ron... few seem to think so :)
[11:29] {Les} practising to be a public servant
01[11:29] {&Threei}  not bad Les
[11:29] {RonS} not your wife...:)
01[11:29] {&Threei}  hehe
01[11:30] {&Threei}  vome on IWM
01[11:30] {&Threei}  you are ready
01[11:30] {&Threei}  break
01[11:30] {&Threei}  and run
01[11:30] {&Threei}  or walk
01[11:30] {&Threei}  or crawl
[11:31] {ese} the guy does nuttin Ron.....what can we ya ehhhhhh.....barbecues great shsiskabob and dats it!!!!!
01[11:31] {&Threei}  hey!!
01[11:31] {&Threei}  I also walk around the table with glass AK-47 in hand!
01[11:32] {&Threei}  and pour vodka from it
[11:32] {ese} hmmmmmmm   ese begins to think explulsion from the board
01[11:32] {&Threei}  so far so good IWM... 6 cents more, will ya?
01[11:36] {&Threei}  wtf SPY
[11:36] {jdetente} son of a
[11:36] {nemo} it's hanging right at the 50 but is showing short
01[11:36] {&Threei}  sigh
[11:37] {jdetente} the worm is eating the apple
[11:37] {jdetente} (the apple is morning profits)
01[11:37] {&Threei}  (PT) Reportedly Portugal Finance Minister Gaspar may resign from his position, PM Coelho to meet with the president
[11:41] {nemo}
[11:42] {dino} markets close 1 pm wednesday right?
[11:43] {RonS} yes
[11:44] {RonS} lol nemo
[11:45] {RonS} Obama in Cape Town Announcing Plan to Boost Africans’ Electricity Access
[11:46] {jdetente} that is disturbing Nemo
[11:46] {jdetente} or is it Nemo is disturbing
[11:46] {RonS} tells them to buy the American coal he is banning...
[11:46] {+cc_9} SPY going on 2 hours of chop
[11:47] {Les} BBY might be offering low risk short here
[11:47] {RonS} should we start a pool?
01[11:48] {&Threei}  about what?
[11:49] {RonS} choices? 1.  how many hours of chop  2.  how many hours of chop before c stops reporting chop 'cause gone on so long...
01[11:49] {&Threei}  lol
[11:49] {ese} out balance srpt .66 +.36 2k/2k
[11:50] {ese} been a good and am off band is playing Canada Day in Nanaimo cyou tomorrow
[11:50] {RonS} gj ese...guessing yours bigger than that bear...
[11:50] {ese} tks ron
[11:50] {ese} lol
[11:51] {+cc_9} Breaking news : chop continues
[11:54] {RonS} cc went to Florida State?...a Braves fan?
[11:59] {Les} gld reversal potential here
[11:59] {Les} tight setup
[12:00] {Les} and I frikin blew trigger sheesh outta here
[12:05] {dino} pbyi sm s .46
[12:10] {dino} cov pbyi .83, +.63
[12:12] {dino} strange day, 7 trades, 6 of them short.
[12:12] {dino} env hod
01[12:21] {&Threei}  frikin IWM
01[12:35] {&Threei} Short Setup: CAT  .90 break
01[12:36] {&Threei}  If holds  83
[12:36] {Alexs} long?
01[12:36] {&Threei}  ?
[12:37] {Alexs} sorry
[12:41] {+cc_9} slap chop
[12:49] {jdetente} chopping
01[12:49] {&Threei}  tradeable morning... then it's all about keeping profit
[12:50] {jdetente} at this point yup
[12:50] {Alexs} did you get stop Vad?
01[12:50] {&Threei}  yes
[12:57] {dino} env spike
[13:01] {dino} sm s .47 env
[13:04] {+cc_9} P was a nice bounce off 19.00. Eyeing any wall 19.60
[13:14] {+cc_9} SPY @ bottom of channel...would be nice to get a break sub 162.00 already
[13:14] {+cc_9} (bottom of channel intraday = 162.06)
[13:19] {nemo} iwm and aapl help holding things up
[13:36] {nemo} get your chin stitched yet Vad?
01[13:37] {&Threei}  twice
[13:38] {dino}  lol
[13:38] {nemo} Can hear the conversation now:
[13:38] {nemo} "So, what happened to your chin?"
[13:39] {nemo} "Trading"
01[13:39] {&Threei}  well... you know what they say about most dangerous sport
[13:39] {nemo} What?  you trade something to somebody and they weren't happy and they punched you?
[13:39] {nemo} No
01[13:39] {&Threei}  chess
01[13:39] {&Threei}  you cxan fall asleep and hit your eye with a queen
[13:39] {nemo} I was so bored, I fell asleep at my desk and split my chin
[13:40] {nemo}
[13:45] {+cc_9} welp
[13:45] {nemo} ?
[13:46] {+cc_9} got the 162 break i was looking for, nemo
[13:47] {+cc_9} since 10AM
[13:47] {+cc_9} *yawn*
[13:49] {dino} env bstop to .23
[13:52] {dino} to .16
[13:56] {dino} cov env .14, +.33
01[14:29] {&Threei} Short Setup: CAT  .96 break
01[14:29] {&Threei}  .95
01[14:29] {&Threei}  If holds  83
[14:30] {robbers} Missed it.
01[14:30] {&Threei}  late alert... didn't get fill
01[14:46] {&Threei}  while waiting for something to come along, fireworks from yesterday:
[14:50] {jdetente} nice shots
01[14:51] {&Threei}  ty
[14:51] {jdetente} speaking of shots...
[14:51] {jdetente} time for a double
[14:51] {dino} indeed
01[14:53] {&Threei} Short Setup: BBRY  .20 break
01[14:53] {&Threei}  If holds  .25
[15:04] {jdetente} alright guys I've gotta go. Have a good rest of day
01[15:04] {&Threei} Long Setup:  LVS  .25 break
01[15:04] {&Threei}  take care jd
01[15:05] {&Threei}  If holds  .15
[15:18] {dino} calling it a day, thx all, decent one
01[15:18] {&Threei}  take care dino
01[15:22] {&Threei}  both are invalidated
[15:36] {Les} great spy drop from vwap how goes the day?
01[15:36] {&Threei}  nothing happens
01[15:36] {&Threei}  at all
[15:37] {Les} ok. kids end of year school shit here so that's outta the way
01[15:40] {&Threei}  LVS was worth a fade
01[15:40] {&Threei}  in hindsight
[15:42] {Les} a+ c u's tomorrow
01[15:44] {&Threei}  Ok guys, nothing to hunt really
01[15:44] {&Threei}  have a good evening, let's scalp something tomorrow morning