Monday, August 5, 2013

Aug 05 2013

Hitting 1:3 as I post it. BBRY, formerly known as a biggie... Who said August had to be boring?

And another 1:3er:

Session Time: Mon Aug 05 00:00:00 2013
[08:51] {dino} gm. i miss much last week?
01[08:52] {&Threei}  morning dino
01[08:52] {&Threei}  fantastic week actually
01[08:52] {&Threei}  surprisingly
01[08:53] {&Threei}  how was your cruise?
[08:55] {dino} cruise was awesome
01[08:55] {&Threei}  :)
[09:16] {RonS} gm...did everyone see the post by that supposed hard case Nemo?
01[09:16] {&Threei}  ron :)
01[09:16] {&Threei}  what post?
[09:16] {nemo} which one?  the singing doggie?
01[09:16] {&Threei}  ah
01[09:17] {&Threei}  have you seen mine, with underwater camera in crab trap, ron?
[09:17] {nemo} So, my bank's website has a listing of non-surcharge ATMs you can use outside of their ATMs.  Those institutions won't charge you, but my bank charges you for using their ATMs...go figure
[09:17] {RonS} have not
01[09:18] {&Threei}
[09:19] {ese} morning
[09:20] {ese} took friday off
01[09:20] {&Threei}  ese :)
01[09:20] {&Threei}  was a great day for us
[09:20] {ese} thats why I did it..........i've just been draggin you down
01[09:21] {&Threei}  umm, not really... whole last week was good, lol
01[09:21] {&Threei}  so you might have been trying... but failed
[09:22] {nemo} frickin' rabbit is hitting me up for raisins
[09:22] {nemo} and I thought tortilla chips were bunny crack
[09:23] {RonS} nice video 3i, good color and great resolution
[09:24] {nemo} Vad's got crabs!
01[09:24] {&Threei}  not my filming :)
[09:25] {cipher} gm
01[09:25] {&Threei}  cipher :)
01[09:25] {&Threei}  watching TZA as possible first play
01[09:26] {&Threei}  SPY looks breakdownish
[09:27] {RonS} those technical terms are so confusing...
[09:27] {Alexs} gm
01[09:28] {&Threei}  alex :)
01[09:28] {&Threei}  I am working of the dictionary Ron
01[09:29] {&Threei}  of = on
01[09:30] {&Threei} Long Setup:  TZA  .55 break
01[09:31] {&Threei}  If holds  .48
01[09:32] {&Threei} Short Setup: GDX  .75 break
01[09:32] {&Threei}  If holds  .82
01[09:37] {&Threei}  no go GDX
03[09:37] * Retrieving #discussions modes...
[09:38] {nemo} think tna or sso are buys here
[09:38] {nemo} finnies not cofirming though
[09:39] {+cc_9} Morning folks.
01[09:39] {&Threei}  cc9 :)
01[09:39] {&Threei}  narrow opening
01[09:40] {&Threei}  trail TZA to under .50
01[09:42] {&Threei} Long Setup:  MOS  41 break hl
01[09:42] {&Threei}  If holds  .90
[09:43] {+cc_9} SR, can we see sub $12 today...i've waited long enough
01[09:44] {&Threei}  1:1
01[09:45] {&Threei}  TZA half out
01[09:45] {&Threei}  stop to .54
01[09:46] {&Threei}  MOS 1:2
[09:46] {+cc_9} STXS closing in on double digits
[09:49] {dino} idcc sm l .01 gappy
01[09:49] {&Threei}  crucial information:
01[09:49] {&Threei}  Zimbabwe's main stock exchange index plunges 11% in 1st trading day after official Mugabe victory - @Reuters
01[09:51] {&Threei}  OK, both are closed on trails
[09:52] {nemo} expe
01[09:53] {&Threei} Short Setup: GLD  .40 break
01[09:53] {&Threei}  If holds  .50
[09:54] {dino} idcc stop .71 -.30
[09:55] {dino} hbc sm l .01
01[09:56] {&Threei}  Invalidated
01[09:56] {&Threei}  let's wait out the numbers
01[09:59] {&Threei}  *(US) JULY ISM NON-MANUFACTURING COMPOSITE: 56 V 53.1E
01[10:00] {&Threei}  argh... GLD got away
01[10:01] {&Threei}  had in mind changing trigger to .50 but numbers crushed it before I could finish the thought
[10:01] {dino} usu spike
01[10:07] {&Threei} Short Setup: BBRY  .50 break
01[10:07] {&Threei}  If holds  .55
[10:10] {+cc_9} SR continues to defy the simplest law of physics
[10:10] {+cc_9} All with a laughable volume
[10:11] {nemo} like trying to understand women
01[10:12] {&Threei}  actually, couple years ago one of IBM supercomputers did understand them. It's just that they changed their mind right that minute
01[10:12] {&Threei}  1:1 BBRY
[10:12] {dino} scty spike
[10:13] {nemo} spy the last to close the gap
[10:15] {RonS} took hbc .90 to .15 +.25  thanks dino
[10:17] {dino} out hbc .26, +.25
[10:17] {dino} np, gj ron
01[10:17] {&Threei}  nice one guys
[10:18] {dino} cboe drop
01[10:18] {&Threei}  1:2
01[10:18] {&Threei}  what a cute little reversal
01[10:18] {&Threei}  on a cute little stock that used to be big and intimidating
[10:18] {dino} idcc lod
01[10:18] {&Threei}  sic transit gloria mundi
[10:19] {dino} cboe sm l .60
[10:24] {+cc_9} SR / STXS 15min charts, feel like im looking at .pk stocks
01[10:24] {&Threei}  visual:
[10:29] {+cc_9} EXPE breaking out on the 30min chart.
[10:30] {nemo} yeah shook me out on the drop to vwap
[10:31] {+cc_9} plenty room on the upside once it clears $51
[10:31] {nemo} yeah,
[10:31] {nemo} coh too
[10:33] {+cc_9} Yup, same idea
[10:33] {dino} cboe stop -.16
[10:34] {dino} rinsed
[10:42] {dino} spex
01[10:43] {&Threei} Short Setup: C  .10 break
01[10:43] {&Threei}  If holds  .15
[10:47] {+cc_9} SPY pulling back at Friday's highs
[10:49] {ese} L met .95
01[10:49] {&Threei}  stop is .13 now
01[10:50] {&Threei}  risk is negligible
[10:53] {dino} spex crazy
01[10:53] {&Threei}  half out
01[10:53] {&Threei}  1:1 is close enough
01[10:54] {&Threei}  stop to .11
[10:54] {dino} bah hl l .04
[10:56] {RonS} Booz Allen Hamilton sets lender call this afternoon, no details yet
[10:56] {nemo} BIDU bounce point
[11:09] {+cc_9} EXPE still pushing on 30min
[11:11] {ese} out met .81 -.14
[11:12] {dino} evep hl l .33
[11:12] {+cc_9} YELP fading on 15min
01[11:12] {&Threei}  poor GLD
[11:13] {ese} L bah .03
[11:14] {RonS} L oink  .??
[11:14] {ese} dino.....just noticed your in bah as well
01[11:16] {&Threei}  stop to .06
[11:18] {ese} dino.....ya also eyeing HST
[11:19] {ese} L hst .31
[11:19] {dino} i'm here, i will look at it
01[11:20] {&Threei} Long Setup:  GLD  .40 break
01[11:22] {&Threei}  If holds  .35
01[11:23] {&Threei}  1:1
01[11:24] {&Threei}  like fish in a barrel
[11:24] {ese} L met .83
[11:25] {nemo} wtf mlnx
[11:25] {dino} was just looking at that
[11:25] {dino} mlnx is a freak
01[11:26] {&Threei}  1:2
[11:27] {robbers} Another good call on GLD.
01[11:27] {&Threei}  can I go home?
01[11:29] {&Threei}  1:3, out
[11:29] {robbers} You are home, but we might let you take a bathroom break.
01[11:29] {&Threei}  sigh
06[11:30] * &Threei puts nemo down to "kill first" list
[11:30] {nemo} I'm honored
[11:30] {robbers} Kill him and pee on the remains.
[11:30] {nemo} can we be a bit more creative with corpses here
[11:31] {nemo} o.k. where'd this come from
[11:32] {+cc_9} BIDU @ session lows, major fade since open
[11:34] {dino} spex lighting up my 07 scanner like 4th of july
01[11:37] {&Threei}  lol
01[11:37] {&Threei}  visual:
[11:38] {ese} wow
[11:38] {ese} spex
[11:38] {+cc_9} before even checking, that looks like a tough one to borrow
[11:39] {dino} none avail for me
01[11:40] {&Threei}  US) Fed's Fisher (hawk, FOMC alternate): In favor of tapering in the fall, investors cannot rely upon a "Fed put"- Taper needs to be orderly, must gingerly unwind the balance sheet. - Fed owns a significant slice of critical markets at the moment, is at a delicate moment. - Excess liquidty could provide plenty of kindling for inflation, may also be inspiring the misallocation of capital. - Markets may be too used to having Fed stimulus.
[11:40] {nemo} significant slice of critical markets...we're fucked
01[11:40] {&Threei}  Une voix dans le desert
[11:41] {nemo} Think I'll see how Whitey Bulger's trial is going
[11:41] {RonS} on no...someone figured it out...Voting Fisher for rocket scientist
01[11:42] {&Threei}  nemo... this is one hawk against all the people with two left brains
[11:42] {dino} sds hl l .95 stop .73
01[11:42] {&Threei}  thewy will press until there is njothing to press anymore
[11:42] {nemo} I understand, but he just admitted, they're basically in the position of the London Whale
01[11:43] {&Threei}  and when collapse looms karge, their major effort will be about how to pin it on the right
[11:43] {dino} baby beluga
[11:43] {nemo} DDD sseting up short
01[11:43] {&Threei}  needless to say, right is doing fabulous job making themselves an easy target
01[11:44] {&Threei}  btw, someone posted an article in FT over the weekend with cute analogy: austerity during financial crisis is like prescribing a diet to anorexic
01[11:45] {&Threei}  to which I couldn't help but answer:
01[11:45] {&Threei}  borrowing more in debt crisis is like prescribing a cake to morbidly obese
01[11:46] {&Threei}  C 1:2
[11:47] {dino} bah st .82 -.22
[11:48] {nemo} .75 bid on ddd
[11:51] {robbers} Out C in full, thanks.
01[11:53] {&Threei}  :)
[12:00] {+cc_9} EXPE still flirting with HOD, very bullish 30min
[12:03] {ese} out met .60 -.25
[12:03] {ese} damn it
[12:24] {nemo} wow halfway through the day and spy has done 24.2 million
[12:32] {dino} epam spike
[12:32] {nemo} 20 day average is 102 million, 65 day is 134 mil
[12:32] {dino} hl s .56
[12:38] {dino} out evep .55, +.22
[12:44] {+cc_9} SR drop already you pos
[12:44] {+cc_9} Been waiting for days, time to flush
[12:45] {+cc_9} MOS @ session higs
[12:53] {ese} L some bah avg .02
[12:57] {dino} gmcr spike
[12:58] {dino} sm s .99
[12:59] {RonS} careful gmcr 25% float short and up after Barron's puked on them
[12:59] {dino} ok
[12:59] {nemo} yeah, looks like it wants to challenge the high on the daily
[13:03] {dino} gmcr stop -.25
[13:03] {nemo} I see 82 in it's future today
[13:08] {dino} sds to .99
[13:09] {ese} bah still alive and well dino
[13:09] {ese} holdin up against an spy tank
[13:11] {dino} got stopped bah earlier
[13:12] {dino} 3 rinses, that was 1
[13:15] {nemo} this is a reasonable bounce area for the indexes
[13:16] {nemo} that fed news kinda took the wind out of the sails today
01[13:16] {&Threei}  you mean Fisher's comments?
[13:17] {nemo} yeah...there wasn't much commitment anyway today
01[13:17] {&Threei}  I don't know if anyone takes it seriously
01[13:17] {&Threei}  he is but one voice... chairman will set the policy
[13:17] {nemo} really?  I had no idea
01[13:17] {&Threei}  and chairman will have two left brains, two left arms, two left legs
01[13:18] {&Threei}  you also had no patience to wait for the end of the sentence
[13:18] {nemo} and soon, maybe even a vagina
[13:18] {dino} epam stop/cov .70 -.14
[13:18] {nemo} Ron must not be paying attention
01[13:18] {&Threei}  now, this same fisher said:
01[13:19] {&Threei}  - Have not seen any name that has surfaced as a potential Fed Chair nominee that he woud not be happy to serve under, Bernanke has set a high bar, ultimate standard for a Fed chair is Volcker
01[13:19] {&Threei}  high bar eh?
01[13:19] {&Threei}  and the names floating are Yellen and Summers
01[13:19] {&Threei}  and he will be happy with them
01[13:19] {&Threei}  shrug
[13:21] {+cc_9} SPEX pulling off what SR needs to pulloff
[13:21] {+cc_9} a damn fade.
[13:22] {dino} out sds .00, +.05
[13:27] {dino} mcox?
01[13:28] {&Threei}  no news that I see
01[13:28] {&Threei}  1999-early 2000 all over again
01[13:28] {&Threei}  stocks triple in one day
[13:29] {+cc_9} BIDU nice comeback so far
[13:29] {+cc_9} SR closing in on $13, just tank already
[13:30] {nemo} yeah, BIDU bounced right at the 23.6 of recent swing low before the gap up
[13:31] {ese} bidu is one of the hardest stocks there is trade imo...spread is always huge
[13:31] {nemo} yeah, like a secretary's ass
[13:32] {dino} lol
06[13:32] * &Threei sends nemo a Good Manners, Volume 1 for study
[13:43] {dino} cboe hl ml .40
[13:44] {RonS} ml?
[13:45] {dino} long, typo
01[13:46] {&Threei}  "maybe long"
01[13:46] {&Threei}  come on Ron
01[13:47] {&Threei}  {nemo} Now, can you send me a secretary with big ass too, to read that Good Manners volume to me out loud?
01[13:47] {&Threei}  sigh
[13:48] {RonS}
01[13:49] {&Threei}  Les, where are you
[13:56] {+cc_9} Just a thought, but have you guys considered trading DUST as opposed to GDX/GLD ?
[13:56] {+cc_9} The intraday swings are unmatched.
[13:56] {+cc_9} even a couple hundred shares make a good trade.
[13:57] {nemo} volume a little thin
01[13:57] {&Threei}  20-30 cents wide spread stock is a very different trading style
01[13:59] {&Threei}  I prefer hunting for 20-30 cents move on a 1000 shares of thick stock to a dollar - dollar and half om 200 shares of this thinnie
[14:06] {ese} omg.............tooth decay......yes definitely more exciting
[14:11] {+cc_9} If you anticipate a move on GDX, you get the same exact move on DUST. Obviously if you are wrong, then you are wrong.
[14:12] {+cc_9} I understand what you're saying though.
01[14:14] {&Threei}  it's different ways of risk contr'ol
01[14:14] {&Threei}  and setups are much easier to see on thicvk stocks
[14:14] {RonS} ok, nemo...hit 'em
01[14:14] {&Threei}  thin ones can make an "accidental" move that tags your stop with more ease than thick ones
[14:15] {RonS} ...nemo:  same as on thick women...
01[14:15] {&Threei}  lol
[14:15] {nemo} eh...mouth's a mouth
[14:19] {ese} damn's them causing the liquidity issues her.....there all on flippin holiday
[14:20] {ese} out bah 2k worth .21 +.19
[14:20] {dino} gj
[14:20] {ese} tks
[14:28] {+cc_9} SR lol what just happened
[14:29] {+cc_9} 200k shares just moved it $2.25
[14:35] {dino} out cboe .69, +.29
01[15:00] {&Threei} Short Setup: GDX  .45 break
01[15:01] {&Threei}  If holds  .50
01[15:07] {&Threei}  aggressive for .40
01[15:08] {&Threei}  (G20) White House Press Sec Carney: Decision on whether President Obama will attend the summit in Russia will be made within a few days- Note: Some Congressional members had called on President Obama to boycott the G20 summit in Moscow in protest of the Snowden asylum **Note: Russia hosts the G20 Leaders Summit in St.Petersburg this September
01[15:08] {&Threei}  not that Russia cares much if he doesn't go, but sheesh, show some spine and just don't go
[15:13] {+cc_9} A-Rod suspended for 211 games, market moving news
[15:13] {dino} how many games in a year
[15:13] {RonS} wow, thought it should be only 210...
[15:14] {RonS} ...thinking 183 or 186...
01[15:17] {&Threei}  I see no correlation between GDX and DUST on this call
01[15:17] {&Threei}  GDX drops, DUST went up from the moment of GDX trigger
[15:20] {dino} jack spike
[15:20] {dino} break .25 short btrig
[15:24] {RonS} gj
[15:29] {nemo} well this should be our daily run to all time highs
01[15:46] {&Threei}  covering high as time becomes an issue
01[15:47] {&Threei}  stop to .46
[15:47] {dino} \jack s .41
[15:49] {dino} cov jack .32, +.09
[15:50] {dino} calling it a day, thx all
01[15:51] {&Threei}  take care dino
[15:52] {dino} u2, gn
01[15:56] {&Threei}  closing the rest
01[15:56] {&Threei}  thank you all, have a good evening
01[15:56] {&Threei}  see you tomorrow
[15:57] {Alexs} thanks Vad you actually made a maximum of that day :)