Tuesday, August 6, 2013

Aug 06 2013

Another nicely profitable day despite low volume. No interesting charts, just cookie-cutter routine "another day in the office" trades.

Session Time: Tue Aug 06 00:00:00 2013
[09:13] {dino} gm
01[09:13] {&Threei}  morning dino
[09:15] {bbobr} gm
01[09:16] {&Threei}  bbobr :)
[09:16] {cipher} gm
01[09:16] {&Threei}  cipher :)
[09:19] {nemo} nice, spy traded 1/4 it's "normal" pre-market volume.  Yesterday SPY didl less volume than it did on the HALF day on Xmas Eve
[09:20] {nemo} What's worse?  Ron is here
01[09:20] {&Threei}  makes our profit even more remarkable
[09:24] {+cc_9} Good morning everyone.
[09:24] {nemo} your binky NUGT in the toilet this morning there 9er
[09:25] {+cc_9} Implying I own NUGT
01[09:25] {&Threei}  cc9 :)
[09:25] {nemo} no, I said "binky"
[09:25] {nemo} no lines to read between
[09:25] {nemo} my girlfriend does shit like that...drives me crazy
[09:26] {Alexs} gm
01[09:26] {&Threei}  alex :)
[09:26] {nemo} Funny, women never say exactly what they mean, your supposed to read between the lines, but I always say what I mean, so she figures she has to read between the lines...drives me apeshit
01[09:26] {&Threei}  there is anywhere to drive still, nemo??
[09:26] {+cc_9} EXPE continuing its climb today, see if we can get passed $51
[09:26] {RonS} gm everyone, even mr. surly
01[09:26] {&Threei}  ron :)
[09:26] {nemo} Yeah, outta sorts without my binky Les
01[09:27] {&Threei}  GDX...
01[09:27] {&Threei}  I kind of hoped it would wait for us before losing 25
01[09:27] {&Threei}  maybe bounce to short into
[09:28] {ese} gm
01[09:28] {&Threei}  ese :)
01[09:30] {&Threei}  ugh
[09:30] {+cc_9} EXPE breaking out, so far so good
01[09:31] {&Threei} Short Setup: C  .60 break
01[09:32] {&Threei}  1:1
[09:33] {+cc_9} EXPE $51.50, no wall on 60min, plenty room
01[09:34] {&Threei} Long Setup:  GDX  .85 break
01[09:34] {&Threei}  If holds  .80
01[09:34] {&Threei}  Invalidated
[09:35] {dino} regn vsm l .26
01[09:35] {&Threei}  GDX is around 1:3 from original intended short
01[09:35] {&Threei}  if that's not "grrr"
[09:36] {ese} L holx .68
[09:37] {nemo} kors weak
01[09:38] {&Threei}  C 1:2
[09:38] {robbers} Out C in full, thanks.
01[09:38] {&Threei}  :)
01[09:38] {&Threei} Long Setup:  GDX  .70 break
01[09:38] {&Threei}  If holds  .65
01[09:38] {&Threei}  out C in full .32
[09:39] {dino} out regn 262.26, +3.00
[09:39] {dino} buck early
01[09:41] {&Threei}  1:1
[09:42] {robbers} Out GDX at 1:1, good call.
[09:42] {+cc_9} EXPE blowing through $52
[09:43] {+cc_9} big volume behind this early move on EXPE vs previous days/during same time
[09:45] {ese} out holx .06 +.38
01[09:46] {&Threei}  wow
01[09:46] {&Threei}  who shot gold?
01[09:46] {&Threei}  and silver
01[09:46] {&Threei}  and miners
[09:46] {RonS} and retail
01[09:46] {&Threei}  (US) Preview: Aug IBD/TIPP Economic Optimism expected at 10:00 ET (14:00 GMT)- Consensus expectations: 47.5e v 47.1 prior
01[09:47] {&Threei}  whoever did this, we can safely assume he used a machine gun
01[09:48] {&Threei}  considering that I was looking to call GLD short at .20 break, this is infuriating
01[09:48] {&Threei}  second big trade that got away by triggering sudenly before shaping up for ultimate setup
01[09:51] {&Threei} Short Setup: BBRY  .70 break
01[09:51] {&Threei}  If holds  .75
01[09:52] {&Threei}  aggressive for .65
[09:55] {dino} regn vsm l .05
01[09:55] {&Threei}  GDX two-sided setup, .50 - .60
01[09:56] {&Threei}  I think I found what killed gold
01[09:57] {&Threei}  there is a talk about revising 2H GDP up tp 2.5%, thanks to improved trade balance
[09:57] {dino} out regn 257.15, +2.10
01[09:57] {&Threei}  2Q, sorry
[09:59] {dino} nobody playing regn i see...took 5 bucks out of it so far
01[09:59] {&Threei}  (US) Preview: Aug IBD/TIPP Economic Optimism expected at 10:00 ET (14:00 GMT)- Consensus expectations: 47.5e v 47.1 prior
01[10:00] {&Threei}  wtg dino
[10:04] {dino} dhi going for 19.30 gap area imo
01[10:09] {&Threei}  BBRY 1:1
01[10:10] {&Threei}  no go GDX
[10:14] {+cc_9} Market tanking, EXPE holding up, still bullish on this one for the next few days
01[10:15] {&Threei}  People with the highest IQ's are 4 times more likely to suffer from depression due to increased brain activity
01[10:15] {&Threei}  oh, that's why I am always happy... zero brain activity
[10:15] {nemo} or living with the 84% of humans with average to less than average intelligence
01[10:16] {&Threei}  it must be nemo who sent me this anonymous e-mail yesterday... "what doesn't kill you... should have"
[10:16] {nemo} no, but that is my general take on marriage
[10:17] {nemo} So, I was talking to the rabbit...
01[10:19] {&Threei} Short Setup: GLD  124 break
01[10:19] {&Threei}  If holds  .10
[10:19] {ese} wow dino.....regn..............nice work there
[10:20] {ese} i mean ....look at the spread.....
[10:21] {nemo} yeah, dino's rorschach charts
[10:21] {ese} 50 ceents 30 cents 60 cents shoa
[10:21] {RonS} C 2 sided .90, .00?
01[10:21] {&Threei}  I like short side more Ron
01[10:22] {&Threei}  would take short trigger and ignore long
[10:22] {dino} ty ese
01[10:22] {&Threei}  “In his speech about the economy, President Obama said we’ve all been distracted by phony scandals, and it’s time we started getting distracted by the phony recovery.”
01[10:22] {&Threei}  ~ Jay Leno
01[10:23] {&Threei}  BBRY baby
01[10:23] {&Threei}  1/4 more out
01[10:24] {&Threei}  stop to .66
01[10:30] {&Threei}  C 1:1
01[10:30] {&Threei}  good spot ron
[10:30] {dino} gj
01[10:31] {&Threei}  Citybank quickly become my favorite bank
01[10:31] {&Threei}  very good one to short {G}
01[10:31] {&Threei}  (mistype is intentional to prevent legal action)
[10:31] {RonS} out C +.15
01[10:33] {&Threei}  1:2
[10:33] {RonS} oof
01[10:33] {&Threei}  I am patienter Ron
01[10:33] {&Threei}  now I am out
01[10:33] {&Threei}  +.27
[10:33] {nemo} what, Ron fall out of his walker?
[10:34] {nemo} don't you have one of those remotes you wear around your neck?
01[10:34] {&Threei}  no, he sent it to me to equip with plastic explosive and hold it for you, to send it when you are senile and can't walk... he kept the remote though
[10:35] {nemo} C4 or Semtech
[10:35] {nemo} ?
01[10:35] {&Threei}  I haven't recieved the package yet
01[10:35] {&Threei}  I'll let you know
01[10:38] {&Threei}  - NYSE volume 135M shares, about 11% below its three-month average; - NASDAQ volume 360M shares, about 8% below its three-month average
[10:38] {+cc_9} EXPE setting up for another leg, s/l @ 50.60 looks solid
01[10:42] {&Threei}  stop to .61 now
[10:43] {dino} dynt sm s .93
[10:43] {dino} regn partial fill l .10
[10:57] {ese} L adm .65 L holx .58
01[10:57] {&Threei} Long Setup:  IW,  .30 break
01[10:57] {&Threei}  IWM
01[10:58] {&Threei}  If holds  .22
01[10:59] {&Threei}  not ready yet
[11:00] {nemo} mos bid
[11:01] {dino} out regn 256.75, +1.65
[11:02] {ese} eeeeeeeeeeeyeohhhhhhhhhhhhhzzzzzzaaaaaaaaaaaaa!
[11:02] {ese} the man is dangerous
[11:03] {dino} ;-)
[11:04] {ese} thinkin about a get rich retire soon scheme there dino
[11:04] {dino} jack drop
[11:04] {dino} "soon", not happening, another 15 i figure
[11:04] {ese} what the heck is a jack drop............some kinda stock play i've never heard of ?
[11:06] {dino} symbol j a c k
[11:06] {dino} or the golf balls
[11:06] {dino} jack wants 40.30 gap
[11:06] {RonS} aka Jack in the Box burgar chain that also runs Quizno's a cmg wannabe...
[11:17] {Alexs} you still in BBRY trade Vad?
01[11:18] {&Threei}  last piece, yes
[11:18] {Alexs} k
[11:20] {dino} tdw drop
[11:22] {RonS} jack reports wed ah
[11:23] {nemo} went long sso but doesn't look like we'll get a vwap run
[11:23] {nemo} finnies of course went to vwap
[11:25] {RonS} GM cuts starting price of Volt plug-in hybrid sedan by $5,000 in bid to juice sales
[11:28] {nemo} maybe will get vwap
01[11:37] {&Threei}  ugh IWM
[11:37] {nemo} yeah, but slow going up
[11:38] {ese} all time high price if adm gets by 38.10....be interesting to see what happens after that
[11:39] {ese} needs market help
[11:46] {dino} regn pulling back. 255 area has been decent bounce area
[11:47] {RonS} what a stupid headline:  U.S. stocks fall as investors await address from Fed Bank of Chicago chief
[11:48] {nemo} wow KORS pulled all the way back and then bounced almost all the way to the highs
[11:54] {ese} out adm .09 +.44
[11:54] {RonS} gj
[11:54] {ese} trying to keep up with the jones's...in this case the dino's
[11:55] {+cc_9} SCTY another $44.40 wall test
[11:55] {RonS} usain bolt couldn't keep up with Dino
01[11:56] {&Threei} Short Setup: JCP
01[11:56] {&Threei}  .80 break
01[11:56] {&Threei}  If holds  .85
[12:02] {ese} out holx .66 +.08
[12:02] {dino} just lucky guys
[12:10] {dino} nothings moving. volume light again/
[12:10] {dino} ?
01[12:12] {&Threei}  yeah
01[12:12] {&Threei}  meh jcp
01[12:19] {&Threei}  did you know that Switzerland has fallout shelters for everyone residing within its borders. The coverage is 114 per cent.
[12:20] {RonS} how about the cows?
01[12:20] {&Threei}  we will have to ask Les
[12:21] {ese} and not 100%
[12:21] {+cc_9} DUST triple digits :D
[12:22] {dino} nemo, am i seeing things or doe dynt look like it wants to drop?
01[12:24] {&Threei}  .50 break should be DYNT's trigger
[12:24] {dino} in from .93, .55 area keeps reversing it
[12:27] {dino} distracted me from regn entry
[12:32] {dino} bam!
[12:35] {dino} cov dynt .23, +.70
01[12:37] {&Threei}  :)
[12:38] {dino} ty
[12:42] {ese} hmmmmmm topic set by threei.............hmmmmmmm...who put him in charge......Nemo?   was that you?
[12:42] {+cc_9} did anyone see this USU on daily ? jeeeez...
[12:43] {ese} ya glanced at it
[12:44] {ese} it's done for for a while unless traders want to short it
[12:45] {+cc_9} YELP sitting on 30min support range (51-52)
[12:46] {+cc_9} ese, I agree, but with these pos stocks lately (SPEX / SR / USU) nothing is out of question
[12:46] {+cc_9} hell, SR refuses to fade, holding that $13 even on air
[12:46] {dino} don't forget dynt
[12:47] {dino} 2.90-7.94, no news, junkie
01[12:48] {&Threei}  remember those e-mails I get now and then and quote the most ridiculous ones?
01[12:48] {&Threei}  fresh one arrived
01[12:50] {&Threei}  I read last week's trading logs. Yes, results are impressive, you do prove it's possible to day trade profitably. But I must ask... why do you waste so much time doing nothing? If you are DAY trading, surely there must be stocks to trade all the time??
01[12:50] {&Threei}  I prove? there is something toprove? lol
01[12:51] {&Threei}  can't help but remember Livermore,
01[12:51] {&Threei}  something along the lines:
01[12:51] {&Threei}  wall Street fool is a fool who feels he must trade all the time
[12:51] {ese} bad sign......frothy top
01[12:51] {&Threei}  nah, not yet
01[12:52] {&Threei}  this bull still has ways to go
[12:52] {ese} ya figur
01[12:52] {&Threei}  it's just one of those beginners that instead of asking questions feels he is qialified to tell
01[12:53] {&Threei}  somehow many think that they have this god given right to understand market and trading without any education
01[12:53] {&Threei}  just were born with it, you know
[12:54] {dino} yes, everybody envies the traders lifestyle. they don't understand it takes talent
[12:54] {ese} yes...and some hard friggin work
01[12:55] {&Threei}  funny that it doesn't happen in any other field
01[12:55] {&Threei}  never heard of anyone who would think they can do a brain surgery
[12:55] {dino} i usually say, if its so easy why doesn't everybody do it
01[12:55] {&Threei}  or fly 747
01[12:56] {&Threei}  or build bridges
01[12:56] {&Threei}  without special education
01[12:56] {&Threei}  In market, it's everyday's occurence to meet people who think they should understand it by some kind of intuition granted from high heaven
01[12:57] {&Threei}  my favorite:
01[12:58] {&Threei}  "I thought of taking your courses but the coast stopped me"
01[12:58] {&Threei}  to which my favorite answer is:
01[12:58] {&Threei}  you think education is expensive? try ignorance
01[12:58] {&Threei}  coast = cost
01[12:59] {&Threei}  funny enough, it's people who think nothing of losing thousands on one idiotic trade who won't spend $300 on the course
01[13:01] {&Threei}  (US) Fed's Evans (dove, FOMC voter): Fed will taper later this year and end QE asset buys in mid 2014; would not rule out taper beginning in September- Interest rates to remain low well past time when unemployment drops below 6.5%, wants to see inflation closer to 2.0% before raising rates.
[13:04] {dino} dynt spike
01[13:07] {&Threei}  this e-mail from nemo tells me someone needs to take the bottle away:
01[13:08] {&Threei}  I’m not saying I am batman. I’m just saying no one has ever seen me and batman in the same room.
[13:08] {nemo} bored, huh?
01[13:08] {&Threei}  yes, lol
01[13:10] {&Threei}  A federal government seismologist said Monday that a weekend earthquake off Vancouver Island is a “reminder” that a much bigger event is going to hit B.C. at some point.
01[13:10] {&Threei}  idiot
[13:11] {RonS} lol
01[13:11] {&Threei}  “We know that much larger earthquakes have occurred in the past and we know that they will happen again in the future,” he said.
01[13:11] {&Threei}  But the science has not advanced to the point where such an event can be predicted.
01[13:11] {&Threei}  cut his frikin funding
[13:12] {dino} stating the obvious isn't he
01[13:13] {&Threei}  on a taxpayer dollar
[13:20] {ese} L avg .20
[13:26] {nemo} well, spy should trade more shares than yesterday
01[13:26] {&Threei}  taking 40 min break, stop in place on BBRY... at .61
01[13:26] {&Threei}  and cover at .41
[13:44] {ese} out avg .36 +.16
[13:46] {RonS} ebix blood
[13:46] {RonS} $EBIX said to be reviewed by US for possible money laundering"" Bearish
[13:48] {ese} ahhhhhhh
[13:49] {RonS} hearing from a Seeking Alpha article (unconfirmed)...
[13:52] {nemo} A-Fraud has to be one of the more repulsive athletes I've ever seen
[13:59] {dino} dynt, none avail here anymore
[14:00] {thomcbell} and he wasnt even good while taking them
[14:00] {thomcbell} when mcguire took them he was seeing beachballs
[14:00] {+cc_9} DYNT available on our end.
[14:01] {ese} sgi
[14:04] {dino} ebix sm l .95
[14:07] {dino} out ebix .35,
[14:07] {dino} +.40 ty ron
[14:09] {+cc_9} AAPL breaking session lows
[14:09] {dino} regn lod
[14:10] {+cc_9} EBIX looks like double bottom on daily from June 17th's tank
[14:11] {dino} was looking at that...same article basically
[14:11] {+cc_9} wow, its blowing up now, big volume
[14:11] {nemo} or the start IC&H
[14:12] {dino} reverse h&s
[14:13] {+cc_9} They report earnings on the 9th, but someone said just killed any possible "momo" with this old news.
[14:14] {ese} L phh .4489
01[14:14] {&Threei} Long Setup:  MCD  .40 break
01[14:14] {&Threei}  If holds  .35
[14:15] {dino} regn gap around 248
[14:17] {dino} alxn drop
01[14:20] {&Threei}  1:1 is close enoigh
01[14:20] {&Threei}  half out
[14:22] {robbers} Good call.
01[14:22] {&Threei}  ty
01[14:22] {&Threei}  maybe it will make my correspondent forgive me for taking 40 min break...
[14:22] {nemo} ?
01[14:23] {&Threei}  one who thinks I have to trade every frikin second
01[14:23] {&Threei}  1:2, out in full
[14:24] {dino} really gets to you when i send those emails, :)
01[14:24] {&Threei}  lol
01[14:24] {&Threei}  I quote about 1/10 of them
01[14:25] {&Threei}  you don't want to read those who scream "why there is no tape reading in Techniques of Tape Reading"
01[14:25] {&Threei}  I made a template answer, not to retype it every time:
[14:26] {ese} ya!!!! like why is that eh?
01[14:26] {&Threei}  If you went into troubles to find out what tape reading is, you'd find plenty of tape reading in Techniques of Tape Readng
[14:27] {ese} lol
01[14:27] {&Threei}  who told them all tape reading is staring at prints scrolling?
[14:27] {ese} read!   are you kidding.....man thats tough work
01[14:27] {&Threei}  and it's possible to trade off that?
[14:28] {+cc_9} EBIX now nearing $10.00. Hell of a comeback who ever took a trade
01[14:28] {&Threei}  why don't they demand that we use teletype if they want be that literal
[14:28] {ese} lol
[14:28] {dino} regn vsm l .00
01[14:28] {&Threei}  never mind that every classic book of tape reading from 1930 uses charts, just as mine does
01[14:29] {&Threei}  but hey... if they want to use every word in its literal sense, I invite them to do some scalping
[14:38] {dino} fang drop
[14:39] {dino} out regn 254.40, +1.40
01[14:39] {&Threei}  wtg
[14:39] {dino} ty
01[14:40] {&Threei}  @TheTweetOfGod
01[14:40] {&Threei}  Keep your friends close and your asthma inhaler closer.
[14:44] {dino} ebix back above 10
[14:45] {ese} Lphh avg .44
01[14:45] {&Threei}  closing BBRY
01[14:45] {&Threei}  feels bottomed'
01[14:52] {&Threei} Short Setup: FB  .35 break
01[14:52] {&Threei}  If holds  .40
[14:52] {nemo} http://bit.ly/1ctH1Wl
01[14:55] {&Threei}  meh
[14:56] {+cc_9} EBIX, it pains me to watch now
[14:56] {+cc_9} nearing $11
[14:56] {nemo} ags spiking
[14:57] {nemo} pot and mos wtf?
01[14:57] {&Threei}  Uralkali Hearing chatter Uralkali is considering rejoining Russian potash cartel
[14:58] {nemo} Putin kill a coupla' family members?
01[14:58] {&Threei}  Ebix, Inc. Comments on False and Inaccurate Assertions in Bloomberg Article - Ebix has issued the following statement in response to an article regarding the Company: - Ebix is disappointed that Bloomberg published its erroneous article despite the Company's clear and unambiguous statements that allegations of money laundering were false, inaccurate and likely to cause significant financial harm to Ebix shareholders.
[15:00] {RonS} took mos .90 to .45 ese size thanks guys...
[15:01] {nemo} hold your nose trade
[15:01] {RonS} yep...figured if it did what it down going down it could do it back up
01[15:02] {&Threei}  nice ron
[15:03] {dino} gj ron
[15:04] {RonS} ty
[15:08] {nemo} Hey Ron, nice bullet ya' dodged there
[15:09] {nemo} To this day I am amazed at the amount of noise a 2-3 lb. rabbit makes running around the house
[15:09] {RonS} ...Dino lucky...new phrase...
[15:09] {nemo} good one
[15:10] {nemo} Just got a call wanted to know if I want to make extra money as a Visa Mastercard referral rep.  Frickin' scam artists
[15:12] {RonS} ...Nemo's reply:  whadya think I'm an idiot 'cause I talk to a rabbit?
[15:12] {nemo} No, it was "How the fuck did you get this number?"
[15:13] {RonS} caller's reply:  ...the rabbit...
[15:13] {nemo} I get pretty rude (I know that's hard to believe)from the get go with these assholes
[15:13] {RonS} :D
01[15:23] {&Threei} Short Setup: GM  .05 break
01[15:24] {&Threei}  If holds  .10
[15:25] {dino} calling it a day, very good one. thx for ideas. gn
01[15:26] {&Threei}  take care dino, gj
[15:26] {dino} u2 buddy
[15:40] {ese} out phh .53 +.09
[15:40] {ese} done for the day.......cya tomorrow
01[15:41] {&Threei}  packing my tent as well
01[15:41] {&Threei}  quiet ending, but nicely profitable day again
01[15:41] {&Threei}  thank you all, have a good evening
01[15:41] {&Threei}  see you tomorrow