Monday, August 12, 2013

Aug 12 2013

Fairly decent day even though second half was lackluster. Also, tech hell is finally over and our main room is fully back up.


Session Start: Mon Aug 12 08:52:29 2013

[09:02] {nemo} I wanna' change my nick
01[09:04] {Threei}  you are obsessed
[09:04] {dino} gm
01[09:04] {Threei}  dino :)
[09:04] {nemo} bored
[09:04] {nemo} I don't want to be me anymore
[09:26] {Alexs} gm
01[09:26] {Threei}  alex :)
01[09:28] {Threei}  - The German press reported that the Bundesbank expects creditors will have to agree on new Greece bailout in early 2014.
01[09:28] {Threei}  sounds about right
01[09:28] {Threei}  looks l,ike folks now are confused which room to join
[09:31] {nemo} techno darwinism
01[09:31] {Threei} Short Setup: GDX  .70 break
01[09:32] {Threei}  If holds  .75
01[09:32] {Threei}  1:1
[09:38] {dino} .
01[09:39] {Threei} Short Setup: IWM  .90 break
01[09:39] {Threei}  If holds  104
01[09:40] {Threei}  change to 104 break
01[09:41] {Threei}  change to .15 break break
01[09:41] {Threei}  If holds  .21
01[09:44] {Threei}  grrr... 1 vent to 1:1
01[09:44] {Threei}  cent
[09:45] {dino} har hl s .14
[09:48] {dino} cov har .80, +.34
[09:49] {robbers} wtg.
01[09:49] {Threei} Short Setup: GDX  .85 break
[09:50] {dino} ty
01[09:50] {Threei}  If holds  .95
[09:50] {cc_9} over extended GDX
[09:53] {nemo} not really, just above R2
[09:53] {nemo} 27.68 is Weekly R1
01[09:54] {Threei}  die GDX... nice double top
01[09:56] {Threei}  Ron... _ is not necessary :)
[09:57] {dino} snts drop
01[09:57] {Threei}  finally
01[09:57] {Threei}  1:1
[09:58] {cc_9} needs to get below 27.60 for a nice flush
[09:58] {robbers} Out in full, thanks.
01[09:58] {Threei}  yw
[09:58] {cc_9} Bloomberg trader "there is a run on gold physical"
01[09:59] {Threei}  idiot
[10:02] {cc_9} GDX trying to hold that 27.70 intraday support
[10:02] {nemo} the persistence algo I use has not a single stock on the weak side
[10:04] {cc_9} nemo, Trade-Ideas ?
[10:05] {nemo} no, friend of mine trades for Kirshner, he developed an algo they use-lets me view it
[10:05] {nemo} shows bid/offer persistence on a specific universe of stocks
[10:07] {cc_9} Miners resilient once again
[10:07] {nemo} .68 important weekly level
[10:08] {dino} col sm l .20 pulp
[10:09] {cc_9} anyone still short GDX ?
01[10:10] {Threei}  1:2
01[10:10] {Threei}  of course
[10:11] {dino} col stop .90, -.30
[10:14] {cc_9} out DUST (instead of shorting GDX, I went long DUST)
[10:14] {dino} reload col .60
[10:15] {dino} out col .20, +.60
01[10:17] {&Threei} Short Setup: IWM  .30 break
01[10:18] {&Threei}  If holds  .40
01[10:18] {&Threei}  1:1
[10:20] {cc_9} im prob gonna regret having dumped DUST at these levels, could see another $2 upside
01[10:20] {&Threei}  I still have 1/4 GDX, .76 stop
01[10:22] {&Threei}  closed
[10:23] {dino} hl s cbrx .73
[10:23] {cc_9} TSLA back to session lows
03[10:30] * Retrieving #discussions modes...
01[10:33] {&Threei}  come on SPY, break down and die
[10:35] {cc_9} I take that back, no regrets on GDX/DUST :)
01[10:35] {&Threei}  yeah
01[10:36] {&Threei}  things have hard time with contunation on a short side
[10:36] {dino} been that way for months
01[10:36] {&Threei}  and long is not really an option after such jumps, market just stalls
01[10:36] {&Threei}  yup
01[10:38] {&Threei} Short Setup: GDX  .80 rbeak
01[10:41] {&Threei}  If holds  .85
01[10:45] {&Threei}  meh
[10:52] {nemo} gdx short signals, but it's close to vwap
[10:59] {nemo} IWM kissed the weekly pivot
[11:00] {nemo} So, Vad...can I change my nick?
01[11:00] {&Threei}  depends... to what?
[11:00] {nemo} dickhead?
[11:00] {nemo} tempting, huh?
01[11:01] {&Threei}  why would you want to leave no room for people'simagination
[11:01] {nemo} more room for shock, when I start talking nicely about animals
[11:02] {nemo} SPY gap fill, only finnies weak as they were on Friday
01[11:11] {&Threei} Short Setup: CAT  .80 break
01[11:11] {&Threei}  If holds  .90
[11:12] {dino} apd sm l .72
01[11:14] {&Threei}  1:1
01[11:18] {&Threei}  This morning, BlackBerry announced another exploration of strategic alternatives, but this time it's likely that the board would like to try and sell the entire company before it is too late.
[11:20] {dino} ston drop
[11:21] {robbers} Out in full, thanks.
01[11:21] {&Threei}  :)
01[11:24] {&Threei}  1:2
01[11:30] {&Threei}  closed on a trail
01[11:30] {&Threei}  decent day shapes up
01[11:30] {&Threei}  still have to finish room restoration, mibbit is still down
[11:39] {nemo} CeeCee, think you can pay attention to dust here
[11:44] {dino} dust, and yo think i trade crazy
01[11:44] {&Threei}  lol, no kidding
[11:44] {nemo} well, short signals on GDX and it seems to be his binky
[11:44] {dino} too fast for me
[11:45] {nemo} yeah, that LII could be cardiac inducing
[11:49] {dino} out apd .12, +.40
01[12:17] {&Threei}  http://hmpg.net/
[12:17] {nemo} yeah, I'll interact with my neighbors
01[12:18] {&Threei}  poor guys
[12:18] {nemo} http://bit.ly/16GbTNg
[12:21] {cc_9} GDX a little toppy intraday here
01[12:50] {&Threei}  BlackBerry Canada Govt releases statement on BlackBerry, notes that it recognizes the company is exploring alternatives in order to increase its competitiveness- Govt will not comment on speculation about the future of the company.
[12:55] {cc_9} News just in : GDX will never go down
[12:55] {cc_9} miners have somehow found a way to get around rising costs
01[12:56] {&Threei}  lol
[12:59] {Will49} Checking in
[13:00] {robbers} Hi Will, nice to see you.
01[13:00] {&Threei}  hwy will
01[13:00] {&Threei}  hey
[13:00] {Will49} Hi Guys..just checking in to keep my settings current
[13:01] {Will49} busy, busy summer. Will be back in the saddle in Sept
[13:01] {Will49} cheers
[13:02] {~KSystems} invasion?
[13:03] {cc_9} looks like that statement was the top call on GDX lol
01[13:03] {&Threei}  as always
[13:11] {bbobr} Hi
01[13:12] {&Threei}  hi bbobr
01[13:12] {&Threei}  things are getting fixed...
[13:14] {cc_9} CLF, boy did I miss that reversal...someone asked this AM if it was shortable.
[13:14] {cc_9} (its not)
[13:14] {nemo} sheesh, finnies letting go
[13:18] {cc_9} short GDX here, stop 28.20
[13:18] {cc_9} tgt 27.60
[13:18] {dino} amri drop
[13:19] {cc_9} AMRI any news ?
[13:20] {RonS}  Albany Molecular Files Form 8-K Disclosing Termination Of Development Of BMS-820836 With Bristol-Myers Squibb via Benzinga
01[13:20] {&Threei}  AMRI Discloses it has been informed that BMY has decided to terminate development of BMS-820836; sees no impact on guidance for Q3 and FY13 - filing
[13:21] {cc_9} who sees no impact on guidance
[13:22] {dino} amri sm l .60
[13:24] {cc_9} AMRI looks like can bounce to $11+
[13:26] {cc_9} big spread, should bring in chasers
[13:27] {cc_9} any print 10.80 should get the bids going
[13:27] {cc_9} meanwhile GDX slowly working
[13:27] {ese} well well ....lookie here.......
01[13:28] {&Threei}  wow
01[13:28] {&Threei}  ese found us
01[13:28] {&Threei}  after being lost in cyberspace for 3 days
[13:28] {RonS} ...the beat goes on...
01[13:28] {&Threei}  lol
[13:28] {nemo} mmmhhh, and to think I was attributing the pleasant environment to Les' absence
01[13:29] {&Threei}  ese, you never got any e-mails about reserve room?
[13:29] {nemo} funny, his name wasn't in the mailing list
[13:29] {RonS} lol
[13:30] {nemo} Hey Ron:  http://bit.ly/16GbTNg
[13:30] {cc_9} AMRI volume spike (seller got out)
01[13:31] {&Threei}  GDX approaches bounce p]oint
[13:31] {nemo} vwap here
[13:31] {ese} am outta here wednesday for Iceland and Denmark
01[13:31] {&Threei}  sucks to be you...
[13:32] {nemo} sucks to be Iceland and Denmark
01[13:32] {&Threei}  lol
[13:32] {ese} wheres Les............he needs to come up and see me and catch a show
[13:32] {nemo} Switzerland
[13:32] {ese} L cvc .89
[13:33] {nemo} think he's vacationing with the family
[13:35] {ese} ah
[13:35] {ese} damn stopped .82 -.07
[13:36] {dino} out amri flat
[13:37] {+cc_9} AMRI, still thinking $11 is doable
[13:37] {+cc_9} (chart based only, no fundamentalm DD done here)
[13:37] {+cc_9} sell volume all got bought
[13:38] {+cc_9} stock made its double bottom
[13:38] {+cc_9} There goes $11.00
[13:39] {+cc_9} Thanks for the AMRI alert.
[13:40] {dino} bummer on amri, chickened out
[13:41] {dino} i like re-load around 10
[13:41] {dino} side track day, contractor here
[13:42] {+cc_9} dino, this is how I traded AMRI }} http://img43.imageshack.us/img43/2769/miq1.jpg
[13:44] {ese} if ya don't want me here just say so
01[13:45] {&Threei}  ?
01[13:45] {&Threei}  everything is fixed
01[13:46] {&Threei}  round of applause to KSystems who went to hell and back about three times over last days to find the way around multiple tech support sabotage attempts
01[13:47] {&Threei}  ese, if you experience disconnects again, that's your normal issue with telus which seems to be premanent problem
01[13:48] {&Threei}  so, we resolved extraordinary problem and back to tregular ones :)
01[13:50] {&Threei}  crap, GDX bounced by the schedule but with no clear setup
01[13:54] {&Threei} Short Setup: BBRY  .50 break
01[13:54] {&Threei}  If holds  .55
[13:56] {nemo} spy might make lowest yearly volume today
01[13:56] {&Threei} Short Setup: GDX  28 break
01[13:56] {&Threei}  If holds  .05
[13:58] {dino} cc9, nice trades on amri, gj. i hit it too early
[14:01] {+cc_9} all good
[14:06] {nemo} could make an argument for FAS long here
01[14:10] {&Threei}  NYSE volume 310M shares, about 13% below its three-month average - - NASDAQ volume 900M shares, about 14% below its three-month average
01[14:14] {&Threei}  OPEN Facebook to allow mobile users to make reservations using OPENtable - tech blogs
[14:14] {dino} open spike
[14:14] {dino} sm s .10
[14:15] {dino} cov open .60, +.50
01[14:16] {&Threei}  nice hit
[14:17] {dino} ty
01[14:18] {&Threei}  I'd sy, hit-n'run
[14:23] {dino} fb allows open to make reservations thru fb
01[14:23] {&Threei}  lol... take me off ignore, dino
[14:23] {dino} cbrx stop .85 -.07, thing doesn't move
[14:24] {dino} lol, missed that
[14:36] {nemo} could play gdx long here if you think it'll hold the channel
[14:37] {nemo} think I'd lean short though
[14:38] {+cc_9} i think we see something similar to Friday's close GDX
[14:38] {+cc_9} some profit taking and setup for tomorrow
[14:38] {nemo} my equanimity perhaps implies no edge
[14:39] {dino} apd lod
[14:41] {nemo} ahhhh, bunny shows up for her afternoon raisin ration...She'd hop into the oven for those
[14:45] {nemo} yep, GDX holding the channel
[15:14] {+cc_9} SSO/SPY volume picked up, should be a fun close
01[15:14] {&Threei}  trying to find final trade
[15:14] {nemo} he has a funny definition of "fun"
[15:21] {+cc_9} well, by fun, i do mean some volatility
[15:21] {+cc_9} otherwise, forget what i said
01[15:22] {&Threei} Short Setup: CAT  .35 break
01[15:22] {&Threei}  If holds  .45
[15:23] {dino} jcp spike
01[15:23] {&Threei}  JC Penney Company Inc (Holding Co) Shareholders Soros and Glenview reportedly supportive of the company in its dispute against Ackman - financial press
[15:23] {dino} calling it a day, good one. thx for ideas
01[15:24] {&Threei}  take care dino
[15:25] {dino} ty
[15:29] {+cc_9} here we go GDX, lets get that EOD fade
[15:44] {+cc_9} I will be satisfied with DUST @ $64-$65 EOD
01[15:47] {&Threei}  meh
[15:47] {Alexs} stop is .46 isn't it?
01[15:48] {&Threei}  yeah but time is getting tight
[15:48] {Alexs} ok
01[15:48] {&Threei}  and I doubt it can do more than giving us breaeven exit at best
01[15:50] {&Threei}  ok, let's close it
01[15:51] {&Threei}  out .34
01[15:51] {&Threei}  thank you all, have a good evening
01[15:52] {&Threei}  tomorrow we should be fully back to normal
[15:52] {Alexs} take care, ty
[15:52] {+cc_9} DUST $63, GDX printing lowest bid since 11:15AM
[15:54] {+cc_9} drop drop drop
[15:58] {+cc_9} what a dog
[15:58] {+cc_9} a demain