Friday, August 16, 2013

Aug 16 2013

Fairly quiet yet nicely profitable day. No fireworks like yesterday but enough scalps and 1:2ers to make it worth our while. Overall, very nice week, third in a row despite it being August.

Session Time: Fri Aug 16 00:00:00 2013
[09:00] {dino} gm
01[09:00] {&Threei}  morning dino
[09:10] {cipher} gm
[09:11] {RonS} hi gents
01[09:11] {&Threei}  cipher, ron :)
[09:18] {RonS} ioc is the king of pulp and all over the map on rumors xom not buying some properties for sale...
[09:19] {RonS} gmcr going into the naz 100 next week w/ 25% float short
[09:19] {nemo} coffee company going into the tech index, interesting
[09:23] {+cc_9} Reading on IOC Ron, fluff
[09:24] {bbobr} gm
01[09:24] {&Threei}  bbobr :)
[09:24] {dino} ioc always trades pulp-like
[09:26] {nemo} looks like spy going to test 166
[09:30] {+cc_9} IOC setting up for a wild spike
[09:30] {Alexs} gm
[09:30] {+cc_9} $2.00 spread, not bad
01[09:30] {&Threei} Short Setup: GDX  .80 break
01[09:31] {&Threei}  If holds  .85 
01[09:31] {&Threei}  alex :)
[09:31] {Alexs} first set up?
01[09:31] {&Threei} Long Setup:  TZA  .75 break
01[09:32] {&Threei}  If holds  .70 
01[09:32] {&Threei}  gosh, market barely opened... you expected a few calls aleary?? :)
[09:32] {Alexs} lol
[09:33] {+cc_9} IOC wowza volatility on 500k shares
[09:34] {dino} ioc sm l .80
[09:34] {Alexs} gdx valid?
01[09:35] {&Threei}  no... but worked
01[09:35] {&Threei}  TZA 1:1 close enouigh
01[09:36] {&Threei}  stop to .73
[09:36] {dino} ioc stop -.30
01[09:36] {&Threei}  ugh GDX... seriously got away
[09:37] {dino} reload .80
[09:37] {+cc_9} IOC ok why not
[09:37] {Alexs} TZA SoMG
01[09:38] {&Threei} Long Setup:  GDX  .50 break
01[09:38] {&Threei}  change to .45 break
01[09:39] {&Threei}  change to .40 break
01[09:39] {&Threei}  If holds  .34 
01[09:39] {&Threei}  1:1
01[09:40] {&Threei} Long Setup:  TZA  .65 break
01[09:40] {&Threei}  If holds  .60 
[09:44] {+cc_9} IOC $66s
[09:46] {+cc_9} IOC 67s
01[09:48] {&Threei} Long Setup:  GDX  .30 break
01[09:48] {&Threei}  If holds  .25 
[09:48] {+cc_9} out IOC
[09:48] {+cc_9} thanks for the heads up on this one Ron
[09:48] {+cc_9} I came in today with only IWM/SPY on watch
01[09:48] {&Threei}  1:1
01[09:49] {&Threei}  come on GDX, don't waste such perfect double bottom
01[09:49] {&Threei}  ugh
[09:50] {RonS} yw cc
01[09:50] {&Threei}  ih come on
[09:51] {nemo} numbers in 5
01[09:51] {&Threei}  back in, stop .24
01[09:52] {&Threei}  meh
01[09:52] {&Threei}  not getting rhythm right
01[09:53] {&Threei}  or there is no rhythm
[09:54] {RonS} need ese to give you a beat?...
01[09:54] {&Threei}  lol
[09:56] {Alexs} no confidence in the university
01[09:58] {&Threei}  rofl
[09:58] {+cc_9} SPY smacked @ yesterday's closing price
01[09:58] {&Threei}  this has to be second best joke this week
01[09:59] {&Threei}  frikin GDX
01[09:59] {&Threei}  .10 was it
[09:59] {nemo} bounced at support from yesterday
01[09:59] {&Threei}  and frikin TZA, .55 was it
[10:00] {nemo} and frickin Les...definitely WASN'T it
01[10:01] {&Threei}  (US) Q3 Philadelphia Fed Professional Forecasters Survey: 2013 GDP growth forecast revised to 1.5% from 2.0% prior- Expectations for the unemployment rate are nearly unchanged, and the forecasters have reduced their inflation estimates over the next two year
[10:02] {nemo} fcx Vad
[10:02] {nemo} .50 break?
[10:02] {nemo} .40 stop
01[10:02] {&Threei}  setup is right
[10:03] {nemo} stop is breakout area from yesterday
01[10:03] {&Threei}  the only thing that bothers me is, it moved opposite to SPY tpoday so far
01[10:03] {&Threei}  and SPY goes up
01[10:03] {&Threei}  see, this sharp drop was a reaction to the first line:
[10:04] {nemo} yeah but resource stocks have been strong, so if BTFD! is still in place...
01[10:04] {&Threei}  Q3 Philadelphia Fed Professional Forecasters Survey: 2013 GDP growth forecast revised to 1.5% from 2.0% prior
01[10:04] {&Threei}  then second line about inflation got all the attention
01[10:04] {&Threei}  it means more Fed easing
[10:04] {dino} out ioc 67.85, +2.05
01[10:04] {&Threei}  and market recovered
01[10:04] {&Threei}  wtg dino
[10:05] {dino} ty
01[10:06] {&Threei} Long Setup:  GDX  .15 break
01[10:06] {&Threei}  If holds  .05 
[10:06] {dino} htwr sm l .85
01[10:06] {&Threei}  change to .10
01[10:06] {&Threei}  If holds  40 
01[10:08] {&Threei}  1:1
01[10:08] {&Threei}  ok, don't be a scalp anymore
01[10:08] {&Threei}  chart is clear to .40
01[10:08] {&Threei}  and actually .50
01[10:09] {&Threei}  oh, and take FCX with you
01[10:10] {&Threei}  good biy FCX
01[10:10] {&Threei}  boy too
[10:13] {nemo} IOC pop
[10:16] {Alexs} gdx looks short now
01[10:16] {&Threei}  sigh
01[10:16] {&Threei}  anyway, nemo... I begged for FCX for you, and got it
[10:17] {nemo} bless you sir....
[10:17] {nemo} gag...
[10:17] {nemo} puke...
[10:17] {nemo} wretch...
[10:17] {nemo} this nice shit is horrible on my digestive system
01[10:17] {&Threei}  appreciate it, I know it took great effort
01[10:18] {&Threei}  to save your precious health, ir at least prevent further deterioration, you can say something nasty now... about les
01[10:19] {&Threei}  what do you know, short it was
[10:20] {nemo} look for gdx bounce between .70 and .80
01[10:33] {&Threei}  ok... .70 is here
01[10:33] {&Threei}  watching
01[10:33] {&Threei}  no sign of clear setup yet
01[10:34] {&Threei}
01[10:34] {&Threei}  worthy read
[10:35] {dino} byi hl l .40
[10:39] {dino} byi stopp .00 -.40
[10:40] {+cc_9} Very nice ranges today on SPY at last
[10:41] {+cc_9} IOC, can't look anymore
[10:44] {dino} sfun sm l .99
01[10:46] {&Threei} Short Setup: C  .85 breal
01[10:46] {&Threei}  If holds  .90 
[10:53] {+cc_9} "Daniel Perry, from Dunfermline, was reportedly the victim of blackmailers who recorded his interactions via Skype with a person he believed was an American girl his own age. They then threatened to show his family the footage unless he paid up, UK media reports say. Instead, the 17-year-old jumped from a bridge last month."
01[10:57] {&Threei} Long Setup:  CAT  .80 break hl
01[10:58] {&Threei}  If holds  .70 
01[11:03] {&Threei}  1:1
01[11:04] {&Threei}  nice scare along the way
01[11:04] {&Threei}  was one meh away from becoming somg
01[11:05] {&Threei}  sigh... I miss Will... he always laughs mercifully at my jokes
[11:07] {RonS} ...miss Les...he always rubs Nemo the wrong way...sigh...
01[11:07] {&Threei}  soon... both of them...
[11:08] {RonS} miss Patience...she had a longer term perspective, and kept Nemo's language in check...
01[11:09] {&Threei}  speaking of longer term perspective, have you checked out trademiner?
01[11:09] {&Threei}
[11:09] {RonS} no, never heard of him...
01[11:10] {&Threei}  take a look at this url
01[11:10] {&Threei}  quite neat thing
[11:18] {dino} apd sm l .40
[11:19] {dino} out sfun .39, +.40
[11:27] {RonS} 3i, that guy looks like he could be your brother but he has a funny accent...
01[11:27] {&Threei}  what guy?
[11:28] {RonS} trademiner demo dude...
01[11:28] {&Threei}  oh... lol
01[11:28] {&Threei}  never watched that
01[11:28] {&Threei}  just run the software itself
01[11:29] {&Threei}  and was pleasantly surprised
[11:29] {dino} out htwr .53, +.68
[11:29] {RonS} figures...since you've never read the books you've written...
01[11:29] {&Threei}  thsat's a matter of principle
01[11:30] {&Threei}  one is either a reader or a writer
[11:30] {RonS} or a 'rithmatic?...
01[11:30] {&Threei}  or that
01[11:31] {&Threei}  also, my math shows I can read fewer letters than I can write
01[11:31] {&Threei}  so I apply my effort where I get better leverage
01[11:31] {&Threei}  see? it all makes sense when you don't think about it
01[11:33] {&Threei}  although some say letters I write can't be read... but I think they are just jealous
[11:33] {RonS} lol
01[11:45] {&Threei} Long Setup:  FB  .10 break
01[11:46] {&Threei}  If holds  37 
[11:53] {dino} byi sm l .00 wide, gappy sucker
01[12:17] {&Threei}  1:1
01[12:29] {&Threei}  taking a break for an hour, hour and half, don't want to push during total market inactivity. Even mornong yielded scalps mostly
01[12:29] {&Threei}  oh btw:
01[12:29] {&Threei}  InterOil Corporation Responds to trading alert; Negotiations with ExxonMobil Papua New Guinea Ltd. regarding an agreement to monetize the Elk and Antelope fields are ongoing.- Responded to a trading alert from the New York Stock Exchange. In response to an inquiry regarding unusual trading activity in InterOil shares, the Company has informed the NYSE that it is InterOil's policy not to comment on market rumours or speculation. It is also the Company's policy not to comment on ongoing negotiations. Negotiations with ExxonMobil Papua New Guinea Ltd. regarding an agreement to monetize the Elk and Antelope fields are ongoing.
[13:04] {RonS} reits absolutely pummeled today
[13:09] {nemo}  spy just dropped the 50 bounce time?
[13:10] {RonS} ?
[13:10] {nemo} 50 SMA on the daily
[13:10] {RonS} ah
[13:10] {nemo} 165.78ish
[13:14] {+cc_9} whoa
[13:14] {+cc_9} just now seeing this deathdrop
[13:14] {nemo} a tad histrionic, wouldn't you say?
[13:16] {RonS} castrationionic...
[13:16] {nemo} go back to catatonic, will ya...
[13:16] {nemo} stuck ur chin out on that one
[13:16] {RonS} will do Captain...
01[13:18] {&Threei}  (US) PIMCO's Gross tweets: All asset markets are peaking; without Fed check writing we "only have ourselves to sell to"
01[13:19] {&Threei}  second half FB got taken at .29 while I was away
01[13:19] {&Threei}  cool beans, quiet but profiitable day
[13:21] {nemo}
[13:28] {RonS} it's good to be a communist state:  Ecuador to develop crude deposits in Amazon area declared biosphere reserve by UN |
01[13:30] {&Threei}  so, communist state fights regulations announced by communist UN
01[13:30] {&Threei}  what fun
[13:31] {RonS} next up: Ecuadorean named to head UN biosphere reserve...
01[13:34] {&Threei}  wow FB
[13:34] {RonS} selloff tied to jump in interest rates?  .tnx +.96 +3.4%
01[13:35] {&Threei}  most likely
[13:35] {nemo} gotta' love A-Fraud, ratted out his own teammate
01[13:35] {&Threei}  inmbalances start slowly righting themselves
[13:40] {+cc_9} speaking of imbalances, i got a guy who uses an API that trades just that
[13:40] {nemo} wonder if he can trade Les with it then
[13:44] {RonS} brutal 2 track mind...take away Les and rabbits w/ raisins and the guy couldn't put two words together...
[13:44] {RonS} hehe
[13:44] {nemo} nailed your ass mofo
[13:44] {RonS} lol
[13:45] {nemo} so much for staying catatonic
[13:45] {nemo} Hey 9er, think we'll have some short covering later?
01[13:46] {&Threei}  Ron, he probably could but this is his Zen...
[13:47] {nemo} Ron's a regular hytraya zhopa
[13:48] {dino} out apd .54, +.14
01[13:58] {&Threei}  ugh, sold FB too soon
[13:59] {+cc_9} MNST trying to find a bottom on 30min
[13:59] {nemo} think fas .20 break long, with .10 stop viable especially if spy moves above .80
[14:00] {nemo} vwap run possible
[14:00] {nemo} makes fas .70 viable trget
[14:03] {dino} byi re-load sm l .18
[14:06] {nemo} 50 SMA on SPY is now .74 so look for it to hold above
[14:13] {RonS} watching isis for capit...
[14:19] {nemo} Egyptian mythology?
[14:20] {RonS} Greek
01[14:24] {&Threei}  Euro vs US Dollar State Street FX exec: Pair may fall to $1.20 within the next year; USD expected to be strong over coming first half of year to a full year (timing uncertain)- Cautious on commodity related currencies (CAD, AUD, NZD)
[14:27] {dino} sstk drop
01[14:36] {&Threei} Short Setup: CAT  .15 break
01[14:36] {&Threei}  If holds  .25 
[14:43] {+cc_9}
01[14:43] {&Threei}  CAT is valid
[14:44] {Alexs} full lot cat?
[14:46] {dino} sstk sm l .52
01[14:48] {&Threei}  Invalidated  
[14:52] {dino} out sstk .00, +.48
[14:52] {+cc_9} nice ramp on SPY
[15:01] {nemo} ran to vwap
[15:18] {dino} lnn spike
[15:21] {dino} lnn sm s .74
[15:24] {Alexs} qihu .40 short hl?
01[15:25] {&Threei}  not my cup of tea
[15:25] {Alexs} lol
[15:29] {dino} shpg spike
[15:31] {dino} shpg sm s .18
01[15:32] {&Threei}  CIA confirms Area 51 exists
[15:33] {dino} cov shpg .65, +.53
[15:37] {dino} stop lnn .85 -.13
01[15:41] {&Threei}  not finding final play
06[15:44] * nemo gives Vad a magnifying glass and tweezers
[15:50] {dino} nclh drop
01[15:50] {&Threei}  Ok guys, time ran out
01[15:50] {&Threei}  thank you all, nice week for us
01[15:50] {&Threei}  have a good weekend, see you Mon
[15:50] {Alexs} take care Vad thanks 
[15:51] {dino} sm l .00
[15:53] {Alexs} nclh
[15:53] {dino} y
[15:54] {Alexs} k
[15:55] {dino} out .03
[15:55] {dino} gn all
[15:55] {Alexs} gn dino
[15:57] {bbobr} gn all
[15:57] {dino} :)