Friday, August 2, 2013

Aug 2 2013

Little (or not so little) pre-weekend treat. Looks nice on top of other nice winning trades and secures 5 juicy profitable days in one week... which consists of 5 days. Funny coincidence.  




Session Time: Fri Aug 02 00:00:00 2013
[08:25] {nemo} see what the bears have had to  regress to:  http://bo.st/17XzFW0
[09:22] {Alexs} gm
[09:22] {bbobr} gm
01[09:23] {&Threei}  alex, bbobr :)
[09:24] {RonS} hi everyone
[09:24] {cipher} gm
01[09:24] {&Threei}  ron :)
01[09:27] {&Threei}  Labor-force participation drops, discouraged workers up y/y, earnings & workweek dip
01[09:27] {&Threei}  recovery gains speed
01[09:30] {&Threei} Short Setup: IWM  .70 break
01[09:30] {&Threei}  If holds  .80
01[09:31] {&Threei}  stop to .76
01[09:32] {&Threei}  meh
01[09:33] {&Threei} Short Setup: GDX  .25 break
01[09:34] {&Threei}  If holds  .31
01[09:36] {&Threei}  IWM rinse
01[09:38] {&Threei} Long Setup:  C  .60 break
01[09:38] {&Threei}  If holds  .55
01[09:39] {&Threei}  still valid
01[09:40] {&Threei}  with .53 stop
01[09:42] {&Threei}  1:1
01[09:44] {&Threei} Short Setup: GDX  .45 break
01[09:44] {&Threei}  If holds  .53
01[09:45] {&Threei}  1:1
01[09:47] {&Threei}  1:2
01[09:49] {&Threei}  let's go C, you owe us 1:2
01[09:51] {&Threei}  1:2
01[09:52] {&Threei}  last piecer of GDX stopped on a trail at .36 btw
01[09:58] {&Threei}  ok, closed C as well
01[10:00] {&Threei}  *(US) JUN FACTORY ORDERS: 1.5% V 2.3%E
01[10:00] {&Threei}  where is ese
01[10:00] {&Threei}  I need this long therapeutic talk about recovery
01[10:01] {&Threei}  US) Jun Durable Goods revised lower from 4.2% to 3.9%
01[10:05] {&Threei}  LOL Twitter:
01[10:05] {&Threei}  What if the Fed just hired everyone directly? Cut out the middleman
[10:06] {+cc_9} Who wants to call the close on SR today ?
01[10:07] {&Threei}  11
01[10:08] {&Threei}  pleasant thought: dino's vacation is just about over
[10:09] {nemo} unpleasant thought:  Les might be back next week
01[10:16] {&Threei} Short Setup: CAT  .50 break hl
01[10:17] {&Threei}  change to .60 break
01[10:18] {&Threei}  If holds  .65
01[10:19] {&Threei}  still valid
[10:20] {+cc_9} SR tanking
[10:20] {+cc_9} loses $14 and the bid takes a dirt nap
01[10:22] {&Threei}  1:1
[10:22] {nemo} NOW might be interesting short
01[10:22] {&Threei}  WHERE?
[10:23] {nemo} Ticker:  NOW
[10:24] {robbers} Out CAT in full, thanks.
01[10:25] {&Threei}  yw'
01[10:25] {&Threei}  those who decided to take Fri off will be crying
01[10:25] {&Threei}  shapes up decently
01[10:29] {&Threei}  closed at 1:3 btw
01[10:29] {&Threei}  Spain "will be stuck with an unemployment rate above 25% for at least five more years."
01[10:35] {&Threei} Long Setup:  GDX  .40 break
01[10:35] {&Threei}  If holds  .35
[10:35] {+cc_9} SR, here we go, 14 test again, needs to flush and it will
01[10:35] {&Threei}  SR is so out of 1998
[10:36] {nemo} oh, and you're so out of the 70's
01[10:36] {&Threei}  98-99, stocks were making moves like this routinely
01[10:36] {&Threei}  actually, I am from 60s
01[10:36] {&Threei}  I just preserve well
[10:37] {nemo} I know, you probably made your oats in the 70's
01[10:37] {&Threei}  half out GDX
01[10:38] {&Threei}  stop to .39
[10:39] {+cc_9} SR cracking $14 bid
01[10:41] {&Threei}  wow... first rain in 33 days or so
01[10:58] {&Threei}  break little GDX, break
01[10:58] {&Threei}  and run
01[10:58] {&Threei}  like forrest
01[11:01] {&Threei}  State Dept. issues worldwide travel alert for US citizens due to unspecified al-Qaida threat
01[11:01] {&Threei}  oh good
01[11:02] {&Threei}  whereevr you are, you are warned of some threat
[11:02] {+cc_9} SR losing 13.50
[11:03] {+cc_9} let it flush
01[11:04] {&Threei}  wow... did we cover CAT too soon
01[11:04] {&Threei}  closed GDX
01[11:14] {&Threei} Short Setup: CAT  .90 break
01[11:14] {&Threei}  If holds  .95
[11:15] {Alexs} full lot?
[11:15] {+cc_9} the turrurists will get you
01[11:15] {&Threei}  with such stop, sure
01[11:16] {&Threei}  turrurists?
01[11:16] {&Threei}  what are those?
01[11:16] {&Threei}  Invalidated
[11:16] {+cc_9} people that live in north africa and the middle east who want to snatch your purse if you travel there
01[11:17] {&Threei}  wow...
01[11:18] {&Threei}  how do you call purse snatchers based in North America?
01[11:18] {&Threei}  wait, let me guess... purse snatchers?
[11:18] {nemo} the larger question:  does CC_9 carry a purse?
[11:18] {nemo} crissakes, wake me when the market opens
[11:19] {nemo} shit...this is slower then Les trying to add 2 + 2
[11:20] {RonS} if you were long or short yelp you would be awake...
[11:20] {nemo} yeah, mind bender that one
[11:20] {nemo} clear air on it
[11:22] {nemo} lulu OSNR
[11:26] {RonS} gotta be a Canuckian...
[11:28] {RonS} last Irishman named Devin in US passed away in 1899...
01[11:28] {&Threei}  lol
03[11:29] * Retrieving #discussions modes...
[11:29] {RonS} more proof of Irish heritage...
01[11:30] {&Threei}  what a pleasant e-mail:
01[11:30] {&Threei}  Dear client!
01[11:30] {&Threei}  You are receiving this email because of you have been received the money.
01[11:30] {&Threei}  too bad grammar makes me a bit hesitant to click...
[11:31] {RonS} lol...thought you mis-typed it...
01[11:31] {&Threei}  nope :)
01[11:37] {&Threei}  I though of posting link about 40 sexiest finanvial journalists but then decided you'd proboably not be interested
[11:37] {nemo} saw that last week  snoozer
01[11:38] {&Threei}  so, instead:
01[11:38] {&Threei}  President Mugabe's party has won two-thirds of seats in parliament in Zimbabwe's elections, the electoral commission announces
[11:38] {RonS} lol
01[11:39] {&Threei}  CFN...
[11:40] {RonS} some Brit co named smith pulled bid or squashed the rumor...
01[11:41] {&Threei}  yes but CFN was supposed to be a BUYER
[11:41] {RonS} ah
01[11:41] {&Threei} Long Setup:  CFN  .60 break hl
01[11:42] {&Threei}  If holds  .45
01[11:42] {&Threei}  change to .50 break
01[11:42] {&Threei}  If holds  .40
01[11:43] {&Threei}  crap
01[11:43] {&Threei}  got away
01[11:44] {&Threei}  double crap
01[11:45] {&Threei}  ok, in on pullback
01[11:45] {&Threei}  stop under .40
01[11:46] {&Threei}  1:1
01[11:46] {&Threei}  not trailing yet
01[11:47] {&Threei}  half out
01[11:47] {&Threei}  stop to .45
01[11:48] {&Threei}  come on CFN, you can do better that this
01[11:49] {&Threei}  oh well
01[11:49] {&Threei}  merely a scalp
[11:50] {+cc_9} SR the melting begins
[11:53] {+cc_9} getting slapped, losing 13
01[11:59] {&Threei}  CFN, son of a motherless goat
01[12:19] {&Threei} Long Setup:  CFN  .50 break hl
01[12:19] {&Threei}  If holds  .40
01[12:20] {&Threei}  change to .40 break
[12:22] {nemo} this should be the gap close
01[12:22] {&Threei}  1:1
01[12:28] {&Threei}  1:3
01[12:31] {&Threei}  1:5, out
01[12:33] {&Threei}  no? anyone?
[12:33] {nemo} here comes the gap close
[12:34] {nemo} might short it again here if it holds under 36
[12:34] {nemo} oops too late
[12:46] {_goinshort} nice call thanks!
01[12:47] {&Threei}  welcome :)
01[12:47] {&Threei}  good to see someone pays attention, lol
01[12:47] {&Threei}  these folks totally ignire me {G}
01[12:47] {&Threei}  ignore
[12:48] {_goinshort} trade was text book
01[12:48] {&Threei}  ... and I wrote it :)
[12:48] {_goinshort} lol
01[13:12] {&Threei}  http://goo.gl/FsuKJB
01[13:20] {&Threei}  I call bs on this one:
01[13:20] {&Threei}  99% of people feel uncomfortable when the tv volume is an odd number
01[13:20] {&Threei}  never met anyone who would even pay attention
[13:27] {Alexs} 1% make money and pay taxes 99% care about tv volume
01[13:27] {&Threei}  lol
[13:50] {nemo} hpq dropping back on Icahn denial probably a short
01[13:55] {&Threei}  HPQ Icahn does not own shares of the company, contrary to earlier rumors - CNBC citing sources
[13:55] {nemo} .89 short?
[13:55] {nemo}  oops
01[13:55] {&Threei}  (IT) Former PM Berlusconi reportedly calls on his party to push for reform of judicial system or else it should seek new elections - press**Note: Berlusconi has called for changes to the justice system before, and remarks come following the Italy Supreme Court affirming his prison sentence in the tax fraud case. After the court decision yesterday Berlusconi denied all of the allegations and claimed that some members of the judiciary have been unfairly targeting him.
01[14:41] {&Threei} Long Setup:  C  53 break
01[14:41] {&Threei}  If holds  .90
01[14:41] {&Threei}  just remember we are in profit preservation mode
[14:41] {nemo} I'm in consciousness preservation mode
01[14:42] {&Threei}  not too late for that?
01[14:42] {&Threei}  like, a decade too late?
[14:42] {nemo} for my conscience, yes, consciousness no
01[14:42] {&Threei}  ok... I am ahead of you then
01[14:43] {&Threei}  both are lost somewhere on the bottom of a very very deep and dark chasm
01[14:44] {&Threei}  made a wish once to get them back, and it was granted... but my accent was too thicvk, and somehow I got a bottle of cognack instead
[14:45] {RonS} lol
01[14:45] {&Threei}  (didn't regret it much either)
01[14:45] {&Threei}  I mean it was Hennessy Paradis for crissake
01[14:48] {&Threei}  try it once, and you will happuly trade your conscience for a bottle
01[15:20] {&Threei} Short Setup: GDX  .60 break
01[15:23] {&Threei}  change to .70 break
01[15:23] {&Threei}  If holds  .75
01[15:33] {&Threei}  (US) Former Treasury Sec Geithner is said to have informed the Obama administration he is not interested in becoming next Fed chairman - press- Geithner is said to be advising the administration in its choice.
01[15:33] {&Threei}  I am in tears
01[15:34] {&Threei}  now, can the rest of those economists wth two left brains withdraw themselves too?
01[15:35] {&Threei}  half out GDX
[15:37] {Alexs} trail to .71?
01[15:37] {&Threei}  yeah
01[15:37] {&Threei}  time presses
01[15:41] {&Threei}  - Your marital status? - Don't even have a cat
01[15:44] {&Threei}  VRNG Hearing court documents suggest firm could be entitled to supplimental damages
01[15:54] {&Threei}  scratching C +.02
01[15:55] {&Threei}  closing GDX
01[15:55] {&Threei}  beautiful week with 5 nicely profitable days
01[15:55] {&Threei}  have a great weekend, see you Monday!
[15:56] {Alexs} thank you for great week Vad!
01[15:56] {&Threei}  :)