Monday, September 30, 2013

Sept 30 2013

Good morning and questionable afternoon, as market focused on this endless buzz about shutdown (shut it down or shut up already!) Overall, slightly positive to flat day.

Session Time: Mon Sep 30 00:00:00 2013
[08:49] {dino} gm
[08:49] {nemo} Marriage is exchanging the praises of many for the criticism of one
[08:50] {nemo} Patriots took a HUGE hit to their defense last night
[08:51] {dino} my jets just can't seem to get a quarterback
[08:51] {nemo} that' always a crap shoot...anyway WIlfork done for the year
[08:52] {cipher} gm
01[08:52] {&Threei}  morning guys
[08:55] {jdetente} morning all
01[08:57] {&Threei}  jd :)
[09:00] {nemo}
[09:05] {RonS} gm
01[09:06] {&Threei}  ron :)
[09:14] {fish_49} gm all
[09:14] {fish_49} we gapping down this am?
01[09:14] {&Threei}  fish :)
01[09:14] {&Threei}  we are
[09:15] {nemo} turn the chart right side up
[09:15] {fish_49} Good Morning nemo
[09:15] {nemo} like fingernails across a blackboard
[09:16] {nemo} had to break up another stand-off between my father and bunny last night
[09:17] {nemo} It would make a great comedy scene
[09:18] {RonS} Deliverance banjo background music or Leone spaghetti western?
01[09:18] {&Threei}  lol
[09:18] {ese} morning
01[09:19] {&Threei}  so, government shutdown or no?
01[09:19] {&Threei}  ese :)
[09:19] {fish_49} gm ese
[09:19] {fish_49} I say No
[09:19] {fish_49} but it will go right up to the wire
01[09:19] {&Threei}  that's how it usually went
[09:19] {ese} morning fish
01[09:19] {&Threei}  but they seem to run out of time this time
[09:20] {fish_49} yea  I think The dems win this time and the Republicans cave in last minute  to live to fight another day
[09:21] {nemo} the republicans can't win the shutdown fight...never have
[09:24] {jdetente} yeah this is a no win for the repubs
[09:24] {ese} one hell of a bureaucracy you guys got goin down there
[09:24] {+cc_9} good morning all
[09:24] {jdetente} They win, they lose. They lose, they lose. hehe
[09:24] {ese} cc
[09:24] {nemo} every government is one helluva bureaucracy
01[09:25] {&Threei}  cc :)
[09:25] {jdetente} but at least Obama has our best interests at heart
[09:25] {fish_49} lol
[09:25] {fish_49} and your money in his wallet
[09:25] {ese} true enough nemo
[09:25] {+cc_9} here is what they will do : act as if they are not agreeing, last minute they will delay a provision to "change" "obamacare" for 1 year so they can say "see, we negotiated"
[09:26] {fish_49} IMHO no 1 year delay
01[09:26] {&Threei}  ironically as it is, the guy elected to advance equality, presided over the biggest in history money transfer away from middle class
[09:26] {jdetente} so true
[09:26] {Alexs} gm
[09:26] {dino} well, his version of equality differs from yours
01[09:26] {&Threei}  alex :)
01[09:27] {&Threei}  obviously dino, lol
[09:27] {fish_49} it's like watching the bears and bulls fight ..  I want to be on the right side of the trade when the blood clean up crew comes in
[09:28] {drewj} gm
01[09:28] {&Threei}  drew :)
[09:28] {ese} drew
[09:28] {fish_49} GM Drew
[09:29] {drewj} hi guys...good weekend?
01[09:29] {&Threei}  this is going to be one of those push me pull me days
[09:29] {nemo} pushmepullyou
[09:29] {nemo} sheesh...get your Dr. Doolittle straight
01[09:29] {&Threei}  when each new word from one of congress idiots can send markey up or down in a hurry
01[09:30] {&Threei}  so let's be careful and don't commit too much
[09:30] {nemo} 167.20 is spy S4 daily
01[09:30] {&Threei} Short Setup: GDL  .80 break hl
[09:30] {nemo} 167.16 is the weekly S2
01[09:30] {&Threei}  GLD
01[09:31] {&Threei}  If holds  .90
[09:31] {+cc_9} GMCr long 71.50 starter
[09:31] {+cc_9} target 72.50+
01[09:32] {&Threei}  meh
[09:32] {+cc_9} GMCR } $72.00
[09:32] {cipher} +.35 GMCR thx cc
[09:33] {+cc_9} nice cipher
[09:34] {cipher} IRBT l.50
01[09:37] {&Threei} Short Setup: GLD  128 break
01[09:37] {&Threei}  hl again
[09:39] {+cc_9} Out GMCR 72.55 +$1.05, beautiful start
[09:39] {+cc_9} lovely lovely lovely stock
01[09:39] {&Threei}  wtg
[09:39] {fish_49} congrats CC
[09:39] {+cc_9} thank you
[09:41] {ese} nice one cc
[09:41] {dino} out irbt +.30 ty cipher
[09:41] {cipher} out IRBT .07 +.57
[09:41] {cipher} gj dino
[09:42] {+cc_9} GMCR pushing $73 now
01[09:42] {&Threei}  stop .08
[09:43] {ese} LVS raised to 77 at Atlantic Equities
[09:43] {+cc_9} Not a great exit on GMCR, but consolation in the bottom entry
[09:43] {ese} that your firm nemo
01[09:43] {&Threei}  1:1
[09:43] {ese} from 66
01[09:44] {&Threei}  1:2
01[09:45] {&Threei}  *(US) SEPT CHICAGO PURCHASING MANAGER: 55.7 V 54E (4-MONTH HIGH)
[09:45] {robbers} Out, thanks.
01[09:45] {&Threei}  yw
01[09:45] {&Threei}  lol, missed exit copying numbers
[09:45] {fish_49} you think that is what caused that push up?
01[09:46] {&Threei}  doesn't look this way to me
[09:46] {+cc_9} fish, i think just technical bounce, i don't think they will have an obvious reversal in the markets today, maybe tomorrow
[09:46] {cipher} REGN s.313.91
[09:46] {ese} maybe that and market finally realised they had a panic attack and are now correcting
[09:46] {fish_49} ty CC
[09:46] {cipher} REGN almost $15 runup
[09:47] {fish_49} that was one hell of a gap this am
[09:47] {ese} if your looking for over reaction city fish this is the place to find it
[09:47] {ese} the stupidity that goes on here sometimes is un imaginable
01[09:48] {&Threei}  "here" as in...?
01[09:48] {&Threei} Short Setup: C  48 break hl
01[09:48] {&Threei}  If holds  .10
[09:48] {ese} the market
[09:48] {fish_49} I think he means  Nemo?
[09:48] {fish_49} oh the market
[09:48] {fish_49} lol
[09:53] {Alexs} C valid?
[09:53] {dino} pru sm l .01
01[09:54] {&Threei}  no
01[09:54] {&Threei} Short Setup: C  .10 break
01[09:54] {&Threei}  If holds  .15
[09:55] {drewj} still hl?
[09:55] {dino} bofi sm l .60 thin
01[09:55] {&Threei}  no, with such small stop full
01[10:00] {&Threei}  meh
[10:06] {+cc_9} SPY back to session highs
[10:06] {dino} out pru .31, +.30
[10:06] {nemo} 50 day around 168.20
01[10:09] {&Threei} Long Setup:  MET  .65 break
01[10:09] {&Threei}  If holds  .55
[10:12] {cipher} REGN s.318.64
[10:14] {+cc_9} oh god...HLF, why
[10:14] {+cc_9} This is the kind of move I was looking for with GMCR...
[10:15] {+cc_9} HLF 67 to 70 straight up
01[10:15] {&Threei}  (US) House Speaker Boehner (R-OH): "The House has done its work," the Senate should pass the House bill to delay the Affordable care act (ACA, Obamacare) and repeal the medical device tax
[10:18] {fish_49} the market likes that news
01[10:19] {&Threei} Long Setup:  GDX  .10 break
01[10:19] {&Threei}  If holds  25
[10:19] {+cc_9} fish, what I meant earlier by 1 year delay
[10:19] {+cc_9} its not the law they will try to delay
[10:20] {+cc_9} they will delay their "provision" to "fight" the "law" for 1 year
[10:20] {+cc_9} to "save" (orange) "face"
[10:20] {ese} anybody on this board go long cgix when it was say 12 to 14 bucks
[10:20] {dino} wprt l .30
[10:20] {ese} in 3 days your 10 to 12 bucks up
[10:21] {dino} ese, no but shorted it friday 20.85 to 19.90s
[10:22] {dino} crazy trader, careful w/it, moves in .50 trades
[10:22] {ese} whoa....good short
[10:23] {ese} not gonna do anything with it.......have just been observing it since last thursday
[10:25] {ese} "The House has done its work,"'s in gods hands now
[10:26] {RonS} guess they agree w/ O supporters that he is god...
01[10:26] {&Threei}  lol
[10:26] {dino} lol
01[10:26] {&Threei}  GDX 1:1
[10:30] {+cc_9} watching people getting killed shorting FB all morning...
[10:30] {ese} dallas fed way up
[10:30] {ese} 12.8 v 5.0
[10:30] {cipher} SDS l .56
01[10:31] {&Threei}  MET stop to .59
[10:31] {+cc_9} scalp i hope cipher
01[10:32] {&Threei}  look at the components ese
01[10:32] {&Threei}  Production: 11.5 v 7.3 prior - Capacity Utilization: 10.7 v 4.6 prior - New orders 5.0 v 5.4 prior - New order growth rate 0.9 v 2.2 prior - Shipments 10.3 v 11.4 prior - Raw materials prices paid 17.6 v 10.0 prior - Wages and benefits 9.7 v 14.5 prior - Employment 10 v 11.2 prior
01[10:32] {&Threei}  this is horrible numbers
01[10:33] {&Threei}  catastrophic would be better word
[10:34] {cipher} cov REGN 316.51 +2.13
[10:34] {ese} just saw original number
01[10:34] {&Threei}  and that's how this whole "recovery" is sold - glistering numbers on the surface, rust and dirt under the hood
[10:35] {RonS} gj cipher
01[10:35] {&Threei}  New order growth rate 0.9 v 2.2
01[10:35] {&Threei}  Shipments 10.3 v 11.4 prior
[10:35] {fish_49} numbers are confusing   Production up but orders down
01[10:35] {&Threei}  so where does the good number come from?
01[10:35] {&Threei}  here:
01[10:35] {&Threei}  Raw materials prices paid 17.6 v 10.0 prior
01[10:35] {&Threei}  and here:
01[10:35] {&Threei}  Wages and benefits 9.7 v 14.5 prior - Employment 10 v 11.2 prior
01[10:35] {&Threei}  prices are up, wages and employment are down
[10:36] {fish_49} costing more to produce and producing without orders
01[10:36] {&Threei}  great economic number is presented, because manufacturer charges more and pays less
[10:36] {fish_49} Finished goods inventories will be out of whack
01[10:36] {&Threei}  see now what I meant in the morning saying "huge wealth transfer"?
01[10:37] {&Threei}  and the ridiculous thing is that left applauds it - the same left that was always for equality
[10:37] {fish_49} the markets not reacting to those numbers
01[10:37] {&Threei}  nothing is what it seems
01[10:37] {&Threei}  MET 1:1
[10:37] {fish_49} maybe it's good news? delayed tapering?  lol
[10:37] {ese} somebody lied to me............whos responsible for that..........come on now....fess up eh!
01[10:38] {&Threei}  we are all getting lied to all our life
01[10:38] {&Threei}  it's just that some choose to believe
01[10:38] {&Threei}  and some open the hood and look under it
01[10:39] {&Threei}  fish, at this point market doesn't care about those things - govt shutdown possibility is a bigger, ummm, fish to fry
[10:40] {fish_49} Sad
[10:41] {fish_49} but I'm ok with it...
[10:41] {nemo} grindup to gap close
[10:41] {+cc_9} see again, SPY slow and steady bounce
[10:42] {+cc_9} dismal volume, but its being bought
[10:42] {cipher} REGN L 317.35
[10:42] {nemo} all indexes
[10:42] {cipher} out 318.09 +.74
[10:43] {RonS} took bofi .55 out 64.15 +.60  thanks dino
[10:43] {cipher} SDS stopped .53 -.03
[10:43] {ese} ok dino i went small cgix at 21.01 400shs...put a limit order in....didn't want to make call on the board because this one was a scary proposition am out .60
[10:43] {ese} tks for the advice was surprised it got filled
[10:44] {RonS} post late anyway...would not have mattered...jus sayin...
[10:44] {ese} look at that spread now ....for a couple of seconds almost 90 cents
[10:45] {RonS} oh and btw gj ese
[10:46] {ese} lol
[10:47] {cipher} SDS L .50
[10:48] {+cc_9} GMCR the gift that keeps on giving
[10:50] {ese} you can join me on tibx ron if you want posted that last week for a swing trade at .51, you can get in .33 cheaper if you want......i'm long 2500shs of it
[10:51] {dino} gj ron on bofi
[10:51] {dino} gj es
[10:52] {ese} call that one bull s**t dino......I have no skill with those
[10:52] {ese} plain and simple luck there
[10:52] {dino} luck is part of it
[10:52] {ese} i guess
[10:53] {RonS} 1.  willingness to throw the crap against the wall 2.  luck that it will stick....
[10:54] {RonS} 3.  having a stop if it doesn't...
[10:54] {ese} do you just kinda figure out a price range or something with a stock like that......cause how can you actually guage price momentum with spreads from anywhere upwards of 30 cents
[10:55] {ese} question for you there dino
01[10:55] {&Threei}  lol ron
[10:56] {dino} price range, try to short around high, can't at bids they are too far apart
[10:56] {ese} ya for sure....understatement on that one
[10:57] {dino} takes patience on entry
[10:57] {ese} do you limit order those
[10:57] {RonS} poor patience...
[10:57] {dino} out bofi .25, +.65
[10:57] {ese} look at the price now almost .40
[10:58] {RonS} wtg
[10:58] {ese} nice one
[10:58] {dino} always limit ese, otherwise you are filling way out there
[10:58] {cipher} out SDS .54 +.04
[10:59] {dino} read that wrong, thought mkt was dropping
[10:59] {ese} Ron....ya missed tibx entry at .25 2500shs up .12 now
[11:02] {ese} have you ever done a mrkt order with a thinly traded one dino
[11:04] {ese} sacre blu.......the only problem with tibx is that i'm gonna have to wait a few more days for some profit......this is not good
[11:04] {dino} no, you will get filled too far away from limit
[11:08] {+cc_9} GMCR @ session highs
[11:11] {cipher} REGN s.318.52
[11:15] {cipher} cov 316.06 +2.46
[11:15] {dino} gj
[11:15] {cipher} can I have ny SDS back pls?
[11:15] {nemo} wow, facebook is actually pulling in
[11:16] {cipher} ok enuogh stress I'm out
[11:16] {cipher} cya tomorrow
01[11:16] {&Threei}  take care cipher
[11:18] {RonS} cipher needs name change...pese?
[11:18] {fish_49} have a great day Cipher
[11:18] {RonS} pre-ese...
[11:18] {nemo} whatsa' matter with cipher?
01[11:18] {&Threei}  our yesterday's wind strom, look at about 22 seconds mark:
01[11:18] {&Threei}  and 40
[11:18] {dino} gj cipher
[11:18] {RonS} nemo, couldn't stomach maiking a bunch of money...
[11:18] {RonS} making
[11:18] {+cc_9} BAM look @ that ponzi line today
[11:19] {+cc_9} (BAM is actually the ticker)
[11:19] {fish_49} ouch
[11:20] {fish_49} that looks cold
[11:20] {RonS} nah...reaction like a soldier after a furiously defended assault...
[11:21] {RonS} guy lives through it them goes into shellshock realizing he could have been killed...
[11:22] {RonS} happens all th time...
[11:22] {RonS} why 3i emphasizes removing emotions...
01[11:22] {&Threei}  surgically
[11:23] {RonS} ese did that...
[11:24] {RonS} replaced balls with brass...
[11:24] {RonS} side benefit is he can use them as part of drum set...
[11:26] {RonS} have not learned how to access emoticons in mirc or would put up smiley face...
[11:26] {RonS} dino mnst...migt be bottom fish candidate...
[11:27] {RonS} might
01[11:27] {&Threei}  just hit colon and shift-0
[11:27] {nemo} I wish they had a middle finger emoticon
[11:27] {RonS} lol
01[11:28] {&Threei}  mindset of entitlement:
[11:28] {RonS} ;) that was roket science...
01[11:28] {&Threei}  windstorm causes ferry cancellations,
01[11:28] {&Threei}  island is essentially cut of for the day,
01[11:28] {&Threei}  guy posts on FB:
[11:29] {RonS} ugh bofi
01[11:29] {&Threei}  Boooo! I need to be on the mainland this evening, what kind of whimps run those ferries? Someone must do something!
[11:30] {fish_49} how long is the swim?
01[11:30] {&Threei}  by ferry? or personally?
[11:30] {fish_49} he said he has to be back this eve...  Looks like he will be getting wet
01[11:30] {&Threei}  ferry, 1 h 35 m... personally, about 5 min, I don't expect anyone to live longer than than
[11:30] {RonS} who wants to be killer whale bait?
01[11:31] {&Threei}  wind reaches 70 mph on the shore, probably more in the open waters
01[11:31] {&Threei}  idiot moans about ferry cancellations
01[11:32] {&Threei}  - Political crisis in Washington, DC and in Italy are hammering global equity markets this morning. Equities are making up for steep pre-market
01[11:32] {&Threei}  - In Italy, ministers affiliated with Berlusconi's center-right party resigned from the ruling coalition after budget talks broke down on Friday
01[11:33] {&Threei}  - In the US, the Senate is scheduled to convene at 14:00ET and Majority Leader Reid is expected to move quickly to vote on House CR funding bill. A shutdown remains very possible depending on whether or not the House returns an alternative proposal, perhaps that only strips the medical device tax from Obamacare, for funding the government.
[11:34] {RonS} sheesh, what about the new tax on medical insurance...
[11:34] {fish_49} medical device tax needs to go..  they all agree but using it as a tool
[11:35] {RonS} layoffs have already happend...who cares but those in those districts...?
[11:36] {RonS} ayk...zmh
[11:36] {RonS} syk
[11:53] {+cc_9} FB IH&S if breaks 50.90
[11:57] {nemo} fb looks long right here
[11:58] {nemo} IWM closed the gap
01[11:58] {&Threei} Long Setup:  CAT  .40 break
01[11:58] {&Threei}  If holds  .30
[11:59] {+cc_9} GMCR boom
[12:02] {ese} am outta see you tomorrow my tibx swing is doing fine
[12:04] {+cc_9} FB closing in on that IH&S
01[12:09] {&Threei} Long Setup:  CAT  .25 break
01[12:09] {&Threei}  If holds  .20
[12:14] {drewj} vad...i keep having trouble placing orders.  It is saying that the route is disabled
01[12:14] {&Threei}  cc9 is the one to ask on this kind
[12:15] {drewj} do know cc?
01[12:16] {&Threei}  meh
[12:16] {jdetente} bah humbug
[12:18] {+cc_9} Drew, don't use BATS
[12:18] {+cc_9} use ARCA/POST for now
[12:19] {drewj} thanks...where do i make that change in nonko trader?
[12:20] {+cc_9} In the order entry on the montage
[12:21] {drewj} i've got 5 different options that are similar to your suggestion...
[12:22] {drewj} which arca do you suggest?
[12:25] {+cc_9} use ARCAL for limit (or LIMIT default will set you up automatically on ARCAL), POSTM for market orders.
[12:25] {+cc_9} what is your account ID Drew
[12:26] {drewj} NTRD441
[12:26] {+cc_9} Ok, are you able to see the other routes within the drop down ?
[12:27] {drewj} yes
[12:27] {+cc_9} Ok, send a test trade with ARCAL for a limit order and/or POSTM for a market order
[12:28] {+cc_9} you should get smooth fills. BATS for some reason is being lame today
[12:28] {drewj} maybe that's why.
[12:28] {drewj} how do i send a test order?
[12:28] {+cc_9} its a regular order, but use 100 shares on say BAC
[12:28] {drewj} oh
01[12:28] {&Threei}  just do it away from market
[12:29] {drewj} ok
01[12:29] {&Threei} Short Setup: GDX  .05 break
01[12:29] {&Threei}  If holds  .10
[12:30] {dino} icpt sm s .65
[12:30] {+cc_9} Drew, you used INET
[12:31] {+cc_9} which is also fine...
[12:31] {drewj} cc9 it was just seems to be rejecting all my orders
[12:31] {+cc_9} yes, its BATS, rest are fine.
[12:31] {+cc_9} INET/POST/ARCA/EDGX all are good.
[12:31] {drewj} ok...thanks
[12:31] {+cc_9} you can even go all out pirate mode and use NQBX, but dont need to.
[12:32] {dino} cov .20, -.50 wtf
[12:32] {drewj} why a pirate cc?
[12:32] {RonS} edgx sucks orders default to that...seen many instances of other exchange fills before edgx
[12:34] {+cc_9} Ron, there is also EDGA, if X is no good
[12:34] {drewj} cc do you work at nonko?
[12:34] {+cc_9} Drew, NQBX is considered an "exotic" route
[12:35] {+cc_9} Drew yes
[12:35] {drewj} who else works at nonko?
[12:35] {+cc_9} cc_1, cc_2, cc_3 all the way to cc_10
[12:36] {+cc_9} (this is a joke)
[12:36] {drewj} good
[12:36] {nemo} not really, they're actually Borg
[12:36] {+cc_9} We have guys who do the back-office, trader support, reporting, b/d and clear etc...
[12:36] {+cc_9} I just do the bad jokes in Vad's room
[12:36] {RonS} cc_rider?
[12:36] {drewj} nice
[12:37] {nemo} Ron, having flashbacks?
[12:37] {+cc_9} And i throw bones like GMCR ;)
[12:37] {drewj} seems to work well for you
[12:37] {+cc_9} and you if you catch them :)
[12:38] {drewj} first i will catch vads...later others
[12:39] {+cc_9} that's the spirit.
[12:42] {+cc_9} GMCR @ Friday's closing price.
[12:44] {+cc_9} Looks good for a swing even, i think this is interim bottom on 60min
[12:56] {+cc_9} GMCR $3.50 from initial call this AM. brb, going to cry
[12:57] {RonS} take clean handkerchef...
[12:57] {jdetente} where was your last exit GMCR?
01[12:58] {&Threei}  I disagree... that would make it dirty. Take the one that is dirty already and cry in it
[12:58] {+cc_9} My first GMCR trade tgt was 72.50
[12:59] {+cc_9} second trade went back in on the slowdown at 10:30AM for about 72.70 and got out 73.25
[12:59] {+cc_9} should have gotten back on the 11:15 dip area, but said the hell with it
[12:59] {+cc_9} GMCR is extremely oversold on 60min, this is why I kept trading it each day for the past week
[13:13] {nemo} Guess his ferry duties are over for the morning
[13:18] {jdetente} any news on this move?
[13:18] {jdetente} or just same ol same ol
[13:19] {+cc_9} Breaking News : BTFD
[13:19] {jdetente} of course
01[13:20] {&Threei}  (US) Senate Republicans are now said to be discussing a one-week spending extension
[13:20] {jdetente} spending spree??
[13:20] {jdetente} hehe
[13:21] {fish_49} kick the can into next week so we can do this again
01[13:21] {&Threei}  (US) President Obama: Have not resigned to a a Govt shutdown happening as the Senate will allow further negotiations on a long term budget ageement that would not shut the Govt down- Everyone in the US Govt must sit down in good faith and not under the threat of US debt default - Ton continue discussions with Congressional leaders through Wednesday.
01[13:22] {&Threei}  (US) Labor Dept: We will not release NFP jobs report on Friday, Oct 4th in the event of a government shutdown**REMINDER: On Friday other agencies noted the impact of a potential shutdown: Commerce Dept confirms that no economic data will be released in the event of a govt shutdown; Labor Dept will continue to issue jobless data if the govt shuts down. US Treasury issues its contingency plans in the event of a Govt shutdown: US mint to operate normally in the event of a govt shutdown; Treasury would stop tax processing activities; Treasury borrowing and debt programs will continue normally.
01[13:23] {&Threei}  I don't know about shutdown but I start really wishing for them to shut up
[13:23] {fish_49} lol
[13:27] {+cc_9} GMCR nonstop, regardless of market direction
[13:28] {drewj} is this a good day to take off early?
[13:28] {RonS} might be every day?
[13:28] {drewj} true
[13:29] {jdetente} let nemo take a few more shots at your first
[13:29] {dino} afternoons have been slow
[13:29] {jdetente} I'm bored...
[13:29] {dino} same here jd
[13:29] {drewj} he can take a few at you too then...
[13:30] {jdetente} of course that goes with the territory
[13:30] {+cc_9} GMCR } $76
01[13:31] {&Threei}  - Senate Minority Leader Mitch McConnell and the Senate Republican Conference are gauging whether there is enough support to pass a one-week stop-gap measure
[13:31] {jdetente} should've picked up some shares earlier...jeez
01[13:32] {&Threei}  they are like that dog owner who loved his dog very much, so he cut his tail in portions, not to traumatize the animal by one time large cut
[13:32] {jdetente} now they're going to regrow new tail
[13:32] {jdetente} so they can do it again next year
[13:32] {fish_49} next meeting at 2 pm
[13:33] {+cc_9} GMCR short covering here, volume pretty high vs Thursday/Friday
[13:38] {+cc_9} GMCR volume increasing on 15min :)
[13:42] {+cc_9} GMCR crushing anyone short this AM
01[13:43] {&Threei} Long Setup:  MET  .10 break
01[13:43] {&Threei}  If holds  47
[13:54] {jdetente} jiminy cricket
[13:58] {RonS} pinnochio
[13:59] {jdetente} gepetto
[14:02] {+cc_9} ok so we shut down tonight, nice.
[14:02] {+cc_9} I wonder why this is news
01[14:03] {&Threei}  (US) Senate Majority Leader Reid (D-NV): Would not support a 1 week continuning resolution (CR)
[14:05] {fish_49} voting now right?
01[14:06] {&Threei}  I think so
[14:06] {+cc_9} Yes,
[14:06] {+cc_9} Going back long light GMCR 74.85
[14:06] {fish_49} cc do you watch that online?
[14:06] {+cc_9} will try to sell 75.50 if market does not all out crash
[14:06] {+cc_9} You can watch it online yes
[14:06] {fish_49} I watch it on a different pc
[14:07] {fish_49} it caused problems on my trading pc
[14:07] {fish_49} but my question is ...  what is the commercial all about?
[14:07] {+cc_9} once commercial over, you watch bloomberg TV
[14:07] {+cc_9} nothing is free in this world
[14:08] {fish_49} same advertisement all day  over and over but not sure what it's about
[14:08] {fish_49} I will ping you
[14:08] {fish_49} no need you pinged me already
[14:08] {fish_49} I will follow up with an email
[14:08] {fish_49} no need  etc...
[14:08] {+cc_9} ...huh ?
[14:09] {fish_49} perhaps I get a different advertisement
[14:09] {+cc_9} lol who cares about the adv...
[14:09] {fish_49} just asking
01[14:09] {&Threei}  (US) S&P comments on US sovereign rating; debate on debt ceiling unlikely to change the AA+ rating- Notes no adjustment will be made as long as the disagreement is only in the short term - Reiterates that the original 2011 downgrade was a result of political brinksmanship - Failure to raise the debt ceiling is not our base case assumption
[14:10] {fish_49} the market rallied after the downgrade didn't it?
[14:10] {+cc_9} are you getting the "lucky strike with the help of GE" commercial Fish ?
[14:11] {+cc_9} bad news = good news = just keep buying, dont ask questions lol
[14:11] {+cc_9} if you ask questions about such things as "why is the market going up", you might be labeled a terrorist
01[14:15] {&Threei}  oh, that's why I always dismiss this kind of questions
[14:18] {+cc_9} GMCR needs to break that 75.20 wall
[14:19] {+cc_9} tight range here
[14:21] {fish_49} Bill back to house  Senate rejected it
01[14:21] {&Threei}  (US) Senate votes to reject the House spending plan; as expected- Bill heads back to the House to vote on whether to keep the Govt open
[14:22] {jdetente} no surprises
01[14:22] {&Threei}  game of high bet poker continues
[14:22] {jdetente} best game of chicken eve
[14:22] {jdetente} ever
[14:22] {fish_49} Dems have nothing to lose
[14:22] {fish_49} they hold the better hand
[14:23] {fish_49} they have their stop at break even
[14:23] {jdetente} they always win these kinds of fights...even if they lose
[14:25] {dino} liberal media backs them no matter what
[14:26] {fish_49} tvery true Dino
[14:26] {fish_49} now the house is thinking  Hmmm do we want to work late tonight? lets just give in  lol
01[14:34] {&Threei}  it's kind of expected but still, don't you find it sad state of affairs when the only consideration in everyone's head is, how will it play out for the 2014 election, and not how it qwill play out for the country?
[14:35] {fish_49} your right Vad
[14:35] {fish_49} but the reason why nobody is asking that question is because it has become business as usual for our government
[14:35] {+cc_9} out GMCR 75.25 +$0.40
[14:36] {+cc_9} lovely!!!!!!!!
01[14:36] {&Threei}  I know... it's just...
[14:36] {fish_49} and as for the 2014 vote?  people forget real fast as long as economy is doing well during election time
[14:37] {fish_49} Reid now saying  hahaha  Republicans  try again  and if we shut down remember it's the republicans fault
[14:37] {fish_49} lol
01[14:38] {&Threei}  whole thing turned into the game of who will be able to pass the plame on other side more effectively
[14:38] {fish_49} yep
01[14:39] {&Threei}  reminds me a conversation with a high level appartchik in the late 80s or beginning of 90s...
[14:39] {jdetente} plame for all of them if you ask me
[14:40] {fish_49} But what Reid says is a bomb when he says  you want us to fund the government for a week?
01[14:40] {&Threei}  he was muzing about all the possible options of transition to business, via KGB line or Comsomol line, or sport orgazation... and talking about a,ll the implications of the wrong choice,
[14:40] {fish_49} they will make that their propaganda
01[14:41] {&Threei}  at some point when conversation revolved for the third time around what layer of society will get what etc,
01[14:42] {&Threei}  I asked "Listem... everyone in your cicrles thinks abput these things, discusses them?"
01[14:42] {&Threei}  he said yeah, pretty much, everyone with head on the shoulders
01[14:42] {&Threei}  I asked "what about the country?'
01[14:43] {&Threei}  He looked at me with this sudden shocked expression, then said: Country? Oh, country is f)(&ed
01[14:44] {&Threei}  that was pretty much a given for them, no one even thought about it
01[14:47] {&Threei}  @TheTweetOfGod
01[14:47] {&Threei}  American government is of the people, by the people and for the people. Which begs the question: what is wrong with you people?
[14:48] {fish_49} used to be for the people
[14:49] {nemo} spy iwm and finnies walking a nice channel
[14:50] {+cc_9} GMCr nice come back from sub $75.00 pickup
[14:51] {+cc_9} cracking .20 wall
[14:52] {+cc_9} P&L today on all tickers discussed }}}
[14:52] {+cc_9} $60 shy from goal, but its Monday.
[14:53] {fish_49} CC thanks for sharing that
[14:54] {+cc_9} np
[14:54] {fish_49} It answers a question I have had for awhile.
01[14:54] {&Threei}  stop with excuses, will ya
[14:54] {+cc_9} sorry vad :(
01[14:54] {&Threei}  Monday or no Monday, short of goal is short of goal
[14:54] {+cc_9} what was the Q fish
[14:54] {+cc_9} ok, let me get that $60 on this SSO drop ;)
01[14:54] {&Threei}  and those $60 is unforgivable
[14:54] {+cc_9} ugh
[14:55] {fish_49} What is appropriate for share count on most trades
01[14:55] {&Threei}  wither get them or don't even think of showing us those shameful screenshots
01[14:56] {&Threei}  but I'll be fair and admit that it's $57.15 that you have to get
01[14:56] {&Threei}  which is still inexcusable
[14:56] {+cc_9} fish, it depends, SSO is a slow mover, so can feel comfortable starting with 500/1000
[14:56] {+cc_9} GMCR for example kinda wacky, start with 300 is good.
[14:56] {+cc_9} UVXY same, 300 starter bc fast mover
[14:57] {+cc_9} TNA 300-500 is ok to start with
01[14:57] {&Threei}  but $2.85 less inexcusable than $60
[14:58] {+cc_9} lol.
[14:59] {Alexs} GLD short .30?
01[15:00] {&Threei}  I think so
01[15:00] {&Threei}  certainly worth a try
01[15:00] {&Threei}  stop for now is above .40 but can be trailed faster than 1:1
[15:00] {Alexs} k
[15:02] {nemo} well, gotta' leave early...gonna' go poison some minds
[15:03] {Alexs} trail to .38?
[15:03] {+cc_9} Lets call them now
[15:03] {+cc_9} EOD :
[15:03] {+cc_9} 1) sell off
[15:03] {+cc_9} 2) sideways
[15:03] {+cc_9} 3) rally
[15:03] {+cc_9} call em !
01[15:03] {&Threei}  I'd prefer it tolose .25 before trailing
[15:04] {Alexs} k
01[15:04] {&Threei}  my choice is selloff
[15:04] {fish_49} I say sell off but not breaking the LOD
01[15:05] {&Threei}  (US) House Republicans planning to put forth spending legislation to delay the individual mandate by 1 year (i.e. seeking to delay one aspect of Obamacare)- House Oversight and Government Reform Committee Chairman Rep Issa (D-CA): New house bill will require President Obama and other Administration officials to sign up for Obamacare coverage, and cancel subsidies for Congressional members health plans. - Follow up 14:49ET: Senate Majority Leader Reid: will reject the latest House stopgap spending proposal. "Our negotiation is over," the House must pass the clean spending bill.
[15:05] {+cc_9} I grabbed some SSO on this drop so I can get my damn $60 already
[15:06] {+cc_9} (Vad pressured me into making this trade, if it does not work, u know who to blame)
01[15:06] {&Threei}  well, you are still 58.14 short
01[15:06] {&Threei}  15
01[15:07] {&Threei}  and if you are allowed to remain short today, tomorrow everyone is short
01[15:07] {&Threei}  and Yuri The KneeCupShooter will have to work overtume
01[15:08] {&Threei}  and to pay for his overtime, Ivan the Enforcer will have to be summoned
[15:09] {+cc_9} SPY @ bottom of intraday range
[15:11] {+cc_9} Jesus christ CNN with the dramatic images :
[15:11] {+cc_9} First it was picture of Capitol Hill with dark clouds above it
[15:11] {+cc_9} then it was the Statue of Liberty in nightime
[15:11] {+cc_9} now its a pair of shoes over a cliff
[15:11] {+cc_9} next probably pic of someone hanging
01[15:12] {&Threei}  lol
[15:13] {+cc_9} Bloomberg "Wall St. banks are set to meet with President Obama on Wednesday"
01[15:13] {&Threei}  any brown envelopes involved?
[15:14] {+cc_9} no, just ice tea and skittles
[15:15] {jdetente} the 24 hour news cycle just loves this drama
01[15:15] {&Threei}  that's kind of weird for the folks who consider lobster a cold cuts for the sandwich
01[15:18] {&Threei}  countdown clock on the TV screen
01[15:18] {&Threei}  evertyhing is ruined
01[15:18] {&Threei}  8:40 min left
01[15:19] {&Threei}  throw women and children overboard
[15:19] {jdetente} I say they push the DOW below 15k before EOD
[15:21] {+cc_9} i think we see a lil pop to 168 first
[15:22] {fish_49} 167.94 CC
[15:22] {fish_49} lol
[15:23] {+cc_9} Ok Vad/Fish, I dedicate this one to you
[15:23] {+cc_9} Goal reached (SSO trade) }}}
[15:23] {+cc_9} :D
01[15:24] {&Threei}  OK
01[15:24] {&Threei}  now you are in the clear
[15:24] {+cc_9} phew
[15:24] {jdetente} go have your milk and cookies
06[15:24] * &Threei holsters the weapon
[15:24] {fish_49} you exceeded.  Can Alex and I share the excess?
06[15:24] * &Threei signals Youri to stand down
[15:25] {+cc_9} let me see where im @ after commission
[15:25] {+cc_9} I give myself the same commission as everyone else so its fair
[15:25] {+cc_9} no house advantage.
01[15:25] {&Threei}  what kind of house is that
[15:26] {fish_49} lets go to Vegas with those house rules
[15:26] {+cc_9} 16,200 shares, $0.005 rate = $81 in commission
[15:26] {+cc_9} Gross is $1,085
[15:26] {+cc_9} Ending the day with $1,004 lol
01[15:26] {&Threei}  even house of representatives gives itself an advantage
[15:26] {+cc_9} 4 bucks shy from being called names
01[15:26] {&Threei}  lol
[15:26] {fish_49} spy turned away at .95  I was a penny off
[15:31] {+cc_9} Nice trading here guys, see you all tomorrow.
[15:31] {fish_49} take care CC good job
[15:31] {fish_49} c you have pm
01[15:31] {&Threei}  take care cc9
[15:31] {fish_49} cc u have pm
[15:32] {fish_49} gone
[15:32] {fish_49} lol
01[15:32] {&Threei}  ok GLD, die
[15:32] {Alexs} got stopped
[15:33] {RonS} thanks for sharing...
01[15:36] {&Threei}  1:1
01[15:37] {&Threei}  I didn't see Level 2 going over .40
[15:37] {Alexs} 15:29
01[15:37] {&Threei}  did I sleep through it or was it out of bounds print?
01[15:37] {&Threei}  I see it on the chart, didn't see offer going there on Level 2
01[15:39] {&Threei}  have you been watching it Alex, or set automated stop?
[15:40] {Alexs} yes, I've seen it got ot at.40
[15:40] {Alexs} out
01[15:41] {&Threei}  I slept through it then
[15:42] {Alexs} good for you )
01[15:42] {&Threei}  well, not really
[15:43] {Alexs} lol
01[15:43] {&Threei}  what if proceeded higher :)
[15:43] {fish_49} then you would be asking CC for a loan
01[15:43] {&Threei}  although it was probably a very brief sleep, lol
[15:45] {fish_49} shorts covering? why the big push up
[15:45] {fish_49} ?
01[15:47] {&Threei}  (US) House Speaker Boehner (R-OH): Clean spending bill will not happen; need to remove individual mandate in Obamacare as well as exemptions for members of Congress
01[15:48] {&Threei}  (US) House Rep King (R-NY): Republican party has been hijacked by Ted Cruz; will not support the Republican spending bill -
[15:48] {dino} mygn drop
[15:50] {dino} hl l .55
[15:53] {drewj} ok guys...have a good evening.
[15:53] {fish_49} take care all
01[15:54] {&Threei}  thank you all, have a great evening
01[15:54] {&Threei}  see you tomorrow, with or without the government
[15:59] {dino} out mygn flat, not enough time
[16:00] {dino} gn