Friday, October 18, 2013

Oct 18 2013

Beautiful day to end the week, with strong profitable trades after first couple small stops. CAT for 1:3, IWM for 1:2  and a few others here and there worked like magic

[15:59] {dino} gn all, thx for ideas
Session Time: Fri Oct 18 00:00:00 2013
[09:16] {drewj} gm
01[09:16] {&Threei}  morning drew
[09:17] {drewj} how goes it?
01[09:18] {&Threei}  define "it"
[09:19] {drewj} the
[09:19] {nemo} my hangover is getting better
[09:19] {nemo} that's my "it"
[09:19] {drewj} good
[09:20] {nemo} might as well just go long the indexes
[09:20] {dino} gm
[09:20] {drewj} what's up dino
[09:21] {thomcbell} GM
01[09:21] {&Threei}  dino, tbell :)
[09:21] {dino} not much drew, working on some r.e. deals
01[09:22] {&Threei}  I am still thinking, drew... you asked a hard one
[09:22] {drewj} don't hurt yourself vad
01[09:22] {&Threei}  I alternate between "life is beautiful" and "life sucks..." and little nemo on my shoulder whispers "sicks is the right answer"
[09:22] {nemo} he's not used to thinking
[09:22] {drewj} what kind of re deals dino?
[09:23] {nemo} dino is just his trading name
[09:23] {drewj} I think everyone goes through that vad...
[09:23] {nemo} his real name is Donald
[09:23] {RonS} lol...classic
[09:23] {Les} gm
[09:23] {drewj} donny boy???
[09:23] {RonS} tm btw
01[09:23] {&Threei}  yeah, but not everyone is lucky to have this little always drunk man on his shoulder
[09:23] {dino} i speculate in it. bidding on foreclosed house today and signing sub-division paperwork on another
[09:24] {drewj} true...
01[09:24] {&Threei}  ron, les :)
[09:24] {drewj} i'm hoping to buy a duplex early next year...good luck
[09:24] {Les} wish u well on yer next project dino
[09:25] {ese} morning
01[09:25] {&Threei}  ese :)
[09:25] {Alexs} gm
01[09:25] {&Threei}  alex :)
01[09:27] {&Threei}  cc_9... we will need a note from parents re: your yesterday's absence
[09:27] {ese} Spy watchdog to investigate CSIS visit to Hamilton man's homeBy Cory Ruf, CBC News Posted: Oct 17, 2013 5:37 PM ET
[09:27] {ese} this is what Canadas turning into with the Harper Conservative Government
[09:28] {Les} what we watching?
[09:28] {ese} too many ultra right wing loonies in charge right now
[09:28] {dino} thx les, drew
01[09:28] {&Threei}  that's Harper's fault for sure
01[09:29] {&Threei}  ese, let's not turn this into politics board
01[09:29] {&Threei}  too many leftis loonies around as it is
[09:29] {Les} too many politicians, full stop
[09:29] {+cc_9} good late morning
06[09:29] * Les slaps cc around with an NYT set alarm clock
01[09:30] {&Threei}  if you want me to show you what those organizations did under Liberals, you would be amazed
01[09:30] {&Threei}  you just never heard about it
[09:30] {ese} true
01[09:32] {&Threei} Short Setup: GLD  .90 break hl
01[09:32] {&Threei}  If holds  127
01[09:34] {&Threei}  two nice tails topping off under 127
01[09:37] {&Threei}  SPY drop works against the trade... they are back to inverted relation today
01[09:37] {&Threei}  we need market bounce
01[09:38] {&Threei}  meh
01[09:38] {&Threei} Long Setup:  FB  .95 break hl
01[09:39] {&Threei}  If holds  .85
01[09:39] {&Threei}  that was fast 1:1
[09:39] {drewj} missed it
[09:39] {Alexs} me too
01[09:42] {&Threei} Short Setup: GDX  .70 break
01[09:42] {&Threei}  If holds  .75
[09:42] {Alexs} got it on recross ty Vad
01[09:44] {&Threei}  FB?
[09:44] {Alexs} yes
[09:44] {Les} wow SPY
01[09:45] {&Threei}  meh GDX
01[09:46] {&Threei}  one pullback should be in order before new highs on SPY
01[09:46] {&Threei} Short Setup: IWM  .10 breal
01[09:46] {&Threei}  If holds  .15
01[09:48] {&Threei}  cover half
[09:48] {nemo} yeah, shorting the indexes is not good for your health
01[09:48] {&Threei}  huh?
01[09:48] {&Threei}  so far it is
[09:49] {nemo} in general in this market
[09:49] {thomcbell} nice job on FB - when you have time let me know what you saw there
[09:49] {nemo} shorts are basically long KY
01[09:49] {&Threei}  in general, life is not good for your health
[09:49] {Alexs} lol
[09:49] {nemo} yeah, it ends up killing you
01[09:49] {&Threei}  always ends in death
[09:49] {nemo} and you wonder why I'm not an optimist
01[09:50] {&Threei}  I really don't
01[09:50] {&Threei}  wow FB
[09:50] {Alexs} just sants live forever
01[09:50] {&Threei}  that's much more than I expected from it
[09:50] {nemo} it was rhetorical Vad
[09:51] {Alexs} saints
[09:51] {thomcbell} MU long setup 17.08 break if holding 17
01[09:51] {&Threei}  I just finished counting syllables in that nemo... it violates the rule of not using words with more than 3
[09:52] {nemo} o.k.
[09:52] {nemo} it was for shits and giggles
[09:52] {Les} SPY ready to crack 174?
01[09:52] {&Threei}  I believe so
[09:53] {Les} corresponds with sso .50
01[09:53] {&Threei}  somg GDX
[09:54] {Alexs} c long .25?
01[09:54] {&Threei}  not reslly strong one
01[09:54] {&Threei}  I'd look for another candidate
[09:54] {Les} banksters are being dragged along here
[09:55] {Alexs} then short .15?
01[09:55] {&Threei} Long Setup:  CAT  .85 break
01[09:56] {&Threei}  nah, just leave it be
01[09:56] {&Threei}  C is not the best trader right now
01[09:56] {&Threei}  If holds  .75
01[09:57] {&Threei}  1:1
[10:00] {thomcbell} yhoo looking for short entry near 33.60 bounce
[10:02] {Les} sm JPM short .19 holding .30
01[10:02] {&Threei}  tbell, on FB question earlier... that was just a reversal formation, kind of bounce with mini-range, only compressed in three candles which is notmal for the morning
01[10:03] {&Threei}  trail CAT balance to .89
[10:03] {thomcbell} ok gotcha
01[10:04] {&Threei}  1:2
01[10:04] {&Threei}  by the book from here
[10:04] {Les} JPM stop to .25
01[10:04] {&Threei}  Will will be crying seeing what we did with CAT
[10:06] {dino} safm drop
[10:06] {dino} sm l .83
01[10:06] {&Threei}  GOOG Shares move above $1000 for the first time
[10:07] {Les} why the big breakaway daily candle?
01[10:07] {&Threei}  1:3 baby
01[10:08] {&Threei}  out .18
01[10:08] {&Threei}  life becomes much brighter
01[10:11] {&Threei}  btw nemo, speaking of dangers to your health... be very careful with oatmeal cookies
[10:11] {+cc_9} MYL
01[10:11] {&Threei}  I distinctly remember the case when 2 bottles of vodka went down smoothly, but then I got severe food poisoning from oatmeal cookie
[10:11] {+cc_9} ACTG
[10:12] {thomcbell} i flattened mu for minor gain - waste of time
01[10:12] {&Threei} Long Setup:  IWM  .25 break
01[10:13] {&Threei}  Invalidated
01[10:13] {&Threei}  for now
01[10:14] {&Threei}  wow Les... you might have squeezed some blood out of that JPM stone
[10:14] {+cc_9} ACTG nice
01[10:14] {&Threei}  I thought it was going to torture you for an hour, no less
[10:14] {Les} finnies are the drag
[10:15] {Les} actually looks bearish through EOD but that's way to far ahead...
[10:15] {+cc_9} ACTG through .50s
[10:15] {Les} 1:1
[10:16] {+cc_9} MYL beautiful reversal
[10:17] {Les} you pick it up in .50's cc?
[10:18] {drewj} cat still going
[10:19] {+cc_9} .53
[10:19] {+cc_9} Les
01[10:20] {&Threei}  I had this feeling it had more in it drew
01[10:20] {&Threei}  but with couple mehs before, wanted sure big win secured
[10:20] {drewj} because it went in a straight line up for 15 minutes
[10:20] {nemo} is the "meh"  the new "no workie"?
01[10:21] {&Threei}  no
[10:21] {nemo} oh
01[10:21] {&Threei}  meh is a no workie with smaller stop or half lot
01[10:21] {&Threei}  10 cents stop is no workie
[10:21] {nemo} ah
01[10:21] {&Threei}  5 is meh
[10:26] {+cc_9} ACTG is worth keeping an eye on if it can get through .50s
[10:26] {+cc_9} got some room
[10:27] {Les} JPM 1:2 close enough
[10:27] {nemo} time for little index bounce me thinks
01[10:27] {&Threei}  good one JPM
[10:27] {Les} ty
[10:27] {nemo} finnies have to hold here
[10:29] {Les} JPM 1:3
[10:34] {thomcbell} actg seems to be getting a bit of footing
[10:34] {thomcbell} darn yhoo
[10:35] {thomcbell} played improperly
[10:37] {drewj} long iwm?
01[10:37] {&Threei} Long Setup:  IWM  .90 break
01[10:37] {&Threei}  If holds  .85
[10:38] {thomcbell} scratch that thought on actg
[10:38] {Les} 1:4 without me
01[10:40] {&Threei}  1:1
01[10:45] {&Threei}  1:2
01[10:46] {&Threei}  life is good again
[10:50] {+cc_9} PRKR pulp fiction
[10:51] {drewj} short fcx?
[10:53] {drewj} vad...
01[10:54] {&Threei}  no clear read
[10:56] {ese} L nq .90
[10:57] {+cc_9} PRKR decent half bounce
[10:57] {ese} out nq .09
[10:57] {ese} +.19
[10:57] {RonS} fwiw some thinking Icahn or some other activist could move on fcx w/ entire board up for re-election and case for biz split Carl tweet and short FCX goes up in smoke...
[10:58] {ese} I love these stocks where i turn away to type the call look at it and it's shot up
[11:01] {thomcbell} FB really moving around today
[11:01] {+cc_9} ACTG, don't take off radar just yet
[11:01] {+cc_9} sideways before the pop imo
[11:05] {+cc_9} PRKR not bad...
[11:06] {RonS} sm l srpt .96
[11:07] {thomcbell} actg looks like 15.50 long break
[11:16] {thomcbell} xone 53.90 long brak
[11:17] {thomcbell} 1/2 lot if holding 53.70
[11:17] {RonS} out srpt 43.65 +.69
[11:20] {dino} etg
[11:20] {dino} wtg
[11:22] {thomcbell} xone - kind of a strange on - i got hit because my stop limit was 53.93  but i am long nonetheless
[11:26] {thomcbell} out xone 54.20
[11:30] {+cc_9} ACTG no dice on 15.50 breaking, testing 15.00 again
[11:32] {+cc_9} volume picked up on that drop, back to 15.30
01[11:48] {&Threei} Long Setup:  CAT  .60 break hl
01[11:49] {&Threei}  If holds  .50
[11:51] {Alexs} change to .50?
01[11:51] {&Threei}  after abother downtick or two
01[11:51] {&Threei}  not right away
01[11:52] {&Threei}  change to .50 break
01[11:52] {&Threei}  If holds  .45
[11:54] {dino} aegr drop
01[11:54] {&Threei}  try to sell half just under .60
01[11:54] {&Threei}  and keep second half for breakout
[11:54] {RonS} bunch of biotech getting hit...
[11:55] {RonS} bmr thrx pcyc mdvn
[11:56] {RonS} bmrn
[11:56] {RonS} mygn
[11:56] {RonS} alxn
[11:56] {RonS} amgn
[11:57] {RonS} celg
[11:57] {Les} can watch IBB for the catch all I guess
[11:58] {ese} have a great weekend all.........been one of those on the phone days and just observing......
01[11:58] {&Threei}  take care ese
[11:58] {Les} cheers man
01[11:58] {&Threei}  and don't read that much of a left press
[11:59] {RonS} freakin athn missed...amazing what happens w/ high short interest...
[11:59] {ese} cya boys
01[11:59] {&Threei}  stop .49 on CAT of course
[12:01] {drewj} are you still in?
01[12:03] {&Threei}  half
[12:12] {RonS} health plan providers creamed...aet unh
[12:12] {RonS} ...just the start...
01[12:13] {&Threei}  Victoria is 17th on Conde Nast Traveler list of world's best cities
[12:14] {Alexs} is it a citi lol
[12:14] {RonS} ...guessing they have not been there...should be 8 at leat...
[12:14] {RonS} least
01[12:15] {&Threei}  hmmm... what esle would you call it alex??
[12:15] {Alexs} town maybe
01[12:17] {&Threei}  where do you draw a separation?
01[12:17] {&Threei}  A city is an incorporated area with it's own government and some autonomy. A town may have a town council, but it doesn't have the same autonomy or responsibility at the county and state levels.
[12:17] {RonS} for me, +/- a million...
[12:18] {Alexs} just kidding, Vad
[12:22] {+cc_9} ACTG, back to resistance range again
[12:29] {thomcbell} long small splk in here 61.78 avg
[12:35] {dino} hon hl l .97
[12:42] {+cc_9} ACTG you doge
[12:42] {+cc_9} get through .50s already
[12:46] {Les} cc AMGN and other bios might interest you
[12:46] {Alexs} just checed that Conde Nast list : Beirut Lebanon on 20th place, inretesting rating
06[12:47] * Les slaps Alexs around with a Vad dictionary
[12:48] {Alexs} lol
[12:49] {Les} :)
[12:49] {Les} sm. long amgn .02 holding .90
[12:50] {+cc_9} Les, yes watching UNH
[12:51] {Les} ooh that is nasty
[13:02] {Les} UNH made its move back above s3 and is close to vwap resistance
[13:03] {Les} dunno how dino does it
[13:03] {RonS} born lucky and has daily relapse?
[13:03] {Les} the waiting
[13:05] {Les} IBB slowly getting there
[13:08] {Les} half out amgn +.18
[13:09] {dino} aegr sm l .92
[13:10] {Les} IBB rockin here
[13:18] {Les} last hafl amgn sold same price
[13:22] {dino} out hon .20, +.23
[13:22] {RonS} gj
[13:24] {dino} srpt sm l .15
[13:25] {dino} out aegr .45, +.53
[13:25] {dino} ty ron
[13:25] {dino} distracted morning
[13:28] {RonS} ya, must be tough being a real estate magnet and stock operator at the same time...
[13:28] {Les} hehe
[13:29] {dino} hardly a magnet, just earning a living
[13:30] {RonS} sm l acor .38
[13:32] {nemo} you guys mean "magnate"?
01[13:32] {&Threei}  I hope so
[13:33] {RonS} dino magnet...pulls the money towards him...
01[13:33] {&Threei}  magnetic magnate
[13:34] {dino} bailed on aegr too soon
[13:34] {RonS} out acor .30 -.08
[13:44] {dino} ugh aegr
[13:44] {dino} out sprt .06 -.09
[13:48] {+cc_9} PRKR pulp fiction from earlier played out nicely after all, back to highs
[13:53] {Les} so AMGN at 1315 was anything but double top... such is life
[13:54] {RonS} sheesh athn
[13:59] {nemo} omg...a down candle on spy
01[13:59] {&Threei}  NOOO!!
[14:00] {nemo} it didn't last
01[14:01] {&Threei}  whew
01[14:01] {&Threei}  almost destroyed my model of the world as we know it
[14:02] {RonS} lol...eBay CEO on "cautious" holiday outlook: we didn’t mean to sound so negative  -by @DelRey
[14:03] {nemo} upod
[14:03] {drewj} upod
[14:08] {RonS} ?
01[14:13] {&Threei}  CAT on watch
01[14:13] {&Threei}  although nemo taught me that watched cat never boils
[14:13] {nemo} I like cat tartar myself
[14:15] {dino} safm lod
[14:16] {nemo} wow, SPY pulled back $.20
[14:17] {RonS} unreal that ebay ceo comment popped the stock...short covering I guess...
[14:19] {thomcbell} actg 15.50 might still have some stops
[14:20] {Alexs} you sought for .60 recross Vad?
01[14:20] {&Threei}  yeah
01[14:20] {&Threei}  and bastard got away
01[14:20] {&Threei}  as cats tend to do
01[14:20] {&Threei}  unboiled ones
[14:20] {Alexs} lol
01[14:20] {&Threei}  on a worrisome side, Alex...
01[14:20] {&Threei}  you start thinking as I do
01[14:21] {&Threei}  this is dangerous sign
01[14:21] {&Threei}  you are standing on a verge of dark abyss
01[14:21] {&Threei}  and at the bottom there is nemo...
[14:22] {Alexs} :)
01[14:22] {&Threei}  here there be dragons
[14:22] {nemo} my pals
[14:22] {nemo} I had to convince them to leave bunny alone
[14:29] {RonS} sheesh ebay
[14:32] {+cc_9} DOW headed to 25,000 by today's close
[14:35] {nemo} sounds conservative
01[14:36] {&Threei}  shooting for the stars, aren't you? I for one don't believe we have a chance in hell to go any higher than 24,490
[14:39] {dino} eqm sm s break .00
[14:39] {dino} ok
01[14:46] {&Threei} Long Setup:  IWM  .55 break
01[14:46] {&Threei}  If holds  .50
[14:49] {thomcbell} took the trade splk in here
[14:49] {dino} safm sm l .73
[14:49] {thomcbell} + 0.45 or so
[14:49] {dino} cov eqm .58, +.40
[14:50] {RonS} gj
[14:50] {dino} ty
[14:53] {Alexs} gld short 127?
01[14:54] {&Threei}  worth a try, especially if SPY makes new high finally
[15:00] {Alexs} iwm invalidated?
01[15:00] {&Threei}  certainly
[15:04] {Les} small short iwm .43
[15:05] {nemo} you're late to the party on that one Les
[15:06] {nemo} time of day might work for you though
[15:07] {+cc_9} ACTG EOD bonanza
[15:07] {+cc_9} lol @ this is total bs, been repeating the same ol' line since 10:30AM
[15:07] {Alexs} GLD stop .06 or .11 Vad?
01[15:08] {&Threei}  .06
[15:14] {Les} 1:1 on IWM
01[15:14] {&Threei}  :)
[15:14] {Les} now... do we plunge
[15:14] {Les} ?
01[15:14] {&Threei}  getting in the saddle, eh Les?
[15:15] {Les} less need to be trading this time. feels good
[15:16] {Les} banksters gotta hold the line here
[15:16] {dino} you know the saying les; "nothing good ever happens after 3:00"
[15:17] {dino} a.m. that is
[15:17] {Les} married with kids...
[15:17] {Les} ain't nothing good my way
[15:17] {Les} :)
[15:17] {dino} lol
[15:17] {dino} it's 3:17 here thats why i typed it
[15:18] {Les} right
[15:28] {Les} It's friday afternoon and they're deciding...
[15:28] {Les}
[15:31] {Les} buy the dip
[15:33] {RonS} good weekend to all, outta here...
01[15:34] {&Threei}  take care ron
[15:41] {Alexs} makes sense to scratch GLD Vad?
01[15:42] {&Threei}  it often tanks on last minutes... with 5 cents stop, what's the urgency?
[15:42] {Alexs} chart is right but time
[15:44] {dino} hptx drop
01[15:48] {&Threei}  alex, let's sing together: "Time is on my side"
[15:48] {Alexs} :)
06[15:48] * dino slaps Threei around a bit with a large trout
01[15:49] {&Threei}
[15:49] {Alexs} 1:1
[15:49] {Alexs} finaly
01[15:49] {&Threei}  see... pastience IS a virtue
[15:49] {Alexs} you were right
01[15:49] {&Threei}  patience too
01[15:50] {&Threei}  I usually am... my wife hates it
[15:50] {Alexs} lol
[15:50] {Les} hehehe
[15:50] {dino} risky, sm l hotx .16
[15:50] {Les} me in late entry .94
[15:51] {dino} hptx
[15:55] {Alexs} 1/4 more ot .84
[15:55] {Alexs} out
[15:56] {dino} partial out hptx .54, +.38
01[15:56] {&Threei}  glad to finish this week on such note
[15:57] {dino} remainder .35, +.19
01[15:57] {&Threei}  nice finish dino
[15:57] {dino} opps, got .40
[15:57] {dino} ty
[15:58] {nemo} gap up Monday
[15:58] {Alexs} full out .84
[15:58] {Alexs} ty Vad for good guidance
01[15:59] {&Threei}  always\
01[15:59] {&Threei}  thank you all, have a greeat weekend
[15:59] {dino} thx all, calling it a week
[15:59] {Les} yeh decent recovery 2nd half ty outta here a+
01[15:59] {&Threei}  see you monday