Wednesday, December 18, 2013

Dec 18 2013

How about that for an after-FOMC play? On top of a few nice trades before that, makes for a verrry nice day.

Session Start: Wed Dec 18 00:00:00 2013
[09:03] {dino} gm
[09:05] {RonS} gm y'all
01[09:06] {@Threei}  dino, ron :)
[09:09] {cc_9} gm
01[09:09] {@Threei}  cc9 :)
[09:10] {cc_9} F getting slapped hard on lower guidance for full year 2014
[09:10] {Will49} gm
01[09:10] {@Threei}  will :)
[09:13] {cc_9} F should give a few opportunities today, getting hammered under $16, already pushing near 6M shares
01[09:15] {@Threei}  GM might be a companion play
01[09:15] {@Threei}  more volatility
[09:16] {barbo} GM
01[09:17] {@Threei}  Morning barbo... you haven't gotten our e-mail about reserver room yesterday?
01[09:17] {@Threei}  missed good day...
[09:19] {cc_9} Going to trade F mostly today, high vol, high liquidity, cheap and ...well, its FORD
[09:20] {RonS} 3D Systems to Acquire a Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams
[09:22] {cc_9} F coming in here, almost back to $16
[09:23] {cc_9} long F here $16.00
[09:23] {cc_9} target 16.10
[09:24] {RonS} myron in the house...
[09:24] {nemo} bummmer...wanted to be Montesquieu today
[09:25] {RonS} me too but couldn't spell it...
[09:25] {nemo} Pssssst....Ron
01[09:25] {@Threei}  lol
[09:25] {nemo} you ever hear of "Google"?
[09:25] {nemo} We should weep for men at their birth, not at their death. ~ Montesquieu
01[09:26] {@Threei}  really... think I knew how to spell Maupassant till yesterday?
[09:26] {nemo} thought
[09:27] {cc_9} F looking ripe for a bounce @ open
[09:27] {nemo} so iwm sitting right where it closed
[09:27] {cc_9} lining up my sells over 16.10 in case get fast spike @ bell
[09:28] {thomcbell} rising 200 sma at 15.66
[09:28] {thomcbell} on F
[09:30] {cc_9} adding F on this open drop
[09:31] {thomcbell} mu got nailed at the open
01[09:31] {@Threei} Long Setup:  GM  .10 break hl
01[09:31] {@Threei}  If holds  41
[09:31] {cc_9} GILD huge gap on news, buying the dips
[09:33] {thomcbell} nice little bounce off the 200 on F
01[09:33] {@Threei}  chnage to .05 break
[09:33] {cc_9} F = beautiful!
01[09:33] {@Threei}  If holds  .95
01[09:34] {@Threei}  1:1
[09:36] {cc_9} RMTI going again
[09:37] {cc_9} long GILD here
01[09:37] {@Threei} Short Setup: GDX  .30 break
[09:37] {cc_9} F buying back at this level for another round
01[09:37] {@Threei}  If holds  .35
[09:38] {thomcbell} gild might be trying to setup long here
[09:38] {thomcbell} too wide
[09:39] {cc_9} GILD so far so good, aiming for 71.50+ tgt
[09:39] {thomcbell} darn
[09:39] {cc_9} out GILD for $0.51
[09:40] {dino} gj
[09:40] {cc_9} RMTI should be good till 11.50
[09:40] {thomcbell} nice gild
[09:40] {cc_9} F giving me trouble here, needs 15.90 again
[09:41] {cc_9} F come on...lets see $16.00 again
[09:41] {thomcbell} F long setup 15.90 break if hlding 15.80 Vad
[09:42] {cc_9} GILD lovely bounce (already out)
01[09:42] {@Threei}  me likey
01[09:42] {@Threei}  actually, even .86 break qualifies
01[09:43] {@Threei}  if holds .75
[09:43] {cc_9} im already in and still looking for 16
[09:43] {cc_9} would kill for 16.10 target
[09:44] {cc_9} GILD boom, she went
[09:44] {cc_9} F having trouble :(
01[09:45] {@Threei}  GDX, stop to .32
[09:45] {cc_9} ugh F, don't fail me now...
[09:45] {thomcbell} mu short setup 22.11 break
[09:46] {cc_9} i dont want to sit through a slappathon
[09:47] {thomcbell} target on mu is 21.80
[09:47] {thomcbell} 1:1
[09:49] {cc_9} come on F, catch some bids back to .90s
[09:50] {thomcbell} mu put stop at 22.02 if anyone did it
[09:51] {cc_9} F 40M+ shares served already
[09:51] {cc_9} RMTI new highs
01[09:51] {@Threei}  1:1
01[09:51] {@Threei}  nice smackdown
[09:52] {cc_9} F needs .85 bid for a reversal
01[09:52] {@Threei}  don't you love being short when they pull a rug like this
[09:52] {thomcbell} mu 1:2
[09:52] {nemo} fB ADBE TWTR weak today
[09:52] {Will49} mm good
[09:53] {thomcbell} MU1:3
[09:53] {cc_9} F must give a fast and furious reversal to get buyers back, at this level, sideways and weak bid is all im seeing
[09:53] {thomcbell} take it if you got it
01[09:53] {@Threei}  nice one tbell
[09:53] {cc_9} Don't forget guys, today is FOMC
[09:53] {cc_9} 2:00PM ET
[09:53] {thomcbell} couldnt get my stop order figured out in time but hope someone else got it
[09:55] {cc_9} ok F make or break here
[09:55] {cc_9} bids coming back in mid .80s
[09:55] {cc_9} im long 15k shares, will dump all @ or above $16.00
[09:55] {thomcbell} cc looking for bounce off pivot on gild
[09:56] {cc_9} could be tbell, already cashed out GILD, only focused on F for now, have big position in
[09:56] {thomcbell} oh brother mu
[09:57] {nemo} I think fb drips today
[09:57] {cc_9} FB negative comments earlier in the day
[09:57] {nemo} oh
[09:57] {cc_9} here we go again, with the "taper talks"
[09:58] {cc_9} F dice, back to .80
[09:58] {thomcbell} mu
[10:00] {cc_9} wowza MU
[10:01] {cc_9} long MU here 21.00
[10:02] {dino} aapl wall .45
[10:02] {cc_9} MU bounce target 21.37
[10:03] {dino} giddy-up
[10:05] {cc_9} MU trying to hold LOD on this second drop, break of 21.25 should be good for full reversal
[10:06] {cc_9} F no love...sideways at the .80 range
[10:06] {nemo} mu earnings news?
[10:07] {thomcbell} new competitor
[10:07] {thomcbell} the rise in mu was primarily on hynix leaving the market
[10:07] {thomcbell} now someone entering
[10:07] {dino} enta going for gap fill
[10:08] {cc_9} MY, needs .20 again for pop
[10:08] {cc_9} MU*
[10:08] {cc_9} BofA defending F
[10:09] {cc_9} MU giddy up
[10:09] {cc_9} first limit to sell 21.25 next 21.35
[10:10] {cc_9} out first portion MU
[10:10] {cc_9} so far so good
[10:11] {cc_9} MU defended @ Raymond James
[10:11] {cc_9} GILD target raised to $100 from $85 @ JPM
[10:11] {cc_9} GILD catching bids on that headline
01[10:12] {@Threei}  looking for FB pullback for long entry
[10:12] {ese} morning ....slept in
[10:12] {cc_9} all out MU second partial $0.35
[10:12] {cc_9} flat MU
01[10:12] {@Threei}  ese :)
[10:12] {RonS} sm l esv .80
[10:12] {thomcbell} CC - well done
[10:13] {ese} mhr
01[10:13] {@Threei}  feels like under .10 would be just right, FB
01[10:13] {@Threei}  quick scare and ramping back up
[10:13] {cc_9} thanks bell
[10:13] {cc_9} i just want off the F ride, stock not working out as of yet, sideways only
[10:15] {cc_9} 0:03 cc_9 MU bounce target 21.37
[10:15] {cc_9} look @ the top of the candle.
[10:15] {dino} dodge would be a better symbol read, as in just stay away(dodge it)
[10:15] {nemo} it was .40 cc, you suck
[10:15] {nemo} why'd you think .37?
[10:16] {cc_9} nemo, nope, its .37 look again
[10:16] {cc_9} bc Knower_Of_All_9
[10:16] {nemo} my candle says .40 sorry
[10:16] {nemo} hehehehehehehe
[10:16] {cc_9} your candle is wrong then.
[10:16] {nemo} fine
[10:16] {cc_9} zoom in on 1 min
[10:16] {cc_9} its .37
[10:16] {nemo} must be a democrat liberal
[10:16] {nemo} I am
[10:16] {thomcbell} F looks like it needs to flush
[10:17] {nemo} this isn't the first time there have been variances between the same charts
[10:17] {nemo} my 1 min candle has a high of .40
[10:17] {cc_9} dont say that bell :(
[10:17] {cc_9} i need F to get back to 16
[10:17] {cc_9} but yes, the chart does look fluhy
[10:18] {cc_9} F tanking now :(
01[10:19] {@Threei}  quick scare occurred but bottomed out just a wee bit higher than I wanted
[10:20] {cc_9} talking about F Vad ?
[10:20] {cc_9} im really surprised it has not yet had a leg up after the open...
[10:20] {cc_9} its trading over 60M already
01[10:21] {@Threei}  no, FB
[10:21] {cc_9} F bids dying
01[10:21] {@Threei}  was hunting for pullback entry
[10:22] {cc_9} F @ 6 month lows now
[10:24] {nemo} was there news in vrtx
[10:24] {nemo} ?
01[10:24] {@Threei}  not that I see
01[10:24] {@Threei}  it's a GILD sympathy play though
[10:24] {cc_9} F tanking now
[10:24] {cc_9} fast too
[10:24] {cc_9} LOD test
[10:24] {RonS} none here vrtx
[10:26] {cc_9} F double bottom, needs 15.70s to confirm
01[10:26] {@Threei}  (US) PIMCO's Gross: Fed may taper today; but would more likely make changes on the IOER, inflation target or additional forward guidance
[10:26] {nemo} vrtx setting up long or short me thinks
[10:28] {cc_9} F no dice, she wants to flush hard before anything...
[10:28] {nemo} about time for the market to go into limbo
[10:28] {cc_9} F sellers in full control since the open
[10:28] {cc_9} not a single bounce yet
[10:29] {cc_9} F stop eater algo about to hit
[10:30] {cc_9} F full on flush. fuck
[10:32] {RonS} going back to the circus?...Orbitz Worldwide Announces Resignation of Tamer Tamar..
[10:32] {nemo} who is that?
[10:33] {RonS} dk
01[10:33] {@Threei}  he was a third floor maintenance manager
[10:34] {RonS} qiwi smashed
01[10:34] {@Threei} Long Setup:  F  .70 break
01[10:34] {@Threei}  If holds  .60
[10:35] {cc_9} now that F put in a new low, lets see if it can hold it
[10:36] {cc_9} if by some miracle it holds LOD, should start creeping back up toward .80
[10:37] {dino} enta sm l .50
[10:38] {ese} day late dollar short type of day
[10:38] {cc_9} F testing LOD again
01[10:38] {@Threei}  change to .60 break if holds .55
[10:40] {Will49} stock getting F'd
[10:40] {robbers} LOL
01[10:40] {@Threei}  Rob F'd
[10:40] {Will49} LOL
[10:41] {cc_9} im getting totally anused on F
[10:41] {cc_9} are they gonna stop making cars next year or what the F ?
[10:41] {Will49} lucky you only have 100 shares on :)
[10:41] {cc_9} not funny, but hopefully funny later
[10:42] {cc_9} race against FOMC for me to get out F
01[10:42] {@Threei}  I think news finally spread that their name is same as Toronto mayor's
01[10:42] {@Threei}  and that means majot screwup is inevitable
[10:42] {Will49} wouldn't doubt it
[10:44] {Will49} may day...may day
[10:46] {cc_9} F completely screwed
[10:46] {cc_9} not 1 bounce worth $0.20
[10:46] {cc_9} thought 15.50 would be bounce level
[10:47] {cc_9} what the hell, whats another 10k here...
[10:48] {cc_9} come on Ford...this is just utter shit, give a bounce
[10:49] {thomcbell} 15.50 long break if hldokng low
[10:49] {thomcbell} holding
[10:53] {cc_9} F all out crash...40s
[10:53] {cc_9} blah
[10:55] {cc_9} .30s...yikes
[10:55] {Will49} slow motion train wreck
[10:55] {dino} enta stop .16-.34
[10:55] {robbers} Well, a car wreck.
[10:56] {dino} not my week
[10:56] {RonS} but exercising skill?
[10:56] {cc_9} F my first max pain trade this week
[10:58] {cc_9} F seriously testing maximum pain here
[10:58] {cc_9} 100M shares traded, nothing but tank
[10:59] {dino} abtl spike
[10:59] {dino} sm s .30
[10:59] {cc_9} F fear bringing more and more fear, more and more dumping, volume through the roof
[11:00] {ese} F interesting
[11:01] {Will49} understatement of the day
[11:03] {cc_9} God damn we go again
[11:03] {dino} stop/cov abtl .50 -.20
01[11:03] {@Threei} Long Setup:  GM  .40 break hl
01[11:03] {@Threei}  If holds  .90
[11:03] {cc_9} F wants to see the damn $14s ???
[11:04] {nemo} here are strong and weak today:
[11:04] {cc_9} F another new low, just lows all day
[11:04] {nemo} vrtx at vwap
[11:05] {cc_9} F 110M shares, how many more sellers are out there...
01[11:05] {@Threei}  valid still
01[11:06] {@Threei}  bounce time F, IMO
[11:06] {cc_9} F defended @ UBS
[11:06] {cc_9} F 5min, only 3 green candles all day
[11:07] {thomcbell} yes i just noticed that
[11:08] {cc_9} this UBS defense in the shares of F giving some bids, but unless it gets back over 15.50, it will do nothing, just like the BofA defense earlier
01[11:09] {@Threei}  1:1
[11:12] {cc_9} F needs to clear these .40s to get a turn around signal on 15min
[11:14] {cc_9} F 120M served
[11:14] {cc_9} sideways in mid .30s, needs break right about now
[11:15] {dino} reload enta .19
[11:16] {cc_9} F bottom is in
01[11:17] {@Threei}  1:2
[11:18] {robbers} Out GM, thanks vad.
01[11:18] {@Threei}  1:3
01[11:18] {@Threei}  yw
[11:18] {Will49} out ...nice Vad
[11:19] {Will49} now we can sit back and pray for cc
[11:20] {cc_9} yes please, need as much of it as possible.
[11:20] {cc_9} want a crack at 15.50
01[11:20] {@Threei}  what's your average?
[11:20] {cc_9} .79
[11:20] {cc_9} pretty bad
01[11:20] {@Threei}  yikes
[11:21] {Will49} you need the Pope behind you
01[11:21] {@Threei}  and marines
[11:21] {cc_9} ill start unloading .60s...if it ever goes back there
01[11:21] {@Threei}  and navy seals
[11:21] {cc_9} dont want to hold through FOMC
[11:21] {RonS} ...w/ both hands on shoulders?
[11:23] {cc_9} come on 15.50, get there and break
[11:23] {cc_9} clock working against me, 2.5 hours to go
[11:24] {cc_9} back to .30s
[11:26] {cc_9} F 50% fib puts it at 16 on the nose
[11:27] {cc_9} the 61.8% pegs it 15.80
[11:29] {cc_9} .40s back on deck, still needs 15.50 bid for turn around
[11:30] {dino} abtl sm s .60
[11:31] {cc_9} F trying to breakout now
[11:31] {nemo} nke
[11:31] {thomcbell} acting much differenly now
[11:31] {thomcbell} with market weakening
[11:32] {thomcbell} 15.75 breakdown level and 200
[11:32] {cc_9} F $0.03 to go for breakout
[11:33] {cc_9} massive wall high .40s, nobody wants to buy near the wall
[11:33] {cc_9} gonna need more volume
[11:34] {nemo} vxx creeping up
[11:35] {cc_9} SPY dumping, F for now holding through market downside
[11:36] {cc_9} massive wall .48 F
[11:37] {cc_9} .49 offers getting hit hard
[11:38] {cc_9} no takers .50, should test again in the next 500 hours to come
[11:40] {cc_9} SPY crashing, F bid holding for now
[11:42] {nemo} wow, unusual volatility for a Fed day
[11:44] {cc_9} F } $15.50 come on...
[11:45] {cc_9} F catching bids on SPY drop
[11:45] {cc_9} lets go .60s!
[11:47] {cc_9} ugh...
[11:49] {cc_9} VXX zooming
[11:50] {cc_9} F getting bot again, next leg up
[11:51] {cc_9} break of 15.60 should bring buyers back
[11:51] {cc_9} TIME TO SOAR F !
[11:52] {cc_9} give me .60s baby
[11:53] {cc_9} its go time, $0.15 and im back to being alive.
[11:55] {cc_9} F 15min : 4 consecutive green candles
[11:56] {cc_9} F breaking .60s
[11:56] {cc_9} pushhhhhhh
[11:57] {cc_9} im just gonna cheer solo
[11:57] {cc_9} GIDDY UP FORD
[12:01] {cc_9} F getting tired, SPY tanking
[12:09] {cc_9} F losing steam :(
[12:10] {cc_9} holding 15.50 for now
[12:12] {nemo} nap time cc
[12:12] {cc_9} no such thing, need .65 on F then i start dumping
[12:12] {cc_9} and take nap ahead of FOMC
[12:14] {cc_9} F volume surge on 5min
[12:14] {cc_9} crack .60s again plz
[12:14] {dino} abtl bstop to flat
[12:19] {nemo} oh oh F looks down here
[12:19] {cc_9} F no takers at .60s
[12:19] {cc_9} frek
01[12:20] {@Threei}  should break
[12:21] {cc_9} needs to hold .50 on this pullback
[12:21] {cc_9} last high was .64 offer, needs .65 bid to get a new leg up ahead of FOMC
[12:25] {cc_9} damn it F, just get through .60 you dog
[12:28] {cc_9} if F cant break %15.60 here, it will start lokoing bearish, critical price to hold remains 15.50
[12:29] {nemo} what's ur stop See See
[12:29] {nemo} ty
[12:29] {cc_9} im holding core position, but trading my way out blocks at a time for a few cents
[12:29] {cc_9} F volume on 1min
[12:30] {nemo} pillows in front of the keyboards, folks
[12:30] {cc_9} .60 offer back on deck, $0.06 for breakout
[12:31] {cc_9} F drop held , time to get a crack at .65
[12:31] {nemo} what's ur average cc?
[12:31] {cc_9} .79
[12:31] {cc_9} look @ level 2, all the FADF prints @ .60 even though offer on INET book shows .61
[12:32] {nemo} that a dark pool?
[12:32] {cc_9} i believe so yes
[12:32] {nemo} makret looking a bit iffy here
[12:32] {nemo} market
[12:32] {cc_9} the offer had 2 left before 61, but tons were going through at .60 but never upticked
[12:32] {nemo} vwap selling
[12:33] {nemo} must be big funds getting out of positions
[12:33] {nemo} anybody big getting in won't want to pay above vwap
[12:34] {cc_9} F hard time here under .60
[12:34] {cc_9} missed MU round 2
[12:34] {cc_9} perfect double bottom and bounce
[12:35] {nemo} that's likely why though.  Traders buying for large funds get higher commission buying under vwap
[12:36] {cc_9} vwap or not, i need F to break the damn .60s
[12:36] {nemo} Nature is Unkind, it treats the myriad creation like straw dogs
[12:38] {cc_9} 160M shares served on F
01[12:38] {@Threei}  break is coming now
[12:38] {cc_9} 15.60 offer back on deck
01[12:38] {@Threei}  to the theater near you
[12:38] {cc_9} must must must crack 15.65 while SPY is tanking
[12:39] {cc_9} if can crack 15.65, no wall till 15.80
[12:40] {cc_9} too big of a seller @ .60
[12:41] {dino} rlyp drop
[12:41] {cc_9} F about to test that 15.65
[12:43] {cc_9} F  ton of sellers over .60
[12:43] {cc_9} 30 minutes to test .60, 2 minutes to lose it
[12:45] {cc_9} oh goody....tanks now
[12:50] {cc_9} SPY tank, F taking heat, losing volume and buyers
[12:53] {dino} halo spike
[12:55] {cc_9} F trying to hold that .50 again here
[12:56] {cc_9} looking for HALO news so can short
[12:57] {RonS} $HALO just jumped on mention of option activity on CNBC
[12:57] {cc_9} should fade down to 13.60 and under
[12:57] {cc_9} SPY all out crash
[12:59] {cc_9} VXX not budging on this market tank, hmmm
[13:00] {dino} halo, sm s .87
[13:00] {cc_9} F crashing again
[13:00] {cc_9} SPY not helping
[13:01] {cc_9} F trying to hold up through SPY carnage
[13:02] {cc_9} big VOL F
[13:03] {cc_9} SPY massive slappathon on going
01[13:04] {@Threei}  (US) Preview: FOMC rate decision to be released at 14:00ET; Fed economic forecast at 14:00ET; Bernanke press conf at 14:30ETFOMC Statement A recent string of favorable data opens the door for tapering to start today; Most analysts see a better than 50% chance of some form of tapering beginning today, probably with a relatively modest amount on the order of a $5-15B reduction. Alternatively the Fed could set out the parameters for tapering without pulling the trigger today in order to give markets another six weeks to digest the process.
01[13:05] {@Threei}  If the tapering process does begin today, the Fed will likely throw a bone to the markets with forward guidance changes. It could include a more formalized timetable for reducing QE, which might involve stating that the QE program will continue to function "at least" through mid-2014, or it could even set a specific monthly phase out schedule through the fall. - Source
[13:07] {cc_9} come on F, show them that you still matter, bring in money flow
[13:12] {cc_9} SPY turd flushing, F trying to hold its bids
[13:14] {cc_9} Tough call here : hold F through FOMC after seeing how its holding up vs SPY tank, or dump and re-evaluate after FOMC
[13:14] {cc_9} toughest call to make right now
[13:20] {nemo} buy puts?
[13:20] {cc_9} F no go, back to .40s
[13:20] {cc_9} putain
[13:20] {nemo} See See, I'm gonna' have to start wearing Depends, knock it off!
[13:22] {cc_9} very disappointed it could not break .65s at 12:40PM, the moment was ripe then
[13:23] {cc_9} SPY some bids, F tanking
[13:23] {cc_9} SPY tank = F holds
[13:23] {cc_9} SPY holds = F tanks
[13:23] {cc_9} the best kind of shit
[13:24] {nemo} you like flossing with barbed wire?
[13:27] {cc_9} F chart broken as far as reversal goes
[13:31] {cc_9} F all out crash, sellers stepping back in
[13:35] {cc_9} .30s
[13:37] {nemo} sorry about that cc
[13:38] {nemo} vxx looks weak at the moment...weird
[13:40] {Will49} hope he isn't going for the hemlock and water
[13:41] {nemo} he owns guns
[13:46] {cc_9} was it just me or lost mibbit connection
[13:46] {nemo} just u
[13:47] {nemo} Will thought you went to off yourself
[13:47] {cc_9} F trying a little bit here, could see .50 before FOMC
[13:47] {Will49} you OK buddy?
[13:47] {cc_9} but given my day, it probably wont even hit .48 before FOMC
[13:47] {cc_9} and ill just hold through it
[13:48] {Will49} live by the sword.....
[13:48] {cc_9} die by the trade
[13:48] {Will49} :)
[13:48] {cc_9} im going to ram my car today in the first F vehicle I see
[13:48] {nemo} BOHICA
[13:48] {Will49} LOL
[13:48] {cc_9} they want lower guidance, fine, ill help
[13:48] {nemo} you must have a class 3 toy...that would be fun
[13:50] {nemo} holy shit...we're down in the spy a whopping .27% feels like a recession out there
[13:50] {cc_9} VXX tanking ahead of FOMC
[13:50] {nemo} [13:39] {nemo} vxx looks weak at the moment...weird
[13:53] {cc_9} no taper, no taper ever, why the market even remotely thinks fed will slow down $85B a month cash infusion
[13:55] {nemo} interesting gg and gdx strong
[13:55] {Will49} everyone have their party hats and noise makers ready?
[13:55] {Will49} 4 minutes
[13:55] {nemo} can't wait for the ball to drop
01[13:55] {@Threei}  gold jusat took its off
[13:55] {cc_9} time to load up VXX and set a limit sell ahead of time
[13:55] {Will49} oh no, that's a couple of weeks away yet
[13:55] {nemo} as I said, algo had gold stocks getting hot
[13:56] {cc_9} F back to .50
[13:56] {nemo} was there once in the 70's what a madhouse...cops partying with you all night
[13:56] {cc_9} Gold going ape shit here
[13:56] {nemo} by about 10:30 there is no room to move
[13:57] {dino} trying your vxx trade , l .
[13:57] {dino} .65
[13:57] {nemo} take some off at .90 if it goes your way
[13:59] {cc_9} VOILA
[13:59] {cc_9} how you do VXX fomc trade
01[13:59] {@Threei}  taper begins
[13:59] {cc_9} HAHAHAHAHAHA
01[13:59] {@Threei}  10B
[13:59] {dino} very well, ty
[13:59] {cc_9} did you guys bank on the VXX idea ?
[13:59] {dino} out .36, +.71
[14:00] {Will49} beauty dino
[14:00] {dino} fl
[14:01] {cc_9} good work if you took the VXX idea, its always easy money on FOMC
[14:01] {cc_9} market now - direction
[14:02] {dino} 1st time i tried, nice idea
[14:02] {cc_9} yes, its great
[14:02] {nemo} dramamine time
01[14:03] {@Threei}  what if they announced no taper and it went the other way just as fast and far?
[14:03] {dino} then i'd be f#cked
[14:03] {cc_9} Vad
[14:03] {cc_9} on FOMC, there is always up/down reaction
[14:03] {cc_9} always
[14:04] {cc_9} it never takes 1 direction and stays there
[14:04] {cc_9} it pops/drops as people read into
[14:04] {cc_9} so u buy ahead, set limit to sell ahead
[14:04] {cc_9} and get taken on the knee jerk
[14:04] {nemo} cha cha cha
[14:04] {cc_9} ive been doing this same trade on VXX for a few months on every FOMC
[14:04] {nemo} agn taking off holy shit
01[14:04] {@Threei}  well, as you might know, this is not a first FOMC action I observe since 1996... {G}
[14:05] {cc_9} riveting tale chap
[14:05] {cc_9} all i care about is folks here banked on it
[14:05] {Will49} not your first rodeo, eh Vad?
[14:05] {cc_9} now, let me go sell this fucking FORD stock
[14:05] {cc_9} and call it a week
01[14:05] {@Threei}  I'd think, third, will :)
[14:06] {cc_9} come on ford, push to .70
[14:06] {cc_9} PUSH
[14:07] {Will49} everybody push
[14:07] {Will49} get out the 2X4 Vad
01[14:08] {@Threei}  2x4 is for when we are short
[14:08] {Will49} oh :(
01[14:08] {@Threei}  for long, it's army boots
[14:08] {cc_9} i have entire position to sell at .67 and .68
[14:08] {cc_9} 2 more cents...get it
06[14:08] * @Threei kicks F in the its f*** rear
[14:08] {Will49} tks
[14:09] {dino} vxx hl l .60
[14:11] {dino} out vxx .94, +.34
[14:11] {cc_9} wow...I set sell for entire position on F @ .67 and .68
[14:11] {cc_9} it goes to EXACTLY .67
[14:11] {cc_9} before fade again
01[14:13] {@Threei} Short Setup: GDX  .50 break hl
01[14:13] {@Threei}  If holds  .60
[14:14] {nemo} spy goes ex-div tomorrow night...btw
[14:15] {cc_9} i think we get another SPY rally
[14:15] {nemo} yeah, why sell if you've been holding when one more day to the dividend
01[14:16] {@Threei}  ummm
01[14:16] {@Threei}  1:2
[14:16] {cc_9} god damn it F, i cannot believe it skipped me by ONE penny.
01[14:16] {@Threei}  1:3 actuaklly but that was really too brief
01[14:16] {@Threei}  anyone caught GDX?
[14:16] {Will49} no
[14:16] {nemo} I'm telling ya' they know it's you
[14:17] {nemo} GDX was long gone
[14:20] {cc_9} load up F massive position, set sell for all position, get skipped by one penny....story of my day
[14:22] {cc_9} 14:15 cc_9 i think we get another SPY rally
[14:22] {cc_9} SPY back to near $180 on the day
[14:34] {cc_9} HeliBen is making statements
[14:34] {cc_9} SPY going to goat
[14:35] {cc_9} SPY fresh highs on heliben statements
[14:38] {cc_9} all out F
[14:39] {Will49} relax now cc
[14:40] {Will49} although it was probably painful for you, it was quite a show to observe
[14:40] {Will49} you should have sold tickets
[14:42] {cc_9} i finished ok on Ford
[14:42] {cc_9} Jesus Saves
[14:42] {Will49} good for you
[14:42] {cc_9} }implying sky daddy helped me
[14:48] {cc_9} all in all, good day
[14:48] {cc_9} i want to thank Will, dino, nemo and of course Vad
[14:48] {cc_9} for the moral support
[14:49] {Will49} you're welcome cc
[14:49] {cc_9} i will donate all my proceeds to the local synagogue
[14:49] {cc_9} and by synagogue, i mean my pocket
[14:49] {nemo} calling us moral...thaaaaaaaaaaaaaaaaaats a stretch
[14:49] {Will49} hahaha
[14:50] {cc_9} u avin' a giggle m8 ?
[14:50] {cc_9} i swer on me mum i cut ye m8
01[14:55] {@Threei}  bernanke: Janet Yellen fully supports today's actions.
01[14:55] {@Threei}  - Future tapering to come in further measures steps, will be deliberate and data dependent. Topic will be taken up at each meeting, base case scenario is for the asset purchase program to late into 2014 but ultimately the size of any further tapering decisions will be dependent on data.
[15:05] {cc_9} ugh, F wants to goat now last hour
[15:05] {nemo} 5 bil pomo tomorrow
[15:07] {cc_9} F please dont rally...nooooooooooooooo
[15:07] {nemo} bug day dude
[15:13] {cc_9} F about to go full on orange o tang
[15:14] {cc_9} damn me for selling Ford, damn me for not selling Ford
[15:14] {cc_9} ill stop complaining
[15:14] {cc_9} (unless it goes to 15.75, I will cry)
[15:14] {nemo} push me pullyou
[15:15] {nemo} no stool jokes
[15:15] {nemo} r4 spy
[15:15] {cc_9} F 16.70 ask
[15:15] {cc_9} mutilation time
01[15:16] {@Threei} Short Setup: GLD  .80 break
[15:16] {cc_9} oy vey
01[15:16] {@Threei}  hl
01[15:16] {@Threei}  If holds  .90
[15:16] {nemo} hydrashock cc
01[15:18] {@Threei}  come on GLD, let's do another rug pull
01[15:19] {@Threei}  to about .40
[15:26] {cc_9} ok guys
[15:26] {cc_9} calling it a day
[15:26] {cc_9} see you all tomorrow AM
01[15:26] {@Threei}  1:2
01[15:27] {@Threei}  nice quick drop
01[15:27] {@Threei}  1:3
01[15:27] {@Threei}  1:5
01[15:27] {@Threei}  out
01[15:27] {@Threei}  how about that to finish the day with the bang?
[15:27] {Will49} Yoweeee
01[15:28] {@Threei}  rug pull in its finest
[15:31] {Will49} still goin'
[15:32] {Will49} not
01[15:32] {@Threei}  yeah but I am nikt going to stage cc_9's style hysterics {G}
[15:36] {dino} nice 3i-ster
01[15:37] {@Threei}  :)
[15:41] {Will49} gonna run...great day Vad!
[15:41] {Will49} you were nice too nemo
[15:41] {nemo} jerk
[15:42] {dino} lol, in my neighborhood i bank asking 129,900 on foreclosure. i won it for 86,000. 2300 sq ft house, good shape
[15:42] {dino} close in 30 days
01[15:42] {@Threei}  nice deal in the making
[15:42] {dino} should make 40-50k on it
[15:43] {nemo} how long you gonna' hold it?
01[15:44] {@Threei}  wow... 1:14
[15:48] {dino} 6 months max
[15:48] {dino} renovations 30-45 days, then list it. usually takes 4-6 months to flip one up here
[15:49] {nemo} should be ready for the spring selling season, perfect
[15:49] {dino} exactly, luv getting one around holidays
[15:49] {dino} banks are dropping prices for year end, so they discount much more
[15:50] {dino} typical discount is 20%, so 34% is sweet
01[15:55] {@Threei}  ok guys, thank you, have a great evening
01[15:55] {@Threei}  see you tomorrow