Tuesday, December 24, 2013

Dec 24 2013

Unusually for a short day and thin pre-holiday trading, we had quite productive day:  5 calls, 5 wins, 2 of them are 1:3ers.

Merry Christmas, back online Thursday!

Session Time: Tue Dec 24 00:00:00 2013
[08:51] {nemo} wow a whole 247k shares spy have traded
[09:01] {cc_9000} Good morning all.
01[09:02] {Threei}  morning cc9
[09:06] {cc_9000} Today is half day, the market closes at 11AM ET
[09:06] {cc_9000} (wait for it...)
[09:09] {barbo} GM
01[09:09] {Threei}  barbo :)
[09:09] {nemo} cute little jab after I left cc
[09:10] {nemo} Vad?
[09:10] {nemo} How come CC got to change his nick?
01[09:12] {Threei}  petitoned me
[09:12] {cc_9000} Today should be a good Ford (F) day for a bounce
[09:12] {nemo} looks like twtr and FB the most active today
[09:19] {Will49} gm
[09:19] {dino} gm
01[09:19] {Threei}  will, dino :)
[09:20] {thomcbell} gm all
01[09:20] {Threei}  tbell :)
[09:21] {nemo} coupla tempting gaps below on the daily in F
[09:25] {RonS} gm
01[09:25] {Threei}  ron :)
[09:29] {cc_9000} GDX open wowza
[09:30] {thomcbell} wow fb
[09:30] {cc_9000} wow twtr
01[09:30] {Threei}  FB, watching for pullback entry
[09:31] {nemo} yeah, you gotta' figure on a low volume half day, they'll be the binkys
[09:31] {cc_9000} TSRO punchathon
01[09:31] {Threei} Long Setup:  FB  .30 break hl
01[09:31] {Threei}  If holds  .20
01[09:31] {Threei}  change to .20 break
01[09:32] {Threei}  If holds  .10
01[09:32] {Threei}  1:1
[09:34] {nemo} twtr sheesh
01[09:35] {Threei} Long Setup:  FB  .20 break hl
01[09:35] {Threei}  If holds  .10
01[09:35] {Threei}  deja vu
01[09:35] {Threei}  1:1
[09:35] {cc_9000} NUAN :D
01[09:36] {Threei}  1:2
[09:36] {cc_9000} TWTR gorilla mode engaged
01[09:37] {Threei}  1:3
[09:37] {cc_9000} F tanking
[09:38] {Will49} out..good call Vad
[09:38] {thomcbell} mu double topish
01[09:39] {Threei}  wtg will
01[09:39] {Threei}  wasn't the easiest one to get
[09:39] {Will49} hover works
[09:39] {Will49} but that wa a bit lucky
[09:40] {Will49} was
01[09:40] {Threei}  never hurts
[09:40] {Will49} the dino approach
[09:40] {Will49} just luck i mean
[09:40] {cc_9000} out F for $0.04 on 10k :)
[09:41] {Will49} better than a poke....
[09:41] {Will49} nice cc
[09:41] {nemo} or being friends with me
[09:41] {Will49} he'll regret ever saying that
[09:41] {cc_9000} ty will, lol nemo
[09:42] {cc_9000} CYTR pulp, eyeing for SS
[09:42] {nemo} nah...it was nice technique actually
[09:42] {thomcbell} mu 1:1 on 21.80 break
[09:42] {nemo} like sliding the blade in between the ribs sideways so your hand doesn't slide off along the blade
[09:42] {Will49} sheeesh
01[09:43] {Threei}  aren't you glad you know nemo, will
01[09:43] {Threei}  you learn so many useful techniques
[09:43] {ese} morning......slept in......
01[09:43] {Threei}  ese :)
[09:43] {Will49} nemo, you'll have to see "Out of the furnace" you're kind of flic
[09:43] {thomcbell} wow splk
01[09:43] {Threei} Long Setup:  FB  .95 break hl
01[09:44] {Threei}  If holds  .85
01[09:44] {Threei}  1:1
[09:45] {nemo} yelp weak
[09:45] {dino} cme sm l .33
[09:45] {nemo} damn
[09:45] {thomcbell} mhk chart
[09:45] {thomcbell} daily
[09:45] {cc_9000} the best fills I could get }}} http://img534.imageshack.us/img534/2689/t9hd.jpg
[09:49] {thomcbell} stop to 21.70 on mu
[09:49] {robbers} Thanks, FB.
[09:50] {Will49} thanks Vad!
01[09:50] {Threei}  yw guys
01[09:50] {Threei}  3 trades on the same stock in 20 min
[09:50] {Will49} exciting
[09:51] {dino} gj
[09:51] {cc_9000} TSLA goat
[09:52] {Will49} and to think...I wasn't going to get up this morning
01[09:52] {Threei}  lol
[09:52] {Will49} thought it would be choppy boring day
01[09:52] {Threei}  something to relax for a second: https://www.facebook.com/photo.php?fbid=580191675393685&set=a.488848774527976.1073741828.483178015095052&type=1&theater
01[09:52] {Threei}  I think it will be will
01[09:52] {Threei}  just found the right candidate for opening trades
[09:53] {cc_9000} TSLA flying through 154
[09:54] {thomcbell} FB loses 57.69 could give a nice flush
01[09:54] {Threei} Long Setup:  TNA  .60 break hl
01[09:55] {Threei}  If holds  .50
[09:55] {thomcbell} buys near pivot could get interesting
[09:55] {thomcbell} lvs woke up today
[09:56] {thomcbell} covered lats bit of mu here
01[09:57] {Threei}  couple numbers coming...
01[09:57] {Threei}  let's trail to .54
01[09:57] {Threei}  1:1
01[09:57] {Threei}  by the book now
01[09:58] {Threei}  *(US) DEC RICHMOND FED MANUFACTURING INDEX:13 V 10E
01[09:59] {Threei}  *(US) NOV NEW HOME SALES: 464K V 440KE
01[10:00] {Threei}  115,000 are without power in Totonto still
[10:00] {cc_9000} F cash cow :)
[10:01] {thomcbell} lvs looking for a long entry on pullback
[10:04] {Will49} btw...nice pic of chinatown
[10:04] {robbers} Thanks, TNA
01[10:04] {Threei}  :)
[10:05] {thomcbell} FB - lets see what it can do here with that 57.69 break
[10:05] {nemo} twtr dropping too
[10:05] {thomcbell} looking at 57.18  pivot
[10:09] {ese} neat picture of china town here in victoria vad
01[10:10] {Threei}  :)
[10:11] {nemo} not much on the algo:  http://imageshack.com/a/img24/5885/9t47.jpg
[10:12] {nemo} fb pivot coming
[10:12] {nemo} .20
[10:13] {ese} anymore word on this?......Facebook hit with $15 billion class action user tracking lawsuit.
01[10:13] {Threei}  old news
01[10:13] {Threei}  useless lawyer crap, too
[10:13] {ese} ya ......just wondering what if any word there is
01[10:14] {Threei}  it will take years
01[10:14] {Threei}  and many many billable hours
[10:14] {ese} thought i saw something lately in the paper about another suit re the IPO
01[10:14] {Threei}  which is what whole thing is about
[10:14] {cc_9000} F back to lows again
01[10:15] {Threei}  there is no any sensible merit to the suit
01[10:15] {Threei}  but rest assured many lawyers will make nice coin while pretending there is
[10:15] {Will49} I had a suit like that once
[10:15] {RonS} zoot?
[10:15] {Will49} yeah
[10:16] {thomcbell} well it could deflate a little of the enthusiasm
[10:16] {Will49} charcoal black with pink tie
[10:16] {dino} lol
[10:16] {thomcbell} fxi strong
[10:16] {Will49} pointed black shoes and a ducktail haircut
[10:16] {ese} Found it.........Mark Zuckerberg, banks sued over Facebook IPO Disgruntled investors say Facebook did not disclose the financial risks it faced over mobile ads CBC News Posted: Dec 18, 2013 1:13 PM ET Last Updated: Dec 18, 2013 9:32 PM ET
[10:16] {RonS} like it...real men wear pink
01[10:16] {Threei}  emerald green buttons?
[10:16] {thomcbell} darn lvs
[10:16] {Will49} in those days...yes
[10:17] {ese} he is such an idiot zuckerberg
[10:17] {RonS} wish was such an idiot here...
01[10:17] {Threei}  why? because he didn't disclose the financial risks over mobile ads?
01[10:17] {Threei}  no kidding... ese is redefining a lot of vocabulary :)
01[10:18] {Threei}  he is many things, most of them unflattering... but loser and idiot he is not
[10:18] {ese} L kmx .30
[10:18] {dino} must be nice being a billionaire idiot. i'd like to try it
01[10:19] {Threei}  I'll take another half of that experiment, dino - I'll be a loser billionare
[10:19] {RonS} except being that guy in Brazil
[10:19] {dino} lol
[10:19] {thomcbell} lvs still looking for an entry
[10:19] {RonS} went for prox 635 bil to 2 in year
[10:19] {nemo} lvs gaining strength on algo thom
01[10:19] {Threei}  how did he do that?
[10:19] {ese} what was the name of the company that just went bankrupt because the ceo treated his investors like crap issuing more shares to dilute the float the day after the ipo
[10:19] {thomcbell} mu 21.76 long break
[10:19] {ese} zuckerberg is in the same category
[10:19] {RonS} didn't read particulars
01[10:20] {Threei}  he is really not ese
01[10:20] {Threei}  you are blinded to the reality by your personal dislikes
[10:20] {ese} maybe
[10:21] {ese} out kmx .45 +.15
01[10:21] {Threei}  company you mean was pure green lunacy from the get go
01[10:21] {Threei}  and it was AONE
01[10:21] {Threei}  and CEO was empty suit
[10:21] {ese} ya that was it
01[10:22] {Threei}  FB is a very different animal
01[10:22] {Threei}  and Zuckerberg is a hoodie, not a suit
[10:22] {ese} i hate facebook like you all hate Obama
01[10:22] {Threei}  so? it doesn't mean that he is a loser
01[10:22] {Threei}  or idiot
01[10:23] {Threei}  hate it for it is
01[10:23] {Threei}  not for what it isn't
[10:23] {RonS} don't hate the O but how can you like a guy that is screwing your but daily and ruining the country
01[10:23] {Threei}  there are plenty real things to hate it for
[10:23] {RonS} butt
[10:23] {thomcbell} lvs 77.70 long break aggressive Vad?
[10:23] {thomcbell} too thin today
01[10:24] {Threei}  I hate the spread, tbell
[10:24] {thomcbell} yeah
01[10:24] {Threei}  untradeable
[10:24] {ese} listen..,...he's the dufuss whos giving all your personel inormation to any number of security intelligence services on the planet.......
[10:25] {RonS} love that Adelson dodged prox $3 bil in taxes...legally
[10:25] {ese} for free
01[10:25] {Threei}  how about this ese: FB is horrifically inrtusive, ignores basics of privacy, blatantly dictatorial in social conduct
01[10:25] {Threei}  all this is real problem
[10:25] {ese} perfect
01[10:25] {Threei}  so, there are real things to hate it for
[10:25] {ese} couldn't agree more
01[10:26] {Threei}  why do you turn it into childish pussing contest of labels like loser and idiot, which are just untrue?
01[10:26] {Threei}  this only undermines your argument
[10:26] {ese} eventually all that will undermine the business model.....hopefully sooner than later
01[10:27] {Threei}  maybe, but I personally think real threat is different
[10:27] {ese} thats easier to type
01[10:27] {Threei}  remember how Myspace went empty almost overnight?
[10:27] {thomcbell} here comes the moment of truth on fb
[10:27] {dino} not so sure ese, imagine fb gets it and protects at some time
01[10:27] {Threei}  social media world is a fickle bitch
01[10:28] {Threei}  it may simple go out of vogue
[10:28] {ese} i hope so
01[10:29] {Threei}  oh and btw... did you know that he is a huge Obama supporter, and used a lot of FB power to help him win both elections?
[10:29] {ese} idiot
[10:29] {RonS} feel like Will here...come on cme...need to go to the bathroom...
[10:30] {dino} feeling the same here ron
[10:30] {Will49} hold on hold on
01[10:30] {Threei}  now now... being obama supporter yourself, how do you label THAT an idiot?? :)
[10:30] {ese} obama that is........why would he hook up with a dufuss like that
[10:30] {RonS} de monet...
01[10:30] {Threei}  because winning an election is abive everything else
[10:30] {dino} money ese, money
01[10:31] {Threei} Short Setup: FB  .50 break hl
01[10:31] {Threei}  If holds  .40
[10:32] {ese} hammer bottom for kmx daily chart
[10:32] {cc_9000} out F for another $0.03 on 10k
[10:32] {cc_9000} "if it aint broken, buy another one of it"
[10:33] {ese} 1 cent miss selloff looks to be over
01[10:34] {Threei}  1:1
01[10:34] {Threei}  that's 5:5, and 4 of them are on the same stock
01[10:34] {Threei}  good to know we didn't wake up for nothing
[10:35] {Will49} ? chart trouble? FB was at .30 when you made that call
01[10:35] {Threei}  yes?
01[10:35] {Threei}  that was the call?
[10:36] {thomcbell} the 0.69 break was the one
01[10:36] {Threei}  OK, I am beyond lost
[10:36] {Will49} me too
[10:36] {ese} daaaaaaaaaaaa tried to get a .40 fill with kmx  didn't work sucre blu
01[10:36] {Threei}  .40 resistance, .30 support... .30 break short the inverted C&H setup
01[10:36] {Threei}  ?
[10:37] {ese} bastard
[10:37] {dino} idix?
01[10:37] {Threei}  no news that I see
[10:38] {ese} that!!!! is not the way to celebrate new years eve......missing a fill.....can't imagine anything worse than seeing money go down the tubes
[10:39] {cc_9000} F wants another go
[10:40] {dino} idix sm s .20, jumpy sucker
01[10:41] {Threei}  LVS worked after all, tbell
[10:41] {nemo} f looks down
[10:41] {dino} ormp spike
[10:42] {ese} if this thing finishes above .72 that will be a blatant buy signal.......
[10:42] {ese} kmx that is
[10:43] {thomcbell} yes the only entry would have been that quick flush down to 77.30
[10:43] {thomcbell} couldnt get setup
[10:44] {nemo} vxx
01[10:46] {Threei}  1:2
[10:46] {thomcbell} FB 38% retrace is 56.93
01[10:47] {Threei}  1:3, out
[10:48] {thomcbell} great job vad
01[10:48] {Threei}  ty
[10:50] {dino} nice
[10:52] {ese} awesome chief
[10:52] {ese} that was a biggie
[10:53] {nemo} rig getting off the mat
[10:54] {dino} cov idix .90, +.30
[10:54] {ese} 25/26 day retrace for rig bout time it showed signs of life
[10:55] {dino} been watching that and apc
[10:56] {nemo} if it weren't xmas eve apc is setup to drip down for the day
[10:56] {ese} me as well......but not watching apc......
[10:57] {nemo} rig...about to break out or whack-a-mole
[10:57] {ese} lol
[10:57] {dino} cme at that .50 wall again. in my ron reagan voice, "tear down that wall"
[10:58] {dino} good girl
[10:59] {dino} ormp animal
[11:00] {ese} man.....wish i had gotten in kmx 47...wasn't paying attention
[11:01] {dino} sheesh ormp jumps another buck
[11:01] {ese} do you trade vxx nemo or just use it as an indicator?
[11:02] {ese} been watching it since you mentioned on the board.......i like the way it trades
[11:02] {nemo} indicator, saw it was getting stronger, but interesting spy continues up, must be insurance buying not fear
[11:03] {ese} spy....slow and steady
01[11:04] {Threei}  Israel launches airstrike in Gaza Strip in retaliation for deadly shooting
01[11:04] {Threei}  Merry Christmas...
[11:05] {dino} theres your vxx nemo
[11:06] {nemo} this top is the weekly S1
[11:12] {nemo} why cme down
[11:15] {dino} out cme .53, +.20
[11:20] {nemo} twtr is amazing...how do they make money?
[11:23] {nemo} oh yeah, they don't
[11:23] {ese} ads
[11:24] {thomcbell} by getting people to short a "too high stock"
01[11:25] {Threei}  lol
[11:33] {dino} ormp sm s .06 gappy
[11:35] {dino} well that sucked
[11:37] {nemo} if fb gonna go short it'll be between here and vwap
[11:38] {ese} watching Phil Collins nemo:http://www.youtube.com/watch?v=wdebGzgS3Rg
[11:39] {ese} and Chester Thompson
[11:40] {nemo} how does Phil rate as a drummer?
[11:42] {ese} Not as techinically capable as alot of others but it's his musicality that sets him apart....he's a fantastic song writer and I hear melodies coming out of his drums....have always admired him that way
[11:42] {nemo} so he uses what he has, doesn't try to be what he's not
[11:42] {nemo} I've seen this before
[11:43] {ese} guys like Dave Weckl and Vinnie Coliuta drum circles around him but it's not always about that
[11:43] {nemo} It's like when Clapton plays the guitar, he is technically very proficient but he gets out of the way
[11:44] {ese} agreed
[11:44] {dino} cov ormp .66, +.40, got lucky
01[11:44] {Threei}  Twitter Update: Wunderlich making cautious comments; Reiterates Sell rating, price target $34
01[11:44] {Threei}  ummmm'
[11:44] {nemo} hehehehehe
[11:46] {dino} and i think with that lucy cover, i am calling it a day. 3/3, better than expected. merry xmas all, safe holiday!
01[11:46] {Threei}  lucy cover... hmm... sounds dirty somehow
[11:47] {dino} lol, spelling/typing, lucky
01[11:47] {Threei}  merry christmas dino :)
[11:47] {Will49} to you too dino
[11:47] {dino} thx guys, best wishes
[11:48] {cc_9000} Take care guys
[11:48] {cc_9000} have a great Christmas
[11:48] {ese} merry christmas all.....am outta here as well
[11:48] {Will49} peace cc
01[11:48] {Threei}  take care cc, ese
[11:48] {nemo} hasta Thursday
[11:48] {RonS} here too...best wishes
[11:49] {Will49} happy holidays guys
01[11:51] {Threei}  ok guys, with 5:5, I think we deserved our holiday break
01[11:51] {Threei}  Merry Christmas everyone, show that turkey who is da boss
01[11:52] {Threei}  see you on Thursday!
[11:52] {Will49} Agree...see ya thursday