Wednesday, January 8, 2014

Jan 08 2014

Another very strong day generously sprinkled with 1:3ers, 1:2ers and very few small stops. FB is a great performer, as well as GLD and other usual suspects. Midday gave us a boredom pause as market was waiting for the Fed minutes release, then action resumed and brought more profits.

Session Time: Wed Jan 08 00:00:00 2014
[09:00] {thomcbell} gm and a good morning for mu
01[09:00] {&Threei}  morning tbell
[09:04] {dino} gm
01[09:04] {&Threei}  dino
[09:13] {+cc_9} Good morning everyone
01[09:13] {&Threei}  cc9
[09:17] {nemo} FED Day................yawn
01[09:18] {&Threei}  is it today?
[09:18] {+cc_9} Knuckle's list for today : TXTR - NBIX - MU - GME - FRX - QIHU - JCP
[09:18] {nemo} yeah, minutes release at 2ish
01[09:18] {&Threei}  oh minu\tes
[09:19] {nemo} yeah...old news but it seems to slow things down
01[09:19] {&Threei}  MU... nice opening
[09:23] {+cc_9} JCP trying to hold the 7.50s pre-market, should be very active on a nice pop back to 7.80ish
[09:23] {RonS} gm y'all
[09:23] {+cc_9} NBIX eyeing for some profit taking
[09:23] {+cc_9} TXTR looking for a bounce
[09:23] {+cc_9} GME possible bounce but opening flat
[09:24] {+cc_9} QIHU massive ramp on Alibaba investment
[09:24] {+cc_9} FRX upgrades
[09:24] {+cc_9} MU beat on ER
01[09:24] {&Threei}  ron
[09:25] {_thenexttick} gm
[09:25] {RonS} stz shining
01[09:25] {&Threei}  tick
[09:26] {nemo} do you suck blood?
[09:26] {_thenexttick} no smileys today?
[09:26] {RonS} guessing no, but his twin is tock...
[09:27] {_thenexttick} yes we throw short squeeze parties together
[09:27] {+cc_9} JCP setting up for nutty volume on the first minute
[09:28] {Les} gm
01[09:28] {&Threei}  I decided to try and go a day with no single smile
01[09:28] {&Threei}  les
[09:28] {Les} i didn't know u could smile vad
[09:28] {nemo} great, isn't it Vad
01[09:29] {&Threei}  I pretend Les
[09:29] {Les} hmmm will have to try it sometime
01[09:30] {&Threei} Short Setup: GDX  .60 break
01[09:30] {&Threei}  If holds  .70
[09:32] {ese} morning
01[09:32] {&Threei}  ese
[09:32] {Les} FB gap down open
[09:34] {thomcbell} sndk beast
[09:35] {Les} taking the GLD express down
[09:35] {thomcbell} mu
[09:35] {+cc_9} long TXTR here for 29.50+ bounce
[09:35] {+cc_9} holding yesterday's LOD
[09:36] {thomcbell} 24 break if holding 24.10
[09:36] {thomcbell} invalid
01[09:36] {&Threei}  stop to .66
[09:36] {thomcbell} as said
[09:37] {+cc_9} long JCP here for bounce
[09:37] {Les} two tail GLD
01[09:37] {&Threei} Long Setup:  FB  .80 break
01[09:37] {&Threei}  If holds  .70
01[09:38] {&Threei}  1:1
01[09:38] {&Threei}  1:2
01[09:39] {&Threei}  trying for 1:4
01[09:40] {&Threei}  out on a trail
[09:40] {Les} wanted short under 58 no go
[09:40] {Les} little GLD on side of GDX paying off
[09:40] {+cc_9} long GME here
01[09:40] {&Threei}  half out GDX
01[09:41] {&Threei}  stop to .61
[09:41] {Les} aaah yeh ty sir half out
01[09:41] {&Threei}  yw
[09:43] {robbers} Out FB, thanks
01[09:44] {&Threei}  welcome robbers
[09:44] {+cc_9} JCP long so far so good
[09:44] {+cc_9} target 7.80 unchanged
[09:45] {dino} tur l .68
[09:45] {+cc_9} TXTR low volume but slowly coming in, need about 28.75 to breakout over 29
[09:45] {+cc_9} staying with it
[09:45] {+cc_9} GME nice pop, staying with it, target 45.50
[09:46] {Les} squeezed 1:2 out of gld
[09:46] {thomcbell} mu
[09:47] {+cc_9} JCP needs 7.65 bids to get a nice pop and full reversal, little wall 7.70
[09:47] {dino} qunr smr s .21 gappy
[09:48] {+cc_9} SPY tanking, JCP bids holding up nicely so far
[09:48] {+cc_9} VXX new highs
[09:48] {Les} would life FB to return to 58
01[09:48] {&Threei} Short Setup: MET  .60 break
01[09:49] {&Threei}  If holds  .67
[09:49] {+cc_9} JCP getting ready for breakout, staying with it
[09:49] {+cc_9} GME downside priced in yesterday, not tanking with market for now. Staying long GME as well
01[09:53] {&Threei}  meh
01[09:53] {&Threei}  oversat this one
[09:55] {+cc_9} TXTR getting ready to go green and breakout
[09:55] {+cc_9} TXTR new session highs
[09:56] {Les} FB leavesthestation
[09:58] {+cc_9} TXTR needs more volume to get a better spread, total volume today 71k
[09:58] {+cc_9} GME / JCP so far so good, getting ready for breakout on both
[09:58] {+cc_9} JCP !!!!!!!
[10:00] {+cc_9} QCOR death
[10:00] {Les} PLUG again
[10:00] {dino} cov qunr flat
[10:00] {dino} kmx sm l .97
[10:01] {Les} LIVE showing potentialreversal day
01[10:01] {&Threei} Short Setup: MCD  .20 break
01[10:01] {&Threei}  If holds  .30
[10:01] {+cc_9} GME new highs :D
[10:02] {+cc_9} QCOR huge crash
01[10:02] {&Threei}  Invalidated
[10:03] {+cc_9} QCOR easy money knuckles trade
[10:03] {+cc_9} GME blowing up! staying with it till 45.50
[10:05] {+cc_9} QCOR massive bounce, hope some of you guys picked up the 49s :D
[10:05] {Les} small FB short
[10:06] {+cc_9} GME through $45!
[10:06] {+cc_9} anyone in GME with me ?
[10:06] {Les} .70 holding .80
[10:06] {thomcbell} wow sndk
01[10:08] {&Threei} Long Setup:  MU  .80 break
01[10:08] {&Threei}  If holds  .75
[10:09] {+cc_9} QCOR flushathon round 2
[10:11] {RonS} Questcor volatility increase attributed to change in CDF funding
[10:11] {RonS} what is that?
01[10:11] {&Threei}  Questcor Pharma Hearing weakness attributed to circulation of chatter that the Chronic Disease Fund has called for halt in new enrollments for Acthar indications
01[10:12] {&Threei}  reference:
[10:12] {Les} FB potential DBI
[10:13] {+cc_9} all out GME +$0.61
01[10:13] {&Threei}  come on MU... 1 cent to 1:1?
[10:13] {+cc_9} in QCOR here for knuckles bounce
[10:15] {Les} vad did you fix floor bot?
[10:16] {Les} FB stop
01[10:16] {&Threei}  do I look like a floor bot fixer?
01[10:17] {&Threei}  there is a programmer looking into it
[10:17] {Les} k
[10:17] {dino} jcp dog
[10:17] {+cc_9} GME blowing up !!!
[10:17] {Les} reading your setups all wrong. need to follow u in floor
[10:17] {thomcbell} VAD U still there on mu long?
01[10:18] {&Threei}  yes
01[10:18] {&Threei}  .74 stop
01[10:18] {&Threei}  Les... not sure what you mean
01[10:18] {&Threei}  floor or discussion, it's the same setup
[10:19] {Les} yeh yeh just want min. text to read
01[10:19] {&Threei}  1:1
[10:19] {Les} entered .85 entry not .80 dumped it flat
[10:19] {+cc_9} TXTR needs some bids back to the .70s, getting sloppy again
[10:20] {+cc_9} SPY helluva headfake this morning, market back to highs and raping LOD shorts
[10:20] {+cc_9} GME $0.20 from target price given this morning @ 45.50
[10:20] {+cc_9} 09:46 cc_9 GME nice pop, staying with it, target 45.50
01[10:20] {&Threei}  1:2
01[10:21] {&Threei}  good girl MU
[10:21] {thomcbell} piper speculated that aapl may be a big future dram customer for mu
01[10:21] {&Threei}  specualte away piper
[10:21] {thomcbell}     Micron Large DRAM Customer Is Likely Apple: Piper Jaffray  10:14
[10:21] {thomcbell}        Micron referring in conf. call to a large customer signing a l-t DRAM supply contract with a $250m pre-payment likely refers to a deal with Apple, Piper Jaffray analyst Jagadish Iyer (overweight) says.
[10:21] {thomcbell}     • Agreement is “testament to tight supply” in DRAM market, Piper says; sees robust DRAM pricing continuing as MU has no plans for DRAM capacity additions
[10:21] {thomcbell}     • Says FY1Q results were “solid” and expects MU gross margins to rise 450bps through remainder of FY14
[10:21] {thomcbell}     • Wedbush analyst Betsy Van Hees (outperform) says MU commentary was upbeat on n-t outlook, indicating DRAM supply is likely to be tight, NAND supply/demand balanced in
01[10:21] {&Threei}  especially while we are long
[10:25] {+cc_9} out QCOR for $1.04
[10:25] {+cc_9} calling it a day
[10:25] {dino} gj
[10:25] {Les} nice one
[10:25] {+cc_9} just need TXTR to turn around, but its looking very shitty
[10:28] {+cc_9} TXTR about to lose its bid again, uh oh @ $28.00
[10:28] {+cc_9} getting no dip buyers today, volume 125k wow
[10:30] {dino} qcor sm l .65 ave
[10:31] {+cc_9} QCOR will go back all the way to 50.50
[10:31] {+cc_9} RTRX suing QCOR
[10:31] {+cc_9} QCOR " good luck with that "
01[10:33] {&Threei}  1:3
01[10:33] {&Threei}  me out
06[10:33] * &Threei gives a thought to cracking a smile
06[10:34] * &Threei rejects the thought as highly inappropriate
[10:34] {+cc_9} TXTR trying not to crash under 28
[10:34] {robbers} Out MOO, appreciate it Vaed.
01[10:34] {&Threei}  cool beans robbers
[10:35] {+cc_9} i dont quite understand the L2 on TXTR
[10:35] {+cc_9} buyers come and take the .20s
[10:35] {+cc_9} all trades go @ offer, then bid drops $0.10
[10:38] {+cc_9} TXTR slow liquidation, stock @ lows and @ yesterdays LOD range as well, no dip buyers so far on the day
[10:38] {+cc_9} just straight garbage dump
01[10:38] {&Threei}  FB... watching for long entry on pullback
[10:39] {+cc_9} 10:31 cc_9 QCOR will go back all the way to 50.50
[10:39] {+cc_9} ;)
[10:40] {Les} small GLD short
[10:40] {Les} .78 holding .90
[10:41] {+cc_9} TXTR flushed under $29
[10:44] {+cc_9} adding TXTR here 28.01
[10:44] {+cc_9} new cost 28.45
[10:44] {+cc_9} looking dogish
[10:45] {thomcbell} trla 38.67 long break
[10:45] {thomcbell} sorry didnt type fast enough
[10:45] {+cc_9} well look at that again TXTR...offers move to 28.10, bid dumps right away to 27.94
[10:45] {thomcbell} rvbd takeover chatter
[10:45] {thomcbell} might be good for you spikers
[10:46] {thomcbell} my stop on mu is now 23.98
[10:47] {+cc_9} RVBD that looks quite tasty for a short
[10:47] {+cc_9} gona play it same as CMCSA yesterday
[10:47] {+cc_9} stock should fade under $19.00 on profit taking
[10:47] {+cc_9} waiting for one more leg up to get short
[10:48] {thomcbell} 19 is proposed price from elliott
[10:48] {thomcbell} even better for your thesis cc on rvbd
01[10:51] {&Threei}  FB nears entry point
[10:51] {+cc_9} TXTR needs another defense today it seems....
01[10:51] {&Threei}  one more leg down
01[10:51] {&Threei}  around 58, desirably just under
[10:51] {+cc_9} you're looking to short FB vad ?
01[10:51] {&Threei}  no, looking for long on oullback
[10:52] {Les} gld stopped fade time
[10:52] {dino} out qcor .35, +.70
[10:53] {+cc_9} good job dino, it hit that $50.50 target and stayed there as resistance ;)
01[10:53] {&Threei} Long Setup:  FB  58 break
01[10:53] {&Threei}  If holds  .90
[10:53] {+cc_9} TXTR massive seller at 28.01
[10:54] {dino} yeah, was at 50.65, but couldn't get it
[10:54] {+cc_9} TXTR back to session lows
[10:55] {Les} NOW Vad
[10:56] {ese} L icld .08
[10:56] {ese} out ½ .20 +.12
[10:56] {ese} balance break even
[10:56] {+cc_9} massive seller showing up on TXTR now on each downtick
[10:56] {+cc_9} could setting up a crash
01[10:57] {&Threei}  a bit too heavy, FB
[10:57] {Les} sm. NOW short .88 holding 58
01[10:57] {&Threei}  let's trail to .94
[10:58] {ese} stopped balance icld .08
[10:58] {ese} close enough for jazz
01[10:59] {&Threei}  morning trades we easier and faster
01[10:59] {&Threei}  FB struggles
01[10:59] {&Threei}  we = were
[10:59] {+cc_9} TXTR put a fork in over on that stock for now
01[10:59] {&Threei}  going to 4 now?
01[11:00] {&Threei}  1:1 FB
[11:00] {+cc_9} from looks of it, its headed to $0.00
[11:00] {+cc_9} nobody interested in buying it up, 250k shares traded in 1.5 hours, that cannot be good
[11:00] {+cc_9} all those defenses and still nothing
01[11:00] {&Threei}  hehe
[11:01] {+cc_9} it needs like 10 more defenses
[11:01] {+cc_9} TXTR management should be making phone calls right now to JPM / GS / Merill and everyone in the industry to issue positive statements
[11:01] {dino} qcor dropping
[11:01] {+cc_9} if Credit Suiss can't get it moving, you know its screwed
[11:02] {Les} FB printed .20 didn't get swept
01[11:02] {&Threei}  1:2 baby
[11:02] {Les} ty sir
[11:02] {+cc_9} im just surprised that it did not even get 1 single bounce since 10AM TXTR, not one lol
01[11:02] {&Threei}  yw
[11:02] {+cc_9} so the stock is down about $5.00 since yesterday and still no buyers
01[11:02] {&Threei}  one of those cases when the trade was read in advance
[11:03] {Les} all out on trail
[11:04] {RonS} Elliott Says Riverbed Offer is Based on Publicly-Disclosed Info Only, Sees Opportunity to Raise Offer with Private Info $RVBD
[11:07] {+cc_9} TXTR crashing hard 27.50, chart is totally broken at this level, 0 support on any time frame
[11:09] {dino} kmx stop .73 -.24
[11:10] {RonS} sm l tal .07
[11:10] {Les} Vad FCX .35 short?
[11:11] {Les} 50 day at 36
01[11:12] {&Threei}  a bit too narrow
[11:12] {Les}  k
01[11:12] {&Threei}  sits within 10 cents range for the most of the day so far
[11:13] {dino} apam spike
[11:13] {+cc_9} TXTR on its way to crash new lows
[11:13] {+cc_9} all red candles on 5min since 10:15
[11:13] {+cc_9} basically 1 hour of red candles
[11:14] {dino} tur stop .35 -.30
[11:16] {+cc_9} come on...someone come defend TXTR before it goes to $4.00 for fuk sake
[11:16] {Les} JPM deciding which way here not right time of day though
[11:19] {+cc_9} TXTR sinking faster than the Titanic
[11:19] {+cc_9} 27.20s
01[11:20] {&Threei}  action has probably calmed down up to Fed minutes
[11:21] {RonS} scty looking to btfo
01[11:22] {&Threei} Short Setup: MOS  .70 break hl
01[11:22] {&Threei}  actually
01[11:22] {&Threei} Short Setup: MOS  .75 break hl
01[11:22] {&Threei}  If holds  .80
[11:26] {RonS} now cc can really have a simian party...
[11:26] {munky} hello
01[11:27] {&Threei}  hi munky, welcome
[11:28] {Les}
[11:28] {+cc_9} TXTR trying to form a baby base, but i would not hold my breath on it
[11:28] {Les} Yo Munky
[11:28] {+cc_9} needs like $28+ before anything at this point
[11:29] {Les} still in NOW short .89 could be two way at this point
[11:33] {+cc_9} FB getting a move here
[11:34] {thomcbell} mu 24 long break
[11:35] {thomcbell} if holding 23.94
01[11:38] {&Threei} Long Setup:  TXTR  .40 break hl
01[11:38] {&Threei}  If holds  .30
01[11:39] {&Threei}  meh MOS
[11:41] {RonS} is the paint dry?  txtr
[11:41] {Les} NOW stopped
[11:41] {RonS} ...and became THEN...
[11:42] {Les} ...and Ron will be standing in for Nemo tonight ladies and gentlemen
[11:42] {Les} :)
[11:42] {Les} NOW turned into LONG
[11:43] {nemo} inflection at 58 then vwap
[11:43] {RonS} or WRONG...
[11:43] {+cc_9} TXTR feels like its halted
[11:43] {+cc_9} volume just took a nap
[11:44] {+cc_9} QCOR might setup another crashathon, slowly dipping, keeping close eye
[11:45] {+cc_9} TXTR small buyers come in at .40s, sellers hit that right away and drop back to .30s
[11:45] {+cc_9} this is just sad, all around
[11:45] {+cc_9} oh....40s TXTR lol
[11:45] {+cc_9} it just moved $0.10! to the mooooooooooon
01[11:46] {&Threei}  someone pass cc a pacifier
06[11:46] * nemo gives cc a bottle of Grey Goose
01[11:46] {&Threei}  with pacifier
[11:46] {nemo} fine
[11:47] {Les} lol
[11:47] {nemo} was thinking beer bong myself
[11:47] {+cc_9} all im watching is TXTR level 2 for criminal activity
[11:47] {RonS} munky slaps cc with a large trout
[11:48] {+cc_9} seriously, if bored, just put TXTR on your L2/T&S and just watch the prints, its very sad
[11:49] {nemo} kinda piled up on the offers
[11:50] {Les} PLUG testing VWAP
[11:51] {+cc_9} NBIX about to lose its shit if cracks $17.00. Profit taking galore
[11:52] {+cc_9} someone just bot 7 shares of TXTR at the ask = she flies
[11:52] {+cc_9} I repeat, 7 shares were bot
[11:52] {+cc_9} aaaaaaaaand bid tanks
[11:52] {nemo} 1 4 4 1 1
[11:52] {nemo} wow
[11:52] {+cc_9} you see that too nemo right ?
[11:52] {nemo} yeah
[11:53] {Les} NOW nice shake off SOMG
[11:53] {+cc_9} if nots that ECN morse code, then idk what it is
[11:53] {+cc_9} if that's not*
[11:53] {thomcbell} mu invalid - obviously
[11:53] {nemo} not good when the bid goes donw on that shit
[11:53] {dino} tur last try l .29
[11:53] {RonS} was krill1234
[11:53] {+cc_9}  1 1 4 1 7
[11:53] {nemo} interesting point cc
[11:53] {+cc_9} those have to be messages between trading desks, or some sort of information
[11:53] {nemo} yeah
[11:53] {+cc_9} bc nobody in their right might would send 1 share
[11:53] {+cc_9} and 4 shares
[11:53] {+cc_9} and 7 shares
[11:54] {nemo} nasd
[11:54] {nemo} 1 on nyse
[11:54] {+cc_9} yes, just now again, and bid dropping
[11:55] {+cc_9} "Chaim, you need to get out right here 1 = 10k / 7 = 70k"
[11:55] {Les} cc look at NBIX
[11:55] {Les} someone got stung at 1.30 above the bid
[11:55] {Les} what is that?
[11:55] {+cc_9} "Ezra, 1, quick before goyim finds out"
[11:55] {+cc_9} Les, nah
[11:55] {+cc_9} wick disappeared, look again
[11:55] {Les} its on T and S
[11:55] {+cc_9} settlement trade or fat finger adjusted
[11:55] {+cc_9} yes, but what route ?
[11:56] {Les} 18.51 for 32
01[11:56] {&Threei}  oh well
[11:56] {+cc_9} settlement
01[11:56] {&Threei}  easy money was made in the morning
[11:56] {+cc_9} nemo, look TXTR now when those 1 1 4 1 7 went through
[11:56] {+cc_9} bid crashing hard now
[11:56] {Les} ok
[11:56] {+cc_9} and back to session lows
[11:56] {nemo} yeah
[11:56] {+cc_9} that fake bounce in the 40s was to dump on
[11:56] {nemo} everything thinning though look offers at .30
[11:58] {+cc_9} nope, they are lining up the sells at 27
[11:58] {+cc_9} while yanking the bids
[11:58] {+cc_9} 1 guy sitting at .25 = it goes below if LOd tests with no bid to support it
[11:59] {nemo} can't remember the last time I saw share transactions like that this regularly
[11:59] {+cc_9} this is what leads me to believe those prints actually have a meaning, i swear im not tinfoiling...
[12:00] {+cc_9} when i see odd lots, usually they are broken up from another order block
[12:00] {+cc_9} so if you see 30 print
[12:00] {+cc_9} then u will see a 70 to match it for round 100
[12:00] {+cc_9} but 1 1 4 1 7
[12:00] {+cc_9} that shit dont make any sense
[12:00] {nemo} you're not...buddy of mine used to tell me how desks would signal each other using share size on sequential transaction
[12:00] {+cc_9} that's correct
[12:01] {Les} GT testing yesterdays high and failure to break out
[12:02] {RonS} vjet rocketing
[12:02] {+cc_9} if TXTR does not bounce to the .40s/.50s here, its about to totally crash under 27
[12:03] {nemo} were you in advertising Ron?
[12:03] {Les} thinking English teacher
[12:03] {RonS} Playgirl centerfold only...
[12:03] {nemo} braille version
[12:03] {RonS} lol
[12:04] {Les} lol
[12:04] {Les} where does he come up with those rejoinders..
[12:04] {+cc_9} nemo, here is where you watch TXTR L2 and T&S again
[12:04] {+cc_9} see if the sellers show up on this offer push
[12:04] {+cc_9} you see him at 27.40 on EDGX ?
[12:05] {nemo} just dropped
[12:05] {nemo} unless hidden orders
[12:05] {nemo} back
[12:05] {+cc_9} not he is still there
[12:05] {+cc_9} 11
[12:05] {nemo} yeah, he dropped for a second
[12:05] {+cc_9} you see how the bid side for 27.40 does not match
[12:05] {+cc_9} with only 1 guy at 33
[12:05] {nemo} yes
[12:06] {+cc_9} fishiest L2/T&S in a while...
[12:06] {+cc_9} lets see what he does at 27.40
[12:06] {nemo} vjet apogee
[12:08] {RonS} too esoteric...
[12:08] {nemo} true
[12:08] {RonS} headline writer = 5th grade level...
[12:08] {nemo} of course, I write in philosophy so my vocabulary tends that way
[12:09] {nemo} Qcor looks weak, but did it make it on the uptick rule?
[12:10] {Les} apogwhat?
[12:10] {nemo} fishy orders again txtr
[12:10] {+cc_9} nemo, look now
[12:10] {+cc_9} order for 2
[12:10] {+cc_9} went through
[12:11] {+cc_9} and bid dropped
[12:11] {nemo} and 5 below that
[12:11] {+cc_9} yes
[12:11] {Les} so can't buy 5 shares?
[12:11] {nemo} wtf
[12:11] {+cc_9} that basically means there is a lot of orders that need to get sold
[12:11] {+cc_9} but there is not enough offers to sustain
[12:11] {+cc_9} if you see on the chart today
[12:12] {+cc_9} each time it tried to bounce, the sellers stepped in full force
[12:12] {Les} so they're taking anything they can find u mean?
[12:12] {+cc_9} not allowing it to even get a tiny bounce = they want out ASAP
[12:12] {+cc_9} Les yes
[12:12] {+cc_9} any $0.10 or $0.20 move up on the offer gets sold on
[12:12] {+cc_9} u can tell because soon as offers come in, the spread tightens, then small bounce and bid goes down big
[12:12] {+cc_9} right now .28/.29
[12:12] {nemo} and spread spreads
[12:12] {+cc_9} if offers get taken and new sellers show up, they will drop the bid lower
[12:13] {+cc_9} correct nemo
[12:13] {+cc_9} let me try something
[12:13] {+cc_9} watch the T&S
[12:13] {Les} Nemo what do you think GT .50 recross short?
[12:13] {Les} holding .55
[12:13] {nemo} not this time of day
[12:13] {+cc_9} actually, lets see if gets .30s again, im gona try something to see if it works
[12:14] {+cc_9} look now 1x4, even if all taken @ offer
[12:14] {+cc_9} keep an eye on the T&S on TXTR
[12:14] {+cc_9} im gona seee if they take funny orders, or lump them up
[12:15] {nemo} Inet has supply at .29 here
[12:16] {nemo} oh yeah, they changed the rules a couple of weeks ago on combining orders
01[12:17] {&Threei}  in what way?
[12:17] {nemo} I forgot actually the specifics, but combining and executing odd share size orders was changed
[12:17] {ese} outta here cya tomorrow....good job today cc......your always on fire buddy
[12:17] {+cc_9} nemo, watch TXTR here again
[12:17] {nemo} yep
[12:17] {+cc_9} look @ the side of the seller at .30
[12:17] {+cc_9} large 4k on NASD/Q
[12:17] {+cc_9} take care ese!
[12:18] {+cc_9} and then look @ the bid against it
[12:18] {+cc_9} moved it from NASD to ARCA
[12:18] {nemo} yep
[12:18] {+cc_9} you see some prints below for 2 shares ?
[12:18] {+cc_9} a couple of them actually
[12:19] {nemo} yeah
[12:19] {nemo} this is not the stock to be playing with right now
[12:19] {nemo} somebody is gaming it
[12:19] {nemo} and they have friends
[12:19] {+cc_9} im telling you, after watching the action on the L2 yesterday very closely, i can tell you this one is being manipulated between a bunch of desks selling to each other to get out
[12:20] {+cc_9} i have no doubt the bid is gona crash under .20 any moment now
[12:20] {+cc_9} just not enough orders to sustain this price
[12:20] {nemo} and if they let it lose .20 it goes to 27, so they're trying to get out before that happens
01[12:20] {&Threei}  selling to each other to get out?
01[12:20] {&Threei}  how's that work?
[12:21] {+cc_9} some desks have much better liquidity than others
[12:21] {+cc_9} some can use their own routes
01[12:21] {&Threei}  yes but if one bought from another, it's long
[12:21] {nemo} 4 share transaction
01[12:21] {&Threei}  it has to sell to someone else than the other desk
[12:21] {nemo} one desk could buy and sell to it's own traders to maintain bid levels and try to get transactios inside the range that gradually reduce or increase their positions
01[12:22] {&Threei}  or you mean one uses another with higher liquidity as a conduit?
[12:22] {+cc_9} what nemo just said
[12:22] {nemo} bingo
[12:22] {nemo} FADF
[12:22] {+cc_9} 12:21 cc_9 i have no doubt the bid is gona crash under .20 any moment now
[12:22] {nemo} dark pool volume
[12:22] {+cc_9} told you
[12:22] {+cc_9} yup
[12:22] {nemo} Yeah, buddy of mine was talking about that technique yesterday
01[12:23] {&Threei}  that is poassible only if desk acts as principal
01[12:23] {&Threei}  not all of them are allowed to do that
01[12:24] {&Threei}  so if one that can function as agency only sells per agreement to the one that can be a principal, I can see this working
[12:24] {+cc_9} if loses 27, they are just gona go all out gangster and pile up on the sell side with no mercy
[12:24] {Les} define those terms Vad
[12:24] {Les} agency and principal
01[12:25] {&Threei}  agency provides you with link to the market place
01[12:25] {&Threei}  think direct access,
[12:25] {nemo} Vad, I think as long as there's short shares available and you have long inventory, and a way to signal between desks, you can do it
[12:25] {dino} i think they do whatever they want and deal w/it later
[12:25] {nemo} and this isn't huge volume
01[12:25] {&Threei}  and any broker that simply sends your order to the market.
[12:25] {+cc_9} the 27 bids were like 40
01[12:25] {&Threei}  Principal can fill your order from their own inventory
01[12:26] {&Threei}  which on surface seems beneficial
01[12:26] {&Threei}  but in reality works against you in the long run
[12:26] {Les} but if they're trying to dump on you...
[12:26] {Les} yeh
[12:26] {nemo} Yes, you game a range where you want to buy or sell, somebody can show up and screw up your game
01[12:26] {&Threei}  as your broker essdentially trades against you
[12:26] {nemo} but, that's part of the risk
[12:26] {Les} you are the mark, as in a game of poker
01[12:26] {&Threei}  yup
[12:27] {nemo} hehehehe , wonder if that bid is real at .00
[12:28] {Les} DJIA the weaker dog again
[12:29] {nemo} gnite Irene
[12:30] {Les} thank u for the lesson fellas
[12:30] {nemo} wow
[12:30] {nemo} bottom falling out
[12:31] {nemo} this important level
[12:31] {+cc_9} they are taking any bids they can
[12:31] {nemo} next is 24.50 level
[12:32] {Les} GT is working stop to .50
[12:33] {+cc_9} im gona buy TXTR here now
[12:34] {Les} lol f&%รง u GT
[12:35] {Les} cheeky prick
[12:35] {nemo} nah, hou had to leave your stop above the high, look at time of day, takes nothing to move it comparatively
[12:36] {nemo} Got a question:  How do you short a stock that has broken the highs on the daily recently?
[12:37] {Les} aggressive short DT and definitely keep it light
01[12:37] {&Threei}  answer: you don't
[12:37] {Les} oh frig off Vad
[12:38] {nemo} privyet
01[12:38] {&Threei}  you short a stock that forms short setup
[12:38] {nemo} yep
[12:38] {nemo} you shorted a new high
[12:38] {nemo} whoa
[12:38] {nemo}  no weakness
[12:38] {Les} yeh right who was talking easy money all gone for the morning
[12:38] {nemo} indexes flat,
[12:38] {nemo} and this was showing relative strength
[12:38] {nemo} and, though you were right in the very short term, it bounced right at support
[12:39] {Les} nice game turning .01 from 1:1 and that's it. stopped out above trigger. can'^t play it any tighter
[12:39] {nemo} oh jeez CC SFSG
01[12:41] {&Threei}  ok, i read it three times and still don't see the connection
01[12:41] {&Threei}  12:38] {Les} yeh right who was talking easy money all gone for the morning
01[12:41] {&Threei}  what does it have to do with shorting GT?
[12:42] {+cc_9} nemo, SFSG ?
[12:42] {nemo} So Far So Good
[12:42] {nemo} sorry
[12:42] {+cc_9} yes
[12:42] {+cc_9} not holding my breath, but i think big dumpers are out
[12:48] {nemo} a drop below .50 is a setup in GT, but that stock has been so ring, I wouldn't
[12:48] {nemo} ring=strong
[12:50] {nemo} Hey CC:
[12:52] {+cc_9} i see the skid marks by the rock
[13:15] {nemo} sheesh index bid pulls
[13:18] {+cc_9} TXTR there she goes
[13:24] {+cc_9} TXTR flying
[13:27] {nemo} GDX popping up again like yesteday
[13:33] {dino} stop tur -.22
[13:33] {dino} stop jcp -.13
[13:33] {dino} '14 has been tough on me. calling it a day. need to figure out some things
01[13:34] {&Threei}  take care dino
[13:34] {RonS} take care will come back...
[13:35] {dino} thx, appreciate it. back at it tomorrow. ironically the few swings i had on in stsmart pro covered my daytrading losses, so, net/net even. but have to figure out my day trade issues
[13:35] {nemo} dcc dino
[13:53] {dino} guys, goes w/o saying, do not blindly trade off of me tomorrow, or for the next several days
01[13:54] {&Threei}  dino... my bet is, will take you till next week max
01[13:54] {&Threei}  not a first time
01[13:55] {&Threei}  poor white house mouthpiece defends against Gates accusations
01[13:55] {&Threei}  guy has the worst job in the world
[13:56] {nemo} yeah, and Gates is known universally as an honorable guy
01[13:56] {&Threei}  very much so
01[13:56] {&Threei}  politically agnostic, highly professional
[13:58] {+cc_9} VXX trade, get ready for it
[14:00] {Les} ty Nemo
01[14:02] {&Threei}  US) MINUTES OF THE DEC 17-18 FOMC MEETING: JOB MARKET EXPECTED TO CONTINUE TO IMPROVE; PARTICIPANTS HAD CONCERN ABOUT LOW INFLATION- Some officials did discuss changing unemployment thresholds'
01[14:02] {&Threei}  some felt a larger reduction in bond buying in December and a faster end to the program was warranted
[14:02] {nemo} what I do now?
01[14:02] {&Threei}  lol, each next line sends market in opposite direction
[14:02] {nemo} was I drunk?
01[14:03] {&Threei}  were you ever not?
[14:03] {+cc_9} no direction in market yet
[14:03] {+cc_9} 183.85 we roof
[14:03] {+cc_9} 183.25 we dogtank
[14:04] {Les} shorted GLD initially at .25 and stopped flat.
[14:04] {Les} shorted GLD at .14 stop above .25 and watched it like a hawk
[14:05] {Les} same L2 shit as TXTR
[14:05] {Les} trying to drive it higher on 3, 15, 8 shares etc
[14:05] {Les} very interesting to watch this happen
[14:05] {Les} thought the bastards were gonna get me
[14:05] {Les} then the trapdoor opened
[14:06] {Les} cc and your conversation was very enlightening
[14:06] {Les} all out .85
[14:06] {+cc_9} right now les, too much order flow bc of Fed, you see SPY wick up/down , no direction yet
[14:06] {+cc_9} there is always one fake move before it reverses to the actual EOD direction
[14:06] {+cc_9} at this level, its 50/50 since no side has yet been taken
[14:06] {Les} that might have been my luck
[14:06] {+cc_9} VXX and SPY are literally at the same price they were before fed
[14:06] {+cc_9} no change
[14:07] {Les} shorted at 13:44
[14:07] {nemo} or as Cooper says the market does the "cha cha cha"  take the third "cha"
01[14:07] {&Threei}  lol
01[14:07] {&Threei}  Les, aside of being a bit too close to the minutes release time, that was valid setup
[14:07] {Les} but watching L2 closely for first time... telling its own story
[14:08] {nemo} spaghetti trade
01[14:08] {&Threei}  I wouldn't take it for that reason, minutes release could have sent it either w'ay screaming
[14:08] {+cc_9} there you go, SPY now giving in
[14:08] {Les} thought I'd fucked up again, but GDX refused to budge off of .70
01[14:08] {&Threei}  but pure chart wise, it was a good trade
[14:08] {+cc_9} 14:04 cc_9 183.25 we dogtank
[14:08] {+cc_9} look @ the bottom of the wick
[14:08] {+cc_9} .25 on the nose, hence anything below = dog move
01[14:09] {&Threei}  bottom line in minutes as far as I can tell is:
[14:09] {nemo} cha=down  cha cha=up  cha cha cha=down
01[14:09] {&Threei}  they rejected the idea of adjusting threshold for QE ending
[14:12] {thomcbell} lvs very very firm here
01[14:12] {&Threei}  with Fed comprised mostly of doves, the fact that most thought reduction in buying was necessary is very telling
01[14:13] {&Threei} Short Setup: GLD  .80 break hl
01[14:14] {&Threei}  If holds  .90
01[14:16] {&Threei}  stop to .86
01[14:19] {&Threei}  1:1
01[14:19] {&Threei}  before fish_49 is back let me say this:
[14:19] {thomcbell} talk tomorrow am guys
01[14:19] {&Threei}  like fish ina barrel
01[14:19] {&Threei}  take care tbell
[14:21] {+cc_9} have a good one guys
01[14:22] {&Threei}  1:2
01[14:25] {&Threei}  done with GLD on a trail
01[14:26] {&Threei}  didn't get taken out at 1:3
[14:26] {Les}
[14:39] {RonS} pm smoked
[14:40] {nemo} ebay
01[14:42] {&Threei} Short Setup: SLW  21 breeak
01[14:42] {&Threei}  If holds  .10
[14:43] {nemo} I knew it, I go pee, and ebay broke
[14:44] {Les} funny always figured you in an adult diaper
01[14:44] {&Threei}  he had to change that I guess
[14:44] {nemo} you see the shotgun too?
[14:45] {Les} riding shotgun with a male tatooed bikie while wearing a diaper?
[14:45] {Les} bit odd ain't it
[14:45] {nemo} pot calling kettle "black"
[14:45] {Les} blah blah blah
[14:45] {Les} :P
01[15:00] {&Threei}  oh god...
[15:01] {Les} how do you find these things
[15:03] {nemo} ahhh, he's from Russia?
[15:04] {Les} ok, let me rephrase
[15:04] {Les} why share this with us?
[15:04] {nemo} he uses you as the lowest common denominator
[15:05] {Les} unless it is a familymember you'd like to introduce...?
[15:05] {Les} ty Nemo
[15:05] {nemo} it's almost not sporting
[15:05] {Les} so did you test your rabbit in the snow these last few days?
[15:06] {nemo} she's a house rabbit
[15:06] {Les} helps when skinning them
[15:06] {Les} C finally giving some back
[15:07] {nemo} is that what u call it
[15:07] {Les} well... intraday
[15:08] {Les} actually think its ready to head back to daily pivot support
[15:09] {nemo} that lower double top at vwap
[15:09] {Les} yeh notice the 15 min bb channel. see if it consolidates above .60
01[15:13] {&Threei}  Invalidated
[15:19] {Les} there goes c along with indexes
01[15:20] {&Threei}  ugh... hesitated about CAT short at .10
[15:21] {Les} half cover c here
[15:31] {Les} who is dennis rodman and what is he doing singing to the fat korean kid
01[15:31] {&Threei}  imbecile
01[15:34] {&Threei} Short Setup: GLD  .35 break
01[15:35] {&Threei}  If holds  .42
[15:37] {Les} C 2nd half stop
01[15:38] {&Threei}  1:1
[15:39] {Les} old boots
01[15:39] {&Threei}  fish
01[15:39] {&Threei}  in a barrel
01[15:40] {&Threei}  lol
01[15:40] {&Threei}  “A good friend will always stab you in the front.” - Oscar Wilde
[15:40] {Les} this coming from a gay fella. double entendre I think
01[15:40] {&Threei}  probably
[15:41] {Les} or an inside joke
01[15:45] {&Threei}  1:2
01[15:51] {&Threei}  stop to .21
01[15:51] {&Threei}  time's pressing
01[15:54] {&Threei}  to .16 now
01[15:56] {&Threei}  Ok, done
01[15:56] {&Threei}  thank you all, have a great evening
01[15:56] {&Threei}  see youi tomorrow
[15:56] {Les} a+