Thursday, January 16, 2014

Jan 16 2014

Boring and slow day, ending slightly negative. Breather after a few very strong sessions.

Session Time: Thu Jan 16 00:00:00 2014
[09:09] {Les} you there bunny boy?
[09:09] {Les} gm
01[09:09] {&Threei}  les :)
[09:10] {RonS} g'day mates
01[09:10] {&Threei}  ron :)
[09:13] {RonS} srpt gaps into gap but all over the place...
[09:15] {RonS} blk good day at black rock
[09:16] {RonS} wish cc was back to old tricks to see the nus plays...
[09:21] {fish_49} we had a CC8  get kicked this am
01[09:22] {&Threei}  expired nick... ccs multiply
[09:24] {fish_49} like rabbits?
[09:26] {RonS} lol...let me check stocktwits to see if cc nailed the nus bottom...
[09:27] {RonS} ...yep...he got 88.60...says going to $100...
01[09:27] {&Threei}  what's his nick over there?
[09:28] {fish_49} CC's  not responding in Skype support
[09:28] {RonS} lol...just kidding...
01[09:28] {&Threei}  oh
01[09:28] {&Threei}  which one, fish?
[09:28] {fish_49} any of them
[09:28] {fish_49} I think CC7 is in Thailand?  or Vietnam?
[09:28] {RonS} lol..any of them...
[09:29] {nemo} I thought he was FSB
[09:29] {RonS} really...they are different people?
01[09:29] {&Threei}  no, that's cc8 fish
01[09:29] {&Threei}  yes ron
[09:29] {RonS} hmmm...never knew that
[09:29] {fish_49} well CC 7 told me  any questions should be taken care of by Skype chat at Nonko Support
01[09:30] {&Threei}  with cc9 though, not cc7
[09:30] {fish_49} k
[09:30] {thomcbell} mu 23.50 long break
[09:30] {fish_49} don't want to distract  I will take care of it
01[09:30] {&Threei}  just delete or block old one so you don't mix them
01[09:31] {&Threei} Long Setup:  FB  .10 break hl
01[09:31] {&Threei}  If holds  57
01[09:32] {&Threei}  1:1
01[09:33] {&Threei}  1:2
[09:33] {Les} nice start ty
01[09:33] {&Threei}  yw
[09:33] {robbers} Nice call..
[09:34] {thomcbell} mu nope
[09:34] {fish_49} out +8
01[09:34] {&Threei}  +8?
[09:35] {Les} yes please
[09:35] {fish_49} got in at .12
01[09:35] {&Threei}  what are trading, GOOG?
[09:35] {fish_49} lol
[09:35] {fish_49} ohh
[09:35] {fish_49} out .8
01[09:37] {&Threei} Long Setup:  C  .25 break
01[09:38] {&Threei}  If holds  .15
01[09:39] {&Threei}  stop to .19
01[09:40] {&Threei}  meh
01[09:40] {&Threei}  1 cent o 1:1
[09:40] {Les} CAT overhoot
[09:41] {Les} overshoot
01[09:44] {&Threei} Short Setup: FB  .20 break hl
01[09:44] {&Threei}  If holds  .30
01[09:46] {&Threei}  meh
[09:46] {munky} twtr dive, low
01[09:46] {&Threei}  that's what was supposed to drag FB down, but they seem to disconnect
[09:47] {thomcbell} i feel like both are longs
[09:47] {munky} ah
[09:47] {munky} maybe fb drag twtr up
01[09:59] {&Threei} Long Setup:  CAT  .80 break
01[09:59] {&Threei}  If holds  .70
01[09:59] {&Threei}  *(US) JAN NAHB HOUSING MARKET INDEX: 56 V 58E
01[10:00] {&Threei}  Invalidated
[10:03] {Les} sm c long  53
[10:03] {Les} holding .95
01[10:04] {&Threei} Long Setup:  FB  .45 break
01[10:04] {&Threei}  If holds  .35
[10:05] {Les} no go C
[10:05] {+cc_7} A monthly sentiment index from the National Association of Home Builders fell one point to 56. A reading above 50 indicates positive sentiment.
[10:08] {Les} C u SoMG that hurts that does
[10:11] {nemo} jeez has bby traded cleanly this morning even in pre-market
01[10:11] {&Threei}  come on already FB
[10:12] {dino} vsm vwide nus l .00
[10:14] {Les} C sux ass
01[10:16] {&Threei}  sheesh
[10:18] {fish_49} out fb -0.05
[10:18] {fish_49} lol
[10:19] {nemo} bby 28.50ish inflection level
01[10:20] {&Threei}  btw fish, cc answered your q yesterday... stops are held on server
[10:21] {fish_49} thanks
[10:21] {fish_49} I am trying a different method right now
[10:22] {fish_49} I rode the FB trade down to around -.20 before figuring a way out with a hot key
[10:22] {fish_49} I had two profit orders placed and kept getting the message no buying power
[10:22] {RonS} deck dump
[10:23] {fish_49} the DAS trader support told me I should watch the videos  I already watched and told me I should try OCO order  lol
[10:23] {fish_49} I don't think they understood my question
[10:23] {fish_49} Can you teach me how to place an OCO order
[10:23] {fish_49} lol
[10:23] {fish_49} on my platform I teach students how to use OCO and OSO  it's not like Im a dummy
[10:24] {nemo} wow
06[10:24] * nemo don't do it nemo
[10:24] {fish_49} do it nemo
06[10:24] * nemo refrain!
[10:24] {fish_49} Im having one of those days
[10:24] {fish_49} Gun in hand  sighted in on Bunny  Make My Day Nemo
[10:24] {fish_49} lol
01[10:24] {&Threei} Long Setup:  BBY  .60 break hl
01[10:24] {&Threei}  If holds  .50
[10:25] {nemo} crosshairs on fish_49 .300 win mag
[10:25] {nemo} wind quartering NW at half
[10:25] {nemo} no mirage
[10:25] {nemo} ccb conditions
[10:25] {fish_49} Mass to Maryland  u better aimhigh
01[10:26] {&Threei}  valid still
[10:26] {nemo} gotta' account for earth's rotation at that distance
[10:26] {nemo} I'll aim for Pennsylvania
[10:26] {fish_49} lol
[10:26] {nemo} you should rotate under
01[10:27] {&Threei}  Invalidated
[10:29] {dino} pennsylvania, i'd better duck
[10:30] {fish_49} lol Dino
[10:33] {Les} nother c long .01
[10:33] {Les} holding .90
[10:34] {Les} JPM backl to yesterdays highs
[10:37] {Les} half off .09
[10:38] {Les} JPM potential dt following yestereday
01[10:39] {&Threei} Long Setup:  BBY  .50 break hl
01[10:39] {&Threei}  If holds  .40
[10:40] {Les} JPM is running
01[10:41] {&Threei}  needless to say, invalidated
[10:41] {fish_49} lol
[10:41] {nemo} it's testing the 27 level, couldn't hold 28
[10:42] {nemo} 26.70ish next test if it drops 27
[10:43] {Les} JPM breaks pervious high and then reverses. looking for DT play
[10:43] {dino} kmx sm l .20
[10:43] {Les} around .75
[10:44] {munky} FB may set up short
[10:44] {munky} ah late
[10:44] {Les} C not confirming JPM strength
[10:44] {Les} 2nd half C stop
[10:46] {fish_49} good trade Les
[10:47] {Les} not in JPM and didn't DT. waiting for .50 bounce and drop
[10:50] {Les} nice bluff from JPM no setup
01[10:53] {&Threei} Long Setup:  FB  .55 break
01[10:53] {&Threei}  If holds  .45
[10:57] {dino} hlf vsm wide l .00
[11:01] {Les} sm JPM short .24 holding .35
01[11:04] {&Threei} Long Setup:  CAT  .90 break
01[11:04] {&Threei}  If holds  .80
[11:06] {Les} taking a break
01[11:06] {&Threei}  SPY seems to have bottomed out... come on CAT
01[11:12] {&Threei}  is it one of those days when I better stay in bed?
[11:12] {nemo} bed of nails
[11:13] {dino} out half nus 94.30, +3.40
01[11:13] {&Threei}  wtg
[11:14] {dino} ty
[11:14] {dino} out remainder 95, +4
01[11:16] {&Threei}  now you are showing off
[11:16] {dino} only 200 shares total
01[11:20] {&Threei}  maybe not time for bed yet
01[11:20] {&Threei}  CAT gives hope
[11:20] {goinshort} how about CAT long now?
01[11:20] {&Threei}  now?
01[11:20] {&Threei}  we are long from .90
01[11:20] {&Threei}  1:1 already
01[11:20] {&Threei}  [11:04] {&Threei} Long Setup: CAT .90 break
01[11:20] {&Threei}  [11:04] {&Threei} If holds .80
[11:23] {goinshort} ok - nice call
01[11:26] {&Threei}  just want it to turn into more than scalp...
[11:28] {goinshort} I still like the setup
01[11:31] {&Threei}  so do I
06[11:31] * &Threei kicks CAT in the rear
01[11:37] {&Threei}  sigh
[11:37] {fish_49} Meow
01[11:40] {&Threei} Long Setup:  YHOO  .40 break
01[11:40] {&Threei}  If holds  .30
01[11:44] {&Threei}  - Investors are not feeling very confident this morning in the wake of compromised reports out of Goldman Sachs, Citigroup and Best Buy, with big declines in these and other major names weighing on broader markets.
01[11:44] {&Threei}  - Contrasting December inflation reports in the US and the Eurozone are front-and-center this morning. The Eurozone report showed CPI up 0.3% m/m and the annualized rate dropped to 0.8% from 0.9% in November.
01[11:45] {&Threei}  Meanwhile in the US the m/m figure was also 0.3%, while the annualized CPI rate rose to 1.5% from 1.2% in November, while core CPI was unchanged at 1.7%.
[11:45] {nemo} Bernanke speaking, market rallying
[11:47] {fish_49} I thought he was finished speaking last Monday?
01[11:47] {&Threei}  - Dovish Fed governor Williams discussed some of his doubts about QE in a paper out today. Williams said that while asset purchases by the Fed have been a potent tool, the impact is blunt and carries risks that are not well understood
01[11:47] {&Threei}  even doves question QE
[11:48] {nemo} yeah, but Bernanke says the Fed has everything under control...God speaks
01[11:48] {&Threei}  fish, they are never done speaking. Look at Greenspan who still can't shut up, many years after retirement
[11:48] {fish_49} did his Brother Yellen  agree?
[11:48] {nemo} you question the bearded one?
01[11:48] {&Threei}  - Shares of Goldman Sachs are down 2.2% this morning despite beating consensus expectations for earnings and revenue
01[11:49] {&Threei}  see, and if GS wass up, they would simply replace "despite" with "thanks to"
01[11:49] {&Threei}  value added left and right
[11:50] {fish_49} your right
[11:50] {fish_49} nothing changed since yesterday
[11:50] {RonS} speaking of which...ese moping?
01[11:50] {&Threei}  - Nu Skin is down another 20% after China's Ministry of Commerce said it is currently verifying whether or not Nu Skin is engaged in a pyramid scheme and the China State Administration for Industry & Commerce (SAIC) said it would open its own investigation
[11:50] {fish_49} so they are saying  the markets are down and we don't know why
01[11:51] {&Threei}  they'd never dmit that
[11:51] {fish_49} but we have to make something up or we wouldn't have a show
01[11:51] {&Threei}  there you go
[11:56] {dino} deck smr l ave .94
[12:05] {dino} how about this? markets are down because they are not up
[12:06] {nemo} hah! I'm looking at qcor and I have at 56 13/16 on the T&S!
[12:07] {dino} i see them once in a while too
[12:07] {nemo} yeah well dino, you see dead people too
[12:09] {dino} but of course
01[12:16] {&Threei}  QCOR gets ahead of itself
01[12:18] {&Threei}  dino
01[12:18] {&Threei}  must be ready to reverse very soon
[12:19] {dino} news on it?
[12:21] {dino} gap way above
01[12:21] {&Threei}  Questcor Pharma Discloses board-level science and strategic advisory committees have been formed to assist in examining ongoing factors contributing to the persistent discount in the company's valuation relative to peers, will also assess potential strategic - JP Morgan conf slides
[12:22] {RonS} rumors qcor may go private...
[12:22] {dino} ahh, maybe sell itself
[12:24] {dino} deck stop -.38
[12:29] {dino} qcor gap around 67 fwiw
01[12:31] {&Threei}  TransCanada Corp Canada Foreign Min Baird: Now is the time for a decision on Keystone XL pipeline, a decision needs to be made even if the decision isnt right
01[12:31] {&Threei}  anyone knows Canadian? I need translation to English
[12:32] {dino} aol
01[12:32] {&Threei}  2 dollars drop QCOR
[12:34] {dino} but its too wicked on the moves
[12:34] {fish_49} he says Put up or shut up and don't complain later about ur decision
[12:35] {dino} lol
[12:39] {dino} deck rinse
[12:42] {munky} .
[12:46] {nemo} poignant
[12:49] {fish_49}  a decision needs to be made even if the decision isnt right
[12:50] {fish_49} he is related to Nancy Pelosi and her comment  "We have to pass the Bill to know what's in the Bill"
01[12:50] {&Threei}  well, I think he is one step ahead of her
01[12:50] {&Threei}  he already knows it's not right but he want to make it now
[12:50] {fish_49} guys usually are 1 step ahead of girls
01[12:51] {&Threei}  really? I prefer to walk behind
01[12:51] {&Threei}  better view
[12:51] {fish_49} Munky not a girl I hope
[12:52] {RonS} w/ name like Spankin D.?...
[12:52] {dino} deck wall .00, trigger area
[12:52] {thomcbell} short setup SWK 82.50 break
[12:58] {nemo} aem
[12:59] {thomcbell} mu getting back to that level from 2 days ago
[13:15] {dino} qcor smr s .99
[13:18] {thomcbell} no go swk
[13:18] {thomcbell} mu trying here
[13:19] {dino} qcor stop -.38, spike
[13:22] {fish_49} fb
[13:22] {fish_49} ooops wrong window
01[13:31] {&Threei} Long Setup:  CAT  .05 break
01[13:31] {&Threei}  If holds  92
[13:31] {thomcbell} mu 23.04 long break if holding 22.99
01[13:34] {&Threei}  NUS halt
01[13:35] {&Threei}  TIBX Ticking higher on circulation of web report that Loeb (Third Point) continues to build stake in the company (Note Loeb disclosed a 2.7% share owernship on 11/13/13)
01[13:36] {&Threei}  HLF Citron Research: Not all MLM companies are alike, we have no evidence that Herbalife is operating a pyramid scheme in China - Twitter
01[13:37] {&Threei}  ackman: what???
01[13:41] {&Threei}  here kitty kitty
[13:45] {nemo} Op Ex Thursday
[13:47] {nemo} bby
[13:47] {nemo} upgrade
[13:47] {nemo} hehehehe
01[13:47] {&Threei}  US Secretary of State John Kerry to make a statement on Syria
01[13:48] {&Threei}  {Syria} huh? ohh... yawn
[14:05] {thomcbell} jks 35.60 long break if holding 35.50
[14:06] {thomcbell} nope on jks
01[14:07] {&Threei} Long Setup:  MU  .05 break
01[14:07] {&Threei}  If holds  .95
[14:15] {thomcbell} i thought 0.04 break on mu Vad
01[14:18] {&Threei}  well... you have 2 cents advantage :)
[14:19] {fish_49} I filled 2000 shares even though I ordered 1000
[14:20] {fish_49} filled @ .05  even though stop limit was .06
01[14:23] {&Threei}  if there was a hidden order at .05, you may have hit it not seeing it
[14:25] {fish_49} I see why it happened  the trigger (Stop) was .05 and the limit was .06  it hit the stop and filled at a better price
01[14:25] {&Threei}  yup
01[14:34] {&Threei}  WMP Woodside Petroleum Ltd Awarded exclusive rights to proceed with proposed LNG terminal at the undeveloped site on the west coast of Canada - US financial press- British Columbia Premier Christy Clark: "Every step forward brings us closer to realizing the opportunity presented by LNG, bringing billions in investment and 100,000 new jobs throughout the province."
01[14:34] {&Threei}  cue ese... "they are all nutcases"
[14:37] {fish_49} is that the pipeline issue?
[14:37] {thomcbell} spwr
[14:37] {thomcbell} very big cup being formed on 10 min
01[14:37] {&Threei}  no, this is provincial level, exploring natiral gas
01[14:37] {&Threei}  has been a big issue in the last election
01[14:38] {&Threei}  along with pipeline permit to go via BC
[14:40] {fish_49} so as long as Obama is in office it will skip the USA lol  straight to Russia  maybe
[14:40] {fish_49} lol
01[14:40] {&Threei}  this pipeline is actually for China'
[14:41] {fish_49} oh then Im against it  they will use plastic pipe and toy screws to hold pipe together
01[14:41] {&Threei}  Keystone delay made Canada look that way, and build pipeline to the west coast and tanket terminals
01[14:41] {&Threei}  left and enviromentalists are livid
[14:41] {fish_49} was Keystone  for China also?  I was thinking that was Russia
01[14:42] {&Threei}  keystone was for you, yanks!
[14:42] {fish_49} If I lived in that area  I might be concerned  its a beautiful area
[14:42] {fish_49} the area that was being selected for the Keystone in the US  was Midwest  nothing  all that great as far as property
01[14:42] {&Threei}  no one lives where pipeline will go
[14:43] {fish_49} yes  I know  keystone  was for the yanks  but  oil coming from where?
01[14:43] {&Threei}  oil sands
01[14:43] {&Threei}  alberta and saskatchewan
[14:43] {fish_49} ahhhhh
[14:44] {fish_49} that's why ese didn't come to the trading room today  he is out with a protest sign
01[14:44] {&Threei}  must be
[14:44] {RonS} ...easier access for export will have to go through all those mountains...
[14:45] {fish_49} on Das  chart  I see candles Red Green and Blue  whats the blue represent  I see it on volume also
[14:45] {fish_49} anyone know?
[14:45] {fish_49} yes Ron  and not to mention the jobs it will create  to build  and jobs  to maintain
01[14:47] {&Threei}  blue candle in volume corresponds with price candle that is not greed or red,
01[14:47] {&Threei}  i.e, one where last print is the same as first
[14:47] {fish_49} Vad your a genius
01[14:47] {&Threei}  so no price change, despite tails
01[14:47] {&Threei}  greed = green
01[14:48] {&Threei}  I can also explain what green candle means and red one - that how genius I am
[14:49] {fish_49} lol
[14:50] {fish_49} MU has price/volume divergence  yea?
[14:50] {thomcbell} duh jks
[14:50] {thomcbell} there is my 1:4
01[14:51] {&Threei}  my brain has trade/profit divergence today, fish
[14:51] {RonS} hey thom, look spwr...wants to go like scty imo...
[14:52] {thomcbell} yes - very powerful chart pattern inn process
[14:53] {thomcbell} multi-year breakout level 35.35
[14:53] {thomcbell} well that was nasty hehe
[14:54] {fish_49} am I the only one seeing the long nasty flash on MU?
[14:54] {fish_49} what was that?
01[14:55] {&Threei}  out of bounds print
[14:57] {nemo} dcc fish
[14:57] {nemo} hold on, nevermind
[15:14] {fish_49} Half out MU here
[15:15] {thomcbell} mu stinks\
01[15:15] {&Threei}  I can't believe it's the same MU that used to move 20-30 cents in a matter of 5-10 min for us
[15:15] {thomcbell} but stinks and made money
[15:15] {fish_49} the son of a horse for sure
01[15:20] {&Threei}  1:1
01[15:20] {&Threei}  woohooo
06[15:20] * &Threei is doing rain dance mentally
01[15:21] {&Threei}  or, mental rain dance?
[15:25] {fish_49} either way is correct
[15:25] {fish_49} I think
[15:25] {fish_49} but my English sucks  so I should not comment
[15:25] {fish_49} lol
[15:26] {dino} out kmx .72, +.72
[15:26] {fish_49} wow
[15:26] {fish_49} gj  Dino
01[15:26] {&Threei}  wtg
01[15:27] {&Threei}  well, latter version is open to interpretation that rain dane is somewhat impaired mentally
[15:27] {dino} ty
01[15:27] {&Threei}  Nu Skin Enterprises, Inc CEO: Company is "absolutely not a pyramid scheme"; Does not believe the Chinese press view reflects that of the govt - financial press- Yet to meet with China govt; Company's China team has been handling all govt inquiries.
01[15:40] {&Threei}  (US) Fed's Kocherlakota (dovish, FOMC voter in 2014): Reiterates Fed needs to do more to stimulate the economy, was being complacent by planning for years of below-target inflation - FT interview- Reiterates Fed needs to improve communications about what it will do once unemployment rate falls below 6.5% threshold. - Rather than lower the 6.5% threshold, Fed could bring in new guidance about how it will behave until unemployment hits 5.5%. - Cutting interest on excess reserves (IOER) below zero would be a very powerful signal.
[15:43] {dino} "if" it ever gets to 5.5% without fudging the numbers
01[15:44] {&Threei}  lol
[15:45] {fish_49} if Im fed  I stop taper even more and faster  and watch the economy   if and when the economy grows too fast then we consider rates
[15:45] {fish_49} and your right Dino
[15:45] {fish_49} But I don't think Mr Yellen will fudge the numbers  in his first 3 months
[15:46] {dino} participation in work force at lowest levels since 1978 (carter years) at 63% working
01[15:46] {&Threei}  his?
01[15:46] {&Threei}  you are aware he is actually a she, aren';t you :)
[15:47] {fish_49} oh really  I couldn't tell by the fuzz on the lip
[15:47] {fish_49} yes Vad  I know
[15:47] {fish_49} but I refuse to call her a her
01[15:47] {&Threei}  ok :)
[15:48] {thomcbell} spwr very firm thru this softness
[15:48] {fish_49} I think she is 2nd cousin to Janet Reno
[15:50] {thomcbell} spwr 35.17 brak if holding 35.11
01[15:53] {&Threei}  OK guys... miserable day, boring and debilitatingly slow
[15:53] {thomcbell} flatten spwr
[15:53] {thomcbell} out of time
01[15:53] {&Threei}  happy to end it with profitable trade, no matter how small
01[15:53] {&Threei}  have a good evening, see you tomorrow
[15:53] {fish_49} lost tract of time  I am waiting  for MU to stop me out  to test the OCO thing  lol
01[15:54] {&Threei}  move stop up :)