Tuesday, February 11, 2014

Feb 11 2014

Somewhat back and forth day; many wins, most of which were scalps with three 1:2ers on top; stops were for the most part 5-7 cents but there were a bit more of the rinses than we'd like.

Session Time: Tue Feb 11 00:00:00 2014
[08:39] {dino} gm vad
01[08:47] {@Threei}  morning dino
01[08:51] {@Threei}  I see Yellen masterfully said nothing
[08:59] {dino} it was expected
[09:05] {RonS} gm guys...big news here...son-in-law got the DVA job so all here sometime in March...the guy is good...they are paying for the move and getting more $$ than making now
[09:06] {nemo} most cool
01[09:06] {@Threei}  congratulations Ron :)
[09:06] {thomcbell} ditto
01[09:06] {@Threei}  I just wanted to ask whether there was any news on that
[09:07] {dino} congrats ron
01[09:09] {@Threei}  now, how can we drag Montreal to the west coast, bumping vancouver further inland and leaving french people where they are...
01[09:09] {@Threei}  that would accomplish the same goal for me :)
[09:09] {nemo} it's colder further inland
01[09:10] {@Threei}  what do I care
01[09:10] {@Threei}  I want montreal in place of vancouver, since my daighter is not likely to leave it for the next 3 years
[09:10] {nemo} oh, you want to stay on the Island
01[09:10] {@Threei}  of course
[09:10] {nemo} she in school?
01[09:11] {@Threei}  yes
01[09:11] {@Threei}  returned to it to change profession
[09:12] {RonS} dino, zts beat...
01[09:13] {@Threei}  and I have to say, lifestyle wise if you like Montreal it's difficult to accept any other city in Canada
[09:16] {dino} lowers guidance zts
[09:16] {dino} watching blox, rax, viab
[09:16] {dino} plus yesterdays
[09:17] {RonS} blox really bad guide...rax the ticket imo, ceo retiring...
[09:17] {dino} maybe some march calls on blox
[09:19] {dino} rax 35.40 area pm s
[09:21] {thomcbell} what does that mean pm s
[09:22] {RonS} premarket short maybe?
01[09:22] {@Threei}  whew... that's a relief, vs what I thought
[09:23] {RonS} lol
[09:24] {ese} morning.....man am i tired.....and crap was it cold in Red Deer yesterday
01[09:25] {@Threei}  hey ese
[09:25] {ese} morning vad
[09:25] {munky} morn
01[09:25] {@Threei}  munky :)
01[09:25] {@Threei}  too bad you had to leave early yesterday
01[09:26] {@Threei}  every trade since then was a winner
[09:26] {ese} minus 37 for a brief period of time yesterday in red deer.........then into a heat wave in Calgary of -19
[09:26] {munky} i know, i read the log
[09:26] {munky} and i had a down day 
01[09:27] {@Threei}  well, not that we had a stellar one
01[09:27] {@Threei}  just recovered
01[09:27] {@Threei}  C and FB look like short candidates to me
[09:28] {munky} u see rax down 4
[09:28] {dino} blox gap fill last june
[09:28] {dino} ron, no, premarket support i meant on rax
01[09:29] {@Threei}  earnings, guidance, downgrade
[09:29] {dino} -5 f here at 6 am, going to -10 f tonight
01[09:29] {@Threei} Short Setup: FB  .80 break hl
01[09:30] {@Threei}  If holds  .85 
01[09:30] {@Threei}  1/2 meh
01[09:31] {@Threei} Long Setup:  MU  .95 break
01[09:32] {@Threei}  If holds  .85 
01[09:33] {@Threei}  frikin FB
01[09:33] {@Threei}  1:1  
01[09:34] {@Threei}  oh come on FB
[09:34] {dino} dwre
[09:35] {thomcbell} x 
01[09:36] {@Threei}  yeah, watching for pullback
[09:37] {munky} big pop twtr
01[09:37] {@Threei}  around .40
[09:38] {munky} twtr pop then fb follow
01[09:38] {@Threei} Short Setup: C  .10 break
01[09:39] {@Threei}  If holds  .16 
[09:39] {thomcbell} CHEVRON....BREAKING: Explosion occurred just after 7 a.m. at Chevron drilling site in Dunkard Township. Blaze continues to rage, officials say
[09:39] {thomcbell} u see this guys 
01[09:40] {@Threei}  no
[09:40] {dino} rax pulp. smr l .49
01[09:40] {@Threei}  nothing on my wire
[09:40] {dino} no go stop .19 -.30
[09:41] {RonS} grpn
[09:43] {dino} rax smr l .83
01[09:43] {@Threei}  that's some bounce FB
[09:43] {munky} look at twtr too
[09:43] {thomcbell} bananas 
01[09:44] {@Threei}  cover half C
01[09:44] {@Threei}  stop .11
[09:45] {thomcbell} x 25.55 short break if holding 25.65
[09:46] {RonS} nihd l 3.19
[09:46] {thomcbell} invalid x
[09:48] {thomcbell} fxi up big but stocks not doing well
01[09:48] {@Threei} Long Setup:  X  .75 break
01[09:49] {@Threei}  If holds  .65 
01[09:49] {@Threei}  if it doesn't want to pull back...
01[09:50] {@Threei}  nah
01[09:53] {@Threei} Short Setup: FB  64 break hl
01[09:53] {@Threei}  If holds  .10 
01[09:56] {@Threei}  1:1  
01[09:58] {@Threei} Long Setup:  EBAY  .85 break
01[09:58] {@Threei}  If holds  .75 
01[09:59] {@Threei}  Invalidated  
01[10:00] {@Threei}  *(US) DEC WHOLESALE INVENTORIES M/M: 0.3% V 0.5%E; WHOLESALE TRADE SALES M/M: 0.5% V 0.7%E
[10:00] {RonS} wbmd needs doctor
01[10:01] {@Threei}  I wanted to laugh Ron, but then remembered how you ignored me calling P 3.14 yesterday...
01[10:02] {@Threei}  sheesh FB
01[10:03] {@Threei} Long Setup:  YHOO  .60 break
01[10:04] {@Threei}  If holds  .55 
[10:07] {dino} prlb smr l .70 gappy/hooker
01[10:09] {@Threei}  half out YHOO
01[10:10] {@Threei}  oh come on... something should be more than a scalp today
[10:12] {RonS} wbmd sm l 42.20
01[10:16] {@Threei} Short Setup: TWTR  .60 break hl
01[10:16] {@Threei}  If holds  .70 
[10:18] {thomcbell} vxx day low
[10:18] {nemo} into the gap
[10:18] {nemo} 50 day is 44.60ish
01[10:18] {@Threei}  Invalidated  
01[10:20] {@Threei} Long Setup:  QCOM  .15 break
01[10:20] {@Threei}  If holds  .05 
[10:20] {dino} wbmd sm l .56
01[10:21] {@Threei}  used to hate trading QCOM... let's see if it changed its wicked ways
01[10:23] {@Threei}  stop to .09
[10:23] {munky} looking for more  than scalp qcom?
01[10:23] {@Threei}  hopefully
01[10:23] {@Threei}  1:1  
01[10:24] {@Threei}  slow climb
01[10:24] {@Threei}  SPY is strong
01[10:24] {@Threei}  should be capable of more
[10:34] {thomcbell} len 40.61 long break if holding 40.50
[10:35] {thomcbell} and mu 24.75 long break
01[10:37] {@Threei} Long Setup:  BBY  .25 break
01[10:37] {@Threei}  If holds  .20 
[10:38] {dino} rax last try smr l .25
[10:41] {RonS} out wbmd 44.20 +2.00
01[10:41] {@Threei}  wtg
[10:41] {thomcbell} len invalid
01[10:41] {@Threei}  that's some healing power
01[10:42] {@Threei}  too bad, LEN setup looked promising
01[10:42] {@Threei}  ok QCOM, you had your rest.... time to move
[10:42] {thomcbell} i still like it 
[10:42] {thomcbell} if it can hold 40.50 
[10:42] {thomcbell} but i cancelled order for now
[10:43] {RonS} A+ for corneyness...
01[10:44] {@Threei}  ty
[10:44] {nemo} rax
[10:46] {munky} wheres fish been?
[10:47] {thomcbell} kog - 11.04 long break if holding 11
[10:47] {nemo} ice fishing
01[10:47] {@Threei}  her is back on Thursday
[10:47] {munky} hes pretty good w/computer tech
[10:47] {nemo} whatsa' matter munky?
01[10:48] {@Threei}  14:43] {fish_49} gota run See you guys late next week
[10:48] {munky} cant trade worth a sh@t is all
01[10:49] {@Threei}  QCOM is honestly trying
01[10:50] {@Threei}  bitcoin/us dollar New York-based hedge fund NYSO HEDGE will accept bitcoin for all transactions - tech blogs
[10:50] {munky} yeap good one, bby dog tho
01[10:50] {@Threei}  I don't get it... are they serious with this bitcoin crap?
[10:51] {dino} me neither
[10:51] {nemo} I think I'll go tulip shopping
01[10:53] {@Threei}  I can't see how it can end any different than in big grief
[10:54] {thomcbell} selling mu here 24.74
[10:54] {thomcbell} market too jumpy
01[10:55] {@Threei}  meh BBY
01[11:00] {@Threei}  stop to .19 QCOM
01[11:01] {@Threei}  1:2  
01[11:01] {@Threei}  wow... something is finally not a scalp
01[11:01] {@Threei}  frikin BBY... there is nothing beyond that bed and bath
01[11:04] {@Threei}  feeling better munky?
[11:05] {munky} well..... 
[11:05] {RonS} bbby is bed bath and beyond...bby best buy...
[11:06] {munky} tghey both suk banana 
01[11:06] {@Threei}  then there is BBRY
01[11:06] {@Threei}  which is a banana sucker in its own league
[11:10] {RonS} hilarious
01[11:11] {@Threei}  you are just saying that
[11:13] {munky} what the F was that 
[11:14] {nemo} ford
[11:14] {munky} takes freakin 2 hours to go up .then 2 seconds
01[11:14] {@Threei}  no news
01[11:15] {@Threei}  so, I'd say QCOM only partially vindicated itself
01[11:15] {@Threei}  1:2 is a decent performance for it, especially considering how quiet the day is, but this drop is one of the things I hated about it
[11:19] {thomcbell} here is the 50sma test on SPY
[11:19] {thomcbell} djia still far away
[11:19] {thomcbell} same with rut
01[11:22] {@Threei}  - Anybody expecting newly-installed Fed Chair Yellen to back off on tapering QE is disappointed this morning. Yellen's firm embrace of the Bernanke status-quo, plus the collapse of the House GOP's desperate attempt to extract concessions for a debt ceiling increase are encouraging risk appetite.
01[11:22] {@Threei}  - Yellen's prepared remarks before Congress this morning were unremarkable. Yellen pledged her support for current FOMC policy and emphasized that there would be a great deal of continuity in monetary policy - which the market understands to mean that the taper will continue unchanged.
[11:25] {thomcbell} kog 1:1
[11:25] {thomcbell} it took full firehose to get there 
01[11:28] {@Threei}  LEN... sheesh
[11:29] {thomcbell} i was watching i guess there was a pattern failure somewhere in there on bear side 
01[11:29] {@Threei} Long Setup:  CAT  .05 break
01[11:29] {@Threei}  If holds  .95 
[11:29] {thomcbell} but othere than that not eeasy 
01[11:33] {@Threei}  no go
01[11:33] {@Threei}  time to back off breakouts
[11:34] {RonS} wow lucky sell wbmd
01[11:35] {@Threei}  yeah
01[11:37] {@Threei} Short Setup: LEN  .80 break
01[11:37] {@Threei}  If holds  .90 
[11:39] {thomcbell} y just thought same thing 
01[11:39] {@Threei}  let's see if LEN thinks the same thing :)
[11:40] {thomcbell} it may think its two sided
01[11:40] {@Threei}  it needs some shrink sessions then
01[11:42] {@Threei}  ok LEN... know thyself
01[11:43] {@Threei}  and drop
01[11:43] {@Threei}  nice clean double top
01[11:43] {@Threei}  and don't even think of being a scalp
01[11:45] {@Threei}  1:1  
[11:46] {thomcbell} out balance on kog
01[11:46] {@Threei}  thom, LEN agreed with us
[11:49] {thomcbell} yes 
01[11:50] {@Threei}  come on LEN, you can do more
01[11:50] {@Threei}  be more
01[11:51] {@Threei}  it might need some kind of motivational speech
01[11:52] {@Threei}  spread your wings like a butterfly, LEN... and drop like a stone
01[11:58] {@Threei}  CAT... bastard
01[12:09] {@Threei}  1:2  LEN 
01[12:10] {@Threei}  told ya... motivational speeches work
[12:17] {munky} rax was short de jour
[12:22] {dino} rax strange, beats, ceo retires, drops 17%
[12:27] {RonS} ya but they announced direction towards new business model...
[12:27] {RonS} ceo is 47...lucky bastard...
[12:29] {RonS} nus
[12:29] {RonS} hlf
01[12:31] {@Threei}  Nu Skin Enterprises, Inc Strength attributed to Chinese press report suggesting probe by China authorities will not result in substantial repercussions; suggests officials will ask MLM firms to set up a fund to help victims of marketing schemes- The article seems to indicate that a senior official at the Chinese Fair Trade Commission said that his agency wants multi-level marketing firms (MLMs) to establish a foundation to help victims.
[12:32] {RonS} so...just a normal 3rd world shakedown...
[12:32] {dino} pretty much
[12:33] {RonS} victims = official's kids...
[12:34] {dino} took hours, but out prlb .70, +1.00
[12:35] {RonS} gj
[12:36] {dino} ty
[12:44] {dino} ehth blood today and yesterday
[12:44] {RonS} 160 p/e what could go wrong...
[12:46] {dino} ugh prlb
[12:46] {RonS} lol prlb
[12:48] {RonS} bid getting some
[13:00] {RonS} irbt news?
01[13:01] {@Threei}  nothing since Feb 7
[13:01] {dino} nope
[13:02] {dino} noise about patents thats all
[13:02] {RonS} monster volume...
01[13:08] {@Threei}  IRBT Moves to session highs on positive mention from CNBC contributor
01[13:08] {@Threei}  there
01[13:11] {@Threei}  crap... missed cover of the last part of LEN around .55
[13:24] {dino} irbt s .99
[13:25] {munky} fb trying for high
01[13:26] {@Threei}  feels to me like break and run
[13:26] {munky} yea, cept breakouts tough today
01[13:27] {@Threei}  right, so I want to wait for it to get stopped, and then buy
[13:27] {munky} ok
[13:33] {RonS} yod nutz
[13:33] {dino} out wbmd .90, +.34
01[13:34] {@Threei}  wtg
[13:34] {dino} ty
[13:40] {munky} rax  will lose 33 today, prob losev32
[13:41] {dino} mkto spike
[13:44] {munky} yod 
01[13:52] {@Threei} Short Setup: FB  .20 break
01[13:52] {@Threei}  If holds  .30 
01[13:55] {@Threei}  half out
01[13:55] {@Threei}  1:1  
[13:59] {dino} ocn drop
[14:03] {munky} u c a long fb here?
01[14:03] {@Threei}  can't tell
[14:04] {munky} rax
[14:04] {munky} there
[14:04] {dino} sounds like name of a strip club
01[14:04] {@Threei}  interstingly enough, majority of trades work today but we got what, just 2 1:2ers? the rest were scalps
[14:05] {munky} was thinkin same
01[14:05] {@Threei}  this is indicative of something
[14:05] {nemo} and that would be?
[14:06] {munky} just dont know what lol
01[14:06] {@Threei}  but with your permission I will think tomorrow of what exactly
[14:06] {thomcbell} market being very stingy
01[14:06] {@Threei}  see, I think once every two days
[14:06] {thomcbell} except in indexes
01[14:06] {@Threei}  and I already thought yesterday
[14:06] {nemo} not according to your wife
01[14:07] {@Threei}  well, according to her I thought once in my life
[14:07] {nemo} and she's regretted it ever since
01[14:07] {@Threei}  again, according to her
[14:07] {nemo} she's always right
01[14:07] {@Threei}  judging by actions, not so much
01[14:14] {@Threei} Long Setup:  FB  .20 breal
01[14:14] {@Threei}  If holds  .15 
01[14:15] {@Threei}  your idea, munky
[14:15] {munky} my idea rax, been sh all alonhg
[14:15] {dino} did you?
01[14:15] {@Threei}  from where?
[14:16] {munky} yes
[14:16] {dino} nice
[14:16] {munky} 33.60
01[14:16] {@Threei}  and never told us?
[14:16] {munky} called loss v33 and target 32
06[14:16] * @Threei weighs a trout in his right hand
[14:16] {munky} sure did
01[14:16] {@Threei}  really?
06[14:17] * @Threei slaps Threei around a bit with a large trout
01[14:18] {@Threei}  SPY is not helping
[14:20] {munky} fb just ronse
[14:20] {munky} me out too'.13
01[14:20] {@Threei}  yeah
01[14:20] {@Threei} Short Setup: CAT  .70 break
01[14:20] {@Threei}  If holds  .80 
01[14:21] {@Threei}  change to .80 break
01[14:21] {@Threei}  If holds  .85 
[14:24] {dino} bstop to .99 irbt
[14:24] {thomcbell} how is volume today guys
01[14:24] {@Threei}  low
01[14:25] {@Threei}  about yesterday's
01[14:25] {@Threei}  Invalidated  CAT 
01[14:25] {@Threei}  bitcoin/us dollar Several bitcoin exchanges are under attack by DDoS bots; Bitstamp has halted all withdrawals temporarily - CoinDesk
[14:28] {dino} ron, ty for idea. cov irbt .76, +1.24 fl
[14:28] {_black} P do you chance of euphoria?
01[14:29] {@Threei}  no clear signs of euphoria yet
01[14:29] {@Threei}  would take a parabolic spike with sharp volume increase
[14:29] {_black} yeah the volumen has dried
01[14:29] {@Threei}  yep
[14:29] {dino} -black, no euphoric spike
01[14:29] {@Threei}  and climb is still more or less temperate
[14:30] {_black} thanks guys
[14:30] {dino} need spikes/tails for euphoria and capitulation
[14:30] {dino} np, gl
[14:30] {munky} fb vad
06[14:30] * dino slaps RonS around a bit with a large trout
01[14:30] {@Threei}  it may however reverse without euphoric spike... just need to watch for the right reversal setup
01[14:31] {@Threei}  I don't see that line of yours, munky
01[14:32] {@Threei}  maybe double top on P
01[14:32] {@Threei}  kind of the one we got earlier on LEN
01[14:32] {@Threei} Short Setup: P  .35 break
01[14:32] {@Threei}  If holds  .41 
[14:32] {munky} was popsted , lose 33 and target 32 , not my entry
01[14:33] {@Threei}  no.... I mean your line on FB
[14:33] {_black} that's what i was looking/waiting for
01[14:33] {@Threei}  [14:30] {munky} fb vad
01[14:33] {@Threei}  this one
[14:33] {munky} im confused, again lol
01[14:33] {@Threei}  I don't see it, and intend not to see it
01[14:33] {@Threei}  that's deliberate choice
01[14:34] {@Threei}  this is how I express my deep resentment about FB rinse
01[14:34] {@Threei}  die P
[14:34] {munky} out rax 33
01[14:35] {@Threei}  wtg
01[14:35] {@Threei}  60 cents is nothing to sneeze at
[14:35] {dino} gj
[14:35] {dino} irbt s .54
01[14:38] {@Threei}  decisive moment for P
[14:38] {dino} stop .76 -.22
01[14:38] {@Threei}  double top or breakout
01[14:38] {@Threei}  FB new high
01[14:41] {@Threei}  hmmm... if P can't make new high while SPY and FB do, may drop hard when they pull back
01[14:41] {@Threei}  just need oit to hold here for now
[14:42] {thomcbell} same with lnkd 
[14:42] {nemo} yeah, but no spelling in SPY, they may try to fill the gap at 182.80 today
01[14:42] {@Threei}  grrr
01[14:42] {@Threei}  blew up the lid
01[14:42] {@Threei}  too bad
[14:44] {_black} LVS make new high with desc vol
01[14:48] {@Threei} Short Setup: EBAY  .20 break
01[14:48] {@Threei}  If holds  .25 
01[14:48] {@Threei}  taking only setups with very tight stops at this point
[14:49] {dino} strange two days
01[14:49] {@Threei}  this kind of top hunting can be very fruitful but can really hurt if risk control is lax
01[14:49] {@Threei}  Invalidated  
[14:50] {dino} bid moves going into record date on dividend ($4.37)
[14:56] {dino} prlb back down
01[14:57] {@Threei} Long Setup:  GLD  .55 break
01[14:57] {@Threei}  If holds  .50 
[15:05] {_black} Thanks for sharing. c u tomorrow.
01[15:06] {@Threei}  morning was way better black
[15:06] {dino} shake it off black
[15:06] {dino} tomorrow is a new start
[15:06] {_black} yep
[15:07] {dino} happens to the best of us
[15:07] {dino} cwh spike
[15:07] {dino} theres a euphoriic one black
[15:10] {dino} cwh sm s .89
[15:17] {dino} i froze it
01[15:19] {@Threei}  lol
01[15:24] {@Threei}  meh
01[15:26] {@Threei} Long Setup:  FB  .75 break
[15:27] {dino} cov cwh .68, +.21
01[15:27] {@Threei}  nice
[15:27] {dino} ty
01[15:27] {@Threei}  If holds  .70 
[15:27] {dino} back in 15 or so, bus stop
[15:29] {munky} vad, read on rax please, thinking sh
01[15:29] {@Threei}  it was at .40...
01[15:29] {@Threei}  after such sharo dive, I'd need a bounce to short again
[15:30] {munky} ty
01[15:30] {@Threei}  half out FB
01[15:30] {@Threei}  stop .74
01[15:31] {@Threei}  1:1  
[15:39] {munky} mnan, yod pushed dowm
01[15:40] {@Threei}  yodeling always puts my mood down
01[15:41] {@Threei}  come on FB, push to 1:2
01[15:43] {@Threei}  good girl
01[15:44] {@Threei}  1/4 more out
01[15:44] {@Threei}  stop .79
01[15:47] {@Threei}  out last piece on a trail
01[15:47] {@Threei}  decent one to finish the day
[15:48] {dino} prlb lod
01[15:55] {@Threei}  thank you all, have a good evening
01[15:55] {@Threei}  see you tomorrow
[15:56] {_darekj} cy tomorrow