Friday, February 14, 2014

Feb 14 2014

Some trades work just right - not too fast (easy to enter) and not too slow (not make you wait too long). 40 cents in 20 minutes is nice too. Far from asking AIG to be our valentine, but it deserves some acknowledgement.

Between that and a few more 1:2ers on WTW, GLD, C etc, finished an uneven week on a very nice note. Always pleasant to go into the weekend, especially long one, with solidly profitable day.

Session Time: Fri Feb 14 00:00:00 2014
01[09:11] {@Threei}  2 separate crashes involving as many as 100 cars shut down eastbound lanes of Pennsylvania Turnpike
01[09:12] {@Threei}  good thing dino doesn't have to drive to work
[09:20] {_darekj} gm all
01[09:20] {@Threei}  darek :)
[09:22] {dino} gm, total snow from storm, 18"
[09:23] {RonS} howdy dudeys
01[09:23] {@Threei}  dino, ron :)
01[09:23] {@Threei}  18" is a lot
01[09:24] {@Threei}  but here is something worse:
01[09:24] {@Threei}  (Reuters) – The savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.
01[09:24] {@Threei}  The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.
01[09:24] {@Threei}  can you believe this crap?
[09:25] {RonS} cray...the nsa must be buying a lot of supercomputers...
01[09:25] {@Threei}  lol
[09:26] {RonS} Factory production in U.S. fell in January by most since 2009:
[09:26] {RonS} .8%
[09:27] {RonS} -
[09:27] {ese} morning ladies and gents
01[09:28] {@Threei}  ese :)
[09:29] {ese} just decided we won't be geting on a plane this weekend........
01[09:30] {@Threei} Long Setup:  GDX  .40 break
01[09:30] {@Threei}  If holds  .35
01[09:31] {@Threei}  tight stop for the opening trade
01[09:31] {@Threei}  better to have another shot
01[09:32] {@Threei}  especially considering that it's an aggressive entry for .45
[09:32] {ese} in .41
01[09:34] {@Threei}  1:1
[09:34] {ese} 1/2
[09:35] {ese} full balance .53
[09:35] {thomcbell} mu weak
[09:36] {ese} +.10 .+12 thnaks vad
01[09:36] {@Threei}  yw
01[09:36] {@Threei} Short Setup: C  .65 break
01[09:37] {@Threei}  If holds  .75
01[09:37] {@Threei}  nailed GDX top, ese
[09:37] {ese} that was bs luck
[09:38] {ese} saw the one min bar clip red for a second....then green....went hmmmmmm.out
[09:39] {ese} am surprised i was thinking that fast
01[09:39] {@Threei}  coffee... allows you do more stupid things faster
[09:40] {ese} indeed
01[09:40] {@Threei}  especially if taken IV
[09:41] {ese} lol
01[09:41] {@Threei}  let's trail C to .71
01[09:42] {@Threei}  shouldn't hold this well while SPY drops like this
[09:42] {ese} now that something that might sell..............have one of them stands for a coffee drip right beside your chair
[09:43] {thomcbell} mu 24.74 short break if holding 24.84
01[09:44] {@Threei} Short Setup: SLW  .70 break
01[09:45] {@Threei}  If holds  .75
01[09:45] {@Threei}  don't want to give them much room today
[09:46] {thomcbell} there is a wildly bullish article on fb on seeking alpha today
01[09:47] {@Threei}  that place became a square for anyone to speak
01[09:47] {@Threei}  walk to the podium, grab a mike
01[09:48] {@Threei}  that said, FB is interesting
01[09:48] {@Threei}  .40 is all out break
01[09:48] {@Threei}  meh SLW
01[09:50] {@Threei}  what the
[09:50] {RonS} chgg gone pulp
01[09:50] {@Threei}  look at SPY
01[09:52] {@Threei} Long Setup:  FB  .10 break hl
01[09:52] {@Threei}  If holds  67
01[09:54] {@Threei}  heavy...
01[09:54] {@Threei}  honestly trying but there is a lot of resistanve
01[09:55] {@Threei}  let's trail to .04
[09:55] {thomcbell} mu invalidated
01[09:55] {@Threei}  out
[09:56] {dino} z smr l .77 gapper
01[09:58] {@Threei} Long Setup:  WMT  .70 break
01[09:58] {@Threei}  If holds  .70
01[09:58] {@Threei}  If holds  .60
[09:59] {dino} z no go stop -.35
01[10:05] {@Threei}  1:1
01[10:08] {@Threei}  C rinsed
[10:09] {dino} sjm drop
[10:10] {RonS} smucks
[10:10] {dino} z rinsed
[10:13] {RonS} caught sjm 87.40 to 88.45 too fast to post...thanks dino
01[10:14] {@Threei}  1:2
[10:15] {RonS} sjm miss 1.2% and guide down only 3.5%...
[10:16] {dino} gj ron
01[10:18] {@Threei}  nice one ron
[10:18] {RonS} ty...feel better today...
01[10:19] {@Threei}  :)
[10:19] {RonS} jesse livermore said he traded the worst when i lay off when i am...
[10:20] {dino} z sm l .80
[10:22] {dino} lol ron, you remind me of jesse
[10:25] {thomcbell} urs not trading much but pattern starting to interest me
[10:32] {dino} disca sm l .26
01[10:41] {@Threei}  CI
01[10:41] {@Threei}  sharp spike
01[10:42] {@Threei} Short Setup: AIG  .45 break
01[10:43] {@Threei}  If holds  .55
01[10:44] {@Threei}  stop to .51
[10:45] {dino} wuba spike
[10:45] {thomcbell} that wuba is thin and it didnt participate yest
[10:45] {thomcbell} with other chinese names
01[10:47] {@Threei}  1:1
[10:49] {dino} wuba smr s .28
01[10:53] {@Threei}  1:2
[10:54] {RonS} disca thicker than kirstie alley...
01[10:55] {@Threei}  ouch
[10:59] {RonS} was gonna say rosie odonell but that made even me recoil...  :)
[10:59] {dino} lol
01[11:03] {@Threei}  will try for 1:4 on AIG
01[11:03] {@Threei}  1:3
[11:03] {RonS} dino gogo
01[11:03] {@Threei}  1:4 baby
01[11:04] {@Threei}  out
[11:04] {RonS} want gogo around 20 here...
[11:04] {dino} 20.00?
[11:05] {RonS} yes...chgg l .58
[11:05] {_darekj} out AIG ty Vad
[11:05] {dino} good name for a strip club
01[11:06] {@Threei}  don't tell me no one took AIG
01[11:06] {@Threei}  darek :)
[11:07] {thomcbell} nope
[11:07] {goinshort} got in late - but nice scalp
[11:07] {thomcbell} anyone grab some urs
[11:07] {thomcbell} it is drifting up nicely
[11:10] {dino} cov wuba .68, +.60
[11:11] {thomcbell} nice dino
[11:11] {ese} Smokey Robinson and the Miracles wrote a tune called Goin To A band and my High school band do the tune
[11:11] {dino} ty
[11:12] {dino} i remember a remake of that
[11:12] {ese} oh ya......and nice one wuba dino
[11:12] {ese} is that what we do on this stocks
[11:12] {ese} what was the remake?
[11:12] {nemo} I primarily harass and insult
[11:12] {ese} by who?
[11:12] {dino} out disca .36, +.10
[11:13] {dino} dk
[11:13] {ese} and!!!!!!! your en expert nemo
[11:14] {ese} a force to be reconed with
01[11:14] {@Threei}  look at that near perfect cover on AIG
01[11:14] {@Threei}  too bad we haven't reversed there, lol
[11:14] {goinshort} how about C for a short?
01[11:15] {@Threei}  .50 break...
01[11:15] {@Threei}  looks very tempting
[11:15] {goinshort} i agree
01[11:15] {@Threei}  with .58 stop, yes
[11:15] {goinshort} maybe .55
01[11:15] {@Threei} Short Setup: C  .50 break
01[11:15] {@Threei}  If holds  .57
[11:16] {thomcbell} vxx for afternoon long ?
[11:17] {nemo} probably, but I don't expect the vigor of the last few fridays
[11:18] {dino} damn, too tight disca
[11:19] {RonS} rtrx gone pulp
[11:20] {RonS} omg rtrx daily looks like nightmare...
[11:22] {dino} looks like a big island
[11:23] {RonS} vancouver? great britain? australia?
[11:23] {dino} lol
[11:35] {dino} cray
[11:38] {RonS} seymour's heirs must be smiling...
[11:40] {RonS} ...he died when his porshe hit some ice and he slammed into the underside of an overpass... CO Springs
[11:42] {RonS} true genius and American hero:
01[11:42] {@Threei} Long Setup:  GLD  .90 break
01[11:43] {@Threei}  If holds  .85
[11:43] {RonS} damn missed gog entry by .02
[11:43] {RonS} gogo
[11:44] {dino} wuba spike again
01[11:45] {@Threei}  1:1
01[11:49] {@Threei}  Ron...
01[11:49] {@Threei}  no single line about WTW losung weight today?
[11:49] {RonS} very interesting for later:
01[11:50] {@Threei}  you are slipping, man...
[11:50] {ese} am off...cya monday...tks for the trade today vad
01[11:50] {@Threei}  take care ese, have a good one
[11:50] {RonS} would be like hitting a parapalegic...
[11:50] {dino} cya
01[11:50] {@Threei}  which is wrong why? (channeling nemo)
[11:51] {dino} speaking of wtw, just weighed in. down 19 lbs since 1/6/14
01[11:51] {@Threei}  nice
01[11:51] {@Threei}  on what?
01[11:52] {@Threei}  low carb?
[11:52] {RonS} dino:  thanks snow...
[11:52] {dino} yes, atkins
[11:53] {thomcbell} wow that is a lot dino
[11:54] {thomcbell} congrats
01[11:54] {@Threei} Short Setup: WTW  .60 break hl
01[11:54] {@Threei}  If holds  .70
[11:54] {dino} goal is 30 by end of march. ymca sponsors a weight loss contest. weekly rankings by % in paper. i'm in 6th place on mens division -7.7%
01[11:55] {@Threei}  low carb is great, just gotta exit it right
[11:55] {dino} been cheating on weekends a little, pretty strict weekdays
[11:55] {RonS} lol dino...never heard of such a thing...nothing else to do around there?
01[11:55] {@Threei}  not adding all carbs on day one, with pasta, pizza and chocolate cake to celebrate :)
01[11:56] {@Threei}  but Ron... in his neck of the woods, they give you a winner of a swimsuit model contest as a prize
[11:56] {dino} ron, i'll tell ya, by publishing your name weekly, it really makes you try
[11:57] {dino} actually $300 prize to winner
[11:58] {thomcbell} the cheat day actually helps
[11:59] {dino} hasn't hurt
[12:01] {thomcbell} vad slw
[12:01] {thomcbell} did u make money on that short?
01[12:01] {@Threei}  nope, too tight stop
01[12:04] {@Threei}  1:1  WTW  close enough
01[12:04] {@Threei}  half out
01[12:17] {@Threei}  pit in full
01[12:17] {@Threei}  put
01[12:18] {@Threei}  out
01[12:18] {@Threei}  sheesh
01[12:18] {@Threei}  3 atempt to get the 3-letter word right
01[12:18] {@Threei}  attempts
01[12:18] {@Threei}  {-- crying
01[12:18] {@Threei}  {-- crying bitterly
01[12:19] {@Threei}  {-- pouring ashes on his head
[12:24] {RonS} tts gone pulp
01[12:42] {@Threei}  (EU) ECB's Weidmann: German Constitutional Court decision shows the court shares the Bundesbank's concerns about the OMT; expansionary monetary policy remains appropriate - comments in Bremen- Central banks may tighten policy whenever they want, markets should not be a guide for monetary policy. - Must make sovereign defaults in the eurozone possible in the future - Seeing the light at the end of the tunnel on economic reforms, but Germany cannot get complacent about reform. - Expansionary monetary policy is justified, but low rates can not become a permanent condition.
01[12:47] {@Threei} Long Setup:  WTW  .70 break hl
01[12:47] {@Threei}  If holds  .60
[12:49] {Routine071} hi anyone alive?
[12:49] {nemo} comatime
01[12:49] {@Threei}  everyone's alive. Now, who are you and what are you doing here?
06[12:50] * nemo racks the slide
[12:50] {goinshort} release the hounds
[13:15] {thomcbell} spwr 32.65 long break
[13:15] {thomcbell} for a chop
[13:17] {RonS} hey nemo...3i needs a vlentine's present:
[13:20] {nemo} hehehehe
01[13:21] {@Threei}  hmmm
01[13:21] {@Threei}  Show off your complete and utter apathy with this tee.
01[13:21] {@Threei}  lol
[13:23] {thomcbell} spwr no go
[13:54] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:55] {thomcbell} the worst
[13:55] {thomcbell} its like aug 10
01[14:03] {@Threei}  (US) White House and Govt agencies reportedly is providing guidance to financial institutions on how to do business with marijuana companies ***Reminder: Back in January, US AG Holder stated that the Obama administration would soon announce regulations to make it easier for banks to do business with legal marijuana sellers.
01[14:03] {@Threei}  I'd say, this is high priority matter
[14:08] {goinshort} how about a CAT bounce at .50?
01[14:09] {@Threei}  bounce?
01[14:09] {@Threei}  breakout you mean?
[14:10] {goinshort} ok long
01[14:10] {@Threei}  chart's right but considering time of the day, I'd eaither do a half lot, or wait for pullback
[14:11] {thomcbell} this ubnt is interesting to me - been strong but encountered some selling yesterday afternoon and into today but very well matched sides here in a tight range
[14:12] {thomcbell} below vwap and opening range which is a negative so i am small
[14:12] {dino} z getting pretty bloody on a huge beat
[14:12] {thomcbell} y the trla is killing it
[14:17] {RonS} ya, in z .10...
[14:17] {dino} z sm l .75
[14:17] {dino} nice entry ron
[14:18] {RonS} held my nose and jumped...s/l be
[14:20] {dino} most likey swinging this
[14:22] {RonS} damn disca, my comment got it moving...
01[14:30] {@Threei}  so, my rancher is where it was yesterday, but this is not over:
01[14:30] {@Threei}  HEAD'S UP! A series of Pacific storms will continue to pass through the BC coast during the weekend. Damaging winds are forecast to accompany these storms. The next storm will arrives Saturday morning.
01[14:30] {@Threei}  wicked witches beware
[14:44] {RonS}  Shares of real estate site Zillow (Z:$81.6409,$-8.3591,-9.29%) on Friday triggered a short-sale circuit breaker on the Nasdaq, and were recently off almost 10% at $81.22. The circuit breaker is designed to slow shorting -- or borrowing shares in a bet the stock will fall further --in an already falling
[14:44] {RonS} come on baby squeeze!!
01[14:45] {@Threei}  that's very valentiny
[14:45] {RonS} lol
01[14:45] {@Threei}  :)
[14:46] {RonS} get all mushy and nemo will have to puke...
01[14:46] {@Threei}  which is wrong why?
[14:47] {RonS} eqzacktly...just sayin...
[15:08] {RonS} freakin fidelity has the auto re-fill on the .06 offer
[15:10] {RonS} out z .85 +.75
01[15:10] {@Threei}  wtg
[15:10] {RonS} ...time to unleash it for dino...
[15:13] {dino} nice one ron
[15:17] {RonS} ...thinking ese shows up monday wondering wtf...
01[15:20] {@Threei}  hmm?
01[15:20] {@Threei}  what about Monday?
01[15:23] {@Threei} Short Setup: GLD  .20 break
01[15:23] {@Threei}  If holds  .30
01[15:24] {@Threei}  wait, is it long weekend?
[15:24] {RonS} president's day...
01[15:24] {@Threei}  sheesh...
01[15:24] {@Threei}  good thing you mentioned it, lol
01[15:24] {@Threei}  otherwise I would be ese
01[15:26] {@Threei} Short Setup: SLW  .45 break
01[15:26] {@Threei}  If holds  .55
01[15:26] {@Threei}  If holds  .52
01[15:42] {@Threei}  1:1  GLD
[15:50] {dino} banks not really participating last 2 days
01[15:51] {@Threei}  something to short when market pulls back
[15:52] {dino} calling it a week, gn all
01[15:52] {@Threei}  have a good one dino, see you tuesday
[15:52] {dino} u2 buddy
01[15:52] {@Threei}  want a few cents more form both shorts
[15:52] {thomcbell} take care all
01[15:52] {@Threei}  3 minutes
01[15:52] {@Threei}  take care thom
[15:53] {_darekj} see you next week
01[15:54] {@Threei}  darek :)
01[15:54] {@Threei}  see private please
01[15:55] {@Threei}  closing GLD +.14
01[15:56] {@Threei}  closing SLW +.06
01[15:56] {@Threei}  good day to finish the week
01[15:56] {@Threei}  thank you all, have a great long weekend
01[15:56] {@Threei}  see you tuesday
[15:57] {nemo} C U Next Tuesday