Friday, February 21, 2014

Feb 21 2014

Relatively quiet but fairly decent day, with enough winners to make it worth our while.

Session Time: Fri Feb 21 00:00:00 2014
[08:49] {nemo} smells in here again
[08:50] {fish_49} used tampons?    did you shower?
[08:50] {nemo} mmmh fish and feminine products, similar olfactory characteristics
01[08:52] {@Threei}  I see morning warm-up in progress
[08:52] {fish_49} lol
[08:54] {nemo} you call that a warmup, I haven't had to get out of bed yet
01[08:54] {@Threei}  best kind
[09:02] {nemo} mmmhhh...that was a jump in usd/jpy
[09:02] {nemo} breakout
[09:03] {fish_49} gonna be jerky with the G20 going on
01[09:03] {@Threei}  think they matter?
[09:03] {nemo} wow usd really ripping
01[09:04] {@Threei}  what it is they can say that would influence market
[09:04] {fish_49} they could say Booo
[09:06] {fish_49} huh dollar ripping?
[09:06] {fish_49} DX  not much of a move
[09:06] {fish_49} what symbol are you looking at?
[09:09] {fish_49} Vad  exchange rates wont have effect on USD  ?  if countries decide to mess with their rates wont that have affect on USD?
[09:09] {dino} gm
01[09:09] {@Threei}  dino :)
[09:09] {nemo} look at real-time usd/jpy on freestockcharts.com
01[09:09] {@Threei}  I don't think G20 meeting announce this kind of details
[09:11] {fish_49} yea JY  fell but the Dollar futues has not moved significantly yet
[09:12] {fish_49} JY has been in long tern down trend  and just recently bounced on an impulse move up  and is now trying to continue its trend down
[09:13] {darekj} gm all
[09:14] {RonS} hello everyone
01[09:15] {@Threei}  darek, ron :)
[09:18] {fish_49} options expiration day?
[09:19] {dino} y
[09:23] {nemo} spy volume relatively low, spy and IWM setup for up moves, finnies not so much, vix for down move
01[09:30] {@Threei} Short Setup: GM  .60 break hl
01[09:30] {@Threei}  If holds  .70
01[09:31] {@Threei}  1:1
[09:35] {nemo} watching conn, but jerky stock
[09:37] {dino} esrx sm l .28
01[09:39] {@Threei} Short Setup: GLD  .50 break
01[09:39] {@Threei}  If holds  .60
01[09:39] {@Threei}  Fed to Publish Transcripts of 2008 Meetings
01[09:40] {@Threei}  finally
01[09:40] {@Threei}  can't wait
01[09:40] {@Threei}  must be real page turner
[09:40] {RonS} took esrx .10 out .95 +.85 thanks dino
[09:41] {RonS} oof
01[09:41] {@Threei}  nice
[09:43] {dino} gj ron
[09:43] {dino} stop to .39 esrx
01[09:44] {@Threei}  1:2  GM
[09:44] {dino} to 75.28
[09:44] {dino} out esrx 75.28, +2.00
01[09:45] {@Threei}  wtg
[09:45] {RonS} wtg
[09:45] {fish_49} nice
[09:45] {dino} ty
01[09:45] {@Threei}  GM trades the same way as it makes cars... unhurriedly and steady downward
[09:46] {dino} can i go home now? (oh wait, i am home)
01[09:46] {@Threei}  hehe
[09:46] {nemo} those 2008 meetings into 2009 are probably pretty intense
[09:47] {fish_49} market movers for sure
[09:47] {dino} ois drops again
01[09:47] {@Threei}  all I want to know is whether there was any fistfight
[09:48] {fish_49} or shoes thrown
01[09:48] {@Threei}  better yet, yes
[09:49] {dino} shoes thrown, thats funny. i used to do that
01[09:50] {@Threei}  GLD is two-sided
[09:50] {dino} esrx drops again
[09:51] {thomcbell} nemo what do u have for fb pivot
[09:51] {nemo} 68.49
[09:52] {thomcbell} tu
[09:54] {dino} damn missed esrx pullback, wanted 73.50s
[09:56] {dino} lojn spike
[09:59] {dino} mrc hmmm
01[09:59] {@Threei}  *(US) JAN EXISTING HOME SALES: 4.62M V 4.67ME
01[10:01] {@Threei}  let's trail GLD to .54
[10:01] {RonS} ois sm l 93.10
01[10:01] {@Threei}  don't remember it this slow
[10:02] {thomcbell} hpq went red on earning s looking for a short entry
[10:02] {fish_49} you filled on GLD?
[10:02] {RonS} bcor sm l .53
01[10:03] {@Threei}  yes, out
[10:03] {fish_49} you filled on the long side?
01[10:03] {@Threei}  ?
01[10:03] {@Threei}  lost me
01[10:03] {@Threei}  was long on .60 break
01[10:03] {@Threei}  giot out at .54
[10:04] {fish_49} ok
[10:04] {thomcbell} hpq 29.74 break if holding 29.90
[10:04] {thomcbell} only half lot for me
01[10:05] {@Threei} Short Setup: FCX  .75 break
01[10:05] {@Threei}  If holds  .81
[10:06] {thomcbell} hpq 1:1
[10:06] {dino} bcor sm l .50
01[10:10] {@Threei} Short Setup: MCD  .88 break
[10:10] {thomcbell} fb lots of eyes on that pivot
01[10:11] {@Threei}  If holds  .98
[10:12] {RonS} ksu spike
[10:13] {thomcbell} hpq 1:2
[10:13] {dino} bcor wall .85
[10:14] {dino} esrx 75 wall
[10:14] {dino} break might be good entry, should spike
[10:14] {dino} bcor to .85
[10:15] {dino} to .89 stall
[10:16] {dino} ty ron, out bcor .86, +.36
[10:16] {RonS} idiot here...went for a year thinking those price posts were quotes...not realizing it was your stop...
[10:17] {dino} lol, sorry buddy
[10:17] {thomcbell} fb thats a start vad
01[10:17] {@Threei}  think it's ready?
[10:18] {thomcbell} not our settup
[10:18] {nemo} wanted .54 on fb only got to .56
[10:19] {thomcbell} upl 24.42 short break here if holding 24.52
01[10:20] {@Threei}  (US) The Federal Reserve has released transcripts of its 2008 minutes- January meeting PDF: http://www.federalreserve.gov/monetarypolicy/files/FOMC20080130meeting.pdf - September meeting PDF: http://www.federalreserve.gov/monetarypolicy/files/FOMC20080916meeting.pdf
01[10:20] {@Threei}  see you in two weeks
[10:20] {RonS} lol
[10:20] {dino} why 2008 minutes? long gone
01[10:21] {@Threei}  they release them in 5 years traditionally
[10:21] {nemo} history, never before released
01[10:21] {@Threei}  full transcripts of the discussion
[10:21] {dino} and that news? all hail the fed i guess
01[10:22] {@Threei}  well, if we have such new profession as Fed watcher
01[10:22] {@Threei}  there has to be what to watch :)
01[10:22] {@Threei}  flashbacks... trips down memory lane... memoirs...
01[10:23] {@Threei}  Ben making long romantic walk on the beach, hand in hand with Janet...
[10:23] {dino} yellen at her
01[10:24] {@Threei}  Kocherlakota counting stars at midnight...
01[10:24] {@Threei}  Plosser making home brew...
[10:26] {dino} and greenie on the sidelines rolling a fatty
[10:26] {nemo} wow
[10:26] {dino} flashbacks, lol
01[10:27] {@Threei}  lol
[10:27] {thomcbell} phm 20.32 long break if holding 20.22
[10:31] {thomcbell} phm 1:1
01[10:31] {@Threei}  1:1  MCD
[10:32] {fish_49} out FCX
01[10:33] {@Threei}  yep
01[10:35] {@Threei} Short Setup: WMT  73 break
01[10:35] {@Threei}  If holds  .06
01[10:38] {@Threei}  Invalidated
[10:40] {dino} cog gap fill dec
[10:43] {RonS} out bcor 20.15 +.52
[10:44] {RonS} oops .62
[10:44] {dino} gj
[10:46] {thomcbell} fb 69.20 long break vad if holding 69.10?
[10:47] {RonS} out ois 94.15 +1.05
[10:48] {RonS} wow pcyc
01[10:48] {@Threei}  I think so thom
[10:48] {nemo} gdx
[10:49] {thomcbell} out
[10:49] {thomcbell} nemo sold me his stock he bought at pivot
[10:51] {dino} alny spike
[10:53] {thomcbell} fb still looks ok nice little shakeout
[10:53] {dino} gj ron ois
[10:54] {thomcbell} swks nearing pivot
[10:54] {dino} z spike
[10:54] {thomcbell} this one im waitiing for the pattern - dont think you'll get a v bounce like FB
[10:57] {RonS} linta breakout on volume
01[10:57] {@Threei} Short Setup: MCD  .80 break
01[10:57] {@Threei}  If holds  .85
01[10:59] {@Threei}  Invalidated
[11:01] {thomcbell} FB rats vad
01[11:01] {@Threei}  yeah
[11:01] {fish_49} you took it long  right Thom?
[11:02] {thomcbell} i used a 69.09 stop
[11:13] {RonS} dino, watching rgr here...
01[11:13] {@Threei} Long Setup:  GM  .25 break
01[11:13] {@Threei}  If holds  .15
01[11:16] {@Threei}  1:1
[11:17] {fish_49} got .36
01[11:17] {@Threei}  love it when they behave like this
[11:18] {RonS} took +.12 gm thanks 3i
01[11:18] {@Threei}  :)
01[11:18] {@Threei}  ese size?
[11:19] {RonS} mini-me ese...  :)
01[11:19] {@Threei}  hehe
[11:20] {RonS} nutz wanted rgr 68.20...
01[11:24] {@Threei}  The Ukraine situation seems to have been resolved for now
01[11:24] {@Threei}  good luck with that
[11:25] {fish_49} whatch CNN tonight and follow the praise for Obama
01[11:26] {@Threei}  I can't believe how far from reality he coverage is
01[11:26] {@Threei}  Armstrong seems to be the only one who got it right
01[11:27] {@Threei}  he = the
[11:29] {RonS} wtw losing weight...
01[11:30] {@Threei}  whew... all is good in the world
01[11:30] {@Threei}  Ron is back
[11:35] {RonS} esrx acting like it wants to run the $73 stops...
[11:42] {dino} esrx smr l .70
01[11:42] {@Threei}  stop .29
01[11:46] {@Threei}  The implicit tax rate associated with Obamacare will reduce employment by an equivalent of 2.5 million jobs
01[11:47] {@Threei}  Ukrainian parliament votes to allow release of jailed opposition figure Yulia Tymoshenko
01[11:48] {@Threei}  wow... just 3 years in jail... she is no Mandela
01[11:51] {@Threei}  1/4 more out GM
01[11:51] {@Threei}  stop to.34
[11:51] {dino} back in 30
01[12:11] {@Threei}  stop to .39
[12:21] {fish_49} Obama won't Cut Social Security.  
[12:21] {fish_49} that was a no brainer.  Social Security pays for itself  if the Greedy Politicians would leave their hands off of it.
[12:22] {fish_49} Why is there always money for welfare but never money for social security
01[12:22] {@Threei}  may I as a Canadian have my share
[12:22] {fish_49} Dino you around?
01[12:23] {@Threei}  31 min since he left
01[12:23] {@Threei}  32
[12:23] {fish_49} oh  I thought he was getting back in GM at .30
[12:23] {fish_49} lol
01[12:23] {@Threei}  rofl
01[12:24] {@Threei}  that reminds me an exchange I once saw in some forum
01[12:25] {@Threei}  someone asked what BRB meant
[12:25] {fish_49} One thing I am glad about  with Obama..  He snubbed nose at china and met with Dalai Lama
01[12:25] {@Threei}  answer was: That's what vampires write on their tombstones
[12:26] {fish_49} Bring your own blood?
[12:27] {dino} y
[12:27] {dino} had to show a house. back now
[12:27] {fish_49} bad weather up there?
[12:27] {dino} rain
[12:27] {fish_49} Tornado Watch here  in February
[12:28] {dino} don't think we have to worry about that
01[12:34] {@Threei}  if nemo were a pirate: https://www.facebook.com/georgehtakei/photos/a.737221629640626.1073741825.205344452828349/880001605362627/?type=1&theater
[12:35] {fish_49} look below that  Vad
[12:35] {fish_49} More in line with Nemo
[12:35] {fish_49} Gammer Police
01[12:35] {@Threei}  lol
[12:36] {dino} nrp drop
[12:42] {fish_49} hmmmm who's turn was it to watch FB
[12:42] {fish_49} .35 break with a .46 stop
[12:44] {fish_49} out
01[12:45] {@Threei}  wtg
[12:47] {thomcbell} good one fish
01[13:00] {@Threei} Short Setup: FB  .20 break hl
01[13:00] {@Threei}  If holds  .30
01[13:06] {@Threei}  meh
[13:08] {dino} axll sm l .40
[13:19] {dino} bks spike
[13:20] {dino} halt
01[13:20] {@Threei}  BKS G Asset Management Announces Proposal to Acquire a Controlling Interest in Barnes & Noble that Values the Company at $22 per Share
[13:20] {dino} wow 22
[13:25] {RonS} Fidelity headline saying $20...
01[13:32] {@Threei}  (UR) Reportedly officials in Ukraine region of Crimea to discuss possibly declaring independence from Ukraine - Russian press
[13:34] {fish_49} is that a good thing or bad thing if they become their own nation?
01[13:35] {@Threei}  whole ukraine might be on the verge of breaking up
01[13:36] {@Threei}  Crimea is Russian-majority region
[13:39] {fish_49} is it bad or good?
[13:39] {fish_49} California wants to break up into 6 seperate states but it's not a bad thing
01[13:39] {@Threei}  this is not in good or bad categories
01[13:40] {@Threei}  this is division of the country that was a whole for about 100 years
[13:40] {fish_49} Civil War
01[13:40] {@Threei}  but there are deep cultural divisions
[13:41] {dino} bks open
[13:41] {fish_49} yea I was watching Dino
[13:41] {RonS} start reading then?
[13:41] {fish_49} it didn't behave as I would have expected
[13:42] {dino} seems they don'r belive bid coming
[13:42] {dino} r=t
[13:42] {fish_49} don't*
[13:43] {fish_49} don't worry the Grammer Police  (Nemo Toad)  is sleeping
[13:43] {RonS} know what Texans would say?...
[13:43] {fish_49} ?
[13:43] {fish_49} tell us Ron
[13:43] {nemo} watching the hockey finals
[13:43] {RonS} guess no bidness then...
[13:44] {fish_49} lol
[13:44] {fish_49} Your Texan?
[13:44] {nemo} "you're"
[13:44] {RonS} nah, spent way too much time there...
[13:44] {fish_49} God I hated West Texas
[13:44] {fish_49} spent a year there on week
[13:44] {RonS} moonscape...
[13:45] {fish_49} good point  Nemo
[13:45] {RonS} eastern new mexico even worse...
[13:45] {nemo} DC is the worst
[13:45] {fish_49} You are or You're  much different than Your
[13:45] {nemo} followed by Cambridge
[13:45] {RonS} then there is yore...
[13:46] {fish_49} what about You ins
[13:46] {fish_49} U ins
[13:47] {dino} yutes
[13:48] {RonS} during monicagate heard clinton didn't have sexual relations since in arkansas it means "sex with your relations"...
[13:48] {fish_49} she wasn't related?
[13:48] {dino} lol
[13:49] {RonS} little rock is a gawdawful place...
[13:50] {fish_49} Forrest City bad also
[13:50] {RonS} not one single major hotel there...
[13:50] {fish_49} Markets slowly deteriated
[13:50] {RonS} which one...must be 20 int te US...
[13:50] {RonS} in the
[13:50] {RonS} G Asset offers to buy 51 percent stake in Barnes & Noble or Nook
[13:51] {RonS} G Asset's offer values book retailer at $22/share
[13:52] {dino} axll stop -.25
01[13:56] {@Threei}  hmmm... that's an interesting Freudian slip:
01[13:56] {@Threei}  (US) Fed's Fisher (hawk, FOMC voter): remains a strong proponent of tapering- Furrently providing more than enough accommodation
[13:57] {RonS} hmmm...G Asset...is that a gay nympho?...
01[13:59] {@Threei}  can't get through to Canada by the phone? This is why:
01[13:59] {@Threei}  https://www.facebook.com/photo.php?fbid=611615692242668&set=a.133225540081688.24955.109133022490940&type=1&theater
01[14:08] {@Threei}  MU
01[14:08] {@Threei}  getting interesting
01[14:08] {@Threei}  why didn't I see it at .10 for short...
01[14:11] {@Threei} Long Setup:  MU  .75 break
01[14:11] {@Threei}  If holds  .65
[14:16] {thomcbell} any news on this move in mu?
[14:16] {nemo} look at the daily
01[14:17] {@Threei}  no news
[14:17] {RonS} ...summer is saved...
[14:23] {goinshort} out MU took it at .72  thanks!
01[14:23] {@Threei}  :)
[14:28] {dino} gotta hop for 45 or so
01[14:28] {@Threei}  stop to .69
[14:28] {RonS} aerobics workout?
01[14:28] {@Threei}  should have been at 1:2 by now
01[14:28] {@Threei}  lol ron
01[14:29] {@Threei}  dino doing jumping jacks
01[14:29] {@Threei}  someone put my eyes out
[14:29] {nemo} market dragging it along with the profit taking of last earnings announcement
[14:30] {thomcbell} ubnt vulnerable here
01[14:30] {@Threei}  yeah
[14:35] {thomcbell} vad us still there mu?
[14:36] {nemo} hasn't dropped .65
01[14:36] {@Threei}  I dumped it
01[14:36] {@Threei}  personal preference
01[14:36] {@Threei}  to my taste, it drags its feet too long
[14:38] {thomcbell} yes i trailed closely
[14:38] {thomcbell} once it went thru 0.80
[14:38] {thomcbell} felt there was potentially something larger going on
[14:38] {thomcbell} in market
01[14:40] {@Threei}  nemo
[14:40] {nemo} Vad
01[14:40] {@Threei}  please... shoot me
01[14:40] {@Threei}  Lawyers are arguing over whether videos of Justin Bieber urinating should be exempt from public viewing.
[14:41] {nemo} I think it's worth nuking Canada for
01[14:41] {@Threei}  either I relocate to different planet or shoot me here
01[14:42] {@Threei}  I don't even care about making it fast and painless... nothing can be more painful than this
[14:42] {fish_49} Not yet
01[14:42] {@Threei}  atrcile title is even better:
01[14:42] {@Threei}  Lawyers at odds over a view of Bieber's privates
[14:42] {nemo} I'll bring the 12 gauge
01[14:42] {@Threei}  {--- crying
[14:43] {fish_49} Beiber is a General?  How did he get Privates
[14:44] {fish_49} final notice options expire
[14:49] {thomcbell} SWKS looking to buy next pullback to 32.74ish
[14:55] {thomcbell} mu 24.65 long break vadym or is it refuse?
01[14:56] {@Threei}  chartsa is right... problem is, it's the same chart that failed last time around
01[14:56] {@Threei}  still, worth as try
01[14:56] {@Threei}  a
[15:02] {nemo} look for it to fail before .80
[15:03] {RonS} outta here...good weekend to all...congrats to the Canuckian hockey pucks...now go bottle up that freakin Artic...   ;)
[15:03] {nemo} didn't know they were Armenian
01[15:03] {@Threei}  yesss
01[15:03] {@Threei}  out
01[15:03] {@Threei}  .81
[15:03] {thomcbell} 1:2 vadym
01[15:03] {@Threei}  take care ron
01[15:03] {@Threei}  and hey
01[15:03] {@Threei}  you get to keep Bieber
[15:04] {RonS} sheesh...
01[15:04] {@Threei}  sorry... but that was the wager
[15:06] {goinshort} Sweet call on MU !!!
[15:06] {nemo} Farley took mu .65 long
01[15:06] {@Threei}  so did we
[15:07] {goinshort} took it at .69
[15:13] {nemo} his sarcasm makes me look sweet
[15:13] {fish_49} You mean Alan Farley?
[15:13] {nemo} yep
[15:14] {thomcbell} no longer interested in swks - it didnt happen as planned
[15:15] {fish_49} Ask him if he will autograph his book for me
[15:15] {fish_49} lol
[15:15] {nemo} look at the daily Thom, it's extended, and been weak all day unable to recover vwap, who in their right mind will bid it up today
[15:15] {nemo} especially given the markets
[15:15] {nemo} Les would
[15:16] {fish_49} man Les is not here  thats cold
[15:16] {fish_49} you really are a cold toad
[15:16] {thomcbell} mu 1:3
[15:16] {nemo} you have know eye deer
[15:17] {fish_49} cousin of John Dear?
[15:17] {fish_49} lol
[15:17] {nemo} vwap thom
[15:20] {nemo} mu looks like gonna' come in
[15:20] {dino} esrx to .12
[15:21] {thomcbell} tu
[15:21] {nemo} what's ur stop
[15:22] {fish_49} markets coming back
[15:22] {nemo} vwap run
[15:23] {goinshort} esxr
[15:23] {nemo} at price resistance though
[15:25] {thomcbell} nice to see mu has a pulse today
[15:25] {thomcbell} its been dead
[15:26] {nemo} look where it bottomed on the daily
[15:26] {thomcbell} 1:5
[15:26] {thomcbell} prior resistance
[15:27] {nemo} see that earnings announcement high?
[15:27] {thomcbell} yup
[15:27] {nemo} within the proverbial pube
01[15:35] {@Threei} Short Setup: GLD  .65 break
01[15:35] {@Threei}  If holds  .71
[15:36] {dino} esrx to .20
[15:38] {thomcbell} vad FB 68.74 short break if holding 68.84
[15:38] {thomcbell} have to think some are caught long
01[15:38] {@Threei}  me likey
[15:40] {nemo} long time
01[15:41] {@Threei}  1:1 FB
[15:41] {dino} uot esrx .20, +.50
[15:44] {dino} lol out
01[15:46] {@Threei}  I don't know dino... I like uot
[15:47] {dino} me too
[15:50] {fish_49} have a good weekend
[15:50] {dino} u2 fish
01[15:51] {@Threei}  thank you all
01[15:51] {@Threei}  have a great weekend, see you Monday
[15:51] {thomcbell} oh come on Fat Boy
[15:51] {thomcbell} FB
[15:51] {darekj} see you
[15:51] {thomcbell} thought it had more in it than 0.19 cents
[15:51] {thomcbell} good weekend all
[15:54] {dino} gn all
[15:55] {goinshort} cya monday