Monday, June 9, 2014

June 09 2014

Not really our day with a few early stops. Several nice plays later including 1:3 on CAT and nice IWM trades haven't taken us into black. Oh well.


Session Time: Mon Jun 09 00:00:01 2014
[08:34] {nathan} gm gents
01[08:37] {@Threei}  morning nathan
[08:38] {nathan} how are you? bank holidays here today :-)
01[08:41] {@Threei}  why, they don't want to work?
[08:41] {nathan} :-) lazy slackers
[08:41] {nathan} we always invent a religious day off to not to work
01[08:43] {@Threei}  cool
[09:05] {RonS} gm...7 tornados in CO yesterday...one at 10,000 ft...minor damage from all...need to shut down human activity to appease the gods...calling O now
01[09:05] {@Threei}  morning ron
01[09:06] {@Threei}  don't give him ideas... he has plenty on his own
[09:09] {dino} lol ron, just give him another reason to f' things up
01[09:10] {@Threei}  dino :)
[09:13] {dptl} good morning
01[09:13] {@Threei}  dp :)
[09:13] {RonS} was talking to a former neighbor who wants to trade stock and options yesterday...
[09:13] {nemo} he wanted to trade yesterday, or you talked to him yesterday?
01[09:13] {@Threei}  lol
[09:13] {RonS} ...it was like talking to someone yet to start kindergarten about a phd in physics...impossible...
[09:14] {nemo} brain tumor
01[09:14] {@Threei}  I know exactly what you mean ron
[09:14] {nathan} lol
[09:14] {nemo} Pretty funny, sold a gun to a guy over the weekend who was one of the founders of sepracor
[09:14] {nathan} it sounds like my conversations with my brother in law
01[09:14] {@Threei}  no occasion when I answer what I do for a living goes without someone starting to explain to me how it's done or why it can't be done
[09:15] {nathan} do u sell guns nemo?
01[09:15] {@Threei}  this is one of the most curious sides of the market.trading: unlike most other professions, people think they are born with knowledge how to operate in it
[09:16] {nemo} how'd u guess?
[09:16] {nemo} what gave it away?
01[09:16] {@Threei}  only on black marker nathan
[09:16] {nathan} lol
[09:16] {nathan} can u send me a couple nemo?
[09:17] {nemo} I don't export to Spain
[09:17] {nathan} got some friends who might me interested
[09:17] {nathan} lol
01[09:17] {@Threei}  no one in their right mind would start explaining a surgeon something about surgery
[09:17] {nemo} Basque friends
01[09:17] {@Threei}  architector about designing buildings
[09:17] {nathan} u know it weell nemo!
01[09:17] {@Threei}  but say you deal with stock market, everyone's an expert
[09:17] {dino} ron, nathan, been there. funny tho, they ask me about it then proceed to tell me what i should be doing
[09:18] {nemo} Hey...I'm not as dumb as I look, then again, no one could be THAT dumb!
01[09:18] {@Threei}  my favorite: O've read study that day trading can't be done profitably
[09:18] {nathan} it's like  in mr livermore book
01[09:18] {@Threei}  sure, byt the author of the study - that's why he does studies and not trading
[09:19] {dino} 3i, better yet, "nobody can time the market" if that were true there would be no daytraders
01[09:19] {@Threei}  ah yes
[09:20] {cosmo} extinct traders timed themselves out
01[09:20] {@Threei}  another favorite of mine: what's the point, it's all rigged anyway
[09:21] {cosmo} My favorite: gold will serve those best who can fashin it into a weapon of valor for personal protection.
01[09:21] {@Threei}  wow... not bad
[09:21] {troub} good morning you all
01[09:22] {@Threei}  troub :)
[09:22] {Alexs} gm
01[09:22] {@Threei}  alex :)
01[09:22] {@Threei}  and: silver will serve those best who can fashion it into a weapon of valor for personal protection while not being able to afford gold?
[09:23] {cosmo} its harder too
[09:23] {dino} buddy on mine was telling me he was loading up on gold and silver back in december. told me i was nuts not doing the same. his profession, prison guard. telling me what to trade
01[09:24] {@Threei}  what is it about stock market that makes everyone think it's their birthright to understand it
[09:25] {cosmo} tradition?
01[09:26] {@Threei}  lol
[09:26] {dino} and the topper, about a year ago a close relative started trading and told me he would bury me in trading. i said, maybe so. haven't heard from him sense.
01[09:26] {@Threei}  of course not, he buried you
[09:26] {dino} and those are the days in my life
[09:27] {nemo} gonna' be fun to watch aapl today
[09:28] {RonS} ya, $100 run soon...
[09:28] {dino} 7/1 rigght?
[09:28] {dino} right
01[09:30] {@Threei} Short Setup: FB  .40 break
01[09:30] {@Threei}  If holds  .50
[09:31] {ESE} gm
01[09:31] {@Threei}  ESE :)
01[09:31] {@Threei}  (looming large today)
[09:31] {ESE} capitols
[09:31] {ESE} weird
01[09:31] {@Threei}  no go
[09:32] {RonS} lol...perfect ese response
[09:33] {ESE} tks
[09:33] {ESE} aim to please.....you know me
01[09:33] {@Threei} Long Setup:  YHOO  .90 break
01[09:33] {@Threei}  If holds  .85
01[09:35] {@Threei}  Invalidated
01[09:36] {@Threei} Long Setup:  TZA  .05 break
01[09:36] {@Threei}  If holds  15
01[09:37] {@Threei}  (US) US Supreme Court refuses to hear tobacco companies appeal of Florida cases- Altria, RAI, and LO units were seeking Supreme Court review of 10 appeals, saying they were not allowed to provide an adequate defense in lower courts.
01[09:41] {@Threei} Long Setup:  FB  .20 break
01[09:41] {@Threei}  If holds  .10
01[09:44] {@Threei}  what the deuce
[09:47] {nathan} short DAL if breaks .10?
01[09:48] {@Threei}  chart's right
[09:48] {dino} gild drop
[09:49] {dino} mms drop
[09:49] {nathan} 1:1 DAL
01[09:49] {@Threei}  :)
[09:50] {nathan} paper tradingf though
[09:50] {dptl} half out dal :)
[09:51] {nathan} :-)
[09:51] {RonS} ebay losing water
[09:56] {dino} bto gild calls
01[09:59] {@Threei}  sheesh FB
01[10:03] {@Threei} Short Setup: GLD  .70 break
01[10:03] {@Threei}  If holds  .80
[10:08] {dptl} wfm .80 break long if holds .70
[10:09] {dino} centa s .61 stop hod
[10:14] {dptl} actualy thinking to short wfm now
[10:14] {dptl} watching
01[10:15] {@Threei}  Tesla Motors CEO wants to open parts of Tesla patent portfolio to other electric car makers in effort to make Tesla supercharger the standard - press (UPDATE)- Musk said on Sunday that he wants to share the designs for his Supercharger system to create a standard technical specification among electric car makers, which could involve Tesla sharing some of its intellectual property about its car components.
[10:15] {dptl} p .45 break short
01[10:16] {@Threei} Short Setup: TWTR  .60 break
01[10:16] {@Threei}  If holds  .70
[10:16] {nathan} short JPM breaks .45
01[10:17] {@Threei}  Amazon.com Inc To announce new payment method - tech blogs (update)Amazon is introducing a new payments service today, which the company hopes will soon be adopted by startup companies and others offering subscription-based or recurring payments.
01[10:19] {@Threei}  Invalidated  TWTR
[10:21] {dino} stop centa .73 -.12
[10:21] {cosmo} GLD tests
01[10:22] {@Threei}  TWTR reestablished
[10:23] {cosmo} Someday gold might make good bullets. You wouldn’t even need to use any tracer rounds…
01[10:23] {@Threei}  silver is tested as anti-werewolf weapon
[10:24] {cosmo} vampires too
[10:26] {dptl} invalidated p
01[10:26] {@Threei}  .70 aggressive was much better idea on TWTR...
[10:30] {Alexs} trail twtr?
01[10:31] {@Threei}  I'd prefer after .55 break
01[10:34] {@Threei}  trail now
[10:35] {dptl} short p .51 stop
[10:37] {dptl} nope...out
[10:41] {thomcbell} syna looks interesting - might be buy stops above 69 based on daily
[10:43] {thomcbell} hmm someone just ripped it
[10:50] {RonS} Charging an electric car in 1905 pic.twitter.com/hOmCyowoFP
[10:52] {dino} splk swing from 5/29 stop to .24
01[10:53] {@Threei}  1:1  GLD
01[10:56] {@Threei} Long Setup:  CAT  .35 break
01[10:56] {@Threei}  If holds  .25
[10:59] {dino} hub.a and hub.b?
01[11:00] {@Threei}  no news
[11:02] {dino} splk swing stop/out 44.24, +2.99
[11:06] {dino} hub.b trig smr s .60 break
[11:06] {nathan} WMT double botton?
06[11:06] * @Threei puts some catnip at .45 for CAT
01[11:07] {@Threei}  I don't see it on WMT
[11:07] {nathan} ok, thx
01[11:07] {@Threei}  half out CAT
01[11:08] {@Threei}  stop .34
[11:08] {dino} cx hubb
01[11:08] {@Threei}  1:1
[11:08] {nathan} gj
01[11:11] {@Threei}  1:2
01[11:11] {@Threei}  CAT
01[11:11] {@Threei}  finally something decent
[11:13] {dptl} dal may be .10 break short again
01[11:13] {@Threei}  1:3
01[11:13] {@Threei}  out
01[11:13] {@Threei}  whew
[11:13] {nathan} brb
[11:15] {dptl} wfm .75 break short if holds .85
[11:22] {dptl} inval.
01[11:29] {@Threei} Short Setup: FB  .05 break
01[11:29] {@Threei}  If holds  .12
01[11:30] {@Threei}  Invalidated
[11:31] {nemo} it's like just go long at the open, and go back to bed
[11:37] {dino} yeah
01[11:40] {@Threei} Short Setup: FB  .05 break
01[11:40] {@Threei}  If holds  .15
01[11:43] {@Threei}  no go
01[11:57] {@Threei}  gotta try it again
01[11:57] {@Threei}  in
01[11:57] {@Threei}  same stop
01[11:58] {@Threei}  63 is critical support
[12:00] {RonS} quote stuffing on $msft...almost 100,000 quotes in 1 min
[12:15] {RonS} reminds me of that song...should i stay or should i go?
[12:15] {Alexs} lol
[12:19] {dptl} dal may be short 42 break
[12:19] {nemo} the latter ron
01[12:23] {@Threei} Long Setup:  TWTR  .25 break
01[12:23] {@Threei}  If holds  .15
01[12:44] {@Threei}  sigh
01[12:45] {@Threei}  (EU) Germany Chancellor Merkel: remain supportive of Juncker at the EU commission
01[12:45] {@Threei}  it's that same guy because of which UK said will rush to exit, right?
[12:46] {dino} hub.b partial s .30
[12:47] {Alexs} they don't need UK any more, Ukraine is coming in
01[12:49] {@Threei}  lol
[12:50] {RonS} kndi l 12.28
[12:55] {thomcbell} long setup WB 18.78 long break if holding 18.65
[12:56] {RonS} out kndi 12.48 +.20  ese size
01[12:56] {@Threei}  wtg
[12:59] {thomcbell} vad it might be time to put aapl into the mix
[12:59] {thomcbell} there have been some of our type of setups today
01[12:59] {@Threei}  looks like
[13:02] {dino} hub.b stop .73 -.43
[13:03] {dino} clx spike
[13:03] {thomcbell} WB 1:1
[13:04] {thomcbell} thru 19.40 oor 19.50 on daily WB could get some momentum back
01[13:09] {@Threei}  Stephen Harper on Barack Obama’s climate-change plan: Been there, done that
01[13:11] {@Threei} Long Setup:  AAPL  .70 break hl
01[13:11] {@Threei}  If holds  .60
[13:12] {RonS} can i have my kndi back?...
[13:12] {nemo} I just did a double take on the aapl call
01[13:13] {@Threei}  and?
[13:13] {nemo} I forgot it's not a 700 stock anymore
01[13:13] {@Threei}  :)
[13:15] {dptl} anybody connection prob with das nonko?
[13:15] {nemo} no
01[13:15] {@Threei}  fine here
[13:16] {nemo} how many bottles vodka you drink so far today dp?
[13:16] {dptl} hmm...second time i am loosing server connection today
[13:16] {nemo} who's your ISP?
[13:17] {dptl} its not my internet...everythingelse is working fine
[13:17] {nemo} have you logged into your modem?
[13:18] {nemo} any hiccup in your internet connection, that one application will not notice may cause problems for another
01[13:18] {@Threei}  half out AAPL
01[13:18] {@Threei}  that was good idea thom, re: AAPL addition to usual suspects
[13:19] {dino} clx crazy
[13:20] {thomcbell} yeah its been a goto day trading stock by some of my richer brethren
01[13:22] {@Threei}  Reportedly Saudi Arabia could increase crude oil output in the second half of 2014, after boosting production by 35K bpd in May - press ***Reminder: OPEC is meeting in Vienna, Austria this week
[13:24] {dino} reloaded hub.b smr s .42
01[13:25] {@Threei} Short Setup: IWM  .05 break
01[13:25] {@Threei}  If holds  .15
[13:25] {nemo} should test below 116
[13:25] {nemo} 117
[13:28] {dino} dptl, losing it here as well
01[13:28] {@Threei}  really like how AAPL moves
[13:28] {dptl} ?
[13:28] {dino} trading platform hiccups
06[13:28] * @Threei sends dino and dptl his shrink business cards
[13:28] {dptl} ye, something is wrong
[13:29] {dino} 3x today, odd
01[13:29] {@Threei}  don't you guys use different platforms?
[13:29] {dino} yes
[13:29] {dptl} man....lol
01[13:29] {@Threei}  hehe
[13:30] {Alexs} IWM trail .11?
01[13:30] {@Threei}  I think so
01[13:31] {@Threei}  touched 2 cents from 1:1
01[13:31] {@Threei}  what a weird headline: AAPL shares lose their value in stock-split
01[13:33] {@Threei}  1:1
01[13:41] {@Threei} Short Setup: APPL  .60 break hl
01[13:41] {@Threei}  If holds  .70
[13:50] {dptl} half out
01[13:55] {@Threei}  High praise from Down Under: Australian Prime Minister Tony Abbott says Stephen Harper has been a beacon to centre-right parties around the world and he calls him "an exemplar of a contemporary, centre-right prime minister."
[13:57] {dino} cov hub.b .92, +.50
[13:58] {Alexs} is Harper really a conservative?
01[13:58] {@Threei}  in Canada terms, of course
[13:59] {dptl} stop to .91 dal
01[14:01] {@Threei}  frikin IWM
01[14:01] {@Threei}  rinse
01[14:02] {@Threei}  keep in mind that Canada's whole political specter is more to the left that US's
01[14:03] {@Threei}  so our right might look moderate to you
[14:04] {Alexs} that's sad
[14:04] {troub} t-party kind of thing there?
01[14:05] {@Threei}  nah, not even close
[14:05] {troub} Lucky you
01[14:06] {@Threei}  but it works... after 20+ years of relentless move tio the left, he slowly but surely reworks things, creating right-of-center approach, at least fiscally
01[14:07] {@Threei}  sure thing, left wing hates him passionately
01[14:07] {@Threei}  and blames him in everything under the sun
01[14:07] {@Threei}  but the guy is a freight train on a slow speed
01[14:07] {@Threei}  slow but unstoppable
[14:08] {Alexs} what is his rating in the country?
01[14:10] {@Threei}  latest I saw was 32%
[14:11] {dptl} out some more dal .74
[14:11] {Alexs} so the stop will be next election...
01[14:12] {@Threei}  it's normal for ruling party ratings to drop between elections
01[14:13] {@Threei}  and our system is a bit different... vote split between left paries means 35% is a sure win, over 40% is majority
01[14:13] {@Threei}  no news for this market drop
[14:14] {Alexs} market drop is the news
01[14:14] {@Threei}  a bit too sharp to be technical...
[14:15] {dptl} its a nice drop :)
[14:15] {troub} how many parties are there?  All parties national or regional?
01[14:15] {@Threei}  (US) President Obama to unveil plan to cap payments of federal student loans at 10% of monthly income - pressThe order will cover five million students who borrowed before October 2007 or those who have not borrowed since October 2011 The move would cost the government $58 billion over 10 years and raise $72 billion through a new tax on high-income earners
01[14:16] {@Threei}  3 major ones,,, Tory, NDP and LIberal
01[14:16] {@Threei}  2 smaller, Quebecua ans Green
[14:16] {nemo} how are they defining "high-income"
[14:17] {dino} in obummers view $50k i'd guess
01[14:17] {@Threei}  lol
01[14:17] {@Threei} Short Setup: AAPL  .60 break
01[14:17] {@Threei}  If holds  .70
[14:17] {dino} these kids need to stop borrowing for those liberal arts degrees
[14:18] {nemo} all it will do is drive up the cost of an education
[14:18] {Alexs} I think in a couple years anyone who has a job will be high-income earner
[14:19] {dino} lol
01[14:19] {@Threei}  1:1
01[14:19] {@Threei}  then anyone with food stamps?
[14:19] {nathan} 1:1 thx vad
01[14:19] {@Threei}  yw
[14:19] {nemo} I was trying to get apple when it dropped .80, was in the sixties in a blink
[14:21] {dino} hclp smr l .68 ave, all over the tape
01[14:21] {@Threei}  we did on the bounce nenmo... was obtainable
[14:21] {nemo} yep and tna break .10  sheesh
[14:22] {dptl} out dal
01[14:23] {@Threei} Short Setup: IWM  .60 break
01[14:23] {@Threei}  If holds  .70
01[14:24] {@Threei}  1:1
01[14:26] {@Threei}  AAPL drops more
01[14:29] {@Threei}  1:3 almost
01[14:29] {@Threei}  nice mover, thanks again 'for bringing it thom
[14:29] {Alexs} you still keep it?
01[14:29] {@Threei}  no
01[14:29] {@Threei}  first day trading it, treating it with double care
01[14:34] {@Threei} Short Setup: AAPL  .45 break
01[14:34] {@Threei}  If holds  .55
01[14:35] {@Threei}  trail to .51
01[14:35] {@Threei}  market probably bounces now
01[14:36] {@Threei}  feels like downside is still there but close to eod
01[14:36] {@Threei}  closer
01[14:41] {@Threei}  Memorable Stephen Harper Pictures under the article at http://www.huffingtonpost.ca/2014/04/25/conservative-party-poll-harper-trudeau-liberal_n_5212640.html
01[14:41] {@Threei}  guy absolutely enjoys what he does
[14:43] {nathan} take care guys!
[14:43] {dino} cya nat
[14:43] {nathan} see you tomorrow
01[14:44] {@Threei}  take care nathan
01[14:50] {@Threei} Long Setup:  IWM  .70 break
01[14:50] {@Threei}  If holds  .60
01[14:54] {@Threei}  btw, don't tell ese I like Harper... he will suffocate me violently, burn my body, spread ashes over the Pacific and probably try to drain Pacific after that
01[14:54] {@Threei}  1:1
01[14:54] {@Threei}  and if he does, where will dp fish
[14:55] {dptl} and all this with music ...lol
[14:55] {cosmo} may your ashes soak up some of that radiation
01[14:55] {@Threei}  oh yeah, drumming victoriously
[14:55] {dptl} lol
01[14:58] {@Threei}  upon reading this, I think new president has bipolar disorder: http://time.com/2848477/exclusive-ukraines-president-seeks-understanding-with-russia/
01[15:09] {@Threei}  1:2
[15:11] {dino} igt
[15:15] {Alexs} why Vad, in this interview he sounds reasonable?
01[15:16] {@Threei}  well... on one hand "we have to work with Russi" and on another, "I don't care what Putin thinks and Russia needs to be punished"?
01[15:16] {@Threei}  how doesa that work together
[15:16] {Alexs} no problem, for me
01[15:17] {@Threei}  well... main question is, whether it's a problem for Putin :)
[15:17] {Alexs} I hate you but I have to work with you, so?
01[15:17] {@Threei}  we will see very soon
[15:18] {Alexs} For Putin it's nothing new that somebody hates him
[15:18] {Alexs} He doesn't care as long they do what he wants
01[15:19] {@Threei}  so if he wants Poroshenko to back off and let two republics become indeoendent, what's Poroshenko to do?
01[15:19] {@Threei}  or, not to sign up EU agreement?
[15:20] {Alexs} I don't think that it's what Putin needs
01[15:20] {@Threei}  that's what he says
01[15:20] {@Threei}  on both counts
[15:21] {dino} igt hl s .34
[15:23] {Alexs} he's got Crimea, now he's just keeping pressure, so when he give up everybody will be happy and it will be new status quo
01[15:24] {@Threei}  nemo... pssst...
01[15:24] {@Threei}  we have optimist among us
01[15:25] {@Threei}  come on IWM, last push
01[15:25] {@Threei}  careful alex... nemo hunts optimists with rocket launcher, loaded with silver-plated rockets
[15:26] {Alexs} and you know Putin's rally interested that Crimea is a disputed territory, it's a main obstacle for Ukraine to get to NATO
[15:27] {Alexs} and to EU as well
01[15:28] {@Threei}  AAPL two-sided
01[15:29] {@Threei}  .75 - .85
[15:29] {dino} cov igt .04, +.30
01[15:29] {@Threei}  wtg
[15:31] {dino} ty
[15:32] {dino} out hclp .98, +.30
[15:34] {Alexs} AAPL doesn't like us today
01[15:35] {@Threei}  half and half I thought?
[15:35] {dino} byi hl l .58
[15:38] {Alexs} 2:3 AAPL and the wins were just 1:1s
[15:40] {dino} out igt .75, +.17
[15:42] {dino} igt hl s .25
[15:44] {dino} that was out byi, not igt
01[15:44] {@Threei}  nice anyway
[15:46] {dino} igt stopped .35 -.10
[15:47] {dptl} gn...see ya tomorrow all
01[15:47] {@Threei}  thatnk you all
01[15:47] {@Threei}  not our day
01[15:48] {@Threei}  have a good evening, see you tomnorrow for a better one
[15:49] {dino} igt s .30
[15:50] {dino} cov igt .14, +.16
[15:56] {dino} calling it a day, gn all
[15:57] {thomcbell} gn