Tuesday, June 10, 2014

June 10 2014

Much better day, with nice wins handily outweighing stops. CAT, FB, DAL provided juicy opportunities, with additional scalps here and there.

Session Time: Tue Jun 10 00:00:00 2014
[09:02] {dino} ddd pop
01[09:02] {@Threei}  The Moscow Times: Communist politician proposes to ban cigarette sales to women under 40
01[09:02] {@Threei}  those above can go ahead and die
01[09:02] {@Threei}  DDD Raises FY14 Rev guidance to $695-735M v $702Me (prior $680-720M)
01[09:03] {@Threei}  (GR) IMF comments on Greece: Country's public debt remained "very high", essential EU stands ready with more debt relief to make Greece sustainable - now that's one country that'll never cease making news
[09:03] {dptl} good morning
01[09:03] {@Threei}  dp :)
[09:04] {dino} funny, every fall for last 3 years they say greece is fixed, ...every summer for last 3 years, greece needs more $
01[09:05] {@Threei}  there is some kind of seasonality to it
[09:05] {RonS} howdy guys
01[09:05] {@Threei}  Greece - seasonal fixer-upper
01[09:05] {@Threei}  morning ron
01[09:06] {@Threei}  Associated Press: Hillary Clinton says she understands 'hard life'
01[09:06] {@Threei}  broke a nail yesterday I guess
[09:07] {RonS} must have looked in the mirror...
01[09:08] {@Threei}  cruel... but nemo would have been proud of that
[09:08] {RonS} the press fawn over her is relentless...makes me sick to my stomach
01[09:08] {@Threei}  wait till closer to election...
01[09:09] {@Threei}  mother teresa will look like neighrhood prostitute next to her
[09:10] {RonS} ddd 32% float short
[09:14] {dino} lol 3i
[09:14] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:23] {Alexs} gm
01[09:24] {@Threei}  alex :)
01[09:27] {@Threei}  Hillary Clinton: 'My family was dead broke when we left the White House'
01[09:27] {@Threei}  I am crying
[09:27] {nemo} sub 1 million spy going into the open
01[09:31] {@Threei} Short Setup: EBAU  .60 breajk
01[09:31] {@Threei} Short Setup: EBAY  .60 break
01[09:31] {@Threei}  If holds  .70
[09:32] {nemo} swedish spelling
01[09:32] {@Threei}  if Hillary can be broke, why can't I be Sweden
01[09:33] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  TWTR  .70 break
01[09:35] {@Threei}  doubt it was obtainable but if anyone did get it by some kind of magic, you know what to do
01[09:36] {@Threei} Short Setup: FB  .30 break
01[09:37] {@Threei}  If holds  .35
01[09:37] {@Threei}  meh
01[09:37] {@Threei}  frikin TWTR
01[09:38] {@Threei} Long Setup:  IWM  .75 break
01[09:38] {@Threei}  If holds  .65
01[09:39] {@Threei}  hmmm
01[09:39] {@Threei}  chaotic
[09:42] {dptl} short ebay
[09:42] {dptl} .59
[09:42] {dptl} half out
[09:43] {nemo} ebay to test 48 today?
[09:44] {dptl} i hope
02[09:44] * Disconnected
Session Close: Tue Jun 10 09:44:33 2014

Session Start: Tue Jun 10 09:44:48 2014
Session Ident: #discussions
03[09:44] * Now talking in #discussions
01[09:44] {Threei}  disconnect
01[09:45] {Threei} Long Setup:  P  .55 break
[09:45] {dptl} added more ebay
01[09:45] {Threei}  If holds  .45
[09:46] {dptl} covered more
01[09:46] {Threei}  Invalidated
[09:47] {Alexs} nice call dp
[09:47] {dptl} :)
[09:48] {dptl} trailing above .40 stop
01[09:48] {Threei} Long Setup:  CAT  .90 break
01[09:49] {Threei}  If holds  .80
01[09:50] {Threei}  1:1
01[09:51] {Threei}  1:2
[09:52] {dptl} closed ebay
[09:53] {dino} out cat .12, +.21, ty 3i
[09:53] {Alexs} btw Vad Hillary said they were broke because of legal bills mostly, so the problem was her husband behavior
01[09:53] {Threei}  dino :)
[09:53] {nemo} she signed an 8mil bookdeal before she left office
[09:53] {troub} thks 3i
01[09:53] {Threei}  yw
01[10:00] {Threei}  *(US) APR WHOLESALE INVENTORIES M/M: 1.1% V 0.5%E; WHOLESALE TRADE SALES M/M: 1.3% V 0.9%E
[10:00] {RonS} ...and they bought 4 mil of property
01[10:00] {Threei}  that alone might make you broke
01[10:04] {Threei}  Reuters: Defying Russian warnings, Moldova and Georgia head for EU pact
01[10:07] {Threei} Long Setup:  JPM  .52 break
01[10:07] {Threei}  If holds  .45
[10:08] {thomcbell} ddd red
01[10:10] {Threei} Long Setup:  IWM  .25 break
01[10:10] {Threei}  If holds  .15
01[10:11] {Threei}  change to .20 break
01[10:11] {Threei}  If holds  .10
[10:12] {dino} ddd hl l .91
01[10:12] {Threei}  1:1
01[10:14] {Threei}  eBay Inc Planning to shut down local delivery service eBay Now
[10:15] {dptl} long wfm .71
[10:16] {dptl} out some
[10:17] {nemo} SNDK
01[10:19] {Threei}  1:2  IWM  close enough
01[10:19] {Threei}  1/4 more out
[10:20] {dino} out ddd .19, +.28
[10:21] {thomcbell} aapl looks vulnerable here
[10:22] {nemo} breakout level here
[10:25] {thomcbell} yhoo sneaky
[10:25] {thomcbell} and wb been strong all day
[10:25] {thomcbell} wonder if alibaba coming
[10:25] {nemo} 8 weeks
[10:26] {thomcbell} rcap 20.25 long break
[10:26] {dino} cqp hl l .92 stop lod
[10:27] {thomcbell} if holding i dont know
[10:27] {thomcbell} i will play it small
[10:35] {dino} tasr pop
01[10:35] {Threei} Short Setup: AAPL  .05 break
01[10:35] {Threei}  If holds  .15
01[10:35] {Threei}  1:1
[10:37] {Alexs} Vad, are you doing full lot AAPL?
01[10:37] {Threei}  no, still hal
01[10:37] {Threei}  half
[10:38] {Alexs} ok thanks
01[10:38] {Threei}  it's in testing period
[10:38] {dptl} short sdrl .64
[10:45] {dino} cqp stop .79-.12
[10:45] {dino} -.13
01[10:47] {Threei} Long Setup:  DAL  .50 break
01[10:47] {Threei}  If holds  .40
01[10:50] {Threei}  half out
[10:53] {dino} sm l beav .70
[10:55] {nemo} aapl might be a reshort @ .45-.50
[11:00] {dptl} out sdrl..not doing anything
01[11:01] {Threei} Short Setup: IWM  .50 break
01[11:01] {Threei}  If holds  .60
01[11:02] {Threei}  1:1
[11:14] {thomcbell} rcap 1:1
01[11:32] {Threei}  DAL is trying again
[11:35] {dino} beav stop
[11:37] {RonS} ok wally...
01[11:38] {Threei}  lol
[11:40] {Alexs} iwm short .30?
01[11:40] {Threei}  no
01[11:41] {Threei}  rather .40 break, although I'd prefer aggressive entry
[11:41] {Alexs} you mean long .40?
01[11:42] {Threei}  yes
01[11:42] {Threei}  or, if it loses .30, long on recross
[11:44] {dino} gild l .48
01[11:46] {Threei}  shouldn't DAL fly, not crawl?
01[11:47] {Threei}  Jelly made from beer - latest Victoria decadent treat
01[11:47] {Threei}  sheesh
[11:48] {Alexs} as an appetizer with vodka?
01[11:48] {Threei}  I don't want even to read the details
01[11:51] {Threei}  nah IWM
01[11:55] {Threei}  1:2  DAL
01[11:55] {Threei}  takes its sweet time but...
01[11:56] {Threei}  Can you say "easy to please":
01[11:56] {Threei}  The United States said it was "encouraged" that Russian President Vladimir Putin spoke with Ukrainian President Petro Poroshenko in Normandy on Friday
01[11:58] {Threei}  even if he said "man, am I going to tear your lips and shove them down your ears" - ot's important that they actually spoke
[12:00] {dptl} p .20 break short if holds .30
[12:01] {Alexs} in a couple of month there will be peace in Ukraine, Russia doesn't get any economic consequences and is a happy owner of Crimea
[12:02] {Alexs} blocking by this Ukraine possibility to get to NATO and EU
01[12:03] {Threei}  come on DAL, last push
01[12:03] {Threei}  give us 1:3
[12:04] {Alexs} smooth play of Putin
[12:07] {dino} edn gap fill
[12:07] {dino} emes drop
01[12:12] {Threei}  US sends B-2 stealth bombers to Europe
01[12:12] {Threei}  to bomb Europe?
01[12:12] {Threei}  intriguing idea
[12:18] {RonS} they can go to Europe and back from Kansas...only reason to send them ther is Iran...imo
01[12:19] {Threei}  out DAL
01[12:19] {Threei}  1:3 is close enough
01[12:19] {Threei}  can't let it get away from here
[12:23] {Alexs} Ron I'm afraid this make no sense, US has enough aircraft carriers directly beside Iran
[12:26] {RonS} you can't launch a B2 from a carrier, let alone land it...
[12:33] {nemo} they'll bomb the Ukraine and blame it on Putin
[12:42] {dptl} wierd p
01[12:47] {Threei} Long Setup:  FB  .25 break
01[12:47] {Threei}  If holds  .15
01[12:49] {Threei} Long Setup:  AAPL  .75 break
01[12:49] {Threei}  If holds  .65
01[12:51] {Threei}  1:1  FB
01[12:52] {Threei}  meh AAPL
01[12:55] {Threei}  1:2  FB  slose enough
[12:56] {nemo} appl looks short
[12:56] {nemo} bottom likely around .30 though
[12:58] {dptl} stopped p
01[12:59] {Threei}  1:3
01[13:00] {Threei}  good girl FB
[13:00] {Alexs} why girl?
01[13:00] {Threei}  because I am straight?
[13:01] {nemo} just not sober
01[13:02] {Threei}  AAPL rinse
[13:05] {dptl} short dal .94
[13:19] {dptl} hmm..still hangs dal
[13:19] {fish_49} Alex  you collecting my share?
01[13:19] {Threei}  fish!
[13:20] {fish_49} Vad
01[13:20] {Threei}  swam home finally?
[13:20] {fish_49} this volume is so heavy  I fell asleep
[13:20] {Alexs} I'd be happy fish, nobody wants to share!
01[13:21] {Threei}  good girl FB just did
[13:21] {fish_49} I'm guessing not many trades with this type of action today...
01[13:22] {Threei} Short Setup: IWM  .05 break
01[13:22] {Threei}  If holds  .15
[13:27] {RonS} infuriating...how is this a cost...do not have the money now, would not have it then:  A tax holiday for U.S. companies to repatriate offshore profits would cost $95.8 billion: http://bloom.bg/1uLII8c
[13:27] {dino} edn hl l .84
01[13:28] {Threei}  idiots
01[13:29] {Threei}  Invalidated
[13:30] {dptl} nope stoped dal
01[13:31] {Threei}  you stop shorting my DAL
01[13:31] {Threei}  it gave us 1:3 on a long side
01[13:31] {Threei}  have some respect for stocks that move that much in low volume swamp
[13:31] {Alexs} I think a tax holiday is a stupid idea, we need to decrease taxes not make tax holiday
[13:33] {thomcbell} rcap 1:2
[13:33] {thomcbell} took all day
[13:33] {dptl} looks like itss rinsed me
[13:33] {thomcbell} lol
[13:33] {nathan} hi gents
01[13:34] {Threei}  hey nathan
[13:34] {nathan} hope you had a great morning
01[13:34] {Threei}  not otherworldly but decent
01[13:34] {Threei}  DAL, CAT and FB yeilded nice trades
[13:35] {nathan} good to know
[13:38] {fish_49} who shot the Toad  he is not responding to a PM
01[13:38] {Threei}  you need to use attention-getter
[13:39] {fish_49} what would that be Vad  a sign offering Free Booze?
06[13:39] * Threei slaps nemo around a bit with a full-bodied optimist, to be ridiculed, beaten up and possibly shot
[13:39] {fish_49} I like the shot  part  lol
01[13:39] {Threei}  there... this should wake him right up
[13:40] {thomcbell} rcap 1:3
01[13:40] {Threei}  wtg thom
[13:40] {Alexs} IWM long .25?
[13:41] {thomcbell} tu
01[13:41] {Threei}  alex, right chart, wrong time of the day. Let's try either aggressive or DKTK
[13:42] {Alexs} under .10?
01[13:42] {Threei}  that would probably be too good...
01[13:42] {Threei}  .20 rather
01[13:44] {Threei}  but DKTK will be different if that's what transpires
01[13:44] {Threei}  then entry to hunt for will be under ,.15
[13:46] {fish_49} gotta run  take care guys  and Happy trading....
[13:55] {dino} dji has been stuck in about a 12 pt range for hours
[13:58] {nemo} aapl looks long to .30ish
[13:58] {dptl} will try dal shart again
[13:58] {dptl} .90 break
[13:59] {Alexs} lol IWM worked straight
[13:59] {dptl} .96 stop..tight
01[13:59] {Threei}  shrug
01[13:59] {Threei}  in most cases it doesn't
[13:59] {Alexs} sometimes can outsmart yourself
01[13:59] {Threei}  no
01[13:59] {Threei}  you go with odds
01[13:59] {Threei}  nothing works (or fails) always
01[14:00] {Threei}  but if you take this kind of setups at this time of the day, you will be rinsed more often
01[14:00] {Threei}  outsmart yourself is an attemot to guess when it does work and when it doesn;t
01[14:01] {Threei}  that's when you are trying to outguess your own system, and that never ends well
01[14:01] {Threei}  they call it ego
01[14:02] {Threei}  "I am smarter than my system, I can achieve higher percentage than it provides"
[14:03] {dptl} half out
[14:03] {Alexs} I surrender Vad! Just chatted
[14:04] {nathan} watching BBY
01[14:05] {Threei}  great, it gave me an excuse to proselytize
[14:05] {nathan} lol
[14:05] {Alexs} lol
[14:05] {nemo} I think aapl off the table
[14:05] {nemo} maybe not, that might have been the bid drop to clear weak hands
01[14:05] {Threei}  didn't you know, I am a high priest of the church of opinionless trading
[14:06] {nathan} :-)
[14:06] {nemo} so much volume at 94 it'll likely pop if it clears
[14:11] {dptl} more out
[14:14] {nemo} yep went from 94 to 94.08 in a blink
[14:18] {dptl} all out
[14:19] {Alexs} you traded DAL dp?
[14:19] {dptl} yes short from .90
[14:20] {dptl} out .78 .68 and .71
[14:20] {Alexs} no respect for stocks dp ;)
[14:20] {dptl} not at all
[14:20] {dino} gj dp
[14:20] {dptl} :)
[14:22] {dptl} look at dal chart ...that is looks nice isn't it....like waterfall :)
[14:23] {dptl} niagra
[14:23] {Alexs} are you meditating?
[14:23] {nathan} viagra?
[14:23] {dptl} or reversed viagra.yes..lol
[14:23] {nathan} lol
[14:24] {nathan} there it goes BBY
[14:25] {nathan} slow and...
[14:32] {nathan} FB short?
[14:35] {Alexs} Elizabeth Warren on CNBC... democrats are mostly just a businessmen but when I lissten to her I get scared
01[14:35] {Threei}  .65 break
01[14:35] {Threei}  she is worse than Hillary
[14:36] {Alexs} oh man, Hillary is a t-partier compared to her
[14:43] {nathan} FB 1:1
01[14:43] {Threei}  yup
[14:44] {nathan} nice shot
[14:45] {nathan} are u holding some?
01[14:45] {Threei}  sure
01[14:45] {Threei}  why not give it a chance
[14:46] {nathan} if breaks .50... could be
[14:50] {dptl} watching wfm .75 break short may be
[14:54] {dino} edn stop -.05
[14:57] {RonS} went east on you eh?
[14:57] {dino} lol
[14:57] {dino} more like south
[14:57] {RonS} lol
[15:02] {nathan} time to go
[15:02] {nathan} cya tomorrow
[15:02] {dino} if these tight range days continue, its going to be a long boring summer for me
[15:02] {nemo} this action is excruciating to watch
[15:03] {nathan} u can allways go and play golf dino ;-)
[15:03] {dino} may have to, lot more fun than 12 point range days
[15:04] {nathan} yup
[15:04] {nathan} oh well take care
01[15:13] {Threei}  Moscow warns Moldova of potential issues from signature of association agreement with EU
01[15:17] {Threei} Short Setup: FB  .50 break
01[15:17] {Threei}  If holds  .60
01[15:21] {Threei}  Invalidated
01[15:22] {Threei} Long Setup:  DAL  .85 break
01[15:22] {Threei}  If holds  .80
[15:23] {dptl} long wfm .86 and dal .86
[15:25] {Alexs} dp doesn't recognize your calls any more Vad :)
[15:25] {dptl} i took dal :)
01[15:26] {Threei}  he spoke to my wife once
[15:26] {dptl} lol
[15:31] {dptl} ok stopped wfm
[15:32] {dptl} now dal has to work
01[15:33] {Threei}  {DAL} yes sir
01[15:33] {Threei}  {DAL} trying hard sir
[15:33] {dptl} or else :)
[15:33] {dino} tight range, no pops, no drops, ughhhhhh!
01[15:35] {Threei}  just no stock specific news today dino...
01[15:35] {Threei}  but they come regardless of market range
[15:38] {dino} i know, just 3 of last 4 trading days have been dead for me
[15:38] {dino} not liking the pattern thats forming
01[15:39] {Threei}  you know... these things come and go
01[15:39] {Threei}  too much complacency inevitably turns into turmoil
[15:39] {dino} yeah
01[15:41] {Threei}  {DAL} dp, sir, get ready to sell me
[15:41] {dptl} yes..offering .98
[15:41] {dino} damn edn rinsed me
01[15:42] {Threei}  1:1
[15:42] {dptl} out ty
01[15:43] {Threei}  yw
[15:45] {dptl} ok...see ya tomorrow all...gn
[15:45] {dino} gj dp gn
01[15:45] {Threei}  lol
[15:45] {dptl} :)
01[15:46] {Threei}  dino, a.k.a. man of 2-letter words
[15:46] {dino} ok
01[15:46] {Threei}  lol
01[15:48] {Threei}  ok guys, thank you, have a great evening
01[15:48] {Threei}  see you tomorrow