Friday, June 13, 2014

June 13 2014

Pretty much repetition of yesterday, finishing uneven week. Gotta adjust to low volume summer trading.

Session Time: Fri Jun 13 00:00:00 2014
[09:09] {dptl} good morning
01[09:10] {@Threei}  morning dp
[09:11] {RonS} hello everyone
01[09:12] {@Threei}  ron :)
[09:14] {troub} good morning you all
01[09:14] {@Threei}  troub :)
01[09:18] {@Threei}  couple downgrades LULU
[09:20] {dino} bit late
01[09:21] {@Threei}  but value added
01[09:21] {@Threei}  especially one who downgraded with target 38
[09:22] {Alexs} gm
01[09:22] {@Threei}  alex :)
[09:23] {dino} grmn, what am i missing?
01[09:24] {@Threei}  the only thing I see is Google byyng Skybox
[09:27] {RonS} 2.9 mil sh short open...brutal
01[09:27] {@Threei}  one that PCLN bought?
[09:27] {RonS} ya
01[09:33] {@Threei} Long Setup:  LULU  .95 break
01[09:33] {@Threei}  If holds  .85 
01[09:34] {@Threei}  no go
[09:36] {RonS} yelp screaming
01[09:36] {@Threei} Short Setup: FB  .80 break
01[09:36] {@Threei}  If holds  .90 
01[09:37] {@Threei}  1:1  
01[09:38] {@Threei} Long Setup:  LULU  .65 break
01[09:39] {@Threei}  If holds  .55 
[09:39] {nemo} LULU going the way of blackberry
01[09:39] {@Threei}  grrr
01[09:43] {@Threei} Long Setup:  EBAY  .90 break
01[09:43] {@Threei}  If holds  .80 
[09:44] {Alexs} didn't get it
01[09:45] {@Threei}  stop to .84
01[09:45] {@Threei} Long Setup:  WMT  .40 breal
[09:45] {dino} gild l .02
01[09:45] {@Threei}  If holds  .30 
[09:47] {nathan} gm all
01[09:47] {@Threei}  nathan :)
[09:51] {Alexs} wmt doesn't move
01[09:51] {@Threei} Long Setup:  P  .30 break
01[09:51] {@Threei}  If holds  .20 
01[09:53] {@Threei}  Invalidated  
01[09:54] {@Threei}  *(US) JUN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 81.2 V 83.0E
[09:55] {Alexs} are you in WMT trade Vad?
01[09:55] {@Threei}  ?
01[09:55] {@Threei}  why wouldn't I?
[09:56] {Alexs} learning from the master
[09:56] {Alexs} Master
[09:56] {troub} at least the losers move fast
01[09:56] {@Threei}  just not sure what makes you ask
01[09:56] {@Threei}  it didn't invalidate
01[09:57] {@Threei} Long Setup:  TWTR  .35 break
01[09:57] {@Threei}  If holds  .25 
01[09:59] {@Threei}  stop to .29
01[10:00] {@Threei}  sigh
[10:03] {nathan} watching APPL
01[10:08] {@Threei} Long Setup:  TWTR  .95 break
01[10:09] {@Threei}  If holds  .90 
01[10:09] {@Threei}  1:1  
01[10:09] {@Threei}  1:2  
[10:10] {nathan} nice VAd thx
01[10:10] {@Threei}  yw
01[10:11] {@Threei}  no worky WMT
01[10:12] {@Threei}  will try for 1:4 TWTR
[10:17] {dino} gj twtr
01[10:17] {@Threei}  1:3  
01[10:17] {@Threei}  rt
01[10:17] {@Threei}  ty
01[10:17] {@Threei} Short Setup: CAT  .70 break
01[10:17] {@Threei}  If holds  .80 
[10:17] {Alexs} you didn't stop on trail TWTR?
01[10:19] {@Threei}  1:4, out
01[10:19] {@Threei}  no, bottomed at .05 with quick print at .03
01[10:19] {@Threei}  bid never went there
[10:20] {dino} hclp sm l .40 ave
[10:22] {dino} wabc spike
[10:22] {Alexs} prefered to go out , lost 5 cents on trail FB that way
[10:23] {dino} atls drop
[10:25] {dino} atls sm l .97
[10:27] {Alexs} twtr long again .40?
01[10:28] {@Threei}  nah
01[10:28] {@Threei}  after this SPY run it's rather buy pullbacks time than breakouts
[10:32] {RonS} bofi barfy
[10:34] {Alexs} somebody taught me trade wat you see...
01[10:35] {@Threei}  and you don't see lately this kind of entries being rinsed relentlessly?
[10:36] {Alexs} lol, it means I shoud start thinking?
01[10:36] {@Threei}  no way
[10:36] {dino} never
01[10:36] {@Threei}  whatever you do, whatever you drink
[10:37] {dino} intra-day moves are not about thinking, they are about seeing
[10:37] {RonS} nemo here?
[10:38] {dino} no efficient market on intra-day
[10:38] {dino} gild to .79
[10:42] {dino} out gild .79, +.77 fl
01[10:42] {@Threei} Short Setup: P  .85 break
01[10:42] {@Threei}  If holds  .95 
[10:43] {troub} vg dino
[10:43] {dino} ty
[10:43] {dino} out atls .35, +.38
01[10:45] {@Threei}  wtg
01[10:45] {@Threei}  ATLS shrggd
[10:46] {dino} :)
01[10:46] {@Threei}  come on Ron...
01[10:48] {@Threei}  1:1  
01[10:52] {@Threei}  acebook, Twitter, Google and YouTube blocked in Iraq for many users
01[10:53] {@Threei}  hmmm... first time in my life I start thinking maybe move to Iraq...
[10:53] {Alexs} lol
[10:54] {Alexs} don't touch google pls
01[10:55] {@Threei}  You don't touch Google. Google touches you.
[10:56] {Alexs} no seriuosly Google is a useful thing :)
01[10:56] {@Threei}  no doubt
01[10:57] {@Threei}  it's not the usefulness I am wary of
01[10:57] {@Threei}  it's omnipresence and intrusiveness
01[10:57] {@Threei}  and absence of control
[10:58] {RonS} uthr hit
01[10:59] {@Threei}  think about it... it took years of litigation to realize sich simple thing as "right to be forgotten"
01[10:59] {@Threei}  something that should have been default option
01[11:06] {@Threei}  ok P, time to lose .70 and die
[11:09] {goinshort} P 1:2 out  got in late - thanks
01[11:09] {@Threei}  :)
[11:10] {dino} out hclp .78, +.38
01[11:11] {@Threei}  1:2  
01[11:13] {@Threei}  1:3  
01[11:13] {@Threei}  out
[11:15] {dino} srne spike/halt
[11:19] {dino} uthr trying to come back, res .90 imo
01[11:19] {@Threei} Short Setup: TWTR  .40 break
01[11:19] {@Threei}  If holds  .50 
[11:21] {dino} sm l .90 uthr ave
[11:22] {dino} kpti spike
[11:23] {dino} wtf uthr
[11:24] {RonS} is that a technical term?
01[11:25] {@Threei}  yup... I see it in my Trading Vocabulary Technical Terms
[11:25] {RonS} :)
01[11:25] {@Threei}  right between What the Deuce and Why Nemo Crossed the Spread
[11:26] {dino} it is now
[11:27] {dino} sob rinsed me
[11:31] {dino} smr l .80 uthr
[11:33] {Alexs} twtr valid again?
01[11:33] {@Threei}  nah
01[11:33] {@Threei}  needs longer consolidation
01[11:33] {@Threei}  or aggressive entry
01[11:34] {@Threei}  couple min under .50, then maybe
01[11:37] {@Threei}  - General Motors has announced another four vehicle recalls this morning, bringing its grand total for 2014 to 38 recalls covering 16.5M units.
[11:38] {Alexs} you mean consolidation above .50?
01[11:39] {@Threei}  no
01[11:39] {@Threei}  to reestablish .40 - .50 range, it had to stay in that range for a few more min
01[11:39] {@Threei}  President Obama to make a statement on situation in Iraq on White House South Lawn at 11:50 am ET
[11:40] {thomcbell} ultimately like it long but pva probably ripe for profit taking here 
[11:40] {thomcbell} looking for a tradeable setup 
[11:40] {dino} uthr stop -.31
[11:41] {thomcbell} for scalp down to vwap
[11:41] {troub} I surrender, reds win
[11:43] {thomcbell} forget that pva
[11:43] {thomcbell} acts very steady 
01[11:44] {@Threei} Long Setup:  FB  .20 break
01[11:44] {@Threei}  If holds  .10 
01[11:45] {@Threei}  *(UK) S&P REVISES SOVEREIGN OUTLOOK TO STABLE FROM NEGATIVE
01[11:50] {@Threei}  stop to .14
01[11:51] {@Threei}  1:1  
01[11:52] {@Threei}  lol... Tourism Victoria:
01[11:52] {@Threei}  The USS Nimitz, a US Navy supercarrier and one of the largest warships in the world will be visiting Greater Victoria this weekend. We extend a warm welcome to the ship, crew and families.
01[11:52] {@Threei}  we better!
[11:54] {cosmo} Is the ship open for tours?
01[11:54] {@Threei}  I don't think so, they'd announce it well in advance
[11:55] {cosmo} well...they used to do it...
01[11:55] {@Threei}  at least they did every time interesting vessel visited Victoria before
01[11:55] {@Threei}  Pallada was magnificent, I enjoyed touring it
[11:55] {goinshort} thanks everyone -cya next week!
01[11:55] {@Threei}  take care gs, have a good one
01[11:56] {@Threei}  submarine I skipped... too claustrophobic
[11:57] {cosmo} so are Aircraft carriers
[11:57] {cosmo} like in the catapult room
[11:58] {dino} i visited the uss n.carolina down in wilmington, pretty cool for an old ship
[11:58] {Alexs} which one did you visit cosmo?
[11:58] {cosmo} Reagan
[11:58] {cosmo} :)
[11:58] {dino} and some sub in baltimore
06[12:04] * @Threei keciks FB in the rear andf threatens to send it to Iraq if it doesn't move
[12:05] {dino} thats a new one
01[12:05] {@Threei}  1:2  
01[12:05] {@Threei}  see?? :)
[12:05] {Alexs} that works:)
[12:05] {dino} uthr last try sm l .66 stop lod, gappy sucker
01[12:05] {@Threei}  that was inspired by this dino:
01[12:06] {@Threei}  [10:52] {@Threei} Facebook, Twitter, Google and YouTube blocked in Iraq for many users
[12:06] {dino} ahh, now i get it
01[12:06] {@Threei}  :)
[12:12] {RonS} lol...Boombox pic.twitter.com/MZw4Oh6zdP
01[12:13] {@Threei}  wow
[12:14] {RonS} those things were hot for about 5 years...until the Sony Walkman killed them off...sold thousands here
[12:15] {RonS} 3rd world briefcase...ghetto blaster...
01[12:16] {@Threei}  (IQ) President Obama: ISIS is making significant gains, Iraq security forces have been unable to defend certain cities, Iraq requires additional assistance- US will not send in ground troops, national security team will prepare a range of options to help Iraq. Developing a plan could take several days.
01[12:16] {@Threei}  translation: we have no idea what to do
[12:16] {RonS} motto of his entire foreign policy...
01[12:26] {@Threei} Long Setup:  TWTR  .60 break
01[12:26] {@Threei}  If holds  .50 
[12:37] {thomcbell} ow well pva worked 
[12:37] {RonS} ...and invading Victoria
01[12:38] {@Threei}  really
01[12:38] {@Threei}  what's up with that
01[12:38] {@Threei}  we like our wild salmon, thank you very much
[12:44] {dino} but as nemo has said, perhaps easiest solution is to let nuke each other (just have to make sure they don't nuke us too)
[12:44] {nemo} yep...we can drill through glass
[12:44] {Alexs} lol that's libertarian position dino
[12:45] {dino} if it were me, i'd still have lots off troops, teacher, construction, and oil drilling going on there,...you must change the next generations way of thinking (through education) in order to get lasting change
[12:46] {dino} education scares the shit out of the religious leaders
01[12:46] {@Threei}  libertarians have a lot of good ideas when it comes to freedom of business and individual... foreign policy is not their strong suit
[12:47] {dino} the world is getting much smaller, foreign policy is much more important than ever
01[12:47] {@Threei}  yup
01[12:47] {@Threei}  let them nuke each other - yeah right
01[12:47] {@Threei}  as if there were any chance it wouldn't concern us
[12:48] {RonS} but as Meatloaf says:  2 out of 3 ain't bad...
01[12:49] {@Threei}  lol
[12:49] {thomcbell} PVA 15.50 long break if holding 15.48
[13:08] {thomcbell} stopped pva 
01[13:15] {@Threei} Short Setup: FB  .22 break
01[13:16] {@Threei}  If holds  .32 
[13:21] {dptl} lets short .30 break ?
01[13:21] {@Threei}  with .36 stop...
[13:21] {nemo} .32 right now important level
01[13:22] {@Threei}  maybe
[13:22] {nemo} yeah .35 is too
[13:22] {dptl} missed it
01[13:22] {@Threei}  here it is again
01[13:27] {@Threei}  after .25 loss trail to .33
[13:27] {dptl} i didt get it yet
[13:28] {dptl} now i did
01[13:28] {@Threei}  man...
01[13:28] {@Threei}  it was at .29 twice since then
[13:28] {dptl} so .36 stop
01[13:28] {@Threei}  for now
[13:33] {dptl} .33 now
[13:35] {dino} idcc drop
[13:36] {RonS} IDCC lost 1st rd patent case
[13:37] {RonS} InterDigital $IDCC loses first round in ITC patent case against Nokia $NOK
[13:42] {Alexs} you trailed to .33 Vad?
[13:42] {Alexs} .36 looks more reasonable
[13:43] {dino} idcc hl s .45
01[13:43] {@Threei}  I have, but I also covered half on the last dive
[13:44] {dptl} if it takes .30 i dont think its gonna work
[13:45] {dino} cov flat
[13:46] {dino} damn
01[13:50] {@Threei}  out balance
[13:51] {dptl} stopped
[13:51] {dino} idcc l .50
01[13:53] {@Threei}  thom... your PVA now maybe
[13:54] {thomcbell} yeah im watching it closel y
[13:54] {thomcbell} 15.40 long break 
[13:54] {thomcbell} problem is it went straight up from 13.30 preopen on wednesday 
[13:56] {dptl} vlo .50 break short
[13:58] {dino} stop idcc .47 -.03
01[14:00] {@Threei}  feels like will visit 42, dino
[14:13] {nathan} had some issues with the connection today :-(
[14:14] {dino} too fast idcc l .93
[14:14] {dino} stop to .48
[14:14] {dino} to .60
[14:16] {dino} to .70
[14:16] {thomcbell} pva 1:1
01[14:16] {@Threei}  good one PVA
01[14:17] {@Threei}  took it too
[14:17] {dino} to .80
[14:17] {dino} out .80 +.87
[14:17] {nathan} gj dino
[14:18] {dino} ty pulp
[14:18] {dino} nok never moved on that ruling
[14:22] {dino} idcc hl l .00 break
[14:22] {dino} wall high .90s
01[14:23] {@Threei} Long Setup:  CAT  .70 break
01[14:23] {@Threei}  If holds  .60 
[14:24] {dino} brk .80 cx order
[14:31] {nathan} dino what does cx order mean?
[14:31] {dptl} cancel
[14:32] {nathan} ok ty
[14:33] {nathan} short P .00 break?
[14:33] {nathan} ih holds.05
[14:33] {nathan} 1:1
01[14:34] {@Threei}  well
01[14:34] {@Threei}  yes
01[14:34] {@Threei}  lol
[14:34] {nathan} to fast
[14:34] {nathan} too
[14:34] {dino} nathan, had a buy stop order in, did not hit, stock dropped, so cx the order
[14:35] {nathan} thnaks for the explanation. btw do u use stop orders?
[14:35] {dino} yes
[14:35] {nathan} usually i mean
[14:36] {dino} because i am an idiot, without stops, i let them slip too much
[14:36] {nathan} lol
[14:36] {nathan} you mean you add too much padding? ;-)
[14:36] {dino} idcc pause here at mid .20s
[14:37] {dino} yeah
[14:37] {dino} idcc l .25
[14:39] {dino} stop is .23
[14:40] {nathan} too much spread for me
[14:40] {dino} well, it drops fast
[14:43] {dino} to .38
[14:43] {dino} out +.13
[14:44] {Alexs} Are you in CAT Vad ?
01[14:45] {@Threei}  yeah, holding by fingertips
[14:46] {Alexs} it triggered just now didn't it?
[14:46] {dino} l .46
[14:46] {dino} out .62, +.16
01[14:47] {@Threei}  triggered?
01[14:48] {@Threei}  it triggered above .70
[14:48] {thomcbell} sold some more pva 15.58
01[14:48] {@Threei}  wtg thom
[14:48] {Alexs} wow i took it short .60 by mistake
[14:49] {Alexs} sheesh
01[14:49] {@Threei}  put stop at .66 IMO
01[14:49] {@Threei}  see if SPY helps short side
[14:49] {Alexs} ok thanks
[14:51] {Alexs} you humiliated my libertarian soul I read setup wrong now
01[14:51] {@Threei}  real libertarian will never be humiliated
[14:51] {Alexs} yeah but I'm just a beginner
01[14:52] {@Threei}  oh... so all is not lost for you {G}
01[14:52] {@Threei}  better move over to the sane side while you still can :)
[14:53] {Alexs} do you know that russian joke about Pohuist Party?
01[14:53] {@Threei}  yep, lol
[14:53] {Alexs} that's about me
01[14:54] {@Threei}  that's more sane than libertarianism
[14:57] {Alexs} nemo already knows russian word pohuist (pohooist) I guess :)
01[14:58] {@Threei}  if not, he will in a hurry
[14:58] {nemo} well the root is familiar
01[14:58] {@Threei} Short Setup: IWM  .60 break
01[14:58] {@Threei}  sure, I taught you yesterday what huylo is
01[14:58] {@Threei}  it's the same root
[14:58] {nemo} yep
01[14:59] {@Threei}  If holds  .70 
[15:00] {Alexs} lol
[15:01] {Alexs} huylo it's offensive word
[15:01] {nemo} every russian word I know is offensive
[15:02] {Alexs} pohuist I woould say tender word
[15:02] {nemo} more of a nihilist
[15:02] {Alexs} yeah smth like that
[15:03] {nathan} have a nice weekend
[15:03] {nathan} hope to c u on monday
[15:03] {Alexs} the man who doesn't give a damn
01[15:03] {@Threei}  take care nathan
01[15:08] {@Threei}  market's changing its mind about last hour direction it seems
[15:08] {dino} up or down?
01[15:08] {@Threei}  up
[15:09] {Alexs} or down...
[15:09] {thomcbell} defintitely dull tape 
[15:12] {Alexs} do you watch World Cup Vad?
01[15:12] {@Threei}  no
[15:13] {Alexs} don't like soccer?
01[15:14] {@Threei}  bored in general by watching sports on TC, with rare exceptions
01[15:14] {@Threei}  TV
[15:15] {Alexs} I don't like soccer but World Cup is always interesting
[15:16] {cosmo} 24 hr le mans...
[15:17] {cosmo} tomorrow
[15:17] {cosmo} no?
01[15:18] {@Threei} Long Setup:  IWM  .70 break
01[15:18] {@Threei}  If holds  .80 
01[15:18] {@Threei}  If holds  .60 
[15:20] {Alexs} what is it cosmo car race?
01[15:20] {@Threei}  change to .60 break
[15:21] {cosmo} cars...yes
[15:22] {Alexs} watch only F1
01[15:24] {@Threei}  change to .50 break
01[15:24] {@Threei}  If holds  .45 
[15:25] {cosmo} Marc Webber at le mans this time
01[15:28] {@Threei}  wtf
01[15:30] {@Threei} Long Setup:  CAT  .50 break
01[15:30] {@Threei}  If holds  .40 
[15:31] {nemo} cat looks like spy
[15:36] {dptl} have a good weekend all
01[15:36] {@Threei}  Obama and Harper Discussed Iraq Today
01[15:36] {@Threei}  Harper: want our oil now?
01[15:37] {@Threei}  take care dp
01[15:37] {@Threei}  stop to .44 CAT
[15:39] {Alexs} Keystone is much more importent then Iraq
01[15:40] {@Threei}  1:1  CAT  close enough
01[15:41] {@Threei}  stop tp .54
01[15:44] {@Threei}  ok guys
01[15:44] {@Threei}  hate today
01[15:44] {@Threei}  and whole week is so-so, to say softly
01[15:44] {@Threei}  have a great weekend, see you Monday for a better week
[15:46] {dino} hate it too, last 2 weeks i am flat, pretty much sucks
01[15:46] {@Threei}  we will adjust soon
01[15:46] {@Threei}  not the first time :)