Friday, July 11, 2014

July 11 2014

Nice start to the day:

Session Time: Fri Jul 11 00:00:00 2014
[09:15] {troub} good morning you all
01[09:16] {@Threei}  morning troub
[09:18] {nemo} like fingernails across a chalk board
[09:18] {RonS} gm...screech
01[09:18] {@Threei}  ron :)
01[09:18] {@Threei}  lol
[09:20] {nemo} think wfc tests the whole number
[09:22] {nemo} maybe not
[09:27] {nemo} yep
[09:31] {nemo} touched 51.04 which was the 6/4 close and bounced
[09:31] {nemo} that's also the 50 day
01[09:32] {@Threei} Short Setup: FB  .25 break
01[09:32] {@Threei}  If holds  .35
01[09:32] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  WFC  .10 break
01[09:34] {@Threei}  If holds  .05
01[09:35] {@Threei}  FB got away
01[09:36] {@Threei}  1:1  WFC
01[09:37] {@Threei}  1:2
01[09:37] {@Threei}  1:3
01[09:37] {@Threei}  out .45
01[09:38] {@Threei}  can I go home?
01[09:45] {@Threei} Short Setup: FB  .90 break
01[09:45] {@Threei}  If holds  65
01[09:47] {@Threei}  nope
01[09:51] {@Threei} Long Setup:  GDX  27 break
01[09:52] {@Threei}  If holds  .95
[09:53] {nemo} wfc @suport
01[09:57] {@Threei}  meh
[09:58] {nemo} fb might be short here
[09:59] {nemo} support @ .43
01[10:00] {@Threei}  HAL Signs Joint Venture with SPT Energy Group; this is Halliburton’s first joint venture for hydraulic fracturing services in China
01[10:00] {@Threei} Short Setup: GILD  .70 break
01[10:01] {@Threei}  If holds  .80
01[10:02] {@Threei}  valid
[10:04] {nemo} bbby short
[10:04] {nemo} algo running slow today Vad?
[10:04] {nemo} loco algo
[10:05] {nemo} summer plus weekly op ex
01[10:06] {@Threei}  first 1:4 play said "go home"
[10:06] {nemo} weak:  vfc bbby apa cog
01[10:06] {@Threei}  1:3.5
[10:06] {nemo} strong: ebay
[10:06] {nemo} that must be confusing for you since you are already home
[10:08] {nemo} DVN weak
[10:15] {nemo} QCOM looks short
[10:18] {nemo} finally bbby
[10:18] {nemo} and that's probably it, market looks strong
[10:18] {nemo} relatively anyway
[10:20] {RonS} urs news?
[10:20] {RonS} URS Corp. $URS said working with Citi, DBO Partners on possible sale - Reuters $$
01[10:21] {@Threei}  [URS] Reportedly have held talks to sell company in last few months; have hired advisors to consider sale
01[10:26] {@Threei} Short Setup: FB  .90 break
01[10:27] {@Threei}  If holds  66
[10:28] {nemo} aapl @vwap
01[10:33] {@Threei}  shrug
01[10:33] {@Threei}  typical one trade one kill day
[10:33] {nemo} fb earnings in a coupla weeks
01[10:34] {@Threei}  ?
[10:34] {nemo} glamour stock, probably runs higher into earnings
01[10:34] {@Threei}  does it mean it's not going to drop at all during this time?
[10:35] {nemo} the earth might end too
01[10:35] {@Threei}  we can only hope
[10:35] {RonS} polar vortex next week...
[10:35] {nemo} Kardashians are still alive
[10:35] {nemo} so isn't that Bieber puke
[10:35] {RonS} ...freakin Canadians...
[10:36] {nemo} I think all those migrant Russians in Canada drag the cold air their
[10:36] {nemo} there
[10:36] {RonS} lol
01[10:40] {@Threei}  might be... ukrainians though draw warmth and sun
[10:40] {RonS} hehe
[10:40] {nemo} nah, God lumps you all together
01[10:41] {@Threei}  go to Donetsk and repeat that on central plaza
[10:41] {nemo} I might be obnoxious but I'm not stupid
01[10:41] {@Threei}  oh, and... godspeed. Go toward the light
[10:42] {nemo} toward the brightest light
[10:42] {nemo} the horrors of the Bardo
01[10:42] {@Threei}  actually, these days you won't survive saying that in Kyiv either
[10:43] {nemo} my roof is in Moscow
01[10:44] {@Threei}  come to think of it... that claim won't win you any favors on red square either {G}
[10:44] {nemo} back to the obnoxious vs stupid meme
[10:44] {nemo} fb short now
[10:46] {nemo} nope
01[10:52] {@Threei} Long Setup:  WFC  .40 break
01[10:52] {@Threei}  If holds  .30
01[11:00] {@Threei}  [BBBY] Hearing recent strength attributed to vague chatter than an activist investor could be getting involved
01[11:09] {@Threei} Short Setup: GILD  .50 break
01[11:09] {@Threei}  If holds  .60
[11:18] {nemo} wdc
[11:18] {nemo} looks long
01[11:19] {@Threei}  1:1
01[11:21] {@Threei}  1:2
01[11:23] {@Threei}  1:3
01[11:23] {@Threei}  1:4, out
[11:24] {goinshort} nice V! - thanks
[11:24] {RonS} nice timeing gild story hit at the 15 about Senators asking for reasons for Solvaldi cost
[11:26] {nemo} headline risk worked out
[11:26] {RonS} gild responds:  it's the same reason that you exempt yourself from all the laws you pass...
[11:27] {RonS} adds:  it's also why male dogs lick their balls...
[11:27] {RonS} ...because they can...
01[11:28] {@Threei}  :)
[11:32] {nemo} SHPG
[11:32] {RonS} further, now you invest multi-millions in R&D and suffer the years before fda approval, and invent something that works and is safe...and have some idiot like you ask us why we won't give it away.  Then ban copyrights for all, and see how much investment and innovation you go grill everyone who has a patent and leaves us alone...but if you won't explain to us why you cannot be
[11:32] {RonS} prosecuted and convicted of insider trading and prove to us that you are not short our stock
01[11:33] {@Threei}  nice
01[11:45] {@Threei}  Most Russians not ruling out nuclear war
[11:46] {RonS} vote on a start date?
01[11:46] {@Threei}  Intrade?
[11:47] {RonS} lol...they went bk
01[11:47] {@Threei}  yeah? I missed that
[11:48] {sami_saeed} Good Morning.
[11:48] {nemo} sbux vad
01[11:48] {@Threei}  morning sami
01[11:48] {@Threei} Short Setup: SBUX  .20 break
01[11:49] {@Threei}  actually, .22
01[11:49] {@Threei}  If holds  .30
[11:49] {RonS} wow, expecting a drip eh?
01[11:49] {@Threei}  lol
[11:49] {nemo} no a frickin' Kcup
[11:49] {nemo} IWM testing lows
01[11:52] {@Threei}  - US trading has been volatile this morning after yesterday's rollercoaster ride. As of writing, the DJIA si down 0.17%, the S&P500 is down 0.11% and the Nasdaq is up 0.20%.
01[11:52] {@Threei}  - Fed hawk Plosser minced no words in an interview on the first day of the Jackson Hole conference. Plosser warned that the Fed was falling behind the curve on rates and said he was afraid the FOMC could find itself in a situation where it was forced to play catchup with markets, raising fed funds faster than markets expected.
01[11:53] {@Threei}  - WTI crude is falling even lower this morning, down 1.5% today to $101.30.
01[11:53] {@Threei}  - In Europe, both Portuguese and EU officials have rushed in to reassure markets that the Banco Espirito Santo situation is a one-off and that contagion would result from a limited situation.
[11:53] {nemo} sbux not really participating in this bounce
[11:54] {nemo} oh oh
01[11:54] {@Threei}  stop to .26\
01[11:54] {@Threei}  no need to risk anything here
[11:55] {nemo} lunchtime on a summer Friday, nooope
[12:01] {RonS} don't really know why this is funny but:  BREAKING: Ukraine outlook to stable from negative by S&P; ratings affirmed.
01[12:02] {@Threei}  well, in a way it is
[12:10] {sami_saeed} Friends, I am new here, Just curious what is the difference between discussions & floor.
01[12:11] {@Threei}  #floor is just for the case when IO need to say something uncluttered by the chatter
[12:11] {nemo} Floor separates out the riff raff from the purity of Vad's guidance...His voice alone occupies the floor
[12:11] {nemo} mmmhhh
[12:11] {nemo} I'm not even drinking
[12:13] {RonS} thinkin nemo must be a Bill...
[12:13] {nemo} huh...
[12:14] {RonS} ...since he at leat thinks he is a Shakespeare...
[12:14] {RonS} least
[12:14] {nemo} actually, there is alot of conjecture there was no Shakespeare
[12:14] {RonS} bummer shot to all those festivals...
[12:26] {nemo} wdc, mmight be short here
[12:28] {RonS} and just think of all the actors that will have to go by:  ???? actor
[13:02] {nemo} afternon melt up
01[13:16] {@Threei} Long Setup:  SBUX  .35 break
01[13:17] {@Threei}  If holds  .29
01[13:20] {@Threei}  IWM
01[13:20] {@Threei}  watching for pullback entry
01[13:20] {@Threei}  near 115
01[13:21] {@Threei} Long Setup:  IWM  .05 break
01[13:21] {@Threei}  If holds  .95
01[13:22] {@Threei}  trail to .99 after .10 break
01[13:23] {@Threei}  trail
01[13:26] {@Threei}  take half off
01[13:26] {@Threei}  1:1
01[13:31] {@Threei}  closed on a trail
[13:31] {nemo} how about a 1:10er vad?
01[13:31] {@Threei}  yes sir
[13:31] {nemo} thanks
01[13:32] {@Threei}  gimmie a min sir
01[13:32] {@Threei}  coming right up sir
[13:32] {nemo} np
[13:32] {nemo} privyet
06[13:32] * @Threei slaps nemo around a bit with a large dose of realism in the bottle of Stolychnaya
[13:32] {nemo} actually thinking Qcom short here
[13:32] {nemo} Yeah, thanks, give me the panther piss
01[13:33] {@Threei}  I like QCOM short
01[13:33] {@Threei}  .20 break
01[13:35] {@Threei}  Canadian dollar died horrible death today
01[13:35] {@Threei}  pleasure to see
01[13:36] {@Threei}  10 more days like this, I'll be even happier
[13:41] {nemo} QCOM
01[13:42] {@Threei} Short Setup: QCOM  .20 break
01[13:42] {@Threei}  If holds  .30
[13:44] {nemo} frickin'water torture
01[13:45] {@Threei}  summer friday afternoon
[13:45] {nemo} o.k. heat stroke
01[13:45] {@Threei}  slow like one-legged snail in mollasses
01[13:46] {@Threei}  we did have heat wave over last couple days... in our own way of course
01[13:46] {@Threei}  about 27-28C
01[13:46] {@Threei}  thankfully, in the evening temp drops under 20, crisp and nice
[13:49] {troub}   Putin's Failing Ukraine Scorecard in Forbes.  You might enjoy, Vad
01[13:52] {@Threei}  thanks, reading
01[13:54] {@Threei}  a lot of truth in that article, troub
01[14:02] {@Threei}  Invalidated  QCOM
01[14:03] {@Threei}  *(US) JUNE MONTHLY BUDGET STATEMENT: $70.5B V $79BE - Receipts: $323.6B v $286.6B y/y - Outlays: $253.1B v $170.1B y/y
01[14:04] {@Threei}  isn't it remarkable? receipts grow, great - yet outlays outpace them handily
01[14:06] {@Threei}  QCOM was two-sided, nemo
[14:06] {nemo} yeah, the thought had crossed my mind vwap might be a draw
[14:06] {nemo} needs to hold .30
01[14:06] {@Threei}  mine too but I fainted before I could type it
01[14:07] {@Threei}  effort to think the thought was too much
01[14:38] {@Threei} Short Setup: IWM  .25 break
01[14:39] {@Threei}  If holds  .30
01[14:42] {@Threei}  meh
[14:47] {nemo} could make an argument for that setup again
01[14:55] {@Threei}  you are right'
[14:56] {nemo} wish I had brought up facebook to you
[15:03] {RonS} outta here early...thanks all...nice week returns to normal next week...dino resumes building his fortune  :)
01[15:04] {@Threei}  take care Ron
[15:15] {goinshort} thanks everyone- cya monday
01[15:15] {@Threei}  have a good one gs
[15:16] {goinshort} you too!
[15:17] {troub} yard work calls with 102 "feels like"
01[15:18] {@Threei}  ouch
01[15:18] {@Threei}  ok guys, have good weekend
01[15:18] {@Threei}  see you monday