Thursday, September 20, 2012

Sep 20 2012

A lot of good plays, and another good day. Catch of the day below (although a few playes competed for the title today), call embedded in the chart:




(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html)  


Session Time: Thu Sep 20 00:00:00 2012
[09:04] {jackharry} good morning
01[09:05] {Threei}  morning jack
[09:06] {goryl} gm
06[09:06] * nemo puke
01[09:06] {Threei}  goryl :)
[09:06] {dino} gm
[09:06] {nemo} this is worse than a hangover
01[09:08] {Threei}  dino :)
[09:12] {nemo} QCOR dino
[09:12] {dino} i'm staying away
[09:13] {dino} "better worlds" imo
[09:15] {dino} value added research, ubs cuts bbby target to 71 from 72.60. lol
[09:17] {scottie} GM
01[09:17] {Threei}  {UBS Senior Analyst} why did we have 72.60 in a first place when all my research shows it had to top at 72.57?
01[09:17] {Threei}  scottie :)
[09:18] {RonS} hello everyone
[09:19] {ese} gm
01[09:19] {Threei}  ron, ese :)
[09:20] {Beau} good morning all
[09:21] {Will49} GM to all
01[09:21] {Threei}  beau :)
01[09:21] {Threei}  will :)
[09:22] {ese}  I love Nashville…….would love to live there.
[09:23] {robbers} I live in Nashville, great place.
[09:24] {ese} was there in May robbers...........loved it
[09:25] {robbers} At least we can all agree Nashville is cool.
[09:26] {nemo} I like Asheville
[09:26] {ese} Ashevelle?
[09:26] {nemo} North Carolina
[09:26] {robbers} Much smaller, but nice, too.
[09:26] {cipher} gm
[09:26] {ese} hope to get there one day
01[09:27] {Threei}  cipher :)
[09:27] {ese} beautiful country down there
[09:30] {ese} watching qcor
[09:30] {RonS} nothing matches the view of the channel islands and the volcanic peaks seen from victoria on a clear day imo
[09:30] {ese} L 63 qcor
[09:30] {ese} 27.63
01[09:31] {Threei}  my every day's view Ron :)
[09:31] {ese} out .42
[09:31] {ese} whoa
[09:31] {ese} +.79
[09:32] {robbers} wtg
[09:32] {ese} L .51
[09:32] {dino} gj
[09:32] {ese} out 91
[09:32] {ese} +.40
01[09:32] {Threei} Long Setup:  FCX  .10 break hl
[09:33] {ese} good enough for me........man...moving like lightning
01[09:33] {Threei}  ummm
01[09:33] {Threei}  1:1
01[09:34] {Threei} Short Setup: FCX  .40 break
[09:34] {dolores} nice thxs .16
01[09:34] {Threei}  :)
[09:34] {dino} out fcx .37, +.26 ty vad
01[09:34] {Threei}  If holds  .50
01[09:34] {Threei}  welcome guys
[09:35] {dolores} another .10
[09:35] {ese} nice job boys
[09:35] {dolores} thxs
[09:35] {dolores} short
[09:35] {ese} and girls
01[09:37] {Threei}  no go
01[09:37] {Threei} Short Setup: SLW  .35 break
[09:38] {dolores} all flat?
01[09:38] {Threei}  change to aggressive, .40 break, if holds .45
01[09:40] {Threei}  cover half here
01[09:41] {Threei}  stop to .41
01[09:41] {Threei} Short Setup: POT  .20 break
[09:41] {dino} viab at yesterday hod
01[09:42] {Threei}  If holds  .25
01[09:43] {Threei}  no go POT
[09:43] {ese} I should say not........it's against the law
01[09:43] {Threei}  lol
[09:44] {dolores} out SLW
[09:45] {dino} cymi sm l .50
[09:47] {ese} one heck of a haircut yesterday for qcor
01[09:47] {Threei} Short Setup: DE  81 break hl
01[09:48] {Threei}  If holds  .10
01[09:48] {Threei}  haircut? try beheading
[09:48] {dolores} JCP gave all back today and even further
[09:48] {ese} ya that too
01[09:49] {Threei}  DE still valid
01[09:49] {Threei} Long Setup:  GLD  171 break hl
01[09:49] {Threei}  If holds  .90
01[09:50] {Threei}  Invalidated  DE
[09:51] {nemo} close to bounce time
[09:51] {nemo} l tna .81
[09:51] {nemo} stop under .68
[09:51] {nemo} spy could drop to .60
[09:51] {ese} L qcor .00
[09:52] {ese} small
[09:52] {dino} cymi stop -.30
[09:52] {nemo} scratching
[09:52] {nemo} spy dropping
01[09:53] {Threei}  Invalidated  GLD
[09:53] {nemo} waiting for spy .60ish
[09:54] {nemo} dltr
01[09:54] {Threei}  both actually worked as two-sided... in retrospect
[09:55] {nemo} l .62 tna
01[09:56] {Threei} Long Setup:  GLD  .70 break hl
01[09:56] {Threei}  Invalidated
[09:58] {nemo} 1/2 .72
[09:58] {nemo} this is a battle
01[09:58] {Threei}  struggle for sure
[09:58] {robbers} nice call on tna.
[09:58] {nemo} ty
01[09:58] {Threei}  why didn't we short GLD
[09:58] {nemo} market smells a change in the wind
[09:59] {nemo} offerin .89
[09:59] {dino} swks sm l .14
[09:59] {ese} dino you into qcor at all
[10:00] {nemo} stop is b/e
[10:00] {dptl} gm
[10:00] {dino} no, none avail to borrow, gut says its dead meat
01[10:00] {Threei}  *(US) SEP PHILADELPHIA FED: -1.9 V -4.5E
01[10:00] {Threei}  dp :)
[10:00] {nemo} 1/4 more
[10:01] {dino} in any case ese, great job on it
[10:01] {nemo} target for last 64.15ish
[10:01] {Will49} congrats ese
[10:02] {ese} have another 200shs here at 29.00......am curious to see what this is going to do
[10:02] {nemo} out below .80
[10:03] {ese} I think this things going to cover about 5 bucks or so
[10:03] {dptl} mcp .05 long?
01[10:03] {Threei} Long Setup:  BBBY  63 break small shares
01[10:03] {Threei}  If holds  .85
[10:04] {dino} back in 45 or so, swks hard stop .98
01[10:04] {Threei}  target .45
[10:05] {dolores} not triggered right?
01[10:05] {Threei}  not yet
01[10:05] {Threei}  now it did
[10:05] {dolores} in
[10:06] {dptl} half out mcp
01[10:07] {Threei}  1:1
[10:09] {nemo} stop under .90
[10:10] {Will49} tks Vad +.13
01[10:11] {Threei}  yw
[10:12] {nemo} kss
01[10:12] {Threei}  1:2
[10:12] {nemo} out last .16
[10:12] {scottie} +.28 tks Vad
01[10:12] {Threei}  :)
[10:12] {robbers} ty.
[10:12] {Will49} good one scottie
[10:13] {scottie} ty Will
[10:13] {jackharry} out at .42, thank you
[10:13] {RonS} lest i forget tell dino thanks  swks .11 to .45
01[10:14] {Threei}  target .45 hit, out
01[10:14] {Threei}  welcome guys
[10:14] {Will49} good cal Vad
[10:14] {jackharry} missed the first FCX, had the two stops on FCX and POT, but this got me back to break even
[10:14] {Will49} call
[10:15] {RonS} and 3i thanks bbby +.49
01[10:16] {Threei}  :)
[10:16] {goryl} Vad, ur a psychic:)
01[10:16] {Threei}  some think psycho
[10:16] {jackharry} high on bbby was .45, exactly your call, you should consider doing this for a living
01[10:16] {Threei}  really... :)
[10:16] {goryl} who do you work for??:)
[10:17] {nemo} Sith lord
[10:17] {nemo} force is with him
[10:18] {nemo} frickin' dltr
01[10:20] {Threei}  dolores, you out?
[10:20] {dolores} yes
[10:20] {dolores} today following better
[10:20] {dolores} first day super comfy
[10:21] {dolores} took some time
01[10:21] {Threei}  cool :)
[10:22] {scottie} cag l .75 ?
01[10:22] {Threei}  http://goo.gl/j7Xf4
01[10:22] {Threei}  feels l,ike reversal time close on it
[10:22] {scottie} ok
[10:27] {goryl} nihd
01[10:28] {Threei}  how about that CAG
[10:29] {scottie} you were right as usual, damn
01[10:30] {Threei}  maybe jack's right... I gotta try doing it for a living
01[10:30] {Threei}  but I am so successful at lying at the coach, hard to give that up
[10:31] {Will49} goryl...wouldn't 1000 shares of nihd been great?
[10:32] {goryl} wishful thinking:)
[10:32] {Will49} right on
[10:32] {nemo} should go to 8.45
[10:34] {goryl} nemo, how did you get that target?
[10:35] {dolores} any trade JCP?
[10:36] {nemo} on what, TNQA
[10:36] {nemo} tna?
[10:36] {goryl} nihd
[10:36] {nemo} oh
01[10:36] {Threei}  JCP. .75 break worth a try long
[10:37] {nemo} test of resistance on the daily look at period between july 10 to aug 8th or so, see the daily spike up to test the july drop of support?
[10:38] {nemo} SPY WPP is .28 might pause there
[10:38] {ese} outta here cya tomorrow
[10:38] {scottie} hlf double bottom ?
01[10:39] {Threei}  take care ese
[10:39] {ese} cya vad
[10:39] {Will49} go to bank on way to school:)
01[10:39] {Threei}  HLF yes, but spread is jumpy
[10:40] {goryl} thanks nemo
01[10:43] {Threei}  half out JCP
[10:43] {dptl} btu 24 long?
01[10:44] {Threei}  out in full
01[10:44] {Threei}  not delighted by BTU
01[10:44] {Threei}  took the trade dolores?
[10:44] {dptl} k
[10:45] {dolores} yes but had to cut it before someone called on the phone and had to check things in the computer
[10:45] {dolores} for work
[10:45] {dolores} pity
[10:45] {nemo} we're gonna' close the gap it looks like
[10:45] {dolores} green
[10:47] {dino} .
[10:47] {dptl} hes 55 long?
01[10:49] {Threei}  no energy at all
[10:49] {dptl} ye see it now
[10:54] {scottie} swks l 27 ?
[10:54] {robbers} Vad, checked out your 111 trades course, looks very helpful.  But the discount code didn't work, can you re-post it please?
01[10:55] {Threei}  worth a try, scottie
01[10:55] {Threei}  (discount code edited out)
[10:57] {robbers} Thanks, will sign up today.
01[10:57] {Threei}  :)
[10:58] {scottie} in .02
[10:59] {dino} asml sm l .41
[11:01] {nemo} mjn break of .15
[11:02] {scottie} covered .90 -.12
[11:03] {scottie} sold
[11:03] {robbers} OK, signed up for 111 trades...I'll be making my own calls by tomorrow.  Thanks for the nice discount, being Jewish, will consider it a wholesale Rosh Hashanah special.
01[11:05] {Threei}  lol... you are welcome
01[11:06] {Threei}  don't know about tomorrow, but by Monday for sure
[11:06] {nemo} sucks being a pagan in this room
[11:07] {robbers} Yeah, no trip to the Hamptons for you guys.
[11:08] {robbers} Vad, you didn't tell us the BBBY target was 64.45, mistakenly thought it was 63.45.
01[11:09] {Threei}  oh, i thought it was a given
01[11:10] {Threei}  forgot not everyone's psychic {G}
[11:14] {dino} ihs bit of blood
[11:15] {dino} kmx sm l .26
[11:20] {nemo} think we have a bottom in NSC
[11:22] {dolores} SWKS off lows
[11:23] {dptl} mat  .05 short?
[11:24] {dino} watching it dolores, trig .00 break
01[11:24] {Threei}  MAT, no read
01[11:25] {Threei}  can go either way
[11:25] {dptl} ok
[11:27] {dptl} everything is slowed down...
[11:27] {RonS} not nsc...
[11:27] {dolores} you still in dino?
[11:27] {Will49} time to put on some jazz and smoke a BC flag
[11:28] {dptl} lol
[11:28] {dolores} dont like too much the weakness
[11:28] {RonS} being blunt eh will?
01[11:28] {Threei}  lol... will, why do you think ese left
[11:28] {robbers} lol will.
[11:28] {dino} in what dolores?
[11:28] {dolores} SWKS
[11:29] {dino} no stopped .99 on way down hour ago
[11:29] {dolores} ok
[11:29] {RonS} dino said .00 break trigger...never happened
[11:30] {dolores} Yes i thought he was still in from before Ron
[11:30] {dino} kmx tighten to .14 no like
[11:30] {nemo} in .01
[11:30] {RonS} ahso...got the mibbet boot so did not see
[11:30] {nemo} stop under .90
[11:31] {dino} have to say mirc much better than mibbit, but was tough to load
01[11:31] {Threei}  mirch removes one link fron the connection chain
[11:31] {dolores} on what Nemo?
[11:31] {RonS} have tried twice now and could never get it to work
[11:31] {Will49} I'm having no end of grief trying to load mirc
[11:31] {dolores} 01?
01[11:32] {Threei}  mibbit connects you to our server via mibbit servers
01[11:32] {Threei}  mirc is direct
[11:32] {nemo} .01 NSC
01[11:32] {Threei}  just follow the instructions to the letter
[11:32] {Will49} but once mirc is connected, is it faster?
01[11:32] {Threei}  it works, but have to do every step exactly
01[11:33] {Threei}  it is faster
[11:33] {Will49} I've done it 3/4 times now
[11:33] {Will49} no worky
[11:33] {RonS} lol
[11:33] {nemo} out
[11:33] {nemo} swks
[11:33] {nemo} sorry
01[11:33] {Threei}  come on... there are quite a few people in the very room who did it :)
[11:33] {Will49} i'm a special case
[11:34] {dino} took me couple times will
[11:34] {dptl} strange i've installed mirc number of times in dif. machines never had any problems
[11:34] {dino} i am tech illiterate
[11:34] {scottie} I started using mirc a few days ago and no problems so far
[11:34] {Will49} well, i paid for it so my scottish heritage will keep me focussed
[11:34] {dino} kmx stop
[11:34] {scottie} The sound alert is nice too
01[11:35] {Threei}  you don't even have to ay for it if you don't want to
01[11:35] {Threei}  pay
01[11:35] {Threei}  it'll work
[11:35] {scottie} every time Vad writes the word setup it starts ringing bells
[11:35] {goryl} the sound alert makes a huge difference
[11:35] {scottie} so I miss less setups that way
[11:36] {Will49} that's what I need
[11:36] {Will49} have a wandering mind
01[11:36] {Threei}  hey, you have one... not many can say that
[11:36] {Will49} :D
[11:37] {Will49} how come the mind-less guys can get on mirc?
[11:37] {dptl} lol
[11:37] {dptl} bc flag Will
[11:37] {Will49} now that's worth a try
01[11:37] {Threei}  get dp on dcc, let him walk you step by step
[11:37] {dino} asml to b/e things stuck
[11:38] {dino} ssys sm l .00
[11:38] {robbers} Am trying to figure out how to set alerts for the calls, was that easy for you, Scottie?
01[11:38] {Threei}  next shishlebab gathering you'll owe him a drag from you stoggie
[11:38] {jackharry} I'm still using mibbit, what are the advantages of changing to mirc?
01[11:38] {Threei}  you have mirc running yet robbers?
[11:38] {dptl} well instruction on the site is pretty much whot you need, but make sure you do ekzktly what it says
[11:38] {nemo} look at the games around 66 on NSC
[11:39] {RonS} begging the Q:  About 84% of human genes are active in the brain, findings show
[11:39] {scottie} Right click on Threei
[11:39] {scottie} click on info
01[11:39] {Threei}  jack, mirc is faster and allows sound alert
[11:39] {scottie} go to highlight
01[11:39] {Threei}  so ot rings when I type word setip for instance
[11:39] {scottie} add
01[11:39] {Threei}  you can get all fancy and set different alerts for "long" and "short" if you want
[11:40] {scottie} and follow instructions
[11:40] {goryl} Vad, will u be in the room next thurs and friday?
01[11:41] {Threei}  no
01[11:41] {Threei}  neither Mon
[11:41] {dino} no, vad and i are golfing in myrtle beach next wed-sun
[11:42] {goryl} Mon, Oct 1?
01[11:42] {Threei}  considering I've never held the golf thingy in my hands, dino will have time of his life
[11:42] {dino} indeed
[11:42] {dptl} when are you going?
01[11:42] {Threei}  I'll be back on Tuesday, goryl
01[11:43] {Threei}  leaving Thursday
[11:43] {dptl} i see :)
[11:43] {goryl} ok, hoping to have the account setup by then..
[11:44] {dptl} rio long?
01[11:44] {Threei}  will be tough schedule
01[11:44] {Threei}  .05... yeah
[11:45] {dptl} ye .05 was thinking
[11:45] {dptl} with .95 stop
01[11:46] {Threei}  in Toronto Thu aftrenoon, reception in an hour, starting my speaking gig Fri morning, whole day till 5, dinner after that, leaving for Montreal Sat 10 am
01[11:46] {Threei}  leaving back for west coast Mon morning
01[11:47] {Threei}  severe jet lag till Fri :)
[11:48] {dptl} in rio
[11:48] {robbers} Three, mirc has been a challenge for me, too, am getting it sorted out though.
[11:51] {Will49} Vad, ever tried melatonin for jet lag?
[11:51] {Will49} Used to fly back and forth and it saved my sanity
01[11:51] {Threei}  good idea
[11:51] {nemo} I'd question that assumption WIll
[11:51] {Will49} or was it the BC flag?
01[11:51] {Threei}  lol
[11:52] {dptl} lol
[11:52] {Will49} I know nemo...the moment I typed that I knew you'd be on it
[11:52] {nemo} ;-)
[11:56] {nemo} yeah, now that I think of it, that was kind of unsporting of me...taking advantage of amateurs like that
[11:56] {dptl} took half out rio
[11:56] {Will49} yeah....:(
[11:56] {Will49} bully
[11:56] {Will49} :)
[11:57] {nemo} wuss
[11:57] {Will49} is that a stock or an insult?
[11:57] {cc_8} i think he needs to setup the perform
[11:57] {nemo} try the ticker...you tell me
[11:58] {Will49} I know... v v u s
[11:58] {Will49} you've already used up your insult quota for the day
[11:59] {nemo} don't let me get started
[11:59] {Will49} :/
[12:01] {nemo} think fas break of .10 worth a shot
[12:02] {nemo} partial .25
[12:02] {nemo} just had that look
[12:02] {dptl} i am out rio....got to go see ya tomorrow all
[12:02] {nemo} next partial .39
[12:03] {nemo} look for test of the high, pullback, and break again
[12:03] {Will49} be good DP
[12:03] {dptl} :)
[12:03] {nemo} that was nice
[12:03] {Will49} we have to watch him
01[12:04] {Threei}  take care dp
[12:04] {nemo} stop to b/e
[12:04] {nemo} hfc
[12:07] {nemo} apa break of .70 is probably a long
[12:07] {nemo} hold .60 of course
[12:09] {dino} wtf swks
[12:10] {dolores} report was not that bad on SWKS
[12:10] {dolores} downgrade mayb?
[12:11] {dino} sm l .60
01[12:12] {Threei}  robbers, you are using wrong username
[12:12] {nemo} see 200sma at 25.19 should hold that
01[12:12] {Threei}  [11:55] * robbersss was kicked by ChanServ
01[12:12] {Threei}  see 2 more s?
[12:12] {robbers} Yeah, just got it, am in on mirc.
01[12:12] {Threei}  ok :)
[12:12] {robbers} figuring out alerts now...
[12:12] {nemo} He's from Tennessee...think Deliverance
01[12:13] {Threei}  see will... two more flags, and you are there
[12:13] {nemo} Family tree probably doesn't have branches
[12:13] {robbers} Good, I've been publicly insulted, now an official member of the room.
[12:13] {nemo} out fas
01[12:14] {Threei}  only by nemo, robbers
01[12:14] {Threei}  insults by others are merely nice, no offivial power though
[12:14] {nemo} yeah, everybody just talks about you in dcc
[12:15] {robbers} You mean, I have to be insulted by everyone, don't know if I can handle that without a BC.
[12:15] {nemo} l nsc .34
01[12:15] {Threei}  no, just the opposite
01[12:15] {Threei}  only nemo's insuts are officially instituted as stamp of approval
[12:16] {nemo} stop under .25
[12:16] {robbers} The alert I'm trying to set is for an insult from nemo....but it keeps ringing constantly.
01[12:16] {Threei}  all others are just for pleasure
[12:16] {nemo} oh please, don't start placing yourself on a pedestal
[12:16] {robbers} lol
[12:18] {nemo} partial .49
[12:18] {nemo} stop .24
[12:23] {dolores} whats up with SWKS? anything new?
[12:24] {nemo} http://www.forbes.com/sites/ericsavitz/2012/09/20/skyworks-updates-fy-q4-guidance-shares-take-a-hit/?partner=yahootix
[12:24] {nemo} short to 23.25
[12:26] {dino} strange tho, raises and gets killed
[12:28] {nemo} tna break of .50 worht a try if it holds here aond spy doesnt drop .25
[12:29] {nemo} damn fricin SWKS bounced above my bid
[12:29] {nemo} 2 frickin cents
[12:29] {nemo} was only 100 shares
[12:30] {nemo} tna .51
[12:30] {nemo} damn damn damn
[12:30] {nemo} .02 FRICKIN CENTS!
[12:31] {dino} been there buddy
[12:31] {nemo} Yep
[12:31] {dolores} got 34. cents on it
[12:31] {dolores} very conservative
[12:31] {nemo} where'd you get in?
[12:32] {nemo} .34 cents on 5 or 10 thousand shares ain't chump change
[12:32] {dolores} 23.51
[12:32] {dolores} 23.85
[12:32] {dino} gj d
[12:32] {nemo} out tna
[12:32] {nemo} gonna be a rinse
[12:32] {dino} l .00
[12:33] {nemo} rinse
[12:33] {dino} stop to .20
[12:33] {dino} out
[12:33] {dino} +.20
[12:35] {dolores} jcp smashed
[12:35] {nemo} that's a leaker
[12:35] {nemo} as a mater of fact look at all that stacked on the offer
[12:36] {nemo} short here with a stop at .20
[12:36] {nemo} or stop if it breaks .15
[12:36] {nemo} look at that
[12:36] {nemo} they're curb stomping it
[12:37] {nemo} now that's piling on
[12:37] {nemo} should be able to ride that below 25.50
[12:38] {nemo} helluva a lot more getting sold on the offer than is showing
[12:38] {nemo} hehehehehe
[12:38] {nemo} put a fork in it
[12:39] {nemo} partial here if you took it
[12:39] {nemo} look at that on the offer
[12:39] {nemo} they ain't done
01[12:39] {Threei}  64% Think Too Many Americans Dependent on Government Financial Aid
[12:39] {nemo} swks
[12:40] {nemo} sorry
[12:40] {nemo} would need to stay under .10 to be weak, would expect a rebid here at the whole
[12:41] {nemo} drops the whole, good night to .50ish
[12:42] {jackharry} testing.....in with mirc
[12:42] {nemo} actually might have lied, support on the daily .80ish
01[12:42] {Threei}  A+ jack
01[12:42] {Threei}  will... you have no excuses anymore
[12:43] {Will49} :(
[12:43] {Will49} you mean if jack can do it...anyone can?
[12:43] {jackharry} hey!!
01[12:43] {Threei}  I meran two who had troubles overcame them... :)
[12:43] {Will49} oops...thought I was nemo there for a minute
01[12:43] {Threei}  so put away that flag
01[12:44] {Threei}  open the window
01[12:44] {Threei}  let frsh air in
[12:44] {Will49} guess I'll have to sober up if I'm going to get mirc up
[12:44] {jackharry} Sorry, i know you have already explained this, but how do i get the sound alerts?
01[12:44] {Threei}  hmmm... that's questionable concept
01[12:44] {Threei}  right click on my name
01[12:45] {Threei}  info
01[12:45] {Threei}  highlight
01[12:45] {Threei}  add
[12:45] {nemo} swks l break of .50
01[12:45] {Threei}  self-explanatory from there
[12:46] {nemo} think I'd like to pick it up areound .25ish
[12:46] {jackharry} got it, thanks
[12:50] {nemo} l .25
[12:50] {nemo} partialed .36
[12:51] {nemo} reload above .50
[12:51] {dino} was at .10, no fill
[12:51] {nemo} told ya .25ish!
[12:51] {nemo} I waited for a rebid
[12:51] {dino} lol
[12:51] {dino} gut thinks it gets to 26
[12:52] {nemo} geez where'd ya get that dino
[12:52] {dino} you know
[12:52] {nemo} bought .52
[12:52] {RonS} swks in .22 target .85
[12:52] {dino} took .51
[12:52] {nemo} target 25.75
[12:52] {nemo} Nantucket sleigh ride coming me thinks
[12:52] {RonS} ?
[12:53] {nemo} look it up
[12:53] {nemo} partialed reload .66
[12:53] {RonS} why?  no snow there...
[12:53] {nemo} look it up
[12:54] {nemo} http://en.wikipedia.org/wiki/Nantucket_sleighride
[12:54] {dino} wow
[12:55] {nemo} stop .39 for everything
[12:55] {nemo} Cmon' I wanna' here Neil Diamond in my head
[12:55] {nemo} hear
[12:56] {nemo} financials a drag
[12:56] {nemo} bummer, hole in the boat
[13:00] {nemo} s qcom .94 small
[13:00] {nemo} stop .00
[13:00] {nemo} scalp
[13:02] {nemo} out
[13:02] {nemo} swks
[13:02] {nemo} sorry
[13:04] {dino} ?
[13:06] {RonS} lol...classic...http://www.theonion.com/articles/media-having-trouble-finding-right-angle-on-obamas,2703/
[13:08] {nemo} walking the SPY WPP
[13:08] {nemo} FL
[13:08] {nemo} this a slow train to .60
[13:10] {nemo} esrx
[13:12] {nemo} l swks .05
[13:12] {nemo} stop under the whole
[13:12] {nemo} partial .15
[13:12] {nemo} offering .49
[13:14] {dino} swks sm l .10
[13:17] {RonS} Obama Gallup approval down to 46%, disapproval up to 48% http://bit.ly/JG7Sv
[13:18] {RonS} good thing ese not here
[13:18] {RonS} :( :ese
01[13:19] {Threei}  you know he will laugh last anyway, right Ron?
[13:20] {nemo} ignorance is bliss
[13:21] {scottie} nus s 39 ?
[13:21] {RonS} feerings are bliss
[13:21] {nemo} mmmmhhhhhqcom short here?
01[13:21] {Threei}  I think sp scottie
[13:22] {nemo} swks breks ths .35 then stop to .24
[13:23] {nemo} here comes my partial
[13:23] {nemo} cmon' SWKS or I'll beat you like my nephew
[13:23] {nemo} mmmhhh, didn't like that
[13:24] {scottie} nus not in short list
[13:26] {nemo} out swks
[13:26] {nemo} another hair trade
[13:28] {nemo} oh oh
01[13:30] {Threei}  whatever happens, it's not his fault, ron - he does all he can with nightmare he got. He was drafted for the job, you know
01[13:30] {Threei}  it's useless talking to people whose mind is made up
01[13:30] {Threei}  http://www.youtube.com/watch?v=DVG1q49yPaY
[13:31] {goryl} see u all tomorrow
01[13:31] {Threei}  take care goryl
[13:32] {goryl} Vad, does the room membership automatically renew or do I need to do it every month?
01[13:32] {Threei}  automatically
[13:33] {goryl} ok
01[13:33] {Threei}  it's a hotel california
[13:33] {RonS} swks  looks like13k  jan 26/30 call spread bought for 1.20 or 1.56mil
[13:34] {RonS} BREAKING: AU Optronics fined $500 million for price-fixing conspiracy
[13:35] {dino} ssys to .49, taking hors
[13:36] {dino} hours, lol
[13:37] {dino} to .70
[13:37] {dino} to .80
[13:38] {dino} out major slip ave .69, +.69
[13:44] {nemo} UNP volume coming in, if it can't go up, it's going down
[13:46] {nemo} oh nice.  .91 high there, drops .84 tight stop, like it
[13:48] {dino} that 24.50 area has froze swks
[13:48] {nemo} it should go
[13:57] {RonS} deck has none...
[13:58] {dino} deck drop
[13:59] {nemo} really
[14:04] {RonS} deck sheepish...
[14:08] {dino} sm l .97
[14:09] {dolores} in what dino?
[14:09] {nemo} deck
[14:10] {dino} y
[14:11] {dolores} target?
[14:14] {dolores} out
[14:15] {dino} deck stop -.25
[14:18] {RonS} fb trying to challenge yest highs...
[14:29] {dino} deck rinsed
01[14:32] {Threei}  don't you hate when they do that
[14:33] {dolores} JCP
[14:33] {RonS} chatter about a spain rescue plan tomorrow
01[14:34] {Threei}  meanwhile,
01[14:34] {Threei}  (GR) Greece creditors evaluating another debt haircut in order for the country to achieve sustainability - Germany press- IMF pushing creditors to accept a new haircut that would not involve the ECB or the IMF
01[14:34] {Threei}  usual programming :)
[14:34] {RonS} via stocktwits:    If you think Wall St is all fun and games, try listening to an investor day presentation- an hour so far saying absolutely NOTHING $SWKS
01[14:35] {Threei}  I have better version:
01[14:35] {Threei}  If you think Wall St is all fun and games, you are complete idiot
[14:35] {Will49} lol
01[14:36] {Threei}  or
01[14:36] {Threei}  If you think Wall St is all fun and games, you smoked one BC flag too much
[14:36] {Will49} yeah....:D
01[14:36] {Threei}  (ES) EU in talks over the Spain rescue plan, formulated economic reform program to ease the path towards a Spain request; to be due Thurs, Sept 27 - FT- Reminder: Spain's bank audit report and the Govt's 2013 budget announcement is due Sept 28
01[14:37] {Threei}  I need to write an article on trading and excitment...
01[14:37] {Threei}  maybe after the conference, gotta prepare for it
[14:38] {Will49} If you think Wall St is all fun and games, you ...should be slapped around with Vad's 2X4
[14:39] {Will49} like downhill sking....twenty minutes interrupted by twenty second of sheer terror
[14:39] {Will49} tewnty minutes of boredom, that is
01[14:41] {Threei}  I hink you are almost there to benefit from Taoist Trader, will
[14:41] {Will49} no doubt
[14:42] {Will49} can't afford it right now Vad..have to get a new supply of flags
01[14:42] {Threei}  good to know your priorities are i n order {G}
[14:42] {scottie} bbby ?
[14:43] {Will49} at least scottie is watching the store for us
[14:43] {scottie} nothing else to do, out of flag
[14:43] {Will49} no offence Vad
01[14:43] {Threei}  I'd like to see one more pullback, holding 62, then .15 break for a trigger
01[14:43] {Threei}  right away, not so sure
[14:43] {scottie} I thought of something like that
01[14:44] {Threei}  let it consolidate now, define new resistance to break for a trigger
01[14:44] {Threei}  and hold 62 of course
01[14:44] {Threei}  ideally, a few bacm and forth between 62 and .10
01[14:44] {Threei}  then .10 break
01[14:45] {Threei}  nice aggressive entery for double bottom
[14:46] {scottie} missed it
01[14:46] {Threei}  like charm, although broke a bit too fast
01[14:46] {Threei}  if missed, try to bid .12 - .15
[14:46] {dolores} nothing on spanish papers about rescue yet
01[14:46] {Threei}  it may pull back quickly
01[14:47] {Threei}  there
01[14:47] {Threei}  get it now or forever hold your peace
[14:47] {scottie} in .16
01[14:47] {Threei}  target about .45
01[14:48] {Threei}  stop is so obvious, I won't insult your intelligence
01[14:50] {Threei} Short Setup: MON  91 break
01[14:51] {Threei}  If holds  .15
[14:55] {dino} ipgp drop
01[14:56] {Threei}  die MON
01[14:56] {Threei}  1:2 - 1:3
[14:58] {dino} ipgp sm l .65
[14:58] {nemo} vlo long off tso
01[14:58] {Threei}  BBBY 1:1
[14:59] {scottie} out bbby +.20
01[14:59] {Threei}  conservative entry
01[14:59] {Threei}  a bit of creativity added to a standard trade
[14:59] {scottie} :)
[15:00] {dino} out bbby .29, +.28 ty vad
[15:00] {dolores} BBBY .16
[15:00] {dolores} thxs
[15:00] {dino} opps +.18
01[15:00] {Threei}  yw
[15:01] {dolores} stop MON .16
01[15:01] {Threei}  yes... ideally, it drops to under 91 from here so we can trail to .11
[15:02] {dolores} ok thxs
01[15:02] {Threei}  that working BBBY's entry, glad we could do it real time, illustrates the process of thinking as situation changes
01[15:03] {Threei}  want it this way... no, it shapes up differently... how I adjust to follow the logic of the moveent...
[15:03] {dino} out ipgp .90, +1.25
01[15:03] {Threei}  wow
01[15:03] {Threei}  wtg
[15:03] {dino} got lucky
01[15:03] {Threei}  let's trail MON to .12
01[15:03] {Threei}  it it double-bottoms here, we will cut it there
01[15:04] {Threei}  and if breaks down, it's a nive inverted C&H with great potential
01[15:04] {Threei}  nive = nice
01[15:07] {Threei}  oh well
[15:07] {dolores} out
[15:08] {dolores} rinsed?
01[15:09] {Threei}  who knows
[15:10] {dolores} short again if it breaks 91?
[15:10] {dolores} did not break .15
01[15:11] {Threei}  hard to tell
[15:11] {dolores} ok
[15:13] {RonS} cstr puke during gs conf presentation
[15:23] {dolores} you were right MON
[15:23] {nemo} wow, we probably rip higher tomorrow
[15:26] {scottie} cstr db ?
01[15:29] {Threei}  not sure
[15:30] {scottie} ok
[15:42] {scottie} OK guys, see you all tomorrow
01[15:42] {Threei}  you too scottie
[15:54] {Will49} good evening everyone
01[15:54] {Threei}  thank you all
01[15:54] {Threei}  have a good evening, see you tomorrow
[15:57] {dino} gn
[15:57] {dolores} bye guys see you tomorrow
[15:57] {dolores} thank you !

Wednesday, September 19, 2012

Sep 19 2012


[13:04] {Threei} Short Setup: DO  .50 break
[13:04]   If holds  .55 

[13:08]   let's try and press for about .25


On top of earlier 1:3 DIS long, among others, makes for a very nice day.


(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  )



Session Time: Wed Sep 19 00:00:00 2012

[08:58] {goryl} gm
01[08:59] {Threei}  goryl :)
[09:02] {jackharry} good morning
01[09:03] {Threei}  jack :)
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
[09:14] {scottie} gm
01[09:14] {Threei}  scottie :)
[09:21] {Will49} good morning
01[09:21] {Threei}  will :)
01[09:22] {Threei}  Beijing hints at bond attack on Japan
[09:23] {Beau} good morning all
[09:23] {RonS} james bond?
01[09:23] {Threei}  beau :)
[09:23] {cipher} gm
01[09:23] {Threei}  hmmm
01[09:23] {Threei}  that's a thought
01[09:23] {Threei}  "bond vigilante"?
[09:23] {Will49} Wide awake and sharp so early Ron
01[09:25] {Threei}  now, read this and weep:
01[09:25] {Threei}  (ES) HSBC sees Spain unemployment }30% by end of 2013 - Cinco Dias- - Most optimistic forecast is for 27.9% unemployement by end of 2013
[09:26] {dino} and the world is saved by the politicians, sheesh
[09:27] {Will49} youth unemployment likely twice that
01[09:27] {Threei}  funny how Romney remarks sparked more outrage than ambassador murder
01[09:27] {Threei}  well... not haha funny
[09:27] {ese} gm
01[09:28] {Threei}  ese :)
[09:28] {dino} because media is liberal bias
[09:28] {dptl} gm
01[09:28] {Threei}  dp :)
[09:30] {dino} deck more blood
01[09:31] {Threei} Long Setup:  FCX  .80 break hl
01[09:31] {Threei}  stop is too obvious
01[09:32] {Threei}  no go
[09:33] {ese} nope
[09:33] {dino} deck sm l .70
01[09:33] {Threei} Long Setup:  DIS  .05 bresk hl
01[09:34] {Threei}  If holds  .95
[09:35] {dolores} GM
01[09:35] {Threei}  dolores :)
[09:35] {dolores} DIS triggered?
01[09:35] {Threei}  yes
01[09:36] {Threei} Long Setup:  SLW  .75 break
01[09:36] {Threei}  Invalidated
01[09:38] {Threei} Long Setup:  SLW  .65 break
01[09:39] {Threei}  target 1:2
01[09:39] {Threei}  1:1
01[09:40] {Threei}  DIS target 1:3
[09:40] {dolores} DIS is all times high?
01[09:40] {Threei}  no
01[09:40] {Threei}  was higher since Sept 13
[09:41] {dolores} ok
01[09:41] {Threei}  SLW, scalpers win
[09:41] {dino} out deck .21, +.51
01[09:42] {Threei}  wtg
[09:42] {dino} ty
01[09:42] {Threei} Short Setup: GLD  .60 break hl
01[09:42] {Threei}  If holds  .70
01[09:43] {Threei}  Invalidated
[09:45] {dino} qcor drop
01[09:45] {Threei}  GLD is back
01[09:45] {Threei}  in
[09:45] {dptl} kft .80 long?
01[09:46] {Threei}  I think so
01[09:47] {Threei}  GLD target 1:3
01[09:47] {Threei}  ha;f out
01[09:47] {Threei}  stop to .62
01[09:48] {Threei}  1:3
01[09:48] {Threei}  out
[09:48] {dolores} wow nice missed  it
[09:48] {dolores} saw it too late
[09:48] {jackharry} out at .32, only small, but they all count! Thanks
01[09:48] {Threei}  how?/ it was there for a minute after I said it was back?
01[09:48] {Threei}  jack :})
[09:48] {scottie} gld +.20 ty Vad
01[09:48] {Threei}  welcome guys
[09:48] {dolores} when I saw the message
01[09:50] {Threei}  National Daily Tracking: #Romney: 47%, #Obama: 46%
[09:50] {dolores} wow gold tanking?
01[09:50] {Threei}  hmmm... by now effect of that tape should have revealed itself if it were there
01[09:51] {Threei}  if no reaction tom orrow, it's over
01[09:52] {Threei} Long Setup:  FCX  .35 break
[09:53] {dolores} in
01[09:54] {Threei}  target 1:2
01[09:55] {Threei}  1:1
[09:55] {dino} asml sm l .78
01[09:56] {Threei}  scalpers win
01[09:56] {Threei}  most likely rinse for the balance
01[09:58] {Threei} Short Setup: SLW  .60 break
01[09:58] {Threei}  If holds  .65
01[09:59] {Threei}  change to .70 break after it goes above it
01[09:59] {Threei}  if holds .75
01[10:02] {Threei}  in
01[10:02] {Threei}  half out
[10:02] {dino} asml to .20
01[10:02] {Threei}  sheesh, this thing can be fast
01[10:02] {Threei}  closed balance
01[10:03] {Threei}  slightly positive, almost a wash
[10:03] {dino} out asml .35, +.57
[10:03] {scottie} gm long 25 ?
01[10:03] {Threei}  ok DIS, look alive, will ya?
01[10:04] {Threei}  I would really prefer pullback entry on GM
[10:04] {scottie} ok
01[10:05] {Threei}  General Motors Corp Exec: Reducing dealer inventories in North America, earlier increases were primarily related to truck build-up - Citi conf slides- Expects dealers to have 650K in inventory by December
[10:05] {dolores} http://www.bloomberg.com/news/2012-09-19/romney-reframes-donor-remarks-while-refocusing-on-economy.html
01[10:07] {Threei}  can I change my answer on GM?
[10:08] {dino} qcor working on that early sept gap
01[10:09] {Threei}  took its sweet time
[10:09] {dptl} vrx .10long?
01[10:09] {Threei}  VRX, yes, half lot
[10:10] {dptl} in
[10:13] {dino} wow qcor
[10:14] {dptl} stopped vrx
[10:15] {dino} gap filled
[10:16] {scottie} lrcx C&H ?
01[10:17] {Threei}  yes but needs to consolidate closer to breakout
[ 01[10:17] {Threei}  desirably above .35
[10:17] {goryl} qcor?
01[10:18] {Threei}  Cotron rsearch on QQCOR, goryl
[10:18] {dino} smr l .70 widetyc
[10:18] {dino} tyc spike
01[10:20] {Threei}  come on DIS, tag 1:2
[10:24] {dptl} mcp 14 short?
01[10:25] {Threei}  I would rather go for .05, dp
[10:25] {dptl} .05 short ?
01[10:25] {Threei}  yes
[10:26] {dptl} with .
[10:26] {dptl} with .15 stop
01[10:27] {Threei}  1:2
01[10:27] {Threei}  1/4 more out
01[10:28] {Threei}  nice slow climber
[10:29] {Will49} :D
01[10:30] {Threei}  *(US) DOE CRUDE: +8.5M V +500KE;
[10:34] {RonS} cstr spilling coin
01[10:35] {Threei}  good one ron
01[10:35] {Threei}  just doesn't work for those who don't know what CSTR does :)
01[10:35] {Threei}  wow MCP
[10:36] {dptl} ye but invalidated first
01[10:36] {Threei}  yes, dropped with no clear setup
[10:37] {dptl} what about len .20 short ?
[10:37] {Will49} good example of capitulation eh Ron?
01[10:39] {Threei}  no clear setup on LEN
01[10:39] {Threei}  anyone is still in DIS?
[10:39] {RonS} $CSTR Chanos Bearish
[10:40] {jackharry} No, out on the last pullback under .20
[10:40] {RonS} wow oil sub $93
[10:40] {scottie} yes
[10:40] {Will49} would have thought Dino would have been all over CSTR
01[10:40] {Threei}  I play it by the book
[10:40] {scottie} partialled at .15 and .25
01[10:40] {Threei}  stop .14 at this point
01[10:40] {Threei}  yup
[10:40] {RonS} may have stepped away will
[10:43] {RonS} new slang...i've been Q'cored...
[10:43] {goryl} wow, is qcor going bankrupt today:)
[10:43] {Will49} :O
[10:44] {Will49} Ron..you crazy guy:)
[10:45] {nemo} hope everyone is having a sucky morning
[10:45] {dino} 07 is just lit up w/red qcor scrolling
01[10:45] {Threei}  not really nemo
[10:45] {nemo} what is the news
01[10:46] {Threei}  on what?
[10:46] {dino} aetna dropped their only drug
[10:46] {scottie} abx s .50 ?
[10:46] {RonS} ese's been having fun...being smacked around by 3i for his O'adulation...
01[10:46] {Threei}  not sure scottie...
[10:46] {RonS} :)
[10:46] {Will49} O'adulation....love it!
[10:46] {scottie} ok
01[10:47] {Threei}  well, ese will have his moral satisfaction on election day
01[10:47] {Threei}  'cause his guy will win
[10:47] {RonS} qotd yesterday:  I wish Obama would run the country as hard as he runs for office
[10:48] {RonS} chicagosean penned it
[10:48] {Will49} you gonna start these guys going again on
[10:48] {Will49} Ron
01[10:49] {Threei}  lol, but I disagree: considering how ruinous his policies are I prefer him to be lazy
[10:49] {ese} hmmmmmmm.....I do get smacked around alot on the board and really enjoy it.........and the other thing i enjoy is the political arguments as varried as they may be because..believe it or not..........i've made a shit load of money here..........wanna get back to this tomorrow because i think it's important there Beau
[10:49] {nemo} whr
[10:49] {ese} have an appointment cyou tomorrow
01[10:50] {Threei}  take care ese
[10:50] {Will49} get your cuts and bruises looked after ese
[10:50] {ese} cya vad will et al
[10:53] {scottie} gis l .05 ?
01[10:53] {Threei}  Coinstar Inc Weakness attributed to cautious comments at Northland Securities
01[10:54] {Threei}  I doubt it
01[10:54] {Threei}  a bit jellyfishy
[10:54] {scottie} ok
[10:56] {dino} deck sm l .60
[10:56] {dino} ssys sm l .10
[10:59] {scottie} out dis +.29 ty Vad
[11:00] {RonS} classic nasdaq misses the halt on qcor by $17 on the downside but halts it for its 10% upside move
[11:00] {Will49} good job scottie
01[11:00] {Threei}  yw
01[11:00] {Threei}  closed it too, 1:3 reached
[11:00] {scottie} will :)
01[11:00] {Threei}  took its time but worked like charm
[11:01] {dino} asml sm l .65 stop .54
[11:02] {dptl}  lrcx .50long?
01[11:02] {Threei}  looks good to me
[11:05] {dino} deck stop -.20
[11:06] {dino} ssys to .74
[11:07] {dino} out .73, +.63 ssys
[11:07] {dptl} expe .60 long?
01[11:08] {Threei}  half lot
01[11:08] {Threei}  EXPE can be jerky
[11:11] {dptl} in lrcx
[11:12] {scottie} ryl l .60 ?
01[11:13] {Threei}  spread is jumpy...
01[11:14] {Threei}  I'd stay away
[11:14] {scottie} ok
[11:14] {dptl} in expe
01[11:15] {Threei}  nice
01[11:15] {Threei}  1:1
[11:15] {dptl} half out
[11:17] {dptl} all out
01[11:18] {Threei}  perfect
[11:18] {scottie} beautiful dp :)
[11:18] {Will49} wtg dp
[11:18] {dptl} ty...waiting for lrcx now
[11:21] {dino} gj
[11:21] {nemo} nke
[11:23] {nemo} nke
[11:24] {dolores} any special news for this spike?
[11:24] {RonS} prob europe about to close...
01[11:24] {Threei}  not really
[11:25] {RonS} took asml for +.30  thanks dino
[11:26] {nemo} cat
[11:26] {dino} asml to .93
[11:26] {dino} gj ron
[11:26] {dptl} half out lrcx
01[11:27] {Threei}  very nice back to back wins
[11:27] {nemo} nke drops .60 probably goes to .30ish
[11:28] {dino} out asml .95, +.30
[11:29] {RonS} gmcr breaking a tight range and looking to squeeze
[11:31] {dptl} out lrcx
[11:32] {scottie} gj dp
[11:32] {dptl} ty
[11:33] {RonS} wow look 2 yr daily on shw...whoda thunk
[11:36] {scottie} aol l .50 ?
01[11:38] {Threei}  late
[11:38] {scottie} wow
[11:38] {Will49} good idea scottie
[11:42] {dptl} how about .70 break now lrcx if holds .60?
[11:43] {dptl} in .72
01[11:44] {Threei}  can't tell here
[11:44] {dptl} better work :)
[11:45] {jackharry} Just got a message on Laser warning to be careful on QCOR!!
[11:45] {RonS} timely
[11:45] {nemo} This is not the indicator you're looking for. - Jedi Mind Trick
[11:52] {dolores} Oppenheimer defending the stock
[11:52] {dolores} QCOR
[11:52] {dolores} jack you in?
[11:52] {jackharry} no, stayed away, just watching
[11:53] {dolores} ok
[11:53] {dolores} me too
[11:53] {dolores} those days are over for me
[11:53] {jackharry} yes, that's what i was thinking, me and you have bad experiences of stocks like this!
[11:54] {dolores} yesssssssss
01[11:55] {Threei}  it's almost like have some mesmerizing effect on traders
[11:55] {nemo} of course Oppenheimer is going to defend the stock
01[11:55] {Threei}  just have to trade them
[11:55] {nemo} They probably have a shit ton of it
[11:55] {dptl} half out lrcx
[11:55] {scottie} lrcx +.10 tks dp
01[11:55] {Threei}  so is Piper and jefferies
[11:55] {Will49} tks DP on lrcx +.10
[11:56] {dptl} lol...i am Vad now
01[11:56] {Threei}  there is so many plays with clean setups and easy money,
[11:56] {Will49} :)
01[11:56] {Threei}  as dp demonstrates
[11:56] {dolores} well probably go back to 40 then
[11:56] {RonS} qcor 55 mil outstanding, 36 mil sh traded today
01[11:56] {Threei}  but no, we feel we need to be heroes and trade those overheated ones
01[11:57] {Threei}  I mean look at DIS, LRCX, EXPE
01[11:57] {Threei}  one common trait for all of them:
01[11:57] {Threei}  they are not glamorous
01[11:57] {Threei}  they are boring
01[11:57] {Threei}  oh, and profitable
[11:57] {RonS} meantime in gmcr at .55 stop to .85
[11:57] {dptl} all out
01[11:59] {Threei}  I'd venture to suggest that good trading should be boring
01[11:59] {Threei}  because it's routine
[11:59] {Will49} and fits my personality
01[11:59] {Threei}  not an invention of the wheel with every next trade,
01[12:00] {Threei}  just following the routine, well established, reserached and practiced
01[12:00] {Threei}  see setup - take setup
[12:00] {RonS} out gmcr +.30
01[12:00] {Threei}  wait for the market to tell you which it is, profit or stop,
[12:00] {Will49} wtg Ron
01[12:01] {Threei}  take either with no hesitation and go look for next
01[12:01] {Threei}  nice one Ron
[12:01] {RonS} ty
01[12:01] {Threei}  finish your boring day, yawn all the way to the bank,
[12:01] {Will49} dp...looks like lrcx wants to close opening gap
[12:01] {scottie} dp everytime you go out, that damn lrcx goes up
01[12:01] {Threei}  and if you need excitement - find it after market closed
[12:01] {dptl} lol  ye
01[12:02] {Threei}  after all, no one canceled bar fights and one night stands
[12:02] {Will49} lol
[12:02] {Beau} my wife cancelled mine
[12:02] {Will49} I'm limited to bar fights now
[12:02] {RonS} gmcr...someone had 176k offer at .46...when that got taken out and held .50 figured it had to go
01[12:08] {Threei} Short Setup: MOS  .50 break
01[12:09] {Threei}  If holds  .60
01[12:09] {Threei}  target 1:2
[12:19] {nemo} .60 level lvs
01[12:22] {Threei}  no worky
03[12:25] * Retrieving #discussions modes...
[12:29] {dino} cstr sm l .26
[12:30] {dino} fadebook luv
01[12:34] {Threei} Long Setup:  CAT  .02
01[12:35] {Threei}  If holds  .95
01[12:35] {Threei}  half out
01[12:35] {Threei}  stop .99
01[12:36] {Threei}  gota take scalps this time of the day
01[12:45] {Threei}  or not tighten stops that fast :)
[12:46] {dino} deck sm l .60
[12:46] {scottie} took +.08 on cat ty Vad
01[12:47] {Threei}  yw
[12:48] {RonS} cstr 200k block just posted at .40
[12:49] {scottie} should have waited of course
[12:49] {RonS} wow renn
01[12:49] {Threei}  hey, you stayed wth DIS for the whole ride - that must have exjausted your patience for the day
[12:49] {scottie} :)
01[12:51] {Threei}  CNBC hype RENN, Ron
01[12:51] {Threei}  (US) Senate Finance Committee Chair Baucus (D-MT) calls for Bernanke to meet in closed door session to describe impacts from fiscal cliff outcomes- Sees questions being asking regarding QE3 decisions - Hopeful Bernanke will call on Congress to 'phase in' deficit cuts and reiterate the need for fiscal adjustments - Reminder: Yesterday reports indicated that Bernanke would be meeting with the Senate Finance committee today
[12:52] {dptl} got to leave early....see ya tomorrow all, have a good one
[12:52] {scottie} dp
01[12:52] {Threei}  take care dop, nice trading today
[12:52] {dptl} ty
[12:53] {jackharry} Dolores, if we had have traded QCOR we would have averaged down a load of times, got the average down to 36.36 and had our sell orders ready at that price to offload all but our original shares at 12.09 p.m.  You know that's how it would have worked out!
[12:53] {dptl} dop...lol
01[12:53] {Threei}  hah
01[12:53] {Threei}  sounds so familiar
01[12:53] {Threei}  sorry dp, fat fingers... neighboeing ketters :)
01[12:54] {Threei}  jack, this should sound awfully familiar to you:
01[12:54] {Threei}  http://blog.realitytrader.com/2009/06/averaging-down-yea-or-nay.html
01[12:54] {Threei}  scenario #1
[12:56] {jackharry} yep, been there!
01[12:56] {Threei}  (GR) Troika said to have accepted approx �8.5-9.5B worth of cuts to Greece fiscal situation; talks ongoing - financial press- Reminder: Earlier reports indicated that Greece and Troika narrow differences on budget cuts, but still searching for �2B in cuts, hoping to finalize agreement by Sunday, Sept 23
01[12:56] {Threei}  they can agree on 100B cuts as well
01[12:56] {Threei}  or 500B
01[12:56] {Threei}  it's not going to happen anyway
01[12:57] {Threei}  Greece can't sustain today's situation, let alone more cuts
[12:57] {dino} crazy that they loan knowing they will not be paid back
[12:57] {dino} taxpayer $ i guess
01[12:58] {Threei}  Kramer: They write it all off Jerry!
01[12:59] {Threei}  Lazard joined the choir of QCOR defenders
[12:59] {dino} they need to get out
[12:59] {dino} i go w/aetna, wlp next
[13:01] {scottie} aol l 35 ?
01[13:02] {Threei}  nah
01[13:02] {Threei}  not inless it onsolidates for a few minutes
[13:02] {scottie} tks
01[13:04] {Threei} Short Setup: DO  .50 break
01[13:04] {Threei}  If holds  .55
01[13:08] {Threei}  cover half near .40
01[13:08] {Threei}  let's try and press for about .25
[13:08] {scottie} missed it, was a bit late and didn't wanna chase
01[13:13] {Threei}  half out
01[13:13] {Threei}  stop to .51
[13:15] {dino} deck to .95
01[13:15] {Threei}  1/4 more around .32 - .33
[13:15] {dino} out +.35
01[13:18] {Threei}  out 1/4 more
01[13:18] {Threei}  stop to .41
01[13:18] {Threei}  and bid .25 for the last piece
[13:25] {dino} cstr stop -.07
01[13:26] {Threei}  out last 1/4
01[13:26] {Threei}  clean and calm trade
01[13:27] {Threei}  this is advantage of these setup-based trades over enotion-based QCOR type :)
01[13:27] {Threei}  emotion too
01[13:27] {Threei}  "it can't go any lower!"
01[13:27] {Threei}  oh yes, it can, and does
[13:28] {Beau} very nice vad. no fill at .48 for me, but to watch
01[13:28] {Threei}  ovesold gets oversolder, before it gets oversoldest... and then it sells some more
[13:28] {jackharry} missed DO, nipped out to get something to eat, but very nice
[13:29] {Beau} fun to watch
01[13:31] {Threei}  visual: http://goo.gl/vC02p
[13:31] {goryl} thanks Vad, see u tomorrow
01[13:31] {Threei}  yw, take care
[13:34] {nemo} ocn
[13:36] {Beau} vad i'm getting more comfortable with setups but big trouble screening to find.  Where/how to learn more about finding stocks watch for setups
[13:36] {nemo} screen time
[13:36] {nemo} screen time
01[13:36] {Threei}  scanner
[13:36] {nemo} screen time
[13:36] {nemo} and that too
01[13:37] {Threei}  *(US) MOODYS REAFFIRMS US NEGATIVE OUTLOOK; CITING ONGOING MACROECONOMIC RISK AND BUDGET ISSUES
01[13:37] {Threei}  how do you find them if you don;t have a tool finding them :)
[13:41] {Beau} meaning intelliscan?
01[13:41] {Threei}  to me, yes
01[13:41] {Threei}  there are otjers but none that I know offers this kind of ppower for this kind of rpice
[13:41] {Beau} then howto use?
01[13:42] {Threei}  ?
01[13:42] {Threei}  you get a lot of alerts from the scanner
01[13:42] {Threei}  pick those that you like
[13:42] {Beau} need to take another look at it.
01[13:42] {Threei}  adjust criteria to your liking if its too broad
01[13:43] {Threei}  as I use it now, it has 15 alert windows
01[13:43] {Threei}  I don't think you need all of them
01[13:43] {Threei}  and no one needs all of them all the time
[13:45] {Beau} and your screens are available to look at, right?
01[13:45] {Threei}  sure, you get my layout
[13:45] {Beau} ok.
01[13:45] {Threei}  and see what I see
01[13:46] {Threei}  some screens are quite exotic,
01[13:46] {Threei}  for instance, there is a newer one called "social networks in action"
[13:46] {scottie} jcp s 29 ?
01[13:46] {Threei}  O'd use .05
01[13:47] {Threei}  it shows stocks that are actively discussed by twitter etc
01[13:47] {Threei}  QCOR fills it up today :)
[13:48] {dino} asml sm l .60
[13:48] {scottie} .10 stop ?
01[13:48] {Threei}  above it, yes
[13:49] {nemo} need .30 stop me thinks dino
[13:50] {dino} asml? stop .49
01[13:50] {Threei}  QCOR halted
[13:50] {nemo} look 7/25
01[13:50] {Threei}  news pending this time
[13:50] {scottie} not in short list
01[13:50] {Threei}  official comment from company is coming
[13:51] {dino} ok i see that
[13:51] {nemo} just sayin'
[13:52] {dino} appreciate it nemo, you eye is good
[13:54] {dino} crr sm l .72 gappy
[13:55] {nemo} amazing how many stocks are just grinding
[13:56] {dino} for me, aug moves were better
[13:56] {nemo} much, especially the indexes
[13:57] {nemo} basically IWM has been walking the weekly pivot this week.  I feel like Bill Murray
[13:58] {dino} cymi lod
[13:59] {dino} for "ox" week, things have been calm
[14:00] {nemo} so, most of the index options must be in this area
[14:00] {dino} thats what i'm thiking
[14:00] {dino} you pickedup on my "ox" term
[14:01] {nemo} yeah, I'm thinking like you, you're thinking like me...suicide becomes a viable option
[14:01] {dino} well, it's a good day to die, and the days not over yet
[14:01] {nemo} what movie is that from?
[14:02] {dino} star trek, wrath of kahn i think
[14:02] {nemo} ahhh...it's the samurai meditation also
[14:02] {dino} or maybe worf said it in next gen
[14:05] {scottie} glad to see jcp doing well without me
[14:06] {RonS} dino, the indians said it whenever they had a speaking part in 50% of the westerns
[14:07] {dino} huh, never picked up on that
[14:07] {RonS} before pc of course...in '40's-60's
[14:07] {nemo} tna worth a try
[14:08] {nemo} break .05
[14:08] {dino} ahhh. my fav western didn't have indians in it, tombstone
01[14:08] {Threei}  in korean westerns too Ron?
[14:08] {nemo} I'll be your huckleberry
[14:08] {RonS} lol
[14:08] {dino} awesome lines in that
[14:08] {nemo} Yeah, Jonny Ringo was not happy when he showed up
[14:09] {RonS} saw keitel in 1993 sean connery movie...
[14:09] {dino} looked like someone just walked over your grave
[14:09] {RonS} ...hey detective, want some sushi?...
[14:09] {RonS} ...keitel:  if i want mercury poisoning i'll chew on a thermometer..
[14:10] {dino} lol
[14:10] {scottie} cc_8 you're here?
[14:10] {dino} you tell them i'm coming, and hell's coming w/me
[14:11] {nemo} Wyatt Earp
[14:11] {dino} y
[14:13] {dolores} any short MOSS
[14:13] {dolores} Below .70?
01[14:13] {Threei}  MOSS?
[14:13] {dolores} sorry MOS
01[14:14] {Threei}  don't see any setup there
[14:14] {dolores} ok thxs
[14:19] {nemo} first partial .20ish
[14:24] {scottie} qihu l 25 ?
[14:25] {nemo} stop to B/E now
01[14:25] {Threei}  too narrow
[14:25] {scottie} tks
[14:25] {RonS} amazing conclusion when you investigate yourself:  Investigation: No evidence US Attorney General Eric Holder knew of 'Fast and Furious' gun-running sting
[14:27] {RonS} qotd:  LMAO ! Got his ass whooped by a girl }}} Iran Cleric Pummeled by ‘Badly Covered’ Woman After Warning http://bloom.bg/Rt0rRC
01[14:27] {Threei}  signed: E. Holder. Forwarded for fact-checking to: E. Holder. Checked and verified by: E. Holder
[14:27] {dino} sweet
[14:28] {nemo} VIAB
[14:28] {nemo} wtf!!!!
01[14:29] {Threei}  Badly Covered Woman turned out well-saved Navy Seal?
01[14:29] {Threei}  shaved
[14:30] {scottie} lol
[14:34] {dino} viab sm s .54
[14:36] {scottie} rcl s .35 ?
01[14:38] {Threei}  yup
01[14:38] {Threei}  with .43 stop
[14:39] {scottie} can't short it
01[14:39] {Threei}  go long .43 then
[14:40] {nemo} what's the news on viab
[14:40] {dino} stop viab -.33
[14:40] {dolores} could not find any
[14:41] {dolores} merger or take over rumors?
[14:41] {dolores} something must be
01[14:41] {Threei}  nothing here either
[14:42] {dolores} Questcor does not believe Aetna policy bulletin will have material impact Questcor Pharmaceuticals (QCOR) commented on information regarding an insurance policy bulletin issued with respect to the company's primary product H.P. Acthar Gel. The company said it is continuing to review the Clinical Policy Bulletin related to Acthar from Aetna (AET). Currently, Q
[14:42] {dolores} questcor will reume 3.05
[14:42] {dolores} resume
[14:42] {nemo} viab broke c&H on weekly
[14:44] {scottie} can't buy either, must have problem with Laser
[14:45] {dino} i can't find news
[14:45] {nemo} short it under .40
[14:45] {nemo} next after that is .70ish
[14:46] {nemo} yep touched .40
[14:46] {dino} re-load s brake of .20
[14:47] {nemo} hi of 54.401
[14:47] {nemo} hehehehe
[14:48] {nemo} .68 next stop if it breaks .40
[14:49] {nemo} short .29
[14:49] {nemo} stop above high
[14:49] {nemo} yowza
[14:50] {dolores} I am not afraid of shorting
[14:50] {dolores} I get worried might get halted
[14:50] {nemo} god bless ya'
[14:50] {nemo} frig me
[14:50] {dolores} on some new
[14:50] {dolores} news
[14:50] {dolores} when they move like this there must be a rumor
[14:51] {nemo} this may be a technical break, look at the weekly
[14:51] {dolores} how is the volume ?
[14:53] {dolores} media companies up today
[14:54] {dolores} maybe you are right and its technical
[14:55] {nemo} is viacom still tied to aol?
[14:59] {dino} asml to flat
[14:59] {dolores} I think is all times high
[14:59] {dolores} VIAB
01[15:01] {Threei}  QCOR resumes in a few min
01[15:02] {Threei}  4'
[15:04] {nemo} yelp ripping
[15:05] {dino} viab to .04 things nuts
[15:05] {nemo} perfect fit for you then
[15:06] {nemo} sorry
[15:06] {nemo} not really
[15:06] {dino} ok, it dshould have dropped hard on .00 break
[15:06] {nemo} speaking of nuts, what's up with Magoo
[15:06] {nemo} ?
[15:06] {dino} dk
[15:06] {nemo} oh
[15:06] {dolores} thought the company statement was to hold the stock
[15:06] {nemo} wife bury him on the back 40?
[15:07] {dino} perhaps
[15:07] {nemo} lucky bastard
01[15:07] {Threei}  doesn't look like QCOR convinced anyone
[15:08] {dino} to .90 viab
[15:08] {nemo} look de on daily
[15:09] {dino} asml to .71
[15:10] {dino} cov viab .90, +.30
[15:11] {dino} z spike
[15:14] {dino} out asml .74, +.14
01[15:21] {Threei}  Viacom Inc. Moves higher after CEO makes positive comments at Goldman Conf- Notes particular strength in scatter pricing (rising in mid teens over upfront rates)
01[15:21] {Threei}  there you go
[15:21] {nemo} sell the rumor
[15:23] {scottie} gotta go, see you all tomorrow
01[15:23] {Threei}  take care scottie
[15:23] {Will49} peace scottie
[15:24] {Will49} peace, order and good government
01[15:25] {Threei}  address?
01[15:25] {Threei}  x on a map?
[15:25] {Will49} Parliament Hill
[15:25] {Will49} at least relatively speaking
01[15:26] {Threei}  unless next election results in NDP givt :)
[15:26] {Will49} agreed
[15:26] {Will49} Leader is a sharp guy
[15:27] {Will49} NDP Leader
[15:28] {Will49} At my age, I should be voting NDP, but will die first
[15:31] {dolores} that AETNA  styops covering means patients will not buy it through health policy and have to use another drug?
01[15:33] {Threei}  that's the gist of it
[15:33] {dino} correct. plus if aetna stops covering, so will wellpoint, cigna, etc
[15:33] {dolores} ok
[15:33] {dolores} so people will have to pay it of their own pocket
[15:33] {RonS} more damning imo aet not covering because seeing no efficacy
[15:34] {dolores} ok
01[15:34] {Threei}  plus one more thing:
01[15:34] {Threei}  On July 10th, Citron suggested QCOR should drop to a single digit stock within 18 months, noting that the active ingredient in its lead product is widely available in a generic form.
[15:34] {dolores} ok
[15:35] {RonS} jcp spike
01[15:35] {Threei}  JC Penney Company Inc (Holding Co) CEO: A total of 12 "shops" are being implemented at JC Penny stores; new "shops" are comping 20% better than the rest of the store - analyst conf- Sephora "shop" continues to improve, Sephora is thrilled with their much better improvement. - Levi's was one of our first "shops", Levi's is seeing double-digit comp gains, well above plans. - Impact of the "shops" will be much greater next holiday as deployed number of "shops" reaches 40.
[15:37] {dolores} everyone covering
[15:44] {dolores} almost giving all the spike back
01[15:53] {Threei}  OK guys, thank you all
01[15:53] {Threei}  have a good evening, see you tomorrow
[15:53] {dolores} thxs vad
[15:53] {dolores} see you tomorrw
[15:54] {Will49} take care Vad
[15:54] {dino} gn all, thx for ideas
[15:54] {Will49} Bye Dino

Tuesday, September 18, 2012

Sep 18 2012


No comments needed but this:

[10:12] {Threei} Short Setup: MOS  .70 break
[10:12]  If holds  .80 
[10:13]  target 1:3





(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html)  




Session Time: Tue Sep 18 00:00:00 2012
01[08:51] {Threei}  Fed's Evans: The economy faces a demand problem, not a structural problem.
01[08:51] {Threei}  idiot
[08:54] {dino} gm
01[08:54] {Threei}  dino :)
[09:00] {dino} db gap filling
[09:03] {jackharry} good morning
01[09:03] {Threei}  jack :)
[09:04] {goryl} gm
01[09:05] {Threei}  goryl :)
[09:13] {nemo} book night is painful
[09:15] {dino} ?
[09:15] {RonS} *
[09:16] {nemo} Monday nights I'm in a group that reviews and edits book projects.  It usually includes a bottle of Cognac, Single Malt Scotch, etc.
01[09:17] {Threei}  must be very tough
[09:17] {dino} ahhh, you poor b@stard
[09:17] {RonS} good news:  Harvard graduates now earn less than those from the South Dakota School of Mines & Technology
[09:18] {Beau} good morning all
[09:18] {RonS} any of you guys watching "Copper" on BBC America?
01[09:18] {Threei}  beau :)
[09:18] {dino} no
[09:19] {RonS} Irish cop in NYC in 1860's ...man were things rough back then
[09:19] {Will49} Good Morning
01[09:20] {Threei}  will :)
[09:20] {scottie} gm all
01[09:21] {Threei}  scottie :)
01[09:21] {Threei}  so... Romney shot himself in the foot while it's still in his mouth while his head is up his ass. The exit wound looks spectacular.
[09:21] {RonS} who could argue with what he said?
01[09:22] {Threei}  suree... but that's not the point, is it
[09:22] {RonS} % rings true even in my neighborhood
[09:22] {dino} actually what he said was true
[09:22] {dino} media just hates the truth
01[09:22] {Threei}  do you get idiot's vote while call him an idiot?
[09:22] {RonS} government and government dependant jobs...
01[09:22] {Threei}  and while media around makes sure that nokt 47 but 75% think they call them idiots?
[09:23] {RonS} the O does it...
[09:23] {dino} indeed he does, says people don't understand what he is saying
[09:28] {ese} gm
[09:28] {nemo} As Churchill said, The best argument against democracy is a 5 minute conversation with the average voter
01[09:28] {Threei}  ese :)
[09:30] {ese} thats a great quote........
01[09:31] {Threei} Short Setup: SLW  .70 break
[09:31] {ese} question here is...........are you a victum memo?
[09:31] {ese} nemo
01[09:31] {Threei}  If holds  .80
[09:31] {nemo} victum of what?
01[09:32] {Threei} Short Setup: FCX  .90 break
01[09:32] {Threei}  If holds  41
01[09:32] {Threei}  SLW 1:1
01[09:32] {Threei}  ditto FCX
[09:33] {ese} That was the quote in our papers up here from Romney...claims that Obama voters all think they are victums
[09:33] {ese} victims
[09:33] {scottie} slw +.10 ty Vad
01[09:33] {Threei}  yw
01[09:34] {Threei} Short Setup: FCX  41 break
01[09:34] {Threei}  ugh, too fast
01[09:34] {Threei}  disregard
[09:35] {RonS} deck dino
[09:35] {ese} no.........do not hit dino
[09:35] {ese} he does great work on the board
01[09:37] {Threei} Long Setup:  CAT  .10 break hl
01[09:37] {Threei}  Invalidated
01[09:37] {Threei} Short Setup: POT  .70 break
01[09:37] {Threei}  If holds  .80
01[09:38] {Threei}  ^%#$*... missed MOS .30 alert by a few seconds
[09:39] {nemo} spy bounce here
[09:39] {nemo} if not look for 146
01[09:42] {Threei} Short Setup: FCX  .10 break
01[09:42] {Threei}  If holds  .20
01[09:43] {Threei}  nope
[09:43] {nemo} FIO
01[09:43] {Threei} Short Setup: SLW  39 break
[09:45] {nemo} FIO .00 big level
[09:46] {thomcbell} bought aig 34.32
[09:47] {dino} deck sm l .25 pulp
01[09:48] {Threei}  National Daily Tracking: #Romney: 47%, #Obama: 45%
01[09:49] {Threei}  we will know in couple days the effect of those remarks
[09:51] {Will49} sorry Vad..lost track, is SLW 39 break still valid?
[09:51] {ese} If I were Obama.....I'd be sitting in the White House office laughing my brains out..........would not spend a red cent on campaigning...Romney will save the democrates a crap load of money
[09:51] {Will49} no...answered my own Q
01[09:52] {Threei}  yes will :)
[09:52] {Will49} OK
01[09:52] {Threei}  I mean, yes, you answered it.. not that it's valid :)
[09:53] {Will49} got it...as you say (obviously)
01[09:53] {Threei} Short Setup: FCX  .30 break
01[09:54] {Threei}  If holds  .40
01[09:54] {Threei}  if breaks .40, change setup to .40 - .45
[09:55] {thomcbell} aig long setup 34.45 break if holding 34.35
01[09:55] {Threei}  above .45 whole idea incalidated
[09:55] {thomcbell} will be an add for me
[09:57] {scottie} target Vad ?
01[09:57] {Threei}  not sure
[09:58] {thomcbell} aig invalidated for me for time being
01[09:58] {Threei}  let's cover half
01[09:59] {Threei}  trail to .31
01[09:59] {Threei}  and see what happens
01[10:00] {Threei}  scalpers win
[10:00] {scottie} sold .22 +.07 thanks Vad
01[10:00] {Threei}  *(US) SEP NAHB HOUSING MARKET INDEX: 40 V 38E
01[10:02] {Threei}  for the whole morning I can't quite get the direction
[10:03] {dolores} hello GM
[10:04] {dino} crr sm l .51
01[10:04] {Threei}  dolores :)
01[10:05] {Threei} Short Setup: SLW  .30 break
01[10:05] {Threei}  If holds  .40
[10:05] {dino} deck stop -.26
[10:05] {dolores} in SLW
[10:06] {nemo} jazz looks like a possible short
[10:06] {nemo} drops .20
01[10:07] {Threei}  don't like that SLW won't follow SPY right away
01[10:08] {Threei}  let's trail stop to .36
01[10:08] {Threei}  finally
01[10:09] {Threei}  1:1
[10:09] {robbers} ty
[10:09] {scottie} out +.09 ty VaD
01[10:09] {Threei}  :)
01[10:10] {Threei}  1:2, out
[10:10] {Will49} tks Vad +.13
01[10:10] {Threei}  yw
[10:11] {dolores} thxs +12
[10:11] {Will49} noobies rock
[10:11] {Will49} :D
[10:11] {Will49} gettin' cocky, eh?
01[10:12] {Threei} Short Setup: MOS  .70 break
01[10:12] {Threei}  If holds  .80
01[10:13] {Threei}  target 1:3
[10:13] {nemo} deck
[10:14] {nemo} fricking 45 buyer deck
[10:14] {nemo} 44.99 to be exact, unfrickinbelievable
[10:14] {nemo} when he drops this goes
[10:15] {nemo} expensive toi borrow
01[10:16] {Threei}  stop to .76
01[10:16] {Threei}  1:1
01[10:16] {Threei}  stop to .71
01[10:16] {Threei}  from here by the book
[10:17] {dptl} gm
01[10:17] {Threei}  dp!
01[10:17] {Threei}  missed glorious day
[10:18] {dptl} oh well been busy.....gonna stay for an hour today too
[10:18] {thomcbell} im out aig for 0.05 loss
01[10:22] {Threei}  1:2
[10:22] {scottie} +.19 TY vAD
01[10:22] {Threei}  yw
[10:24] {jackharry} out +.24, thank you
[10:24] {Will49} tks Vad 1:2
01[10:24] {Threei}  yw guys
01[10:25] {Threei}  1:3 target hit, over and out
[10:25] {robbers} Vad wearing out the "y" and "w" keys today.
[10:25] {robbers} Nice morning.
[10:25] {dptl} fslr .95 long?
[10:25] {Will49} noobie needs more patience
01[10:25] {Threei}  I wish... all keys are blind again
[10:26] {nemo} http://www.freestockcharts.com?emailChartID=5cef78f3-3549-4168-b8ec-f28aa6e19c74
01[10:26] {Threei}  it's like I have a sandpaper on my fingertips, kwyboards go blind in months
[10:26] {Will49} that's he vodka, ruins fingerprints
01[10:26] {Threei}  "like" = "as if" (slanting at nemo ascance)
[10:27] {nemo} oy frickin' vay
01[10:28] {Threei}  askance?
[10:28] {nemo} tjx bounced off key support on the daily
[10:29] {RonS} Fed Chicago President Charles Evans: QE3 will make the economy "more resilient"
[10:30] {nemo} they make this shit up as they go along
[10:30] {dptl} vlo .50 short?
[10:30] {robbers} The economy:  "I've fallen and I can't get up."
01[10:30] {Threei}  for a small scalp only, dp
01[10:31] {Threei}  ron, from earlier:
01[10:31] {Threei}  [08:51] {Threei} Fed's Evans: The economy faces a demand problem, not a structural problem.
01[10:31] {Threei}  [08:51] {Threei} idiot
[10:31] {Will49} The Fed: don't worry, we'll teach you how to crawl
[10:31] {dino} allt sm l .45
01[10:32] {Threei}  seriously, they don't understand basics or what?
01[10:33] {Threei}  of demand is created artificically by easy credit, and disappears when debt becomes too large, how is it not a structural problem?
01[10:33] {Threei}  of = if
[10:33] {Will49} they understand all too well: they just feed the seething masses more BS
01[10:33] {Threei}  and how on earth can you fic it by more credit and debt?
[10:34] {dptl} wlp .05 ? long? or .07?
01[10:34] {Threei}  meh
01[10:35] {Threei}  too narrow
[10:35] {Will49} just give us cheaper fast food, bigger screen TVs and more reality TV shows
[10:35] {nemo} this is worse than last week of August
[10:35] {jackharry} it's like the drunk who thinks the answer to his hangover is to keep drinking
01[10:35] {Threei}  visual: http://goo.gl/PAGy1
[10:38] {dino} allt stop -.26
[10:39] {dptl} mpc .80?
[10:39] {dolores} MOS not following the market
[10:39] {dolores} any long ?
[10:39] {nemo} that's hitting a little close to home John Harold
[10:39] {jackharry} thought you would like that analogy
[10:40] {Will49} I know who John Galt is...but who is John Harold?
[10:40] {nemo} he's a frickin' mick
[10:40] {jackharry} thats me, nemo is being very formal
[10:40] {Will49} wtf?
[10:40] {Will49} ohhhhh...I get it (slow)
01[10:41] {Threei}  wow MOS
[10:42] {dino} bsft sm l ave .65
[10:50] {scottie} tjx s .30 ?
01[10:51] {Threei}  .40 long looks a bit more attractive
[10:51] {jackharry} nemo, you were right about deck, look at her go
[10:53] {dolores} MOS tricked me stopped me .16
[10:54] {dolores} now  market down keeps up
[10:55] {Beau} dino, with large spread like BSFT how do you figure offer?
[10:55] {dptl} pay .40 break   long?
[10:56] {dino} waiting just below vwap
01[10:56] {Threei}  I am not sure I understand the logic of long on MOS, dolores
[10:56] {nemo} kors
01[10:56] {Threei}  it doesn'/t want to go up when market does - meanis it's weak,
[10:56] {Beau} thank you d
01[10:56] {Threei}  and if anything - it's a short when market stops going up
[10:57] {dolores} went long when it hold the 58
[10:57] {dptl} pay .40?
01[10:58] {Threei}  I don't like it very much dp
01[10:58] {Threei}  no energy
[10:58] {dptl} ok
[11:01] {dino} out crr .83, +.32
[11:01] {scottie} GSK 47 long ?
01[11:02] {Threei}  if going for 5-7 cents scalp...
[11:02] {scottie} OK
[11:06] {dino} screwed up bsft, out flat
01[11:13] {Threei}  (US) Moody's issues commentary on fiscal cliff scenarios
01[11:13] {Threei}  - Moody's: in our "Cliff" scenario, which we believe has a 15% probability, policymakers would decide to stick to the current law and let the nation go over the fiscal cliff. This would cause real GDP to fall 2.8 percentage points below what it would be if current policies were extended in 2013 and lead to a new recession, pushing unemployment up to 9.2% by year's end,"
01[11:13] {Threei}  Alternatively in Moody's Analytics "No Cliff" scenario, which has a 30% probability, policymakers would avoid the fiscal cliff by extending current policy so that there would be no changes to taxes and spending in 2013. While the U.S. economy would improve next year, under this scenario, there would be no progress toward long-term fiscal sustainability
01[11:13] {Threei}  - Moody's Analytics baseline scenario, which is the most likely scenario with a 55% probability, states that policymakers will agree to a middle ground between the "Cliff" and "No Cliff" scenarios.
[11:14] {Will49} shrug!
[11:17] {dptl} well got to go...see ya tomorrow, have a good one
01[11:18] {Threei}  take care dp
[11:18] {dino} cya
[11:18] {dino} deck sm l .25
[11:18] {RonS} headline of the day:  American Flag Murders Stupid Pakistani Agitator
[11:19] {RonS} A Pakistani protestor has died after inhaling smoke from burning U.S. flags during a rally against the anti-Islam film Innocence of Muslims.
01[11:19] {Threei}  gosh, whnat do they make those flags from, lol
[11:19] {RonS} chinese plastic?
[11:19] {dino} roflol, a justice
01[11:20] {Threei}  I guess it's a good cause for new protests... "make US make their flags from natural products"
[11:20] {RonS} lol
[11:20] {dolores} probably made in china !
[11:20] {Will49} Our BC flag is made of hemp
[11:20] {dolores} toxic plastic
[11:20] {Will49} smokes nice
[11:21] {RonS} lol
01[11:21] {Threei}  see? that's how environmentally responcible govrnment acts
[11:21] {Will49} your only supposed to burn the BC flag for personal use
01[11:22] {Threei}  can't grow flags without medical license either
[11:22] {Will49} also, the hemp flag doesn't flap worth a damn
[11:22] {Will49} flap
01[11:22] {Threei}  "Attention: burning BC flags leads to a strong case of munvhies"
[11:22] {Will49} lol
01[11:23] {Threei}  munchies too
01[11:27] {Threei} Short Setup: POT  .50 break
01[11:27] {Threei}  If holds  .60
[11:37] {RonS} sfly into a volume gap w/ 24% float short...
[11:38] {dino} bid drop
01[11:41] {Threei}  Two Fed governors publically disagreed over QE3 this morning. Fed dove Evans asserted that the Fed is making modest, safe policy moves and called fears of Fed-fueled inflation "consistently wrong." However just ahead of Evans' speech, Fed hawk Fisher (a non-voter) told CNBC he would have voted against QE3 and diagnosed the problems of the US economy as a lack of incentives for private sector investment thanks to poor tax and regulatory structures.
[11:41] {dino} i'm w/fisher
01[11:42] {Threei}  I want to see Evans fighting a hummingbird
01[11:42] {Threei}  I am sure hummingbird will win, so dovish Evans is
[11:42] {dino} bid sm l ave .52
[11:43] {dolores} dino ave?
[11:44] {nemo} tna long worth a shot here
[11:45] {dino} average
[11:47] {dolores} POT triggered?
01[11:47] {Threei}  about to, not yet
[11:47] {dolores} THXS
[11:47] {dolores} thought {i swa a .49 too fast
[11:48] {dolores} saw
[11:50] {dino} bid tighten to .46, not moving
[11:54] {dolores} was .49 some breakdown point?
01[11:55] {Threei}  on POT?
01[11:55] {Threei}  loss of .50 support
[11:55] {dolores} yes like a previous support or something
[11:56] {dolores} for example why not short it break of .55 when it did not go to .60?
01[11:56] {Threei}  look at intraday chart, from 11:10 on
01[11:57] {Threei}  it testedf support at .50 many times
01[11:57] {Threei}  forming DBI setup
[11:57] {nemo} LO dino
01[11:58] {Threei}  you may want 111 Trades course, dolores... will make setup structures very clear
[11:58] {nemo} yes, you'll have an insight to Vad's mind
[11:58] {nemo} the you'll be put on suicide watch
[11:58] {dolores} ok
[11:58] {Beau} vad, keeping stp at 60?
01[11:59] {Threei}  yes
01[11:59] {Threei}  room members have 30% discount
01[11:59] {Threei}  please use coupon (edited out) when fill the form
[12:00] {dolores} copied the cupon
[12:00] {nemo} PXD might be bounce here
[12:00] {thomcbell} i highly recommend it Dolores]\
[12:00] {dolores} thanks
01[12:01] {Threei}  btw guys, while I emember
01[12:01] {Threei}  for those who bought it, the course access is 1 year but it doesn't mesan you lose it after that,
01[12:02] {Threei}  just send an e-mail requesting extension, it's merely a tech limitation, not an intent to charge again if you want to look at it afterf 1 year expiration date :)
[12:09] {dino} deck stopped while away -.26
[12:10] {dino} bid to b/e
[12:12] {scottie} lng s .60 ?
01[12:14] {Threei}  yup
[12:16] {scottie} in .59
[12:19] {dolores} what is this POT fighting for
[12:19] {dolores} ?
01[12:20] {Threei}  just not enough drive to finish it quickly
01[12:20] {Threei}  happens during lunch time
[12:21] {dolores} we need the market to make a stronger move down
[12:22] {Beau} it ought to die from old age, or I will
[12:22] {Will49} bladder at high level
01[12:22] {Threei}  hehe
[12:22] {Will49} may have to set a hard stop
[12:23] {Will49} at risk of Vad's rath
[12:23] {Will49} wrath
[12:24] {Beau} ever wonder why there are fruit jars in small plane cockpits
[12:24] {Will49} :D
[12:30] {dino} elli sm l .08
[12:30] {Will49} aaaawwwwww.....that feels better:P
[12:31] {Will49} not POT....me
[12:43] {dino} crr sm l .01
[12:54] {Will49} Has last 1/2 hr changed your DBI idea on POT?
01[12:55] {Threei}  market currently works against it
01[12:56] {Threei}  it reverses, POT is back on ad valid short
01[12:56] {Threei}  it doesn't, POT will likley be stopped
[12:56] {Will49} tks Vad
01[13:04] {Threei}  discovery: real etate on big island of hawaii is noticeably cheaper than on our island
[13:04] {Will49} no kidding?
01[13:04] {Threei}  climate is better too (duh)
[13:05] {Will49} BC real estate prices starting to come down now
[13:06] {Will49} as you know Vad and DP
[13:06] {nemo} whoa
[13:06] {Will49} come on come on
[13:07] {Will49} die
[13:07] {Will49} everybody got back from lunch at once
01[13:12] {Threei}  no news
01[13:14] {Threei}  37% Say A Child Born in the U.S. to an #Immigrant Should be a Citizen
01[13:14] {Threei}  why not if it's a legal immigrant
[13:15] {dino} elli to .40
[13:15] {dino} out +.32
01[13:16] {Threei}  wtg
[13:17] {dino} ty
[13:21] {RonS} lulu might be a short today...if it bases between .10 and .20
[13:22] {RonS} gap to fill and a decent amount of vol trapped from higher...
01[13:23] {Threei}  US) Fed's Dudley: Understands that Fed policy burdens savers, but economic recovery will help savers the most - Q&A- The Fed is not encouraging excessive borrowing, trying to promote a quicker economic recovery and to do so the Fed cannot be passive - Watching for potential bubbles caused by Fed policy. - Highlights that AIG sales made a nice profit for taxpayers. - Reiterates that the Fed is not out of ammunition and can do more if necessary
[13:23] {RonS} you guys must have sent him a BC flag...
[13:24] {Will49} an book of matches
01[13:24] {Threei}  I suspect whole Fed except Fisher and lacker had their fair share of BC flags
01[13:25] {Threei}  heck, they had our share too
[13:25] {Will49} lol
01[13:25] {Threei}  ah, who could see this coming:
01[13:25] {Threei}  Europe Banks Fail to Cut as Draghi Loans Defer Deleverage
01[13:25] {Threei}  European banks pledged last year to cut more than $1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they�ve grown only fatter.
[13:26] {Will49} Vad..should stop on POT still be above .60?
01[13:26] {Threei}  Lenders in the euro area increased assets by 7 percent to 34.4 trillion euros ($45 trillion) in the year ended July 31, according to data compiled by the European Central Bank. BNP Paribas SA (BNP), Banco Santander (SAN) SA, and UniCredit (UCG) SpA, the biggest banks in France, Spain and Italy, all expanded their balance sheets in the 12 months through the end of June.
01[13:26] {Threei}  I don't see any new pronounced resistance level to use fior stop trailing
[13:27] {Will49} only I have pronounced resistance:)
[13:27] {Will49} tks
01[13:27] {Threei}  The ECB president�s decision nine months ago to provide more than 1 trillion euros of three-year loans to banks eased the pressure to sell assets at depressed prices. The infusion, designed to encourage firms to lend, succeeded in averting a short-term credit crunch by reducing their reliance on markets for funding. It also may be making European lenders dependent on more central-bank aid.
01[13:27] {Threei}  �Deleveraging isn�t taking place, especially in Spain and Italy,� said Simon Maughan, a bank analyst at Olivetree Securities Ltd. in London. �The fact that we haven�t got on with it, or very slowly, suggests that when the time comes we�ll need another ECB injection to roll over the first one, just to keep the balance sheets of Italian banks in business.�
01[13:27] {Threei}  heh
01[13:28] {Threei}  frikin imbeciles
01[13:28] {Threei}  get out of the way!
01[13:28] {Threei}  there is just no other way to heal
[13:28] {Will49} no interest in healing...only staying in power
01[13:29] {Threei}  Total loans rose to 18.6 trillion euros as of July 31 from 18.5 trillion euros at the end of 2011. The figure masks a decline in countries worst-hit by the crisis, such as Spain and Greece. Lending in Spain fell 5 percent to 1.6 trillion euros in the year through July 31, according to Spanish central bank data.
01[13:30] {Threei}  digging deeper hole
[13:30] {RonS} LULU Trending on a rumor that Einhorn may have a short on.
01[13:31] {Threei}  OK, let's try old proven approach
06[13:31] * Threei hits POT over the head with 2x4
[13:32] {RonS} qotd:  Einhorn intent to answer the question: what looks better... yoga pants or yoga shorts?
[13:32] {Will49} yes...needs you big stick too
[13:32] {Beau} use 4x4 twice the effect
06[13:32] * Threei puts POT in the log splitter and powers it up
[13:33] {Will49} :)
[13:35] {Will49} hopefully .52 is setting up as new resistance
[13:38] {scottie} Vad, in case pot breaks down, do you have a target?
01[13:39] {Threei}  really deoends on the ,arket... if we get SPY going for the low or even breaking down, can become a 1:3er
[13:40] {scottie} tks
01[13:40] {Threei}  if market stays as is, just a scalp
[13:41] {scottie} lng half out after an hour and a half :)
01[13:41] {Threei}  :)
[13:42] {scottie} certainly learning patience today
[13:42] {Will49} ditto that
01[13:42] {Threei}  quiet day
01[13:43] {Threei}  but have you noticed how our percentage increased in Sept and how more frequent 1:3ers became vs Aigist?
[13:44] {Will49} Yes, much better
[13:47] {scottie} yes
[13:50] {robbers} Clear difference.
01[13:51] {Threei}  to steal a line from nemo, computers are back from hampton
[13:55] {Will49} rigor mortis setting in here
[13:56] {dino} ssys drop
06[13:57] * Threei contemplates a new course: "Manage Your Coma"
[13:57] {Will49} haha
[13:57] {scottie} :)
[13:57] {Will49} I thought the'd de-listed POT for a minute there
01[13:58] {Threei}  it consolidated here long enough to move stop to .56
[13:58] {Will49} YES.....I LOVE YOU
01[13:59] {Threei}  let's be friends...
[13:59] {Will49} :D
[13:59] {Will49} now look what you've done Vad
[14:00] {Will49} and I had great hopes for our relationship
01[14:00] {Threei}  sorry, didn't realize I led you on {G}
[14:00] {Will49} :O
[14:02] {Will49} you were just playing with me, right?
[14:03] {Will49} trying to show me who's boss
01[14:08] {Threei}  liberty
01[14:09] {Threei}  finally this tiresome trade is over
[14:09] {Will49} amen
01[14:09] {Threei}  what is it, first stop today?
01[14:09] {Threei}  7 cents... I'll take it
01[14:10] {Threei}  after that MOS short nothing can spoil my day
[14:11] {RonS} http://www.youtube.com/watch_popup?feature=player_embedded&v=-Czo5Vf8KZs
[14:11] {dino} ssys sm l .85
01[14:12] {Threei}  - NYSE volume 310M shares, about 11% below its three-month average;
01[14:13] {Threei} Short Setup: IPS  .35 break
01[14:13] {Threei}  UPS
[14:13] {nemo} tlt iwm spy and financials all in spitting distance of their Weekly pivots, this may be distribution
01[14:13] {Threei}  If holds  .45
[14:14] {scottie} IPS?
[14:14] {dino} stop .74
01[14:14] {Threei}  [14:13] {Threei} UPS
01[14:15] {Threei}  blind typing... and fat fingers
[14:16] {goryl} thanks Vad, see u all tomorrow
01[14:16] {Threei}  take care goryl
01[14:17] {Threei}  let's modify UPS setup
01[14:17] {Threei}  .40 break short, aggressive
01[14:18] {Threei}  same stop, above .45
01[14:19] {Threei}  target cl,oser to .20, two partials
01[14:24] {Threei}  first partial here
01[14:24] {Threei}  stop to .41
01[14:24] {Threei}  don't you love aggressive entries
[14:28] {dino} yhoo spike
[14:30] {dino} 7b alilbaba
01[14:31] {Threei} Long Setup:  TNA  .70 break hl
01[14:31] {Threei}  If holds  .60
01[14:32] {Threei}  target .95
01[14:33] {Threei}  scalpers win UPS
01[14:35] {Threei}  no worky TNA
01[14:36] {Threei}  comatose second half of the day
[14:38] {nemo} vvus
[14:38] {Will49} that a stock or an insult?
[14:38] {RonS} heh, hershey doubled the size of its PA plant...guess how many Kisses they can make/day...
[14:39] {RonS} spent $300 mil on it
[14:39] {nemo} Will...if I'm insulting you, believe me, you won't have to guess
[14:39] {RonS} must be the reason for the VVUS spike
[14:40] {Will49} looks like WUS on my screen
[14:40] {nemo} get ur prescription checked
[14:40] {dino} ssys sm l .25
[14:40] {RonS} 70 mil kisses/day
[14:41] {dino} stopped again, things broken
[14:47] {dolores} any news?
[14:47] {dino} rinsed again
[14:48] {dolores} not sure about this: BOJ bank of japan considering easing
01[14:48] {Threei}  TNA rinsed
[14:48] {dino} out crr ,46, +.45
[14:49] {dino} wow, finally in the black for today, 4 rinses
01[14:51] {Threei}  wtg
01[14:56] {Threei}  full video of Romney remarks is released
01[14:57] {Threei}  I start thinking it's a storm in teacup. Will be forgotten in a week
[14:59] {dino} really not that bad when you listen to it, just his stratedgy, forget about wowing the 47%
[15:01] {dolores} he is not saying anything interesting
[15:02] {dolores} people are more interested in eating In the video!!
01[15:03] {Threei}  hell, they paid 50K for a plate!
[15:03] {Will49} lol
[15:03] {RonS} lol
01[15:03] {Threei}  can you blame threm for wishing to eat every cramb?
[15:03] {dolores} JA JA they are eating like if they are starving
01[15:05] {Threei}  grr TNA
01[15:06] {Threei}  if I paid 50K a plate, I'd eat food on a plate, plate, fork, napkin, cook and waiter
[15:07] {Will49} :)
[15:12] {scottie} OK guys, see you tomorrow
[15:12] {scottie} thanks Vad
01[15:12] {Threei}  take care scottie
[15:12] {Will49} see ya scottie
[15:12] {scottie} will
[15:14] {dino} cya
01[15:22] {Threei}  still no readable activity
01[15:22] {Threei}  first half of the day was it
01[15:31] {Threei}  BREAKING: Tornado warning for Washington, DC.
01[15:31] {Threei}  hmmm
[15:32] {Will49} Romney will do anything to get attention:)
01[15:32] {Threei}  lol
[15:32] {dino} gotta hop, gn all
01[15:32] {Threei}  you too dino
[15:33] {Will49} TTFN Dino
01[15:33] {Threei}  (US) Fed's Bullard (hawkish, non voter): Would have voted against QE3 (if he was an FOMC voter), economic data did not support the QE3 decision- The global economic slowdown is certainly a concern, could impact the US economy more. - Fed should have taken more of a wait-and-see approach to more easing. - It would be dangerous to link the lifespan of QE3 to only the unemployment rate, which has been very fickle. - Would have liked to see the ECB being aggressive in easing policy.
01[15:35] {Threei}  what the deuce
01[15:35] {Threei}  spikes both ways
01[15:35] {Threei}  no news
[15:36] {nemo} we spiked to WPP on IWM and dropped
01[15:44] {Threei}  weird end of day
[15:44] {Will49} must be the tornado warnings
01[15:44] {Threei}  let's get back to it tomorrow, another profitable day for us, why push
[15:45] {Will49} adjourned
[15:45] {Will49} me anyway
01[15:47] {Threei}  thank you all, have a great evening
01[15:47] {Threei}  see you tomorrow
[15:48] {dolores} thxs VAD
[15:49] {dolores} bye guys see you tomorrow

Monday, September 17, 2012

Nemo's Stream of (unconsciousness) blog, 09/17/2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

09/17/2012:  Had insomnia...timing couldn't have been better.  What a snoozer for the most part.  Reminded me of a Neil Young line when he was introducing a song on the CSNY 4-Way Street live album (a two record vinyl set....I'm old.)

"It sorta starts off real slow and then fizzles out altogether


Market kinda leaked downward for the day with financials finding the WPP, and then the market making a run north from there to make a VWAP run into the close.  Notice that SPY and FAS bottomed at tracked levels together, not IWM.  What does that say about risk in the market?  No specific opinion.  One day does not a trend make in OP EX week...canary in the coal mine...maybe?  For all intents and purposes the action of the last couple of days looks like a big ol' bull flag.

Headline risk now looks to have shifted from the Euro-orgy, to the Islamic Inferno and the Sino-Nippon conflict-that one could make for a real mess.