Nov 28 2012

Catch of the day is two simultaneous trades today

One more Catch of the Day for today, somewhat unusual one - Don't Kid The Kidder setup. You know how breakouts during lunchtime often fail, resulting in shakeouts? Well, this one we used to buy from those who were "shaken out." Read the comments on the chart.

Session Time: Wed Nov 28 00:00:00 2012
[08:28] {dino} gm
01[08:44] {Threei}  morning dino, welcome back
[08:46] {dino} ty
01[08:58] {Threei}  KCG...
[08:58] {nemo} yeah, buyout from GETCo
[08:58] {nemo} GMCR
01[08:59] {Threei}  just a bid
01[08:59] {Threei}  not buyout yet
[08:59] {nemo} yeah
01[08:59] {Threei}  and bid is 3.50
[09:02] {cipher} gm
[09:03] {nemo} you been playing gmcr pre-market there cipher
[09:03] {nemo} ?
01[09:03] {Threei}  cipher :)
[09:03] {nemo} oh...there was the morning stophunt on spy
[09:05] {cipher} no pre market today
[09:05] {cipher} you?
[09:06] {nemo} watching the levels...35.25 biggie so far 36.60 the high, 34.35 the low
[09:08] {nemo} Home builders strong with numbers coming at 10
[09:08] {nemo} GS sneaking up the relative strength list as are the Qs
[09:09] {scottie} good morning
[09:09] {nemo} interesting: BATS to borrow 300M for dividend payout.  Is that a healthy company?
01[09:12] {Threei}  scottie :)
[09:16] {ese} morning
01[09:16] {Threei}  ese :)
[09:16] {ese} how is everyone............
[09:17] {nemo} I'm suddenly falling ill
[09:17] {ese} me too
01[09:17] {Threei}  alive ese... you?
[09:18] {nemo} no...it's his ethereal self typing on the keyboard....sheesh
[09:18] {ese} hmmmmmmm
[09:19] {thomcbell} is there a chip stock that also serves alternative energy industry?
01[09:19] {Threei}  AMD?
[09:20] {thomcbell} no but i believe it is 3 letter symbol
[09:20] {ese} ocz........solid state drives?
[09:20] {nemo} ocz makes memory too
[09:20] {Will49} Good Morning
01[09:20] {Threei}  will :)
[09:21] {thomcbell} Doing chart work - very interested in 25.25 level on FB - uptrend line from $19 - 3 day trailing pivot - and 50 % retrace from the moonshot beginning around the $24 area 
01[09:21] {Threei}  US) President Obama to speak at 11:35 ET **Reminder: President is meeting with key business leaders today
[09:21] {ese} am looking to get back into that one nemo...now that they've ousted the stupid ceo thats got them into the position there in......solid product
01[09:22] {Threei}  careful ese, company is investigated by SEC
[09:22] {ese} ya i've been following it........
[09:22] {ese} was seriously mismanaged by the former ceo
[09:24] {ese} they ousted him just before the last earnings release..........the new ceo psponed that release until a full investigation of the books was done......nasdaq then issued a letter because they've delayed that filing
[09:24] {Beau} good morning
01[09:24] {Threei}  beau :)
[09:24] {ese} B
01[09:25] {Threei}  yesterday was a remarkable day btw
[09:25] {ese} why?
01[09:25] {Threei}  Obama signed act shielding US airlines from EU carbon tax - that marks second time I agree with what Obama does
01[09:26] {Threei}  that makes quite a day for me
[09:26] {ese} cool
01[09:26] {Threei}  FCX
01[09:26] {Threei}  .95 support to break for short
[09:28] {nemo} nice spread fcx
01[09:29] {Threei}  was better at the moment
01[09:29] {Threei}  but setup is gone
01[09:29] {Threei}  unless you risked premarket trade
[09:29] {nemo} yes...pre-market liquidity, even early market liquidity is iffy of late
[09:29] {dino} tfm gap around 49.35
[09:30] {dino} bang
01[09:31] {Threei} Short Setup: SLW  .80 break
01[09:31] {Threei}  If holds  .90 
01[09:32] {Threei}  heh
01[09:32] {Threei}  good luck gwetting that fill
[09:32] {robbers} ooops.
01[09:32] {Threei}  look at that
01[09:32] {Threei} Short Setup: GLD  .60 break hl
01[09:33] {Threei}  ^%$@*&( SLW
[09:33] {nemo} spy coming in to gap fill
01[09:35] {Threei}  no go
01[09:37] {Threei} Short Setup: FCX  .80 break
01[09:38] {Threei}  If holds  .85 
01[09:40] {Threei}  target .60
01[09:40] {Threei}  half out
01[09:40] {Threei}  stop to .81
[09:42] {robbers} out fcx, thanks.
01[09:42] {Threei}  :0
[09:42] {dino} tfm hl l .10
01[09:43] {Threei}  US) Preview: Oct New Home Sales due out at 10:00ET (15:00 GMT)**Consensus expectation: 390Ke v 389K prior
01[09:44] {Threei} Short Setup: RIG  .60 break
01[09:44] {Threei}  If holds  .70 
[09:46] {dino} out tfm .80, +.70
01[09:46] {Threei}  wtg
[09:46] {dino} ty
01[09:47] {Threei}  FCX target hit, out
[09:47] {dino} 07 red
01[09:47] {Threei}  Invalidated  RIG 
[09:48] {nemo} gmcr determined to go for the pre market high 
[09:49] {scottie} I was in RIG from .59 !
01[09:49] {Threei}  ?
01[09:49] {Threei}  I didn't see .60 breaking
[09:50] {scottie} 9:46 candle
01[09:50] {Threei}  print yes, but bid never went away
[09:50] {scottie} printed at .59 here
01[09:50] {Threei}  do you watch level 2?
[09:50] {scottie} yes
[09:50] {dino} feels like whoosh down coming
[09:50] {scottie} level 2 and T&S
01[09:51] {Threei}  there was a print below the bid
01[09:51] {Threei}  .60 bid was always there
[09:51] {scottie} didn't see that :(
[09:51] {nemo} housing numbers at 10
[09:52] {nemo} you must have sold through
01[09:59] {Threei}  two news conferences from congress dunces are coming
01[10:00] {Threei}  yikes home sales
01[10:00] {Threei}  (US) OCT NEW HOME SALES: 368K V 390KE- Prior revised lower from 389K to 369K
01[10:01] {Threei}  Median price: $237.7K v $242.4K prior (revised from $242.4K) - Months supply: 4.8 v 4.7 prior (revised from 4.5)
01[10:02] {Threei}  ok, call my cynic... but doesn't it strike you as highly suspicious that all those pre-election rising indicators suddenly turned down rigth after? and revisions are all down?
[10:02] {dino} indeed
[10:03] {thomcbell} no problems over at FB 
01[10:04] {Threei} Long Setup:  JPM  40 break
01[10:04] {Threei}  If holds  .90 
01[10:05] {Threei}  (FR) Fitch Analyst: France's 3%/GDP deficit target looks challenging, any underperformance of fiscal plans could lead to a ratings downgrade for France
01[10:05] {Threei}  Invalidated  JPM 
01[10:10] {Threei} Long Setup:  FB  .25 break
01[10:10] {Threei}  If holds  .15 
01[10:10] {Threei}  target 1:3
01[10:10] {Threei}  1:1 was easy
01[10:13] {Threei}  iksplozhion is coming
01[10:13] {Threei}  I am sure I spell it right
[10:13] {thomcbell} for FB?
01[10:13] {Threei}  yes
01[10:14] {Threei}  JPM is valid again
01[10:14] {Threei}  1:2 would be a new high for FB, just 1 cent higher current one... which should make 1:3 easy
01[10:16] {Threei}  oh boy
01[10:16] {Threei}  (GR) EU's Barroso: EU will do what is necessary to keep Greece in the eurozone- European Commission to propose giving eurozone a "fiscal capacity"
01[10:16] {Threei}  first line is a givcen.,... bit second is mind-boggling
01[10:17] {Threei}  really?
01[10:18] {Threei}  come on already FB, enough scares
01[10:19] {Threei}  let's trail JPM to .94
[10:19] {dino} ctrx drop
[10:21] {dino} cbsh hl l .25
01[10:21] {Threei}  FB stop to .29
01[10:21] {Threei}  1:2 baby
[10:21] {dino} gj
01[10:21] {Threei}  ty
[10:22] {thomcbell} 46.75 is the gap fill 
[10:22] {robbers} out FB, thanks.
01[10:22] {Threei}  JPM 1:1
01[10:22] {Threei}  yw
[10:22] {nemo} news?
01[10:22] {Threei}  1:2 close enough, out
01[10:23] {Threei}  (US) US House Speaker Boehner: Optimistic deal can be reached on budget; willing to put revenues on table if accompanied by spending cuts
01[10:24] {Threei}  my personal feel is, taxes will be raised, no spending cuts will take place
[10:24] {Will49} tks Vad 1:2 FB
01[10:24] {Threei}  :)
01[10:24] {Threei}  wow, JPM had more in it
01[10:25] {Threei}  I questionwed even 1:2 potential
[10:26] {scottie} jpm +.18 tks Vad
01[10:26] {Threei}  yw
01[10:27] {Threei}  no one took JPM?
[10:27] {Will49} still only capable of one trade at a time
[10:27] {Will49} simple mind
[10:28] {robbers} Same here, Will.
01[10:28] {Threei}  as I see it, republicans have no negotiating strength
01[10:29] {Threei}  they say no, democrats simply let all tax cuts expire and come back the next day with tax cut for low income
01[10:29] {Threei}  reps can't block that, it would be total suicide
01[10:30] {Threei}  thus dems get what they want and reps look fibble-minded losers overplayed their hand
01[10:30] {Threei}  so they won't say no
01[10:30] {Threei}  and we will get tax hikes and pretense of spending cuts
[10:31] {Will49} you're just mad that their crooks get to run the show instead of our crooks
[10:31] {Will49} your crooks
[10:32] {Will49} :)
01[10:32] {Threei}  very true
[10:32] {dino} only way you get serious spending cuts is if we go off the cliff. otherwise same old same old
[10:33] {Will49} be a good time for an alien invasion
[10:33] {Will49} do you think that would make people work together?
01[10:33] {Threei}  only if no supervolcano eruption on Dec 21
[10:33] {Will49} lol
01[10:33] {Threei}  but nemo promised
01[10:34] {Threei}  and no, part on humankind will collaborate with aliens
[10:34] {Will49} maybe the dems ARE aliens
[10:34] {robbers} Good, we need a three-party system.
[10:34] {Will49} the clever buggers
01[10:34] {Threei}  lol
[10:36] {Will49} POTUS's ears are a dead give away
[10:36] {Will49} he was probably born on he planet Zorn
[10:36] {Will49} the planet
[10:37] {Will49} and they don't have birth certificates there yet
01[10:37] {Threei}  rofl
01[10:37] {Threei}  but wait.. W was from Crypton I though?
[10:38] {Will49} yeah:)
01[10:38] {Threei}  so we are ruled by aliens for a good while
[10:38] {Will49} we earthlings are done for
01[10:38] {Threei}  White House reportedly will be flexible regarding the level of top tax rates - financial press
[10:39] {dino} out cbsh .52, +.27
[10:39] {scottie} out FB, went to 1:2 tks Vad
01[10:39] {Threei}  each hint of them finding common ground leads to market spike'
01[10:40] {Threei}  welcome sir
01[11:01] {Threei}  things stalled
01[11:01] {Threei}  visual: http://goo.gl/RYSNJ
[11:02] {nemo} yeah and the hurricane may have queered the housing numbers
01[11:19] {Threei}  watvh LVS for possible setup from under .10
01[11:19] {Threei}  if it tries to trap .20 buyers by quick dump
[11:23] {dino} shs spike
[11:24] {Will49} just to be clear..FB L break .10 after pullback?
[11:24] {dino} news shs?
[11:25] {Will49} sorry Vad meant LVS
[11:25] {Will49} LVS L .10 beak
[11:26] {Will49} break
[11:27] {dino} damn, can't  borrow shs
[11:27] {dino} srpt spike
01[11:27] {Threei}  yes
01[11:28] {Threei}  with .04 stop
01[11:28] {Threei}  and here we go
01[11:28] {Threei}  I call it Don't Kid the Kidder setup
[11:33] {scottie} out lvs, took half at .20, tks Vad
01[11:34] {Threei}  :)
01[11:34] {Threei}  isn't it a beauty?
[11:36] {scottie} yep, went out too soon
[11:44] {scottie} ERJ s .05 ?
01[11:45] {Threei}  not sure
[11:45] {scottie} ok
[11:47] {dino} wtw losing it
[11:50] {nemo} fslr
01[12:01] {Threei}  guess who is on TV
[12:01] {cc_8} Culp (NYSE: CFI) shares jumped 4.66% to create a new 52-week high of $13.70. LB Foster's PEG ratio is 1.27.
[12:01] {cc_8} Momenta Pharmaceuticals (NASDAQ: MNTA) shares lost 2.52% to create a new 52-week low of $10.06. 
[12:02] {cc_8} Cree Says LED Lighting Significantly Improves Sheetz Convenience RestaurantsPosted on: Wednesday, November 28, 2012 - 9:05amMore than 130 locations of convenience restaurant chain Sheetz, Inc. now . feature state-of-the-art LED lighting by Cree, Inc. (Nasdaq: CREE).
[12:02] {dino} ks spec div of $2
[12:17] {nemo} wtf
01[12:23] {Threei}  http://goo.gl/fND5W
[12:35] {nemo} finnies still need to get to pivot
[12:38] {cc_8} Costco Latest Company to Announce Special Dividend Ahead of Fiscal CliffPosted on: Wednesday, November 28, 2012 - 10:21am
[12:38] {cc_8} Costco Wholesale Corporation (Nasdaq: COST) reported sales figures on Wednesday. The company posted net sales of $8.15 billion for the month of November, a nine percent increase
01[12:46] {Threei}  Gold saw its biggest one-day drop this morning in nearly a month as the spot price tanked about 2% from around $1,736 to as low as $1,706. The sudden drop triggered stops and drove a massive amount of selling in a thin market. Traders initially blamed a fat finger, but there was no immediate recovery as would be expected with such an error. Others cited a trader setting up a short play of some kind.
01[12:46] {Threei}  isn't it amazing
01[12:46] {Threei}  this fascination with explanation
01[12:46] {Threei}  everyone needs a backstory, as if there is always one for every market twist and turn
01[12:47] {Threei}  total speculation: Others cited a trader setting up a short play of some kind
01[12:47] {Threei}  lol
[12:47] {nemo} I find it coincidental...cough...how often markets turn at very technical levels
01[12:48] {Threei}  hm... nemo, I just got an e-mail with groupon offer that made me think of you for some reason:
01[12:48] {Threei}  Gutter Cleaning
01[12:49] {Threei}  Up to 53%
[12:49] {nemo} Me too...I got one for exploding range targets...made me think of your head
01[12:49] {Threei}  hehe... hit the nerve
01[12:49] {Threei}  I feel like my job for the day is done
01[12:54] {Threei}  I nominate this as the stupidest twit of the day:
01[12:54] {Threei}  @HFTAlert: NEWS ALGOS TOTALLY IN CHARGE TODAY. GOOD LUCK HUMAN
[12:55] {nemo} yeah, they tweet that every day
01[12:56] {Threei}  guess what dimwit - attempts to be the first to buy news didn't work in 1997 either, long before any algo
01[12:56] {Threei}  the sheer numbers of idiots out there never stops amazing me
[12:57] {nemo} bell curve dood
01[12:57] {Threei}  feels to me like it becomes curvier by day
01[12:57] {Threei}  or bellier?
[12:58] {nemo} morons breed more often, as Uncle Zhukie used to say
01[12:58] {Threei}  lol
[12:58] {nemo} I'm serious
[12:58] {dino} lol
[12:59] {nemo} he pointed out the window at them and said to my friend, "Do you really think they'll stop breeding!"
01[12:59] {Threei}  my grandfather once told me: you know you start getting old when you feel the world is doomed and idiots take over every nook and cranny.
01[13:00] {Threei}  By that criteria, I am getting old real fast
[13:01] {nemo} listening to you gets old real fast
01[13:01] {Threei}  Powerball Jackpot Swells to $550 Million, As Lotto Fever Sweeps the Nation
01[13:01] {Threei}  nemo... let's buy that ticket
[13:02] {nemo} Yeah, already done.  What's great about Powerball is you don't have to identify yourself
01[13:03] {Threei}  what do you mean already done... you bought a ticket
01[13:03] {Threei}  I meant THAT ticket
[13:03] {nemo} no...this afternoon...I wouldn't tell anybody...then just grab the passport and ....SAYONARA!!!!
01[13:03] {Threei}  say what??
01[13:04] {Threei}  what about my share??
01[13:04] {Threei}  sheesh...
[13:04] {nemo} you miss the part about the passport?
01[13:04] {Threei}  oh the humanity
[13:04] {nemo} @$#* humanity!!!
01[13:04] {Threei}  wire me my share, then grab that passport
[13:04] {nemo} already have passport
01[13:05] {Threei}  (US) Fed's Evans: US lawmakers will probably avoid the fiscal cliff; fiscal consolidation should take place over a longer, more appropriate period of time - interview- Reiterates that the US faces a long period of low rates, Fed can raise rates when the economy becomes more vibrant. - Reiterates that Fed should maintain zero rates until unemployment falls to 6.5%. - Fed needs to continue $85B in asset purchases (Operation Twist) for six months up to one year
01[13:05] {Threei}  hmmm
01[13:05] {Threei}  wasn't it "indefinitely"?
01[13:05] {Threei}  where did 6 month to 1 year come from
[13:17] {dino} tdc drop
[13:24] {scottie} APKT l .60 ?
[13:24] {scottie} if holds .50
01[13:25] {Threei}  hmmm
01[13:25] {Threei}  probably
[13:27] {dino} club hl l .98
01[13:29] {Threei} Short Setup: LVS  .80 break
01[13:30] {Threei}  If holds  .85 
01[13:31] {Threei}  no go
01[13:32] {Threei}  rinse??
01[13:33] {Threei}  yuck
01[13:33] {Threei}  disgusting, LVS... disgusting
01[13:33] {Threei}  right idea, one cent rinse
01[13:36] {Threei}  am I alone here?
[13:36] {Will49} we chickens are still here
[13:37] {thomcbell} pretty dull tape 
[13:37] {thomcbell} now 
01[13:37] {Threei}  ok... are will and I are alone here?
[13:37] {Will49} roll call
01[13:37] {Threei}  ok... are will, tbell and I are alone here?
[13:37] {thomcbell} FB tightest range in a while 
01[13:37] {Threei}  hehe
[13:37] {scottie} I'm in apkt .61, stop .54
[13:37] {Will49} me too scottie
01[13:38] {Threei}  bands are tightening
01[13:38] {Threei}  resolution must be coming
[13:38] {robbers} That was a really good call, just didn't work out perfectly.
01[13:38] {Threei}  ah well
[13:38] {thomcbell} on FB Vad?  and if so - with your 1 minute chart ones?
01[13:38] {Threei}  no, APKT
01[13:39] {Threei}  actually, FB too
01[13:39] {Threei}  just not as pronounced'
[13:42] {dino} tkr
01[13:43] {Threei} Long Setup:  FB  .30 break
[13:46] {dino} gdi spike
[13:52] {dino} gdi sm s .74
[13:52] {dino} cov .34, +.40
[13:53] {nemo} ya' know, one could argue short here on spy
[13:53] {dino} mlnx bloody
01[13:53] {Threei}  I could argue both sides of this equally
[13:54] {nemo} yes, and of course, overbought can lead to overboughter
[13:56] {dino} tkr spike
[13:57] {nemo} gmcr about to go
[13:57] {dino} club stopped -.14
01[13:57] {Threei}  hand it a diaper, quick
01[14:00] {Threei}  *(US) FED'S BEIGE BOOK: ECONOMY EXPANDED AT A MEASURED PACE; HURRICANE SANDY CAUSED WEAKER GROWTH IN SOME AREAS
01[14:01] {Threei}  expanded at measured pace
01[14:01] {Threei}  FB stop to .29
01[14:02] {Threei}  out
[14:08] {scottie} half out apkt
01[14:09] {Threei}  nice
[14:09] {Will49} missed half by 1 cent
[14:09] {dino} gj
[14:09] {scottie} ty
[14:09] {Will49} got it
[14:09] {scottie} great will
[14:09] {Will49} tks scottie
[14:11] {scottie} stop .63
01[14:13] {Threei}  hmmm
01[14:14] {Threei}  According to a study by Spectrem Group, 58 percent of millionaire pet owners have a dog. Only 37 percent own a cat. Only three percent keep fish, two percent birds and two percent have a horse.
01[14:14] {Threei}  no single rabbit
[14:14] {Will49} haha
[14:14] {nemo} ;-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-)
[14:14] {nemo} I woke up around 4 this morning, which is bunny's favorite play time
[14:17] {scottie} dtop .69
[14:17] {scottie} stop
[14:22] {scottie} out
[14:26] {nemo} tna could be long above .20
[14:28] {nemo} nope
[14:39] {nemo} o.k. I was a tad early
[14:45] {nemo} Qs IWM and SPY all got to their daily pivots, finnies the only thing that hasn't yet
[14:50] {scottie} GG .35 if holds .25 ?
[14:51] {scottie} went up while I was typing
[14:54] {scottie} in .36
[14:55] {nemo} can't get lower lows on indexes, this is looking more like a breakout coming
[14:58] {scottie} half out
[15:02] {scottie} stop .39
01[15:03] {Threei}  wtg
[15:03] {dino} gj
[15:04] {scottie} out 
[15:04] {scottie} ty
01[15:06] {Threei} Short Setup: FB  .20 break
[15:09] {nemo} big gap up tomorrow
01[15:10] {Threei}  (US) Senator Conrad (D-ND) Budget Committee Chair: Need $400B worth of spending cuts and revenue raises as a downpayment this year to avoid the fiscal cliff- Affirms that any deal to avoid the fiscal cliff should include raising the debt ceiling - Recommends a split of $400B between revenue and spending cuts
01[15:10] {Threei}  400B?
01[15:10] {Threei}  4 months deficit
[15:10] {dino} rgr drop
[15:14] {Will49} big wick at 15:10 doesn't invalidate FB..right?
[15:15] {nemo} finnies topped out at pivot...that may be it
01[15:16] {Threei}  valid, yes
[15:16] {Will49} tks
01[15:17] {Threei} Short Setup: GLD  .50 break hl
01[15:17] {Threei}  If holds  .60 
01[15:29] {Threei}  Invalidated  FB 
01[15:44] {Threei}  die GLD
01[15:54] {Threei}  meh
01[15:54] {Threei}  ok guys, thank you all
01[15:55] {Threei}  have a good evening, see you tomorrow
[15:56] {scottie} gn all
[15:57] {dino} thx all, gn

Nov 27 2012

Opposite to yesterday - good start, then total absence of follow-through leading to a few stops, and ending slightly negative.


Session Time: Tue Nov 27 00:00:00 2012
01[08:48] {Threei}  - Germany CDU Budget lawmaker Barthle: Greece creditors probably faced a haircut in 2022
01[08:48] {Threei}  lol
[08:48] {cipher} gm
01[08:48] {Threei}  cipher :)
[09:08] {scottie} good morning
01[09:08] {Threei}  scottie :)
01[09:14] {Threei}  feels like things are seting up for selloff
[09:18] {Beau} good morning
01[09:19] {Threei}  beau :)
[09:20] {Will49} good morning
01[09:20] {Threei}  will :)
01[09:23] {Threei}  (US) Puerto Rico faces pension funding problem due to large debt- financial press- Facing problems similar to Greece including tax fraud, poor economic growth and very high levels of debt - Have already sold two toll roads and the main airport to raise funds - Borrowing costs have risen to 250bps over other muncipal borrowers up from 150bps over at the begining of the year - The main pension fund, which serves 250K workers, is only 6% funded
[09:28] {Beau} .
01[09:28] {Threei}  good point
01[09:29] {Threei}  watching JPM, FB and usual suspects
01[09:30] {Threei} Short Setup: JPM  .85 break
01[09:30] {Threei}  If holds  .95
01[09:31] {Threei}  change to .90
01[09:31] {Threei} Short Setup: FB  26 break hl
01[09:31] {Threei}  If holds  .10
01[09:32] {Threei}  Invalidated  JPM
[09:33] {thomcbell} fio?
01[09:34] {Threei}  1:1 FB
01[09:34] {Threei}  don't see fresh news on FIO
01[09:35] {Threei} Short Setup: FCX  .85 break
[09:35] {thomcbell} wow
01[09:35] {Threei}  If holds  .95
01[09:39] {Threei} Short Setup: SLW  .80 break
01[09:39] {Threei}  If holds  .90
[09:40] {nemo} what up with cree
01[09:41] {Threei}  no news that I see
01[09:41] {Threei} Long Setup:  CAT  .80 break hl
01[09:42] {Threei}  If holds  .70
[09:42] {thomcbell} that FIO is just bananas
[09:42] {thomcbell} dying to know what that was about
[09:43] {thomcbell} FB $26 break VAd?
01[09:43] {Threei}  CAT 1:1
01[09:43] {Threei}  it was
[09:44] {thomcbell} 1:1
[09:44] {thomcbell} i took it
[09:45] {robbers} thanks cat.
01[09:45] {Threei}  :)
01[09:45] {Threei}  let's scratch SLW
[09:45] {thomcbell} FB 1:2
[09:45] {thomcbell} stop on balance to 26.1
[09:45] {robbers} wtg.
[09:47] {thomcbell} raiting stop to 26.20 on FB
[09:48] {thomcbell} 1:3
01[09:48] {Threei}  gj
[09:48] {thomcbell} raising stop to 26.25
01[09:48] {Threei}  CAT almost 1:2, out
[09:48] {thomcbell} out
[09:48] {Will49} good call on SLW Vad
01[09:49] {Threei}  yeah, tried hard to sell off but eventually tide took it up
01[09:50] {Threei}  too soon, CAT
[09:51] {cipher} cree s .39
[09:51] {cipher} cat s .00
01[09:51] {Threei}  (US) Preview: Nov Richmond Fed Manufacturing Index expected at 10:00 ET (15:00 GMT)**Consensus expectation: -9e v -7 prior
[09:55] {cipher} cov cree .45 -.06
[09:55] {nemo} cree is today's ddd
[09:57] {cipher} cree s .42
[09:58] {cipher} cov 1/2 cat .90 +.10
01[09:58] {Threei} Long Setup:  LVS  .80 break
01[09:58] {Threei}  If holds  .70
01[09:59] {Threei}  *(US) NOV RICHMOND FED MANUFACTURING: 9 V -9E
01[09:59] {Threei}  LVS 1:1 but good luck getting in
[10:00] {Will49} no luck here :(
[10:00] {scottie} nor here
01[10:00] {Threei}  *(US) NOV CONSUMER CONFIDENCE: 73.7 V 73.0E
[10:00] {scottie} great call though
[10:00] {nemo} well,  this will be an inflection point on that report
01[10:00] {Threei}  teleported
01[10:01] {Threei}  *(US) SEPT HOUSE PRICE INDEX M/M: 0.2% V 0.4%E; Q/Q: 1.1% V 1.4%E
[10:01] {cipher} cov remainder cat .80 +.20
01[10:01] {Threei}  where is ese... good report to heckle us with, and he is slacking
01[10:02] {Threei}  nice one cipher
[10:03] {cipher} too sonn
01[10:03] {Threei}  LVS
01[10:03] {Threei}  same setup
01[10:03] {Threei}  only stop is .74
01[10:04] {Threei}  half out
01[10:04] {Threei}  .89
01[10:04] {Threei}  wow
01[10:04] {Threei}  market doesn't like good numbers
[10:04] {Will49} reports going over like a lead balloon
01[10:05] {Threei}  out LVS in full
01[10:05] {Threei}  too soon
01[10:06] {Threei}  housing price numbers were questionable
01[10:06] {Threei}  but I don't think this is what sinks the market
[10:06] {Will49} aren't all numbers questionable?
[10:08] {Will49} oh..i forgot, election is over
01[10:08] {Threei}  lol
01[10:08] {Threei} Short Setup: LVS  .90 break
01[10:08] {Threei}  If holds  46
01[10:11] {Threei} Short Setup: CAT  .50 break
01[10:11] {Threei}  If holds  .60
01[10:13] {Threei}  speaking of election, will... yesterday I found myself applauding NDP win, first time in my life
01[10:13] {Threei}  LVS 1:1
01[10:15] {Threei}  CAT 1:1
01[10:16] {Threei}  LVS, scalpers win
[10:16] {cipher} cov 1/2 cree .10 +.32
[10:16] {Will49} was your applause due to sewage treatment question?
01[10:17] {Threei}  market is set up for selloff, as premarket feeling was
01[10:17] {Threei}  no... die to alternative being Green
01[10:17] {Threei}  due
[10:17] {Will49} agree
[10:17] {Will49} I hate EM
01[10:18] {Threei}  as far as treatment goes, ironically NDP candidate was the only one wrong on the issue
[10:18] {Will49} She's your MP right?
01[10:18] {Threei}  and public seems to be against it... but voted for him anyway, lol
[10:18] {nemo} wow, this is pretty choppy
01[10:18] {Threei}  yes, and I am deeply ashamed
[10:18] {Will49} :)
[10:19] {Will49} So this new guy is now my MP
01[10:19] {Threei}  grr CAT
01[10:19] {Threei}  rinsed second half
[10:20] {cc_8} McMoRan Exploration Co (NYSE: MMR) shares lost 22.80% to create a new 52-week low of $7.45. Analysts at RBC Capital downgraded McMoRan Exploration from “outperform” to “sector perform.” .
[10:20] {cc_8} Cymer (NASDAQ: CYMI) shares jumped 1.14% to create a new 52-week high of $84.90. Cymer shares have surged 105.08% over the past 52 weeks, while the S&P 500 index has gained 17.66% in the same...
[10:21] {nemo} bounce setting up
[10:23] {nemo} bounced but choppy
[10:26] {cipher} TNA L .00
[10:27] {cipher} cov rest cree .10 +.32
01[10:28] {Threei}  wtg
[10:28] {cipher} cree l .20
[10:34] {scottie} fio l .20 ?
01[10:35] {Threei}  I'd take it here
01[10:35] {Threei}  aggressively
[10:35] {scottie} in .11
[10:35] {cipher} fio l .11
[10:38] {thomcbell} FB at yest pivot
[10:38] {thomcbell} 25.61
01[10:38] {Threei}  if SPY is serious about reversing, FIO shoulf be good to about .40
[10:38] {nemo} very choppy today
[10:39] {nemo} iwm low today only a few cents above pivot
[10:43] {nemo} market getting weaker again
[10:47] {cipher} financials moving higher
01[10:52] {Threei}  FIO time to shine
01[10:52] {Threei}  SPY put in trend reversal
[10:56] {scottie} rimm l .20 ?
01[10:56] {Threei}  not sure
[10:57] {scottie} fio half out
01[10:57] {Threei}  chart is right but I am really not enchated with the stock
[10:58] {scottie} stop .04
[10:59] {cipher} out cree .04 -.16
01[11:00] {Threei}  best quote I've heard in a good while:
01[11:00] {Threei}  �It is difficult to get a man to understand something, when his salary depends on his not understanding it.� ? Upton Sinclair
[11:01] {thomcbell} very nice
[11:03] {cipher} out tna in full .48 +.48
[11:03] {Will49} beauty
[11:03] {cipher} took a while
[11:04] {nemo} how much of a stop were you giving it?
[11:04] {cipher} around .20
[11:04] {cipher} knew the potential
[11:04] {cipher} it is my setup
[11:05] {robbers} nice, cipher, congrats.
[11:05] {cipher} ty
[11:09] {scottie} thanks Vad RIMM
[11:10] {nemo} pxp looks short
01[11:10] {Threei}  sure
01[11:11] {Threei}  this thing is nothing but dead cat
01[11:11] {Threei}  whole bounce in it in just that
[11:11] {scottie} out fio
01[11:11] {Threei}  idiots discuss how its new OS is goijng to revolutionize something and take market share back from AAPL
[11:12] {cipher} tna reload .43
01[11:12] {Threei}  this is pure bs, it bounced simply because it ran out of sellers for the moment
01[11:12] {Threei}  as far as market share is concerned, RIMM is toast
[11:13] {cipher} out tna .59
[11:15] {scottie} CREE s .90 ?
01[11:16] {Threei}  tw-sided I think
[11:16] {scottie} ok
[11:17] {scottie} missed it
01[11:20] {Threei}  jumpy
[11:24] {cipher} fio s .01
[11:27] {scottie} ebay l .90 ?
01[11:28] {Threei}  aggressive fior 51... yeah
[11:29] {scottie} in .90
[11:30] {cipher} cov fio .04 -.03
[11:30] {cipher} jumpy little sucker
[11:34] {scottie} offering first half at .99
01[11:35] {Threei}  getting a taste of aggressive entries, eh? :)
[11:36] {scottie} yes, slowly
[11:37] {scottie} half out
01[11:37] {Threei}  I love them
01[11:37] {Threei}  I wouldn't recommend a newer trader to start with them, but as soon as basic setup skeleton is mastered...
[11:39] {nemo} lvs
[11:39] {cipher} celg l .65
[11:40] {cipher} out .76
[11:52] {scottie} trying hard to break 51
[11:52] {nemo} LVS running
[11:53] {scottie} there
[11:57] {scottie} 1/4 more out
[11:58] {scottie} stop .99
[12:14] {scottie} out
01[12:15] {Threei}  conpare the trade to regular one
01[12:15] {Threei}  waiting for 51 break
[12:19] {scottie} yes, a lot more interesting
01[12:44] {Threei}  Record Powerball jackpot increased to $500 million for Wednesday's drawing amid soaring ticket sales
[12:44] {scottie} AKAM s .70 ?
01[12:44] {Threei}  I think so
[12:46] {scottie} in .69
01[12:47] {Threei}  have you noticed... everybody seem awfully calm about having less than 1 month left to live?
[12:47] {nemo} whaddya' gonna' do about it?
01[12:48] {Threei}  spend away... dance... drink... fight dragons and seduce princesses...
[12:49] {nemo} looks like Qs going for the 200 SMA
[12:59] {scottie} going nowhere3, stop .78
[13:05] {scottie} out
[13:47] {Will49} is everybody quietly contemplating the end of the world?
[13:47] {Will49} it's so quite
01[13:47] {Threei}  I know I am
[13:47] {Will49} quiet
01[13:47] {Threei}  I am monitoring the state of volcano
[13:49] {Will49} Our maui location is half-way up Holeakala (temorarily silent)
01[13:50] {Threei}  that one is silent, yeah. Mine is active
[13:51] {Will49} last erupted in 190
[13:51] {Will49} 1790
[13:52] {cipher} z l .25
[13:52] {cipher} out .53
01[13:55] {Threei}  wtg
[13:56] {cipher} TY
01[13:56] {Threei} Long Setup:  TNA  .60 break
01[13:56] {Threei}  If holds  .50
[14:00] {scottie} valid ?
01[14:00] {Threei}  yup
01[14:01] {Threei}  meh
01[14:01] {Threei}  hesitance to bid it up was the clue
01[14:01] {Threei}  qwidened spread over .60 but bid remained .57
[14:05] {Will49} guess that's your classic rinse eh?
[14:06] {Will49} your=global
[14:06] {Will49} not you Vad
[14:06] {scottie} bad execution, I went out at .40 for -.21. Very painful
01[14:06] {Threei}  wow
[14:07] {Will49} got out with a -.07
[14:07] {Will49} victory of sorts
01[14:07] {Threei}  first, not sure it was worth entry at all
01[14:07] {Threei}  there were a lot of shares at .61, why be the first to buy
01[14:08] {Threei}  spread widened, no bids went ip, pause in buying
01[14:09] {Threei}  not a situation where I'd be in a rush to enter
[14:10] {Will49} i just follow you blindly...like a puppy dog :)
[14:11] {Will49} maybe that "blindly" part needs fixing
[14:14] {nemo} not alot of follow through on anything so far this afternoon
01[14:22] {Threei}  (US) Senate Majority Leader Reid (D-NV): Little progress has been made in talks regarding the Fiscal Cliff
[14:22] {Will49} is that what woke up market?
01[14:22] {Threei}  oh god... now they'll torture us with these on again off again announcements till the last minute, lol
01[14:23] {Threei}  then they'll agree on some very ugly and meaningless compromise
01[14:23] {Threei}  that won't resolve anything
01[14:26] {Threei}  isn't it amazing how this show repeats itself over and over
01[14:33] {Threei} Long Setup:  TZA  .95 break
01[14:34] {Threei}  If holds  .90  for scalpers, .85 day traders
01[14:35] {Threei}  if SPY loses .50...
01[14:35] {Threei}  cascade, I am telling you... cascade
[14:36] {Will49} push everone ..push
[14:36] {Will49} everyone
[14:38] {nemo} tna .01
01[14:38] {Threei}  stop .89 for everyone now
[14:41] {nemo} partialed .13
01[14:45] {Threei}  ok TZA
01[14:45] {Threei}  it's time
01[14:45] {Threei}  you gave nemo his scalp, our turn now
01[14:45] {Threei}  this way everyone's happy
01[14:46] {Threei}  not that I care much about nemo's happiness, but...
[14:46] {nemo} mesodactyl to you too
01[14:47] {Threei}  but... I just know that you are miserable when you are happy
01[14:47] {Threei}  or when people care
01[14:47] {Threei}  so it's an act of mercy on my part
01[14:47] {Threei}  brrrreak
[14:47] {nemo} not sure how to take that
01[14:48] {Threei}  in stride
[14:49] {cipher} aegr s .27
01[14:50] {Threei}  was offering half at .04
01[14:50] {Threei}  come on
[14:55] {cipher} z s .43
[14:56] {nemo} vwap run
01[14:59] {Threei}  Buffet - "Tax Hikes On Rich Would "Raise Morale Of The Middle Class"
01[14:59] {Threei}  cretin
[15:01] {cipher} cov aegr .25 +.02
[15:02] {scottie}  Enough for me guys, see you all tomorrow
[15:02] {Will49} keep the faith Scottie
[15:02] {scottie} No prob will
[15:03] {nemo} spy and finnies weaker than iwm
[15:03] {nemo} Qs weak too
01[15:05] {Threei}  take care scottie
[15:17] {cipher} cov z .27 +.16
[15:20] {nemo} dont you want to short the spy or iwm here?
01[15:21] {Threei}  can't tell really
01[15:21] {Threei}  aimless drifting
01[15:21] {Threei}  no energy either way
[15:22] {nemo} yeah, iwm near vwap spy about .20 below, and Finnies below vwap, actually long might make more sense
01[15:22] {Threei} Long Setup:  FSLR  .45 break hl
01[15:22] {Threei}  If holds  .35
01[15:24] {Threei}  - White House Spokesman Carney: Denies talks are at an impasse. Any suggestion that the budget talks have broken down is wrong
01[15:24] {Threei}  sigh
01[15:34] {Threei}  and another sigh
01[15:39] {Threei}  Wow! -- Student-Loan Delinquencies Now Surpass Credit Cards
01[15:41] {Threei}  this market drop was totally out of whack
01[15:41] {Threei}  no setup, no pattern, no news
01[15:44] {Threei} Short Setup: JPM  .70 break
01[15:44] {Threei}  last attempt for today
01[15:44] {Threei}  If holds  .75
01[15:48] {Threei}  shrug
01[15:48] {Threei}  out
01[15:48] {Threei}  nothing fiollows through in this afternoon
01[15:48] {Threei}  have a good evening guys, see you tomorrow
[15:48] {Will49} maybe tomorrow!
[15:49] {Will49} Asta Lavista baby

Nov 26 2012

Quiet low volume day, slightly positive after two back-to-back 1:2 wins at the end of the day.

Session Time: Mon Nov 26 00:00:00 2012

[09:01] {scottie} good morning

01[09:02] {Threei}  morning scottie

01[09:06] {Threei}  some finally start admitting that debt that can't be repaid, won't

01[09:06] {Threei}  "But last Tuesday Lagarde... insisted, creditor countries would have to forgive the government in Athens a large share of its debt. "Nothing else will work," Lagarde said.

01[09:16] {Threei}  (GR) Germany Dep Fin Min Kampeter: 16 Euro members have rejected the OSI debt writedown for Greece, not just Germany in opposition- No need for additional Greek austerity measures - Euro currency will continue to exist in 5 year time

01[09:16] {Threei}  hmmm... this is interesting bet to take

[09:17] {thomcbell} FB

01[09:17] {Threei}  just won't quit, eh?

[09:17] {thomcbell} big respected firm upgrade - Bernstein 

[09:17] {thomcbell} said all the right things 

[09:17] {thomcbell} $23 to $33 based on monetizing mobile and revenue growth 

01[09:18] {Threei}  that's wide range

01[09:18] {Threei}  one thing may work against it all - its users come to hate it

01[09:19] {Threei}  if credible alternative appears, FB may find itself facing Myspace fate... the place emptied almost overnight

[09:19] {Beau} good morning

01[09:19] {Threei}  Beau :)

[09:20] {Will49} gm

[09:20] {cipher} gm

01[09:23] {Threei}  will, cipher :)

[09:29] {Les} hi

01[09:29] {Threei}  les :)

01[09:29] {Threei}  FB on watch for pullback

01[09:29] {Threei}  long entries for now on it

[09:30] {thomcbell} pullback from 24.82 went to about 24.64

01[09:31] {Threei}  SLW for long too

01[09:31] {Threei} Long Setup:  FB  .90 break

01[09:31] {Threei}  If holds  .80 

01[09:33] {Threei} Long Setup:  SLW  .95 break

01[09:33] {Threei}  If holds  .90 

01[09:35] {Threei}  half out SLW .04

01[09:36] {Threei}  FB 1:1

[09:36] {thomcbell} jpm very weak

[09:37] {thomcbell} big FB offers right at 25 

01[09:37] {Threei}  SLW, scalpers win

01[09:37] {Threei}  FB should take it easily

[09:37] {nemo} spy chopping

[09:39] {Les} faded slw long .98 cover half .90

[09:39] {thomcbell} $25.05 ish was pre-market high on FB

[09:40] {nemo} deck

01[09:40] {Threei} Long Setup:  RG  .50 break hl

01[09:40] {Threei}  grrr.. late

01[09:41] {Threei}  RIG that was

01[09:41] {Threei}  (CA) Canada Fin Min Flaherty to hold new conf at 10:30ET; no topic announced

[09:41] {Les} 1:2 slw full cover continue on paper

01[09:42] {Threei}  movie review I assume

01[09:42] {Threei}  SPY looks a bit psychotic today

01[09:43] {Threei}  FB should be good for 1:5

[09:44] {scottie} FB went down to .87, I got out at .88 !

01[09:44] {Threei}  1:2

[09:44] {scottie} What did I do wrong ?

01[09:44] {Threei}  nothing really, it was a discretionary moment

01[09:45] {Threei}  it dove so fast and bpunced back so furiously

01[09:45] {Threei}  often can be discounted as accidental move

[09:45] {nemo} slw above .85

01[09:45] {Threei}  1:3

[09:46] {nemo} fb may close the gap and go momo should hold a piece

01[09:46] {Threei}  look at it this way:

01[09:46] {Threei}  1:4

01[09:47] {Threei}  there are rules, and there is experience that helps you decide when the rules can be broken

[09:47] {thomcbell} nice freakin job Bad

01[09:47] {Threei}  in absence of that exprience, follow thwe rules

[09:47] {thomcbell} Vad

01[09:47] {Threei}  it takes time

[09:47] {nemo} slw 1:1

01[09:47] {Threei}  ty

01[09:48] {Threei}  out in full

01[09:48] {Threei}  .36

01[09:48] {Threei}  almost 1:5

[09:48] {cipher} wtg

01[09:48] {Threei}  ty

[09:49] {nemo} another entry fb above .40

[09:49] {Will49} nice call Vad

01[09:49] {Threei}  not sure about that one nemo... becomes a little hysterical

[09:49] {scottie} Nice call should've stayed in

01[09:49] {Threei}  can go either way, and fast

[09:49] {Will49} me too

[09:49] {nemo} yeah, it's gonna momo to the gap

[09:50] {nemo} those long tails below, they're trying to whack stops

[09:50] {nemo} they drop out right to the same level

[09:51] {nemo} wow, that's amazing

[09:52] {nemo} that's some funny action

[09:52] {Les} crap pulled out after .05 with those funny tails

[09:53] {Les} my p&l was telling me I was .35 in the red

[09:53] {cipher} s fb .80

[09:53] {Will49} tks nemo +.35

[09:54] {cipher} cov .70

[09:54] {thomcbell} the guy with the upgrade is about to go onto Bloomberg radio sortly

[09:54] {thomcbell} shortly

[09:54] {thomcbell} if he qualifies comments it could be a decent retrace

[09:54] {cipher} my p&l is off too

[09:55] {cipher} but only while pos is on

[09:55] {cipher} then it recalculates

01[09:56] {Threei}  only on FB btw

[09:56] {cipher} yes

01[09:56] {Threei}  there was some interruption in its vhart

01[09:56] {Threei}  chart

01[09:56] {Threei}  while Level 2 and T&S remained fine

[09:57] {cipher} charting couldn't keep up

[09:57] {scottie} Same here

01[09:58] {Threei}  nice top nail cipher

[09:58] {cipher} yeah but chickened out

01[09:58] {Threei}  can't blame you

01[09:59] {Threei}  these thing are like freight train

[09:59] {cipher} yep

01[09:59] {Threei} Long Setup:  FCX  .70 break

01[10:00] {Threei}  no go

01[10:00] {Threei}  SPY another spasm

01[10:03] {Threei} Short Setup: LVS  44 break

01[10:03] {Threei}  If holds  .10 

[10:03] {cipher} cat l .49

[10:04] {cipher} out 1/2 cat .60

[10:05] {cipher} out in full .68 

01[10:06] {Threei}  nice

01[10:06] {Threei}  I was looking at it a few times, never saw entry to call

01[10:09] {Threei} Short Setup: FB  .70 break

01[10:09] {Threei}  LVS is valid

01[10:10] {Threei}  FB stop .76

01[10:10] {Threei}  let's keep it tight

01[10:11] {Threei}  better be live chicken than dead lion

[10:11] {Will49} :0

[10:12] {Will49} :)

01[10:12] {Threei}  half out FB

01[10:12] {Threei}  stop .72

01[10:13] {Threei}  scalpers win

01[10:13] {Threei}  tough thing to short

01[10:14] {Threei}  LVS stop .06

[10:15] {Les} l tza .15 stop below .10

01[10:15] {Threei}  1:1

01[10:17] {Threei}  (GR) Greece PM said to need a decision on the loan tranche today; Govt may collapse if an agreement is not reached on the �31.5B

01[10:18] {Threei}  collapse already please

[10:18] {Will49} could be Zorba's last dance

01[10:18] {Threei}  now, fate of EU seems to be dependent on the size of bladders:

01[10:18] {Threei}  Eurogroup to take 1 hour break for technical work before returning to meetings on Greece

[10:19] {Les} stop flat spy looking long

[10:23] {Les} indexes holding on by skin of their teeth

01[10:25] {Threei}  LVS is ready for second leg

[10:27] {nemo} this is long setup spy iwm, gonna' test the other side of the rainge soon

[10:27] {nemo} range

[10:27] {nemo} iwm may drop to .33ish

[10:28] {Will49} is LVS two-way?

01[10:28] {Threei}  ?

01[10:28] {Threei}  it's not a new setup

01[10:29] {Threei}  continuation of the short from 44

[10:29] {Will49} tks

[10:30] {thomcbell} short setup FIO 24 break 

[10:30] {thomcbell} if holding 24.10

[10:42] {thomcbell} fIO invalidated

[10:50] {thomcbell} FB very impressive 

01[10:54] {Threei}  48% Think New Tax Money Will Go to New Programs, Not Deficit Reduction

01[10:54] {Threei}  duh

01[10:55] {Threei}  stranger things may have happened but not often: Pravda published article in which it accuses America of being run by communists

[10:57] {Les} takes one to know one

01[10:57] {Threei}  that was my first thought

[10:57] {nemo} yeah saw that and of course coming from them it must be the "Truth"

01[10:58] {Threei}  article overall is bs, and full of bs, but one phrase in it rings true

[10:58] {nemo} Obama is a communist?

01[10:58] {Threei}  no, lol

01[10:59] {Threei}  President Vladimir Putin could never have imagined anyone so ignorant or so willing to destroy their people like Obama much less seeing millions vote for someone like Obama. They read history in America don't they?

[10:59] {nemo} no

01[10:59] {Threei}  During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself.

01[11:00] {Threei}  then again, in the next breath he says:

01[11:00] {Threei}  Honesty and hard work, responsibility and faith in our strength are bound to bring us success.

01[11:00] {Threei}  which coming from him is beyond funny

01[11:02] {Threei}  grrr LVS

01[11:02] {Threei}  did you have to rinse second half before dropping?

[11:02] {Les} LVS - "yes"

01[11:03] {Threei}  this market drop is tough to play... those guys with small bladders return from their break and announce Greece deal, you don't want to be caught short

01[11:03] {Threei}  they say "no deal today," you don't want to be long

01[11:04] {Threei}  so, gotta wait a little

01[11:05] {Threei}  meanwhile, since I had enough time to work with photos and catch up with my backlog, a few to look at:

01[11:05] {Threei}  http://photography.realitytrader.com/2012/11/family-life-of-great-blue-herons.html

01[11:05] {Threei}  http://photography.realitytrader.com/2012/11/centennial-square-fountain-and-ferris.html

01[11:05] {Threei}  http://photography.realitytrader.com/2012/11/downtown-christmas-lights.html

[11:05] {Les} show em the hotel with the swiss flag

01[11:05] {Threei}  in third link... but you need an eye exam {G}

[11:14] {scottie} ANN s .70 ?

01[11:14] {Threei}  yup, nice setup

01[11:15] {Threei}  and if they postpone decision once again (which is most likely outcome) while trade's in progress, it should be gold

[11:18] {nemo} spxu argualbly long on drop of the low, to retest Friday lows

[11:18] {cipher} +.07 ann thx scottie

[11:19] {nemo} also arguably long here two way

[11:19] {nemo} spy that is

[11:19] {scottie} yw cipher

[11:22] {nemo} I'm seeing alot of red stocks, and the indexes aren't dropping, so they may be using the futures to hold up the indexes

01[11:23] {Threei}  you mean THEY

[11:23] {nemo} of course

01[11:24] {Threei}  EU Budget Is Not Likely to Be Finalized in 2012

[11:24] {nemo} btw...watched the movie "Network" last night, hadn't seen it in a Vad's-age.  What a great movie

[11:25] {nemo} the dialogue is fantastic

01[11:25] {Threei}  what's with socialists not having budgets on both sides of the paddle?

01[11:25] {Threei}  even USSR had them (misreable as they were)

[11:25] {nemo} 5 year plans

01[11:25] {Threei}  US President Obama reportedly to name Elisse Walter as new SEC Chairperson

01[11:37] {Threei} Long Setup:  FB  .95 break

01[11:38] {Threei}  If holds  ,85 

01[11:42] {Threei}  target 1:3

01[11:42] {Threei}  should break 26 and, ummm... iksplode

[11:43] {Will49} I hopzo

01[11:46] {Threei}  (US) President Obama and House Speaker Boehner were said to have spoken by phone to discuss the fiscal cliff this weekend - financial press- Staff negotiations are said to have continued this weekend as well, talks going slowly. ***Reminder: On Nov 25th, Sen Durbin (D-IL) said that little progress toward resolving fiscal cliff was made over the prior 10 days while Congress was off session

01[11:52] {Threei}  can't tell whether it's losing drive or it's simply a low volume pullback

[11:54] {cc_8} Zhongpin (NASDAQ: HOGS) shares moved up 15.38% to $12.53 at 10:30 am. The volume of Zhongpin shares traded was 1928% higher than normal.

01[12:00] {Threei}  stop

01[12:08] {Threei}  rinse... can't believe it

[12:11] {thomcbell} Hey VAd if it was easy everyone would trade for a living 

01[12:11] {Threei}  oh

[12:11] {thomcbell} hehehe :(

01[12:11] {Threei}  I never thought of it this way

01[12:11] {Threei}  {GGG}

01[12:18] {Threei}  I am willing to give it one more chance

01[12:18] {Threei} Long Setup:  FB  26 break

01[12:26] {Threei}  Invalidated  

01[12:28] {Threei}  - Concerns about the fiscal cliff are trumping strong holiday spending this morning. Yesterday key Demcratic Senator Durbin commented that little progress was made toward resolving fiscal cliff during Congressional recess over the past 10 days.

01[12:28] {Threei}  - FX markets have been relatively quiet during as participants await news from the latest Eurogroup meeting on Greece. Achieving debt sustainability for Athens is the continuing goal, although opinions are mixed as to whether a deal is possible today. The current Greek government may fall if a deal is not reached.

01[12:29] {Threei}  may we be so lucky

[12:37] {thomcbell} lvs really got its footing 

01[12:46] {Threei} Short Setup: ALK  .40 break hl

01[12:46] {Threei}  If holds  .50 

01[12:57] {Threei}  sigh

01[12:57] {Threei}  action stopped

[13:00] {scottie} EBAY l .60 ?

01[13:00] {Threei}  short side looks better to me

[13:00] {scottie} ok

01[13:01] {Threei} Short Setup: MHP  .50 break hl

01[13:11] {Threei}  (GR) ECB said to be open to idea of re-accepting Greek govt bonds as collateral if the Greece aid tranche is approved - financial press- ECB also said to be considering options helping Greece reduce its funding gap, including the idea of a Greek bond rollover and buyback, or using investment portfolio profits to buy Greek bonds

01[13:13] {Threei}  France Industrial Min Montebourg said that the government is working on a temporary nationalization of MT's steelworks Florange and said it does not want to see Mittal continue operations in France. ArcelorMittal and the French government have been at odds for months over the company's plan to shut down two blast furnaces in Florange

01[13:13] {Threei}  nice

01[13:13] {Threei}  1:1

01[13:22] {Threei} Long Setup:  LOW  .20 break

01[13:23] {Threei}  If holds  .15 

01[13:23] {Threei}  if loses .15, rather look for aggressive entry

01[13:23] {Threei}  around .10

01[13:26] {Threei}  (GR) IMF said to be seeking EMU cut to Greece debt of approx 20%/GDP immediately, with additional cuts at a later date - financial press

01[13:27] {Threei}  isn't it funny... they seek toforgive Greece debt in order to be able to give it more loans

01[13:27] {Threei}  I presume to forgive them too later

01[13:28] {Threei}  all the while Germany says our parlament won't allow it

[13:30] {nemo} verdammten Kreuter

[13:36] {nemo} if aapl breaks to new highs, indexes likely have a prty

[13:41] {scottie} FL l .85 ?

[13:42] {scottie} late

01[13:42] {Threei}  if pulls back to around .80, secondary entey

[13:44] {scottie} in .86

[13:47] {scottie} tears over ebay

06[13:48] * Threei passes scottie a tissue

01[13:48] {Threei}  don't hold the whole box though, O need some too

[13:48] {scottie} should be more confident with my setups

01[13:48] {Threei}  O=I

01[13:49] {Threei}  FL works

[13:50] {scottie} half out

[13:50] {nemo} iwm and spy long here

[13:52] {scottie} out in full

01[14:06] {Threei} Short Setup: FB  .90 break

01[14:08] {Threei}  formed top, formed descending channel.. if this is not a short, I dunno what is

01[14:09] {Threei}  jeez, will, stop feeding that cat, it'll never leave

01[14:09] {Threei}  A cougar sighting in James Bay this morning... police are patrolling the area

[14:10] {Will49} They sighted my wife

[14:10] {Will49} gotta keep her in the house

01[14:14] {Threei}  change FB to 26 break

01[14:17] {Threei}  (US) President Obama to meet with corporate CEOs on Wed, Nov 28th to discuss budget issues - financial press ***Note that Obama and various CEOs met two weeks ago to discuss the impact of the fiscal cliff.

01[14:17] {Threei}  (US) Senate Majority Leader Reid (D-NV): Optimistic a deal can be reached to avert the fiscal cliff; urges House to pass Senate tax-cut bill - Senate Minority Leader McConnell (R-KY): Focus of budget talks must be on cutting spending, Republicans are open to new revenue with the promise of entitlement reform

01[14:23] {Threei}  give me 1:3 FB

01[14:30] {Threei}  1:1

[14:47] {Les} news JPM?

01[14:49] {Threei}  nothing fresh

01[14:49] {Threei}  looks to me long on .60 break

[14:51] {Les} l tna just noticed the finnies lagging

01[15:09] {Threei}  JPM 1:1

01[15:11] {Threei}  anyone's breathing?

[15:12] {cc_8} yes

[15:12] {Will49} barely

[15:12] {scottie} no

[15:12] {Les} considering it

[15:12] {Will49} kind of a breatless day

[15:12] {Will49} breathless

[15:13] {Will49} might also be a breastless day

01[15:14] {Threei}  hmmm

01[15:14] {Threei}  I refuse to have this kind of day

[15:14] {Will49} lol

01[15:14] {Threei}  1:2 FB

01[15:15] {Threei}  with these two life becomes better

01[15:17] {Threei}  how considerate: Egypt's Muslim Brotherhood calls off Tuesday demonstration in support of President Morsi to avoid clashes

01[15:25] {Threei}  oh well, no 1:1

[15:25] {scottie} out fb, took +.10 and +.20, tks Vad

01[15:25] {Threei}  :)

01[15:48] {Threei}  come to 1:2 JPM

01[15:50] {Threei}  good boy

01[15:50] {Threei}  out in full

[15:50] {Les} IWM HoD

[15:51] {Will49} CU L8TR guys

01[15:52] {Threei}  thank you all

[15:52] {Les} ciao will

01[15:52] {Threei}  have a good evening

01[15:52] {Threei}  see you tomorrow

[15:52] {Les} cheers

[15:52] {scottie} gn

Market Week Wrap-Up

Markets rebound on hopes that Europe bailouts and Fiscal Cliff can find resolution


After several straight weeks of political concerns exerting downward pressure on equity markets, they snapped back smartly this week. European bourses had their best week of the year, shaking off a Moody's downgrade of France's AAA rating and the EU's failure to agree on a long term budget. Risk on sentiment was attributable to the hopes that leaders in Europe and the US could finally get their houses in order before the New Year. Negotiations on finalizing the revised Greek bailout package continued to grind ahead, with final details expected to be negotiated this weekend ahead of another Eurogroup conclave this coming Monday. This timetable would still allow Greece to receive the anticipated aid tranches in early December. Politicians in Washington were on a holiday break, so optimism from last week's bipartisan Congressional press conference still lingered, though tough negotiations are still ahead. Economic data helped sentiment too, starting with China HSBC Flash Manufacturing PMI on Wednesday posting its first growth reading in 13 months, possibly signaling the slowdown in Chinese growth has bottomed out. The German IFO Business Climate index showed its first rise in seven months, and US saw some more signs of strength in the housing market, with the NAHB Housing Market Index hitting a 6-year high and monthly Housing Starts coming in well above expectations. Trading in crude futures calmed this week as Israel and Hamas agreed to terms of a ceasefire on Wednesday, and so far the truce has held. Gold gained some ground as it tested its 50-day moving average on Friday, to end the week up 2%. Early indications from retailers are that Thanksgiving Day and Black Friday sales have gotten the US holiday shopping season off to a good start. Equity markets erased most of the losses seen in the last two weeks and had their best week since June: the S&P500 rose 3.6%, the Nasdaq added 4%, and the DJIA gained 3.3%, to close above 13,000 for the first time since November 6.

Moody's became the second credit-rating agency to strip France of its AAA rating on Monday evening. Moody's warned that a sustained loss of competitiveness and the failure to tackle structural problems prompted the decision to downgrade France. French Finance Minister Moscovici found a silver lining to the downgrade, claiming it would force leaders to agree to pursue reforms, however the development will have repercussions even though yields on French debt barely wavered in the aftermath of the move. To begin with, Moody's said the downgrade would impact the rating of the ESM/EFSF bailout facilities, and the EFSF was forced to delay the auction of three-year notes on Tuesday.

Hewlett-Packard shares collapsed to near 10-year lows after reporting accounting irregularities at its recently acquired Autonomy unit. On an adjusted basis, HP more or less met expectations in its Q4 results, however revenue fell nearly 7% y/y and after charges the firm racked up a huge quarterly loss, and Q1 EPS guidance was well below expectations. The firm took an $8.8B 'kitchen sink' charge in the quarter, blaming $5B of that on "serious accounting improprieties and outright misrepresentations" at Autonomy Corporation, which it acquired last fall. CEO Whitman said the board's due diligence had relied on financials audited by Deloitte, and said management had brought the accounting issue to the attention of US and UK regulators. A spokesman for the former Autonomy CEO shot back, saying the allegations were totally false and the due diligence was intensive.

Best Buy also had a terrible quarter, missing earnings targets by a very wide margin in its Q3 report. Overall sales were down on y/y basis and comps were equally bad. Executives continue to blame the poor overall economic environment, competition from online sites and customers holding back on purchases ahead of new product launches. Investors were clearly disappointed with Deer & Co Q4 results as well. Shares slid 4% after coming up short of consensus estimates on the bottom line and offering conservative guidance for 2013.

Saleforce.com was a noticeable bright spot among the week's earnings reports. Shares rose 8% after reporting Q3 earnings and sales exceeded expectations and the CEO said that the strong response to next generation cloud technologies will enable the company to surpass a $4B annual revenue run rate next year.

Energy markets went for a bit of a ride as traders watched headlines out of the Mideast closely. On Monday, the violence escalated as Israel bombed strategic targets in Gaza city and Hamas continued to lob rockets toward major population centers. As Israel called up tens of thousands of reservists in what was seen as a prelude to a ground incursion into Gaza, the rhetoric on both sides did little to quell the speculation of a larger conflict and oil prices rose sharply. By mid-week reports began to surface that the new Egyptian President had brokered a cease fire and as a result energy prices backed off, despite US stockpile data from both the API and EIA that indicated large draw downs across all three categories. For the week WTI and Brent each finished up more than 1.5%, but well off the Monday highs.

US Treasury markets spent much of the week on the defensive. Some speculated traders were unwinding positions ahead of thinner holiday shortened trade, as well as potentially reacting to some of the more positive comments made by Fed Chairman Bernanke. On Tuesday the Chairman suggested the financial crisis lowered the potential of US GDP growth below 2.5% and reiterated that the Fed has no means of offsetting the fiscal cliff, so Washington needs to find a solution. He also noted that a resolution to the fiscal cliff would have a positive impact on growth and the housing market has seen clear signs of improvement.

In Forex markets, the week began with a rise in risk appetite as sentiment that negotiations on a deal to avoid the fiscal cliff were productive which weighed upon the USD and JPY currencies. The EUR/USD started the week with a move over 1.2780 level. The currency was able to shake-off the French sovereign downgrade with growing optimism that Eurogroup would soon reach an acceptable agreement on Greece debt sustainability in order to release the next tranche payment before the country goes bankrupt in mid-December. The FX market was betting on a Greek solution with the Greek 10-year yield falling below the 16% level for its best post debt restructuring reading and the EUR/USD found the momentum to sustain a move above its 200-day moving average at 1.2804. The pair hit a 3-week high at 1.2915 after Friday's German IFO Survey registered its first month over month improvement in seven months.

The USD/JPY pair hit fresh 7-month highs while EUR/JPY cross tested above the 106 handle for 6-month highs. A number of factors were cited for the weaker JPY currency including a wider than expected Japan merchandise deficit, Japanese LDP opposition election platform and dealer chatter of M&A flows with rumor that Softbank had started buying USD for acquisition of Sprint with cited. The JPY was off its worst levels by Friday after LDP opposition leader Abe changed his FX intervention rhetoric that he was not thinking of currency intervention to weaken the JPY currency and wanted the BOJ to address strong yen through monetary policy.



  TradeTheNews

Nov 21 2012

Pretty much empty day with narrow range, lacking in both volatility and volume. We decided to skip Friday as trading is not likely to offer much on that half-day, so Monday Nov 26 is the next trading session.


Session Time: Wed Nov 21 00:00:00 2012
01[09:02] {Threei}  robbers... http://goo.gl/f5eVC
[09:05] {dino} gm
01[09:05] {Threei}  dino :)
[09:12] {scottie} good morning
01[09:12] {Threei}  scottie :)
01[09:12] {Threei}  how's your wife?
[09:12] {scottie} She's OK now, but have to go back to the doctor this afternoon, tks for asking
[09:12] {cipher} gm
01[09:13] {Threei}  good to hear
01[09:13] {Threei}  cipher :)
[09:18] {Will49} gm
[09:18] {Beau} good morning
01[09:19] {Threei}  will, beau :)
[09:19] {Will49} This is a full day of trading right?
[09:20] {Will49} should say....trading, right?
01[09:20] {Threei}  yes, lol
01[09:21] {Threei}  so, anyone ever found themselves being shout at by a hummingbird?
01[09:21] {Threei}  http://goo.gl/f5eVC
[09:22] {Will49} excellent!
01[09:22] {Threei}  she was really scandalous
[09:22] {Will49} it is giving you the evil eye
[09:23] {Will49} how do you know it's a "she"?
01[09:23] {Threei}  that's nothing... when I came out to take the empty feeder off, two of them were really agnry
01[09:23] {Threei}  one was chirping in higher pitch... I assumed it was a she
[09:23] {Will49} :)
01[09:24] {Threei}  and when I was hanging refilled feeder back, one of them hovered less than 1 ft from my ear
[09:24] {Will49} eyeing your beard as a nesting place
01[09:25] {Threei}  lol
[09:27] {Raven} sigh
[09:27] {robbers} lol Will.
01[09:28] {Threei}  Raven... you don't consider them birds or what? :)
[09:28] {Raven} lol ... good story
[09:29] {ese} morning
01[09:29] {Threei}  robbers, you don't have facebook account?
01[09:29] {Threei}  ese :)
[09:30] {ese} neither do I
[09:30] {robbers} Yeah, just don't use it much, but I saw your photos yesterday.
[09:30] {Les} afternoon
[09:30] {ese} les
01[09:30] {Threei}  Les :)
[09:30] {Les} good evening and goodnight
01[09:30] {Threei}  you can subscribe to mine to see the updates
[09:30] {ese} afternoon?
[09:30] {ese} or ya right
[09:31] {ese} your on the other side
01[09:31] {Threei} Short Setup: FCX  .25 break hl
01[09:31] {Threei}  If holds  .35
01[09:32] {Threei}  trail to .31
01[09:33] {Threei}  out
[09:34] {ese} wow....that was interesting that one
[09:34] {Les} wow opened fusion with FB on screen...
01[09:35] {Threei}  rinse
01[09:35] {Threei} Short Setup: FB  .40 break
[09:36] {Will49} ripper
[09:36] {Les} .70 half pivot
[09:36] {Les} .85 r3
01[09:36] {Threei} Short Setup: FB  .60 break
01[09:36] {Threei}  If holds  .70
[09:37] {Les} 2nd entry?
01[09:37] {Threei}  on the same setup
01[09:38] {Threei}  FCX is dirty rotten scoundrel
[09:39] {Les} seen that film once
01[09:39] {Threei} Short Setup: SLW  .05 break
01[09:39] {Threei}  If holds  .15
[09:39] {dino} funny movie
01[09:40] {Threei}  both invalidated
[09:42] {ese} L btu .01
[09:42] {dino} clf hl l .68
01[09:43] {Threei} Long Setup:  RIG  .30 break hl
01[09:43] {Threei}  If holds  .20
01[09:43] {Threei}  Invalidated
[09:43] {Les} damn no .85 dt to work with on FB
[09:44] {Les} unless those two 1 min. candles was it?
01[09:44] {Threei}  meh
[09:44] {Will49} is this market fast cause neom's away? :)
01[09:44] {Threei}  questionable setup
[09:44] {Les} k
[09:44] {Les} last thing i want
[09:44] {Will49} nemo
[09:45] {dino} clf stop -.24
[09:46] {ese} hmmmmmmm...wondering if I should have at least taken 1/2 at .15 to .17
[09:46] {ese} out .01 +/- .00
[09:47] {Les} vwap is here ese.
[09:47] {dino} ppo spike, thinny
[09:47] {ese} ya see that.......sypders going against me
01[09:48] {Threei} Short Setup: FB  .70 break
[09:48] {ese} error in judgement on my part this morning
01[09:48] {Threei}  If holds  .80
01[09:49] {Threei}  change to .75 break
01[09:49] {Threei}  If holds  .85
[09:49] {ese} L btu .94
[09:50] {ese} agressive entry
01[09:50] {Threei}  this is valid double top
[09:51] {ese} \counting on sypders
[09:51] {Les} dt or lower high?
[09:51] {dino} de gap around 81.26
01[09:51] {Threei}  both
[09:51] {ese} yup
01[09:51] {Threei}  double top with lower second top
[09:51] {Les} k
01[09:52] {Threei}  1 cent to 1:1... if very skittish, trail stop to .82
[09:54] {Les} out and back in and half out
[09:54] {ese} rats stopped .79 -,16
[09:54] {ese} btu
[09:54] {ese} was a good run for a week and a bit
[09:54] {dino} zlc hl l .21
01[09:55] {Threei}  *(US) NOV FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 82.7 V 84.5E
01[09:55] {Threei} Long Setup:  AIG  .40 break
[09:56] {ese} in .40
[09:56] {ese} agressive
[09:57] {ese} my personality this morning what can i say
01[09:57] {Threei}  kind of that hummingbird....
[09:57] {ese} ?
01[09:57] {Threei}  http://goo.gl/f5eVC
01[09:58] {Threei}  yelled at me for not refilling its feeder in time
[09:58] {ese} awesome picture
[09:59] {ese} aig .35 stop
[09:59] {Les} out FB 2nd half flat. feels like new break coming
01[10:00] {Threei}  *(US) OCT LEADING INDICATORS: 0.2% V 0.1%E
[10:00] {ese} stopped aig .35 -.05
[10:00] {Les} on the booze already ya bum
[10:01] {nemo} Of course...I'm in south jersey
[10:01] {ese} hmmmmmmmm......it's one of dem days
[10:01] {nemo} strated drinking at 2:38 am when I got here
[10:01] {Les} wasn't that state washed into the sea?
[10:01] {nemo} up near NY, yeah
01[10:01] {Threei}  you must really like your brokwer ese... buying before trigger, selling before stop :)
[10:02] {ese} .05 was good for the number of shs i had going
[10:02] {ese} and no.........can't stand them
01[10:03] {Threei}  - Conference Board: "Based on current trends, the economy will continue to expand modestly through the early months of 2013. Hurricane Sandy, which is not yet fully reflected in the LEI, will likely adversely affect consumer spending and home building in the short-term, but it's too soon to gauge the net impact. In addition, the outcome of the fiscal cliff debates is another factor which could alter the outlook."
[10:03] {ese} these days come along periodically...........one has be to at one with them..........
[10:03] {ese} did I just that........i have to be nuts
[10:04] {thomcbell} fb feels higher
01[10:04] {Threei}  yeah
[10:06] {dino} zlc to .44
01[10:06] {Threei} Long Setup:  CAT  .90 break
[10:06] {dino} 07 red
01[10:06] {Threei}  If holds  .80
[10:07] {dino} still red
[10:08] {ese} Les........you using free stock charts for vwap calculation........thats what i've been using since nemo put me on to it
[10:08] {Les} cool
[10:08] {ese} .com
[10:08] {dino} me too ese
01[10:08] {Threei}  come on kitty, move
[10:09] {ese} it's a great deal
01[10:09] {Threei}  wityh any SPY bounce 1:2 at least, possibly 1:3
[10:09] {ese} free
[10:09] {dino} cannot get better
01[10:09] {Threei}  come on guys... of copurse it can
01[10:10] {Threei}  they can pay you for using them
[10:10] {dino} zlc to .49
01[10:10] {Threei}  why do you settle
01[10:10] {Threei}  demand what's rightfully yours
01[10:10] {Threei}  write to them and insist on 5K a month for using their site
[10:10] {dino} to .59
[10:11] {dino} out zlc slippage. 58, +.37
[10:15] {ese} gotta go all......have a great day....see you tomorrow
01[10:15] {Threei}  1:1
01[10:15] {Threei}  take care ese
[10:18] {thomcbell} long small fb looking for 24.10
01[10:18] {Threei}  AIG is valid again
01[10:18] {Threei}  thought of pullback entry but it never gave any setup there
[10:19] {Les} ditto thomc
01[10:19] {Threei}  clear sky above, CAT
01[10:20] {Threei}  1:2
[10:20] {scottie} cat +.18 tks Vad
01[10:20] {Threei}  :)
[10:20] {Will49} .21 tks
01[10:21] {Threei}  yw
01[10:22] {Threei}  1:3, out
[10:23] {Les} out fb flat
01[10:27] {Threei}  (IR) Iran Central Bank: have significantly increased gold reserves, have avoided major negative impacts to the economy from international sanctions
[10:27] {Les} l tna .95
[10:27] {Les} half out .05
[10:27] {Les} stop to b/e
[10:28] {nemo} what's volume like this morning?
01[10:29] {Threei}  not catastrophically low but on a lowish side
[10:30] {Will49} wow... 6 syllables!
[10:31] {Will49} high of the day
01[10:31] {Threei}  hmmm
01[10:31] {Threei}  I need to back off
01[10:31] {Threei}  speak in singles
[10:31] {Les} all out .98
[10:31] {Les} think we go lower
01[10:32] {Threei}  look at CAT
[10:33] {Will49} no...i refuse
01[10:33] {Threei}  I understand
01[10:33] {Threei}  dog people might not want to
[10:34] {nemo} tree good fire bad
01[10:34] {Threei}  yes
01[10:35] {Threei}  that's my neanderthal speak
[10:35] {nemo} Can't remember the last time I started drinking at 3 am
[10:35] {Will49} no wonder you can't remember
[10:35] {Les} why didn't u just stay at home and drink?
[10:36] {Will49} scottie and I kick the CAT
[10:36] {dino} 7 hour shift, thats pretty good nemo
01[10:36] {Threei}  1:frikin 7
[10:37] {Les} crap so much for me thinking
[10:38] {nemo} huh?  visit this side of the family on Thanksgiving...they can put up with me for a couple of days once a year
[10:38] {Les} you've got family?
01[10:38] {Threei}  but they expect medal for that
[10:39] {nemo} Yeah, once in a while one or two of them end up institutionalized for a week or two
[10:39] {thomcbell} out FB
01[10:39] {Threei}  wtg
[10:40] {nemo} I'm looking at FSC...pretty quiet
[10:40] {nemo} looks like a short might be setting up on spy spxu
01[10:41] {Threei} Long Setup:  BBY  .70 break
01[10:41] {Threei}  oops, late
[10:41] {nemo} tza here if it breaks trend, only think iwm pivot at .11
01[10:41] {Threei}  ok, valid
01[10:41] {Threei}  same setup
01[10:41] {Threei}  stop under .60
01[10:41] {Threei}  target 1:2
01[10:43] {Threei}  nope
[10:45] {scottie} GME l .75
[10:46] {scottie} ?
01[10:46] {Threei}  I'd rather try for aggressive near .70 with stop undr .65
01[10:47] {Threei}  late for that...
[10:47] {Les} TZA long here?
[10:48] {Les} .91?
01[10:48] {Threei}  can't tell
01[10:48] {Threei}  no firm read on SPY
[10:49] {scottie} swn l .10 ?
01[10:50] {Threei}  chart is right... market is near the lows...
[10:50] {dino} sm l bidu .05
[10:50] {scottie} missed it
01[10:54] {Threei}  LOL:
01[10:54] {Threei}  PIMCO ?@PIMCO
01[10:54] {Threei}  Gross: OBAMA pardons the wrong Turkey. Congress with its fiscal cliff and debt ceiling antics should have been eaten on Nov 6th.
[10:55] {nemo} looking like no momentum either way...surprse
[10:56] {dino} gut says up
[10:57] {dino} out bidu .45, +.40
01[10:57] {Threei}  mine is totally silent
[10:57] {dino} actually hungry, ran out of peanuts
[10:57] {Les} got 3 min bullish divergence on spy. could be up
[10:59] {dino} lxu drop thinny
[11:00] {Les} VWAP is serving as resistance for every attempt SPY makes
[11:01] {scottie} ev l .60 if holds .50 ?
01[11:02] {Threei}  yes, but from under .50 would be even better
01[11:02] {Threei}  if holds .40 of course
[11:03] {scottie} in .52
[11:10] {dino} tlys l .81
[11:13] {dino} lxu drop
[11:15] {scottie} out -.15
[11:16] {dino} lxu sm l .85
[11:17] {Les} RIG
01[11:21] {Threei}  - US stock trading is fairly quiet ahead of the Thanksgiving holiday. Indices opened near the flat line despite EU and IMF officials being unable to come to a resolution on Greece at last night's finance ministers meeting. US Treasury markets are seeing some selling for the second straight session as some speculate traders are unwinding positions ahead of thinner holiday trade, as well as potentially reacting to some of the more positive comments made by Fed Chairman Bernanke yesterday. Reminder, US stock and bond markets are closed tomorrow and both close early on Friday
01[11:22] {Threei}  which btw requires a decision by us
01[11:22] {Threei}  do we want Fri trading?
[11:22] {nemo} interesting...financials are weak
[11:22] {nemo} no
01[11:22] {Threei}  your decision guys
[11:23] {nemo} that will be a lesson in futility unless something blows up
[11:23] {dino} most likely not
01[11:23] {Threei}  who wants to trade half day on Fri, raise your hand
01[11:23] {Threei}  if none are raised, I'll sleep in
[11:23] {Will49} no preference
[11:24] {Will49} why not trade?
[11:24] {scottie} long weekend is ok for me
01[11:25] {Threei}  not very likely to produce any readable activity will
[11:25] {Will49} ok then, i vote to sleep in
01[11:25] {Threei}  half day between the holiday and weekend
01[11:25] {Threei}  turkey-filled stomachs
01[11:25] {Threei}  the only reason the market is open at all is 3 days rule
[11:26] {Will49} and people drinking till 3 am
01[11:26] {Threei}  right
01[11:26] {Threei}  let's do this:
01[11:26] {Threei}  in Thu evening, or overnight you hear something extraordinary in the news,
01[11:27] {Threei}  like full-blown war, EU self-dissolving, Congress self-dissokving, FED admitting 100 years of gross incompetence,
01[11:27] {Threei}  Justin Bieber marrying Celine Dion
01[11:28] {Threei}  etc
01[11:28] {Threei}  come in
[11:28] {scottie} or Vad not swearing not to eat bacon ever
[11:28] {scottie} Vad swearing
01[11:28] {Threei}  right
01[11:28] {Threei}  otherwise, don't bother
[11:28] {Will49} nemo taking a pledge of abstaining from insults
[11:29] {Will49} although he has mellowed, no?
[11:29] {scottie} NCR l .55 ?
01[11:30] {Threei}  nah, too narrow
[11:30] {scottie} ok
01[11:35] {Threei}  My sense of humor is warped, granted - but surely I can't be the only one who finds this funny:
01[11:35] {Threei}  (GR) According to Troika Baseline Scenario, Greek debt to fall to 144% by 2020 and 133% by 2022, 111% by 2030 from current 170% level without extra debt reduction measures
01[11:35] {Threei}  2030?
01[11:36] {Threei}  "sheik or donkey or I will be dead by then"
[11:36] {dino} why don't they just default?
01[11:37] {Threei}  this is EU... if they can duct-tape the head to the neck, they will
[11:37] {Will49} funny but sad
[11:38] {dino} had to adjust, but out lxu .82, +.40
01[11:38] {Threei}  the very idea that Greece can live like this till 2030 is beyond ludicrous
[11:39] {Will49} they are a case study of "me first" attitude in western societies
01[11:41] {Threei} Short Setup: LVS  .45 break
01[11:41] {Threei}  If holds  .55
[11:43] {thomcbell} they are trying to break out fb here
[11:43] {thomcbell} pretty powerful pattern on daily chart
01[11:44] {Threei}  yes
[11:44] {scottie} gotta go now, see you all monday
[11:44] {Will49} see ya scottie
01[11:44] {Threei}  take care scottie, best wishes to your wife
[11:45] {scottie} will
[11:45] {scottie} tks Vad
01[11:49] {Threei}  ok guys, there is no financial crisis, or any other kind of crisis... this is all a lie
01[11:49] {Threei}  no nation in times of any kind of crisis can focus on this:
01[11:49] {Threei}  http://goo.gl/F4BhM
[11:52] {Will49} Greeks probably thought that one up
[11:52] {Will49} what would Zorba say?
[11:52] {Les} outta here Vad. Might check in for last hour.
01[11:52] {Threei}  what ever happened to that thing, you know... called sanity
01[11:53] {Threei}  last seen decades ago
[11:53] {Will49} wait till you get a bit older Vad
[11:53] {Will49} and really join the "world is going to hell in a handbasket" set
01[11:53] {Threei}  if my grumpiness will increase at the ame rate as before, not looking forward
[11:54] {Les} "Unless you’ve been there, and you can’t find shoes, and you’re in pain, don’t judge"
[11:54] {nemo} I look forward to anarchy, but I have to buy more bullets first
01[11:54] {Threei} Long Setup:  LVS  .60 break
01[11:54] {Threei}  I'll be right behind you nemo, reloading
01[11:55] {Threei}  zombie apocalypsis seems the be the only thing to look forward to
[11:56] {dino} stj bloody
01[11:58] {Threei}  target 1:2
[12:00] {dino} boil, igaz spikes
[12:01] {Will49} apocalypsis= too much botox in lips
01[12:05] {Threei}  now I understand why there is no word apocabreastsis
[12:05] {Will49} lol
[12:05] {Will49} you DO have a warped sense of humour
[12:06] {Will49} but a very intellectual one
[12:06] {nemo} apocomammaris
[12:06] {nemo} oh jeez
[12:06] {Will49} yes:)
[12:06] {Les} I think we're bored
[12:06] {Will49} ya think?
[12:06] {nemo} Will...he'll hurt himself
[12:07] {Will49} who?
[12:08] {Will49} stop it you guys! I can't concentrate on the 100 shares I have at risk
[12:09] {thomcbell} shortsetup FB 24.40 break if holding 24.50
[12:10] {nemo} our resident Mensa (not) candidate
[12:11] {thomcbell} target 1:2
[12:11] {nemo} ballsy thom
[12:11] {Will49} yahoo half out LVS
01[12:13] {Threei}  1:1
[12:14] {dino} out tlys .94, +.13
[12:20] {thomcbell} fb invalidated
[12:24] {nemo} usually don't see selling pressure on days like today
01[12:24] {Threei}  no
01[12:25] {Threei}  they tend to levitate
[12:25] {dino} lol, this market hasn't been usual in years
[12:25] {nemo} you can run prices up without committing too much capital
[12:25] {dino} never any afternoon volume
[12:25] {nemo} of course it's usual
[12:25] {nemo} well, can't compare 2007-2010 to "usual"
[12:26] {nemo} I remember the first cracks in February 2007 when the mortgage companies started to go
[12:26] {dino} yeah, they were some crazy days
[12:26] {nemo} those are the ones I wouldn't consider "usual"
[12:26] {dino} i remember -300 pt dji days would happen every week
[12:27] {nemo} Remember coming in limit down?
[12:27] {dino} yes
[12:27] {nemo} or how about taking dramamine just to watch the skf chart
[12:27] {nemo} pre fas/faz days
01[12:27] {Threei}  (IS) Egypt Foreign Min and US Sec of State begin news conference on Gaza; confirm cease fire
[12:27] {Les} FB
[12:27] {thomcbell} duh
[12:28] {thomcbell} had to play it by the book
[12:28] {dino} cease fire until hamas lobs another rocket over
[12:28] {Will49} Hillary for POTUS
[12:28] {Will49} not!
[12:28] {nemo} I was contemplating hunting you down
[12:28] {dino} lol
[12:29] {dino} well it is the season
01[12:29] {Threei}  guess who far left started demonizing over last couple days
[12:29] {nemo} yeah, but I don't have an "idiot" permit
[12:29] {dino} christie?
01[12:29] {Threei}  no... Rubio
01[12:29] {Threei}  mystery to me how ou can demonize him, but they manage
01[12:30] {Threei}  ok read this guys, and tell me, how is it not a digging deeper hole:
01[12:30] {Threei}  ECB said to be satisfied with plan to recapitalize Greece banks - financial press- Under the terms of the plan, viable Greek banks will issue shares and convertible bonds. If private investors fail to buy at least a tenth of the new shares, the lenders will fall under the control of the HFSF, a bailout-financed fund which will buy most of the new shares and all of the convertible bonds. - The banks' new shares are to be priced at a 50 percent discount to the average price 50 days prior to the offering. - Source TradeTheNews.com
[12:31] {Les} deeper hole for who?
[12:31] {Les} looks good for bankers and creditors
[12:31] {dino} in order for greece to ever save itself, it must get out of the euro, so it can devalue (montize) the debt
01[12:32] {Threei}  whoever backs this new credit, Les
[12:32] {Les} well that be us
01[12:32] {Threei}  there you go
[12:32] {Les} bitchin
[12:35] {Les} .30 b/d FB?
01[12:38] {Threei}  hard to tell... none of FB shorts worked yet
[12:38] {thomcbell} feels like u buy every rinse
[12:39] {Les} shorted at .37 before but with only 100 shares wanted VWAP at .00. should have sold and partialed on paper
[12:40] {Les} covered i mena
01[12:43] {Threei}  Egyptian foreign minister announces a cease-fire deal between Israel, Hamas to start at 9 pm Cairo time
01[12:43] {Threei}  that's when Hamas runs out of rockets I presume
01[12:43] {Threei}  need time to restock
[12:56] {Les} LVS .58 short?
[12:56] {Les} forget it
01[12:59] {Threei}  already did
01[13:05] {Threei}  (GR) Germany Fin Min Schaeuble reportedly supported a loan write down for Greece earlier in the week before rescinding support - financial press- Schaeuble supports a debt forgiveness program that is gradual beginning in 2015 assuming Greece keeps its promises
[13:15] {dino} zzzzzzzzzzzzzzzz
[13:16] {dino} not much moving
01[13:21] {Threei}  watching FB for breakout
01[13:25] {Threei} Long Setup:  FB  .50 break
01[13:25] {Threei}  If holds  .40
01[13:35] {Threei}  we seem to tuck in second place... you guys don't click enough
[13:40] {Les} oops will hop to it
[13:41] {Les} hmmm noticed they're asking first and last name now
01[13:45] {Threei}  hmmm
[13:46] {Les} FB on again?
01[13:48] {Threei}  yes
01[13:48] {Threei}  I use the same registration I have, so they don't ask for anything
01[13:54] {Threei}  guys, anyone interested in options trading, cc_8 is about to start offering that
01[13:56] {Threei}  FB looks better and better for an all-out break
[13:57] {Les} intraday options trading?
01[13:58] {Threei}  why not
[13:59] {Les} enjoyed limited success in 2011 with options
[14:00] {dino} i trade a couple/month
[14:00] {Les} just wondering if there are any amateurs left in the options tank
[14:00] {Les} or sharks only
06[14:08] * Les smacks Nemo around with a 10yr old Macallan triple casked
[14:09] {Les} I am happy to help America celebrate its fets
[14:09] {Les} fetes
[14:11] {Will49} Canadians would like to help you celebrate by sending you some oil thru XL pipeline
[14:16] {Will49} the day XL is approved, we'll then have a second thanksgivivng day to celebrate up here
[14:18] {Les} http://peakenergy.blogspot.ch/2008/02/empire-from-tub-of-goo.html
[14:18] {Les} dunno, looks like more trouble than its worth
[14:19] {Will49} time will tell
[14:19] {Les} sure
[14:20] {Les} personally I think we're all fu/&%d
[14:21] {Will49} you're sounding like someone from my generation
[14:21] {Will49} team Clint Eastwood
01[14:22] {Threei}  tar sands are developing and will be
[14:22] {Les} difference being I'm young enough to see what goes down in 30 years time
01[14:22] {Threei}  if US won't buy the oil, China will
[14:23] {Will49} yeah Vad...you tell that young whippersnapper
[14:23] {Beau} bet a whole dollar XL will approved no later March
01[14:23] {Threei}  I think so too
[14:23] {Will49} no takers on that bet
[14:24] {Les} http://tinyurl.com/bc6dwwj
[14:24] {Les} just what beijing needs
[14:24] {Les} more oil
[14:24] {Will49} customer is always right
[14:24] {Beau} the terminus is 7 miles north of here. XL size and requiremets being laid to OK
[14:25] {Beau} Oil from there to here.  if you look at map, very close to proposed XL route
[14:25] {Will49} a thing of beauty
[14:26] {Les} bought our condo next to a light rail station. No regrets when oil has tripled in cost. And oil here is over $6 a gallon
[14:26] {Will49} gas
[14:26] {Les} petrol
[14:27] {Les} queens english
[14:27] {Will49} $5 here in BC
01[14:28] {Threei}  OK FB
01[14:28] {Threei}  break already
[14:28] {Will49} are we still on for FB?
01[14:28] {Threei}  I think so, it's one of those on again - off again
[14:28] {Will49} no kidding
[14:29] {Les} about $7.20 here now then
01[14:29] {Threei}  this is... hystreically ridiclous:
01[14:30] {Threei}  Celebratory gunfire heard in Gaza after cease-fire agreement
[14:30] {Will49} Hillary for pres
[14:30] {Will49} eh nemo?
01[14:31] {Threei}  Celebratory gunfire for cease-fire agreement
01[14:31] {Threei}  this is right next to "warning shot to the head"
[14:31] {Will49} now that's funny
01[14:32] {Threei}  or that famous "new russian" joke...
01[14:32] {Threei}  when a guy phones emergency and shouts "my neighbour is dead! come and help"
01[14:33] {Threei}  operator says "well, first mke sure he is dewad"
01[14:33] {Threei}  guys after some hesitance says OK, operator heard gunshot, guy says "now I am totaly sure"
[14:33] {Will49} lol
01[14:33] {Threei}  heard = hears
01[14:36] {Threei}  or, "as my grandma always said, better to shoot, reload and shoot again than point your flashlight and ask who is there"
01[14:36] {Threei}  that shoyuld be right up nemo's alley
[14:37] {dino} calling it a week. thx all, have a happy thanksgiving. taking monday & tuesday off
[14:37] {Les} cheers
[14:38] {Will49} have fun dino
01[14:38] {Threei}  have fun dino
[14:38] {dino} thx
[15:01] {Les} enjoying the opening scene of master and margarita
[15:01] {Les} think I'm gonna enjoy this
01[15:02] {Threei}  just wait
01[15:02] {Threei}  you've no idea
[15:02] {Will49} movie?
01[15:02] {Threei}  they don't casll it one of the greatest books ever written for nothing
[15:06] {Les} l .47 spy stop under .40
[15:24] {Les} stop -.01 big fat turkey for market finish
01[15:45] {Threei} Short Setup: GDX  .90 break
01[15:45] {Threei}  last scalp
01[15:45] {Threei}  If holds  .95
01[15:54] {Threei}  meh
01[15:54] {Threei}  empty day
01[15:54] {Threei}  let's have a long weekend guys
[15:54] {Will49} see ya Monday
01[15:54] {Threei}  happy Thanskgiving
[15:54] {Les} cheers
01[15:54] {Threei}  see you all Monday