Dec 27 2012

With main room server outage we used reserve one for the first couple hours, so log is garbled a little at the beginning. Very nice day though, as most of the plays worked like charm even though slowly.



scottie: anybody home ?
Threei: yes
Threei: the rest apparently don't read e-mail
scottie: hi
Threei: and server decided to take a vacation
scottie: connected a couple of minutes before receiving mail, when I couldn't connect on mirc
scottie: just received email 1 minute ago
Threei: nope.., people do not read e-mail
Threei: anyway, seems to me selling is about to resume after morning jumps
thomcbell: yo
Threei: hey tbell
Threei: short FB .55 break
Threei: if holds .65
Threei: 1:1
Threei: Short FCX .95 break
Threei: If holds .05
scottie: out fb .44 tks Vad
Threei:
Threei: FB 1:2
Threei: out
Threei: FCX 1:1
thomcbell: rimm coming under a bit of pressure from the open
(09:40) scottie: fcx out tks
(09:42) Threei: yw
(09:42) Threei: There... dp woke up after missing two winning trades
(09:42) dptl: good morning
(09:45) Threei: Short FB .65 break
(09:45) Threei: change to .70
(09:46) Threei: if holds .75
(09:47) Threei: invalidated
(09:48) Threei: although getting overextended
(09:48) Threei: .75 break
(09:48) Threei: if holds .80
(09:52) Threei: half out .66
(09:54) Threei: new home sales and consumer confidence numbers at 10
(09:55) dptl: vrx .95 short?
(09:56) Threei: chart wise yes but remember numbers in 4 min
(09:56) dptl: ah ok ty
(09:59) Threei: both are bad
(10:00) Threei: DEC CONSUMER CONFIDENCE: 65.1 V 70.0E
(10:00) Threei: *(US) NOV NEW HOME SALES: 377K V 380KE- Prior revised lower from 368K to 361K
(10:01) Threei: if grabbed your VRX, it worked too
(10:02) cc_8: Alliance Healthcare Services (NYSE: AIQ) surged 422.88% to $6.80 at 9:45 am. Alliance Healthcare Services' trailing-twelve-month revenue is $478.08 mi
(10:02) cc_8: Alliance Healthcare Services (NYSE: AIQ) surged 422.88% to $6.80 at 9:45 am.
(10:02) dptl: lrcx .long?
(10:03) Threei: nah
(10:03) cc_8: Coastal Contacts (NASDAQ: COA) shares dipped 20.56% to $5.95 at 9:54 am
(10:04) Threei: 1/4 more out FB
(10:05) Threei: nailed reversal to the T
(10:05) Threei: (US) Senate Majority Leader Reid (D-NV): It is looking like the US will go over the fiscal cliff and rates will go up starting Jan 1 unless Congress acts
(10:07) dptl: clf .45 short?
(10:07) cc_8: Toyota agreed to pay about $1.1 billion to install new safety equipment and reimburse owners of up to 16 million cars to settle a U.S. class-action su
(10:08) Threei: CLF, yeah
(10:08) Threei: my fiscal cliff prognosis: http://goo.gl/hWqco
(10:09) Threei: out FB in full
(10:09) scottie: was away missed FB, great call Vad
(10:09) Threei: 28 cents for 7 cents riskj
(10:09) Threei: 3 for 3
(10:10) Threei: and most of the room is not reading e-mail about reserve server, lol
(10:10) dptl: in clf
(10:11) cc_8: Among the companies expected to see active trading in the U.S. stock market Thursday are BCD Semiconductor Manufacturing Ltd., Marvell Technology Grou
(10:11) cc_8: ompanies expected to see active trading in the U.S. stock market Thursday are BCD Semiconductor Manufacturing Ltd., Marvell Technology Group Inc. and
(10:14) dptl: stopped clf
(10:15) thomcbell has left.
(10:18) dptl: rinsed
(10:20) Threei: no kidding
(10:21) dptl: sigh
(10:22) Threei: selling with vengeance
(10:29) dptl: vlo .45 long?
(10:29) Threei: Long SLW .65 break
(10:29) Threei: if holds .55
(10:30) Threei: VLO looks right
(10:31) dptl: in
(10:34) Threei: 1:1 VLO
(10:35) dptl: out
(10:36) scottie: gj dp
(10:37) scottie: stop .59+ Vad ?
(10:37) dptl: ty but was a bit late with exit only got 6c
(10:37) Threei: yup
(10:41) Threei: SLW 1:1
(10:41) scottie: out half, stop .64
(10:41) dptl: low .80 long?
(10:42) scottie: you didn't loose your touch Vad
(10:42) Threei:
(10:42) Threei: not sure LOW
(10:43) scottie: stop .69 ?
(10:44) Threei: yup
(10:45) Threei: 1:2, out
(10:45) scottie: +.18 tks Vad
(10:45) Threei: yw
(10:52) scottie: PPL s .40 ?
(10:54) Threei: I think so
(10:57) scottie: in .39 stop .46
(10:57) dptl: in ppl .46 stop
(10:57) dptl:
(11:02) Threei: meh
(11:02) dptl: stoped
(11:02) scottie: out
(11:08) dptl: jcp .95 sh?
(11:08) Threei: yeah
(11:09) scottie: not in short list
(11:09) dptl: ye
(11:17) dptl: oh well
(11:17) scottie: good call dp, too bad
(11:18) Threei: yeah
(11:19) scottie: KRFT s .10 ?
(11:21) Threei: half lot
(11:27) scottie: no
(11:27) dptl: wlp .30 long?
(11:31) Threei: not sure
(11:31) dptl: in
(11:34) Threei: main server shpws signs of life
(11:35) Threei: try to connect guys
(11:35) scottie: ok I'm connected
(11:35) Threei: yup




Session Start: Thu Dec 27 11:34:38 2012

[11:35] {scottie} .
01[11:36] {Threei}  first good point made here today
[11:36] {scottie} :)
[11:37] {dptl} here
01[11:38] {Threei}  OK... let's see if anyone else wakes up :)
[11:41] {scottie} good call on wlp dp
01[11:42] {Threei}  yeah, another one
[11:42] {scottie} looks like you don't need Vad anymore :)
01[11:42] {Threei}  no one does... story of my life
[11:42] {scottie} lol
[11:43] {dptl} half out
[11:44] {dptl} ty...still have some issues Scottie
01[11:47] {Threei}  robbers... no checking your e-mails, eh?
[11:47] {robbers} Right, should I?
01[11:48] {Threei}  well... considering that we sent a reserve room address for the morning while main server was down... :)
[11:48] {robbers} OK, will check.
01[11:48] {Threei}  and you missed quite a few good plays... :(
[11:49] {scottie} away for one hour
01[11:49] {Threei}  ok... we'll be here
01[11:50] {Threei} Short Setup: WFC  .85 break
01[11:50] {Threei}  If holds  .95
[11:57] {dptl} anf .20 short?
01[11:57] {Threei}  tough one
01[11:57] {Threei}  try smaller shares
01[11:58] {Threei}  can be jumpy
[11:58] {dptl} ok ty
[11:59] {robbers} How was your trip, Vad?
01[12:00] {Threei}  absolutely fantastic
[12:00] {robbers} I bet.
[12:00] {robbers} And am expecting a full file of photos.
01[12:00] {Threei}  saw couple first photos pn my facebook?
01[12:00] {Threei}  oh yes, there will be plenty
01[12:01] {Threei}  strongest impressions are night snorkeling with manta rays and active volcano
01[12:01] {Threei}  both are must on the bucket list
[12:01] {dptl} in wfc
[12:01] {robbers} I see you wife didn't push you into the volcano, if you remember your joke about it.
01[12:02] {Threei}  well, she canged her mind seeing how treacherous driving there was
[12:02] {robbers} LOL.
01[12:02] {Threei}  and thinking I might still be useful
[12:02] {robbers} I once did night scuba diving in California, it was amazing, but can't imagine with manta rays, what a great experience.
01[12:03] {Threei}  it's out of this worlds
[12:03] {robbers} Literally.
01[12:03] {Threei}  15 ft-big swimming machine within inches from you
[12:04] {robbers} I've seen where divers ride them.
01[12:04] {Threei}  ANF works
01[12:04] {Threei}  you see first two photos I spoted, robbers?
[12:04] {dptl} i took wfc instead :)
01[12:04] {Threei}  posted
[12:05] {robbers} Give me the better of the two links again.....
01[12:05] {Threei}  http://goo.gl/Sx2nM and http://goo.gl/uTju9
01[12:06] {Threei}  cipher... not reading your e-mails either :)
[12:06] {cipher} didn't get any
01[12:07] {Threei}  check junk box?
[12:07] {cipher} yes
01[12:07] {Threei}  huh
[12:07] {dptl} stop to above .90 wfc?
01[12:07] {Threei}  yes
01[12:07] {Threei}  I see it being sent to you
01[12:08] {Threei}  about reserve room
[12:08] {robbers} Vad, when will you post more photos, over the weekend?
01[12:08] {Threei}  as soon as I get to work on them... hopefully
[12:09] {robbers} Got to run out to meet a friend.  These crazy friends and family don't understand that trading is the priority.
01[12:09] {Threei}  lol
01[12:09] {Threei}  when I post on my blog, I usually send and e-mail notification to those who wznt to follow
[12:09] {dptl} half out wfc ty
01[12:09] {Threei}  if you want, I can add your e-mail to list
01[12:09] {Threei}  1:1 WFC
[12:09] {robbers} Yeah, robbyisa@yahoo.com
01[12:09] {Threei}  I will
[12:10] {robbers} I'll try to make it back before closing, in the meantime, happy trading, good call on WFC.
[12:10] {robbers} TC (take care)
[12:21] {dptl} die wfc already
01[12:21] {Threei}  {WFC} you no like me... :(
[12:21] {dptl} lol
[12:22] {dptl} i do ..but just die now
[12:30] {dptl} now is a good time wfc
01[12:31] {Threei}  it's going to
[12:37] {dptl} :)
[12:37] {dptl} stop to .76
[12:40] {dptl} out
[12:44] {dino} .
01[12:45] {Threei}  dino...
01[12:45] {Threei}  no rerading your e-mails either?? :)
[12:46] {dino} cannot get into my email for some reason, hotmail having trouble
01[12:46] {Threei}  oh... crap :(
01[12:47] {Threei}  bookmark reserve server to check if main is down
[12:47] {dino} must be from the storm. 10" snow last night
[12:47] {dptl} clf .60 short?
01[12:47] {Threei}  http://www.realitytrader.com/tradingroom/reserve.html
01[12:47] {Threei}  no CLF, not liking it
[12:47] {dptl} ok
01[12:47] {Threei}  we had quite a good day, too bad :(
[12:48] {dino} glad to hear
[12:49] {dptl} cnx 32 long?
01[12:52] {Threei}  can't tell
[12:54] {dptl} i'll take a little break... start seeing things again... lol
01[13:07] {Threei}  Volume remains light in the US session after European markets traded modestly higher after returning from their holiday break. US stocks started the day flat until the latest pessimistic Fiscal Cliff comments out of Washington knocked stocks lower by 0.5% in the late morning. From the Senate floor, Majority leader Reid suggested that time would likely not allow for any resolution to the cliff before tax rates rise in the New Year. This result was expected by many analysts as it would allow Congress to technically 'cut' tax rates early next year as opposed to preemptively raising the highest brackets before the Fiscal Cliff arrives. Following Reid's comments the VIX volatility index rose above 20 for the first time since July.
[13:12] {cipher} cymi l .81
[13:22] {dptl} kss .05 short?
01[13:24] {Threei}  I think so
[13:25] {cc_8} The DJIA has slipped through another technical threshold, as it’s now below its 200-day moving average intraday, currently around 13015, for the first time since Dec 5.
[13:25] {cc_8} Yes, it’s a light-volume day; but that doesn’t mean the losses aren’t real. The S&P 500 is off 13 points at 1407, and the Nasdaq Comp is down 29 at 2962.
01[13:30] {Threei}  but, does it mean our profits are real too?
[13:32] {dptl} clf .60 sh?
01[13:33] {Threei}  hmmm
01[13:33] {Threei}  what canged since last time I didn't like it? :)
01[13:34] {Threei}  changed
[13:36] {dptl} how about cnx .90 short?
01[13:36] {Threei}  hl
[13:37] {dptl} in .89
01[13:50] {Threei}  aaaalmost there
[13:52] {scottie} half out cnx tks dp
01[13:52] {Threei}  1:1
[13:53] {dptl} half of the hl is out
[13:53] {dptl} ty yw
[13:53] {scottie} kepping 100 shares in
[13:53] {cipher} lulu lufk l.13
[13:53] {scottie} keeping
[13:54] {dptl} same here
[13:55] {cipher} out lufk .45 +.32
[13:56] {dptl} nice
01[14:00] {Threei}  cipher doesn't lose shape even during holiday feast eh
[14:03] {scottie} cnx stop to .86 ?
01[14:03] {Threei}  yep
[14:05] {dptl} biding .51 :)
[14:06] {cipher} out cymi .96  +.15
[14:15] {scottie} teva s .80 ?
01[14:16] {Threei}  no
01[14:16] {Threei}  I'd stay away from this one
[14:16] {scottie} ok
[14:17] {scottie} why?
01[14:17] {Threei}  way too narrow
[14:17] {scottie} tks
01[14:17] {Threei}  easy to get whopsawed
01[14:17] {Threei}  o=i
[14:23] {dino} mmd drop
01[14:32] {Threei}  in case you want another load pf crap from high above:
01[14:32] {Threei}  (US) House Democratic Whip Hoyer: House needs to return to session to reach a compromise on fiscal cliff- Spoke with House Majority leader Cantor today and asked him to recall House members back into session. Cantor said that Republicans would discuss whether to recall members during a caucus conference call to be held today. - Democrats know that they need to compromise, won't get everything we want. Quickest thing to do now would be to pass the Senate bill that extends the tax cuts for the middle class. - Spoke to the White House and know that they are "considering options." }- We should act on the debt limit in a bipartisan fashion long before the debt limit is reached in February.
[14:32] {dptl} fslr .65 sh?
01[14:33] {Threei}  hmmm
01[14:33] {Threei}  :)
[14:33] {dptl} too late
01[14:33] {Threei}  it teleported
01[14:34] {Threei}  from .68 to .61 with nothing inbetween
[14:37] {cipher} bidu s .31
[14:38] {dptl} kss long here?
[14:39] {dptl} .31?
01[14:39] {Threei}  no read
[14:39] {dptl} ok
[14:39] {scottie} stop cnx to .82
[14:44] {cipher} cov bidu .40
[14:44] {scottie} out cnx .83
01[14:44] {Threei}  bout of happiness
01[14:45] {Threei}  (US) House of Reps plans a 18:30ET session for Dec 30 -
[14:48] {dino} ggc hl l .50
[14:48] {dino} out ggc .79, +.29
[14:48] {dino} out tol from earlier, +.32
01[14:48] {Threei}  that was quick
[14:49] {dino} coh hl l .50
[14:49] {dino} ggc? yeah, its pulp
[14:51] {dino} coh to flat
[14:52] {dino} coh stop flat
[14:52] {scottie} TEVA tks {Vad
[14:53] {dptl} vlo .50 long? if holds .45
01[14:53] {Threei}  :)
01[14:54] {Threei}  hard to tell VLO
01[14:54] {Threei}  see, this spike in the market is based solwely on that headline
[14:55] {dptl} i see
[14:56] {cipher} I just got the email about reserve room 5 min ago
01[14:56] {Threei}  wow... your e-mail provider is on vacation!
[14:56] {scottie} delivered by pony express
01[14:56] {Threei}  gives new meaning to snail mail
01[14:57] {Threei}  just bookmark the address guys
[14:57] {dptl} dg .06 long?
01[14:57] {Threei}  something happens, ypu know it's a place to check
01[14:57] {Threei}  I'd prefer entry on pullback, closer to .95
[14:58] {dino} coh rinsed darn
[14:58] {dptl} ok
[15:04] {dptl} met .60 long?
[15:05] {dino} c hl l .03
01[15:06] {Threei}  I can't tell with these longs
01[15:06] {Threei}  they all move on the same thing
01[15:06] {Threei}  not really on chart pattern
01[15:06] {Threei}  only on that headline
[15:06] {dptl} i see
01[15:07] {Threei}  impossible to tell whether it has sustainable effect or it will be destroyed next minute
[15:15] {dino} rkus spike
[15:16] {dptl} kss? .50l ?
[15:17] {dptl} or its the same?
01[15:18] {Threei}  .50?
[15:18] {dptl} ye was looking 42.50 break
01[15:21] {Threei}  another spike
[15:27] {dino} out c .13, +.10
[15:29] {dino} calling it a day. gn all
01[15:29] {Threei}  take care dino
[15:30] {dptl} gn see ya tomorrow all
01[15:33] {Threei}  (US) Rep Harris (R-MD): House will be recovened for Sunday in order to vote on anything sent over from the Senate - CNBC- Note: This confirms earlier reports about the House recovening
01[15:51] {Threei}  OK guys, thank you, have a good evening
01[15:51] {Threei}  see you tomorrow
[15:51] {scottie} gn all

Dec 26 2012

Easing back into trading after blissful week in tropical paradise... not bad for the first day with a few nice wins, before sleep took over.

Session Start: Wed Dec 26 03:13:50 2012

[09:03] gm

01[09:03]  dino!

[09:03] gm 3i, i trust yor trip went well

01[09:03]  fantastic

01[09:04]  incredible place

[09:04] glad too hear

01[09:04]  how are things here?

[09:05] very good week for me last week. some nice movers

01[09:05]  cool :)

[09:09] good morning

01[09:09]  scottie :)

[09:09] still alive ?

01[09:09]  can you imagine

01[09:15]  (US) Obama Administration mulling an expansion of mortgage-refinance program to include loans not held by Fannie and Freddie - financial press- The GSE's back about half of the 10.8M underwater mortgages in the US. Those not backed by Fannie and Freddie are not currently qualified for the HAMP program.

01[09:15]  so... nemo failed us, huh?

01[09:15]  world never ended

01[09:18]  what's going on with HLF

01[09:23]  is everybody on vacation still?

[09:24] hlf shorts having fun w/. same w/ nus

[09:24] big well known short on cnbc, hlf ponzi

[09:25] gotta hop for 30-45 min.

01[09:25]  ok... scottie, do we stay or go back to bed :)

[09:26] where's everyone

01[09:26]  asking me? I just got here

[09:27] I don't mind skipping the day if you prefer

01[09:28]  well, I got home just 5 hours ago, lol

01[09:28]  no sleep yet

[09:28] gm

01[09:28]  cipher :)

[09:28] See you tomoorrow then

[09:28] :)

01[09:28]  let's see if first 30 min bring something

01[09:29]  but I am not sure I can be trusted with those buttons yet :)

01[09:31] Short Setup: FB  .90 break hl

01[09:33]  Invalidated  

[09:34] amgn l.04

01[09:34] Long Setup:  FCX  .90 break hl

01[09:35]  If holds  .80 

[09:38] out amgn -.12

01[09:42]  slooooow

[09:44] EBAY L .25

[09:45] out .40

01[09:45]  :)

[09:47] hain l.39

01[09:48]  1:1

[09:49] half out

[09:49] good morning all

01[09:49]  hey dp

[09:49] dp

[09:50] aloha....lol...how was the trip

01[09:50]  beyond belief

01[09:51]  snorkeling with manta rays is experience of a lifetime

01[09:51]  and volcano... discovered some incredible places

[09:51] can't wait to see pictures :)

[09:52] ZUMZ L .17

[09:54] out 1/2 hain .64 +.25

01[09:55]  wtg

[09:55] ty

[09:56] safm l .17

01[09:59]  *(US) DEC RICHMOND FED MANUFACTURING INDEX: 5 V +7.0E

[10:00] PETM L .02

[10:01] .

[10:02] out  ZUMZ .36 +.19

[10:06] med hl l .97

01[10:06] Long Setup:  FB  .10 break

01[10:08]  change to .05 break

[10:09] in

[10:09] stop under 27

[10:10] life l .29

[10:12] out .40

[10:14] logm l.94

01[10:14]  no go FB

[10:14] stopped fb

[10:16] out rest of fcx .97 have to go for an hour or two

01[10:16]  (US) Aide to republican party indicates that House Speaker Boehner (R-OH) and President Obama have not spoken about the fiscal cliff issues during the holiday period or this week - financial press

01[10:16] Short Setup: LVS  .10 break

01[10:17]  If holds  .20 

[10:17] out 1/2 petm .23 +.21

[10:19] in lvs

[10:20] med stop

[10:22] out rest petm .19 +.17

[10:22] hi all

[10:22] sfly l .15

01[10:23]  tbell :)

[10:23] Vad!!!!

[10:23] how was it?

01[10:23]  beyond belief

[10:23] terrific

01[10:24]  just started downloading photos to the comp

[10:24] sfly stopped -.05

01[10:26]  14 GB

[10:28] can we move lvs stop to .16?

01[10:28]  I would

[10:29] 2c to 1:1 didt make it

[10:31] SFLY L .20

[10:38] med hl l .03

[10:38] out half lvs ty

01[10:39]  :)

[10:50] all out here ty .96

01[10:50]  yw

[10:51] sfly stopped -.11

[10:51] lulu l .91

[10:56] out lulu .39 +.48

[10:57] nice

[10:59] ibm l .06

01[11:02]  LVS 1:3

01[11:02]  out

[11:04] out IBM -.15

[11:05] hes short?

01[11:06]  i think so

[11:06] ah...missed

[11:08] vlo .80 short?

01[11:08]  yup

[11:09] in

[11:11] FOSL L. 70

[11:13] UNFI l.15

[11:14] elli hl l .45

[11:17] qcor drop

[11:17] qcor l .56

[11:18] out .75

01[11:21]  etg

[11:21] short setup aig 35 break if holding 35.10

01[11:22]  looks tempting

[11:23] although - it has been acting rather nicely up until the last 40 minutes or so - traded very nicely on monday

01[11:25]  guys, I think I need a few more hours of sleep... looks like 4 is not enough

01[11:25]  got a few nice ones in the morning, need to get some rest to continue tomorrow

01[11:26]  have a nice rest of the day, I'll see you in the morning

[11:26] see ya Vad :)

[11:26] cya vad

[11:26] see you tomorrow VAd :)

[11:28] see you tomorrow Vad

[11:30] jwn hl l .05

[11:32] out elli .69, +.24

[11:34] out med .38, +.35

[11:47] tol hl l .31

[11:52] tna l .92

[11:52] out 1/2 .12 +.20

[11:55] out in full .21+.29

[11:59] tna l.07

[12:00] out .19

[12:01] out 1/2 fosl .19 +.49

[12:08] gj

[12:08] retail smackdown day

[12:11] TNA L 03

[12:13] out .11

[12:17] out jwn .40, +.35

[12:24] out remainder fosl +.05

[12:31] lol cipher, you & i again

[12:33] :)

[12:36] tol to b/e

[12:38] out tol +.04

[12:52] orly hl l .75

[13:21] orly out .89, +.14

[13:37] zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:44] coh hl l .25

[13:45] l coh .22

[14:00] out some

[14:01] out coh .49, +.24

[14:02] RIMM - very impressive rally today 

[14:03] yes, was watching that earlier

[14:21] gn all, see you tomorrow

[14:22] cya

[14:35] decent day, not going to give it back. calling it a day. thx all

Nemo's Findings week of 12/16/2012

ATTENTION: Trading Room is going to be on autopilot till Dec 26. All current trialers are welcome to stay and communicate with room members.  All new trials will be granted after Dec 26. All orders requiring hard copy shipping submitted between Dec 16 and Dec 26 will be shipped after Dec 27. 111 TRADES and A TAOIST TRADER online courses access will be granted as usual, with no delay.

Just to let you know, no update next two weeks....gonna' be a bit screwy with the silly season upon us.  Longer term pivots will likely be ephemeral in effect.  If you're trading the daily pivots, and perhaps the weekly pivots will have some effect, but in the reduced volumes the probability of being algo bait is much greater.  Anyway, the week that was:

 

 

  

The "economic" news was, at worst positive, yet the market sold off after "The Bearded One"  announced the Fed would purchase additional MBS equal to the amount  of the terminating Operation Twist.  So we now have, in the parlance of @Shaq48 (the immortal trader...Jeff Davis)  The Buzz Lightyear Easing, "from infinity and beyond!"  The Fed will buy until they have met their new mandate of lower unemployment...this is big in Fed parlance folks.  The Fed was always pretty much only concerned with protecting the currency value...now, they are concerned with this new parameter.  This moves the Fed deeper into the web of the political equation, and frankly, may give politicians another party to blame for their folderol.

Anyway, the week that is: 

Market Week Wrap-Up

ATTENTION: Room is going to be on autopilot till Dec 26. All current trialers are welcome to stay and communicate with room members. All new trials will be granted after Dec 26. All orders requiring hard copy shipping submitted between Dec 16 and Dec 26 will be shipped after Dec 27. 111 TRADES and A TAOIST TRADER online courses access will be granted as usual, with no delay. 

 Fed Launches QE4, No Hard Landing In China, Greece Will Get Paid


- Three notable developments defined trading this week against the backdrop of the ongoing fiscal cliff debate in Washington: Wednesday's FOMC decision, the Greek bailout payment and China's November economic data. At its December policy meeting, the Fed broke new ground by committing itself to a new structure of policy guidance based on achieving certain economic data thresholds. In addition, it launched a new round of quantitative easing to replace Operation Twist. In Europe, a long-delayed €34B loan payment was released to Athens after eurozone finance ministers approved the move on Thursday. EU and Greek officials roundly proclaimed that fears Greece would be forced to leave the eurozone were now dead. In China, November economic data surprised to the upside and left the distinct impression that an economic hard landing is really off the table for Beijing. Meanwhile, Japan entered recession only days ahead of parliamentary elections this weekend. For the week, the DJIA -0.2%, the S&P500 -0.3% and the Nasdaq -0.2%. US Treasury yields backed up led by the 10-year which briefly approached 1.75% for the first time since late October.

- The Fed also replaced its low rates to 2015 pledge with new thresholds based on real economic performance. Instead of tying low rates to a date, the Fed will leave easy monetary policy in place as long as unemployment stays above 6.5% and inflation expectations don't get too far ahead of its long term goal of 2%. Chairman Bernanke cautioned that the new thresholds do not indicate monetary policy is on autopilot, warning that crossing the 6.5% boundary would not automatically trigger policy changes. The Fed will be looking at a variety of employment indicators, including payrolls, hours worked and participation rates and more when determining policy going forward.

- The Fed transformed Operation Twist into a program of outright treasury purchases this week. Some are already calling the program QE4, as the Fed will create $45B in new money (unsterilized purchases) every month to buy USTs, unlike Op Twist which merely adjusted the debt holdings on the Fed's balance sheet. Note that the new effort runs parallel to QE3, under which the Fed will create $40B in new money each month to buy agency MBS to lower mortgage rates.

- The fiscal cliff stalemate continued this week, with no significant movement seen toward a solution from either side. House Speaker Boehner paid a surprise visit to the White House Thursday night, only a few hours after claiming that President Obama had failed to offer a serious compromise to prevent the fiscal cliff. Spokespeople for the two men issued nearly identical statements, calling the meeting "frank" and saying the "lines of communication remain open." There were reports late on Friday that Senate Minority Leader McConnell was offering to raise rates on the top 2% of earners if no other tax hikes were passed, although Boehner was still said to oppose the idea.

- European equity markets hardly rejoiced at the final release of funding to Greece, with the Euro Stoxx 50 gaining only a few tenths of a percent on the week. European officials also managed to agree on a unified bank regulatory authority for the EU. All the warm feelings were cut short by political maneuvering in the Italian parliament that forced technocrat PM Monti, who helped restore stability in Italy, to call early elections for next February. In a bid to return to power, former PM Berlusconi withdrew the support of his center-right PDL party from the Monti government and announced his candidacy for the top spot. But after markets and public opinion polls suggested that they didn't want to see the return of former prime minister, Berlusconi sheepishly suggested he might support Monti as a candidate to lead the centrist coalition.

- OPEC maintained its 30M bpd production ceiling without much debate in Vienna. However the competition to replace Secretary General el-Badri was more intense, with plenty of jockeying among candidates from Iraq, Iran and Saudi Arabia. Members compromised by extending el-Bardi's term by one year. Feb WTI crude future finished the week up 1%.

- The US Treasury sold off the 234M common shares that comprise the last of its stake in AIG, effectively ending the bailout that began back in the dark days of 2008. Note that the Treasury still retains warrants to buy 2.7M shares of AIG common stock. The Treasury is looking to make $7.6B from the sale, bringing its profit in the overall AIG bailout to around $23B.

- Emboldened its new alliance with Japanese carrier Softbank, Sprint disclosed two big moves this week. Sprint consolidated its ownership of Clearwire, disclosing that it had taken a 51.7% stake as of December 11th and had offered to buy the rest of the company for $2.90/shr. There were also reports that Sprint has been talking to Dish Network for months about using Dish's spare satellite spectrum for wireless mobile service. Dish has been looking to bundle wireless phone services with its other offerings. This week the FCC approved the plans.

- In deal news, YM BioSciences is being acquired by Gilead for $2.95/shr, for a total deal valued at $510M. Delta will acquire 49% of Virgin Atlantic for $360M as part of a strategic alliance deal. Both airlines are looking to boost their transatlantic businesses against strong competition.

- EUR/USD began the week around 1.2900 and retook the 1.30 level on Tuesday after the December Germany ZEW survey saw its first positive reading since May. The Greek deal and the EU banking union agreement further consolidated the euro uptrend. EUR/USD took another leg higher after the European close on Friday, testing above 1.3170 before meeting resistance. Traders point out that when you look at the bigger picture, EUR/USD remained firmly within the 1.28-1.32 consolidation range that has been in place since September. One conclusion drawn by analysts last week after the ECB meeting was that there was a distinct possibility that the new year could see the ECB consider negative rates. The ECB's Praet diluted some of this speculation, warning that the ECB had very little room to maneuver on policy.

- The Swiss Franc weakened a bit through the middle of the week after UBS followed moves by other Swiss Banks to introduce fees on credit balances in CHF cash clearing accounts held by financial institutions at UBS Zurich. EUR/CHF probed above the 1.2120 level repeatedly in the second half of the week. On Thursday, the SNB left the floor in the pair unchanged at its policy meeting.

- Japan entered a technical recession after reporting its second consecutive quarter of negative GDP growth; Japan final Q3 GDP came in at an annualized rate of -3.5% and the final Q2 reading was revised to -0.03% from +0.2% prior. The fourth quarter will likely be even worse: the BOJ's quarterly Tankan manufacturing survey was very negative, coming in at an 11-quarter low. Recent yen weakness continued and USD/JPY hit a fresh 8-month high just below the 83 handle. The LDP party solidified its lead ahead of parliamentary elections on Sunday. Note that 320 seats is the key threshold in the 480-seat lower house, as it would give the LDP a 2/3rd supermajority empowering them to vote down bills passed by the DPJ-controlled upper house.

- The November data published this week further suggests that the Chinese economy is bottoming out. New yuan loans rose for the first time in three months, both industrial production and retail sales pushed out to eight-month highs, and the HSBC flash manufacturing PMI was above 50 for the second month in a row. On Friday, the Shanghai Composite saw a monster 4.3% rally, pushing out to four-month highs above 2,150 in the wake of the data. This weekend the Politburo will convene its Central Economic Work Conference to set out 2013 economic policy objectives.

 TradeTheNews

Dec 14 2012

Very nice day concluding two-weeks long winning run. Perfect way to take a break for vacation.

ATTENTION: Room is going to be on autopilot till Dec 26. All current trialers are welcome to stay and communicate with room members.  All new trials will be granted after Dec 26. All orders requiring hard copy shipping submitted between Dec 16 and Dec 26 will be shipped after Dec 27. 111 TRADES and A TAOIST TRADER online courses access will be granted as usual, with no delay.

Session Time: Fri Dec 14 00:00:00 2012

[08:43] {dino} gm

01[08:43] {Threei}  dino :)

[08:43] {cipher} gm

01[08:43] {Threei}  cipher :)

01[08:45] {Threei}  ADBE, what the

01[08:45] {Threei}  look at guidance

01[08:58] {Threei}  *(US) DEC PRELIMINARY MARKIT US PMI MANUFACTURING: 54.2 V 51.8E

[09:00] {scottie} good morning

01[09:00] {Threei}  scottie :)

[09:01] {dino} bby drop

01[09:03] {Threei}  extended deadline for bid by founder into next year

01[09:07] {Threei}  Obama: Marijuana users in states that have legalized it should not be 'top priority' of federal law enforcement

01[09:07] {Threei}  I didn't think it ever was

[09:14] {Beau} good morning

01[09:14] {Threei}  beau :)

[09:23] {Will49} Good morning

01[09:24] {Threei}  will :)

[09:25] {dino} so now the king is going over federal law

01[09:26] {Threei}  kings don't like to be restricted by laws... they think they know better

[09:26] {ese} mornin

[09:28] {ese} won't be sticking around too long this morning.........just long enough to watch dino and cipher become more stinking rich

01[09:29] {Threei}  ese :)

01[09:29] {Threei}  keeping an eye on ABX

01[09:29] {Threei}  can be inetersting short candidate

[09:31] {dino} lol ese

[09:33] {thomcbell} FB under serious pressure 

01[09:33] {Threei} Short Setup: ABX  .30 break

01[09:34] {Threei}  FB, let it work out opening volatility

01[09:34] {Threei}  too jumpy

[09:34] {ese} am still long auy

01[09:35] {Threei}  change ABX trigger to .40 break

01[09:36] {Threei} Short Setup: GDX  .65 break

01[09:36] {Threei}  If holds  .70 

[09:37] {robbers} missed it

[09:37] {scottie} ditto

[09:37] {dino} vsm l aapl .62 wide

01[09:38] {Threei}  let's see if it bounces for double top

01[09:39] {Threei}  nope... start covering who got it

[09:39] {scottie} abx not in short list

01[09:39] {Threei}  anyone has it?

01[09:39] {Threei}  if yes, stop is obvious

[09:39] {Will49} no

[09:40] {thomcbell} short setup fcx 33 break if holding 33.10

[09:40] {thomcbell} fcx invalid 

[09:41] {thomcbell} aig looks like 34 break if holding 34.10

01[09:42] {Threei}  very much so

01[09:43] {Threei}  look at daily too

01[09:43] {Threei}  that 34 break can be a trigger to cascade

[09:43] {thomcbell} although - i think 33.75 is has a confluence of support - uptrend since 30.75 and gap fill 

[09:44] {thomcbell} AIG invalidated

01[09:45] {Threei}  for now, but it can be one of those on again off again, with eventual trigger later on

[09:45] {cipher} hesl l .59

[09:46] {cipher} out .72 +.13

[09:47] {thomcbell} wow lvs 

[09:47] {cipher} sorry wrong symbol hesl=life

01[09:48] {Threei}  that's OK cipher, we played both

[09:49] {cipher} scanner busy this am

[09:49] {cipher} can't keep up

[09:49] {cipher} posting

01[09:49] {Threei}  quite good smackdown FB

[09:49] {ese} very busy

01[09:50] {Threei} Short Setup: AIG  34 break

01[09:50] {Threei}  If holds  .10 

01[09:50] {Threei}  target 1:4 - 1:5

[09:51] {nemo} 33.90 is the 50 day

01[09:51] {Threei}  grrr... was looking at 28 short FB, didn't get readable setup

[09:52] {thomcbell} no too crazy the action in it right now 

[09:52] {thomcbell} rimm 13.71 break if holding 13.81

[09:52] {thomcbell} target 1:2

[09:53] {thomcbell} i think 33.75 level will be a very good long on aig 

[09:54] {ese} what was the reason for the FCX haircut a week ago

[09:54] {nemo} acquisition...google it

[09:55] {nemo} frickin' blonde musicians

01[09:55] {Threei}  bought two companies

[09:55] {ese} lol

[09:55] {ese} so it cost them alot of cash........hmmmmmmm

[09:55] {dino} two which were partially owned by ceo of fcx

[09:55] {thomcbell} rimm 1:1

[09:56] {ese} ahhhhhhhh

[09:56] {nemo} whether they will be dilutive or accretive to earnings is as of yet unclear

[09:56] {ese} the thick plottens there

01[09:56] {Threei}  good read on RIMM

[09:56] {ese} interesting

01[09:56] {Threei}  look how AIG tries to defend 34

[09:57] {thomcbell} the 14 break was a goodiee too

01[09:57] {Threei}  cascade I amtelling you... cascade...

[09:57] {nemo} gonna' bounce at .90

01[09:58] {Threei}  no way

01[09:58] {Threei}  will slice through it as there is nothing but thin ait

01[09:58] {Threei}  air

[09:59] {dino} hot knife thru butter

[09:59] {thomcbell} now if it holds and guys were leaning on it short it could have a big move in other direction

01[09:59] {Threei}  hot knife through pockets of bottom fishers

[10:00] {Will49} it's metaphor morning!

01[10:00] {Threei}  MMM

[10:00] {Will49} or is that a simile?

01[10:00] {Threei}  miced metaphor morning

[10:00] {nemo} better than semaphore morn ing

01[10:00] {Threei}  mixed

[10:00] {cipher} zumz l .77

[10:00] {nemo} cipher only sane one

[10:00] {Will49} quick nemo

01[10:01] {Threei}  that's not the saddest state of affairs - now if nemo was the sane one, we would be finished

[10:01] {thomcbell} covering another 1/4 rimm 13.56

01[10:02] {Threei}  wtg

[10:02] {ese} eeeeessshhh.......shudder the thought

[10:02] {Will49} we're all fiddling while tbell makes money

[10:02] {thomcbell} aig two sided 34.09 break or 34 break 

[10:03] {thomcbell} flat rimm

[10:03] {cipher} tna l .36

01[10:04] {Threei}  AIG is so ready to disappoint bitterly those who count on support holding

01[10:04] {Threei}  exit door will be very very narrow

[10:04] {dptl} good morning

01[10:04] {Threei}  dp :)

[10:05] {ese} dp

[10:05] {ese} show us how to do it dp

01[10:05] {Threei}  frikin FB

01[10:06] {Threei}  totally got away from us

[10:06] {cipher} out zumz .66 -.11

[10:07] {cipher} out tna .46 +.10

[10:07] {thomcbell} cant believe it hasnt broken yet 

01[10:08] {Threei}  very important support... a lot of forces trying to defend it

[10:08] {nemo} this could go on for quite awhile, no momentum in the market

01[10:08] {Threei}  which makes it so promising if breaks

01[10:08] {Threei}  let me repeat: frikin FB

[10:11] {nemo} you in already vad?

[10:12] {dptl} mcp .15 short?

[10:12] {Will49} after all tha waiting :(

[10:12] {scottie} not in short list

[10:12] {nemo} yeah, me neither

[10:13] {cipher} IBM L.85

01[10:13] {Threei}  hl from .04, no more inventory for second half on a break

[10:13] {ese} have a great weekend all........catch you monday

01[10:14] {Threei}  have a good one ese, see you in a week and half

[10:14] {thomcbell} i am surprised there wasnt volume on that break - a lot preceeding it 

[10:14] {cipher} out ibm .30 +.45

[10:15] {thomcbell} i am looking for a long setup on this now vad 

01[10:16] {Threei}  this SPY bounce lept it up a little... that's all

[10:16] {cipher} agnc l .10

01[10:16] {Threei}  .90 sliced through easily

[10:16] {dptl} met .20 short?

01[10:17] {Threei}  probably

01[10:17] {Threei}  1:2...

[10:17] {robbers} aig falling off its own fiscal cliff at the moment.

01[10:17] {Threei}  your projected .75 is coming but I don't believe it will hold

01[10:17] {Threei}  lol robbers

[10:17] {cipher} out agnc .15 +.05

01[10:18] {Threei}  look at that bid

01[10:18] {Threei}  hit

01[10:18] {Threei}  1:3

[10:18] {robbers} out 1/2.

[10:22] {thomcbell} i sent you an email Vad

[10:22] {thomcbell} of what i am looking at in AIG

[10:23] {dptl} half out met

[10:23] {thomcbell} AIG Vad :)

[10:23] {thomcbell} your trade was perfect  but that was a serious bounce off that level

01[10:24] {Threei}  yup

01[10:24] {Threei}  well, 1:3.5

01[10:26] {Threei}  I don't mind, and consider it a nice cascade - which is the word that for some reason annoys nemo very much so I use it deliberately and generously

01[10:26] {Threei}  and it took MET with it, so dp got his side trade off AIG

[10:28] {Will49} ouy MET tks dp

[10:28] {Will49} out

[10:28] {cipher} sndk l.46

01[10:28] {Threei}  good one guys

[10:30] {cipher} out sndk .61 +.15

[10:32] {dptl} yw Will

[10:34] {dptl} stop above .10 now

[10:35] {dptl} out some more here met

[10:37] {thomcbell} gdx looks terrible 

[10:37] {cipher} MCRS S .95

01[10:37] {Threei} Short Setup: GDX  46 break

01[10:37] {Threei}  If holds  .10 

[10:39] {nemo} cvs

[10:43] {thomcbell} slw looks like short setup too 

[10:43] {dptl} stop to 32.01 met for last part

[10:45] {thomcbell} rimm jis just so resilient 

[10:45] {Will49} nicely traded dp

[10:45] {dptl} to above .90 now

[10:46] {dptl} bidding .71 on it to clear

[10:47] {Will49} oops

[10:47] {dptl} out

[10:47] {Will49} congrats

[10:47] {dptl} :)..ty

[10:52] {dino} qcom gap filling

[10:52] {dino} hl l .75

[10:53] {dino} stop is lod

01[10:53] {Threei} Short Setup: FB  .40 break

01[10:53] {Threei}  If holds  .50 

01[10:58] {Threei}  45% of Likely U.S. Voters believe right-to-work laws are good for a state�s economy. Just half that many (22%) disagree.

01[11:00] {Threei}  FB is valid again

01[11:00] {Threei} Short Setup: GDX  .20 break

01[11:00] {Threei}  If holds  .30 

[11:02] {thomcbell} aapl chart looks pretty freaking scary

[11:04] {dptl} in fb

[11:04] {thomcbell} qcom horrendous action too 

01[11:04] {Threei}  FFG is welcome anytime now

01[11:05] {Threei}  1:1

[11:05] {dino} fb hl l .30

01[11:05] {Threei}  Invalidated  GDX 

[11:06] {dptl} out some fb ty

01[11:06] {Threei}  careful dino, we just phoned FFG in

[11:09] {dino} will do

[11:09] {Will49} FFG on hold

01[11:09] {Threei}  although he didn't pick up the phone

01[11:09] {Threei}  we left message with his secretary

01[11:10] {Threei}  who said demand for FFG services has tripled

01[11:11] {Threei}  he is no busy training some TFGs in select body part obesity

01[11:11] {Threei}  no = now

[11:11] {Will49} secretary is Flat Figured Girl

[11:11] {dino} why do you call it ffg?

01[11:12] {Threei}  Fat Finger Guy :)

[11:12] {dino} ahhh

[11:12] {dptl} lol

01[11:12] {Threei}  look yesterday's FB 1 min, his presence and ingfluence are very visible :)

01[11:13] {Threei}  variation of years-old swiss trainee joke :)

[11:26] {dptl} out fb

[11:27] {Will49} Tks Vad...FB

01[11:27] {Threei}  yw

01[11:28] {Threei}  not sure why you are exiting prematurely though

[11:29] {Will49} wer'e just wild and crazy guys

[11:29] {dptl} i was just thinking about that ...should of stay....

[11:29] {Will49} still working on the fear factor Vad

01[11:30] {Threei}  creative thinkers...

01[11:30] {Threei}  trading is not the time for creativity

[11:30] {Will49} thinking is the problem

01[11:30] {Threei}  trading is time for execution

01[11:30] {Threei}  and thinking is horrible horrible habit

[11:30] {Will49} knowing and doing are two different things, eh?

[11:31] {robbers} FB's traders finger right now is just slightly overweight.

[11:31] {dptl} :)..yep your right

[11:31] {dptl} thinking is the problem

01[11:32] {Threei}  good news is, it's nothing that alcohol woul;dn't cure

[11:32] {Will49} :)

[11:32] {robbers} LOL

[11:32] {dptl} lol

[11:32] {Will49} think I'll try trading half cut....see if that's better

01[11:32] {Threei}  as famous russian stand-up comedian said, Alcohol in small dozes is harmless in any amounts

[11:32] {Will49} lol

[11:33] {dino} lol

[11:33] {dptl} hes .65 short?

01[11:33] {Threei}  yes

01[11:34] {Threei}  1:2

[11:34] {scottie} 1/4 more out

01[11:35] {Threei}  rare case when his phrase is more or less translatable... attempts to translate him in English are famous for their futility

[11:35] {robbers} Same for the translator for some of my jokes.

01[11:36] {Threei}  he even did a routine once where his jokes were translated in English and back in russian, becoming unrecognizable, not even speaking of funny

01[11:37] {Threei}  in that routine there is an american producer, listening to his jokes in translation and asking: and they laugh at this over there? and he is famous overf there? who says? he does? anyone but his says this?

01[11:37] {Threei}  but him

[11:37] {dptl} where would you put stop on hes Vad .70? 

[11:37] {dptl} or .75

01[11:38] {Threei}  nah, .70

[11:38] {dptl} ok ty

01[11:38] {Threei}  too narrow to give it this much room

[11:38] {dptl} missed

[11:39] {dptl} :)

[11:39] {robbers} Is part of it cultural, Vad?  I know in Japan, the entire sense of humor was different, much less what gets lost in translation.

01[11:40] {Threei}  part is cultural, and part is based on reality of USSR that is unknown to foreigners

[11:41] {scottie} good eye on hes dp, missed it too

01[11:41] {Threei}  so there are plenty of things that are not being said in the joke, but understood by default by anyone who lived in those times

[11:41] {dptl} was changing pos size and it just went "_

01[11:41] {Threei}  and joke without that understanding completely dissolves

01[11:42] {Threei}  some of his jokes are understood or lost on generational basus now, those who were born too late to know soviet realities don't get them

01[11:43] {Threei}  and he has a joke about this too:

01[11:43] {Threei}  I am in a total win-win situation: eother our life becomes better or my jokes will live forever

[11:44] {dptl} lol..yep 

[11:45] {thomcbell} lvs 46.88 break if hldoking 46.78

01[11:45] {Threei}  here are some of them translated: http://blog.tanyakhovanova.com/?p=283

[11:46] {dino} pcyc drop

01[11:46] {Threei}  this one is in nemo's style:

01[11:47] {Threei}  Do not run from a sniper, you�ll die tired.

[11:47] {dptl} roflol

[11:47] {scottie} lol

[11:47] {Will49} good one!

01[11:48] {Threei}  and this one is absolutely soviet, I doubt it translates well:

01[11:48] {Threei}  A courteous man will not criticize a woman who carries a railroad tie awkwardly

[11:48] {Will49} no translation needed

[11:49] {Will49} careful Vad, BC human Rights Tribunal will get you for that joke :)

01[11:50] {Threei}  me speek no enlgisa

[11:50] {Will49} hahaha

[11:50] {Will49} they don't care

01[11:50] {Threei}  me no home

[11:52] {thomcbell} qcom looks like a long break of 60 or a short of 59.92 with a pattern failure 

01[11:53] {Threei}  tnis one is international... Everything in this world is relative. For example, the length of one minute depends on which side of the bathroom door you�re on.

[11:53] {Will49} lol

[11:53] {dptl} lol

[11:54] {scottie} lol

[11:55] {Will49} laughs from the 3 muskateers

[11:55] {scottie} who were 4 as everyone knows :)

[11:56] {Will49} yeah

[11:56] {dptl} here is my favorite: if 

01[11:56] {Threei}  I was wondering about that my whole childhood

01[11:56] {Threei}  that's all dp?

01[11:56] {Threei}  "if"?

[11:57] {dptl} if you wake up in the morning and you don't need to get up ,then you were sleeping standing

[11:57] {Will49} can't tell a joke and execute at same time eh dp?

[11:57] {scottie} lol

[11:58] {thomcbell} qcom 1:1

[11:59] {thomcbell} multiple defenses apparently 

[12:00] {thomcbell} stop to break even on qcom 

[12:04] {thomcbell} got stopped on qcom 

[12:05] {thomcbell} damn rinse on qcom

[12:06] {scottie} +.29 tks Vad

[12:06] {Will49} Have a good weekend guys...got people to see places to go :)

01[12:06] {Threei}  FFG finally arrived

[12:06] {robbers} cya Will.

01[12:06] {Threei}  1:3, out

01[12:06] {Threei}  have a good one will

[12:06] {scottie} will

[12:06] {dptl} TTFN Will :)

01[12:06] {Threei}  see you in a week and half

[12:06] {Will49} tks guys...good morning!

[12:07] {Will49} Have a great vacation Vad

01[12:07] {Threei}  I will, I promise

[12:08] {robbers} Vad, I missed the days of your vacation, can you repeat please.

01[12:09] {Threei}  I'll be back Dec 26

[12:09] {robbers} Last day here in the room is...?

01[12:09] {Threei}  unless wife pushes me over into flowing lava

[12:09] {dptl} cog .10 short?

01[12:09] {Threei}  today

01[12:10] {Threei}  not sure about COG

[12:10] {dptl} k

01[12:10] {Threei}  something doesn't look convincing

[12:12] {thomcbell} qcom hah

[12:12] {dptl} vlo?

[12:12] {dptl} .10 long?

01[12:13] {Threei}  no

01[12:13] {Threei}  too narrow

[12:13] {dino} vad, in case i forget, have a great trip.

[12:13] {dptl} k

01[12:14] {Threei}  ty dino... considering the locale, hard not to :)

01[12:14] {Threei}  I even don't mind terribly that perspective of being pushed into lava

[12:14] {thomcbell} lvs i am going to tighten stop to 46.83 on 46.88 long 

[12:14] {dino} well, if one must die, why not in a volcano

01[12:14] {Threei}  right

01[12:15] {Threei}  exotic and memorable

[12:15] {dino} and maybe it will please the island gods

01[12:16] {Threei}  can I change my VLO answer?

[12:16] {dptl} :) 

[12:19] {thomcbell} out lvs

[12:20] {thomcbell} aig looks like 34.19 break short if holding 34.25 

[12:24] {dptl} oh...good   sun is shinning in Vancouver,,finaly,rain rain everyday i thought i wont see sun till next year

[12:29] {thomcbell} damn vad that qcom was a goodie - 60 break long 

01[12:30] {Threei}  yeah

[12:30] {thomcbell} Had to play by the book

[12:41] {cipher} qcom l.40

[12:44] {cipher} out .50

[12:47] {nemo} 27 reported dead in Ct.

[12:47] {dino} qcom wants 61

01[12:47] {Threei}  jeez

[12:47] {dino} my stop is .24

[12:48] {dptl} what heppend?

[12:48] {nemo} shooter in an elementary school

[12:50] {dptl} what  the heck is going on with this world

[12:50] {nemo} actually nasty stuff happens everyday in other parts of the world, we just don't hear about it....supposedly father of one of the students went to kill the principal, and kept going.

[12:51] {nemo} kindergarten class

[12:52] {dptl} where is it?

[12:52] {nemo} Connecticut

[12:57] {cipher} ssys l.29

[12:59] {dptl} i got to go see ya monday all..........Vad have a wonderful trip, and happy holydays 

01[12:59] {Threei}  take care dp, thank you

[13:00] {dptl} make sure you make nicce pictures of the end of the world in there :)

[13:01] {dptl} and email it rightaway so i'll have time to see....lol

[13:02] {thomcbell} great call on qcom going to 61

01[13:02] {Threei}  meh... eiother I survive it and return to tell the tale, or I'll take it all in myself :)

[13:02] {dptl} :)

[13:02] {cipher} thrx l .05

[13:06] {dino} qcom to .75

[13:06] {cipher} out ssys .30 +.01

[13:10] {dino} out qcom +1.00

01[13:10] {Threei}  wtg

[13:11] {dino} ty

[13:12] {robbers} nice, Dono, congrats.

[13:12] {robbers} Dino too.

[13:13] {cipher} ssys l .08

[13:13] {dino} ty

01[13:19] {Threei}  New High: 73% Say Government Should Cut Spending to Help Economy.

01[13:20] {Threei}  I don't get it

01[13:20] {Threei}  poll after poll shows public wanst spedning cut muchy more than taxes raised

01[13:20] {Threei}  yet they vote fot casndidate who is on the opposite side

01[13:24] {Threei}  is election is pure popularity contest, then yes, I understand

[13:28] {cipher} out ssys .00 -.08

[13:31] {scottie} CNH l .50 ?

01[13:32] {Threei}  a bit too thin...

[13:32] {dino} aria drop

[13:32] {scottie} tks

01[13:32] {Threei}  not dino-thin but...

[13:33] {scottie} :)

[13:35] {dino} aria sm l .95

[13:35] {cipher} ARIA L .59

[13:36] {dino} you dog

[13:37] {cipher} out 1/2 .99

[13:38] {dino} gj

[13:38] {robbers} wtg

[13:38] {cipher} out in full .19 yhx dino

[13:38] {cipher} thx

[13:38] {cipher} too soon

01[13:40] {Threei}  nice ctach

[13:40] {cipher} s aria .28

01[13:40] {Threei}  my dyslexia obviously increased greatly

[13:40] {cipher} COV .16

01[13:40] {Threei}  I really need that vacation

[13:46] {cipher} ONXX L .20

[13:51] {dino} out aria .00, +1.05

[13:52] {dino} too soon

[13:55] {dino} tough crowd

[13:55] {cipher} wtg

[13:55] {dino} thx buddy

01[13:56] {Threei}  we are just too jealous

[13:56] {cipher} out onxx .35 +.15

[13:56] {nemo} aria going for vwap

[13:56] {scottie} as usual dino, you leave me speechless

[14:09] {thomcbell} fcx trades great 

01[14:09] {Threei} Short Setup: FB  .20 break

01[14:09] {Threei}  If holds  .30 

[14:16] {cipher} onxx l.05

[14:17] {scottie} ENDP s .80 ?

01[14:18] {Threei}  yup

[14:21] {nemo} GS at the top of the range, they stay there, big gap up on Monday...must be news on the FC

[14:24] {robbers} Gotta go.  Good weekend to everyone and Vad, hope you have an amazing trip.

[14:24] {scottie} robbers

[14:25] {robbers} My only advice, Vad, don't stand on the edge of any volcanos.

01[14:25] {Threei}  thank robbers, take care :)

01[14:25] {Threei}  well

01[14:25] {Threei}  we'll see

[14:25] {dino} cya

[14:25] {robbers} Have a great time.

01[14:25] {Threei}  I will :)

01[14:31] {Threei}  FFG is on final approach

[14:33] {scottie} in endp .79

[14:34] {cipher} TFM L .14

[14:36] {cipher} OUT .34 +.20

01[14:36] {Threei}  nice

01[14:36] {Threei}  didn't take long either

[14:36] {cipher} was easy to get

[14:36] {cipher} 1 penny spread

[14:38] {cipher} s tfm.56

[14:40] {scottie} half out endp

01[14:40] {Threei}  ENDP 1:1

[14:42] {cipher} cov tfm .33 +.23

[14:42] {nemo} wow aria

[14:43] {scottie} half out fb

01[14:44] {Threei}  life is slow and narrow but good

[14:45] {scottie} endp stop to .77

01[14:46] {Threei}  FB 1:1

[14:46] {cipher} tfm l .25

[14:49] {dino} aria back to lod

[14:51] {scottie} 1/4 more out endp

01[14:52] {Threei}  ENDP 1:2

01[14:52] {Threei}  scottie... amazing improvement inpatience department

01[14:53] {Threei}  quite recently you couldn't make yourself hold for 1:2

[14:54] {scottie} slowly taking care of that fear problem

[14:54] {scottie} now, if I could figure out that profit thing :)

01[15:00] {Threei}  it follows resolution of all the problems

[15:01] {scottie} hope so

[15:01] {cipher} ibm l .42

[15:05] {cipher} out .55

[15:06] {cipher} tfm stopped .17 -.08

[15:07] {dino} aria sm l  .50 break

[15:08] {scottie} endp stop to .66

[15:10] {cipher} tfm l .25

[15:11] {cipher} ibm l .31

[15:15] {cipher} out ibm .50 

01[15:15] {Threei}  cool

01[15:15] {Threei}  END is coming on 1:3

[15:16] {cipher} out tfm .58 +.33

01[15:17] {Threei}  cooler yet

01[15:18] {Threei}  FB 1:2

[15:18] {thomcbell} excellent Vad

01[15:18] {Threei}  what's woth trade after trade working like charm

[15:19] {thomcbell} that is some round trip on qcom

[15:19] {thomcbell} shocking 

01[15:21] {Threei}  Just 37% Now Call Themselves Fiscal Conservatives

01[15:21] {Threei}  that volcano starts looking more and more attractive option

[15:21] {dino} wow qcom lod

[15:22] {dino} opps just saw your post tbell

[15:22] {thomcbell} aapl chart looks like it is going to 410

[15:22] {scottie} endp stop to .61

[15:22] {cipher} tfm l .54

[15:23] {cipher} out 1/2 .76

[15:26] {cipher} out in full .67

[15:35] {dino} gj

[15:35] {scottie} fb +.29 tks Vad

01[15:35] {Threei}  Fb, OUT IN FULL

01[15:36] {Threei}  nice and clean 1:3 er

[15:36] {thomcbell} delicious trade

[15:36] {scottie} great trade :)

01[15:36] {Threei}  probably has more but

01[15:36] {Threei}  nice way to finish the pre-vacation trading

[15:38] {thomcbell} long setup aig 40 break if holding 33.90

[15:38] {scottie} Have a great vacation Vad, and don't forget your camera :)

[15:39] {thomcbell} the influence of aapl on the market is astounding 

01[15:40] {Threei}  camera will get on that plane before I do... it's already sitting at the door saying "well???"

[15:40] {scottie} lol

[15:42] {scottie} endp out in full

[15:44] {scottie} ok guys, have a great weekend

01[15:44] {Threei}  ok guys, thank you all, have a great time, merry Christmas

01[15:45] {Threei}  room of course is open as alway

01[15:45] {Threei}  just without me :)

01[15:45] {Threei}  I'll see you all after Christmas

[15:46] {thomcbell} wow u are going away that long Vad?

[15:46] {thomcbell} good for you

01[15:46] {Threei}  how is it long... a week and half :)

[15:46] {thomcbell} oh i thought u meant after new years 

01[15:46] {Threei}  Dec 26 I should be here

[15:47] {dino} have great trip and xmas vad

01[15:47] {Threei}  thank you!

[15:47] {thomcbell} yes have a great trip 

01[15:47] {Threei}  I will, take care all

01[15:48] {Threei}  keep nemo in check

01[15:48] {Threei}  and dp sober

[15:48] {scottie} as usual, nemo will keep saying us how much he loves you

01[15:49] {Threei}  hahaha

[15:49] {thomcbell} wow qcom

01[15:49] {Threei}  ugh, FB 1:4

Dec 13 2012

Nicely profitable day again, with a few good ones coming later in the day. Also we got a new kind of setup - OFFFG trade

Session Time: Thu Dec 13 00:00:00 2012
[09:05] {scottie} good
[09:06] {scottie} morning
01[09:06] {Threei}  hi
01[09:06] {Threei}  scottie
[09:06] {scottie} lol
01[09:06] {Threei}  :)
01[09:21] {Threei}  gold takedown
[09:21] {Beau} good morning
01[09:22] {Threei}  beau :)
[09:22] {Will49} Good day gents
01[09:22] {Threei}  will :)
[09:23] {dino} gm
01[09:23] {Threei}  dino :)
01[09:23] {Threei}  are you aware that it was accepted scientific thought in the early 1800's that if anyone was to be accelerated faster than 35 miles per hour the air would be sucked out of their lungs?
[09:24] {dino} i was not
[09:25] {robbers} That would really suck.
01[09:25] {Threei}  sometimes I think I regret they were wrong
01[09:25] {Threei}  maybe we would be better off moving slowly :)
01[09:26] {Threei}  no job outsourcing to china would ever happen
[09:26] {cipher} gm
01[09:26] {Threei}  cipher :)
[09:26] {ese} gm
01[09:26] {Threei}  in fact, we might still be guessing whether China exists
01[09:26] {Threei}  ese :)
[09:26] {ese} mornin vad
[09:27] {robbers} Ese, everything going ok with you?
01[09:27] {Threei}  no cheap iphones, sure... but I don't really use even my very dumb cell phone
[09:28] {robbers} And no speeding tickets.
01[09:28] {Threei}  unless they'd install 20 mph speed limit...
[09:28] {robbers} Yeah, gotta generate revenue somehow.
01[09:29] {Threei}  so, GLD and SLW look to be short targets
01[09:29] {Threei}  will skip first minutues
01[09:30] {Threei}  FB looks short candidate on .55 break
01[09:30] {Threei} Short Setup: FB  .55 break hal
01[09:30] {Threei}  If holds  .65
01[09:31] {Threei}  1:1
[09:33] {thomcbell} long setup aig 34.79 break if holding 34.72
01[09:34] {Threei} Short Setup: FCX  .35 break hl
01[09:34] {Threei}  If holds  .45
01[09:34] {Threei} Short Setup: SLW  .20 break hl
[09:35] {thomcbell} i think aig still valid
[09:35] {thomcbell} im in
01[09:35] {Threei}  no go FCX
[09:35] {thomcbell} lord god bounce FB
01[09:35] {Threei}  Invalidated  SLW
[09:36] {thomcbell} short setup Rimm 13.62 break if holding 13.72
[09:36] {thomcbell} missed it
[09:36] {thomcbell} out aig
[09:37] {thomcbell} -.10
01[09:40] {Threei} Short Setup: GLD  .95 break
01[09:40] {Threei}  If holds  .05
[09:41] {cipher} cat s .21
[09:41] {cipher} cov .01 +.20
01[09:42] {Threei}  nice swan dive
01[09:42] {Threei}  let's trail GLD to .01
01[09:43] {Threei}  out
[09:43] {dino} met hl s .75
01[09:43] {Threei}  missed beautiful kangaroo tail reversal on FCX, .60 short... ugh
[09:44] {nemo} looks like indexes want to fill gaps
01[09:46] {Threei} Long Setup:  AIG  .65 break
01[09:46] {Threei}  If holds  .55
[09:47] {cipher} mcrs l .78
[09:48] {cipher} stopped .72 -.06
01[09:50] {Threei}  AIG target 1:2
01[09:51] {Threei}  1:1
[09:51] {thomcbell} i think it has more in it
[09:52] {cipher} ulta l .23
[09:52] {thomcbell} pivot 35.06
[09:53] {dino} met stop -.16
[09:54] {ese} L auy .58
[09:56] {cipher} allt l .50
[09:57] {ese} rats i'm down 3 dollars.......bad call
01[09:58] {Threei}  losing touch, eh?? :)
[09:58] {ese} ya
06[09:58] * Threei kicks AIG in the rear
[10:00] {dino} met last try, hl s .99
[10:01] {dino} bstop .10
[10:01] {dptl} good morning
01[10:01] {Threei}  dp :)
[10:01] {dino} gm
01[10:02] {Threei}  1:2, my a$$ is out
[10:02] {dino} avd hl l .70
[10:02] {scottie} +.19 tks Vad
01[10:02] {Threei}  :)
[10:02] {thomcbell} nice VAD
[10:02] {Will49} tks Vad
[10:02] {ese} deeeeeeeeeeeeenoooooooooooooo
[10:02] {dino} rh odd
01[10:02] {Threei}  dp, this is for you, from nemo: http://goo.gl/b10mL
[10:03] {dino} lol ese
[10:03] {ese} talk about firing from the hips.........is on the board 2 seconds and long avd
[10:03] {dptl} lol
[10:03] {dptl} thats right lol
[10:03] {ese} ddddddddddddddddddppppppppppppppppppp!!!!!!!!!!!!1 buddy your back
[10:04] {dptl} Ese.....:)
[10:06] {ese} it's great your back on the board because our countdown starts January 1 dp
[10:06] {dino} met stop -.10
01[10:07] {Threei}  countdown?
[10:07] {ese} countdown to shiskabob barbecue at vads in july
[10:08] {dptl} oh ye :)
[10:08] {Will49} going to bring a designated driver this time
[10:08] {ese} lol
[10:08] {Will49} if I'm invited
[10:08] {dptl} cog .60 short?
[10:08] {ese} if i recall right..........after you left the last time will.......vad had no vodka left
[10:08] {Will49} :)
01[10:09] {Threei}  COG yes but late
[10:09] {Will49} drinking out of an AK47 was a new experience
[10:09] {ese} lol......i'll say
01[10:09] {Threei}  hehe
[10:09] {ese} thats legend now............everyone on the board needs to see it to believe it
01[10:10] {Threei}  when you are ready for the vodka with chili pepper, I'll uncork that grenade
[10:10] {Will49} can hardly wait
01[10:10] {Threei}  what do you know, tbell was right on AIG
01[10:10] {Threei}  1:3
[10:10] {thomcbell} aig 1:3 :)
[10:10] {thomcbell} im still there
[10:10] {Will49} and still right
[10:11] {ese} nice one thom.........just looked at that
[10:11] {scottie} UAL l .20 ?
01[10:11] {Threei}  yup
[10:12] {robbers} out aig, thanks man.
01[10:12] {Threei}  welcome, although you probably mean tbell, not me
01[10:12] {Threei}  but I'll take the credit whether I am given it or not
[10:13] {dptl} mcp .60 short?
[10:13] {scottie} in .22
01[10:13] {Threei}  not sure on MCP
[10:14] {thomcbell} out aig 35.02
01[10:15] {Threei}  wtg
[10:15] {Will49} good job tbell
01[10:15] {Threei}  UAL beautiful
[10:16] {scottie} half out
[10:17] {scottie} 1/4 more out
[10:17] {ese} things looking up.......only down $1.98 auy
[10:17] {ese} opps.......up 4 bucks
01[10:17] {Threei}  lol
[10:17] {ese} nice
[10:17] {Will49} tks scottie, nice catch
01[10:18] {Threei}  very
01[10:18] {Threei}  where is patel... such example of consolidation break
[10:19] {scottie} out +.28
[10:19] {thomcbell} rimm was a good one on that break of 14
[10:20] {scottie} yw will
[10:21] {scottie} ual 1:5
[10:23] {thomcbell} thanks for the help on that aig Vad - i did a much bigger position when i saw you liked the same setup
01[10:23] {Threei}  sure thing
[10:24] {cipher} out ulta .34 +.11
[10:25] {dptl} anf 47 long?
01[10:25] {Threei}  yes
01[10:25] {Threei}  hl
[10:26] {ese} L auy avg .60
[10:27] {ese} have hit the big time today am up .34 cents
[10:27] {ese} am considering taking my profit
[10:28] {dino} esio hl l .60
[10:31] {dptl} half out anf
[10:32] {cipher} lnco l .14
[10:32] {dptl} out anf
[10:33] {scottie} infa l .70 ?
01[10:34] {Threei}  no read
[10:34] {scottie} tks
[10:34] {dptl} cog .60 sh again?
[10:35] {scottie} double tks
[10:35] {ese} gotta go all...cya tomorrow......am up a $1.06cents in profit now...........whoa boy........it's hard to controll myself.....later eh
01[10:35] {Threei}  take care ese :)
[10:35] {scottie} ese
[10:35] {ese} scottie vad
01[10:36] {Threei}  COG yes
01[10:36] {Threei}  still hl
[10:36] {dino} cya
01[10:36] {Threei}  spread is jumpy
[10:36] {thomcbell} short setup rimm 13.88 break if holding 13.98
[10:37] {dptl} in cog .70 stop
[10:39] {cipher} out lnco .28 +.14
[10:39] {thomcbell} rimm 1:1
01[10:40] {Threei}  nice
01[10:40] {Threei}  idea of shorting RIMM resonates with me
01[10:40] {Threei}  flying pigs should remember of gravity
[10:44] {scottie} bby l .45 ?
[10:44] {thomcbell} flat on remaining rimm - will look for another setup
01[10:45] {Threei}  I think so BBY
01[10:47] {Threei}  what the
[10:48] {Will49} ?
[10:48] {scottie} bad execution, out at .96 -.50 :(
01[10:48] {Threei}  wow!
01[10:48] {Threei}  how can it be??
[10:49] {scottie} blew my stop, and by the time I reacted it was already below 14
01[10:49] {Threei}  BBY Hearing M&A blog speculating the deal financing has not been finalized -
01[10:49] {Threei}  news killed it
01[10:50] {Threei}  sorry scottie... but... this is illustration to why we don't second-guess stops
01[10:50] {Threei}  just execute them
[10:50] {dino} shit happens scott. don't sweat it
[10:51] {Will49} I got reamed too scottie, just dumb bad luck
[10:51] {dino} once taken they should not bother you
[10:51] {Will49} I was like a dear in the headlights when it screamed past me stop
[10:51] {Will49} my stop
[10:52] {scottie} Had manual stop at .30 and ready to trigger at .34, lokked at something else for a few seconds, and then ...
[10:52] {scottie} looked
[10:52] {thomcbell} AIG perfect VAD- all the way back to entry
01[10:53] {Threei}  watching
[10:55] {dino} esio won't move, stop to .60
[11:02] {thomcbell} FB just incredible
[11:02] {cc_8} Stocks Hitting 52-Week HighsPosted on: Thursday, December 13, 2012 - 10:10amClearwire (NASDAQ: CLWR) shares gained 11.45% to create a new 52-week high of $3.07. Sprint Nextel (NYSE: S) is offering $2.90 per share to acquire the rest of Clearwire. .
[11:03] {cc_8} Stocks Hitting 52-Week LowsPosted on: Thursday, December 13, 2012 - 10:17amAtlantic Power (NYSE: AT) shares lost 2.24% to create a new 52-week low of $10.93. Atlantic Power's trailing-twelve-month ROE is -10.22%. .
[11:07] {dptl} hmm...cog just wont give up
01[11:10] {Threei} Short Setup: FCX  .60 break
01[11:10] {Threei}  If holds  .65
01[11:15] {Threei}  trail it to .66 dp
[11:15] {dptl} ok
01[11:16] {Threei}  1:1
01[11:18] {Threei}  finally COG
01[11:18] {Threei}  took its sweet time
[11:18] {dptl} whee out some
[11:20] {cipher} BRCM L .60
[11:21] {cipher} out .67
[11:22] {nemo} cvs wants to give it all back
[11:23] {dptl} if it takes .40 it may go all the way to 47 cog
[11:24] {dino} cost gap fill
[11:25] {dino} hl l .76
01[11:26] {Threei}  COG 1:2 baby
[11:28] {dino} no go cost stop -.25
[11:29] {dptl} all out cog
01[11:30] {Threei}  (US) House Speaker Boehner (R-OH): Reiterates that President Obama is not serious about cutting spending, offered plans that are anything but balanced- White House appears to be ready "slow walk" us up to the edge of the fiscal cliff. President Obama's plan does not balance taxes increases and spending cuts. - Reiterates spending is the problem.
01[11:31] {Threei}  Reiterates that its now up to Obama to propose specific spending cuts. - Raising tax rates will hurt small businesses.
[11:37] {dptl} jcp .20 long ?
01[11:37] {Threei}  I think so
[11:42] {dptl} something is not right...i'll leave it
[11:45] {dino} tva hl l .00
[11:45] {dino} cost hl l .75 nreak
01[11:45] {Threei}  - US equities briefly perked up in midmorning trading after a flattish open, although the S&P500 and DJIA are back to unchanged as of writing. Some commentators expressed discomfort with markets ending the day yesterday unchanged after the FOMC action, although others pointed out that very little has changed in the Fed stance.
01[11:45] {Threei}  great job to be a commentator...
01[11:46] {Threei}  where do I sign up
[11:46] {Will49} something like a consultant
01[11:46] {Threei}  I will express concerns, discomforts and point thisng out all day long
[11:46] {Will49} consultant looks at YOUR watch, tells you what time it is, then bills you
01[11:47] {Threei}  I like the idea
01[11:48] {Threei}  and if I can't tell the time, I can always ask nemo, and get his always reliable answer "it's drink'o'clock"
[11:48] {Will49} Vad, you could be a consultant teaching people how to become commentators
01[11:48] {Threei}  better yet
01[11:49] {Threei}  all you need is:
01[11:49] {Threei}  1. look at the headline
01[11:49] {Threei}  2. look at the price change
[11:49] {thomcbell} short setup rimm 13.94 break if holding 14
01[11:49] {Threei}  3. insert "because" if they converge and "despite" if they diverge
[11:50] {Will49} see...you've got your system designed already
01[11:50] {Threei}  long ago
[11:50] {Will49} I'll send you my bill:)
01[11:50] {Threei}  "ABCD advanced in price thanks to a great earnings report"
[11:50] {Will49} you've got it!
01[11:51] {Threei}  "ABCD price plunged despite a great earnings report"
01[11:51] {Threei}  there
[11:51] {dptl} man ..jcp worked...something stop me from taking it
[11:51] {Will49} perfecto
[11:51] {Will49} fear dp, fear
01[11:51] {Threei}  was a good setup, dp... don't know what you imagined there
[11:52] {dptl} don't know..something...oh well
[11:53] {dino} i hear ya dp, i'm missing them too, just feels off
[11:54] {dino} gco hl l .35
[11:55] {dptl} hes 52 long ?
[11:57] {thomcbell} rimm invalidated
01[11:57] {Threei}  I think so
[11:59] {dptl} in hes .90 stop
[12:08] {dptl} stopped
[12:18] {dptl} met .50short?
01[12:19] {Threei}  .55 break looked better to me
01[12:20] {Threei}  *(UK) S&P REVISES AAA UK SOVERIGN OUTLOOK TO NEGATIVE FROM STABLE
[12:20] {dptl} ahh..took .50 break
01[12:28] {Threei} Short Setup: SLW  .80 break
01[12:28] {Threei}  If holds  .85
01[12:36] {Threei}  1:1 MET
[12:37] {dptl} half out
[12:45] {dptl} out
01[12:46] {Threei}  good one
[12:47] {dptl} thank you sir....late entry but worked see that .55 would be more safe
[12:48] {thomcbell} rimm finally giving some back
[12:49] {dptl} would you still had stop at .60 if you'd get .55 entry Vad?
01[12:49] {Threei}  yup
[12:50] {dptl} ye i see...
[12:52] {thomcbell} aig 34.39 break if holding 34.35
[12:57] {Will49} can we short aig below .35?
01[12:58] {Threei}  better try to get it on bounce
[12:58] {Will49} ok
01[12:58] {Threei}  above ,35, with stop above .40
[12:58] {thomcbell} i got stopped ont he long idea
01[13:04] {Threei}  wow FB
01[13:04] {Threei}  why didn't we short .50 break
01[13:04] {Threei}  clean setup
01[13:04] {Threei}  ugh
[13:04] {thomcbell} that is looking fat fingerish a bit
[13:04] {dptl} wow...
01[13:05] {Threei}  (US) Senate Majority Leader Reid (D-NV): House Speaker Boehner is slowing down the negotiations, tax cuts are being held hostage to never-ending press conferences- Calls on Boehner once again to move Senate legislation to extend middle class tax cuts through the House immediately
[13:07] {dptl} sounds like BOHICA
[13:08] {Will49} hey hey hey
[13:08] {dptl} :)
01[13:08] {Threei}  remember our observation two days ago about rug pulls on FB?
01[13:09] {Threei}  too bad I forgot it... this was exactly the case
01[13:09] {Threei}  longish consolidation looking like two-sided, resolves into sudden selloff on it, time and again
01[13:19] {Threei}  (US) White House: Tax cuts for the wealthy are not going to happen
01[13:19] {Threei}  reminds me an ancient soviet joke...
01[13:20] {Threei}  revolutionary circa 1917, talking to a granddaughter of a revolutionary of mid 19 century: - we don't want anyone to be rich!
01[13:21] {Threei}  she: hmmm... my grandfather didn't want anyone to be poor...
01[13:23] {Threei} Short Setup: GLD  .15 break
01[13:23] {Threei}  If holds  .20
[13:27] {dino} i don't know when being successful and rich because such a bad thing. it is what i've always wanted and what built this country
[13:27] {thomcbell} good entry
01[13:28] {Threei}  well, new angle is: if you are successful, it's becasuse you worked the system
[13:28] {thomcbell} wrong box
01[13:28] {Threei}  because "there are plenty of smart and hardworking people"
01[13:29] {Threei}  and "nobody got rich in this country on their own"
[13:29] {dino} its a bunch of crap
01[13:29] {Threei}  so, congratulations to you but now it's time to share
01[13:29] {Threei}  with honest, smart and hardworking people
01[13:30] {Threei}  like those kind and gentle union folks from Michigan
01[13:30] {Threei}  who delicately explained a correspondent their position
01[13:31] {Threei}  in the process of which face of said correspondent hit their fists hard
01[13:34] {Threei} Short Setup: FB  .10 break
[13:36] {scottie} gotta go, see you all tomorrow
01[13:36] {Threei}  take care scottie
[13:48] {thomcbell} trade what you see Vad - look how well this lvs 45.55 break worked during all this selling
[13:49] {thomcbell} i ignored the setup
[13:49] {thomcbell} perfect
01[13:49] {Threei}  yeah
01[13:50] {Threei} Short Setup: FB  .30 break
01[13:50] {Threei}  If holds  .40
[13:51] {dptl} got .30
01[13:51] {Threei}  now we need that finger guy to get back at his station
01[13:52] {Threei}  and plunge FB to 28
[13:52] {dptl} 28?
01[13:52] {Threei}  fat finger guy
01[13:52] {Threei}  why not?
[13:53] {dptl} would be nice :)
01[13:53] {Threei}  he did it once
[13:56] {thomcbell} lol
[13:58] {Will49} come on...baby needs a new pair of shoes
01[13:58] {Threei}  and a bottle of vodka
[13:58] {Will49} :)
01[13:59] {Threei}  to wash down that steak
01[13:59] {Threei}  which baby needs those shoes for, to walk to the store
[13:59] {Will49} oh yeah
01[14:00] {Threei}  gosh, that's one expensive baby, lol
[14:00] {Will49} i accepted the risk:)
[14:02] {dino} sheesh, bernstein raises cost to 98 from 95. it trades at 98. real value added stuff here
01[14:03] {Threei}  lol
01[14:05] {Threei}  FFG is back
[14:06] {thomcbell} what is ffg?
01[14:06] {Threei}  fat finger guy :)
[14:06] {Will49} hahaha
01[14:07] {Threei}  (US) House Speaker Boehner (R-OH) intends to go home to Ohio but highlights he will be available should President Obama wish to resume talks
[14:07] {Will49} can't miss their holidays
[14:07] {dino} but you know what will? obummer is not budging, so f him
01[14:08] {Threei}  I'll miss this stuff next week
[14:08] {Will49} right on dino!
01[14:08] {Threei}  it's like daily dose
01[14:09] {Threei}  I agree... it's a lose-lose proposition for republicans, so might just as well stick to your principles
[14:10] {dino} you will never get spending cuts later
01[14:10] {Threei}  nope
[14:10] {dino} they have no intention of cutting entitlements and other spending
01[14:10] {Threei}  nope
[14:10] {Will49} FFG has got a stutter
01[14:11] {Threei}  1:1
[14:11] {dptl} out half ty
01[14:11] {Threei}  yw
01[14:11] {Threei}  here he is, will
01[14:11] {Threei}  1:2
[14:12] {dptl} out some more
01[14:12] {Threei}  OFFFG
01[14:12] {Threei}  old faithful fat finger guy
[14:12] {Will49} lol
[14:12] {dptl} lol
01[14:13] {Threei}  and here is my 28
01[14:13] {Threei}  out
[14:13] {dptl} out....
01[14:13] {Threei}  AWOFFFG
01[14:13] {Threei}  always welcome old faithful fat finger guy
[14:13] {Will49} yasssereee!
[14:13] {Will49} Bob
[14:13] {robbers} nice call on fb, love those fat fingers.
[14:14] {dptl} ty Vad
01[14:14] {Threei}  welcome guys
[14:17] {robbers} We support finger obesity.
01[14:18] {Threei}  lol
[14:19] {thomcbell} good stuff Vad
01[14:20] {Threei}  :)
01[14:21] {Threei}  http://goo.gl/tsa03
[14:24] {Will49} classic
[14:29] {dptl} rig long?
[14:29] {dptl} .56?
01[14:30] {Threei}  hmmm
01[14:30] {Threei}  not sure
01[14:30] {Threei}  worth a try I guess, stop is vrey small
[14:30] {dptl} undre.50
[14:33] {dptl} in .57
01[14:37] {Threei}  works
[14:37] {dptl} out some
[14:40] {thomcbell} short setup fcx 32.42 break if holding 32.50
01[14:41] {Threei}  out more?
[14:42] {dptl} no didnot have mach so offering last at .83
[14:42] {dptl} with stop under .70
[14:42] {dptl} trailinng
[14:47] {thomcbell} lvs very impressive
[14:55] {dptl} ok out
[14:55] {dptl} ty
01[14:55] {Threei}  nice
[14:56] {Will49} all right dp!
[14:56] {dptl} thanx just got half dont want to risk much after decent day
[15:01] {dino} avd sm l .99 stop lod
[15:03] {thomcbell} looks like the moment of truth on that daily chart
01[15:11] {Threei} Short Setup: GLD  .10 break
01[15:11] {Threei}  If holds  .20
[15:16] {dptl} what days market closed on coming hollydays ? 24 25 and 26?
[15:17] {nemo} 25th
[15:17] {nemo} 1st
[15:17] {dptl} full day on 24?
[15:17] {nemo} then again it all ends the 21st
[15:17] {nemo} likely half on 24th
[15:17] {dptl} ty
[15:18] {dptl} oh ye its the end of the world on 21
01[15:20] {Threei}  I hope so
01[15:20] {Threei}  I adjusted my spending habits to that date, per nemo advice
[15:21] {dptl} if thats the case Hawaii is the plese to be for the show with all volcanos :)
[15:21] {dptl} place
[15:21] {Will49} hope you have a tight stop in case we're still here on 22nd Vad
[15:22] {dptl} lol
01[15:22] {Threei}  that';s the plan dp
01[15:22] {Threei}  no will... no plan B, I am all in
01[15:22] {Threei}  there is no try, you know... do or do not :)
[15:24] {dptl} cog
[15:24] {thomcbell} im going to wash this fcx entry
[15:25] {thomcbell} at 432.44 for a small loss
[15:25] {dptl} oops to late
01[15:25] {Threei}  Invalidated  GLD
[15:25] {nemo} mmmhhhh...loooking like more down tomorrow with probable short covering in the afternoon
[15:27] {Will49} why do you sy that nemo?
[15:27] {Will49} say
[15:31] {nemo} ok short covering now
[15:32] {thomcbell} bizzare little range here on 1 min on aig
[15:33] {thomcbell} looks like 34.20 break long
[15:33] {dptl} look at that cog...missed by few seconds
[15:34] {dptl} nice caputulation set up
01[15:35] {Threei}  not sure what that was about
01[15:36] {Threei}  (US) Speaker Boehner to meet with President later today
[15:36] {dino} boehner is going to bend him over
[15:36] {Will49} BOHICA
[15:36] {dino} lol
01[15:37] {Threei}  I don't see any leverage he has
[15:37] {dptl} yep that thing again
[15:37] {Will49} we didn't use the term while you were away dp
[15:37] {Will49} out of respect
[15:38] {dptl} :)
01[15:38] {Threei}  we said instead: that word of 6 capital letter that we don't use while dp is away
[15:38] {Will49} :)
01[15:38] {Threei}  made for a long typing... but respect is not cheap
01[15:39] {Threei}  I cheated and made a script for it
[15:39] {Will49} is this wildness all short covering?
[15:39] {Will49} gld and fcx anyway
01[15:39] {Threei}  IMO, hope that since they agreed to meet, something is in works
[15:40] {Will49} could be
[15:40] {dino} eggnog party
[15:40] {dptl} 21st
[15:40] {Will49} haha
[15:40] {dptl} they know something
[15:40] {thomcbell} aig 1:1
[15:42] {Will49} Fb seems to be the biggee that is defying the ramp
01[15:42] {Threei}  I noticed that too
01[15:43] {Threei}  it's still green for the day,
[15:43] {thomcbell} stop on aig balance to 34.25
01[15:43] {Threei}  but "internals" so to speak start looking suspiciously
[15:43] {dino} shs drop
01[15:44] {Threei}  if they again come out of the meeting with nothing to show, we might get a looot of selling tomorrow
[15:44] {dino} out cost +.24
[15:45] {thomcbell} out aig
[15:47] {dptl} good night all see ya tomorrow
[15:48] {Will49} TTFN dp
01[15:51] {Threei}  OK guys, thank you all
01[15:51] {Threei}  have a good evening, see you tomorrow
[15:51] {Will49} see ya tomorrow