March 27 2013

Much better day as we adjusted to changing conditions. Once again. Never-changing process. Tomorrow  keep an eye on BBRY - this thing might be setting up for a short squeeze, with earnings day and 30% of its float shorted.


Session Time: Wed Mar 27 00:00:00 2013
[09:06] {dptl}  gm
01[09:06] {Threei}  dp :)
[09:06] {Les} morning
01[09:06] {Threei}  les :)
[09:07] {thomcbell} gm all
[09:07] {Les} reviewing yesterday's trading vad
[09:07] {Les} was reasonably happy with performance
[09:07] {Les} one issue I noted
01[09:07] {Threei}  tbell :)
[09:07] {Les} would be take scalps and scrap partialling
[09:07] {Les} 3 partials stopped out for half was too many
[09:08] {Les} you spoke with tbell or dj about protecting profits. What was the story?
01[09:08] {Threei}  yup, nornal for narrow low volume day
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
01[09:09] {Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[09:09] {cipher} gm
01[09:09] {Threei}  cipher :)
[09:10] {Les} so u try to hold 75% of what was made while the going was good, is that it?
01[09:10] {Threei}  you want me to read it? :)
01[09:11] {Threei}  I linked it so YOU read it, not me :)
[09:11] {Les} stop on my account... rule of thumb is 75%
[09:11] {Les} clarify that please
01[09:11] {Threei}  it'as a trailing stop
[09:11] {Les} maintaining 75% of previous profit made?
01[09:11] {Threei}  no
[09:11] {nemo} what link?
01[09:11] {Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[09:12] {nemo} liquor store, women,  errr....cars
[09:12] {Les} lol Nemo
01[09:12] {Threei}  it's not necessary kicking in right away after the first trade
[09:12] {Les} yeh, but gotta hold the day's takings until end of session
01[09:13] {Threei}  and when it does, it changes with each next trade
[09:13] {jdetente} good morning all
01[09:13] {Threei}  just as trailing stop does
01[09:13] {Threei}  jd :)
[09:14] {Les} ok will have to put that into practise
[09:14] {Les} ty
[09:14] {Les} should have done that before the C trade and would have walked away
[09:15] {Les} at least Aikido serves well on such days as yesterday
[09:19] {dino} db blood
[09:19] {dino} .
[09:20] {Will49} gm
01[09:21] {Threei}  will :)
[09:21] {dino} cyprus finance minister- we will look for best way to limit large sums of money leaving
01[09:21] {Threei}  of course
[09:21] {nemo} they hired Dyncorp to help with bank security
01[09:21] {Threei}  late night yesterday they said "haircut" might be up to 80%
01[09:21] {Threei}  I'd rather call it decapitation
[09:21] {Les} money already fled prior to signing agreement. someone was in the know and given preferential treatment
[09:21] {nemo} Dyncorp is the largest private "military"
[09:21] {nemo} in the world
[09:22] {Les} US mercenaries on EU soil hey...
[09:22] {nemo} US company, mercs from all over
[09:22] {nemo} coming to a European country near you
[09:22] {nemo} Why do you think Homeland Security just bought 2700 armoured vehicles
01[09:24] {Threei}  hah!
01[09:24] {Threei}  (EU) Portugal Sec of State Guedes: There is absolutely no risk that the Cyprus solution could be applied to other eurozone nations
[09:24] {backman} gm
01[09:25] {Threei}  bman :)
01[09:26] {Threei}  BBRY shorts at all time high, reach 30% of float
[09:27] {Les} sounds like FB from a few months ago
01[09:27] {Threei}  and earnings tomorrow
01[09:27] {Threei}  that's what I am thinking
01[09:27] {Threei}  short squeeze material, even if earnings are so so
[09:28] {Les} Greece index dropping hard
[09:28] {Les} the nightmare returns to EU street
01[09:29] {Threei}  JPM looks to be a short candidate
[09:29] {ese} gm
01[09:29] {Threei}  hopefully will consolidate between .10 and .20 for couple min
01[09:29] {Threei}  ese :)
01[09:31] {Threei}  no such luck
[09:31] {nemo} spy fas at yesterday's  pivot
[09:32] {dino} clf spanked again
01[09:32] {Threei} Short Setup: C  .50 break
[09:32] {ese} fte
01[09:32] {Threei}  too fast
01[09:33] {Threei} Short Setup: JPM  .10 break
01[09:33] {Threei}  If holds  .20
01[09:34] {Threei}  daily looks horrific
01[09:34] {Threei}  1:1
01[09:34] {Threei}  1:2
[09:34] {Les} beautiful
01[09:34] {Threei}  ah thank you
01[09:34] {Threei}  oh, you mean JPM
[09:34] {Les} JPM needs someone who understands it
[09:34] {Les} will listen to its needs
01[09:35] {Threei}  C 1:1, too bad this one got away
[09:35] {ese} spyders tankin
01[09:35] {Threei}  yeat, Italy adds fuel to fire
[09:35] {Will49} tks Vad out JPM
[09:35] {nemo} olive oil actually
01[09:35] {Threei}  yw
[09:35] {ese} missed that .....whats happening there
01[09:36] {Threei}  still can't form a govt, and possible new election
[09:36] {nemo} musicians
[09:36] {ese} too funny
[09:36] {ese} wha da ya mean musicians?  sheesh
[09:37] {nemo} defending 155 SPY
[09:37] {dino} gs green
[09:38] {nemo} wow, yeah, they're barely down...this market not going down without them
01[09:40] {Threei} Long Setup:  BBRY  .50 break
01[09:40] {Threei}  If holds  .45
01[09:41] {Threei}  Invalidated
[09:41] {Les} can't short it either
[09:44] {ese} L mdlz .14
[09:44] {Les} GS pushing 3 min bb's looks like a squeeze
01[09:44] {Threei} Short Setup: FB  .95 break
01[09:44] {Threei}  If holds  25
[09:47] {Les} BBRY basing consolidating
[09:47] {nemo} looks like wants to test resistance
[09:47] {ese} Lsrpt .19
[09:48] {nemo} figures, musician buying drugs
[09:48] {Les} l bbry .46
[09:48] {Will49} quick this morning nemo
[09:48] {nemo} amazingly...I've been up all night
[09:48] {Will49} dad ok?
[09:49] {dino} lnn sm l .75 wide/gappy
[09:49] {Les} yeh
[09:49] {Les} how is he?
[09:49] {nemo} that's why I was up all night
[09:49] {nemo} not good..have to administer drops hourly
[09:49] {nemo} infection
[09:49] {nemo} they shot vancomycin and a cephalosporin directly into his eye yesterday
[09:50] {Will49} hope one of my kids will step up if needed
[09:50] {nemo} I keep the Sig on the desk
[09:50] {Will49} you're a Saint
[09:50] {nemo} beginning to think that's an option
[09:50] {nemo} me a Saint...oh boy, you'll make alot of my former colleagues laugh at that one
[09:51] {Will49} you're a good role player
[09:51] {nemo} that's an interesting way to put it
[09:51] {Les} half out bbry .53
[09:52] {Les} stop to .50
01[09:52] {Threei} Short Setup: WDC  37 break
[09:52] {cc_8} Among the companies with shares expected to actively trade in Wednesday’s session are Cliffs Natural Resources Inc. (CLF), Francesca’s Holdings Corp. (FRAN) and Access Midstream Partners LP (ACMP).
01[09:52] {Threei}  sorry, WFC
[09:52] {cc_8} MARKET SNAP: At 5:55 a.m. ET, S&P 500 futures down 0.2%. Treasury yields little changed. Nymex down at $95.90; gold down 0.1% at $1,596.18. In Europe, FTSE 100 down 0.1%, DAX down 0.7% and CAC 40 down 0.9%. In Asia, Nikkei 225 up 0.2% and Hang Seng up 0.7%.
01[09:52] {Threei} Short Setup: WFC  37 break
01[09:52] {Threei}  If holds  .10
[09:54] {Les} bbry stop +.01 2nd half
01[09:55] {Threei} Long Setup:  CAT  .20 break hl
01[09:56] {Threei}  fast 1:1... too fast I guess
[09:56] {thomcbell} lvs pop
01[09:56] {Threei}  if anyone got it, you know what to do
[09:58] {thomcbell} short setup splk 39.40 break if holding 39.50
[09:59] {thomcbell} half lot
01[10:00] {Threei}  *(US) FEB PENDING HOME SALES M/M: -0.4% V -0.3%E; Y/Y: 8.7% V 8.7%E
[10:02] {ese} daaaaaaa sugar ray blu......tried to get a fill on fis at 39.....went by me
[10:02] {ese} fingers not moving fast enough
[10:02] {Will49} nice French there ese
[10:02] {thomcbell} bbry getting its footing
01[10:02] {Threei}  lol
[10:02] {Les} bbry trying to squeeze here but 15 min bb's are too tight
[10:03] {ese} tks.........i know italian better............va vancula............
[10:03] {Les} even I recognise that vulgarity ese
[10:04] {Will49} translation?
[10:04] {ese} L bbby .65
[10:04] {Les} go f yerself
[10:04] {ese} F O
[10:04] {Will49} thought so
[10:05] {Will49} goes with the Italian salute
[10:06] {thomcbell} splk cancelling it - looks more like a a long
[10:06] {Will49} va vancula to WFC
[10:06] {nemo} tempurpedic up again  ;-)
01[10:06] {Threei}  lol... invalidated for now
[10:06] {ese} yup
[10:07] {thomcbell} wow vad fb was initially a long idea right?
[10:07] {thomcbell} lord god
[10:07] {backman} fb..would love to short at break of 25.60..na
01[10:08] {Threei}  every time I try to call long FB, ese swears at me in 5 languages
[10:08] {Les} another squeezer
[10:08] {Les} the games we play
[10:08] {backman} shorted AKAM at 35....
[10:09] {Les} vwap .90
[10:09] {Les} AKAM
[10:10] {nemo} rax looks good for a short
[10:10] {ese} am watching that les.....already have a position there
[10:10] {Will49} good call Bman
[10:11] {Les} still long ese?
[10:11] {ese} y
[10:11] {Les} few days ago wasn't it?
[10:11] {ese} y
[10:12] {ese} avg .74 now
[10:12] {Les} JPM revisiting lws but could be long here
[10:12] {Les} lows
01[10:12] {Threei}  (CY) Reportedly Cyprus capital controls plan will be in force for 7 days
01[10:12] {Threei}  yes, and banks were supposed to be closed for 1 day
[10:13] {Les} FIIIIIIIREEEEEE IN THE THEATRE
[10:13] {Les} EU needs to hire bankster PR people to do their job
01[10:14] {Threei}  - Controls will include restrictions on checking accounts and overseas payments. Will not allow ending time deposits.
[10:14] {ese} don't know if you can explain that vad but it is a weird psych....ummmmmmm aversion lets call it to that stock FB.........I can't help but think he's one of the stupidest ceo's out there...........like the idiot AONE guy
[10:15] {nemo} he's a billionaire...can't be THAT stupid
[10:15] {ese} that gets in the way of me buying or selling that stock
01[10:15] {Threei}  you have explained it already: "it is a weird psych"
[10:15] {ese} i guess
01[10:16] {Threei}  there is a chart, there are setups...
01[10:16] {Threei}  how many profitable plays we did on FB, both short and long
[10:16] {ese} billionaire or not.....just rubs me the wrong way
01[10:16] {Threei}  on a personal note, I can't stand him
[10:16] {Les} vad FB dt'd in your book at .60?
01[10:17] {Threei}  stupid is not the word I'd use, I'd rather say sleazy
[10:17] {Les} psychopathic
01[10:17] {Threei}  yes Les
[10:17] {Les} k missed it
01[10:17] {Threei}  clean dt, backman was right
[10:17] {dino} lulu sm l .15
06[10:18] * Les slaps backman for getting it right without Les
[10:18] {Les} being on board
01[10:18] {Threei}  but personal perception aside, just remember that time when FB had enormous lockup expiration, and everyone was screaming short it
[10:18] {ese} ya thats pretty much it vad.............the way he tried to squeeze extra billions out of that ipo....screwing the people who had back him to that point
[10:18] {Les} bbry very tight here
01[10:18] {Threei}  how could you not go long and profit from mass emotions?
[10:19] {Les} was that not the game put out by wall st?
[10:19] {ese} TPX perfect cup and handle...watched it didn't do anything though
01[10:19] {Threei}  not exactly Les
[10:20] {backman} out AKAM +.22
01[10:20] {Threei}  he theatened to withdraw sibscription from brokera houses that wouldn't go along with his plan
[10:20] {Will49} good one Bman
[10:20] {Les} gj
01[10:20] {Threei}  wtg
[10:20] {ese} hmmmm  didn't know that
[10:20] {backman} thnk u
[10:20] {ese} doof
01[10:20] {Threei}  they wanted to price it lower
01[10:21] {Threei}  he pressed for higher price and more shares
[10:21] {ese} not you B ...the FB doof
[10:21] {Les} so wall st wasn't being stupidly greedy then
[10:21] {Les} the guy knows how to play hey...
[10:21] {nemo} he got it right...allowed them all to get out up around 40
01[10:22] {Threei}  IMO, short term smart, long term stupid
01[10:22] {Threei}  want long term smart? look at Amazon
[10:22] {nemo} he got a couple of billion in cash...wh cares
[10:22] {Les} yeh it's the give me now culture
[10:22] {Les} and he got now
[10:22] {ese} out srpt .40 +.21
[10:22] {nemo} If I could get a couple of billion out on the first day, the company could die tomorrow for all I care
01[10:23] {Threei}  well, that's exactly why I can't stand him... thug in hoodie grabbing his while it's there
[10:23] {nemo} shut up Les
[10:23] {nemo} you frickin' commie
[10:23] {Les} sorry nemo
[10:23] {ese} out bbby .92 =.27
06[10:23] * Les blows nemo a huge raspberry
[10:23] {ese} +.27
[10:23] {Will49} wtg ese
[10:23] {ese} mdlz still non performing loan
[10:24] {ese} tks will
01[10:24] {Threei} Short Setup: BBY  .30 break
01[10:24] {Threei}  If holds  .40
[10:24] {Les} FB .50 short?
[10:24] {thomcbell} retarded where this thing is
[10:24] {ese} my position in mdlz is sure to bring down the world economy
[10:24] {thomcbell} not that im thinking
01[10:25] {Threei}  let's let it trade within the range for a few min Les
[10:25] {Les} k
01[10:25] {Threei}  ok... no
[10:25] {ese} damn mrkt is reneging on paying the loan........sheesh....what a place to do business
[10:25] {Les} yeh
[10:29] {Les} FB breaking bb bubbles in higher time frames. looking for another DT
01[10:30] {Threei}  BBY is valid
[10:31] {thomcbell} especially with the breaking of yest low
[10:31] {thomcbell} reminding me a bit of bbry from the other day
[10:33] {nemo} watch 51 area for HFC short
[10:35] {ese} hmmmm  textbook double bottom nsm.......too bad i missed that too
01[10:36] {Threei} Short Setup: FB  .80 break
[10:36] {dino} ebay sm l .10
01[10:36] {Threei}  If holds  .85
[10:36] {ese} am not using my mystical powers to sus these out.................lets try again .....ummmmmmmmmmmmmmmmmmmmmm......ahhhhhummmmmmmmmmmmmm
[10:37] {ese} nope not workin.........................
[10:39] {ese} ese wildly looks through the pages of vads reality trader textbook to find the answer...........ah....here it is.......sit with legs crossed behind your head............ummmmmmmmmmmmmmmmmmmmmmm.......ahhhhhhhhummmmmmmmmmmmmmmmmm
[10:39] {ese} waiting for divine intervention
01[10:39] {Threei}  and slap your knees with your ears
[10:39] {ese} lol
01[10:39] {Threei}  die BBY
01[10:39] {Threei}  you too FB
[10:40] {backman} out WFC -.10
01[10:41] {Threei}  hmm? WFC whole range is less than 10 cents, how did you manage that? :)
[10:41] {ese} although.......there is some divine intervention happening with akam
[10:42] {backman} shorted prematurely on break of 37
01[10:42] {Threei}  BBY is not a scalp if works
01[10:42] {Threei}  see how weak it is while SPY makes new highs
01[10:44] {Threei}  oh come on... 1 cent to 1:1?
01[10:44] {Threei}  finally
01[10:44] {Threei}  1:1
[10:44] {nemo} nke looks short
01[10:45] {Threei}  1:2
01[10:46] {Threei}  FB no go
01[10:47] {Threei}  out last piece BBY on a trail
[10:48] {backman} this FB runup on lower volume is highly suspect, although price doesnt lie
[10:48] {ese} nice one chief........keep up the good work eh
[10:50] {Les} short fb again last go
[10:52] {nemo} nke short here
01[10:57] {Threei} Short Setup: CAT  .40 break
[10:57] {backman} EBAY long 51.22
01[10:57] {Threei}  If holds  .50
[11:02] {Les} two way?
01[11:02] {Threei}  by oure chart configuration, yes... but something doesn't look right for long
01[11:02] {Threei}  volume
01[11:03] {Threei}  dries up on each upward move
[11:03] {Les} k
[11:03] {Les} FB stopped
[11:07] {Les} CAT still good?
01[11:08] {Threei}  yup
[11:10] {thomcbell} short setup wdc 49.74 break if holding 49.85
[11:12] {thomcbell} wdc invalid
[11:12] {nemo} still BTFD!!! market
01[11:13] {Threei}  why not
01[11:13] {Threei}  it will continue right up to the bitter end
01[11:14] {Threei}  and the final blowoff will be as usually, totally unexpected
[11:20] {dino} lnn sm l .00
01[11:21] {Threei}  .35 is CAT's last line of defense down to about .20
[11:21] {Les} vwap and pivot just below .30
01[11:22] {Threei}  1 cent to 1:1
01[11:22] {Threei}  wtd
[11:24] {thomcbell} darnit wdc
01[11:24] {Threei} Short Setup: BBRY  .40 break
[11:24] {dino} jpm sm l .75
[11:24] {thomcbell} never triggered though thankfully
[11:28] {dptl} stop .46 bbry?
01[11:29] {Threei}  or .51
01[11:29] {Threei}  both are valid, with different degree of shakeout odds
[11:29] {dptl} ok
01[11:29] {Threei}  action slowed down to about a pace of one-legged heavily sedated snail moving in molasses
[11:30] {dptl} what is your stop .51? you gonna use
[11:30] {nemo} snails don't have legs vad?
[11:31] {nemo} maybe 1 legged centipede?
01[11:31] {Threei}  .51 for now, will trail after new low
01[11:31] {Threei}  you sure about that nemo? I am not good at botany, but still...
01[11:35] {Threei}  trailing to .46 now
[11:35] {dptl} k
01[11:35] {Threei}  crap
01[11:35] {Threei}  Snails belongs to class Gastropoda of phylum Mollusca. the name means it walks with the belly or the
01[11:35] {Threei}  belly functions as legs. so they don't have legs.
01[11:36] {Threei}  how I hate it when nemo is right
[11:36] {Les} and here i thought it was just me who slid around on my gut
01[11:36] {Threei}  and my proficiency in botany hits new low
[11:37] {backman} out BBRY .20 from earlier entry
01[11:37] {Threei}  wtg
[11:37] {backman} ty
[11:38] {dino} gj
01[11:38] {Threei}  half out BBRY
01[11:41] {Threei}  bman, I must say... the progress over the course of measly two weeks is quite amazing
[11:41] {dino} indeed
[11:42] {backman} you've coached me well, enlightened one...++ i lost so much $$$ trading wo stops years ago....this is so much easier....and Profitable...expect to go live next week
[11:42] {dino} great job bman, gl
[11:43] {Will49} we expect great things from you Bman
01[11:43] {Threei}  as we go through mentoring process, I have inside look, easier to gauge the progress... questions asked two weeks ago and trades made now look like two different men
01[11:44] {Threei}  and... enlightened one?? lol
01[11:44] {Threei}  I can see nemo fainting
[11:44] {backman} ty all....feeling aggressive on EBAY...will trail to BE
01[11:44] {Threei}  hitting the floor
01[11:44] {Threei}  splitting his upper lip of the edge of the desk
01[11:45] {Threei}  weakly reaching the bottle by lucky coincidence laying right where he fell
01[11:45] {Threei}  inhaling half of the content
[11:45] {dino} coincidence?
01[11:45] {Threei}  air quotes :)
[11:46] {dino} ahh
[11:46] {backman} BBRY cover was right off 2:1 return model....will be nice to turn this $$ some day soon
01[11:47] {Threei}  by the way, about trading without stops... I know I linked it about 200 times but it never gets old
01[11:47] {Threei}  http://blog.realitytrader.com/2007/05/stops-why-dont-we-keep-them.html
01[11:47] {Threei}  if it was more than 2 months since you read it, read it again
01[11:47] {Threei}  CAT 1:1
01[11:48] {Threei}  this time I was smarter and took .31
[11:49] {dino} out lnn .71, +1.71
01[11:49] {Threei}  wow
01[11:49] {Threei}  wtg
[11:49] {Will49} wowser
[11:50] {backman} my hero :=)
[11:50] {dino} lucky
[11:52] {backman} EBAY setting up volatility window
[11:52] {dino} where you in at?
[11:52] {dino} i'm at .15 from hour ago
[11:52] {dino} opps .10
01[11:52] {Threei}  (ES) Eurostat: spain 2012 budget accounting methods were flawed, did not change budget accounting rules- Other countries budget accounts are probably not affected
01[11:53] {Threei}  heh
[11:53] {dino} roflol, like you didn't see fake budgets coming
[11:53] {Les} never a dull moment in EUland
01[11:53] {Threei}  now, what does this remind you:
01[11:53] {Threei}  (US) Fed's Rosengren (moderate, voter): Asset purchases have boosted US labor markets, there is little evidence that Fed policies are causing financial stability problems
[11:54] {thomcbell} i read it again Vad - good stuff
01[11:54] {Threei}  to mwe, it's that guy who jumped from 100th floor
[11:54] {thomcbell} aapl day low
01[11:54] {Threei}  passing 50th, says "so far so good"
[11:55] {ese} lol
01[11:55] {Threei}  the rest of his speech is not much better
[11:55] {backman} out ebay -.04
01[11:55] {Threei}  - US housing prices remain well below their peak - DUH!
[11:55] {ese} out mdlz .24 +.10
[11:56] {ese} had enough of that one
01[11:56] {Threei}  home price/rent index is at 1993 levels presently. - PRESENTLY?
[11:56] {Les} hmmm forgotten my grammar rules here
01[11:56] {Threei}  - S&P500 is higher, but so are corporate earnings. Stock price gains appear in line with fundamentals. - you gotta be f*&^g kidding me?
01[11:57] {Threei}  next one can cause apoplexy:
01[11:57] {Threei}  - Bond yields are quite low, but they have declined in line with other market rates.
01[11:57] {Threei}  eeeck
01[11:57] {Threei}  - Low inflation gives the Fed the flexibility it needs to encourage faster growth and rapid declien in unemployment.
01[11:58] {Threei}  you folks claim low inflation for 5 years now
01[11:58] {Threei}  where is rapid decline in unemployment?
01[11:58] {Threei}  - Benefits of Fed asset purchases still outweigh costs.
01[11:58] {Threei}  again, passing 50th floor...
01[11:59] {Threei}  - Fed can vary monthly asset purchases by changing monthly amounts bought, should continue buys through 2013
01[12:00] {Threei}  OK, so come end of 2013 and you stop buying... market drops like a stone,... what's next?
01[12:01] {Threei}  this thing is so rudderless...
01[12:04] {Threei}  - Cyprus is preparing capital controls to buttress the reopening of banks tomorrow, while in Italy the Beppe Grillo's Five Star movement is doing its best to torpedo the formation of a government in Rome.
01[12:04] {Threei}  that thing is too, lol
[12:05] {ese} I love the italians.............just do it...........
01[12:05] {Threei}  - In Italy, the Five Star movement promised to vote against any Bersani government in a confidence vote, and even ruled out the possibility of the party's MPs walking out on a confidence vote to allow the formation of a government. There has been another round of Italy sovereign downgrade rumors
01[12:06] {Threei}  Note that in a sign of trouble, the bid-to-cover in the Italian five-year bond auction this morning was the lowest in over a decade. The euro is tanking, with EUR/USD at fresh four-month lows around 1.2770, well below the 200-day moving average.
[12:11] {Les} vad any sort of identifiable shorting pattern on RIG at the top or here?
01[12:11] {Threei} Short Setup: LVS  .95 break
01[12:11] {Threei}  If holds  56
01[12:12] {Threei}  .80 break was more or less decent setup Les
[12:12] {Les} missed
01[12:23] {Threei}  meh
[12:29] {dino} lnn sm l .36
[12:30] {Les} oh RIG reversal, finally caught something
[12:30] {Les} pulling teeth
[12:42] {Les} sm. jpm long .62
[12:44] {dino} out ebay .40, +.30
01[12:44] {Threei}  frikin LVS
[12:49] {Les} FB did the same to me. .10 stop too large
[12:49] {jdetente} I was just reading your blog on stops Vad...so I'm having a zen moment looking at that rinse
[12:50] {jdetente} :)
01[12:50] {Threei}  :)
01[12:52] {Threei}  random reinforcement
[12:54] {jdetente} yes!
[12:55] {thomcbell} some days there is just not much juice
[13:00] {thomcbell} kors looks like something long here
[13:01] {Les} JPM covered flat. pushing for what isn't there
[13:03] {Les} LVS back to .99
01[13:07] {Threei}  hmmm... WFC
01[13:07] {Threei}  tempting short
01[13:07] {Threei}  daily is so shot down
01[13:07] {Threei}  well, with .96 stop
01[13:08] {Threei} Short Setup: WFC  .90 break
[13:12] {backman} f'en ebay
[13:12] {Les} we have a wiunner
[13:12] {Les} nice call
01[13:12] {Threei}  half out WFC
01[13:12] {Threei}  .81
01[13:12] {Threei}  {--- learned my lesson from two stocks that bounced from 1 cent off 1:1
[13:16] {dino} markets have stopped moving
[13:16] {Les} FB creating some volatility again
01[13:16] {Threei}  I had a girlfriend like that once dino
[13:16] {Will49} hey! that's my line:)
01[13:17] {Threei}  was, before I stole it :)
[13:17] {Les} FB .90 if holding .95?
[13:17] {Will49} hahaha
[13:17] {Will49} long as you don't steal my girlfriend
01[13:17] {Threei}  I doubt it les... feels against the grain
[13:17] {Les} k
[13:18] {jdetente} prudent cover on WFC
[13:18] {dino} lol
01[13:18] {Threei}  I am a quick study, jd :)
[13:18] {jdetente} glad I followed :)
01[13:19] {Threei}  I mean, after you step on the rake twice and its handle hits you on the forehead...
[13:19] {Les} you lose brain function
[13:19] {jdetente} http://www.dudemeetsdad.com/wp-content/uploads/2011/07/Bob_rake.jpg
[13:19] {Will49} that' not where it usually hits me
01[13:19] {Threei}  lol
[13:20] {Les} hehe
[13:20] {backman} apol
01[13:21] {Threei}  one has to wonder why ese disconnected upon reading this rake exchange
[13:21] {Will49} if he's late for school, he'll get raked over the coals
01[13:22] {Threei}  my assumption would be, he has very vivid imagination, and Will's line sent him twisting in pain
[13:22] {Will49} :)
01[13:23] {Threei}  musicians are like that...
01[13:26] {Threei}  see FB?
[13:26] {thomcbell} still somewhat interested in a bbry long at some point
[13:27] {thomcbell} for the reasons Vad stated this am
01[13:27] {Threei}  I think c,loser to and after the earnings announcement
01[13:27] {Threei}  for now luring in the overconfident shorts continues
01[13:27] {Threei}  when all the suckers are suckered in, trap closes
[13:32] {Les} yeh saw FB
[13:34] {Les} lol 1:1 jpm without me
[13:35] {Les} sm short FB .98
[13:35] {dino} lulu to .45
01[13:36] {Threei}  look dcc les
[13:40] {dino} stop lulu .45, +.30
[13:46] {thomcbell} that looked pretty good the 14.51 break long on bbry Vad - i didnt publish but i did take the entry
[13:47] {thomcbell} publish is kind of funny
01[13:47] {Threei}  good setup, yes
01[13:47] {Threei}  but I am not really worried about missing little longs on it right now, it's still a guessing game
01[13:48] {Threei}  if and when that big trap works, we will have a lot of time and entry opportunities
01[13:48] {Threei}  such squeexe will go much longer than squeezed can imagine
01[13:49] {Threei}  just as it happened on that smackdown a few days ago, where we couldn't get setup near the top,
01[13:49] {Threei}  yet caught very nice short later on
[13:49] {dptl} acmp 40 short?
01[13:50] {Threei}  and just as with FB lockup, when poor shorts squirmed for weeks, not understanding what hit them
01[13:50] {Threei}  can't tell, ACMP
[13:56] {Les} FB stopped me getting squeezed
01[13:57] {Threei}  you are asking for it
01[13:57] {Threei}  [13:17] {Threei} I doubt it les... feels against the grain
[13:57] {dino} kyth? thin
[13:58] {backman} APOL 1:1...
01[13:58] {Threei}  (CY) Cyprus Foreign Minister: Government seriously considered exiting the eurozone during bailout negotiations- Feels the EU failed to show solidarity during the negotiations on the bailout.
01[13:58] {Threei}  you think?
[13:59] {dino} eu crushed them on greek debt and crushes them again. why they stay is beyond me
01[14:00] {Threei}  at some point meaningless of this will finally dawn on one of them
01[14:00] {Threei}  it's hard to be first to leave
01[14:00] {Threei}  but someone will
01[14:01] {Threei}  and whole house of cards will fall apart
01[14:01] {Threei}  and then it will be "last to leave, don't forget to turn the lights off"
[14:01] {thomcbell} another bad french employment number today
[14:02] {thomcbell} when that one starts to unravel things will get pretty atrocious
01[14:02] {Threei}  who would have thought electing socialists could hurt economy
01[14:02] {Threei}  and amazingly quickly, tbell
01[14:03] {Threei}  who remembers the mind-boggling speed with which USSR fell apart, knows just how quickly these things can go frpom zero to 100 mph
[14:06] {nemo} I do, started with the fall of the Berlin Wall
01[14:07] {Threei}  Egyptians Are Angered by Ongoing US Support of "Illegitimate Muslim Brotherhood Govt"
01[14:07] {Threei}  good move Obama
01[14:08] {Threei}  way to turn allies into enemies
[14:08] {nemo} alright cya tomorrow P&Q
01[14:09] {Threei}  gl nemo
[14:10] {thomcbell} bbry another entry 14.62 break
[14:19] {dino} out lnn .18, +.82
[14:19] {dptl} inn?
[14:19] {dino} L
[14:19] {thomcbell} bbry got 1:1 on 14.62 entry
[14:20] {dino} LNN dp
[14:20] {dptl} oh ok...nice
[14:21] {dino} thx buddy
[14:22] {dino} got out too soon (again)
[14:25] {thomcbell} bbry 1:2 briefly
[14:25] {backman} gotsa go....be back tomorrow...same bat channel
[14:26] {Les} ciao
[14:26] {dino} cya
01[14:26] {Threei}  take care bman
[14:33] {thomcbell} last quarter stop to 14.67 bbry
[14:39] {Will49} see this? Massive cyberattack threatens internet speed
[14:39] {Will49} http://www.cbc.ca/news/world/story/2013/03/27/spamhaus-attack.html
01[14:41] {Threei}  sigh
[14:45] {jdetente} is that Ravi making a comeback?
[14:46] {dino} lol
[14:47] {dino} sm l lnn .73
01[14:47] {Threei}  hmmm... not since he tried to blackmail me in "then I go someplace else" style :)
[14:48] {jdetente} ah I thought that may have been another username he's trying out
[14:48] {dino} out lnn .24, +51
[14:48] {dino} .51
[14:48] {thomcbell} bbry stop to 14.77
[14:50] {thomcbell} bbry 1:3
[14:50] {thomcbell} 1:4 if you did first setup
[14:51] {Will49} nice trade Tbell
[14:51] {thomcbell} im out now
[14:52] {thomcbell} took it off 14.90
[14:52] {thomcbell} tu
[14:52] {Will49} wish I could take your trades but my contract w/Vad doesn't permit it
[14:52] {Will49} jk
01[15:00] {Threei}  (IT) Italy's Bersani is said to have closed the door on a deal for forming a new government coalition - financial press
[15:01] {Les} RIG lower high
[15:02] {Les} FB lower high
01[15:03] {Threei}  probably time to try
01[15:03] {Threei} Short Setup: FB  .10 break
01[15:03] {Threei}  If holds  .20
[15:04] {thomcbell} kors will be on long watch tomorrow
[15:05] {dino} in the spirit of vads' opening account stop teahings, my stop on jpm is .69. had a very good day and now being stingy.
[15:05] {dino} ty lnn, multi-hits
01[15:06] {Threei}  stinginess helps profit preservation
[15:06] {dino} after yers of fighting that i totally agree
[15:06] {dino} years
[15:10] {dino} should be interesting tomorrow w/cyprus banks supposedly opening
01[15:11] {Threei}  and BBRY should be active player
[15:11] {dino} oh yeah, forgot, earnings
01[15:11] {Threei}  and 30% of float shorted
[15:11] {dino} lnn looks like it wants vwap below
[15:12] {dino} on my screen
01[15:26] {Threei}  come dow FB
01[15:26] {Threei}  down too
01[15:26] {Threei}  hmmm... can you tell between up and down?
[15:29] {dino} out jpm .79, +.04. back in 15 or so
[15:31] {Les} stop -.02 FB had a .01 off that wasn't swept up
01[15:31] {Threei}  second half FB is stopped on a trail
[15:31] {Les} offer
01[15:31] {Threei}  I hope you mean bid, lol
[15:31] {Les} yeh that too :)
[15:32] {Les} the meds are wearing off...
[15:34] {Les} http://www.youtube.com/watch?v=ToQ0n3itoII
[15:37] {Les} RIG being a little more cooperative in shorting
[15:42] {jdetente} ah The Verve...good band
[15:51] {Les} outta here thanks for all the fish
01[15:51] {Threei}  ok guys, thank you all
01[15:51] {Threei}  much better day
[15:52] {Will49} take care
01[15:52] {Threei}  even though volume still sucks
[15:52] {jdetente} thanks Vad. Good day all
01[15:52] {Threei}  have a good evening, see you tomorrow
[15:54] {thomcbell} kors closing well
[15:55] {dino} wow that lnn came back strong
[16:01] {dino} gn all, thx for ideas

March 26 2013

Very low volume and lack of volatility, not our day at all. Kept activity to minimum, ended in red anyway. Oh well.

Our free Sunday Links weekly e-mail is available for everyone now: http://www.realitytrader.com/sundaylinks.html


Session Time: Tue Mar 26 00:00:00 2013
[08:53] {dino} gm
01[08:54] {Threei}  morning dino
[08:54] {dino} gm 3i
[08:56] {dino} markets closed friday i see
01[08:56] {Threei}  yes, good friday
[09:04] {dptl} gm
01[09:04] {Threei}  dp :)
[09:12] {thomcbell} bbry vad - do you see a positive not by Bernstein?
[09:12] {thomcbell} i only see it on  yahoo finance -
01[09:13] {Threei}  not in the news flow
01[09:14] {Threei}  do you have a link?
01[09:14] {Threei}  last I see on Bernstein and BBRY is Feb 4
[09:15] {thomcbell} http://finance.yahoo.com/news/blackberry-gross-margins-guidance-likely-120727282.html
01[09:16] {Threei}  ty
[09:22] {backman} gm
01[09:22] {Threei}  backman :)
01[09:22] {Threei}  - North Korea military units said to have entered 'combat readiness' with missiles that could hit US and South Korean targets, such as US bases in Hawaii and Guam.
01[09:23] {Threei}  sigh
[09:23] {Will49} gm
01[09:23] {Threei}  will :)
[09:24] {Les} guten abend
01[09:25] {Threei}  les :)
[09:25] {jdetente} good morning
01[09:25] {Threei}  jd :)
01[09:25] {Threei}  -(US) Fed Chairman Bernanke: Easy monetary policy is bolstering the US economy and helping other nations as well
01[09:25] {Threei}  oh good
[09:25] {Les} lol
[09:26] {Les} guess that's reason to pour fuel on the flames
[09:26] {ese} gm
01[09:26] {Threei}  everywhere you look, other nations are cheering and thanking US... right?
01[09:26] {Threei}  ese :)
01[09:26] {Threei}  there must be plethora of jokes in this: http://goo.gl/jaAPB
[09:27] {Les} wouldn't it be easier to just walk a little closer to his holiness?
[09:29] {Les} holy crap look at the zoom on it
[09:29] {Les} http://www.nikon.com/about/feelnikon/recollections/r16_e/index.htm
[09:31] {cipher} SPLK L .20
[09:31] {thomcbell} nice cipher
01[09:31] {Threei} Long Setup:  GDX  .60 break
[09:31] {cipher} out.50 +.30
01[09:31] {Threei}  If holds  .50
[09:33] {cipher} FSLR L .35
01[09:33] {Threei}  stop to .54
[09:34] {cipher} out FSR .53 +.18
01[09:35] {Threei}  oh well
[09:37] {Les} outside 3 min bb's so a good flush could bring a nice bounce in GDX s1 support .34
01[09:38] {Threei} Long Setup:  CAT  .15 break hl
01[09:38] {Threei}  If holds  .05
[09:38] {cipher} ENDP L .14
01[09:39] {Threei}  Invalidated
[09:40] {cipher} out .25 +.11
[09:40] {Les} light vol. CAT on FSC BATS ain't moving
[09:42] {cipher} SFLY L .05
01[09:42] {Threei} Long Setup:  FCX  .70 break
01[09:42] {Threei}  If holds  .60
[09:43] {cipher} out SFLY .30 +.25
[09:44] {Les} the CAT ran
01[09:45] {Threei}  yeah
[09:45] {Les} fcx short?
[09:45] {Les} .60?
01[09:47] {Threei}  if can't go over .65
[09:48] {Les} GS VWAP rejection again this morn
01[09:49] {Threei} Short Setup: LVS  .38 break
01[09:50] {Threei}  If holds  .48
01[09:50] {Threei}  weird numbers but so is this opening
01[09:51] {Threei}  Invalidated
[09:51] {Les} IWM losing VWAP
[09:55] {cipher} ZUMZ L.26
[09:55] {Les} short lvs short fcx
[09:57] {cipher} FIVE L .80
[09:59] {dino} 07 fast red
01[10:00] {Threei} Short Setup: BBRY  .35 break
01[10:00] {Threei}  If holds  .45
[10:00] {Les} cover half fcx
[10:01] {Les} can't borrow
[10:02] {jdetente} neither can I
[10:02] {cipher} out FIVE .88 +.08
[10:02] {jdetente} oh wait broker just found some cool
[10:02] {Les} cover q lvs .21
[10:02] {Les} stop .30
[10:05] {Les} FCX vwap resistance holds
[10:05] {cipher} APEI L .63
01[10:07] {Threei}  don't scalp BBRY, IMO
[10:08] {Les} can someone lend me some of their stock?
[10:08] {cipher} out ZUMZ .44 +.18
[10:10] {cipher} URBN L .00
[10:11] {Les} spy wants that high
[10:11] {cipher} PAMT L .24
[10:13] {cipher} out URBN .04 +.04
01[10:14] {Threei}  grrr
[10:15] {cipher} out APEI .70 +.07
01[10:17] {Threei}  either because of short week, or Cyprus uncertainty, or all of that, but there is no patterns at all, just floating listlessly
[10:17] {dino} no setups for me yet, odd
[10:17] {Les} short week?
[10:17] {Les} when r we closed?
01[10:18] {Threei}  Friday is off
[10:18] {Les} k
01[10:19] {Threei} Short Setup: FB  .35 break
[10:19] {nemo} Yeah, Vad's closing the room and taking the month off in April, Les
01[10:19] {Threei}  If holds  .40
[10:20] {nemo} wow, iwm and spy barely moving
[10:23] {Les} damn lvs bounced straight off of vwap
[10:23] {nemo} funny how that works
[10:23] {cipher} out PAMT .59 +.35
[10:24] {nemo} nke below 59
[10:24] {nemo} appointment trading today
01[10:24] {Threei} Short Setup: CAT  87 break hl
01[10:24] {Threei}  If holds  .10
01[10:25] {Threei}  yeah, it's as if market said "I am so tired of endless worries, let me just do nothing for a day or two"
[10:26] {nemo} cypress isn't re-opening banks until Thursday now
01[10:26] {Threei}  yeah
01[10:27] {Threei}  (PT) Portugal Fin Min Gaspar: Main challenge is to handle financial market fragmentation
01[10:27] {Threei}  good luck with that gaspar
01[10:27] {Threei}  everyone is so trustful of each other now, right?
01[10:27] {Threei}  CAT is valid
[10:27] {nemo} of course Komrade, for the Rodina
01[10:30] {Threei}  sigh
[10:30] {nemo} what?
[10:30] {Les} FCX stopped
01[10:30] {Threei}  one of those days when it was not worth waking up or what
[10:30] {ese} L akam .72
[10:31] {jdetente} is frustrated an emotion? lol
[10:31] {ese} no
[10:32] {Les} I'd be bloody frustrated being woken 5 am for nothing
[10:32] {Will49} these days come with the territory, no?
[10:32] {dino} yes
[10:32] {jdetente} of course they do
[10:32] {dino} some of the hardest trades are not making them
[10:33] {jdetente} I guess I will echo our leader about this morning...sigh
[10:33] {nemo} brownnoser
[10:33] {Les} :)
[10:33] {dino} same here jd, no trades for me yet
[10:33] {jdetente} ha
[10:33] {Will49} sigh is a symptom of emotion
[10:33] {jdetente} uh oh this is going to get deep
[10:34] {jdetente} :)
[10:34] {nemo} yeah, knee deep
[10:34] {backman} thats what she said
[10:34] {jdetente} hey-o
[10:34] {dino} lol
[10:34] {Les} LVS back to vwap again. maybe not 3rd time luck
[10:34] {Les} lucky
[10:34] {Will49} where is the Toaist Trader this morning?
[10:34] {nemo} puerile juveniles
[10:35] {jdetente} go back to your bunny
[10:36] {ese} enough of the touchy feely stuff.............just flippin make money
[10:36] {nemo} hey, shove a paiste where the sun don't shine
[10:36] {ese} lol
[10:36] {Les} cover FB flat potty break
[10:37] {Will49} there's more emotion:)
[10:37] {Will49} nemo
[10:37] {backman} APOL?
[10:37] {ese} oh ya! oh ya!.........well I represent that remark
[10:38] {Will49} if we can't make money...might as well have fun eh?
[10:38] {nemo} go change your depends Will
[10:38] {ese} can't disagree with that
[10:38] {Will49} on my third pair already
[10:38] {backman} as in, u can depend on me?
[10:38] {Will49} at $3 a pop
[10:39] {Will49} so not only am i down in the market, my depends inventory is getting low
[10:40] {jdetente} better buy some more at lunch if you can make it
[10:41] {nemo} oh jeez...have to drive into Boston today...that SUCKS!!!
[10:41] {Will49} the delivery truck arrives in an hour
[10:41] {Les} motorcycles inherently dangerous means of transport in US?
01[10:42] {Threei}  frikin BBRY rinsed
[10:44] {ese} grrrrrrrrr.......the fish that got away........vmed....damn  watched it for about 40min then gave up on it.............
01[10:44] {Threei}  ok FB
01[10:44] {Threei}  lose .30 and become a winner finally
[10:44] {Les} FCX dog. rinsed and went straight back to trigger
[10:47] {ese} spyders did this number yesterday.........then proceeded to fall for the rest of the day
01[10:49] {Threei}  wow... did we get 1:1 finally?
[10:49] {Les} woohoo
[10:49] {Will49} yippeeeeee
[10:50] {ese} lol
01[10:50] {Threei}  I am falling in love with FB
[10:50] {ese} ya sure...ya sure....go ahead and brag
01[10:50] {Threei}  be still my heart
[10:50] {Les} well don't
[10:51] {ese} what are you driving to Boston for nemo?
[10:52] {nemo} father's doctor appointment
[10:52] {nemo} I hate driving in there
[10:52] {ese} ahhhh...good luck with that
[10:52] {Les} yer old man living in Boston or with you?
[10:52] {nemo} with me
[10:53] {Les} how go the eyes?
[10:53] {nemo} that's the reason
[10:53] {Les} no go?
[10:53] {Les} so fare
[10:53] {Les} far
[10:53] {nemo} oxy looks short
[10:53] {nemo} one of the surgeries went bad
[10:53] {ese} huh.......really
[10:53] {Les} bitchen
[10:53] {ese} how so
[10:53] {nemo} suddenly couldn't see
[10:54] {Les} short fcx .59 stop above .66
[10:54] {ese} holy S
[10:54] {ese} lcan that be repaired
[10:54] {ese} can
[10:54] {nemo} that's why the appointment
[10:55] {Les} not doctor malpractice I hope
[10:55] {nemo} not thinking about that yet
[10:56] {Les} cool
[10:57] {dino} hope it works out for him nemo
[10:57] {nemo} ty
[10:57] {nemo} between him, bunny's digestive problems, and my nephew's standard condition, life is challenging  ;-)
[10:58] {Les} :)
[10:58] {nemo} watch NKE here
[11:00] {nemo} So...had Captain Morgan's special reserve rum last night...very good
[11:00] {Will49} sounds like you're a giver nemo
[11:00] {nemo} huh?
[11:00] {Will49} a giver in a sea of takers
[11:00] {Les} gives it to others yeh
[11:01] {cipher} SGEN L .85
[11:01] {nemo} eh...I don't know....bunny is cool, my nephew is cool, father is old...is what it is
[11:01] {Will49} good attitude
06[11:01] * Les slaps Will with a big neon "slap me" sign
[11:02] {nemo} Read this:  http://bclund.com/
[11:04] {Les} lol
[11:04] {nemo} I like stuff like that when I'm having a "poor nemo" day
[11:05] {cipher} out SGEN flat
[11:06] {ese} that shouldn't happen to children
[11:06] {Will49} neat blog nemo
[11:07] {nemo} right sentiment, wrong expectation
[11:07] {nemo} yeah, he writes well
[11:07] {ese} yup
[11:07] {nemo} Nature is unkind, it treats the myriad creation like straw dogs
[11:07] {Will49} I have a cemetary at end of my street and walk thru it regularly
[11:07] {Will49} always makes me feel better
[11:08] {Les} yeh I realise who I am thanks to my kids
[11:08] {Les} took me 10 years
[11:08] {nemo} dead is good, half dead-no good
[11:08] {Les} changes my world and perceptions
[11:08] {Les} fcx finally
[11:08] {Will49} egggsacxtlty
[11:08] {nemo} anf here short possibly
[11:08] {Will49} evry day above ground is a good ady
[11:08] {Will49} day
[11:09] {Les} cover half here
[11:09] {Will49} just looked at my p&L...think i;ll take a walk in the cemetary :)
[11:09] {Les} lol
01[11:10] {Threei}  (EU) EU parliament member calls on Parliament to include a bail in for depositors in excess of �100K as part of the new banking resolution law - press**Reminder: Earlier the EU Commission reiterated that Cyprus is a unique case; bail-ins of large depositors are not being excluded in talks about the EU bank resolution system. - Yesterday markets reacted sharply to a purported comment from Eurogroup chief Dijsselbloem that the bank restructuring program in Cyprus could be used as a "template" for the rest of the EMU. Dijsselbloem later denied that he used the word "template" and that Cyprus is a unique circumstance.
[11:10] {nemo} jeez...no movement
01[11:10] {Threei}  wait will
01[11:10] {Threei}  FB is coming to 1:2
[11:10] {Will49} :)
[11:10] {Les} and IWM looks like ready for next step down if 94 holds
[11:11] {dino} ddd sm l .46
[11:12] {nemo} IWM is negotiating an upward and downward channel right along the Weekly Pivot...wow
[11:13] {nemo} spy has held the upper channel line as support right along the Monthly R2
[11:13] {nemo} Finnies dropped back into it's channel,
[11:14] {nemo} I'm stepping away...this is antsy
01[11:15] {Threei}  1:2
01[11:15] {Threei}  wow
[11:16] {Will49} makes my day....not
[11:16] {jdetente} step by step
01[11:17] {Threei}  will... what does the dude do?
[11:17] {Les} go bowling?
01[11:18] {Threei}  the dude abides
[11:18] {Les} sometimes he abides
[11:18] {Les} :)
[11:18] {Will49} i'm the great abider
[11:19] {Will49} old blues song
[11:19] {jdetente} http://images4.alphacoders.com/151/15184.jpg
[11:19] {Will49} oh no that's pretender
[11:19] {Will49} mo-town eh ese?
[11:20] {dino} trex sm l .12
01[11:24] {Threei} Short Setup: RIG  .75 break
01[11:24] {Threei}  If holds  .80
[11:24] {Les} GS close to yesterdays lows make or break time
01[11:25] {Threei}  Invalidated
01[11:25] {Threei}  (CY) Cyprus Central Bank's Demetriades: Bank of Cyprus will be operating like a normal bank
01[11:26] {Threei}  what's a normal bank?
[11:27] {Les} bank owned and enslaved to German banking system without Russian depositors
[11:30] {Les} German fear of tax havens says Speigel. They really think they can draw money into EU by shutting down peripheral financial havens.
[11:30] {Les} along with tax on trading
[11:30] {Les} EU really going for broke
[11:31] {Les} what next, electronic money?
[11:31] {Les} paperless money system?
[11:32] {Les} LVS trying to break yesterdays high
[11:32] {nemo} wow, look how shallow the book on IWM
[11:32] {nemo} something has to be wrong with my LII
[11:32] {nemo} yep
01[11:33] {Threei} Short Setup: JPM  .40 break
01[11:33] {Threei}  If holds  .50
[11:36] {dino} ddd tp flat
[11:36] {dino} to
[11:39] {Les} was gonna ask long JPM but FAS just made it to VWAP resistance. watching it here
[11:39] {dino} out ddd +.03
01[11:39] {Threei}  no, don';t like it long
[11:40] {Les} right
[11:40] {nemo} mos
[11:41] {Les} broken that downtrend line of resistance
[11:41] {backman} short clmt .39
[11:45] {Les} nature in my garden. A vole hunting grubs 2 metres from me
[11:45] {Les} red breasted robin staking out his territory next to my pond
[11:45] {Les} sorry a shrew not a vole
[11:46] {Les} such fast metabolism that he must eat constantly. always on the run
[11:53] {jdetente} my internet died...any trades on the table currently(presently)?
[11:53] {Les} yeh
[11:53] {Les} DEAD
01[11:53] {Threei}  no, one got invalidated
[11:53] {jdetente} ok thanks
01[11:56] {Threei} Long Setup:  JPM  .55 break
01[11:56] {Threei}  If holds  .50
01[12:02] {Threei}  here is why today is such a struggle:
01[12:02] {Threei}  NYSE volume 205M shares, about 22% below its three-month average; - NASDAQ volume 615M shares, about 19% below its three-month average
[12:03] {dino} wow, and it will get lower going into friday i think
[12:04] {nemo} all the Jews doing Passover this week
[12:04] {nemo} that reminds me Charleton Heston and Yul Brynner on tap
[12:06] {dptl} clf short?
01[12:09] {Threei}  not sure
[12:09] {dptl} stopped
[12:10] {ese} stop to break even AKAM .73
01[12:11] {Threei}  this kind of breaks rarely works in low volume, dp
[12:14] {nemo} iwm spy setups say lower, but you've got spy oscillating around the Monthly R2 since the open, and IWM around the Weekly Pivot since 10:30
[12:17] {Les} http://www.telegraph.co.uk/finance/financialcrisis/9952979/Cyprus-bail-out-savers-will-be-raided-to-save-euro-in-future-crises-says-eurozone-chief.html
01[12:18] {Threei}  ese, you here?
[12:18] {Les} starting to sound like ECB being strangled in German election year
01[12:18] {Threei}  remember you were musing about "them" being not that stupid, etc? read this and weep:
01[12:18] {Threei}  (CY) Cyprus Central Bank's Demetriades Confirms Bank of Cyprus uninsured deposit losses will reach 40%
[12:19] {ese} yes .....just on the phone a ton
01[12:19] {Threei}  40% confiscation...
01[12:19] {Threei}  from simple accounts... not something invested in risky products
[12:19] {Les} move money where? US equities?
01[12:19] {Threei}  checking, saving
[12:19] {Les} where's that money gonna run?
01[12:20] {Threei}  I don't know
01[12:20] {Threei}  it doesn't look like there is any safe place left
[12:20] {ese} well i don't have my money there.......it's not a big deal to me......play what you see
01[12:20] {Threei}  what can someone do if he simply wants his money safe?
[12:20] {Les} nothing. I guess that's the idea
01[12:20] {Threei}  not invested, not growing, not under any risk
[12:20] {jdetente} coffee can
[12:20] {Les} flushing out money and taking it
[12:20] {Les} inflation
01[12:20] {Threei}  just laying there until he needs it
[12:20] {Les} taxation
[12:21] {Les} capital controls
[12:21] {dino} well, the $100k and down were safe, so spread it out i guess
[12:21] {Les} a generational wealth transfer
01[12:21] {Threei}  even if you have just 1 mil, you need 10 different places
01[12:21] {Threei}  not that easy
[12:21] {dino} sure, or a big brokerage account
01[12:21] {Threei}  what to say about someone with a bit more?
[12:22] {dino} brokers are not govt insured
[12:22] {dino} private insurance. most $10 million or above per account
01[12:23] {Threei}  {ese} well i don't have my money there.......it's not a big deal to me... {--- I am not implying it is for you. It was your argument that they were not that stupid to do anything like this
01[12:23] {Threei}  and now EU says this is a template for the whole union
01[12:24] {Threei}  so Europe just at a flick of a switch became a no go zone for the wealth
[12:24] {dino} vad, with respect. it is how usa banking works. fdic up to 100k/account. remember the s&l crisis...
01[12:24] {Threei}  sure
[12:24] {dptl} short expd .58
01[12:24] {Threei}  that was my point... no safe place anymore in the world
[12:24] {Les} reckon money velocity gonna slow in Europe as capital flees
01[12:25] {Threei}  but here is what really bugs me:
[12:25] {dino} again, don't use the banks for over 100k. use brokers
[12:25] {Les} what stops them being seized as well to pay the bills?
[12:25] {Les} keep the lights on
01[12:25] {Threei}  there is simply no place to keep your money away from risk
01[12:25] {Threei}  how is broker any safer?
01[12:25] {Threei}  they go bankrupt
[12:26] {Les} credit freeze up
[12:26] {dptl} i am safe lol
[12:26] {Les} capital controls
[12:26] {backman} out CLMT..scratcj
[12:26] {dino} sure, but due your dd on them.
01[12:26] {Threei}  eh
[12:27] {dino} really, this should have happened from the beginning of euro crisis. up to 100k insured, after that good luck
01[12:27] {Threei}  who would have thought 3 huge houses with 100+ history could go belly ip within one year?
[12:27] {dino} why are taxpayers paying.
01[12:27] {Threei}  they shouldn't
[12:27] {dino} but on past bailouts in euro they are
01[12:28] {Threei}  in US as well
[12:28] {dino} let the strong survive, capitalism
01[12:28] {Threei}  so, here is business idea
[12:28] {dino} by saving all, it weakens all
01[12:28] {Threei}  bank that does nothing with your money
01[12:28] {Threei}  deposit your money for it to be safe, that's all
01[12:29] {Threei}  and pay a fee for that safety.
01[12:29] {Threei}  No investment, no risk, no fractional reserver
01[12:29] {Threei}  -r
01[12:29] {Threei}  no interest
01[12:29] {Threei}  You want interest, invest
[12:29] {Will49} or a buried coffee can in backyard
01[12:29] {Threei}  You want your money to be safe, bring it here
01[12:30] {Threei}  electronic analog of coffee can :)
[12:30] {dino} where are you different than what i am saying? you want interest you take on risk.
01[12:30] {Threei}  I am not, what I am saying:
01[12:30] {Threei}  there is NO such option
01[12:30] {Threei}  no one takes your money with guarantee of safety
[12:31] {dino} sure there is, you just need to find it. you really think businesses won't hold your money for a fee?
01[12:31] {Threei}  if you don't want interest and risk, where do you go?
[12:31] {Les} One Swiss bank already charging for deposits here. I expect market to test SNB threshold sooner or later, forcing negative interests rates on deposits here
01[12:31] {Threei}  is that swiss bank operating on fractional reserve system?
01[12:32] {Threei}  it's not a safe place, period
[12:32] {Les} eh oui
01[12:32] {Threei}  stop for a second and think:
[12:32] {Les} sssshhhh don't tell em that
01[12:32] {Threei}  such bank can't be any traditional bank
01[12:32] {Threei}  it has to be one that does nothing else
[12:32] {Les} there are banks catering only to private wealth yes
[12:33] {dino} it is what it is, people will find alternatives if they don't like the 100k insurance level. just spread it out, go to brokers, etc
[12:33] {Les} I think Singapore will see capital inflows
[12:38] {dino} pretty tough for my edge when my scanners don't scroll constantly.
[12:38] {Les} FCX 2H stopped
[12:38] {dino} trex stop .82 -.30
[12:45] {ese} signing in to sign out......catch you all tomorrow
[12:45] {Les} ciao ese
[12:45] {dino} cya
[12:46] {Will49} be good
01[12:47] {Threei}  take care ese
01[12:57] {Threei} Short Setup: C  .53
01[12:57] {Threei}  If holds  .60
01[13:02] {Threei}  this has to be the funniest yet most accurate mistype I've ever seen in a headline:
01[13:02] {Threei}  (IT) IMF: Italy banking system as a hole has a comfortable capital cusion, but banks still need to increase provisions and efficiency, not to mention profits
01[13:05] {Threei}  no?
[13:08] {dino} italy may be next. perhaps imf is worried about deposits greater than 100k
01[13:09] {Threei}  "Italy banking system as a hole"\
[13:09] {Les} yeh I got the joke
[13:09] {_littleal} It is a black hole
01[13:10] {Threei}  sure is
[13:10] {Will49} sorry Vad...just stepped out..is C still in play?
01[13:10] {Threei}  unless goes over .60
[13:10] {Will49} tks
[13:11] {dptl}  long clf .30
[13:13] {Les} looking for LVS setup short here
[13:13] {Les} would like another run at .50
[13:18] {jdetente} bye bye C
01[13:19] {Threei}  yes
[13:20] {dptl}  long low .99
[13:21] {Les} ss lvs
[13:26] {dptl} out clf
[13:27] {Les} cover half LVS
[13:31] {dptl} out low
[13:33] {dino} infi sm s .85 stop .05
01[13:33] {Threei}  good one
[13:34] {dptl} low too soon
[13:36] {backman} BBRY..short .44
01[13:36] {Threei} Short Setup: BBRY  .40 break
[13:36] {Les} sm short spy .84
01[13:36] {Threei}  thinking along the same lines, backman'
[13:36] {Les} lvs 2H stopped
[13:37] {backman} :=)
[13:38] {nemo} nanananannananananananana  BACKMAN!!!!
[13:39] {backman} nemo, u leave in boston area?....i'm up in North Andover
[13:40] {nemo} oh...you live in a tony suburb...North Andover, they use silk for toilet paper up there
[13:40] {backman} i rent...apt and tp
[13:40] {nemo} you rent tp?
[13:40] {nemo} oy vay
[13:41] {nemo} Maybe you should move to Lowell
[13:41] {backman} thinking about it
[13:41] {nemo} I wouldn't if you are white
[13:43] {nemo} North Andover pretty safe
[13:43] {Les} s lvs .38 stop abve .50
[13:43] {dptl} in bbry
[13:44] {dino} cov infi .62, +.23
[13:45] {dptl} stop .50?
[13:45] {nemo} couldn't sell the market down, now they'll check the other side of the range
01[13:46] {Threei}  .46 and .50 are both legit... one is a bit easier to be a subject of a shakeout than another
[13:46] {Les} cover half lvs
[13:47] {dptl} short cmcsa .39
[13:50] {dino} gpor
[13:50] {Les} spy stopped
[13:50] {Les} lvs stopped flat c u's tomorrow
[13:50] {backman} gd, les
[13:51] {Will49} bye Les
[13:51] {dino} cya
01[13:54] {Threei}  http://goo.gl/Q6BiE
01[13:54] {Threei}  as old joke goes, want russian to jump from the bridge - tell him it's forbideen
[13:54] {Will49} LOL
[13:59] {dptl} stop to .41 cmcsa
[13:59] {dptl} .42
[14:06] {dino} gpor sm s .50
[14:07] {dptl} to b/e cmcsa
[14:07] {dino} cov .40, +.10
01[14:08] {Threei}  you have 1:1, backman
[14:08] {backman} always a pleasure
[14:09] {backman} CLMT came in wo ...darn selling RE
01[14:12] {Threei}  rofl... insult of the day:
01[14:12] {Threei}  You are as useless as G in lasagna
[14:13] {nemo} poor Les
[14:14] {nemo} wow less than 50 mil shares of spy traded
[14:14] {dino} showing 59m here
[14:15] {nemo} this may just be market hours
[14:15] {dino} good point
[14:15] {nemo} showing 59.5 on FSC
[14:15] {nemo} broken clock...I'm right twice a day
[14:17] {dptl} trail to .43 bbry?
01[14:18] {Threei}  yup
[14:19] {dptl} should of grab .31
01[14:19] {Threei}  on such day, absolutely
[14:20] {dptl} oh well
01[14:20] {Threei}  and substituing "should of" for "should have" must become a death punishable offence
[14:28] {dptl} stopped
[14:31] {backman} afternoon, all
[14:31] {dino} cya bman
01[14:34] {Threei}  (CY) Fitch places Cyprus sovereign rating on watch negative
01[14:34] {Threei}  really?
[14:35] {dino} five sm l .72
[14:35] {dino} lol
[14:35] {dino} value added research
01[14:35] {Threei}  no kidding, lol
01[14:35] {Threei}  up to now we thought it was hunky-dory
[14:39] {dino} stop five .44 -.28
[14:42] {Will49} Vad, is there any way of knowing in first hour or so if we're going to have one of these kind of days?
01[14:42] {Threei}  is there were, think I would sit here?
[14:43] {Will49} guess it was a stupid question, eh?
01[14:43] {Threei}  :)
[14:43] {dptl} lvs .50 short?
01[14:44] {Threei}  yes
[14:44] {dptl} in .49
[14:56] {dptl} stopped.......
[14:56] {dptl} boy oh boy.....
01[14:56] {Threei}  you are just asking for it...
01[14:56] {Threei}  nothing worjks
01[14:56] {Threei}  whole day
01[14:56] {Threei}  why are you continue pushing?
[14:57] {thomcbell} agreed
[14:58] {dptl} yeah.....start asking my self if i ever gonna make it....
01[14:58] {Threei}  if you increase your frequency of trades on a low volume patternless day? no
01[14:59] {Threei}  how about following what market says? instead of "what you need"?
[14:59] {dino} now if that was bob evans w/couple burgers we'd let him in
01[15:00] {Threei}  dp, take deep breath and tell me... you want to trade or you want to make profit?
01[15:00] {Threei}  because I wonder sometimes...
01[15:00] {Threei}  it looks like you just want to tarde for trading sake
01[15:01] {Threei}  on a day when things don't move and volume is not there, you increase your activity or cut it down?
01[15:03] {Threei}  (EU) Spain PM Rajoy: Does not favor using deposits for recapitalizing banks, prefers ESM recaps
01[15:03] {Threei}  but of course
01[15:03] {Threei}  let taxpayers bail everyone else out
01[15:05] {Threei} Short Setup: JPM  .40 break
01[15:05] {Threei}  If holds  .50
[15:06] {_littleal} You know the bank that failed in Cyprys was state owned.  Shows the folly of state owned business.
[15:06] {dino} yes
01[15:06] {Threei}  honestly, I lost count of follies
[15:07] {dino} just look at obama/us govt involvement in solar
01[15:07] {Threei}  yeech
01[15:07] {Threei}  but is there even such a thing as private bank anymore?
01[15:08] {Threei}  unless it's so small that no one cares
[15:08] {jdetente} too little to care?
01[15:09] {Threei}  lol, yes
[15:09] {jdetente} I like that as a marketing slogan for a credit union lol
01[15:13] {Threei}  Invalidated
01[15:13] {Threei}  for now
01[15:13] {Threei}  may reestablish setup yet
01[15:13] {Threei}  JPM remains very weak in a strong market
[15:18] {dino} cphd spike
01[15:21] {Threei} Short Setup: JPM  .50 break
01[15:21] {Threei}  If holds  .55
01[15:21] {Threei}  let's see if mini-H&S works
[15:22] {dino} cphd sm s ave .95
[15:24] {dino} cov cphd .75, +.20
[15:28] {dptl} stopped
[15:29] {jdetente} alright guys going to call it a day. Have a good one.
[15:30] {_littleal} Bye all
01[15:32] {Threei}  take care kd, al
01[15:32] {Threei}  jd
01[15:36] {Threei}  volume is less than half of yesterday's
01[15:36] {Threei}  no wonder nothing happens
[15:39] {dino} yeah
01[15:41] {Threei}  day when you pick trades with 5 cents stops and wait for some event to trigger real action
01[15:41] {Threei}  other than that, sit on your hands
[15:42] {Will49} your advice about setting stop loss on profits kinda saved me today...tks
01[15:42] {Threei}  good to hear
01[15:43] {Threei}  see, these money management tricks really work
[15:43] {dino} logm spike
[15:43] {Will49} probably down about a third of what it could have been
01[15:44] {Threei}  discipline, however frustrating it sometimes is... saves our bacon
[15:45] {Will49} amen
[15:46] {dino} logm halt/
[15:46] {dino} ?
01[15:46] {Threei}  yes
01[15:46] {Threei}  for news pending
[15:46] {Les} we in anything?
01[15:46] {Threei}  in coma
[15:46] {dino} hey Will, thats good trading keeping the profits stop
[15:46] {dino} gj
01[15:47] {Threei}  NYSE volume 18% below 3-months ave
01[15:47] {Threei}  same for NASDAQ
01[15:47] {Threei}  oh boy
01[15:47] {Threei}  look at this beauty
01[15:47] {Threei}  (CY) Eurogroup's Dijsselbloem: A levy on wealth can be defended in principle - EU parliament discussion on Cyprus
01[15:48] {Threei}  A levy on wealth
[15:48] {Will49} dino...in today's case, staunching the blood flow :)
01[15:48] {Threei}  f(*&^ng communists
[15:48] {Les} lol
[15:48] {dino} agreed 3i
[15:49] {Les} looks like  a dutch fascist who made that comment
01[15:52] {Threei}  if not the time, BBRY would be a .40 break short
[15:53] {dino} lets hope for more volume tomorrow
[15:53] {dino} gn all
[15:53] {Will49} tomorrow's another day (thank God) cheers
01[15:53] {Threei}  ok guys, thank you all
01[15:53] {Threei}  have a good evening, we will get them tomorrow
[15:53] {Les} cheers
[15:55] {thomcbell} manana

March 25 2013

Uneven day which ended profitably but was sprinkled generously with missed opportunities. 4 or 5 trades where we got the right read but couldn't grab an entry as stocks jumped right over our tigger leaving us on the platform, all too disciplined to chase and entry. Oh well, profit is profit, shouldn't complain too much I guess - no one likes a crybaby, right?

Jump to 11:46 to 11:41 for a dialog about gurus MO

Session Time: Mon Mar 25 00:00:00 2013

[08:57] {jdetente} good morning

01[08:58] {Threei}  jd :)

[09:04] {dino} gm

01[09:06] {Threei}  duno, welcome back

01[09:06] {Threei}  how was it?

[09:07] {dino} good time, but rained out last 2 days

01[09:07] {Threei}  still better than snow

[09:08] {dptl} gm

01[09:08] {Threei}  dp :)

[09:08] {dino} yes

[09:14] {nemo} bbry

01[09:14] {Threei}  poor thing can't catch a break

[09:15] {thomcbell} dino - Vad culled a superb short entry on friday - 

[09:17] {ese} gm

[09:18] {cipher} gm

01[09:20] {Threei}  ese, cipher :)

[09:20] {Will49} gm

[09:20] {ese} C will vad

01[09:20] {Threei}  will :)

[09:21] {backman} top of the day

[09:21] {cipher} ese

01[09:21] {Threei}  backman :)

[09:21] {ese} will you missed some excitement on friday.........the staff at the bar all came out and nicknamed us the "Grimbergen Gang".....was really funny

[09:21] {Will49} :(

01[09:22] {Threei}  two main question of this Monday: 1)How will Russia retaliate? 2)What is ravi's next nickname?

[09:22] {Will49} sorry we missed it

[09:22] {ese} ravi who?

[09:22] {ese} Shankar?

[09:22] {Will49} ravi-shing

[09:24] {thomcbell} Ravi-Shang funier

[09:24] {thomcbell} funnier

[09:24] {ese} tough crowd

[09:24] {Will49} only tough to look at

[09:25] {Les} morning

[09:25] {ese} les

01[09:25] {Threei}  only in tutu on lulu pants

01[09:25] {Threei}  les :)

[09:25] {Will49} LOL

01[09:28] {Threei}  wow... BBRY

[09:29] {dino} gs downgrade

01[09:30] {Threei}  yes... and two on Fri

01[09:30] {Threei}  BlackBerry Goldman Sachs Cuts BBRY to Neutral from Buy, price target: $17- Firm reports they are removing BlackBerry (BBRY from the Americas Buy List for two reasons. (1) The Z10 launch at AT&T on March 22 was disappointing, with limited marketing and tepid sell-through at AT&T and Best Buy stores alike. While they thought the international launch was solid, the US launch is critical for BlackBerry�s ultimate success. (2) Consensus has moved closer to their view that the mix shift to BB10 would drive upside to ASPs and margins, as reflected in the stock�s YTD appreciation, rising estimates, and several recent upgrades.

01[09:31] {Threei}  Cyprus archibishop calls for EU exit

01[09:32] {Threei}  watching LVS for long on pullback

01[09:36] {Threei}  one more leg down BBRY, and should be ready for reversal

[09:37] {cipher} sial l .48

01[09:38] {Threei}  got away

[09:38] {cipher} urbn l.54

[09:40] {cipher} out urbn .83 +.29

[09:40] {cipher} out sial .50 +.02

[09:41] {cipher} ebay l .67

[09:41] {Les} Ravi?

01[09:42] {Threei}  YESSS!!!!

[09:42] {cipher} out ebay .77 +.10

01[09:42] {Threei}  we have a winner

01[09:42] {Threei} Long Setup:  JPM  ..15 break

01[09:42] {Threei}  If holds  .10 

[09:43] {nemo} mmhhhh

01[09:44] {Threei}  no go

[09:44] {cipher} qcor l .00

01[09:45] {Threei} Long Setup:  BBRY  .80 break

[09:45] {cipher} vrtx l 60

[09:45] {cipher} out .70 +.10

01[09:45] {Threei}  If holds  .70 

[09:46] {cipher} out qcor .29 +.29

01[09:47] {Threei}  1:1

01[09:47] {Threei}  was so kind of it to pull back and pick us up

[09:47] {cipher} is ravi on never ending free trial?

[09:47] {dino} onxx spike

01[09:47] {Threei}  in his mind at least

[09:47] {backman} ebay approaching dl

01[09:48] {Threei}  5th username in two weeks

[09:48] {cipher} ebay l .61

[09:49] {nemo} market setting up for a pull back

[09:50] {ese} L rdn .58

[09:50] {cipher} out ebay -.04

[09:50] {cipher} qlik l .37

01[09:50] {Threei} Long Setup:  SLW  .80 break

01[09:50] {Threei}  If holds  .70 

01[09:51] {Threei}  actually let's make it aggressive

01[09:51] {Threei}  .75 break

[09:51] {cipher} ebay l .61

01[09:51] {Threei}  same stop, under .70

[09:51] {nemo} market should pull in here

01[09:51] {Threei}  that was fast

01[09:51] {Threei}  if you caught .75 break, 1:1

[09:53] {cipher} ebay stopped .63 +.02

[09:56] {cipher} CHKP L .86

[09:56] {cipher} out +.11

[09:58] {Les} bankster bb's tightening here

01[09:59] {Threei}  ugh... BBRY was worth a second entry at that same trigger

[09:59] {cipher} sgen l .76

[10:01] {cipher} qlik l .33

01[10:01] {Threei} Short Setup: CAT  .20 break

01[10:01] {Threei}  crap... another one too fast for entyr

[10:01] {backman} would u take it on bounce back?

01[10:02] {Threei}  not anymore, it hit 1:1

[10:03] {nemo} looks like trend day up

[10:04] {cipher} out QLIK .56 +.23

[10:04] {Les} C is under vwap

[10:04] {Les} watching if it heads lower

[10:04] {Les} banks behaving strangely

[10:04] {dino} onxx sm s .11 stop.35

[10:05] {nemo} you should know Les

01[10:05] {Threei} Long Setup:  GLD  .55 break hl

[10:05] {ese} my question...and sugestion is this.......do this ravi goof and mitra goof get a brief look at the board when they try to log on?  If so.......someone needs to make a really bad call with a buy in of like say 5000shs so that they get a brief look at it and then make a buy themselves.  Of course we need to know ahead of time about the call.........maybe that 

[10:05] {Les} learnt from the best ;)

01[10:05] {Threei}  If holds  .45 

[10:06] {ese} will get rid of these goofs

[10:07] {nemo} JCP dying

01[10:07] {Threei}  my favorite part is, whe new nick is getting kicked out, guess what happens

[10:08] {Les} C short .50?

[10:08] {cipher} out sgen .90 +.14

01[10:08] {Threei}  can't tell

01[10:08] {Threei}  too hectic chart

01[10:09] {Threei}  e-mail asking why he can't enter...

[10:09] {Les} isn't that just self frustration?

[10:09] {Les} not like he's gonna read them

[10:10] {ese} your kidding?......you got an email?....now don't that beat all

[10:10] {Les} oh he sent u an email? lol

01[10:10] {Threei}  yup, with each new nick

01[10:10] {Threei}  reshi, ravi, mitra

[10:11] {ese} how bout that stupidity..........can i answer one of those for you...........would be so much fun........please please please???

01[10:12] {Threei}  sorry... privacy of e-mail addreeses of false nicks is sanctious

01[10:13] {Threei}  GLD stop to .49

[10:13] {ese} darn!

[10:13] {dino} cov onxx .81, +.30

[10:14] {Les} banksters exiting stage left

[10:14] {Les} vwap test here for FAS

01[10:16] {Threei}  somewhat listless morning

[10:16] {nemo} ebay might be a nice short today

[10:17] {ese} Considering all the cypress hype

01[10:18] {Threei}  out GLD

[10:18] {jdetente} kind of a treading water morning so far

01[10:19] {Threei}  yup

01[10:19] {Threei}  no solid ground under feet

[10:19] {nemo} watch lvs between here and 55

[10:21] {ese} darn.....missed my chance to mitra.........L 25000shs dndn......hmmmm maybe he'll try to log on.........NOW

01[10:21] {Threei} Long Setup:  LVS  .50 break

[10:21] {ese} nail mitra

[10:21] {ese} VAD !!!!!!!!! don't take that call!!!!!!

01[10:21] {Threei}  Invalidated  

[10:22] {jdetente} whatcha smokin' ese??

[10:22] {jdetente} :)

[10:23] {ese} lol........was trying to nail mitra........hoping he would try to log on and get a glimpse of that dndn call

[10:24] {ese} but it was vad

01[10:25] {Threei}  no news for this wierd SPY drop

[10:25] {Les} trendline break short of IWM worked well nemo, lacking courage of convinction on IWM break short. stopped out flat

[10:25] {thomcbell} your instincts were way correct on lvs buying the first pullback 

[10:25] {thomcbell} vad 

01[10:26] {Threei}  and to short frikin CAT

01[10:26] {Threei}  and to go long BBRY

[10:26] {thomcbell} i have to run for a few hours guys 

01[10:26] {Threei}  and they all got away in hectic morning trading

[10:26] {Les} got a wyckoff distribution chart in front of me

[10:26] {Will49} 30 minutes is all you need tbell

[10:26] {Will49} to stay healthy

[10:27] {Les} http://stockcharts.com/school/doku.php?st=wyckoff+distribution&id=chart_school:market_analysis:wyckoff2

[10:27] {Les} C imitating distribution to a T

[10:27] {Les} but very quietly...

[10:28] {backman} out EBAY +.87

[10:29] {Les} 3 min bubble busters on banskters. lets see if they bounce back

[10:29] {Will49} wow bman

[10:29] {Les} yeh very nice

[10:30] {backman} ty

[10:30] {dino} ll

01[10:30] {Threei}  wtg

[10:30] {ese} Dallas fed up big

[10:30] {dino} gj back

[10:30] {nemo} tna probably good long above .90 if spy positive

[10:30] {ese} 7.4 vs 3.7 ex

[10:31] {nemo} needs to hold the low

01[10:31] {Threei}  wow... now he blackmails me. if he is not let in the room, "i will try something els"

01[10:31] {Threei}  please do

[10:31] {Les} I like this guy

[10:31] {Les} ballsy

[10:31] {Les} dumb but ballsy

[10:31] {ese} but stupid

[10:31] {Les} reminds me... of me

[10:31] {Les} LVS trying to recover vwap resistance

[10:32] {dino} ll sm s .29 stop .58

[10:32] {jdetente} In vino veritas Les

[10:33] {dino} stop

[10:33] {Les} bit early jd

[10:33] {jdetente} an Irish coffee never hurt anyone

[10:33] {Les} Nemo what is SPY ATH?

[10:34] {Les} 156.76?

[10:34] {Les} we what touched it once on 14th March?

[10:35] {nemo} you mean ATR?

[10:35] {nemo} where you see this les?

[10:35] {Les} all time retard?

[10:35] {cipher} LL s .47

[10:35] {Les} the 2007 high on SPX

[10:35] {Les} sorry should differentiate ETF from index

[10:36] {nemo} that's likely the all time high

[10:36] {Les} I see the newspapers trumpeting it but didn't look at the details

[10:36] {nemo} ebay looks like death

[10:36] {dino} ll sm s .51

[10:37] {nemo} standard operating procedure for you Les

[10:37] {Les} oh so here we go...

[10:37] {Les} u wanna play huh

[10:37] {cipher} EBAY s.09

01[10:37] {Threei} Short Setup: JCP  .95 break

01[10:38] {Threei}  If holds  .05 

01[10:38] {Threei} Short Setup: CAT  .60 break

01[10:38] {Threei}  .c .70

01[10:39] {Threei}  If holds  .70 

[10:40] {nemo} ebay look volume

[10:40] {nemo} short if it drops

[10:42] {ese} rdn stopped .39 -.19

[10:43] {cipher} cov EBAY .96 +.13

[10:43] {Les} couldn't borrow JCP shorting EBAY .98

[10:43] {Les} CAT cover half .51 ty

01[10:44] {Threei}  yw

01[10:44] {Threei}  1:1

[10:44] {Les} cover half ebay .91

[10:45] {Les} first out the door

[10:45] {Les} AIRBORNE YEEEEEHAAAAA

01[10:45] {Threei}  wow

01[10:45] {Threei}  read this

01[10:45] {Threei}  (EU) Eurogroup's Dijsselbloem: Bank restucturing program in Cyprus could be used as a template for the rest of the EMU- Calls on EMU countries with large banking sectors to restructure and bring down the size of the sector in efforts to move the risks from the public sector (mentions Luxembourg, Malta, Slovenia) - Notes that the process would mean that a direct recap of banks by the ESM may not ever need to happen

01[10:46] {Threei}  Bank restucturing program in Cyprus could be used as a template for the rest of the EMU - signal to every single deposit holder that his money is a fair game

[10:46] {Les} yeh thinking that would serve as a precendent

[10:46] {Les} Borrosa likes what he saw in Iceland

[10:46] {Les} but Iceland and EU...

[10:46] {Les} ain't the same thing

01[10:46] {Threei}  CAT 1:2

01[10:46] {Threei}  no

[10:46] {dino} cov ll .94, +.57

[10:47] {ese} thats a wow

01[10:47] {Threei}  and btw, Iceland, even though won court cases against UK and someone else, starts repayiong those seized deposits

01[10:47] {Threei}  whoch is not going to be the case EU-wide

01[10:48] {Threei}  JCP stop to .01

[10:48] {cipher} sial l.91

01[10:48] {Threei}  CAT 1:3 close enough, out

01[10:48] {Threei}  catching the stride

[10:48] {Les} ty

[10:49] {nemo} tana long .10

[10:49] {cipher} MCRS L .00

[10:49] {Will49} out CAT tks Vad

01[10:49] {Threei}  yw

[10:49] {cipher} IBB L.73

01[10:49] {Threei}  leaving all the details and technicalities aside, big picture isd:

[10:50] {Les} lvs flirting with vwap support here

01[10:50] {Threei}  does EU look to you as happy union,

[10:50] {dino} slca drop

[10:50] {nemo} partialing here

01[10:51] {Threei}  and is there a chance such a conflicted institution constantly torn up by so many horizntal and vertical contradictions can survive?

[10:51] {ese} germany wants out

[10:52] {ese} that would be a huge blow

[10:52] {Les} not if the big investment money holding that institution togethor starts jumping ship

[10:52] {nemo} stop to entry

01[10:52] {Threei}  blow?

01[10:52] {Threei}  lol

01[10:52] {Threei}  that's the end, whole thing is hoklding on Germany

[10:52] {nemo} notice tempurpedic up today...easier to hollow out foam mattresses

01[10:52] {Threei}  rofl nemo

[10:52] {Will49} LOL

01[10:52] {Threei}  that's a good one

06[10:53] * nemo takes a bow

[10:53] {dino} lol

[10:54] {Les} LVS maybe ready to give up 55

[10:54] {nemo} Banks pay no interest, so why keep your money there if they're gonna' rob you anyway

[10:55] {Les} cause it was safe and liquid

[10:55] {Will49} "was"

[10:55] {nemo} Vad hit Les

[10:55] {nemo} out tna

[10:55] {Les} :)

01[10:55] {Threei}  what am I, a professional bouncer?

[10:56] {nemo} Les would be a great javelin catcher

06[10:56] * Threei hands nemo 2x4 labeled D I Y

[10:56] {Will49} hahaha

[10:56] {Will49} if we need a bouncer, ONE of you Russians will be it

[10:57] {Will49} dp?

[10:57] {Will49} Vad can watch markets and dp can knee-cap Les

[10:58] {Les} given all u americans are armed to the teeth I don't doubt it

[10:59] {Les} lvs 55 recross?

[10:59] {Les} long?

[10:59] {nemo} no, I was a professional bouncer

[10:59] {dino} better safe than sorry

[10:59] {Will49} nemo, you're to mellow now

[10:59] {Will49} too

[10:59] {nemo} more mellow, until the switch flips

01[10:59] {Threei}  not a very clean setup, les

[11:00] {Les} yeh forgotten it already

01[11:00] {Threei}  breakdown earlier was much better, I missed it

[11:00] {Les} slw making a dirty cup and handle here

[11:00] {Les} grabbed small short lvs straight off vwap think we can go lower her

[11:00] {Les} here

[11:00] {Les} that .20 are vwap

[11:00] {Les} area

[11:01] {Les} SLW

[11:01] {Les} c&h

01[11:01] {Threei}  frikin GLD rinsed

[11:01] {dino} why don't you europeans put your $ with big brokerages? they are privately insured.

01[11:02] {Threei}  it comes to a situation where there is no safe way to keep your money

[11:02] {cipher} VIAB L.23

[11:03] {Les} guess a gun could come in handy at that point

[11:03] {jdetente} it's not your money anymore comrade...it's the people's money

[11:03] {jdetente} sadly

[11:03] {cipher} infi drop

[11:03] {cipher} unfi

01[11:04] {Threei}  it was kind of given that your checking or saving account is yours with no reservations

01[11:05] {Threei}  turns out, not so much

[11:05] {backman} out BBRY +.20

[11:05] {Les} bbry vwap support .10 and pivot support too

01[11:06] {Threei}  crap

01[11:07] {Threei}  I was right about GLD too

01[11:07] {Threei}  that makes 4(!) plays today I was right about and didn't profit from

01[11:07] {Threei}  personal record?

[11:07] {Les} slw cup and handle here?

01[11:07] {Threei}  looks like, yes

[11:07] {cipher} UNFI L .21

[11:08] {dino} unfi sm l .21

01[11:08] {Threei}  1:3 CAT short keeps me in back and consoles somewhat, but still

[11:08] {Les} LVS getting heavy

[11:09] {Les} .20 long SLW?

[11:09] {cipher} CAT l .24

[11:09] {dino} rht sm l .37

[11:10] {Les} l slw .22

[11:10] {ese} L rdn .28

[11:11] {Les} half out .30

01[11:12] {Threei}  good one

[11:13] {nemo} cat might test 85.95 gap fill

[11:14] {Les} nother quarter .39

[11:14] {Les} struggling with pivot and 20 dma resistance here

[11:15] {Les} stop to .30

[11:15] {dino} stop rht .17, -.20

[11:15] {Les} but cup calculation from trigger suggests +.50 is target will hold 100 shares for that

[11:16] {Les} 1:3

[11:16] {Les} sorry +:2

[11:16] {Les} 1:2

[11:16] {jdetente} good trade Les

[11:16] {Les} frikin ritalin making me a chatterbox after weekend break

[11:17] {ese} well done les.......and it's till goin

[11:17] {Will49} good call es

[11:17] {nemo} why don't you skip Mondays then

[11:17] {ese} still

[11:17] {Will49} Les

[11:17] {Les} short new low iwm?

[11:17] {Les} strogn support for SPY here

01[11:18] {Threei} Short Setup: LVS  .80 break hl

01[11:18] {Threei}  If holds  .90 

01[11:19] {Threei}  1:1

[11:19] {nemo} think market realized Cypress the canary inthe coal mine

[11:19] {ese} out rdn .22 -.06

01[11:20] {Threei}  Pyrrhus victory

01[11:20] {Threei}  sdtill think they are smart and rational ese?

[11:21] {ese} huh

01[11:21] {Threei}  they are like a bad fireman... jumping from one fire to another trying to put out new flames

[11:22] {ese} ya.......it ain't helping my cause today.........

[11:23] {Les} and destroy peoples' houses in the process to try to create firebreak. making lot of little people angry

01[11:23] {Threei}  to their justiffication... it's hard to manage present not knowing anything about past, or completely disregarding it

[11:23] {cipher} tna l .95

01[11:23] {Threei}  Those who don't know history...

[11:23] {Les} are doomed...

01[11:24] {Threei} Short Setup: SLW  .45 break

01[11:24] {Threei}  If holds  .50 

01[11:24] {Threei}  aggresive for .40

[11:24] {Les} lol last exit .47 slw

[11:25] {cipher} out tna .25 +.30

[11:27] {cipher} EBAY L .31

[11:28] {dino} lulu sm l .01

[11:29] {dino} rht sm l .10

01[11:33] {Threei}  let's do it SLW

01[11:33] {Threei}  nice and clean double top

01[11:34] {Threei}  al, you missed 1:3 CAT short...

01[11:34] {Threei}  that's of course is nothing comparing to everything reshi missed... but still :)

[11:34] {dino} ebay sm l .35

[11:35] {Les} cover half ty slw

[11:35] {Les} up she goes, down she goes

01[11:36] {Threei}  1:1

01[11:36] {Threei}  yw

[11:36] {Les} this much more fun than reading forecasts of what gold and silver 'should' be doing

01[11:36] {Threei}  very clear setup

01[11:36] {Threei}  heh

01[11:37] {Threei}  academics who never made a dime in the market

01[11:37] {Threei}  yet so eager to explain why market didn't do what they predicted

01[11:37] {Threei}  and of course always blaming damn manipulators

[11:37] {Les} all of em. The gurus. The hard money crowd. The anti-establishment mob

[11:37] {Les} dumped all of them from reading list

01[11:38] {Threei}  it's always the same song

01[11:38] {Threei}  1. Here is what will happen.

[11:38] {cipher} EBAY target .60

01[11:39] {Threei}  2. Uh, not happened yet, but it will - meanwhile, this is a buying opportunity

01[11:39] {Threei}  1:2 SLW

01[11:39] {Threei}  3. Uh, they manipulated price lower, buy more!!

[11:39] {dino} out unfi +.12

01[11:40] {Threei}  4. Even lower... they are not getting my shares cheap, weak hands are getting shaken out

01[11:40] {Threei}  5. Be strong... be strong...

01[11:40] {Threei}  6. Damn manioulators, they ruined me

01[11:41] {Threei}  no matter that it all happened zillion times before, they don't see that they follow that same suicidal pattern

01[11:41] {Threei}  no matter that manipulators are simply the part of equation

[11:41] {Les} yeh that was missing element in swing trading of mine in 2011

[11:41] {Les} easy to say 'going up'

[11:41] {Les} but as soon as it reversed....

[11:42] {Les} plan fell apart

[11:42] {Les} buying to a top was fun and new experience

[11:42] {Les} the hangover was a bitch

[11:43] {cipher} out CAT .34 +.10

[11:46] {Les} gotta be somewhere back after lunch

[11:46] {nemo} no hurry les

[11:47] {Les} bisous

[11:48] {Will49} out SLW tks Vad

01[11:48] {Threei}  yw

[11:49] {Will49} everybody's gotta be somewhere Las

[11:49] {Will49} Les

[11:50] {Will49} joke about guy coming home middle of day and smells cigar smoke

[11:50] {Will49} runs up to bedroom

[11:50] {Will49} wife is in bed alone

[11:50] {Will49} rips open closet

[11:51] {Will49} there stands a naked skinny  guy

[11:51] {Will49} husband...what the hell are you doing here

[11:51] {Will49} guy...everbody's gotta be someplace

01[11:51] {Threei}  lol

01[11:52] {Threei}  http://photography.realitytrader.com/2013/03/dreamy-beaches-2.html

[11:54] {Will49} nice Vad..can hardly wait to go back

[12:07] {backman} L EBAY .51

[12:10] {backman} -.10

[12:13] {_littleal} Which island did you take those picts?

01[12:13] {Threei}  Big Island

01[12:14] {Threei}  my favorite of all

01[12:14] {Threei}  Will will disagree, he will tell you Maui is better

[12:14] {_littleal} Nice! Going to Kauai in July

01[12:14] {Threei}  but I will disagree with Will, and will insist on Big Island being the best

01[12:15] {Threei}  Kauai is fantastic

[12:16] {_littleal} Went to the Big Island in 1993 and loved it.

01[12:16] {Threei}  it changed greastly since then

01[12:16] {Threei}  greatly

[12:17] {cipher} MDVN L .22

[12:17] {_littleal} 20 years is a long time so I am sure it has.

01[12:17] {Threei}  especially in such active place

[12:17] {Will49} never been to Big Island but hear it's great!

01[12:17] {Threei}  have you driven the Chain of Craters road, fropm the top of volcano to the ocean level?

[12:17] {Will49} Maui is only island i've visited

01[12:18] {Threei}  if yes, it became shorter since then - lava crossed it

[12:19] {_littleal} Did 1/2 of that road.

01[12:19] {Threei}  the feeling when you climb the lava towering about 20 ft, right above the spot where you used to drive in your last visit...

[12:19] {Will49} Maui's number one asset? A rent-free home for us as long as we like

01[12:19] {Threei}  hard ti beat :)

[12:19] {Will49} oh yeah

01[12:20] {Threei}  if you move up to the whole photoblog, http://photography.realitytrader.com/, and scroll through a few months posts you'll see more beaches, and volcano

[12:20] {Will49} On the downside, we've seen just about everything on Maui and would like to go to Big Island

01[12:20] {Threei}  and other places

[12:20] {Will49} as soon as I'm a consistently profitable trader:)

[12:20] {dino} lulu to .35, brb

01[12:21] {Threei} Short Setup: EBAY  .30 break hl

[12:21] {_littleal} I liked the Big Island better than Maui but that is my opinion.

01[12:21] {Threei}  If holds  .40 

[12:22] {cipher} SRCL L.08

[12:22] {cipher} MDVN stopped .27 +.05

01[12:22] {Threei}  I am with you... Maui is spectacular, no argument, but just a tad too manicured

01[12:22] {Threei}  Big Island is rough, wild and keeps you on your toes

[12:24] {cipher} SRCL stopped .12 +.04

01[12:25] {Threei}  you'll see that road crossed by lava at the end of this one: http://photography.realitytrader.com/2013/01/hawaii-active-volcano-3.html

[12:27] {_littleal} Did you see the lava tubes and the fern grotto?

01[12:28] {Threei}  yup

[12:29] {dino} out lulu .51, +.50

[12:30] {Will49} nice

[12:30] {dino} ty

01[12:31] {Threei}  look at two more al: http://photography.realitytrader.com/2013/01/hawaii-active-volcano.html and http://photography.realitytrader.com/2013/01/hawaii-active-volcano-2.html

[12:32] {ese} gotta go all.....first day back from spring break.

[12:34] {jdetente} ebay going for the rinse...not delighteed

01[12:35] {Threei}  yeah, by 1 cent

01[12:35] {Threei}  sheesh

[12:36] {dino} out rht .40, +.30

01[12:53] {Threei}  (CY) All Cyprus banks - except for Bank of Cyprus and Popular - are said to be opening for business on Tuesday, March 26th - financial press- Bank of Cyprus and Popular are said to be reopening on Thursday, March 28th.

01[12:53] {Threei}  oh, that's why ese left early...

[13:00] {dino} ebay stop -.12

[13:04] {cipher} CELG L .51

01[13:09] {Threei}  EBAY rinse

01[13:09] {Threei}  shrug

01[13:09] {Threei}  one of those days when P/L column is in black but there is great feeling of disatisfaction

[13:10] {jdetente} have to not get emotional about missed opportunities

01[13:11] {Threei}  emotional no

01[13:11] {Threei}  dissatisfied, yes

01[13:11] {Threei}  is dissatisfaction an emotion?

[13:11] {nemo} like women, always another one around the corner

[13:11] {jdetente} that is an emotion as well...that's all I meant

[13:12] {jdetente} since it is a "feeling" of dissatisfaction

01[13:12] {Threei}  hmmm

[13:13] {jdetente} that's my story and I'm stickin' to it! hehe

01[13:13] {Threei}  that's fine, I am just trying to figure out how I manage to be dissatisfied yet unemotional

[13:14] {jdetente} this is going to get quite existential 

[13:15] {Will49} don't mess with the Taost trader

01[13:16] {Threei}  I can share with you nemo's recipe for staying unemotional

[13:16] {jdetente} two parts whiskey and one part water?

01[13:16] {Threei}  "Never go to beg angry. Stay up and plot your revenge."

[13:17] {jdetente} lol

[13:17] {dino} lulu sm l .98

[13:17] {dino} unfi sm l .13

[13:17] {cipher} TNA L .59

01[13:19] {Threei}  and, jd... what is water doing in that recipe of yours???

01[13:20] {Threei}  beg = bed, btw

[13:20] {backman} beg to get to bed?

[13:21] {cipher} IBM L .25

[13:21] {jdetente} I know it is kind of a faux pas

[13:21] {jdetente} water in your whiskey

01[13:21] {Threei}  seriously man

01[13:21] {Threei}  what were you thinking

01[13:22] {Threei}  you face months and months of winning back nemo's respect

[13:22] {nemo} nah, he might as well leave

[13:22] {jdetente} well remember I suggested that was his recipe...

[13:22] {jdetente} hehe

01[13:22] {Threei}  and I have to admit, I slant at you askance as well

[13:23] {cipher} out TNA .89 +.30

[13:23] {cipher} out IBM .50 +.25

[13:23] {dino} gj

[13:23] {cipher} ty

01[13:23] {Threei}  two side by side good ones

[13:25] {jdetente} I bought a terrible irish whiskey last week...Irish Manor. Thought I'd take a chance...big mistake.

[13:25] {jdetente} It will used as my cold medicine now. 

01[13:25] {Threei}  lol

01[13:25] {Threei}  look closer at this bottle: http://goo.gl/W5ffk

[13:26] {cipher} TNA reload .83

[13:26] {jdetente} Hennessy right?

01[13:26] {Threei}  as far as evening on the hotel balcony goes, can't go wrong

[13:26] {cipher} out TNA .13 +.30

[13:27] {dino} good series cipher

[13:28] {cipher} tcbi l .99

01[13:28] {Threei} Short Setup: SLW  .30 break

01[13:28] {Threei}  If holds  .40 

[13:31] {dino} out unfi .43, +.30

[13:33] {cipher} TCBI stopped .01 +.02

[13:36] {dino} vmw

01[13:38] {Threei} Short Setup: BBRY  .35 break

01[13:38] {Threei}  If holds  .45 

[13:38] {jdetente} no shares with my broker

[13:39] {dino} out lulu flat

[13:42] {cipher} missed vmw damn

[13:44] {cipher} good call dino

[13:44] {cipher} up .50

[13:44] {dino} me too

[13:44] {cipher} had a target buy at .50 :(

[13:47] {dino} we blew that one, i was thinking 75.30

[13:47] {dino} bounced right on s3, usually dip below

[13:50] {cipher} yep trade of the day slipped by

01[13:51] {Threei}  nice SLW slide with SPY upmove

01[13:51] {Threei}  hedge

[13:51] {dino} that and lulu, stop flat and runs .50

[13:51] {nemo} we close green today and run higher the rest of the week

[13:52] {dino} end of quarter, so perhaps

[13:52] {nemo} they need to get the Mutual fund money into the market

[13:56] {Les} IWM vwap here

[13:57] {backman} 1:1

01[13:57] {Threei}  SLW 1:1

01[13:57] {Threei}  BBRY us gathering strength to weaken

01[13:58] {Threei}  us = is

[14:02] {nemo} unh might be long here above .06

01[14:02] {Threei}  it takes a lot of strength to show your weakness publicky, you know

[14:05] {jdetente} lol

[14:10] {cipher} HIBB L .21

[14:11] {cipher} hibb may get squeezed

[14:17] {thomcbell} any news on hfc?

[14:17] {thomcbell} if not may look for a double bottom or other entry 

01[14:17] {Threei}  not since March 19

[14:21] {cipher} IBM L .25

[14:21] {cipher} out .39

[14:24] {thomcbell} was that a trigger there on bbry at 14.29 break Sensai?

01[14:24] {Threei}  ?

01[14:24] {Threei}  we had one at .35 break

[14:25] {dptl} jcp .20 short?

01[14:25] {Threei}  13:38] {Threei} Short Setup: BBRY .35 break

01[14:25] {Threei}  [13:38] {Threei} If holds .45

[14:25] {thomcbell} ok gotcha - it looks like a whole lot of nothing on bbry 

[14:25] {Will49} just powerful wishful thinking on my part

[14:26] {Will49} i'll try to move it again

01[14:26] {Threei}  JCP, not sure yet... could be on the last hour

[14:28] {backman} would you trail BBRY to BE?

[14:28] {dino} boil, ugaz, ung drop

01[14:29] {Threei}  b/e, no... .41, yes

[14:29] {nemo} finnies spy and iwm coming into trend line, 

[14:30] {backman} thanx

[14:30] {nemo} nanananananananananana BACKMAN!!!

[14:30] {nemo} dude..you gotta change your nick

[14:30] {backman} ROBIN!!!!!....keep bobbing

[14:31] {nemo} oh, they were gay?!

[14:31] {jdetente} oh boy lol

[14:31] {backman} still r

[14:32] {jdetente} http://img607.imageshack.us/img607/9383/tagd.jpg

[14:43] {cipher} IBM L .96

[14:48] {backman} I got my first "Nigerian oil" scam email in years....setting is now Austrailia

[14:48] {nemo} http://bit.ly/10djAXF

01[14:48] {Threei}  I would feel very much neglected if I were you

01[14:48] {Threei}  2-3 a week here

[14:49] {cipher} out IBM .00 +.04

[14:50] {dino} tsla spike

[14:51] {cipher} TSLA S .94

[14:52] {_littleal} Nemo where do I apply for a job like that?

[14:54] {cipher} cov TSLA .84 +.10

[14:55] {backman} thanx, all....early dinner plans...good luck with the rest of it

01[14:55] {Threei}  take care backman

[14:55] {dino} cya bman

[14:55] {Will49} be good bman

[15:00] {dino} tsla again

[15:02] {Les} GDX looks like weakening

[15:02] {Les} short .70 holding .75?

01[15:02] {Threei}  [TSLA] CEO Musk indicates on twitter that there will be an 'exciting announcement' on Thursday- Musk comments he is "putting his money where his mouth is"

[15:03] {Les} LoL must be true. wait, let me buy some TSLA...

01[15:03] {Threei}  can't tell GDX

[15:03] {_littleal} Who would buy a Tesla car?

[15:05] {Will49} would i need to trade in my Toyota Yaris?

01[15:07] {Threei}  it's a real car? I thought it was a promotional toy by Toyota

[15:07] {Les} nah you can donate that as a highway lane divider will

[15:08] {Will49} :)

[15:11] {dino} unfi sm l .95

[15:13] {dino} mgln drop

01[15:14] {Threei} Short Setup: JPM  .40 break

01[15:14] {Threei}  If holds  .50 

[15:18] {dino} mgln, contract loss

01[15:24] {Threei}  1:1

[15:24] {Les} ty sir

01[15:25] {Threei}  yw

[15:27] {dino} out unfi .08, +.13

[15:27] {dino} back in 15 min.

01[15:29] {Threei} Long Setup:  GDX  .80 break

[15:43] {nemo} looks like they want the weekly pivots

01[15:45] {Threei}  Invalidated  

[15:56] {nemo} SPy at weekl, IWM almost there, and finnies just a tad behind

01[15:57] {Threei}  OK guys thank you all

01[15:57] {Threei}  have a great evening

[15:57] {Les} cheers

[15:57] {Will49} have a good night everyone

01[15:57] {Threei}  btw, remember this is a short week

[15:57] {dino} oak drop

01[15:57] {Threei}  see you tomorrow

[16:00] {dino} gn all