Wednesday, May 8, 2013

May 08 2013

Some days are not meant to be. Setups work in one case out of 4, and most of those that work are just scalps. Some days you are bug; tomorrow we will be a windshield again. 


Session Time: Wed May 08 00:00:00 2013
[03:35] {KSystems} GM
[05:26] {KSystems} l GCLM3 95.61 stp 95.52 tgt 95.70
[05:38] {KSystems} out GCLM3 95.52 (-0.09)
[05:59] {KSystems} l 6EM3 131.28 stp 131.06 tgt 131.50
[06:14] {KSystems} out 6EM3 131.50 (+0.22)
[06:31] {KSystems} l GCLM3 95.53 stp 95.43 tgt 95.63
[07:40] {KSystems} s GCLM3 95.53 stp 95.66 tgt 95.40
[08:24] {thomcbell} ddd - stock issue
[09:01] {nemo} Oh oh, I see I haven't missed all the morning niceties....oy vay
[09:01] {thomcbell} fio
01[09:01] {Threei}  we agreed to keep them until you are in
[09:01] {thomcbell} must have been some pretty valuable employees
[09:01] {nemo} thanks for thinking of me Vad
[09:01] {nemo} NOT!!!
[09:01] {jdetente} oh nemo is here. Isn't it a beautiful morning!
01[09:02] {Threei}  it so is!
[09:02] {jdetente} Rainbows and unicorns!
[09:02] {nemo} Yeah, I didn't sleep much, so I drove into Boston to mug the drunks
01[09:02] {Threei}  and vodka?
[09:02] {nemo} thanks for reminding me vad
[09:02] {stevw} that's how you see unicorns
01[09:03] {Threei}  well, I am trying to siften the shocks
01[09:03] {Threei}  soften
[09:03] {nemo} I used to go practice my sucker punches at the school for the blind
01[09:03] {Threei}  I mean, nemo riding the unicorn under the rainbow... and without bottle of vpfka in hand?
[09:04] {jdetente} I think there's a bottle of vodka at the end of the rainbow
[09:04] {stevw} to borrow a youthful phrase - omg!
01[09:04] {Threei}  lol
[09:06] {nemo} omg...we're down over $.30!!!...it's a frickin' depression
[09:07] {dino} gm
01[09:07] {Threei}  dino :)
[09:08] {dino} value added research, jefferies raises cvlt to 74. stock is at 76
[09:09] {nemo} wow 250 gig SSD for $160
[09:11] {RonS} hi y'all
01[09:12] {Threei}  ron :)
[09:15] {patel} good morning
01[09:16] {Threei}  patel :)
[09:16] {nemo} kneecap
[09:17] {backman} gm
01[09:17] {Threei}  bman :)
[09:17] {backman} can we plz have a revenge short on CAT? :=)
[09:17] {stevw} dr. nemo, not captain nemo?
[09:17] {ese} gm
01[09:17] {Threei}  ese :)
01[09:18] {Threei}  is it me or this mother day gift suggestion sounds a wee bit dirty? http://goo.gl/Ybtl7
[09:18] {nemo} I'm impressed stevw..now go get psychiatric help immediately
01[09:18] {Threei}  revenge short?
[09:18] {nemo} too funny, IWM and SPY bounce right at today's pivot point
[09:18] {RonS} ese, think PF needs to go on your watchlist for a breakout...
[09:18] {nemo} as does fas
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:22] {Alexs} gm
01[09:22] {Threei}  alex :)
[09:22] {Les} morning
[09:22] {Les} piss off Nemo
01[09:22] {Threei}  les :)
[09:23] {nemo} ty
[09:23] {Les} always here for ya
01[09:23] {Threei}  he can't, he is riding a unicorn
[09:23] {ese} tks ron will do......held iqnt overnight......was hoping for a push up today....no such luck am gonna exit at open and look eslewhere
[09:23] {nemo} killed it
[09:23] {Les} bunnies, unicorns, what next?
[09:23] {dptl} gm
01[09:23] {Threei}  rainbows
01[09:23] {Threei}  dp :)
01[09:23] {Threei}  morning dew drops on the rose petals
[09:24] {nemo} I prefer the thorns and poison ivy, venus fly traps, pitcher plants
01[09:25] {Threei}  it's not about what you prefer anymore... we decided to make you a kind and gentle man
[09:25] {ese} lol
[09:26] {Les} civilise the beast eh? Not sure about that
[09:26] {nemo} Thank Barack
[09:26] {cipher} gm
[09:26] {nemo} turn me into a lefty...I doubt it
01[09:26] {Threei}  cipher :)
01[09:26] {Threei}  well, we don't go this far
[09:27] {nemo} I'm doing God's work
[09:27] {Will49} that stopped the discussion
[09:30] {ese} maybe the best line of the year...."doing gods work" ?  lol
[09:30] {nemo} yeah, helping souls transition
[09:30] {jdetente} lol
[09:30] {nemo} maybe they don't want to go when I send them, but I know better
01[09:30] {Threei} Short Setup: C  48 break
01[09:31] {Threei}  If holds  .10
01[09:34] {Threei}  let's trail to .06
[09:35] {dino} fio sm l .00
[09:36] {jdetente} .01 from .90. Grrr.
01[09:36] {Threei}  out
01[09:36] {Threei}  yeah
[09:37] {cipher} INCY L.54
[09:38] {cipher} CRUS L .65
01[09:38] {Threei} Short Setup: GDX  .30 break
[09:39] {ese} out iqnt .4916 +.03 on 2k.........ahhhhhhh  what can ya do eh
[09:39] {cipher} Z L.72
[09:39] {ese} ya win some ya loose some
[09:39] {cipher} out Z .19 +.44
[09:39] {nemo} ddd halted
[09:39] {nemo} vclk short
[09:40] {cipher} CRUS stopped .69 +.04
[09:40] {nemo} nope, didn't break 26
[09:41] {dino} z sm l .57 wide
01[09:41] {Threei} Long Setup:  CAT  .30 break hl
01[09:41] {Threei}  yeah right
[09:42] {ese} just lookin at vclk nemo
[09:42] {Les} was dialling down shares to grab a little higher but too late
[09:42] {cipher} LBTYK L.58
[09:42] {ese} cut to mrkt perform.............thats it?
[09:42] {cipher} LBTYA L.80
[09:42] {Les} yeh VCLK 2 way watched it
[09:42] {cipher} out INCY .71 +.17
[09:42] {Les} nuts
[09:42] {ese} l vclk .44
[09:43] {Les} cipher jacked your account has he ese?
[09:43] {ese} out vclk .56 +.12
[09:43] {Les} nice
[09:43] {ese} tks
01[09:43] {Threei}  sheesh CAT
[09:44] {Les} .35 ain't so expensive now...
[09:44] {nemo} pre market was the pullback
[09:44] {ese} ya press a button....and then ya press a button and ya make money........great work if you can get it
[09:44] {ese} out too soon
[09:45] {Will49} waht about the beads of blood that break out on my forhead?
[09:45] {Les} VAd, I found the author of your email from yesterday.
[09:45] {cipher} out LBTYA .98 +.18
[09:45] {Les} It's gotta be ese
[09:45] {ese} lol
[09:45] {Les} ask vad later
[09:45] {cipher} out LBTYK .79 +.21
01[09:46] {Threei} Short Setup: CAT  .75 break hl
01[09:47] {Threei}  If holds  .85
01[09:47] {Threei}  change to .80 break
01[09:48] {Threei}  If holds  .90
01[09:49] {Threei}  1:1
[09:50] {ese} fslr just going nuts these days.........thats another one on my hit list
01[09:50] {Threei}  that's all?
[09:50] {jdetente} thought there was a 1:2 in CAT...oh well
01[09:51] {Threei} Short Setup: GDX  .45 break
01[09:51] {Threei}  If holds  .53
[09:51] {ese} so far
[09:52] {ese} sheesh...........just back from Denmark and Memphis........gotta go at this slow
[09:52] {cipher} Z L.64
01[09:52] {Threei}  Invalidated
[09:53] {ese} l fslr .75
[09:53] {Les} definitely divergence between slw and gdx
[09:53] {ese} nice....an even number for a change
01[09:53] {Threei}  I was talking to CAT, ese... lol
[09:53] {backman} that CAT rinse at the open was the revenge short i had in mind :=)
[09:54] {ese} out fslr .88 +.13
01[09:54] {Threei}  wasn't really a trade you can read or even execute safely
[09:54] {backman} i believe u
[09:54] {ese} oh ya sure!!!!! ya bastard.......as soon as i exit...it shoots up......thats twice today
[09:55] {ese} i don't like your game vad...........
[09:55] {cipher} out Z .40 +.76
[09:55] {Will49} nice
[09:55] {Les} slw .90 short holding 24?
[09:56] {ese} whoa....nice one C
01[09:57] {Threei} Short Setup: GDX  .50 break
01[09:57] {Threei}  If holds  .56
[09:58] {cipher} ISIS L .04
[09:59] {ese} l ga .59
[10:00] {cipher} out ISIS .29 +.25
01[10:00] {Threei}  1:1
[10:00] {ese} out ga .67 +.09
[10:01] {ese} opps +.08........excuse me
[10:02] {nemo} I would say the central banks have firm control of the markets
01[10:03] {Threei} Short Setup: CAT  .90 break hl
01[10:04] {Threei}  If holds  90
[10:04] {Les} 2 way?
[10:04] {nemo} algo purely green, not one red stock
01[10:04] {Threei}  no, won't go long
[10:04] {cipher} CLMT L .02
[10:05] {backman} sto[ 90.01?
01[10:05] {Threei}  yes
[10:06] {Les} well when we hear talking heads speak of "new plateau" in equity markets you know its time to walk Nemo
[10:07] {nemo} no, you don't know anything
[10:07] {nemo} DIS here
[10:08] {nemo} long probably, wht 64.80 next level
[10:08] {Les} I know history old man
[10:08] {nemo} doesn't mean you know how to apply it
[10:09] {Les} I pay somebody else for that
[10:09] {Les} heck I'm here for kicks and giggles
[10:11] {cipher} Z L.95
[10:11] {Les} DIS .90 short?
[10:11] {nemo} next support is .80, how's your R/R
[10:11] {cipher} Z stopped .91 -.04
[10:12] {Les} no idea. no FSC. no indicators
[10:12] {nemo} look at your chart
[10:12] {cipher} rprx l .27
01[10:12] {Threei}  DIS, nah
[10:12] {nemo} 64.80 support
[10:13] {Les} forgot I could pull these trade screens timeframes out. used to having 1 min only. see it
01[10:13] {Threei}  give up CAT
[10:13] {nemo} you bred, didn't you?
[10:13] {nemo} please tell me you adopted
[10:14] {cipher} out CLMT .35 +.33
[10:15] {jdetente} this for CAT http://www.youtube.com/watch?v=3HUGeA2lur4
[10:15] {Les} 1:1 DIS
[10:16] {Les} stripped off excess screens to work purely with price and vol. Need to make greater use of trade station now
[10:16] {cipher} out RPRX .32 +.07
[10:16] {nemo} you need to make greater use of cyanide
[10:17] {Les} you need to zip it
[10:17] {nemo} ow
01[10:18] {Threei}  yuck
[10:18] {jdetente} wtf CAT
[10:18] {Les} http://www.youtube.com/watch?v=fK8mneO8yvU
[10:19] {cipher} lnco drop
[10:19] {cipher} LNCO L .27
[10:20] {backman} now is when cat it'll puke...after choking the shrorts.....
[10:21] {cipher} out LNCO .44 +.17
[10:23] {Les} DIS 1:3
[10:24] {jdetente} nice one Les
[10:24] {nemo} dis looks bounce ready
[10:25] {nemo} yeah volumen here
[10:25] {ese} anyone know what the news pending on ddd is
[10:25] {nemo} they have to get an FFL
[10:26] {ese} whats an ffl
[10:27] {ese} or should i not ask
[10:27] {nemo} joke...Federal Firearms License, because 3d printers can make guns
01[10:27] {Threei}  disgusting rinse CAT
[10:27] {jdetente} a rinse with extreme prejudice
[10:27] {ese} ah
[10:29] {nemo} dis .65 break
[10:29] {nemo} stop under .56
[10:29] {nemo} this could be a shake with a drop to .50
[10:29] {dino} axll drop
[10:30] {cipher} axll l.51
[10:30] {cipher} out .77
[10:30] {cipher} thx dino
[10:32] {Les} RIG short 55 holding .10?
01[10:33] {Threei}  you really see a setup here?
[10:33] {nemo} nope
01[10:33] {Threei}  name it
[10:33] {nemo} seller .64 ebay
[10:33] {Les} it's messy, but with some consolidation close to trigger?
[10:33] {nemo} Psyllocibin setup
[10:34] {nemo} dis has a .64 seller also
[10:34] {Les} never mind
01[10:34] {Threei}  I see no slightest sign of consolidation
[10:34] {nemo} jumped my bid
[10:35] {nemo} if you got dis, probably good to 65
[10:35] {Les} FDX at $100 resistance
[10:35] {jdetente} got some Nemo...maybe second chance here
[10:36] {nemo} make your stop the bottom of the BBs
[10:36] {nemo} that doji likely key
01[10:37] {Threei} Short Setup: C  .60 break
[10:37] {cipher} INFI L.57
01[10:37] {Threei}  If holds  .70
[10:37] {cipher} out ..86 +.29
[10:39] {jdetente} 1:1 DIS
[10:39] {jdetente} 1:2
[10:40] {Les} nice catch. paper traded .70 long
[10:40] {nemo} I'm taking a partial here
[10:42] {jdetente} I did too holding last bit stop to .74
01[10:45] {Threei}  come on
01[10:45] {Threei}  1 cent to 1:1 again?
[10:45] {jdetente} C ticking me off today
01[10:45] {Threei}  sigh
[10:45] {Les} JPM gunning for .50
[10:45] {Will49} Well....this is no fun
[10:46] {Les} $50
[10:46] {nemo} one could make an argument for adding to dis over .90
[10:46] {nemo} stop under .80
[10:46] {cipher} FEIC L.99
[10:47] {nemo} looking for shrot setup in mnst
[10:48] {jdetente} 1:3
[10:48] {nemo} 65.10 target
[10:48] {nemo} dis, that is
[10:51] {ese} L rdn ..02 L bx .55
[10:51] {cipher} out FEIC .15 +.16
[10:52] {cipher} FAST L.21
[10:54] {jdetente} out DIS on trail. Thanks Nemo
[10:55] {jdetente} makes up for disgust with C
[10:55] {Les} JPM .85 cross for 50 dollar target?
[10:55] {Les} hlding .80?
[10:56] {Les} not sure if finnies have got another leg in em, but 50 is close for JPM
01[10:57] {Threei}  it may very well go theree, but this is not the reason for a trade
01[10:57] {Threei}  tell me what kind of setup is that?
[10:57] {cipher} FAST stopped .16 -.05
[10:58] {nemo} hum long here above .80
[10:59] {Les} not a setup inyour book
[10:59] {nemo} hum nope
01[11:00] {Threei}  so you suggest that I just guess? :)
[11:00] {ese} hmmmmmm am gonna have to endure some longer consolidations with rdn an bx than i figured
[11:01] {Les} so better to wait new consolidation...
[11:01] {nemo} heheheh...dis forming c&h
[11:02] {nemo} but, that 65 area becoming strong resistance
[11:03] {ese} vad...comment please...with rdn i was trying to employ a strategy from your chart patterns where the higher low is inside the BB Band after a decline....wondering if the decline should be sharper
[11:03] {ese} 1 min chart
01[11:05] {Threei}  what's the entry?
[11:05] {nemo} Oh Vad, this is so you:  http://goo.gl/8VTch
[11:06] {dptl} lol
[11:06] {ese} was going after .00 after the long bar at 10:49....missed it
[11:06] {ese} got .02
[11:06] {stevw} FB inverse c&h near lod
[11:07] {cipher} THRX L .55
01[11:07] {Threei}  with stop under .90... chart wise looks right, entry wise I'd prefer around .95
[11:07] {ese} ok tks
01[11:07] {Threei}  you are so behind times nemo... I posted this on my FB two weeks ago
[11:08] {nemo} sorry
[11:08] {nemo} should I post the one about ridding the world of Ukranians?
[11:08] {ese} how about the decline....should it have been sharper.....more chance of short covering
[11:09] {ese} ?
[11:10] {stevw} FB invalidated
01[11:10] {Threei}  depends on what kind of trade you are going for... 20-30 cents drop is fine if you aim for 10-20 cents trade... bot if we are talking a swing trade for a dollar or more
01[11:10] {Threei}  bot = not
[11:11] {Les} FAS at highs, JPM too... DT or breakout
[11:11] {ese} ya that was pretty much it.10 to .20....not swing
[11:13] {ese} have watched a few of these lately........i like the feel of them
[11:13] {cipher} infi drop
[11:16] {nemo} kors looks short
[11:17] {cipher} INFI L .30
[11:18] {nemo} .65 break stop .71ish
[11:19] {nemo} looking for test of 57
[11:20] {nemo} nice little stop hunt on kors, likely going lower
[11:22] {RonS} took infi .35 to .65 +.30  thanks c
[11:22] {dino} me too cipher, ty
[11:22] {nemo} cam looks short, but a little low volume
[11:23] {nemo} .30 break
01[11:25] {Threei}  DDD: D Systems Says Expecting to Price Offering After Market Close on May 9th"
[11:25] {nemo} cam been weak today, if market comes in this should easily test 64ish
[11:25] {nemo} kors going well, looking to hold until 57
01[11:25] {Threei} Long Setup:  TNA  .50 break
01[11:26] {Threei}  If holds  .40
[11:26] {jdetente} thanks for KORS Nemo...out at .27
[11:27] {dino} ese blood
[11:27] {RonS} did he bang his head on keyboard?
[11:28] {cipher} out THRX .70 +.15
[11:28] {dino} ol ron, symbol
[11:29] {nemo} ddd open
[11:29] {ese} rdn stopped
01[11:30] {Threei} Long Setup:  CAT  .70 break hl
01[11:30] {Threei}  If holds  .60
01[11:31] {Threei}  Invalidated
[11:31] {Les} Nemo what DIS saying to you here
[11:31] {nemo} Nemo you're an asshole!
[11:31] {Les} apart from that
01[11:31] {Threei}  lol
[11:31] {Les} this we know
[11:31] {jdetente} out half CAM
[11:31] {nemo} takes one and all that
01[11:31] {Threei}  DIS is master of the obvious
[11:31] {nemo} look to short this .05 level, but lunch time
[11:32] {backman} CAT;;; did you mean 60 if it holds 50?
01[11:33] {Threei}  not at the moment
[11:33] {cipher} DDD L.59
01[11:33] {Threei}  but this setuo might be coming now
01[11:33] {Threei}  SPY weakens though
[11:33] {jdetente} what's going on today...all of Nemo's trades working like charm?
[11:33] {cipher} out DDD .99 +.40
[11:34] {jdetente} hehe thanks Nemo. I kid.
[11:34] {nemo} cipher six-gun, fastest man in the west
[11:34] {nemo} chicken sacrifices
[11:34] {jdetente} figured some sort of voodoo going on
[11:35] {jdetente} DIS going to hit your goal looks like
[11:35] {nemo} it could actually keep going...hiqh quality stock, and even the detritus is being bought in this market
[11:35] {cipher} INFI could get squeezed if it gets above .70
[11:36] {nemo} yeah
[11:37] {nemo} hey cipher, they may want to test the 200 day on infi
[11:37] {nemo} look for short setup too
[11:37] {cipher} k
[11:37] {nemo} but long could work to 33.40 to 33.70 before it heads south
01[11:38] {Threei}  frikin CAT
01[11:38] {Threei}  got away
[11:38] {nemo} try chasing rabbits
01[11:38] {Threei}  ok TNA... you better work, or will have to eat someone's keyboard
01[11:39] {Threei}  1:1
[11:39] {nemo} when spy pops
[11:39] {stevw} bacon and keyboards is not a great diet, vad
01[11:39] {Threei}  no but what can I do
[11:39] {nemo} 65.30 next test for DIS
01[11:39] {Threei}  bacon I love and keyboards I have to
[11:40] {stevw} and vodka? love or have to?
01[11:40] {Threei}  depends
[11:40] {nemo} poured myself another shot and forgot about it
[11:43] {jdetente} CAM 1:2
[11:47] {nemo} fas gonna' pop at the trend line
[11:47] {nemo} 64.20ish is pretty good resistance
[11:51] {nemo} infi teasing on long and short side..bitch
[11:52] {jdetente} out CAM thanks Nemo (again)
[11:52] {nemo} send check
[11:52] {jdetente} made out to bunny?
[11:52] {nemo} Redux
[11:52] {nemo} my affinity for rabbits probably messes up my reputation
[11:53] {nemo} Redux is smarter than Bunny
[11:53] {cipher} meli drop
[11:53] {Les} kids always are
[11:54] {Les} you'd be embarrassed if you had one now
[11:54] {nemo} ?
[11:56] {Les} redux is smarter than bunny
[11:56] {ese} L rdn .86
[11:57] {cipher} MELI L.00
01[11:59] {Threei}  ok TNA... make it to 1:2, and we may have a future together
[12:01] {jdetente} FAS worked also out 64.02
[12:01] {jdetente} I do not like this debt I'm racking up with Nemo...
01[12:02] {Threei}  he accepts liquid currency
01[12:02] {Threei}  he calls it sound money
[12:02] {jdetente} isopropyl alcohol?
01[12:02] {Threei}  he calls it that too
01[12:03] {Threei}  he has propensity for big words
[12:03] {jdetente} or maybe nyquil
01[12:03] {Threei}  after all, how often do you meet people who call a nose proboscis
[12:03] {stevw} uh, you might want to go with the ethyl alcohol
01[12:04] {Threei}  doeasn't matter stev, nemo's stomach is lined with stainless steel
[12:05] {Will49} "propensity" for big words....good one Vad
[12:05] {nemo} yes...I am predisposed to sesquipedalianism
[12:05] {Will49} good one
[12:06] {stevw} well then someone should call the cops
01[12:06] {Threei}  I knew someone would notice :)
[12:06] {nemo} and stevw is predisposed to Lesianism...that's fatal
[12:06] {stevw} ok, gonna have to look them both up now
[12:07] {nemo} while you're at it, practice omphalosskepsis
01[12:07] {Threei}  and I for a change am predisposes to omphaloskepsis
01[12:07] {Threei}  awww... he typed it forst!
[12:07] {nemo} can you see your omphalos?
[12:07] {RonS} does Les' middle name start w/ B?
01[12:08] {Threei}  lol
[12:08] {Les} god haven't heard purile shit like that since high school
[12:08] {nemo} it's puerile
[12:08] {Les} what age r we here?
[12:08] {jdetente} r?
[12:08] {jdetente} what is this text speak?
[12:09] {nemo} Les is typing with his tail
[12:09] {jdetente} 2 funny.
01[12:10] {Threei}  well, he is still doing better than I am typing with my knees, or putting swimming fins on my hands
[12:10] {nemo} don't encourage him, Vad
01[12:10] {Threei}  truth us truth
01[12:10] {Threei}  is
[12:13] {nemo} ahh, damn forgot about MPC
[12:14] {cipher} ARIA L.07
[12:15] {nemo} somebody keep an eye on ESRX to short in the .20 area
[12:15] {Les} GDX stopped at 30 resistance
[12:15] {cipher} MPC L.61
[12:16] {nemo} think that would be a scalp on the long side, likely going to 78
[12:19] {cipher} orly l .32
[12:20] {nemo} that tail makes me think MPC short here
[12:21] {cipher} orly stopped .22
[12:22] {Les} DT GDX?
[12:22] {Les} 2 way maybe
01[12:22] {Threei}  of loses .95 while holding 30
[12:23] {Les} short only?
01[12:23] {Threei}  if
01[12:23] {Threei}  I think so
[12:23] {cipher} out MPC .80 +.19 thx nemo
[12:24] {cipher} watching ORLY for entry
[12:25] {cipher} ORLY L .00
[12:27] {nemo} vxx up for last two days, must be insurance into the unemployment numbers tomorrow
[12:28] {jdetente} sounds about right
01[12:29] {Threei}  done with TNA
[12:29] {jdetente} there's that MPC drop after the scalp
[12:29] {cipher} ORLY stopped -.14
[12:29] {stevw} me too on TNA - had moved my stop to breakeven
01[12:30] {Threei}  right
[12:30] {cipher} MPC L.42
[12:31] {cipher} out .52
[12:31] {jdetente} cipher = rifleman
[12:31] {jdetente} Chuck Connor style
[12:32] {cipher} ZUMZ L .78
[12:33] {cipher} out .92
[12:35] {dptl} ETR .20 short?
01[12:35] {Threei}  hl
[12:36] {cipher} INFI trying again
[12:36] {jdetente} you still holding DIS nemo?
[12:37] {jdetente} great trade
[12:41] {cipher} TNA L.51
[12:44] {cc_9} DDD keep an eye on a $41 breakout
[12:47] {cc_9} =)
[12:47] {Les} DIS starting to spike
[12:48] {Les} ETR ty DP half covered
[12:48] {cipher} out TNA .62 +.11
[12:49] {cc_9} DDD new highs, so far so good. tgt .50
[12:51] {Les} CAT .75 short?
[12:51] {Les} if holding .85?
[12:52] {cipher} out INFI .95 +.65
01[12:53] {Threei}  .80 break aggressivem yes
01[12:53] {Threei}  .75, no
[12:53] {Les} if holding .85?
01[12:53] {Threei}  look at the chart, it bounces from the lower envelop without reaching 1:1 on such breaks
01[12:53] {Threei}  right
[12:54] {cc_9} FIO big ass curl + volume
[12:54] {cc_9} DDD out +$0.45, goes higher but don't care.
01[12:54] {Threei}  if .80 break works, then .75 break takes you to .70, enough profit from .80 but not from .75
[12:54] {Les} k
[12:58] {jdetente} CAT does not want to cooperate today in any way
[12:58] {jdetente} full moon
[12:58] {cc_9} DDD, there goes the .50 =)
[13:03] {cipher} JAZZ L.90
[13:06] {cipher} out .20 +.30
[13:07] {cc_9} anyone got a piece of NUGT today ? good lord look @ that ramp
01[13:07] {Threei}  38% Give Obama Positive Marks for Job Creation
[13:08] {cc_9} FIO still pushing
[13:09] {Alexs} I guess mostly people who don't work
01[13:09] {Threei}  *(US) TREASURY'S $24B 10-YEAR NOTE AUCTION DRAWS 1.81%; BID-TO-COVER RATIO: 2.7 V 2.68 PRIOR AND 2.59 AVG OVER THE LAST 3 AUCTIONS- Indirect bidders take 33.9% of competitive bids; 16.9% direct bidders, primary dealers take 49.25% - 94.12% allotted at the high - Median 1.774%, low 1.699%
01[13:09] {Threei}  looks like this pushed GLD
[13:15] {Les} DT GDX .40 /.45?
[13:16] {Les} gone
[13:16] {Les} .47 plutot
[13:18] {cipher} gild l.02
[13:20] {Les} GLD short interesting here
[13:20] {cipher} out GILD .21 +.19
[13:25] {cipher} GILD S .40
[13:26] {cipher} cov .45
[13:26] {cipher} GILD S .43
[13:27] {ese} hmmmm am back
[13:27] {nemo} ffiv interesting spot
[13:27] {Will49} no school ese?
[13:29] {Will49} or is that a colloquialism for being profitable?
[13:31] {cipher} meli l.50
[13:31] {cipher} out .92 +.42
[13:32] {cipher} cov GILD .35 +.08
[13:34] {Les} cover half GLD .51
[13:35] {Les} 2h .40 me out
[13:41] {nemo} can make an argument for dis short break of .90
[13:41] {nemo} R/R is iffy though
[13:46] {Les} ETR covered 1:2 ty DP
[13:46] {dptl} VLO .40 short?
[13:50] {Les} nice inverted c&h vlo
[13:51] {dptl} out half .25
[13:54] {nemo} BIDU important level on daily
01[13:54] {Threei}  so, looks like when I am habing an off day, all I need to do is shut up, and you guys find nice trades
06[13:55] * Threei contemplates retirement
[13:57] {Will49} don't retire until about 10PM
[13:57] {Will49} then you'll be rarin' to go tomorrow morning:)
[13:58] {ese} hey will....yes...i do have classes but i was on the phone to denmark again for the summer......am going now though
[13:58] {nemo} look for FAS bounce in .50-.60 area
[13:58] {ese} cyou al tomorrow
[13:58] {Will49} peace
[13:58] {Les} ciao
[13:58] {nemo} holy shit, something went below vwap...wtf
[13:58] {ese} ciao boys
01[13:59] {Threei}  take care ese
01[14:04] {Threei} Short Setup: C  .10 break
01[14:04] {Threei}  anfd if this one doesn't give us 1:3...
[14:05] {nemo} anf ?
06[14:05] * Threei looks around the room to decide whose keyboard to eat
[14:05] {nemo} vwap at 48.90 which is also R2...want some ketchup with that?
01[14:06] {Threei}  it hasn't even triggered yet
[14:06] {dptl} out a bit more .16 vlo
[14:06] {nemo} might as well be ready
[14:06] {dptl} stop .31
[14:06] {Les} just disinficted mine. it's clean
01[14:06] {Threei}  and don't talk as if VWAPs or Rs never get broken
[14:07] {Alexs} stop .15 on C?
01[14:08] {Threei}  that's too tight
01[14:08] {Threei}  standard, .20
[14:08] {Alexs} k
[14:08] {dptl} to .26 vlo
[14:08] {jdetente} "that's too tight"...there's a joke there somewhere...
[14:08] {jdetente} which I will not make
[14:08] {nemo} yeah...trying to figure out how to make it about Les
01[14:09] {Threei}  please don't
01[14:09] {Threei}  I am still not over that mother's day gift ad
[14:09] {nemo} oh, it's the old "now clap your hands" line
01[14:10] {Threei}  http://www.youtube.com/watch?v=cvMy1xOh6cw
[14:11] {jdetente} if C doesn't work this will be a sad day
[14:12] {nemo} how's the keyboard Vad?
01[14:12] {Threei}  havn't even picked one yet
[14:12] {jdetente} we have 2 cents to choose
[14:12] {nemo} eat the wireless one
[14:12] {patel} u like Wireless keyboards or wired keyboards
01[14:12] {Threei}  I really don't discriminate
[14:13] {nemo} You eat the keys separately?
[14:13] {patel} Which row u start with?
[14:13] {Will49} do i send my keyboard by UPS?
01[14:13] {Threei}  and chew thoroughly
01[14:13] {Threei}  from left upper corner of course
[14:13] {jdetente} what are you going to rinse it down with?
[14:14] {jdetente} when C hits 49 lol
[14:14] {patel} Is hte spacebar your desert?
[14:14] {patel} dessert
[14:14] {nemo} the mouse
01[14:14] {Threei}  numeric pad is dessert
[14:15] {nemo} lyb looks short here
[14:16] {nemo} especially if SPY and FAS test VWAP
[14:18] {nemo} SPY teasing the bears again
[14:24] {nemo} forgot about infi
[14:26] {dptl} all out vlo .93...+.41
01[14:26] {Threei}  see? it's dp and nemo who you should be following today
[14:26] {Will49} congrats
01[14:26] {Threei}  dismissing me like a mop from Titanic
[14:26] {dptl} :)
[14:27] {nemo} refiners are behaving like the used to...sprint higher after the first of the year, and sell off after April
01[14:27] {Threei}  all wrung dry and still uselss
[14:27] {jdetente} 1:1 LYB
[14:27] {nemo} are you talking about Les?
[14:27] {Les} nice one dp
[14:27] {Les} talking about your sex life nemo
[14:27] {nemo} oooooooooohhhhhhhhh
[14:28] {Les} :P
[14:28] {Les} watching IWM flirt with 96 here. maybe long entry to finish
[14:28] {Les} with tna
[14:29] {nemo} careful, I think spy and fas have a date with vwap today
[14:30] {Les} what levels?
[14:30] {nemo} piss off Les
[14:30] {Les} hehehe
[14:31] {Les} .00 for spy and iwm here
01[14:34] {Threei}  crrrrap
01[14:34] {Threei}  .30 vreak CAT, setup that I'd call with no hesitation on any other day
01[14:34] {Threei}  byt today trying to keep activity to minimum, I decided to skip it
01[14:35] {Threei}  Stanley Drunkenmiller: Recent selloff in commodity prices is not a 'correction', but instead the end of a supercycle
[14:36] {RonS} original...people have been saying that for a month...
01[14:37] {Threei}  well, a lot of them still refer to it as correction
01[14:37] {Threei}  especially in PMs
[14:37] {Les} watch the ozzie dollar
[14:37] {nemo} F' it...just watch the charts
[14:38] {Les} break that range been in last 12 months
[14:38] {dptl} lol ..Nemo
[14:38] {Les} seek db TNA
[14:38] {nemo} I find the Les I read or listen to the better
[14:38] {Les} ?
[14:39] {Les} oh ok
[14:39] {nemo} o.k. finnies at VWAP it's SOGOTP time
[14:39] {Les} damn .90 tna was it
[14:39] {thomcbell} i am the same after many years of reading and listening to everything nemo
[14:39] {nemo} you're just at the bottom of the range for iwm at pivot
[14:39] {nemo} I listen to the vodka bottle
01[14:39] {Threei}  it shuld give you second chance Les
01[14:40] {Threei}  watch it for revisiting the low
[14:40] {nemo} I would play fas or spy derivative here, they're running the show today
[14:42] {nemo} vxx popped BIG time
[14:42] {nemo} thought it was awful happy today
[14:42] {Les} .00 if holding .90?
[14:42] {nemo} no longs here for me, vxx something up
01[14:43] {Threei}  tes but watch SPY
[14:43] {nemo} I do...all day
01[14:43] {Threei}  not you... les
[14:43] {nemo} long setup there
[14:44] {Les} oh, I don't watch spy
[14:44] {nemo} what, checking for polyps again?
[14:45] {jdetente} LYB had more in it...too bad stopped on trail
[14:45] {Les} merde
[14:45] {nemo} having lunch are you Les?
[14:46] {Les} potential DT VXX
[14:47] {nemo} ok, important level in SPY and FAS
[14:49] {Les} vxx short term top
[14:53] {dptl} HCP .80 short?
[14:53] {nemo} support at .60
01[14:55] {Threei}  I am not sure... keep .86 stop
01[14:55] {Threei}  risk is small enough
01[14:55] {Threei}  worth a shot for that reason alone
[14:55] {dptl} k
[15:08] {Les} sm. tna entry .01
[15:08] {Les} .95 stop
01[15:09] {Threei} Short Setup: FCX  .35 break
01[15:09] {Threei}  If holds  .40
[15:10] {Les} partial .10
01[15:11] {Threei}  wtg
[15:12] {Les} needs to make 1:2 to make me happy
01[15:13] {Threei}  you are easy to please, aren;t you
01[15:14] {Threei}  Invalidated
[15:17] {Will49} gotta run....see you guys tomorrow
[15:17] {Les} cheers
01[15:17] {Threei}  take care will
[15:18] {Les} 1:2
01[15:18] {Threei}  OCN
01[15:18] {Threei}  dino, cipher
[15:18] {Les} 1:3 my ass is out
01[15:18] {Threei}  getting hyped by Eisman
[15:19] {Les} slowly learning some wu wei
[15:19] {Les} and it pays
01[15:19] {Threei}  it sure does
[15:20] {stevw} son of a ... was looking at possible long entry on TNA when bam!
[15:21] {patel} We in anything.
[15:21] {nemo} [14:48] {nemo} ok, important level in SPY and FAS
01[15:21] {Threei}  no... les just closed TNA at 1:3
[15:21] {Les} disconnected two screens so only price, vol. and bb's until I'm happy with my progress
01[15:21] {Threei} Short Setup: FCX  .45 break
01[15:22] {Threei}  If holds  .50
01[15:22] {Threei}  HCP 1:1 finally
[15:23] {dptl} ye..out half
[15:25] {dptl} let me bid .61 for last part
[15:27] {jdetente} FCX printed .51... still taking this Vad?
01[15:27] {Threei}  yes
01[15:28] {Threei}  I mean at this point it's just about whether keyboard is crunchy or extra-crunchy, tight?
[15:28] {Les} hehehe
[15:29] {Les} bacon and vodka'll fix the flavour
[15:29] {dptl} ye just marinated it over night Vad :)
[15:30] {Les} hmmmm chinese pork rib marinade
[15:31] {RonS} ...fished from the Shanghai river...
[15:31] {backman} FCX still valid
[15:31] {nemo} amazing how we finish at or close to highs every day
[15:32] {nemo} unemployment report should pop us close to 165 tmorrow
01[15:33] {Threei}  yes bman
01[15:33] {Threei}  as long as you don't mind 6 cents stop
[15:33] {nemo} http://bit.ly/144eaB2
01[15:33] {Threei}  I for one just decided to criss-cross this day out of the calendar
01[15:34] {Threei}  and wake up tomorrow saying "huh, how did I go to Thu from Tue"
[15:34] {nemo} vodka
[15:34] {backman} i live for them
[15:34] {dptl} then your Christmas will come earlier Vad
01[15:34] {Threei}  hmmm...
01[15:35] {Threei}  let's just not skip summer :)
01[15:35] {Threei}  a lot of shishkebabs to eat
[15:35] {dptl} mm...
[15:35] {Les} http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04-2/20130507_SPX1.jpg
[15:35] {dptl} ;
[15:35] {dptl} :)
01[15:36] {Threei}  ok FCX
01[15:36] {Threei}  die
01[15:36] {Threei}  just die, no one needs copper anymore
[15:36] {stevw} other than to replace keyboards
01[15:36] {Threei}  it's all wireless now
01[15:37] {Threei}  (US) Treasury Sec Lew: Sequestration program lowers GDP by more than 0.5%
01[15:37] {Threei}  idiot
[15:37] {nemo} that's a crock
[15:38] {dptl} hmm...i got my .61 HCP...thank you unknown seller :)
[15:39] {thomcbell} ddd hehe
[15:40] {stevw} wow!
[15:41] {dptl} when is mothers day? next sunday?
[15:41] {stevw} yes
[15:41] {thomcbell} this sunday
[15:41] {dptl} ok ty
[15:42] {stevw} 12th
01[15:42] {Threei}  paddling, dp, paddling
[15:42] {dptl} :)
01[15:42] {Threei}  http://goo.gl/Ybtl7
[15:43] {dptl} lol
[15:44] {dptl} ok..good night all see ya tomorrow
01[15:44] {Threei}  you too
01[15:45] {Threei}  FCX, you have 10 more min to die
01[15:53] {Threei}  well?
01[15:53] {Threei}  3 cents more?
[15:55] {nemo} here comes the push to get iwm to the highs
[15:56] {nemo} good unemployment number tomorrow, we see 164.20 first then 165
[15:56] {jdetente} DDD taking off
01[15:57] {Threei}  2 min FCX
01[15:57] {Threei}  hurry up
01[15:57] {Threei}  hurry down I mean
[15:58] {Les} coer +.05 ty
01[15:58] {Threei}  OK, whatever... I am taking my 6 cents
[15:58] {jdetente} taking .39
01[15:58] {Threei}  just crunchy
[15:59] {stevw} yeah, settled for it at .39
01[15:59] {Threei}  thank you asll, we will get them tomorrow
[15:59] {Les} cheers
01[15:59] {Threei}  have a good evening
[15:59] {jdetente} must I say it...Nemo saves the day??
[15:59] {stevw} thanks and g'night
[15:59] {backman} note all
[15:59] {jdetente} thanks Vad (and Nemo)
[15:59] {backman} rather, night
01[15:59] {Threei}  :)

Tuesday, May 7, 2013

May 07 2013

Another day in the office - solidly profitable with a few 1:3ers and very few well-controlled stops.



Session Time: Tue May 07 00:00:00 2013
[04:21] {KSystems} s GGCM3 1460.2 stp 1461.5 tgt 1460.2
[04:31] {KSystems} out GGCM3 1458.9 (+1.3)
[05:50] {KSystems} l GCLM3 95.57 stp 95.51 tgt 95.63
[05:56] {KSystems} out GCLM3 95.63 (+0.06)
[06:56] {KSystems} l GCLM3 95.68 stp 95.57 tgt 95.79
[07:06] {KSystems} out GCLM3 95.68 (0)
[07:06] {KSystems} s GCLM3 95.68 stp 95.79 tgt 95.57
[08:44] {KSystems} stopped GCLM3 95.79 (-0.11)
[08:53] {patel} GM
01[08:53] {Threei}  patel :)
[08:58] {stevw} g'mornin
01[08:58] {Threei}  stev :)
[08:59] {stevw} did my post-market reflection and pre-market meditation - no repeating yesterday's recklessness
[09:01] {backman} gm
01[09:01] {Threei}  backman :)
[09:02] {dino} gm
[09:03] {dino} stevw, does that meditation invlove alcohol?
[09:03] {stevw} no such treats were earned by me yesterday
01[09:04] {Threei}  dino :)
[09:09] {Les} morning, ya bunch o' /&%ç3
01[09:10] {Threei}  les :)
[09:12] {backman} yup, missed u 2 Les
[09:13] {Les} vad, going over the OSTK trade yesterday, would you agree that being on the right side of that little pump to .78, with a .65 - .80 setup would have been acceptable after 14:45?
01[09:14] {Threei}  gosh... I don't know
01[09:14] {Threei}  I need to have a trade in front of me, not in yesterday which I remember very vaguely
[09:14] {Les} k
[09:16] {jdetente} good morning all
01[09:17] {Threei}  jd :)
[09:19] {dptl} gm
[09:19] {nemo} debateable
01[09:19] {Threei}  dp :)
[09:19] {Will49} gm
[09:19] {cipher} gm
01[09:19] {Threei}  will, cipher :)
[09:20] {RonS} gm fiat
[09:20] {nemo} I definitely logged in at the wrong time
[09:20] {Will49} don't you like Ron?
01[09:20] {Threei}  ron :)
[09:20] {Les} piss off bunny boy
[09:20] {Les} there, u feel better?
[09:21] {nemo} a bit
[09:21] {nemo} kinda' hard to repair all the damage that quickly
[09:21] {Will49} whoa...off to a roarin' start
[09:21] {stevw} ahhh, feel the love!
[09:21] {Les} curious as to the colour scheme on yer little bunny
[09:21] {Les} this rust colour, or so it looks in the photo
[09:21] {nemo} I sent you a picture
01[09:22] {Threei}  John Paulson's gold fund said to be down 47% YTD and 27% in April
[09:22] {Les} sorta woodland colours your part of the US has right now?
[09:22] {nemo} yeah
[09:22] {Les} sharks circling Paulson et al.
[09:23] {Les} i guess that'd be similar to here. the dry leaves of last autumn drop only late in winter
[09:23] {nemo} in the heavy foliage, they're hidden anyway.  Their coloring lends itself to the fall and winter when the leaves drop
[09:24] {Les} ok, so they're not changing colour in winter?
[09:24] {dino} isn't paulson the guy who shorted mbs and made a billion?
[09:24] {ese} gm
[09:24] {nemo} no, pretty much the same color scheme
[09:24] {Les} yeh thats him
[09:24] {nemo} he made 12 billion I believe
01[09:24] {Threei}  yes dino
01[09:24] {Threei}  ese :)
01[09:24] {Threei}  Eurogroup chief Dijsselbloem commented that EU must not waiver on commitment for sound public finances and that a clear hierarchy was needed for creditor bail-in.
01[09:25] {Threei}  oh, so it's not "one time event, and not a template" anymore?
[09:25] {nemo} finnies popped again today, must be more news coming out
01[09:26] {Threei}  GDX... wait for us
[09:28] {Alexs} gm
01[09:28] {Threei}  alex :)
01[09:30] {Threei} Short Setup: GDX  .10 break
01[09:30] {Threei}  If holds  .20
[09:31] {thomcbell} long setup gnw 10.80 break
[09:31] {thomcbell} if holding 10.76
01[09:32] {Threei}  let's trail to .16
[09:32] {thomcbell} ddd - hehe
[09:32] {nemo} wow
[09:32] {nemo} wtf
[09:32] {nemo} didn't they have good results?
01[09:32] {Threei}  out
[09:33] {thomcbell} gnw trying to break out in daily time frame
[09:33] {thomcbell} gnw 1:1
[09:34] {thomcbell} long setup mov 30.05 break if holding 29.95
[09:37] {cipher} amba l .99
01[09:37] {Threei} Short Setup: SLW  .90 break
01[09:37] {Threei}  If holds  .95
[09:38] {thomcbell} mov 1:1 for a mini second
[09:38] {jdetente} got bumped from the board. what was the call Vad?
01[09:38] {Threei}  1:1
01[09:38] {Threei}  SLW, jd
[09:38] {jdetente} nevermind ha
[09:40] {cipher} infi l.79
01[09:40] {Threei} Long Setup:  C  .10 break
01[09:41] {Threei}  If holds  .05
01[09:41] {Threei}  Invalidated
[09:42] {thomcbell} mov stopped
[09:43] {cipher} out infi .86 +.07
01[09:43] {Threei} Short Setup: GDX  .20 break
01[09:43] {Threei}  If holds  .25
[09:43] {cipher} infi l .31
[09:44] {dino} rkus sm l .70, stop .48
[09:45] {thomcbell} gnw stop to 10.84 on balance
[09:47] {dino} line sm l .01 stop lod
[09:48] {thomcbell} flat gnw
[09:49] {dino} rkus stop
01[09:49] {Threei}  1:1
[09:51] {cipher} soda l .34
01[09:51] {Threei}  SODA Weakness attributed to vague chatter Einhorn could reveal it as one of his short ideas at Ira Sohn conf tomorrow
[09:55] {backman} jpm heading back to morning lows
01[09:57] {Threei}  1:2
[09:58] {RonS} sm l bbry .02
01[09:58] {Threei} Short Setup: CAT  .90 break hl
01[09:58] {Threei}  If holds  89
[09:59] {nemo} I have it going to 89.60 area
01[09:59] {Threei}  change to 89 break
01[09:59] {Threei}  *(US) MAY IBD/TIPP ECONOMIC OPTIMISM: 45.1 V 47.5E
01[09:59] {Threei}  Invalidated
[10:00] {nemo} bfd
[10:00] {nemo} we're going up
[10:00] {thomcbell} chuy getting smoked
01[10:00] {Threei}  depends on the market nemo... in bear one this would be end of the worls... in bull one no one blinks'
01[10:01] {Threei} Short Setup: CAT  89 break hl
01[10:01] {Threei}  If holds  .10
[10:01] {ese} gnrc looks like a good one dino
[10:02] {Les} CAT qualify as DT?
[10:03] {nemo} huh?
01[10:03] {Threei}  GDX 1:3, out
[10:03] {Les} cover GDX .91 ty
[10:03] {dptl} out last gdx .91 ty
[10:03] {nemo} you got the DTs perhaps, that's about it
[10:03] {dino} thx
[10:03] {Les} why I ask, those 2 candles, does that qualify as DT?
01[10:04] {Threei}  nah
[10:04] {Les} k
[10:04] {dino} gnrc offering 9 m sh
[10:05] {thomcbell} seemingly endless original investors like kors
[10:05] {dino} chuy sm l .09
[10:06] {jdetente} out last piece GDX 1:4. Thanks Vad
01[10:06] {Threei}  wow GDX had more in it
01[10:06] {Threei}  wtg
[10:07] {Will49} tks Vad..both SLW and GDX trades great
01[10:07] {Threei}  yw
[10:07] {jdetente} now CAT just needs to be hit over head with 2x4
01[10:07] {Threei}  SPY drops
01[10:08] {Threei}  CAT holds... barely, but
[10:08] {dino} tbell, ty chuy out .54, +.45
01[10:09] {Threei}  1:1
[10:09] {jdetente} there we go kitty
[10:09] {thomcbell} great dino
01[10:12] {Threei}  what the deuce
01[10:12] {Threei}  1:2
01[10:12] {Threei}  but what's with SPY
[10:13] {Les} banksters were suggesting a distribution day at open. might get it yet
01[10:14] {Threei}  1:3, out
[10:14] {Will49} tks Vad...super start
01[10:14] {Threei}  :)
01[10:15] {Threei}  too soon again
[10:15] {Will49} greedy, greedy :)
[10:15] {jdetente} thanks Vad
[10:15] {thomcbell} ur doing just fine Vad
01[10:15] {Threei}  lol tbell
01[10:15] {Threei}  thanks for the pep talk
[10:16] {nemo} iwm spy fas looking for long setups here
[10:16] {Will49} just trying to keep your wild russian emotions in check Vad :)
01[10:16] {Threei}  lol
[10:16] {dptl} MDLZ .35 long?
[10:16] {backman} this was the day i decided to just take 1:1, just to get green...sigh
[10:17] {thomcbell} ddd - wow
01[10:18] {Threei}  too slow and narrow, MDLZ
[10:18] {thomcbell} think they report tonight
[10:18] {thomcbell} mdlz
[10:19] {Les} JPM .30 short?
[10:19] {patel} out of CAT at .45
[10:19] {patel} thanks VAD
01[10:19] {Threei}  wow
06[10:19] * Threei slaps patel around a bit with a large roll of cash
[10:19] {Will49} way to hang in there Patel
01[10:19] {Threei}  can't tell JPM
[10:20] {thomcbell} we thrusted down to pivot here - im staying away from entries
[10:21] {dino} athn sm l .70
[10:22] {Will49} brass balls dino:)
[10:22] {Will49} that;s a term of endearment
[10:23] {dino} out athn .99, +.29
[10:23] {dino} set-up was there, market was turning
[10:24] {Will49} no explanation needed
[10:24] {dino} as cipher says, if its there you must take it
[10:24] {Will49} I'm just impressed
[10:24] {dino} don't be will. just doing my job
[10:24] {cc_9} FSLR curling
[10:25] {Will49} in my next life , I want to be you dino
[10:25] {Will49} this life, I'm trying to be Vad
[10:25] {dino} grass is alwats greener
[10:25] {dino} always
[10:25] {Will49} i guess
01[10:25] {Threei}  Always be yourself. Unless you can be Batman. Then always be Batman.
[10:26] {Will49} :)
[10:26] {dino} good point vad
01[10:26] {Threei}  :)
[10:26] {backman} oh, Robin...i love it when u talk that way
01[10:26] {Threei}  lol
[10:26] {nemo} fslr
[10:26] {backman} CAT back
[10:27] {cc_9} FSLR stepping
[10:27] {dino} sm l .29 fslr
[10:27] {cc_9} FSLR breakout is 43.60
[10:28] {nemo} look to reshort around 44
[10:28] {dptl} LOW .20 short?
[10:29] {cc_9} vol picking up on 2min chart FSLR
[10:29] {cc_9} all eyes on .60
01[10:29] {Threei}  no LOW
01[10:29] {Threei}  hmmm CAT
01[10:29] {Threei}  is it a second entry, just like first?
01[10:30] {Threei} Short Setup: CAT  89 break hl
01[10:30] {Threei}  If holds  .10
[10:30] {dino} dont like the ause
[10:30] {dino} pause
[10:30] {cc_9} stocktwits was all short FSLR, now all long lol
[10:31] {cc_9} .60 FSLR, there goes the first wall
[10:31] {dino} out fslr .59, +.30, ty nemo/cc9
[10:32] {cc_9} good exit dino, lets see if b/o .60 for another play to 44
01[10:34] {Threei}  CAT's two-sided
[10:34] {nemo} must be female
[10:34] {nemo} cnx a short here
[10:34] {nemo} stop .25
[10:35] {dino} cvlt hell of pullback on huge beat
[10:35] {ese} L ddd .05
[10:38] {ese} out ddd .25 +.20
[10:39] {nemo} cnx
[10:39] {nemo} sorry
[10:40] {dino} gj ese
[10:41] {ese} tks
01[10:41] {Threei}  the way CAT shapes up, if it works it should be another 1:3er
[10:42] {Will49} long?
01[10:42] {Threei}  yeah
[10:42] {Will49} tks
[10:42] {cc_9} DDD extended run from LOD, worth keeping an eye on.
[10:42] {nemo} Vad's got 3
[10:42] {cc_9} nvm, i see some DDDs posted up there
[10:42] {thomcbell} dddgetting all the way back to pivot here 42.56
[10:42] {thomcbell} chuy holy chower bounce
01[10:43] {Threei}  I duct tape over 2 of them nemo
01[10:43] {Threei}  don't want to see all the sorrows of the world
[10:43] {nemo} get the frickin' two part epoxy
[10:43] {nemo} no...I want to inflict the sorrows
[10:44] {nemo} was that over the top?
01[10:45] {Threei}  .20 break shoould catapult it
[10:45] {cc_9} the 43.60 wall on FSLR worked like a charm. Candle closed below.
[10:45] {Les} stop to trigger, as it has touched 1:1?
[10:46] {Les} half out
01[10:46] {Threei}  1:1
01[10:46] {Threei}  and yes, trail now
[10:48] {cc_9} FSLR another go
[10:49] {dino} cvlt sm l .00
[10:50] {nemo} cnx again here
[10:50] {nemo} sorry a tad late
[10:51] {dino} well that sucked
[10:51] {nemo} KY dino?
[10:51] {dino} yeah
01[10:52] {Threei}  ok... just a scalp
[10:53] {dino} axll drop
[10:55] {Les} FDX closing in on morning highs nice consolidation
[10:55] {dino} cvlt gap fill
[10:56] {dino} sm l .30
[10:57] {dino} out cvlt .64, +.34
[10:58] {dino} amri sm l .10
[11:01] {dptl} GILD .60 short?
[11:01] {cc_9} Poor John Paulson, worst fund on wallstreet
[11:01] {nemo} NOW
01[11:01] {Threei}  sic transit gloria mundi
[11:01] {nemo} tempest fugit
[11:01] {Les} glory is fleeting?
01[11:02] {Threei}  a bit late GILD
[11:02] {Les} ...without checking google
[11:02] {cc_9} He should have called it a career on the housing bet, he has been losing year on year after that
01[11:02] {Threei}  but I wouldn't be too jazzed about it anyway
[11:02] {nemo} frickin' one hit wonder
[11:03] {Les} ah mundi, monde en francais, the world
[11:03] {cc_9} fund heavy on gold, ETF that is
[11:04] {Les} remember rumours of sharks after paulson at least a year ago
[11:04] {Les} didn't get the hint
01[11:04] {Threei}  9:22] {Threei} John Paulson's gold fund said to be down 47% YTD and 27% in April
[11:04] {cc_9} Dino, see that .60 on FSLR, resistance trendline working once again. In case you were still watching
[11:04] {Les} now wall street eats each other
01[11:04] {Threei}  he did it to himself, what can sharks do to you if your positions are aligned with market
[11:05] {Les} true
01[11:05] {Threei}  and what is new about wall street?
[11:05] {dino} thx cc8
01[11:05] {Threei}  you think they were ever all friends?
[11:05] {cc_9} hey, im cc9!
01[11:05] {Threei}  each trades for himself
[11:05] {RonS} lol   was looking for the 8 guy...
[11:06] {dino} wall street always eats each other, zero sum game
01[11:06] {Threei}  don't buy these strange stories about wall street conspiring against the world
01[11:06] {Threei}  read Livermore again,
01[11:06] {Threei}  weren't they all always trading against each other and the rest of the world?
[11:06] {nemo} 0 of 9 at it again?
01[11:07] {Threei}  and more importantly: isn't it just how it should be?
[11:07] {cc_9} so what you are telling me Vad is that the world is not ran by reptilians from Titan and that I should trust CNN
[11:07] {dino} they smell blood
01[11:07] {Threei}  well, not exactly cc9... we, reptilians from Titan do run the world
01[11:07] {Threei}  the rest is bs
[11:07] {nemo} no, everybody knows the world is controlled by the masters in Shambala
[11:07] {dino} cc9, more like the borg running things
01[11:08] {Threei}  so, what is so wrong about it?
[11:08] {nemo} for 7 of 9, Borg o.k.
01[11:08] {Threei}  it's almost like people believe that in the ideal world, all trading atities should hold each other hands, sing kumbaya and profit all together
01[11:09] {Threei}  everyine is profitable, no one ever loses money
01[11:09] {Threei}  and is someone does, it's a proof of someone's wrongsdoing
01[11:09] {Threei}  evil intent
[11:09] {cc_9} All praise the great Yakub
[11:09] {Les} true enough. better working in competition than in collusion. too what extent one or the other... {shrug}
[11:09] {Les} http://tinyurl.com/c7tjppa
[11:09] {Les} end of facebook for me
[11:10] {jdetente} CAT finaly broke .20...too bad didn't hold our trail earlier.
[11:10] {RonS} broker quote:  winner wins, loser loses, broker always wins...2 out of 3 ain't bad
01[11:10] {Threei}  hehe
01[11:10] {Threei}  where are the customers yachts
[11:11] {jdetente} customers are underneath yachts hehe
[11:12] {Les} working the decks
[11:12] {jdetente} scraping off the barnacles
01[11:14] {Threei}  and trying to feree their feet from cement
[11:14] {dino} bsft drop
[11:14] {cc_9} FSLR either is being ran by algos and will stay sideways till the close, or we see some new momo as its flirting right below its resistance line (.60)
[11:17] {backman} CAt...short on brk of 89?
01[11:17] {Threei}  89?
[11:17] {backman} or 89.09
01[11:17] {Threei}  it's far away from there
[11:18] {KSystems} l GCLM3 95.44 stp 95.22 tgt 95.66
01[11:18] {Threei}  no, dropped too hard in that support
[11:18] {dptl} GMCR .50 short?
[11:18] {backman} kk
01[11:19] {Threei}  GMCR yes but hl
[11:21] {KSystems} s 6EM3 130.90 stp 130.97 tgt 130.83
01[11:27] {Threei}  1:1 GMCR
[11:30] {KSystems} out 6EM3 130.83 (+0.07)
01[11:30] {Threei}  hmmm... it seems we are doing good job keeping island population down:
01[11:30] {Threei}  About 60 people are waiting outside the new Target at Tillicum Mall
01[11:31] {Threei}  60 people for the grand opening
[11:31] {Les} woohoo target
[11:31] {Les} remember them from Oz nothing flash
01[11:31] {Threei}  Target CEO: we opened new store for THIS?? )last words before hanging himself)
[11:32] {Les} what is island population?
01[11:32] {Threei}  about 300K I think
[11:32] {Will49} and Tillicum Mall was a good for this level of store....not ggod news
[11:32] {Will49} Greater Victoria is about 300K
01[11:33] {Threei}  right
01[11:33] {Threei}  island as a whole about 750K
[11:33] {Will49} whole Island about 750K...as I recall
[11:33] {Will49} right on Vad
[11:33] {Les} 10% of swiss population
[11:33] {stevw} 100K government workers, 600K retirees, and the rest work
[11:34] {Will49} known as the place for the newly wed and the nearly dead
01[11:34] {Threei}  I am so out of place... I am neither
01[11:34] {Threei}  asked wife whether she minds if get newly married
[11:35] {Will49} closer to the latter than the former
01[11:35] {Threei}  she just showed me a frying pan... no idea what it meant
[11:35] {Will49} eggs for breakfast
01[11:35] {Threei}  ah
[11:35] {dptl} CLF .35 short?
[11:35] {patel} means u getting some BACON
01[11:36] {Threei}  cool then
01[11:36] {Threei}  nah CLF
[11:36] {Will49} since we're into trivial pursuit
[11:36] {Will49} what city in NA has the most restaurants per capita
[11:37] {Will49} you're right....Victoria BC
01[11:38] {Threei}  Winnipeg strongly objects
[11:38] {Will49} really?
[11:38] {Will49} the old joke
[11:39] {Will49} two guys chat in bar
[11:39] {Will49} one says. Winnipeg? there's only whores and hockey players there
[11:39] {Will49} bystander walks over says
[11:39] {Will49} hey my wife is from winnipeg
[11:40] {Will49} other guy...what team does she play for?
[11:40] {Les} potential DB gmcr
01[11:40] {Threei}  lol
[11:40] {jdetente} haha
01[11:40] {Threei}  as of 2006: 1st place SF, 2nd Winnipeg, 3rd Victoria
[11:40] {Will49} ok ok.....busted by google
01[11:42] {Threei}  but Winnipeg claims first place, trying to fight SF
[11:42] {Les} slw short .35?
01[11:42] {Threei}  yes
01[11:42] {Threei}  I like it
01[11:43] {Threei}  SLW, not Winnipeg
01[11:43] {Threei}  (just want to make sure)
[11:44] {KSystems} out GCLM3 95.66 (+0.22)
[11:46] {dino} cvlt sm l .01 wide, gappy
[11:46] {thomcbell} aig dead for sale today
[11:47] {ese} l iqnt .46
[11:47] {thomcbell} nice 10 dollar pullback in cvlt
[11:48] {ese} 10 dollar pullback.....that ain't civilt......
01[11:48] {Threei}  lol
[11:48] {Will49} good one ese
[11:49] {ese} thank you!!!!    "thank you very much"......
[11:49] {Will49} yw Elvis
[11:49] {Will49} or was that Ed Sullivan?
[11:49] {ese} was cool seeing graceland for sure.......for all the money he had.....it wasn't extravagant
[11:50] {Will49} are the surroundings still tacky?
[11:50] {Will49} was there 20 years ago
[11:50] {ese} 70's for sure
[11:51] {ese} enough shag to cover a jungle
[11:51] {Will49} haha
[11:51] {ese} speaking of that....the jungle room was cool.....who'd a thunk it
[11:52] {RonS} don't say that to Austin Powers...
[11:52] {Les} should have checked GLD first...
[11:53] {thomcbell} short setup ddd - 42.23 brak if holding 42.35
[11:53] {Will49} SLW was a DB then
01[11:54] {Threei}  hmm?
[11:54] {Will49} should have put a ? at end of statement
01[11:54] {Threei}  ok... no :)
[11:58] {dptl} SNDK .40 short?
01[11:59] {Threei}  yes as a chart
[12:00] {Les} GLD vol. spike
[12:01] {Will49} i like winnipeg better than SLW
01[12:01] {Threei}  that says a lot
[12:01] {Will49} and i hate winnipeg
[12:01] {jdetente} ouch
[12:02] {jdetente} apologize to SLW
[12:02] {Will49} :(
[12:02] {Will49} ill hangs head in shame
[12:02] {Will49} Will
[12:03] {Les} someone just printed .23 on GLD for 2000
[12:03] {Les} what is that, 2 million shares? or 200k?
[12:03] {dino} amri to .41
[12:03] {Will49} save my seat...be back after a s/s/s/s
[12:08] {thomcbell} ddd stopped
[12:12] {dino} out amri +.31
[12:14] {RonS} lol...I asked my wife what women really want & she said attentive lovers. Or maybe it was a tent of lovers. I wasn't really listening @jeffmacke
01[12:15] {Threei}  lol
01[12:15] {Threei}  SNDK worked nicely
[12:15] {dptl} still in half
[12:17] {dptl} well, my half :)
01[12:18] {Threei}  I was just going to claim that half...
[12:19] {dptl} :)
[12:19] {dptl} out
[12:22] {cc_9} FSLR espece de pute, move
[12:29] {dptl} ANF .70 short?
01[12:30] {Threei}  no read
[12:30] {nemo} think it bounces before .50
[12:30] {cc_9} FSLR 15 min looking ripe
[12:31] {nemo} short or long 9er
01[12:32] {Threei}  sheesh... things you see walking the breakwater in Victoria: http://www.vicnews.com/news/206432181.html
[12:34] {Will49} C and I were out there on Sunday but didn't see the dust-up.
[12:35] {dino} cab spike
[12:35] {Will49} new railings are quite nice and now wheelchairs and scotters can be accomodated.
01[12:35] {Threei}  yup
[12:35] {Will49} Much safer feeling when walking out there
01[12:36] {Threei}  I am amazed it was allowed to exist without rails for so long
[12:36] {Will49} So, i guess i better forget nudging wife over side
01[12:36] {Threei}  piers twice as wide would never be built without rails anywhere, ever
[12:36] {Will49} i;d have to lift her 3 feet and toss her over rail
[12:36] {Will49} too obvious
01[12:36] {Threei}  that might make some suspicious
[12:37] {Les} beautiful evening light on flowers. tulips are translucent. gorgeous
[12:37] {Will49} that's the sun setting on the EU
01[12:37] {Threei}  lol
[12:37] {Les} hehe
01[12:38] {Threei}  wow
[12:39] {KSystems} nah
01[12:39] {Threei}  SPY is losing its cool
[12:39] {KSystems} its rainy all over
[12:39] {KSystems} warm at least
[12:39] {KSystems} but rain
01[12:39] {Threei}  KS, will you guys ever put an end to this misery called EU?
01[12:39] {Threei}  get Les to help
[12:40] {KSystems} if you consider EU being there for entertainment purposes, it does an excellent job
[12:40] {Les} french will take care of everything
[12:40] {KSystems} i agree Les
[12:40] {Les} K will eventually be forced to invade it again
[12:40] {KSystems} i guess there wont be anyone there when i come
[12:41] {KSystems} theyll all be in russia
[12:41] {Les} bah break it up and let's get back to old Europe I enjoyed
[12:43] {KSystems} going to hunt something down for lunch. bbs
01[12:44] {Threei}  roadkill?
01[12:45] {Threei}  "Nothing ruins a Friday like realizing it's only Tuesday"
[12:45] {KSystems} checked already, not enough insects
01[12:45] {Threei}  lol
[12:55] {Les} CAT held 89 might push higher here
[12:59] {dino} amri l .85
[13:01] {Les} NKE interesting spot
[13:05] {Les} ooh ye back to lod for NKE
01[13:07] {Threei} Long Setup:  C  48 break
01[13:07] {Threei}  If holds  .95
[13:18] {backman} AIG on break above .35?
01[13:20] {Threei}  I think so
01[13:21] {Threei} Short Setup: GDX  .70 break
[13:22] {dptl} big offers c.05
01[13:23] {Threei}  ya think?
[13:23] {dptl} gone
01[13:23] {Threei}  forget AIG
[13:24] {backman} tu
01[13:28] {Threei}  there is a long statement by ECB, but I stopped reading after fist lime:
01[13:28] {Threei}  (EU) ECB's Asmussen: there is no crisis of the Euro
[13:31] {dino} of course
01[13:32] {Threei}  this reminds me:
01[13:32] {Threei}  last 10 min of Titanic, janitors had a hard time keeping decks dry
[13:32] {Les} huh?
01[13:33] {Threei}  which part Les?
[13:33] {Les} :P
[13:33] {Les} janitor joke ain't bad
01[13:33] {Threei}  it sounds better in russian but I can't find the good way to translate it directly
01[13:35] {Threei}  what's the english for the movement when you twist the whiping cloth to get the water out and have it dry again for further mopping?
[13:35] {stevw} wring it dry
[13:35] {Les} hmmm
01[13:35] {Threei}  ahha
01[13:35] {Threei}  so the opriginal would sound like:
01[13:36] {Threei}  Last 10 minutes of Titanic, janitors couldn't keep up wringing mopping clothes dry
01[13:36] {Threei}  or something like that
[13:36] {Les} couldn't wring the mops fast enough... yeh that sounds good
01[13:37] {Threei}  half out C
01[13:38] {Threei}  it would be so much easier jokes wise if you guys learned Russian...
01[13:38] {Threei}  too many of them are just impossible to translate
[13:38] {dino} learn russian? whats next, learn how to trade/
01[13:39] {Threei}  one in particular haunts me for years, haven't met anyone who would find the good way to say it in English
01[13:39] {Threei}  yeah dino, I retract that... what was I thinking
01[13:39] {Threei}  good boy C
[13:39] {Les} cultural tradition of jokes in Russia, or particular to soviet times?
01[13:40] {Threei}  well, I haven't lived in tsarist Russia... so, Soviet :)
[13:40] {KSystems} Question to Armjanskoje radio: Could the Chernobyl catastrophe have been avoided?
[13:41] {Les} hmmm, just thinking of secret police breathing down people's neck. Do jokes or humour arise as counterbalance to such...
01[13:41] {Threei}  in a way, yes
01[13:41] {Threei}  got the punch line too, KS?? :)
[13:42] {KSystems} -in a way yes, if Sweden wouldnt have told everybody
01[13:42] {Threei}  lol
[13:43] {backman} .10 stop on GDX?
01[13:43] {Threei}  for now, yes
[13:44] {KSystems} one more... Question to Armjanskoje radio: Is it possible to drive 75mph in a russian car on russian streets?
[13:45] {KSystems} In a way, yes, but only once
01[13:45] {Threei}  answer: just once?
01[13:45] {Threei}  :)
[13:45] {KSystems} :D
[13:46] {RonS} isn't that's why they call it russian?
[13:46] {Will49} lol
01[13:47] {Threei}  my first car, Ron, only different color:
01[13:47] {Threei}  http://cars-database.com/data_images/gallery/03/lada-2110/lada-2110-06.jpg
01[13:49] {Threei}  and this one they called the quietest car in the world: http://goo.gl/ZY9fT
01[13:49] {Threei}  reason: when you sit in it, your knees cover your ears
[13:49] {Les} lol
[13:49] {Will49} lol
[13:50] {dptl} gdx triggerd?
01[13:50] {Threei}  yes
01[13:51] {Threei}  C 1:2
[13:55] {KSystems} and your current car? :)
[13:55] {jdetente} see ya gdx
01[13:55] {Threei}  no go GDX
01[13:56] {Threei}  http://goo.gl/vCsgg
[13:56] {RonS} daughter had 2nd baby girl...9.5lb fortunately C section...fattest newbie ever seen...shoulda named her Buddha
01[13:56] {Threei}  lol
01[13:57] {Threei}  congratulations Ron
[13:57] {Will49} yeah Ron congrats
[13:57] {Les} congrats. 4kg is decent bub
[13:58] {RonS} 1st one 20 months...already sings her abc's...daughter taught high school Harlem so good teacher...
[14:00] {patel} Congrats..
[14:02] {RonS} get this...my dad in CA comments all his doctors are foreign born...Chinese, Pakistani, Indian...daughter in Shanghai doc is white guy from NYC
01[14:02] {Threei}  what irony
01[14:03] {Threei}  lol, this is probably a typo, but very appropriate:
01[14:03] {Threei}  ECB's Asmussen: Reiterates the ECB is prepared to act against if necessary
[14:03] {Les} think they've done that well enough already
01[14:03] {Threei}  yeah, below in text it says "agaiin"
01[14:04] {Threei}  but I really like "against," with no indication against what
01[14:04] {Threei}  just against
[14:05] {dino} congrats ron
[14:05] {RonS} ty all
[14:07] {RonS} OPEN pop
01[14:14] {Threei}  Chess is a very dangerous sport. You can fall asleep and hit the queen with your eye.
[14:15] {stevw} TNA attracting interest as it gets past hod
[14:17] {dino} t-n-a always attracts interest
[14:17] {stevw} lol
[14:17] {nemo} old joke
[14:18] {Will49} yehaw
01[14:18] {Threei}  enlighten a foreigner?
[14:19] {nemo}  T & A
[14:19] {Les} ?
[14:19] {Will49} watermelons
[14:19] {Les} oh
[14:19] {dino} just google it
01[14:19] {Threei}  whew... OK, got it
[14:20] {Les} yeh right
[14:20] {nemo} oh jeez
01[14:20] {Threei}  second in definition of acronyms and abbreviations, right after Time & Attendance. T&A {G}
[14:21] {stevw} how many google pages would you have to go through before t&a got you to time & attendance?!?
01[14:21] {Threei}  there is very little probablity that dino meant Telegraph and Argus (UK newspaper)
01[14:22] {Threei}  well, it really is a first in thw free dictionary, stev, believe it or not :)
01[14:22] {Threei}  http://acronyms.thefreedictionary.com/T%26A
[14:23] {stevw} well, I'll be darned - such a wholesome reference body!
[14:23] {jdetente} what about the urban dictionary?? hehe
[14:23] {dino} lol
01[14:24] {Threei}  here is the safe bet:
[14:24] {jdetente} definition number 4 in urban dictionary:
[14:24] {jdetente} Meaning Toes & Ankles. A term used by male expatriates working in Afghanistan to express the sexual frustration by being surrounded only by women wearing burkas.
[14:24] {jdetente} Damn Mike, There sure was alot of T&A at that flour mill I visited yesterday...
01[14:24] {Threei}  this room is the only place on earth that managed to get so much fun out of symbol of small stocks leveraged ETF
[14:25] {Les} can't even keep trading clean
[14:25] {Les} guess i been married too long
[14:26] {dptl} man...even Les married
[14:27] {dptl} got to go...see ya tomorrow all
[14:27] {Les} ya think the swiss would allow me to remain in their beautiful country without justifiable cause?
[14:27] {Les} ciao dp
01[14:27] {Threei}  take care dp
[14:28] {Will49} be good
[14:30] {KSystems} s GCLM3 95.62 stp 95.79 tgt 95.45
[14:30] {Les} FCX behaving strangely here at .50 support
[14:30] {dino} pcrx drop
[14:31] {dino} sm l .17
[14:32] {Les} cup and handle GDX
[14:43] {dino} motherf#%er, hard stop slip pcrx from .59 to .33
[14:46] {dino} ocls drop
[14:54] {RonS} he be Superman:  President Obama vows action after top officer for assault prevention arrested on sexual battery charges
[14:55] {dino} he's such an idiot. like there aren't rules, laws, and penalties already set
01[14:55] {Threei}  sounds about right
01[14:55] {Threei}  whatever I guard is mine
[14:55] {nemo} it's like gun laws, they have them and never enforce them, so they make more
[14:55] {RonS} couldn't be found during Benghazi fiasco...
[14:56] {nemo} Hey Ron...we got another bunny
[14:56] {backman} sounds like top officer was getting plenty of action
[14:56] {Will49} top officer=officer on top
[14:56] {RonS} bragging or bitchin?
[14:57] {nemo} depends on if it's chewing or pissing on something importantn
[14:57] {Will49} bitchin
[14:57] {RonS} lol
[14:57] {stevw} how many people did he have under him?
[14:58] {Will49} lol
[14:58] {stevw} hey, somebody has to be the straight man
[14:58] {dino} "get some"
[14:59] {nemo} tsla might be a short here
01[14:59] {Threei}  wow
01[14:59] {Threei}  C... I forgot I had last piece, lol
[14:59] {jdetente} hey looky here C at 1:3
01[15:00] {Threei}  out
[15:00] {nemo} there's a joke in there somewhere
[15:00] {stevw} involving the assault prevention officer?
[15:01] {nemo} that sucked
[15:01] {nemo} see Ron:  http://twitpic.com/corkj3
[15:03] {RonS} pls put on regular twitter...could not pull it up here...
[15:03] {nemo} mhhhhh, weird
[15:04] {nemo} http://twitpic.com/corkj3
[15:04] {nemo} nope
[15:04] {nemo} http://t.co/sYvtRlqXXn
03[15:04] * Retrieving #discussions modes...
[15:06] {nemo} mmmhhh, tsla could be long, and what's scary, although one wouldn't think there is enough time left, it could run to 59
[15:07] {RonS} tsla 40% float short makes it a problematic short...
[15:07] {nemo} it's been following short trades nicely today
[15:08] {nemo} from the short call it dropped then failed a bull flag
[15:08] {RonS} no shares to borrow here anyway...
[15:09] {nemo} yeah
[15:09] {RonS} that bunny is cute...hate to say it
[15:09] {nemo} yeah, they're all cute
[15:10] {nemo} Bunny didn't know what to make of it, especially when it tried to nurse....that was funny
[15:20] {Les} OSTK's squeeze may be coming to an end
01[15:21] {Threei} Short Setup: CAT  .60 break hl
01[15:21] {Threei}  If holds  .65
[15:24] {nemo} sheesh, now high ticker ripping
[15:26] {backman} CAT...move entry up .10?
01[15:26] {Threei}  no, no aetup yet'
01[15:26] {Threei}  setup
[15:26] {nemo} this high likely tests the whole
01[15:26] {Threei}  but watching
[15:26] {backman} k
[15:27] {nemo} http://twitpic.com/cozjbm
[15:27] {jdetente} I remember seeing a report on these companies Nemo
01[15:28] {Threei}  now, yes, .70 break short if holds .75
01[15:29] {Threei}  I fainted upon reading an e-mail I just got
01[15:29] {Threei}  To whom it may concern at Realitytrader,
01[15:29] {Threei}  I stopped by for a few minutes to read your trading log, and couldn't help but notice great inefficiency in yor trading approach. Thought I'd point it out and help you and your customers save some coin. When a stock trades at .15 and you call a buy for when it breaks .20, you can buy it RIGHT HERE RIGHT NOW and have 5 cents better entry price.
[15:30] {jdetente} Lol!
01[15:30] {Threei}  someone shoot me now
01[15:30] {Threei}  how the deuce haven';t I thought of it
[15:30] {nemo} wish I were closer
01[15:31] {Threei}  dear sender, in hope you stop by for a few more min and read this: you may want to spend a few more minutes to learn what drives our entries
[15:31] {backman} is stop on CAT .75? or .10
01[15:31] {Threei}  .76
[15:32] {nemo} he must be talking about Les
01[15:32] {Threei}  [15:28] {Threei} now, yes, .70 break short if holds .75
[15:32] {Les} I like this guy
[15:32] {Les} I'm guessing he's a goldbug
[15:33] {nemo} douchebag
01[15:33] {Threei}  now now nemo... a man tries tosave you "some coin"
[15:34] {nemo} I usually those who make that claim are actually attempting the opposite
[15:34] {Les} I swear u make up some of this crap Vad
01[15:34] {Threei}  this I couldn;t make uo if I wanted
[15:35] {jdetente} send him an email back telling him to read this part of the trading log
01[15:35] {Threei}  this just wouldn't enter my mind, lol
[15:35] {Les} I'm a dummy, but couldn't dream up such an argument
[15:35] {nemo} wish you were a crash test dummy
01[15:35] {Threei}  normally I get two kinds of stupid e-mails
[15:35] {Les} been there done that wore a parachute
[15:36] {nemo} those from Les, and...
01[15:36] {Threei}  one is when I say something that is perceived as anti-gold
[15:36] {Les} :)
01[15:36] {Threei}  lol
01[15:37] {Threei}  another is from those who think I need to go out of my way to convince them to join the room, usually either demanding steep discounts (not asking, demanding),
01[15:37] {Threei}  or demanding a proof in a form of my personal trading statements for the last X years
[15:37] {nemo} tell them RTFL!!!
01[15:38] {Threei}  that's what I do
01[15:38] {Threei}  if I bother answering at all
01[15:38] {Threei}  then there are those who say "there is no tape reading in your TTR book"
[15:38] {nemo} Where else on the web can you get great trade calls and such a high level of sophisticates insults
01[15:39] {Threei}  I just send them a link
01[15:40] {Threei}  http://blog.realitytrader.com/2007/11/whats-in-name-or-what-is-tape-reading.html rather
[15:45] {patel} http://www.cnn.com/2013/05/07/us/ohio-cleveland-ramsey/index.html?hpt=hp_t1
01[15:47] {Threei}  unbelieavable sotry
[15:48] {patel} u listen tot eh 911 call
01[15:48] {Threei}  yes
[15:48] {patel} have u seen his interview
[15:49] {KSystems} out GCLM3 95.45 (+0.17)
[15:49] {KSystems} :-)
01[15:50] {Threei}  no go CAT
[15:52] {Les} game over. c u's tomorrow
01[15:52] {Threei}  thank you all, have a good evening
[15:52] {Will49} OK guys, take the rest of the day off:)
01[15:52] {Threei}  see you tomorrow
[15:53] {Will49} peace
[15:53] {backman} night
[15:53] {Will49} decent day, all-round Vad
01[15:54] {Threei}  :)
[15:57] {patel} take care all

Monday, May 6, 2013

May 06 2013

Very decent day despite low volume and slow climb type of the market. Finishing nicely profitable, with many good trades under the belt.



Session Time: Mon May 06 00:00:00 2013
[03:33] {KSystems} GM
[03:42] {KSystems} l GCLM3 96.15 tgt 96.40 stp 95.90
[04:05] {KSystems} out GCLM3 +0.25
[09:03] {dino} gm
[09:03] {stevw} g'mornin
01[09:04] {Threei}  morning dino, stev
[09:05] {cipher} gm
[09:05] {cc_9} Morning fellas.
01[09:05] {Threei}  cipher, cc9 :)
[09:05] {nemo} fellas?
[09:06] {nemo} oh, right...Les isn't here
[09:08] {thomcbell} GM all
[09:09] {patel} morning
01[09:09] {Threei}  tbell, patel :)
[09:09] {Les} good afternoon
01[09:10] {Threei}  les :)
[09:17] {Alexs} gm
01[09:17] {Threei}  alex :)
[09:18] {ese} good morning Houston..........errrrrrrrrr I mean vad et al
01[09:18] {Threei}  ese :)
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:20] {Les} you gonna sit still one week ese? :)
[09:20] {backman} gm
[09:21] {ese} mornin les.........yes.......i'm travelled out for a bit
01[09:22] {Threei}  bman :)
[09:25] {dino} line fills gap march
01[09:32] {Threei} Long Setup:  GDX  .70 break
01[09:32] {Threei}  If holds  .60
[09:33] {dino} line sm l .15
[09:34] {thomcbell} lvs nasty
01[09:35] {Threei}  not tradeable at the open
01[09:35] {Threei}  1:1
[09:36] {thomcbell} aig?
01[09:38] {Threei} Short Setup: AIG  .20 break
01[09:38] {Threei}  hl
01[09:38] {Threei}  If holds  .30
01[09:40] {Threei} Long Setup:  CAT  .15 break hl
01[09:40] {Threei}  If holds  .05
[09:40] {dino} line stop -.24
[09:45] {Les} slw .40 b/down holding .50?
[09:45] {jdetente} belated gm
01[09:45] {Threei}  jd :)
01[09:45] {Threei}  yes SLW
01[09:50] {Threei}  no go CAT
[09:51] {Les} gdx short 87?
[09:51] {Les} sorry wrong ticker
[09:51] {Les} cat short 87?
[09:51] {ese} L himx .81
01[09:52] {Threei}  please, let's hold questions for the first 30-40 mon
01[09:54] {Threei} Long Setup:  GDX  .60 break
01[09:54] {Threei}  If holds  .55
01[09:55] {Threei}  still valid
[09:56] {Les} c small short .47 holding .57
[09:57] {jdetente} thanks for SLW Les...out on trail
[09:57] {Les} np
[09:58] {Les} cover half c
[09:58] {Les} C double top it was
01[09:58] {Threei} Long Setup:  AIG  .50 break
01[09:59] {Threei}  If holds  .40
[10:00] {thomcbell} all 3d stocks doing well except prlb
[10:00] {ese} out himx .92 +.11
01[10:01] {Threei}  1:1
[10:01] {RonS} wtg
[10:01] {Les} scalped ty 3 trades is too many
[10:02] {Les} partial gdx ty
01[10:02] {Threei}  (EU) Germany Fin Min Schaeuble: - Germany does not need to lecture France about reform.
01[10:02] {Threei}  but we will anyway
[10:02] {cipher} CYBX L.95
[10:02] {Les} like they could resist this little spat developing
01[10:03] {Threei}  out GDX in full
[10:03] {Les} me 2ty
01[10:03] {Threei}  yw
[10:03] {Les} btw , C is dt in your book?
[10:03] {Les} looks like it to me
[10:04] {dino} adnc sm l .83
[10:04] {ese} L line .06
[10:04] {dino} hgsh drop
01[10:04] {Threei}  les... keep it till market quiets down, can you?? :)
[10:04] {Les} sorry
[10:05] {dino} sgmo sm l .24
[10:06] {dino} ipgp sm l .00 gappy sucker
[10:06] {nemo} it's the frickin' ritalin
[10:07] {Les} JPM
[10:07] {Les} yep
[10:07] {nemo} mnst
[10:07] {Les} short jpm very small .17
[10:07] {Les} stop is clear
[10:09] {nemo} expe
[10:10] {dino} ctb spike
[10:11] {Les} JPM stopped squeezing
[10:11] {Les} it is squeezing
01[10:12] {Threei}  C 1:2, out
[10:12] {jdetente} AIG 1:2. Thanka Vad
[10:12] {Les} c last quarter stopped
[10:12] {jdetente} *thanks
01[10:12] {Threei}  :)
[10:13] {dino} ctb sm s .98
[10:13] {Les} can I speak?
01[10:13] {Threei}  that was AIG, sorry, not C'
[10:13] {nemo} shutup Les
[10:13] {Les} ....
[10:14] {nemo} they got the transports to new highs today
[10:14] {jdetente} holding a quarter for 1:3 on AIG...so be quiet Les :p
[10:14] {Les} banksters stalling
[10:14] {RonS} took mnst .36 to .92  +.56 thanks nemo
01[10:14] {Threei}  wtg
[10:14] {cipher} HGSH L.40
[10:14] {Will49} nice one Ron
[10:14] {nemo}  sure Ron dcc please
[10:18] {Les} cup and handles forming on slw/GDX?
[10:19] {dino} alk spike
01[10:19] {Threei}  hard to tell
[10:19] {Les} certainly no enthusiasm
[10:20] {dino} out sgmo .39, +.15
[10:25] {Les} jpm .35 long?
[10:26] {Les} holding .25?
[10:26] {Les} looks like it wants to break but how far it can go...?
01[10:26] {Threei}  yup
01[10:27] {Threei}  who knows... if SPY breaks .75m it's aetup
01[10:27] {Threei}  just let it trade
[10:27] {Les} k
[10:28] {RonS} ese IQNT into a huge gap
[10:29] {RonS} huge volume and price gap...pretty rare
[10:29] {RonS} should re-test 5.00 and go...
[10:30] {dino} ctb stop .15 -.17
[10:30] {ese} stopped line .95 -.11
[10:30] {ese} tks ron
[10:31] {ese} I look of that one Ron
[10:31] {ese} I like
[10:31] {ese} the
[10:34] {ese} l iqnt .17
[10:35] {jdetente} took the last out on AIG 1:4
[10:35] {jdetente} thanks again Vad
01[10:35] {Threei}  :)
[10:37] {nemo} bbby setting up for short
[10:39] {dino} ctb sm s .35
[10:40] {nemo} bbby should be good to .30 area
[10:40] {jdetente} JPM meh
[10:40] {Les} walked into that one
[10:41] {cipher} out HGSH .68 +.28
[10:43] {cipher} LNCO L .71
[10:43] {cipher} out .84 +.13
[10:47] {Les} TLT stop flush of fridays low
[10:47] {ese} ron ....you in iqnt?
[10:48] {RonS} was trying to get pullback...knew it was your type
[10:48] {RonS} HLF lighting up the shorts
[10:49] {nemo} looking for indexes to bounce at vwap
[10:49] {nemo} this market is lighting up the shorts
[10:49] {ese} tks......am in with 2400 of the little blighters.....gonna exit half at .50 and see what happens from therel.....with stop at break even for the balance
[10:52] {dino} alk sm s .61
[10:54] {Les} watch TLT for failed break of 121
[10:54] {Les} but if it keeps going...
01[10:56] {Threei} Short Setup: CAT  .45 break hl
[10:56] {cipher} MSG L .04
01[10:59] {Threei}  1:1
[11:00] {dino} cov ctb .00, +.35
[11:00] {nemo} like iwm spy or fas long here
01[11:02] {Threei}  1:2
[11:03] {cipher} TNA L .75
[11:04] {nemo} rost coming into bounce territory
[11:04] {dino} alk stop .77, -.16
[11:04] {Les} c c&H?
[11:04] {Les} .65 long?
[11:05] {Les} relative strength showing to FAS and JPM
[11:05] {nemo} volume just came in ros
01[11:05] {Threei}  can't tell C
01[11:06] {Threei}  this is not normal C&H
[11:06] {Les} yeh I c it hahaha
[11:09] {cipher} out TNA .85 +.10
[11:09] {nemo} looks like spy and IWM might test the pivot
01[11:10] {Threei}  e-mail from someone who hasn't signed it but I think I have pretty good idea, and you will too:
[11:10] {nemo} oh, the douchebag?
01[11:10] {Threei}  As a matter of recortd, please note: I hated everyone before it became mainstream.
[11:10] {Les} that's private vad
[11:10] {nemo} get my email Les?
[11:10] {Les} fas potential DB
01[11:11] {Threei}  last piece of CAT stopped on a trail
[11:13] {Les} long fas .12 stop is clear
[11:13] {Les} interesting colour nemo, a particular species?
[11:13] {nemo} northeast cottontail
01[11:14] {Threei} Short Setup: FB  .70 break
[11:16] {nemo} mnst looks short
[11:17] {Les} TLT straight back to the lows.
[11:17] {dino} line sm l .52
[11:18] {dino} out ipgp .40, +.40
[11:18] {dino} out line .83, +.31
[11:19] {cipher} LQDT drop
[11:19] {backman} .10 on FB?....or looser?
01[11:19] {Threei}  above .80 for now
[11:20] {cipher} MSG stopped .99 -.05
[11:20] {thomcbell} knicks looked terrible
[11:24] {cipher} LQDT L.51
[11:26] {ese} L 1/2 line .96
[11:28] {ese} out line .12 +.14
[11:28] {ese} nice one with line dino........i caught it to late
[11:30] {Les} screw FAS that ruined the party. made 1:1 without me
[11:31] {dino} ty
[11:32] {cipher} LQDT stopped .46 -.05
[11:33] {dptl} good morning all
[11:34] {Les} decent h&s on spy here
[11:34] {Les} hi dp
[11:34] {Will49} hey DP
[11:34] {Will49} dp
[11:34] {Les} vol. in IWM
01[11:35] {Threei}  dp :)
[11:38] {backman} FB stop unch?
[11:40] {dino} taking a break
01[11:41] {Threei}  let's trail it to .76
[11:42] {ese} out 1/2 iqnt .47 +.30   good enough balance to break even .18
[11:42] {ese} tks Ron
[11:44] {Les} bankster rinse suck in those shorts for fuel
[11:48] {dptl} STX .90 short?
01[11:49] {Threei}  1:1
[11:50] {ese} hey dp.........took a look at that symbol and thought about STAX records in Memphis........phew........hought lI was halucinating
01[11:51] {Threei}  STX, yes
[11:51] {RonS} 'cause you just did a 1/2 line...
01[11:51] {Threei}  if holds .96
[11:55] {ese} hmmmmmmm........took me a bit to get that joke ron.........
[11:57] {Will49} musician joke
[11:58] {ese} not any more........the industry has cleaned up a little bit
[11:58] {Will49} operative word "little"
[11:58] {Will49} :)
[12:04] {dptl} invalidated STX
[12:06] {dino} mbi
[12:10] {RonS} halt
[12:10] {RonS} Bank of America $BAC bond insurer MBIA $MBI reached USD 1.7bln in settlement
[12:11] {RonS} "@Benzinga: DJ Reporting BofA to Take 5% Stake in MBIA
[12:14] {RonS} mtg
01[12:15] {Threei}  volume is about 15% below 3-months average
[12:16] {Les} and they getting jiggy with FAS during lunch... nice
[12:25] {dptl} COH .65 short?
01[12:25] {Threei}  hl
01[12:26] {Threei}  charts good but it can get jumpy sometimes
[12:27] {dptl} hmm..didt get it...dont want to chase
[12:30] {dptl} is STX valid again?
[12:33] {dptl} nah
[12:42] {thomcbell} jpm 48.26 break if holding 48.16
01[12:51] {Threei} Long Setup:  TNA  .35 break
01[12:51] {Threei}  If holds  .25
[12:51] {thomcbell} jpm 1:1
[12:52] {thomcbell} second half to break even
[12:55] {thomcbell} long setup gnw 10.60 break - already thru but i never typed it
[12:55] {thomcbell} bidding there for a minute or so
01[12:57] {Threei}  Invalidated
[13:04] {thomcbell} jpm stop to 48.29 on second half
[13:04] {thomcbell} time of day
[13:07] {RonS} C closing in on 52 week high...
[13:08] {thomcbell} jpm  flat
[13:09] {nemo} C&H on FAS or DT?
[13:10] {Les} FAS being held back by IWM. TNA around 45 is interesting
[13:12] {cc_9} MBI is the afternoon's crack
[13:12] {nemo} yeah
[13:15] {RonS} nemo, dcc por favor
03[13:21] * Retrieving #discussions modes...
01[13:24] {Threei} Long Setup:  CAT  .45 break hl
01[13:24] {Threei}  If holds  .35
01[13:25] {Threei}  German euro founder calls for 'catastrophic' currency to be broken
01[13:26] {Threei}  as Karl Marx said in soviet joke... "Proletariat of all countries... I am so sorry"
[13:27] {Les} for opening his mouth or having government screw his ideas?
01[13:27] {Threei}  you think his ideas needed someone's help to screw all who followed them?
[13:28] {Les} I like his analysis
[13:28] {Les} his prognosis and medication have killed the patient many times over
01[13:28] {Threei}  I am talking about his idea of the scoiety
[13:28] {dptl} FB long?
01[13:29] {Threei}  don't know
01[13:29] {Threei}  his analysis are as ideology-soaked as his ideas how to cuild the society
[13:30] {Les} sure. everybody harbors ideology
[13:30] {Les} of one stripe or another
[13:30] {Les} got a friend who used to be a red book carry communist
[13:30] {Les} carrying
01[13:31] {Threei}  until sobered up?
[13:31] {Les} the evolution of labor as Marx could see it was clear
[13:31] {Les} as my friend describes it
[13:31] {Les} from slave
[13:31] {Les} to serf
[13:31] {Les} to bondmen
[13:32] {jdetente} Marx was a loser...he never worked
[13:32] {Les} to paid laborer
[13:32] {Les} like i said, his analysis was interesting
[13:32] {jdetente} he just imagined the plight of the working man...never experiencing it himself
[13:32] {Les} his conclusions wrong
[13:32] {Les} yes number of german thinkers guilty of such
01[13:32] {Threei} Short Setup: GDX  .60 break
01[13:33] {Threei}  and he created this mental construction that sounded so good for ivory type dreamer... and turned out to be a blood bath for untol millions
01[13:34] {Threei}  yet all over the world there are countless imbeciles that still believe in the idea... like Les's friend
[13:34] {Les} Nietzche has some interesting things to say, but seeing gleaming cavalry soldiers as the 'uber men' of the future - he was a medically discharged weakling with no stomach for blood - was equally stupid
[13:35] {Les} oh, my friend is the same one who is sure that trading doesn't work
01[13:35] {Threei}  as I said...
[13:36] {Les} these are the guys running the education system here
01[13:36] {Threei}  he at least believes in gravity, right?
[13:37] {Les} guess he'll learn that when 2nd homes collapse in price ;)
[13:37] {Les} he's counting on inflation...
[13:40] {Les} last time I checked, President Hollande was bringing French economy to earth post-haste, and my friend bought in france
[13:42] {RonS} is the VP Belgium?
[13:42] {Les} ?
[13:43] {RonS} Holland...Belgium...Treasury sec Lux M. Borg  etc...
01[13:44] {Threei}  well, at least he is faithful to his ideology - socialists take over France, your card carrying communist friend buys property there
[13:44] {Les} and he's a very well paid bureaucrat functionary
[13:44] {Les} has all defaults
01[13:44] {Threei}  tell him also to open a business there, and he will be totally true to his beliefs
01[13:46] {Threei}  just don't tell him that when his compatriots spill over to the streets, it's his well-paid intestines that they will spill too. Let him find out what communism is like on his own
[13:47] {dptl} GDX stop would be above .70?
[13:47] {jdetente} didn't trigger I don't believe
[13:48] {dptl} not yet
01[13:48] {Threei}  .70 for now
[13:48] {dptl} k
01[13:53] {Threei}  Buford Rogers, 24, arrested in Minn. in what FBI calls "terror attack...disrupted"
[13:54] {Will49} aren't half the guys in prison named Buford?
01[13:54] {Threei}  lol
01[13:55] {Threei}  so... we had record breaking 28C yesterday,
[13:55] {Will49} yeah, wasn't it great?
01[13:55] {Threei}  and sure enough, crazies came from under every rock to talk about global warming
01[13:55] {Threei}  someone suggested to look at the winter east coast just had,
[13:56] {jdetente} 1:1 on CAT...
01[13:56] {Threei}  to which they said "well, that was local deviation"
[13:56] {Les} winter still clinging in europe
[13:56] {Will49} the number of "denyers" is rising every day
[13:56] {Will49} denie-ers
01[13:57] {Threei}  why that is deviation and not our fluke heat spike, they couldn't answer
01[13:57] {Threei}  you think Will?
01[13:57] {Threei}  I see Green party rising in numbers
[13:57] {Will49} iIMHO
[13:58] {Will49} that;s Vanc Island for you
01[13:58] {Threei}  could be... flowerbed of stoned environmentalists
[13:58] {Will49} was referring to number of scientist that are changing their minds
01[13:58] {Threei}  ah
[13:59] {Will49} BC flag and all that....
[13:59] {dptl} lol
[13:59] {Will49} new that would get your attention dp :)
[14:00] {Will49} knew
[14:00] {dptl} :)
01[14:00] {Threei}  dp is against global warming... thnat would increase his electricity spending, to keep vodka cold
[14:00] {Will49} good thinking
[14:00] {dptl} :) thats right
01[14:01] {Threei}  I remember he was very concerned about some solar protuberance, for this very reason
[14:01] {Les} better to drink whisky then in global warming
01[14:01] {Threei}  phoned me to discuss at what temp vodka might go bad
[14:01] {Les} fridge free single malt
[14:02] {dptl} lol
01[14:02] {Threei}  was very relieved to find out that if you inject it in the watermelon it stays nice and cool
01[14:03] {Threei}  just don't inject it in raw potatoe... kind of hard to eat
[14:03] {dptl} ahh...thouse watermelons....:)
[14:03] {Will49} now, now dp...he means the fruit
01[14:03] {Threei}  lol
[14:04] {dptl} lol
01[14:04] {Threei}  come on GDX, trigger, or there is no telling where this conversation ends up
01[14:05] {Threei}  frikin CAT
[14:05] {jdetente} did CAT invalidate...I took it, never saw it break below .35
[14:06] {Will49} so did I
01[14:06] {Threei}  it didn't
01[14:06] {Threei}  I forgot about it, got distracted
[14:06] {jdetente} ahhh
[14:06] {Will49} watermelons:)
[14:07] {jdetente} too much melon talk
01[14:07] {Threei}  but I elect to blame CAT for that
[14:07] {jdetente} sweet juicy watermelons
[14:07] {jdetente} lol
01[14:07] {Threei}  go away :)
[14:07] {Will49} hahaha
[14:08] {Will49} as the weather warms up here, you see a lot more of the watermelons
[14:08] {dptl} see what just talk about it does....:)
[14:08] {jdetente} 1:2
[14:08] {Will49} yeah baby
[14:09] {Les} short TLT .35 holdign .45?
01[14:09] {Threei}  can't tell
[14:10] {jdetente} 1:3 out
01[14:10] {Threei}  can reverse here just as well, 50/50
[14:11] {Les} yeh
01[14:11] {Threei}  wtg jd
[14:11] {Will49} tks jd
[14:11] {jdetente} don't thank me...thank Vad
[14:11] {Will49} and Vad
[14:11] {jdetente} and the watermelons
[14:12] {Will49} :)
01[14:12] {Threei}  yeah, what's up qwith that?? I make a call, jd gets thanks... sniff sniff
06[14:13] * Threei removes himself in the monastery, to live on a watermelon diet
[14:13] {jdetente} lol...thanks Vad
[14:13] {Will49} thank SOOOOO much Vad
06[14:13] * Threei pack syringe for vodka injections
[14:13] {dptl} i'll be visiting you there Vad
[14:13] {Will49} lol
[14:14] {Will49} when the next ferry leave?
01[14:14] {Threei}  yup, it should be cold enough in Tobet mountains
01[14:14] {Threei}  Tibet
01[14:15] {Threei} Long Setup:  C  .80 break
[14:15] {dptl} so easy to meditate with that diet
[14:15] {Les} looking at fas too .75 breakout is close
01[14:15] {Threei}  lol
01[14:15] {Threei}  If holds  .75
[14:22] {Les} spy 162 gotta be pissin the bears off
01[14:24] {Threei}  you mean uop to this point they were content?
01[14:24] {Threei}  those must be some serene bears...
[14:24] {Will49} fremented watermelon
[14:24] {Les} whatever narrative they had for market reversal has fallen by the wayside
[14:24] {Will49} fermented
[14:25] {Will49} Will tries to get conversation back to watrermelons
[14:26] {jdetente} after the bears reverse course and go long...the market will tank. :)
01[14:26] {Threei}  well, turning bears into bulls is some radical surgery, no?...
[14:26] {Les} just cut off their er... melons
[14:26] {jdetente} lol
[14:26] {Will49} lol
01[14:27] {Threei}  I didn't mean into female bears
01[14:29] {Threei}  no go
[14:30] {dptl} yeah
[14:30] {jdetente} oh well
[14:34] {dptl} VLO .45 short?
01[14:35] {Threei}  I'd prefer .50 recross short if it goes above .50 but stays under .55
[14:35] {dptl} k
[14:35] {Les} OSTK sm short .65
[14:36] {Les} holding .75 stop
01[14:37] {Threei}  7 cents spread?
[14:38] {Les} hl
01[14:38] {Threei}  doesn't matter - how do you kwep 10 cents stop with 7 cents spread
[14:38] {Les} with great difficulty
[14:38] {Les} but I see your point
01[14:39] {Threei}  worst thing is not even slippage on execution'
01[14:40] {Threei}  worst thing is, spread expkands beyong .75, what do you do?
[14:40] {Les} get the frick out
01[14:40] {Threei}  which is very likely to create situation where your prints are the only ones at those highs :)
[14:41] {Les} so... a .15 stop?
01[14:41] {Threei}  see what I mean? It's not TRADING above .75, it's just spread expanding there
01[14:41] {Threei}  I don't know
01[14:41] {Threei}  stop must be dictated by chart
[14:42] {dptl} VLO .50 short?
01[14:42] {Threei}  it was
01[14:42] {Threei}  it fylfilled all the conditions I described
[14:42] {dptl} missed it
[14:42] {dptl} yep
[14:43] {Les} yeh I see it
01[14:43] {Threei}  there you go
01[14:43] {Threei}  what do you do now?
01[14:44] {Threei}  some stocks are simply untradeable in the way we usually do it
01[14:44] {Threei}  they are more of a dino/cipher territory
01[14:44] {Threei}  now, allow me this question which I hope will turn your thoughts in different direction:
[14:45] {Les} then its these volume spikes I require for entry
01[14:45] {Threei}  having a killer day we had, in a low volume market like this, no less... why on earth would you want to take this trade that goes beyond our risk parameters??
01[14:46] {Threei}  having nice profits under the belt, late in the day you go into profit preservation mode
01[14:46] {Threei}  not in profit squandering
[14:46] {Les} cause I've had a shit day
01[14:46] {Threei}  ummm... HOW???
[14:46] {nemo} if you've had a shit day, why are you trading more?
01[14:46] {Threei}  trade afer trade worked
01[14:47] {Threei}  those that didn;t wrer few and far between, and stops were either 5 cents or half lot
[14:47] {Les} good question. I had my profits before JPM. Everything after has near failed
[14:47] {stevw} shorting FB
[14:47] {Les} missed FB
[14:47] {Les} looking after dinner. Missed CAT
01[14:48] {Threei}  OK, so maybe focus on the reasons you have bad day when room has a good one?
01[14:48] {Threei}  instead of gambling on stocks like this
[14:49] {dino} pushing les?
01[14:50] {Threei}  do you see thnat you repeat this pattern, of skipping for this or that reason trades called in the room, pushing other trades instead and having losing day when room has solid profitable one?
[14:51] {dino} adnc to ,98, all-dayer
[14:51] {KSystems} Hey
01[14:51] {Threei}  KS :)
[14:52] {nemo} Schlafzeit fur dich, na ja?
[14:52] {KSystems} s GGCM3 1469.4 stp 1470.5 tgt 1265.8
[14:52] {KSystems} Fang schonmal an zu Bluten nemo, kriegst gleich eine rein ;-)
[14:53] {nemo} Es ist mein Geist
[14:53] {stevw} nope - FB doesn't want to give up on .60
[14:54] {nemo} knows you're trading stevweister
01[14:54] {Threei}  I was hesitant about it stev... notice how it dropped sharply into .60
[14:55] {stevw} feels that way - but, i'm not going to beliew it
01[14:55] {Threei}  you want to short breakdown after some comsolidation, not on the go when it drops like this
[14:55] {stevw} yes, i misread that as a good to go sign
[14:55] {nemo} it's been oscillating in a range since noon in a languid but up market
[14:55] {nemo} VWAP is flat
01[14:56] {Threei}  here is simple criteria for you
01[14:56] {Threei}  you know our setups,
01[14:56] {Threei}  their visual configurations,
01[14:56] {Threei}  tell me which one matches that moment in FB?
01[14:57] {Threei}  and if you don't, what busianess do you have trading wothout reading 111 Trades :)
[14:57] {stevw} i was seeing .60 as either continued support or potential breakdown, and the uptick in volume sucked me in to believe it was finally breaking down
01[14:57] {Threei}  wait
01[14:57] {Threei}  you are inventing setups as you go along
01[14:58] {Threei}  let's use those we already have first
[14:58] {stevw} yeah, as i re-read it, the higher high at .80 should have told me not to look for breakdown
01[14:58] {Threei}  our setups are vosual chart configurations
01[14:58] {Threei}  visual
01[14:59] {Threei}  find me any single person who will say 111 Trades hasn't done wonders to their seeing setups... and I'll eat my keyboard
01[15:00] {Threei}  and yours if you send it to me
[15:00] {dptl} COH .55 short?
01[15:00] {Threei}  and record the process
[15:00] {stevw} you'd like mine - there's all kind of good crumbs in it
01[15:00] {Threei}  bacon?
01[15:00] {Threei}  no dp
[15:00] {stevw} mostly bran muffin and the odd cookie
[15:01] {dino} out adnc +.15
01[15:01] {Threei}  I am a protein guy...... could you add some bacon before shipping it, per chance?
[15:01] {patel} and spill some vodka.
01[15:01] {Threei}  better even
[15:02] {stevw} sorry, the vodka will make it a hazmat shipment
[15:03] {stevw} ironically, now i see an inverted c&h in FB
[15:04] {stevw} but, i'm still gathering my wits before trading
01[15:05] {Threei}  sharp and sudden drop, doesn't look technical
[15:06] {stevw} true, it was too sudden
01[15:11] {Threei}  speaking of bacon... can you tell?? :) http://goo.gl/xSjMJ
[15:12] {dptl} WDC .20 short?
01[15:14] {Threei}  hl
[15:17] {dino} algn
[15:19] {dptl} stop above .30 wdc
[15:19] {dino} s.50
[15:24] {dptl} hmm..doesnt wanna drop with market
01[15:24] {Threei}  no
[15:26] {dino} cov algn .10, +.40
01[15:28] {Threei}  ALGN Reportedly ITC judge rule that Clearcorrect violated six Align Technology dental patents
[15:29] {dino} thx
01[15:38] {Threei}  finally WDC time to die
01[15:39] {Threei}  nervous stock
01[15:39] {Threei}  but worked eventually
[15:43] {jdetente} alright fellas. Calling it a day. Thanks for the trades Vad
[15:44] {dptl} yea...all out
01[15:44] {Threei}  ;)
[15:44] {thomcbell} selling gnw 10.67
[15:44] {thomcbell} all day for 0.07 cents
01[15:44] {Threei}  OK guys, no more trades
01[15:44] {Threei}  thank you all
01[15:44] {Threei}  have a good evening, see you tomorrow
[15:45] {Will49} Cheers
[15:45] {dptl} gn all see ya tomorrow
[15:45] {patel} take care all.
[15:46] {dino} arlp drop

Friday, May 3, 2013

Nemo's Findings week of 5/5/2013

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

Well, this is starting to feel like Pamplona...anyway, more of the same finishing the week having breeched all time highs in the IWM and the SPY.  IWM bottomed out the week at the top of a price gap, the SPY a hair's width from 158 and FAS dipped slightly under 57.  The top for the week in SPY was a hair under the weekly R2.  No specific levels signified the tops in IWM and FAS.  As we can see from VXX that nobody is worried about anything, and is getting less worried all the time.

Just a thought...Asia didn't get the benefit of the jobs report that rocketed (sorry about the hyperbole) the indexes at 8:30, so I didn't think we'd get an attempt at a gap fill until Asia opens on Monday.  Gotta' let Goldman Sachs Japan office make some money too!!!  ;-)



What's interesting about today though, is the transports didn't make a new high and the news on railroads has been bearish, although their stocks are fairly strong.  Doesn't mean it won't be new highs on Monday though...

 


The week that is:








Oh, and look what the nephew came home with...

This is Redux 

 

Market Week Wrap-up


TradeTheNews.com  Weekly Market Update: Central Bank "Put" and US Jobs Push Equities to Record Highs



- This week's focus was squarely on central bank policy decisions and the US April payrolls data. Mid-week the FOMC reinforced the "Bernanke put" by stating explicitly that quantitative easing can be increased if conditions worsen. On Thursday, the ECB cut its main refi rate by 25 bps to 0.5% from 0.75%, while press reports indicated that some members of the governing council were prepared to take even stronger action. On Friday, the April payrolls and unemployment reports were much better than expected. Equity markets were flat through mid-week, but then the ECB decision and the US jobs numbers pushed the S&P500 above 1,600 and the DJIA above 15,000 for the first time ever. The DAX closed on Friday at 8,122, its highest closing level ever and only points away from intraday highs. Crude pushed out to one-month highs above $95 as of Friday, and while gold was mostly flat on the week the yellow metal has retraced roughly half its losses from the mid-April slide. For the week, the DJIA gained 1.8%, the S&P500 added 2% and the Nasdaq rose 3%.

- The April jobs report may not have been a "substantial improvement" in labor market conditions, but it was better than expected. Ahead of the release, expectations had been downbeat after the ADP report missed estimates by over 30K. Thwarting expectations, non-farm payrolls rose 165K versus the 140K estimate and the earlier months of 2013 were revised higher, fueling a new surge in stocks. The disappointing March nonfarm figure was revised up to +138K from +88K, while February nonfarm payrolls were revised up to +332K from +268K. The YTD average is now 196K versus 183K for 2012 as a whole. The decline in the unemployment rate to 7.5% from 7.6% likely reflects a real gain in employment rather than people leaving the workforce as the labor force participation rate held steady at 63.3%.

- The FOMC statement was revised only slightly, refraining from commenting on recent fluctuations in the economic data. The Fed did take the opportunity to remind everyone that its ability to revise the QE program does not exclusively mean tapering, and that the Fed can boost asset purchases above $85B/month if the outlook on the labor market and inflation expectations deteriorate further. The Fed's revised statement said that it is "prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes."

- Apple sold $17B of bonds this week to help finance a return of $100B in capital to shareholders. Apple has $145B of cash but only $45B on hand in the US, and thus not enough to fully fund its expanded dividend and share buy-back program. The company issued $3 billion of floating-rate notes and $14 billion of fixed-rate securities in six parts with maturities from three to 30 years. The offering was very well received as investors found a new avenue for investing in the world's premier device maker; the order book was very strong, reaching over $50B.

- Insurance names had an extremely successful March quarter as better pricing levels helped firms beat earnings expectations. AIG's property and casualty business booked its first underwriting profit in two and a half years in Q1. Prudential saw its biggest one-day gain in two years after the firm's earnings crushed expectations thanks to blowout profits at its international unit. Metlife and Allstate also had excellent quarters.

- Reports this week showed April US auto sales slipped below a 15M annual rate (SAAR) for the first time since October. Ford, GM, Chrysler all posted double-digit y/y gains in April as expected, though Ford was the only one of the Big-Three to beat estimates. Toyota and Nissan posted worse than expected results for the month. GM's flagship pickup truck, the Silverado, had an April sales rise of 28% while Chrysler's Ram pickups rose 50%. In quarterly results out this week, GM saw its net income and revenue fall y/y, although after certain items EPS beat expectations.

- Facebook's monthly and daily active user numbers are higher than ever, topping 1.11B and 665M, respectively. However, it is worth noting the slow decline in that growth rate over the past year on deeper penetration into the US and Europe. Earnings missed by a hair but FB shares rose on strong growth in mobile users and advertising revenue.

- The consensus coming into the week was that an ECB rate cut was a real possibility at the May meeting on Thursday. On Monday the preliminary March German CPI report indicated German inflation was hitting multi-year lows. Then on Tuesday the March eurozone unemployment rate hit another all-time high at 12.1%, paving the way for ECB to cut rates. At the post rate-decision press conference, ECB Chief Draghi kept door open for more easing and outlined preliminary measures to increase credit flows. Midway through the conference, Draghi stated that the ECB was "technically prepared" for negative interest rates, which knocked the EUR/USD pair down from 1.3218 to around 1.3060. The euro strengthened a bit on Friday, ending the week around 1.3112.

- The yen sustained the levels seen after last Friday's disappointing BoJ policy announcement through most of the week. USD/JPY failed to move below the 97 handle several times during the week spurring dealer chatter of a possible binary option play. There were several reports circulating of an outstanding 97.00-104.00 option structure as well. After the strong US payroll data, the pair was back above the 99 handle and seemed poised to test parity in the near future.



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