Session Time: Wed Jul 24 00:00:00 2013
[09:01] {nemo} Europe up big
01[09:01] {&Threei} mazeltov
[09:02] {nemo} oy vay
[09:13] {+cc_9} If anyone wants to see a real volatile stock today take a look at SRPT in pre-market. $68 high and $43 low
[09:17] {RonS} howdy everyone
[09:18] {cipher} gm
01[09:18] {&Threei} ron, cipher :)
[09:21] {bbobr} gm
01[09:21] {&Threei} bbobr :)
[09:24] {Alexs} gm
01[09:24] {&Threei} alex :)
[09:27] {+cc_9} Moment of truth for SRPT @ the open, stock already traded 2x avg daily volume in pre-market alone, this will be a very active high beta stock
01[09:27] {&Threei} aka widowmaker
[09:28] {+cc_9} widow, orphans, the whole 9 yards
01[09:31] {&Threei} Short Setup: GDX .28 break
01[09:31] {&Threei} If holds .10
[09:32] {+cc_9} trying some SRPT long here for a quick scalp
01[09:34] {&Threei} 1:1
[09:35] {+cc_9} our SPRT +$1.10
[09:36] {+cc_9} will revisit on $47 break IF gets there
01[09:40] {&Threei} Short Setup: F .40 break
01[09:40] {&Threei} If holds .45
01[09:40] {&Threei} Russia gives Edward Snowden documents allowing him to leave Moscow airport, source tells RIA Novosti state news agency
[09:44] {+cc_9} SRPT at pre-market lows
01[09:46] {&Threei} Long Setup: C 53 break
01[09:46] {&Threei} If holds .95
[09:46] {ese} forgot to say good morning
01[09:46] {&Threei} ese :)
[09:49] {ese} L armh .19
01[09:51] {&Threei} 1:1
[09:52] {+cc_9} OC big drop
[09:55] {+cc_9} SRPT yup, widow maker
[09:57] {+cc_9} SRPT already trading 5x avg daily volume
[09:57] {ese} armh stopped .80
[09:58] {+cc_9} OC looking for an entry over $39
[10:00] {thomcbell} wow srpt
01[10:00] {&Threei} *(US) JUN NEW HOME SALES: 497K V 484KE
[10:01] {thomcbell} I live in Brooklyn NY - real estate market is retarded here - Crown Heights has been a fairly rough neighborhood for 40 years or more and home prices were up 44% in 12 months
[10:01] {+cc_9} SRPT $28 move from pre-market high
[10:01] {+cc_9} massive selling/shorting here on 2 min, near half a million
[10:04] {+cc_9} SRPT wow. Relentless
[10:06] {thomcbell} what was pre-martket high?
[10:07] {+cc_9} $68
01[10:07] {&Threei} Long Setup: GDX .90 break
[10:08] {+cc_9} SRPT by far the nuttiest chart i've seen in a long time for a listed stock
01[10:09] {&Threei} Invalidated
[10:09] {ese} thats crazy selling for sure
[10:13] {+cc_9} Reading the news now on SRPT, its not really that bad...company is filing for new drug with the FDA in 2014
[10:13] {+cc_9} but then again, biotechs are 99% sentiment
[10:13] {nemo} biotech=women
[10:15] {+cc_9} SRPT very tempting, but just like women, gotta be careful with the temptations
[10:15] {nemo} yeah, we'd still be in The Garden of Eden if it weren't for them
01[10:15] {&Threei} Long Setup: GDX .70 break
01[10:15] {&Threei} If holds .60
[10:19] {thomcbell} what was the pattern there Vad?
[10:21] {Alexs} F SoMG!
01[10:21] {&Threei} no clear pattern on its own, rather fo,llowing SLW which formed clearer reversal and served as a leader
[10:21] {thomcbell} yes that i see
[10:21] {thomcbell} thanks
[10:22] {+cc_9} SRPT, will only take another trade over $41 at this rate
[10:23] {ese} STX also getting pummeled cc
[10:24] {+cc_9} ese, SRPT gave a new definition for the word "pummeled"
[10:24] {+cc_9} STX looks like a baby fade in comparaison
[10:28] {ese} lol
[10:28] {ese} L armh .50
[10:28] {thomcbell} srpt defended at needham
[10:29] {thomcbell} $57 target
[10:29] {+cc_9} That's next to a slew of downgrades
[10:30] {+cc_9} stock will look slightly 'better' if it can cross $41
[10:30] {+cc_9} anything under 41 is capitulation
01[10:30] {&Threei} half out GDX
[10:30] {nemo} cat
01[10:30] {&Threei} stop to .64
[10:34] {+cc_9} SRPT no bounce, giving off negative feel to investors/traders
[10:34] {+cc_9} session lows
[10:35] {+cc_9} there was plenty time for "bargain hungers
[10:35] {+cc_9} hunters* to step in SRPT, they did not, very negative
[10:39] {+cc_9} SRPT now trading 7x avg daily volume with 5 hours to go, wowza
[10:41] {thomcbell} looks like it could make a quick run here
[10:41] {+cc_9} waiting on $41 before stelling back in
[10:41] {+cc_9} last wall it hit on that bounce earlier was 40.50
[10:43] {+cc_9} it can't slowdown or its back to sub 39, needs a fast move over $40.50 to get some in-flow and w/e short covering there is
[10:44] {+cc_9} SPRT 32% of the float is held short
[10:45] {Alexs} stop now .69?
[10:45] {+cc_9} Getting close to that $40.50 test
[10:46] {+cc_9} moment of truth SRPT, $0.10 to go
[10:50] {+cc_9} failed at the wall test
[10:53] {+cc_9} big seller on EDGX 40.27
[10:54] {RonS} not really...been some 10kr's
[10:55] {RonS} and no auto-refills to speak of...
[10:55] {nemo} cat
[10:55] {RonS} at 10 mil traded = 30% of float...
[10:57] {+cc_9} trouble at 40.50 but volume slowing down
01[10:58] {&Threei} yes Alex, sorry, missed it earlier
[10:58] {+cc_9} 4th test of the mid 40s, failed again
[10:58] {Alexs} no problem thanks
[10:59] {+cc_9} SRPT : http://investorwand.com/recommendations/viewcompany/2486
[10:59] {+cc_9} but thats before today
[11:00] {+cc_9} going long SRPT here ahead of the 40.50 break for second trade
[11:01] {+cc_9} 40.50 crack, lets see if can push over 41 now
[11:02] {ese} daaaaa stopped armh .00
[11:06] {ese} L emc .00
[11:07] {+cc_9} SRPT looking for a 41 test
[11:07] {+cc_9} spread tightening a bit
[11:07] {+cc_9} over 8x avg daily volume
[11:08] {ese} might join ya
[11:09] {+cc_9} SRPT closing in 41 test, $0.10 to go
[11:10] {+cc_9} ton of FADF prints on SRPT
[11:10] {+cc_9} SRPT $41.00, big seller on ARCA/EDGX
[11:11] {+cc_9} selling half SRPT here to lock some profits +$0.65
[11:11] {+cc_9} holding rest
[11:15] {+cc_9} bounce players exiting positions here
[11:17] {+cc_9} no follow-through 41, 40 test now *yawn*
[11:17] {+cc_9} ese, ARMH made a nice bounce there
01[11:20] {&Threei} too bad I abandoned fur boots trade for today
[11:23] {nemo} wow cat
01[11:25] {&Threei} Long Setup: GDX .40 break
01[11:25] {&Threei} If holds .30
[11:31] {+cc_9} TOL long here with stop loss 33.10
01[11:45] {&Threei} Long Setup: GDX .40 break
01[11:45] {&Threei} If holds .35
[11:49] {+cc_9} TOL flat lining, SRPT ditto stuck at 40 wall
[11:58] {Alexs} fur boots can't forgive you Vad
01[11:59] {&Threei} apparently
[12:04] {ese} vad does not have fur boots
[12:04] {+cc_9} If there was one stock from yesterday that was worth keeping an eye on again was MLNX
[12:04] {ese} there leather
[12:04] {ese} and
[12:04] {ese} a whip to match
[12:06] {+cc_9} SRPT no "bargain" hunters and volume slowing down, looks like most still view it "overvalued" in addition to the 35% short float.
[12:07] {+cc_9} bid is pegged @ 39.50
[12:12] {+cc_9} SRPT hostage taking by the spread trading algos
[12:12] {+cc_9} all the hoopla now flat line
[12:13] {+cc_9} out TOL
[12:14] {+cc_9} SPY cratering
[12:17] {ese} ok.....i'm now addmitting I am out of touch today....my emc position is doing well ummmm...lets say ok but my first 2 were disasters
01[12:19] {&Threei} i't all nemo's fault btw
[12:19] {nemo} pisdah
01[12:19] {&Threei} for the last 4 years he was warning us about boring summer trading, and was wrong 3 times. This time he is right
[12:20] {nemo} ?
[12:20] {nemo} pray, do tell...
01[12:20] {&Threei} ?
[12:21] {RonS} he skipped the praying and already told...
01[12:21] {&Threei} lol
[12:21] {nemo} kneel before Zod!
[12:21] {nemo} wow, not sure where that came from
01[12:21] {&Threei} thus spake Zaratustra
[12:21] {RonS} ...for some reason loved that Sean Connery movie back in the day...
[12:21] {nemo} nah, Superman
[12:22] {nemo} ?
[12:22] {nemo} Ron, wrong movie
01[12:22] {&Threei} nemo is full of question marks today
[12:23] {ese} phewwww
[12:23] {ese} tks...much appreciated......being absolved for my trading errors today......
[12:24] {ese} as we all know it's never our fault
[12:24] {ese} somebody out there has it in for us
[12:24] {ese} hmmmmmmm
[12:24] {+cc_9} For anyone interested, all the SRPT upgrades/downgrades for today : http://www.theflyonthewall.com/permalinks/entry.php/TSLA;LULU;SDRL;HBC;SRPTid1854425/TSLA;LULU;SDRL;HBC;SRPT-On-The-Fly-Premarket-Movers?symbol=SRPT
[12:24] {ese} wait a minute.....THATS NEMO!!!!!!!
[12:25] {ese} HES HAD IT IN FOR ME FROM THE BEGINNING!!!!!!!
01[12:25] {&Threei} nemo... ese figured you out
01[12:25] {&Threei} the jig is up
[12:25] {nemo} only took him how many years
[12:25] {+cc_9} The funny one in that list is Deutsche Bank
[12:25] {ese} ya eh!
[12:26] {+cc_9} they first give positive comment, then when other desks downgrade, they follow through and do the same
01[12:26] {&Threei} lemmings
[12:30] {+cc_9} SRPT officially trading 10x avg daily vol
01[12:31] {&Threei} Long Setup: IWM .75 break
01[12:31] {&Threei} If holds .70
[12:32] {+cc_9} 40.00 rejected, back to .39.50 peg, bot day
[12:37] {+cc_9} ARMH nonstop
[13:01] {Will49} check'n in
[13:01] {+cc_9} SRPT @ LOD again
[13:01] {RonS} hi Will
[13:02] {Will49} hi...miss you guys ( a bit):)
[13:02] {RonS} sure miss your cornball humor...
[13:02] {Will49} now I don't miss you at all
[13:02] {Will49} kidding
[13:11] {+cc_9} SRPT getting close to plunge status
[13:11] {+cc_9} $0.20 from LOD
01[13:15] {&Threei} (US) Pres Obama: US cannot afford a repeat of the debt ceiling fight; US must invest in education and infrastructure; phony scandals in Washington are distracting from the economy- Income inequality is morally wrong and bad economics - Calls on Republicans to offer plans to help working families; stakes are high for the middle class in the upcoming budget
01[13:15] {&Threei} phony scandals in Washington are distracting from the economy
01[13:16] {&Threei} yeah? maybe stop producing real ones?
01[13:16] {&Threei} Income inequality is morally wrong - so, it's income equality you want?
[13:17] {thomcbell} Obama is Ellsworth Toohey
01[13:17] {&Threei} The Marxist doctrine is omnipotent because it is true.
01[13:18] {&Threei} It is comprehensive and harmonious, and provides men with an integral world outlook irreconcilable with any form of superstition, reaction, or defence of bourgeois oppression.
[13:29] {RonS} thank God this could never happen here: China bans new government buildings in crackdown on waste | http://bloom.bg/18BrTFC
[13:33] {+cc_9} SRPT cratering
[13:33] {+cc_9} session lows 38, 0 buyers
01[13:44] {&Threei} Royal baby named Prince George Alexander Louis
01[13:44] {&Threei} whew... suspense was killing me
[13:47] {nemo} Costanza in there anywhere?
[13:52] {nemo} An atheist was seated next to a little girl on an airplane and he turned
[13:52] {nemo} to her and said, "Do you want to talk? Flights go quicker if you strike
[13:52] {nemo} up a conversation with your fellow passenger."
[13:52] {nemo} The little girl, who had just started to read her book, replied to the total
[13:52] {nemo} stranger, "What would you want to talk about?"
[13:52] {nemo} "Oh, I don't know," said the atheist. "How about why there is no God,
[13:52] {nemo} or no Heaven or Hell, or no life after death?" as he smiled smugly.
[13:52] {nemo} "Okay," she said. "Those could be interesting topics but let me ask
[13:52] {nemo} you a question first. A horse, a cow, and a deer all eat the same
[13:52] {nemo} stuff - grass. Yet a deer excretes little pellets, while a cow turns
[13:52] {nemo} out a flat patty, but a horse produces clumps. Why do you suppose that is?"
[13:52] {nemo} The atheist, visibly surprised by the little girl's intelligence,
[13:52] {nemo} thinks about it and says, "Hmmm, I have no idea." To which
[13:52] {nemo} the little girl replies, "Do you really feel qualified to discuss
[13:52] {nemo} God, Heaven and Hell, or life after death, when you don't know shit?"
[13:52] {nemo} And then she went back to reading her book.
[13:53] {nemo} did that come through
[13:53] {nemo} An atheist was seated next to a little girl on an airplane and he turned
[13:53] {nemo} to her and said, "Do you want to talk? Flights go quicker if you strike
[13:53] {nemo} up a conversation with your fellow passenger."
[13:53] {nemo} The little girl, who had just started to read her book, replied to the total
[13:53] {nemo} stranger, "What would you want to talk about?"
[13:53] {nemo} "Oh, I don't know," said the atheist. "How about why there is no God,
[13:53] {nemo} or no Heaven or Hell, or no life after death?" as he smiled smugly.
[13:53] {nemo} "Okay," she said. "Those could be interesting topics but let me ask
[13:53] {nemo} you a question first. A horse, a cow, and a deer all eat the same
[13:53] {nemo} stuff - grass. Yet a deer excretes little pellets, while a cow turns
[13:53] {nemo} out a flat patty, but a horse produces clumps. Why do you suppose that is?"
[13:53] {nemo} The atheist, visibly surprised by the little girl's intelligence,
[13:53] {nemo} thinks about it and says, "Hmmm, I have no idea." To which
[13:53] {nemo} the little girl replies, "Do you really feel qualified to discuss
[13:53] {nemo} God, Heaven and Hell, or life after death, when you don't know shit?"
[13:53] {nemo} And then she went back to reading her book.
01[13:54] {&Threei} hmmm
01[13:54] {&Threei} deja vu
[13:56] {RonS} pray, and don't tell again?...wait a month next time...not two weeks ;)
[14:03] {ese} ok ....now thats a good one!
[14:03] {RonS} beautiful sight this morning...family of four cooper's hawks ripping apart a rabbit in the back yard...
[14:06] {ese} wow
[14:07] {RonS} classic: http://www.slate.com/articles/news_and_politics/low_concept/2013/07/carlos_danger_name_generator_use_our_widget_to_get_a_name_like_anthony_weiner.html
[14:07] {ese} i guess that ranks up with things you don't see every day
[14:07] {ese} L spy .50
[14:08] {RonS} ya, they rarely go after adult rabbits because the birds are too small to lift them
[14:10] {RonS} guess w/ 2 teenagers and mom & dad they figured could rip it apart to carry off
[14:11] {RonS} the hatclings go from newborn to flying in 2 months...it is amazing
[14:11] {RonS} hatchlings
[14:13] {RonS} 2 weeks to learn to fly and then parents spend 'til first frost teaching how to hunt and kill
[14:13] {RonS} ...then all on their own...
[14:15] {RonS} bidu just ripped $3
[14:19] {thomcbell} lvs looks like a possible entry here 54.85 long break that it just briefly went thru
[14:22] {thomcbell} lvs invalidated obviously
[14:28] {RonS} tol is really heavy but someone put on a dec 35/40 call spread for 1.20 2350 times 282k bet
[14:32] {RonS} wow look volume qcom sept 67.50 45-46k at .50 would be a 2.25 mil bet
[14:38] {RonS} thought those birds took the rabbit, but hid it under some pine needles...now back pecking away
[14:39] {RonS} vmw squeeze
01[14:41] {&Threei} Short Setup: GLD .25 break
01[14:43] {&Threei} invalidated but on watch
01[14:44] {&Threei} venturing in different genre: http://goo.gl/mYRjqr
01[14:48] {&Threei} Short Setup: GLD .40 break
01[14:48] {&Threei} If holds .45
[14:53] {thomcbell} pretty horrendous action srpt - if that low breaks i could see it down near 3-35
[14:53] {thomcbell} 34.35
01[14:56] {&Threei} Short Setup: GLD .45 break
01[14:56] {&Threei} If holds .50
01[15:04] {&Threei} Short Setup: GLD .50 break
01[15:04] {&Threei} If holds .55
01[15:07] {&Threei} 1:3 please, GLD
01[15:22] {&Threei} grrr
01[15:23] {&Threei} Short Setup: FB .30 break
01[15:23] {&Threei} If holds .36
01[15:24] {&Threei} FB reports after close today, let's see if there is some fear in the air
[15:24] {nemo} lotsa' firms reporting
[15:25] {nemo} amzn I think also
01[15:25] {&Threei} V, QCOM
[15:26] {nemo} V will be important
01[15:26] {&Threei} AMZN is tomorrow
01[15:32] {&Threei} frikin GLD
01[15:40] {&Threei} last try
01[15:40] {&Threei} Short Setup: GLD .50 break
01[15:40] {&Threei} If holds .55
01[15:42] {&Threei} meh
01[15:44] {&Threei} Short Setup: FB .40 break
01[15:44] {&Threei} If holds .45
01[15:46] {&Threei} change to .45 break
01[15:47] {&Threei} if that's a fake breakout, that's our last chance to utilize it
01[15:47] {&Threei} If holds .50 of course
01[15:49] {&Threei} die FB
01[15:49] {&Threei} and die fast
[15:50] {ese} well...tomorrows another day...cya
01[15:50] {&Threei} take care ese
01[15:54] {&Threei} shrug
01[15:54] {&Threei} whatever
01[15:54] {&Threei} sniff
01[15:54] {&Threei} have a good evening guys, see you tomorrow
[15:55] {Alexs} take care Vad
