Wednesday, October 23, 2013

Oct 23 2013

Classic DBI, isn't it:


Very good day with many other winning trades, ranging from scalps to 1:3ers and in both directions.

Session Time: Wed Oct 23 00:00:00 2013
[08:55] {nemo} "It's a good thing we don't get all the government we pay for." - Will Rogers
01[09:00] {&Threei}  lol
[09:07] {nemo} CAT crap fevedr
[09:07] {nemo} fever
[09:09] {nemo} could be CAT GAP fever
[09:11] {nemo} 83.52-84.07
01[09:15] {&Threei}  non stop slide
01[09:15] {&Threei}  had will shorted CAT 30 min ago, he would fall in love with it forever
01[09:16] {&Threei}  and live happily scratched ever after
[09:17] {+cc_9} Morning folks.
[09:17] {dino} gm
01[09:17] {&Threei}  cc9, dino :)
[09:17] {+cc_9} GLW pretty fade so far in pre-M
[09:20] {Will49} gm
[09:20] {dino} cree blood
01[09:21] {&Threei}  will :)
[09:22] {dino} usuals, plus cree, glw, cole, arp, rprx, cat, apol
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
01[09:27] {&Threei}  (US) House Speaker Boehner (R-OH) and Republican House leadership to hold press conference at 10:00ET- No topic provided.
01[09:27] {&Threei}  finally
01[09:27] {&Threei}  I couldn't wait for them to come out and speak of... ummm... hmmm
[09:28] {Will49} he's going to sing
01[09:28] {&Threei}  ahhh!
[09:28] {Alexs} lol
01[09:28] {&Threei}  or model for pumkin head
01[09:28] {&Threei}  pumpkin
01[09:28] {&Threei}  I mean, color is there already
[09:28] {RonS} gm lol
01[09:28] {&Threei}  ron :)
[09:29] {ese} gm
01[09:29] {&Threei}  ese :)
[09:31] {+cc_9} GLW fading here
[09:31] {nemo} CAT into GAP
01[09:32] {&Threei} Long Setup:  GDX  .80 break
[09:32] {+cc_9} Long GLW 17.70
01[09:32] {&Threei}  If holds  .75
[09:33] {+cc_9} new is good, think it reverses back over $18. Low short interest which is not good if need a push, but think its a decent trade idea
[09:34] {ese} ron you there...........how'd you do with your ARMH position yesterday.........i noticed that it had shot up
01[09:35] {&Threei} Long Setup:  GDX  .75 break
01[09:35] {&Threei}  If holds  .68
[09:35] {RonS} pretty much a scratch ese
01[09:35] {&Threei}  meh
[09:36] {RonS} lucked out on coh though....took .30 when wanted .45 and it went back to even...
[09:38] {ese} perfect
[09:39] {+cc_9} FB all over the map
[09:39] {+cc_9} sharp bounce here
[09:39] {dino} cree gap fill
01[09:40] {&Threei} Short Setup: CAT  84 break hl
[09:40] {+cc_9} FB flying. @ HOD here
01[09:40] {&Threei}  1:1 if you got it
[09:41] {Will49} missed
01[09:41] {&Threei}  which would be about as close to miracle as to see non-tanned boehner
[09:41] {Alexs} rofl
[09:41] {+cc_9} GLW back to .70s
01[09:42] {&Threei} Long Setup:  SLW  24 break
01[09:42] {&Threei}  If holds  .90
[09:43] {dino} rprx sm l .04
01[09:43] {&Threei}  if you got it, half out
[09:43] {Will49} missed
[09:43] {Alexs} lol
01[09:43] {&Threei}  which would be another boehner sight
[09:43] {Will49} this is no fun
[09:44] {+cc_9} FB going
[09:44] {+cc_9} $52 @ the door
01[09:44] {&Threei}  take this up with boehner, will ya
[09:44] {+cc_9} out FB for $0.45, sitting on GLW
[09:44] {Will49} he'll cry if i gat at him
[09:44] {Will49} get
[09:46] {Alexs} GDX somg
[09:47] {Will49} wierd morning
[09:48] {+cc_9} Yes, headfake open, spoos back to lows
[09:48] {Will49} speaking of wierd
[09:48] {Will49} it's a joke thom
01[09:49] {&Threei}  weird joke {G}
[09:49] {Will49} lol
01[09:49] {&Threei} Long Setup:  CAT  .20 break hl
01[09:49] {&Threei}  If holds  .10
[09:50] {nemo} think glw short if it stays below .75
[09:51] {ese} this should be a field day for dino today
01[09:52] {&Threei}  wow SLW
[09:52] {+cc_9} FNMA @ highest pps since June
[09:53] {+cc_9} lots of pupl
[09:53] {dino} ut rprx .44, +.40
01[09:53] {&Threei} Long Setup:  C  50 break
01[09:53] {&Threei}  If holds  .92
[09:55] {RonS} crus sm l .52
[09:55] {+cc_9} FB holding up well on this market weakness
[09:56] {dino} coh sm l .60
[09:56] {ese} L gsk .77
[09:57] {dino} rprx pulp buck both ways
01[09:58] {&Threei}  stop to .94
01[09:58] {&Threei}  1 cent to 1:1, when SPY decided to make new low
01[10:00] {&Threei}  (US) Former Fed Chairman Greenspan: The large increase in the Fed's balance sheet is not inflationary
01[10:00] {&Threei}  &*(^%$#(
01[10:00] {&Threei}  just shut the fuck up
[10:00] {dino} hal sm l .60
01[10:00] {&Threei}  you did all harm you could and it would be enough for a few lifetimes
01[10:01] {&Threei}  1:1
[10:01] {dino} how do you really feel, 3i?
01[10:01] {&Threei}  by the book from here
01[10:02] {&Threei}  generally good... impatiently waiting for bouehner to finally come out and speak of who knows what
01[10:02] {&Threei}  1:2
01[10:02] {&Threei}  feel even better now
[10:02] {dino} gj
01[10:02] {&Threei}  this is the weirdest opening in a good while
[10:03] {dino} sure, but wtf, can't say can't trade it
[10:04] {+cc_9} getting cornbeef'd on GLW
01[10:04] {&Threei}  stocks jump up and down with gusto worth of boehner tanning salon host, he is about to give press conference no one know topic of, and greenspan speaks of inflation...I mean all I need is for snow to start falling from my ceiling, and weridness will be complete
[10:05] {nemo} CAT GAP CLOSING
[10:05] {nemo} got frickin' Ted Nugent in my head
[10:05] {dino} expecting flurries here tonigth
[10:05] {nemo} cat looking possible long here
[10:06] {ese} eesh!!!!!......should be golfing weather here dino
[10:06] {nemo} frickin' jumped
01[10:06] {&Threei}  you serious dino?
01[10:07] {&Threei}  Alex... Victoria price just went up
[10:07] {Alexs} where are you dino?
[10:07] {Will49} mesa..high of 89 with a chance of tacos
01[10:07] {&Threei}  lol
[10:08] {dino} armh sm l .88
[10:08] {+cc_9} getting sob'ed on GLW
[10:08] {+cc_9} getting corned on GLW
[10:08] {+cc_9} getting camel'd on GLW
[10:08] {dino} yes, was 30 f at 6 am
[10:09] {+cc_9} The market dipped, did you guys BTFD ?
[10:09] {dino} alexs, northeast pa (north of scranton)
[10:09] {+cc_9} IWM full blown reversal
01[10:09] {&Threei}  stop to .14
[10:10] {ese} dino comes from the land of the workin football teams
[10:10] {ese} philly baltimore jets etc etc
[10:12] {dino} jets came thru for me on sunday
[10:12] {+cc_9} QCOR oh god...
[10:12] {Will49} now that's fun
01[10:12] {&Threei}  1:3.5
01[10:12] {&Threei}  out
[10:12] {Will49} nice one Vad
[10:13] {Alexs} back in black
[10:14] {dino} good tune
[10:14] {nemo} dont go there dino
[10:14] {dino} hal to .91
[10:15] {dino} lol nemo, i understand
01[10:15] {&Threei}  here he is!
[10:15] {+cc_9} IWM new HOD
[10:15] {+cc_9} again, BTFD
[10:15] {Will49} heeeeerrrrs jonny!
01[10:15] {&Threei}  as orange as we come to know and love him
[10:15] {ese} L armh .92
[10:15] {dino} hal to .99
[10:15] {dino} out +.39
[10:16] {RonS} gj...think oil report in 15 min
[10:16] {ese} damn............am gonna hear it from vad again....just noticed........dino's in the same stock 6 cents lower ...2 minutes earlier
[10:17] {+cc_9} CREE $1.50 off lows.
[10:17] {dino} ese, sucker   :)
[10:17] {ese} lol
01[10:17] {&Threei}  only of you ask :)
01[10:17] {&Threei}  if
[10:18] {+cc_9} tempted to short this bounce on CREE
[10:18] {ese} dino and I....vads illegitamate children......vad always loved him best
[10:19] {nemo} can't say I blame him
[10:19] {ese} rotflol
[10:19] {nemo} speaking of black sheep...where's Les?
[10:20] {+cc_9} GLW anus'ed
[10:21] {ese} in musc terms good seque
[10:21] {dino} ocr sm l .52
[10:21] {RonS} lol cc new term to me...
[10:21] {nemo} Kurzweillian
[10:22] {+cc_9} 10:18 cc_9 tempted to short this bounce on CREE
[10:22] {+cc_9} That's a full $1.00. Someone shoot me with a small caliber so I can suffer
[10:22] {ese} armh stopped
[10:22] {dino} armh stop -.32
[10:22] {ese} -.24
[10:23] {ese} opps .-34
[10:23] {+cc_9} market all over the damn map
[10:24] {dino} good times cc9
[10:24] {nemo} see the TweetofGod Vad?
[10:25] {nemo} God @TheTweetOfGod
[10:25] {nemo} It's bad enough human beings are the only animals to make pornography. What's worse is they're not the only animals to appear in it.
[10:25] {dino} lol
01[10:25] {&Threei}  lol
[10:25] {ese} lol
[10:26] {ese} arn't you suppose to be trading nemo
[10:26] {Will49} sorry i missed that nemo...was just bringing my goat into the house
[10:26] {RonS} rotflol
[10:26] {nemo} does your wife know that's how you refer to her?
[10:26] {Will49} not yet
[10:27] {ese} ouch
[10:27] {nemo} was watching qcor for a short, but the bottom just dropped out on it
[10:27] {dino} armh was gap fill ese
[10:28] {ese} ya....just watchin that
[10:28] {RonS} swks sm l .45
[10:28] {ese} should bounce from here me thinks
[10:29] {+cc_9} SPY back to lows
01[10:30] {&Threei} Long Setup:  FAZ  26 break
[10:31] {+cc_9} BTFD
[10:32] {+cc_9} IWM another reversal
[10:32] {ese} L armh .60
[10:33] {Will49} is boner still yappin?
[10:33] {+cc_9} no, i'm wearing XS boxers today
01[10:34] {&Threei}  no, he was brief
[10:34] {Will49} lol
01[10:34] {&Threei}  main thing though is,
[10:34] {nemo} cc probably wears a thong
01[10:34] {&Threei}  after his appearanace topic is still as unknown as before
[10:34] {+cc_9} thong aka poop slicer
[10:34] {dino} was he crying
[10:34] {+cc_9} Cashing out IWM BTFD here
[10:35] {Will49} i couldn't get through to him
[10:35] {+cc_9} GLW @ 50% fib pullback, second load here 17.14
[10:35] {dino} armh sm l .60 stop b lod
01[10:35] {&Threei}  I couldn't tell... the dewdrops on pumplin in the morning is rather normal, dontcha think
01[10:35] {&Threei}  pumpkin
[10:35] {+cc_9} dino, don't look @ MDVN today.
[10:36] {dino} i know, saw it pre-mkt, that sob
[10:37] {+cc_9} from now on, when we talk about a motherless goat
[10:37] {+cc_9} we know he resides with nemo
01[10:39] {&Threei} Long Setup:  TNA  .65 break
01[10:40] {&Threei}  make it half lot
01[10:40] {&Threei}  If holds  .50
[10:40] {+cc_9} missed WLP this morning
[10:40] {+cc_9} my fav healthcare stock to trade long on any weakness
01[10:41] {&Threei}  grr
[10:41] {Will49} glad i missd that one
[10:42] {Will49} just when i lowered size, it jumped
[10:43] {Will49} see, see....not my fault
[10:44] {Will49} damn boner, his fault
[10:44] {Alexs} 1:1 was at .80 Vad?
01[10:44] {&Threei}  yeah
01[10:45] {&Threei}  and I felt strong that .76 - .77 was good time to exit, it jumped too fast
[10:48] {RonS} out swks .70  +.25
[10:51] {ese} armh......hit the bottom of the gap dino .14 exactly
[10:56] {+cc_9} IWM only get long when it drops
[10:56] {+cc_9} for that nice BTFD bounce
[10:57] {+cc_9} 109.90 is that level now. i.e 68.teens on TNA
[10:59] {+cc_9} 3x BTFD trade. 10AM / 10:30AM  / 11AM
01[11:08] {&Threei} Long Setup:  GDX  26 break
01[11:08] {&Threei}  If holds  .90
[11:10] {+cc_9} setting stop loss on GLW 16.75
[11:14] {RonS} lad gelded
[11:15] {RonS} and they beat...
[11:16] {Alexs} gdx looks like a trap on 26
[11:22] {RonS} lad gone pulp
[11:29] {dino} eps guids lower ron
[11:29] {dino} guides
[11:31] {dino} out ocr .92, +.40, took awhile
[11:32] {Will49} dino=steady eddie
[11:33] {+cc_9} long FB 51.79
[11:33] {+cc_9} shooting for 52.50 on market reversal
[11:33] {dino} just doing my job
[11:33] {+cc_9} look @ ask size on FB NASD ECN
[11:34] {+cc_9} 27x3540
[11:34] {+cc_9} @ .80 offer
[11:34] {RonS} sm L lad .10
[11:35] {nemo} what, fb gonna' go up if market goes down
[11:37] {+cc_9} nemo, reversal as in up
[11:37] {+cc_9} spy still down by a full handle
[11:37] {nemo} well, iwm holding upward channel as is finnies, and spy holding channel support
[11:41] {+cc_9} SPY some bids
01[11:42] {&Threei}  trying to find pullback for entry on IWM
[11:43] {+cc_9} need one of those intraday tankers for a trade
[11:43] {+cc_9} this crap here is boring
[11:44] {RonS} ...borrow Will's goat?
[11:44] {Will49} rent
[11:45] {RonS} Will49:  professional goat pimp
[11:45] {Will49} :)
[11:52] {+cc_9} Christ, its not even noon yet
[11:53] {dino} rprx lod
[11:54] {RonS} ...wait 6 minutes and call it even...
01[11:54] {&Threei} Long Setup:  IWM  .35 break
[11:54] {+cc_9} GLW somg...takes the stop loss then decides to bounce back
01[11:54] {&Threei}  If holds  .30
[11:55] {+cc_9} YUM nose dive
[11:59] {dino} yum sm l .84
[12:02] {dino} yum stop .60 -.24
01[12:04] {&Threei}  meh
[12:07] {ese} gotta go all catch you tomorrow
01[12:07] {&Threei}  take care ese
[12:07] {ese} cya vad
01[12:16] {&Threei} Long Setup:  GDX  .80 break
01[12:16] {&Threei}  If holds  .75
01[12:18] {&Threei}  two-sided
[12:18] {Alexs} love two-sided
01[12:21] {&Threei}  yes but do you love it twice as much?
[12:21] {Alexs} :)
[12:22] {nemo} wow yum
[12:25] {robbers} In GDX with stop at .84
[12:27] {nemo} cat coming into lows again
[12:27] {nemo} wow, no book overhead
[12:27] {+cc_9} long YUM here small .24
[12:27] {nemo} wow, that's a scary LII on cat
[12:28] {+cc_9} fwiw, YUM dumped on a downgrade.
[12:30] {+cc_9} will be happy with 64.60, but of course asking for .35 today is asking for too much...
[12:31] {+cc_9} YUM .40s on bid
[12:31] {+cc_9} +$0.20 on YUM, taking partial out
[12:31] {dino} yum bird flu report too
01[12:31] {&Threei}  I would keep a stop at .81 robbers
01[12:32] {&Threei}  we are in noon drift time
01[12:32] {&Threei}  and even morning was weird today
[12:32] {+cc_9} i thought kfc was just deep fried bird flu
[12:32] {nemo} I'm having images of the TRON movie where Les got in the machine
[12:33] {+cc_9} Alan Greenspan came out with his book today
[12:33] {+cc_9} its called "fuck it, im out guys"
[12:33] {+cc_9} Alan Greespan looks like a melting candle that can talk
01[12:33] {&Threei}  foreword starts with "Nyanya nya nya nya"
[12:34] {Will49} LOL Vad
[12:34] {nemo} Hey hey hey gooooood byeeeeeee
[12:34] {+cc_9} come on YUM, gibsme .50 bid
[12:35] {nemo} what...u Friesisch?
[12:35] {+cc_9} YUM .50 offer, so far so good. $0.10 on target
[12:36] {nemo} iwm can't make lower lows
[12:37] {+cc_9} YUM chart looks prime here
[12:38] {+cc_9} out rest YUM +$0.30
[12:38] {+cc_9} she goes higher, but today was a dog day, so taking w/e i can
[12:38] {+cc_9} YUM @ .60 target price on bid.
[12:38] {RonS} Report: Russia drops piracy charges against Greenpeace activists in Arctic protest; adds hooliganism charge
[12:39] {+cc_9} That is because they know they cannot prove piracy.
[12:39] {RonS} ...wonder how you say that in Russian...
[12:39] {Will49} Roooskis are getting soft
[12:39] {+cc_9} No Will, its politics. Piracy is hard to prove.
[12:39] {+cc_9} For example, the platform was technically not even on Russian waters.
[12:39] {+cc_9} in*
[12:40] {Will49} hard to prove never stopped them before
[12:43] {+cc_9} yes, but Russia is trying to "reform" its "image"
[12:43] {+cc_9} also, YUM .65
[12:43] {nemo} just drop them at the gulag for a vacation
[12:45] {+cc_9} YUM .70
01[12:46] {&Threei}  you assume they need to prove anything
01[12:46] {&Threei}  they don't
[12:46] {+cc_9} Vad, don't tell me about Russia...
[12:46] {+cc_9} [sarcasm intensifies]
01[12:46] {&Threei}  "If there is a person, we can match them with charge"
[12:47] {nemo} aaahhh....wait a minute
[12:48] {nemo} "Show me the person, and I'll find you the crime." - Lavrentii Beria,
01[12:48] {&Threei}  yes, that's just a bit bastardized version
01[12:48] {&Threei}  mine is closer to the spirit of what he said
[12:48] {+cc_9} "Show me the dip, and I'll buy it" - Cc_9
[12:49] {RonS} lol
[12:49] {nemo} Les isn't here
01[12:49] {&Threei}  your version can be construed as: anyone has some skeletons in the closet
[12:49] {nemo} iwm looks long
[12:49] {dino} coh sm l .22
[12:49] {+cc_9} YUM still going
01[12:49] {&Threei}  actual one rather says: anyone can be charged with whatever
[12:49] {+cc_9} 12:28 cc_9 long YUM here small .24
[12:49] {+cc_9} gibsme my shares back
[12:49] {nemo} 65-65.30ish me thinks cc
[12:50] {+cc_9} yes, plenty room to go
[12:50] {+cc_9} imhfdbo
[12:50] {+cc_9} in my honest fking dip buying opinion
[12:50] {+cc_9} just in case
[12:50] {nemo} ahhhh
[12:50] {nemo} got the first 4 right and the last
[12:51] {+cc_9} FB coming back
01[12:53] {&Threei}  cover half GDX here
[12:56] {+cc_9} FB back to .80 :)
[12:56] {+cc_9} ahead of the SPY turning
[12:57] {+cc_9} same massive offer on FB
[12:57] {Alexs} trail FB to .78?
[12:58] {+cc_9} im staying with FB alex until 52.50 +
[12:58] {+cc_9} right now stop @ .40
[12:58] {Alexs} sorry no FB I meant GDX
01[13:00] {&Threei}  .76, IMO
01[13:00] {&Threei}  no risk
[13:02] {+cc_9} YUM .80
[13:02] {+cc_9} talk about leaving money on the table.
[13:03] {+cc_9} $65 around the corner oh god...
[13:03] {nemo} yeah, I figured between here and 65.30ish
[13:04] {+cc_9} i dun wan to hear dat ish nemo, i wan my shares bakk
[13:04] {+cc_9} oh god its going parabolic now
[13:05] {+cc_9} id gladly change places with the hooligan/pirate fellows, i need some pain in my life
[13:05] {Will49} try my goat
[13:05] {nemo} give me your address
[13:06] {+cc_9} nemo : 850 Trafalgar Ct #400, Maitland, FL 32751
[13:06] {nemo} really?
[13:06] {+cc_9} yea
[13:06] {nemo} wow
[13:06] {nemo} just don't start talking about how nice the weather is
[13:06] {+cc_9} actually, pls don't send anything, that's the FBI's address
[13:07] {+cc_9} and im actually serious about this part.
[13:08] {nemo} hehehe iwm looks for gap close
[13:11] {nemo} mmhhh yum did perfect 38.2 retrace
[13:14] {+cc_9} yes, i love tickets that respect the fib nemo
[13:14] {+cc_9} GLW current wall is now its intraday 50%
[13:16] {+cc_9} nemo, look @ STXS pulpy little dog
[13:16] {nemo} qcor might break out again
[13:16] {nemo} what news stxs
[13:17] {+cc_9} http://finance.yahoo.com/news/stereotaxis-niobe-r-system-receives-103100462.html
[13:17] {nemo} MPC seller
[13:17] {nemo} .45
[13:18] {Alexs} JPM short .90?
[13:19] {+cc_9} tough call, index hanging @ top range =/
01[13:21] {&Threei}  stop to .72
01[13:21] {&Threei}  alex... yes
01[13:25] {&Threei}  die GDX
01[13:33] {&Threei}  cover 1/4 more
01[13:33] {&Threei}  stop to .66
[13:33] {Les} what we in?
01[13:33] {&Threei}  GDX
01[13:33] {&Threei}  from .75, so don't even think of chasing down there
[13:35] {Les} nice chart setupè
01[13:35] {&Threei}  who is bored, selection of shots just before the autumn colrs shooting gallery starts: http://photography.realitytrader.com/2013/10/rainbows-sunsets-unrelated-animals.html
01[13:35] {&Threei}  yeah, classic DBI
[13:35] {Les} what's Nemo doing in that photo shoot?
01[13:35] {&Threei}  lol
01[13:36] {&Threei}  nemo... give Les his dues, this was a good one
[13:37] {+cc_9} STXS going again
[13:40] {dino} japan approval on drug for stxs
[13:41] {+cc_9} yes
01[13:42] {&Threei}  out GDX in full
01[13:42] {&Threei}  life is good
[13:42] {Will49} nice calll
[13:46] {nemo} I dont see any rabbits?
[13:47] {Will49} ?
[13:47] {+cc_9} STXS through the roof!
01[13:47] {&Threei}  ducks won't do?
[13:48] {nemo} what is this, give everybody a trophy for showing up day?!
[13:49] {nemo} oh shit..I have to get drunk tonight...World Series
[13:50] {nemo} I am amazed how small the offer book is on Cat
[13:50] {robbers} Duck!   (I like the shots of ducks best of all).
[13:50] {+cc_9} if anyone watching, YUM ramped to 65.20
[13:52] {+cc_9} GDX looks half decent for a long trade till 25.50
[13:52] {+cc_9} any takers ?
[13:54] {+cc_9} hehehe
[13:54] {nemo} yum likely a short coming
[13:55] {dino} out coh .15 -.05
[13:57] {+cc_9} i think YUM continues to climb nemo
[13:57] {+cc_9} big money behind this one
[13:58] {nemo} if it get's past .30ish, you're right
[13:58] {+cc_9} im having some fun with STXS for now
[13:59] {+cc_9} stock trading 7x avg daily volume.
[13:59] {+cc_9} 90% of it is suckers
[13:59] {RonS} lol...German Chancellor Merkel calls President Obama after finding out US may have spied on her mobile phone
[14:00] {nemo} if you can't tell who the sucker is...
01[14:01] {&Threei}  lol
[14:01] {nemo} ;-)
[14:01] {+cc_9} Did she call him using her cell phone ?
01[14:01] {&Threei}  that was my first thought
01[14:01] {&Threei}  (US) NSA reportedly tried to monitor German Chancellor Merkel's personal mobile phone for several years; Merkel lodged a complaint with Pres Obama in a conversation today - German press- Merkel asked Obama for a full explanation. Obama said the US was not surveilling her phone.
[14:01] {nemo} too funny...they all know we do it, and they use our intel
[14:01] {+cc_9} this is the time when we need a bio pharma crash stock
[14:01] {dino} wait until she finds out about the bathroom camera
01[14:01] {&Threei}  ewwww
[14:02] {nemo} I hope that never gets out
01[14:02] {&Threei}  I mean, you've seen here?? :)
01[14:02] {&Threei}  her
[14:02] {nemo} Hah!  They'll blame it on Bush
[14:02] {dino} yes
01[14:02] {&Threei}  then Obama said, we will find out who did that without informing me and, umm, demote him
01[14:02] {&Threei}  hey... where is ese?
[14:03] {dino} school
01[14:03] {&Threei}  he complained about big bad militant Harper while endorsed kind gentle peaceful Obama
01[14:04] {&Threei}  (US) White House's Carney: Health and Human Services to provide reporters with daily briefings to update on ACA website problems- White House pledges to make as much information available as possible.
[14:04] {nemo} mmmhhh getting weakening across indexes, but slowly weaker
[14:07] {nemo} spy oscillating around  yesterday's pivot
[14:10] {RonS} out lad 64.10 +3.00
[14:10] {+cc_9} STXS beasting
01[14:10] {&Threei}  wtg ron
[14:11] {RonS} ty
01[14:11] {&Threei} Long Setup:  GDX  .40 break
[14:11] {+cc_9} whoa, huge play Ron
[14:11] {Will49} three cheers ron
[14:11] {+cc_9} why did you not tell me about it !!!
01[14:11] {&Threei}  If holds  .34
[14:11] {RonS} posted it cc...
[14:12] {+cc_9} lol good work Ron, messing with ya
01[14:13] {&Threei}  [11:34] {RonS} sm L lad .10
01[14:13] {&Threei}  Invalidated  GDX
[14:13] {+cc_9} LAD going up on upgrade from BofA
[14:14] {nemo} YUM dropped, 65 level
[14:14] {robbers} GDX thinks we're still short...didn't get the memo.
01[14:15] {&Threei}  lol
01[14:15] {&Threei}  bekoze it's stoopid
[14:16] {+cc_9} when BofA upgrades a stock it means they are looking for bag holders
[14:17] {nemo} gdx setting up
[14:17] {+cc_9} Ron, thanks for LAD, gave it a short on the short side }}} http://img11.imageshack.us/img11/8596/v91a.jpg
[14:17] {+cc_9} SS 65.12, covered 64.60 limit, instaregret
[14:19] {+cc_9} nemo, nice call on .20 YUM
[14:19] {RonS} gj cc
[14:20] {nemo} institutions still selling it
[14:21] {+cc_9} that BofA upgrade just meant "short the pop"
[14:21] {nemo} it went up and kissed the vwap
[14:23] {RonS} ffiv blood
[14:24] {nemo} GDX vad
[14:25] {RonS} ffiv a no touch reports ah...
[14:26] {+cc_9} YUM coming back
01[14:26] {&Threei} Long Setup:  GDX  20 break
01[14:26] {&Threei}  If holds  .15
[14:26] {dino} ffiv 4:05 earnings release
[14:28] {+cc_9} Ron, LAD float is 22M
[14:28] {+cc_9} trading 10% today with an avg of 300k/day
[14:28] {+cc_9} that's some action
01[14:30] {&Threei}  meh
[14:30] {+cc_9} gamble trade, long LAD here for another pop to 64
[14:33] {+cc_9} don't hold the next statement against me
[14:33] {+cc_9} come on LAD, push!
[14:35] {+cc_9} LAD volume
[14:41] {nemo} Here's SPY today:  http://bit.ly/1aafAMS
[14:41] {nemo} PP-1 is yesterday's pivot, that green diagonal is a channel line from the beginning of the swing low a coupla' weeks back
[14:42] {+cc_9} market @ a channel since 10AM
[14:42] {nemo} even though it's basically been flat, it's hugging that channel line now
[14:44] {+cc_9} SPY trying a wittle here
[14:45] {nemo} well, nobody is gonna
[14:45] {nemo} short this market
[14:50] {+cc_9} STXS im thinking first an EOD rally to gather the sheep
[14:50] {+cc_9} then a gap to keep them
[14:50] {+cc_9} then a flush
[14:57] {Les} back
[14:57] {Les} see stxs
[14:57] {Les} like .25 short
[14:57] {Les} but bouncing like Nemo's bunny
[15:01] {+cc_9} FB still in, looking for a breakout to .50
[15:04] {+cc_9} boy do i feel cheated for having let go of GLW
[15:04] {RonS} rails went ape today...look cp
[15:04] {RonS} nsc
[15:04] {RonS} ksu
[15:05] {+cc_9} good call who ever said qCOR was going for another b/o earlier, it did
[15:05] {RonS} AEGR run
[15:06] {Alexs} CREE short .40?
01[15:07] {&Threei}  hl
01[15:07] {&Threei}  this thing can be jumpy
[15:07] {nemo} riding vwap, longer more likely if market goes higher
[15:07] {+cc_9} FB @ HOD range, we breakout now
01[15:09] {&Threei} Long Setup:  FB  .05 break
01[15:09] {&Threei}  If holds  .95
[15:11] {+cc_9} giddy up FB
[15:11] {Les} she jumped me entry price
01[15:11] {&Threei}  1:1 if by some miracle you got it
[15:11] {Will49} missed
[15:11] {nemo} unbelievable...thing doesx 50 mil shares a day and jumps like that
[15:11] {Alexs} CREE 1:1
01[15:12] {&Threei}  [15:11] {Les} she jumped me entry price --- will had a girlfriend like that once
[15:12] {+cc_9} been sitting on FB since mid morning @ 51.80 for this moment
[15:13] {Les} shoulda taken .02 when vad made the call. Was liking CC's take. c'est la vie
[15:14] {+cc_9} all flat, going to see how they play out STXS into the close
[15:14] {Alexs} CREE 1:2
[15:15] {Will49} haha Vad
[15:15] {Alexs} out CREE .11
[15:16] {+cc_9} market taking a dump
[15:16] {+cc_9} STXS 5.10
01[15:16] {&Threei}  very nice on on CREE alex
[15:16] {+cc_9} this is the level it held earlier at 1:30
[15:17] {Alexs} ty for guidance Vad
[15:17] {Will49} wtg alex
[15:18] {Alexs} ty will
01[15:19] {&Threei} Short Setup: SWY  .60 break
01[15:20] {&Threei}  If holds  .65
01[15:20] {&Threei}  1:1
01[15:20] {&Threei}  Apple Inc Icahn sends letter to Cook; will disclose contents of letter on website - tweet
01[15:21] {&Threei}  Cook: I was eaten in Hawaii centuries ago, why don't you leave me alone
[15:21] {Alexs} lol
[15:21] {nemo} where's ese...need a rim shot
[15:22] {+cc_9} STXS holding that 5.10 area
[15:22] {+cc_9} bid back @ .20
01[15:22] {&Threei}  (US) Sen Manchin (D-WV) is working on legislation to effectively delay Obamacare's individual mandate for one year
01[15:23] {&Threei}  if no one can find him starting tomorrow morning, you know it was not the best idea
[15:23] {nemo} makes sense...but since it's a democrat it'll go through
[15:23] {nemo} everybody else got a delay
01[15:25] {&Threei} Short Setup: CAT  .30 break hl
[15:25] {Alexs} nemo you live with obamacare for years in MA, don't like it?
01[15:25] {&Threei}  If holds  .40
[15:25] {nemo} Romney care...a bit different...you have insurance, try getting services
[15:26] {nemo} that's what they don't get...you'll have insurance...whoopee...I have insurance
01[15:30] {&Threei}  let's cover half
01[15:30] {&Threei}  this huge .21 bid may or may not give up
01[15:30] {&Threei}  better be safe
01[15:30] {&Threei}  than scratched by CAT
[15:31] {Will49} oh yeah
[15:31] {nemo} you might see short covering soon
[15:31] {nemo} especially this close to the whole number
01[15:31] {&Threei}  feels like rug will be pulled
01[15:32] {&Threei}  tests this .21 again and again
01[15:32] {&Threei}  this rarely ends well for support
01[15:32] {&Threei}  there
01[15:34] {&Threei}  1:2
[15:35] {RonS} mdvn ape
[15:36] {Will49} nice one to end on vad
[15:36] {Will49} like hitting a long straight drive on the 18th hole
01[15:36] {&Threei}  :)
[15:36] {Will49} can't wait to come back
[15:36] {nemo} yeah, straight to the 19th
[15:37] {Will49} :-)
[15:38] {Will49} but not 3 putting the 18th either
[15:39] {nemo} wow, .30 range in spy since 11:30, basically a .40 in spy
[15:41] {nemo} I'm going to try and kill bambi
01[15:42] {&Threei}  {Bambi's pimp} HEY!!
[15:43] {Les} Bambi's got the homeland defence hotline, she'll be right...
01[15:45] {&Threei}  lol
[15:45] {Will49} another "nice day" Vad....cheers
01[15:45] {&Threei}  :)
[15:45] {+cc_9} ok folks
[15:45] {+cc_9} calling it a day here
[15:45] {+cc_9} see you all demain
[15:45] {+cc_9} good work Vad
01[15:46] {&Threei}  ty
[15:46] {Les} ciao bon soirée cc
[15:46] {Les} FB banging 52 short
[15:46] {Les} short .09
01[15:52] {&Threei}  nice drop
01[15:52] {&Threei}  wtg Les
[15:53] {dino} gj
[15:53] {Les} took yer SWY drop following 1:1 which failed 2nd time round, so little more than flat
[15:53] {Les} but not trading shit anymore, so happy
01[15:54] {&Threei}  why secondary entry if 1:1 was reached
01[15:54] {&Threei}  secondary entries are usually good before 1:1
[15:54] {Les} do you really need to ask that, or would you like to pass straight on to a slapping
01[15:54] {&Threei}  whatever keeps youi from doing that again :)
01[15:55] {&Threei}  look at it this way:
01[15:55] {&Threei}  after 1:1 reached, trigger becomes new resistance;
01[15:55] {&Threei}  breaking that resistance invalidates the short, that's why we trail stop to it;
01[15:55] {&Threei}  thus, why would you want to take that entry of an invalidated trade?
[15:55] {Les} huh?
[15:56] {dino} calling it a day, bit light, dead afternoon for me
01[15:56] {&Threei}  take care dino
01[15:56] {&Threei}  which part, Les
[15:56] {Les} just messin with ya. I know it was a no no
[15:57] {Les} and paid for it
01[15:57] {&Threei}  well, doing no no things is a no no
01[15:58] {&Threei}  thanl you all, have a great evening
01[15:58] {&Threei}  see you tomorrow
[15:58] {Les} cheers

Tuesday, October 22, 2013

Oct 22 2103

9 calls, 8 wins - need I say more? One of those days when patterns just work, despite all the assurances from everywhere that HFT, algos and whatnot have destroyed them da patterns. And stole your lunch. And breakfast. GDX, GLD, FCX, CAT, FB - things just work when there is volume.


Session Time: Tue Oct 22 00:00:00 2013

[09:04] {dino} gm
01[09:04] {&Threei}  morning dino
[09:12] {drewj} morning guys
01[09:12] {&Threei}  drew :)
[09:13] {nemo} I wish I could get a bottle of vodka like Thor's draught horn
[09:15] {dino} i just wish i could get a bottle of vodka
[09:15] {nemo} wife won't let you?
[09:16] {dino} no, just thinking that i need to pick up some vodka. any recommendations?
[09:17] {nemo} Tito's, Grey Goose, Ketel 1
01[09:17] {&Threei}  Russian Standard
[09:17] {dino} tito's, i will look for, never had it
[09:17] {nemo} doubles as napalm
[09:17] {nemo} Russian standard that is
01[09:17] {&Threei}  Iceberg, if it's sold in your stores
[09:18] {dino} ok, i will be looking this week
[09:18] {nemo} listen to me Dino, Vad's a Ukranian, I drink with real Russians
[09:18] {Will49} gm
[09:18] {dino} lol
01[09:18] {&Threei}  that bs sir
01[09:19] {&Threei}  will :)
[09:23] {RonS} greetings & salutations everyone
[09:24] {Will49} and to you kind sir
01[09:24] {&Threei}  ron :)
[09:25] {nemo} why is fcx up so much?
01[09:26] {&Threei}  good report
01[09:26] {&Threei}  Freeport McMoran Copper & Gold Inc Reports Q3 $0.79 v $0.63e, R$6.17B v $5.71Be- Reaffirms FY13 CAPEX to $5.5B (prior $5.5B on July 23rd)
[09:27] {ese} gm
[09:28] {Alexs} gm
01[09:28] {&Threei}  ese, alex :)
[09:31] {+cc_9} good late morning
01[09:31] {&Threei}  cc9 :)
[09:32] {+cc_9} read a report from an economist at Credit Suisse stating that the market will move up on the #s today (for 30minutes). He even gave how much the market will move.
[09:32] {nemo} would you call him and have him email me 6 numbers please
[09:33] {Alexs} why he still works as economist?
01[09:33] {&Threei}  lol
01[09:34] {&Threei} Long Setup:  GDX  .50 break
01[09:34] {&Threei}  If holds  .40
[09:34] {+cc_9} OSIR
01[09:35] {&Threei}  1:1
01[09:35] {&Threei}  thank you Credit Suisee economist
[09:36] {+cc_9} OSIR here we go
[09:36] {+cc_9} low volume pulpy one, but large movement yesterday
[09:39] {+cc_9} UNH ripe on 15min if can get through 69
01[09:39] {&Threei} Short Setup: FCX  .40 break
01[09:39] {&Threei}  If holds  .50
[09:40] {dino} coh sm l .10
01[09:40] {&Threei}  1:1
[09:40] {+cc_9} RSH gave back all its run EOD yesterday
[09:41] {RonS} rsh report horrible
[09:41] {+cc_9} yes
[09:42] {robbers} Out, thanks Vad.
01[09:43] {&Threei}  don't thank me thank Credit Suisse economist
[09:43] {robbers} Maybe he's one of us, LOL.
01[09:43] {&Threei}  I take all my trades of first 30 min per his guidance
[09:44] {robbers} Can't he be more precise, like a call for a five minute window?
01[09:44] {&Threei}  those economists...
01[09:44] {&Threei} Long Setup:  SLW  /95 break
01[09:44] {&Threei}  If holds  .85
01[09:49] {&Threei}  GDX 1:2
[09:50] {ese} Larmh .53
01[09:50] {&Threei}  SLW 1:1
01[09:50] {&Threei}  thank you Credit Suisse economist
[09:52] {robbers} Out, feels toppy to me, ty.
01[09:52] {&Threei}  :)
[09:54] {robbers} Plus, the 30 minutes is almost up.
01[09:54] {&Threei}  lol
01[09:54] {&Threei}  still... he said 30
01[09:55] {&Threei}  I am holkding onto them for 6 more minutes
01[09:55] {&Threei}  5
01[09:55] {&Threei}  and ending him invoice if things turn down earier
01[09:55] {&Threei}  seidning
[09:55] {ese} armh stopped .20
01[09:55] {&Threei}  should I try third time?
[09:56] {dino} brew spike
[09:56] {robbers} Dino drinking again.
01[09:56] {&Threei}  not yet, he is deciding between vodka suggestions he got earlier
01[09:57] {&Threei}  [09:16] {dino} no, just thinking that i need to pick up some vodka. any recommendations?
01[09:57] {&Threei}  [09:17] {nemo} Tito's, Grey Goose, Ketel 1
01[09:57] {&Threei}  [09:17] {&Threei} Russian Standard
01[09:57] {&Threei}  [09:17] {dino} tito's, i will look for, never had it
01[09:57] {&Threei}  [09:17] {nemo} doubles as napalm
01[09:57] {&Threei}  [09:17] {nemo} Russian standard that is
01[09:57] {&Threei}  [09:17] {&Threei} Iceberg, if it's sold in your stores
[09:59] {ese} ok then......armh taking a beating......rev report yesterday was ok.....any news out there that i'm missing
01[09:59] {&Threei}  brew spike eh... that's fine just don't spike brew, OK?
[09:59] {ese} this should bounce
[09:59] {robbers} So what is the economist's call for the next 30 minutes, I'm not trading till we get that.
[09:59] {dino} brew hl s .42
01[09:59] {&Threei}  *(US) OCT RICHMOND FED MANUFACTURING INDEX: 1 V 0E
[09:59] {Will49} egads.....had 3 trades on a once...first time ever
[10:00] {Will49} still in 2
[10:00] {ese} super star
01[10:00] {&Threei}  1:3 GDX
[10:00] {ese} go will go
[10:00] {robbers} Role model for me.
[10:00] {Will49} now 1
01[10:00] {&Threei}  there is first time for evertything will :)
[10:00] {Will49} so they say
[10:00] {dino} nothing ese
[10:00] {Will49} i still remeber my first time :)
[10:00] {nemo} Les is the exception...he's never had an intelligent thought
01[10:00] {&Threei}  I still remember our first kiss with GDX... I am in love ever since
[10:01] {robbers} Yeah, I'm 58 and expecting to get laid any day now.
[10:01] {ese} tks dino
[10:01] {dino} lol
[10:01] {nemo} any sheep farms nearby there robbers?
[10:01] {ese} want back into that one at some point
[10:01] {Will49} lol robbers
[10:01] {robbers} All I have to say to that is BAAAAAAAA!!
[10:01] {nemo} gap and grind day
[10:02] {dino} armh sm l .70
[10:02] {Will49} haha
[10:02] {+cc_9} OSIR tanking here, worth keeping an eye on
[10:03] {+cc_9} it snapped about $2.00 yesterday on its sell-off
[10:04] {robbers} Nice recovery by SLW, but I was too busy on the sheep dating site.
[10:04] {ese} l armh .75
[10:04] {ese} sm
[10:04] {Will49} yes!
[10:04] {Will49} out SLW 1:3
[10:05] {Will49} out GDX 1:3
[10:05] {robbers} Nice Will, great patience.
[10:05] {Alexs} 1:3 .35 will
[10:05] {Will49} now THAT'S what i'm talkin about
01[10:05] {&Threei}  out
[10:05] {robbers} Am trying to learn from you.
[10:05] {ese} wtg will
[10:05] {Will49} tks
01[10:06] {&Threei}  2 1:3ers and scalp in first 35 min - that's what having Credit Suisse economist on your side does
[10:06] {Will49} :)
01[10:06] {&Threei}  ARMH starts working
01[10:07] {&Threei}  good entry dino
[10:07] {+cc_9} MDVN scary chart but very nice $ movement
[10:07] {Alexs} slw didn't touch 1:3 did it?
[10:07] {robbers} High of 31.5
[10:07] {ese} out armh 23 +.43
01[10:08] {&Threei}  not precisely but 30 min is up and last couple cents are immaterial
[10:08] {ese} oh vad........you always liked dino best!!!!!!
[10:08] {ese} i'm hurt
01[10:08] {&Threei}  [10:02] {dino} armh sm l .70
01[10:08] {&Threei}  [10:04] {ese} l armh .75
[10:08] {ese} ya ......
[10:09] {dino} gj ese
01[10:09] {&Threei}  his entry is 2 min earlier and 5 cents lower
[10:09] {dino} and i want a $
[10:09] {ese} lol
[10:09] {dino} want, want, want....
[10:09] {ese} yup yup yup
[10:10] {dino} mdvn odd, thing should rock
01[10:10] {&Threei} Short Setup: FCX  .60 break
[10:10] {dino} sm l .50, wide
01[10:10] {&Threei}  If holds  .70
[10:12] {+cc_9} MDVN on the move
[10:12] {dino} out mdvn .80, +.30
01[10:13] {&Threei}  1:1
[10:13] {Will49} crap---missed
[10:13] {dino} .10 seems to be resistance mdvn
[10:13] {drewj} me too will
[10:13] {robbers} Excellent call on FCX.
[10:14] {Will49} Vad on a roll
[10:15] {dino} brew stop
[10:15] {Will49} called a pub
[10:16] {dino} mdvn sm l .00
[10:16] {dino} lool will
[10:17] {dino} lol
[10:17] {robbers} Funny Will, your sense of humor is even better when you're up a few hundred, eh?
[10:17] {Will49} true dat
[10:17] {dino} ghetto, huh will
[10:17] {Will49} ask my wife
[10:18] {RonS} Mistress Helga?
[10:18] {Will49} true dat is an old scottish saying
[10:18] {ese} wow dino...the 30 candles on mdvn look bizzare
[10:18] {ese} 30 min
[10:18] {Will49} mistress days are over Ron:)
01[10:19] {&Threei}  does she know that?
[10:19] {+cc_9} another old scottish saying for "I would like some of that" is "gibsme dat"
[10:19] {Will49} haha
[10:19] {Will49} you have to axe yourself...
[10:20] {dino} ese, wait for it.... out armh .71, +1.01
[10:20] {Will49} oy vey
[10:25] {ese} lol.....awesome dino
[10:25] {robbers} I'll have to try "gibbsme dat" on the Scottish women, maybe that'll get me laid.
[10:25] {robbers} wtg dino.
[10:26] {Will49} from what i hrea..it'll take more than that robbers :)
[10:26] {Will49} hear
[10:26] {ese} i will pobably under achieve all my trading life because vad likes you best
[10:26] {RonS} pic.twitter.com/SJZNzemm5e
[10:26] {dino} thx robbers
[10:27] {ese} he's turned everyone against me......will won't come out for beers with us.....nemo and les insult me......i' i'm i'm hurt
[10:28] {Will49} ese...all you do is sit around and pick my brain for trades
[10:28] {ese} lol
[10:29] {thomcbell} gm all
[10:29] {ese} T
01[10:29] {&Threei}  tbell :)
01[10:29] {&Threei}  missed perfect morning... 4:4
[10:29] {ese} T vad has turned everyone against me today
[10:29] {ese} will you be my friend
[10:30] {Will49} ok
[10:30] {Will49} you buy
[10:30] {ese} lol.....alright
[10:32] {Will49} as a bonus, i'll give you a couple of tips :)
[10:32] {ese} oh alright
[10:32] {+cc_9} slow 10:30
[10:32] {+cc_9} need some of those tankers/runners
[10:33] {ese} don't eat yellow snow
[10:33] {ese} ?
[10:33] {dino} brew sm s .38
[10:33] {Will49} good tip
[10:34] {Will49} my first life lessons, don't eat yellow snow and don't pee into the wind
[10:35] {nemo} Zappa and Croce
[10:35] {Will49} also, don't put tongue on frozen handrail
[10:35] {thomcbell} glad to hear 4:4
[10:35] {nemo} A Christmas Story
[10:36] {Will49} nemo...you mean those guys wrote a song about it?
[10:36] {dino} double dog dare
01[10:39] {&Threei}  TSLA National Highway Transportation Safety Administration (NHTSA) confirms is gathering information on the 10/2 crash; no formal investigation yet decided upon - press
[10:39] {ese} as soon as the 1min 20min ma in armh crosses below then back above the 1min 50 ma....i'm going to be back in that one with avengence
[10:41] {ese} what crash was that?
[10:42] {dino} battery explosion fire
[10:42] {ese} hmmmmm  what vehicle?
[10:42] {dino} tesla
[10:43] {ese} make i mean
[10:43] {dino} dk
[10:43] {ese} my wife has a prius
01[10:43] {&Threei}  maker is Tesla
01[10:43] {&Threei}  dream of environmental hypocrites
[10:43] {ese} what model vad
[10:44] {dino} ran over something on road, it hit battery, explosion
01[10:44] {&Threei}  why, you pick among their models?
[10:44] {+cc_9} QQQ @ LOD pps
01[10:44] {&Threei}  they are all crap
[10:44] {ese} hmmmmmm...that sounds like extreme bad luck
[10:44] {ese} because my wife has a prius
01[10:45] {&Threei}  prius has nothing to do with those
[10:45] {+cc_9} NFLX $50 flush
01[10:45] {&Threei}  it's a tested and proven model
[10:45] {ese} the time goes for a couple of months on a tank of gas
[10:45] {ese} thing
[10:45] {ese} thats what i wanted to know
01[10:45] {&Threei}  teslas are pure electric, bleeding edge
[10:46] {Alexs} I think tesla is the best electric car ever
[10:46] {thomcbell} FB long small
01[10:46] {&Threei}  look very cool on a first glance, in 5 min start feeling like a stuff from dated sci fi movie
[10:47] {Alexs} that 10/2 crash is a nonsense
[10:47] {ese} we get from here to your place totally electric...don't even use gas
[10:47] {RonS} nflx...heard Hastings said market exhuberance like '06...nflx fell 70% that year...conf call oops...
[10:47] {ese} how so A
[10:48] {ese} armh....going according to plan
01[10:48] {&Threei}  until they start making money from selling their cars to the public, it's all exercise in futility
[10:48] {+cc_9} QQQ starter here @ .30
[10:48] {ese} is Ballard still around......
01[10:48] {&Threei}  as of today, they make money from selling carbon credits
[10:49] {ese} carbon credits?
[10:49] {ese} whats that
[10:49] {RonS} ya, Ballard still south of Seattle...
01[10:49] {&Threei}  another idiotic goverment scheme of taking from one to give to another
[10:49] {RonS} ba hasn't bombed it yet...
[10:49] {+cc_9} FB flushing hard
[10:49] {ese} they were in vancouver at one point i thought
[10:51] {RonS} Ford went for 5 years of fires before investigation...
[10:51] {Will49} oh oh...here comes another Canuck into the room
[10:51] {+cc_9} Tech dumping hard
[10:52] {RonS} ...but where is Mr. Canada?
[10:52] {Will49} getting his name changed
[10:52] {ese} mrcanada?
[10:52] {Will49} good timing ron
[10:52] {RonS} ...putting on his RMCP suit?
[10:53] {RonS} sheesh MDVN...
[10:54] {Will49} wtf with the market?
[10:54] {ese} ya .....
01[10:54] {&Threei}  that economist was wrong by whole 20 min
[10:54] {+cc_9} tech stocks mostly are the ones crashing here
[10:54] {+cc_9} FB GOOG AAPL NFLX etc... QQQ already deep in red
[10:55] {+cc_9} SPY still a tad green, IWM @ break even
[10:55] {ese} those back to back doji's on the 30 min chart ron ......definitely pre cursor of something weird to dome
[10:55] {ese} come
[10:55] {nemo} spy just entering the gap
[10:55] {+cc_9} MDVN grabbing some long here
[10:56] {Will49} any idea why tech is crashing?
[10:56] {ese} morning gone weird .....we still haven't had the customary october tank the mrkt to scare the crap out of traders  ...event yet
[10:56] {dino} thinking the same cc9
[10:56] {+cc_9} MDVN looking for $50+ on reversal
[10:57] {ese} L mdvn .07
[10:57] {+cc_9} Will, I believe this is what algo trading means
[10:57] {Will49} must be eh?
[10:57] {+cc_9} once a couple of the high beta stocks on the nasdaq start flushing, signal go to flush the rest in tandem
[10:58] {Will49} sheesh.....nice trading environment
[10:58] {dino} mdvn sm l .20
[10:58] {+cc_9} dino, need MDVN spread to calm down a bit, big is too far off. Need some .50 bid for a nice push
[10:58] {ese} out mdvn .41
[10:59] {ese} +.33
[10:59] {+cc_9} MDVN so far so good here
[10:59] {+cc_9} almost @ $50 target
[10:59] {Will49} good one ese
[10:59] {ese} whoa....look at it go
[10:59] {dino} partial cov brew .52, +.86
[10:59] {ese} nice one dino
[10:59] {Will49} dino!!!!!
[11:00] {dino} lucky
[11:00] {Will49} you always say that
[11:00] {dino} out mdvn .86, +.66
[11:00] {+cc_9} MDVN through $50.00, all out $50.05
[11:00] {+cc_9} +$1.13
[11:00] {Will49} nice goin guys
[11:00] {dino} gj cc9
[11:01] {+cc_9} good work everyone, needed this one
[11:01] {ese} ya i know eh!!!1 man is almost a frickin genius with that technique
[11:01] {dino} will, some create their luck
[11:01] {Will49} absolutely
[11:02] {dino} remember the old saying; "profits = luck, losses are skill
[11:02] {ese} good job cc!!!
[11:02] {Will49} luck=the intersection of preparation and good timing
[11:02] {+cc_9} thanks :D !
[11:03] {dino} "money lives on the other side of fear"
[11:03] {Will49} amen
[11:03] {dino} cov remainder brew .52, +.86
[11:03] {robbers} cc wtg,
[11:04] {Will49} i'm the poster boy for that one dino
[11:04] {robbers} Dino cashes in on the brew buzz.
[11:04] {dino} refreshing trade
[11:04] {Will49} lol
[11:04] {thomcbell} wow - the money is in the waitin g
[11:05] {robbers} Did the .86 include the head on the brew?
[11:05] {dino} no, but it's making me thirsty
[11:05] {dino} was drinking barking squirrel over the weekend, pretty good
[11:05] {Will49} hahaha
[11:06] {Will49} barking squirrel
[11:06] {dino} a micro-beer, like an octoberfest
[11:06] {Will49} gonna get me some...gonna be 90F in Mesa today
[11:07] {Will49} sit around the pool and think up tips for ese and drink beer
[11:08] {+cc_9} SAC closing down London office
[11:10] {+cc_9} figured, who gives a s**t
01[11:12] {&Threei} Short Setup: FCX  .10 break
[11:13] {dino} coh sm l .00
01[11:13] {&Threei}  If holds  .20
01[11:19] {&Threei}  stop to .16
[11:22] {dino} z drop
[11:23] {+cc_9} Will
[11:23] {Will49} yes?
[11:23] {Will49} you called master?
[11:24] {+cc_9} How do they don't think it be like it is but it do ?
[11:24] {+cc_9} You're the ebonics expert here, so I come to you
[11:24] {Will49} oh yeah
[11:24] {Will49} don't axed me anymo
[11:25] {+cc_9} no doub' main
[11:25] {Will49} ooops...feels like being too close to the line
[11:25] {Will49} if you knows waht i means
[11:25] {+cc_9} well, looks like i dont have to be so bored
[11:25] {+cc_9} market falling back for another possible trade on weakness
[11:26] {+cc_9} IWM back to b/e pps
01[11:26] {&Threei}  1:1
01[11:26] {&Threei}  that's 5th win in a row
01[11:26] {&Threei}  can I go home?
[11:26] {drewj} aren't  you already at home?
[11:27] {drewj} long iwm?
[11:27] {+cc_9} damn it FB, too fast
01[11:27] {&Threei}  drew, you are challenging my status of captain obvious
01[11:28] {&Threei}  IWM, no
[11:28] {dino} lol
[11:29] {ese} L armh .04
[11:30] {RonS} ha, didn't wait for your signal, eh?
[11:31] {dino} armh royalty revs a few million light
[11:34] {ese} a little aggressive
[11:36] {RonS} Europe just closed, interesting to me that only 2 blocks have traded...relativley low volume considering 445 mil sh outstanding...L armh .06
[11:38] {RonS} coh needs some horses...
[11:38] {+cc_9} MDVN flat lining
[11:38] {+cc_9} COH ditto Ron
[11:38] {+cc_9} taken hostage by the spread algo :(
[11:40] {+cc_9} gonna just buy 50k shares of SIRI and try to get 2 pennies :(
[11:41] {+cc_9} MDVN } $51 :(
[11:41] {dino} patience ron
[11:41] {RonS} where? she was the one who had it...
[11:41] {dino} :). put hard stop on it and let it trade
01[11:42] {&Threei} Short Setup: FCX  36 break
01[11:42] {&Threei}  If holds  .10
[11:42] {+cc_9} NFLX sideways for 1 hour
[11:44] {ese} this should truck on up there now Ron
[11:45] {ese} armh that is......i hope soon ....have gotta leave soon
[11:45] {ese} might take my .10 to .15 and be done with it
[11:45] {RonS} abg
[11:46] {Will49} first invalid call today
[11:46] {Will49} keep on truckin' Vad
[11:47] {thomcbell} i was looking at it too Vad
01[11:48] {&Threei}  no trigger no harm
01[11:48] {&Threei}  and still on radar
01[11:48] {&Threei}  that support is lucrative
[11:49] {Will49} still valid?
01[11:49] {&Threei}  watching
01[11:49] {&Threei}  US) Federal Court Judge declines to dismiss lawsuit challenging ACA healthcare law's insurance subsidies, expected to rule later today on a request to temporarily block subsidies - press
[11:49] {Will49} k
01[11:50] {&Threei}  if subsidies are blocked, this effectively means ACA is suspended
[11:53] {Will49} hate to miss another nice trade...but gotta bail....back for last hour (hopefully)
01[11:53] {&Threei}  or I should say, made so unfavorable economically that no one will want to sign up
[11:53] {RonS} and the judge gets assasinated and the fascist libs carry on...
01[11:53] {&Threei}  have fun will
01[11:53] {&Threei}  FCX valid
[11:54] {thomcbell} lvs short setup 71.92 short if holding 72.01
01[11:55] {&Threei} Long Setup:  FB  .30 break hl
01[11:55] {&Threei}  If holds  .20
[11:56] {thomcbell} lvs two sided with 72.01 break
01[11:57] {&Threei}  stop to .24
[11:59] {thomcbell} cancel short side lvs
01[11:59] {&Threei}  1:1
[12:00] {thomcbell} lvs 1:1
[12:00] {thomcbell} 1:2
01[12:00] {&Threei}  wtg
[12:01] {thomcbell} stop to 73.04
[12:01] {thomcbell} 72.04
[12:01] {ese} ok ou armh avg .23 +.18 on 1500
[12:01] {ese} gotta go cyou tomorrow.......wanted to do more with that
[12:02] {+cc_9} later essey'
[12:02] {ese} indeed
[12:02] {thomcbell} flat lvs
[12:02] {RonS} later osprey..gj
[12:02] {thomcbell} stuff is just wicked today
[12:04] {RonS} speaking of those broads on that Fox witch show look hottt...
[12:06] {RonS} strike up the band...
[12:07] {RonS} sorry, can't help myself...was missing you earlier...
01[12:13] {&Threei}  national debt has crossed 17 T
01[12:14] {&Threei}  that's why ese ran away... he must have been watching the debt clock, and didn't want to answer "what's next"
[12:14] {dino} i suppose its bush's fault
01[12:15] {&Threei}  no doubt
[12:18] {+cc_9} implying the debt matters
[12:18] {+cc_9} implying anyone is going to collect that debt
[12:18] {nemo} might be getting into fcx re short territory
[12:18] {+cc_9} implying implications
[12:20] {dino} ronzo, thoughts on the coh trade?
[12:20] {RonS} target .45...
[12:21] {dino} hmmm, was thinking more, but its slow
[12:22] {dino} lad drop
[12:22] {RonS} man .40 wall
[12:23] {Les} yo
[12:24] {Les} :( no one loves me
[12:24] {Les} shit uncle buck getting smacked
[12:24] {Les} news?
[12:24] {dino} not really
[12:25] {robbers} Dino got some POT to go with his BREW.
[12:25] {dino} just say no
[12:25] {robbers} Just say later.
[12:25] {Les} for CHF/USD this is upper limits of very large range. If the SNB gonna step in gonna be here
[12:25] {thomcbell} hal lvs
[12:25] {dino} alcohol is enough for me
01[12:26] {&Threei}  hey Les
[12:26] {Les} we bored huh?
01[12:26] {&Threei}  we not
01[12:27] {&Threei}  we 5:5
01[12:27] {&Threei}  we happy
[12:27] {Les} protecting the $$ equally good
[12:28] {Les} GNTX awesome gap up sell off
[12:30] {Will49} ok...can somebody send a message with word "setup" in it please?
[12:30] {Les} crap GNTX just lost its low
[12:30] {robbers} Setup
[12:30] {Will49} tks robbers
[12:30] {Will49} looks like this will work
[12:31] {Will49} don't have to drag my stuff over to the computer lab every morning from now on
[12:39] {Will49} were there any alerts after FCX about 8:40?
01[12:41] {&Threei}  [11:55] {&Threei} Long Setup: FB .30 break hl
01[12:41] {&Threei}  [11:55] {&Threei} If holds .20
01[12:41] {&Threei}  hit 1:1 before crapping out
[12:42] {Will49} tks Vad
[12:43] {Les} IWM sorta head and shoulders spy testing 175
[12:43] {Les} anything weak on your radar vad?
[12:43] {thomcbell} DANG 10.41 long break if holding 10.34
[12:43] {thomcbell} im doing HL
01[12:45] {&Threei} Short Setup: FCX  .30 break
01[12:45] {&Threei}  If holds  .40
[12:56] {RonS} wow nus range...
[13:00] {Les} NUS interesting here
[13:00] {Les} not for me though
[13:05] {Alexs} fcx looks long now
01[13:05] {&Threei}  if SPY continues yes... I'll refrain personally
[13:05] {Les} yeh went and bought sso as a hedge .62 long
[13:06] {dino} armh hl l .99
[13:08] {robbers} So Vad, FCX follows the spy...true for all metals and metal miners or not?
[13:08] {Alexs} fcx depends more on SPY or GLD?
[13:09] {Les} little more off sso 1:2
01[13:11] {&Threei}  difficult to say today alex, they seem to move together more or less
01[13:11] {&Threei}  robbers, it changes... today they move together. Often they move in opposite directions
01[13:11] {&Threei}  depends on the underlying reason
01[13:12] {&Threei}  when it's USD weakness that drives everything, they tend to move together
[13:12] {robbers} Yeah, it would seem something like GLD would usually move opposite.  But I do understand the exceptions.
01[13:12] {&Threei}  when it's some kind of disaster, SPY tends to drop while PMs tend to move up
[13:13] {robbers} Thanks for the education, really interesting.
[13:14] {robbers} So, a disaster like Congress being in session, LOL.
01[13:15] {&Threei}  well
01[13:15] {&Threei}  kind of
[13:16] {Les} market already factored these idiots in lol
01[13:16] {&Threei}  which reminds me a joke one gal offered when we spoke about Congress
01[13:17] {&Threei}  and someone said "idiots, etc"
01[13:17] {&Threei}  She said, you guys know the major complaint women have about man's vital organ?
01[13:17] {&Threei}  There is a man attached to the other end of it.
01[13:18] {&Threei}  Similarly, complaints about Congress should be viewed through the same prism - it's YOU good folks who elect them
01[13:18] {&Threei}  You are attached to the other end of it.
01[13:18] {&Threei}  No go FCX, first stop
[13:20] {robbers} I don't vote for US politicians.  It's always a choice between dumb and dumber.
[13:21] {thomcbell} wow lvs
[13:22] {RonS} somg nus
[13:22] {RonS} wanted 101.50...
[13:23] {RonS} those bozos sold 445 mil of that crap in China last qtr up from 171...
[13:28] {RonS} curious volume dump on armh with no block trades...
[13:29] {nemo} index short setups here
[13:29] {+cc_9} yawwwwwwwwwwwwwwwwwwwwwwn
[13:34] {Les} still got a piece long in sso
[13:37] {Les} GLD pennant at .50 suppoprt
[13:37] {+cc_9} AAPL doing its thing with new product launch
[13:42] {dino} wsh spikeout armh .23, +.24
[13:43] {RonS} gj
[13:44] {Les} banksters might try .25 break here JBEW
[13:44] {Les} JBE
[13:44] {Les} they're holding back my last piece of sso
01[13:45] {&Threei} Short Setup: FCX  .44
01[13:45] {&Threei}  If holds  .50
[13:46] {+cc_9} don't you guys realize the entire economy right now rides on the new iPad ?
01[13:46] {&Threei}  and next streaming flick on NFLX
[13:47] {Les} a virtualised streaming house of cards :)
[13:50] {+cc_9} come on SIRI, go just $0.01 so I can pay for commission
[13:50] {+cc_9} been sitting on this to make $0.02 for hours
[13:52] {Les} sso giddy up
[13:54] {Les} out .98
[13:55] {Les} close enough to 1:4
[13:55] {Les} one good trade for the day
[13:55] {Will49} nice les
01[13:55] {&Threei}  wtg
[13:56] {Will49} you'll be able to quit the day job at this rate
[13:56] {Les} nah want the both
[13:56] {Les} this room for the nutters
[13:56] {Les} my job for the girls
[13:56] {nemo} glass house
[13:57] {Les} at least until this house of cards collapses
[13:57] {nemo} Hey Les they have the 5.7 FN over there?
[13:57] {Les} the belgian job?
[13:58] {nemo} yep, interesting round
[13:58] {+cc_9} come on SIRI give me .14 lol
[13:58] {Les} lemme have a look google
[13:58] {Les} shit they look like supersonic rounds
[13:58] {+cc_9} new iPad you guys, it would be a blasphemy to miss : http://www.bloomberg.com/tv/
[13:59] {Les} all I ever used in my life was belgian
[13:59] {Les} FN FAL in my youth
[13:59] {nemo} 3200 feet per second
[13:59] {Les} recoil?
[14:00] {Les} forgot the Steyr is Austrian
[14:00] {nemo} yeah, impressive, shot one yesterday
[14:00] {Les} Europeans masters of death weaponry
[14:00] {nemo} Steyr makes a nice pistol too
[14:00] {Les} what happened to you lot in the US of A...
[14:00] {nemo} regarding?
[14:00] {Les} did use the M60 briefly
[14:00] {Les} weapons of war
[14:00] {Les} 60 was a piece of shit
[14:00] {robbers} Fracking great call on FCX, half out.
[14:01] {nemo} wow, bid just dropped out of fcx
[14:01] {+cc_9} CVS pop
01[14:01] {&Threei}  :)
[14:03] {Les} so pissed for second guessing FCX 2nd time round
[14:03] {Les} good call
[14:03] {+cc_9} CVS keep an eye for a fade back to 62
[14:03] {nemo} cat might finally be a short
[14:04] {Will49} oh no....
[14:04] {Will49} please don't Vad....pretty please
[14:05] {+cc_9} CVS fade so far so good
01[14:05] {&Threei}  lol
01[14:05] {&Threei}  .90 was a giood entry point on CAT
[14:05] {Will49} was
01[14:05] {&Threei}  here, I am not too keen on that
[14:05] {Les} hehe
[14:05] {+cc_9} CVS faded down to 62
[14:07] {+cc_9} THEY CALLED IT THE iPAD AIR
[14:07] {+cc_9} OMG, BUY YOU FOOLS
[14:07] {Will49} for air heads
[14:08] {nemo} Hurry up Les
[14:08] {+cc_9} CVS trade fwiw }}} http://img405.imageshack.us/img405/6752/9it9.jpg
[14:08] {+cc_9} .44, can't complain
[14:10] {Les} someone say something?
[14:11] {+cc_9} talk about covering CVS early
[14:13] {Les} crap CVS WHY DIDN'T U SAY SOMETHING CC!!!
[14:14] {Les} u probably did... too tired and tanked now
[14:14] {RonS} he did...you were involved with your sso boner...
[14:14] {Les} and a damned good fondue that I was missing out on...
[14:14] {Les} seriously cheese everywhere in the house a cause of me
[14:15] {Will49} les...Canada just signed a trade agreement with UE and cheese is a big part of it
[14:15] {Will49} our cheese market is regulated and we pay thru the nose
[14:16] {Will49} may be lower prices ahead
[14:16] {Will49} cheese is good for you...no shit
[14:16] {RonS} ...smuggle it in from Wisconsin?
[14:16] {Les} dunno, can americans make good cheese?
[14:16] {Will49} cheese whiz
[14:17] {dino} mdvn getting luv
[14:17] {+cc_9} Good lord did I leave a mortgage on CVS short
[14:17] {robbers} Sure, a lot of us Americans are cheesy.
[14:17] {RonS} Costco in Bellingham?  got all the EU foo foo stuff...
[14:17] {Les} hehe this I know robbers
01[14:18] {&Threei}  will, don't tell ese harper did something good for Canada
[14:18] {Will49} Costco Bellingham....my wife's favourite store
[14:18] {Will49} yea Vad, i'm going to vote for him twice next time
[14:20] {+cc_9} Les, maybe ask Vad if he wants to grace me with red font :D
[14:20] {+cc_9} so you can see the CVS
[14:21] {Les} dunno there are some good callers here
[14:22] {Les} but if I go and alarm all of ya's I'll never find the time to take a wizz
[14:23] {Les} either way, seeing market reality lot better now
[14:23] {Les} good calls like that I will follow thru on when I am not drunk or away or working or asleep
[14:25] {Les} outta here a+
[14:25] {RonS} bnny shot
[14:26] {RonS} ...ran into nemo's dad...
[14:27] {nemo} ?
01[14:27] {&Threei}  lol
[14:28] {RonS} bnny...annies uses a rabbity for a logo...
[14:28] {RonS} rabbit
[14:29] {RonS} 80 p/e food co...what could go wrong...bnny
01[14:44] {&Threei}  lol, https://www.youtube.com/watch?v=2Qtx_ZcHOjw#t=144
01[14:52] {&Threei} Long Setup:  CAT  .90 break hl
01[14:52] {&Threei}  If holds  .80
01[14:52] {&Threei}  aggressive for 89 break
01[14:54] {&Threei}  sorry will
[14:54] {Will49} just make sure i win:)
01[14:59] {&Threei}  half out
[15:00] {+cc_9} Bloomberg just said that Apple created the tablet.
[15:00] {+cc_9} FSLR / SCTY catching some bids fwiw
01[15:00] {&Threei}  there you go will... making good with CAT
[15:01] {Will49} :)
[15:10] {robbers} Thanks for a really good day, Vad.  Heading out to buy groceries now that I have money, he he.  Cya.
01[15:11] {&Threei}  lol, good thing we saved you from starvation!
[15:11] {nemo} spy probably goes for the stops above the highs
[15:12] {Alexs} Still need some money to buy Victoria Vad
[15:12] {Will49} Vad buys from Victoria's Secret
[15:13] {nemo} holy shit look at AA...when a piece of shit like that is flying
[15:14] {nemo} irrational exuberance
01[15:14] {&Threei}  alex, to buy it you need to make a promise to never ever try to build a bridge to mailand... and desirably close the island to new arrivals
[15:15] {Will49} i'll second that emotion
[15:15] {Alexs} I will destroy all transportation
[15:15] {Will49} stop the Amirkans from buying up the place
[15:16] {+cc_9} Last trade for the day, and I'm all done
[15:16] {+cc_9} SCTY trade }}} http://img542.imageshack.us/img542/9898/87ke.jpg
[15:16] {nemo} how poetic cc
[15:16] {+cc_9} good day overall, thanks to the Credit Suisse economist
[15:16] {+cc_9} as we know, without him, we would be dead meat
01[15:17] {&Threei}  really
01[15:17] {&Threei}  what an unexpected favor
[15:17] {Will49} three cheers for CS
[15:17] {+cc_9} :D:D:D
[15:19] {+cc_9} RSH ss into the close is tempting
[15:19] {+cc_9} ugh
[15:19] {Alexs} I think tomorrow they will appoint him a new CEO of CS
[15:20] {Alexs} or he just buy it
01[15:23] {&Threei} Short Setup: GLD  .45 break
01[15:23] {&Threei}  If holds  .72
01[15:23] {&Threei}  If holds  .52
[15:30] {+cc_9} 15:19 cc_9 RSH ss into the close is tempting
[15:31] {+cc_9} +$0.10 might not seem like much, but on 20k shares its pretty cute
[15:34] {+cc_9} ok folks, decent day
[15:35] {+cc_9} catch you all demain
[15:35] {+cc_9} enjoy!
[15:35] {Will49} peace
01[15:35] {&Threei}  stop to .51
01[15:45] {&Threei}  by the book, to .46 now
[15:46] {Alexs} by the book to .15 better
01[15:47] {&Threei}  stop??
01[15:47] {&Threei}  lol'
[15:48] {Alexs} call it a stop :)
[15:49] {dino} calling it a very good day, thx all
01[15:49] {&Threei}  dino :)
01[15:55] {&Threei}  ok guys
01[15:55] {&Threei}  thank you all
01[15:55] {&Threei}  have a great evening, see you tomorrow
[15:55] {Will49} fun day Vad...tks a heap :)
01[15:55] {&Threei}  :)

Monday, October 21, 2013

Oct 21 2013

Strong opening to the week, with many trades working nicely in both directions. GDX, GLD, CAT (this one gave us one win and one small stop), FB - usual suspects so to speak.


Session Time: Mon Oct 21 00:00:01 2013
[09:06] {dino} gm
01[09:08] {&Threei}  morning dino
[09:15] {dino} empty room today
01[09:16] {&Threei}  folks wake up last minute
[09:18] {RonS} howdy y'all
01[09:18] {&Threei}  ron :)
[09:18] {Will49} gm
01[09:18] {&Threei}  will :)
01[09:19] {&Threei}  see dino, they sleep till last drop of sleep because they haven't discovered the great truth about trading: you don't have to wake up at all for that
[09:20] {nemo} Never argue with stupid people. They will drag you down to their level and then beat you with experience." –Mark Twain
[09:20] {nemo} I guess I should stop talking to Les
01[09:21] {&Threei}  judging from my couple weeks ago experience of talking with some members of the most militant BC union, that's true
01[09:22] {&Threei}  you wouldn't believe it... key phrase after which I realized the only way to talk to them is not to talk to them:
[09:22] {Alexs} gm
01[09:23] {&Threei}  "seeing all the unfairness and inequality, why don't we simply transfer all the monetary decisions - pricing, salaries etc - and economic assets to the government, and let people electing it rule themselves"
01[09:23] {&Threei}  alex :)
01[09:24] {&Threei}  I swera, this was actually said, and they all nodded
[09:26] {ese} gm
01[09:26] {&Threei}  ese :)
[09:27] {ese} morning vad
01[09:28] {&Threei}  will, judging by Fri, CAT has something against you personally
01[09:28] {&Threei}  you weren't here, and it performed rather admirably
[09:28] {Will49} i can hardly wait
[09:28] {ese} hmmmm...i see jp morgan has put aside 23B to pay for criminal investagations re mortgage backed securities
[09:29] {thomcbell} banans
[09:29] {thomcbell} bananas
01[09:29] {&Threei}  tbell :)
[09:29] {ese} i'll just take 1 mil of that ......i can then retire
[09:32] {dino} jpm witchhunt is bs. govt begged them to buy bear
[09:32] {thomcbell} yup
01[09:32] {&Threei}  yesterday's favorite is tomorrow's villain
01[09:33] {&Threei}  see Stalin cleansing waves
01[09:33] {&Threei} Short Setup: GDX  .50 break
01[09:33] {&Threei}  If holds  .40
[09:33] {Alexs} long?
01[09:33] {&Threei}  grr
01[09:33] {&Threei}  yes
01[09:33] {&Threei}  lol
01[09:33] {&Threei}  too used to shorting it
01[09:34] {&Threei} Long Setup:  GDX  .50 break
[09:34] {Alexs} took that short alraedy
[09:34] {Will49} me too
01[09:35] {&Threei}  it spent enough tome at .51 to cover...?
[09:37] {thomcbell} brcm very interesting daily pattern
01[09:37] {&Threei}  stop to .44
[09:37] {thomcbell} 27.19 long break at some point
01[09:38] {&Threei}  blast from the past... haven't heard of BRCM in years
[09:38] {cc_9} UNH, this is one to keep an eye on
01[09:39] {&Threei}  half out GDX
01[09:40] {&Threei}  1:1
01[09:41] {&Threei} Short Setup: JPM  .10 break
01[09:41] {&Threei}  If holds  .20
01[09:41] {&Threei}  half lot
[09:41] {cc_9} UNH $0.60 from Friday's lows
01[09:43] {&Threei}  1:2
[09:43] {cc_9} UNH critical here, no position yet
01[09:43] {&Threei}  Invalidated  JPM
[09:45] {cc_9} UNH 67.60 from friday trying to hold here
[09:45] {cc_9} next support $66.00 flat
01[09:46] {&Threei} Short Setup: JPM  .50 break hl
01[09:46] {&Threei}  If holds  .60
01[09:47] {&Threei}  1:1
01[09:50] {&Threei}  (US) Three people have been shot at a Bally's hotel/casino on the Las Vegas strip; suspect is in police custody - local media
[09:52] {thomcbell} brcm 27.21 long break if holding 27.11
01[09:53] {&Threei} Long Setup:  FB  .25 break
01[09:53] {&Threei}  If holds  .20
[09:53] {dino} safm hl l .87
01[09:55] {&Threei}  1:1
[09:56] {nemo} gmcr
[09:56] {dino} egn spike
01[09:58] {&Threei} Short Setup: CAT  .40 break
01[09:58] {&Threei}  If holds  .46
01[10:00] {&Threei}  *(US) SEPT EXISTING HOME SALES: 5.M V 5.30ME
[10:00] {nemo} they'll blame that on the shutdown
01[10:00] {&Threei}  *Reminder: This data is privately collected and was unaffected by the Govt shutdown
01[10:00] {&Threei}  1:1
[10:01] {nemo} what's your point?
01[10:01] {&Threei}  ?
01[10:01] {&Threei}  just copied what I thought was worth of note
[10:01] {nemo} the democrats will blame it on the shutdown
01[10:01] {&Threei}  of course they will
01[10:01] {&Threei}  they will blame poor weather on shutdown
01[10:01] {&Threei}  and hurricane on sequester
01[10:02] {&Threei}  too bad we had no hurricanes to speak of this year
01[10:02] {&Threei}  global warming folks will have to come up with answer to this one... and I suspect shutdown will be the answer
01[10:03] {&Threei}  - Median existing home price: $199.2K v $209.7K m/m (revised from $212.1K) - Total Months Supply: 5 v 4.9 prior - Distressed sales: 14% v 12% prior - All cash sales:33% v 32% m/m
01[10:03] {&Threei}  Yessss:
01[10:03] {&Threei}  - NAR Chief Economist: "Affordability has fallen to a five-year low as home price increases easily outpaced income growth," Expected rising mortgage interest rates will further lower affordability in upcoming months. Next month we may see some delays associated with the government shutdown."
01[10:04] {&Threei}  didn't take long, did it
[10:06] {thomcbell} there is a serious real estate bubble in brooklyn ny
[10:06] {thomcbell} absolutely crazy
01[10:07] {&Threei}  will, you make friends with CAT?
[10:08] {Will49} :)
[10:09] {thomcbell} brcm invalidated but i think still 1/2 lot or buy pullback to 27.10
[10:09] {Will49} trading CAT is like kissin your sister
[10:09] {Alexs} are you in brooklyn tbell?
[10:09] {nemo} well, of course, depending on what your sister looks like...
[10:09] {thomcbell} yes - i live in clinton hill
[10:10] {Alexs} I live in brooklyn too actually don't see any bubble yet
[10:12] {dino} out safm .70, +.83
[10:12] {Will49} nice dino
[10:12] {drewj} wtg dino
[10:12] {dino} ty drew
[10:13] {Will49} applause from the peanut gallery
[10:13] {drewj} :)
[10:13] {Will49} what does that even mean?
[10:15] {thomcbell} nice volume bar on the brcm long break
[10:15] {thomcbell} im there
[10:15] {cc_9} UNH setting up
[10:18] {thomcbell} brcm 1:1
[10:19] {Alexs} fb short .70?
01[10:20] {&Threei}  can't tell
[10:20] {cc_9} VJEt at this pps = playing with fire
01[10:22] {&Threei}  .75 break should finally take last piece of GDX to 1:3
[10:27] {thomcbell} stop on brcm balance to 27.22
01[10:29] {&Threei} Long Setup:  JPM  .50 break
01[10:29] {&Threei}  If holds  .40
[10:29] {thomcbell} flat
[10:29] {thomcbell} brcm
[10:29] {thomcbell} thought that pattern had more oomph than that
[10:29] {thomcbell} market misbehaved
01[10:30] {&Threei}  yeah, market drop put brakes on that
01[10:30] {&Threei}  GDX 1:3
01[10:30] {&Threei}  out
01[10:31] {&Threei}  JPM valid
[10:37] {drewj} jpm still a go?
01[10:37] {&Threei}  yes
[10:37] {ese} L noah .66
[10:39] {thomcbell} looking for swk short setup
[10:39] {thomcbell} pivot way down
[10:40] {ese} nope out noah .50 -.16
01[10:41] {&Threei}  .15 break SWK
[10:43] {Will49} so, is that an alert Vad?
01[10:44] {&Threei}  a bit out of my risk preferences... just tossing an idea to tbell
[10:44] {Will49} ok
[10:45] {Will49} a bit confused why we didn
[10:45] {thomcbell} i think im more interested in shorting a spike up to 77.40 for now
[10:45] {Will49} tinvalidate JPM
[10:45] {Will49} but i'm easily confused
01[10:45] {&Threei}  because it reestablishes after going back in the range and reconsolidating
[10:46] {Will49} you da boss
01[10:46] {&Threei}  when it comes to JPM, Dimon is
[10:46] {Will49} haha
01[10:46] {&Threei}  for now at least
[10:46] {Will49} 23b boss
[10:47] {thomcbell} unh nice
[10:56] {thomcbell} nothing there swk
01[11:00] {&Threei} Long Setup:  CAT  .40 break
01[11:00] {&Threei}  If holds  .30
[11:02] {Will49} my sister just walked in
[11:04] {nemo} go kiss her will
[11:05] {Will49} not yet
[11:05] {Will49} i will if we only go 1:1 on CAT
01[11:10] {&Threei}  nah
[11:10] {drewj} it's will's fault
01[11:10] {&Threei} Short Setup: GLD  .10 break
01[11:11] {&Threei}  drew,,, Les is not here, and by unbreakable rule installed by nemo, it's always fault of the one who is not in the room right now
[11:12] {drewj} poor les...
01[11:12] {&Threei}  when Les is in, it's fish's fault
[11:12] {drewj} he sure takes a beating
01[11:12] {&Threei}  until he is bak from Korea
01[11:13] {&Threei}  stop .16 now
01[11:14] {&Threei}  GLD half out
[11:14] {dino} kalu hl l .00
01[11:14] {&Threei}  on Friday we would blame any stop on goinshort... but we had no stops so he lucked out
01[11:14] {&Threei}  stop .11 now
[11:23] {thomcbell} swk looks like a long now
[11:26] {dino} man drop
[11:35] {RonS} took kalu .15 to .65 +.50  thanks dino
01[11:36] {&Threei}  wtg
[11:36] {dino} out kalu .86, +.86
[11:36] {dino} gj ron, yw
[11:37] {dino} brb
01[11:43] {&Threei} Short Setup: FB  .95 break
01[11:43] {&Threei}  If holds  .05
[12:07] {RonS} qcor toasted by Barrons
[12:07] {thomcbell} swk was nice long - didnt play
01[12:09] {&Threei}  QCOR yeah, was in our sunday e-mail
[12:16] {dino} gaps 54.50s and 52
[12:17] {Alexs} makes sense to trail FB to.01?
01[12:17] {&Threei}  after .90 loss
[12:18] {Alexs} ok
01[12:30] {&Threei}  let's trail
01[12:31] {&Threei}  who would have though FB could turn into chinese water torture
[12:31] {drewj} yes normally it moves really fast
[12:31] {Will49} you just picked this trade to keep me away from the pool :)
[12:31] {drewj} or anything actually fun
[12:32] {Will49} yeah
01[12:32] {&Threei}  gotta avoid that prune-like skin, will
[12:32] {Will49} lol
01[12:32] {&Threei}  I do my best to prvent that... anf chlorine bleach
01[12:32] {&Threei}  1:1
01[12:32] {&Threei}  there
01[12:32] {&Threei}  you all are meanies
[12:33] {Will49} :)
[12:33] {drewj} didn't you write an article called the unbearable bordom of trading?
01[12:33] {&Threei}  I am sure I have
01[12:34] {&Threei}  and still you all are so mean to me.... sniff sniff
[12:34] {drewj} omg
[12:35] {drewj} i have never made fun of you but if  you keep it up i might start
06[12:36] * &Threei wieghs a fresh trout in his hand, shrugs, puts it away, opens a freezer and takes out frozen trout, hard as a stone and sharp as a razor
06[12:36] * &Threei slants at drew
[12:36] {drewj} omg
[12:36] {drewj} first you cry now you threaten me
[12:36] {Will49} now you've done it drew
[12:36] {drewj} what a bully
06[12:36] * &Threei lift his left brow with silent question" still want to make fun of me?
[12:37] {drewj} ok vad...i will console you
[12:37] {drewj} do you want a hankie?
06[12:37] * &Threei lifts the trout in launch position
[12:37] {drewj} i'm done...for real
[12:38] {drewj} i count on you too much to waste time upsetting  you
[12:38] {drewj} but the hankie offer still stands
01[12:38] {&Threei}  lol
[12:51] {nemo} time for sentry technique
[12:55] {Will49} is that a sexula thing?
[12:55] {Will49} sexual
01[12:55] {&Threei}  with nemo, most things are
[12:56] {nemo} well, no it's not sexual, but depending on your predilictions it can be quite gratifying
[12:56] {Will49} i see!
[13:00] {Will49} so...what IS the sentry technique?
[13:01] {dino} qcor sm l .06
01[13:10] {&Threei} Long Setup:  JPM  .30 break
01[13:10] {&Threei}  If holds  .22
01[13:11] {&Threei}  if the trade is stopped with such size of a stop, is it "3/4 of no go" or "1 1/2 meh"?
[13:12] {Will49} hmmmm
[13:14] {Alexs} it's go meh yourself
[13:14] {Will49} that's it!
01[13:14] {&Threei}  well, in JPM case many would tell them to do just that, lol
01[13:33] {&Threei}  stop to .24
01[13:33] {&Threei}  now it wualifies for meh
01[13:33] {&Threei}  qualifies
[13:34] {drewj} i'm calling it a day after this one
[13:34] {Alexs} hope it qualifies for 1:3
[13:34] {drewj} me too
01[13:34] {&Threei}  so, we can have 3 1:3ers we have planned for the last hour for ourselves??
01[13:34] {&Threei}  cool
[13:35] {drewj} awwweee
01[13:36] {&Threei}  but that's OK, fear not - if you cry inconsolably, I will hand you that hankie back {GGG}
[13:36] {drewj} i was going to make a joke about you crying yourself to sleep but i will keep it to myself
[13:37] {drewj} something about big russian tears hitting the pillow
[13:37] {Will49} only crying vad does is when a bottle of vodka falls and breaks
[13:37] {drewj} i bet
[13:37] {RonS} that's not crying...that's bawling...
[13:37] {Will49} lol
01[13:38] {&Threei}  you guys don't get it... that's one manly tear slowly sliding down the unshaved face
[13:38] {dino} qcor to .50
01[13:39] {&Threei}  then the sight firmly sets on the one who dropped that bottle, with no expression whatsoever
[13:39] {Will49} yikes
01[13:39] {&Threei}  until he realizes he has to run and get the replacement
[13:39] {dino} out qcor .50, +.44
[13:39] {drewj} nice one dino
01[13:39] {&Threei}  wtg dino
[13:40] {dino} ty
[13:40] {drewj} come on jpm
[13:41] {RonS} took qcor .04  out .65  +.61 thanks dino
[13:41] {Will49} nice one guys
[13:42] {dino} gj ron
[13:43] {drewj} take care guys
[13:43] {drewj} got to go
[13:43] {Will49} c ya drew
01[13:43] {&Threei}  take care drew
01[13:56] {&Threei}  http://myscienceacademy.org/2012/08/19/world-renown-heart-surgeon-speaks-out-on-what-really-causes-heart-disease/
[13:56] {cc_9} PBR pop
[13:56] {cc_9} see if it slows down for a short
01[14:03] {&Threei}  meh
[14:05] {Les} hey
01[14:06] {&Threei}  hey Les
[14:07] {cc_9} JCP this is just sad, very sad
[14:07] {Les} GLD approaching the lows
[14:07] {cc_9} new 100 year low
[14:08] {RonS} thinkin bax about 50 cents away from a reversal...
01[14:10] {&Threei}  missed very good morning Les
01[14:10] {&Threei} Short Setup: GLD  .95 break
[14:12] {nemo} bounce time
[14:13] {Les} yeh pisses me off to be working the trading hours
[14:13] {Les} c'est la vie
[14:14] {nemo} doesn't bother me les
[14:14] {Les} you're free to be an a**hole
[14:15] {Les} am I allowed to say that?
[14:15] {Les} sorry... janitor
01[14:15] {&Threei}  well... it's inelegant
[14:16] {Les} I like that
[14:16] {Les} I am feeling ... inelegant tonight
[14:16] {nemo} it's so Les
01[14:16] {&Threei}  I like insults to be sophisticated
[14:16] {Les} take a rain check on that
[14:17] {nemo} bad expectations Vad
01[14:17] {&Threei}  GLD stop is .06 for now
01[14:17] {&Threei}  after .90 loss trail to .01
[14:18] {Les} http://tinyurl.com/pqxst2m
[14:18] {Les} oh boy, she wants to hand it all over to Brussels
[14:19] {Les} that's like handing over the keys to the whisky bar to Nemo
[14:19] {Les} drunken sailor...
[14:20] {Alexs} stop .01  now?
01[14:21] {&Threei}  yes, let's trail
01[14:21] {&Threei}  things are very slow, let's keep risk as small as possible
01[14:22] {&Threei}  we did too well today to risk needlessly
01[14:22] {&Threei}  and we still have last hour for activity to pick up
[14:23] {Les} shit sso .75/.85 looked like it but this is supposed to be BTFD market
[14:24] {Les} wanna be shortin the bounces here
[14:24] {Les} I wanna anyway
[14:29] {RonS} market acting like O on tv...
[14:30] {Will49} so what's wrong with Oprah?
01[14:30] {&Threei}  what isn't
[14:31] {Will49} she has a lot of inflamation
[14:32] {RonS} lol...wtf?
[14:32] {nemo} I think he means she's fat
[14:32] {RonS} ...will has seen her kankles?
[14:32] {Alexs} Vad, when I take one small stop it's actually 7 cents, is it correct?
[14:32] {Will49} that'll do
[14:33] {Les} lol this conversation gettin interesting
01[14:33] {&Threei}  if everything goes by the book, yes
[14:34] {Alexs} do you usually do different?
01[14:34] {&Threei}  not really
[14:35] {Alexs} just checking if I do it right
[14:36] {Will49} ? can you explain 7 cents vad?
01[14:36] {&Threei}  if she serves breakfast hot and on time...
01[14:36] {&Threei}  alex means a cent added on entry and exit, since we work on break of the thresholds
[14:36] {Will49} if you get in at 1 cent below trigger and stop out 1 centa above
01[14:37] {&Threei}  correct
[14:37] {Alexs} yes
[14:37] {Will49} isn't that 12 cent stop?
01[14:37] {&Threei}  with 5 cents stop he means
[14:37] {Will49} ah
[14:37] {Alexs} yes
01[14:37] {&Threei}  see word "amll" on his question
01[14:37] {&Threei}  small
01[14:37] {&Threei}  in
01[14:37] {&Threei}  jeez
[14:37] {Will49} ok got it
[14:38] {Will49} wasn't thinking (again)
01[14:38] {&Threei}  that's good
[14:38] {cc_9} QCOR monster come back
[14:39] {Les} wow seriously below s3 at the LoD
[14:40] {nemo} looks like it should fall here
[14:41] {Les} yeh notable vol. resistanc here
01[14:55] {&Threei}  1:1
[14:55] {Les} kaching baby
01[14:55] {&Threei}  money making continues
[14:56] {dino} fang spike
[14:56] {Les} qcor small short .79
[14:58] {Les} half cover .66
[14:58] {dino} gj
[14:59] {Les} ty sir
[14:59] {Les} 2nd half cover flat
[14:59] {Les} no dive for me
01[15:00] {&Threei}  yw
01[15:00] {&Threei}  flat?
[15:00] {Les} you too are welcome sir
[15:01] {Les} [20:57] {Les} qcor small short .79
[15:01] {Les} [20:58] {Les} half cover .66
01[15:01] {&Threei}  ah
01[15:01] {&Threei}  was looking at GLD
01[15:01] {&Threei}  which never went back to flat
[15:09] {mrcanada} would QCOR be considered a head and shoulders?
[15:09] {mrcanada} excuse me not a h&s but rather a cup and handle?
01[15:10] {&Threei}  inverted, yes
[15:10] {Les} u looking at all day chart mrcanada?
[15:10] {mrcanada} yes
[15:11] {Les} yeh I see both patterns... sorta
[15:11] {mrcanada} we will see
[15:12] {Les} but Nemo would say I see pink elephants in these charts, so no comment
[15:13] {Les} I said, NEMO WOULD SAY I SEE PINK ELEPHANTS
[15:13] {Les} NEMO, RESPECT MY AUTHORITIE!
[15:14] {Will49} what are you smokin Les?
[15:15] {RonS} must be a dictionary?
[15:15] {Will49} haha
[15:16] {dino} todays valued-added research, jpm eaises tsla to 93 from 83, rating neutral. wtf, it trades at 171
[15:16] {dino} eaises=raises
[15:16] {Les} http://www.youtube.com/watch?v=gx4jn77VKlQ&list=RD21rIVHNylH1Mk
[15:18] {Les} full episode
[15:18] {Les} http://www.southparkstudios.com/full-episodes/s02e03-chickenlover
[15:19] {RonS} ...thinkin mr canada first name must be oh...which would mean he's very inspirational...
[15:20] {mrcanada} eh?
01[15:21] {&Threei}  that's "eh" ron... jeez, you yankies
[15:21] {mrcanada} got my pop!
[15:21] {RonS} ...someone wrote the national anthem after you...means yu are inspirational...
[15:21] {Les} wtf with you lot
01[15:21] {&Threei}  we put "oh" in that specifically for you, but north of border we sing it Eh Canafa
01[15:21] {&Threei}  Canada
[15:22] {RonS} lol
[15:22] {Will49} lol Vad
[15:23] {RonS} good to know...outta here...as Les would say a+...
[15:23] {Les} that's trademarked Ron
[15:24] {cc_9} SCTY here any takers ?
[15:25] {Les} a buck higher?
01[15:26] {&Threei}  take care Ron
[15:26] {Will49} not with that spread
[15:27] {mrcanada} Vad...where would u get out of qcor if you got in under 63$
[15:27] {Les} lol
[15:27] {cc_9} GNTX pop
01[15:28] {&Threei}  where had you had your stop?
[15:28] {mrcanada} brought it up to 63.25
01[15:28] {&Threei}  no, I mean original
01[15:29] {&Threei}  to determine risk reward
01[15:29] {&Threei}  that's how we define the targets, via r/r ratios
[15:29] {mrcanada} 63.75
01[15:29] {&Threei}  62.75 you mean?
[15:30] {mrcanada} right now i am at 1:2
[15:30] {mrcanada} yes...to the 62.75
[15:30] {Les} sm short gntx .38 holding .45
01[15:30] {&Threei}  I would be 3/4 out here, and stop at .35
[15:30] {mrcanada} k...i am out half
[15:31] {mrcanada} my stop is at .35
[15:31] {cc_9} funny when people wrote off NFLX in 2011
[15:32] {cc_9} calling Hastings the worst CEO on Wall St.
[15:32] {cc_9} helluva turnaround on value and content
[15:33] {mrcanada} how long should I let it go?
[15:33] {Les} stopped
[15:34] {mrcanada} stop at .50
01[15:34] {&Threei}  let market answer that by trailing stop with each new support level formed
[15:34] {mrcanada} k
01[15:34] {&Threei}  when it reverses, it will tag your stop
01[15:35] {&Threei}  .49 now
01[15:37] {&Threei}  (GR) Greece PM Samaras: Reiterates Greece will have a primary surplus in 2013
01[15:37] {&Threei}  (under his breath) because we told out bean counters to make it so
[15:37] {Will49} of olive oil
01[15:37] {&Threei}  - Expect European lenders to help with Greece debt in November as promised. - Greece Fin Min: GDP to decline by 3% in the third quarter
01[15:37] {&Threei}  lol
01[15:37] {&Threei}  and we were wondering where Iraq minister of information went
01[15:38] {&Threei}  remember, the one who was saying "we are winning, US troops are fleeing" till last day
[15:39] {thomcbell} hi
01[15:39] {&Threei}  (CA) Canada PM Harper: Canada to loosen foregin takeover review limit to C$1.5B ***Note that BlackBerry's market cap is around $4.3B presently
[15:40] {thomcbell} anything happening
01[15:40] {&Threei}  hey tbell
01[15:40] {&Threei}  yeah, got couple more while you were gone
01[15:40] {&Threei}  alex, I guess you still can't buy Victoria at this point...
[15:41] {cc_9} RSH parabolic
01[15:41] {&Threei}  QCOR, time becomes an issue, I'd trail stop to .65
[15:44] {Will49} nice trade mr Canada
[15:44] {nemo} whoa
[15:44] {nemo} somebody shut off the algo
01[15:44] {&Threei}  see how trailing stop saves your behind?
[15:44] {Les} 2nd go gntx .78 short
01[15:45] {&Threei}  all gains evapporate in a blink of an eye if you don't manage your trade propelry
[15:46] {Will49} shheeesh Vad..the ONE day i stay to the end...no trades :(
[15:46] {mrcanada} yes....I am use to trading on a longer time frame....but the same happens but is slower :-)
[15:46] {Les} ya missus leave ya along for an afternoon Will?
01[15:46] {&Threei}  sorry will... nothing shaped up
[15:47] {Will49} right on les
[15:47] {nemo} Les will never shape up
[15:47] {Will49} she's shopping
[15:48] {Will49} i know Vad...just trying to get a rise out of you
[15:48] {nemo} Vad's too old
[15:48] {Les} always dwelling in lowly places without ego
[15:48] {Will49} lol nemo
01[15:48] {&Threei}  GNTX works
[15:48] {Les} half cover AGNT .70
01[15:48] {&Threei}  good one to finish with Les
[15:49] {Les} yeh ignored your r/r and almost had my head handed to me on a platter
[15:49] {Les} 1:2
01[15:49] {&Threei}  ignore my r/r at your peril
01[15:50] {&Threei}  they are derived from a decade and half of observations
[15:50] {Les} wanna score like Dino
[15:50] {Les} +1.00
[15:50] {Les} +2.00
[15:50] {Les} +.5xx!!!
01[15:50] {&Threei}  crawl... walk... run...
[15:50] {Les} sight
01[15:50] {&Threei}  dino wasn't born dino either, he developed into this T-Rex
[15:50] {Les} -t
[15:51] {Les} full covered 1:2
[15:51] {mrcanada} do u guys buy 1k shares of a stock that trades at 50+ $
[15:52] {mrcanada} or would u buy a smaller amount of shares...say 600?
01[15:52] {&Threei}  depends on one's account size, risk rtolerance, objectives
[15:52] {Les} gotta sleep a+
[15:53] {mrcanada} i c
[15:53] {mrcanada} just trying  to find out...what I should and should not be doing...
01[15:53] {&Threei}  see this article:
[15:53] {nemo} just don't listen to Les
[15:53] {cc_9} ok guys, see you all tomorrow
01[15:54] {&Threei}  http://blog.realitytrader.com/2007/04/stops-why-and-how.html
01[15:54] {&Threei}  and generally, make sure you read this whole selection:
01[15:54] {&Threei}  http://blog.realitytrader.com/2011/10/blog-summary-updated.html
01[15:55] {&Threei}  thank you all, have a great evening
01[15:55] {&Threei}  see you tomorrow
[15:55] {mrcanada} thanks

Friday, October 18, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market UpdateStocks Charge Higher After US Debt Stalemate Ends with a Whimper



- The United State Congress managed not to let the country default on its debts this week, passing a bill to reopen the government and to raise the debt ceiling for a few months. After two weeks of a government shutdown, the Congressional bluster quieted and a backroom deal was reached just ahead of the Treasury's October 17th debt ceiling deadline. All in all, the impact of the shutdown is expected to be fleeting, though S&P suggests it cost the United States $24 billion in economic activity, and will shave about 0.6% off of Q4 GDP, not to mention sacrificing a significant but intangible amount of the country's international standing. In response to Washington's brinkmanship, Fitch put its AAA US rating on watch negative and Chinese agency Dagong cut its US rating to A- from A, while investor Warren Buffett labeled the debt limit a "political weapon of mass destruction." The GOP and the Congress garnered record-low approval ratings. Meanwhile earnings season rolled on, with 75% of the S&P500 companies that reported this week meeting or beating consensus expectations. Very weak showings at Goldman Sachs and IBM hampered the DJIA, while the S&P500 closed out the week at new all-time highs and the Nasdaq pushed to within 100 points of the 4000 handle. For the week, the DJIA gained 1%, the S&P500 rose 2.4% and the Nasdaq surged 3.2%.

- Budget negotiations continued all through the weekend in the Senate following two weeks of squabbling in the House. Senators from both sides of the aisle stepped in to help outline a consensus solution, and by Tuesday Majority Leader Reid and Minority Leader McConnell were reassuring the country that they were very close to a deal, which was passed by the Senate (81 to 18, with more than half of GOP members voting yes) and then the House (285 to 144, with 87 Republicans voting yes) on Wednesday. The agreement funds the government through January 15th and extends debt limit through Feb 7th, with the Treasury granted the authority to use extraordinary measures to push the debt limit through March. After the deal, McConnell pledged that he would not allow another shutdown or debt ceiling gambit aimed at defunding Obamacare. The deal also requires the creation of a bipartisan budget panel to facilitate negotiations on a longer-term debt reduction agreement. Senate Budget Committee Chairwoman Patty Murray (D-WA) and Rep. Paul Ryan (R-WI) were tapped to lead the budget panel, which has been charged to reach a budget reconciliation by Dec 13 (a Friday). Most Washington insiders now expect that any agreement reached will likely be a modest reallocation of the automatic cuts imposed by the sequester rather than the elusive 'grand bargain.'

- Fed hawks Fisher and George offered contrasting opinions about the potential for tapering QE. Fisher said he does not expect QE bond buying to be reduced at the October FOMC meeting, warning that markets were too delicate at the moment to begin the taper. Fisher also said that personally he would not consider tapering a good idea in October due to the current fiscal standoff. Meanwhile George said the Fed should begin tapering QE now, while also cautioning that the time is not yet right for tightening rate policy.

- There were no surprises in most of China's September economic data, with the exception of trade numbers. Third quarter GDP growth was in line at 7.8%, supported by strong domestic and foreign demand. The GDP data continues to place China on path to achieve the government annual growth forecast of 7.5%, although there are still uncertainties about whether the current recovery is sustainable. September industrial production and retail sales met expectations. The China trade balance fell to a six-month low, with exports negative for the first time in three months. Imports were in line with expectations at +7.4%.

- WTI crude continued its extended its six-week decline, closing out the week just above the $100 handle. In Geneva, the P5+1 group of western powers plus Russia concluded a very positive two-day round of talks with Iran, and agreed to meet again on November 7-8th in order to keep talking. Newly elected Iranian President Rohani continued to make conciliatory statements, and the majors powers were cautiously optimistic about the change in tone, but cautioned that they were a long way from a breakthrough.

- The threat of the Fed taper during the last quarter took a bite out of Goldman Sachs, whose Q3 profits fell 2% and revenues dived 20%. CEO Blankfein said the results reflected "a period of slow client activity." Bank of America posting solid profits although revenue was down slightly y/y and loan growth was nearly flat. Citigroup's North America retail banking revenues fell 35% thanks to a big drop in mortgage origination revenue and fixed income revenue fell 26% y/y. Morgan Stanley reported very strong Q3 results, with earnings and revenue topping expectations on very strong growth in trading revenues at the firm. Note that Morgan Stanley's gains in equity trading revenue more than offset most of the decline in fixed-income, FX and commodity trading, where revenue fell 44%.

- IBM's revenue was severely compromised in certain areas: hardware revenues were down 17% y/y, and revenue in BRICs areas were down 15%, both largely due to slow China hardware sales. Management said execution issues and a pause related to China's government developing a new economic plan due in November caused Chinese hardware sales to plummet 40% in the quarter. Both Google and Yahoo saw double-digit gains in paid clicks, even as revenue per click for both declined. Shares of Google soared above $1,000 as the firm emphasized strong metrics, while Yahoo offered poor Q4 guidance, keeping shares in the red on the week. Intel beat expectations in its Q3, but delayed launching its 14nm 'Broadwell' chip production, hampering the stock.

- Earnings at Johnson & Johnson, Verizon, and American Express were pretty solid. J&J beat estimates and raised its FY13 guidance. Verizon's postpaid phone service and the FiOS internet business continue to see subscriber growth and overall revenue grew modestly. American Express saw strong gains in both US and international card services revenue. All indications are that customers continue to expand card spending at a steady rate.

- The dollar remained weak against the euro even after the end of the debt ceiling standoff. EUR/USD spiked up to the 1.3700 level late in the week, testing the January highs. There was plenty of snarky commentary out of the usual sources questioning the reserve currency status of the dollar, aiding the euro, the dollar's only realistic reserve currency alternative. ECB officials continue to soft-peddle the stability of the euro, however some admit they need to begin factoring in FX issue to the ECB inflation outlook.







TradeTheNews

Oct 18 2013

Beautiful day to end the week, with strong profitable trades after first couple small stops. CAT for 1:3, IWM for 1:2  and a few others here and there worked like magic

[15:59] {dino} gn all, thx for ideas
Session Time: Fri Oct 18 00:00:00 2013
[09:16] {drewj} gm
01[09:16] {&Threei}  morning drew
[09:17] {drewj} how goes it?
01[09:18] {&Threei}  define "it"
[09:19] {drewj} the morning...life...ect
[09:19] {nemo} my hangover is getting better
[09:19] {nemo} that's my "it"
[09:19] {drewj} good
[09:20] {nemo} might as well just go long the indexes
[09:20] {dino} gm
[09:20] {drewj} what's up dino
[09:21] {thomcbell} GM
01[09:21] {&Threei}  dino, tbell :)
[09:21] {dino} not much drew, working on some r.e. deals
01[09:22] {&Threei}  I am still thinking, drew... you asked a hard one
[09:22] {drewj} don't hurt yourself vad
01[09:22] {&Threei}  I alternate between "life is beautiful" and "life sucks..." and little nemo on my shoulder whispers "sicks is the right answer"
[09:22] {nemo} he's not used to thinking
[09:22] {drewj} what kind of re deals dino?
[09:23] {nemo} dino is just his trading name
[09:23] {drewj} I think everyone goes through that vad...
[09:23] {nemo} his real name is Donald
[09:23] {RonS} lol...classic
[09:23] {Les} gm
[09:23] {drewj} donny boy???
[09:23] {RonS} tm btw
01[09:23] {&Threei}  yeah, but not everyone is lucky to have this little always drunk man on his shoulder
[09:23] {dino} i speculate in it. bidding on foreclosed house today and signing sub-division paperwork on another
[09:24] {drewj} true...
01[09:24] {&Threei}  ron, les :)
[09:24] {drewj} i'm hoping to buy a duplex early next year...good luck
[09:24] {Les} wish u well on yer next project dino
[09:25] {ese} morning
01[09:25] {&Threei}  ese :)
[09:25] {Alexs} gm
01[09:25] {&Threei}  alex :)
01[09:27] {&Threei}  cc_9... we will need a note from parents re: your yesterday's absence
[09:27] {ese} Spy watchdog to investigate CSIS visit to Hamilton man's homeBy Cory Ruf, CBC News Posted: Oct 17, 2013 5:37 PM ET
[09:27] {ese} this is what Canadas turning into with the Harper Conservative Government
[09:28] {Les} what we watching?
[09:28] {ese} too many ultra right wing loonies in charge right now
[09:28] {dino} thx les, drew
01[09:28] {&Threei}  that's Harper's fault for sure
01[09:29] {&Threei}  ese, let's not turn this into politics board
01[09:29] {&Threei}  too many leftis loonies around as it is
[09:29] {Les} too many politicians, full stop
[09:29] {+cc_9} good late morning
06[09:29] * Les slaps cc around with an NYT set alarm clock
01[09:30] {&Threei}  if you want me to show you what those organizations did under Liberals, you would be amazed
01[09:30] {&Threei}  you just never heard about it
[09:30] {ese} true
01[09:32] {&Threei} Short Setup: GLD  .90 break hl
01[09:32] {&Threei}  If holds  127
01[09:34] {&Threei}  two nice tails topping off under 127
01[09:37] {&Threei}  SPY drop works against the trade... they are back to inverted relation today
01[09:37] {&Threei}  we need market bounce
01[09:38] {&Threei}  meh
01[09:38] {&Threei} Long Setup:  FB  .95 break hl
01[09:39] {&Threei}  If holds  .85
01[09:39] {&Threei}  that was fast 1:1
[09:39] {drewj} missed it
[09:39] {Alexs} me too
01[09:42] {&Threei} Short Setup: GDX  .70 break
01[09:42] {&Threei}  If holds  .75
[09:42] {Alexs} got it on recross ty Vad
01[09:44] {&Threei}  FB?
[09:44] {Alexs} yes
[09:44] {Les} wow SPY
01[09:45] {&Threei}  meh GDX
01[09:46] {&Threei}  one pullback should be in order before new highs on SPY
01[09:46] {&Threei} Short Setup: IWM  .10 breal
01[09:46] {&Threei}  If holds  .15
01[09:48] {&Threei}  cover half
[09:48] {nemo} yeah, shorting the indexes is not good for your health
01[09:48] {&Threei}  huh?
01[09:48] {&Threei}  so far it is
[09:49] {nemo} in general in this market
[09:49] {thomcbell} nice job on FB - when you have time let me know what you saw there
[09:49] {nemo} shorts are basically long KY
01[09:49] {&Threei}  in general, life is not good for your health
[09:49] {Alexs} lol
[09:49] {nemo} yeah, it ends up killing you
01[09:49] {&Threei}  always ends in death
[09:49] {nemo} and you wonder why I'm not an optimist
01[09:50] {&Threei}  I really don't
01[09:50] {&Threei}  wow FB
[09:50] {Alexs} just sants live forever
01[09:50] {&Threei}  that's much more than I expected from it
[09:50] {nemo} it was rhetorical Vad
[09:51] {Alexs} saints
[09:51] {thomcbell} MU long setup 17.08 break if holding 17
01[09:51] {&Threei}  I just finished counting syllables in that nemo... it violates the rule of not using words with more than 3
[09:52] {nemo} o.k.
[09:52] {nemo} it was for shits and giggles
[09:52] {Les} SPY ready to crack 174?
01[09:52] {&Threei}  I believe so
[09:53] {Les} corresponds with sso .50
01[09:53] {&Threei}  somg GDX
[09:54] {Alexs} c long .25?
01[09:54] {&Threei}  not reslly strong one
01[09:54] {&Threei}  I'd look for another candidate
[09:54] {Les} banksters are being dragged along here
[09:55] {Alexs} then short .15?
01[09:55] {&Threei} Long Setup:  CAT  .85 break
01[09:56] {&Threei}  nah, just leave it be
01[09:56] {&Threei}  C is not the best trader right now
01[09:56] {&Threei}  If holds  .75
01[09:57] {&Threei}  1:1
[10:00] {thomcbell} yhoo looking for short entry near 33.60 bounce
[10:02] {Les} sm JPM short .19 holding .30
01[10:02] {&Threei}  tbell, on FB question earlier... that was just a reversal formation, kind of bounce with mini-range, only compressed in three candles which is notmal for the morning
01[10:03] {&Threei}  trail CAT balance to .89
[10:03] {thomcbell} ok gotcha
01[10:04] {&Threei}  1:2
01[10:04] {&Threei}  by the book from here
[10:04] {Les} JPM stop to .25
01[10:04] {&Threei}  Will will be crying seeing what we did with CAT
[10:06] {dino} safm drop
[10:06] {dino} sm l .83
01[10:06] {&Threei}  GOOG Shares move above $1000 for the first time
[10:07] {Les} why the big breakaway daily candle?
01[10:07] {&Threei}  1:3 baby
01[10:08] {&Threei}  out .18
01[10:08] {&Threei}  life becomes much brighter
01[10:11] {&Threei}  btw nemo, speaking of dangers to your health... be very careful with oatmeal cookies
[10:11] {+cc_9} MYL
01[10:11] {&Threei}  I distinctly remember the case when 2 bottles of vodka went down smoothly, but then I got severe food poisoning from oatmeal cookie
[10:11] {+cc_9} ACTG
[10:12] {thomcbell} i flattened mu for minor gain - waste of time
01[10:12] {&Threei} Long Setup:  IWM  .25 break
01[10:13] {&Threei}  Invalidated
01[10:13] {&Threei}  for now
01[10:14] {&Threei}  wow Les... you might have squeezed some blood out of that JPM stone
[10:14] {+cc_9} ACTG nice
01[10:14] {&Threei}  I thought it was going to torture you for an hour, no less
[10:14] {Les} finnies are the drag
[10:15] {Les} actually looks bearish through EOD but that's way to far ahead...
[10:15] {+cc_9} ACTG through .50s
[10:15] {Les} 1:1
[10:16] {+cc_9} MYL beautiful reversal
[10:17] {Les} you pick it up in .50's cc?
[10:18] {drewj} cat still going
[10:19] {+cc_9} .53
[10:19] {+cc_9} Les
01[10:20] {&Threei}  I had this feeling it had more in it drew
01[10:20] {&Threei}  but with couple mehs before, wanted sure big win secured
[10:20] {drewj} because it went in a straight line up for 15 minutes
[10:20] {nemo} is the "meh"  the new "no workie"?
01[10:21] {&Threei}  no
[10:21] {nemo} oh
01[10:21] {&Threei}  meh is a no workie with smaller stop or half lot
01[10:21] {&Threei}  10 cents stop is no workie
[10:21] {nemo} ah
01[10:21] {&Threei}  5 is meh
[10:26] {+cc_9} ACTG is worth keeping an eye on if it can get through .50s
[10:26] {+cc_9} got some room
[10:27] {Les} JPM 1:2 close enough
[10:27] {nemo} time for little index bounce me thinks
01[10:27] {&Threei}  good one JPM
[10:27] {Les} ty
[10:27] {nemo} finnies have to hold here
[10:29] {Les} JPM 1:3
[10:34] {thomcbell} actg seems to be getting a bit of footing
[10:34] {thomcbell} darn yhoo
[10:35] {thomcbell} played improperly
[10:37] {drewj} long iwm?
01[10:37] {&Threei} Long Setup:  IWM  .90 break
01[10:37] {&Threei}  If holds  .85
[10:38] {thomcbell} scratch that thought on actg
[10:38] {Les} 1:4 without me
01[10:40] {&Threei}  1:1
01[10:45] {&Threei}  1:2
01[10:46] {&Threei}  life is good again
[10:50] {+cc_9} PRKR pulp fiction
[10:51] {drewj} short fcx?
[10:53] {drewj} vad...
01[10:54] {&Threei}  no clear read
[10:56] {ese} L nq .90
[10:57] {+cc_9} PRKR decent half bounce
[10:57] {ese} out nq .09
[10:57] {ese} +.19
[10:57] {RonS} fwiw some thinking Icahn or some other activist could move on fcx w/ entire board up for re-election and case for biz split ...one Carl tweet and short FCX goes up in smoke...
[10:58] {ese} I love these stocks where i turn away to type the call look at it and it's shot up
[11:01] {thomcbell} FB really moving around today
[11:01] {+cc_9} ACTG, don't take off radar just yet
[11:01] {+cc_9} sideways before the pop imo
[11:05] {+cc_9} PRKR not bad...
[11:06] {RonS} sm l srpt .96
[11:07] {thomcbell} actg looks like 15.50 long break
[11:16] {thomcbell} xone 53.90 long brak
[11:17] {thomcbell} 1/2 lot if holding 53.70
[11:17] {RonS} out srpt 43.65 +.69
[11:20] {dino} etg
[11:20] {dino} wtg
[11:22] {thomcbell} xone - kind of a strange on - i got hit because my stop limit was 53.93  but i am long nonetheless
[11:26] {thomcbell} out xone 54.20
[11:30] {+cc_9} ACTG no dice on 15.50 breaking, testing 15.00 again
[11:32] {+cc_9} volume picked up on that drop, back to 15.30
01[11:48] {&Threei} Long Setup:  CAT  .60 break hl
01[11:49] {&Threei}  If holds  .50
[11:51] {Alexs} change to .50?
01[11:51] {&Threei}  after abother downtick or two
01[11:51] {&Threei}  not right away
01[11:52] {&Threei}  change to .50 break
01[11:52] {&Threei}  If holds  .45
[11:54] {dino} aegr drop
01[11:54] {&Threei}  try to sell half just under .60
01[11:54] {&Threei}  and keep second half for breakout
[11:54] {RonS} bunch of biotech getting hit...
[11:55] {RonS} bmr thrx pcyc mdvn
[11:56] {RonS} bmrn
[11:56] {RonS} mygn
[11:56] {RonS} alxn
[11:56] {RonS} amgn
[11:57] {RonS} celg
[11:57] {Les} can watch IBB for the catch all I guess
[11:58] {ese} have a great weekend all.........been one of those on the phone days and just observing......
01[11:58] {&Threei}  take care ese
[11:58] {Les} cheers man
01[11:58] {&Threei}  and don't read that much of a left press
[11:59] {RonS} freakin athn missed...amazing what happens w/ high short interest...
[11:59] {ese} cya boys
01[11:59] {&Threei}  stop .49 on CAT of course
[12:01] {drewj} are you still in?
01[12:03] {&Threei}  half
[12:12] {RonS} health plan providers creamed...aet unh
[12:12] {RonS} ...just the start...
01[12:13] {&Threei}  Victoria is 17th on Conde Nast Traveler list of world's best cities
[12:14] {Alexs} is it a citi lol
[12:14] {RonS} ...guessing they have not been there...should be 8 at leat...
[12:14] {RonS} least
01[12:15] {&Threei}  hmmm... what esle would you call it alex??
[12:15] {Alexs} town maybe
01[12:17] {&Threei}  where do you draw a separation?
01[12:17] {&Threei}  A city is an incorporated area with it's own government and some autonomy. A town may have a town council, but it doesn't have the same autonomy or responsibility at the county and state levels.
[12:17] {RonS} for me, +/- a million...
[12:18] {Alexs} just kidding, Vad
[12:22] {+cc_9} ACTG, back to resistance range again
[12:29] {thomcbell} long small splk in here 61.78 avg
[12:35] {dino} hon hl l .97
[12:42] {+cc_9} ACTG you doge
[12:42] {+cc_9} get through .50s already
[12:46] {Les} cc AMGN and other bios might interest you
[12:46] {Alexs} just checed that Conde Nast list : Beirut Lebanon on 20th place, inretesting rating
06[12:47] * Les slaps Alexs around with a Vad dictionary
[12:48] {Alexs} lol
[12:49] {Les} :)
[12:49] {Les} sm. long amgn .02 holding .90
[12:50] {+cc_9} Les, yes watching UNH
[12:51] {Les} ooh that is nasty
[13:02] {Les} UNH made its move back above s3 and is close to vwap resistance
[13:03] {Les} dunno how dino does it
[13:03] {RonS} born lucky and has daily relapse?
[13:03] {Les} the waiting
[13:05] {Les} IBB slowly getting there
[13:08] {Les} half out amgn +.18
[13:09] {dino} aegr sm l .92
[13:10] {Les} IBB rockin here
[13:18] {Les} last hafl amgn sold same price
[13:22] {dino} out hon .20, +.23
[13:22] {RonS} gj
[13:24] {dino} srpt sm l .15
[13:25] {dino} out aegr .45, +.53
[13:25] {dino} ty ron
[13:25] {dino} distracted morning
[13:28] {RonS} ya, must be tough being a real estate magnet and stock operator at the same time...
[13:28] {Les} hehe
[13:29] {dino} hardly a magnet, just earning a living
[13:30] {RonS} sm l acor .38
[13:32] {nemo} you guys mean "magnate"?
01[13:32] {&Threei}  I hope so
[13:33] {RonS} dino magnet...pulls the money towards him...
01[13:33] {&Threei}  magnetic magnate
[13:34] {dino} bailed on aegr too soon
[13:34] {RonS} out acor .30 -.08
[13:44] {dino} ugh aegr
[13:44] {dino} out sprt .06 -.09
[13:48] {+cc_9} PRKR pulp fiction from earlier played out nicely after all, back to highs
[13:53] {Les} so AMGN at 1315 was anything but double top... such is life
[13:54] {RonS} sheesh athn
[13:59] {nemo} omg...a down candle on spy
01[13:59] {&Threei}  NOOO!!
[14:00] {nemo} it didn't last
01[14:01] {&Threei}  whew
01[14:01] {&Threei}  almost destroyed my model of the world as we know it
[14:02] {RonS} lol...eBay CEO on "cautious" holiday outlook: we didn’t mean to sound so negative  -by @DelRey http://dthin.gs/18tkVjI
[14:03] {nemo} upod
[14:03] {drewj} upod
[14:08] {RonS} ?
01[14:13] {&Threei}  CAT on watch
01[14:13] {&Threei}  although nemo taught me that watched cat never boils
[14:13] {nemo} I like cat tartar myself
[14:15] {dino} safm lod
[14:16] {nemo} wow, SPY pulled back $.20
[14:17] {RonS} unreal that ebay ceo comment popped the stock...short covering I guess...
[14:19] {thomcbell} actg 15.50 might still have some stops
[14:20] {Alexs} you sought for .60 recross Vad?
01[14:20] {&Threei}  yeah
01[14:20] {&Threei}  and bastard got away
01[14:20] {&Threei}  as cats tend to do
01[14:20] {&Threei}  unboiled ones
[14:20] {Alexs} lol
01[14:20] {&Threei}  on a worrisome side, Alex...
01[14:20] {&Threei}  you start thinking as I do
01[14:21] {&Threei}  this is dangerous sign
01[14:21] {&Threei}  you are standing on a verge of dark abyss
01[14:21] {&Threei}  and at the bottom there is nemo...
[14:22] {Alexs} :)
01[14:22] {&Threei}  here there be dragons
[14:22] {nemo} my pals
[14:22] {nemo} I had to convince them to leave bunny alone
[14:29] {RonS} sheesh ebay
[14:32] {+cc_9} DOW headed to 25,000 by today's close
[14:35] {nemo} sounds conservative
01[14:36] {&Threei}  shooting for the stars, aren't you? I for one don't believe we have a chance in hell to go any higher than 24,490
[14:39] {dino} eqm sm s break .00
[14:39] {dino} ok
01[14:46] {&Threei} Long Setup:  IWM  .55 break
01[14:46] {&Threei}  If holds  .50
[14:49] {thomcbell} took the trade splk in here
[14:49] {dino} safm sm l .73
[14:49] {thomcbell} + 0.45 or so
[14:49] {dino} cov eqm .58, +.40
[14:50] {RonS} gj
[14:50] {dino} ty
[14:53] {Alexs} gld short 127?
01[14:54] {&Threei}  worth a try, especially if SPY makes new high finally
[15:00] {Alexs} iwm invalidated?
01[15:00] {&Threei}  certainly
[15:04] {Les} small short iwm .43
[15:05] {nemo} you're late to the party on that one Les
[15:06] {nemo} time of day might work for you though
[15:07] {+cc_9} ACTG EOD bonanza
[15:07] {+cc_9} lol @ this is total bs, been repeating the same ol' line since 10:30AM
[15:07] {Alexs} GLD stop .06 or .11 Vad?
01[15:08] {&Threei}  .06
[15:14] {Les} 1:1 on IWM
01[15:14] {&Threei}  :)
[15:14] {Les} now... do we plunge
[15:14] {Les} ?
01[15:14] {&Threei}  getting in the saddle, eh Les?
[15:15] {Les} less need to be trading this time. feels good
[15:16] {Les} banksters gotta hold the line here
[15:16] {dino} you know the saying les; "nothing good ever happens after 3:00"
[15:17] {dino} a.m. that is
[15:17] {Les} married with kids...
[15:17] {Les} ain't nothing good my way
[15:17] {Les} :)
[15:17] {dino} lol
[15:17] {dino} it's 3:17 here thats why i typed it
[15:18] {Les} right
[15:28] {Les} It's friday afternoon and they're deciding...
[15:28] {Les} http://www.youtube.com/watch?v=jllJ-HeErjU
[15:31] {Les} buy the dip
[15:33] {RonS} good weekend to all, outta here...
01[15:34] {&Threei}  take care ron
[15:41] {Alexs} makes sense to scratch GLD Vad?
01[15:42] {&Threei}  it often tanks on last minutes... with 5 cents stop, what's the urgency?
[15:42] {Alexs} chart is right but time
[15:44] {dino} hptx drop
01[15:48] {&Threei}  alex, let's sing together: "Time is on my side"
[15:48] {Alexs} :)
06[15:48] * dino slaps Threei around a bit with a large trout
01[15:49] {&Threei}  http://www.youtube.com/watch?v=XzcWwmwChVE
[15:49] {Alexs} 1:1
[15:49] {Alexs} finaly
01[15:49] {&Threei}  see... pastience IS a virtue
[15:49] {Alexs} you were right
01[15:49] {&Threei}  patience too
01[15:50] {&Threei}  I usually am... my wife hates it
[15:50] {Alexs} lol
[15:50] {Les} hehehe
[15:50] {dino} risky, sm l hotx .16
[15:50] {Les} me in late entry .94
[15:51] {dino} hptx
[15:55] {Alexs} 1/4 more ot .84
[15:55] {Alexs} out
[15:56] {dino} partial out hptx .54, +.38
01[15:56] {&Threei}  glad to finish this week on such note
[15:57] {dino} remainder .35, +.19
01[15:57] {&Threei}  nice finish dino
[15:57] {dino} opps, got .40
[15:57] {dino} ty
[15:58] {nemo} gap up Monday
[15:58] {Alexs} full out .84
[15:58] {Alexs} ty Vad for good guidance
01[15:59] {&Threei}  always\
01[15:59] {&Threei}  thank you all, have a greeat weekend
[15:59] {dino} thx all, calling it a week
[15:59] {Les} yeh decent recovery 2nd half ty outta here a+
01[15:59] {&Threei}  see you monday