July 27 2012

Very boring day with a few nice trades and a few stops. These slow climb days are not meant for traders, they are investor paradise.  Very nice week for us so no complaints.

Session Time: Fri Jul 27 00:00:00 2012

01[08:52] {Threei}  Germany's Bundesbank reiterated its opposition to bond purchases by the ECB.

[08:54] {nemo} BFD

[08:55] {dino} gm

01[08:55] {Threei}  dino :)

[08:55] {dino} gdot blood, cstr too

01[08:56] {Threei}  and don't forget FB

[08:56] {nemo} FB anybody?

01[08:57] {Threei}  Spain's Saenz says government won't seek rescue

[08:59] {nemo} won't seek it, but if offered?

[08:59] {dino} ahh yes, fadebook

[09:02] {scottie} gm

01[09:02] {Threei}  scottie :)

[09:04] {jackharry} good morning

01[09:05] {Threei}  jack :)

01[09:19] {Threei}  lol:

01[09:19] {Threei}  Deep value investors take a look at Facebook. Then look away.

[09:19] {nemo} what I say about opening above 137 today

[09:19] {thomcbell} nem ruining gdx party again 

01[09:19] {Threei}  I feel like I should know this one...

[09:20] {thomcbell} shackled index by gg nem abx lumbering around

01[09:20] {Threei}  lol

01[09:20] {Threei}  no nemo, sorry... alzheimer galore

[09:21] {nemo} if we get above 137.30 138-138.50

[09:22] {nemo} get through 78.10 on IWM 79

01[09:22] {Threei}  Vadym Graifer ?@RealityTrader

01[09:22] {Threei}  #FB symbol change alert. New symbol's UD (Unmitigated Disaster)

01[09:23] {Threei}  LVS is very non-convincing gap

[09:23] {Will49} gm

01[09:23] {Threei}  keeping it on radar as short candidate

01[09:23] {Threei}  will :)

[09:23] {nemo} looking for support at 36

[09:24] {thomcbell} lvs was big battle that ended hod with largest volume in memory though

[09:24] {ese} morning

01[09:24] {Threei}  tends to be very volatile at the open... othe than that, .40 looks tempting to short

01[09:24] {Threei}  ese :)

[09:24] {thomcbell} ocz wow

[09:25] {ese} now that is funny .........fb.........what a flippin dope he is

01[09:26] {Threei}  Ocz Technology Group Inc. Hearing strength attributed to various rumors of acquisition and cancellations of their roadshows with Stifel and Credit Suisse next week- Hearing the reason OCZ cancelled roadshows was due to CEO having scheduled back surgery ***Note that earlier this morning, The Register reported that there was vague speculation that Seagate would be willing to pay $1B to acquire Ocz Technology.

[09:26] {RonS} gm...dino here?

[09:27] {nemo} and the bromance continues

01[09:27] {Threei}  lol

[09:27] {nemo} fb running

[09:27] {nemo} hah

[09:27] {ese} he's dumber than the AONE ceo............

[09:27] {nemo} stop buster

01[09:28] {Threei}  actually, I'd have to disagree with that...

01[09:28] {Threei}  AONE idiot just run things into the ground

01[09:28] {Threei}  this guy got his

[09:28] {ese} on the day of that ipo he announces diluting the shares.......that was a classic.......this goof did it a couple odays before

01[09:28] {Threei}  and leaft others to run inti the griund

01[09:29] {Threei}  but yeah, I dislike him severely :)

01[09:29] {Threei}  (EU) Merkel and Hollande conference call: will do anything to protect the euro zone - German govt statement- EU Institutions and states must meet their commitments. - Need to quickly implement objectives from the last EU summit.

01[09:29] {Threei}  really? anything?

[09:30] {nemo} veco puke

[09:30] {dptl} gm

01[09:30] {Threei} Short Setup: LVS  .75 break hl

[09:30] {thomcbell} lvs near 37 i will look for double top 

01[09:30] {Threei}  dp :)

01[09:30] {Threei}  If holds  .85 

01[09:31] {Threei}  Invalidated  

01[09:31] {Threei} Long Setup:  GDX  .90 break

01[09:31] {Threei}  If holds  ,80 

[09:32] {dino} leaving behind gaps agaimn

01[09:32] {Threei}  LVS got away

01[09:33] {Threei}  change GDX trigger to .70

01[09:33] {Threei}  If holds  .65 

[09:33] {RonS} may want to watch gdot dino

01[09:34] {Threei}  target .95, three partials

01[09:35] {Threei}  firat part out GDX

01[09:35] {Threei}  .81

01[09:35] {Threei}  second out .86

01[09:35] {Threei}  stop .74

[09:36] {jackharry} out at .89, thanks

01[09:36] {Threei}  crap was late by fraction of a sec to dump .94

01[09:36] {Threei}  yw

01[09:37] {Threei}  hit the target precisely

[09:37] {dino} amzn? 50% miss

01[09:37] {Threei}  hehe

01[09:37] {Threei}  market is logical and efficient, didn't you hear

[09:37] {RonS} unreal how that guy gets a pass every freakin qtr

[09:38] {dino} yeah, thats what they taught me in college

[09:38] {thomcbell} one day they will reward holders with profits 

[09:39] {thomcbell} ??

[09:39] {thomcbell} lvs 36.95 break if holding 37.05

[09:39] {thomcbell} half lot 

[09:39] {thomcbell} for me 

[09:40] {dino} cstr gap fill

01[09:42] {Threei} Short Setup: FCX  .55 break

01[09:43] {Threei}  If holds  .60 

[09:43] {thomcbell} lvs 1:1

[09:44] {thomcbell} lvs 1:2

01[09:44] {Threei}  nice

[09:44] {thomcbell} partialled there at 36.72

[09:45] {dino} gdot sm l .25

[09:46] {nemo} short brcm .90

[09:46] {nemo} stop .00ish

[09:48] {nemo} numbers at 10

01[09:48] {Threei}  no go FCX

01[09:51] {Threei}  SLW is interestingly weak

01[09:51] {Threei}  4 min till numbers

01[09:51] {Threei}  9:55, nemo, not 10

[09:52] {ese} L gild .52

[09:52] {nemo} out

01[09:52] {Threei}  US) Preview: July Final University of Michigan Confidence Index due out at 09:55ET (14:55GMT)- Consensus expectations: 72.0e v 72.0 prelim

[09:53] {ese} sorry .42 gild

[09:53] {dino} bto amzn aug puts

01[09:54] {Threei}  beautiful GILD

01[09:54] {Threei}  *(US) JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 72.3 V 72.0E

[09:56] {RonS} gdot on track to trade 2x of 25 mil sh float

[09:58] {thomcbell} range needs to tighten up on nem but looking for a long entry 

[09:59] {nemo} dolores sleeping in again

[09:59] {Will49} waht are you, a cop?

[10:00] {Will49} :)

01[10:00] {Threei} Long Setup:  POT  .61 break

01[10:01] {Threei}  stop under .50, target .90

[10:02] {ese} out gild .70 +.28

01[10:03] {Threei}  wtg

01[10:04] {Threei}  let's tighten to .54

01[10:08] {Threei}  out

[10:11] {thomcbell} nem invalidated 

[10:16] {thomcbell} lvs

[10:16] {thomcbell} darn 

[10:17] {ese} ron....what was the news on gdot?

[10:17] {nemo} they're waiting

01[10:17] {Threei}  earnings, guidance

01[10:18] {Threei}  lol

01[10:18] {Threei}  unexpectedly good one nemo

[10:18] {nemo} lvs long soon

[10:18] {nemo} I'm like that

[10:18] {nemo} that's what happens when I start drinking with breakfast

[10:18] {thomcbell} lvs near 36 and pivot gets interesting agreed

[10:18] {nemo} or is that, didn't stop drinking from last night?

01[10:18] {Threei}  you mean that's not milk and not cereal?

[10:19] {nemo} peyote in a White Russian mix

01[10:19] {Threei}  can't discern the direction here

[10:21] {nemo} volume spike lvs pay attention

[10:22] {nemo} looking like .30 long here

[10:23] {nemo} makret pulling in

[10:25] {nemo} long lvs .31

[10:25] {thomcbell} nem stabilizing 

[10:26] {dolores} hello there GM

[10:26] {nemo} stop under .20

01[10:26] {Threei}  dolores :)

[10:27] {nemo} hit her with an alarm clock

[10:28] {nemo} not liking this action

[10:28] {nemo} drops that .27 bid I'm out under .25

[10:29] {nemo} fake bid

[10:29] {ese} L gild .25

[10:30] {nemo} another fake bid?  same ecn and moved up

[10:30] {nemo} out

[10:32] {Will49} tks nemo

[10:32] {nemo} for what

[10:32] {Will49} commentary

[10:32] {nemo} oh

[10:32] {nemo} sure

[10:33] {Will49} what was the big volume at 10:23 all about?

[10:33] {nemo} don't know specifically, but oftentimes big volume spikes indicate potential movement

01[10:34] {Threei} Long Setup:  TZA  .95 break

01[10:34] {Threei}  If holds  .90 

[10:34] {nemo} having said that I saw action move above that candles and said LVS had pulled in quite a bit and it's showing possible long

[10:34] {nemo} I went long, action slowed up, then that big NSEX bid showed up

[10:35] {nemo} It got pulled when the offer went down to get it

[10:35] {Will49} tks

[10:35] {nemo} shows weakness

[10:35] {nemo} imo

[10:36] {nemo} see

[10:36] {thomcbell} Its behaving as if it has not gotten cheap enough for new owners to be aggressive so i will be looking for long entries cheaper 

[10:36] {thomcbell} 35.90 is ideal spot for a double bottom to develop.

01[10:36] {Threei}  i agree

[10:36] {nemo} yeah, that's pivot

[10:36] {nemo} so that's why I tightened the stop

[10:37] {nemo} having said that though thom, gotta' respect the power of the whole   ;-)

01[10:39] {Threei}  no worky

[10:41] {ese} nahhhhhh!!!!!     you know perfectly well that when you buy and sell nemo.....it moves the market.....

[10:41] {nemo} iwm creep sheesh

[10:42] {Will49} he certainly moves me 

[10:42] {Will49} gastronomically

[10:42] {ese} ouch

[10:43] {Will49} Vad said I had to practice insulting nemo....so there!

[10:43] {ese} hmmmmmmm   ya......that was good........good practise......keep it up

[10:44] {Will49} nemo is sulking silently

[10:44] {nemo} don't quit your day job ese

01[10:45] {Threei}  will, normally with nemo silence is merely a sign of reloading

[10:45] {nemo} 78.20is for iwm then 78.90 area is Monthly pivot

[10:45] {ese} out gild .48 +.22

[10:45] {nemo} ursine sodomy day

[10:45] {ese} rotflol

[10:47] {nemo} it's funny, usually the market takes the stairs up and the elevator down, we've been getting alot of elevators ups, and escalators down

[10:48] {cipher} gdot l.30

[10:49] {thomcbell} its called an accomodative firehose

[10:49] {nemo} I've got this DT on spy as a resistance area

[10:49] {nemo} yep, lvs

01[10:50] {Threei}  tbell, what?? never heard this oen before, lol

[10:50] {jackharry} out gild at .53 on a tight trail from .25, thanks ese

01[10:51] {Threei}  nice find GILD... good job guys

[10:53] {nemo} mmhhhh, cam nice place for a shor

[10:54] {dolores} TZA wants to hold

[10:54] {nemo} spy broke resistance no shorts

[10:54] {cipher} gdot stopped -.08

[10:54] {nemo} we're gong to 138 probably

[10:54] {dolores} no more

01[10:55] {Threei}  GDOT is seriously damaged goods

[10:55] {ese} damn internet

01[10:56] {Threei}  lol

01[10:56] {Threei}  really

01[10:56] {Threei}  people don't write letters anymore

[10:56] {ese} alright alright................you've warned me more than a few times

01[10:56] {Threei}  oh wait you mwean disconnection

[10:57] {nemo} pissed I took my eyes of LVS perfect fib retrace

[10:57] {ese} the only reason i stay with telus is because of my email.......too many contacts around the planet to change it

01[10:57] {Threei}  but seriously... I have absolutely no issues with shaw

[10:57] {nemo} just above the whole 

01[10:58] {Threei}  I thought so too at the time... turned out, it's a three day's deal

01[10:58] {Threei}  after that all your correspondents changed your address, all your logins are renewed etc

[10:59] {ese} hmmmmmmmmm

01[10:59] {Threei}  and you can prepare in advance by making gmail address and running both in parallel for a few weeks until you make sure everyone got new one

[11:04] {nemo} iwm closes gap at .90

01[11:07] {Threei}  LVS is really intriguing me

01[11:07] {Threei}  seems it totally disconnected the market

[11:08] {Will49} it's a "gamble" isn't it?

[11:08] {Will49} :)

01[11:09] {Threei} Short Setup: LVS  .10 break

01[11:09] {Threei}  If holds  .20 

[11:10] {nemo} I faded it at .16

[11:11] {nemo} don't trust this though

[11:12] {nemo} don't like that

[11:12] {dolores} was that invalidated?

[11:12] {dolores} or still on?

01[11:13] {Threei}  invalidated... then triggered...

01[11:13] {Threei}  let's wait for bounce and new entry

01[11:14] {Threei}  I still feel it's a short but precise entry is a struggle

[11:15] {nemo} tza looking better

01[11:17] {Threei}  crap

01[11:17] {Threei}  LVS got away again

01[11:17] {Threei}  nothing like getting the trade idea right and not finding the implementation

01[11:29] {Threei}  OK, this is going to spoil my weekend

[11:32] {ese} L amrn .00

[11:32] {ese} dino you might like dis here one

[11:37] {thomcbell} fb

[11:37] {thomcbell} just sprinted nicely

01[11:38] {Threei}  mess redefined:

01[11:38] {Threei}  (GR) Greece said to be expected to exceed its 2020 debt targets by �30B; programs may be unreachable - financial press- Greece may seek debt forgiveness from the ECB before receiving new funds

01[11:39] {Threei}  firgive me old debts and give me new loans

[11:39] {dolores} crazy more forgiveness than what they got?

[11:39] {dolores} everyone will ask the same

[11:40] {dolores} LVS will be a buy soon!

[11:40] {dino} this time they want it from govts

[11:41] {nemo} bwld

[11:41] {nemo} sorry

[11:42] {nemo} ntgr was nice

[11:42] {Will49} bwld = bewildered

01[11:42] {Threei} Long Setup:  DGX  .45 break

01[11:43] {Threei}  If holds  .40 

[11:43] {nemo} too low volume for me

01[11:43] {Threei}  a bit, yeah

01[11:43] {Threei}  but seems to trade farily steady

01[11:45] {Threei} Long Setup:  LVS  .85

01[11:46] {Threei}  If holds  .75 

01[11:47] {Threei}  no go

[11:47] {nemo} spy at trend

[11:54] {dolores} got some of that LVS

01[11:54] {Threei}  cool

[11:54] {dolores} very conservative 

[11:54] {dolores} but...

[11:55] {dolores} left quite a bit

[11:58] {ese} out amrn .175 +.175

[11:58] {ese} phew

[11:59] {Will49} nice call ese

[11:59] {ese} tks....scary

[12:00] {ese} with the # of shs going

[12:00] {Will49} naaa drummers have steel culliones

[12:00] {Will49} balls

[12:00] {ese} huh c whats

[12:00] {Will49} apologies D

[12:01] {ese} anyway....that'll do it for me today.......have to go and pick up my son at camp......have a great weekend cya monday....phew

[12:01] {Will49} be good

01[12:02] {Threei}  take care ese

[12:08] {nemo} nflx bounce time coming

[12:10] {nemo} oh and there goes spy

[12:13] {dino} gdot sm l .50

[12:16] {thomcbell} long setup lvs 35.87 break if holding 35.78

[12:17] {thomcbell} invalidated immediately after scripting

[12:17] {thomcbell} lol

[12:19] {cipher} nflx l.29

[12:20] {cipher} out .45

[12:20] {dino} gj

[12:20] {cipher} ty

[12:24] {nemo} mon probably long here

[12:24] {nemo} but hate lunchtime

01[12:36] {Threei}  my most hated kind of day

01[12:36] {Threei}  slow climb

[12:40] {dino} same here

[12:41] {dino} out gdot .80, +.30

01[12:42] {Threei}  wtg

01[12:44] {Threei}  we had a great week... will be watching for a decent plays, but not going to push too hard, don't want to jeopardize it

[12:46] {nemo} almost worth spxu here

01[12:47] {Threei} Long Setup:  TZA  .40 break

01[12:47] {Threei}  If holds  .35 

01[12:48] {Threei}  target .55

[12:48] {nemo} l spxu .23

[12:48] {nemo} stop .15ish

01[12:48] {Threei}  same idea eh

[12:48] {nemo} having said that, IWM still has 79  in it's sights

[12:48] {nemo} yeah

[12:53] {nemo} I'll have to put in hardstops, I'm falling asleep

01[12:53] {Threei}  and pillow on the trajectory where your chin meets the desk

[12:53] {nemo} never hits my barrel chest and washboard abs always get in the way

[12:54] {RonS} and his fourth chin is already there anyway...

[12:54] {nemo} a little weak

[12:54] {nemo} now, if you'd said "and his oversized ego, is already there?"

[12:55] {nemo} thinking akam bounce here

[12:55] {nemo} l .31

[12:55] {RonS} but we all know that has no substance...

[12:55] {RonS} :)

[12:55] {nemo} everybody's ego has substance

[12:59] {nemo} think I'm scratching spxu, think one more bear howl coming

[13:01] {nemo} yep

[13:05] {nemo} whoa cat

[13:05] {nemo} stop hunt?

[13:06] {nemo} jeepers .01 short of 1:1 what a day

[13:08] {nemo} mmmhh that 3mil plus 2 minutes in spy make spxu tempting

[13:08] {nemo} second one at this level

[13:14] {nemo} I scratched akam

01[13:15] {Threei}  I am sure it was very pleased

[13:15] {nemo} wow

[13:18] {dolores} sorry was out are we in tza?

01[13:18] {Threei}  yes

[13:19] {dolores} stop .34?

01[13:20] {Threei}  yes

[13:21] {dolores} 1.3?

01[13:21] {Threei}  ?

[13:21] {dolores} target?

01[13:21] {Threei}  oh...

01[13:22] {Threei}  .55 should be doable

01[13:22] {Threei}  two partials

[13:22] {dolores} ok thxs

01[13:22] {Threei}  one .47 - .48

[13:25] {nemo} wow

01[13:25] {Threei}  sigh

[13:25] {dolores} wow check that spike on the dow

[13:25] {nemo} spy going to 138.50 now that's WR1

01[13:25] {Threei}  must be news

01[13:25] {Threei}  (EU) ECB's Draghi reportedly suggests measures for the EMU including bond purchases, a possible rate cut and a new LTRO

01[13:26] {Threei}  ok... idiot opened his mouth again

[13:26] {nemo} so they need another organization to buy the bonds

[13:26] {Will49} egads....hair trigger market on news

01[13:26] {Threei}  yeah

01[13:27] {Threei}  trade was starting to work nicely

01[13:27] {Threei}  Draghi said to suggest favoring a banking license for the ESM over the longer term and has reached out to other ECB members to help generate consensus ahead of the council meeting scheduled for Aug 2

[13:28] {nemo} WPP IWM is 79.40

[13:28] {Will49} talk about clowns flailing around in the dark

[13:28] {Will49} re-arranging deck chairs on the Titanic

[13:29] {nemo} no trading this shit

[13:29] {Will49} no kidding

[13:29] {nemo} this likely runs into the close after those comments

[13:29] {Will49} I don't even know how to trade yet - and I can't trade it

[13:30] {nemo} So European markets will gap up big on Monday and so will we...definitely over 140 if we don't get there today

[13:33] {dino} they are just working towards starting the printing presses

[13:35] {nemo} l tna above .38

[13:36] {nemo} 1/2 .53

[13:36] {nemo} stop is be

[13:37] {nemo} 1/4 more .66

[13:37] {nemo} stop is under .50

01[13:38] {Threei}  ok... reversal should be close

01[13:38] {Threei} Long Setup:  TZA  .80 break

01[13:38] {Threei}  If holds  .75 

[13:39] {nemo} right

[13:39] {nemo} out last 1/4

[13:39] {nemo} .48

01[13:40] {Threei}  half out

01[13:40] {Threei}  .88

01[13:40] {Threei}  stop to .79

[13:42] {nemo} s expe .99

[13:43] {nemo} stop is above .10

[13:44] {nemo} didn't move during that uptick now it's gonna' mess with me

[13:45] {nemo} I'm out above the hammper

01[13:45] {Threei}  1/4 more out

[13:45] {nemo} hammer

01[13:45] {Threei}  finally nailed decent one

[13:45] {nemo} tough day to read

01[13:45] {Threei}  who is in??

01[13:46] {Threei}  or was

[13:46] {dolores} out all

[13:46] {Will49} was

01[13:46] {Threei}  about here dolores?

[13:46] {dolores} .82 in

[13:46] {Will49} out at .91 on demo

[13:46] {dolores} 87 88 97

[13:46] {dolores} out

01[13:46] {Threei}  :)

[13:47] {dolores} .84 small out

[13:47] {nemo} [artoa;ed /80

[13:47] {nemo} partialed .80

[13:47] {dolores} had 600 so unloaded a bit before

[13:47] {nemo} frickin' diaper stock

[13:47] {nemo} CIPHER!

01[13:47] {Threei}  nemo, that's not even Yoda speak

[13:47] {nemo} out above .05

01[13:47] {Threei}  type better you should

[13:47] {nemo} stop above .05

[13:48] {nemo} Pot hitting Vad with a kettle

01[13:48] {Threei}  hehe

01[13:48] {Threei}  out 18.01 in full

01[13:49] {Threei}  +.20

[13:49] {dolores} wow shorted PCLN

[13:49] {dolores} nice

[13:49] {dolores} avg .80 

01[13:50] {Threei}  even that wad too soon TZA

01[13:50] {Threei}  but what a precision on reversal timing

[13:50] {dolores} yes TZA pity

[13:50] {dolores} well nice trade

[13:50] {nemo} sbux short .95

[13:50] {nemo} stop above the whole

[13:51] {nemo} frickin' as pleasurable as flossing with barbed wire today

[13:52] {nemo} where's my frickin' shotgun I'm in monitor shooting mood

[13:52] {Will49} Vad tells me we're supposed to leave emotions out of this

01[13:52] {Threei}  going to hunting to Komodo island?

[13:53] {nemo} ?

01[13:53] {Threei}  sigh

01[13:53] {Threei}  monitor...

01[13:53] {Threei}  giant lizard...

01[13:53] {Threei}  Komodo...

01[13:53] {Threei}  come on

[13:53] {nemo} Why would I want to hurt an innocent animal

[13:53] {nemo} People, that's another story

[13:55] {nemo} sheesh, sbux, DT looks better now

[13:56] {nemo} Saw a great cartoon caption read:  "You call them swear words, Icall them sentence enhancers."

[13:56] {dolores} CRR did not follow this  market move and this morning was much higher

[13:56] {dolores} strange it did not bounce again

[13:57] {nemo} looks short

[13:57] {nemo} if the market doesn't go higher

01[13:57] {Threei}  in russian they call them "word connectors"

[13:58] {nemo} I just looked at the clock, it's only 2:00 oy frickin' vay

[14:00] {nemo} could argu spxu/tza here, but Draghi might not be asleep yet

01[14:01] {Threei}  lol

[14:02] {nemo} haven't exited starbucks yet 

[14:02] {nemo} partialed expe .60

[14:03] {nemo} out

[14:03] {nemo} sbux

[14:03] {nemo} expe above .75

[14:04] {nemo} out expe 

01[14:08] {Threei}  Obama administration projects $1.2 trillion deficit this year

01[14:09] {Threei}  Nanaimo RCMP looking for 40-yr-old Mark Westwood 5'4" 150lbs & say has cognitive ability of a child, left home Jul 25

01[14:09] {Threei}  nemo, call home!

[14:10] {nemo} I'm 51 5'6" 165 lbs.  and I have the cognitive abilities of an amoeba

[14:10] {Will49} barrel chested for sure

01[14:11] {Threei}  hah... so being at the moth level, I may have a bragging rights of out-ontellectualizing you?

[14:11] {nemo} frickin' sbux

[14:11] {nemo} you mean out un-intellectualizing?

01[14:11] {Threei}  you are one smart amoeba, you figure it out {G}

[14:11] {nemo} frig, was thinking SPXU .30 long, but my butt still sore from last short

[14:12] {nemo} look at ntgr today

[14:17] {dptl} wlt .20 long?

01[14:18] {Threei}  not my kind

01[14:18] {Threei}  volume drops sharply on return to the high

[14:25] {nemo} lcat .71

[14:26] {nemo} stop is .69 not screwing with this

[14:28] {nemo} nyse on bid and offer

[14:29] {nemo} I hate that

[14:29] {nemo} hit my .81 offer for 1/2

[14:30] {nemo} hawk screeching outside the window

[14:30] {nemo} bunny must be shaking

[14:33] {nemo} iffering .95

[14:33] {nemo} "o"

[14:33] {nemo} "o." k

[14:37] {nemo} nyse not letting them hit the .00s

[14:38] {nemo} stop .99

[14:38] {nemo} always nyse near the BBBO

[14:40] {nemo} out

[14:53] {nemo} l sbux .86

[14:53] {nemo} stop under .75

[14:53] {nemo} offering .96

[14:54] {nemo} got .97

[14:54] {nemo} target 48.60 if it gets through the whole, stop is the same

[14:55] {nemo} gonna' raise stop to .79

[14:55] {nemo} Oh shit....can hear Neil Diamond singing in my head

[14:55] {nemo} Ride.....c'mon baby ride...

[14:56] {nemo} stop to .00

[14:57] {nemo} whoa tick dropping fast

[14:57] {nemo} wtf

01[14:58] {Threei}  well... someone somewhere duct-tapes Dreaghi mouth maybe

[14:58] {nemo} I was a tad early on my expe short

[15:00] {nemo} cmon my SBUXOM beauty

[15:00] {nemo} eh...don't like that tail

[15:01] {nemo} sniff sniff

[15:02] {nemo} glad today is Friday

[15:02] {Will49} a dual to the finish

[15:02] {nemo} dual what?

[15:02] {Will49} duel

[15:02] {nemo} ahhhhh

[15:02] {nemo} was gonna' say, only in one stock at the moment

[15:03] {nemo} and that looks like it's about to end

[15:03] {dptl} tpx .45 long?

[15:03] {nemo} sold .00's

[15:03] {Will49} was watching spy

01[15:04] {Threei}  I can't tell dp

01[15:05] {Threei}  chart is right but I just hate buying breaks this late in the rally and in the day

[15:05] {nemo} might be worth it if it can get above that spike though

[15:09] {dolores} PCLN breaking 680!

[15:09] {nemo} Have at it...good luck

[15:10] {dolores} no I covered

[15:10] {dolores} wont touch it here

[15:10] {nemo} you should get together with cipher

[15:10] {dolores} 40 minutes left and tyhis thing moves in at least 50 cents each time

[15:14] {nemo} wow, we open above 140 on mondday

[15:14] {nemo} Europe will be up on Draghi huge

01[15:14] {Threei}  or not

01[15:15] {Threei}  you never know who else says what

[15:15] {nemo} everybody knows greece is porked so

01[15:15] {Threei}  yes but no one knows the mechanics and impact of Greece exit

01[15:16] {Threei}  they pretty much gave up on it and want to keep Spain from falling,

01[15:16] {Threei}  and Draghi says they can

01[15:16] {Threei}  well, I say they can't

[15:17] {dolores} well he needs to convince the central bank gyu in germany isnt it? 

01[15:17] {Threei}  the longer market believes this clown, the more height it will have to fall from when they find out

[15:17] {nemo} German supreme court actually

01[15:17] {Threei}  yes, but even if they do... they still can';t

[15:18] {dolores} who has already respond yesterday against buying bonds

01[15:18] {Threei}  whatever they do, they have no money

01[15:18] {Threei}  they can only borrow more or print

01[15:18] {Threei}  borrowing is pretty much comes to a halt

01[15:18] {Threei}  so it's print your way out or fall apart

01[15:19] {Threei}  printing means hyperinflation

01[15:19] {Threei}  and guess what - doesn't solve anything,

01[15:20] {Threei}  because after current debat is inflated away, accumulation of new one begins

[15:20] {Will49} but can go on for a long, long time

01[15:20] {Threei}  no problems cayusing this deep indebtness were solved

01[15:21] {Threei}  so, if there is any kind of common sense left, thing will be allowed to fall apart

01[15:21] {Threei}  anfd if not - like will says...

01[15:21] {Threei}  it will be a very long agony

[15:21] {Will49} not with politicians needing to get re-elected

01[15:22] {Threei} Long Setup:  FAZ  .60 break

[15:26] {dolores} glad did not short PCLN

[15:26] {cc_8} yea why is pcln going p

[15:26] {cc_8} up

[15:27] {nemo} shrt clf .60 small

[15:27] {dolores} I think on expedia earnigs

[15:27] {nemo} stop .67

01[15:27] {Threei}  no news... decent resluts by EXPE yesterday, so maybe sympathy

[15:27] {Will49} is the thinking on FAZ that traders will get flat for weekend?

01[15:28] {Threei}  not so much "will" as "should"

[15:28] {Will49} ahhh

01[15:30] {Threei}  if SOY can't break 139, pullback is going to make FAZ work

01[15:30] {Threei}  SPY

01[15:30] {Threei}  if SPY breaks, FAZ shouldn't even trigger

[15:30] {nemo} nice C&H forming on spy

[15:30] {nemo} out clf

[15:32] {nemo} Economic news has been pretty bad...and we're only down 2% on they year...new highs maybe next week...or not

01[15:33] {Threei}  you continue putting price action against wrong background

01[15:33] {Threei}  economic news doesn't matter

01[15:33] {Threei}  EU does

01[15:33] {Threei}  FAZ invalidated

01[15:33] {Threei}  "obviously"

[15:36] {dolores} bloomberg saying that draghi must have some negotiation going on to come out so strongly

[15:36] {dolores} good argument

[15:36] {dolores} he wouldnt be so trong if he has  no support

[15:38] {dino} they print or die. either way they die in the end

01[15:38] {Threei}  right

[15:38] {dino} as politicians go, imothey will print first

01[15:38] {Threei}  so it comes to whether they die after causing a ton of damage, or they die after causing 10 tons of a damage

01[15:39] {Threei}  they try for 10

[15:39] {dino} 10 tons it will be is my bet

01[15:39] {Threei}  I wish I had arguments against that...

[15:39] {Will49} they'll do anything to stay in power

[15:40] {Will49} anything but the right thing

[15:40] {dino} exactly will

[15:40] {Will49} no moral or ethical leadership anywhere

[15:40] {dino} politicians only care about themselves/re-elections. not what is rught

[15:40] {dino} right

[15:40] {Will49} right on

[15:41] {Will49} the "me" generation is in control

[15:41] {Will49} the "me" generation CEOs are as bad as the politicians

[15:42] {Will49} do I sound jaded?

[15:42] {dino} lol

[15:42] {dolores} ok guys  see you next week

01[15:43] {Threei}  take care dolores

[15:43] {dolores}  have agreat weekend 

[15:43] {dino} cya

[15:43] {dolores} thxs VAD

[15:43] {Will49} have a great WE dolores

[15:51] {nemo} spxu long .05

[15:51] {nemo} small

[15:52] {nemo} 1/2 .16

[15:52] {nemo} stop to b/e

[15:53] {nemo} 1/4 .25

[15:53] {Will49} we didn't wait long enough for TZA

01[15:54] {Threei}  yeah

01[15:54] {Threei}  oh well

[15:54] {nemo} out .35

[15:54] {Will49} next

01[15:54] {Threei}  finishing slighly negative

01[15:54] {Threei}  no time for next

[15:54] {Will49} next week

[15:54] {nemo} I'm positive, but it was a struggle...wanna' cup of coffee?

[15:55] {Will49} used to have a saying in sales "some will, some won't...next!"

01[15:55] {Threei}  good week overall

01[15:55] {Threei}  thank you all, have a great weekend

[15:56] {Will49} bye

01[15:56] {Threei}  see you Monday

[15:56] {scottie} see you monday all

[15:56] {cipher} cya

[15:56] {nemo} thanks for the warning

[15:56] {dptl} gn

[15:57] {dino} gn all

July 26 2012

Second half of the day was mostly empty but first one brought enough nice winners to make it a worthwhile day.


Session Time: Thu Jul 26 00:00:00 2012
[09:00] {scottie} gm
[09:00] {nemo} So, Draghi's going all Hypocratic on us...The Euro will be saved...It might be a brain dead quadraplegic, but it'll live
01[09:00] {Threei}  scottie :)
01[09:01] {Threei}  I read his speech
01[09:01] {Threei}  I don't get it
[09:01] {nemo} market just looking for an excuse...notice GS was trading at the top of it's range all day yesterday?
01[09:02] {Threei}  he said absolutely nothing beyond repeating thousand times said before "we will do whatever it takes"
[09:03] {nemo} how were numbers this morning?
01[09:03] {Threei}  not bad
01[09:03] {Threei}  if true
[09:04] {nemo} wow WFM up over 10%...downtick rule?
[09:04] {nemo} ;-)
01[09:06] {Threei}  judge for yourself:
01[09:06] {Threei}  (EU) ECB chief Draghi: If premium on Govt borrowing hurts monetary policy transmission then it falls within its mandate - comments from UK global investment forum
01[09:06] {Threei}  - ECB is ready to do what is necessary to preserve the Euro within its mandate }
01[09:06] {Threei}  - Reiterates that ECB priority is price stability; does NOT want to supplement govt actions
01[09:06] {Threei}  - Euro Area much stronger than what has been acknowledged
01[09:06] {Threei}  - EU has lower deficit and debt and higher social union compared to US
01[09:06] {Threei}  - Progress on fiscal and reforms have been remarkable over the last six months
01[09:06] {Threei}  - Believe euro is irreversible
01[09:06] {Threei}  - The interbank market is not functioning across countries
01[09:07] {Threei}  that's what market gaps up on?
01[09:07] {Threei}  Germany meanwhile said it's not aware of any movement to allow EFSF buy sovereign bonds
01[09:08] {Threei}  and we have these two gems from yesterday evening:
01[09:08] {Threei}  20:38(ES) Spain region's president Cascos: EU monetary system need to have a fundamental reform otherwise Spain needs to radically change its strategy and exit the euro before we are thrown out - financial press
01[09:08] {Threei}  20:34(GR) Citi sees a 90% chance of Greece droping the euro within 12-18 months vs prior 50-75% chance - financial press
01[09:08] {Threei}  - Said to assume the exit could take place on Jan 1st.
[09:09] {jackharry} good morning
01[09:09] {Threei}  jack :)
01[09:09] {Threei}  the only thing I see is, who turns the lights off?
01[09:11] {Threei}  here is exact quote from his speech:
01[09:11] {Threei}  within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough
01[09:11] {Threei}  okay...
[09:17] {Will49} Hello guys
01[09:17] {Threei}  will :)
[09:18] {RonS} gm dd's
[09:18] {RonS} dudes & Dolores
01[09:19] {Threei}  ron :)
[09:20] {Will49} Pretty cute for this early Ron
01[09:20] {Threei}  no kidding
01[09:20] {Threei}  I am still pondering it
[09:21] {Will49} Things set for an up day it appears
01[09:21] {Threei}  unless selling hits
[09:22] {Will49} :)
[09:24] {dolores} GM
01[09:24] {Threei}  dolores :)
01[09:27] {Threei}  I don't know guys... my inclination is to short the living hell out of this gap
01[09:27] {Threei}  2 SPY points worth, "within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough"
01[09:28] {Threei}  that redefines "ridiculous"
01[09:31] {Threei} Short Setup: FCX  .20 break hl
01[09:31] {Threei}  If holds  .30
01[09:31] {Threei}  1:1.5
[09:32] {dptl} gm
01[09:32] {Threei}  dp :)
[09:32] {scottie} +.15 in 16 seconds, Vad you're my hero
06[09:32] * Threei takes bow
[09:33] {nemo} he just likes bending over
[09:33] {nemo} sorry
01[09:33] {Threei}  grrr, LVS got away
[09:33] {nemo} not really
01[09:34] {Threei}  wanted .20 but it was way too fast to trigger
[09:34] {nemo} wow
01[09:36] {Threei} Short Setup: LVS  .20 break hl
01[09:36] {Threei}  If holds  .30
01[09:36] {Threei} Short Setup: GDX  .30 break
01[09:37] {Threei}  If holds  .40
[09:37] {nemo} cat short under .20
[09:38] {nemo} stop is .35
01[09:38] {Threei}  no go LVS
[09:38] {nemo} half .00
[09:38] {nemo} stop above....
[09:38] {nemo} er.....
[09:39] {nemo} not sure
[09:39] {nemo} watch this candle
[09:39] {ese} gm..............trading platform all "f" t up
01[09:39] {Threei}  frikin rinse
01[09:39] {Threei}  ese :)
[09:40] {nemo} partialed .40
[09:40] {nemo} think stop above .70
[09:40] {nemo} above .60
01[09:41] {Threei}  nice
[09:41] {nemo} cmon cat, die another death
[09:41] {nemo} stop above .40
[09:41] {dolores} stopped GDX
01[09:42] {Threei}  ?
01[09:42] {Threei}  didn't it trade to 1:1?
[09:42] {nemo} outif it goes back above .50
[09:42] {dolores} maybe made  amistake
01[09:43] {Threei}  dolores... please, follow the standard procedure
01[09:43] {Threei}  we have it for a reason...
[09:43] {dolores} thought was doing so
01[09:43] {Threei}  it takes away guessing and emotions
[09:44] {nemo} cat looks lower
01[09:44] {Threei}  stock goes to 1:1, we either take scalp or partial and trail to b/e
[09:45] {nemo} stop is .20
[09:45] {nemo} well .18 so I get a buck
[09:46] {nemo} took .83 out
[09:46] {nemo} pivot .78 should bounce unless market tanks
[09:46] {cipher} wtg nemo
[09:46] {nemo} ty
[09:46] {Will49} my hero
[09:47] {scottie} lots of heroes today
[09:47] {nemo} oh oh...better tell him about the old russian saying
[09:48] {nemo} cat tested yesterday's high and crapped out
[09:48] {nemo} spy sitting on R3 daily
01[09:48] {Threei} Long Setup:  POT  .60 break hl
01[09:49] {Threei}  If holds  .50
[09:49] {nemo} spxu break .15
[09:50] {nemo} long
01[09:50] {Threei}  target 1:2
[09:50] {nemo} although it's a tad iffy
[09:50] {nemo} think market needs to whack another time
01[09:52] {Threei}  let's trail to .54
01[09:52] {Threei}  1:1
01[09:52] {Threei}  half out
01[09:52] {Threei}  to .59
01[09:52] {Threei}  scalpers be free
01[09:53] {Threei}  1:2
01[09:53] {Threei}  out
[09:53] {scottie} scalp +.10 ty
01[09:53] {Threei}  1:3
01[09:53] {Threei}  dolores, played this one?
[09:53] {nemo} ah damn, forgot nflx...that's fire and forget, I mean short and forget
[09:53] {jackharry} out at .89, thanks!
01[09:53] {Threei}  yw
01[09:54] {Threei}  nice patience jack
[09:54] {dolores} yes thxs
01[09:54] {Threei}  can I have some of that?
01[09:54] {Threei}  cool
01[09:54] {Threei}  1:4... gimmie a gun
[09:54] {nemo} only if u r gonna' shoot yourself
01[09:55] {Threei}  that's what I am asking it for
01[09:55] {Threei}  unless you are in immediate proximity
[09:55] {nemo} oh...thought you might shoot ese
[09:56] {jackharry} not quite enough patience with hindsight, but im not complaining at 1:3
01[09:56] {Threei}  why... he likes my cooking and laughs at my jokes
[09:57] {nemo} then you'll have pleasant company in the afterlife
[09:58] {nemo} omfg...nflx
01[10:00] {Threei}  *(US) JUN PENDING HOME SALES M/M: -1.4% V 0.3%E; Y/Y: 8.4% V 12.1%E
[10:08] {thomcbell} what a circus
[10:08] {nemo} reflection of life isn't it?
[10:08] {Will49} send in the clowns
[10:08] {nemo} we have vad
[10:09] {Will49} ring leader
[10:09] {Will49} Vad
[10:09] {nemo} Reservoir Dogs
[10:09] {nemo} He's Mr. Pink
[10:10] {nemo} mmmhhhhh, wdc short?
[10:11] {nemo} we're getting close
[10:11] {thomcbell} i bought nem small on the 45.62 break
[10:11] {thomcbell} abx bouncing
01[10:11] {Threei} Short Setup: POT  .40 break
01[10:12] {Threei}  Invalidated
01[10:12] {Threei} Short Setup: MOS  .80 break
01[10:12] {Threei}  hl
01[10:12] {Threei}  If holds  .90
01[10:13] {Threei}  target 1:2
01[10:13] {Threei}  1:1
01[10:14] {Threei}  1:2, out
01[10:14] {Threei}  reversal nailed to perfection
[10:15] {ese} huh....shoot me....for what?    what have I done this time other than provide you all with outstanding market calls.....eh!
[10:15] {ese} well ...i guess there ok
[10:15] {nemo} you're there
[10:15] {nemo} Deservin' ain't got nothing to do with it
[10:16] {ese} lol
01[10:16] {Threei}  lol
01[10:16] {Threei}  favorite quote
[10:16] {nemo} yeah, love that movie
01[10:17] {Threei}  one more of faves:
01[10:17] {Threei}  Have you ever watched a crab on the shore crawling backward in search of the Atlantic Ocean, and missing? That�s the way the mind of man operates
01[10:17] {Threei}  H L Mencken
[10:18] {nemo} he's always been my hero
[10:18] {ese} now thats!!!! funny.......and true
[10:18] {nemo} imagine what aliens think of us
[10:19] {nemo} shit...bunny won't even be seen in public with me
01[10:19] {Threei}  aliens think of us?
01[10:20] {Threei}  all I've seen makes me think they eat us
[10:20] {Will49} they alien-ate me
[10:20] {nemo} cute
01[10:20] {Threei}  so I guess all they think is "which sauce?"
[10:20] {nemo} to serve man
[10:20] {Will49} :)
[10:20] {_robbers} The Japanese say the human mind is like a monkey jumping from tree to tree.
01[10:20] {Threei}  or "bbq or oven?"
01[10:21] {Threei}  that too is very true robbers
01[10:21] {Threei}  people capable of focusing are rare
[10:21] {Will49} buddists say concious mind is like a wild horse with you as the rider
01[10:21] {Threei}  that's why we day trade - our attention span is one of a moth {G}
[10:22] {nemo} short stx .29
[10:22] {nemo} stop above .40
01[10:22] {Threei}  except nemo... he has one of a fish
01[10:22] {Threei}  which is an upgrade
[10:23] {_robbers} And Mr. Draghi says:  "I never met a short I didn't want to squeeze."
[10:23] {nemo} yeah, I have to set up the monitors at each side of my head
01[10:24] {Threei}  draghi, borosso... what a bunch of clowns
[10:24] {nemo} guinea wops
[10:26] {Will49} borosso always spoke highly of you nemo
[10:27] {nemo} my name ends in a vowel, I can insult my own kind if I want
[10:27] {nemo} give me the frickin' 1:1 stx!!!
[10:27] {nemo} finally
[10:28] {nemo} stop is .35
[10:28] {nemo} now it's .25
[10:29] {nemo} partialed more .05
[10:30] {nemo} stop for last .20
01[10:31] {Threei}  my life has purpose now:
01[10:31] {Threei}  Apple Inc Release date of new iPhone 5 estimated at Sept 21 - tech blogs
01[10:32] {Threei}  you know there is never one imbecile?
01[10:32] {Threei}  (US) IMF's Rice: Draghi's earlier comments are a welcome reiteration of ECB's commitment to do what is necessary - regular press briefing- Notes additional funding for Greece must come from the EU
[10:32] {nemo} needless to say, out
01[10:33] {Threei}  POT short got away
01[10:33] {Threei}  had right idea but no precise setup
01[10:34] {Threei}  O
01[10:34] {Threei}  my
01[10:34] {Threei}  god
01[10:34] {Threei}  lookie here:
01[10:34] {Threei}  (EU) Sky News Reporter: ECB insiders are playing down earlier comments by ECB President Draghi, noting that "he's said the same before"
01[10:34] {Threei}  really?? someone else noticed??
[10:34] {Will49} clowns are running in circle now
[10:34] {RonS} lol
[10:35] {ese} it's shortin time......
[10:36] {nemo} NOV
[10:37] {nemo} short .68
[10:37] {nemo} stop is above .85
[10:40] {nemo} I'm adding if it drops .50
[10:40] {nemo} shot some more .47
[10:41] {nemo} partialing .34
[10:42] {cipher} +.46 nov short
[10:42] {nemo} stop is .55ish
[10:42] {cipher} thx nemo
[10:42] {nemo} yw
[10:43] {nemo} more .10
[10:43] {nemo} half left
[10:43] {nemo} stop is .40ish
[10:44] {nemo} stop .26
[10:45] {nemo} oh well
[10:45] {nemo} where was my stop before, where did it top out...dumb bastard
[10:46] {nemo} nov
[10:46] {nemo} sorry
01[10:48] {Threei}  I just found out I belong to 8%
01[10:48] {Threei}  49% Trust #Romney More On #Economy; 43% Trust #Obama More.
01[10:48] {Threei}  I don't trust eaither, so...
[10:49] {Will49} senior clowns
01[10:49] {Threei}  lol
[10:49] {Will49} ok ok enough of my metaphor
[10:50] {nemo} o.k. don't feel so bad about NOV exit
[10:51] {thomcbell} 100% of us population trust sugary drinks , treats and TV over anything in print
[10:52] {thomcbell} :('''''''''''''''
[10:52] {nemo} humanity is remarkably susceptible to make believe
[10:52] {nemo} think about how often in your day your thoughts have nothing to do with what you are doing
01[10:53] {Threei}  I categorically disagree tbell. I value printed word very much. I get a lot of valuable information from reading the cereal boxes and Coke labels
[10:53] {thomcbell} hehehe
[10:54] {ese} I think I want at NOV nemo........thats gonna make a run at the days high before this day is ove
[10:54] {nemo} spy bounce here, how much...don't know
[10:56] {nemo} not much I guess
[10:56] {ese} out
[10:57] {nemo} ese, it's so far stretched above R3 on the daily, it's a low probability play until it gets back towards the whole
[10:57] {nemo} imo
[10:57] {cipher} L TNA .22
[11:00] {nemo} wow odd action on qcor
[11:01] {cipher} L NOV .50
[11:02] {cipher} out 1/2 tna .34
[11:05] {nemo} think akam is a short, don't like the stop though
[11:06] {cipher} out rest tna +.02
[11:06] {nemo} and it's holding in this downdraft
[11:06] {nemo} wow
[11:07] {ese} tks nemo
[11:07] {nemo} what I do?
[11:07] {Will49} it;s enough just to be you nemo
[11:07] {nemo} now the stuff is squishin' between my toes
[11:08] {cipher} nov stopped .29 -.21
[11:08] {nemo} wow akam
[11:09] {ese} ya just lookin at that
[11:10] {thomcbell} german parlimentairy members criticize the drahgi comments says www.ransquawk.com    
[11:10] {thomcbell} this was right before the downdraft
01[11:12] {Threei}  PIMCO ?@PIMCO
01[11:12] {Threei}  Gross: Spanish yields drop 50 basis on #Draghi. No matter. They need 400 basis more to remain solvent longer term.
01[11:13] {Threei}  come on Cross, what's the matter with you
01[11:13] {Threei}  Draghi will say it 8 times more
01[11:13] {Threei}  and voila - 400 points
01[11:13] {Threei}  8x50 = 400
01[11:13] {Threei}  learn the math man
[11:18] {nemo} dino is quiet today
[11:20] {cipher} I think he's invisible
[11:20] {nemo} he sees dead people
[11:25] {nemo} clr
[11:25] {nemo} wow
[11:31] {nemo} think LVS might be redy to drop a bit
[11:31] {nemo} tested .60
[11:31] {nemo} retest maybe?
[11:32] {nemo} retest
[11:33] {nemo} nothing like stretching the stop range a bit
[11:34] {nemo} o.k. liquid lunchtime
[11:40] {nemo} akam short below .60 anybody?  having said that, akam is a widowmaker
01[11:44] {Threei} Short Setup: POT  .75 break
01[11:44] {Threei}  If holds  .85
[11:44] {ese} sync....beyond stupid imo....dn 30%  with good guidance yesterday....I think we have a dino special here
[11:45] {RonS} hearing firms quitting trading French adr's due to 8/1 20bps transaction tax
[11:45] {nemo} spxu .76
[11:45] {nemo} stop under .70
[11:49] {nemo} nov could be interesting entry here, I missed the earlier one...short that is
[11:49] {nemo} akam worked
[11:51] {dolores} POT did not trigger ?
[11:51] {dolores} did nit see .74
01[11:51] {Threei}  it did
[11:51] {dolores} ok
01[11:51] {Threei} Long Setup:  TZA  .62
01[11:51] {Threei}  If holds  .55
[11:52] {nemo} I'm scratching spxu into lunch
[11:53] {nemo} aapl leaking like a bad tire
01[11:53] {Threei}  POT 1:1
[11:54] {ese} L sync .40
[11:54] {ese} 3/4
06[11:54] * Threei sings "fiiiish in a baaaarrrell" to the tune "smoke on the water"
[11:54] {nemo} cam short .10
[11:55] {nemo} stop above .20 small
[11:55] {nemo} lunchtime, and I have to keep one hand on the bottle
[11:56] {nemo} don't like that candle tightening to .16
[11:56] {nemo} probably one early
01[11:57] {Threei}  European equity markets surged and US futures rose this morning after comments by ECB President Draghi, who stated that dealing with surging yields on the debt of some euro zone governments is "part of the mandate" of the ECB. The comments were taken as evidence that the ECB is moving closer to either reactivating its SMP bond buying program or otherwise working to cap yields. Some analysts point out that Draghi has said very similar things in the past and that today's comments are nothing new, however yields on 10-year Spanish debt have fallen to 6.8% from well above 7.2% earlier in the morning and Italian 10-year yields are close to dipping below 6%.
[11:57] {nemo} ow
01[11:57] {Threei}  amazing...
01[11:57] {Threei}  even if ECB starts buying them, then what?
01[11:57] {Threei}  ECB gets deep into debt, what's next?
01[11:58] {Threei}  it's merely a matter of distribution of the burden
01[11:58] {Threei}  burden itself is still the same and impossiblem to handle
01[11:58] {Threei}  imbeciles
01[12:04] {Threei}  haf out
01[12:04] {Threei}  TZA
[12:06] {nemo} qcor setting up long just don't like the setup in this environment
01[12:08] {Threei}  OK... now I know what's wrong with this world
01[12:08] {Threei}  I will post an e-mail I just in its entirety except the name
01[12:08] {Threei}  and you figure it out, just as I did
01[12:08] {Threei}  Vad,
01[12:08] {Threei}  I want to express my gratitude for a free trial. It was highly educational, and the atmosphere in the room is very pleasant. I profited to the tune of $450/day average in 4 days I spent in tne room, so again, thank you.
01[12:08] {Threei}  Unfortunately I view the room cost a bit too high at $300/month. Too bad, as I really liked the room.
[12:09] {nemo} interesting
[12:09] {nemo} so, he more than paid for the room in one day
[12:10] {nemo} he actually paid for 6 months on the trial alone
01[12:10] {Threei}  150% in a day
01[12:10] {Threei}  avergae
[12:10] {nemo} frickin' democrats
01[12:10] {Threei}  see... I knew it wasn't me
01[12:11] {Threei}  your service brining me 450/day is not worth 300/month
01[12:11] {Threei}  okay then
01[12:11] {Threei}  is it me or twitter is down?
[12:11] {nemo} twitter down
[12:12] {ese} or me this time.........usually when nemo starts a sentence with frickin.......it's refering to me
[12:12] {nemo} frickin' sensitive musicians
[12:12] {nemo} feel better?
[12:12] {ese} ya.......tks
[12:13] {nemo} o.k. spy and iwm long
[12:13] {nemo} tna .75
[12:13] {nemo} stop .68
[12:13] {nemo} offering .90
[12:14] {nemo} yep
[12:14] {nemo} 1/4 more offering .99
[12:15] {nemo} stop is .78
[12:15] {nemo} one could make an argument for an add over .95
[12:16] {nemo} cmon
[12:17] {nemo} frickin' ppt is holding it down
[12:19] {nemo} rcl might be short under .00
[12:20] {nemo} cmon...03 more cents
[12:20] {nemo} yep
[12:21] {nemo} stop .88
[12:21] {nemo} kinda slow day
[12:22] {nemo} rcl pivot .24, close is about .30, looking for that area to short
[12:24] {nemo} ow
[12:25] {nemo} caught me a bit out .84
[12:25] {nemo} frickin' gap days with musicians in the room
01[12:25] {Threei}  lol
[12:26] {nemo} mail today, day trading academy wants to invite me to a free seminar
[12:27] {nemo} o.k. what is rcl gonna do here
[12:28] {nemo} great, is tna gonna' get me lifting my stop?
[12:29] {nemo} shoulda' known better sorht .99 rcl
[12:29] {nemo} shoulda known better on tna
[12:29] {nemo} left side of the IH&S should have held the stop
[12:30] {nemo} partialed .89
[12:30] {nemo} stop for remainder above .06
[12:35] {nemo} hard stop on rcl see ya in a bit
[12:41] {ese} L nov .78
[12:50] {thomcbell} charles i sent u a message please check
06[12:55] * Threei slaps cc_8 around a bit with a bottle of warmed up vodka
[13:07] {ese} I'm aback.......it's the harmony that I bring to the room........nemo....ehhhhhh
[13:07] {Will49} hit him again
01[13:07] {Threei}  who?
[13:08] {Will49} CC
[13:08] {ese} sync........finally
06[13:09] * Threei slaps cc_8 around a bit with a frozen fish
[13:09] {Will49} that ought to do it
[13:09] {Will49} vodka is for drinking
[13:17] {ese} out sync
[13:17] {RonS} gj ese
[13:18] {ese} .57 +.17
[13:18] {ese} tks
[13:18] {Will49} that is truly your stock ese sync-opation
[13:19] {ese} ha ha............I actually hate the way the one trades............that goes on my list of don't do agains
01[13:30] {Threei}  lol... Biden: I don't think Romney really understands what firefighters are all about
01[13:30] {Threei}  silly season is in full force
[13:30] {Will49} what a goof
[13:31] {Will49} oops, I revealed my politcal bias
01[13:31] {Threei}  you are biased against goofs?
01[13:32] {Threei}  and I gather, clowns?
[13:32] {Will49} generally, yes
[13:32] {Will49} goofs
01[13:33] {Threei}  can't say I am a fan of Romney, but it doesn't matter... my bias is simply that current inhabitant of WH must go
[13:33] {Will49} agree....nothing will change if Romney gets in
[13:33] {Will49} need a new POTUS for sure
[13:56] {ese} nov....maybe this is the time.......make a run at those highs
[14:00] {dolores} TSCO any Short?
[14:00] {nemo} funny how the pivot point confluences control the spy price action
[14:00] {dolores} seems cannot break that 92.80?
01[14:01] {Threei}  flatlined...
01[14:01] {Threei}  hard to tell
01[14:01] {Threei}  it will break sooner or later but which way is pretty much 50/50
[14:02] {dolores} ok
[14:02] {dolores} seems  UP!!
01[14:02] {Threei}  yeah
[14:08] {nemo} wynn....mmmmhhhhh
[14:09] {ese} out nov .40 +.57
[14:09] {ese} good for me today gentlemen..............cya tomorrow
[14:10] {nemo} ah...ese
[14:10] {nemo} ?
01[14:10] {Threei}  take care ese, gj
[14:10] {ese} yyyyeeeeeeesssssssssah?
[14:10] {ese} tks vad
[14:10] {nemo} what about dolores, ese?
[14:11] {nemo} frickin' musician
[14:11] {ese} what are we doing about delores?
[14:11] {nemo} "[14:10] {ese} good for me today gentlemen..............cya tomorrow"
[14:11] {ese} alright.....what did I miss this time
[14:11] {nemo} frickin' blonde musicians
[14:11] {nemo} or is that a dye job?
[14:12] {dolores} whats up Nemo'
[14:12] {nemo} ese insulted you
[14:12] {nemo} he's like that
[14:12] {ese} opps!!!!!! sorry D.........I'll make it up to you somehow
[14:12] {ese} called you a gentleman.............then nemo got picky
[14:12] {dolores} ok ese
[14:13] {ese} cya
[14:13] {dolores} take care
[14:13] {dolores} ok I see
[14:13] {dolores} seems only woman here
01[14:14] {Threei}  if not counting days when nemo gets in touch with his feminine side
[14:14] {RonS} lol
[14:14] {nemo} nice one Vad
[14:18] {nemo} http://fwd4.me/16br
01[14:23] {Threei}  TSCO just bobbing up and down
01[14:23] {Threei}  can't read it really
[14:26] {nemo} cipher thinking aapl setting up for a long here
[14:26] {nemo} there she goes
[14:27] {dolores} wll I guess TSCO breaks out or it will go down further this time?
[14:27] {dolores} how do charts look to you?
[14:28] {nemo} stx long  here
[14:28] {dolores} huge spread 10 cents
[14:28] {nemo} holds .500 and then pops this .56
01[14:28] {Threei}  50/50 dolores
01[14:28] {Threei}  pure guessing
01[14:28] {Threei}  not my kind really
[14:28] {dolores} ok
[14:29] {nemo} Hey Dolores, nothing is clear when things aren't moving setups aren't necessarily setups
[14:29] {nemo} just my opinion
[14:29] {dolores} yes thxs
[14:30] {nemo} oh, and when things aren't moving, hughe spreads are asking for trouble
[14:31] {dolores} yes just watching and learning
[14:34] {Will49} me too
[14:35] {nemo} oh interesting stx held .50 this might work
[14:35] {nemo} target .80 area
[14:35] {nemo} now that's bored, I'm going for .25 cents
[14:37] {nemo} wow, tsco seen some action, that's gonna be some plays over the next week or so
[14:42] {nemo} somebody unloading a hefty amount here
[14:42] {nemo} tsco
[14:44] {nemo} this is bothering me now stx
[14:45] {nemo} stop is .54 in stx
01[14:47] {Threei}  oh god
01[14:47] {Threei}  ES) Spain Econ Min Guindos: Treasury can meet its debt payments; rules out possibility of a bailout for Spain- There was never even the remotest chance that Spain would require a bailout.
[14:47] {nemo} 1:1
[14:49] {Will49} thanks for commentary nemo..it's helpful
[14:49] {nemo} scares the shit out of me
[14:49] {Will49} on stx
[14:49] {nemo} and Gawd knows I'm full of it ;-)
[14:50] {nemo} that's why Vad counts me as a friend
[14:50] {nemo} hehehehhehe
[14:50] {nemo} anyway...imo
01[14:50] {Threei}  that, and you make me look kind
01[14:50] {Threei}  and caring
[14:50] {nemo} I talked about the tracking stocks I keep up
[14:50] {nemo} Well I also keep a list of the gainers and losers for the day
[14:51] {nemo} If numbers aren't changing rapidly and colors aren't flashing...nothing is really moving, so that's when setups don't become setups...imo
[14:51] {Will49} tks
[14:52] {nemo} now I took stx because of relative strength and it was the time of day for things to start moving a little
[14:52] {Will49} hmmmm
[14:52] {nemo} hmmmmm....what?
[14:52] {Will49} you were sure right about stx
[14:53] {nemo} stop under .65
[14:53] {Will49} that was hmmmm with an up-inflection
01[14:53] {Threei}  see, nemo is unique... unlike other broken clocks he is right 4 times a day
[14:54] {Will49} :)
[14:54] {nemo} Well, I have quantum capabilities
[14:55] {nemo} now if tsco can't break in this run, that tells you somebody is dumping a doodooton of stock
01[14:55] {Threei}  and he lives in chronosynclastic infundibulum
[14:55] {nemo} yeah, rough neighborhood
[14:55] {Will49} comon Vad....this is tough enough without latin
[14:56] {Will49} come=-on
[14:56] {nemo} te morituri salutamos
[14:56] {Will49} you too?
[14:56] {nemo} de gustibus nom disputandem est
[14:56] {Will49} or is that e tu
01[14:56] {Threei}  et tu
[14:56] {Will49} right
[14:56] {nemo} cogito ergo sum
[14:59] {nemo} dolores, that's what you call a seller on TSCO...somebody has a big order to fill
[15:01] {nemo} yeah that 50 SMA violation was the bottom on Tuesday (SPY)
[15:02] {nemo} thinking we stay above 135 tomorrow
[15:02] {nemo} got a little break above on tsco, but seller right bat at 93
[15:03] {nemo} whoa, baby
[15:03] {nemo} let's see if this was just to clear out the long's stops
[15:04] {nemo} out stx .75
[15:04] {Will49} nice call nemo
[15:04] {nemo} things look like they might weaken, but they're as clear as mud
[15:04] {nemo} ty
[15:05] {nemo} great
[15:06] {nemo} now let's see if tsco breaks
[15:07] {nemo} tsco would have made me pull the hair out of my head
[15:11] {nemo} brilliant frickin' move nemo
[15:12] {nemo} this is starting to hurt
[15:13] {nemo} seller gone
[15:13] {nemo} but that's hard to predict
[15:14] {nemo} tsco that is
[15:16] {RonS} classic flush to buy cheaper...GLUU murdered off znga, even though znga drop due to move to mobile gaming
[15:16] {RonS} gluu halted w/ reports hitting of stellar earnings and raised guidance...unreal
[15:17] {RonS} gluu does mobile gaming...
01[15:17] {Threei}  FB itself reports too today, right?
[15:19] {RonS} yes...will be ugly i suspect
01[15:19] {Threei}  has to be
[15:21] {nemo} i'm ill
[15:22] {RonS} gluu 22% float short...they are going to get murdered...
[15:22] {Will49} good heavens
[15:22] {nemo} wow look at tsco, frickin nightmare
[15:22] {nemo} hey dolores.....
[15:22] {nemo} take that off your screens
[15:22] {Will49} a noob's nightmare
[15:23] {RonS} why nemo...
[15:23] {nemo} nightmare period
[15:23] {nemo} wild action
[15:23] {nemo} it has a musician's personality
[15:24] {nemo} that's fine for dino or cipher
[15:24] {nemo} which means u 2 Ron
[15:24] {nemo} don't look at stx
[15:25] {RonS} no name authors at seeking alpha mudered vhc and wwww today...strange day...must signal something
[15:25] {Will49} can't help myself
[15:25] {nemo} yeah, it's like a bad accident
[15:25] {nemo} Robert Sinn
[15:25] {nemo} http://fwd4.me/16c0
[15:26] {nemo} was on a suspended license
[15:26] {Will49} looks like mean character
[15:27] {Will49} go ahead vad...say something about nemo
01[15:27] {Threei}  as far as I am concerned, seeking alpha lost credibility a good while ago, with people of no proven record or background posting articles left and right
01[15:27] {Threei}  lol
01[15:28] {Threei}  anyone who likes of dislikes siome stovk and has position in it goes in and offers article hyping his pov, and gets published
01[15:28] {Threei}  noise top signal ratio is ridiculous
01[15:28] {Threei}  top = to
01[15:33] {Threei}  Just 23% Have a Favorable Opinion of #Geithner
01[15:34] {Threei}  uh oh... I find myself in a majority
01[15:34] {Threei}  very uncomfortable feeling
[15:34] {RonS} lol
[15:34] {Will49} :)
01[15:34] {Threei}  but I am not about to start liking him just to return to personal comfort zone
[15:34] {RonS} geitner should be in jail since he knew of the libor fix in 2005...
01[15:35] {Threei}  not even speaking of suchn insignificant detail as cheating on his personal taxes
[15:38] {nemo} maybe little pull back in the morning...but probably rip higher with possibility of sell off later in the afternoon
01[15:40] {Threei}  GLUU opened
01[15:44] {Threei}  climb into close... not my traduing environment
[15:44] {nemo} could open around 137.25 tomorrow
[15:44] {nemo} climbing on bad economic news, BULL MARKET
01[15:45] {Threei}  I fisagree
01[15:45] {Threei}  f-d
[15:45] {Will49} gotta elect O'Bummer
01[15:46] {Threei}  EU, the only thing that matters
[15:46] {nemo} it can stay irrational longer than we can stay solvent...
01[15:46] {Threei}  overnight hint of possibility it doesn't break - we gap and climb
01[15:46] {Threei}  no one cares about earnings, economy etc until; this thing resolved
[15:46] {Will49} it may never be
[15:47] {Will49} just slow death
[15:47] {nemo} iwm needs to test the gap at 79 and spy needs to test the top at 138
01[15:47] {Threei}  any great earnings and economic numbers won't keep market up if EU breaks down (again)
01[15:47] {Threei}  sdo it's not "up despite bad news"
01[15:47] {Threei}  it's "up on aleviating the worst fear"
01[15:48] {Threei}  that's not bull market, it's knee-jerk market
[15:48] {dptl} gn all
01[15:48] {Threei}  take care dp
[15:48] {Will49} CY dp
01[15:50] {Threei}  thank you all
01[15:50] {Threei}  have a good evening, see you tomorrow
[15:50] {Will49} tks vad

July 25 2012

Interesting day that started with a few tight stops in quick succession, then nice juicy winning trades that put us back in black. Repairing the day slowly and carefully, with no rush and no pushing. Room members nailed quite a few amazing plays today, on QCOR, WLP and others.

Session Time: Wed Jul 25 00:00:00 2012

[08:49] {nemo} Wow:  fwd4.me/16WM

01[08:57] {Threei}  heh

[08:57] {nemo} see the video in the Zero-douche's blog?  wow

01[08:59] {Threei}  thing that amazes me about glass-steagal, no sane person cam possibly come up with any sane justification for its removal, nor against restoration of it - and yet here we are, both happen

[09:00] {nemo} Earth is the perfect definition of "Hell"

[09:09] {dino} gm

01[09:09] {Threei}  dino :)

[09:09] {jackharry} Good morning

[09:09] {nemo} Ron makes me appreciate Les...that's scary

01[09:10] {Threei}  jack :)

[09:10] {dino} i see all is well in the world today w/ppt saying they are tepping in

[09:10] {dino} stepping

01[09:11] {Threei}  yes... problems are solved

01[09:13] {Threei}  wekk, not all of them to be fair - we still have to deal with garbage pickers' iuniform not being exact fit to their figures... but relieved from financial crisis, world will overcome this

[09:16] {ese} gm

01[09:16] {Threei}  ese :)

[09:17] {Will49} Hi

[09:17] {ese} will vad nemojack dino

01[09:18] {Threei}  will :)

[09:19] {scottie} gm

01[09:19] {Threei}  scottie :)

[09:20] {RonS} howdy everyone

01[09:21] {Threei}  ron :)

01[09:24] {Threei}  AAPL slight gap down

01[09:28] {Threei}  skipping first minutes

01[09:29] {Threei}  all my instincts scream short it

01[09:29] {Threei}  can be dangerous to listen to them while market climbs

[09:31] {dolores} hello GM

01[09:31] {Threei}  dolores :)

01[09:32] {Threei}  FCX just called, said "you should have listened to those instincts of yours"

01[09:32] {Threei}  and hung up

01[09:32] {Threei}  with evilish laughter

01[09:33] {Threei}  another call, caller ID says LVS... I am not picking up

01[09:34] {Threei} Long Setup:  SLW  .80 break

01[09:34] {Threei}  change to .75 break

01[09:34] {Threei}  If holds  .70 

[09:35] {ese} L altr .16

01[09:36] {Threei} Long Setup:  FCX  .15 break hl

01[09:36] {Threei}  If holds  .05 

01[09:36] {Threei}  Invalidated  FCX 

[09:36] {ese} out altr .42 +.26

01[09:37] {Threei} Long Setup:  FCX  32 break hl

[09:37] {dolores} SLW stop .69 ?

01[09:37] {Threei}  yes

01[09:38] {Threei}  FCX, stop .94

01[09:39] {Threei}  SPY behaves

01[09:39] {Threei}  followers not so much

01[09:40] {Threei}  no go FCX

[09:40] {dolores} out FCX

01[09:40] {Threei}  ditto SLW

01[09:41] {Threei}  rinse

01[09:44] {Threei} Long Setup:  GDX  .30 break

01[09:44] {Threei}  If holds  .25 

[09:45] {nemo} cat

[09:45] {nemo} damn

[09:45] {nemo} was gonna say short below .60

01[09:45] {Threei}  Invalidated  

[09:47] {nemo} remind me not to notify before I enter a trade

01[09:48] {Threei} Long Setup:  IWM  77 break

01[09:48] {Threei}  ugh, late

01[09:48] {Threei}  see if pulls back for entry

01[09:48] {Threei}  in .02

01[09:49] {Threei}  stop .94

01[09:50] {Threei}  wow

01[09:50] {Threei}  no go

[09:50] {nemo} wow, would have been done for the day

01[09:50] {Threei}  with CAT?

[09:50] {nemo} I notified before I entered the trade and it dropped .60 like a rock

01[09:50] {Threei}  yeah, nice drop

[09:50] {nemo} no chance to get in, wasn't expecting that

01[09:51] {Threei}  well, my initial instinct to short the deuce out of everything was right

01[09:51] {Threei}  no clear setup though

[09:51] {RonS} chrw sm l .40

[09:51] {nemo} where do yo find these stocks?

[09:52] {nemo} musth be the dino-ron bromance...

[09:52] {nemo} of course, I'm just jealous 

01[09:52] {Threei} Long Setup:  X  .16 break

01[09:52] {Threei}  If holds  .10 

[09:53] {RonS} review earnings and look for overdone situations...

01[09:53] {Threei}  and keep fresh diapers handy

[09:54] {RonS} limited risk keeps diapers at bay...lesson learned from dino

01[09:54] {Threei}  new home sales at 10

01[09:54] {Threei}  Invalidated  X 

01[09:56] {Threei} Short Setup: POT  44 break

01[09:56] {Threei}  If holds  .10 

[09:56] {nemo} numbers at 10

01[09:57] {Threei}  Invalidated  

[09:59] {Will49} isn't this supposed to be fun?

01[09:59] {Threei}  isn't it?

[09:59] {Will49} boggles my Noob mind

[09:59] {nemo} like the story of Monk Sha

01[10:00] {Threei}  *(US) JUN NEW HOME SALES: 350K V 371KE

[10:00] {Will49} who?

[10:00] {nemo} Monk Sha

01[10:00] {Threei}  yikes

[10:00] {nemo} Chinese story

01[10:01] {Threei} Long Setup:  FCX  .75 break

01[10:01] {Threei}  If holds  .65 

01[10:01] {Threei}  actually, let's change to .70 break

01[10:02] {Threei}  with invalidation .60

[10:02] {nemo} db

01[10:02] {Threei}  nope

[10:02] {RonS} out chrw flat

01[10:03] {Threei}  POT setup is back

01[10:04] {Threei}  same, 44 break short

01[10:06] {Threei}  new home sales lowest since Jan

[10:07] {cipher} fcx l.55

[10:09] {dolores} is POT tieggered?

[10:09] {dolores} did not see it below 44

01[10:09] {Threei}  not yet

[10:09] {dolores} ok 

01[10:11] {Threei}  invalidated

01[10:11] {Threei}  so far, not getting today's rhythm

01[10:11] {Threei}  keeping stops small

[10:12] {dolores} LVS to lows

[10:12] {dino} chrw odd, not bad report

01[10:12] {Threei}  since gravity is not abolished and we are bound to hacve losing day now and then, main thing is to keep it under control

[10:13] {Will49} now you tell me:)

[10:13] {dino} ghrw sm l .75

[10:14] {nemo} what stock dino?

[10:15] {ese} L brcm .53

[10:15] {nemo} cat

[10:16] {ese} out brcm .66 +.13

[10:16] {dino} chrw sorry

[10:16] {cipher} out 1/2 fcx .70 +.15

[10:16] {dino} gj

[10:17] {dino} out chrw .25, +.50 thx ron

[10:17] {RonS} yw gj

01[10:18] {Threei}  wtg

[10:18] {thomcbell} long setup lvs 37.51 break if holding 37.43

[10:18] {dino} something tells me i'm out too soon

[10:19] {RonS} bunny give you a call?

[10:19] {thomcbell} target 1:3

[10:19] {dino} re-load sm l .40

[10:19] {cipher} out rest fcx .75 +.20

[10:19] {dino} gj

[10:19] {cipher} ty

[10:20] {dino} banging on vwap

[10:20] {dino} bp spike

[10:20] {dino} and drop

[10:20] {nemo} that vwap is the 23.6 retrace too

[10:21] {thomcbell} lvs 1:1

[10:21] {dino} 20 dma calling imo

[10:21] {dino} tumi spike

[10:22] {nemo} should have been looking at wlp

[10:23] {dino} out chrw .84, +.44

[10:23] {RonS} wanted wlp sub 53...

01[10:23] {Threei} Short Setup: MCP  .60 break hl

[10:23] {cipher} wtg dino

[10:23] {nemo} how's it feel to want?

[10:24] {dino} thx

01[10:24] {Threei}  nice trades guys

[10:24] {thomcbell} lvs 1:2

[10:24] {RonS} hig rolling, high earning son-in-law bought one tume bag...$450

[10:24] {nemo} going to .90 area lvs

[10:24] {RonS} tumi

01[10:25] {Threei}  nailed LVS to perfection tbell, as cipher - FCX

[10:25] {dolores} SLW tricked us

01[10:26] {Threei}  dirty scoundrel

[10:28] {RonS} wow uri 150 day low on top of cat report

[10:29] {RonS} cymi low vol pulp of the day

[10:29] {thomcbell} stop for me is 37.64 on rest so i am out 

[10:30] {dino} cymi downgrade to hold

[10:30] {nemo} so it's a buy

[10:31] {dino} lol

[10:33] {ese} L altr.17

[10:33] {ese} eck,,,,,,chased it a bit

[10:34] {nemo} short wlp .99

[10:35] {nemo} target .70ish, stop .10

[10:36] {dino} wow cymi pulp indeed

[10:42] {nemo} so...is 10:30 the new lunchtime

[10:46] {nemo} took half .78

[10:48] {nemo} stop above 55

01[10:48] {Threei} Long Setup:  TZA  20 break

[10:49] {ese} out altr .47 +.30

01[10:49] {Threei}  nice

01[10:50] {Threei}  stop .94

[10:50] {ese} i'll take....a K and a 1/2

[10:50] {ese} it

01[10:50] {Threei}  target .15- .20

01[10:51] {Threei}  two partials

01[10:51] {Threei}  one is here .08

[10:51] {ese} the mrkt is just bizzare to read

01[10:51] {Threei}  I got my first win... how adorable

01[10:52] {Threei}  just when you all gave up on me for the day {G}

01[10:52] {Threei}  stop's .99

01[10:53] {Threei}  (obviously)

[10:53] {nemo} 1/4 more .48

[10:53] {RonS} gj...+.12 here

[10:53] {nemo} not sure where the stop is now

[10:53] {scottie} :(platform went down for 3 minutes, could't get in

01[10:54] {Threei}  ugh

[10:55] {nemo} o.k. vad, where do I put the stop on wlp?

[10:55] {nemo} guess the high of this retrace?

01[10:55] {Threei}  .55

[10:55] {nemo} ahhhh, o.k.

01[10:56] {Threei}  out in full .17

[10:56] {nemo} now .40

01[10:56] {Threei}  just as planned

01[10:57] {Threei}  yes

[10:57] {dino} hmmm, fed may have lost their influence, mkts going red

01[10:57] {Threei}  although considering how far dopwn it went already, I personally would have started choking it

[10:57] {nemo} ok new stop is the bounce off the whole

01[10:58] {Threei}  .15 would be now for me nemo

01[10:58] {Threei}  dino... my line of thinking is: nothing matters but EU

[10:58] {nemo} what dd you think I am, a scalper?

01[10:58] {Threei}  EU is inching closer to falling apart, market goes down - earning be damned, Fed be damnded

[10:58] {nemo} wow, huge dark pool transaction at .50

[10:59] {nemo} ANARCHY!!!!

01[10:59] {Threei}  it all will come in play later

[10:59] {nemo} we'll be eating our young soon

01[10:59] {Threei}  EU collapse is not a white snow

01[10:59] {Threei}  's sneeze

01[10:59] {Threei}  it's an e,limiation of major world currency

01[11:00] {Threei}  the sheer mass of unknown is enough for anyone to just get out of the pool and wait

[11:00] {ese} hmmmmm   whats a dark pool transaction nemo?  And how can you tell.........haven't heard that term before

[11:01] {nemo} off market...my broker is tied into some of the dark pools so I see transactions not on open market

[11:02] {ese} hmmmmm interesting....are they positive or negative.......or i guess both

[11:02] {nemo} stop is now .06

[11:02] {dolores} LVS at lows again

01[11:03] {Threei}  hmmm... I guess you ARE scalper

[11:03] {dolores} breaking down

[11:03] {nemo} I'm fighting with the emotional desire to get a straight buck on it, and just keep playing it until it says to stop playing

01[11:04] {Threei}  choking it with tight trail is a good compromise

[11:04] {nemo} I like choking

01[11:04] {Threei}  there you go

[11:04] {Will49} TMI

01[11:04] {Threei}  double benefit

[11:04] {nemo} there's that surreal site of the eyes clouding over as the soul leaves the body

[11:04] {nemo} sight

01[11:04] {Threei}  OK, that's stolen

[11:05] {dino} chrw lod

[11:05] {nemo} huh?

01[11:05] {Threei}  Steven King, Firestarter

[11:05] {nemo} never read it

[11:05] {nemo} although he only lives about an hour and a half away

[11:06] {nemo} should have added back in when it was having such a problem at 54

[11:06] {nemo} stop is just above the whole

01[11:06] {Threei}  fantastic trade

06[11:07] * Threei slaps nemo around a bit with a large roll of cash

[11:07] {nemo} had to slap me around with the vaseline yesterday, got the pillow for today

[11:07] {Will49} nemo fun to watch

[11:07] {Will49} the trade, not you

01[11:07] {Threei}  and to slap

[11:07] {nemo} nice Will

[11:07] {nemo} not you of course

[11:07] {nemo}  the insult

[11:08] {Will49} :)

[11:08] {Will49} got me

01[11:08] {Threei}  nice both of you

01[11:08] {Threei}  well, not you... the exchange

[11:08] {nemo} I was lucky I looked at wlp when that huge volume spike hit at 10:32

[11:09] {RonS} btu sub 19

01[11:09] {Threei}  speaking of King... dino, guess what epic movie is in works

[11:09] {nemo} oh oh

[11:11] {dino} tell me

01[11:11] {Threei}  Dark Tower

[11:11] {Will49} yea nemo oh oh what?

[11:11] {dino} cool

[11:12] {nemo} wlp bounce, sorry

01[11:12] {Threei}  lol

[11:13] {nemo} just to be ahh,,,something, stop is .97 so I get my buck

[11:13] {nemo} stop is .75

[11:13] {nemo} that might be a tad tight

[11:13] {nemo} should probably be a tad over .80

[11:14] {nemo} see what I mean

[11:14] {nemo} out .81

[11:15] {nemo} fear and greed got the best of me

01[11:15] {Threei} Long Setup:  LVS  .50 break

[11:15] {thomcbell} could make a case for 37.47

01[11:16] {Threei}  yup

[11:16] {nemo} could make case for lvs short

[11:16] {thomcbell} yes on a channel break

[11:16] {thomcbell} ?

[11:16] {nemo} yep, fear and greed, dumb bastard

[11:17] {thomcbell} with earnings tonight - i am going to keep playing the long side

[11:17] {thomcbell} im in at 0.47 FYI

01[11:18] {Threei}  nice: History is merely a list of surprises. ... It can only prepare us to be surprised yet again.

[11:18] {thomcbell} stop is obvious Vad :)

01[11:18] {Threei}  :)

01[11:18] {Threei}  my favorite leftie...Kurt Vonnegut

01[11:19] {Threei}  46% Say Romney Should Release More Tax Returns, 46% Disagree

01[11:19] {Threei}  yes, this is what is of utter importance

[11:19] {RonS} mine...Sandy Kolfax

01[11:19] {Threei}  rofl

[11:20] {ese} L altr..11

[11:20] {RonS} wow gra

[11:26] {dolores} stop for LVS?

[11:27] {dino} cymi sm l .00

01[11:27] {Threei}  under .40

[11:27] {scottie} what's your target Vad

01[11:29] {Threei}  considering the swamp we are in, want it to work at all :)

01[11:29] {Threei}  but 1:3 seems realistic

[11:29] {nemo} .70 area

[11:29] {nemo} now you got tight stop

[11:32] {dino} stop cymi .82 -.18

[11:32] {nemo} I'd short nflx

[11:32] {nemo} they're dead

[11:33] {nemo} support at 0

[11:33] {nemo} should bounce at .70 though, if not...wow

[11:37] {dino} gra sm s .96

[11:38] {nemo} small tna long .00 break if spy continues

[11:38] {nemo} 1/4 .12

[11:39] {nemo} oh 1/2

[11:40] {nemo} stop is flat

[11:42] {nemo} out

[11:42] {nemo} tad premature

01[11:49] {Threei}  LVS turned 1 cent shy of 1:1

[11:49] {dino} gra stop -.17

01[11:49] {Threei}  let's trail stop to .44

[11:55] {ese} L altr avg .10

[11:56] {dino} chrw sm l .01

[11:59] {nemo} what a sad ending: http://fwd4.me/16X1

01[12:01] {Threei}  I am going to have to disagree

[12:01] {RonS} you are one sick pup...

[12:01] {RonS} :)

01[12:02] {Threei}  1:1

[12:03] {dino} qcor drop

[12:03] {RonS} twitter comment:  Man dies after being forced into marathon sex session with his six wives. Yes, "sex session" not "nag session."

01[12:03] {Threei}  45 min to move 10 cents

01[12:04] {Threei}  but whatever... repairing the day, one trade at a time

[12:05] {scottie} New stop .49 ?

[12:07] {nemo} why sick?

01[12:07] {Threei}  yes scottie

[12:12] {ese} I don't get it?

[12:15] {dino} qcor news/

[12:15] {dino} ?

[12:15] {nemo} associated with aapl

01[12:16] {Threei}  decent report yesterday

[12:16] {nemo} nevermind

[12:16] {nemo} duh

01[12:18] {Threei}  no more news that I see

01[12:19] {Threei}  F CFO: Will continue to deal with unions on efforts to restructure operations; must reach a 'leaner' structure

01[12:19] {Threei}  good luck

01[12:20] {Threei}  if GM taught unions anything, it's that if you kill the company, you get to own it after bailout

[12:21] {dino} qcor sm l .50

[12:21] {dino} wtf

[12:22] {nemo} you get it?

[12:22] {dino} yes

[12:22] {nemo} the low here is .61

[12:22] {nemo} wow

[12:23] {dino} got it and it dropped to .15 in blink, then popped to .80

[12:23] {nemo} my low for the day registers as .61

[12:23] {dino} out qcor .05, +.55

[12:23] {nemo} wonder if a dark pool hit you

01[12:23] {Threei}  he means 38.50 nemo

01[12:24] {Threei}  you see dark pools everywhere

[12:24] {dino} 38.50 yes

[12:24] {nemo} oh

[12:24] {dino} and i see dead people

01[12:24] {Threei}  and I - dead pixels

[12:24] {dino} lol

01[12:24] {Threei}  oh, and second Atlas Shrugged movie this fall

[12:25] {dino} i haven't seen the first yet. have to rent it

[12:29] {dino} out chrw .30, +.29

06[12:38] * Threei kicks LVS in the rear

06[12:40] * Threei kicks LVS in the rear with heavy duty steel toe army boots

[12:42] {dino} gra rinsed

[12:44] {thomcbell} amazing the volume in lvs in this tight range

06[12:50] * Threei pokes LVS in the ribcage with electrocharged sharp stick

01[12:55] {Threei}  like poking an ameoba

[12:59] {dolores} NFLX crushed today

[12:59] {nemo} support is at 0

[13:02] {nemo} UA worth a long here

01[13:11] {Threei}  1:2

01[13:11] {Threei}  1/4 more

01[13:11] {Threei}  can't believe how long it takes

[13:11] {scottie} out .70 +.19 ty Vad

01[13:11] {Threei}  :)

[13:12] {nemo} mmmhh ua triggered...should go to  54.60 or so

[13:13] {nemo} we're back over 134 on spy

[13:17] {nemo} ahhh, nflx looks shortable again

[13:25] {nemo} guess everything in melt up mode now

[13:29] {scottie} tna double top?

[13:30] {nemo} debateable

[13:30] {scottie} ok

[13:35] {nemo} see

[13:35] {scottie} I see, thanks

[13:36] {nemo} this time of day is treacherous especially dirung the summer

[13:36] {scottie} Why didn't you consider it as a double top, what was missing

[13:36] {nemo} well, I look at bigger time frames and a coupla other tools

01[13:37] {Threei}  choking last part LVS, stop to .74

[13:37] {nemo} 1) we touched the pivot, but spy was above the pivot and the weekly S1

[13:37] {nemo} so there was a lot of support under it

[13:37] {nemo} 2) we'd retraced so much of the day, I figure they want to test the highs

[13:37] {nemo} 3) I figured yesterday was the low for the week

[13:38] {nemo} I said that yesterday, but I forgot why

[13:38] {scottie} old age?

01[13:38] {Threei}  1:3

01[13:38] {Threei}  over and out

[13:38] {nemo} On top of that, a friend of mine lets me run his algo...and everything on the algo was green and there was no red

01[13:39] {Threei}  this trade took me in blkack, not much but still

[13:39] {nemo} add to that CAT was still strong, GS and IBM trading at the top of their ranges....strong like bull

01[13:39] {Threei}  old age by itself is not nemo's problem scottie... that he considers vodka a legitimate alzheimer drug is

[13:40] {nemo} mmmmhhhh

[13:40] {scottie} looks like I still have a lot to learn

[13:41] {nemo} spy just about touched it's highs, now we see if the russell wants to go for the 200 sma

[13:42] {nemo} now the spy push since 1 is weaker than the iwm push

[13:48] {nemo} wow cat

[13:49] {nemo} short cat .68

[13:49] {nemo} stop .81

[13:50] {nemo} mhhhhh

[13:50] {nemo} damn not offering down

[13:51] {nemo} 1/2 .55

01[13:51] {Threei}  be back in 20

[13:52] {nemo} well, the vwap trade working so far

[13:54] {nemo} this is shaping up as an add below .50 if this resistance holds

[13:55] {nemo} or a stop, as the case may be

[13:57] {RonS} lol...qcor beat...

[13:57] {nemo} I'm reshorting the other half here

[13:58] {nemo} everything out above .80

[13:59] {nemo} ow

[13:59] {nemo} that hrt

[13:59] {RonS} jcp spike

[14:04] {dptl} ga

[14:05] {Will49} which way?

[14:06] {nemo} wrong question to ask dp

[14:06] {dptl} it means good afternoon lol

[14:06] {Will49} serves me right for asking

[14:07] {nemo} mmmhhhh...thought you were reliving your oral fixation period

[14:07] {Will49} ?

[14:07] {RonS} lol nemo

[14:07] {RonS} last try chrw .10 L

[14:08] {nemo} ahhh, now I remember why I thought yesterday was the low...I didn't think they'd let the spy stay below the 50 SMA without a serious fight

[14:08] {nemo} damn, one entry early on cat

[14:12] {nemo} looks like we might go higher

01[14:13] {Threei}  back

[14:13] {nemo} if we don't drop .87 in iwm and .24 or so in spy, we go up

[14:15] {ese} am not.......i'm lurking

[14:16] {nemo} like qcor here

[14:16] {nemo} long

[14:16] {nemo} above .50

[14:17] {nemo} target 38.75

[14:18] {nemo} stop is now under .50

[14:18] {nemo} partialing above .00

[14:19] {nemo} partialed .09

[14:19] {nemo} Vad, where stop?

[14:19] {nemo} (There castle)

[14:19] {nemo} probably under .75

[14:20] {RonS} out chrw .55 +.45

[14:21] {nemo} think tna a

[14:21] {nemo} right

[14:21] {nemo} above .50

[14:21] {nemo} stop is .75 in qcor, should probably keep it .50, but might as well be consistently stupid

[14:22] {nemo} Cmon QCORECHEV, break down that wall

[14:22] {nemo} !!!

[14:23] {nemo} too much coffee

[14:23] {ese} lol

[14:23] {nemo} stop under 38

[14:25] {nemo} we break .50 spy 135 next target

[14:25] {nemo} Yo Rinny, QCOR is a friendly pup!

[14:25] {nemo} stop to .10

[14:25] {nemo} you recognize that ese?

[14:26] {nemo} yeah, baby, partial again .50

01[14:26] {Threei}  to .25 now

[14:26] {nemo} 1/4 more

[14:26] {nemo} to go

[14:26] {RonS} yo Stempy, you are sounding awfully Lesish...

01[14:26] {Threei}  beautiful trade

01[14:26] {Threei}  rofl!

[14:26] {RonS} nie job nemo

01[14:26] {Threei}  get out nemo

[14:26] {RonS} nice

[14:26] {nemo} out

01[14:26] {Threei}  wtg

[14:26] {nemo} wow, took my offer

[14:27] {ese} rin tin tin

01[14:27] {Threei}  let it be

[14:27] {nemo} Cheech and Chong

01[14:27] {Threei}  too sharp

[14:27] {ese} huh

[14:27] {nemo} Yo Rinny, she's a friendl pup

[14:27] {nemo} Fi Fi

[14:27] {ese} then don't recognize it

[14:27] {nemo} oh jeez

[14:28] {nemo} that was a fib trade

[14:28] {nemo} i looked at QCor and had drawn Fibs from the high on the 9th to the bottom on the 13th

[14:29] {nemo} it touched the extension of that too the penny

[14:29] {nemo} I happened to look at it just under .50 and you had that low test at 1:55 or so, I thought if it breaks that it'll go

[14:30] {nemo} then I drew a fib from today's high to today's low, and came up with 38.90 which coincided with thaqt swing high at 13:45

[14:30] {nemo} that was my firt target, although vwap is a fib retracement at 40.25, so likely goes there

01[14:30] {Threei}  insert between those lines: "then I drew from the bottle..."

[14:31] {RonS} don't look qcor

[14:31] {nemo} going to just under 40.25

01[14:31] {Threei}  he would have been taken out on pullback under .50 anyway, ron

01[14:31] {Threei}  that was good exit

[14:32] {nemo} the other thing I was thinking...scary I know

[14:32] {nemo} CAT had a good report like QCOR, it tanked and then recovered mightily, why wouldn't QCOR do the same

[14:32] {nemo} Oh what a tangled web we weave

[14:34] {RonS} jcp really putting it to the shorts

[14:34] {dolores} wow nemo qcor !!

[14:35] {nemo} any news, jcp

[14:35] {dolores} left 1.50 on NFLX so crying together

01[14:35] {Threei}  no

[14:36] {nemo} we got C&H on spy and IWM 15 minute

01[14:36] {Threei}  OK, I'll join your crying: how much did I leave on the table woth LVS?

01[14:36] {Threei}  35 cents so far, andf that's after taking 30

[14:37] {nemo} wanna go long tna here, but the stop

01[14:37] {Threei}  this is what helped QCOR:

01[14:37] {Threei}  QCOR Ticks higher on chatter that a cautious Access Securities analyst presentation that was said to be scheduled for tomorrow may have been cancelled

[14:38] {dolores} WLP anjy trade?

[14:38] {nemo} oh, and I thought it was perfectly technical bounce

01[14:38] {Threei}  it was

01[14:38] {Threei}  this accounts for last spike

01[14:38] {Threei}  after your exit

[14:38] {nemo} ahhhh

01[14:38] {Threei}  which was technically perfect as well

01[14:38] {Threei}  WLP... nah

01[14:39] {Threei}  formally, break of .50 is long

01[14:39] {Threei}  but it's about to lose .40

01[14:39] {Threei}  and it remains so weak while market rallies

[14:42] {nemo} l upro .21

[14:42] {nemo} stop under .05

[14:43] {nemo} sheesh

01[14:47] {Threei} Long Setup:  FAS  .50 break hl

01[14:47] {Threei}  If holds  .40 

01[14:48] {Threei}  .35 is better stop but I really don't want to give it much room

01[14:48] {Threei}  target 1:3

01[14:52] {Threei}  stop to .45

01[14:52] {Threei}  even if you haven't partialed, trail

01[14:54] {Threei}  out

[14:55] {scottie} Out .60 +10 thanks Vad

01[14:55] {Threei}  proven to be the best way to handle it

01[14:55] {Threei}  wash for me

[14:56] {nemo} look at qcor now, and I was tempted to short ut under those doji's

[14:57] {dolores} did not get filled 41.65

[14:57] {dolores}  and did not want to chase it Nemo

[14:57] {nemo} yeah, but those doji's were the indecision points

[15:00] {nemo} short cat .89

[15:00] {nemo} small stop above .00

01[15:00] {Threei}  (US) House of Reps votes to review Fed's policy decisions

[15:01] {nemo} of course, it stops trading

[15:02] {nemo} curb stomp this mofo sheesh

[15:03] {nemo} futures selling

[15:04] {nemo} tightening stop above that dojie 4 minutes ago

[15:04] {nemo} partial .77

[15:05] {nemo} stop above .90

[15:08] {nemo} shrot qcor below .00

[15:09] {nemo} stop is  .15

[15:10] {nemo} partialing at .85

[15:10] {nemo} I hope

[15:11] {nemo} o.k. I took  .79

[15:11] {nemo} stop is above the whole

[15:11] {nemo} die jedi scum!

[15:14] {Will49} does this thing have a ripchord?

[15:14] {nemo} stop is above .85

[15:15] {nemo} whao out qcor

[15:15] {nemo} flat

[15:15] {nemo} that likely means it goes lower, throw a brick through the offers, see if it sticks, if it doesn't, take it lower

[15:16] {nemo} look at the bid and offers now

[15:16] {nemo} holy doo doo

01[15:17] {Threei}  (US) Societe General analyst suggests the US economy is in recession (timing uncertain)- Believes data over the next few months will ultimately bear out that the US has re-entered recession

[15:17] {Will49} duh

[15:17] {nemo} partialed .63 1/4 left

[15:18] {nemo} stop above .70

[15:19] {dino} gotta hop. thx all for ideas

[15:19] {nemo} stop .60

01[15:19] {Threei}  take care dino

[15:20] {jackharry} covered at .52 on CAT, thanks nemo

[15:20] {nemo} you're welcome john harold

[15:20] {nemo} I'

[15:20] {nemo} I'm still in

[15:21] {nemo} only had a few transactions above .60

[15:23] {nemo} oout .48

[15:23] {nemo} not feeling good about those tails

[15:24] {nemo} tna thinking above .91

[15:24] {ese} rats.....hit my stop at .80 altr

[15:25] {jackharry} OOPS! North Korean womens football team are refusing to play after the South Korean flag was flown by mistake! lol!

[15:25] {jackharry} in olympics

01[15:25] {Threei}  lol

[15:26] {nemo} got greedy

[15:26] {jackharry} and there was me thinking it was only us here in Northern Ireland who got all upset over flags and such things

[15:27] {thomcbell} look at the 10 minute chart on lvs - comedy 

[15:28] {Will49} geometrically pretty

01[15:28] {Threei}  http://goo.gl/VltTz

01[15:28] {Threei}  lol

01[15:28] {Threei}  really

[15:30] {scottie} Think I.ll post it on my screen

01[15:31] {Threei}  LVS chart?

01[15:31] {Threei}  with comment "sic transit gloria mundi"?

[15:32] {scottie} your comments on good processes

01[15:32] {Threei}  oh... well, he merely repeats what I said many times before {G}

01[15:32] {Threei}  remember my breakdown of good trades vs bad?

[15:35] {RonS} ...the horror...Iran nuclear plants hit by virus playing music by AC/DC

[15:38] {RonS} ...they have been getting hacked more often than a freddie krueger victim

[15:38] {nemo} you have to appreciate the sense of humor

[15:39] {nemo} especially for their Revolutionary Guard

[15:40] {RonS} how would you like to be in their navy...going against the US Navy...sheesh

[15:40] {nemo} I'd be hoping what they told me about the 70 virgins is true

[15:41] {nemo} I was in S.F. once and saw one of those carriers steaming through the bay, water ski boats couldn't keep up with it

[15:41] {nemo} Remember when I worked for the Navy, the top end speed was classified, acknowledged was 45 knots

[15:41] {nemo} that's alot of newtons moving through the water

[15:42] {RonS} ya, was at the commisiong for the USS Stout and they said at the final sea trial they ran the ship at 60 mph equiv for 12 hrs forward, then 12 hrs reverse

[15:43] {RonS} DDG 55 aegis destroyer

[15:43] {RonS} named after my dad's cousin

[15:43] {nemo} his name was Aegis?

[15:44] {RonS} aegis harley burke class

[15:45] {nemo} I know, I was channeling Les

[15:45] {nemo} so, your great cousin was named after an ale?

[15:47] {RonS} those destoyers have two 400000 horse power GE turbine engines

[15:47] {dolores} ok guys see you tomorrow

[15:47] {dolores} thanks VAD

01[15:48] {Threei}  take care dolores

[15:48] {nemo} gnite dolores

01[15:51] {Threei}  OK guys, thank you all

01[15:51] {Threei}  have a great evening, see you tomorrow

[15:52] {dptl} gn 

[15:52] {scottie} Thanks Vad, good night all