Nemo's Findings week of 2/10/2013

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

WOW!  Amazing I have had time to do this entry considering the time and effort it has taken to wreak havoc in the Northeast....;-)  

Economically, not much has changed.  All the indexes continue their steady ascent.  Bad news is bought,  good news bought more. "BTFD!"  is in full force.  Notice how the majority of stocks that sell off on earnings news and guidance react?  The vast majority of them are bought off their morning sell-off. That's strength.  The only clouds readily visible on the horizon is the "Sequester" and perhaps the nascent ascent of gasoline, traditional for this time of year.  Gasoline is at it's highest price ever for this time of year.  How high does it have to go to start dampening the market?  Anyway, the week that was:

 Btw...the "pink" lines and boxes are daily ranges I put in the previous night that demarcate levels for the day I think may be important.  They incorporate the daily Pivot levels that do not appear on  Freestockcharts until the next day.  Also, the data I use in my pivot tables sometimes varies slightly from that of FSC, so it creates a fuzzy range.  Also, as someone noted, and I paraphrase.

 You can have a line every 10 cents, so every price is a level.

 Of course, there is some truth to the statement, depending on the time-frame.  For instance, on a daily basis, the shorter term pivot levels, especially the dailies are much more relevant.  But, if you were to look at the SPY for instance and were tracking my weekly entries, among all the other lines, you would notice that the Semesterly R1 became relevant on January 23rd, and has been relevant ever since.  Arguably the the same level on the IWM has also become relevant.  The point of the analysis is to notice what becomes relevant.  Should the market retrace, the interaction of future, shorter term levels with the Semesterly R1, may indicate additional strength or weakness probabilities for the level, which then gives you a higher probability decision point. Of course someone could say, "Why don't you just draw a line at the level?"  Well, in a sense you do.  When there is price support/resistance at a level, we manually draw a line demarcating it as such.  When it coincides with a longer term pivot level, it becomes, drum roll please...........confluence, which means you now have pivot traders, and price level traders, looking at it.  When you have multiple time frames, price levels and perhaps fib. levels all coinciding in a tight range, then you have multiple types of traders all seeing that level as important.  Heisenberg strikes again.

 On that note, the week that is:

 

Market Week Wrap-up

European Issues Return to Center Stage, but Risk-on Blizzard Continues


- Giddy global equity markets continued to push out to fresh post-crisis highs this week. There were some hiccups of risk aversion thanks to an unfolding political scandal in Spain and Berlusconi's gains in the polls ahead of the Italian elections on February 24th. In addition, perceptions that ECB's Draghi was excessively dovish in his post-ECB rate decision press conference provided some turbulence in EUR/USD that spilled over into equity markets on Thursday. However the issues provided no more than passing blocks to ever stronger rotation into risk assets. On Friday, markets pushed higher thanks to better Chinese and US trade data. China January trade data showed a much greater than expected pickup in exports, while the December trade deficit narrowed much more than expected, plunging by over $10B to a three-year low of $38.5B. Friday also saw a breakthrough in EU budget talks, with leaders agreeing to a tentative 7-year spending plan coming in under €1T but still promoting some growth initiatives. Ominous rumblings of geopolitical trouble were in the background: Japan accused China of more serious provocations over disputed island territories, North Korea was observed preparing for nuclear tests and Iran called off fresh negotiations over its nuclear program only a day after agreeing to them. For the week, the DJIA rose 0.1% and the S&P 500 gained 0.3%, while the Nasdaq added 0.5%, coming within points of a fresh 12-year high.

- State and federal regulators announced their intention to prosecute ratings agency Standard & Poors for its part in the excesses in the housing bubble that lead to the 2008 financial crisis. On Tuesday, the DoJ said it would file civil charges in cooperation with 16 states against S&P after ongoing settlement negotiations with the company fell apart. In a separate effort, reports suggested the New York State has subpoenaed S&P and formally requested information from Moody's and Fitch to examine ratings they issued in the run-up to the crisis. Unlike the existing federal/state probes, the NY AG can sue under the state's Martin Act, which does not require prosecutors to prove a firm intended to defraud investors to win a case.

- Notable European earnings this week included BP and UBS. BP's Q4 profit fell nearly 80%, dragged down by payouts related to the Macondo oil spill. The company booked a $3.8B loss for its settlement of criminal charges. UBS posted a $2.1B loss for Q4 in the wake of lawsuits, the LIBOR scandal and a wave of restructuring.

- New and old media names offered contrasting quarterly reports. Disney's earnings fell 6% y/y as ESPN absorbed higher programming costs and the performance of its movie studio sagged. AOL beat top and bottom line targets on solid growth. Analysts cite the 13% gain in advertising revenue as a major positive result, although the bulk of the firm's profits are still coming from membership revenue.

- Fast food stocks were burned by developments in Asia. Yum Brands' Q4 numbers were solid, but the firm warned its outlook has turned very sour on adverse publicity from contaminated poultry supplies in its China business. In the current Q1, Yum expects China KFC sales comps -25% y/y. McDonald's January sales comps were negative, as the company had warned with earnings two weeks ago. The company's terrible -9.5% comp in Asia was due in part to the timing of Chinese New Year and the impact of the tainted fast food chicken scandal there.

- On the M&A front, Michael Dell and Silver Lake Partners formally outlined their $24B going-private deal for Dell Computer, worth $13.65/share. Some large shareholders immediately objected to the slim premium on the deal. Oracle clinched a deal to acquire Acme Packet for $29.25/share in cash, in a deal valued at $1.7B. Oracle emphasized that the firm's network management solutions would help the company transition to all-IP data delivery.

- After peaking above 1.3700 late last week, EUR/USD turned around and gapped lower this week. Over the weekend, damning details from the unfolding Spanish political scandal circulated in the press, implicating PM Rajoy and other leading government officials in a slush fund scheme. Meanwhile Italian polls showed former PM Berlusconi's gaining on the various left-wing parties ahead of elections coming up in two weeks. Berlusconi made waves after promising to roll back and rebate certain taxes implemented by Monti's government. Peripheral bond yields widened out, with the Spain 10-year yield moving above 5.4% and Italian 10-year yields topped 4.5%, both back at highs last seen in early December. EUR/USD closed out the week just above 1.3350.

- The biggest leg down in EUR/USD arrived over the course of the ECB post rate decision press conference. Rates were on hold, as expected, and President Draghi began his remarks by reiterating his usual comments, including that the bank still sees downside risks for the economy. He also said the ECB would maintain a full allotment of MROs. Draghi acknowledge the stronger euro, but said it was still unclear whether the appreciation would be sustained. The dovish tone was taken as a reason to sell.

- The weak yen trend continued apace through midweek, with USD/JPY testing the 94 handle for fresh 33-month lows. USD/JPY has weakened over 7.5% in 2013 so far, and EUR/JPY found its way above 127 this week. Finance Minister Aso commented that ending the yen's long uptrend remained a top priority for the government, suggesting the currency's recent weakening had not satisfied the nation's leadership. BoJ Governor Shirakawa said he would step down three weeks earlier than expected to coincide with departure of two deputy members, a move which would most likely move forward an anticipated shift to more aggressive monetary easing by Abe's yet to be named choice to helm the BOJ. The yen strengthened slightly after Aso was cited as saying the currency had weakened too quickly, however the ministry later clarified that Aso's remarks had been mistranslated.

- UK markets were volatile as BoE Governor-Designate Carney addressed Parliament for the first time. Carney's tone was more hawkish compared to his remarks at Davos two weeks ago. GBP/USD surged 100 pips after Carney said the BoE must exit its unconventional policy. Gilt yields moved higher and tested 2.14%. The BoE issued a rare statement following its rate decision noting that inflation would exceed 2% for the next two years and the MPC stood ready to provide further stimulus if warranted.

TradeTheNews

Nemo Special

Some inside jokes never cease to be funny. For the room members and those who follow our trading logs, these two below require no explanation.

Feb 08 2013

Second week ended with no losing days. To finish the week, let me offer you this pure beauty of a trade: aggressive entry into inverted Cup and Handle. 1:3, nice and easy. Be it RIMM or BBRY, be it short or long, always good for a trade.

Session Time: Fri Feb 08 00:00:00 2013
[09:03] {dino} gm
01[09:03] {Threei}  dino :)
[09:05] {nemo} Vad, u here?
01[09:05] {Threei}  let me check...
01[09:05] {Threei}  yeah, I think so
01[09:06] {Threei}  why?
[09:06] {nemo} just sayin...I'll likely be off and about getting battened down for the storm...btw...you see they named it "Nemo"?
01[09:06] {Threei}  really?
01[09:07] {Threei}  must be really bad one then...
[09:07] {nemo} yeah, they're naming storms now, not just hurricanes, it's worse than naming arenas for the naming rights money
01[09:07] {Threei}  lol
01[09:07] {Threei}  but wait
[09:07] {nemo} Actually they're using terms like "historic."
01[09:07] {Threei}  did they offer anything to you for this?
[09:07] {nemo} Let me tell ya' I lived through historic here in '78
[09:07] {nemo} More than 3 feet then
[09:08] {nemo} Of course not...so I put them on THE LIST
01[09:08] {Threei}  right
01[09:08] {Threei}  in ink
[09:08] {nemo} ETCHED IN STONE!
01[09:08] {Threei}  hehe
[09:08] {nemo} Class III machine gun license coming up...
01[09:08] {Threei}  I lived through Winnipeg's "blizzard of the century" of 1997
01[09:09] {Threei}  very impressive
[09:09] {dino} nemo, looks like i may get lucky, forecasts 8"to12" for NE PA
01[09:09] {Threei}  took a week for the city to start fully functioning agasin, and it's the most prepared city in the world
[09:10] {dino} "storm of the century" good book
01[09:10] {Threei}  one whwere blizzards paralyzing other coties for days are so routine, no one mentions them
[09:11] {nemo} When I lived in SC, they had an inch of snow and sub freezing temperatures for a week.  Shut the city down for a week...sheesh
[09:11] {dino} lol
01[09:11] {Threei}  same in Victoria
01[09:12] {Threei}  inch of snow stops the city
[09:13] {jdetente} gm
01[09:14] {Threei}  jd :)
01[09:16] {Threei}  then again, it's mostly a government city, so qwhen it stops most never notice
[09:17] {Will49} Good morning guys!
01[09:17] {Threei}  will :)
01[09:18] {Threei}  will, have you heard? they named this storm that threatens east coast... wait for it...
01[09:18] {Threei}  wait for it...
01[09:18] {Threei}  drum roll...
01[09:18] {Threei}  NEMO!
[09:18] {Will49} no kidding
[09:19] {ese} gm
[09:19] {nemo} And it's gonna' hit hardest right in my area
01[09:19] {Threei}  ese :)
[09:20] {Will49} nemo finally getting recognition he deserves
[09:20] {ese} out bbry yesterday .79 +.73
[09:20] {nemo} http://www.boston.com/news/weather/weather_wisdom/Blizzard%20warning%20south.png
[09:20] {Will49} congrats ese
[09:21] {ese} ya worked out great ....2600shs
01[09:21] {Threei}  wtg
[09:21] {ese} it still shot up this morning almost another .50
[09:22] {nemo} O.K. nevermind the market, it's all about me this morning
[09:22] {cipher} gm
[09:22] {ese} yikes nemo
01[09:22] {Threei}  cipher :)
[09:28] {dptl} gm
[09:29] {ese} ddddddddddppppppppppp!!!!!!!!!!!!1
[09:29] {dptl} :)
01[09:29] {Threei}  dp :)
[09:31] {nemo} whoa...snow started a bit harder than I expected c ya
01[09:32] {Threei} Long Setup:  BBRY  .15 break
01[09:32] {Threei}  If holds  .05
01[09:32] {Threei}  Invalidated
[09:32] {cipher} BIDU L .87
[09:32] {cipher} out .13
01[09:33] {Threei} Long Setup:  FB  .10 break
01[09:33] {Threei}  If holds  29
[09:33] {nemo} btw...given the storm, and it's Friday, and the daily pivot and weekly pivot on spy are bot 150.72, likely not to move too far from there
01[09:34] {Threei} Long Setup:  BBRY  .90 break
01[09:35] {Threei}  BBRY 1:1
01[09:35] {Threei}  trail FB to .04
[09:36] {cipher} fslr l .44
01[09:36] {Threei}  out
01[09:37] {Threei} Short Setup: FB  29 break
01[09:38] {Threei}  1:1
[09:38] {cipher} out fslr .60 +.16
01[09:39] {Threei} Long Setup:  LVS  .55 break hl
01[09:40] {Threei}  If holds  .45
01[09:41] {Threei}  no go
[09:43] {ese} am eyeing AKAM dino
[09:43] {cipher} out sfly .83 +.24
01[09:46] {Threei} Short Setup: CAT  .80 break
01[09:46] {Threei}  hl
01[09:46] {Threei}  1:1 in a real hurry
01[09:47] {Threei}  anyone caught it?
[09:47] {jdetente} nope
[09:47] {Will49} no
01[09:47] {Threei}  thought so... 1:2 :(
[09:53] {cipher} chrw l .25
01[09:53] {Threei} Short Setup: LVS  .50 break hl
01[09:53] {Threei}  If holds  .60
01[09:54] {Threei}  wow
01[09:54] {Threei}  what got into CAT
[09:56] {Will49} nip
01[09:58] {Threei}  lol
01[09:58] {Threei}  1:1
[09:59] {cipher} CSTR L.88
01[09:59] {Threei}  1:2
01[09:59] {Threei}  ok guys, make sure you are sitting down for this
01[10:00] {Threei}  http://goo.gl/AdIqN
[10:00] {dptl} TWX .45 long?
[10:00] {dino} cvlt spike
[10:00] {dino} guid hl l .50
[10:00] {Will49} LOL
[10:00] {dino} cvlt sm s .35
[10:00] {jdetente} lol
01[10:00] {Threei}  not sure TWX
[10:01] {Will49} not you dino -nemo
01[10:01] {Threei}  nemo, are you breathing there?
[10:02] {Will49} tks Vad out lvs 1:2
01[10:02] {Threei}  :)
[10:02] {jdetente} super trade Vad
[10:02] {ese} L mchp 3/4 .50
[10:05] {ese} stop .45 8ma
[10:05] {ese} stop .50
01[10:05] {Threei} Short Setup: BBRY  17 break
01[10:05] {Threei}  If holds  .10
01[10:05] {Threei}  aggressive for .90 break, inverted C&H
01[10:06] {Threei}  target 1:3
[10:09] {dino} cov cvlt .83, +.52
[10:09] {cipher} out chrw .50 +.23
[10:09] {ese} out mchp .74 +.24
01[10:10] {Threei}  1:1
01[10:12] {Threei}  1:2
[10:13] {cipher} VECO L .67
01[10:15] {Threei}  1:3, over and out
[10:15] {Will49} excellent tks Vad
[10:15] {jdetente} beautiful
01[10:16] {Threei}  where is scottie... :(
[10:16] {Will49} snowed in no doubt
01[10:17] {Threei}  now guys, before we move any further,
[10:17] {Will49} this will make catch of the day
01[10:17] {Threei}  let's take a pause for a min and return to yesterday's discusssion
01[10:17] {Threei}  it will :)
[10:17] {cipher} WPRT L .39
01[10:17] {Threei}  after close I thouight to write a blog post on preserving profits
01[10:17] {Threei}  then realized, wait a minute
01[10:17] {Threei}  I did write it already
01[10:18] {Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[10:18] {jdetente} that was excellent advice Vad. Shared it with some friends.
01[10:18] {Threei}  while I prepare catch of the day, read it pls
01[10:18] {Threei}  cool jd... why aren't they here yet?? :)
[10:18] {jdetente} I'm working on that ;)
[10:19] {cipher} out VECO .88 +.21
[10:19] {cipher} out ntgr .17 +.13
[10:21] {dino} gj
[10:21] {cipher} TY
[10:23] {dino} pxd sm s .00
[10:24] {dptl} EL short?
[10:25] {dptl} COV .20 long?
[10:25] {cipher} AEGR l .16
[10:26] {ese} kkkkkkkkaaaaaaaaarrrrrrraaaapppppp!!!!!!!  following akam all morning.........and look away for 2 no good for nuttin stinking crawlin lower than a snakes beely in a wagon rut MINUTES!!!!!!
[10:27] {Will49} how descriptive
[10:27] {Will49} spoken like a true musician
[10:27] {ese} tks...........gets better the more pee off iget at myself
[10:27] {ese} actually
[10:27] {dino} hos spike
[10:28] {ese} just using stuff nemo's already called me
01[10:28] {Threei}  http://goo.gl/FmTH9
[10:29] {ese} nice trade chief.........thats way your the team leader
[10:29] {ese} why
01[10:30] {Threei}  ty
01[10:30] {Threei}  dp... before we go on with your machine0gun rate of trade a min, have you read that article?
[10:30] {dino} cov pxd .60, +.40
[10:30] {cipher} onxx l.63
[10:31] {dptl} i did read it many times :)
[10:31] {cipher} VSAT L .64
01[10:31] {Threei}  so, parcticcal implication is in order
01[10:31] {Threei}  decided on today's numbers?
[10:32] {dptl} well i just did one trade so far
01[10:32] {Threei}  huh?
[10:32] {dptl} yeah
[10:33] {cipher} ou onxx .82 +.19
01[10:33] {Threei}  cool... you do twice as many as I do in the afternoon and 1/6 in the morning
01[10:33] {Threei}  that's the way {G}
[10:33] {ese} L akam .10
[10:33] {dino} chuy spike, gappy
[10:34] {Will49} Vad, how do you handle this situation: down big in first hour, claw your way back to small profit. Do you keep going?
01[10:35] {Threei}  depends
01[10:35] {Threei}  if market is very active, yes,
[10:35] {cipher} trlg l .00
01[10:35] {Threei}  but I take care not to find myself deep in the hole again
[10:35] {dptl} just decided to be less active today
[10:36] {Will49} tks
01[10:36] {Threei}  greast, so you vut your activity in the morning when the best trades occur, then asked me about 2 new ones within 1 minute?
01[10:36] {Threei}  vut = cut
[10:36] {ese} L rvbd .25
01[10:36] {Threei}  see anything wrong with that picture?
[10:37] {dptl} i usually don't do first 30 min.....i just cant
[10:37] {ese} no I'm up .08 already
01[10:37] {Threei}  ok, BBRY was on 25th minute
01[10:37] {Threei}  35th
[10:38] {cipher} out VSAT .07 +.43
[10:38] {dptl} ye that one i simply missed for other reason
01[10:38] {Threei}  yeah, a cigarette {G}
[10:38] {dptl} lol....no
01[10:39] {Threei}  will, to cite an example... say, -300 in the hole, clawed your way back in to +50,
01[10:39] {Threei}  put your stop at -100,
[10:39] {ese} out rvbd .32 +.07
01[10:39] {Threei}  trail it if make more.
[10:40] {Will49} good stuff ad
[10:40] {Will49} Vad
[10:41] {ese} my daughter use to call the telephone the telno...........so ad ....is good.....short form gets the point accross
[10:43] {Will49} my laser charts not working...just me?
[10:43] {dptl} fine here
01[10:43] {Threei}  OK here
[10:43] {dptl} change server
[10:45] {ese} just looking at that bbry chart vad........absolute classic reverse 1min cup and handle
[10:45] {ese} well done
[10:46] {Will49} went thru all chart servers..still dead
[10:47] {ese} L rvbd .21
[10:47] {thomcbell} FB looks vulnerable
[10:47] {dptl} try to restart it now
[10:47] {cipher} pxd l .24
01[10:47] {Threei}  vhange quote server
01[10:47] {Threei}  ty ese
[10:49] {Will49} do you have to restart after changing server?
[10:49] {dptl} no
[10:50] {thomcbell} FB bounce changes short term picture
[10:50] {dptl} but if still nothing sometimes hallps
[10:50] {dptl} hellps
[10:50] {cipher} intu l .19
[10:50] {dptl} helps
[10:50] {dptl} geez
[10:51] {cipher} klac l .47
01[10:51] {Threei}  great, now my charts went down too :)
[10:52] {cipher} out pxd .47 +.22
[10:52] {ese} ack ackka dak....dak ackka ack...........I command rvbd and akam to rise...........rise I say
[10:52] {dptl} yep mine too
[10:52] {dino} nsp drop
[10:52] {dptl} server 3 works
01[10:53] {Threei}  yup, ty
[10:53] {Will49} reset worked
[10:55] {cipher} nsp l .15
[10:59] {dino} nsp sm l .00 jumpy
[11:01] {dptl} LEN .57 short?
01[11:02] {Threei}  yeah
[11:03] {ese} anyone else L rvbd
[11:04] {ese} never mind......wanted to get an opion on whether you would think it's gonna break up or not.........that question has been answered
[11:05] {cipher} cstr l .92
[11:05] {dptl} not available for short LEN
01[11:08] {Threei}  Monster Blizzard Nemo Headed For U.S. Northeast
01[11:08] {Threei}  between this and that picture, we have material to have fun with for weeks if not months
[11:09] {cipher} out cstr .04 +.12
[11:10] {nemo} Hey!
01[11:10] {Threei}  yes?
[11:10] {Will49} why aren't you out shovelling?
[11:10] {nemo} it's just starting will
01[11:11] {Threei}  tell me you saw that photo, nemo
[11:11] {ese} out rvbd .50 +.29
[11:11] {nemo} no...
01[11:12] {Threei}  09:59] {Threei} ok guys, make sure you are sitting down for this
01[11:12] {Threei}  [10:00] {Threei} http://goo.gl/AdIqN
[11:12] {dino} chuy sm s .00 ave
[11:12] {nemo} never thought of myself as a fish anyway
[11:12] {dptl} lol
01[11:13] {Threei}  who cares... it's funny as hell
01[11:13] {Threei}  notice, this is the same cat that I already used as illustration to your charms
[11:13] {Will49} from now on, that;s the face i see when i think of nemo
01[11:13] {Threei}  he was saying "Good Morning? No such thing" or something to that effect
[11:13] {nemo} fata morgana
01[11:14] {Threei}  he is known on internet as "grumpy cat"
[11:14] {nemo} yeah, but he doesn't have an arsenal
01[11:15] {Threei}  found it
01[11:15] {Threei}  where do I upload it...
01[11:18] {Threei}  http://tradinglog.realitytrader.com/2013/02/nemo-special.html
[11:19] {nemo} Just saw a good quote:  My ex had one really annoying habit....breathing
[11:19] {Will49} :)
01[11:19] {Threei}  lol
[11:20] {cipher} veco l .20
[11:26] {cipher} ctrx l .90
[11:30] {ese} L akam avg .08
[11:31] {dptl} VMED .55 short?
[11:32] {dino} cov chuy .60, +.40
[11:32] {ese} good one dino
01[11:33] {Threei}  VMED, no
[11:33] {dino} ty
[11:37] {dino} ctrx drop
[11:40] {dino} hl l .35
[11:44] {dino} ctrx stop
[11:45] {dino} taking break
[11:45] {dino} guid stop -.15
[11:47] {dino} ctrx rinsed
[11:50] {dptl} GILD .20 long?
01[11:51] {Threei}  where is that Post-it?
[11:52] {dptl} ye...lunch time, breakouts
[11:53] {thomcbell} aig good action - no setup
[11:59] {ese} out akam .22 +.14 with 1600 of the little blighters......i'm done for the day though.....got up at 3:30 and am smokin tired.....have a great weekend all cya next week
01[11:59] {Threei}  have a good weekend ese
[12:01] {thomcbell} wow ctrx- crazy action
[12:07] {dino} yeah
[12:11] {dino} basing maybe
[12:11] {dino} hl l .60
[12:11] {dino} stop is .39
[12:12] {thomcbell} i had a very fortunate long there - bought it at 50.01 and sold it at 50.70 - 5 seconds later
[12:12] {dino} roc spike
[12:12] {dino} you dog
01[12:14] {Threei}  lol
[12:17] {dino} roc sm s .43
[12:17] {dino} out ctrx .08, +.48
[12:21] {thomcbell} FB day low
[12:24] {dptl} laser charts again i have lots of data missing
[12:24] {nemo} don't stick your chin out like that
[12:31] {dino} cov roc .63 -.20
01[12:37] {Threei} Short Setup: FB  .75 break
[12:38] {dino} roc crazy
[12:43] {dino} roc sm s .00
[12:43] {dino} stop -.30
[12:46] {dino} roc sm s .25
[12:52] {dptl} fb valid?
[12:52] {dino} cov roc .49, +.76
01[12:55] {Threei}  no
[13:07] {dptl} AKAM .50 long?
01[13:13] {Threei}  don't know...
01[13:13] {Threei}  but FB is valid again
01[13:14] {Threei}  wow
01[13:14] {Threei}  MA bans all the travel in the state
01[13:14] {Threei}  that's it nemo... you are glued to the place
[13:15] {nemo} 4-wheel drive
[13:41] {dptl} do you still have charts prob Vad?
01[13:41] {Threei}  no, fine now
[13:42] {dptl} hmm..mine stop working and then comes back with data missing 3 times today
[13:43] {dptl} i wish i can show you fb chart now how it looks here lol
01[13:45] {Threei}  there is a gap between 10:53 and 12:10
[13:46] {dptl} look with server5
01[13:49] {Threei}  FB stubbornly holds that support
01[13:52] {Threei}  wow, did scottie really get snowed in? my friends in Toronto remained home, schools are closed
01[13:53] {Threei}  dp, see how AKAN failed that break you watched?
[13:53] {dptl} yes
01[13:53] {Threei}  perfect trap... that's the breakouts for you during lunch time
01[13:56] {Threei} Short Setup: CAT  .75 break hl
01[13:56] {Threei}  If holds  .85
[13:57] {thomcbell}  long setup dvn 60.23 if holding 60.15
[13:57] {thomcbell} half lot only for me
[13:57] {dptl} how you can see anything with this charts Vad?
01[13:57] {Threei}  I squint
[13:57] {nemo} darth VADer
[13:58] {dptl} no i mean 3 hours no data
[13:59] {nemo} go to freestockcharts.com dp
01[13:59] {Threei}  gosh, have a look at backup... freestockcharts.com
[13:59] {nemo} ahhh....Vad
01[13:59] {Threei}  come on man, life is not that bleak :)
01[13:59] {Threei}  oh... and squint :)
[13:59] {dptl} i know i have it...but its only bats data isn it?
[14:00] {nemo} the chart is pretty accurate
06[14:00] * Threei sends dp a bottle of Smirnoff
[14:00] {nemo} Smirnoff...that's disgusting
[14:00] {nemo} I understand it's DP, but...
01[14:00] {Threei}  yes... you think I'd send him Grey Goose?
[14:00] {dptl} lol
[14:00] {nemo} Oh right, you don't have Tito's which is excellent and cheap
[14:01] {thomcbell} i like that Ultima
[14:01] {thomcbell} Tito too
[14:01] {nemo} and exactly what are your qualifications thom?
[14:01] {thomcbell} volume
[14:01] {nemo} try the maddog 20/20 then
[14:01] {thomcbell} lol\
[14:02] {nemo} gotta' start stormdrinking
01[14:02] {Threei}  how is it different from regular drinking?
[14:03] {nemo} it's not, but it's a rationalization
[14:03] {nemo} You know what's nice about if the power goes out in winter
[14:03] {nemo} ?
01[14:03] {Threei}  yikes
[14:03] {nemo} You don't have to worry about the food going bad in the refrigerator
01[14:04] {Threei}  not our case... too warm usually, power is interrupted by winds rather than snow
[14:08] {thomcbell} dvn 1:1
01[14:10] {Threei}  market is glued ti the place
[14:10] {nemo} well iwm and spy headed for trend lines
01[14:13] {Threei} Short Setup: BBRY  .60 break
01[14:13] {Threei}  If holds  .70
01[14:13] {Threei}  no go CAT
[14:14] {dptl} stopped cat
01[14:14] {Threei}  BBRY setup is likely to be one of those on again off again
01[14:14] {Threei}  if invalidates, keep it on radar for possible reestablishing
01[14:14] {Threei}  valid so far
[14:16] {thomcbell} its finally gotten tired
01[14:16] {Threei}  volume is low on otday's red bar though
01[14:17] {Threei}  maybe just taking a breather
[14:21] {nemo} http://theweek.com/article/index/239917/mans-common-ancestor-with-other-mammals-a-rat
[14:21] {nemo} Politicians explained....actually I guess it's an insult to rats
[14:22] {Will49} well...i don't give rats ass personally
[14:22] {Will49} a
01[14:23] {Threei}  {Rats} damn well you don't - it's not yours to give!
[14:23] {Will49} agreed
01[14:24] {Threei}  come on BBRY, break and drop like a
01[14:24] {Threei}  hmmm
01[14:24] {Threei}  prom dress?
01[14:38] {Threei}  wow... look at this flatline SPY
01[14:38] {Threei}  whole day, right after the morning activity was over
[14:40] {Will49} maybe the algo computers are taking a snow day
01[14:47] {Threei}  Ok BBRY, little bounce andf then decisive break please
[14:48] {jdetente} ok let's see it drop
01[14:48] {Threei}  yes please
[14:50] {dptl} stop .71?
01[14:50] {Threei}  yup
01[14:59] {Threei}  1:1
01[14:59] {Threei}  gotta love BBRY... our new best friend
[15:00] {dptl} all out ty....got to go have a good weekend all see ya monday
01[15:01] {Threei}  have a good weekend dp
[15:01] {dino} cya
[15:01] {dino} snfca drop
[15:01] {Will49} be good dp
[15:01] {dino} sm l .26
[15:02] {dino} stop -.27
[15:03] {dino} reload sm .80
[15:07] {dino} stop again -.30
[15:08] {dino} f'ing rinsed, that makes 3 today
[15:12] {thomcbell} cleaning up last 1/4 of dvn here
[15:18] {dino} nsp filling nov gap
[15:20] {dino} meli drop
[15:21] {dino} meli sm l 82.76
01[15:22] {Threei} Short Setup: FB  .80 break
01[15:22] {Threei}  If holds  .85
[15:23] {nemo} http://news.yahoo.com/why-snowstorm-named-nemo-193003961.html
[15:24] {thomcbell} bbry 1.58 long break Vad
[15:25] {dino} stop meli, stupid, had profit on it
01[15:25] {Threei}  rather .60 tbell... but I personally will skip it
01[15:25] {Threei}  don't feel conviction in the market on a long side
[15:26] {thomcbell} your not aloud to be crabby sensai
01[15:26] {Threei}  why?? nemo is, why not I...
01[15:26] {Threei}  sniff sniff
[15:26] {nemo} it's "sensei"
[15:28] {dino} another f'ng rinse, meli. wtf
[15:28] {nemo} KY dino
[15:28] {thomcbell} nemo crabby even after storm naming today
[15:28] {dino} yeah, starting to feel that way, thats 4 today
[15:28] {nemo} I'm not crabby today
01[15:29] {Threei}  die FB
01[15:30] {Threei}  good boy... couple more cents for first partial please
01[15:30] {Threei}  half out
01[15:31] {Threei}  aiming for closer to .60 and playing by the book
01[15:31] {Threei}  stop trailed to .81
01[15:32] {Threei}  so what do you think, dp really left or quietly trading?
01[15:35] {Threei}  let
01[15:35] {Threei}  let's check that theory...
06[15:35] * Threei slaps dptl around a bit with a 750 ml bottle of Stolychaya
01[15:36] {Threei}  no sound of body hitting the floor... must have left
[15:37] {nemo} stolychniya...yeeech
01[15:37] {Threei}  again...
[15:37] {jdetente} one last push here...and joy :)
01[15:37] {Threei}  why would I sacrifice Grey Goose for that
01[15:37] {Threei}  FB 1:2, out in full
[15:37] {thomcbell} excellent Vad
[15:38] {nemo} I just said Stoli sucks, I didn't say sacrifice the grey goose.  If you're gonna' smack him with something, just use a lead pipe
[15:38] {Will49} Great Vad tks
01[15:38] {Threei}  ye sir
01[15:38] {Threei}  yw
01[15:38] {Threei}  this is so... inelegant, nemo
01[15:38] {Threei}  effective, yes
[15:38] {nemo} I can do violence elegantly, you can't
[15:39] {nemo} settle for effectiveness
01[15:39] {Threei}  that's why I have to use more elegant tools than lead pipe
[15:39] {nemo} a waste of vodka that you could use for rust remover
01[15:39] {Threei}  why would I need drunk rust all over the place
01[15:42] {Threei}  gosh... someone on TV just said "snowpocalypse"
[15:47] {thomcbell} good weekend everyone
[15:47] {dino} cya
01[15:47] {Threei}  ok guys, nice finish to a nice week, second in a row with no losing days
01[15:47] {Threei}  thank you all
[15:48] {nemo} cya Monday...maybe
01[15:48] {Threei}  have a great weekend, see you tomorrow
[15:48] {Will49} see ya Vad
01[15:48] {Threei}  stay safe nemo
[15:48] {jdetente} have a great weekend guys. Good trading this week
01[15:48] {Threei}  all you east coast folks

Feb 07 2013

About flat day, as morning profits got eroded by sloppy afternoon. In relation to the topic discussed near the close, please read this article: http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html


Session Time: Thu Feb 07 00:00:00 2013

[09:00] {dino} gm
01[09:02] {Threei}  dino :)
[09:05] {nemo} wow, room is actually up again
[09:05] {nemo} Dino IPGP has 20% short interest CSTR 43% short interest
[09:05] {nemo} Cipher will probably like that too
[09:07] {jdetente} gm
01[09:07] {Threei}  jd L(
01[09:08] {Threei}  hmmm... let me try again
01[09:08] {Threei}  :)
01[09:08] {Threei}  there
[09:08] {nemo} Vad is running for office
[09:09] {dino} thx nemo, i don't really follow short interest tho
[09:09] {scottie} good morning
[09:09] {nemo} Well, I'm sure many of you will be relieved to know that I will likely only be here for a short time tomorrow
01[09:10] {Threei}  scottie :)
[09:10] {nemo} ya' know...I could see where playing with a laptop screen could be fun on hallucinogenics
[09:11] {ese} morning
[09:11] {nemo} yeah dino, but I think they have earnings soon, which means you could have a significant move
01[09:12] {Threei}  ese :)
[09:12] {cipher} gm
01[09:13] {Threei}  cipher :)
[09:13] {ese}  c, vad
[09:13] {ese} nemo
[09:13] {cipher} ese
[09:14] {nemo} malas dias
[09:17] {dino} ok
[09:20] {Will49} Good morning
01[09:21] {Threei}  will :)
01[09:21] {Threei}  http://photography.realitytrader.com/2013/02/refuge-place.html
[09:22] {dino} akam dec gap fill and then some
[09:22] {patel} Good Morning
01[09:22] {Threei}  patel :)
[09:22] {Will49} Tks Vad...great pics
[09:23] {patel} I read your chat log yesterday.
01[09:23] {Threei}  ty
[09:23] {Will49} Who's the idol with the white beard?
[09:23] {patel} Make sure you save some stocks for next week.
01[09:23] {Threei}  and couldn't stay away? :)
[09:23] {jdetente} great photos Vad
01[09:23] {Threei}  not sure Will, someone scratched the explaining label
01[09:23] {Threei}  thanks jd :)
[09:23] {scottie} Beautiful pictures Vad. I'd rather be there this morning, it's 31 below here.
[09:24] {Will49} OMG Scottie, where are you?
[09:24] {scottie} Quebec city
[09:24] {dino} woke up to 4 degrees f at 6 am
01[09:24] {Threei}  oh boy...
[09:24] {Will49} cool :)
01[09:25] {Threei}  no kidding, lol
[09:25] {dino} nemo and i are getting serious snow tomorrow
[09:25] {jdetente} that is insane
[09:25] {jdetente} 31 below...yikes
[09:25] {scottie} too cold for snow today
[09:25] {nemo} We're in the bullseye
[09:25] {dino} temp. been that way off and on for 3 weeks jd
[09:25] {dino} glad i switched from oil to gas eat
[09:25] {thomcbell} i want to move to quebec city
[09:26] {dino} eat=heat
[09:26] {scottie} beautiful town though
[09:26] {jdetente} I couldn't live with those temps...
01[09:26] {Threei}  where is global warming when you need it... and may you have at least local one... :)
[09:26] {jdetente} I would need a winter home!
[09:26] {ese} whats the news with AKAM dino......thats a serious smack down for them
01[09:26] {Threei}  I've been there is the summer only
[09:27] {dino} we just set a record in jan for most consecuitive days below 10 f. previous was 40 years ago
[09:27] {scottie} Believe it or not, it's warmer than 30 years ago
[09:27] {dino} akam lowered guid
[09:28] {ese} ouuuu.....i smell money there
[09:30] {cipher} CTRP L .92
[09:32] {cipher} chrw l .61
01[09:32] {Threei} Long Setup:  FB  .95 break
[09:32] {cipher} out chrw .80
01[09:33] {Threei}  If holds  .85
[09:33] {cipher} in fb
01[09:33] {Threei} Long Setup:  BBRY  .50 break
01[09:33] {Threei}  If holds  .40
01[09:34] {Threei}  no go BBRY
01[09:35] {Threei}  FB 1:1
[09:36] {cipher} out CTRP .40 +.48
01[09:36] {Threei}  out FB in full
[09:38] {cipher} CHRW L .10
[09:38] {dptl} gm
01[09:39] {Threei}  dp
01[09:41] {Threei} Long Setup:  LVS  54 break hl
01[09:42] {Threei}  Invalidated
01[09:42] {Threei} Long Setup:  FB  29 break
[09:43] {cipher} rose l .71
[09:43] {dino} aiz hl s .06
01[09:43] {Threei}  If holds  .90
[09:46] {cipher} chrw stopped -.12
[09:48] {cipher} chrw l .86
[09:48] {dino} aiz stop -.14
[09:49] {dino} cx that no fill, bstop is .21
[09:51] {dino} cpa blood
[09:51] {cipher} out chrw .08 +.22
[09:52] {cipher} infi l .53
01[09:52] {Threei}  change to .90 break FB
01[09:52] {Threei}  If holds  .85
[09:52] {dino} cov aiz .82, +.24
[09:53] {cipher} out rose .14+.43
01[09:53] {Threei}  no go
[09:54] {cipher} EXPE DROP
[09:54] {dptl} AGO .40 long
[09:55] {dptl} if holds .30
[09:55] {cipher} expe l .35
[09:55] {dino} cpa sm l .31 gappy
[09:56] {dptl} half out ago
[09:57] {dptl} 1:2 all out
[09:57] {Will49} nice dp
[09:58] {jdetente} gj
[09:58] {scottie} great dp
[09:58] {dptl} ty
[10:03] {nemo} lvs
[10:03] {cipher} out expe .44 +.09
[10:03] {nemo} APC
[10:04] {nemo} MPC near breakout level
[10:04] {cipher} cpa l .81
01[10:05] {Threei}  can't get a feel for the market
01[10:05] {Threei} Short Setup: LVS  .80 break
01[10:05] {Threei}  hl
01[10:05] {Threei}  If holds  .90
01[10:08] {Threei} Short Setup: CAT  .90 break hl
01[10:08] {Threei}  If holds  97
[10:08] {nemo} lvs likely going towards 54 and then drop
[10:10] {dptl} EQR .70 sh?
01[10:11] {Threei}  if stays under .80, yes
01[10:11] {Threei}  CAT 1:1
[10:11] {scottie} +.09 ty
01[10:12] {Threei}  too early for full exit
01[10:12] {Threei}  CAT can do better than this
01[10:12] {Threei}  1:2
[10:12] {scottie} not enough shares to partial out
[10:12] {ese} spyders not liking something
01[10:12] {Threei}  1:3, out
[10:12] {Will49} good one
[10:13] {nemo} shorting lvs here could be a good bet
[10:13] {ese} am still long BBRY from tuesday at .06.......averaged in some more breifly yesterday
[10:14] {ese} forget the good bet thing......its a "calculated strategy"
[10:15] {dptl} hmm...EQR holding well
[10:15] {nemo} What did I say earlier, LVS would head towards 54 and drop, got to .95
[10:16] {cipher} cpa stopped -.21
01[10:16] {Threei}  you said that LVS would go to 54 and drop... man, can't you scroll up and reread what you said if you don't remember, unstead of asking us?
[10:16] {nemo} [10:10] {nemo} lvs likely going towards 54 and then drop
01[10:17] {Threei}  see? why ask us :)
[10:17] {scottie} EXC l .90 if holds .80 ?
[10:17] {dptl} eqr not shortable
[10:18] {nemo} I didn't commenting on Ese's comment
01[10:18] {Threei}  not sure scottie
[10:18] {scottie} ok
01[10:18] {Threei}  chart is right, buit market doesn't cooperate with longs so far
[10:23] {ese} ya whats up with that.........i haven't seen anything
[10:23] {ese} Hungarian gdp is up for crying out loud
01[10:23] {Threei}  no reason really, just working off some overbought conditions, IMO
[10:24] {ese} ya..........figured as much
[10:24] {ese} i'm still working off christmas eating myself
01[10:25] {Threei}  that's nothing, nemo just decided to stop trying to work off 1987 binge drinking
01[10:25] {Threei}  friking LVS... got away
01[10:25] {Threei}  {--- should have listened to nemo
[10:26] {dino} hlss drop sm l .35
[10:26] {nemo} So, Ese, if you played LVS instead of bitchin' at me, you'd be in good shape
[10:27] {nemo} Nah, went out and bought blizzard supplies last night Vad
[10:27] {Will49} ooooo, so sensitive this morning
[10:27] {dino} out cpa .46, ave +.44
[10:28] {ese} ya......can't deny that fact nemo.........but i wasn't bitching at you........was just correcting a slight interpretation issue
01[10:28] {Threei}  lol
[10:28] {nemo} how you interpret is not my problem
[10:29] {ese} lol
[10:29] {ese} thats true as well.......
[10:29] {dino} out hlss .76, +.41
01[10:29] {Threei}  wow CAT... did we close it early
[10:30] {ese} he is sensitive indeed will................the man keeps rabits for crying out loud
[10:30] {Will49} don't cry over spilt milk :)
[10:30] {nemo} guys, my algo has 80 week stocks and 17 strong, with 65 of the week with persistent bid hitting
[10:30] {nemo} that's week
[10:30] {nemo} weak
[10:31] {nemo} only 5 of the strong are showing offer taking
[10:32] {ese} interesting nemo...........what allgorrythm is that nemo
[10:32] {nemo} If I tell you, I'll have to kill you, and you know how much I'd enjoy that...nothin' personal of course
[10:33] {ese} lol
[10:33] {dino} roflol
[10:33] {nemo} it tracks persistence
[10:33] {ese} this is a new one on me
[10:33] {nemo} what's a new one on you?
[10:34] {ese} this tracking of persistance..........am assuming buying here
[10:34] {nemo} buying and/or selling
[10:34] {dino} new lod
[10:34] {ese} is this something you figured out.......or is it proprietory to some trading platform
[10:35] {nemo} Friend of mine programmed it, but I'm kinda' involved in developmental aspects
[10:35] {ese} cool ...good on ya
[10:36] {dino} tur drop?
[10:36] {ese} i'm still in "sheep" faze............just following
[10:36] {scottie} C db ?
[10:36] {nemo} sheep?
[10:37] {ese} they just follow..............like i follow vad blindly
01[10:37] {Threei}  looks breakdownish
01[10:37] {Threei}  .60
[10:37] {Will49} following sheep is suspect
01[10:37] {Threei}  if stays under .70
[10:37] {ese} lol
01[10:37] {Threei}  lol
[10:39] {nemo} how's that .45 drop in LVS musician?!
[10:39] {nemo} ooohhhh...50!
[10:39] {dino} bg crushed
[10:39] {ese} when vad says do.......i just do..........think about cranage later
[10:39] {ese} carnage
[10:40] {Will49} there it is again...carnage knowledge
[10:40] {ese} yup
[10:40] {Will49} you bad ese
[10:41] {nemo} he's a frickin' drummer...he just bangs it all day (paraphrasing Todd of course)
[10:41] {Will49} charged with carnage knowledge of sheep
[10:41] {ese} maybe stupid as well.........have just watched $1700 fritter down to $962 here with bbry
01[10:44] {Threei} Long Setup:  CAT  .10 break
01[10:44] {Threei}  If holds  96
[10:44] {ese} i'm in!!!!!!!!
01[10:44] {Threei}  lol
01[10:45] {Threei}  Invalidated
[10:45] {ese} just kidding.............see what i mean about that following blindly stuff
[10:45] {nemo} how's that .70 in LVS
[10:45] {ese} pheeeewwwww!
[10:45] {Will49} ok ok nemo...you were right!
[10:45] {dino} you guys are chatty this morning
[10:45] {nemo} I know, but I have to let my ego explode and bust Ese
[10:46] {ese} rotflol
01[10:46] {Threei} Long Setup:  CAT  96 break
01[10:46] {Threei}  hl
[10:46] {nemo} btw...this is critical for SPY here
01[10:46] {Threei}  If holds  .90
[10:46] {ese} NOW!!!!!........thats why I hang around the board
[10:46] {nemo} So, if I get real quiet for a month or two you'll leave?
[10:47] {ese} not for the money.........for the mental abuse...............
[10:47] {ese} and to follow vad blindly of course
[10:47] {nemo} oh  Ese de Sade
01[10:47] {Threei}  and for shishkebab privilege
[10:48] {ese} am liken the way bbry is not participating with the market here..........bodes well for the upside..........and my retirement
[10:48] {ese} definitely shiskebab privilege
[10:48] {Will49} I'll second that
01[10:49] {Threei}  CAT's valid
01[10:49] {Threei}  and not a scalp
01[10:49] {Threei}  1:4 target
[10:49] {ese} 07 Feb 04:01[BBRY] Wells Fargo Raised BBRY to Outperform from Market Perform, price target: $19-20 - Source TradeTheNews.com
[10:50] {ese} 6 February, 2013 10:56:53 AM PSTBlackBerry CEO: so far sales of new BB10 models in Canada have exceeded prior launch performances by 50%, and UK sales are doing much better than prior product launches - "In Canada, yesterday was the best day ever for the first day of a launch of a new BlackBerry smartphone. In fact, it was more than 50% better than any other
[10:50] {thomcbell} lvs what a call
[10:50] {ese} launch day in our history in Canada," "In the UK, we have seen close to three times our best performance ever for the first week of sales for a BlackBerry smartphone." - Source TradeTheNews.com
[10:50] {thomcbell} almost scalp long time once setup shows its head
01[10:51] {Threei}  Invalidated
01[10:51] {Threei}  ese, don't read too much in it
01[10:51] {Threei}  look at it this way:
01[10:51] {Threei}  they haven't updated their lineup in a long while, a lot of existing users who haven't abandoned the ship yet were waiting for this release for a really long time
01[10:52] {Threei}  so, they jumped on it and created this "best launch day" ever
[10:52] {dino} maa hl l .00
[10:52] {ese} Am channelling the movie "Jerry Maguire" here.........."show me the money!"...........read "I smell short term money"
01[10:52] {Threei}  real question is, will Rim expand the base of users or it merely fights to retain existing
[10:54] {ese} ya......they've got an uphill battle for sure.........but even though it's gone through all the crap that it went through.......it really didn't tarnish it's image say like............hmmmmmm...Nortel.....that company is trashed
[10:55] {cipher} wfm l .64
01[10:55] {Threei}  CAT is valid again
[10:55] {ese} imo......image was strong enough to withstand some of the last year
[10:55] {ese} they have to prove it though
[10:57] {scottie} out C .71 -.09
[10:57] {dino} e drop
[10:59] {ese} and anyway............i'm gonna walk away with a minimum of 500 today regardless.......would like more but we'll see....am up 1200 so far
[11:00] {nemo} ahhh...ese, why don't you just stay up 1200 and declare victory
[11:00] {dptl} COH .70 sh?
01[11:00] {Threei}  yes
[11:01] {ese} nah...can't do it..........have a plan and have to stick to it come hell or high water.......
[11:02] {nemo} Oh Oh, I can feel Tombstone coming...
[11:02] {ese} if theres one thing i've learned here...........2............risk management........trade the plan......it's made me a crap load of money
[11:02] {nemo} "Tell I'm comin' and Hell's comin' with me!"
[11:02] {ese} lol
[11:02] {ese} love that
[11:02] {nemo} Dino?
[11:03] {dino} tombstone
[11:03] {ese} forget following vad................i'm now following you nemo
[11:03] {jdetente} tombstone quotes...love that movie
[11:03] {nemo} It used to get regular attention around here..especially when Magoo was here
[11:04] {nemo} He was the victim of my first insult here
[11:04] {nemo} Was the first day of my trial in 2008..he didn't even feel me slip the knife in his ribs
[11:04] {ese} speaking of which........................where is that man?          dino?
[11:04] {dptl} not shortable ..what the
[11:04] {ese} lol
[11:05] {nemo} I remember it as if it were yesterday.
[11:05] {nemo} Mags and Dino were trying to recall how long they had been in the room.
[11:05] {nemo} Magoo asked Vad, "How long have I been here, Vad?"
[11:06] {nemo} I then replied to Vad: "Vad, just remember when you started to get that rash."
01[11:06] {Threei}  lol
[11:06] {jdetente} lol
[11:06] {dino} lol
[11:06] {ese} lol
[11:06] {nemo} Took Magoo a few minutes then he said, "HEY! wait!   SLAP!
[11:06] {dino} ma stop -.24
[11:07] {nemo} Those were the days of waking up to the market being limit down..oy frickin' vay
[11:07] {scottie} MO l .40 ?
[11:08] {dino} yeah overnight holds could put you out of business
[11:08] {ese} ya but when it started coming back.........crap there was money to be made
[11:08] {nemo} Yeah, KY on the desktop was mandatory
01[11:09] {Threei}  worth a try, MO
01[11:09] {Threei}  daily is very strong
[11:09] {ese} DRYS and HIG for me
[11:10] {scottie} in .42
[11:10] {scottie} stop .34
[11:10] {ese} idiotic greeks have run drys into the ground though diluting shareholder value
[11:11] {jdetente} CAT holding .80 for a while now...
[11:12] {ese} hmmmmmmm.....now that i'm thinking of it........that was a precursor to what was coming.......bizzare mentality they have
[11:12] {nemo} oh yeah, ese's 40k share lots
[11:13] {jdetente} and now lost it
[11:13] {dptl} TWX .40 sh?
[11:14] {ese} ya.......no more though........i was going by the addage........"when theres blood in the streets....buy"
[11:14] {ese} sure as heck paid off
01[11:15] {Threei}  yes
[11:16] {dptl} also...AGO .80 sh?
01[11:16] {Threei}  also yes
[11:16] {ese} I remember the first time it happened and i was up a crap load..........I didn't know what to to do.......I ccd'd vad early and with that question "what should i do?....I had 30k of something and it was up a buck and a half.........stunned me
[11:17] {ese} and he talkes me through it like I was flying an jet liner with no liscense to fly
[11:18] {ese} ok...."do this....then do this...then do this".......think about now....was funny
[11:19] {dino} you were an animal back then
[11:20] {ese} am liking my calmer approach these days
[11:20] {dino} csgs hl l .00
[11:20] {scottie} out MO -.08
[11:24] {dptl} SFLY .90 long?
01[11:25] {Threei}  hmm?
[11:25] {dptl} not
[11:27] {dptl} TWX two sided you think?
01[11:29] {Threei}  yes... but I don't
[11:30] {thomcbell} long setup FB 28.50 break if holding 28.40
[11:31] {thomcbell} 1:2 target
[11:33] {thomcbell} nice little stalemate on FB
01[11:34] {Threei} Short Setup: CAT  .60 break
01[11:34] {Threei}  If holds  .70
01[11:36] {Threei}  stop .66
01[11:38] {Threei}  1:1
01[11:38] {Threei}  1:2, out
01[11:39] {Threei}  too soon again
[11:39] {scottie} SU s .10 ?
01[11:39] {Threei}  we should have done just one trade today - short CAT early, hold it till about now
01[11:40] {Threei}  hard to tell, SPY at support
01[11:40] {Threei}  short should work if loses it and not if bounces
[11:40] {scottie} in .09...
01[11:41] {Threei}  let's see if SDPY loses 150
01[11:41] {Threei}  should push SU down
01[11:44] {Threei}  there you go
[11:44] {thomcbell} FB no go
[11:44] {dino} aiz hl l .70
[11:46] {dptl} fb didt break .40 yet
[11:46] {dptl} still in
[11:46] {jdetente} yeah it held right at .40
[11:47] {cipher} crzo l.10
[11:49] {cipher} out wfm .00 +.36
[11:49] {cipher} chrw l .14
[11:52] {cipher} ibb l.29
[11:59] {cipher} out chrw .28 +.14
[12:07] {cipher} out crzo .22 +.12
[12:08] {dptl} half out FB
01[12:09] {Threei}  finally
01[12:09] {Threei}  took its sweet time
[12:09] {jdetente} FB...patience :)
[12:10] {cipher} out ibb .49 +.20
[12:10] {dino} schw spike
[12:12] {cipher} scss l .80
[12:14] {cipher} ibb reload .54
[12:14] {dino} partial cpa l .00
[12:15] {dptl} TWX 1:1 out
01[12:15] {Threei}  normally market starts slowly recovering in this situation
[12:15] {dptl} when i am out ? lol
01[12:16] {Threei}  both FB and TWX worked on a long side
01[12:16] {Threei}  well, break of .60 is looking good for more
01[12:16] {Threei}  but things are slow
01[12:16] {Threei} Long Setup:  LVS  .45 break
01[12:17] {Threei}  aggressive for .50
01[12:17] {Threei}  with tight stop, under .40
[12:18] {cipher} out scss .93 +.13
01[12:18] {Threei}  TWX works its way to 1:2
01[12:18] {Threei}  LVS, target 1:3
01[12:22] {Threei}  come on LVS, take .50
01[12:22] {Threei}  and run like forrest
01[12:24] {Threei}  1:1
[12:27] {cipher} cpa l .26
[12:29] {cipher} out .46 +.20
[12:30] {dptl} out fb
[12:31] {dino} out cpa .61, +.61
[12:32] {cipher} out ibb .58 +.04
[12:33] {cipher} wtg dino
[12:33] {dino} ty u2
[12:34] {cipher} ibb l.62
[12:35] {scottie} out SU flat
01[12:35] {Threei}  so far, market read is right
01[12:36] {Threei}  fly LVS, fly like a bird
01[12:36] {Threei}  dp, don't even look at TWX
[12:36] {cipher} out ibb .76 +.14
[12:36] {ese} have a great day all.....doctor appointment...cya tomorrow
01[12:37] {Threei}  take care ese
[12:37] {dptl} nooo...and missed lvs stepped out :(..can i take .60 break may be?
01[12:37] {Threei}  15 cents above trigger?
01[12:38] {Threei}  told you, quit smoking
[12:38] {dptl} :) how did you know?
[12:38] {dptl} gonna look for those hidden cameras lol
[12:39] {scottie} dp, we can all see you through your webcam
[12:39] {jdetente} haha
[12:39] {dptl} oh man...
[12:40] {scottie} keep your hands where we can see them will ya
[12:41] {dptl} lol
[12:42] {jdetente} let's kick LVS and FB back into gear here
01[12:43] {Threei}  TWX... sheeesh
[12:43] {dptl} VMED .75 long?
[12:43] {cipher} cpa s .96
[12:44] {dptl} in half lot
01[12:44] {Threei}  then yes
[12:44] {dptl} stop .67
[12:46] {dino} hain spikey
01[12:47] {Threei}  rofl... Definition of an epic fail: the moment when you pull up the blanket, your fingers slip and you hit yorself in the face
[12:47] {jdetente} haha
[12:48] {Will49} :0
[12:48] {Will49} did you make that one up yourself vad?
[12:50] {cipher} cov cpa .92 +.04
01[12:50] {Threei}  no
[12:51] {cipher} s cpa .91
[12:56] {cipher} cov .92 -.01
[12:58] {cipher} CPA L .82
[12:58] {cipher} out .94
[13:02] {cipher} cpa l.27
[13:03] {cipher} chtr news?
01[13:05] {Threei}  CVC nears deal to sell a unit to them
[13:05] {dino} none so far
01[13:05] {Threei}  Cablevision Systems Corp Said to be near deal to sell Optimum West unit to Charter - financial press**NOTE: CVC bought Optimum West (Bresnan Broadband) in 2010 for $1.37B
[13:07] {dino} sm l .24
[13:08] {thomcbell} dvn trades very nicely -
[13:09] {cipher} chtr l .07
[13:09] {thomcbell} 59 break if holding 58.90
[13:10] {thomcbell} strength based on comments made at a conference
[13:10] {cipher} out chtr .88 +.81
[13:11] {dptl} half out vmed
[13:13] {dino} out chtr .24, +1.00
[13:13] {dino} gj cipher
[13:14] {cipher} u2
[13:15] {Will49} you guys in a league of your own
[13:16] {cipher} ROSE L .31
[13:16] {nemo} http://www.boston.com/metrodesk/2013/02/07/get-ready-forecast-calls-for-blizzard-conditions-bay-state/rJjXSN3GGTnt9ad98JCJaN/story.html
[13:16] {nemo} I'm a little south of Boston
[13:17] {thomcbell} dvn im looking for 1:3
[13:20] {dptl} UNH 57 long?
[13:20] {thomcbell} dvn 1:1
01[13:21] {Threei}  yes but looks slow
01[13:21] {Threei}  frikin LVS
[13:21] {thomcbell} dvn 1:2
[13:21] {Will49} god call TB
[13:21] {Will49} good
[13:22] {dptl} lol Will...god call
[13:22] {dptl} out Vmed .97
[13:22] {Will49} fruedian slip
[13:25] {thomcbell} dvn 1:3
[13:27] {jdetente} good job!
[13:27] {Will49} god job
01[13:28] {Threei}  reiterating: frkin LVS
[13:29] {jdetente} not looking, not looking
[13:29] {jdetente} did I mention I'm not going to look ?? lol
[13:30] {thomcbell} dvn took the trade
[13:30] {cipher} out rose .43 +.12
[13:31] {Will49} sorry i missed you joke jd...i wasn't looking
[13:31] {dptl} half out UNH
[13:32] {dptl} will i get 1:2?
01[13:33] {Threei}  very likely
[13:34] {thomcbell} dvn has been a sleeping giant for two years
01[13:34] {Threei}  and picked today to wake up?
[13:36] {dptl} 1c
[13:36] {dptl} stop under .10
[13:38] {dptl} out
[13:38] {Will49} tks dp
[13:39] {dptl} yw
[13:39] {thomcbell} dvn come on
[13:40] {dptl} EL .80 long?
01[13:40] {Threei}  wow FVN
01[13:40] {Threei}  D
01[13:40] {Threei}  EL, hl
01[13:40] {Threei}  jumpy
[13:43] {dino} cpa lod
01[13:44] {Threei}  1:1
01[13:45] {Threei}  the timing of our switch to longs was impeccable
[13:47] {dino} ll spike
[13:53] {dino} \grrr missed short ll by 1 cent
[13:54] {dino} csgs hours, stop to .09 thing doesn't move
[13:55] {dino} hpy happy
[13:59] {dino} srpt spike
[13:59] {thomcbell} dvn dont look
[13:59] {thomcbell} 1:13
01[14:01] {Threei}  inkredible
[14:02] {dino} out csgs +.09
[14:22] {dptl} SE .60 long?
01[14:23] {Threei}  nah
[14:24] {dptl} what about AGO .25 l?
01[14:24] {Threei}  same thing
[14:24] {dptl} k
[14:32] {dptl} MPC?
[14:33] {dptl} .55 long may be?
[14:33] {dptl} .45 short?
01[14:33] {Threei}  man... what's different between MPC and two before that?
01[14:33] {Threei}  short, maybe
01[14:34] {Threei}  you need a post-ot on your monitor: no breakouts during lunch time
[14:35] {dptl} is it still lunch?
[14:36] {Will49} it's always lunch time somewhere :)
[14:36] {dino} lunch time was 2 1/2 hours ago
[14:36] {dino} this is contra-hour
[14:37] {Will49} aren't they terrorits?
[14:37] {Will49} terrorists
[14:37] {dino} i suppose.............
[14:37] {dino} always a wiseazz in the room
[14:37] {Will49} c'est moi
01[14:39] {Threei}  MPC 1:1
[14:39] {scottie} FIRE s .50 ?
01[14:39] {Threei}  on a short side, notice
[14:39] {dptl} i didt take it
01[14:39] {Threei}  FIRE, no... needs a few min consolidation first
01[14:39] {Threei}  why not?
[14:40] {dptl} was confused
01[14:40] {Threei}  you wanted three longs, I said no to any, neither of them worked,
01[14:40] {Threei}  one short, I said yes, you ignored, it worked
01[14:40] {Threei}  something's worng with this picture :)
[14:41] {dptl} yeah...thats what i mean ..was confused..decide to skip it for now
01[14:42] {Threei}  you really need to stop smoking :)
[14:42] {dino} doing/looking at too much dp
[14:42] {dino} afternoons are your "edge' set up time
[14:42] {Will49} I don't smoke and I'm confused
[14:42] {dino} or nap time
[14:44] {scottie} MO l .60 if holds .55
[14:47] {dptl}  ok   TWX 52 short mast be good?
[14:47] {dptl} must be
01[14:48] {Threei}  worth a try
[14:48] {scottie} which one
01[14:48] {Threei}  MO
[14:48] {scottie} tks
01[14:48] {Threei}  actually TWX too, lol
[14:49] {Will49} there's your cigarette supply DP (MO)
[14:49] {dptl} :)
[14:50] {dptl} ok in twx stop above .10
[15:05] {dino} cpa new lows
[15:08] {dptl} stopped twx
[15:08] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[15:11] {Threei} Long Setup:  CAT  .10 break
01[15:12] {Threei}  If holds  96
01[15:21] {Threei} Short Setup: LVS  .50 break
[15:25] {dino} what am i missing on sna, beat big
01[15:27] {Threei}  a bit light on revenue..
01[15:27] {Threei}  msybe something in guidance
[15:27] {dino} ty
[15:27] {dptl} lvs stop .61?
01[15:27] {Threei}  yeah
01[15:29] {Threei}  meh
[15:29] {dptl} stopped
[15:29] {dino} cxw spike, none avail
[15:31] {dino} sna hl l .96
01[15:32] {Threei} Short Setup: BBRY  .90 break
01[15:32] {Threei}  If holds  17
[15:38] {dptl} still 17 stop?
01[15:38] {Threei}  .96...
[15:39] {dptl} ok...1c from 1:1 :(
01[15:46] {Threei}  sigh
01[15:47] {Threei}  should have go home after morning selling was over
[15:47] {Will49} you are home
[15:47] {Will49} stop smoking
[15:48] {dptl} stopped
[15:49] {dptl} yeah . finishing negative...
[15:50] {scottie} worst day for me in a while
01[15:51] {Threei}  you guys are pushing so much, it's amazing
[15:51] {dino} out sna .00, +.04
01[15:51] {Threei}  what's with need to trade something all the time
[15:52] {jdetente} I finished barely up..missed a few winners and a few stops.
[15:52] {dptl} i am stupid..was up nicely and just killed it.....it just confusing for me still to get it when its good to trade and not
[15:52] {jdetente} I shorted UVXY throughout the day which helped
01[15:52] {Threei}  what is so confusing about it?
[15:52] {dino} afternoons pretty much suck dp
[15:52] {jdetente} saved me from a down day
01[15:52] {Threei}  volume disappears, movement becomes very slow
01[15:53] {Threei}  you cut your activity to bare minimujm, take only the most compelling plays
01[15:53] {Threei}  just remember howmany times we already chanted this mantra about breakouts during slow time of them day, yet you continue finding them
01[15:54] {Threei}  now, if you are up nicely, remember our "trailing stop on account" method?
01[15:54] {Threei}  why do you continue trading until you are negative? instead of applying that methiod
[15:54] {Will49} describe?
[15:55] {dptl} ye thats why i am stupid   should trail account
[15:55] {dino} whewill example, if i am up 700 and drop below 500 i quit
01[15:55] {Threei}  when you are near your daily target, or average, or whatever you consider worth preserving, you decide how much you go home with no matter what, and put a "trailing stop" there
01[15:55] {Threei}  say, you are up 800,
01[15:56] {Threei}  you decide 500 is min you go home wiht.
01[15:56] {Threei}  you stop trading for the day if you drop to 500,
01[15:56] {Threei}  You make 200 more, trail stop to 650
01[15:56] {Threei}  make 100 more, trail stop to 700
01[15:56] {Threei}  etc
01[15:56] {Threei}  same idea as with trailing stop on a stock
01[15:57] {Threei}  same pirpose, protect your profit
[15:57] {dptl} thats what i didt do today.......
01[15:58] {Threei}  you need to think of your reason for trading, dp
01[15:58] {Threei}  seems trading itself is more important to you than making money
[15:59] {dino} ruins my evening when i was up nicely and go home negative. so don't give back all your gains
01[15:59] {Threei}  with nice mornings we often have, why not put a stop at half of what it brings
[16:00] {dptl} i know....i just dont know why i didt thats the problem
[16:00] {dino} i think i know
[16:00] {Will49} Cheers guys..tomorrow's another day
[16:00] {dptl} shoot
[16:01] {dino} never get "enough' so you push
[16:01] {dino} screw the homerun days dp, think base hits
[16:01] {dptl} ye..i guess so
[16:01] {dino} 400-500/day is some nice cake
[16:02] {dptl} my target is even less for now
[16:02] {thomcbell} good night all
[16:03] {dino} thats fine, but the key is to get consistant at hitting (and keeping) it
[16:03] {dptl} till i fixed some of my issues
[16:04] {dino} clear your head, relax and don't trade just to trade. i go hours w/o trades
[16:04] {dptl} yep will have to still work on that....thanx...gn and see ya tomorrow
[16:05] {dino} gn buddy
[16:07] {jdetente} gn everyone

Feb 06 2013

Winning streak becomes a bit ridiculous, no single losing day for a good while. Today's Catch of the Day is aggressive entry into bounce:

Session Time: Wed Feb 06 00:00:00 2013

[08:54] {dino} gm
01[08:55] {Threei}  dino :)
[09:12] {jdetente} Good morning all
01[09:13] {Threei}  jd :)
[09:13] {cipher} gm
01[09:13] {Threei}  cipher :)
[09:16] {Will49} Good Morning
01[09:17] {Threei}  will :)
[09:20] {scottie} good morning
01[09:20] {Threei}  scottie :)
01[09:24] {Threei}  dp has stuck in reserve room
[09:25] {Will49} call a tow truck
01[09:27] {Threei}  I would bet then nemo will get a ride too
01[09:27] {Threei}  bet = but
[09:30] {dptl} gm
01[09:30] {Threei}  dp :)
[09:31] {cipher} chrw l .65
[09:31] {cipher} out .78
01[09:31] {Threei} Long Setup:  FB  .80 break
01[09:31] {Threei}  If holds  .70
[09:32] {cipher} BRCM L .20
01[09:33] {Threei}  still valid
[09:33] {cipher} CHRW L .40
[09:33] {dino} chrw hl l .50
01[09:34] {Threei}  target 1:2
[09:34] {cipher} out .61
[09:34] {dino} out chrw .22, +.72
01[09:34] {Threei} Short Setup: BBRY  .80 break
01[09:35] {Threei}  If holds  .90
[09:35] {cipher} CHRW S.25
[09:35] {cipher} cov .00 +.25
01[09:35] {Threei}  Invalidated
[09:36] {cipher} gpor L.75
01[09:36] {Threei}  1:1
[09:36] {scottie} +.11 tks vad
01[09:36] {Threei}  yw
[09:37] {cipher} out gpor .22 +.47
[09:37] {cipher} GPOR S .56
[09:37] {cipher} cov .39
[09:38] {cipher} gpor l .26
01[09:38] {Threei}  1:2, out
[09:38] {dino} gj cipher
[09:38] {cipher} out .37
[09:39] {Will49} good start Vad
[09:39] {jdetente} yes very nice
01[09:39] {Threei}  ty
01[09:39] {Threei} Short Setup: FCX  .80 break
01[09:39] {Threei}  If holds  .85
[09:40] {cipher} gpor l .35
[09:40] {cipher} out .44
[09:41] {dino} 07 green
[09:41] {cipher} gpor l .04
[09:41] {cipher} out .25
[09:42] {cipher} hain l .63
[09:43] {cipher} out .16 +.53
[09:43] {cipher} almost done for the day
01[09:44] {Threei}  1:1
[09:44] {scottie} +.08 tks again
01[09:44] {Threei}  yw
[09:45] {cipher} hain s .00
[09:45] {cipher} cov .85
01[09:45] {Threei}  out in full
01[09:45] {Threei}  .61
[09:45] {jdetente} great call
[09:45] {Will49} Tks Vad
01[09:46] {Threei}  yw guys
01[09:46] {Threei}  gotta keep up with cipher somehow...
[09:46] {cipher} rost l .10
[09:46] {dino} csgs hl l .72
[09:48] {dino} out csgs .00, +.28
[09:48] {dino} avb spike
[09:49] {cipher} out rost .20 +10
[09:49] {dino} sm s .18
[09:49] {cipher} nice entry
[09:49] {dino} cov avb .78, +.40
[09:50] {cipher} wtg
[09:50] {dino} ty
[09:50] {dino} jkhy spike
[09:51] {cc_8} nice trades cipher
[09:52] {cipher} ty
01[09:53] {Threei} Short Setup: FB  .20 break
01[09:54] {Threei}  If holds  .30
[09:54] {nemo} wow, vad called a trade
01[09:54] {Threei}  scuse me?
01[09:54] {Threei}  2 OF THEM, BOTH 1:2
[09:54] {cipher} EXPE L.10
[09:54] {dino} alxn drop
[09:55] {nemo} oh oh cipher's using capitals
[09:55] {Will49} yeah nemo...sheeesh
[09:55] {thomcbell} feels like one more rip on fb
06[09:55] * Threei slaps nemo around a bit with a wake-up brick
[09:56] {cipher} out expe .44 +.34
[09:57] {cipher} sheesh
[09:57] {cipher} way too soon
[09:57] {nemo} yeah, new resistance was the pivot at .96
[09:57] {cipher} nemo it's not because I'm yelling
[09:57] {nemo} Did I say you were yelling?
[09:57] {nemo} No
[09:58] {cipher} one of my hot keys is CAPS lock :)
[09:58] {nemo} I said "oh oh cipher's using capitals"
01[09:58] {Threei}  lol
[09:58] {cipher} it constantly toggles
[09:58] {nemo} toggling out of control huh?
01[10:00] {Threei}  let's trail to .26
[10:00] {dino} csgs hl l .32
01[10:01] {Threei}  Starting in August, U.S. Postal Service will stop delivering mail on Saturdays (continue to deliver packages six days a week) to save about $2 billion.
[10:02] {thomcbell} arun?
[10:03] {nemo} UPS looks short
[10:03] {nemo} FDX too
01[10:03] {Threei}  Aruba Networks Update: Lazard reiterates Buy rating, price target $24- Firm expects ARUN to report largely in-line F2Q results; however, firms conversations with resellers and distributors suggest mixed demand trends, largely due to macro, which may lead the company to take a more cautious stance with respect to its outlook
01[10:03] {Threei}  1:1
[10:03] {scottie} +.10 tks Vad
01[10:03] {Threei}  yw
01[10:04] {Threei}  that's 3 for 3, nemo
[10:04] {Will49} on a roll Vad
01[10:04] {Threei}  that'll teach you to 1.wake up earlier and 2. shut up before you even speak
[10:04] {dptl} gd .80 long?
[10:04] {jdetente} very nice Vad. thanks!
01[10:04] {Threei}  yw
01[10:04] {Threei}  GD, no
[10:05] {dptl} oh boy...
[10:05] {dptl} got in
[10:05] {nemo} no it won't
[10:05] {dino} out csgs .64 ave, +.32
[10:06] {cipher} GTLS L .47
[10:06] {dino} wxs blood
01[10:06] {Threei}  patel will cry when returns next week
[10:06] {scottie} why not GD Vad ?
01[10:07] {Threei}  just not worth the risk, a bit too thin and tries to break while market retreats... the odds of a trap are too high
[10:08] {scottie} tks
01[10:08] {Threei}  can jumpe either way
[10:08] {cipher} out gtls .70 +.23
[10:10] {cipher} LSTR L .06
[10:11] {nemo} if it drops this low, first stop .80
[10:13] {cipher} out lstr  .29 +.13
[10:14] {cipher} sorry +.23
[10:16] {KSystems} Morning!
01[10:17] {Threei}  hey KS!
[10:17] {cipher} trmb l .31
06[10:17] * KSystems jumps up and down a few times to check if room remains stable
[10:17] {nemo} Verdammten Deutscher
01[10:18] {Threei}  hmmm... I think south wall just trembled
01[10:18] {Threei} Short Setup: LVS  .50 break
01[10:18] {Threei}  If holds  .60
[10:20] {cipher} stopped trmb .28 -.03
[10:21] {cipher} trmb l .31
[10:24] {cipher} finally :)
[10:25] {nemo} mnst probably looking for 51 area soon
[10:26] {cipher} damn -.06 trmb
[10:27] {cipher} headed below 60
[10:27] {nemo} celg weak
[10:27] {cipher} trmb l .15
[10:27] {nemo} alxn too
[10:28] {nemo} if oil pops on report, look to short rcl in .60 area
[10:28] {nemo} the 50 day is .53
[10:30] {cipher} trmb may get squeezed of it hits .50
[10:34] {cipher} celg l .20
[10:36] {cipher} here we go trmb
[10:37] {cipher} next stop .70
[10:37] {dptl}  csc short?
[10:37] {nemo} your stop under .20 on celg (even though I said it was weak)
01[10:38] {Threei}  CSC, too low volume
[10:38] {cipher} out celg .25
[10:41] {nemo} watch for a bounce around .05 but I think it could drop that and go if the market weakens
[10:42] {cipher} trmb at target
[10:42] {cipher} out trmb .70 +.55
[10:43] {cipher} beuaty of short squeeze
[10:43] {dptl} unh .10 sh if stays under .20?
[10:43] {cipher} ok guys, cya tomorrow
[10:44] {scottie} cipher
[10:44] {Will49} bye
01[10:44] {Threei}  take care cipher, gj
01[10:44] {Threei}  UNH, yes
01[10:44] {Threei}  any chance you'd capitalize symbols, dp?
01[10:44] {Threei}  takes a while to decode
[10:45] {dptl} ok
01[10:45] {Threei}  among all the abbreviations, imagine someng like "sh low .10"
[10:45] {dino} cya cipher, gj
01[10:45] {Threei}  what's what? :)
[10:46] {scottie} still in GD dp ?
[10:46] {dptl} no got out flat
[10:47] {scottie} too bad
[10:48] {cipher} couldn't resist LBTYA
[10:48] {cipher} in .81 out .10
[10:48] {cipher} popped up as I was existing scanner :)
[10:48] {cipher} exiting
[10:49] {cipher} bye
[10:50] {scottie} ATI l .40 ?
01[10:51] {Threei}  small shares, very easy to get shaken out
01[10:52] {Threei}  thin trader
[10:52] {scottie} ok
[10:59] {scottie} ADM l .95 if holds .90 ?
01[11:00] {Threei}  yes, especially if SPY takes 151
01[11:05] {Threei} Long Setup:  DVN  .40 break hl
01[11:05] {Threei}  If holds  .30
01[11:06] {Threei}  nemo, for you, from e-mail I've got: It's not too late to make simple, heartfelt gifts for Valentine's Day
01[11:07] {Threei}  I think they mnistakenly sent it to me, forwarding to you
[11:07] {nemo} I'
01[11:08] {Threei}  lost your speech?
[11:08] {nemo} I've made many "heartfelt" acts in my life...it was just they were the last thing they felt
01[11:08] {Threei}  hehe... surprizingly good one
[11:09] {nemo} I do God's work...I help souls transition to their next incarnation
01[11:09] {Threei}  to any other comeback I've prepared "oh, are you the first person everyone thinks of when hears word heartfel?"
[11:09] {Will49} Buddha wouldn't approve of the process
01[11:09] {Threei}  are = aren't
01[11:10] {Threei}  disregard DVN
[11:10] {nemo} Comparing me with Buddhists is an error of epic proportions
01[11:11] {Threei}  what were you thinking Will... everyone knows nemo prefers violets to lotuses
[11:11] {Will49} I didn't say you were a Buddhist
[11:11] {nemo} I didn't say you said I was a Buddhist
[11:11] {Will49} just said he wouldn't approve
01[11:12] {Threei}  his first morning act is to take a violet out of glass, kiss it and gently put back saying "we are the same, you and O..."
[11:12] {nemo} Actually, Sudartha didn't have much to say about the "afterlife" aspect of existence
[11:12] {Will49} obviously you know what you're talking about
[11:12] {nemo} or Siddartha, whichever you prefer
[11:13] {nemo} Well, I have a level of information, whether it's fictional information or actual information is always up for debate
[11:13] {nemo} I live by Napoleon's dictum:
[11:13] {nemo} "History is merely a fantasy upon which we all agree."
[11:14] {Will49} agree
01[11:15] {Threei}  my agreement depends on number of bottles attached to a piece in question
[11:15] {nemo} I was involved in some "history"  that is not how it was reported
[11:15] {Will49} :)
01[11:16] {Threei}  with couple bottles of Glenlivet I'll agree to most interpretations... one bottle of hennessy Paradis makes me nod to most everything
01[11:17] {Threei}  oh, and speaking of history distortions,, one of the most mind-boggling examples is Katyn events
01[11:18] {Threei}  still can't believe how what actually happened is absolutely not what we were taught throughout all after WW2 period
[11:18] {nemo} And then of course, there was Damansky Island
[11:21] {Will49} and how do we know "what actually happened"?
[11:21] {scottie} ATI l .60 if holds .50 ?
[11:21] {Will49} unless you were there
[11:22] {scottie} sorry... same answer I guess
01[11:22] {Threei}  can't tell scottie
[11:22] {scottie} tks
01[11:22] {Threei}  will, http://en.wikipedia.org/wiki/Katyn_massacre
[11:22] {nemo} In regards to what Will?
[11:23] {nemo} Oh and then there was the whole Chelabynsk event
[11:23] {Will49} history gets re-written, so unless you were there, you believe what you're taught
[11:24] {nemo} yep
[11:24] {Will49} at least, I do
[11:24] {nemo} or unless you had sourced directly connected to the events whom you believe
[11:25] {Will49} right
[11:26] {scottie} in ATI .61 small
[11:27] {dptl} MJN .80 long?
[11:28] {dptl} small
01[11:29] {Threei}  I don't like this kinf
[11:29] {dptl} k
01[11:29] {Threei}  thin AND slow
01[11:29] {Threei}  at least dino/cipher thinnies are fast
[11:32] {dino} csgs hl l .50
[11:33] {dptl} PAY 35 long?
01[11:35] {Threei}  I like the chart
01[11:35] {Threei}  need SPY to hold
[11:40] {nemo} lunchtime trading
[11:45] {scottie} out ATI -.08
[11:48] {dptl} in pay
[11:49] {dptl} LVS .25 long?
[11:50] {dptl} yes lol
01[11:50] {Threei}  right
[11:59] {dptl} EL .45 sh ?
01[11:59] {Threei}  hl
[12:08] {dptl} out pay flat
01[12:09] {Threei}  11:40] {nemo} lunchtime trading
[12:09] {dptl} yeah
[12:15] {dptl} stopped el
01[12:17] {Threei}  (US) House Speaker Boehner (R-OH): President Obama and Democrats in the Senate are not addressing the debt
01[12:17] {Threei}  wow, really?
01[12:17] {Threei}  that's new
[12:18] {jdetente} Boehner's been trapped in his tanning bed for a month...he just got out
01[12:19] {Threei}  that explains it
01[12:20] {Threei}  came out, looked around - wow, they are not addressong the debt!
[12:20] {thomcbell} enhanced by booze
[12:21] {nemo} http://ibankcoin.com/news/2013/02/06/priceless-how-to-feed-the-homeless/?utm_source=wordtwit&utm_medium=social&utm_campaign=wordtwit
[12:25] {jdetente} that's pretty good
[12:38] {thomcbell} vad FB 29 break?
01[12:38] {Threei}  yes
[12:38] {thomcbell} looks pretty good to me
[12:38] {thomcbell} if holding 29 OBVIOUSLY
[12:39] {thomcbell} 29.10 RATHER
01[12:39] {Threei}  right
01[12:39] {Threei}  I like it
01[12:52] {Threei}  wow
[12:54] {dptl} missed
[12:55] {Will49} me too
[12:55] {thomcbell} fb 1:1
[13:02] {dino} 07 red
[13:03] {thomcbell} cleaning up rest of FB 28.83
01[13:03] {Threei}  wtg
[13:03] {jdetente} good job
[13:03] {dino} gj
01[13:06] {Threei} Short Setup: CAT  .90 break
01[13:06] {Threei}  If holds  98
01[13:06] {Threei}  aggressive for .80 break
01[13:06] {Threei}  target 1:3
01[13:18] {Threei}  1:1
01[13:20] {Threei}  1:2
[13:20] {scottie} +.19 tks Vad
01[13:21] {Threei}  yw but 1:3 is coming
[13:21] {scottie} Didn't partial at 1:1 so I'm pleased with the trade :)
01[13:22] {Threei}  ahhh... rules violator :)
01[13:22] {Threei}  where is my police sire sound
01[13:22] {Threei}  siren
01[13:22] {Threei}  1:3
[13:22] {scottie} sorry, won't do again
01[13:22] {Threei}  out
[13:22] {dptl} out cat ty
[13:22] {Will49} out tks vad
01[13:22] {Threei}  yw
[13:22] {jdetente} beautiful ty!
01[13:23] {Threei}  ese is missing out
[13:25] {jdetente} filled last cover at 1:3.5
[13:25] {jdetente} thanks again Vad
[13:25] {dptl}  EL .40 sh?
01[13:26] {Threei}  not sure
01[13:26] {Threei}  getting patienter jd? :)
[13:26] {jdetente} trying :)
01[13:28] {Threei}  visual: http://goo.gl/HnMjj
[13:30] {dptl} HES .50 sh?
01[13:31] {Threei}  yes, hl
[13:33] {scottie} SE l .25 ?
[13:33] {scottie} late
[13:38] {dptl}  hes valid still
[13:46] {thomcbell} arun 22.21 break if holding 22.16
[13:50] {dptl} out half hes
[13:51] {thomcbell} arun got stopped thru 22.16
[13:55] {thomcbell} bbry spike
01[13:58] {Threei}  BBRY CEO: so far sales of new BB10 models in Canada have exceeded prior launch performances by 50%, and UK sales are doing much better than prior product launches
01[13:59] {Threei}  RIMM topped around 18.30 on daily
01[14:00] {Threei}  while BBRY hasn't overtaken that high, I consider all this a marketing noise
[14:02] {dptl} ETN 59 short?
01[14:03] {Threei}  yes
[14:16] {scottie} BVN s .40 ?
01[14:16] {Threei}  yes, if SPY retturns to dpwntrend
[14:20] {nemo} http://ibankcoin.com/news/2013/02/06/u-s-to-offer-floating-rate-paper/?utm_source=wordtwit&utm_medium=social&utm_campaign=wordtwit
[14:20] {nemo} canary in the coal mine
[14:23] {Will49} who ETN
[14:23] {Will49} whoa
[14:23] {nemo} that would be opening Pandora's Box, on the other hand, gov't would have to get their shit straight damn quick
[14:29] {scottie} YELP on pullback ?
[14:33] {dino} out csgs -.11, thing won't move
01[14:33] {Threei}  hmmm
01[14:33] {Threei}  can't tell YELP
[14:33] {scottie} ok
[14:33] {dino} gotta hop early today. decent morning (4 of 5). thx all
[14:34] {Will49} be good dino
[14:34] {scottie} dino
[14:34] {dino} :)
01[14:34] {Threei}  take care dino
01[14:58] {Threei}  joke pretty much corresponding with our "patience" mantra:
01[14:58] {Threei}  Lord, give me patience... now please!
[15:01] {Will49} everybody's napping
01[15:03] {Threei}  OK, let's see if this one works:
01[15:03] {Threei}  According to doctors performing autopsy, a man's inner beauty is grossly exaggerated
[15:03] {Will49} Ok....ha ha ha
[15:03] {scottie} lol
[15:04] {jdetente} Where's the crickets sound??
[15:04] {jdetente} :)
[15:06] {dptl} wll .85 long?
[15:06] {dptl} WLL
01[15:07] {Threei}  hl, yes
[15:07] {Will49} all is well...DP wants to trade
01[15:07] {Threei}  hehe
[15:13] {dptl} got to go...see ya tomorrow all
[15:13] {scottie} dp
[15:13] {Will49} cheers dp
01[15:13] {Threei}  take care dp
[15:25] {jdetente} Going to call it a day. Another nice profitable day. :)
01[15:25] {Threei}  :)
[15:27] {scottie} ETN l .40 ?
[15:28] {scottie} late again
01[15:28] {Threei}  not sure
[15:28] {scottie} ok
01[15:31] {Threei} Short Setup: BBRY  16 break
01[15:31] {Threei}  If holds  .10
01[15:35] {Threei}  Invalidated
01[15:42] {Threei}  A strong frontal system approaching the South Coast will bring high winds beginning this afternoon to areas along the Vancouver Island side of the Strait of Georgia. Winds will rise to southeast 60 to 80 km/h this afternoon
01[15:42] {Threei}  careful out there will
[15:43] {Will49} got my rain gear ready
01[15:43] {Threei}  don't want you to land somewhere in Seattle
[15:43] {Will49} Carolyn will hold me down :)
01[15:53] {Threei}  OK guys, time has run out
[15:54] {Will49} TTFN everybody
01[15:54] {Threei}  BBRY saved by the bell
01[15:54] {Threei}  thank you all, have a great evening
01[15:54] {Threei}  see you tomorrow
[15:54] {scottie} gn see you all tomorrow