Feb 13 2013

After brief interruption, we are back to our usual programming with nicely profitable day. FB long, LVS short, a few more... while stops were very tight and couldn't spoil the day at all.


Session Time: Wed Feb 13 00:00:00 2013
[08:42] {thomcbell} gm
01[08:42] {Threei}  tbell :)
[08:51] {patel} GM
01[08:52] {Threei}  patel :)
[08:56] {patel} Where is everyone?
01[08:57] {Threei}  sound asleep?
[08:57] {patel} I had to get up and get to work.
01[08:57] {Threei}  most come in on last 15 - 20 min
[08:58] {patel} Let's see how the presidential stocks moved this morning.
01[08:59] {Threei}  like what?
[08:59] {patel} MAN, RHI, MHH - job related stocks
[09:00] {patel} LMT, NOC, RTN, GD - defense related
[09:00] {patel} no activity in none of those stocks.
01[09:00] {Threei}  nope
01[09:00] {Threei}  nothing material happened, another propaganda speech
[09:01] {patel} agreed
01[09:02] {Threei}  poor CLF
[09:04] {patel} CLF has strong support at 31.12 and 28.01
[09:05] {dino} gm
01[09:06] {Threei}  dino :)
[09:07] {patel} RAX
[09:13] {ese} mornin
01[09:13] {Threei}  ese :)
01[09:13] {Threei}  http://www.salon.com/2013/02/06/is_facebook_over/
01[09:13] {Threei}  you'll like this one ese
[09:14] {jdetente} Good morning!
01[09:14] {Threei}  jd :)
[09:17] {Will49} good morning
01[09:17] {Threei}  will :)
[09:18] {scottie} good morning
01[09:18] {Threei}  scottie :)
01[09:18] {Threei}  dino, cipher... CLF for ya
[09:19] {ese} well well well.........i fall under all of those categorys as to why I would never use it........have never been on it .....never will
[09:19] {nemo} what did I mis
[09:19] {nemo} miss?
[09:20] {ese} what that means at this point is that the NSA(ultra secret spy people) don't have my personel information
[09:20] {cipher} gm
01[09:20] {Threei}  cipher :)
01[09:21] {Threei}  why would we tell you that nemo... we hurried to discuss it all while you were away
[09:23] {nemo} you're kidding, right ese?
[09:23] {ese} about facebook......have hated the thing ever since it came out
01[09:23] {Threei}  many did, and do...
01[09:24] {Threei}  but if you think yiou have privacy since you haven't been there... try to google yourself :)
[09:24] {ese} even more so when i read that NY times (I think...don't quote me) about him giving up peoples personel info to the nsa
01[09:25] {Threei}  and I strongly disagree with you about hating facebook... I hate all social networks indiscriminately
[09:25] {ese} lol
01[09:25] {Threei}  I don't know why you'd make an exception for them :)
[09:25] {dptl} gm
01[09:25] {Threei}  dp :)
[09:25] {ese} ddddddddddddpppppppppppppp!!!!!!!!!!!!
[09:26] {dptl} :)
[09:27] {ese} and.............I only disclose all my personel....deep dark secrets here on this board..........
01[09:32] {Threei}  nice bounce CLF
[09:32] {nemo} DE wtf
01[09:33] {Threei}  Hearing chatter G7 may be considering potential restrictions on US treasury purchases by Japan
01[09:33] {Threei}  wow
01[09:33] {Threei} Short Setup: FB  .65 break
[09:33] {nemo} currency wars
01[09:34] {Threei}  If holds  .75
01[09:34] {Threei}  yeah but G7 telling a country what it can and can't buy?
[09:35] {ese} that is a wow
01[09:35] {Threei}  1:1
[09:35] {scottie} +.10 tks Vad
[09:35] {ese} they've been on facebook too long
01[09:35] {Threei}  :)
[09:38] {cc_8} Ahead of Groupon’s fourth-quarter report later this month, Sterne Agee upgrades the online discount purveyor to buy and sets a $9 price target.
[09:38] {cc_8} Among the companies with shares expected to actively trade in Wednesday’s session are Comcast Corp. (CMCSK, CMCSA), Bankrate Inc. (RATE) and Trulia Inc. (TRLA).
01[09:38] {Threei}  CLF...
01[09:39] {Threei}  looks like another sharp dive is coming but should hold .50
01[09:39] {Threei}  where it should be a long
01[09:39] {Threei}  not for faint heart
01[09:39] {Threei}  dino/cipher stock
[09:40] {nemo} Up Up and Away goes the market
01[09:43] {Threei}  here comes the dive
[09:43] {ese} clf is going to be a buy at some point........
01[09:44] {Threei}  [09:39] {Threei} looks like another sharp dive is coming but should hold .50
01[09:44] {Threei}  [09:39] {Threei} where it should be a long
01[09:44] {Threei} Long Setup:  CLF  .60 break sm
01[09:44] {Threei}  If holds  .45
01[09:44] {Threei}  for fast traders only
01[09:45] {Threei}  takes too long
01[09:45] {Threei}  this kind should bounce faster
01[09:46] {Threei}  no go
[09:46] {ese} stupid man........it beats revs and earnings and raises out look and is dn 6 bills
[09:46] {dino} htsi sm s .06
[09:47] {dino} secondary ese
01[09:47] {Threei}  noticed secondaries ese?
[09:47] {ese} opps...what'd i miss
01[09:47] {Threei}  mixed securities of indeterminate amount
[09:48] {dino} also huge write off and decreaesed div
[09:48] {dino} nice spellig
[09:48] {dino} lol
[09:48] {ese} hmmmmmmmm
01[09:48] {Threei}  more like suddden seizure, lol
[09:49] {cc_8} Overnight action: Australian stocks hit 34-month high; CFTC delays swaps vote; Comcast’s night of big spending; Nikkei’s rise fueling Japanese IPOs; Wheat prices hit seven-month low.
01[09:49] {Threei} Long Setup:  GE  .25 break
01[09:49] {Threei}  If holds  .20
01[09:50] {Threei}  aggressive for .30
[09:50] {dino} htsi stop -.21
01[09:51] {Threei}  Invalidated
[09:52] {dino} rkus sm l .75 pulp
[09:53] {dptl} dish long?
01[09:54] {Threei} Short Setup: CAT  .10 break hl
01[09:54] {Threei}  If holds  .20
[09:54] {ese} L akam .53
01[09:54] {Threei}  DISH, yes
01[09:55] {Threei}  good chart in all time frames
01[09:57] {Threei}  keep stop under .90, and don't scalp it
01[09:58] {Threei}  it can do 1:4 withy any SPY help
01[10:00] {Threei}  no go CAT
[10:00] {dptl} stopped cat
01[10:00] {Threei}  1:1 DISH
[10:02] {patel} Whipsaw
01[10:03] {Threei} Long Setup:  FB  .80 break
01[10:03] {Threei}  If holds  .70
01[10:04] {Threei}  target 1:2
[10:04] {dino} rkus stop -.35
[10:07] {dino} clf sm l .00 stop lod
[10:10] {dptl} stil .70 stop fb?
01[10:10] {Threei}  .74
[10:12] {dino} wtf rkus, stops me and runs .80
[10:13] {ese} just lookin at that double bottom ...rkus
01[10:14] {Threei}  1:1
[10:14] {dptl} out half ty
[10:14] {scottie} half out tks Vad
01[10:15] {Threei}  let's see if it gathers enough audacity for the second leg
01[10:15] {Threei}  DISH lost the plot
01[10:15] {Threei}  too bad, had great potential
01[10:15] {Threei}  but as jd says... we have more money after this trade than we did before
01[10:17] {Threei}  oh well
[10:17] {scottie} out fb
01[10:17] {Threei}  again... as jd says :)
[10:18] {dptl} out
01[10:18] {Threei}  poor BBRY
01[10:18] {Threei}  this is not a daily chart of an instant winner
[10:19] {ese} am watchin it............up and dn like a rockeet for sure
[10:19] {ese} lots of indecision there
[10:20] {ese} analyst price targets of 22
[10:21] {dino} ezch drop
[10:21] {dino} clf stop
[10:21] {scottie} MRO l 35 ?
[10:21] {ese} ezch a sketch?
[10:22] {dino} ezch sm l .70 pulp
01[10:22] {Threei}  I doubt it, MRO... doesn't look energetic enough
[10:23] {scottie} ok
[10:24] {ese} do it akam..............you know you want to provide me with retirement income.......
[10:24] {dptl} aig?
[10:24] {ese} good boy
[10:24] {ese} you as well dp.........good boy
[10:24] {dino} ezch stop.
[10:25] {dino} i suck today, taking break
01[10:25] {Threei}  AIG worth a shot but most likely scalp only, maybe even less than 10 cents
[10:25] {ese} i've had days like that dino............plenty of days like that
01[10:26] {Threei}  I don't know what you are talking guys, I never ever ever had days like that
01[10:26] {Threei}  ever
01[10:26] {Threei}  at all
[10:26] {ese} ?
[10:26] {scottie} JCI l 32 ?
[10:26] {dino} bitch of it is 2 of 4 stops were rinses
[10:26] {ese} ohhhhhhhhh................your just kidding
01[10:27] {Threei}  after little pullback or some more connsolidation, JCI
[10:28] {scottie} tks
[10:29] {jdetente} CLF just continuing to get shellacked
[10:29] {ese} is it ever
[10:29] {jdetente} tempted to take a long very small shares
[10:30] {ese} wait on it jd...........imo........showing no strenght whatsoever right now
[10:30] {jdetente} tempted...not taking it
[10:32] {dptl} wlp .20 long?
[10:32] {patel} any read on RAX
01[10:33] {Threei}  can't tell WLP
[10:33] {patel} If it gets down to 60 it should bounce
01[10:33] {Threei}  60?
01[10:33] {Threei}  2 bucks from here
[10:33] {patel} yeah
[10:33] {patel} 200 MA is right around 60
01[10:33] {Threei}  you need a fortune teller for that, not a chart reader :)
[10:34] {patel} lol
01[10:34] {Threei}  there are a lot of other factors aside of 200 MA
[10:34] {ese} wlp
[10:35] {ese} opps........you guys are already there
[10:35] {dptl} no
[10:36] {ese} mrkt loosing steam
[10:37] {thomcbell} short setup aig 38.90 break if holding 39
01[10:38] {Threei} Long Setup:  CAT  .90 break
01[10:38] {Threei}  hl
01[10:39] {Threei}  If holds  .70
01[10:39] {Threei}  .80 that is
[10:39] {scottie} .70 ?
[10:39] {scottie} ok
[10:39] {ese} check out the slide KO has just put on
[10:40] {dptl} DG .65 short?
01[10:40] {Threei}  hl
[10:41] {dino} ezch sm l .85 wide
[10:45] {dino} ssys drop
01[10:46] {Threei}  DG 1:1
[10:46] {dptl} out .52
[10:46] {scottie} gj dp
[10:46] {dptl} ty
01[10:47] {Threei}  (US) White House issues memorandum to Congress requesting establishment of a $2B trust to promote cleaner sources of energy
01[10:47] {Threei}  seriously?
[10:47] {dino} htsi sm s .50
01[10:47] {Threei}  more Solyndras, A-1s and Teslas?
[10:48] {scottie} GE s .30 if holds .35 ?
01[10:48] {Threei}  Euro vs US Dollar Weakens to session lows- Dealers are noting vague chatter of an unconfirmed ECB dovish think tank report as well as speculation Feb US nonfarm payrolls could reach 300K
01[10:48] {Threei}  I think so, GE, but don't count on much
[10:49] {scottie} tks
01[10:49] {Threei}  notice how this bastard invalidated our .25 long, then worked like charm
[10:49] {ese} they need that cleaner sourses fund vad..............just think of the polution I create the mirriad times times i come over to your house
[10:50] {thomcbell} ezch kind of interesting me here
01[10:51] {Threei}  they need to stop throwing taxpayers money to their cronies, ese
01[10:51] {Threei}  technology will be deveoped if it's viable
[10:52] {ese} yup
[10:52] {thomcbell} ezch - no more
[10:53] {scottie} AZN s 46 ?
01[10:53] {Threei}  not sure
01[10:53] {Threei}  rather no
[10:53] {scottie} ok
[10:53] {ese} ya gotta like the way akam does not following the mrkt here
[10:55] {cipher} dltr l .80
[10:55] {cipher} out .90
[10:55] {cipher} sfly l .97
[10:57] {thomcbell} aig invalidated
[10:57] {dptl} NEM short?
[10:58] {cipher} out sfly +.01
01[10:59] {Threei}  NEM, yes, just a scalp
[10:59] {dptl} .04? aggresive?
01[11:01] {Threei}  don't know, that's a personal preference
[11:05] {cipher} ezch l .23
[11:07] {cipher} out .15 -.08
[11:08] {cipher} ezch l .15
01[11:09] {Threei} Long Setup:  MSI  .40 break hl
01[11:09] {Threei}  If holds  .30
[11:10] {cipher} out ezch .21 +.06
[11:12] {cipher} ezch s.00
[11:13] {cipher} cov .73
[11:15] {dino} htsi stop
[11:15] {ese} akam hod
01[11:17] {Threei}  anyone played AIG?
01[11:17] {Threei}  did better than I expected it to
[11:18] {Will49} not here
[11:18] {dptl} AFL 49 short?
01[11:19] {Threei}  what the deuce
[11:19] {cipher} nile l .94
01[11:19] {Threei}  AFL, yes
01[11:20] {Threei}  (IE) International Swaps and Derivatives Association (ISDA) declares Anglo Irish bankruptcy a credit event
[11:23] {dptl} in afl .99
[11:23] {dptl} stop .11
[11:25] {ese} big mrkt slide
[11:25] {ese} it's affecting my retirement income
01[11:25] {Threei}  whole continents are crying for you
01[11:25] {Threei}  Africa is, I am sure
[11:26] {ese} speaking about ....all about me..........nemo........how ya doin after that snow storm
01[11:26] {Threei}  he made a shelf in all that snow and put beer in it
[11:26] {ese} lol
[11:26] {nemo} nice one ese...I appreciate that, smooth, relatively subtle, clean
[11:27] {patel} lol
[11:27] {nemo} I don't really drink beer
[11:27] {ese} tks
[11:27] {nemo} not enough bang for the buck
[11:27] {ese} i've learned from the master
01[11:27] {Threei}  but thoroughly diluted with vodka, it multiplies effect
[11:27] {ese} yuk
[11:27] {nemo} I'm drying out for New Year's on Friday
[11:28] {ese} starting? or for?   friday
[11:28] {nemo} for
01[11:28] {Threei}  you are like a first year student in soviet university... saying "beer without vodka is money wasted"
01[11:29] {Threei}  to which second year one answers:
[11:29] {ese} phew!....good
[11:29] {ese} ?
01[11:29] {Threei}  so is watermelon, but try to inject it with vodka, and it doubles the effect!
01[11:30] {Threei}  AFL is almost at 1:1
01[11:30] {Threei}  I'd trail a stop to .05 here dp
[11:30] {dptl} should i move stop to .05?
[11:30] {dptl} :)
01[11:31] {Threei}  heh... tell me I am not reading your mind
[11:31] {dptl} or i am yours
01[11:31] {Threei}  or that
01[11:31] {Threei}  but the scariest thing is when I read nemo's...
01[11:32] {Threei}  now, that's going to give one nightmares
[11:32] {ese} lol
01[11:32] {Threei} Long Setup:  FB  .63
01[11:33] {Threei}  If holds  .55
01[11:33] {Threei}  a bit too fast break...
[11:34] {Will49} I'll say
01[11:34] {Threei}  see if pulls back for entry
[11:34] {dptl} stopped afl
[11:35] {dptl} 2 c to 1:1 couldnt do it
[11:38] {dptl} here it is fb
01[11:39] {Threei}  .54 stop
01[11:39] {Threei}  SPY should double-bottom here
01[11:40] {Threei}  unless there is something more than meets the eye to this sudden drop a few min ago
[11:40] {thomcbell} can u believe this ezch was green today
01[11:41] {Threei}  which is quite possible, I find it hard to believe that Irish news was the sole reason for such dump
[11:41] {dptl} in .61 fb
01[11:41] {Threei}  that's some bar on daily tbell, lol
[11:42] {thomcbell} bananas
[11:44] {cipher} out nile .39 +.45
01[11:45] {Threei}  FB put in nice bottoming formation but real test will be its ability (or lack of such) to break .70
01[11:45] {Threei}  nice one cipher
[11:45] {cipher} ty
[11:47] {cc_8} An exclusive from GreekReporter.com reports that Hillary Clinton will seek the Democratic nomination in the 2016 presidential election and they have the sources to prove it. .
[11:47] {ese} rotflol............the greek reporter
[11:48] {ese} thats hilarious
[11:48] {Will49} Hillaryareous
[11:48] {ese} everyone and their dog know she was going to run
[11:48] {ese} good one will
[11:48] {Will49} :)
01[11:49] {Threei}  they can nominate whoever they want - republicans will find a guy appealing to voters like raw 3-days dead fish to French gourmet restaurant patron, to make sure they lose the election
[11:49] {dptl} DVN .30 short?
01[11:49] {Threei}  no read DVN
[11:50] {Will49} sounds like you're bitter Vad
01[11:50] {Threei}  nope, realistuc
[11:50] {ese} double B bbry
01[11:52] {Threei}  with this economy and unemployment and many other blunders by WH, it was a difficult taskk to find the way to lose this election - and republicans did find it
01[11:52] {Threei}  so I believe in them
[11:53] {Will49} lol
01[11:53] {Threei}  it's not like they'll lose all their skills in 3 years, right?
[11:53] {ese} nice..........thats my kinda reasoning
01[11:54] {Threei}  they will carefully look at all their cadndiates and pick one with the least chance of winning
01[11:55] {Threei}  they they'll make sure he runs lukewarm campaign
01[11:55] {Threei}  while other candidates undermine him with idiotic tirades about various social issues
01[11:55] {Threei}  see? skills!
01[11:56] {Threei}  move your butt FB
[11:56] {dptl} twx .35 short?
01[11:57] {Threei}  yeah
01[11:57] {Threei}  let's try it again:
01[11:57] {Threei}  move your butt FB
01[11:58] {Threei}  let's offer half just under .70 anf try to make a play for break and run
01[11:58] {Threei}  which is not much different from break and enter
01[11:59] {Threei}  this is pretty much how nemo and I played the bar on the boat in Bahamas... one was breaking, the other entering
[11:59] {nemo} hehehehe
01[12:00] {Threei}  by the time I realized how much vodka he poured in me and remembered that I was so speak tomorrow, frpm 9 am for the whole day, it was too late to stop
[12:00] {nemo} yeah...all my fault
01[12:02] {Threei}  who climbed the table and stepped over dishes and dining ladies and gentlemen to reach the bar faster?
[12:02] {nemo} well, I'm a bit more sprightly than you
01[12:03] {Threei}  oh, and who returned with two glasses of vodka for me instead of one, saying "just to save another trip..."?
01[12:03] {Threei}  and then made another trip anyway?
[12:03] {nemo} efficiency of entry and exit
01[12:04] {Threei}  sheesh FB... while we are young please?
[12:08] {dptl} wlp .20 long?
01[12:09] {Threei}  hl
[12:09] {dino} hsp drop
01[12:09] {Threei}  should be 1:2
01[12:16] {Threei}  1:1
01[12:20] {Threei}  drive to 1:2 starts
01[12:24] {Threei}  (EU) EU's Rehn: ongoing economic weakness in Europe is related to the continuing deleveraging process; must continue fiscal consolidation- Countries may be awarded longer periods to fix deficit problems assuming growth unexpectedly declines - Will only be provided time if they can address structural issues
01[12:24] {Threei}  and if not?
01[12:24] {Threei}  heh
01[12:25] {Threei}  ohm this is a beauty... want some good laugh?
01[12:25] {Threei}  (US) Treasury Sec Nominee Lew: China's Yuan remains undervalued; would maintain a strong USD policy if confirmed- Believes US has pushed back hard on China currency issue
01[12:25] {Threei}  maintain a strong USD policy???
01[12:26] {Threei}  second half stopped on a trail, WLP
[12:26] {patel} stop on FB
01[12:26] {Threei}  still .54
01[12:30] {Threei} Long Setup:  AIG  39 break
01[12:30] {Threei}  If holds  .95
[12:35] {jdetente} kicking FB into gear
01[12:36] {Threei}  half out
01[12:36] {Threei}  1/4 more out
[12:36] {dptl} out fb ty
[12:36] {patel} damn
[12:36] {patel} that was freaking fast
[12:36] {patel} sheesh
[12:36] {thomcbell} what is that move
01[12:36] {Threei}  you complaining?
[12:36] {patel} no
01[12:37] {Threei}  feels like news-caused but I see no news
01[12:37] {Threei}  1:3, out
[12:37] {patel} geez
01[12:37] {Threei}  ah, the joy of being positioned in advance for such move
01[12:39] {Threei}  interesting, still no news
[12:39] {patel} its going to rip through 28
[12:40] {thomcbell} they were jst on tv apparently
01[12:40] {Threei}  ah, OK
01[12:40] {Threei}  CNBC?
[12:40] {thomcbell} i think so
01[12:40] {Threei}  or Bloomberg?
[12:40] {thomcbell} ezch looks like a 24.96 short break here
01[12:40] {Threei}  I haven't had either on
[12:40] {thomcbell} big head and shoulders type problem
[12:40] {thomcbell} not playing
[12:41] {patel} time to put AIG on the tv.
01[12:41] {Threei}  lol
[12:44] {dptl} ntap .15 long?
01[12:46] {Threei}  mmm
[12:46] {dptl} got .17 half lot
[12:50] {dino} .
01[12:50] {Threei}  ese... with all our distaste for FB as company, you can't deby that its stock made our day today, can you? :)
01[12:50] {Threei}  deny
[12:50] {jdetente} excellent trading
[12:50] {jdetente} tty
01[12:50] {Threei}  NTAP works
01[12:50] {Threei}  yw sir
01[12:54] {Threei}  wow
01[12:54] {Threei}  that's a whole lot more than looked possible
[12:54] {jdetente} let's kick AIG into gear now...
[12:55] {jdetente} or not
01[12:55] {Threei}  meh
[12:55] {dptl} stopped aig
[12:57] {dino} ezch sm l .51
01[13:00] {Threei}  CLF... time to start watching ikt for some squeeze I think
[13:01] {dino} 30 trigger was thinking
01[13:01] {Threei}  yes but aggressive might be a good idea
01[13:01] {Threei} Long Setup:  CLF  .85 break hl
01[13:02] {Threei}  If holds  .75
01[13:02] {Threei}  not for faint hearts
01[13:02] {Threei}  target 30.45 or so
01[13:05] {Threei}  btw, that FB news that made a play for us:
01[13:05] {Threei}  Omega's Cooperman Discloses new ownership of 3.1M shares of Facebook
01[13:06] {Threei}  I think it's very silly of you, mr cooperman, but I sincerely thank you
[13:08] {dptl} out ntap .49
[13:08] {patel} nice job
[13:08] {Will49} excellent dp
[13:09] {dptl} thanx
[13:16] {dino} gj
01[13:22] {Threei}  not ready yet
[13:22] {dptl} stoped clf
[13:25] {dptl} qcom ..50 l?
01[13:26] {Threei}  I hate QCOM
01[13:26] {Threei}  talk to tbell
01[13:26] {Threei}  he loves it
[13:26] {dptl} lol
[13:27] {thomcbell} i stopped trading it
[13:27] {thomcbell} i was converted
[13:27] {dptl} ok i'll remove it from my list :)
[13:27] {patel} lol
01[13:28] {Threei}  why... maybe your personalities match...
01[13:28] {Threei}  meet it... talk to it...
[13:28] {Will49} I hate AIG
[13:28] {dptl} no
01[13:28] {Threei}  look in its eyes
01[13:28] {Threei}  hold its hand
[13:28] {thomcbell} aig i like - im not surprised that it cant get going today - that was a nasty day yesterday
[13:28] {ese} I....................am.......................outta.......................here....................catch you all tomorrow........got the stop loss in for AKAM at .00 and we'll see what happens to my retirement fund by the end of the day
[13:29] {Will49} cheers ese
01[13:29] {Threei}  take care ese
[13:29] {ese} cya will vad et al
[13:29] {dptl} ye i hate wfc sounds like wtf to mee
[13:30] {Will49} lol
01[13:30] {Threei}  everyone is so touchy-feely
01[13:30] {Threei} Short Setup: LVS  .90 break
01[13:30] {Threei}  If holds  .54
[13:33] {dptl} hes .10 long?
[13:34] {dino} out ezch .63, +1.13
[13:34] {thomcbell} you dog
[13:34] {thomcbell} i got run over in it today - 2x
01[13:34] {Threei}  wtg
[13:34] {dino} still neg overall on it
[13:35] {patel} MSI
[13:35] {thomcbell} recidivism
01[13:35] {Threei}  HES, na'h
[13:35] {patel} MSI
[13:35] {patel} opps
[13:35] {patel} sorry
[13:36] {patel} meant to put it in my platform
01[13:36] {Threei}  too late
01[13:36] {Threei}  now e know what you are thinking
[13:41] {dptl} duk
[13:41] {dptl} .60 shhort?
[13:42] {Will49} thought you were cursing dp
01[13:42] {Threei}  lol
[13:42] {dptl} lol
01[13:42] {Threei}  and yes
[13:45] {dptl} what about jpm sh?
01[13:45] {Threei}  no read... too narrow
[13:45] {dptl} ok
01[13:46] {Threei}  look at all the stocks mentioned over last, I don't know... 30 min, 1 hour
01[13:46] {Threei}  none of them moved anywhere
01[13:46] {Threei}  QCOM 2 cents
[13:46] {dptl} ye.....i'll step out for for a bit :)
01[13:47] {Threei}  HES, same place
[13:48] {dino} ezch sm l .00
01[13:50] {Threei} Long Setup:  WDR  42 break hl
01[13:50] {Threei}  If holds  .90
[13:57] {dino} ezch stop -.23
[14:03] {dino} rinsed
[14:08] {thomcbell} cmcsa all day long downtrend
01[14:13] {Threei}  took just 40 minutes for QCOM to move nowhere. That's fast
[14:15] {dptl} fslr .40 short looks good to me....no?
01[14:15] {Threei}  BBRY... it's better make double bottom around 14 and bounce, or this will turn into disaster in the making
01[14:16] {Threei}  half lot is a valid try on FSLR
01[14:20] {Threei}  WDR is holding nicely during market drop
[14:21] {jdetente} CLF...jeez
01[14:21] {Threei}  damaged goods
01[14:27] {Threei}  1: 1 FSLR
[14:27] {dptl} no fill yet
01[14:27] {Threei}  this is so unpatriotic... just next day after president issued a large portion of hot ait about climate change and green companies
[14:30] {jdetente} WDR still on the table if it breaks 42?
01[14:30] {Threei}  yup
[14:33] {dptl} out some fslr
01[14:33] {Threei}  unpatriotic... I am telling you
01[14:41] {Threei}  dp, you need to do some redempltion of your sins - buy 10K shares of AONE
01[14:41] {Threei}  Invalidated  WDR
[14:45] {dptl} heh..its not trading
01[14:46] {Threei}  who said redemption is easy? find the company office, contact them, beg for shares...
[14:46] {dptl} :)
01[14:46] {Threei}  you enjoyed sinning
01[14:46] {Threei}  payback time
01[14:47] {Threei}  and payback as well know is a b*tch
01[14:48] {Threei} Short Setup: LVS  .75 break
01[14:49] {Threei}  If holds  .85
01[14:54] {Threei}  1:1
01[14:55] {Threei}  must give 1:2 or my name is not Georgio Costanzietto
[14:56] {Will49} haha
[14:56] {jdetente} this is not a flattering self portrait
[14:56] {jdetente} http://www.seinfeld-fan.net/pictures/george/george_costanza015.jpg
01[14:57] {Threei}  not at all
[14:57] {dptl} lol
01[14:58] {Threei}  here is my answer to you jd:
01[14:58] {Threei}  http://www.realitytrader.com/vad/soupnazi.png
[14:59] {jdetente} lol
01[15:02] {Threei}  1:2 baby
[15:02] {dptl} out ty
01[15:02] {Threei}  yw
[15:03] {dptl} i just took half lot
[15:03] {jdetente} Georgio Costanzietto it is
[15:03] {jdetente} ty
[15:04] {patel} nice thanks
01[15:04] {Threei}  yw
01[15:04] {Threei}  and yes
[15:04] {Will49} tks Vad nice trade
01[15:04] {Threei}  the name is secure
[15:05] {dptl} got to go....see ya tomorrow all
01[15:05] {Threei}  take care dp
[15:07] {Will49} see ya
[15:22] {dino} adding clf for swing
[15:22] {dino} adding ezch for swing
01[15:23] {Threei}  one thing is for sure dino... no one will ever call you a coward
[15:23] {dino} :)
[15:23] {dino} in at .25 both
[15:32] {nemo} http://www.readingthescore.com/wp-content/uploads/2013/02/cute-rabbit-falling-asleep.gif
01[15:32] {Threei}  lol
01[15:34] {Threei} Short Setup: GDX  .25 break
01[15:35] {Threei}  btw, in case I forget... this is one to watch for short tomorrow as well
[15:47] {patel} stop on GDX
01[15:47] {Threei}  .31
[15:47] {patel} target 1:1
01[15:48] {Threei}  well, time is a factor
[15:48] {patel} yeah
01[15:48] {Threei}  so might have to close it earlier
01[15:54] {Threei}  die GDX
01[15:54] {Threei}  time's running out
01[15:57] {Threei}  3 min
[15:57] {patel} i got out at .19
01[15:57] {Threei}  2
01[15:58] {Threei}  OK, out too
01[15:58] {Threei}  saved by the bell, GDX
[15:58] {Will49} great day Vad..tks
[15:58] {patel} 1 cents away from 1:1
01[15:58] {Threei}  we are back on winning streak
01[15:58] {Threei}  after brief interruption
01[15:58] {Threei}  thank you all
[15:59] {jdetente} Good calls Vad. Back on track
01[15:59] {Threei}  have a goiod evening, see you tomorrow
[16:00] {dino} gn

Feb 12 2013

Interesting day for us - first one in almost 3 weeks where we haven't finished in black. Not unhappy with it though - we started with solidly red morning, and then methodically and carefully clawed our way back in to flat or just very slightly in red. Can't win them all so gotta make sure you handle losing days right - in cold blood, minimizing damage and making sure there is no lasting scars. Tomorrow is a new day. 

Session Time: Tue Feb 12 00:00:00 2013

[08:58] {dino} gm

01[08:58] {Threei}  dino :)

[09:06] {cipher} gm

01[09:07] {Threei}  cipher :)

[09:11] {Will49} gm

01[09:11] {Threei}  will :)

[09:14] {scottie} good morning

01[09:14] {Threei}  scottie :)

[09:14] {jdetente} gm

01[09:15] {Threei}  jd :)

[09:18] {patel} Good Morning!

01[09:18] {Threei}  patel :)

01[09:20] {Threei}  FB tries to recover from overnight hit

[09:29] {dptl} gm

[09:29] {ese} gm

[09:29] {ese} forgot to sign in almost

01[09:30] {Threei}  dp, ese :)

[09:30] {cipher} AMGN L.44

[09:31] {dino} rgr drop

[09:32] {cipher} out amgn .00 +.56

[09:32] {Will49} that's the way to start cipher

[09:33] {cipher} ty

[09:33] {dino} nice

01[09:33] {Threei} Long Setup:  CAT  .90 break hl

01[09:33] {Threei}  If holds  .80 

01[09:34] {Threei}  yeah... good luck ebtering that, lol

[09:34] {dptl} lol..ye no ebter

[09:35] {patel} definitely missed that one. 

01[09:35] {Threei} Short Setup: SLW  36 break

[09:35] {thomcbell} xone wow 

01[09:35] {Threei}  If holds  .10 

01[09:35] {Threei}  not a scalp

01[09:35] {Threei}  at least 1:2

[09:36] {cipher} gmcr l .60

[09:38] {cipher} out  .45 -.15

01[09:38] {Threei}  1:1

01[09:39] {Threei}  play by the book

[09:39] {nemo} 42.25 area for GMCR, doesn't bounce their 41.80-42 area

01[09:39] {Threei}  hopefully morning volatility doesn't shake out second half

[09:39] {nemo} there

01[09:39] {Threei}  there is good potential for it

[09:40] {nemo} finnies weak

01[09:40] {Threei}  OK

01[09:40] {Threei}  keep an eye on LVS for double bottom

[09:42] {dino} rgr hl s .20

01[09:43] {Threei} Short Setup: FB  .85 break

[09:43] {dino} cov rgr .91, +.29

01[09:43] {Threei}  If holds  .95 

01[09:47] {Threei}  LVS, ideally we get a flush to about .65 - .70, and get an entry point on .70 recross

01[09:49] {Threei}  FB, tighten stop to .91

01[09:49] {Threei}  not liking these SPY convulsions

[09:49] {dino} vmw sm l .00

[09:50] {scottie} damn fat finger, exited too soon

[09:51] {dino} cyno sm s .60

[09:52] {dino} cyno stop -.20

[09:53] {dino} rinsed, sob

[09:53] {cipher} wmv +.25 thxx dino

01[09:53] {Threei}  out

01[09:54] {Threei}  LVS bottomed at .71, not giving an entry

[09:54] {dino} out vmw .30, +.30

[09:54] {dino} np cipher, gj

01[09:54] {Threei}  *&(^%$#

[09:55] {jdetente} freakin FB

01[09:55] {Threei}  no kidding

[09:55] {patel} damn

01[09:55] {Threei} Short Setup: LVS  .80 break

01[09:55] {Threei}  If holds  .90 

[10:01] {cipher} WMV s .60

01[10:01] {Threei}  1:1let me reiterate: frikin FB

01[10:01] {Threei}  1:2

01[10:05] {Threei}  no go

[10:05] {dino} qlys sm l .25 gappy

[10:05] {patel} NOG s 14.75 

01[10:06] {Threei} Long Setup:  CAT  .40 break

01[10:06] {Threei}  If holds  .30 

[10:06] {dino} out qlys .55, +.30

[10:07] {cipher} cov wmv .50 +.10

01[10:10] {Threei} Long Setup:  BBRY  .85

01[10:10] {Threei}  If holds  .75 

[10:10] {dino} rgr hl hl s .54 ave

01[10:12] {Threei}  Invalidated  CAT 

01[10:12] {Threei}  for now at least

01[10:12] {Threei}  still liking chart for long

[10:12] {dino} cov rgr .29, +.25

01[10:14] {Threei} Long Setup:  CAT  .30 break

01[10:14] {Threei}  If holds  .20 

01[10:15] {Threei}  BBRY target 1:3

01[10:15] {Threei}  CAT too if triggers

01[10:18] {Threei}  CAT invalidated again

01[10:20] {Threei} Long Setup:  AIG  .90 break

01[10:20] {Threei}  If holds  .80 

01[10:21] {Threei}  somewhat lifeless market today

[10:21] {dino} rnf sm l .94

[10:22] {dino} cone sm l .00

01[10:23] {Threei}  one more invalidation

[10:24] {patel} LVS no go. 

[10:24] {dino} out cone .25, 

[10:24] {patel} rough start to the day. 

[10:24] {dino} +.25

[10:26] {dino} getting out rnf, no likey

[10:27] {dino} out ave .95, +.01

01[10:27] {Threei} Short Setup: CAT  .10 break

01[10:27] {Threei}  If holds  .20 

01[10:28] {Threei}  not liking this morning

[10:28] {jdetente} hell of a morning so far

01[10:28] {Threei}  then again, I liked every morning for the last 2 1/2 weeks... maybe it's just time

[10:31] {cipher} wmw s.88

[10:32] {cipher} cov .78

[10:34] {cipher} vmw s.81

[10:34] {ese} nothing like calmly making money still L akam .41 from yesterday

[10:37] {cipher} cov wmv.71

01[10:38] {Threei} Short Setup: TEX  35 break hl

[10:42] {ese} Dino?......am calling on your experience here....take a look the akam daily for me..huge uncalled for gap dn covering a gap dn and some......what kind of retracement will this do do ya figure.....not looking for anything specific ball park is good based on your experience

[10:43] {ese} back to say 39.......or maybe the whole shootin match 42

01[10:44] {Threei}  half out TEX

[10:44] {cipher} VRSK L.89

[10:47] {dino} ese, akam was a pretty good miss on earnings, theres the gap. but yes eventually it should fill.shoot for r2 36.02 to r3 36.40

[10:48] {ese} tks

[10:48] {Will49} tex scalp .11 txs 

[10:48] {scottie} LTD s .80 ?

01[10:49] {Threei}  can't tell LTD

01[10:49] {Threei}  yw will

[10:49] {cipher} tex +.15 thx

[10:49] {scottie} tks

[10:49] {Will49} bit of a grind todat :)

[10:49] {Will49} today

[10:51] {cipher} PANL  L.99

01[10:54] {Threei}  market should start some slide now

01[10:54] {Threei}  nothing dramatic but

[10:55] {dino} rnf sm l .30 stop .14

[10:55] {nemo} 31.60 support for panl

[10:56] {dino} cyno spikey

[10:57] {ese} vad did you get out to take some photos yesterday.........we were walking along Beach Drive here and there were some cool mist sceens happening

01[10:57] {Threei}  out TEX in full

01[10:57] {Threei}  .83

[10:57] {dino} rnf stopped

[10:58] {dptl} stopped cat

[10:59] {dino} rnf rinsed, happening a lot lately

01[10:59] {Threei}  aww, too soon, TEX

[11:00] {dptl} long spwr .92

[11:01] {dptl} stop under .80

01[11:01] {Threei} Short Setup: GDX  .80 break

[11:05] {thomcbell} fb looking for a short entry 

[11:07] {dino} last try rnf sm l .35

[11:07] {nemo} mpc looks short

[11:07] {dptl} gdx stop .85?

[11:08] {jdetente} why such a tight stop dp?

[11:08] {ese} vad you must be paying me back or have me on ignore......

[11:08] {nemo} looking like 30.80 it was on panl

01[11:09] {Threei}  sorry ese, scrolling up

01[11:09] {Threei}  no, haven't had a chance

[11:09] {ese} no need to appologise........can't count the number of times i've missed your posts

[11:09] {cipher} jbht l .66

01[11:09] {Threei}  why can't? 865 in last year alone, 132 this year

01[11:10] {Threei}  just ask

[11:10] {ese} on purpose of course..............ahhhhh.....I mean by accident

[11:10] {ese} lol

01[11:10] {Threei}  this I don't know, I don't have means to find that out... so I put them all in "on puprose, must be avenged" category

[11:11] {ese} lol

[11:11] {ese} indeed

01[11:11] {Threei}  GDX, give us a few cents more

[11:11] {cipher} out vrsk +.01

[11:12] {ese} awesome C

[11:12] {ese} those are sometimes the best cents you can earn

01[11:12] {Threei}  1:1

[11:12] {ese} 1/100 to 1 profit ratio

01[11:12] {Threei}  lol

01[11:13] {Threei}  out in full GDX

01[11:13] {Threei}  a bit too vertical

[11:13] {patel} nice job

[11:13] {patel} need a few more just like that. 

01[11:13] {Threei}  and want to secure some profit, to smooth out this rough morning

[11:14] {dptl} ye i am out too ty

01[11:14] {Threei}  yw

[11:14] {jdetente} thanks Vad

01[11:14] {Threei}  see ese... and you ignored this one again {G}

[11:15] {dino} out rnf .71, +.36

01[11:15] {Threei}  wtg

01[11:16] {Threei} Long Setup:  JPM  .10 break

01[11:16] {Threei}  If holds  49 

01[11:16] {Threei}  whoa FB

01[11:17] {Threei}  who pulled the rug?

01[11:19] {Threei}  ahha

[11:19] {ese} nah nah nah.......i was watching........

01[11:19] {Threei}  downgrade by soemone

01[11:19] {Threei}  with price target 22

[11:19] {ese} am more concerned with the akam slow climb

[11:20] {ese} making money the old fashion way.......earrrrnnnning it

[11:22] {cipher} out jbht .75 +.09

[11:23] {Will49} ese suggests Vad's way of making money is leading edge :)

01[11:23] {Threei}  lol

01[11:23] {Threei} Short Setup: FB  .80 break

01[11:23] {Threei}  hl

01[11:24] {Threei}  If holds  .90 

01[11:26] {Threei}  Invalidated  

01[11:27] {Threei}  btw ese, speaking of photography, look at this one I just finished: http://goo.gl/iH88d

[11:28] {dptl} spwr stopped....

01[11:28] {Threei}  that was weird trade to begin with dp

01[11:28] {Threei}  didn't like it one bit

01[11:32] {Threei}  ok JPM, time to do something

[11:35] {dino} tytgh drop

[11:35] {dino} tgh

[11:41] {dino} tgh sm l .80

01[11:41] {Threei}  JPM is in uncharted territory, dificult to assign a target

01[11:41] {Threei}  let's try for 1:2 for now

[11:42] {dino} out tgh .20, +.40

[11:44] {dino} wow, sold that too soon

01[11:50] {Threei}  GS moving up

01[11:50] {Threei}  let's see if it pulls our JPM

[11:56] {Will49} trailer hitch broke

01[11:58] {Threei}  got a rope?

[11:58] {ese} good line will

01[11:59] {Threei}  anyway. let's put stop at .04 now

[11:59] {Will49} :)

[11:59] {dino} tgh sm l .90

[12:02] {dino} idcc drop

01[12:05] {Threei}  taking .15 should launch us to 1:1

01[12:05] {Threei}  one of "patience required" trades

[12:06] {dino} idcc sm l .07

[12:06] {dino} tgh stop -.23

[12:09] {dptl} wlt long?

01[12:09] {Threei}  hear that chewing sound?

01[12:09] {Threei}  that's JPM, gnawing at .15

01[12:09] {Threei}  nah WLT

[12:10] {dptl} dont have money anyway just looking

[12:11] {dptl} you dont like that set up?

01[12:11] {Threei}  nope

[12:11] {dptl} that was .90 vbreak..why not?

01[12:12] {Threei}  look at the stock overall

01[12:12] {Threei}  what is it you like? 3 cents spread with tiny sizes?

[12:13] {dino} stop idcc -.17, taking a break

[12:13] {dptl} i see

01[12:13] {Threei}  it moves against you on someone's 1000 shares sale, you are down 15 cents before you can say mama

01[12:15] {Threei}  JPM, if you move with this blazing speed you might get blisters all over your skin

[12:16] {Will49} I've got a blister on my butt

[12:16] {Will49} from sitting watching jpm

01[12:17] {Threei}  try not to shuffle around so much?

[12:18] {dptl} vlo .65 short

[12:18] {dptl} ?

01[12:18] {Threei}  with .60 support this close, nah

01[12:18] {Threei}  if yuo want aggressive entry, take .70

01[12:19] {Threei}  at least you will have much tighter stop

01[12:19] {Threei}  with .65, you will have 10 cents stop and big IF in just 5 cents down

[12:20] {dptl} ok..i just watching for now.... till jpm clear some more funds for me

[12:20] {nemo} finnies walking a channel, expect spy and iwm to pop look for leveraged etf setup

06[12:20] * Threei sends Will a seat pillow

[12:21] {Will49} thank you sir!

01[12:21] {Threei}  very welcome

01[12:21] {Threei}  we are full service institution, you know

01[12:21] {Threei}  market calls, not funny jokes, summer parties...

[12:21] {nemo} u should be in an institution

01[12:21] {Threei}  I run it

[12:22] {Will49} we is the inmates

[12:22] {nemo} The 9th configuration

[12:22] {Will49} is that like district 9?

01[12:23] {Threei}  more like catch 22 in area 51

[12:23] {nemo} No, good movie from the 80's based on a Stephen King novel

[12:23] {Will49} i'll download it illegally

[12:24] {dptl} lol

[12:29] {dptl} tdc .30 short?

01[12:30] {Threei}  hl, lukewarm yeah

06[12:30] * Threei kicks JPM in the rear

[12:34] {Will49} will pulls pillow out from under butt and swats jpm

[12:34] {Will49} worked

[12:35] {Will49} just a little swat

01[12:35] {Threei}  again?

06[12:35] * Threei kicks JPM in the rear with heavy duty still toe army boots

[12:36] {Will49} I'm a nonviolent student trader

[12:36] {Will49} just use pillows

[12:37] {nemo} Oh Sorry, based on a William Peter Blatty novel...it's on youtube

[12:37] {nemo} http://www.youtube.com/watch?v=sZCcjzOeXlM&feature=youtu.be

01[12:38] {Threei}  not good will... lack of violence will significantly undermine your trading

01[12:38] {Threei}  1:1!

[12:38] {dptl} out half jpm

[12:38] {scottie} half out tks Vad

01[12:38] {Threei}  believe it or not

[12:38] {dptl} ty

01[12:38] {Threei}  but it did happen

01[12:38] {Threei}  and I was there

01[12:38] {Threei}  I saw it with my own eyes

01[12:39] {Threei}  ok... by the book... stop to .09, offering 1/4 at 1:2

[12:39] {scottie} This day starts to look better

[12:39] {Will49} steel toed boots and pillow trade

[12:39] {scottie} sounds like a porn movie

01[12:39] {Threei}  not dug out of the hole completely yet scottie, but moving in the right direction

01[12:40] {Threei}  lol

[12:40] {dptl} fslr .50 long?

[12:40] {nemo} excellent movie

[12:40] {Will49} tks nemo, will watch tonight

01[12:40] {Threei}  no, not likeling that setup at all

[12:40] {Will49} i love anything about redemption:)

[12:40] {dino} tyg sm l .34 ave

[12:42] {dptl} db .90 long?

01[12:43] {Threei}  dp

01[12:43] {Threei}  you have some kind of itch or what?

01[12:43] {Threei}  what's with trade after trade after trade?

01[12:43] {Threei}  all with very marginal setups?

01[12:44] {Threei}  there are about 10K stocks

01[12:44] {Threei}  it doesn't mean they all are suitable for trade or that you must trade all of the a day

[12:44] {dptl} hmm..just looking for the set ups 

01[12:44] {Threei}  you know very well how it ends when you start jumping from one to another, just to do something

01[12:45] {Threei}  most of those you look at have none

01[12:45] {Threei}  or have very low volume

01[12:45] {Threei}  or very narrow range

01[12:45] {Threei}  or too wide spreads and tiny sizes

01[12:45] {Threei}  be more picky

01[12:45] {Threei}  set your scanner p[arameters tighter

01[12:46] {Threei}  so it doesn't spit 10 alerts a minute at you

[12:46] {dino} wow, for a second there i thought you were talking to me (low vol, wide spreads)

01[12:46] {Threei}  :)

01[12:47] {Threei}  why didn't you ak about KBH a few min ago while it was consolidating under .50?

01[12:47] {Threei}  much better volume, much nicer setupm good risk

[12:48] {dptl} i see

01[12:48] {Threei}  look for this kind, drop all those weirdos

[12:48] {dptl} ok

[12:48] {Will49} or off to Siberia you go

01[12:48] {Threei}  no, I am not that cruel

01[12:49] {Threei}  he didn't even live in Winnipeg

[12:49] {Will49} close!

01[12:49] {Threei}  no survival skills for Siberia

[12:49] {dino} dp, for most part noon until 1 pm est sucks for trades

[12:52] {nemo} hah, love this:  "One of the tests is they make you dive to the bottom of a pool and tie five knots," the Shooter says. "One guy got to the fifth knot and blacked out underwater. We pulled him up and he was, like, dead. They made the class face the fence while they tried to resuscitate him. The first words as he spit out water were 'Did I pass? Did I tie the fifth knot?' The instructor 

[12:52] {nemo} told him, 'We didn't want to find out if you could tie the knots, you asshole, we wanted to know how hard you'd push yourself. You killed yourself. You passed.'"

[12:52] {dino} lol

01[12:52] {Threei}  sheesh

01[12:52] {Threei}  lol

[12:55] {nemo} love this part too: It is important to him to stress that no women or children were killed in that raid. He also insists that when it came to interrogation, repetitive questioning and leveraging fear was as aggressive as he'd go. "When we first started the war in Iraq, we were using Metallica music to soften people up before we interrogated them," the Shooter says. "Metallica got wind of 

[12:55] {nemo} this and they said, 'Hey, please don't use our music because we don't want to promote violence.' I thought, Dude, you have an album called Kill 'Em All.

01[12:55] {Threei}  heh

01[12:56] {Threei}  decide if you want to sell second half at 1:2 or 1/4

01[12:56] {Threei}  very hard to tell how big of a chance it has to proceed to 1:3

01[12:56] {Threei}  so, how about this:

01[12:57] {Threei}  if selling half makes you flat for the day, do it,

[12:57] {nemo} frickin' VXX just dying

01[12:57] {Threei}  if not yet, sell 1/4 and push for more,

01[12:57] {Threei}  after all we are playing with house money on this trade now

01[12:58] {Threei}  by the way guys, a suggestion and a question

01[12:58] {Threei}  that last week discussion about money management and blog post on it that I linked later on,

01[12:59] {Threei}  do make sure that you read the whole set of articles in the blog, they highlight various aspects of trading approach that we use regularly but rarely discuss,

01[12:59] {Threei}  simply because I take it for granted

01[12:59] {Threei}  and assume that you read the whole thing

01[12:59] {Threei}  so make sure you did.

01[13:00] {Threei}  Now, question

01[13:00] {Threei}  if there are some aspects that require detailed discussion and I failed to write anything about it, point them out

[13:02] {ese} dino.......you were right about it pausing AKAM that is at 36.42

01[13:02] {Threei}  KBH... sheesh

01[13:02] {Threei}  why did we miss this one

[13:02] {ese} still looks like it has room to go though

[13:03] {ese} nice move kbh

[13:03] {ese} 52 week high of some sort vad?

01[13:04] {Threei}  yeah

[13:06] {nemo} like this one:  Even in action, with all their high state of expertise and readiness, "we're normal people. We fall off ladders, land on the wrong roof, get bitten by dogs." In Iraq, a breacher was putting a charge on a door to blow it off its hinges when he mistakenly leaned against the doorbell. He quickly took off the charge and the target opened the door. We were like, "You rang the 

[13:06] {nemo} fucking doorbell?!" Maybe we should try that more often, the Shooter thought to himself.

[13:10] {dino} nemo, what are you reading from?

[13:11] {nemo} http://www.esquire.com/features/man-who-shot-osama-bin-laden-0313-1

[13:11] {dino} thx

[13:11] {nemo} looking at the daily this market climb is so consistent and moderate

[13:13] {dino} idcc drops again

[13:13] {dino} tyg dog out .29 -.05

[13:14] {dino} idcc sm l .34

[13:15] {dino} stop is lod break

[13:16] {nemo} On the third floor, there were two chicks yelling at us and the point man was yelling at them and he said to me, "Hey, we need to get moving. These bitches is getting truculent." I remember saying to myself, Truculent? Really? Love that word.

[13:16] {nemo} Read more: Man Who Killed Osama Bin Laden - Treatment of Veteran Who Shot bin Laden - Esquire http://www.esquire.com/features/man-who-shot-osama-bin-laden-0313-5#ixzz2Ki65zMyi

01[13:16] {Threei} Short Setup: CLH  .70 break hl

[13:16] {dino} stop idcc

[13:16] {dino} taking break

[13:20] {dptl} i have a ?

[13:22] {dptl} how that CLH is different from DB regarding low volume and thin?

01[13:22] {Threei}  volume is low

01[13:22] {Threei}  look at sizes, it's not that thin

01[13:22] {Threei}  with half lot it's tradeable

[13:23] {dptl} DB sizes are looks almost the same to mee

01[13:23] {Threei}  spread is generally better, gap between levels is tighter

01[13:23] {Threei}  you don't see how much more dense level 2 is on CLH vs DB?

[13:24] {dptl} no not really

01[13:24] {Threei}  come on

01[13:24] {Threei}  place them side by side

01[13:24] {Threei}  you can drive a truck through DB level 2

[13:26] {dptl} hmm..is there somethingi don't see?

[13:27] {ese} well i never..........just cause i don't say anything it cuts me off

[13:28] {ese} igotta go anyway.........one heck of a good day with AKAM.....cya tomorrow

01[13:28] {Threei}  take care ese, gj

[13:28] {ese} tks vad

01[13:32] {Threei}  1:1

[13:33] {scottie} How did you get in ? On my T&S it jumped from .70 to .67 and then to .65 ?

[13:33] {jdetente} yeah no fill for me on that one either

01[13:33] {Threei}  there were .69 prints

01[13:33] {Threei}  got 200 there, and 100 at .70

[13:33] {patel} I didnt get filled either. 

[13:34] {Will49} nor i

[13:34] {Will49} too thin?

01[13:35] {Threei}  yup

01[13:36] {Threei} Short Setup: DG  .15 break

01[13:39] {Threei}  (FR) France Foreign Min: We are in need of a FX policy, strong Euro is hurting the economic recovery

01[13:39] {Threei}  yes komrad

01[13:40] {Threei}  White House: Obama spoke to South Korean President Lee Myung-bak; both condemned 'highly provocative' North Korea test

01[13:40] {Threei}  North Korea - oh you spoke to each other? How nice

[13:41] {nemo} Oh this is good I guess opinions on marriage are universal:  We listened to the Al Qaeda phone calls where one guy is saying, "We gotta find out who ratted on bin Laden." The other guy says, "I heard he did it to himself. He was locked up in that house with three wives." Funny terrorists.

01[13:41] {Threei}  Kate Upton on CNBC after commercials... and they say CNBC is useless

[13:41] {scottie} DG stop .22 ?

01[13:42] {Threei}  torn between that and .26

01[13:44] {Threei}  KPM baby

01[13:45] {Threei}  J

01[13:45] {Threei}  hmmm... did Ijust call one of the most hated banks "a baby?"

[13:45] {scottie} lol

01[13:45] {Threei}  I am so doomed

01[13:47] {Threei}  ok, let's keep .22 on DG

01[13:47] {Threei}  just to play it tight

01[13:47] {Threei}  good boy JPM

01[13:47] {Threei}  I mean bad boy but good move

01[13:48] {Threei}  good move by bad boy

01[13:48] {Threei}  sigh... I'll just shut up

[13:48] {Will49} haha

[13:48] {dptl} i am out .29

01[13:48] {Threei}  1/4 out here

[13:49] {scottie} out JPM +.19 tks Vad

01[13:49] {Threei}  welcome

[13:49] {dptl} unfortunatly i have to leave early...see ya tomorrow all

01[13:49] {Threei}  take care dp

01[13:49] {Threei}  question:

[13:49] {Will49} be good dp

01[13:49] {Threei}  how do you dig out of a hole?

01[13:49] {Threei}  answer: SLOWLY

[13:50] {scottie} dp

[13:50] {dptl} i did  not

01[13:50] {Threei}  never push, never try to get it all back up fast

01[13:50] {Threei}  trade carefully and take best setups with rigor risk vontrol

01[13:50] {Threei}  or control

01[13:51] {Threei}  JPM stop is .19 of course

[13:52] {patel} DG target

01[13:53] {Threei}  probably just 1:1

[13:53] {dino} cya dp

01[14:02] {Threei}  will, how's that pillow?

[14:03] {Will49} wait, let me pull it out

[14:04] {Will49} uuuhhhh

[14:04] {Will49} there...swat/swat/swat

06[14:04] * Threei hits DG over the head with 2x4

[14:04] {Will49} aaahhhh...back on th pillow again

01[14:05] {Threei}  stop .21

[14:08] {Will49} swat/swat/swat

[14:09] {nemo} looking at the 1 minute candles on spy and iwm...can you say "HFT"?

[14:20] {nemo}  Frickin' rabbit.  I keep a couple of treats under my pillow, so if she hops up in the middle of the night, I give her one.  Well, she figured out they're under the pillow.  Middle of the night I feel this "whack" coming from behind me.  She's smacking her head against the pillow trying to get to the treats

01[14:20] {Threei}  closed last piece of JPM

[14:20] {patel} come on DG

[14:26] {scottie} DHI s 24 ?

01[14:26] {Threei}  hl

[14:26] {dino} idcc sm l .29

01[14:34] {Threei}  DG 1:1 puts me at breakeven for the day

[14:34] {dino} gj

[14:34] {scottie} same here tks vad

[14:34] {jdetente} slightly under for the day...

[14:34] {jdetente} but not painful

[14:35] {patel} same here

[14:35] {Will49} yea

[14:35] {patel} 1 more trade should get me green

[14:35] {dino} up decent, but had good morning

[14:36] {patel} Think I can squeeze 1:2 out of DG

[14:37] {patel} out of DG now

01[14:38] {Threei}  and that's what separates men from boys... show not how youhandle winning but how you handle losing

[14:39] {patel} patience pays off. I dug a hole pretty deep but slowly covering the hole.

01[14:40] {Threei}  DHI works too

[14:41] {scottie} out DHI +.09

[14:41] {scottie} Now I can see some green :)

01[14:41] {Threei}  good

[14:46] {dino} gj

[14:46] {scottie} ty

01[14:52] {Threei}  trying to get a feel for direction of the last hour

01[14:55] {Threei}  jeez

01[14:55] {Threei}  some e-mails are beyond belief

01[14:56] {Threei}  pasting as it is, grammar, warts and all

01[14:56] {Threei}  I spent a week in Your room and I read all trading logs so I know you place them online without editing, everything as it was. So, your not cheatin. But I don't understand why your not adding the performance track. What are you hiding?

01[14:57] {Threei}  sigh

[14:57] {dino} dw sm s .27

[14:57] {scottie} yes, what are you hiding ?

01[14:57] {Threei}  my best guess would be:

01[14:58] {Threei}  my lack of desire to indulge his laziness - he can calculate the total just as well, right?

[14:58] {scottie} lol

01[14:58] {Threei}  I am at loss of words

01[14:59] {Threei}  guy sees all the calls, compares them to the log,

01[14:59] {Threei}  he knows logs are 100% as it happened in the room, no editing

01[14:59] {Threei}  but he still searching for what I am hiding?

01[14:59] {Threei}  good luck finding that buddy

01[14:59] {Threei}  you have a lifelong quest

[15:00] {jdetente} he must have trouble adding in .10 intervals 

[15:00] {jdetente} lol

01[15:00] {Threei}  and btw, since you are likely to read this long, I am not editing this out eothert

[15:01] {patel} lol

01[15:01] {Threei}  I don't think there is any single room that does this, posting logs for years

01[15:02] {Threei}  yet someone always suspects you cheat somehow

01[15:02] {Threei}  *()&^%#$*

[15:03] {Will49} Illegitimi non carborundum

[15:03] {scottie} Are you the new pope ?

[15:03] {Will49} ha

01[15:04] {Threei}  lol

[15:04] {Will49} I'm also too old for the job

[15:04] {Will49} and not a Catholic

[15:04] {Will49} guess I better not apply

01[15:05] {Threei}  then tell them not to count on you?

01[15:05] {Threei}  sorry, old russian joke :)

[15:05] {dino} idcc stop -.30

[15:05] {scottie} lol

01[15:06] {Threei}  guy comes in the office that placed hiring ad "needed: 30-40 years old, bachelor degree, must speak English, German, French"

01[15:07] {Threei}  manager, looking at this 60 years olg, disheveled man: you want to tell me you under 40??

01[15:07] {Threei}  - no

01[15:07] {Threei}  educated?

01[15:07] {Threei}  - what are you talking about barely high school

01[15:07] {Threei}  speaking any languages?

01[15:08] {Threei}  - no, not at all

01[15:08] {Threei}  why are you here??

01[15:08] {Threei}  - just came in to tell you, you can't count on me...

[15:08] {Will49} lol

[15:08] {scottie} haha

[15:08] {jdetente} haha

[15:08] {patel} ha

[15:12] {dino} cov dw .cov dw .99 ave, +.28

01[15:13] {Threei}  not too shabby

[15:13] {scottie} gj dino

01[15:14] {Threei}  back to Will's sound advice... I usually do not let Illegitimi to carborundum me... but idiocy still irritates me :)

[15:15] {dino} ty

01[15:16] {Threei} Long Setup:  FAZ  .65 break

01[15:16] {Threei}  If holds  .60 

[15:16] {nemo} or short FAS for the adrenaline rush

01[15:17] {Threei}  can't

[15:17] {nemo} have them do a locate

01[15:18] {Threei}  not worth the hassle

01[15:18] {Threei}  there are many other ways to play the downside in finnies

[15:18] {patel} What does this mean "Reg SHO Threshold Security"?

[15:19] {patel} this is what I get when I try to short FAS

01[15:19] {Threei}  unavailable for shorting

[15:19] {thomcbell} short restricted

[15:19] {nemo} not right, just labeled that way in the software...it's shortable

01[15:20] {Threei}  it's shortable if your broker has inventory to lend

01[15:20] {Threei}  most don't

[15:20] {nemo} right

01[15:20] {Threei}  these pairs were designed to work in, umm, pairs

01[15:20] {Threei}  you want long, buy one of them,

01[15:20] {Threei}  you want short, buy another

01[15:21] {Threei}  FAS/FAZ, TNA/TZA

[15:21] {nemo} yeah, but why bother buying FAZ, you need 10k shares to make anything

01[15:21] {Threei}  so shoert GS

01[15:21] {Threei}  or JPM

[15:21] {nemo} your broker will be thrilled and you need .02 to break even

01[15:21] {Threei}  or WFC

01[15:27] {Threei}  disregard FAZ

01[15:27] {Threei} Short Setup: CAT  .20 break

01[15:27] {Threei}  If holds  .25 

01[15:35] {Threei}  meh

[15:40] {dino} htsi spike

[15:42] {dino} sm s .85

[15:44] {dino} cov .50, +.35

[15:45] {dino} probably too soon

01[15:45] {Threei}  CAT rinse... bastard

[15:45] {patel} SOB

[15:47] {dino} htsi sm s .99

[15:50] {dino} stopped .15 -.16

01[15:51] {Threei}  Ok guys, not really a profitable day, first in two a half weeks, but I am not unhappy with it

01[15:51] {Threei}  righted what looked really bad in the morning

[15:51] {Will49} Can't win 'em all Vad

01[15:51] {Threei}  in cold blood and with good discipline

01[15:51] {Threei}  nope, gotta make losing ones small

[15:51] {Will49} amen

01[15:51] {Threei}  and hanfle them with no emotion and lasting damage

01[15:52] {Threei}  thank you all, have a good evening

[15:52] {thomcbell} yes - i had my first down day in about 3 weeks 

01[15:52] {Threei}  see you tomorrow

[15:52] {thomcbell} knock on wood - 

[15:52] {Will49} Asta La Vista people

[15:52] {thomcbell} good night all

[15:52] {scottie} gn

[15:52] {dino} calling it a day, thx all

[15:56] {jdetente} gn everyone

[15:57] {patel} gn

Feb 11 2013

Very slow and mildly profitable day. Bearing with waiting is major challenge one faces on such days, as attempts to push too much in stagnant market will cause endless papercuts. Firs our of trading got eaten by another server shenanigans, but it was unremarkable anyway.

(10:22) Threei: CAT, which part of "and run" don't you understand
(10:23) thomcbell: im ignoring a good pattern and action in yhoo here
(10:23) thomcbell: 20.76 long break
(10:24) nemo: .73 lvs is S3, if gonna bounce will here
(10:24) Threei: if SPY holds the low, it may work just fine, tbell
(10:25) Threei: it's double bottom or breakdown
(10:25) ese: out bbry.,83 +.23
(10:25) Threei: hold .40, longs will work nicely
(10:25) Threei: lose .40, downtrend is established
(10:26) Threei: here kitty kitty
(10:27) Threei: 1:1
(10:27) Will49: pass the catnip
(10:27) Threei: lol
(10:27) thomcbell: u just actually scared me with that noise
(10:27) Threei: come on, I have grizzly sound, and you are scared of meow??
(10:34) Threei: ese, remember our discussion of economy vs. market?
(10:34) Threei: lookie here:
(10:34) ese: y
(10:34) Threei: stat from Goldman: 78% of $SPY companies guided down versus consensus estimates (versus 68% historically)
(10:35) ese: go short.........
(10:35) Threei: tell me again this is a strong economy, and market doesn't climb simply on endless money injection from Fed
(10:35) _ltrader has joined.
(10:35) Threei: short into that money injection?
(10:35) Threei: why?
(10:35) ese: well........regardless of whats going..........trade what you see..........I'm makin money
(10:35) Threei: point is, this market is NOT moving up on ay strength in real economy
(10:36) Threei: tbell, you taking that YHOO?
(10:37) Threei: Short FB .20 break
(10:37) thomcbell: im not vad
(10:37) Threei: if stays under .30
(10:37) thomcbell: thinking about half lot
(10:38) thomcbell: kicking myself for ignoring a bullish setup in aig this am
(10:38) Threei: 38.90 break... yeah, that was a good one
(10:39) Threei: speaking of which
(10:39) Threei: Short AIG .25 break
(10:39) Threei: If stays under .31
(10:40) _ltrader has left.
(10:41) Threei: FB looks good fir a break
(10:42) Threei: AIG invalidated
(10:43) ese: L bbry .77
(10:44) dptl: btu short?
(10:44) Threei: .35 break, yes... hl
(10:47) dptl: invalidated
(10:47) Threei: yes, SPY broke downtrend
(10:47) dptl: fb two sided?
(10:47) Threei: remember that .40 that it had to hold?
(10:48) ese: word that comes to mind here is " bizzare" mrkt action....i'm having trouble getting afix on it
(10:49) Threei: no, nit liking FB long
(10:49) dptl: ok wait if that break .20 then
(10:50) dptl: in
(10:50) ese: how bout "nit" picking
(10:51) Threei: those teachers...
(10:51) ese: country term ...indigenous to north america
(10:53) ese: does this thing have a slap upside the head with a 2X4 sound..........I need it for bbry........
(10:54) Threei: there you go
(10:54) Will49: yikes
(10:54) ese: hmmmmmmmm that was more punishment for me instead of bbry
(10:55) Threei: well... be careful what you wish for
(10:55) ese: tks
(10:56) ese: am wishing for bbry to go up with the number of shs i'm messin with here
(10:56) thomcbell: short setup bbry 15.72 break if holding 15.80
(10:57) thomcbell: yhoo 1:1
(10:57) Threei: yup
(10:57) thomcbell: without me
(10:57) Threei: good spot
(10:57) thomcbell: must have been the meow
(10:57) Threei: told ya it was a good setup
(11:02) dptl: can we trail fb stop to .26 now?
(11:02) Threei: matter of choice
(11:02) Threei: I won'tboth decisions are valid
(11:02) Threei: I wion't
(11:03) Threei: although bioth decisions are valid, just digfferent odds of being rinsed
(11:03) Threei: weighed against wider stop
(11:03) dptl: ok
(11:04) Threei: I like how FB holds its head down while SPY fully recovered
(11:04) Threei: it may change its mind an start gfollowing of course
(11:04) Threei: but I want to give it a chance
(11:05) Threei: and BTW
(11:05) Threei: Short BTU .40 break
(11:09) Threei: FB if works, target 1:3
(11:09) ese: aye lads............em tayken tha.........ouuuut bbrrrrry (roll them r's).87 plues .10
(11:09) Threei: anyone, which language is this?
(11:10) ese: tha linguage a mooney
(11:10) Threei: ah... our favorite
(11:10) Will49: tis a brah bri c moonlit nicht tonicht
(11:11) dptl: in btu
(11:11) Threei: I give up... I am not learning any more languages
(11:11) Threei: I speak 4
(11:11) Threei: quite enough
(11:11) ese: aye.....eh willa beh
(11:11) Will49: aye laddie
(11:12) Will49: just an accent Vad
(11:12) Will49: a scottish accent
(11:12) ese: auch nu aye.....anna wiilla beh drankin a weee bet asza well
(11:12) ese: indeed
(11:13) Threei: ok, I am not learning any more accents - one I have was quite hard to get
(11:13) Threei: btw guys, for those who don't follow our FB page,
(11:13) Threei: http://goo.gl/Pkwh3
(11:14) ese: a sure ya bastard bbry...........just shoot on up there.........ya........*&^$&^
(11:14) ese: now that canadian
(11:14) Threei: although I think you better do
(11:14) Threei: some things posted there are not mirrored anywhere else
(11:15) Will49: ese, are you a Craig Ferguson fan?
(11:15) ese: mirrored?
(11:15) ese: no.......don't know who that is
(11:15) Threei: like this for instance   http://goo.gl/W8skW
(11:15) Will49: late night Scottish comedian
(11:15) dptl: btu stop .46?
(11:16) ese: hmmmmmm
(11:16) Threei: .47
(11:16) dptl: ok
(11:16) Will49: he's on too late for you though ese
(11:16) ese: nice short there dp
(11:17) ese: ha ha
(11:17) ese: that laugh was for will dp not you..........
(11:18) dptl: to late
(11:18) Threei: lol
(11:18) Will49: ese, have a look on youtube for Ferguson...he's a riot
(11:18) ese: ok........will do
(11:20) cipher has joined.
(11:20) ese: C
(11:20) thomcbell: wrong side on that bbry - obviously - nice run from 15.80 break
(11:20) cipher: hello
(11:20) Threei: finally cipher
(11:21) Threei: we were wondering whether you got snowed in
(11:23) dptl: ok fb or btu...something has to work
(11:23) Threei: jeez, are you ever a pessimist
(11:23) Threei: why not both
(11:24) dptl: or both
(11:24) dptl: that would be nice
(11:24) ese: i'm likin fb short
(11:25) ese: .15 break
(11:25) thomcbell: nice one minute long pattern on splk
(11:25) ese: or would .05 be better vad
(11:25) Threei: ese... we are short from .20
(11:25) Threei: take me off ignore, will ya
(11:25) ese: sheesh........
(11:26) dptl: lol
(11:26) jdetente: you guys crack me up lol
(11:26) Threei: 10:37) Threei: Short FB .20 break
(11:26) ese: in case you hadn't noticed i was long a "you know what load" bbry.........my attention was elsewhere OK!.....sheesh
(11:27) Threei: forgive me for interrupting your BBRY meditation then
(11:27) ese: lol
(11:27) Threei: OK, SPY is back to business of  dopping
(11:28) ese: look at it go though...........would have reitred
(11:29) ese: dopping.........as in Olympic athelete doping
(11:29) Threei: dropping rather

(11:29) ese: dopping.........as in Olympic athelete doping

(11:29) Threei: dropping rather

(11:31) ese: vad what type of scanner do you have on a day like this thats effective.......

(11:31) Threei: all windows used for divergence

(11:31) patel: anyone still in BTU

(11:31) jdetente: let's put a little scare into FB 

(11:32) Threei: one is named, incidentally, "divergence"

(11:32) ese: reversals, new day highs, 52 weeks highs?

(11:32) dptl: i am in btu

(11:32) ese: ahhhhhhh....makes sense

(11:32) Threei: also, DBI and 2 days breakdown for the moment when market at the highs

(11:32) Threei: and vice versa

(11:32) cipher: expe l .55

(11:33) ese: might join you dp

(11:33) jdetente: Vad called that one too ese 

(11:34) Threei: lol

(11:34) dptl: lol...cant beleive this

(11:34) Will49: Vad, would you be tempted to tighten FB stop after this long consolidation?

(11:34) Threei: it's no uxse jd... ese morning program is: 1. wake up, 2. out coffee on, 3. put Vad on ignore

(11:35) ese: tks jd..............

(11:35) Threei: yes Will, it's time

(11:35) Threei: .26 stop

(11:35) ese: thats all I need is more ammo for him 

(11:35) Will49: Tks

(11:37) Will49: shake it more than twice and you're playing with it

(11:38) Threei: rofl, where di that come from

(11:38) Will49: old high school joke

(11:38) jdetente: Will.... lo!

(11:38) jdetente: lol

(11:39) Threei: BTU target 1:2

(11:39) dptl: what about stop for btu?

(11:40) dptl: still .47?

(11:40) Threei: unless you are that eager to put it at .42...

(11:40) Threei: am not

(11:40) dptl: ok .47

(11:42) patel: come on FB 

(11:43) cipher: out expe .72 + .17

(11:44) dptl: stopped fb

(11:44) Threei: yeah

(11:45) cipher: wynn l .80

(11:49) Threei: oh don't be in such a hurry BTU

(11:49) Threei: take your time

(11:50) jdetente: lol

(11:51) dptl: no no..i had to leave in an hour

(11:51) ese: NDAQ

(11:52) ese: euphoria vad?

(11:52) cipher: out wynn .65 -.15

(11:53) Threei: NDAQ Ticking higher after Fox News's Gasparino tweets deal talks with Carlyle Group broke down over price disagreements, could resume

(11:53) nemo has left.

(11:54) ese: tks

(11:57) Threei: 1:1

(11:57) Threei: mama mia, it happened

(11:57) Threei: believe it or not

(11:57) Threei: miracles exist

(11:57) cipher: wynn l .80

(11:57) dptl: no fill yet

(11:58) Threei: take frikin .31

(11:59) dptl: .32

(11:59) dptl: half

(12:02) Threei: main room is up guys, let's start relocating

[12:04] {patel} ...

01[12:04] {Threei}  three very good points

[12:05] {patel} ha, making sure the room was working

[12:05] {patel} it was pretty quiet

[12:06] {ese} but we don't get any sounds...............this is no fun.........i'm leavin

01[12:06] {Threei}  sorry...

01[12:06] {Threei}  not all toys in the same playroom

[12:06] {ese} lol

[12:07] {cipher} out wynn .18 +.38

[12:07] {ese} nice C

[12:07] {cipher} ty

[12:07] {dptl} out btu ..sigh

[12:07] {jdetente} no biggie dp, we got out half

01[12:08] {Threei}  hr is overly optimistic, jd

01[12:08] {Threei}  he

[12:08] {jdetente} the question you have to ask is...do I have more money than before the trade...

[12:08] {jdetente} answer: Yes!

01[12:09] {Threei}  you barely hear a peep from him on a day with no single stop, but a lot of sighs on any other fay {G}

[12:10] {jdetente} remember dp our objective is to make money. :)

[12:11] {dptl} ye...lately something is not working for me...

[12:13] {dptl} i get nervous latlely often for some reason dont know why.....and making lots of mistakes

[12:15] {ese} L akam 1/2 .37

[12:17] {ese} L akam avg .41

[12:19] {cipher} CSTR L.08

[12:19] {ese} L akam avg .42

01[12:20] {Threei}  guys, new server box is in, it's a matter of installing the software and migrating database

01[12:21] {Threei}  should be done before or over the weekend

[12:22] {dptl} unh short?

01[12:22] {Threei}  too narrow

[12:23] {ese} let me see...........retirement is spelt how........stop to .50 akam

[12:24] {ese} break past .58 yesterdays high and who knows

[12:25] {ese} fridays'

[12:25] {ese} 36 is target

[12:26] {ese} out 1/2 .59 +.19 avg

[12:26] {Will49} nice one ese!

[12:26] {ese} tks

[12:27] {ese} patience.....word of the day today

[12:27] {ese} ya just need to find one of these per day

[12:29] {ese} stopped balance .51 +.09

01[12:29] {Threei}  I can't believe this

01[12:29] {Threei}  look at FB

[12:30] {jdetente} just did

[12:30] {jdetente} meh

[12:30] {jdetente} that was a slow ride down

[12:30] {nemo} SLB

01[12:31] {Threei}  I had this feeling that stop shoulkdn't have been trailed

[12:32] {ese} neeeeeeeeeeeemmmmmoooooooooo!

[12:35] {ese} L akam .41

[12:35] {nemo} what?

[12:35] {ese} that 6000sh order there was not mine

01[12:36] {Threei}  we don't believe you

01[12:37] {Threei} Short Setup: CAT  .50 break

01[12:37] {Threei}  If holds  .60 

[12:44] {ese} I really am hating todays market.......

[12:46] {ese} although this is good[AKAM] Ticks higher on CEO disclosing buy of 50K shares at $35.31 on 2/8 -

[12:46] {cipher} out cstr .18 +.10

[12:48] {dptl} got to go...see ya tomorrow all

01[12:48] {Threei}  ummm

01[12:48] {Threei}  CAT?

01[12:48] {Threei}  s;most 1:1?

01[12:48] {Threei}  and you are leaving?

[12:48] {ese} cya dp

[12:50] {dino} things really slowed down

[12:51] {Will49} cheers dp

[12:51] {ese} i'll say dino

01[12:54] {Threei}  come on, 1 cent from 1:1?

[12:55] {dino} good morning but....

01[12:55] {Threei}  stop .56

[12:56] {cipher} vrsk l .78

[13:02] {dino} my 07 scanner isn't moving

[13:05] {nemo} what does that scan for?

01[13:05] {Threei}  for james bond, sheesh

[13:05] {nemo} that would be 007

[13:06] {dino} moves of 7 cents or greater

[13:10] {cipher} cat l .50

[13:12] {cipher} out vrsk .98 +.20

[13:16] {cipher} ctsh l .17

03[13:22] * Retrieving #discussions modes...

[13:34] {ese} am doing family day brunch with the family all.......have a great rest of the day and we'll see you tomorrow.....am still L AKAM and down -.06

01[13:34] {Threei}  take care ese

[13:34] {patel} stop for CAT at .56 still

[13:35] {ese} tks vad........for all our US friends.....this is now a holiday in Canada..Family Day

[13:35] {ese} take care

[13:35] {patel} nice have fun ese

01[13:35] {Threei}  for those who are not in BC, today is a new holiday, Family day... which explains ese program I am scared to think what he'd do if they announced a Cow Day or something

[13:42] {cipher} out cat flat

01[13:45] {Threei}  you do know now it's going to drop, right?

[13:46] {cipher} feels like it

[13:46] {patel} Ciper were u long in CAT

[13:46] {cipher} yes

[13:47] {cipher} not anymore

01[13:48] {Threei}  OK, this is difficult to decode:

01[13:48] {Threei}  one one hand,

01[13:48] {Threei}  (US) Fed's Yellen (voter, dovish): Workers facing difficult situations; fiscal policy has restrained the economic recovery

01[13:48] {Threei}  this was extremely dovish pilicy, Yellen

01[13:48] {Threei}  are you saying you doves were wrong?

01[13:49] {Threei}  on another:

01[13:49] {Threei}  - It is appropriate for the Fed to continue to push for maximum employment

01[13:49] {Threei}  huh?

01[13:49] {Threei}  our fiscal policy "has restrained the economic recovery", so let's push more of same?

01[13:49] {Threei}  1:1 CAT

01[13:50] {Threei}  finally

[13:50] {patel} whew that one took forever. 

01[13:52] {Threei}  you in a hurry? :)

[13:52] {patel} nope

[13:52] {patel} dont have no where to go. 

01[13:53] {Threei}  there you go :)

[14:02] {dino} stt sm s .30

[14:03] {dino} cov stt .95, +.35

[14:05] {dino} too soon

01[14:32] {Threei}  out CAT in full

01[14:32] {Threei}  I think I managed to take about 5 naps during this trade

01[14:32] {Threei}  cat naps

[14:32] {Will49} :)

[14:40] {thomcbell} how goes it in here

01[14:41] {Threei}  quiet...

01[14:41] {Threei}  sleepy...

01[14:41] {Threei}  got a profitable one in CAT

01[14:41] {Threei}  and something else

01[14:42] {Threei}  but overall, incredibly slow day

[14:42] {thomcbell} creepy slow 

[14:42] {Will49} reasons?

01[14:43] {Threei}  who the deuce knows

01[14:43] {Threei}  we can theorize till cows come home

01[14:43] {Threei}  look at one very interesting chart guys

01[14:43] {Threei}  http://goo.gl/gsLiC

01[14:43] {Threei}  do you see what I see?

[14:44] {Will49} oh oh

01[14:44] {Threei}  or I converse with nemo too much, thus my senses are dull

[14:47] {nemo} this summer will be ridiculous

01[14:47] {Threei}  there is a lot that may happen till then

01[14:48] {Threei}  so, anyone got chills from that chart?

[14:48] {nemo} or not

[14:48] {nemo} no

01[14:48] {Threei}  ok... thrill?

[14:48] {nemo} no

01[14:48] {Threei}  sheesh... go drink

[14:49] {nemo} gotta make a run, drank the closet dry this weekend

[14:49] {nemo} Got Chinese New Year on Friday

[14:49] {Will49} as someone who got killed in 2001, this gives me major chills

[14:49] {nemo} oy vay...that's always painful

01[14:49] {Threei}  you are in different league now

[14:50] {nemo} Who Will?

01[14:50] {Threei}  you stand to benefit from such martket behavior

[14:50] {nemo} yep...I salivate to open limit down

[14:50] {Will49} i hope so

[14:50] {nemo} awash in market blood up to my knees

[14:50] {nemo} the laments of the jumpers from their office windows

01[14:51] {Threei}  there is a lot of complacency in the market

01[14:51] {Threei}  as if nothing bad can happen anymore, we can only climb

[14:51] {nemo} yeah, but there was 2 years of complacency in 02-04

01[14:51] {Threei}  meanwhile, there are so many things that can go horribly wrong at any moment

[14:52] {nemo} Obama was re-elected, what can go worse

01[14:52] {Threei}  02-04 markret was at the bottom, you goof

01[14:52] {Threei}  now it's at the top

[14:52] {nemo} name calling you pisdah

01[14:52] {Threei}  complacency when we hit major resiatance?

[14:52] {dino} rgr drop

[14:53] {Will49} see what your loose talk has done to the market?

[14:53] {nemo} algo's hit same time

[15:00] {jdetente} That's it for me guys. Going to go home happy with the trades we got. Everyone have a good one. :)

[15:00] {Will49} cheers jd

01[15:00] {Threei}  take care jd

01[15:01] {Threei}  can you send about 3% of your optimism to dp?

[15:01] {jdetente} haha. I'll try!

[15:01] {dino} rgr again drop

[15:02] {dino} sm l .36 rgr

[15:03] {dino} out rgr .71, +.34

[15:03] {dino} .35

[15:04] {Will49} quick!

[15:04] {dino} either quick or dead on these

[15:05] {Will49} amazing skill

[15:05] {dino} 400 shares gives lot of leeway will

[15:06] {Will49} nontheless

[15:06] {dino} seems i bailed too soon

[15:06] {Will49} only in retrospect

01[15:09] {Threei}  wehat do I miss? I see no news on RGR

[15:12] {dino} dk

01[15:25] {Threei} Long Setup:  FB  .30 break

01[15:25] {Threei}  If holds  .20 

[15:29] {dino} gdi drop

[15:34] {dino} gdi sm s .99

[15:35] {dino} cov gdi .73, +.26

01[15:40] {Threei}  OK FB

01[15:40] {Threei}  we are pressed for time

01[15:40] {Threei}  break and run

01[15:42] {Threei}  GDI looks like another short

01[15:42] {Threei}  spread is horrific though

[15:43] {patel} FB dont want to break. 

[15:50] {dino} xone drop

[15:51] {dino} calling it a day. thx all. slow but profittable

01[15:52] {Threei}  take care dino, same here

[15:55] {Will49} have good evening guys

01[15:55] {Threei}  you too

01[15:58] {Threei}  Ok guiys, thank you all

01[15:58] {Threei}  have a good evening, see you tomorrow

[15:59] {thomcbell} later guys 

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.

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