Tuesday, October 8, 2013

Oct 8 2013

I guess we angered trading gods yesterday - trade after trade was rinsed. When you get the direction right but price tags your stop before proceeding to the target... Ah well, we will get them tomorrow.

Session Time: Tue Oct 08 00:00:00 2013
[09:10] {dino} gm
01[09:10] {&Threei}  morning dino
[09:10] {RonS} gm...agen phase 3 trial of malaria vaccine reduced disease 45% v control group
[09:11] {nemo} I wish they would stop trying to save people...we need to decrease the surplus population
01[09:11] {&Threei}  ron :)
01[09:12] {&Threei}  they don't nemo, they save mice
[09:12] {RonS} as dear ole dad says...cull the herd...
[09:12] {nemo} well, what happens is smarter people stop breeding and the morons expand the activity..humanity is screwed
[09:13] {+cc_9} gm all
01[09:14] {&Threei}  could be... in addition, govt measures like Stalin's cleansing waves eradicate those who differ from average
01[09:14] {&Threei}  cc9 :)
[09:15] {nemo} this feels like it's gonna' be a dead day
[09:18] {drewj} good morning guys
01[09:18] {&Threei}  drew :)
03[09:20] * Retrieving #discussions modes...
[09:20] {ese} gm
01[09:21] {&Threei}  ese :)
[09:22] {Alexs} gm
01[09:22] {&Threei}  alex :)
[09:23] {Will49} gm
01[09:23] {&Threei}  robbers... added 3 more shots from new toy yesterday
01[09:23] {&Threei}  will :)
[09:26] {robbers} I'll take a look.  BTW, are your lenses bayonet-mount?  That was an advantage of the OM-1 over the Nikon.
[09:27] {ese} lol
01[09:28] {&Threei}  yes
[09:28] {cipher} gm
01[09:28] {&Threei}  cipher :)
01[09:31] {&Threei} Long Setup:  GDX  .56 break
01[09:31] {&Threei}  If holds  .50
[09:32] {+cc_9} SCTY flying
[09:32] {cipher} EBAY L .89
[09:34] {+cc_9} hell of a snag cipher
01[09:35] {&Threei} Long Setup:  JPM  .90 break
01[09:35] {&Threei}  If holds  .80
[09:40] {nemo} index bounce territory
[09:41] {nemo} fb
[09:41] {cipher} tna l .87
01[09:41] {&Threei} Long Setup:  FB  .15 break
[09:42] {cipher} SSO L.61
01[09:42] {&Threei}  If holds  .05
01[09:43] {&Threei}  1:1
[09:44] {dino} regn smr l .05 ave
[09:44] {RonS} ty fb +.14
[09:45] {+cc_9} nice play on TNA
[09:45] {cipher} out TNA .38
01[09:45] {&Threei}  yw
[09:45] {cipher} out SSO .99
[09:45] {RonS} gj
[09:45] {Will49} sweet
[09:46] {cipher} out EABY .24 +.35
[09:46] {nemo} spy pivot .71 with 50 sma at 168.14ish, will likely try for both levels
[09:46] {cipher} just follow the big boys
01[09:47] {&Threei}  [09:40] {nemo} index bounce territory {--- that was very precise
[09:47] {cipher} nemo is da man
[09:48] {cipher} I saw the same thing
[09:48] {nemo} so....we have a shared psychosis
[09:48] {cipher} not sure if it's a godd thing :)
[09:49] {Alexs} I prefere shared profit
[09:49] {nemo} I'm not paranoid, and anybody who thinks I am is out to get me
[09:49] {nemo} we have to send Alex to cut trees for the glory of the proletariat
[09:49] {cipher} yhoo drop
01[09:50] {&Threei}  I don't have multiple personality disorder. So I am told by a psychiatrist who usually takes over my body on Thursdays
[09:50] {Will49} lol
[09:51] {nemo} we'll just call him Sybilavich
[09:51] {dino} stop regn -.40
[09:51] {Will49} why anyone would want to take over youe body is a wonder to me
[09:51] {Will49} :)
01[09:51] {&Threei} Long Setup:  GLD  .10 break
01[09:51] {&Threei}  If holds  128
[09:52] {cipher} YHOO L .79
[09:52] {cipher} TNA L .94
[09:52] {+cc_9} FB $50.00 again
[09:53] {cipher} yhoo stopped .74 -.05
[09:54] {cipher} expecting new hi on SPY
[09:54] {+cc_9} you guys on fire today!
[09:54] {cipher} here we go
01[09:54] {&Threei}  no go
[09:54] {ese} higher low spy
[09:55] {ese} market tired of sell off maybe
[09:55] {cipher} ES target 80-ish
[09:55] {nemo} it should stay range bound
[09:55] {dino} reload regn .15
[09:55] {RonS} hearing dc news....clean cr...
[09:56] {nemo} then we will rip 2% higher
[09:56] {RonS} rumor now...
[09:56] {nemo} shorting today could be very dangerous because of headline risk
[09:57] {RonS} [7:57:37 AM] Justin Zukor: According to a CNN survey of House members, there are enough votes to OK a plan to end the partial government shutdown, but Speaker John Boehner won't call for a vote.
[09:57] {nemo} you'll be short, headline comes out about Congressional Kumbaya, 5 seconds later your account will be liquidated
[09:57] {cipher} out TNA .39 +.47
[09:58] {dino} gj
[09:58] {cipher} mkt is nervous
[09:58] {cipher} playing it safe
[09:58] {ese} that explains the higher low nemo...tks
[09:59] {nemo} yeah
01[09:59] {&Threei}  *(US) OCT IBD/TIPP ECONOMIC OPTIMISM: 38.4 V 46.0 PRIOR
[09:59] {+cc_9} SPY feel like it wants to pop out of the blue all the way to 168
[09:59] {+cc_9} 15min looks ripe
[10:00] {ese} spy bounced off of the first pivot support as well.....
[10:00] {nemo} 168.16ish is the 50 day...natural magnet
01[10:00] {&Threei}  son of a gun, GLD
[10:00] {drewj} yup
[10:01] {+cc_9} market tank
[10:01] {nemo} Boehner speaking
[10:01] {nemo} here are important spy levels:  http://bit.ly/1bAmFYJ
01[10:02] {&Threei}  Cantor
01[10:04] {&Threei}  (US) Senate Democrats now likely to introduce a debt limit increase bill that would provide borrowing authority through to 2014, expect to get 60 votes without conditions placed on the authority - press
[10:05] {+cc_9} place your bets now
[10:05] {+cc_9} market should get a move within the next 5 minutes
[10:05] {nemo} 4 minutes 32 seconds
01[10:05] {&Threei} Long Setup:  FB  .90 break
01[10:05] {&Threei}  If holds  .80
01[10:07] {&Threei}  no go
[10:07] {+cc_9} "we want to sit down and have a conversation"
[10:07] {+cc_9} so sit down and have a conversation...you bastard
[10:09] {+cc_9} the funny thing is which ever direction the algos push, retail will follow and then headlines will talk about either fear in the markets or lack thereof
[10:10] {ese} eggzactilly
[10:11] {nemo} your spelling sucks ese
[10:11] {nemo} eqzaktly
[10:12] {ese} opps....sorry will get that right next time
[10:12] {cipher} REGN L 294.26
[10:12] {+cc_9} algos are saying buy
[10:12] {ese} what algos are you looking at cc
[10:13] {nemo} the algo in his brain
[10:13] {+cc_9} ese
[10:13] {Will49} algo to hell
[10:13] {+cc_9} its called btfd.exe
[10:13] {+cc_9} it runs on linux
[10:14] {nemo} bored, aren't we?
[10:14] {ese} hmmmm....hows it work
[10:14] {nemo} actually remarkable number of stocks red on my algo for so little movement in the indexes
[10:14] {+cc_9} IWM catching bids
[10:15] {+cc_9} QQQ major lag
[10:16] {nemo} algo view: http://bit.ly/GJiwHB  BTFD! @10:30
[10:17] {+cc_9} btfg engage
[10:17] {+cc_9} and also btfd
[10:17] {nemo} Vad is wearing off on you
[10:18] {dino} w/ya
[10:19] {ese} bunny rabbit algo..........cool...might be the only one on the planet
[10:20] {nemo} that reminds me, haven't seen bunny
[10:20] {+cc_9} here comes the big SPY push
[10:20] {+cc_9} say hello to 168
[10:21] {cipher} out REGN 296.06 +1.78
[10:21] {Will49} oh my
[10:21] {Will49} or words to that effect
[10:22] {dino} gj cipher
[10:22] {cipher} regn white knuckle ride
[10:22] {cipher} thx buddy
[10:22] {cipher} need diaper break
01[10:22] {&Threei} Short Setup: CAT  .30 break
[10:22] {Will49} lol
[10:22] {nemo} don't forget the desitin
01[10:22] {&Threei}  If holds  .40
[10:22] {cipher} lol
[10:25] {dino} deck sm l .60
[10:25] {ese} L npsp .80
[10:25] {nemo} play deck tight dino, it's holding under vwap, which means weakness in geenral
[10:26] {Will49} CAT still valid?
[10:26] {ese} out npsp .00 +.20
01[10:27] {&Threei}  yes
[10:27] {Will49} tks
[10:27] {ese} tks dino.............used your limit order strategy
[10:27] {ese} took both ends
[10:28] {dino} np, gj
[10:29] {cipher} what strat is that ese?
[10:32] {ese} no strat...entered the sell order as soon as the buy was taken
[10:32] {cipher} got it
[10:32] {nemo} yeah, get yourself in line
[10:32] {dino} i do it alot
[10:33] {nemo} how's your eyesight?
[10:33] {ese} stradles dino
[10:33] {Will49} LOL nemo
[10:33] {cipher} ctxs l.00
[10:33] {nemo} straddles are an options strategy
[10:33] {ese} ya..........i haven't traded any options although would like to learn
[10:34] {nemo} ctxs at the 200 day
[10:34] {nemo} good place for a long
[10:35] {nemo} 69.60 good target cipher
[10:35] {cipher} I did, suckers game unless you sell them
[10:35] {cipher} or play the greeks
[10:35] {nemo} I'll leave that one alone
[10:36] {dino} i use them on capits/euphoria. buy month out opposite
[10:39] {+cc_9} FB plunging
[10:40] {cipher} pcrx l .60
[10:40] {+cc_9} Long FB 49.15 on oversold 5min
[10:40] {+cc_9} looking for bounce 49.50
[10:42] {cipher} out pcrx .95 +.35
[10:43] {cipher} ctxs stopped .90 -.10
[10:43] {cipher} sgen l.33
01[10:43] {&Threei}  hmmm
01[10:43] {&Threei}  not delighted
[10:44] {Will49} frikken cats
[10:44] {dino} out deck .97, +.37
[10:45] {nemo} weak side on algo has REALLY expanded, and the indexes not dropping
[10:47] {drewj} i'm taking a break
[10:47] {+cc_9} adding FB .70
[10:48] {cipher} sgen stopped .24 -.09
[10:48] {+cc_9} crashing
[10:48] {+cc_9} 48.93 FB cost
[10:50] {cipher} getting ready for BTFD
[10:50] {+cc_9} whoa FB
[10:51] {nemo} 166.51 s2 spy
[10:51] {nemo} 66.93 fas
[10:51] {nemo} 105.10 iwm
[10:51] {cipher} REGN L .98
[10:52] {cipher} missed the bottom by a penny
[10:52] {cipher} in SPY
01[10:54] {&Threei}  another rinse
[10:55] {+cc_9} FB rolling over hard
[10:55] {nemo} it's getting close
[10:56] {nemo} spy is currently the fly in the ointment
[10:57] {dino} z sm l .11 wide, gappy
01[10:57] {&Threei}  &^#$(*&
[10:57] {nemo} bottom
[10:57] {+cc_9} FB 15min, not a single green candle since 8AM
[10:57] {cipher} TNA L.00
[10:58] {dino} regn sm l .20 risky
[10:59] {nemo} mmmhhh....iffy action
[10:59] {nemo} spy may want .50 level
[11:01] {dino} regn stop
[11:01] {cipher} out TNA -.17
[11:01] {dino} out z .63, +.51
[11:02] {nemo} you partialling in cc?
[11:03] {nemo} toss the women and children
[11:03] {+cc_9} nemo, im in FB yes
[11:04] {nemo} alright
[11:04] {+cc_9} FB bottom here
[11:05] {+cc_9} largest volume bar
[11:05] {nemo} into the gap
[11:05] {+cc_9} 3M
[11:05] {cipher} FB L.95
[11:06] {dino} z sm l .85
[11:07] {+cc_9} ACAD reversing
[11:07] {dino} pru hl l .70
[11:07] {cipher} fb bids
01[11:07] {&Threei}  frikin CAT almost 1:3
[11:07] {Will49} shhheeesh
[11:08] {dino} acad hl l .80
[11:08] {cipher} should go to .50
[11:08] {dino} deck sm l .10
[11:09] {+cc_9} damn it, ACAD was the play on this bounce
[11:10] {+cc_9} 11:06 cc_9 FB bottom here
[11:10] {+cc_9} lets hope this holds
[11:11] {dino} out acad .25, +.45 ty cc9
[11:11] {+cc_9} gj dino
[11:11] {nemo} well algo hit exhaustion levels 80% of the time when it hits those levels and drops, the bottom or top is in
[11:12] {cipher} out fb ..25 +.30
[11:13] {+cc_9} nice
[11:13] {dino} jazz drop
[11:13] {RonS} ...ese faints...
[11:14] {RonS} took pru midget ese size +.15  thanks dino
[11:14] {+cc_9} beautiful bottom on FB
[11:14] {dino} jazz sm l .72
[11:15] {nemo} clean off your keyboard cc?
[11:16] {dino} gj ron
[11:16] {+cc_9} FB still think $49 is doable
[11:16] {cipher} REGN gonna pop imo
[11:16] {nemo} vwap at 49.12
[11:17] {+cc_9} IWM losing steam again
[11:17] {nemo} fas and spy also
[11:17] {nemo} oh oh
[11:17] {nemo} don't pull the women and children back on the boat yet
[11:18] {+cc_9} FB bucking trend, im ok with that. Still would like to see .50s bid
[11:19] {dino} ecom sm l ave .07
[11:19] {nemo} selling pressure not dropping drastically
[11:20] {+cc_9} ACAD going back in, stop 23.40
[11:20] {+cc_9} FB giddy up, need .57
[11:20] {dino} out jazz .18, +.46
[11:21] {RonS} gj
[11:21] {dino} ty
[11:21] {ese} nice one Ron......missed that last crack
01[11:22] {&Threei} Long Setup:  JPM  .40 break
[11:22] {+cc_9} SPY putting a bottom in i believe
[11:22] {+cc_9} needs a last crack at 166.85
[11:24] {Alexs} jpm if holds .31?
01[11:25] {&Threei}  .30
01[11:25] {&Threei}  what's with weird numbers :)
[11:25] {RonS} soon going all ese with things like .3097...
[11:25] {Alexs} .32 is S2
01[11:26] {&Threei}  think of it this way:
01[11:26] {&Threei}  support and resistance levels are determined by people's perception
01[11:27] {&Threei}  how many are likely to pay attnetion to even numbers like .30 vs esoteric S2 which not many even know ehat refers to?
[11:27] {+cc_9} ACAd $24.00, should go some more
01[11:28] {&Threei}  changer to .30 break
01[11:28] {&Threei}  If holds  .22
[11:28] {Alexs} lol
[11:28] {Les} whats the call?
01[11:28] {&Threei}  JPM
[11:28] {+cc_9} FB back to 48 again
[11:29] {dino} jazz sm l .59
[11:29] {+cc_9} careful with pharmas
[11:30] {+cc_9} IWM @ session lows
[11:30] {Les} FAS make or break
[11:31] {Les} good morning
[11:31] {dino} wtf
01[11:31] {&Threei}  morning Les
[11:32] {Les} sorry if I offended you dino
[11:32] {dino} lol les, no jazz just bohica'd me
[11:32] {Les} :) yeh I guessed
[11:33] {+cc_9} FB held its LOD
[11:33] {cipher} SDS L.21
[11:34] {dino} 07 red and getting faster
[11:35] {+cc_9} looks like one of those tank and slow grind down days in mid day
[11:36] {dino} lvs hl l .75
01[11:37] {&Threei}  sigh
[11:41] {+cc_9} giving back ACAD on FB, sob
[11:42] {Les} bounce potential FAS .50 trigger
[11:43] {nemo} shoulda' been in at .41
[11:43] {RonS} vix hod 20.17
[11:43] {Les} yeh better r/r not sure we'e hit rock bottom
[11:43] {nemo} spy likely wants to test 166
[11:44] {nemo} confluence at 165.75
[11:46] {+cc_9} feels like the days of UVXY and TZA are nearing
[11:46] {+cc_9} the bounces have been smaller lately on each sell-off
[11:46] {nemo} now for the puke
[11:47] {ese} am outta here ladies and gents....have a great rest of the day
[11:47] {nemo} I'm beating the women and children over the head with the oar
[11:48] {Les} I'd do the same if you were in the3 water
[11:49] {nemo} if Les tries to make a joke and nobody laughs, is he really  there?
01[11:49] {&Threei} Short Setup: FB  .90 break
01[11:49] {&Threei}  If holds  47
[11:49] {Les} S3 for FAS
[11:50] {Les} dwelling in lowly places...
[11:51] {+cc_9} Let me sell FB first 48.57 Vad
01[11:51] {&Threei}  OK... I think I need to be removed from communication today
[11:52] {Les} dip buying time
[11:52] {nemo} S3 for fas 166ish for iwm, and just below S3 for IWM
01[11:52] {&Threei}  trading gods got offenede by the yesterday's beating and united for revenge today
[11:53] {nemo} 50 day on iwm is 104.30
[11:53] {+cc_9} Statement from the White House
[11:53] {Alexs} we need to sacrifice somebody
[11:54] {RonS} surrender to Obabble...
[11:54] {nemo} I nominate Les
[11:54] {+cc_9} alright FB, lets get through 48.60 already...
01[11:54] {&Threei}  (US) President Obama to conduct press conference at 1400ET
[11:55] {RonS} and plan on him being 15 min late...
[11:55] {+cc_9} market needs -500 day to get the vote going
[11:55] {cipher} TSLA L .08
[11:56] {+cc_9} Keep an eye on ACAD again
[11:56] {RonS} tsla $110k model best selling car in Norway...
[11:57] {cipher} trip l,48
[11:57] {+cc_9} back in light ACAd 23.02
[11:58] {nemo} GS is only down .60, something is up
[11:59] {cipher} out TSLA .19 +1.11
[11:59] {+cc_9} ACAD instant gratification
[11:59] {cipher} out TRIP .00 +.52
[11:59] {Les} yeh under 23 was nice entry point
[12:00] {Les} quick db in FAS would be nice
[12:00] {nemo} no bounce in the high betas
[12:01] {+cc_9} FB confirmed for piece of crap
01[12:01] {&Threei} Short Setup: JPM  .10 break
01[12:01] {&Threei}  If holds  .20
01[12:01] {&Threei}  if this one doesn't work, I eat my keyboard
[12:02] {nemo} maybe you could try another orifice
[12:02] {Les} here it is
[12:02] {Les} db
[12:03] {+cc_9} FB @ LOD
[12:04] {Les} no enthusiasm here
[12:04] {nemo} I could understand how that would be the case in your presence
[12:04] {Les} ah there we go
[12:04] {Les} go easy, was gonna jab at your sex life with that liner
[12:05] {nemo} got to it before you did...leave the bunny out of this...she's sensitive
[12:05] {Les} hehehe
[12:06] {+cc_9} ACAD one of the few that worked well today
[12:06] {+cc_9} market still taking a crap, FB dead
[12:07] {nemo} beta dead
[12:07] {Les} yeh fas turning inverted c&h
[12:07] {+cc_9} 11:21 cc_9 FB giddy up, need .57
[12:07] {+cc_9} amazing, it went to .57 to the penny before dropping
[12:07] {nemo} very precarious here, offers holding, nobody offering down yet
[12:08] {nemo} with OBama at 2:00 we could be staying weak
[12:08] {+cc_9} oh which nemo ?
[12:08] {nemo} algo
[12:08] {nemo} measures tow types of weakness
[12:09] {nemo} weak stocks, and those where there actually stepping down in the offer
[12:09] {nemo} huge number of weak, not that many stepping down
[12:09] {nemo} if the stepping down increases it's gonna get messy
[12:09] {cipher} amgn l.76
[12:10] {cipher} mygn l.15
[12:10] {nemo} weakness starting to ebb a bit
[12:11] {nemo} GS still only down .90
[12:14] {+cc_9} idk about that nemo, SPY bcak near lOD and on low vol
[12:14] {nemo} 165.75ish should hold
[12:16] {+cc_9} thats half a handle
[12:16] {nemo} o.k
01[12:16] {&Threei}  are you kidding me? FB is another rinse
[12:16] {nemo} beta not the place to be today Vad
01[12:17] {&Threei}  just why havn't ou told me so before the open
[12:18] {nemo} http://read.bi/GJxhKC
[12:18] {+cc_9} flat everything, waiting for  bottom on everything
[12:18] {+cc_9} if this here ends up being "the' bottom, I will do what nemo said
[12:18] {+cc_9} salt and season neighbors
[12:19] {+cc_9} SPY testing double bottom
[12:20] {nemo} iwm at 50 day
[12:21] {Will49} Well, that's it for me....out to the pool to talk about dimentia and other forgettable things
[12:21] {Will49} see ya tomorrow
[12:21] {nemo} spelling too?
[12:21] {Will49} yeah..
[12:23] {+cc_9} FB wow
01[12:23] {&Threei}  I meanwhile am going to make a snack out of my keyboard
[12:23] {dino} something you don't see everyday dji -90 comp -68
[12:24] {nemo} now, do yo buy 166, or wait?
[12:25] {nemo} gap close around .20 on faceplant
[12:27] {nemo} partialling in CC?
[12:28] {+cc_9} im going to wait until the Tzar speaks at 2PM
[12:28] {nemo} this wa probably it
[12:29] {nemo} fas and spy tested the whole, and IWM tested the WS2
[12:29] {nemo} P down over 10%
[12:30] {dino} ecom sm l .01
[12:31] {+cc_9} see nemo
[12:31] {+cc_9} not worth it at this point.
[12:31] {dino} acad sm l .66 ave
[12:34] {+cc_9} nice dino, you should be good on that one
[12:35] {dino} out acad .07 +.41
[12:36] {cipher} tsla l .02
[12:37] {dino} ddd hl l .90
[12:38] {cipher} out tsla .07 +1.05
[12:39] {Les} nice one
[12:39] {dino} gj
[12:40] {nemo} fb gap close
[12:42] {cipher} amgn l.01
[12:45] {cipher} out .11 +.10
[12:45] {cipher} ctsh l.67
[12:45] {cipher} ibb l.78
[12:46] {cipher} out ctsh .83 +.16
[12:48] {dino} out ddd .27, +.37
[12:48] {dino} got lucky, out jazz .22 +.63
[12:49] {nemo} Here's your level confluence between the indexes:  http://t.co/YhwY1gSi06
[12:50] {cipher} out ibb .15 +.38
[12:53] {cipher} ibb l .87
[12:55] {cipher} sso l .65
[12:56] {nemo} gap holding in FB
[13:02] {Les} great sso entry ci waited .70 for confirmation
[13:04] {Les} weak ass day
[13:06] {cipher} HEADFAKE IMO
[13:06] {cipher} sorry caps
[13:07] {dino} out most ecom .55, +.45
[13:07] {cipher} wer're going higher imo
[13:08] {cipher} SSO target around 83.20
[13:08] {Les} yeh but still stopped out for a scalp. pulling teeth
[13:08] {dino} probably until oblabber talks at 2 and says not his fault
[13:22] {RonS} the real story hidden in all the malarkey:  http://tinyurl.com/k4ltycy
[13:27] {+cc_9} flat line until 2PM
[13:30] {cipher} out IBB .45 +.58
[13:32] {cipher} out sso .80.15
[13:32] {RonS} gj
[13:33] {cipher} no patience calling it a day
[13:33] {cipher} cya
01[13:34] {&Threei}  take care cipher
[13:36] {dino} gotta hop for half hour or so
01[14:08] {&Threei}  are we fashionably late as usual
[14:08] {+cc_9} SPY fresh lows
01[14:09] {&Threei}  really want to short JPM 51
[14:09] {RonS} O say can you see?  Helll no, he's late again...
01[14:09] {&Threei}  or right here
01[14:09] {&Threei}  lol Ron
01[14:09] {&Threei}  but any word from high above can change things on a dime
[14:10] {+cc_9} more blame game
[14:10] {+cc_9} the market needs -500 day for people to really pay attention
[14:10] {nemo} that's politics
[14:11] {+cc_9} orangeman spoke earlier, obaman speaks now
[14:11] {+cc_9} one counters the other, market goes nowhere
[14:11] {dino} my bet too cc9
[14:11] {nemo} and gaps up in overnight futures
[14:14] {dino} here comes the king
[14:14] {+cc_9} all hail
[14:14] {nemo} Here comes the bride...
[14:15] {RonS} Les on stage?
06[14:15] * Les slaps RonS around a bit with a large trout
[14:16] {RonS} lol
[14:16] {Les} IWM 104 test
[14:16] {dino} not budging
01[14:18] {&Threei}  US) President Obama: Reiterates government must reopen before negotiations begin, Congress cannot demand a ransom for doing its job- Happy to talk to the Republican leaders about "anything," but should not require having economic chaos held over our heads. Congress needs to lift its threats before work begins.
[14:20] {dino} hain spike
[14:20] {+cc_9} If congress does not etc...America will not be able to...
[14:21] {Les} ideologue thinks he'll burn the Republicans good...
01[14:22] {&Threei}  - Democrats have shown plenty of openness to holding talks. Republicans have not offered serious negotiating positions.
[14:22] {Les} 104 iwm sticking
[14:22] {Les} etc etc
[14:23] {+cc_9} they are both burning the American people
[14:24] {Les} yeh seeing rise of 3rd party in UK. Wonder what America's answer will be in '16
[14:24] {nemo} SIEG HEIL!!!
[14:24] {RonS} or the Chinese...take yuor pick cc...
[14:24] {+cc_9} CHINA STRONK!
[14:25] {nemo} frickin' guai lo
[14:25] {RonS} hain reversal wow
[14:25] {dino} hain drop now
[14:27] {+cc_9} lol @ cutting loopholes for the wealthy
[14:27] {dino} hain sm l .30
[14:27] {+cc_9} FB going up on the obama likes rate
[14:27] {dino} out hain .38, +1.08
[14:27] {+cc_9} "i got a new obama phone!" like if you got one
[14:28] {Les} ballsy dino
[14:28] {Les} but huge swings outside the bb's for HAIN
[14:28] {RonS} why his friends call him "brass"...
[14:29] {+cc_9} ugh, i did not see the hain alert on time
[14:29] {+cc_9} nice one ron/dino
[14:29] {dino} ty, lol ron
[14:30] {RonS} Hain Celestial $HAIN sees Q1 Adj. EPS USD 0.47 - USD 0.51 vs. Exp. USD 0.55
[14:32] {+cc_9} knee jerk
[14:33] {nemo} looks like selling not over yet
[14:33] {+cc_9}  Q1 revenue $472M-$477M, cons. $466.4M." Usually the reverse.
[14:34] {+cc_9} copied from ST for HAIN
01[14:40] {&Threei}  - Allowing a default could permanently increase US borrowing costs, would hurt 401Ks and raise mortgage costs. One week of uncertainty is already hurting consumer confidence and causing businesses to rethink their planning. US can't afford these manufactured crises every few months; it hurts our credibility with the world. - Still hopeful that Congress will not put us in a position where we must prioritize the debt
01[14:44] {&Threei}  as if he was not an active participant of manufacturing those crises
[14:44] {nemo} http://bit.ly/19dGYcy
[14:44] {nemo} http://bit.ly/19dDtmc
[14:45] {nemo} all about inflicting the most pain-Democrats love us when we're not necessary sacrifices as pawns in their political game
01[14:45] {&Threei}  well, to be fair, that goes for both sides
01[14:46] {&Threei}  a pox on both, so to speak
[14:46] {Les} market doesn't appear impressed with his yapping
[14:47] {nemo} yes, but one would think the people loving democrats would make this as painless as possible...they're making it as painful as possible
[14:47] {dino} its not about doing whats right...its about votes
[14:47] {dino} getting re-elected
[14:47] {nemo} if you're claiming the higher road your actions should reflect it...hypocrisy is the rule of the day
[14:48] {RonS} wbmd needs a doctor...
[14:48] {dino} agreed. they ct like a bunch of grade school kids...he said/she said garbage
01[14:51] {&Threei}  they have easy justification nemo:
[14:52] {nemo} anybody can create a justification:  fucking twinkie defense
01[14:52] {&Threei}  for the good of people they need to get rid of repubs, so they azre willing to inflict short temr pain on those same people
[14:52] {+cc_9} HAIN closing in on LOD
01[14:52] {&Threei}  for their own good, you know
[14:53] {Les} IWM hanging on by fingernails...
[14:55] {RonS} shoo and hbi skidding...
01[15:01] {&Threei}  (US) Senate Majority Leader Reid (D-NV) confirms to introduce legislation for clean debt ceiling raise through to 2014- Notes that President Obama has put his fiscal reforms into writing, and has not yet heard a response from the GOP - Senator McCain (R-AZ): Opposed to any 'clean' and unconditional increase to the debt ceiling ; budget negotiations are needed - Senate Minority Leader McConnell (R-KY): Voters gave us a divided Govt, parties must talk
[15:03] {RonS} hey nemo, who was it?  Burr and Hamilton who knew how to settle things?
[15:03] {nemo} yeah
[15:08] {nemo} CC you seeing any setups
[15:08] {nemo} ?
[15:11] {nemo} big sell imbalances
[15:13] {nemo} 1 billion
[15:13] {RonS} algos?
[15:13] {nemo} through my buddy at kirshner
[15:13] {nemo} early big sell imbalances
[15:13] {RonS} ah
[15:15] {nemo} on the algo I watch there hasn't been a single strong stock since 9:45
[15:16] {nemo} Yum almost popped it's head up a few minutes ago,ohh here it is almost
[15:16] {RonS} reports ah i think...
[15:17] {Les} http://tinyurl.com/lrfz8he
[15:18] {Les} To my friends on the Greek left: It's sickening to watch you cheer the arrest of Golden Dawn parliamentarians.  Mark my words: You are next...
[15:18] {Les} someone in the media world gets it
[15:20] {nemo} yum turned on strong
01[15:21] {&Threei} Long Setup:  GDX  .80 break
01[15:21] {&Threei}  If holds  .70
[15:27] {nemo} GS almost flat
01[15:36] {&Threei}  shrug
01[15:36] {&Threei}  some days are better to stay in bed
[15:40] {RonS} really?  President Obama apologizes for government dysfunction | http://bloom.bg/1gnRwuB
[15:42] {nemo} well, time to go screw the dog and beat the wife
[15:44] {dino} thinking thats backwards
[15:44] {RonS} lol
[15:44] {Les} thinking thats nemo
01[15:44] {&Threei}  backwards? it's nemo
[15:44] {RonS} lol
[15:45] {RonS} "man, is that dog ugly, but the pooch is rather striking"
[15:46] {nemo} ron dino dcc
01[15:47] {&Threei}  this is a good one to puzzle ESL folks Ron
[15:48] {nemo} tomorrow should be really niteresting
[15:48] {nemo} interesting
[15:50] {Les} seeing you electrecuted would be interesting
[15:50] {Les} outta here a+
01[15:50] {&Threei}  lol
01[15:51] {&Threei}  take care les
[15:51] {dino} may be crazy, but adding small shares bofi and z. somethings got to give soon, imo
[15:52] {nemo} Gawd....if he only knew
[15:54] {+cc_9} ok mecs, a+ aussi
[15:54] {nemo} ?
[15:55] {nemo} what did CC mean?
01[15:57] {&Threei}  thank you all, have a good evening
01[15:57] {&Threei}  see you tomorrow
[15:58] {Alexs} gn ty

Monday, October 7, 2013

Oct 7 2013

Perfect start to the week, with 6 wins out of as many calls, last of them being 1:3er. What can be better than 100% day... Calls covered both long and short, and mostly usual suspects - GDX, C, CAT, FAZ, WMT...


Session Time: Mon Oct 07 00:00:00 2013
[09:00] {nemo} hey fish, aren't you supposed to be speaking korean?
[09:03] {fish_49} Wednesday
01[09:04] {&Threei}  unless govt shutdown closes airports
[09:05] {fish_49} hmmmm  I am flying out of DC I guess anything is possible.  It would be a long swim with luggage and wife...
[09:05] {nemo} Republicans stuck both barrels in their mouths on this one
[09:06] {fish_49} I agree
[09:06] {fish_49} Whats GS  doing in premarket?
[09:06] {nemo} down .84%
[09:09] {+cc_9} good morning
01[09:11] {&Threei}  cc9 :)
[09:14] {drewj} morning all
01[09:15] {&Threei}  drew :)
[09:19] {Will49} gm
[09:19] {fish_49} gm Drew
01[09:19] {&Threei}  will :)
[09:20] {drewj} hi fish
[09:21] {robbers} Take some nice pictures this weekend, Vad?
[09:21] {RonS} howdy from the land of health care bankruptcy and national debt default...
01[09:21] {&Threei}  lol ron
01[09:21] {&Threei}  definitely robbers
[09:21] {fish_49} What a large gap  Do we rally up to gap or continue south?
[09:22] {Les} you in France Ron?
01[09:22] {&Threei}  head up to my FB page for a few mind-boggling sunsets
[09:22] {robbers} Can you post the link later this morning?
06[09:22] * Les slaps fish for being funny at his expense on Friday
01[09:22] {&Threei}  https://www.facebook.com/VadymGraiferPhotography
[09:22] {fish_49} OHHH Les I forgot was it funny?
06[09:23] * Les slaps Nemo for trying to be funny at his expense
[09:23] {Les} dunno, Ron laughed. Not sure that qualifies :P
[09:24] {Les} death of one of the greats of 20th C
[09:24] {Les} http://en.wikipedia.org/wiki/Vo_Nguyen_Giap
[09:25] {RonS} similar to stock market today...giap down...
[09:25] {Les} hehe
[09:26] {Will49} :) Ron
[09:26] {Les} if washington only listens to their stock portfolio, perhaps a good slapping coming
[09:27] {ese} gm
06[09:27] * Les slaps ese around a bit with a large trout
[09:27] {ese} phew....thank you
01[09:27] {&Threei}  ese :)
[09:27] {ese} i am here ...i am here
[09:27] {ese} morning vad
[09:27] {Les} that's a pre-emptive 'I love Obama' slapping there ese
[09:28] {Alexs} gm
01[09:28] {&Threei}  alex :)
01[09:28] {&Threei}  "America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to 'oppose' the effort to increase America’s debt limit." ~ Sen. Barack Obama, March 16, 2006
01[09:33] {&Threei} Short Setup: C  .40 break
01[09:33] {&Threei}  change to .45
01[09:33] {&Threei}  If holds  .50
[09:33] {ese} lol les
[09:34] {nemo} ese, email
01[09:35] {&Threei}  1:1
[09:36] {ese} just noticed that nemo.....neil peart......easily in my opinion the best drummer in rock.....will look at that in a minute
[09:36] {fish_49} ty Vad
01[09:36] {&Threei}  yw... increasing your percentage with C :)
01[09:36] {&Threei}  Will and CAT are next
[09:36] {fish_49} yea no longer a fear
[09:36] {Will49} run away, run away
01[09:36] {&Threei}  lol
[09:36] {fish_49} I scalped it a few times last week for 6 cents each
[09:37] {drewj} i couldn't short it...says it not shortable
[09:37] {nemo} slow open...not putting any pressure on my systeem
[09:37] {fish_49} Wil go into cat with one eye closed  makes the pain half as bad
[09:37] {Will49} haha
01[09:38] {&Threei} Long Setup:  GDX  .45 break
01[09:38] {&Threei}  If holds  .35
[09:39] {dino} z getting luv
[09:40] {cipher} tna l .33
[09:40] {+cc_9} guys...the dip
[09:40] {+cc_9} you know...yea you know
[09:40] {cipher} ibb l.39
[09:40] {cipher} BTFD
[09:41] {dino} regn smr l .68 wide
01[09:42] {&Threei}  let's exit half
01[09:42] {&Threei}  a bit too sharp spike
01[09:42] {&Threei}  stop to .39
[09:43] {nemo} finnies having trouble
[09:43] {nemo} if they don't go up the indexes won't
[09:43] {nemo} that fata morgana GS is near it's lows
01[09:43] {&Threei}  now stop to .44
[09:44] {fish_49} out in full
[09:44] {fish_49} thanks Vad
[09:44] {+cc_9} }in the year 2013 of our Lord and Savior
[09:44] {+cc_9} }not buying the dip
[09:44] {+cc_9} }i sure hope you guys don't do this
[09:45] {cipher} out ibb .02 +.51
01[09:45] {&Threei}  yw fish
[09:45] {dino} z sm l .75 ave
[09:45] {fish_49} You changing to STFR  CC?
[09:45] {cipher} out tna .85 +.52
[09:45] {drewj} where is 1:2 then?
01[09:46] {&Threei}  where it awlays was, at .65
01[09:46] {&Threei}  it doesn't change
01[09:46] {&Threei}  the way we handle it may
[09:46] {dino} 07 green
[09:46] {cipher} we're goping up
[09:47] {Les} groping?
01[09:47] {&Threei} Short Setup: C  .45 break
01[09:47] {&Threei}  If holds  .50
[09:47] {cipher} -p
01[09:47] {&Threei}  lol
01[09:47] {&Threei}  Invalidated
[09:47] {cipher} afop l.20
[09:48] {cipher} tna re-entry l .95
[09:48] {+cc_9} BTFD trade }}} http://img62.imageshack.us/img62/8408/f4w8.jpg
[09:49] {cipher} 4 more points on ES to target
[09:49] {fish_49} GJ CC
[09:49] {+cc_9} ty fish!
[09:49] {+cc_9} these are days i enjoy waking up to
[09:49] {cipher} out tna .25 +.30
[09:50] {fish_49} NQ looks short
[09:50] {cipher} not yet
[09:50] {cipher} just a pullback
[09:50] {dino} out z -.25
[09:52] {cipher} SSO l.26
[09:54] {cipher} out afop .59 +.39
01[09:58] {&Threei} Short Setup: CAT  .55 break
01[09:58] {&Threei}  If holds  .65
01[10:00] {&Threei}  Will, this should help you cope... https://www.facebook.com/photo.php?fbid=588752701146380&set=a.531889226832728.115382.531815893506728&type=1&theater
01[10:00] {&Threei}  1:1
[10:01] {cipher} out sso .20 -.06
[10:01] {fish_49} ty Vad
01[10:01] {&Threei}  yw
[10:01] {Will49} Das had us resetting platform due to problems shorting--so i missed CAT
01[10:01] {&Threei}  ugh
[10:02] {fish_49} hahaha
[10:02] {fish_49} sure it did will
[10:02] {Will49} platform has had problems right from opening
[10:04] {cipher} TNA  l.50
[10:04] {cipher} SSO L.16
[10:04] {nemo} gdx
[10:06] {cipher} NXST L.44
[10:06] {cipher} BTFD
[10:07] {+cc_9} Now you get it
[10:07] {+cc_9} slight pullback ? btfd
[10:07] {cipher} 2 more points to target on ES
[10:07] {+cc_9} IWM lagging behind SPY, should get a nicer push
[10:08] {cipher} big boys games
[10:09] {cipher} 1 more pt
[10:09] {fish_49} how did I miss the ES trade grrr
[10:10] {fish_49} GJ cipher and good call on NQ
[10:10] {cipher} no idea fish
[10:10] {cipher} just follow the tape
[10:10] {cipher} big money
[10:11] {cipher} final spike coming soon
[10:11] {cipher} then pullback
[10:11] {cipher} spike :)
[10:12] {ese} nemo ya there?
[10:12] {+cc_9} go SPY go
[10:12] {+cc_9} IWM being a mule
[10:12] {Will49} so there you go
[10:13] {+cc_9} I read the first letters of the ECNs on TNA and they read
[10:13] {+cc_9} "you must sell first before it goes up"
[10:13] {+cc_9} they know...
[10:14] {cipher} out tna .99 +.45
[10:15] {ese} nemo?
[10:15] {cipher} out SSO.67 +.51
[10:15] {cipher} this is it
01[10:15] {&Threei} Short Setup: WMT  .15 break hl
[10:15] {cipher} for now at least
[10:15] {ese} c    good one
01[10:15] {&Threei}  If holds  .25
[10:15] {cipher} out NXST .83 +.39
[10:17] {cipher} my ES trade made my month
01[10:17] {&Threei}  1:1
01[10:18] {&Threei}  wtg cipher
[10:18] {cipher} thx
[10:18] {cipher} ese size
[10:18] {ese} ouuuuuuu awesome
[10:18] {cipher} learning from the best :)
[10:18] {Will49} good on ya cipher
[10:18] {ese} that would be dino and vad
[10:19] {ese} nemo?
[10:19] {nemo} ese??
[10:19] {cipher} sure took bits and pieces from all of you
[10:20] {dino} gj
[10:20] {ese} finished watching that peart interview.......it was terrific....thats a man that i have alot of respect for
01[10:20] {&Threei}  careful with nemo's bits and pieces, they are soaked in mercury and cyanide
[10:20] {nemo} brilliant guy
[10:21] {nemo} they are a remarkably skilled group also
[10:21] {ese} am going to show my high school RB band that interview
[10:21] {nemo} true artist
[10:21] {ese} he is a very briliant guy
[10:21] {ese} yes indeed
[10:21] {nemo} genuine...I want to get that book he wrote about his sojourn after his wife and daughter died
[10:22] {cipher} DECK l .67
[10:22] {ese} the fellow who did the doc on Rush "Behind The Lighted Stage" is SAm Dunn....he was the first Bass Player of my high school band the Vic High R&B band
[10:22] {ese} 1990/91
[10:23] {nemo} yeah, I'll have to watch that too
[10:23] {nemo} gruind up again
[10:23] {fish_49} NQ filled Gap
01[10:23] {&Threei}  GDX returned to uts reverse mode
[10:24] {ese} it's very good............all rock bands should be like those guys in terms of the way they get along...professional attitude....there are just so many things they do right
[10:24] {nemo} makes sense with the indexes grinding up
01[10:24] {&Threei}  yes but in the morning it went with SPY
[10:25] {ese} spy approaching pivot....break through that and it should be an up day
[10:25] {nemo} like a hedge, now it's off
[10:25] {nemo} here were the spy fas levels this morning:  http://bit.ly/17bEI3o
[10:26] {cipher} out DECK .77 +.10
[10:26] {cipher} calling it a day
[10:26] {cipher} cya
[10:27] {dino} gj
[10:27] {Will49} adios cipher
01[10:27] {&Threei}  take care cipher
[10:33] {dino} lqdt hl l .00
01[10:37] {&Threei} Short Setup: CAT  .45 break
01[10:39] {&Threei}  Invalidated
[10:41] {Will49} just tryin' to keep me awake Vad?
[10:41] {dino} z sm l .51
01[10:41] {&Threei}  lol
01[10:41] {&Threei} Long Setup:  FAZ  .75 break
01[10:41] {&Threei}  If holds  .65
[10:41] {fish_49} Out WMT  thanks Vad
01[10:43] {&Threei}  :)
01[10:50] {&Threei}  changr to .70 break
01[10:50] {&Threei}  If holds  .65
[10:53] {drewj} no go?
01[10:56] {&Threei}  ?
01[10:56] {&Threei}  invalidated
[10:58] {dino} lqdt stop .72 -.28
01[11:00] {&Threei}  http://www.buzzfeed.com/juliapugachevsky/foods-russians-grew-up-with
01[11:01] {&Threei}  FAZ got away
[11:01] {fish_49} I see that
[11:01] {fish_49} took it's time to decide
01[11:05] {&Threei} Short Setup: WMT  72 break
01[11:05] {&Threei}  If holds  .10
[11:05] {fish_49} Strong winds in Russia today?
[11:05] {fish_49} Had a problem keeping the torch burning
[11:08] {Les} I heard Putin sold the gas to Germany
[11:12] {nemo} 168.18 is 50 day on spy
[11:12] {nemo} I lied:  .16
01[11:16] {&Threei}  - Hopes of progress on the fiscal logjam were dashed over the weekend as President Obama and the Congressional Republican leadership retreated to inflexible positions on Sunday talk shows.
[11:16] {Les} seriously...? talk shows?
[11:21] {fish_49} someone step on WMT for another penny
01[11:22] {&Threei}  1:1
[11:22] {fish_49} 1:1
[11:23] {fish_49} out here  thanks vad +13
[11:23] {jdetente} morning gentleman
[11:23] {fish_49} JD
[11:23] {jdetente} how's the day been?
[11:23] {fish_49} awesome
01[11:23] {&Threei}  jd :)
01[11:24] {&Threei}  4:4, or 5:5... my math is fuzzy, as demonstrated by alex on friday
[11:24] {jdetente} sweet!
[11:24] {fish_49} Vad had his fix of the new camera this weekend.  Came to work this morning ready to work...
[11:24] {Alexs} 5:5 today :)
01[11:25] {&Threei}  thanks alex, I rely on you to keep me on a straight path
01[11:25] {&Threei}  because when I try to count fingers on my hands 3 times, I get 4 different results
[11:25] {Alexs} lol
[11:26] {fish_49} Alex  good in math calculating all the sharing he needs to collect on
[11:27] {Alexs} all progressives are good in math
[11:27] {jdetente} always calculating how they get over on the rest of society??
01[11:27] {&Threei}  hehe
[11:28] {jdetente} chin in air
[11:28] {jdetente} sticking out waiting to get popped
[11:31] {Alexs} I hope to win Nobel Prize in economics calculating Vad's trades
[11:36] {nemo} wow spy volume only 38 mil
[11:44] {fish_49} what was the deadline for the debt ceiling?  October 17?
[11:46] {dino} thats what they say, but there are ways around it
[11:53] {Will49} excellent morning Vad
01[11:54] {&Threei}  :)
[11:54] {Will49} going to catch some rays...see ya tomorrow
01[11:54] {&Threei}  take care will
[11:54] {RonS} ntes blood
[12:02] {dino} ntes sm l .90
[12:05] {+cc_9} NTES volume slowing down
[12:09] {RonS} pool closed?
[12:09] {Will49} finally got an ethernet connection !
[12:09] {Will49} the wifi is terrible here
[12:09] {Will49} so, just testing for tomorrow
[12:10] {Will49} peace Ron
[12:11] {Les} will wants his cake and eat it too hey. poolside trader...
[12:16] {dino} deck sm l .97
[12:23] {fish_49} My Students are very happy today and wish to extend a big thanks to Vad
[12:23] {nemo} are you sharing with Vad?
01[12:23] {&Threei}  cool beans
[12:24] {fish_49} On this note , I'm done trading for a month or so...  Great way to finish out
01[12:27] {&Threei}  have a safe trip. fish
[12:27] {fish_49} thanks  see you all when I get back
[12:27] {fish_49} someone keep an eye on the earnings of Alex  I fully expect my share when I return
01[12:29] {&Threei}  well, the problem is, someone has to calculate that, and that person is Alex too
[12:29] {Alexs} :)
[12:37] {dino} out ntes ave .20, +.30, thks for heads up ron
[12:38] {RonS} np
[12:56] {Les} wmt caving
01[13:11] {&Threei}  (US) Senate Democrats preparing legislation to allow president Obama to raise the debt ceiling; 2/3 would be required to block the bill
01[13:12] {&Threei}  (US) President Obama: eager to sit down with Republicans to discuss healthcare and other issues after the debt ceiling has been raised
01[13:12] {&Threei}  eager, eh?
01[13:12] {&Threei}  I am sure the notes for his speech will be "nyanya nyanyanya"
01[13:13] {&Threei}  (US) China Fin Min Lou Jiwei: China makes the reasonable demand that the US guarantee the safety of its investment in US assets, failure to raise the debt ceiling would have global ramifications
[13:17] {Les} iwm dt?
[13:18] {Les} at the vwap
01[13:18] {&Threei}  at 105.90?
01[13:18] {&Threei}  yes but hindsight is, you know... :)
[13:18] {Les} no here
[13:18] {Les} 106.15 is vwap
01[13:18] {&Threei}  oh, dt
01[13:18] {&Threei}  nah
01[13:19] {&Threei}  in 2006, ALL DEMOCRATS in the Senate voted AGAINST RAISING THE DEBT CEILING, final vote 52-to-48
[13:19] {Les} k noticed the price spike on first go
[13:19] {Les} vol. spike
[13:25] {Les} could turn into jbe if they wanna ram it up
[13:33] {RonS} lol...no wonder nemo is quiet...‘Sugar Daddy’ Dating Sites Say Government Shutdown A Huge Boost To Sign-Ups  http://cbsloc.al/GJ1QjN
01[13:35] {&Threei}  lol
[13:38] {nemo} not bad
[13:38] {Les} Nemo permitted age group for that site?
[13:39] {nemo} ?
[13:39] {Les} sugar babes for geriatrics?
[13:41] {RonS} guess aussies don't have the expression...
[13:41] {nemo} Les wouldn't know, he's a shortbusser
[13:41] {Les} fizzle
[13:42] {Les} http://www.urbandictionary.com/define.php?term=short%20busser
[13:43] {Les} yeh I'm a retard
[13:43] {Les} in the right place
[13:45] {nemo} he had to look it up
[13:45] {Les} short bus... only in america
[13:46] {RonS} check drudgereport.com for pix of Putin getting his sugar daddy on...
01[13:51] {&Threei}  why not, he is single now
[13:53] {RonS} "Honey, I'm too old for you, and you're too old for me."
01[13:53] {&Threei}  love that one
[13:54] {RonS} ya, classic...
[13:56] {+cc_9} DECK reversal
[13:56] {RonS} 64 break should get 50 cents short cover rally...
[13:58] {RonS} some analyst at a firm never heard of complaining that they are starting to use a sheepskin subsitiute...
[13:58] {RonS} guy on twitter sayd maybe they are after the Peta market...hehe...
[13:58] {RonS} says
[14:01] {Les} "I was laughing at Boehner -- until the mail came today,"
[14:01] {Les} Obamacare bill time...
[14:02] {nemo} I'm seeing alot of people on my twitter feed claiming their premiums are doubling and tripling
[14:06] {RonS} ya, going to have to drop coverage here...
01[14:06] {&Threei}  seriously?
[14:06] {nemo} Vad, this system is gonna' cause major dislocations for years
01[14:07] {&Threei}  I have zero doubt about that
[14:07] {nemo} Goes back to my comments about reeingineering craze in the 90's
[14:07] {nemo} 80+% of COMPANIES that undertook major reeingineering efforts FAILED
[14:08] {nemo} they're trying to reengineer an entire industry
[14:08] {RonS} 17% of US economy...
[14:09] {nemo} what's worse, is the political environment is a factor that, although there were internal corporate politics in that effort, their's were not nearly as complicated as the US political system
[14:09] {RonS} screw all of them, will bet my life, but stop the rape...
[14:11] {dino} they can't even run medicare and medicaid profittably, what makes you think they can take over the rest of it
01[14:13] {&Threei}  well... this guy's election promised to be a disaster, and that's one promise he does his darnest to keepo
[14:14] {Les} he's helping to strangle the US consumer
[14:14] {RonS} those who do pay won't be able to buy other things...US will go into recession...employment will go up 'cause no full time jobs...
[14:15] {dino} well thats the kicker, 30 hours considered full time now because of obamacare, so schools and businesses are cutting hours back under 30
[14:15] {nemo} I love this one:  http://bit.ly/GJakaF  of course fucking with WWII vets was o.k.  This is more politically correct.
[14:15] {RonS} but at least one good thing...
[14:15] {RonS} ...it will be Bush's fault...just ask ese...
[14:18] {RonS} CA allowing illegal immigrants to practice law now...beam me up Scotty...
[14:18] {nemo} I know it would probably be the end of me also, but I'm almost hoping for a Carrington Event
[14:19] {+cc_9} DECK $64 test
[14:19] {nemo} should get back to 64.50 at least if the indexes stay strong
[14:19] {RonS} do tell nemo por favor...
[14:19] {nemo} look it up...
[14:20] {nemo} http://bit.ly/GJbd31
[14:20] {nemo} we get one of these today, society in the US is over
[14:20] {RonS} oof, that was bad...
[14:21] {nemo} almost every computer and network in the country, including the ones in your cars and trucks, would cease to work
[14:21] {nemo} electric grid toast
[14:21] {nemo} telegraph wires melted
[14:22] {nemo} no planes, no trains...nothin'
[14:22] {nemo} DEAD DEAD DEAD DEAD DEAD
[14:23] {nemo} then we'll see human nature at it's altruistic best
[14:23] {nemo} ;-)
01[14:23] {&Threei}  3 days
[14:23] {nemo} yep, average supermarket has three days of food...but water systems will shut down, well pumps, everything
[14:23] {Les} mail order me some AR's with ammo will ya
01[14:24] {&Threei}  that's how long it takes for the crowd to go from "we are in this together" to "I'll survive at any cost, including your life" in a disaster
[14:24] {Les} don't think the Titanic took 3 days to get people in that state :)
[14:25] {nemo} Keep lotsa' salt in storage, you want to kill butcher and salt as many of your neighbors as possible before they rot
01[14:25] {&Threei}  titanic case had very limited time frame
[14:25] {nemo} the salt will actually accentuate the naturally sweet taste of human flesh
01[14:26] {&Threei}  I am talking about situation when disaster strikes and leaves people with no access to conventional sources of sustenance
[14:26] {+cc_9} DECK closing it on that $64
[14:26] {nemo} Yeah, I remember that airplane crash in the 70's for some soccer team in the Andes
[14:26] {nemo} they ended up eating their compatriots
[14:27] {nemo} The Pope absolved them
[14:27] {Les} cool so it's legal then
[14:27] {nemo} http://imdb.to/GJc5EL
[14:28] {nemo} well considering their position on alter boys, what are they going to say?
[14:28] {nemo} altar
[14:29] {Les} you goin' straight to hell for that one
[14:29] {nemo} think deck looks short here...moment of truth
[14:29] {Les} yeh
[14:29] {nemo} I'd rather spend eternity with my friends
[14:33] {+cc_9} nemo, it was a rugby team
[14:33] {nemo} fine
[14:33] {+cc_9} they had to eat man butt jerkey to survive. there is an old movie about it
[14:34] {nemo} cc get with the program:  [14:28] {nemo} http://imdb.to/GJc5EL
[14:34] {+cc_9} yes, that one, seen it too many times
[14:34] {+cc_9} nemo, sorry just checking in
[14:35] {nemo} that's o.k. I enjoy it when you stick your chin out like that
[14:36] {+cc_9} DECK looking dogish
[14:36] {+cc_9} no break
[14:36] {+cc_9} sideways action
[14:38] {+cc_9} 14:25 nemo Keep lotsa' salt in storage, you want to kill butcher and salt as many of your neighbors as possible before they rot
[14:38] {+cc_9} brb guys
[14:38] {dino} cp hl s .90
[14:40] {nemo} spy just walking along the 50 sma
[14:43] {+cc_9} DECK fading like a dog
[14:47] {RonS} sorry in advance...swooning like a sheep in Les' embrace?...
[14:48] {RonS} if Will was here would say that was...baaaddd...
[14:48] {nemo} nice Ron!
[14:49] {nemo} wish I'd thought of that
[14:49] {+cc_9} DECK @ LOD range
[14:50] {Les} lol
[14:55] {dino} deck hl l .30
[14:57] {dino} cp will not drop, cov .88 +.02
[14:57] {dino} z l .25 hl
01[15:21] {&Threei} Long Setup:  FAZ  .75 break
01[15:21] {&Threei}  If holds  .65
[15:23] {+cc_9} DECK coming back, market falling
[15:23] {+cc_9} lovely
[15:25] {dino} out deck .55 +.25
[15:27] {nemo} 65 million spy traded
[15:29] {+cc_9} DECK some vol now
01[15:34] {&Threei}  1:1
[15:34] {nemo} GS at it's lows
[15:45] {+cc_9} should be a tricky close, im thinking snap back up
[15:45] {+cc_9} we close } $168
01[15:46] {&Threei}  1:2
01[15:46] {&Threei}  life is better and better
[15:46] {Alexs} nice call Vad
[15:46] {nemo} not seeing it CC, looks like they might sell this into the close
[15:47] {nemo} this is last price support until lows here
01[15:47] {&Threei}  ty alex
[15:48] {Les} yeh great discipline
[15:49] {Les} digging up old hobbies waiting for EoD call:
[15:49] {Les} http://mangafox.me/manga/kannagi/v01/c005/27.html
[15:50] {nemo} they've been rallying into the close last few days, they need to change it up
[15:51] {Les} never was much for drawing but ignored the jellyfish something couldn't do previously
[15:51] {Les} jellyfish trading range
[15:51] {nemo} fit's your intellectual state
[15:52] {nemo} fits
[15:52] {Les} hey if vad says thats criteria for working here who are you to say otherwise
01[15:53] {&Threei}  5 min FAZ... give us 1:3
[15:53] {nemo} "give"  you Socialist
[15:54] {+cc_9} Going long SPY here into the close
[15:54] {+cc_9} 5min trade
[15:54] {+cc_9} long shot, but lets see if the bots come in last 2 mins
[15:55] {Les} .50 db maybe...
[15:55] {+cc_9} im trying for SPY 167.90 tgt
[15:55] {+cc_9} looong shot
[15:56] {+cc_9} 3mins on the clock, .30 to go, tough one
[15:56] {nemo} yeah, considering they've been rallying into the close, changeup time
[15:57] {+cc_9} lets get some .70s
[15:58] {+cc_9} nope
[15:58] {+cc_9} fail EOD
01[15:58] {&Threei}  OK
01[15:58] {&Threei}  out 30.02
01[15:59] {&Threei}  close enough to 1:3
01[15:59] {&Threei}  thank you all, have a great evening
01[15:59] {&Threei}  see you tomorrow
[15:59] {+cc_9} dumped for -.24
[15:59] {Alexs} very nice ty gn
[15:59] {+cc_9} a demain
[15:59] {drewj} ty vad
[15:59] {Les} eh oui

Friday, October 4, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Welcome to the Shutdown



- For the first time in 17 years, most of the federal government has been shut down as Congress failed to pass a budget or a short-term funding resolution before the new fiscal year began on October 1st. House Republicans wanted to delay or defund Obamacare in exchange for budget funding, and were preparing to demand more spending cuts in exchange for raising the debt ceiling later this month. There has been little in the way of negotiations between Republicans and Democrats, although by Friday there were faint hopes that some sort of 'grand bargain' could be struck that might resolve both the budget and debt ceiling issues in one big deal. The greenback has been a big casualty of the shutdown, but 10-year yields are pretty steady around 2.6% and both the Nasdaq and S&P500 have not really suffered, although the DJIA is lower on the week. The September US jobs report was not published, shifting attention to the ADP report, which at +166K missed expectations of +180K. In other data, the September ISM manufacturing report hit its highest level since April 2011, while the ISM non-manufacturing index dropped to 54.4 after a very strong August report. For the week, the DJIA lost 1.2% and the S&P500 shaved off 0.1%, while the Nasdaq gained 0.7%.

- By all accounts, the Republican Congressional leadership provoked the current shutdown without a clear plan for achieving their goals. Indeed, the leadership has significantly moved away from its initial objective of defunding Obamacare as the shutdown has dragged on. President Obama and Senate Majority Leader Reid have dismissed even small changes to the Affordable Care Act and have not budged on their condition that the House pass a clean short-term funding bill before negotiations over the debt ceiling can begin. By Thursday there were signs that moderate Republican representatives were pressuring House Speaker Boehner to bring a clean funding bill to the floor for a vote, implying that they could vote with the Democrats to pass the measure. Boehner continues to refuse to authorize a vote, but with markets looking nervous about the debt ceiling, he has reportedly told his caucus that he will not allow the US to default on its debt, even if raising the debt ceiling requires Democratic votes.

- After dropping to around 2.60% from just shy of 3.00% over the course of September, the yield on the 10-year UST has remained little changed this week. Money managers are getting out of USTs maturing closest to the debt-ceiling deadline and buying longer-maturity bills: one-month rates climbed as high as 0.16% yesterday, while rates on three-month bills were 0.02%, the biggest inversion of the spread since September 2008.

- Thanks to the government shutdown, the Labor Department's BLS did not publish the September US jobs report that had been scheduled for Friday. The consensus expectations were for nonfarm payrolls of +180K and an unemployment rate of 7.3%. As a result, greater attention is being paid to other employment indicators this week. Weekly initial jobless claims were 308K, while the four-week moving average fell to 305K, the lowest level since May 2007. The September ADP report indicated companies added 166K to private payrolls, while the August figure was revised to 159K from 176K prior. The employment sub-indices in the September ISM non-manufacturing and manufacturing reports provided direction: in the services index, employment fell to 52.7 (its lowest level since May) from 57.0 in August, while in the manufacturing index employment climbed to 55.4 from 53.3 in August.

- The first major storm of the hurricane season to hit the Gulf Coast has begun disrupting energy production in the region. Tropical Storm Karen formed between Cuba and the Yucatan Peninsula, causing oil and gas companies to start shuttering their rigs as a hurricane watch is in effect in certain parts of the eastern Gulf coast area. After oil traded as low as $101 on Syria's compliance with its agreement give up its chemical weapons, WTI crude traded toward $104 on Friday.

- In a slow month, Ford and Chrysler reported solid gains in US September sales results. Ford sales rose 5.7% to 184K and Chrysler deliveries rose 0.7% to 143K, while General Motors sales declined 11%. A Ford sales executive said overall Q3 industry sales rate hit its best level since 2007. The new darling of the auto industry, Tesla, experienced its first bump in the road this week after the video of a Model S electric sedan in a fiery accident went viral. Shares fell 10% over two days on the media coverage of the incident, though Tesla moved quickly to say that the fire did not reach the passenger compartment and that the accident would have been much worse in a vehicle with a gasoline tank.

- Twitter made public its IPO filing, revealing plenty of data about its business and its expectations. In 2012, Twitter reported a net loss, though it tripled its revenue to $317M, or less than one tenth of Facebook's 2012 revenue. Twitter says it has 218M monthly active users, but it did not address how many of those are fake accounts.

- Activist investor Dan Loeb's Third Point Partners went after Sotheby's this week. Third Point hiked its stake to 9.28% and wrote a letter calling for its CEO to step down. On Friday, Sotheby's adopted a poison pill to deter for any single investor from owning more than 10% of the company. It noted that "rather than debating incendiary and baseless comments, we are focused on serving our clients' needs." Meanwhile, Pershing Square's Bill Ackman finally eased up on his big Herbalife short, reportedly choosing to cut the equity position by over 40% and replace it with long-term derivatives.

- The US government shutdown has weakened the greenback against most major pairs. After trading in a 1.3460 to 1.3565 range since the no-taper September FOMC meeting, EUR/USD moved higher, including a jolt up past 1.3600 on Wednesday during the ECB press conference. There were no surprises at the ECB rate decision, but Draghi's less dovish tone aided euro strength. In addition, Draghi reiterated that the ECB was seriously considering another LTRO. Speculation about a possible debt limit deal or "grand bargain" budget agreement in the US took the pair lower on Friday as UST yields started rising again.

- USD/JPY drifted to one-month lows below the 97 handle as the shutdown continued. Japan PM Abe confirmed that the government would hike the consumption tax from 5% to 8% in April 2014, but there was some disappointment after the government said it would consider cutting corporate tax rate.

- Italian PM Letta won a series of victories against Silvio Berlusconi this week. Coming into the week, Berlusconi was threatening to pull his PdL party from the governing coalition and topple the government over efforts remove him from the Senate (following his tax fraud conviction). A dissident faction within the PdL refused to plunge Italy back into crisis and offered their support for the government in a vote of confidence, undercutting Berlusconi, and PdL leaders instructed the party to preserve the government rather than destroy the PdL. On Friday, an Italian Senate committee recommended that Berlusconi be stripped of his position in the legislature. A final vote in the full Senate is planned within the next 20 days.





TradeTheNews

Oct 4 2013

Low activity day, slightly above flat. Uneven week, what with all the Washington hoopla. Still above the water though.

Session Time: Fri Oct 04 00:00:00 2013
[08:13] {nemo} From such crooked wood as that which man is made of, nothing straight can be fashioned. ~ Kant
[08:25] {fish_49} no non farm payroll today
[08:25] {fish_49} but we have some feds  speaking around the open?
[08:25] {nemo} dude...I'm cleaning toe jam
[08:26] {nemo} http://bit.ly/16n6MV0
[08:47] {nemo} very low pre-market spy volume
01[09:10] {&Threei}  yawn
[09:10] {nemo} up late with your new binky?
01[09:13] {&Threei}  which is?
[09:13] {nemo} new toy?
01[09:14] {&Threei}  I know... I just like to be reminded :)
01[09:14] {&Threei}  total technological marvel
[09:16] {cipher} gm
01[09:19] {&Threei}  cipher :)
[09:19] {Will49} gm
01[09:20] {&Threei}  will :)
01[09:22] {&Threei}  meek SPY gap
[09:23] {Will49} meek shall inherit the earth
01[09:24] {&Threei}  lol
[09:26] {drewj} gm
01[09:26] {&Threei}  drew :)
[09:26] {nemo} love those slogans, like "It takes a village to raise a child"  Sounds great...total bullshit
[09:27] {nemo} True words are not fine sounding...Fine sounding words are not true
[09:27] {+cc_9} gm
01[09:27] {&Threei}  cc9 :)
[09:27] {nemo} O.K.  CC...remember....
[09:28] {Alexs} gm
01[09:28] {&Threei}  alex :)
01[09:28] {&Threei}  another one I hate: those who can, do; those who can't teach
01[09:28] {&Threei}  sounds so cute, in fact total bs
[09:28] {nemo} and those who can't teach....teach gym
[09:29] {+cc_9} GDX looks good here long side
01[09:29] {&Threei}  need pullback
[09:31] {+cc_9} Also, no job #s today bc gov shut down
01[09:32] {&Threei}  good
01[09:32] {&Threei} Long Setup:  GDX  .30 break
01[09:32] {&Threei}  wow
01[09:32] {&Threei}  that was fast
01[09:33] {&Threei}  ok... pullback
01[09:33] {&Threei}  If holds  .25
[09:37] {+cc_9} GDX trading as if it has not yet opened on the index
[09:38] {robbers} Exactly.
01[09:38] {&Threei}  actually, whole market is
[09:38] {Alexs} are you in Vad?
01[09:38] {&Threei}  ys
01[09:38] {&Threei}  +e
01[09:38] {&Threei}  = yes
01[09:39] {&Threei}  (when ese is not here, I substitute him as a math teacher)
[09:40] {+cc_9} After yesterday's market flush, I think people are very hesitant
[09:40] {ese} morning......
01[09:40] {&Threei}  1:1
[09:40] {+cc_9} ok GDX IPO just opened
01[09:40] {&Threei}  oh hi ese :)
06[09:40] * &Threei removes himself from the podium
[09:40] {ese} CBC NEWS U.S. government shutdown stokes Republican party civil war: Neil Macdonald 9:00 AM ET
[09:40] {robbers} But you can stay on your pedestal.
[09:41] {ese} looks like the republican party is imploding from within
[09:41] {ese} idiots
01[09:42] {&Threei}  and democrats are sages
[09:42] {ese} will be a cake walk for Hilary Clinton next presidential election
01[09:42] {&Threei}  "we need to approve this bill to find out what's in it"
01[09:42] {&Threei}  you like those wise ones?
[09:42] {robbers} Oh, just like ObamaCare.
[09:42] {dino} gm, gremlins...
01[09:43] {&Threei}  dino :)
[09:43] {dino} took ts hl l .60
[09:43] {ese} lol
[09:43] {ese} dino
01[09:43] {&Threei}  you want idiots ese? do tell me how curing debt problem with more debt is not an idiocy
[09:44] {nemo} all empires collapse as they move to liberalism
[09:44] {nemo} standard life-cycle
[09:44] {dino} out ts .92, +.32
[09:45] {nemo} Europe is going broke too
[09:45] {+cc_9} }going broke
[09:45] {nemo} spy looks short
[09:45] {+cc_9} }implying its not broke already
[09:45] {nemo} fine
01[09:45] {&Threei}  right
[09:45] {+cc_9} GDX, you need to be going the other way
[09:46] {Alexs} why you see gdx long cc?
[09:47] {+cc_9} ABX sitting at support on 60min
[09:47] {+cc_9} ~$18.10
01[09:48] {&Threei}  keep an eye on SLW too, GDX often follows it with better alignment than ABX
01[09:49] {&Threei} Long Setup:  JPM  .20 break
01[09:49] {&Threei}  If holds  .10
[09:50] {ese} am still trying to figure out how you guys blame Obama for the mess he inherited......was listening to a couple free trading lecture last couple of days and they all say the sme thing.......even if there was something he could do...there would be nothing he could do....
01[09:50] {&Threei}  oh man
01[09:50] {&Threei}  let's drop it, OK?
[09:50] {nemo} it's what he's doing to address the issue, not what he came in with
01[09:50] {&Threei}  there is nothing to figure out ese
[09:50] {ese} lol...........no wait........i got the better of you somehow...........what?
01[09:51] {&Threei}  it has been 6 years
[09:51] {nemo} no, you asked the wrong question
[09:51] {Alexs} JPM at R1?
01[09:51] {&Threei}  it's still "nothing he could do"?
01[09:51] {&Threei}  did he run on "I can't do anything with this mess" promise?
[09:52] {ese} of course not........whats he gonna say.........
01[09:52] {&Threei}  have you read his own 2006 speech where he screamed about debt?
01[09:52] {&Threei}  how unpatriotic and dangerous it was?
01[09:52] {&Threei}  have you noticed that he added to that unpatriotic debt more than anyone in history?
[09:52] {ese} hey...."i know this is the second biggest market crash in US history"" not a problem I fix it"
01[09:52] {&Threei}  JPM 1:1
[09:53] {robbers} Out half at .33.
01[09:54] {&Threei}  I can't believe anyone can still advance a "his predecessor fault" argument with staright face
[09:54] {ese} Out 1/2 Tibx .52 +1.01 1250 shs to go
[09:54] {nemo} 50 day spy top
01[09:54] {&Threei}  I think I know why those trading lectures were free
[09:54] {ese} lol
01[09:55] {&Threei}  see what you did to dino? he had to leave, not to tell you what he thinks of this
[09:55] {ese} I like the man....what can I tell ya......
01[09:56] {&Threei}  seriously, one needs to have his eyes closed shut, to believe in this propaganda about wise and kind Obama trying to fix what stupid bush did
[09:56] {+cc_9} Grabbing GDX @ lows here 24.19
[09:56] {ese} well...........thats what he's been left with
01[09:56] {&Threei}  you may like a man whatever you wish... does it mean he is a good president?
[10:00] {cipher} cov .80
[10:00] {+cc_9} GDX a mule today
[10:01] {ese} hmmmmmmmm.......
[10:01] {RonS} i like bozo the clown...he should be Prez because of it...and he has really good kool-aid...
[10:01] {ese} true
[10:02] {nemo} Hey cc you there...for some reason the "Last" price box in my L1 is blacked out
01[10:02] {&Threei}  stop drawing with black marker on your monitor
[10:02] {nemo} go clean the mess off your camera
[10:03] {+cc_9} nemo, close that montage box and open a new one, let me know if that does the trick
[10:03] {Alexs} SLW on daily looks short doesn't it?
[10:03] {nemo} way ahead of you...it didn't
01[10:04] {&Threei}  rather yes, alex
[10:04] {Alexs} so GDX should go down?
[10:04] {+cc_9} nemo, let me check for you, one moment
01[10:04] {&Threei}  to finish ese... I have enough of conversations of this kind with people you are regularly surrounded with to know that they have zero idea of what actual society run by omnipowerful government is
[10:04] {nemo} one one-thousand
[10:05] {nemo} two one-thousand
01[10:05] {&Threei}  they root for it,
[10:05] {nemo} three one-thousand
[10:05] {nemo} four one-thousand
01[10:05] {&Threei}  but if they actually saw it, they'd faint of horror.
[10:05] {nemo} gdx into gap
01[10:06] {&Threei}  They seriously believbe that socialism works, and USSR situation transpored just beause wrong perople did wrong things,
[10:06] {drewj} so vad are you saying that obama is the start of an omni-powered government?
01[10:06] {&Threei}  but they, canadian socialists, would do it right.
01[10:06] {&Threei}  This toxic and clueless environment is what you have around you all day every day
01[10:07] {&Threei}  of course drew
[10:07] {nemo} government naturally moves that way drew
[10:07] {nemo} power centralizes by nature
[10:07] {+cc_9} nemo, can you please give me a screen shot of this "black out"
01[10:08] {&Threei} Short Setup: SLW  .80 break
[10:08] {ese} i'm thinking this a  whole different discussion......
01[10:08] {&Threei}  If holds  .90
[10:08] {cipher} SSO L .68
01[10:08] {&Threei}  it's the same discussion actually
01[10:08] {&Threei}  I just think it goes nowhere
[10:09] {RonS} boils to this: does one person or cabal of people have better decision making than millions having the freedom and choice to make those choices individually and by extension, collectively
[10:09] {fish_49} tell us how you really feel about it Vad
01[10:09] {&Threei}  strongly... because I know where it's headed
[10:09] {ese} good way to put it ron
[10:10] {cipher} ctrp l.94
[10:11] {cipher} SPY going higher
[10:11] {nemo} hey cc:  http://bit.ly/1f5jaNU
01[10:12] {&Threei}  tell you what ese
[10:12] {ese} i'ts not that he knows better per say vad............I believe he's a decent man giving it his best shot......
[10:12] {RonS} all about the feelings ya know...that koolaid is mighty strong...
[10:13] {drewj} you're in trouble now ese
[10:13] {ese} i know i know
01[10:13] {&Threei}  are you willing to make an honest effort to find out what kind of society will be built if current course continues?
[10:13] {ese} have put the shiskabob party invite in jeaprody
[10:13] {+cc_9} GDX trying here
[10:13] {nemo} Since good men are scarce and bad men
[10:13] {nemo} are the majority, the good the Sages do to the world is
[10:13] {nemo} little and the evil great.
[10:14] {nemo} cc, I posted the screenshot
[10:14] {Will49} watch ot ese!
[10:14] {drewj} I'll be Alex Trebek
[10:14] {+cc_9} GDX get back to green you mule
[10:14] {nemo} what douchebags for $200
[10:14] {ese} will...your back...Grimbergens tonight ...Oak Bay beach hotel.8pm
[10:14] {+cc_9} nemo, thanks for the screen shot, looking into it
01[10:15] {&Threei}  hmmm... ese elects to ignore my question
[10:15] {Will49} in arizona...long drive
[10:15] {RonS} lol
[10:15] {cipher} out CTRP .26 +.22
[10:15] {ese} haven't ignored it...........don't know how to answer it
01[10:15] {&Threei}  well, it's simple
[10:15] {cipher} sorry +.32
[10:16] {+cc_9} nemo, did you try restarting the platform ?
[10:16] {cipher} one more push SPY
01[10:16] {&Threei}  I am willing to continue this discussion if you make an honest effort at educatiing yourself about what socilism leads to, by reading one book
[10:16] {cipher} and I'm out
01[10:16] {&Threei}  it's not an easy read,
[10:16] {ese} cc is this SPY climb on low volume od you think..........can't seem to get a sense of it
01[10:16] {&Threei}  but you want to have an informed opinion, right?
01[10:16] {&Threei}  because uninformed opinion is like fart coming from the wrong end
[10:17] {ese} lol
01[10:17] {&Threei}  so, here is the deal
[10:17] {+cc_9} ese, i think its a small continuation of yesterday's reversal, but we are still @ low range of channel on 60min, volume is also dismal, I would not make too much of it
[10:17] {+cc_9} if you can catch a few dimes on those SPY moves, that's good enough. Next week we get some "resolution", this shut down can't drag imo
01[10:17] {&Threei}  you give it an honest try, and read Gulag Archipelago by Solzhenitsyn
01[10:17] {&Threei}  then we talk
[10:18] {fish_49} decent volume on the spy  for that climb  right ? or am I looking at it wrong?
[10:18] {ese} ya am thinkin that..........just trying to decide whether or not to dump my lother 1250 shs of tibx
[10:18] {drewj} come on slw
01[10:19] {&Threei}  dino took a deep breath and returned :)
[10:19] {ese} i did read that about 35 years ago now.......don't remember much of it
[10:19] {+cc_9} TIBX looks like it does its own thing on rather light volume.
01[10:19] {&Threei}  so that doesn't really count, does it
01[10:19] {&Threei}  let's trail SLW to .86
[10:20] {cipher} out SSO .93 +.25
[10:20] {fish_49} I was wrong Nemo  Lower volume than yesterday at this time
[10:20] {ese} also re "The Love You Make"......inside story of the Beatles..co written by an insider George Martin there record producer
[10:20] {ese} I remember that more
[10:20] {nemo} he was a bloody poofta
01[10:21] {&Threei}  well, that might be more pleasant read but it has as much to do with our topic as book of recipes for the muscle of sea scallops
[10:21] {RonS} that big, eh?
[10:22] {ese} title of the book was from the last song on the last album of the last side of the last recording they made........quote"and in the end.....the love you take is equal to the love you make"..............
[10:22] {+cc_9} PBPB new IPO, anyone grabbing this ?
[10:23] {RonS} most guys already have one...
01[10:23] {&Threei}  rofl
[10:23] {ese} lol
[10:25] {dino} z sm l .65 gappy
01[10:27] {&Threei}  (US) Senior House Democrat Hoyer (D-MD): Unlikely to reach any sort of 'grand bargain' budget deal by the Oct 17 debt ceiling deadline- Reiterates Democrats want GOP to allow a vote to reopen govt, pass a debt ceiling hike, and then talks on a budget deal can begin.
01[10:27] {&Threei}  lol
01[10:27] {&Threei}  so they want GOP to geive them everything thwy want, then maybe we will talk
01[10:27] {&Threei}  that's how you negotiate
[10:27] {Will49} good luck with that
[10:28] {RonS} work for No Korea...
[10:28] {RonS} works
[10:28] {ese} lol
[10:29] {ese} works here at my house too
[10:29] {+cc_9} PBPB rocketing
01[10:30] {&Threei}  (US) House Republicans plan briefing at 11:00ET
01[10:30] {&Threei}  oh good
[10:30] {+cc_9} IPO priced @ $16.00 trading at #44
[10:30] {+cc_9} $33*
[10:30] {Alexs} what should they negotaite Vad? obamacare?
[10:30] {dino} endp drop
[10:30] {Alexs} it's lost already
01[10:30] {&Threei}  how about drooping tax on medical devices?
[10:31] {fish_49} that will happen
[10:31] {Alexs} who cares actually
[10:31] {fish_49} I think they both agree on that
01[10:31] {&Threei}  well, they so far refused even that
01[10:32] {&Threei}  GOP diminished their suggestions to this snmall matter, and even that wasn't granted
[10:32] {fish_49} they agree on it but using it as a chip  just my humble opinion
01[10:32] {&Threei}  doesn't it tell you that dems simply don't want anything but shutdown, to blamer gop?
[10:32] {Alexs} finally GOP will lost the house
[10:32] {RonS} nah
[10:32] {Alexs} that will be a result
[10:33] {fish_49} of course...
[10:34] {RonS} kinda funny O tough as nails w/ repubs, soft as cake w/ any dictator...
[10:34] {Alexs} that tax on medical davices is bs actually, doesn't matter at all
[10:34] {fish_49} in my opinion  the Repubs  don't want to cave now but if they postpone it for one year  they will let it fly later after elections
01[10:34] {&Threei}  right
[10:34] {nemo} go look up the price in this country of artificial joints compared to other countries
01[10:34] {&Threei}  so why dems wouldn't give them even that?
[10:35] {+cc_9} Gold Miners bouncing here
[10:35] {nemo} why should they?
[10:35] {Alexs} because GOP losers Vad
[10:36] {fish_49} because they want the Repubs to cave so they lose their voters..  Plan to get  back control of both the house and the senate
[10:36] {RonS} precedent?...slipeery slop...rub other guys face in the mud every chance you can...but hey, remeber these are nice people...
[10:36] {fish_49} Are we back to BTFD?
01[10:36] {&Threei}  you know who really losers are and will be in all this?
[10:36] {drewj} Trading question:  If we are stopped out of a short trade are we waiting for the bid or the ask to reach the stop price?
[10:36] {fish_49} of course the people
01[10:37] {&Threei}  ask going over resistance, and prints occuring at the price above resistance
[10:37] {nemo} grindup
01[10:37] {&Threei}  in GDX case, .86
[10:37] {+cc_9} fish, btfd on GDX yes
[10:37] {drewj} ok
[10:38] {drewj} hardball with chris matthews can contiue...
[10:38] {Alexs} frikin SLW 1 cent
[10:38] {nemo} srpt
[10:38] {cipher} SDS l.31
[10:39] {+cc_9} GDX would love to see it back 24.40
[10:39] {cipher} SPY drop
[10:39] {cipher} :)
[10:40] {+cc_9} GDX that's a good girl
[10:42] {RonS} sheesh, still snowing here...high of 40 today
[10:43] {drewj} where are you ron?
[10:43] {RonS} denver
[10:43] {drewj} do you ski?
[10:44] {cipher} out SDS .39 +.08
[10:44] {+cc_9} GDX get over that .25 you mule
01[10:45] {&Threei} Long Setup:  CAT  .75 break
[10:45] {RonS} no...played 10 years of tackle football as d-end, outside linebacker during era of crackback blocks w/ knees intact...did not want to press luck
01[10:45] {&Threei}  If holds  .65
[10:45] {nemo} ahhhhh  knuckle-dragger
[10:46] {cipher} ENDP l.09
01[10:46] {&Threei}  stay strong Will
[10:46] {+cc_9} guys, for S&G, look @ DELL, you see the large sizes on b/a, that's also spread trading
[10:46] {drewj} probably smarter ron
[10:46] {cipher} out .30 +.21
[10:46] {Will49} arrrggghh
[10:46] {drewj} too bad though
[10:51] {dino} apfc sm s ave .00
[10:53] {RonS} apfc...hired Keybanc to sell itself...ya kiddin me?
[10:55] {+cc_9} GDX you mule, get over .25 before I need to buy new monitors
[10:56] {+cc_9} just do it already....
[10:57] {RonS} ha...Alex Rodriguez sues MLB, claiming a 'witch hunt' to force him out of the sport
[10:58] {+cc_9} New hoodies out for sale this weekend "Justice for Alex"
[10:58] {+cc_9} his mom goes on live tv "but he is a good boy, he din do nuffin!"
[10:58] {RonS} Justice for A-roid
[10:58] {+cc_9} lol g1
[10:59] {Alexs} everybody in sport do the same thing
[10:59] {dino} cov apfc 57.51, +1.49
[10:59] {+cc_9} Seriously though...how much money is enough ? Why not just retire and take the hundreds of millions you made with you and enjoy life...
[10:59] {cipher} REGN l.307.90
[11:00] {fish_49} I asked the same question about you CC why take your millions and retire?
[11:00] {Alexs} why shoul he retire if he can make more
[11:00] {cipher} out 308.50 +.63
[11:01] {+cc_9} Fish, because...you know, BECAUSE!
[11:01] {fish_49} lol
[11:01] {fish_49} Alex is right.  Make more means share more
[11:01] {Alexs} :)
[11:01] {dino} ron, how you like apfc trade
[11:02] {RonS} gj dino
[11:02] {+cc_9} }implying Alex is not Arod who's been in this chat the whole time making money
01[11:02] {&Threei}  no go
[11:02] {RonS} low float kept me away...
[11:02] {cipher} JBHT l.94
[11:02] {Will49} rotten kitty
[11:04] {jdetente} afternoon
[11:04] {cipher} JBHT stopped +.06
[11:05] {+cc_9} PBPB up 100% on IPO
[11:05] {+cc_9} they IPO $16, open it at around 28.50, push it to $33.50
[11:06] {RonS} phat...can't help myself...
[11:07] {+cc_9} House Speaker...speaking
[11:08] {+cc_9} can't help myself
[11:08] {+cc_9} http://www.bloomberg.com/tv/
[11:08] {RonS} cat getting jerked around by the tail
[11:08] {+cc_9} GDX you mule, get over .25, i don't have all day
[11:09] {+cc_9} http://img801.imageshack.us/img801/6203/vj29.jpg
[11:09] {+cc_9} GDX, thank you
[11:12] {+cc_9} GDX staying with it till 24.40
01[11:13] {&Threei}  (US) House Speaker Boehner reportedly refutes reports that he will utilize Democrat votes to increase the debt limit
01[11:13] {&Threei}  (US) House Speaker Boehner (R-OH): This is not a game - press conference- Majority leader Cantor confirms will continue to vote for piecemeal Govt funding bills that were rejected by the Senate earlier this week; some House democrats will join in a yes vote for some piecemeal votes
[11:20] {fish_49} oh myyyy
[11:20] {robbers} Vad, how do you like your new camera?
[11:20] {fish_49} Rand Paul didn't realize the Microphone was on?
[11:20] {+cc_9} GDX higher lows, trampoline effect imminent
01[11:20] {&Threei}  love it, robbers... total technological marvel
01[11:21] {&Threei}  https://www.facebook.com/media/set/?set=a.539201482826038.1073741838.483178015095052&type=1&notif_t=like
[11:24] {fish_49} cc Lower lows and higher highs but decreasing volume on GDX  do you look at that?
[11:25] {+cc_9} Fish, high lows on 1min chart
[11:25] {+cc_9} starting 10:30AM
[11:26] {+cc_9} longer term chart yes, it looks like crap, but intraday, looks a bit better.
[11:26] {Alexs} what was the distance Vad?
01[11:28] {&Threei}  about 6-7 metres
[11:29] {+cc_9} Fish, this is what I mean : http://img62.imageshack.us/img62/6623/kesr.jpg
[11:30] {fish_49} yes of course I see that
[11:30] {robbers} Have you tried low level light situations, should be amazing.
[11:30] {ese} what'd i miss.....had to drive my son to school...almost out to vads place
[11:30] {fish_49} higher lows  but was asking about the decreasing volume as higher highs and higher lows were being made
[11:30] {fish_49} any meaning to the decreasing volume?
01[11:31] {&Threei}  not yet... looking forward, reviews say very good at ISO3200 and useable at 6400
01[11:31] {&Threei}  unimaginable levels in film terms, lol
[11:32] {+cc_9} Fish, yes, there is no meaning other than the volume is light.
[11:32] {+cc_9} On the other hand, NUGT has higher volume (they track the same underlying asset class), but that is because it hit an all time low
[11:33] {+cc_9} So maybe volume is going from GDX to NUGT @ these levels
[11:33] {+cc_9} But then again, any answer I can give you is pure speculation
[11:33] {robbers} Yeah, you could take shots with just the light from Nemo's warm personality.  And that's the ultimate test.
[11:33] {cipher} incy L.31
[11:36] {fish_49} thanks CC for the education.  I just recall seeing a reversal pattern in Vad's book as price climbing making higher highs and higher lows while volume is decreasing
[11:38] {cipher} ryaay L.05
[11:38] {nemo} thou shalt not use my name in vain
01[11:38] {&Threei}  might have to compensate for a very cold white bakance, robbers {G}
01[11:38] {&Threei}  balance
[11:38] {robbers} LOL, a photographer's joke.
[11:39] {jdetente} Photography jokes....oh boy
[11:39] {nemo} SPY at the 50 day, wouldn't be surprised to see it go out here today
01[11:40] {&Threei}  - The US government shutdown grinds on this morning with more signs that the Republican side's aimless strategy is starting to run aground on its own contradictions
01[11:40] {&Threei}  - In caucus meetings this morning and yesterday, House Speaker Boehner told Republicans that he would not allow the US to default on its debt, even if that requires Democratic votes. Analysts suggest these statements mean he may want to clear out the debt ceiling issue in order to strengthen his hand against the Democrats in the budget battle, but yields suggest investors still are not ruling out a default.
[11:41] {fish_49} I'm watching GDX for educational purpose .  If it rallies  I take page 103 of the book and use it as TP  if it falls  I buy Vad a new lens for his new camera
01[11:41] {&Threei}  hmmm... I like this idea
[11:41] {cipher} incy target .60+
[11:41] {dino} lol fish
[11:42] {cipher} incy to .50
[11:42] {robbers} Funny Fish.
01[11:42] {&Threei}  it's a $1,000 item, fish, just to be fair and warn you in dvance :)
[11:42] {Will49} Well, the pool beckons, have agood weekend guys
[11:42] {Will49} i mean...my wife beckons
01[11:42] {&Threei}  take care will, have a good one
[11:42] {robbers} cya Will.
[11:42] {dino} cya will
[11:42] {fish_49} No Vad  It's  made in china version  it's only about $10 us dollars
[11:43] {Will49} see ya guys
[11:43] {jdetente} see ya Will
01[11:43] {&Threei}  no such thing
[11:43] {fish_49} take care old man
[11:43] {jdetente} fish eye lens??
[11:43] {fish_49} yea JD  scales and all the trimmings
[11:43] {cipher} incy to .60
[11:45] {fish_49} GDX usually an inverse relationship with the SPY?
[11:46] {nemo} no
01[11:46] {&Threei}  often... not always
[11:46] {fish_49} Ty
[11:48] {Alexs} are you giving your students a lesson right now fish?
[11:48] {fish_49} yea but they are complaining  about the lack of calls
[11:48] {Alexs} lol
[11:48] {fish_49} I'm trying to calm them down and tell them Vad received a new camera and all calls are on hold
01[11:49] {&Threei}  explain them, quality is preferred over quantity\
[11:49] {ese} am outta here.......have a great weekend all....vad your a passionate guy.....thats one of the things i like about ya.......take care eh....cya monday
[11:49] {fish_49} take cvare ese
[11:49] {ese} later fish
[11:49] {dino} cya ese
[11:49] {ese} dino
[11:49] {drewj} bye ese
[11:50] {ese} drew
01[11:50] {&Threei}  if they want to trade when market is stalled, they just need to tell me that they don't care about result, just about trading
01[11:50] {&Threei}  take care ese
[11:50] {ese} cya vad
[11:50] {jdetente} so what did I miss this morning? Any calls today?
01[11:50] {&Threei}  started with 3 for 3
01[11:50] {&Threei}  then got 1 meh and one stop
[11:50] {jdetente} Nice
[11:50] {drewj} and lots of politics
[11:50] {jdetente} not as nice
01[11:50] {&Threei}  beat up on ese
[11:50] {fish_49} yea I told them that Vad but they are asking me when is the next C  call
[11:51] {fish_49} I need new students
[11:51] {RonS} and ese called for the end of western civilization
[11:51] {dino} out z .05, +.40
[11:51] {jdetente} lol
[11:51] {drewj} and I'm going to explain the benefits of socialism
[11:51] {fish_49} yea Vad  I wanted to join in but thought twice  because you were beating well enough
[11:52] {RonS} besides, can't argue illogic and feerings...
01[11:52] {&Threei}  well, I put this condition for any futher discussions of this crap which hopefully will nip it in the bud
01[11:52] {&Threei}  he reads Gulag Archipelago as a condition for any futher talks
01[11:53] {&Threei}  otherwise, no negotiations
[11:53] {RonS} ok Harry....Reid
01[11:53] {&Threei} Short Setup: C  .75 break
01[11:53] {&Threei}  If holds  .80
[11:54] {nemo} yeah...too funny...anybody I know who grew up in the Soviet Union is aghast at what has happened hear, yet every lefty here trumpets the "benefits"  What a joke.  There will be a ruling class and the serfs, and that's it
01[11:55] {&Threei}  yeah, that's pretty much a refrain among ex-USSR implants... "who would have thought we will see this for the second time"
[11:55] {cipher} out INCY .54 +.23
[11:55] {cipher} out RYAAY .37 +.32
[11:56] {fish_49} I here ya Nemo
[11:57] {fish_49} lol
[11:57] {nemo} yeah, I'm homonymistacally challenged
[11:57] {fish_49} I had to... You would never give up the chance to get a dig in.  lol
01[11:58] {&Threei}  hehe
01[11:58] {&Threei}  good catch fish
[11:58] {nemo} yeah, but, it was crude and simplistic...you need to slip the knife in without the victim having any idea they are dead
01[11:58] {&Threei}  btw, if this C call doesn't pan out, it's those students' fault
[11:59] {fish_49} I will be out 1:1  I see a small bounce at .64
[12:01] {fish_49} GDX needs to come back and retest .12  to save page 103 from the book,
[12:03] {cipher} CLVS drop
[12:05] {dino} apfc going for hod again, pulp sucker
[12:05] {RonS} oof clvs staring at the abyss
[12:05] {cipher} CLVS l.70
[12:05] {dino} gj cipher ryaay and incy
[12:05] {cipher} should be good for .50
[12:06] {cipher} ty
[12:07] {cipher} clvs to 00
[12:12] {dino} hot hand, gj
[12:13] {nemo} lyb seller at 75
[12:13] {cipher} out CLVS .25 +.55
[12:13] {fish_49} nice
[12:14] {cipher} ty
[12:14] {cipher} it was a no brainer
[12:14] {cipher} or Vad woulds say...
[12:14] {cipher} like shooting a fish in a barrell :)
[12:15] {fish_49} oh myyyy
01[12:15] {&Threei}  lol
[12:16] {Alexs} your students will kill you fish
[12:16] {fish_49} I know  but I'm wearing my bullet proof Scales
[12:18] {Alexs} do you have somebody to blame for everything in you room fish?
[12:19] {nemo} I've got ss109 ammo
[12:19] {fish_49} ouch  I just knew .85 would hold
[12:20] {fish_49} it took me out  now watch it fall
[12:23] {nemo} here ya' go, .50 cal armor piercing:  http://bit.ly/19pMwyo
[12:24] {cipher} SDS l.29
[12:24] {nemo} don't think they make it that easy on you cypher
[12:25] {fish_49} nice push up
[12:25] {cipher} looking for scalp only
[12:25] {nemo} lyb is gonna' be a pop and run
[12:26] {nemo} spy like;y gong to .80
[12:26] {dino} dhi l .44
[12:26] {nemo} it may go for yesterday's gap
[12:28] {drewj} vad what do you think about a possible cat reversal?
01[12:29] {&Threei}  rather looks ,like breakout
[12:30] {nemo} spy probably going for stops above 169
[12:30] {fish_49} Page 103 saved  GDX came down to test .12
[12:30] {nemo} light volume today
[12:30] {drewj} so do you wait until price gets to a support or resistance level and then make the call from there?
01[12:30] {&Threei}  you owe me a lens fish
[12:30] {nemo} a "fish-eye
[12:30] {nemo} lens
01[12:30] {&Threei}  I wait for a chart formation to shape up
[12:31] {fish_49} yes  Made in China..  You don't mind if it's pink plastic right?
[12:31] {nemo} might as well get made in Korea, since you'll be their Kimchee face
[12:31] {nemo} there
[12:31] {nemo} FU
[12:31] {fish_49} High Tax  in Korea on electronics
[12:32] {nemo} it's a lens
[12:32] {fish_49} shhhh
[12:32] {nemo} it's a  matador
[12:33] {nemo} frickin' lyb
[12:34] {jdetente} nemo must have bought another handle of rye last night
[12:39] {dino} dhi to .49
[12:40] {cipher} out SDS .22 -.07
[12:41] {fish_49} if congress don't act, Milk Prices going to $8.00 a gallon.   I'm sure that's their top priority
01[12:43] {&Threei} Long Setup:  JPM  .55 break
[12:43] {cipher} CLVS s.92
01[12:43] {&Threei}  If holds  .48
[12:44] {dino} to .55
[12:45] {cipher} TNA s.71
[12:45] {dino} out dhi .56, +.12
[12:57] {Alexs} jpm valid again?
01[12:58] {&Threei}  let's change it to .50 break
01[12:58] {&Threei}  If holds  .45
[12:58] {Alexs} k
[12:58] {cipher} cov CLVS .76 +.16
[13:09] {fish_49} dollar had a nice run today
[13:10] {cipher} CLVS s.25
[13:14] {dino} things are drastically slowing down
[13:15] {cipher} quiet before the storm?
01[13:16] {&Threei}  storm maybe next week
[13:16] {+cc_9} major speculative play, but take a look at AAMRQ
01[13:16] {&Threei}  today, I doubt it
[13:16] {+cc_9} huge move today, court decision i think next month
[13:17] {Alexs} what is the ticker I can't see it CC?
[13:18] {+cc_9} AAMRQ Alex
[13:18] {+cc_9} American Airlines, its on the pankcake sheets exchange
[13:19] {Alexs} oh I see on the other system thx
[13:19] {+cc_9} Yup
[13:25] {cipher} finally
[13:30] {cipher} out TNA .48
[13:30] {cipher} cov CLVS .15 +.10
[13:33] {cipher} MLNX l.37
[13:39] {cipher} stopped .30
[13:44] {+cc_9} brb nap time
01[13:52] {&Threei} Long Setup:  FCX  .95 break
01[13:52] {&Threei}  If holds  .90
[13:56] {+cc_9} http://www.youtube.com/watch?v=MCu80iDid_Q
[13:56] {nemo} tht's about right
[13:57] {+cc_9} passes by, no cars around, still crashes
[13:57] {drewj} Is this an aggressive entry on a C&H?
01[14:01] {&Threei}  rather for JBE
01[14:01] {&Threei}  but calssification as agressive is correct
01[14:04] {&Threei}  .02 break should make whole thing worl
[14:05] {Alexs} catapulted
01[14:08] {&Threei}  lol, Will would have liked this one:
01[14:08] {&Threei}  You can train a cat to do anything it wants to do.
[14:09] {RonS} same w/ wife?
[14:09] {Alexs} lol
[14:10] {nemo} When I play with my cat, who knows whether she is not amusing herself with me more than I with her. ~Michel de Montaigne
01[14:11] {&Threei}  let's sell half here
[14:12] {nemo} pay
[14:17] {drewj} stop level?
01[14:17] {&Threei}  .94
[14:17] {drewj} ty
[14:20] {dino} z drop
[14:24] {fish_49} Out in full
[14:24] {fish_49} My students and I thank you Vad
01[14:27] {&Threei}  :)
01[14:37] {&Threei} Short Setup: FCX  .90 break
01[14:37] {&Threei}  If holds  .95
[14:43] {nemo} indexes look short here
[14:46] {nemo} not yet I guess
[14:46] {nemo} 169 stops probably too tempting in spy
01[14:49] {&Threei}  who said what where
[14:50] {RonS} deep
01[14:51] {&Threei}  no news for this spike
01[14:51] {&Threei}  just when FCX was starting to loook perfect
[14:51] {nemo} want to close the gap
[14:51] {nemo} gs near their highs
[14:51] {nemo} must think there's a solution coming
[14:52] {fish_49} so many reasons Nemo
[14:52] {nemo} no...GS knows all
[14:53] {nemo} if GS finishes on the highs, then there's probably a solution over the weekend
[14:54] {nemo} it was scraping it's lows at 2
01[14:55] {&Threei}  how do you equate GS insider knowledge to GS stock movement?
[14:56] {nemo} you think their traders trade their stock?
01[14:56] {&Threei}  that's very flawed logic
01[14:56] {&Threei}  there are a lot of traders trade their stock
[14:57] {nemo} yeah, but they no when to bid it based on info, and when was the last quarter when they had a losing trading day...5 years ago
01[14:57] {&Threei}  and if something goes well somewhere, why would they necessarily trade their own stock, and not anything else?
[14:57] {nemo} why does trading another stock exclude them from trading their own?
01[14:57] {&Threei}  or if something goes badly, why would they necessarily sell their own stock?
[14:58] {nemo} because they can buy it back cheaper next week?
01[14:58] {&Threei}  huh?
[14:58] {RonS} thinkin nemo goes to corner w/ ese...
[14:58] {nemo} no...GS is a great tell, has been for a long time
[14:58] {fish_49} He spending too many nights with Les
[14:58] {RonS} oof...lol
01[14:58] {&Threei}  and no, that's a misconception about them not having losses
[14:59] {fish_49} do you think GS would do anything like that  Nemo?
[14:59] {fish_49} lol
[14:59] {nemo} I know...but relatively
01[14:59] {&Threei}  heard about their best fund having to close after billions in losses?
01[14:59] {&Threei}  about a year or so ago
[14:59] {nemo} commodity funds...I believe many of the banks are getting out of them
01[15:00] {&Threei}  no, it was equity fund
01[15:00] {&Threei}  anyway, they do have great traders
01[15:01] {&Threei}  and great trading approach
[15:01] {nemo} found one:  http://on.wsj.com/17C9TIw
01[15:01] {&Threei}  but the idea that they would use their own stock for that is a bit out there
01[15:02] {&Threei}  youp, this is it
[15:02] {nemo} not really.  I'm sure they would sell others too
01[15:03] {&Threei}  that was their elite fund
[15:03] {nemo} but they'll buy and sell theirs based on outlook, and they are basically every central bank around the world
01[15:03] {&Threei}  yes
[15:04] {nemo} as well as part of the financial inner circle of every government
01[15:04] {&Threei}  that's obvious
01[15:04] {&Threei}  my beef is not with that
01[15:04] {&Threei}  my beef is with notion that their own stock reflects what they are thinking/doing
[15:04] {nemo} information flows back to the trading desks...what's the issue
01[15:05] {&Threei}  in fact, I am confident their trading is GS is a very small % os their trading volumes
01[15:05] {&Threei}  is = in
[15:05] {nemo} prove it
01[15:05] {&Threei}  you made a cklaim, you prove yours
01[15:05] {&Threei}  mine is based on common sense
[15:06] {nemo} o.k.
01[15:06] {&Threei}  and understanding how trading desks work
[15:06] {nemo} I'll just watch them, see what happens
01[15:06] {&Threei}  well, that's not a proof at all
01[15:06] {&Threei}  it hasd at least two holes
01[15:07] {&Threei}  1. who told you it's GS own traders' knowledge and trading that made GS stock move this or that way,
01[15:07] {&Threei}  2. There will be a lot of other names that will make the same move or even better
[15:07] {nemo} on 1.  Nobody, but how does it make it false
01[15:07] {&Threei}  sigh
[15:08] {drewj} So do all stocks just trade with the heard mentality?
01[15:08] {&Threei}  someone needs lessons in elemntary logic
[15:08] {nemo} 2.  Yes, based on the solution I'm sure other categories of stocks will move with greater or lesser relative strength
[15:08] {fish_49} What % of their income comes from trading?
[15:08] {nemo} It varies from year to year fish
01[15:08] {&Threei}  drew, I'd rather put it this way:
01[15:09] {&Threei}  interaction of herd and smart money is what determines stock behabior, different at different stages of the movement
[15:10] {drewj} is all smart money big money?
01[15:10] {&Threei}  no
[15:10] {drewj} does smart money usually lead?
[15:10] {dino} no drew, capitulations and euohoric spikes trade by themselves, "better worlds' theory
01[15:11] {&Threei}  no
[15:11] {drewj} how do you mentally separate smart money from the heard?
01[15:11] {&Threei}  at some stages smart money waits for the crowd to materialize its stupidity
01[15:11] {&Threei}  then pounce
01[15:11] {&Threei}  as dino implied
[15:11] {nemo} It waits for Les to log in
[15:12] {drewj} poor guy
[15:12] {nemo} He lives in Switzerland, how bad can it be
01[15:12] {&Threei}  this last question I don't understand
[15:12] {drewj} so smart money acts in relation to the crowd
[15:13] {dino} a lot of what i, cipher, and ron trade are stocks in their own world
[15:13] {nemo} opposite to the crowd
[15:13] {drewj} how's that dino?
[15:14] {dino} they are over reacting in their own world. not following market actions whatsoever
[15:15] {drewj} so in either world big moves are caused by the heard over reacting to news or prices?
[15:15] {nemo} demand outstripping supply
01[15:15] {&Threei}  getting it drew
[15:15] {dino} or vice versa
[15:16] {nemo} on the way down
[15:16] {drewj} you mean under reacting dino?
[15:16] {nemo} demand greater than supply=price up
[15:16] {nemo} supply greater than demand=supply down
[15:16] {nemo} price down
[15:16] {nemo} sorry
[15:16] {dino} i stay away from "under-reactions". my bread and butter are capits and spikes, ie over-reactions
[15:17] {dino} look at z today, market up 80= z down 4+. in its own world
[15:18] {drewj} ok guys..unfortunately i've got to go.
[15:18] {drewj} have a restful weekend all.
[15:18] {dino} best you stay in vads worlds for now drew, until you find your edge
[15:18] {dino} take care
01[15:18] {&Threei}  take care drew
[15:18] {RonS} dino used to be in the circus...professional knife catcher...he was lucky that's all...
[15:18] {drewj} i will dino.
[15:18] {drewj} thanks
01[15:18] {&Threei}  lol
01[15:22] {&Threei}  FCX must have waited for drew to leave
[15:23] {fish_49} Where did he get out?
01[15:24] {&Threei}  let me srcoll through the footage from camera I have installed in his office
01[15:24] {&Threei}  1:1
[15:24] {fish_49} 1:1
[15:25] {fish_49} out here  thanks Vad
[15:25] {Alexs}  fish you should post in your room
[15:25] {fish_49} My traders fell asleep
01[15:25] {&Threei}  you need new traders
[15:26] {fish_49} I'll grab some Korean traders next week
[15:28] {dino} are you really teaching a trading class fish?
[15:28] {fish_49} no
[15:28] {fish_49} lol
[15:28] {fish_49} hahah
[15:28] {fish_49} I'm as rookie as rookie can get
01[15:29] {&Threei}  so? uite a few od those who teach classes haven't made a dime in the markets
[15:29] {fish_49} I did teach a class on OCO and OSO orders for the platform I use
01[15:29] {&Threei}  saw ese referring to some free trading lectures he listened to? where he was told that Obama couldn't have done anything because of Bush?
01[15:30] {&Threei}  think those were experienced traders that taught those lectures?
[15:30] {dino} data drop
01[15:30] {&Threei}  or they were traders at all?
[15:30] {fish_49} Vad having Withdraws from new camera  today
[15:30] {RonS} they were charging too much money...
01[15:30] {&Threei}  didn't prevent them from lecturing though
[15:30] {fish_49} he had ese for breakfast and nemo for lunch
01[15:30] {&Threei}  that's my thought too Ron
[15:31] {RonS} lol fish
01[15:31] {&Threei}  dinner time is not here yet... so you are safe :)
01[15:31] {&Threei}  although I wouldn't turn down a snack
[15:31] {fish_49} lol  I'm not a trout
01[15:32] {&Threei}  oh and..
01[15:32] {&Threei}  somehow ese only fires up my appetite {GGG}
[15:33] {fish_49} When Les started in this room, I thought you would need medical help for blood pressure
[15:33] {Chaeron} hi all... good day?
01[15:33] {&Threei}  hey Chaeron
01[15:33] {&Threei}  not fatastic but profitable
[15:33] {fish_49} Dino
[15:34] {Chaeron} thought you guys helped fuel the panic in TWTRQ...lol  y'all see that?  http://boston.cbslocal.com/2013/10/04/investors-confuse-tweeter-with-twitter-send-bankrupt-stock-up-1800/
01[15:34] {&Threei}  see, Les quicly found his medication... ese is not only far from that, he isn't even searching :)
[15:34] {fish_49} ohhh myyyy
01[15:35] {&Threei}  lol chaeron
[15:35] {fish_49} I should have stayed in FCX  now looking more like DBI
[15:36] {Alexs} do you really back in black Vad?
01[15:36] {&Threei}  wth this last one, yes
01[15:36] {&Threei}  wasn't really too far from that, with 3 morning wins
[15:36] {Alexs} actually 2
01[15:37] {&Threei}  hmm?
[15:37] {Alexs} GDX JPM
[15:38] {RonS} ese can't do it 3i...would have to resign from music and teaching...two segments of society totally in the lib bag
[15:38] {fish_49} Dino you around?
01[15:39] {&Threei}  yeah, I understand
[15:39] {RonS} would like to see him in math class when gives proof instruction...kid: proof? don't need no proof, this is how i feel...
01[15:39] {&Threei}  musicians and unionized teacher, not too many conservatives in that environment
[15:39] {fish_49} lol
[15:40] {dino} yes fish, just got back from bus
01[15:41] {&Threei}  stop to .86
01[15:41] {&Threei}  time starts tightening
[15:41] {fish_49} the trading room idea came from Alex..  He suggested I should do like he does.  Open a trading room and just forward (Cut and paste) Vads calls...
[15:41] {RonS} oh boy...
[15:42] {dino} ahh, now i get it, i miss a lot of whats posted being glued to my scanners
[15:42] {dino} z sm l .20
[15:42] {RonS} 3i may be sharing a visit from nemo to you guys...
[15:42] {fish_49} I of course  I said  I could not do that  but I wouldn't tell Vad about his game if he shared half the earnings
[15:42] {nemo} ?
[15:50] {dino} out z .45, +.25
[15:52] {fish_49} have a great weekend guys
[15:52] {fish_49} you too Nemo
01[15:52] {&Threei}  take care fish
[15:52] {dino} cya fish
[15:52] {nemo} hope he eats bad kimchee
[15:53] {RonS} is there good kimchee?
01[15:53] {&Threei}  (US) Tea Party supported Congressman Ross (R-FL) reportedly says the stopgap spending fight has been lost, time to give up on trying to stop Obamacare - financial press- Ross is one of the faction of approx 30 GOP Representatives that has been urging Speaker Boehner to use the Afforable Care Act and the debt ceiling as leverage for getting a budget negotiation.
[15:53] {jdetente} all kimchee is good kimchee
[15:53] {jdetente} if you;re a fish
[15:55] {RonS} good weekend to all...cya monday
01[15:55] {&Threei}  take care ron
[15:56] {dino} outr spike
01[15:57] {&Threei}  closing FCX
01[15:57] {&Threei}  thank you all, have a good weekend
01[15:57] {&Threei}  see you on Monday
[15:58] {jdetente} You too Vad. Have a good weekend everyone.