Feb 11 2014

Session Time: Tue Feb 11 00:00:00 2014

[08:39] {dino} gm vad

01[08:47] {@Threei}  morning dino

01[08:51] {@Threei}  I see Yellen masterfully said nothing

[08:59] {dino} it was expected

[09:05] {RonS} gm guys...big news here...son-in-law got the DVA job so all here sometime in March...the guy is good...they are paying for the move and getting more $$ than making now

[09:06] {nemo} most cool

01[09:06] {@Threei}  congratulations Ron :)

[09:06] {thomcbell} ditto

01[09:06] {@Threei}  I just wanted to ask whether there was any news on that

[09:07] {dino} congrats ron

01[09:09] {@Threei}  now, how can we drag Montreal to the west coast, bumping vancouver further inland and leaving french people where they are...

01[09:09] {@Threei}  that would accomplish the same goal for me :)

[09:09] {nemo} it's colder further inland

01[09:10] {@Threei}  what do I care

01[09:10] {@Threei}  I want montreal in place of vancouver, since my daighter is not likely to leave it for the next 3 years

[09:10] {nemo} oh, you want to stay on the Island

01[09:10] {@Threei}  of course

[09:10] {nemo} she in school?

01[09:11] {@Threei}  yes

01[09:11] {@Threei}  returned to it to change profession

[09:12] {RonS} dino, zts beat...

01[09:13] {@Threei}  and I have to say, lifestyle wise if you like Montreal it's difficult to accept any other city in Canada

[09:16] {dino} lowers guidance zts

[09:16] {dino} watching blox, rax, viab

[09:16] {dino} plus yesterdays

[09:17] {RonS} blox really bad guide...rax the ticket imo, ceo retiring...

[09:17] {dino} maybe some march calls on blox

[09:19] {dino} rax 35.40 area pm s

[09:21] {thomcbell} what does that mean pm s

[09:22] {RonS} premarket short maybe?

01[09:22] {@Threei}  whew... that's a relief, vs what I thought

[09:23] {RonS} lol

[09:24] {ese} morning.....man am i tired.....and crap was it cold in Red Deer yesterday

01[09:25] {@Threei}  hey ese

[09:25] {ese} morning vad

[09:25] {munky} morn

01[09:25] {@Threei}  munky :)

01[09:25] {@Threei}  too bad you had to leave early yesterday

01[09:26] {@Threei}  every trade since then was a winner

[09:26] {ese} minus 37 for a brief period of time yesterday in red deer.........then into a heat wave in Calgary of -19

[09:26] {munky} i know, i read the log

[09:26] {munky} and i had a down day 

01[09:27] {@Threei}  well, not that we had a stellar one

01[09:27] {@Threei}  just recovered

01[09:27] {@Threei}  C and FB look like short candidates to me

[09:28] {munky} u see rax down 4

[09:28] {dino} blox gap fill last june

[09:28] {dino} ron, no, premarket support i meant on rax

01[09:29] {@Threei}  earnings, guidance, downgrade

[09:29] {dino} -5 f here at 6 am, going to -10 f tonight

01[09:29] {@Threei} Short Setup: FB  .80 break hl

01[09:30] {@Threei}  If holds  .85 

01[09:30] {@Threei}  1/2 meh

01[09:31] {@Threei} Long Setup:  MU  .95 break

01[09:32] {@Threei}  If holds  .85 

01[09:33] {@Threei}  frikin FB

01[09:33] {@Threei}  1:1  

01[09:34] {@Threei}  oh come on FB

[09:34] {dino} dwre

[09:35] {thomcbell} x 

01[09:36] {@Threei}  yeah, watching for pullback

[09:37] {munky} big pop twtr

01[09:37] {@Threei}  around .40

[09:38] {munky} twtr pop then fb follow

01[09:38] {@Threei} Short Setup: C  .10 break

01[09:39] {@Threei}  If holds  .16 

[09:39] {thomcbell} CHEVRON....BREAKING: Explosion occurred just after 7 a.m. at Chevron drilling site in Dunkard Township. Blaze continues to rage, officials say

[09:39] {thomcbell} u see this guys 

01[09:40] {@Threei}  no

[09:40] {dino} rax pulp. smr l .49

01[09:40] {@Threei}  nothing on my wire

[09:40] {dino} no go stop .19 -.30

[09:41] {RonS} grpn

[09:43] {dino} rax smr l .83

01[09:43] {@Threei}  that's some bounce FB

[09:43] {munky} look at twtr too

[09:43] {thomcbell} bananas 

01[09:44] {@Threei}  cover half C

01[09:44] {@Threei}  stop .11

[09:45] {thomcbell} x 25.55 short break if holding 25.65

[09:46] {RonS} nihd l 3.19

[09:46] {thomcbell} invalid x

[09:48] {thomcbell} fxi up big but stocks not doing well

01[09:48] {@Threei} Long Setup:  X  .75 break

01[09:49] {@Threei}  If holds  .65 

01[09:49] {@Threei}  if it doesn't want to pull back...

01[09:50] {@Threei}  nah

01[09:53] {@Threei} Short Setup: FB  64 break hl

01[09:53] {@Threei}  If holds  .10 

01[09:56] {@Threei}  1:1  

01[09:58] {@Threei} Long Setup:  EBAY  .85 break

01[09:58] {@Threei}  If holds  .75 

01[09:59] {@Threei}  Invalidated  

01[10:00] {@Threei}  *(US) DEC WHOLESALE INVENTORIES M/M: 0.3% V 0.5%E; WHOLESALE TRADE SALES M/M: 0.5% V 0.7%E

[10:00] {RonS} wbmd needs doctor

01[10:01] {@Threei}  I wanted to laugh Ron, but then remembered how you ignored me calling P 3.14 yesterday...

01[10:02] {@Threei}  sheesh FB

01[10:03] {@Threei} Long Setup:  YHOO  .60 break

01[10:04] {@Threei}  If holds  .55 

[10:07] {dino} prlb smr l .70 gappy/hooker

01[10:09] {@Threei}  half out YHOO

01[10:10] {@Threei}  oh come on... something should be more than a scalp today

[10:12] {RonS} wbmd sm l 42.20

01[10:16] {@Threei} Short Setup: TWTR  .60 break hl

01[10:16] {@Threei}  If holds  .70 

[10:18] {thomcbell} vxx day low

[10:18] {nemo} into the gap

[10:18] {nemo} 50 day is 44.60ish

01[10:18] {@Threei}  Invalidated  

01[10:20] {@Threei} Long Setup:  QCOM  .15 break

01[10:20] {@Threei}  If holds  .05 

[10:20] {dino} wbmd sm l .56

01[10:21] {@Threei}  used to hate trading QCOM... let's see if it changed its wicked ways

01[10:23] {@Threei}  stop to .09

[10:23] {munky} looking for more  than scalp qcom?

01[10:23] {@Threei}  hopefully

01[10:23] {@Threei}  1:1  

01[10:24] {@Threei}  slow climb

01[10:24] {@Threei}  SPY is strong

01[10:24] {@Threei}  should be capable of more

[10:34] {thomcbell} len 40.61 long break if holding 40.50

[10:35] {thomcbell} and mu 24.75 long break

01[10:37] {@Threei} Long Setup:  BBY  .25 break

01[10:37] {@Threei}  If holds  .20 

[10:38] {dino} rax last try smr l .25

[10:41] {RonS} out wbmd 44.20 +2.00

01[10:41] {@Threei}  wtg

[10:41] {thomcbell} len invalid

01[10:41] {@Threei}  that's some healing power

01[10:42] {@Threei}  too bad, LEN setup looked promising

01[10:42] {@Threei}  ok QCOM, you had your rest.... time to move

[10:42] {thomcbell} i still like it 

[10:42] {thomcbell} if it can hold 40.50 

[10:42] {thomcbell} but i cancelled order for now

[10:43] {RonS} A+ for corneyness...

01[10:44] {@Threei}  ty

[10:44] {nemo} rax

[10:46] {munky} wheres fish been?

[10:47] {thomcbell} kog - 11.04 long break if holding 11

[10:47] {nemo} ice fishing

01[10:47] {@Threei}  her is back on Thursday

[10:47] {munky} hes pretty good w/computer tech

[10:47] {nemo} whatsa' matter munky?

01[10:48] {@Threei}  14:43] {fish_49} gota run See you guys late next week

[10:48] {munky} cant trade worth a sh@t is all

01[10:49] {@Threei}  QCOM is honestly trying

01[10:50] {@Threei}  bitcoin/us dollar New York-based hedge fund NYSO HEDGE will accept bitcoin for all transactions - tech blogs

[10:50] {munky} yeap good one, bby dog tho

01[10:50] {@Threei}  I don't get it... are they serious with this bitcoin crap?

[10:51] {dino} me neither

[10:51] {nemo} I think I'll go tulip shopping

01[10:53] {@Threei}  I can't see how it can end any different than in big grief

[10:54] {thomcbell} selling mu here 24.74

[10:54] {thomcbell} market too jumpy

01[10:55] {@Threei}  meh BBY

01[11:00] {@Threei}  stop to .19 QCOM

01[11:01] {@Threei}  1:2  

01[11:01] {@Threei}  wow... something is finally not a scalp

01[11:01] {@Threei}  frikin BBY... there is nothing beyond that bed and bath

01[11:04] {@Threei}  feeling better munky?

[11:05] {munky} well..... 

[11:05] {RonS} bbby is bed bath and beyond...bby best buy...

[11:06] {munky} tghey both suk banana 

01[11:06] {@Threei}  then there is BBRY

01[11:06] {@Threei}  which is a banana sucker in its own league

[11:10] {RonS} hilarious

01[11:11] {@Threei}  you are just saying that

[11:13] {munky} what the F was that 

[11:14] {nemo} ford

[11:14] {munky} takes freakin 2 hours to go up .then 2 seconds

01[11:14] {@Threei}  no news

01[11:15] {@Threei}  so, I'd say QCOM only partially vindicated itself

01[11:15] {@Threei}  1:2 is a decent performance for it, especially considering how quiet the day is, but this drop is one of the things I hated about it

[11:19] {thomcbell} here is the 50sma test on SPY

[11:19] {thomcbell} djia still far away

[11:19] {thomcbell} same with rut

01[11:22] {@Threei}  - Anybody expecting newly-installed Fed Chair Yellen to back off on tapering QE is disappointed this morning. Yellen's firm embrace of the Bernanke status-quo, plus the collapse of the House GOP's desperate attempt to extract concessions for a debt ceiling increase are encouraging risk appetite.

01[11:22] {@Threei}  - Yellen's prepared remarks before Congress this morning were unremarkable. Yellen pledged her support for current FOMC policy and emphasized that there would be a great deal of continuity in monetary policy - which the market understands to mean that the taper will continue unchanged.

[11:25] {thomcbell} kog 1:1

[11:25] {thomcbell} it took full firehose to get there 

01[11:28] {@Threei}  LEN... sheesh

[11:29] {thomcbell} i was watching i guess there was a pattern failure somewhere in there on bear side 

01[11:29] {@Threei} Long Setup:  CAT  .05 break

01[11:29] {@Threei}  If holds  .95 

[11:29] {thomcbell} but othere than that not eeasy 

01[11:33] {@Threei}  no go

01[11:33] {@Threei}  time to back off breakouts

[11:34] {RonS} wow lucky sell wbmd

01[11:35] {@Threei}  yeah

01[11:37] {@Threei} Short Setup: LEN  .80 break

01[11:37] {@Threei}  If holds  .90 

[11:39] {thomcbell} y just thought same thing 

01[11:39] {@Threei}  let's see if LEN thinks the same thing :)

[11:40] {thomcbell} it may think its two sided

01[11:40] {@Threei}  it needs some shrink sessions then

01[11:42] {@Threei}  ok LEN... know thyself

01[11:43] {@Threei}  and drop

01[11:43] {@Threei}  nice clean double top

01[11:43] {@Threei}  and don't even think of being a scalp

01[11:45] {@Threei}  1:1  

[11:46] {thomcbell} out balance on kog

01[11:46] {@Threei}  thom, LEN agreed with us

[11:49] {thomcbell} yes 

01[11:50] {@Threei}  come on LEN, you can do more

01[11:50] {@Threei}  be more

01[11:51] {@Threei}  it might need some kind of motivational speech

01[11:52] {@Threei}  spread your wings like a butterfly, LEN... and drop like a stone

01[11:58] {@Threei}  CAT... bastard

01[12:09] {@Threei}  1:2  LEN 

01[12:10] {@Threei}  told ya... motivational speeches work

[12:17] {munky} rax was short de jour

[12:22] {dino} rax strange, beats, ceo retires, drops 17%

[12:27] {RonS} ya but they announced direction towards new business model...

[12:27] {RonS} ceo is 47...lucky bastard...

[12:29] {RonS} nus

[12:29] {RonS} hlf

01[12:31] {@Threei}  Nu Skin Enterprises, Inc Strength attributed to Chinese press report suggesting probe by China authorities will not result in substantial repercussions; suggests officials will ask MLM firms to set up a fund to help victims of marketing schemes- The article seems to indicate that a senior official at the Chinese Fair Trade Commission said that his agency wants multi-level marketing firms (MLMs) to establish a foundation to help victims.

[12:32] {RonS} so...just a normal 3rd world shakedown...

[12:32] {dino} pretty much

[12:33] {RonS} victims = official's kids...

[12:34] {dino} took hours, but out prlb .70, +1.00

[12:35] {RonS} gj

[12:36] {dino} ty

[12:44] {dino} ehth blood today and yesterday

[12:44] {RonS} 160 p/e what could go wrong...

[12:46] {dino} ugh prlb

[12:46] {RonS} lol prlb

[12:48] {RonS} bid getting some

[13:00] {RonS} irbt news?

01[13:01] {@Threei}  nothing since Feb 7

[13:01] {dino} nope

[13:02] {dino} noise about patents thats all

[13:02] {RonS} monster volume...

01[13:08] {@Threei}  IRBT Moves to session highs on positive mention from CNBC contributor

01[13:08] {@Threei}  there

01[13:11] {@Threei}  crap... missed cover of the last part of LEN around .55

[13:24] {dino} irbt s .99

[13:25] {munky} fb trying for high

01[13:26] {@Threei}  feels to me like break and run

[13:26] {munky} yea, cept breakouts tough today

01[13:27] {@Threei}  right, so I want to wait for it to get stopped, and then buy

[13:27] {munky} ok

[13:33] {RonS} yod nutz

[13:33] {dino} out wbmd .90, +.34

01[13:34] {@Threei}  wtg

[13:34] {dino} ty

[13:40] {munky} rax  will lose 33 today, prob losev32

[13:41] {dino} mkto spike

[13:44] {munky} yod 

01[13:52] {@Threei} Short Setup: FB  .20 break

01[13:52] {@Threei}  If holds  .30 

01[13:55] {@Threei}  half out

01[13:55] {@Threei}  1:1  

[13:59] {dino} ocn drop

[14:03] {munky} u c a long fb here?

01[14:03] {@Threei}  can't tell

[14:04] {munky} rax

[14:04] {munky} there

[14:04] {dino} sounds like name of a strip club

01[14:04] {@Threei}  interstingly enough, majority of trades work today but we got what, just 2 1:2ers? the rest were scalps

[14:05] {munky} was thinkin same

01[14:05] {@Threei}  this is indicative of something

[14:05] {nemo} and that would be?

[14:06] {munky} just dont know what lol

01[14:06] {@Threei}  but with your permission I will think tomorrow of what exactly

[14:06] {thomcbell} market being very stingy

01[14:06] {@Threei}  see, I think once every two days

[14:06] {thomcbell} except in indexes

01[14:06] {@Threei}  and I already thought yesterday

[14:06] {nemo} not according to your wife

01[14:07] {@Threei}  well, according to her I thought once in my life

[14:07] {nemo} and she's regretted it ever since

01[14:07] {@Threei}  again, according to her

[14:07] {nemo} she's always right

01[14:07] {@Threei}  judging by actions, not so much

01[14:14] {@Threei} Long Setup:  FB  .20 breal

01[14:14] {@Threei}  If holds  .15 

01[14:15] {@Threei}  your idea, munky

[14:15] {munky} my idea rax, been sh all alonhg

[14:15] {dino} did you?

01[14:15] {@Threei}  from where?

[14:16] {munky} yes

[14:16] {dino} nice

[14:16] {munky} 33.60

01[14:16] {@Threei}  and never told us?

[14:16] {munky} called loss v33 and target 32

06[14:16] * @Threei weighs a trout in his right hand

[14:16] {munky} sure did

01[14:16] {@Threei}  really?

06[14:17] * @Threei slaps Threei around a bit with a large trout

01[14:18] {@Threei}  SPY is not helping

[14:20] {munky} fb just ronse

[14:20] {munky} me out too'.13

01[14:20] {@Threei}  yeah

01[14:20] {@Threei} Short Setup: CAT  .70 break

01[14:20] {@Threei}  If holds  .80 

01[14:21] {@Threei}  change to .80 break

01[14:21] {@Threei}  If holds  .85 

[14:24] {dino} bstop to .99 irbt

[14:24] {thomcbell} how is volume today guys

01[14:24] {@Threei}  low

01[14:25] {@Threei}  about yesterday's

01[14:25] {@Threei}  Invalidated  CAT 

01[14:25] {@Threei}  bitcoin/us dollar Several bitcoin exchanges are under attack by DDoS bots; Bitstamp has halted all withdrawals temporarily - CoinDesk

[14:28] {dino} ron, ty for idea. cov irbt .76, +1.24 fl

[14:28] {_black} P do you chance of euphoria?

01[14:29] {@Threei}  no clear signs of euphoria yet

01[14:29] {@Threei}  would take a parabolic spike with sharp volume increase

[14:29] {_black} yeah the volumen has dried

01[14:29] {@Threei}  yep

[14:29] {dino} -black, no euphoric spike

01[14:29] {@Threei}  and climb is still more or less temperate

[14:30] {_black} thanks guys

[14:30] {dino} need spikes/tails for euphoria and capitulation

[14:30] {dino} np, gl

[14:30] {munky} fb vad

06[14:30] * dino slaps RonS around a bit with a large trout

01[14:30] {@Threei}  it may however reverse without euphoric spike... just need to watch for the right reversal setup

01[14:31] {@Threei}  I don't see that line of yours, munky

01[14:32] {@Threei}  maybe double top on P

01[14:32] {@Threei}  kind of the one we got earlier on LEN

01[14:32] {@Threei} Short Setup: P  .35 break

01[14:32] {@Threei}  If holds  .41 

[14:32] {munky} was popsted , lose 33 and target 32 , not my entry

01[14:33] {@Threei}  no.... I mean your line on FB

[14:33] {_black} that's what i was looking/waiting for

01[14:33] {@Threei}  [14:30] {munky} fb vad

01[14:33] {@Threei}  this one

[14:33] {munky} im confused, again lol

01[14:33] {@Threei}  I don't see it, and intend not to see it

01[14:33] {@Threei}  that's deliberate choice

01[14:34] {@Threei}  this is how I express my deep resentment about FB rinse

01[14:34] {@Threei}  die P

[14:34] {munky} out rax 33

01[14:35] {@Threei}  wtg

01[14:35] {@Threei}  60 cents is nothing to sneeze at

[14:35] {dino} gj

[14:35] {dino} irbt s .54

01[14:38] {@Threei}  decisive moment for P

[14:38] {dino} stop .76 -.22

01[14:38] {@Threei}  double top or breakout

01[14:38] {@Threei}  FB new high

01[14:41] {@Threei}  hmmm... if P can't make new high while SPY and FB do, may drop hard when they pull back

01[14:41] {@Threei}  just need oit to hold here for now

[14:42] {thomcbell} same with lnkd 

[14:42] {nemo} yeah, but no spelling in SPY, they may try to fill the gap at 182.80 today

01[14:42] {@Threei}  grrr

01[14:42] {@Threei}  blew up the lid

01[14:42] {@Threei}  too bad

[14:44] {_black} LVS make new high with desc vol

01[14:48] {@Threei} Short Setup: EBAY  .20 break

01[14:48] {@Threei}  If holds  .25 

01[14:48] {@Threei}  taking only setups with very tight stops at this point

[14:49] {dino} strange two days

01[14:49] {@Threei}  this kind of top hunting can be very fruitful but can really hurt if risk control is lax

01[14:49] {@Threei}  Invalidated  

[14:50] {dino} bid moves going into record date on dividend ($4.37)

[14:56] {dino} prlb back down

01[14:57] {@Threei} Long Setup:  GLD  .55 break

01[14:57] {@Threei}  If holds  .50 

[15:05] {_black} Thanks for sharing. c u tomorrow.

01[15:06] {@Threei}  morning was way better black

[15:06] {dino} shake it off black

[15:06] {dino} tomorrow is a new start

[15:06] {_black} yep

[15:07] {dino} happens to the best of us

[15:07] {dino} cwh spike

[15:07] {dino} theres a euphoriic one black

[15:10] {dino} cwh sm s .89

[15:17] {dino} i froze it

01[15:19] {@Threei}  lol

01[15:24] {@Threei}  meh

01[15:26] {@Threei} Long Setup:  FB  .75 break

[15:27] {dino} cov cwh .68, +.21

01[15:27] {@Threei}  nice

[15:27] {dino} ty

01[15:27] {@Threei}  If holds  .70 

[15:27] {dino} back in 15 or so, bus stop

[15:29] {munky} vad, read on rax please, thinking sh

01[15:29] {@Threei}  it was at .40...

01[15:29] {@Threei}  after such sharo dive, I'd need a bounce to short again

[15:30] {munky} ty

01[15:30] {@Threei}  half out FB

01[15:30] {@Threei}  stop .74

01[15:31] {@Threei}  1:1  

[15:39] {munky} mnan, yod pushed dowm

01[15:40] {@Threei}  yodeling always puts my mood down

01[15:41] {@Threei}  come on FB, push to 1:2

01[15:43] {@Threei}  good girl

01[15:44] {@Threei}  1/4 more out

01[15:44] {@Threei}  stop .79

01[15:47] {@Threei}  out last piece on a trail

01[15:47] {@Threei}  decent one to finish the day

[15:48] {dino} prlb lod

01[15:55] {@Threei}  thank you all, have a good evening

01[15:55] {@Threei}  see you tomorrow

[15:56] {_darekj} cy tomorrow