Wednesday, April 2, 2014

Apr 2 2014

Very nice day despite slow action. A few 1:2ers and scalps, with just one stop and one scratch. GLD, VXX, WMT, DAL...

Session Time: Wed Apr 02 00:00:00 2014
[08:58] {dino} gm 3i
01[08:59] {@Threei}  morning dino
[09:04] {dino} lqdt filled the gap below
[09:07] {dptl} good morning
01[09:07] {@Threei}  dp :)
[09:07] {RonS} gm...lqdt trading like somebody knows something, and it sure isn't me...
01[09:08] {@Threei}  ron :)
01[09:08] {@Threei}  FCX... quite restrained reaction on copper jump
[09:08] {thomcbell} esp with gold up
[09:08] {RonS} hearing gold jump on JPM blocking some sort of Russian transaction
01[09:09] {@Threei}  hah
01[09:09] {@Threei}  that was 5K transaction
[09:09] {nathan} gm gents
01[09:09] {@Threei}  originated by that bank that was sanctioned
01[09:09] {@Threei}  nathan :)
01[09:10] {@Threei}  if this kind of things is all goldbugs have left...
[09:11] {nathan} i asked day off so I can trade during the morning
[09:12] {dino} .
01[09:13] {@Threei}  LQDT Tier 1 Firm reiterates Underperform rating, price target $25
01[09:14] {@Threei}  Liquidity Services Apparent High Bidder for Non-Rolling Stock Surplus Contract with the U.S. Department of Defense- Has been determined the apparent high bidder for a contract with the U.S. Defense Logistics Agency (DLA) to purchase, manage and sell non-rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Liquidity Services, Inc.s high bid was equal to 4.35% of the DoDs original acquisition value (OAV). The Surplus Contract has a base term of two years with four one-year renewal options. - Bidding for the DoD surplus rolling stock contract will take place in a live auction being held by the DLA on April 2, 2014.
[09:15] {dino} fly on the wall, baird says it overbid
[09:17] {dino} thing has dropped from 27 to 20 in a day. 26% seems a bit extreme
01[09:17] {@Threei}  NATO suspends cooperation with Russia on Afghanistan projects
01[09:17] {@Threei}  16:09•
01[09:17] {@Threei}  NATO asks military commanders to draw up by April 15 plans to reinforce presence on Russian borders
01[09:17] {@Threei}  NATO feels renewed sense of purpose, eh?
[09:18] {RonS} lol, ya think...and if war breaks out lqdt will sell the same stuff back to the dod +50%
[09:19] {dino} lol
[09:26] {ese} morning
01[09:26] {@Threei}  ese :)
[09:26] {ese} gtt
[09:27] {ese} morning....wrong cursor box again
[09:30] {dino} smr l lqdt .21
[09:30] {nemo} wow...thought you wait out the first 15
01[09:31] {@Threei} Long Setup:  FCX  .30 break
01[09:31] {@Threei}  If holds  .20 
[09:33] {dino} usually do
[09:34] {dino} should have
[09:34] {nemo} broke your own rules
[09:35] {dino} yes and paid for it
[09:35] {thomcbell} watching dal for buy setup 
[09:35] {thomcbell} aal screaming 
01[09:35] {@Threei}  Invalidated  
01[09:35] {@Threei} Long Setup:  GLD  .50 break
01[09:36] {@Threei}  If holds  .40 
01[09:39] {@Threei}  let's tighten to .44
01[09:39] {@Threei}  takes too long
01[09:39] {@Threei}  especially for the morning, things should happen much faster
[09:40] {thomcbell} looking for a pattern in ayi on short side 
01[09:41] {@Threei} Long Setup:  WMT  .40 break
01[09:41] {@Threei}  If holds  .30 
01[09:44] {@Threei}  1:1  GLD 
[09:45] {dino} adding lqdt calls
01[09:46] {@Threei}  WMT stop to .34
01[09:49] {@Threei}  1:1  WMT 
01[09:52] {@Threei}  closed WMT balance on a trail
[09:53] {dino} mkts feel heavy
[09:53] {dino} tza l .98
01[09:53] {@Threei}  1:2  GLD 
01[09:54] {@Threei} Long Setup:  FCX  .30 break
01[09:54] {@Threei}  If holds  .20 
01[09:57] {@Threei}  nathan, how are you doing?
[09:58] {nathan} not to bad, watching and following your calls
[09:58] {nathan} :-)
01[09:58] {@Threei}  ok... just making sure you didn't take day off for nothing :)
[09:58] {nathan} lol
01[09:58] {@Threei}  ok, FCX invalidated again, and dropping it
01[09:58] {@Threei}  not a player
01[09:59] {@Threei}  *(US) FEB FACTORY ORDERS: 1.6% V 1.2%E
01[10:00] {@Threei}  closed last piece GLD
01[10:01] {@Threei} Short Setup: GG  .19 break
01[10:01] {@Threei}  If holds  .30 
[10:02] {dino} tza to flat
01[10:03] {@Threei} Long Setup:  DAL  .25 break
01[10:03] {@Threei}  If holds  .15 
01[10:04] {@Threei}  DAL stop to .19
[10:04] {nemo} probability is higher we do chop chop into the employment report on Friday
01[10:04] {@Threei}  GG stop to .26
[10:04] {nathan} nice DAL
01[10:05] {@Threei}  1:1  DAL 
01[10:06] {@Threei}  1:2  
01[10:07] {@Threei}  (US) Supreme Court strikes down limits on total donations to political campaigns
01[10:07] {@Threei}  out last piece DAL
[10:09] {nemo} FB
[10:09] {nemo} whoa
[10:09] {nemo} nevermind
[10:09] {ese} of course they would.......there the ones who probably received the most donations getting to the top
[10:11] {dptl} symc 20 short
01[10:13] {@Threei}  GG stop to .21
01[10:13] {@Threei}  minuscule risk
[10:13] {dino} ese, whats the vdiffenerece w/union donations?
[10:14] {nemo} yeah, unions are just big temporary employment companies
[10:14] {dino} forced deductions from pay used to support many candidates that the paytees don't want
[10:14] {dino} tza l .96
[10:16] {nemo} FB may be ready
[10:17] {dino} axe smr l ave .69
01[10:17] {@Threei}  feels like one more rug pull, FB
[10:18] {dptl} short tsn .75 break 
[10:19] {dptl} hlot
[10:19] {dptl} half lot
[10:19] {nemo} frig FB
[10:20] {ese} hmmmmmm ya
[10:21] {dptl} half out tsn
01[10:21] {@Threei}  DAL US Supreme court rules in favor of Delta in frequent flier lawsuit
[10:21] {ese} can't disagree with that......
[10:22] {ese} am eyeing plug again
[10:24] {ese} ya!!!!!! and i'm all for that man!!!!! forcing people to wear suits on an airplane.......lets get them standards back up there eh!!!
01[10:25] {@Threei}  lol
[10:25] {nemo} as long as ur in a straight-jacket ese, I'm good with it
01[10:25] {@Threei}  notice ese... they only require that from frequent fliers
01[10:26] {@Threei}  occassional ones still can travel in their swets
01[10:26] {@Threei}  sweats
[10:26] {ese} lol
[10:26] {dino} stuck in tight range again
[10:27] {dino} market range as tight as dal coach seat
[10:27] {RonS} lol and no kidding
[10:27] {ese} thats one way to look at it for sure
[10:27] {dptl} out some more tsn 1:2
[10:27] {dino} gj dp
[10:28] {thomcbell} dnr daily chart 
01[10:28] {@Threei}  nice find dp
[10:28] {dptl} ty
[10:28] {dino} dp, you played break of s2?
[10:28] {nemo} On a trip to Australia I was once drinking with a retired aeroengineer who helpe design some of the airliners
[10:28] {ese} mrkt participants gotta be treading lightly now that the S&P is at an all time high.....probably some skitishness going on
[10:28] {nemo} He said they allotted exactly the same width seat allotted to slaves on the slave ships
[10:28] {nemo} I think they had more legroom though\
[10:29] {dptl} yes Dino
[10:29] {ese} too funny
[10:29] {dino} nemo, my 26 year old niece areospace engineer for pratt/whitney in ct
01[10:29] {@Threei}  nemo... do they also plan to make us row?
[10:29] {nemo} I'm all of 5'6" and 170 pounds, and I'm uncomfortable in coach
[10:30] {nemo} Pratt & Whitney is primarily an engine manufacturer I think
[10:30] {ese} i'm about the same.....5 7 181lbs
[10:31] {ese} L plug sm .95
[10:31] {nemo} slow grind up
01[10:32] {@Threei}  Yanukovych doubts legitimacy of May 25 presidential election
01[10:32] {@Threei}  lol
01[10:33] {@Threei}  Hosnei Mubarak also doubts legitimace of Egypt government
[10:33] {dino} tza stop -.07
01[10:33] {@Threei}  much good it does for him
[10:38] {dptl} closed tsn on trail
[10:38] {ese} ya well......hes socked away a couple of 100mil for himself and the family
[10:39] {thomcbell} i think that is 100bb
[10:39] {thomcbell} definitely over 1b b
[10:44] {RonS} took axe 96.68 out 97.40 +.72 thanks dino
[10:46] {dino} gj
[10:53] {nemo} Might as well just play with bunny
[10:55] {dptl} long cmcsa .57..stop .49
[11:00] {dptl} half out
[11:03] {dptl} stop to .59
[11:04] {dptl} out
01[11:05] {@Threei}  good management
[11:05] {dptl} waited some more at.70 bastards didt fill me :)
01[11:05] {@Threei}  well... quiet time starts
[11:06] {dptl} yeah 
[11:06] {RonS} hearing sa hit piece out on PLUG
01[11:07] {@Threei}  Plug Power Inc Hearing Kerrisdale Capital making cautious comments
01[11:08] {@Threei}  this amazes me:
01[11:08] {@Threei}  IMF's Lagarde: There is an emerging risk of low inflation, especially in the eurozone; should see global GDP above +3% in 2014 and 2015- ECB needs to undertake more monetary easing to fight low inflation.
01[11:08] {@Threei}  how the hell did it become a norm to want to have high inflation
[11:12] {dino} out axe 97.89, +1.20
[11:12] {dptl} nice :)
[11:13] {nathan} nice dino!
[11:13] {dptl} i guess just got lucky again :) heh Dino...gj
[11:13] {dino} ty
[11:14] {RonS} ese got PLUG'd or did he get unPLUG'd?
01[11:18] {@Threei}  [10:31] {ese} L plug sm .95
01[11:18] {@Threei}  that was last we heard
01[11:26] {@Threei} Inc Unveils new video streaming device, Amazon FireTV- Says its product will address complaint they have heard about other streaming devices: difficulty with search, slow performance, and closed ecosystem [ie Apple iTunes] - Device features a quad-core processor with a dedicated GPU, 2GB of RAM, dual band wifi radio, bluetooth remote. - "ASAP" features loads movies faster. - Features an open ecosystem with a wide variety of content partners at launch, features HTML apps - Includes voice search by using a microphone in the remote
[11:27] {dptl} hmm...i just got that chromecast....really enjoing it nice little thing
[11:27] {thomcbell} alsn 30.72 long break if holding 30.65
01[11:28] {@Threei}  I looked at it... not sure whether I need it, got sony box that does the same and much more
[11:28] {RonS} lol...imagine nemo's place when his dad starts swearing at the will go ape
[11:28] {dptl} yeah if you have sony you dont really need it
[11:33] {dino} tza l .90
[11:38] {ese} My trade the news got cut off
01[11:38] {@Threei}  server problem
[11:39] {ese} It must be
[11:39] {thomcbell} ALSN invalid but i am still interested if something develops near the pivot 
[11:50] {dptl} ebay short .85 ? what do you think Vad?
01[11:50] {@Threei}  nah
01[11:51] {@Threei}  jelly fish
01[11:51] {@Threei}  can float either way, or stay put, with the same odds
[11:51] {dptl} i see 
[11:52] {thomcbell} look at mrvl Vad
[11:53] {thomcbell} for such a heady upmove yesterday this thing is trading very tightly in here 
01[11:54] {@Threei}  looking thom
01[11:55] {@Threei}  I'd say, yesterday was very out of ordinary for it... look at daily, it trades within one dollar for months...
01[11:55] {@Threei}  hardly a player, unless you are HFT robot scalping 1 cent :)
[11:58] {thomcbell} right 
[11:59] {RonS} didn't you see the mrvl ruling yesterday thom?
[12:00] {thomcbell} i did - i thought with the volume yest and percentagae move there could have been some follow thru
[12:12] {ese} L some plug avg .55   cya tomorrow....gotta go
[12:16] {dino} cya ese
[12:19] {nathan} watching JPM
[12:52] {nathan} i'm back in a while
[12:59] {dino} another dead afternoon
01[12:59] {@Threei}  I think we are in this pattern until some event comes
[13:01] {dino} pretty much sucks, no movement
01[13:07] {@Threei}  watching VXX for pullback entry
[13:08] {nemo} vxx lulled me to sleep
[13:10] {thomcbell} glog 25.17 short break if holding 25.26 
[13:10] {thomcbell} half lot 
[13:12] {thomcbell} ultimately i like it this long today but where it is in relation to its pivot and waning demand for shares makes it look a bit vulnerable 
[13:15] {thomcbell} scratching this 
[13:15] {thomcbell} vwap below 
[13:19] {dino} 07 red
[13:33] {dino} lqdt spike
01[13:33] {@Threei}  (UR) US sends one Navy destroyer into the Black Sea as a symbolic gesture of support for Ukraine and regional allies
01[13:33] {@Threei}  Ukraine: ah, if only symbolic gestures helped...
01[13:37] {@Threei} Long Setup:  VXX  .25 break
01[13:37] {@Threei}  If holds  .15 
01[13:44] {@Threei}  1:1  
01[13:54] {@Threei}  1/4 more out
01[13:54] {@Threei}  1:2 is close enough
[13:56] {dptl} watching fcx
[13:56] {dptl} short idea
01[13:57] {@Threei}  out last piece VXX
01[13:57] {@Threei}  pleasant and easy midday trade
[13:57] {nemo} I was napping
01[13:58] {@Threei}  too bad
[14:03] {dptl} hmm...just cant pull the triger on fcx....leaving it alone
[14:09] {nemo} vwap .41
[14:18] {dptl} my inner dp saves me lol
01[14:20] {@Threei}  ok... I'll leave that with no comment
[14:20] {dptl} lol
01[14:20] {@Threei}  but I am sure nemo started paying attention
[14:21] {dptl} o o 
[14:22] {nemo} oh yeah...I just left it alone
01[14:22] {@Threei}  thought so
[14:23] {dptl} saved again :)
01[14:23] {@Threei}  kind of "first time we will let it go"
[14:23] {nemo} don't be countin' ur chickens now there DP
[14:23] {dptl} lol
01[14:23] {@Threei} Long Setup:  P  .30 break hl
01[14:23] {@Threei}  If holds  .20 
[14:24] {nemo} AKAM looks short
01[14:25] {@Threei}  {AKAM} crap... they told me those lifts in my shoes would really help...
[14:25] {nemo} oy
[14:27] {dptl}  .leaving early..see ya all tomorrow 
01[14:27] {@Threei}  take care
[14:28] {dino} cya dp
[14:28] {nathan} bye dp
01[14:33] {@Threei} Long Setup:  VXX  .40 break
01[14:33] {@Threei}  If holds  .30 
[14:43] {nemo} iwm finnies and spy are walking the pivot
[14:43] {nemo} I lied....vwap
[14:45] {dino} axdx drop
[14:45] {nathan} so slow at this time
[14:46] {nemo} til Friday more than likely
[14:46] {nathan} why?
[14:46] {nemo} jobs report
[14:46] {nathan} ok
[14:46] {nemo} Fed Days Jobs Report  Retail Reports are becoming more and more important, so there always seems to be a pause
[14:47] {nemo} plus you just had two major-ass up days
[14:47] {nathan} :-)
[14:48] {nemo} Even Les could have anticipated this
[14:48] {nemo} well, that might be a stretch
[14:49] {nathan} some entertiment :
[14:50] {nemo} nobody better tell their homeowners insurance company
[14:51] {nathan} :-)
[14:51] {nemo} uri
[14:52] {nathan} Vad, i phoned my boss to tell him that tomorrow I got more important things to do
[14:52] {nathan} :-)
01[14:53] {@Threei}  and you told the truth...
[14:53] {nathan} I told him that..
[14:53] {nathan} i have a meeting somewhere in the afternoon
[14:55] {dino} ledmv spike
[14:55] {nathan} capitulation on MET?
[14:56] {dino} no
[14:56] {nathan} not yet?
[14:56] {nathan} can u consider this a volume explosion?
[14:57] {dino} no
[14:57] {nathan} ok, what else do u need?
01[14:57] {@Threei}  it's not something you can easily measure
[14:57] {dino} i like to see a few dollars drop w/volume
01[14:58] {@Threei}  there is no slioghtest sense of urgency to enter it yet
[14:58] {dino} look april 4 vol spike met
[14:58] {dino} apr 2 i mean
[14:58] {nathan} ok
[14:59] {dino} met is only a .30 fast drop. not capit imo 
[15:00] {nathan} thanks dino
[15:00] {dino} np, just my opinion
[15:07] {nemo} wow, spy volume not existent
[15:07] {nathan} gents have a good night
[15:07] {nemo} hasta loco
[15:07] {nathan} thanks Vad & team
[15:07] {nathan} hasta luego loco
[15:07] {dino} cya nat
[15:07] {nemo} vaya con Diablo
[15:08] {nathan} lol
[15:09] {nemo} vxx two way
[15:10] {nemo} althoug basically resting on pivot
01[15:31] {@Threei} Long Setup:  VXX  41 break
01[15:32] {@Threei}  If holds  .95 
01[15:46] {@Threei}  half out .06
01[15:46] {@Threei}  time's pressing
01[15:46] {@Threei}  stop to .99
[15:52] {nemo} vxx should be more active tomorrow
01[15:53] {@Threei}  1:1  
01[15:53] {@Threei}  out .11
01[15:53] {@Threei}  nice day
01[15:53] {@Threei}  thank you all, have a great evening
01[15:53] {@Threei}  see you tomorrow
[15:54] {dino} gn
[15:54] {dino} holding that lqdt