Wednesday, April 23, 2014

Apr 23 2014

Very narrow and inactive day. Among a few scalps and couple small stops, 1:4 on AIG long pretty much made the day.

[15:41] {dino} ty, gn 
[15:49] {dino} out mdso may calls, +.60 or 34%
[15:49] {dino} sweet way to start after vacation
[15:54] {dino} gn all, thx for ideas
Session Time: Wed Apr 23 00:00:00 2014
[08:58] {dptl} good morning
01[08:59] {@Threei}  dp :)
[09:05] {dino} gm
01[09:05] {@Threei}  dino :)
[09:06] {RonS} gm...hope ese didn't get plug'ed...tried to warn him
01[09:06] {@Threei}  ron :)
01[09:07] {@Threei}  PLUG Files to offer 15M shares of stock (10.4% of shares outstanding)
01[09:07] {@Threei}  same story, zillionth time...
[09:08] {RonS} ya, get the little guys involved...and kill them
[09:08] {Phil} Hi all
01[09:09] {@Threei}  hi Phil, welcome
01[09:09] {@Threei}  some headlines... look at this:
[09:09] {Phil} thanks, glad to be here
01[09:09] {@Threei}  Agence France-Presse: Ukraine rebels brace for new assault as US troops head to region
01[09:09] {@Threei}  from this, you'd think US troops are coming to help
01[09:10] {@Threei}  in reality, it's 600, and deplyed in other countries thousands miles away
[09:11] {dino} welcome to our jungle phil
[09:12] {nemo} asylum
[09:12] {dino} good series asylum on american horror story
[09:15] {RonS} Russia cancels over half a billion dollars in bond sales due to lack of bids: http://bloom.bg/1f5v0t2
01[09:16] {@Threei}  huh? but I thought Angola supported Russia. Why won't they buy their bonds?
[09:18] {dino} no, that was nigeria
[09:18] {dino} the prince is buying
[09:19] {nemo} spy volume very low
01[09:19] {@Threei}  https://www.kyivpost.com/content/ukraine/russian-position-on-ukraine-backed-by-angola-342544.html
01[09:19] {@Threei}  :)
01[09:25] {@Threei}  low activity pre-market often results in a slight pullback at the open, then floating up
01[09:25] {@Threei}  let's take it as a working scenario for now
[09:29] {nemo} dal looks short
01[09:29] {@Threei}  FB swan dive
01[09:31] {@Threei} Long Setup:  C  48 break
01[09:31] {@Threei}  If holds  .90 
01[09:33] {@Threei}  1:1  
[09:36] {dino} vmw gap fill feb
01[09:36] {@Threei}  FB FTC approves acquisition of Occulus VR
01[09:36] {@Threei}  wow DAL
[09:39] {dino} cree blood
01[09:42] {@Threei} Long Setup:  YHOO  .70 break
01[09:42] {@Threei}  If holds  .60 
01[09:44] {@Threei}  nah
[09:44] {Les} SPY
01[09:44] {@Threei}  *(US) APR PRELIMINARY MARKIT MANUFACTURING PMI: 55.4 V 56.0E
01[09:46] {@Threei} Long Setup:  AIG  .10 break
01[09:46] {@Threei}  If holds  51 
01[09:56] {@Threei}  gosh AIG... move your butt already
[09:57] {Les} that's it, harsh language
[09:57] {Les} indexes respecting vwap for the moment
01[09:58] {@Threei}  VWAP: they better. I accept no disrespect
01[09:59] {@Threei}  1:1  
[09:59] {Les} aah older brother of nemo I name thee
[09:59] {Les} scalped and out
[09:59] {Les} ty
01[09:59] {@Threei}  *(US) MAR NEW HOME SALES: 384K V 450KE
01[09:59] {@Threei}  yw
01[10:00] {@Threei}  is it still weather? or there is some new excuse in the air?
[10:05] {Les} what's wrong with the weather?
[10:05] {Les} bloody nice here
01[10:05] {@Threei}  for a few months, any bad number was explained away by weather
[10:05] {dino} vmw smr l .47 gappy
[10:05] {Les} tomatoes are going in today
01[10:07] {@Threei} Short Setup: WMT  78 break
01[10:07] {@Threei}  .c .08
01[10:07] {@Threei}  If holds  .08 
01[10:08] {@Threei}  Invalidated  
[10:09] {dino} adding cree calls
01[10:10] {@Threei}  DAL Look forward to updating plans on returning capital to shareholders and the 5-year operational plan in early May - conf call
01[10:11] {@Threei}  ok AIG, go to 1:4 and make out morning
01[10:12] {@Threei}  1:2  
01[10:17] {@Threei}  Brussels calls on Ukraine to refrain from using force while protecting territorial integrity
01[10:17] {@Threei}  I call on Brussels to refrain from breaking eggs while making an omelet
01[10:18] {@Threei}  stop .24 AIG
01[10:18] {@Threei}  briefly touched 1:3
[10:18] {dino} how they hell can you protect w/o force?
[10:18] {dino} they are giving russia ukraine
01[10:18] {@Threei}  Brussels will show how it's done by making that omelet I assume...
[10:19] {dino} egg beaters?
[10:19] {Les} Chamberlain showed how it was done. look to history
[10:19] {dino} looking familiar
01[10:20] {@Threei}  1:3  
[10:20] {dino} gj
01[10:20] {@Threei}  ty, want 1:4
01[10:21] {@Threei}  I am pretty sure Ukraine will be broken down by a few pieces before presidential election takes place
[10:22] {dino} i wonder if brussels would refrain from using force to protect itself
01[10:23] {@Threei}  their usual blah blah
01[10:23] {@Threei}  Ukraine is damned if they do and damned if they don't...
01[10:24] {@Threei}  no force means separatists bite off new and new towns and territories
01[10:24] {@Threei}  force means an excuse for Russia to send troops in
[10:24] {RonS} wow...this looks cool...Four Seasons new branded jets offer in-flight chefs and a concierge for its 52 passengers http://bloom.bg/Ptb8Ea  pic.twitter.com/M53CVDKz6N
[10:25] {dino} what, no dancers?
01[10:25] {@Threei}  $119,000 per person for double occupancy and $130,000 to travel solo.
[10:26] {Phil} not sure what use a concierge would be at 35000 feet? maybe "can you get me another double vodka"
01[10:26] {@Threei}  DAL should do that
01[10:27] {@Threei}  well, with in-flight chefs they might be able to add cranberry juice to that vodka...
[10:28] {dino} out vmw 96.17, +1.70
[10:28] {RonS} gj
01[10:28] {@Threei}  wtg
[10:28] {dino} ty
[10:29] {Les} like CREE here
[10:29] {dino} in calls
[10:29] {RonS} indian lover?
[10:30] {Les} resistance stillholding yeh saw that
[10:30] {dino} having trouble around 52.60s
01[10:30] {@Threei} Short Setup: GLD  .55 break
[10:30] {Les} vwap + 34ema strong 
01[10:31] {@Threei}  lol ron
[10:31] {Les} woha
01[10:32] {@Threei}  1:1  
01[10:46] {@Threei}  AIG 1:4 close enough
01[10:46] {@Threei}  out
[10:46] {Les} nice
[10:46] {Phil} nice trade
01[10:46] {@Threei}  so far working assumption works
01[10:47] {@Threei}  (I guess that's why they call it working)
[10:47] {Les} btfd?
01[10:47] {@Threei}  pullback, then slow climb back up
[10:47] {Les} tell that to GLD. stomp on it
01[10:47] {@Threei}  [09:25] {@Threei} low activity pre-market often results in a slight pullback at the open, then floating up
01[10:47] {@Threei}  [09:25] {@Threei} let's take it as a working scenario for now
[10:51] {thomcbell} aal on watch for a long here 
[10:53] {dino} wow, sold vmw way too soon
[10:59] {Les} trying a little cree .95
[10:59] {Les} stop under .80
[11:09] {dino} prta spike
[11:09] {dino} um smr l .78
[11:10] {dino} yum
[11:13] {dino} stop is lod
[11:15] {Les} 2nd go CREE
[11:15] {Les} .76
[11:15] {nemo} short, or long?
[11:15] {Les} long
[11:15] {Les} you insulting my already limited intelligence
[11:15] {dino} typical cree, earnings decent, drops hard. in 3 days it will be above todays high
01[11:16] {@Threei}  I see no any discernable setup there
01[11:16] {@Threei}  and spread is horrible
01[11:16] {@Threei}  are you just throwing darts Les?
[11:16] {Les} yeh like options
[11:18] {dino} theres your trigger les, higher/high
[11:18] {Les} trade is paid for
[11:18] {dino} higher/low
[11:18] {Les} half out
[11:18] {Les} yeh bit early on the trigger
[11:18] {Les} my wife been telling me that for years
[11:18] {nemo} how did you have kids then
[11:18] {Les} big guns compensate
[11:19] {Phil} lol
[11:19] {nemo} not without putting the ammunition in the right place
[11:19] {Les} ;)
[11:19] {dino} lol
[11:19] {Les} now now family site this is
[11:21] {Les} no vad key reversal points with indicator help. should have let .75 be tested instead of buying the spike like a chump
[11:21] {Les} VWAP or bust now
[11:22] {nemo} fas with a tight stop long here worth it
[11:22] {nemo} stop under .85
[11:22] {nemo} bastids
[11:23] {Les} pivot...
[11:23] {nemo} so much for never shorting a dull market
[11:23] {dino} yum air pockets, wtf, had .20 now down .20
[11:23] {nemo} no range, no volume today, easy to push in either direction
01[11:23] {@Threei}  SODA Hearing recent strength attributed to Israel press speculation that SBUX could take a 10% stake in the company valuing the company in excess of $1.1B
[11:24] {thomcbell} hd 79.30 short break if holding 79.40
[11:25] {dino} vmw smr l .30 wide
01[11:26] {@Threei}  crap... was looking at EBAY short at 55, for some reason decided it wasn't the right trade
[11:28] {dino} lamr spike
[11:28] {dino} irm spike
[11:28] {dino} eqix spike
[11:29] {thomcbell} hd cancel
01[11:29] {@Threei}  LAMR Confirms Receipt of IRS Private Letter RulingProvides 2014 Guidance
[11:30] {dino} lamr hl s .99
[11:32] {dino} out vmw .70, +.40
[11:32] {dino} cov lamr .69, +.30
[11:33] {RonS} here it comes...FM Lavrov: “Russian citizens being attacked is an attack against the Russian Federation” http://bloom.bg/1jAUGtt  pic.twitter.com/R57xD4sMDX
01[11:33] {@Threei}  scenario plays out to the t
[11:33] {RonS} a++
[11:33] {dino} thought they were ukrainians speaking russian
01[11:36] {@Threei}  that's new nationality, dino... Chameleonis RusUkr, they call it
[11:36] {RonS} father-in-law called me a half-breed...russian hands and roman fingers...
[11:36] {dino} lol
[11:38] {dino} vad, i am reading "bllodlands, europe between hitler & stalin", very interesting, especially w/this ukrainian situation today
[11:38] {dino} bloodlands
01[11:38] {@Threei}  haven't read that particular one, but I believe I know the story well
01[11:40] {@Threei}  can you believe how it all plays out once again?
[11:40] {dino} very similar. the occupation reasons are the same
01[11:40] {@Threei}  doubtlessly, history teaches us nothing
01[11:41] {@Threei}  read somewhere a week or two ago comparison between patriotic speeches by Hitler back then and Putin these days... it's beyond chilling
01[11:42] {@Threei}  "Our nation is rising from its knees"
[11:42] {dino} wait for the forced deportations
01[11:42] {@Threei} Long Setup:  EBAY  .80 break
01[11:42] {@Threei}  If holds  .70 
[11:55] {dptl} double sided?
01[11:57] {@Threei}  looks like, yes
01[12:03] {@Threei} Long Setup:  WMT  .10 break
01[12:03] {@Threei}  If holds  78 
[12:11] {dino} yum rinsed
01[12:16] {@Threei}  "pause" day so far... very slow and narrow
01[12:17] {@Threei}  I guess market does it for Phil, to let him adapt on his first day :)
01[12:18] {@Threei}  Russian beauties are hoping to connect with you TODAY. A man like you wants the best in life. Discover it at AnastasiaDate where you?? find the most remarkable collection of ravishing women anywhere.
01[12:18] {@Threei}  ravishing eh
01[12:18] {@Threei}  dp, want me to forward you this e-mail?
[12:19] {dptl} lol...its ok :) i have some numbers
01[12:19] {@Threei}  OK... deleting then
01[12:19] {@Threei}  just make sure those are not your bank account numbers
01[12:19] {@Threei}  those ravishing women, you know...
[12:20] {dptl} yeah....
[12:23] {Phil} sorry been trying to sort MIRC, did you get some spam from me?
01[12:23] {@Threei}  unless you run russian dating agency, no
[12:24] {Phil} only on weekends
01[12:24] {@Threei}  let's trail WMT to .04
01[12:24] {@Threei}  and EBAY to .76
[12:33] {nemo} late August trading
01[12:33] {@Threei}  .15 break may take us to .16
01[12:33] {@Threei}  which if we are very lucky will be followed by .17
01[12:36] {@Threei}  closed EBAY
01[12:43] {@Threei}  ok WMT, it's time
01[12:45] {@Threei}  stubborn EDGX seller
01[12:47] {@Threei}  finally
01[12:47] {@Threei}  1:1  
01[12:48] {@Threei}  half out, stop to .09
[12:49] {dptl} watching low for .55 break short
01[12:53] {@Threei}  (RU) US NATO ambassador Confirms earlier press report that NATO jets chased off Russia military surveillance planes that violated Dutch airspace.
[13:12] {dino} arhm sm l .65
[13:15] {dino} opps armh
[13:41] {dino} vmw smr l .40
[13:41] {mib_ss76vq} hello
[13:41] {mib_ss76vq} hello hello
01[13:41] {@Threei}  ?
[13:42] {mib_ss76vq} whats up
[13:42] {dino} slow afternoon
01[13:42] {@Threei}  see private message
[13:42] {nathan} hi gents
01[13:42] {@Threei}  hey nathan
[13:43] {dino} hey nat
[13:43] {nathan} what's up dino?
01[13:43] {@Threei}  mib_ss76vq, see private message
[13:43] {dino} bored
[13:43] {nathan} yep
[13:43] {nathan} so slow
01[13:44] {@Threei}  nathan... I tired to entertain them with 1:4 on AIG... but they are still bored
[13:44] {nathan} lol
01[13:44] {@Threei}  some are never happy {G}
[13:44] {nathan} :-)
01[13:47] {@Threei} Long Setup:  TZA  .30 break
01[13:47] {@Threei}  If holds  .20 
01[13:48] {@Threei}  watch VXX for possible pullback entry, around .10
[13:49] {dino} achc drop
[13:49] {thomcbell} wow that thing is ugly 
01[13:50] {@Threei}  {that thing} I want second opinion
[13:51] {nathan} oh shit BK
[13:52] {dino} bk spike
[13:52] {nathan} kick me out
[13:52] {nathan} i was in  :-(
[13:52] {nathan} in the wrong direction
[13:52] {RonS} $BK working w/ GS for apparent unit sale
[13:52] {dino} s bk .46
01[13:53] {@Threei}  nathan... why were you in??
[13:54] {nathan} there were some kind of double botton
01[13:54] {@Threei}  but you were short
[13:54] {nathan} double top
[13:54] {nathan} i sorry
01[13:55] {@Threei}  I don't see it
01[13:55] {@Threei}  or any other short setup
01[13:55] {@Threei}  didn't we agree that trading on "I think" is a no-no?
[13:56] {nathan} true, but there were some kind of double top: -cog at 15 min graph, 2 max a 1min graph
01[13:57] {@Threei}  setup has to be strictly defined
01[13:57] {@Threei}  what serves as a trigger, what serves as a stop, what serves as an invalidation
[13:59] {dino} armh stop -.30
01[14:05] {@Threei} Long Setup:  VXX  .10 break
01[14:05] {@Threei}  If holds  41 
01[14:15] {@Threei}  half out vxx
01[14:15] {@Threei}  half out TZ\A
01[14:15] {@Threei}  TZA
01[14:17] {@Threei}  today feels different into eod, panic is likely
01[14:17] {@Threei}  and you know how I love panic
[14:17] {Phil} Vad, am I right seeing a C&H on C?
01[14:18] {@Threei}  yup
01[14:18] {@Threei}  not sure it's wprth a trade but chart confguration is there'
01[14:18] {@Threei}  1:1  VXX 
[14:18] {Phil} OK thanks, just trying to train my eye still
[14:28] {dino} cov bk +.05 won't move
[14:28] {nemo} what is moving?
[14:28] {dino} lol, good point
01[14:49] {@Threei}  ok TZA
01[14:49] {@Threei}  make our evening
[14:55] {thomcbell} swks very impressive
[14:56] {dino} cramer pushing it
01[15:07] {@Threei}  ok, where is my panic?
[15:09] {dino} not here, going green
01[15:09] {@Threei}  :(
[15:10] {dino} they want 7 up in row
01[15:11] {@Threei}  even if market manageds to contain the loss to what it is right now, it's a success for bulls
01[15:11] {@Threei}  breather before resuming uptrend
[15:13] {dino} out vmw .20, +.80
01[15:13] {@Threei}  not too shabby
[15:14] {dino} ty, took about 2 hours, but what the hell
01[15:16] {@Threei}  I don't know... there is a rule somwehere that if it took more than an hour to make profit, you have to transfer half to charity named "SEC"
[15:16] {dino} just my luck
[15:25] {nemo} finnies have been strong all day
01[15:31] {@Threei}  that C&H worked on C, Phil
01[15:34] {@Threei} Long Setup:  JPM  .05 break
01[15:34] {@Threei}  If holds  56 
01[15:34] {@Threei}  finishing scalp with very small risk
[15:39] {Phil} yes, hopefully will help me build confidence
01[15:43] {@Threei}  meh
[15:49] {nemo} $.62 range on the spy today, sheesh
01[15:50] {@Threei}  yeah, narow
01[15:52] {@Threei}  okay guys, thank you all
01[15:53] {@Threei}  have a good evening, see you tomorrow
[15:53] {dino} same here, gn all
[15:53] {Phil} thanks, see you tomorrow
[15:53] {dptl} see ya tomorrow all