Thursday, April 24, 2014

Apr 24 2014

Not overly active day but more so than yesterday. Finishing on a positive side, with last trade being 1:2 on VXX

Session Time: Thu Apr 24 00:00:00 2014
[09:04] {dino} gm
01[09:05] {@Threei}  morning dino
[09:08] {_troub} good morning
01[09:09] {@Threei}  morning troub, welcome
[09:09] {_troub} thank you  looking forward to a fun week.
[09:14] {Phil} good morning/afternoon
01[09:16] {@Threei}  phil :)
01[09:16] {@Threei}  does mirc work?
[09:17] {Phil} yes seems to, thanks for your help
01[09:17] {@Threei}  yw
[09:18] {dino} fti gap filling
[09:18] {dptl} good morning
[09:18] {RonS} hello everyone
01[09:19] {@Threei}  dp, ron :)
[09:19] {dino} .
[09:21] {RonS} China Strips Sina of Publication, Distribution Licenses Over Lewd Content
01[09:22] {@Threei}  6.7 magnitude earthquake off NW Vancouver Island yesterday evening
01[09:24] {@Threei}  Five dead, one wounded as anti-terror operation continues in Slaviansk
01[09:24] {@Threei}  well... ball is in Putin's court
[09:24] {RonS} fcx pop
01[09:24] {@Threei}  and I don't think it's going to stay there for too long
[09:26] {ese} morning
01[09:27] {@Threei}  ese :)
[09:27] {ese} morning vad
[09:27] {dino} ua?
[09:27] {ese} didn't feel that quake last night......did you?
01[09:27] {@Threei}  UA Reports Q1 $0.06 v $0.04e, R$641.6M v $597Me
[09:28] {ese} my wifes realtives said they could feel it in Vancouver
01[09:28] {@Threei}  I didn't
01[09:28] {@Threei}  yeah, more reports from mainland, even though it was to the west of island
01[09:28] {@Threei}  dp must have felt it
[09:29] {ese} felt it!....he probably caused it...fell over after drinking too much
[09:30] {dptl} lol....no.didt feel anything
01[09:30] {@Threei} Long Setup:  C  .40 break
01[09:30] {@Threei}  If holds  .35 
01[09:31] {@Threei}  1:1  
01[09:32] {@Threei}  was very nice of it to return and pick us up
01[09:32] {@Threei}  that's what I call courteous stock
[09:32] {dino} ua smr l .60
01[09:33] {@Threei}  UA Tier 1 Firm reiterates Buy rating, price target $60
01[09:34] {@Threei}  FDA formally releases its proposal extending authority over additional tobacco production including e-cigarettes- Consistent with currently regulated tobacco products, under the proposed rule, makers of newly deemed tobacco products would, among other requirements: --Register with the FDA and report product and ingredient listings; --Only market new tobacco products after FDA review; --Only make direct and implied claims of reduced risk if the FDA confirms that scientific evidence supports the claim and that marketing the product will benefit public health as a whole
01[09:34] {@Threei}  if goes through, that ends small companies selling e-cigarettes
01[09:36] {@Threei} Long Setup:  GLD  123 break
01[09:36] {@Threei}  If holds  .90 
01[09:38] {@Threei}  1:3  
01[09:38] {@Threei}  this train never stopped at 1:1 or 1:2
[09:38] {Phil} wow, what a trade, thanks Vad
01[09:38] {@Threei}  yw
[09:39] {dino} ua stop flat
[09:39] {dino} reload .69
[09:40] {thomcbell} watching cien for a short entry 
[09:44] {RonS} took ua 49.96 out 50.85 +.89  thanks dino
01[09:44] {@Threei}  eeck GLD
[09:44] {dino} yw, gj ron
01[09:44] {@Threei}  nice one guys
[09:47] {dino} reload ua .56
01[09:48] {@Threei}  bounce time very soon, SPY
[09:48] {RonS} cree gonna run the $50 stops
01[09:48] {@Threei}  watching AIG for bounce setup
01[09:49] {@Threei} Long Setup:  AIG  .60 break
01[09:49] {@Threei}  If holds  .50 
01[09:51] {@Threei}  can't believe I was looking at TZA for 16.05 break setup, and decided against it
01[09:51] {@Threei}  idiot
01[09:51] {@Threei}  1:1  AIG 
01[09:52] {@Threei}  that earthquake must have impacted me
[09:53] {dino} cree sm l .93
[09:56] {dino} wow ua
01[10:01] {@Threei} Long Setup:  VXX  .50 break hl
01[10:02] {@Threei}  1:1  
01[10:04] {@Threei}  Russian tanks, APCs, trucks mobilizing 10 kilometers from eastern border
[10:05] {dino} calling obummer's bluff
01[10:05] {@Threei}  look how scenario we outlined plays out, to the letter:
01[10:06] {@Threei}  he original plan for Sloviansk today was to recapture the town from separatists, including all government buildings they had taken over, a senior security official told the Kyiv Post. The operation, however, has been halted for the moment as the government is reformulating the plan based on their latest intelligence from the eastern border, the official said.
[10:06] {dino} i saw in todays paper syria renewed gas attacks on its people
01[10:06] {@Threei}  According to Ukrainian intelligence, the risk of Russian troops crossing the border has increased dramatically, according to a senior security official in the government.
01[10:06] {@Threei}  Russian Defense Minister Sergei Shoigu said on April 24 that the violence stemming from Ukraine's anti-terror operation in eastern Ukraine has prompted Russia to launch military drills in western Russia.
01[10:07] {@Threei}  "If this military machine is not stopped today, it will lead to a large number of dead and wounded," he continued.
01[10:07] {@Threei} Long Setup:  TZA  .80 break
01[10:08] {@Threei}  If holds  .70 
01[10:08] {@Threei}  stop to .74
01[10:08] {@Threei}  to protect from double top
[10:11] {dino} adding ua calls
01[10:11] {@Threei}  meh
01[10:11] {@Threei}  Associated Press: Putin calls the Internet a 'CIA project'
01[10:12] {@Threei}  really
01[10:12] {@Threei}  not Al Gore's?
[10:12] {dino} lol putin drinking early this am?
01[10:14] {@Threei}  The Kremlin has been anxious to exert greater control over the Internet, which opposition activists — barred from national television — have used to promote their ideas and organize protests.
01[10:14] {@Threei}  Russia's parliament this week passed a law requiring social media websites to keep their servers in Russia and save all information about their users for at least half a year. Also, businessmen close to Putin now control Russia's leading social media network, VKontakte.
01[10:14] {@Threei}  Speaking Thursday at a media forum in St. Petersburg, Putin said that the Internet originally was a "CIA project" and "is still developing as such."
[10:14] {nemo} so, he's just jealous
01[10:14] {@Threei} Long Setup:  FCX  .10 break
01[10:15] {@Threei}  If holds  34 
01[10:17] {@Threei}  two-sided
[10:17] {RonS} re-loaded ua 49.45 out 50.45 +1.00 thing is a beaut...
01[10:17] {@Threei} Short Setup: FCX  34 break
01[10:17] {@Threei}  If holds  .10 
[10:17] {dino} ron, having fun w/it here too
01[10:17] {@Threei}  wtg Ron
01[10:18] {@Threei}  found your ATM for the day eh? :)
[10:18] {dino} indeed
01[10:21] {@Threei}  long it is
01[10:22] {@Threei}  1:1  
[10:23] {dino} ua wants s3
01[10:35] {@Threei}  stop for the balancer to .14
01[10:35] {@Threei}  -r
01[10:36] {@Threei}  1:2  
01[10:39] {@Threei}  will try to 1:4
01[10:39] {@Threei}  .40 is good resistance to break and spike... if SPY helps any
[10:41] {nemo} GS never went red on that woosh down this morning
01[10:42] {@Threei}  while we are waiting for FCX, look at my two latest "tulip mania" shots
01[10:42] {@Threei}  https://www.facebook.com/photo.php?fbid=639982482747937&set=a.488848774527976.1073741828.483178015095052&type=1&theater
01[10:43] {@Threei}  https://www.facebook.com/photo.php?fbid=639989449413907&set=a.488848774527976.1073741828.483178015095052&type=1&theater
[10:44] {_troub} beautiful. Your work?
01[10:44] {@Threei}  yes
[10:44] {nemo} yep
[10:44] {Phil} very nice! have you seen that new lytro camera?
01[10:44] {@Threei}  photography, not growing tulips :)
01[10:45] {@Threei}  yeah... not a fan of those lytros
[10:45] {Phil} interesting technology
01[10:47] {@Threei}  picked a rainy day for that photo session, and was rewarded with quite a few shots of tulips with water drops on the petals
01[10:48] {@Threei}  while normal people try to pick up sunny days to visit gardens, lol
[10:48] {Phil} you could try a sunny day and a watering can lol
01[10:49] {@Threei}  I don't know how Butchart Gardens would take on me tending to their flowers :)
01[10:50] {@Threei}  and sun is rarel;y a good partner for garden photography... too much contrast from undiffused light
01[10:58] {@Threei}  closed on a trail
[10:59] {RonS} hot going cold
01[11:00] {@Threei}  I don't know about this one Ron...
01[11:09] {@Threei}  watching IWM for pullback entry
01[11:10] {@Threei}  no pullback
01[11:17] {@Threei} Long Setup:  TZA  .30 break
01[11:17] {@Threei}  If holds  .25 
[11:18] {dino} going up imo
01[11:18] {@Threei}  yup
[11:19] {nemo} pivots between market hour and after hour data very different  spy and iwm just getting to extended hours pivots now
[11:19] {nemo} difference is with spy
01[11:30] {@Threei} Long Setup:  TZA  .25 break
01[11:30] {@Threei}  If holds  .20 
01[11:39] {@Threei}  meh
01[11:43] {@Threei}  rinse?
[11:50] {thomcbell} wow aal
[11:54] {dino} tbell, ty aal took .30 out of it
01[11:55] {@Threei}  it scary to mention something in dino's presence... he will find the way to profit from it
[11:56] {dino} just trying to do my job
[11:57] {thomcbell} bananas
01[11:57] {@Threei}  let's see how you profit from THAT!
01[11:58] {@Threei}  AAL Exec: Q2 RASM forecasted +4-6%; op profit +10-12% - conf call comments
[11:58] {dino} hot drop
[12:00] {dino} hot sm l .91
[12:00] {dino} reden spike
[12:00] {dino} gs sale talk rden
[12:02] {dino} rden smr s .10
[12:04] {dino} rden all over- pulp
01[12:05] {@Threei}  RDEN Reportedly hires advisors to help pursue a possible sale of the company - financial press
[12:06] {dino} hot to flat
[12:07] {dino} rden adj ave s .30
[12:09] {dino} hot stop .98 +.07
01[12:13] {@Threei} Long Setup:  VXX  .25 break
01[12:13] {@Threei}  If holds  .15 
[12:14] {Les} AIG getting ready to run
01[12:15] {@Threei}  unless SPY gives up
01[12:16] {@Threei}  nice setup, bad time
[12:17] {dino} stop rden -.25
[12:18] {dino} reload rden sm s .90
[12:18] {ese} enjoyed watching the goin's on......busy days for me ...cya tomorrow
01[12:18] {@Threei}  take care ese
[12:18] {ese} cya vad
06[12:18] * Les slaps ese around a bit with a large trout
[12:19] {dino} ua spike
[12:22] {dino} ua stop to 51.39
[12:23] {dino} out ua +1.70
[12:23] {dino} calls still riding
01[12:23] {@Threei}  wtg
[12:23] {RonS} gj
[12:24] {dino} cree stop to .49
[12:26] {dino} rden bs to .01
[12:27] {dino} stopped/slipped out .11 -.21
01[12:27] {@Threei}  VXX valid
[12:34] {nemo} the indexes are likely to go up
[12:34] {dino} rden stalling, hl s .90 break trigger
01[12:35] {@Threei}  Facebook Acquires Activity-Tracking App Moves for undisclosed amount
01[12:35] {@Threei}  they didn't track us enough, you see
[12:36] {dino} ua cup forming?
01[12:42] {@Threei}  kind of... lopsided one
01[12:42] {@Threei}  not really noble china, mind you
[12:42] {dino} cree to .63
[12:42] {dino} handle messed up
01[12:46] {@Threei}  die already SPY
01[12:46] {@Threei}  we want panic
01[12:46] {@Threei}  we need panic
01[12:46] {@Threei}  we love panic
[12:47] {nemo} DAX recaptured all its losses and finished in the green
[12:47] {dino} what are yuo seeing to lead to panic? markets seem ok to me
[12:47] {_troub} .
[12:47] {dino} troub (le)
[12:47] {nemo} troub (adour)
[12:49] {dino} dadadadadadaaaaa, got hectic for a few, now dead
[12:50] {dino} question is, can ua get to flat?
[12:51] {dino} looking at s2
[12:51] {_troub} dino, nemo being new have to ask what is (ie) & (adour)?
[12:51] {dino} (LE) for trouble
[12:52] {dino} rden, wtf, drop already
[12:53] {_troub} dumb me of course, and it is trouble.
[12:53] {dptl} are you in vxx Vad?
[12:53] {dino} roflol, you'll fit in just fine
01[12:54] {@Threei}  yes
[12:54] {nemo} yeah, I was being positive and constructive, go figure
[12:54] {nemo} I guess I should pour boiling water on my hand more often
[12:55] {nemo} on second thought...
[12:56] {nemo} I wouldn't doubt UA closing the gap
[12:56] {dino} rden not cooperating, bs to .16
[12:58] {dino} giddy-up ua
[12:58] {dino} theres s2
[12:58] {nemo} having said that, this latest high in UA on decreasing momentum
[12:59] {dino} yes and no, more than the calm but less than 12:30 spike
[13:02] {dino} damn nemo, perhaps you were onto somethng there
01[13:03] {@Threei}  Reuters: France, Germany show EU support for Georgia as Ukraine crisis mounts
01[13:03] {@Threei}  this makes total sense to me
[13:03] {dino} for georgia?
01[13:03] {@Threei}  during crisis in Georgia they showed support for Ukraine
01[13:04] {@Threei}  and vica versa
01[13:04] {@Threei}  this way you always show your support for someone and never have to do anything
[13:04] {dino} lol
[13:05] {dino} obummers' whisper during re-election coming back to haunt him (we'll get rid of those missles after the election to putin)
[13:11] {dino} crr crazy
[13:16] {dino} rden stop -.26, done w/it
[13:20] {thomcbell} lvs cup and handle ish looking 
[13:20] {thomcbell} report tonight 
[13:20] {thomcbell} looks too wide 
01[13:21] {@Threei}  GOOG Google+ (social network) chief Vic Gundotra reportedly leaving the company
01[13:21] {@Threei}  because of G+ thunderous success I assume
[13:22] {cosmo} missils aren't the problem dino ... its the meteorites
[13:23] {cosmo} the astroids
01[13:23] {@Threei}  controlled from Titan?
01[13:23] {@Threei}  and loaded with cryptonite?
[13:24] {cosmo} i wasn't sure...thanks
01[13:24] {@Threei}  sure thing... I monitor those
[13:24] {dino} oh
[13:24] {cosmo} dash cam?
01[13:25] {@Threei}  with brief interruptions during remission... my doc says I can't take over galactic while in remission
[13:26] {cosmo} i c
01[13:28] {@Threei}  so, if someone's doc is not that strict, feel free to take over me for a while, so our expansion toward Alpha Centaurs never stops?
[13:29] {cosmo} sorry...my doc is very strict
[13:34] {RonS} coup overthrown
[13:35] {Phil} potential short on FB setting up?
[13:36] {dino} all dayer, out cree .63, +
[13:36] {dino} .70
[13:36] {RonS} gj
[13:36] {dino} ty
01[13:39] {@Threei}  grrr... sorry phil, missed your question
01[13:39] {@Threei}  that was a good setup
[13:39] {dptl} watching btu for long
01[13:40] {@Threei}  .75 break
[13:40] {Phil} no worries, just pleased I spotted one
01[13:40] {@Threei}  perfect spot
01[13:40] {@Threei}  inverted C&H
01[13:41] {@Threei}  VXX, you are irritating
[13:52] {dptl} watching hal fol long set up....60 break
[13:55] {dptl} or .50 short
[13:58] {Les} awesome c&h vxx 15 min chart
01[14:00] {@Threei}  which is what I tried to trade
01[14:01] {@Threei}  but yesterday's eartquake is probably still impacting whatever goes for brain in my skull
[14:05] {dino} high beta getting killed again, now, dfata, panw, dwre, etc
01[14:06] {@Threei}  this meme is getting old in a hurry, so I hope I'll show it last time... https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/t1.0-9/10256512_10152324127137808_2590800457645641951_n.jpg
[14:07] {Phil} lol
01[14:08] {@Threei}  that's Victoria for you... our city stops if we have half inch of snow on the ground :)
[14:08] {dino} directionless
[14:08] {dptl} yhoo .15 break short
[14:08] {nathan} hi gents
01[14:08] {@Threei}  hey nathan
[14:11] {dptl} in yhoo
[14:11] {dptl} stop .26
[14:15] {dino} fb hl l .15
01[14:15] {@Threei}  had alert prepared for 61 break, dino :)
01[14:15] {@Threei}  happened so fast that I didn't even bother to send it
[14:16] {dino} was watching it there too, phone rang, distracted
[14:16] {dino} good reports are getting killed
[14:27] {dptl} mu  .08 break short
[14:28] {nathan} very nice FB dino!!!
[14:29] {nathan} Vad you should include it in the manual
[14:30] {nathan} :-)
[14:31] {dino} ty
[14:37] {dptl} stoped yhoo
[14:39] {dptl} stopped mu
[14:39] {_troub} Vad, have time for a question on entry, exit?
01[14:40] {@Threei}  sure
[14:41] {_troub} thanks, to you and all.  do you usually use last price or ask and bid to enter/exit?  And use limit or stop limit to enter?
[14:42] {_troub} Mkt to exit?
01[14:42] {@Threei}  trigger in our setups is a break of a certain level,
01[14:42] {@Threei}  so when a call is "}10 break" entry signal is offer lifting to .11, and prints going off at .11
01[14:42] {@Threei}  That constitutes a break.
01[14:43] {@Threei}  Entry order is limit, a cent or two above the trigger
01[14:43] {@Threei}  so you give some room but not "get me in at any price"
[14:43] {dino} never market
[14:43] {nathan} never
01[14:44] {@Threei}  So, a call "break of .10" would result in limit order to buy at .12, submitted at the moment when offer moves to ,11 and print occures at that price.
01[14:45] {@Threei}  Such order will swipe everything there is at .11 and .12, but won't get you an uncotrollable higher price
01[14:45] {@Threei}  and will turn into a bid which might still get filled
01[14:45] {@Threei}  Exit, I prefer to lay it out in advance
01[14:46] {@Threei}  for ionstance , half sell at .20
01[14:46] {@Threei}  so if they take me out, I get ECN rebate
01[14:46] {@Threei}  which cuts down trading cost significantly
01[14:48] {@Threei}  does it answer your question?
[14:49] {_troub} yes it answers fully.  
01[14:49] {@Threei}  :)
[14:49] {_troub} appreciate it
[14:54] {Les} VXX interesting. a little late here
[14:54] {Les} if IWM let's go of this support level
01[15:01] {@Threei}  Margarita Simonyan, the chief editor of Russia Today, the Kremlin's flagship English language news organization, tweeted "Ukraine. R.I.P." early in the morning on April 24
[15:04] {dino} out fb .58, +.43
01[15:04] {@Threei}  bitter laughter:
01[15:04] {@Threei}  Ukraine gives Russia 48 hours to explain exercises
01[15:05] {@Threei}  Russia: oh, you will get your answer faster than that...
[15:08] {Les} AIG .50 short?
01[15:08] {@Threei}  if holds .55
01[15:08] {@Threei}  yeah
[15:08] {Les} maybe another leg up
[15:08] {Les} 2 way
01[15:14] {@Threei} Long Setup:  VXX  .35 break
01[15:15] {@Threei}  If holds  .25 
01[15:19] {@Threei}  ok market, where is out panic
01[15:19] {@Threei}  our
01[15:20] {@Threei}  lose that .80, SPY
01[15:20] {@Threei}  and crash
[15:20] {Les} kill em all, let Yellen sort em out
01[15:21] {@Threei}  trail to .29
01[15:23] {@Threei}  SPY, do you realize that war is breaking out overnight?
[15:25] {nathan} good night gents
[15:25] {nathan} see u tomorrow
01[15:25] {@Threei}  take care nathan
[15:25] {Les} huh? what about war?
01[15:25] {@Threei}  well, war maybe too stron word for what is about to happen
01[15:26] {@Threei}  amputation is probably better one
[15:26] {Les} russia bout to make its move?
01[15:26] {@Threei}  I believe so
01[15:26] {@Threei}  all the pieces fell in place
[15:29] {dptl} see ya tomorrow all
[15:29] {Les} bye dp
01[15:29] {@Threei}  take care dp
01[15:30] {@Threei}  gosh SPY...
01[15:30] {@Threei}  will you ever drop that .80?
01[15:30] {@Threei}  VXX is getting tired of drumming its fingers on the desk
[15:31] {Les} me too :)
01[15:31] {@Threei}  and humming "give me panic or give me death"
01[15:32] {@Threei}  1:1  
01[15:32] {@Threei}  finally
01[15:32] {@Threei}  you better watch sky over your head Les... Russian military planes violated Dutch airspace yesterday
01[15:33] {@Threei}  not too far to your neck of the woods from there
[15:33] {Les} the old bears and badgers. would like to see one
[15:33] {Les} Remember being close to airport when B-52's took off for local aussie exercise.
[15:33] {Les} my god the ground shook
[15:34] {Les} cold war relics
01[15:34] {@Threei}  yeah, those are huge beasts
[15:35] {Les} dangerous games these fools play, but love the machines those engineers created
[15:37] {Les} cutting vxx here. ty a+
01[15:38] {@Threei}  yw'
[15:40] {goinshort} took 1:1 on VXX - thanks V!
01[15:41] {@Threei}  :)
[15:42] {goinshort} cya !
[15:43] {_troub}  have to leave.  Thanks for $ and the lessons.  Looking forward to tomorrow
01[15:44] {@Threei}  take care triub, see you tomorrow
01[15:44] {@Threei}  troub
01[15:44] {@Threei}  ok VXX
01[15:44] {@Threei}  give us last spike
[15:44] {dino} cya troub
01[15:49] {@Threei}  1:2  
01[15:49] {@Threei}  finally this thing works
[15:49] {dino} gj
01[15:49] {@Threei}  ty
[15:49] {Phil} nice:)
01[15:51] {@Threei}  OK guys, closed it
01[15:51] {@Threei}  have a great evening, see ypoui tomorrow