Wednesday, April 30, 2014

Apr 30 2014

Not very active day, especially for a FOMC day - quite muted reaction on announcement. We did well however, finding a few nicely profitable trade and staying firmly in black. 1:3 on FB, good DAL trades and a few others. 


Session Time: Wed Apr 30 00:00:00 2014

[08:35] {dino} gm
[08:48] {thomcbell} gm dino
01[08:48] {@Threei}  dino, thom :)
[08:53] {dptl} good morning
01[08:53] {@Threei}  dp :)
[09:03] {Phil} good morning
01[09:03] {@Threei}  phil :)
[09:05] {Phil} found this quite amusing regarding the Ukraine situation
[09:05] {Phil} http://www.independent.co.uk/incoming/article9210040.ece/alternates/w1024/daily-cartoon-20140322.jpg
01[09:07] {@Threei}  looks about right
[09:07] {nemo} good times always slip away and _troub(le) always stays ;-)
[09:13] {RonS} howdy dudies
[09:14] {nemo} bathroom humor?
01[09:14] {@Threei}  ron :)
[09:15] {Alexs} gm
01[09:15] {@Threei}  alex :)
[09:23] {_troub} good morning all
[09:24] {ese} morning
01[09:24] {@Threei}  troub, ese :)
[09:24] {ese} maybe i get a chance to make a trade today......wow wouldn't that be nice
[09:24] {ese} no looming business that I can see
[09:25] {RonS} in canada isn't it looning business?
01[09:26] {@Threei}  lol
[09:28] {ese} indeed it is ron indeed it is
01[09:32] {@Threei} Long Setup:  TZA  .80 break
01[09:32] {@Threei}  If holds  .70 
01[09:35] {@Threei}  1:1  
[09:35] {ese} nice one vad
01[09:36] {@Threei}  moderately nice for now... want one more leg to qualify it as fully nice
[09:36] {dptl} out .90 ty
01[09:36] {@Threei}  yw
01[09:36] {@Threei}  nah, just a scalp
01[09:39] {@Threei} Long Setup:  EBAY  .10 break hl
01[09:41] {@Threei}  1:1  
01[09:41] {@Threei}  nervous trade
01[09:42] {@Threei}  1:2  
[09:42] {nemo} yeah, spread variable
01[09:42] {@Threei}  that's why hl
01[09:42] {@Threei}  1:3  
01[09:42] {@Threei}  out
[09:42] {nemo} numbers in 2
01[09:43] {@Threei}  so, out just in time
[09:43] {Phil} nice trade, thanks
01[09:43] {@Threei}  thanks, forgot about those
01[09:43] {@Threei}  will sit out numbers
01[09:43] {@Threei}  yw phil
01[09:44] {@Threei}  (US) Preview: Apr Chicago Purchasing Manager expected at 09:45 ET (13:45 GMT)- Consensus expectations: 57.0e v 55.9 prior (**Note: March reading was lowest since Sept 2013)
01[09:44] {@Threei}  *(US) APR CHICAGO PURCHASING MANAGER: 63.0 V 57.0E
[09:46] {dino} trla hl l .89
01[09:46] {@Threei}  interstingly. WMT more and more trades opposite to SPY
01[09:48] {@Threei} Long Setup:  DAL  .10 break hl
01[09:48] {@Threei}  If holds  37 
[09:50] {nemo} that was difficult
01[09:51] {@Threei}  stop to .04
01[09:51] {@Threei}  not liking this SPY sharp drop
[09:51] {nemo} frickin' fed day
01[09:52] {@Threei}  out
[09:52] {dptl} out dal
01[09:52] {@Threei}  2 cents from 1:1
[09:54] {dino} cnqr smr l .69
01[09:55] {@Threei} Short Setup: WMT  .70 break
01[09:56] {@Threei}  If holds  .75 
[09:57] {dino} out trla .19, +.30
01[09:59] {@Threei}  nice
[10:00] {dino} out cnqr .49, +.80
01[10:01] {@Threei}  almost triple as nice
[10:01] {dino} ty and ty
01[10:01] {@Threei}  couldn't you get .90 to save me typing this "almost"
01[10:01] {@Threei}  ?
[10:01] {dino} could've but sell was in and i was to slow on the change
01[10:02] {@Threei}  how unthoughtful of you...
01[10:02] {@Threei}  wow DAL
01[10:02] {@Threei}  there was no short setup that I could see... too bad
[10:05] {nemo} yhoo maybe bounce time, should be getting the Ali Baba flying carpet treatment soon
[10:06] {Les} huh?
[10:07] {dino} cnqr smr l .55
01[10:08] {@Threei}  fall, I thought?
01[10:08] {@Threei}  or I confuse something?
[10:09] {Les} thanks bunny boy
[10:09] {Les} scalped
[10:10] {dino} cnqr stop is lod
01[10:14] {@Threei}  meh
[10:15] {dino} out cnqr .05, +.50
01[10:18] {@Threei}  somg
[10:19] {thomcbell} aal 35.40 long break 
[10:20] {thomcbell} if holding 35.30
[10:21] {thomcbell} nope
[10:22] {RonS} took cnqr 74.85 ave out 79.95 +1.10  thanks dino, nice find
[10:22] {RonS} 75.95 bad typo
[10:23] {dino} cnqr .15 wall
[10:24] {dino} trig imo
[10:25] {Phil} TZA inv. C&H forming?
[10:25] {dino} giddy-up
01[10:25] {@Threei}  TZA is not shortable
01[10:25] {@Threei}  you'd have to buy TNA on that idea
[10:26] {Phil} oops
[10:26] {dptl} i was actualy short tza two days ago
01[10:26] {@Threei}  which has right chart but much more volatile
01[10:26] {@Threei}  really? something changed then
01[10:26] {@Threei}  hah, you are right
01[10:26] {@Threei}  shows available
01[10:27] {@Threei}  that's new
[10:27] {dptl} yep not intended but it filled my offer...i forgot to cancel
[10:29] {dino} cnqr stop .01 -.14
[10:31] {thomcbell} aal still watching 
[10:33] {dino} cnqr smr l .00 pulp
[10:34] {dino} out cnqr .55, +.55
[10:35] {dino} damn too soon
01[10:51] {@Threei} Long Setup:  FB  .40 break
01[10:51] {@Threei}  If holds  .30 
01[10:52] {@Threei}  1:1  
01[10:54] {@Threei}  Dark Matter Could Send Asteroids Crashing Into Earth, otentially causing mass extinctions like the cataclysm that ended the Age of Dinosaurs, Harvard Scientists Say
01[10:54] {@Threei}  finally
[10:54] {Les} count me in
[10:55] {Alexs} nice to be paid for that kind of predictions
01[10:56] {@Threei}  yes, precision is really high - such event may occur within nearest 30-40 million years they said
[11:00] {Les} why dark matter? why not just klingons or some other baddy?
01[11:01] {@Threei}  I think they started with Kryptonite... at the end decided dark matter had the best ring to it
[11:02] {dino} hmmm, 30-40 m years, what to do in the meantime.
01[11:05] {@Threei}  not a problem for our neck of the woods
01[11:05] {@Threei}  we are waiting for a big earthquake, any moment nearest 500 years
[11:07] {Alexs} how it was last time in BC Vad?
01[11:07] {@Threei}  well, I was really yong back then...
01[11:07] {@Threei}  young too
[11:07] {Alexs} lol
01[11:08] {@Threei}  January 26, 1700
01[11:11] {@Threei}  look at this precision:
01[11:12] {@Threei}  In the case of the Juan de Fuca plate, seismologists know that a large earthquake occurs roughly between 200 to 850 years apart. And by ‘big one,’ seismologists mean a magnitude-9. The last one was in 1700, which means that, statistically, B.C. could expect one.
01[11:12] {@Threei}  “We’re right in that window, where certainly we should be prepared for one of those earthquakes.”
[11:14] {dino} sm? beats?
01[11:16] {@Threei}  one thing is certain: there is a mad rush among local university folks studying earthquakes - every time their grant expires, and they need another one. All kinds of scary articles appear, reporters are invited to their labs to film them running from room to room with very very concerned look
01[11:16] {@Threei}  yes dino, yesterday after bell
[11:16] {RonS} sm was right at resistance and w/ oil sub $100 why not sell it off...
[11:16] {dino} ok, can't find much on it, just the beat
[11:19] {thomcbell} azpn trading below vwap and 43 could be a break level
[11:20] {thomcbell} all things considered however it trades pretty well
01[11:23] {@Threei} Long Setup:  FB  .15 break
01[11:23] {@Threei}  grrr
01[11:23] {@Threei}  lol
01[11:23] {@Threei}  exploded while I typed
01[11:23] {@Threei}  ok, in on pullback
01[11:24] {@Threei}  stop under .05
01[11:25] {@Threei}  to .09
01[11:26] {@Threei}  1:1  
01[11:27] {@Threei}  1:2  
01[11:30] {@Threei}  1:3  
01[11:30] {@Threei}  out
[11:30] {Phil} ty
01[11:30] {@Threei}  yw
[11:31] {_troub} thanks.   walked in door, grabbed and heading back out.
01[11:31] {@Threei}  lol
[11:31] {_troub} is that hit and run?
01[11:31] {@Threei}  drive by trading
01[11:33] {@Threei}  Prosecutor says Yanukovych cost Ukraine up to $100 billion
01[11:33] {@Threei}  hmmm... I think Obama has him beat
[11:35] {RonS} wrld of hurt
01[11:36] {@Threei}  not bad
[11:37] {Alexs} honestly I think it's a bull... about Yanukovich if he stole that amount of money Ukrain just disappeared
01[11:37] {@Threei}  sorry alex, not sure what you are saying
01[11:38] {@Threei}  try again pls :)
[11:38] {Alexs} it's more money than Ukrain had in total
01[11:38] {@Threei}  no, not really
01[11:39] {@Threei}  this is not some kind of total laying in the bank
01[11:39] {@Threei}  it's ongoing contracts - mostly gas
01[11:39] {@Threei}  supplies from Russdia to Europe via Ukraine
01[11:39] {@Threei}  schemes of making money from that were designed by Timoshenko in the beginning of 1990'
01[11:40] {@Threei}  to be exact, by people behind her
01[11:40] {@Threei}  and in insignificant variations, worked ever since
01[11:41] {@Threei}  add military supplies from several major factories, coal from Donbass
01[11:41] {@Threei}  and you have quite substantial money flow
[11:41] {Alexs} yes I understand it but to skim $100bln you need much more time than 4 years
01[11:42] {@Threei}  well, if he stole 50B and they now want to mask their own stealing under his total... :)
[11:42] {Alexs} rofl
01[11:43] {@Threei}  the thing is, Ukraine x-USSR history is not an honest ruler-thief-honest-thief
01[11:43] {@Threei}  they all were theives, no exception
01[11:43] {@Threei}  this money pump never stopped, they just fought for the spot at the spigot
01[11:44] {@Threei}  Yanukovich was somewhat different from the rest
01[11:45] {@Threei}  they all were Dnepropetrovsk mafia, he is Donetsk
[11:45] {Alexs} he knew he had a short time
01[11:45] {@Threei}  so when he came to power, aside of garden variety stealing he also started huge process of redistribution of what was already stolen
01[11:46] {@Threei}  pressing Dnepr guys out
01[11:46] {@Threei}  and transfering their businesses to his guys
01[11:46] {@Threei}  so, if they calculate their losses nowm, they might include those redistributed sums s well, lol
01[11:47] {@Threei}  kind of: we stole 50B, he stole 50B, and he took our 50B from us - total he stole is 100B
01[11:47] {@Threei}  see the logic? :)
[11:47] {Alexs} lol
01[11:48] {@Threei}  now to add irony to all that, imagine Putin coming in and saying "wtf are you all doing here stealing without me??"
01[11:48] {@Threei}  and you have what we have today
[11:49] {Alexs} ok now they have last $16 bln
01[11:49] {@Threei}  if that...
01[11:49] {@Threei}  but IMF promised more
01[11:49] {@Threei}  so it's something to look forward to steal, so they are encouraged again
[11:50] {Alexs} otherwise nobody wanted to be a president
[11:51] {cosmo} so how do the Tartars come out on this?
01[11:51] {@Threei}  tatars?
[11:52] {cosmo} small contingent
01[11:52] {@Threei}  they are f**ked
[11:52] {cosmo} Crimea
[11:52] {cosmo} oh
01[11:53] {@Threei}  they returned to Crimea over last 20 years, started rebuilding,
01[11:53] {@Threei}  opened some businesses.
01[11:54] {@Threei}  Now Russia overtook it all, making them again fringe, undesirable and owning what others want
[11:54] {cosmo} Cossacks too?
01[11:55] {@Threei}  that's too general term
[11:55] {cosmo} i c
01[11:55] {@Threei}  there are a lot of sub-divisions among Cossacks, geographic, historic and cultural
01[11:56] {@Threei}  Don, Kuban, Crimea, they are all cossacks but very different groips
01[12:07] {@Threei} Long Setup:  FB  .70 break hl
01[12:07] {@Threei}  If holds  .60 
01[12:08] {@Threei}  valid
01[12:16] {@Threei}  Invalidated  
01[12:22] {@Threei}  (US) US Treasury Dept: It is a priority to stop the reincorporation of US companies overseas for tax reasons
01[12:22] {@Threei}  yeah, shoot them all
01[12:22] {@Threei}  or, perish the thought... lower taxes?
[12:52] {thomcbell} BX 29.50 long break if holding 29.40 
[12:52] {thomcbell} time of day suspect
[12:53] {nemo} yeah, dead til Fed
[12:53] {thomcbell} will do it small
[12:57] {nemo} fb starting news conference look at it
01[13:15] {@Threei}  BX's nice, thom
[13:26] {thomcbell} pretty decent retrorockets there 
01[13:37] {@Threei}  XOM *INCREASES DIVIDEND TO $0.69 FROM $0.63
[13:38] {thomcbell} bud looks vulnerable here vad 
[13:38] {thomcbell} 106 break
01[13:39] {@Threei}  love the chart
01[13:39] {@Threei}  hate the time, nearing FOMC
[13:39] {thomcbell} dont know how much more it can do today 
[13:39] {nemo} clearinng the decks for the fed
[13:39] {thomcbell} not exactly a splk
[13:40] {thomcbell} ATR is 1.50
01[13:59] {@Threei}  *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%: REDUCES BOND PURCHASES BY ADDITIONAL $10B (FURTHER TAPER) TO $45B/MONTH (AS EXPECTED)
01[14:04] {@Threei}  quite confused reaction
01[14:06] {@Threei}  US government says it lost $11.2 billion on GM bailout.
01[14:06] {@Threei}  Taxpayers: oh thank you for saving autoindustry
01[14:09] {@Threei}  for when you have nothing to do, live feed from hummingbird nest: https://www.youtube.com/watch?v=xrM34fdmloc#t=1708581
[14:10] {nemo} wow, this is the most sedate reaction in years
01[14:10] {@Threei} Long Setup:  FB  .10 break
01[14:11] {@Threei}  If holds  59 
01[14:11] {@Threei}  Invalidated  
01[14:12] {@Threei} Short Setup: GLD  .40 break
01[14:12] {@Threei}  If holds  .50 
01[14:15] {@Threei}  1:1  
01[14:15] {@Threei}  1:2  
01[14:16] {@Threei}  FB got away... .90 was good trigger
[14:35] {dptl} dal .75 long?
01[14:37] {@Threei}  no read
[14:37] {dptl} k
01[14:41] {@Threei}  can I change answer to "decisively no?"
[14:41] {dptl} :)
01[15:07] {@Threei}  hummer feeds chicks
01[15:08] {@Threei}  right now
01[15:09] {@Threei} Short Setup: DAL  .75 break
01[15:10] {@Threei}  If holds  .85 
01[15:11] {@Threei}  theater of absurd:
01[15:11] {@Threei}  The Russian Foreign Ministry expressed concern on April 30 about "militaristic statements" from Kyiv after acting President Oleksander Turchynov said Ukraine's armed forces were on full alert in case of a Russian invasion.
01[15:11] {@Threei}  A says he is ready to fight B's invasion; B says that's a militant statement
01[15:12] {@Threei}  peaceful statement would be what, "invade at will?"
[15:15] {dptl} valid still?
01[15:15] {@Threei}  yes
01[15:16] {@Threei}  1:1  
[15:17] {dptl} out ty
01[15:18] {@Threei}  yw
01[15:21] {@Threei}  Biden says Russia can't alter Europe borders by force
01[15:21] {@Threei}  Putin: I'll take that bet
01[15:23] {@Threei}  Biden: but if you do, we will sanction 5, yes, 5 more of your people!
01[15:23] {@Threei}  Putin: oops... I better don't then...
[15:24] {Alexs} actually I don't think he has a balls to invade Ukraine
[15:24] {dino} more like putin says; "baahaahaa"
[15:25] {dino} i hope he doesn't but i think he does it
01[15:25] {@Threei}  he most likely won't have to
01[15:25] {@Threei}  these guys he sent to Ukraine to take over towns and buildings will organaize referendum
01[15:26] {@Threei}  and his folks will make sure 142% vote for separation
[15:26] {nemo} http://goo.gl/vwUhUa
01[15:27] {@Threei}  troops on the border are there for the case Ukraine finds guts to send troops in those towns and tries to get rid of separatists
01[15:27] {@Threei}  then plan B is activated and russian tropps will "protect" them
01[15:28] {@Threei}  (UR) Ukraine interim Pres Turchynov: Ukraine is "helpless" to quell pro-Russian separatist movements in the eastern part of the country - Ukraine press- Says: "The security bodies ... are unable to carry out their duties of protecting citizens. They are helpless in those matters. Moreover, some of those units are either helping or cooperating with terrorist organizations." - Security forces to focus on protecting Kharkiv and Odesa Oblasts, which are not yet under the control of pro-Russian separatists.
01[15:29] {@Threei}  see? they pretty much gave up on Donetsk and Lugansk
[15:29] {dino} be like you canadians taking over florida next winter
01[15:30] {@Threei}  well, as a rule we don't tirture and kill locals :)
[15:30] {dino} :)
01[15:31] {@Threei}  although... we are not good tippers generaslly, and that might be considered an act of war
01[15:31] {@Threei}  you guys don't act on it onl,y because you are scared that we surrender immediately
01[15:32] {@Threei}  and demand your welfare etc
[15:33] {dino} good point
[15:36] {cosmo} warfare is welfare for some
01[15:36] {@Threei}  very astute observation
[15:37] {dino} deep
[15:43] {dino} adms spike
[15:46] {dino} missed it too quick
[15:47] {dptl} see ya tomorrow all
01[15:47] {@Threei}  take care dp
01[15:48] {@Threei}  positive today?
[15:48] {dptl} yes 
01[15:48] {@Threei}  good
[15:51] {dino} gj dp
[15:51] {dptl} :)
01[15:51] {@Threei}  thank you all, have a great evening
01[15:52] {@Threei}  see you tomorrow
[15:52] {dino} out of here too, gn all