Tuesday, May 6, 2014

May 06 2014

Nice day with good morning, questionable early afternoon and a few strong trades in late afternoon making it positive again. Shorting P was especially nice, with two juicy trades.

There won't be a log tomorrow as room flies pilot-less.

Session Time: Tue May 06 00:00:00 2014
[09:01] {Phil} morning all
01[09:01] {@Threei}  morning phil
[09:03] {dino} gm
01[09:04] {@Threei}  dino :)
[09:06] {troub} good morning all
01[09:06] {@Threei}  troub :)
[09:10] {dino} yy odd
[09:12] {Alexs} gm
01[09:13] {@Threei}  alex :)
[09:20] {dptl} good morning
01[09:22] {@Threei}  sp :)
01[09:22] {@Threei}  s=d
[09:25] {RonS} gm
01[09:25] {@Threei}  ron :)
01[09:27] {@Threei}  watching AIG for pullback entry
01[09:31] {@Threei} Long Setup:  AIG  .60 break
01[09:31] {@Threei}  ummhhh
01[09:32] {@Threei}  a little bit beyond human capabilities
01[09:32] {@Threei}  grrr... 1:3
01[09:32] {@Threei}  I mean 1:5
01[09:34] {@Threei} Long Setup:  TZA  .50 break
01[09:34] {@Threei}  If holds  .40
01[09:36] {@Threei}  1:1
[09:39] {dino} yy smr l .42 pulp
[09:39] {dino} emes spike
[09:40] {dino} stop yy -.30
01[09:41] {@Threei}  1:2  TZA  close enough
01[09:41] {@Threei}  1/4 more out
[09:42] {dino} crzo spike
01[09:42] {@Threei} Long Setup:  AIG  .40 break hl
01[09:42] {@Threei}  If holds  .30
01[09:43] {@Threei}  1:1
01[09:44] {@Threei}  desicion to exit TZA was timely, would hate to let it slip it away after touching 1 cent shy of 1:2
01[09:47] {@Threei}  1:2
01[09:48] {@Threei}  1"4
01[09:48] {@Threei}  out
01[09:48] {@Threei} Long Setup:  TZA  .45 break
01[09:49] {@Threei}  If holds  .40
[09:49] {dino} yy gap fill
[09:50] {dino} smr l .60, pulp
01[09:53] {@Threei}  1:1
[09:56] {thomcbell} looking for long setup on arrs
01[09:56] {@Threei}  Kyiv cancels May 9 parade, demonstration to avoid provocations
[09:57] {Alexs} may be they don't consider that as a holiday any more?
01[09:57] {@Threei}  they do
01[09:58] {@Threei}  there are a lot of indications that it's going to turn into another bloodbath
01[09:59] {@Threei}  *(US) MAY IBD/TIPP ECONOMIC OPTIMISM: 45.8 V 47.9E
[10:00] {dino} db hl l .60
[10:00] {thomcbell} twtr oh how they can fall
[10:01] {thomcbell} but 35.01 long break if holding 34.90
01[10:01] {@Threei}  just started watching it too :)
[10:04] {thomcbell} 1:1
[10:04] {thomcbell} thing is wildly volatile
[10:04] {thomcbell} hit 1:2
[10:04] {thomcbell} for a nano
01[10:06] {@Threei} Long Setup:  IWM  .10 break
[10:06] {Alexs} nice call tbell
[10:06] {dino} gj
01[10:06] {@Threei}  If holds  111
[10:06] {dino} yy trouble taking 58.90
[10:07] {thomcbell} thats all twtr had
01[10:08] {@Threei}  no go
01[10:10] {@Threei}  rinse
01[10:11] {@Threei}  grrr
[10:14] {dino} giddy-up yy
[10:17] {RonS} nus hung
[10:19] {Phil} petm could be bottoming into daily support
01[10:20] {@Threei} Long Setup:  FB  .70 break
01[10:20] {@Threei}  If holds  .60
[10:21] {dino} trex
01[10:21] {@Threei}  Yahoo! Inc Sources say Yahoo likely to sell 208M shares of Alibaba in the IPO offering - CNBC- Reminder: Yahoo holds a 24% equity interest while Softbank holds roughly 35%.
01[10:22] {@Threei}  let's tighten FB to .64
01[10:22] {@Threei}  a bit too heavy for my taste
01[10:22] {@Threei}  half out
01[10:22] {@Threei}  stop .69
[10:23] {dino} trex smr l .01
01[10:23] {@Threei}  closed
[10:26] {dino} yy 60 wall
[10:27] {dino} "tear down that wall"
01[10:33] {@Threei} Long Setup:  FB  .80 break
01[10:33] {@Threei}  If holds  .70
[10:34] {RonS} took db 42.50 out 42.75 +.25 thanks dino
01[10:34] {@Threei}  gj
01[10:34] {@Threei}  Invalidated
01[10:45] {@Threei} Short Setup: FB  .35 break
01[10:45] {@Threei}  If holds  .45
[10:46] {RonS} wow twtr -10%
01[10:46] {@Threei}  yeah
01[10:46] {@Threei}  1:1
[10:46] {RonS} lockup expired...
[10:47] {RonS} i think it was 400 million shares...lol
01[10:48] {@Threei}  then they have ways to go still, lol
01[11:04] {@Threei}  watching TZA for pullback entry
01[11:13] {@Threei}  ideally from under .50
[11:15] {_rcford} How does this work
[11:15] {_rcford} anyone else around calling plays
01[11:15] {@Threei}  else?
01[11:16] {@Threei}  please read a gtrading log for a day to see how it works. Yeasterday:
01[11:16] {@Threei}  http://tradinglog.realitytrader.com/2014/05/may-05-2014.html
01[11:17] {@Threei}  and http://www.realitytrader.com/tradingroom/#instructions
[11:18] {_rcford} awesome
[11:18] {dino} welcome rcf
01[11:19] {@Threei} Long Setup:  TWTR  .30 break hl
01[11:19] {@Threei}  If holds  .15
[11:20] {_rcford} Thanks dinp
[11:20] {_rcford} dino
01[11:22] {@Threei}  stop to .19
[11:22] {dino} trex to .15
[11:23] {dino} out trex .16, +1.15
01[11:23] {@Threei}  wtg
[11:23] {dino} ty
01[11:25] {@Threei}  meh
[11:26] {thomcbell} twtr horrendous action
01[11:28] {@Threei}  missed .50 TZA
[11:33] {dino} yy smr l .64
01[11:33] {@Threei}  AIG, watching for bounce
[11:35] {dino} aig gap show 48.61 area
[11:35] {thomcbell} 50.45 is 50sma
01[11:37] {@Threei} Long Setup:  AIG  .65 break
01[11:37] {@Threei}  If holds  .55
01[11:41] {@Threei}  double bottom in the making
[11:41] {thomcbell} are u in Vad?
01[11:41] {@Threei}  not yet
[11:41] {thomcbell} or hasnt triggerd yet ?
01[11:42] {@Threei}  hasn't triggered
[11:42] {thomcbell} feels like one more flush
01[11:42] {@Threei}  Invalidated
01[11:42] {@Threei}  waiting for another setup
01[11:43] {@Threei}  valid again
01[11:44] {@Threei}  stop .54
01[11:44] {@Threei}  target 1:2
[11:45] {thomcbell} feye earnings after the bell looking for a long setup here
[11:45] {thomcbell} getting tattoed right now
[11:47] {thomcbell} bought small feye
01[11:47] {@Threei}  things slowed to a crawl
01[11:48] {@Threei}  watch morning profits guys, don't let them evaporate
01[11:49] {@Threei}  no go
01[11:51] {@Threei}  Russian Foreign Minister Sergei Lavrov said on Tuesday it would be "unusual" to hold a presidential election in Ukraine while the army was being deployed
01[11:52] {@Threei}  but Crimea referendum was OK
01[11:52] {@Threei}  lol
[11:54] {Alexs} he never admited that russian troops were deployed in Crimea
01[11:54] {@Threei}  Putin did afterwards
01[11:54] {@Threei}  in TV marathon
[11:55] {Alexs} oh yeah? missed it
01[11:55] {@Threei}  yeah... "we had to make sure voters felt safe"
[11:56] {Alexs} but actually there wasn't bloodshed in Crimea
01[11:57] {@Threei}  not much anyway
[11:58] {troub} AIG again?
01[11:58] {@Threei}  can't tell... jellyfish action
01[11:58] {@Threei}  no drive
01[12:07] {@Threei} Short Setup: AIG  .50 break
01[12:07] {@Threei}  If holds  .60
01[12:08] {@Threei}  1:1
[12:13] {dino} gj and lol on "jellyfish action"
01[12:14] {@Threei}  :)
[12:16] {thomcbell} now im getting interested in aig
[12:16] {thomcbell} 50.44 break
[12:16] {thomcbell} if holding 50.35
01[12:18] {@Threei} Long Setup:  TZA  .55 break
01[12:18] {@Threei}  If holds  .45
[12:18] {thomcbell} invalid aig
[12:18] {thomcbell} still watching
01[12:18] {@Threei}  1:2  AIG  close enough
01[12:18] {@Threei}  1/4 more out
01[12:21] {@Threei}  Ukraine football matches relocated after Odessa violence
01[12:21] {@Threei}  to where, moon?
01[12:22] {@Threei}  UK foreign secretary to visit Kyiv on May 6-7
01[12:23] {@Threei}  right, gotta see it before bombs start falling
01[12:25] {@Threei}  stop to .49
01[12:25] {@Threei}  TZA I mean
01[12:25] {@Threei}  AIG is of course at .41
01[12:26] {@Threei}  1:3  AIG
01[12:26] {@Threei}  my a$$ is out
[12:26] {Phil} nice trade thanks
01[12:26] {@Threei}  :)
[12:27] {dino} gj
01[12:27] {@Threei}  good to be direction-agnostic
01[12:27] {@Threei}  looked long until it started looking short
01[12:37] {@Threei}  meh TZA
[12:40] {thomcbell} out feye
[12:40] {thomcbell} made a bit
01[12:41] {@Threei} Short Setup: P  .20 break
01[12:41] {@Threei}  If holds  .30
01[12:47] {@Threei}  annoying aftrenoon
[12:48] {Phil} qtww potentially interesting, but volatile
06[12:55] * @Threei hits P over the head with 2x4
01[12:56] {@Threei}  QTWW Weakness being attributed to competition concerns on new JV between Hexagon and Agility Fuel Systems
01[12:57] {@Threei}  stop to .26
01[12:58] {@Threei}  Pandora Albert Fried reiterates Underweight rating, price target cut to $20 from $23- Firm continues to believe Pandora faces a significant growth rate decline and they think investors need to depart the bus and seek alternate modes of transportation.
01[12:58] {@Threei}  hmmm... 20 today would be nice
01[12:59] {@Threei}  but the guy with last name Fried doesn;t inspire me as far as his market calls go
[12:59] {goinshort} LOL
[13:00] {RonS} hilarious...do hope you know it's pronounced freed...
[13:00] {Phil} lol
01[13:01] {@Threei}  anyone but him pronounces it that way?
[13:02] {RonS} anyone who has been around jews named Fried...one was a frat brother of mine...
[13:02] {Phil} knew a guy whos surname was slaughter, said is was like laughter with an s lol
[13:02] {RonS} rotflol
01[13:02] {@Threei}  hehe
01[13:02] {@Threei}  1:1
01[13:04] {@Threei}  what can I say... there are some pronouncing putin as hitler... so I guess anything is a fair game
01[13:06] {@Threei}  I also know a guy right in this room who pronounces bread as beer
01[13:06] {@Threei}  guess his name
01[13:07] {@Threei}  hint:
01[13:07] {@Threei}  this is how his walk in the woods looks
01[13:07] {@Threei}  https://scontent-a-sea.xx.fbcdn.net/hphotos-frc3/t1.0-9/10297708_246849948834045_805647140746268106_n.jpg
[13:07] {goinshort} lol
[13:08] {dino} qtww hl l .25
01[13:12] {@Threei}  1:2
01[13:12] {@Threei}  hmmm... who knows... maybe Fried is right
[13:12] {RonS} wish nemo was here...he would remeber a guy named Fried who brought the word payola to the US...
06[13:13] * @Threei slaps nemo around a bit with a large trout
[13:13] {nemo} vaguely remember but I forgot the story
[13:13] {nemo} sorry guys preoccupied here
[13:13] {RonS} guy was the no 1 dj at the top radio station in nyc...took pay for play bribes from the record companies and got busted for it
[13:14] {dino} you mean playola
[13:14] {RonS} defer to nemo still think it was payola or payolla...
[13:14] {dino} these afternoons are slow, going to be a long summer
[13:15] {dino} bustin' ya ron, $ for play
[13:15] {nemo} Fed outlawed volatility
[13:15] {RonS} but just think of all the cultural education we can get into  :)
[13:17] {RonS} how about this?  how did "ola" come into use?
[13:17] {dino} aztec term meaning cola
[13:17] {RonS} he don't know shit from "Shinola"
[13:18] {RonS} ...the boot blacks in nyc started mixing horse crap with a shoe polish mane Shinola...in order to stretch it...
[13:18] {RonS} named
[13:22] {_rcford} jjlk
[13:23] {dino} qtww to b/e
[13:29] {dino} qtww hl l .10
01[13:30] {@Threei}  covered P in full
01[13:31] {@Threei}  Fried's right
01[13:31] {@Threei}  frikin TZA rinsed us
01[13:33] {@Threei}  Two years after his election as French president, Fran├žois Hollande's popularity is at record lows with 20% approval rate.
01[13:43] {@Threei}  nice day but TZA that got away irritates
01[13:48] {@Threei}  rcford... any questions after reading help materials and observing some (admittedly slow) action?
[13:50] {_rcford} Not at this time just gonna study tonight and hopefully understand the .55 if it holds .40 etc
01[13:50] {@Threei}  oh, that's easy
[13:50] {_rcford} didn't understand that part but otherwise I think I will catch on
01[13:50] {@Threei}  enter on .55 break, place stop under .40
[13:51] {_rcford} Oh ok awesom
01[13:51] {@Threei}  this part is explained in details at http://www.realitytrader.com/tradingroom/#instructions
[13:51] {_rcford} opened it and will study it
[13:52] {_rcford} Thanks
01[13:52] {@Threei}  btw guys, reminder, I am not here tomorrow
01[13:52] {@Threei}  you are on your own, don't lose money, don't beat up on new guys and don't kill nemo
[13:52] {dino} half vday for me tomorrow, tee time at noon
01[13:53] {@Threei}  other than that, anything goes
[13:53] {RonS} Les running the room?
[13:53] {Phil} lets have a party
06[13:53] * nemo racks the slide
01[13:53] {@Threei}  whoever want kickin privileges, I can pass them on for the day (except nemo)'
01[13:54] {@Threei}  I have a rare meeting with art this evening, unique event... and it's in Vancouver, won't be able to return before tomorrow
[13:55] {RonS} must be a nice guy...
01[13:55] {@Threei}  who?
[13:55] {dptl} where?
[13:55] {RonS} art
01[13:55] {@Threei}  lol
01[13:56] {@Threei}  my first version of the phrase was: meeting with beautiful
01[13:56] {@Threei}  then I realized what gates this opens
01[13:57] {@Threei}  dp, http://www.chancentre.com/whats-on/moscow-virtuosi-vladimir-spivakov-35th-anniversary-tour
01[13:58] {@Threei}  (I assume this is what you meant when asked "where" instead of {RonS} must be a nice guy...)
01[13:58] {@Threei}  (not that there is anything wrong with that)
01[13:59] {@Threei}  someone make me shut up...
[13:59] {dptl} oh i see..i didt know he is here...thats in ubc
01[13:59] {@Threei}  yes
06[13:59] * dino slaps Threei around a bit with a large trout
01[13:59] {@Threei}  thank you dino
[13:59] {dino} anytime
[13:59] {dptl} where are you staying ?
01[14:00] {@Threei}  friends near ferry terminal
01[14:01] {@Threei}  thought of visiting you but it will be really late when concert is over, and back on early morning ferry... would be just disturbing your plans without chance to catch up
01[14:01] {@Threei} Short Setup: P  .90 break
[14:01] {dptl} i see..:)...next time then
01[14:02] {@Threei}  If holds  23
01[14:02] {@Threei}  yeah, shishkebab time is around the corner
01[14:02] {@Threei}  let's see if this well is exhausted
[14:06] {dino} qtww stop .98 -.12
01[14:07] {@Threei}  hal out
01[14:07] {@Threei}  stop .91
[14:09] {dino} data sm l .88
01[14:09] {@Threei}  1:1
01[14:09] {@Threei}  power of a trend...
01[14:10] {@Threei}  down 8%, and there is still potential for more shorting
[14:11] {_rcford} WOW nice
[14:11] {_rcford} on P
01[14:11] {@Threei}  1:2
[14:12] {goinshort} thanks V!  took the 1:2
01[14:12] {@Threei}  yw
01[14:17] {@Threei}  Self-proclaimed governor of Luhansk region preparing for referendum on self-determination on May 11
[14:24] {dino} out data .68, +.80
01[14:27] {@Threei}  wtg
[14:29] {dino} ty
01[14:30] {@Threei} Long Setup:  TZA  .05 break
01[14:30] {@Threei}  If holds  .95
01[14:35] {@Threei}  Invalidated
[14:36] {RonS} wow 40% qtww outstanding has traded
[14:36] {RonS} or maybe 4% 10 times...
[14:37] {dino} more like the 4%x10
[14:40] {dino} qtww l .50 break
01[14:58] {@Threei} Long Setup:  TZA  18 break
01[14:58] {@Threei}  If holds  .90
[15:05] {dino} qtww to .63
[15:05] {dino} out, +.13
01[15:17] {@Threei}  no go
[15:21] {dino} 07 green
[15:29] {RonS} dino to kids:  look at qtww chart...your dad made money long...now you know that its good being a leprechan  :)
01[15:30] {@Threei}  lol
[15:30] {dptl} see ya tomorrow all
01[15:30] {@Threei}  take care dp
[15:30] {dino} lol ron
[15:31] {dino} about even on it for the day, one stop flat, one stop -.12, and one gain +.13
[15:33] {dino} news says that its biggest custonmer (45% of business last year), just partnered w/competitor.
[15:34] {dino} taking some yy overnight
01[15:34] {@Threei}  QTWW Weakness being attributed to competition concerns on new JV between Hexagon and Agility Fuel Systems
[15:46] {Phil} thanks Vad, have a good trip. Bye all
01[15:47] {@Threei}  thank you all
01[15:47] {@Threei}  have a great evening, see you Thu
[15:47] {dino} have fun vad
01[15:47] {@Threei}  ty
[15:53] {dino} calling it a day, gn