Wednesday, May 21, 2014

May 21 2014

Not really our day - scalps mixed with stops and without large trades to offset the churn. Finishing slightly negative.

Session Time: Wed May 21 00:00:00 2014
01[09:09] {@Threei}  (EU) EU Barroso: Expects Russia to respect international law
[09:13] {RonS} gm...eBay ($EBAY) Wants Users To Change Passwords Due to Cyberattack http://stks.co/c0Zzv
[09:14] {RonS} BREAKING: EBay reports cyberattack. Says financial and Paypal data not compromised.
01[09:15] {@Threei}  ron :)
[09:15] {dino} gm
01[09:16] {@Threei}  dino :)
[09:17] {troub} good morning you all
01[09:18] {@Threei}  troub :)
[09:20] {RonS} sheesh, went on ebay site which have not been in months... 1.  can't figure out how to change password 2. looks like site totally upgraded
01[09:22] {@Threei}  go to My ebay - account - personal information'
[09:24] {Alexs} gm
01[09:24] {@Threei}  alex :)
[09:25] {ese} morning
01[09:26] {@Threei}  ese :)
01[09:26] {@Threei}  Large study in England finds that smokers trying to quit were substantially more likely to succeed if they used e-cigarettes rather than nicotine patches or gum - NYT
01[09:26] {@Threei}  that's why we are trying to ban them, right?
[09:26] {ese} Have a show at the Swiftsure Yacht Race tomorrow vad......bar is open to anyone....ehhhh?
01[09:27] {@Threei}  single malt?
01[09:27] {@Threei}  flowing free and for free?
01[09:28] {@Threei}  EWBAY getting hit
[09:28] {ese} probably beer i would bet.....
01[09:28] {@Threei}  -w
01[09:28] {@Threei}  https://scontent-b-sea.xx.fbcdn.net/hphotos-frc3/t1.0-9/10377991_1509987879220969_3954429041803574056_n.jpg
[09:29] {ese} rotflol!!!!!!!!!!
[09:29] {ese} love it
01[09:31] {@Threei} Short Setup: C  .95 break
01[09:31] {@Threei}  If holds  47
01[09:34] {@Threei}  meh
[09:34] {nemo} granmama speaks today
01[09:37] {@Threei} Short Setup: DAL  .30 break
01[09:37] {@Threei}  If holds  .40
[09:38] {ese} solar companies making a bit of a move TSL JKS
01[09:45] {@Threei}  sheesh
[09:47] {_jaredt} spy holding R1
01[09:48] {@Threei}  trail to .36
01[09:50] {@Threei}  annoying
[09:53] {dino} bah hl l .92
01[09:56] {@Threei} Short Setup: JPM.45  break
01[09:56] {@Threei} Short Setup: JPM  .45 break
01[09:56] {@Threei}  If holds  .55
01[09:59] {@Threei}  *(EU) EURO ZONE MAY ADVANCE CONSUMER CONFIDENCE: -7.1 V -8.3E
01[10:00] {@Threei}  1:1
[10:02] {dptl} good morning
01[10:02] {@Threei}  dp :)
01[10:03] {@Threei}  stop to .41
01[10:07] {@Threei}  iwm
01[10:07] {@Threei} Long Setup:  IWM  110 break
01[10:07] {@Threei}  If holds  .90
01[10:10] {@Threei}  stop .94
01[10:11] {@Threei}  half out
[10:14] {thomcbell} cog looks like a 36.23 long break
[10:14] {thomcbell} i bought some
01[10:15] {@Threei}  come on already IWM
01[10:15] {@Threei}  break that wall
01[10:15] {@Threei}  COG looks nice
01[10:17] {@Threei}  stop to .99
01[10:20] {@Threei} Short Setup: CAT  102 break
01[10:20] {@Threei}  If holds  .10
[10:20] {dino} gap and sit
[10:21] {thomcbell} cog 1:1
[10:21] {nemo} GS and JPM very strong
[10:21] {dino} gj
[10:21] {dino} tza l .90
[10:23] {thomcbell} tjx 55.13 short break if holding 55.23
01[10:24] {@Threei} Long Setup:  FAZ  .10 break
01[10:24] {@Threei}  If holds  20
[10:25] {thomcbell} no go tjx
[10:27] {dino} out tza .97, +.07 dl
[10:28] {nemo} what is "dl"
[10:28] {nemo} double?
01[10:28] {@Threei}  double lot
[10:28] {dino} y
[10:28] {nemo} mpc
[10:28] {nemo} looks short
[10:28] {nemo} refiner
[10:28] {nemo} Memorial Day Weekend
[10:28] {nemo} usually the peak
[10:29] {thomcbell} cog 1:2
[10:29] {ese} no mrkt monday nemo?
[10:29] {nemo} nope
[10:30] {nemo} almost nap time minutes at 2
[10:30] {ese} then you can come up and drink at the swiftsure yacht race party here in Victoria with vad
[10:32] {nemo} Goldman is really strong today up 2%  I guess Lloyd wrote the minutes
[10:32] {ese} lol
[10:34] {ese} 21 May 07:32 [MAERSKB.DK] CFO: no clear signs of sustainable recovery in container shipping- expect overcapacity in shipping until 2017 - Source TradeTheNews.com
[10:35] {ese} accidentally walked into there office building back in 2009 when i had my high R&B band performing in Denmark
[10:35] {ese} was looking for a washroom
[10:35] {_jaredt} MPC +.20 thanks NEMO
[10:35] {ese} it's right accross the harbour from the brand new Opera house he gave the city 600 million to build
[10:37] {Alexs} WMT DKTK setup Vad?
01[10:38] {@Threei}  on short side?
[10:38] {Alexs} I meant long
01[10:38] {@Threei}  nah...
01[10:38] {@Threei}  rather looks .50 short
01[10:41] {@Threei} Short Setup: FB  .10 break
01[10:41] {@Threei}  If holds  .20
01[10:45] {@Threei}  no go
01[10:49] {@Threei}  gap'n'stall... hate it
[10:53] {dino} same
[10:54] {nemo} it's the minutes
[11:08] {RonS} phh spike
01[11:08] {@Threei}  NVS CEO: have seen unbelievable response rates with CART-19 experimental cancer treatment and hope to bring it to market within 2 years - press
[11:10] {dino} n V or n U s?
[11:10] {nemo} probably Novartis, NUS is newskin
01[11:10] {@Threei}  V
01[11:10] {@Threei}  Novartis
[11:10] {RonS} nus doesn't deal w/ cancer except maybe give it...
01[11:11] {@Threei}  lol
[11:11] {RonS} phh staying up...find no news
[11:13] {RonS} PHH in talks to sell a portion of business for 1.3B. Their market cap is 1.3
01[11:16] {@Threei}  joke of the day
01[11:16] {@Threei}  Swedish foreign minister concerned over displaced people in Ukraine
01[11:17] {@Threei}  the joke is, it's a real headline
[11:17] {dino} phh l .72
01[11:17] {@Threei}  Swedish Foreign Minister Carl Bildt has said he is worried about the rising numbers of refugees moving from Crimea and eastern regions to other parts of Ukraine because of the crisis in the country.
01[11:18] {@Threei}  I am trying hard to envision Swedish officials being very concerned over that...
[11:19] {thomcbell} thanks for the phh headline guys
[11:19] {dino} out phh .32, +.60 ty ron
01[11:19] {@Threei}  wtg
[11:22] {RonS} he's worried about "if you bildt it, they will come"...
01[11:22] {@Threei}  lol
[11:22] {RonS} line from baseball movie fwiw
[11:26] {thomcbell} field of dreams
01[11:28] {@Threei}  half out FAZ
01[11:28] {@Threei}  almost forgot I had it, lol
[11:32] {dino} phh hl s .50
01[11:45] {@Threei}  1/4 more out FAZ
[11:49] {thomcbell} now cog looks vulnerable on downside
[11:50] {dino} phh stop/cov .75
[11:50] {dino} -.25
[11:52] {dino} phh hl l .75 break
[11:58] {dino} stop to .40
[11:58] {RonS} phh deal confirmed
[11:58] {dino} to .50
[11:59] {dino} target?
[11:59] {RonS} at least talks...leasing unit for $1.35b
[11:59] {thomcbell} where did u see that ron
01[11:59] {@Threei}  FB Hearing strength attributed to comment by editor of 9to5 Mac blog regarding a possible announcement by the company later today
[11:59] {RonS} reuters ...dj
[12:00] {RonS} news on my platform
01[12:00] {@Threei}  - Follow up: Facebook to reportedly launch TV Show and Music ID apps (a la Shazam) for iOS and Android today
[12:00] {dino} to .60
[12:00] {dino} yahoo too
[12:00] {dino} flyon wall
[12:01] {dino} to .70
01[12:01] {@Threei}  FAZ stop .14
[12:01] {dino} to .80
[12:04] {dino} out phh .84, +1.08
[12:04] {RonS} gj
[12:05] {dino} thx again for alert on it
[12:05] {troub} excellent dino
[12:05] {dino} ty
01[12:08] {@Threei} Long Setup:  TZA  .40 break
01[12:08] {@Threei}  If holds  .35
01[12:15] {@Threei}  FAZ stop to .18
[12:21] {dino} wwe l .76
[12:35] {troub} dino, how long can this dance continue?
[12:38] {dino} ?
[12:39] {dino} wwe you mean?...longer that most can stay solvent, my guess
[12:50] {RonS} door slammed
01[12:51] {@Threei}  lol
[12:55] {_jaredt} i see what you did there...
01[12:55] {@Threei}  Ron's specialty
[12:55] {nemo} now it should be float up into fed minutes
[13:12] {RonS} phh hit
01[13:13] {@Threei}  FSLR To Deliver Diesel-PV Hybrid Solution to Rio Tinto in Australia
[13:17] {thomcbell}     PHH  -- Negative  --- KBW saying that the Reuters article on PHH is incorrect.  the $1.35 billion appears to be incorrect since the article says 1.6x bv  which would be closer to 650 mil
[13:20] {dino} trox spike
01[13:21] {@Threei} Long Setup:  TZA  .05 break
01[13:21] {@Threei}  If holds  .95
01[13:21] {@Threei}  (US) Fed's Kocherlakota (dove, FOMC voter): May take to 2018 to achieve the 2% inflation target
01[13:22] {@Threei}  want a clear mark of idiocy in the Fed? here it is:
01[13:22] {@Threei}  would let inflation overshoot to make up for years of undershooting.
01[13:22] {@Threei}  god, what an imbecile
01[13:23] {@Threei}  who built their ivory towers
[13:32] {RonS} no news on this trox move
01[13:34] {@Threei}  nor here
01[13:40] {@Threei}  stop .99
[13:44] {_jaredt} got disconnected.. did stop change TZA?
01[13:44] {@Threei}  .99
[13:44] {_jaredt} ty
01[13:46] {@Threei}  as it moves above .10, let's sell half, we are nearing time of FOMC minutes release
01[13:47] {@Threei}  until it hits 1:1 keep the stop at .99
01[13:47] {@Threei}  worst case scenario it's a washout
[13:50] {RonS} damn was tracking ezpw...got away
01[13:59] {@Threei}  SOME PARTICIPANTS SAID TOO EARLY TO CONFIRM ECONOMY MOVING TO SUSTAINED ABOVE-TREND GROWTH
01[14:00] {@Threei}  doh
01[14:00] {@Threei}  let's go TZA
01[14:03] {@Threei}  sigh
[14:03] {thomcbell} tlt weak after minutes
[14:09] {thomcbell} looks like kabuki dance will continue
[14:09] {thomcbell} each day a new day
01[14:09] {@Threei}  sheesh
01[14:09] {@Threei}  gimmie back my TZA
[14:10] {thomcbell} watching splk for a short entry
01[14:12] {@Threei}  any excuse is good for a nice meal:
01[14:12] {@Threei}  Rompuy invites EU heads of state to informal dinner over elections in Ukraine and EU
[14:13] {Alexs} who is Rompuy?
01[14:13] {@Threei}  European Council President
01[14:13] {@Threei} Long Setup:  JPM  .20 break
01[14:13] {@Threei}  If holds  .10
[14:16] {Alexs} who pays for the dinner?
01[14:16] {@Threei}  EU taxpayer, duh
[14:16] {Alexs} lol
[14:16] {RonS} the peasants of course...old european tradition
01[14:16] {@Threei}  come on alex... you know better :)
01[14:23] {@Threei}  stop to .14
[14:24] {thomcbell} vlo vs tso which is right?
[14:25] {thomcbell} think its vlo 53.93 long break if holding 53.81
01[14:27] {@Threei}  ok JPM... it's time
01[14:27] {@Threei}  take .30 and iksplode
01[14:27] {@Threei}  (yes, that's how you spell it)
[14:32] {dino} bap spike
[14:35] {thomcbell} aig 53.48 long break if holding 53.40
[14:36] {thomcbell} tlt fizzling this rally
[14:37] {thomcbell} vlo 1:1
01[14:37] {@Threei}  nice
01[14:39] {@Threei}  half out
01[14:39] {@Threei}  .27
01[14:39] {@Threei}  stop to .19
[14:44] {thomcbell} made another dale vlo at 54.10
[14:46] {thomcbell} out vlo
[14:51] {thomcbell} i trimmed aig -
[14:51] {thomcbell} still have a half position
[14:51] {thomcbell} its not cooperating
[14:51] {thomcbell} touched 1:1 but no enthusiasm
[14:54] {thomcbell} POST is one to watch tomorrow - trades great into a secondary
[14:55] {thomcbell} thing has gotten blasted
[15:08] {thomcbell} out aig
[15:09] {thomcbell} waste of time
01[15:11] {@Threei} Long Setup:  IWM  .80 reak
01[15:12] {@Threei}  If holds  .70
01[15:16] {@Threei}  1:1
01[15:24] {@Threei} Long Setup:  IWM  .92 break
[15:24] {dino} wwe has me in sleeper hold, slow mover, stop to .83
01[15:24] {@Threei}  If holds  .82
[15:26] {dptl} see ya tomorrow all
01[15:26] {@Threei}  you too dp
01[15:26] {@Threei}  Invalidated
[15:27] {nemo} funny...see dino's line above yours says "83" then I see your "holds .82"  and I'm thinking, that's a pretty tight stop...duh
01[15:31] {@Threei} Long Setup:  DAL  .31 break
01[15:31] {@Threei}  If holds  .25
01[15:39] {@Threei}  highly annoying day
[15:39] {RonS} i blame Les
01[15:40] {@Threei}  and why not
[15:42] {dptl} lol
[15:42] {dptl} http://www.youtube.com/watch?v=oXQkMGffOBo
[15:43] {nemo} http://goo.gl/K7EC
[15:43] {dptl} lol
[15:45] {dptl} ok going now...till tomorrow all :)
01[15:45] {@Threei}  :)
[15:46] {dino} lo spike
01[15:46] {@Threei}  Chicago Mercantile Exchange Holdings Inc Fox Business's Gasparino: CME met with bankers this week, looking to do a deal with "all the cash on its books"
[15:46] {dino} rai too
[15:46] {dino} bti too
[15:46] {dino} takeover talks
01[15:46] {@Threei}  LO Reynolds said to be in advanced talks to buy Lorillard
01[15:51] {@Threei}  DAL... gives us more than 2 cents to ginish the day, will ya?
[15:51] {nemo} can't wait until August
01[15:51] {@Threei}  if not for any other reason, to give us something to tease dp tomorrow with... "had you not left that early..."
[15:52] {_jaredt} whats in August?
01[15:52] {@Threei}  hey... 4 cents
01[15:53] {@Threei}  nemo firmly believes any august is untradable, jared
[15:53] {_jaredt} ah
01[15:53] {@Threei}  we prove him wrong every august... but he still hopes
01[15:54] {@Threei}  he is glutton for punishment
[15:54] {_jaredt} lol
01[15:55] {@Threei}  ok DAL... 3 min
01[15:55] {@Threei}  tick tock
[15:56] {dino} out wwe .85, +.10
[15:57] {RonS} wtg
[15:57] {dino} ty and gn
01[15:58] {@Threei}  you too dino
01[15:58] {@Threei}  ok... out DAL wiht mind-boggling 3 cents
01[15:58] {@Threei}  thank you all, have a good evening
01[15:58] {@Threei}  see you tomorrow
[15:59] {troub} gn you all
[15:59] {_jaredt} ty