Tuesday, May 27, 2014

May 27 2014

Calm and profitable day, with somewhat shaky back-and-forth start followed by steady stream of winning trades ranging from scalps to 1:3ers.

Session Time: Tue May 27 00:00:00 2014
[08:57] {dptl} good morning
01[08:57] {@Threei}  dp :)
01[08:59] {@Threei}  have you ever been to Donetsk?
[08:59] {dptl} no
01[09:00] {@Threei}  it's so weird to see this huge firefight in and around train station
01[09:02] {@Threei}  when it's places you know, it's especially surreal
[09:03] {dptl} yeah...
[09:06] {Alexs} good morning
01[09:07] {@Threei}  alex :)
[09:08] {dino} gm
01[09:08] {@Threei}  dino :)
01[09:09] {@Threei}  Reports suggest Ukraine looking to establish joint military unit with Poland and Lithuania
01[09:09] {@Threei}  sneaking into NATO via backdoor
[09:11] {RonS} howdy todos gente
01[09:11] {@Threei}  Ron :)
[09:15] {troub} good morning you all
01[09:15] {@Threei}  troub :)
01[09:16] {@Threei}  FB... .70 - .65 zone break short idea
[09:21] {RonS} anyone remember the Canadian company that will build the Keystone Pipeline?
01[09:21] {@Threei}  TXR?
01[09:22] {@Threei}  no
[09:22] {RonS} don't think so...
01[09:22] {@Threei}  something similar
01[09:23] {@Threei}  TRP
01[09:24] {@Threei}  TransCanada
[09:24] {RonS} yes, thanks
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:24] {ese} everyone have a good long weekend i trust
[09:24] {ese} vad
[09:25] {ese} Ron
[09:25] {RonS} PF going to have pressure
01[09:26] {@Threei}  ese, have you seen Bobby McFerrin will be at jazz fest?
[09:27] {ese} yes......am going to that concert
01[09:27] {@Threei}  :)
01[09:27] {@Threei}  got coupla more tickets?
[09:27] {ese} I get in for free because my band is playing at Jazz fest
[09:28] {ese} the Vic High band that is
01[09:28] {@Threei}  that's why I ask :)
[09:28] {Alexs} lol
[09:28] {ese} I can certainly try
01[09:28] {@Threei}  FB looks right...
01[09:28] {@Threei}  ugh
01[09:28] {@Threei}  got away
01[09:29] {@Threei}  let's see if repeats after open
01[09:30] {@Threei} Short Setup: FB  .70 break
01[09:30] {@Threei}  Invalidated
01[09:31] {@Threei} Short Setup: FB  .10 break break
01[09:31] {@Threei}  If holds  .20
01[09:33] {@Threei}  no go
01[09:33] {@Threei} Short Setup: C  .90 break
01[09:34] {@Threei}  If holds  .95
01[09:34] {@Threei}  Invalidated
01[09:35] {@Threei} Long Setup:  TZA  .50 break
01[09:36] {@Threei}  If holds  .45
01[09:36] {@Threei}  rinse FB
01[09:36] {@Threei}  somg
01[09:39] {@Threei}  half out
01[09:40] {@Threei}  stop .49
01[09:45] {@Threei}  *(US) MAY PRELIMINARY MARKIT SERVICES PMI: 58.4 V 54.5E
01[09:47] {@Threei} Short Setup: JPM  .15 break
01[09:47] {@Threei}  If holds  .25
[09:48] {dino} 'hooker, smr l pcyc .58
[09:51] {Alexs} GLD looks short
01[09:57] {@Threei}  .75 break, probably
01[09:59] {@Threei}  *(US) MAY CONSUMER CONFIDENCE: 83 V 83.0E
01[10:03] {@Threei}  1:1  JPM
01[10:09] {@Threei} Short Setup: P  .75 breeak
[10:09] {dino} drtx gap fill, odd, drug approval
01[10:09] {@Threei}  If holds  .85
01[10:11] {@Threei}  Invalidated
[10:11] {dino} drtx smr l .51
01[10:12] {@Threei}  next spot of world-influencing disturbance:
01[10:12] {@Threei}  (SR) Saudi Arabia King Abdullah's deputy heir, Crown Prince Muqrin bin Abdulaziz, is said to face resistance from some quarters of the Saudi elite - Washington Post- Muqrin is the king's younger brother and appears to be popular among ordinary people, who say he is not corrupt. - Muqrins elevation is unpopular in some quarters due to questions about the validity of his newly created title and his pedigree as the son of a Yemeni concubine who was never formally married to his father. - Naming of Muqrin skipped over at least two other brothers, upsetting the unspoken rule that the succession passes down according to age
[10:14] {dino} lol like age has anything to do w/smarts
01[10:14] {@Threei}  " his newly created title and his pedigree as the son of a Yemeni concubine" - and we thought we had problems
[10:15] {dino} perhaps that concubine put in extra effort
01[10:15] {@Threei}  lol
01[10:16] {@Threei}  alex, you took GLD?
01[10:16] {@Threei}  nice selling
[10:19] {Alexs} yeah was just a scalp though
01[10:20] {@Threei} Long Setup:  TWTR  .70 break
01[10:20] {@Threei}  If holds  .60
01[10:25] {@Threei}  trail stop to .64
01[10:25] {@Threei}  1:1
[10:26] {dino} drtx stop to .01
[10:27] {nemo} yy looks short
[10:31] {dino} to .21
01[10:31] {@Threei}  GLD is clobbered
01[10:32] {@Threei}  (must be manipulation)
[10:32] {Alexs} rinsed my second half (
[10:32] {dino} out drtx .16, slip, +.65
01[10:33] {@Threei}  wtg
[10:33] {dino} ty
[10:33] {troub} good one dino
[10:34] {dino} ty
[10:35] {Alexs} MCD short Vad?
01[10:35] {@Threei}  no sure, no clear setup
01[10:47] {@Threei} Long Setup:  CAT  .45 break
01[10:47] {@Threei}  If holds  .35
[10:57] {Alexs} doing a full lot CAT Vad?
01[10:57] {@Threei}  yeah
[10:59] {dino} sm l .76
01[11:01] {@Threei}  nah
[11:02] {RonS} having trouble finding the symbol .76
01[11:03] {@Threei}  lol
[11:09] {dino} petm stop .64 -.12
01[11:09] {@Threei} Short Setup: P  .85 break
01[11:09] {@Threei}  If holds  .95
[11:13] {Alexs} HPQ .90 short?
01[11:13] {@Threei}  rather .95 long
[11:14] {Alexs} interesting
[11:14] {cosmo} can't understand it....prec mteals are supposed to ralley at times of rising war tensions
01[11:15] {@Threei}  yes
01[11:15] {@Threei}  but there is no war tensions
[11:15] {dino} up is down cosmo
[11:15] {cosmo} ah
[11:15] {cosmo} phoney tensions?
01[11:16] {@Threei}  from market point of view, there is new president, more promise of stability and Putin making peaceful noises
[11:16] {dino} scanners not throwing much out
01[11:16] {@Threei}  internal battles in Ukraine is not of market's concern
01[11:16] {@Threei}  war between countries is
[11:17] {RonS} celg spike
01[11:17] {@Threei}  and even that is limited to a degree to which it's likely to involve others
[11:17] {cosmo} ic
[11:18] {dino} markets have already ngiven ukraine to russia
01[11:19] {@Threei}  or at least stated that they don't care whether it remains whole or independent - as long as no open war breaks out
[11:19] {RonS} whr pressure
01[11:19] {@Threei}  - Gold prices have slid nearly 2% through the European session on a number of factors. China's gold imports from Hong Kong fell in April amid signs that investment demand is waning. The election in Ukraine provided a decisive outcome and Russia has made conciliatory noises. There has been some follow-on effect from falling platinum prices, after South Africa's mining minister pledged to mediate in a long-running strike
01[11:20] {@Threei}  of course those noises are just that, as Russia continues supporting and supplying rebels
01[11:20] {@Threei}  but there is no invasion, and that's all markets care about
01[11:20] {@Threei}  1:1  P
[11:21] {cosmo} So then, ultimately gold will serve those best who can fashion it into a weapon of valor for personal protection.
[11:22] {cosmo} just a theory
[11:24] {Alexs} HPQ is working Vad 1:1
01[11:24] {@Threei}  :)
01[11:24] {@Threei}  took it?
[11:24] {Alexs} hl
01[11:24] {@Threei}  cool
01[11:25] {@Threei}  why hl? it's quite thick
[11:26] {Alexs} was against my view lol
01[11:27] {@Threei}  "discomfort and profit go hand in hand"
[11:27] {Alexs} right
01[11:27] {@Threei}  {--- said his smart thing for the day and fell asleep
[11:28] {Alexs} rofl
[11:33] {RonS} looks like people falling over themselves guessing who pfe tries to buy next  CELG ALNY etc
[11:46] {dino} took all morning, but out pcyc .98, +1.40
01[11:46] {@Threei}  wtg
[11:46] {dino} ty, brb
[11:48] {ese} ya but......your good at this dino....nice one
[11:52] {RonS} Egypt extends presidential election vote to 3rd day
[11:52] {RonS} ...what?  turnout then 500%?
01[11:53] {@Threei}  Election is not legitimate unless winner gets 146% ~Putin V. V.
[11:54] {RonS} had a whole war before in 3 days...
[11:54] {RonS} celg gone pulp
01[12:08] {@Threei} Short Setup: FB  .80 break
01[12:08] {@Threei}  If holds  .90
[12:13] {ese} cya tomorrow gents.....and possibly ladies
01[12:13] {@Threei}  take care ese
01[12:13] {@Threei}  Yahoo! Inc Could launch its planned online video site later this summer - Advertising Age- Yahoo plans to offer content producers more generous revenue-sharing deals (Google takes 45% of the ad revenue) or fixed ad rates that are significantly higher than YouTube currently offers.
[12:13] {ese} cya vad
01[12:14] {@Threei} Short Setup: C  .10 break
01[12:15] {@Threei}  If holds  .20
[12:15] {Alexs} c
01[12:16] {@Threei}  oh lord... ad for a grill located on the floating dock, obviously fashioned after the worst Ron's lines:
[12:16] {dino} cya ese
01[12:17] {@Threei}  Grilligan's at Fisherman's Wharf Victoria - Where Bouy Meets Grill.
[12:17] {RonS} classic
01[12:17] {@Threei}  Ron... it's contagious, and spreading...
01[12:19] {@Threei}  image of Fisherman's wharf: http://www.arrestinglight.com/downtown/h2242513D#h2242513d
[12:21] {dino} one day i will be on a cruise, turn the corner, and bump into vad, the ships photographer
01[12:21] {@Threei}  easy
[12:21] {dino} :)
01[12:21] {@Threei}  fish is going to meet me next sunday just this way
01[12:22] {@Threei}  he is here on his way back from Alaska cruise
[12:23] {dino} nice
[12:30] {Alexs} JPM was a better vehicle for that brakedown
01[12:31] {@Threei}  If I were as smart yesterday as my wife is today {G}
[12:31] {Alexs} rofl
01[12:31] {@Threei}  anyway, stop to .16
01[12:34] {@Threei}  noq, this is a meaningless line if I ever saw any:
01[12:34] {@Threei}  Ukrainian Congress Committee of America declares presidential elections free and democratic
01[12:35] {@Threei}  anyone asked them? their seal of approval is needed? Anyne even knew they existed?
[12:35] {Alexs} that's exactly what Ukraine expected from them
01[12:35] {@Threei}  I doubt there is more than 10 people in Ukraine that ever heard about them
[12:37] {Alexs} and as many people in that Congress I guess
01[12:37] {@Threei}  now, there is an insurance company that insured Donetsk airport... I expect bankruptsy any day now
01[12:37] {@Threei}  lol, true
01[12:37] {@Threei}  youngest is 92
01[12:37] {@Threei}  he is the one they sent for coffee
01[12:37] {@Threei}  because he brings it in under 4 hours
01[12:38] {@Threei}  the rest take 3 days, and police help to locate the office
[12:41] {Alexs} Poroshenko promissed his first trip will be to Donetsk I guess he decided to send a couple of bombers first
01[12:41] {@Threei}  paving the road?
[12:41] {Alexs} lol
01[12:42] {@Threei}  I don't know what he is hoping to achieve there. People's governor" refused to meet with him
01[12:42] {@Threei}  who is he going to talk to?
[12:43] {Alexs} I don't think he will go there in the nearest future
01[12:43] {@Threei}  he also gave another promise that raised a lot of brows:
01[12:43] {@Threei}  finish anti-terrorist operation succesfully in hours
01[12:44] {@Threei}  good luck with that
01[12:47] {@Threei}  meh C
[12:53] {Alexs} GLD short Vad?
01[12:53] {@Threei}  .87 break yes
01[12:53] {@Threei}  just was looking at it
01[12:53] {@Threei} Short Setup: GLD  .87 break
01[12:53] {@Threei}  If holds  .95
01[12:56] {@Threei}  when you have 5 min, tell me how laughable my 23,400 result is: http://testyourvocab.com/
01[13:01] {@Threei}  (UR) Ukraine Foreign Min: Russia has been financing terrorists and has been doing nothing to prevent further infringment at the border
01[13:01] {@Threei}  nothying? it organized it
01[13:02] {@Threei}  trucks and buses with people and weapons
01[13:02] {@Threei}  1:1  GLD
[13:05] {dptl} p
01[13:05] {@Threei}  .60 break yes
[13:05] {Alexs} tza
01[13:05] {@Threei}  if I read you right
[13:05] {dptl} yes
01[13:06] {@Threei}  although you could indulge us and speak in more than one letter
[13:06] {dptl} lol...ok :)
01[13:06] {@Threei}  couple syllables, as a token of respect?
01[13:06] {@Threei}  there
01[13:06] {@Threei}  see, was it hard? :)
[13:07] {dptl} :)
[13:12] {dino} tza l .34
[13:23] {nathan} hi gents
[13:25] {Alexs} cat looks short
01[13:25] {@Threei}  hey nathan
01[13:26] {@Threei}  .95 alex?
[13:26] {Alexs} yes
01[13:26] {@Threei}  why not
01[13:26] {@Threei}  stop is very tight
01[13:30] {@Threei}  P finally starts taking shape
[13:30] {dptl} i took some at .64
[13:30] {dptl} short
[13:30] {dptl} will add
01[13:34] {@Threei}  CAT 1:1
[13:36] {nathan} C ?
[13:36] {nathan} no news on C?
01[13:37] {@Threei}  Citigroup Inc CFO: Trading revenue in Q2 is down 20-25% y/y so far, consumer revenue to be flat q/q - Deutsche Bank conf comments- Institutional revenue to decline in Q2 - Investment banking revenue in Q2 expected to rise q/q - Loan demand remains choppy.
[13:37] {Alexs} very good news
[13:38] {nathan} by the way, Thanks Alexs for CAT
[13:38] {Alexs} :)
[14:03] {Alexs} cat 1:2
01[14:03] {@Threei}  P works nicely too
06[14:03] * @Threei slaps dptl around a bit with a large roll of cash
01[14:03] {@Threei}  just in case he fell asleep
06[14:04] * @Threei slaps nemo around a bit with a large trout
01[14:04] {@Threei}  just in case
[14:06] {Alexs} 1:3 cat out
01[14:06] {@Threei}  wtg
[14:06] {Alexs} ty
01[14:07] {@Threei}  I am afraid dp did fall asleep
01[14:07] {@Threei}  P drops, he is silent
[14:07] {dino} i'm about to
[14:08] {Alexs} money likes silence
[14:15] {dptl} out p
[14:15] {dptl} .46
01[14:15] {@Threei}  finally... wakey wakey
[14:15] {dptl} lol
[14:18] {dino} tza stop .29 -.05
01[14:20] {@Threei}  1:2  P
[14:21] {nathan} nice P
[14:22] {dptl} lol..sounds funny
[14:22] {nathan} :-)
01[14:22] {@Threei}  pk... let's try this: "Nice 3.14"
01[14:22] {@Threei}  still funny?
[14:22] {dptl} better..lol
01[14:37] {@Threei}  1:3  3.14
[14:37] {dptl} yep
[14:37] {Alexs} you should keep it to 1:3.14
01[14:37] {@Threei}  too sofisticated math
01[14:37] {@Threei}  I am a simple man
[14:40] {Alexs} btw have you seen "life of pi" nice movie
01[14:41] {@Threei}  no...
01[14:42] {@Threei}  I need to see how Jack Bauer saves the world first
[14:43] {Alexs} no, really "life of pi" is very good
[14:47] {dino} invention of lying was funny
[14:47] {RonS} best thing is the cinema photography...interesting story...bit over the top
[14:50] {nathan} dino watch TEVA spike
[14:51] {dino} patent ruling
[14:52] {Alexs} AIG short .80?
01[14:53] {@Threei}  not sure...
01[14:54] {@Threei} Long Setup:  IWM  .40 breal
[14:55] {dino} cone
01[14:55] {@Threei}  If holds  .30
01[14:58] {@Threei}  Kyiv sends protest note to Russia due to border trespass by armed people
01[14:58] {@Threei}  Russia: why would we stop now?
[14:59] {Alexs} why Ukraine let them get in?
01[14:59] {@Threei}  they didn't go through the checkpoints
01[14:59] {@Threei}  it's a very porous border
01[15:00] {@Threei}  dozens of side roads
[15:00] {cosmo} maybe they already live there?
[15:00] {dino} sabr drop
[15:01] {dino} l .29
[15:01] {dptl} test
[15:01] {Alexs} they should strengthen border in that case
01[15:01] {@Threei}  easier said than done
01[15:02] {@Threei}  look at the map
[15:02] {RonS} dino, what dollar?  lol
[15:02] {Alexs} yes but you think it's easier to fight them inside the country?
[15:02] {dino} 17
01[15:02] {@Threei}  I don't think there is any obvious option
01[15:03] {@Threei}  endless rural space, largely controlled by rebels
[15:03] {Alexs} so then just give up...
01[15:04] {@Threei}  to send that many troops to the border means essentially to fight your way through
01[15:04] {@Threei}  all the eorads go through the towns controlled by rebels
01[15:04] {@Threei}  no one says give up
01[15:04] {@Threei}  I a saying there is no easy obvious solution
01[15:04] {@Threei}  it's a real war, in towns and cities with civil population
01[15:05] {@Threei}  where rebels shoot from the densely populated areas
01[15:06] {@Threei}  where tyey get to more or less open areas, they suffer heavy casualtes, like in airport
01[15:06] {@Threei}  but fir the most part they dont
[15:07] {dptl} test
[15:08] {dptl} am i here?
06[15:08] * @Threei slaps dptl around a bit with a large "TEST THIS!" banner
[15:08] {dptl} lol...ok i am here :)
[15:09] {dptl} just installed mirc on other comp
01[15:09] {@Threei}  "I am slapped therefore I am"
[15:09] {dptl} thats right :)
[15:10] {Alexs} I think Poroshenko knows easy solution when he promise to finish it quickly
[15:11] {dptl} sounds scary
01[15:13] {@Threei}  we will see...
01[15:13] {@Threei}  I know what I'd do if I were him
[15:13] {Alexs} he needs to show strength or he will lose the power very soon
[15:14] {Alexs} no other way
01[15:14] {@Threei}  yes... and more than that,
01[15:14] {@Threei}  do it quickly, do it decisively and call Putin's bluff
01[15:14] {@Threei}  now that Putin demonstrated that he doesn't want to invade, attack rebels
01[15:15] {@Threei}  and put him in the corner: invade if you want. get guerilla war
01[15:15] {@Threei}  or leave them die and lose credibility\
01[15:15] {@Threei}  1:1  IWM
01[15:15] {@Threei}  if you let this drag out, he will maintain this instabilty forever
[15:16] {dino} nat, teva was good idea
01[15:17] {@Threei}  main problem though is, you can't attack them with regular troops
[15:17] {nathan} did u jump?
[15:17] {dino} no, over-thought it
[15:17] {dino} thinking the enemy
[15:17] {nathan} yup
[15:19] {dptl} see ya tomorrow all
[15:19] {nathan} c u
[15:20] {dino} sabr stop -.23
[15:22] {dino} afternoons are worthless lately
[15:22] {Alexs} what can prevent Poroshenko's play is his business, he can lose his money finally
[15:23] {nathan} we'll take care gents! see you tomorrow
[15:23] {nathan} have a good night
01[15:24] {@Threei}  you too nathan
[15:27] {dino} clvs blood
01[15:27] {@Threei} Long Setup:  CAT  .60 break
01[15:27] {@Threei}  If holds  .50
[15:31] {dino} clvs hl l .09
[15:40] {Alexs} oh, missed cat...
[15:42] {dino} out clvs .41, +.32
01[15:42] {@Threei}  1:1
[15:48] {dino} damn clvs went .90
[15:53] {goinshort} thanks all! - cya
01[15:53] {@Threei}  gs :)
[15:53] {dino} gn
01[15:53] {@Threei}  thank you all, have a good evening
01[15:54] {@Threei}  see you tomorrow