Friday, May 30, 2014

May 30 2014

Very nice end to the week and month, with high percentage of a nice winning trades despite low volume environment.

Session Time: Fri May 30 00:00:00 2014
[08:49] {dino} gm 3i
01[08:49] {@Threei}  morning dino
[09:08] {dino} .
[09:11] {troub} good morning you all
01[09:11] {@Threei}  troub :)
[09:12] {RonS} gm...blox clocked...had to get that out of the way
01[09:12] {@Threei}  lol ron
[09:14] {nemo} I hate when I run out of vodka before I finish breakfast
[09:14] {dptl} good morning
01[09:14] {@Threei}  nemo, dp :)
[09:15] {nemo} oh jeez...only 600k shares spy traded
[09:15] {dino} bnny squish
[09:15] {RonS} lol
01[09:15] {@Threei}  hehe
01[09:16] {@Threei}  told ya... it's contagious
[09:16] {nemo} huh?
[09:18] {RonS} 80% float institutional holders blox...gonna be ugly...39 mil shares
01[09:19] {@Threei}  35% - still haircut or already beheading?
[09:21] {nemo} drawn and quartered even
[09:22] {nemo} nothing like watching a body pulled apart by two horses
[09:22] {RonS} train wreck syndrome
[09:23] {nemo} nah, I'm a sadist at heart
[09:23] {nemo} schadenfreude is my middle name
[09:23] {nemo} I keep a picture of Stalin next to my bed
01[09:23] {@Threei}  nemo schadenfreude bunny, nice to meet you
[09:23] {nemo} I miss Uncle Joe
[09:24] {nemo} leave bunny out of this
01[09:24] {@Threei}  can't
[09:24] {Alexs} good morning
01[09:24] {@Threei}  alex :)
[09:24] {nemo} gawd...she was active last night..frickin'  running back and forth all night
[09:25] {nemo} It's amazing how noisy a 3 lb. rabbit can be
[09:25] {RonS} good thing she can't talk...
[09:25] {nemo} true,  but she can bite
[09:26] {dino} uncle joe the psycho
[09:27] {dino} nq spike
[09:27] {RonS} got no news here
01[09:27] {@Threei}  NQ Raises Q1 Rev guidance
01[09:31] {@Threei} Short Setup: FB  .10 break hl
01[09:31] {@Threei}  ummm
[09:31] {nemo} IWM not available for shorting neither is TNA
01[09:31] {@Threei}  crrrap
01[09:31] {@Threei}  got away
01[09:33] {@Threei} Long Setup:  FB  .75 break hl
01[09:33] {@Threei}  change to .70
[09:33] {dino} splk gap fill
01[09:34] {@Threei}  If holds  .60
01[09:34] {@Threei}  meh
01[09:36] {@Threei}  BLPX quite a bounce
01[09:38] {@Threei} Long Setup:  IWM  .25 break
01[09:38] {@Threei}  If holds  .15
01[09:39] {@Threei}  change to .20 break
01[09:39] {@Threei}  If holds  .12
[09:40] {dino} splk hl l .95
01[09:41] {@Threei}  1:1
01[09:44] {@Threei}  *(US) MAY CHICAGO PURCHASING MANAGER: 65.5 V 61.0E
01[09:45] {@Threei}  Volkswagen AG To launch all-electric e-Golf model in the US in fall 2014 - pressVW estimates 70 to 90 miles of "real world range" on a full charge and a 115-mile maximum. VW hasn't yet announced pricing for the e-Golf, but a loaded version with leather seats and navigation probably will sell for around $35,000.
01[09:46] {@Threei}  1/4 more out
01[09:46] {@Threei}  stop to .24
01[09:47] {@Threei}  BLOX... getting intriguing
01[09:47] {@Threei}  brutal selling
01[09:47] {@Threei}  nemo's soul sings and dances
[09:47] {dino} splk stop -.30
[09:49] {nemo} watching splk
01[09:49] {@Threei} Long Setup:  BLOX  .50 break hl
01[09:50] {@Threei}  If holds  .40
[09:50] {nemo} Javelin catching
01[09:50] {@Threei}  1:1
01[09:50] {@Threei}  javelin caught
[09:52] {dino} lng s .76
01[09:52] {@Threei}  1:2
[09:54] {dino} cov lng .45, +.31
01[09:54] {@Threei}  *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 81.9 V 82.5E
[09:56] {RonS} took blox .50 to .85 +.35 thanks 3i
01[09:56] {@Threei}  :)
[09:59] {dino} splk hl l .53 stop lod
01[10:02] {@Threei} Long Setup:  NQ  .10 break hl
01[10:02] {@Threei}  If holds  8
01[10:03] {@Threei}  stop to .04
01[10:04] {@Threei}  heavier than I expected
01[10:04] {@Threei}  1:1
[10:07] {nemo} splk
01[10:11] {@Threei} Short Setup: NQ  8 break hl
01[10:11] {@Threei}  If holds  .10
[10:11] {nemo} yelp 66 level
01[10:11] {@Threei}  "66 level!!"
[10:11] {nemo} disappeared but big bid was there
[10:12] {nemo} huie
01[10:12] {@Threei}  no such symbol
01[10:13] {@Threei}  NQ is not shortable here
[10:13] {Alexs} nemo practice russian?
[10:16] {nemo} yeah, my new favorite word "razpizdyi"
[10:16] {Alexs} lol
01[10:17] {@Threei}  and to my shame, this one he learned from me
01[10:17] {@Threei}  1:1  NQ
01[10:17] {@Threei}  for those who have it for shorting
[10:18] {dino} npsp
[10:18] {dino} hl s .05
[10:20] {Alexs} nemo do you know word "suka"?
[10:20] {nemo} pray, do tell
[10:21] {Alexs} it's one of most used russian words
[10:21] {dptl} :)
[10:22] {nemo} ok one of you russkies dcc me with the meaning
[10:22] {dino} npsp stop .40 -.35
[10:22] {dino} not my morning
[10:23] {Alexs} no need dcc it means bitch
[10:24] {Alexs} but russians use it for any reason
[10:25] {thomcbell} npsp
[10:25] {thomcbell} takeover rumor
[10:25] {thomcbell} wowza
[10:26] {dptl} lol...yep, now so you know that word Nemo, you can maintain simple conversation in russian...lol
01[10:27] {@Threei}  it's one of those words that are being used as a comma, nemo
[10:27] {dptl} lol...
[10:28] {Alexs} rofl
01[10:28] {@Threei}  also, when you stub your toe of furniture
[10:28] {Alexs} or just made a nice trade
[10:28] {nemo} bang your thumb with a hammer
01[10:29] {@Threei}  there... you are getting the usage right
[10:29] {dino} npsp l .15
01[10:29] {@Threei} Short Setup: WMT  .40 break
01[10:29] {@Threei}  If holds  .50
01[10:29] {@Threei}  two-sided
[10:32] {dino} out npsp 33.15, +1.00
01[10:32] {@Threei}  wtg
[10:34] {dino} ty
01[10:36] {@Threei}  stop to .44
[10:45] {Alexs} zuckerbergs wife to CNBC: ...he wears fresh hoody every day
01[10:46] {@Threei}  lol
01[10:46] {@Threei}  1:1
[10:55] {cosmo} just another day in the cyberhood...
01[10:55] {@Threei}  sheesh... ron, the monster you unleashed
[10:56] {RonS} well, it is cosmo...
01[10:57] {@Threei}  LOL:
01[10:57] {@Threei}  When I was a boy, my Momma would send me down to a corner store with $1,
01[10:57] {@Threei}  and I'd come back with 5 bags of potatoes, 2 loaves of bread, 3 bottles
01[10:57] {@Threei}  of milk, a hunk of cheese, a box of tea, and 6 eggs.
01[10:57] {@Threei}  You can't do that now.
01[10:57] {@Threei}  Too many fucking security cameras...
[10:58] {nemo} and she thought you were such a good shopper
[10:59] {Alexs} and what you did with the dollar Vad?
[10:59] {nemo} hooker
[11:00] {cosmo} the potatoe dollar?
[11:06] {dino} out yy .96, +.43
01[11:07] {@Threei}  wtg
[11:08] {dino} npsp s .07
[11:15] {Alexs} nobody expects AAPL announce a new hardware Monday but stock is rising like hell
[11:15] {dino} npsp stop .20 -.13
01[11:15] {@Threei}  Many observers have commented on the steady deceleration in the VIX in the month of May. As of writing the S&P500 volatility index is approaching last Friday's low of 11.36, which was its lowest reading since March 2013. Note that a break below 11.00 would put the index right where it was at the beginning of 2007, a reading that many consider was one signal of the Minsky Moment that touched off the Great Recession.
01[11:18] {@Threei}  brace yourself:
01[11:18] {@Threei}  (US) White House confirms that the Environmental Protection Agency (EPA) plans announcement for carbon rules on Monday, June 2
01[11:19] {@Threei}  (US) Environmental Protection Agency (EPA) loses bid in appeals court to be allowed to enforce clean air rules by territory; must now enforce rules based on national standards
01[11:19] {@Threei}  I suspect EPA on Monday will cancel the environment, in order to ultimately protect it
[11:20] {dino} say goodbye to coal jobs
01[11:20] {@Threei}  (US) President Obama: Have accepted VA Chief Shinseki's resignation, bonuses for senior VA staff have been cancelled in light of the investigative report's findings
[11:22] {dino} mw spike
01[11:24] {@Threei} Long Setup:  SPLK  42 break hl
01[11:24] {@Threei}  If holds  .90
[11:24] {cosmo} EPA bonuses are next
01[11:24] {@Threei}  Invalidated
[11:25] {RonS} O loves the epa, he wants to wreck the US economy
[11:26] {nathan} morning gents
[11:27] {dino} npsp drop
[11:27] {dino} s .05
[11:28] {dino} cov .90, +.15
01[11:29] {@Threei}  hey nathan
01[11:30] {@Threei}  we had a few profitable trades, taught nemo new russian swearing word and established that the world is likely to become worse on Monday
[11:30] {thomcbell} splk looks like it wants still lower
[11:30] {dino} npsp s .20
01[11:30] {@Threei}  there, you are all caught up
[11:31] {dino} cov .00, +.20
[11:31] {nathan} :-)
[11:41] {thomcbell} nmbl lockup situation
[11:41] {thomcbell} lord did it get drilled
[11:42] {RonS} nmbl jacked?
[11:43] {RonS} http://en.wikipedia.org/wiki/Jack_Be_Nimble
01[11:43] {@Threei}  lol
01[11:46] {@Threei} Long Setup:  NQ  8 break hl
01[11:46] {@Threei}  If holds  .90
[11:47] {dino} nmbl l .15
[11:50] {dptl} p .50 break short
[11:50] {dino} out nmbl .27, +.12
01[11:52] {@Threei}  looks right P
01[11:52] {@Threei}  NQ stop to .94
01[11:58] {@Threei}  1/2 meh
[11:59] {dino} splk overdone, report wasn't bad. just another kill the momo
[12:00] {dino} brb
01[12:02] {@Threei}  P 1:1
[12:09] {dptl} out p
[12:24] {Alexs} nice spot P dp
[12:24] {dptl} :)
[12:33] {dino} txa l .50 stop .38
[12:34] {dino} tza
[12:39] {dino} tza to .58
[12:40] {nemo} daily pivot on spy is just above 192, will likely be a long bounce in that area
[12:40] {dino} ty
[12:40] {dino} to .61
[12:41] {nemo} funny how iwm comes into S2 at the same time
[12:41] {dino} out tza .62, +.12
[12:49] {dino} higher low/highs on splk
[12:49] {dino} pullbacks are big tho
[12:50] {dptl} dks .40 break short
[12:54] {nemo} spread quite variable on splk too
[12:54] {nemo} resistance at 42.25 23.6 retrace is 43.25ish
[12:56] {dptl} something with BP at nonko....anyone else?
[12:57] {nemo} I seem to be o.k.
[12:57] {nemo} contact them?
[12:58] {nemo} nope I'm having problems too
[12:59] {dptl} you do?
[12:59] {nemo} I have no buying power even though it says I do
[12:59] {dptl} same
[13:01] {dptl} i have no respond so far
[13:01] {dino} feye l .50
[13:05] {nemo} it's should be o.k. now
[13:05] {dptl} out gks
[13:06] {dptl} sune
[13:06] {dptl} oops never mind
[13:16] {dino} twx drop
[13:25] {dino} rden
[13:26] {dino} feye stop -.30
[13:29] {dptl} p may be another short 24 break
01[13:29] {@Threei}  yup
[13:30] {dino} rden s .80
[13:30] {dino} stopped
[13:39] {dino} rinsed
[13:40] {nemo} Can you believe the market is actually red?
[13:40] {dino} sure
[13:41] {nemo} you ever heard of sarcasm, dino?
[13:41] {dino} lol, acting like sheldon cooper
[13:42] {nemo} or someone who belongs on the short bus
[13:42] {dptl} sune short
[13:46] {dino} scty gap fillscty l .96
[13:50] {dino} out scty .08, +.12
[13:50] {dino} feye rinsed, lots of rinses last few days
[13:50] {dptl} no..stopped sune
[13:55] {nemo} iwm breakout?
[13:55] {nathan} meh DAS says no BP!!
[13:55] {nathan} do you have any issue with the platform?
[13:56] {dptl} it was, they said should be ok now
01[13:56] {@Threei} Long Setup:  IWM  .55 break
[13:56] {nemo} no, it's broken again
01[13:56] {@Threei}  If holds  .45
[13:57] {nemo} it's o.k. now
[13:59] {nemo} BREAKING: President Obama is back in the breifing room, announces Jay Carney is out as Press Secretary.
[13:59] {dino} ddd l .22
01[13:59] {@Threei}  lol
01[14:00] {@Threei}  guy had the worst job in the world
[14:00] {nemo} I can't stand that FL rep who is the head of the Dems
01[14:00] {@Threei}  osh Earnest named as replacement
[14:03] {dino} splk lod
[14:03] {dino} hate to see what would happen on a miss and lower, sheesh
[14:05] {dino} adding splk for swing
[14:06] {dptl} long?
[14:06] {dino} y
[14:06] {dptl} i see
01[14:10] {@Threei}  1:2
01[14:11] {@Threei}  was that perfect entry or what
[14:11] {goinshort} very nice!
[14:11] {nathan} well done
01[14:11] {@Threei}  can I go home?
[14:12] {goinshort} bye
[14:13] {Alexs} we made 1:10 or what?
01[14:13] {@Threei}  hehe
[14:13] {dptl} stopped p
01[14:13] {@Threei}  I was waiting for alex to chime in
[14:13] {nathan} lol
03[14:13] * mib_v9pgzj is now known as helloworld
[14:14] {dino} ddd to .34
[14:14] {dino} out +.12
01[14:16] {@Threei}  hello helloworld, and see private message please
[14:20] {Alexs} is it Jay Carney join us?
01[14:23] {@Threei}  lol
01[14:23] {@Threei}  we don't need that kind
[14:23] {cosmo} he was a good ball player
[14:23] {cosmo} oops...wrong one
[14:24] {Alexs} no I mean this explains his resignation
06[14:24] * dino slaps cosmo around a bit with a large trout
[14:25] {cosmo} one of the few remaining uncontaminated fish....thanks
[14:29] {dino} anytime
[14:29] {Alexs} how much is fresh tuna in BC Vad?
01[14:30] {@Threei}  gosh... there are so many stores and kinds of tuna, I wouldn't know how to begin to answer :)
[14:31] {Alexs} sheesh I need to move to BC
[14:31] {dino} vrx drop
[14:31] {nemo} mercury in tuna
01[14:31] {@Threei}  seafood is abundant
01[14:31] {@Threei}  buy fresh... or catch your own
01[14:31] {@Threei}  dp will set you up for fishing
[14:31] {dino} smr l .27
[14:31] {Alexs} ok how much the cheapest one?
[14:32] {dptl} dont know about tuna...salmon
01[14:33] {@Threei}  cheapest salmon is about $7.90/kg in season
01[14:33] {@Threei}  but that's pink salmon, not the best
[14:33] {dptl} even cheaper sometimes
[14:33] {dino} out vrx 127.37, +1.10
01[14:34] {@Threei}  coho from 9 to 12 in good time of the year
[14:34] {dino} use that 1.10 vrx to buy some tuna
[14:34] {nathan} gj dino
[14:34] {dino} ty
01[14:34] {@Threei}  wtg
[14:34] {Alexs} oh, I expected lower prices
[14:35] {dino} on the vrx or the tuna
[14:35] {dino} :)
[14:35] {Alexs} lol
01[14:35] {@Threei}  for pacfic salmon?
01[14:35] {@Threei}  I dunno where you can get it cheaper
01[14:36] {@Threei}  this is not your atlantic one
[14:36] {dino} wow vrx spike
[14:36] {Alexs} no it's a good price, but still...
[14:37] {Alexs} why pacific is better?
01[14:38] {@Threei}  you'll have to ask whoever created this planet...
[14:38] {RonS} species are bigger...and probably the water colder
[14:39] {RonS} bigger fish means they eat bigger fish...also no farm raised
[14:39] {dptl} atlantic is almost all farmed now......we have still wild
[14:40] {dino} l smr .88
[14:40] {Alexs} oh, that price was for the wild?
[14:40] {dino} out 135.21, +84
[14:40] {dino} .84
01[14:41] {@Threei}  of course
[14:41] {dptl} its almost all wild here
01[14:41] {@Threei}  no one eats farmed here
[14:41] {dino} opps, 133.88 to 135.20, +1.32
[14:41] {Alexs} ok, then moving to BC
[14:41] {dino} ron you watching that vrx?
01[14:42] {@Threei}  and crabbing and shrimping is done from docks
[14:42] {RonS} wasn't, wow
[14:42] {dino} just took over 2 bucks out of it
[14:42] {RonS} ...and the oysters...
[14:42] {dino} in about 10 minutes
01[14:43] {@Threei}  oysters, no... mussels, yes
06[14:43] * dino slaps RonS around a bit with a large trout
06[14:43] * dino slaps Threei around a bit with a large trout
06[14:43] * dino slaps Alexs around a bit with a large trout
01[14:43] {@Threei}  and trout is to die for, yes dino :)
[14:43] {dino} thats for talking seafood when vrx pulped out
[14:43] {Alexs} lol
[14:44] {dino} get you heads in the game
[14:44] {dino} good thing i'm not running this room
[14:45] {dino} ;-)
[14:45] {dino} agn spike
[14:46] {nemo} yeah, you'da been fragged already
01[14:46] {@Threei}  AGN and VRX are in one news item
[14:46] {RonS} related to vrx move
01[14:46] {@Threei}  which is a bit too confusing
[14:46] {RonS} ackman revises agn offer
01[14:46] {@Threei}  Allergan, Inc Valeant and Pershing Square increase offer, raise cash component by $13.70 to $72 and leave stock component at 0.83 shares of Valeant stockEach Allergan share would be exchanged for $72.00 in cash and 0.83 shares of Valeant common stock, based on the fully diluted number of Allergan shares outstanding. This offer is subject to prompt good faith negotiation of a merger agreement between Valeant and Allergan. Shareholders will continue to be able to elect cash and/or Valeant stock, subject to proration.
[14:47] {dino} that makes it about 182
[14:48] {RonS} assumong vrx stock price never goes down...
[14:48] {dino} well, stocks never do go down
[14:49] {thomcbell} looking for a long setup in pva
[14:50] {thomcbell} dont know whats going on here but i cant find anything
[14:50] {nemo} it's called late august trading
[14:50] {nemo} spy volume may surpass the lowest volume of the last 1000 trading days
[14:53] {dino} vrx talking some dilution at .83/share
[14:54] {dino} njr spike
[14:54] {dino} 200m+ shares?
[14:55] {dino} danm can't borrow vrx had order at 131.88
[14:58] {dino} pva drop
[14:58] {thomcbell} now pva got emotional
[14:58] {thomcbell} bought small
[14:59] {goinshort} dino - thanks for vrx
[14:59] {nemo} well 900k more shares on spy and the low volume record is safe
01[14:59] {@Threei}  PVA is probably reaction on upcoming Monday EPA announcement
01[15:00] {@Threei}  Google Inc Reportedly Google has gotten 12K requests from users to remove personal data in Europe - press**NOTE: 05/13: GOOG: European Court of Justice rules that individuals have (in some cases) the right to ask Google to remove links to information about them that is old or irrelevant. Court rules that EU citizens have "a right to be forgotten."
[15:00] {dino} np goingshort, happy to throw them out
[15:02] {RonS} out of 300 mil people that is really impressive...  :)
[15:02] {dino} pva smr l .30
01[15:02] {@Threei}  that's first days... I guess much more is coming
01[15:02] {@Threei}  Google just today put a form online
[15:03] {RonS} ah
[15:04] {dino} pva to b/e, not luvin it
[15:04] {nathan} have a nice weekend
[15:04] {nathan} take car4
[15:04] {dino} u2 nat
01[15:04] {@Threei}  you too nathan
[15:04] {RonS} should stick w/ agn and vrx dino
01[15:04] {@Threei} Long Setup:  IWM  .80 break
01[15:04] {@Threei} Long Setup:  IWM  .60 break
01[15:04] {@Threei}  If holds  .50
[15:06] {dino} ron, i should do alot of things
[15:07] {dino} out pva .50, +.20
[15:07] {RonS} hey, not your wife here...  :)
[15:07] {dino} lol
01[15:10] {@Threei}  1:1
[15:12] {dino} agn smr l .69
[15:12] {thomcbell} making sales pva
[15:13] {dino} out agn .89,
[15:13] {dino} +.20
[15:13] {dino} damn too soon
[15:14] {dino} all over...pulp....spreads of /60
[15:14] {thomcbell} out pva
[15:15] {dino} gj tbell
[15:15] {dino} agn smr l .20
01[15:15] {@Threei}  1:2
[15:16] {dino} out agn .60, +.40
[15:16] {dino} mnk spike
[15:17] {nemo} tlt had a little hiccup
[15:20] {dino} damn agn went another buck
[15:20] {thomcbell} oofa pva
[15:21] {dino} yeah, saw that tbell, i chickened out for some reason
[15:21] {dino} overthought it
06[15:22] * dino slaps dino around a bit with a large trout
[15:22] {dino} thats for thinking on pva
[15:22] {nemo} at least use a frozen one
[15:22] {nemo} wuss
[15:23] {thomcbell} im lookng to buy a retracement back down
[15:23] {dino} agm smr s .54
[15:26] {dino} cov agn .84, +.70
[15:26] {dino} ron was right
01[15:26] {@Threei}  http://www.rferl.org/content/vostok-battalion-a-powerful-new-player-in-eastern-ukraine/25404785.html
01[15:26] {@Threei}  Chechnya fighters... great
[15:32] {dino} agn smr s .85
[15:33] {nemo} looks like it's gonna' be a scalpers summer
01[15:33] {@Threei}  https://www.facebook.com/photo.php?fbid=593650460733900&set=o.63355899492&type=1&theater
[15:34] {dino} b/s is .30
[15:34] {dino} i think so nemo
01[15:35] {@Threei}  wow
[15:36] {nemo} and we've got Mutual Fund Monday coming up
[15:39] {Alexs} if it's really Vostok Battalion then Ukraine has a very low chances to beat them
01[15:41] {@Threei}  with Russia maintaining supply channels, providing intelligence support and financing them... yeah
[15:41] {dino} agn b/s to .01
[15:43] {dino} agn stop .00, -.15
[15:45] {troub} good weekend everyone
01[15:45] {@Threei}  thank you all
01[15:45] {@Threei}  have a great weekend
01[15:45] {@Threei}  see you on Monday
01[15:46] {@Threei}  unless fish drinks me into oblivion
[15:47] {dino} gn all, thx for ideas today