Thursday, June 5, 2014

June 05 2014

A few very nice trades including 1:5 FB short,. but rinses were a few too many, so ending in negative. Slow grind up - investors' dream , tough environment for traders. 

Session Time: Thu Jun 05 00:00:00 2014
[09:13] {RonS} a fine morning to all
01[09:13] {@Threei}  morning Ron
[09:13] {thomcbell} gm
01[09:13] {@Threei}  thom :)
[09:13] {dptl} good morning
01[09:13] {@Threei}  dp :)
[09:16] {troub} good morning you all
01[09:16] {@Threei}  troub :)
[09:19] {ese} morning....anyone want to walk a picket line with me today? eh?
01[09:19] {@Threei}  no thank you
01[09:19] {@Threei}  see dcc though
01[09:21] {@Threei}  there is some irony in this line:
01[09:21] {@Threei}  - Greece Revenue chief Theoharis said to consider resigning
[09:22] {ese} hes' pocketed his mil or so.....time to give some to the next person
[09:26] {Alexs} good morning
01[09:26] {@Threei}  alex :)
01[09:26] {@Threei}  missed strong day yesterday
[09:27] {Alexs} cant't get everything ...
[09:32] {thomcbell} cien up a ton might give a short entry
01[09:33] {@Threei} Short Setup: FB  .60 break
01[09:33] {@Threei}  If holds  .70
01[09:33] {@Threei}  nope
01[09:36] {@Threei} Long Setup:  EBAY  .30 break
01[09:36] {@Threei}  If holds  .20
01[09:37] {@Threei}  change to .20 break
01[09:37] {@Threei}  If holds  .15
01[09:37] {@Threei}  1:1
01[09:40] {@Threei}  FB rinse
[09:43] {Alexs} In Obama pronunciation Poroshenco sounds Porochenko, it's a different meaning in russian :)
01[09:44] {@Threei} Long Setup:  IWM  .65 break
01[09:44] {@Threei}  change to .60 break
01[09:44] {@Threei}  If holds  .55
01[09:45] {@Threei}  1:1
01[09:46] {@Threei}  1:2
01[09:47] {@Threei}  1:3
01[09:47] {@Threei}  out
[09:49] {troub} good on Vad
01[09:50] {@Threei}  ty
01[09:50] {@Threei} Long Setup:  FB  .70 break
[09:50] {thomcbell} cien trading very very well here
01[09:50] {@Threei}  If holds  .60
[09:51] {dptl} short mrvl
[09:51] {dptl} .31 stop
01[09:55] {@Threei} Long Setup:  CIEN  .20 break
01[09:56] {@Threei}  If holds  .10
01[09:56] {@Threei}  FB is annoying today
[09:56] {nemo} 22.70ish possible destination
01[09:56] {@Threei}  Invalidated
01[09:56] {@Threei}  for now
[09:56] {dptl} mrvl to .26
01[10:02] {@Threei} Long Setup:  IWM  .65 break
01[10:02] {@Threei}  Invalidated
[10:09] {thomcbell} bought small rcap
[10:10] {thomcbell} secondary priced at 20.25 fyi
01[10:10] {@Threei} Long Setup:  WMT  .10 break
[10:10] {thomcbell} broke price but this thing has been straight down
[10:10] {dino} ltm hl l .00
01[10:10] {@Threei}  If holds  77
[10:11] {RonS} ltm .99  piper downgrade w/ pt in the 50's...value add
01[10:11] {@Threei}  lol
[10:11] {dptl} out some mrvl
01[10:14] {@Threei}  Invalidated
[10:18] {dptl} out mrvl
[10:19] {RonS} out ltm -.08...its early and i broke my block volume rule...waiting until trades 1.5 mil sh or 48.10
[10:20] {nemo} cien
[10:20] {dptl} cien again
[10:20] {dptl} missed
[10:20] {nemo} yeah, just a little late
[10:21] {RonS} rad totally down dude
01[10:21] {@Threei}  lol
[10:22] {dino} ltm stop -.26
01[10:25] {@Threei} Long Setup:  P  .95 break
01[10:25] {@Threei}  If holds  .85
[10:28] {thomcbell} sold 1/4 rcap - + 0.32
01[10:28] {@Threei}  wtg
[10:28] {dino} gj
01[10:29] {@Threei}  P stop to .88
01[10:33] {@Threei}  holding by fingertips
[10:35] {dino} jd spike
01[10:35] {@Threei}  A Russian fighter jet flew within 100 feet (30 meters) of the nose of a U.S. military spy plane in late April north of Japan, triggering private U.S. protests to Moscow just as East-West tensions soared over the crisis in the Ukraine, the Pentagon said.
[10:35] {thomcbell} took the rest of the rcap trade in the 30's
01[10:36] {@Threei}  meh P
[10:37] {Alexs} I think russian pilot just was drunk
01[10:37] {@Threei}  are they cleared for takeoff in any other state?
[10:39] {dptl} isis? halted?
01[10:40] {@Threei} Long Setup:  EBAY  .30 break
01[10:40] {@Threei}  If holds  .25
[10:48] {dptl} bmy 47 long
[10:49] {dptl} if hold .90
01[10:59] {@Threei} Short Setup: CAT  .80 break
01[11:00] {@Threei}  If holds  .85
01[11:01] {@Threei}  meh
01[11:01] {@Threei}  out of tune today
01[11:05] {@Threei}  nice BMY
[11:05] {dptl} out some .17
[11:06] {dptl} stop under .10
[11:07] {dino} dp ty, out bmy .15, +.15
[11:07] {dptl} :)
[11:11] {RonS} does anyone else think Bezos looks like he's been servicing nuclear reactor cores?
[11:13] {dptl} out more bmy .28
[11:13] {RonS} ltm really has some nice facilities...$45 million dollar one 3 blocks from my house:
01[11:16] {@Threei}  lol on bezos
01[11:17] {@Threei}  Wal-Mart Stores Inc Comments on expansion of 'Savings Catcher' program
01[11:17] {@Threei}  - Walmart announced plans to rollout Savings Catcher nationwide later this summer. The receipt comparison tool gives the retailers customers added confidence when they shop by eliminating the need to visit multiple stores to find low prices.
01[11:17] {@Threei}  - Savings Catcher looks at other retailers ads and gives customers an eGift card for the difference if a competitors offering is lower than the price they paid at Walmart.
01[11:17] {@Threei}  - At launch, Savings Catcher will compare approximately 80,000 grocery and consumables purchases. In the coming months, produce and general merchandise will also be added to the tool.
01[11:17] {@Threei}  - Nearly one million receipts have been processed using Savings Catcher since Walmart launched its pilot in seven markets this spring.
01[11:17] {@Threei}  - Todays update is just the beginning for Savings Catcher. In the near future, Walmart will offer customers eReceipts and the option to instantly load each of their purchases into the tool automatically finding the lowest price available in their area. Savings Catcher and eReceipts will work together and lead to further innovations like eCoupons and automated shopping lists.
[11:18] {RonS} ...and in 2 years it will be hacked...
01[11:19] {@Threei}  why so long?
[11:19] {RonS} so it can load in the max of customer info...
01[11:20] {@Threei}  ah
01[11:20] {@Threei}  ok, makes sense
[11:23] {Alexs} Ron how much is a membership in that gym?
[11:24] {RonS} prox $50/mo per person...but the deal is families w/ kids...only $10/mo per kid more and can leave kid at day care center for 2 hours/visit included
01[11:25] {@Threei} Long Setup:  TZA  .31 break
01[11:25] {@Threei}  If holds  .25
[11:27] {Alexs} nice prices
[11:28] {dptl} out bmy
[11:29] {RonS} they net 10%, largely off the 50% of total revenue generated from other than membership
01[11:30] {@Threei}  shrug... I need some poison today
[11:30] {dptl} long vlo
[11:30] {dptl} .51
[11:32] {dptl} out some
[11:34] {RonS} sm l ltm .44 s/l lod
[11:35] {dptl} just scalp all out vlo
[11:41] {RonS} fwiw ltm has prox 650k members...only prob w/ biz is the 30%/yr turnover
[11:43] {ese} e
[11:44] {RonS} ...heard a Vegas facility has a 3 hole course on the roof...wonder is they give you a spit to put yourself on during the summer...
[11:45] {ese} thats bizzare
[11:45] {ese} what are they thinking
[11:45] {RonS} 9 mos out of the year it is nice there ese
[11:45] {dino} wabc spike
[11:46] {ese} me coming from would be nice 12 months in my opinion
01[11:47] {@Threei} Long Setup:  TZA  16 break
01[11:47] {@Threei}  If holds  .95
[11:47] {nemo} ballsy getting in front of this freight train
[11:48] {ese} still trillions sitting on the sidelines......
[11:48] {nemo} I think that's bs
[11:49] {ese} yes
01[12:00] {@Threei}  hemlock... large bowl please
[12:04] {nemo} this is a runaway market today
[12:05] {nemo} there has been no letup in momentum at all
01[12:13] {@Threei}  hate this slow grind
[12:16] {ese} coffee?
[12:16] {nemo} rim shot please
01[12:16] {@Threei}  intravenously. With vodka, 1:1
[12:16] {ese} coffee grind?......yuk yuk nudge nudge
[12:16] {ese} definitely with vodka
[12:24] {thomcbell} wow the beaten down high beta stuff very strong
[12:24] {thomcbell} wday twtr feye etc
[12:24] {nemo} look at IWM, remember we haven't hit the euphoria stage of this bull market
01[12:33] {@Threei} Short Setup: FB  .50 break
01[12:34] {@Threei}  If holds  .60
06[12:35] * @Threei reaches for second bowl of hemlock
01[12:35] {@Threei}  first doesn't work still
[12:35] {nemo} shorting today especially at lunch time, oy vay
01[12:36] {@Threei}  don't
01[12:36] {@Threei}  just don't
01[12:37] {@Threei}  no method works every day. Today it doesn't - no need to make broad conclusions from that
01[12:38] {@Threei}  - General Motors' CEO Mary Barra updated investors on the continuing internal investigation into her company's big recalls this morning. She said probe uncovered a troubling pattern of management deficiencies and neglect, but there was no evidence of a cover-up
01[12:39] {@Threei}  Barra said there could be a few more recall announcements in the months ahead, but that they will be substantially completed by end of the second quarter.
[12:40] {Alexs} what was that setup Vad FB .50? you meant when it breaks 64.50 ?
01[12:41] {@Threei}  lol... just saw it. That was supposed to be IWM, hit wrong symbol
01[12:41] {@Threei}  good thing then
[12:42] {Alexs} thank you man
01[12:42] {@Threei}  no kidding
01[12:42] {@Threei}  error that saved us a stop
01[12:43] {@Threei}  btw alex, interesting read for when you have time:
01[12:52] {@Threei} Short Setup: IWM  .50 break
01[12:52] {@Threei}  If holds  .60
01[12:57] {@Threei}  1:1
06[12:57] * @Threei slaps nemo around a bit with a successful short
[12:59] {Alexs} lol what about Lenin like smirk
01[12:59] {@Threei}  I am smirking when I am positive for the day
[12:59] {Alexs} ahh ok
01[13:00] {@Threei}  when negative, I am frowning, growling and fist-shaking
[13:00] {Alexs} hope you will have a chance to smirk today :)
01[13:00] {@Threei}  lately I started thinking of adding to that arsenal pouting and holding a banner with hashtag "#returnmymoney"
[13:01] {Alexs} rofl
01[13:01] {@Threei}  worked for Michelle, right?
01[13:06] {@Threei}  Barack Obama says Scotland should remain part of United Kingdom
01[13:06] {@Threei}  gave an order? good for you, now go home
01[13:07] {@Threei} Short Setup: FB  .15 break
01[13:07] {@Threei}  If holds  .25
01[13:08] {@Threei}  1:1
06[13:10] * @Threei slaps nemo around a bit with a second a successful short in a row
[13:15] {dptl} watching p for .10 break short
01[13:17] {@Threei}  1:2
01[13:25] {@Threei}  out in full .65
01[13:25] {@Threei}  +.50
01[13:27] {@Threei}  pouting works
[13:29] {Alexs} nice pouting :)
01[13:29] {@Threei}  learning from the best
01[13:36] {@Threei} Short Setup: IWM  .35 break
01[13:36] {@Threei}  If holds  .45
[13:41] {RonS} lol, is ese really on a picket line?
01[13:41] {@Threei}  of course... it's mandatory
[13:42] {nemo} that's a good sign on the short, couldn't get above .42, next test is .27...if it gets below, it will likely try to retest it
01[13:43] {@Threei}  yesterday students walk out on strike
[13:43] {RonS} so, liberals who would not go to war for anything are jailed to a picket line?...the irony
01[13:43] {@Threei}  with banners "don't make us your leverage"
[13:43] {dino} tza l .80
[13:44] {nemo} why not short the iwm?
[13:46] {RonS} ...isn't school out?
01[13:46] {@Threei}  almost
01[13:47] {@Threei}  An 18-year-old Pakistani had been shot by her father, uncle, brother and aunt and thrown into the waterway in the city of Hafizabad in Punjab province.
01[13:47] {@Threei}  nice family
[13:47] {Alexs} I read the article Vad, nothing new for me, I left Russia in 2008 actually nothing's changed since that time...
01[13:47] {@Threei}  The victim married her neighbor for love five days ago against the wishes of her family.
01[13:48] {@Threei}  oh I see... having left in 1996, I am more rmoved from those realities
[13:48] {nemo} you adjust your iwm stop yet Vad?
01[13:48] {@Threei}  no
[13:48] {nemo} fine
[13:48] {nemo} be like that
[13:48] {nemo} powt
[13:48] {nemo} pout
01[13:49] {@Threei}  where would you adjust it?
[13:49] {dino} nemo, whats the advantage to shorting iwm vs tza long?
[13:49] {nemo} just asking, then the asshole in me comes out
01[13:49] {@Threei}  just moves wider, dino
[13:49] {nemo} iwm more bang for the buck
[13:50] {nemo} that is unless you have fixed trade costs
[13:50] {nemo} it's very liquid so gappiness, which really isn't a concern of yours, is limited
[13:51] {dino} both thick 22m vs 44m
[13:51] {nemo} wow, watching Sherlock Holmes, the dialogue has a grammatical mistake
01[13:51] {@Threei}  oh the horror
[13:52] {nemo} Yes, this modern era is a travesty
[13:52] {nemo} that frickin' .27 area was support
01[13:52] {@Threei}  Is "Throw me down the stairs my shoes" a good English sentence?
01[13:53] {@Threei}  The answer depends on where you live. Many people in Newfoundland find that sentence perfectly grammatical.
[13:54] {nemo} It's fine
[13:55] {nemo} Not particularly efficient though
[13:55] {nemo} Sherlock said, "Like I said.
[13:55] {nemo} "
[13:55] {nemo} "Like" is a comparison
[13:55] {nemo} He should have said "As I said."
01[13:56] {@Threei}  check yourself nemo:
[13:57] {nemo} I said it wasn't "efficient"
01[13:57] {@Threei}  take the test!
[13:57] {nemo} "Throw MY shoes down the stairs."
01[14:02] {@Threei}  frikin IWM
[14:03] {dino} tza stop .73, -.07
[14:05] {dptl} vlo .45 break short
[14:08] {dptl} if hold .55
[14:17] {RonS} lunch break?  union can't pop for it?
[14:20] {nemo} they're killing the IWM shorts
[14:20] {nemo} going after them again
01[14:35] {@Threei}  hmmm
01[14:36] {@Threei}  some divergencies appear
01[14:36] {@Threei}  SPY retreats noticeably, IWM practically doesn't, FB turns down for real
01[14:36] {@Threei} Short Setup: FB  .30 break
01[14:37] {@Threei}  .c .40
01[14:39] {@Threei}  1:1
01[14:47] {@Threei}  Putin, Cameron start meeting in Paris without handshake
[14:47] {nemo} divergences?
01[14:47] {@Threei}  hey... without fistfight is already a good thing
01[14:48] {@Threei}  considering Putin's proficiency in martial arts, Cameron should be satisfied with no handshake as extreme manifestation of hostility
[14:48] {dptl} got to go..see ya tomorrow all
[14:48] {RonS} cya dp
01[14:49] {@Threei}  take care dp
01[14:50] {@Threei}  ese logged in from picket line
[14:50] {RonS} lol
01[14:50] {@Threei}  at least weather's great :)
[14:58] {Alexs} do you like that C&H FB Vad?
01[15:01] {@Threei}  inverted?
[15:01] {Alexs} yes
01[15:01] {@Threei}  yup
01[15:01] {@Threei}  let's see if it shapes up
01[15:01] {@Threei}  actually, can try aggressive
[15:01] {Alexs} .30 agressive?
01[15:01] {@Threei}  :)
01[15:01] {@Threei}  but watch spy
01[15:01] {@Threei}  don't go in agauinst it
[15:02] {Alexs} I don't go against anybody
[15:03] {nemo} IWM gonna' catch up with the SPY this summer
[15:05] {dino} emes drop
[15:09] {dino} nemo, you ever trade the srty? 2x iwm short
[15:10] {nemo} never heard of it
[15:10] {nemo} ahhh, that's two thin
[15:10] {nemo} too
[15:11] {nemo} .13 spread=Rorschach chart
01[15:17] {@Threei}  got your FB entry alex?
[15:17] {Alexs} yes, and got my stop too
[15:23] {dino} mnk drop'
01[15:25] {@Threei} Long Setup:  IWM  .65 break
01[15:25] {@Threei}  If holds  .55
[15:26] {dino} mnk smr l .54
01[15:27] {@Threei}  Invalidated
[15:27] {dino} out flat, bad entry
01[15:28] {@Threei}  change to .60 break
01[15:28] {@Threei}  If holds  .50
06[15:39] * @Threei kicks IWM in the rear
01[15:39] {@Threei}  1:1  IWM  close enough, half out
[15:41] {goinshort} 1:1 and out - thanks V
01[15:42] {@Threei}  :)
[15:45] {goinshort} thanks all -cya
01[15:46] {@Threei}  take care gs
[15:51] {troub} gn all
[15:52] {dino} gn
01[15:52] {@Threei}  thank you all
01[15:52] {@Threei}  have a great evening, see you tomorrow
[15:55] {thomcbell} good night all