Wednesday, June 11, 2014

June 11 2014

Catch of the day, smooth short into bounce - aggressive entry for descending triangle. Aside of that, another slow but profitable day

Session Time: Wed Jun 11 00:00:00 2014
[08:52] {thomcbell} syna lordie
01[08:58] {@Threei}  wow
[09:05] {RonS} gm...that Cantor primary loss is rather mindblowing...
01[09:05] {@Threei}  morning ron
01[09:05] {@Threei}  sign of fall elections?
[09:06] {dino} gm
01[09:06] {@Threei}  dino :)
[09:06] {RonS} since the position created in 1899 how many times has the person in the position not won primary?  0
01[09:07] {@Threei}  huh
[09:08] {troub} good morning you all
01[09:08] {@Threei}  troub :)
[09:10] {dptl} good morning
01[09:10] {@Threei}  dp :)
01[09:11] {@Threei}  SYNA Guides Q4 higher to R$300-310M v $280Me ($275-295M prior)
[09:15] {RonS} PDSTI to Acquire Montage Technology Group (MONT) for $22.60/Share
[09:17] {dino} mont
[09:19] {dino} sm l .70
[09:19] {nemo} what news
[09:19] {dino} takeover 22.60
[09:24] {Alexs} good morning
01[09:24] {@Threei}  alex :)
[09:28] {dino} these takeovers are strange lately, used to be the the buyers stock dropped and the buyout company jumped. lately both jump
[09:29] {dino} ie syna
[09:30] {nemo} bull market
[09:30] {nemo} signs of the euphoria stage creep in
01[09:31] {@Threei} Long Setup:  FB  .15 break
01[09:31] {@Threei}  If holds  .05
01[09:31] {@Threei}  1:1
[09:32] {nemo} pivot was .02
[09:32] {dino} mont stop is .59
01[09:34] {@Threei}  1:2
[09:34] {nemo} GS added amzn to conviction buy list, so they're looking to get out
01[09:35] {@Threei}  you get convicted for buying it?
[09:36] {Alexs} lol
[09:36] {nemo} don't quit your day job for comedy
01[09:36] {@Threei}  :(
01[09:36] {@Threei} Short Setup: EBAY  .30 break
01[09:36] {@Threei}  If holds  .35
[09:38] {dino} syna, you'd think they were being acquired
01[09:39] {@Threei}  SYNA isgood guidance also
01[09:40] {@Threei} Long Setup:  CAT  .80 break
[09:40] {thomcbell} they arent in the iphone
01[09:40] {@Threei}  If holds  .70
[09:40] {thomcbell} they bought an apple supplier
[09:41] {Alexs} you doing CAT full lot Vad?
01[09:41] {@Threei}  yeah
[09:41] {Alexs} spread 4 cents
01[09:41] {@Threei}  spread is jumping, but overall it's manageable
01[09:42] {@Threei}  doesn't move too wide
[09:42] {dptl} wfm .50 break short if holds .60
[09:42] {Alexs} I covered EBAY just at .40
[09:43] {dino} tbbk hl l .45, stop .23
01[09:44] {@Threei}  1:1
[09:49] {dino} unfi smr l .15
01[09:52] {@Threei} Short Setup: P  .70 break
01[09:52] {@Threei}  If holds  .80
01[09:52] {@Threei}  that was fast 1:1
01[09:52] {@Threei}  anyone got it?
[09:58] {Alexs} I did
[09:59] {dino} tbbk to .69
01[09:59] {@Threei}  :)
[09:59] {dino} to .79
[10:00] {dino} out tbbk .85, +.40
01[10:02] {@Threei} Short Setup: AAPL  .60 break
01[10:03] {@Threei}  If holds  .70
[10:03] {nemo} it's gonna test the highs
01[10:08] {@Threei}  trail to .66
01[10:11] {@Threei}  meh
01[10:12] {@Threei} Long Setup:  WMT  .40 break
01[10:12] {@Threei}  If holds  .35
[10:12] {nemo} oh jeez
01[10:15] {@Threei}  Invalidated
01[10:15] {@Threei}  ?
[10:15] {nemo} this belly button lint is difficult
[10:16] {dino} gild leftovers to .18
[10:16] {dino} apc spike
[10:16] {thomcbell} takeover rumor apc
[10:16] {nemo} unp drop of .35 looks good
[10:17] {thomcbell} mu 30.40 long break if holding 30.30
[10:17] {dino} ty
[10:17] {thomcbell} vwap right here though
[10:17] {nemo} .45 stop
01[10:17] {@Threei} Short Setup: IWM  .20 break
01[10:18] {@Threei}  If holds  .28
[10:18] {nemo} love those "buy the new low" algos
[10:19] {nemo} well that's what I get for shorting a dull market
01[10:21] {@Threei}  stop to .26
[10:21] {dino} smr l .80 apcapc smr s .61
[10:22] {Alexs} is it an agressive entry for .10 Vad?
[10:23] {dino} cov apc .01, +.60
[10:23] {thomcbell} mu 1:1
[10:24] {dino} gild to .40
01[10:24] {@Threei}  yes alex
01[10:24] {@Threei}  1:1
01[10:25] {@Threei}  original idea appeared at 10:15 when it consolidated for .10 break
01[10:25] {@Threei}  1:2
[10:25] {thomcbell} mu that was all she had
[10:26] {Alexs} I see thanks
01[10:26] {@Threei}  when it moved over .20, idea changed to aggressive, descending traingle
[10:26] {nemo} unp rinse
[10:29] {dptl} short coh .94
01[10:29] {@Threei}  (US) Senate fails to pass procedural measure to move forward legislation that would allow student loan borrwers to refinance at lower rates
01[10:30] {@Threei}  frikin AAPL rinsed
[10:30] {dptl} will add on .90 break..stop above 39
01[10:30] {@Threei}  1:3  IWM
01[10:30] {@Threei}  out
[10:31] {dino} mont stuck, to b/e
01[10:31] {@Threei}  APC Strength attributed to continued M&A speculation following Tronix settlement earlier this year- Todays chatter suggests Exxon is a plausible suitor as the majors look to access the Eagle Ford basin. - Earlier today CNBC's Faber and Cramer discussed recent aggressive out of the money call buying.
[10:31] {dino} gild hit trail at .45, +.97 from yesteray
[10:32] {Alexs} nice call IWM Vad
01[10:32] {@Threei}  ty
[10:34] {dptl} short more coh
[10:35] {Alexs} AAPL short .50?
[10:36] {dino} psxp?
01[10:37] {@Threei}  not sure alex, can't twll
[10:40] {dptl} covering coh ...first part out
[10:41] {dptl} stop to .92
[10:43] {Alexs} gj coh dp
[10:44] {dptl} :)
[10:47] {RonS} emes pulp again
[10:48] {dino} that things crazy
[10:56] {dino} gild wants that monday gap
[11:06] {dino} agtc drop
[11:10] {dino} mmyt spike
[11:18] {dino} things slowing down, just like last few days. most likely another boring afternoon
01[11:22] {@Threei}  - Today investors are consolidating gains that pushed European and US indices out to all-time highs over recent sessions. European indices are looking to close near their lows and US indices are seeing modest declines. Overall trading volumes are anemic
01[11:23] {@Threei}  - Iraq is a source of major concern this morning after Mosul, the country's second-largest city, fell to islamist insurgents under the ISIS banner. Note that ISIS has become a major force fighting the Syrian government. This morning there are reports that fighting is raging across western Iraq
01[11:24] {@Threei} Short Setup: C  .85 break
01[11:24] {@Threei}  If holds  .95
[11:27] {dino} terrible the way we just walked away from that victory
01[11:28] {@Threei}  snatched defeat from the jaws of victory
[11:28] {dino} "w" had it, "o" gave it away
01[11:28] {@Threei}  and giess who is a hero
[11:29] {dino} ron reagan
[11:32] {dino} lol i read that wrong, thought you wrote who is my hero.
[11:33] {nemo} aapl weak
[11:33] {dino} but yeah, they love obummer for ruining democracy chances all over the world
[11:47] {dino} this weather crazy, 60 degrees out, about 22 degrees below normal.
[11:48] {dino} think we've had 2 days in the 80s
[11:48] {dino} unfi drop
01[11:49] {@Threei}  ALIBABA.IPO New IPO filing to come as early as next week - CNBC
01[11:49] {@Threei}  stop to .91
[12:13] {dino} nus spike
[12:18] {nemo} wake me up in September
[12:19] {dino} ditto
01[12:22] {@Threei}  panikers
01[12:23] {@Threei}  if I haven't listened to nemo, I would call SLW short at .75
01[12:24] {@Threei}  half out C
01[12:24] {@Threei}  stop .87
[12:24] {dptl} will it take that bid c?
01[12:25] {@Threei}  it will
01[12:25] {@Threei}  or niot
01[12:26] {@Threei}  CAT *INCREASES DIVIDEND 17%
01[12:27] {@Threei}  Lululemon athletica inc Issues Statement in Responce to Founder Chip Wilson Contrary to Mr. Wilson's assertions, lululemons Board members are aligned with the Companys core values and possess the necessary expertise to successfully lead lululemon forward.
01[12:27] {@Threei}  amazing
01[12:27] {@Threei}  company fights its founder
01[12:27] {@Threei}  and board says they are more aligned with company values than the founder himself
01[12:28] {@Threei}  and all this hoopla started because he once said that not every bottom matches their pants
01[12:29] {@Threei}  which apparently was horribly politically incorrect thing to say
[12:30] {dptl} out c
[12:31] {nemo} were u using my name in vain?
01[12:34] {@Threei}  GLD got smacked
01[12:37] {@Threei} Long Setup:  CAT  .75 break
01[12:37] {@Threei}  aggressive for .80
01[12:38] {@Threei}  If holds  .68
01[12:40] {@Threei}  Invalidated
[12:47] {dino} well this is too much fun (not). going to go play golf. gl & cya tomorrow
01[12:49] {@Threei}  take care dino
01[13:01] {@Threei} Short Setup: GLD  .35 break
01[13:01] {@Threei}  If holds  .40
01[13:11] {@Threei}  C slowly eating at that .77 bid
01[13:13] {@Threei}  broke
01[13:15] {@Threei}  when you have a few minutes...
01[13:15] {@Threei}  amazes me... propaganda can do anything to people
01[13:16] {@Threei}  call black white, deny gravity, make them believe that oceans are dry and land is wet, and whatever you want
01[13:16] {@Threei}  why didn't we make CAT two-sided
[13:19] {dptl} thinking to short vlo here
[13:22] {dptl} stop above .50
[13:23] {Alexs} I think Vad it's not just propaganda
[13:23] {Alexs} west contributed too
01[13:24] {@Threei}  whatever west does, there should be serious machine working 24/7 to make 20 years old believe that life in USSR was great, and that the workld should be afraid of them
01[13:25] {@Threei}  you either bring them up in the spirit of cooperation with the world, or in the spirit of fighting
[13:25] {Alexs} nobody cares about USSR I mean young people
01[13:25] {@Threei}  I am talking about this article
01[13:26] {@Threei}  I haven't pooled russian youth
[13:26] {Alexs} what they see that west consider them as second-class people
01[13:26] {@Threei}  how?
[13:27] {Alexs} all those stupid visa restrictions for ordinary people
01[13:27] {@Threei}  they are hired by western companies
01[13:27] {@Threei}  paod well
01[13:27] {@Threei}  travel all over the world
01[13:27] {@Threei}  I know quite a few working for Apple, Microsoft etc
[13:28] {Alexs} you know what it takes to get visa to US from Russia?
01[13:28] {@Threei}  USA has visa regime for most of the world
01[13:28] {@Threei}  so what
01[13:28] {@Threei}  if they asre insulted by that...
[13:29] {Alexs} it makes people jealous
01[13:29] {@Threei}  and btw, those guys I just mentioned get their visas with no problem
[13:30] {Alexs} I got visa to US the third attempt
01[13:31] {@Threei}  OK, so that's it? they are in confrontation with the world and in love with Putin because of USA visa regime?
01[13:31] {@Threei}  and with Europe? because of Konchita Wurst?
[13:31] {Alexs} no it's just one example
[13:44] {nathan} g afternon
01[13:45] {@Threei}  hey nathan
[13:45] {nathan} nice IWM this morning
01[13:45] {@Threei}  yup, that was today's star
01[13:45] {@Threei}  falling star at that
[13:45] {nathan} better than yesterday?
01[13:46] {@Threei}  today's less active
01[13:46] {@Threei}  now, here is one man who should just shut up and never utter a word about Ukraine:
01[13:46] {@Threei}  US Vice President Biden supports Poroshenko's peace plan for eastern Ukraine
01[13:47] {@Threei}  imbecile
[13:47] {nathan} what's his personal interest on it? i bet he has one
[13:47] {dptl} half out vlo
01[13:48] {@Threei}  his son took prominent position in ukrainian energy company a few weeks ago
[13:49] {Alexs} nobody's seen that plan yet as I know
01[13:49] {@Threei}  talk about conflict of interests and bad public image...
01[13:49] {@Threei}  why, it's published
[13:49] {Alexs} when?
01[13:49] {@Threei}  couple days ago
[13:50] {Alexs} what the plan? something new?
01[13:51] {@Threei}  as first phase, free corridor for a week allowing separatists to leave for Russia without weapons
[13:51] {Alexs} lol
01[13:51] {@Threei}  guaranteed, controlled and monitorwed by three sides
01[13:52] {@Threei}  after that, full scale attack on those who elected to remain
[13:53] {Alexs} I don't think it will work that way
01[13:53] {@Threei}  nope
01[13:53] {@Threei}  they won't take it, and he won't order such attack
01[13:53] {@Threei}  which is a good compromise...
01[13:53] {@Threei}  much like in that old joke
[13:54] {Alexs} I thought he proposed a real plan
01[13:54] {@Threei}  where employee demanded salary increase or he would leave
01[13:54] {@Threei}  they compromised: boss didn't raise his salary, and he didn't leave
[13:54] {Alexs} lol
01[13:55] {@Threei}  what real plan is possible in this situation?
01[13:55] {@Threei}  they won't settle for less than separation
01[13:55] {@Threei}  he can't agree to that
01[13:55] {@Threei}  the rest is immaterial
01[13:55] {@Threei}  fighting will continue
01[13:56] {@Threei}  he is trying to save good face by offering chance for peaceful exit
01[13:56] {@Threei}  otherwise he will look bloodthristy
01[13:56] {@Threei}  that's all
[13:56] {Alexs} and what they get by fighting?
01[13:56] {@Threei}  ok C, give us 1:2
[13:57] {dptl} out rest vlo +.31
01[13:57] {@Threei}  what they get or what they hope to get?
01[13:57] {@Threei}  wtg dp
[13:57] {dptl} :)
[13:58] {Alexs} more people will die that's it
01[13:58] {@Threei}  they don't care
[13:58] {Alexs} he can't win by fighting
[13:59] {Alexs} I'm talking about Poroshenko
01[13:59] {@Threei}  *(US) MAY MONTHLY BUDGET STATEMENT: -$129.97B V -$130.5BE- Receipts: $199.9B v $197.2B y/y- Outlays: $329.9B v $335.9B y/y
01[13:59] {@Threei}  you have an idea for him?
01[14:00] {@Threei}  TGT *RAISES DIVIDEND 21% TO $0.52 FROM $0.43
[14:01] {Alexs} if you can't win you should negotiate, the erlier the better or later you will lose harder
01[14:06] {@Threei}  good luck negotiang with those who don't
[14:09] {Alexs} sooner or later Poroshenko will seat with the separatists no other way out of this you'll see
01[14:11] {@Threei}  of course he will
[14:11] {Alexs} and the later he does it more shameful it will be
[14:11] {dptl} long p here
01[14:12] {@Threei}  you are making a mistake thinking of them as a side that makes decisions
01[14:12] {@Threei}  they don't
01[14:12] {@Threei}  they do what they are told
01[14:12] {@Threei}  they will sit down and talk to him when Putin has him where he wants him
[14:13] {Alexs} they don't but Russia uses them as a frontmen
01[14:13] {@Threei}  he offered negotiations on day 1, they decline so far
[14:13] {dptl} half out
01[14:13] {@Threei}  what else do you want him to do?
01[14:13] {@Threei}  he waits till they are told to sit down and talk
01[14:14] {@Threei}  menahwile he tries to press them militarily
[14:15] {Alexs} Putin called for stop of military operation from ukrainians and finally he will get it
01[14:15] {@Threei}  C stop to .81
01[14:17] {@Threei}  to .76 now
[14:18] {Alexs} and if ukrainians lose more people and after that stop operation it will be worse
01[14:19] {@Threei}  I still haven't heard what you recommend him to do when the only real demand on the table is to acknowledge independence of two provinces
[14:21] {Alexs} I bet Russia doesn't need those provinces, Putin is not crazy
01[14:21] {@Threei}  I said independence from ukraine, not joining russia
01[14:22] {@Threei}  1:2  C
[14:22] {Alexs} it's the same thing currently
01[14:22] {@Threei}  this is their only demand on the table
01[14:22] {@Threei}  what should he dio?
[14:23] {Alexs} first stop operation
[14:23] {Alexs} second start negotiation with russia and separatists
01[14:24] {@Threei}  They put their main demand on the table: Acknowldge independence. Your next step?
[14:26] {Alexs} Putin just need to be seen as a peacemaker he doeasn't need that independence bull
01[14:26] {@Threei}  you masterfully avoid answerring :)
01[14:27] {@Threei}  but that's exactly the problem Poroshenko faces. Their only real demand is the one he can't meet
[14:28] {Alexs} he hasn't negotiated with anybody yet Vad he should start the process
[14:29] {RonS} he should hire Jack Bauer and get the whole thing solved in a day...
01[14:30] {@Threei}  watching IWM for pullback entry
01[14:30] {@Threei}  24 hours, done
[14:38] {nemo} indexes long here to vwap might be good play
01[14:39] {@Threei} Long Setup:  IWM  .75 break
01[14:39] {@Threei}  no pullback to speak of
01[14:39] {@Threei}  wanted t least .65 but it didn't een reach that
[14:42] {Alexs} stop .64?
01[14:42] {@Threei}  for now, yes
[14:43] {nemo} finnies dont look good at the moment
01[14:46] {@Threei}  1:1
[14:46] {nemo} there ya go
[14:49] {nemo} spy bottomed at S3 daily, and you had the gap fill .02 below that
06[15:06] * @Threei kicks IWM in the rear
01[15:12] {@Threei}  1:2
[15:14] {nathan} gn all
[15:14] {nathan} take care
[15:14] {nemo} spy iwm and finnies having problems with vwap
01[15:15] {@Threei}  take care nathan'
[15:15] {dptl} see ya tomorrow
01[15:15] {@Threei}  dp :)
01[15:16] {@Threei}  what's with grab your money and run mentality?? MG}
[15:18] {Alexs} lol
01[15:20] {@Threei} Short Setup: SLW  .75 break
01[15:20] {@Threei}  If holds  .80
[15:22] {Alexs} doubt we finish that trade today :)
01[15:23] {@Threei}  of course we will... how is another matter
[15:23] {Alexs} lol right
[15:25] {Alexs} IWM is the best mover currently
[15:26] {Alexs} .96 long?
01[15:27] {@Threei}  not sure
01[15:30] {@Threei}  SLW trade neds different wording: we may not get a chance to START this trade today, lol
[15:42] {fish_49} Good Afternoon all
[15:42] {fish_49} Raven you around?
01[15:42] {@Threei}  hey fish
[15:42] {Alexs} fish:)
[15:43] {fish_49} I'm told this is a blue heron ..  But I can't find any pics on the web of blue heron wearing this party hat...
[15:43] {fish_49} Hey Alex
[15:43] {fish_49} Thought for sure Raven would know.
01[15:43] {@Threei}  party hat?
[15:43] {nemo} he's channeling Les
[15:43] {fish_49}
01[15:43] {@Threei}  it's a blue heron
[15:44] {fish_49} lol  
01[15:44] {@Threei}  stop to .76
[15:45] {fish_49} oh you're in a trade  sorry about that
01[15:45] {@Threei}  that's fine,. it's a slow one
01[15:45] {@Threei}  and risk is zero
[15:45] {fish_49} great kind of trade.....
01[15:46] {@Threei}  good day too
[15:46] {fish_49} many 1:3's?
01[15:47] {@Threei}  couple... and 1:2ers
[15:47] {fish_49} awesome.
01[15:47] {@Threei}  slow but steady
[15:47] {fish_49} Nemo behaving?  who does he pick on these days?
01[15:47] {@Threei}  he is cannibalizing
[15:48] {fish_49} ohhhhh
01[15:48] {@Threei}  last I checked, he chewed through his left arm
[15:48] {fish_49} Dino made his millions and already logged out for the day?
01[15:48] {@Threei}  and accidenatlly pierced the throat of a lady resting on it
[15:48] {fish_49} Ron raking in the doe lately?
01[15:49] {@Threei}  yeah, about an hour or two ago
[15:49] {fish_49} OHHH one of those girls?  He chewed off his arm so he wouldn't wake her?
01[15:50] {@Threei}  I guess
01[15:52] {@Threei}  ok guys, thank you all
01[15:52] {@Threei}  have a good evening, see you tomorrow
[15:52] {fish_49} have a great night
[15:54] {nemo} doe is a female dear isn't it?