Wednesday, July 9, 2014

July 09 2014

Love for the bear market, 1:4 FB - and that's after a few 1:2s on CAT, FB etc.


Session Time: Wed Jul 09 00:00:00 2014
01[09:14] {@Threei}  -NQ +13.0% (reiterates internal investigation found no evidence of fraudulent conduct)
01[09:14] {@Threei}  -LXRX +9.6% (announcement of Phase 2 Clinical Trial Of LX4211)
01[09:14] {@Threei}  -SGMO +8.4% (no news seen)
01[09:14] {@Threei}  -AAL +5.6% (traffic & FY14 capacity guidance)
01[09:14] {@Threei}  -GIMO -32.7% (cut guidance)
01[09:14] {@Threei}  -TCS -15.1% (post earnings)
01[09:14] {@Threei}  -MSM -5.8% (earnings miss)
[09:16] {RonS} gm...thanks for posting 3i
01[09:16] {@Threei}  Ron :)
01[09:17] {@Threei}  -DAL +3.1% (AAL FY14 capacity guidance)
01[09:17] {@Threei}  -AA +2.4% (post earnings)
01[09:17] {@Threei}  -RAI +1.9 (takeover chatter from British American Tobacco)
01[09:17] {@Threei}  -AMX +3.5% (looking to sell assets to bring down Mexico mkt share)
01[09:17] {@Threei}  -SIMG -10% (guidance)
01[09:17] {@Threei}  GIMO, this is brutal
[09:18] {troub} good morning you all
01[09:18] {@Threei}  troub :)
[09:19] {RonS} gimo ceo said miss due to inability to close deals....well, duh....
01[09:20] {@Threei}  lol
[09:27] {ese} mornng
[09:27] {nemo} frickin' Marxist
[09:28] {ese} and you should have heard me at vads on saturday with about 4 vodka shots in me
01[09:28] {@Threei}  ese :)
[09:29] {ese} one of the shiskabob skewers was almost used on me
01[09:29] {@Threei}  full of meat, no less
[09:29] {ese} most dangerous barbecue i've ever been too
01[09:30] {@Threei} Short Setup: FB  .40 break hl
01[09:30] {@Threei}  If holds  .50
01[09:30] {@Threei}  Invalidated
[09:30] {nemo} resistance around .60ish
01[09:32] {@Threei} Short Setup: TWTR  38 break
01[09:32] {@Threei}  If holds  .10
01[09:32] {@Threei}  change to .05 break
01[09:32] {@Threei}  .13 stop
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  lol
01[09:35] {@Threei} Long Setup:  FB  .65 break
01[09:35] {@Threei}  If holds  .55
01[09:35] {@Threei}  ummm
01[09:35] {@Threei}  that was beyond fast
[09:35] {nemo} getting old Vad
01[09:35] {@Threei}  ok... I assume you got it
01[09:35] {@Threei}  1:1
[09:36] {nemo} nah, just bustin'
01[09:36] {@Threei}  1:2
01[09:36] {@Threei}  (for nemo)
[09:37] {nemo} got internet guy coming later
01[09:37] {@Threei}  we don't want to know
[09:37] {nemo} frickin' thing dies around dusk, and comes back to life around 8:00 am
[09:37] {nemo} too late
01[09:38] {@Threei} Long Setup:  DAL  .35 break
01[09:38] {@Threei}  If holds  .25
01[09:39] {@Threei}  1:1
[09:40] {ese} gimo serious haircut..... dn32%
01[09:40] {@Threei}  cut guidance
[09:41] {ese} ya
[09:41] {nemo} Fed Minutes today
01[09:41] {@Threei}  MU Hearing weakness attributed to cautious comments from Morgan Stanley
01[09:42] {@Threei} Long Setup:  TWTR  .20 break
01[09:42] {@Threei}  If holds  .10
01[09:43] {@Threei}  to .14
01[09:43] {@Threei}  out
01[09:44] {@Threei}  FB Wedbush reiterates Outperform rating, price target $80
01[09:45] {@Threei}  rinse
01[09:45] {@Threei} Long Setup:  FB  64 break
01[09:46] {@Threei}  late
01[09:46] {@Threei}  valid again
01[09:46] {@Threei}  If holds  .90
01[09:46] {@Threei}  1:1
[09:47] {nemo} should get .30
01[09:51] {@Threei} Long Setup:  DAL  .15 break
01[09:51] {@Threei}  If holds  .05
01[09:53] {@Threei} Short Setup: CAT  .70 break
01[09:53] {@Threei}  If holds  .80
01[09:54] {@Threei} Short Setup: FB  .90 break
01[09:54] {@Threei}  If holds  64
01[09:55] {@Threei}  1:1
01[09:55] {@Threei}  let's see if we repeat yesterday... when selling started it became quite relentless
01[09:55] {@Threei}  1:2
01[09:58] {@Threei}  1:1  CAT
01[10:00] {@Threei}  1:2
01[10:00] {@Threei}  purrrrfect
[10:00] {nemo} ese...rimshot please
01[10:01] {@Threei}  kidding? he won't be able to say word "vodka" without gagging for the next 6 months
[10:01] {nemo} he does that with "water"
01[10:02] {@Threei}  but I have to give it to him: singing "International" after 4th shot perfectly in tune
01[10:03] {@Threei}  ok, I know you are going to laugh, but:
01[10:03] {@Threei}  US, France demand Russia de-escalate situation in Ukraine, threaten sanctions
01[10:04] {@Threei}  PARIS - French prosecutors want activists who bared their breasts in Notre Dame Cathedral to pay thousands of euros in fines for damages.
01[10:04] {@Threei}  what damages?
01[10:04] {@Threei}  what did they manage to damage with those breasts??
[10:04] {goinshort} finally found some RU STD gold + platinum -very nice!
[10:04] {nemo} mmmhhhh....I shall refrain
01[10:06] {@Threei} Short Setup: FB  .70 break
01[10:06] {@Threei}  If holds  .80
01[10:08] {@Threei}  1:1
01[10:09] {@Threei}  1:2
01[10:09] {@Threei}  got it right about selling so far
01[10:10] {@Threei}  1:3
01[10:10] {@Threei}  man... how I love bear markets
01[10:10] {@Threei}  it's not even real bear yet
01[10:10] {@Threei}  1:4
01[10:10] {@Threei}  out
01[10:11] {@Threei}  just first signs of selling
01[10:11] {@Threei}  and already it produces such trades
[10:17] {nemo} DE probably good to the 88.20 area
[10:17] {nemo} I'll be going off line in a few minutes
01[10:18] {@Threei}  sure... internet guy is there
[10:18] {nemo} almost, and his accent:  couldn't understand an Fffn word
[10:19] {nemo} I wonder if I should start digging now?
[10:22] {nemo} quiet already before the minutes
[10:39] {ese} bab dap bap ..late rim shot
01[10:40] {@Threei}  speaking of which, gs... this time we had Iceberg
01[10:41] {@Threei}  different taste direction that Russian Standard, but very nice
[10:41] {ese} vodka.....I wouldn't have been ablet to tell the difference
[10:42] {ese} I want to see those breasts.......had to make a decision for damages without visual inspection
[10:42] {ese} hard not had
01[10:43] {@Threei}  if you tried both next to each other, you'd be able to tell the difference
[10:43] {ese} takeover chatter around AKAM.....interesting
[10:50] {nemo} well, just as I suspected, they found nothing
01[10:51] {@Threei}  no explanation fir the slowdown?
[10:52] {nemo} no, signals are all good right now, they won't go bad after dark.  They think my theory of moisture is the best
[10:52] {nemo} condenses after dark, causing signal decay
01[11:22] {@Threei} Long Setup:  FB  .15 break hl
01[11:22] {@Threei}  If holds  .05
01[11:34] {@Threei}  meh
[11:51] {nemo} any body awake?
01[11:51] {@Threei}  mine isn't
[11:52] {nemo} esrx may be short on a break down, or possibly around .45
[12:09] {nemo} mon and de look weak
[12:09] {nemo} esrx getting the hft jitters in this .40 area
[12:17] {nemo} dropped the .45 area, just given the fed and time of day, might be more risk than reward
[13:01] {nemo} frickin spy...which way
[13:03] {nemo} would it be over the top that I wouldn't mind all the Kardashians being killed in a plane crash?
01[13:04] {@Threei}  you realize how many of them are out there?
[13:04] {nemo} ahhh...yeah
[13:05] {nemo} they're like a sign of the Apocalypse
01[13:10] {@Threei} Long Setup:  IWM  .45 break
01[13:10] {@Threei}  If holds  .40
[13:11] {nemo} it's right up against vwap
[13:13] {RonS} heard a new phrase today... vwaping
01[13:14] {@Threei}  lol
01[13:14] {@Threei}  "vaping" is smoking e-cigarette
01[13:14] {@Threei}  1:1
01[13:17] {@Threei}  btw, appearance of e-cigarettes helped coin a term "analogue cigarette..." never thought of it as analogue, lol
[13:23] {goinshort} IWM - nice call -thanks!
01[13:23] {@Threei}  :)
01[13:26] {@Threei}  (IL) Israel military comments that militants in Gaza have launched rockets at the Dimona nuclear reactor, though no damage has been reported
01[13:26] {@Threei}  great
[13:27] {nemo} Katusha's won't do squat to that
01[13:27] {@Threei}  (US) House Republicans to introduce bill on July 10th to force the Federal Reserve to adopt strict rules to guide its monetary policy or else face an audit - The Hill The bill would require the Fed to make decisions on interest rate movements based on a specific, public equation that is based on inflation and economic data. Such a provision would tie the hands of Fed officials further, while advocates of such a rule-based approach say it would provide clarity to the public about how the Fed will operate. The Fed would also face significant restrictions on its regulatory efforts, as any new rules written by the central bank would have to undergo cost-benefit analysis before taking effect. The legislation would also require the head of the Fed to testify twice as often before the Financial Services and Senate Banking committees, appearing four times a year before each.
01[13:28] {@Threei}  you know how that goes... there is some little window somewhere that is not supposed to be open ever... and someone opens it to have a smoke... and missile flies right in
01[13:28] {@Threei}  Murphy law
[13:29] {nemo} Sod's law is the British version
01[13:29] {@Threei}  "one in a million chance doc"
[13:29] {nemo} the old "golden bb"
[13:33] {nemo} bbry
[13:38] {nemo} petm drop of .50 stop above .55 looks good
[13:41] {nemo} Qs new highs
[13:43] {nemo} this will probably do nothing into Fed
[13:43] {nemo} lotta dark pool activity those FADF trades
[13:44] {nemo} look at those 1 4 1 3 share trades
01[13:48] {@Threei}  NFLX Wins bid over Amazon to acquire the video on demand rights to "Zoo" series from CBS following the end of its run on the network next year
[13:52] {nemo} petm gonna' be a rinse?
01[13:52] {@Threei}  looks good to me as long still
[13:53] {nemo} yeah, could go to vwap
[13:54] {nemo} break of .60 but look at the time
[13:58] {nemo} indexes starting to get a short look, but we should get the Fed "Cha, Cha, Cha"
01[14:00] {@Threei}  *(US) MINUTES OF THE JUNE 17-18 FOMC MEETING: OFFICIALS FELT USE OF OVERNIGHT REVERSE REPOS COULD BE USEFUL IN NORMALIZING POLICY
[14:00] {nemo} Fed Minutes: QE likely to end with final $15 billion reduction in October
[14:00] {nemo} petm drop of .50 looking good again
01[14:01] {@Threei} Short Setup: GLD  .30 break
01[14:01] {@Threei}  If holds  .40
[14:01] {nemo} blasphemy shorting real money
01[14:02] {@Threei}  Invalidated
[14:02] {nemo} o.k. if "Cha, Cha, Cha," theory correct we're going down
[14:05] {nemo} if petm gets trhogh that swing low, methinks the whole number is in it's future
[14:06] {nemo} so far the "Cha, Cha, Cha"  theory holds
[14:08] {nemo} I love animals, but I could learn to hate PetSmart
[14:08] {nemo} don't tell bunny
01[14:09] {@Threei}  at least not right now
01[14:09] {@Threei}  keep it to blackmail nemo
[14:09] {nemo} too funny, I laid down on the floor yesterday and nodded off.  I wake up and she's stretched out beside me...cracked me up
[14:11] {nemo} still, never forget the image of my 81 year old father with an oxygen bottle in one hand, trying to shake bunny of his other leg
[14:12] {nemo} an attack rabbit...whoda' thunk
[14:12] {nemo} Monty Python had it right
[14:20] {nemo} wow that's some uniform movement on spy
01[14:24] {@Threei} Short Setup: GLD  .50 break
01[14:25] {@Threei}  If holds  .57
[14:26] {nemo} spy into the gap
01[14:32] {@Threei}  nah
01[14:33] {@Threei}  wow
01[14:33] {@Threei}  what the deuce
01[14:41] {@Threei}  you may laugh but
01[14:41] {@Threei}  EU Council meeting ends without approving anti-Russian sanctions
01[15:07] {@Threei} Short Setup: GLD  128 break
01[15:07] {@Threei}  If holds  .10
[15:08] {nemo} you and your fixation
01[15:10] {@Threei}  what fixation
[15:10] {nemo} gold
01[15:10] {@Threei}  C&H failure
01[15:10] {@Threei}  GLD showing tendency of SPY fading today
01[15:10] {@Threei}  SPY going up
[15:10] {nemo} try that again
01[15:11] {@Threei}  I don't trade on fixations, I trade setups
[15:11] {nemo} hehehehe
06[15:12] * @Threei slaps nemo around a bit with a large chart of uptrending market
06[15:12] * nemo slaps Vad around with a flat VWAP
06[15:21] * nemo slaps Vad around with a bottle of Tito's
06[15:21] * nemo slaps Vad around with a bottle of Pierre Ferrand
01[15:22] {@Threei} Short Setup: FB  .90 break
01[15:22] {@Threei}  If holds  65
06[15:23] * nemo slaps Vad around with a facebook emotion modification experiment
[15:25] {nemo} we need somebody to bomb Berlin get the market moving
01[15:25] {@Threei}  or Paris
[15:25] {nemo} preferably
01[15:27] {@Threei}  stop .96
01[15:27] {@Threei}  1 cent to 1:1
[15:28] {nemo} afternoons suck
01[15:29] {@Threei}  yeah, gotta take whatever is there
01[15:37] {@Threei}  rinse
01[15:37] {@Threei}  grrr
[15:38] {nemo} yeah, can't get .10 anywhere
[15:40] {nemo} ahhh...Yellowstone caldera is twice as big as originally thought
[15:40] {goinshort} anyone take PETM?
[15:40] {nemo} yeah....the wrong way
[15:41] {RonS} when that thing blows civilization will end...
[15:41] {nemo} civilization already ended...everything will die
01[15:41] {@Threei}  that could start bear market
[15:42] {RonS} lol
01[15:42] {@Threei}  :)
[15:42] {nemo} nah, bad news is bought
01[15:42] {@Threei}  how end of civilization is bad news?
[15:42] {nemo} fine by me
[15:42] {nemo} me and bunny head to the mountains
[15:43] {nemo} this petsmart move is all on looking for a buyer...wtf
[15:45] {goinshort} that's all - cya tomorrow
01[15:49] {@Threei}  thank you all, have a good evening
01[15:49] {@Threei}  see you tomorrow