Wednesday, July 23, 2014

July 23 2014

A few too many rinses in the afternoon, finishing negative despite nice trades in the morning

Session Time: Wed Jul 23 00:00:00 2014
[09:00] {RonS} gm...wonder if dino will short pbyi today?  :)
01[09:01] {@Threei}  morning ron
01[09:01] {@Threei}  lol
01[09:02] {@Threei}  I don't think I've ever seen such persentage
01[09:02] {@Threei}  umm, wait
01[09:02] {@Threei}  ENMD... from 10 to 80
01[09:02] {@Threei}  1999 or so
01[09:03] {@Threei}  it's the dollar gap that is most impressive in this case
01[09:12] {@Threei}  dino saw PBYI and fainted :)
[09:12] {dino} gm
01[09:12] {@Threei}  ah, here he is
01[09:12] {@Threei}  morning :)
[09:13] {troub} good morning you all
01[09:13] {@Threei}  troub :)
[09:14] {Thomcbell} Gm
01[09:14] {@Threei}  thom :)
01[09:14] {@Threei}  Upside:
01[09:14] {@Threei}  -PBYI +261.0% (positive results from the Phase III clinical trial of Puma's investigational drug PB272 (neratinib) in the ExteNet trial)
01[09:14] {@Threei}  -DRL +15.7% (SC ruling in lawsuit against Puerto Rico Treasury)
01[09:14] {@Threei}  -ISRG +12.2% (earnings, guidance on FY14 procedure growth)
01[09:14] {@Threei}  -TLM +11.1% (Repsol rumored to be considering bid)
01[09:14] {@Threei}  -BIIB +7.0% (earnings)
01[09:14] {@Threei}  -BRCM +3.9% (earnings)
01[09:14] {@Threei}  -XLNX -13.3% (earnings)
01[09:14] {@Threei}  -JNPR -7.1% (earnings)
01[09:14] {@Threei}  -GSK -4.0% (earnings)
01[09:14] {@Threei}  -IRBT -3.3% (earnings)
01[09:14] {@Threei}  -EA -1.4% (earnings)
01[09:14] {@Threei}  -MEET -12% (earnings)
[09:19] {RonS} INO
01[09:26] {@Threei}  FB, .70 - 80 two-sided setup for the open, half lot
01[09:30] {@Threei} Short Setup: FB  .70 break hl
01[09:30] {@Threei}  If holds  .80
01[09:32] {@Threei}  stop to .76
01[09:33] {@Threei}  1/2 meh
01[09:35] {@Threei} Short Setup: TWTR  .60 break
01[09:35] {@Threei}  If holds  .70
01[09:37] {@Threei}  hmmm
[09:38] {RonS} Rebels shoot down two Ukrainian fighter jets near #MH17 crash site: http://bloom.bg/1tzDBqE
01[09:38] {@Threei}  yeah, overnight
01[09:39] {@Threei} Long Setup:  IWM  .80 break
01[09:39] {@Threei}  too fast...
01[09:39] {@Threei}  in on pullback
01[09:40] {@Threei}  If holds  .70
01[09:40] {@Threei}  what the deuce
01[09:40] {@Threei}  I liked yesterday much more
01[09:43] {@Threei}  FB doesn't care about market
[09:43] {nemo} earnings tonight
01[09:48] {@Threei} Long Setup:  FB  ,15 break
01[09:48] {@Threei}  If holds  .05
01[09:50] {@Threei}  1:1
01[09:53] {@Threei}  1:2
01[09:54] {@Threei}  1:3
01[09:55] {@Threei}  out in full
01[09:55] {@Threei}  finally got the right one
[09:55] {dino} gj
01[09:56] {@Threei}  ty
[09:57] {troub} nice vad
01[09:57] {@Threei}  :)
[09:58] {troub} and you spelled FB right :)
01[09:59] {@Threei}  that's a bonus!
01[10:00] {@Threei}  (EU) EURO ZONE JULY ADVANCE CONSUMER CONFIDENCE: -8.4 V -7.5E
[10:06] {RonS} Alberta added 81,800 jobs over the past 12 months while the rest of Canada lost 9,500:
[10:06] {RonS} http://bloom.bg/1tyU3HG
[10:06] {nemo} gotta' love tar sands
[10:06] {dino} cck hl l .90 stop brk lod
[10:07] {RonS} sad, Pat Bowlen, alzheimers...a great Canadian
[10:07] {nemo} yeah, poor bastard
[10:09] {dino} cck stop -.12
[10:10] {nemo} aapl drop of .40
[10:11] {nemo} oh well, nope
[10:12] {dino} irbt hl l .00 stop lod
[10:12] {nemo} the iAcolytes are still out
[10:21] {dino} cck sm l .80 stop .64
01[10:21] {@Threei} Long Setup:  IWM  .10 break
[10:21] {dino} apd spike
01[10:21] {@Threei}  If holds  115
01[10:24] {@Threei}  Invalidated
[10:26] {RonS} tlm halt
[10:28] {nemo} IWM again
01[10:29] {@Threei}  yes, valid again
[10:29] {nemo} took above .05
[10:29] {nemo} well, tna above .20
01[10:29] {@Threei}  thought of 115 break... setup wasn't well defined
[10:30] {nemo} was looking how that piercing pattern set up
[10:30] {nemo} stop to .24
01[10:31] {@Threei}  1:1
01[10:31] {@Threei}  TLM Halted; news pending- Reminder: Earlier reports were that Repsol was considering a bid for the company
01[10:39] {@Threei}  another leg
01[10:40] {@Threei}  even 2
01[10:44] {@Threei}  (RU) President Putin has reportedly organized an emergency meeting of the Duma to discuss Ukraine
[10:45] {RonS} whr missed and guided down wtf...
[10:46] {nemo} watch SNDK when it recovers 95
[10:59] {dino} out irbt .30 +.30
01[11:01] {@Threei} Short Setup: GLD  .70 break
01[11:01] {@Threei}  If holds  .80
[11:05] {dino} whr vsm s .49
[11:14] {dino} wtf whr, huge miss and lowers
[11:14] {RonS} unreal...must have been something on the conf call
[11:15] {nemo} definition of a bull market
[11:16] {nemo} I want to short HLF out of sheer boredom
01[11:17] {@Threei}  hello mr Ackman
[11:17] {nemo} after yesterday's run up, plus it's having trouble with VWAP
[11:18] {nemo} http://goo.gl/2BRCZw
[11:19] {RonS} BREAKING: Talisman Energy acknowledges approach from top Spanish oil company Repsol
01[11:20] {@Threei}  (US) Senate advances bill that would provide business tax credits for returning offshore jobs to the US ("insourcing")
01[11:21] {@Threei}  GLD stop to .76
[11:23] {dino} added whr puts
01[11:24] {@Threei}  Obama orders Pentagon advisers to Ukraine to fend off Putin-backed rebels
[11:24] {RonS} Senate:  We need to put those Central American kids to work immediately...
[11:24] {dino} roflol
[11:25] {nemo} clearing minefields
01[11:25] {@Threei}  lol
[11:30] {nemo} jpm likely going to .60ish
01[11:33] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/686510551428463/?type=1&theater
[11:33] {RonS} and we pay for this crap?  BREAKING: IMF says Fed could keep rate low past mid-2015 if outlook holds
[11:35] {nemo} JPM Vad
01[11:35] {@Threei}  IMF... economic twin of UN
01[11:36] {@Threei}  can't tell nemo, can erverse here just as easy
01[11:36] {@Threei}  reverse
02[11:41] * Disconnected
Session Close: Wed Jul 23 11:41:01 2014

Session Start: Wed Jul 23 11:41:01 2014
Session Ident: #discussions
02[11:42] * Attempting to rejoin channel #discussions
03[11:42] * Rejoined channel #discussions
01[11:45] {Threei}  lost connection
[11:45] {nemo} with reality?
01[11:45] {Threei}  never had that one
[11:46] {nemo} I'm losing touch with reality and I'm almost out of blow....such a fine line....hate to see it go
[11:46] {nemo} ~Jackson Browne
[11:46] {nemo} MON at S3 on the daily and breakout level from May
[11:47] {nemo} and 117
01[12:01] {Threei}  an exhibition in Kyiv saw three men dressed as stereotypical Russians placed in a cage posted with signs saying “Beware of Occupiers” and “Please do not Feed.”
01[12:07] {Threei}  JPM... reversed
01[12:25] {Threei} Long Setup:  WMT  .75 break
01[12:25] {Threei}  If holds  .70
01[12:37] {Threei}  ugh... why didn't we short JPM
[12:54] {dino} cck stop -.13
01[12:57] {Threei}  BRKR Board approves plan to divest certain assets and implement a restructuring program in the Chemical & Applied Markets (CAM) division - filing
01[13:11] {Threei} Long Setup:  JPM  .90 break
01[13:11] {Threei}  If holds  .85
01[13:14] {Threei}  Invalidated
01[13:29] {Threei} Short Setup: LULU  .40 break
01[13:30] {Threei}  If holds  .45
01[13:39] {Threei} Short Setup: GM  .60 break
01[13:39] {Threei}  If holds  .70
01[14:00] {Threei}  stop to .66
[14:00] {dino} calling it a day, tree time in 20
[14:00] {dino} tee
01[14:02] {Threei}  tree time... that's a nice one
01[14:04] {Threei}  feels like rally is coming
01[14:04] {Threei}  keeping IWM on radar
01[14:10] {Threei}  Dutch frustration with Russia in the wake of the MH17 crash is taking on an increasingly personal note, as some called for Vladimir Putin's daughter to be deported from the Netherlands.
01[14:12] {Threei} Long Setup:  IWM  115 break
01[14:12] {Threei}  If holds  .90
01[14:17] {Threei}  Invalidated
01[14:17] {Threei}  for now
01[14:17] {Threei}  on radar still, either for recalibration or re-validation
01[14:17] {Threei}  or whatever big word we come up with
01[14:17] {Threei}  nemo, we need a big word
01[14:17] {Threei}  defenestration?
06[14:22] * Threei slaps nemo around a bit with a Encyclopedy of Big Words
01[14:26] {Threei}  GOOG Said to be in negotiations to take equity stake in Cape Wind - blog- 468 MW Cape Wind project that will be built off the Massachusetts coast
01[14:27] {Threei}  so these guys want to solve energy problem next
01[14:27] {Threei}  somehow I trust them to do that more than WH, Congress etc
01[14:34] {Threei} Long Setup:  IWM  .81 break
01[14:34] {Threei}  If holds  .75
01[14:53] {Threei}  grrr
01[14:53] {Threei}  afternoon of rinses
01[15:15] {Threei}  frikin IWM
01[15:18] {Threei} Long Setup:  FB  .15 break
01[15:18] {Threei}  If holds  .05
01[15:25] {Threei}  Invalidated
01[15:32] {Threei} Long Setup:  FB  .05 break
01[15:32] {Threei}  If holds  .95
01[15:38] {Threei}  OK, I officially hate today's afternoon
01[15:38] {Threei}  have a good evening, see you tomorrow
[15:38] {nemo} you've been saying that alot lately
01[15:38] {Threei}  just yesterday
01[15:38] {Threei}  before that it was fine for a weeks or two
[15:50] {thomcbell} it has been an annoying tape
[15:50] {nemo} especially afternoons
01[15:53] {Threei}  hell... look at FB
[15:53] {nemo} thought you left
01[15:53] {Threei}  I have
[15:54] {nemo} SPY .17 range since 1:45
01[15:59] {Threei}  shoot me now
01[15:59] {Threei}  FB
[15:59] {nemo} earnings
01[15:59] {Threei}  called it
01[15:59] {Threei}  and got rinsed
01[16:06] {Threei}  [FB] Reports Q2 $0.42 v $0.33e, R$2.91B v $2.80Be