Friday, August 8, 2014

Aug 08 2014

About flat day - two 1:3ers, some scalps, some stops, trading punches. Good week overall so no complaints.

Session Time: Fri Aug 08 00:00:00 2014
[09:11] {troub} good morning
01[09:11] {@Threei}  troub :)
01[09:12] {@Threei}  TKMR
[09:12] {RonS} gm...BREAKING: U.S. military aircraft strike Islamic State artillery, Pentagon says
01[09:12] {@Threei}  Ron :)
01[09:14] {@Threei}  decent SPY premarket volume
[09:15] {nemo} very decent
[09:15] {nemo} was 1.3 million at 7:30
[09:15] {nemo} a.m. EDT
01[09:18] {@Threei}  Upside:
01[09:18] {@Threei}  -TKMR +18% (momentum from Ebola as WHO names the outbreak 'extraordinary' event)
01[09:18] {@Threei}  -MELI +15% (earnings)
01[09:18] {@Threei}  -ANET +9.8% (earnings)
01[09:18] {@Threei}  -NOG +6.4% (earnings)
01[09:18] {@Threei}  -UBNT +5.5% (earnings)
01[09:18] {@Threei}  -MNST +4.8% (earnings)
01[09:18] {@Threei}  -GPS +4.5% (earnings, guides higher than estimates)
01[09:18] {@Threei}  -BCRX +4.1% (Ebola momentum)
01[09:19] {@Threei}  -ELX +4% (earnings)
01[09:19] {@Threei}  -NVDA +3.7% (earnings)
01[09:19] {@Threei}  -LULU +3.5% (stock sale to Advent, removes hostile takeover & proxy fight potential)
01[09:19] {@Threei}  Downside:
01[09:19] {@Threei}  -HIBB -11% (earnings)
01[09:19] {@Threei}  -ZNGA -7.1% (earnings)
[09:20] {nemo} http://goo.gl/eejQYA
01[09:32] {@Threei} Long Setup:  TWTR  .10 break
01[09:32] {@Threei}  too fast
01[09:32] {@Threei}  valid again, if holds 43
01[09:34] {@Threei}  FB is not helping
01[09:35] {@Threei}  nah
01[09:36] {@Threei}  .l vxx .70 break
01[09:36] {@Threei} Long Setup:  VXX  .70 break
01[09:37] {@Threei}  If holds  .60
[09:37] {nemo} VXX should be a good afternoon play
01[09:38] {@Threei}  hmmm
01[09:38] {@Threei}  second morning in a row og non-behaving plays
[09:39] {nemo} we're in August, should almost wait out the first 15 minutes or so
01[09:41] {@Threei}  rinse
01[09:43] {@Threei} Long Setup:  FB  .75 break
01[09:43] {@Threei}  If holds  .65
01[09:44] {@Threei}  1:1
01[09:46] {@Threei} Long Setup:  WMT  .90 break
01[09:46] {@Threei}  If holds  .85
[09:47] {dino} adding vxx puts
[09:47] {nemo} VXX should close higher today with all the geopolitical and market uncertainty
[09:47] {dino} understood
[09:48] {nemo} just my opinion and we know what that is worth
[09:48] {nemo} I usually have to pay people to get them to listen to it
[09:48] {dino} feye hl l .28 stop .98
[09:49] {nemo} MNST dino
01[09:51] {@Threei}  half out
01[09:51] {@Threei}  stop to .89
01[09:51] {@Threei}  1:1
01[09:52] {@Threei}  1/4 more out
01[09:53] {@Threei}  stop .94
[09:54] {dino} cnc sm l .50
01[09:55] {@Threei}  1:2
01[09:55] {@Threei}  to .99
[09:55] {dino} post pounded
[09:57] {nemo} resorting to Ronisms dino?
[09:58] {dino} ;-)
[09:58] {nemo} you're on a de-evolutionary spiral
01[10:00] {@Threei}  hmmm... and here I am, dreaming of ascending to Ronisms
[10:01] {dino} perhaps
[10:02] {nemo} see Les below?
[10:02] {RonS} lol
06[10:02] * @Threei returns to the usual "tree good, fire bad"
[10:03] {nemo} vodka great
[10:03] {nemo} mmmhhh...Jack is calling to me
01[10:03] {@Threei}  don't pick up
[10:03] {nemo} why?
01[10:04] {@Threei}  scientists established that after first bottle you start speaking russian, and after second invade neighbouring country
01[10:05] {@Threei}  1:3
01[10:05] {@Threei}  out +.30
01[10:05] {@Threei}  finally normal play that behaves as it should
[10:05] {dino} gj
01[10:06] {@Threei}  ty
01[10:06] {@Threei}  not too bad for 5 cents risk
01[10:08] {@Threei}  so, in Russia to connect to public Wi-Fi in cafes, parks etc, now you are going to have to enter your passport information
[10:14] {flash} gm, new on 7 day trial. am I in the right screen for trades, thanks
[10:14] {dino} yes
[10:15] {flash} ty
01[10:15] {@Threei}  morning flash
[10:15] {flash} morning tgif
[10:16] {nemo} wait...don't we have to do a cavity search before he can come in?
[10:16] {flash} haha
01[10:16] {@Threei}  no, not on fridays
[10:16] {nemo} you never let me have any fun
01[10:17] {@Threei}  need a hug?
[10:17] {nemo} need to puke
01[10:17] {@Threei} Short Setup: CAT  .30 break
01[10:17] {@Threei}  If holds  .40
[10:17] {nemo} if I need a hug I find bunny
[10:17] {nemo} MON looks weak
01[10:17] {@Threei}  Invalidated
01[10:21] {@Threei} Long Setup:  VXX  35 break
01[10:21] {@Threei}  If holds  .90
01[10:22] {@Threei}  no go
[10:22] {nemo} so choppy support resistance
01[10:23] {@Threei}  sheesh... rinse
01[10:23] {@Threei}  gotta wait for a stop to get hit, then enter
01[10:25] {@Threei} Short Setup: FB  .85 break
01[10:25] {@Threei}  If holds  .95
[10:26] {nemo} gonna' go up and test vwap likely
01[10:26] {@Threei}  Invalidated
[10:27] {RonS} hgr sm l .20
[10:27] {nemo} now short FB below .90
01[10:29] {@Threei}  FB looks two-sided to me
[10:30] {nemo} spy testing other side of range, if it gets through, should follow
[10:30] {nemo} never got below .90
01[10:32] {@Threei}  long side works
01[10:32] {@Threei}  1:1
[10:32] {nemo} yeah spy didn't continue either
01[10:34] {@Threei}  [APC] APC Hearing renewed takeover chatter circulating - Exxon rumored as a potential acquirer
[10:36] {dino} mnst sm s .60
01[10:38] {@Threei} Long Setup:  LULU  40 break hl
01[10:38] {@Threei}  If holds  .90
01[10:41] {@Threei}  a lot of shares for sale at 40
[10:45] {flash} is there a setting for a sound when you post trades?
01[10:45] {@Threei}  if you use mirc, yes
01[10:45] {@Threei}  in mibbit, no, it's a temporary solution
01[10:45] {@Threei}  change LULU to .90 break
01[10:46] {@Threei}  If holds  .80
[10:46] {nemo} looks like above 192 for stops coming
01[10:46] {@Threei}  that was fast
[10:48] {flash} gotta run some errands. be back . trade green friends!
01[10:49] {@Threei}  ty
[10:54] {dino} ty for idea nemo, cov mnst .22, +.28
[10:54] {dino} +.38
01[10:55] {@Threei}  wtg
01[10:58] {@Threei}  1:1
[11:12] {RonS} looloo
01[11:14] {@Threei}  1:3
01[11:14] {@Threei}  out
01[11:14] {@Threei}  I will have to try:
01[11:14] {@Threei}  we saw right through LULU
[11:15] {RonS} lol...nice...
01[11:15] {@Threei}  did I succeed in ascension aspirations?
[11:17] {RonS} when nemo groans you are there...
01[11:18] {@Threei}  nemo?
[11:18] {nemo} ?
01[11:18] {@Threei}  lift your eyes up by a few lines
[11:19] {nemo} ?
[11:19] {nemo} hey dino, look at Post
[11:21] {nemo} POST
[11:27] {dino} missed that
[11:40] {RonS} Breaking: Obama launches airstrikes from USS George H. W. Bush against ISIS so he can blame Bush if it all goes wrong
01[11:41] {@Threei}  lol
[11:42] {dino} lol
01[12:03] {@Threei}  matter of urgent priorities:
01[12:03] {@Threei}  (US) State AGs urge FDA to ban flavored e-cigarettes
[12:03] {nemo} VXX might be long here
01[12:03] {@Threei} Long Setup:  FB  .90 break
01[12:03] {@Threei}  If holds  .80
01[12:07] {@Threei}  Invalidated
01[12:15] {@Threei} Long Setup:  FB  .80 break
01[12:15] {@Threei}  If holds  .70
[12:16] {nemo} lower lows on spy and IWM
[12:16] {nemo} could short here with a .15 stop
01[12:17] {@Threei}  FB two-sided
01[12:21] {@Threei}  long it is
01[12:26] {@Threei}  and working it isn't
[12:26] {nemo} spy short is
[12:27] {nemo} target .60ish
[12:28] {nemo} stop .88
[12:32] {dino} cnc to .90
01[12:33] {@Threei} Short Setup: JPM  56 break
01[12:34] {@Threei}  If holds  .10
01[12:34] {@Threei}  with trail to .06 around .95
[12:34] {nemo} very possible bounce @.95 with resistance @ .05
[12:36] {nemo} Politicians never accuse you of 'greed' for wanting other people's money --- only for wanting to keep your own money. - Joseph Sobran
01[12:37] {@Threei}  sounds about right
[12:37] {dino} how true
[12:38] {nemo} stop to .82
[12:38] {nemo} had buy @ .62 didn't get hit
[12:42] {dino} athm sm l .00
[12:43] {nemo} VXX coming in
[12:44] {nemo} fingertips
[12:44] {nemo} nails ripping away
[12:44] {nemo} bloody
[12:45] {nemo} took half
[12:46] {nemo}  so, go from almost making .28 to .10 sounds about right
[12:47] {nemo} VXX recovering
[12:47] {nemo} this should be o.k. now
[12:49] {nemo} VXX play shaping up
01[12:55] {@Threei}  let's trail stop to .06
[13:10] {goinshort} afternoon everyone!
[13:11] {dino} out athm .45, +.45
[13:11] {dino} ga gs
01[13:13] {@Threei}  gs :)
01[13:16] {@Threei}  (IQ) White House: When Iraq completes the formation of an 'inclusive' Govt; the US will provide more military support to help fight the ISIS as needed (ISIL) - Notes the US could conduct further targeted strikes in Iraq
01[13:16] {@Threei}  (NG) Nigeria declares state of emergency due to Ebola outbreak - press
01[13:17] {@Threei}  one of these made market happy
01[13:17] {@Threei}  you choose
[13:18] {dino} don't know wht either would
[13:18] {dino} why
[13:18] {dino} cnc to .00
01[13:19] {@Threei}  kidding... it's this:
01[13:19] {@Threei}  (UR) Russia Defense Ministry: "Military exercises" along the Ukraine border have been concluded
01[13:19] {@Threei}  idiots still believe it means something
[13:19] {dino} indeed
[13:19] {dino} but do we believe it
01[13:19] {@Threei}  absolutely not
[13:19] {nemo} we'll run now
01[13:20] {@Threei}  - The ruble, the RSX and various Russian stocks surged this morning after Russia Security Council Chief Patrushev stated Russia would like to find ways to "de-escalate the Ukraine situation." Patrushev told RIA Novosti that Russia is prepared to mediate talks between Kiev and eastern Ukraine separatists. After the DNR separatists replaced a Russian leader with an ethnic Ukrainian, there was speculation that Russia was again trying to back away from the brink.
01[13:20] {@Threei}  in reality, it's merely a game of seeking best timing and pretext
01[13:21] {@Threei}  pretend you don't want it, whole organizing provocation that would put you in position "see, we told you they were fascists, you didn't believe is, now we have to go in"
01[13:21] {@Threei}  whole = while
[13:22] {dino} asps spike
[13:22] {dino} out cnc ave .18, +.68
[13:23] {dino} scty bloody dark
[13:26] {RonS} gj
[13:27] {nemo} most of the puts this week are 194
[13:27] {RonS} get this...closing I25, the main no/so interstate 10pm tonight until 5 a.m. Monday at an intersection w/ another east/west freeway
[13:27] {dino} why?
[13:28] {RonS} right at city center...must carry 200-300k vehicles on weekends
[13:28] {RonS} improving the intersection...saying 100 guys going to do a month's work in that time...
01[13:29] {@Threei} Long Setup:  VXX  .60 break
01[13:29] {@Threei}  If holds  .50
01[13:30] {@Threei}  touched 1:1 briefly, stop to .54
01[13:31] {@Threei}  half out
01[13:31] {@Threei}  to .59
[13:34] {goinshort} out -thanks V!
01[13:35] {@Threei}  yw
[13:41] {nemo} stop hunt to 193.25 possible
[13:43] {goinshort} out 1:1 VXX short
[13:45] {dino} out vxx puts from earlier, +.43/13%
01[13:45] {@Threei}  nice
[13:45] {dino} ty
01[13:46] {@Threei}  dino knew russians would put that smokescreen today
[13:46] {dino} was talk about it on cnbc early morning, so i took a shot
01[14:01] {@Threei} Long Setup:  VXX  .50 break
01[14:02] {@Threei}  If holds  .40
01[14:02] {@Threei}  change to .45 break
01[14:02] {@Threei}  If holds  .35
01[14:04] {@Threei}  Invalidated
[14:04] {nemo} bounce between .20-.30
[14:18] {nemo} VXX
01[14:28] {@Threei}  ok... the end of this move should be somewhere
01[14:28] {@Threei}  or not?
01[14:29] {@Threei}  one more shake, gotta wait it out
01[14:29] {@Threei}  then look for a solid entry
[14:29] {nemo} .20
[14:29] {nemo} spy likely to go to 193.20ish first
[14:31] {RonS} out hgr 22.45 +1.25
01[14:32] {@Threei}  wtg
01[14:33] {@Threei}  here comes my shake
[14:34] {nemo} spy going for the stops
01[14:35] {@Threei}  yup
[14:35] {nemo} look at spy on 15min
01[14:48] {@Threei} Long Setup:  VXX  .45 break
01[14:48] {@Threei}  If holds  ,35
01[14:56] {@Threei}  ok
01[14:56] {@Threei}  this does look like real reversal
01[14:56] {@Threei}  lose .80 and die, SPY
01[14:59] {@Threei}  1:1
01[15:22] {@Threei}  that was all, eh
01[15:25] {@Threei}  no fear whatsoever
01[15:25] {@Threei} Long Setup:  IWM  .35 break
01[15:25] {@Threei}  If holds  .25
[15:31] {nemo} spy stops taken
01[15:31] {@Threei}  yes
01[15:31] {@Threei}  come on IWM, take .40
[15:32] {nemo} could come in now
01[15:32] {@Threei}  and fly
01[15:32] {@Threei}  wow... block below
[15:32] {nemo} what IWM
[15:32] {nemo} watching vxx
01[15:32] {@Threei}  yes
[15:35] {nemo} so, above 193 or below?
01[15:36] {@Threei}  above
[15:37] {nemo} and if there is happy news over the weekend about Russia, we open above 194
[15:41] {dino} took all day, but out feye .48, +.20
[15:42] {RonS} better than getting feyeded...
01[15:42] {@Threei}  lol
[15:43] {RonS} some calling Putin the greatest day trader ever...
[15:43] {dino} lol
01[15:44] {@Threei}  difficult to disagree
01[15:44] {@Threei}  buy - announce troops pullout
01[15:44] {@Threei}  sell - short - announce troops amassing
[15:46] {RonS} good weekend to all...outta here
01[15:47] {@Threei}  I suggest instituting a rule - said goodbye, stay for 3 min to hear the response
[15:49] {dino} calling it a day, gn
01[15:49] {@Threei}  take care dino
01[15:49] {@Threei}  ok guys, scratching IWM
01[15:49] {@Threei}  have a great weekend, see you Monday
01[15:49] {@Threei}  out .36
[16:07] {troub} good weekend all.