Tuesday, August 12, 2014

Aug 12 2014

Very inactive day, with listless action. Wrestled out positive balance, that's all

Session Time: Tue Aug 12 00:00:00 2014
[08:54] {nemo} Nanu Nanu
01[08:56] {@Threei}  what's that?
[08:59] {nemo} That was Robin Williams catch saying from his character on Mork and Mindy
01[08:59] {@Threei}  I wasn't his fan really
[09:00] {nemo} You may be the only person on earth that wasn't
01[09:02] {@Threei}  no way
[09:02] {nemo} yeah way
[09:10] {dino} gm
01[09:11] {@Threei}  dino :)
[09:12] {nemo} Dino, Vad didn't like Robin Williams
[09:14] {dino} what!!!! he was the greatest
[09:15] {troub} good morning
01[09:15] {@Threei}  troub :)
[09:17] {RonS} hi guys
01[09:18] {@Threei}  ron :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -ICPT +47% (earnings, clinical trial updates, positive broker mentions & price target raises)
01[09:25] {@Threei}  -INSY +15% (earnings)
01[09:25] {@Threei}  -CNAT +9.5% (possible momentum from ICPT, earnings report tomorrow)
01[09:25] {@Threei}  -TRAK +9.4% (earnings)
01[09:25] {@Threei}  -EXAS +7.3% (drug approval)
01[09:25] {@Threei}  -KATE +7.3% (earnings)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -NIHD -56% (earnings)
01[09:25] {@Threei}  -DNDN -20% (earnings)
01[09:25] {@Threei}  -CALL -10% (earnings)
01[09:25] {@Threei}  -NUAN -8% (earnings)
01[09:25] {@Threei}  -TKMR -8% (Ebola news)
01[09:25] {@Threei}  -FLO -7.6% (earnings)
01[09:25] {@Threei}  -HCLP -4.9% (announces secondary pricing)
01[09:25] {@Threei}  -OCN -5% (restating results)
01[09:25] {@Threei}  -TCAP -4% (secondary)
[09:33] {RonS} lol...FU begins trading as FABU today
01[09:33] {@Threei}  finally
01[09:33] {@Threei}  always said they needed to change symbol
01[09:33] {@Threei} Long Setup:  FB  .25 break
01[09:34] {@Threei}  If holds  .15
01[09:35] {@Threei}  valid still
01[09:38] {@Threei}  Invalidated
01[09:44] {@Threei} Long Setup:  TWTR  .50 break
01[09:44] {@Threei}  If holds  .40
01[09:44] {@Threei}  Invalidated
01[09:46] {@Threei} Long Setup:  FB  73 br'eak
01[09:47] {@Threei}  If holds  .90
01[09:50] {@Threei}  no go
01[10:03] {@Threei}  TWTR... watching for aggressive entry on pullback, for .70 break
01[10:03] {@Threei} Long Setup:  TWTR  .60 break
01[10:03] {@Threei}  If holds  .50
01[10:04] {@Threei}  SPY helps
01[10:04] {@Threei}  1:1
01[10:06] {@Threei}  that's all?
01[10:10] {@Threei} Long Setup:  VXX  .60 break
01[10:10] {@Threei}  If holds  .60
01[10:10] {@Threei}  If holds  .50
01[10:11] {@Threei}  1:1
01[10:17] {@Threei}  quite chaotic SPY chart so far
01[10:17] {@Threei}  no pattern
[10:17] {nemo} OP EX weeks, huge number of puts at 194
01[10:18] {@Threei}  rorschach spots
01[10:19] {@Threei} Long Setup:  VXX  .45 break
01[10:19] {@Threei}  If holds  .35
01[10:20] {@Threei}  Invalidated
01[10:24] {@Threei} Long Setup:  FB  .70 break
01[10:24] {@Threei}  If holds  .60
01[10:28] {@Threei}  ok FB, we need 1:3
01[10:30] {@Threei}  grrr
[10:30] {nemo} it's trading with twtr
01[10:34] {@Threei} Short Setup: MGM  .60 break
01[10:35] {@Threei}  If holds  .70
01[10:46] {@Threei}  SPY, will you ever decide which way you want to go?
01[10:46] {@Threei}  (and let it be down)
01[10:53] {@Threei} Long Setup:  VXX  .50 brak
01[10:53] {@Threei}  break too
01[10:53] {@Threei}  If holds  .40
01[10:54] {@Threei}  starts feeling like market wants to break down and crash
01[10:55] {@Threei}  Invalidated
01[10:55] {@Threei}  for now
01[11:01] {@Threei}  got away
01[11:01] {@Threei}  right read, no entry
01[11:01] {@Threei}  anyone's even breathing?
[11:01] {RonS} volatility is volatile?  shocking...
01[11:02] {@Threei}  well... the way it's been last year or so with VXX, it is :)
01[11:02] {@Threei}  half out MGM
[11:03] {dino} kate drop
[11:03] {dino} sm l .90
01[11:06] {@Threei}  stop .61 MGM
[11:10] {RonS} lol...KATE Spade turned into David pretty quick. Wow. http://stks.co/j0w08
01[11:15] {@Threei}  wow... first drops of rain in 2 months
[11:18] {RonS} unbelievable...
01[11:18] {@Threei} Long Setup:  WMT  .25 break
01[11:18] {@Threei}  If holds  .15
01[11:19] {@Threei}  July-August is pretty much no-rain season here
[11:24] {RonS} kate must be selling plus sizes soon... so heavy...
[11:25] {dino} odd, blew away #s
[11:32] {dino} kate re-try sm l .76
01[11:33] {@Threei}  WMT stop to .19
[11:36] {dino} stoppped again, wtf
01[11:38] {@Threei}  meh
[11:39] {dino} adding kate calls
[11:43] {dino} rinsed
01[11:44] {@Threei}  should be ready here...
01[11:44] {@Threei}  .50 break
01[11:44] {@Threei}  wow, still not
01[11:49] {@Threei}  how on earth do you lose a whole tank?
01[11:50] {@Threei}  Checks carried out at the Kyiv Armor Repair Plant by military prosecutors for the Ukrainian central region revealed that one T-72 tank, owned by the Defense Ministry, was missing
[11:55] {dino} kate sm l .51
[11:57] {RonS} lose a tank?...the US has lost its whole southern border...
01[11:57] {@Threei}  really
01[11:58] {@Threei}  well, coutry of different scales...
01[11:58] {@Threei}  countries
[11:59] {RonS} http://tinyurl.com/mbz8toq
01[12:01] {@Threei}  guy doesn't understand who real enemy is. He should have dressed up as Romney, they'd catch him in no time
[12:01] {RonS} rotflol...or Bush
[12:05] {RonS} wow, dino, look call option volume KATE  10k $35 calls expiry fri
[12:06] {dino} see that
[12:07] {dino} went oct 33 here
01[12:32] {@Threei} Long Setup:  IWM  .75 break
01[12:32] {@Threei}  If holds  .65
01[12:35] {@Threei}  half out
01[12:36] {@Threei}  1:1
01[12:42] {@Threei}  1:2
01[12:47] {@Threei}  couldn't make 1:3 but heck, with today's moves I am happy with 1:2 too
[12:50] {RonS} kate highest volume day ever now 25% of outstanding
[13:05] {nemo} VXX looks short
01[13:19] {@Threei}  who pulled the rug from under gold
01[13:56] {@Threei} Long Setup:  WMT  .20 break
01[13:56] {@Threei}  If holds  .15
01[14:05] {@Threei} Long Setup:  VXX  .75 break
01[14:05] {@Threei}  If holds  .65
01[14:09] {@Threei}  1:1
[14:19] {nemo} index bounces
01[14:21] {@Threei}  weak...
01[14:21] {@Threei}  not convinced
[14:25] {nemo} spy and fas trying iwm falling
[14:27] {nemo} spy couldn't get through that first bear level
[14:35] {goinshort} afternoon - did you have a good morning?
01[14:35] {@Threei}  hey gs
01[14:36] {@Threei}  boring day, just became better with couple good trades
01[14:52] {@Threei} Long Setup:  VXX  .90 break
01[14:53] {@Threei}  If holds  .80  of course
[14:56] {nemo} I love all the side affects they talk about in drug commercials
[14:57] {nemo} just saw a 31 15/16 VXX trade
01[14:57] {@Threei}  those drags start taking effect?
[14:58] {nemo} o.k. vxx long or iwm which wins out
01[14:58] {@Threei}  VXX
01[15:00] {@Threei}  half out
01[15:00] {@Threei}  stop .84
01[15:01] {@Threei}  1:1
01[15:01] {@Threei}  to .89
01[15:20] {@Threei} Long Setup:  VXX  .83 break
01[15:20] {@Threei}  If holds  .75
01[15:35] {@Threei}  quiet eod
[15:48] {goinshort} cya all!
01[15:49] {@Threei}  thank you all
01[15:50] {@Threei}  have a good evening, see you tomorrow