Fine day with good winners. We even figured out the market master plan of killing the shorts after the announcement. Room server outage occurred later in the day - please remember to use reserve room in such cases!
Session Time: Wed Sep 17 00:00:00 2014
[08:52] {dino} gm 3i
01[08:52] {@Threei} dino :)
[08:54] {nemo} My gawd.....X
01[08:55] {@Threei} nice
[08:55] {nemo} real blow up after close yesterday
[08:59] {nemo} should be relatively dead today with FED heads
01[09:20] {@Threei} Upside:
01[09:20] {@Threei} -AUXL +45% (received unsolicited acquisition offer from ENDP at $28.10/shr)
01[09:20] {@Threei} -X +13% (announced company expecting strong Q3 results, will not proceed with expansion at iron ore pellet operations in MN)
01[09:20] {@Threei} -AKS +7.3% (momentum from X & NUE guidance, completed acquisition of Severstal Columbus for $707M)
01[09:20] {@Threei} -YRCW +6% (guides Q3 EBITDA $75-80M v. $61.8M y/y; result of positive yield results and performance initiatives)
01[09:20] {@Threei} -NUE +4% (increased Q3 guidance)
01[09:20] {@Threei} -ENDP +4.4% (tendered acquisition offer for AUXL at $28.10/shr)
[09:20] {troub} good morning you all
01[09:20] {@Threei} troub :)
[09:20] {_kikesan} morning
01[09:20] {@Threei} kikesan :)
01[09:20] {@Threei} -DD +3.3% (company committed to strategic plan to drive growth and profitability, response to Trian proposal to break-up the company)
01[09:20] {@Threei} -IFON +15.5% (no news; momentum)
[09:20] {nemo} me and bunny have a new game
01[09:20] {@Threei} Downside:
01[09:20] {@Threei} -RAX -17% (ending of strategic review, company will remain independent)
01[09:20] {@Threei} -SNE -8.8% (losing market share in Chinese smartphone market)
01[09:20] {@Threei} -SXL -4.5% (commences 7.4M unit offering, 3.6% outstanding)
01[09:20] {@Threei} -OI -4.3% (guided Q3 lower in conference slides)
01[09:20] {@Threei} -ADBE -4.1% (earnings/guidance)
01[09:20] {@Threei} -WBMD -3.8% (no news seen)
[09:23] {RonS} gm... Net Element shares soar 67% premarket after Apple Pay integration announcement
01[09:26] {@Threei} ron :)
[09:28] {dino} symbol?
[09:28] {RonS} nete
01[09:31] {@Threei} Short Setup: FB .95 break
01[09:31] {@Threei} If holds .05
01[09:31] {@Threei} Invalidated
01[09:34] {@Threei} wow
[09:34] {dino} sxl sm l .35
01[09:38] {@Threei} Short Setup: X .10 break hl
01[09:38] {@Threei} Invalidated
01[09:38] {@Threei} Short Setup: FB 76 break
01[09:38] {@Threei} If holds .10
[09:38] {dino} yeah, bankruptcy filing shoots it up
01[09:39] {@Threei} 1:1
[09:40] {dino} x sm s .25
01[09:40] {@Threei} 1:2
[09:41] {nemo} X likely to test pre market highs
[09:41] {dino} b/s is .57
01[09:41] {@Threei} 1:3
01[09:41] {@Threei} out
[09:41] {dino} gj
01[09:41] {@Threei} ty
[09:45] {dino} cov x .95, +.30
01[09:47] {@Threei} wtg
[09:47] {dino} ty
01[09:49] {@Threei} Short Setup: X 46 break
[09:49] {dino} out sxl .65, +.30
01[09:49] {@Threei} If holds .10
01[09:49] {@Threei} 1:1
01[09:49] {@Threei} 1:2
[09:50] {troub} nice one dino
[09:50] {dino} ty
[09:51] {dino} probably wants s3
[09:51] {troub} 1st red bar triggered out?
[09:53] {dino} no, trailed my stop to 1:1
[09:53] {dino} had .30 stop from original entry
[09:53] {troub} thanks
[09:54] {dino} tighter today, quitting around 12:30. vacation. back next wednesday
[09:54] {dino} trying for some calls on it, the 2ndaries have been coming back fast lately
[09:56] {dino} damn x, chickened out on bigger drop
[09:57] {dino} ksu at it again
[09:58] {_kikesan} twtr long .83 if holds .70
[09:58] {RonS} dfs spike
[09:59] {dino} dfs spike
[09:59] {_kikesan} invalid
[09:59] {dino} dfs sm s .65
01[10:00] {@Threei} *(US) SEPT NAHB HOUSING MARKET INDEX: 59 V 56E
[10:00] {nathan} bonjour gents
01[10:00] {@Threei} ney nathan
01[10:00] {@Threei} missed 1:3 and 1:2...
[10:00] {dino} cov dfs .25, +.40
[10:00] {RonS} buenos nachos
[10:00] {nathan} thanks to remember
[10:00] {nemo} where's the communist...oh yeah, picketing for more money...
[10:01] {dino} lol
[10:01] {nathan} good try rons
01[10:01] {@Threei} no, they vote tomorrow for tentavie deal reached yesterday
[10:01] {dino} reload dfs sm s .40
[10:02] {nemo} Pico de Guyo to you Ron
[10:02] {dino} cov dfs .09, +.31
[10:02] {dino} too soon
[10:02] {nathan} what's that nemo? the taco bell's special meal
[10:03] {nathan} gj nemo
[10:03] {nemo} ;-)
[10:03] {nemo} market should start dying
[10:03] {dino} ksu smr s .40
01[10:03] {@Threei} Long Setup: VXX .60 break
[10:04] {dino} b/s at .61
01[10:04] {@Threei} If holds .53
[10:04] {RonS} LL into a gap
[10:05] {dino} rax wanted 32 gap fill, but not yet
[10:06] {dino} ryi spike
[10:10] {dino} ksu stop .62 -.22
[10:11] {nemo} pre market support X here
01[10:11] {@Threei} Short Setup: AIG .90 break
01[10:11] {@Threei} If holds 56
[10:13] {nemo} nap time til Fed
[10:13] {dino} soon
[10:14] {nemo} let vxx playout...should stop out though, risk should sleep
[10:14] {nemo} with the Xmas shopping season coming would be dangerous for FED to say anything hawkish
[10:19] {dino} piss of santa?
01[10:20] {@Threei} lol
[10:20] {dino} coal i guess
[10:23] {nathan} meh
01[10:24] {@Threei} [10:04] {@Threei} If holds .53
[10:24] {_kikesan} :s
[10:24] {nemo} resistance is below .60 now
[10:25] {nathan} i saw some prints at .53 and...
01[10:25] {@Threei} it held it
[10:25] {nemo} it'll likely test the other side of .50
[10:25] {_kikesan} stop
[10:26] {nemo} yep
[10:26] {nemo} o.k. done til Fed
01[10:34] {@Threei} Short Setup: ADBE .40 break
01[10:34] {@Threei} If holds .50
[10:38] {_kikesan} twtr short .49
01[10:41] {@Threei} 1:1
[10:43] {_kikesan} if holds .58
[10:44] {_kikesan} 1:1
[10:44] {_kikesan} 1:2
[10:44] {dino} gj
[10:44] {_kikesan} ty
[10:46] {_kikesan} anyone knows how split my exits automaticaly in TradeStation?
[10:46] {RonS} skx skidding
[10:46] {nemo} that was a stretch
01[10:47] {@Threei} 1:2
[10:52] {_kikesan} vxx long .70?
[10:52] {nemo} wrong time of day for vxx imo
[10:53] {_kikesan} ok
[10:53] {nemo} look for a setup closer to the FED
[10:53] {nemo} doesn't mean it couldn't work
[10:53] {dino} skx stepped i dog sh*t
[10:54] {dino} sm l .11
[10:54] {nathan} thx 3i for adbe! good one!
01[10:54] {@Threei} :)
[10:55] {dino} added skx calls too
[10:56] {dino} out skx .82, +.71, ty Ron
[10:56] {nathan} wtg dino and Rons!
[10:57] {dino} :)
01[11:14] {@Threei} Short Setup: CAT .80 break
01[11:14] {@Threei} If holds .90
[11:18] {dino} out skx calls, +.75/+20%; thx again ron
[11:18] {RonS} like watching a cat sleep...
01[11:19] {@Threei} lol
[11:19] {nemo} wow skx kissed the VWAP and caved again
[11:20] {RonS} lol...sounds dirty...
[11:20] {nemo} in your mind
01[11:20] {@Threei} VWAP: SKX, you have to marry me now
[11:21] {RonS} lol
01[11:21] {@Threei} {CAT} Ron... what do you have against us? we are so likeable
01[11:21] {@Threei} cover half
01[11:22] {@Threei} 1:1
[11:22] {_kikesan} good
01[11:22] {@Threei} {CAT} meow
[11:23] {_kikesan} meow?
01[11:23] {@Threei} cow says mooo... cat says meow...
01[11:24] {@Threei} those europeans... :)
[11:24] {_kikesan} jjjjj
01[11:24] {@Threei} what do your cats say?? :)(
[11:24] {_kikesan} miau
01[11:24] {@Threei} so they just spell it differently :)
[11:25] {_kikesan} doble top FB?
01[11:25] {@Threei} but yeah, come to think of it, russian phonetic for that sound would be myau
[11:25] {_kikesan} is a short candidate?
01[11:26] {@Threei} nah
01[11:26] {@Threei} no setup there, leave it be
[11:26] {_kikesan} but almost doble top and the first one above b.b.
[11:27] {_kikesan} only needs QQQ support
01[11:27] {@Threei} it's just 50/50
[11:27] {_kikesan} OK
01[11:27] {@Threei} too narrow, and look:
01[11:28] {@Threei} there is also double bottom in the same chart in approximately the same time
01[11:30] {@Threei} see how it just dances with meaningless movements, enticing you to commit and get rinsed?
[11:34] {_kikesan} FB short .18 if holds .28
[11:38] {_kikesan} stop. you were right
01[11:39] {@Threei} this is where my wife usually says: yeah yeahm, you were right again, shut up, this is so irritating
[11:40] {RonS} crr big technical breakdown
[11:40] {nemo} yeah, they're getting that off the sheets
[11:43] {RonS} lol... Once we conquer Ebola we'll go after global warming and the NFL.
[11:51] {dino} but what about hurtful words
01[11:52] {@Threei} those are fine
[12:03] {_kikesan} thanks.bye. see you tomorrow.
[12:09] {nemo} X
[12:17] {nemo} this is starting to smell like they're going to sell off this afternoon
01[12:17] {@Threei} unless it's a bait
01[12:17] {@Threei} to kill shorts with spike after announcement
[12:18] {nemo} well we'll get the cha cha cha, so make sure you get the third one...but...last 4 Fed Days had what my buddy tracks as 3rd deviation buying/selling...the day before was dead. Yesterday, you had 3rd deviation buying before the Fed...that's unusual
[12:19] {nemo} the shorts got squeezed big time yesterday
[12:20] {nemo} sheesh...we held just below R4, and you hit that less than 10% of the time
[12:46] {RonS} joy spike...takeout rumors
[12:48] {dino} calling it a day. be back on wednesday, good trading all
[12:48] {RonS} cya dino
[12:48] {troub} enjoy your vacation
[12:48] {dino} thx
01[12:48] {@Threei} take care dino, have fun
02[13:24] * Disconnected
