Thursday, October 2, 2014

Oct 02 2014

Almost perfect day, with winners one after another, anywhere from 1:2 to 1:4, and just one stop that couldn't even make a dent. Got practically all the market twists and turns right, and utilized them precisely.



Session Start: Thu Oct 02 02:12:17 2014

[09:01] {dino} gm
01[09:01] {@Threei}  dino :)
[09:02] {RonS} hello buccaneers...
01[09:02] {@Threei}  ron :)
[09:14] {cosmo} An optimist sees a glass half full. A pessimist sees it half empty. An engineer sees it twice as large as it needs to be.
01[09:16] {@Threei}  makes sense
01[09:18] {@Threei}  TV series Gracepoint starts today... filmed in my neck of the woods
01[09:21] {@Threei}  NYMEX crude trades below $90/bbl for the first time since April 2013
[09:22] {nemo} yeah, and a friend of mine in Florida says they just jacked up gas prices $.20/gal.  Refiners are taking systems off line for "unscheduled" maintenance...how convenient
[09:26] {RonS} The Dow Chemical Co.(DOW) said Thursday it is marketing three of its businesses for divestment, and it now expects the proceeds of its entire divestiture program to be at the higher end of its $4.5 billion to $6 billion range.
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -ESPR +26% (announced positive top-line Phase 2b results for ETC-1002 post-market 10/1; positive broker commentary this morning)
01[09:26] {@Threei}  -RLD +25% (momentum from news Starboard Value made offer to acquire the company for $12/shr)
01[09:26] {@Threei}  -WLT +13% (takeover speculation)
01[09:26] {@Threei}  -LPCN +12% (filed $100M mixed shelf)
01[09:26] {@Threei}  -ARIA +11% (FDA awarded AP-26113 breakthrough therapy designation for ALK & NSCLC resistant to Crizotinib)
01[09:26] {@Threei}  -DRL +5% (provided status update on capital plan)
01[09:26] {@Threei}  -TSLA +5% (CEO Musk says "About time to unveil the D and something else" on 10/9)
01[09:27] {@Threei}  -KNDI +4% (momentum from TSLA comments on new product)
01[09:27] {@Threei}  -VNET +4% (formed strategic partnership with China Internet Network Information Center)
01[09:27] {@Threei}  -NNVC +2.6% (Ebola momentum)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -CREE -14% (guided Q1 EPS & Rev lower citing lower global demand - - VECO -4.7% and AIXG -3.4% down in sympathy)
01[09:27] {@Threei}  -WILN -12% (updated litigation status; judge granted AAPL's motion for summary judgemen)
01[09:27] {@Threei}  -LAKE -6% (Ebola concerns abating slightly; TKMR also down 1%)
01[09:27] {@Threei}  -NLNK -5% (appointed Jack Henneman CFO, effective immediately, replacing Gordon Link)
[09:28] {RonS} so the net net is minuslink?
01[09:29] {@Threei}  lol
[09:31] {jfjf64} morning all
01[09:31] {@Threei}  jf :)
01[09:31] {@Threei} Short Setup: FB  .60 break
01[09:32] {@Threei}  fast 1:1
[09:32] {jfjf64} that fast
01[09:32] {@Threei}  I mean 1:2
01[09:32] {@Threei}  no, 1:3
[09:32] {jfjf64} hees
[09:32] {troub} good morning
01[09:32] {@Threei}  troub :)
[09:32] {jfjf64} well nice read
01[09:34] {@Threei} Long Setup:  IWM  .10 break
01[09:34] {@Threei}  If holds  108
[09:35] {nemo} should hold .95
01[09:35] {@Threei}  1:1
01[09:38] {@Threei}  1/4 more out
01[09:38] {@Threei}  stop .14
[09:41] {jfjf64} ty
[09:41] {RonS} Italian banks now being halted limit down as stocks remain under pressure post QE disappointment from ECB; Bank stocks in IT & SP down 4%-5%
01[09:44] {@Threei} Long Setup:  FB  .90 break
01[09:44] {@Threei}  If holds  .80
01[09:44] {@Threei}  Invalidated
[09:45] {nemo} that should be it
[09:46] {jfjf64} ?
[09:46] {nemo} top
[09:46] {nemo} Europe crashing
[09:46] {nemo} how do we stay up
01[09:47] {@Threei} Short Setup: GLD  .50 break
[09:47] {jfjf64} vxx
01[09:47] {@Threei}  If holds  .60
01[09:51] {@Threei}  ugh.... FB got away
[09:51] {jfjf64} iwm to our stop look
01[09:52] {@Threei}  [09:46] {nemo} Europe crashing
01[09:52] {@Threei}  [09:46] {nemo} how do we stay up
01[09:52] {@Threei}  it's not that simple... depends on why it's crashing
[09:52] {nemo} yep
01[09:52] {@Threei}  some reasons supress both, and some kill one to the benefit of the other
[09:54] {nemo} spy and finnies can't get higher
01[09:56] {@Threei} Long Setup:  DAL  .70 break
01[09:56] {@Threei}  If holds  .60
01[10:00] {@Threei}  half out
01[10:00] {@Threei}  stop .64
01[10:00] {@Threei}  *(US) AUG FACTORY ORDERS: -10.1% V -9.5%E
01[10:00] {@Threei}  ACOR Ticking higher following indication that it may appear on CNBC's Mad Money later today
[10:01] {jfjf64} caught in battle
01[10:01] {@Threei}  *(US) AUG DURABLE GOODS ORDERS REVISED LOWER TO -18.4% FROM -18.2% PRIOR
[10:03] {nemo} looks like I was one thrust behind
[10:05] {nemo} LVS
01[10:08] {@Threei}  1:1
01[10:10] {@Threei}  1/4 more out
01[10:10] {@Threei}  stop .74
[10:11] {nemo} missed LVS
01[10:22] {@Threei} Long Setup:  TWTR  .20 break
01[10:22] {@Threei}  If holds  .10
[10:26] {jfjf64} hey
01[10:27] {@Threei}  takes you a while, eh? :)
[10:27] {jfjf64} what happen
[10:27] {jfjf64} I got tossed off in dal trade anyone else
01[10:28] {@Threei}  DAL??
01[10:28] {@Threei}  10:10] {@Threei} stop .74
01[10:28] {@Threei}  closed long ago
[10:28] {jfjf64} yes
01[10:28] {@Threei}  TWTR .20 long in play now
[10:28] {jfjf64} lost connection
01[10:29] {@Threei}  nah
01[10:35] {Threei}  looks like downtrend is establishing, let's see if we can get VXX on pullback
01[10:38] {Threei} Long Setup:  VXX  .15 break
01[10:38] {Threei}  If holds  .05
01[10:42] {Threei}  1:1
01[10:43] {Threei}  1:2
[10:45] {jfjf64} stop .24
[10:46] {jfjf64} correct
01[10:46] {Threei}  yes
[10:46] {nemo} bounce time
[10:47] {nemo} SPY closed gap
[10:49] {jfjf64} .80 iwm
[10:49] {jfjf64} hold.70
[10:55] {jfjf64} what is thoughts 3i bounce
[10:55] {jfjf64} or lower
01[10:58] {Threei}  downtrend
01[10:58] {Threei}  no signs of bounce
01[10:58] {Threei}  too bad VXX balance was rinsed
[10:58] {nemo} IWM testing yesterday's low, IWM likely 193.25
[10:59] {jfjf64} yes
[10:59] {jfjf64} grinding up
[10:59] {nemo} finnies at top of gap and yesterday's lows
[11:05] {nemo} missed the bounce
01[11:31] {@Threei} Long Setup:  VXX  .45 break
01[11:31] {@Threei}  If holds  .35
02[11:31] * Disconnected
Session Close: Thu Oct 02 11:31:24 2014

Session Start: Thu Oct 02 11:31:24 2014
Session Ident: #discussions
02[11:34] * Attempting to rejoin channel #discussions
03[11:34] * Rejoined channel #discussions
01[11:34] {Threei}  1:1
01[11:37] {Threei}  1:2
01[11:44] {Threei}  1:4
01[11:44] {Threei}  out
01[11:46] {Threei}  Bending phone as a new technological achievement: first time in history Apple really combined hardware and software
[11:46] {RonS} lol
[11:48] {jfjf64} hey hey
[11:49] {jfjf64} keep getting booted
01[11:49] {Threei}  but you did get VXX trade, right?
[11:49] {jfjf64} yes sir
01[11:49] {Threei}  :)
[11:49] {jfjf64} anybody else getting booted or just me
01[11:49] {Threei}  just you
[11:50] {troub} me too
01[11:50] {Threei}  and it's all nemo's fault
[11:50] {jfjf64} what cd be on my end
[11:50] {jfjf64} platform runnin ect
01[11:50] {Threei}  kidding jf, never mind... it's server
[11:50] {jfjf64} lol
[11:50] {jfjf64} nemo fault
01[11:51] {Threei}  although techies say this looks like some external reason
01[11:51] {Threei}  hardware is fine
01[11:51] {Threei}  and software, sheesh, it's just Linux-based irc server, there is nothing to be broken there
[11:51] {troub} Putin, ISIS,or Republicans?
01[11:51] {Threei}  no idea
01[11:52] {Threei}  could also be China, democrats, teachers union
01[11:52] {Threei}  PETA
01[11:55] {Threei}  Canada: 2013-2014 budget year deficit is slashed from over $16B to just over $5B
01[11:56] {Threei}  with clear perspective of surplus in 2015
01[11:56] {Threei}  just in time for 1015 election... ese will be livid
01[11:56] {Threei}  and unless some kind of political bomb goes off, next election will be a cakewalk for Harper
[11:59] {dino} db filling bunch of gaps
01[12:00] {Threei} Long Setup:  IWM  .20 break
01[12:00] {Threei}  If holds  .10
01[12:02] {Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/723217827757735/?type=1&theater
01[12:05] {Threei}  recovery time
01[12:05] {Threei}  go IWM
[12:05] {jfjf64} any pictures of cheerleaders
01[12:07] {Threei}  1:1
[12:07] {dino} athm sm l .25
01[12:09] {Threei}  1:2
[12:09] {dino} hclp sm l .00
[12:10] {dino} feye sm l .79
[12:17] {dino} this will be down 8 of last 10 days
[12:18] {dino} out hclp .32,
[12:18] {dino} +.32
01[12:27] {Threei}  wtg
[12:30] {dino} ty
01[12:33] {Threei}  what did we have a single stop today?
01[12:33] {Threei}  the rest ranged from 1:2 to 1:4
[12:35] {jfjf64} not to shabby
[12:35] {jfjf64} gjo
[12:35] {jfjf64} job
[12:49] {dino} sn sm l .90
[12:55] {dino} o7 green
[12:55] {dino} rally time
[12:58] {dino} oujt sn .25, +.35
[13:00] {jfjf64} nice
[13:00] {jfjf64} gringing it out dino
[13:00] {jfjf64} wtg
[13:00] {jfjf64} grinding
[13:02] {dino} ty
[13:04] {dino} markets want green
[13:04] {nemo} buying starting to come into the market
[13:06] {dino} out athm .01, +.76
[13:08] {dino} out feye .05, +.26
[13:13] {dino} we filled the s/p gap and can within 20 of the dji gap, worst may be over
[13:13] {nemo} yeah, algo has 8% side switcher from weak to strong
[13:13] {nemo} that's looking like a selling bottom
[13:13] {dino} tmus spike
[13:14] {nemo} spy will go for stops the other side of 194 probably
[13:14] {dino} news tmus?
[13:15] {dino} sm s .00
[13:15] {nemo} not since this morning
[13:16] {dino} cov .80, +.20
01[13:18] {Threei}  don't see any
01[13:18] {Threei}  here it is
01[13:18] {Threei}  TMUS Ticks higher on renewed reports that Iliad could boost its offer for a larger stake in the company
[13:19] {dino} i chickened out on the short
[13:21] {nemo} yep, this looking more and more like the bottom
[13:21] {dino} btfd
[13:26] {dino} green
[13:31] {dino} damn, made money but sold all of those above way too soon
[13:42] {nemo} interesting. Goldman Sachs never went red today
[13:48] {nemo} VXX
[14:07] {nathan} hi all
01[14:09] {Threei}  hey nathan
[14:11] {nathan} everything ok with logix today?
01[14:11] {Threei}  yes
01[14:11] {Threei}  with market too
[14:11] {nemo} no...I'm having connection problems
[14:11] {nathan} me too
01[14:11] {Threei}  really? none here
[14:12] {nemo} look at your server message menu
[14:12] {nathan} reconnecting...
[14:12] {nemo} yeah
[14:12] {cosmo} I've been going up and down all day here
[14:12] {nathan} what TTR u get nemo?
01[14:12] {Threei}  must be route specific
[14:12] {nemo} terrible 150
[14:12] {nemo} no
[14:13] {nathan} me 237
01[14:13] {Threei}  what is the good number?
[14:13] {nemo} that's a connection to LOGIX Vad, not the ECN
[14:13] {nathan} { 140ms
01[14:13] {Threei}  I mean internet route, not execution route
[14:14] {nathan} at home so far works fine, 10Mbps
[14:16] {nemo} I have 95 mbps and a 19ms ping from Boston to New Jersey, but my connection to Logix sucks
01[14:17] {Threei} Long Setup:  IWM  109 break
01[14:17] {Threei}  If holds  .90
01[14:21] {Threei}  Invalidated
[14:22] {nemo} .80 is support
[14:38] {jfjf64} valid again 3i
[14:38] {jfjf64} ??
01[14:38] {Threei}  yes, same condfition
[14:43] {jfjf64} hod .14
01[14:43] {Threei}  1:1
[14:45] {jfjf64} common baby
01[14:50] {Threei}  1:2
[15:14] {nathan} well gents have a good evening
[15:15] {nathan} cya tomorrow
01[15:15] {Threei}  take care nathan
01[15:30] {Threei} Long Setup:  VXX  .45 break
[15:32] {jfjf64} die mkt
01[15:32] {Threei}  1:1
01[15:44] {Threei}  thank you all, great day
01[15:44] {Threei}  have a good evening
01[15:44] {Threei}  see you tomorrow