Wednesday, December 3, 2014

Dec 03 2014

Positive day although nothing extraordinary happened. Just your another day in the office.


Session Time: Wed Dec 03 00:00:00 2014

[08:55] {JoebiWan} gm
01[08:55] {@Threei}  jw :)
[09:03] {dptl} good morning
01[09:03] {@Threei}  dp :)
[09:17] {Jenh} gm
01[09:18] {@Threei}  jen :)
[09:25] {jfjf64} mornin
01[09:25] {@Threei}  jf :)
01[09:25] {@Threei}  where is Ron?
01[09:28] {@Threei}  Upside:-MOLG +32% (momentum swing)-SQNM +26% (announced license agreement with ILMN, receiving $50M upfront)-GIII +4.5% (earnings)-ONVO +4% (collaborates with Yale to develop 3D organ tissues for surgical transplantation research)-PRTA +3.7% (issued health update for CEO)-LOCO +2.9% (positive broker commentary)-ANF +2.5% (earnings)-ADMA +30% (Phase III data)
01[09:28] {@Threei}  Downside:-PBYI -17% (delaying proposed timeline for filing PB272 NDA until Q1 '16; negative broker commentary)-JCP -4.9% (negative broker commentary)-TASR -4.7% (negative broker commentary/momentum wanes)-MPLX -4.2% (priced 3M common units at $66.68/shr)-ICPT -3.7% (price target lowered by FBR & Co.)
01[09:33] {@Threei} Long Setup:  JPM  .88 break
01[09:33] {@Threei}  If holds  .80
01[09:36] {@Threei}  1:1
01[09:38] {@Threei}  1/4 more out
01[09:38] {@Threei}  stop .89
01[09:39] {@Threei} Short Setup: GLD  .60 break
01[09:39] {@Threei}  If holds  .70
[09:41] {dptl} more ou jpm ty
01[09:41] {@Threei}  1:2  JPM
01[09:41] {@Threei}  yw
01[09:42] {@Threei}  1:3
01[09:42] {@Threei}  out
01[09:43] {@Threei}  no go GLD
[09:43] {dptl} out more...traling last to under .10
01[09:44] {@Threei}  hehe... greed took over dp
[09:44] {dptl} 100 sh left....:)
01[09:44] {@Threei}  that's OK, greed is good
[09:44] {dptl} out ...
[09:45] {dptl} :)
01[09:45] {@Threei}  1:4
01[09:45] {@Threei}  nice
[09:45] {dptl} good one ty
01[09:45] {@Threei}  :)
01[09:46] {@Threei} Long Setup:  WMT  .40 break
01[09:46] {@Threei}  If holds  .30
01[09:48] {@Threei}  Invalidated
01[09:53] {@Threei} Long Setup:  DAL  .10 break
01[09:53] {@Threei}  If holds  45
01[09:58] {@Threei}  nope
[09:58] {dptl} out dal
01[09:59] {@Threei}  *(US) NOV ISM NON-MANUFACTURING COMPOSITE: 59.3 V 57.5E
01[10:03] {@Threei} Short Setup: CAT  .60 break
01[10:03] {@Threei}  If holds  .70
[10:04] {dptl} vlo .50 long?
01[10:06] {@Threei}  1:1
01[10:06] {@Threei}  yes
[10:07] {nemo} anybody having data hiccups
01[10:08] {@Threei}  looks ok here
[10:08] {nemo} HAL
[10:10] {nemo} red side filling out
[10:11] {dptl} out second part cat
[10:11] {dptl} vlo got away
[10:12] {nemo} refiners should really perform well if oil stays down
01[10:14] {@Threei} Long Setup:  MCD  .05 break
01[10:14] {@Threei}  If holds  .95
[10:15] {nemo} even battle now on algo
[10:16] {dptl} dont understand mcd set up Vad?
01[10:17] {@Threei}  Invalidated
[10:18] {dptl} what did you see?
01[10:18] {@Threei} Long Setup:  TWTR  .70 break
01[10:19] {@Threei}  Invalidated
01[10:20] {@Threei} Long Setup:  TWTR  .60 break
01[10:20] {@Threei}  If holds  .50
01[10:20] {@Threei}  change to .50
01[10:21] {@Threei}  If holds  .40
01[10:23] {@Threei}  1:1
[10:24] {dptl} out half
[10:25] {dptl} ty
[10:25] {dino} tap sm l .85 stop lod
[10:25] {nemo} DE
[10:28] {dptl} out  twtr
[10:29] {dptl} :) rinse
01[10:33] {@Threei}  yeah
01[10:34] {@Threei}  MCD got away
[10:36] {dino} tap stop -.20
01[10:36] {@Threei}  hah... hey dino
[10:38] {dino} :)
[10:44] {jfjf64} dino
[10:44] {jfjf64} tap
[10:45] {nemo} figures, a Canadian company
01[10:45] {@Threei} Long Setup:  FB  .60 break
01[10:45] {@Threei}  If holds  .50
[10:45] {nemo} 74 is quarterly vwap
01[10:46] {@Threei}  1:1
[10:50] {dptl} where is stop now Vad? almost reach 1:2
01[10:52] {@Threei}  .64
[10:52] {dptl} k
[10:55] {dptl} out
[10:55] {nemo} with SPY kissing the ATH and the Weekly R1 everything got very tentative...and I have no booze
[11:01] {dptl} i know that pain Nemo :)
01[11:03] {@Threei}  nemo, you better cancel your trip to Murmansk
01[11:03] {@Threei}  http://www.bbc.com/news/blogs-news-from-elsewhere-30311546
[11:04] {dptl} lol
[11:04] {ese} morning just poping in to say hello.......Christmas shows last 3 nights am bagged
[11:04] {ese} hows it goin
01[11:04] {@Threei}  hey ese
[11:05] {ese} only 6 more to go next 2 ½ weeks
[11:05] {dptl} you Santa Ese?
[11:05] {ese} hey vad
[11:06] {ese} hey!!!!!!!! dddddddddddddddddddpppppppppppppppppp!!!!!!!!!!!!!!!!!! how are ya?
[11:06] {ese} feels like it sometimes
[11:07] {dptl} hey ese :)
[11:07] {dptl} jingle bells eh....lol
01[11:10] {@Threei} Long Setup:  FB  .80 break
01[11:10] {@Threei}  If holds  .70
[11:11] {nemo} looks short to me
[11:14] {nemo} wow, that was a candle in ctrp
01[11:16] {@Threei}  1:1
[11:17] {dptl} out half ty
[11:19] {dino} anet sm l .57 stop lod
[11:25] {dptl} out fb
[11:28] {dptl} watch it to rinse us again lol
[11:28] {nemo} it can't get above vwap
01[11:29] {@Threei}  grr
[11:29] {dptl} lol..i am telling you....
01[11:29] {@Threei}  second time it does that
[11:29] {nemo} brk/b bottomed at pivot, that should give support to the market
[11:29] {dptl} yep...bustard
[11:35] {nemo} HUM
[11:40] {dptl} vlo
[11:40] {dptl} may take off now
[11:41] {nemo} yup
[11:41] {nemo} time of day only difficulty
[11:41] {dptl} that and no booze fact :)
[11:42] {nemo} don't remind me
[11:42] {dptl} lol
[11:42] {dino} out anet .00, +.43
[11:42] {nemo} how does she feel about that?
[11:44] {dptl} freaking fb....now we can wait till it rinses people who got in on 75 break and enter :)
[11:45] {nemo} this is late August trading at its best
01[11:47] {@Threei} Long Setup:  VXX  .65 break
[11:48] {dptl} with .59 stop ?
01[11:49] {@Threei}  couple cents more, to protect against easy rinse
[11:55] {nemo} iwm looks long here
[11:57] {nemo} nope
[12:15] {dptl} you moving stop Vad? or stil under .59?
01[12:15] {@Threei}  not much room to move it :)
[12:16] {nemo} MON
01[12:29] {@Threei}  1:1
[12:29] {dptl} half out ty
01[12:32] {@Threei}  :)
[12:35] {dptl} where is your stop now Vad?
01[12:35] {@Threei}  .64
[12:35] {dptl} ok
[12:40] {dptl} under .70 now...almost reached 1:2
01[12:41] {@Threei}  yes
[12:50] {dptl} out
[12:53] {dptl} and while mr . president talks, gonna step out for some time
[12:57] {nemo} 33 million spy shares half way through the day, wow
[13:03] {nemo} MON seller .35
[13:15] {nemo} mon
[13:15] {nemo} sorry
[13:16] {nemo} damn, seller lifted
01[13:31] {@Threei} Long Setup:  IWM  .20 break
01[13:34] {@Threei}  stop .09 for now, trail to .14 after .25 break
[13:34] {dptl} ok
[13:45] {dptl} out
[13:46] {dptl} hal .95 short?
01[13:46] {@Threei}  nah
01[13:55] {@Threei}  or yes
[13:55] {dptl} ye :) worked
[14:03] {dptl} cmcsa .20 long? daily looks good
[14:08] {JoebiWan} long sdrl .26
01[14:10] {@Threei}  yup
[14:10] {dptl} where would you put stop?
[14:11] {dptl} .14 or .09?
01[14:11] {@Threei}  both are valid
[14:11] {dptl} k
[14:12] {nemo} going for the  new SPY high
01[14:13] {@Threei}  SDRL 1:1 jw
01[14:13] {@Threei}  good find
[14:13] {JoebiWan} half out
[14:14] {JoebiWan} ty
[14:14] {dino} gj
[14:24] {dptl} stopped cmcsa
[14:25] {nemo} mmmhh...spy doesnt want to go through the weekly R1
01[14:26] {@Threei}  lol
01[14:26] {@Threei}  I can count on one hand the number of times I’ve visited Chernobyl… it’s 14
[14:26] {JoebiWan} lol
[14:26] {dptl} lol
[14:27] {nemo} thought u had fins
01[14:28] {@Threei}  with fingers
[14:29] {nemo} mmmhhh, IWM almost looking short
[14:29] {nemo} just can't believe they don' run the SPY
01[14:30] {@Threei}  speaking of which... accident at nuclear plant in Ukraine this last night
01[14:30] {@Threei}  they say no radiation leak
01[14:30] {@Threei}  chernobyl veterans say of course not... and run as far as they can
[14:32] {nemo} Shit
01[14:32] {@Threei}  yes, they say this too
[14:32] {dino} utiw spike
[14:33] {dptl} hal .95 long now?
01[14:33] {@Threei}  yes
01[14:33] {@Threei} Long Setup:  JPM  .40 break
[14:33] {dptl} in, .85 stop
01[14:34] {@Threei}  If holds  .33
[14:36] {dptl} shit...stopped hal
[14:36] {nemo} 41 bogey, been under vwap all day...weak
01[14:36] {@Threei}  I am watching what you are dping dp, and can't help but ask... you started day profitable, right?
[14:36] {dptl} yes
[14:37] {nemo} does "dp" stand for dumb phuck?
01[14:37] {@Threei}  so, profit preservatiokln procedure is designed for whom?
01[14:37] {@Threei}  Pushkin?
[14:37] {dptl} ye...done that again ...damn it
06[14:38] * @Threei slaps dptl around a bit with a Standart Operating Procedure Manual, 1844 pages, weighing 5 lb
[14:39] {Jenh} what is the profit preservation procedure?
[14:39] {nemo} vodka, and shut down your trading software
[14:39] {Jenh} lol, seriously
[14:39] {Jenh} is there one?
01[14:40] {@Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[14:40] {dino} when up well, stay up
[14:40] {nemo} oh great, Vad gonna' get long winded on this one
01[14:40] {@Threei}  nope
01[14:40] {@Threei}  already did, so just post a link :)
[14:40] {nemo} she's female dino, I don't think that's a concern
[14:40] {Jenh} thanks
[14:40] {dino} enva drop
[14:41] {nemo} IWM looks good .40 break
[14:42] {dino} sm l .70 ave enva
[14:42] {nemo} sheesh, tried to get .87 tna
01[14:43] {@Threei}  half out JPM
01[14:43] {@Threei}  stop .39
[14:46] {dptl} out half jpm ty
01[14:46] {@Threei}  yw
[14:47] {dptl} so stupid of me...should of stoped at lunch
[14:49] {dino} it happens dp, shake it off
[14:50] {dino} i was too timid today, missed a bunch of big moves
01[14:52] {@Threei}  timid dino
01[14:52] {@Threei}  now I've seen everything
01[14:52] {@Threei}  if I die tomorrow, no worry
[14:52] {nemo} hope springs eternal
01[14:52] {@Threei}  there is nothing under the sun I havcen't seen yet
[14:52] {dino} yeah, sold anet dollar too soon, missed my bofi entry by nickle, thing went buck. vacation has me second guessing today
[14:53] {nemo} lesson:  no vacations
[14:53] {JoebiWan} oh yeah, how was golf?
[14:53] {nemo} joebi blonde kenobi
[14:53] {dino} nemo, you're right.
[14:54] {nemo} send the wife and kids
[14:54] {dino} joebi, great time, great weather
[15:01] {dino} out enva .00, +.30
[15:01] {JoebiWan} gj
[15:02] {dino} ty
[15:03] {dino} utiw smr s .40
01[15:05] {@Threei} Long Setup:  IWM  .40 break
01[15:05] {@Threei}  If holds  .30
[15:05] {dino} bs is .52, not sure whats up w/it
[15:06] {JoebiWan} got .50 out of enva thanks dino
[15:06] {dino} wtg
[15:06] {dino} you and ron always out trading me on my picks
[15:10] {dino} cov utiw .00, +.40
01[15:11] {@Threei}  1:1  IWM
[15:12] {dptl} out half
[15:13] {nemo} here it comes
[15:13] {nemo} a penny short
[15:15] {dptl} you moving jpm stop Vad?
[15:15] {dptl} .44?
01[15:16] {@Threei}  not yet
01[15:16] {@Threei}  after .55 break
[15:16] {dptl} ok
[15:16] {dino} joebi, no utiw/
[15:16] {JoebiWan} nope
[15:17] {dino} you short, right?
[15:17] {JoebiWan} no
[15:17] {dino} why not?
[15:17] {JoebiWan} distracted, missed
[15:17] {nemo} New ATH
[15:18] {dino} ok, i thought you ment you did not short stocks
01[15:28] {@Threei}  trail JPM
[15:28] {dptl} yes
01[15:29] {@Threei}  xome on IWM, take .50
01[15:29] {@Threei}  and run
01[15:29] {@Threei}  fly
01[15:29] {@Threei}  crawl
01[15:30] {@Threei}  whatever
[15:31] {nemo} central bank prints and buys prints and buys prints and buys
01[15:31] {@Threei}  1:2
[15:31] {dptl} out iwm
01[15:32] {@Threei}  back in black, dp?
[15:32] {dptl} gross yes ..but net not yet
[15:33] {dptl} with jpm help will be :)
01[15:35] {@Threei}  1:2  JPM
01[15:35] {@Threei}  (close enough for 1/4 more out)
[15:35] {nemo} mmmhh...IWM might explode above .60
01[15:35] {@Threei}  stop to .49
[15:35] {nemo} they're running this thing
01[15:35] {@Threei}  ok, final push, both of you
[15:35] {dptl} got some more out
[15:36] {nemo} 118 on the table for IWM
01[15:41] {@Threei}  dp, could you please look right in the center of your monitor, then raise your head just a tad and turn it to the left about 15 degrees?
[15:43] {dptl} :) if you mean time , its about 15 degrees on the right lol
06[15:43] * @Threei slaps dptl around a bit with a skate wing soaked in soy sauce and covered with bread crumbs, with some rosemary needles
[15:43] {nemo} omg, I can short baba
[15:44] {dino} would you want to?
[15:44] {nemo} no...I'm just amazed I can...haven't been able to short IWM in at least a month
[15:46] {dptl} i am out jpm ty.....
01[15:46] {@Threei}  yw
01[15:46] {@Threei}  fixed the day, right?
[15:47] {dptl} let me see....
[15:48] {dptl} i think with all the fees would be just about break even
01[15:48] {@Threei}  ok... go and sin no more
[15:50] {dptl} yeah....the strange thing is i had that thought in my mind when i steped away for a min , but i didt pay attention to it
[15:52] {dptl} its like somebody wispered in my ear dp:"profit protection mode", i thought ok, and next minute forgot all about it...lol
01[15:52] {@Threei}  it was a little green nemo on your shoulder
01[15:53] {@Threei}  next time you ignore him, he will bite your ear off
[15:53] {dptl} lol ...
01[15:53] {@Threei}  closed JPM
01[15:53] {@Threei}  ok guys, thank you all
01[15:53] {@Threei}  have a good evening, see you tomorrow
[15:53] {JoebiWan} thx vad
[15:53] {Jenh} ty! gn
[15:54] {dino} gn
[15:54] {dptl} ty...gn all