Tuesday, December 23, 2014

Dec 23 2104

Very quiet (as expected) but nicely profitable day. Handling this holiday period very well


Session Time: Tue Dec 23 00:00:00 2014

[09:03] {dino} gm
[09:06] {dptl} gm
01[09:07] {@Threei}  hey guys
[09:11] {RonS} ho ho ho everyone
[09:11] {cosmo} sounds like work
01[09:12] {@Threei}  ron :)
01[09:12] {@Threei}  lol
[09:19] {Jenh} gm
01[09:19] {@Threei}  jen :)
[09:21] {RonS} wow oil spike over gdp and right back down
01[09:22] {@Threei}  feels like oil bottom is nowhere near reached
[09:24] {dino} low 40s gut
[09:25] {RonS} cat 7 day pre high
[09:25] {RonS} fb ath
01[09:25] {@Threei}  exactly where my gut puts it dino
01[09:25] {@Threei}  -VNDA +20% (registers 1.8M shares)
01[09:25] {@Threei}  -JRJC +20% (earnings)
01[09:25] {@Threei}  -CYT +18% (signed expansion of collaboration with Astellas for development of CK-2127017 in spinal muscular atrophy)
01[09:25] {@Threei}  -NQ +16% (approved $80M share repurchase program)
01[09:25] {@Threei}  -ICLD +11% (signed $6.2M professional services contract for a Tier 1 client)
01[09:25] {@Threei}  -AEIS +5.7% (exploring strategic alternatives for solar inverter business, expects to record $10-14M non-cash inventory charge)
01[09:25] {@Threei}  -ARIA +6% (announced co-development of Iclusig to treat leukemias with Otsuka)
01[09:25] {@Threei}  -CHK +4.5% (closed Southern Marcellus & Utica Shale sale; approves $1B repurchase)
01[09:25] {@Threei}  -REXX +4% (cutting '15 capex outlook & updates production guidance)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -DRL -50% (reports that the FBI raided an office)
01[09:26] {@Threei}  -GMCR -3% (recalls 7M MINI Plus Brewing Systems due to burn hazard)
01[09:26] {@Threei}  -SCS -5% (earnings)
[09:28] {RonS} Oil dropping. Boone changes name to Slim
[09:29] {cosmo} ...and Slim rides the bomb
[09:29] {RonS} 3i...T Boone Pickens to Slim Pickens...one of my favorite character actors
01[09:30] {@Threei}  got it
01[09:30] {@Threei}  (see, I am not hopeless)
01[09:31] {@Threei}  (but need some explanations)
01[09:31] {@Threei} Short Setup: FB  .90 break
01[09:31] {@Threei}  If holds  82
01[09:31] {@Threei}  1:1
01[09:34] {@Threei} Short Setup: JPM  .10 break
01[09:34] {@Threei}  If holds  .20
[09:35] {dino} out mei calls from thursday, +1.10 / +37%
01[09:36] {@Threei}  nice
[09:37] {dino} ty
01[09:42] {@Threei}  FB nice drop
01[09:43] {@Threei}  no go JPM
01[09:45] {@Threei} Long Setup:  TWTR  .85 break
01[09:45] {@Threei}  If holds  .75
01[09:46] {@Threei}  should be easy 1:3er
01[09:46] {@Threei}  1:1
01[09:47] {@Threei}  1:2
[09:48] {dptl} ty
[09:49] {Jenh} ty 3i!
01[09:49] {@Threei}  yw
01[09:49] {@Threei}  hoped for more
01[09:49] {@Threei}  but market and FB drop kept it
01[09:53] {@Threei} Long Setup:  FB  81 break
01[09:53] {@Threei}  If holds  .90
01[09:53] {@Threei}  TWTR is doing it now... grrr
01[09:53] {@Threei}  1:1  FB
01[09:54] {@Threei}  1:2
[09:54] {dptl} missed
01[09:55] {@Threei}  *(US) DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 93.6 V 93.5E
[09:57] {JoebiWan} out fb ty 3i
01[09:59] {@Threei}  yw
01[09:59] {@Threei}  1:3
01[10:00] {@Threei}  *(US) NOV NEW HOME SALES: 438K V 460KE -
01[10:00] {@Threei}  10:00 *(US) NOV PERSONAL INCOME: 0.4% V 0.4%E; PERSONAL SPENDING: 0.6% V 0.5%E
[10:01] {dino} rcpt drop, amgn drop
[10:02] {dino} asps sm l .15
[10:08] {nathan} hi gents
01[10:09] {@Threei}  hey nathan
[10:09] {nathan} glad to "see" you
01[10:09] {@Threei}  :)
01[10:10] {@Threei}  btw guys, remember ese went to Nanaimo last week?
01[10:10] {@Threei}  well... we might not see him for a while:
01[10:10] {@Threei}  Nanaimo RCMP seized high powered rifles, ammunition, cash, cocaine, and other drugs from a Nanaimo home early Sunday morning. Police are recommending firearms and drug charges
[10:11] {dptl} lol
[10:11] {Jenh} lol
[10:11] {nathan} lol
[10:11] {dptl} musicians eh...all cover up
[10:11] {JoebiWan} ese's a rapper?
01[10:11] {@Threei}  he will try to plead "that was just christmas gift for extended family"
01[10:12] {@Threei}  drummer, jw :)
[10:12] {dptl} right...thats what we thought
[10:15] {ese} gm
[10:15] {dptl} lol
01[10:15] {@Threei}  ese!
[10:15] {ese} lol
01[10:15] {@Threei}  you are out? on a bail?
[10:15] {dptl} here he is...escaped
[10:15] {ese} that was funny.....just got back from vancouver....
[10:16] {Jenh} amazing timing ese
01[10:16] {@Threei}  got it... swam across the sound from nanaimo
01[10:16] {@Threei}  escaping the police
[10:16] {ese} i feel like i'm out on bail.....what can i say...i'm a drummer....i've got great timing
01[10:16] {@Threei}  hehe
[10:17] {Jenh} lol good one
01[10:18] {@Threei} Short Setup: DAL  47 break
01[10:18] {@Threei}  If holds  .10
01[10:22] {@Threei}  1:1
[10:24] {nathan} thx Vad
01[10:24] {@Threei}  :)
01[10:25] {@Threei}  1:2
[10:25] {dptl} ty
01[10:25] {@Threei}  yw
[10:26] {RonS} gild freefall
[10:27] {RonS} ....when 1.3 bil shares want out...
01[10:27] {@Threei}  1:3
[10:28] {JoebiWan} gj vad
01[10:28] {@Threei}  ty
01[10:28] {@Threei}  awww
01[10:28] {@Threei}  Itake it back
01[10:29] {@Threei}  right answer: yeah, I know
01[10:29] {@Threei}  lost my dude-like cool
[10:30] {dptl} cop .40 recross long?
01[10:32] {@Threei}  yes
01[10:32] {@Threei}  nice setup
01[10:32] {@Threei}  half lot
01[10:32] {@Threei}  spread got jumpy
[10:33] {dptl} out some .50
01[10:33] {@Threei}  out DAL in full
01[10:33] {@Threei}  almost touched 1:4
[10:34] {dptl} all out cop 1:3
[10:34] {JoebiWan} ty dp
[10:34] {RonS} biotech murdered
[10:34] {dptl} sure dude yw
[10:34] {JoebiWan} lol
[10:34] {dptl} lol
01[10:35] {@Threei}  dudeness takes over the room
01[10:35] {@Threei}  good catch COP
01[10:35] {@Threei}  love this kind of setups
[10:36] {dptl} learning from the best dudes
[10:36] {JoebiWan} what kind of setup would you consider that?
[10:37] {dino} rcpt gap fill
01[10:38] {@Threei}  this is aggressive entry on C&H, jw
01[10:39] {@Threei}  cap just started turning up from the bottom,
01[10:39] {@Threei}  pullback that formed it ended with nice downward candlestick
01[10:39] {@Threei}  pure beauty
[10:40] {JoebiWan} i see now ty
01[10:40] {@Threei}  yw
[10:42] {dino} rcpt smr l ave .92
[10:52] {RonS} wonder if gild gets to $80 today...
[11:00] {dptl} dal long?
[11:01] {dino} scanners slow
01[11:01] {@Threei}  not sure
[11:01] {dptl} ok
[11:01] {RonS} not here, big cap biotech gone totally pulp
[11:02] {ese} L rfmd .32
[11:06] {dino} espr drop
[11:07] {nathan} brb
[11:09] {RonS} klic ing on all cylinders
[11:11] {RonS} jazz blue note
[11:13] {RonS} gnrc kicking in
[11:17] {RonS} gpro could get fast... lockup expired on 38 mil shares, more than doubling outstanding but 12 million are short
[11:26] {dino} lockup exp today ron?
[11:27] {RonS} yes
[11:37] {ese} rfmd stopped .22 -.10
[11:38] {ese} rats......damn thing proved me wrong........I hate that
[11:38] {RonS} bummer dude
[11:38] {ese} lol
01[11:45] {@Threei}  The excellent GDP data has further strengthened the greenback and helped send the dollar index out to nine-year highs. EUR/USD dipped below 1.2180 and USD/JPY is headed for 121. USD/RUB remains around 55 following reports that Russia PM Medvedev told the country's largest state exporters to sell off their foreign currency reserves to help stabilize the currency.
01[11:46] {@Threei}  WTI crude is once again hovering around $55 this morning. Gulf OPEC members were commenting earlier that they expect global oil prices to rebound to $70-80 by the end of 2015 as the global economic recovery revives demand. In a CNBC spot, T Boone Pickens said lower North America rig counts and shale industry consolidation would help the US energy sector in 2015.
01[11:46] {@Threei}  Biotech is getting hit hard for a second consecutive session this morning as traders examine the repercussions of the Express Scripts/AbbVie deal. The Nasdaq index is being pulled lower by the losses, and the Nasdaq Biotech index is down 3.3% as of writing, its biggest intraday loss since April.
[11:51] {ese} don't even think about reversing now ya malignant little bastard.....tank at least another .15 to .20......then ....if your lucky i might think about going long again....
[11:52] {ese} so there
[11:54] {ese} one must picture this to get the full effect......10 of us....alone sitting in a room somewhere yelling and screaming at at stock name on a display screen......
[11:54] {ese} awesome
01[11:55] {@Threei}  sorry... 9
01[11:55] {@Threei}  I am the one looking at you all with this "they must be crazy" look
[11:55] {ese} rotflol
[11:55] {ese} you don;t count .......is that what your saying
[11:57] {cosmo} and if you're screeming at everything all the time anyway, that doesn't count either
[11:58] {ese} ummmmmmmm.........ok........i can buy that
[11:58] {dino} lol ese, i yell at them daily
[11:59] {ese} I do something like.......vad!!!!!!!! that no good for nuttin snake....hes the the one!!!!!!! ya ...hes the one that got me into this
[12:01] {ese} teeth crunching....fists clenched.......blood presure over the moon......pretty much explains my situation
06[12:02] * @Threei takes away ese' coffee fir a month
[12:03] {ese} ha ha......no effect....now take away the shiskabob party?   ...that would be devastating
[12:05] {ese} AND!!!!!!! if your not careful........i can drive a golf ball from the 14th at Cordova Bay GC into your back yard..........so there!
[12:07] {dptl} man... Nanaimo must be really bad place lol
[12:08] {ese} We had a really fun show up there and quite meaningful actually......
[12:09] {ese} The fellow who hired us he has a company it's called Jones Marine group he has a fleet of 12 to 13 tugboats
[12:09] {ese} He's had a rough year his wife has contacted adrenal cancer and one of his tugs sank last October
[12:10] {ese} But the one thing that he wanted was to have my rhythm and blues band at his Christmas party was quite an honor
[12:10] {dptl} i never been in Nanimo yet...believe it or not
[12:11] {ese} huh....really
[12:11] {dptl} yeap
[12:12] {ese} It's no big whoop some of the small towns along the way I find are a little more interesting
[12:13] {dptl} got to make a trip one day around your island
01[12:13] {@Threei}  that won't be one day
[12:14] {ese} strip mall capital of the world I think
01[12:14] {@Threei}  as much as I love the whole island, Nanaimo is one place I hate
[12:15] {ese} i agree with you
[12:15] {ese} Not to mention that half the town is owned by the Hells Angels biker gang
01[12:17] {@Threei}  well... while you were out there, I told the room about it... and added that this was actually the reason for your trip.
01[12:18] {@Threei}  maintaining connections, you know
[12:18] {dptl} lol
01[12:18] {@Threei}  keeping in touch
[12:18] {ese} lol
01[12:18] {@Threei}  reunion
01[12:18] {@Threei}  reliving good times
01[12:19] {@Threei}  in short, I have done my part to keep your reputation up to the room standards
[12:19] {ese} awesome
01[12:19] {@Threei}  nemo was very impressed
01[12:20] {@Threei}  asked me to give you his warmest hug
01[12:20] {@Threei}  (whihc normally includes poisonous claw in the back)
01[12:22] {@Threei} Short Setup: GLD  .10 break
01[12:22] {@Threei}  If holds  .20
[12:22] {ese} L rfmd .20
[12:25] {dptl} fb .81 long?
[12:26] {ese} fb chart looks like a duplicate of mine
01[12:30] {@Threei}  probably
[12:32] {dptl} invalidated
01[12:36] {@Threei}  Ukraine votes to move toward NATO, infuriating Russia
01[12:36] {@Threei}  funny, a year ago Ukraine wasn't even close to the idea of joining NATO
01[12:37] {@Threei}  maybe try not to attack your neighbors so they seek protection from you in military unions with your opponents?
[12:37] {cosmo} they had their gold then
01[12:37] {@Threei}  what gold... who cares about it
01[12:38] {@Threei}  Russian Foreign Minister Sergei Lavrov called the move "counterproductive" and said it would inflame tensions.
01[12:38] {@Threei}  yeah, starting war didn't inflame any tensions
[12:41] {dptl} dal? long?
01[12:41] {@Threei}  not on breakout
[12:41] {ese} L some more rfmd avg .16785
[12:42] {dptl} ok
[12:43] {dptl} out gld
[12:50] {RonS} SYK for SNN rumor
[12:53] {RonS} BREAKING: Stryker planning takeover offer for U.K. medical device maker Smith & Nephew soon, sources say http://bloom.bg/1E8kwVA
[13:16] {RonS} sune acting like it wants to launch...long jan 20 calls .80
[13:32] {nathan} well gents have a gn
[13:32] {nathan} try to c u tomorrow
01[13:32] {@Threei}  take care nathan
[13:36] {RonS} wow:  This incredible chart shows how much money Facebook makes compared to Twitter, LinkedIn and Yelp -} http://stks.co/c1PTX
01[13:38] {@Threei}  imprwessive
01[13:39] {@Threei}  but ese thinks zukerberg is a fool
[13:39] {RonS} ya well, the market thinks Dick Costello is a fool...
[13:47] {dino} fb wants 100
[13:59] {RonS} wow, a gal visiting her parents from down the street dropped off some Christmas cookies...used to be a pouty 13 year old...later in college thought o chem was easy, now a 2nd year med student and gorgeous...unreal
01[13:59] {@Threei}  friking GLD
01[13:59] {@Threei}  rinsed
[14:00] {dino} easy there ron, control yourself
[14:01] {RonS} ugly duckling deal...stunning transformation
[14:01] {dino} good for her
01[14:03] {@Threei}  tough for ron
01[14:04] {@Threei}  let me reiterate: frikin GLD
[14:05] {dptl} abbv .50 long?
01[14:05] {@Threei}  yes
[14:05] {dino} abbv sm l .52
[14:06] {dptl} same here
01[14:06] {@Threei}  but you are getting in the way of me grieving GLD traitor act
01[14:07] {@Threei}  I am contemplating getting even with it and calling nemo to help hide the body
[14:14] {RonS} taro dealt bad cards
01[14:16] {@Threei}  not bad
01[14:16] {@Threei}  not bad at all
[14:18] {RonS} ty, but no thrill w/o a nemo groan...
01[14:19] {@Threei}  I think he is in permanent blackout today
01[14:19] {@Threei}  but fear not - if turns out he had to leave for some reason, I will make sure and copy/paste this to him
01[14:20] {@Threei}  so it won't be in vain
[14:21] {Jenh} g2g. see you guys tomorrow. gn!
[14:24] {RonS} trying to maintain decorum...but w/ jen gone:
[14:24] {RonS} wind is blowing here like a Saskatoon hooker in winter:  fast, cold, and furious...
[14:24] {dptl} out some abbv
[14:26] {dino} celg smr l .00
[14:27] {dptl} out
01[14:28] {@Threei}  lol ron
01[14:29] {@Threei}  you need ese to really get this one
01[14:29] {@Threei}  he lived there for a good while
[14:33] {dptl} that was my first city when i landed in Canada
01[14:34] {@Threei}  ok... so you get that one too {G}
[14:34] {dptl} in september,.....and by december i was gone :)
[14:35] {dptl} some place i must say...lol
01[14:35] {@Threei}  no kidding
[14:35] {dino} taking amba off from fri, +.91 / .28%
[14:35] {dino} calls that was
[14:35] {dino} calls they were, sounds better
01[14:36] {@Threei}  hehe
[14:37] {dino} stop celg -.30
[14:37] {dptl} dont know if tomorrow even worth to get up
[14:38] {dino} wondering the same dp, friday too
[14:40] {dino} wednesday & thursday holidays really mess with the trading week
[14:40] {dino} celg rinsed
[14:41] {dptl} lol
01[14:42] {@Threei}  friday is sure to be useless
[14:42] {dptl} in a escort section of news paper an ad says: let me jingle your bells....lol
01[14:42] {@Threei}  about tomorrow, don't know... maybe first couple hours make sense
[14:42] {nemo} half day tomorrow?
01[14:42] {@Threei}  as people will try to reshuffle their positions ahead of 4 days away
01[14:42] {@Threei}  yes
01[14:43] {@Threei}  nemo, this was for you and I promised Ron you'll see it:
01[14:43] {@Threei}  [14:14] {RonS} taro dealt bad cards
[14:43] {nemo} woof
[14:45] {dptl} you still in Dino? abbv
[14:48] {dino} wtf celg
[14:48] {dino} yes abbv
[14:52] {dptl} ocn...looking for a short set up
[14:53] {RonS} 48 hours ago?
[14:53] {dptl} lol..ye
[14:57] {dino} adding celg calls
[14:59] {dino} not sure on ocn, asps, aamc. they were seriously crushed yesterday
[14:59] {dptl} i am just looking...
[15:01] {dino} dp, not advising, just thinking out loud, do what you want, this is not my type of trading week
[15:05] {dptl} yeah... its a very slow week....
01[15:10] {@Threei}  not really surprising
[15:12] {nemo} 'mmmmhhhh XOP might be shaping up short, but slow market
[15:21] {JoebiWan} gld
01[15:22] {@Threei}  somg
[15:22] {JoebiWan} lol
01[15:22] {@Threei}  oh sorry... I thought we were playing associations
[15:22] {dptl} lol
[15:23] {dptl} bastards
[15:30] {dptl} ok, well...i'll see you tomorrow all...gn
01[15:31] {@Threei}  take care dp
[15:34] {dino} cya dp
01[15:49] {@Threei}  OK guys, thank you all
01[15:50] {@Threei}  have a good evening, see you tomorrow
[15:50] {dino} out asps from morning, .79, +.64
[15:51] {JoebiWan} gj
[15:51] {JoebiWan} bye all
[15:51] {dino} ty