Wednesday, January 7, 2015

Jan 07 2015

Started the day in back and forth manner, with wins and rinses ahead of FOMC minutes. After the release however things became more orderly and 4 winning trades in a row fixed the day right up.

Session Start: Wed Jan 07 03:17:16 2015

[09:06] {dino} gm
01[09:07] {@Threei}  dino :)
[09:14] {dptl} gm
01[09:14] {@Threei}  dp :)
[09:17] {JoebiWan} gm
01[09:17] {@Threei}  jw :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -GALT +38% (positive Phase 1 trial results on GR-MD-02)
01[09:25] {@Threei}  -PKT +23% (Q4 guidance)
01[09:25] {@Threei}  -ARNA +14% (reports positive Phase 1b clinical trial evaluating APD334 for autoimmune disease)
01[09:25] {@Threei}  -SONC +8.2% (earnings)
01[09:25] {@Threei}  -SVU +5% (earnings)
01[09:25] {@Threei}  -PEP +2.7% (3G Capital reportedly eying targets in food & beverage sector with $5B fund; BUD & CPB also up marginally on the news)
01[09:25] {@Threei}  -HALO +2.4% (FY15 guidance)
01[09:25] {@Threei}  -GMCR +2.2% (confirmed deal with DPS to bring products to Keurig Cold System)
01[09:25] {@Threei}  -JCP +22% (strong SSS)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -KBIO -68% (discontinued KN001-A in cystic fibrosis - failed to meet primary endpoint)
01[09:25] {@Threei}  -MU -2.7% (Q2 guidance)
01[09:25] {@Threei}  -MERU -2.7% (Q4 guidance)
[09:26] {ese} gm
01[09:27] {@Threei}  ese :)
[09:27] {ese} mornin vad
[09:31] {dino} out ual from yesterday 63.76 to 65.12, +1.36
[09:31] {JoebiWan} gj
[09:32] {dino} ty
01[09:32] {@Threei} Long Setup:  VXX  .80 break
01[09:32] {@Threei}  If holds  .70
01[09:33] {@Threei}  trail to .74
[09:34] {ese} eeeeeeeouuuuuuuuuuuuuzzzaaaaaaa dino nice
[09:34] {nemo} FED @2 today
01[09:34] {@Threei}  out
01[09:35] {@Threei}  minutes?
[09:35] {nemo} 2:00 PM
[09:35] {nemo} minutes
[09:36] {nemo} car explosion just went off in Paris in front of a Synagogue
01[09:41] {@Threei} Long Setup:  IWM  116 break
01[09:41] {@Threei}  If holds  .90
01[09:42] {@Threei}  1:1
[09:42] {nemo} sheesh
01[09:47] {@Threei} Long Setup:  COP  .85 break
01[09:47] {@Threei}  If holds  .75
[09:48] {ese} was a shooting in Paris.....executions of a magaine staff that lampoons Mohamid alot
[09:48] {ese} ad
01[09:49] {@Threei}  1:1
[09:49] {dino} my god better than your god nonsense
[09:49] {cosmo} omg
[09:49] {ese} really pisses me off
[09:49] {nemo} Putin has the right solution for that shit
[09:50] {dino} yes, bury them in pig skins
[09:50] {ese} I hate to say it but yes
[09:50] {dino} world would be a better place without religion
[09:51] {ese} sad to say but yes
[09:51] {nemo} no...he finds out who the perpetrators are then kills them and as many relatives of theirs as he can find.  He wants them to know their extended family will be joining them in Paradise
[09:51] {nemo} remember the Chechen attack on the Moscow theater a few years back?
[09:51] {dino} y
[09:51] {nemo} Haven't heard much about Moslem problems over there have you?
[09:52] {nemo} Sent the Speznaz into Chechnya
[09:52] {nemo} wiped out entire villages
[09:52] {dino} the west is too soft, too much of this "feelings" crap
[09:52] {nemo} rule of law crap
[09:53] {dino} "dick your neighbor" rule
[09:54] {cosmo} is there a natural law rule?
[09:54] {nemo} yeah...survival of the fittest
[09:54] {cosmo} live and let live?
01[09:54] {@Threei} Long Setup:  MCD  .50 break
01[09:54] {@Threei}  If holds  .40
[09:55] {cosmo} And that 'live and let live" answer got me sent out to the hall once
[09:55] {nemo} not really cosmo, the world is one big food chain
[09:56] {cosmo} got it
[09:56] {nemo} Antelopes tried that on the tigers...didn't go over so well
[09:56] {dino} yes, as soon as you relax somebody hits you
01[09:56] {@Threei}  I find North Dakotians a bit too chewy
[09:56] {nemo} marinade them longer
01[09:56] {@Threei}  oh
[09:57] {dino} sort of like cannibals not liking clowns....they taste funny
01[09:57] {@Threei}  I thought they spent too much time in the freezer
[09:57] {nemo} depends on what they've been want to hunt around corn country
01[09:57] {@Threei}  1:1
[09:57] {dptl} wheredid you get in mcd Vad?
[09:57] {nemo} city humans often filled with junk food and soda....taste like shit
01[09:58] {@Threei}  .52
[09:58] {dptl} i couldnt
[09:58] {nemo} best thing to do is wound them, take them home and feed them for a few days then butcher them
[09:58] {dptl} didnt even see it trade...went to .57
01[10:02] {@Threei} Short Setup: GLD  .35 break
01[10:02] {@Threei}  If holds  .45
[10:02] {nemo} no surprise after such a down run, only strong stocks on algo
[10:08] {ese} Goldman Sach Ceo Blankfein interview still bullish on the mrkt......CNBC
[10:09] {RonS} how can he be otherwise?
01[10:11] {@Threei}  no go
[10:12] {cosmo} when he's covering shorts
[10:13] {RonS} ahem, when you are covering shorts you are bullish...
[10:17] {nemo} he's talking his book so his traders can unload on the sheep
01[10:20] {@Threei} Long Setup:  WMT  .85 break
01[10:20] {@Threei}  If holds  .75
[10:23] {ese} as much as it pains to to say it......i'm in nemos court....anytime somebody says something like bullish on the mrkt....ya gotta think otherwise...don't think theres any least in my mind the retail and institutional guys are gonna dump into the mrkt
01[10:24] {@Threei}  no go
[10:24] {dptl} out
[10:24] {dptl} taking break
01[10:31] {Threei}  did my VXX 33 call go through??
[10:31] {dino} vxx l .11
[10:31] {JoebiWan} no
01[10:31] {Threei}  was right about disconnect time
01[10:32] {Threei}  crrrrrap
01[10:32] {Threei}  was waiting for pullback
[10:32] {dino} out vxx .23, +.12
[10:32] {ese} sheesh......terminated
01[10:34] {Threei} Long Setup:  VXX  .10 break
01[10:34] {Threei}  If holds  33
[10:35] {dptl} wich stock? disconected
01[10:35] {Threei}  VXX
[10:36] {dptl} was it .10 break?
01[10:36] {Threei}  stop to .04
01[10:37] {Threei}  out
01[10:37] {Threei}  1 cent to 1:1
[10:38] {dptl} twtr .90 long?
[10:39] {RonS} somg
01[10:39] {Threei}  not if loses .85
01[10:40] {Threei}  no kidding
01[10:40] {Threei}  grrr
[10:40] {dptl} was thinking with .84 stop
01[10:41] {Threei}  crap VXX, what a rinse
01[10:44] {Threei} Short Setup: JPM  .05 break
01[10:44] {Threei}  If holds  .10
01[10:45] {Threei}  Invalidated
01[10:54] {@Threei} Long Setup:  IWM  .15 break
01[10:54] {@Threei}  If holds  .05
01[10:55] {@Threei}  not getting rhythm
[10:56] {nemo} FED day
[10:56] {dptl} out
01[11:01] {@Threei}  JNPR Hearing takeover chatter circulating- IBM rumored as a potential acquirer \
02[11:01] * Disconnected

03[11:07] * Rejoined channel #discussions
01[11:07] {Threei}  what the deuce today
01[11:08] {Threei}  Ukraine separatists claim cyber attack on German sites
[11:08] {dptl} dis .65 short?
01[11:08] {Threei}  hit our server in the process or what
01[11:08] {Threei}  yes
[11:10] {nemo} JOY
01[11:11] {Threei}  we are happy for you
01[11:11] {Threei}  what exactly did you do to achieve this state?
[11:11] {nemo} see that volume spike
[11:11] {nemo} copious amounts of vodka
01[11:11] {Threei}  ah
[11:12] {nemo} Hey DP, still drinking Hangar 1?
[11:12] {dptl} ?
[11:12] {nemo} short JOY stop above .25
[11:15] {nemo} thought you did, must be somebody else
01[11:18] {Threei} Long Setup:  VXX  .50 break
01[11:18] {Threei}  If holds  .40
01[11:18] {Threei}  Invalidated
[11:19] {nemo} SPY going back to vwap
01[11:19] {Threei}  sheesh
01[11:19] {Threei}  ok, valid again
[11:19] {nemo} EBAY
[11:20] {nemo} frickin JOY is chinese water torture
[11:22] {nemo} stop to .20
01[11:22] {Threei}  1:1  DIS
[11:22] {nemo} EBAY
01[11:23] {Threei}  lose that 201 SPY
01[11:23] {Threei}  and crash
01[11:26] {Threei}  1:1  VXX
[11:26] {nemo} I'm scratching JOY
01[11:26] {Threei}  ummmm
01[11:26] {Threei}  ron... not a word
01[11:26] {Threei}  (although I know how difficult it is to refrain)
[11:27] {nemo} yeah, JOY was jerking me
01[11:31] {Threei}  1:2  DIS
[11:32] {dptl} out dis on trail
[11:35] {dptl} wll .15 break short?
[11:36] {dptl} or .20 better?
[11:37] {dptl} got away
01[11:37] {Threei}  yeah
01[11:37] {Threei}  shot through the whole range
[11:37] {dptl} oops i got .13
[11:38] {ese} mmmm terminated again
[11:38] {dptl} will keep .26 stop
01[11:38] {Threei}  you missed nemo having real JOY, ese
[11:40] {ese} Scwarzenegar has nothing on me....thats twice this morning
[11:40] {ese} lol
01[11:40] {Threei}  start covering dp
[11:40] {ese} for some reason i have a very vivid picture of that and his joy
01[11:40] {Threei}  it can jump back up quickly
[11:40] {dptl} out..small shares
[11:41] {nemo} could argue ebay short here, but FED lunchtime
[11:43] {dptl} dal .05 break long?
[11:43] {nemo} next short area for ebay would be .95ish
01[11:43] {Threei}  DAL, yes
[11:45] {dptl} .94 stop
06[11:50] * Threei kicks DAL in the turbine
[11:51] {nemo} you'll lose ur foot that way
01[11:53] {Threei}  see what sacrifice I am willing to make for dp's profits?
01[11:55] {Threei}  1:1
06[11:55] * Threei slaps dptl around a bit with a large roll of cash
[11:55] {ese} gotta go...cya tomorrow
01[11:55] {Threei}  take care ese
[12:00] {dptl} i'll trail under .10 now
01[12:01] {Threei}  1:2
[12:01] {dptl} .14 now
[12:02] {JoebiWan} gdx .20 short?
01[12:03] {Threei}  chart's right
01[12:03] {Threei}  .27 would be invalidation
01[12:03] {Threei}  nah, invalid
[12:04] {dptl} out dal
[12:05] {dptl} need two more like that one to be in black
[12:06] {dptl} but no time, have to catch a plane back home in a couple of hours
[12:08] {@dino} dks spike
[12:08] {@dino} halt
01[12:12] {Threei}  DKS Said to be holding early stage LBO talks
01[12:12] {Threei}  dino, dcc pls
01[12:14] {Threei}  Crude prices fell further during the European session, with the front-month WTI contract touching fresh 5.5 year lows around $47. Rumors made the rounds as US traders were coming into the market that Saudi King Abdullah may have died, goosing WTI up to nearly $49.50, although there was no substance to the talk.
01[12:14] {Threei}  The latest polls out of Greece show Syriza with a three-point lead over the New Democracy. Meanwhile, the Eurozone December CPI data suggested that disinflation has deepened in Europe. The euro continues to take on water, with EUR/USD at nine-year lows around 1.1820.
01[12:16] {Threei}
[12:18] {dptl} may be another dal .25 break long?
[12:19] {dptl} what do you think Vad?
01[12:19] {@Threei}  nah
01[12:19] {@Threei}  50/50
[12:19] {dptl} ok
[12:21] {dptl} vlo?
[12:23] {dptl} oh ...twtr short .90 break?
[12:27] {@dino} dks sm s .71
[12:30] {dptl} ok.. well have to leave.....see ya tomorrow all
[12:31] {RonS} cya dp
[12:31] {@dino} cov dks .11, +.60
[12:31] {JoebiWan} gj
[12:36] {dino} still btfd
01[13:26] {@Threei}  At the December meeting, the Fed made its long await language tweak, from "considerable time" to "patient", that was meant to signify the start of a new phase in which the central bank will begin contemplating the path to policy normalization. Much of the focus on today's minutes will be on how the members arrived at this choice of words and what other language might have been considered. At the December press conference Chair Yellen indicated that "patient" means no tightening for at least the next two meetings. The minutes will continue to stress that rate policy is data dependent, and thus can evolve either faster or slower depending on upcoming trends in the data.
01[13:27] {@Threei}  There were 3 dissents (2 hawkish and 1 dovish) at the meeting so there is clearly a hot debate going on about the timing and pace of scaling back accommodative policy, but it's not clear if much new will be learned about this in today's minutes. Based on comments from FOMC member speeches, the general consensus appears to be that once rate lift off occurs they will not put rate hikes on autopilot, and most members believe that rates will rise more slowly this time than they have in the past.
[13:27] {dino} juno drop
01[14:04] {@Threei}  hectic
01[14:07] {@Threei} Long Setup:  IWM  .20 break
01[14:07] {@Threei}  If holds  .10
01[14:08] {@Threei}  1:1
01[14:31] {@Threei}  looks like breakout is coming
01[14:32] {@Threei} Long Setup:  IWM  .30 break
01[14:32] {@Threei}  If holds  .20
01[14:33] {@Threei}  1:1
01[14:33] {@Threei}  1:2
01[14:36] {@Threei}  1:3
01[14:37] {@Threei}  good call 3i
01[14:37] {@Threei}  why thank you
01[14:37] {@Threei}  be back in 30
[14:38] {dino} aldr spike
[14:39] {RonS} aldr spikes like it's bamboo?
[14:40] {dino} damn, missed it, waiting at .15, never came back
[15:00] {dino} aldr spikes again
[15:02] {RonS} aldr laying some wood?
[15:03] {dino} 2ndary few days ago, odd
[15:03] {dino} break of .00 will trig short
[15:05] {dino} wide
01[15:05] {@Threei}  lol ron
[15:06] {dino} alks spike
[15:10] {RonS} small biotech popping like they are firecrackers...chain reaction
[15:11] {dino} just need yellen to yell about them again
[15:13] {dino} good girl aldr, covered .48, +.50
[15:13] {dino} opps, cov .38, +.60, my bad
[15:14] {dino} in any case, too soon
[15:14] {RonS} glad you cleared that up, was looking at t&s thinking wtf?  gj
[15:15] {RonS} hlf ripping
[15:15] {dino} ty, had .58, changed the buy/cov to .38, just mind f#ck on the .48
[15:15] {dino} but incredibly early, dropped another .50
[15:17] {dino} too many distractions lately, things should calm down next week for me. just had bid accepted for another foreclosure.
[15:18] {dino} awwwww aldr
01[15:19] {@Threei} Long Setup:  IWM  .40 break
01[15:19] {@Threei}  .c .30
01[15:19] {@Threei}  If holds  .30
[15:20] {RonS} ya well, better than having aldr burn you  :)
01[15:20] {@Threei}  I like poultry smoked with alrd
[15:20] {RonS} lol just thinking being in PA you have no idea what alder is...
[15:21] {RonS} grows like a weed in the northwest...
01[15:21] {@Threei}  appl, chrry and pear work well too
[15:21] {nemo} VXX anybody
01[15:21] {@Threei}  hmmm
[15:22] {dino} aldr...clueless
01[15:22] {@Threei}  feels like spike and run into eod to me...
[15:22] {RonS}
01[15:22] {@Threei}  kind of tree on the west coast, dino :)
01[15:23] {@Threei}  change IWM to .35 break
[15:23] {RonS} biotech runs coming in...
[15:23] {dino} ok
01[15:25] {@Threei}  change IWM to .30 break
01[15:26] {@Threei}  If holds  .20
01[15:29] {@Threei}  1:1
[15:36] {RonS} 3i, did i ever tell you about the origina refuseniks who live around Mt. Angel Oregon?
[15:36] {RonS} +l
01[15:36] {@Threei}  no... where are they from?
[15:37] {RonS} they are the guys that Peter the great banished to Siberia
01[15:37] {@Threei}  wow... long ago
[15:37] {RonS} thrived there but moved to China in 1917 due to the commies
[15:38] {RonS} then went to Brazil when China fell
01[15:38] {@Threei}  sheesh... some like to travel
[15:38] {RonS} then to Clevelan Ohio..then to Mt. Angel
[15:39] {RonS} here i was...a young salesman calling on the town's 100 year old general store...
[15:40] {RonS} coming into the town this hot rod Camaro pulss up at a light...look is a young woman driving in a full blow babooshka
[15:40] {RonS} blon
[15:40] {RonS} blown
01[15:40] {@Threei} Long Setup:  IWM  .40 break
01[15:40] {@Threei}  If holds  .30
[15:40] {RonS} talk about wtf...
01[15:40] {@Threei}  hehe
01[15:41] {@Threei}  must have been a sight to behold
[15:41] {RonS} funny thing is that the town is all German Catholics with a monastery on the mountain and everything
[15:43] {RonS} Blackie, my customer introduced me to his sister:  "this is my sister, sister... she is a nun... lol
01[15:43] {@Threei}  meanwhile on another side of the globe:
01[15:43] {@Threei}  Lithuania publishes survival manual in case of Russian invasion
01[15:43] {@Threei}  Lithuania's national defence minister Juozas Olekas unveiled a new public information book entitled 'How to act in extreme situations or instances of war' at a press conference on Jan. 6, prompted by the threat of a Russian invasion
[15:44] {RonS} illustation of how to kiss your ass goodbye?
01[15:44] {@Threei}  1:1
01[15:44] {@Threei}  lol
01[15:44] {@Threei}  pretty much
[15:46] {RonS} anyway, blacke's stor, Boschler hardware sold 10X 25 cubic foot chest freezers than anyone else in the state... i asked him why?
[15:46] {RonS} ...he said "the Russians use them for coffins"
01[15:47] {@Threei}  wow
01[15:47] {@Threei}  never heard that
[15:47] {RonS}, iam just bullshitting you...
01[15:47] {@Threei}  ok... so, they just prefer to have large stock of food for rainy day?
[15:48] {RonS} many deer hunters there...
01[15:48] {@Threei}  ah, OK
01[15:48] {@Threei}  makes sense
[15:48] {RonS} thought of this whole thing because the Russians did contract with the state to thin the alder forests
01[15:48] {@Threei}  nemo eats them at the spot, carass and all, so he needs no freezer
[15:49] {RonS} lol
01[15:49] {@Threei}  these 3 concluding IWM trades pretty much righted the day
01[15:49] {@Threei}  ok guys, thank you all, have a good evening
01[15:49] {@Threei}  see yopu tomorrow