Tuesday, January 13, 2015

Jan 13 2015

Another nice day. Started with two stops, then hit the stride and proceeded with with a few nice wins including two 1:4ers.

Session Time: Tue Jan 13 00:00:01 2015

[08:19] {dino} gm 3i
01[08:47] {@Threei}  dino :)
03[08:51] * Retrieving #discussions modes...
[09:06] {JoebiWan} gm
01[09:07] {@Threei}  jw )
01[09:12] {@Threei}  oil inder 45
[09:19] {RonS} gm...ducks run over by the buckeyes
[09:19] {RonS} guessing lee
01[09:19] {@Threei}  ron :)
[09:19] {RonS} oops
[09:19] {RonS} less than 1/2% of world knows what a buckeye is...
[09:20] {dino} what exactly is a buckeye?
[09:20] {RonS} ...acorn like tree seed that has a black spot...native to my birth state Ohio
[09:21] {dino} ahh
[09:21] {dino} they played a great game, reminds me of when they crushed wisconsin
[09:22] {dino} fxe hitting 52 week mlows
[09:22] {dino} lows
[09:22] {RonS} ya, their linemen kicked butt...Woody Hayes would be proud
[09:23] {RonS} wwww lowers outlook on currency...won't be last
[09:25] {RonS} crude 45.25 from 44.20 low
01[09:26] {@Threei}  what's with this nonsense bounce... once fell, stay down
[09:27] {RonS} wow ecom
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -NLST +58% (Federal Court halts sales of high-speed computer chips used by SNDK, IBM & other OEMs)
01[09:27] {@Threei}  -PCYC +18% (prelim earnings, guided FY14 Imbruvica sales $492M)
01[09:27] {@Threei}  -ELX +12% (raised Q2 guidance)
01[09:27] {@Threei}  -CTIC +8.7% (guided initial FY15 Rev)
01[09:27] {@Threei}  -SNX +6% (earnings - move is on low volume)
01[09:27] {@Threei}  -KBH +4.4% (earns)
01[09:27] {@Threei}  -QLGC +3.8% (in sympathy with ELX)
01[09:27] {@Threei}  -AGIO +3.3% (CELG agrees to exercise option to license AG-120 under global strategic collaboration)
01[09:27] {@Threei}  -BBY +2.7% (positive broker commentary)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -ECOM -42% (lowered Q4 guidance)
01[09:28] {@Threei}  -AIV -3% (announced offering of 8.2M shares)
01[09:28] {@Threei}  -GT -2.8% (now sees FY14 SOI slightly below +10-15 range due to challenging Europe situation)
[09:28] {ese} morning
[09:28] {dptl} gm
[09:28] {ese} ddddddddddddddpppppppppppppppppppp!!!!!!!!!!!!!!!!!
[09:28] {dptl} :)
01[09:29] {@Threei}  ese, dp :)
[09:30] {ese} morning vad
01[09:32] {@Threei} Long Setup:  VXX  .50 break
01[09:32] {@Threei}  If holds  .40
01[09:34] {@Threei}  no go
[09:34] {dino} ecom sm l .75 stop .49
[09:37] {dino} stop
01[09:37] {@Threei}  rinse
01[09:39] {@Threei} Long Setup:  FB  .40 break
01[09:39] {@Threei}  If holds  .30
01[09:45] {@Threei} Long Setup:  TWTR  40 break
01[09:45] {@Threei}  If holds  .90
[09:45] {dino} adding ecom calls, seems excessive
[09:47] {dino} wow asps
01[09:48] {@Threei}  hmmm
[09:49] {dino} ocn blood too
[09:49] {dino} cal. seeking to suspend ocn license...asps
[09:49] {RonS} something rotten in that denmark....no touch here
[09:49] {nemo} is ese there?
[09:51] {ese} yes......in body.....on the phone to memphis
[09:51] {ese} will join you all shortly
[09:51] {nemo} I mean't in Denmark: [09:49] {RonS} something rotten in that denmark....no touch here
01[09:52] {@Threei} Long Setup:  FB  .60 break
01[09:52] {@Threei}  If holds  .50
[09:53] {RonS} took ecom 9.285 ave out 9.98 +.695
[09:53] {dino} gj
01[09:53] {@Threei}  wtg
[09:53] {dino} added back .51
[09:53] {dino}  + calls
[09:53] {dino} tfm
[09:54] {RonS} tfm = the front month?
01[09:54] {@Threei}  half out
01[09:54] {@Threei}  1:1
[09:54] {dino} lol, no watching tfm. bought mar calls ecom
01[09:55] {@Threei}  1:2
01[09:58] {@Threei}  closed
[09:58] {ese} hey nemo........whats up in Denmark?
[09:58] {dino} wooden shoes
[09:58] {dino} tulips
[09:59] {nemo} that's Holland dino
[09:59] {nemo} sheesh
[09:59] {dino} opps, lol
[09:59] {nemo} bunch of geography troglydites in here
01[09:59] {@Threei}  Jorik's scull
[09:59] {nemo} you guys drive me to drink
01[09:59] {@Threei}  skull
[09:59] {RonS} lol
[09:59] {nemo} Yorick
[09:59] {nemo} frickin' Vad's spelling...this is brutal
[10:00] {dino} you were drinking long before you met us
[10:00] {nemo} Not nearly as frequently
01[10:00] {@Threei}  *(US) JAN IBD/TIPP ECONOMIC OPTIMISM: 51.5 V 48.7E
01[10:00] {@Threei}  I have an excuse
01[10:00] {@Threei}  I do double translate
[10:00] {nemo} "He didn't die of alcoholism, he died of an instant messaging trading room."
01[10:01] {@Threei}  since I haven't read Shakespeare in ancient english
01[10:01] {@Threei}  what's ese's?
[10:01] {nemo} I read it in the original Klingon
[10:02] {dino} ahh yes, klingon
[10:02] {dino} scottie, i need warp speed in 5 minutes or you're fired
[10:03] {ese} hey I represent that remark......i speak  and write my own anglash eh
01[10:03] {@Threei}  sou doo Eye
[10:03] {ese} lol
01[10:04] {@Threei} Short Setup: MCD  .20 break
01[10:04] {@Threei}  If holds  .30
01[10:06] {@Threei}  1:1
[10:08] {dino} ecom 10 area tough
[10:08] {RonS} needs 6-8 mil shares traded before goes imo ecom
[10:11] {dino} gut has it over 12 by eod
[10:11] {dino} filled that nov gap
[10:15] {dino} algt spike
[10:16] {dino} smr s .70
[10:17] {ese} spyders, S&P, Dow etc etc daily charts interesting look to them.....vad what do you make of them.....distribution going on.....what do you guys and gals make of them
01[10:17] {@Threei}  1:2
[10:17] {nemo} nothing yet...earnings season will be a guide
[10:17] {ese} looks like failed attempts to get back to highs
[10:18] {dino} no idea ese
[10:18] {JoebiWan} mcd treating us well lately
[10:18] {RonS} really don't care...
[10:18] {dino} just reacting, not thinking
[10:18] {ese} ya nemo...thats a better eay to look at this....
[10:18] {dino} tfm sm l .41
01[10:18] {@Threei}  they added some healthy options to their menu it seems
[10:18] {nemo} indexes don't tend to do alot during earnings
01[10:19] {@Threei}  in "for traders" section
01[10:19] {@Threei}  ese, look at it this way
[10:19] {ese} just asking cause i'm loosing a general sense of up or down....in no mans land here imo
[10:19] {dino} btfd ese
[10:19] {nemo} get ur meds adjusted
01[10:19] {@Threei}  until reversal formations hasn't shaped up, you don't know whether attempts at the highs are failed
[10:20] {ese} ah ya ah......sure....meds ummmm where'd they go
01[10:20] {@Threei}  there will be new attemots,
01[10:20] {@Threei}  supports are not broken,
01[10:20] {@Threei}  any next attempt may become a success
[10:20] {ese} thats true
01[10:20] {@Threei}  and what's of all those previous that failed?
[10:20] {nemo} vxx
[10:20] {nemo} .81 long
01[10:20] {@Threei}  any setup has inflection points and mid-lands
[10:21] {nemo} stop under .70
01[10:21] {@Threei}  right now it's a midland
[10:21] {ese} ;)
[10:22] {nemo} or break of .80
01[10:22] {@Threei}  SPY loses ~197-a98, we may have something on reversal side
01[10:22] {@Threei}  until then, leave it to those who make a living by talking about anything they have to talk about to make aliving
01[10:23] {@Threei}  1:3
[10:23] {ese} Must be a ton of cash still sitting out there to be invested I guess
01[10:25] {@Threei}  who knows
01[10:25] {@Threei}  all this speculation... is there an entity that somehow figured out all the cash on hands and intentions of the holders?
[10:25] {nemo} yeah, no shit
01[10:26] {@Threei}  say in year X 100B was withdrawn from all the funds
01[10:26] {@Threei}  now in a year X+2, none returned to those funds,
[10:26] {dino} algt cov 159.70, +2.00
01[10:26] {@Threei}  does it mean they are in matresses?
[10:26] {JoebiWan} gj
[10:26] {dino} ty
01[10:26] {@Threei}  or they went in real estate, in gold, in bonds, in fireign holdings?
01[10:26] {@Threei}  who on earth knows
[10:27] {dino} who cares if you are daytrading
[10:29] {dino} imo worrying over the macro picture just nuts up your daytrading
[10:29] {nemo} yep
[10:29] {dino} nbix spike
[10:34] {ese} true enough dino
[10:34] {ese} what the H was i thinkin
[10:34] {nemo} that's the problem...u were thinking
[10:34] {nemo} stand up, take the pressure off your brain
[10:35] {nemo} vxx invalidated
01[10:36] {@Threei} Short Setup: WMT  .60 break
01[10:36] {@Threei}  If holds  .70
[10:36] {ese} sheesh....ya......what the heck was i thinkin "thinkin".......i don't ever want to thinkg that again.....especially now that i think it will screww up my trading..........I think?
[10:36] {dino} ese, stop thinking or you get trout slap. when set up is there take it.
[10:37] {ese} NO!!!!!!!!! NOT THAT!!!!!!!!!!!!!!
06[10:38] * dino slaps ese around a bit with a large trout
[10:38] {ese} damn
06[10:39] * @Threei extends begging hand toward nemo's bottle
[10:39] {JoebiWan} lol
[10:39] {RonS} ese spells damn but not lose
06[10:39] * nemo extends bottle of Spiritus to Vad
06[10:40] * nemo extends Sig barrel to ese
[10:40] {RonS} big biotech getting hit gild icpt zmh alxn
[10:40] {RonS} amgn
[10:41] {nemo} oh, Joebi, btw...took apart that S&W pro series compact, very weird feed ramp and magazine lip...not sure I like it
[10:41] {ese} lol
[10:41] {JoebiWan} you bought one?
[10:41] {nemo} no
[10:43] {ese} out ½ HCT .02 +.30 1K to go stop to .90
[10:44] {ese} whaaaaaddaaaaaa ya gonnaaaa do eh....when people offer ya free money...huh?.......wha da ya gonna do
[10:44] {dino} gj
[10:44] {ese} tks
[10:45] {RonS} just like the school system eh?
[10:46] {JoebiWan} lol ron
[10:47] {ese} Who the georgeous woman Mohamad Abbas is walking with on the right.....http://www.cbc.ca/news/world/france-s-defiant-show-of-tolerance-papers-over-some-real-cracks-1.2897645
[10:49] {ese} wife?
01[10:50] {@Threei}  57-years old male russian agent, 240 lbs, hairy chest, bold head. They do know how to change their appearance when on the job
[10:50] {ese} rotflol.....
[10:50] {ese} hadn't thought a that.
[10:51] {ese} rats....there I go trying to think again
[10:53] {RonS} crude 46
[10:55] {ese} thats just a wow......who'd have thunk this a year ago
01[10:56] {@Threei}  I did... I just never thought it could happen this fast
[10:56] {cosmo} shape shifters... i knew it
[10:57] {ese} what clues were you two lookin at
[10:57] {dino} hlss??
[10:57] {cosmo} biotech breakthrus
[10:58] {ese} not gettin ya cos......how does that figure in
01[10:58] {@Threei}  don't see any news dino
01[10:59] {@Threei}  ese... for a good while there were plenty of tensions in all the oil-producing regions,
01[10:59] {@Threei}  east, russia,
[10:59] {RonS} hlss somehow associated w/ ocn...
[10:59] {nemo} watch for IMW bounce artound here
[10:59] {nemo} IWM
01[10:59] {@Threei}  all the israel/palestine and ISIS problerms,
[10:59] {dino} thats all i can figure ron
[10:59] {ese} ya
01[11:00] {@Threei}  russia/ukraine
01[11:00] {@Threei}  yet oil didn't move up, and even slid slightly
[11:00] {ese} I would have thought that would've driven the prices up
[11:00] {ese} hmmmmmm
01[11:00] {@Threei}  this is what I cann price-information duivergence
01[11:00] {@Threei}  call
[11:00] {ese} makes sense Didn't notice that
01[11:00] {@Threei}  add all the fracking production
01[11:01] {@Threei}  a few years of rising US-based oil
[11:01] {dino} mhk spike
01[11:01] {@Threei}  and picture starts shaping up
01[11:01] {@Threei}  US goes energy-independent
01[11:02] {@Threei}  largest oil buyer takes itself off market
[11:02] {ese} :/
01[11:02] {@Threei}  and becomes a seller
[11:02] {cosmo} hmm...getting coffee now
01[11:02] {@Threei}  now take all the peak oil and green energy leftist talk, and shove it where it belongs. Welcome to real world
[11:02] {ese} don't forget the hypodermic needle......coffee works better that way...quicker
[11:03] {RonS} think you just made cosmo ill...
[11:03] {cosmo} I.V. here
[11:03] {ese} lol
[11:04] {dino} cosmo kramer
[11:04] {cosmo} my gut tells me anything that kills fracking is good
[11:05] {cosmo} cosmo topper rather
01[11:05] {@Threei}  add to that saudis who learned their lesson in 80 when they tried to cut production to support prices
01[11:06] {@Threei}  This time around they know all it does is leaves them without the market share
01[11:07] {@Threei}  so, having one of the lowest production costs they prefer to keep the volume up this time
[11:07] {ese} makes sense
[11:07] {cosmo} Time to kill all the alternatives. They've saved up for it...
01[11:07] {@Threei}  but this is one of the accelerating factors
01[11:07] {@Threei}  All those before this were the reasons I thought oil was done
01[11:08] {@Threei}  plus my favorite... crowds opinion
01[11:08] {@Threei}  everywhere it was accepted notion that oil/gas prices have nowehere to go but up
[11:09] {ese} Is going to have to be a trickle-down effect people are going to have to work for less to get the stuff out of the ground though
01[11:09] {@Threei}  "buy small cars, gas will only get more epensive"
01[11:09] {@Threei}  who wouldn't believe this a year ago?
[11:09] {ese} I didn't
01[11:09] {@Threei}  really? you thought gas would drop in price?
[11:10] {ese} It's a finite non renewable resource... It's going to run out sometime
[11:10] {ese} Not in my lifetime but.....
01[11:10] {@Threei}  ummm
01[11:11] {@Threei}  you track the line of conversation? :)
[11:11] {ese} Not drop in price increase in price
01[11:11] {@Threei}  there you go
01[11:11] {@Threei}  so you did believe that
01[11:12] {@Threei}  and so did practically everyone around
[11:12] {cosmo} oil is now a war weapon ...changes the math
01[11:12] {@Threei}  it always was
[11:12] {cosmo} financial
01[11:12] {@Threei}  1:1  WMT
[11:13] {nemo} it's a political weapon
01[11:13] {@Threei}  it played same role before
[11:13] {cosmo} the 1973 war it think
[11:14] {cosmo} =1974 gas lines
01[11:14] {@Threei}  yes, and during ussr war in afghan
01[11:15] {@Threei}  sharp oil decline ended that war
01[11:15] {@Threei}  and eventually ussr itself
[11:15] {cosmo} hmm
[11:16] {RonS} ondk now below deck
[11:16] {cosmo} the afghan curse
[11:16] {RonS} heroin?
[11:17] {cosmo} maybe the resources they keep refering to after all
01[11:19] {@Threei}  1:2
01[11:25] {@Threei}  what do you know... Victoria got its own Rob Ford
01[11:25] {@Threei}  freshly elected mayor of Saanich, largest municipality in Greater Victoria
01[11:26] {@Threei}  http://www.cheknews.ca/watch-full-coverage-saanich-mayor-says-spied-upon-harassed-admits-affair/
[11:26] {ese} saw that
[11:27] {RonS} ...that town that would give its left n for an m?
01[11:28] {@Threei}  hmmmm... nemo, pass that bottle again please
01[11:28] {@Threei}  ron speaks in puzzles that require double dose
[11:29] {nemo} nah...need a "ronnetta" stone
[11:29] {RonS} left n = left nut... n to m = Saamich...
01[11:29] {@Threei}  ok... all that left is to find out what on earth is saamich :)
[11:30] {RonS} ...some kind of an American phrase for a sandwich
01[11:30] {@Threei}  really? I give up... two bottles please
01[11:30] {@Threei}  I'll never learn this language
[11:30] {RonS} originates from a US relative of ese when asked to spell sandich...
[11:31] {RonS} sanwich
[11:31] {RonS} sandwich sheesh
01[11:31] {@Threei}  DAL
01[11:31] {@Threei}  watching for short entry
01[11:31] {@Threei}  it's contagious ron... sorry
01[11:32] {@Threei}  you know you spend too much time with me when it takes you three runs at one word
[11:33] {RonS} ok...another one:  "no shit Sherlock"
01[11:35] {@Threei}  well, this one is no mystery
01[11:35] {@Threei} Short Setup: DAL  .60 break
01[11:35] {@Threei}  If holds  .70
01[11:39] {@Threei}  stop to .66
01[11:42] {@Threei}  1:1
[11:50] {RonS} 36 more hours of cold here, then 5 days of 50's...can't wait
[11:52] {dino} been single digits and teens here for last 10 days
[11:52] {RonS} brutal
[11:53] {RonS} kbh smashed
[11:55] {RonS} KBH - does not expect to hit margin goal in 2015; sees Q1 gross margin down significantly YoY, setting a low point for the year then improving sequentially through FY15
01[12:08] {@Threei} Long Setup:  VXX  .90 break
01[12:08] {@Threei}  If holds  .80
[12:12] {dino} kbh sm l .65
01[12:12] {@Threei}  nope
[12:24] {dino} pretty good drop in markets
01[12:24] {@Threei}  frikin VXX got away
[12:44] {RonS} lol...With only 38 million people, it'll be tough for California to find another senator as stupid as Barbara Boxer.
01[12:46] {@Threei}  lol
01[12:46] {@Threei}  so, what is Canada to fo, with population less than just Calidornia?
01[12:47] {@Threei}  d=f
01[12:47] {@Threei}  and f=d
01[12:47] {@Threei}  sheesh
[12:47] {RonS} Ford have kids?
01[12:47] {@Threei}  not sure
[12:59] {nemo} AAPL
[13:00] {nemo} .30 break
[13:00] {nemo} stop under .15
01[13:01] {@Threei} Long Setup:  IWM  .85 break
01[13:01] {@Threei}  If holds  .75
[13:01] {nemo} stop to .25
[13:01] {nemo} partial .45 area
[13:05] {dino} kbh stop -.32
[13:05] {nemo} stop to .30
[13:07] {nemo} partial
[13:07] {nemo} stop still .30
[13:08] {nathan} what's up gents
[13:08] {nemo} not ese's IQ
01[13:08] {@Threei}  same old
01[13:09] {@Threei}  plus eternally young and vigorous nemo
[13:09] {nemo} ?
01[13:09] {@Threei}  dunno... seemed apropriate while I typed it
01[13:10] {@Threei}  now that I read it, not so much
01[13:10] {@Threei}  stop to .79
[13:11] {nemo} stop to .40
[13:12] {dino} wow asps
[13:12] {RonS} asps bitten?
[13:13] {nemo} out
[13:14] {nemo} bummer
[13:20] {dino} msci spike
[13:22] {dino} msci sm s .72
01[13:26] {@Threei}  no news
[13:27] {nemo} on what
01[13:27] {@Threei}  for market drop
[13:27] {nemo} was overnight futures move
[13:27] {nathan} nice fall
[13:28] {dptl} see ya tomorrow all, have to leave early
[13:28] {dino} cya dp
01[13:28] {@Threei}  take care dp
[13:28] {nemo} spy gap close
[13:29] {dino} 300 pt dji range
01[13:30] {@Threei}  wow
[13:32] {nathan} bloody tuesday
[13:33] {dino} cov msci .32, +.50
01[13:34] {@Threei}  wtg
[13:34] {nathan} gj dino
[13:34] {dino} opps, +.40
[13:34] {dino} ty
01[14:00] {@Threei}  *(US) DEC MONTHLY BUDGET STATEMENT: $1.9*B V $3.0BE
01[14:06] {@Threei} Long Setup:  IWM  .35 break
01[14:06] {@Threei}  If holds  .25
01[14:07] {@Threei}  Invalidated
01[14:08] {@Threei}  change to .30
01[14:08] {@Threei}  If holds  .20
[14:09] {dino} wow 400 pt swing
01[14:09] {@Threei}  ok market, it's tume to recover some
01[14:11] {@Threei}  wow... not yet
[14:11] {nemo} SPY testing gap
01[14:16] {@Threei}  last pullbac for double bottom, and we should get our bounce
[14:16] {nemo} or 200 target
01[14:17] {@Threei} Long Setup:  IWM  116 break
01[14:17] {@Threei}  If holds  .90
01[14:17] {@Threei}  1:1
01[14:18] {@Threei}  give us 1:4
01[14:18] {@Threei}  just don't be a lousy scalp
[14:18] {nemo} .20 resistance then .40
01[14:19] {@Threei}  up
01[14:19] {@Threei}  thinking momentum should be enough to take .20 and rocket to .40
01[14:20] {@Threei}  then it's up to a chance
[14:20] {nemo} that depends on willingness to bid
01[14:24] {@Threei}  here comes SPY jump
01[14:25] {@Threei}  1:2
01[14:27] {@Threei}  1:3
01[14:27] {@Threei}  good girl
01[14:29] {@Threei}  1:4 baby
[14:29] {JoebiWan} out ty
01[14:29] {@Threei}  iut
01[14:29] {@Threei}  yw
[14:30] {dino} gj
01[14:31] {@Threei}  ty
01[14:31] {@Threei}  1:5
01[14:31] {@Threei}  momo
[14:31] {nemo} 116.80 coming
01[14:32] {@Threei}  nailed reversal with precision of nemo dividing as bottle between three glasses
01[14:32] {@Threei}  -s
01[15:08] {@Threei} Long Setup:  VXX  .20 break
01[15:08] {@Threei}  If holds  .10
01[15:09] {@Threei}  1:1
01[15:22] {@Threei} Long Setup:  IWM  .50 break
01[15:22] {@Threei}  If holds  .40
01[15:23] {@Threei}  1:1
[15:27] {pamsv} cheers guys - see you.
[15:29] {dino} cci drop
01[15:36] {@Threei} Long Setup:  IWM  .70 break
01[15:36] {@Threei}  If holds  .60
01[15:36] {@Threei}  1:1
[15:37] {JoebiWan} nice
[15:38] {JoebiWan} took tna. out ty
01[15:38] {@Threei}  1:3
01[15:38] {@Threei}  yw
01[15:39] {@Threei}  1:4
01[15:39] {@Threei}  out
01[15:40] {@Threei}  perfect end to a decent day
01[15:40] {@Threei}  thank you all, have a great evening
01[15:40] {@Threei}  see youi tomorrow
[15:40] {JoebiWan} cya
[15:40] {RonS} thanks 3i
[15:44] {dino} taking ecom off, out .87, +.36, still holding the calls
[15:45] {dino} gotta hop, gn all