Wednesday, January 21, 2015

Jan 21 2015

Pretty much carbon copy of yesterday, and ending about the same.

[15:56] {dino} gn
Session Time: Wed Jan 21 00:00:00 2015
[08:56] {dino} gm
01[08:56] {@Threei}  dino :)
[08:59] {JoebiWan} morning
01[08:59] {@Threei}  jw :)
[09:12] {dptl} gm
01[09:13] {@Threei}  dp :)
[09:18] {dino} why is fxe ramping?
01[09:18] {@Threei}  Hopes of ECB action tomorrow dampened by Nowotny comments
01[09:19] {@Threei}  - ECB's Nowotny: ECB meeting will be an interesting one, but nothing to get overexcited about. He reiterated that did not expect deflation in Euro Zone. Harder to fight deflation than inflation, so must watch inflation developments 'closely'
01[09:19] {@Threei}  - UBS's Weber (former ECB member): No matter what Draghi does, do not expect to see inflation rates close to target in Europe for years
[09:20] {dino} ty
01[09:20] {@Threei}  :)
[09:20] {RonS} doodes
01[09:20] {@Threei}  ron :)
01[09:21] {@Threei}  never thought BC Ferries could cause such strong emotional reaction
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -SCOK +30% (underground coal gasification program approved as a technology demonstration project)
01[09:27] {@Threei}  -NFLX +19% (earnings)
01[09:27] {@Threei}  -NSP +7% (Starboard disclosed 13.2% stake; delivered letter to CEO & Board)
01[09:27] {@Threei}  -SMCI +5.4% (earnings)
01[09:27] {@Threei}  -DAN +5% (to be added to S&P 400 after close of trading on 1/22)
01[09:27] {@Threei}  -NTRS +4.8% (earnings)
01[09:27] {@Threei}  -CREE +4.5% (earnings)
01[09:27] {@Threei}  -RCPT +4.5% (positive broker commentary)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -EGO -12% (prelim FY14 production & FY15 production guidance)
01[09:27] {@Threei}  -ARNA -5% (selling 21M shares - 9.5% outstanding)
01[09:27] {@Threei}  -KERX -4.6% (offering $100M in shares - 7.8% outstanding)
01[09:27] {@Threei}  -ALNY -4% (priced 4.7M shares at $95/shr)
01[09:27] {@Threei}  -IBM -3% (earnings)
01[09:27] {@Threei}  -AMD -2.2% (earnings)
01[09:27] {@Threei}  -LVS -1.7% (negative broker commentary)
01[09:27] {@Threei}  -TSLA -1.6% (broker commentary)
01[09:28] {@Threei}  -QCOM -2.5% (resurfacing S6 speculation)
[09:28] {nemo} could be very dead day
01[09:30] {@Threei}  we can always watch yesterday's speech again
01[09:32] {@Threei} Long Setup:  VXX  .80 break
01[09:32] {@Threei}  If holds  .70
01[09:33] {@Threei}  change to .70
01[09:33] {@Threei}  If holds  .60
01[09:33] {@Threei}  1:1
01[09:34] {@Threei}  1:3
01[09:34] {@Threei}  1:2
[09:35] {dino} gj
01[09:35] {@Threei}  ty
[09:38] {nemo} ECB bond program details just came out
01[09:38] {@Threei}  (EU) Reportedly ECB to propose around €50B in QE bond purchases per month, with program continuing for at least one year, for minimum total purchases of €600B
01[09:39] {@Threei}  - Focus to be on sovereign bonds, QE purchases will not begin before March
01[09:39] {@Threei}  IMF: Gulf Cooperation Council (GCC) nations may have to revamp budgets on lower oil prices, but they have cash buffers to absorb the impact of lower prices - Middle East nations could lose $300M in oil export profits on lower oil prices.
01[09:40] {@Threei}  good thing we managed to grab a good trade before this insanity
[09:40] {nemo} lucky thing
[09:41] {nemo} that could have been an ankle grabber of epic proportions
[09:42] {nemo} SPY topped yesterday's channel
01[09:42] {@Threei} Long Setup:  VXX  .80 break
01[09:42] {@Threei}  If holds  .70
01[09:43] {@Threei}  1:1
[09:43] {dino} imkta drop
01[09:43] {@Threei}  1:2
[09:45] {nemo} so amazing how that info can be timed with the 201 level in SPY
[09:48] {dino} deck sm l .60
[09:48] {nemo} Ugg
01[09:50] {@Threei} Long Setup:  DAL  .20 break
[09:50] {dino} lol
01[09:50] {@Threei}  If holds  .10
[09:50] {dino} hey 17 deflated fotballs nemo?
[09:51] {nemo} I saw 11 of 12
[09:51] {nemo} how did they get to 17?
[09:51] {dino} this morning
[09:51] {RonS} hearing pats to be on cnbc to discuss deflation...
[09:52] {dino} out deck .04, +.44 stop too tight
01[09:52] {@Threei}  trail to .14
01[09:52] {@Threei}  1:1
[09:52] {nemo} Belichick was an economics major
[09:52] {dino} ugg deck! jumped .90 after my stop
[09:53] {RonS} ah, the reason he's so droll...
[09:54] {RonS} took deck 78.68 to 79.76 +1.08 thanks dino
[09:56] {dino} yw, wtg
[09:58] {nemo} XOP
[09:58] {RonS} guess deck selloff due to general counsel moving to coo..but fer chrissake the whole company has been Angel Marinez and he's still ceo
[09:58] {RonS} Martinez
[09:59] {dino} xop crazy weelky
[09:59] {nemo} yeah, but should stabilize and start moving back up now
[10:00] {RonS} talkin option dino?
01[10:00] {@Threei}  wow
01[10:00] {@Threei}  *(CA) BANK OF CANADA (BOC) CUTS RATE BY 25BPS to 0.75%, NOT EXPECTED
[10:00] {dino} baba luv
[10:00] {dino} race to the bottom 3i
01[10:00] {@Threei}  loonie dropped like prom dress
01[10:01] {@Threei}  FXC
[10:01] {RonS} lol...ooof
[10:01] {RonS} loonie shot eh?
01[10:01] {@Threei}  :)
01[10:02] {@Threei}  (IR) US State Dept: Still see a chance of reaching a nuclear deal with Iran
[10:02] {dino} deck sm l .99
01[10:02] {@Threei}  "a chance?" 1 in 1000 is a chance
01[10:02] {@Threei}  I see it too
[10:02] {RonS} gj...hesitated and missed
01[10:03] {@Threei} Long Setup:  DAL  .10 break
01[10:03] {@Threei}  If holds  49
[10:04] {nemo} ecb denying news release
01[10:04] {@Threei}  1:1
01[10:05] {@Threei}  they didn't, it was press report
01[10:05] {@Threei}  ECB declined to comment
[10:06] {nemo} oil continuing higher
[10:09] {RonS} Bank of Canada Says Rate Cut to Provide "Insurance" Against Downside Risks From Oil Price Slump... huh?
[10:10] {RonS} quarter point?
01[10:10] {@Threei}  it's 25%
[10:11] {RonS} 25% of nothing is nothing... (Japan taught me that) :)
01[10:12] {@Threei}  why, it was 1% :)
[10:13] {dino} smci drop
[10:14] {RonS} your wife must be one interesting lady... to have bludgeoned a guy who never loses an argument into submission...
01[10:15] {@Threei}  to quote her... "being alwasy right is your most repulsive trait"
[10:15] {RonS} can't find anything on smci...they crushed their numbers...
01[10:16] {@Threei}  and upgrade
[10:16] {RonS} +38% current qtr/ +16% guidance
[10:16] {dino} smci sm l .98, pulp
[10:24] {dino} same here ron
01[10:24] {@Threei}  OPEC Sec Gen El-Badri: think oil price will stay around current $45-50/bbl level; do not see it dropping to $20 or $25; reiterates the price will rebound - TV interview - Reiterates non-OPEC producers have higher production costs than us. When non-OPEC producers start losing money they will cut their production
[10:24] {dino} imkta drop
01[10:25] {@Threei} Long Setup:  IWM  .40 break
01[10:25] {@Threei}  If holds  .30
01[10:27] {@Threei}  no go
[10:32] {JoebiWan} gdx long?
01[10:33] {@Threei}  can't tell
[10:33] {dino} markets battling, feel like they want up
01[10:33] {@Threei}  my feeling too
[10:34] {nemo} spy holding yesterday's channel
[10:34] {nemo} IWM flat
01[10:34] {@Threei} Long Setup:  DAL  .80 break
01[10:35] {@Threei}  If holds  .70
01[10:36] {@Threei}  If holds  .74
[10:36] {dino} deck stop -.35
01[10:38] {@Threei}  Invalidated
01[10:40] {@Threei} Short Setup: DAL  .65 break
01[10:40] {@Threei}  If holds  .75
01[10:43] {@Threei}  Invalidated
[10:46] {dino} smci to .49
[10:46] {dino} to .72
[10:47] {dino} slipped, out .69, +.71
01[10:47] {@Threei} Short Setup: MCD  .05 break
01[10:47] {@Threei}  wtg
[10:47] {dino} ty
01[10:47] {@Threei}  If holds  .15
[10:47] {dino} kite drop
[10:48] {RonS} took smci .10 to .68 +.58
[10:48] {dino} gj
[10:49] {nemo} they're walking it to 203
[10:50] {RonS} kite is up and down all the time
[10:51] {dino} yeah, not touching it
[10:52] {dino} instead of pulp, i'll call it kramer
[10:52] {RonS} kite needs a tail for some stability
[10:52] {dino} lol
[10:55] {RonS} sheesh, after 5 days in 50's, now would think it is winter...
01[10:56] {@Threei} Long Setup:  WWW  .20 break
01[10:56] {@Threei}  If holds  .13
[10:58] {RonS} www been weak after complaining about fx headwinds... fwiw
[10:59] {dino} smci pulling back
01[11:00] {@Threei}  can't resist this chart Ron... too tempting break of today's high and yesterday's eod support level
[11:01] {RonS} not complaining...but may be tied to the $ right now
[11:01] {dino} or tied to shoes
[11:02] {RonS} lol... good one... they must grow a little corn in your area
01[11:02] {@Threei}  lol
01[11:07] {@Threei}  stop to .16
[11:07] {dino} pbyi blood
[11:08] {RonS} annouced a secondary... no price yet
[11:08] {dino} ty
01[11:09] {@Threei}  MOSCOW - Russia's foreign minister says the United States wants to dominate global affairs
01[11:09] {@Threei}  wants?
01[11:09] {@Threei}  lol
01[11:09] {@Threei}  meh WWW
[11:09] {dino} as they invade ukraine
01[11:10] {@Threei}  Reuters: Poroshenko tells Davos forum Russia has 9,000 troops on Ukrainian soil
[11:11] {RonS} w/ US would mean 3000 fighters a 6000 support...
01[11:11] {@Threei}  Poroshenko said the Russian troops were backed by a range of heavy weapons, including tanks, heavy artillery and armoured vehicles.
01[11:11] {@Threei}  "If this is not aggression, what is aggression?" he asked.
[11:12] {dino} smci sm l .90
[11:12] {RonS} thinking here... your wife's slanted eye?
01[11:13] {@Threei}  hmmm... want to gove me a heart attack?
01[11:13] {@Threei}  give
[11:13] {RonS} lol
01[11:14] {@Threei} Long Setup:  JPM  .35 break
01[11:14] {@Threei}  If holds  .25
01[11:16] {@Threei}  liked opening much better
01[11:16] {@Threei} Long Setup:  VXX  .30 break
01[11:16] {@Threei}  If holds  .20
[11:17] {dino} out smci .24, +.34
[11:17] {dino} 80 still hanging out
[11:17] {dino} there it goes
01[11:18] {@Threei}  grrr
[11:18] {dino} brb
01[11:21] {@Threei}  rinse... somg
01[11:27] {@Threei} Short Setup: C  .95 break
01[11:27] {@Threei}  If holds  .05
01[11:31] {@Threei}  now, that's what I call nice economic performance:
01[11:31] {@Threei}  (RU) Russia Dec YTD Budget Balance (RUB): -328B v 0.0Be
01[11:34] {@Threei}  I have a great idea
01[11:34] {@Threei}  now that Obama is done with restoring US economy, wqhy don't we send him to help out Russia
[11:35] {RonS} at least he wouldn't have to change parties...
[11:37] {dino} you sure you canadians don't want to adopt him?
[11:37] {RonS} ya, let him live w/ ese for a month...
01[11:37] {@Threei}  I am sure they do
01[11:38] {@Threei}  but I personally insist on Russia
[11:38] {RonS} hey dino...
01[11:38] {@Threei}  C is still valid
01[11:38] {@Threei}  canadians are very strange thing in some regards...
01[11:39] {@Threei}  about 80% say they'd vote for Obama if they could
01[11:39] {@Threei}  yet they elect conservative government 4 times
[11:39] {cosmo} wha?
01[11:40] {@Threei}  with ever-increasing numbers each time, and last two giving them majority
01[11:40] {@Threei}  next election, conservatives are still in the lead by all polls
[11:41] {RonS} hey dino...
[11:41] {dino} yes?
[11:42] {RonS} alny first priced secondary in a long time held under the price... $95
[11:42] {dino} ok, on screen
[11:42] {RonS} ...thinking prople getting tired of all these bio secondaries...
[11:43] {dino} smci pull back again
[11:43] {RonS} people
[11:43] {dino} imo, 2ndaries at highs are much better than buying back shares at highs and issuing low (as most companies do)
[11:44] {RonS} aavl having one
[11:44] {RonS} ya well, a lot of these companies are burning cash so it gives them no incentive for any discipline...
[11:45] {dino} sure, w/bios, mostly true
01[11:46] {@Threei}  Invalidated  C
[11:47] {RonS} asps spike
[11:47] {RonS} $11 more to go?
[11:49] {dino} lo
[11:50] {dino} lol
[11:50] {dino} asps is crazy
[11:51] {RonS} axta drop... motto: AXTA coats your shit with ebonics
[11:51] {dino} asps value added call today, compass point cyts to 20 w/sell from 43. a bit late don't you think
[11:52] {RonS} but they were working 24-7 on it...
[11:52] {dino} cuts
[11:52] {dino} yeah
[11:53] {RonS} beside, they had to get the spike to get teir customers out and go short...
[11:53] {RonS} their
01[11:55] {@Threei}  watching DAL for pullback entry
01[11:58] {@Threei} Long Setup:  DAL  49 break
01[12:02] {@Threei}  change to .95 break
01[12:12] {@Threei}  1:1
01[12:14] {@Threei}  The Bank of Canada lowered its benchmark rate to 0.75% from 1.00% in a surprise move this morning, for the bank's first rate move in more than four years. No economists were forecasting a rate cut, but with surprising moves like the Swiss National Bank and others ahead of the ECB's presumed QE program, the BoC's cut was not too shocking. The BoC said falling oil prices were pulling inflation lower and there was too much labor slack in the economy. USD/CAD jumped about two big figures, rising to around 1.2300 from 1.2070 in the wake of the decision.
01[12:14] {@Threei}  The ECB policy meeting is tomorrow morning, but today brings another press report citing sources about the structure of a potential QE program. Just around the open of US cash equity trading, two major press sources released stories suggesting the ECB would be buying €50B in sovereign bonds a month for either one year or possibly through the end of 2016, for a minimum total purchase amount of €600B.
[12:18] {dino} wow asps
[12:23] {RonS} dino, you may want to short lrcx at some point... cs upgrade this a.m.
[12:24] {dino} \not sure
[12:25] {dino} imkta drops again
[12:25] {RonS} why not? freakin grocery chain...
[12:28] {RonS} yy triple a
01[12:29] {@Threei}  1:2
01[12:29] {@Threei}  took its sweet time
01[12:31] {@Threei}
[12:31] {dino} tr spike
01[12:32] {@Threei}  1:3
01[12:32] {@Threei}  good girl
01[12:32] {@Threei}  out
[12:33] {dino} tr, ceo dies, spec on takeover
[12:33] {dino} damn, can't borrow
[12:34] {dino} hell of a thing stock shoots up on ceo death
[12:38] {dino} taking a break
01[12:42] {@Threei}  BLUE Wedbush making positive comments; Reiterates Outperform rating, price target raised to $146 from $94
[12:48] {nemo} FCX
[12:49] {nemo} think .05 break might work
[12:51] {nemo} maybe not
01[12:53] {@Threei}  Leaving school-aged children home alone could become illegal if court convicts Winnipeg mother
[12:53] {RonS} 17 year olds?
01[12:54] {@Threei}  in case before the court, it was a 6 years old
01[12:54] {@Threei}  left alone for 90 min
01[12:55] {@Threei}  n the case currently being decided, a Winnipeg mother was arrested soon after Child and Family Services became aware that she intentionally left her child unattended for 90 minutes as she ran errands.
01[12:55] {@Threei}  The specific charge is child abandonment, which carries a maximum sentence of five years.
01[12:56] {@Threei}  “Even in a home environment, that child was endangered,” prosecutor Nancy Fazenda argued Monday, according to the Winnipeg Free Press.
01[12:56] {@Threei}  Although nothing bad happened, in 90 minutes, Ms. Fazenda argued, the child could have choked to death, electrocuted themselves or fallen down a set of stairs — not to mention the consequences of a sudden flood, fire or home invasion.
01[12:56] {@Threei}  I say let's hang her
01[13:00] {@Threei}  NATO said on Jan. 21 it had seen an increase in the numbers of tanks, artillery pieces and other heavy military equipment being used by Russian troops in eastern Ukraine and renewed a call for Moscow to withdraw.
01[13:08] {@Threei} Short Setup: CNW  .15 break
01[13:10] {@Threei}  If holds  .25
[13:11] {suwaneega} What stock are we looking at?
01[13:12] {@Threei}  see private message
[13:13] {nemo} indexes looking short to vwap
01[13:13] {@Threei}  only if SPY loses .80
[13:14] {nemo} I see it if it can't get above .10
[13:16] {RonS} sheesh the tr ceo was wonder the stock went Mars can buy them
[13:22] {nemo} short spy 203
[13:23] {nemo} stop above .10
[13:25] {nemo} IWM dropping
[13:26] {nemo} 1/2 .86
[13:27] {nemo} 1/4 more .60
[13:27] {nemo} should get a bit of a bounce @.50 then will set the stop
[13:29] {nemo} stop above .70
01[13:33] {@Threei}  stop .21
[13:34] {nemo} stop to above .60
[13:35] {nemo} above .50
[13:37] {nemo} out .52
[13:37] {RonS} gj
[13:41] {dino} .
01[13:45] {@Threei}  (IT) Italy PM Renzi: Would like to see EUR/USD parity
[13:45] {RonS} nutz...home in shop...blowing snow...outta 1/2 mi away
01[13:45] {@Threei}  well, at least you not a 6 years old
[13:46] {dino} lol
01[13:46] {@Threei}  otherwise being home alone could have spelled troubles
01[13:46] {@Threei}  and after "outta booze" nemo fell on the floor
01[13:46] {@Threei}  1:1
01[13:46] {@Threei}  finally
[13:47] {RonS} ya, cnw been on a speed regulator
01[13:47] {@Threei}  hehe
01[13:47] {@Threei}  time of the day... it's capable of faster moves
[13:48] {RonS} boyhood friend's dad drove for cnw...been around a long time
[13:48] {RonS} hillbilly family
[13:49] {RonS} from kentucky i think...only people i know that drank coffee from the saucer...
[13:50] {dino} no cups?
[13:50] {RonS} started in cup then spilled it into cool it i guess
01[13:51] {@Threei}  lol
01[13:51] {@Threei}  tea, yeah, I've seen that
01[13:51] {@Threei}  coffee, never
[13:52] {dino} hmm
[13:52] {dino} smci l trig break .00
[13:54] {nemo} mmmhhh...I might regret tightening my stop
01[13:54] {@Threei}  1:2
01[13:54] {@Threei}  good girl
[13:55] {nemo} there any such thing?
01[13:57] {@Threei}  yes, one... my wife told me so
[13:59] {dino} agio drop
01[14:00] {@Threei}  ugh... DAL 49 short, totally missed that
[14:00] {nemo} yep, I regret it
[14:46] {dino} risky, vsm l agio .00
[14:57] {nemo} VXX setting up
01[14:58] {@Threei}  hmmm
[14:58] {nemo} nope
[15:00] {nemo} break of .10
[15:01] {nemo} stop under 34
[15:02] {dino} agio stop
[15:02] {nemo} might be a little early, but they'll buy protection into the close
01[15:03] {@Threei} Long Setup:  IWM  .85 break
01[15:03] {@Threei}  If holds  .75
[15:03] {nemo} stop under .05
01[15:04] {@Threei}  Invalidated
[15:06] {nemo} making me work for it
[15:08] {nemo} stop to .12
[15:09] {nemo} to .20
[15:10] {nemo} .25
01[15:11] {@Threei}  good management
[15:11] {nemo} I'll partial when and if it drops .25
[15:11] {nemo} I think this might be the shake into the close
[15:12] {nemo} I'm thinking lots of people buy protection for their positions going into the drag queen
[15:12] {nemo} partialed .22 rest @ break even
[15:13] {nemo} reverse management I guess
01[15:13] {@Threei} Long Setup:  IWM  .50 break
01[15:13] {@Threei}  If holds  .40
01[15:14] {@Threei}  1:1
[15:14] {nemo} ah well
01[15:15] {@Threei}  it's a seesaw day, not a directional
[15:15] {nemo} I think I'm just a bit early
[15:15] {nemo} then again, that one was too much work
01[15:18] {@Threei}  1:2
[15:19] {nemo} wow, maybe they'll run this into the close
[15:20] {dino} think so
[15:20] {nemo} long 34.01 vxx
[15:20] {nemo} stop under .90
[15:21] {nemo} risking what I made on the last trade
01[15:21] {@Threei}  brave...
[15:21] {nemo} I'm ahead todday
[15:22] {nemo} sheesh
[15:22] {nemo} hah, still $6 bucks ahead
[15:22] {nemo} on VXX that is
[15:23] {nemo} brave=stupid
[15:24] {dino} lol
[15:24] {nemo} probably here
[15:29] {nemo} long .76 on apple coming in
[15:30] {nemo} o.k. maybe it'll be a jerk into the close
01[15:30] {@Threei}  I wouldn't risk shorting...
[15:30] {nemo} shorting what?
01[15:30] {@Threei}  buying VXX
01[15:30] {@Threei}  shorting market
01[15:30] {@Threei}  strong sense of rally into close
[15:30] {nemo} ahhh
[15:31] {nemo} I don't consider it a direct short in this situation
[15:31] {nemo} I am partialing on 1:1 though
[15:32] {nemo} I'm out under .70
[15:32] {nemo} ow
[15:32] {nemo} o.k. officially red in vxx
[15:33] {nemo} and rinse here?
01[15:38] {@Threei} Long Setup:  IWM  .75 break
01[15:38] {@Threei}  If holds  .65
[15:47] {nemo} you can raise your stop
01[15:48] {@Threei}  .69, yeah
01[15:49] {@Threei}  time's running out
[15:49] {dino} dish spike
01[15:50] {@Threei}  (UR) US Ambassador to the UN claims Russia's latest proposals for Ukraine peace plan amount to an 'occupation plan'
01[15:50] {@Threei}  lol
[15:50] {nemo} not .69 that's turnaround territory
01[15:51] {@Threei}  .68?
01[15:52] {@Threei}  (GR) ECB said to have approved emergency stand by funding for Greece banks
[15:52] {nemo} not giving us much of anything are they?
[15:52] {dino} dish sm s .98
01[15:53] {@Threei}  half out
01[15:53] {@Threei}  .83
01[15:54] {@Threei}  1:1
[15:54] {pamsv} twtr
01[15:55] {@Threei}  TWTR would be a good long if not the time
[15:57] {dino} cov dish .85, +.13
01[15:57] {@Threei}  stop to .79
01[15:58] {@Threei}  OK... out, no more time
01[15:58] {@Threei}  thank you all, have a good evening
[15:58] {dino} calling it a day, thx all
01[15:58] {@Threei}  see you tomorrow
[15:59] {pamsv} thanks - gn