Wednesday, February 4, 2015

Feb 04 2015

Nicely profitable day, started with 1:4 and ended with 1:5, with all kinds of scalps inbetween. Last VXX trade was especially spectacular, outshining the opening short on GM


Session Time: Wed Feb 04 00:00:00 2015
[08:53] {dino} gm 3i
01[08:55] {@Threei}  dino :)
[09:11] {RonS} hi guys
01[09:11] {@Threei}  ron :)
[09:22] {dptl} gm
01[09:22] {@Threei}  dp :)
[09:24] {dino} biotech wreck this morning
[09:24] {RonS} gild not gold...
01[09:25] {@Threei}  lol
[09:25] {jfjf64} morning all
01[09:26] {@Threei}  jf :)
01[09:26] {@Threei}  mitrasalkat, see private message please
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -NES +41% (signed deal with Clean Harbors to acquire Thermo Fluids for $84M)
01[09:26] {@Threei}  -ENTR +7.4% (earnings)
01[09:26] {@Threei}  -SNE +7% (earnings)
01[09:26] {@Threei}  -SJM +5.8% (acquiring Big Heart Pet Brands for $5.8B)
01[09:26] {@Threei}  -GM +5% (earnings)
01[09:26] {@Threei}  -DIS +3.7% (earnings)
01[09:26] {@Threei}  -ODP +2.6% (being acquired by SPLS for $11/shr)
01[09:26] {@Threei}  -KSS +3.8% (guidance)
01[09:26] {@Threei}  -SLAB +6.4% (eps and guidance)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -MYGN -18.5% (earnings; negative broker commentary)
01[09:27] {@Threei}  -RL -11% (earnings)
01[09:27] {@Threei}  -GILD -7.5% (earnings & comments that the company is offering wider discounts for Hep C drugs Harvoni & Sovaldi)
01[09:27] {@Threei}  -PLNR -7.5% (earnings)
01[09:27] {@Threei}  -CMG -6.2% (earnings & cost of steak and pork write-offs)
01[09:27] {@Threei}  -SPLS -6% (acquiring ODP for $11/shr)
01[09:27] {@Threei}  -ABBV -4.4% (GILD news re Hep C discounts)
01[09:27] {@Threei}  -SNH -4.4% (offering 25M shares)
01[09:27] {@Threei}  -ICPT -4.2% (announced 800K share offering)
01[09:27] {@Threei}  -WYNN -4.2% (earnings, MPEL -2.5%)
01[09:30] {@Threei}  GM has no business gapping up like this
01[09:33] {@Threei} Short Setup: GM  .20 break
01[09:33] {@Threei}  If holds  .30
[09:33] {jfjf64} to fast here
01[09:35] {@Threei}  .15 huge bid held it twice... third time should be it
01[09:35] {@Threei}  there
01[09:35] {@Threei}  1:1
01[09:36] {@Threei}  same with .10 now
01[09:37] {@Threei}  :)(
01[09:37] {@Threei}  :)
01[09:37] {@Threei}  1:2
01[09:37] {@Threei}  gravity exists
01[09:37] {@Threei}  now we know
[09:38] {nemo} sometimes I regret not trading the first 15 minutes
01[09:39] {@Threei}  let's try for 1:5?
01[09:39] {@Threei}  1:3
01[09:39] {@Threei}  1:4
01[09:39] {@Threei}  good boy
01[09:39] {@Threei}  questionable cars though
[09:40] {dino} gj
[09:40] {RonS} iaci sm l 59.94
01[09:41] {@Threei}  ty
[09:41] {jfjf64} im out 1:4 ty
[09:41] {dino} nemo, same here, i let iaci run w/o me because of my rule
01[09:41] {@Threei}  closed
01[09:41] {@Threei}  yw
[09:41] {dino} 07 rockin' green
[09:43] {jfjf64} twtr buy on pull bk
[09:43] {jfjf64} my opinion
01[09:45] {@Threei}  *(US) JAN FINAL MARKIT SERVICES PMI: 54.2 V 54.1E
[09:47] {nemo} look at that 1 min candle on DIS
[09:48] {jfjf64} ??
[09:48] {nemo} it gapped from the high down below 99 in seconds
01[09:50] {@Threei} Long Setup:  TWTR  .20 break
01[09:51] {@Threei}  If holds  .10
01[09:51] {@Threei}  no go
[09:56] {dino} achn sm l .85
01[10:00] {@Threei}  (US) JAN ISM NON-MANUFACTURING COMPOSITE: 56.7 V 56.4E
[10:03] {RonS} out iaci 60.85 from 59.61 ave +1.24
[10:04] {jfjf64} that a boy ronnie
01[10:04] {@Threei}  wtg
[10:04] {RonS} what my grandpa used to call me...ty
01[10:04] {@Threei}  mitrasalkat, see private message please
01[10:06] {@Threei} Short Setup: FB  .95 break
01[10:06] {@Threei}  If holds  .05
[10:07] {RonS} achn thicker than Aretha Franklin...
[10:07] {jfjf64} lol
01[10:09] {@Threei}  nope
[10:10] {jfjf64} here it goes
[10:11] {jfjf64} chop chop
01[10:14] {@Threei} Short Setup: MCD  .60 break
01[10:14] {@Threei}  If holds  .70
01[10:14] {@Threei}  1:1
[10:22] {dino} lol ron
01[10:26] {@Threei} Short Setup: FB  .80 break
01[10:26] {@Threei}  If holds  .90
[10:26] {dino} cvti spike
01[10:29] {@Threei}  ultimate definition of trash: Kim Kardashian reviews 'Fifty Shades of Grey'
01[10:31] {@Threei}  1:1
01[10:39] {@Threei} Long Setup:  JPM  .45 break
01[10:39] {@Threei}  If holds  .40
01[10:43] {@Threei}  1:1
[10:49] {jfjf64} twtr
[10:54] {jfjf64} its a 1: day
01[10:54] {@Threei}  GM begs to differ
[10:55] {jfjf64} f u twtr
[10:55] {jfjf64} yes
[10:55] {jfjf64}  gm
[10:55] {dino} achn to .16
01[10:55] {@Threei}  and JPM still holds hope
[10:55] {jfjf64} look what twtr did
[10:56] {jfjf64} took 10 break
[10:56] {jfjf64}  1:1
[10:56] {jfjf64} then out
[10:56] {dino} out +.41 achn
[10:57] {RonS} driving down a freeway of love eh dino...gj
01[10:57] {@Threei}  lol
[11:00] {dino} ty
[11:02] {RonS} https://www.youtube.com/watch?v=ISVMovHZUMg
[11:05] {RonS} one place nemo won't go:  Buying a pack of condoms in Venezuela now costs $755 http://bloom.bg/1zfxay0
01[11:06] {@Threei}  as sign at the store in Nassau says, "protect ya t'ings" :)
[11:09] {RonS} twc cmcsa acting like tat deal about to or got approved
[11:09] {RonS} +h
[11:10] {RonS} chtr moving too...prob benefits from forced spinooffs
01[11:20] {@Threei} Short Setup: JPM  .40 break
01[11:20] {@Threei}  If holds  .50
[11:37] {nemo} looking to reshort FAST above 43 dino
[11:37] {nemo} pretty strong overhead below .20
[11:37] {nemo} 43.20 that is
[11:38] {dino} no news on it nemo?
[11:38] {RonS} been big put buying in fast...
[11:39] {nemo} no news
01[11:43] {@Threei}  FAST Reports Jan net sales +6.9% y/y- Daily sales +12% y/y
[11:44] {nemo} shit didn't get to 43
01[11:45] {@Threei} Long Setup:  VXX  .95 break
01[11:45] {@Threei}  If holds  .85
01[11:52] {@Threei}  1:1
[11:55] {jfjf64} hey vg   you have ya steel toe boots on today
01[11:56] {@Threei}  nope
[11:56] {jfjf64} pls put on stomp on spy
[11:59] {dino} momo spike
[12:02] {jfjf64} common vg lace boots already
01[12:04] {@Threei}  sigh... I am trying to be kind... civilized...
01[12:04] {@Threei}  but as soon as I think I am out, you pull me back it
01[12:04] {@Threei}  in
[12:04] {nemo} that makes about as much sense as you wearing a tutu
01[12:05] {@Threei}  yeah... you and jf...
01[12:05] {@Threei}  can't be civilized with you two around
01[12:05] {@Threei}  wait... without you two I didn't succeed much in that either
01[12:05] {@Threei}  stop to .99
01[12:06] {@Threei}  1/4 more out
01[12:06] {@Threei}  twice at .14
[12:11] {jfjf64} be back in hour
[12:13] {jfjf64} rat
[12:13] {dino} same here, taking break
01[12:22] {@Threei}  The DJIA is now less than 100 points away from erasing its January losses and the Nasdaq has pulled even for the year as US equities see their third consecutive session of gains.
01[12:24] {@Threei}  jeez...
01[12:24] {@Threei}  http://www.kyivpost.com/content/kyiv-post-plus/sbu-says-it-caught-traitor-preventing-terrorist-attack-planned-for-parliament-on-feb-5-379489.html
01[12:25] {@Threei}  Steinmeier says US weapon to lead to more deaths in eastern Ukraine
01[12:26] {@Threei}  hmmm... really? weapon kills?
01[12:26] {@Threei}  who would have thought
01[12:26] {@Threei}  frikin imbecile
01[12:32] {@Threei}  how about that VXX
01[13:09] {@Threei} Long Setup:  IWM  .50 break
01[13:11] {@Threei}  If holds  .40
[13:12] {nemo} me thinks it drops .40 first
01[13:14] {@Threei}  hopefully holds and goes back up
01[13:14] {@Threei}  SPY channel suggests that
[13:17] {nemo} pivot .37
[13:26] {nemo} choppy mess
01[13:28] {@Threei}  running now
[13:29] {nemo} maybe, maybe not, this is the area of the 50 day on the spy
[13:29] {dino} .
[13:32] {jfjf64} whats happenin boss
01[13:32] {@Threei}  NAV halted
[13:43] {nemo} NOV
[13:51] {nemo} QCOM
01[13:51] {@Threei}  watcvhing VXX gfor pullback entry
01[13:53] {@Threei} Long Setup:  VXX  .20 break
01[13:53] {@Threei}  If holds  .10
[13:54] {nemo} watch aapl
01[13:55] {@Threei}  1:1
01[13:56] {@Threei}  don't need no stinkin' AAPL
[13:56] {nemo} if aapl comes in the market comes in
01[13:57] {@Threei}  1:2
01[13:57] {@Threei}  (close enough for 1/4 more out)
01[13:58] {@Threei}  perrrfect entry on a rinse
[13:58] {nemo} yeah, scalp day, don't expect SPY to get too far away from .40-50
01[13:58] {@Threei}  probably not, but...
01[13:58] {@Threei}  look how this rug pull happened
01[13:58] {@Threei}  may have more in store
[13:58] {nemo} yeah, aapl dropped
[14:02] {nemo} this is funny regarding Patriots:http://goo.gl/hMe7Zc
01[14:09] {@Threei}  another nice drop but this one I couldn't read at all
[14:18] {jfjf64} clean ya glasses
[14:18] {jfjf64} lol
01[14:26] {@Threei} Long Setup:  VXX  .45 break
01[14:27] {@Threei}  fast...
[14:28] {nemo} watch aapl
01[14:31] {@Threei}  again
01[14:31] {@Threei}  If holds  .40
01[14:31] {@Threei}  1:1
[14:32] {jfjf64} nice entry
01[14:41] {@Threei} Long Setup:  IWM  .55 break
01[14:41] {@Threei}  If holds  .45
[14:42] {nemo} aapl coming in
01[14:43] {@Threei}  trail to .49
01[14:49] {@Threei}  1:1
[14:49] {jfjf64} now run
[14:49] {jfjf64} aaple run
[14:49] {nemo} probably won't be any running
[14:49] {jfjf64} run forrest
[14:50] {jfjf64} nemo the party killer
[14:50] {nemo} no, nemo the chart reader
01[14:51] {@Threei}  buzzkill
[14:51] {nemo} keep drinking then
[14:51] {jfjf64} that's what I need
01[14:56] {@Threei}  lol jf... reminded me a little Johnny who answered teacher's question "what would you like to have in your household?" with: starting tomorrow, we have evferything
01[14:57] {@Threei}  and when teacher asked for explanation, he obliged
01[14:57] {@Threei}  when Mom said her mom was coming for a month-long visit, dad said "that's the last thing we need"
[14:58] {jfjf64} so true
[14:58] {jfjf64} vxx
[14:59] {jfjf64} 40 break looks the part
[15:01] {jfjf64} 1;1
[15:14] {jfjf64} here ya apple nemo
[15:27] {dptl} gn all see ya tomorrow
01[15:28] {@Threei}  take care dp
01[15:32] {@Threei} Long Setup:  VXX  .80 break
01[15:32] {@Threei}  If holds  .70
[15:35] {nemo} vxx .76 break
[15:35] {nemo} .75
[15:36] {nemo} stop under .70
01[15:37] {@Threei}  ok VXX, let's go
[15:38] {nemo} stop to .78
01[15:38] {@Threei}  1:1
[15:38] {nemo} partial .98
01[15:38] {@Threei}  1:2
06[15:38] * @Threei slaps jfjf64 around a bit with a large roll of cash
01[15:39] {@Threei}  1:3
01[15:39] {@Threei}  nailed it!
[15:39] {jfjf64} yes ya did
[15:40] {jfjf64} great job
[15:40] {jfjf64} go babbbbby
01[15:40] {@Threei}  1:5
01[15:40] {@Threei}  I am out
[15:40] {nemo} partial .28
01[15:40] {@Threei}  happy
[15:40] {nemo} stop under .20
[15:40] {jfjf64} im out
[15:40] {nemo} stop under .30
[15:41] {nemo} wow
[15:41] {nemo} stop under .40
[15:42] {nemo} holy shit
[15:42] {RonS} ECB WILL NOT ACCEPT GREEK GOV BONDS AS COLLATERAL
01[15:42] {@Threei}  wow
[15:43] {nemo} out
[15:43] {nemo} fuck me, bounced off of vwap
[15:44] {jfjf64} wow it did
[15:44] {jfjf64} 1.00 from entry
[15:44] {nemo} fuck me
01[15:45] {@Threei}  thank you, I'll decline
[15:45] {jfjf64} me too
01[15:45] {@Threei}  it's not you, it's me
01[15:45] {@Threei}  1:13
[15:45] {nemo} Holy shit
01[15:46] {@Threei}  1:15
[15:47] {nemo} Fick mich!
[15:47] {nemo} FIck mich!
[15:47] {nemo} verdammte Griechesche Menschen!!!!
[15:47] {nemo} Ach du Liebe GOtt!!!
[15:47] {nemo} Raspizdiyi
[15:47] {nemo} !!!!!!!!
[15:49] {nemo} http://goo.gl/XAGTHc
[15:49] {cosmo} gee, that was a good trade to save for instrucional purposes
[15:50] {RonS} ECB: Can't Assume Successful Conclusion to Greek Bailout Review
[15:50] {nemo} was that the death whisper for the Euro?
01[15:50] {@Threei}  nah, just a negotiation process
01[15:51] {@Threei}  Euro will die of course but not this way
01[15:52] {@Threei}  such statement brings them a lot of room to scare both, Greeks and hawks in other countries
[15:52] {jfjf64} goon night all
01[15:52] {@Threei}  greeks will soften their stance when face real danger of exit, hawks will let EU go for softer stance as well
01[15:52] {@Threei}  sdo compromise is closer
01[15:53] {@Threei}  that''s all there is to it
01[15:53] {@Threei}  thank yiu all, have a great evening
01[15:53] {@Threei}  see you tomorrow