Tuesday, February 24, 2015

Feb 24 2015

Fairly decent day, started and ended with 1:3ers, plus some in the middle. 

Session Time: Tue Feb 24 00:00:00 2015
[08:56] {dino} gm
01[08:56] {@Threei}  dino :)
[09:00] {dino} get this 3i, another record, -18 degrees f at 6:00 am here
[09:00] {dino} no end in sight until Sunday
01[09:00] {@Threei}  this is not even funny
[09:00] {dino} -11 right now
01[09:00] {@Threei}  where is al gore, to put his face in the snow and ask "what's that bad gore"
[09:02] {dino} 6 weeks of sub-zero temps
[09:24] {RonS} gm
01[09:24] {@Threei}  ron :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -EYES +18% (receives approval for first commercial implants of the Argus II Retinal Prosthesis system in France)
01[09:27] {@Threei}  -SPWR +17% (yiledco announcement/earnings)
01[09:27] {@Threei}  -CHGG +16% (earnings/extension of digital textbook agreement)
01[09:27] {@Threei}  -CAPN +16% (hearing recent strength attributed to financial blog article)
01[09:27] {@Threei}  -FSLR +15% (First Solar and SunPower plan to partner to form joint YieldCo vehicle; could subsequently launch it as an IPO)
01[09:27] {@Threei}  -CBRL +4.3% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -ROSE -17% (earnings)
01[09:27] {@Threei}  -TEP -5.2% (prices 10M unit offering at $50.82/unit)
01[09:27] {@Threei}  -WIN -5.0% (earnings)
01[09:27] {@Threei}  -HCN -3.0% (secondary)
01[09:27] {@Threei}  -PLL -2.8% (earnings)
01[09:32] {@Threei}  look at FCX which I wanted to buy right on the close :)
01[09:33] {@Threei} Short Setup: FB  .45 break
01[09:33] {@Threei}  If holds  .55
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:35] {@Threei}  1:3
01[09:35] {@Threei}  out
01[09:35] {@Threei}  nice and easy
[09:35] {Nesi} good morning
01[09:35] {@Threei}  nesi :)
01[09:36] {@Threei} Long Setup:  FB  .20 break
01[09:36] {@Threei}  too fast
01[09:36] {@Threei}  grrr
01[09:39] {@Threei} Short Setup: JPM  .40 break
01[09:39] {@Threei}  If holds  .50
01[09:42] {@Threei}  no go
01[09:43] {@Threei}  rinse
01[09:45] {@Threei}  *(US) FEB PRELIMINARY MARKIT SERVICES PMI: 57 V 54.5E
01[09:48] {@Threei} Short Setup: FB  .40 break
01[09:48] {@Threei}  If holds  50
01[09:48] {@Threei}  1:1
[09:53] {dino} thc pop
01[09:55] {@Threei} Short Setup: TWTR  .90 break
01[09:56] {@Threei}  If holds  49
01[10:00] {@Threei}  *(US) FEB CONSUMER CONFIDENCE INDEX: 96.4 V 99.5E
01[10:00] {@Threei}  1:1
01[10:00] {@Threei}  (US) Fed Chair Yellen: Patient stance means the Fed will not raise rates for at least the next few meetings - monetary report to Congress
01[10:01] {@Threei}  1:2
[10:01] {dino} alks sm l .36
[10:01] {dino} oulp
[10:01] {dino} pulp
[10:14] {dino} .
[10:14] {dino} hls spike
01[10:16] {@Threei} Long Setup:  FB  .90 break
01[10:16] {@Threei}  If holds  .80
01[10:19] {@Threei}  Invalidated
[10:21] {dino} adding alks calls
01[10:24] {@Threei}  got away
[10:25] {RonS} alks150320c70's  ?
[10:26] {RonS} ...after yesterday...seemed appropriate...
01[10:27] {@Threei}  lol
01[10:27] {@Threei}  AlKsPGPoP
[10:27] {RonS} lol
[10:27] {dino} took some may 75s
01[10:43] {@Threei}  (US) Fed Chair Yellen: Not supportive of chaining the FOMC decision making practices to any specific rule whatsoever - congressional Q&A - lack of wage growth shows there is more to do in the labor market
01[10:44] {@Threei}  sure... raise minimum wage to CEO salary
01[10:45] {@Threei} Long Setup:  MCD  .05 break
01[10:45] {@Threei}  If holds  .95
01[10:57] {@Threei}  Residents in Russia's Kaliningrad exclave have burnt an effigy of U.S. President Barack Obama to mark the spring holiday of Maslenitsa
01[10:58] {@Threei}  nice job on that reset button
01[11:01] {@Threei}  half out
01[11:03] {@Threei}  1:2
[11:10] {RonS} lol...Janet Yellen being interrogated by professional fundraisers.
01[11:10] {@Threei}  lol
01[11:11] {@Threei}  hmmm... it seem the way to arm Ukraine is found:
01[11:11] {@Threei}  ABU DHABI - Ukrainian President Petro Poroshenko met high-ranking United Arab Emirates government officials on Feb. 24 to secure the purchase of weapons at an arms expo.
[11:12] {RonS} they make weapons?
[11:13] {cosmo} Could that expo be an airshow?
01[11:13] {@Threei}  nope
01[11:13] {@Threei}  they buy weapons
01[11:18] {@Threei}  which is why this is simply a way to arm Ukraine without direct supplies
[11:20] {dino} we should arm them
01[11:22] {@Threei}  couple concerns about that
[11:22] {dino} yes, but not arming them is giving the country nto russia
01[11:22] {@Threei}  one, this is rapid escalation of a conflict, and Russia has means to increase their arsenal much faster than external supplies would arrive
01[11:23] {@Threei}  so that could in fact be detrimental to Ukraine
01[11:23] {@Threei}  not even speaking of training necessary to use modern weapons
01[11:23] {@Threei}  there is just no time for that
01[11:24] {@Threei}  another, and quite serious is: state of army, corruption at all levels and russian spies everywhere create real danger of weapons falling in wrong hands
01[11:25] {@Threei}  US might quickly find out that russians have them
01[11:25] {@Threei}  difficult situation...
[11:27] {dino} sure, but doing nothing condenms them to russia
01[11:27] {@Threei}  true
01[11:28] {@Threei}  IMO, sanctions must be ramped up, to halt the economy
01[11:28] {@Threei}  turn SWIFT off
01[11:29] {@Threei}  that'll hurt for real
01[11:29] {@Threei} Long Setup:  VXX  .40 break
01[11:29] {@Threei}  If holds  .30
01[11:31] {@Threei}  Invalidated
01[11:42] {@Threei}  should have changed to .30
01[12:03] {@Threei} Short Setup: MCD  95 break
01[12:03] {@Threei}  If holds  .10
01[12:03] {@Threei}  missed nice morning, renfrew...
01[12:07] {@Threei}  Invalidated
01[12:17] {@Threei} Long Setup:  VXX  .40 break
01[12:17] {@Threei}  If holds  .30
01[12:31] {@Threei}  (CH) Switzerland competition authority reportedly begins investigation into precious metals pricing
01[12:32] {@Threei}  sharp drop SPY
01[12:32] {@Threei}  no news yet'
01[12:38] {@Threei}  out balance VXX on a trail
01[12:43] {@Threei}  you east coast sufferers, suffer some more: http://www.arrestinglight.com/blog/2015/2/cruelty-of-february
[12:45] {RonS} ya, 40 and sunny here but 2 snowstorms between tomorrow and Sunday and sub 40 for 10 days...global warming sure is grand
01[12:45] {@Threei}  lol
01[12:45] {@Threei}  [09:00] {@Threei} where is al gore, to put his face in the snow and ask "what's that bad gore"
01[12:45] {@Threei}  Comments by Fed Chair Yellen have lifted markets this morning, although there is as yet little new material in her prepared remarks or the Q&A session.
[12:46] {RonS} ...there is a Gore mountain range just north of Vail...
01[12:47] {@Threei}  In her prepared remarks, Yellen largely reiterated prior points, including that changes to the forward guidance/patience language would precede hikes but would not necessarily indicate imminent tightening. The Big Questions including employment and inflation. On the former, Yellen accentuated sluggish wage growth and participation, saying the labor market is not yet fully healed. On the latter, Yellen blunted stated that there is no evidence that inflation will move above 2% right now
[12:47] {RonS} "except for taxes, insurance, food, and entertainment"
01[13:04] {@Threei} Long Setup:  IWM  .35 break
01[13:04] {@Threei}  .c .25
01[13:04] {@Threei}  If holds  .25
01[13:21] {@Threei}  no go
01[13:36] {@Threei}  rinse
01[13:37] {@Threei}  disgusting bheavior
[13:38] {RonS} speaking of:  White House: Obama will veto Keystone bill today 'without any drama or fanfare or delay'
01[13:39] {@Threei}  lol
[14:00] {dino} cgi spike
[14:00] {dino} alr spike
01[14:00] {@Threei}  Gulf nation OPEC delegate indicates that Brent price around $60/bbl is ok; oil price has stabilized - press - demand in oil is showing signs of improvement in Asia- would be unlikely that an extraordinary meeting would be called if oil prices stabilize
01[14:01] {@Threei}  ECB's Coene: theoretically possible for a country to leave the Euro Zone
01[14:01] {@Threei}  I dunno... this is Hotel california...
01[14:01] {@Threei}  you have to destroy whole thing, if you want to leave it
[14:04] {dino} out alks .40, +1.05
[14:05] {RonS} gj
01[14:05] {@Threei}  wtg
[14:05] {dino} ty, it kept hitting 69.40s then dropping, wanted 70, but got tired of pullbacks
01[14:17] {@Threei} Long Setup:  IWM  .25 break
01[14:17] {@Threei}  If holds  .20
01[14:17] {@Threei}  ridiculously tight stop
01[14:19] {@Threei}  Invalidated
01[14:29] {@Threei}  again, same setup
01[14:29] {@Threei}  double bottom
01[14:29] {@Threei}  stop would be under .17
[14:36] {dino} gotta hop early, take care all
01[14:36] {@Threei}  take care dino
[14:37] {RonS} cya dino
[14:39] {dino} ty
01[14:40] {@Threei}  1:1
01[14:57] {@Threei}  1:2
[15:08] {RonS} good one...thanks 3i
01[15:08] {@Threei}  :)
01[15:10] {@Threei}  1:3
01[15:10] {@Threei}  largish eod of day plays come regularly and oredictable
[15:33] {RonS} dino needs this?  http://www.sunfrogshirts.com/Let-It-Snow.html?38076
[15:33] {RonS} problem is, it's so freakin cold would have to be covered up...
01[15:35] {@Threei}  lol
01[15:36] {@Threei}  do you know who the dude on the t-shirt is?
[15:36] {RonS} no idea...
01[15:36] {@Threei}  character from game of thrones, last name is snow
[15:36] {RonS} lol
[15:36] {RonS} that is funny...
01[15:36] {@Threei}  multilevel joke :)
01[15:38] {@Threei}  if VXX dives under .90, might be last play of the day
[15:38] {RonS} awright, pulling the ripcord here...gotta shovel the north side while warm...see all tomorrow
01[15:39] {@Threei}  ok :)
01[15:41] {@Threei}  sharp move, tought to read
01[15:42] {@Threei}  ok, calling it a day. Thank you, have a great evening
01[15:42] {@Threei}  see you tomorrow