Wednesday, February 25, 2015

Feb 25 2015

Another strong day, with just one stop and a few nice wins. Perfect catch of a severe market drop with VXX position allowed us to finish trading session early.

Session Time: Wed Feb 25 00:00:00 2015
01[09:10] {@Threei}  Ron, someone at newswire took lessons from you:
01[09:10] {@Threei}  German CDU hardliners want Germany to take a hard line
[09:11] {dino} gm
[09:12] {RonS} gm... wow, hope i am not THAT bad...
01[09:12] {@Threei}  dino :)
01[09:12] {@Threei}  well, they are pros, so they outdid you in a hurry
01[09:15] {@Threei}  Greece Fin Min Varoufakis reiterated that he would cooperate with EU, ECB, IMF troika
01[09:15] {@Threei}  troika reiterated they don't know who Varoufakis is
[09:21] {dino} fwiw, just before close sold those alks calls +.79 / 27%
[09:21] {RonS} gj
01[09:21] {@Threei}  nice
[09:22] {dino} ty
[09:24] {RonS} curious to me that you bought so much time...
[09:26] {dino} i buy time ron, in case they don't work right away. seems i lose money on front months
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -BNFT +38% (earnings)
01[09:27] {@Threei}  -SSH +30% (received FDA approval for C-Pulse heart assist system US trial)
01[09:27] {@Threei}  -WGBS +27% (positive results in study utilizing SmartChip technology)
01[09:27] {@Threei}  -SFXE +21% (CEO Sillerman proposes non-binding transaction at $4.75/shr)
01[09:27] {@Threei}  -RUBI +13% (earnings & positive broker commentary)
01[09:27] {@Threei}  -RJET +11% (earnings)
01[09:27] {@Threei}  -ZAGG +10% (earnings)
01[09:27] {@Threei}  -BSFT +7.7% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -SAM -13% (earnings)
01[09:27] {@Threei}  -SLCA -9.5% (earnings)
01[09:27] {@Threei}  -DWA -8% (earnings)
01[09:27] {@Threei}  -LC -7.2% (earnings)
01[09:27] {@Threei}  -HPQ -6.5% (earnings)
01[09:27] {@Threei}  -TJX -5% (earnings)
01[09:27] {@Threei}  -LL -4% (earnings)
01[09:27] {@Threei}  -JAZZ -2.3% (earnings)
01[09:31] {@Threei} Long Setup:  FB  .60 break
01[09:31] {@Threei}  If holds  .50
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  1:3
[09:32] {dino} bnft seems extreme
01[09:36] {@Threei} Short Setup: DAL  .90 break
01[09:36] {@Threei}  oops
01[09:36] {@Threei}  late
01[09:36] {@Threei}  dropped like a stone
[09:38] {dino} adding lc calls
01[09:39] {@Threei} Long Setup:  LUV  .90 break
01[09:40] {@Threei}  1:1
01[09:40] {@Threei}  opening plays are fast...
01[09:41] {@Threei}  1:2
01[09:41] {@Threei}  1:3
01[09:41] {@Threei}  out
[09:42] {dino} ovas drop
01[09:46] {@Threei} Long Setup:  DAL  .80 break
01[09:46] {@Threei}  too fast
01[09:46] {@Threei}  see if pulls back for entry
01[09:47] {@Threei}  same setup, if holds .70
01[09:49] {@Threei}  1:1
[09:50] {dino} iclr spike
[09:53] {dino} ptct pulp
01[09:54] {@Threei} Short Setup: LUV  .90 break
01[09:54] {@Threei}  If holds  45
[09:54] {RonS} ssh into support
01[09:55] {@Threei}  attempt of aggressive shorting for .80 break
[09:55] {dino} added bnft puts
01[09:56] {@Threei}  1:1
[09:57] {dino} lc sm l .01 stop lod
01[10:00] {@Threei}  *(US) JAN NEW HOME SALES: 481K V 470KE
01[10:01] {@Threei}  this takes prize as the most stupid headline of the day so far, beats even those German hardliners:
01[10:01] {@Threei}  (US) Reminder: Fed Chair Yellen testifies before House panel at 10:00 ET (15:00 GMT) - The text of her prepared remarks will be the same as yesterday's text.
01[10:03] {@Threei} Long Setup:  DAL  .90 break
01[10:03] {@Threei}  If holds  80
[10:03] {dino} lol
01[10:06] {@Threei}  48 break should send DAL in stratosphere
01[10:06] {@Threei}  ok, exaggerating for effect... to 48.10
01[10:07] {@Threei}  stop to .84
[10:07] {dino} lc stop -.27
01[10:10] {@Threei}  come on DAL, so close
01[10:10] {@Threei}  break and run
01[10:10] {@Threei}  fly?
01[10:10] {@Threei}  meh
01[10:10] {@Threei}  out
01[10:13] {@Threei} Short Setup: CCL  .80 break
01[10:14] {@Threei}  If holds  .90
01[10:17] {@Threei}  1:1
01[10:18] {@Threei}  dino, you need this... maybe enlarged version though: https://www.facebook.com/video.php?v=454961637994900
[10:19] {Nesi} hi all
01[10:20] {@Threei}  hey nes
01[10:24] {@Threei} Short Setup: LUV  .72 break
01[10:24] {@Threei}  If holds  .80
01[10:26] {@Threei}  1:1
01[10:30] {@Threei}  *(US) DOE CRUDE: +8.4M V +4.5ME
01[10:30] {@Threei}  all the oil you want
[10:36] {dino} lc maybe wants gap 19.30
[10:41] {dino} ll daily, wow
[10:42] {RonS} ll missed by 15%
[10:42] {dino} jazz spike
[10:43] {RonS} will have trouble finding a floor....  :)
[10:45] {RonS} ll gone pulp  :)
01[10:47] {@Threei} Long Setup:  MCD  .50 break
01[10:47] {@Threei}  If holds  .40
[10:47] {RonS} my, how i miss nemo's groans...
01[10:48] {@Threei}  I'll tell him
01[10:50] {@Threei}  Angus Reid poll reveals 75% of adults say they were bullied at school
01[10:50] {@Threei}  wow... really?
01[10:50] {@Threei}  25% were bullying the rest?
[10:53] {dino} bullies get bullied too
01[10:53] {@Threei}  hmmm
01[10:53] {@Threei}  1:1
01[10:54] {@Threei}  so it's just a circle of life?
[10:54] {RonS} had a bully in 6th grade...big, mojave indian kid...terrorized most everybody until he came after me and i popped him in the nose...left me alone but it wasn't until 7th grade and they taught boxing in pe and bully became no more
01[10:55] {@Threei}  never got bullied... there were fights of course, but no bullying in usual sense of the word
01[10:56] {@Threei}  1:2
[11:02] {cosmo} bullies get bullied in their next life
01[11:03] {@Threei}  not good enough
[11:03] {cosmo} I know
01[11:04] {@Threei}  I like my revenge like my sex - right when I want it
[11:05] {RonS} ll lod
[11:05] {cosmo} you can't always get what you need. But if you try, sometimes you'll find you get what you want...
[11:07] {RonS} imo bullies got or are getting bullied at home...
[11:08] {dino} ll is rough
[11:09] {RonS} needs to be re-finished?
01[11:09] {@Threei}  1:3
01[11:09] {@Threei}  out
[11:09] {dino} hd kicking their ass
[11:10] {cosmo} yea, I got pantsed at 11 by bullies
[11:13] {cosmo} .. it took more than one btw
[11:27] {RonS} caught LL for sm l 53.45 ave to 55.69  +2.24
01[11:27] {@Threei}  wow
[11:28] {RonS} gonna do more but i had to change my diaper
06[11:32] * @Threei nails ron new box of depends
[11:33] {RonS} nutz, hit optimal target of 56.85...really need to learn to hold...
[11:37] {RonS} 3i, there is a wild pic of baby owl on twitter @interior.... if choose to see just be aware the bastards "followed" me after i followed them... it's the US dep of interior
[11:37] {dino} gj ron
[11:37] {RonS} ty
01[11:38] {@Threei}  wow ron
01[11:38] {@Threei}  good one
01[11:38] {@Threei}  funny turn of the head
[11:49] {RonS} lol...LL only has 27 mil sh outstanding...already traded 10... or maybe 2 mil for 5 round trips?
01[11:50] {@Threei}  or 5 mi for 2?
[11:51] {RonS} ...let the combo's begin...  lol
[11:57] {dino} lc sm l .80
01[11:57] {@Threei}  Both the DJIA and the S&P500 closed at fresh all-time highs yesterday and this morning the indices are hovering around the same levels. Fed Chair Yellen largely reiterated her comments from yesterday and has strongly defended the Fed's need for independence in policy making
01[11:58] {@Threei}  Press reports suggest that while European figures have provisionally accepted Greece's concessions, they're not very satisfied with Athens's very vague commitments. The FT reported that the IMF and the ECB questioned how much the commitments adhere to Greek's former promises. Note that Germany's Bundestag has to approve the bailout extension before its expiration on Saturday, and this skepticism may influence them.
01[11:59] {@Threei}  Meanwhile a new front in Europe's fiscal woes is coming to the fore now that Greece has kicked the can forward a few months. France is looking to delay its target for bringing the budget deficit below 3% of GDP by three years until 2018, and the EU Commission is only giving it until 2017, and is calling for more structural deficit reductions.
01[11:59] {@Threei}  lol
01[11:59] {@Threei}  this EU is just one disaster after another
[12:00] {dino} spain & italy next
01[12:15] {@Threei} Short Setup: MCD  .30 break
01[12:15] {@Threei}  If holds  .35
01[12:16] {@Threei}  Invalidated
01[12:33] {@Threei} Long Setup:  FB  .40 break
01[12:33] {@Threei}  If holds  .35
01[12:35] {@Threei}  half out
01[12:35] {@Threei}  stop to .39
[12:40] {dino} pcyc spike
[12:41] {dino} halt
01[12:41] {@Threei}  PCYC Reportedly considering a sale
[12:42] {RonS} PCYC  SAID TO WEIGH SALE OF $15 BILLION U.S. DRUGMAKER
[12:52] {RonS} rcpt spike
[12:53] {dino} out lc .25, +.45
[12:53] {RonS} gj
[12:53] {dino} ty
[12:53] {RonS} toughie
[12:55] {dino} yeah
01[13:02] {@Threei}  (GR) Greece Fin Min Varoufakis: Greece needs ECB help to avert a cash crunch in March
01[13:02] {@Threei}  reality sets in, eh?
01[13:02] {@Threei}  either you default and get out, or play by their rules
01[13:03] {@Threei}  trying to stay in but dictate your rules - won't work
[13:03] {RonS} juno spinning higher
[13:04] {RonS} jazz upbeat
01[13:04] {@Threei}  FBV worked nicely for a lunchtime scalp
[13:04] {RonS} mdvn levitation
01[13:04] {@Threei}  FB
01[13:04] {@Threei}  dino... Winnipeg is -40
01[13:05] {@Threei}  does it help?
01[13:11] {@Threei} Short Setup: MCD  .80 break
01[13:11] {@Threei}  If holds  .90
01[13:19] {@Threei}  no go
01[13:19] {@Threei}  first stop today
01[13:25] {@Threei}  my fault actually... missed good short setup at .90, and tried to play second one
01[13:25] {@Threei}  but lunchtime is not the right time for such follow through
01[13:31] {@Threei} Long Setup:  IWM  .95 break
01[13:31] {@Threei}  If holds  .85
01[13:39] {@Threei}  stop to .89
01[13:39] {@Threei}  half out
01[14:06] {@Threei}  [BBRY] Signs agreement with Google to Enhance Mobile Security and User Experience
01[14:06] {@Threei}  really?
01[14:06] {@Threei}  Google wants BBRY users experience?
01[14:09] {@Threei}  [LUV] Reportedly finishes inspections on 80 planes and intends to finish all inspections before the FAA deadline
[14:15] {dino} cenx sm l .32
01[14:15] {@Threei} Long Setup:  VXX  27 break
01[14:15] {@Threei}  If holds  .90
01[14:22] {@Threei}  1:1
01[14:26] {@Threei}  1:2
01[14:27] {@Threei}  nice catch Threei
01[14:27] {@Threei}  why thank you Threei
[14:27] {RonS} sheesh, can't even wait for 3:1...
01[14:28] {@Threei}  really... sorry
01[14:28] {@Threei}  withdrawing that
01[14:32] {@Threei}  1:3
[14:33] {RonS} good one, thanks 3i
06[14:33] * @Threei looks at Ron questioningly
01[14:33] {@Threei}  hehe
01[14:33] {@Threei}  yw
01[14:33] {@Threei}  almost 1:4
01[14:33] {@Threei}  out in full
01[14:39] {@Threei}  what the deuce?
01[14:39] {@Threei}  no news
01[14:55] {@Threei}  jeez... http://globalnews.ca/news/1850086/watch-local-divers-encounter-with-a-giant-octopus-goes-viral/
01[14:55] {@Threei}  from my island, lol
[15:01] {RonS} snowing here...gonna hit the gym before the roads get bad...best day of the year for me...thanks everyone, see y'all tomorrow
[15:02] {RonS} HEWLETT-PACKARD IS SAID TO BE IN TALK TO BUY ARUBA NETWORKS
01[15:03] {@Threei}  gj ron
[15:04] {dino} gj ron
[15:05] {dino} gotta hop early here, not really my day, oh well, feb has been very good month
01[15:06] {@Threei}  take care dino
[15:07] {dino} u2, thx
01[15:16] {@Threei}  skipping too, have a good evening, see you tomorrow
[15:16] {cosmo} yeah, I better get out and get some sun...