Thursday, March 19, 2015

Mar 19 2015

Nicely positive day, even though on a slowish side - but that's kind of normal lately. FCX was particularly good to us.

Session Time: Thu Mar 19 00:00:00 2015
[09:03] {dino} gm
01[09:03] {@Threei}  dino :)
01[09:17] {@Threei}  dino fell asleep
[09:19] {RonS} gm...apparently
01[09:19] {@Threei}  ron :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -FOLD +26% (global regulatory update from EMA & FDA for Migalastat Fabry Monotherapy)
01[09:25] {@Threei}  -HRTX +11% (disclosed positive Phase 1 HTX-11 data in post-op pain)
01[09:25] {@Threei}  -GES +10% (earnings)
01[09:25] {@Threei}  -CBMX +9.5% (wins payor contract with InterWest HealthAddition)
01[09:25] {@Threei}  -SMLR +8% (announced FDA clearance for next generation PAD testing system)
01[09:25] {@Threei}  -NQ +7.5% (earnings; appointed Chun Ding new independent director)
01[09:25] {@Threei}  -SCVL +7.3% (earnings)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -RMGN -15% (signed non-binding LOI to sell airline media network business for $5.5M)
01[09:25] {@Threei}  -APPS -8% (FY16 guidance & registered $400M mixed shelf)
01[09:25] {@Threei}  -CNCE -6% (priced 3.3M share offering at $15.15/shr)
01[09:25] {@Threei}  -POT -4.3% (Saskatchewan govt made changes to Potash taxation & initiates review; FY15 earnings cut by C$75-100M)
01[09:25] {@Threei}  -HRZN -4% (priced 2.38M share offering at $13.95/shr)
01[09:25] {@Threei}  -RTRX -3% (priced 6.8M share offering at $19/shr)
01[09:25] {@Threei}  -WSM -3% (earnings)
01[09:33] {@Threei} Short Setup: FB  .50 break
01[09:33] {@Threei}  1:1
[09:37] {dino} rs sm l .24
01[09:38] {@Threei} Short Setup: MCD  .90 break
01[09:38] {@Threei}  ugh... late
01[09:43] {@Threei} Long Setup:  FB  .60 break
01[09:44] {@Threei}  If holds  .50
01[09:46] {@Threei} Long Setup:  VXX  .55 break
01[09:46] {@Threei}  If holds  ,45
01[09:48] {@Threei}  FB got away
01[09:51] {@Threei}  no go VXX
[09:53] {dino} added some aug fcx calls
01[09:54] {@Threei} Short Setup: MCD  .75 break
01[09:54] {@Threei}  If holds  .85
01[09:58] {@Threei}  [FCX] Seeing early put activity following reports that production has been halted at Grasberg - 2100 weekly 16.5 puts trade at $0.31- Press reports have indicated workers have blocked access to the Indonesia unit for a fourth straight day
[09:59] {dino} ty, saw that
01[09:59] {@Threei} Long Setup:  JPM  .50 break
01[09:59] {@Threei}  If holds  .40
01[10:00] {@Threei}  Invalidated
01[10:03] {@Threei} Long Setup:  TWTR  .85 break
01[10:03] {@Threei}  If holds  .75
01[10:05] {@Threei}  1:1
01[10:06] {@Threei}  1:2
01[10:14] {@Threei}  nice run TWTR
01[10:15] {@Threei} Long Setup:  FCX  .33 break
01[10:15] {@Threei}  If holds  .25
[10:16] {dino} ll sm l .70
01[10:17] {@Threei}  1:1
01[10:17] {@Threei}  (close enough
[10:29] {dino} not seeing much
[10:34] {dino} espr rocking again
01[10:34] {@Threei}  that's some move
[10:34] {RonS} unreal
01[10:43] {@Threei}  1:2
01[10:43] {@Threei}  slow but sure
[10:56] {RonS} Diageo says it will put nutritional labels on beverages such as Smirnoff vodka, Tanqueray gin, and Guinness stout. http://bloom.bg/1I1zPxu
[10:59] {dino} blue spike
01[11:00] {@Threei}  nutritional label on vodka?
[11:01] {cosmo} Guinness makes sense though
01[11:02] {@Threei}  "Oh my, all these calories... I gotta quit drinking"
[11:06] {RonS} cndo becoming a house
[11:14] {RonS} hifr pulp
01[11:14] {@Threei}  Equities are trading lower this morning as market participants re-evaluate the macro picture in the wake of the Fed's new stance.
01[11:14] {@Threei}  what new stance?
[11:14] {RonS} lol
01[11:15] {@Threei}  "we are removing "patient" but that doesn't mean we are impatient"?
01[11:15] {@Threei}  give me that vodka bottle with new nutrition information on it...
01[11:16] {@Threei}  OK, next paragraph is about to trigger a bout of epilepsy:
01[11:16] {@Threei}  Markets are endlessly rehashing the FOMC statement and Fed Chair Yellen's words from yesterday. Yellen couched the removal of the patient language in pretty clear terms: "just because we removed the word patient from the statement doesn't mean we're going to be impatient."
[11:16] {dino} talking heads
01[11:16] {@Threei}  somebody shoot me
[11:17] {cosmo} vodka shooter
01[11:17] {@Threei}  The gargantuan five big-figure move in EUR/USD (a round trip from 1.0650 to 1.1050 and back again, the second broadest one-day range seen since 2000) continues to echo through FX markets this morning. Analysts suggest the huge move, sparked by the Fed tempering its enthusiasm for US growth and imminent policy changes, was a bit of a one-off event given the late US afternoon usually has pretty thin FX liquidity conditions.
01[11:18] {@Threei}  WTI crude jumped from below $42.50 to above $45 at the close of cash equity trading yesterday afternoon. But like the euro rally, oil prices retraced the gains. Brent rose from $54 to nearly $57 and has also retraced nearly all its post-FOMC gains. As of writing, WTI is around $43.17 and Brent is around $54.40.
01[11:18] {@Threei}  lol
[11:20] {dino} going to the 30s
01[11:22] {@Threei}  chart sure says so
[11:29] {RonS} Islamic State says it is behind deadly attack on Tunisia museum in online recording
[11:29] {dino} shocking
[11:55] {dino} oled drop
[11:57] {dino} espr up another 2 bucks
[12:00] {dino} taking a lunch break
01[12:22] {@Threei} Short Setup: FCX  .30 break
01[12:22] {@Threei}  If holds  .40
01[12:38] {@Threei}  1:1
01[13:07] {@Threei}  hah... blast from the past
[13:07] {RonS} ye olde boat dude...
01[13:12] {@Threei}  he is content with letting us see him, but talking to us is beneath him {GGG}
[13:13] {RonS} must be on moot...
[13:13] {RonS} ...doesn't want to become relevant...
01[13:14] {@Threei}  maybe he is a ghost?
[13:15] {RonS} figures...given where he works...
01[13:15] {@Threei}  yeah, short distance to cross
[13:16] {Chaeron} HI EVERYBODY!
01[13:16] {@Threei}  not a ghost
01[13:16] {@Threei}  hey :)
[13:16] {Chaeron} sorry... had a call... someone actually to talk to
[13:16] {Chaeron} don't let me interrupt :)
01[13:16] {@Threei} Long Setup:  IWM  .60 break
01[13:16] {@Threei}  If holds  .50
01[13:17] {@Threei}  no, that's OK... we understand the striking difference between ourselves and someone to actually talk to :)
01[13:18] {@Threei}  see private message chaeron
01[13:20] {@Threei}  1:1
[13:55] {dino} adpt spike
01[13:57] {@Threei} Long Setup:  VXX  .50 break
[14:07] {dino} they can't take it down, my gut says up
01[14:09] {@Threei}  yeah
01[14:09] {@Threei}  Invalidated
[14:09] {dino} spxl sm l .54
01[14:15] {@Threei} Long Setup:  IWM  .80 break
[14:18] {dino} tsla drop
[14:21] {dino}  agio spike
[14:21] {dino} spxl stop .24 -.30
01[14:28] {@Threei}  IWM is valid
[14:32] {dino} rinsed
[14:38] {Chaeron} 3i kicked me?
[14:40] {Chaeron} just when I was going to say bye all... keep countin' the benjamins... make the stacks so phat the rubberband breaks, yo....
01[14:40] {@Threei}  lol
01[14:41] {@Threei}  no kicking:
01[14:41] {@Threei}  [14:38] * Chaeron (Mibbit@jas-EE75B5F4.public.wayport.net) Quit
01[14:41] {@Threei}  see?
01[14:41] {@Threei}  on your own volition
01[14:51] {@Threei}  1:1
[15:12] {RonS} unreal:  White House: US 'to reevaluate' backing for Israel at UN
01[15:12] {@Threei}  eeck
01[15:13] {@Threei}  (IL) Israel's Netanyahu: A two state solution is possible, just not now - Reminder: Ahead of the recent elections Netanyahu claimed that if he were reelected, he would not allow a two state solution under his watch
01[15:13] {@Threei}  so, this is Obama's reaction on Bibi's re-election?
01[15:14] {@Threei}  unbelievable
[15:14] {RonS} yep, childish temper tantrum
01[15:15] {@Threei}  such vindictiveness for a statesman
[15:16] {RonS} meantime kowtow to every despot on the planet...
[15:21] {dino} idiot obummer
01[15:26] {@Threei}  wow... only in Victoria: https://www.facebook.com/ilovedowntownvictoria/photos/a.134780149874999.20063.123641760988838/953242428028763/?type=1&theater
01[15:28] {@Threei} Long Setup:  IWM  .85 break
01[15:28] {@Threei}  If holds  .75
01[15:29] {@Threei}  change to .80
01[15:30] {@Threei}  If holds  .73
01[15:33] {@Threei}  1:1
01[15:46] {@Threei}  ok, ending on this
01[15:46] {@Threei}  positive day again
01[15:46] {@Threei}  thank you, have a good evening
01[15:46] {@Threei}  see you tomorrow