Friday, March 20, 2015

Mar 20 2015

To finish a good trading week on a just as pleasant note:

Very nice day with a lot of winning trades and just one stop, ending the good week.

Session Time: Fri Mar 20 00:00:00 2015
[09:22] {dino} gm
[09:22] {RonS} hi guys
[09:22] {dino} 3-6" snow coming my way (again)
01[09:23] {@Threei}  dino, ron :)
01[09:23] {@Threei}  sheesh
01[09:24] {@Threei}  all that snow ceased to be funny long ago
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -PRTA +40% (Phase 1 trial of PRX-002 shows positive results)
01[09:25] {@Threei}  -SPEX +26% (update on litigation with VTech & Uniden)
01[09:25] {@Threei}  -CTRP +20% (earnings)
01[09:25] {@Threei}  -ICLD +10% (earnings)
01[09:25] {@Threei}  -ICPT +8% (positive FLINT Phase 2b trial results for obeticholic acid)
01[09:25] {@Threei}  -GMAN +7.5% (earnings)
01[09:25] {@Threei}  -BIIB +7.5% (positive Phase 1b BIIB037 Alzheimer's treatment)
01[09:25] {@Threei}  -NKE +5% (earnings)
01[09:25] {@Threei}  -DRI +4.2% (earnings)
01[09:25] {@Threei}  -CMCM +3.6% (earnings)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -MAC -8% (SPG increased offer to best and final at $95.50/shr vs. $91 prior)
01[09:25] {@Threei}  -THRX -5.4% (momentum from yesterday's FDA decision on Breo Ellipta for children's asthma)
01[09:25] {@Threei}  -YOKU -5% (earnings)
01[09:25] {@Threei}  -AKS -4.5% (guidance)
01[09:25] {@Threei}  -TIF -3.6% (earnings)
01[09:25] {@Threei}  -ARG -2% (cut Q4 guidance)
[09:27] {RonS} mac knifed
[09:28] {dino} missing something, raised bid to 95 and drop?
[09:28] {RonS} 4/1 drop dead date after poison pills initiated...
01[09:30] {@Threei}  PRTA, some gap
[09:30] {dino} ty
01[09:32] {@Threei} Long Setup:  FB  .30 break
01[09:32] {@Threei}  If holds  .20
01[09:32] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:34] {@Threei} Long Setup:  VXX  .65 break
01[09:35] {@Threei}  If holds  .60
[09:41] {dino} mac sm l .00
01[09:41] {@Threei} Short Setup: FB  .50 break
01[09:41] {@Threei}  If holds  .60
01[09:42] {@Threei}  to .56
01[09:45] {@Threei}  1:1
01[09:46] {@Threei}  1:2
01[09:46] {@Threei}  meh VXX
01[09:47] {@Threei}  1:3
01[09:47] {@Threei}  out .22
01[09:47] {@Threei}  1:4
[09:49] {dino} mac stop -.32
[09:50] {dino} cmcm sm l .62
[09:54] {dino} mac sm l .40
[09:55] {dino} prta nuts on p1
01[09:58] {@Threei} Long Setup:  TWTR  .80 break
01[09:58] {@Threei}  If holds  .70
01[10:00] {@Threei}  1:1
01[10:01] {@Threei}  PRTA CNBC's Cramer indicates will have the CEO on Mad Money later today
01[10:01] {@Threei}  that's when it drops dead
[10:02] {RonS} heard he said "wait for pullback", then it dropped
[10:02] {dino} phase 1, gut says buy puts
[10:03] {dino} out mac .81, +.41
[10:03] {RonS} what?  no big mac?
[10:04] {dino} vxx new 52 week low
01[10:04] {@Threei}  no, it's Royale with Cheese
[10:04] {dino} lol
[10:04] {dino} could go for quarter pounder w/cheese
01[10:05] {@Threei}  "Well, a Big Mac's a Big Mac, but they call it le Big-Mac"
[10:15] {RonS} sqm spike
[10:15] {RonS} biotech weak
[10:17] {dino} ?
[10:17] {RonS} ibb near day's lows...
[10:17] {RonS} Israel Chemicals say that they could be interested in SQM
[10:19] {RonS} IBB buyer of April 355x/340x put spread. 5,000 contracts for a net debit of about 3.05.
[10:22] {dino} cmcm stop .30 -.32
[10:23] {dino} anip drop
01[10:29] {@Threei} Long Setup:  FB  .80 break
01[10:29] {@Threei}  .c .70
01[10:29] {@Threei}  If holds  .70
01[10:37] {@Threei}  1:1
[10:52] {dino} hate these gap up big opens
01[10:56] {@Threei}  phrase you'd be considered insane had you said it in 1994:
01[10:56] {@Threei}  Yelp says to try the gluten-free bison burger with kale and quinoa.
[10:57] {dino} tot spike
01[10:57] {@Threei}  I uploaded all my family pics to a cloud so I won't have to worry about data loss.
[10:58] {RonS} what happens when clouds rains?
01[10:59] {@Threei}  I have angry birds on my phone.
01[10:59] {@Threei}  The Queen of England photobombed a selfie.
[10:59] {RonS} sorry...compulsion...peckers in the hand, eh?
01[11:00] {@Threei}  lol
[11:02] {RonS} Market Internals update at 10:30ET - NYSE volume 440M shares, about 163% above its three-month average; advancers lead decliners by 4.2:1.- NASDAQ volume 540M shares, about 36% above its three-month average; advancers lead decliners by 2.1:1
01[11:02] {@Threei}  Equity markets are on a tear higher this morning, with European indices points off their highs and US indices seeing good gains in heavy volume (today is quad witching).
01[11:03] {@Threei}  . The Greece meeting has ended without any further resolutions, although there were mildly positive comments out of Chancellor Merkel, who seemed optimistic that Greece's new proposals would arrive next week and said she would have nothing to do with talk about a Greek EMU exit.
01[11:22] {@Threei} Long Setup:  TWTR  .90 break
01[11:22] {@Threei}  If holds  .80
01[11:29] {@Threei}  1:1
01[11:45] {@Threei} Short Setup: FB  .40 break
01[11:45] {@Threei}  If holds  .50
01[11:50] {@Threei}  1:1
[11:55] {dino} prta lower high lower lows
[12:07] {dino} nviv hl l .85
[12:21] {dino} prta lower low
01[12:32] {@Threei} Long Setup:  TWTR  .60 break
01[12:32] {@Threei}  If holds  .50
[12:40] {dino} this prta, get to 35?
[12:40] {dino} riding puts
01[12:42] {@Threei}  looks like
01[12:43] {@Threei}  change to .50 break
01[12:52] {@Threei}  nah
[12:52] {dino} infa spike
[12:54] {RonS} infa takeover rumors
01[12:55] {@Threei}  INFA PE firms said to be preparing offers for the firm - financial press- Bidders said to include a consortium of Silver and Hellman & Friedman.
01[12:56] {@Threei}  [HLF] HLF Pershing's Ackman comments on L.A. court dismissal of shareholder suit this week, says the dismissal does not exonerate the firm or prove it is not a pyramid scheme
01[12:57] {@Threei}  (RU) US State Dept Spokesperson calls on Russia to halt sending weapons over the border into Ukraine
01[12:57] {@Threei}  Russia: well, if you won't, then who but us?
[13:00] {dino} infa sm s .67
[13:05] {dino} cov infa .30, +.37
01[13:06] {@Threei}  nice
[13:07] {dino} ty
01[13:08] {@Threei}  .40 was right entry to TWTR reversal
[13:09] {dino} ron, you finding many trades? you're not posting much lately
01[13:11] {@Threei} Short Setup: CELG  .70 break hl
[13:11] {RonS} not really
01[13:11] {@Threei}  If holds  .85
01[13:12] {@Threei}  1:1
[13:15] {RonS} gets tough for me when the scanner gets overrun by energy and biotech names
01[13:20] {@Threei}  rise up to challenge and buy some restaurant
01[13:20] {@Threei}  or the whole chain
01[13:20] {@Threei}  like MCD
[13:20] {dino} i was going to say quit whining
[13:20] {dino} vxx hit 24s
01[13:20] {@Threei} Short Setup: MCD  .40
01[13:20] {@Threei}  If holds  .50
[13:29] {dino} out fcx calls from yesterday, +.60 / 60%
[13:30] {RonS} gj... follow some guy on twitter that made $11k today on fcx calls from yesterday
[13:31] {dino} too bad it wasn't me, only 10 of those buggers
[13:31] {RonS} the dude swings a crazy heavy book in options
[13:31] {dino} indeed
[13:33] {dino} i'm trying to add 30% to my stock day trades, thru options
[13:33] {dino} in feb i blew that away, $10k
[13:34] {dino} right now in march, half way there, {1,500
[13:36] {RonS} he bot 400 may 20's for .57...partialed 50 @ .65, 50 @ .79, 50 @ .86....still holding the rest for now
[13:38] {dino} swinging a bigger account than i, most of my cash goesright back into forclosures. bidding a 25 acre lot w/house this weekend, should get it for around $80k. will break it up, the house land alone is worth $100k
[13:39] {dino} the land is wprth $100k, house probably $80k on 2 acres
[13:39] {RonS} unreal
[13:40] {dino} yeah, still crazy up here, lots of opportunities in foreclosures, should carry on for two more years
[13:40] {dino} if i get this one, it will be house #30 in 10 years
[13:41] {dino} want 100 flipped by time i turn 65, another 15 years
[13:43] {dino} best part is, i now have a gc who handles everything, most i do is send my son to mow the lawns
[13:43] {RonS} lol...the pro's around here do 6-15 at a time and turn them 3-4x every year...but there are years when they stop and walk away
[13:44] {dino} two at a time my max, tough to keep my head clear for trading above that number (worry about cash out there)
[13:45] {dino} but yeah, some of thoses pros are inbredible
[13:45] {dino} incredible
[13:45] {dino} those
[13:53] {RonS} they still make mistakes...guy bot house on next block...had to have put $50k into it...marked it up $130k...was going to get full price 2 days after went on merket...buyers wanted (and it needed) a new roof...seller said no...buyers walked... 2 weeks later interest rates moved up, and market softened...seller put on new roof and later cut his price $50k
01[13:55] {@Threei}  yikes
[13:56] {dino} yeah, its all a game. timing and luck play big part. i don't use the banks. i buy cash, but still hate to have it out there too long. typically i bi as is, cash, 20 close, clear tutle. it bumps a lot of theothers out right away
[13:56] {dino} bi=bid; tutly=title
[13:57] {dino} but yeah, every nowand then you get stuck, when that happens i go to a one year rental, then re-list after that. rental business here is brutal
[13:58] {cosmo} I like to be in cash at the end of the day
[13:58] {dino} with stocks, me too cosmo
[14:00] {cosmo} :) ...I've told that to realators though, with a streight face
[14:01] {dino} lol
01[14:01] {@Threei}  lol
01[14:02] {@Threei}  got a buddy in SD... man, I would love to have him trading stocks and being in sight all the time
01[14:03] {@Threei}  guy bought anfd sold two houses over last 9 years - both buys are at exact tops, sell at exact bottom
01[14:03] {@Threei}  perfect contrarian indicators
01[14:03] {@Threei}  -s
01[14:03] {@Threei}  just go against him, you'll never lose
[14:04] {dino} lol, thats my attorney, whenever he's getting back into stocks i know its time to get nervous
01[14:04] {@Threei}  and the amount of research he does to time his buys and sells, and confidence he has in them is beyond belief
[14:04] {cosmo} i can emphasize
[14:05] {cosmo} ...make it in stocks: loose it in RE
01[14:05] {@Threei}  I got married with less thinking than he puts into which website to open today for another step in research
01[14:05] {@Threei}  (with better success too)
01[14:11] {@Threei}  1:2  MCD
[14:11] {dino} gj
01[14:11] {@Threei}  decent day shapes up
01[14:11] {@Threei}  ty
[14:12] {dino} if i get out of these prta puts right, then yes
[14:18] {dino} friday afternoons, slowwwww
01[14:20] {@Threei}  1:3
01[14:20] {@Threei}  slowly climbing market... alqways like this
01[14:23] {@Threei}  1:4
[14:26] {dino} nice
01[14:27] {@Threei}  ty
[14:39] {RonS} crox spike
[15:03] {RonS} hey dino...
[15:04] {dino} yes
[15:06] {RonS} son-in-law works for dva in a fairly senior postion for a 33 yr old... he told me the day after earnings the ceo underplayed what they were doing... w/ the neg reaction in the stock i felt he did it on purpose so Buffet could increase his stake...
[15:07] {RonS} ...when buffet's holdings came out he in fact had increased them and dva got the run you see...
[15:08] {dino} stuff like that happens all the time i bet
[15:08] {RonS} someone bought nearly 8000 apr 80 puts... possible could see some weakness here... fwiw
01[15:18] {@Threei}  no news that I see for this market retreat
[15:19] {RonS} "Reigning Boredom Causes Market Selloff"
01[15:20] {@Threei}  pretty good
[15:21] {dino} indeed
[15:22] {RonS} what upsets me is that the vxx made its move early and i see no play there...
[15:22] {dino} 30 or 60 day calls
[15:23] {RonS} ?
[15:23] {dino} just saying, if you think it goes up buy calls
[15:24] {RonS} was talking day trade...
[15:24] {dino} opps
[15:26] {RonS} $54 million bet:
[15:31] {RonS} pulling the plug here... good weekend to all... it is 70 and sunny out there...   :)
[15:31] {dino} cya ron
01[15:33] {@Threei} Long Setup:  VXX  .60 break
01[15:34] {@Threei}  If holds  .50
[15:36] {dino} out prta puts from this morning, +1.20 / 36%
[15:39] {dino} with that trade, caling it a week, gn all
01[15:40] {@Threei}  me too
01[15:40] {@Threei}  have a great weekend
01[15:40] {@Threei}  see you Monday