Tuesday, March 24, 2015

Mar 24 2015

Rare trade, as early setups often aren't that reliable. This one begged to be taken though. Kangaroo tail reversal, right from the 111 Trades pages 


Very nice day with couple stops and whole lot of nicely profitable trades.

Session Time: Tue Mar 24 00:00:00 2015
[08:51] {dino} gm 3i
01[08:51] {@Threei}  dino :)
[08:53] {dino} 13 degrees 3i, even the dog quit our walk early
01[08:53] {@Threei}  lol
01[08:53] {@Threei}  reminds me: it was so cold, thermometer knocked on the window and asked to let it in
[08:54] {dino} lol
[08:58] {dino} the schools just pushed back spring track, baseball ect. by ten days here, too much snow
01[08:58] {@Threei}  but global warming is blooming
[09:04] {RonS} gm...ms cfo to googl...guess she had enough of the eastern winters...
[09:04] {cosmo} We'll be needing more sports domes
01[09:04] {@Threei}  ron :)
[09:06] {RonS} thinking george wants a job as a stock analyst:  George Soros Warns Greece "Is Going Down The Drain"
01[09:07] {@Threei}  well, this century or next?
[09:07] {RonS} or last... lol
01[09:07] {@Threei}  'cause at this pace it's going to make headline for the next N decades
01[09:18] {@Threei}  Upside:
01[09:18] {@Threei}  -DGLY +20% (earnings; announced $25M mixed shelf)
01[09:18] {@Threei}  -CHRS +17% (earnings; filed $100M secondary offering)
01[09:18] {@Threei}  -ARAY +7% (Christie Innomed signed exclusive sales agent agreement for radiation therapy systems in Canada)
01[09:18] {@Threei}  -RADA +6% (selected by LTM for Laser Weapon Research Projects)
01[09:18] {@Threei}  -LINE +5.2% (enters LOI with Quantum Energy for a $1B energy commitment to acquire & develop oil & natgas assets)
01[09:18] {@Threei}  -NSM +5% (purchasing additional portfolio of mortgage servicing rights from OCN)
01[09:18] {@Threei}  -CHK +3.2% (updated 2015 operating plan; Icahn disclosed a 10.98% stake as of Dec)
01[09:18] {@Threei}  -MKC +3.2% (earnings)
01[09:18] {@Threei}  -ARIA +3% (announced approval of Inclusig in Israel with Medison Pharma)
01[09:18] {@Threei}  Downside:
01[09:18] {@Threei}  -SONS -33% (cut Q1 guidance)
01[09:18] {@Threei}  -WLL -21% (offering 35M shares & private offering of $1B in convertible senior notes; negative broker commentary)
01[09:18] {@Threei}  -JRJC -20% (earnings)
01[09:18] {@Threei}  -OCN -5.4% (selling additional $25B portfolio of mortgage servicing rights to Nationstar)
01[09:18] {@Threei}  -GLP -5% (prices 1.96M unit offering for $36.10/shr)
01[09:18] {@Threei}  -LQ -4% (announced secondary of 17.5M shares for Blackstone affiliates)
01[09:18] {@Threei}  -FCX -2.5% (cuts dividend 84%)
01[09:30] {@Threei} Short Setup: FCX  .20 break
01[09:30] {@Threei}  If holds  .30
01[09:31] {@Threei}  not yet
[09:31] {RonS} pulp
01[09:31] {@Threei} Short Setup: FCX  .30 break
01[09:31] {@Threei}  valid still
01[09:32] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:34] {@Threei}  1:3
01[09:35] {@Threei}  1:4
01[09:35] {@Threei}  out
[09:35] {RonS} good one
01[09:36] {@Threei}  ty
01[09:36] {@Threei}  FCX is rarely this active
01[09:37] {@Threei}  but to cut dividends like this and fully recover? there must be a short in that
[09:37] {dino} thats a hell of div cut, does not speak well looking forward
[09:37] {dino} would think 17s get tested
[09:38] {dino} maybe not today, but...
01[09:39] {@Threei} Long Setup:  VXX  .35 break
01[09:39] {@Threei}  If holds  .25
01[09:46] {@Threei}  stop .29
01[09:46] {@Threei}  1 cent from 1:1
01[09:49] {@Threei}  meh
01[09:54] {@Threei} Long Setup:  MCD  99 reak
01[09:55] {@Threei}  If holds  .90
01[09:59] {@Threei}  GOGO Ticking higher on announcement company to be featured on CNBC's Mad Money
01[09:59] {@Threei}  *(US) MAR RICHMOND FED MANUFACTURING INDEX: -8 V 3E
01[09:59] {@Threei}  1:1
01[09:59] {@Threei}  1:2
01[10:00] {@Threei}  *(US) FEB NEW HOME SALES: 539K V 464KE
01[10:01] {@Threei}  1:3
[10:03] {RonS} ye olde flippin da burgers...good one
01[10:03] {@Threei}  :)
01[10:04] {@Threei}  1:4 close enough
01[10:04] {@Threei}  out
[10:07] {dino} -gj
01[10:07] {@Threei}  too soon
[10:13] {dino} ovas spike
[10:19] {RonS} chickens shot but can't find any news safm others
01[10:20] {@Threei}  nothing fresh... 3/18 last headline
[10:21] {dino} ppc off on it
[10:46] {dino} qrvo hl s .66 ave
[10:47] {dino} makes me think of tequila
01[10:47] {@Threei}  lol
01[10:54] {@Threei} Long Setup:  FCX  .05 break
01[10:54] {@Threei}  If holds  .95
[10:59] {dino} stop qrvo .74 -.08, not working
[11:01] {RonS} gonna take another shot?... pun intended...
[11:02] {dino} lol
[11:03] {RonS} prta good spanking on your puts, eh?
[11:04] {dino} prta running again, odd for ph 1
[11:05] {dino} sjw drop
[11:06] {RonS} sjw...they got none...
01[11:08] {@Threei}  1:1
[11:09] {dino} wday calls working
[11:13] {dino} ll hl l .05
[11:16] {dino} stop to .99
[11:17] {dino} out ll .35, +.30
[11:18] {dino} too soon
[11:19] {dino} adding ll calls aug
01[11:22] {@Threei}  1:2
[11:23] {RonS} nice
01[11:23] {@Threei}  ty
[11:30] {dino} ty
[11:36] {RonS} ceco l 5.03
[11:37] {dino} safm hl l .96
[11:38] {dino} i'll join you ron
[11:38] {RonS} cfo left for a more exciting industry...
[11:38] {dino} what could be more exciting than college girls?
[11:38] {RonS} lol
[11:39] {RonS} online porn...all of the looks and none of the bullshit...
[11:40] {RonS} :)
[11:47] {RonS} ceco to 5.00
[12:09] {dino} slow movers today
[12:11] {dino} bnft drop
[12:12] {dino} hl l .52
[12:16] {dino} sbny drop
01[12:22] {@Threei}  this is highly confusing sentence:
01[12:22] {@Threei}  WTI crude prices were soft during the Asian session on the weak Chinese PMI data but then rose from $47 as high as $48.50 before softening again.
[12:22] {dino} out safm ave .28, +.32
01[12:22] {@Threei}  and after softening again? they softed more, or hardened?
[12:36] {dino} out ceco .12, +.07
[12:36] {dino} stopping bnft
[12:37] {dino} taking a break
01[12:38] {@Threei}  Sweden reports Russian bombers, fighters over Baltic Sea
01[12:49] {@Threei} Long Setup:  FCX  .10 break
01[12:49] {@Threei}  If holds  19
01[13:13] {@Threei}  total yawn
[13:20] {RonS} need to re-boot...
01[13:38] {@Threei} Long Setup:  VXX  25 break
01[13:38] {@Threei}  .05 is more confident entry but ranges are so tight, difficult to count on enough room for profit
01[14:06] {@Threei}  [YELP] Planning partner apps allowing users to order various services from flower delivery to legal advice - Forbes (update) - Yelp partnering with BloomNation (flowers), GolfNow (tee times), LegalZoom (legal advice), TableList (nightlife bookings), Vagaro (spa appointments), and Vimbly (booking activities).
[14:09] {RonS} shouldn't Vimbly be named Danno?
01[14:09] {@Threei}  hmmm... I need a decoder ring :)
[14:10] {RonS} Hawaii five o... book 'em Danno...
01[14:11] {@Threei}  never watched that
01[14:11] {@Threei}  my life is not worth living?
01[14:12] {@Threei}  I went thgough all Games of Thrones though
01[14:12] {@Threei}  my debt to societay is paid
[14:13] {RonS} recently watched the first one...really diappointing imo
01[14:14] {@Threei}  it gets better later on...
01[14:14] {@Threei}  but yeah
01[14:18] {@Threei} Short Setup: JPM  .75 break
01[14:18] {@Threei}  If holds  .85
[14:19] {dino} added vxx calls
[14:20] {dino} i liked that orange is the new black
[14:20] {dino} currently in season 2 house of cards
01[14:21] {@Threei}  ahhh... 3rd is very disappointing
01[14:21] {@Threei}  it's like writers haven't even watched frist two
[14:23] {RonS} FNJN in deal with Alibaba  BABA  for Cybersecurity , FNJN just tweeted it
01[14:24] {@Threei}  running
[14:30] {RonS} from the web:  if a man does something in the woods, and a woman is not there, is it still wrong?
01[14:30] {@Threei}  lol
[14:35] {RonS} neighbor guy in his own front yard was cutting down two small ash trees so his young red maple could get more sunlight and grow faster...woman walks by and says: are you cutting down live trees?...says yes and tells reason...her response "i feel sorry for you"...
01[14:36] {@Threei}  why?
[14:36] {dino} does she live in a mud hut?
[14:36] {RonS} who knows...
01[14:36] {@Threei}  with tinfoil roof
[14:37] {cosmo} Ash trees are spiritual
[14:37] {cosmo} to some...
[14:38] {RonS} probably to the ash borer...
[14:38] {cosmo} to Celtics
[14:38] {dino} two woodpeckers drinking in a bar. one asys to the other, "hey, let's go get us a nice piece of ash"
[14:39] {RonS} 30% of the trees on the Front Range are ash (3 million)...the borer is going to kill them all...
[14:39] {RonS} lol dino
[14:39] {cosmo} yeah...woodpeckers understand...
[14:39] {dino} same here ron, pa is expected to lose most ash trees from that
01[14:40] {@Threei}  then borer dies of starvation, and ash trees retake the territory... circle of life
[14:41] {dino} are your sure it doesn't die of boredom?
01[14:41] {@Threei}  could be
[14:41] {RonS} not here, they were imported anyway...people will replace them with something else...
[14:41] {RonS} oof, dino on a roll...
[14:42] {cosmo} replace them with solar panels
[14:42] {cosmo} I did
[14:43] {dino} what will they make the louisville sluggers out of when they are all gone?
[14:43] {cosmo} aluminum
[14:44] {RonS} the Finns just bought it...they have wood...
[14:45] {dino} speaking of the sluggers, i took my son to yankees game few years ago. it was bat day. they gave out 15,000 giambi, 28" ash loiusville sluggers to kids under 15 that day. on my 3rd beer, i look around the stadium and think, wow this could get ugly real fast.
[14:46] {RonS} lol
[14:46] {RonS} a classic
[14:46] {dino} one idiot and you'd have a bat fueled riot
[14:47] {cosmo} that depends on the town
[14:47] {dino} well, it was ny
[14:47] {cosmo} my town too laid back
[14:48] {cosmo} oh...ny....yea, makes sense
[14:48] {cosmo} 28" night sticks
[14:50] {dino} bank of america donated them. when i bought the tickets, i figured it would be those little 12" toy bats
[14:51] {cosmo} BoA means business
[14:52] {dino} like arming the inmates
[14:54] {RonS} abmd profit taking...
01[14:57] {@Threei}  1:1
01[14:57] {@Threei}  1:1
01[14:57] {@Threei}  oops
01[14:57] {@Threei}  didn't post in timw, so posted twice, lol
01[15:02] {@Threei}  FNJN Update: H.C. Wainright reiterates Buy rating, price target $5
01[15:21] {@Threei}  wow
01[15:24] {@Threei}  ugh
01[15:24] {@Threei}  just started contemplating VXX, and the thing has jumped
01[15:28] {@Threei} Long Setup:  VXX  .15 break
01[15:29] {@Threei}  If holds  .05
01[15:34] {@Threei}  nah
01[15:34] {@Threei}  whatever
01[15:34] {@Threei}  finishing on that good day as it is
01[15:34] {@Threei}  thank you all, have a good evening
01[15:34] {@Threei}  see you tomorrow