Tuesday, April 14, 2015

Apr 14 2015

Nice morning, empty afternoon with rinses all around, and about breakeven day overall

Session Time: Tue Apr 14 00:00:00 2015
[09:08] {dino} gm
01[09:08] {@Threei}  dino :)
[09:10] {drewj} Gm
01[09:10] {@Threei}  drew :)
01[09:14] {@Threei}  IMF updates its World Economic Outlook (WEO) 2015 Growth Outlook- Maintains 2015 global growth forecast at 3.5% - Raises Euro Area (Eurozone) 2015 GDP from 1.2% to 1.5%- Cuts US 2015 GDP from 3.6% to 3.1%
01[09:15] {@Threei}  IMF competes with UN for the title of the most useless?
[09:19] {jfjf64} Mornin
01[09:20] {@Threei}  jf :)
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  -DOVR +73% (being acquired by Webster capital at $8.50/shr)
01[09:24] {@Threei}  -ALU +8% (confirmed advanced talks with ALU for potential full combination)
01[09:24] {@Threei}  -GWPH +7% (positive broker commentary - price target increase)
01[09:24] {@Threei}  -BLDR +7% (positive broker commentary)
01[09:24] {@Threei}  -OCN +3.8% (update on regulatory compliance/eps)
01[09:24] {@Threei}  -FAST +3.7% (earnings)
01[09:24] {@Threei}  -Z +3% (halted before guiding initial FY15 EBITDA $80-85M)
01[09:24] {@Threei}  -GALE +3% (completes over-enrollment of NeuVax Phase 3 PRESENT trial)
01[09:24] {@Threei}  -GRPN +2.7% (PE consortium including KKR said to plan acquisition of Ticker Monster - GRPN would divest its stake in Ticket Monster)
01[09:24] {@Threei}  -ALTR +1.4% (positive broker commentary)
01[09:24] {@Threei}  Downside:
01[09:24] {@Threei}  -PBY -6.4% (earnings)
01[09:24] {@Threei}  -NSC -6% (earnings)
01[09:24] {@Threei}  -AAOI -4% (earnings)
01[09:24] {@Threei}  -NOK -3% (confirmed advanced talks with ALU for potential full combination)
01[09:24] {@Threei}  -JCP -2% (guides Q1 SSS)
01[09:24] {@Threei}  -WFC -1% (earnings)
01[09:24] {@Threei}  -LVS -2% (hearing neg broker commentary on Macau MGM CWN.AU)
[09:31] {dino} dwti smr l .60
01[09:32] {@Threei} Long Setup:  FB  .40 break
01[09:32] {@Threei}  If holds  .30
01[09:32] {@Threei}  hectic
[09:32] {jfjf64} Very
01[09:32] {@Threei}  jumps instead of moving
01[09:33] {@Threei} Long Setup:  MCD  .20 break
01[09:33] {@Threei}  If holds  .10
[09:33] {dino} out dwti .6899
01[09:33] {@Threei}  FB valid again
[09:33] {dino} +1.0899
01[09:34] {@Threei}  1:1
[09:34] {dino} tough crowd
01[09:34] {@Threei}  this time is manageble
01[09:34] {@Threei}  nice one dino
[09:34] {dino} ty
01[09:35] {@Threei}  1:2  FB
01[09:36] {@Threei}  MCD to .14
01[09:36] {@Threei}  touched 1:1
[09:37] {dino} gj
01[09:37] {@Threei}  ty
01[09:40] {@Threei}  half out MCD
01[09:40] {@Threei}  takes way too long
01[09:41] {@Threei}  stop is still .14 for the balance
01[09:41] {@Threei}  1:1
01[09:41] {@Threei}  stop to .19 now
01[09:42] {@Threei}  TWTR getting hammered
01[09:44] {@Threei} Long Setup:  TWTR  .90 break hl
01[09:44] {@Threei}  If holds  .80
01[09:45] {@Threei}  1:1
01[09:50] {@Threei} Long Setup:  DAL  .85 break
01[09:50] {@Threei}  If holds  .75
01[09:52] {@Threei}  1:2  MCD
01[09:52] {@Threei}  amazingly slow one today
01[09:52] {@Threei}  must be those burgers weighing it down
[09:54] {dino} caci drop
[09:55] {dino} too thin
[09:55] {dino} z drop
01[09:58] {@Threei}  no go DAL
01[10:00] {@Threei}  *(US) FEB BUSINESS INVENTORIES: 0.3% V 0.2%E
01[10:02] {@Threei}  closed MCD balance on a trail
[10:05] {dino}  smr l z 88.5-
[10:05] {dino} out 89.24, +.74
01[10:06] {@Threei} Long Setup:  MCD  .10 break
[10:06] {jfjf64} Nice
01[10:06] {@Threei}  If holds  97
01[10:06] {@Threei}  nice one dino
01[10:07] {@Threei} Long Setup:  FCX  .45 break
[10:07] {dino} ty, lucky
01[10:07] {@Threei}  If holds  .35
[10:10] {dino} wow z with that guide down, bounced back well
01[10:11] {@Threei}  1:1  MCD
01[10:12] {@Threei}  FCX stop to .39
[10:15] {jfjf64} Common Big Mac
[10:19] {jfjf64} Love chart
[10:20] {jfjf64} Need spy
01[10:21] {@Threei}  SPY is somewhat weird today
01[10:27] {@Threei}  FCX, let's take half off here
01[10:30] {@Threei}  1:1
[10:30] {dino} wuba spike
01[10:30] {@Threei}  closed MCD on a trail
01[10:33] {@Threei} Long Setup:  LVS  .70 break hl
01[10:33] {@Threei}  If holds  .60
[10:34] {dino} wuba smr s .46
[10:35] {jfjf64} U got balls Dino
[10:35] {jfjf64} Lol
[10:36] {dino} bstop .80 -.34
[10:37] {dino} jf, control thru size
01[10:37] {@Threei}  nah LVS
[10:37] {dino} even if spike a buck, would only be 300 bucks
[10:37] {dino} rinsed
[10:39] {dino} damn, none avail now
[10:40] {dino} chrs spike
01[10:40] {@Threei}  WUBA Reportedly agrees to merge with Ganji.com
01[10:41] {@Threei} Short Setup: DAL  .70 break
01[10:41] {@Threei}  If holds  .80
[10:42] {dino} ty 3i, had put order in on wuba
[10:42] {dino} cx'd
01[10:42] {@Threei}  :)
01[10:47] {@Threei}  FCX continues grind-up
[10:47] {dino} qrvo hl l .03 ave
[10:47] {dino} or is it quervo
[10:48] {dino} hmm, no tequila drinkers here i guess
01[10:49] {@Threei}  I am a scotch guy
[10:50] {drewj} I thought you liked vodka?
01[10:50] {@Threei}  it has its uses
[10:50] {dino} beer, tequila, vodka, and scotch
[10:50] {dino} and i like them all chilled
[10:51] {dino} out qrvo .30, +.27
01[10:56] {@Threei}  1:1  DAL
01[11:00] {@Threei}  1:2
01[11:00] {@Threei}  1/4 more out FCX
[11:03] {dino} shak spike
[11:06] {dino} qrvo hlo l .88
01[11:07] {@Threei}  1:1  FCX
01[11:07] {@Threei}  1:2  FCX
[11:07] {dino} gj
01[11:07] {@Threei}  correction
01[11:07] {@Threei}  ty
01[11:07] {@Threei}  and climbs
[11:07] {dino} better
01[11:08] {@Threei}  slow but generous
[11:12] {dino} out qrvo .30, +.42
[11:15] {jfjf64} Gj
[11:30] {dino} ty
[11:32] {dino} pre spike
[11:33] {jfjf64} Wubaaaa
[11:34] {jfjf64} Turned vol on
01[11:34] {@Threei}  (GR) European Commission Vice Presidet Dombrovskis indicates there is unlikely to be a decision on Greece aid on April 24 and will likely not agree on the aid by the end of the month
01[11:34] {@Threei}  I fully expect Greece to make similar headlines in 2025
[11:36] {dino} pre vsm s .56
01[11:36] {@Threei}  PRE Exor offers to acquire company for $130/shr; valued at $4.6B
[11:36] {dino} 130.56
[11:37] {dino} ty
01[11:40] {@Threei}  The miss in the March US retail sales report is dampening US trading today, while European indices closed with some big losses thanks to fresh Greece worries
01[11:40] {@Threei}  The IMF's world economic outlook report grappled with the implications of the strong dollar. The IMF said the US economy would see "robust" +3.1% growth in 2015 and 2016, down from +3.6% and 3.3%, respectively,
01[11:41] {@Threei}  Officials at the IMF voiced doubts about the viability of Greece's membership of the euro zone given that Athens has repeated its threat to default on its obligations. IMF official Poul Thomsen warned that Greek negotiations were not working. These remarks were out this morning, after the FT reported yesterday that a Greek official stated "We have come to the end of the road?.?.?.?If the Europeans won't release bail-out cash, there is no alternative [to a default]."
[11:41] {jfjf64} Dal lod ?
01[11:41] {@Threei}  .50 break short... maybe
[11:41] {dino} axs drop
01[11:41] {@Threei}  kind of random time
[11:44] {dino} cov pre 129.75, +.81
[11:46] {jfjf64} Nicee
[11:46] {dino} ty, got lucky my entry was above buyout offer
[11:57] {dino} taking a break
[12:07] {jfjf64} Takin break also
[12:07] {jfjf64} Hey vg take a break
[12:07] {jfjf64} Lol
[12:08] {jfjf64} Nice grind Am session
01[12:08] {@Threei}  I would if you hadn't waken me up by suggeting I take a break
[12:08] {jfjf64} Lol
[12:08] {jfjf64} No 1:4 while gone
01[12:08] {@Threei}  that's not unlike a nurse to a patient:
[12:08] {jfjf64} See ya 2 pm
01[12:08] {@Threei}  wake up, it's time to take your sleeping pill!
[12:08] {jfjf64} Funny shit
[12:08] {jfjf64} So true
[12:09] {jfjf64} Cat a machine today
01[12:16] {@Threei} Short Setup: FB  .15 break
01[12:16] {@Threei}  If holds  .25
01[12:31] {@Threei}  no go
01[13:01] {@Threei}  be back in 30
01[13:28] {@Threei}  frikin FB rinsed
01[13:58] {@Threei} Short Setup: FB  .85 break
01[13:59] {@Threei}  If holds  .95
01[14:09] {@Threei}  Invalidated
[14:09] {jfjf64} Anything going on
01[14:09] {@Threei}  not really, sleepy period still
[14:09] {cosmo} hmm... approach/avoidance syndrome, maybe
[14:15] {dino} uuuggghhhhhh!!!!!!!!!!!!!
[14:18] {drewj} You ok dino?
[14:19] {dino} yeah, just had a real estate sale fall apart. i'll survive, but pissed off.
[14:20] {drewj} Sorry man.
01[14:21] {@Threei} Long Setup:  DAL  43 break
01[14:21] {@Threei}  If holds  .95
[14:21] {dino} happens about every fourth sale
[14:22] {drewj} Are you in real estate as well?
01[14:22] {@Threei}  buyer changing his mind, or financing falling through?
[14:22] {dino} buyer chickened out
01[14:23] {@Threei}  you guys have a strange system south of border...
01[14:23] {@Threei}  spoke to a friend recently who sold his house and bought new, so could compare
[14:23] {dino} i'm a speculator drew, i buy foreclosure houses have a crew fix them, then flip them. i've flipped 29 foreclosures in last ten years, of course the sale on my 30th falls through. oh well, theres always another buyer
01[14:24] {@Threei}  byters making an offer do not commit really, can pull out at any time
01[14:24] {@Threei}  buyers
01[14:24] {@Threei}  not so in Canada
[14:24] {dino} obummer must hate me, speculator in real estate, stocks, and options.
01[14:24] {@Threei}  there is a deposit attached to your offer, you do commit
[14:25] {dino} 3i, yes, they generally can leave deal without penalty by making up some bs reason
[14:25] {dino} deposits are very hard to keep
01[14:25] {@Threei}  you pull out, you lose deposit, and it's a sizeable chunk, 5-10K
01[14:25] {@Threei}  so no one makes offers willy-nilly
[14:26] {dino} used to be that way. but if financing is involved, buyers can walk away pretty easily
[14:26] {jfjf64} You in dal vg
01[14:26] {@Threei}  no
01[14:27] {@Threei}  lost .95 before breaking
01[14:27] {@Threei}  watching for reestavlishment
01[14:27] {@Threei}  if holdsa now, will be valid on next break
[14:28] {jfjf64} K
01[14:29] {@Threei}  financing falling through is valid reason here too, but in most cases RE agents require mortgage pre-approval
01[14:30] {@Threei}  so most issues are taken care of in advance
[14:30] {dino} here all guy has to do is say something to their bank, and the bank gives a bs reason not to approve the loan, then deal falls apart
01[14:31] {@Threei}  Invalidated
01[14:31] {@Threei}  yeah, not much commitment... can be tough on seller
[14:31] {dino} you see vad, in america, nobody is responsible for their actions anymore
[14:31] {drewj} dino do you hire the crew or are they full tim with you?
01[14:31] {@Threei}  I know
[14:33] {dino} i hire a small crew, they've been working for me for years. its better for me to pay them than to lose time trading or finding another fix/flip
[14:33] {dino} most i do is lawnmowing and sometimes painting
[14:34] {dino} drewj, if you are interested in learning go to biggerpockets.com. free site with great info
01[14:35] {@Threei} Short Setup: FB  83 break
01[14:36] {@Threei}  If holds  .10
[14:47] {drewj} I will check it out dino.  Thanks,
[14:47] {drewj} I have some freinds that so that.
[14:47] {drewj} do
[14:57] {dino} np, gl
01[14:57] {@Threei}  no gi
01[14:57] {@Threei}  o
01[15:01] {@Threei} Long Setup:  IWM  .75 break
01[15:01] {@Threei}  If holds  .65
01[15:02] {@Threei}  change to .70
01[15:29] {@Threei}  not liking second half of the day
01[15:31] {@Threei}  what the deuce
[15:31] {drewj} Got to go guys.  Have a great day.
[15:31] {dino} same. good morning, nothing in afternoon yet
01[15:31] {@Threei}  take care drew
[15:32] {dino} cya drew
01[15:32] {@Threei} Long Setup:  TWTR  .30 break
01[15:33] {@Threei}  If holds  .20
01[15:33] {@Threei}  last try for today
[15:34] {jfjf64} Try
[15:34] {jfjf64} ??
[15:35] {jfjf64} Wash ya mouth out with STOLI ASAP!!!!!!!!!!
[15:35] {dino} hard to keep this market down
[15:36] {dino} can't believe z back to flat after a 40% reduction in estimates
[15:37] {jfjf64} Outa here goodnight boys
[15:37] {dino} gn jf
[15:37] {dino} pnk spike
01[15:37] {@Threei}  take care jf
[15:38] {dino} sm s .50
[15:39] {dino} cov pnk .80, +.70
01[15:39] {@Threei}  wtg
01[15:39] {@Threei}  Invalidated
[15:39] {dino} ty
[15:39] {dino} lately after 3:30 i'm getting a nice spike to short
01[15:39] {@Threei}  ok, empty last hour
01[15:39] {@Threei}  finishing on this
01[15:39] {@Threei}  see you tomorrow!
[15:42] {dino} gn vad