Wednesday, May 20, 2015

May 20 2015

Somewhat shaky day with more rinses than I'd like but still on a positive side thanks to a few large wins

Session Time: Wed May 20 00:00:00 2015
[08:59] {dino} gm
01[09:00] {@Threei}  dino, welcome back
[09:00] {dino} ty
[09:01] {drewj} Hey guys...hi dino
[09:02] {dino} gm drew
01[09:03] {@Threei}  drew :)
[09:18] {chasj} Good Morning
01[09:18] {@Threei}  chas :)
01[09:19] {@Threei}  - Greece Parliamentary Speaker: Greece will not pay June IMF repayment if no deal with international lenders is reached by then
01[09:20] {@Threei}  - Iran said to rule out opening up military sites to nuclear inspectors
[09:21] {drewj} of course
[09:21] {chasj} And we keep playing into their hands
[09:22] {drewj} until it's too late
01[09:23] {@Threei}  because in just a year and a half it will be someone eles's problem
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -SRPT +46% (announced plans to submit NDA for Eteplirsen following pre-NDA meeting with FDA)
01[09:28] {@Threei}  -PBMD +32% (positive data from Phase 2 ovarian cancer clinical trial)
01[09:28] {@Threei}  -ISR +29% (Cesium-131 Lung Cancer Treatment Reports 96% Success in Local Control and 100% Survival at 5 Years in High Risk Patients)
01[09:28] {@Threei}  -AVEO +19% (presented final results of extension study 902 and FDA regulatory feedback for advancing Tivozanib)
01[09:28] {@Threei}  -PBY +15% (said to have received takeover proposals from PE firm Golden Gate Capital)
01[09:28] {@Threei}  -DL +15% (earnings)
01[09:28] {@Threei}  -AEO +8% (earnings)
01[09:28] {@Threei}  -EQIX +6.2% (received favorable REIT private label ruling letter from IRS)
01[09:28] {@Threei}  -APO +4.8% (positive broker commentary)
01[09:28] {@Threei}  -TWC +3.3% (Altice CEO comments on potential takeover offer)
01[09:28] {@Threei}  -UBS +3.3% (DoJ announcing settlement with banks for FX spot manipulation)
01[09:28] {@Threei}  -YHOO +2.8% (positive broker commentary offsets concern that Alibaba stake spin-off at risk due to potential increased IRS regulations of spin-offs)
01[09:28] {@Threei}  -SYT +2.5% (renewed chatter/hopes MON could still want to make a deal)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -ETSY -19% (earnings)
01[09:29] {@Threei}  -ACHN -9.3% (negative broker commentary following JNJ deal announcement)
01[09:29] {@Threei}  -KEYS -6.6% (earnings)
01[09:29] {@Threei}  -LOW -5.6% (earnings)
01[09:29] {@Threei}  -LOCO -5.4% (secondary offering chatter)
01[09:29] {@Threei}  -XEC -4.8% (secondary offering of 6.M shares)
01[09:29] {@Threei}  -NCLH -4% (Norwegian Dawn ran aground in Bermuda)
01[09:30] {@Threei} Short Setup: FB  .40 break
01[09:31] {@Threei}  If holds  .50
01[09:32] {@Threei}  stop to .46
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  to .41
01[09:32] {@Threei}  1:2
01[09:33] {@Threei} Long Setup:  FCX  .30 break
01[09:34] {@Threei}  1:3
01[09:34] {@Threei}  1:4
[09:34] {nemo} Fed minutes today,
01[09:35] {@Threei}  out in full
01[09:35] {@Threei}  FCX, if holds .25
01[09:36] {@Threei}  meh
01[09:38] {@Threei} Long Setup:  IWM  .65 break
01[09:39] {@Threei}  change to .60
01[09:39] {@Threei}  If holds  .50
01[09:41] {@Threei}  no go
[09:42] {drewj} fb
[09:42] {dino} keys sm l .65
01[09:46] {@Threei} Long Setup:  IWM  .50 break
01[09:46] {@Threei}  If holds  .40
01[09:48] {@Threei}  ugh
[09:50] {nemo} rinse
01[09:51] {@Threei}  yeah
[09:56] {nemo} looks like they split fas
01[09:56] {@Threei} Long Setup:  FB  .60 break
01[09:57] {@Threei}  If holds  .50
01[10:02] {@Threei}  1:1
01[10:02] {@Threei}  finally
[10:08] {dino} momo spike
[10:10] {dino} keys stop .42 -.23
[10:11] {dino} break .50 re-loading
01[10:11] {@Threei}  1:2
[10:15] {dino} gj
01[10:15] {@Threei}  ty
01[10:15] {@Threei}  difficult reversal today
[10:16] {jfjf64} Hi all
[10:16] {drewj} hey jf
01[10:17] {@Threei}  jf :)
[10:18] {jfjf64} All bounce here
01[10:18] {@Threei}  1:3  FB  close enough
01[10:18] {@Threei}  out
01[10:21] {@Threei} Long Setup:  MCD  .80 break
01[10:21] {@Threei}  If holds  .70
[10:21] {dino} keys stopped -.11
01[10:22] {@Threei}  Invalidated
01[10:35] {@Threei} Long Setup:  DAL  44 break
01[10:35] {@Threei}  If holds  .90
01[10:38] {@Threei}  no go
01[10:46] {@Threei} Short Setup: TWTR  .10 break
01[10:46] {@Threei}  If holds  .20
[10:47] {dino} momo sm s .15
[10:52] {nemo} Fed Minutes Day
[11:00] {dino} momo stop .30 -.15
[11:01] {dino} i'm a bit off today
01[11:02] {@Threei}  so am I
[11:03] {jfjf64} Me too
[11:03] {jfjf64} Weird
[11:03] {nemo} Fed Minutes Day...nothing is as it seems
[11:03] {nemo} sheesh haven't even done 20 million spy
01[11:05] {@Threei}  die TWTR
01[11:05] {@Threei}  lose 37 and crash
[11:08] {drewj} short lvs?
[11:09] {dino} momo rinsed
01[11:09] {@Threei}  .60 break LVS...
[11:09] {nemo} guys you're heading into the FED dead zone
01[11:16] {@Threei}  TWTR, critical junction
01[11:16] {@Threei}  should cut through 37
01[11:16] {@Threei}  1:1
01[11:16] {@Threei}  like stone through hot butter
01[11:16] {@Threei}  correct idiom, I think
[11:17] {nemo} hot knife through butter
01[11:17] {@Threei}  sigh
[11:17] {nemo} sheesh
[11:17] {drewj} LOL
06[11:17] * @Threei withdraws his sense of humor
01[11:18] {@Threei}  I had one more comparison for this fdrop, involving drunk sailors and prom dress, but now you will never hear it
[11:22] {dino} you mean drops like a prom dress
01[11:24] {@Threei}  well... I like mixed metaphors
01[11:24] {@Threei}  so, sailor got added in, just like a stone to hot butter
01[11:25] {@Threei}  but my metaphors are too advanced for some it seems {G}
[11:25] {nemo} it's that extra-terrestrial sense of humor of yours
01[11:26] {@Threei}  yes... why?
01[11:26] {@Threei}  I am a trader and photigrapher by day, alien hunter by night
[11:26] {nemo} it doesn't always resonate with us native speakers
01[11:26] {@Threei}  you mean with you earthlings
06[11:38] * @Threei hits TWTR over the head with sailor's prom dress
[11:39] {dino} yuk
06[11:40] * nemo thinks vad needs his meds adjusted
01[11:40] {@Threei}  you mean that box of mushroom you mailed me last week wass not a proper medication?
[11:41] {nemo} that was for after work
01[11:42] {@Threei}  then I am confused... "work"?
01[11:42] {@Threei}  what is this "work" you speak of?
[11:44] {dino} abmd drop
01[11:45] {@Threei}  Trading is choppy and volumes are lower again today in US markets. The 10-year UST yield is coming in a few basis points as European bonds sell off on a fresh round of Greece jitters. Traders are awaiting the FOMC minutes, out later this afternoon.
01[11:46] {@Threei}  Six global banks - Bank of America, Citicorp, JPMorgan, Barclays, UBS and Royal Bank of Scotland - agreed to pay $5.8 billion and five of them agreed to plead guilty to charges tied to a FX market rigging investigation. UBS was granted immunity for its cooperation in the investigation.
[11:55] {dino} save sm l .50
01[11:58] {@Threei} Long Setup:  FB  .10 break
01[11:58] {@Threei}  If holds  80
01[12:03] {@Threei}  1:1
[12:04] {dino} out save .90, +.40
[12:04] {dino} well, back in the black
01[12:05] {@Threei}  :)
[12:05] {dino} going to take a lunch hour
01[12:18] {@Threei}  wow
01[12:18] {@Threei}  TWTR
01[12:19] {@Threei}  Exec speaks on JPM tech conference
01[12:19] {@Threei}  must have fainted on the stage to cause this
[12:21] {jfjf64} Lol
[12:22] {jfjf64} Or maybe fly opened and little birdie said.  tweet tweet tweet
01[12:23] {@Threei}  sheeesh
01[12:23] {@Threei}  lol
[12:24] {jfjf64} Never now with this
01[12:25] {@Threei}  [TWTR] Exec: Reiterates company has limited visibility on MAU growth - JP Morgan tech conf comments
[12:30] {jfjf64} S lvs.05
[12:52] {nemo} dude, wait for the Fed
[12:52] {nemo} stop trading
[12:54] {nemo} look at lvs on the daily dude
01[12:55] {@Threei}  be back in 30
[13:12] {dino} what time fed? 2?
01[13:25] {@Threei}  yes
01[13:59] {@Threei}  (US) FED MINUTES FROM APRIL 28-29 FOMC MEETING: FEW OFFICIALS THOUGHT DATA MAY JUSTIFY DATA AT JUNE MEETING, DID NOT RULE OUT JUNE INCREASE
01[14:00] {@Threei} Short Setup: TWTR  .80 break
01[14:02] {@Threei}  Invalidated
01[14:03] {@Threei} Short Setup: FB  .40 break
01[14:03] {@Threei}  If holds  .50
01[14:05] {@Threei}  1:1
01[14:26] {@Threei} Long Setup:  WMT  .25 break
01[14:26] {@Threei}  If holds  .15
01[14:34] {@Threei}  Invalidated
[14:42] {dino} back in 30
[14:42] {nemo} why bother
01[14:43] {@Threei} Long Setup:  WMT  .05 break
01[14:59] {@Threei}  stop .99
01[15:02] {@Threei}  meh
01[15:09] {@Threei} Long Setup:  FB  .75 break
01[15:09] {@Threei}  If holds  .65
01[15:14] {@Threei}  no go
01[15:18] {@Threei}  no news for sudden SPY selloff
01[15:22] {@Threei} Long Setup:  MCD  100 break
01[15:23] {@Threei}  If holds  .90
[15:26] {dino} tcon drop
[15:29] {dino} i just read that nemo, i think you say that everytime i have to leave around 3
[15:41] {dino} rely spike
01[15:42] {@Threei}  [SRPT] SRPT Streetsweeper making cautious comments
[15:42] {dino} gbx spike
01[15:44] {@Threei}  half out
01[15:44] {@Threei}  stop to .99
[15:46] {dino} gbx sm s .00
01[15:49] {@Threei}  to .04
[15:50] {dino} cov gbx .77, +.23
01[15:52] {@Threei}  wtg
01[15:52] {@Threei}  ok guys, closing on this
01[15:52] {@Threei}  thank you, have a good evening
01[15:52] {@Threei}  see you tomorrow
[15:52] {dino} ty,and gn also
[15:52] {drewj} C-Ya