Thursday, May 21, 2015

May 21 2015

About flat day, a few too many rinses which offset our profitable trades.

Session Time: Thu May 21 00:00:00 2015
[09:06] {dino} gm 3i
01[09:06] {@Threei}  dino :)
01[09:23] {@Threei}  Accidentally discovered near Kenya's Lake Turkana, 3.3 million-year-old artifacts reveal that our ancestors were shaping rocks into tools seven hundred thousands of years earlier than thought.
[09:26] {nemo} DG
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -CTP +36% (agreed to exclusive acquisition talks with DHR International BELOW prior $7/shr offer)
01[09:27] {@Threei}  -AMPE +28% (positive data in Optina study for treating Diabetic Macular Edema)
01[09:27] {@Threei}  -CALA +20% (initial Phase 1 data for CB-839 in acute leukemia)
01[09:27] {@Threei}  -PRAN +18% (strength attributed to announcement related to the publication of minutes from the EMA regarding the previously announced Orphan drug designation for PBT2)
01[09:27] {@Threei}  -BLUE +12% (LentiGlobin data & Feuerstein comments)
01[09:27] {@Threei}  -MNGA +11% (no news seen)
01[09:27] {@Threei}  -BBY +8% (earnings & guidance)
01[09:27] {@Threei}  -TSL +7% (earnings)
01[09:27] {@Threei}  -CYTR +16% (data)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -WAVX -26% (announced public offering of common stock & warrants for indeterminate amount)
01[09:27] {@Threei}  -LL -19% (resignation of CEO Lynch, Founder Sullivan acting as interim CEO)
01[09:27] {@Threei}  -XNET -15% (earnings)
01[09:27] {@Threei}  -NTAP -12% (earnings)
01[09:27] {@Threei}  -RXII -12% (offering 22.5M units in secondary offering)
01[09:27] {@Threei}  -RXN -12% (earnings)
01[09:27] {@Threei}  -BRKR -10% (announced resignation of CFO & appointment of interim CFO)
01[09:27] {@Threei}  -DLTR -4.4% (earnings)
01[09:32] {@Threei} Long Setup:  IWM  .80 break
01[09:32] {@Threei}  If holds  .70
01[09:33] {@Threei}  fast...
01[09:33] {@Threei}  1:1
01[09:34] {@Threei} Long Setup:  FB  .20 break
01[09:34] {@Threei}  If holds  .10
01[09:36] {@Threei}  no go
01[09:39] {@Threei} Long Setup:  FCX  .05 break
01[09:39] {@Threei}  If holds  21
01[09:39] {@Threei}  FB rinse
01[09:41] {@Threei}  Invalidated
[09:41] {dino} brkr sm l trigger .25
[09:43] {dino} cx brkr
01[09:43] {@Threei} Long Setup:  TWTR  .55 break
01[09:43] {@Threei}  If holds  .50
01[09:45] {@Threei}  *(US) MAY PRELIMINARY MARKIT MANUFACTURING PMI: 53.8 V 54.5E
01[09:46] {@Threei}  meh
[09:50] {dino} ll sm l .35
[09:50] {dino} brkr sm l .01
01[09:51] {@Threei} Long Setup:  FB  .15 break
01[09:51] {@Threei}  If holds  .05
01[09:55] {@Threei}  1:1
[09:58] {jfjf64} Yoku hod
01[10:00] {@Threei}  *(US) APR EXISTING HOME SALES: 5.04M V 5.23ME
01[10:00] {@Threei}  10:00 *(EU) EURO ZONE MAY ADVANCE CONSUMER CONFIDENCE: -5.5 V -4.8E
01[10:00] {@Threei}  *(US) APR LEADING INDEX: 0.7% V 0.3%E
01[10:01] {@Threei} Short Setup: CAT  89 break
01[10:01] {@Threei}  If holds  .10
[10:02] {dino} out ll .75, +.40
01[10:03] {@Threei}  Invalidated
01[10:05] {@Threei} Long Setup:  CAT  .20 break
01[10:05] {@Threei}  If holds  .10
01[10:06] {@Threei}  1:1
[10:06] {dino} 07 green
[10:14] {dino} aap spike
[10:15] {dino} whoa
01[10:15] {@Threei} Long Setup:  FB  .25 break
01[10:15] {@Threei}  change to .20
01[10:15] {@Threei}  If holds  .10
[10:16] {dino} out brkr .46, +.45
01[10:16] {@Threei}  wtg
[10:18] {dino} ty
[10:22] {nemo} lotsa' volume at .50 on BRKR
[10:23] {dino} yeah, see that, break may shoot it up
[10:23] {nemo} VWAP probably good floor
[10:24] {dino} wuba drop
01[10:24] {@Threei}  1:1
[10:24] {dino} gj
[10:25] {jfjf64} Adbe
[10:26] {dino} took .50
[10:26] {dino} brkr
[10:26] {nemo} seller came right back
[10:27] {dino} thick sucker
[10:27] {dino} or "fatty"
[10:29] {dino} dltr spike
01[10:30] {@Threei}  (GR) Germany Chancellor Merkel and France President Hollande to meet later today with Greece PM Tsipras on sidelines of Riga summit
[10:30] {dino} wtf dltr, all misses
[10:30] {jfjf64} Wanted that break missed
01[10:31] {@Threei}  Tsipras: I'll bring retzina
[10:31] {jfjf64} Esrx
01[10:31] {@Threei}  Hollande: oppa!
[10:31] {dino} ffffffffuuuuuuuuuuuuuuu#kkkkkkkkkkkkkkkkkkk missed dltr
[10:31] {nemo} dino swears...wow
[10:32] {dino} too much, plus pounds fist on desk
01[10:32] {@Threei}  FB 1:3
[10:32] {nemo} both dltr and dg started down, both strong
[10:33] {dino} gj 3i
[10:33] {dino} dltr hod
[10:33] {nemo} tough frickin' market and summer hasn't begun yet
[10:34] {dino} dltr, misses, lowers, and lowers
[10:34] {nemo} bad news is good
[10:35] {dino} sm s .70
[10:36] {dino} stop .91
[10:41] {dino} cov dltr .85 -.15
01[10:50] {@Threei}  FB skyrocketing
[10:52] {jfjf64} Yeah
[10:53] {jfjf64} Without us
[10:53] {jfjf64} Lol
01[10:53] {@Threei} Short Setup: MCD  .30 break
01[10:53] {@Threei}  If holds  .40
[11:02] {drewj} hey guys
01[11:02] {@Threei}  Invalidated
01[11:02] {@Threei}  hi drew
[11:03] {drewj} how's the day?
01[11:03] {@Threei}  decent
[11:06] {dino} good
01[11:06] {@Threei} Short Setup: TWTR  .65 break
01[11:06] {@Threei}  If holds  .75
[11:07] {jfjf64} Ll .35 long
01[11:12] {@Threei} Long Setup:  TWTR  .75 break
01[11:12] {@Threei}  If holds  .65
[11:13] {dino} dltr sm s .80
[11:19] {jfjf64} .51 line support dino
[11:19] {jfjf64} Break that  good to go
[11:20] {dino} yeah, watching it, should go to 79.00
[11:21] {dino} tough
[11:24] {jfjf64} .51
[11:24] {jfjf64} Break it down Dino boy
[11:25] {jfjf64} 1:2 ll
[11:25] {dino} gj
[11:28] {dino} starting to think, better worlds than dltr
[11:29] {jfjf64} We missed it
[11:29] {dino} that .41 bid stopped the drop
[11:33] {jfjf64} Nice
[11:33] {jfjf64} .91 next line
[11:33] {jfjf64} Good luck
[11:34] {dino} ty
[11:37] {jfjf64} .91 to penny
[11:37] {dino} cov .00, +.80 dltr, good world after all
[11:37] {jfjf64} These lines good
[11:37] {jfjf64} Gj dino
[11:37] {dino} ty, what lines you getting
[11:37] {jfjf64} 1:3 ll
[11:38] {dino} gj
[11:38] {jfjf64} Floor traders pivots
[11:38] {jfjf64} Use ninja charts
[11:38] {dino} ok
[11:39] {jfjf64} They on money
[11:39] {jfjf64} Scary
[11:39] {dino} seem to be
[11:40] {jfjf64} Next line 78.16 dltr
[11:40] {jfjf64} Lol
[11:41] {dino} 78.27 vwap
[11:43] {jfjf64} Just got divergence ind here
[11:43] {jfjf64} Bounce here
[11:43] {jfjf64} .80
[11:44] {jfjf64} .75
[11:44] {nemo} where'd u get in jf?
[11:44] {nemo} 79.75?
[11:44] {jfjf64} Didn't yet
[11:44] {nemo} what you looking long?
[11:44] {jfjf64} .75 trigger
[11:44] {jfjf64} Dltr
[11:45] {nemo} 79 roof
[11:46] {dino} ruth
[11:47] {nemo} wtf...kevin
[11:48] {dino} :)
[11:49] {dino} over daily, so taking it easy here through lunch
[11:49] {nemo} really?  why don't you go drop some weights on your chest then
[11:50] {dino} i need too. but long road trip tonight w/son
[11:50] {dino} maybe take a nap
[11:50] {nemo} got ur binky?
[11:50] {drewj} lol
[11:51] {dino} lol
[11:52] {dino} coming into vwap
[11:54] {drewj} Vad how do you set your daily income goal?
[11:54] {nemo} he doesn't, he takes what the market gives him
[11:54] {drewj} hmmm
[11:54] {nemo} you hold too tightly to a goal, you'll start over trading
[11:54] {drewj} really?
[11:54] {jfjf64} Or how much vodka needs to buy
[11:55] {drewj} that I can see
[11:55] {jfjf64} Aapl
[11:55] {nemo} 1.75 liters usually lasts me about 2 days
[11:55] {drewj} wow like a fish
[11:55] {nemo} don't know many fish that drink vodka
[11:56] {jfjf64} Nemo is a fish
[11:56] {nemo} having said that, sounds like my kinda' fish
[11:56] {drewj} know any Russians?
[11:56] {nemo} wrong
[11:56] {nemo} Vad?  do I know any Russians?
[11:56] {drewj} He
01[11:56] {@Threei}  no idea... I am a jew from Ukraine
[11:56] {jfjf64} Lol
[11:56] {drewj} He's warming up with a punchline
[11:57] {drewj} You're Jewish?
[11:57] {nemo} Yes, one of my closest friends is Russian from Moscow
[11:57] {jfjf64} 78.16
[11:57] {jfjf64} Dltr line
01[11:57] {@Threei}  drew, yes but consider that there is cultural difference in the definition
[11:58] {drewj} I'm sure
01[11:58] {@Threei}  for north americans it largely means religion
01[11:58] {@Threei}  for east europenas, ethnicity
[11:59] {drewj} I recognize that.  Also levels of respect vary.
01[11:59] {@Threei}  so, if you can envision agnostic jew, that would be it :)
[11:59] {nemo} at least he's not kazhak
01[11:59] {@Threei}  not in the least
[11:59] {nemo} or chechen
01[11:59] {@Threei}  nor am I a cossack
[12:00] {nemo} or tartar
[12:00] {nemo} dg coming in
[12:00] {drewj} I had asked about daily goals Vad...is that what you do?
01[12:01] {@Threei}  nemo's answered for me, so I didn;t bother :)
01[12:01] {@Threei}  no goals here
[12:01] {nemo} told ya'
[12:01] {nemo} nobody ever listens to me
01[12:01] {@Threei}  what I have instead is:
[12:01] {drewj} what nemo?
01[12:02] {@Threei}  certain amount after which I switch to profit preservation mode
[12:02] {nemo} not talking
[12:02] {drewj} ok
01[12:03] {@Threei}  what is profit preservation mode, you ask,
01[12:03] {@Threei}  and boy, do I have an answer for you
[12:03] {nemo} no, he didn't
01[12:03] {@Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[12:03] {nemo} oh jeez
01[12:03] {@Threei}  {GGG}
[12:03] {drewj} You read my mind
01[12:03] {@Threei}  see nemo?
[12:04] {nemo} inside the mind of drewj...have fun Vad
01[12:04] {@Threei}  and you wonder why I drink
01[12:05] {@Threei}  nemo: no I don't
01[12:05] {@Threei}  see? I am inside your mind too
[12:05] {nemo} as if you need the excuse
[12:05] {dino} as long as thats all
01[12:05] {@Threei}  ewww
01[12:07] {@Threei}  time for Ron to come back from vacation... I need some sane counterbalance to you'll
01[12:08] {@Threei}  and I am scared to think ese might come back before Ron
[12:08] {nemo} maybe he'll help you with your grammar
01[12:08] {@Threei}  nah, that ship has sailed
[12:09] {jfjf64} I'm at my goal going to lunch
[12:10] {jfjf64} Lol
[12:11] {jfjf64} Vg take nap we need 1:5 after lunch
01[12:13] {@Threei}  ok
01[12:43] {@Threei}  US stocks are not far off session highs as today's bad news is just bad enough to look like good news to market participants. The message seems to dovetail with yesterday's FOMC minutes, which suggested that even September might be too early for Fed rate hikes.
01[12:51] {@Threei} Short Setup: GLD  .50 break
01[12:51] {@Threei}  If holds  .60
[12:53] {nemo} CRM
[13:51] {dino} smg drop
[14:05] {drewj} dino are you still in those anip calls?
[14:06] {dino} yes
01[14:13] {@Threei}  be back in 27m 48s
[14:13] {drewj} don't be late
[14:13] {nemo} you lie
[14:34] {jfjf64} Hey lunch over
[14:34] {jfjf64} Anything going on
01[14:37] {@Threei}  not yet
01[14:37] {@Threei}  but soon
[14:45] {dino} back in 30
[14:45] {nemo} why bother?
[14:46] {dino} made 100 bucks at 3:30 yesterday
[14:46] {nemo} do I want to know how?
[14:46] {dino} shorted gbx spike
[14:46] {dino} gotta hop
01[14:47] {@Threei} Long Setup:  FB  .70 break
01[14:47] {@Threei}  If holds  .60
01[14:58] {@Threei}  change to .60 break
01[14:58] {@Threei}  If holds  .55
[15:01] {jfjf64} Got filled .71
01[15:13] {@Threei}  not delighted
01[15:20] {@Threei}  watching VXX
01[15:24] {@Threei} Long Setup:  VXX  .75 break
01[15:31] {@Threei}  If holds  .68
01[15:33] {@Threei}  change to .70
01[15:33] {@Threei}  If holds  .65
[15:36] {dino} jmei spike
01[15:36] {@Threei}  Invalidated
01[15:37] {@Threei} Long Setup:  FB  .55 break
01[15:37] {@Threei}  If holds  .45
01[15:37] {@Threei}  last attempt
[15:41] {dino} damn, jmei was the one
01[15:46] {@Threei}  1:1
[15:47] {dino} hchc spike
[15:49] {dino} hchc hl s .79
[15:50] {jfjf64} Hchc
[15:50] {jfjf64} K
[15:51] {dino} diiieeee
[15:52] {jfjf64} Tmus August 40 calls being bought 2 nd straight day
[15:54] {jfjf64} Done boys Ty
[15:54] {dino} gj jf
01[15:54] {@Threei}  thank you all
01[15:54] {@Threei}  hasve a good evening, see you tomorrow