Wednesday, May 27, 2015

May 27 2015

Back to winning streak with nice trading session, 1:2 to 1:4, some scalps, some small stops. Business as usual

Session Time: Wed May 27 00:00:00 2015
[09:10] {drewj} gm
[09:10] {dino} gm
[09:10] {nemo} yes, I have vodka
01[09:13] {@Threei}  dino, nemo :)
01[09:13] {@Threei}  drew :)
[09:21] {Branm} goodmorning
01[09:21] {@Threei}  branm :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -EOX +66% (no longer going public with IPO)
01[09:27] {@Threei}  -GBSN +32% (positive broker commentary)
01[09:27] {@Threei}  -MERU +26% (being acquired by Fortinet at $1.63/shr)
01[09:27] {@Threei}  -FPRX +17% (entered into licensing agreement with BLUE for novel antibodies to develop chimeric antigen receptor T Cell therapy)
01[09:27] {@Threei}  -CLLS +9% (momentum from FPRX deal with BLUE)
01[09:27] {@Threei}  -TIF +6.8% (earnings)
01[09:27] {@Threei}  -PLUG +5.4% (announced MSA for GenKey hydrogen fuel cell solution)
01[09:27] {@Threei}  -TIVO +4.3% (earnings)
01[09:27] {@Threei}  -ZGNX +4.3% (new efficacy data from long-term Fenfluramine data for treating Dravet Syndrome)
01[09:27] {@Threei}  -DSW +4.2% (earnings)
01[09:27] {@Threei}  -HRL +4.2% (acquiring Applegate Farms for $775M)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -KORS -17% (earnings & guidance)
01[09:28] {@Threei}  -ICAD -15% (withdraws FY15 guidance due to uncertainty related to reimbursement for non-melanoma skin cancer in the US)
01[09:28] {@Threei}  -WDAY -9.5% (earnings)
01[09:28] {@Threei}  -VNET -7.3% (earnings)
01[09:28] {@Threei}  -CHS -5.8% (earnings)
01[09:28] {@Threei}  -FWM -4.5% (earnings)
01[09:31] {@Threei} Long Setup:  VXX  .25 break
01[09:31] {@Threei}  If holds  .15
01[09:33] {@Threei}  to .19
01[09:34] {@Threei}  if you caught spike to exit half, then trail to .24
01[09:35] {@Threei} Long Setup:  FB  .70 break
01[09:35] {@Threei}  If holds  .60
01[09:36] {@Threei}  1:1
01[09:41] {@Threei} Long Setup:  BP  .70 break
01[09:41] {@Threei}  If holds  .60
01[09:42] {@Threei} Long Setup:  FB  .80 break
01[09:42] {@Threei}  If holds  .70
01[09:43] {@Threei}  1:1
01[09:45] {@Threei}  Invalidated  BP
[09:47] {dino} wday sm l .52 wide
[09:47] {nemo} hooker play?
[09:49] {dino} stopped wday, bought the f'ng top
01[09:52] {@Threei} Long Setup:  FB  .90 break
01[09:52] {@Threei}  If holds  .85
01[09:52] {@Threei}  unusually tight stop, pullback entry
01[09:57] {@Threei}  meh
[10:00] {dino} wday sm l .70
01[10:01] {@Threei} Short Setup: TWTR  .40 break
01[10:01] {@Threei}  If holds  .50
[10:13] {dino} out wday .41, +.81
[10:13] {dino} opps, +.71
01[10:13] {@Threei}  wtg
01[10:14] {@Threei}  wtg - 10 cents
[10:14] {dino} ty
[10:17] {Branm} anyone still in FB
01[10:19] {@Threei}  not me
01[10:19] {@Threei}  why, it was stopped long ago
[10:19] {Branm} I am out now
01[10:20] {@Threei}  you know how to manage the play according to setup description?
01[10:21] {@Threei}  http://www.realitytrader.com/tradingroom/#instructions
[10:24] {Branm} Thanks I read the  instructions just takes awhile to sink in and truly understand
[10:26] {dino} adro spike
01[10:26] {@Threei}  don't hesitate to ask questions
[10:26] {dino} wday sm l .25
01[10:26] {@Threei}  no go TWTR
[10:27] {dino} wday = pulp
[10:28] {nemo} they yanked the book on indexes and aapl
01[10:33] {@Threei}  frikin TWTR
01[10:33] {@Threei}  rinse
01[10:35] {@Threei}  @#$^%&
01[10:35] {@Threei}  (GR) IMF's Blanchard: Eurozone can survive a Greek exit
01[10:35] {@Threei}  good... kick them out and survive already
01[10:35] {@Threei}  everyone will be relieved
01[10:37] {@Threei}  1:3... shoot me now
[10:38] {dino} bang
01[10:38] {@Threei}  thank you
[10:38] {dino} :)
01[10:39] {@Threei}  that was perfect case for DKTK
[10:39] {dino} achc ?
[10:39] {nemo} told u it was coming
01[10:40] {@Threei}  no news
01[10:41] {@Threei}  FB... let's see if we can use pullback for entry
[10:43] {dino} achc sm s .90
01[10:44] {@Threei}  now FB needs to rinse .10 buyers by pulling back under 80
01[10:44] {@Threei}  and we want to get it on recross
[10:44] {nemo} frickin' Greeks
01[10:46] {@Threei}  how did they offend you?
[10:46] {dino} cov achc .20, +.70
[10:46] {nemo} this market is because of Greece at the moment...so much headline risk
[10:47] {dino} "better worlds" market nemo
[10:47] {nemo} where?
01[10:48] {@Threei}  Italy?
[10:48] {dino} find stocks acting on their own
[10:49] {dino} the niose doesn't apply to certain stocks
[10:49] {dino} noise too
01[10:55] {@Threei}  anyone got FB near 80?
[10:57] {Branm} Made .15 fb
01[10:58] {@Threei}  :)
[10:58] {dino} gj
01[10:59] {@Threei} Long Setup:  TWTR  .20 break
01[10:59] {@Threei}  If holds  .10
[10:59] {dino} last try wday sm l .24
[11:01] {nemo} twtr can't go up with market
[11:10] {dino} wday stop
01[11:15] {@Threei}  half out TWTR
01[11:15] {@Threei}  stop to .14
[11:18] {dino} rinsed
01[11:49] {@Threei} Long Setup:  JPM  .40 break
01[11:49] {@Threei}  If holds  .30
01[11:51] {@Threei}  US and European equities are bouncing higher this morning after yesterday's big losses. Yesterday Greece seemed hopeless, while today progress is possibly being made.
01[11:51] {@Threei}  G7 finance ministers are meeting in Dusseldorf for several days this week and today the meeting is generating market-moving headlines regarding Greece. Just after the open of US cash equity trading, there were reports that a Greece official said Greece and its creditors have begun putting together a "staff level" agreement, including long-term solutions to debt and pension issues. Within an hour, European officials clarified that they are not yet drafting a final accord and that plenty of difference among the parties to the negotiations remain.
[12:02] {Branm} what time frame of chart are you looking at thanks
01[12:03] {@Threei}  1 min and daily
01[12:09] {@Threei}  stop to .34 JPM
01[12:10] {@Threei}  lunch time, tghter risk control
01[12:21] {@Threei}  1:1
01[12:23] {@Threei}  TWTR to .18
01[12:31] {@Threei}  to .19 and by the book from here
01[12:42] {@Threei}  1:2  TWTR
06[12:43] * @Threei slaps nemo around a bit with a large roll of cash
01[13:01] {@Threei}  (GR) France Fin Min Sapin: talks on Greece have not led to any written agreements, Greece officials must place their commitments on paper as time is running out
01[13:02] {@Threei}  I change my mind... let the Greek drama continue, what we would do for fun without it
01[13:18] {@Threei}  TWTR 1:4
01[13:18] {@Threei}  out
[13:58] {_GEOARB} test
[13:58] {dino} brcm spike
[13:58] {dino} avgo too
[13:59] {nemo} does Corvus=Raven?
01[13:59] {@Threei}  passed, geo
01[13:59] {@Threei}  with flying colors
[13:59] {_GEOARB} thanks..... at work now..... will come in early tomorrow.
01[14:00] {@Threei}  :)
01[14:00] {@Threei}  JPM stop is .39 for now, with trail to .45 after .55 break
[14:00] {nemo} work?  these are drinking hours
01[14:00] {@Threei}  TWTR, stay away for now, but is pulls back to .40 will get interested again
[14:02] {dino} rumors avgo offer for brcm
01[14:04] {@Threei}  BRCM Reportedly in advanced talks to be acquired by Avago Technologies
[14:08] {dino} qrvo spike
01[14:09] {@Threei}  JPM stop to .44 now
[14:09] {dino} avgo smr s .72
[14:12] {_GEOARB} test in MIRC
01[14:15] {@Threei}  passed
[14:17] {dino} altr spike
[14:28] {dino} avgo cov/stopped
01[14:29] {@Threei} Long Setup:  FB  .15 break
01[14:29] {@Threei}  If holds  .05
[14:33] {dino} avgo smr s .71
[14:34] {nemo} eh...those are "serious" talks, not just rumors
[14:35] {nemo} you and your hooker spreads
[14:36] {dino} surprised the buyer is up 11+
01[14:42] {@Threei}  missed TWTR near .40
01[14:43] {@Threei}  if anyone got it, start partialling out here
01[14:43] {@Threei}  or just take a scalp, no firm read on it
[14:46] {dino} cov avgo 141.21, +1.50. back in 30 or so
01[14:47] {@Threei}  wtg
01[14:47] {@Threei}  for this you can take whole 4o min
01[14:47] {@Threei}  heck, 45
[14:47] {dino} lol
01[14:47] {@Threei}  :)
01[14:48] {@Threei}  no go FB
01[14:49] {@Threei} Long Setup:  VXX  .60 break
01[14:50] {@Threei}  If holds  .55
01[14:50] {@Threei}  low risk attempt to get market drop
01[15:02] {@Threei}  SPY, double top or break
01[15:07] {@Threei}  if SPY lowes .60 instead of breaking .70 now, VXX should work
01[15:08] {@Threei}  lowes = loses
01[15:08] {@Threei}  ugh
01[15:08] {@Threei}  ok, be a fakeout and drop now
01[15:11] {@Threei}  hmmm... a lot of momo
01[15:12] {@Threei}  but VXX still holds the breakeven level
01[15:12] {@Threei}  sitting tight for now, risk is negligible
01[15:12] {@Threei}  and morning was good enough to risk this
[15:37] {nemo} so according to today's action, yesterday never occurred
01[15:38] {@Threei}  correct
01[15:38] {@Threei}  sorry... korreqt
[15:39] {dino} higher lows slightly higher highs
[15:39] {nemo} Summer is setting up for grind higher...perfect distribution environment
[15:39] {dino} 20k it wants
[15:40] {nemo} machines will trade all Summer then big money comes back and decides what to do in the Fall
[15:41] {nemo} we'll get some heavy info on Greece over the weekend, probably propels us to new highs
01[15:42] {@Threei}  sounds right to me
01[15:43] {@Threei} Short Setup: FB  .50 break
01[15:43] {@Threei}  If holds  .55
[15:44] {nemo} short .55 hold .60
[15:44] {nemo} imo
01[15:46] {@Threei}  stubborn support
01[15:50] {@Threei}  meh
01[15:51] {@Threei}  OK guys, thank you all, have a great evening. See you tomorrow