Tuesday, June 30, 2015

Jun 30 2015

Another good trading session with a few nice juicy trades, again VXX and others

Session Time: Tue Jun 30 00:00:00 2015
[09:07] {RonS} gm
01[09:08] {@Threei}  ron :)
[09:29] {cosmo} now don't panic...
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -JUNO +35% (collaboration deal with CELG)
01[09:30] {@Threei}  -WSH +7.5% (Dep CEO Hearn leaving the company)
01[09:30] {@Threei}  -KITE +7% (momentum from JUNO/CELG deal)
01[09:30] {@Threei}  -LBIO +6.7% (momentum from JUNO/CELG deal - focus on T-cell targeting and TIL differentiation)
01[09:30] {@Threei}  -PNR +5.8% (Trian confirmed 7.24% stake)
01[09:30] {@Threei}  -FIT +5.5% (Blue Ridge Capital disclosed 8.32% passive stake)
01[09:30] {@Threei}  -PBY +5% (announced review of strategic alternatives)
01[09:30] {@Threei}  -ALDR +4.4% (positive Mad Money mention)
01[09:30] {@Threei}  -FCAU +3.4% (completes syndication of revolving credit facility, increases facility size to €5.0 Billion)
01[09:30] {@Threei}  -EMR +3% (announced strategic portfolio repositioning; to spin off network power business)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -PIRS -19% (priced 9.09M share offering at $2.75/shr)
01[09:30] {@Threei}  -ETRM -14% (pricing of 40.2M units at $0.87/shr)
01[09:30] {@Threei}  -APOL -11% (negative broker commentary)
01[09:30] {@Threei}  -SNE -5.6% (first public share sale in 26 yrs)
01[09:30] {@Threei}  -TW -2.6% (announced all-stock merger with Willis Group valued at $18B)
01[09:31] {@Threei}  (GR) Greece said to be requesting a 2 year bailout program via the ESM; Govt would also ask for parallel restructuring of debt - financial press - PM indicates Greece remains at the negotiating tableNote: Earlier (GR) Eurogroup chief Dijsselbloem cancels weekly TV interview, citing "urgent obligations" - press - Separately Greek govt cancels a press briefing, citing ongoing emergency meetings with ministers- Follow up: Germany CDU member Kauder: Surprised that any new proposals would be coming from Brussels, there is nothing new to report on Greece now however
01[09:31] {@Threei} Long Setup:  FB  .50 break
01[09:32] {@Threei}  yeah
01[09:34] {@Threei} Short Setup: JPM  .95 break
01[09:34] {@Threei}  If holds  .05
[09:35] {dino} damn, markets closed friday
01[09:35] {@Threei}  how is it bad?
[09:36] {dino} i am missing a lot of days in july
01[09:36] {@Threei}  1:1
01[09:40] {@Threei}  1:2
01[09:42] {@Threei}  1:3
01[09:42] {@Threei}  out
01[09:44] {@Threei}  *(US) JUN CHICAGO PURCHASING MANAGER: 49.4 V 50.0E
01[09:45] {@Threei} Short Setup: MCD  .75 break
01[09:45] {@Threei}  If holds  .85
[09:45] {nemo} pause day
01[09:46] {@Threei}  1:1
01[09:48] {@Threei}  1:2
01[09:49] {@Threei} Long Setup:  AIG  .95 break
01[09:49] {@Threei}  If holds  .85
01[09:52] {@Threei}  1:1
01[09:57] {@Threei} Short Setup: JPM  .60 break
01[09:57] {@Threei}  If holds  .70
[09:59] {dino} late post, wrld smr l .15 wide
01[10:00] {@Threei}  *(US) JUN CONSUMER CONFIDENCE INDEX: 101.4 V 97.4E
01[10:00] {@Threei}  stop to .65
01[10:02] {@Threei}  meh
[10:08] {RonS} safm running like a chicken....
[10:12] {dino} safm sm s .37
[10:19] {RonS} wrld trading volume totally under-reporting
[10:19] {RonS} wrld t&s pure bs
[10:21] {dino} cov safm .94, +.43
[10:21] {dino} ty ron
[10:22] {RonS} np
[10:27] {dino} alrm drop
[10:33] {dino} ago sm s .01
[10:39] {dino} cov ago .61, +.40
01[10:46] {@Threei} Short Setup: FB  .10 break
01[10:46] {@Threei}  If holds  .20
[10:46] {RonS} rumors sandburg going to twtr
01[10:48] {@Threei}  TWTR Hearing renewed takeover chatter circulating- Facebook rumored as a potential acquirer with price chatter in the mid-$40s
01[10:48] {@Threei}  1:1
01[10:50] {@Threei}  1:2
[10:54] {dino} nav spike
[10:55] {dino} nav sm s .00
[10:56] {dino} cov nav .70, +.30
[10:57] {RonS} gj
[10:57] {dino} ty
[10:57] {dino} re-spike
[10:58] {dino} gm joint venture rumor
[10:59] {RonS} marijuana shop?
01[10:59] {@Threei}  [NAV] Strength attributed to earlier Forbes piece highlighting the company is nearing a partnership with GM (update) Industry sources believe General Motors is close to announcing a new partnership with commercial-truck stalwart Navistar International to manufacture so-called medium-duty trucks that cover the industrys Class 4, 5 and 6 classifications. GM built medium-duty trucks for decades before exiting the business in 2009 amidst its bankruptcy reorganization and the recession. - Forbes
[11:02] {dino} lol ron, just got that
01[11:03] {@Threei}  I am slow...
[11:03] {dino} no, wrld is slow
[11:06] {RonS} ...being....forced....to....  dino, that ago trade was like my sex life...
[11:07] {dino} quick?
[11:07] {RonS} pretty good... short into the hole...
[11:08] {dino} tmi
[11:08] {RonS} ya...lol
[11:10] {dino} cpb spike
[11:11] {dino} sm s .15
[11:15] {RonS} hearing cpb hired advisor to review strategic alternatives...
[11:15] {dino} ty
[11:16] {dino} cpb stopped .45, -.30
[11:18] {dino} sm s .00
[11:29] {dino} cov cpb .37, +.63
01[11:36] {@Threei} Long Setup:  VXX  .30 break
01[11:36] {@Threei}  If holds  .20
[11:38] {dino} rdus spike
01[11:40] {@Threei}  AMGN Hearing vague chatter of an activist investor getting involved- Pershing Square's Ackman said to have built a stake
[11:48] {dino} abcb drop
01[11:50] {@Threei}  1:1
01[11:57] {@Threei}  1:2
01[11:58] {@Threei}  1:3
[12:02] {RonS} nice
01[12:08] {@Threei}  good trading days
[12:18] {dino} indeed
[12:19] {RonS} but for this:  https://www.youtube.com/watch?v=oKKMdmPBWRk
[12:27] {RonS} syy needs a Pancho...
[12:36] {RonS} oops Poncho:  https://en.wikipedia.org/wiki/The_Cisco_Kid_(TV_series)
01[12:36] {@Threei}  lol
01[12:36] {@Threei}  there is also Sancho Pansa... gets really confusing
[12:38] {RonS} wow vxx
[12:55] {nemo} BABA looks short
[13:08] {RonS} ag stocks nuts over crop acreage report
[13:10] {RonS} anr drop re creditors working w/ advisors for a  possible restructuring
01[13:11] {@Threei} Short Setup: POT  31 break
01[13:11] {@Threei}  If holds  .10
[13:20] {RonS} pfpt spike
[13:23] {RonS} 3i taking dino's cake?
[13:24] {RonS} de 600 day high
01[13:24] {@Threei}  pot is dino's cake?
[13:25] {RonS} you found a slower trade than wrld...
01[13:25] {@Threei}  ah :)
01[13:25] {@Threei}  yeah, trailing to .06
[13:30] {dino} ?
[13:31] {RonS}  polls show support for Tsipras falling. His approval rating is just under 50 percent today; two weeks ago, it was more than 60 percent.
[13:32] {dino} shutting the banks down will do that
[13:38] {RonS} CA gets something right?  Calif. Gov. Jerry Brown signs new vaccine bill which drops exemptions for personal or religious beliefs
[13:39] {dino} wow a democrat gets it
[13:41] {cosmo} what's wrong with 'personal'?
[13:41] {cosmo} for us libratarians ya know
[13:41] {dino} vaccines work
[13:41] {RonS} free riders that risk the health of innocent children
[13:41] {cosmo} they kill
[13:42] {RonS} the disease kills
[13:42] {cosmo} measels vac for instance
[13:43] {dino} out agio calls from last week, +1.00 /+17%
[13:43] {RonS} gj
[13:43] {dino} ty
[13:46] {RonS} crame tweet pops ambr
[13:46] {RonS} cramer
[14:04] {RonS} call the caterer...  Eurogroup are to meet AGAIN tomorrow
01[14:05] {@Threei}  lol
01[14:06] {@Threei}  Eurogroup internal memo: guys, real danger ahead... Greece case might get closed. We need to prolong this crisis or find a new one.
[14:06] {dino} call the escorts you mean
[14:06] {dino} sure the fench have them lined up
01[14:07] {@Threei}  Escorts: no way, we are sick and tired of Eurogroup Greece meetings. Can't you get Spaon or Italy to go into crisis mode?
[14:07] {dino} escorts, "if we have to dance for those cheap greeks again, we quit"
[14:08] {dino} "they want us to run a tab"
[14:08] {RonS} lol
01[14:08] {@Threei}  "and then negotiate the ceiling to that tab"
[14:08] {dino} lol
[14:09] {dino} and renegotiate the price after the dance
01[14:11] {@Threei}  and call referendum when we question their, umm, position
[14:11] {dino} "last time they left without paying us"
01[14:12] {@Threei}  anfd threatened to switch to russian brides
[14:12] {dino} restaurants: "just great, another dine and dash by the greeks"
01[14:13] {@Threei}  lol
[14:14] {RonS} dino's kid:  how was today dad?  just ok...only made 4o cents short on ago when it was up a buck fifteen on the day...
[14:15] {dino} :), but you forget the other wins
[14:18] {RonS} lol...perfect:  http://tinyurl.com/owr4hz4
[14:18] {dino} rcap spike
01[14:18] {@Threei}  lol
01[14:21] {@Threei}  oh god... https://goo.gl/GPx1j3
[14:22] {RonS} Free run off 6.6& cambria stake reported via sc13g
[14:24] {RonS} rcap halt
[14:24] {dino} rcap halt
[14:24] {dino} new terms on loan agreements all i see
01[14:24] {@Threei}  (GR) EU official: Greece intends to send a fresh letter with new proposals - press - Eurogroup teleconference ends after one hour. Plans another teleconference tomorrow at 17:00 CET (12:00ET) with efforts to consider Greece proposals.- Finland Fin Min Stubb: an extension of the current Greece bailout program is not possible; Greek request for haircut (debt restructuring) is not possible; request for ESM-programme is always dealt with through "normal procedures."
01[14:25] {@Threei}  RCAP RCS Capital and its Lenders Agree to Covenant Modifications (update)
[14:31] {dino} rcap sm s .40 stop hod
[14:33] {dino} cov .10, +.30
[14:35] {dino} out wrld .95 -.20, slowest stock in the world
01[14:37] {@Threei}  LOL: "Don't be fooled by looks, butterflies taste just like moths"
01[14:52] {@Threei} Long Setup:  VXX  .30 break
01[14:53] {@Threei}  If holds  .20
01[15:00] {@Threei}  half out, stop to .24
01[15:04] {@Threei}  1:1
[15:07] {dino} uil drop
[15:09] {dino} news?
[15:09] {RonS} none here
[15:10] {dino} smr l .19
[15:10] {RonS} CT proposes rejection of iberdola/UIL merger...
[15:10] {RonS} ct the state?
[15:13] {dino} out .40, +.21, ty ron for news
[15:13] {RonS} little late but np
[15:17] {dino} i chickened out
01[15:37] {@Threei} Long Setup:  VXX  .40 break
01[15:37] {@Threei}  If holds  .30
[15:38] {dino} tw blood
[15:41] {drewj} Hey guys
01[15:41] {@Threei}  hi drew
[15:41] {drewj} how are you all doing?
[15:41] {RonS} hi drew
01[15:41] {@Threei}  good trading days
[15:41] {drewj} nice
[15:41] {dino} welcome back drew
[15:41] {drewj} big rolls of cash?
[15:41] {drewj} thanks dino, ron
01[15:41] {@Threei}  average-sized, lol
[15:41] {dino} grinding it out
[15:42] {drewj} nice vad
[15:42] {dino} you back for awhile?
01[15:42] {@Threei}  half out VXX
[15:42] {drewj} hopefully I'll be back soon
01[15:42] {@Threei}  stop to .34 for now
[15:42] {drewj} I'm changing jobs dino
[15:42] {dino} hectic then i guess
[15:43] {drewj} Not sure how the whole thing will play out
[15:43] {dino} gl
[15:43] {drewj} Yes, I've got some good options but I need to find the right one
[15:43] {drewj} thanks
[15:44] {drewj} dino i've been studying your strategies
[15:44] {dino} uh oh
[15:44] {drewj} :)
[15:44] {nemo} yeah...really
[15:44] {RonS} dino pm
[15:44] {drewj} I think I'm going to get rich quick
[15:44] {drewj} right?
[15:45] {drewj} Have you planned your vacation Vad?
01[15:46] {@Threei}  no... couple things out of my control are not known yet
[15:46] {drewj} ok
[15:47] {drewj} once I get settled I'll be back
[15:47] {dino} "get rich quick" if there were ever words for destruction
[15:48] {drewj} I'm going to invest in the lottery too
[15:48] {dino} roflol
[15:49] {drewj} Ok well take care all...Nice to talk to you guys
[15:49] {drewj} Make some bucks for me
[15:49] {dino} cya drew
[15:50] {dino} jbht drop
01[15:51] {@Threei}  OK guys, done for the day. Have a good evening, see youi tomorrow
[15:51] {dino} gn 3i