Thursday, June 4, 2015

June 04 2015

Nice first half of the day, ending with juicy 1:3er on LGF long, and just a chop on last two hours. Still positive for the day though

Session Time: Thu Jun 04 00:00:00 2015
[09:03] {dino} gm
01[09:03] {@Threei}  dino :)
[09:05] {RonS} gm
01[09:06] {@Threei}  ron, welcome back
01[09:06] {@Threei}  you want to track greek tragedy real time eh? :)
[09:08] {RonS} guess so, seems the old Soviet Union...until it isn't...
01[09:10] {@Threei}  I suspect they got so used to this and started seeing it as their main job that they will keep it going just for the sake of doing something every day
[09:10] {dino} welcome back ron
[09:11] {RonS} hi dino, how's the big hitter?
[09:11] {dino} still grinding it out
[09:12] {RonS} comment...grinding there too?
[09:14] {dino} played last night, was even par after 8, then put my tee shot ob. ended up 3 over for 9.
[09:18] {RonS} 3i, when does school end?  heard from ese at all?
01[09:18] {@Threei}  yes, July
01[09:18] {@Threei}  around 10th if I remember correct
[09:18] {RonS} wow
[09:19] {cosmo} that's summer school..right?
01[09:19] {@Threei}  nemo will be late today (in case you are missing him horribly and wondering when oh when he is coming in)
01[09:19] {@Threei}  no, regular
[09:19] {cosmo} ugh
01[09:19] {@Threei}  end of June for kids, a week or so more for teachers
[09:19] {cosmo} ah
[09:21] {dino} oh
01[09:22] {@Threei}  uh
01[09:22] {@Threei}  {ese} eh
[09:23] {dino} lol
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -BRLI +44% (being acquired by OPK)
01[09:26] {@Threei}  -AVEO +23% (r'cvd European regulatory guidance regarding potential marketing authorization application for Tivozanib)
01[09:26] {@Threei}  -GEVO +9% (breakthrough will allow it to produce isobutanol from cellulosic feedstocks such as wood which can be converted to jet fuel)
01[09:26] {@Threei}  -VISN +8% (announced financial transaction led by BIDU; will collaborate with BIDU on urban public transportation WiFi network development)
01[09:26] {@Threei}  -FIVE +7% (earnings)
01[09:26] {@Threei}  -TMUS +6.6% (talks between DISH/TMUS have momentum, however there are issues like price & minority share protections)
01[09:26] {@Threei}  -EYES +5% (disclosed OH/KY CGS administrators agreed to cover Argus II prosthesis system)
01[09:26] {@Threei}  -DISH +4.5% (talks with TMUS)
01[09:26] {@Threei}  -CIEN +4.4% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -OPK -6.6% (negative comments from Feuerstein re BRLI acquisition)
01[09:27] {@Threei}  -AER -2% (sale of stock by AIG)
01[09:27] {@Threei}  -BLUE -2% (amended exclusivity agreement with CELG for 2 anti-BMCA candidates)
01[09:31] {@Threei} Long Setup:  VXX  .05 break
01[09:32] {@Threei}  If holds  .95
01[09:33] {@Threei}  no go
01[09:35] {@Threei}  rinse
01[09:36] {@Threei}  (US) IMF calls on the Fed to delay first rate hike unitl 2016, cuts US growth forecast - does not expect inflation to reach Fed's 2% inflation forecast until mid 2017
[09:37] {dino} lol, advice from the imf
01[09:37] {@Threei}  yeah
01[09:39] {@Threei} Long Setup:  TWTR  .40 break
01[09:39] {@Threei}  If holds  .30
01[09:40] {@Threei}  1:1
[09:42] {cosmo} dino got kicked by imf?
[09:42] {dino} computer gremlins
[09:43] {cosmo} ah
01[09:43] {@Threei}  1:2
[09:44] {dino} expe gap filled
01[09:45] {@Threei} Long Setup:  FB  .70 break
01[09:45] {@Threei}  If holds  .60
01[09:46] {@Threei}  1:3  TWTR
01[09:47] {@Threei}  1 cent to 1:1, FB
01[09:47] {@Threei}  ugh
01[09:50] {@Threei} Long Setup:  FCX  .50 break
01[09:52] {@Threei}  Invalidated
01[09:53] {@Threei}  FCX, valid again
01[09:53] {@Threei}  If holds  .40
[09:56] {dino} aldr spike
01[09:58] {@Threei}  ALDR CEO to appear on Cramer's Mad Money tonight
01[10:00] {@Threei}  1:1
[10:02] {dino} ty
01[10:02] {@Threei}  :)
[10:11] {dino} visn spike
[10:12] {dino} visn sm s .59
01[10:14] {@Threei} Short Setup: MCD  .80 break
01[10:14] {@Threei}  If holds  .90
[10:15] {dino} cov visn .80, +.79
[10:15] {RonS} gj
01[10:15] {@Threei}  wtg
[10:15] {dino} ty
01[10:16] {@Threei}  Invalidated
[10:17] {dino} atra spikey
[10:18] {dino} vimc drop
01[10:25] {@Threei}  (GR) IMF's Lagarde: Bundling Greece's June IMF debt payments is not likely to happen, given statements of Greek officials
[10:31] {dino} -100, then flat, now -100 coming
[10:37] {RonS} qotd:  Hillary makes FIFA look transparent
01[10:37] {@Threei}  lol
01[10:40] {@Threei}  Putin takes FIFA thing hard
[10:42] {dino} cavm spike
[10:47] {dino} ugh, missed cavm short by .02
[10:48] {dino} ehic spike, thinking its a modern hic
[10:51] {dino} bmy spike
[10:52] {dino} sm s .59
01[10:52] {@Threei}  BMY Hearing vague chatter company considering a sale of the company and has hired advisors to evaluate an approach from a possible suito
[10:55] {dino} cov bmy .22, +.37
[10:55] {dino} and i hear vague voices in my head, or is that dogs barking?
[10:56] {RonS} thought dogs barking referred to feet...
[10:57] {dino} tired dogs
[10:57] {dino} rebel yell on tunes
[10:57] {dino} rockin' out this morning
[10:58] {dino} wow, covered that too soon
[10:58] {dino} cavm attempting to hit its hod
[11:19] {dino} cavm sm s .76, bs .01
[11:20] {dino} cov cavm .46, +.30
[11:23] {dino} hmmm, its like i am talking to myself
01[11:23] {@Threei}  you are
01[11:23] {@Threei}  what else is new
01[11:23] {@Threei}  nemo does regularly
[11:23] {dino} this is true
[11:24] {RonS} nemo hand signs to himself...and replies with his feet...
01[11:24] {@Threei}  lol
[11:24] {dino} caveman wiggling in .50 increments
[11:26] {RonS} cavm...isn't that on the element chart?
[11:27] {dino} perhaps
[11:27] {dino} new hod
01[11:37] {@Threei}  feels like breakdown is coming in SPY
[11:41] {dino} cpla spike
[11:58] {dino} taking a lunch hour
01[12:03] {@Threei}  The details of Europe's offer to Athens have come out this morning. Greece's creditors called for increases in the VAT tax and pension cuts, plus more privatizations. More importantly, the offer includes plans to allow the EFSF to provide almost €11B in support for the July-August period. Tsipras is reportedly not happy about the VAT and pension components, as they still press his party's red lines. The Eurogroup's Dijsselbloem said that differences with Greece were narrowed but still remain substantial.
01[12:04] {@Threei}  listening to Rubio... first really sane candidate I've seen in a good while
01[12:31] {@Threei} Long Setup:  LGF  .80 break
01[12:31] {@Threei}  If holds  .70
[12:41] {RonS} thinkin this is must be a silent movie...
01[12:41] {@Threei}  lol
[12:41] {RonS} or black and white?
01[12:41] {@Threei}  green and red on my charts
01[12:42] {@Threei}  green faces... yikes
01[12:42] {@Threei}  even worse than blue ones in that idiotick sci-fi flick
01[12:42] {@Threei}  avatar?
01[12:44] {@Threei}  see? in just 12 minutes it triggered
01[12:44] {@Threei}  in 3 hours it will be at 1:1
01[12:45] {@Threei}  hmmm... maybe faster
[12:45] {RonS} giddyup
01[12:46] {@Threei}  even giddyupper now
01[12:46] {@Threei}  1:1
01[12:46] {@Threei}  ever thought it could be this fast?
01[12:52] {@Threei}  (GR) Germany Chancellor Merkel: talks with Greece are far from any conclusion - Greece Fin Min: Creditors must come to more realistic proposals (Greece PM earlier characterized the lender proposals as extreme)
[12:54] {RonS} if this keeps going dino will show up and short it...
01[12:55] {@Threei}  lol
[13:04] {RonS} out here...thanks 3i
01[13:04] {@Threei}  1:2
01[13:04] {@Threei}  yw :)
01[13:36] {@Threei}  1:3
[13:37] {RonS} wtg
01[13:38] {@Threei}  ty
01[13:41] {@Threei} Short Setup: MON  .50 break
01[13:41] {@Threei}  If holds  .60
01[13:42] {@Threei}  Greece Fin Ministry has formally rejected the creditors proposals as it would create more poverty and unemployment
01[13:53] {@Threei}  no go
01[13:56] {@Threei} Long Setup:  VXX  .45 break
01[13:56] {@Threei}  If holds  .40
01[13:58] {@Threei}  now we need one more panic Greece headline
01[13:59] {@Threei} Short Setup: PG  .10 break
01[13:59] {@Threei}  If holds  .20
01[14:03] {@Threei}  let's trail PG to .16
01[14:04] {@Threei}  market gets a bit hectic
01[14:12] {@Threei}  meh PG
[14:13] {dino} zzzzzzzzzzzzzzzzz
01[14:14] {@Threei}  missed nice 1:3er dino
[14:14] {dino} yeah, i see that above, gj
01[14:14] {@Threei}  LGF, from .80 to .10
01[14:14] {@Threei}  after that just chop chop
[14:14] {RonS} even jf could have caught that one...
01[14:15] {@Threei}  hehe
[14:15] {dino} decent morning
01[14:15] {@Threei}  now, this is interesting headline for standups:
01[14:15] {@Threei}  FB Introduces Facebook Lite, a stripped down app for users in the developing world
[14:15] {dino} i have a meeting at 3:00, so unless something pops up soon, i may be done for the day
[14:21] {RonS} lol facebook light... fo Starvin Marvin from South Park?
[14:21] {dino} lol
[14:23] {dino} wow, htgm spready
[14:24] {dino} juno spike
[14:30] {dino} tbra spike, thin
[14:32] {dino} gotta hop. good luck into the close. see you tomorrow
[14:33] {RonS} cya
01[14:34] {@Threei}  take care dino
[14:35] {dino} ty
01[14:40] {@Threei} Long Setup:  FB  .85 break
01[14:41] {@Threei}  If holds  .75
01[14:55] {@Threei}  no go
01[15:00] {@Threei} Long Setup:  IWM  .50 break
01[15:00] {@Threei}  If holds  .40
01[15:03] {@Threei}  should be time for last hour rally
01[15:16] {@Threei}  nah... no rally
01[15:31] {@Threei} Long Setup:  VXX  .50 break
01[15:31] {@Threei}  If holds  .40
01[15:32] {@Threei}  last try for the day
[15:32] {cosmo} that rally would have started 5 minutes ago if we had a panic today...
01[15:33] {@Threei}  what was 5 min ago?
[15:34] {cosmo} its been awhile for this phenomin
[15:34] {cosmo} phenominin?
[15:34] {cosmo} hmm
01[15:34] {@Threei}  new medicine?
[15:34] {cosmo}'s pre 911 thinking...
01[15:34] {@Threei}  ah
[15:35] {cosmo} mkt may not work that way anymore
01[15:35] {@Threei}  just wondering how 3:27 pm is significant :)
[15:35] {cosmo} its edt
[15:36] {cosmo} 3:30 actually was the expectation for an eod turn around back in the day
[15:37] {cosmo} if there was panic selling all day
[15:38] {cosmo} a 5% selloff
01[15:43] {@Threei}  two hours in narrow range, just chop
01[15:43] {@Threei}  really would like to see some nice breakdown
01[15:44] {@Threei}  like this... and fast furious drop
01[15:45] {@Threei}  kind of, but faster and, ummm, furioser
01[15:45] {@Threei}  Lewis Caroll would be proud of me
[15:46] {cosmo} instead, Franz Kafka is proud of you...
[15:47] {cosmo} us
01[15:47] {@Threei}  I'll take it... just keep Lev Tolstoy away please
01[15:48] {@Threei}  (GR) Euro zone officials say near agreement with Greece on VAT, but pension reforms still an obstacle - press - Creditors worried that Greece may ultimately require a third extension of the current bailout beyond the end of June
01[15:50] {@Threei}  how about this
01[15:50] {@Threei}  nearing low
01[15:50] {@Threei}  one more step down and panic is here
01[15:51] {@Threei}  time becomes an issue though
[15:51] {cosmo} I hope it holds
01[15:52] {@Threei}  lod
01[15:53] {@Threei}  no breakdown...
01[15:53] {@Threei}  oh well
01[15:55] {@Threei}  ok guys, thank you, have a good evening
01[15:55] {@Threei}  see you tomorrow