Friday, June 12, 2015

June 12 2015

Fifth profitable day in a row, making it a whole week with no single losing day. Not too bad for a slow summer market

Session Time: Fri Jun 12 00:00:00 2015
[09:05] {RonS} gm
01[09:05] {@Threei}  ron :)
[09:13] {dino} gm
01[09:13] {@Threei}  dino :)
01[09:18] {@Threei}  Greece is weighing on market again
[09:21] {Branm} Gm
01[09:21] {@Threei}  branm :)
01[09:22] {@Threei}  Upside:
01[09:22] {@Threei}  -KFY +37% (earnings)
01[09:22] {@Threei}  -ESI +16% (earnings)
01[09:22] {@Threei}  -CALA +11% (reported Phase 1 results for CB-839 in patients with acute leukemias)
01[09:22] {@Threei}  -CDTI +6.5% (entered into a North American purchase & sale agreement with Honda)
01[09:22] {@Threei}  -OCLS +6.4% (earnings)
01[09:22] {@Threei}  -BOBE +5.5% (intends to pursue a strategic transaction for restaurant properties)
01[09:22] {@Threei}  -TNXP +4.2% (presented Phase 2b data from trial of TNX-102)
01[09:22] {@Threei}  -TWTR +3.7% (Costolo stepping down as CEO)
01[09:22] {@Threei}  Downside:
01[09:22] {@Threei}  -LF -18% (earnings)
01[09:22] {@Threei}  -AVEO -17% (FDA update for Tivozanib says that data insufficient to determine appropriateness for proposed Phase 3 study)
01[09:22] {@Threei}  -TRXC -6% (priced offering at $3/shr)
01[09:22] {@Threei}  -FRO -3.5% (filed for $100M mixed shelf)
01[09:22] {@Threei}  -MEIP -3.5% (data from Phase 2 study of Pracinostat and Azacitidine in elderly patients)
01[09:31] {@Threei} Short Setup: FB  41 break
01[09:31] {@Threei}  If holds  .10
[09:31] {nemo} huh?
01[09:31] {@Threei}  grrr
01[09:31] {@Threei}  sorrry, wrong symbol
01[09:31] {@Threei}  never mind
01[09:32] {@Threei} Short Setup: BP  41 break
01[09:32] {@Threei}  two-sided
01[09:34] {@Threei} Short Setup: FCX  .80 break
01[09:34] {@Threei}  If holds  .85
01[09:37] {@Threei}  1:1  BP
01[09:40] {@Threei} Long Setup:  FB  .30 break
01[09:40] {@Threei}  If holds  .20
[09:40] {nemo} wow
01[09:40] {@Threei}  got it on pullback
01[09:41] {@Threei}  1:1
01[09:43] {@Threei}  1:2
01[09:43] {@Threei}  (close enough)
01[09:45] {@Threei}  meh FCX
[09:46] {dino} kfy sm l .70
[09:47] {dino} agio?
01[09:48] {@Threei}  [AGIO] Discloses Positive Update on Phase I trial of AG-120 Agios Pharmaceuticals announced new data from the ongoing Phase 1 study evaluating single agent AG-120
[09:55] {dino} agio vsm l .14
01[09:59] {@Threei} Long Setup:  TWTR  .55 break
01[09:59] {@Threei}  If holds  .45
01[10:03] {@Threei}  Invalidated
[10:04] {dino} agio vwap rejections
[10:08] {dino} out agio 110.54, +1.50
01[10:08] {@Threei}  wtg
[10:08] {dino} ty
[10:08] {dino} got lucky, laid it out
01[10:13] {@Threei} Long Setup:  FB  .90 break
01[10:13] {@Threei}  If holds  .80
01[10:13] {@Threei}  aggressive for 82 break
01[10:13] {@Threei}  which should send it skyrocketing
01[10:14] {@Threei}  1:1
[10:15] {dino} supn spk
01[10:15] {@Threei}  SPY drop holds it back
01[10:15] {@Threei}  better
01[10:17] {@Threei}  1 cent to 1:2
01[10:18] {@Threei}  ugh
[10:18] {RonS} some saying forrest gump is running twtr now...
[10:19] {dino} supn sm s .05 stop hod
01[10:20] {@Threei}  so why is it not running?
[10:20] {RonS} lol...perfect
06[10:20] * @Threei takes a bow
01[10:21] {@Threei}  [TWTR] Incoming interim CEO Dorsey: not changing strategy because we believe new growth avenues we are developing are so promising (like Fabric and Periscope) - CNBC interview - My job is to make sure we continue with our cadence and amplify and accelerate our execution.- Do not see any gaps in our leadership team.
[10:21] {RonS} chatter re HD interested in LL....
[10:26] {dino} cov supn .87, +.18
[10:33] {dino} ron, ll begging to be shorted
01[10:33] {@Threei} Short Setup: BC  .40 break
01[10:33] {@Threei}  too fast
[10:34] {RonS} 30% short interest...dunno
[10:34] {dino} sm s .75
01[10:34] {@Threei} Short Setup: CHRW  .50 break
01[10:34] {@Threei}  grrr
01[10:34] {@Threei}  another fast break
01[10:35] {@Threei}  If holds  .60
[10:37] {dino} ty ron for idea. cov ll .35, +.40
01[10:37] {@Threei}  1:1
01[10:37] {@Threei}  thank goodness for bounce
[10:37] {dino} thank nemo
01[10:38] {@Threei}  what could nemo possibly have to do with goodness?
[10:38] {dino} :)
[10:41] {RonS} retail seems to be heating up in the options... M novs...DECK call spreads...
[10:46] {dino} fall is retails time, imo
[10:52] {RonS} l vlo .75 s/ lod
[11:11] {RonS} 3 in of rain here past 24 hr and still falling...perspective, annual ave is 14 in incl snow...
01[11:11] {@Threei}  wow
[11:12] {RonS} only used the sprinklers once this year...feel like am back in portland...
[11:14] {dino} our weather here is screwed up too. last weeks highs of 55 f (about 25 below normal), today 90 f
[11:14] {nemo} news?
01[11:14] {@Threei}  Greece
01[11:14] {@Threei}  (GR) Greece Govt official reportedly indicates that Greece is now ready to submit counter proposals; representatives to meet with creditors in Brussels tomorrow
[11:20] {dino} blah blah blah greece
[11:25] {RonS} hearing Tilson out saying HD LL rumor the dumbest thing ever...
01[11:39] {@Threei} Short Setup: WFC  57 break
01[11:40] {@Threei}  If holds  .10
[11:46] {dino} ppe kfy out .77, +.07
01[11:48] {@Threei}  I don't know what to say
01[11:49] {@Threei}  .07 for dino feels like miserable failure
[11:49] {dino} ppe=pii poor entry
[11:49] {dino} piss poor entry
01[11:49] {@Threei}  1:1
[11:50] {dino} brb
01[11:58] {@Threei}  1:2
01[12:01] {@Threei}  Greece is teetering on the edge this morning as more reports come out that the EU is beginning to seriously prepare for a possible default event. Overnight, there were press reports that Germany was looking at possible capital controls, while this morning there were headlines suggesting that Eurozone officials are discussing a "plan B," which would involve extending the current bailout with conditions, including aid funding disbursements in tranches.
[12:03] {dino} ugh! i give up on kfy and it jumps .30 after i sell
01[12:04] {@Threei}  told ya... miserable failure
[12:04] {dino} that seems to happen often to me
01[12:05] {@Threei}  centuries and millenias will go by but the shameful memory of this trade will live
[12:05] {dino} lol, the plan was to re-load in the .50s that was the pattern, .50s-.80
[12:06] {dino} sometimes i expect too much from myself
[12:06] {dino} oh well, on to better worlds
01[12:06] {@Threei}  for grandsons of your grandosn it will be stuff of legends... "gather around the fire, kids, I will tell you the trade your grandgrandgrandpa did on KFY..."
01[12:07] {@Threei}  and crying kids will ask "pleasde, no more, we can't cope with this pain"
[12:07] {dino} roflol. and they will be saying; "not again"
01[12:08] {@Threei}  "he was a great man, kids, did many fine trades for us to be proud of, but this one got him, it got him good"
[12:08] {dino} pity me
[12:08] {dino} wow, hadn't realized we are down 150+
01[12:08] {@Threei}  watching JPM for bounce
01[12:11] {@Threei} Long Setup:  JPM  68 break
01[12:23] {@Threei}  1:1
[12:28] {dino} gj
01[12:29] {@Threei}  ty
[12:36] {nemo} BRCM
01[12:38] {@Threei}  (GR) Greece Govt rep reportedly has denied that the EU discussed the possible Greece exit
01[12:38] {@Threei}  they seem to be in constant denial mode - whatever EU says, they immediately deny
01[12:39] {@Threei}  EU: we discuss your exit, Greece - we deny. EU: we discuss your yougurt, Greece: we deny... wait, what?
[12:40] {dino} mplx spike hooker
[12:45] {dino} glob at it again
[12:47] {RonS} eating nyc?
[12:54] {dino} lol, blob right?
[12:56] {RonS} glob...eastern european blob....
01[13:07] {@Threei} Short Setup: MCD  .10 break
01[13:07] {@Threei}  If holds  .20
01[13:47] {@Threei} Long Setup:  FB  .70 break
01[13:47] {@Threei}  If holds  .60
01[13:49] {@Threei}  IPXL Amedra gets FDA approval for albenza chewable tablets
01[13:49] {@Threei}  finally we can chew some albenza!
[13:50] {dino} amba crazy last ten day, up about 30 pts
[14:00] {dino} out agio july calls, +2.00 / 32% from this morning
01[14:00] {@Threei}  wtg
[14:00] {dino} ty
01[14:05] {@Threei}  GOOGL Intends to launch a new Youtube gaming website and app for broadcasting gamplay; will be available in the US and UK mid 2015
[14:22] {nemo} HES two way
01[14:23] {@Threei}  .25 - .30?
[14:23] {nemo} big volume
01[14:27] {@Threei} Short Setup: PM  .60 break
01[14:27] {@Threei}  If holds  .70
[14:28] {dino} scanners barely moving
01[14:30] {@Threei}  yes... but SPY is balancing on the verge of breakdown
[14:32] {dino} lly drop
01[14:32] {@Threei}  good girl SPY
01[14:34] {@Threei}  [LLY] Alzheimer Association patient group reportedly does not intend to provide early data on the upcoming Solanezumab drug - press
01[14:35] {@Threei}  whatever... as long as we can chew Albenza, we need no stinkin' Solanezumab
01[14:35] {@Threei}  covering half MCD
01[14:35] {@Threei}  stop to .16
01[14:35] {@Threei}  takes way too long
01[14:36] {@Threei}  covering half PM too
01[14:41] {@Threei}  1:1  PM
[14:42] {dino} gj
[14:42] {nemo} I can't stay awake
01[14:45] {@Threei}  can't you come up with some contraption.... a stick, a brick tied to the upper end, triggering by your head nod, brick hits you over the head to wake you up? jeez, how hard is that
01[14:45] {@Threei}  or chew some albenza
[14:46] {dino} lol
01[14:46] {@Threei}  side effect of brick idea - your typing will become much gooder
01[14:47] {@Threei}  mine improves with each nod
01[14:47] {@Threei}  I mean impruwez
[14:48] {dino} those "i am rich" commercials got to me. last night i bought a case of miller highlife.
[14:49] {dino} sfly spike
[14:52] {dino} sm s .42
[14:58] {dino} i froze that
01[14:58] {@Threei}  that's talent
[15:00] {dino} yeah, i'm a legend in my own mind
[15:03] {dino} stopped .53, -.11
[15:08] {dino} sfly s trig .50 break
[15:16] {dino} cov sfly .38, +.11 fl
[15:20] {nemo} for a pretty good volume day this has been maddening action
[15:20] {nemo} frickin' Greece
[15:25] {dino} that kfy didn't get much out of that big beat and raise
[15:26] {dino} damn shak, wanted to short it in the 90s, none avail and no puts either
[15:27] {RonS} people figure it is an ag fertilization company...
[15:27] {RonS} ...corn fairy...
[15:28] {dino} ares spike
[15:38] {dino} exas drop
[15:39] {dino} sm l .95
[15:41] {dino} stopped .59 -.36
[15:42] {dino} rinsed
[15:42] {dino} reload .79
[15:49] {dino} out exas .10, +.31
01[15:50] {@Threei}  nice for a finish
[15:50] {dino} calling it a very good week. thx all, enjoy
01[15:50] {@Threei}  very nice here too
01[15:50] {@Threei}  5 positive day
01[15:50] {@Threei}  s
[15:51] {dino} best week of the year for me.
[15:51] {dino} wsame here
[15:51] {dino} 5 up in row
[15:51] {dino} gn