Thursday, June 18, 2015

June 18 2015

Shaky morning with a few rinses, then picked up the pace and righted the ship. Ended slightly positive, mostly thanks to Greece jitters.

Session Time: Thu Jun 18 00:00:00 2015
[09:08] {RonS} gm
01[09:09] {@Threei}  ron :)
01[09:20] {@Threei}  (GR) Greece Fin Min Varoufakis: To present its proposals to Eurogroup and need to reach effective consensus - France Fin Min Sapin: There is a possibility to advance the dialogue, can converge on discussions- EU's Regling: Ministers did not discuss a plan B for Greece or a Greece default- EU's Dijsselbloem: have not discussed Greece debt swap
01[09:20] {@Threei}  *I know you can't start your morning without dose of Greece drama
01[09:20] {@Threei}  but fear not, I am to the rescue
[09:22] {dino} ty
01[09:22] {@Threei}  my pleasure
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -CRDS +15% (positive development in patent litigation)
01[09:26] {@Threei}  -DGLY +9.2% (positive broker commentary; momentum from strong TASR body camera sales)
01[09:26] {@Threei}  -BMRN +6.8% (BMN 111 improves growth velocity in children with achondroplasia in Phase 2 trial results)
01[09:26] {@Threei}  -PIR +5.8% (earnings)
01[09:26] {@Threei}  -SGYP +5.5% (positive broker commentary following yday's positive Phase 3 plecanatide data)
01[09:26] {@Threei}  -PERI +4.7% (expects Q2 results to meet or exceed prior guidance)
01[09:26] {@Threei}  -KR +4.2% (earnings)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -ONVO -16% (priced $40M offering at $4.25/shr)
01[09:26] {@Threei}  -JBL -7.5% (earnings)
01[09:26] {@Threei}  -ORCL -6% (earnings)
01[09:26] {@Threei}  -NUE -2.2% (earnings)
[09:31] {dino} trip sm s brk .00
01[09:32] {@Threei} Short Setup: FB  .90 break
[09:32] {dino} rdus wow
01[09:32] {@Threei}  Invalidated
01[09:34] {@Threei}  [TRIP] Stifel reiterates Hold rating - Yesterday, TripAdvisor announced an Instant Booking partnership with Marriott International ahead of the seasonally busier 3Q- Firm notes the agreement will allow travelers to book Marriott hotels without leaving TripAdvisors interface and signifies a major step in the rollout of Instant Booking to larger hotel chains
01[09:36] {@Threei} Long Setup:  JPM  .25 break
01[09:36] {@Threei}  If holds  .20
01[09:36] {@Threei}  meh
01[09:38] {@Threei} Long Setup:  JPM  68 break
01[09:38] {@Threei}  If holds  .90
01[09:41] {@Threei}  stop to .94
[09:41] {dino} axs sm l .46, gappy
01[09:41] {@Threei}  meh
[09:45] {dino} out axs .72, +.26
01[09:45] {@Threei}  rinse JPM
[09:46] {dino} out anip calls +1.50 / 33%
01[09:48] {@Threei}  GRUB Seeing put activity 1053 Jul 35 puts trae at $1.40
01[09:50] {@Threei} Short Setup: FB  .40 break
01[09:50] {@Threei}  If holds  .50
01[09:54] {@Threei}  no go
01[09:54] {@Threei}  not my morning
[09:54] {nemo} numbers @10
01[09:59] {@Threei}  *(US) JUN PHILADELPHIA FED BUSINESS OUTLOOK: 15.2 V 8.0E
01[09:59] {@Threei}  *(US) MAY LEADING INDEX: 0.7% V 0.4%E
[10:06] {RonS} dino, ltre  off a report of $320 mil order...
[10:09] {dino} tsu sm s .90
[10:09] {dino} wow ron
[10:11] {RonS} tsu move is off a ubs pimp on brazil telcos
[10:11] {dino} ty
[10:12] {dino} ltre sm s .07
01[10:14] {@Threei}  do I really see $2 stock in play?? :)
[10:15] {dino} \cemp bit crazy
[10:17] {RonS} cemp ttph itci cprx srpt...barrons on-line says the sm bios for next 6 mos...
01[10:18] {@Threei} Long Setup:  VXX  .20 break
01[10:18] {@Threei}  If holds  .15
[10:18] {dino} ron, you are a news machine
[10:21] {dino} cov ltre .95, +.12
[10:21] {RonS} speed reader from being a history major
[10:22] {dino} good at it
[10:22] {dino} played ltre wrong, should have been serious size
[10:26] {dino} tsu stop .11 -.21
01[10:26] {@Threei}  Invalidated
[10:27] {RonS} gs ubs cs have market power on their calls...
[10:28] {dino} seems so
[10:30] {RonS} hele move off a louis navallier buy note
[10:31] {dino} ctrx
[10:35] {RonS} CTRX ..  forecasts that an agreement with UNH  will be finished by Q3 of this year
[10:47] {dino} adms spike
[10:50] {RonS} fit trim
[10:50] {RonS} fit bit?
01[10:51] {@Threei} Long Setup:  FCX  .90 break
01[10:51] {@Threei}  If holds  .80
[11:05] {RonS} esrx big move
[11:07] {dino} l adxs .29
01[11:11] {@Threei}  1:1
01[11:11] {@Threei}  hey, I won one
01[11:12] {@Threei}  proverbial blind squirrell
[11:14] {dino} adxs stopped. frustration incorporated these last two days
01[11:17] {@Threei}  Pope is a climatologist now?
[11:18] {dino} yeah, like the church uses science
[11:21] {dino} asei
[11:21] {cosmo} devine science?
[11:22] {cosmo} ah...define science
[11:23] {RonS} ASEI - Dealreporter .. Talk of considering sale
01[11:23] {@Threei}  science is undefinable
01[11:25] {@Threei}  you don't define science; science defines you
[11:30] {dino} out fcx .99, +.08, ty 3i
01[11:30] {@Threei}  yw
[11:31] {dino} asei s .30
[11:32] {dino} cov half .70, +.60
[11:33] {dino} cov remainder .99, +.31
[11:34] {dino} adxs rinsed, lots of rinses lately
[11:38] {cosmo} 3i:) Exactly...defining the science and then defining the deniers has been the problem
[11:39] {dino} pbfx crazy
[11:42] {dino} pbfx smr s .04 gappy
01[11:45] {@Threei}  define the deniers before deniers define you
[11:47] {cosmo} that can get ya fired, i say...
01[11:48] {@Threei}  Once again we have seen a minor surge of optimism regarding Greece, as there are reports the EU and the ECB were drafting a possible debt relief plan to be used IF Greece and the creditors reach a final deal. However, the chances for a deal are looking highly tenuous and more realistic viewpoints have also been aired.
01[11:48] {@Threei}  IMF Chief Lagarde warned that the payment due from Greece at the end of June was definitive and there would be no grace period or possibility of delay. Austrian Finance Minister Schelling was more direct, saying the game is over, while German CDU MP Krichbaum said Athens is wasting its time.
01[11:49] {@Threei}  11:32 Nasdaq breaks above all time intraday high of 5,132.52, reached on March 10, 2000
[11:50] {dino} wow, took 15 years
[11:50] {RonS} big news...tsla tweet indicates a tesla Hot Wheels...
[11:50] {dino} lol
01[11:50] {@Threei}  what 15 years in face of eternity
[11:50] {RonS} only way Musk gets to his million cars sold...
[11:51] {dino} lol
01[11:53] {@Threei}  Belgium, France and Austria moved tp arrest Russian state assets held in foreign banks
01[11:53] {@Threei}  cool beans
[11:57] {dino} finally a country recognizes the occupation
[12:00] {nemo} TWTR
[12:01] {RonS} TWTR talk they will feature live events
01[12:02] {@Threei}  [TWTR] CNBC: company adding human curators for live events on Periscope video feed
[12:09] {dino} cov pbfx .70, +.34
01[12:10] {@Threei}  wtg
[12:11] {dino} thx
[12:25] {RonS} grek roaming
01[12:26] {@Threei}  lol
01[12:28] {@Threei}  - Creditors to provide final offer to Greece of extending the current rescue program. ECB Pres said to be joining leaders of major euro zone nations in the effort but the IMF would not be involved in the financing for the time being. The IMF could participate later if euro zone members agree to a debt restructuring plan.
[12:30] {nemo} well this explains why the market ran from the open
01[12:33] {@Threei}  I was saying this for weeks
01[12:33] {@Threei}  markets are sure something will get worked out
01[12:37] {@Threei}  1:2  FCX
01[12:51] {@Threei}  (IR) Iran reportedly plans to offer longer and higher profitbility contracts to oil companies assuming economic sanctions are removed - press - Contracts will ask companies to share technology with Iran
01[12:52] {@Threei}  (GR) Follow up: Germany's Merkel, asked about latest press report of new creditor offer to Greece, says she only knows of Greece govt's new proposals, not aware of new media reports - Merkel responding to the earlier German press report that Euro Zone and ECB will offer to extend Greece aid package through year end; IMF not participating.
01[13:01] {@Threei}  (GR) Bundesbank's Thiele: Must be able to ensure Greece can stand on its own now and into the future if it is agreed by creditors to provide help- Members must get their budgets and banking systems in order
[13:02] {RonS} Greeks:  there is order...we need give it to us...
[13:12] {RonS} In regards to that die ziet report earlier .. EU Diplomats report has nothing to do with reality
01[13:15] {@Threei}  lol
01[13:15] {@Threei}  (GR) EU officials deny earlier Germany press reports that creditors would make concessions to Greece allowing program to go through to year end without the IMF
01[13:15] {@Threei}  man
01[13:25] {@Threei} Long Setup:  IWM  .75 break
01[13:25] {@Threei}  If holds  .65
01[13:31] {@Threei}  1:1
01[14:05] {@Threei}  1:2
[14:06] {RonS} good one, like pulling teeth
01[14:07] {@Threei}  yeah
01[14:34] {@Threei}  (GR) Greece Fin Min Varoufakis: New proposals submitted, which, if accepted, would provide and end to the Greece crisis issues; offer was credible - both sides are close as far as fiscal issues
01[14:35] {@Threei}  (GR) EU officials indicate the ECB told the Eurogroup today that it was unclear whether Greece banks would be able to open on Monday
01[14:35] {@Threei}  here goes intimidation
[14:36] {dino} azur drop
01[14:50] {@Threei}  (GR) Portugal Fin Min Albuquerque: Greece did not present any concrete proposals - EMU Fin Min conf post meeting - Belgium Fin Min Overtveldt: Greece proposed 'pretty vague' new ideas
01[14:51] {@Threei}  I am about to start crying
[14:53] {RonS} mso
[14:53] {RonS} wsj reports sequential brands near deal for mso
01[14:56] {@Threei}  halted
01[14:57] {@Threei}  opened again
01[15:05] {@Threei}  wow
01[15:37] {@Threei}  watching VXX for pullback entry
01[15:37] {@Threei}  and hopefully last scalp of the day on closing fear
01[15:38] {@Threei}  (GR) Bank of Greece said to have requested emergency ELA funds - Greek press
01[15:40] {@Threei}  on .05
01[15:40] {@Threei}  in
01[15:40] {@Threei}  stop .99
01[15:40] {@Threei}  EUR/USD Falls about 20pips below $1.1365 following comments from EU's Dijsselbloem stating Greece moving in direction of euro exit (related GREK)
01[15:44] {@Threei}  nice image:
01[15:49] {@Threei}  half out
01[15:55] {@Threei}  out in full with closing scalp
01[15:55] {@Threei}  thank you, have a good evening
01[15:55] {@Threei}  see you tomorrow