Monday, June 22, 2015

June 22 2015

Scalps and stops balanced each other out while two larger wins (longs on DAL and MCD) provided profits for the day

Session Time: Mon Jun 22 00:00:00 2015
[09:07] {RonS} gm
01[09:07] {@Threei}  ron :)
[09:18] {_skatuka} hello there
01[09:19] {@Threei}  morning skatuka
[09:19] {_skatuka}  morning Threei
01[09:20] {@Threei}  where is dino, I have a few headlines for his Greece cravings
[09:22] {nemo} DAX up over 3%...this might be one of those gap and naps
01[09:22] {@Threei}  unless new developments follow
01[09:23] {@Threei}  remember how it happens when it comes down to the wire
01[09:23] {@Threei}  he said, she said, he denied, she confirmed
[09:23] {nemo} yeah, but Greece blinked
01[09:23] {@Threei}  they all did
01[09:24] {@Threei}  - ECB said to have raised emergency funding (ELA) for Greece banking sector; no amount specified - financial press
01[09:24] {@Threei}  - EU's Moscovici: Latest proposal from Greece is moving in the right direction; deal is possible later today
01[09:24] {@Threei}  now, for comic relief:
01[09:24] {@Threei}  - Greece govt said to have accidentally sent wrong documents to bailout monitors
01[09:24] {@Threei}  - Greece official denied speculation of sending wrong proposal to EU
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -STRN +62% (being acquired by Hach Co. affiliate for $8.50/shr)
01[09:26] {@Threei}  -CNIT +16% (received prelim non-binding going-private offer for $4.43/shr)
01[09:26] {@Threei}  -EPZM +15% (positive data in Phase 1 study of Tazemetostat)
01[09:26] {@Threei}  -CI +7.5% (rejects Anthem proposal as inadequate and not in best interests of CI shareholders)
01[09:26] {@Threei}  -ISSI +7.3% (Cypress raised offer to $22.25/shr)
01[09:26] {@Threei}  -KITE +4% (entered strategic collaboration with BLUE for TCR Cell Therapy Products)
01[09:26] {@Threei}  -TEDU +3.9% (KKR acquiring 6.8M common shares for $70M)
01[09:26] {@Threei}  -VMC +3.8% (no news seen)
01[09:26] {@Threei}  -AAL +3.5% (positive Barrons mention for airlines; DAL/JBLU/LUV/UAL all also up 1-3%)
01[09:26] {@Threei}  -LOCM +3.3% (no news seen)
01[09:26] {@Threei}  -CCL +3% (positive broker commentary)
01[09:26] {@Threei}  -HUM +2.8% (momentum from CI rejecting Anthem offer)
01[09:26] {@Threei}  -AET +2.5% (momentum from CI/ATHM deal)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -ZIOP -9.4% (negative broker commentary)
01[09:26] {@Threei}  -AMBA -3.2% (momentum from negative GPRO comments last week)
[09:29] {dino} gm
01[09:29] {@Threei}  dino :)
01[09:30] {@Threei} Long Setup:  DAL  .75 break
01[09:30] {@Threei}  If holds  .65
01[09:31] {@Threei}  1:1
01[09:31] {@Threei}  1:2
01[09:32] {@Threei}  out in full
01[09:34] {@Threei} Long Setup:  VXX  .80 break
01[09:34] {@Threei}  If holds  .75
01[09:34] {@Threei}  Invalidated
[09:34] {nemo} don't think VXX will be much fun today
[09:36] {dino} sold amba 120 puts from friday, this morning, +3.00 / 27%
01[09:36] {@Threei}  wtg
[09:36] {dino} ty
[09:37] {nemo} AMBA news?
[09:37] {dino} downgraded friday
[09:38] {nemo} so it's down 10%
[09:38] {nemo} on frickin' uptick rule
01[09:38] {@Threei}  [09:26] {@Threei} -AMBA -3.2% (momentum from negative GPRO comments last week)
01[09:41] {@Threei}  VXX got away
01[09:44] {@Threei}  AMAT Seeing early call activity1000 Jul 20 calls trade at $0.46
01[09:44] {@Threei} Long Setup:  TWTR  .55 breaj
01[09:44] {@Threei}  If holds  .45
01[09:47] {@Threei}  Invalidated
[09:49] {dino} syna?
01[09:50] {@Threei}  09:05 [SYNA] JPMorgan Removes from Analyst Focus List; Reiterates Overweight rating, price target $112 - following YTD appreciation in shar eprice and proximity to firm's price target and in part owing to the overhang presented by the possibility that Apple, a 10% plus customer, may move to an in-house TDDI solution in 2016
[09:50] {dino} ty
[09:51] {dino} out flxs from fri, 43.16
[09:51] {dino} +1.50
01[09:52] {@Threei}  brave hold
[09:52] {dino} luck
01[09:54] {@Threei} Long Setup:  CAT  88 break
01[09:54] {@Threei}  If holds  .90
[09:58] {RonS} rdus pop off cramer appearance tonight
[09:59] {dino} wpz sm l .02
01[09:59] {@Threei}  *(US) MAY EXISTING HOME SALES: 5.35M V 5.28ME
01[09:59] {@Threei}  10:00 *(EU) EURO ZONE JUN ADVANCE CONSUMER CONFIDENCE: -5.6 V -5.8E
[09:59] {dino} stopped .80 -.22
01[10:02] {@Threei}  trail CAT to .94
01[10:02] {@Threei}  takes way too long
01[10:03] {@Threei} Short Setup: FCX  .50 break
01[10:03] {@Threei}  If holds  .60
01[10:05] {@Threei}  Invalidated
01[10:05] {@Threei}  1:1  CAT
[10:05] {nemo} cat with a .03 spread, whooda' thunk
[10:06] {RonS} Exclusive: Greek econ minister Stathakis tells me government heads communique to say outline of Greek deal agreed, subject to technical work - ROBERT PESTON
[10:06] {RonS} guy is w/ the BBC
[10:06] {dino} ete sm l .61
01[10:08] {@Threei}  (GR) EU's Juncker: Aiming to reach a deal with Greece this week, reaching deal will not be easy
01[10:10] {@Threei} Long Setup:  MCD  .35 break
01[10:10] {@Threei}  If holds  .25
01[10:15] {@Threei}  (GR) ECB reportedly raises ELA ceiling for Greece to €87.8B from €84.1B last week
[10:19] {dino} stele stopped .40 -.21
[10:20] {dino} ele, typo
[10:20] {dino} geeze, ete sorry
[10:21] {dino} f#ck, rinsed and then some
[10:21] {cosmo} ELA?
[10:21] {RonS} rinsed, now you can be sorry...
01[10:21] {@Threei}  emergency liquidity assistance
[10:22] {cosmo} k
[10:22] {dino} rinsed to death last 5 days
[10:22] {RonS} replacing all of the deposits that have been pulled...
01[10:23] {@Threei}  $1B withdrawal just last day
01[10:23] {@Threei}  surprised they still haven't installed capital controls
01[10:25] {@Threei} Long Setup:  FB  84 break
01[10:25] {@Threei}  If holds  .90
01[10:31] {@Threei}  move your butt MCD
01[10:31] {@Threei}  I understand it's heavy from all the burgers
[10:32] {dino} ete sm l .02
01[10:34] {@Threei}  1:1  MCD
01[10:34] {@Threei}  no go FB
01[10:47] {@Threei}  1:2
01[10:56] {@Threei}  1:3
01[10:56] {@Threei}  out'
[10:59] {dino} atls drop
01[11:06] {@Threei}  too soon
01[11:06] {@Threei}  burger had more in it
[11:07] {nemo} look at the hourly
01[11:07] {@Threei}  I don't want to
01[11:07] {@Threei}  it might make me think
01[11:07] {@Threei}  and I hate that
[11:08] {dino} arp drop
01[11:08] {@Threei}  (GR) EU's Dombrovskis: Greece proposals appear closely aligned with the institutions offer; discussing whether the proposals will add up - EU feels there are better solutions, but the Greece proposals did include VAT and pension adjustments- Working to attain a deal this week
[11:12] {RonS} amba slamba
01[11:13] {@Threei}  great... ron regressed to 14 years old humor
01[11:14] {@Threei}  btw, there is another layers to this: in russian, amba is slang for 'ending badly"
[11:15] {dino} arp l .70 trig
[11:16] {dino} sold those amba puts about 8 bucks too soon
[11:17] {RonS} lol... Summer trading is like watching a GoPro video of a guy riding a molasses glacier.
[11:17] {dino} lol
01[11:18] {@Threei}  {molasses glacier} yay... I won over growing grass and drying paint
01[11:28] {@Threei}  The emergency Eurozone summit came and went without a deal, although there was talk the Greek government was making concessions on moving the retirement age to 67 and increasing the VAT tax on certain items. The Eurogroup's Dijsselbloem called the proposals a step in the right direction and confirmed there will be an EU leaders' summit later today. With money flowing out of the Greek financial system, the ECB raised the ELA ceiling to €87.8B from €84.1B
[11:34] {RonS} deja vu all over again
[11:35] {dino} nobody goes there anymore, its too crowded
01[11:35] {@Threei}  where?
[11:36] {dino} yogi
01[11:36] {@Threei}  I just could never figure out where "there" ias... I'd be there in a heartbeat
[11:38] {RonS} the original quote came when someone asked Yogi if he was going to xyz restaurant... "nobody goes there any is too busy...
01[11:39] {@Threei}  :)
[11:39] {cosmo} lines are too long...good reason not to go
[11:40] {RonS} many ascribe "it ain't over 'til it's over" to Yogi...actually a quote of another colorful mlb manager:  Leo Durocher
[11:43] {dino} out ete .42,
[11:43] {dino} +.40
[11:44] {RonS} lol, my dad was wondering if they were ever going to ban players scratching themselves in order to speed up the response... well, think how much chewing tobacco was such a part of the game... and it got banned...
01[11:45] {@Threei}  lol
[11:49] {dino} arp stop to .81, brb
[11:59] {dino} out arp +.11
01[12:01] {@Threei}  (GR) German Finance Ministry Official: Greece parliament must pass measures in order to get more aid - German lawmakers could vote on measures in accelerated process
[12:12] {dino} agio luv
[12:27] {dino} viix sm l .85
[12:28] {RonS} classic:  Greece is like the NBA. You really only need to watch the last five minutes.
01[12:28] {@Threei}  lol
[12:31] {RonS} wow, Speith is only 21?
[12:36] {dino} yeah, pretty cool
[12:49] {dino} ete sm l .95
01[13:05] {@Threei} Long Setup:  IWM  .60 break
01[13:05] {@Threei}  If holds  .50
01[13:14] {@Threei}  no go
[13:17] {dino} ete stopped .64, -.31
01[13:28] {@Threei}  SPY formed inverted C&H
01[13:46] {@Threei}  be bacl in 30
[13:47] {dino} htgm drop
[13:47] {dino} pgnx spike
[13:49] {dino} in htgm ave .73
[13:49] {dino} pgnx looks toppy
[14:00] {dino} ete rinsed
[14:02] {dino} pgnx s .82
[14:06] {dino} out htgm .84, +.10 bugger to get out of
01[14:11] {@Threei}  back
[14:21] {dino} cov pgnx .71 +.11
[14:22] {dino} no fear in markets
01[14:24] {@Threei}  nah, the deal will be done per market's opinion
[14:26] {dino} ete crazy pulper. moves .60 in seconds, 65.40-66
01[14:29] {@Threei}  PGNX... too soon
[14:30] {dino} bummer
[14:47] {RonS} oops
01[14:47] {@Threei}  lol
01[14:51] {@Threei}  frikin IWM
01[14:51] {@Threei}  rinsed
[14:54] {dino} lots of rinses this june.
[14:57] {dino} if i remember correctly, in feb greece issue was resolved and next day markets dropped big
01[14:59] {@Threei}  yes but this time it's resolved resolveder
01[15:00] {@Threei}  maybe not resolvedest yet but still
[15:00] {dino} gut says sell the news
[15:00] {RonS} needed a re-set for the next run-up into the next Greek crisis
01[15:01] {@Threei}  time for some little panic
01[15:01] {@Threei}  not much but to shake the tree
01[15:03] {@Threei} Long Setup:  VXX  .50 break
01[15:03] {@Threei}  If holds  .43
[15:12] {RonS} $lake trying to erupt over ebola back in sierra leone
[15:12] {dino} tegp
01[15:15] {@Threei}  (GR) ECB's Draghi reportedly provided assurances to Greece that its banking sector would be safe while Greece is on the program - press
[15:17] {dino} tegp sm s .05
01[15:29] {@Threei}  SPY... time to die. Little H&S on 1 min, should be enough to send it to day's low
01[15:29] {@Threei}  needs to lose .90
[15:34] {dino} cov tegp .00, +.04, stuck
[15:40] {dino} damn, i quit on them, then they work
[15:42] {dino} hig
[15:43] {dino} sm s .92
01[15:44] {@Threei}  should be bouncing here
[15:45] {dino} cov hig .77, +.15
01[15:45] {@Threei}  don't see news still
[15:46] {RonS} amba more pain
01[15:49] {@Threei}  HIG .65 break long
01[15:49] {@Threei}  If holds  .55
01[15:51] {@Threei}  come on, short covering?
01[15:53] {@Threei}  to .59
[15:55] {dino} calling it a day, thx all
01[15:55] {@Threei}  take care dino
[15:55] {dino} u2 buddy
01[15:55] {@Threei}  go HIG
01[15:55] {@Threei}  run
01[15:55] {@Threei}  fky
01[15:55] {@Threei}  fly too
01[15:58] {@Threei}  OK, out with scalp
01[15:58] {@Threei}  thank you guys, see you tomorrow