Tuesday, June 23, 2015

June 23 2015

Very slow day with just a few trades, profitable but really boring. One 1:3er practically made whole day

Session Time: Tue Jun 23 00:00:00 2015
[09:14] {RonS} gm
01[09:14] {@Threei}  ron :)
[09:20] {dino} gm
01[09:20] {@Threei}  dino :)
01[09:25] {@Threei}  ese phoned yesterday, said hello
01[09:25] {@Threei}  wife had an injuiry, he is tending to her for the recovery time
[09:25] {nemo} oy
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -GDOT +29% (remaining as Program Manager & Issuing Bank for Walmart MoneyCard)
01[09:26] {@Threei}  -LIVE +6.5% (identified the first target of its acquisition strategy)
01[09:26] {@Threei}  -DRI +5.2% (earnings)
01[09:26] {@Threei}  -BIND +4% (FDA Authorizes First-in-Human Clinical Trial With AstraZeneca's Aurora B Kinase I)
01[09:26] {@Threei}  -MOMO +8.5% (received preliminary going-private offer of $18.90/shr)
01[09:26] {@Threei}  -AMBA +3.6% (positive Mad Money mention & premarket positive broker commentary)
01[09:26] {@Threei}  -NVAX +2% (NB lifted the quarantine at Knox County facility after bird flu found)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -VICL -45% (top-line results from Phase trial of genital herpes vaccine; primary endpoints not reached)
01[09:27] {@Threei}  -MELA -22% (acquired XTRAC and VTRAC businesses from PhotoMedix for $42.5M cash)
01[09:27] {@Threei}  -GLOG -7% (offering 7.5M shares)
01[09:27] {@Threei}  -SONC -5% (earnings)
01[09:27] {@Threei}  -WSR -4% (priced 3.75M shares offering for gross proceeds of $51.6M - implies $13.76/shr)
01[09:27] {@Threei}  -NNBR -3% (announced public offering of 6M shares)
01[09:33] {@Threei} Long Setup:  MCD  .50 break
01[09:33] {@Threei}  If holds  .40
01[09:33] {@Threei}  hmmm
[09:33] {nemo} yep
01[09:34] {@Threei}  1:1, but good luck getting that fill
01[09:35] {@Threei}  1:4, just to fell bad
01[09:35] {@Threei}  feel
[09:36] {nemo} aapl dropping hard
01[09:38] {@Threei} Short Setup: FB  .70 break
01[09:38] {@Threei}  If holds  .80
01[09:40] {@Threei}  two-sided
01[09:42] {@Threei}  1:1
[09:51] {dino} added sonc calls w/time
01[09:51] {@Threei}  1:2
[09:52] {dino} gj
01[09:52] {@Threei}  ty
01[09:52] {@Threei}  MCD irritated me, so got my revenge
01[09:52] {@Threei}  1:3
01[09:52] {@Threei}  put
01[09:52] {@Threei}  out
01[09:55] {@Threei}  too soon
[09:56] {nemo} whadya think about BABA short
[09:56] {nemo} nope
01[09:59] {@Threei}  *(US) JUN RICHMOND FED MANUFACTURING: 6 V 4E
01[10:00] {@Threei}  *(US) MAY NEW HOME SALES: 546K V 523KE
01[10:06] {@Threei}  BLOX Hearing the company is speculated as one of Jim Cramer's picks tonight
01[10:09] {@Threei} Short Setup: PFE  .55 break
01[10:09] {@Threei}  If holds  .60
01[10:18] {@Threei} Long Setup:  MCD  .60 break
01[10:18] {@Threei}  If holds  .50
01[10:19] {@Threei}  Invalidated
01[10:20] {@Threei}  no news
01[10:20] {@Threei}  what's with this drop
01[10:22] {@Threei}  scratching PFE
01[10:22] {@Threei}  not going anywhere
[10:23] {nemo} I got rinsed on a BABA short
[10:24] {dino} sonc sm l .50
[10:27] {nemo} that rinse hurt
[10:27] {dino} hate rinses
[10:28] {nemo} in this market tough to do breakdowns or break outs, need to enter at resistance or support
[10:29] {dino} 07 red
01[10:34] {@Threei} Short Setup: FCX  .90 break
01[10:34] {@Threei}  If holds  20
[10:45] {nemo} everything is so slow
01[10:46] {@Threei}  yes... still not sure where that sharp drp came from
[10:46] {dino} espr sm s .15 ave, wide
[10:57] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[10:59] {RonS} 10k lulu auggies bot
01[11:00] {@Threei}  LULU Seeing call activity- 1500 Sep 70 calls trade at $3.25- 8500 Aug 72.5 calls trade at $1.14
[11:00] {dino} fcx stopped flat
[11:12] {dino} sonc stopped .19 -.31
01[11:13] {@Threei}  The average home price for all of Canada last month skipped 8.1 per cent higher compared to a year ago.
01[11:15] {@Threei}  half out FCX
[11:15] {dino} bubbling
[11:19] {dino} egrx drop
[11:20] {dino} smr l .70
[11:27] {dino} out egrx .78, +1.08
01[11:28] {@Threei}  nice
[11:28] {dino} ty
[11:30] {dino} out espr ave .08, +.93
[11:31] {dino} i see only }1.00 gets your attention
01[11:33] {@Threei}  I am debating
01[11:33] {@Threei}  first thought was, anything under 1.00, I ignore
[11:33] {dino} lol
01[11:34] {@Threei}  second thought was, acknowledge but without much enthusiasm
01[11:41] {@Threei}  FCX slowly but surely working
[11:43] {dino} i should've had more faith in fcx
01[11:43] {@Threei}  yeah, don't know why you rushed for exit
01[11:44] {@Threei}  it often does these long slow walks on the beach
[11:45] {dino} worried about sharks
01[11:47] {@Threei}  it's orcas in our neck of the woods
01[11:48] {@Threei}  man, when these things swim 50 ft from the shore...
[11:52] {dino} monsters
01[11:53] {@Threei}  1:2
[11:58] {dino} takng a break
01[12:07] {@Threei}  This morning the guessing game regarding the chances of the tentative Greek deal has begun, even as many air doubts that the plan's higher taxes and pension contributions could get past domestic Greek opposition. At the most basic level, the program looks like it will extend the current bailout by nine months and may involve the negotiation of a third bailout, valued somewhere around €30 billion.
01[12:07] {@Threei}  Capital controls may or may not be part of the program. Note that the final tranche of the existing bailout would only be enough to meet repayments due to the IMF and ECB through the end of August, with no funds left for September and October.
[12:09] {dino} joke
[12:16] {dino} sonc rinsed
[12:17] {dino} back in 30 or so
01[12:23] {@Threei} Long Setup:  VXX  .25 break
01[12:23] {@Threei}  If holds  .15
[12:58] {dino} .
01[13:02] {@Threei}  .\
01[13:13] {@Threei} Short Setup: MCD  .20 break
01[13:13] {@Threei}  If holds  .30
01[13:30] {@Threei}  interesting... I see no single mention anywhere, as if news gets totally ignored or supressed,
[13:30] {nemo} of what
01[13:30] {@Threei}  but there is a big disturbance in Armenia,
01[13:30] {@Threei}  kind of what happened in Ukraine a year and half ago which started whole chain of events
01[13:30] {@Threei}  anti-Russia movement
01[13:31] {@Threei}  yesterday, about 10K crowd, started growing rapidly after police tried to disperse them by force,
01[13:32] {@Threei}  excat repetition of Maidan events in Kyiv
[13:37] {dino} yelp
01[13:37] {@Threei}  sat on needle, dino?
01[13:37] {@Threei}  (GR) Greece Min of State Pappas: believe the deal with creditors will be approved by parliament and have the people's support
[13:40] {dino} crazy eu, greece will be in default by sept once again
[13:40] {dino} cut your losses
[13:46] {RonS} thinkin it's possibly cheaper for germany to keep the charade going rather than have euro strength with exit and Port, Spain, and Italy follow...the neg effect on their exports would be more...
01[13:47] {@Threei}  that, and one more thing:
[13:47] {dino} true ron, keeps german goods priced arificially low
01[13:48] {@Threei}  during protracted back and forth, difficult negotiations and mutual threats, they have time to manage the attitudes, so they gain more allies in blaming Greece and making it look like unreasonable party
01[13:48] {@Threei}  so if eventually Greece does exit, it happens with different backgroundL Greece against the EU
01[13:48] {@Threei}  instead of initial: each for himself
[13:49] {RonS} ...currency mercantilism...
[13:49] {dino} but the debt already got a 50% haircut and yet they give more. its like supporting a family member that just won't grow up. at some point you must cut them off
[13:50] {dino} how the taxpayers of the other eu countries put up with this is amazing
01[13:51] {@Threei}  that's exactly the result of this protracted negotiations
[13:51] {dino} s mdco .08
01[13:51] {@Threei}  if they tried to do it at once, many countriesd/taxpayers would have revolted
[13:51] {RonS} meaning the purpose of... good analysis
01[13:52] {@Threei}  but as it turned into endless string of fixes/new problems,
01[13:52] {@Threei}  they managed to manage the mood
[13:52] {RonS} and the trips and meals are marvelous...
01[13:52] {@Threei}  there! :)
[13:53] {dino} lol
[13:53] {dino} must be nice to be important
01[13:53] {@Threei}  saving Greece turned into full time job for many people for many years
01[13:54] {@Threei}  why would you ever want to give that up
[13:54] {dino} cov mdco .98, +.10
[13:55] {dino} not to mention, greece is a very nice excuse for the rest of the eu's problems
[13:56] {dino} i'm noticing that i have to trade more full lots this summer to get where i need to go
[14:04] {dino} back in 20
[14:32] {dino} .
[14:33] {dino} also noticing i am typing to myself
01[14:34] {@Threei}  not really
01[14:34] {@Threei}  but we consipre to make you think so
01[14:35] {@Threei}  behind the scene we pm each other "don't answer so he thinks we ignore him"
[14:36] {dino} lol
01[15:00] {@Threei}  (IR) Iran Supreme Leader Khamenei reiterates that inspections of military sites are out of the question in any nuclear deal with the P5+1 powers - Note: Negotiators within the P5+1 have claimed that inspections were a key tenet of any deal
[15:15] {dino} classic obummre
01[15:16] {@Threei}  yeah
[15:17] {dino} he'll sign a deal but not inspect the military places where bomb work happens
[15:19] {dino} alny drop
01[15:25] {@Threei} Long Setup:  DAL  .12 break
01[15:25] {@Threei}  If holds  .05
[15:30] {dino} kite drop
01[15:30] {@Threei}  no wind?
01[15:44] {@Threei}  dead market till the end
[15:45] {dino} yeah, just trying to stay awake
01[15:45] {@Threei}  resistance is futile
[15:46] {dino} you will be assimulated
01[15:46] {@Threei}  :)
[15:49] {dino} stdy spike
[15:51] {dino} stdy not avail, wanted s at .50, lets see what happens
[15:52] {dino} whoa ptlc
[15:56] {dino} stdy would have been hard to cover into close
01[15:56] {@Threei}  OK... time's run out
01[15:57] {@Threei}  have a good evening, see you tomorrow'
[15:57] {dino} u2, gn all, decent morning