Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Greece Endgame in Sight, Fed Stays Dovish
Fri, 19 Jun 2015 16:11 PM EST

Global markets were seen approaching or crossing key thresholds this week. At Wednesday's post rate decision press conference, Fed Chair Yellen said conditions were still not ripe for starting rate hikes, citing continued labor market slack and weakness in wages. Fed dovishness help propel stocks higher and the Nasdaq closed at a new all-time high of 5,143 on Thursday, finally topping the all-time high set on March 10th, 2000 at the height of the dot com bubble. Greece and its creditors remained at an impasse, failing to bring any new ideas to a meeting of European financial ministers on Thursday. An emergency summit of euro zone leaders on Monday appears to be the last chance to change the course of events flowing toward a Greek default. In Asia, both the Shanghai and Shenzhen stock markets fell into correction territory, as liquidity concerns pummeled the markets after regulators again scolded brokers about excessive margin trading. Even as China sank, US stocks had their best week in two months: the DJIA added 0.6%, the S&P500 rose 0.7%, and the Nasdaq gained 1.3%.

The Fed statement on Wednesday was updated to acknowledge economic activity has expanded moderately, the pace of job gains picked up, underutilization of labor resources diminished, moderate spending growth, and stabilization in energy prices. But on the key issue, there was no change: inflation continued to run below target. In March, the dot chart gave a sense that the Fed would tighten by at least 50 bps in 2015 and quite possibly more. The updated projections showed more members were now anticipating only one 25 bps hike this year, though some still see one or two in addition to that. Chair Yellen explained that conditions have not yet been met for a rate hike, and urged Fed watchers to focus more on the shape of the rate policy cycle than on when rate liftoff occurs. After the policy statement, Goldman Sachs said it now believes the Fed will wait until December to raise interest rates, pushing back its forecast for rate liftoff by three months.

Pessimism regarding the final act of the Greece bailout drama waxed and waned this week, with passing headlines about possible imminent deals outweighed by more material statements from officials on both sides that the game was just about over. June 30th is the unavoidable deadline, and IMF Chief Lagarde warned that the payment due at that time was definitive and there would be no grace period or possibility of delay, while Greek officials confirmed there was no money in the till to make the payment. After no progress was made at the Eurogroup meeting on Thursday, a summit of euro zone leaders was hastily arranged for next Monday to give Athens one last chance to submit concrete concessions. As much as €3.2 billion leaked out of the Greek banking system this week, shrinking total deposits to around €125 billion, even as the ECB doled out two ELA hikes to prop up Greece's financial system through Monday.

EUR/USD was notably less volatile in the first half of the week, with the pair mostly confined in a 1.1200-1300 range. The more dovish tone in the Fed decision sent EUR/USD higher, with the pair around the 1.1400-1.1440 area on Thursday, then lower through week's end. Bond market volatility also cooled off considerably, with much tighter ranges seen in yields.

There were contrasting June regional Fed manufacturing reports. The New York Fed's Empire index unexpectedly dropped into negative territory (-1.9 v +3.1 m/m) and saw weak new orders (-2.1 v +3.9 m/m). Meanwhile the Philadelphia Fed's index more than doubled (15.2 v 6.7 m/m) and new orders rose to their highest level since November 2014 (15.2 v 4.0 m/m). The Commerce Department's May industrial production saw a slightly m/m contraction, while the April data was revised to a steeper contraction. The May CPI data was a bit softer than expected, with lower food and energy prices responsible for much of the weakness. The shortfall in the monthly increase resulted in an unchanged y/y reading.

May housing starts declined somewhat from the seven-year highs seen in the April numbers. Meanwhile, the May building permits rose to an eight-year high, topping the April figures by 12% or so. Most of the surprise was in the volatile multi-family component, where permits rose to a 25-year high of 592K, largely reflecting a doubling y/y in the Northeast region. Single-family permits were only up 2.6% y/y, just shy of the cycle high of 685K seen in December.

Bank of America/Merrill Lynch released a report this week that shed more light on the great bond selloff. The report showed bond funds suffered about $10.3 billion outflows last week, the largest redemptions in about two years. During the same period, equity funds saw $10.8 billion inflows, the largest in three months. The report also reminded readers that over the past six years, bond funds have enjoyed $1.2 trillion inflows compared to only $573 billion to equity funds.

Shipping giant FedEx and database powerhouse Oracle both disclosed disappointing fourth-quarter results this week. Earnings and revenue from both firms missed consensus expectations, and FedEx's initial FY16 outlook also fell flat. On the conference call, FedEx executives warned they see first quarter growth lower than consensus. Oracle blamed FX pain for its miss, but continued to highlight the strong growth in its cloud computing business.

In M&A news, Standard Pacific Corp and Ryland Group announced a merger of equals in a $5.2B deal. Botox maker Allergan agreed to buy Kythera Biopharmaceuticals for about $2.1 billion, getting its hands on Kythera's double chin treatment. CVS Health reached a deal to acquire and operate 1,660 in-store Target pharmacies for just under $2B. Medical device manufacturer Hill-Rom Holdings acquired diagnostic and patient monitoring device maker Welch Allyn for $2.0 billion.

The massive year-to-date surge in Chinese stocks was blunted this week, as the Shanghai Composite gave up 13%, the index's biggest weekly slump since 2008, and thrusting it into a technical correction in a matter of days. Shares sold off in the absence of any significant data to set the tone and on concerns that equities may have gone too-far-too-fast as regulators reiterated concerns about excessive margin trading. The selloff was also partly attributed to a rise in money market rates to two-month highs amid demand for a raft of upcoming IPOs.

June 19 2015

Not overly active but profitable day to finish the uneven week. Closing short on TWTR helped to cement the day.


Session Time: Fri Jun 19 00:00:00 2015
[09:04] {dino} gm
01[09:05] {@Threei}  dino )
[09:12] {RonS} gm
[09:12] {RonS} MAC continues weakness following yesterday AH talk of a 5.7million spot scecondary being shopped by C
01[09:12] {@Threei}  ron :)
01[09:16] {@Threei}  just so you don't feel Greece-deprived:
01[09:16] {@Threei}  - Greece banking sector said to have seen deposit outflows of over €1.0B on Thursday; up to €3.0B this week
01[09:16] {@Threei}  - Greece Central Bank confirmed its stability of its banking system
01[09:16] {@Threei}  - Greece PM Tsipras: Emergency summit on Monday is a positive development; reiterated optimism that a solution would be found. Says those betting on a crisis would be proven wrong; a solution would enable Greece to return to growth
01[09:16] {@Threei}  second line is especially adorable
[09:21] {dino} 18,200, pattern is short the dji around here
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -AMCN +42% (r'cvd preliminary going-private proposal valued at $6/shr)
01[09:25] {@Threei}  -CAG +5% (statement on Jana investment)
01[09:25] {@Threei}  -LIVE +4.7% (guided FY15 to be a record year for the company)
01[09:25] {@Threei}  -KBH +3.3% (earnings)
01[09:25] {@Threei}  -NFLX +1/3% (positive broker commentary)
01[09:25] {@Threei}  -REXX +1.2% (announced sale of Keystone Clearwater Solutions)
01[09:25] {@Threei}  -HNR +16% ($32M funding)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -HWAY -23% (lowered FY15 guidance)
01[09:25] {@Threei}  -TKMR -15% (update on TKM-Ebola-Guinea)
01[09:25] {@Threei}  -MAC -7.3% (weakness attributed to 5.7M share spot secondary)
01[09:25] {@Threei}  -ZOES -5.8% (CFO resignation; negative broker commentary)
01[09:25] {@Threei}  -SWHC -3.7% (earnings)
01[09:25] {@Threei}  -FNSR -3.6% (earnings)
01[09:25] {@Threei}  -HSY -2.4% (cut FY15 guidance)
[09:26] {nemo} SPY went ex-div and had a beauty of a bear flag this premarket
01[09:26] {@Threei}  9:11 - 9:18?
[09:27] {nemo} 8:30 my time
[09:27] {nemo} still going
[09:27] {nemo} have to watch IVV today
01[09:38] {@Threei} Long Setup:  FB  .70 break
01[09:38] {@Threei}  If holds  .60
01[09:39] {@Threei}  valid still
01[09:39] {@Threei}  change to .65 break
01[09:40] {@Threei}  Invalidated
[09:45] {dino} mtsi sm s .01
01[09:49] {@Threei} Long Setup:  FB  .60 break
01[09:49] {@Threei}  If holds  .50
01[09:54] {@Threei}  no go
[09:55] {dino} ntsi stuck, bs to flat
[09:55] {dino} \
01[09:58] {@Threei}  rinse
[10:00] {nemo} Quad witching with Greece in suspense
01[10:01] {@Threei} Long Setup:  TWTR  .55 break
01[10:01] {@Threei}  If holds  .45
01[10:05] {@Threei}  1:1
[10:05] {dino} fslr sm l .57
[10:08] {nemo} twtr should close gap
01[10:10] {@Threei}  1:2
[10:16] {dino} amba vsm s .01
[10:18] {dino} cov amba .10, +.91
01[10:18] {@Threei}  1:4
01[10:18] {@Threei}  out
[10:18] {dino} gj
01[10:18] {@Threei}  ty
01[10:22] {@Threei}  (GR) EMU said to be in support of deposit insurance assuming Greece exits the EMU - Germany press - Proposals from the EMU reportedly are for a joint deposit insurance program in aims to assist savers in the case of a Grexit
01[10:24] {@Threei} Short Setup: TWTR  36 break
01[10:25] {@Threei}  If holds  .05
[10:26] {dino} mtsi sm s .25, gappy
[10:27] {dino} seems they are prepared for grexit
01[10:27] {@Threei}  it was a scare for so long that eventually fear dissipated
01[10:28] {@Threei}  and everyone decided, horrible end is better than endless horror
[10:31] {dino} think you are right 3i
[10:34] {dino} cov mtsi .00, +.25
[10:47] {dino} fslr stopped .23, -.34
01[10:58] {@Threei}  GR) Greece banking system deposit outflows today said to have reached €1.2B - financial press **Note:- Greece banking sector said to have seen deposit outflows of over €1.0B on Thursday, Jun 18th with outflows for Monday-Thursday might have hit about €3B- The next scheduled Emergency Liquidity Assistance (ELA) meeting had been for next Wed (Jun 24th)
01[11:04] {@Threei} Short Setup: MCD  .80 break
01[11:04] {@Threei}  If holds  .90
[11:09] {dino} mac sm l .00
01[11:09] {@Threei}  US) Congressional Budget Office (CBO) releases Budgetary and Economic Effects of Repealing the Affordable Care Act
01[11:10] {@Threei}  I reread their conclusions twice by now, I still don't understand it
[11:10] {dino} out mac .30, +.30
01[11:10] {@Threei}  if you want, I can post it, see if you can make the ends in it
[11:11] {dino} i don't care to read it
01[11:11] {@Threei}  I wish I adopted that stance 5 min ago
01[11:12] {@Threei}  who is going to refund me these 5 minutes of my life
[11:12] {RonS} pass here too
01[11:12] {@Threei}  suuure... be all wise now that I took all the hit on myself and warned you...
[11:12] {RonS} lol
01[11:14] {@Threei}  it takes special mastery, to string words together so that each separate one makes sense, but the sense of it all is like sand through your fingers, just impossible to grasp
[11:14] {RonS} the CBO's track record is sub 10% on these kinds of reports...they use static analysis...so it's always pure bullshit
01[11:14] {@Threei}  and highly politicized I am sure
[11:14] {dino} indeed
[11:15] {RonS} didn't used to be but for the last 20 years it has been corrupted...
01[11:16] {@Threei}  what hasn't
[11:16] {RonS} ya
01[11:16] {@Threei}  even my favorite ice cream has
01[11:17] {@Threei}  "nostalgia is not what it used to be"
[11:18] {RonS} "i've been emotionally constipated for weeks... just haven't given a shit about anything..."
01[11:18] {@Threei}  rofl
[11:19] {dino} flxs drop, hooker
01[11:20] {@Threei}  this is my favorite gif, ron, view it till the end of progress bar:
01[11:20] {@Threei}  http://rs189.pbsrc.com/albums/z231/remyxthakid/1damn-process.gif~c200
[11:24] {nemo} aapl looks short here
[11:24] {nemo} everything so slow though, safer to short at VWAP
01[11:35] {@Threei}  I have a feeling end of day should be interesting
[11:36] {dino} hope so, right now its just thin random moves
[11:37] {RonS} BMY - European Commission Approves Bristol-Myers' Opdivo (nivolumab), the First and Only PD-1 Checkpoint Inhibitor Approved in Europe, for Both First-Line and Previously-Treated Advanced Melanoma Patients
[11:42] {dino} amba blood
01[11:43] {@Threei}  AMBA Citron Research makes cautious comments, $60 price target
[11:49] {dino} the thing went straight up from 80s about 10 days ago
[11:56] {dino} flxs vsm l .18
[12:07] {dino} added amba puts
[12:10] {dino} scai spike
[12:14] {dino} sage drop
01[12:37] {@Threei}  The final act in the Greece bailout drama is about to get under way, as all signs point toward default as soon as Monday. There was a momentary lapse of optimism that sent European stocks to their highs, however most of the gains evaporated as more realistic assessments hit the tape.
01[12:37] {@Threei}  do notice how hard I am working to keep your Greece addiction alive and well
[12:38] {dino} well done
06[12:38] * @Threei takes a bow
01[12:38] {@Threei}  what are we going to do when that's over...
01[12:38] {@Threei}  let's just hope there is contagion {G}
[12:38] {dino} worry about spain
01[12:39] {@Threei}  yup
01[12:39] {@Threei}  although I have to say, I am torn on this matter now
01[12:39] {@Threei}  a few years ago I was firmly for EU tp break down
01[12:39] {@Threei}  these days, it would be too much of s gift to Puting
01[12:39] {@Threei}  -g
[12:40] {nemo} http://goo.gl/ND2v8M
[12:41] {nemo} thought her boobs were too big on GOT on that walk
01[12:48] {@Threei}  that was power walk
01[12:48] {@Threei}  (see what I did there?)
01[13:00] {@Threei}  [SMSI] Ticking higher on circulation of takeover chatter - MSFT rumored as potential suitor given its attempts to roll out Microsofot Wifi to hotspots
[13:12] {RonS} appropriately flxs does make sleepers... sleep sofas
[13:15] {dino} lol
[13:15] {dino} looks like it fell out of bed
[13:15] {RonS} lol
[13:16] {RonS} used to sell those things...heavier than hell...uses blue steel flex slats for cushioning...lasts forever
[13:19] {dino} yeah, moved a few of those in my time
[13:19] {dino} they come in handy for a guest
01[13:21] {@Threei}  only if they are uncomfortable as hell
[13:21] {dino} lol
01[13:21] {@Threei}  helps shorten guest's time in your hpuse
[13:24] {dino} i got it
[13:24] {nemo} TWTR
01[13:24] {@Threei}  thinking .20 break nemo?
[13:39] {dino} 3i, what route are you using lately? edgx seems slow
01[13:45] {@Threei}  BATS
01[13:49] {@Threei}  seems to be the most predictable and fast lately
01[13:49] {@Threei}  ARCA sometimes behaves weirdly
[14:22] {dino} markets dropping
01[14:22] {@Threei}  wow
01[14:24] {@Threei}  no actual news anywhere
01[14:40] {@Threei}  Radio Liberty: Russia threatens tit-for-tat response to European asset inquiries
01[14:40] {@Threei}  that's providing they still have any tit left by then
[14:50] {dino} triv sp[ike
[14:52] {dino} s .10 ave
01[14:52] {@Threei}  (PT) Portugal Fin Min: Portugal has a cash cushion in its public finances through the mid portion of 2016 - Don't know what will happen with Greece, euro zone can't impose a solution on Tsipras govt
[14:53] {dino} wow cov 6.30, +.80 fl
01[14:53] {@Threei}  wtg
01[14:54] {@Threei}  facinating to watch these plays of yours
01[14:54] {@Threei}  +s
[14:54] {dino} that kind of day, just thin random spikes
[14:54] {dino} lots of sitting and waiting
[14:55] {dino} look at that triv chart
[14:56] {dino} going to hold my dia puts over the weekend
[14:56] {dino} amba's too
01[14:56] {@Threei}  and what if they resolve whole Greece? :)
[14:56] {dino} i have 30 days on dia, 60 on amba
01[14:56] {@Threei}  ah, ok
[14:57] {dino} still say patern continues sell 18,200- buy 17,700
[14:57] {dino} hawk spike
[14:59] {dino} cmpr drop
[14:59] {dino} hey, bats is faster, you were right
01[15:01] {@Threei}  :)
02[15:01] * Disconnected
Session Close: Fri Jun 19 15:01:32 2015

Session Start: Fri Jun 19 15:01:32 2015
Session Ident: #discussions
02[15:03] * Attempting to rejoin channel #discussions
03[15:03] * Rejoined channel #discussions
01[15:03] {Threei}  grrr
[15:04] {dino} rrrg
01[15:05] {Threei}  great... dino regresses to about 14 years old
[15:05] {dino} bored
01[15:05] {Threei}  as if 15 years old nemo was not enough
[15:05] {dino} wish i was 14 years old
[15:06] {dino} chicked out on hawk short and cmpr long, both worked
01[15:07] {Threei}  16-17 rather, let the dating bacchanalia begin in earnets
[15:07] {dino} yeah, they were good times
[15:08] {dino} son heading to nc state in august. i told him college girls are the hottest you'll ever meet. lucky guy, 28,000 students
01[15:08] {Threei}  this time I'd be smarter and never let that redhead get away...
[15:10] {dino} hmmm
[15:11] {dino} mxim spike, frgi too
[15:13] {RonS} TXN held talks to buy MXIM late last year but discussions broke off
[15:20] {cosmo} so is this mkt positioning for whether or not Greek banks open Mon?
01[15:20] {Threei}  sounds this way, yes
01[15:21] {Threei} Short Setup: TWTR  .85 break
01[15:21] {Threei}  If holds  .95
01[15:33] {Threei}  stop to .91
01[15:34] {Threei}  no news again
01[15:42] {Threei}  1:1
01[15:43] {Threei}  1:2
[15:44] {dino} gj
01[15:44] {Threei}  ty
01[15:46] {Threei}  ok guys, closing on this
01[15:46] {Threei}  have a great weekend
01[15:46] {Threei}  see you Monday
[15:46] {dino} calling it a strange, but profittable day. thx all
01[15:46] {Threei}  you too Greece
[15:48] {dino} dplo spike
[15:48] {nemo} twtr not straying too far from vwap
01[15:48] {Threei}  DPLO Acquires Burman's Specialty Pharmacy for $72.8M in cash and $10M in stock
[15:48] {nemo} and shorts are covering in the indexes
01[15:50] {Threei}  still bets on resolution

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
[12:21] {RonS} GREECE AID TO BE EXTENDED UNTIL YR-END W/O IMF: DIE ZEIT
[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 money...you 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: https://scontent-sea1-1.xx.fbcdn.net/hphotos-xft1/v/t1.0-9/11412448_10204182055142992_8736241689280602605_n.jpg?oh=4a7a3f052f1d999e041f36137a9db357&oe=55F3B161
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

June 17 2015

Better day, finishing positive. Expected more readable plays today though, this unreadable up and down after FOMC announcement stole a lot of opportunities 

Session Time: Wed Jun 17 00:00:00 2015
[08:57] {dino} gm
01[08:58] {@Threei}  dino :)
[09:07] {RonS} gm
01[09:07] {@Threei}  ron :)
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  -SGYP +47% (data for plecanatide Phase 3 trial met endpoints)
01[09:24] {@Threei}  -KYTH +23% (AGN buying company for $75/shr, $2.1B total)
01[09:24] {@Threei}  -QIHU +9% (received buy-out offer from CEO Hongyi Zhou worth $77/shr)
01[09:24] {@Threei}  -TMUS +1.6% (speculation that CMCSA interested in the company)
01[09:24] {@Threei}  -CELG +1.3% (disclosed additional $4B repurchase authorization)
01[09:24] {@Threei}  -BOBE +5% (earnings)
01[09:24] {@Threei}  -YY +4.7% (more Chinese ADR buyouts)
01[09:24] {@Threei}  Downside:
01[09:24] {@Threei}  -RCPI -19% (entered $3.7M registered direct offering)
01[09:24] {@Threei}  -DTEA -14% (earnings)
01[09:24] {@Threei}  -LZB -4.3% (earnings)
01[09:24] {@Threei}  -FDX -2.4% (earnings)
01[09:33] {@Threei} Long Setup:  VXX  .50 break
01[09:34] {@Threei}  If holds  .45
01[09:35] {@Threei}  Invalidated
01[09:35] {@Threei} Short Setup: FB  82 break
01[09:35] {@Threei}  If holds  .10
01[09:37] {@Threei}  1:1
01[09:39] {@Threei}  1:2
[09:44] {dino} jmei sm s .07
[09:45] {dino} bs is hod
01[09:50] {@Threei} Short Setup: FB  .80 break
01[09:51] {@Threei}  If holds  .90
[09:52] {dino} cdk sm s .19
01[09:53] {@Threei}  1:1
[09:55] {dino} midd smr s .90
01[09:56] {@Threei}  oh biy, spread
01[09:56] {@Threei}  MIDD :)
[10:02] {dino} midd stopp
[10:02] {dino} .35
01[10:13] {@Threei} Short Setup: TWTR  .60 break
01[10:13] {@Threei}  If holds  .70
[10:14] {dino} xon spike
01[10:15] {@Threei}  Invalidated
01[10:15] {@Threei}  (GR) Germany Foreign Min: Greece not expected to present any new proposals on Thursday at Eurogroup, time is running out for Greece
[10:15] {dino} sm s .02
01[10:15] {@Threei}  [UBER.IPO] California Labor Commission rules that Uber drivers are employees
[10:21] {dino} xon stopped .35 -.33
[10:22] {dino} frustration day
[10:24] {dino} rinsed
[10:25] {dino} shop spike
[10:29] {nemo} FED day
01[10:37] {@Threei} Short Setup: FB  82 break
[10:41] {RonS} deo pop
[10:44] {RonS} hearing lvmh may buy deo's % of moet hennessy
[10:45] {dino} deo smr l .73
01[10:48] {@Threei}  [MC.FR] LVMH said to consider buying Diageo's 34% Moet Hennessy stake; prior agreement would allow the repurchase at a discount amounting to 20%
[10:51] {dino} deo stopped
[10:58] {dino} coc cdk .85, +.34
[10:58] {RonS} hearing ms has gone restricted on twtr...speculation they may be representing a possible bidder...
01[10:58] {@Threei}  TWTR Hearing vague takeover chatter circulating- emanates from speculation that the shares could have gone restricted at Morgan Stanley
[11:00] {dino} twtr sm l .68 stop lod
01[11:01] {@Threei}  (GR) Greece Govt official indicates Greece will make concessions but not on pensions; confirms will not have money for IMF payment without a deal with creditors - press - Deal must be economically viable- calls for bonds held at ECB to be transferred to the ESM
[11:01] {RonS} ha, now ms saying not restricted on twtr...
[11:03] {dino} wtf
[11:06] {dino} sstk sm l .99
[11:19] {dino} cov jmei .91, +.18
[11:22] {dino} out sstk .32 ave +.33
[11:23] {dino} rinsed deo too
[11:30] {dino} xon sm s .54
[11:31] {dino} cov xon .24, +.30
01[11:36] {@Threei}  1:2  FB
01[11:36] {@Threei}  out
01[11:38] {@Threei}  Greece seemed to slide further toward default today, as various Eurozone officials began admitting even more openly that their governments were preparing contingencies for Grexit, while EU officials talked about how effective capital controls were during the Cyprus emergency. For his part, PM Tsipras said his government would still offer a big no to a bad agreement and reiterates that further pension cuts are not possible. Other Greek officials confirmed that absent a last minute deal, there was no money to pay the IMF at the end of June.
[11:38] {dino} xon sm s .11
[11:47] {dino} cov xon .85, +.26
[11:48] {dino} finally back in the black, tough morning
01[11:48] {@Threei}  wtg
01[11:48] {@Threei}  http://higherperspectives.com/hell/
01[12:08] {@Threei}  (GR) ECB said to raise ELA ceiling from €83B to €84.1B
[13:01] {nemo} sheesh...didn't think we'd have this kinda' action today...must be raising rates
01[13:05] {@Threei}  nah
01[13:07] {@Threei} Long Setup:  MCD  .65 break
01[13:07] {@Threei}  If holds  .60
[13:07] {dino} w/strong dollar, doubt any raise soon. plus greece chaos
01[13:11] {@Threei}  right
06[13:21] * @Threei kicks burger in the rear
[13:24] {dino} trip spike
[13:27] {dino} trip sm s .09
01[13:30] {@Threei}  (US) Preview: FOMC rate decision to be released at 14:00ET; Fed economic forecast at 14:00ET; Yellen press conf at 14:30ET Though the Fed has removed the last of its calendar based guidance and indicated that any future meeting is now "live" for a possible rate hike, rate liftoff is not expected in today's policy announcement. Economic data has only just started to rebound from the anemic Q1 numbers, and most analysts now see the September meeting as the likely timeframe for the Fed's first rate hike. It seems highly unlikely that the Fed would spring a surprise rate hike on the markets today after spending years talking about transparency.
01[13:33] {@Threei}  half out MCD
[13:36] {dino} trip stopped
[13:42] {dino} trip sm s .65
[13:47] {dino} stopped again
01[13:54] {@Threei}  1/4 more out MCD
[13:55] {nemo} FED
01[14:00] {@Threei}  *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%: INFLATION CONTINUES TO RUN BELOW TARGET; ENERGY PRICES APPEAR TO HAVE STABILIZED - Vote: 10-0
01[14:01] {@Threei}  eeck
01[14:01] {@Threei}  market did the weirdest cha-cha-cha I've seen since flash crash
01[14:03] {@Threei}  Fed Rate Path Forecast: 15 officials see first hike in 2015 (15 prior); 2 see first hike in 2016 (2 prior)
01[14:04] {@Threei}  so how is it anything new and exciting?
[14:06] {dino} time to go down
01[14:08] {@Threei}  one more spike, IMO
[14:09] {nemo} try for stops above today's highs perhaps
[14:09] {nemo} 90% of the time highs and lows on FOMC day are made AFTER 2:00 pm
01[14:18] {@Threei} Long Setup:  MCD  .10 break
01[14:19] {@Threei}  If holds  95
01[14:20] {@Threei}  Invalidated
[14:21] {dino} vxx l .70
[14:39] {dino}  vxx stop .58, -.12
01[14:48] {@Threei}  to the moon alice
[14:48] {nemo} .65 gap fill
01[14:54] {@Threei}  FB... break of fail
01[14:57] {@Threei}  If holds  .10
01[14:57] {@Threei} Short Setup: FB  82 break
01[15:03] {@Threei}  die already, will ya
[15:04] {nemo} not going down with the market
01[15:06] {@Threei}  (US) Fed Chair Yellen: Have to be cautious about starting too early or too late on liftoff - Q&A - Reiterates timing of first rate hike is less than important than overall trajectory of rate policy over time- Committee will look at a wide variety of data in making decision on when lift off is appropriate; there is no simple formula; reiterates still looking for more progress on labor market and there has been some progress on inflation
01[15:07] {@Threei}  it didn't go up with market earlier, and move up was much larger
01[15:12] {@Threei}  stop to .06
01[15:15] {@Threei}  meh
01[15:20] {@Threei} Long Setup:  IWM  .50 break
01[15:20] {@Threei}  If holds  .40
01[15:25] {@Threei}  HTZ Seeing call activity4600 Jul 21 calls trade at $0.70
01[15:31] {@Threei}  no go
01[15:32] {@Threei}  USD extending decline across the board; EUR/USD rises above $1.1350 (1-week high)
01[15:34] {@Threei}  [EW] FDA approves Sapien 3 artificial heart valve
01[15:35] {@Threei}  man... dino'd have a field day with this one
01[15:36] {@Threei}  a dollar drop in one breathe
01[15:38] {@Threei}  2
01[15:40] {@Threei}  ok guys, thank you, have a good evening
01[15:40] {@Threei}  see you tomorrow

June 16 2015

Back and forth, a few wins, a few stops. Choppy day ending slightly negative.


Session Time: Tue Jun 16 00:00:00 2015
[08:52] {dino} gm 3i
01[08:52] {@Threei}  dino :)
[09:05] {RonS} gm
01[09:06] {@Threei}  ron :)
01[09:21] {@Threei}  Upside:
01[09:21] {@Threei}  -AERI +44% (positive FDA feedback for Rhopressa)
01[09:21] {@Threei}  -COTY +15% (close to deal to buy three P&G Business for about $12B)
01[09:21] {@Threei}  -GBSN +11% (granted European patent protection)
01[09:21] {@Threei}  -XOMA +5.4% (no news seen; call activity)
01[09:21] {@Threei}  -JAKK +3% (authorized to purchase up to $30M of outstanding common stock)
01[09:21] {@Threei}  -SUNE +2.3% (acquired Continuum Wind Energy in India)
01[09:21] {@Threei}  -HRTX +2% (initiated Phase 2 trial of HTX-011)
01[09:21] {@Threei}  Downside:
01[09:21] {@Threei}  -AAVL -49% (bad data for Lucentis)
01[09:21] {@Threei}  -CAPL -8% (hearing 4.6M shares secondary priced at $31.45/shr)
01[09:33] {@Threei} Short Setup: FB  81 break
01[09:34] {@Threei}  If holds  .10
01[09:37] {@Threei}  1:1
[09:37] {dino} mei drop
[09:44] {dino} nbix spike
01[09:46] {@Threei} Long Setup:  IWM  .95 break
01[09:46] {@Threei}  Invalidated
[09:50] {RonS} cag spike w/ 10k jul calls bot
01[09:52] {@Threei} Long Setup:  FB  .55 break
01[09:52] {@Threei}  If holds  .45
[09:53] {dino} cag hl s .71
01[09:55] {@Threei}  1:1
01[10:09] {@Threei} Long Setup:  MCD  .45 break
01[10:09] {@Threei}  If holds  .35
01[10:10] {@Threei}  Invalidated
01[10:11] {@Threei}  YOKU Chinese blog speculates that Alibaba could make a takeover bid as part of BABA's growing video content strategy
[10:13] {dino} i speculate that it will rain today
01[10:13] {@Threei}  not here for sure
[10:14] {dino} ;)
01[10:15] {@Threei}  was thinking of VXX .10 entry...
01[10:15] {@Threei}  grrrr
[10:19] {dino} adms spike
01[10:19] {@Threei} Long Setup:  IWM  .60 break
01[10:19] {@Threei}  If holds  .50
01[10:25] {@Threei}  half out
01[10:25] {@Threei}  stop .59
[10:29] {RonS} cag call selling...good sign if still short dino
[10:30] {dino} rmti spk
[10:30] {RonS} that chart is insane
[10:36] {dino} still short
[10:37] {dino} bs is .86
[10:44] {dino} cag .51 tough support
[10:47] {RonS} bcrx getting hit re neg article saying influenza drug cause a prob i can't spell...
[10:48] {RonS} thrombocytopenia
01[10:48] {@Threei}  if you can't spell a problem, there is no problem
[10:48] {dino} sstk drop
01[10:48] {@Threei}  it's a rule
01[10:49] {@Threei} Short Setup: FB  .70 break
01[10:49] {@Threei}  If holds  .80
01[10:49] {@Threei}  thrombocytopenia - sounds like something nemo says instead of good morning
[10:49] {RonS} jesus, that report was orig published in 2014...bcrx
01[10:50] {@Threei}  lol
[10:50] {RonS} only to his girlfriend trying to get laid...
[10:50] {dino} shop spike
01[10:50] {@Threei}  2014;53(20):2369-71. Epub 2014 Oct 15.
01[10:50] {@Threei}  http://www.ncbi.nlm.nih.gov/pubmed/25318805
[10:51] {RonS} casinos popping mgm lvs
01[10:51] {@Threei}  and yes, ron:
01[10:51] {@Threei}  The thrombocytopenia slowly responded to treatment with oral prednisolone.
[10:52] {dino} sstk sm l .60
01[10:52] {@Threei}  [MGM] Tracinda's Kirk Kerkorian has reportedly passed away - press Kerkorian was the founder and largest holder in MGM Resorts.
[10:55] {dino} cag cov .53, +.17, ty ron for idea
[10:57] {dino} fdx drop
[10:57] {RonS} ups too
[10:58] {RonS} something w/ amzn...crowdsourcing delivery program... wtf is that?
[10:58] {RonS} "mulling"
[10:58] {dino} smr l fdx .66
[11:00] {dino} thx
01[11:00] {@Threei}  [AMZN] AMZN Reportedly considering a delivery program that is crowdsourced; would pay retailers to store packages and would pay people to deliver them
[11:01] {dino} out fdx .60, +1.00
[11:01] {RonS} gj
01[11:01] {@Threei}  nice
[11:02] {dino} ty
[11:07] {dino} cdk
[11:10] {dino} cdk sm s .36
[11:10] {RonS} cdk announces "transformation plan to strengthen business and enhance long term value"
01[11:12] {@Threei}  TWTR Notes expanded video features
[11:12] {RonS} some SA short is long cntf...pimping it w/ an article
[11:13] {dino} cdk, just bs letter
[11:16] {dino} cdk sm s .56
01[11:22] {@Threei} Short Setup: TWTR  .65 break
01[11:23] {@Threei}  If holds  75
01[11:28] {@Threei}  much slower day than yesterday
[11:28] {nemo} they're going back to vwap
[11:28] {nemo} FED tomorrow, Greece Thursday
[11:29] {RonS} Greece every day...
01[11:30] {@Threei}  lol
01[11:30] {@Threei}  'twas time of greece...
01[11:31] {@Threei}  greece was shining, 'twas shining bright
01[11:31] {@Threei}  no go TWTR
[11:31] {nemo} jumped my stop
[11:31] {RonS} whilst 3i was hoping twas bacon greece...
01[11:32] {@Threei}  only =cause there is no greek scotch
01[11:38] {@Threei} Long Setup:  FB  .15 break
01[11:38] {@Threei}  If holds  .05
01[11:55] {@Threei}  no go
01[11:55] {@Threei}  Greece is again the central concern for global markets this morning, with ominous tones heard in the rhetoric on both sides. PM Tsipras was claiming that Greece's creditors want to humiliate it and the ECB was insisting on asphyxiating Athens over recent months.
01[11:55] {@Threei}  While Chancellor Merkel diplomatically said that Europe would do everything in its power to keep Greece in the Eurozone, Finland PM Sipila warned that the possibility of Greece default was discussed at the EU summit last weekend, while EU Commissioner Dombrovskis said he "wouldn't elaborate" on contingency planning on Greece (more or less confirming that a Plan B is in the works).
[11:55] {RonS} EU'S JUNCKER SAYS HAS HAD NO CONTACT WITH GREEK GOVT SINCE SUNDAY BECAUSE NEGOTIATIONS GOING NOWHERE
[11:56] {RonS} bet i know what juncker drives...
01[11:56] {@Threei}  hugo?
[11:56] {nemo} Yugo
[12:01] {RonS} hearing talk of a greek haircut now inevitable due to Trump tv appearance...
[12:02] {cosmo} Greece likes his hair?
01[12:02] {@Threei}  if it does, that alone is enough to throw them out of EU
01[12:03] {@Threei}  and of the whole continent
01[12:03] {@Threei}  and of the face of earth
[12:03] {cosmo} hmm...go out in style
01[12:03] {@Threei}  and trump is what, honorable member of Elect Hillary Committee?
[12:04] {cosmo} non-partisan
[12:04] {dino} no way
01[12:04] {@Threei}  I have this bad feeling, dino...
[12:05] {dino} he's republican
01[12:05] {@Threei}  yes
01[12:06] {@Threei}  and his running is working for hillary more than for anything else
[12:06] {dino} no, primaries will take care of that
01[12:06] {@Threei}  there is no frikin way he will be taken seriously
[12:07] {dino} he won't run imo
01[12:07] {@Threei}  yes but if primaries turn into clown wagon, it taints whole republican field
[12:09] {dino} hate to say it vad, but media is in love w/hillary. unless something big/bad comes out on her, this election is already over
01[12:10] {@Threei}  that's exactly my baf feeling mentioned above...
01[12:10] {@Threei}  bad
[12:10] {RonS} barf too
01[12:10] {@Threei}  true
[12:10] {dino} in media eyes, she is a saint and somehow deserves it
01[12:10] {@Threei}  Freud
[12:11] {cosmo} she has more skeletons than Forrest Lawn
[12:11] {cosmo} the list is waiting
[12:11] {dino} agreed cosmo, but media gives her a free pass
01[12:11] {@Threei}  yes, and they all will be ignored
[12:11] {cosmo} sigh
[12:12] {dino} her time in state dept was a complete failure. world fell apart on her watch
01[12:12] {@Threei}  just as media ignored everything there was to look at with Obama
[12:12] {dino} yes. 90% of media is so liberal, they refuse to report the truth
[12:13] {dino} not to mention, bruce jenner bgets more air time. usa is a mess
01[12:14] {@Threei}  well, I'd put it this way:
[12:14] {dino} lol, maybe bruce will run, since they luv him so much
01[12:14] {@Threei}  whole world is a mess, USA just used to be less of that
01[12:21] {@Threei} Long Setup:  MCD  .45 break
01[12:21] {@Threei}  If holds  .35
[12:37] {nemo} .22 level in facebook
01[12:37] {@Threei}  trail to .39
01[13:00] {@Threei}  half out .53
01[13:00] {@Threei}  stop .44
[13:13] {dino} cdk just can't break under the 56
[13:14] {dino} finally
[13:16] {RonS} blackstone and carlyle to buy ncr... dbd sympathy move
01[13:41] {@Threei} Long Setup:  TWTR  34 break
01[13:41] {@Threei}  If holds  .90
[14:02] {dino} cov cdk .00, +1.56
01[14:05] {@Threei}  wtg
01[14:07] {@Threei}  let's scratch TWTR
01[14:07] {@Threei}  doesn't look like going anywhere
01[14:11] {@Threei}  EBAY PE firms said to be interested in its enterprise unit valued at up to $1.5B, sale could come within weeks
[14:12] {dino} sstk sm l .01 ave
[14:22] {dino} out sstk .33, +.32
01[14:22] {@Threei}  looks too soon to me...
[14:23] {dino} it was
[14:23] {dino} need to work on that
01[14:48] {@Threei}  [TWTR] FBN's Gasparino: banking sources say Twitter would be open to a potential sale to large internet firm like Google or Facebook
01[14:48] {@Threei}  mother...
01[14:58] {@Threei} Short Setup: TWTR  .75 break
01[14:58] {@Threei}  If holds  .85
01[15:01] {@Threei}  no go
01[15:15] {@Threei} Short Setup: FB  .15 break
01[15:15] {@Threei}  If holds  .25
01[15:33] {@Threei}  Invalidated
01[15:33] {@Threei}  annoying day
01[15:33] {@Threei}  nothing like yesterday
01[15:33] {@Threei}  which was beautiful
01[15:33] {@Threei}  can I live in yesterday?
01[15:34] {@Threei}  every day
[15:35] {dino} same thoughts here
01[15:35] {@Threei}  groundhog day had right idea
01[15:37] {@Threei}  OK guys, if I hated whole day, I am not likely to love last 20 min
01[15:37] {@Threei}  let's have a good evening, and start anew tomorrow
[15:40] {dino} gn

June 15 2015

Very nice day as Greece jitters provided us with nice volatility. FB 1:3, MCD 1:2, and more of such, on both sides made for a nicely profitable day.


Session Time: Mon Jun 15 00:00:00 2015
[08:53] {dino} gm 3i
01[08:54] {@Threei}  dino :)
[09:11] {RonS} gm
[09:11] {cosmo} so far
01[09:11] {@Threei}  ron :)
01[09:12] {@Threei}  can you believe this, Greece thingy seems to be finally exploding
01[09:12] {@Threei}  imploding?
[09:13] {RonS} tsiping into darkness?
01[09:13] {@Threei}  tsirping
[09:13] {cosmo} is it time for helicopter money yet?
[09:13] {RonS} +r _r...it's all greek to me...
[09:14] {RonS} -
01[09:14] {@Threei}  not really cosmo, they can't fuel that helicopter anymore
[09:15] {cosmo} sigh
[09:17] {cosmo} sell the parthenon?
[09:17] {cosmo} nah
01[09:18] {@Threei}  to whom?
01[09:18] {@Threei}  at their rate of vborrowing, it's already not theirs to sell
[09:19] {cosmo} plus....the parthenon needs a lot of work
01[09:20] {@Threei}  low curb appeal?
[09:22] {cosmo} exactly
01[09:25] {@Threei}  Raven is off for 3 weeks
[09:29] {cosmo} he's got to fly south this year...
[09:29] {cosmo} for the summer that is
01[09:32] {@Threei} Short Setup: FB  .65 break
01[09:32] {@Threei}  If holds  .75
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
[09:34] {dino} we've been bouncing 17700s, lets see if patern continues
01[09:34] {@Threei}  1:3
01[09:37] {@Threei} Short Setup: GLD  .25 break
01[09:37] {@Threei}  If holds  .35
01[09:44] {@Threei}  no go
[09:47] {dino} added agio calls
01[09:47] {@Threei} Long Setup:  VXX  .80 break
01[09:47] {@Threei}  If holds  .75
[09:51] {dino} shop spike
01[09:52] {@Threei}  Upside:
01[09:52] {@Threei}  -TRAK +60% (receives offer from Cox Automotive worth $63.25/shr)
01[09:52] {@Threei}  -RDHL +30% (successfully met primary endpoint in Phase 3 study of RHB-105)
01[09:52] {@Threei}  -BLUE +5% (momentum from positive data on HGB-205 released at EHA on Saturday)
01[09:52] {@Threei}  -SPF +3.5% (merger of equals with RYL)
01[09:52] {@Threei}  -RYL +2% (merger of equals with SPF)
01[09:52] {@Threei}  -NQ +2% (named Roland Wu CFO effective immediately)
01[09:53] {@Threei}  Downside:
01[09:53] {@Threei}  -NBG -16.5% (continued Greece instability)
01[09:53] {@Threei}  -CLLS -6.5% (momentum from ZIOP takeover target rumor)
01[09:53] {@Threei}  -NFLX -1.5% (BABA launching competitor service in China)
[09:59] {nemo} SLB looks short
01[10:00] {@Threei}  *(US) JUN NAHB HOUSING MARKET INDEX: 59 V 56E
01[10:00] {@Threei} Long Setup:  MCD  .40 break
01[10:01] {@Threei}  1:1
01[10:03] {@Threei}  1:2
01[10:12] {@Threei} Short Setup: DAL  .68 break
01[10:12] {@Threei}  If holds  .75
[10:16] {RonS} Z rumor googl in talks to buy 120-135...
01[10:19] {@Threei} Short Setup: TWTR  .30 break
01[10:19] {@Threei}  If holds  .40
01[10:20] {@Threei}  Invalidated
01[10:22] {@Threei}  meh DAL
01[10:25] {@Threei}  rinse
01[10:29] {@Threei} Long Setup:  FB  .35 break
01[10:29] {@Threei}  If holds  .25
[10:30] {dino} shop sm s .90
01[10:35] {@Threei}  no go
[10:43] {dino} cov shop .80, +1.00
01[10:43] {@Threei}  wtg
[10:43] {dino} opps, +1.10
[10:45] {dino} back in 30
01[11:01] {@Threei}  (UK) BOE's Forbes: most channels for Greek contagion are manageable, financial institutions could handle contagio better than before
01[11:09] {@Threei} Long Setup:  MCD  .45 break
01[11:09] {@Threei}  If holds  .35
01[11:10] {@Threei}  1:1
01[11:15] {@Threei}  1:2
01[11:19] {@Threei}  So far this year, 25% more homes have been sold in Victoria than by this time last year.
01[11:19] {@Threei}  The dollar value of those sales is up nearly 30%.
01[11:20] {@Threei}  bubble seems to be starting
01[11:24] {@Threei}  at what % gain do I sell mine...
[11:25] {RonS} and do what after?
[11:26] {dino} .
01[11:27] {@Threei}  rent and wait for a crash?
[11:27] {dino} its not a bad idea
01[11:27] {@Threei}  or don't even wait, just retire on insane gain from the sale, lol
[11:27] {RonS} rents are up more here than house prices...
01[11:28] {@Threei}  not here
01[11:28] {@Threei}  and even where they are, math works anyway
01[11:28] {@Threei}  Vancouver for instance
01[11:28] {@Threei}  know guys who sell their houses at 2.5 mil
01[11:29] {@Threei}  pocket about 2.2 vs their purchase price
01[11:29] {@Threei}  even at very high current rental rates they can practically live on this money for the rest of their lives
01[11:33] {@Threei}  and to me, they sell too soon
[11:45] {nemo} AIG news?
01[11:48] {@Threei}  AIG Court finds that there are no damages to be awarded related to the bailout; finds against Greenberg's Starr International - press
01[11:59] {@Threei}  nice run
[12:01] {dino} healthcare popping
01[12:02] {@Threei}  CI halt
01[12:03] {@Threei}  AIG Court finds that there are no damages to be awarded related to the bailout; finds against Greenberg's Starr International
[12:06] {dino} ci spike
[12:06] {dino} news?
01[12:06] {@Threei}  CI Anthem reportedly made a bid for the company which was turned down at around $175/shr
[12:07] {dino} ten spike
01[12:10] {@Threei} Short Setup: PRU  .80 break
01[12:11] {@Threei}  If holds  .90
01[12:26] {@Threei}  1:1
01[12:52] {@Threei} Short Setup: MCD  .50 break
01[12:52] {@Threei}  If holds  .60
01[13:01] {@Threei} Long Setup:  VXX  .67 break
01[13:01] {@Threei}  If holds  .62
01[13:01] {@Threei}  OCD trade
[13:01] {nemo} huh?
01[13:01] {@Threei}  ?
[13:02] {nemo} OCD?
01[13:02] {@Threei}  this exact numbers?
[13:02] {nemo} ahhh
01[13:02] {@Threei}  obsessive-compulsive disorder?
01[13:06] {@Threei}  1:1  MCD
01[13:06] {@Threei}  (close enough for lunch time)
01[13:22] {@Threei}  good boy MCD
01[13:22] {@Threei}  die more
01[13:23] {@Threei}  1:2
01[13:30] {@Threei}  1:1  VXX
01[13:33] {@Threei}  closjng MCD +.27
01[13:35] {@Threei}  nemo, you sure you haven't happened to take a swim at North Carolina beach earlier?
01[13:35] {@Threei}  and feel unusually hungry?
[13:35] {nemo} ha ha
01[13:36] {@Threei}  or should I say, hungry as usual
[13:37] {dino} 3rd bite in a week there. thats only 5 miles from my golf condo
01[13:38] {@Threei}  and they were only waste-deep
01[13:38] {@Threei}  waist
[13:38] {dino} very unusual
[13:39] {dino} over memorial weekend they had a gator walking down the beach at sunset beach
01[13:43] {@Threei}  1:2  VXX
01[13:44] {@Threei}  so what's next? rain of frogs?
[13:44] {dino} sure
[13:50] {dino} agio smr l .99
01[13:51] {@Threei}  (GR) Countries in the EMU have come to an agreement over an emergency plan regarding Greece; prepared capital controls - germany press
[14:03] {dino} aet spike
[14:04] {dino} asnd spike thin
[14:06] {dino} hum drop
[14:15] {dino} aet smr s .42
[14:17] {dino} cov aet .90, +.52
01[14:22] {@Threei}  wtg
[14:23] {dino} ty
[14:30] {dino} out agio .84, +.85
[14:38] {dino} wow, should've held agio, went another buck
01[14:43] {@Threei}  YOU: I murdered someone.
01[14:43] {@Threei}  YOUR DOG: I'm totally cool with that. I love you.
01[14:43] {@Threei}  YOU: I murdered someone.
01[14:43] {@Threei}  YOUR CAT: So? So did I.
[14:57] {dino} gotta hop. was a pretty good day. gn all
[14:57] {dino} qure spike
01[15:18] {@Threei}  (GR) Greece Govt official reportedly denies earlier Germany press reports that Greece may be subjected to capital controls as part of a plan that results from any failure to come to an agreement in the upcoming weekend - press - Follow up: Germany Govt official notes they cannot confirm the earlier press reports
01[15:22] {@Threei}  markwt is utterly confused
01[15:41] {@Threei}  watching IWM for long on pullback to .80
01[15:41] {@Threei}  about the only thing that makes sense to me here
01[15:46] {@Threei}  no pullback
01[15:46] {@Threei}  time's running out for a meaningful play
01[15:46] {@Threei}  great day as it is
01[15:46] {@Threei}  thank you, have a good evening
01[15:46] {@Threei}  see you tomorrow

Market Week Wrap-up

TradeTheNews.com Markets Climb a Greece'd Pole
Fri, 12 Jun 2015 16:06 PM EST

Hopes for a final Greece deal rose and then slid back again this week, talking equities, FX and bonds along for the ride. The feeling that a deal was imminent plus solid advanced retail sales and job openings data in the US generated positive sentiment for most of the week. But hopes for a Greek deal were dashed on Thursday as the two sides couldn't overcome the final political roadblocks and negotiators left Brussels to regroup. Chinese stocks continued to run up, walking the Goldie Locks path between good-enough data and hopes for more stimulus efforts. Central banks in South Korea and New Zealand threw more logs on the fire with fresh rate cuts. Bonds remained volatile all week, with most benchmark government bond yields surging to YTD highs on Wednesday. For the week, the DJIA added 0.3%, the S&P500 edged up 0.1%, and the Nasdaq fell 0.3%.

The May US retail sales bounced much higher from April's dismal showing. Total retail sales increased 1.2% in May after an upwardly revised 0.2% gain in April. March sales were also revised higher, to 1.5% from 1.1% prior. The revisions to the March retail sales number suggest that the Q1 GDP could be revised up again in the third and final reading, while Q2 GDP could be stronger than expected. The JOLTS survey showed that job opening soared to an all-time record high in April, widely topping expectations and surging above March's rate. The quits rate, which is seen as an indicator of employee confidence, fell slightly in April to 1.9% from 2% in March.

Greece's European creditors applied maximum pressure this week to reach an agreement, but even that seems not to have been enough. Reports indicated that EU Commission's Juncker, Chancellor Merkel and President Hollande came very close to a final deal with Greek PM Tsipras midweek, but political resistance from Tsipras's Syriza party apparently derailed the agreement. On Thursday the IMF left negotiations and said that technical discussions on Greece bailout had halted after failing to make any progress, with major differences remaining unsolved. Meanwhile, the ECB raised its ELA ceiling for Greek banks to $83B from €80.7B prior, a notably large increase, but there was also speculation that the ECB was preparing to raise collateral requirements for Greek banks as soon as next week. Multiple press reports made the rounds on Friday that creditor nations were preparing for the potential of a Greek default, including possible capital controls.

The continuing bond selloff peaked on Wednesday morning, with the 10-year bund and UST yields rising to fresh eight-month highs, with the bund yield pushing above 1.0% and the UST coming within a few basis points of 2.5%. Ten-year gilt and JGB yields hit seven-month highs. The yield on the benchmark US Treasury note touched 2.493% and the bund peaked at 1.058% before both fell lower through week's end. Plenty of supply was one catalyst, as the US Treasury held sizable 3-, 10- and 30-year auctions, and there was another modest helping of corporate issuance to get through as well. Prices rebounded late in the week helped by consternation over Greece and potentially early positioning ahead of next week's FOMC meeting. The 10-year Bund yield dropped some 20+ basis points from earlier highs to finish the week below 0.85% while the US 10-year fell back below 2.4%.

There were two notable instances of verbal intervention by political leaders this week. After last weekend's G7 meeting in Germany, an unnamed French official said that President Obama had told G7 leaders he was worried by the strength of the dollar. The reports drew immediate dismissals by US officials, but EUR/USD moved up from 1.1100 to 1.1320 on Monday alone. Then on Friday, Chancellor Merkel said that the "very strong euro" was making reform efforts more difficult in Spain, Portugal and Ireland, and called for "understanding when a central bank thinks about what you need to do when the inflation rate is so low." The move in EUR/USD was less dramatic after Merkel's remarks, with EUR/USD making a brief round-trip from 1.1230 to 1.1150 and back again.

Southwest and American Airlines made more cautious comments about industry revenue trends, echoing similar remarks by Delta last week and compounding the damage Southwest did in May (when it warned it would boost 2015 capacity by a high single digit percentage). American reduced its passenger revenue per available seat mile forecast and cut its margin guidance, while Southwest also made downbeat comments about its Q2 PRASM. These remarks, plus a report by industry group IATA that warned US airline revenues would contract 0.7% y/y in 2015, knocked US major airline stocks down as much as 7-9% by Tuesday, with only slight improvement through the week's end.

McDonalds disclosed its final public monthly same-store sales report on Monday. May was the firm's eighth consecutive month of comp sales declines, although it was the best reading since last October and the decline was less than expected. US comps continue to suffer from declining traffic and sharper competition.

At its annual developers forum, Apple launched its revamped 'Apple Music' service. The subscription based service is priced similarly to competing premium services but seeks to differentiate itself with the human touch of music experts curating playlists and running a 24/7 global radio station. Apple also previewed the next updates for its Mac, iPhone and Watch operating systems, adding new features including improvements to the Siri digital assistant and a feature that can block advertisements on mobile devices.

There was a marked absence of big merger deals this week, but a growing trend of US-listed Chinese companies announcing plans to go private and delist from US markets. In rapid succession, data-center firm 21Vianet Group, social site Renren, real estate firm E-House, and movie production company Bona Film Group received strikingly similar "preliminary non-binding going private" proposals from management led groups. The rush to enter going private proceedings is being driven by large double digit gains on China's A-share market for domestically traded stocks, offering firms outsized gains over the US. Moreover, looser listing rules at home will aid efforts to relist on Chinese exchanges.

There were marked improvements over the rough March/April figures in China's May trade report, with a trade surplus just shy of the peak seen in February. The four-month low of 1.2% seen in China's May inflation reading should help sustain the PBoC's easing bias intact, while other measures, such as recovery in M2 money supply and new loans, were more decent. The Shanghai Composite managed a 2.9% gain for the week, shrugging the high-profile deferral by MSCI to include the A-Shares in its emerging market index due to unresolved market accessibility issues.

Japan Q1 final GDP expanded +3.9%, much better than preliminary +2.4% figure, mainly on the much higher revision in the CapEx growth component. The Nikkei225 was marginally lower for the week however, as JPY short positions were scuttled by unexpected remarks from BOJ governor Kuroda who said the selloff in the currency may be near the end, sending USD/JPY to a 2-week low of 122.50.

It was also an active week for Asia-Pac central banks. On Thursday, the Reserve Bank of New Zealand surprised traders with a 25bps rate cut to 3.25% - the first loosening in four years - and signaled at least one more cut this year with a 60bps revision to its 90-day bill rate forecast. Bank of Korea also succumbed to the economic risks of a MERS outbreak, cutting rates to record low 1.50% and paving the way to the likely downgrade of GDP projections due to slowing consumption and exports trends.

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[10:00] {@Threei}  *(US) JUN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 94.6 V 91.2E
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

June 11 2015

Very quiet but again profitable trading session. 1:3 on MCD and a few scalps here and there made it worth our while.

Session Time: Thu Jun 11 00:00:00 2015
[09:03] {dino} gm
01[09:03] {@Threei}  dino :)
[09:03] {dino} did i miss much yesterday afternoon?
01[09:04] {@Threei}  probably would have squeezed a play or two
[09:05] {dino} so nothing majot then
01[09:05] {@Threei}  no
[09:05] {dino} typing off already
01[09:06] {@Threei}  lol
[09:13] {RonS} gm
01[09:13] {@Threei}  ron :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -BOX +14% (earnings)
01[09:25] {@Threei}  -ISIS +9.3% (Updates on ISIS-SMN Rx Phase 2 Study In Infants With Spinal Muscular Atrophy)
01[09:25] {@Threei}  -MW +8.3% (earnings)
01[09:25] {@Threei}  -CTXS +7.5% (Elliott Management (7.1% holder) sends letter to Board; sees company reaching $90-100+/shr by the end of 2016 if engages on a plan)
01[09:25] {@Threei}  -KKD +7.3% (earnings)
01[09:25] {@Threei}  -ISSI +4.8% (Uphill raises offer to $21/share (from $20, and above $20.25 from Cypress)
01[09:25] {@Threei}  -HES +4.7% (Enters 50/50 Bakken Midstream Joint Venture with Global Infrastructure Partners; sale of stake valued at $2.7B)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -TUBE -4.5% (Prices Follow-On Offering of 5.2M shares at $15.75/shr)
01[09:25] {@Threei}  -FOLD -4.1% (Announces $150M stock offering)
01[09:25] {@Threei}  -LULU -2.3% (Files prospectus for 20.1M shares for holders)
01[09:33] {@Threei} Long Setup:  FB  .80 break
01[09:33] {@Threei}  If holds  .70
01[09:34] {@Threei}  no go
01[09:41] {@Threei} Long Setup:  FB  .30 break
01[09:41] {@Threei}  If holds  .20
01[09:42] {@Threei}  1:1
[09:47] {dino} crto drop
01[09:48] {@Threei}  TSLA Hearing vague chatter Microsoft could be looking to take a stake- Chatter that Microsoft looking to compete with Google and Apple in next gen auto market
[09:49] {RonS} CRTO getting drilled on report that Apple enabling iphone users to block ads
[09:49] {dino} ty
[09:50] {dino} ipgp drop
[09:53] {dino} ipgp smr l .30
01[09:56] {@Threei} Long Setup:  MCD  96 break
01[09:56] {@Threei}  If holds  .90
01[09:59] {@Threei}  1:1
01[10:01] {@Threei}  1:2
[10:01] {dino} gj
[10:01] {dino} stop ipgp is .98
01[10:02] {@Threei}  ty
[10:03] {dino} mara drop
[10:05] {RonS} mara...these patent dudes are dangerous...you never know what the heck is goin on
[10:06] {dino} mara sm l .50
[10:07] {RonS} took crto 47.11 out .85 +.74
01[10:07] {@Threei}  wtg
01[10:07] {@Threei}  1:3  MCD
01[10:08] {@Threei}  out
01[10:08] {@Threei}  that was pleasant
[10:08] {RonS} nice trade...ty
01[10:08] {@Threei}  easy play, never made us nervous
01[10:08] {@Threei}  yw
[10:09] {dino} ipgp to .09
[10:09] {dino} mara stop is .18
[10:10] {dino} f*ck, major slip, out ipgp .96 ave, +.66
01[10:12] {@Threei} Long Setup:  FB  .90 break
01[10:12] {@Threei}  If holds  .80
[10:12] {dino} mara stopped
[10:18] {dino} mara drops again
[10:18] {dino} sm l .60 pulp
[10:20] {nemo} what I miss?  more Dr. appts.
01[10:20] {@Threei}  nice 1:3 on MCD
01[10:20] {@Threei}  the rest is back and forth
01[10:20] {@Threei}  no go FB
[10:20] {RonS} dino:  http://tinyurl.com/oywtuqg
[10:21] {nemo} fb weak right now
[10:26] {dino} ron, 6/9 settlement
01[10:28] {@Threei}  can't believe this... missed by a few cents aler on DAL short at .70... and never found guts to chase and call next break
01[10:31] {@Threei}  IMF: Our bailout proposal for Greece would protect the nation's most vulnerable pensioners
[10:32] {dino} nhtc spike
01[10:41] {@Threei} Long Setup:  FCX  .95 break
01[10:41] {@Threei}  If holds  .89
[10:44] {dino} nhtc wow
01[10:46] {@Threei}  (GR) IMF Spokesman: technical discussions on Greece bailout have stopped, have failed to make any progress, both sides are a long way from an agreement - Major differences remain between Greece and its creditors, main obstacles are pensions, taxes and financing- There has been no progress made in trying to narrow differences between the two sides- IMF is still engaged in talks and never left the table, the ball is now in Greece's court- IMF team has left Brussels given the lack of progress- Our bailout proposal for Greece would protect the nation's most vulnerable pensioners
[10:49] {dino} mr s .02 hooker
01[10:49] {@Threei}  meh
[10:51] {dino} fx stopped .88, -.08
[10:52] {dino} mr? incorrect its nhtc
[10:52] {dino} don't know wtf happened typing there
01[10:53] {@Threei}  lol
[10:54] {RonS} ye olde mystery wrapped in an enigma:  Former Chinese security chief sentenced to life in prison after a secret trial
[10:55] {RonS} qotd:  I knew a woman who owned a taser, man was she stunning!
01[10:55] {@Threei}  lol
[10:56] {dino} lol
01[10:59] {@Threei} Short Setup: SLW  .50 break
01[10:59] {@Threei}  If holds  .55
01[10:59] {@Threei}  just a scalp most likely
[11:08] {dino} capr drop
[11:11] {RonS} hilarious:  Tomorrow's headline now: Greek talks restarted, traders inexplicably surprised
01[11:11] {@Threei}  lol
01[11:12] {@Threei}  even if they coukld fix it, they probably wouldn't - by the same logic by which a legal case became a cherished treasure over generations in lawyers' dynasty
[11:15] {dino} cov nhtc .53, +
[11:15] {dino} .49
[11:21] {RonS} dino hits his nut and gone...
01[11:21] {@Threei}  lol
[11:30] {RonS} mara halt
[11:31] {RonS} mara halt
[11:32] {RonS} MARA - Marathon Patent Group Announces Jury Verdict in TPMS Case v. Schrader-Bridgeport
[11:32] {dino} uh oh
[11:33] {RonS}  MARA - JURY RULED ASSERTED PATENTS NOT INFRINGED
[11:33] {RonS} MARA - Doug Croxall, Founder & Chief Executive Officer of Marathon, stated, "We are clearly disappointed by the jury's ruling. It is a decision Bridgestone will promptly appeal as we believe the jury erred in their verdict. This outcome has no bearing on our German case and we remain confident in the validity and infringement of our European patent."
[11:34] {dino} rubi drop
[11:35] {nemo} APA looks short
[11:35] {RonS} crto lod
[11:35] {nemo} but could make a VWAP run north
[11:41] {dino} rubi sm l .45
[11:43] {RonS} https://www.youtube.com/watch?v=xRjviO8negQ
[11:49] {dino} rare drop
[11:52] {dino} mara to .70
[11:54] {dino} out mara +.10
[11:55] {RonS} wtg
[11:55] {dino} lol, not sure what to think about it, its down about 35%
[11:55] {RonS} near death experience...
01[11:57] {@Threei}  yeah, be thankful you got out alive
01[11:57] {@Threei}  these situations are widowmaker kind
01[11:57] {@Threei}  Until mid-morning, European and US stocks were seeing a consecutive session of strong gains, adding to the big rally seen on Wednesday. The fun didn't last: another downer Greece headline dropped about an hour after the open of US cash trading, knocked stocks off their highs and sent bond yields plunging.
01[11:58] {@Threei}  The IMF crushed hopes that the Greece bailout talks might be seeing even a little progress. Around 10:30ET, an IMF spokesman said that technical bailout discussions have stopped given the failure to make any progress in negotiations, with both sides a long way from an agreement. According to the IMF, major differences remain, with the chief obstacles pensions, taxes and financing.
01[12:01] {@Threei} Short Setup: MCD  .70 break
01[12:01] {@Threei}  If holds  .80
[12:14] {dino} out rubi .76, +.26
[12:15] {dino} rare toasted
[12:30] {dino} lunch break
01[12:41] {@Threei}  1:1  MCD
01[12:41] {@Threei}  even though late post... but 1`:1 is 1:1
[13:43] {dino} .
01[13:46] {@Threei} Long Setup:  IWM  .25 break
01[13:59] {@Threei}  stop to .19
01[14:08] {@Threei}  meh
[14:08] {dino} dbd s .01
[14:09] {dino} .00
[14:17] {dino} dbd stop to b/e
[14:20] {dino} lly luv again
[14:21] {dino} damn, dbd was thinking channel would break
01[14:22] {@Threei}  LLY Announces Webcast to Discuss Ixekizumab Phase III Data
[14:22] {dino} played it wrong
[14:22] {nemo} that must be why it went nuts a coupla days ago
[14:22] {dino} now thats a word for a spelling bee
[14:23] {dino} yeah nemo, something w/diabetes
[14:26] {dino} since its slow, my son's last day of high school today. he gives the valedictorian speech on saturday (#1 out of 265).
[14:26] {RonS} big storm here tonight...remnants of Mexican hurricane moisture colliding w/ Canadian cold front...rain, hail, tornados...throw in a Russian or Chinese hack and really would be screwed...
[14:26] {dino} dbd out .00/flat
[14:32] {dino} espr dropping
[14:38] {dino} lxft spike
[14:41] {dino} rkda sk
[14:50] {dino} lxft sm s ave .53
[14:59] {RonS} bwc pop
[15:09] {nemo} well that's enuf fun for one day  P&Q
[15:18] {dino} toughie, cov lxft .39, +.14
[15:20] {dino} cov remaining at .33, +.20 fl in all
01[15:27] {@Threei}  watching BP for bounce scalp
01[15:33] {@Threei}  way too slow
01[15:34] {@Threei} Short Setup: FB  .95 break
01[15:34] {@Threei}  If holds  .05
01[15:36] {@Threei}  come on FB, break down and die
01[15:38] {@Threei}  1:1
01[15:42] {@Threei}  ok, just a scalp
01[15:42] {@Threei}  thank you, have a good evbening
01[15:42] {@Threei}  see you tomorrow
[15:44] {dino} gn vad
[15:45] {dino} idiot trade of the day, lxft scatred me out for .20, went another .40. damn spikes made me nervous
01[15:45] {@Threei}  well... spikes is the name of the game for you

June 10 2015

Very quiet but still nicely profitable day. Morning brought everything there was to earn today, then things stalled and remained frozen till the end

Session Time: Wed Jun 10 00:00:00 2015
[08:59] {dino} gm 3i
01[09:00] {@Threei}  dino :)
[09:09] {RonS} gm
01[09:11] {@Threei}  ron :)
[09:18] {dino} espr?
01[09:19] {@Threei}  [ESPR] Barclays maintains Overweight rating, price target $150; Expects shares could see pressure initially - Firm expects ESPR shares could experience pressure after the initial FDA AdComm panel for PCSK9's, despite the positive vote for approval (13 for- 3 against). - The panel's doubts in LDL's validity as a surrogate marker for benefits in CV events was surprisingly strong, and could raise concerns about the potential requirement of CV outcomes data before approval in certain settings.
[09:23] {dino} ty
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -HCC +36% (Tokio Marine confirms plans to acquire for $7.5B or $78/shr cash)
01[09:28] {@Threei}  -OGXI +18% (FDA Agrees with OncoGenex' Phase 3 AFFINITY Protocol Amendment)
01[09:28] {@Threei}  - LITB +15% (Acquires Strategic Stake in LightInTheBox Companies to Jointly-develop a Global "Internet-Plus" Strategy)
01[09:28] {@Threei}  -BLDP +10% (Signs Framework Agreement for Fuel Cell Module Development to Power Trams in China)
01[09:28] {@Threei}  -SIGM +9.6% (earnings)
01[09:28] {@Threei}  -OXM +8.6% (earnings)
01[09:28] {@Threei}  -CY +5.6% (ISSI agrees To Cypress Semiconductor's raised $20.25/shr cash offer)
01[09:28] {@Threei}  -CSG +4.6% (Said to be exploring a sale after receiving some takeover interest)
01[09:28] {@Threei}  -JCI +4.5% (To Explore Strategic Options For Separation Of Automotive Business)
01[09:28] {@Threei}  -OIH +4.3% (OPEC Keeps 2015 Oil Demand Growth Forecast Unchanged at 1.18M B/D)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -ESPR -20% (FDA advisory panel votes 13 to 3 in favor of risk profile for cholesterol drug Praluent, developed by Regeneron and Sanofi)
01[09:28] {@Threei}  -BDBD -18% (negative guidance)
01[09:28] {@Threei}  -SALT -17% (Offering $200M in common stock)
01[09:28] {@Threei}  -HRTX -3.8% (Prices 4.8M share offering at $24.75/shr)
01[09:28] {@Threei}  -REGN -3.7% (profit taking following FDA advisory panel votes 13 to 3 in favor of risk profile for cholesterol drug Praluent)
01[09:28] {@Threei}  -GPRO -3.0% (cautious comments by Citi; guides long-term gross margin target of 42-44%)
01[09:28] {@Threei}  -MFRM -3.0% (earnings)
[09:29] {dino} espr 77.21 gap
01[09:32] {@Threei} Long Setup:  FB  .90 break
01[09:33] {@Threei}  1:1
01[09:34] {@Threei}  1:2
01[09:35] {@Threei}  1:3
[09:35] {dino} espr smr l .84
[09:37] {dino} out espr 81.69, +1.85
01[09:37] {@Threei}  wtg
[09:37] {dino} pulp
01[09:39] {@Threei} Long Setup:  WFC  .10 break
01[09:39] {@Threei}  If holds  57
[09:39] {dino} smr l .92
[09:40] {dino} stop .60, -.32
01[09:42] {@Threei} Short Setup: FB  .25 break
01[09:42] {@Threei}  If holds  .35
01[09:44] {@Threei}  1:1  WFC
01[09:45] {@Threei}  no go fb
01[09:45] {@Threei}  1 cent to target
01[09:47] {@Threei}  rinse... bastage
01[09:49] {@Threei}  1:2  WFC
[09:50] {dino} espr smr l .44
01[09:59] {@Threei} Long Setup:  TWTR  .80 break
01[09:59] {@Threei}  If holds  .70
[10:03] {RonS} curious lack of block volume espr
01[10:09] {@Threei}  1:3  WFC
01[10:09] {@Threei}  out
01[10:14] {@Threei} Short Setup: MCD  .90 break
01[10:14] {@Threei}  ugh... late
01[10:14] {@Threei}  in on bounc
01[10:18] {@Threei}  1:1  TWTR
01[10:22] {@Threei}  no go MCD
01[10:26] {@Threei} Short Setup: FB  .75 break
01[10:27] {@Threei}  If holds  .85
[10:29] {dino} semi drop
01[10:33] {@Threei}  trail FB to .81
01[10:34] {@Threei}  meh
[10:35] {dino} semi sm l .19
01[10:36] {@Threei} Long Setup:  LUV  35 break
01[10:36] {@Threei}  If holds  .90
[10:39] {dino} glob spike
[10:40] {dino} out semi .50, +.31
[10:40] {RonS} something out of Ghostbusters?
[10:40] {RonS} gj semi
[10:41] {dino} ty
[10:43] {dino} glob sm s .37
[10:48] {dino} i froze that
[10:48] {dino} espr pause
[10:48] {dino} bdbd drops again
[10:49] {dino} bdbd hl l .01
[10:50] {dino} stop is lod
[10:52] {dino} espr higher lows/higher highs
[10:58] {dino} semi hard stop .53
01[10:59] {@Threei}  (GR) ECB said to raise ELA ceiling to $83B from €80.7B - financial presskeep ELA collateral haircuts and elibility unchanged
[11:00] {dino} print, print, print
[11:01] {dino} damn nemo, its still buy the 17,700s
01[11:01] {@Threei}  as if there were any doubt
[11:02] {dino} just realized nemo mia
01[11:02] {@Threei}  will be late today
[11:02] {dino} captain obvious, lol
[11:05] {RonS} bdbd needs to sell itself to wwav...both are w/in a mi of each other
[11:07] {dino} you seeing anything ron?
[11:08] {RonS} 3 d guys strong...solar too...financials...someone bot 10k nov 27's pgr
[11:09] {dino} ty
[11:10] {nemo} why market so happy
[11:10] {dino} can espr take out hod? i'm riding common and calls fron 76.44
[11:10] {RonS} wow
[11:11] {dino} my gut says 85 area
[11:14] {dino} sold the espr calls, +2.00 /+33%
[11:15] {nemo} was there news on that spike
[11:15] {dino} no
[11:15] {dino} yes nemo, something about fda on drug
[11:15] {cosmo} bond holders moving into stocks?
[11:15] {dino} but uts not their drug from what i gather
[11:15] {nemo} not a bad theme
[11:16] {RonS} GERMANY SAID TO CONSIDER SETTLING FOR ONE GREEK REFORM UP FRONT
[11:17] {RonS}  GERMANY SAID TO CONSIDER OFFERING GREECE STAGGERED DEAL ON AID
[11:17] {dino} greece will gladly pay you tomorrow for a hamburger today
[11:17] {cosmo} Opah
[11:17] {RonS} ...comments from 'sources'...
[11:22] {dino} glob cov/stopped .55 -.18
[11:23] {dino} out remaining semi .64 +.45
[11:27] {RonS} mjn drop
[11:30] {RonS} hearing jpm lowered mjn incl etimates...
[11:30] {dino} sm l .10 mjn
[11:31] {dino} out mjn .40, +.30, ty ron
[11:32] {RonS} np...shoulda been faster... :)
[11:33] {dino} yeah, should've held longer too
[11:34] {RonS} lots of rad call buying today
01[11:35] {@Threei}  (GR) Spain Fin Min de Guindos: A Greece exit from the EMU is off the table, want to keep Greece in the EMU
[11:35] {dino} bdbd won't move, tighten to .89
[11:37] {dino} me thinks spain protests too much
[11:37] {dino} they are next
[11:48] {dino} dlr spike
[11:49] {dino} looking to acquire another company
[11:49] {dino} wierd because few years ago the acquiring companys' stock usyally dropped, now they blast off
[11:56] {RonS} etsy bitsy strength
[11:56] {dino} yesterday too
[12:04] {dino} wait for it....out espr 82.44.....from 76.44...+6.00
[12:07] {dino} tough crowd
01[12:08] {@Threei}  we fainted
[12:09] {dino} :)
[12:10] {dino} lly at it again, spikey
[12:19] {dino} damn, espr straight to 85 like my gut said earlier. was hoping for pullback
[12:21] {RonS} you suck...  :0
[12:21] {dino} roflol
01[12:21] {@Threei}  lol
06[12:21] * dino slaps RonS around a bit with a large trout
[12:23] {dino} shld getting killed this week -14
[12:33] {dino} calling it a day. thx all
01[12:34] {@Threei}  take care dino
[12:34] {dino} u2, back tomorrow
01[13:59] {@Threei}  *(US) MAY MONTHLY BUDGET STATEMENT MAY: -$82.4B V -$97.0BE
01[14:24] {@Threei} Long Setup:  IWM  .25 break
01[14:36] {@Threei}  change to .20
01[15:24] {@Threei}  ok... going to try VXX .40 break
01[15:24] {@Threei}  as a last attempt
01[15:24] {@Threei}  with stop .34
01[15:39] {@Threei}  move your butt VXX
01[15:46] {@Threei}  time's pressing, stop to .39
01[15:54] {@Threei}  ok... out with tiny scalp
01[15:54] {@Threei}  have a good evening guys, see you tomorrow