(05:26 am) JoeyTSA :levels /CL 105.85-107.20
;/ES 1920-1930 ; /NQ 3755-3765
(05:55 am) JoeyTSA :early gap up:
LUE,COV,TWTC,ARWR,FIO,WMB,MDT
(05:55 am) JoeyTSA :early gap down:
YHOO,KPTI,JD
(06:16 am) Mitch King:Premarket UP: BLUE,
FIO, ACHN, WMB, LLNW, TWTC, SQNM, NCT, MPAA,
ISIS, WPZ, ANV, AKS, GALE, SUNE Premarket
DOWN: YHOO, KPTI WATCHING: COV, MDT, LVLT,
YHOO, PF, HSH, TSN, TGT, DISH, T, WMB, ACMP,
IGT, GOOGLE, UAL, AAL, DAL, LUV, COF, SNDK,
GE, AKS
(06:19 am) Mitch King:ACHN has price target
raised to $22 from $6, a positive result from
a Phase 3 study with ABBV, is driving ACHN up
this monring
(06:31 am) Qwert :watching SPWR
(06:32 am) Mitch King:watching CAB for
trades
(06:32 am) Mitch King:monitoring UTHR for
top
(06:33 am) Mitch King:watching HCA for more
upside
(06:33 am) Mitch King:big spread on EVHC
(06:33 am) Mitch King:watching EVHC for
short
(06:33 am) Mitch King:WMB trending up after
big gapup
(06:34 am) Mitch King:watching SYK for top to
short, take time
(06:36 am) Mitch King:FSLR trending up
(06:37 am) JoeyTSA :eye on LAD
(06:38 am) Mitch King:watching KPTI for short
on top of bounce, 50 cent spread, had big
runup Friday
(06:38 am) Mitch King:watching TRN for
trades
(06:38 am) Mitch King:watchign UTHR closer,
up 12
(06:39 am) Mitch King:watchign VMW for short
on top of bounce, no hurry
(06:40 am) Mitch King:watching CF breakout
(06:40 am) Mitch King:SNDK strong uptrend
(06:41 am) Mitch King:watching YPF for
bottom, take time
(06:42 am) Mitch King:monitoring ALNY
(06:43 am) Mitch King:TSLA moving
(06:44 am) Mitch King:watch for $28 as
support on YPF
(06:48 am) Mitch King:consider covering SYK
(06:48 am) Mitch King:expecting more downside
on KPTI
(06:49 am) Mitch King:WMB steady uptrend
(06:51 am) Mitch King:new high on ALNY
(06:52 am) Mitch King:consider selling YPF
(06:55 am) JoeyTSA :NAHB housing # in 5min
(06:58 am) Mitch King:TSLA high of day
(07:00 am) Mitch King:housing builders
getting spike on Housing index: TOL, DHI,
PHM, KBH,
(07:00 am) Mitch King:SNDK new high
(07:00 am) Mitch King:6/16/2014 7:00:01 AM
*(US) JUN NAHB HOUSING MARKET INDEX: 49 V
47E- Prior revised XXX from 45 to – No
revisions – Source TradeTheNews.com
(07:01 am) Mitch King:MOS spiking
(07:01 am) Mitch King:expecting more downside
on BLUE
(07:02 am) Mitch King:MOS is buyout rumor
(07:05 am) Mitch King:monitoring PAG
(07:13 am) Mitch King:6/16/2014 7:12:53 AM
Medtronic Inc Hearing Wedbush makes cautious
comments on deal for Covidien (timing
uncertain)- sees deal as potentially not as
accretive as thought – Source
TradeTheNews.com
(07:14 am) Mitch King:WMB new high
(07:15 am) Mitch King:AKAM moving
(07:16 am) Mitch King:AKAM 6/16/2014 7:15:56
AM Akamai Technologies Inc Hearing renewed
takeover chatter circulating – Source
TradeTheNews.com
(07:35 am) Mitch King:new highs on WMB
(07:52 am) Mitch King:WMGI buyout rumor
(09:01 am) JoeyTSA :TAXI vol spike down
(09:27 am) Mitch King:6/16/2014 9:23:49 AM
Nuance Communications Halted; reportedly
exploring sale of the company, said to have
held discussions with Samsung Electronics –
press – Source TradeTheNews.com
(09:24 am) JoeyTSA :NUAN
(09:26 am) JoeyTSA :NUAN halted
(09:40 am) Murano :watching AZN
(10:30 am) Mitch King:6/16/2014 10:28:49 AM
Shire Plc Reportedly hires an advisor to help
advise in the circumstance it receives any
takeover bids – press ***Note that on April
24th, Allergan was said to have approached
Shire in recent months regarding possible
takeover. Allergan had approached Shire in
recent months regarding possible takeover but
was rebuffed. – Source TradeTheNews.com
(10:29 am) Mitch King:SHPG spike
(10:30 am) Mitch King:on the news
(10:30 am) Mitch King:NPSP is related to
SHPG
(10:30 am) Qwert :NPSP
(10:53 am) Mitch King:looking for microshort
on SHPG
(10:54 am) Qwert :monitoring AVNR
(11:23 am) Mitch King:VNCE spike
(11:57 am) Mitch King:6/16/2014 11:53:35 AM
Ligand Pharmaceuticals Ticks lower on
circulation of cautious comments from
Lemelson Capital Management; sees potential
competitive threat to one of its main royalty
assets – Source TradeTheNews.com
(11:57 am) Mitch King:watching LGND
(12:28 pm) Mitch King:watching KPTI
(12:45 pm) Mitch King:remember tomorrow KPTI
should still be decent short on day trades
| (05:22 am) Qwert :Good morning Regatta
(05:23 am) regatta :gm qwert
(05:25 am) JoeyTSA :good morning
Qwert,regatta
(05:27 am) Qwert :good moening Joey
(05:28 am) JoeyTSA :empire st manu coming out
in 1 min
(05:29 am) JoeyTSA :TIC long term @ 6, cap
utilization and industrial prodcution @ 6:15,
NAHB housing @ 7 pdt
(05:40 am) skydiver :gm all — keeping KPTI
up on a chart — Bull Short
(05:42 am) skydiver :KPTI – news from
yesterday – Karyopharm enters into preferred
provider agreement with Veristat Veristat
announced that Karyopharm Therapeutics has
entered into a Preferred Provider agreement
with Veristat. Under this agreement, Veristat
provides strategic statistical consulting and
biometrics services
(05:47 am) toby1115 :gm
(05:56 am) JoeyTSA :both BLUE and COV had
good pullbacks
(06:00 am) skydiver :MDT buying COV at
$93.22 and then moving their headquarters to
Ireland – lower corporate tax rates
(06:01 am) JoeyTSA :thx sky
(06:01 am) skydiver ::)
(06:02 am) skydiver :Kewrry says – US may do
airstrikes in Iraq against ISIS
(06:04 am) skydiver :thnx for gappers and
info joey
(06:10 am) skydiver :US and Iran – meeting
in Vienna – discussing what to do with Iraq
– strange bed fellows
(06:10 am) JoeyTSA :sure is
(06:11 am) skydiver :ISIS – has over 1.5
billion dollars – very wealthy
(06:16 am) skydiver :May Ind. production –
up .6%
(06:19 am) skydiver :I should clairfy my
ISIS – = islamic group attacking Iraq – not
the stock — sorry
(06:20 am) skydiver :thnx Mitch
(06:20 am) JoeyTSA ::)
(06:20 am) Mitch King:you mean ISIL sky
(06:21 am) skydiver :right
(06:29 am) rd :GM to all
(06:34 am) skydiver :TYC – moving up
(06:34 am) regatta :watching YPF
(06:38 am) JoeyTSA :LAD wide spread
(06:41 am) JoeyTSA :/ES testng 1930
(06:43 am) JoeyTSA :missed TSLA
(06:44 am) skydiver :yes – missed TSLA –
caught BLUE and SYK shorts though
(06:45 am) skydiver :TYC strong so far
(06:45 am) JoeyTSA :/NQ blew thru res
(06:48 am) JoeyTSA :watching GMCR $12
(06:50 am) JoeyTSA :thast $122 on GMCR not
$12
(06:54 am) JoeyTSA :keep eyen /ES 1930 for
potential breakout level
(06:55 am) Qwert :thx joey
(07:02 am) JoeyTSA :COV was good short
(07:05 am) JoeyTSA :/ES into R1 now
(07:08 am) Qwert :nice call on YPF Mitch
(07:09 am) JoeyTSA :quick break, nice calls,
back in 25
(07:10 am) skydiver :enjoy joey
(07:12 am) regatta :watching MDT
(07:21 am) regatta :watching BWEN
(07:40 am) Mitch King:FSLR kicking out
trades, should continue today
(07:41 am) JoeyTSA :WMB great day for them
(07:43 am) Mitch King:i think WMB is still
buy on dip mode
(07:44 am) Mitch King:pretty big drop on COV,
must be a lot of doubters on the buyout
(07:58 am) skydiver :Ok – my time is up . .
thanks for great calls . . first red day for
a long time . . . mis handled BLUE stock
today . . ok . . see you all tomorrow 🙂
(07:58 am) JoeyTSA :have a good one sky
(07:58 am) skydiver ::)
(07:59 am) Mitch King:i thought you were
short BLUE all morning sky
(07:59 am) Qwert :by sky
(07:59 am) JoeyTSA :FOMC on weds fyi
(08:03 am) Qwert :thx for the reminder Joey
(08:03 am) JoeyTSA :i was reminded myself
when i read an email just now
(08:04 am) Qwert :i usually mark those things
on a calendar here in the office
(08:05 am) JoeyTSA :i used to do that, good
idea
(08:05 am) JoeyTSA :i would have FOMC and the
jobs # highlighted
(08:06 am) Qwert :yeah i have a whiteboard
calendar so normally put in important dates
(08:08 am) JoeyTSA :keeps you organized
(08:11 am) Qwert :yeah when i remember to
look at it 🙂
(08:11 am) JoeyTSA :haha
(08:12 am) Mitch King:lot of companies
announced they are accepting Bitcoins today.
EXPE, DRIV,
(08:12 am) JoeyTSA :yeah that should go well
haa
(08:12 am) JoeyTSA :not sure why i have my
doubts on the bitcoin
(09:16 am) Mitch King:well bitcoin lovers are
saying its like Paypal but i disagree joey.
its not like paypal because pp is backed by
dollars
(09:16 am) Mitch King:if it is backed by gold
then it would really takje off
(09:17 am) JoeyTSA :right, i just get a bad
feeling that people are going to be screwed
somehow
(09:17 am) JoeyTSA :i need to learn more
about it
(09:17 am) Mitch King:yeah i thought that too
but the price held 550-600 even after Mt Gox
went bankrupt
(09:17 am) Mitch King:lot of bad actors in
early part of anything
(09:18 am) JoeyTSA :yeah
(09:18 am) Mitch King:look at this guy,
ex-con, calling himself Jesus of Bitcoin,
offering passport and tax free status
somewhere with full use of bitcoin
(09:18 am) JoeyTSA :good for him haa
(09:20 am) Mitch King:prob in cayman islands,
i know its a carribean place. he gives a
condo, new passport and almost zero taxes.
(09:20 am) JoeyTSA :probably
(09:22 am) Mitch King:this latest news on the
bitcoins held by Silk Road, seized by FBI,
being aucitoned today, about 17 mil worth.
yet the bitcoin pricing still seems to hold.
to me its like a pyramid scheme with early
guys who invested heavily like the WInklevoss
twins went long literally under $1 per
bitcoin say they are still holding
(09:23 am) JoeyTSA :yeah pyramid type feeling
to it
(09:25 am) Mitch King:i really liked the idea
of shorting it when it went to $1200 and i
mentioned it here on chat. i really liked
that idea. was around last Thanksgiving
time
(09:25 am) JoeyTSA :i remember
(09:25 am) Mitch King:dropped to $500 a month
later, then bounced to $1000
(09:25 am) Mitch King:it had bullshort
written all over it
(09:26 am) Mitch King:i love shorting
frenzies
(09:33 am) Mitch King:JCP lost that lawsuit
with Macy’s when selling Martha Stewart
goods
(09:40 am) regatta :AZN spike
(09:53 am) Murano :monitoring RIG
(10:00 am) JoeyTSA :early lunch, back in a
while
(10:18 am) Murano :reduce AZN if short
thought it would drop further/faster
(10:26 am) Mitch King:AZN news was they hired
an advisor to assist on potential deals since
PFE abandoned its bid
(10:27 am) Murano :I ahve an appointment this
afternoon, see you tomorrow
(10:30 am) Qwert :cya Murano have a great
night
(10:55 am) Mitch King:no news on AVNR yet
(10:56 am) Mitch King:but only 20 cents move
though, not huge volume
(10:56 am) Qwert :yeah just monitoring
(11:20 am) Mitch King:i love that pattern
though
(11:21 am) Qwert :yeah my favorite still
(11:30 am) Mitch King:i noticed a lot of
these spikes like VNCE get selling right
away
(11:30 am) Mitch King:esp when it is a fast
biggwer spike in a candle
(11:30 am) Mitch King:bigger
(11:38 am) JoeyTSA :TSLA pushing over $221
(11:45 am) Mitch King:SXL little move up
(11:50 am) JoeyTSA :TSLA into $223 now
(11:50 am) JoeyTSA :big day for them
(11:54 am) JoeyTSA :Thanks
Mitch,Qwert,traders..enjoy the day, see you
tomorrow
(11:58 am) Mitch King:later jo
(12:11 pm) Mitch King:KPTI moving up
(12:12 pm) rd :heading to appt. hope you all
have a great day
(12:12 pm) Mitch King:see you tomorrow rd
(12:37 pm) Mitch King:sell KPTI using limit
order if long
(12:51 pm) Mitch King:you see that spread on
KPTI, spiked to about 75 cent spread
(12:51 pm) Mitch King:ugly
(12:54 pm) Mitch King:see you guys tomorrow,
i’d watch KPTI for trades tomorrow and ACHN
too
(01:18 pm) freitag8 :bYE EVERY1
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