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Chat Highlights From 05/14/2014

TSA Moderator Chat

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(05:40 am) Mitch King:Premarket UP: ARTX, ISIS, CLDX, GOLD, RGLD, P Premarket DOWN: FOSL, HYGS, SODA, ZU, SNE, USAC, ECT WATCHING: DE, SHLD, YHOO, OPEN, YELP, PLUG, TTWO, APC, KKD, PZZA, P (05:45 am) JoeyTSA :putting PTX on radar, gapped up (05:46 am) JoeyTSA :start levels /NQ 3600-3610; /ES 1890,1893,1897; /CL 101.90-102.20 (06:28 am) Mitch King:Pernix Therapeutics Holdings, Inc. To Acquire TREXIMET Tablets for Migraine From GSK for $250M; POZN to commercializePTX has signed an agreement with GlaxoSmithKline to acquire the U.S rights to Treximet (sumatriptan / naproxen sodium) for the acute treatment of migraine attacks with or without aura in adults. Pernixs team of approximately 90 specialty sales professionals will support the sales and marketing of Treximet. Pernix will make an upfront payment to GSK of $250 million for the U.S rights to Treximet. (06:31 am) Qwert :monitoring SGMS (06:32 am) Mitch King:watching KORS (06:33 am) JoeyTSA :eye on FB $60 level (06:33 am) Mitch King:watching IRM for top to short (06:34 am) Mitch King:watching SNE for trades, short is first idea (06:34 am) Mitch King:watching ICLD for trades (06:34 am) JoeyTSA :tighen ZU if long (06:35 am) Mitch King:SODA moving (06:35 am) JoeyTSA :/ES testing 1890 (06:35 am) Mitch King:watching WDC for trades, (06:36 am) Mitch King:watching URS (06:37 am) Mitch King:watching KORS for microshort (06:37 am) Mitch King:watching SODA for short (06:37 am) Mitch King:watching GLOG for more upside, then short, take time before short (06:38 am) Mitch King:watching IRM for microshort (06:38 am) Mitch King:watching ZU for short (06:39 am) Mitch’s Assist. :watching HTZ (06:40 am) Mitch King:watching RCL for small short (06:41 am) Mitch King:monitoring LEA, lower priority (06:41 am) Mitch King:watching SODA closer for short (06:42 am) Mitch King:monitoring SPLK for short (06:43 am) Mitch King:too late on BHI at this price 70.17 too low (06:43 am) Mitch King:wathing BHI for short (06:43 am) Mitch King:new lows on FOSL (06:44 am) JoeyTSA :see if $60 holds on FB (06:44 am) Mitch King:watching GLOG closer for short (06:47 am) Mitch King:GLPI (06:47 am) Mitch King:let GLIP run first (06:47 am) Mitch King:watching GLPI for short, aggressive traders (06:49 am) Mitch King:ZU on fire (06:50 am) JoeyTSA :eye on INSY (06:51 am) JoeyTSA :/ES lost 1890, see if we get res test (06:53 am) Mitch King:watchign CLDX for top to short, take time (06:55 am) Mitch King:another microshort on BHI (06:59 am) Mitch King:XON lot more upside potential (07:02 am) Mitch King:look at daily chart on XON, encourages you to hold this long for potential runner (07:03 am) Mitch King:daily chart is on lower left, could easily hit $20 but be flexible (07:03 am) Mitch King:but trade what you see, not what i expect (07:06 am) Mitch King:ZU also a powerhouse on long side, similar daily chart of extreme oversold last 2 months (07:07 am) JoeyTSA :eye on AAPL (07:10 am) JoeyTSA :putting SODA $42 on radar (07:10 am) Mitch King:consider reducing a little of ZU, slowly at ask price or higher (07:11 am) JoeyTSA :crude inv in 18min (07:11 am) Mitch King:XON toppy a little bit, reduce small amount of long, sell at ask (07:11 am) JoeyTSA :sae with BIDU 158.50 (07:12 am) Mitch King:the way you short a hot runner is don’t try to pick top, let it drop and show weakness and then sell on a rebound if a new high is not reached (07:12 am) Mitch King:consider reudcing ZU a little more (07:13 am) Mitch King:consider reducing ZU if long (07:18 am) Mitch King:watching WAC for microshort (07:20 am) Mitch King:i would not short ZU, thats a no-go with this chart pattern (07:20 am) Mitch King:watching XON for rebound to short the top of rebound as it moves up (07:24 am) Mitch King:losing interest in WAC short, (07:29 am) Mitch King:ZU breakout (07:30 am) Mitch King:+ 950k barrells (07:36 am) JoeyTSA :eye on FEYE (07:42 am) Mitch King:watching ZU for breakout to higher highs (07:45 am) Mitch King:CL 6-14 breakout (07:53 am) Qwert :monitoring CRTO (08:07 am) Murano :monitoring JGW (08:27 am) Mitch King:JGW news: JGWPT Holdings Reports Q1 $0.77(GAAP) v $0.43e, R$63.1M v $62.8Me- Adj Net Income Margin: 3.88% v 8.7% y/y – CFO: The impact of higher interest rates on our first quarter profitability was partially offset by reduced operating costs driven by our operating efficiency and cost reduction initiative (08:33 am) Murano :monitoring GPOR (08:38 am) Mitch King:SODA hig (10:01 am) Mitch King:5/14/2014 9:58:50 AM Louisiana-Pacific Corp Mutually agress to terminate deal with Ainsworth no termination fee to be paid by either party- Reminder: on 5/8 LPX indicated in commentary on earnings conf call that there may problems with moving forward on Ainsworth Lumber deal (10:15 am) Mitch King:watching QIHU (10:32 am) Mitch King:LPX spiking (11:05 am) Mitch King:RCL spike (11:09 am) Murano :watching NCR (11:16 am) JoeyTSA :eye on GWPH, big spread (11:49 am) JoeyTSA :eye on /Es pllback (11:59 am) Mitch King:TROX (11:59 am) JoeyTSA :eye on EMES, lower vol (12:05 pm) Murano :watching IRE (12:13 pm) Mitch King:watching WWE for short (12:14 pm) Mitch King:monitoring RTN, Raytheon (12:17 pm) Mitch King:27% of float is short (12:17 pm) Mitch King:big amouunt of WWE float is short (12:18 pm) Mitch King:look at daily, could pop more (12:31 pm) Murano :monitoring SRC (12:44 pm) Murano :watching SHLD