(06:00 am) Mitch King:Premarket UP:
FURX, AZN, GWPH, YOKU, ONVO, BLDP, EXEL, VHC,
Premarket DOWN: RIO, BAC, NEM, POZN,
OGXI, SOHU Also WATCHING: CMCSA, CHTR,
TWC, PFE, FRX, ACT, SUSS, ETP, GLW, AAPL,
ROP, GE, ALO, MT, MYL MRK, BAYN,
MSFT,
(06:12 am) JoeyTSA :using /CL
100.90-101.35, /ES 1863-1868 for early
ranges
(06:31 am) Mitch King:monitoring
STNG, moving
(06:31 am) Mitch
King:watching CST for trades
(06:32 am)
Mitch King:QEP moving up
(06:32 am) Mitch
King:watching YOKU for bottom for
bounce
(06:32 am) Mitch King:watching
CHTR
(06:32 am) Mitch King:BIDU
dropping
(06:33 am) Mitch King:monitoring
PCLN
(06:33 am) Mitch King:CAT trending
up
(06:34 am) Mitch King:watching
CRM
(06:34 am) Mitch King:monitoring
TEN
(06:34 am) Mitch King:watchign
VIPS
(06:34 am) Mitch King:monitoring
PCAR
(06:35 am) JoeyTSA :watching
FB
(06:35 am) Qwert :watching
GLW
(06:35 am) JoeyTSA :watching AMZN
$300
(06:35 am) JoeyTSA :eye on
GWPH
(06:35 am) Mitch King:monitoring
SEMG
(06:36 am) Mitch King:monitoring ABX,
slower moving stock
(06:37 am) Mitch
King:watching SINA drop
(06:37 am) Mitch
King:monitoring LVS, low priority so
far
(06:38 am) Mitch King:watching NRF
spike
(06:38 am) Mitch King:NRF
(06:40
am) JoeyTSA :watching FEYE $40
(06:40 am)
Mitch King:watching EDU, more downside before
any small bounce
(06:41 am) Mitch King:LH
bouncing
(06:41 am) JoeyTSA :/ES needs to
hold 1860 now
(06:41 am) Mitch
King:watching STT drop,
(06:43 am)
Mitch King:expecting more downside on
CST
(06:44 am) Mitch King:buyout
rumor
(06:44 am) Mitch King:NRF spiking
again, could move higher
(06:44 am) Mitch
King:watching CBI
(06:45 am) JoeyTSA
:tighten AMZN if short
(06:45 am) Mitch’s
Assist. :watching CRM closer
(06:46 am)
Mitch King:the NRF news is more than just a
buyout rumor,
(06:49 am) Mitch
King:looking for quick bounce in NRF,
advanced trading here
(06:50 am) Mitch
King:too weak of bounce on NRF to stay in
it
(06:50 am) Mitch King:watching RCII
move, watch for trades
(06:52 am) Murano
:watching OZM
(06:53 am) Mitch King:CNQR
bouncing, expecting more upside
(06:54 am)
Mitch King:micro long on OCN
(06:54 am)
Mitch King:monitoring MFRM for top to short,
missed bottom, i take time on these
(06:55
am) Mitch King:watching OPEN for more
upside
(06:57 am) Mitch King:RVBD
moving
(06:57 am) Mitch King:watching CVLT
for top, no hurry. missed bottom
(06:58
am) Mitch King:RVBD low vol, that tells
me a short is more interesting. i dont
like to short extremely high volume stocks
moving up sharply,
(06:59 am) Mitch
King:watching for another short on NRF on top
of this bounce, news headlines indicating
buyout RUMOR on NRF
(07:00 am) Mitch
King:(US) Preview: Mar Pending Home Sales
expected at 10:00 ET (14:00 GMT)**Consensus
expectations: – MoM: +0.7%e v -0.8% prior –
YoY: -10.2%e v -10.2% prior
(07:05 am)
JoeyTSA :eye on AAL, vol spike down
(07:22
am) Qwert :watching POM
(07:25 am) Mitch
King:watching MFRM for top
(07:29 am)
Mitch King:US) Preview: Mar Pending Home
Sales expected at 10:00 ET (14:00
GMT)**Consensus expectations: – MoM: +0.7%e v
-0.8% prior – YoY: -10.2%e v -10.2%
prior
(07:31 am) Mitch King:much higher
numbers, SPY responding upward
(07:31 am)
Mitch King:APril Dallas Fed 11.7 vs. 6.0
expected
(07:56 am) Murano :watching
SHLD
(08:32 am) JoeyTSA :/ES trying to
hold 1860
(08:48 am) Murano :monitoring
ICLR approachig S3
(09:01 am) JoeyTSA
:tighten /ES if short
(09:09 am) Mitch
King:possible sale of MRK unit of consumer
sales
(09:15 am) Qwert :IP spike
(09:18
am) Qwert :CST spike
(09:20 am) Murano
:watching MNK
(09:31 am) Mitch
King:consider reducing MRK if long,
Merck
(09:33 am) Mitch King:EU) ECB’s
Draghi said to see continued issue of low
inflation in the EMU; does not see a
deflation scenario and QE program would still
be a long ways away as far as timing – press-
Not expecting to see bank stress tests
exhibiting an adverse result – there are
positive signs in the economy but growth is
fragile –
(10:31 am) Mitch King:spike on
AWK
(10:59 am) Mitch King:there has been
confirmations that NEM is in talks with
merging and Barrick Gold but NEM down quite a
bit today. Same with ABX stock which is
Barrick Gold.
(11:19 am) JoeyTSA :Z
boucing
(11:41 am) Qwert :NQ pop
(11:45
am) Murano :watching SHPG
(11:53 am)
JoeyTSA :tighten Z if long
(11:58 am)
Mitch King:monitoring SHPG
(12:39 pm)
Murano :watching STAR
(01:01 pm) Mitch
King:BWLD spiking on earnings
| (05:19 am) Qwert :Good morning mber,
regatta
(05:23 am) regatta :gm
qwert, mberl1
(05:44 am) Qwert :pending
home sales at 7:00pst
(05:56 am) Qwert
:Gap up: FURX, AZN, GWPH, YOKU
(05:58 am)
Qwert :Gap down: NFLX, NEM, POZN, OXGI,
HAE
(05:58 am) Qwert :VHC gap up as
well
(06:02 am) skydiver :gm all and
thanks for gappers
(06:06 am) JoeyTSA
:Good morning, late start for me..thanks for
gaps,
(06:13 am) klas :GM TSA
room
(06:13 am) skydiver :FURX –
Furiex Pharmaceuticals volatility expected to
move on Forest Laboratories deal Furiex
Pharmaceuticals (FURX) option implied
volatility is expected to move on Forest
Laboratories (FRX) acquiring for $95 per
share.
(06:14 am) Qwert :gm klas
(06:14
am) skydiver :gm klas
(06:14 am)
Qwert :gm JOey
(06:15 am) Mitch King:does
anyone use Kinetick and also get a quote for
TF?
(06:18 am) skydiver :Esignal
will not bring up TF – only the daily –
shorter time frames blank
(06:20 am) Mitch
King:Kinetick support wrote me email that ICE
is not supported and therefore TF quotes in
real time are not available. i find
that hard to believe. so was just
checking if anyone here knows other
information relating to TF quote for
Kinetick.
(06:38 am) skydiver
:CHTR – strong this morning
again
(06:38 am) Qwert :nice AMZN call
joey
(06:39 am) JoeyTSA ::)
(06:40 am)
JoeyTSA :some good shorts so far
(06:40
am) skydiver :TSLA – still
dropping
(06:44 am) skydiver :NRF –
take over chatter
(06:45 am) JoeyTSA :AAPL
the onl big name uptrending
(06:45 am)
skydiver :sorry – didn’t see your
posting Mitch
(06:47 am) skydiver
:NRF – Northstar Realty, American Realty in
deal talks, FT’s Hammond says American Realty
Capital Properties (ARCP) is in talks with
NorthStar (NRF) for a takeover at “$20 a
share,” said Ed Hammond of Financial Times on
Twitter.
(06:49 am) skydiver :all
out of NRF short
(06:51 am) Mitch
King:nice job sky, big win
(06:51 am)
Mitch King:what wa syour short price on
that?
(06:51 am) skydiver :got it at
17.49 Mitch
(06:51 am) JoeyTSA :good price
sky
(06:52 am) JoeyTSA :i stayed
away
(06:52 am) skydiver :slow on
cllicking myh mouse
(06:52 am) Mitch
King:nice percentage profit
(06:52 am)
Qwert :i got it too sky 🙂
(06:52
am) skydiver :nice qwert!!!
🙂
(06:53 am) Qwert :btwn that one and
amzn already a good day 🙂
(06:53
am) JoeyTSA :NFLX good bounce off dbl
bot
(06:54 am) skydiver :but —
missed TSLA bounce –
(06:54 am) JoeyTSA
:gotta love those 20min and done days
🙂
(06:54 am) skydiver ::)
(06:56
am) skydiver :got to reboot esignal –
problem with my feed
(06:56 am) rd
:nice sina call mitch
(06:56 am) JoeyTSA
:all that money flow locked it up
🙂
(06:56 am) Qwert :lol
(06:57 am)
JoeyTSA :great bounce on GWPH, wider spread
though
(06:57 am) skydiver :anyone
catch TSLA bounce? I was too busy with
other items
(06:58 am) JoeyTSA :missed it
sky, saw it forming but didnt take
it
(06:59 am) Qwert :no but got the amzn
bounce 🙂
(06:59 am) skydiver
:nice qwert
(06:59 am) Qwert :not as good
as tsla at least yet 🙂
(06:59 am)
JoeyTSA :AAPL still strong
(07:01 am)
JoeyTSA :indices on good upmove
(07:03 am)
skydiver :well – looks like I need to
reboot my entire computer — see you in a few
—
(07:08 am) Qwert :AAPL a beast
today
(07:09 am) skydiver
:bak
(07:09 am) skydiver :sorry –
back on line is what I meant – not a
stock
(07:10 am) JoeyTSA :yeah Qwert, the
$570C went from $9 to $17 so far
(07:11
am) JoeyTSA :just under 100%
😉
(07:14 am) Qwert :my wife has the 585
from 2.60 over 150% right now
(07:14 am)
JoeyTSA :beauty
(07:14 am) JoeyTSA :and
good option too 🙂
(07:15 am) Qwert
:she will be very happy today
(07:16 am)
JoeyTSA :/NQ on a 40pt move
(07:16 am)
JoeyTSA :the $570 is now over $21
(07:16
am) Qwert :testing 590
(07:17 am) JoeyTSA
:yeah, tell her to not get greedy
haha
(07:17 am) JoeyTSA :back in
20
(07:17 am) Qwert :i am
(07:33 am)
regatta :watching OZM
(07:42 am)
skydiver :have a great day all —
didn’t get much done with technical issues .
. I’ll be in and this week . . have lots of
morning meetings . . .make lots $$$ and thnx
for great csalls
(08:02 am) Murano :reduce
SHLD short no shares to short at
Lightspeed
(08:08 am) JoeyTSA :AAPL still
on fire
(08:09 am) Murano :monitoring
MPC has run in resistance around
94.60 in the past
(08:15 am) Murano
:reduce MPC if short
(08:20 am) JoeyTSA
:decen pllback past 15min
(08:20 am)
JoeyTSA :watching for next AAPL
breakout
(08:27 am) Murano :covdered last
1/4 MPC
(08:30 am) JoeyTSA :anything
causing this pullback?
(09:08 am) Mitch
King:Im thinking this Russian situation isnt
helping plus i think we still there is an
overall selling pressure that needs more time
to finish
(09:10 am) Murano :weak bounce
ICLR be careful
(09:10 am) Mitch
King:could give a small pop that RB is
possible final bidder of its consumer health
business
(09:17 am) Murano :out all
ICLR got impatient
(09:24 am) Murano
:reduce MNK if short I missed the
trade
(09:35 am) JoeyTSA :thx for info
Mitch
(09:36 am) regatta :watching
CST
(09:51 am) JoeyTSA :watching AZN,
nothing pressing yet
(09:55 am) Murano
:monitoring BBY
(09:55 am) Mitch
King:whenever i work with a stock like MRK, i
knew it was going to be a slow moving stock
but that news definiitely moved it over 50
cents. it didnt take much time to get
long the stock after that news hit
(10:04
am) regatta :SPY lod
(10:09 am)
Murano :reduce BBY short
(10:19 am) Murano
:covered last 1/4 BBY
(10:28 am) Mitch
King:starting to snoop around for another MRK
long entry
(10:30 am) Mitch King:good call
on CST regatta and qwert
(10:52 am)
JoeyTSA :TSLA with a bit of a pop
(10:52
am) JoeyTSA :same with indices
(10:53 am)
regatta :watching OLED
(11:08 am)
regatta :watching NQ
(11:15 am)
Mitch King:feels like market is trying to
bottom a little
(11:15 am) Mitch King:good
eye reg
(11:26 am) JoeyTSA :great bounces
again, /NQ over 3500
(11:49 am)
JoeyTSA :crazy day today, big selloff
with some decent bounces along the
way
(11:52 am) Mitch King:good job on NQ
reg, you get that short? thats the one
Carson shorted last Fall, founder of Muddy
Waters
(11:54 am) regatta :tks
mitch, i missed the short, just got back to
my computer
(11:55 am) Mitch King:there is
a forbes article from april 16th where Carson
blok from muddy waters is saying there is
still widespread accounting fraud among
chinese companies, “tip of the iceberg” is
phrase being used
(11:55 am) Mitch
King:China doesnt have the financial
accounting standards, or auditing and the
consequences of fraud
(11:56 am) Mitch
King:probably a lot of payoffs to accounting
firms by companies in China
(11:57 am)
JoeyTSA :yeah, i think once nQ gets thru
this, they should hve a nice run
(11:57
am) Mitch King:what time frame?
(11:57 am)
JoeyTSA :long term
(11:58 am) Mitch
King:You mean this drop under $10 a couple
weeks ago on the daily chart?
(11:58 am)
JoeyTSA :i would wait until all this blows
over
(11:58 am) JoeyTSA :they do have a hq
in Dallas alo
(11:58 am) JoeyTSA :so not a
full chinese company to me
(11:59 am)
JoeyTSA :mobile security is a big
arena
(11:59 am) Mitch King:right, really
volatile, the risk reduces as price
drops. i like to avoid longer term
holds on long side on any company with
accounting problems
(12:00 pm) Mitch
King:the trend for chinese companies is to
open US branch or headquarters to change
address from Schenzen, China
(12:00 pm)
JoeyTSA :agreement to provide software for
every Android on Sprint
(12:00 pm) Mitch
King:it looks beter
(12:01 pm) JoeyTSA :an
also largest game maker for iPhones in
china
(12:01 pm) JoeyTSA :doesnt mean they
are a good buy now though
(12:03 pm)
JoeyTSA :getting ready to call it a
day
(12:04 pm) JoeyTSA :Thanks
Mitch,Murano,Qwert,everyone..enjoy the day,
see you all tomorrow
(12:04 pm) Qwert :cya
Joey
(12:06 pm) Murano :see you
joey
(12:08 pm) klas :see ya
joey
(12:19 pm) skydiver :jumping on
for a minute or so — TSLA and other stocks –
nice rebound
(12:43 pm) Murano :covered
all STAR
(12:46 pm) Murano :done for the
day, see you tomorrow
(12:46 pm) Qwert
:cya murano
(12:54 pm) skydiver
:Have a great day all . . . might not be in
tonmorrow morning . not sure yet
(12:56
pm) Mitch King:if we had more time SSI drop
was interesting
(12:57 pm) Mitch
King:later guys, thanks for help
everyone
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