09/19/2014 Live Update

[fehro]

INDEX Dailies.... RUT no likey BABA nearing 50d SMA, outside reversal atm

[Al_Dente]

[Tutti]

WSJ
11:09 am ET
BABA
“The investors who got stock paid $68 per share. Friday, early indications were the stock would open between $91 to $92, suggesting at least a 34% gain at the open if the price sticks…”

Nope. No sign of froth or a top here. No Sir, not at all...

[uempel]

Intraday BPs not significant: BPNYA +0.09%, BPCOMPQ +0.14%, BPSPX +0.20%, BPNDX -1.43% - the others are flat.

[BigPicture]

Looks like they are punishing the AliBaba IPO syndicate for getting greedy.
IE, opening indication at $92-$93 takes all the profit out for anyone not in on the ipo.
So they are pushing the broader market down to get better prices on AliBaba.

[fehro]

WSJ
11:09 am ET
BABA
“The investors who got stock paid $68 per share. Friday, early indications were the stock would open between $91 to $92, suggesting at least a 34% gain at the open if the price sticks…”

Nope. No sign of froth or a top here. No Sir, not at all...

with no lock-up... I believe.. should be interesting...

[Al_Dente]

UNCONFIRMED RUMOR
11:24 et
"Here’s some intel from a few minutes ago from a buyside source who runs a large institutional investment firm and owns Alibaba stock: Goldman and the other trading desks are apparently looking at a market that has buy orders amounting to 55 million shares and sell orders amount to less than 1 million! That’s unconfirmed, but fits with what we’re seeing."

[fehro]

INDEX Dailies.... RUT no likey BABA nearing 50d SMA, outside reversal atm

RUT 50d/200d both at 1151ish... 50d above 200d by 0.34 points.. nearing cross

[Tutti]

Here is the tiny piece that makes this a better story, "...Gorelick was one of the first investors in the Seattle-based chain. He was introduced to Starbucks chief Howard Schultz through an uncle, before the company went public, and soon bought a stake. Shares are up more than 12,000 percent since beginning public trade.>

starbucks is the new coca cola.

So, Kenny G was in one the ground floor of the modern day equivalent of Coke?!?! Excuse me while I go on a murderous rampage

Good for Kenny G. I just hope not to read anything about how Vanilla Ice OWNING THE RIGHTS TO QUEENS UNDER PRESSURE

Kenny G, Beiber and Vanilla ice in one post? I need a silkwood shower.

[/size]

This should do for that silkwood shower, Vanilla Ice explaining how he purchased the rights to the song: https://www.youtube.com/watch?v=ju8Np2nxVzU

[Al_Dente]

Alibaba Begins Trading at $92.70

[daytradingES]

Friends , Can anyone tell me what will be the Settled value of ES Sep 2014.

The last traded rate ES Sep 2014 is 2019.25, but i know it is settled at opening price , but what is the opening price is it the S&P500 index opening price. i see in yahoo finance, the opening price is 2012.74. I bought ES2015 put for pennies, will i make some money. As per the opening price of 2012.74/-, the in the money value of the put will be settled at 2.24, is that correct ? can any one guide me.

Thankyou

chetas, my understanding is: today's ES front contract stopped trading at 9:30am EST. It's final price will be determined by SOQ. What is SOQ:
(SOQs are calculated per normal index calculation procedures except that the values for the respective components are taken as the actual opening auction values for each of the component equities at either the NYSE or NASDAQ. The SOQ for the S&P 500 may be referenced on Bloomberg systems with the ticker symbol “SPXSET <INDEX>”.)

We will know the ES's SOQ at about the end of today, say 5pm EST. SOQ normally is close to the ES price at 9:30am of September contract. I guess ES SOQ will be close to 2020.00 for today.

If you have a SEP put at 2015 and if it closes at 2020 aren't you out-of-the-momey by $5 and the put will expire worhtless?

[Tutti]

Alibaba Begins Trading at $92.70

...and oh so |--| close to that $100 dollar role...But not going to make it in the 1st 15 minutes of trading at least.

this is really amusing to watch.

[BigPicture]

Flower girl,
Re the puzzle you gave us yesterday
I've been working on it and so far what I have come up with is I notice the numerological value of the number of shares traded is equal to the numerological value of the time stamp in only one of the block trades you gave us--the second one on the list. So, 500,920 shares = 5+9+2=16=1+6=7. And, 15:50:14=1+5+5+1+4=16=1+6=7. So I examined that one more closely, and you can get 202.50 in a couple of ways. Take the last two digits of the # of shares (because obviously SPY is not going to a nine handle over the next few days) and the reverse order on the time stamp, where 14 means 2 so the reverse order is 2.50, so with the 20 shares from the end of 500,920 you get 202.50. Or you can disregard shares entirely and just use time stamp by just assuming a 200 handle.

Curious if I am on the right track?
Thanks!

2014-09-16
BLOCK TRADE: $SPY 1,001,796 shares @ $200.47 [15:53:15]
BLOCK TRADE: $SPY 500,920 shares @ $200.47 [15:50:14]
BLOCK TRADE: $SPY 500,905 shares @ $200.47 [15:01:43]
BLOCK TRADE: $SPY 1,001,815 shares @ $200.47 [14:40:38]
BLOCK TRADE: $SPY 1,001,810 shares @ $200.47 [14:13:13]
BLOCK TRADE: $SPY 2,504,490 shares @ $200.47 [12:58:29]
BLOCK TRADE: $SPY 500,898 shares @ $200.47 [12:03:02]
BLOCK TRADE: $SPY 2,003,592 shares @ $200.47 [12:01:30]
BLOCK TRADE: $SPY 1,001,815 shares @ $200.47 [11:36:26]
FlowerGirl

Posts: 298
Joined: Wed Apr 10, 2013 9:07 am
Top

[fehro]

SPX 15m... morning gap filled. RUT slips below 50d/200d

[chetas]

Yes, I miscalculated and lost money, Silly me.

Wish I also watched Forest Gump

[Out of Bounds]

covered short 200.79

[finman66]

I'm sure we will look back in the coming days, weeks, and months and remark that the BABA ipo marked the top.

[Cobra]

target met. vol surge, biggest red so might see rebound here first then we'll see.

[uempel]

Let's see if it falls out of the channel. Bye guys, I'm off.

[MrMiyagi]

spy