Sep 22 2008
Session Time: Mon Sep 22 00:00:00 2008
[08:07] {Threei} ET BLUE TERMINAL EVACUATED AT JFK AIRPORT - FOX NEWS
[08:23] {magoo} morninmg
[08:23] {Threei} Good morning
[08:27] {Threei} AIG getting buyers
[08:34] {Threei} MS
[08:34] {Threei} JAPAN'S MUFG TO BUY UP TO 20% STAKE; PRICE NOT DETERMINED YET WHILE DUE DILLIGENCE UNDERWAY
[08:34] {Threei} - Mitsu will send at least 1 Board member to sit on Morgan Stanley's Board
[08:39] {Threei} MSFT
[08:39] {Threei} RAISES DIV; AUTH $40B BUYBACK
[08:43] {Threei} (JP) JAPAN FIN MIN: JAPAN WILL NOT BAN SHORT-SELLING
[08:43] {Threei} one sane place remains, I see
[08:47] {magoo} MS moving pretty good
[08:51] {peterg} kondichiwa
[08:52] {peterg} ohio gozymas
[08:52] {Threei} ummm... good morning, I guess
[08:52] {peterg} dont know japanesse for gm?
[08:52] {peterg} you will
[08:52] {Threei} how come it involves ohio? :)
[08:52] {peterg} dk
[08:53] {peterg} sounds like
[08:53] {peterg} lol
[08:54] {Threei} AIG
[08:54] {Threei} TO ISSUE A LIST OF ASSETS THAT MAY BE SOLD IN THE NEXT 7 TO 10 DAYS - CNBC INTERVIEW
[08:55] {Threei} CEO LIDDY DOES NOT THINK AIG WILL NEED TO DRAW ENTIRE $85B FED LOAN - CNBC
[08:55] {Threei} 4.45 Fri high
[08:56] {pita} morning everyone, is the sky secure?
[08:56] {Threei} Atlas is still trying to make up his mind...
[09:01] {magoo} wheres the play on AIG vad?
[09:01] {Threei} pullback is preferrable vs breakout
[09:01] {magoo} support 4?
[09:02] {Threei} as much as premarket charts can be trusted, yeah
[09:02] {fernp} Good morning
[09:02] {Threei} fern :)
[09:03] {Threei} CNBC'S LIESMAN: GOLDMAN UNDERTAKING A CAPITAL RAISE SOON
[09:04] {dino} gm all
[09:05] {Threei} dino :)
[09:08] {Onix} good morning all
[09:09] {Threei} onix :)
[09:13] {tomg} gm all
[09:13] {Threei} tom :)
[09:19] {peterg} Paul Krugman in NYT suggests bailout is "cash for trash."
[09:20] {cosmo} Barrons likes CIEN fwiw
[09:21] {esemde} good morning......
[09:22] {Threei} ese :)
[09:22] {esemde} anything new and exciting...
[09:22] {Threei} brave new world
[09:23] {esemde} how so?
[09:23] {Threei} MS and GS become bank holding companies
[09:24] {esemde} i get ya......they will invest away all US gold reserves
[09:24] {Threei} I'd call it extreme makeover
[09:25] {Threei} they effectivcely obtain right to open deposit accounts
[09:25] {esemde} in an attemp to lower hundred trillion dollar debt or so
[09:25] {esemde} that is scarry!!!
[09:25] {Threei} in doing so they become a subject of much stricter oversight and regulations, but liquidity problem will be solved
[09:26] {peterg} Paulson demands control, and no back talk and never ever be tried as crook
[09:26] {esemde} thats OK ...dino magshawk Raven the whole crew can move up here
[09:26] {Threei} umm...
[09:27] {peterg} After year and a half of everythings ok, now he needs the whole checkbook now
[09:27] {peterg} no oversight
[09:27] {Threei} Paulson insists on status that is practicaly next to god
[09:27] {peterg} that is a problem imho
[09:27] {Threei} AIG broke out after shallow pullback
[09:27] {peterg} infected by bush
[09:28] {cosmo} calamine lotion might help?
[09:28] {peterg} injected!
[09:29] {esemde} ya $25 shallow pullback....
[09:30] {esemde} whats up with CIEN...
[09:31] {Threei} mentioned in Baron's as one of attractive places to [park money
[09:31] {Threei} QTWW
[09:31] {Threei} IGN AGREEMENT WITH LEADING ITALIAN RENEWABLE ENERGY SYSTEM INTEGRATOR
[09:34] {Threei} Long Setup: AIG 4.50 if stays above 4.35
[09:37] {Threei} AIG half out 4.7
[09:37] {Threei} scalpers are scalpers
[09:37] {magoo} full out here
[09:38] {tomg} thanks vad
[09:38] {Threei} welcome tom
[09:38] {Onix} ty Vad, good one!
[09:38] {esemde} gj boys.....just wasn't on it fast enough
[09:38] {peterg} ty!
[09:38] {Threei} 1/4 more out 4.85
[09:39] {Threei} onix :)
[09:39] {Threei} offering last portion 4.95
[09:39] {dino} v sm l .30 stop .97
[09:39] {Threei} stop 4.59
[09:39] {Threei} hit
[09:39] {Threei} out in full
[09:40] {pita} missed, but nice call Vad
[09:40] {Threei} ty
[09:40] {Threei} watching for pullback
[09:40] {Threei} this thing is in play
[09:40] {Threei} US PRESIDENT BUSH: MARKET BAILOUT PLAN SHOULD HAVE RELEVANT PROVISIONS
[09:42] {dino} out v stopped -.33
[09:42] {Threei} don't be in a rush to jump on it, pullbacks are rather harsh
[09:43] {esemde} watching SIMO....
[09:43] {magoo} nice read vad
[09:43] {Threei} I would prefer it somewhere close to 4.50
[09:43] {magoo} might get too .35 area
[09:43] {magoo} premkt area of interest
[09:43] {peterg} how do you think no short selling influences downside?
[09:43] {peterg} or does it
[09:43] {Threei} at the moment, it limits downside, but down the road it will increase it
[09:44] {peterg} thks, makes sense
[09:44] {Threei} wow WM
[09:45] {esemde} you thinkin pull back Vad WM
[09:46] {Threei} don't know ese... such selloff showqs there is a lot of uncertainty about its destiny
[09:47] {magoo} down 100
[09:47] {esemde} message received and noted...
[09:49] {GeoArb} gm
[09:49] {Threei} Geo :)
[09:49] {esemde} .20 up with NVDA though
[09:49] {magoo} Geo:)
[09:49] {Threei} AIG pullback isn't vceru deep
[09:50] {Threei} probably becomes a break candidate if consolidates close enough to 5
[09:50] {Threei} so far .75 is support,
[09:50] {Threei} I'd prefer closer stop obviously
[09:50] {esemde} motley fool was reccomending NVDA in a couple of articles as well on the weekend
[09:51] {Threei} let's see if it's holding above .85
[09:53] {Threei} daily looks rather nicely on NVDA, ese
[09:53] {esemde} I like the look of it too....
[09:54] {dino} wtfc blood
[09:55] {esemde} down 4 dino....right up your alley
[09:55] {dino} last try sm v .75
[09:55] {esemde} bstop CIEN .72 3/4
[09:57] {Threei} AIG decided on pullback
[09:57] {Threei} will lose .50 most likely
[09:58] {Threei} WM
[09:58] {esemde} need indexes to go my way
[09:58] {Threei} TO REPORTEDLY HOLD OFF UNTIL THE FED BAILOUT DETAILS ARE IN EFFECT BEFORE THE DECISION TO SELL COMPANY IS MADE - CNBC
[09:59] {Threei} Short Setup: ESLR 6.04 if stays under 6.10
[10:01] {esemde} long CIEN .70
[10:03] {dino} artc
[10:04] {Onix} in ESLR @ 6.04
[10:06] {esemde} added some more ...full lot CIEN
[10:10] {Threei} quite narrow range
[10:10] {Threei} market is waiting for some shoe to drop
[10:10] {dino} v sm wynn l .50 risky
[10:14] {Threei} AIG new wave of frenzy
[10:15] {Threei} want 5.01 trigger with nice tight consolidation
[10:15] {Threei} stop no farther than .84
[10:16] {Threei} so, ideally, couple more back and forth, not losing .85 anymore
[10:17] {Threei} so far so good
[10:18] {esemde} talk about your slow climber CIEN....
[10:19] {peterg} looking for the weak spot in the Death Star....
[10:19] {esemde} i'll say...
[10:19] {magoo} down 148 here
[10:20] {peterg} if aig doesnt bust 5, ill miss all the fun cz gotta go2 dayjb
[10:20] {esemde} should make it to 12 if it gets past this .80 level
[10:20] {esemde} see ya peter...i'm in the same boat....
[10:20] {peterg} 5 min more
[10:21] {peterg} naah, too edgy. Back later all
[10:21] {Threei} take care peter
[10:21] {peterg} u2
[10:22] {magoo} eating 5 vad
[10:23] {Threei} want to see it eaten
[10:23] {magoo} 5 seems endless
[10:24] {Threei} that's why I don't want aggressive entry on it
[10:24] {Threei} if it doesn't give up, drop will be cruel
[10:26] {Threei} ESLR stop to 6.06
[10:27] {Threei} stopped AIG
[10:28] {Threei} can't believe it ate those huge offers only to dtop immediately
[10:28] {Onix} stopped AIG
[10:31] {dptl} good morning all
[10:31] {Threei} dp :)
[10:35] {dino} wtfc partioal l .53
[10:37] {esemde} out CIEN.....-.04 it's going nowhere
[10:37] {dino} wynnstop to .70
[10:37] {dino} wtfc remainder at .40
[10:38] {dino} out wynn slippped .68, +1.18
[10:39] {magoo} tough crowd dinio:)
[10:39] {dino} yeah, same old, same old
[10:40] {Threei} hehe
[10:43] {Threei} WSJ: SENATE FINANCIAL BAILOUT PACKAGE DRAFT INDICATES THERE WOULD BE LIMITS ON EXECUTIVE COMPENSATION, WITH OVERSIGHT LED BY BOARD ENCOMPASSING THE FED, SEC, AND FDIC
[10:43] {Threei} {XLF}
[10:46] {esemde} nice work dino.......just looked at wynn
[10:48] {dino} :)
[10:55] {dino} look at wtfc, tcbk, cobz all banks, all down huge, but we can't short them
[10:56] {Threei} out ESL
[10:56] {Threei} ESLR
[11:06] {esemde} see you all tomorow.....
[11:06] {Threei} take care ese
[11:06] {Chaeron} bye ese
[11:06] {esemde} see ya vad
[11:06] {fernp} bye ese
[11:06] {esemde} fern
[11:06] {dino} cya es
[11:10] {GeoArb} is daytrading dead
[11:10] {Threei} yup... forever
[11:11] {GeoArb} geo{- will trade tiddlywinks
[11:11] {Threei} what are those?
[11:11] {dino} wtfc stop to .74
[11:11] {GeoArb} http://en.wikipedia.org/wiki/Tiddlywinks
[11:12] {dino} out major slip ave .45 +1.00
[11:12] {dino} that sucked
[11:13] {GeoArb} +1 sucked?
[11:13] {dino} had 1.50 slipped me .30
[11:13] {dino} but , what the heck
[11:14] {Threei} really
[11:16] {GeoArb} I am sorry heheheh but:
[11:16] {GeoArb} http://www.time.com/time/nation/article/0,8599,1843168,00.html?cnn=yes
[11:17] {GeoArb} i wonder if they get paid by the headline
[11:19] {Threei} amazingly slow market after last week turbulence
[11:19] {GeoArb} noone is sure whats going on
[11:19] {Threei} I guess
[11:19] {GeoArb} skf is all wierd
[11:19] {GeoArb} cant open new positions i think
[11:19] {Threei} waiting for rescue plan to shape up
[11:20] {Threei} ASKF is scewed by shorting limitations
[11:20] {GeoArb} yup
[11:20] {GeoArb} no one is sure of the rules anymore
[11:20] {GeoArb} i think i am going to learn how to trade porkbellies
[11:22] {peterg} Barrons also said use bond funds for 5% to park cash
[11:22] {Threei} don't know about pork bellies but stock market is looking at giant rally once this package goes through... IMO
[11:23] {GeoArb} true
[11:23] {Threei} AIG
[11:23] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:23] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {pita} Warren to the rescue?
[11:24] {GeoArb} he is the only capitalist left
[11:24] {Threei} MS
[11:24] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:24] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {Threei} oops
[11:24] {Threei} MS
[11:24] {Threei} MITSUBISHI WILL REPORTEDLY PAY $31.25/SHR
[11:24] {GeoArb} poor guy..... every time the assets gets priced at a point he is ready to buy socialist govn mucks it up for him
[11:25] {Threei} - Note there were earlier reports that Mitsubishi would be taking a stake at $31/shr{8306.JP}
[11:26] {GeoArb} hey vad trivia......... did ya know nikon is a mitsubishi subsidiary?
[11:26] {Threei} US TREASURY SPOKESPERSON: SEC PAULSON HAD GOOD TALKS WITH CONGRESS, CONFIDENT CONGRESS WILL PASS BILL THIS WEEK
[11:26] {Threei} nope
[11:26] {GeoArb} they dont advertize it as nikon has higher brand value
[11:28] {Threei} CEG
[11:28] {Threei} EDF HAS SUBMIITED PROPOSAL REQUEST THAT INCLUDES AN OFFER FOR $35/SHR - FILING
[11:29] {GeoArb} democrats want ceo pay regulation in the bill
[11:29] {GeoArb} paulson is refusing
[11:30] {GeoArb} http://online.wsj.com/article/SB122209290438362805.html
[11:33] {cosmo} ... too bad we cant have Pat Paulson running things...
[11:34] {Threei} CEG
[11:34] {Threei} CEO: REPORTEDLY ACCEPTED $35/SHR SUPERIOR OFFER FROM EDF - CONF CALL
[11:35] {Threei} so why is it 7 bucks lower?
[11:36] {pita} Market down USO up, time to short UAUA at break of lows?
[11:37] {Threei} most likely
[11:38] {Threei} but let's keep tight stop
[11:38] {Threei} it trades wierd
[11:38] {Threei} stop above .20 I'd say
[11:41] {dino} umbf
[11:41] {dino} arow fast drop
[11:54] {Threei} good read UAUA pita
[11:55] {dino} chtt
[11:56] {magoo} vad, laser message breaking error trades from friday...i double clicked to be sure not us and lost the message
[11:57] {magoo} was it those ZION trades?
[11:57] {Threei} yup
[11:59] {dino} sm chtt l .40
[12:01] {dino} v sm umbf l .66
[12:09] {Threei} pita, covered UAUA under 12?
[12:10] {Threei} FITCH: US GOV'T RESCUE PLANS ARE "MANAGABLE" WITHIN AAA SOVEREIGN RATING, GOV'T RATING IS SUPPORTED BY A DIVERSIFIED, HIGH-INCOME ECONOMY AS WELL AS USD'S STATUS
[12:10] {Threei} {EUR/USD GBP/USD USD/CHF USD/JPY USD/CNY USD/CAD}
[12:11] {magoo} l rimm .30 here small
[12:12] {Threei} I agree mags
[12:12] {Threei} market is probably putting a bottom in and getting ready for reversal
[12:12] {dino} feeling same
[12:13] {Threei} still can't believe how quiet today's market is
[12:13] {Threei} you would expect all the hoopla of last to carry over just a tad
[12:15] {magoo} grrrrrrrrrrr
[12:15] {dino} everything going spready
[12:16] {Threei} a bit too early on RIMM
[12:16] {Threei} don't get stubborn, wait for better entry
[12:19] {pita} later all
[12:19] {Threei} take care pita
[12:20] {dino} cya pita
[12:20] {magoo} aapl went..rimm should
[12:22] {Threei} swampy action
[12:23] {Threei} if not that first morning trade on AIG, would be a totally wasted day not worth waking up
[12:31] {Threei} WB
[12:31] {Threei} S&P CUTS RATINGS ON 2 CDOS RELATED TO WB
[12:35] {dino} celg sm l .99
[12:46] {Threei} so far, market holds the bottom
[12:47] {Threei} but it feels like it's not going anywhere for real until the destiny of rescue package is decided upon
[12:47] {Threei} AIG is above 5 again
[12:48] {dino} chtt stop to .90
[12:52] {Threei} why the heck QID is not shortable
[12:52] {Threei} what's wrong with shorting ultrashort
[12:52] {dino} i could'nt get dxd either
[12:52] {dino} whats dji ultra long symbol?
[12:52] {magoo} shorting ultrashort
[12:53] {magoo} those two words vad
[12:54] {hawkfan4} i think it's DDM dino
[12:54] {dino} wtfc sm l .53
[12:55] {dino} yes, thx hawk
[12:55] {dino} out chtt .99, +.59
[12:57] {Threei} SKF range 5 dollars...
[12:57] {Threei} when was it trading in such narrow range
[12:57] {Threei} if at all
[12:58] {Threei} wow oil
[12:59] {dino} skf in theory should be up, but who knows what it does now
[13:00] {Threei} yeah, they totally ruined its structure
[13:00] {dino} seriously, banks are down big
[13:00] {Threei} no kidding...how can SKFD be in red with banks down
[13:01] {dino} celg stop to .29
[13:01] {dino} changed the rules
[13:02] {dino} out celg .29, +.30
[13:02] {Threei} so far, even before the package is adopted, it's killing $USD, sending oil and gold up
[13:02] {Threei} scared to think what 700B will do to it
[13:04] {dino} in theory, they should be able to make money off those mortgages, over time....but then again it's the govt. and as ron regan said.."the 9 scariest words, i'm from the gov't and i'm here to help"
[13:05] {Threei} lol
[13:05] {Threei} boy was he right
[13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[13:09] {Threei} morning rush gave it nice push... became much harder ever since
[13:18] {dino} lod's
[13:24] {Threei} MOODY'S: US AAA RATING IS 'UNSHAKEN'
[13:25] {Threei} USD FALLS 2% AGAINST THE EURO, THE BIGGEST ONE DAY DECLINE IN SEVEN YEARS
[13:35] {hawkfan4} wow oil, halted
[13:36] {dino} huh?
[13:36] {Threei} sheesh
[13:36] {hawkfan4} limit up
[13:36] {Threei} Nymex halted oil trading for 5 minutes
[13:36] {dino} out wtfc spiked, .53, +1.00
[13:36] {dino} right thru me another buck
[13:37] {dino} we are witnessing some historic actions
[13:38] {Threei} totally
[13:38] {dino} dude
[13:38] {dino} :)
[13:39] {dptl} dude..lol
[13:43] {Threei} is this the biggest one day run-up in oil?
[13:44] {dino} :dk
[13:44] {dino} thinking no
[13:46] {Threei} REP FRANK: TREASURY PLAN WILL COST LESS THAN $700B
[13:46] {Chaeron} he needs to go
[13:47] {Threei} GS
[13:47] {Threei} NO PLANS TO RAISE CAPITIAL - UNCONFIRMED REPORT
[13:47] {Threei} uh oh
[13:47] {Threei} famous last words
[13:50] {dino} sm l celg .60
[13:50] {Threei} REP FRANK: ADMINISTRATION AGREES ON SHARE WARRANT STIPULATIONS, TREASURY PLAN WILL COST LESS THAN $700B WHEN ALL IS SAID AND DONE, HOUSE AND SENATE PLANS ARE "PRETTY CLOSE"
[13:50] {Threei} - Notes does not believe that hedge funds will be able to participate in the plan put forth by the Treasury
[14:00] {dino} schw
06[14:07] * Threei slaps laserdave1 around a bit with a large trout
06[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:09] {hawkfan4} AIG new hod
06[14:15] * magoo slaps laserdave1 around a bit with a large trout
06[14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:15] {dino} celg stop to .99
[14:15] {magoo} thats for gettin in between us there lol
[14:16] {Threei} lol
[14:17] {GeoArb} dave dcc pls
[14:17] {dino} make celg .25
[14:19] {Threei} AIG requires much more patience today than I am capable of
[14:19] {Threei} [13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[14:19] {dino} out celg .25, +.65
[14:20] {Threei} what the hell is going with oil?
[14:21] {Threei} Nov contract is 109 but Oct 127?
[14:21] {hawkfan4} oil insane. dollar weakness+ the oct contract expires today
[14:21] {dino} short squeeze?
[14:22] {Threei} ooohhh... contract expiration
[14:23] {Threei} {--- crying about AIG
[14:23] {magoo} me too vad..blowing tears and nose
[14:24] {Threei} why do I have this feeling hawk is riding it from 4.50
[14:24] {Threei} 1 mil shares too
[14:24] {hawkfan4} 4.04 from Friday ;})
[14:25] {Threei} sh*t :)
[14:25] {Threei} it's even worse than I thought, lol
[14:25] {hawkfan4} lol
[14:25] {Threei} ok hawk, you may or may not feel it's right thing to do, but I gotta do what I gotta do
06[14:25] * Threei slaps hawkfan4 around a bit with a large trout
[14:26] {hawkfan4} whew, been a while, was feeling left out
[14:26] {Threei} lol
[14:26] {Threei} just wait till magoo picks himself up from the floor
[14:28] {magoo} been awhile??i hit u earlier ol
[14:28] {magoo} but........................
06[14:28] * magoo slaps hawkfan4 around a bit with a large trout
[14:28] {hawkfan4} lol, missed that one, 3rd time's the charm :)
[14:29] {Threei} of cpurse you missed that one... been too busy counting millions made on this trade
06[14:30] * dino slaps magoo around a bit with a large trout
[14:30] {magoo} [14:07] * Threei slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:08] * Chaeron slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:09] {hawkfan4} AIG new hod
[14:30] {magoo} [14:15] * magoo slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:30] {magoo} [14:15] {magoo} thats for gettin in between us there lol
[14:30] {hawkfan4} ha, nice!
[14:32] {Threei} NY GOV PATTERSON REPORTEDLY HAS A PLAN TO PROTECT AGAINST SPECULATION
[14:32] {Threei} huh?
[14:36] {dino} what the hell, isn't that what buying stocks, commodities, and real estate is all about
[14:36] {Threei} no kidding
[14:36] {Threei} actually it's very easy to atop specualtion
[14:36] {dino} speculation is my occupation
[14:37] {Threei} assign all the prices to all the goods
[14:37] {Chaeron} socialism?
[14:37] {Threei} just don't forget to ask Soviet Uniom how it worked out
[14:37] {magoo} magoo looking up the word spectrolizution in pictionary
[14:37] {dino} speaking of that sold that foreclosure sunday
[14:37] {Threei} ok, one thing I need explanation on
[14:38] {Threei} we don't want certain stocks to go down, so we ban shorts
[14:38] {Threei} but we also don't want oil to go up
[14:38] {dino} so ban longs, lol
[14:38] {Threei} what is to prevent us from baning longs on oil?
[14:38] {Threei} can't buy it
[14:38] {Threei} period
[14:38] {Threei} can sell only
[14:39] {dino} it's ok to short commodities but not stocks is the thinking
[14:39] {Threei} and can't even buy back higher than, umm, say 50.bbl
[14:39] {dino} what do you expect from politicians
[14:39] {Threei} hmmm
[14:39] {Threei} do that right thing of course?
[14:39] {Threei} act accordingly to their conscience?
[14:39] {Threei} deliver on election promises?
[14:40] {dino} it is all about getting re-elected. don't kid yourself.
[14:40] {Threei} put constituents first?
[14:40] {Threei} wait... let me wake up
[14:41] {cosmo} speculate on a 401k, why dont ya
[14:41] {Threei} great... now, after properly waking up, I expect them lie and cheat
[14:41] {Threei} sigh
[14:42] {cosmo} that can be medicated...
[14:42] {dino} i want to know when it became wrong to speculate
[14:43] {dino} it is what built this country
[14:44] {Threei} GM
[14:44] {Threei} FITCH CUTS RATINGS TO CCC FROM B-, OUTLOOK NEGATIVE
[14:45] {Threei} another bailout in the making?
[14:45] {Threei} not in a short list too
[14:45] {dino} yes, they are getting massive gov't loans
[14:46] {dino} vote is soon, they will get them
[14:46] {Threei} what a frikin burning shame
[14:46] {Chaeron} *sigh*
[14:47] {Threei} anything left in USA that actually makes money?
[14:47] {magoo} can't find spectroluationvitz in the pictionary guys??
[14:47] {magoo} is your trading room based in u.s vad?
[14:47] {Threei} it's Internet-based
[14:47] {Threei} lol
[14:48] {cosmo} we're non-local
[14:49] {dino} good thing or they would ban us
[14:49] {dino} fdx lod
[14:53] {Threei} FRE and FNM new highs
[14:54] {Threei} what's uo with those pigs
[14:54] {magoo} cosmo..u are "non-typical" lol
[14:58] {Chaeron} {Threei} what's uo with those pigs --- }} "speculators"
[14:59] {Threei} oh
[15:00] {Threei} MCD
[15:00] {Threei} NOTES BAC WILL NOT BOOST FRANCHISEE LOANS, ADVISES FRANCHISEES TO SEEK ALTERNATIVE FINANCING
[15:01] {Threei} IMCL
[15:01] {Threei} FIVE-YEAR ERBITUX DATA SHOWS SIGNIFICANT IMPROVEMENT IN SURVIVAL IN HEAD AND NECK CANCER
[15:01] {Threei} {BMY}
[15:06] {Threei} in AIG
[15:06] {Threei} too tempting
[15:06] {Threei} stop under 5
[15:08] {dino} ehth
[15:11] {magoo} where u in vad
[15:11] {magoo} do not want to chase
[15:11] {Threei} .15
[15:11] {Chaeron} I chased I guess.. .20
[15:12] {Threei} doeasn't look good
[15:14] {magoo} heres an oldie bur goodie
[15:14] {magoo} denny crane:)
[15:20] {dino} zion crash
[15:20] {Threei} darn shorts
[15:20] {Threei} wait
[15:20] {Threei} no shorts
[15:20] {Threei} spculators?
[15:20] {Threei} fre
[15:21] {Chaeron} darn govt reg
[15:21] {Chaeron} can I file for assistance for this stop?
[15:21] {Threei} I am sure
[15:22] {Chaeron} well, think of it... they get $$$ if I make money (taxes)... and everyone else is getting $$$
[15:25] {dino} sivb
[15:32] {Chaeron} stopped - .20
[15:33] {Chaeron} thank goodness for stops
[15:34] {Threei} absence of shorts doesn't work very well
[15:35] {dino} not at all, lots of banks down 5-15 bucks today
[15:37] {Threei} -320 DJI
[15:37] {Threei} time for another rescue package?
[15:38] {Threei} I mean, let's throw 700B at the market each -300 day
[15:38] {Threei} in a few weeks we might end up green
[15:40] {dino} don't count on it
[15:40] {Threei} on green?
[15:40] {Chaeron} The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.
[15:40] {Chaeron} Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.
[15:42] {dino} lod
[15:43] {GeoArb} sheesh
[15:43] {GeoArb} all my fertilizing and planting went to waste
[15:43] {GeoArb} arugula anyone?
[15:43] {Threei} wow AIG
[15:43] {Threei} what happened?
[15:43] {Threei} nmo news
[15:44] {dino} hmmm, new high was friday 11,483, previous was 11590. another lower high before dump
[15:45] {dino} and just about another 400 pt day.
[15:46] {Threei} the only guess I can make is, no covers to soften drop
[15:46] {dino} yes, thinking no shorts to cov. so no buyers at all
[15:47] {GeoArb} back at almost 1200 es
[15:49] {dptl} have a good evening all..see ya tomorrow :)
[15:50] {Threei} take care dop
[15:50] {Threei} dp
[15:50] {dino} later dp
[15:51] {Threei} WM??
[15:52] {Threei} TD IS REPORTEDLY CONSIDERING MAKING A BID FOR THE CO.
[15:52] {Threei} {TD}
[15:54] {Threei} now what, TD changed their mind?
[15:54] {Threei} WM MOODY'S CUTS FINANCIAL STRENGTH RATING TO E
[15:54] {Chaeron} don't think that stands for Excellent........
[15:55] {dino} (the)end
[15:55] {Chaeron} :)
[15:58] {Threei} well, they did just half of job
[15:58] {Threei} gotta ban selling by longs as well
[15:58] {Threei} then maybe...
[15:58] {Threei} US SENATOR REID: A 'RUBBER STAMP' OF MARKET RESCUE PLAN WILL NOT BE TOLERATED
[15:58] {Threei} {XLF}
[15:59] {Threei} dull and boring day
[16:00] {Threei} ends on sharo down too
[16:00] {Threei} shrp
[16:00] {Threei} did they save us or didn't they
[16:00] {dino} -4% since friday high
[16:00] {dino} dji
[16:01] {Threei} sigh
[16:01] {Threei} Ok guys, have a good evening
[16:01] {dino} u2 thx all
[16:01] {Threei} let's see if they save us once more tomorrow
[16:01] {Threei} I suspect if they save market couple times more, we will see DJI at 1000, lol
[16:02] {dino} oil biggest day on record
[16:02] {Threei} yup
[16:02] {dino} +15
[16:03] {dino} tater all, decent day
[16:11] {magoo} ty all
[16:25] {peterg} and to all a goodnight!
[08:07] {Threei} ET BLUE TERMINAL EVACUATED AT JFK AIRPORT - FOX NEWS
[08:23] {magoo} morninmg
[08:23] {Threei} Good morning
[08:27] {Threei} AIG getting buyers
[08:34] {Threei} MS
[08:34] {Threei} JAPAN'S MUFG TO BUY UP TO 20% STAKE; PRICE NOT DETERMINED YET WHILE DUE DILLIGENCE UNDERWAY
[08:34] {Threei} - Mitsu will send at least 1 Board member to sit on Morgan Stanley's Board
[08:39] {Threei} MSFT
[08:39] {Threei} RAISES DIV; AUTH $40B BUYBACK
[08:43] {Threei} (JP) JAPAN FIN MIN: JAPAN WILL NOT BAN SHORT-SELLING
[08:43] {Threei} one sane place remains, I see
[08:47] {magoo} MS moving pretty good
[08:51] {peterg} kondichiwa
[08:52] {peterg} ohio gozymas
[08:52] {Threei} ummm... good morning, I guess
[08:52] {peterg} dont know japanesse for gm?
[08:52] {peterg} you will
[08:52] {Threei} how come it involves ohio? :)
[08:52] {peterg} dk
[08:53] {peterg} sounds like
[08:53] {peterg} lol
[08:54] {Threei} AIG
[08:54] {Threei} TO ISSUE A LIST OF ASSETS THAT MAY BE SOLD IN THE NEXT 7 TO 10 DAYS - CNBC INTERVIEW
[08:55] {Threei} CEO LIDDY DOES NOT THINK AIG WILL NEED TO DRAW ENTIRE $85B FED LOAN - CNBC
[08:55] {Threei} 4.45 Fri high
[08:56] {pita} morning everyone, is the sky secure?
[08:56] {Threei} Atlas is still trying to make up his mind...
[09:01] {magoo} wheres the play on AIG vad?
[09:01] {Threei} pullback is preferrable vs breakout
[09:01] {magoo} support 4?
[09:02] {Threei} as much as premarket charts can be trusted, yeah
[09:02] {fernp} Good morning
[09:02] {Threei} fern :)
[09:03] {Threei} CNBC'S LIESMAN: GOLDMAN UNDERTAKING A CAPITAL RAISE SOON
[09:04] {dino} gm all
[09:05] {Threei} dino :)
[09:08] {Onix} good morning all
[09:09] {Threei} onix :)
[09:13] {tomg} gm all
[09:13] {Threei} tom :)
[09:19] {peterg} Paul Krugman in NYT suggests bailout is "cash for trash."
[09:20] {cosmo} Barrons likes CIEN fwiw
[09:21] {esemde} good morning......
[09:22] {Threei} ese :)
[09:22] {esemde} anything new and exciting...
[09:22] {Threei} brave new world
[09:23] {esemde} how so?
[09:23] {Threei} MS and GS become bank holding companies
[09:24] {esemde} i get ya......they will invest away all US gold reserves
[09:24] {Threei} I'd call it extreme makeover
[09:25] {Threei} they effectivcely obtain right to open deposit accounts
[09:25] {esemde} in an attemp to lower hundred trillion dollar debt or so
[09:25] {esemde} that is scarry!!!
[09:25] {Threei} in doing so they become a subject of much stricter oversight and regulations, but liquidity problem will be solved
[09:26] {peterg} Paulson demands control, and no back talk and never ever be tried as crook
[09:26] {esemde} thats OK ...dino magshawk Raven the whole crew can move up here
[09:26] {Threei} umm...
[09:27] {peterg} After year and a half of everythings ok, now he needs the whole checkbook now
[09:27] {peterg} no oversight
[09:27] {Threei} Paulson insists on status that is practicaly next to god
[09:27] {peterg} that is a problem imho
[09:27] {Threei} AIG broke out after shallow pullback
[09:27] {peterg} infected by bush
[09:28] {cosmo} calamine lotion might help?
[09:28] {peterg} injected!
[09:29] {esemde} ya $25 shallow pullback....
[09:30] {esemde} whats up with CIEN...
[09:31] {Threei} mentioned in Baron's as one of attractive places to [park money
[09:31] {Threei} QTWW
[09:31] {Threei} IGN AGREEMENT WITH LEADING ITALIAN RENEWABLE ENERGY SYSTEM INTEGRATOR
[09:34] {Threei} Long Setup: AIG 4.50 if stays above 4.35
[09:37] {Threei} AIG half out 4.7
[09:37] {Threei} scalpers are scalpers
[09:37] {magoo} full out here
[09:38] {tomg} thanks vad
[09:38] {Threei} welcome tom
[09:38] {Onix} ty Vad, good one!
[09:38] {esemde} gj boys.....just wasn't on it fast enough
[09:38] {peterg} ty!
[09:38] {Threei} 1/4 more out 4.85
[09:39] {Threei} onix :)
[09:39] {Threei} offering last portion 4.95
[09:39] {dino} v sm l .30 stop .97
[09:39] {Threei} stop 4.59
[09:39] {Threei} hit
[09:39] {Threei} out in full
[09:40] {pita} missed, but nice call Vad
[09:40] {Threei} ty
[09:40] {Threei} watching for pullback
[09:40] {Threei} this thing is in play
[09:40] {Threei} US PRESIDENT BUSH: MARKET BAILOUT PLAN SHOULD HAVE RELEVANT PROVISIONS
[09:42] {dino} out v stopped -.33
[09:42] {Threei} don't be in a rush to jump on it, pullbacks are rather harsh
[09:43] {esemde} watching SIMO....
[09:43] {magoo} nice read vad
[09:43] {Threei} I would prefer it somewhere close to 4.50
[09:43] {magoo} might get too .35 area
[09:43] {magoo} premkt area of interest
[09:43] {peterg} how do you think no short selling influences downside?
[09:43] {peterg} or does it
[09:43] {Threei} at the moment, it limits downside, but down the road it will increase it
[09:44] {peterg} thks, makes sense
[09:44] {Threei} wow WM
[09:45] {esemde} you thinkin pull back Vad WM
[09:46] {Threei} don't know ese... such selloff showqs there is a lot of uncertainty about its destiny
[09:47] {magoo} down 100
[09:47] {esemde} message received and noted...
[09:49] {GeoArb} gm
[09:49] {Threei} Geo :)
[09:49] {esemde} .20 up with NVDA though
[09:49] {magoo} Geo:)
[09:49] {Threei} AIG pullback isn't vceru deep
[09:50] {Threei} probably becomes a break candidate if consolidates close enough to 5
[09:50] {Threei} so far .75 is support,
[09:50] {Threei} I'd prefer closer stop obviously
[09:50] {esemde} motley fool was reccomending NVDA in a couple of articles as well on the weekend
[09:51] {Threei} let's see if it's holding above .85
[09:53] {Threei} daily looks rather nicely on NVDA, ese
[09:53] {esemde} I like the look of it too....
[09:54] {dino} wtfc blood
[09:55] {esemde} down 4 dino....right up your alley
[09:55] {dino} last try sm v .75
[09:55] {esemde} bstop CIEN .72 3/4
[09:57] {Threei} AIG decided on pullback
[09:57] {Threei} will lose .50 most likely
[09:58] {Threei} WM
[09:58] {esemde} need indexes to go my way
[09:58] {Threei} TO REPORTEDLY HOLD OFF UNTIL THE FED BAILOUT DETAILS ARE IN EFFECT BEFORE THE DECISION TO SELL COMPANY IS MADE - CNBC
[09:59] {Threei} Short Setup: ESLR 6.04 if stays under 6.10
[10:01] {esemde} long CIEN .70
[10:03] {dino} artc
[10:04] {Onix} in ESLR @ 6.04
[10:06] {esemde} added some more ...full lot CIEN
[10:10] {Threei} quite narrow range
[10:10] {Threei} market is waiting for some shoe to drop
[10:10] {dino} v sm wynn l .50 risky
[10:14] {Threei} AIG new wave of frenzy
[10:15] {Threei} want 5.01 trigger with nice tight consolidation
[10:15] {Threei} stop no farther than .84
[10:16] {Threei} so, ideally, couple more back and forth, not losing .85 anymore
[10:17] {Threei} so far so good
[10:18] {esemde} talk about your slow climber CIEN....
[10:19] {peterg} looking for the weak spot in the Death Star....
[10:19] {esemde} i'll say...
[10:19] {magoo} down 148 here
[10:20] {peterg} if aig doesnt bust 5, ill miss all the fun cz gotta go2 dayjb
[10:20] {esemde} should make it to 12 if it gets past this .80 level
[10:20] {esemde} see ya peter...i'm in the same boat....
[10:20] {peterg} 5 min more
[10:21] {peterg} naah, too edgy. Back later all
[10:21] {Threei} take care peter
[10:21] {peterg} u2
[10:22] {magoo} eating 5 vad
[10:23] {Threei} want to see it eaten
[10:23] {magoo} 5 seems endless
[10:24] {Threei} that's why I don't want aggressive entry on it
[10:24] {Threei} if it doesn't give up, drop will be cruel
[10:26] {Threei} ESLR stop to 6.06
[10:27] {Threei} stopped AIG
[10:28] {Threei} can't believe it ate those huge offers only to dtop immediately
[10:28] {Onix} stopped AIG
[10:31] {dptl} good morning all
[10:31] {Threei} dp :)
[10:35] {dino} wtfc partioal l .53
[10:37] {esemde} out CIEN.....-.04 it's going nowhere
[10:37] {dino} wynnstop to .70
[10:37] {dino} wtfc remainder at .40
[10:38] {dino} out wynn slippped .68, +1.18
[10:39] {magoo} tough crowd dinio:)
[10:39] {dino} yeah, same old, same old
[10:40] {Threei} hehe
[10:43] {Threei} WSJ: SENATE FINANCIAL BAILOUT PACKAGE DRAFT INDICATES THERE WOULD BE LIMITS ON EXECUTIVE COMPENSATION, WITH OVERSIGHT LED BY BOARD ENCOMPASSING THE FED, SEC, AND FDIC
[10:43] {Threei} {XLF}
[10:46] {esemde} nice work dino.......just looked at wynn
[10:48] {dino} :)
[10:55] {dino} look at wtfc, tcbk, cobz all banks, all down huge, but we can't short them
[10:56] {Threei} out ESL
[10:56] {Threei} ESLR
[11:06] {esemde} see you all tomorow.....
[11:06] {Threei} take care ese
[11:06] {Chaeron} bye ese
[11:06] {esemde} see ya vad
[11:06] {fernp} bye ese
[11:06] {esemde} fern
[11:06] {dino} cya es
[11:10] {GeoArb} is daytrading dead
[11:10] {Threei} yup... forever
[11:11] {GeoArb} geo{- will trade tiddlywinks
[11:11] {Threei} what are those?
[11:11] {dino} wtfc stop to .74
[11:11] {GeoArb} http://en.wikipedia.org/wiki/Tiddlywinks
[11:12] {dino} out major slip ave .45 +1.00
[11:12] {dino} that sucked
[11:13] {GeoArb} +1 sucked?
[11:13] {dino} had 1.50 slipped me .30
[11:13] {dino} but , what the heck
[11:14] {Threei} really
[11:16] {GeoArb} I am sorry heheheh but:
[11:16] {GeoArb} http://www.time.com/time/nation/article/0,8599,1843168,00.html?cnn=yes
[11:17] {GeoArb} i wonder if they get paid by the headline
[11:19] {Threei} amazingly slow market after last week turbulence
[11:19] {GeoArb} noone is sure whats going on
[11:19] {Threei} I guess
[11:19] {GeoArb} skf is all wierd
[11:19] {GeoArb} cant open new positions i think
[11:19] {Threei} waiting for rescue plan to shape up
[11:20] {Threei} ASKF is scewed by shorting limitations
[11:20] {GeoArb} yup
[11:20] {GeoArb} no one is sure of the rules anymore
[11:20] {GeoArb} i think i am going to learn how to trade porkbellies
[11:22] {peterg} Barrons also said use bond funds for 5% to park cash
[11:22] {Threei} don't know about pork bellies but stock market is looking at giant rally once this package goes through... IMO
[11:23] {GeoArb} true
[11:23] {Threei} AIG
[11:23] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:23] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {pita} Warren to the rescue?
[11:24] {GeoArb} he is the only capitalist left
[11:24] {Threei} MS
[11:24] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:24] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {Threei} oops
[11:24] {Threei} MS
[11:24] {Threei} MITSUBISHI WILL REPORTEDLY PAY $31.25/SHR
[11:24] {GeoArb} poor guy..... every time the assets gets priced at a point he is ready to buy socialist govn mucks it up for him
[11:25] {Threei} - Note there were earlier reports that Mitsubishi would be taking a stake at $31/shr{8306.JP}
[11:26] {GeoArb} hey vad trivia......... did ya know nikon is a mitsubishi subsidiary?
[11:26] {Threei} US TREASURY SPOKESPERSON: SEC PAULSON HAD GOOD TALKS WITH CONGRESS, CONFIDENT CONGRESS WILL PASS BILL THIS WEEK
[11:26] {Threei} nope
[11:26] {GeoArb} they dont advertize it as nikon has higher brand value
[11:28] {Threei} CEG
[11:28] {Threei} EDF HAS SUBMIITED PROPOSAL REQUEST THAT INCLUDES AN OFFER FOR $35/SHR - FILING
[11:29] {GeoArb} democrats want ceo pay regulation in the bill
[11:29] {GeoArb} paulson is refusing
[11:30] {GeoArb} http://online.wsj.com/article/SB122209290438362805.html
[11:33] {cosmo} ... too bad we cant have Pat Paulson running things...
[11:34] {Threei} CEG
[11:34] {Threei} CEO: REPORTEDLY ACCEPTED $35/SHR SUPERIOR OFFER FROM EDF - CONF CALL
[11:35] {Threei} so why is it 7 bucks lower?
[11:36] {pita} Market down USO up, time to short UAUA at break of lows?
[11:37] {Threei} most likely
[11:38] {Threei} but let's keep tight stop
[11:38] {Threei} it trades wierd
[11:38] {Threei} stop above .20 I'd say
[11:41] {dino} umbf
[11:41] {dino} arow fast drop
[11:54] {Threei} good read UAUA pita
[11:55] {dino} chtt
[11:56] {magoo} vad, laser message breaking error trades from friday...i double clicked to be sure not us and lost the message
[11:57] {magoo} was it those ZION trades?
[11:57] {Threei} yup
[11:59] {dino} sm chtt l .40
[12:01] {dino} v sm umbf l .66
[12:09] {Threei} pita, covered UAUA under 12?
[12:10] {Threei} FITCH: US GOV'T RESCUE PLANS ARE "MANAGABLE" WITHIN AAA SOVEREIGN RATING, GOV'T RATING IS SUPPORTED BY A DIVERSIFIED, HIGH-INCOME ECONOMY AS WELL AS USD'S STATUS
[12:10] {Threei} {EUR/USD GBP/USD USD/CHF USD/JPY USD/CNY USD/CAD}
[12:11] {magoo} l rimm .30 here small
[12:12] {Threei} I agree mags
[12:12] {Threei} market is probably putting a bottom in and getting ready for reversal
[12:12] {dino} feeling same
[12:13] {Threei} still can't believe how quiet today's market is
[12:13] {Threei} you would expect all the hoopla of last to carry over just a tad
[12:15] {magoo} grrrrrrrrrrr
[12:15] {dino} everything going spready
[12:16] {Threei} a bit too early on RIMM
[12:16] {Threei} don't get stubborn, wait for better entry
[12:19] {pita} later all
[12:19] {Threei} take care pita
[12:20] {dino} cya pita
[12:20] {magoo} aapl went..rimm should
[12:22] {Threei} swampy action
[12:23] {Threei} if not that first morning trade on AIG, would be a totally wasted day not worth waking up
[12:31] {Threei} WB
[12:31] {Threei} S&P CUTS RATINGS ON 2 CDOS RELATED TO WB
[12:35] {dino} celg sm l .99
[12:46] {Threei} so far, market holds the bottom
[12:47] {Threei} but it feels like it's not going anywhere for real until the destiny of rescue package is decided upon
[12:47] {Threei} AIG is above 5 again
[12:48] {dino} chtt stop to .90
[12:52] {Threei} why the heck QID is not shortable
[12:52] {Threei} what's wrong with shorting ultrashort
[12:52] {dino} i could'nt get dxd either
[12:52] {dino} whats dji ultra long symbol?
[12:52] {magoo} shorting ultrashort
[12:53] {magoo} those two words vad
[12:54] {hawkfan4} i think it's DDM dino
[12:54] {dino} wtfc sm l .53
[12:55] {dino} yes, thx hawk
[12:55] {dino} out chtt .99, +.59
[12:57] {Threei} SKF range 5 dollars...
[12:57] {Threei} when was it trading in such narrow range
[12:57] {Threei} if at all
[12:58] {Threei} wow oil
[12:59] {dino} skf in theory should be up, but who knows what it does now
[13:00] {Threei} yeah, they totally ruined its structure
[13:00] {dino} seriously, banks are down big
[13:00] {Threei} no kidding...how can SKFD be in red with banks down
[13:01] {dino} celg stop to .29
[13:01] {dino} changed the rules
[13:02] {dino} out celg .29, +.30
[13:02] {Threei} so far, even before the package is adopted, it's killing $USD, sending oil and gold up
[13:02] {Threei} scared to think what 700B will do to it
[13:04] {dino} in theory, they should be able to make money off those mortgages, over time....but then again it's the govt. and as ron regan said.."the 9 scariest words, i'm from the gov't and i'm here to help"
[13:05] {Threei} lol
[13:05] {Threei} boy was he right
[13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[13:09] {Threei} morning rush gave it nice push... became much harder ever since
[13:18] {dino} lod's
[13:24] {Threei} MOODY'S: US AAA RATING IS 'UNSHAKEN'
[13:25] {Threei} USD FALLS 2% AGAINST THE EURO, THE BIGGEST ONE DAY DECLINE IN SEVEN YEARS
[13:35] {hawkfan4} wow oil, halted
[13:36] {dino} huh?
[13:36] {Threei} sheesh
[13:36] {hawkfan4} limit up
[13:36] {Threei} Nymex halted oil trading for 5 minutes
[13:36] {dino} out wtfc spiked, .53, +1.00
[13:36] {dino} right thru me another buck
[13:37] {dino} we are witnessing some historic actions
[13:38] {Threei} totally
[13:38] {dino} dude
[13:38] {dino} :)
[13:39] {dptl} dude..lol
[13:43] {Threei} is this the biggest one day run-up in oil?
[13:44] {dino} :dk
[13:44] {dino} thinking no
[13:46] {Threei} REP FRANK: TREASURY PLAN WILL COST LESS THAN $700B
[13:46] {Chaeron} he needs to go
[13:47] {Threei} GS
[13:47] {Threei} NO PLANS TO RAISE CAPITIAL - UNCONFIRMED REPORT
[13:47] {Threei} uh oh
[13:47] {Threei} famous last words
[13:50] {dino} sm l celg .60
[13:50] {Threei} REP FRANK: ADMINISTRATION AGREES ON SHARE WARRANT STIPULATIONS, TREASURY PLAN WILL COST LESS THAN $700B WHEN ALL IS SAID AND DONE, HOUSE AND SENATE PLANS ARE "PRETTY CLOSE"
[13:50] {Threei} - Notes does not believe that hedge funds will be able to participate in the plan put forth by the Treasury
[14:00] {dino} schw
06[14:07] * Threei slaps laserdave1 around a bit with a large trout
06[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:09] {hawkfan4} AIG new hod
06[14:15] * magoo slaps laserdave1 around a bit with a large trout
06[14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:15] {dino} celg stop to .99
[14:15] {magoo} thats for gettin in between us there lol
[14:16] {Threei} lol
[14:17] {GeoArb} dave dcc pls
[14:17] {dino} make celg .25
[14:19] {Threei} AIG requires much more patience today than I am capable of
[14:19] {Threei} [13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[14:19] {dino} out celg .25, +.65
[14:20] {Threei} what the hell is going with oil?
[14:21] {Threei} Nov contract is 109 but Oct 127?
[14:21] {hawkfan4} oil insane. dollar weakness+ the oct contract expires today
[14:21] {dino} short squeeze?
[14:22] {Threei} ooohhh... contract expiration
[14:23] {Threei} {--- crying about AIG
[14:23] {magoo} me too vad..blowing tears and nose
[14:24] {Threei} why do I have this feeling hawk is riding it from 4.50
[14:24] {Threei} 1 mil shares too
[14:24] {hawkfan4} 4.04 from Friday ;})
[14:25] {Threei} sh*t :)
[14:25] {Threei} it's even worse than I thought, lol
[14:25] {hawkfan4} lol
[14:25] {Threei} ok hawk, you may or may not feel it's right thing to do, but I gotta do what I gotta do
06[14:25] * Threei slaps hawkfan4 around a bit with a large trout
[14:26] {hawkfan4} whew, been a while, was feeling left out
[14:26] {Threei} lol
[14:26] {Threei} just wait till magoo picks himself up from the floor
[14:28] {magoo} been awhile??i hit u earlier ol
[14:28] {magoo} but........................
06[14:28] * magoo slaps hawkfan4 around a bit with a large trout
[14:28] {hawkfan4} lol, missed that one, 3rd time's the charm :)
[14:29] {Threei} of cpurse you missed that one... been too busy counting millions made on this trade
06[14:30] * dino slaps magoo around a bit with a large trout
[14:30] {magoo} [14:07] * Threei slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:08] * Chaeron slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:09] {hawkfan4} AIG new hod
[14:30] {magoo} [14:15] * magoo slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:30] {magoo} [14:15] {magoo} thats for gettin in between us there lol
[14:30] {hawkfan4} ha, nice!
[14:32] {Threei} NY GOV PATTERSON REPORTEDLY HAS A PLAN TO PROTECT AGAINST SPECULATION
[14:32] {Threei} huh?
[14:36] {dino} what the hell, isn't that what buying stocks, commodities, and real estate is all about
[14:36] {Threei} no kidding
[14:36] {Threei} actually it's very easy to atop specualtion
[14:36] {dino} speculation is my occupation
[14:37] {Threei} assign all the prices to all the goods
[14:37] {Chaeron} socialism?
[14:37] {Threei} just don't forget to ask Soviet Uniom how it worked out
[14:37] {magoo} magoo looking up the word spectrolizution in pictionary
[14:37] {dino} speaking of that sold that foreclosure sunday
[14:37] {Threei} ok, one thing I need explanation on
[14:38] {Threei} we don't want certain stocks to go down, so we ban shorts
[14:38] {Threei} but we also don't want oil to go up
[14:38] {dino} so ban longs, lol
[14:38] {Threei} what is to prevent us from baning longs on oil?
[14:38] {Threei} can't buy it
[14:38] {Threei} period
[14:38] {Threei} can sell only
[14:39] {dino} it's ok to short commodities but not stocks is the thinking
[14:39] {Threei} and can't even buy back higher than, umm, say 50.bbl
[14:39] {dino} what do you expect from politicians
[14:39] {Threei} hmmm
[14:39] {Threei} do that right thing of course?
[14:39] {Threei} act accordingly to their conscience?
[14:39] {Threei} deliver on election promises?
[14:40] {dino} it is all about getting re-elected. don't kid yourself.
[14:40] {Threei} put constituents first?
[14:40] {Threei} wait... let me wake up
[14:41] {cosmo} speculate on a 401k, why dont ya
[14:41] {Threei} great... now, after properly waking up, I expect them lie and cheat
[14:41] {Threei} sigh
[14:42] {cosmo} that can be medicated...
[14:42] {dino} i want to know when it became wrong to speculate
[14:43] {dino} it is what built this country
[14:44] {Threei} GM
[14:44] {Threei} FITCH CUTS RATINGS TO CCC FROM B-, OUTLOOK NEGATIVE
[14:45] {Threei} another bailout in the making?
[14:45] {Threei} not in a short list too
[14:45] {dino} yes, they are getting massive gov't loans
[14:46] {dino} vote is soon, they will get them
[14:46] {Threei} what a frikin burning shame
[14:46] {Chaeron} *sigh*
[14:47] {Threei} anything left in USA that actually makes money?
[14:47] {magoo} can't find spectroluationvitz in the pictionary guys??
[14:47] {magoo} is your trading room based in u.s vad?
[14:47] {Threei} it's Internet-based
[14:47] {Threei} lol
[14:48] {cosmo} we're non-local
[14:49] {dino} good thing or they would ban us
[14:49] {dino} fdx lod
[14:53] {Threei} FRE and FNM new highs
[14:54] {Threei} what's uo with those pigs
[14:54] {magoo} cosmo..u are "non-typical" lol
[14:58] {Chaeron} {Threei} what's uo with those pigs --- }} "speculators"
[14:59] {Threei} oh
[15:00] {Threei} MCD
[15:00] {Threei} NOTES BAC WILL NOT BOOST FRANCHISEE LOANS, ADVISES FRANCHISEES TO SEEK ALTERNATIVE FINANCING
[15:01] {Threei} IMCL
[15:01] {Threei} FIVE-YEAR ERBITUX DATA SHOWS SIGNIFICANT IMPROVEMENT IN SURVIVAL IN HEAD AND NECK CANCER
[15:01] {Threei} {BMY}
[15:06] {Threei} in AIG
[15:06] {Threei} too tempting
[15:06] {Threei} stop under 5
[15:08] {dino} ehth
[15:11] {magoo} where u in vad
[15:11] {magoo} do not want to chase
[15:11] {Threei} .15
[15:11] {Chaeron} I chased I guess.. .20
[15:12] {Threei} doeasn't look good
[15:14] {magoo} heres an oldie bur goodie
[15:14] {magoo} denny crane:)
[15:20] {dino} zion crash
[15:20] {Threei} darn shorts
[15:20] {Threei} wait
[15:20] {Threei} no shorts
[15:20] {Threei} spculators?
[15:20] {Threei} fre
[15:21] {Chaeron} darn govt reg
[15:21] {Chaeron} can I file for assistance for this stop?
[15:21] {Threei} I am sure
[15:22] {Chaeron} well, think of it... they get $$$ if I make money (taxes)... and everyone else is getting $$$
[15:25] {dino} sivb
[15:32] {Chaeron} stopped - .20
[15:33] {Chaeron} thank goodness for stops
[15:34] {Threei} absence of shorts doesn't work very well
[15:35] {dino} not at all, lots of banks down 5-15 bucks today
[15:37] {Threei} -320 DJI
[15:37] {Threei} time for another rescue package?
[15:38] {Threei} I mean, let's throw 700B at the market each -300 day
[15:38] {Threei} in a few weeks we might end up green
[15:40] {dino} don't count on it
[15:40] {Threei} on green?
[15:40] {Chaeron} The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.
[15:40] {Chaeron} Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.
[15:42] {dino} lod
[15:43] {GeoArb} sheesh
[15:43] {GeoArb} all my fertilizing and planting went to waste
[15:43] {GeoArb} arugula anyone?
[15:43] {Threei} wow AIG
[15:43] {Threei} what happened?
[15:43] {Threei} nmo news
[15:44] {dino} hmmm, new high was friday 11,483, previous was 11590. another lower high before dump
[15:45] {dino} and just about another 400 pt day.
[15:46] {Threei} the only guess I can make is, no covers to soften drop
[15:46] {dino} yes, thinking no shorts to cov. so no buyers at all
[15:47] {GeoArb} back at almost 1200 es
[15:49] {dptl} have a good evening all..see ya tomorrow :)
[15:50] {Threei} take care dop
[15:50] {Threei} dp
[15:50] {dino} later dp
[15:51] {Threei} WM??
[15:52] {Threei} TD IS REPORTEDLY CONSIDERING MAKING A BID FOR THE CO.
[15:52] {Threei} {TD}
[15:54] {Threei} now what, TD changed their mind?
[15:54] {Threei} WM MOODY'S CUTS FINANCIAL STRENGTH RATING TO E
[15:54] {Chaeron} don't think that stands for Excellent........
[15:55] {dino} (the)end
[15:55] {Chaeron} :)
[15:58] {Threei} well, they did just half of job
[15:58] {Threei} gotta ban selling by longs as well
[15:58] {Threei} then maybe...
[15:58] {Threei} US SENATOR REID: A 'RUBBER STAMP' OF MARKET RESCUE PLAN WILL NOT BE TOLERATED
[15:58] {Threei} {XLF}
[15:59] {Threei} dull and boring day
[16:00] {Threei} ends on sharo down too
[16:00] {Threei} shrp
[16:00] {Threei} did they save us or didn't they
[16:00] {dino} -4% since friday high
[16:00] {dino} dji
[16:01] {Threei} sigh
[16:01] {Threei} Ok guys, have a good evening
[16:01] {dino} u2 thx all
[16:01] {Threei} let's see if they save us once more tomorrow
[16:01] {Threei} I suspect if they save market couple times more, we will see DJI at 1000, lol
[16:02] {dino} oil biggest day on record
[16:02] {Threei} yup
[16:02] {dino} +15
[16:03] {dino} tater all, decent day
[16:11] {magoo} ty all
[16:25] {peterg} and to all a goodnight!
