Sep 29 2008
Session Time: Mon Sep 29 00:00:00 2008
[08:30] {Threei} AUG PERSONAL INCOME: 0.5% V 0.2%E; PERSONAL SPENDING: 0.0% V 0.2%E
[08:30] {Threei} AUG PCE CORE M/M: 0.2% V 0.2%E; PCE CORE Y/Y: 2.6% V 2.4%E; PCE DEFLATOR Y/Y: 4.5% V 4.5%E
[08:33] {Threei} Wachovia is no more
[08:33] {dino} gm all
[08:34] {Threei} dino :)
[08:35] {hawkfan4} good morning
[08:35] {Threei} hawk :)
[08:36] {Threei} under 1 now
[08:36] {hawkfan4} dino's in early, this must be serious ;})
[08:37] {Threei} hehe
[08:38] {dino} lol, other issues bro
[08:38] {hawkfan4} :)
[08:39] {Threei} JPM fared very well after taking over WM
[08:40] {Threei} maybe C is worth watching
[08:40] {pita} morning all - been on "outer Mongolio" w/o news internet - is the workl still ending any day?
[08:41] {Threei} pretty much pita
[08:41] {pita} what a mess
[08:42] {Threei} TREASURY'S PAULSON: WACHOVIA'S FAILURE WOULD HAVE POSED SYSTEMIC RISK, FDIC'S ACTION HELPED MITIGATE THIS RISK
[08:47] {magoo} lidhla,ealhiadkdsljd
[08:48] {Threei} okhjgntom?
[08:48] {Threei} I am looking at JPM on Fri,
[08:48] {Threei} gapped down initially,
[08:49] {Threei} then climbed big all day
[08:49] {Threei} trying to find parallels for C
[08:58] {Threei} half lot C makes sense here long if it breaks 19
[08:58] {Threei} with stop under .90
[08:58] {Threei} and attempt to ride it for a bigger prize
[08:59] {Onix} Good morning all
[08:59] {Threei} onix :)
[09:06] {Threei} I am after $1 or so on C
[09:06] {Threei} but don't let me keep you from partialing out
[09:07] {magoo} u holding into opening bell? no right?
[09:08] {Threei} ?
[09:08] {peterg} motninh
[09:08] {Threei} peter :)
[09:08] {peterg} morning
[09:08] {magoo} its very risky tohold into an open...
[09:08] {Threei} my risk is 15 cen5ts
[09:08] {magoo} are u cranky?
[09:09] {Threei} ain't I always?
[09:09] {magoo} it could just fall off and thru your stop in a violent open is all
[09:09] {GeoArb} gm
[09:09] {Threei} Geo :)
[09:10] {Threei} if that happens mags, THEN I'll be cranky {G}
[09:10] {magoo} me too boss :)
[09:13] {Threei} going to sell before open magoo?
[09:14] {Threei} CAEI
[09:14] {Threei} ANNOUNCES $16M IN NEW CONTRACTS
[09:14] {Threei} - These latest contract wins are for projects in CAE's domestic market of Mainland China. They include a facade for the Hengze Tiancheng Podium Building in Dalian City as well as Phase 2 of the highly anticipated horseracing track in Wuhan City, the only city in China where betting on horses will be legalized by next year.
[09:14] {Threei} - CAE expects to recognize revenues from these two new projects from now until the end of the Q4 of 2009.
[09:15] {Threei} FRE
[09:15] {Threei} RECEIVES FEDERAL GRAND JURY SUBPOENA AND SEC INQUIRY
[09:16] {magoo} id prefer too vad...
[09:16] {dino} good on subpoena. all of these guys should get whacked
[09:16] {Threei} OK, then spike over .50 is probably coming and that's where I'd dump half
[09:17] {magoo} t the bell
[09:17] {Threei} here we go mags
[09:18] {Threei} nice cool 50 cents or so
[09:18] {Threei} - Freddie Mac received from the Staff of the Enforcement Division of the United States Securities and Exchange Commission notice indicating that the Enforcement Division is also conducting an inquiry, and directing the Company to preserve documents.
[09:18] {Threei} - The subpoena seeks documents relating to accounting, disclosure and corporate governance matters for the period January 1, 2007 to the present.
[09:19] {fernp} Good morning
[09:19] {Threei} fern :)
[09:21] {Threei} MS
[09:21] {Threei} MITSUBISHI UFJ FINANCIAL GROUP TO INVEST $9B FOR 21% STAKE MORGAN STANLEY
[09:22] {Threei} MS is happy
[09:23] {Threei} well, with 9B I would be too
[09:23] {magoo} yep
[09:23] {Threei} C
[09:23] {Threei} CUTS DIVIDEND TO $0.16 FROM $0.32, TO RAISE $10B IN COMMON EQUITY
[09:23] {Threei} - Tier 1 capital ratio at 8.8% asssuming completion of WB transaction, notes WB will remain a public company for its management businesses, transaction expected to close by year end.{WB}
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:26] {magoo} u watching MS for a trade vad??
[09:27] {Threei} probably
[09:27] {magoo} support like 24.50?
[09:27] {Threei} my working assumption for today is a strong rally at some point,
[09:27] {Threei} most likely after violent shakeout
[09:27] {magoo} i agree
[09:28] {magoo} scare everyone out first
[09:28] {Threei} 24 is more pronounced support for MS
[09:28] {Threei} let's keep bets small
[09:28] {esemde} morning/
[09:28] {Threei} ese :)
[09:28] {Threei} volatility is likely to be big
[09:29] {Threei} C gave second chance mags
[09:29] {Threei} don't tell me you haven't used either
[09:29] {magoo} no im out in full TY
[09:29] {Threei} :)
[09:32] {Threei} here comes my dollar on C
[09:32] {Threei} half out
[09:32] {Threei} +1
[09:32] {GeoArb} premarket... do you do a lot vad?
[09:32] {Threei} stop to 19.40 and offering second half at 21.05
[09:33] {Threei} MS gets interesting
[09:33] {pita} ty Vad - got a piece of it....
[09:33] {Threei} pita :)
[09:33] {Threei} OK, small shares MS ohere
[09:34] {Threei} on a first strength
[09:35] {Threei} what a wierd trading
[09:36] {GeoArb} bonds spiking up
[09:36] {GeoArb} high of day
[09:37] {Threei} not sure what happend there, but I got couple quite wierd executions on MS,
[09:37] {Threei} bought lower than qquotes I saw at the momenty, and sold higher
[09:39] {peterg} ty vad got /76 on ms
[09:39] {Threei} nice
[09:40] {Threei} violent shakekout in progress
[09:40] {Threei} DJI - 177
[09:41] {Threei} NQ - 47
[09:42] {cosmo} IDEV hod= 3.45 fyi
[09:44] {Threei} rimm
[09:44] {Threei} long on 67 break if holding above .70
[09:45] {Threei} lost support
[09:45] {Threei} look for bounce around 66 or lower
[09:45] {esemde} whats your reasoning for the shakeout Vad?
[09:45] {esemde} market unhappy with bailout package?
[09:46] {Threei} reasoning? me?
[09:46] {Threei} FED REFRAINS FROM OPEN MARKET OPERATIONS IN USUAL PERIOD
[09:47] {magoo} dam..missed RIMM
[09:47] {Threei} out RIMM +.90
[09:47] {Threei} I believe market will be happy with it ese
[09:47] {esemde} No t-bills.....tightening are they?
[09:47] {Threei} but it was too widely expected happiness
[09:48] {Threei} so gotta shake out those who go for obvious first
[09:48] {GeoArb} ok now gold at highs too
[09:49] {GeoArb} aapl orderly down
[09:49] {GeoArb} rimm
[09:50] {Threei} FRE
[09:50] {Threei} SELLS $1B OF 3-MONTH NOTES AT 2.79% YIELD, WITH BID/COVER RATIO AT 3.89 V 2.92 ON SEPT 22 SALE
[09:50] {dino} aapl july 07 lows
[09:52] {cosmo} IDEV gonna test
[09:53] {dino} dji -5% since friday highs
[09:53] {cosmo} red salmon maybe
[09:54] {Threei} JPM
[09:54] {dino} ndx worse -7%
[09:54] {Threei} bounce candidate
[09:54] {Threei} no price level call
[09:54] {Threei} either you get a feel for it or stay away
[09:54] {Threei} and keep bets small
[09:55] {dino} watchoing ups, luv, nue, fwlt
[09:55] {dino} they want -400 dji imo
[09:56] {esemde} interesting looking DJI 1 minute chart...
[09:57] {Threei} Long Setup: MS .50 break half lot if stays above .30
[10:00] {esemde} PAAS...nice move up oin aday like this
[10:00] {Threei} silver
[10:00] {esemde} i think so
[10:00] {Threei} MS 1:1
[10:01] {Threei} and down right away
[10:01] {GeoArb} something wrog with charting hmmm
[10:01] {esemde} no kidding eh.....
[10:01] {GeoArb} doesnt even chow the 1:1 on mine
[10:02] {Threei} I know it was there, got hit at .75
[10:02] {GeoArb} yeah i was that
[10:02] {GeoArb} but never on chart
[10:03] {dino} sm l luv .609
[10:05] {dino} seems to me they are flooding the world w/money
[10:06] {dino} txrh
[10:06] {dino} too fast
[10:07] {dino} my point, i guess is it must end up somewhere eventually
[10:10] {Threei} RIMM sharp down
[10:10] {Threei} we seem to be approaching the panic stage
[10:11] {Threei} wait it out for now
[10:11] {Threei} don't try to catch arbitrary bottom
[10:12] {Threei} start marking your candidates
[10:12] {Threei} C is certainly one
[10:12] {Threei} 20 break
[10:12] {patience} stink bids are entered in ag stocks :) just for a bounce
[10:12] {Threei} .85 stop
[10:15] {dino} sm ups l .51
[10:15] {dino} too soon
[10:15] {peterg} could this be the shakeout
[10:15] {dino} stop lod
[10:16] {esemde} OK....theres a new one.....Stink Bids patience?
[10:16] {peterg} watchin rimm
[10:16] {dino} capitulation feel
[10:16] {Threei} look at AAPL
[10:16] {dino} pcln -8, rimm -7 etc
[10:17] {hawkfan4} omg, AAPL, amazing
[10:17] {Threei} -21
[10:17] {Threei} NVDA, another bounce candidate for when we are finally done
[10:18] {dino} yeah and aapl
[10:18] {Threei} C no worky
[10:18] {dino} wynn holding well, considering.
[10:18] {esemde} with the financials that company has....you bet....
[10:18] {dino} also uso down hard, lower oil plays
[10:19] {Threei} UAUA moves with NQ now more than with USO
[10:19] {dino} financing issues most likely 3i
[10:20] {Threei} I guess
[10:20] {dino} oil 101
[10:20] {dino} luv holding nicely
[10:20] {Threei} FRE is strangely strong
[10:20] {GeoArb} 99.92 now
[10:20] {dino} ups too, fdx not bad
[10:20] {Threei} or should I say weirdly
[10:20] {esemde} only so much blood you can get from a stone i think
[10:20] {Threei} peter?
[10:21] {peterg} yes
[10:21] {Threei} panic is still ahead of us me thinks
[10:21] {dino} it wants -400
[10:21] {Threei} we haven't seen last cleansing selloff yet
[10:21] {dino} +
[10:21] {peterg} ok; going to day job for copl hrs; see you hopefully happily bloodied
[10:21] {dino} 10400 panic bottom the 18th
[10:21] {patience} tsx down -520
[10:21] {dino} ouch
[10:22] {Threei} wow
[10:22] {esemde} today Vad....or maybe tomorrow
[10:22] {Threei} hurry back peter
[10:22] {Threei} today is one of those days you don't want to miss
[10:22] {Threei} not necessary from tarding point of view,
[10:22] {peterg} thks; ok have fun
[10:22] {peterg} from learning pov?
[10:23] {Threei} pure watching of this kind of evetnts unfolding is invaluable education
[10:23] {peterg} father in law not sure how to react when I told him I
[10:24] {peterg} m smiling while everyoe]ne else crying
[10:24] {GeoArb} dirty speculator
[10:24] {peterg} exactly
[10:25] {dino} our local newspaper was blaming "traders" for thos on saturday. unbelievable
[10:25] {dino} this
[10:31] {Threei} this bounce feels a but premature to me...
[10:31] {Threei} want to see more panic selling to start hunting
[10:38] {Threei} going to try C again
[10:38] {Threei} same setup
[10:39] {Threei} 1:1, half out
[10:39] {Threei} scalpers take profit
[10:41] {Threei} stop to under 20 for those who holds half
[10:47] {Threei} C
[10:47] {Threei} SEES COMBINED ASSETS OF ABOUT $2.9T WITH WB{ ESTIMATES $600M IN CHARGES DUE RO ACQUISITON, $100B WORTH OF ASSETS ARE SALEABLE
[10:47] {Threei} - CEO notes that Citigroup passed up other opportunities for acquisitions
[10:47] {Threei} 1:2
[10:47] {Threei} 1/4 more out
[10:48] {Threei} stop to .14
[10:48] {Threei} offering the balance at .49
[10:49] {Threei} am I too greedy?
[10:49] {Threei} stop to .19
[10:49] {magoo} not if mkt poowers up
[10:50] {magoo} big IF
[10:50] {Threei} direct hit
[10:50] {Threei} +.48 last portion
[10:50] {Threei} wow, just in time
[10:52] {dino} out ups .31, +.80
[10:52] {Threei} wtg
[10:52] {dino} ty
[10:52] {Threei} peter is right... one of those days you are happy to be a DAY trader
[10:53] {dino} out c .41 +.42 ty 3i heads up
[10:53] {Threei} welcome sir
[10:56] {Threei} C half lot lng on this pullback, stop under .40
[10:57] {Threei} on .65 break trail stop to .45
[10:58] {Threei} look to exit above .80
[10:59] {Threei} here it is
[10:59] {Threei} out .86, +.30
[11:02] {dino} gj
[11:03] {Threei} all this trading in C is around that core position from the morning 19 entry... still got half of that waitring for exit over 21
[11:08] {Threei} C
[11:08] {Threei} CFO: EXPECTS Q3 DECLINE IN NET INCOME V Q2, YET BETTER THAN Q1
[11:08] {Threei} - Notesthat Q3 suffering from consumer credit losses
[11:09] {dino} penn sm l .79
[11:09] {Threei} come on C
[11:09] {Threei} just 10 cents left
[11:09] {Chaeron} good morning all
[11:10] {Threei} Chaeron :)
[11:11] {Threei} out last C 21.05, +$2
[11:12] {Threei} tough crowd... dino... I don't know how you cope with it :)
[11:13] {hawkfan4} lol, nice job vad. and just to cover myself, nice job dino on your next one :)
[11:14] {Threei} lol
[11:14] {Threei} nice save hawk
[11:14] {GeoArb} wha?
[11:20] {Threei} wow
[11:20] {Threei} what's that on C?
[11:20] {GeoArb} vads 2 dollars?
[11:21] {Threei} [08:48] {Threei} I am looking at JPM on Fri,
[11:21] {Threei} [08:48] {Threei} gapped down initially,
[11:21] {Threei} [08:49] {Threei} then climbed big all day
[11:21] {Threei} [08:49] {Threei} trying to find parallels for C
[11:21] {Threei} [08:58] {Threei} half lot C makes sense here long if it breaks 19
[11:21] {Threei} [08:58] {Threei} with stop under .90
[11:21] {Threei} [08:58] {Threei} and attempt to ride it for a bigger prize
[11:21] {Threei} [09:06] {Threei} I am after $1 or so on C
[11:21] {GeoArb} ok ok vad
[11:21] {GeoArb} geo{- bows down
[11:22] {Threei} [09:32] {Threei} here comes my dollar on C
[11:22] {Threei} [09:32] {Threei} half out
[11:22] {Threei} [09:32] {Threei} +1
[11:22] {Threei} [09:32] {Threei} stop to 19.40 and offering second half at 21.05
[11:22] {GeoArb} yesyesyes
[11:22] {GeoArb} maan he is pissed....... i guess the 2 bucks didnt cheer him up
[11:23] {GeoArb} :P
[11:23] {dino} gj 3i
[11:23] {Threei} ty
[11:23] {Threei} why would I
[11:23] {dino} distraction day
[11:23] {GeoArb} great threei
[11:23] {Threei} just showing whole play layout
[11:24] {Threei} do I look that intim idating that people constantly misread me, lol
[11:24] {Threei} intimidating
[11:24] {Threei} simply answering magoo's question, he thinks I am cranky
[11:25] {Threei} (well, I am, but that's just my permanent state so nothing out of ordinary)
[11:25] {GeoArb} hehehe
[11:25] {Threei} eliminating need to scroll up for Geo, he thinks I am pissed
[11:25] {GeoArb} i thought you were going to keep posting till we said GJ
[11:25] {GeoArb} heheheh
[11:25] {Threei} if I start shooting people, what, are going to think I am irritated?? :(
[11:26] {GeoArb} mildy peeved mayb
[11:26] {GeoArb} e
[11:26] {Threei} lol
[11:26] {GeoArb} so i was reading some story about russian mafia and entry in finance
[11:26] {GeoArb} so the russian dude says.......
[11:26] {GeoArb} the italians play bocce ball to unwind
[11:26] {GeoArb} we play chess
[11:26] {GeoArb} lol
[11:27] {GeoArb} tough crowd
[11:28] {Threei} too deep
[11:28] {Threei} we are simple creatures
[11:28] {GeoArb} yeah
[11:28] {GeoArb} 2 buck chucks
[11:28] {GeoArb} (trader joes) for the canadians
[11:41] {Threei} US HOUSE MAJORITY HOYER REMARKS THAT IS 'HOPEFUL' THE VOTES ARE THERE NECESSARY TO PASS RESCUE BILL
[11:41] {Threei} {XLF}
[11:42] {Threei} imagine if they say no deal
[11:43] {Threei} Dow 7K in like 10 min?
[11:50] {esemde} logging off see you all tomorrow
[11:51] {Threei} take care ese
[11:54] {Threei} HOUSE AND SENATE TALKS HAVE REACHED AN IMPASSE ON THE ENERGY RESEARCH TAX BILL
[11:54] {Threei} {TAN}
[11:54] {Threei} what's with VLNC today?
[11:54] {Threei} is it being looked at as battery supplier for electric cars?
[11:57] {dino} dk
[12:09] {dino} ok, i think it's about time the risk management guys in the banking industry were let go
[12:09] {GeoArb} heh
[12:10] {GeoArb} they were all emasclated anyway
[12:10] {dino} :)
[12:10] {GeoArb} except in JPM
[12:10] {dino} seems to me it's been a big waste of $
[12:10] {GeoArb} not really as they are the least paid
[12:10] {GeoArb} lol
[12:10] {dino} lol
[12:13] {dino} watching ddm, qld, sso
[12:15] {dino} fitb
[12:15] {Threei} what time do they vote on rescue bill?
[12:16] {dino} 12:30-1:00
[12:16] {Threei} ty
[12:16] {Threei} siting on a sideline for now
[12:16] {dino} but it could change
[12:17] {Threei} market flatlined
[12:18] {Threei} NEW YORK FED: STAKE IN AIG HAS THE POTENTIAL TO PROVIDE SUBSTANTIAL RETURNS TO THE US TAXPAYER
[12:23] {dino} you would hope
[12:23] {Threei} it happened before
[12:24] {Threei} Chrysler bailout is one example
[12:24] {Threei} not very clear whether today's banks have their Lee yaccoca though, lol
[12:25] {dino} supposedly this rescue bill, has the govt. receiving warrants from companies...theorically, it could make them money on the real estate and banks stocks
[12:29] {Threei} CNBC REPORTS HOUSE VOTE COULD COME "SOONER THAN EXPECTED"
[12:29] {Threei} headline cicrus starts
[12:32] {dino} sso sm l .85 risky
[12:35] {Threei} WHITE HOUSE BELIEVES IT HAS THE VOTES NECESSARY TO PASS BAILOUT LEGISLATION
[12:50] {Threei} VLNC... I don't want to chase it here but gotta watch it
[12:50] {Threei} if it's really possible battery supplier for all those electric cars in works, it could run big
[12:59] {Threei} wow, I just noticed how much oil dropped
06[13:01] * dino slaps Threei around a bit with a large trout
[13:08] {Threei} why... oh why
[13:09] {Chaeron} yeah... US$ up, oil down, we're all doing great
[13:09] {Threei} except DJI is down 310
[13:09] {Threei} NQ 93
[13:09] {Chaeron} they just don't know it yet *cough*
[13:09] {Threei} market acts as it doesn't think bill will be passed or lost faith in its effectiveness
[13:11] {dino} fwiw doug kass is covering aggressively
[13:12] {Threei} DELL is one of long candidates if rally develops
[13:13] {Threei} fairly close to low, risk is minimal
[13:14] {Threei} let's hear from optimists:
[13:14] {Threei} EU'S JUNCKER: THE CRISIS WILL BE WITH US FOR "A FEW MORE MONTHS"
[13:14] {Threei} circus continues:
[13:14] {Threei} US MINORITY LEADER BOEHNER: NUMBER OF VOTES TO PASS BILL 'IN SERIOUS DOUBT'
[13:15] {dino} he seems excited
[13:16] {magoo} roflol
[13:18] {Threei} NOTES THAT THE RISK IN NOT ACTING IS MUCH GREATER THAN TAKING NO ACTION
[13:19] {Chaeron} somethings wrong there...
[13:19] {dino} he's trying to copy teddy roosevelt...
[13:20] {hawkfan4} last speaker before the vote up now
[13:20] {dino} in any moment of decision the best thing you can do is the right thing. the worst thing you can do is nothing.
[13:21] {Threei} too deep dino... just tell us yay or nay
[13:22] {dino} yay
[13:22] {Chaeron} I say nay
[13:22] {dino} imo, decided late friday, they are just posturing
[13:22] {patience} i'm with dino
[13:23] {dino} it's a p.r. stunt in campaign year
[13:23] {hawkfan4} agree too, seems too risky not to pass it
[13:23] {patience} i believe each side is negotiating terms of other bills they are willing to concede or give agreement on in order to pass this bill
[13:24] {Chaeron} I say they've created a "crisis" to get the public to behave the way they want them to
[13:24] {dino} u r correct patience
[13:24] {dino} u 2 chaer
[13:26] {Chaeron} DELL?
[13:26] {dino} what they forget is the delays are killing month end pension, mutual fund, and statement reports
[13:27] {dino} altho, maybe thats the plan.......
[13:28] {Chaeron} yes... then it passes and "lookee what WE did!"
[13:28] {hawkfan4} vote underway
[13:28] {dino} passed
[13:29] {Threei} C spiked sharply
[13:29] {Threei} DELL moving
[13:29] {dino} opps too soon
[13:30] {Threei} pulback
[13:30] {Chaeron} buy on it?
[13:30] {Threei} you know your candidates for when vote is known
[13:31] {Threei} if passes buy
[13:31] {Threei} if not, shrt the hell out of everything you can short
[13:31] {Threei} except QID, lol
[13:31] {hawkfan4} lol
[13:32] {dino} ultrashorts, qid, sds, dxd, eev
[13:34] {dino} only 18 votes apart
[13:35] {Threei} FRE seems to be reacting as well
[13:37] {dino} 134/130
[13:37] {Threei} wow
[13:37] {Threei} that's tight
[13:37] {dino} even
[13:38] {dino} 4:45 left
[13:39] {dino} 155/148
[13:39] {dino} simple majority is all it takes
[13:40] {dino} 3 min.
[13:40] {Threei} 157/159
[13:40] {Threei} even
[13:40] {dino} like a horse race
[13:40] {dino} -4
[13:40] {Threei} no kidding
[13:40] {Threei} no ahead
[13:41] {Threei} 166/171
[13:42] {dino} 1 min left -8
[13:42] {Threei} QID is your simplest way to play nay
[13:43] {dino} buckle up
[13:43] {dino} nay
[13:44] {dino} -470
[13:44] {patience} tsx - 665
[13:44] {Threei} if you took QID, half out here
[13:44] {dino} not voted wait
[13:44] {dino} 28
[13:45] {Threei} easy dollar from the moment of vote
[13:45] {dino} nice
[13:45] {Threei} if you shorted DELL, cover here
[13:45] {Threei} just a scalp
[13:45] {dino} -600 coming
[13:45] {patience} freefall
[13:45] {Threei} EMERGENCY ECONOMIC STABILIZATION ACT DOES NOT RECEIVE ENOUGH VOTES TO PASS IN THE HOUSE OF REPRESENTATIVES
[13:45] {Threei} - Did not reach 217 required in favor
[13:46] {dino} 10461
[13:46] {dino} watch it
[13:46] {Threei} out QID in full
[13:46] {dino} can you say capitulation
[13:46] {Threei} up a lot
[13:46] {patience} gold up 23 bucks
[13:48] {Threei} ok, anyone played??
[13:48] {Threei} that was the easiest play in I don't know how long
[13:48] {Threei} real time news trigger in front of your eyes, no leak
[13:48] {dino} hit -705\
[13:49] {patience} tsx -800
[13:50] {patience} g7 central banks flooding liquidity into system i'm assuming
[13:51] {dino} they can change their votes careful
[13:53] {patience} how does that work dino?
[13:53] {Threei} ummm
[13:53] {Threei} what just happened?
[13:53] {magoo} running around house trying to see who will switch
[13:53] {patience} are we in round 1 of 'x' amount of rounds?
[13:54] {Threei} see DELL spike?
[13:54] {Threei} told you it was scalp only on a short side
[13:55] {Threei} stay on a sideline now, easy money has been made
[13:58] {peterg} im bagck, scrolled through all ive missed--v interst
[13:58] {peterg} g
[13:58] {Threei} that was the easiest money I've made this year
[13:58] {Threei} so... what now?
[13:59] {Threei} arm twisting behind the curtian?
[13:59] {peterg} yeah!
[13:59] {Threei} paulson resigns?
[13:59] {Chaeron} waterboarding
[13:59] {Threei} here comes extremely important news:
[13:59] {Threei} CNBC'S LIESMAN: CONGRESSIONAL AIDE SAYS DISAPPOINTED WITH VOTE
[14:00] {Threei} I am lost here
[14:00] {Threei} vote has been made, no?
[14:01] {Chaeron} 11 members are being persuaded to change their vote
[14:01] {Threei} wehy does CNN still say it's in the process?
[14:01] {dino} good thing no shorts on financials, not! they are falling like rocks
[14:01] {Threei} fence -sitters?
[14:01] {Chaeron} no, wimps
[14:01] {Threei} ah
[14:02] {Threei} thanks for exhausting and comprehensive explanation of political system inner workings, chaeron
[14:02] {Chaeron} :) mp
[14:05] {Threei} what a drama
[14:05] {Threei} I ran out of popcorn
[14:05] {Threei} geo ran out of pampers
[14:05] {patience} feels like we're waiting for the other shoe to drop
[14:05] {magoo} they just mentioned hanging chads
[14:05] {dptl} vlnc?
[14:06] {Threei} something's going on there dp...
[14:06] {Threei} I hate to chase it that far
[14:06] {dptl} ok ty
[14:06] {Threei} see CNN?
[14:07] {dino} re-vote
[14:07] {patience} watching
[14:07] {magoo} they wont let it fail
[14:08] {GeoArb} hey !!!
[14:08] {GeoArb} i like depends
[14:08] {Threei} sounds like a good choice for today
[14:09] {GeoArb} sorry in office...
[14:09] {dino} heading to the lows
[14:09] {Threei} HOUSE CLOSES THE VOTE ON BAILOUT BILL; BILL HAS FAILED
[14:09] {GeoArb} boss keeps dropping in wanting to discuss china trip.....I DONT CARE
[14:09] {GeoArb} what you hunting vad?
[14:10] {Threei} QID
[14:10] {GeoArb} still in/
[14:10] {GeoArb} ?
[14:11] {Threei} new entry
[14:11] {Threei} on no recount
[14:12] {Threei} out already
[14:12] {Threei} don't chase anything
[14:12] {GeoArb} nah flat
[14:12] {GeoArb} didnt trade as was distracted
[14:12] {GeoArb} should have called in sick :)
[14:12] {Threei} now main question is, what's next?
[14:13] {patience} i'm glad i'm not on margin
[14:13] {magoo} vad..no chance halt mkt?
[14:14] {Threei} I don't remember the curcut-breaker numbers
[14:16] {Threei} US REP FRANK LOOKING TO EVALUATE THE REACTION IN THE ECONOMY BEFORE ASSESSING THE NEXT STEP ON RESCUE PLAN
[14:17] {Threei} honestly, I never thought they would fail it
[14:17] {Threei} shows you how prudent it iss to avoid taking position in advance of event, on your personal conviction
[14:18] {magoo} mktd starting to mover upo
[14:18] {magoo} '
[14:24] {Threei} US REP FRANK: LOOKING TO EVALUATE THE REACTION IN THE ECONOMY BEFORE ASSESSING THE NEXT STEP ON RESCUE PLAN, "DISAPPOINTED" WITH VOTE
[14:24] {Threei} ops
[14:24] {Threei} wrong one
[14:24] {Threei} HOUSE LEADERS ARE PLANNING A SECOND ATTEMPT TO PASS THE MARKET STABILIZATION BILL - NY TIMES
[14:25] {Threei} WHITE HOUSE: BUSH PLANS MEETING WITH ECONOMIC TEAM, DIFFICULT TIMES IN THE ECONOMY NEED TO BE HANDLED
[14:25] {Threei} PIMCO'S BILL GROSS: THERE IS POTENTIAL FOR A CENTRAL BANK RATE CUT EITHER HERE OR ELSEWHERE AROUND THE WORLD FOLLOWING THE HOUSE REJECTION OF THE BAILOUT BILL
[14:25] {peterg} we'll handle em
[14:25] {magoo} we need to attack iran now
[14:25] {peterg} then ossetia
[14:25] {Threei} just leave Canada alone pls
[14:26] {peterg} k
[14:26] {Threei} ty
[14:26] {Threei} oil -9??
[14:26] {magoo} i know..i understand your military is taxed right now..........heard u sent 23 men to iraq he he
[14:28] {Threei} CNBC'S LIESMAN: NO CHANCE OF A SECOND VOTE ON THE BAILOUT BILL IN THE HOUSE TODAY
[14:28] {Threei} and we need two remaining to guard Arctic, mags
[14:31] {Threei} amazingly enough, gold is not up that much
[14:34] {Threei} WB opened after halt
[14:35] {dino} oil 97 -9.89
[14:35] {Threei} biggest one drop ever I think
[14:35] {Threei} one day drop
[14:37] {Threei} anyone found WB scalp?
[14:37] {Threei} CREDIT MARKET'S FAIRLY STABLE FOLOWING NO VOTE: US 3-MOTH TED SREADS HOLDING AROUND 330 BASIS POINTS
[14:37] {Threei} - this mornings high for the 3-mont TED spread was above 350 basis points
[14:37] {Threei} - 3-month T-bill yields are holding above 0.5%
[14:42] {Threei} ok guys, anyone's making money today?
[14:42] {Threei} you are so silent, I start thinking what I am doing here
[14:42] {magoo} i made alot with u but lost on my own..flat
[14:43] {Threei} okay... stay with me then, lol
[14:43] {magoo} i need u to get me $500
[14:43] {magoo} i made 3k with u
[14:43] {Threei} thigs flatline now
[14:43] {magoo} lost 3k exact SIGH
[14:43] {Threei} gosh... why haven't you just stopped when up hat mu8ch
[14:43] {magoo} u were hot
[14:44] {Threei} or set a stop on account for the day
[14:44] {magoo} greed
[14:44] {Threei} so you wouldn't lose more than certain amount
[14:44] {Threei} being up 3K, no way I would go home with less than 2500
[14:45] {magoo} well..im off so get me $500
[14:46] {peterg} I made a cpl bucks on rimm when I was hot;
[14:46] {dino} i'm down
[14:47] {Threei} FORMER FED GOV POOLE: ECONOMY WILL NOT SINK INTO ANOTHER GREAT DEPRESSION, BELIEVES FED SHOULD NOT LEND TO PRIVATE COMPANIES
[14:49] {Threei} WB
[14:49] {Threei} .56 long for scalp
[14:49] {Threei} if stays above .49
[14:50] {Threei} out 1.71
[14:50] {magoo} in .55 out .72 TY
[14:50] {Threei} a bit early but heck
[14:51] {Threei} big shares
[14:51] {magoo} 1k
[14:51] {GeoArb} good catarsis
[14:51] {GeoArb} caTH
[14:51] {Threei} awww
[14:51] {GeoArb} i am down 1.5k and locked out
[14:51] {GeoArb} dont even ask
[14:52] {Threei} ok... but how??
[14:52] {GeoArb} GLD long
[14:52] {Threei} no signle stopped call
[14:52] {Threei} oh
[14:52] {GeoArb} on my ^&%^&% own
[14:52] {GeoArb} it went down didnt respect stop and prayed..... puked at 1.5
[14:53] {Threei} oh sheesh
[14:53] {GeoArb} promise to myself
[14:53] {Threei} just saw my actualy wexecution
[14:53] {GeoArb} TAKE ONLY VAD CALLS FOR @ WEEKS
[14:53] {Threei} sent sell when it was 1.71, got fill at 1.78!
[14:54] {GeoArb} really?
[14:54] {Threei} 3K
[14:54] {GeoArb} wow
[14:54] {GeoArb} -210
[14:54] {Threei} hmm?
[14:54] {GeoArb} loss on execution no?
[14:54] {Threei} in .56
[14:54] {Threei} out .78
[14:54] {GeoArb} oh ok
[14:54] {Threei} planned out at .71
[14:55] {GeoArb} shees free 210
[14:55] {Threei} there
[14:55] {peterg} missed wb altogether; pressed button nothing happen
[14:55] {GeoArb} anyway.... i only trade vad calls for 2 weeks now
[14:55] {Threei} oh great... that's when I go cold as cucumber
[14:55] {peterg} too much pressure for vaksdky
[14:56] {GeoArb} and ill do 5 lots
[14:56] {peterg} but better than following me
[14:56] {GeoArb} heh
[15:00] {Threei} HOUSE ABANDONING PRE-ELECTION RECESS TO DEAL WITH THE BAILOUT BILL AND FINANCIAL CRISIS
[15:00] {GeoArb} well thats good i guess
[15:00] {Threei} I can't believe how kind, gentle, merciful, thoughtful and considerate they are
[15:00] {dino} luv stopped -.21
[15:01] {Threei} TREASURY SEC PAULSON: CONSULTING WITH FED'S BERNANKE AND PRESIDENT BUSH, READY TO USE ALL TOOLS AT HIS DISPOSAL
[15:01] {Threei} uh oh
[15:11] {Threei} HOUSE SPEAKER PELOSI: LINES OF COMMUNICATIONS ARE OPEN, WE MUST INSULATE AMERICANS FROM THIS CRISIS, SEES BIPARTISAN SUPPORT FOR A SOLUTION
06[15:13] * Threei slaps laserdave1 around a bit with a large trout
06[15:13] * magoo slaps laserdave1 around a bit with a large trout
[15:15] {Threei} oil -10.54
[15:15] {Threei} mama
[15:16] {dino} out penn -.50
[15:18] {dino} they are bickering and blaming each other like crazy
[15:18] {patience} tsx down -900 and gold up 33
[15:19] {Threei} 900???
[15:19] {Threei} biggest ever?
[15:19] {patience} don't know
[15:19] {hawkfan4} if people weren't disgusted by politicians before....
[15:19] {Threei} they were??
[15:19] {Threei} I can't imagine why
[15:21] {dino} it sounds like my daughter fighting w/my son....he said this, she said that
[15:21] {Threei} fess up dino,
[15:21] {Threei} do you use this line:
[15:21] {Threei} "you are older, you ought to be smarter"
[15:21] {dino} ironically alot of democrats voted no
[15:22] {GeoArb} 40% i believe
[15:22] {peterg} on bailout?
[15:22] {GeoArb} yeah
[15:22] {Threei} yes
[15:22] {dino} i know goe, so how can they blame rebublicans alone
[15:22] {GeoArb} 2/3 repubs no
[15:23] {peterg} maybe its a bad idea
[15:23] {GeoArb} http://clerk.house.gov/evs/2008/roll674.xml
[15:23] {GeoArb} i wanna know what weller was doing
[15:24] {GeoArb} the only not voted
[15:24] {dino} don't know, and am getting to point, don't care
[15:24] {GeoArb} hehe
[15:24] {peterg} remember original dont know dont care line from emporers new groove
[15:25] {dino} no
[15:25] {peterg} ok
[15:25] {dino} are you going to tell us?
[15:25] {peterg} when you need a kids cartoon movie, you could consider it
[15:25] {GeoArb} oh hh man
[15:25] {peterg} already did; it was the tone of total self-absorption and arrogance that carried it off
[15:26] {peterg} funny and memorable in film
[15:26] {peterg} voiced by i dont know who
[15:28] {hawkfan4} 500 dow points ago today a money manager was on CNBC saying investers should "stay the course"
[15:28] {Threei} good job
[15:28] {hawkfan4} "go down with the ship"
[15:28] {Threei} sentence "stay the course" becomes clear signal "run for your life", doesn't it
[15:29] {Threei} -736 DJI
[15:29] {Threei} biggest ever
[15:29] {Threei} (Ithink)
[15:29] {dino} cme -61
[15:29] {hawkfan4} -1K +? anyone? dino?
[15:30] {Threei} so... anyone to take a bet we close green? {GGGGG}
[15:31] {hawkfan4} i'll bet you what's left of Cramer's action alerts portfolio that we don't :)
[15:31] {dino} no hawk, but tomorrow i plan to be on it
[15:31] {Threei} hey, you don't risk much, do you
[15:31] {dino} 320 area\
[15:32] {Threei} yup, TV confirms, biggest drop in points ever
[15:32] {Threei} not in %
[15:33] {Threei} hmmm
[15:34] {Threei} I hope some have strong skulls:"
[15:34] {Threei} PRESIDENT BUSH: WE WILL ADDRESS THE ECONOMIC CRISIS HEAD ON
[15:34] {Threei} ah come on
[15:34] {Threei} that was a good joke
[15:34] {Threei} or not
[15:35] {hawkfan4} {g}
[15:37] {magoo} i cant fill any orders no matter what price Anyone else?
[15:38] {Threei} hmm?
[15:38] {magoo} never mind reboot
[15:40] {Threei} Bush on TV
[15:41] {patience} vad, is bush chatting over tea with ukraine president?
[15:42] {Threei} they faded him out before he started talking about Ukraine
[15:43] {Threei} sizerable bounce DJI
[15:43] {Threei} not so much NASDAQ
[15:47] {dino} hmmm, run on investment banks coming again?
[15:49] {dino} talking about extending short sale ban
[15:49] {dino} like that helpped at all
[15:50] {dino} ban went into effect around 11483 dji, now 10400 dji. great idea
[15:50] {Threei} amazing
[15:51] {Threei} well... Einstein was right
[15:51] {dino} surrounded (or rather led) by idiots
[15:51] {Threei} there are just two infinitive things: Universe and stupidity... and I am not sure about Universe
[15:51] {dino} lol
[15:52] {dino} time for some churchill: "when going through hell, keep going"
[15:56] {Threei} Ok guys... let's havce a nice relaxing evening
[15:57] {Threei} am happy with how I handled this day
[15:57] {Threei} tomorrow will be just as interesting
[15:57] {peterg} yep tksll
[15:57] {peterg} all
[15:57] {Threei} see you tomorrow
[15:57] {hawkfan4} cya
[15:57] {dptl} have a good evening all
[08:30] {Threei} AUG PERSONAL INCOME: 0.5% V 0.2%E; PERSONAL SPENDING: 0.0% V 0.2%E
[08:30] {Threei} AUG PCE CORE M/M: 0.2% V 0.2%E; PCE CORE Y/Y: 2.6% V 2.4%E; PCE DEFLATOR Y/Y: 4.5% V 4.5%E
[08:33] {Threei} Wachovia is no more
[08:33] {dino} gm all
[08:34] {Threei} dino :)
[08:35] {hawkfan4} good morning
[08:35] {Threei} hawk :)
[08:36] {Threei} under 1 now
[08:36] {hawkfan4} dino's in early, this must be serious ;})
[08:37] {Threei} hehe
[08:38] {dino} lol, other issues bro
[08:38] {hawkfan4} :)
[08:39] {Threei} JPM fared very well after taking over WM
[08:40] {Threei} maybe C is worth watching
[08:40] {pita} morning all - been on "outer Mongolio" w/o news internet - is the workl still ending any day?
[08:41] {Threei} pretty much pita
[08:41] {pita} what a mess
[08:42] {Threei} TREASURY'S PAULSON: WACHOVIA'S FAILURE WOULD HAVE POSED SYSTEMIC RISK, FDIC'S ACTION HELPED MITIGATE THIS RISK
[08:47] {magoo} lidhla,ealhiadkdsljd
[08:48] {Threei} okhjgntom?
[08:48] {Threei} I am looking at JPM on Fri,
[08:48] {Threei} gapped down initially,
[08:49] {Threei} then climbed big all day
[08:49] {Threei} trying to find parallels for C
[08:58] {Threei} half lot C makes sense here long if it breaks 19
[08:58] {Threei} with stop under .90
[08:58] {Threei} and attempt to ride it for a bigger prize
[08:59] {Onix} Good morning all
[08:59] {Threei} onix :)
[09:06] {Threei} I am after $1 or so on C
[09:06] {Threei} but don't let me keep you from partialing out
[09:07] {magoo} u holding into opening bell? no right?
[09:08] {Threei} ?
[09:08] {peterg} motninh
[09:08] {Threei} peter :)
[09:08] {peterg} morning
[09:08] {magoo} its very risky tohold into an open...
[09:08] {Threei} my risk is 15 cen5ts
[09:08] {magoo} are u cranky?
[09:09] {Threei} ain't I always?
[09:09] {magoo} it could just fall off and thru your stop in a violent open is all
[09:09] {GeoArb} gm
[09:09] {Threei} Geo :)
[09:10] {Threei} if that happens mags, THEN I'll be cranky {G}
[09:10] {magoo} me too boss :)
[09:13] {Threei} going to sell before open magoo?
[09:14] {Threei} CAEI
[09:14] {Threei} ANNOUNCES $16M IN NEW CONTRACTS
[09:14] {Threei} - These latest contract wins are for projects in CAE's domestic market of Mainland China. They include a facade for the Hengze Tiancheng Podium Building in Dalian City as well as Phase 2 of the highly anticipated horseracing track in Wuhan City, the only city in China where betting on horses will be legalized by next year.
[09:14] {Threei} - CAE expects to recognize revenues from these two new projects from now until the end of the Q4 of 2009.
[09:15] {Threei} FRE
[09:15] {Threei} RECEIVES FEDERAL GRAND JURY SUBPOENA AND SEC INQUIRY
[09:16] {magoo} id prefer too vad...
[09:16] {dino} good on subpoena. all of these guys should get whacked
[09:16] {Threei} OK, then spike over .50 is probably coming and that's where I'd dump half
[09:17] {magoo} t the bell
[09:17] {Threei} here we go mags
[09:18] {Threei} nice cool 50 cents or so
[09:18] {Threei} - Freddie Mac received from the Staff of the Enforcement Division of the United States Securities and Exchange Commission notice indicating that the Enforcement Division is also conducting an inquiry, and directing the Company to preserve documents.
[09:18] {Threei} - The subpoena seeks documents relating to accounting, disclosure and corporate governance matters for the period January 1, 2007 to the present.
[09:19] {fernp} Good morning
[09:19] {Threei} fern :)
[09:21] {Threei} MS
[09:21] {Threei} MITSUBISHI UFJ FINANCIAL GROUP TO INVEST $9B FOR 21% STAKE MORGAN STANLEY
[09:22] {Threei} MS is happy
[09:23] {Threei} well, with 9B I would be too
[09:23] {magoo} yep
[09:23] {Threei} C
[09:23] {Threei} CUTS DIVIDEND TO $0.16 FROM $0.32, TO RAISE $10B IN COMMON EQUITY
[09:23] {Threei} - Tier 1 capital ratio at 8.8% asssuming completion of WB transaction, notes WB will remain a public company for its management businesses, transaction expected to close by year end.{WB}
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:26] {magoo} u watching MS for a trade vad??
[09:27] {Threei} probably
[09:27] {magoo} support like 24.50?
[09:27] {Threei} my working assumption for today is a strong rally at some point,
[09:27] {Threei} most likely after violent shakeout
[09:27] {magoo} i agree
[09:28] {magoo} scare everyone out first
[09:28] {Threei} 24 is more pronounced support for MS
[09:28] {Threei} let's keep bets small
[09:28] {esemde} morning/
[09:28] {Threei} ese :)
[09:28] {Threei} volatility is likely to be big
[09:29] {Threei} C gave second chance mags
[09:29] {Threei} don't tell me you haven't used either
[09:29] {magoo} no im out in full TY
[09:29] {Threei} :)
[09:32] {Threei} here comes my dollar on C
[09:32] {Threei} half out
[09:32] {Threei} +1
[09:32] {GeoArb} premarket... do you do a lot vad?
[09:32] {Threei} stop to 19.40 and offering second half at 21.05
[09:33] {Threei} MS gets interesting
[09:33] {pita} ty Vad - got a piece of it....
[09:33] {Threei} pita :)
[09:33] {Threei} OK, small shares MS ohere
[09:34] {Threei} on a first strength
[09:35] {Threei} what a wierd trading
[09:36] {GeoArb} bonds spiking up
[09:36] {GeoArb} high of day
[09:37] {Threei} not sure what happend there, but I got couple quite wierd executions on MS,
[09:37] {Threei} bought lower than qquotes I saw at the momenty, and sold higher
[09:39] {peterg} ty vad got /76 on ms
[09:39] {Threei} nice
[09:40] {Threei} violent shakekout in progress
[09:40] {Threei} DJI - 177
[09:41] {Threei} NQ - 47
[09:42] {cosmo} IDEV hod= 3.45 fyi
[09:44] {Threei} rimm
[09:44] {Threei} long on 67 break if holding above .70
[09:45] {Threei} lost support
[09:45] {Threei} look for bounce around 66 or lower
[09:45] {esemde} whats your reasoning for the shakeout Vad?
[09:45] {esemde} market unhappy with bailout package?
[09:46] {Threei} reasoning? me?
[09:46] {Threei} FED REFRAINS FROM OPEN MARKET OPERATIONS IN USUAL PERIOD
[09:47] {magoo} dam..missed RIMM
[09:47] {Threei} out RIMM +.90
[09:47] {Threei} I believe market will be happy with it ese
[09:47] {esemde} No t-bills.....tightening are they?
[09:47] {Threei} but it was too widely expected happiness
[09:48] {Threei} so gotta shake out those who go for obvious first
[09:48] {GeoArb} ok now gold at highs too
[09:49] {GeoArb} aapl orderly down
[09:49] {GeoArb} rimm
[09:50] {Threei} FRE
[09:50] {Threei} SELLS $1B OF 3-MONTH NOTES AT 2.79% YIELD, WITH BID/COVER RATIO AT 3.89 V 2.92 ON SEPT 22 SALE
[09:50] {dino} aapl july 07 lows
[09:52] {cosmo} IDEV gonna test
[09:53] {dino} dji -5% since friday highs
[09:53] {cosmo} red salmon maybe
[09:54] {Threei} JPM
[09:54] {dino} ndx worse -7%
[09:54] {Threei} bounce candidate
[09:54] {Threei} no price level call
[09:54] {Threei} either you get a feel for it or stay away
[09:54] {Threei} and keep bets small
[09:55] {dino} watchoing ups, luv, nue, fwlt
[09:55] {dino} they want -400 dji imo
[09:56] {esemde} interesting looking DJI 1 minute chart...
[09:57] {Threei} Long Setup: MS .50 break half lot if stays above .30
[10:00] {esemde} PAAS...nice move up oin aday like this
[10:00] {Threei} silver
[10:00] {esemde} i think so
[10:00] {Threei} MS 1:1
[10:01] {Threei} and down right away
[10:01] {GeoArb} something wrog with charting hmmm
[10:01] {esemde} no kidding eh.....
[10:01] {GeoArb} doesnt even chow the 1:1 on mine
[10:02] {Threei} I know it was there, got hit at .75
[10:02] {GeoArb} yeah i was that
[10:02] {GeoArb} but never on chart
[10:03] {dino} sm l luv .609
[10:05] {dino} seems to me they are flooding the world w/money
[10:06] {dino} txrh
[10:06] {dino} too fast
[10:07] {dino} my point, i guess is it must end up somewhere eventually
[10:10] {Threei} RIMM sharp down
[10:10] {Threei} we seem to be approaching the panic stage
[10:11] {Threei} wait it out for now
[10:11] {Threei} don't try to catch arbitrary bottom
[10:12] {Threei} start marking your candidates
[10:12] {Threei} C is certainly one
[10:12] {Threei} 20 break
[10:12] {patience} stink bids are entered in ag stocks :) just for a bounce
[10:12] {Threei} .85 stop
[10:15] {dino} sm ups l .51
[10:15] {dino} too soon
[10:15] {peterg} could this be the shakeout
[10:15] {dino} stop lod
[10:16] {esemde} OK....theres a new one.....Stink Bids patience?
[10:16] {peterg} watchin rimm
[10:16] {dino} capitulation feel
[10:16] {Threei} look at AAPL
[10:16] {dino} pcln -8, rimm -7 etc
[10:17] {hawkfan4} omg, AAPL, amazing
[10:17] {Threei} -21
[10:17] {Threei} NVDA, another bounce candidate for when we are finally done
[10:18] {dino} yeah and aapl
[10:18] {Threei} C no worky
[10:18] {dino} wynn holding well, considering.
[10:18] {esemde} with the financials that company has....you bet....
[10:18] {dino} also uso down hard, lower oil plays
[10:19] {Threei} UAUA moves with NQ now more than with USO
[10:19] {dino} financing issues most likely 3i
[10:20] {Threei} I guess
[10:20] {dino} oil 101
[10:20] {dino} luv holding nicely
[10:20] {Threei} FRE is strangely strong
[10:20] {GeoArb} 99.92 now
[10:20] {dino} ups too, fdx not bad
[10:20] {Threei} or should I say weirdly
[10:20] {esemde} only so much blood you can get from a stone i think
[10:20] {Threei} peter?
[10:21] {peterg} yes
[10:21] {Threei} panic is still ahead of us me thinks
[10:21] {dino} it wants -400
[10:21] {Threei} we haven't seen last cleansing selloff yet
[10:21] {dino} +
[10:21] {peterg} ok; going to day job for copl hrs; see you hopefully happily bloodied
[10:21] {dino} 10400 panic bottom the 18th
[10:21] {patience} tsx down -520
[10:21] {dino} ouch
[10:22] {Threei} wow
[10:22] {esemde} today Vad....or maybe tomorrow
[10:22] {Threei} hurry back peter
[10:22] {Threei} today is one of those days you don't want to miss
[10:22] {Threei} not necessary from tarding point of view,
[10:22] {peterg} thks; ok have fun
[10:22] {peterg} from learning pov?
[10:23] {Threei} pure watching of this kind of evetnts unfolding is invaluable education
[10:23] {peterg} father in law not sure how to react when I told him I
[10:24] {peterg} m smiling while everyoe]ne else crying
[10:24] {GeoArb} dirty speculator
[10:24] {peterg} exactly
[10:25] {dino} our local newspaper was blaming "traders" for thos on saturday. unbelievable
[10:25] {dino} this
[10:31] {Threei} this bounce feels a but premature to me...
[10:31] {Threei} want to see more panic selling to start hunting
[10:38] {Threei} going to try C again
[10:38] {Threei} same setup
[10:39] {Threei} 1:1, half out
[10:39] {Threei} scalpers take profit
[10:41] {Threei} stop to under 20 for those who holds half
[10:47] {Threei} C
[10:47] {Threei} SEES COMBINED ASSETS OF ABOUT $2.9T WITH WB{ ESTIMATES $600M IN CHARGES DUE RO ACQUISITON, $100B WORTH OF ASSETS ARE SALEABLE
[10:47] {Threei} - CEO notes that Citigroup passed up other opportunities for acquisitions
[10:47] {Threei} 1:2
[10:47] {Threei} 1/4 more out
[10:48] {Threei} stop to .14
[10:48] {Threei} offering the balance at .49
[10:49] {Threei} am I too greedy?
[10:49] {Threei} stop to .19
[10:49] {magoo} not if mkt poowers up
[10:50] {magoo} big IF
[10:50] {Threei} direct hit
[10:50] {Threei} +.48 last portion
[10:50] {Threei} wow, just in time
[10:52] {dino} out ups .31, +.80
[10:52] {Threei} wtg
[10:52] {dino} ty
[10:52] {Threei} peter is right... one of those days you are happy to be a DAY trader
[10:53] {dino} out c .41 +.42 ty 3i heads up
[10:53] {Threei} welcome sir
[10:56] {Threei} C half lot lng on this pullback, stop under .40
[10:57] {Threei} on .65 break trail stop to .45
[10:58] {Threei} look to exit above .80
[10:59] {Threei} here it is
[10:59] {Threei} out .86, +.30
[11:02] {dino} gj
[11:03] {Threei} all this trading in C is around that core position from the morning 19 entry... still got half of that waitring for exit over 21
[11:08] {Threei} C
[11:08] {Threei} CFO: EXPECTS Q3 DECLINE IN NET INCOME V Q2, YET BETTER THAN Q1
[11:08] {Threei} - Notesthat Q3 suffering from consumer credit losses
[11:09] {dino} penn sm l .79
[11:09] {Threei} come on C
[11:09] {Threei} just 10 cents left
[11:09] {Chaeron} good morning all
[11:10] {Threei} Chaeron :)
[11:11] {Threei} out last C 21.05, +$2
[11:12] {Threei} tough crowd... dino... I don't know how you cope with it :)
[11:13] {hawkfan4} lol, nice job vad. and just to cover myself, nice job dino on your next one :)
[11:14] {Threei} lol
[11:14] {Threei} nice save hawk
[11:14] {GeoArb} wha?
[11:20] {Threei} wow
[11:20] {Threei} what's that on C?
[11:20] {GeoArb} vads 2 dollars?
[11:21] {Threei} [08:48] {Threei} I am looking at JPM on Fri,
[11:21] {Threei} [08:48] {Threei} gapped down initially,
[11:21] {Threei} [08:49] {Threei} then climbed big all day
[11:21] {Threei} [08:49] {Threei} trying to find parallels for C
[11:21] {Threei} [08:58] {Threei} half lot C makes sense here long if it breaks 19
[11:21] {Threei} [08:58] {Threei} with stop under .90
[11:21] {Threei} [08:58] {Threei} and attempt to ride it for a bigger prize
[11:21] {Threei} [09:06] {Threei} I am after $1 or so on C
[11:21] {GeoArb} ok ok vad
[11:21] {GeoArb} geo{- bows down
[11:22] {Threei} [09:32] {Threei} here comes my dollar on C
[11:22] {Threei} [09:32] {Threei} half out
[11:22] {Threei} [09:32] {Threei} +1
[11:22] {Threei} [09:32] {Threei} stop to 19.40 and offering second half at 21.05
[11:22] {GeoArb} yesyesyes
[11:22] {GeoArb} maan he is pissed....... i guess the 2 bucks didnt cheer him up
[11:23] {GeoArb} :P
[11:23] {dino} gj 3i
[11:23] {Threei} ty
[11:23] {Threei} why would I
[11:23] {dino} distraction day
[11:23] {GeoArb} great threei
[11:23] {Threei} just showing whole play layout
[11:24] {Threei} do I look that intim idating that people constantly misread me, lol
[11:24] {Threei} intimidating
[11:24] {Threei} simply answering magoo's question, he thinks I am cranky
[11:25] {Threei} (well, I am, but that's just my permanent state so nothing out of ordinary)
[11:25] {GeoArb} hehehe
[11:25] {Threei} eliminating need to scroll up for Geo, he thinks I am pissed
[11:25] {GeoArb} i thought you were going to keep posting till we said GJ
[11:25] {GeoArb} heheheh
[11:25] {Threei} if I start shooting people, what, are going to think I am irritated?? :(
[11:26] {GeoArb} mildy peeved mayb
[11:26] {GeoArb} e
[11:26] {Threei} lol
[11:26] {GeoArb} so i was reading some story about russian mafia and entry in finance
[11:26] {GeoArb} so the russian dude says.......
[11:26] {GeoArb} the italians play bocce ball to unwind
[11:26] {GeoArb} we play chess
[11:26] {GeoArb} lol
[11:27] {GeoArb} tough crowd
[11:28] {Threei} too deep
[11:28] {Threei} we are simple creatures
[11:28] {GeoArb} yeah
[11:28] {GeoArb} 2 buck chucks
[11:28] {GeoArb} (trader joes) for the canadians
[11:41] {Threei} US HOUSE MAJORITY HOYER REMARKS THAT IS 'HOPEFUL' THE VOTES ARE THERE NECESSARY TO PASS RESCUE BILL
[11:41] {Threei} {XLF}
[11:42] {Threei} imagine if they say no deal
[11:43] {Threei} Dow 7K in like 10 min?
[11:50] {esemde} logging off see you all tomorrow
[11:51] {Threei} take care ese
[11:54] {Threei} HOUSE AND SENATE TALKS HAVE REACHED AN IMPASSE ON THE ENERGY RESEARCH TAX BILL
[11:54] {Threei} {TAN}
[11:54] {Threei} what's with VLNC today?
[11:54] {Threei} is it being looked at as battery supplier for electric cars?
[11:57] {dino} dk
[12:09] {dino} ok, i think it's about time the risk management guys in the banking industry were let go
[12:09] {GeoArb} heh
[12:10] {GeoArb} they were all emasclated anyway
[12:10] {dino} :)
[12:10] {GeoArb} except in JPM
[12:10] {dino} seems to me it's been a big waste of $
[12:10] {GeoArb} not really as they are the least paid
[12:10] {GeoArb} lol
[12:10] {dino} lol
[12:13] {dino} watching ddm, qld, sso
[12:15] {dino} fitb
[12:15] {Threei} what time do they vote on rescue bill?
[12:16] {dino} 12:30-1:00
[12:16] {Threei} ty
[12:16] {Threei} siting on a sideline for now
[12:16] {dino} but it could change
[12:17] {Threei} market flatlined
[12:18] {Threei} NEW YORK FED: STAKE IN AIG HAS THE POTENTIAL TO PROVIDE SUBSTANTIAL RETURNS TO THE US TAXPAYER
[12:23] {dino} you would hope
[12:23] {Threei} it happened before
[12:24] {Threei} Chrysler bailout is one example
[12:24] {Threei} not very clear whether today's banks have their Lee yaccoca though, lol
[12:25] {dino} supposedly this rescue bill, has the govt. receiving warrants from companies...theorically, it could make them money on the real estate and banks stocks
[12:29] {Threei} CNBC REPORTS HOUSE VOTE COULD COME "SOONER THAN EXPECTED"
[12:29] {Threei} headline cicrus starts
[12:32] {dino} sso sm l .85 risky
[12:35] {Threei} WHITE HOUSE BELIEVES IT HAS THE VOTES NECESSARY TO PASS BAILOUT LEGISLATION
[12:50] {Threei} VLNC... I don't want to chase it here but gotta watch it
[12:50] {Threei} if it's really possible battery supplier for all those electric cars in works, it could run big
[12:59] {Threei} wow, I just noticed how much oil dropped
06[13:01] * dino slaps Threei around a bit with a large trout
[13:08] {Threei} why... oh why
[13:09] {Chaeron} yeah... US$ up, oil down, we're all doing great
[13:09] {Threei} except DJI is down 310
[13:09] {Threei} NQ 93
[13:09] {Chaeron} they just don't know it yet *cough*
[13:09] {Threei} market acts as it doesn't think bill will be passed or lost faith in its effectiveness
[13:11] {dino} fwiw doug kass is covering aggressively
[13:12] {Threei} DELL is one of long candidates if rally develops
[13:13] {Threei} fairly close to low, risk is minimal
[13:14] {Threei} let's hear from optimists:
[13:14] {Threei} EU'S JUNCKER: THE CRISIS WILL BE WITH US FOR "A FEW MORE MONTHS"
[13:14] {Threei} circus continues:
[13:14] {Threei} US MINORITY LEADER BOEHNER: NUMBER OF VOTES TO PASS BILL 'IN SERIOUS DOUBT'
[13:15] {dino} he seems excited
[13:16] {magoo} roflol
[13:18] {Threei} NOTES THAT THE RISK IN NOT ACTING IS MUCH GREATER THAN TAKING NO ACTION
[13:19] {Chaeron} somethings wrong there...
[13:19] {dino} he's trying to copy teddy roosevelt...
[13:20] {hawkfan4} last speaker before the vote up now
[13:20] {dino} in any moment of decision the best thing you can do is the right thing. the worst thing you can do is nothing.
[13:21] {Threei} too deep dino... just tell us yay or nay
[13:22] {dino} yay
[13:22] {Chaeron} I say nay
[13:22] {dino} imo, decided late friday, they are just posturing
[13:22] {patience} i'm with dino
[13:23] {dino} it's a p.r. stunt in campaign year
[13:23] {hawkfan4} agree too, seems too risky not to pass it
[13:23] {patience} i believe each side is negotiating terms of other bills they are willing to concede or give agreement on in order to pass this bill
[13:24] {Chaeron} I say they've created a "crisis" to get the public to behave the way they want them to
[13:24] {dino} u r correct patience
[13:24] {dino} u 2 chaer
[13:26] {Chaeron} DELL?
[13:26] {dino} what they forget is the delays are killing month end pension, mutual fund, and statement reports
[13:27] {dino} altho, maybe thats the plan.......
[13:28] {Chaeron} yes... then it passes and "lookee what WE did!"
[13:28] {hawkfan4} vote underway
[13:28] {dino} passed
[13:29] {Threei} C spiked sharply
[13:29] {Threei} DELL moving
[13:29] {dino} opps too soon
[13:30] {Threei} pulback
[13:30] {Chaeron} buy on it?
[13:30] {Threei} you know your candidates for when vote is known
[13:31] {Threei} if passes buy
[13:31] {Threei} if not, shrt the hell out of everything you can short
[13:31] {Threei} except QID, lol
[13:31] {hawkfan4} lol
[13:32] {dino} ultrashorts, qid, sds, dxd, eev
[13:34] {dino} only 18 votes apart
[13:35] {Threei} FRE seems to be reacting as well
[13:37] {dino} 134/130
[13:37] {Threei} wow
[13:37] {Threei} that's tight
[13:37] {dino} even
[13:38] {dino} 4:45 left
[13:39] {dino} 155/148
[13:39] {dino} simple majority is all it takes
[13:40] {dino} 3 min.
[13:40] {Threei} 157/159
[13:40] {Threei} even
[13:40] {dino} like a horse race
[13:40] {dino} -4
[13:40] {Threei} no kidding
[13:40] {Threei} no ahead
[13:41] {Threei} 166/171
[13:42] {dino} 1 min left -8
[13:42] {Threei} QID is your simplest way to play nay
[13:43] {dino} buckle up
[13:43] {dino} nay
[13:44] {dino} -470
[13:44] {patience} tsx - 665
[13:44] {Threei} if you took QID, half out here
[13:44] {dino} not voted wait
[13:44] {dino} 28
[13:45] {Threei} easy dollar from the moment of vote
[13:45] {dino} nice
[13:45] {Threei} if you shorted DELL, cover here
[13:45] {Threei} just a scalp
[13:45] {dino} -600 coming
[13:45] {patience} freefall
[13:45] {Threei} EMERGENCY ECONOMIC STABILIZATION ACT DOES NOT RECEIVE ENOUGH VOTES TO PASS IN THE HOUSE OF REPRESENTATIVES
[13:45] {Threei} - Did not reach 217 required in favor
[13:46] {dino} 10461
[13:46] {dino} watch it
[13:46] {Threei} out QID in full
[13:46] {dino} can you say capitulation
[13:46] {Threei} up a lot
[13:46] {patience} gold up 23 bucks
[13:48] {Threei} ok, anyone played??
[13:48] {Threei} that was the easiest play in I don't know how long
[13:48] {Threei} real time news trigger in front of your eyes, no leak
[13:48] {dino} hit -705\
[13:49] {patience} tsx -800
[13:50] {patience} g7 central banks flooding liquidity into system i'm assuming
[13:51] {dino} they can change their votes careful
[13:53] {patience} how does that work dino?
[13:53] {Threei} ummm
[13:53] {Threei} what just happened?
[13:53] {magoo} running around house trying to see who will switch
[13:53] {patience} are we in round 1 of 'x' amount of rounds?
[13:54] {Threei} see DELL spike?
[13:54] {Threei} told you it was scalp only on a short side
[13:55] {Threei} stay on a sideline now, easy money has been made
[13:58] {peterg} im bagck, scrolled through all ive missed--v interst
[13:58] {peterg} g
[13:58] {Threei} that was the easiest money I've made this year
[13:58] {Threei} so... what now?
[13:59] {Threei} arm twisting behind the curtian?
[13:59] {peterg} yeah!
[13:59] {Threei} paulson resigns?
[13:59] {Chaeron} waterboarding
[13:59] {Threei} here comes extremely important news:
[13:59] {Threei} CNBC'S LIESMAN: CONGRESSIONAL AIDE SAYS DISAPPOINTED WITH VOTE
[14:00] {Threei} I am lost here
[14:00] {Threei} vote has been made, no?
[14:01] {Chaeron} 11 members are being persuaded to change their vote
[14:01] {Threei} wehy does CNN still say it's in the process?
[14:01] {dino} good thing no shorts on financials, not! they are falling like rocks
[14:01] {Threei} fence -sitters?
[14:01] {Chaeron} no, wimps
[14:01] {Threei} ah
[14:02] {Threei} thanks for exhausting and comprehensive explanation of political system inner workings, chaeron
[14:02] {Chaeron} :) mp
[14:05] {Threei} what a drama
[14:05] {Threei} I ran out of popcorn
[14:05] {Threei} geo ran out of pampers
[14:05] {patience} feels like we're waiting for the other shoe to drop
[14:05] {magoo} they just mentioned hanging chads
[14:05] {dptl} vlnc?
[14:06] {Threei} something's going on there dp...
[14:06] {Threei} I hate to chase it that far
[14:06] {dptl} ok ty
[14:06] {Threei} see CNN?
[14:07] {dino} re-vote
[14:07] {patience} watching
[14:07] {magoo} they wont let it fail
[14:08] {GeoArb} hey !!!
[14:08] {GeoArb} i like depends
[14:08] {Threei} sounds like a good choice for today
[14:09] {GeoArb} sorry in office...
[14:09] {dino} heading to the lows
[14:09] {Threei} HOUSE CLOSES THE VOTE ON BAILOUT BILL; BILL HAS FAILED
[14:09] {GeoArb} boss keeps dropping in wanting to discuss china trip.....I DONT CARE
[14:09] {GeoArb} what you hunting vad?
[14:10] {Threei} QID
[14:10] {GeoArb} still in/
[14:10] {GeoArb} ?
[14:11] {Threei} new entry
[14:11] {Threei} on no recount
[14:12] {Threei} out already
[14:12] {Threei} don't chase anything
[14:12] {GeoArb} nah flat
[14:12] {GeoArb} didnt trade as was distracted
[14:12] {GeoArb} should have called in sick :)
[14:12] {Threei} now main question is, what's next?
[14:13] {patience} i'm glad i'm not on margin
[14:13] {magoo} vad..no chance halt mkt?
[14:14] {Threei} I don't remember the curcut-breaker numbers
[14:16] {Threei} US REP FRANK LOOKING TO EVALUATE THE REACTION IN THE ECONOMY BEFORE ASSESSING THE NEXT STEP ON RESCUE PLAN
[14:17] {Threei} honestly, I never thought they would fail it
[14:17] {Threei} shows you how prudent it iss to avoid taking position in advance of event, on your personal conviction
[14:18] {magoo} mktd starting to mover upo
[14:18] {magoo} '
[14:24] {Threei} US REP FRANK: LOOKING TO EVALUATE THE REACTION IN THE ECONOMY BEFORE ASSESSING THE NEXT STEP ON RESCUE PLAN, "DISAPPOINTED" WITH VOTE
[14:24] {Threei} ops
[14:24] {Threei} wrong one
[14:24] {Threei} HOUSE LEADERS ARE PLANNING A SECOND ATTEMPT TO PASS THE MARKET STABILIZATION BILL - NY TIMES
[14:25] {Threei} WHITE HOUSE: BUSH PLANS MEETING WITH ECONOMIC TEAM, DIFFICULT TIMES IN THE ECONOMY NEED TO BE HANDLED
[14:25] {Threei} PIMCO'S BILL GROSS: THERE IS POTENTIAL FOR A CENTRAL BANK RATE CUT EITHER HERE OR ELSEWHERE AROUND THE WORLD FOLLOWING THE HOUSE REJECTION OF THE BAILOUT BILL
[14:25] {peterg} we'll handle em
[14:25] {magoo} we need to attack iran now
[14:25] {peterg} then ossetia
[14:25] {Threei} just leave Canada alone pls
[14:26] {peterg} k
[14:26] {Threei} ty
[14:26] {Threei} oil -9??
[14:26] {magoo} i know..i understand your military is taxed right now..........heard u sent 23 men to iraq he he
[14:28] {Threei} CNBC'S LIESMAN: NO CHANCE OF A SECOND VOTE ON THE BAILOUT BILL IN THE HOUSE TODAY
[14:28] {Threei} and we need two remaining to guard Arctic, mags
[14:31] {Threei} amazingly enough, gold is not up that much
[14:34] {Threei} WB opened after halt
[14:35] {dino} oil 97 -9.89
[14:35] {Threei} biggest one drop ever I think
[14:35] {Threei} one day drop
[14:37] {Threei} anyone found WB scalp?
[14:37] {Threei} CREDIT MARKET'S FAIRLY STABLE FOLOWING NO VOTE: US 3-MOTH TED SREADS HOLDING AROUND 330 BASIS POINTS
[14:37] {Threei} - this mornings high for the 3-mont TED spread was above 350 basis points
[14:37] {Threei} - 3-month T-bill yields are holding above 0.5%
[14:42] {Threei} ok guys, anyone's making money today?
[14:42] {Threei} you are so silent, I start thinking what I am doing here
[14:42] {magoo} i made alot with u but lost on my own..flat
[14:43] {Threei} okay... stay with me then, lol
[14:43] {magoo} i need u to get me $500
[14:43] {magoo} i made 3k with u
[14:43] {Threei} thigs flatline now
[14:43] {magoo} lost 3k exact SIGH
[14:43] {Threei} gosh... why haven't you just stopped when up hat mu8ch
[14:43] {magoo} u were hot
[14:44] {Threei} or set a stop on account for the day
[14:44] {magoo} greed
[14:44] {Threei} so you wouldn't lose more than certain amount
[14:44] {Threei} being up 3K, no way I would go home with less than 2500
[14:45] {magoo} well..im off so get me $500
[14:46] {peterg} I made a cpl bucks on rimm when I was hot;
[14:46] {dino} i'm down
[14:47] {Threei} FORMER FED GOV POOLE: ECONOMY WILL NOT SINK INTO ANOTHER GREAT DEPRESSION, BELIEVES FED SHOULD NOT LEND TO PRIVATE COMPANIES
[14:49] {Threei} WB
[14:49] {Threei} .56 long for scalp
[14:49] {Threei} if stays above .49
[14:50] {Threei} out 1.71
[14:50] {magoo} in .55 out .72 TY
[14:50] {Threei} a bit early but heck
[14:51] {Threei} big shares
[14:51] {magoo} 1k
[14:51] {GeoArb} good catarsis
[14:51] {GeoArb} caTH
[14:51] {Threei} awww
[14:51] {GeoArb} i am down 1.5k and locked out
[14:51] {GeoArb} dont even ask
[14:52] {Threei} ok... but how??
[14:52] {GeoArb} GLD long
[14:52] {Threei} no signle stopped call
[14:52] {Threei} oh
[14:52] {GeoArb} on my ^&%^&% own
[14:52] {GeoArb} it went down didnt respect stop and prayed..... puked at 1.5
[14:53] {Threei} oh sheesh
[14:53] {GeoArb} promise to myself
[14:53] {Threei} just saw my actualy wexecution
[14:53] {GeoArb} TAKE ONLY VAD CALLS FOR @ WEEKS
[14:53] {Threei} sent sell when it was 1.71, got fill at 1.78!
[14:54] {GeoArb} really?
[14:54] {Threei} 3K
[14:54] {GeoArb} wow
[14:54] {GeoArb} -210
[14:54] {Threei} hmm?
[14:54] {GeoArb} loss on execution no?
[14:54] {Threei} in .56
[14:54] {Threei} out .78
[14:54] {GeoArb} oh ok
[14:54] {Threei} planned out at .71
[14:55] {GeoArb} shees free 210
[14:55] {Threei} there
[14:55] {peterg} missed wb altogether; pressed button nothing happen
[14:55] {GeoArb} anyway.... i only trade vad calls for 2 weeks now
[14:55] {Threei} oh great... that's when I go cold as cucumber
[14:55] {peterg} too much pressure for vaksdky
[14:56] {GeoArb} and ill do 5 lots
[14:56] {peterg} but better than following me
[14:56] {GeoArb} heh
[15:00] {Threei} HOUSE ABANDONING PRE-ELECTION RECESS TO DEAL WITH THE BAILOUT BILL AND FINANCIAL CRISIS
[15:00] {GeoArb} well thats good i guess
[15:00] {Threei} I can't believe how kind, gentle, merciful, thoughtful and considerate they are
[15:00] {dino} luv stopped -.21
[15:01] {Threei} TREASURY SEC PAULSON: CONSULTING WITH FED'S BERNANKE AND PRESIDENT BUSH, READY TO USE ALL TOOLS AT HIS DISPOSAL
[15:01] {Threei} uh oh
[15:11] {Threei} HOUSE SPEAKER PELOSI: LINES OF COMMUNICATIONS ARE OPEN, WE MUST INSULATE AMERICANS FROM THIS CRISIS, SEES BIPARTISAN SUPPORT FOR A SOLUTION
06[15:13] * Threei slaps laserdave1 around a bit with a large trout
06[15:13] * magoo slaps laserdave1 around a bit with a large trout
[15:15] {Threei} oil -10.54
[15:15] {Threei} mama
[15:16] {dino} out penn -.50
[15:18] {dino} they are bickering and blaming each other like crazy
[15:18] {patience} tsx down -900 and gold up 33
[15:19] {Threei} 900???
[15:19] {Threei} biggest ever?
[15:19] {patience} don't know
[15:19] {hawkfan4} if people weren't disgusted by politicians before....
[15:19] {Threei} they were??
[15:19] {Threei} I can't imagine why
[15:21] {dino} it sounds like my daughter fighting w/my son....he said this, she said that
[15:21] {Threei} fess up dino,
[15:21] {Threei} do you use this line:
[15:21] {Threei} "you are older, you ought to be smarter"
[15:21] {dino} ironically alot of democrats voted no
[15:22] {GeoArb} 40% i believe
[15:22] {peterg} on bailout?
[15:22] {GeoArb} yeah
[15:22] {Threei} yes
[15:22] {dino} i know goe, so how can they blame rebublicans alone
[15:22] {GeoArb} 2/3 repubs no
[15:23] {peterg} maybe its a bad idea
[15:23] {GeoArb} http://clerk.house.gov/evs/2008/roll674.xml
[15:23] {GeoArb} i wanna know what weller was doing
[15:24] {GeoArb} the only not voted
[15:24] {dino} don't know, and am getting to point, don't care
[15:24] {GeoArb} hehe
[15:24] {peterg} remember original dont know dont care line from emporers new groove
[15:25] {dino} no
[15:25] {peterg} ok
[15:25] {dino} are you going to tell us?
[15:25] {peterg} when you need a kids cartoon movie, you could consider it
[15:25] {GeoArb} oh hh man
[15:25] {peterg} already did; it was the tone of total self-absorption and arrogance that carried it off
[15:26] {peterg} funny and memorable in film
[15:26] {peterg} voiced by i dont know who
[15:28] {hawkfan4} 500 dow points ago today a money manager was on CNBC saying investers should "stay the course"
[15:28] {Threei} good job
[15:28] {hawkfan4} "go down with the ship"
[15:28] {Threei} sentence "stay the course" becomes clear signal "run for your life", doesn't it
[15:29] {Threei} -736 DJI
[15:29] {Threei} biggest ever
[15:29] {Threei} (Ithink)
[15:29] {dino} cme -61
[15:29] {hawkfan4} -1K +? anyone? dino?
[15:30] {Threei} so... anyone to take a bet we close green? {GGGGG}
[15:31] {hawkfan4} i'll bet you what's left of Cramer's action alerts portfolio that we don't :)
[15:31] {dino} no hawk, but tomorrow i plan to be on it
[15:31] {Threei} hey, you don't risk much, do you
[15:31] {dino} 320 area\
[15:32] {Threei} yup, TV confirms, biggest drop in points ever
[15:32] {Threei} not in %
[15:33] {Threei} hmmm
[15:34] {Threei} I hope some have strong skulls:"
[15:34] {Threei} PRESIDENT BUSH: WE WILL ADDRESS THE ECONOMIC CRISIS HEAD ON
[15:34] {Threei} ah come on
[15:34] {Threei} that was a good joke
[15:34] {Threei} or not
[15:35] {hawkfan4} {g}
[15:37] {magoo} i cant fill any orders no matter what price Anyone else?
[15:38] {Threei} hmm?
[15:38] {magoo} never mind reboot
[15:40] {Threei} Bush on TV
[15:41] {patience} vad, is bush chatting over tea with ukraine president?
[15:42] {Threei} they faded him out before he started talking about Ukraine
[15:43] {Threei} sizerable bounce DJI
[15:43] {Threei} not so much NASDAQ
[15:47] {dino} hmmm, run on investment banks coming again?
[15:49] {dino} talking about extending short sale ban
[15:49] {dino} like that helpped at all
[15:50] {dino} ban went into effect around 11483 dji, now 10400 dji. great idea
[15:50] {Threei} amazing
[15:51] {Threei} well... Einstein was right
[15:51] {dino} surrounded (or rather led) by idiots
[15:51] {Threei} there are just two infinitive things: Universe and stupidity... and I am not sure about Universe
[15:51] {dino} lol
[15:52] {dino} time for some churchill: "when going through hell, keep going"
[15:56] {Threei} Ok guys... let's havce a nice relaxing evening
[15:57] {Threei} am happy with how I handled this day
[15:57] {Threei} tomorrow will be just as interesting
[15:57] {peterg} yep tksll
[15:57] {peterg} all
[15:57] {Threei} see you tomorrow
[15:57] {hawkfan4} cya
[15:57] {dptl} have a good evening all
