Oct 06 2008
Session Time: Mon Oct 06 00:00:00 2008
[07:36] {_xzap} test
[08:15] {Threei} THE FED IS REPORTEDLY MEETING WITH THE CME AND ICE TO DISCUSS ESTABLISHING A NEW CDS EXCHANGE - CNBC
[08:16] {Threei} *FED BOOSTING TAF LIQUIDITY AUCTIONS TO $150B EACH
[08:29] {Threei} FT REPORTS THAT THE PRICE OF FANNIE MAE AND FREDDIE MAC'S BONDS MAY DECLINE AT TODAY'S AUCTION TO SETTLE UP TO $500B OF CREDIT-DEFAULT SWAPS WRITTEN ON THE GSES
[08:29] {Threei} - The recovery value of the Fannie notes are expected to be 85%-90% and 87%-92% for Freddie's debt.
[08:29] {Threei} - The auction may lead to sellers of the CDS paying out $75B to settle the contracts.
[08:29] {Threei} ACCORDING TO A FT ARTICLE COORDINATED RATE CUTS BY CENTRAL BANKS ARE POSSIBLE; NOTES THAT AN EMERGENCY FED RATE CUT IS POSSIBLE, WHICH COULD BE IN COORDINATION WITH OTHER CENTRAL BANKS
[08:31] {Threei} APWR
[08:31] {Threei} RECEIVES CONTRACT FOR 50 2.7MW WIND TURBINES WITH CHINA NATIONAL AUTOMATION CONTROL SYSTEM CORP.
[08:33] {Threei} DNDN
[08:33] {Threei} INTERIM DATA FROM PHASE 3 PROVENGE IMPACT TRIAL DEMONSTRATE 22% REDUCTION IN THE RISK OF DEATH
[08:33] {Threei} - At the final analysis, which is anticipated in the middle of 2009, if the study demonstrates approximately a 22 percent reduction in the risk of death, based on 304 events, the company would expect the study to meet its primary endpoint of overall survival.
[08:36] {magoo} morning
[08:37] {Threei} Good morning
[08:41] {_xzap} Good morning Threei
[08:41] {Threei} morning xzap
[08:42] {_xzap} My fist day here and I look forward to watching how things go here :) Thank ya'll for having me !
[08:42] {Threei} welcome to the jungle
[08:49] {Threei} TREASURY DEPT : WORKING WITH MARKET PARTICIPANTS AND REGULATORS GLOBALLY
[08:49] {Threei} - Plans to move quickly on new authority granted by passing of TARP
[08:57] {Onix} Good morning all the brave people
[08:57] {Threei} onix :)
[08:58] {Threei} oil is under 90
[08:59] {patience} what was my bet with you if oil hit 80? I never took it seriously....sigh
[08:59] {patience} good morning rt
[09:00] {Threei} does it mean that I can claim any prize I want? :)
[09:00] {Threei} good morning patience
[09:00] {patience} hum de dum...let me think through this
[09:00] {patience} need coffee first :)
[09:01] {esemde} morning.......coffee with a hypodermic needle please
[09:01] {Threei} ese :)
[09:01] {Threei} my true forecast for myself is much lower than 80 actually... I just didn't want to be considered insane so stopped at 80
[09:01] {Threei} and btw it didn't help, I was considered insane anyway
[09:02] {Threei} DELL under 15
[09:02] {Threei} some sertious bargains start shaping up
[09:03] {Threei} RIMM under 60 - had tyou ever thought you'd see this?
[09:03] {esemde} nope!
[09:04] {Threei} NVDA solidly under 9
[09:04] {Threei} sheesh
[09:05] {esemde} thinkinga bout buying more.......
[09:05] {Threei} what's your cost basis now?
[09:05] {esemde} stupidity can only last for so long
[09:06] {esemde} 11.40
[09:06] {patience} cramer this morning: i'm not buying, because prices are going lower. I bought last thursday, 95% cash committed now.
[09:06] {Threei} hmmm
[09:06] {patience} will cash in gold short term trades this morning
[09:06] {Threei} his record in calling major market turns is dismall
[09:09] {_xzap} my gap down scanners are showing a lot of good stocks that have been cut by 50% or more
[09:09] {magoo} in july cramer put up article that we had seen the bottom
[09:09] {magoo} vad, whats your take on today?humor me..i know u wait and see..but hey...where u think we headed?
[09:09] {Threei} we are closer and closer to market turn
[09:10] {Threei} I would expect first serious ramp up sometime today
[09:10] {GeoArb} gm
[09:10] {Threei} not an ultimate turn most likely, but first attempts of it
[09:10] {Threei} Geo :)
[09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[09:11] {Threei} those would be sold.
[09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[09:11] {Threei} then I'd expect very strong rally in second half of the day.
[09:12] {Threei} On a broader time frame, when major rally starts,
[09:12] {patience} i'm guessing fed rate cut this week....must be the last one to say it though :)
[09:12] {Threei} I want to start switching out of scalp mode
[09:12] {Threei} because when that rally comes, serious money is to be made
[09:13] {Threei} WB forming C&H on 1 min
[09:14] {Threei} 6.11 resistance... as much as premarket charts can be trusted
[09:14] {magoo} vad, u/we had good read on friday reaction..\
[09:15] {Threei} let's try not to bee too early on initiating longs
[09:15] {Threei} stay patient, premature attempts will do nothing but harm
[09:16] {Threei} but when real reverse comes, you will be happy you kept your powder dry
[09:16] {magoo} vad, if we do get decent reversal, lets keep eye on usualsRIMM, AAPL
[09:16] {Threei} those, yes,
[09:16] {Threei} plus DELL, NVDA
[09:16] {Threei} maybe solars although this sector is not very clear
[09:17] {GeoArb} hey vad I updated to 5.3.332 and cant login anymore :( any ideas?
[09:17] {Threei} how long have you waited?
[09:17] {Threei} first login takes longer than usual after update
[09:17] {GeoArb} till it gives me the error dialog box
[09:17] {Threei} hmmm
[09:17] {GeoArb} saying password is case sensitive
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} call dave Geo
[09:18] {Threei} oh btw, got e-mail from bruce
[09:18] {Threei} hello to everyone
[09:18] {Threei} and this observation:
[09:19] {Threei} If you had purchased $1,000 of shares in Delta Airlines one year ago, you
[09:19] {Threei} will have $49.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in AIG one year ago, you will have
[09:19] {Threei} $33.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in Lehman Brothers one year ago, you
[09:19] {Threei} will have $0.00 today.
[09:19] {Threei}
[09:19] {Threei} But, if you had purchased $1,000 worth of beer one year ago, drank all the
[09:19] {Threei} beer, then turned in the aluminum cans for recycling refund, you will have
[09:19] {Threei} received a $214.00.
[09:19] {Threei}
[09:19] {Threei} Based on the above, the best current investment plan is to drink heavily &
[09:19] {Threei} recycle. In the States it's called the 401-Keg.
[09:19] {magoo} sigh..took 2 cups coffee to realize my milk is spouiled
[09:19] {GeoArb} ewwww
[09:19] {peterg} morning all--feeling smart for the moment, in cash since summer
[09:20] {peterg} wont take long to feel stupid
[09:20] {dptl} good morning all
[09:21] {Threei} peter, dp :)
[09:22] {peterg} So as fear deepens, wish for miraculous rescue increases.
[09:23] {peterg} don't be the first on the hope train, because its the one going over the cliff
[09:23] {GeoArb} got voicemail left message
[09:25] {Threei} WB invalidate break
[09:25] {dino} ehpelumps and woozles day
[09:26] {Threei} again guys
[09:26] {Threei} stay patient
[09:26] {Threei} good trades to be had later on
[09:26] {dino} welcome xzap
[09:26] {Threei} but for now, let tyhe panic play out
[09:26] {dino} remember rule #1
[09:27] {peterg} yah?
[09:27] {dino} you must stay in the game
[09:27] {cosmo} if i'm gonna stay a patient, i'll need to switch providers...
[09:28] {peterg} lol
[09:28] {dino} find your edge, manage the risk, be consistant, and....keep it simple
[09:28] {Threei} and don;'t be a hero
[09:29] {peterg} you are speaking to the founder of mouse investments, where we snatch a bite and run away to playh another day
[09:29] {dino} that, imo, is a goos way to be today
[09:30] {cosmo} that beats 'catch a falling knife and save it for a rainny day
[09:30] {Threei} WB sharp drop
[09:30] {dino} good
[09:30] {Threei} look at DELL jump
[09:31] {Threei} some bargian hunting starts
[09:31] {GeoArb} I am in.... call tech supp they made me change port number for new build
[09:31] {dino} big gap down
[09:32] {Threei} VIX VOLATILITY MOVES TO 49.38, SURPASSING THE LEVEL OF 49.35 HIT POST-9/11/2001
[09:32] {Threei} Long Setup: DELL .21 if stays above .10
[09:32] {Threei} 1:1 easy
[09:33] {Threei} 1:3 for a multisecond, lol
[09:33] {GeoArb} all out
[09:34] {Threei} easy money, to warm up fingers
[09:34] {GeoArb} i think i was too excited i got in just in time :)
[09:34] {Threei} lol
[09:34] {peterg} +.06 tks
[09:34] {peterg} in late
[09:35] {Threei} don't chase them for now peter
[09:35] {GeoArb} enttry peter?
[09:35] {peterg} roger
[09:35] {peterg} .27
[09:35] {Threei} when we are in rally mode, entry errors are generally easily forgiven
[09:35] {Threei} in this volatility it can be very costly
[09:39] {Threei} CITI MAY CONSIDER BID FOR ENTIRETY OF WACHOVIA OPERATIONS - CNBC
[09:39] {Threei} {C WFC}
[09:43] {Threei} KFN sharp selloff
[09:44] {dino} rating cut
[09:45] {peterg} C
[09:46] {Threei} (EU) ITALIAN PM BERLUSCONI: EU LEADERS WILL DO WHATEVER IS NEEDED TO MAINTAIN FINANCIAL STABILITY, MEASURES DISCUSSED INCLUDED CENTRAL BANK LIQUIDITY INJECTIONS AND MEASURES FOCUSED ON INDIVIDUAL BANKS
[09:46] {Threei} - The EU is ready to support markets via central bank liquidity injections.
[09:46] {Threei} - EU member countries will take actions that ensure citizens do not lose any savings
[09:46] {cosmo} OSIP tests at 40
[09:46] {cosmo} fwiw
[09:48] {Threei} Long Setup: DELL half lot as close to 15 as possible, with stop under 14.80
[09:50] {Threei} if goes over 15.10, trail to 14.90
[09:50] {Onix} missed first round, now in @ .21 DELL
[09:51] {Threei} .21?
[09:51] {Onix} i mean 15.01
[09:51] {Threei} oh, OK
[09:51] {Threei} scared the bejezus out of me :)
[09:51] {Onix} :)
[09:51] {magoo} 03 here
[09:51] {Threei} takes too long... let's trail to under .90
[09:51] {Threei} don't like the resistance here, let's control risk tighter
[09:52] {Onix} ok
[09:54] {magoo} no mkt help
[09:54] {Threei} no, more selling hits
[09:54] {peterg} mouse left flat dell
[09:54] {GeoArb} ??
[09:54] {peterg} even
[09:54] {peterg} money
[09:55] {Threei} DNDN lost its mind
[09:55] {Threei} I smell broken trades
[09:55] {Threei} no worky DELL
[09:55] {magoo} out
[09:55] {Onix} stopped DELL
[09:56] {peterg} c pullback
[09:56] {peterg} maybe
[09:56] {magoo} 300 down here
[09:56] {Threei} Dow?
[09:57] {Threei} 320
[09:58] {Threei} 6 ;oints till 10K
[09:58] {Threei} points
[09:59] {_xzap} AAPL is finding sup around 92
[09:59] {magoo} careful
[09:59] {dino} lows held so far dji
[09:59] {dino} opps, cx that
[10:01] {dino} fwiw, watching ddm, qld, t, fcx
[10:04] {patience} tsx -601
[10:04] {Threei} *DJIA TRADES BELOW 10,000 FOR THE FIRST TIME SINCE OCT 2004
[10:05] {Threei} RMBS
[10:05] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR THE SAMSUNG APPEAL IN PATENT FIGHT
[10:06] {Threei} TIVO
[10:06] {Threei} SUPREME COURT WILL NOT HEAR APPEAL IN DISH-ECHOSTAR CASE
[10:06] {dino} fslr sm v sm l .7.30
[10:07] {Threei} supreme court just doesn't want tyo hear anything these days, eh?
[10:07] {Threei} told ya:
[10:07] {Threei} BSX
[10:07] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR APPEAL AGAINST JNJ IN STENT CASE
[10:08] {dino} therefore, i am not listening to them
[10:16] {Threei} selling isn't done yet
[10:18] {Threei} getting ready to start trying RIMM
[10:19] {dino} whoosh coming
[10:19] {magoo} 407 down
[10:19] {Threei} yes
[10:22] {Threei} OK first try RIMM, .75
[10:22] {Threei} with sop under .50
[10:22] {GeoArb} vad whats the symbol ofr s&p index in laser?
[10:22] {Threei} small shares
[10:23] {Threei} "/sp8z"
[10:23] {Threei} without "
[10:23] {GeoArb} the index not the future
[10:23] {Threei} 1:1 RIMM
[10:23] {GeoArb} beauty
[10:24] {Onix} ty Vad, got .44 in RIMM
[10:24] {dino} t l .48, stop lod
[10:24] {Threei} wtg onix
[10:25] {GeoArb} nice onix
[10:25] {GeoArb} .35 here
[10:25] {Onix} ty
[10:25] {dino} gj onix
[10:25] {patience} time to go for a run, tsx now down -845
[10:26] {Threei} whoa
[10:27] {GeoArb} tried $INX $SPX nope
[10:28] {dino} t stopped -.18
[10:30] {dino} -9% sincewed close
[10:30] {dino} sm qld l .80
[10:31] {peterg} beginning to understand revenge trading; going to quit while ahead
[10:31] {peterg} its when you are determined the stock will give back to you
[10:31] {peterg} no matter if it kills you
[10:31] {dino} it sucks pete
[10:31] {peterg} right
[10:33] {Threei} pukage all over
[10:33] {Threei} UAUA, bounce scalp should be close
[10:34] {Threei} 6.71 forst try if stays above 6.60
[10:34] {Threei} first
[10:34] {Threei} be ready for a few attempts on any of the bounces
[10:34] {Threei} if not, stay away
[10:35] {Threei} view it as catching babies thrown out with bathwater
[10:35] {GeoArb} heh
[10:35] {Threei} some of them are slippery
[10:36] {peterg} ill say
[10:36] {Threei} UAUA 1:1, scalpers take profit, the rest half out and try to ride it to 7
[10:38] {Threei} IRAQI OIL MINISTER: OPEC MEMBERS ARE WORRIED ABOUT THE RECENT DECLINES IN CRUDE PRICES
[10:38] {Threei} they weren't worried about rises, were they
[10:38] {GeoArb} they were
[10:38] {GeoArb} as people would slow down
[10:38] {Threei} then I feel for them
[10:38] {Threei} worry on the way up, worry on the way down
[10:38] {Threei} guys just can't catch a break
[10:39] {GeoArb} they dont want it to be too expensive
[10:39] {GeoArb} just enuff so that we pay forever
[10:39] {GeoArb} al out
[10:39] {Threei} 1:2 UAUA
[10:40] {Threei} easy money
[10:40] {Threei} and here is my 7
[10:40] {Threei} full out
[10:40] {GeoArb} beauty vad
[10:41] {Threei} now, find anyone who finds you easy money on a day like today
06[10:41] * Threei has dislocated his shoulder trying to pat himself on the back
[10:42] {GeoArb} lol
[10:42] {GeoArb} comeon guys
[10:42] {GeoArb} give him sonething !!!
[10:42] {dino} relentless
[10:42] {GeoArb} wooooo
[10:43] {peterg} waaaaaaaaaaaaay to go!!!!!!!!!!!!!!!!
[10:43] {Threei} ah what's the use
[10:43] {GeoArb} wow 540 points already and its one hour
[10:43] {Threei} the only thing I regret is not buying some QID and holding for a few hours
[10:43] {peterg} (Greedily) Find more!!
[10:43] {peterg} I tried to buy, and laser offered me choices how to configure screen
[10:43] {Threei} watching DELL
[10:43] {magoo} 600 DOWN
[10:44] {esemde} Dow dn 550....WOW!!!!!
[10:44] {esemde} major selloff vad just like you said
[10:44] {Threei} around the globe
[10:44] {dino} at 500+ pts/day, by end of month we'll be at zero
[10:44] {Threei} exchanges getting halteds
[10:45] {esemde} and DOW under 10 000
[10:45] {Threei} Russia, Brasil
[10:45] {esemde} wow!!!!!
[10:45] {Threei} this is historic stuff in the making guys
[10:45] {GeoArb} strapping on the depends right now.......
[10:45] {peterg} Short selling banned forever worldwide
[10:46] {GeoArb} and swearing
[10:46] {Threei} (BR) BOVESPA HALTED FOR SECOND TIME TODAY, OFF 15% TO 37,814
[10:47] {Threei} VIX 56
[10:47] {Threei} I've never seen it before
[10:47] {Threei} missed DELL bounce
[10:47] {GeoArb} now thats news vad as youre old as dirt
[10:48] {Threei} so we are what, 3 for 4?
[10:48] {Threei} me happy so far
06[10:49] * Threei slaps Chaeron around a bit with a large trout
[10:49] {Chaeron} good morning to you too
[10:49] {Threei} we are making money hand over fist here, where are you wandering?
[10:50] {Chaeron} taking care of son
[10:50] {Chaeron} oh well... it's not over is it?
[10:50] {dino} ice sm l .85
[10:51] {Threei} it is chaeron... it is all over...
[10:51] {GeoArb} sheesh
[10:51] {GeoArb} vads in a good mood
[10:51] {Threei} hehe
[10:51] {Chaeron} naaaaa... we still have 9800 points to go :)
[10:51] {Threei} oh
[10:51] {Threei} true
[10:51] {Threei} just not today please
[10:51] {Threei} I can't handle that much excitement in one day
[10:52] {Threei} as geo duly noted, I am getting too old for this
[10:52] {GeoArb} hehehe
[10:52] {GeoArb} i didnt say too old
[10:52] {GeoArb} just old as dirt
[10:52] {dino} ice stopped
[10:52] {Chaeron} yeah... I bet he's no spring chicken either
[10:52] {dino} sheesh
[10:52] {GeoArb} hey i might be the youngest one here
[10:53] {GeoArb} "might"
[10:53] {Chaeron} that's not saying much
[10:53] {GeoArb} lolol
[10:53] {Threei} US PRES SPOKESPERSON NOTES THAT THE TREASURY WILL ACT WITH RESCUE PLAN QUICKLY
[10:53] {Threei} - could take 4 weeks to begin auctions
[10:54] {Threei} game plan:
[10:54] {Threei} we have seen already some solid bottoms followed by bounces:
[10:54] {Threei} look at RMBS, DELL, RIMM, UAUA
[10:54] {Threei} now,
[10:55] {Threei} I don't want to chase any of them here,
[10:55] {Threei} let's wait for pullbacks,
[10:55] {Threei} and let's see if there are no new lows.
[10:55] {Threei} If not, rally will be stron and long enough to find our plays
[10:55] {GeoArb} man am i glad i called tech supprt and got in today
[10:56] {GeoArb} would have missed the money vad was throwing around
[10:56] {Threei} so, patience is still the key word
[10:56] {Threei} even though she went for a run
[10:57] {Threei} [10:25] {patience} time to go for a run, tsx now down -845
[11:02] {Threei} TSX was down 1100 points earlier
[11:05] {dino} rally
[11:06] {Threei} ARCA is out streetwide, make sure you use ISLD
[11:07] {Threei} RIMM long .21
[11:07] {Threei} stop under 55
[11:08] {Threei} half out 1:1
[11:08] {GeoArb} man i took a sip of coffee and missed it :(
[11:09] {Threei} target 56 for the balance
[11:10] {Threei} cloe enough for ya?
[11:11] {peterg} thks vad; made moneyh
[11:11] {Threei} hard not to
[11:12] {Threei} money's being thrown up in the air
[11:12] {GeoArb} even i made money... 200 shares as chased alittle
[11:12] {Threei} raise your hand and pick'em up
[11:12] {Threei} REPORTEDLY CITIGROUP HAS NO BUY WACHOVIA ASSETS WITHOUT SOME KIND OF GOVERNMENT GUARANTEE - UNCONFIRMED REPORT
[11:12] {Threei} {C}
[11:13] {Threei} general market read at this point:
[11:13] {Threei} leg down is coming
[11:14] {Threei} not likely to make new lows, alothough I wouldn't bet a farm on it
[11:14] {Threei} Long Setup: QID small shares .50 break
[11:14] {Threei} stop under .30
[11:17] {Threei} no worky
[11:17] {dino} out qld .40, +.60
[11:18] {Threei} Long Setup: DELL .81 if stays above .70
[11:22] {Threei} Attention: DELL 1:1 half out for me, scalpers know what to do
[11:23] {GeoArb} way to go with the alerts vad
[11:23] {peterg} thks
[11:24] {Threei} what do we have, 5 for 7?
[11:24] {Threei} who is running the tally
[11:24] {GeoArb} y
[11:25] {Threei} stop for DELL balance is under .80 of course
[11:25] {GeoArb} Pall out
[11:25] {Threei} DELL 1:2 is coming
[11:26] {GeoArb} .18 thanks vad
[11:26] {Threei} welcome sir
[11:26] {Threei} Long Setup: UAUA 7.01 if stays above 6.90
[11:26] {Threei} 1:1 is here on DELL
[11:27] {Chaeron} in DELL 14.82 out at 15.00 +.18... thanks Vad
[11:28] {Threei} welcome :)
[11:28] {Threei} isn't it funny that the only atttempt of short did not work today
[11:29] {GeoArb} we are patriotic
[11:29] {Threei} well, admittedly I was too hesitant in the early morning
[11:30] {Threei} but heck, we are nicely in the money while whole world is hurting like hell
[11:31] {Threei} REP FRANK: PLANS TO ASK THE FED TO REGULATE THE ACTIVITIES OF HEDGE FUNDS
[11:31] {Threei} what the...
[11:32] {peterg} lot of resistance at 7 uaua
[11:32] {Threei} yup
[11:32] {Threei} no aggressive entries
[11:32] {Threei} doesn't retreat much with NQ
[11:32] {GeoArb} waat?
[11:34] {Threei} not interested in DELL on this pullback for now
[11:35] {_xzap} MNST
[11:36] {Threei} market fairly unclear here, easy trades are done for now
[11:36] {Threei} let's wait it out a little,
[11:36] {Threei} see what's next in the store
[11:37] {Threei} MNST looks tempting... just k,ind of hard to bring oneself to buy breakouts today
[11:37] {dino} jst sm l .82 wide
[11:38] {Threei} UAUA invalidated for now
[11:41] {Threei} getting tempted to short NVDA on .80 breakdown
[11:42] {Threei} .91 stop
[11:42] {Threei} just a scalp
[11:42] {Threei} DNDN is crazy
[11:43] {esemde} Does anyone have a good idea re the percent of a float thats short will cntribute to a major short squeeze
[11:43] {esemde} for any stock......5% 9% 10% ???
[11:43] {Threei} you mean where to find it?
[11:43] {Threei} oh... nah, there is no guideline
[11:43] {esemde} no.......just % of float short
[11:44] {esemde} NVDA is 9.84% short one of the biggest ones....if it ever turns around it will be big
[11:45] {esemde} how do you keep kicking the crap out of a company that basically has no debt.....and billions in cash hanging around for R&D
[11:45] {Threei} doesn't matter ese... it just goes with market at this point
[11:46] {esemde} true
[11:46] {esemde} or should i say indeed
[11:46] {Threei} indeed you should
[11:47] {dino} fed started paying interest on reserves it holds from others today. the printing presses are wide open
[11:47] {Threei} let's trail NVDA stop to .86
[11:47] {Threei} want to keep risk tighter than usual today
[11:49] {Threei} 1:1 is coming
[11:49] {Threei} make up your mind, scalp or partial
[11:49] {Threei} here is 1:1 NVDA
[11:50] {Threei} if taking half, trail stop to .81
[11:50] {Threei} for the balance that is
[11:50] {Threei} and we are 8 for 10
[11:50] {Threei} or 7 for 9?
[11:51] {Chaeron} whatever... let's go for 18:20
[11:51] {Threei} who is running the books??
[11:53] {Threei} PRESIDENT BUSH: IT WILL TAKE SOME TIME TO FREE UP CREDIT UNDER THE FINANCIAL RESCUE PLAN, THE PLAN WAS A BIG STEP FOR ADDRESSING THE PROBLEM
[11:54] {Threei} really?
[11:54] {GeoArb} made some stupid maistakes but all was forgiven with vad's odds
[11:54] {Threei} weren't we told that was urgent measure, do it NOW to stop the bleeding?
[11:54] {GeoArb} on another note I have become a hotkey stud
[11:54] {GeoArb} any newer newbie needs advice page me
[11:54] {_xzap} Vad } In today's mkt, how many shares are you buying ?
[11:55] {dino} yes 3i, and we were also told it was the evil shorts
[11:55] {esemde} geo baby!!!!!hot key stud
[11:55] {GeoArb} hehehe
[11:55] {GeoArb} key is superflous
[11:55] {peterg} keep talking geo, im listening, or dcc?
[11:55] {Threei} xzap, I usually posat "half lot" or small shares"... if there is no comment it's usual lot
[11:56] {GeoArb} nah dcc as dont want to clutter too much
[11:56] {_xzap} ok, thx
[11:56] {Threei} what lot constitutes for each trader depends on one's risk tolerance and account size
[11:56] {Threei} my usual is 1000
[11:56] {_xzap} Thanks Vad
[11:56] {Threei} sure
[11:57] {Threei} now Mr Evans makes me think,,, give me his salary and bonuses, I can do better:
[11:57] {Threei} FED'S EVANS: FED MUST ALWAYS REEVALUATE POLICY WITH TWIN MANDATES, SEEING RISKS OF PERSISTENT HIGH INFLATION
[11:57] {Threei} - Notes that the repricing of debt will affect a large range of financial institutions, slack in economy stronger than expected
[11:57] {Threei} - Remarks that continued weakness in housing is large 'drag' upon economy
[11:57] {Threei} - US Economy will be slow to 2009, very uncertain when recovery will come
[11:57] {Threei} slack in economy stronger than expected?
[11:57] {Threei} by whome?
[11:58] {Threei} sigh
[11:58] {Threei} useless talking heads
[11:58] {Threei} anyone is still holding NVDA short or I can stop watching it?
[11:59] {_xzap} MNST trying to break the .70
[11:59] {Threei} it's 10 cents from there xzap
[11:59] {Threei} you sure your quotes are right?
[12:00] {_xzap} yes, I was late on the k'board
[12:00] {Threei} .59 . .61 right now
[12:00] {Threei} ah OK
[12:01] {Threei} TREASURY'S RYAN: LIQUIDITY PROBLEMS ARE AT THE HEART OF THE CURRENT CRISIS, CONFIDENT THE US WILL EMERGE FROM THE CRISIS WITH STRONGER MARKETS
[12:01] {Threei} {XLF}
[12:01] {_xzap} ABFS
[12:01] {Threei} of course it will if you all get out of the way and stop trying to fix unfixable
[12:06] {dino} indeed
[12:09] {Threei} WB HALTED, NEWS PENDING
[12:11] {_xzap} NVDA setting up for long ?
[12:11] {Threei} I'd stay away for now
[12:12] {Threei} no clean setup, and it looks more like random movements at this point
[12:12] {_xzap} k
[12:12] {Threei} you saw all our trades up to this moment
[12:12] {_xzap} yep
[12:12] {Threei} only cleanest of setups,
[12:12] {Threei} lowest risk possible
[12:13] {Threei} not gicving any slack today
[12:13] {_xzap} yes, I see that.. this is a tough mkt
[12:14] {Threei} not necessary tough if you stay very disciplined and patient,
[12:14] {Threei} but it's unforgiving,
[12:14] {Threei} and with emotions running that hihg, price of mistake can be high
[12:14] {_xzap} I'm thinking maybe we need this selloff to shake things out and start to build a base
[12:14] {Threei} I agre
[12:14] {Threei} or agree
[12:14] {Threei} or both
[12:15] {Threei} as I said in the morning,
[12:15] {Threei} I believe we are in the process of form the bottom for a big rally
[12:15] {Threei} and this selloff is part of this process
[12:16] {Threei} and when I say big rally, I don't mean intraday one
[12:16] {Threei} I mean real one
[12:16] {Threei} full blow bull market
[12:16] {Threei} blown
[12:16] {Threei} just stay patient and keep powder dry
[12:17] {_xzap} can you believe DRYS @ 24
[12:17] {Threei} there will be plenty of fish to shoot when it comes
[12:17] {Threei} oh there are a lot of prices hard to believe
[12:17] {Threei} many of them are babies thrown out with bathwater
[12:18] {_xzap} here comes The Decider
[12:18] {Threei} uh oh
[12:18] {Threei} Bush on TV
[12:18] {hawkfan4} gird your loins
[12:19] {Threei} lol
[12:19] {GeoArb} cant
[12:19] {GeoArb} the depends keep getting in the way
[12:20] {Threei} REPORTEDLY WELLS FARGO STILL WANTS TO ACQUIRE ALL OF WACHOVIA'S OPERATIONS
[12:20] {hawkfan4} lol
[12:20] {GeoArb} ok guys off to work good day 3i
[12:21] {GeoArb} bye
[12:21] {Threei} take care geo
[12:22] {dino} later geo
[12:23] {Threei} PERSING'S ACKMAN: NOTES HE IS AMONG AIG'S TOP 12 INVESTORS
[12:23] {Threei} how is it of any significance?
[12:24] {dino} and is he smart, buying now, or dumb buying 40 pts ago
[12:24] {Threei} lol
[12:27] {Threei} market flatlined
[12:29] {Threei} PERSHING'S ACKMAN: MADE A SMALL INVESTMENT IN AIG RECENTLY, NOW AMONG AIG'S TOP 12 HOLDERS - CONF COMMENTS
[12:29] {Threei} - AIG has very attractive assets.
[12:29] {Threei} - On a pro forma basis, Wachovia is worth $7.29-19.59 a share.{WB}
[12:29] {Threei} huh?
[12:29] {Threei} lol
[12:30] {Threei} oil under 90 again
[12:31] {Threei} "this sucker is going down"
[12:34] {dino} so when oil drops does govt complain about speculators
[12:34] {dino} :)
[12:35] {_xzap} short ABFS ?
[12:37] {Threei} with stop above .65, maybe
[12:38] {_xzap} possibly
[12:38] {Threei} into this bounce
[12:38] {Threei} on a first sign of weakness
[12:39] {Threei} market is downticking
[12:39] {Threei} and keep it small, stock is volatile
[12:39] {Threei} oh boy
[12:40] {Threei} Lehman CEO says:
[12:40] {Threei} nobody including me expected the problem with mmortgages
[12:40] {Threei} huh??
[12:40] {_xzap} Somebody will go to prison over this mess
[12:41] {Threei} I hope
[12:42] {magoo} vad, rimm is cominhg up error code on short attempt now
[12:42] {dino} a bunch of them should. no different than enron, wcom etc
[12:42] {dino} tyco
[12:42] {Chaeron} and govt officials? :)
[12:42] {magoo} not avail??
[12:42] {dino} lied about nont needing funds, etc, then wiped you out
[12:42] {Threei} wow
[12:43] {Threei} did they add RIMM to the ban list?
[12:43] {dino} barney frank should go to jail, fre, fnm will do anything i tell them
[12:43] {Chaeron} #&$#@
[12:43] {magoo} dunno..but can sh aapl..dso not my system
[12:43] {Threei} TREASURY'S RYAN: GOVT IS EXAMINING ISSUES SURROUNDING LOANS AND MORTGAGES, LOOKING AT A VARIETY OF APPROACHES TO MAKING TARP WORK
[12:43] {Threei} - Wants to get TARP up and running as soon as possible.
[12:43] {esemde} see ya tomorow.....
[12:44] {Threei} let me get this straight... they railroaded TARP through the house, now they are looking into ways to make it work?
[12:44] {Threei} take care ese
[12:44] {Chaeron} bye ese
[12:44] {dino} cya es
[12:45] {_xzap} watching ABFS to break below .40
[12:46] {Threei} VVUS
[12:46] {Threei} ANNOUNCES THE WEIGHT LOSS EFFECTS OF QNEXA IN TYPE 2 DIABETES
[12:48] {Threei} LEH CEO is getting drilled on salary, bnuses and stock sales
[12:49] {Threei} guy took hope 480 mil since 2007
[12:49] {Threei} home
[12:49] {_xzap} he looks like he needs water bad Vad
[12:49] {_xzap} or oxygen
[12:49] {Threei} I'd say what he needs in my opinion
[12:50] {Threei} but this is family oriented room
[12:50] {_xzap} lol
[12:52] {Threei} guys defense:
[12:52] {Threei} numbers are no accurate, it's rather like over 300 mil
[12:54] {Threei} oh boy... are you guys watching this?
[12:55] {dino} un be liev able
[12:55] {_xzap} he seems to be somewhat sedated
[12:55] {dino} better watch for snipers
[12:55] {Threei} I feel like I am in the land that lies beyond the looking glass
[12:56] {_xzap} MNST rolling over
[12:56] {Threei} yeah, this is not a market for buying breakouts
[13:00] {_xzap} short EXPD ?
[13:01] {Threei} near 31, yeah
[13:01] {Threei} stop is above 31.10 - .15
[13:03] {Threei} REPORTEDLY TREASURY SEC PAULSON IS TALKING WITH FED CHAIRMAN BERNANKE AND FED'S GEITHNER TODAY, "WORKING THE PHONE" TO SPEAK WITH MARKET PARTICIPANTS - UNCONFIRMED REPORT
[13:03] {Threei} just what do they talk about with "market participants"
[13:03] {patience} how much more do you need?
[13:04] {dptl} lol
[13:04] {Threei} why don't they call me then... I have exact number is mind
[13:04] {patience} don't make it millions then, they won't help, you have to ask for billions
[13:04] {Threei} yup
[13:06] {_xzap} this is crazy. Normal technical trading techniques are out the window
[13:08] {dino} cmt channel interesting today
[13:10] {dino} xzap, yes, for about a month
[13:11] {Threei} FED'S FISHER: NOW IS NOT THE TIME TO PANIC WITH REGARDS TO FINANCIAL MARKETS
[13:11] {Threei} I think we can rely on Fisher to tell us when it's time to panic?
[13:11] {Chaeron} he's right... we should have panicked months ago
[13:12] {dino} well, translated he means you should have panic sold at end of aug.
[13:12] {GeoArb} :)
[13:12] {dino} lol chaer
[13:12] {GeoArb} well i did move my 401k to treasures a few months ago
[13:12] {GeoArb} dunno if it was smart
[13:12] {GeoArb} more kneejerk
[13:13] {_xzap} Dino } My charts look like a bad EKG
[13:13] {dino} lol
[13:13] {Threei} means they work well
[13:13] {Threei} 'cause that's exaclty what we have in the markets these days
[13:14] {_xzap} I can usual trade on an EMA cross but that won't work now
[13:14] {Threei} if you see good EKG, your charts are off
[13:14] {GeoArb} i wonder if short ban expiration will affect market
[13:14] {Threei} yes
[13:14] {_xzap} my trend lines look like a 5 year old with a crayon
[13:16] {_xzap} ZION setting up for short ?
[13:16] {Threei} I don't think you can short it
[13:16] {Threei} financial
[13:16] {_xzap} true, I forgot
[13:20] {Threei} amazing, all activity has died
[13:21] {patience} options are moving
[13:21] {Threei} which way?
[13:21] {patience} i'm scalping POT april 100 calls, they have been moving up
[13:21] {patience} could reverse easily
[13:21] {GeoArb} what platform for options patience
[13:22] {GeoArb} ?
[13:22] {patience} i just used my general trading account through td
[13:22] {GeoArb} ok
[13:22] {GeoArb} TY
[13:22] {Threei} doesn't Laser offer options geo?
[13:22] {GeoArb} i think it does
[13:22] {_xzap} DRYS possible short set up
[13:22] {GeoArb} i dont think i have quotes
[13:23] {Threei} I remember something a while ago about implemenmting them
[13:23] {Threei} oh, you need to apply for it separately
[13:23] {Threei} not on by default
[13:23] {Threei} PERU STOCK EXCHANGE HALTED TEMPORARILY AFTER DECLINING 7.5%
[13:25] {Threei} CSIQ
[13:25] {Threei} SIGNS 2009 SALES CONTRACT
[13:25] {Threei} wow
[13:25] {Threei} some spike
[13:26] {Threei} SIGNS 2009 SALES CONTRACT FOR 28MW, OPTIONS FOR ANOTHER 20MW, PRICES FIXED FOR NEXT MONTHS
[13:26] {GeoArb} just got off the phone with dave.... he alled back
[13:27] {GeoArb} heisnt trading today.... got stuff to care
[13:27] {Threei} gosh... CSIQ is so cheap
[13:28] {_xzap} look how fast the vol fell off on CSIQ
[13:28] {GeoArb} hmmm thats what my wife says about me
[13:28] {Threei} yeah, just some dummies pushing market order buttons into thin stock
[13:29] {magoo} vad is RIMM avail short for u?try it way ouit there
[13:29] {Threei} no mags, I tried when you asked first trime
[13:29] {magoo} ok ty
[13:29] {Threei} same error code as for list of short ban
[13:29] {dino} lol
[13:29] {Threei} I guess they applied to SEC to be included
[13:30] {GeoArb} i got a mesage
[13:30] {GeoArb} no error code
[13:30] {GeoArb} "cannot short per sec"
[13:30] {Threei} same thing
[13:30] {GeoArb} they have a newer new version
[13:30] {GeoArb} 5.3.332
[13:30] {Threei} yeah
[13:31] {Threei} any changes but this?
[13:31] {GeoArb} maybe decided to have friendly error messages unlike MSFT
[13:31] {GeoArb} some ISLD routing fixes
[13:31] {Threei} what are those corrections in server?
[13:31] {GeoArb} sorry
[13:31] {GeoArb} ARCA
[13:31] {GeoArb} 1. Fix ARCA routing strategy once PO+ selected.
[13:31] {GeoArb} 2. Use updated SymbolInfo.txt (4/24/2008)
[13:31] {GeoArb} 3. Add ten lines for internet quote servers.
[13:32] {Threei} no, I mean to log in
[13:32] {Threei} what do you need to change?
[13:32] {GeoArb} dave said when i installed new version it reset my port to default
[13:32] {GeoArb} as i need to user bear port they gave it to me and then it worked
[13:33] {magoo} i haven't downloaded it yet..u vad?
[13:33] {_xzap} still watching DRYS for short
[13:33] {Threei} no
[13:33] {Threei} don't want to get stuck
[13:33] {GeoArb} they want us to use 15905 as port
[13:33] {Threei} and geo won't share
[13:33] {GeoArb} i just did
[13:33] {Threei} oh he did
[13:34] {Threei} lol
[13:34] {GeoArb} i was checking
[13:34] {Threei} it's executor server only, right?
[13:34] {Threei} the rest stays as it is
[13:35] {GeoArb} yes
[13:35] {GeoArb} ill email ya a snapshot
[13:35] {Threei} OK... no trades anyway rifght now, I can try mags
[13:35] {Threei} will tell you if it goes smoothly
[13:35] {magoo} ok
[13:35] {magoo} ill wait
[13:35] {magoo} im computer illitterate
[13:36] {GeoArb} sent vad
[13:37] {Threei} installing
[13:38] {magoo} looking for my dow 9000 hat
[13:38] {GeoArb} really magoo?
[13:38] {magoo} yeah..been so long cant find it
[13:39] {Threei} opened with no problem mags
[13:39] {magoo} did u have to dock in port 188905?
[13:39] {Threei} just click Server setup before trying tolog in
[13:39] {magoo} or wshatever?
[13:39] {Threei} and change executor server to 15905
[13:40] {_xzap} Woo ! +1 point on DRYS short
[13:41] {Chaeron} nice one xzap
[13:41] {Threei} wtg
[13:42] {Chaeron} (don't know why I have a desire to nickname you "Zap Brannigan" hmmm doubt anyone here would get reference
[13:42] {_xzap} lol
[13:43] {_xzap} man, a stock makes a little run in one direction and turns right around and runs in the other direction
[13:45] {Threei} break of 24 begs to be shorted again
[13:46] {_xzap} I'm afraid to go back in
[13:47] {GeoArb} you in vad
[13:48] {Threei} not here
[13:48] {Threei} missed original entry as typed
[13:48] {GeoArb} yeah me too
[13:48] {Threei} not want to see support giving in
[13:48] {Threei} not = now
[13:49] {Threei} .79 would be breakdown
[13:49] {Threei} small shares, stop around 24.10
[13:54] {Threei} why is WB happy again?
[13:54] {Threei} I see no new news
[13:55] {Threei} TICKS HIGHER AS PERSHING'S ACKMAN APPEARS ON CNBC, REITERATES HE SEES WB SHARES WORTH AROUND $8/SHR AT A MINIMUM
[13:55] {Threei} sigh
[13:55] {Threei} come on people
[13:56] {Threei} guy takes large stake, goes on TV and says it costs more
[13:56] {Threei} and they jump to buy?
[13:56] {dino} fcx sm wide l .20
[13:57] {Threei} Nato commanders to draw up plans to defend ex-Soviet bloc members from Russia
[13:57] {GeoArb} so is anyone going to jail?
[13:57] {GeoArb} One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.
[13:59] {Threei} so bonuses were granted?
[13:59] {GeoArb} Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.
[13:59] {GeoArb} i thought bankruptcy had bonus clawback provisions no?
[14:04] {Threei} what if they already spend it?
[14:04] {Threei} transfered out of country
[14:04] {Threei} numbered offshore accounts
[14:04] {GeoArb} whatever happenned to the risk part of reward?
[14:04] {Threei} that's for us
[14:04] {Threei} for them it's pure reward
[14:04] {Threei} you heard Leh Ceo
[14:05] {dino} stopped fcx
[14:05] {GeoArb} i have come to the conclusion that capitalism something sold to the masses...
[14:05] {GeoArb} its chummy socialism on top
[14:05] {Threei} "company did well, we did well..y didn't do well, neiether did we"
[14:05] {Threei} congressman: huh?
[14:05] {Threei} seems you did well no matter what
[14:06] {GeoArb} well his wife IS selling all their art
[14:06] {Threei} I am crying
[14:06] {GeoArb} hehehe
[14:07] {GeoArb} "i cannot recall" answers flying
[14:09] {Threei} chart looks like another breakdown is coming
[14:09] {_xzap} watching to short CSIQ
[14:10] {Threei} break of 13
[14:10] {Threei} just keep size reasonable, very thin one
[14:10] {GeoArb} ahh the ones given 20 mill were actually fired
[14:11] {_xzap} I'd like to see 12.50 on CSIQ
[14:11] {_xzap} 12.59 I mean
[14:12] {Threei} oh, that's why bounuses were so small geo?
[14:12] {GeoArb} yup
[14:12] {Threei} got it
[14:12] {_xzap} why did they name a company located in China Canadian Solar
[14:13] {Threei} it's a canadian company
[14:13] {_xzap} that makes sense
[14:13] {Threei} production is in China but whose isn't
[14:13] {_xzap} doesn't China own most of the US now
[14:14] {_xzap} PLCM breaking down
[14:14] {GeoArb} i tuened it off... got sickened
[14:18] {_xzap} MNST trying to break down
[14:21] {dptl} what a crazy day
[14:21] {Threei} ugh
[14:21] {GeoArb} you wanna bet today is the day the keating ads will com out?
[14:21] {Threei} looked at DELL to short
[14:21] {Threei} and disdn't find guts
[14:22] {_xzap} Vad, it would be cool if you had a sound alert on here when you made an entry
[14:22] {GeoArb} csiq broke
[14:22] {Threei} you can set it in your mirc on my name
[14:22] {_xzap} oh, thanks
[14:22] {dptl} where is tsx now anybody??
[14:22] {GeoArb} files options irc highlight
[14:22] {Threei} HEARING REPORTEDLY SET FOR 2PM TOMMOROW ON CITIGROUP AND WFC DISPUTE OVER WB ACQUISITION
[14:22] {Threei} - Note Bair remarked that she expected a solution with regards to the disupute today{C WB}
[14:23] {dptl} pations......tsx?
[14:23] {dptl} pationce sorry
[14:23] {Threei} try again
[14:23] {dptl} damn...patience
[14:23] {Threei} third time should it
[14:23] {Threei} there :)
[14:24] {dptl} lol
[14:25] {_xzap} I'm right clicking your name Vad but son't see an audio alert option
[14:26] {GeoArb} {GeoArb} files options irc highlight
[14:26] {Threei} geo tells you how to do it xzap
[14:26] {dptl} -951 tsx
[14:27] {GeoArb} put threei and enable sound
[14:27] {GeoArb} wow
[14:27] {magoo} cant short goog now vad
[14:27] {GeoArb} really?
[14:28] {GeoArb} heheheh maybe the new version screwed it up
[14:28] {_xzap} thx Geo, I think I got it
[14:30] {dptl} almost -1000 tsx
[14:30] {_xzap} PLCM below S1 now
[14:30] {GeoArb} S1?
[14:30] {_xzap} Support 1
[14:32] {GeoArb} GOOG isnt on the shortlist as of 9:16
[14:32] {GeoArb} http://www.gndt.com/support/shortlist.htm
[14:33] {GeoArb} maybe they just ran out of locates
[14:33] {GeoArb} fellow swingers used em up
[14:33] {GeoArb} ok that didnt come out right
[14:33] {Threei} lol
[14:33] {patience} i was wondering
[14:34] {GeoArb} beacuse i think the way it works is brokerages have short inventory beofre open.... and it just might have been used up
[14:35] {patience} tsx down -925 oh my my
[14:35] {dptl} crazy
[14:35] {GeoArb} dino dcc pls
[14:35] {Threei} interesting thing is, it still doesn't feel like capitulation
[14:36] {patience} well mom just phoned, she is cashing in more investments.....can't be that far away
[14:37] {Threei} oil 89?
[14:38] {dptl} 88.27
[14:38] {GeoArb} its 88
[14:39] {GeoArb} sorry dptl
[14:39] {dptl} goes fast:)
[14:40] {Threei} good
[14:40] {patience} qid, sds, skf and especially fxp have done well
[14:40] {Threei} (well, I had to find something good in what happens in markets today, no?)
[14:40] {patience} not that i traded them
[14:40] {GeoArb} i thought therer was one nyse high
[14:41] {dptl} really happy about oil.....might even go and wash my car :)
[14:41] {_xzap} PLCM near day's low
[14:42] {GeoArb} finally take it for a spin?
[14:42] {dptl} lol
[14:44] {Threei} anyone bets on Dow closing green?
[14:44] {GeoArb} which side you on vaD?
06[14:44] * Threei crawls under the nearest rock
[14:44] {Threei} I am against
[14:44] {Threei} just thought maybe someone had some beer to lose on a bet
02[14:45] * Disconnected
02[15:16] * Attempting to rejoin channel #discussions
[15:17] {dptl} whoooho tsx-1000
[15:17] {dino} -800
[15:17] {dino} dji
[15:17] {GeoArb} i made money today
[15:17] {GeoArb} but am not happy for some reason
[15:17] {GeoArb} atleast i was long hehehe
[15:17] {_xzap} my T&S looks like it's in slow motion
[15:17] {patience} vad just phoned me
[15:17] {patience} all of his internet has died
[15:17] {patience} ok, is anybody still here?
[15:17] {_xzap} yep
[15:17] {dptl} yep
[15:17] {dino} y
[15:17] {dino} tell vad he has to pay the bill
[15:17] {_xzap} JRCC setting up for a long
[15:17] {_xzap} will the dow close down -1000
[15:17] {peterg} hr to go;
[15:17] {GeoArb} hey peterg
[15:17] {GeoArb} dcc
[15:17] {patience} interesting link on circuit breakers http://www.nyse.com/press/circuit_breakers.html
[15:17] {dptl} vrsn???
[15:17] {_xzap} I don't see any news on VRSN
[15:17] {peterg} geo dcc'd
[15:17] {_xzap} This was my 1st day here, just wnated to thank ya'll for letting me hang out
[15:17] {patience} interesting times xzp
[15:17] {dino} yeah, not one of my better days
[15:17] {_greens} c
[15:17] {_xzap} I have a system that works pretty well but not right now
[15:17] {dino} in any case, i won't be in rest of week, golf vaca
[15:17] {patience} what is volume like today?
[15:17] {patience} no laptop on the golf course dino?
[15:17] {_xzap} i can't find vol in anything
[15:17] {_xzap} dptl } Still watching VRSN ?
[15:17] {dptl} above averege on qqqq...patience
[15:17] {dino} no patience, i have refused to bring work on vacations. like to clear my head
[15:17] {dptl} amm..no vrsn...was playing rmbs
[15:17] {_xzap} VRSN is acting weird
[15:18] {Threei} am I back?
[15:18] {_xzap} yep
[15:18] {Threei} wow
[15:18] {patience} nice last hour recovery in progress
[15:18] {dptl} hey Vad
[15:18] {dino} yes abot 300 pts
[15:19] {Threei} sh*t
[15:19] {Threei} missed everything
[15:19] {Threei} good 50 cents on DELL
[15:19] {GeoArb} you missed?
[15:19] {GeoArb} no no
[15:19] {GeoArb} we missed vad
[15:20] {Chaeron} going for green..........
[15:20] {_xzap} no news on VRSN, up almost 2 points
[15:21] {Threei} can't believe it... reversal I was for whole day, and darn internet goes doqwn
[15:21] {Threei} was waiting for
[15:21] {GeoArb} tch tch
[15:21] {GeoArb} i trade on 30 buck dsl
[15:22] {GeoArb} and wireless on 30 buck cable
[15:22] {GeoArb} leanred that when i used to trade futures with stops local
[15:22] {_xzap} all my gap downs from this am have turned around
[15:23] {GeoArb} vad doesnt even have the connectivity for a trout lol
[15:23] {Threei} lol
[15:23] {Threei} all green lights on modem and router, no connection
[15:23] {Threei} something got cut off at ISP
[15:24] {Threei} well, we did great today anyway
[15:24] {Threei} just a shame that this reversal slipped through fingers
[15:24] {GeoArb} you need a hotbrick vad
[15:24] {Threei} frikin 50 points NQ
[15:24] {Threei} I know, a lot of investors would say "cry me a river"
[15:24] {Threei} but still
[15:24] {GeoArb} takes cable and dsl at back and flips if one fails
[15:25] {_xzap} Look at SPWRA
[15:25] {Threei} everything I was hunting for:
[15:25] {Threei} DELL 50 cents
[15:25] {Threei} RIMM 4 bucks
[15:26] {Threei} NVDA 40 cents
[15:26] {GeoArb} ehehehe
[15:26] {GeoArb} vad sounds anguished
06[15:26] * Threei slaps GeoArb around a bit with a large trout
[15:26] {Threei} you asked for it :)
[15:26] {GeoArb} we killed anyway vad
[15:26] {dino} out fslr 150.30, +3.00 all day sheesh
[15:26] {GeoArb} coe dino deserves one
[15:26] {Threei} yeah, no reason to complain, except one:
[15:26] {GeoArb} look at his timing
[15:26] {Chaeron} nice dino
[15:26] {_xzap} AAPL running
[15:26] {Threei} when this rally develops, I am not going to stay with scalps
[15:27] {GeoArb} true true
[15:27] {Threei} this is going to be a reversal for big moneyu
[15:27] {Chaeron} did we see the MOABs today?
[15:27] {dino} ty chaer
[15:27] {GeoArb} yeah i even made dave increase my share per ticket
[15:27] {Threei} and I didn't intend to miss first leg of it to say honestly :)
[15:27] {Threei} beautiful trade dino
[15:28] {Threei} I am not sure yet chaeron
[15:28] {Threei} by the charts configuration, very possibly,
[15:28] {Threei} but today's selling didn't have this feel of ultimate climax
[15:28] {Threei} organized liquidation rather than sheer panic
[15:29] {dino} lucky vad, but thx
[15:29] {Threei} yeah yeah, we know :)
[15:29] {GeoArb} dino i have a quote for you
[15:29] {dino} ?
[15:29] {dino} better lucky than good
[15:29] {patience} i've put some stink bids in, figure the public hasn't participated rush to safety
[15:29] {GeoArb} seneca the yonger: lunck happens when preparation meets oppurtunity
[15:29] {GeoArb} http://en.wikipedia.org/wiki/Seneca_the_Younger
[15:30] {dptl} rmbs..baby...+.06 +.13
[15:30] {dino} ah yes, i've heard that
[15:30] {GeoArb} :)
[15:30] {dino} i kind of think we create a bit of our own luck
[15:31] {Threei} in trading we certainly do
[15:31] {GeoArb} in ancient sanskrit.....
[15:31] {GeoArb} the deer doent walk into the sleeping lions mouth on its own
[15:31] {GeoArb} ok looks like i made too much money
[15:32] {Threei} Russia is down 21%??
[15:32] {Threei} mama
[15:32] {dino} ouch
[15:32] {dptl} oh maan
[15:33] {dptl} they were open??
[15:33] {Threei} they halted twice
[15:33] {GeoArb} oil +1.67
[15:33] {dptl} hoping i guess
[15:33] {Threei} GE
[15:33] {Threei} pullback is interesting here for bounce
[15:35] {Threei} closer to 21 hopefully
[15:35] {Threei} and with market resumption to the upside
[15:36] {Threei} watch from here
[15:37] {Threei} in .92
[15:37] {Threei} stop .85
[15:38] {Threei} can take a few tries as all these pullbacks
[15:40] {Threei} out
[15:41] {_xzap} I get stopped out on the bid, not the last. Does this happen to anyone else ?
[15:41] {GeoArb} what platform?
[15:41] {_xzap} Scott Trade elite
[15:41] {Threei} sheesh
[15:42] {Threei} jumped right back up
[15:42] {GeoArb} :(
[15:42] {dptl} to close to eod...to crazy
[15:42] {GeoArb} one internet crash and vad lost mojo
[15:42] {GeoArb} lol
[15:42] {Threei} lol
[15:42] {Threei} come on... sacrifice 7 cents for common good
[15:43] {Threei} these pullbacks are always: dop not play if not ready for a few attempts
[15:43] {Chaeron} we in again?
[15:43] {Chaeron} *sigh*
[15:43] {GeoArb} look at this
[15:43] {GeoArb} sheesh
[15:43] {dino} out jst .47 ave +.65
[15:43] {Chaeron} out at .85 - -.07
[15:43] {dptl} staying away...protecting profits:)
[15:44] {GeoArb} smart dptl
[15:44] {Threei} happens too quickly to comment real time chaeron
[15:44] {_xzap} DRYS
[15:44] {Threei} overtightened stop a bit I guess on GE
[15:45] {GeoArb} peter am done trading.... so you can dcc me about hotkeys
[15:45] {dino} clf bounce range
[15:45] {Onix} stopped GE @.84 = -.12 and look at it now!
[15:45] {GeoArb} thats why i am done :)
[15:46] {GeoArb} got stopped out... want to take rest home
[15:46] {Chaeron} Onix - give it time... it could have just as easily gone to 20.20
[15:46] {Onix} so true
[15:47] {Chaeron} I have to go ... bye everyone... we'll have fun tomorrow too
[15:47] {_xzap} Thanks for having me today Vad :)
[15:47] {Threei} take care chaeron
[15:47] {GeoArb} bye caeron
[15:47] {_xzap} see ya chaeron
[15:47] {Threei} glad to be a host xzap
[15:48] {_xzap} I'll be here rest of this week
[15:48] {peterg} thanks geo
[15:50] {dptl} what a day.....:)
[15:50] {Threei} no kidding
[15:50] {magoo} crazy
[15:51] {dptl} i am gonna mark it on my calendar:)
[15:52] {Threei} last scalp, DELL long
[15:53] {Threei} .80
[15:53] {dino} thx all, see you next monday. good luck and stay alive
[15:53] {Threei} take care dino
[15:53] {peterg} have great trip dino
[15:53] {hawkfan4} cya dino
[15:53] {dptl} have fun
[15:53] {magoo} in dell
[15:54] {GeoArb} half out 1:1
[15:54] {Threei} out .92
[15:54] {Threei} too close to eod
[15:55] {magoo} out .95 FL TY bossasauras
[15:55] {Threei} lol, welcome
[15:55] {Threei} had to get back those 7 cents on GE
[15:55] {GeoArb} great ending 31
[15:55] {GeoArb} i understand
[15:55] {dptl} :)...amazing...nice trade didn't have gats for that:)
[15:55] {magoo} btw..u still stuck with me ALL WEEK lol
[15:55] {GeoArb} lol
[15:55] {Threei} lol
[15:55] {Threei} remember old saying?
[15:55] {Threei} amateurs open market, pros close it
[15:55] {GeoArb} i didnt revenge trade GE
[15:55] {Threei} well, look at the close
[15:56] {Threei} DJI is down lousy 330 points
[15:56] {magoo} big gap tomorrow unfortunately
[15:56] {Threei} which is nothing in terms of recent volatility
[15:56] {dptl} :)
[15:56] {dino} 500 pt dji comeback
[15:56] {Threei} yup
[15:56] {Threei} tells you wheta smart money is doing today
[15:57] {Threei} today's sellers will be big losers when all said and doen, IMO
[15:57] {dptl} good day.....have a good evening all :) and ty for the heads up:)
[15:58] {Threei} frikin GE, lol
[15:58] {Threei} take care dp
[15:58] {magoo} u too dp
[15:59] {Threei} [09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[15:59] {Threei} [09:11] {Threei} then I'd expect very strong rally in second half of the day.
[15:59] {peterg} ciao all; so vad you have 2 scenarios eh
[16:00] {Threei} at least
[16:00] {peterg} big up at open, or bleak relentless at first, followed by up
[16:00] {peterg} right
[16:00] {peterg} thks, gd day
[16:00] {Threei} no, first one was:
[16:01] {peterg} yah?
[16:01] {Threei} [09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[16:01] {Threei} [09:11] {Threei} those would be sold.
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {magoo} u always forget to post who asks the question..he he
[16:02] {peterg} me?
06[16:02] * magoo slaps peterg around a bit with a large trout
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:02] {peterg} much better...............
[16:02] {magoo} hey,,not very nice
[16:02] {peterg} do you feel lucky?
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:03] {patience} have fun dino, magoo will be his usual wonderful self while you are gone :)
[07:36] {_xzap} test
[08:15] {Threei} THE FED IS REPORTEDLY MEETING WITH THE CME AND ICE TO DISCUSS ESTABLISHING A NEW CDS EXCHANGE - CNBC
[08:16] {Threei} *FED BOOSTING TAF LIQUIDITY AUCTIONS TO $150B EACH
[08:29] {Threei} FT REPORTS THAT THE PRICE OF FANNIE MAE AND FREDDIE MAC'S BONDS MAY DECLINE AT TODAY'S AUCTION TO SETTLE UP TO $500B OF CREDIT-DEFAULT SWAPS WRITTEN ON THE GSES
[08:29] {Threei} - The recovery value of the Fannie notes are expected to be 85%-90% and 87%-92% for Freddie's debt.
[08:29] {Threei} - The auction may lead to sellers of the CDS paying out $75B to settle the contracts.
[08:29] {Threei} ACCORDING TO A FT ARTICLE COORDINATED RATE CUTS BY CENTRAL BANKS ARE POSSIBLE; NOTES THAT AN EMERGENCY FED RATE CUT IS POSSIBLE, WHICH COULD BE IN COORDINATION WITH OTHER CENTRAL BANKS
[08:31] {Threei} APWR
[08:31] {Threei} RECEIVES CONTRACT FOR 50 2.7MW WIND TURBINES WITH CHINA NATIONAL AUTOMATION CONTROL SYSTEM CORP.
[08:33] {Threei} DNDN
[08:33] {Threei} INTERIM DATA FROM PHASE 3 PROVENGE IMPACT TRIAL DEMONSTRATE 22% REDUCTION IN THE RISK OF DEATH
[08:33] {Threei} - At the final analysis, which is anticipated in the middle of 2009, if the study demonstrates approximately a 22 percent reduction in the risk of death, based on 304 events, the company would expect the study to meet its primary endpoint of overall survival.
[08:36] {magoo} morning
[08:37] {Threei} Good morning
[08:41] {_xzap} Good morning Threei
[08:41] {Threei} morning xzap
[08:42] {_xzap} My fist day here and I look forward to watching how things go here :) Thank ya'll for having me !
[08:42] {Threei} welcome to the jungle
[08:49] {Threei} TREASURY DEPT : WORKING WITH MARKET PARTICIPANTS AND REGULATORS GLOBALLY
[08:49] {Threei} - Plans to move quickly on new authority granted by passing of TARP
[08:57] {Onix} Good morning all the brave people
[08:57] {Threei} onix :)
[08:58] {Threei} oil is under 90
[08:59] {patience} what was my bet with you if oil hit 80? I never took it seriously....sigh
[08:59] {patience} good morning rt
[09:00] {Threei} does it mean that I can claim any prize I want? :)
[09:00] {Threei} good morning patience
[09:00] {patience} hum de dum...let me think through this
[09:00] {patience} need coffee first :)
[09:01] {esemde} morning.......coffee with a hypodermic needle please
[09:01] {Threei} ese :)
[09:01] {Threei} my true forecast for myself is much lower than 80 actually... I just didn't want to be considered insane so stopped at 80
[09:01] {Threei} and btw it didn't help, I was considered insane anyway
[09:02] {Threei} DELL under 15
[09:02] {Threei} some sertious bargains start shaping up
[09:03] {Threei} RIMM under 60 - had tyou ever thought you'd see this?
[09:03] {esemde} nope!
[09:04] {Threei} NVDA solidly under 9
[09:04] {Threei} sheesh
[09:05] {esemde} thinkinga bout buying more.......
[09:05] {Threei} what's your cost basis now?
[09:05] {esemde} stupidity can only last for so long
[09:06] {esemde} 11.40
[09:06] {patience} cramer this morning: i'm not buying, because prices are going lower. I bought last thursday, 95% cash committed now.
[09:06] {Threei} hmmm
[09:06] {patience} will cash in gold short term trades this morning
[09:06] {Threei} his record in calling major market turns is dismall
[09:09] {_xzap} my gap down scanners are showing a lot of good stocks that have been cut by 50% or more
[09:09] {magoo} in july cramer put up article that we had seen the bottom
[09:09] {magoo} vad, whats your take on today?humor me..i know u wait and see..but hey...where u think we headed?
[09:09] {Threei} we are closer and closer to market turn
[09:10] {Threei} I would expect first serious ramp up sometime today
[09:10] {GeoArb} gm
[09:10] {Threei} not an ultimate turn most likely, but first attempts of it
[09:10] {Threei} Geo :)
[09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[09:11] {Threei} those would be sold.
[09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[09:11] {Threei} then I'd expect very strong rally in second half of the day.
[09:12] {Threei} On a broader time frame, when major rally starts,
[09:12] {patience} i'm guessing fed rate cut this week....must be the last one to say it though :)
[09:12] {Threei} I want to start switching out of scalp mode
[09:12] {Threei} because when that rally comes, serious money is to be made
[09:13] {Threei} WB forming C&H on 1 min
[09:14] {Threei} 6.11 resistance... as much as premarket charts can be trusted
[09:14] {magoo} vad, u/we had good read on friday reaction..\
[09:15] {Threei} let's try not to bee too early on initiating longs
[09:15] {Threei} stay patient, premature attempts will do nothing but harm
[09:16] {Threei} but when real reverse comes, you will be happy you kept your powder dry
[09:16] {magoo} vad, if we do get decent reversal, lets keep eye on usualsRIMM, AAPL
[09:16] {Threei} those, yes,
[09:16] {Threei} plus DELL, NVDA
[09:16] {Threei} maybe solars although this sector is not very clear
[09:17] {GeoArb} hey vad I updated to 5.3.332 and cant login anymore :( any ideas?
[09:17] {Threei} how long have you waited?
[09:17] {Threei} first login takes longer than usual after update
[09:17] {GeoArb} till it gives me the error dialog box
[09:17] {Threei} hmmm
[09:17] {GeoArb} saying password is case sensitive
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} call dave Geo
[09:18] {Threei} oh btw, got e-mail from bruce
[09:18] {Threei} hello to everyone
[09:18] {Threei} and this observation:
[09:19] {Threei} If you had purchased $1,000 of shares in Delta Airlines one year ago, you
[09:19] {Threei} will have $49.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in AIG one year ago, you will have
[09:19] {Threei} $33.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in Lehman Brothers one year ago, you
[09:19] {Threei} will have $0.00 today.
[09:19] {Threei}
[09:19] {Threei} But, if you had purchased $1,000 worth of beer one year ago, drank all the
[09:19] {Threei} beer, then turned in the aluminum cans for recycling refund, you will have
[09:19] {Threei} received a $214.00.
[09:19] {Threei}
[09:19] {Threei} Based on the above, the best current investment plan is to drink heavily &
[09:19] {Threei} recycle. In the States it's called the 401-Keg.
[09:19] {magoo} sigh..took 2 cups coffee to realize my milk is spouiled
[09:19] {GeoArb} ewwww
[09:19] {peterg} morning all--feeling smart for the moment, in cash since summer
[09:20] {peterg} wont take long to feel stupid
[09:20] {dptl} good morning all
[09:21] {Threei} peter, dp :)
[09:22] {peterg} So as fear deepens, wish for miraculous rescue increases.
[09:23] {peterg} don't be the first on the hope train, because its the one going over the cliff
[09:23] {GeoArb} got voicemail left message
[09:25] {Threei} WB invalidate break
[09:25] {dino} ehpelumps and woozles day
[09:26] {Threei} again guys
[09:26] {Threei} stay patient
[09:26] {Threei} good trades to be had later on
[09:26] {dino} welcome xzap
[09:26] {Threei} but for now, let tyhe panic play out
[09:26] {dino} remember rule #1
[09:27] {peterg} yah?
[09:27] {dino} you must stay in the game
[09:27] {cosmo} if i'm gonna stay a patient, i'll need to switch providers...
[09:28] {peterg} lol
[09:28] {dino} find your edge, manage the risk, be consistant, and....keep it simple
[09:28] {Threei} and don;'t be a hero
[09:29] {peterg} you are speaking to the founder of mouse investments, where we snatch a bite and run away to playh another day
[09:29] {dino} that, imo, is a goos way to be today
[09:30] {cosmo} that beats 'catch a falling knife and save it for a rainny day
[09:30] {Threei} WB sharp drop
[09:30] {dino} good
[09:30] {Threei} look at DELL jump
[09:31] {Threei} some bargian hunting starts
[09:31] {GeoArb} I am in.... call tech supp they made me change port number for new build
[09:31] {dino} big gap down
[09:32] {Threei} VIX VOLATILITY MOVES TO 49.38, SURPASSING THE LEVEL OF 49.35 HIT POST-9/11/2001
[09:32] {Threei} Long Setup: DELL .21 if stays above .10
[09:32] {Threei} 1:1 easy
[09:33] {Threei} 1:3 for a multisecond, lol
[09:33] {GeoArb} all out
[09:34] {Threei} easy money, to warm up fingers
[09:34] {GeoArb} i think i was too excited i got in just in time :)
[09:34] {Threei} lol
[09:34] {peterg} +.06 tks
[09:34] {peterg} in late
[09:35] {Threei} don't chase them for now peter
[09:35] {GeoArb} enttry peter?
[09:35] {peterg} roger
[09:35] {peterg} .27
[09:35] {Threei} when we are in rally mode, entry errors are generally easily forgiven
[09:35] {Threei} in this volatility it can be very costly
[09:39] {Threei} CITI MAY CONSIDER BID FOR ENTIRETY OF WACHOVIA OPERATIONS - CNBC
[09:39] {Threei} {C WFC}
[09:43] {Threei} KFN sharp selloff
[09:44] {dino} rating cut
[09:45] {peterg} C
[09:46] {Threei} (EU) ITALIAN PM BERLUSCONI: EU LEADERS WILL DO WHATEVER IS NEEDED TO MAINTAIN FINANCIAL STABILITY, MEASURES DISCUSSED INCLUDED CENTRAL BANK LIQUIDITY INJECTIONS AND MEASURES FOCUSED ON INDIVIDUAL BANKS
[09:46] {Threei} - The EU is ready to support markets via central bank liquidity injections.
[09:46] {Threei} - EU member countries will take actions that ensure citizens do not lose any savings
[09:46] {cosmo} OSIP tests at 40
[09:46] {cosmo} fwiw
[09:48] {Threei} Long Setup: DELL half lot as close to 15 as possible, with stop under 14.80
[09:50] {Threei} if goes over 15.10, trail to 14.90
[09:50] {Onix} missed first round, now in @ .21 DELL
[09:51] {Threei} .21?
[09:51] {Onix} i mean 15.01
[09:51] {Threei} oh, OK
[09:51] {Threei} scared the bejezus out of me :)
[09:51] {Onix} :)
[09:51] {magoo} 03 here
[09:51] {Threei} takes too long... let's trail to under .90
[09:51] {Threei} don't like the resistance here, let's control risk tighter
[09:52] {Onix} ok
[09:54] {magoo} no mkt help
[09:54] {Threei} no, more selling hits
[09:54] {peterg} mouse left flat dell
[09:54] {GeoArb} ??
[09:54] {peterg} even
[09:54] {peterg} money
[09:55] {Threei} DNDN lost its mind
[09:55] {Threei} I smell broken trades
[09:55] {Threei} no worky DELL
[09:55] {magoo} out
[09:55] {Onix} stopped DELL
[09:56] {peterg} c pullback
[09:56] {peterg} maybe
[09:56] {magoo} 300 down here
[09:56] {Threei} Dow?
[09:57] {Threei} 320
[09:58] {Threei} 6 ;oints till 10K
[09:58] {Threei} points
[09:59] {_xzap} AAPL is finding sup around 92
[09:59] {magoo} careful
[09:59] {dino} lows held so far dji
[09:59] {dino} opps, cx that
[10:01] {dino} fwiw, watching ddm, qld, t, fcx
[10:04] {patience} tsx -601
[10:04] {Threei} *DJIA TRADES BELOW 10,000 FOR THE FIRST TIME SINCE OCT 2004
[10:05] {Threei} RMBS
[10:05] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR THE SAMSUNG APPEAL IN PATENT FIGHT
[10:06] {Threei} TIVO
[10:06] {Threei} SUPREME COURT WILL NOT HEAR APPEAL IN DISH-ECHOSTAR CASE
[10:06] {dino} fslr sm v sm l .7.30
[10:07] {Threei} supreme court just doesn't want tyo hear anything these days, eh?
[10:07] {Threei} told ya:
[10:07] {Threei} BSX
[10:07] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR APPEAL AGAINST JNJ IN STENT CASE
[10:08] {dino} therefore, i am not listening to them
[10:16] {Threei} selling isn't done yet
[10:18] {Threei} getting ready to start trying RIMM
[10:19] {dino} whoosh coming
[10:19] {magoo} 407 down
[10:19] {Threei} yes
[10:22] {Threei} OK first try RIMM, .75
[10:22] {Threei} with sop under .50
[10:22] {GeoArb} vad whats the symbol ofr s&p index in laser?
[10:22] {Threei} small shares
[10:23] {Threei} "/sp8z"
[10:23] {Threei} without "
[10:23] {GeoArb} the index not the future
[10:23] {Threei} 1:1 RIMM
[10:23] {GeoArb} beauty
[10:24] {Onix} ty Vad, got .44 in RIMM
[10:24] {dino} t l .48, stop lod
[10:24] {Threei} wtg onix
[10:25] {GeoArb} nice onix
[10:25] {GeoArb} .35 here
[10:25] {Onix} ty
[10:25] {dino} gj onix
[10:25] {patience} time to go for a run, tsx now down -845
[10:26] {Threei} whoa
[10:27] {GeoArb} tried $INX $SPX nope
[10:28] {dino} t stopped -.18
[10:30] {dino} -9% sincewed close
[10:30] {dino} sm qld l .80
[10:31] {peterg} beginning to understand revenge trading; going to quit while ahead
[10:31] {peterg} its when you are determined the stock will give back to you
[10:31] {peterg} no matter if it kills you
[10:31] {dino} it sucks pete
[10:31] {peterg} right
[10:33] {Threei} pukage all over
[10:33] {Threei} UAUA, bounce scalp should be close
[10:34] {Threei} 6.71 forst try if stays above 6.60
[10:34] {Threei} first
[10:34] {Threei} be ready for a few attempts on any of the bounces
[10:34] {Threei} if not, stay away
[10:35] {Threei} view it as catching babies thrown out with bathwater
[10:35] {GeoArb} heh
[10:35] {Threei} some of them are slippery
[10:36] {peterg} ill say
[10:36] {Threei} UAUA 1:1, scalpers take profit, the rest half out and try to ride it to 7
[10:38] {Threei} IRAQI OIL MINISTER: OPEC MEMBERS ARE WORRIED ABOUT THE RECENT DECLINES IN CRUDE PRICES
[10:38] {Threei} they weren't worried about rises, were they
[10:38] {GeoArb} they were
[10:38] {GeoArb} as people would slow down
[10:38] {Threei} then I feel for them
[10:38] {Threei} worry on the way up, worry on the way down
[10:38] {Threei} guys just can't catch a break
[10:39] {GeoArb} they dont want it to be too expensive
[10:39] {GeoArb} just enuff so that we pay forever
[10:39] {GeoArb} al out
[10:39] {Threei} 1:2 UAUA
[10:40] {Threei} easy money
[10:40] {Threei} and here is my 7
[10:40] {Threei} full out
[10:40] {GeoArb} beauty vad
[10:41] {Threei} now, find anyone who finds you easy money on a day like today
06[10:41] * Threei has dislocated his shoulder trying to pat himself on the back
[10:42] {GeoArb} lol
[10:42] {GeoArb} comeon guys
[10:42] {GeoArb} give him sonething !!!
[10:42] {dino} relentless
[10:42] {GeoArb} wooooo
[10:43] {peterg} waaaaaaaaaaaaay to go!!!!!!!!!!!!!!!!
[10:43] {Threei} ah what's the use
[10:43] {GeoArb} wow 540 points already and its one hour
[10:43] {Threei} the only thing I regret is not buying some QID and holding for a few hours
[10:43] {peterg} (Greedily) Find more!!
[10:43] {peterg} I tried to buy, and laser offered me choices how to configure screen
[10:43] {Threei} watching DELL
[10:43] {magoo} 600 DOWN
[10:44] {esemde} Dow dn 550....WOW!!!!!
[10:44] {esemde} major selloff vad just like you said
[10:44] {Threei} around the globe
[10:44] {dino} at 500+ pts/day, by end of month we'll be at zero
[10:44] {Threei} exchanges getting halteds
[10:45] {esemde} and DOW under 10 000
[10:45] {Threei} Russia, Brasil
[10:45] {esemde} wow!!!!!
[10:45] {Threei} this is historic stuff in the making guys
[10:45] {GeoArb} strapping on the depends right now.......
[10:45] {peterg} Short selling banned forever worldwide
[10:46] {GeoArb} and swearing
[10:46] {Threei} (BR) BOVESPA HALTED FOR SECOND TIME TODAY, OFF 15% TO 37,814
[10:47] {Threei} VIX 56
[10:47] {Threei} I've never seen it before
[10:47] {Threei} missed DELL bounce
[10:47] {GeoArb} now thats news vad as youre old as dirt
[10:48] {Threei} so we are what, 3 for 4?
[10:48] {Threei} me happy so far
06[10:49] * Threei slaps Chaeron around a bit with a large trout
[10:49] {Chaeron} good morning to you too
[10:49] {Threei} we are making money hand over fist here, where are you wandering?
[10:50] {Chaeron} taking care of son
[10:50] {Chaeron} oh well... it's not over is it?
[10:50] {dino} ice sm l .85
[10:51] {Threei} it is chaeron... it is all over...
[10:51] {GeoArb} sheesh
[10:51] {GeoArb} vads in a good mood
[10:51] {Threei} hehe
[10:51] {Chaeron} naaaaa... we still have 9800 points to go :)
[10:51] {Threei} oh
[10:51] {Threei} true
[10:51] {Threei} just not today please
[10:51] {Threei} I can't handle that much excitement in one day
[10:52] {Threei} as geo duly noted, I am getting too old for this
[10:52] {GeoArb} hehehe
[10:52] {GeoArb} i didnt say too old
[10:52] {GeoArb} just old as dirt
[10:52] {dino} ice stopped
[10:52] {Chaeron} yeah... I bet he's no spring chicken either
[10:52] {dino} sheesh
[10:52] {GeoArb} hey i might be the youngest one here
[10:53] {GeoArb} "might"
[10:53] {Chaeron} that's not saying much
[10:53] {GeoArb} lolol
[10:53] {Threei} US PRES SPOKESPERSON NOTES THAT THE TREASURY WILL ACT WITH RESCUE PLAN QUICKLY
[10:53] {Threei} - could take 4 weeks to begin auctions
[10:54] {Threei} game plan:
[10:54] {Threei} we have seen already some solid bottoms followed by bounces:
[10:54] {Threei} look at RMBS, DELL, RIMM, UAUA
[10:54] {Threei} now,
[10:55] {Threei} I don't want to chase any of them here,
[10:55] {Threei} let's wait for pullbacks,
[10:55] {Threei} and let's see if there are no new lows.
[10:55] {Threei} If not, rally will be stron and long enough to find our plays
[10:55] {GeoArb} man am i glad i called tech supprt and got in today
[10:56] {GeoArb} would have missed the money vad was throwing around
[10:56] {Threei} so, patience is still the key word
[10:56] {Threei} even though she went for a run
[10:57] {Threei} [10:25] {patience} time to go for a run, tsx now down -845
[11:02] {Threei} TSX was down 1100 points earlier
[11:05] {dino} rally
[11:06] {Threei} ARCA is out streetwide, make sure you use ISLD
[11:07] {Threei} RIMM long .21
[11:07] {Threei} stop under 55
[11:08] {Threei} half out 1:1
[11:08] {GeoArb} man i took a sip of coffee and missed it :(
[11:09] {Threei} target 56 for the balance
[11:10] {Threei} cloe enough for ya?
[11:11] {peterg} thks vad; made moneyh
[11:11] {Threei} hard not to
[11:12] {Threei} money's being thrown up in the air
[11:12] {GeoArb} even i made money... 200 shares as chased alittle
[11:12] {Threei} raise your hand and pick'em up
[11:12] {Threei} REPORTEDLY CITIGROUP HAS NO BUY WACHOVIA ASSETS WITHOUT SOME KIND OF GOVERNMENT GUARANTEE - UNCONFIRMED REPORT
[11:12] {Threei} {C}
[11:13] {Threei} general market read at this point:
[11:13] {Threei} leg down is coming
[11:14] {Threei} not likely to make new lows, alothough I wouldn't bet a farm on it
[11:14] {Threei} Long Setup: QID small shares .50 break
[11:14] {Threei} stop under .30
[11:17] {Threei} no worky
[11:17] {dino} out qld .40, +.60
[11:18] {Threei} Long Setup: DELL .81 if stays above .70
[11:22] {Threei} Attention: DELL 1:1 half out for me, scalpers know what to do
[11:23] {GeoArb} way to go with the alerts vad
[11:23] {peterg} thks
[11:24] {Threei} what do we have, 5 for 7?
[11:24] {Threei} who is running the tally
[11:24] {GeoArb} y
[11:25] {Threei} stop for DELL balance is under .80 of course
[11:25] {GeoArb} Pall out
[11:25] {Threei} DELL 1:2 is coming
[11:26] {GeoArb} .18 thanks vad
[11:26] {Threei} welcome sir
[11:26] {Threei} Long Setup: UAUA 7.01 if stays above 6.90
[11:26] {Threei} 1:1 is here on DELL
[11:27] {Chaeron} in DELL 14.82 out at 15.00 +.18... thanks Vad
[11:28] {Threei} welcome :)
[11:28] {Threei} isn't it funny that the only atttempt of short did not work today
[11:29] {GeoArb} we are patriotic
[11:29] {Threei} well, admittedly I was too hesitant in the early morning
[11:30] {Threei} but heck, we are nicely in the money while whole world is hurting like hell
[11:31] {Threei} REP FRANK: PLANS TO ASK THE FED TO REGULATE THE ACTIVITIES OF HEDGE FUNDS
[11:31] {Threei} what the...
[11:32] {peterg} lot of resistance at 7 uaua
[11:32] {Threei} yup
[11:32] {Threei} no aggressive entries
[11:32] {Threei} doesn't retreat much with NQ
[11:32] {GeoArb} waat?
[11:34] {Threei} not interested in DELL on this pullback for now
[11:35] {_xzap} MNST
[11:36] {Threei} market fairly unclear here, easy trades are done for now
[11:36] {Threei} let's wait it out a little,
[11:36] {Threei} see what's next in the store
[11:37] {Threei} MNST looks tempting... just k,ind of hard to bring oneself to buy breakouts today
[11:37] {dino} jst sm l .82 wide
[11:38] {Threei} UAUA invalidated for now
[11:41] {Threei} getting tempted to short NVDA on .80 breakdown
[11:42] {Threei} .91 stop
[11:42] {Threei} just a scalp
[11:42] {Threei} DNDN is crazy
[11:43] {esemde} Does anyone have a good idea re the percent of a float thats short will cntribute to a major short squeeze
[11:43] {esemde} for any stock......5% 9% 10% ???
[11:43] {Threei} you mean where to find it?
[11:43] {Threei} oh... nah, there is no guideline
[11:43] {esemde} no.......just % of float short
[11:44] {esemde} NVDA is 9.84% short one of the biggest ones....if it ever turns around it will be big
[11:45] {esemde} how do you keep kicking the crap out of a company that basically has no debt.....and billions in cash hanging around for R&D
[11:45] {Threei} doesn't matter ese... it just goes with market at this point
[11:46] {esemde} true
[11:46] {esemde} or should i say indeed
[11:46] {Threei} indeed you should
[11:47] {dino} fed started paying interest on reserves it holds from others today. the printing presses are wide open
[11:47] {Threei} let's trail NVDA stop to .86
[11:47] {Threei} want to keep risk tighter than usual today
[11:49] {Threei} 1:1 is coming
[11:49] {Threei} make up your mind, scalp or partial
[11:49] {Threei} here is 1:1 NVDA
[11:50] {Threei} if taking half, trail stop to .81
[11:50] {Threei} for the balance that is
[11:50] {Threei} and we are 8 for 10
[11:50] {Threei} or 7 for 9?
[11:51] {Chaeron} whatever... let's go for 18:20
[11:51] {Threei} who is running the books??
[11:53] {Threei} PRESIDENT BUSH: IT WILL TAKE SOME TIME TO FREE UP CREDIT UNDER THE FINANCIAL RESCUE PLAN, THE PLAN WAS A BIG STEP FOR ADDRESSING THE PROBLEM
[11:54] {Threei} really?
[11:54] {GeoArb} made some stupid maistakes but all was forgiven with vad's odds
[11:54] {Threei} weren't we told that was urgent measure, do it NOW to stop the bleeding?
[11:54] {GeoArb} on another note I have become a hotkey stud
[11:54] {GeoArb} any newer newbie needs advice page me
[11:54] {_xzap} Vad } In today's mkt, how many shares are you buying ?
[11:55] {dino} yes 3i, and we were also told it was the evil shorts
[11:55] {esemde} geo baby!!!!!hot key stud
[11:55] {GeoArb} hehehe
[11:55] {GeoArb} key is superflous
[11:55] {peterg} keep talking geo, im listening, or dcc?
[11:55] {Threei} xzap, I usually posat "half lot" or small shares"... if there is no comment it's usual lot
[11:56] {GeoArb} nah dcc as dont want to clutter too much
[11:56] {_xzap} ok, thx
[11:56] {Threei} what lot constitutes for each trader depends on one's risk tolerance and account size
[11:56] {Threei} my usual is 1000
[11:56] {_xzap} Thanks Vad
[11:56] {Threei} sure
[11:57] {Threei} now Mr Evans makes me think,,, give me his salary and bonuses, I can do better:
[11:57] {Threei} FED'S EVANS: FED MUST ALWAYS REEVALUATE POLICY WITH TWIN MANDATES, SEEING RISKS OF PERSISTENT HIGH INFLATION
[11:57] {Threei} - Notes that the repricing of debt will affect a large range of financial institutions, slack in economy stronger than expected
[11:57] {Threei} - Remarks that continued weakness in housing is large 'drag' upon economy
[11:57] {Threei} - US Economy will be slow to 2009, very uncertain when recovery will come
[11:57] {Threei} slack in economy stronger than expected?
[11:57] {Threei} by whome?
[11:58] {Threei} sigh
[11:58] {Threei} useless talking heads
[11:58] {Threei} anyone is still holding NVDA short or I can stop watching it?
[11:59] {_xzap} MNST trying to break the .70
[11:59] {Threei} it's 10 cents from there xzap
[11:59] {Threei} you sure your quotes are right?
[12:00] {_xzap} yes, I was late on the k'board
[12:00] {Threei} .59 . .61 right now
[12:00] {Threei} ah OK
[12:01] {Threei} TREASURY'S RYAN: LIQUIDITY PROBLEMS ARE AT THE HEART OF THE CURRENT CRISIS, CONFIDENT THE US WILL EMERGE FROM THE CRISIS WITH STRONGER MARKETS
[12:01] {Threei} {XLF}
[12:01] {_xzap} ABFS
[12:01] {Threei} of course it will if you all get out of the way and stop trying to fix unfixable
[12:06] {dino} indeed
[12:09] {Threei} WB HALTED, NEWS PENDING
[12:11] {_xzap} NVDA setting up for long ?
[12:11] {Threei} I'd stay away for now
[12:12] {Threei} no clean setup, and it looks more like random movements at this point
[12:12] {_xzap} k
[12:12] {Threei} you saw all our trades up to this moment
[12:12] {_xzap} yep
[12:12] {Threei} only cleanest of setups,
[12:12] {Threei} lowest risk possible
[12:13] {Threei} not gicving any slack today
[12:13] {_xzap} yes, I see that.. this is a tough mkt
[12:14] {Threei} not necessary tough if you stay very disciplined and patient,
[12:14] {Threei} but it's unforgiving,
[12:14] {Threei} and with emotions running that hihg, price of mistake can be high
[12:14] {_xzap} I'm thinking maybe we need this selloff to shake things out and start to build a base
[12:14] {Threei} I agre
[12:14] {Threei} or agree
[12:14] {Threei} or both
[12:15] {Threei} as I said in the morning,
[12:15] {Threei} I believe we are in the process of form the bottom for a big rally
[12:15] {Threei} and this selloff is part of this process
[12:16] {Threei} and when I say big rally, I don't mean intraday one
[12:16] {Threei} I mean real one
[12:16] {Threei} full blow bull market
[12:16] {Threei} blown
[12:16] {Threei} just stay patient and keep powder dry
[12:17] {_xzap} can you believe DRYS @ 24
[12:17] {Threei} there will be plenty of fish to shoot when it comes
[12:17] {Threei} oh there are a lot of prices hard to believe
[12:17] {Threei} many of them are babies thrown out with bathwater
[12:18] {_xzap} here comes The Decider
[12:18] {Threei} uh oh
[12:18] {Threei} Bush on TV
[12:18] {hawkfan4} gird your loins
[12:19] {Threei} lol
[12:19] {GeoArb} cant
[12:19] {GeoArb} the depends keep getting in the way
[12:20] {Threei} REPORTEDLY WELLS FARGO STILL WANTS TO ACQUIRE ALL OF WACHOVIA'S OPERATIONS
[12:20] {hawkfan4} lol
[12:20] {GeoArb} ok guys off to work good day 3i
[12:21] {GeoArb} bye
[12:21] {Threei} take care geo
[12:22] {dino} later geo
[12:23] {Threei} PERSING'S ACKMAN: NOTES HE IS AMONG AIG'S TOP 12 INVESTORS
[12:23] {Threei} how is it of any significance?
[12:24] {dino} and is he smart, buying now, or dumb buying 40 pts ago
[12:24] {Threei} lol
[12:27] {Threei} market flatlined
[12:29] {Threei} PERSHING'S ACKMAN: MADE A SMALL INVESTMENT IN AIG RECENTLY, NOW AMONG AIG'S TOP 12 HOLDERS - CONF COMMENTS
[12:29] {Threei} - AIG has very attractive assets.
[12:29] {Threei} - On a pro forma basis, Wachovia is worth $7.29-19.59 a share.{WB}
[12:29] {Threei} huh?
[12:29] {Threei} lol
[12:30] {Threei} oil under 90 again
[12:31] {Threei} "this sucker is going down"
[12:34] {dino} so when oil drops does govt complain about speculators
[12:34] {dino} :)
[12:35] {_xzap} short ABFS ?
[12:37] {Threei} with stop above .65, maybe
[12:38] {_xzap} possibly
[12:38] {Threei} into this bounce
[12:38] {Threei} on a first sign of weakness
[12:39] {Threei} market is downticking
[12:39] {Threei} and keep it small, stock is volatile
[12:39] {Threei} oh boy
[12:40] {Threei} Lehman CEO says:
[12:40] {Threei} nobody including me expected the problem with mmortgages
[12:40] {Threei} huh??
[12:40] {_xzap} Somebody will go to prison over this mess
[12:41] {Threei} I hope
[12:42] {magoo} vad, rimm is cominhg up error code on short attempt now
[12:42] {dino} a bunch of them should. no different than enron, wcom etc
[12:42] {dino} tyco
[12:42] {Chaeron} and govt officials? :)
[12:42] {magoo} not avail??
[12:42] {dino} lied about nont needing funds, etc, then wiped you out
[12:42] {Threei} wow
[12:43] {Threei} did they add RIMM to the ban list?
[12:43] {dino} barney frank should go to jail, fre, fnm will do anything i tell them
[12:43] {Chaeron} #&$#@
[12:43] {magoo} dunno..but can sh aapl..dso not my system
[12:43] {Threei} TREASURY'S RYAN: GOVT IS EXAMINING ISSUES SURROUNDING LOANS AND MORTGAGES, LOOKING AT A VARIETY OF APPROACHES TO MAKING TARP WORK
[12:43] {Threei} - Wants to get TARP up and running as soon as possible.
[12:43] {esemde} see ya tomorow.....
[12:44] {Threei} let me get this straight... they railroaded TARP through the house, now they are looking into ways to make it work?
[12:44] {Threei} take care ese
[12:44] {Chaeron} bye ese
[12:44] {dino} cya es
[12:45] {_xzap} watching ABFS to break below .40
[12:46] {Threei} VVUS
[12:46] {Threei} ANNOUNCES THE WEIGHT LOSS EFFECTS OF QNEXA IN TYPE 2 DIABETES
[12:48] {Threei} LEH CEO is getting drilled on salary, bnuses and stock sales
[12:49] {Threei} guy took hope 480 mil since 2007
[12:49] {Threei} home
[12:49] {_xzap} he looks like he needs water bad Vad
[12:49] {_xzap} or oxygen
[12:49] {Threei} I'd say what he needs in my opinion
[12:50] {Threei} but this is family oriented room
[12:50] {_xzap} lol
[12:52] {Threei} guys defense:
[12:52] {Threei} numbers are no accurate, it's rather like over 300 mil
[12:54] {Threei} oh boy... are you guys watching this?
[12:55] {dino} un be liev able
[12:55] {_xzap} he seems to be somewhat sedated
[12:55] {dino} better watch for snipers
[12:55] {Threei} I feel like I am in the land that lies beyond the looking glass
[12:56] {_xzap} MNST rolling over
[12:56] {Threei} yeah, this is not a market for buying breakouts
[13:00] {_xzap} short EXPD ?
[13:01] {Threei} near 31, yeah
[13:01] {Threei} stop is above 31.10 - .15
[13:03] {Threei} REPORTEDLY TREASURY SEC PAULSON IS TALKING WITH FED CHAIRMAN BERNANKE AND FED'S GEITHNER TODAY, "WORKING THE PHONE" TO SPEAK WITH MARKET PARTICIPANTS - UNCONFIRMED REPORT
[13:03] {Threei} just what do they talk about with "market participants"
[13:03] {patience} how much more do you need?
[13:04] {dptl} lol
[13:04] {Threei} why don't they call me then... I have exact number is mind
[13:04] {patience} don't make it millions then, they won't help, you have to ask for billions
[13:04] {Threei} yup
[13:06] {_xzap} this is crazy. Normal technical trading techniques are out the window
[13:08] {dino} cmt channel interesting today
[13:10] {dino} xzap, yes, for about a month
[13:11] {Threei} FED'S FISHER: NOW IS NOT THE TIME TO PANIC WITH REGARDS TO FINANCIAL MARKETS
[13:11] {Threei} I think we can rely on Fisher to tell us when it's time to panic?
[13:11] {Chaeron} he's right... we should have panicked months ago
[13:12] {dino} well, translated he means you should have panic sold at end of aug.
[13:12] {GeoArb} :)
[13:12] {dino} lol chaer
[13:12] {GeoArb} well i did move my 401k to treasures a few months ago
[13:12] {GeoArb} dunno if it was smart
[13:12] {GeoArb} more kneejerk
[13:13] {_xzap} Dino } My charts look like a bad EKG
[13:13] {dino} lol
[13:13] {Threei} means they work well
[13:13] {Threei} 'cause that's exaclty what we have in the markets these days
[13:14] {_xzap} I can usual trade on an EMA cross but that won't work now
[13:14] {Threei} if you see good EKG, your charts are off
[13:14] {GeoArb} i wonder if short ban expiration will affect market
[13:14] {Threei} yes
[13:14] {_xzap} my trend lines look like a 5 year old with a crayon
[13:16] {_xzap} ZION setting up for short ?
[13:16] {Threei} I don't think you can short it
[13:16] {Threei} financial
[13:16] {_xzap} true, I forgot
[13:20] {Threei} amazing, all activity has died
[13:21] {patience} options are moving
[13:21] {Threei} which way?
[13:21] {patience} i'm scalping POT april 100 calls, they have been moving up
[13:21] {patience} could reverse easily
[13:21] {GeoArb} what platform for options patience
[13:22] {GeoArb} ?
[13:22] {patience} i just used my general trading account through td
[13:22] {GeoArb} ok
[13:22] {GeoArb} TY
[13:22] {Threei} doesn't Laser offer options geo?
[13:22] {GeoArb} i think it does
[13:22] {_xzap} DRYS possible short set up
[13:22] {GeoArb} i dont think i have quotes
[13:23] {Threei} I remember something a while ago about implemenmting them
[13:23] {Threei} oh, you need to apply for it separately
[13:23] {Threei} not on by default
[13:23] {Threei} PERU STOCK EXCHANGE HALTED TEMPORARILY AFTER DECLINING 7.5%
[13:25] {Threei} CSIQ
[13:25] {Threei} SIGNS 2009 SALES CONTRACT
[13:25] {Threei} wow
[13:25] {Threei} some spike
[13:26] {Threei} SIGNS 2009 SALES CONTRACT FOR 28MW, OPTIONS FOR ANOTHER 20MW, PRICES FIXED FOR NEXT MONTHS
[13:26] {GeoArb} just got off the phone with dave.... he alled back
[13:27] {GeoArb} heisnt trading today.... got stuff to care
[13:27] {Threei} gosh... CSIQ is so cheap
[13:28] {_xzap} look how fast the vol fell off on CSIQ
[13:28] {GeoArb} hmmm thats what my wife says about me
[13:28] {Threei} yeah, just some dummies pushing market order buttons into thin stock
[13:29] {magoo} vad is RIMM avail short for u?try it way ouit there
[13:29] {Threei} no mags, I tried when you asked first trime
[13:29] {magoo} ok ty
[13:29] {Threei} same error code as for list of short ban
[13:29] {dino} lol
[13:29] {Threei} I guess they applied to SEC to be included
[13:30] {GeoArb} i got a mesage
[13:30] {GeoArb} no error code
[13:30] {GeoArb} "cannot short per sec"
[13:30] {Threei} same thing
[13:30] {GeoArb} they have a newer new version
[13:30] {GeoArb} 5.3.332
[13:30] {Threei} yeah
[13:31] {Threei} any changes but this?
[13:31] {GeoArb} maybe decided to have friendly error messages unlike MSFT
[13:31] {GeoArb} some ISLD routing fixes
[13:31] {Threei} what are those corrections in server?
[13:31] {GeoArb} sorry
[13:31] {GeoArb} ARCA
[13:31] {GeoArb} 1. Fix ARCA routing strategy once PO+ selected.
[13:31] {GeoArb} 2. Use updated SymbolInfo.txt (4/24/2008)
[13:31] {GeoArb} 3. Add ten lines for internet quote servers.
[13:32] {Threei} no, I mean to log in
[13:32] {Threei} what do you need to change?
[13:32] {GeoArb} dave said when i installed new version it reset my port to default
[13:32] {GeoArb} as i need to user bear port they gave it to me and then it worked
[13:33] {magoo} i haven't downloaded it yet..u vad?
[13:33] {_xzap} still watching DRYS for short
[13:33] {Threei} no
[13:33] {Threei} don't want to get stuck
[13:33] {GeoArb} they want us to use 15905 as port
[13:33] {Threei} and geo won't share
[13:33] {GeoArb} i just did
[13:33] {Threei} oh he did
[13:34] {Threei} lol
[13:34] {GeoArb} i was checking
[13:34] {Threei} it's executor server only, right?
[13:34] {Threei} the rest stays as it is
[13:35] {GeoArb} yes
[13:35] {GeoArb} ill email ya a snapshot
[13:35] {Threei} OK... no trades anyway rifght now, I can try mags
[13:35] {Threei} will tell you if it goes smoothly
[13:35] {magoo} ok
[13:35] {magoo} ill wait
[13:35] {magoo} im computer illitterate
[13:36] {GeoArb} sent vad
[13:37] {Threei} installing
[13:38] {magoo} looking for my dow 9000 hat
[13:38] {GeoArb} really magoo?
[13:38] {magoo} yeah..been so long cant find it
[13:39] {Threei} opened with no problem mags
[13:39] {magoo} did u have to dock in port 188905?
[13:39] {Threei} just click Server setup before trying tolog in
[13:39] {magoo} or wshatever?
[13:39] {Threei} and change executor server to 15905
[13:40] {_xzap} Woo ! +1 point on DRYS short
[13:41] {Chaeron} nice one xzap
[13:41] {Threei} wtg
[13:42] {Chaeron} (don't know why I have a desire to nickname you "Zap Brannigan" hmmm doubt anyone here would get reference
[13:42] {_xzap} lol
[13:43] {_xzap} man, a stock makes a little run in one direction and turns right around and runs in the other direction
[13:45] {Threei} break of 24 begs to be shorted again
[13:46] {_xzap} I'm afraid to go back in
[13:47] {GeoArb} you in vad
[13:48] {Threei} not here
[13:48] {Threei} missed original entry as typed
[13:48] {GeoArb} yeah me too
[13:48] {Threei} not want to see support giving in
[13:48] {Threei} not = now
[13:49] {Threei} .79 would be breakdown
[13:49] {Threei} small shares, stop around 24.10
[13:54] {Threei} why is WB happy again?
[13:54] {Threei} I see no new news
[13:55] {Threei} TICKS HIGHER AS PERSHING'S ACKMAN APPEARS ON CNBC, REITERATES HE SEES WB SHARES WORTH AROUND $8/SHR AT A MINIMUM
[13:55] {Threei} sigh
[13:55] {Threei} come on people
[13:56] {Threei} guy takes large stake, goes on TV and says it costs more
[13:56] {Threei} and they jump to buy?
[13:56] {dino} fcx sm wide l .20
[13:57] {Threei} Nato commanders to draw up plans to defend ex-Soviet bloc members from Russia
[13:57] {GeoArb} so is anyone going to jail?
[13:57] {GeoArb} One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.
[13:59] {Threei} so bonuses were granted?
[13:59] {GeoArb} Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.
[13:59] {GeoArb} i thought bankruptcy had bonus clawback provisions no?
[14:04] {Threei} what if they already spend it?
[14:04] {Threei} transfered out of country
[14:04] {Threei} numbered offshore accounts
[14:04] {GeoArb} whatever happenned to the risk part of reward?
[14:04] {Threei} that's for us
[14:04] {Threei} for them it's pure reward
[14:04] {Threei} you heard Leh Ceo
[14:05] {dino} stopped fcx
[14:05] {GeoArb} i have come to the conclusion that capitalism something sold to the masses...
[14:05] {GeoArb} its chummy socialism on top
[14:05] {Threei} "company did well, we did well..y didn't do well, neiether did we"
[14:05] {Threei} congressman: huh?
[14:05] {Threei} seems you did well no matter what
[14:06] {GeoArb} well his wife IS selling all their art
[14:06] {Threei} I am crying
[14:06] {GeoArb} hehehe
[14:07] {GeoArb} "i cannot recall" answers flying
[14:09] {Threei} chart looks like another breakdown is coming
[14:09] {_xzap} watching to short CSIQ
[14:10] {Threei} break of 13
[14:10] {Threei} just keep size reasonable, very thin one
[14:10] {GeoArb} ahh the ones given 20 mill were actually fired
[14:11] {_xzap} I'd like to see 12.50 on CSIQ
[14:11] {_xzap} 12.59 I mean
[14:12] {Threei} oh, that's why bounuses were so small geo?
[14:12] {GeoArb} yup
[14:12] {Threei} got it
[14:12] {_xzap} why did they name a company located in China Canadian Solar
[14:13] {Threei} it's a canadian company
[14:13] {_xzap} that makes sense
[14:13] {Threei} production is in China but whose isn't
[14:13] {_xzap} doesn't China own most of the US now
[14:14] {_xzap} PLCM breaking down
[14:14] {GeoArb} i tuened it off... got sickened
[14:18] {_xzap} MNST trying to break down
[14:21] {dptl} what a crazy day
[14:21] {Threei} ugh
[14:21] {GeoArb} you wanna bet today is the day the keating ads will com out?
[14:21] {Threei} looked at DELL to short
[14:21] {Threei} and disdn't find guts
[14:22] {_xzap} Vad, it would be cool if you had a sound alert on here when you made an entry
[14:22] {GeoArb} csiq broke
[14:22] {Threei} you can set it in your mirc on my name
[14:22] {_xzap} oh, thanks
[14:22] {dptl} where is tsx now anybody??
[14:22] {GeoArb} files options irc highlight
[14:22] {Threei} HEARING REPORTEDLY SET FOR 2PM TOMMOROW ON CITIGROUP AND WFC DISPUTE OVER WB ACQUISITION
[14:22] {Threei} - Note Bair remarked that she expected a solution with regards to the disupute today{C WB}
[14:23] {dptl} pations......tsx?
[14:23] {dptl} pationce sorry
[14:23] {Threei} try again
[14:23] {dptl} damn...patience
[14:23] {Threei} third time should it
[14:23] {Threei} there :)
[14:24] {dptl} lol
[14:25] {_xzap} I'm right clicking your name Vad but son't see an audio alert option
[14:26] {GeoArb} {GeoArb} files options irc highlight
[14:26] {Threei} geo tells you how to do it xzap
[14:26] {dptl} -951 tsx
[14:27] {GeoArb} put threei and enable sound
[14:27] {GeoArb} wow
[14:27] {magoo} cant short goog now vad
[14:27] {GeoArb} really?
[14:28] {GeoArb} heheheh maybe the new version screwed it up
[14:28] {_xzap} thx Geo, I think I got it
[14:30] {dptl} almost -1000 tsx
[14:30] {_xzap} PLCM below S1 now
[14:30] {GeoArb} S1?
[14:30] {_xzap} Support 1
[14:32] {GeoArb} GOOG isnt on the shortlist as of 9:16
[14:32] {GeoArb} http://www.gndt.com/support/shortlist.htm
[14:33] {GeoArb} maybe they just ran out of locates
[14:33] {GeoArb} fellow swingers used em up
[14:33] {GeoArb} ok that didnt come out right
[14:33] {Threei} lol
[14:33] {patience} i was wondering
[14:34] {GeoArb} beacuse i think the way it works is brokerages have short inventory beofre open.... and it just might have been used up
[14:35] {patience} tsx down -925 oh my my
[14:35] {dptl} crazy
[14:35] {GeoArb} dino dcc pls
[14:35] {Threei} interesting thing is, it still doesn't feel like capitulation
[14:36] {patience} well mom just phoned, she is cashing in more investments.....can't be that far away
[14:37] {Threei} oil 89?
[14:38] {dptl} 88.27
[14:38] {GeoArb} its 88
[14:39] {GeoArb} sorry dptl
[14:39] {dptl} goes fast:)
[14:40] {Threei} good
[14:40] {patience} qid, sds, skf and especially fxp have done well
[14:40] {Threei} (well, I had to find something good in what happens in markets today, no?)
[14:40] {patience} not that i traded them
[14:40] {GeoArb} i thought therer was one nyse high
[14:41] {dptl} really happy about oil.....might even go and wash my car :)
[14:41] {_xzap} PLCM near day's low
[14:42] {GeoArb} finally take it for a spin?
[14:42] {dptl} lol
[14:44] {Threei} anyone bets on Dow closing green?
[14:44] {GeoArb} which side you on vaD?
06[14:44] * Threei crawls under the nearest rock
[14:44] {Threei} I am against
[14:44] {Threei} just thought maybe someone had some beer to lose on a bet
02[14:45] * Disconnected
02[15:16] * Attempting to rejoin channel #discussions
[15:17] {dptl} whoooho tsx-1000
[15:17] {dino} -800
[15:17] {dino} dji
[15:17] {GeoArb} i made money today
[15:17] {GeoArb} but am not happy for some reason
[15:17] {GeoArb} atleast i was long hehehe
[15:17] {_xzap} my T&S looks like it's in slow motion
[15:17] {patience} vad just phoned me
[15:17] {patience} all of his internet has died
[15:17] {patience} ok, is anybody still here?
[15:17] {_xzap} yep
[15:17] {dptl} yep
[15:17] {dino} y
[15:17] {dino} tell vad he has to pay the bill
[15:17] {_xzap} JRCC setting up for a long
[15:17] {_xzap} will the dow close down -1000
[15:17] {peterg} hr to go;
[15:17] {GeoArb} hey peterg
[15:17] {GeoArb} dcc
[15:17] {patience} interesting link on circuit breakers http://www.nyse.com/press/circuit_breakers.html
[15:17] {dptl} vrsn???
[15:17] {_xzap} I don't see any news on VRSN
[15:17] {peterg} geo dcc'd
[15:17] {_xzap} This was my 1st day here, just wnated to thank ya'll for letting me hang out
[15:17] {patience} interesting times xzp
[15:17] {dino} yeah, not one of my better days
[15:17] {_greens} c
[15:17] {_xzap} I have a system that works pretty well but not right now
[15:17] {dino} in any case, i won't be in rest of week, golf vaca
[15:17] {patience} what is volume like today?
[15:17] {patience} no laptop on the golf course dino?
[15:17] {_xzap} i can't find vol in anything
[15:17] {_xzap} dptl } Still watching VRSN ?
[15:17] {dptl} above averege on qqqq...patience
[15:17] {dino} no patience, i have refused to bring work on vacations. like to clear my head
[15:17] {dptl} amm..no vrsn...was playing rmbs
[15:17] {_xzap} VRSN is acting weird
[15:18] {Threei} am I back?
[15:18] {_xzap} yep
[15:18] {Threei} wow
[15:18] {patience} nice last hour recovery in progress
[15:18] {dptl} hey Vad
[15:18] {dino} yes abot 300 pts
[15:19] {Threei} sh*t
[15:19] {Threei} missed everything
[15:19] {Threei} good 50 cents on DELL
[15:19] {GeoArb} you missed?
[15:19] {GeoArb} no no
[15:19] {GeoArb} we missed vad
[15:20] {Chaeron} going for green..........
[15:20] {_xzap} no news on VRSN, up almost 2 points
[15:21] {Threei} can't believe it... reversal I was for whole day, and darn internet goes doqwn
[15:21] {Threei} was waiting for
[15:21] {GeoArb} tch tch
[15:21] {GeoArb} i trade on 30 buck dsl
[15:22] {GeoArb} and wireless on 30 buck cable
[15:22] {GeoArb} leanred that when i used to trade futures with stops local
[15:22] {_xzap} all my gap downs from this am have turned around
[15:23] {GeoArb} vad doesnt even have the connectivity for a trout lol
[15:23] {Threei} lol
[15:23] {Threei} all green lights on modem and router, no connection
[15:23] {Threei} something got cut off at ISP
[15:24] {Threei} well, we did great today anyway
[15:24] {Threei} just a shame that this reversal slipped through fingers
[15:24] {GeoArb} you need a hotbrick vad
[15:24] {Threei} frikin 50 points NQ
[15:24] {Threei} I know, a lot of investors would say "cry me a river"
[15:24] {Threei} but still
[15:24] {GeoArb} takes cable and dsl at back and flips if one fails
[15:25] {_xzap} Look at SPWRA
[15:25] {Threei} everything I was hunting for:
[15:25] {Threei} DELL 50 cents
[15:25] {Threei} RIMM 4 bucks
[15:26] {Threei} NVDA 40 cents
[15:26] {GeoArb} ehehehe
[15:26] {GeoArb} vad sounds anguished
06[15:26] * Threei slaps GeoArb around a bit with a large trout
[15:26] {Threei} you asked for it :)
[15:26] {GeoArb} we killed anyway vad
[15:26] {dino} out fslr 150.30, +3.00 all day sheesh
[15:26] {GeoArb} coe dino deserves one
[15:26] {Threei} yeah, no reason to complain, except one:
[15:26] {GeoArb} look at his timing
[15:26] {Chaeron} nice dino
[15:26] {_xzap} AAPL running
[15:26] {Threei} when this rally develops, I am not going to stay with scalps
[15:27] {GeoArb} true true
[15:27] {Threei} this is going to be a reversal for big moneyu
[15:27] {Chaeron} did we see the MOABs today?
[15:27] {dino} ty chaer
[15:27] {GeoArb} yeah i even made dave increase my share per ticket
[15:27] {Threei} and I didn't intend to miss first leg of it to say honestly :)
[15:27] {Threei} beautiful trade dino
[15:28] {Threei} I am not sure yet chaeron
[15:28] {Threei} by the charts configuration, very possibly,
[15:28] {Threei} but today's selling didn't have this feel of ultimate climax
[15:28] {Threei} organized liquidation rather than sheer panic
[15:29] {dino} lucky vad, but thx
[15:29] {Threei} yeah yeah, we know :)
[15:29] {GeoArb} dino i have a quote for you
[15:29] {dino} ?
[15:29] {dino} better lucky than good
[15:29] {patience} i've put some stink bids in, figure the public hasn't participated rush to safety
[15:29] {GeoArb} seneca the yonger: lunck happens when preparation meets oppurtunity
[15:29] {GeoArb} http://en.wikipedia.org/wiki/Seneca_the_Younger
[15:30] {dptl} rmbs..baby...+.06 +.13
[15:30] {dino} ah yes, i've heard that
[15:30] {GeoArb} :)
[15:30] {dino} i kind of think we create a bit of our own luck
[15:31] {Threei} in trading we certainly do
[15:31] {GeoArb} in ancient sanskrit.....
[15:31] {GeoArb} the deer doent walk into the sleeping lions mouth on its own
[15:31] {GeoArb} ok looks like i made too much money
[15:32] {Threei} Russia is down 21%??
[15:32] {Threei} mama
[15:32] {dino} ouch
[15:32] {dptl} oh maan
[15:33] {dptl} they were open??
[15:33] {Threei} they halted twice
[15:33] {GeoArb} oil +1.67
[15:33] {dptl} hoping i guess
[15:33] {Threei} GE
[15:33] {Threei} pullback is interesting here for bounce
[15:35] {Threei} closer to 21 hopefully
[15:35] {Threei} and with market resumption to the upside
[15:36] {Threei} watch from here
[15:37] {Threei} in .92
[15:37] {Threei} stop .85
[15:38] {Threei} can take a few tries as all these pullbacks
[15:40] {Threei} out
[15:41] {_xzap} I get stopped out on the bid, not the last. Does this happen to anyone else ?
[15:41] {GeoArb} what platform?
[15:41] {_xzap} Scott Trade elite
[15:41] {Threei} sheesh
[15:42] {Threei} jumped right back up
[15:42] {GeoArb} :(
[15:42] {dptl} to close to eod...to crazy
[15:42] {GeoArb} one internet crash and vad lost mojo
[15:42] {GeoArb} lol
[15:42] {Threei} lol
[15:42] {Threei} come on... sacrifice 7 cents for common good
[15:43] {Threei} these pullbacks are always: dop not play if not ready for a few attempts
[15:43] {Chaeron} we in again?
[15:43] {Chaeron} *sigh*
[15:43] {GeoArb} look at this
[15:43] {GeoArb} sheesh
[15:43] {dino} out jst .47 ave +.65
[15:43] {Chaeron} out at .85 - -.07
[15:43] {dptl} staying away...protecting profits:)
[15:44] {GeoArb} smart dptl
[15:44] {Threei} happens too quickly to comment real time chaeron
[15:44] {_xzap} DRYS
[15:44] {Threei} overtightened stop a bit I guess on GE
[15:45] {GeoArb} peter am done trading.... so you can dcc me about hotkeys
[15:45] {dino} clf bounce range
[15:45] {Onix} stopped GE @.84 = -.12 and look at it now!
[15:45] {GeoArb} thats why i am done :)
[15:46] {GeoArb} got stopped out... want to take rest home
[15:46] {Chaeron} Onix - give it time... it could have just as easily gone to 20.20
[15:46] {Onix} so true
[15:47] {Chaeron} I have to go ... bye everyone... we'll have fun tomorrow too
[15:47] {_xzap} Thanks for having me today Vad :)
[15:47] {Threei} take care chaeron
[15:47] {GeoArb} bye caeron
[15:47] {_xzap} see ya chaeron
[15:47] {Threei} glad to be a host xzap
[15:48] {_xzap} I'll be here rest of this week
[15:48] {peterg} thanks geo
[15:50] {dptl} what a day.....:)
[15:50] {Threei} no kidding
[15:50] {magoo} crazy
[15:51] {dptl} i am gonna mark it on my calendar:)
[15:52] {Threei} last scalp, DELL long
[15:53] {Threei} .80
[15:53] {dino} thx all, see you next monday. good luck and stay alive
[15:53] {Threei} take care dino
[15:53] {peterg} have great trip dino
[15:53] {hawkfan4} cya dino
[15:53] {dptl} have fun
[15:53] {magoo} in dell
[15:54] {GeoArb} half out 1:1
[15:54] {Threei} out .92
[15:54] {Threei} too close to eod
[15:55] {magoo} out .95 FL TY bossasauras
[15:55] {Threei} lol, welcome
[15:55] {Threei} had to get back those 7 cents on GE
[15:55] {GeoArb} great ending 31
[15:55] {GeoArb} i understand
[15:55] {dptl} :)...amazing...nice trade didn't have gats for that:)
[15:55] {magoo} btw..u still stuck with me ALL WEEK lol
[15:55] {GeoArb} lol
[15:55] {Threei} lol
[15:55] {Threei} remember old saying?
[15:55] {Threei} amateurs open market, pros close it
[15:55] {GeoArb} i didnt revenge trade GE
[15:55] {Threei} well, look at the close
[15:56] {Threei} DJI is down lousy 330 points
[15:56] {magoo} big gap tomorrow unfortunately
[15:56] {Threei} which is nothing in terms of recent volatility
[15:56] {dptl} :)
[15:56] {dino} 500 pt dji comeback
[15:56] {Threei} yup
[15:56] {Threei} tells you wheta smart money is doing today
[15:57] {Threei} today's sellers will be big losers when all said and doen, IMO
[15:57] {dptl} good day.....have a good evening all :) and ty for the heads up:)
[15:58] {Threei} frikin GE, lol
[15:58] {Threei} take care dp
[15:58] {magoo} u too dp
[15:59] {Threei} [09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[15:59] {Threei} [09:11] {Threei} then I'd expect very strong rally in second half of the day.
[15:59] {peterg} ciao all; so vad you have 2 scenarios eh
[16:00] {Threei} at least
[16:00] {peterg} big up at open, or bleak relentless at first, followed by up
[16:00] {peterg} right
[16:00] {peterg} thks, gd day
[16:00] {Threei} no, first one was:
[16:01] {peterg} yah?
[16:01] {Threei} [09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[16:01] {Threei} [09:11] {Threei} those would be sold.
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {magoo} u always forget to post who asks the question..he he
[16:02] {peterg} me?
06[16:02] * magoo slaps peterg around a bit with a large trout
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:02] {peterg} much better...............
[16:02] {magoo} hey,,not very nice
[16:02] {peterg} do you feel lucky?
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:03] {patience} have fun dino, magoo will be his usual wonderful self while you are gone :)
