Oct 13 2008
Session Time: Mon Oct 13 00:00:00 2008
[07:49] {magoo} morning
[07:49] {Threei} Good morning
[07:51] {magoo} we got what we feard fri..huge gapper
[07:51] {Threei} yeah
[08:07] {Threei} MS
[08:07] {Threei} REPORTEDLY MITSUBISHI STILL AIMS TO PURCHASE 21% STAKE IN COMPANY, NO CHANGE IN INVESTMENT SIZE VS ONGOING DEAL TALK
[08:07] {Threei} -Preferred shares said to yield 10% to Mitsubishi{MTU}
[08:29] {magoo} cramer saying dow target 4400...
[08:29] {magoo} whats he trying to do?
[08:30] {Threei} sigh
[08:33] {Threei} FED'S HOENIG: TREASURY BANK AID PLAN IS 'DAUNTING'
[08:37] {Threei} FED'S HOENIG: FINANCIAL SERVICES INDUSTRY HAS TO STEP UP AND HELP RESTORE MARKET STABILITY
[08:37] {Threei} - Regulatory agencies around the world must take care not to over-react.
[08:37] {Threei} - The bank supervisory structure did not cause the credit crisis.
[08:37] {Threei} - Supports a rules-based not a principle-based set of regulations.
[08:37] {Threei} - The US Treasury and the Fed can not solve the crisis alone.
[08:37] {Threei} - While the TARP plan is daunting, believes the program will help deal with the crisis.
[08:38] {Threei} (CA) CANADIAN FIN MIN: ALL NECESSARY STEPS WILL BE TAKEN TO MAINTAIN STABILITY IN THE FINANCIAL SYSTEM
[08:38] {Threei} GE
[08:38] {Threei} CEO: GLOBAL FINANCIAL SYSTEMS ARE STRONGER NOW THAN THEY WERE FOUR WEEKS AGO
[08:38] {Threei} yeah?
[08:42] {cosmo} .... back up the truck...
[08:48] {cosmo} APWR
[08:48] {cosmo} 5.40 pre mkt spike high fyi
[08:49] {dino} gm all, seems i missed a crazy one
[08:49] {Threei} no kidding dino
[08:49] {cosmo} tulips soon dino
[08:49] {Threei} unprecedented volatility
[08:50] {dino} lol
[08:50] {dino} in any case, back to work
[08:53] {cosmo} NVDA pre mkt high = 7.40 fwiw
[08:53] {dino} who got the govt cdo contract for market, cme or ice?
[08:54] {Threei} (GE) GERMAN GOVT CONFIRMS IT WILL PROVIDE UP TO €500B IN GUARANTEES, CAPITAL FOR BANKS
[08:54] {Threei} - Bailout plan is in accord with other EU nations
[08:54] {Threei} - Bailout packages mature on Dec 31, 2009
[08:54] {Threei} - Notes foreign banks' German units are also included in plan
[08:54] {Threei} - Bundesbank will ensure liquidity of money market funds
[08:54] {Threei} - Govt also targets taking direct stakes in banks, revising balance sheet regulations for banks
[08:54] {Threei} - Govt also plans to set up a special financial market stabilization fund
[08:54] {Threei} - Reportedly the German Cabinet approved bank sector rescue plan
[08:54] {Threei} - Note: Earlier today, it was speculated that the German financial market rescue package would total €470B and Germany would provide €400B in bank guarantees, €70B in bank capital
[08:54] {peterg} morning
[08:54] {Threei} peter :)
[08:55] {Threei} (IT) ITALY REPORTEDLY TO PLACE OVER €20B TO SUPPORT BANKING SYSTEM
[08:56] {Threei} told ya... they'll throw any kind of money at this
[09:03] {hawkfan4} morning all
[09:03] {Threei} hawk :)
[09:03] {magoo} H
[09:03] {magoo} A
[09:03] {magoo} W
[09:03] {magoo} K
[09:03] {hawkfan4} :)
[09:04] {peterg} having too much fun, smiling not crying
[09:04] {magoo} they freeze up in mkt hours u could be slaughtered today
[09:08] {cosmo} Q
[09:08] {peterg} what is symbol for FORD?
[09:09] {peterg} 90 y/o father bought 1K sh on Friday for a bounce, he hopes
[09:09] {peterg} swinger, that one
[09:09] {magoo} uses viagra?
[09:09] {magoo} at 90
[09:09] {peterg} didn't ask
[09:10] {dino} everywhere contries are flooding the world w/money
[09:10] {peterg} looks like symbol for ford is ford
[09:10] {dino} f
[09:11] {magoo} f u too dino.sheesh
[09:11] {peterg} thks dino & welcome back
[09:13] {Threei} (AS) AUSTRIAN CHANCELLOR: AUSTRIA WILL IMPLEMENT A €100B FINANCIAL MARKET RESCUE PLAN
[09:13] {Threei} - The package will provide support for the banking system, mainly via guarantees.
[09:13] {Threei} - To limit short-selling
[09:14] {Threei} (FR) FRENCH PRES SARKOZY: A FRENCH ENTITY WILL BE CREATED IN ORDER TO ASSIST BANKS
[09:14] {cosmo} ah... templars
[09:16] {dptl} morning all
[09:17] {Threei} dp :)
[09:17] {Threei} GM
[09:17] {Threei} CLOSING WISCONSIN SUV PLANT, AFFECTING 1,200 JOBS
[09:17] {peterg} does it say where in Wis?
[09:18] {cosmo} SUV's need to be lighter and more sporty ...that's all
[09:18] {Threei} no
[09:19] {peterg} looks like Janesville
[09:19] {GeoArb} gmall
[09:19] {Threei} geo :)
[09:21] {Threei} IMO, the only way to deal with this gap is wait out the open
[09:21] {cosmo} nvda tests 7.40
[09:21] {Threei} if we get wild swing as we saw on Friday, it's a buy on extreme spike down
[09:22] {Threei} but I doubt Fri opening wqill repeat today
[09:24] {Threei} GM, quite a gap
[09:25] {Threei} DELL is fairly meek
[09:25] {Threei} MS... jeez
[09:26] {Onix} Good moring all
[09:26] {Threei} LOL, GS lowers oil price to 65
[09:26] {Threei} Onix :)
[09:26] {Threei} weren't they predicting 200 on the way up
[09:27] {hawkfan4} time to buy oil
[09:27] {Threei} not yet IMO
[09:27] {magoo} they are prudent vad..trailing the target he he
[09:27] {Threei} uhhu
[09:28] {GeoArb} MS !
[09:29] {peterg} tempted to chase but remained strong
[09:29] {peterg} good me
[09:30] {peterg} very exciting spike
[09:30] {peterg} lots today spose
[09:31] {Threei} watching ADBE pullback
[09:32] {Threei} should follow lower
[09:33] {Threei} if not losing .70, half lot long when NQ reeverses
[09:33] {Threei} argh
[09:33] {Threei} don't chase
[09:35] {Threei} 29 long smaller shares, stop under .80
[09:37] {Threei} (RU) RUSSIA RTS EXCHANGE HALTS TRADING UNITL TOMORROW
[09:37] {Threei} {RSX }
[09:37] {ese} good morning......
[09:37] {Threei} ese :)
[09:37] {ese} slept through my alarm
[09:37] {ese} whats happenin
[09:37] {ese} things lookin up
[09:38] {Onix} in ADBE @ .21
[09:38] {Threei} .21??
[09:38] {Onix} .01 i mean
[09:38] {Threei} WHEW
[09:38] {Threei} scarewd the living daylight out of me
[09:38] {Onix} me too!
[09:39] {Threei} Long Setup: NVDA .65 if stays above .55
[09:39] {Threei} (IT) ITALY PM BERLUSCONI: COUNTRY HAS METHODS TO AVOID MARKET TURMOIL AFFECTING THE REAL ECONOMY
[09:40] {Threei} yeah, we heard his methods... halt all exchanges
[09:40] {magoo} out adbe .45 TY vad
[09:40] {GeoArb} he must be russian
[09:40] {Threei} welcome mags
[09:40] {Onix} ty VAD got .47
[09:40] {Threei} cool beans
[09:40] {Threei} you guys are good
[09:41] {magoo} good mentor
[09:41] {Threei} who would that be... I better hire him
[09:41] {Threei} dell
[09:42] {magoo} vad..news CME?
[09:43] {Threei} no
[09:43] {Threei} gettinf feeling ADBE is going much higher
[09:43] {magoo} u in?
[09:43] {Threei} didn't reallt poulled back this time with NQ
[09:43] {Threei} .50 break, will try
[09:43] {Threei} very risky
[09:44] {Threei} half out .71
[09:44] {Threei} offering the balance .95
[09:44] {Threei} stop under .40
[09:45] {magoo} going long .95 for breakout
[09:45] {magoo} HE HE
[09:45] {Threei} lol
[09:45] {magoo} watching AAPL for bounce
[09:45] {magoo} give me a read vad
[09:46] {Threei} toughie
[09:46] {magoo} he he ya rthink?
[09:46] {dino} banks rolling over
[09:46] {Threei} changing to 1/4 out at .95
[09:47] {Onix} Vad, do you use the symbol NQ or is there more?
[09:47] {magoo} easing in 1/4 .95
[09:47] {Threei} rofl mags
[09:47] {Threei} onix, you have futurtes feed?
[09:47] {Threei} 1/4 out
[09:47] {Onix} i use QQQQ
[09:47] {ese} long ATVI
[09:47] {ese} .49
[09:47] {Threei} if you don't have separate futures feed you won't get NQ quotes
[09:48] {ese} 3/4
[09:48] {Threei} QQQ is good enough as proxy
[09:48] {Threei} out in full ADBE
[09:48] {GeoArb} nice vad
[09:48] {Onix} ty
[09:48] {Threei} .28
[09:48] {Threei} +.77
[09:48] {Onix} wtg Vad!
[09:48] {dino} gj
[09:50] {Threei} tempted to short RIMM 59.5 breakdown
[09:50] {ese} stop .40
[09:50] {Threei} with stop above .75 - .80 zone
[09:51] {Threei} 1:1 quickly
[09:51] {Threei} out .18
[09:51] {Onix} missed that one
[09:51] {Threei} a bit too early
[09:51] {Threei} argh'
[09:51] {GeoArb} nice and sweet
[09:51] {ese} stopped .40 -.09 hmmmmm
[09:51] {magoo} just feel like should be playing more long on bounces
[09:51] {magoo} but..i could be sucker
[09:52] {GeoArb} in .46 out .05
[09:52] {Threei} wtg Geo
[09:52] {Threei} beat my exit
[09:52] {GeoArb} scaled on .16 too
[09:52] {Threei} look how well ADBE is holding
[09:53] {Threei} RIMM dollar
[09:53] {Threei} {--- crying
[09:53] {GeoArb} wow rimm
06[09:53] * GeoArb joins 3i
06[09:53] * Threei passes Geo a tissue
[09:54] {hawkfan4} lol
[09:54] {GeoArb} hmm so _xzap didnt continue?
06[09:54] * Threei is looking around
[09:54] {Threei} OK{ bounce time RIMM
[09:54] {Threei} in .95
[09:55] {Threei} stop under .90
[09:55] {Threei} ADBE... starts feeling like buy and hold, lol
[09:55] {Onix} in @.01
[09:58] {Threei} half out RIMM .40
[09:59] {Onix} grabbed only .17 on RIMM
[09:59] {Threei} out in full .96
[10:00] {Threei} half lot ADBE long .15
[10:00] {Threei} stop under 30
[10:01] {Threei} in
[10:01] {magoo} in
[10:01] {dino} v sm wide cme l 9.00
[10:02] {Onix} in ADBE @ .15
[10:02] {Threei} if works, not a scalp for me
[10:04] {Threei} no worky
[10:05] {Onix} stopped ADBE
[10:07] {GeoArb} sheesh was a 12 point down spike on NQ
[10:14] {GeoArb} .
[10:18] {Onix} am i still logged in here?
[10:18] {Threei} no
[10:18] {dino} y
[10:18] {magoo} no
[10:18] {Onix} ty
[10:18] {Threei} let's vote on that?
[10:20] {Threei} Long Setup: AA .70 half lot
[10:20] {Threei} if stays above .50
[10:21] {magoo} in
[10:21] {Onix} in
[10:26] {Threei} let's trail it to under .60
[10:26] {Threei} taking too long
[10:27] {magoo} exit area?
[10:27] {Threei} looks fairly capable of going closer to 13
[10:28] {Threei} buty so far hesitates too long for my taste
[10:29] {magoo} especially on naz spike
[10:29] {Threei} better now
[10:29] {Threei} 1:1
[10:29] {Threei} I am out .92
[10:30] {GeoArb} all out .91
[10:30] {GeoArb} TY vad
[10:30] {Threei} welcome
[10:32] {Threei} kind of missed DELL
[10:32] {Threei} it's morning weakness tunred me off
[10:32] {Threei} but later on it gained strength
[10:32] {Threei} quite nice steady climb
[10:33] {Threei} if NQ breaks, let's try .38 with stop under .30
[10:33] {Threei} ADBE fooled us, eh?
[10:33] {magoo} out AA .91 here
[10:34] {magoo} got second chance
[10:34] {dino} out cme 390.20, +10.20
[10:34] {Threei} ok, good pullback NQ here, allows us to see which ones are holding right under high for a break
[10:34] {Threei} eeck
[10:34] {Threei} dino... that's indecent
[10:34] {dino} :)
[10:35] {dino} 389.20 that is
[10:35] {GeoArb} i guess golf vacation helped :)
[10:35] {hawkfan4} wow, nice dino
[10:35] {Threei} ADBE
[10:35] {dino} lucky
[10:35] {Threei} thing is aiming for 31 if market breaks out here and it takes .50
[10:36] {Threei} would prefer pullback entry
[10:36] {Threei} let's see if we can nail one
[10:36] {Threei} same with DELL
[10:37] {Threei} NQ is forming C&H hopefully
[10:37] {Threei} 1346 will complete it
[10:39] {Threei} ADBE closest support .30
[10:39] {dino} jpm sm l .45
[10:39] {Threei} NQ is determined
[10:41] {GeoArb} so did we take break of .5?
[10:42] {Threei} we?
[10:42] {Threei} are we rading as a single entity?
[10:42] {GeoArb} i did
[10:42] {Threei} trading
[10:42] {GeoArb} yes we are raiding
[10:42] {Threei} stop under .30
[10:42] {GeoArb} out half
[10:43] {GeoArb} ahhhhh
[10:43] {GeoArb} crossed vads monthly fees
[10:43] {Threei} today?
[10:43] {GeoArb} yeah
[10:43] {Threei} in one day? what I charge for a month?
[10:44] {GeoArb} yesh
[10:44] {GeoArb} pls dont increase it pls pls
06[10:44] * Threei sends a memo to sales/marketing department
[10:44] {ese} UAUA taking of
[10:45] {GeoArb} wow chaeron late today
[10:48] {Threei} market sharp downticks
[10:48] {Threei} maybe time to rest a little
[10:49] {dino} jpm stopped -.40\
[10:49] {Threei} CHRYSLER CEO: COMPANY HAS BEEN APPROACHED BY OTHER COMPANIES FOR POSSIBLE AGREEMENTS
[10:49] {Threei} {F GM}
[10:51] {Threei} Long Setup: PRU .50 small shares, if holding above .30
[10:53] {GeoArb} drat missed
[10:56] {Chaeron} good morning all
[10:56] {Threei} out .92
[10:56] {Threei} Chaeron :)
[10:56] {Chaeron} missed some nice ones I see...
[10:56] {GeoArb} hey cchaeron
[10:56] {Threei} wow, even that too early
[10:57] {GeoArb} sheesh
[10:57] {Threei} stocks start doing what I told you they would at some point
[10:57] {Threei} just go, go and go
[10:57] {dptl} he he out.54 +1.00..ty
[10:57] {Threei} sheesh
[10:57] {GeoArb} nice dp !!
06[10:57] * Threei slaps Threei around a bit with a large trout
[10:58] {Threei} welcome dp :)
[10:58] {Chaeron} great one dp
06[10:58] * GeoArb slaps Threei around a bit with a large trout
[10:58] {Chaeron} great call Threei
[10:58] {dptl} ty
[10:58] {Threei} will take us a few to switch to this kind of thinking,
[10:58] {Threei} and really need more than one day
[10:59] {Threei} to make sure it's a new market mode
[10:59] {Threei} but we will get there, this bull market once it takes rot will not be over in a week or month
[10:59] {Threei} rot = root
[10:59] {Threei} sigh
[10:59] {GeoArb} tkaes rot hehehe
[10:59] {GeoArb} oops
[10:59] {Chaeron} yeah... and your typing is so much better LOL
[11:00] {Threei} look who is talking, lol
[11:00] {Chaeron} :P
06[11:00] * GeoArb goes ina corner and counts his money
[11:00] {Threei} "tkaes" really adds irony, eh chaeron? :)
[11:01] {Chaeron} classic
[11:01] {GeoArb} ok ok
[11:01] {GeoArb} :0\
[11:04] {GeoArb} maaan PRU
[11:06] {Threei} RIMM
[11:07] {Threei} 59 .10 long
[11:07] {Threei} if stays above 58.85
[11:10] {Threei} let's modfiy it
[11:10] {Threei} 59 break
[11:11] {Threei} US TREASURY CONFIRMS MEETING WITH FED AND MARKET PARTICIPANTS FOR FINAL DETAILS TO STABILIZE FINANCIAL MARKETS
[11:12] {Threei} RIMM invalidated
[11:15] {dino} amzn sm l .00
[11:18] {magoo} since its report..rimm just hasnt had it
[11:19] {Threei} WSJ: QATAR WILL INJECT APPROX $6B IN CAPITAL INTO BANKS
[11:19] {Threei} - reminder: over the weekend, it was reported that the U.A.E. said that it would inject funds into banks if necessary. {USD/GCC}
[11:19] {Threei} I start feeling ashamed I am not injecting liquidity in banks
[11:19] {Threei} everyone else does
[11:20] {GeoArb} i love this new term
[11:20] {Onix} i will leave that to Uncle Sam to do for us
[11:20] {magoo} not me..i injected liquidity in stock mkt for 9 yrs
[11:20] {GeoArb} injecting liquidity
[11:20] {GeoArb} sounds so clinical
[11:20] {Threei} lol
[11:20] {GeoArb} lol magoo
[11:20] {Onix} i have also injected way too much already
[11:28] {dino} you guys crack me up, missed it
[11:28] {Threei} :)
[11:29] {GeoArb} ok last one
[11:29] {GeoArb} vad can edit it later :)
[11:29] {Onix} has it ever happened before that the government buys stocks directly?
[11:30] {GeoArb} injecting liquidity..... is that what they call love nowadays?
[11:30] {dino} yes
[11:30] {Chaeron} Onix, I don't know but I wish I were their broker
[11:30] {dino} many govt. do this
[11:31] {Onix} i think it is Paulson who wants to buy some GS
[11:31] {GeoArb} lol chaeron
[11:31] {dino} think govt pensions that are allowed to invest in markets
[11:31] {GeoArb} didnt it happen to chrysler? not sure
[11:31] {Onix} to help his old buddies
[11:31] {Onix} and maybe he still has lots of shares in GS
[11:32] {GeoArb} the timing kinda sucked.... bailout right before GS plunge
[11:32] {GeoArb} they let the others die
[11:32] {dino} amzn stop to .40
[11:32] {dino} we all die geo
[11:32] {GeoArb} :)
[11:33] {GeoArb} after payint taxes.....
[11:33] {GeoArb} the irony doesnt escape me
[11:33] {Onix} maybe that is why they now want to change the use of the 700B bailout
[11:33] {GeoArb} now i will pay interest to banks to lend me my taxpayer money
[11:33] {dino} lol
[11:33] {dino} out amzn serious slip, .61 +.61, stop was trailed to .70
[11:34] {GeoArb} nice dino
[11:34] {Onix} wtg dino
[11:34] {dino} ty
[11:42] {dino} acas sm l .80
[11:42] {Threei} a lot of relentless slow climbs
[11:43] {magoo} yeah..up big but was mosly gap
[11:43] {Onix} no great pulbacks
[11:43] {Threei} no, I mean those that continue climbing intraday
[11:43] {Threei} like SBAC
[11:43] {Threei} JRCC
[11:44] {Threei} EQIX
[11:44] {Threei} etc
[11:45] {Threei} ADBE tired
[11:45] {Threei} short candidate if/when market decides to pull back finally
[11:45] {Onix} quiet accumilation in some?
[11:45] {Threei} 30 breakdown
[11:50] {magoo} in
[11:51] {Threei} in what?
[11:51] {magoo} lil aggresive sh adbe
[11:52] {magoo} .06
[11:53] {Onix} in .98
[11:53] {magoo} out .98 lol
[11:53] {Onix} adbe ss
06[11:53] * Threei slaps magoo around a bit with a large trout
[11:53] {magoo} kidding lol
[11:55] {Onix} out .92 adbe
[11:55] {dino} amzn sm l .05
[12:03] {GeoArb} nice day thanks vad and all
[12:03] {GeoArb} bye
[12:03] {Threei} take care geo
[12:03] {Chaeron} bye Geo
[12:04] {hawkfan4} l8r geo
[12:08] {magoo} laaa....eight......er.....oh..i get it
[12:08] {hawkfan4} {==extra clever today
[12:09] {Threei} lol
[12:10] {dino} out amzn .45, +.40
[12:10] {Onix} gj
[12:10] {dino} ty
[12:10] {magoo} l rimm here .43
[12:11] {Threei} SBAC
[12:11] {Threei} smaller shares 18 long
[12:11] {Threei} stop under .80
[12:12] {dino} acas stop to .88
[12:13] {magoo} hoping 60 artea
[12:13] {magoo} stop .94
[12:15] {magoo} out here
[12:15] {magoo} .82 ty vad
[12:15] {Threei} for what?
[12:16] {magoo} just BEING there
[12:16] {Threei} oh
[12:16] {Threei} can I limit my participation to that?
[12:16] {Onix} please no
[12:16] {Threei} lol
[12:16] {dino} out acas +.08
[12:19] {Onix} slow one
[12:19] {dino} yeah, thats why tight, be done
[12:36] {Threei} yawn
[12:36] {Threei} anything's moving out there?
[12:36] {Chaeron} DRYS?
[12:36] {Onix} not a soul is stirring
[12:36] {Chaeron} vol too low tho now
[12:37] {Threei} overall, I am not imressed with market volume so far
[12:37] {Chaeron} Columbus Day... everyone out eating pasta
[12:38] {Threei} oh
[12:38] {Onix} and Thansgiving in Canada ... what a way to spend it ... trading!
[12:38] {Threei} we canucks are having Thanksgiving today
[12:38] {Threei} yeah
[12:38] {Threei} well... my consolation comes when it's Thanksgiving in USA
[12:39] {Threei} whole Canada is working, and I am having long weekend
[12:39] {GeoArb} back
[12:39] {Threei} quick, everyone
[12:39] {Threei} hide your winning trades
[12:39] {GeoArb} sheesh
[12:39] {Onix} lol
06[12:39] * GeoArb would have shared
[12:40] {Threei} and we would have taken
[12:42] {Onix} SBAC fooled us
[12:42] {Threei} invalidated and broke
[12:42] {Threei} oh well
[12:43] {Onix} life's like that sometimes
[12:58] {dino} ice sm s .50
[13:02] {dino} stopped -.40
[13:02] {Threei} too bad you haven'ty been here for ICE last week
[13:03] {Threei} misunderstood news, killed it... then deatils appeared, took it all the way back
[13:04] {dino} hmmm
[13:05] {Threei} can you imagine 1000 points daily range, dino?
[13:06] {dino} when i left we were doing 500-700. which was unbelievable
[13:07] {Threei} most stunning element was the speed with which market went through the range
[13:08] {Threei} literally in minutes
[13:08] {Threei} that was something out of sci-fi
[13:08] {Threei} teleportation
[13:09] {Threei} Paulson: beam me up Benny!
[13:09] {dino} lol
[13:09] {dino} i watched a little between rounds, was moving in clumps of points
[13:10] {Threei} we found ourselves in chronoclastic infindibula
[13:10] {magoo} see vad..i told u dino was working down there lol
[13:10] {Threei} I didn't believe you
[13:10] {Threei} but yeah
[13:10] {Threei} you are your brother's keeper
[13:10] {dino} no, just couldn't resist looking at tape when at the bar, or heading out
[13:11] {Threei} oh Tv
[13:11] {Threei} Ok then
[13:11] {Threei} no way I'd approach computer on vacation :)
[13:11] {dino} yeah, no laptop
[13:21] {Threei} IRAQI OIL MIN: OPEC WILL EVALUATE CUTTING SUPPLY IF DEMAND WORLD SHOWS THERE IS LITTLE NEED FOR IT
[13:21] {Threei} - Iranian Oil Min: current oil prices 'not a healthy sign'
[13:21] {Threei} no?
[13:22] {GeoArb} nope
[13:22] {Threei} only because it's too high, I'd say
[13:23] {GeoArb} needs to be double
[13:23] {GeoArb} (according to them)
[13:23] {Threei} get it down to 50 and I'll agree it's almost healthy
[13:23] {Threei} 35, and I'll stop taking its temperature and blood pressure
[13:24] {Threei} US REP HOYER: THERE IS BROAD SUPPORT FOR TREASURY'S PLAN FOR PURCHASES OF EQUITY IN BANKS
[13:24] {Threei} among banks, right?
[13:25] {GeoArb} i think its still a better idea than buying toxic paper
[13:25] {GeoArb} let em sort all that stuff out.... if they make money you make money
[13:25] {dino} why don't they just grant options
[13:26] {GeoArb} did i tell you my buddy grew up withthe guy who is implementing paulson's plan
[13:26] {GeoArb} (dunno if thats something to brag about)
[13:26] {GeoArb} he is called minime
[13:27] {dino} lol
[13:27] {GeoArb} http://www.elitetrader.com/vb/attachment.php?s=&postid=2109811
[13:27] {GeoArb} youll love this
[13:29] {dino} roflol
[13:29] {GeoArb} his title is Interim Assistant Secretary of the Treasury for Financial Stability
[13:29] {GeoArb} lol
[13:29] {GeoArb} really
[13:30] {GeoArb} used to be a scientist at TRW at redondo beach.... then got bored and joined GS
[13:31] {dino} hmmm
[13:31] {GeoArb} Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space scien
[13:31] {GeoArb} but i love his title
[13:33] {dino} heck of a business card
[13:34] {GeoArb} barely 6 yrs out of school
[13:35] {Onix} so, GS is running the USA at the moment?
[13:35] {GeoArb} revolving door
[13:35] {Threei} pretty much Onix
[13:35] {GeoArb} UIUC engineering guy wharton finance
[13:36] {dino} nah, we speculators are
[13:36] {GeoArb} true dino true
[13:36] {GeoArb} damn hs i only one year older than me
[13:36] {GeoArb} http://www.time.com/time/business/article/0,8599,1848055,00.html
06[13:37] * GeoArb is depressed
[13:40] {magoo} lil pullbk 2-230..then rrock into bell?
[13:40] {GeoArb} smug &^&^%^&%!!!!!!!
[13:40] {GeoArb} (SZ) Swiss Bankers Assoc. CEO: Switzerland does not need a bailout, as no housing bubble exists and the economy remains 'stable'
[13:41] {magoo} all thgose illegal; bank accts
[13:41] {Threei} lol
[13:41] {GeoArb} i guess thats where the money will go
[13:41] {magoo} like bailing out the mafia
[13:42] {GeoArb} i am planning to go to a bank soon and ask for a loan....
[13:42] {GeoArb} if they ask for collateral .... Ill say my house and laugh hysterically
[13:46] {Threei} DELL continues strength without even market help
[13:48] {Onix} and ADBE is very tired
[13:48] {Threei} yup
[13:49] {magoo} adbe=a dino back early
[13:51] {Threei} lol
[13:51] {Threei} and dell?
[13:51] {Threei} dino eluded late lull?
[13:56] {Threei} OK, ADBE pulled back far enough to get me interested again
[13:56] {Threei} need NQ to resume strength
[14:12] {dino} ice big rinse almost 2 bucks
[14:16] {Threei} things pretty much stalled
[14:16] {Threei} gotta wait it out
[14:22] {dino} sm aacc l .95
[14:24] {Threei} DELL chart begs to short .50
[14:24] {Threei} not sure it's worth the trouble
[14:24] {Threei} see if you like it
[14:26] {dino} rolling over, but how much w/mkt up so much
[14:26] {dino} have to think it can keep a gain
[14:26] {dino} cetv interesting from short
[14:26] {dino} ice is big bummer
[14:29] {Onix} the lower lows are coming just as slowly as the higher highs came earlier
[14:30] {dino} missed cetv
[14:35] {Threei} anuone took DELL, look for scalp
[14:35] {magoo} vad..my question
[14:35] {Threei} sideways
[14:38] {dino} cetv dropped a buck
[14:41] {magoo} ADBE vad??
[14:41] {Threei} short on NQ reversal
[14:41] {Threei} don't see it as a long here
[14:43] {Threei} WMT
[14:43] {Threei} HEARING SHARES RAISED TO BUY FROM NEUTRAL AT UBS; COST RAISED TO NEUTRAL (TIMING UNCERTAIN)
[14:43] {Threei} - Note UBS cut these names last week
[14:43] {Threei} they change their calls weekly now?
[14:43] {Onix} soon it may be daily
[14:43] {Chaeron} soon they'll be in your room changing on the fly... watch for it :)
[14:44] {Chaeron} onix :)
[14:44] {Onix} same with earnings ... market up, earnings beat & visa versa
[14:44] {GeoArb} hehehe UBS is a filthy daytrader
[14:44] {GeoArb} power up
[14:46] {Threei} NVDA
[14:46] {Threei} ANNOUNCES CLOSURE OF U.S.DOJ INVESTIGATION REGARDING POSSIBLE ANTITRUST VIOLATIONS
[14:46] {Threei} - DOJ investigation into potential antitrust violations related to graphics processing units and cards has been closed.
[14:46] {Threei} - No specific allegations were made against the Company during the investigation.
[14:49] {Threei} changing my opinion mags
[14:49] {Threei} explosion in cards
[14:50] {Threei} (unless I change it again in 10 min)
[14:51] {Onix} what's use of having a mind if you a't change it hey?
[14:51] {Threei} exactly
[14:51] {GeoArb} what use is a mind if it never changes
[14:54] {Threei} TIGER MANAGEMENT'S JULIAN ROBERTSON: IN THE PAST FEW DAYS WE HAVE BOUGHT SHARES IN MSFT, AAPL, BIDU, V, AND MA - CNBC INTERVIEW
[14:54] {Threei} - also buying more shares of RYAAY.
[14:54] {Threei} - says copper is a good short.
[14:54] {GeoArb} man yahoo outlook keeps getting lowered
[14:55] {Onix} Tiger Management doing well?
[14:55] {Threei} if they bought over last few days, must be
[14:55] {dino} jpm l sm .00
[14:57] {Threei} NQ goes for new highs very soon
[14:57] {Threei} there
[14:59] {dino} not really liking market up so much so fast. plus the gaps are trouble
[15:00] {Threei} well, we were so deeply oversold
[15:00] {Threei} plus Cramer called Dow to 4000 or so
[15:00] {GeoArb} heheh have you seen the hilariouds ads on cramer being run by fox business?
[15:00] {Threei} no
[15:01] {GeoArb} they are gunning for him
[15:01] {dino} liking farley's thoughts better, 7100ish
[15:02] {GeoArb} http://www.youtube.com/watch?v=yca7nbhyMVY
[15:02] {GeoArb} here yo go vad
[15:03] {Threei} lol
[15:03] {Threei} well... hard to deny truth
[15:03] {GeoArb} ahhhhhh
[15:04] {GeoArb} made 5 times my daily (200) today
[15:04] {GeoArb} best day in last 2 months
[15:04] {dino} out jpm .45, +.45
06[15:04] * Threei slaps GeoArb around a bit with a large trout
[15:04] {dino} great job geo
[15:04] {GeoArb} 2 contracts of ES on IB
[15:05] {GeoArb} scaled in slowly when market powered up
[15:05] {dino} little over 2x's here
[15:05] {magoo} your daily is 200 geo?
[15:05] {GeoArb} yeah
[15:05] {GeoArb} as i opnly trade first half
[15:05] {GeoArb} will increase slowly
[15:05] {magoo} no..thats great..its 50k a yr
[15:05] {GeoArb} consistency over greed.... as i got greedy a few months ago
[15:05] {GeoArb} ok TY
[15:06] {GeoArb} crap exited early on ES
[15:06] {dino} trading is boxing geo, not a sprint
[15:06] {GeoArb} yeah.... watch you guys doing it everyday
[15:06] {GeoArb} its an inspiration
[15:06] {magoo} true dino..but more violent..like extreme kickboxing
[15:06] {dino} lol
[15:07] {GeoArb} okkkk
[15:07] {Threei} [14:49] {Threei} changing my opinion mags
[15:07] {Threei} [14:49] {Threei} explosion in cards
[15:07] {GeoArb} oy yes
[15:07] {GeoArb} vads an inspiration too
06[15:07] * GeoArb forgot
[15:07] {Threei} sigh
[15:08] {GeoArb} lol
06[15:08] * Threei is easily forgotten
[15:08] {hawkfan4} beauty call vad
[15:08] {Threei} :)
[15:08] {hawkfan4} notice i put "call" in there, to avoid any unnecessary trouting
[15:08] {Threei} I did
[15:08] {hawkfan4} :)
[15:08] {Threei} thank you
[15:08] {dino} vad's the animal
06[15:08] * magoo slaps Threei around a bit with a large trout
[15:08] {Threei} that's considerate
[15:08] {Threei} lol
[15:09] {GeoArb} sheesh
[15:09] {GeoArb} fires 3 miles from home
[15:09] {GeoArb} 118 and 210 closed chaeron
[15:11] {Chaeron} wow... I heard... let me know if anything in OC
[15:11] {dino} good luck geo, bad stuff
[15:11] {GeoArb} really windy today too
[15:11] {Chaeron} Geo - take care and let us know, ok?
[15:11] {GeoArb} TY
[15:12] {Chaeron} DCC Geo
[15:13] {dino} sm s cetv .50
[15:14] {Threei} Short Setup: RMBS .69
[15:14] {Threei} if stays under .75
[15:14] {Threei} just a scalp
[15:15] {dino} double bubble gum flying at me
[15:16] {Onix} in
[15:16] {GeoArb} me too
[15:17] {dino} rcrc
[15:19] {GeoArb} so vad.... wht was the setup here?
[15:19] {GeoArb} is
[15:19] {Threei} break of support on reversal
06[15:19] * Threei slaps laserdave1 around a bit with a large trout
[15:19] {GeoArb} ok got it
[15:20] {GeoArb} cant that be a pullback?
[15:20] {Threei} needs NQ reversal to help
[15:20] {Threei} doesn't look like getting it
[15:20] {dino} cetvv stopped
[15:23] {Threei} no worky RMBS
06[15:24] * laserdave1 slaps Threei around a bit with a large trout
06[15:24] * magoo slaps laserdave1 around a bit with a large trout
[15:24] {Threei} new highs we are headed for
[15:24] {magoo} fighting trend on that one vad
[15:24] {Threei} shrug
[15:24] {Threei} looked like reversal
06[15:24] * magoo slaps Threei around a bit with a large trout
[15:24] {Threei} 6 cents sto[
[15:25] {Threei} don't tell me it wasn't worth a try
06[15:25] * magoo slaps patience around a bit with a large trout
[15:25] {patience} magoosky!
[15:25] {Chaeron} not too nice to hit a lady, pardner.........
[15:25] {magoo} i no take..trend is my friend
[15:25] {Chaeron} (that was in my best John Wayne)
[15:25] {Threei} up 700 points
[15:25] {patience} it was pretty good
[15:26] {Threei} another day in the office
06[15:28] * laserdave1 slaps magoo around a bit with a large trout
06[15:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:29] * magoo slaps Chaeron around a bit with a large trout
06[15:29] * Chaeron slaps magoo around a bit with a large trout
[15:29] {magoo} hey..what i do??
[15:29] {Chaeron} freakin' Three Stooges
06[15:30] * laserdave1 slaps Chaeron around a bit with a large trout
[15:31] {Threei} Obama's plan includes moratorium on home foreclosures
[15:32] {GeoArb} and no penalty on retirement withdrawals
[15:32] {Threei} that I don't care about
[15:32] {Chaeron} yeah...
[15:33] {cosmo} no taxes?
[15:33] {dino} yeah right, like thats going to happen
[15:33] {dino} just telling you what you want to hear
[15:33] {cosmo} zero cost basis
[15:33] {Chaeron} cosmo... can you say Democrat? :)
[15:33] {Threei} yeah... and can you say President?
[15:34] {cosmo} I've been putting that off...
[15:34] {Chaeron} I'll hold back on that
[15:34] {cosmo} both
[15:34] {Threei} voters hearing "no foreclosures"?
[15:34] {Threei} seals the deal
[15:35] {Chaeron} I'll top that... no car payments too
[15:35] {dino} i am simply saying they are all telling lies. they are just telling you what you want to hear
[15:35] {Threei} that'll come out after elction
[15:35] {cosmo} just ... rescue me
[15:36] {GeoArb} that sounds like madonna
[15:36] {cosmo} nice to see some of that 700 B working...
[15:38] {Threei} I believe we are to see another runup
[15:38] {Chaeron} give me a cheap long?
[15:38] {Threei} in ADBE, stop under .50
[15:39] {Threei} cheap... hmmm
[15:39] {Chaeron} in ADBE .65 thanks
[15:39] {cosmo} something up less than 10%, lets say...
[15:40] {Threei} ummm... ABTL
[15:40] {Chaeron} lol... ok... how about vygo?
[15:41] {Chaeron} just get that boot ready if needed for ADBE
[15:41] {dino} rcrc?
[15:41] {Threei} weak...
[15:42] {Threei} +750
[15:42] {Threei} +800 coming, IMO
[15:42] {magoo} RIMM?
[15:42] {Threei} as usual
[15:42] {Threei} will make new highs with market
[15:43] {Threei} or die with it
[15:46] {Threei} come on NQ, break 1400
[15:47] {Threei} {NQ} with all my pleasure
[15:48] {Threei} ummm... I meant break AND stay there
[15:48] {GeoArb} heheh
[15:50] {Threei} better now
[15:50] {Threei} your turn ADBE
[15:50] {Chaeron} and keep going.....
[15:50] {Threei} go toward 30
[15:50] {Threei} [15:42] {Threei} +800 coming, IMO
[15:51] {Threei} ADBE 1:1
[15:51] {magoo} nice vad
[15:52] {magoo} we were all so cordial today
[15:52] {Threei} disgusting really
[15:52] {Threei} cordial magoo
[15:52] {Threei} ewwww
[15:52] {GeoArb} lime cordial
[15:52] {magoo} complimenting each other..make magoo sick
[15:53] {Threei} I am right there with you
[15:53] {Threei} ADBER 1:2
[15:53] {Threei} out +.32
[15:54] {Chaeron} I took +0.28... many thanks (being cordial)
[15:54] {GeoArb} out on 3 NQ contracts
[15:54] {Threei} welcome (trying to match)
06[15:54] * GeoArb bein effusive
[15:54] {Threei} effuse this
06[15:54] * Threei slaps GeoArb around a bit with a large trout
[15:54] {GeoArb} no heat on stop at all
[15:54] {GeoArb} scaled in slowly
[15:55] {GeoArb} 1400 done for the day hehehehe
[15:55] {Chaeron} and under pressure of evacuation... nice
[15:55] {Threei} that's effusive
[15:55] {GeoArb} traded like its last day
[15:55] {GeoArb} lol
[15:56] {Threei} 850 on table
[15:56] {GeoArb} nq advantage that it gives 15 extra mins to close position
[15:56] {Threei} volume is till questionable
[15:56] {Threei} but heck
[15:56] {Threei} if we pull back, even better
[15:57] {GeoArb} HDB
[15:57] {Chaeron} I like reloading
[15:57] {GeoArb} maan
[15:57] {Threei} 880
[15:57] {GeoArb} this market
[15:57] {Threei} 900 coming
[15:57] {Threei} every day is history in the making
[15:58] {dino} clucky l2
[15:58] {dino} cluncky?
[15:58] {Threei} 902
[15:58] {Chaeron} cmon... do an even 1000
[15:58] {Threei} lol
[15:58] {Threei} in 2 minutes?
[15:58] {Chaeron} yeah... impress us
[15:58] {Threei} 940
[15:59] {GeoArb} AMAZZING
[15:59] {Threei} ADBE over 30
[15:59] {Threei} remember everything I told about how we will stop scalping one day?
[15:59] {hawkfan4} man o manishevitz
[15:59] {Threei} 960
[15:59] {Threei} you may just get it chaeron
[16:00] {Threei} 975
[16:00] {dino} out aacc .29, +.34
[16:00] {Threei} and pullback... ugh
[16:00] {Threei} 25 points shy
[16:00] {Threei} Ok guys
[16:00] {Threei} that was some day
[16:00] {Threei} thank you all
[16:00] {hawkfan4} thx vad, nite all
[16:00] {GeoArb} gret day
[16:00] {GeoArb} thanks vad
[16:01] {Threei} good to see we are on the right side of this crazy market so consistently
[16:01] {GeoArb} what can i say
[16:01] {GeoArb} you have great students
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {dino} so, we used to do 300 pts range, then 500 pt, the i left last week w/2 700 pt, and now today 900. ....
[16:02] {magoo} ty vad
[16:02] {Chaeron} Thanks Vad
[16:06] {dino} thx all
[07:49] {magoo} morning
[07:49] {Threei} Good morning
[07:51] {magoo} we got what we feard fri..huge gapper
[07:51] {Threei} yeah
[08:07] {Threei} MS
[08:07] {Threei} REPORTEDLY MITSUBISHI STILL AIMS TO PURCHASE 21% STAKE IN COMPANY, NO CHANGE IN INVESTMENT SIZE VS ONGOING DEAL TALK
[08:07] {Threei} -Preferred shares said to yield 10% to Mitsubishi{MTU}
[08:29] {magoo} cramer saying dow target 4400...
[08:29] {magoo} whats he trying to do?
[08:30] {Threei} sigh
[08:33] {Threei} FED'S HOENIG: TREASURY BANK AID PLAN IS 'DAUNTING'
[08:37] {Threei} FED'S HOENIG: FINANCIAL SERVICES INDUSTRY HAS TO STEP UP AND HELP RESTORE MARKET STABILITY
[08:37] {Threei} - Regulatory agencies around the world must take care not to over-react.
[08:37] {Threei} - The bank supervisory structure did not cause the credit crisis.
[08:37] {Threei} - Supports a rules-based not a principle-based set of regulations.
[08:37] {Threei} - The US Treasury and the Fed can not solve the crisis alone.
[08:37] {Threei} - While the TARP plan is daunting, believes the program will help deal with the crisis.
[08:38] {Threei} (CA) CANADIAN FIN MIN: ALL NECESSARY STEPS WILL BE TAKEN TO MAINTAIN STABILITY IN THE FINANCIAL SYSTEM
[08:38] {Threei} GE
[08:38] {Threei} CEO: GLOBAL FINANCIAL SYSTEMS ARE STRONGER NOW THAN THEY WERE FOUR WEEKS AGO
[08:38] {Threei} yeah?
[08:42] {cosmo} .... back up the truck...
[08:48] {cosmo} APWR
[08:48] {cosmo} 5.40 pre mkt spike high fyi
[08:49] {dino} gm all, seems i missed a crazy one
[08:49] {Threei} no kidding dino
[08:49] {cosmo} tulips soon dino
[08:49] {Threei} unprecedented volatility
[08:50] {dino} lol
[08:50] {dino} in any case, back to work
[08:53] {cosmo} NVDA pre mkt high = 7.40 fwiw
[08:53] {dino} who got the govt cdo contract for market, cme or ice?
[08:54] {Threei} (GE) GERMAN GOVT CONFIRMS IT WILL PROVIDE UP TO €500B IN GUARANTEES, CAPITAL FOR BANKS
[08:54] {Threei} - Bailout plan is in accord with other EU nations
[08:54] {Threei} - Bailout packages mature on Dec 31, 2009
[08:54] {Threei} - Notes foreign banks' German units are also included in plan
[08:54] {Threei} - Bundesbank will ensure liquidity of money market funds
[08:54] {Threei} - Govt also targets taking direct stakes in banks, revising balance sheet regulations for banks
[08:54] {Threei} - Govt also plans to set up a special financial market stabilization fund
[08:54] {Threei} - Reportedly the German Cabinet approved bank sector rescue plan
[08:54] {Threei} - Note: Earlier today, it was speculated that the German financial market rescue package would total €470B and Germany would provide €400B in bank guarantees, €70B in bank capital
[08:54] {peterg} morning
[08:54] {Threei} peter :)
[08:55] {Threei} (IT) ITALY REPORTEDLY TO PLACE OVER €20B TO SUPPORT BANKING SYSTEM
[08:56] {Threei} told ya... they'll throw any kind of money at this
[09:03] {hawkfan4} morning all
[09:03] {Threei} hawk :)
[09:03] {magoo} H
[09:03] {magoo} A
[09:03] {magoo} W
[09:03] {magoo} K
[09:03] {hawkfan4} :)
[09:04] {peterg} having too much fun, smiling not crying
[09:04] {magoo} they freeze up in mkt hours u could be slaughtered today
[09:08] {cosmo} Q
[09:08] {peterg} what is symbol for FORD?
[09:09] {peterg} 90 y/o father bought 1K sh on Friday for a bounce, he hopes
[09:09] {peterg} swinger, that one
[09:09] {magoo} uses viagra?
[09:09] {magoo} at 90
[09:09] {peterg} didn't ask
[09:10] {dino} everywhere contries are flooding the world w/money
[09:10] {peterg} looks like symbol for ford is ford
[09:10] {dino} f
[09:11] {magoo} f u too dino.sheesh
[09:11] {peterg} thks dino & welcome back
[09:13] {Threei} (AS) AUSTRIAN CHANCELLOR: AUSTRIA WILL IMPLEMENT A €100B FINANCIAL MARKET RESCUE PLAN
[09:13] {Threei} - The package will provide support for the banking system, mainly via guarantees.
[09:13] {Threei} - To limit short-selling
[09:14] {Threei} (FR) FRENCH PRES SARKOZY: A FRENCH ENTITY WILL BE CREATED IN ORDER TO ASSIST BANKS
[09:14] {cosmo} ah... templars
[09:16] {dptl} morning all
[09:17] {Threei} dp :)
[09:17] {Threei} GM
[09:17] {Threei} CLOSING WISCONSIN SUV PLANT, AFFECTING 1,200 JOBS
[09:17] {peterg} does it say where in Wis?
[09:18] {cosmo} SUV's need to be lighter and more sporty ...that's all
[09:18] {Threei} no
[09:19] {peterg} looks like Janesville
[09:19] {GeoArb} gmall
[09:19] {Threei} geo :)
[09:21] {Threei} IMO, the only way to deal with this gap is wait out the open
[09:21] {cosmo} nvda tests 7.40
[09:21] {Threei} if we get wild swing as we saw on Friday, it's a buy on extreme spike down
[09:22] {Threei} but I doubt Fri opening wqill repeat today
[09:24] {Threei} GM, quite a gap
[09:25] {Threei} DELL is fairly meek
[09:25] {Threei} MS... jeez
[09:26] {Onix} Good moring all
[09:26] {Threei} LOL, GS lowers oil price to 65
[09:26] {Threei} Onix :)
[09:26] {Threei} weren't they predicting 200 on the way up
[09:27] {hawkfan4} time to buy oil
[09:27] {Threei} not yet IMO
[09:27] {magoo} they are prudent vad..trailing the target he he
[09:27] {Threei} uhhu
[09:28] {GeoArb} MS !
[09:29] {peterg} tempted to chase but remained strong
[09:29] {peterg} good me
[09:30] {peterg} very exciting spike
[09:30] {peterg} lots today spose
[09:31] {Threei} watching ADBE pullback
[09:32] {Threei} should follow lower
[09:33] {Threei} if not losing .70, half lot long when NQ reeverses
[09:33] {Threei} argh
[09:33] {Threei} don't chase
[09:35] {Threei} 29 long smaller shares, stop under .80
[09:37] {Threei} (RU) RUSSIA RTS EXCHANGE HALTS TRADING UNITL TOMORROW
[09:37] {Threei} {RSX }
[09:37] {ese} good morning......
[09:37] {Threei} ese :)
[09:37] {ese} slept through my alarm
[09:37] {ese} whats happenin
[09:37] {ese} things lookin up
[09:38] {Onix} in ADBE @ .21
[09:38] {Threei} .21??
[09:38] {Onix} .01 i mean
[09:38] {Threei} WHEW
[09:38] {Threei} scarewd the living daylight out of me
[09:38] {Onix} me too!
[09:39] {Threei} Long Setup: NVDA .65 if stays above .55
[09:39] {Threei} (IT) ITALY PM BERLUSCONI: COUNTRY HAS METHODS TO AVOID MARKET TURMOIL AFFECTING THE REAL ECONOMY
[09:40] {Threei} yeah, we heard his methods... halt all exchanges
[09:40] {magoo} out adbe .45 TY vad
[09:40] {GeoArb} he must be russian
[09:40] {Threei} welcome mags
[09:40] {Onix} ty VAD got .47
[09:40] {Threei} cool beans
[09:40] {Threei} you guys are good
[09:41] {magoo} good mentor
[09:41] {Threei} who would that be... I better hire him
[09:41] {Threei} dell
[09:42] {magoo} vad..news CME?
[09:43] {Threei} no
[09:43] {Threei} gettinf feeling ADBE is going much higher
[09:43] {magoo} u in?
[09:43] {Threei} didn't reallt poulled back this time with NQ
[09:43] {Threei} .50 break, will try
[09:43] {Threei} very risky
[09:44] {Threei} half out .71
[09:44] {Threei} offering the balance .95
[09:44] {Threei} stop under .40
[09:45] {magoo} going long .95 for breakout
[09:45] {magoo} HE HE
[09:45] {Threei} lol
[09:45] {magoo} watching AAPL for bounce
[09:45] {magoo} give me a read vad
[09:46] {Threei} toughie
[09:46] {magoo} he he ya rthink?
[09:46] {dino} banks rolling over
[09:46] {Threei} changing to 1/4 out at .95
[09:47] {Onix} Vad, do you use the symbol NQ or is there more?
[09:47] {magoo} easing in 1/4 .95
[09:47] {Threei} rofl mags
[09:47] {Threei} onix, you have futurtes feed?
[09:47] {Threei} 1/4 out
[09:47] {Onix} i use QQQQ
[09:47] {ese} long ATVI
[09:47] {ese} .49
[09:47] {Threei} if you don't have separate futures feed you won't get NQ quotes
[09:48] {ese} 3/4
[09:48] {Threei} QQQ is good enough as proxy
[09:48] {Threei} out in full ADBE
[09:48] {GeoArb} nice vad
[09:48] {Onix} ty
[09:48] {Threei} .28
[09:48] {Threei} +.77
[09:48] {Onix} wtg Vad!
[09:48] {dino} gj
[09:50] {Threei} tempted to short RIMM 59.5 breakdown
[09:50] {ese} stop .40
[09:50] {Threei} with stop above .75 - .80 zone
[09:51] {Threei} 1:1 quickly
[09:51] {Threei} out .18
[09:51] {Onix} missed that one
[09:51] {Threei} a bit too early
[09:51] {Threei} argh'
[09:51] {GeoArb} nice and sweet
[09:51] {ese} stopped .40 -.09 hmmmmm
[09:51] {magoo} just feel like should be playing more long on bounces
[09:51] {magoo} but..i could be sucker
[09:52] {GeoArb} in .46 out .05
[09:52] {Threei} wtg Geo
[09:52] {Threei} beat my exit
[09:52] {GeoArb} scaled on .16 too
[09:52] {Threei} look how well ADBE is holding
[09:53] {Threei} RIMM dollar
[09:53] {Threei} {--- crying
[09:53] {GeoArb} wow rimm
06[09:53] * GeoArb joins 3i
06[09:53] * Threei passes Geo a tissue
[09:54] {hawkfan4} lol
[09:54] {GeoArb} hmm so _xzap didnt continue?
06[09:54] * Threei is looking around
[09:54] {Threei} OK{ bounce time RIMM
[09:54] {Threei} in .95
[09:55] {Threei} stop under .90
[09:55] {Threei} ADBE... starts feeling like buy and hold, lol
[09:55] {Onix} in @.01
[09:58] {Threei} half out RIMM .40
[09:59] {Onix} grabbed only .17 on RIMM
[09:59] {Threei} out in full .96
[10:00] {Threei} half lot ADBE long .15
[10:00] {Threei} stop under 30
[10:01] {Threei} in
[10:01] {magoo} in
[10:01] {dino} v sm wide cme l 9.00
[10:02] {Onix} in ADBE @ .15
[10:02] {Threei} if works, not a scalp for me
[10:04] {Threei} no worky
[10:05] {Onix} stopped ADBE
[10:07] {GeoArb} sheesh was a 12 point down spike on NQ
[10:14] {GeoArb} .
[10:18] {Onix} am i still logged in here?
[10:18] {Threei} no
[10:18] {dino} y
[10:18] {magoo} no
[10:18] {Onix} ty
[10:18] {Threei} let's vote on that?
[10:20] {Threei} Long Setup: AA .70 half lot
[10:20] {Threei} if stays above .50
[10:21] {magoo} in
[10:21] {Onix} in
[10:26] {Threei} let's trail it to under .60
[10:26] {Threei} taking too long
[10:27] {magoo} exit area?
[10:27] {Threei} looks fairly capable of going closer to 13
[10:28] {Threei} buty so far hesitates too long for my taste
[10:29] {magoo} especially on naz spike
[10:29] {Threei} better now
[10:29] {Threei} 1:1
[10:29] {Threei} I am out .92
[10:30] {GeoArb} all out .91
[10:30] {GeoArb} TY vad
[10:30] {Threei} welcome
[10:32] {Threei} kind of missed DELL
[10:32] {Threei} it's morning weakness tunred me off
[10:32] {Threei} but later on it gained strength
[10:32] {Threei} quite nice steady climb
[10:33] {Threei} if NQ breaks, let's try .38 with stop under .30
[10:33] {Threei} ADBE fooled us, eh?
[10:33] {magoo} out AA .91 here
[10:34] {magoo} got second chance
[10:34] {dino} out cme 390.20, +10.20
[10:34] {Threei} ok, good pullback NQ here, allows us to see which ones are holding right under high for a break
[10:34] {Threei} eeck
[10:34] {Threei} dino... that's indecent
[10:34] {dino} :)
[10:35] {dino} 389.20 that is
[10:35] {GeoArb} i guess golf vacation helped :)
[10:35] {hawkfan4} wow, nice dino
[10:35] {Threei} ADBE
[10:35] {dino} lucky
[10:35] {Threei} thing is aiming for 31 if market breaks out here and it takes .50
[10:36] {Threei} would prefer pullback entry
[10:36] {Threei} let's see if we can nail one
[10:36] {Threei} same with DELL
[10:37] {Threei} NQ is forming C&H hopefully
[10:37] {Threei} 1346 will complete it
[10:39] {Threei} ADBE closest support .30
[10:39] {dino} jpm sm l .45
[10:39] {Threei} NQ is determined
[10:41] {GeoArb} so did we take break of .5?
[10:42] {Threei} we?
[10:42] {Threei} are we rading as a single entity?
[10:42] {GeoArb} i did
[10:42] {Threei} trading
[10:42] {GeoArb} yes we are raiding
[10:42] {Threei} stop under .30
[10:42] {GeoArb} out half
[10:43] {GeoArb} ahhhhh
[10:43] {GeoArb} crossed vads monthly fees
[10:43] {Threei} today?
[10:43] {GeoArb} yeah
[10:43] {Threei} in one day? what I charge for a month?
[10:44] {GeoArb} yesh
[10:44] {GeoArb} pls dont increase it pls pls
06[10:44] * Threei sends a memo to sales/marketing department
[10:44] {ese} UAUA taking of
[10:45] {GeoArb} wow chaeron late today
[10:48] {Threei} market sharp downticks
[10:48] {Threei} maybe time to rest a little
[10:49] {dino} jpm stopped -.40\
[10:49] {Threei} CHRYSLER CEO: COMPANY HAS BEEN APPROACHED BY OTHER COMPANIES FOR POSSIBLE AGREEMENTS
[10:49] {Threei} {F GM}
[10:51] {Threei} Long Setup: PRU .50 small shares, if holding above .30
[10:53] {GeoArb} drat missed
[10:56] {Chaeron} good morning all
[10:56] {Threei} out .92
[10:56] {Threei} Chaeron :)
[10:56] {Chaeron} missed some nice ones I see...
[10:56] {GeoArb} hey cchaeron
[10:56] {Threei} wow, even that too early
[10:57] {GeoArb} sheesh
[10:57] {Threei} stocks start doing what I told you they would at some point
[10:57] {Threei} just go, go and go
[10:57] {dptl} he he out.54 +1.00..ty
[10:57] {Threei} sheesh
[10:57] {GeoArb} nice dp !!
06[10:57] * Threei slaps Threei around a bit with a large trout
[10:58] {Threei} welcome dp :)
[10:58] {Chaeron} great one dp
06[10:58] * GeoArb slaps Threei around a bit with a large trout
[10:58] {Chaeron} great call Threei
[10:58] {dptl} ty
[10:58] {Threei} will take us a few to switch to this kind of thinking,
[10:58] {Threei} and really need more than one day
[10:59] {Threei} to make sure it's a new market mode
[10:59] {Threei} but we will get there, this bull market once it takes rot will not be over in a week or month
[10:59] {Threei} rot = root
[10:59] {Threei} sigh
[10:59] {GeoArb} tkaes rot hehehe
[10:59] {GeoArb} oops
[10:59] {Chaeron} yeah... and your typing is so much better LOL
[11:00] {Threei} look who is talking, lol
[11:00] {Chaeron} :P
06[11:00] * GeoArb goes ina corner and counts his money
[11:00] {Threei} "tkaes" really adds irony, eh chaeron? :)
[11:01] {Chaeron} classic
[11:01] {GeoArb} ok ok
[11:01] {GeoArb} :0\
[11:04] {GeoArb} maaan PRU
[11:06] {Threei} RIMM
[11:07] {Threei} 59 .10 long
[11:07] {Threei} if stays above 58.85
[11:10] {Threei} let's modfiy it
[11:10] {Threei} 59 break
[11:11] {Threei} US TREASURY CONFIRMS MEETING WITH FED AND MARKET PARTICIPANTS FOR FINAL DETAILS TO STABILIZE FINANCIAL MARKETS
[11:12] {Threei} RIMM invalidated
[11:15] {dino} amzn sm l .00
[11:18] {magoo} since its report..rimm just hasnt had it
[11:19] {Threei} WSJ: QATAR WILL INJECT APPROX $6B IN CAPITAL INTO BANKS
[11:19] {Threei} - reminder: over the weekend, it was reported that the U.A.E. said that it would inject funds into banks if necessary. {USD/GCC}
[11:19] {Threei} I start feeling ashamed I am not injecting liquidity in banks
[11:19] {Threei} everyone else does
[11:20] {GeoArb} i love this new term
[11:20] {Onix} i will leave that to Uncle Sam to do for us
[11:20] {magoo} not me..i injected liquidity in stock mkt for 9 yrs
[11:20] {GeoArb} injecting liquidity
[11:20] {GeoArb} sounds so clinical
[11:20] {Threei} lol
[11:20] {GeoArb} lol magoo
[11:20] {Onix} i have also injected way too much already
[11:28] {dino} you guys crack me up, missed it
[11:28] {Threei} :)
[11:29] {GeoArb} ok last one
[11:29] {GeoArb} vad can edit it later :)
[11:29] {Onix} has it ever happened before that the government buys stocks directly?
[11:30] {GeoArb} injecting liquidity..... is that what they call love nowadays?
[11:30] {dino} yes
[11:30] {Chaeron} Onix, I don't know but I wish I were their broker
[11:30] {dino} many govt. do this
[11:31] {Onix} i think it is Paulson who wants to buy some GS
[11:31] {GeoArb} lol chaeron
[11:31] {dino} think govt pensions that are allowed to invest in markets
[11:31] {GeoArb} didnt it happen to chrysler? not sure
[11:31] {Onix} to help his old buddies
[11:31] {Onix} and maybe he still has lots of shares in GS
[11:32] {GeoArb} the timing kinda sucked.... bailout right before GS plunge
[11:32] {GeoArb} they let the others die
[11:32] {dino} amzn stop to .40
[11:32] {dino} we all die geo
[11:32] {GeoArb} :)
[11:33] {GeoArb} after payint taxes.....
[11:33] {GeoArb} the irony doesnt escape me
[11:33] {Onix} maybe that is why they now want to change the use of the 700B bailout
[11:33] {GeoArb} now i will pay interest to banks to lend me my taxpayer money
[11:33] {dino} lol
[11:33] {dino} out amzn serious slip, .61 +.61, stop was trailed to .70
[11:34] {GeoArb} nice dino
[11:34] {Onix} wtg dino
[11:34] {dino} ty
[11:42] {dino} acas sm l .80
[11:42] {Threei} a lot of relentless slow climbs
[11:43] {magoo} yeah..up big but was mosly gap
[11:43] {Onix} no great pulbacks
[11:43] {Threei} no, I mean those that continue climbing intraday
[11:43] {Threei} like SBAC
[11:43] {Threei} JRCC
[11:44] {Threei} EQIX
[11:44] {Threei} etc
[11:45] {Threei} ADBE tired
[11:45] {Threei} short candidate if/when market decides to pull back finally
[11:45] {Onix} quiet accumilation in some?
[11:45] {Threei} 30 breakdown
[11:50] {magoo} in
[11:51] {Threei} in what?
[11:51] {magoo} lil aggresive sh adbe
[11:52] {magoo} .06
[11:53] {Onix} in .98
[11:53] {magoo} out .98 lol
[11:53] {Onix} adbe ss
06[11:53] * Threei slaps magoo around a bit with a large trout
[11:53] {magoo} kidding lol
[11:55] {Onix} out .92 adbe
[11:55] {dino} amzn sm l .05
[12:03] {GeoArb} nice day thanks vad and all
[12:03] {GeoArb} bye
[12:03] {Threei} take care geo
[12:03] {Chaeron} bye Geo
[12:04] {hawkfan4} l8r geo
[12:08] {magoo} laaa....eight......er.....oh..i get it
[12:08] {hawkfan4} {==extra clever today
[12:09] {Threei} lol
[12:10] {dino} out amzn .45, +.40
[12:10] {Onix} gj
[12:10] {dino} ty
[12:10] {magoo} l rimm here .43
[12:11] {Threei} SBAC
[12:11] {Threei} smaller shares 18 long
[12:11] {Threei} stop under .80
[12:12] {dino} acas stop to .88
[12:13] {magoo} hoping 60 artea
[12:13] {magoo} stop .94
[12:15] {magoo} out here
[12:15] {magoo} .82 ty vad
[12:15] {Threei} for what?
[12:16] {magoo} just BEING there
[12:16] {Threei} oh
[12:16] {Threei} can I limit my participation to that?
[12:16] {Onix} please no
[12:16] {Threei} lol
[12:16] {dino} out acas +.08
[12:19] {Onix} slow one
[12:19] {dino} yeah, thats why tight, be done
[12:36] {Threei} yawn
[12:36] {Threei} anything's moving out there?
[12:36] {Chaeron} DRYS?
[12:36] {Onix} not a soul is stirring
[12:36] {Chaeron} vol too low tho now
[12:37] {Threei} overall, I am not imressed with market volume so far
[12:37] {Chaeron} Columbus Day... everyone out eating pasta
[12:38] {Threei} oh
[12:38] {Onix} and Thansgiving in Canada ... what a way to spend it ... trading!
[12:38] {Threei} we canucks are having Thanksgiving today
[12:38] {Threei} yeah
[12:38] {Threei} well... my consolation comes when it's Thanksgiving in USA
[12:39] {Threei} whole Canada is working, and I am having long weekend
[12:39] {GeoArb} back
[12:39] {Threei} quick, everyone
[12:39] {Threei} hide your winning trades
[12:39] {GeoArb} sheesh
[12:39] {Onix} lol
06[12:39] * GeoArb would have shared
[12:40] {Threei} and we would have taken
[12:42] {Onix} SBAC fooled us
[12:42] {Threei} invalidated and broke
[12:42] {Threei} oh well
[12:43] {Onix} life's like that sometimes
[12:58] {dino} ice sm s .50
[13:02] {dino} stopped -.40
[13:02] {Threei} too bad you haven'ty been here for ICE last week
[13:03] {Threei} misunderstood news, killed it... then deatils appeared, took it all the way back
[13:04] {dino} hmmm
[13:05] {Threei} can you imagine 1000 points daily range, dino?
[13:06] {dino} when i left we were doing 500-700. which was unbelievable
[13:07] {Threei} most stunning element was the speed with which market went through the range
[13:08] {Threei} literally in minutes
[13:08] {Threei} that was something out of sci-fi
[13:08] {Threei} teleportation
[13:09] {Threei} Paulson: beam me up Benny!
[13:09] {dino} lol
[13:09] {dino} i watched a little between rounds, was moving in clumps of points
[13:10] {Threei} we found ourselves in chronoclastic infindibula
[13:10] {magoo} see vad..i told u dino was working down there lol
[13:10] {Threei} I didn't believe you
[13:10] {Threei} but yeah
[13:10] {Threei} you are your brother's keeper
[13:10] {dino} no, just couldn't resist looking at tape when at the bar, or heading out
[13:11] {Threei} oh Tv
[13:11] {Threei} Ok then
[13:11] {Threei} no way I'd approach computer on vacation :)
[13:11] {dino} yeah, no laptop
[13:21] {Threei} IRAQI OIL MIN: OPEC WILL EVALUATE CUTTING SUPPLY IF DEMAND WORLD SHOWS THERE IS LITTLE NEED FOR IT
[13:21] {Threei} - Iranian Oil Min: current oil prices 'not a healthy sign'
[13:21] {Threei} no?
[13:22] {GeoArb} nope
[13:22] {Threei} only because it's too high, I'd say
[13:23] {GeoArb} needs to be double
[13:23] {GeoArb} (according to them)
[13:23] {Threei} get it down to 50 and I'll agree it's almost healthy
[13:23] {Threei} 35, and I'll stop taking its temperature and blood pressure
[13:24] {Threei} US REP HOYER: THERE IS BROAD SUPPORT FOR TREASURY'S PLAN FOR PURCHASES OF EQUITY IN BANKS
[13:24] {Threei} among banks, right?
[13:25] {GeoArb} i think its still a better idea than buying toxic paper
[13:25] {GeoArb} let em sort all that stuff out.... if they make money you make money
[13:25] {dino} why don't they just grant options
[13:26] {GeoArb} did i tell you my buddy grew up withthe guy who is implementing paulson's plan
[13:26] {GeoArb} (dunno if thats something to brag about)
[13:26] {GeoArb} he is called minime
[13:27] {dino} lol
[13:27] {GeoArb} http://www.elitetrader.com/vb/attachment.php?s=&postid=2109811
[13:27] {GeoArb} youll love this
[13:29] {dino} roflol
[13:29] {GeoArb} his title is Interim Assistant Secretary of the Treasury for Financial Stability
[13:29] {GeoArb} lol
[13:29] {GeoArb} really
[13:30] {GeoArb} used to be a scientist at TRW at redondo beach.... then got bored and joined GS
[13:31] {dino} hmmm
[13:31] {GeoArb} Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space scien
[13:31] {GeoArb} but i love his title
[13:33] {dino} heck of a business card
[13:34] {GeoArb} barely 6 yrs out of school
[13:35] {Onix} so, GS is running the USA at the moment?
[13:35] {GeoArb} revolving door
[13:35] {Threei} pretty much Onix
[13:35] {GeoArb} UIUC engineering guy wharton finance
[13:36] {dino} nah, we speculators are
[13:36] {GeoArb} true dino true
[13:36] {GeoArb} damn hs i only one year older than me
[13:36] {GeoArb} http://www.time.com/time/business/article/0,8599,1848055,00.html
06[13:37] * GeoArb is depressed
[13:40] {magoo} lil pullbk 2-230..then rrock into bell?
[13:40] {GeoArb} smug &^&^%^&%!!!!!!!
[13:40] {GeoArb} (SZ) Swiss Bankers Assoc. CEO: Switzerland does not need a bailout, as no housing bubble exists and the economy remains 'stable'
[13:41] {magoo} all thgose illegal; bank accts
[13:41] {Threei} lol
[13:41] {GeoArb} i guess thats where the money will go
[13:41] {magoo} like bailing out the mafia
[13:42] {GeoArb} i am planning to go to a bank soon and ask for a loan....
[13:42] {GeoArb} if they ask for collateral .... Ill say my house and laugh hysterically
[13:46] {Threei} DELL continues strength without even market help
[13:48] {Onix} and ADBE is very tired
[13:48] {Threei} yup
[13:49] {magoo} adbe=a dino back early
[13:51] {Threei} lol
[13:51] {Threei} and dell?
[13:51] {Threei} dino eluded late lull?
[13:56] {Threei} OK, ADBE pulled back far enough to get me interested again
[13:56] {Threei} need NQ to resume strength
[14:12] {dino} ice big rinse almost 2 bucks
[14:16] {Threei} things pretty much stalled
[14:16] {Threei} gotta wait it out
[14:22] {dino} sm aacc l .95
[14:24] {Threei} DELL chart begs to short .50
[14:24] {Threei} not sure it's worth the trouble
[14:24] {Threei} see if you like it
[14:26] {dino} rolling over, but how much w/mkt up so much
[14:26] {dino} have to think it can keep a gain
[14:26] {dino} cetv interesting from short
[14:26] {dino} ice is big bummer
[14:29] {Onix} the lower lows are coming just as slowly as the higher highs came earlier
[14:30] {dino} missed cetv
[14:35] {Threei} anuone took DELL, look for scalp
[14:35] {magoo} vad..my question
[14:35] {Threei} sideways
[14:38] {dino} cetv dropped a buck
[14:41] {magoo} ADBE vad??
[14:41] {Threei} short on NQ reversal
[14:41] {Threei} don't see it as a long here
[14:43] {Threei} WMT
[14:43] {Threei} HEARING SHARES RAISED TO BUY FROM NEUTRAL AT UBS; COST RAISED TO NEUTRAL (TIMING UNCERTAIN)
[14:43] {Threei} - Note UBS cut these names last week
[14:43] {Threei} they change their calls weekly now?
[14:43] {Onix} soon it may be daily
[14:43] {Chaeron} soon they'll be in your room changing on the fly... watch for it :)
[14:44] {Chaeron} onix :)
[14:44] {Onix} same with earnings ... market up, earnings beat & visa versa
[14:44] {GeoArb} hehehe UBS is a filthy daytrader
[14:44] {GeoArb} power up
[14:46] {Threei} NVDA
[14:46] {Threei} ANNOUNCES CLOSURE OF U.S.DOJ INVESTIGATION REGARDING POSSIBLE ANTITRUST VIOLATIONS
[14:46] {Threei} - DOJ investigation into potential antitrust violations related to graphics processing units and cards has been closed.
[14:46] {Threei} - No specific allegations were made against the Company during the investigation.
[14:49] {Threei} changing my opinion mags
[14:49] {Threei} explosion in cards
[14:50] {Threei} (unless I change it again in 10 min)
[14:51] {Onix} what's use of having a mind if you a't change it hey?
[14:51] {Threei} exactly
[14:51] {GeoArb} what use is a mind if it never changes
[14:54] {Threei} TIGER MANAGEMENT'S JULIAN ROBERTSON: IN THE PAST FEW DAYS WE HAVE BOUGHT SHARES IN MSFT, AAPL, BIDU, V, AND MA - CNBC INTERVIEW
[14:54] {Threei} - also buying more shares of RYAAY.
[14:54] {Threei} - says copper is a good short.
[14:54] {GeoArb} man yahoo outlook keeps getting lowered
[14:55] {Onix} Tiger Management doing well?
[14:55] {Threei} if they bought over last few days, must be
[14:55] {dino} jpm l sm .00
[14:57] {Threei} NQ goes for new highs very soon
[14:57] {Threei} there
[14:59] {dino} not really liking market up so much so fast. plus the gaps are trouble
[15:00] {Threei} well, we were so deeply oversold
[15:00] {Threei} plus Cramer called Dow to 4000 or so
[15:00] {GeoArb} heheh have you seen the hilariouds ads on cramer being run by fox business?
[15:00] {Threei} no
[15:01] {GeoArb} they are gunning for him
[15:01] {dino} liking farley's thoughts better, 7100ish
[15:02] {GeoArb} http://www.youtube.com/watch?v=yca7nbhyMVY
[15:02] {GeoArb} here yo go vad
[15:03] {Threei} lol
[15:03] {Threei} well... hard to deny truth
[15:03] {GeoArb} ahhhhhh
[15:04] {GeoArb} made 5 times my daily (200) today
[15:04] {GeoArb} best day in last 2 months
[15:04] {dino} out jpm .45, +.45
06[15:04] * Threei slaps GeoArb around a bit with a large trout
[15:04] {dino} great job geo
[15:04] {GeoArb} 2 contracts of ES on IB
[15:05] {GeoArb} scaled in slowly when market powered up
[15:05] {dino} little over 2x's here
[15:05] {magoo} your daily is 200 geo?
[15:05] {GeoArb} yeah
[15:05] {GeoArb} as i opnly trade first half
[15:05] {GeoArb} will increase slowly
[15:05] {magoo} no..thats great..its 50k a yr
[15:05] {GeoArb} consistency over greed.... as i got greedy a few months ago
[15:05] {GeoArb} ok TY
[15:06] {GeoArb} crap exited early on ES
[15:06] {dino} trading is boxing geo, not a sprint
[15:06] {GeoArb} yeah.... watch you guys doing it everyday
[15:06] {GeoArb} its an inspiration
[15:06] {magoo} true dino..but more violent..like extreme kickboxing
[15:06] {dino} lol
[15:07] {GeoArb} okkkk
[15:07] {Threei} [14:49] {Threei} changing my opinion mags
[15:07] {Threei} [14:49] {Threei} explosion in cards
[15:07] {GeoArb} oy yes
[15:07] {GeoArb} vads an inspiration too
06[15:07] * GeoArb forgot
[15:07] {Threei} sigh
[15:08] {GeoArb} lol
06[15:08] * Threei is easily forgotten
[15:08] {hawkfan4} beauty call vad
[15:08] {Threei} :)
[15:08] {hawkfan4} notice i put "call" in there, to avoid any unnecessary trouting
[15:08] {Threei} I did
[15:08] {hawkfan4} :)
[15:08] {Threei} thank you
[15:08] {dino} vad's the animal
06[15:08] * magoo slaps Threei around a bit with a large trout
[15:08] {Threei} that's considerate
[15:08] {Threei} lol
[15:09] {GeoArb} sheesh
[15:09] {GeoArb} fires 3 miles from home
[15:09] {GeoArb} 118 and 210 closed chaeron
[15:11] {Chaeron} wow... I heard... let me know if anything in OC
[15:11] {dino} good luck geo, bad stuff
[15:11] {GeoArb} really windy today too
[15:11] {Chaeron} Geo - take care and let us know, ok?
[15:11] {GeoArb} TY
[15:12] {Chaeron} DCC Geo
[15:13] {dino} sm s cetv .50
[15:14] {Threei} Short Setup: RMBS .69
[15:14] {Threei} if stays under .75
[15:14] {Threei} just a scalp
[15:15] {dino} double bubble gum flying at me
[15:16] {Onix} in
[15:16] {GeoArb} me too
[15:17] {dino} rcrc
[15:19] {GeoArb} so vad.... wht was the setup here?
[15:19] {GeoArb} is
[15:19] {Threei} break of support on reversal
06[15:19] * Threei slaps laserdave1 around a bit with a large trout
[15:19] {GeoArb} ok got it
[15:20] {GeoArb} cant that be a pullback?
[15:20] {Threei} needs NQ reversal to help
[15:20] {Threei} doesn't look like getting it
[15:20] {dino} cetvv stopped
[15:23] {Threei} no worky RMBS
06[15:24] * laserdave1 slaps Threei around a bit with a large trout
06[15:24] * magoo slaps laserdave1 around a bit with a large trout
[15:24] {Threei} new highs we are headed for
[15:24] {magoo} fighting trend on that one vad
[15:24] {Threei} shrug
[15:24] {Threei} looked like reversal
06[15:24] * magoo slaps Threei around a bit with a large trout
[15:24] {Threei} 6 cents sto[
[15:25] {Threei} don't tell me it wasn't worth a try
06[15:25] * magoo slaps patience around a bit with a large trout
[15:25] {patience} magoosky!
[15:25] {Chaeron} not too nice to hit a lady, pardner.........
[15:25] {magoo} i no take..trend is my friend
[15:25] {Chaeron} (that was in my best John Wayne)
[15:25] {Threei} up 700 points
[15:25] {patience} it was pretty good
[15:26] {Threei} another day in the office
06[15:28] * laserdave1 slaps magoo around a bit with a large trout
06[15:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:29] * magoo slaps Chaeron around a bit with a large trout
06[15:29] * Chaeron slaps magoo around a bit with a large trout
[15:29] {magoo} hey..what i do??
[15:29] {Chaeron} freakin' Three Stooges
06[15:30] * laserdave1 slaps Chaeron around a bit with a large trout
[15:31] {Threei} Obama's plan includes moratorium on home foreclosures
[15:32] {GeoArb} and no penalty on retirement withdrawals
[15:32] {Threei} that I don't care about
[15:32] {Chaeron} yeah...
[15:33] {cosmo} no taxes?
[15:33] {dino} yeah right, like thats going to happen
[15:33] {dino} just telling you what you want to hear
[15:33] {cosmo} zero cost basis
[15:33] {Chaeron} cosmo... can you say Democrat? :)
[15:33] {Threei} yeah... and can you say President?
[15:34] {cosmo} I've been putting that off...
[15:34] {Chaeron} I'll hold back on that
[15:34] {cosmo} both
[15:34] {Threei} voters hearing "no foreclosures"?
[15:34] {Threei} seals the deal
[15:35] {Chaeron} I'll top that... no car payments too
[15:35] {dino} i am simply saying they are all telling lies. they are just telling you what you want to hear
[15:35] {Threei} that'll come out after elction
[15:35] {cosmo} just ... rescue me
[15:36] {GeoArb} that sounds like madonna
[15:36] {cosmo} nice to see some of that 700 B working...
[15:38] {Threei} I believe we are to see another runup
[15:38] {Chaeron} give me a cheap long?
[15:38] {Threei} in ADBE, stop under .50
[15:39] {Threei} cheap... hmmm
[15:39] {Chaeron} in ADBE .65 thanks
[15:39] {cosmo} something up less than 10%, lets say...
[15:40] {Threei} ummm... ABTL
[15:40] {Chaeron} lol... ok... how about vygo?
[15:41] {Chaeron} just get that boot ready if needed for ADBE
[15:41] {dino} rcrc?
[15:41] {Threei} weak...
[15:42] {Threei} +750
[15:42] {Threei} +800 coming, IMO
[15:42] {magoo} RIMM?
[15:42] {Threei} as usual
[15:42] {Threei} will make new highs with market
[15:43] {Threei} or die with it
[15:46] {Threei} come on NQ, break 1400
[15:47] {Threei} {NQ} with all my pleasure
[15:48] {Threei} ummm... I meant break AND stay there
[15:48] {GeoArb} heheh
[15:50] {Threei} better now
[15:50] {Threei} your turn ADBE
[15:50] {Chaeron} and keep going.....
[15:50] {Threei} go toward 30
[15:50] {Threei} [15:42] {Threei} +800 coming, IMO
[15:51] {Threei} ADBE 1:1
[15:51] {magoo} nice vad
[15:52] {magoo} we were all so cordial today
[15:52] {Threei} disgusting really
[15:52] {Threei} cordial magoo
[15:52] {Threei} ewwww
[15:52] {GeoArb} lime cordial
[15:52] {magoo} complimenting each other..make magoo sick
[15:53] {Threei} I am right there with you
[15:53] {Threei} ADBER 1:2
[15:53] {Threei} out +.32
[15:54] {Chaeron} I took +0.28... many thanks (being cordial)
[15:54] {GeoArb} out on 3 NQ contracts
[15:54] {Threei} welcome (trying to match)
06[15:54] * GeoArb bein effusive
[15:54] {Threei} effuse this
06[15:54] * Threei slaps GeoArb around a bit with a large trout
[15:54] {GeoArb} no heat on stop at all
[15:54] {GeoArb} scaled in slowly
[15:55] {GeoArb} 1400 done for the day hehehehe
[15:55] {Chaeron} and under pressure of evacuation... nice
[15:55] {Threei} that's effusive
[15:55] {GeoArb} traded like its last day
[15:55] {GeoArb} lol
[15:56] {Threei} 850 on table
[15:56] {GeoArb} nq advantage that it gives 15 extra mins to close position
[15:56] {Threei} volume is till questionable
[15:56] {Threei} but heck
[15:56] {Threei} if we pull back, even better
[15:57] {GeoArb} HDB
[15:57] {Chaeron} I like reloading
[15:57] {GeoArb} maan
[15:57] {Threei} 880
[15:57] {GeoArb} this market
[15:57] {Threei} 900 coming
[15:57] {Threei} every day is history in the making
[15:58] {dino} clucky l2
[15:58] {dino} cluncky?
[15:58] {Threei} 902
[15:58] {Chaeron} cmon... do an even 1000
[15:58] {Threei} lol
[15:58] {Threei} in 2 minutes?
[15:58] {Chaeron} yeah... impress us
[15:58] {Threei} 940
[15:59] {GeoArb} AMAZZING
[15:59] {Threei} ADBE over 30
[15:59] {Threei} remember everything I told about how we will stop scalping one day?
[15:59] {hawkfan4} man o manishevitz
[15:59] {Threei} 960
[15:59] {Threei} you may just get it chaeron
[16:00] {Threei} 975
[16:00] {dino} out aacc .29, +.34
[16:00] {Threei} and pullback... ugh
[16:00] {Threei} 25 points shy
[16:00] {Threei} Ok guys
[16:00] {Threei} that was some day
[16:00] {Threei} thank you all
[16:00] {hawkfan4} thx vad, nite all
[16:00] {GeoArb} gret day
[16:00] {GeoArb} thanks vad
[16:01] {Threei} good to see we are on the right side of this crazy market so consistently
[16:01] {GeoArb} what can i say
[16:01] {GeoArb} you have great students
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {dino} so, we used to do 300 pts range, then 500 pt, the i left last week w/2 700 pt, and now today 900. ....
[16:02] {magoo} ty vad
[16:02] {Chaeron} Thanks Vad
[16:06] {dino} thx all
